Evening Star Newspaper, September 17, 1921, Page 15

3 \ > .‘ankl and trust companies “TRADINGIN STOCK WASRATHERSLO Bull Pools Active—Bear Pressure Is Evident in Many Shares. BY STUART P. WEST. NEW YORK, September 17.—The week-end trade reviews were favor- able, telling of further progress to- ward better taings in the general in- dustrial situation. But this was ignored as an influence for the day, at least. So was the further recovery in the foreign exchange, which extended again to German marks. The trading element was simply figuring that the ¢ market, despite the outside improve- ment, had had a sufficiently extensive rise to warrant some sort of setback. Operations for the decline were helped by the cut announced yester- day in gasoline prices and by the question as to whether the company had been able to secure a further ex- tension of its $4,500,000 loan. Oil and related shares, especially Mexican Petroleum and General As- phalt, sold down sharply and other speculative leaders were offered down half a point to a point. But there was no serious weak- ness. The final trading was dull and the close fairly steady, with small net losses, as a rule, on the day. German marks left off over 10 points above their recent low at 1.01 cents. United States Food Products. ‘When United States Food Products in the Tast half hour yesterday broke through its former low eof 15, it was quite evident that something was wrong. ‘The reason for the sudden bidding up of Industrial Alcohol was also made apparent. It was an attempt to get a better market on which to sell United Food by creating a diversion in a stock which cften in the past has moved sympathetically. On March 14 it was announced that $1,500,000 cf the bank loans of $6,- 000,000 outstanding at the first of the year had been paid off, and the re- mainder extended for three months. On June 14 a second three-month extension was obtained. This iatter period of grace has now expired, and the story going around today was that trouble had arisen over the further extension of the loans. It was the unfortunate investment of the wonderful whisky profits in the Sugar Products Company which did the damage in the Food Products situation. The company has also been hara hit, . Rowever, by the decline in the price , of 'Industrial Alcohol from around $1.15 a gallon under 30 cents. At . the latter figure it is doubtful if busi- ness could have been taken except at a loss. The fact that there has been no improvcment in the sugar outlook and very little, if any, in the alcohol outlook has, of course, made the financial problem of the company more difficult. Consolidated Distributors Fresh selling came into Consolidated Distributors, which pushed the stock below one dollar. This company, Wwhich was formerly the Times Square Auto, was put in the hands of a re- ceiver this week. It showed assets considerably above liabilities. The stock caused quite a flurry about two months ago. when it moved steadily forward to around $ and at that time it was sald that business was satis- factory and the company in good con- dition. It is now believed that the stock was moved upward to allow some one to unload. The selling todav. even under one dollar, was quite heavy. _ CURB STOCKS. Quotations furnished by W. B. Hibbs & Co. i Aetna Explosives 12 121 Allied OB . i 5 Arkansas Natural Gas. 8 8y, Rig Ledge . 26 28 Boone 24 26 Boston o i3 Roston and Wyomin ® 7 Caledonia ... 7 9 Calumet and Jerome. D2 14 ST 1 l4318 4% e 8 % 9% w21} Cities Service pf T Columblan Emerald 1118 1y Empire Food. iiss 2" | Commonwealth Finance . » w ! Cousolidated Copper 1 13 ! Continental Motors 5% o 8% ressen Gold 1% 1% ! Davis Daly. 5 7 Dominion 0il % ) Durant_Motors Dmy oy FIk Basin .. B < 4 Commonwenith Finance pfd..ll 40 70 Engineers’ Petroleum Py 2] Hareka Croesus 30 32 Farrell Coal 12% 1351 Yederal Ol . J1116 1316 Fensland 01l 8 ? Hlliland 01 2% 2y len Alden C L lenrock 0 87 w2 uffey-Gillesp B o | Grana R ecla . 1 4R Hercules Paper _ 7 8.1 Intercontinental Rubber ....... 24 243 TInternational Petroleum (new).. 10 10ig Jerome Verde . I 20 Kay County Gai L 1 Lake Torpedo - 1 Lone Star Gas. 20 a_Copper 215 | Maracaibo Oil... 1 Mason Valley . Merrit Ol g Midwest 01 " cou - Midwest Oil pfd. 2 k1 ‘ Midwest Reflning 140 Mountain Producers’ ke 8 | Nevada LB 2 - New Corneila . I 13y ¢ Nipissing Mines . 42 u;* ] Noble Oil and ¢ 16 18 North Amer. P. 3y syl Northwestern Oil bid 20 Umar Oil (new). % 8 Pennok 0il 3% ' 4 B 80 3% 4 | 3 20 ity 5 51 Salt Creek Producing. 20 30 Halt Creek (new) 10 14 3 3% 81 4L 4 Swift Interuational . 22 ond ‘Tonopah Divide . 3 72 “Tonopah _Extension 1918 1% Vnited Easiern ... 2516 33 U. S.Light and Heat com 1% 15 U. 8. Light and Heat pfd. 2 3 2 N. Steamship, - Thited etail ¢ % United Texas . 16 ‘Wagren 3 Wayne_Coal 2 West End € 72 ‘Wright-Martin 5 CHICAGO— Armour _ Leather com 5 195 Armoyr " Leather pfd. : 81 Armour pfd. 2 035 Cudahy Packing 52 Libby - % National o Switt & Co. o Unlon Carbide i Wabl . = MONEY AND EXCHANGE. NEW YORK, September 17.—Prime mercantile paper, 5%a6; exchange, ir- regular; sterling sixty-day bills and commercial sixty-day bills on banks, 3.67%; commercial sixty-day bills, 3.67%; demand, 3.71: cables, 3.71%. ¥rancs, demand, 7.08%; cables, 7.03. 7.01 L:zlgian francs, demand, 7.013%; cables, 7.02. Guilders, demand, 31.47; cables, 31.53. Lire, demand, 4. cables, 4.23%;. Marks, deman ; _cables, 1.00%. Greece, demand, Sweden, demand, 21.60. Norway. demand, 12.83. - Argentine, demand, 30.25. Bra: demand, 12.75. Moatreal, 10% pe: discount. Government and rajlroad bonds, firm. in, cent NEW YORK BANK STATEMENT. NEW YORK, Semtember 17.—The actual condition of clearing house or_the veek shows that they hold $54,625,240 reserve in exeess of legal require- ments. This is an increase of $38,- 256,310 from last week. & — e —— e T T T Received by Private Wire Direct to The Star Office. Open. High. Low. Close. Open. High. 1B 0% 50% Pennsylvania 7s of 1980. Pennsylvania gen. mortgage 81y = . e S San Fran i g 6s 192 2% 5 fows nd san puncio o2 10+ %4 | ) ERNST & ERNST S Al e sa1 Ot 5% = fifim:{x:dcfn:.l noulc'oz.; T 1935, 94 AUDITS—SYSTEMS Southern Pacific 18t fef. ; . 4. 88% Sonthern Haiway Fei o TAX SERVICE e Pactic 1ot 45 et Tnion Pacific conv. 13 a8 Washington Office * Un'on Pacific 6s 1928.. 100% 1 15 MUNSEY Buoc. £ 105 : 2 8% WEEK-END COTTON MARKETS. NEW YORK, September 17.—There were quite a good many overnight sell- ing orders for execution at the open- ing of the cotton market today, and first prices were barely steady at a decline of 2 to 22 points. There was also selling by southern spot houses. On -the whole, however, orders were pretty well divided, and after selling off to 18.69, or 31 points net lower, Prevailing interest and comm! Joseph 1. w;u« oo Money to Loan Secured by first deed of trust on real estate. ission. L. & Trust wiFuw. December rallled to 18.90, with later fluctuations. Fall River sales for the week were estimated at 75,000 pieces, and week end reviews of the goods trade indicated apprehensions that further advances would check consum- ing demand. { The market closed easy. 1 NEW ORLEANS, September 17.—! Selling pressure was rather severe in | the first hour of the session in the cot- ton market today, and prices dropped ; 2% to 44 points under the closing quo- § tations, October falling to 18.02 and March to 18.08. While much of lhel selling appeared to be liquidation from : | the ‘long side there .were indications | that some of it was to hedge spot cot- ‘ ton, reports from Texas saying that! large quantities of spots were bought in that state last night. It was pre- sumed that these purchases were hedged in the future market today. ‘The market closed steady at a ne decline of 42 to 54 points. - LIVERPOOL, September 16.—Week- ly cotton statistics: _Total forwarded to mills, 54,000 bales, of which Ameri- can, 41,000; stock, 964,000 bales, Amer- ican, 580,000; imports, 48,000 bales, American, 31,000; exports, 6,000 bales, American, 4,000, It Had a Thought. Guest . (to_waiter)—Why do you serve the before the soup ‘Waiter—Ssh! T'll tell you—that fish ‘couldn’t wait_any_ longer. Organizea 1879 Assets ... Surptus ..U\ table and save each the way to get al Being Recefved | 4 Per Cenmt Interest 915 F St. N.W. Co-Operative Building Associati 41ST YEAR COMPLETED $4,303.838.85 $1,865,322.89 Gratifying Results Through Systematic Savings —Make up your l:: %h::mfi:fl: l-_b-nlm'-- for the 81st Issue of Stock Shares, $2.50 Per Month EQUITABLE BUILDING JOHN - JOY EDSON, President WA 'NEW YORK STOCK EXCHANGE [SHARP SETBACK IN Wi SHINGTON, D, 'C, 'SATURDAY, SEPT PAST WEEK IN CHICAGO| BY GUARANTY TRUST CO. Low. Close.| CHICAGO, September 17.—Sharp ‘set- Adv Rumley. 18% 1% | Intl Paper. . © ~ 4@ |backs in the price of wheat have tak- Ajas Rubber. 2% 21% 22 |Invincible Ol 8% 8% - 8% 8w/ en Place thin weel with :"!“":ell‘l‘;: Alaska Juno. % 1 1 |IslandoOfl..... 2% % % v'::-gflarn o] )7 ‘,’ur:,.’;' .;":h .‘:';:“.n Moes AUEICRoaICRE 4% 41y 4% | Jewel Tea pf. 3% % 3% % oing breaking long-continuéd drought Allls Chalmers. MK MU 3% |KansasCitySou.. 26 26 %6 2. |in Argentina: Compared with a week Am AgrChempf.. 68 63 6 6 [KansasCSoupf.. 61 61 Bl ago, wheat this morning was 6% to Am Bank Note.... §% 60% 80% 60% | Kelly-Spring Tire. ¢2%_ 43% 0% 41% 83 cents lower, corn down :2-to 2%, Kennecott........ 20 20§ 19% 19%|oats, % to 1%, and provisions, 17 to Keystone Tire...> 12 12 1% 11%]60. Lackawanna Steel 42 ¢ 42 __ 4 _| European exchange rates put wheat Loews Inc 4% 14% " 14 T 14 | bulls at special disadvantages hecause Am Druggists. LoftInC.......... 10 10 10 10 |export business had already been han- Am Express. Manati Sugar 21% 1| dicappd by Canadian railroad embar- AmHide&Lea.... 11 11 5 goes against the grain shipments from Georgian bay ports-to Montreal. With Am Hide & Leapf. 6% B1% U2k 18 |now low record quotations for Ger- Am Tce.. .... 8 5 86 8 |MiamiCopper. A% A% AR N quotation: 4 man marks and with décided Increase Am International. 32 33 SI% ‘31K |MidldloStatesOll. 12% 12% 12 18%[in ‘the United States visible supply 9 9 _ 9 |MidvaleSteel..... 264 28% :6 16 |total, selling pressure on whéat be- 2% 2 24 |Minn&StL(n)... 10 10 10 10 |came urgent at times and prices gave 2% 52 2% 2% way more and more when the fact Am Locomotive, .. 9% %% 8% 3. 3 3 |became known that Argentine rains Am Safety Rasor.. 4% 4% 4% 19% 19% 19% | were 80 widespread and heavy that Am Ship & Com... 6% 6% % ™% % 29| drought damage needed no longer to Am Smelting. 3% 37 16% Montgomery 19 18% 18%be reckonéd with. Subsequently, how- AmSteel Fdy..... 25 2 2 2 [NatiCloak & Spf. 8% 80% 80% '50% |ever,-the market developed compara- ‘Am Sugar. #2% 63% | Natl Conduit...... 1 1 % % |tive -teadlnen. P!Cl‘;llle of gossip that Am Sumatra. Natl Enameling... 7 81 81 L A rorediCawantbding ar . ranged, and that considerable wet Nati Besdut. - IRnmt N weather damage had been dohe to Nevada Copper.... 1t 11% 11 11%| gheat in the shock in the northwest. NYCentral....... 1% 7% 7% 7%| Corn like wheat was bearishl®: af- NYChi&StL.... 60 6. 6 6 |fected by Canadian rallroad embar- 1% % 16%|goes and. by knowledge that the bulk 39 4% 39 9% |of the corn crop was safe from frost. North Americapf. 38% 344 $3% 33%|Oats were sustained in some degree Northern Pacific.. 78 78 7% 7% |by predictions that export demand Ohio Body & Blow. 10 10 10 10 |was about to improve. Oklahoma Prod. s+ 1% 1% 1%| Provisions developed weakness in Barnsdall (B) Orpheum Clrcuit D% 19% . 1% | conmection with; eaatern: sclling of Beth Steel (B).... 55% 65% 54% 64% | Pacific Oll. 3% 5% 8% 2 2 Bklyn Rapid Trn.. 9% 9% 9% 9%|Pan-Am Pete 62K K B0% K14 —_— Burns Bros. 971 @ 9% 9 |Pan-AmPete(B). 4 49 48 8% DIVIDENDS DECLARED. ButteCopper..... &% 4% 44 4k)Parish & Bingham 10 10% 0% W% R ‘Butte & Superior.. 13% 14% 13% 14%|Pennsylvania..... 3 - T Penn Seabd Steel.. 11% 1% 3% 1k | SorB5y, pr, . Py Pl shie. of recora, California ol People’s Gas. .. [ 83 ) 51 !Bk of Manha [} Oct. 1 Sep, 22 Canadian Pacific. 12 Pere Marquette... 19% 19% 18% 19% | Kautman Dy 8t pis175 Oct.’ 1 Sep. 20 Case Plow Works. 4% 4% 4% 4% |PhilaCompany... 8% 20 8% 29 |Natl k& Co...3250 Oct. 13 Sep. 30 Central Leather. .. 28% 28% 8% 28% | Pierce-Arrow..... 'ty 12% 12% 12% | Torsington Go.. . 5 Oct. 1_Sep.22 Central Leather pf 65 65 6 65 |Pierce-Arrow pf.. 26' 26% 26% 2% :. CentRROfNJ... 199 19 19 1% |PittsCoal.. 6% 68% 68% 8% Cerro de Pasco. ... 26% :6% 6% 6% |Pond Creek Coal.. W% 1% M% M% > Chandler Motor... 47 & 46% 46% |Pressed StiCarpf. 85 85 8 8 ChiGreat Wpf.... 16% 16% 16% /% 285 2% 2% 1rs rus Chi Mil & St Paul. 6% 5% 26% 25% . % 2% % ChiMil & StPpf.. 39% 39% 9% 39% | Railway StlSpr... 85 & 8 Chi & Northwn. 67 6 6 |RayConCopper... 12% 1% 12i 18% ChiRI&Pacific.. $3% 33% 33% 8:% | Reading. .. 0% UK 0% T otes 3 ChiRI&P6%pf.. 66 65 66 66 |ReplIron&Steel.. 63% B83% (2 62 ChiRI&P7%Df.. 7% 7T6% 76% 76% | RepMotorTruck.. 9 9 8 9 : Chile Copper. un 1% 10% 11 [ Royal Dutch. . 49 L) “% 49 —offer the ideal small or large Chino Copper. ... #3% :8w -3% 3% [StL&SanFran... 2% 2% % 3% () G0 e ™ Great numbers Coca-Cola ~#5% 6% StLouisSouthwn. 25 25 2% 2|l UVCEHMCE BTEEL Colo Fuel. 4% 2% 24% | St Louis Sown pf.. Hou u invest all of their surplus Columbia Gas. . &7 & $74|Seaboard AL pf. 100 10% 10%|] funds in these high-class notes. Columbia Graph.. 4% 4% 4% 4% | Sears Roebuck.... 6% 69 - 65 o Cons Distributors. 1 1 % _%|Seneca Copper. <« 1 1% 1%|| Safety Plus High Interest Cons Textile. 18% 18% 18 18 |ShellTrad& Tran. 85 35 8 % B 75 % Corn Products. 4% % 74 |SinclairOil.. 8 Paying 7 per cent interest, 26w %6 26 |Sloss-Sheffield. 3 with highest degree of safety, 6% 6% 624 | Southern Paciflc these notes are most attrac- Cuban-Am Sugar. 13% 13% 13% 13% | Southern Railwa tive. CubaCaneSupf.. 20 20 19% 19%|Stand OiINJpf. Del & Hudson.....101 101 11 101 |Stromberg Carb... : A Del Lack & Wstn..107 107% 107 107% | Studebaker. . - Dome Mines. ... 17% 1% 17%|Submarine Boat... % 4% 4% 4% o Endicott-Johnson. 65% 6% 641 65 | Superior Oil. % N e % 13% 13t 13% | Superior Steel.... 2% 2% 2% 2% Buy any amount—we attend Erie 1st pf 19% 19% 19% | TexasCompany... 35% 35% 6% 8% || to all details. You may also Famous'Players. Bo% 65% b65% | Texas & Pacific... 22 % 92l 29 inspect the property that se- Fisher Body 85% 86% 854 | Texas & PC & Oil. 19% l::: "&: hh cures your funds, if you desire. Fisk Rubber. 10 10 10 |Third Avenue..... 1% 16% 15% 16 Freeport Texas... 13% Is% 14 1% | TobaccoProd e e e (esw!] Allan E. Walker & Co. Gen Asphalt Union Pacific......120% 120% 120% 1204 s Gen Electric United Fruit. ... 10% 109% 1o8% 105% - en Motors. United Retail Strs. 64% 54% 5% 63% Sth ¢ W, : S MotTmdeb. . 1% s % T%|USFoodProd.... 1% 1% 1 I SISO WO Mainf 20 Great Northern pf. 76% 76% 75% 7% | USIndus Alcohol. 8% 8% 47% 48 Great NorOre..... 2% 8% 8% :8%|USRubber....... 43% 4% d48% 49% Gulf States Steel.. 39% 3% 3$9% 9% (USRubberlstpf. 87 & & & Haskell & Barker. 8% 8% 8% b68% | USSteel.... 5 5 8% Houston Oil . 81 61 0% 60%|USSteelpt... Hlinois Cent: % %% 9% | Utah Copper. 50 Indiahoma. . 2% % %[ VanadiumCorp... 33% 33% 2% 3% Inspiration. 3 34 34 |Vivadou. 8% 8. 8 84 Interboro Metro... #% 2% :% 2% | Wabash p: L% 2% W% 20K InterboroMetpf.. 7% 7% 64 7% WhiteOil......... 8 8 8 ~8 Intl Agrl Chem pf. 39% 39% 39% 9% | Wilson Company.. 35% 6% 8% 86% Intl Harvester.... 80% 80% 80% 8% | Willys-Overland.. 6% 6% 6% 6 Intl Mer Marine pf 45% 45% 45% 46% | Willys-Ovld pf.... 28} 28% 28% 28% s 1 N e HOURLY SALES OF STOCKS. IntiNickel....... 4% 1% 16 14 | 1lam.... 1640 12m.....2550% A ——————————————————————————————————————————————————— TODAY’S BOND PRICES . Closing prices reported to The Star over direct SHORT-TERM SECURITIES. New York-Washington wire by Redmond & Co. (Eegorted by Redmond & Co.), City of Paris 6s 1921 90 15-16 =5 Government of 5 er] 21 Kingdom of Belgium 7 102% | American Thread Co. 6s 1928.. o7 THURSDAY United Kingdom 53gs 192 99% | Amer can T s 1 Some of your incomo should go into United K:ngdom 5348 1922 98% | American Tobaceo Ts 1823.. 100! 01 our 12% participating plan. In —Sus- United Kingdom 5Ys 1929. 9% | Anaconda Copper 6s 1929.. . 89N 89% . Hice to yourself and your dependents United Kingdom 514s 1937. 8914 | Anglo-American Oil 73%s 1925.. 101 101% you should know all about it. % American Tel. and Tel. conv. l;:}_{‘h jAmmoyr & Co. 1'- _}wl. z g% 13“‘ - atlnn on us or write for full informa- Co. 4%s. . ethlehem Steel s : . m‘:‘m. nfi:k: i Tethichem Stesl 7o 1085 3% 90y Stock Exdnlnge sm-t, Atlantic Coast Line 7s. Canadian Pacific s 192: 98 88y = Atlantié Refining Co. 6! Central Argentine 6s 1 . 8 & | Corporation Atlas Powder Co. Tis 1934 Chicago, & Pacific 6s 1922, 98% 0y { Baltimore and Ohio conv. 4143 TR G C e b g D8 88 “SESCO” Baithmore and Onio 8. 1. Div. 3t 3% | Copper Export 1 : NM"' 'l.-rlkm;'x" Bethlehem Steel refd. 5s. Copper Export Wi om, D. . Burlington (N P.G. N. Govner Bopm el Main 948 Conteal Leathe Cudaby Packing Co. High-Class Representation Central 6% | B. F. Goodrich Tn 102 anted Chesapeake and Oh’o conv. 4% 9% Full or Part-Time Engagements. Chesapeake and Ohlo gen. 4%gs. 4 Chesapeake and Obio cov. 3s... i€ TR Kennecott Copper 78 | ‘ Rt § s il HoT mble 7s 192 € = Sears, Rovpack & Co. 33" i3 Over e | Delaware and Hudson 7s 1930. Sears, Roebuck & Co. 7n 1222, Quarter Sears, Roebuck & Co. 7s 1923, o’ Somhien Salles 0, 5% i uthwestern s 1925, Swift & Co. 7s 1925. Century Swift & Co. 7s 1831. ., Texan Co. % 00 Without International Mercan Union Tank Car Co.. Inter. Rapid Transit 1st and ref. bs. 4% | Western Electric 7s 1925, al Louisville and Nashville 7s 1930. . 105 Westinghouse E. & M. Missouri, Kansas and Texas 1st 4 63% ki ke e de = o Contea 7a 1000, 128 | LIBERTY BOND CLOSING PRICES. > N ntral 7s . N 5 . Now You Conimar aei %6% | NEW YORK, September 17.—Libert; Fifteen Reasons Why New York Telephone 6s. ?lg% Dds cloded: z‘;‘:“‘ sfi,". C'ITIrnt ”Y = ootk 220 Wostorn cour. & UGy | 89.08: second 4s, 43.40 bid; first 4% You Should Invest in N thern Pacific 4s. . second 8, .| third 4%s, 3 Packard Motor Car Co. 97 192.84: fourth 4%s, 89.20; victory 3%s, Our First Mortgages Penneylvania Ge 1063, ... oo 100% | 99.04: victory 4%s, 99.04 Pennsylvania R. 101 R Nine The trouble with speculating is that while you make profits at times that are pleasing you make losses at cther times, and in the long run you are generally worse off than if you had made neither, but had kept your principal undis- turbed and received regular interest payments on it. 1t is strange what a fascina- tion there is in trying to buy cheap and- sell dear, and ‘how tame it seems to many people not to see their principal going up or down, but only prodic- ing interest—and without any ‘WOrry. B. F. SAUL CO. Mortgage Loans . 934 N. Y. Ave. N.W. N RELIABLE There is noiplace liable .information or 182 —is absolutely essential as a basis for proper selection of First Trust Notes for investment. offered by our organization. NEW ' YORK, September 17.—Direc- tors of the Guaranty Trust Comj d whose resources exceed those of any similar institution in the United States, yesterday announced a reduction from S.per cent to 3 per cent in the quar- terly dividend, ending- September 30. In a statement to stockholders the directors mentioned losses suffered in Latin American ventures, “where the shrinkage of the value of customers’ loans due to the unprecedented fall in the price of commodities and the fluctu- l.:l;nu in exchange have been exces- sive.” is common knowledge that losses were suffered by the Guaranty Com- pany in dealings with the Mercantile Bank of the Americas, whose financial rehabilitation is now being undertaken by a committee of bankers. The statement also declared that the company has set up large extraordinary reserves, these being .charged against the surplus and undivided profits which, with capital, amount to slightly over $41,000,000. 2 A _prominent director of the company | confirmed the statement that all losses incurred in the readjustment period of the last few years had been ‘*‘written off,” and said that any ‘salvage from such bad debts would be counted as clear gain.” TERMINAL COMMERCIAL AND SAVINGS BANK, At Washington, in the District of Columbia, at the close of business September 6, 1021. RESOURCES. 1. a Loans and dis- counts, including rediscounts _(ex- cept those shown in'b and c). Total loans . Overdrafts, secured, nsecured, $517.96. aBonds, securi: ties, ete., other Total bonds, se- curities, etc. other than U. Banking house Furniture and . a Due from tional banks. ‘e Due fros other bank: Cakh o vault Other assets Total ... ona =R LIABILITIES. Capital stock pald | urplus fund Cushier's chec Demand deposits (depoxits piy able within 30 days): 27" and Time depos p: i 30 days, or subject to 30 \ lays’ or more notice): . *Cert'ticates of deposit (other i than for money borrowed).. 3.904.60 Other time d 9.348.50 leposits R otal of time deposits. items 29, 30, 31 and 32 36. Liabilit above stated 88 . City of Washington, ss.; he ‘olumbi Y THOMPSq cashier of t SIDNE' above-named bank, do solemuly swear that the ON. ve statement Is true to the best of my knowledge and belief. SID; THOMPSON, Cashier. Stbscribed and sworn to before me this 15th day of September, 1921. ~ (Seal.) JAMES P. KERNAN, Notary Public. Correct—Attest: JOHN BROSNAN, Jr., C. A. PFAl CHAS. H. LOCKWOOD, ACHILLE E. BURKLIN, C. M. TOWERS, Directors. ‘REPORT OF THE CONDITION SEVENTH STREE1 SAVINGS BANK. At Washington, in the District of Columbia, at the close of business September 6, 1921 RESOURCES. aLoais and discounts, includ- ing 1ediscounts (except those shown in b and ¢)...... . Overdrafts, secured, $72. ‘unsec 3.U. 8. govermment secarities owned: $764,482.58 76.54 a Pledged . $53,000.00 H ‘;’npl'dlfi‘. E '850.00 ar savings cer- tificates and thrift stamps... 1.082.20 1 54.032.20 anking lLouse . ‘urniture and fixtures. Due from national banks, Exchange for clearing hou ‘hecks and other cash item pei and taxes pai Certified checks Cashier’s chec] Demand deposits (deposits pay- ‘abl> within 30 days): Individual deposits subject te check ..... ceeaon Certiticates of deposit due in less than 30 days (other than for money_borrowed] Dividends un Total deman 26, 2 2 -$533,453.10 Time deposits (payable after 30 daye, or sublect to 30 29. ) 30, 31 and, 32.3642,656.25 Bills payable, including certifi- cates of deposit represent- ing money borrowed Total . District cf Columbia, City of 1, JOBN D. HOWAHD, sbove-pamed bank, do solemnly swear that above lh(tm:!‘beilleflm to. the kuowledge an . J. D. HOWARD, Treasurer. Subscribed and sworn to before me this 15th day of September, 1921. (8eal.) Jflunl’o. COON, f ‘Washington, treasurer of the best of my ER™17," 1991_PART 27> HEAT |QUARTERLY DIVIDEND CUT |IRREGULAR:GAINS SEEN IN MARKET PAST WEEK NEW ¥ORK, - September- 17.—The_ stock market -added more or less irregulariy- this week to its gains of the previous fortnight on a pro- nounced increase of operations. This also extended to the bond list, where liberty issues were in especial de- :nand. with .various new underwrit- e gs. = Dealings in stocks were preponder- antly professional,” however, there be- ing only ..occasional . indications of REFORT OF THE CONDITION . HAMILTON . ° SAVINGS BANK, At Washington, in the District of Coluinbia, af the close of business September 6, 1921. 1 counts (except ¢l uet: d Notes and discounted Overdrafts, unsecared . U. 8. governmesat Unpledged ¢ Unp) i d War savings certifi- cates m thrift “ampe 483.32 Total U. 8. govern- ment secarities. $1,138.32 securities, other tlmn .° 8., including Ppremium on same...$186.154.44 4. a Bonds, ete. . . Etchanges for clearing Checks and other cash ite ash in vault Other — Protest account 5 Auxiliary savings Interest ‘earned: Teller’s shorts < Difference between items 172 and 170 Total LIABILITIES. . Capital stock paid i Surplus fund Undivided profits. b Less current penses, interest and taxes paid . Certified checks . Casbler’s checl Demand deposits (d 23. Individual deposits subject to able within 30 chee e St 1% o1,115.04] 2. Tndividual de 24. Certific leposi t check less than 30 days (other than 26. Deposits for woney borrowed) 826.39 less tI Deposits requiring notice, but Total de leas than 30 da: . 4430175 a, 3, 2, To and 28" 3560, Time deposi (payable after 30 days, or subject to 30 days’ (other e deposits., Total of time d:;:lll, iteme 30, 31 and 32........$9§ Bills payable, including. certifi- cates of deposit tin, money borrowed Linbilities -~ other in, Teller’s overs Total . 37. Liabilities for rediscounts. 9. Digtrict of Columbla. City of Washingtee. os.: 1, Ci KLOFF. cashier of the above- named . do solemnly swear that the above atement is true to the best of my knowl and belief. CHAS. C. ECKLOFF, Cashier. 1921. WIN L FRANZONI, Notary Public, D.’C. My Commission Expires June 21, 1926. Correct—Atest: _ E. 'W. BRADFORD, W. A “JOHNSTON, MARK STEARMAS, B o ‘Directors. REPORT CONDITION DUPONT NATIONAL BANK, e At Washington, D. C., at the close of busi- ness on September 6, 1921. cept those shown inband ¢).,... Total lonns ..."$1,806,306.29 2. Overdratts, secured, $522.53; unsecured, $55.50. Sovernin ,305,395.29 578.08 (U. 8. bouds par valoe) ........ DAl other United States 30,493.85 $200,000.00 mient” sechrities. 230.493.85 32,000.07 100,755.69 15,1745 102,608.02 bankers and trust companies in the United States (other than included in itemp 8, ® or 10) Exc 12. s for c house... 57,829.47 18, Checks on other in_the same city or town as ing"bank (other than lue 494038 fund ' wi and doe from U. treasurer ............ 10,000.00 Other assets— Accrued interest on bonds.. 456.16 items in traosit .. 5,653.96 Due from f 225. 7. 18 1. a «casiifer of the above-. swear that the sbove. statement is_true to of my edge and L. E. SCHREINEE, Cashler. sworn to 921, R. L. SCHREINER, oot A w. before me this 18th ] "7 WINANCIAL. S public interest. This came maialy from western and southern centers, ‘Wwhere sentiment was stimulated by the higher prices obtaining for com- modities. Money ‘was of freer supply, not only commerce:>and industry were zlmost unanimous in their statements of in- creased activity. -Most of the steel i mills_enlarged their production, and | for the first time in months. higher prices were quoted for finished ma- on call, but for most forms of ac- commodations, including merchants’ paper. Rates were inclined to ease, ! terials. 3 Equipment, motor._and textile con- cerns also reported marked expan- sion of operations, and merchandising in many wholesale lines was on a larger and more diversificd scale than in the corresponding period of 1920, 4na in cases where prime collateral was offered concessions of 1 per cent were made. Advyjces from leading sources of | Do You Know the Full Earning " Power of Your Dollars? The Profitable Business of the NATIONAL MORTGAGE and INVESTMENT CORPORATION, Which Is Man- anaged by Conservative and Experienced Wash- ington Men, Assures Beyond Any Reasonable Doubt SAFETY OF INVESTMENT FUNDS, WITH FULL EARNING POWER OFFICERS AND DIRECTORS H. Rozier Dulany L. E. Breuninger PRESIDENT VICE PRESIDENT William D. West L. Kemp Duval TREASURER SECRETARY Appleton P. Clark, Jr. Harry C. Birge C.S. Taylor Burke, Fred T. Dubois H. Prescott Gatley Thomas Bones Harry A. Kite Frank J. Hughes James A. Bailey A portion of the Stock of the National Mortgage & Investment Corporation is being offered at the same price paid by the officers and directors. Subsecriptions are received by the Hughes Finance Corpo tion, 1418 Eye St. N.W. Phones, Main 333 and X34 Are You Drifting? Are you just drifting along, dreaming of the timie N ot when you will begin to make a few investments Every surplus dol'ar that you save should be put to work. Our First Mortgage Notes on improved Wash- ington, D. C., property is the paramount investment. Notes are 1séued in denominations ranging from $10 to $100,000. TSR SIS ¥ Swartzell, Rheem & Hensey Co. - j 727 15th Street N.W. Washington, D. C. ‘The Nation’s Home Town 52 Years Without Loss to an Investor FOREIGN EXCHANGE | Cable Transfers | . Foreign Bonds Chec';s Foreign Currencies WE MAINTAIN OUR OWN ACCOUNTS QBROAD The DUPONT NATIONAL BANK | Connecticut Avenue at Dupont Circle Franklin 4424 I REPORT OF CONDITION DISTRICT NATIONAL BANK in the District of Columbia. at the close of btusiness on AtSWashingion e September 6, 1921. RESOURCES. =4 a Loans and discounts, including rediscounts (ex-. 1. & LoaDt those shown in'b and c) $4.735,459. uct: dnergov.u and, bills rediscounted with federal reserve bank (other than bank acceptances sold) 1 $503,860.58 503,860.88 2. Overdrafts, secured, $65.15: unsecured, $739. 4. U. S: government securities owned: 2 Deposited to secure circulation (U. S. bonds, par e value) b All other Ta!:l . . Other bonds, s . Banking house, furniture and fixtures Real estate owned other than banking house. Lawful reserve with federal reserve bank $503.000.00 1.322,396.00 1,825,396.00 283.105.45 . Cash in vault and amount d TO! . Amount due from banks, bankers and trust compan United States (other than included in items §, 9 or es for clearing house Checks on other banks in the same city or bank (other than item 12) B Total of items 9, 10, 11, 12 and 13 . $882, .. Checks gn banks located outside of city or town of reportin bank and other cash items : 5500000.00" 17. Capital stock paid in . 0000000 18. Surplus fund .. 19. Undivided profits . $99,442.14 ¢ Less current expenses, interest and taxes paid. f Columbia. city of Washington, Dl L. OFFUTT, Jr., cashier of the above-named bank, do solémnly swear that the above stutement is true to the best of my knowledge and H. L. OFFUTT. Jr., Cashier. ef. and sworn to before me this 15th day of September, 1921. e ALEXANDER R. VARELA, Notary Public. LA fund rved for terest. o ccrued Less current ex. s rrect—Af farREChEn. 5 merest 20. Circulating notes outstanding " oot B Waters, Rodger O'Hanon, o ixes paid. 15,3053 31, Amount due to federal reserve banik (deferred credits) : r ———— 28.381.19{ 22" Amount due to national ban! At oy, Chas’ 8 Suobe® |20, Circulating notes outstanding. 195,700.00| 23~ Amount due to state banks, AlexeHPHLL: & . Thomas, {28 Amount due to etate banks the United States and foreign countries (other than in- K S Mimion, JoW. Grege ™ E; cinded In items 21 or 22) 3 W. T o counntries 24. Certified checks ou ng ... PA i T S o % O 190,808.88| 25, Cashier's checks on_own bank outstanding : 2 Dlree 24. Certified 98625 "~ Total of items 21, 22, 23, 24 and 25. mand deposits (other than bank depos B rve (depusits pavable within 30 days) AT 26. Individual deposits subject to check . 3.213,260.32 28, State, county or. other municipal d of assets of this bank 113,695 30. Dividends unpaid . 2 242 Total of de blnql: df'_&osl(:z i Vo R eeics .. 5332798 © 1.04.30085)| Time deposits yable afier 30 days, or = suhject to 30 days’ or more notice, and- portal savines 3 : 32. Certificates of depoit (other than for money borrowed) . ... 235.831.20 33. State, county or other municipal deposits secure: ¥ pledge o! INFORMATION assets of this bank 2 i/34. Other time deposits .. :35. Postal savings d l»‘ ©" " “Total of time | 32,38, 34 and 35,0 ‘than for money” 054.20{ 37. U 8. government securities | ook fume deportts mdke 39, Bills payable, other than with federal to items 33, 34 all obligations representing money borrowed other th: that you can get more re- IR e % e T assgunan i 1 ; . Bills payable wi ,000. surcriinvestmentsithan are samss! 4s; Liabilities other than those above stated: I ; 2 '252.18 clearing house banks, account returned items. ... ... e 6.693.21 l e A A S e e reelereennee.. $8,273,014.69 M rrect—Attest: o ® ROBT. N. HARPER, - -~ A. P. CRENSHAW, SIDNEY WEST, a~ .' C. C. ROGERS, H. L. OFFUTT, Jr., G " Directormy ™