Evening Star Newspaper, September 26, 1921, Page 19

-t * ‘Davis Daly. Dominion Oii ¢ FINANCIAL.” LOCAL SECURITIS ' SLORE ADVANGES -Public Utility Bonds and . Stocks Favored—Gas Shares Higher. BY L A. FLEMING. Although the volume of business|am Druggists transacted on the local Stock Ex- change was not especially large, the sevsion was interesting and prices, especially for the securities of the public utility corporations traded in. again displayed good strength. Washington Gas was the feature in the matter of strength, one ten-share lot being reported sold, but the price was 47, four points up over the cur- rent price at the opening of last week. Rallway preferred also displayed more strength and on a sale of a quotation lot, 25 shares, moved up to §9. There was a good demand for Poto- mac Electric consolidated 5s, with total sales of $10,000 at one price, 38%. The general 6s of the same corporation were firmer at 97. Thirty shares of Commercial Na- tional Bank stock sold at 167% (o 67. Clearings. Clearings of New York banks still show heavy losses, Philadelphia run- ning about $7,000,000 short of :usl ost year's record .and Baltimore $10,790,811 on Saturday. On September 21, Richmond, Dallas. Atlanta and Minneapolis were bor- rowing banks from other federal ‘reserve reglonals to the extent of 366,376,000, with Richmond a borrow- er to the tune of $24.728,000 and Dallas Both banks, have made $18,266,000. slight deductions, but Atlanta has in- creased its loans mnearly $4.000.000. Minneapolis has cut off $2,000,000 of its loans. The Pullman company earnings for the fiscal year ended July 31. 1921, show a surplus after taxes an charges equeal to $5.10 ' share on the capital stock as compared with $10. a share in the previous fiscal year. The depreciation charge was, contrary to general practice in these d: heavy, $6,267,339, as compared Wit no_depreciation in 1919-20. There was a deficit of $3.478,836 ter charges and the full year's div dend. The company has assets of $163.- 248,989.0f which $20,000,000 is in cash. It has $8,373,181 in securities and by bills receivable of $9,849,281. Peansylvania Earnings. Pennsylvania Railroad for August shows an increase of $8,752.848. and a decrease in operating expenses of 310,818,811, Net operating revenue increased $32,065,963. Pernonal Mention. John Joy Edson returned from At- lantic City this morning. John B. Larner, president of the ‘Washington Loan and Trust Compan: will be at his desk tomorrow. Francis_ W. Savage is at Hot Springs, Va. B. & 0. August Showing. The net operating revenue of the Baltimore and Ohio for the month of August was 93,441,402, made from gross earnings of $1,210,891 under; those of the same month last year and with a reduction in operating ex- penses of $9,328,406, although the comparison included $1.642,724.97 back pay applicable to the calendar years 1918-19 as a result of the increase granted by the Interstate Commerce Commission. In August, 1920 there was a deficit in net of $4,676,113. For the first eight months of 1921 the report shows railway operating revenue of $130,702,162, a decrease of $7.301,311. For the eight months the reduction in operating expenses accomplished by a saving of $20,888,704 in main- tainance of way, structures and equipment and $11,765,429 in trans- portation and other charges, a matter of $32,029,090 all told. The net revenue for the eight months was turned from a deficit of $5,554,891 in 1920 to $19, 172,888, an increase of $24,727.779. Net operating income for the eight months, $12,215,661, a gain of $23.- €59,456. —_— CURB STOCKS. Wuotations furnished by W. B. Hibbs & Co. ~12:15 p.m.—~ Bid Asked. l‘sh Open. Adams Express. Air Reduction 37 Aja3 Rubber. 2% 1 Alaska Juno 1 {Allird Chemical... 1% 0% Al 34 Allis Chalmers pf. % Am AgrChem.... 35% Am Agr Chem pf.. 6% Am Beet Sugar.... 2T% Am Bosch 35% Am Can. 2% Am Can p! 79 Am Car & Fdy.... 178 Am Cotton 0il 19% 4% Am Express. . ... 118 Am Hide & Lea pf. 5% Am Ice 51 Am Ice pf. o 6 Am International. 33 Am Locomotive... 9% Am Safety Razor.. 4 Am Ship & Com 6% Am Smelting. e Am Steel Fdy 25% | Am Sugar 61% Am Sugar pf. 85 Am Sumatra. % Am Tel & Teleg. .. 1014 Am Tobacco 125% Am Watr W 1st pf Am Woolen Am Writitg Pr pf. 23% Am Zinc & Lead... 8% Am Zinc & Ld pf.. 2T's 3% Asso Dry G 1st pf. Atchison. Atchison pt Atlanta Bir 2 Atlantic Fruit Co. Atlantic Gulf Atlantic Ref pf Baldwin Loco. Baldwin Loco pf. Baito & Ohio. Balto & Ohio pt. Beth Steel (B). Beth Steel 7% pf . Beth Steel 8% pt. Booth Fisheries. Bklyn Rapid Trn Bklyn Rap Tr ctfs. Burns Bros. .. Butte Copper Butte & Superior Caddo Oi California Pckg. California Petrol. Canadlan Pacific Central Leather. Central Leather p! CentRRof N J Cerro de Pasc: “ertain-Teed. Chandler Motor. Ches & Ohio Chi Great Westn Chi Great W pf. Ch1 Mil & St Paul. Chi Mil & St P pt Chi & Northwn Chi & Northwn pf. Chi R 1 & Pacific. Chi R 1& P 6% pt ChiR1& P 1% pt Chile Copper. Chino Copper CCC & St Louis. | Coca-Cola. Colo Fuel. Colo & Southern. . Colo & Southn lst. Columbia Gas. Columbia Graph. . Cons Gas of N Y Cons Intl Cal Min. Cons Texsile. Cont Can. Corn Products. Corn Products pt Cosden & Co. Crucible Steel Cuban-Am Sugar. Cuba Cane Sugar Cuba Cane Su pf. . Davidson Chem. Del & Hudson. Del Lack & Wstn Dome Mines. Endicott-Johnson. | Erie. Erie 15t pt Famous Pl Fisk Rubber. Gen Asphalt. Gen Cigar. .. Gen Electric. Gen Motors. Gen Motors pf.. Gen Mot £% deb Granby Consol Gray & Davis. Great Nor Ore. Greene-Canane; Gulf States Steel Haskell & Barker. Houston Oil 5 Hupp Motors. Illinois Central Indiahoma. Inspiration. Interboro Metro. Interboro Met p: Intl Agr Chem. , | Intl Harvester. ] S Durant Motors W 3 s;g&?:&;p;g&s:ui‘?uu Radio ptd. . tay Hercules Ryan Consolidated . Salt Creek Produci Salt Creek (new) pulpa_ com. Nimms Petrol Rkelly Ol ...... Southern Coal and Iron Sweets Co. of Americ Switt International ‘Tonopah Divide .. Tonopah _Extension United Eastern . Light and Heat com. S. Light and Heat ptd. ited Profit Sharing . 5. Snip Corporation NEW LOW MARK RECORD.’ NEW YORK, September 26.—Ger- man marks made another new low recqrd today. Preliminary quota- flfi. varied from 0.875 to 0.88 cents each. BAR SILVER QUOTATIONS. NEW YORK, September 26.—For- eign bar silver, 68%. Mexican dol- lars, 52%. LO] N, September 26.—Bar sil- ver, 41%d per ounce. Money, 3% per cent. Discount rates: Short bills. 4 per cent; three-month bills, 4lpatly per cent. | Intl Harvester pf. Intl Mer Marine. Intl Mer Marine pt Intl Motor Truck Intl Nickel. Intl Paper Invincible Oil Island Oil...... Jewel Tea. .. Jewel Tea pf. Jones Tea Kansas City Sou. Kansas C Sou pf.. Kayser (Julius) Kelly-Spring Tire. Kelly-Spr 6% pf. Kelly-Spr 8% pf. Kelsey Wheel. Kelsey Wheel p Kennecott. Keystone Tire. | Kresge (88). . Lackawanna Stee Lehigh Valley. Liggett & Myers. Liggett & Myrs pf. Loews Inc. Loft Inc Loose-Wiles. Louis & Nash Manati Sugar Manhattan Elev.. Mexican Pete Miami Copper. Midldle States Oil. |MinnStP&SSM. Mo Kan & Tex. Mo Pacific Mo Pacific pf. Natl Biscuit Natl Rys of Nevada Copper. New Or Tex & M. . N Y Central. . NYNH & Hart. N Y Ont & West Norfolk & Westrn. Northern Pacific. Nunnally Co. Oklahoma Prod. Ontario Silver.... Orpheum Circuit. Otis Steel. Pac Development Pac Gas & Elec PacificOil. .. Pan-Am Pete Pan-Am Pete Pennsylvania. Penn Seabd Steel. . People's Gas. Pere Marquette Phillips Petroleum Plerce-Arrow. Plerce-Arrow pf. Pierce Oil Plerce Oil Pitts Coal Pitts& WVa..... Pitts & W Va pf. Pressed Steel Car. Pullman Co PureOll..... Railway Stl Spr Rand Mines. .. Railway Securities. Ray Con Copper. Reading. . NEW YORK STOCK EXCHANGE Received by Private Wire High. Low. Close. 4 37 8% 1 4% 0% 8% o 6% 5 g3 s EERER & i 46% i THE : EVENING STAR, WASHINGTON, D. C Direct to The Star Office. PARIS BOURSE WEAK. PARIS, September 26.—Prices were | Aze 40. weak on the bourse today. Three per cent rentes, 56 francs 25 centimes. |p, LE ROY GOFF, Imsurance Adviser 340. 51 francs 50 B Open. High. Low. ciose, | Exchange on London, r 7] eading 1stpf.... a2 @2y 42w 4w gentimes. Kive per cent foan, 81 Reading 2d pf..... 4t 48 43 43 |IPANCH 40 oomimen e ontimes. Replogle Steel...." 20% =% 2% B4 raper Pl UL ep Iron & Steel.. 53 58% 52% 624 gav ‘{Déo{ :ruck. 13 13% 13 13 ?. ey oval Dutch...... 46 45% 4% 43% St Joseph Lead.... 1% 19% 1% 12% Why, 3% whet, StL&SanFran... n% 25 2% % your money will StL&San Frpf.. %l 864 (8% 86% ¢ O | earn 7% for you g: Louis Southwn. 254 25% 24% 24% and you will en- gtLonms.-ummf . 3% 8¢ % joy Bank Safety. Saxon Motors. 2% 2% 2% Invest your sav- Qanl’u Roebuck 68 6% 6% e —— i i Seneca Copper 9% 19 19 ings in our Sinclair Of1 19% 19% 19% On Sloss-Sheffield. B 8 8 F' st Southern Pacific... 8) 8% 79% ‘79% Ir Southern Rallway. 21% o1% 21% 2% Your . Standard Mill pt. Mortga e ;:lll: I‘Nl of Cal. s . g and Oilof N J. Vi, Stand Oil N J pr. avings Notes Stromberg Carb. | eeate——— g::;,dobu‘ker.. and secure not S marine Boat... Submarimen Call, Phone | Only the safest Tenn oo or Write form of invest- TexasCr otans. Tor Our menf:. h\:( the mo‘sll Texas & Paciflc. Bookige | Profitable as well. & exaia PC&oi L 1 1%1S “Owning In denominations & Tobacco Prod pf.. a4, sw s s |5 o /mcome” | of $100 and up. |T-ansCont1OM1... ‘754" g% 7% 8 |& Transue & Witms. %6 36 38 % |m o11e i Union Bag & Papr. 61 &u &1 6% (% William S. Phllllpl Tnion OIl. ..., Unfon Paclfic!. Union Pacific n United Alloy Ste Tnited Drug. TTnited Fruit . 108 United Retail Strs. 7S Food Prod. ... 1S Tndus Alcohol. 'S Realty. 3 17S Rubber. U S Rubber 18t pf. U S Smelt & Ref. U S Steel. .. 1 U S Steel pt. Utah Copper. Securities. Vanadium Corp. Va-Car Chem. Va-Car Chem pf. Vivadou. Wabash, WabashpfA...... Wells-Fargo Exp. Western Md. .. Western Paclific. Westhse Air Brke. Waesthouse £ & M. Wheeling & LE. .. Wheeling & L E pf White Motor. White Oll. . L Wilson Company .. Willys-Overland. . Woolworth Worthington Pmp. 8% 1w aw High. Low. Last. Call Money...... AN HOURLY SALES OF STOCKS. S 1650 I12m..... 28300 L322100 2p.m....388 400 e Washinaton Stock Exchange. SALES. ington Gas 5s—$1.000 at &: 35—$1.000 $1.000 u2 1% atomac_Electric cons. $1.000 at 863 £1.000 at 861%, $1,000 at 8615 $1.000 at 97, 167% AFTER Washington Gas—10 Money—C Bid aad Asked Prices BONDS PUBLIC UTILITY. Bid. Asked. 9 88 w02 | American Tel. and Telga. 4 | American Tel. and Tel orgetown Gas lst Metropoli . Wash. Kwy. and Firat Mortgage Investments 1409 N. Y. Ave. STOCKS—BONDS—COTTON |3 UGAR — COFFEE Bought and Sold on Commis: 57 Securities and Commodities Review Free, Upon Request. A.A.Housman&Co. 20 Broad Street, New York [g MEMBERS: New York Stock Exchanxe New York Cotton Exchange New York Produce Exchange GRAIN — C Associa Assets . Surplus Systematic Saving Leads to Big Results —Make up your mind to Join the Equi- table and save a: = the way to get ahead financially. Subscriptions for the 81st Issue of Stock Being Shares, $2.50 Per Month 4 Per Cent Intevest EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, REESIDE. FRANK P. Washington Office MAIN FOOR CORRIDOR WOODWARD BUILDING Telephone Main 2040 CHARLES R. ALLEY, Mgr. EQUITABLE Co-Operative Building Association Organized 1879 41ST YEAR COMPLETED Main 98 Send Established 1865. All branches Room 610 Weedward Building. M. date of birth for fllust Assets Less Than 1c a day will provide abwolute pro- tection Tor your valuables. Rent 2.50 8 yeur up. x box now. 1336 N. Y. Ave. MONDAY. SEPTEMBER 26, 1921. $5,000 Life Policy, $57.35 over $150,000, . Oldest in Years Y . ° e oungest in Spirit In modernness of business methods and equipment as well as progressiveness of spirit The Metropolitan ranks second to none, even though it is dean of Washington’s national banks. 9 Establish relations here and do business with a bank having the facilities and experience requisite to service of 100% efficiency. el 3% Pcid on Savings National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,500,000 15th St., Opposite U. S. Treasury—107 Years Old ration ,000. Summing Up The sum total of human ex- perience in investment mat- ters is that speculative invest- ments inevitably take their toll of losses and that only such securities as First Mort- gage Notes. bought through a house of unimpeachable stand- ing, can lay claim to absolute soundness. Swartzell, Rheem & Hensey Co. 727 15th Street N. W. ‘Washington, D. C. The Natien's Hems Town 52 Years Without Loss to an Investor LOANS ON LIBERTY BONDS Bonds bought and Sold. istered or Ce 604 14th St. N.W. SAFETY | —not only a promise, but |, an established fact when you invest in | ANY men, in due course of time, reach the stage in life when they . depend upon their accumulated earnings as a means of support. But the great majority have no accumulated earnings and are dependent upon the chlrl.ty of relatives and friends. The rea- son is the optimism of youth, prompting Joseph 1. Weller Money to Loan i Becured by first deed of trust on real estate. Prevailing_interest and_commission. 420 Wash. L. & bldg.. 9th and F o.w. a man to think that he will always be able to support himself. FIRST TRUST NOTES If yours is to be an independent old zge, save and invest wisely now. Con- sider our First Mortgage Loans. Not Trast #4.303.836.65 $1,065,322.89 h p That is Recelved Pres Manage: ment The Management of Apartments Apartment Analysis Did you ever see one? not. it will prove while to investig portant phase of ment management business. An apartment analysis pu before you all shows exactly was spent on upkeep and r pairs. vested capital. This is rende ed yearly without cost to you. B. F. SAUL CO. Property Management 934 N. Y. Ave. N.W. 7% interest. Few investments could be Over a more advantageous, and we would like Quarter 0 | to explain these loans to you. of a 3 L ¥ They are in convenient denominations. Century —in your mail the day it is Experience due. | in Property worth your te this im- the apart- incomes and how all money and finally shows you the percent of income on in- INTEREST only is your investment safe, but it is also increasing your income by earning eo> H,LL.RUST- - 912-15BSTN.W. SHANNON & LUCHS 713 14th St.—Main 2345 ° ’ 1r GROWTH Is NEVER ACCIDENTAL BANK is not swept into greatness simply because times are good. If it grows, it does so because the men behind it and within it are capable of growth too. They must meet new conditions, new opporuni- ties, new responsibilities. The officers and directors of the American Security and Trust Company for many years have participated in and contributed to the business de- velopment: of Washington. During this time they have never lost sight * of the best interests of the bank and its customers. ts r- OFFICERS MISC Riggs Realty 53 (short). | Wusliington Market 5s (1 { Washington Market 5s_(1947) W. M. Cold Storage 5s... STOCKS PUBLIC_UTILITIES, American Tel. and Capital Traction . Norfolk und Wash. Stea h. Rwy. and Wash., Rwy. and El mbont. com. £ Lincoln . National Metropolitan RUST COM American Security and Tru Continental Trust ... National Savings and Tnion Trust . Washington Loan “Truy Merchant: Security Seventh Street Unlog Savings 8. U. B. Savings | Washington Mechanic FIRE I American . National Uni T Columbia _Title | Real Estate Titl Columbia Graphophoue com. Columbin Graphoplune prd. D. C. Paper, Mfg. C Merchanis’ Transfer and Storage Mergenthaler Linotype . 0ld Dutch Market com 0ld Dutch Market pfd MONEY AND EXCHANGE. NEW YORK, September 26.—For-, eign exchange, irregular. Great Britain (par_$4.86% per pound sterling, de- mand, 3.72%: cables, 3.72%; sixty-day bills ‘on banks, 3.69%. France (par | 19.3 cents per franc), demand, 7.16%; cables, 7.17. Italy (par 19.3 cents per lira), demand, 4.14; cables, 4.14%. Belgium (par 19.3 cents per franc), demand, 7.08%: cables, 7.09. Germany (par 23.8 cents per mark), demand, 0.86%: cables, 0.86%. Holland (pa 40.2 cents per guilder), demand, 31.85; cables, 31.91. Norway (par 26.8 cents| per krone), demand, 12.60. Sweden (par 26.8 cents per krone), demand, 22.00. Denmark (par 26.8 cents per | krone), demand, 17.70. Switzerland (par 19.3 cents per franc), demand, 1 Spain (par 19.3 cents per peseta), demand, 13.05. Greece (par 19.3 cents per drachma), demand, 4.88. | Argentine (par 42.44 cents per Argen- tine paper dollar), demand, 32.75. Brazil (par 32.45 cents per paper milreis), demand, 13.25. Montreal (par 100 cents per Canadian dollar), 90%. We have aon hand several .very choice First Mortgage Loans from $3,000 up to $7,500 Earning 7% Interest Also smaller amounts. Now is the time to invest and be assured of the maximum rate of return on your savings, for 3 years. A courteous service to our clients, including the managing all details. Chas. D. Sager Lean Dept. M 36 FOREIGN Checks Foreign Currencies WE MAINTAIN OUR OWN ACCOUNTS ABROAD The DUPONT NATIONAL BANK EXCHANGE Cable Transfers Foreign Bonds | Connecticut Avenue at Dupont Circle Franklin 4424 Charles J. Bell, President Vice Presidents: Corcoran Thom, Howard S. Reeside, B. F. Saul, Howard Moran Secretary: James F. Hood Treasurer: Charles E. Howe Trust Officer: Alfred B. Leet Real Estate Officer: William L. Beale cAuditor: John G. Holden Mgr. New Business Dept.: Alfred C. Flather Assistant Secretaries: Martin R. West, James C. Dulin, Jr. 7 Assistant Trust Officers: David N. Houston, T. Stanley Holland, Kenneth F. Brooks, J. Eliot Moran Assistant Treasurers: W 'iam W. Keck (Main Office), John L. Fugitt (Main Ofice), Edward E. Swan (Central Bra-ci1), Hans W. Ireland (Central Branch), Richard E. Harris (South- west Branch), Percy C. Brady (Central Branch), Harry P. White (Northe :st Branch) Assistant Auditor: John E. Benton i it 0O good salesmen will ap=- proach a prospect imme- diately want to catch him a good humor. before mealtime. They when he's In Nothing more affects a man's frame “of mind than or discomfort—of a chair. the comfort— Be sure your chairs keep your cus- tomer’s disposition at a tempera- ture that makes him more sus- ceptible to your arguments. Minnix chairs are the embodi- ment of comfort, durability. OFFICE FURNITURE —found where business succeeds 712 13th St. NN\W. beauty - and Main 1086 DIRECTORS Charles J. Bell William W. Everett G. Percy McGlue Howard S. Reeside John C. Boyd William J. Flather, Jr. Edward B. McLean B. F. Saul George W. Brown Cary T. Grayson Howard Moran James F. Shea , Albert Carry James M. Green Clarence F. Norment Charles A. Spalding Willism M. Coates Gilbert H. Grosvenor Newbold Noyes Corcoran Thom William S. Corby ~ Joseph Leiter Albert M. Read John F. Wilkins ADVISORY BOARD OF HOME SAVINGS BRANCHES William H. Burch J. P. Herrmann John H. Ruppert Alex. S. Clarke C. D. F. Kattelmann B. F. Saul Anthony Gsegler G. Percy McGlue William E. Shannon John B. Geier i William Miller James F. Shea M. G. Gibbs Howard Moran John Shughrue The Central, Northeast, and last days of each month, as well as the usual Southwest Branches of this Com- dail ing hours from 8:30 a. m. to 3 p. m. pany now remain open every Sat- If, v , ome of these dates falls on Sunday arday evening from 6 to 8 p. m. - or a bolidey, the bank is until 5:30 p. m. we dnfil noon, but the Branches are open as listed above. Al o o IInGw?any are open until 5:30 p.fi:,' nflbe first, fifteenth, sixteenth and 3% Compound Interest 2 ¢ AMERICAN ¢ SECURITY & TRUST COMPANY 15th Street at Pennsylvania Avenue HOME SAVINGS BRANCHES ‘yth Street and Massachuserts Avenue, N.W. Tghth and H Streets, N. E: 436 Seventh Street, S.W.