Evening Star Newspaper, December 7, 1921, Page 27

F INANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. 1 Low. Close. : Open. Adams Express. .. 5% Ajax Allied Chemical... 68% Allied Chemical pt 1004 Allis Chalmers. .... 38% Allis Chalmerspr. 8% Am Agr Chem..... 32 Am Bank Note.... 5 Am Beet Sugar.... 2% Am Beet Sugar pf. 61 Am Bosch. ... % Am Brake Shoe. Am International. Am Locomotive... 9% Am Malt.... Am Radiator Am Safety Razor.. &% Am Ship & Com... 6% Am Smelti o% Am Smelting pf... 89% Am Snuff. . . m% Am Steel Fdy..... 3% Am Steel Fdy pf... $% Am Sugar... 4% Am Sugar pf...... Am Sumatra . 8% Am Sumatra pf.... 71 Am Tel & Teleg. .. 14% Am Tobacco. ..... 1% Am Tobacco (B).. 123% Am Water Wks.... &% Am W Wks 6% pf. Am Wa Wo 7% pf. Am Woolen. Am Writing Pr pf. 2% Am Zinc & Lead... 12 Am Zinc & Ld pf 6% Ann Arbor. Anaconda. Asso Dry Go Atchison. ... Atchison pf. ... Atlantic Cst Line.. 89 AtlanticGulf..... 3% Atlantic Petroleun 22% Atlantic Ref pf.... 118% Atlas Tack.. u Austin Nichols. ... 10% Auto Sales. . - % Baldwin Loco..... %% Baldwin Loco pf.. 104 Balto & Ohio...... 8T% Balto & Ohlo pr... 5% Barnesdall (B).... 21% Beth Steel. . Beth Steel (B) Beth Steel 3% pf. Booth Fisheries Bklyn Rapid Trn.. 7 Brown Shoe. ...... 40! Brunswick Térm.. 3 Burns Bros . 1% Butte Coppe 5% Butte & Superi 1% Butterick. . % California Pckg. .. 0% California Petrol.. & California Pet pf.. 8% Calumet & Ariz... 5% Canadian Pacific. . 120 Carson Hill Gold. n% Central Leather Cent RROfNJ... 194 Cerro de Pasco.... 84 Chandler Motor. .. 50% Ches & Ohio. . . 1% C&Estnlllwi. 15% C&EstnIll ptwi. 3% C&Estn1ll pf ~tf. 6% C&Estlllcf1pd. % Chi-Great Wastn.. 7 Chi Great W pf.... 1% Chi Mil 8t P.....°2% Chi Mil & StPpf.. 3% Chi & Northwn.... 68% Chi Pneu Tool. 82 Chi R{ & Pacific.. 33 Chi RI&P6%Df.. 6% Chi R1I&P 7% pf.. 8% Chile Copper. . :* ] “ 88! 4! Chino Copper - CCC &St Loul Cluett Peabody. » 28% 423% 4% % 1% > i w“ Cons Cigar. . 20! ConsGasof NY... 8% Cons Intl Cal Min.. 6 Cons Textile...... 1 Cont Insurance. ° Corn Products. . 89% Corn Products pf. . 108% Cosden & Co...... 34 Crucible Steel..... 65 Cuban-Am Sugar.. 4% Cuba Cane Sugar.. 7% Cuba Cape Su pf... 16% Davidson Chem... 5% Del Lack & Wstn. . 1124 Del & Hudson. Dome Mines. Elk Horn Coal 19% Endicott-Johnson. 76% Erle. .. 1 Erie 18t pf. Erie 2d pf. Famous Players... 2% * Famous Playrs pf. 87% Fed Mines & Spf.. 30% Fisher Body of Opt 84 Fisk Rubber.. . 10% Freeport Texas. u% Gen Asphalt. 66% Gen Asphalt Gen Cigar. Gen Electri Gen Motors. Gen Motors pf. Gen Mot 6% deb. Gen Mot 7% deb. Goodrich.... 3% Granby Consol 21 Great Northern pf. 7% Great Nor Ore..... 32% Greene-Cananea.. 26% Guantanamo Susg. . Gulf Mo & Npf.... 18% Gulf States Steel.. Haskel & Barker.. Hendee Mfg. 15 . 9% 2% . % Inspiration. . 3T Interboro Metro... 1% Interboro Met pf.. 4% Intl Harvester.... 8% Intl Mer Marine... 16 Intl Mer Marine pt 68% Intl Motor Truck.. 28% Intl Truck 1stpf.. 7 Intl Truck 2d pf. Intl Nickel Intl Paper. Invincible Oil..... Island Oil. Jewel Tea. Jewel Tea pf. “s Jones Tea. 8% Kansas City Kansas C Sou pf. Kansas & Gulf Co. Kelly-Spring Tire. Kelly-Spring 8% pf Lake Erie & W pf. Lee Tire & Rubber 30 Lotigh Valley.... & Liggett & MyersB. 158% Lima Locomotive. tH u *alesagaur aunnflsuangulic caganngy Manati Sugar-.. . Manhattan Shirt Market St prior. ! Ensmeling... N-(lw....‘ cevans High. 3% ] 2% $e3338gyn 2% 5% Pasdugasy-gadunybapungeuls rnfoyusizyan.g b TN o FEFTELTLEC T T “‘“‘E“%‘i“fifii‘ s 4% | Willys-Overland. . Low. Close. u Y% n a%k Open. High. “ 1% % n n% Nevada Copper. NYCentral....... NYChi&StL1st. N Y Dock... . NYNHE& Hart... NYOnt& West.., Norfolk Southern. Norfolk & Wstrn.. North America.... North American pf. Northern Pacific. . Oklahoma Prod... Orpheum Circuit. . Otis Elevator. Otis Steel. Owens Bottle. . Pac Development. Pac Gas & Elec. Pacific Mail. a% 1% 3% H $E533°E-255-5052 a9gS3-3353808 8 “% & Pere Marq pf Phila Company. Phillips Petroleum Plerce-Arrow. Plerce-Arrow p. Plerce Oil. Plerce Oil pf Pitts Coal. Pitts Coal pf Pitts& W Va. Pitts & W Va pf. Pond Creek Coal. . Pressed Stl Car pf. Producers & Ref. Pro & Ref pf. £, Public Servof NJ. Pullman Co. - Punta Alegre. Pure Oil. . Railway St1 Spr. . . Ray Con Copper. Reading. ik Remington Typr. . Replogle Steel Rep Iron & Steel Rep Motor Truck.. i1 L M S L o H e T S Ll A e A AT Y MYk EE s1y82e E3 EEH FF StL & San Frpf, 8t Louis Southw 530 Seneca Copper.... 23 Shattuck-Arizona. Sinclair Oil. Southern Pacific 80! Southern Railway. Southern Ry pf. Stand Ol of Cal. 0% Stand Oilof NJ... 188 Stand Oll NJ pf... 1124 Stromberg Carb “388 Texas Company. .. ¢ xas Gulf Sulphur ‘Texas & Facific... Texas & PC & Ofl. Third Avenue. ..., Tobacco Prod. ... Trans Contl Ofl. Transue & Wilms. Union Bag & Papr. Union Oil... sperusy oaeiisacey ea gnayssnnnazsuyine yeg 5y Ngaggesyunsy s angis F s E3 2 t3 5 ¥ B2af 3 1 8 Indus Alcohol. 8 Realty. . S Rubber....... 8 Rubber 1st pf. S Smelt & Ref... U S Smelt Ref pf.. U S Steel.. U S Steel pf. Utah Copper Va-Car Chem..... Wabash. Wabash pfA...... Wells-Fargo Exp. ‘Western Md.. . . Western Md 2d.... ‘Western Pacific... ‘Western Pacpf... Westhse E & M. ‘White Motor. - Wickwire Spencer ‘Wilson Co pf. . gegs-gn-gucRresssaazaespyisugieng 2 ‘Willys-Ovld pf. ‘Woolworth. ‘Worthington ‘Worthington (B) -egiggey SN <orfg.gzagnyage.yugiagranny s HOURLY SALES OF STOC! 1l1am.....270 60 12m... . 1p.m., 679100 2p.m. —_—— FOREIGN EXCHANGE. Selling checks—dollar values at noon teday. 14 % | By the Associated Press. NEW YORK, December 7.—Foreign | n¢ % | demand, 7.20%; cable exchange heavy. Great Britain, de- mand, 4.07%; cables, 4.08%. Sixty-day bills on s, 4.04%. nce, de- mand, 7.49%; cables, 7.50. mand, 4.30%; cables, 4.31. =t 7.21. Germany, demand, 47 cable: demand, 35.80; cables, 35.86. demand, 14.36. Sweden, 23.90. mark, demand, 18.75. Switzerland, demand, 19.25. Spain, demand, 14.20. Greece, demand, 4.15. Argentina, de- mand, 32.87. Braszil, demand, 12.87. Montreal, 92%. %|PETROLEUM HEADS TALK AT ANNUAL CONVENTION Problems Which Face the 0il In- dustry Are Discussed at Chicago. CHICAGO, December 7.—Presidents 2% | and executive of the leading American ofl companies met here for the second | Am annual convention of the American Petroleum Institute to discuss prob- lems which face the oil industry. Edward Prizer, president of the Vacuum Oil Company, analyzed Euro- 8% | pean conditions, giving the outlook ¢ In England, France, Germany, Russia the newly created countries of Europe. Mr. Prizer recently returned from an tions, stating that the oil industry represents an invested capital of $2,421,000,000, with $1,795,000,000 vested in petroleum refining. Edward L. Doheney, president of the Pan-American Petroleum and Tran: port Company, & pioneer developer of the Mexican petroleum industry, told of that country’s resources. that its importance, was equal to that of the United States, as 110,000,000 barrels of Mexican ofl are used annually in this country. Exhaustion of petroleum resources is not threatened, despite predictions of well meaning consclentio scientists, according to Thomas A. O’Donnell, president of. the institute. Undiscovered reserves in the west will 50‘\!“ millions of barrels of oil, he ‘The petroleum industry must build up its reserve and maintain a given level of production to avert flustuating prices on the oil market, declared Wal- ter C. Teagle, president of the Stand- ard Ofl Comi of New Jersey. Stabilization of the market can be se- pro- irrespective of current requirements, he asserted. Discussing difficulties met in ao- cumulating reserves, Mr. Teagls point- ss¥ucgnggesyaan-yuglnergegazaranyisy (Furnisted by Redmond & Oo.) U. 8. LIBERTY BONDS. . Baltimore and Ohio 6s. Baltimore and Oblo 8. Bethlehem Steel .-Can. ' Not. Oanadian Northwestern 7s ther Bs. 1015 { 88 10053 | 84! Pac Pennaylvania Be, Peansylvania R R. 6 T8 of 1 nd Louis and San Franclsco 6s, Louls and San Francisco iac. 68 e Southern Railway gen. Southern ~Railway 08 Unfon Pacific et Unjon Pacific conv. U Pacific 6, Texas Co. Ts Union Tank Car 7 Western Electric ‘Westinghouse B. & M. *Paid December 1, 1921, U. 8. TREASURY CERTIFICATES. Washington Stock Exchange BALES. Potomac Electric g. m. 60—$200 at 983, Washington Rallway and Electric ptd.—25 at 62. Commercial National Bank—38 at 126%. Lanston Monotype—8 at 72. Mergenthaler Linotype—10 at 130. Georgetown Ges Da4S.000" at 9%, $2.000 at %, $2,000 at 79%. : BONDS. Bid and Asked Prices. ;| salmon were recently loaded on the Potomac Elec. Power §. m. P. E. P. Elec. ref. 78 (w. §.) W Alex. and Mt. Ver. Gs. MISCELLAN. Realty Se (long).. Realty 5e (short) R Ritts Market Bs, in- | Union Trust s- | Com: He said | geventh proportionately, o Wasttagton "Mechasics’ FIRE INSURANCE: ! = od out that while coal ana iron still | 1 mhum:wmmn = beought 9 the-surtice, : (Furnisbed by W. B. Hidds & 0o.) . FLANELS IN FASHION. NEW YORK, December 7.—Flan- nels, according to manufacturers and jobbers, will be the subject of revived interest for next spring. Mills re- port an extensive range of black and ifl- ° B2 white designs in the novelty wear, many of which are shown in patterns markin, those o velopments are noticeable, especially in polka dots, rings, floral disks and cubes, in both high color and pastel combinations. a complete departure from this year. Many novel de- Many striped effects also being shown in plaids, checks ar ln]d braids. The plain pastel flan- are generally of broadcloth tex- BERLIN, December 7.—The in- creased paper currency output of the German government during the la: week of November, amounting to b tween four and five billion marks, brings the present total of paper currency in circulation up to 108,000, 000,000 marks, it s announced. Rad Producy Radio com. . Radio pfd. Ray J. Re; & FEE vortiesls & FEREE R wOR Ez;:su Bltymaliak: afityuot, B g FEFRE F e 228 wBnabeun FFE R 22288 oBmab & F R o R Mexican” Fuel ad' Gan Co.oe e Co. Prairie Pipe Lin Bolar Refining Co. Bouthern Pipe :!Ea&fii&?iflsflzi&sflfi:?:fisa H J The Connecticut Mutual Life Insurance Company 0Old—Strong—Reliable ~—has furnished insurance to its members cheaper on the whole than any other American Company. r 8, o2l cay Cotapany May 1, 1921, to December 921, payable on Monday, January 2, 1822, holders of record at'the close of business londay, December 19, 1921. Cheques will be matled . B. HOCKADAY, President and General Manager. 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.W. Cor. 15th & “K” Sts. You Never Charge Off Depreciation on an Investment in First Mortgages They Mean Absolute Safety, earn 1% and require no attention Shannon & Luchs 713 14th Street Main 2348 American Telephone & Telegraph Co. 139tk DIVIDEND A quarterly dividend of Twe Twenty-f n f, RS Soringteid s o0 1 ¥t B Loose-Wiles of. q, $1.78...... Manhattan 8hirt Co. oo et 8, %5 7% v.'xl:enum- Corp., 1st EUROPE PICKS PINK SALMON. VANCOUVER, British Columbia, De- cember 7.—Over 11,000 cases of pink steamship Mongolian Prince for Eu- ropean points. For the last three years pink salmon for some unac- countable reason has been a drug on the market, and the interest lately evinced in this commodity has been encouraging to British Columbia can- ners. The Japanese have acquired = taste for pink salmon, and China's recent orders to the canners have been very heav, . LARGER WHEAT ACREAGE. HARRISBURG, December 7.—Wheat ‘was sown later than usual in many of the lower counties of Pennsylvania this year owing to continuation of favorable weather in November, and reports indicate a larger acreage. The state has attempted to interest wheat growers in ing grain next yea: and in carrying on the fight in: the moth. ng t ght against SHIP-LOADING RECORD., - PHILADELPHIA, December 7.—Nine locomotives were lpaded aboard the Ward line steamer Cauto at Eddy- stone, setting & new high record for +his port in stevedoring. The pre- vious record was the loading of the Panuco {n October, when eight loco- motives, were tr: dock to the ve: deck in three hours greater time. . PLANS 18 NEW STORES. NEW YORK, December 7.—S. S. Kresge has arranged to add sixteen new. stores to the present chain, it is reported. Merchandise selling at 25 cents or less will nine of the new stores, while 10 cents will be the limit in the others. o company is now operating 198 stores Cents per share will be nuary 18, 1923, of recor the Gloseof business on ‘Taesday, Peceaver 20, foon, © o 3 Complete analysis in current issue of our “Securities and Commodities Review” Copy sent upom request. Private wires to principal ocities. A. A Housman & Co. MAIN FLOOR CORRIDOR, 'WOODWARD BUILDING Adviser ENS AN C e ‘carried in I § in which gross sales for 1931 are es- | A\ timated at $52,000,000. . ERIE PLANS REPLACEMENTS. NEW YORK, December 7.—The Erie has contracted with individuals and construction companies for the main- 500 miles of the acales order: the United Stutes Board. | KEEN WOOL COMPETITION. LONDON, December 7—At the wool auction sales today 9,513 bales, com-- sing & fair selection, were offered. y there wag keen competition, kinds of ':{bl “‘.':z;'.gl ag froely ourren the the continent. More “than_ever you wish you 2ad vings accoust. B NOW-_there's ‘snotber E. H. Rollins & Sons Founded 1876 416 Woodward Bldg. 15th & H Streets ‘Washington, D. C. Phone Main 2027-2028 Boston New York Philadelphia Cticage San Frasceco Canadian Bonds s e Issues at prices to yield from 5%% to 6% Bend for list of offerings—M. 305 EQUITABLE Co-Operative Building 43ND YEAR COMPLETED Aszets . .84,303,836.85 Surplus . 181,007,900.91 Savings With Greatest Results —Join the Equitable and save atically. Then you will establisl fund to make a deposit on & home. Subscriptions for the 82d Issue of Stock Being Recelved Shares, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F St. NW. £, R stem- s MEMBERS: NewYork Stock Exchange 111 Broadway.New York Washington Office \ COLORADO BUILDING Telephone Main 1603 G.B.Chipman Manager In AnguSum r connections locally and in other cities enable us to fur- nish money in any amount for Washington Real Estate En- terprises. Stone & Fairfax 1863 N. Y. Ave. Time has proven the sta- bility and dependability of the First Mortgage. Through hard times and eras of prosperity First Mortgages have con- stantly maintained their un- wavering and non-fluctuating value—they have survived countless speculations that gave greater promise—they have weathered financial and world wars. Play safe—invest in our 7% First Mortgages. B. F. SAUL CO. Mortgage Loans 1412 Eye Street’' N.W. Main® 2100 TO THE FED OFFICEHOLDERS - .00 will 1 baiaacs, payers. Van Strum, Scott & Company, Inc. 927 Fifteenth Street N.W. Washingten, D. C. Phone Main 7633 it F il KRIEBEL & Go.l Securidies m-fimuumm‘u— f S e e T, S Liberty thl ‘Trust on undivided interests in 604 14th Street N.W. % NATIONAL MORTGAGE AND Money to Loan | [ATIoNAL MORTOACE ANP. |Joscrh T Weller o, wamk L, I.I.‘ 1418 Eye Street N.W. Samuel Ungerleider & Co. New Willard Hotel ' Messantne Floor James Sloan, Jr., Manager MEMBERS » New York Stock Exchange Cleveland Stock Exchange Pittsburgh Stock Exchange Columbus Stock Exchange Chicago Board of Trade Telephones, Main 3364-3367 Leader-News Bldg., Cleveland, Ohlo Chamber of Commerce, Columbus, Ohio J. S. Bache & Co., and Halle & Steiglitz New York Correspondents At the End of the Rainbow —they found only disappointment. They had been prom- ised “a pot of gold.” A promise made should be a promise kept. Likewise, an investment should mean more than the mere expendi- ture of money in an unknown project. It should combine safety and revenue. . The income return on_a ‘Phillips 7% First Mortgage is more than a promise—it is an established fact. The investor not only receives his interest promptly when due, but his principal back in full at maturity. In denominations of $100, $250, $500 and upward. Investigate our mortgages. Write, phone or call jor booket “A” which explains every detail. It's FREE. WILLIAM S. PHILLIPS First Mortgage Investments 1409 New York Avenue 12 EUROPEAN BONDS Government and uunit".ipll Price $980 Value $19,748 (at Normal) ‘W E specialize in offering groups of Govern- ment Bonds and Municipal Bonds of the leading Governments and Cities of the World. Not only are the bonds themselves selected from Government and Civic issues giving the greatest safety of investment which the best bonds of the World afford, but, for the sake of the very maxi- mum of safety, we diversify.the countries se- lected, to an. extent not usual among American Investment Bankers but long followed by the great English Banking Houses. The safety of investment afforded by both Neutral Bonds combined is self-evident, and they afford at normal, namely, a profit of 2.68 a total investment of $980, is sufficiently important the investor to consider withomt to the -third group at all 2 lied tions sold at yields of two and three per Neutral countries, which were not subject to cial straini of ‘War, grew remarkably rich stabilized, at normal rates, through the flow of com- merce between the nations of the World. The present yield on these bonds is fractionally over 59%. It is reasonably to be expected that this income yield will gradually increase to from 12% to 15% as exchange returns towards normal, counting on Allied and Neutra] Bonds alone. We cash the interest coupons for our customers without charge for this service. These 12 bonds are listed on all of the important stock exchanges of Europe and have a ready market in this country. They are legal invest- ments for Savings Banks, Trust Companies and Trust Funds in the countries of issue. Circular SX-981 on Reguest Established 1884 Melhuish & Company 431 Wall Street New York Washington: Union Savings Bank Bldg.