Evening Star Newspaper, March 6, 1922, Page 19

FINANCIAL. “MINTS ARE COINNG NEW PEACEDOLLAR About 400,000 of the Design Are Now Being Turned Out Daily. All mints in the United States are a1 work coining standard silver dol- lars, with an output of about 400,000 a da The dollars are of the new “peace” design, made from new die: No dollars were coined during Jan- uary while dies were being made. Coinage of about 400000 dollars a day compares with a high point of 200,000 daily last year, but the mints now are working only eight hours a day. whercas they were then running three shifts of eight hours each. On April 1. 1918, before melting of silver dollars under the Pittman act was started, the stock consisted 568,269,515 dollars. Total melted under the act. including so tirst min 1rin: T had coined 87 ging the stock to 3 coin the dollars meited w ire about 268,000,000 ounces of sil- Yer, of which the Treasu pur- chased to date close to 100,000,000 ounce: Duteh Bank Stock Offered. The American Express Company. securities department. is making a offering of a block of the stock of the Rotterdamsche Bankvereenigin The offering price of the stock, a cording to an announcement maue by the compan: is T §$450 flat per florins 1,000. The Rotterdamsche Bankvereenig- ing was organized on July 1, 191 an. amalgamation of several ve old Dutch institutions. It has a great number of branches in Holland and in the Dutch East Indies. It was this company that engineered 1he Kingdom of Netherlands guilders loan in America, and which is one of the primary” group offering that loan in Holland. The fully paid capital of this institution is florins 75,000.000. The shares, which are being offered for sale by the American Express Com- pany, are in bearer share certificate form, with dividend coupons at- ached, and are in denominations of florins 1,000 and 200. Principal and dividends are free from all Dutch taxes. A. L B. Activities. Victor B. Deyber. president of the Second National Ban speak to the elementary cla: ‘Washington hapter, American Irfstitute of Bank- ing. tomorrow night, taking as his theme, “Everyday Bank Problems. W. J. Waller, president of the inst tute. announced today that there would be no meeting of this class the following Tuesday, but that on the night of March 20 an open meeting of the entire chapter would be held at the New Willard Hotel, when Edward Spitzer_would speak on “Foreign Exchange. Mr. Spitzer. who is associated with Heidelbach & Ickelheimer, foreign exchange brokers of New York, is re- puted to be one of the best informed authorities on foreign exchange in this country. Dancing will follow the lecture and a buffet supper will be served. Rallway Ownershi Acquired. Charles Selden. jr. local attorney, and president of the Black Top Coai Company of Somerset, Pa.. has pur- chased the entire indebtedness of the Washington and Maryland Railway Company, as of March 1, according to an_anouncement made Saturday. The purchase, which was consum- mated for a consideration approximat- ing $130.000, makes Mr. Selden the in- dividual owner of this company that operates from 14th and Kennedy streets to the sanitarjum in Takoma Parl Prior to this the new purchaser e joyed a 40 per cent control. The short line has been functioning since 1906. It was originally the Bal- timore and Washington Transit Com- pany, but upon foreclosure proceedings some years ago, the stock was bought in and operated by the Washington and Maryland Railway Company. A ten- year lease. executed in 1918, is held by the Capltal Traction Company. MEXIGAN ISSUES FEATURE MARKET Cuba Cane Among Bond Leaders Today—Libertys Are Steady. Special Dispatch to The Star, NEW YORK, March 6.—Mexican government issues were the strongest features of today’s early bond mar- ket. The 4s rose 1%, the 5= 3 points and the so-called large 5s gained 2| points. French, Swiss and Australian mu- nicipals were higher by fractions to 1 point, but the Dominion of Canada issue of 1926 and Argentine 5s re- cted 1 point each. Cuba Cane Sugar 8s were strongest of the industrials, gaining 2 points. St. Paul, Denver and Rio Grande, Central of Georgia and Ann Arbor 6s were strong. but St. Louis and San Francisco 65 were inclined to ease. Liberty bonds were steady. Bonds Spurt. Following_the New York gas de- cision, the 7 per cent bonds, together with Consolidated Gas stock, made a sudden spurt.and established a new high price nearly two points above their closing price of Saturday. Other publ y bonds were stimulated, and buying of American Telephone and Telegraph, Detroit > New York Telephone and Chi- cago Raliway bonds carried these is- sues up a fraction of a point to a point. - Foreign government loans continued prominent in the dealings. The United Kingdom, French and Belgian ex- ternal loans were active around their final prices of the preceding week. Sharp Turm Among Rails, Among rails the sharp upturn of Ann Arbor 4s was the chief incident. These bonds got well above 63 for the first time during either this year On January 12 a year ago re at their lowest for 1921, when they 50, St. Louis, Southwestern Consolidated 4s and Minneapolis and St. Louis, refunding Losses of a point or more occurred in the speculative Missouri, Kansas and Texas adjustments, the Frisco adjustments and incomes and the Peoria and Eastern incomes. Union Pacific refunding Zours wert among the higher priced railway issues to advance, The transactions in various New York city bonds were unusually heav at generally steady prices. eater New York tractions were un- settled. Industrial issues kept strong in ost instances. The sugar securi- °S were actively dealt in, with American Sugar 6% reaching & new hizh at 99, then reacting, gnd the Cuba ( gar 8's up 2 points hove S ted ,Drug and Central Leather 5's also were up substantially on the day. e BAR SILVER QUOTATIO! EW YORK, March 6.—Foreign ‘bar er, 63%. Mexican dollars, 48 3-3. DON, March 6—Bar _silver, pence per ounce; money, 2% per cent; discount rates—short biils, 3 1-8 per cent; three-month bills, 3%a35-16 l per ceat NEW YORK STOCK EXCHANGE Direct to The Star Office. Grain, Produce and Live Stock Received by rrivfle Wire Open. High. Low. Close. Open. High. Adama Express. 6% 6% NatlAcme........ 124 124 Adv Rumley. us M NatlCloak & Suit. €% % 0% LOCAL WHOLESALE PRICES. Ajax Rubber. 16% Lo Allfed Chemical. Allied Chemical pf 105% Allis Chalmers. ... 45% Allis Chalmers pf. 92 35% Am Agr Chem. Eggs—Strictly fresh, selected, per dozen, 25a26; average receipts, 2 luou(hern. 24, Live poultry—Roosters, per 1b,, 1 turkey: per 1b., 40a45; chickens, spring, per 1b.,, 33a36; keats, young, each, 50a60; fowls, 26a27. Dressed = poultry — Fresh - killed spring chickens, per 1b., 32a36 per 1b,, 28; roosters, per 1b., 2 keys, per 1b., 35a46;.Kkeats, youns, each, 60, Pork—Dr heavy, 8all Live stock—Calves, choice, .per 1 11; lambs, choice, per Ib., 12al live hogs, per Ib., 11%. Green fruits—Apples, per bbl, 5.00 all. per bu. basket, 2.50a3.25; western, per box, 2.75a4.50. Cali- fornia lemons, per box, 6.00a6.50. California oranges, per ate, 5.00a 6.00. Grapefruit, 3.50a4.50. orida cranges, 5.50a6.50. ‘angerine: 4.00a Natl Ry of M 2d Nevada Copper. N Y Air Brake N Y Central. NYChi&StL.... NYNH & Hartfd. NYO& West. - Norfolk & Westrn. North American. . North American pt Northern Paclfic. . Nunnally Co. . . Ohio Body & Blow Ohio Fuel. Okluhoma Prod. .. Orpheum Circuit. . Otis Steel Owens Bottle. Pac Gas & Elec. | Pacific Mail. Pacific Oil. < Pan-Amer Pete. .. Pan-Am Pete (B). Pennsylvania..... Penn Seahd Steel. People's Gas. . Peoria & Eastern. Pere Marquetie. Pere Marq pf. Phila Company. Phillips Pete Pierce-Arrow. .... Pierce-Arrow pf.. Pierce Oil. Pierce Oil pf. Pitts Coal. Pitts Coal p Pitts & W Va. ... Pond Creek Coal. . Pressed Steel Car. Producers & Ref. . Public Servof NJ. Pullman Co. . Punta Alegre. Pure Oil. Pure Oil 8% pf.... Railway Steel Spr. Ray Con Copper. Am Car Am Can pf. Am Car & Fdy. Am Chicle Co Am Cotton Oil. Am Cotton Ofl p: Am Druggists. Am Hide & Lthr. Am Hide & Lthr pt 6% Am Ice. ceee. 9% Am International. 43% Am La France. Am Linseed Am Linseed pf. Am Locomotive. Am Radiator. Am Safety Razor. . Am Ship & Com. i Am Smelting. Am Smelting pf. Am Snuff. Am Steel Fdy Am Steel Fdy pf. Am Sugar. Am Sugarpf.. Am Sumatra. . Am Tel & Cable. Am Tel & Teleg. Am Tobacco. Am Totacco (B) essed, small, perlb., 13213}, 1, per 3.50a3.90. 2 southern, 2.00a5.00. Romaine lettuce, Cymblings, per crate, 3.00 inach, per bbl.. 2.00a5.50. r 100-1o. 0a9.00. Cab- hage, new, per cwt., 2.0023.00. Cucum- bers, 3.0026.00. Eggplants, per crate, Tomatoes, per box, Flo . Beans, Sprouts, 25a35 p per crate, 3.00a5.00. “Vegetables—Potatoes, No. 350887 sack, GRAIN AND PROVISIONS. BALTIMORE, March 6.—Potatoes, white, 100 pounds, 1.75a2.15; No. 2, 75 50 pounds, 3.00a3.25; No. sweets and yams, barrel 75a2.00; bushel, 1.40a1.6: No. 2, 50a75; Asso Dry Goo beets, bunch Assoclated Oi Atchison. cia Atlantic Cst Line Atlantic Gulf AtlanticGulf pf. .. Atlas Tack. Austin Nichols Baldwin Loco. Baldwin Loco pf Balto & Ohio Balto & Ohlo pf. Barnesdall (B) Beth Steel. Beth Steel ( | Beth Steel 7% pt. Booth Fisheries. .. Bklyn Edison. . Bklyn Rapid Trn.. Bklyn Rap Tr ctfs. Bklyn Union Gas.. 75 Burns Bros (A). Burns Bros (B). 4a7; cabbage, hamper, bunch, 3a6; cauli- B celery, dozen, 2.5023.50 crate, crate, 5026.50; eggplants, crate, 2.5 horse radish, barrel, 4.5085.0 kale, 'barrel, 1.25a1.40. Lettuce, basket,” 3.50a4. 100 pounds, 6.00a8.50; No. 2, 3.00a5.0 oysterplants. bunch, 8a9: parsnips, bushel, 60a75; peas, hamper. 6.5 peppers, crate, 2.50a4.50; spinach. bar: rel, 2.50a4.00; aquash, crate, 4.50a5. tomatoes, crate, 2.00a4.5 basket, 30a33. Apples, packed, barrel. 5 No. 2, 5,00a6.50; bushel, 1.50a: |apples, 12.25a4.00; cranberries, 25.0040.00; grapefruit, box, 2 box. 4.00a6.00; tangerines, .0029.00; strawberries, quart, Remington Typr. . Replogle Steel. Rep Iron & Steel. . Rep Iron & Sti pf. Rep Motor Truck. Ries Robert. Royal Dutch St Joseph Lead. StL &San Fran St Louis Southwn. St Louis Sown pf.. Santa Cecilia Sug. Saxon Motors. ... . Seaboard Air Line. Seaboard A L pt Sears Roebuck. ... Sears Roebuck pf. Seneca Copper. Shell Trad & T4 Sinclair Oil. Sloss-Sheffield. Southern Pacific. . Southern Railway Southern Ry pf... Stand Oil of Calif. Stand Ol of N J Stand Ofl N J pf. Stewart-Warner. Stromberg Carb. . Studebaker. g Submarine Boat. . Superior Oil Tenn Copper. Texas Company. Texas Gulf Sulphu Texas & Pacific. Texas & P C & O Third Avenue. Tide Water Oil. Tobacco Prod..... Tol StL & Wn pf B. 3 21 | Trans Contl 43% | Union Ol Union Pacific. % | Union Tank Car pf 104 United Alloy Steel 28 9% | United Drug. . 69% | United Drug 1st 23 | United Fruit 10¢% | United Ry Inv 13| United Ry Inv pf.. 28% 5% | United Retall Strs. 8% US Cast I Pipe... 29% 64 1% 1% Selling Prices at Noon. 4| Wheat—No. 1 red winter, spot no 7 quotation; No. 2 red winter, spot, 144; 7% | No. 2 red winter, garlicky, 1.40%. 66% | Corn—Cob corn, old, vellow quoted %5 3.6043.65 per barrel contract corn, 14 {spot. 67%: No. 4 corn, spot, 66% per 40% | bushel: “crack corn yellow., No. 3, 21 {domestic or better, 75 asked per bushel. 36% | _Oats—White, 2, 48 per bushel wav | NO. 3. 47 per bushel. 20 | Rye—Nearby, 95al. bushel 2% California Pckg. .. California Petrol. Canadian Pacific Central Leather. Cerro de Pasco Chandler Motor. Ches & Ohio. 51% 135% er no_quotation. Hay—Receipts, 45 tons; range s 18.00221.00 for good to choice timothy 114% | and mixed hay: market firm. 3% No. nominal 4% CHICAGO, March 6.—Wheat declined 6% | in price today during the early trans- 10% } actions, the chief factor being lower 45% | quotations at Liverpool, where Argen- @ [tine and Australian offerings were re- ported as liberal. A large increase of Chi R 1 & Pacific ChiRI& P 6% pf. Chi R1& P 7% pf. Chile Copper. . Chino Copper. Cluett Peabody. Coca-Cola. Colo Fuel Colo & Souther: Colo & Southn 1sf Columbia Gas. ... Columbia Graph Cimbia Graph pf. Comp Tabulator. Cons Cigar. ConsGasof NY. Cons Textile... Cons Intl Cal Min. Cont Can. Cont Insurance Corn Products. Cosden & Co. Crucible Steel. Cuban-Am Sugar. Cuban-Am Sug pf. Cuba Cane Sugar. Cuba Cane Su pt Davidson Chem. Del & Hudson Del Lack & Wstn. Dome Mines. 2% Elec Stor Battery. 42 Elk Horn Coal. 16 Emerson-Brant. 6 Endicott-Johnson. 82 10% B¥ | yrevious week was also noted. Asser- 18% | tions that fresh export business was in 129 lprogress led to a rally in prices here, 60% | but the effect failed to last. The open- %% | ing. which varied from unchanged fig- 9 Jures to 1% lower, with May 1.41 17%{1.41% and July 1.19 to 1.19%, was fol- 180 | lowed by an upturn that in some cases 104 | went above Saturday 21% | by_a decided all-around break in values. Corn and oats were depressed in price the action of the wheat market. After opening % off. to a like advance, with May 63% to 631z, the corn market scored slight general gains and then underwent a materfal drop. . Oats started % to % lower, May, 403 to 407, and made a transient upturn, but Soon weakened again. Potatoes, dull; receipts, 83 car: United States ~shipmente. 986 consin_sacked round whited, “ U S Indus Alcohol. U S Realty U SiRubber. U S Rubber 1st pf. U S Smelt & Ref. U S Steel U S Steel pf. Utah Copp Utah Securi Vanadium Corp Va-Car Chem. . Va Ir C & Coke pf. Vivadou. S ‘Wabash. ceee TH Wabash pf (A).... 2% Wells-Fargo Exp. 7 Western Pacifie 19% Western Pac pf... 6% ‘Westhse Air Brk. . 100 Westhse E & M. Western Union. Wheeling & LE.. Wheeling & L E pf ‘White Motor White Oil. - Wickwire Spencer Wilson Company. Willys-Overland. . 1.75a1.85 cwt.; Wisconsin bulk round waites, 1.85 alg3 cwt.; Minnesota sacke: whites, partly graded, X Minnesota sacked Red rivers, cwt.; Idaho sacked rurals, cwt.; Idaho sacked russets, Colorado sacked brown beauties, 2.05a 2.10 cwt. An unexpected advance in wheat prices at Buenos Aires did a good deal to send the wheat market here up- igrade today after an early decline. Enlargement of domestic milling de- mand, together with a decrease in 2% | the United States visible supply total 79% jand with prospective big purchases 18% { for Greece tended also to carry prices 5% | here upward at the last. The closifg 9915 | was strong. 1% to 1% net higher, s |with May 1433 to 1.43% and July o3% | 121% to 1.21%. 7% | On the downward swing the market went about 11 under recent maximum prices for the May delivery, but sub- sequently today's losses were more than regained. 1 Later, the corn market advanced 39 |sharply, owing in some degree to a 5% | more active demand from export in- e 83 98% 13% Famous Playrs pf. Fisk Rubber. Freeport Texas. Gen Asphalt. Gen Cigar Gen Electric. Gen Motors Gen Motors pf. Gen Mot 6% deb. Gen Mot 7% deb. Q% 8% T aTich. Willys-Ovld pf. % 29 2% |terests and from New England Goodrich pf Worthington (B). % 6 &5 |closo was strong, 1 to 15t net higher, S hsennt S, Tow. T, | FiLh May 8432615 to 615, Ureat Nor Ore. ... Call Money 5 % 6 |MaeeaTT L TR PN IS Ten Greene-Cananea.. 25% Juiy, 1Tl 1220 1187 121% Guantanamo Sug. 10% HOURLY SALES OF STOCKS. Julf States Steel 3% fl;:i M‘h -62%; 641 Gulf States 1st pf. 90 TR TE L Harbishaw Cable. 1% 5 ALY 40N 41% Hartman Corp. ... 101 e e i 4 ‘WORST IN ITS HISTORY. 5% | NEW YORK, March 6—Porto Rican American Tobacco’s annual report for year ended December 31, 1921, shows a net loss of $2,704,395, after interest, taxes and inventory losses, which compares with a net profit of $998,947 in the preceding year. Dividends of §149,306 were distributed, leaving a deficit of $2.853,701. The report char- acterized the year 1921 as “most har- rowing and disappointing. and the first year in the -existence of the company in which a loss has been shown."” 3 Hendee Mfg. .louston Oil dupp Motors Hydraulic Steel Illinois Central ‘ndiahoma. .nspiration Interboro Metro. Interboro Met pf. Intl Agri Chem pf. 38 Int Combstn Eng. 24 Intl Mer Marine. .. 15% Intl Mer Marine pf 0% Intl Motor Truck. 27% Intl Truck 2d pf... 67% Intl Nickel pf. 67 Intl Paper. Intl Paper (sta). Invincible Oil. Iron Products. Island Oil Jewel Tea. Jewel;uv . DAIRY MARKETS. BALTIMORE, March 6 (Special).— Live poultry—Turkeys, pound, 35a4 old toms, 35; poor and crooked breasts, 30; young chickens, 32a38; rough and staggy, 23a24; old hens. 30; small and white léghorns, 28; old roosters, 16a17; ducks, 26a36; geese, 25a30; poor and thin, 20a22; pigeons, pair, 35a40; guinea fowl, each, 40870, Dressed poultry—Turkeys, pound, 38 a45; old toms, 35a36; poorly @réssed and thin, 30; young chickens,33a35; old and mixed, 30a3z; old rdbsters, i capons, 38a: 38a44; slips, 32a33; du 32a36; geese, 25a30. - —Loss off. Native and neaoy 5 i Egg: | firsts, dozen, 253za2 duck eggs, d0; goose eggs, 75a80. Butter—Creamery, fancy, pound, 38 a39; prints, 39a41; nearby creamery, 34a35; ladles, 24a26; rolls, 20a23; ‘store packed, 18; dairy prints, 20a23; process butter, 27. - CHICAGO, Marcl —_— GERMAN MARKS ARRIVE. NEW YORK, March 6.—German marks valued at $1,329,220 and gold bars of $2,484,897 in value were part of the cargo of the steamship Stock- holm, arriving today from Swedish ports. 2 6.—Butter lower; creamery extras, 36; first, 33a35%: seconds, 29a31; standards, 353. Eggs—Lower; receipts,’ 20,797 cases; firsts, 22a22%; ordinaryl firsts, 19220; miscellaneous, 20a2l. Poultry—Alive, higher; 28; springs, 29; roosters, 18. CHICAGO LIVE STOCK MARKET. CHICAGO, March 6 (United States Jones Tea. Kangsas City Sou Kansas & Gulf Co. Kelly-Spring Tire. Kelsey Wheel..... PREDICTS. AIR EXPRESS. NEW YORK, March 6—R. E. M. Cowie, vice president of American Railway" Express, thinks that the air- ship is destined to find a practical fleld. of operation in the transporta- tion of fast freight he told aircraft executives of local aeronautical com- panies in an address. He sald he had been studying aircraft relation to ex-|bureau of markets).—Cattle—Re- press transit for five years. MNr.|ceipts, 18,000 head; active; beef steers 69% | Bowie drew an oral picturs of an ex- | strong: top, 9.25; bulk, 7.60a8.40; fat press service revolutionized by air|cows and heifers and stockers and navigation that would insure the de-|feeders, 15 to 25 higher; bulk fat she livery of express matter between |stock, 5.0026.5 canners and New York and Chicago,overnight. cutters strong; bologna bulls, mostly i i gl 41584.40; veal calves sharply lowes Z Hogs—Receipts, 60,000 heay FOREIGN EXCHANGE. active, 10 to 20 lower than Satur- heavies off most; top, 0.85a11.15: fowls, Kresge (S 8) | Lackawann: Laclede Gas. Lake Erie & W pf. 29 Lee Tire & Rubber 29 Lehigh Valley. Liggett & Myers Lima Locomotive. 1 Mackay Cos. Manati Sugar. .. Manhattan Elev. Manhattan Shirt st mELSLDPFIOT. Marland Oil. Martin-Parry. Mathison Alkili. Maxwell (B). May Dept Stores Mcintyre Porcu. Mexican Pete. Miaml Coppe! Sheep—Receipts, 11,000 head: kill ing classes unevenly 50 to 75 higher choice fat lambs, early, 16.25; some held higher; medium and good na- tives, 13.75a14.50; Colorado yearlings, 14.50; fat ewes, early, mostly 8.00a9.00; shearing lambs, 14.50. FRISCO BUILDS FACTORIES. SAN FRANCISCO, March 6.—In report on the industrial growth of th, city during 1921, an official report says, 268 new factories, employing 1,818 people and with an estimated annual payroll of more than $3,500,- 000, were established. During 1920, 321 new factories were added, em- ploying 3,042 poozlo. with _an’ esti- mated payroll of $6/800,000. It is esti- mated there are 85,000 faotory em- the pres- Copenhage Christiania Stockholm Amsterdam Belgrade .. Montreal 1 NEW YORK, March 6.—Foreign ex- change steady. Great Britain, de- mand. 4.40; cables, 4.40% ; 60-day bills on banks, 4. France, demand. 9.06; cables, Italy, demand, 5. cables, 5.22%. Belgium, de- mand, 8.56; cables, 8.56%. Germany, demand, .39%; cables, 39%. Holland, demand, 38.11; cables, 38.14. Norway, demand, 17.55. Sweden, ~deman 26.32. Denmark, demand, 21.12. Switz 50. Spain, demand, 15.89. 60. Pol. demand, . mand, 1.67. Argentine, demand, 37. Brazil, demand, 14.25. Moatreal, 97%. a e Minn &St L (n). MinnStP&SSM. MoK&Twi Montgomery Wa ) Mullins Body..... 3 ployes in San Francisco at ent time, No. 2 western export, spot, 110; No. 3, Al B P, world shipments ax compared, with the | g, S "y G il Corporatiol 'Il i-le z 7e 19830 To | K ; fairly. THE EVENING STAR, WASHINGTION, D. C. BOND AND CURB MARKETS. Carb. MONDAY, MARCH 6, 1922. Qo shed by Redmond & ©o.) | (Quotations fy . B. Hibbs & Co.) - LIBERTY BONDS. 235 pm. o8 i kexishen By W- 2. Yooy - : Bid. 2 2 97.30 | Aetna Explosives T0Chr it I | : 9710 | Arkanmay Natural G 3. e ] Hoone OIf L18 Boxton ang ¥ 0 63 a5 20 2% 4 4% OTHER BONDS. o e io de Jandl 1% vernmcnt 5 Government 941 Government of Switzerland 8y Kingdom of Belgium ic Atlantic Atlas Powder 7iss 1936. Batimore and Oliio conv. 4145 1933.. Baltimore and Ohio 6s 1829 Baltimore and Ohio 8. Bethlehem Steel P. M. 1940. 0 A . Inland and ne Sugar cvt. Delaware and llludw thwestern 6%s 1638, Pennok Of1 . Secured by e Fre i Pl highclass i @ 40 % H a e $aTo30, Radio com. .. e proved real : n 78 1930. Radio pfd. estate. We collect and remit Over a ew York Telephon Pennsyl Pennsylvania R. R Pennsylvania K. nnssivania Reading_general 4y St. Louis and S. F. 8. F. Seaboard Line Seaboard Seaboard Southern Southern Southern Southern Union Union Pacific con Union Pacific 0s 1 United Drug 8s 1 Realty and Virginia-Carol ‘Western l.'lllol!’ 613 Wilson & st G Al Co. of Amer. 7s 192 netioun Tel. & Tel. By 19 1. & Tel. 6a 192 American Tel American ns. pper E: Copper Export Copper Export *' Cudaby Packing_ ¢ oodrich 7s 1 1 R. City Term. 6s 1923 ennecott Copper 7s Procter & Gamble R. J. Reynolds 6s 1 Roebuck & C finish, and then | Ses ars, Roel Sinclair Consol. Southwestern Rate—Maturity. 4158 April 1, 1822. 4155 Jupe 13, 19: NEW YORK, divergence of s was indicated by stock market. Shorts again d upon the motors, and Studebaker. one of last Satur soon reacted 3 last week's defic! reserves causini money rates. Sugars, local u tric, Electric St Iron Pipe preferred and Natlonal listed at 5.10 to 5.20. The demand Cloak and Suit p the comparatively few stocks to re- sist the further hour, rising 1 to 3 points. . Selling of .the motor group, also independent steels, popular tobaccos, rubbers and oils before noon. Gulf States Steel, Chandler, Good- rich preferred and clined 1 to 3% extended last w speculative and well as shippings, lost ground. Call money o} ened at 43% per cent. The markets much in unison ment was The specific i counted, but pri in the financial kets alike, was merely a further reac- tion of the overenthusiastic specula- tion of a week ‘The importan news of the day supreme court solidated Gas case. judgment~sof the lower court in de- claring_confiscatory the 80-cent rate originally fixed by the New York state law. It is a severe blow to local and state politicians, not only York but the country over, who may hereafter seek to make capital out of a tax on public utllity enterprises. The up-rush of the Gas stocks fol- lowing the news from Washington had some influence upon the general movement. Previous to last y stocks had been going up irregularly but ~mnevertheless price Saturda; tinuously for m A reaction was last week’s close and kept on during | the early part of the session today. Outstde of however, the decline had littie mean- It did not go far enough to sug- gest any change in sentiment, over the business outlook, although it did \.undoubtedly _refl that the speculative movement in all ing. the market, as time la: a pace in view still at tion, vestern con. A R. R gen. 19 928 941 Gs 1941 Bell 7a s 192 WAVE OF SELLING UNSTEADIES PRICES Trading Is in Moderate Vol- ume—Undertone Holds Firm. in prices at the opening of today's national Paper last 1% points. Rails were mixed, Canadian Pacific|to 3.73 for centrifugal, with Porto easing, while Union Pacific and West- | Ricos quoted at 3.61. No business was ern Pacific made fractional gains. Trading was in moderate volume, in the main downward. taching to the outsidd situa- ro 88 1046.. % Oresson Gold OFFICE ROOMS FORMERLY PNTERSTATE BLDG. 1319-1321 F St. N.W. Rental Agents 1405 Eye St. ® Main 4752 FINANCIAL. . 19 | HaRRIMAN & MEMBERS: New York Stock Exchange 111 Broadway,New York FOR RENT nternational Building A Few Very Desirable Offices Left Reasonable Rents McKeever & Goss Washington Office 16 215-16 i Dominion 041 3 lgw L5 Tign 1945, Durant Motor, 2414 254 Mutual on o o 6% Engineers® Patzol said o ‘arrell Coar 3 a7 Guftey-Glllespie - Intercontineiial ernational e fonal Petroleum Lincoln Mot Lone Star« ngma Co Maracaibo O Merrit 0il . Midwest Ite Mountaln Producers Nevada Ophir % | New Cornelia . Nipissing Mines North Amer. P. and P Northweatern il Omar Oll (new) W. Dis 1 d P R. J. Reynolds “'B’ Ryan Consolidaged INVEST First Trust Notes interest the day it is due, and SHIE el (0es handle all details. Quarter :L’g.'l‘:uf,:,'?‘;‘ Consult Our Loan Dept. of a i wift International - m Century fflfi-'z:":s:""m' SHANNON & LUCH Without nited 713 14th St. M. 2345 a Loss. COLORADO BUILDING Telephone Main 1603 Your Money in Our Safe G.B.Chipman Manager R R R R i T 2 = D No investor has ever lost a ollar of princi- ; al or interest. s it 68 1 Livby ... National Leather . Bwift & Co. Union Carbide . 635 s 1968 v 1930 of 1 OIL BTOCKS. Lo s ool Awnets . .$4.365.306.73 returns that’ seem abnormally finm«-:m::m ::_n Co. (new).. 3:_1',. }-' Surplus -$1,111,632.96 large. It 1;] of‘;cn dlfl;ru)r to . | Borne -Scrymser 2 » determine the danger line. { Buckeye Pipe Line Co. ) H H Chexciorouth Manufacturiog Co. 100 Systematic Saving Contluencal: il Co. .13 Has belped many people to financial Our 7% First Mgrtgages of- Crescent Pipe Line Co. Cumberland Pipe Lin Iilinois Pipe Line Jrst Solar Refining. Southern Pipe Line Co. South Penn. 0il Co, Standard 0il Co. Ohio. Swan & Fineh Co. s £3|BIG GRAIN, SALES AGENCY. : Largest Firm of Its Kind in the ‘World Formed. CHICAGO, March 6.—Officers of the United States Grain Growers, Inc., an- nounced incorporation of the Unite: States Grain Growers’ Sales Company, a subsidiary organization, which will plan to operate at once in the Chi- cago, Kansas City, Omaha, Indianapo- 1is and Minneapolis markets. The subsidiary organization, according to officers of the United States Grain Growers, will be the largest grain gelling firm in the world. More than 110,000,000 bushels of! grain will be marketed each year by | the selling company on present mem- bership basis, officials said. Recently | a membership campaign has resulted in an additional 2,000 farmer mém- bership each week, adding more than four million bushels a week con- tracted with the farmers' organiza- tion. - WOOL MARKET FIRM. oderate Broadening of Demand in Boston. BOSTON, March 6 (Special).—The wool market, while not by any means active today, was very firm. There was a modefate broadening of the de- mand and it is plain that good wools are as scarce ever. Increase in ! the demand for piece goods, it is fel | would soon sweep the market bare of such grades. Many of the smaller manufacturers are showing a ten- dency to curtail, however, although the American Woolen Company has orders sufficient to run at present pro- duction well into the summer. Few good lots of greasy territory wool are on the market. The denial that the Jericho Utah pool would be sold on consignment or without competitive bidding was a strengthening feature of the market. Some few consignments of the new Arizona clip are coming to houses in this city as usual, but there has been no general selling as yet. SUGAR MARKET STEADY. NEW YORK, March 6—The early raw sugar market was unchanged at for Cubas, cost and-freight, equal 7s 10330 1830 1623 922 1021, 1024 100 11-16 100 13-16 March 6.—Further peculative sentiment the uncertain course irected their attacks , especially Chandler American Tobacco, day’'s heavy features, points, and Inter- 1 reported. Raw sugar futures were steady and it of clearing house | prices at midday were 1 to 2 points g fears of stiffer|net higher on scattered buying by commission houses. EQUITABLE Co-Operative Building ~The lure of large returus in- Association volves speculation. On the Organized 1879 other hand, the valie i ipdependence and X it a small part of your income awa: : s | Gatena-tignal o8 Day ‘day. OGr recerds contain many pal. certainty of yield and an el Ol Bimes of people ‘who owe their suc. adequate return. You take no cess to this system. Shares, $2.50 Per Month JOHN JOY EDSON, FRANK Capital, Surplus & Undivided Profits Over $1,500,000.00 Safe or Unsafe Investments 424 YEAR COMPLETED money today makes pos it can help you. fer absolute safety of princi- chance—they have a p-oven record of safety and yicld. B.F.SAUL CO. Mortgage Loans 1412 Eye St. N.W. Main 2100 Subscriptions for the 82d Issue of Stock - Being Received 4 Per Cent Interest EQUITABLE BUILDING 915 F 5t. N.W. President REESIDE, Secy. Important market news It will help you in your market transactions to keep posted on the latest market news affecting the stocks which interest you. The INVESTOR & TRADER gives you—at a glance —information obtained from many sources on New York Curb Exchange stocks—latest news, trend of the market, expected developments, active stocks and bonds, the dividend payers, the price range of many stocks. Ask for a copy of this illustrated weekly review. It is a service feature of Jones & Baker, “information headquarters” for New York Curb Exchange stocks. JonEs & BAKER Members New York Curb Market ivate Wires Boston Philadel €It means much to the business or professional man—to any one—to be able to draw his checks on a bank such as this. fiThe prestige which comes wiih long and distinguished service finds reflec- tion in the affairs of all “Metropol- itan” depositors, and is distinctly a business assct. 3% Paid on Savings Accounts Organized in 1814. National Metropolitan Bank 5th St., Opposite U. S. Treasury—108 Years Old tilities, General Elec- | There were no changes, in refined orage Battery, Cast|sugar prices, with fine 'granulated referred were among continues quite active. Thers were no transact! fined future: Money to Loan —oh District of Columbia real estate. prevalling rate of interest, Prompt Service No Waiting Stone & Fairfax JOHN T. MEANY, President 1342 New York Avenue N.W. Money to Loan nfluences no doubt | gecurea t deed of trust on real estats. incipally the decline, fivllm interest and commission. . and commodity mar- Josgph !‘ We"er :fix."':h -LHI"I':.I; $5,000 Life Policy, $57.35 M. LE ROY G:llr:'n nl:‘::r-lh Adviser _Room 610. Woodward buliding. M. 340. Mutual Life Insurance Company of N. Y. standarq forms of life insurance and !ulrglnlnud by over Six Hundred f assets. - issues sunuities, Millions of Wanted—Men of Character to g Solicit Business Offices 423 to 429 Southera Bullding THOMAS P. MORGAN, Masager. AM giving my personal af tI;:tlion tlo the placi ness insurance. You should be interested. Careful assistance will save you money. Union Central Life Insurance Company It Costs Less—Why Pay More? E. S. Brashears, Genl. Agt. 710 14th St. NW. fons in Te- pressure of the first became more general . nited Fruit de- points. Ann Arbor eek’s rise, but other investment rails, as again moved pretty today and this move- ago. t contribution to the was the long-awaited decision in_the Con-1| This upheld the | in New con- ¢ ore than a fortnight. due, and it set in at|.. technical conditions, lect. Judgment it was going at one was sstting too d of the uneonu‘;n‘glu “Will My Money Be Safe?” ‘Whatever form of security you are thinking of buying, the question uppermost in your mind is: “Will my money be safe?” But why have any question about it? There is one form of security that you know is safe—our Safe- guarded First Mortgage Investments with their record of no loss to any investor iy 49 years. ® You can buy them in denomina- tions of $100, $500 and $1,000, outright or under our Investment Savings Plan. They yield 74 and we assure . of interest and payment Write-or call for. our Booklet The F. H: SMITH COMPANY " Sounded 1873