Evening Star Newspaper, September 28, 1921, Page 23

FINANCIAL.” TAMILTON BANK STOCK IS WANTED Es #1 Bradford, President of Irxsfltutlon, Taking Shares at Nine Dollars Each. MroBY L A. FLEMING. the Hamilton Bank has developed with- in the last few days, indeed ghe ab- sorption indicates' a change of control, although there is no available informa- tion as to the interest back of the pur- I chases of the stock, which ape being made by E. W. Bradford, president of the institution. For the past ten days there have been rumors coneerning the Hamilton Bank, as likely to be purchased and used as a branch for the Banking Trust and Mortgage Company, in process of or- zgnization, but there seems to have been a change in plans and the stock of the former < is now being accumu- lated at $9 a share, the par value being $10 a share. The Hamilton Bank has a very de- sirable location on upper 1ith street northwest, and also a branch on Tth street northwest. Loeal Securities. Extreme dullness continues to feature ! the local security market. Either loc: investors have filled their wants for t time being or are ments before investing, with the former the more probable. ‘Washington vancing to 32 and very slow. Four Assoclate Members. Yesterday afternoon the Was ton Clearing House Association ac mitted to a ¢’ membership, the | People’s and _ Savin Bank, the Anacostia Bank, Northe Savings and the Mount Vernon ings, the latter to clear through the (Commercial National and the others rough the American National. These associate memberships are in compliance with the plan of the clearing house association of having Il banks as_ecither members or as- sociate members. = Associate membership gives to these banks the privilege, indirectly, of us- ing the clearing house facilities for the clearance of daily checks, and Avoids the necessity of collection over the counter. Cutting Rates. Loaning rates are being cut quite freely in Washington. The fact that the loan market in New York is down below the us per cent rate current _in W is inducing some of the larger institutions to of- fer loans at 6 per cent and even a little lower, where rates have gen- crally been 6 to 7 per cent. Be Bank Examiner. Maloney of the Amer- fean Security and Trust Company has be; named as a national bank examiner, with headquarters in New were strong, ad- Continental Trust Dividend. The regular quarterly dividend of 1. per cent has been declared by the directors of the Continental Trust Company, pavable September 30 to shareholders of record September 25. FORD ROAD STILL GAINS. NEW YORK. September 28.—The August statement of earnings of the Detroit, Toledo and Ironton, the rai road owned and operated by Henr. Fcrd, shows an increase of $364.6 in gross income, total receipts being $763,840. Net_ operating income agnounted to $70.643, compared with ' deficit of $461,960 in the correspond- ing month last year. — e CURB STOCKS. Quotations furnished by W. B. Hibbs & Co. ~12:35 pm Bid FTER N Actna Explosives Jllied 0il Arkansax \.nmrxl Ga: Hoston u. Hostor. and Wyom Caledonia Calumer_aud "I Cities Serviee (old) Service pfd. E: & P An ‘Unusual inquiry for the shares n(‘ waiting for develop- | * | Houston Oil . | Kresee ( | Adams Express. .. Air Reduction. Ajas Rubber. Alaska Juno. I Allied Chemical. .. Am Agr Chem. Am Beet Sugar. Am Can Am Car & Fdy. . Am Cotton Oil pf.. Am Druggis 1Am Expre: Am Hide & Lea. AmIce. ... Am Ice pf Am International. Am Locomotive. 1 Am Malt . | Am Safety Razor. . Am Ship & Com. i Am Smelting. . Am Smelting pf. Am Snuff. . Am Ste@ Fdy Am Sugar.. Am Sugar pf. | Am Sumatra. | Am Tel & Teleg. Am Tobacco. ... Am W Wks 6% pf. Am Wa Wo Am Woolen Am Woolen Am Zine & Lead. Am Zinc & La pf Ann Arbor. Anaconda Art Metal Const'n.. | Assets Realzn. i Associated Oi ‘\hhlaon 1 Atlantic Atlantic Gi Atlantic Gult pt... { Atlantic Petrol | Baldwin Loco. Balto & Ohio. Ralto & Ohio pf. Rarnsdall (B). | Beth Steel (B). { Booth Fisheries. I Bklyn Rapid Trn | Bklyn Rap Tr ctfs. { Burns Bros. | Butte Copper Butte & Superior.. | California Pckg Calumet & Ariz Canadian Pacific Central Leather. . . Central Leather pf Cerro de Pasco Chandler Moto! Chi R 1 & Pacific Chile Copper. Chino Copper CCC&StLy Cluett Peabody . Coca-Cola. ... Columbia Gas. Columbia Graph. | Cons Distributors. Cons Gas of N Y. { Cons Textile. Cont Can,.. . Corn Products. | Corn Products pf.. Cosden & Co. ... i Crucible Steel. ... Cuban-Am Sugar. Cuba Cane Sugar.. Cuba Cane Su pf. Del Lack & Wstn Dome Mines. Elk Horn Coal. . { Endicott-Johnson. Erie. Erie 1f Erie 24 pf Famous Players. Famous Players pt Gen Asphalt. Gen Cigar. .. Gen Electric. Gen Motors. l Gen Mot €% Gen Mot 7% deb Great Northern pf. ! Great Nor Ore. Greene-Cananea Hupp Motors. illinois Central { Indiahoma. .. - Indian Refining. nspiration Intl Agr Chem. | Intl Agrl Chem pf. Intl Harvester. Intl Mer Marine. .. intl Mer Marine pf Intl Nickel....... intl Paper Invincible Oil sl 1K y { Kan City FtS Mem { Kelly-Spring Tire Lackawanna Steel Open. TR 107% 123% 1% 53 4% 9% Hl:l- Low. Close. Magma_Copper Maracaibo Oil . tey. . Perfection Producers and Kadio com Hercul (v Skelly Ol Scuthern, Coal au S Light and 1 8. Lignt and Heat pfd tin our Leather com. ur Leather pfd W right M 3 tional Leather | ¢ Union Carbide _— FOREIGN BONDS. L ed by W. B. Hibbs & Co. Quotations fu Prices at noot Terlin 4s. ater derlin 4 men 4Ls. ¢ ublens 4s ¢ ulogne 45, 8% P Uit 10 95 A . iy 101, 91 1014 101 ™ F 5 93, Helgian Rest. Belgian Prem, FOREIGN EXCHANGE. Tiing checks—Dollar values at noo Budapest ' | Reading 2d Df Manati Sugar Manhattan Elev. arland Oil. . Maxwell (B). Mexican Pete Miami Copper. Mididle States Oil. { Miavale Steel. :Minnan&SSA é Tex. i Mo Pacific pf. Montgomery Ward atl Acme 281 Biscuit pi- - N Y AirBrake. N Y Cedtral N Y Chi & StL. Y Dock pf. .. ¥ N H & Hart Y Ont & West North America. | North America pf. { Nortnern Pacific. . va Scotia Steel. i Ol { Orpheum Circuit. Otis Elevator. "El P: Pan-Am Pete. ... Am Pete (B) Peoplu's Gas. Pere Marquette { Phila Company | Pierce-Arrow..... Pierce-Arrow pf.. Pierce Oil. pitts Coal. | Pitts & W V. i Pullman Co. . { Punta Alegre Sug. Pure Oil. | Ratlway SO SBr { Ray Con Copper. Reading. . .- Replogle Steel. Rep Iron & St 257 Rep Iron & Stlpf.. Rep Motor Truck. ! Royal Dutch. 5t Joseph Lead. St L & San Fran. Saxon Motors Seaboard Air Line. Seaboard A L pf. Sears Roebuck. Seneca Copper-... . ! Shartuck-Arizona. | Shell Trad & Tran. Sinclair Oil. | Sloss-Sheffield. ... | Southern Pacific. . i Southern Railway. | Southern Ry pf ! Stand Oil of Cal { Phillips Petroleum 2 M JK 2% fl!( ah 16 | 8% | 1004 s DIVIDENDS DECLARED. On 5 pid ok ot 5 First 62% ecord. Allied Chemical & Dye Corp., our 18 s s R e Mortgage vings N g otes RS and secure mnot Call, Phone § Only the safest or Write | form of invest- for Our ment, but the most Booklet profitable as well. Oct. 153 “Owning In denominations RN =.m\ Income” § of $1v00 and up. Nov. 15} 5 oct. 6 oct. 155 William S. Phillips ' 3 {3 First Mortgage Investments s% | Washington Stock Exchange. {5 1409 N. Y. Ave. Main 98 § "h Wihington Gas b1 P00 at 82, 5300 i SOEESEERNCRUSERENASERTRTESESNRNTSCUSR 00 % ;,,,F.f % - $5,000 Life Policy, $57.35 Derscent. Aze 40. Send date of birth for illustration BONDS Ectablished 1865, Assets over $130,000,0 Bid and Asked Prices M. LE ROY GOFF, Insurance Adviser PUBLIC UTILITY. i Room 610 Woodward Building. 3. 340. | Bl Asked. 34% | American Tel. and Telga. 4s. 837 84 1% | Amerlean Tel. and Telga. 41 B3, o1 % | Am. Tol. and Tel. ctl: sssseng o A5 T tad e S E. H. Rollins & Sons 38% | Anacostia and Poromuc g i 6% . and P. Telephone. 5 Founded 1876 10% | Capiial Teaction Kt R 416 Woodward Bidg. 8% | i 9% | St 15‘!I| and H Streets | Washington Market 58 Capital Traction . tw 26% | 2 |B. & 0. SETS WHEAT RECORD. ! THE EVENING STAR, WASHINGTON; D. C, WEDNESDAY, SEPTEMBER. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. OIL STOCKS. Qnflnluu lnnullull by W. B. Hibbs & Co. Bid. An[lxy-Achn Dll Co. (l") . Cheseborough m‘gmmw Co. > - Stand 0il bk Continental Ol Stand OIIN J pt. & t Pipe Ling Stewart-Warner.. 25 25 . 25 Comberiand Pipe Lt Studobaker-. .. Kurekn Pipe Line.. . Submarine Boat na-Sigoal Ol Co. 0 Superior Oil O 0o Texas Company Texas & Pacific. Texas & P C & OIl. Third Averue. . Tobacco Prod. Trans Contl Ofl. Transue & Wi Unfon Oil. ... 121% | South Ponn OIL Co. 3 Southwest. Penn. Pipe’ Line Co.. Standard Oil Co. California.... Standard Ofl Co. Indian: EEapnEutibutiatn United Fruit 107% 108 107% United Retall Strs. 51% 61% 60% o9 USCastIron Ppf. 1% 4% 4% a0 u S Food Prod. 1% 1RW % H USIndus Alcohol. 4% 4% 46 46 Union Tank Lin = TS Realty: 51 51 Washington Oil Co 2 S Rubber.. ~ 49 48% U S Rubber 1. 81 8 8 ANCED. u glt'nel’t &Ref... 33 33 3% TEXAS OIL ADV, S Steel. . WICHITA FALLS, Tex., September 28.—The Texas Company today ad- | l ® STOCKS—BONDS—COTTON GRAIN — SUGAR — COFFEE Bought and Sold on Commission L& Securities and Commodities [fi Review Free, Upon Request. A.A . Housman&Co. 20 Broad Street, New York f MEMBER New York Steck Exchanss Exchange Cotton Association Washington Office MAIN FOOR CORRIDOR WOODWARD BUILDING Telephone ‘Main 2040 CHARLES R. ALLEY, Mgr. You Never Charge Off Depreciation on an Investment in First Mortgages They Mean Absolute Safety, earn 7% and require no attention Shannon & Luchs 713 14th Street Main 2345 28, - 1921, " FINANCIAL.” Local Stocks At present prices the following local stocks yield attractive returns. le. Rate, Price, Yield, . C.plhl Traction Company. ... Sll)l) 79, 871, 8.009,* : Washington Ry.&Elec.Co.,pfd. $100 52, 60 8.309,* I Washington Gas Light Company $20 189, 48 7.509,* Mergenthaler Linotype Company $100 '10% 120 Lanston Monotype Machine Co. $100 69, 73 8.339, 8.209, *Exempt from District of Columbia Intangible Tax. CRANE, PARRIS & COMPANY LOANS ON Investment Bankers 823 15th St. N.W. LIBERTY BONDS Bonds bought and Sold. Bulurm or Coupon. Liberty Bond Exchange 604 14th St. N.W. Utah Securities 8% 8% 8% vanced the price of central and north Vanadium Corp... si% 814 3% Texas crude oll 25 cents, bringing the Va-CarChem..... 30% 0% 0% new price up to $1.25 a barrel. Vivadou. DM ™ ™ . Wabash. TH TR TR 3 ‘V‘Valblas;:_ PrA. 20% 20% 20% Vells-Fargo Exp. 69% 604 59% M Loan Western Md 2d. o 16% oney to Western Pacific 2% 2% Secured b firat deed of trust on real estate. Western Union. 82% 8% 8% Prevailing inierest and commission Westhouse E & M. 45% 45% 45% Joseph I. Weller 420 Wash. L. & Trust Wheeling & L % 8% 8% bidg., 9th and F n.w. White Oil. ... TH ThH T Willys-Overland.. 6 6 6 Willys-Ovld pt. 2,, 3 We have on hand several Woolworth pf very choice First Mortgage } Worthington Pmp. ww. a4 % Loans from $3,000 up to $7,500 i Worthington (A). 73 173 1 i High. Low. Last. Earmng CallMoney...... 6 6 & HOURLY SALES OF STOCKS. 139600 12m.....230 9007 0 261000 2p.am....340 100 ———e 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 Loan Dept. M 36 923 15th bid; second 4s, 9" wcond 4 3 fourth third 43 vietory 3% N EXCHANGE. September 28.—For- eign exchange irregular. Great Brit- | ain—Demand, 3.72%; cables, 3.73; 60- day bills on banks, 3.69%. France— demand, 7.11%3; cables, 7.12. Demand, 4.1 cables, 4.10 Demand, 7.04%; cables, 7. —Demand, 0.79%; cables, 0.79%. lnll*l)(‘mdllfl‘ 32. Why 3% when your money will EQUITABLE Co-Operative Building Association Organised 1879 418T YEAR COMPLETED Assets Surplus Systematic Saving Leads to Big Results —Make up yourimind to join the Equi- tuble and save each pay 3!“-7 "That 18 the way to get ahead financially. bscriptions for the 81st Issue of Stock Being Recelved Shares, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, Presideat FRANK P. REESIDE. 8, N\ \\ .25. Denmar! —Demand. 17 xo Switzerland—Demand, 17.30. Demand, 1 (:ree(e—benland 0. Argentina—Demand, 32, Demand, 13.12 earn 7% for you and you will en- joy Bank Safety. Invest your sav- ings in our Potomac Boaton Chicago Philadelphia San Fraacisco penrer City and County of San Francisco 4ls Due Serially 1946 to 64, Incl. Price on Application Send for Descriptive Circular M-216. MISCELLANEOUS. Riggs Realty 5s (sl 94 Shington Market oa (1017) 3. Cold” Storage,5s. STOCKS PUBLIC_UTILITIES, 20d Telga. 10 merican s ||| The Connecticut Mutual 5 “ il Life Insurance Company g 188 | —has returned to its policy- bi holders more .money than it has received from them in premiums, a record unique among Life Insurance com- panies. It offers a thorough Edu- cational Course to its Repre- sentatives. E.D. Sampson, Gen. Agt. 1125 Woodward Building Wasbington TRUST C American Security and "Tru Continental Trust Nationul Savings a Union T Washington Loan and Tr S SAV Commerce and Sav East Was} ~ Will Sell $1950 First Trust | 6% note, payable $25, ). New house by wubntbs. or address fim;rl(-ln 0 over a Hngton C ?’,. coran 18 Qu?rter remen E National Union % C:nt:ry Columbia Title A 73 Real Estate Title i in the % Insarance Columbia Graphopl Business - D. C. Paper M. Merchants® Trn Mergenthaler Linotype - ©0la Duteb Market com. Ol Dutch Market prd: L .Everything‘ Going Cut, Nothing' Coming in BALTIMORE, September 28.—A new ! record for rapid transportation of |- Canadian wheat from Buffalo to Bal-| timore was made by -the Baltimore | and Ohio railroad Monday, when the ! steamship Vardulia clamped.down her y hatches upon a cargo of 34,000 bushels. Within less than three days the wheat, transshipped from the steamships at Buffalo to the New York Central lines, | later {0 Philadelphia and Reading and turned over to the Baltimore and Ohio| at Philadelphia, was placed directly from cars into the Vardulia. The total shipment in the movement embraced 56,000 bushels, comprising lorty-one| That's vour situation if you have an autothobile aceidént and have no liability insurance. You have te pay your hard- earned dollars to a lawyer td protect you. You have to draw on your bank balance to meet the dnmlze award. Pay a_few dollars for pro- tection today, rather than a much larger sum for damages | tomorTow. carloads. NEW HIGH FOR BAR SILVER. NEW YORK, September 28.—The 6% 8% 19% b 8% 0% 20% 6% ~ 46% 2% 2% 19% price of commercial bar sflver reach-, ed a new high point for the year yes-; terday when it rose to 71% cents, an‘ advance of 3 cents over the closing! quotation Monday. The advance is ascribed largely to curtailment of copper production, of which silver is a by-product. and the absorption b the United States Treasury of the en- tire American silver production. B. F. SAUL CO. Automobile Insurance 934 N. Y. Ave. N.W. FOR SALE Citizens’ Saving Bank Stock $13.00 Per Share - Address Box 6-8, Star office. New Issue . ENS II\I’*&S BANK l.ess Than 1c a day wil* provide absolute pro- tection for your valuables. Rent a box now. $2.50 & year up. 1336 N. Y. Ave. Telephone Main 593 INDEPENDENCE 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 charity of relatives and friends. The rea- son is the optimism of youth, prompting a man to think that he will always be able to support himself. If yours is to be an independent old age, save and invest wisely now. Con- sider our First Mortgage Loans. Not only is your investrnent safe, but it is also increasing your income by earning 7% interest. Few investments could be more advantageous, and we would like to explain these loans to you. They are in convenient denominations. -+ H,L,RUST: - 912~15TST.N.W. $50,000,000 Dated October 1, 1921 GOVERNMENT OF THE ARGENTINE NATION Two-Year 7% Treasury Gold Notes Due October 1, 1923 Interest payable April 1 and October 1 Principal and interest payable in United States gold dollars in New York at the offices of The Chase National Bank and Blair & Co. Coupon Notes in denomination of 81.060 Exempt from all present or future Argentine taxes DIRECT OBLIGATION: These Notes are to be the direct obligation of the Argentine Gov- -ernment and will be issued in accordance with Laws No. 8889 and 9468. NATIONAL FUNDED DEBT: We are advised that the national funded debt, both ex- ternal and internal, on December 31, 1920, was approximately $533,000,000, equal to about $63 per capita. FOREIGN TRADE: Argentine leads all South American countries in the volume of foreign trade; the published statistics show the following npprommate comparison expressed in round numbers: Exports Imports Total. Excess of Exports 1920 $971,000,000 $995,000,000 $773,000,000 824,000,000 1,795,000,000 1,628,000,000 1,256,000,000 147,000,000 362,000,000 1919 1918 1917 $531,000,000 367,000,000 898,000,000 164,000,000 633,000,000 483,000,000 290,000,000 PURPOSE OF ISSUE: We are advised that the present issue will be utilized to pay the Bank of the Argentine Nation for advances made to the Government. GOLD RESERVE: Recent published figures show a total of approximately $463.000,600 gold held against notes in circulation, representing a ratio of about 80% and indicating that Argentine currency is one of the soundest in the world. PREVIOUS ISSUES: During the European war a total of $73,500,000 Argentine Govern- ment Notes bearing not over 6% interest were_sold in the United States and all were promptly paid at maturity. GENERAL: Area of Republic is approximately 1,100,000 square miles, exceeding one-third that of continental United States, exclusive of Alaska; national wealth calculated at over $13,800,000,000. We offer the above notes “when, as and if issued and received by us’’ and also subject to approval of counsel. PRICE: 9953 AND INTEREST TO YIELD OVER 7.20% Delivery may be made either in the form of temporary notes or interim receipts. WHITE, WELD & CO. .BLAIR &-CO., Inc. THE NEW YORK TRUST COMPANY THE EQUITABLE TRUST COMPANY OF NEW YORK SPENCER TRASK & CO. SALOMON BROS. & HUTZLER FIRST NATIONAL BANK OF BOSTON THE UNION TRUST COMPANY, CLEVELAND FIRST TRUST & SAVINGS BANK, CHICAGO | - CONTINENTAL & COMMERCIAL TRUST & SAVINGS BANK . NORTHERN TRUST CO., CHICAGO ‘lhnl—h—l-tdlmmh-d on information KISSEL, KINNICUTT & CO. GRAHAM, PARSONS & CO. UNION TRUST COMPANY, PITTSBURGH THE CLEVELAND TRUST COMPANY ILLINOIS TRUST & SAVINGS BANK, CHICAGO partly by cable from official and other sources. While not guaranteed, we obtained believe them to be reliable. Aflmfl'flnldntm'!omymevnduvflflmmnfldcflnn