Evening Star Newspaper, February 27, 1922, Page 21

FINANCIAL. BOND AND CURB MARKETS. Bonds. Carb. (Quotations furnished by Redmond & Co.) U. . LIBERTY BONDS. 2:30p.m, OTHER BONDS. City of Rio de Janeiro Ss 1946 l-n’noh Government Bs 1845 French Government 7igs 194 Government of Switzeriand Sn 1940. Ringdom of Belgium 7338 1645, Jepublic “of Chile 58 194 United Kinggom 5igs 1922, Vuited Kingdom 5iys 1929, Atlas 438, Baltimote aud Ohio cony. 333 1933. Haitimore and Ohio 6s 1f i 835 868 o8ts 1008 T8% 113 78 108 Pont 1\,-“19:";. lz"- keneral lien 5 neral Eiectric 6 1940 106% oodyenr Tire and Rubbe 14 .90 (Quotati E bbs & Co.) (Quotations furnished by W. “:"T'" id, and Bostoy Cll.d:lfl:m‘ Wyssl Calumet o & . Clties Bervice itics Rervice (oidy. Gitien Servies monwealth ¥ Consolidated Copper -, tal Motors . Glen Rock O} ":'ll"!-dtl‘llflnh = ercontinental Rubber International ? Ferome onal, Petrole; 27 Count; Lafe Tomia Lincoln Lone 8t agm: Maracatbo O1f Muson Valley Merrie o iwest 11 Midwes, Midwen Mou Illinals Central Slys 1931 Internationsl ‘Merc. Mar. s 1 Int. Rapid Transit 1st and ref. 5% Iy-Springfield 8s 1831 and h mer. B % | Northwentern 0l Omar 011 (new) . Pennok 0f1 Missouri, Kansas Missouri’ Pacific geut 0 My w2y 8T nd Western cony ile_4s 1996, r Car o T Sivania gen. morig: 1 4s 1997 nv. Pacific 8. Drug s 1841 Realty and lmp . Rubber_5s 164 . Rubber Tins 1930, OIL STOCKS. Anglo-American Ofl Co. (new). jorne-Scrymser Co. Southern Pipe South Penn. uthwest. Penn. Standard Oi1 G Standard Oil oil Co. Vacuum 01l Co. Washington 0il Co. § f;,"; : 4igs April 1, 192 Ahllupne 15, 1922 June 15, 1 —— FOREIGN EXCHANGE. Eelling checks—doliar values at noon toda. (Quotations furnished by W. B. Hibbs & Co.) 1 444 Budapest 9.25 By the Associated Press. EW YORK, February 27.—Foreign exchange, strong. Great Britain, de- and, 4.43%} cables, 4.43%. Sixty-day Dills on banks, 4.40%. France, demand, 20. Italy, demand, Belgium, demand, Germany, demand, Holland, demand, 38.43: cables, 38.49. Norway, demand, 3. Sweden, demandd, 26.55. Den- snark, demand, 21.08. Switzerland, de- . ° 8, demand, 16.00. Poland, demand, .21z Czechslovakia, demand, ‘Argentine, demand, 36.37. Brazil, de- anand, 13 Montreal, 98%, ieldhe it Sid WOOL TRADING OFF. BOSTON, “February 27 (Special The edge seemed to be off the active trading in the wool market today, al though the firmness of prices was maintained. Buyers seem inclined to Wwait developments in the west and in the demand by manufacturers. Many of the latter have net made plain just what their ‘course will be, in view of . the fact that raw material has ad- vanced from 35 to 50 per cent in the Jast three months, and there.is some «<doubt as to what extent some of the manufacturers are covered on their raw material requirements. The New York pool, totaling about 1,000,000 pounds, has now been clean- ed up and brought a total of $380,000 to the 3.600 growers involved. Some of thé Arizona clip, showing of which began today, has been consigned against cash advanced by dealers, as the custom among some Arizona growers. Territory fine staple remained around 1.10al.15. half-blood combed at 1.00, hree-cights blood coming, 7588 &nd one-fourth blood comHing at 65a %0, scoured basis. DRY GOODS STEADY. EW YORK, February 27 (Special). +—Prices in the dry goods market to- day continued to show steadiness and the volume of trading was slightly &reater than at the week end. The demand in gray goods seemed to favor the narrower constructions, although the high count Zoods showed a some- what broader demand. Print cloths continued to be quoted at about the same figures which have prevailed for gome days. = The. light-weight sheet- ngs continued to be favored by bag manufacturers and there was some evidence of buying for export in these ®oods. The volume of sateens traded 3n was slightly improved. The raw silk market exhibited little sctivity or strength, although there ‘were some small orders in evidence at prevailing prices. The buying of Buished goods was siightly better, al- g.:ugp buyers are hunting long for gains before purchasing. demand, WINCHESTER HAS LOSS. NEW YORK, February 27.—Win- chester Company reports an operating Joss for the year ended December 31 165,000, compared with net earn- of $1,500,708 in the preceding Year. Sales totaled $13,243,000, against $18.042,000 in 1920. Export sales were 17 per cent of those in 1930, and do- imestic sales 77 per cent of those in the preceding year. Comparable sales of Tetail stores in January, 1932, have Theen about 80 per cent in excess of SAIES in January of last year, Perfection Tirs Producers and Radio com. . Radio_ptd, ay_Hercules . R.'J. Reynolds Ryan Consolidat Salt Creek Prod Salt Creek (ne Sapulpa _com. Simms Petrol gze"h: oil utliern Coal Swift lnlnmll::.dl l'hll Tonopah Divide Touopah _Extensio; United Enstern 2. 'l:'A.P; and He 8. Light and Hq 1d. l'nll!d Profit Bllll’llll? S. Ship L‘ol’[w!ltlon. p. S. Steamsh} et ® o1 Bonolfne S 5Eas FEE TR PR Ze & HOP - 2= Bl A .._ - BEB., ALz u . ¥ nilnal 3 7% adnolie? FiF Armour Leather tom. Armour Leather ptd. Armour ptd. L3 23: 2888, & W Copper Export Copper Bxport Gopper Export * ul X ration 7s 1933. H. Helnz 7s 1930. 3100 . Roebuck & Co. 7a 1923. Slaclile Consol, Qu Te 1923 uthwestern Bell 7s 1925, Bwift'& Co. 7s 1025 . +0° 3 .. 1! Western Electrie 7s_1926. Weatinghouse E. & M. 7 et % 4 —_— BONDS ARE STRONG, FOREIGNS LEADERS subscribed—Libertys Are in' Demand. Special Dispatch to The Star, NEW YORK, February 27.—Before business began in bonds on the stock exchange today. the syndicate which bought an issue of 75,000,000 guilders ;;olrln the kingdom of Netherlands, olland, reported that the . has been oversubscribed. ‘l‘h:fll:;:\':lgu were sold at $940 per bond and were dealt in one curb exchange on & wl_:re’:n-lnu;d basis today., e other offering of i today was an issue of ua,so"o‘?&?"é?ffi of Los Angeles, Calif, municipal 5 per cent bonds, sold to yield 4.75 to 455 Jer cent. 1‘::5‘ syndicate handling ported satisf; - ress in lhfilr sale. e e allled exchariges ad: 3 new high levels for the Curront mave. ment, the foreign government and municipal external loans merely re- [nained frm around Saturday’s ‘clo es in t Ing price e bond market. This lé"]‘gflnm' elgium 7%s, City of Bern 8s, hagen 518, Chinese bs, Tokio 5s, Den- mark 6s, Sweden 6s and Uruguay 8s Eroup AMOAE the members of this ed u |19 fresh tops for Tesas foukn toreet erty bonds were str i largest demand for the thirg 43e " "° Some High Reeo: There were a number ofreco; Quotations in the corporate et i trading railway and industrial onds generally "was _orregular. Brooklyn Rapid Transit 7s and 7 per cent certificates all rose sharply to their best prices this year, wrile the |6t of the greater New. York trso- tion securities remained unsettled. Attention contnued especially to- Ward the Missouri, Kansas and Texas issues, two of which, the 45 and ad- Justment 5s, struck their highest; the Seaboard Airline bonds, Frisco n- Dricg Railway a fresh top. . —_— Confidence in Sport Goods. NEW YORK, Februa 27.—Th writing on the wall sa;z that IllllE limited confidence for early activity in sport garments is rife among en’s clothing -dealers. Restocking, now going on, unquestionably cen- ters in tweeds and allied sport fab- rics. The business that has develop- ed is said to justify sport fabric buying. The merchants pin their faith to the fact that sports are no longer confined to the man with plen- ty of leisure, but has extended to every class, and this season undoubt- edly will see a Tush for sport clothes from people who never before owned suits designed for sports: . . Food- Growth. 'W YORK, February 27.—Growth of food canning in the Usited States from a small beginning 1nto a bil- lion-dollar industry_is pointed out in a ‘bulletin 6f the National Canners’ Association. In terms of food, this represents approximately 5,000,000, s s e census figures, which are quoted, show a production in 1919 of :.afl 000,000 cans of’ ‘1 o 060:000 of ment- 148,006,008 of susise A O , A of sat and 140,000,000 of -scups. THE EVENING- STAR, 'WASHINGTON v D. .C, MONDAY; NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. . High. m:z‘\fi 2% Ajax Rubber. Allied Chemical. Allied Chemical pf 103% Allls Chalmers. ... 4% Allis Chalmers pf. Am Agr Chem. ... Am Agr Chem pt Am Bank Note. . Am Brake Shoe Am Druggls Am Express Am Hide & Lthr. . Am Hide & Lthr pt Am Ice Am International. % % 8% 9 I Am Locomotive. Am Radiator. e. Am Tel & Teleg. Am Tobacco. ‘Am Tobacco (B).. 136 - 136 Am Tobacco pf (n) 101% Am Water Wks... 8 Am W Wks 6% pf. 2% Am W Wks 7% pf. :: A Associated Ofl. Atchison. .. Atchison pf. Atlanta Bir & Atl. Atlantic Cst Line. Atlantic Gulf Atlantic Gulf pt. Austin Nichols Baldwin Loco. Balto & Ohio. Balto & Ohlo pf. Beth Steel...... Beth Steel (B). Beth Steel 6% pf. .. 106% Booth Fisherie: 6% Bklyn Rapid Trn Bklyn Union Gas.. 0 Brown Shoe. % Burns Bros (A). Burns Bros (B). 8% 1% 20 2 18% 18% CaddoOil.... . California Pckg. .. California Petrol. Calumet & Ariz. Canadian Pacific. Carson Hill Gold Central Leather. Central Leath pt C Chl & Alton Chi & Alton pf. Chi&EstnIll..... 164 Chi & Estn L1 pf.. 8% Chi Great Westn. 7 ChiGreat W pt ChiMil &St P. Chi Mil & St P pt Chi & Northwn ChiR1 & Pacific. ChiRI& P 6%pt ChiR1& P 1% Bf- ChiStPM&O Chile Copper- Chino Copper. CCC&StLouls. Cons Ciga: Cons Gasof N Y... Cons Intl Cal Min. Cons Textile. Cont Can. . Corn Products. Cosden & Co. Crucible Steel. Cuban-Am Sug: Cuba Cane Sugar.. Cuba Cane Supf.. 27 Davidson Chem... 60% Del & Hudson. ... 111 Del Lack & Wstn. 5% Detroit Edison. . .. 106% ome Min ll;u S8 & Atlantic. 3% tor Battery. 142 Blec 8t 16% Famous Players. Famous Playrs pf. 94 Fed Mines & Spf.. 38 er Body . F opt... 8% Fisher B of O p! rd Gen Asphalt. Gen Asphaltpf Gen Cigar. Gen Electric. Gen Motors Gen Motors pf - Gen Mot 6% deb. Gen Mot 7% deb. Goodrich. Goodrich pf... Granby Consol Gray & Davis. 18 Great Northern pt Great Nor Ore. 25! Greene-Cananes. Guantanamo Sug- Gulf Mo & N pf Gulf States Ste Harbishaw Cabl Hone Sotors Hupp Moto Iilinois Central ndixhoma. Indian Refining. inspiration Interboro Metro. Interboro Met pf. IntlCement. Int Combstn Eng, Intl Harvester.... 9! Intl Mer Marine... Intl Mer Marine pt Int} Motor Truck. Intl Truck 1stpf. Intl Nickel. Intl Paper. Invinéible Oil. Iron Product Island Ol1." Jewel Tea... Jewel Tea pf. Jones Tea. Kansas City Sou Kansas C Sou pf. Kansas & Gulf Co. Kelly-Spring Tire. Kelsey Wheel..... Kn,nneoon_l.. KeYstone Tire. Kresge (88 . 184% Lackawanna Steel # Lake Erle & W. 18! Lee Tire & Rubber : Marland Oil Martin-Parry Mathison Mazwell (B). May Dept Storss. 1084 J11% MclIni Porcu... 15 15 % m% 100, 30 °780% - 15 15 91% | Mont Power pf. ... 104 36% | Montgomery Ward «£8% | Mullin 9% | Natl Cloak & Suit. 5 9% | Natl Enameling. .. Y% | Natl Lead. ; 1 8 2, 424 YEAR COMPLETED Asvets $4,365,396.73 1,111,832.98 The Value-of Systematic Savings 18 In evidence on every side. Our books contain the pames of thousands of ‘men ‘and\women with modest incomes ‘Who have accumulated substantial sums. Subseriptions for the 82d Issue of Stock Being Recelved Shares, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F St. NW. JOHUN JOY EDSON, Presideat FRANK P. REESIDE. Sec'y INSURANCE 48 | —in all its branches. Let us know your re- 214 | quirements. We can’ serve you. 5| sain 708 O & A5 Wasd 2% - OR RENT In the Heart of the Natl Ry of M 2d. Nevada Copper. New Or Tex & M. NY Central NYChi&StL., . hi & St L 2d. N 'Y Dock N Y Shipbuilding. ;21 Norfolk Southern. 12 Norfolk & Westrn. 101% Norfolk & Wst pf. orth American. North American p Northern Pacific Nunnally Co. ghio Fuel klahoma Prod.. 81!5 Steel o wens Bottle Pac Development. & Pac Gus & Elec Pacific Mall Pacific Ofl. Pan-Amer P 2% 80% 9% FEBRUARY 0. Pan-Am Pete (Bj. 0" Parish & Bingham 16 Pennsylvania. ..., Penn Seabd Steel . 49% | People’s G 30 [ 8% | Phila Company, 104% | Phillips Jones. 97 8% | Plerce-Arrow . 8% | Pierce Of1 1% 25 17 18% 104% 3% 10% 1% 1% 1% % 8 % 12% H¥% 57% . 68% €9 68% 1% 5% 1% 100 4 8% 8% 165 2% 1 18% 61 6 5% 6% 9% % 3 15% fll;“ bar silver, 63%; Mexican dollars, 48%. % 50% 1% 8% 60% 8% 1% LH 1 (B 5 1% bills, 3%a3 3-16 per cent. 8% National _ Capital—de- sirable office rooms in the - conveniently lo= cated Pere Marq pf Citizens Savings Bank 1336 N. Y. Ave. N.W. Heat, light and janitor service. 16% || Southern exposure. Moderate 31 | rental. Immediate possession. Apply at the BANK Phillips Pete. . Plerce-Arrow pt. Pierce Oil pf. Pitts Coal Pitts Coal pf. Pitts & W va Pitts & W Va pr.’., Pond Creek Coal Producers & Ref. 2% Pressed Steel Car. s PublicServof N J. 8% Money to Loan first deed, of trust on real estats. Prevailing interest and commission. . W Tru Pullman Co o Joseph 1. Weller $i2 Ve Loy e = 1%8 —_— £ Punta Alegre. Pure Oil. " Railway Steel Spr. Rand Mines Sor Ray Con Co, o Reading...o0e o Reading 1st pf. Reading 2d pf."""" 5oy Remlington Typr.. g1 - Rep Iron & Steel Rep Iron & Stl pf., Royal Dutch S 8% 5% % O ~7%| FIRST 5 — = MORTGAGES a 28 The Safest Security on Earth 1. Absolute safety. 2. Reliable security. 3. Liberal income. 4. Insurance against Joss. 5. Protection against depre- ciation. . Prompt payment of interest. . Repayment of principal i full at maturity. Choice First Mortgages $100 $250 $500 ‘rite for Booklet “8.” It's WILLIAM S. PHILLIPS = Safe Investments 1409 New York Ave. Main 88 Seaboard A L pf. Sears Roebuck.... 69 Sears Roebuck pf. 924 Seneca Copper-.... 1% Shell Trad & Tran. €% Sinclair Ofl Southern Pacific Southern Railwa; Southern Ry pf. Stand Oil of Calif. Stand Oflof N J... Stand Oil N J pf. Steel & Tube pf. 3 Stewart-Warner.. 33% Stromberg Carb. Studebak Submarine Boat. Superior Oil. Ty ! ... 6% Texas Guif Sulphu % Texas & Pacific... 3% Texas & PC & Ofl. 278 Tide Water Oil. ... 7 Interest; 27, - 1922, $5,000 Life Policy, $57.35 Bend date of Lirth for illustration, Age 0. tablished 1865. Assets M. LE ROY GOFF, Insur All branches. Room_610, Wood: First Mortgage 1% “INVESTMENTS" can be se- cured now in amounts of $250 Up to $10,000 The “only sbsolutely safe form, of investment yielding such a liberal rate of interest. The same. courteous. prompt and efficient consideration given to all is- vestors. Certified Certificates of Titls sc- company each note without cost to fn- vestor. Chas. D. Sager 923 Fifteenth St. N.W. Main an Dept. | Harrvan &.Co.| MEMBERS: NewYork Stock Exchange 111 Broadway. New York Washington Office COLORADO BUILDING Telephone Main 1603 G.B.Chipman Manager T GEORGE W. WHITE Vice President Trust Officer C. F. R. OGILBY. C. F. JACOBSEN. CHAS. E. BRIGHT. C. LOUIS ECKLOFF. Tobacco Prod. Tobacco Prod pf Tol StL & Wn B. Tol StL & Wn pf B. 87 Trans Contl Oil. % Twin City R Tran. Union Bag & Papr. 65 Union Of1 100% Safety The man or woman who buys our First Mortgage Investments today is mak- ing sure of 7% in future years, when interest rates are likely to be much low- r... 9%6% Union Tank Car pf 103% United Alloy Steel 27 er than they now are. United Retall Strs. US CastIr Pipe... 2 USCastIrP pf. U 8 Food Prod. % UB Indus Alcohol. 4% U 81nd Alcohol pf. 95 U S Realty. 2 U S Rubber S U S Smelt & Ref... US Smelt Ref pf. 28% o You ‘can invest for as short a period as two years or as long as ten. 7% interest and 100% U8 Steel. safety—that is the combi- U 8 Steel p! nation every conservative DtakCovner o investor is seeking. Vanadium Corp. Va-Car Chem. Write for E _— No loss to any Investor in 49 years —_— The F. H. ‘COMPANY 1414-1416 I Street, N. W. pending completion of The New Smith Building “INSURANCE— All Lines—Expert Service BOSS & PHELPS, 1406 H St. N.W. Wickwire Spence! Wilson Company. . ‘Wilson Co pf.. . 8! Willys-Overland. . Willys-Ovld pf.... 26% ‘Wisconsin Central “29% ‘Woolworth. 49% “% 30% 28% 9% 18k 18 6% 6% High. Low. Last. Call Money. 5 o HOURLY SALES OF STOCKS. 236000 12 m. Over a Quarter of a Century Without a Loss. Getting the Most _ Out of * Your Investments Right now many are going over their list of investments to determine _which ones should be retained and which ones sold. NEW YORK, February 27.—The early raw sugar market was firm S and " unchanged, with no sales re- ported. Cubas were quoted at 2 3-32 cost. and freight equal to 3.70 for centrifugal for a pot and 2 1-8, equal to 3.73 for_centrifugal for March shipment. Raw sugar futures were firmer early on renewed buying by outside interests, but after showing advances of 2 to 4 points prices eased off under realizing and at midday were 1 point net higher. ‘There were no changes in: refined sugar, with fine granulated listed at 5.10 by all refiners, with a fair inquiry reported. Refilmed futures were without trans- actions g S BAR SILVER QUPTATIONS. NEW YORK, February 27.—Foreign When it comes to working it out in a thoroughly satis- factory and profitable manner, the services and advice of a reliable and . experienced in- vestment house should be enlisted. We offer you the 'benefitg of. our experience and services. without cost or any obliza- tion on your part. B. F. SAUL CO. ”_ Mortgage Loans 1412 Eye Street N.W. Bar silver, 32%4d per ounce. Money, % per cent. Discount rates—Short bills, 33-16 per cent. Three-month —_— An old funeral custom in some parts of England is the presentation of a black pipe to each of the men who Berve as pallbearers. Main 4340| | J. GALES MOORE. Foreign Drafts rd_buliding. M. 840. Asst. Cashier AUBERT H. BEDFORD...Asst. Cashier Asst, Cashier Open at 8:30 A.M. Every Business Day DIVIDEND. February 21, 1 The Hourd of Directors of the Atlantic Diw- count Corporation has declared & semi-anufisl dividend of 4 per cent on preferred stock Dt | this dste, payable March 1, 1922. ] VIRGIL F. BOURNE, Bec | tention to the pla business insurance. You should be interested. Careful assistance will save you money. Union Central Life Insurance Company It Costs Less—Why Pay Moge? E: S. Brashears, Genl. Agt.! 710 14th St. N.W. Organized 1867 Assets, §160,000.000 International Building - FORMERLY INTERSTATE BLDG. - —— 1| 1319-1321 F St. NW. The Mutual Life Insurance || A Few Very Desirable Com; of N. Y. Offices Left rapl::n)-’ of life insurapce wnd Reasonable Rents ue .;" arantecd by over iz Hundrea McKeeVer & Go“ Rental Agents 1405 Eye St. Main 4752 Wanted—Men of Character to | Solicit Business | ces 423 to 429 Southern Bullding | MORGAN. Manag ! INVEST Your Money in Safe First Trust Notes No investor has ever lost a dollar. Secured by high-class real estate. We collect interest and attend to all details. You get your... Sosi 7% Consult Our Loan Department [ REALTORS 713 14th Street N.W. Open Until 5:30 P.M. Tomorrow and Wednesday A Growing Bank Account Brings Opportunity Your Way —begets seli-confidence, banishes fear of the future, boosts you successward. ¢ Washington’s OLDEST National Bank is an ideal thrift- partner, possessing that permanence, strength and complete- ness of facilities so essential to satisfactory, helpful service. ¢ One Dollar identifies you with Our Savings Dept. Let us begin serving YOU This Pay Day. 3% Compound Interest on Savings One Dollar or More Will Open An Account DIRECTORS: ARTHUR T. BRICE WALTER BROWNLEY FREDERICK De €. FAUST ‘WM. F. GUDE JOHN B. HENDERSON Gar it RUDOLPH EAUI Dr. J. THOS. KELLEY, Jr. ..President Cashier H. C. CHAS. G. SMITH. Jr. WALTER R. TUCKERMAN W. A. WIMBATT GEORGE W. WHITE Ladies’ Dept. . LISNER TOWNLEY A. M ....Auditor JOHN H. MOORE - National Metropolitan Bank Capital, Surplus and Undizided Profits Over $1,500,000.00 15th St., Opposite U. S. Treasury—108 Years Old . 8t and H —works for you day and night. —insures a vacation. —-;provides for old age. ~—pays life insurance and taxes, —makes-a sensible gift. . —furnishes a payment on a home. —dispels gloom.' v —eams_3% interest at the ~ AMERICAN SECURITY , A Savings Account —aids thrift. —pays off the mortgage. AUST COMPAN 15th and Penna.-Ave. HQME SAVING BRANC\HES - CAPITAL AND SURPLUS 7th,St. and Mass. Ave. $5,400,000.00 Sts.’N. E. Cemmercial—Savings 436 7th St. SW.