Evening Star Newspaper, October 3, 1921, Page 23

- ey w———— IRRERULAR ACTION JKOM STOCK TRADE JoWish:Holiday Checks Busi- nes§—Features of the Market—Cotton Report. .BY STUART P. WEST. WALL STREET, NEW YORK,. Oc- tober 3.—-Trading quieted down on the stock exchange today. probably because the Jewish holiday cut down the attendance and partly because there was a disposition to await the response to the advance In certain groups of stocks at the close of last week. The professional element were looking for a reaction and shaping their ventures accordingly. As it turned out, the market was a good deal stronger than these operators were reckoning upon. Realizing sales stoppéd the rise in the coppers, but oil shares readily absorbed their part of the profit-taking offerings and most of them pushed ahead. It was in the cotton market, how- ever, that interest chiefly centered, this because of the publication of the ginning report and the report on crop conditions covering the perfod up to September 25. The trade was inclined to interpret unfavorably the fact that so far this season the amount of cotton ginned was 2,907,- 950 bales, 3s_against 2,249,606 balgs ear ago. Nevertheless. it was o1 weighed by the expectation of a sen- sational shortage in the estimates of the new hour preceding the publication of the department's réport shot for- ward_more than 100 points. When the figures appeared it became at once apparent that outside calcula- tions of damage done last month have been rather wide of the mark. The government places the * per- 2, whereas private in- e been predicting less harvest. Prices during the Market Quiets Down. Some further realizing sales. trace- able to the Jewish absentees, were noted, but aside from a few stocks which hsd had considerable of a bulge last week, this selling had lit- tle effect. The upward movement in the cop- pers had set a rather too rapid pace, considering that improvement in trade conditions is still almost wholly prospective, and very little of it ac- Anaconda, Utah and Inspira- tion all were checked in their ad- vance and Kennecott came down as easily as it had gone up. siderable interest is being taken Seneca Copper, in view of the fact that the company is pretty near through with its development stage and will start by-production early next vear if not before. The prox- imity ‘of Seneca to the rich lake cop- per mines is a source of attraction from a speculative standpoint. Lehigh Valley. Wall street has begun to refer to the coming Lehigh *Valley segregu- tion plan as a “melon without sceds. 1t means by this that unlike the Rea ing case, stockholders will not have to pay for the privilege of sharing in the melon. This is why no repetition of the Reading debacle is looked for in Lehigh Valley. There are all sorts FINANCIAL. | NEW YORK STOCK EXCHANGE Recelved by Private Wire Open. Adams Express... 50 AdvRumley pf. ... 36% Aja3 Rubber. 2% Allind Chemical. Allfed Chem pf. Alils Chalmers. Sugar. Am Bosch. Am CottonOil.... 1% Am Cotton Ol pf... 4% Am Drugglsts Am Express Am Ice.. Am Icepf. Am International. Am Linseed. Am Radiator. Am Safety Rasor. Am Ship & Com... Am Smelting. Am Smelting pf. Am Smit Sec A. Am Tobacco. Am Tobacco ) Am W Wks 6% pf. Am Woolen. Assets Realan. Atchison. . Atlantic Fruit Co.. Atlantic Gulf. Atlantic Gulf pt. Atlantic Petrol. Baldwin Loco. Barrsdall (B) Beth Steel. ... Beth Steel (B).... Bklyn Rapid Trn.. Burns Bros. Butte Copper. Butte & Superior.. U% Caddo Oil. ... i California Pckg California Petrol.. 3% Canadfan Pacific. . 118 Central Leather-. .. 29 Central Leather pf & Chi RI&P 6%pf.. Chile Copper-. . Chino Copper. Cluett Peabody. Columbia Grph pf. Cons'Intl Cal Min. Cons Textile Cont Can Corn Producis Corn Products pf. . 107 % Cuban-Am Sugar.. Cuban-Am Sug pf. Cuba Cane Sugar. . Cuba Cane Su pf. Davidgon Chem. .. Del & Hudson. ... 108% Del Lack & Wstn.. 108% of estimates as to what Lehigh's two voal subsidiaries, which under the Dome Mines . 1 Endicott-Johnson. 65 court decree will have to be disposed of, will be worth in the shape of rights to Lehigh shareholders. Lehigh Valley Coal has a funded debt of $11,638,000, with $9.465.000 com- mon stock, while Coxe Brothers & Co. ha\: no bonds and a capitalization of . Some time ago it was fig- ured oul that taking the coal company earnings, after interest, for an average of years, and capitalizing it at 15 per cent, the combined stocks of the coal companies would be worth $19,600,000, which, distributed to holders of Lehigh Valley railroad stock, would be equiva- Famous Players... 6% Fed Mines & S pf.. 28% Fisher Body of O pf. 63 Fisk Rubber 12! Gen Electric Gen Motors Goodrich. -, Goodrich pf. Granby Consol Gray & Davfs. lent to $16 a share on the latter. American Sugar. Another outburst of selling came into American Sugar stock today causing Great Northers bf. Great Nor Or: . 2 Greene-Cananea. . Guantanamo S\lw.- considerable weakness. For the last week or so there has been a persistent report that the company is about to announce: some new financing. The story became more specific this morning, placing the amount of this financing at $35,000,000, in the form of notes, and saying that the news would be out this week. —_— Washington Stock Exchange. W X American Secu Trust—10 at 2 AFTER CALL. Mergenthaler Lmon've—l at 1201, tal Traction—35 at 87, 20 at $6%, BONDS Bid and Asked Prices PUBLIC UTILITY. American Tel. and Telga. American Tel. and Telg Am. Tel. and Tel. ctl. tr. Am. Tel. and Tel. conv. 10 at Asked. 84 nesapeake and Poto Capital Traction R. R. 5 ty and Suburban 5 eorget Metropolitan R. 1t Electric Light 5s_ Electrie Cons. Homestake. Houston Ofl. Hupp Motors. . . Illinois Central. Indiahoma. . Indian Refining. Inspiration. Interboro Metro. Interboro Met pf.. { Intl Agr Chem 8 Intl Harvester.... 1% Intl Harvester pf. 102 Intl Mer Marine pf 47% { Intl Motor Truck.. 30% ’ Intl Nickel 3 Intl Paper. Invincible Jones Tea. .. Kansas City Kelly-Snrlnx Tire. « Kelsey Wheel..... 5% Kennecott. Lehigh Valle, % Liggett & Myrs pf. 0T% Loews Inc. 13% Louis & Nash. .. ¢ Manati Bugar. { Manhattan Elev. Market St Ry. Market St Ry pr pf aw. High. Low. Clese: U\b u& 0% = 108% 103% 1031 108% 19 3 [ 8% “% e§ney g & 108% 19 50 108% » “h%h % 85% Bi% 68% =% W% % W% 183 4% U% UK ™ T 57 [ sk % WASHINGTON, REIGN BONDS. Quotations furaished by W. B. Hibbs & Oo- Prices at noon: Berlin 41 éi . reater Ber Bremen 4 1 remen “‘A S NING - STAR, Dm“fllsmoln. l"l'l( Trust (1st Maftgage) Notes Secured »y D. C. D. H. Roland 204 Woodward nuu% Registered or Libm,m"’“ax’:hn. IZENS Real Estate 1T SAV C INGS 0% Invesl your sav- gE ings in otir = it . 3% ur T Savings . i i Stand QLN pr. . to7s Nfltes s 4 — - m% and secure not D EQUITABLE £ cen i | gy “the s . = 2 Co-Operative Building Jor Gur | ment, but the most . 0% A o o ‘Booklet pmfitable as well. 'quam‘::on gfi o tion “Owning . In denominations GET YEAR COMPLETED o8 Tacomen ] (of $100 and uwp. 8% Union Bag & Plnr. ®% Union OIl. Sl B" R""“' 149 N. Y. Ave. Main 98 E|| 108% United Retad] Strs. &2 ey us Alcehol. U SRealty. U S Rubber. U S Rubber 18t p! U 8 Steel: Subscriptions for tl. 81st Issue of Stock Being Recelved Shares, $2.50 Per Month 5 4 Per Cent Interest EQUITABLE BUILDING 915 F 5t. N.W. HN JOY E| s (L0 0 o .;’,':fin::“..,,“'-t Federal Land Bank 10—20 Year 5% Bonds Exempt From Federal, State, Municipal and Local Taxation Paet '.ii--'..i'::'i-d’-“-'-'y"x.‘ on Wells-Fargo Exp. Western Md. ‘Western Pac! 2 — = - ~ 1 Western Union. ... &2 Ty Pedont Lant Bank or Vederst zuuu Air Brke. M t Reserve B';:lh nxtmmp:l payable at esthouse L& M. oney to Loa.n Coupon_and. Tegistered bonds - (inter- Wheellng & LE. ‘White Motor. denominations changeable) _in of $10,000, $100 Becured by firat deed of trust on real ertat SAFETY —not only a promise, but an established . you invest in. FIRST TRUST NOTES INTEREST 7% —in your mail t due. SHANNON & LUCHS 713 14th St.—Main 2345 fact when and deposit something day. convenient bank— he day it is Prevailing fnterest and_commis \ Joseph I. Weller A0 W‘;‘; .'*:d.:f:";‘l White Ofl. . ‘Wilson Company. . ‘Wilson Co pf. Willys-Overland. . Willys-Ovld pf. ... Wisconsin Central 26 Worthington Pmp. 6% Redeemable at ;-r and interest at any time after ten years from date of issue. TI:eSupmmeCum of the United States Over a $5,000 Life Policy, $57.35' LIBERTY BONDS Bouds bought and Sold. SAVE FOR CHRISTMAS Btart with a dollar TODAY Open_the account at the 1336 N. Y. Ave, FINANCIAL. On the Stock BANK HE-cpretor, .«fl:u. and how to them to the h! best iv i mmnu.s...m.. Earning 7% Interest Also smaller amounts. 3 years. each pay managing all details, Loan Dept. M 36 = 923 15th We have on hand several very choice First Mortgage Loans from $3900 up to $7,500 is the time to invest and be assured of the maximum rate of return on your savings for A courteous service to our clients, including the Chas. D. Sager Now 40. Send date.of birth for fllustration “Assets over $150,000,000. M. LE ROY GOFF, Insurance Adviser: All branches Room 610 Woodward Bullding. tablished 1865. M. 340, Quarter held these Banks were Call Money...... of a HOURLY SALES OF STOCKS. Century Without i ; a Loss ment, from’ Federal, LIBERTY BONDS CLOSING PRICES. ateipal, l:‘"lml > o NEW YORK, October 3.—Liberty hohda closed: 31;s, 88.62; first 4s, 90.80 xecond 4%s, 90.64 fourth 4%s, 90.96; victory, 3%s, 99.4 victory 4%s, 99.42. {|| These honds are acceptable by l the United States Treasury as il security for Government de- posits, including Postal ings funds. They are lawful investments for all fiduciary and trust funds under the jurisdiction: of the United States Government. 2 They are eligible under the laws of mny' ofulhe states for = ]| investment of all public and If he wishes to speculate, he s S & should get the best information | || PEvAe funde and’ have been and advice ‘he (‘ifl and then vestment by savings banks in | plunge and take his chamces. thirty-seven states. Price 100 and Interest Yielding 5% CRANE, PARRIS & CO. Investment Bankers, Investing— Not Speculating These are times for caution. The investor is offered all sorts ! of openings for his money. «Very attractive rates are of- fered. What is he to do? Sav- —_— CURB STOCKS. ‘quotations furnished by W. B. Hibbs & Co. 12:13 p.: Bid Asked. | 12 12 If he really wishes to inwvest, let him buy a security like our First Mortgages—then he takes no chances. Il B. F. SAUL CoO. Mortgage Loans 934 N. Y. Ave. N.W. o Commonwealtin Consolldnted Copper Continen| The tements contained herein, while not guaranteed, are based upon information and advice which we beileve to be accurate and reliabie. 11 Coal Federal Ofl Fensland 0il . Gillliand 01l . Glen Alden Coa Glenmock O (.uley-hlllnph oo Hercules Paper . Intercontinental OPEN UNTIL p-m. TODAY —So members of our ever-growing army of thrift-workers can con- eniently make their usual fortnightly additions to accounts ix OUR SAV- INGS DEPARTMENT. {IIt takes but a Dollar to begin such an account here. Why not start one to- day, and let Washington's OLDEST National Bank help you make financial headway?, % Midwest Ofl pfd. Midwest Refining Mountain Producers . Opkl Northwestern Ofl . Omar Oll (new). Peenok OIl .1 Ferfection Hercr lu'ln Consolidated . Balt Creek Produci Paid n Savings ‘National Metro politan Bank Capital, Surplus & Undi; mded Profits Over $1,500,000 15th St., Opposite U. S. Treasury—107 Years Old R EFEEER WEF u® 4 i STOCKS—BONDS—COTTON i A.A.Housman&Co. B 20 Broad Street, New York | # GRAIN —SUGAR— il Bought and Sold on Commission COFFEE MEMBERS: WOODWARD Telephone Main 2040 CHARLES R. ALLEY, Mgr. MAIN FOOR CORRIDOR BUILDING NEW ISSUE 'HE Rock of Gibraltar and impreg- nability are practically synony- mous—such is the strength of Gibral- tar. Our First Mortgage Loans repre- sent the strength of Gibraltar in the investment field. Stocks and bonds fluctuate daily. Thousands of dearly paid for “securities” become “scraps of paper” over night. The question, “What is the strength of First Mortgage - Loans secured by Washington Real Estate?” is answered with a counter question — Could you budge Gi- braltar? Their value holds firm—100 cents on the dollar. Could any investment be stronger? Our First Mortgage Loans, secured by Washington real estate, are the acme of safety, and pay 7° interest. They are in convenient denomina- tions. oo> H. L. RUST--- 912-15BST.N.W. ] Exempt from Federal, State, Municipal and Local Taxation Principal $60,000,000 10-20 Year ay 1, 102} Federal Land Bank 5% Bonds Due May 1, 1941 Mot redeemable before May 1, 1931 Interest pa}ahle May 1 and November 1 at any Federal Land Bank or Federal Reserve Bank. payable at the Bank of Issue. Coupon and registered bonds (interchangeable) in denominations of $10,000, $5,000, $1,000, $500, $100 and $40. Redeemable at par and interest at any time after ten years from date of issue. Issues of outstanding bonds dated prior to May, 1921, are redeemable five years from the date of issue. In order to meet the demand for longer term securities, .Congress enacted a statute authori the redemption period on new issues to be- in the eleventh year from date of issue instead of in the sixth as heretofore. fihfl-mwolcodm-udud-mm Special attention is directed to Statement of Secretary of the following the Trmury Mellon: “I'nn view of the very satisfactory financial condition of the Banks themselves, oil. . s Martin Parry. ! i |G M of the exemption of the bonds issued by these Banks from Federal, State, fo 108 P wunicipal and local taxation everywhere in the United States, and of frod 4% the .very adequate security back of these Bonds, they should prove an ém EXCHANGE. atlmmu security to investors large and small throughout the country.” © STOCKS PUBLIC_UTILITIE 1. and Tel \EW YORK October 3.—Foreign exchange irregular. Great Britain, demsind; '8:72%; cables, 3.73%; sixty- day' .bills on .- banks, 3.69%; France, ] | Mo Paciflc. i | Mo Pacific p! 5% | Montgomery table by Treasury: These Bonds are acceptable by the United States *rmury yal unmty for Governmcnt deposits, including Postal Savings =.§-sysflssflsfiivufiflii UL LR Y g8 Natl Acme. 14% | demand, TDS cables, 7.09% e l“, » JQ:S%?\:::IG.I"I; Iw demlnd 198 cables, 6. h T e F Th.y are: Il'ful investments for all fid and f‘fm:{:‘ Nt Kaoriia. e | SRy e ) troet funds under the jurisdiction of the United States Government, They Commercial i Nevada Copper 13% | demand, 12.20; ible under the laws of many. of the States for investment of all public Pirmer N ::!t e n, de: vate funds, and have been officially held eligible for investment by sav - i | a1 Srvnet eman B £ e banks in the following States: 204 | Mand;’ 13.12.° Montreal, 15-16. Alnh— Idako Mississippi Oklahoma Utah INorlolk Southern. ‘9 9 Indi M 3 Ve NorOlE e 4| CANADA ELECTION SOON. Califernia Kentacky Nebraska Pooseivania Virginia + North America pf. 36% 6% 3% 3% | OTTAWA, October - 1.—Premies Colorado Louisiana New Hampshire Rhode laland Washi Tust Northern Pacific.. 76% 7% 76% 76% | Melghen announced !odl{ that a gen- Delaware Maine Jersey South Carolina West irioRel Satingsiend Tres Nova ScotiaSteel. 26 25 24 6 ;’;:{ "‘,fi'r:‘“"lg:égmb‘:" 4 during the Florida Maryland North Carolina South Dakota ~ Wisconsin, Wi Gheoti R B : ‘ S ) ey Tovests | . “Mrie L e WL RN . HE striking beauty and lasting : R T e \ construction of this Macy Séc- The. United States Government owns over $6,500,000 of the capital stock of Pan-Am Pete (B). <% '4: l D ndable? tional Bookcase will emhance the :l::lnmh and the U;ted States Treasury %P.T@fififiswmat n‘fl 3 s -e.‘ = "m“yfir‘ .:;hm 5 ,tmloftheFedeanlmLunBurd,aBuruunfthaTrmuryDepntmmtoi Peopl 52 (M~ IS.¥olir présent investment and render a lifetime of worth-wi * the United S tes Government. Perr%&zflefls. 2. il -yielding a fair, permanent in- ‘:ervlce. . ;‘x::u‘lp:reuolum 2 :&' terest return, and isthe. prin- See this handsome lnokuu at our: % At Iho nmnll ‘of the Federal Farm Lean Beard in ce-operatien with Pl-rne-ArWW» .,upal.wonh -par?. - . -showrooms gmy_ 2 ey lnl on behalt o the 'sl.'d Land Banks, we offer these bends at: jerce-ArTow tColambia Title Plln. 01l Coal leal Estate . abE “If ‘not,:then you owe it to yourself .to. investigate our ‘First- Mortgage Notes, which "haye beén at par every day {or. over fifty-two years. Price, 100, and ucrued interest, yielding 5% Pressed Steel Car. Producers & Ref. Pullman Co. Punta Alegre Sug. % Pure Oil... 2% Railway Stl Spr. Ray Con Copper. Reading. Reading 1st pf. Reading 2d pf. Replogle Steel. Rep Iron & Steel. Rep Motor Truck. Mergenthaler Linotype ©id Dutch Market com o Duteh Market Lauston Monotype 3 carity Storage Washington Market *Ex-dividend. —— N FOREIGN EXCHANGE. se !m; cnecu_nolm values at -noon. Harris, Forbes & Co.- Lee, Higginson & Co. ' " Guaranly Company of New York " OFFICE EQUIPMENT | - > —Io-nd where bunm 3 e - succeeds T 727 15th Street NW. ‘Washington, D. C. " The Natisa's Heme Town 53 Yeoors Without Loss to-an Investor Thllfitltlfilyhlnly statements contuined hereia, wile ot gusranteed, n‘hi—-n-ul-fii:vha btleve. 65 bo accarate 153 712 l&!ll St. N-W. . Main 1086 .u..:fl St Louts Southwn. St Louis Sown pf.. Hfii“fl’g‘fii'i‘§5’7‘;3§§§!§§§§“§§ SO (LU LLH S H SEELE S RLRE T HL L 23zspeussagganzzazase