Evening Star Newspaper, November 25, 1921, Page 29

9 s SRR R AT R e 2t R ; FINANCIAL. i THE EVENIN STA“'R!” ASHING !‘b 'O, FRIDAY, NOVEMBER 35, 192 FINANCIAL 29: BOND AND CURB MARKETS. |Washington Stock Exchange /", the Pt Perne o || LIBERTY BONDS | Attention, Builders | [© R Bonds. © Curb. > T 8, Liberty 8. T 8! Liberty 15t 4 8. Liberty 2d 4. Potomac Electrle g. m. Ge—$1,000 at . ""fi FOR CAsX. Stimulstion of home buildiss. i 'Ih Qurulahed by Bedmand & Co.) B K B e t':&:’un':'fiigl: ';'F'é:";gé' ; If you have money to in- o Pt Lib“ty nd EXChange fi" : i renase ‘Sesamd } € man 9 —12:] o 3 H H i Lt e Lo A, | 000 v 100 doo UL WL A vest we can safely place it on Keepmg the P“bllc 604 14th Street N.W. [ ; who Wants L [31ic0n 2t 163" 41000 ol 108, 41,000 at 18%; | gilt.edge first D. C. Mort- R e it %. A o Tk o1, 0 OIIt of tlle Market -!';..A.;;IONAL MORTGAGE AND 1 $9% | gages. Our record of 30 years 1 ividend E R A R i insures your protection. Cour- i Money to Loan INVESTMENT CORPORATION obe oad 8 o | Commercial Natlnal Rank- 415 il teous treatment. Furlous activity, wild pec- || g iy by gest doed of trost on reat eatate, records,earnings,and {l° . Victory {%s. 8 8 | VUnion Trust Company—10 at 118%, 10 at ulations, rumors of large || " Prevailing Inferest aud commission. profit evidences of many . Vietory 3%,3. o 7 |usu earnings, declaration of | Joseph I. Weller Dar o ana'r amr | . | Percy H. Russell Co. S. E. Cor. 15th & “K” Sts. Calumet and Jerome Potirine Bl om CALL, o0 at o8 stock dividends. Result: the stocks should read’ {arbon_Steel Wasiington Gas Se—$1.500 at By, 1, public buys securities. Carib Syndicate 2 ‘3‘?: 841, $2,000 at 841, $1,500 at 843, the official 40-page book i £ § g pe gy [ SAMUEL UNGERLEIDER & CO “America! : ¢ = i i 'America’s 4 Kingdom Cities Neryice 0d- s fal "",‘.;‘,:’,,,3‘{5;{},.',’;_ Market inactive. business : > $ Ringdaz: Consolidated Copper : Bl - Askad, dull, statements bad, pessi- Brol Second Largest American Tel. and Tel American Tel and Teig: Am. Tel. and Tel. ctl. ' “Tel. und Tel. Coutinental Motors . Cresson Gold ...... Davis Daly Duominion 0il . mism everywhere. Result: . Stock Market” the Insiders buy securlties. || New Willard Hotel AT First Mortgage Jolas 0 This was in 1921. o ‘We will give a copy without e Leadenlup T, ey Mezzanine Floor " obligation —and, supply you cpartment M for Our with latest news on the stocks Siseand Fuve What STERLING is to sil- November. Market Letter James Sloan, Jr., Manager Meteopolltan Sic wer, the name of Swartzell, ' 5 i Potomae Electrie. co Rheem & Hensey is to a MEMBERS 3 5 Potomac Elec. Pow First Mortgage Note. SIIII.flI i &C New York Stock Exchange - Cleveland Stock Exchange B nrock Ol Botcrnc Klac: Bomer o h, Lockhart&Co. | Pittsburgh Stock Exchange Columbus Stock Exchange ONES & DAKER fTey-Gillespie 58 Each purchaser of our notes : . Intercontiuental ESTABLISHED 1911 Washington Gas Wushington Gas Tls. Chicago Board of Trade Members New York Curb Market | Washington Rwy. and Ele ‘ssz iprotected by every possible Continental Bldg., Baltimore, Md. i i) Wash. ftwy. and Elec. g cguard known to our ex- haal | Telephones Main 3364-3367 e Neertenn 2o L tiggs meatty Su loni ceutives, their experience ex- 7 i : Lea o B B Rodk T i | TIEER Realy s cohorty tending’ through 52 years Stock Exchaawe der-News Bldg. Cloveland, (Ohlo E BALTIMORE OFFICE 433 Equitable Building Telephone: St. Paul 851 Washington Market fis, 1021 Wushiugton Market e, 1947. W. M, Cold Storage ow.... Tnion Station without loss to an investor. Swartzell, Rheem & Hensey Co. Chamber of Commerce, Columbus, Ohio J. S. Bache & Co. and Halle & Steiglitz New York Correspondents “Safety, Convenience, Profis” $5,000 Life Policy, §57.35 . | Age 40. Bend ante of birth for (lustrati T B R LE ROY GOFF, Insurance Adviser 'OCK. PUBLIC UTILITIES, ‘elga. 118 Norfolk ana Wash d Elec. Waeh: Twy 727 15th Street N.W. Room 610 Wosdward Suitiins. M. 340, American Commerclal Distriet 52 Years Without Loss | Farmers and M 0 an Investor i Over a . c Quarter i s New Income Tax Law ! Century An Explanatory Analysis At el Dividend Pay; i g < S Eouis and o -| Dividend Paying : a Loss. + Touis i ;:E‘"}:a Prefe"ed stfl :l 'l How Much Are You We have prepared for the use of our customers an explanatoxg analysis of 3 o) the New Income Tax Law which has just been enacted by b r ngress and signed by the President. Worth? It depends a great deal in the class of investments you East Washington Merchants’ Securits Savings and Com! and 8. Light and Heat pfd. ited Protit Sharing. S. Ship ‘|Common Stocks A selected list in each 90" (1 6% | United Reu son; | Wayne Coa 5 This analysis contains tables and charts and shows graphically the method Wright Martin 3 group is presented in own. Suppose you would cash of operation of the Income Tax under the Revenue Act of 1921. 1045 | Armote Naother: eom. 12 1oy | American current issue of our all of your securities and \ * J8n | Xrmour Feather ‘ped. 8" 81" | Corcon “Securities and compare it with their actual . . - : : 106 | o4y Commoditi = Review” cost. Would you be gainer or We shall be pleased to send to investors on request a copy of this analysis, 0 1 e itiep S eview loser? and also to assist as much as possible anyone interested in the practical . 5 371 columbia Title 414 Copy sent upon request. i i A e o 00y, | eal Estate Tide 2 1f you hold stocks or bonds, interpretation of the Act. U. 8. TREASURY CERTIFICATES. ) Columbia Graphophone cor . Private wiresto or both, many wou d sl_am; a . OIL STOCKS. % Columbia, Graghophose 1 principal citics co;ljldflable}losm h\llnt if you Tate—Maturity. Bid. Offer. ~—Noon— | D. C. Pap BB = hol our First Mortgages - % )| Merchants' Transfer und Storage . B & cember 1 10148 1098 | AngloAmerican Ol Co. (new).. 14 1o | Mergenthaer. Linotype your investments are worth Ask for our Income Tax Booklet AB-3 l"le g T m,’},m 'I:un‘z(o—b‘cr:‘mier“('u.‘ 320 u;) g” 'l;"'n:'r'- !lal-_rr}‘;t' com. H & C one hundred cents on the A 5. uckeve, Pipe Li s W ut A A 5 : M e 100% 18 (i'hruhu:uufl;‘l:’lljlf:.e Co- w1 kflnll;‘ll; Monotspe ousman 0. dollar—there is no deprecia- 3 Cor & p2 128 | Seeur 3 {81010 L 2 52 |Vl Harris, Forbes & Company 10051 J0s” | Cumberiand "pipe Line. ] c-fviame: ) It's worth thinking about, 100 11-16 100 131 8 i == ————— g J 1B i & —— Pine Street, Corner William, New York i %, % EQUITABLE B. F. SAUL CO Yationa1 Traueit Co 2% G * ] . . Vew York Transpo 387 152 3 2 1 - * 5 SHORT:TBI EECUKIEIES. it i L = B Co-Operative Building |l Washington Office Maxtgage Losos Hibbs Building, Washington, D. C. (Reported by Redmond & Co.) Pennsylvania-M, 25 A” b MAIN FLOOR CORRIDOR, 1412 E SL N w » 2 s nia Frairie Olf aud Gas ¢ ] ociation WOODWARD BUILDING ye W - rie Co. 9 10085 Solar Refinjng Cor,. oo 1 Organized 1579 H Telephone Main 2040. i Main 2100 28] 9915 Soutters. Bipe in X e ! 42ND YEAR COMPLETED CHARLES R. ALLEY, Mgr. ain o ‘enn, 23 233 . e Koutn. Peni. Pl 7 e Assetn $4,303.538.65 Anaconda_Copper s 1 96 X 1 Surphus . $1,097.900.91 Anglo-American OIL T 1035 R4 oIS E e % || SAVE SYSTEMATICALLY FOREIGN EXCHANGE. | Unless you adopt a systematic mav- Selling checks—dollar values at noon today. ’lrl plan, very little wil' be accom- " London Dlished in @ financial way. - 4.00% Budapest . 1701 Pragve o&l‘)‘ Warsaw i Copenhay 406 Chrstiania 86 Ktockholm . Join the Equitable. Subscriptions for the 82d Issue of Stock 09 Amsterdam 4th . . "fi-,r adgmui Beinx Recelved maa 010 ol Motent 110 e By the Associated Press. Shares, $2.50 Per Month NEW YORK, November 25.—Foreign 4 Per Cent Intervest sxchalldgez ;g;gulan Great Britai emand, 3.98% : cables, 3.99%. Sixty ING day biids on banks, 3.95%. France, EQ‘I‘TABLE wlLD demand, 6.93; cables, 6.933. Italy, de- 915 F St. N.W mand, 4.04; cables, 4.04%;. Belgium, e demand, 6.62; cables, 6.62%. Germany, !/l jomw JOY EDSON, Fresideny demand, 33%: cables, 33%. Holland,!)| FRANK P. BREESIDE. Seey, demand, 35.70; cables, 35.76. Norway, demand, 1425 Sweden, demand, 23.50. = denmark, demand, 18.50. Switzerland, | 3 demand, 18.95. Spain, demand, 13.50! Money Greece, demand, 4.03. Argentine, de- |, Any Sum nd, 32.50. B 1, , .62, S e b, Tanl, damaxd, 1263 Jar connections locatly 'lfl'fl‘ln ities enable us to fur. clh"m%lsey in any ampunt for INCREASING BANK CLEARINGS i SHOW GENERAL TRADE TREND! 1342 N. Y. Ave. e Maim 2434 B N. Y. Ave. - B__ 222 - — R e, BY PHIL S. HANNA. 1 of contracts by railroads for equip- | ment 2 atert Special Dispateh to T nt and materials. Business has re- 5 o iy | turned to normal in many s 2 DETROIT, Noveml —Business in | ters and is greatly i'{‘pl}:‘fgd?c?n Paris .. Brussels Berlin . Copper Expo: Copper Export Copper Export Export $22,779,300 City of Marseilles City of Lyons City of Bordeaux $7,409,100 $7,409,200 $7.961,000 : Six Per Cent Gold Bonds (Non-Callable) nii Dated November 1, 1919 Due Novemter 1,°1934 Principal and interest payable at the office of Messrs. Kuhn Loeb & Co., New York city, in United States gold coin without deduction for afiy French governmental, municipa! or other French taxes, present or future. Interest - a7 payable May 1 and November 1. Coupon Bonds in denomination of $1000, $500 and $100. ; These Bonds are listed on the New York Stock Exchange . J Hein Hocking V- 0z 75 1930. alley 6% 1924 1923 Union r Western Eiectric Westinghouse E. & 110 11055 [ ) L clothing® dry goods, shocs and notions | others. ! . : s is speeding up Tapidly. but the automo- Shoe manufacture continues to be MEMBERS: HE above bonds are part of an authorized issue of $15,000,000 for each city, the remainder of which was tive plants and those allied with the |;nf UAnGing leader of industrial = automobile industry are entering their | Louis concerns are operating far be- | ork Stock dll-lll usual inventory period of dinnvnilshed‘gou?x normal capacity, and are o;-[ New York St Ex i Aotivity. | The trend in commercial ac- | fered orders for the next six ork ity & evidenced by the bauk elear- | which will inure conatant. enpmcng | 111 Broadway, New Y ings, which have been increasing at the | output. The demand is for m . yate of about $1,000.000 a day from the | priced or stand.rd shoes retai Jow record of $9.000,000. which was $4 to $6 a pair. Manufacturers attrib- shed 3 T ute their prosperity to liquidation of costs and prices and to the demand for good medium-priced shoes rather sold in 1919. Each issue is the-direct obligation, and only external loan, of the city issuing the same. The Government of the French Republic has agreed to undertake, in order to permit these cities, or any of them, to pay the interest or principal of the loan in gold in New York, to furnish them and each of them, if necessary (in exchange for bank notes or other currency) with gold in the amount needed, and author- ize its exportation for said purpose. As established by the laws of France governing municipalities, the finances of these citié, and the authafiy. : increase than those of the highest price. W, h'llgton Office hat for. The wholesale d ds t i ashi he it vear | Leental aimost 3 Standeti oriverdt | to borrow money, levy taxes and execute the annual budgets are under the control and supervision of the with gratification, ing the lower pri Food prices her under impetus The holiday dem: been much unde weeks. so far as current business Is | COLORADO BUILDING concerned, but orders for future de- | livery are most satisfactory. Jobbers: ain 1603 | y. Jobbers ! eph say collections are better than busi- | Tel one M, 1 n and that the business men ¥ ¢ | throughout the country are settling stocks cn hand have been rapidi their debts as fast as possible. The | N hausted. Wholesale prices at the s unseasonable weather has had a de- 5 DaMde and maskels, Mowever, continue | pressing effect on both wholesale sed G. B. Chlpman lo make new low reco Hogs are | retail trade. selling close to the Devember,” 1913, | — ST L Manager level. Trade in popular-priced furs his been | PHILADELPHIA, November 25 greatly stimulated this week, and more | (gpecial)—The management of th p- ve garments also are being call- | = gement of s cxpensive garnien Philadelphia Rapid Transit Company | ®as suggested the advisability of |forming a company to take care of Collections and Orders briilae s Sompany oAt Tcice. Ao shi oving over | Reflect Rise in Cotton |lines of electric railways in l:e cil; i nd over suburban and inter-urban BY RALPH SMITH. lines leading to Philadelphia. The | ’frflzht business of the electric lines! French National Government. Under this supervision the municipal authorities of Lyons, Marseilles and Bor- deaux have followed a conservative fiscal policy establishing the credit of the cities upon a sound basis. The three cities are among the largest and most important trade centers of France. Originally established in ancient times on main trade routes they have grown steadily to their present importance, because of natural economic advantages. Situated far from the zone of hostilities, their industrial condition has been strength- ened substantially since 1914 by additional facilities provided for the extra war traffic they were called upon to handle, by their increase in population and the expansion of business. . LYONS MARSEILLES BORDEAUX Lyons ranks next to Paris as a Marseilles, the leading maritime Bordeaux is the principal Atlantic centre of finance, trade and manu- city of the Mediterranean, is one of port, and has one of the three finest facturing. Her chief manufactures the greatest natural seaports of the harbors in France. It is the Euro- are of silk, and in production of = world and is the southern terminus pean terminus of many lines trad- these articles she leads the world. of the largest railway system in ing with the Americas, Africa and The population of the city haskept France. The population has grown the British Isles. Shipbuilding is pace with her industries, showing from 550,619 in 1912 to about the chief industry. The population & I I-u-—-».....__....-n—.—w_ S —— 277 70072072177720201 0277771722 2P Special Dispateh to T ar. ATLANTA, November vance in the price of cotto) has amounted to more than bale, has proved a decided stimulant to business throughout this section. This is reflected in better and orders by wholesa bers. Retail trade aiso is picking up has grown so that it requires special handling and is capable of much fur- ‘ther development, traction officials say. AUCTION SALES FUTERE DAYS. sastisipution (ot Chniciman e T L an increase from 523,796 in 1912to 750,000 (estimated) in 1918. has grown from 261,678 in 1912 to BT beo 28 Ao D et wilt] . B0 REAL_ RETATE REING, PREMISES over 600,000 (estimated) irl 1918. aboyt 305,000 (estimated) in 1918. back at normal. By virtue of a certain deed of trust duly ”:ful:nexa': new bond issue of $8.- | recorded in Liber No. 4101, folio 114 et seq., §50,000 has been appro ~ | of the land records of the District of Colum- ‘ed by the state supreme court, t the request of the party secu dated by p ! G| e the undersigned trustees will offer hundreds will be given employment sor ssla by public auction, in front of the ' on new sckool buildings. water Works | premises, on TUESDAY, THE SIXTH DAY OF imrhrovements, sewerage extenstons | DECEMBER, A.D. 192{, AT FOUR 0'CLOC 2N construction of the Spring street | P.M.. the ' foilowing 'described _land ° and ot which will be paid for with | presiises, situate in the ‘city of Washington {he money thus raised. Plans already . Jirice, of Compin, fo W0t (Lo5,0 are under way to start work on these | {iSision in square one hundred four (104). TI ipiprovement i | said subdivision is recorded in_subdivision me bullding here is far ahead of | book 30, page 55, of the records of the office 145t year, and this city is in a fair {of the surveyor of the said District, subject to establlsh a néw record for |to perpetual rlf'h; of way for alley purposes ‘z:l);!rucflon this vear. Hardware ; 07¢T melm‘n eight (8) feet by the full width S building materials are about one- | *(ina 196 4 Jower in price than last year, B he number of sales aer far ahead of lagt year, so that the money value is about the same. ; H ¥ g d Iron and Steel Pick-Up B e e - Accounts g The present ofl;ring forms part of an external loan of $15,000,000 for each of these cities,. . constituting their only external debt. ’ 0 Price 86% and Interest. To Net about 7.65% - &% Dillon, Read & Co Room 116, 734 15th St. NW. . ing, recording, revemue stamps and motarial We solicit aceounts of firm o G q g T th haser. ‘Terms of 5, 3 3 % Leads in Improvement 2% i e Sou bi"the purchaer. o o Tl danine 0, ot Tl 8 _ £ : e N : BY J. N. FISING. from day of sale, otherwise the lm!lhu.d"re-.= ehibasking seevic.rrMenihl i : et vt o Contidar i abie. AN St SWnIISA iR Se— h to The Star, I and ot of the . defaulling. purchaser, 336 N Y. A e Dispatcl . § 2 s"é?-“wf'ug November 25.—Improve- | after five days' advertisement of such l o Ao Vi ment ip the iron and steel industry is “';.":::E":':"fl:.l‘*:r published in the cf me-m—m.«.m-.ma--\nm.-.‘....—.-.v-.....—.w-v- the mesy {mportant change in general GEO. W. LI commerelal conditions here. . This i LINK W s been brought about by placing ' ne23 dfds.esSukhcs #