Evening Star Newspaper, October 20, 1921, Page 27

FINANCIAL. PEPED 0 FLOAT " NEW BOND ISSUE $2,200,000 General 7s Au- thorized and Sold Con- ditionally. BY L A. KL of the Potomac Electrie vesterday their ap- 1 to a new form of mortsuse, Y Directors Company prov ave frequently referred to an “open mortgage.” Under it any number of authorizations may be made, having its own date of v amount, ete. .with the rate of interest fixed by the utilities commission. ntually all of the refunding tions of the company will bi carried out, becomes nece under this mort giving the ¢ dvantas £ dill ements fitions in tl ¢ market. r this mortgage an issue of 7 per cent Uwenty-vear s’ were authorized, of ‘which 1,400,000 will be substituted for a unt of iing in the reasury of the company The entire issue lis been sold ject to approv general coun- rris, ¢ Co._and the New York city and of the utility commission. There rerunding operation in this tra . ats the company has no_maturities until 19 The proceeds of th used to reimburse Londs will be company for capital expenditures nuide 1 urities. number d on toda, oeal Se unusually ctions were record Washingtan Stock B n the aggresate of different s made. owed on of Tarsze session of the change, not so husiness as in the numbe issues upon whic Seven different the sales Otherwi portance indicated in than str at 82 much ¢ price wers relatively | but witheut chansg Railway s brousht Ruilding short turit Consolidatid Washingzror s the only price for the shares namcd, 48% to} 45k €all for Stock Payment. and Rebert- Banking Trus Compan: upen the sharcholders fo stock, to rade Nov War Finance Loans. War Fina rporation n_exportation; §: rgia k for agricultu $65,000 ins to a financial institution in as on live stoc and louns of 000 to Texas banks on stock loans. Open Meeting. Bankers not forget the Washington Chapter. A. 1 open meeting at the New Will thi evening, Geol Walson, th the devoting himsell to the itute, the wradu ontl: invitd . 1,00 t. Cities Serviee Co ties Service Company for September and twelve reports Nation e with Septe Surplus af 7,001, Earnin 1o ot do not flect th of 50 cents a barrel in mide crud es, as the | tir: ady 2 made v H oflic | Credit Clearinz House. Reports of the Credit Clearing House | of New York for the week ended to- day in: ite unu L pe on pur- chases by merchants, Iy in the | south ern wltural and -rn seetfon k buying the public - middle agricultural and | puntain sectio > slightly higher re Jess than ar | is higher than | rs azo. ndebted- r than a | per wo ed In every ! the mountain | 8.4 per cent in-| indicated Ine nts, in indebt <. have| ralle 1 all sections except in the smountiain and southern agricultural | sections i by In the t scction the unusually| warm weather s held back buying | the public, but merchants are con- | more actively | ! + coming | nd the! tinui [ nsual This purchase 1t this s due to Washingto nts is sing a tepublic Tron and | th third arter i of §1 l\).‘ irplus of § . 8 « share on the common | stock the e ponding quarter | of 19 Thus it is evidenced that the re-| covery in the steel s on busines: met " of tri | 1 ssion. | | v recovered from its dep as further shown when th Y Central. States Steel Coporat Y Dock its unfilled orders, with INYNH& of but a few tons, where a|N Y Ont& West A enlargement had | been rr the n months of 1 public Iron :ad Stecl Comy Tet loss of $§ 06N, L for the s: ing Wi me last the nine months *he 0 dividends on “s the pre- common ived but $450.- this sumn “he common rerred distribution shareholders have r 400 so far thi is probably the ye: DIVIDENDS DECLARED. K ot b can Water Wi Nov. Nov. Nor. Nov. 1 Nov. 1 ov. 15 ‘eb, Nov. 30 Sinclaie 01l prd, § BERLIN BANK STATEMENT. BERLIN. October 20.—The statement of the Imperial Bank of Germany as shows the following changes: 1l coin and bullion de- ased 1.130,000 marks; gold de. 1 66,000 marks; treasury notes d 242,931,000 marks; notes r_ banks 'increased 1,931,000 bills discounted Increased marks; advances de- 000 marks: investments decreased 67,164,000 mark; other | Gen Moto: { fuvincible Oil. | 1sland Oil. | Keystone Tire | Kresxe (SS). | Laclede G | Lee Tire & [ Mo Kan & Tex : pan-Am Pete (B). | St L & San Fran. Securitics decreased 6.514,000 marks; 1otes in circulation increased 266,556, w00 marks; deposits Increased 5,620, 0,000 marks; other liabiiities de- -reased 112,684,000 marks; total gold Jvidings, 1,023,633,000 marks. NEW YORK STOCK EXCHANGE o——r—— Received by Private Wire Direct to The Star Office. Open. Adams Express... 49 Ajaz Rubber...... 19% Allird Chemical... #% Allied Chem pf.... Alls Chalmers. ... 33% Am Agr Chem.... 20% Am Agr Chem pf.. b7 Am Bank Note. . 82 Am Reet Sugar. Am Bosch Am Can Am Can pf. Am Car & Fdy Am Express. Am Hide & Lea. Am Ice. . 5% AmIcepf......... 64 Am International. 81% Am La France.... 8% Am Linseed. Am Linseed pf. m Locomotive Am Radiator. Am Safety Rasor.. 4% Am Ship & Com... &% m Smelting..... 36% Am Steel Fdy..... 23% Am Sugar.. 51% Am Sugar pf. .. 18 Am Sumatra...... 38% Am Tel & Teleg. .. 103 Am Tobacco. ...... 124% Am Tobacco (B).. 123% Am W Wks 6% pf. 16 Am Woolen. Anaconda. Balto & Ohio Rulto & Ohio pf. Reth Steel (B) Bklyn Rapid Trn. Bklyn Union Gas. Burns Bros Butterick Butte & Superior. Caddo Oil California Pckg California Petrol. Canadian Pacific. . Central Leather Cent RROINJ. Cerro de Pasco. Chandler Motor “hes & Ohio. . Chi Great W pf. hi Mil & St Paul. Cni Mil & StP pf.. hi & Northwn. 67% orthwn pf. 100 Pacific.. 31% ChiRI&P6%pL.. 65 Chi R1 &P %I, Chile Copper Chino Copper. Cluett Peabody . cCco&k Louis. . Coca-Cola. .. - Colo & Southern.. Columbia Gas. Columbia Graph. . Cons Gas of N Y Cons Intl Cal Min. Cons Textile. .. “ont Can. . Corn Products. rn Products pf osden & Co Crucible Steel Crucible Steel pf.. Cuban-Am Sugar. Cuba Cane Sugar.. Cuba Cane Su pf.. Del Lack & Wstn Elk Horn Coal. Gen Mot Gen Mot T Granby Consol. Great Northern p Great Nor Ore. . Haskell & Barker. Houston Oil. Hupp Motors. Illinois Central... indiahoma t. Inspiration. Interboro Metro... 1% intl Agr Chem.... kY Intl Agrl Chem pf. 36 Intl Harvester.... 5% Intl Mer Marine. e Intl Mer Marine pf 4% Intl Motor Truck.. 26%s .. 13% Intl Nickel intl Paper. Intl Paper Jewel Tea. Jewel Tea D! Jones Tea. Kansas & G/ Ka y S Kansas C Sou pf. . Kelly-Spring Tire Kennecott. Rubber Lehigh Valley Lima Locomoti Loft INC..ceeeness 54‘,' Loews Inc. - 18 Loose-Wiles 33 Manati Sugar. . 2 Manhattan Elev. . ;‘1;», Manhattan Shirt. . Marland Oil. . May Dept Stores. . Mexican Pete. Miami Copper Midldle States Midvale Steel. Mo Pacific. Mo Pacific pf. Montana Pow Montgomery War | Mullins Body. ... l:-;y, Natl Biscuit. - Natl Bi il atl Lead. atl Rys of M2d.. Norfolk & Westrn. North America. North America pf. Northern Pacific. . Nova Scotia Steel. Oklahoma Prod Ontario Silver Otis Elevator.. Owens Bottle...... Pac Development. Pac Gas & Elec Pacific Oil. . Pan-Am Pete. Panhandle parish & Bingham Pennsylvania..... Penn Seabd Steel people’s Gas. .- Pere Marquette Pere Mrq prior pf. Phila Company Phillips Jones Phillips Petroleum Plerce-ATrow. ...+ Plerce-Arrow pf. Pitts & W Va. Pitts & W Vapf. Pond Creek Coal. . Public Servof NJ. Pullman Co... a0 Punta Alegre Sug. Pure O11. Ray Con Copper. Reading..... Reading 1st pf. Replogle Steel. Rep Iron & Steel. Rep Iron & Stlpf. Royal Dutch StL & San Frpf.. St Louis Southwn. Saxon Motors. . High. 50 19% 45% 10% 186 8% 0% Bl 15% 23% 6% 7% 100 81% 3 kd 1% 13% 2% 1 18% 424 b2ba 19 19% uz7 u% 4% 1% 2% % 2% 3 - % Low. Close. 9 &8 19% 19% “h 6 @ 8 1% 3% 209 29% 5% 6% 52 b2 2% 2 4% 35 2% 26% B4 85 e 126 15 1% 9 9% 5% 64 66 31% 81% 84 8% 24 24 45% 8ata 0% % 5 B 23% 5% ki3 % 108 124% 123% 1% 3% ! Western Ma 2d. Open. High. Low. Sears Roebuck.... 6% 674 65% Seneca Copper.... 1813 184 18% Sinclalr Oil....... 21 2% Southern Pacific... 77% 18 Southern Railway. 19% 1% Southern Ry pf... 43 43 Standard Milling.. % 9 Stand Oil of Cal ® Stand Ofl of N J 149% Stand Ol N J pt 109% Stewart-Warner. 2% Stromberg Carb. 82 Studebaker. .. 3% Submarine Roat. H Superior 011 ) Tenn Copper. ... g T Texas Company... 39% 40 Texas & Pacific . 200 21% Texas & PC& Oil. 2% 2% Tide Water 011, . 1% 150 Tobacco Prod. 6% 644 Trans Contl O ) Union O11. . 1 Unlon Pacif, n9% United Drug. 53 5 UInited Fruit. 1001 109% United Ry Inv T % United Retall Strs. 2t 524 1S Cast Ir Pipe. 1y 1% US Express. [ L 'S Food Prod.... 135 15 U S Indus Ale k5! US Realty: ok & U'S Rubber. e Rubber Tst pt. 5) USSmelt Ref pt.. 40 Steel. . TR Steel pf. Utah Copper. Vanadium Corp Va-Car Chem. Va-Car Chem pf. Va Tron Coal & C Vivadou. Wabash pf Webher & 1 Western Md Western Pacific. Westhouse | & M. Wheeling & LE... Wheeling & L E pf White Motor. White Oil. Wickwire Spencer Willys-Overland Willys-Ovld pf. Wilson Company. . Wisconsin Central Woolworth. Worthinzton Wright Avro Close. 66 18% 21 % 19% v 9% 8 us 109% Cover Advance Prices. Exchange Higher. BY STUART P. WEST. W YOR 4 | . October | their g | e l-around ad 53 | which bore their § 1atg] But in this’ movement the s not commirting itself to an on of opinion one wiy or arding the outcome of efforts to avoid the sudden tie-up, simply registering the judsm rii no strike, thece nt prices. thing that countd v dividend quarter. an fram Awerican Susar t the st of the pas prefereed dividend and of new finapcing had been made ou whole cloth. 1t is a new departur give such re ry 1 N <llent whose s {ihe object of m {taken the same been welcomed lic. ction it would Sterling Higher. ommons last night, in which he L the new p for stimula; e} High. Low. Lasi, |©=] totr artic Call Money..... 4 [ wits il n this m HOURLY SALES OF STOCKS. | Ui it oy (U SO G2 1lam 108600 1p.m. 265100 | pression, and this gave color to 12m 112 2 ports in Wall st bankinz ci _— that the British sovernment and in the remurkable twenty sterling during th n for selling govd stocks a today more nything in the railway situa- tion was the a1 of th nt to whi nt r cam paigning has been based upon fals ramors and predictions. This pro was furnished yest on of the investing pub. insister THE EVENING STAR, WASHINGTON, D. C, WALL STREET LT | SHUEH FIRVER Shorts Trying to Get Under rhe mar- Kets had furnished a clear enough les son by the close of business last night that it does not pay to seil on strike the markets today saw was orts U seliers of ing to undo This in part. & th th 1 toof ¢ 10 1y Another ~harp adva in_sterling exchange was the direct result of the British premiers speech in the hous set ti the o, de five: NEW YOR Liberty sterline bonds at noon first s, o groad A S | trom ¢ when 70 bid: second 4 05 first 448, operations o T 90; sceond 4% third 11, | reparations began to be a facior in the L4705 fo B iotory e e, | maTkat Tt within easy strikine 470, [ourthestesy AR inee of the §4 level reacked in the 10; victory 4%s, ———e——— CURB STOCKS. Quotations furuished by W. B. 1215 i 1% 4 Foston and Montan: Biman W Heela ... Hercnles Paper (newr.L ning Mountain Producers . Nevada Ophir . New Corneda N Nable North iy . Southiern Irou and Coal K America. t Sharing. - Ship Corporation mship. Wayne Coal . West Bl A com eatler pui. i, lahy Packiog . o Washingte $1.000 Riges Realty - §1 Wishington Kailway and k| a t Wushington Gas Light-—1 481, at 483, Potomae Elec Washiugton ¢ Washington Gas BONDS. Bid and Asked Prices. PUBLIC UTILITY. American American Am. Am An: and and Tel al ; and Suburban 5% etropolitan K. R. 5 Capita « M P e, MISCELLAN s Realty 58 (long) s Really 53 (short) Market STOCKS. PUBLIC_UTILITIES. 108 American_Tel. aud Telga. Capital Truction Washington Gas ..... Norfolk_and Wash. Steamboat Wash. Rw. 3 Wash, Rwy. and Elec. NATIONAL BANKS. American Capital Columbia Commercial District Farmers and’ Mechanic Federal Liberty Lincoln . National Metropoltan . Riges_ - Second Washingi TRUST COMPAN' American Security and t Continental © s National Saviugs and itbs & Co. ¢ part of the year v oexe the that - ues pom— Asked. wi 1 he buring in the commo sut in the open and the stock [rapidly. There has been Woolworih would folle recently given by Kr Anather th Other Chain Storex’ Stocks. Other Chain Stores. The jump in Woolworth ga to umption of bu: e stocks. May Depars which the dividend is xtra declared, demand. So compinies s fixed up its i a year u Corn Products. Corn I'roducts statement ! ferved for retirement purpe —_— 10 at ST. PAUL. October volume of freight in the Twin Ci which passes virtually all the fre of the northwest, ings fizures on an tember show —Increa is being han the Great increas PARIS BOURSE DULL. 20.—Trading PARIS, October eoi-f@ull on the 97% { cent rentes, 5 s “{change on London, time centim per_cent 81 franc: The dollar was quote: centimes. i ex- had Further Rixe In Oil 1 red winter, of a further advance | 2 red wim re realized today when | 1- 4 o, = ‘red of the Pennsylvanic prod- | sarticky, spot. 1 1another 25 cents 0 tober wheit, probably intinenced ovember wheat, 106 of gasoline for Auzust, roall ti when it Standard Oil inter- | £ty is now no longer new motive to weight, quoti W No receipis; range time l“il' A0 per ton with ve el e demund. Low grade hay is not w i €eN |yt any pr 1 with- 1 G r ran up vither | w Now hank go, while - back to a pre-war forlmeetin d quarter, which is expected | =] be o said, the leuther | within the next ten d will show | husine rema rof 1 in the neighborhood of 2 share | eh tinued improvem nt. Ther rned on t mon s evidence of more demand _for | Lood medinm and lower grade sh Th Th gs for the Septem- Produc quarter were the best for the upon Operations and earnings have Yot shown @ ent_expansion sinc : e fir ar. At the outse s of 19 ot t must be made 10 stab- { the neighboriood of 50 per cent of | iz i ! capacity, but this was increased in| - The urers in 1 the quarter just closed to forypoms: 3 Qb per cent. Corn Products preferred |98 2 smaller marsin of Bott BUCoy EOL into now high ground den to- N day. Tt is a well known Fact that ber 20 —Subsequent- e pany is buying up the pre- ket her NORTHWEST FREIGHT GROWS. | sing dled s terminal, through ight Preliminary earn- r orthern Northern Pacific lines for Sep- over August. was e s 4 a at Enst Wa Merchants’ FIRE INSURANCE. American deee 230 Arlington 9 Corcoran 15 iremen's 20 tioual Unian % TITLE INSURANCE. Columbia_Title 414 ieal Estate Title 2 MISC 2 Columbia Graphophione com. D. C. Paper Mfg. C Merchants’ Transfer and Storage Mergenthaler Linotype Vla Dutch Market com. 0ld Dutch Market pfd. Lanston Monotype Security Stor - Wasbington -dividen THURSDAY, pricea reported to The Star over direct | & W York-Washington wire by Reduoud & Co. ent Tias 1041 Raltimore and O anad'un Nor. Coutrag | A Ohlo ¢ ke and on Mil, Bl M icago i onv. AL cen. s Westorn tone o i il P by San Fra Lonis and San Fra GRAIN AND PROVISION, BALTIMORE, October new, 150 pounds, 2100 pounds, barrel, bushel, bushel, broce ulit ton ower, barrel, cucunmber nt. basket uc hushel, quing % at Noon. ch showed nt increase L ports with July. | on band ol ed sinst 654.- | shipment Teader in the group of | ack corn cific Oil. which > 0. doimne s [ots of n ln per Ty Straizht covering by ne quacters wouid inos to 1ui% and followed by the . were Li within 1eled the 1l then co; 1t the ou - scored higher {tional gain - r're ions reflected the firmn {grain. despite downturns in hog v, s | CHICAGO. October 20—\ favorable | entlook for the With @ waning §expressed today_ by {president of ihe Tanners' ¢ { United States, which op: Tere of port_call deelined Closing quotati At the same hi Dee ‘1 de 1 settled, i finish t to 4 ‘New the Engl sustain cor Pmar Prices cl firm, higher, with Dece ber. 4 WHEAT-- Open. High, Low. December PR NI WU R RICE o 10Tl 1oy OYL STOCK! Quotations furnished by W. B. Hibbs & Co. Prices at_noo Asked [ Anglo-American 0if Co. (new! Born Co. | Buckeye Cheseboros Pipe i ot Pipe Line and Pipe Line ipe Line Northern Pipe I onio 0l Co and_Gas_Co. Prairie_Pipe I Co. Solar Refining ¢ uthern Pipe Line Co. Penn, Oil Stan Standard Oil Co. Standard Ol Co.” Kentu Standard Oil C Standard Ol C Standard 0l C Swan & Finch Co. Union Tank Line Co. Vacuum Oil C Washington Oil Co. —_— BAR SILVER QUOTATIONS. NEW YORK, October 20.—Foreign bar silver, 71%; Mexican dollars, 55. LONDON, October 20.—Bar sliver, 407% pence per ounce; money, 23 per cent. Discount rates—Short bilis, 3% per cent; 3-month bills, per cent. United St Tuite Wilson ¢ Co. diti N rn OCTOBER 20, 1921. TODAY’S BOND PRICES honrd 6y poard Afr 1 Loiber 540 Ttubler 7 15t 6s. SHORT-TERM SECURITIES. (Reported by Kedmond & 1015 91t 1021, il | 1003 ! ey ane, 100 316 —Fresh killed spring i4: hens, per 1b. Jettue 1. L romaine per o bblL, 3.0 .)u’_’ 0u; onions, ate, Northwest Savings Bank springers, pound, | “nd white leghorns, 2 27 small COTTON MARK EW YORK, Octot th. railroad ief th, sm over d 2 b rduy advance stoek a1 v be excreised Of the - stoc ald aceount for the £ £ of foreign st demand for Woolworth { press 1sines | exchang promoted th would adequitely ex- |« which iy wd e upturn in the com- | fr K ginning' and a much ol th; on strol ronths Livery, of co gaih Are You Posted On the Stock Market? Do you know how to make money on listed stocks and bonds—how toinvast for permanent profit? Do you know which stocks to buy and how to buy them to the best advantage? “Investment.” the semi-monthly paper, contains a welth of reliable informa- tion on_market conditions, and re. ews of desirable securities by our If vou can save and invest any amount, from $5 to $5000 a month, vou should haveatrialsubscription to“Investment.” We will send it FREE if you write today. KRIEBEL & CO. Investment Securities 137 South La Salle St., Chicage it Milwa keo Rockford St ! suis Cincianati Quarter of a Century in the Insurance When Your Auto Is Wrecked —it is too late to talk about insurance. DBetter get ade- quately covered before you take vour machine out. Automobile accidents not always confined to you and your machine—there is often another fellow and another machine involved. are All worry can be dismissed from your mind if you carry proper automobile insurance. Let us give you the details. B. F. SAUL CO. Automobile Insurance 1412 Ege St. NW. Main 2100 the | tech- ! i T CITIES SERVICE SECURITIES THOS. W. BRAHANY & CO. FINANCIAL. . Money to Loan | Secured by first decd of trust on real estate, | Prevailing interest and_commission. Bought, Sold, Quoted 1 3 Jeller 42 sh. L. & Trost Joseph I. W (]!U‘ T Money In Any Sum Our cox ions locally and in other cities enable us to fur- rish money in any amount for Washington Real Estate En- terprises. Stone & Fairfax . Y. Ave. N Main 2424 LOANS ON LIBERTY BONDS Tondx bought and Sold Regietiren ar Conpon. Li er[ty Bn‘nd E::clun;e Investment Sccurlties 510-11 Evans Building Washington, D. C. Main 6159 | \ Experienced || | Teller 604 14th St. N.W. EQUITABLE Co-Operative Building Association or, The Investment That Has Earned PRESTIGE FIRST TRUST NO ES 41ST 3 OMI'LETED I Annetn . £1.303.836.65 Surptun . 111 w7000 Join the Equitable and 0 Save Systematically —uniess you adont § eystematic pisn 2wt sevonmi 1 Way. ‘Join the Plus— Dby, Safety iptions for the Ease of Mind 81st Issue of Stock Convenience Belng Recelved Stoor S 500 i 000 Shares, $2.50 Per Month 4 I'r Cent Interest EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, Preatdent FRANE P, REESIDE. Seely, DAN DI Main 2345 713 14th St. Cpen 8:30 A Every Business Day Built Upona Rock || The }\'I::trnpolitan has en- dured for over a century, ex- panding its usefulness and pres!fe with the passing years, because it was built upon a foundation of integrity and dedicated to SERVICE. ¢ These have never been lost sight of, and are today part and parcel of the policies gov- erning Washington's OLDEST 3% on Savings Bank. National Metropolitan Bank |- Capital, Surplus & Und:ivided Profits Over $1,500,000 15th St.. Opnasite 1. 8 Tronerv 107 Years Old Open at 8:30 AM. Every Banking Day Columbia National Bank 911 F Street Surplus, $250,000.00 Capital, $250,000.90 Your Business Problems —Dbecome our problems once your credit is estab lished at this helpful ba Become a “Columbia National™ depositor now, and let your affairs benefit by the counsel of the practical business men responsible for this bank’s steady progress. €Our officers invite coni 3% rence at your convenience. $1 Qompound Interest Paid on Savings. You can open a Savings Account at this convenient Bank with as little as After All ;- —is said and done this FACT remains: That First Mortgages on improved ‘Washington real estate is the safest and most satisfactory security it is possible to will obtain. : Hel, Philiips’ First Mortgage Notes are the type o elp of security that appeals to pcople who play safe. They are a form of investment that for centuries has attracted thrifty people. They have land behind them. They have buildings behind them. g . They have our entire organization behind them, assuring uninterrupied interest on principal, and perfectly safeguarding your principal, as long as that principal is invested. Ask for descriptive booklet “A,” it's FREE. William S. Phillips First Mortgage 1409 New York Ave. Inzestients Call, Phone or Write for it D-termining Net Incomes Financial reports indlcate that a large number of losses were charged off in income tax returns for 1920. Doesn’t it create a real impression on your mind to learn that not one of these charged-off losses is at- tributable to investments in our First Mortgage Notes? In the past fifty-two years, with the varying finan- cial conditions of that period, there hasn't beea one case of loss to a purchaser of our notes. Swartzell, Rheem & Hensey Co., 727 15th Street N. W. ‘Washington, D. C. The Nation’s Home Town 52 Years Without Loss to an Investor