Evening Star Newspaper, January 12, 1922, Page 25

. Basedx on Placing of Auto Makers—Textile Spring Buying Under Way. BY GUY L. ROCKWELL. Dispateh to The Star. Ing of te orders by automobile manufacturers is expected to result in lly increased production’at the steel plants here and in the Mahoning valley. The Ford company aiready has given independent mills in this district orders for 12.000 tons of theets. Steel plants have begun the vear on a 40 per cent of capacity production Lasis. but steel men confidently expect an early increase in the scaedule. Fol- Jowing the reduction by the mills in the prices of wire and nails, jobbers here have cut the price of annealed wire from 3.1 cents to 3 cents a pound, and wire nails have been reduced to $3 a keg. Textile manufacturers state that the spring buying movement is weil under way and that the vo'ume of business is © cent greater than at this time last year. Demand for. the bet- ter type of merchandise is reported. The Parish & Bingham _Company, makers of automobile parts, which pro- duce large quantities of products for the Yord car, has just resumed operations er a holiday close-down. Tire manu- facturers at Akron are maintaining a steady schedule of 100,000 tires a day. Expect January to Break All Records in Building BY DICK SMITH. ch to The Star. Teading ban mational bamk_ here has experienced any trouble owing to economic con- ditions and that concern has now been put on a sound footing by the intro- duction of new capital. Bankers are optimistic as to the future and busi- eason with more s been displayed 20. Representatives of business, the laundry the butchers' supply trade, lumber. ' hardware, musical - instru- | ments, clothing. automobiles, dry goods, paints, soaps and a score of other Hnes have encouraging reports to make. January promises to break all records in building aetivity and the permits already issued indirate that lhf total to be started this month expenditure , of require 00. wing the trend evidenced ago. New York and elsewhere, lave dropped 11 cents a dozen In three t wholesale and firsts quoted at and selects at 31. Warm is the cause assigned. Cold storage eggs which cost as high as :fl l-(HN a dozen have sold for 18 ents. Downward Trend of Prices Is Broadening at Seattle BY PAUL C. HEDRICK. 2.—Statements have touched Vottom find little confirmation ific northwest. A large re- & and men's furnishing house today announced reductions in prices averaging 1-3 per cent. The down- ward trend of prices also extended to butter and eggs, which are sellig to- day at the lowest prices recorded in any January for years either at w Inole*‘mle or retail. ¥ importations of Australian in the bulu‘r t Vancouver., B. C.,, and San Franci which are Intended for eastern consumption, have tended to depress prices below previous low marks. and dairymen declare _this tendéncy has been augmented by the ! low eost of hay and grain throughout the whole country which has led to overproduction. is selling here at 40 cents a pound. Coal production in the open shop '} mines of western Washington now is| averaging 1,900 tons a day, or about 65 per cent of normal. Owners are restricting production in order to as- sure steady employment for lhe men under ground. Commodity Reports From Various Sections ! us Metal. nuary 12 (Spe- There are distinct indications al in the mining indusu gold and silver propertie: tion is probable. Meat Products. HOUSTON, Tex.. January 12 (Spe- -Trade has been brisk with the Fort Worth, This has been a reflection of the strike of employes of the large pack- ing companies in Fort Worth and Ok- | lahoma City. Preoduce. \ “APOLIS, January 12 (Spe- The railroads running into the v ities report a decided increase in shipments of farm products, due to the reduction in freight rates. Sugar Beets. DETROIT. January 12 (Special).— The beet sugar manufacturing season in morthern Ohlo and Michigan has closed. Production was about 80 per cent of normal owing to the sm: sugar content of the beets this year. The crop is expected to yield about 3,000,000 bags. ‘Wool. BOSTON, January 12 (Special).—The Wwool market is very strong. Indica- tion of this trend was furnished by the government sales when $.000,000 pounds of wool were sold at advances of from 10 to 20 per cent. Many rades CITIES SERVICE SECURITIES Bought, Sold, Quoted THOS. W. BRAHANY & CO. Investment Securitien 510-11 Evans Building ‘Washington, D. C. Main 6189 Money to Loan Secured by first deed of trust on resl Pravalling interest and commissic Soorper - L. t Trust Joseph I Weller 2 “1 BIRD& CO. BROKERS Stocks, Bonds 821 15th St. Main 3160—3967 No Lot Too Large No Lot Too Small Direct Private Wire te Ogden D. Budd & Co. (Entablished 1885) New Yeork City Full Service ACCOUNTS CARRIED ON MARGIN. FINANCIAL. EARLY INCREASE IN SCHEDUI EXPECTED BY THE STEEL MILLS January 12.—The plac- | ket v oer, Best creamery butter ! ening and increased vroduc-' Dallas _and Houston. || hiumadiits Orders by of wool are up 30 to 43 per cent since last summer. and there is a scarcity of high-grade wools in the local mar- Shoen. CHICAGO, January 12 (Special).— The average net profits of shoe dealers in this section in 1920 was 1.2 per cent of met sales, and dealers here declare t that they do not expect to beat this average much in 1922. The increase in_ logging operations| from Mexico to British Columbia has increased the demand for logging en- gines so that manufacturers here are running full force. Foundries are operating at 65 per cent of normal. Glasa, PITTSBURGH. January 12 (Special). —Glasy, manufacturers, anticipate an Increase in the demand for window glass with the approaching sprjng. A boom ix not anticipated and keen competition is expected. Dry Goods, ST. LOUIS, January 12" (Special).— Wholesalers here are of the opinion | J; that retailers ip the grain-growing states have nearly completed the liquidation of their obligations. De- cided duliness prevails just at pres- i ent, however, due to seasonal causes. DETROIT. January 12 (Special).— Announcement that Henry Ford would | assist the Lelands in purchasing the acoln Motor Company February 4 has shot the Lincoln stock up to §6 a share and over. Ford is id to intend turning out the Lincoln ear in quantities fo sell at a very low i price. and ‘that his plans contemplate making some reimbursement to orig- inal stockholders. Notes. PHILADELPHIA, January 12 (Spe- cial).—Much of the lower-priced cloth- ing now passing into the hands of consumers shows inferior workman- | ship_and poor linings, according to {retailers here. As a result of the| | complaints, manufacturers of men's clothing will get together here Sat- iurday to discuss means of better con- ditions In_the trade and improving workmanship. CHICAGO. January 12 (Special).— Building prospects are improving here. Four large unions in the build- ing_trades have voted against re- pudiating acceptance of the wagd and | conditions award of Judge Landis, acting as medlator, and it is probable that the remainder of the trades in- Faved il apandon attempte to gain | aditional cancesxions, THE LINCOLN HAIL ASSOCIATION. AN IN- corporation of the District of Columbia. has a capital of one hundred and 6fty thousand ($150,000) dollars, fully paid. The existiag | indebiedness is $4508. Clark Seing duiy sworn depmu and is the president of the sald Lin- e that the statements true. ALLEN C. CLARK. j District of Columbi: Subscribed and swe day_of January, 19 | (Seal) GILBERT A First Mortgage 1% “INVESTMENTS” can be se- cured now in amounts of $250 Up to $10,000 | | Chas. D. Sager 923 Fifteenth St. N'W. Main 36—Lean Dept. #fi | EQUITABLE | 1" Co-Operative Building | Organized 1879 424 YEAR COMPLETED Assets .$4.365396.73 | il Surplus ‘s111t/e3z9e Join the Equitable Save Systematically il Unless you adopt a systematic methedi of savings difficult to sc- ob- Subscriptions for i | 82d Issue of Stock | Being Reeeived Shares, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSO\ FRANK P. o) To the controller of the currancy, a8 Jequired ended Total expeaces for year ended 2 piymber 31, Yool ™ SEATTLE, January 12 (Special).— | Pog 1 Surplus a ames B. Lambie Aulick Palmér. We, dent; Olds, treasu bie, ¢ hi ey ot lenunv A.D. 1922, Total aumber of directors and this_company. twenty-five. At Washington. in the District of rolnn‘-%: at m savin . ciitenten "ot deposit _(other . Other time d tement 854 bellaf, EDBON Bubscr| w oot Jemeacy, 1002, Correct—Attest: LOANS If you have money ‘to in-- vest we can safely place it on gilt-edge first ' D. C. Mort- gages. Our record.pf 30 years insures your protectioe. Cour- teous treatment. Percy H. Russell Co. S.W. Cor. 1su-u;;~ Sta. RUAT COMPA ‘THE DIS- TRICT OF oLuMmA 16, aci of Congress, [ i Q;t;"ro. the year 1 "ended De- aber 85 o1 nd und = profits stter de; EDSON B. OLDS, F. ohn H. Swall. o £ Hamition. frst vlee prest- Georg Irving zlmn n‘erflav Edson + of Columi : T to and sobicribed before me this 9t G. ELMER FLATHER. Notary Publlc. b. C. trustees of BEPORT OF THE CONDITION UNION TRUST COMPANY Of the District of Columbia, the close of business December 31, RESOURCES. - 8 Loans and discounts, Includ- 465,100.00 1,600,203.51 1,223.721.97 3.38200 1 rom_na . 398,490.41 | Amount due from state banks, i and trust M’lnul In the United States (other ihln included in items 8, 327.338.20 The ouly absolutely safe form of ——————— 233,687.83 {nvestment ylelding such & liberal rate ZAmarat Jne o saeiiak. = of mtersst. g o Lormy forelgn countries (other Slhcleny Seomideraion iven (o a1l ot Tociuded n tems 31 or 250 80,014.10 n Certifled_ Certificates o Titte uc- -, 33 Sortified checks omtstandiog: 1,982 compuny each mote without cost to in- 6,651.90, Yestor. . $89,408.54 Dem-nd deposita '(other than {Deposits deposite). PATADIc ithin 30 dmmy Indivifal depesite. vu lather” than bauk depeate lteme 33, B .P'.I!. Dot ays, or sublect dazs ot more ‘Botice) * and than for mm-y‘ borrwtd} dep than postal savi ing war loan dej and Geposits of United States Dank, solemnly ‘swear fhat the sbove true to the best of lno-hdn B. OLDS, bed and sworn to before me thls. 1& 8. WILLIAM MILLER. ry Public. Frank C. Heary, G. Thomas Dulop. i +$ Furniture : Carpets v o PP RE PR SRR e PR Pi Pt O 42-in. 50-in. Table, -54-in. Table, 60-in. Table, Special. 72-in. Table, Special. 6-ft. Golden Oak Special L] Inquire About Deferred Payment Plcn Establuhed 1861 AW, W. Moses & Sons 1th and F Sts. Our Business Ful_-nitu‘re ‘Department’ offers for quick clearance these high grade Quartered Oak Office Tables in all the wanted sizes. Table, Special. Special. Special, $32.50 Direct Entrance From 11th Street Office Settee It's a Bank’s Business —t0 know the financial “ins and outs” of all lines of business. That's why a good banking connec- tion is indispensable ‘to every head of an enter- Ofen at 8:30 AM. Every Banking Day Columbia National Bank Capital, $250,000.00 911 F Street prise, little or big. 1l Our service cannot fail to be of value to you, whether your concern is a going one or just start- ing. Establish your credit here while d\e year is young and let us help you make 1922 a “‘winner.’ 3% ocs moveutsn ane Crsans Recass o ALL STOCKS Lares on e Compouml Interest Plld on Savings. You can open a Savings Account at this convenient Bank with as Ilnle ar onm P g 1y you want & copy of mu Ml lflll u'fl“mmm is limited. $1 | Surplus, $250,000.00° A Copy Is Yours for the Asking This book ‘:’n-:!:- you ltlo com- pare prices the past 11 yeirs of -llw tocks listed on the New York Stock Exchange, divided as follows: F and fow High pre-war prices— I9|l 1912, 1913; hxglundlmnv tmpneeo—l‘?“ to 19l9mrJ|m high and low prices for 1920; hig low and closing prices for I9l The book also gives the dividend record and other im ‘ortant da‘a o all issues withoul & or arie. o once. contains a number of letters from investors who have fcund safe’y. consenience and profi. in the Partial Payment Plan wluch we originated 11 years ago. Smith, Lockhart & Co. Ground Floor, Continental Bidg. 1%/ mo ““The Partial Payment House™ ESTABLISHED 1911 Members Baltimore Stock Exchange FIRST The Safest Security on Earth RTGAGES Baltimore, Maryland. To% Phillips’. First Mortgages are all for len than ‘1. Absolute Safety. 2. 3. 4. 5. 7 Liberal Income. Insurance Against Loss. on Against Depreciation. Protectic 6. Prompt Payment of Interest. Repayment of Principal in full at Maturity. 50% of the ready market value of the property. They offer you— Choice First Mortgage Investments $100 $250 Companies whose securities are traded on the New York Curb Exchange must meet and maintain a high standard of 1409 New York Ave. Write for Booklet “S"—1T’S FREE Safc Investracat: LIain 93 High Standards requirements. Under the strictly enforced regulations ot the New York Curb Exchange, the listed companies are required to ~submit certified statement of assets, liabilitie’s, earnings and expenses —publish annual statements ~give notice of any increase in stock —furnish full details of directorate, financial record, and stock issue. ~Mining and oil companies must also submit engineers’ re; other data: rts, maps, leases, di names and statements of subsi The members of the New York Curb Market are governed by a constitution and stringent rules which provid e mmmum safeguards for Lhe vesting and trading public. Jones & Baker have become known as ‘information ”for the stocks traded on the New York Curb Market. And nearly 40% of customers—a Baltimore Office 433 Equitablo Bailding Telephome : Plaza 8451 4 their new customers are introd: uibummsewlcetendercd Copyofdlumud book on the NewYork Buhnge is yours for the asking. Send for it and this week’s issue of the “INVESTOR & TRADER,” the 16-page market review. Direct Private Wires New York Chicago $1,000 eeds and lding companies must give diaries. ced by old Joxme Hams Neuw: York Curb Market Pittsburgh Detroit ln.n-:l:.g‘evd = in- nd In xzy Sum ° P T R T 10 7 Our " Washington Office COLORADO BUILDING Telephone Main 1603 G.B.Chipman Manager connections locally and in other citfes enable us ta fur- nish money in any amount for " Washington Resl terprises. Stone & Fairfax uc N.Y.Ave, '~ Mala 2424 ... FINANCIAL, LIBERTY BoNDs | First Trust IOmln FOR CAFH. Col mlMSMNW. Main 2424 Balatlished 1589 1912 Gifreenth. Stveel FC L. Rust Fuot Mordgage Foans In Corwenient Denominations IMain 6838 For Sale—7% 33.00000 to $4,000.00 Units sis 7 . | P T Other Moneys—and Yours SYCEE--OR SHOE SILVER The sycee {s an ancient, crude and nugget-like Chi- nese coin, now fast disappearing from wase except in parts of Manchuria. Various provinces, cities, towns and individuals stamped their own rough Shoe Silver at different values, which resulted in much confusion and continual money changing. —0 UNLIKE the sycee holder, you are never in financial confusion or anxiety if your money is invested in our First Mortgage Notes on improved Washington prop- erty. Time has demonstrated that these notes never fluctuate. Their form is standard and recognized the world over. 727 154 Street NW. Swartzell Rheem&Hensey J Co. 3 AM 7 th and Mass. Ave. —one strong Bank in four convenient locations " 15th and Pennsylvania Ave. COMMERCIAL—SAVINGS—TRUST O be helpful and friendly in our rela- tions with our customers—to render them a banking service that meets their particular needs—is the ideal of serv- ice toward which we strive. Some people think that a big bank, by reason of its size, must be coldl\ imper- sonal. With us, our convenient “branch” system overcomes.that tendency. It does away with overcrowding, en- ables officers.and employes alike to be- ‘come acquainted with our customers, to increase their circle of friends, to develop a knowledge of business outside of the bank. _ There can be none of the coldly imper- sortal in such friendly relations. Your account, no matter how small or large, will be welcome at the American Securlty HOME SAVINGS BRANCHES 3% Interest on Savings Capital and Surpu.v, $5,400,000 8thand H Sts. N.E. 436 7th St. S\;V ERICAN SECURITY |