Evening Star Newspaper, December 17, 1921, Page 17

e ACTIVE TRADING 7 "FINANCIAL THE EVENING 'STAR, WASHINGTON, D. C. SATURDAY, DECEM.B_I_BR 17, 1921.° NEW YORK STOCK EXCHANGE Received by Private Wire High. Low. Close. “© ‘ IN I_flc AI_ Bmlns Air Reduction. ... % Ajax Rubber. 18 18% Allied Chemical... 67% 67% Allied Chemical pf 108% 108% Allls Chalmers.... $8% 38% - ) fi}.‘,'f.f:{é’.'."“ pr. g8l 88% Prices Show Sustained | amsest Sugar p Strength—Another Dividend | Am 2ty 45 Am Chicle Co. Increase. BY L A. FLEMING. ‘There was a decided revival of busi- mess on today's session of the ‘local f'xcn:lnge. the session being interest- ing and prices well maintained at re- «cent highs. Georgetown Gas s advanced to a new high at 81%. from an opening at #113. Railway 4s were active at 65. Potomac first Gs steady at 90. Gen- eral 6s, 9813 to 98%;. The General Re- Tunding Ts were active at 104 to 104%. Riggs Realty 5s long term ma- turity sold at 90% to 90. In the stock list a sale of Riggs Na- tional Bank shares at’ 460 was a Teature. Capital Traction was firm at 92, re- overing its dividend in short order. TNailway preferred, 63%, and Wash- ington. Gas, 49%. Another Dividend Increase. The past year has been one of large vrofits and good business for the banks despite the fact that there was nuch money diverted from business 10 investment in government certifi- Gates and notes and in bonds general- Jy. The 6 and 53 per cent certificates ‘ered opportunity for banks to em- ploy their idle funds to good advan- tage. A number of banks, paying divi- dends January 1, have increased their dividends. This morning comes the announcement from the Seventh Street Savings of an increase in the semi-annual dividend from 3 to 4 per nt, placing the stock on an 8 per cent"basis. Cashier Howard, commenting on conditions, said: “Business and earn- ings of the bank have been very satisfactory during the year, war- ranting the increase of 1 per cent in the distribution on our shares.” _Forma for “Cali” Received. Local banks this morning received the usual forms for the next call 1or a statement of condition. Bankers have expected the call to come on the *18t, that the usual annual compara- : tive figures may be compiled. It is Just possible that it may come on the 28th instant. The call will show a general mix- ,ture of gains and losses in deposits . with the chances that the losses will much more than offset the gains. In addition to some heavy with- drawals of funds by a foreign gov- ernment and the American Red Cross, savings deposits were drawn dcwn heavily by the payment of $1.250,000 Christmas clubs cash. Then, too, the fourth installment of taxes and the great increase in investments made have cut down deposist. Justification for the belief that De- <cember 28 may be the date is found in a special schedule sent out with the forms, calling for a report on de- posit balances to the credit of offi- cers of the United States govern- ment, exclusive of savings and bank- ruptcy funds—reports of deposits to the credit of the treasurer of the United States, general account; War Loan Department account, Post- master, official checking accounts; U. S. courts and their officers and all government officers, civil and military. This information is asked as at close of business December 28. Rate-Cutting Talk. Harmful. Rate-cutting rumors are blamed by the Iron Age, Bradstreet’'s and a num- ber of authorities for a slowing up in business. Naturally, if there is a chance for a reduction in rates buyers will hold off, awaiting the expected cut. The Iron Age charges that “the general expectation that an early cut will be made in freight rates on fron and steel is now the controlling in- fluence in the trade. Its chief effect in the past week has been to check new business.” T. C. Powell, vice president of the Erie road, declared that “rumors of impending cuts in freight rates, al- though not justified, have an immedi- ate and ing effect on business transactions. “The traffic officials,” continued Mr. Powell, in his testimony at a hear- ing before the Interstate Commerce Commission involving reduction of rates, “can find no justification for the thought that railroad rates as 1hey stand today are adversely affect- | ing business or that a reduction in rates would revive or stimulate busi- ness. “The carriers belleve that, in the aggregate, rates will be found rea- sonable, and if this be true the com- mission should announce the conclu- sion with the expectancy that the aitation throughout the country will W. G. Maxwell, vice president of the Wabash system, declared that “rates in the eastern group do not vield a reasonable return, based on operating co€ts, for the service ren- dere Since the end of October enormous reductions in been made. He further declared the action of suats Ol reducing rates had involved losses on railroads.” Germauny Recovering Toy Trade. Germany is fast recovering her American toy trade, with the chances that the value of total imports of German toys into this country for 1he year will not be far from the 1914 value—$9.084.000. For the ten months ended with October the value of the German toys imported was $6.990.000, with the chances that the quantities of toys was larger than the 1914 amount—owing to the dif- ference in exchange. Another New Bank. The latest institution to enter the banking field in the District of Co- lumbla is the Woodridge-Langdon Savings anr Commercial Bank. located at 2020 Rhode Island avenue north- cast. The officials are very much elat- ©d at the interest manifested by the Dbusiness men and the citizens gen- erally of the Woodridge and Lang- rates have that heavy don sections_when the bank opened | its doors o Saturday morning. The president, P. P. Clark. said that while the bank would engage in gen- «ral banking business, the savings de- partment would be an important fea- 1ure. Christmas savings system was installed, and became popular with the younger element at once. There is an estimated population in this community of 5,000 inhabitants, whose activity in every enterprise for neighborhood improvement imbues them with the belief that they possess the pep and pride to make the bank an assured success from its begin- ning, especially when they know that the bank was organized by the citi- zens of the community, and will be conducted by citizens of the com- Jynunity in the interest of citizens of the community. ‘The bank has an auhtorizedcapital ©f $50,000, with a surplus of $10,000. Officers: P. P. Clark, president; Dr. Charles W. Cuthbertson, vice presi- dent; Elmer L. Beach, assistant cash- jer; Frank M. Hatley, secretary; Ches- ter R. Smith, treasurer. Directors: H. P. Baldwin, E. L. James P. Benfer, M. O. Bull, A Clark, Dr. R. W. Conklin, Dr. ‘harles W. Cuthbertson, W. Preston bson, Frank A Gunther, Frank M. Hatley, John L. Knoop, F. A. Linger, Thomas S. Mallon, Clyde L. Mfler, W. Reach, ‘o 8. Plager, W. B. Putman, Geo b Richardson, Chester R. Smith, Frank M. Stephen, S. S. Symons. A permanent bang buildin started in teh nea‘:‘mtnrm R NEW LOW FOR SUGAR. NEW YORK, Decem! 17.—A new . Jow price for refined sugar was es- tablished yesterday when the Ameri- «an Sugar Refining Company and the ‘Warner Sugar ning Company re- duced their quotations 10 points each to 5.10 cents a pound. The Revere sugar refinery {n Boston announced a reductign of a similar amount. - Am Cotton Oll. natio: Am Linseed. . | Am Linseed p Am Locomotive | Am Radiator. Am Smelting. Am Smelting Am Snuff. Am Snuff pf Am Steel Fdy Am Sugar. Am Sugar pf. Am Woolen. . Am Writing Pr p! Am Zinc & Lead. Ann Arbor. Ann Arbor pf. Anaconda. Atchison. .. Atchison pf. Atlanta Bir & Atl. Atlantic Cst Line Atlantic Gulf. Atlantic Gulf pf. Atlantic Ref pf Beth Steel. .. Beth Steel (B) .. Booth Flsheries. Bklyn Rapid Tra. Bklyn Union Gas. Butte & Superior. Butterick. . Caddo Oil. . California Pckg. California Petrol California Pet pf Canadian Pacific. Carson Hill Gold. Central Leather. Central Leath pf. Cerro de Pasco. Chandler Motor. .. C&Estnlilpfw Chi-Great Westn Chi Great W pf. ChiMil&StP Chi Mil & St P pf. Chi & Northwn Chi R1& Pacific. ChHiRI& P 6% pt Chile Copper. Chino Copper. . s Col Graphophone. Col Graph pf.. Comp Tabulator. . Cons Cigar. .. ConsGasof NY... Cons Intl Cal Min. Cons Textile. 8% B% 43 43 31% % 59 6l 8k 9 8% 882 % % 5% s W% 133 13 81 8L 27 2% 4 12 23 1 V% 19% s1% 3% 61 6% 2 B s 7% 1Bl 16% 2% 28% ol b5 w0 40% 6 6 s 3 2% 124 64% B4ia 20% 245 6% 15% 96% 21% 2% 6% 16 it Crucible Steel Cuban-Am Sugar. Cuba Cane Sugar. 7 Cuba Cane Supf... M% 1% Davidson Chem. 64% b4% Del & Hudson. . 106% 107%s Del Lack & Wstn. . 116k 1194 Elec Stor Ba;tery. u:;. 12;;. Endicott-Johnson. 7s% Ts% Brlesar 10% 7107 Erie 18t pf. 6% I Erie 2d pf. 10 Famous Player! T Famous Playrs pf. % Fed Mines & Spf.. 41 42% Fisk Rllbger- cenen l!:‘i :2% Freeport Texas. ..- Gen Asphalt 69% 0% Gen Ciga: 68 68 Gen Eiec! Hl% 4% Gen Motors. % 1% Gen Mot 6% del ke 73 Gen Mot 7% deb... 84 e Gray & Davis Great Northern pf. Great Nor Ore. Greene-Cananea. Gulf Mo & Nor. ! Harbishaw Cable. Haskel & Barker Hendee MIg. .. Houston Oll. . | Illinois Central { Indiahoma. Inspiration. Intl Harvester. Intl Mer Marine pf Intl Nickel. Intl Paper. Invincible 1sland Oi Jewel Te: Jones Te: Kansas & Guif Co. . Kelly-Spring Tire. i Kelsey Wheel | Kennecott. | Keystone i Kresge (S8). | Lackawanna Stee! Lake Erie & W.... Lake Erie & W pf. ¥ee Tire & Rubber Lenigh Valley. ... Liggett & Myers.. Lima Locomotive. Lima Loco pf. .... Loews Inc Loose-Wiles. Louis & Nash.. | Manhattan Elev. Manhattan Shirt. Market St Ry Market St prior Marland Oil Martin-Parry. .. Mathison Alkili Maxwell (A)... Maxwell (B, | May Dept Sto! i Mexican Pete. | Mexican Pete pf. { Miami Copper-. . | Middle States Oil. . MOoK&TPIwW Mo Kan & Tex. | Mo Kan & Tex pf Mo Pacific. . Mo Pacific pf. i Montgomery War Natl Acme........ Natl Cloak & Suit. Natl Enameling. Nevada Copper. New Or Tex & M.. North American pf. Northern Pac:t Skishoma Prod Otis Elevator. Otis Steel De: Pere Marquette Phila Company... Phillips Petroleum Plerce-Arrow pf.. Pressed 8tl Car pf. Producers & Ref. Public Servof NJ. Railway Stl Spr. 45' 13% 18'4 109 4% 28% 8% 81% 18% 43t 89Y% 39% 9% 80la 3 3 125 _ 10 21 2% 3% 8% 2% % 13 13 3 o 64 25 26% 8 8 31 2% 6 6 109% 2% 39% a 1% 57 103% 3815 45 ", H i ;i ! §*5295gg25050e :ggia g | Washington Direct to The Star Office. Open. High. Low. Close. Ry Steel Sprpf. ... log% 1065 106% 106% Ray Con Copper... 15% 15% 1% 1% Reading.......... 71% 7% N% W% Readlng 1stpf.... % 43% €% Reading 2dpf..... 45 46 45 Rep Iron & Steel.. 53 b63% 63% Replron& Stipf.. g6 86 88 Rep Motor Truck.. 8% 8% 8% Royal Dutch...... s% 6% B1% StL&SanFran... 21% 21% 2% St Louis Southwn. 21% 21% 21% glLoullSownpl.. 8% 3% 3% SavageArms..... ‘g% 1% 9% % Saxon Motors..... ‘2% 2% 2% 2% Seaboard AirLine. 3 8 3 8 Seaboard AL pf..., 4% 4% 4% 4% Sears Roebuck.... 58% 68k 6% 68 Seneca Copper. . .. B 2 2% Shattuck-Arizona. 9 9 9 9 Sinclair Ofl. . B 2% B Sloss-Sheffield 3% 8% 88% Southern Pacific.. 80% 80% 0% 80% Southern Rallway. 16 19 19 19 Southern Ry pf... 46% 46% 46 46 Standard Milling..115 115 115 115 Stand Ofl of Cal.... 9% %% 5% 96% Stand Oilof NJ... 183 183 186% 186% Stand Ol N Jpf... 3% 18% % 3% Stromberg Carb... 85 3 3 36 Studebaker....... 8% 8% 80% 81% Submarine Boat % % o ah Superior Oil. , Y% 1% T Th Temtor Corn (A).. Tenn Copper. . Texas Company. .. 4 Texas Gulf Sulphur Texas & Pacific. .. Texas & P C & Oil. Third Avenue. Tobacco Prod. ... . Trans Contl Oil. .. Transue & Wilms. Union Bag & Papr. Union Oil. .. Unlon Pacific. Union Pacificpf... 71 71 7m 71 Union Tank Car pf 1034 103% 103% 103% United Cigar St pf. 168 103 102% 102% United Drug 2% R % T United Fruit -2 21 ;o United Ry Inv pf.. 20 0% 19% 2% United Retall Strs. 63% &% 6% G2} U 8 Food Prod 10% 10% 10% 10% U S Indus Alcohol. 389 3% 88% 9% U S Realty. U S Rubber. U S Smelt & Ref U S Steel. . U S Steel pt. Utah Copper 64l Vanadium Corp... 32 &% = Va-Car Chem. 2915 29% 29% Va-Car Chem pf... 69 o 6 Vivadou... 7 % 7 Wabash pf A 20% 20% 0% 20% Wells-Fargo Exp. 68'¢ 68l 68% 63l Western Pacific... 184 18% 18t Westhse E & M. 0% 50% 50% Wheeling & LE... 6% 7 6% ‘White Motor . 39% 3% 39% 39% White Oil IERR L L TR T Wickwire Spencer 15% 15% 15 16% Wilson Company.. 30 30 2% 2% Willys-Overland.. 6 6 5% 6 Woolworth. .. - 130% 130% 130% 130% ‘Worthington (A). 8 8 8 8 8 L 2 BOND AND CURB MARKETS. Bonds. Curb. (Furnished By Redmond & Co.) . 14 . Liberty 4th 41s. . Victory 4%s.... . Victory 8% OTHER BONDS. United Kingdom 5138 1928, United Kimgdom 5igs 1937 Awerican Tel. and Tel 7 Central Leather 5u. Central Pacific 4s 1949, 821 he e and Ohlo conv. 435 8 ke and Oblo gen. 4% 8 Chesupeake a o cont. =% Chi., ML and St. Paul refd. ¢ 50! ¥ il. and Bt. 1 cou! 613; Chicago Northwestern 7s 1830. 108 Chl., Rock Island and Pacific refdg. 4s.. T7 Chicago Union Station Gi3s.. m Censolidated Gas Ts... 1043 Cuba Cane Sugar 58 Delaware and Hudson 78 1930. 107 Du Pont 73%s 1831, 103% Erle general llen 3% General Hlectric 6s. 106 Goodyear Tire and Ri 10y Grand Trunk 7s_ret 110 Great Northern 108y inols Central 5ls. International Mercantile Marine ‘65 2 Inter. Rapid Transit Ist and Louisville N ref. 1930, lg% 86 105% Packard Motor Car b) Pennsylvania s, 1068, 05 Penusylvania R. R. 6ias, 105 Penneylvania 7s of 1980... 108 Peunsylvania gen. mortgage 415s. 8611 Reading general 4s ...... 811 d San Feancisco 48, seri 683 d Han Francisco 8s, 1920. 28 d San Franclsco inc. Gs.... 55 board Air Line 6s. 43 Seaboard Air Line refdg. 4s. &" Seaboard Air Line ad). 1 cl 0il Corp. £ T £ 87 62 Tnion Pacifl Union Pacific Union Pacifile 8. Rubbes 5x 8. Rubber 7 S. Realty z nited States F. Vacaum Oil Corp. Ts, 1938. Virginia-Carolina Chemical 7ijs, Western Union 6las, 1936, Wiison & Co. 1st 6s...... SHORT-TERM SECURITIES. —C American Tel. & Tel. 6s 1922.. 1001 American Tel. & Tel. HOURLY SALES OF STOCKS. :mar:nu m.a Co. 6s w‘.‘y “1;‘):', 1lam..... 224500 12m. +420 000 . American Tobacco G0 Ie 1053 10017 e —— — Anaconda Fflflm:‘mfilsfl‘zfii 5 ‘:;:, . 198 s Washington Stock Exchange Todes o SALES. 1001 Georgetown Gas 5s—$1.000 at 8115, 10085 at 31%, $1.000 at 813, §1.000 at 81%, $1,000| Capadian Pacific 6s 1 100 ai N1y, 4 & i Ceutral Argentine 6s . 9013 ne. 5s-—$1.000 at 90. Chicago, I 1. & Pacific 8« 1922, 908, 100 ectric general mortgage 6s—$1,000{ C., (., St 961, 97 at 981, $1.000 at 984 100% mac Electric g 7 at 104, $L000 at 104, 2000 at 1041, at 10i1," $1.000 ut 10415, $1,000 at 10ily, $1,000 at 10435, $1.000 at 10434 Realty 55 (long)—$1,000 at 90%, %. 51000 at 0. Washiogton Rallway at_63%. _ Washington Gas Light Company—3 at 49%, 7 8t 493 20 at 49%,. Mergenthaler Linotype—3 at 120%. AFTER CALL. Washington Railway and Electric 45—$1,000 $1,000 at 63, $1.000 at 65, $1,000 at’ 63, Riggs National Bank—10 at 470. BONDS. at Bid and Asked Prices. PUBLIC UTILITY. Bid, Asked American Tel. and Telga. 4s. [ BT, Tel. and Telga. 4 9315 b aud Tel. ctl. ir. os.. Sl w2 ‘Tel. con s 1083, 100 " 80 ton Washington Rw Wash. Rwy. and Elec MISCELLANEOUS. izgs Realts 35 ((long). Riggs Realty s (siiol nington ~Market 905 S$10CKS. PUBLIC_UTILITIES American_Tel. and Teiga. *11: * Capital _‘Traction e 215 shington Ga “ 9% 86 L Ry 35 4 R ®8y & American Ca iri mers and Mechanics’ Federal Liberty Lincoln National SES Second Waslingion TRUST COMPANY. jcan Security and Trust. Amer Continentsl Trust i3 Seventl Univn _Savings 12 U. 8. Savings 212 Wasliugion 3 E3 FIR] American- 250 Arlingion 9 Coreorun s Firemen's . 18 National Union . % TITLE Columbia Title ... 5 Real Estate Titie 9 MISCELLANEOUS. Columbia Graphoplione com 3 3% Columbia Graphoplione pfd. 12 128y D. C. Paper Mfg. Ce B eeaee Merchants’ Transfer an - Mergenthaler Linotype 129% 0ld_ Dutch Market " cor ] Olde Dutch Market pfd. Lanston Monotype Security Storage .. Washington Market *Ex-divident BAR SILVER QUOTATIONS. NEW YORK, December 17.—Foreign bar silver, 67. Mexican dollars, 51. LONDON, December 17.—Bar silver, 263 pence per ounce. Money, 2% per cent. Discount rates: Short bills, 312 per cent; three-month, 3% per cent. e NEW YORK BANK STATEMENT. NEW YORK, December 17.—The actuai condition of clearing house banks and trust companies for the week shows that they hold 3531.039.600 reserve in excess of legal require- ments. This is an increase of $26,- 756,390 from last week. - -OUTLOOK FOR WHEAT. CHICAGO, December 17.—According to the Modern Miller: “In sections of the southwest, where moisture was re- cently received, winter wheat shows some improvement in color; more marked in Kansas than in Oklahoma. The crop is not likely to recover en- tirely from the effects of prolonged dought. Generally favorable condi- tions continue in Iliinois, Indiana. Ohio and Missouri. n this territory wheat has grown nicely and has fine color, a large percentage of the crop has been marketed and farm sup- plies are generally moderate.” - C m. and ref. 75—$1,000/ C . 31.000 | Copper Export P s pper Export * Copper Export * Cuduhy Pack B. F. Gulf '0il Co . J. Heinz 7s 1930 1043 Hocking Valley 6s 8 Humble Ofl 7s 1923 100 10014 Kennecott Copper 101 1011 Procter & Gamble 73 19: 1000 1003 Procter & Gamble 7x 1923. 1011 101% R. J. Reynolds 6s 1 Sears, Roebu Sears. Roebuck & 0, Southern Railway s 9R1; Southwestern Rell 1007, Rwift & C 100 iis 100% 1008 = 1007116 100 fa16 100% " 100: is September 13, 1022, 41gs September 15, 1922.... 1001-32 100! 5%sJune 15, 1924, . 102716 102916 5135 September 15, i 102 102% “GALLOWS” IDENTIFIED AS UNLOADING CRANE Watson Picture Recognized by En- gineer Who Erected ‘“Scaffold"” at Gievres. By the Associated Press. MINNEAPOLIS, Minn., December 17. —William P. Cowles, a local engineer, who served as a major of engineers in the American expeditionary forces, in a statement last night said he had recognized a picture of a “gallow: furnished to Senator Thomas Watson in support of the latter’s charge of wholesale executions in the A. E. F. as that of a crane he had constructed while in France. “We had to have some means of unloading gasoline tanks from cars.” said Mr. Cowles. “I con- structed this beam, by means of which the tanks were lifted from the cars by a rope and deposited on a pla form. I recognized the crane at once when 1 saw it in the paper, which called it a ‘gallows.’ The structure was ten by eight feet, and stodd across the road from the depot at Glevres, south of our office. think Senator Watson's charges will be traced down to incidents of this kind. The judge advocate gen- eral said there were eleven hangings in France, and I think that it will be found that that was all. I was presi- dent of a court-martial over there, and I want to say that I would rather take my chances with such a tribunal than a civil court of justice.” SLAIN WOMEN’S BODIES FOUND SITTING IN CHAIRS Three Nephews Accused of Stifling Millionairess and Foster Daugh- “ter in Their Beds. By the Associated Press. LONDON, December 16.—A story of the startling * discovery by the Rome police of the murdered bodies of an_Italian millionairess, €. Cogo, and her adopted daughfer, fully dressed and sitting in chairs in her dining room, was related in a dis- patch today to the Central News Agency from its Rome corresponden According to the dispatch, the police made their discovery as a re- sult of testimony given them by Mme. Cogo's servant girl, who ‘as- serted three sons of Mme. Cogo’'s brother broke into the house, stified the two women their beds, dressed their bodies in " their best clothes, including jewels, placed them in the chairs in ‘sitting postures and then set fire to the room to distract sus- picion. The servant girl, says the dispatch, told the police she saw the men from a hiding place, and said she thought they took this drastic action for fear their aunt would leave her fortune to the adopted daughter. The three men_and their father have been ar- rested, the dispatch added. —_—— RAIL SALE CONFIRMED. PENSACOLA, Fla., December 17.— United States Judge W. B. Sheppard has_confirmed the sale of the Gulf, Florida and Alabama Railroad. The road was sold at auction by order of the court November 26, and was bid in by local creditors for $90,000. The road i8 146 miles long and extends from Pensacola to Kimbrough, Ala: i 68 1924. 99 15-16 100 1.16| Wahl L. 100 1 & Co.) P B 80 s Aetna Explosi ATy etna Ex k) 3 4 Alljed Of Al Consolidated Copper . Continental Motors Engineers’ Ppiroteum . Eureka Croesus Farrell Coal . 0! Gillette Bafet: Gilliland 01 4% Gleu Alden 4% 1B Rocl 1116 13-18 1215 13% Intercontines Interuatioual Jerome Vi Magma Copper. Mafucaibo O Midwest Uil com. Midwest Ol pfd. Midwest Hefining Mountain Produce Penuok il Perfection Tire . Producers and Re Hadio com. Balt Creek Lroductog . Sult Creek (new) Sapulpa _com. Soutiiern Coal aud iron. Sweets Co. of Ameri Swift International ud H Heat and Light pfd. nited Protit Sharing . 8. Ship Corporut.on CHICAGO— Armour Leather com. OIL STOCKS. lose.— Bid. Asked Anglo-American Oil Co. (new).. 211, 21§ Borne-8erymser Co. 20 330 83 w5 | 190 126 | Cutoberlund Pipe L: Loieka Pipe Line. Galeva-Sigual Ol € Galena Signal_Oil Co. Line Fipe Line ational Transit Ce A 96 Ohlo Ol Co. 280 Penreylvania-Me: 19 i Prairie Oil and G Prairie Pipe Line C: Solar Refining Co.. Southers Pipe Line C South Pena_ Oil" Co. hington Oil EWS OF THE DAY INBOND MARKET NEW YORK, December 17.—Aside f N .| trom a few new high records on slignt advances and some profit-taking in issues in which speculation Nas played | 3 a part recently, the bond market varied little today from yesterday's closing level. ‘ Liberty bonds were irreguiar. Mex- ican 4s and s gained a bit, while government of Italy 6%s fell a point, and Republic of Chile 8s of 1941 fell off_fractionally. Cerro de Pasco $s, leading the cop- pers, went to a fresh top around 116, and American Smelting 58 reached 83 for the first time this vear. Sugar bonds sold down fractionally. New York Edison first and refunding 638 crossed 106. The rails were gen- erally firm. Kansas City Southern 3s were strong and the St. Paul's did better. New Sales Reported. The sale by the Ajax Rubber Com- pany to W. A. Harriman & Co., of $3.000.000 first mortgage § per cent fifteen-vear bonds iwas announced. The Wonds will be offered at 9915, A new stock issue w. so author- ized. 3 The Hudson and Manhatfan Rail- road Cémpany has received permis- | sion to issue $1,460,000 first lien and refunding mortgage bonds. Eldrige & Company have bought $1,758,000 5% per cent varied im-1| provement bonds at 109.71, and will | offer them publicly Monday. Successful_distribution of the New York city $55,000,000 41 er cent cor- porate stock has been announced. Provincials Less Active. With the exception of Canadian public utilities the market here for provincial bonds was a little less ac- tive than during the preceding week. Ontario 6s of 1923 were 99 bid, offered ! at 991, The 6s of 1943 were 104 bid, ; offered at 1043%. The 4s of 1926 was | 923, bid, offered at 92%. Manitoba 6s | of 1946 were quoted at 102% bid, o{-, fered at 103. The Gs of 1830 were 99% bid, as against 99% asked. The ' 68 of 1925 were 98 bid, offered at 98%. | 1t is expected that trading on 2 when- : issued basis will begin Monday in the case of the recently announced Cal- gary-Alberta bond offering. — e MUST LABEL EGGS. BALTIMORE, December 17 (Spe- | cial).—Cold storage in Baltimore and elsewhere in Maryland wherever dis- played for sale will be labeled plain- ly as cold-storage eggs, or the deal- ers will run the risk of prosecution by the state department of health, a cording to an announcement of A. L. Sullivan, chief of the bureau of food and drugs. Numbers of cold-storage eggs are being sold as “strictly fresh country eggs” or ‘“‘western eggs” or “selected eggs,” it is charged, and the authorities are determined to put a stop to the practice. S. S. COMPANY IN TROUBLE. NEW YORK, December 17.—An in- voluntary petition in bankruptcy was filed in federal court here against the France and Canada Steamship Company. Creditors listed are the McCoy-Moran Company. which claims $5,000; American Transmarine Com- pany, Inc.,, $17,824, and United States Mail Steamship Company. Inhc., by trustees in bankruptcy, $25,000. The petition charges the alleged bank- rupt has paid about $50,000 to former members of the United States Mail Corporation, making them preferred creditors. — 4 Brewfon, Ga., has a woman mayor and five woman members of the board of aldermen. Vbl e DECLINES IN WHEAT MARK WEEK END TRADING CHICAGO, Dcember 17.—Uncertain- ty about European financial condi- tions, together with evidence that markets were assuming a holiday character, has tended this week to bring about declines in the value of wheat. Compared with a week ago, wheat prices this morning were down to 3% cents, corn off 13 to 1% cents, oats unchanged to % cent low- er, and provisions at a setback of 15 to 30 cents. Weakness in the wheat market was especlally associated with the critical outlook as to German reparations payment and with accompanying prospects that European demand for foodstuffs might remain to a great extent on a hand-to-mouth basis. Un- expected heavy deliveries on Decem- ber contracts here added to bearjsh sentiment, and so, too, did gossip that United States government revised crop figures on wheat would perhaps show an inctease, as proved to be the case regarding cotton. Dry weather com- plaints from the wesi and southwest led at times to considerable covering by shorts, but the rallles which re- sulted were transient.The best upturn which the markt scored was due to apparent likelihood that Congress would vote $20,000,000 to buy supplies I for famine sufferers in Russia. Corn and oats were lower, mainly ‘l:ecnuae of liberal receipts of corn ere. Provisions reflected for the most part the action of the hog market. SHARON MILLS TO RESUME. SHARON. Pa. December 17.—The Farrell works of the American Sheet and Tin Plate Company will resume operations in full Sunday at midnight, 1t is officially announced. Six hot mills, employing 500 men, will be placed in operation. Twenty-four hot mills have been in operation for two months. Money to Loan We are in o position to give you the vest service in real loans. - AMoney mow on band for elther straight or building loans. Shannon & Luchs M. 2345 713 14th St. In Any Sum Our connections locally and other cities enable to fu nish money In any amount for Washinrton Real Estate En- terprises. Stone & Fairfax 1342 N. Y. Ave. Mats 2424 n 7. Organized 1879 42ND YEAR COMPLETED Assets .84,303,536.65 Surplus ..$1,002.30091 Results —Join the Equitable and save aystem- atically. Then you will establish & fund to make a deposit on a bome. Subscriptions for the 82d Issue of Stock Being Recelved Shares, $2.50 Per Mosth @ Per Cent Interest EQUITABLE BUILDING 915 F St. N.W. JORN JOY EDSON. Presideat FRANK P. REESIDE. Seey, Before Placing or Renewing Your First or ‘Sécond Triist See Welch Loan Specialist 15th & N. Y. Ave. Lowest Rates. Main 4348 Reasonable Charges. | Harrian & Co. 4 NewYorkStock Exchange 1 111 Broadway.New York E N Washington Office COLORADO BUILDING Y Telephone Main 1603 G.B.Chipman Attention, Build ttention, ers Stimulation of home baildine. The Natiopal Mortgage and lovestment Cos- tion is in tle market to purcheee Second s . Crd hutes ecired By e ‘monthly: Decdn"of Trust o8 ¥adivided interests in Rea) NATIONAL MORTGAGE AND INVESTMENT CORPORATION ‘Looking Ahead The successful investor is the one who looks ahead and acts accordingly. Looking ahead he invests his money in an investment that is good today and good tomorrow—an investment that remains at par every day—one that relieves him of all details and worry. Our 7% First Mortgages meet the requirements of those who look ahead. - In amounts of $250 and up. " B.F. SAUL CO. 1,4_1_2"53."?&'5.\1/. g Main Zl.! 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 S.W. Cor. 15th & “K” Sts. FINANCIAL.” LOANS If you have money to in- First Trusts Exclusively Conservative Valuations H. Russell Co. = 7%mred { i i =0 TIH in bat ag of val Public Utility $250 Up to $10,000 Bonds The only absolutely safe Industrial Bonds iy A Foreign Gov't Siciens consideration Eiven Benes s e e S Philadelphia Every Investor Should Know successful operation for four months. It is meeting in a practical way the building and housing needs of the Di_s!rict of Columbia, and is making_ very attractive earnings on the money employed well as first trust mortgages. the splendid general banking facilities of Washington. business as well as that of the builders is benefited by the release of | money. tied up and dormant in second trust notes. doing a general banking business will be benefited by a stimulation activity to bank accounts. tion are safe’ and profitable. insures continued and growing success, with steady increase in holders all alike. Corporation is being offered at the same price paid by the officers and directors. Corporation, 1418 I Street Nerthwest FPhones, Main §53 and 3&4. Comprehensive List of Bonds Money to Loan Secured by first deed of trust on real estate. ) 3 3 Prevailiog interest and commission. Conservative inves- Joseph I. Weller 42 Wen. L& Truss tors should find of special interest our offerings of 94 dif- | ferent issues of care- fully selected bonds, i as follows: 1 Municipal Bonds Railroad Bonds First Mortgage 1% “INVESTMENTS” Can be secured now in amounts of Certified Certificates of Title accompany each note without cost to_investor. Complete details upon request. Chas. D. Sager 923 Fifteenth St. N.W. Main 36—Loan Dept. We suggest you send for Bond Circular 607. Rédmond & Co. 1516 K Street w York Pittsburgh Baltimore furnished (This Is a Shannon & Luchs Offering) A G Street Business Property FOR SALE A location on G Street near 11th—good 4-story building, wita passenger elevator. Now leased for 21: years. Best block on G Street for Ladies’ Wear Shop. Phone, Main 2345 “Business Location Department” N & LucHsS ; Phone SHANNO 713-14t St. N.W. All About— Phillips’ First Mortgages and first Mortgage Notes. 12 > 3., The interest rate, how it is paid, and when. 4. The protection we assure the investor and how we in- sure the investment against loss. The sccurity and safety behind such an investment. How our organization functions for the benefit of the investor. -In denominations of $100, $250, $500 and upward. Investigate our mortgages. Write, phone or call for booklet “A.” which explains every detail. It's FREE. WILLIAM S. PHILLIPS First Mortgage Investments 1409 New/ York Avenue Main 98 [T 0 TR Women of Affairs The man of affairs has a real competitor today in the woman of affairs. These business-wise women do not make invest- ment gambles on the future of their children. Large purchases of our First Mortgage Notes on improved Washington real estate are made each year by well-informed business women. Swartzell, Rheem & Hensey Co. 727 15th Street N.W. Washington, D. C. The Nation's Home Town 52 Years Without Loss to an Investor “This Is Important to You The NATIONAL MORTGAGE AND INVESTMENT CORPORA- ON, of which Mr. H. Rozier Dulany is president, has been in its operations. . Washington has heretofore been without an established discount- nking institution to standardize discounts and provide a ready ency for dealing in real estate securities based upen second as 1 The National Mortgage and Investment Corporation supplements Other | Institutions ‘i business through building operations, which multiply and give Investments in the National Mortgage and Investment Corpora- The character of the management lue of the investment, which accrues to the benefit of the stock- A ‘portion of the Stook of the National Mortgage and Investment Subscriptions are received by the Hughes Finance