Evening Star Newspaper, September 15, 1921, Page 27

. i S * P CHICAGO, September 15 (Special). business FINANCIAL, ___THE EVENING STAR, WASHINGTON, D. C, THURSDAY, SEPTEMBER 15, 1021 FINANCIAL. 3 nm > 5 in ad volu:n this :uk b; mru; REPORT OF 'rn ponmo- READJUSTMENT INSOMELINES |iudi5 SRt i bR /e NG SAVINGS | ACCOMPLISHED, SAY LEADERS,;‘,::;‘::" A ST por Wit o BANK, e Steel, Rubber, Building and Farmmg In- ERNST & ERNST AUDITS—SYSTEMS TAX SERVICE The Golden Age of the Investor oy busiaces September 6, 1921 RESOURC l. s I"Br. and dis- including » dustries Now Believed to Have B ™™ Il Thedsrne otk e e Ofpen at 8:30 AM. Every Banking Day ‘Total loans 2. Overdratts, unsecured. years from now, people will look back on the Roem 915 Telephone, Main 8007 Passed Low Point. - Columbia National Bank 8.U. 8. government securities nl’Mm 5 & present as the golden age BY GUY T. ROCKWELL. yielded slowly and dealers maintained % © Unpledged 1.35 i i Bpecial Dispatch to The Star. fl'f‘"' a &= g”ce\’l & otherdcov'r:“m?d- - Total U. 8. > ;Z;er:iv:: e . 911 F str“t mm”‘ 5 e ed. 8 < ’m CLEVELAND, September 15.—Busi- [ has not suced to start demand. = et “aiaFion g3122135 837,221.85 i Foresight today will be better than hindsight a few years hence. Fore- sight means profit; hind- ness leaders in sections representing the steel, rubber, buildng end farm- ing industries are unanimous in the| NEW YORK, September 15 (Spe- cfal).—The market.for cocoa beans opinion that readjustment has gone [ f o tRe I RE et O O e for 4. 8 Bouds, _securiti other - that .Uw! ln‘lhe:l miazi on same.....$131,625.00 Cocoa Beans. .Fifuen Reasons Why You Should Invest in A Friend You Can its route in this territory and that [months with ~manufacturers ~buying ,T:'l T S s e e Ret I 2 bl C t n Toely. The price for Sanchez beans . anking house 837.2 ight means regret. ‘ ] & level has been reached from which | {r-ely. The prics for Sanches beans Our First Mort $ ,m:m;:u;m o Lo o nvaria y oun PO @ general resumption of business can | gegcriptions have shared in the fm- safely be expected. Steel production, | provement. which reached its low point in June % l'nd July, has shown improvement Jewelry. Reason Eight since that ti Tire production has NEW YORK, September 15 (S . : pe- Doen Jvoll absorbed and there Ar® ex|cial). —Sentiment in the diamond Ho ahrena P tonded periad Bullding construction | trade is improving as the amount of o °m"g O Tren deniate now is the. opportune | Stones dumped on ‘the market in Eu- || 3ay ‘Hac there waa otning time to consider new bulldirg enter- | {OPS, BOW is well along toward ab- .flu.; go the steady earning of Prises. and the farmers feel more interest, that the way to get hopeful, because help Is plentiful, the prices of fertilizer are down and, Wool. farming implements are ~becoming | PHILADELPHIA, Setember 16 (Spe- more reasonable in price. cial)—Worsted yarns are in good The indications are that the low|mand by manufacturers of sweaters point of depression in retail trade was | and fancy knit goods for the fall and Teached in July. August sales ‘im-|winter trade. Dproved materiaily and merchants ex- pect increasing business throughout G e fall and winter. thoug! LIRSS cost of many necessities showed an| oW YORK, September 15 (Speclal); increase last month, this was counter- converters, have in many months and a fall in price Thls DElce. In teae® e e of_some food products iy More buflding permits were lssued | {(7° 2! to jobbers. as the ling has been Mortgage Loans riified “‘,:"“ | 1 a Loans angREIOURCES. REPORT OF CONDITION in August than in any other August|price will be announ ’ ; ' | - ced shortly. 7 ts, in the history of the city. The ma: patesiag % 934 N. Y. Ave. N.W. & Sedincounts (onk | AMERICAN NA'“ONAL BANK Jority of these were for dwellings. $50,474.88 Letter. Smith, Lockhart&Co. ESTABLISHED 1911 Continental Bldg., Baltimore, Md. Members Baltimore Btock Exchange “Safety, Convenience, Profit” q In time of emergency, sickness, mon-em-* ployment or other setback a Savings Account proves the most dependable of all “friends. 2 € Encourage your thrift account to grow by making PAY DAY additions thereto regularly. ° Compound interest helps to increase every dol- lar deposited in Our Savings Dept. We Issue Travelers’ Checks & Letters of Credit Compound Interest Paid on Savings. open a Savings Account at 3 %v'l':c?v:wnlm.flnk with as little as $l banks 3 ¢ Due from"aii nmn— 1. lnh-ngu for clearin . Checks and othe; . Cash in vault,... Total ... 18. Capital stock paid i apital o : i '"6"'(11' ma.éuu Z ahead was to make sure that your principal was safe and ac- cumulate the interest. Our First Mortagages offer an ideal investment opportunity for those who prefer safety of principal and certainty of yield. BEPORT 0!‘ THI CONDITION i MOUNT VERNON $100, $250, $500, $1,000 ,.;,::'_.n_;;u:_ s SAVINGS BANK. Loan peer. At Washington. in the District of Columbla. a1 banks ....... 204 : The Clove ot business Septecsver &, 1081 SHANNON & Lucl{s In denominations of Se - ,.. b f business on NEW YORK, 20 Ootibcases dapoeit due in i : BEPORT IS8 CONDITION Washington, in the District of Columbia, at the close o Less Unemployment —Orders for Tead have pees eiined hee B e s s e op 18% con At et of Columbia, it loadihavebesniniaced iz PQRK SAVINGS BANK in Kansas City Field BEPORT OF Om CONDITION AMERICAN o s (a3 : M ’fluuzus, the close of business Beptember 6, 1021 REPORT OF THE CONDITION 32.555.2;% 14,3 BY DICK SMITH. Ey ¢ < vernment securities owned. sy eneme ., NATIONAL SAVINGS| SECURITY AND |a oBi = Core—m il T o e > . Septem| .—Un- el et L s pRe oo 000, employment In this territory 1s 1ess| AND.TRUST CO., borrowed . c Unpledsed ..... $1.84738 et b ALl o) Untted Htates government securities. 502,850.00 pronounced than in any other section | ¢ Washington, in the Disteict of Columbla, af TRUST CO. . [ 4 War saviogs cei: oDt Those shown of the country of similar size accord: | ™ the closo of busiatss Sepicmber 6, 1921, | At Waabington; tn the e Catamiiaet SR B tifieates © and inb -$1,485,670.12 Fotall L. -o.ocooazs 537233 1,102.850° e oll af rustexliotiIato siconaitiong 08 of Dusinens Bepiusoer o T0LL: ° |35, B finnu' Including certid: TR e o e 5. Other bonds, stocks, securities, ete. Sy :2;-&}"“‘ just completed for the Department o o it ting ==l T 'urniture nnd fl‘llfl“ 5‘“&",, Ux;‘emplfimm‘: {I“ “*f";;',,g e nln{o ‘deputl v !:nunw 3 Total U. 8. 3 guuntntis, sasciea e 1,485,670.12 c. nmkln: house, uso.vl:g":‘ Teserve Tank e : 259,246.23 ecidedly here, there being only Loans en other than {hose sbore A 3 serve bank in process of co gut of work now, compared with 12.400 od (res bond and_ fa- 7.85L81 8 Neorerumeat fancaritios| by Aremareiiy ::‘;:‘N“: e ot Joaese ast January. ~Kansas City, Kan., secu $140,040.25 10. Cash in vauit and amount due ;:gl‘e':l 'ozdfsco";e': et '{:?zbefimoef = o p e e ga:s'-lnv.'s .o iR Am:u“:““‘g'hm:&u t 1143.47 and Leavenworth, Wichita and other Total loans Ateptancesof’ 4 FERNAND " PETIT, * teasurer” of E cluding preintom hrif damphe e 1,50017 Exchanges for clearing house . ... 7000820 ne RS ctical ree from ly ir that the .. as LT S P —— — i s bk, S limT R Bl T g e GReckTh ciher Sonke i o e 38 Jos;pn. Mo., where five thousand are © Unpledged .... $501,300.00 ———— i 18 M“ PETIT. e other than U. 8. 128,085.25 ties ..... $141,606.42 'Total of items 9, 10, “ 12 and ; Beeking positions. e . 875,947, s Treas —_— J EaAeTor ployment here is in the steel industry, 508.06. 1,940, RAYMOND L. SCHREINER, 9a & e e 10 pe foentbelawe securities ... $501.300.00 STNSeeL) #5. Redemption fund it O : . 501,300.00 owned: b Tolum on same.. $140,286.25 - s 147,101.58 Total bonds, se- 1,654.96 te. normal, and the greatest improvement = has been in food production lines,| *fends, securh railroad shops, bullding trades and the than TCS, in- milling_industry. Mail order houses eluding pre- have added four hundred employes in mium on same the last month, and in wholesale gro- Tott oot cery and furnitute lines pay rolls have nd been maintained or incre; orty | 5. ,,m,. pothes thousand miners in the tri-state flelds, me Sremion: however, are working only half time. ‘Total . 269,738.08 Securities, other cnh stems. oot $2,853.54 17. Capital stock paid in 12. Cash in lult 1 211 nfl’v?a'ump"m 2312355126 2 Reserved for interest and taxes ac- crued. 815.51 ceessessecceasans s120372.77 Retail lumber yards are putting on © - 5 18/204.58 . P dainess 1ly here is looking tonal Danke_o. $182.464.3 it s 15. Capital stock paid in. 10 su:" 1 m-x 2 : > ey siness generally cDu> from ali . xchanges for clearin x up, | Merchants are mors opmistic| olier banms’ swesazs MERCHANTS’ BANK |3 it g 0. c0oss; P ) Gliclitiaa Sacclf fo: 2 e e Sat sesarye ani (i = :.."‘.E forward to Improved trade as the sea- | 11. Checks and other cash ftem Total bonds, Of Washi D.C. D L er 16 Gider 'auaeta 23, Amount due to national banks..... 3 o 12 Cash In vaglt oo socurities ashington, e ntarest 23. Amount due to state banks, Gt —_ ete.. other, At Washington, in the District of Columbla, at e 9994 BEX the United States and for Total X thas U. S...$5,057,885.12 the close of business September 6, 1921. |20, a Due to national cluded in tems 21 or 22) Manufactured Goods — — 5 e ek T SI00022e 34 Gortifed checks outatandlog | _-o0.ooioos Cashler's ESEEE Sold at Higher Prices }1' P e oy s Bate o 30| 1. aLons and dis private banks T S e . $iiz0iced L 000, Foons ! lxlum i v-uu 857.36 mnu, |.|:||n:lnx‘ and bankers.... 4.303.19 Demand deposits (other than bank deposits) subject to reserve BY PAUL C. HEDRICK. 5 .. e ;_ Ofter reil eataie e “or8m. o E & 21. Certified check 26, noSaeposice payavle within 3 days): Dispa star. J T 42,188,236, . _ 0 Indivh ot check B BATTLE, September 15.—Bottom S e 5';‘."“"2"".'.;"-"“"‘"“ S e Demand deponits (deposits pay i #1. Certificates of deposit dus in less thian 30 days (other than for prices of mlnull:tul:d :se:flalu have pate 3156039 other ”‘?" -__9%97.901.19 m’“:‘m' :‘:‘m e wt] e luz":d:-l depeeits wussect to 19 Am 30. Dividends unpaid . ) 20. 4 Due 11 Ghecks an Tte e e S secroed . ! Total of demand deponita, (otlur iaa bank de- been reached here in the far west, and Due Ghecks and otder cash 0 ‘eciritios . osiien i % al of demand L "o zene P afaciarers St overalls here and e Sark. i gt et awar ta Au- cer- ety ‘?9...',::.1&““" e s (deposiss 3¢. Other time depoat : item tifcates and 28. Other demand depost 2 X withia ‘Total of time deposits subject to reserve, EEE T S e Gl el 3 ‘dopais it stampe... $5.65208 Toial deman am-m. s . 1a3ividra) 46 Ligbiiitios ‘other than those above stated: Clearing house due ‘holesalers from $16.50 to $18 a dozen l le within 39 days). nd 28 m““ essssscevesesessssane Tor standard brands. Manufacturers | 2 "'“"':"“ deposits subject - et . carities 2 Time ad:.v”m {payabie’ atter of ordinary cotton work shirts t0day |7 piss : _220,38.08 securi 5 or aublect. to echoanie increased their prices 50 cents a ldoxfhm gm 06.;’: "::;fn";m o X 8.. including 29, Certiteates of aepmm:' (other e mm“ o °"é‘v‘ mm"n.‘euhlz of the abov. Prin ot eotton and. the. genceally im- :-7' Gomaia ot erad s 0214 00 pEem N wion, 32. Other" e Gepedite. ) 30 mere notice] S AR A S A A kg‘gvl o o roved industrial situation are respon- and 22, 3 ——— e Total of time deposits, jtems % pt Bible for this new movement. Retail- e i Total boads, x 3 o5 5% %, nlble nd 2. w:zr 198,85 Borrowed) 4 Subacribed and swoen to before me this 14th #ym"lg_“unm L ers In north c coast territory 3 Other, % have been advised to prepare for other Gare o morn ateays s ] g E Igzi0000 | Cleaces”of “aepouit sépresen iy price advances, including cotton, un- | 8. Ceriifcates ot a-mm lother o X ¥ T oALLmER ¥ . o tal deswess i met s st Togal ot o e Lew Due from v District of L W. GROOMES, - Labor costs in this territory are be- 30, 81 and 82.$276,870.30 peases, interest e Dot fremrs sl T. Wil MUEHLEISEN, ‘t'mw.n: oi '.');; ing slowly reduced, but building op- erations still continue slack. Sults Total . 12,008,380.0¢ bt 5 - 13415 e ":2.‘:.,.'::‘:":.“«‘:.‘ M s o are sponged and pressed here at pres- | Oistrict of Columbis, City of Washington, sa.: 10. Exchanges for clearin :514.55 | knowledge and belief. m E! ent for 50 cents each, as against a IS SinCAMBORN. treasurer of the ea 3T Checks ‘and other cash 1 38 WM. MUEHLEISEN, Presiden; charge of $1 thirty days ago. Bank bank, do solemnly swear that the ot le: 12, Cash o vault ... 83| | Subscribed and sworn o before me this Lith deposiis’ In’ the nortnPacific. section | LSSudet 4ot me'"" to-the best of my = 51420.20| 33 Gier a day ot et Al vARELA. lscaL c RIGGS NA1 lONAL BANK show a gradual decrease, while bor- CHAS. C. LAMBORN. Treasurer. 138,914.0¢ (a3 Bulls tor _::“mlm Lt Notars blic. otary - Towings from the Federal Reserve| Subscribed sad svors oo s mo i Bt tio i (BiRKoeeizatseasyiic | Comect—Attest: | Thomes Bomaeri At Washington, in the District of gl:m:’x?x at the closs of business on Bank have been reduced in even larger du e Bemmben 1921 nks g propo: s ALEXANDER gz. vAnm t Total .. les and Wt B :o%om'mu blic. LIABILITIES. Filkp mEwizy 3 1. s Loans and dlleonntt. lncludln‘ l’ldll@lll“ eg Correct—Attest: News of Commodities rm,y;gg‘,gkm fot0a0l 18 SOBIN Sk ; : L ¥ Gloomes, magrez059 . . 3 43. Treasurer's checks s . = . E. e other ‘h‘nh discounted. 426, ; in Various Markets O nnae | gl 2tsevce| DLese £ PV om, E3 Dl T B Acomtnmi e - Goke. o d taxes D T [ A X TOtA) IOADS «vvvvnnneeeoacmsssenssnaeesss $18,506,513.61 Pa., September 15 REPORT OF THE CONDITION o ehec! 20, d Due = Overdrafts, secured, $3,052.03 ; unsecured, $6,663.57.....cc00c0ue OCine Bl companies and — < 4. U. 8. government .:mrnlu owned: & Deposited to securs circulation (‘7. S. bonds, r value, $100.000)....... T 2 o ited Btates government securities. INTOWN, (Socialy 2 The Ratney Coal and Coke Company strike has been ended by N ORTH CAPITOL k= e the company agreeing to pay the H. 2. Certiied e ecks. . 1 G Frick Coke Company scale. Three SAVINGS BANK, 25 Other Seposi vsiion| 31 Certed, checta Gaidiasd X b All other Uni usa) men are affecte en Demand | company cut wages below the Frick At Washington, in the District of Oolnu able 'I'Mn 30 days): $98.000.00 00.00 2.889,334.00 2,899, the close of business mten ividual deposits -M‘d to scale the men left work. This agree- A 24, 25, 27 posd §. Other bonds, ‘sscurities, etc. ment ends all_labor troubles in the RESOURC (e g i : 3 \nd fixt i 1 Cénnellsville district. s L e hren 30 ¢ :' ?::‘gfl“ m‘v':' ngng:flu Teserve bank ... 2,655,984 OUNGSTOWN, Ohio, September 15 . i = ) . [ J ® ® 9. Ttoms with federal reserve bank in process S clal).—In the past month by- = : e y svallabl ) 13873k uct coke makers of this distriot in'b and 4525.517.79 = osey borrowed) .41 | 35 Qther Ceand s, oy ¥ s the i e shipped 5, 0 6. ons 0 — 22, B. 24, 25, 26, 27 phate of ammonia. to Japan. Total Lo { "‘a 31,700,564 11 At the end of the month do you sometimes bt ,mt- : ; ; ol e s i, ity ublect, find that you have spent more than your 'TTLE, September 15 (Special).— i eptember 15 (Special) Wer S ey efor shoner Borrowed income? Play safe and add something l.'l.l“.. ' other than item 12 af(m 9, 10, 11, 12 and 13. $3,003,046.10 14. a-«n 'on banks located outside of city or town of reporting bank and other cash items. Momnlou fund with U. 8. treasurer and dus from U. ::emr:&;u;:;i:dgtoon coal mines, hre- er time depos ly re- n an open-shop thrift stam - ST 4 eposit i 2 lo, are rapidly getting vack to 38 Liabitties (-::n thanthose I S N this pay day to your savings account. The al production and decreases in ot credit. $112.067.00 inciuding _cer- 3 o es are forecast for the near future 7 tiestes of deposic rapre- Daily Dime Savers will help, too. 5 88.71 mflnt money borrowed. 86, Liabili other _than ‘thoss including w .llld Bills lbl. Premitim on seums” $353,008.58 \acterred. payment oo FARRELL, Pa., September 15 (Spe- e estate) - ”‘ Q ciah —Another Hundred men have re- ; i o o e decon atlon turned to work in the nail department ing house 06 1, CHARLES m.m, d . of the Anms:enn Steel and V\;‘h‘e Com-| 7 e mamc e BLEE 1, !BA;E . nEA:'u& enlu' :i' n:] pan; e department now is operat- - \bove-1 "u-.l, swear tha 0 Jog 5t full capacity. iz Puets ! Eaowiedgs apd be o .ml:;mu':‘mz s troe ot B8 | “The Bank of Utmost Service” iy t TS 5 AN, Jr., Cashier. Gran. banks 3 3 be um““fl AR 509 Seventh Street N.W. MINNEAPOLIS. September 15 (Spe- |10. Bechangen for clenfag bomse 1133048 z &”"“"‘M‘}?} 2. pooonuR, © Loss current expenses, interest and taxes paid. 89 clal).—Dealers here and at Duluth other cash items — have distributed more than $15,000,000 15 Camh o Vet © e Correct—Atteat: A e e e to farmers in the northwest in pay- . . tleon, Peter A. Drury, John R. Waller, 2 ment for grain shipped here and to -352. . 5. Reeside, E E 3 Mitel @1 Awountffine DT 17. Canital stock peid in. 18. Surplus fund ..... 19. Undivided profits . b Reserved for taxes $674,357.44 59,243.57 Duluth the first nine days of this LIABILITI vt BT |4 ‘Dorse] . Amount due to state banks. bankers and trust companies in month. o 000001 & Plrdy e Goorge’ W e, | Bemy Suimiey Sy B A alted States and forelm countries (other than in- KANSAS CITY, September 15 (Spe- | 1 fund . X Directors. > Directars.. 2 cluded in mm- 21 or 23) 2,126.09! G e e O L 3 ) B Gy Shecks on own. bank cutsiand HeH] 100 pounds on grain rates to 2 . . b 'S 10C] o ports from Missourl river valley teeri- taxes paid... 4,022. = h uld ha f th - Total of items 21, 22, 23, 3¢ and 25. tnryh;hleh'wan§ into effect this weel ou shQ veCa CO (o) c Dement d?goalt:"(‘o:‘t:evr‘ than bank dénosit e is alding to stimulate movement of H mavye ano! L grain for export to the gulf. The ed o I/ fine ilhistrated book just’ publubed b the New 26, Individual deposits subject to check. . 2 TRy new rates will be in eflect‘:nly until . Y N 2. Cenmu:u of deposit due) in less than :hmy days (other York Curb Market. It will give youa true perspec- tive of America’s Seqond lmg:rt Stock Markes, and tell you about the January 1. —_ Ofls. NEW_ YORK, September 15 (Spe- cial).—Demand ~ for linseed oil con- tinues fairly heavy at the increased Are you just drifting along, dreaming of the time when you will begin to make a few investments? S Every- surplus dollar that you savé should be put to 5 = T2F ”?:E:H}fi::édfc}?;bfi-?figég worl? On:l:l!-‘ir ot M ortgageyNote s SVash —millions of dollars paid in dividends, 1501 e done somew a = - > Drice for large quantities. " —assets behind leading companies, and . 404198 = ington, D. C,, pruperty is the paramount investment. rm"u'::::" September 15 Syisioc : = : Notes are issued in denominations ranging from $1(X) - o o t0$100,000. ‘prvfit ot y. and deposits of (AR I S DR & 2. g S 2 pd SR Tburging 959.209.58 of shipment to market and the Maine This'book AU - 41 Lotters of -oredit and trivpiers checks ull for ‘cash and “‘“‘:.‘ G Rindie g8 Mrembies 1700 Totat = swm“, Rhum & Hensey Co. takes you “inside” this a:?slsmml 4 nom“ IICB 44, Liabilities other than thoss above gtated Rice ot Colunibids . : hffiz‘fldmzl"# "l‘hi-ni-rdu!l e s ‘?'r.';...f"'%.‘:::mm.‘; loan bonds and victory motes. . NEW_YORK, September 15 (Spe- |abore-named bask, do wear 727 15th Street N. youneverknew ot tax withheld ..... A Hoihl ket with an e e A SOLE MICHAXE, Presideat. : S Mml: wm e llz‘:-% District of Gotumbla, cit- ot " Washingtor. e e e e Wedkietm, D . - B iy ' L L s .:':..:";.':.'W, Bk il Polnts are belleved to forecast nigher Tl The Natlea's!Hot Tewn A copywill gy ONES &.BAKER hat otmy prices soon. - 2 be mailed on request. No New York Curb Markat “ fotary Publte, -~ Furniture. .52 Years Without Loss to an Investor obllp on. Ask for UU-489. ~Furniture dealers report P very dull and see little fmmediate| ehance of improvement. Prices have i = £ Hemip 3 and 3 ‘u ‘United th"- lcpotlu (other than postal -mn). lneludlu war 1oan t scconnt