Evening Star Newspaper, November 16, 1921, Page 25

- INNUAL REPORT OF MERGENTHALER 0 Earnings Show Slight De- crease—Regular Dividend Declared. BY L A. FLEMING. Shareholders of the Mergenthaler Linotype Company held their annual meeting at the home office of the company, Brooklyn, this morning. The company's fiscal vear begins Wwith October 1 and ends with Sep- tember 30. For the last fiscal year the corpora- tion made a net profit of $2,313.469.44, as compared with §2,430,731.63 for the previous year. While the net earnings show = small loss the year's result and the . Position of the company financially should be 2 source of satisfaction to the stockholders, as they are only slightly under the net of last year and show earnings over 18.07 per cent. The earnings for the month of Oc- tober, the first month of the new fiscal year, are given as $184,982.92, or about 1.4 per cent on the capital stock. ‘The assets of the company at the close of the fiscal year were $28, Bfll.f ), as compared with $24,8! , “plant, machinery and tools, which increased from $1,408,689 last Year to $1,948,037 for the year under review. Real estate has also increas- ed _some $430,000. These increased assets result from the erection by the company of a large building and equipment, financ- ed without debenture or capital en- largement. The whole plant is free from mortgage of any character. Moreover the surplus, which last year stood at $3,6: 9.52, has been ,Increasea to $9,661,208.96. One of the most important changes in liabilities is the reserve which has been built up for taxes, depreciation &nd general reserve, the figures now being $1,613,721.51 as compared with $600.502.29 for the previous fiscal year. The investment account has increa: €d moderately, this account includ liberty bonds, indicating that the corporation has held on to its liber- 1ies and has not been so pressed for cash as to have been forced to market them. Orders unexecuted at the close of September amounted to 407 machines. In the same month 170 machines were delivered. Regular Dividend Declared. At the regular meeting of the di- rectors of the Mergenthaler Company, held in Brooklyn yesterday, the regu- lar dividend of 2% per cent. was de- clared, payable December 31 to share- e Company has paid in div 1o its shareholders, $42.930,000. Federal Reserve Bulleti The Federal Reserve Bulletin for the month of November Jt is encouraging to business men it notes that ends FINANCIAL. THE EVE Né STAR, WASHINGTON, D. ¢, WEDNESDAY, NOVEMBER 16, 192T. NEW YORK STOCK EXCHANGE BOND AND CURB Received by Private Wire Direct to The Star Office. open. Ajaz Rubber. Alljed Chem pf. Allis Chalmers Am Agr Chem. llmm Chemlcal... 4% Am Bank Note.... $& 28 Am Brake Shoe. Am Brake Shoe pf. 93 Am Can. Y% Am Can pf. Am Car & Fdy.. . Am Agr Che:n pi Am Car & Fdy pf.. 115% Am Chicle Co...... 9 Am Cotton Ofl.... Am Cotton Ol pf. Am Smelting. Am Smelting pf. Am Tel & Teleg. Am Tobacco. Am Tobacco (B) Am Tobacco pf (n) 9% Am W Wks 6% pf. _'l;':’- . Atlantic Cst Line.. Atlantic Gulf 8i Atlantic Gulf pf... Atlantic Petrol... Raldwin Loco. Balto & Ohlo pf. Reth Steel (B). Beth Steel 8% pf. Bklyn Rapid Trn.. Bklyn Union Gas.. Butte Copper. . California Pckg. -« California Petrol. Calumet & Ariz. Canadian Pacific Central Leather.. . Central Leather pf Cerro de Pasco. Certain-Teed ~handler Moto! Ches & Ohio. ~hi Great W pf. ~hi Mil & St Paul. Chi Mil & St P pt. Chi & Northwn *hi & Northwn pf. 107 Chi & Nor! Iy ChiR I & Pacific Chi R1& P 6%Df.. ChiRI&P1%PL.. Chile Copper. ...-« Chino Copper. Cluett Peabody. -+ Coca-Cola. Colo Fuel the improvement | ~]o & Southern. t has Leen going on for the pastioio & Southn 1st. 1wo months has distinctly 10 increase in momentum, while some _change the line of betterment are noticeable in certain foreign coun- tries. continued | i Colo & Southern 2¢ Columbia Gas. ... Columbia Graph. Columbia Grph pf. Referring to unfavorable exchange | Cons Cigar. conditions with foreign countri the | Cons Cigar pf..... bulletin continues: “It is remarkable | Cons Gasof N Y- that in spite of these discouraging condition: the export and import trade of the nation continues at a \Iigh level. September shows but a loss of $31,000,000 in our net favor- able balanc Attention is called In this number to the large number of foreign branches of American fiscal_institu- tions that have been cloBed, either temporarily or permanently, for the reason that it was not wise to tie up more banking capital in such markets. Fourteen branch banks and agen- cies have been closed. The Lincoln National Bank has re- ceived authority from the Federal Re- serve Board to act as trustee, exe- cutor, administrator. registrar of stocks and bonds. guardians of es- tates, assignee, receiver and commit- tee of es'ates of lunatics, ete. Stocks Take the Lead. On today’s session of the local stock exchange trading quited down ma- terially, and the relatively light busi- ness was_limited largely to shares instead of the usual bond activit; 'or the first time since the listing | f the Refunding 7s of the Potoma: Iiectric Company there were no Cons Intl Cal Min. Cons Textilt Cuban-Am Sugar. Cuba Cane Sugar. ~uba Cane Su pf. Davidson Chem De Beers Mines. Del & Hudson. Elk Horn Coal Endicott-Johnson. Endicott-John pf. Eri Famous Player: Famous Plavers pt Fed Mines & Sm. «« Fed Mines & Spf.. Fisher Body. Fisk Rubber. Freeport Texas. Gen Asphalt. Gen Asphalt pf Gen Cigar deb. transactions in these bonds, but the ; Gen Electric. asked. rusual 102% was bid and 103 5s at 821: furnished Washington Gas the only bond tran: on of the day Capital Traction w very strons, smaking a new high on this movement Wwhen it sold at 90 to 901, Railway shares. which were active yesterday, were nominally firm today. There were nine trades in Mergen- thaler Linotype shares, the aggregate eing but thirteen shares, m .sales being in one and two share lots. ‘The price was uniform, 13015, the high of the year, a high made with- out the actual transfer of more than twenty-flve or thirty shares of stock between 124 and 130%. Reserve Bank Anniversary. ‘The federal reserve banking system is seven years old today. It was not | | | i i Gen Motor: Gen Mot €% del Gen Mot 7% deb. Goodrich. Goodrich pf Granby Consol. Great Northern pf. Great N-‘::r ore Hupp Iiinots Central spiration. ... }:t:rboro ‘Metro. Intl Agr Chem. inaugurated in time to save the day|Intl AgriChem pt. o when the world war started on its ash through civilization, *but the temporary duty was handled with fair afety by the Intl Cement Intl Harvester. Int] Mer Marin! Aldrich-Vreeland | [nt] Mer Marine pf mergency ocurrency act, a measure | ntl Truck 15t Pf. that saved panic and disaster. The financing of the war—that is, the American financing—could never have Tieen accomplished under that act, and 1herefore it was especially fortunate 1hat the reserve act was ready to aid in financing the sale of $17.000,000,000 {:"“T“ an! Jibertes. The federal reserve banks have play- cd an important part in the inflation 2nd deflation and have been extremely useful to the nation. Stock Exchange Election. The annual election of the Wash- ,Fugene ¥. Thompson as president; . L. Claughton, vice president; Car~ yoll_C. Glover, jr., secretary, and O. 1. P. Johnson, treasurer. John L. Edwards, Carroll C. Glover, | jr, and R. L. Claughton were added 10 the board of governors. After the election the board of gov- ernors met and named Charles J. Bell as chairman for one year. DIVIDENDS DECLARED, Stock of Pay- able. ‘né’fi;.'l v i b Dec. 31 Jm. 3 Dec. 15 Jan. 1 Dec. 15 Dee. 15 Jan. Dee. Dec. Dee. 15 Dec. 15 American Telegraph and Tele- hope Co., G, $2.50. Dee. Mills, q, & Paci Root < Mill, " Ltd,"q, “Nov. 21 FOREIGN EXCHANGE. NEW YORK, November 16.—Foreign exchange strong. Great Britain, de- mand, 4.05%: cables, 4.00%; sixty-day bills on banks, 3.97%. France, de- mand, 7.28; cables, 7.28%4. l!lally. de- mand, 4.19%; cables, 4.20. Belgium, cables, 7.02. Germany, cables, 39. Holland, cables, 35.10. Norway, Denmark, demand, 18.32. Switzerland, 18 Spain, demmand, -13.70. Argentina, de- |Ot L, demand, 12.87. i Int! Nickel. . Intl Nickel P intl Paper. . invincible Oil.. Island Ol sas City So\‘l- as C Sou pf. ::.::u & Gulf Co. Kelly-Spring Tir Kelly-Spr 6% pf. Kelsey Wheel. Kennecott. [u;:.l‘:d Gas. o Lee Tire & Rubber Lehigh Valley.... 66 Liggett & Myers. | Loews Inc Manhattan Shirt.. 30 Market St Ry pr pf 31 Marland Oil 20 Maxwell (B). May Dept Store: Mexican Pete. Mexican Pete pf. Miami Copper. 24% Midldle States Oil. 4% Midvale Steel. . U% Minn&StL (n)... 7% #o Kan & Tex. Mo Kan & Tex pf. Mo Pacific. . 18% Mo Pacific pf. ° Montgomery Ward 16 Natl Acme. 13% NYChi &StL. N Y Dock pf. NYNH& H: N Y Ont & Wes N Y Shipbuilding.. 18 Norfolk & Westrn. 9% North America. North America pf. Northern Pacific. Nova Scotia Steel. Oklahoma Prod. Orpheum Circuit.. 18% _18% Elevator, | Otis Steel. High. 19% 49 Low. Close. 1% 19 4 st 5% 8% % % 40% 82 2% 13% [ 85 81% 68 n% 125% 122% 9% 17 Ea a% 15% | = ki 69 108 2% 68% 80% 12% 2% © 37% | 24% | % 65 5) 17 23 €0 90'2 6% | 15% 50 83'% 5 W% 1% 2% 843 2 2% % 42% ¢ 3 65 24% 10% Open. Pac Development. Pac Gas & Elec... Pacific Mail. Pacific O1l. Pan-Am Pete. . Pan-Am Pete (B). Panbandle. . Pennsylvani: Penn Seabd People’s Gas. Pere Maraquette Pere Marq pf. Phila Company... Phillips Petroleum Pierce-Arrow Plerce-Arrow pf.. Plerce OIl. Pierce Ofl High. 8% 3% a. . Pond Creek Coal.. Pressed Steel Car. 61 Producers & Ref.. 28% Pullman Co. 09 Rand Mines. Ray Con Copper. . Reading. Reading 1st pf. Reading 2d pf. Rep Iron & Steel. . Rep Motor Truck. 7% Remington Type.. 24 Royal Dutch 7% St L & San F 21% St Louis Southwn. 21% Seaboard Air Line. 4% Sears Roebuck. Ld Seneca Copper.... 2% Shattuck-Arizona. 6% Shell Trad & Tran. 87 SinclairOfl. ... 5 Southern Pacific. Southern Rallway Southern Ry pf... Stand Oil of Cal. Stand Ofl of N J Stand OIIN J pt. Stromberg Carb Studebaker. . Submarine Boat Superior Ol ‘Tenn Copper. Texas Company. Texas & Pacific... 21 Texas & PC & Oll. 29% Tobaceo Prod. 0% :‘,rann ContloMl... nion Bag & Union Ofi-, g Unlon Pacific. Union Pacific ps United Drug. United Fruit. % United Retall Strs. 51% US Food Prod. ... U S Tndus Alcohol. US Realty U S Rubber. 9 7% 1% a% 55! U S Smelt & Ref. m‘t USSmelt Ref pf.. 89% U SSteel..........'82% U S Steel pt. un% Utah Copper. Vanadium Corp Va-Car Chem. Va-Car Chem Vivadou. Wabash. Wabash pf A. Wells-Fargo Exp. 65 Western Md...... 8% Western Pacific... 20 Western Pac pf. Western Unfon. Westhse Alr Brke. 96 Westhouse E& M. 47 White Motor...... 37% White Oll. 12% Wilson Company.. 2% Willys-Overland.. 6 Worthington Pmp. 42 Worthington (B). - 63% Wright Aero... 8% Call Money..... % M HOURLY SALES OF STOCKS. 210200 ip.m. 307 495 800 Grain, Produce and Live Stock LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, per doz., 66; average receipts, 64. Live poultry—Roosters, per Ib., 18, per b, 40a42; chickens, 5a26; hens, per Ib., 25 keats, voung, each, 80a7 Dressed poultry—Fresh killed spring chickens, per 1b., 30a32: hens, per Ib., 28; roasters.. per Ib., 22; turkeys, per b., 45a48; keats, young, each, 60a75. Pork—Dressed, small, per Ib., 12a12%. Live stock—Calves, choice, per Ib., 123al3: lambs, choice. per lb., 8%a9; live hogs, per Ib., 8. Green fruits—Apples, per bbl, 6.00a 11.00; per bus. basket, 2.50a3.25; wes California California ern, per box, 2.50a4.75. lemons, per box, 3.00a3.50. per crate. 6.50a7.50. Grape- 3.75a4.50. Florida oranges, 4.00 2pm... tu as. Vegetables—Potatoes, new, per bbll, 3.00a3.75; per sack, sweet potatoes, per bbl Lettuce, nearby, per crate, North Carolina, per crate, Celery, per doz., 75a1.00. Romaine let- tuce, "1.25a2.00. Cymblings, per crate, 3.00a4.50. Spinach, per bbl., 2.00a2.50. Onions, per 100-1b. sack, 5.50a6.00. Cab- bage, 2.50a2.75 per bbl. Cucumbers, 5.00a5.50. Eggplants, per crate, 3.00a .00. Tomatoes, per box, 2.00a7.00. Beans, 1.50a2.50 per basket. Lima beans, 50a65 per qt. Sprouts, 15a 25 per qt. —_— DAIRY MARKETS. BALTIMORE, November 16 (S8pe- cial).—Chickens—Live, young, pound, 24u25; poor and white leghorns, 30a 22; old hens, 22a25; poor and white leghorn ducks, 32a40; pigeons, each, 40a80. pound, 38a43; chickens, 25a oosters, 17al18; ducks, 25a28; geese, 25a30. Eggs—Loss off, native and nearby, firsts, dozen, 62a65; southern, 558, Butter—Creamery, fancy, pound, 4 prints, 47a49; nearby creamery, ladles, 30a32; rolls, 28a30; store pack- ed, 27a28; dairy prints, 28a30; process butter, 35a36. W YORK, November 1 -Butter receipts, 14,529 tubs; cream- ery igher than extras, 46a46 creamery, extras (92 score), 45a45 creamery, firsts (88 to 91 score), 37a 44; packing stock, current make, No. 2, 281529, x Eggs—Staady; receipts, 18,703 case: fresh gathered, extra firsts, 65a68 do., firsts, 58a64; New Jersey hennery, whites, extra fancy, candled, selec- tions, 98; nearby and nearby western chites, firsts to average ex- hennery _browns, nearb: gathered firsts, to 58a71; refrigerator, special, m.‘glrks. fancy, 38a39; do., firsts; 351 a37. Cheeses — Firmer; . receipts, boxes; state, whole milk, flats, fresh, specials, 213%a22%; do., average rum, 21; 'state, whole milk, twins, spe- % cials, 2113a22%; do., average rum, 21. _ GRAIN AND PROVISIONS. BALTIMORE, November 16 -(Spe- cial).—Potatoes, new, 150 pounds, 3.00 .51 0. 2, 1.75a22.00; 100 pounds, 1.76 5; No. 2, 1.00a1.25; sweets and yams, barrel, 2.50a3.50; No. 2, 1.50a 1.75; bushel, 75a1.15; beans, hamper, §.00:21502:5 ge.!b ‘bunch, 3a: ushel, 25a. russell sprouts, quart, 20a23; cabbage, ton, 25.00a40. ;.n.r- rots, bunch, 3a4; caulifiower, barrel, 4.00a5.00; celery, dozen, 40aT! 2.00a4.50; cucumbers, crate, 2.5023.50, eggplants, crate, 2.5023.50; horserad. lzn5h,50buuhel. 38.50a4.00; lettuce, bushel, 250. 3 18% 0 15 % 8% 2% 3% 17% 04 8% 8% 8% 8% Lima beans, bushel, 3.00a4.00; on- ions, 100 pounds, 2.00a5.25; oyster- plants, bunch, 7a8; parsnips; bushel, 75; peas, hamper, 3.50a4.00 crate, 2.50a3.5! 5; spl q . crate, 2.50a3.50; nips, bushel, 75a80. Apples, packed, barrel, 5.5027.50; No. 2, 4.00a5.00; box ‘' apples, 2.00a3.50; loose, 100 pounds, 2.00a2.560; cranber- ries, barrel, 17.00a19.00; grapefruit, 0x; 3.00a4.50; oranges, box, 2:50a4.00. Selling Prices at Noon. Yheat—No. 1 red winter. apot, no tur- rie general’ lien 4 General Blectric s i Goodyear T4 M 1,543 MARKETS. Curb. (Furnished by W. B. Hibbs & Co.) Bid. Asked. % 10% Bonds. (Furnished by Redmond & Co.) ©. 8. LIBERTY BONDS. Libetty 3 Liberty 3 Liberty 24 4s. . Liberty lst 418 . Liberty 24 434a. . Liberty 34 aé . Liberty 4th 4 Victory 4%; OTHER BONDS. French Government §s, 1045 93.22 | Aetna Explosives Allted Ol 6 | Arkansas Natural Ga Atlantic Lobos California Crushed Fruit . Calumet and Jerome . Carbon Steel Carib Syndicate Car Light and Powe Citiew Bervice (new Oitles Service (old) Cities Service pfd Commonwealth Finatce Consolidated Copper . Continental Motors Creason Gold Davis-Daly . Dominion 01 . Durant Motors Atchison, Topeka Atlantle Coaat Line 1 t asin, .. Engineers* Betroleum Fureka Crocsus Burlington (N Canadian (Can. udian Nor. 7s, 1640. Centra) Leather Ss ‘entral Pactfic 44, 1949 . Chesapeake and Ohlo conv. 438 Chesspeake and Ohlo gen. 4 Chesapegke and Obio conv. 5s. Chi., Mil. and St. Paul refd. Chi., M Bethlehem Bteel refd. r.G, Lincoln Motors . Lone ta . M Copper bo_ il R, hi. Unlon Station 6iys. Consolidated Gay 7s Cuba Cane Sugar Ts d Hudson s, 1980 1931 idwest Retining Ce Mountain Producers’ Grand Trunk 7s, ret. D | Great Titinols Central o nois Central 5gs Saw (s International Mercantile Yiplusing Mi Tyansit North American P. Ni vorthwestern Oll mar Ol (new) Pennok OIl . Perfection Tire . Producers and Refines Radio com. Radlo_pfd. . :flv Hercules eynial kyan Consatidated Nalt Creek Producing . Salt Creek (new) Bapulpa com. Simms Petral Inter. Rapid Loutsille Reading gen. 5o eading gen. 48 St. L. and St. L. and St. L. and Seaboard Alr Line 6« 7! Southern Pacific 1st ref. 4s. Southern Pacific conv. 4a. Southern Railwuy gen. 48 . Southern Rallway 5s Union Pac'fic 1at 4s Tnion Pacific cony. 4 Tnion Pacific x, 1928 . CTnited States Rubber 5 ten Rubber Wayne Coal . West End Cons. Wright-Martin . CHICAGO— Armour Leather com. ‘Armour Leather ptd Armour pfd. Cudal Tnited Sta United States Steel s. Vacuum O1l Corp, 7s, 1938. Virginia-Carolina Chem. T34, 1982 Weatern Union @4s, 1986 . Wilson & Co. 18t 6 .... SHORT-TERM BBOURITIES. I American Tel and Tel. 6a 1922... 99 ‘American Tel. and 6a 10240 908 American Thread Co. 0n 1928... 99%] American Tobacco (o, 7s 192310 American Tobaceo Co. Ts 1923.. Anaconda Copper s '1920...... Anglo-American O1l Tls 1925 Armon 78 1 Swift & Co. CTnion Carbide O1L STOCKS. Anglo-American Ofl Co. (new) Borne-Sersmser Co. Ruckeye Pipe Line Co Cheseborough Mfg. C Continental Ol C Crescent Pipe Line Co. Cumberland Pipe Line om 7 1 Bethlehem Steel 78 Canadian Paeific 6s 1927, Central Argentine 6s 1927, Chi.. R. I and Pac. G 1932, C. and 8¢, L 6s 1029, N. Y. 8 1921 inois Pipe Line Co. Indiana Pipe Line Co National Transit Co. ew York Transportation Co. Northern Pipe Line Co. Ohlo Ol Co. Copper Export Copper Export * Copper Export * 1003 hritd ¢ 1014 | Brairte 011 and Gan Co. 10874 ! Prairie Pipe Line Co. ;| Soiar Refiming Co. . F. Good uthy A Quif 01 Corp. Ts 1 oo H. J. Heinz 7s 1930. Hoeking vai l&lnmhk Ofl 1928, m ennecote Copper 7 Liggett 4 Myeps 65 1921 Pl\'fi(fl - fllm‘ T8 1922, Kears. Southern Raflway 84 1922. 1925, me o Washington 01l ‘Go. Southwestern Bell Peunsylvania-Mexican Fuel 8wift & Co. 70 1925 —_— FOREIGN EXCHANGE. Selliag checks—dollar values at noon today. Ral atarity. @ December 15, 1 B34e February 18, 1t March 15, 100% 160 100 11-16 100 13-16 100! ¥ 1001116 100 1316 1 100332 118 102 101 9-16 e EQUITABLE Co-Operative Building foomenye] I sersres - o ty-s-vet SAVE SYSTEMATICALLY Tnless you adopt a systematic sav- ings plan, very little will be accom- plished in a financial way., Join the Equitable. ibecriptions for the 82d Issue of Stock Being Recelved Shares, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F 5t. N.W. JOHN JOY EDSON, Pres| OENE P, REESIDE. l“-é,' quotations; No. 2 red winter, spot, 1.08%: No. 3, 1.03; No. 2 red winter, garlicky, spot, 1.06% November wheat, 1.06%; December, 1.07%. Sales—None. Corn—Cob corn. old, yellow, quoted at 2.40 and 2.45 per barrel. Contract corn, spot, 68 nominal: track corm, yellow, 2 or better, old, domestic, 821, and 63. Sales—None. Rye—Nearby, 75a80 per bushel; No. 2 western export, spot, 82% nominal per bushel; No. 3, no quotation: Hay—Recelpts, 49 tons; demand is limited and small receipts ample- for trade requirements at 16.00 to 21.00. Oats—White, No. 2, 4214 per bushel; No. 3, 39%a41 per bushel. Straw—No. 1 straight rye, nominal; No. 2 straight rye, nominal; No. 1 wheat, 13.00; No. 1 oat, 14.50215.00. CHICAGO, November 16.—Wheat scored a moderate advance in price today In the early trading. 1k of a loan to Germany was a bullish factor, and so, too, was strength in foreign exchange. Continued dry weather in the southwest acted as a further influence on the buying side. Initial quotations, which ranged from 1% to 7% higher, with December 1.04% to 1.04% and May 1.07%; to 1.08, were followed by some additional gains. Seaboard bidding for corn helped to strengthen both corn and oats. After opening unchanged to %a¥% higher, May 52% to 52%, the corn. market continued to harden. Oats started % off to a shade ad- vance, May 36% to 36%, and then became firmer all around. Provisions were steadied by up- turns in the hog market, as well as in_grain: Potatoes, slightly weaker; receipts, oi ; shipments, 6.98; northe! cked, 1.75a2.00 cwt.; bulk, 1.80a2.05 cwt.; sacked red rivers, 1.60a1.65 cwt; bulk and sacked early Ohios, 1.00a1.40 cwt.; one car Ohio russets, 2.25 cwt. CHICAGO; -November 16.—With sters ling exchange at the highest figure of the year, downturns in the wheat mar- LOANS If you have money to in- vest we can safely place it on gilt-edge first D. C. Mort- gages. Our record of 30 years insures your protection. Cour- teous treatment. Percy H. Russell Co. S. E. Cor. 15th & “K” Sts. although unsettled, was higher, with' December and May, 1.09% to 1.09%. Scantiness of ‘corn receipts helped give the market a more pronounced up- turn later. ‘he: close was firm, to 1%al1% 'net higher, with May 53a53%. 4 H Low. Close. oy Tork e 1.08% 1.0 110% 108 1.09% 4T ."a AT TR ST B81% 31% NEW YO November 16.—Lard ! B idls weet, B0R9.50; ofher | E.D. sa_mp’on articles unchanged. . General Agent The Connecticut Mutual Life Insurance Company 0ld—Strong—Reliable —has furnished insurance to its members cheaper on the whole than any other American & Company. 374 —_— CHBICAGO LIVE STOCK MARKET. CHICAGO, November 16 (United; bureau of markets).—Cattle— 12,000 head; medium and slow, dull; other and classes opened about; dy; elrlz top on killing steer: bulk beef steers around b6.76a | 8.40; butcher cows largely, 3.00a4.00; ! heiters mostly, 4.0025.00: bulk can-' ners and cutters, 2.26a3.85; most bo-: logna bulls, 3.15a3.35; calves, steady; rly top, 8.50; stockers and feeders, largely, 4.50a5.85. 4 ‘Receipts, 19,000 head; slow, y 10 to 15 higher than yester- day's average; 150-pound avera 7.25; practical .top early on butcher and lights, 7.10; bulk, l.'lil?.fl(l:&l(l. :tron “to 25 higher; bulk desirables, | ‘Sheép—Receipts, 14,600 head: ‘fat 1amby ly, work! lower; early top, 9.35; bulk, 8.75al fat sheep very slow} nothing choice sold early; talking steady on feeder lamhs . E. H. Rollins & Sons Founded 1876 416 Woodward Bldg. 15th and H Streets ‘Washington, D. C. Phone Main 2027-2028 New York Philadelphia Denver Fraucisco Boston Chicago Canadian Bonds Issues at Prices to Yield From 5.90% to 6.50% Send for list of oficrings. While You Save | at 8% Under our -Ten-Month In- vestment Savings Plan you buy $100, $500 and $1.000 Na- tional Capital First Mortgage Bonds, doubly secured by business property in Washing- ton, D. {iYour savings earn 8%. Please address Dept. 22 The F. H. Smith Co. FOUNDED 1873 815 Fifteenth St. NW. KARDOS & BURKE American Bulldiag Baltimore Phene Calvert. 19% Attention, Builders Stimmlation of home building. The Natioual Mortgage and Investment Cor- poration is in tie market to purchase Second Trust Mortgage Notes on improved Real Es. tate, payable monthly: and notes secured by Deeds of Trust on undivided interests in Real Estate. NATIONAL MORTGAGE AND INVESTMENT CORPORATION “Temporary office, wbury Bldg. Sye Street 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 FINANCIAL. 15 Years —without the loss of a single penny in either principal or interest is only one of the many reasons for imvestors to buy gooa 1% Gilt-Edge First Mortgage Loans No_Investment Better, Few As Geed. Send for full details. Certi- fled titles and insurance pol- icles furnished with notea Conservative, courteous con- sideration to all our clients. Notes from $250 up to $16,000 Now on Hand Chas. D. Sager Loan Dept. M 36 223 h 0 Difference it is one thing to maintain a flawless record in a few trans- actions stretched over a long period of time, but quite an- other think to stand the test of a constantly increasing volume of business in First Mortgage Notes without loss to_any client. During 52 years we have handled over a hundred mil- lion dollars for thousands of clients. Swartzell, Rheem & Hensey Co. 727 15th Street N.W. ‘Washington, D. C. The Nati Home Town Years Without Less te an I r Money to Loan -, Secured by first deed of trust on real amtate, ¥ Prevalling isterest and_commission. Joseph I. Weller LOANS ON LIBERTY BONDS Bonds bought asd Sold. Registered or Bond 604 14th St. N.W. Automobile SURANC e Drive Your Car Without Worry —Dby letting us protect your car against theit, fire, liabil- ity, property damage and col- lision with stationary or movable objects. Every day automobile acci- dents occur. Are you protected against loss in the event you have an accident or if your car is stolen? The feeling that when your turn comes you are in« sured is alone worth the premium. B. F. SAUL CO. Automobile Insurance 1412 Eye St. N.W. Main 2100 Ny SAMUEL UNGERLEIDER & CO.| New Willard Hotel Mezzanine Floor i James Sloan, Jr., Manager New York Stock Exchange Pittsburgh Stock Exchange MEMBERS Cleveland Stock Exchange Columbus Stock Exchange Chicago Board of Trade Telephones Main 3364-3367 Leader-News Bldg., Cleveland, Ohio Chamber of Commerce, Columbus, Ohio J. S. Bache & Co. and Halle & Steiglitz New York Correspondents In Any Sum Qur connectfons locally and in other cities enable us to fur- nish money in any amount for Washington Real Estate En- terprises. Stone & Fairfax We solicit accounts of firma and individuals desiring & mod- ern banking service. Monthly statement service. 1336 N. Y. Ave. $5,000 Life Policy, $57.35 Ase 40. Send aate of birth for Illustration Established 1865. Assets over $130,000,000. M. LE ROY GOFF, Insurance Adviser All branches Room 610 Woodward Bullding. M. 340, When you want information in a hurry —about stocks that are showing activity —quotations —Ilatestnewson a com- pany or the price range of the stock —how to buy or sell stocks Come in or phone us. Well- posted representatives are at your service. A copy of Traders Hand- book explaining many points about stock market transactions is yours on request. Ask for U.U-517 embers New York Cur Market | Private Wi Direct ires H New York Chicago Boston Philadelphia Pittsburgh Detrolt Baltimore Cleveland | _-—f—;A:LTEiORE FFICE Telephone: St. Psul 8451 P STOCKS—BONDS—COTTON—GRAIN—SUGAR—COFIEE Bought and Sold on Commission ot v SECURITIES AND COMMODITIES REVIEW FREE, UPON REQUEST. A. A. Housman & Co. 20 Broad Street, New York MEMBERS: NEW YORK STOCK EXCHANGE NEW YORK COTTON EXCHANG NEW YORK PRODUCE EXCHA NEW YORK COFFEE AND SUGAR EXCHANGE CHICAGO BOARD OF TRAD ASSOCIATE MEMBERS OF LIVERPOOL COTTON ASSOCIATION Washington Office MAIN FLOOR CORRIDOR—WOODWARD BUILDING Telephone Main 2040 T R E CHARLES R. ALLEY, Mgr. Once Again, The Eyes of the World Are Turned Toward Washington The business before the Conference on the Limi- tation of Armaments has the attention not only of Washington and of the United States, but of the world. Those who have come here on official with the fullest performance of their duties. The American Security and Trust Company offers its banking and trust facilities to these visitors, with the assurance that it can help to free their large and small. 3% Compound Interest Paid on Savings Capital and Surplus $5,400,000 ¢ AMERICAN ¢ SECURITY & TRUST COMPANY 15th Street at Pennsylvania Avenue HOME SAVINGS BRANCHES 7th Street and Massachusetts Avenue, N.W. Eighth and H Streess, N. E. 436 Seventh Sereet, S.W.