Evening Star Newspaper, January 5, 1922, Page 25

FINANCIAL. E ¥ NG § ', , D, 10, 'rmmsmv J’A‘NUERY 5, 1922 FINANCIAT AUTO SUPPLY PLANTS' ACTIVITY P e e e o S Momoy by tomn QUICKENS CLEVELAND TRADE |tmcese: & 4l ‘ M| This Bank is Now | ; BIR.Q.{.&RSCO' Our connections locally and in other cities enable us to fur- | Joseph 1. Weller $22 Wish. L & Tron nish money in any amount for ‘Washington Real Estate Ea- Prevailing interest and commiss| v T Trost Am. Light & T. YForce of One Big Factory More Than fi:fif{f"ff:‘n*:m, 108 Years Old e ugt:;; & Fairfax LOANS Stocks, BOIIdS 3 a. "% N. Y. Ave. = 821 15th St. f{We have passed another milestone —added another year to the long and honored service record of this widely patronized bank. If you have money to in- SURAN CE vest we can safely place it on gilt-edge first D. C. Mort- Main 3180—3987 No Lot Too Large No Lot Too Small Direct Private Wire to Ogden D. Budd & Co. (Established 1885) New York City Full Service : DoubledfiSteady R‘e-Employment in Me: xh‘ln snnllonm on (‘o xl lnn. Progress—Other Sections. thm oo o Midwest Refining . St. & gages. Our record of 30 years ALL I INES insures your protectior. Cour- teous treatment. | GEO. W. LINKINS Percy H. Russell Co. 1519 k Frl S.W. Cor. 15th & “K” Sts. “IN BUSINESS SINCE 1886" BY GUY T. ROCKWELL. of 50 per yea- ago. T¥ Special Dispatch to The S further imy January Interest Coupons Pending reinvestment of your January In- terest Coupons and Dividend Checks, deposit them In our Savings Department, where they wiil earn more interest for you. i 3% Paid on Savings Accounts Natlonal Metropolitan Bank \ apital, Surplus & Undivided Profits Over $1,500,000.00 i5th St., Opposite U. S. Treasury—108 Years Old ‘nt from the level of a is expected to provide tus to the building pro- CLEVELAND, January 5.—Manufac- | grams in this section: L SeniN BN T Y i turers of automobile bodies and parts Oysters. are feeling a revival of demand that 4 Vegetables. SEAFORD, Del. January & (Spe- has been missing for months as & re-J .2 FRANCISCO, Janyary § (Spe- , clal)—The Nanticoke river is trozen = b T s sparagus, the first of e|and has checked the oyster industr: sult of the x-vt_xrch.m» now being made | California farm crops, is already mov- | between Seaford and points on th’o by automobiie manufacturers. Theling to market under favorable condi- | Nanticoke and Wicomlico rivers, Ches- force of the Chandler Motor Company | tions. \x:nlu{.m and seasonable rain apeake bay and Tangler sound. _ The x B! cate ample crops in general. packers here have e shell stock lasibeendmors) tham doubledjsinge D — . on hand and openers have been laid cember 15. The big tire makers off un*il the freeze breaks up. Akron are steadily adding men their pay rolls. Plants are reopening in the ind trial sections of northern Ohio a the demand is incr. This is evidenced by the demand for coke manufacturers in_that blast furnace of the Up : of the Bourne-Fuller Company was Dry Goodw. being filled today preparatory to blow-| CHICAGO, January 5 (Special).— ing in. Eight hundred old employes | The dry goods sales 921 showed a had been notified there was work for [larger tonnage than in 1920, but prices them, but 1,200 showed up before day-| were from to 50 per cent lower light'in the hope of landing a job. than in that year, the reductions be- The leading milk distributers here { coming more marked toward the end have announced another cut of one|of the last fall, cent & quart in the price of milk. This el 55 followed acceptance by farmers of a reduction of 5 cents a gallon. very stro Kansas City Price Cuts :.;lilp\_ : wve awikened to the Tac Stimulate Retail Trade | woois wnd that an acute shortage of | e G i some desirable grades is threatened. pecial Dispatch to The Star. KANSAS CITY, January 5.—The first of the year sales with their reduced| prices_are serving to stimulate retail trade in this section of the country, es- pecially in men's and women’s clothing. | ¢ The wholesale trade has not yet com- pleted its inventory period, and condi- tions are quiet. Bank s ts issued this week show that the loc 1ks have 00,000 in the last but this to a large exten! that indebtedness to the ba fallen $12,000,000 in a similar peri There were fewer commercial failures here in 1921 than in 192 3 An indication of the healthy condition | COMF of business in this section may be gath- [ open-he: gred from the fact that Kansus had| PITTSBURGH. January 5 (Special). ¢ 23,600 automobiles registered in the —The steel market has been ne Six months, bringing the total number ann«lr\ for a wee of cars in that state up to out as follow: though this is a live set bars, $29 cattle on every farm, the milk consump- | bars, shapes and plates, $1.50 tion of Kan: about one- | ard steel vive, Tce. January 5 (Special).— | harves{ is now being | § points in Michigan, hich were depleted t summer, are rapidly being re- i plenished, and there are prospects of a liberal supply for next summer. T \P'rm ) Th Satnered b man Storage stocks, 52 Yo Wil s toons ot Botabliohed ]8’8'9 . L. Rust St Mortgage Soans || - % In Corwenient Denominations Other Moneys—and Yours — ONE DOLLAR MEX. From Singapore to Changchun, the Mezrican Dollar, worth fifty cents, i3 a favorite coin of ezchange. It is good along this great stretch of Continent be- cause people are used to it, have faith in it, and like it. Bimple reasons, these, for the popularity of the Dollar Mez. in the Orient. NewYork Stock Exchange 111 Broadway. New York (Special). N Washington Office | COLORADO BUILDING Telephone Main 1603 nuary 5 (Special).— plants are working 1y normal forces in strike. Packers, how. wre buying live stock less freely _ OUR First Mortgage Notes on improved Washington real estate also enjoy an international popularity because of their exceptional safety. Our interest payments go to investors in Europe and Asia. In fifty-two years we have negotiated millions for our clients, and no matter in what part of the world they may be, their interest is sent to them so that they should receive it on the day it is due. G.B.Chipnian Manager - NEW YORK, Janua © Pennsy tracted for for 5 (Special).— nia railroad has con- 000 tons of steel rai delivery. ’l‘he hle- | aNOLarhe steel | provide for 130-pound | hem, EQUITABLE Co-Operative Building Association Organized 1879 424 YEAR COMPLETED half pint per per person. The use | from b Ansets . $1,365,206.73 of canned or condensed milk is declared | rollod iite Surplus L l$1,111,6321 spolx;:xhle for the small amount | | Sheati Falvanizea, ah 5 2 mil cons - : SR | Save While You b Swartzell Rheem&HenseyCo. road has outhined plans f Get a Permanent Home Earn —Make up your mind to save something each pay day and watch it grow. which will open up rich territory in Cedar and Polk counties, Missouri. ar Compan Lumber Activity Boosts ; Other Lines at Seattle [ihae or 1850 owine to the b noer BY PAUL C. HEDRICK. CECOrERE rav ceth Special Dispateh to The Star. SEATTLE, January in’ the having a compelling lines of trade in this for Your Business” 727 15"—"" Street NW. Mich., January 3 (Spe- Jutpu c Subscriptions for the 82d Issue of Stock Being Recelved Shares, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Secy One building near 9th street, leased until November, 1924; rent $7,000 per year; price $105,000. Ancther building near 9th street; immediate pos- session; price $100,000. 1 building near 11th street; price $125,000. 1 building near 12th street; leased 1 year; price $300,000. Corner near 11th and F streets; price $130,000. Building near 12th street; price $125,000. Building near 13th street fronting 27 feet; im- mediate possession; price $210,000. New building near 14th street; immediate pos- session; price $140,000. Building near 14th street; price $165,000. ¢ Building near 13th street; immediate possession; i 713 14th St. N.W. Increas industry b 2 on other | ufacturing Company has receive $500.000 order for electric switehing sale machinery and su pment from Japan. Work will | now in the market for iron and steel, ! start on the order at once at the! wire cable, engines and boilers. The tsburgh plant. increased requirements of the lumber oo e S I‘ mills, shingle mills and logging camps have warranted the supply ! oudes B Viacit duinice oracrsLox | INDUSTRIAL STUDY URGED. | these materials in larger quantitics than at any time in 1921, {Bureau Would Have Basis for Reck- The increase in the pay rolls at < mill towns and logging camps oning Depreciation. stimulated the wholesale trade, although there i F Street Properties For Sale Guaranty Trust Company | of New York CITIES SERVICE SECURITIES Bought, Sold, Quoted THOS. W. BRAHANY & CO. Investment Securities 510-11 Evans Building Washington, D. C. Main 6159 140 Broadway FIFTH AVE. OFFICE MADISON AVE. OFFICE GRAND ST. OFFIC= Fifth Ave. and 44th St. Madison Ave. and 60th St. 268 Grand St- Studies by various industries to as- price cutting in that line, due to keen | certain within each industry a normal competition. £ frate of depreciation shown by ex- The slump in the egx market in the ’ markets in and around New York, |Perience on buildings, machinery, etc., Whiere about 60 per cent of the Pacific | which- may be used as & basts for northwest production has been ab-| roorconi e tion i i B e e Lt oyi- | reckoning depreciation in individual ting down egs shipments from eight |Plants is urged by the fabricated to four cars a week umers | production department of the Cham- are paying 55 cen com- pared to 75 cents s ter of Commerce of the United ; LONDON LIVERPOOL PARIS HAVRE BRUSSELS ANTWERP CONSTANTINOPLE i Condensed Statement, December 31, 1921 Receipts at 1 theaters for the weeks ran |studies have the approval of from 25 to 40 per cent below the re- ‘l‘;‘n v lhiparlnmnl. > BOUGHT FOR CASH. ceipts of a similar period a year ago,| It is not the purpose, the statement | le BO d E h v Sk st e Wi o | erty bond Exc ange, Notes. fan inflexible standard rate of d 60414!.[1 St th £t preciation for the buildings. m: RESOURCES Cash on Hand, in Federal Reserve Bank price $150,000. Corner building near 13th street; price $200,000. SHANNON & LUCHS BUSINESS LOCATION DEPARTMENT ST. A canvass January 5 thirty ] ete. of each unit within the in- vlu~(r\ but to s«t up .$7141,209,202.62 »mething that Lere, at Louisville, d aiE s 5 z;rck“:m..l B ':n\\'xlleé Sl amiigvidedionn Dlusasl Overia ‘ U.S. Government Bonds and Certificates. . . 28,097,670.74 1s"an inercase of 311 T e Quarter Public Securities...... ... 31,080,045.53 amount on deposit Nov £ =i K ost of the pla ith ' PHILADELPHIA, Januar: f,l:;xr;:u e mp sl of a Other Securities . : 22,558,892.62 cian)—Kegoulations’ are now I¢ thiese uniformcond{tions 3;}",}‘1‘;“" Century Loans and Bills Purchased ........ 296,525,218.14 ’ an adjustm : « ! municipality and the local tion rates which are to be charged it s | Withont Real Estate Bonds and Mortgages . 2,668,396.67 e e i heny of the industey and infernal revenue i Foreign Exchange ............... 7,725,224.18 e e e fisis ‘at il 15 set up. ' Another Credits Granted on Acceptances................. 24,008,291.99 vocates declare, would go far Sdvartage i cacblisning, SOt rience and RealfEstate™ - oo r0 . oo oneo s .. 8,557,780.41 enabling the transit compaiy to re- | \aiod S8 Lae S e Mo o =411 N sume dividends. {yould ‘prove of as much or more Kn l . Accrued Interest and Accounts Receivable ....... 15,879,235.47 FORT WORTH, J: ial). ¢ of depreciati; be in- ed SETR 200 TER 27 «—Texas bankers are united in decin: | chaded. n costs A6 they would 'In owledge $578,309,758.37 Ing that money is easier, and pros-)making up tax statoments. ! s brighter than a year ago, and i g gl i A ! i outhaletia o (e futa e o i On a legal matter, con- LIABILITIES Hona. have. been improving. " punkirs | FINANCE AND TRADE NOTES. || L1t o' faiver that's his . 3931, Carpopters in "Conira1 Toxas | f the Loom i-1 bleached for January- || business. ! . 15,000,000.00 towns have voluntarily agreed.to cut|February delivery is announced by 5 their wages from $7 to §6 a day. its manufacturers. Converse & Co. When you have funds to Undivided Pnfitl...................-........... 2,255,398.56 .. Directors f the ieneral Motors . 4 —————— Commodity Reports _(;:_-r;:;i-:?ji:;:i \%;erl to omit the quarter- || invest, consult us—that's $ 42,255,398.56 From Various Sections | “uuion, ioetis i porcea prtpurine 1o || 17 PUSIE™ , Accrued Interest Payable and Reserves for Taxes ° |raise an internal, loam of 100,000,000 AR o i . A A . i and Expenses and Other Liabilities 16,649,999.48 PITTSBURG francs. The bonds will pay 5% per Time-Tested First Mort- |i Th b l b lldln : e 7 eroE DTN ey 8, G el arerest gt e 18 substantial bu g Acceptances—New York Office................... 15,989,826.69 a barrel in Pennsylvania' crude oil gages that yield 7%, in || h Americais La Stock Marke, Foreign Offices 8,018,465.30 wing o the modcrats ammand tor 4| GOLD MOVEMENT IN 1921 || amounts of 250 and up. | ounes Miericd «-decond Toits: Swock Muitet Outstanding Dividend Checks . 58934950 cration in anuary . . City, with four closed. February Owned and occupied by the New York Curb 5 7 T _QRANGE, Tox. Jamuars © (Special).| 3. B. F: SAUL CO.:|[ 1| %N eitce, this modem: cachangs represénes fan Deposits........cccocunuunnnnnnns 470,916,979.07 :l';:a’;fihii&?e‘éf‘* ';;"xs( l.(:r;:il[ i '\r{‘[_v::r:;,‘;é)'.',\'\sfl.’l ‘ \"E : Mortgage Loans { ||} investment of over two million dollars. . 35=78'309'258;§1 the bringing in of a 30,000-barrel e i A N e S 1412 Eye St. N.W. A vast trading floor, complete ticker and telephone o OF DIRECTORS R Main 2100 service - every convenience that long experience BOARD PHILADELPHIA, Janus Spe- could suggest, every facility that ingenuity could de- cial).—Hides, the basis of tne leather et h ggb s e o thb GO e Charles H. Allen W. Averell Harriman William C. Potter Mmarket, are. Showing steady improve: vise - has been us P quick ang = ; Rty P t, cather and cathe: prod- :. . . rustee : ucts ‘are barely holding their ‘own. accurate conduct of business in this great market e W. A. Harriman & Ca., Inc. * Large clearence sales of shoes, how- place for securities. Bedford 2 John S. Runnells dra 35t R Rl ML | Ofpen at 8:30 AM. Every Banking D ' ope s e A ey Sppearing in the market for Flazed Eano: /4. Lvery Danking Day i A high standard of equipment is also maintained by Oil Co. of New Jeney Vice-President New York F. Ryan S > i Jones & Baker in their 10 offices, linked together by Edward J. Berwind Central Raibroad Co. e Cofee, 9 o l B } a complete private wire system. Quick, accurate President Berwind-Whise Cosl : cfix‘)‘."ix%‘}ofifl‘i: gt S ’I‘,’.'f'l. | Columbla Natlona a i execution of tustomer orders is insured. 2 TM‘: “";‘; A D. Juliard & Co. e s port made a new reco==<.st month ||} 3 5 i . vhen 500,000 bags were brough 3 Capital, i o Saii: valfl" hes ukme Jans verd roecel o i Semals 911 F Street szsno00m | B ntieaul e lien e s e Chm. Bd Dircons Comma- Cornelies . Kelley Joba A. Spoor ment-owned barge line up the Mis- |} gt Jones' & Baker “information headquarters” for | ) cial Trust Co., Philadelphia President Anaconds Copper Chairman of the Board, Uniea Thents to this port. | i the stocks traded on the New York Curb Caleb C. Dula Mining Co. Stock Yards & Teanst Cov { Exchange. It is significant that 40% of their President Liggett & Myens Edward R. Stettinias Butter. ! Thomas W. Lamont RCHICAGO, Junuary 5 _(Special) Profitable Employment for new customers come from old customers. - . Tobacen Co. of J. P. Morgan & Ca. of J. P. Morgan & Cia er prices are down, extra crea 11 t 39 c , th . Marshall Field Myron C. Taylor % Raues foc i ‘hirusn B 13 January Interest Coupons Ask for illustrated 40-page book de- Thoser Este Willam C. Lane P ST ga‘.lt‘al :‘:‘g ;::nglfn“kfl b | 5 & scribing the New York Curb Exchange. of Marshall Field IVi»P—irI- Passaic Cotior. Mills Pl oty ¢ 1 Your January funds will become sources of ad- Ask also for latest information on ‘Robert W. Goelet Eagi 1 Mickia P Whit DETROIT, Junuary & (Special).—|[1 ditional profit if deposited in the SAVINGS the stocks that may interest you. Real Eaate of Bak &Co. -~ of J. P. Morgan & Co. The reduction in brices of motor car ; B ety Tenitictees hea i e - DEDY of chis strong old bank. 8 : Eugene G. Grace pected to M(lol:ow:d by otner makers | | i . e President Bethlchem Stedd Grayson M.-P. Murphy Harry Payne Whitney o tim he Paige e~ t . from time to time Tve Saieo De- |l ' { Bring us your dividend checks and interest cou- Baltimore Office ONES & BAKER Corporation : 0t G. M_P. Murply & Ca. Saaty $170 to $680, according to the design |} | o5 -433 Equitable Building ot the cars involvel. "The Denby|lj poms so we can put them promptly “on the job' & i NewYork Curb Market Daniel Guggenbeim Charles A. Peabody Thomas E. Wilson any has elephone : Plaza Sheet Wires $ : , : ;‘;k‘.'. on 1ts vasions cars from 314 ¢ ||| ~ earning more interest for you. Rl E AL g of Gaggeaheim Brothers President Motual Life lon. Co, Presdent Wilson & Co. lnc. Pitsburgh ‘Detroit Balumere Cleveland 2 . . Brick. 5 TE aving ; : S i NEW ORLEANS, January 5 (Sp & Coml:onnd Interest Pdd on Snvlng.. du).—lrhe la)l"gcu"hrh.k-é“.m:;hc:ur- == 0 ‘Yl':;l can open .B-s.l?ngi:h Account at < < ing concern hero has reduced prices 29 $12.50 & thousand, which fall coayeaieat Bank with as littic as : g —