Evening Star Newspaper, November 1, 1921, Page 29

FINANCIAL THE EVENING STAR.. WASHINGTON, D. ., TUESDAY, NOVEMBER 1, 1921 FINANCIAL. 5 less han the live stock commission ] opened its tenth annual convention|out of the security b and we |ticularly oil. gas, sait and sulphur BANKS INDEX OF TRADE. SELECTIONS OF BUYERS NOW IN THE GOOD OLD DAYS. men. here. ! foel the next uum ars are Koing | deposits, soil and timber. 3 PITTSBURGH, November 1 (Spe- “Business s pulling steadily on the|to be so busy he will be forced out okl i B O i * ial).—] ¢ i ’, rade,” continued Mr. Osgood. “It|of an occupation.” . ¢ cial).—Real estate men gathered hero | Back in the ’40s, When High Costs |Financier Thinks Liquidation Is :{'l‘lflflflme Tor i pelief PR oleoming the investment bank-{ Gypsum or plaster of paris is used from all over the state declared today MORE WIDELY DIVERSIFIED Dry Goods Feature Activity ip New York Area—Cotton and Knit Goods Sought—Elsewhere. for ~wall tile, wall b i avy 4 Rai optimism. Our own business ers to I Gov. John M. Parker plasters, hetaer antieipate begvy home R 2o Acpompiistied Fact Teturn to normal with a bright pros | took t upon the |dental work, portland cement man: uilding campaigns the coming SPring.} GLASTONBURY, WV QRLEANS, November 1.—If|ject ahead. The pessimist has gone!natur: - state, par-{facture, modeling and surgical work lonlra(‘(m"s in this cl(y_ are preparing| Lhr tedel reszrve banks are any in- plans for 2.000 homes in the Squirrel dex to UK situation. Hiauidation 1y ar Hill district of this ¢ of the choicest r ———— NEW COTTON CORPORATION. BIRMINGHAM, Ala., November 1.— Samuel C. Dobbs of Atlanta is presi- which is one ential sections. accomplished fact,” according to Roy Osgood of the First Trust and Sav- s Bank of Chicago, in his annual address _as prcqidont of the Invest- ment Banks' Association b Builders funuml k_churchyard, '$10 dent of a million-dollar cotton export the bill is concern, organized here, and which We can furnish money i alme . wil e known as the Warrant Export |~ n amount for first class buf ng BY JAMES ALLERTON. | close prices are being maintuined, {and Discount Cornoration. The bur: loans In D. C. Consult our Losn Money to Loan |but demand was checked for a time Dept. at once. by the threat of the rail strike. pose of the corporation, as announced by its officers following organization, i8 to ship American cotton to Euro- pean mills, supervise its manufacture Special Dispatch to The Star. NEW YORK, November l.—Buyers| for retail establishments have flocked Planos & Trust into this market this week and are ¢xtending the scope of their purchases BRIDGEPORT, Conn., November 1 (Special).—The Cornwall & Patter- son Manufacturing Company, makers N ”Lr 420 Wasn. L. Joseph I and make returns to the owners of the cotton after the cotton has been manufactured. L9t and F n.w, | Money SHANNON & LUCHS M. 234 713 14th St. among more widely diversified 1Ines.|of piano and organ hardware, re , report Over a The activity is especially noted in|an encouraging increase of orders in|],638,600 LBS. IN FISH CATCH. In Any Sum ? the arvgoods trade. In aadition to | OFUGVET over August dnd Sepiember.| Yyolrox Novemner 1--A caten of Quarter || Gunemastion ey sally the seasonal demand for ready-to- e LS00 pounds of fish was L 5y here of a 1 r¥sh money in any amount for T wear garments, goods that can stll| pITTSRURGH. November 1 (Spe-|LCAriay: It was the lamsest in year Washington Real Estate En- V"W;"l”‘ Hfl ment (Sp nd was a quarter of a million bounds entury terprises. e be cut up in time to meet the deferred | cial).—The demand for tubular steel jmore than was landed here all last . . buying which has been a feature of "’;;"g;ml;ilrr)tlc‘:flagly standard pipe and | :\ eek. H.\dd‘?rl\ and cod made up the Without | Stone & Fairfax 2 zoods, is increasing, and | lirger part of it 1342 N. Y. A 242 this season are active. there has been a slight Letterment i a Loss | X. Ave. Hala 244 Cotton goods showed a more stable tendency this week and knit goods are at the helght of the season, with many plants running at capacity and some forced to work overtime to fill in inquiry for structural shapes. Pro- | duction now Is nearer 10 per cent of | capacity than H Furx. A Little Courage— “INTESTATE!” How often, on turning the pages of the morning paper, we find that Read i is ehowing o etoads heaimy | _NYEW YORK. November 1 (Special). and seli-denial is all_that is some, person of means has died without making a will. It is a shock S e ¥ -~—There has been a healthier move- | necded to start saving and vement. "Hiilders “are hoping for an open | IENY Of fury st rerail and this b [ i nitting o imdepindent || [l this authoritative book to fnd that a man of known judgment has been guilty:of such winter, which they belleve would T mae Tur Tris bty it oraers | income for the future. published by the New thoughtlessness. And yet... s b0 AIZ0 PLICCH G or trimming furs of the longer- 3 2 materlals. Work 1s being rushed ondbaired variety - IR SRR 4 . Courage suflicic | York Curb Market What provisions have you made ? suburbian construstion. n thl , 0 and live within o | niima Tor baniders: hardware. Liums = ttraCtl ve not 'jv,\"‘h"‘l l“ki pasiments wi f} The subjects covered You can be no more certain of life than were hundreds of others— ber prices continue on the upgrade. ) November 1 the funds you decide to save |} il sugéese | by ; L The demand for the non-ferrous e Gireentield Tap and Die " 1o he put in a safc investment | will suggest its great in. who died yesterday. Before the sun sets again, give thought to your metals has fallen off slightly. Cnpper,tfirhnm. ha gradually ncomes i dath o on. @ i terest tothosewhowant i s 7 i easing £ S H i i F is dull and lead has shown a !Andem.\i ereasin for the la date. A listle Sete- | to know more about will and to the appointment of a competent executor. toward softer prices. Hides perienced an advance and th: pected to be reflected in the leather market. Pittsburgh Area Pay Rolls Are Steadily Expanding BY H. B. LAUFMAN. Special Dispateh to The § PITTSBURGH, November 1.—The payrolls of the Pittsburgh district are steadily expanding. With money eir- culating more freely, general business is improving, not by leaps and bounds, hut with a steady healthy growth. “oal and coke production is accepted is employing about 550 f men and ruaning at 30 per cent of ca- pacity. _FORT WORTH, November 1 cial)—Farm implement dealer: still experiencing extreme dullnes: business, but automobile truck ers “declare the was the best selling we months in west Texas. d l.umhvr prluw L demand as building op- ve been renewed. Cement and brick also are becoming active. ! Metal Trades. 5 shore time vier of will one for vou a the Our November List of- fers a wide range of bonds and short term notes yielding attractive incomes at present prices. i Il 7% First Mortgages Sturt B. F. SAUL CO. Mortgage Loans 1412 Eye Street N.W. today —Don’t put it off. This list' will be sent on request for ML-428. The National City Company Washington—741 15th St. N.W. Telephone Main 3176 stocks traded on Associated trust companies of the United States have issued a pam- phlet on trust and estate matters, which we heartily endorse. We shall be glad to supply you with it on request, as well as with our booklet, “WhatYou Should Know About Wills and the Conservation of Estates.” In a non-technical manner, the latter covers a large portion of the trust field, with special reference to conditions in the District of Columbia. 3% Compound Interest Paid On Savings Capital and Surplus $5,400,000 “America’s Secend Largest Stock Market”: —Dividend Records, Earnings, Assets, Hold- ings of representative Industrial, Oil and Mining companies; Many Securities that have *‘graduated” with record of their price advance on this mar- 4s a reliable busi barometer in s this section. The H. C. Frick Coke| BOSTON November 1 (Special).— | Main 2100 ket. compuny has fired about 1,200 ovens|The Gillette Safety Razor Company | —_ during the last week- reports a tremendous influx of busi A copy of this illustrated While a comparatively small num- It is turning out 35,000 ruzors a | book given on request 2 3 I A ‘ ber of the total number of ovens owned by the company tion, the resumptions have put new heart into the coke trade. Already there are fears expressed of possible car shortuge. Coke prices are firm nd makerS are avoiding overpro- duction. There have been slight changes in the coal market. Steel production at present is prob- ably in excess of new business. The Carnegie company plant at Home- is operating at about 70 per and the Duquesne on a similar basis. The Na- any will be operat- per cent basis this The McKeesport Tin Plate “‘ompany and the Cannonsburg com- re in opera- pany.are operating at full capacity. i . The American Sheet and Tin Plate i F M Company 18 operating at about 80 per- Ovember 1 (Special) 81st Issue of Stock irst NMortgages cent, the same schedule being main- [-—No milk was delivered in New York | iSt% authorized by Act.of Congt tained by the Spang-Chalfant Com- pany. Trade Increases 10 Per Cent Over Sales in September BY L. 8. McKENNA. Special Dispatch to The Star. ST. PAUL, November 1.—Retail against 4,000 a year ago, .000 behind in its orders. and is Jewelry. NEW YORK, November 1 (Special). —The demand for novelties for the Christmas jewelry trade is incre: with the popular priced goods sought. There has been an in in diamond sales. Nuts, . November 1 FORT WOR' cial).—The Te well on the i ments from a day. Pr this morning. the milk having gone on str s and distributors today W With - arrangements to families. Large quantit miik | are being brought 1o distributing sta- | tions. Hospitals and nurserie: ing supplied. Milk companies are en- deavoring to replace the striking dr. ers and promise permanent position: to men Who go to work now. -The strikers ask an increase of pay of $ wugon driv EQUITABLE Co-Operative Building ! Association Organized 15879 YEAR COMPLETED £4.303,836.65 . $1,007,900.91 EVERY WAGE EARNER SHOULD SAVE marter what sour income INVEST Savpes in Safeguarded 8% National Capital QST Subscriptions for the Being Received Shares, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F St. N.W. N, Presideng REESIDE. Secy, Safety and Prompt Payment of Principal and Interest Assured The full reputation hind our ength of atety stments. onr be- for is inv JOHN JOY EDS| FRANK P, Ak us for UUS510 Jones & Baker Members New York Curb Mmlwt H Direct Private Wires joston Philadelphia 4 SECURITY & TRUST COMPANY 15th Street at Pennsylvania Avenue HOME SAVINGS BRANCHES 7th Street and Massachusetts Avenue, N.W. tighth and H Streets, N. E. 436 Seventh Street, S W. Mewmbers Lhnerican Bankers Association BALTIMORE OFFICE 433 EquitablqBuilding Telephone: St. Paul 8451 | - To All trade has enjoyed & brisk upturn in|, week. The former waj 37 ’ 3 e ge dhreemtnl Our & st Mortahges Time of sales for September. These| NEW YORK, November 1 (Special) I gin of that has char- sales are smaller than they were in October, 1920, but at that time this section had not commenced to feel the depression of business. Building | believed. There are a score of con- g i Unusual demands for in- operations for the year. so far as|ventions scheduled for this city and When You Invest in vestment to fnance | compared with a similar period & Year {ene big foot ball games will bring feces: le ago, show a gain of 54 per cent in number of projects and 93 per cent in_valuation. | There has been a decided improve-| ST- PAUL, Minn., November 1 e i] ourc ! ment in the estimates of the corn cml).——’l;we ru‘-‘op)erml\'e mnrk»u(ir.w }L.w\—-r the present oppor- | \ 5 in|agency here which was organized by MOR A S " % Presentomer 1l : } A et hane spomn | the Minnesota Farm Bureau Federa- | I ‘; ‘;E o ity to secure afe First || ican Telephone an elegrap ompany stock. ‘ an increase this week and there has|tion. now has been in operation for | A ages of t I | s eleven weexs. In that time it has acter at 8% interest will not |} d A heen a decided relief experienced in the unemployment situation. o4 v 5 i 5 o . . oid Local newspapers have inaugurated | sions for hondiing thelr Live stocks, it ] worqy and annoyance and. || is the time to safely ‘We believe that there are few, if any, concegns in this country whose positions are more secure early advertising and early shopping e . : i at B% bver campaigns as a means of stimulating the holiday trade, and merchants al- ready are advertising their Christ- mas goods with excellent results. A closed car automobile exhibition re- sulted in excellent sales. Collectio: are improving and are regarded as very satisfactory by the local credit men. Cash sales are showing a slisht gain above normal. Commodity Reports From Various Sections | Wools. NEW YORK. November 1 (Special).— Some woolen manufacturers in an ef- fort to meet the demand for low-priced woolen goods which will sell at $2 a vard and under recently have been buyers of carpet wools, which are being utilized for this purpose. MALDEN, Mass.,, November 1 (Sp: The = Reveree knitting mills, of sweaters, are doubling the pvember 1 (Special). —The an Woolen Company continues to purchase heavily of medium grades of wool, and most encouraging reports of production are coming from the various ; mills of the compax Cottons. OSWEGO, N. Y., November 1 (Spe- clal).—The Hayes Textile Compan; with factories here, has obtained a cor tract for furnishing 880,000 cotton un dershirts to the United States Navy. The order will aggregate $226,600. Leather. NEW YORK, November 1 (Special.)— The call for high grade upper leather has shown no sign of diminution in this LCANS ON FDeposits invited diany amount: Directors have now placed the Com; market and prices are firm. Small or- SAFE _DEPOSIT BOXES P! e pany S s dors are commencing to come from Eu- LIBER TY BONDS | N ti l S . & T t C upon a $9.00 per year dividend basis. Tes traditions are those of fair treatment and effcient BOSTON, November 1 (Specfal).—The B ":’r:flh;r"éfl..%?.’,fl ationa aVlllgS rus 0. service to the pubbf:;m pa_'sonnehs saturated with T Tor i, Eesn v leatacs Liberty Bond Exchange ! 55th Oldest Savings Depository in Washington | ||| Prospects these ideals, from its President, H. B. Tuavam, all léovrsz}alc‘rx;'\lfl‘:yex‘;m:t] et h':rmmg 1 St NW ! Year Cor. 15th and New York Ave. Trrnz is a lacge business in sight and the evidence through the organization and through the organiza- . done. Potatoes. GRAND RAPIDS, November 1 (Spe- cial).—Farmers in the Ellsworth sec- tion are rejoicing over the fact that the potato yield this fall has greatly ex- ceeded “expectation. As high as_ 250 bushels to the acre: have been har- vested. — Gratn. FORT WORTH, November 1 (Spe- etal).—Fall produce Is suffering from drought. some parts of the farm- ing country of the southwest no rain of consequence has fallen since July 15. Seeding of wintor grain has been held up by dry weather and pastures bave begun to suffer. the latest develop- bridge has led people to. safe incomes and financial inde- i Cranberries. ments in P pendence for fifty-two years without the loss of one penny Members New York and Boston Stock Exchanges ‘“-A‘RII—IHA.‘:‘V[}‘, Mans.,‘ Nove;nber‘ 1 C ] b. to a client. i 5 abe U623 cranbortion set by the o umbia 18 BROAD STREET 115 DEVONSHIRE STREET American Cranberry Exchange, is $15 a barrel, the highest opening price on record. The crop is very short, belng estimated at less than 160,000 barrels. Canned Goods. SACRAMENTO, November 1 (Spe- cial).—The tomato canning season is about to start in this section and prices have advanced on a strong de- ey % New York Stork Exchan 52 Years Without Loss to an Investor 3 s Members { New York Cotton Exchange » ’ . .y Chicago Board of Trade ’ 2 SAN FRANCISCO, November 1 (Spe- o the grape scason gipwe to —Hotel accommodations will be at a premium throughout this month, it is thousands to the city for a night or more at the we€k ends. saved its members $9,600 in commis marketing about 25 per cent of the cattle, sheep and hogs arriving at the local vards and charges its members —_— “The Partial Payment House” You Can Buy Bonds on our Partial Payment Plan Don't wait until you have the full price of a $1,000 bond before making your purchase, l Let us show you how you immediately profit by buy- ~ing good bonds now under our Partial Payment Plan. Write, call or telephone for a copy of our latest Market Letter. Smith,Lockhart & Co. ESTABLISHED 1911 Continental Bldg., Baltimore, Md. Members Baltimore Stock Exchange “Safety, Convenience, Profit” The Public Utility Situation is analyzed and dis- cussed in a special cir- cular which we have just prepared and which also sets forth Gas & Electric This circular will be sent upon request. Ask for C-51 William W. Cohen & Co. 67 EXchange Place, New York You Show Good Judgment | investments L cen almost b for tion ena FIRST ' | They give you freedom from Jle indefinitely. invest you a period of years when rein- vestments must be made at 1 fess attractive yield. Call or send for list of at- tractive offerings and book- Tet. THE F. H. SMITH COMPANY Tounded I8 815 Fifteenth Street 48 YEARS WITHOUT LOSS TO ANY INVESTOR 7% | In Denominations of $100 and Up i Safety is unquestionable ||, when placed by Shannon & Luchs Main 2345 713 14th St. Capital ang Surplus $2,000.000.00 You're Progressing —in the right direction if you're saving cash right along. The accumulation of a financial reserve is as gogg business for the indi- vidtal as it is for the well- run firm or corporation. fiThis fifty-five-year-old bank is paying interest on over 41,000 ‘open_accounts_and has in room for YOU growing fami, its ever- Safe Bridges ‘When you walk or drive across a big bridge you do not fear that the thing may collapse; you know that the engineers who constructed that great mass of steel knew their business. We have constructed a bridge to s: integrity, stability, safeguards, ymh,men( and sanity. safe investments, of This Swartzell, Rheem & Hensey Co. 727 15th Street N.W. ‘Washington, D. C. The Nation’s Home Town Telephone Users BecoMe a partner in the “Bell System” by purchase of Amer- BECAUSE: Distribution THe $515,000,000 stock of thisCompany isowned by morethan 75,000 different people,an averageofabout 29 shares toa stockholder! We believe that no other Company in the world, having no preferred stock, has so many stockholders. It has many stockholders in every State and is adding new ones faster than ever before in its history. Politically The Company is “Not N pourrics.” The Public Commissions Now know that this is trueand they know that the Operating Companies endeavor to be fair with the publicand with the Commissions. They therefore almost universally accord fair treatment to the Company. Financially Its assets in value equal not only all its indebtedness butalso at least twice the par value of its outstanding stock. Its stockholders have paid in, ¥ cAsk, rach more than the par value of the stock. There is no *“water” in the capitalization. Commercially s growth is’sure and steady—regardless of the ever changing business conditions. As it has come to be more and more recognized as a necessity, its expansion is_ more rapid than the growth of the country itself. Earnings Tue American TerepHONE & TeLecrAPH CoMPANY has never paid a dividend which it has not earned with a wide margin of safety. It is now earning at the rate of about $12 p:uhau. Record For forty consecutive years the Company [withitspredecessor] has paid uninterrupted dividends of at least $7.50 per share. The Character A CorPORATION may be quite right in all the above respects but still be unsound because of its manage- ment. This company is sound. This Company has CHARACTER in its Management, sound, honest, faithful intelligent cHARACTER. of the past points to an endless increase. tions of its associate companies. — ‘W= recommend: the purc!:ase of its shares, which are now selling at about xoS% per share, and should be glad to receive orders for any amount from one share up ‘or to give any further information desired. KIDDER, PEABODY & Co. NEW YORK BOSTON Branch Offices 45 EAST 42nd STREET 216 BERKELEY STREET NEW YORK BOSTON v-h—mn-lp.runcu-nunmhu Betein, but they are taken from sources which we believe to be reiiabie