Evening Star Newspaper, May 15, 1922, Page 25

5 'FINANCTAL. NEW ENGLAND TRADE VOLUME __ | 8%t i ot | GROWS LARGER DESPITE STRIKES et vircharedia tenait of ta66 roi- ish immigrants. Sorured by first deed of tust on real estats % e Prevalling interest and commissl = ever, if 'thers shemld be | Joseph 1. Weller £3,7%h 5"y cause for complaint we will maxe | : A a full and impartial investiga- ' OFFICE ROO! FOR RENT International Building INVEST Your Money in Our Safe First Trust Notes MORTGAGES e ‘Safest Security on Eart Every mortgage is less than 309, of the ready market value of the property. " 1. Absolute Safety. The Star strongly recommends that you consult az officer -of Progress Is Now Noted in Nearly Alll wrowr on gup coxomos Lines of Industry—Building Activity Departmental Bank . At Washington, in the District ufbcu}mlbll. e e 2. Reliable Security. No investor has ev o NTERSTATE BLDG Resumed on Large Scale—Elsewhere. Ry 3 Liberal Income. et i esrciont s e T e k ”fi‘.z:" "‘.'T.’mmfl:.? 4. Insurance Against Loss. ARt or interest 7 e e Dol . BY EDSON B. SMITH. _mer furs, hitherto in small demand. saces n.:.'; :;Efi"; §. Protection Against Depreciation. || high - ctass o 0 Offices Left P I Special Dispatch to The Star. ik betteniNer WitN.fox palte P exchange 6. Prompt Paymen? of Interest. proved iedl Reasonable Rents T OB BOSTON,, May 15.—Sentiment in Pt ! : Tt sl with 7. Repayments of Principal in Full estate. We collect and remit 3 | local business and banking eircles is Clothing. baok (except thom at Maturity. interest the day it is due. and ‘dcxeever & Goss i handle all details. Consult Our Loan Dept. slown in b and c).$237,560.13 Total loans U. 8. gover Dpretty optimistic regarding the future.| NEW YORK, May 15 (Special).— It is felt business depression is being ) Manufacturers of palm beach goods Rertal Agents Choice First Mortgage Investments 1405 ERT A a2 rapidiy left behind. In spite of rather|and tropleals are anticipating big 181,780.06 $100—$250-—$500—$1,000 - 3 I e T extensive labor troubles In this sec- | season, with emphasis on sults built asivsi HANNON E LUCHN 35,000 Life P. 357,35 INSUBANCE COSTS LESS In the \ tion, the volume of trade steadily is nznn:l;nlnrl Uneg, sul with exta pair T i < % i, Bana ,,:‘e,, ':‘,.c,'y,., A ation | o Unlon Cemral. Why puy s L wrowing larger. The reactionary | I EOIf trousers in addition to longer 120,187.42 S 713 14th St M. 2345 T tabi L ot over $200:009,000 | AN s, X160.000 000. Orxanize : movement which began in New Eng-| . s waozw | | Cell, Phone or Realtor ROV Gaey. tomaeanee Aovies | E- 5, BRA,?.;Hun.Rs?' + e land shortly after‘the first of the year <onl. 13. Checks ou_other - in 4600 : Woadward buliding. M. 340 ree now is believed to have halted and v‘ouxus'rowx. Ohio. May 15 (Spe- fame city or b 1.010.17 Write for It 1409 N. Y. Ave. NW. Main ! e 18 10 e cial).—Gas and coking coal in open| ‘Total of ilems prosress is noted in nearly all lines | SN TORS Bnd coking coul in Shen otal “of 1 at present in price. Kentucky and West Vir- |14 Checks on banks located | of ¢ty or town of reporting The advance in the prices of cotton | ginia operators are quoting $2.75 to and woolen goods is encouraging the l’:;ji'r“ oD Wit tew offerings at| 15 other assets textile munutacturers, although the e Exvenss in wxce prices of the raw staples have risen Butter. faster than the prices of goods. There| KANSAS CITY, May 15 (Special).— seams no immediate prospect of end- Neéw creamery of Blue Valley Cream-| L ng the strikes in the cotton miils, | €ry here will be ready for operation | 17. Capital stock although higher prices for goods may | July 15. This is sixteenth plant built i 18. Surplus tund - make the manufacturers adopt a|by company, which has an output of | L 2 e Washington's Oldest National Bank | MPurrrgep| 1ime This Evening ‘Total more conciliatory attitude. about 50,000,000 pounds of butter a btllufl —to come into the bank and put Resumption of building activity on! Year. ¢ less current ex. L a large scals has been accompanied / = ennes, interost and ” away a part of the proceeds of e L. Jub in Washing by scattersi atriices by vAtlous/niony Condensed Mlilk. o NoP .. %% 1b.810.81 that salary check. OUR SAV. YOUNG man living at a club in \Washing- afiiliated with the building trades, but! NEW YORK, May 15 (Special).— Demand deposits (other than s = 5 it is not believed these will interfere [ Cond 4 and i dep . (Deposits o o1V 1 e iliary E e o o | Somasnead. and ayasosated, milka urs iy Dot INGS DEPT. will be | ton conceived the idea of an “*Auxilian I ted. . From pres-|demand has fallen off. Relief commis- | 20- Dividends uupai or pre i . \ | " 5 o irp e . I enan 1 NI s, s e wons Lave e % b Brsets o Openuntil 5:30p.m. || Savings Account,” as he himself named it. T A | - MES Ao SUFPIN atocks, e ey "to: b gaze’ As little as One Dollar will ||i : Tocal banking circles give consider- Nets. AT hore “hore) ‘and posial ’ y After budgeting his salary and allotting a e e e | LOS ANGELES, May 15 (Special) — 31, Contifenten of deposit (ather make you a thrift co-worker with it st s i Kes ditional ten ing to get control of the Wickwire|LoWer, prices are expected on wal-|. e, [0 ey Dorromed] Washington's OLDEST National ||| fair share for savings, he takes an additi Spencer Company, makers of wire Total of time deposits, items products. its, drems Bank. 39, Paid on Savings Accounts | promises to be of bumper proportions. dollars every pay day and puts it into a special savings account. 1 41.384.90 10.478.85 wass | National Metropolitan Bauk ‘Trade in the Southwest Wgs'el-:_ivn'ui;' ¥ (-:""spec.a“__ Reserved Gets a Sudden Revival |packers nave Just ceanca up stocks| totm of raspberry, blackberry and logan- | pistrict of C Organized 1o 1814 He’s doing this to prove his “hunch” that he 25 BY JAMES R. RECORD. berry pacies of 1921." Prices obtained | ' NaGHALL 0”EXNICI08, canler ot Special Dispatch to The Star. were about halt war-period figures. |[abovenmmed Fanit "o the best of my : s 2 CHG 5 rasti FORT WORTH, Tex. May 15.—Re- — (LT 8 ke . Capital, Surplus & Undivided Profits Over $1,500,000.0¢ ||| can save money he has been wasting. sturn of crop-making weather and the e Fratt. AARSHALL 0. EXNICI08, Cotietion A | ending of the floods in this section, | ATLANTA, Ga. May 15 (Special).— | Subscribed apd sworn to before me 2 15th St.. Oppoute U. S. 'rrm“ry_los Years Old []! v Hi v v . | day of May. - CIN 9 . . s SRt TChSly AT rsadeis, | g Dere B2 conta u auart The fet | (eal) NARY L0 8 SEIERY He passed his idea on to other club members. shipments of early farm products, | IN& here at 20 cents a quart. The first ed retail trade in | Watermelons of the season have ar- | correct—Atte otary Pubiic. I have suddenly re Hy e rived from Florida. and are selll t gy . 1. W. Ginder. By s 2 52 - ClothTng mes, which have been stag. |About 60 cents each. Sl ALY B Gifiwelt, By Grabam, One of them adopted it immediately; three oth nant for nearly two years, have felt g Joseph Bewart, FPrank.J. Bresaban, follow this movement, Money In this sec- Live Stock. ¥ 1 Rervin, s A he ers followed later. tion actually has gone begging for| SEATTLE. May 15 (Special).—Live | 3. T. Exnicios. lack of borrowers. With the shear-|stock shipments to Washington and | Joseph.H. Sheppard, ing season as yet uncompleted, §.000,- | Oregon packing and market centers 000 pounds of wool have been sold to | are oeing confined to lambs. sheep and —_— speculators at the best prices since { hogs. Grass-fed steers are not coming 1917, according to J. E. Boog Scott,|to market because of a backward chairman of the Texas Wool and Mo- | grazing season on range. hair Growers’ Association. (n.The spéculators are only buying il e ner grades,” he sai today. 1 7t “These are bringins from 30 10 40 | 15 (Spanial pri g LE R, Conn., May | cents a pound.” In some counties of [ years production m:hgdulem;f ,":l cnoy Texas half of the wool has been sold | Brothers’ silk mill. geney already, buyers for Boston _firms 5 2l mills hag been reduced 5 t to three days' working time a week. making the largest purchases. Banks | Lack of orders is assigned as ! in these counties are feeling the ef- FOARINL fects of this new money which is Automobiles. i coming in. Predictions are being| DETROIT. May 15 (Special).—Ford made of 50-cent wool. Mohair is now | 5ales for April were 127,249 cars and | selling at that price. trucks, an increase of 15,467 over best Cotton planting. interrupted or de-|Previous month's sales, which were re- layed by the rains, has been resumed | corded in June, 1921. throughout the north, east and west Texas. Much of the south Texas Notes. crop was destroyed entirely, an i e 3 must_be replanted. Oil production | ST LOUIS. May 15. (Special).—Cur- has begun to increase once more, |l (;7"“ "‘e being settled speed- 4with a daily increase of about 4,000 | (% b’;hm’u’ig;‘l‘;:vpg:cl"l:ifliz';th:‘gf barrels in north and west Texas. iy, ie slow" The coat strike 13 asady . ‘holesale and retail business ad- Increased Bank Clearings I versely, - capeciaily “in mining - dis- i 3 S s. but is having no detrimental Reflect Frisco Activities |conseauences on manufacture s | ol far. Capital, both large and small, is | BY LYNN C. SIMPSON. looking for investments, and attrac- 1Special Disiateh to The Star. tive offerings are snapped up quickly. SAN FRANCISCO, May 15.—Bank |, DETROIT, May 15 (Special).—En- cléarings With an_ increase of $1%.- |[Y of Metropolitan Life Insurance 000,000 over figures recorded for cor- | N0 Detroit as a money lender on responding week of 1921, furnish a|MOrt&ages is taken as a good omen. fur index of the relative conditions|Dher 1arge companies loanipg funds this year and last. There has been | :cf¢ are Prudential, Penn Life, Union { marked improvemeént in nearly alllCentral and Ohio State. Large loans lines of retail 'rade and a steadily | 7¢ DeIng made at 6 and 63 per cent. Reed, . Libbey, Don't you think it's a good idea—both to in- crease your savings and to stop small leaks in vour spending? Open an “Auxiliary Savings Account.” Columbia National Bank sssuomes0 911 F Streét e, o Before he acts, the experi- enced investor must Kknow. He runs no_chance; to do so is speculation. He has a- trained mind that investigates fully, weighs carefully, decides with all the facts and figures at_hand. For 53 years thousands of clients have invested the bulk .of their capital in First Mort- gage Notes offered by this company. 53 Years Without Loss to an Investor SWARTZELL, RHEEM & HENSEY CO. 727 15th Street N.W. Washington, D. C. The Nation's Home Town An Increase in Salary 3% on savines —is always pleasant, buta qood way to get some- thing laid aside is to assume you've had a cut in salary, then bank the “reduction” EVERY PAY- : DAY. | {You'll find little difficulty in doing with less ’t money., and the more you put into a !avings i account the further you'll get from dependence upon a salary. MVIRRIC, SECUR « "AND TRUST C OMPANTY 15th and Penna. Ave. Capital - " Surplus, $5,400,000.00 HOME SAVINGS BRANCHES 7th and Mass. Ave. 8th and H Sts. N.E. 36 7th St. S.IV. {] There's a passbook here, ready for you. 4 v 3 (7 Compound Interest Paid on Savings. o You can open a Savings Account at this convenient Bank with as little as Over a increasing activity in building con-|{ LONDON, May 15 (Special i Quart struction. Real estate transactions |reported here that the Intermationa) | o are attracting more attention from | Mercantile Marine has opened nego- of a capitalists. i tiations with Harrolds, Ltd., looking i Recent inspection of orchards shows | to opening of stores on Internationsy | Century that while apricots have suffered | vessels which would earry artieles | - serious damage and that the crop|needed by travelers on & transatiae. | Without will be only about half as large as!ic voyage. H anticipated, other crops will be heavy. | a Loss Peaches were hit by the frosts in}w hi some_ sections. but the fruit still re- | i g o the' etk s s naavy i | WASHINGton Stack Exchange many places s to require thinning. | p 1o SALES. Crops of almonds, peaches, pears, | o\ fogy e “I°CIFic 8 m. and ref. Te—31.000 cherries, plums and pruncs will be | " capitsi : g00d and some of them will be large. | W hatingion oo 10, ac 974, 2 et o1%. | Investment seems to have given! Real Estate Title ance Compe place (o speculation to some extent ; 105 e CONPAAY=Bae in the western stock exchanges, al- | lanston Monotspe—3 at 77, 3 at 77, 2 at 77, though public and private bonds of /108t 7 2 at 7% high " grade continue o be taken| (... AFTER CALL. quickly at a premium. There are In-1 o son br'y ey’ 20d Electrie com.—25 dications of an actual labor shortage ! " Pote el Mortgage What Every Safeguards INVESTOR Is Looking for Safety of principal, certainty of yield, am \ The Safeguard of Good Location WITH its capital resources greatly increased, and with its new location in the heart ;u.-thxen slt‘l& duue big power company | "i"'y?o 10 d t t nounced an increase in the pay | | Uhestbeske and Potomae of Vig 31— || adequate return, com- i istri R mounuing, "1UCe men 10 €0 10 | M lokion Ry nd Biecsic, ped.—2s plet?: investment service of the financial district, the 5at? b - ), 2 ), a 3 »: 0 . . «Commodity Reports ‘"r‘i&;fi.}.c Elsctric 5. m. and rer, —gro00|| that relieves them of all Good location is allimportant from . the Merchants Bank and Trust From Various Sections | Jawieste Ruicay saa Bleeic pra—s detail or worry. 1 standpoint of the first mortgage mvestor Company offers a greater Moser—Cell lcans, Tas per cent. It is one of the largest factors which pro- banki d i e it 2 Ous Firdt Mort % t t fa anking and trust service to Eomn e, S st Ackd e meet every test. given as security for his loan. - e LT ' ucts are reaching local markets and | xper Bl In amounts of $250 Y are having depressing effect on ship- ped-in stufi. Large crops of veg-| etables in this district are expected. | Am. —_— Anacostia and Potompe Bs. Tobases. Anvacostia and Potomse - C.and P. Tele B NEW ORLE v 15 (Spegial). C. and P! T —The S. S. Jacques Cartier will sail | Capital Tracti this week with a cargo of tobacco |Gy snd for French government, valued at| soorboonin e 2™ $550,000. Cargo consists of 3.000 hogs- | Potowae Blectric ist 5: heads and is most valuable tobacco | Potomac Eleetric con shipment ever handled here. P American and up. B. F. SAUL CO. Mortgage Loans 1412 Eye Street N.W. Main 3100 The officers of this institu- - tion will welcome the oppor- tunity to talk with' you about these enlarged facili- ties from the standpoint of S 114 Ourv:i;t mortgage loans are made on im. " pro income-producing property in the City of Washington, where real estate values - are not only secure against depreciation, but certain to increase. NN FaF - 255882 RgERseeRaEeE R "o\ W\ WAL VRS, e, TUN WA TN, W, e, v, AL W e W e, s, e, MNANNIINS DR TR SUUR E When you buy our 77 Safeguarded First your financial requirements. industey ot Great: Britain i3 in a| W 3 e C Mortgage Investments, you know that the slump, but best-informed members of T L LIBERTY BOND PRICES securing them is i el e el e eaes (b o, Eee g % % %i{| FOR $100 BONDS TODAY Lt e (A sAlexte lent and radical cutiing of prices T 0" @ ot 4% - : neighborhood, is easily accessible, has ade- . OA:'{E;QNEA May 15 (Special).—The % — :& fim trangportation facilities and possesses {1 PETER A. DRURY, President. aute ssories report ther it * '+ .« VicePresident EDWIN W. POPKINS Ass'c. Sec'y-Asst. Treas. B i Domand tor wan s 12t Vietorr 4% l the other elements that make up a loca- 7/} ERNEST E. HERRELL VicePresident © FRANK E. GHISELLL - Assistant Treasurer is fairly brisk. o WO DEDUCTIONS MADE. tion of permanent investment we 'L.E scé{gg}g&h . - xice-;rngg:m gENG'RYBQDVE/b.’A - - fi::n :;r:uunr Bonds Bought in All Denominstions. OS. A. - < VicePresident . WATTLES - - ant Treasurer Staty; b % XC Z . HENRY WHITE- - - Secretary J. D. BEVERIDGE - Manager, Foteign Dept. AR A WL L “sijp || WYBERTY, EoM B EXVHANGE 7 FR)ANK P. HARMAN, Jr. « - Treasurer ~WADE H. ELLIS. - -+ - Counsel all shirt line of Harl & Wilson Co. o Hours, 8 a.m. to § p.m. Main 2997. «was opened today and salesmen have Y C already started for their respective | Ameriesn 165 — ———————— DIRECTORS o eers il b priaes a0 on 5 | Gohumste is 20 \ " Don H. F Frank O'Hara Y| Gofambia ‘111NN B0 b g Commercial . 138 145 Harry E. Allen on ‘oster ¢ aliow 5 B retafid dt et 3| mmer i EQUITABLE Jou & Beberch . EmGod . . . Rolind $ Rovbins retail at 35 to 50 cents each. Federat 13 Co-Operative Building Guseav M"flbl 3“‘:' %“}'l{""“ Eugene Al Smith - Harry R. Carroll 3 W Spaid Woolens. 2 - We OpRM BOSTON, May 15 (Special).—Prices Association A“‘“;zséo"lt‘"““ zl:'l‘l%“{(" William Henry White for tops and yarns have gone up in Organized 1879 Peter orsc acl J. Keane A. C. Waller response to advance in raw wool and 2 Petes A. Drury ). Ernest Mitchell John Zanier some f,?fi;:’:?“g%%flifi ?;e‘"rlepfyn- Ntan mTufgflT“%ol%PANY."m o 424 YEAR COMPLETED i FH" i'fi”"“'” on v Saainer Purther increnses. although | Sonnental Zrult L N | R g reree ] o . : DUPONT BANK BRANCH ADVISORY BOARD : they are not overburdened with or- | ettt aar tor oo Trus - | . Z Y : W. E. Clark Paul Dulaney " Ralph D; Quinter ders. Weulagien Lotz and 7 Great Accomplishments $ Eugene C. Copenhaver James A. Gore H. g?kihl_my Steel. Comperca and Savings. . Through Systeratic fi e MI L. C. Dulaney : . H H Wescort TUSCALOOSA, Ala, May 15 (Spe- ol S Y Savings ~ . . . élal)=Central Tign & Cogls No. 3 Beret” Adopt the systematic saving plan of 2 i a ron ) : plant has vesumed making ron pie s g o il bl ounded 17 Capital and Surplus $1,250,000 NEW YORK, May 15 (Special).—It' Subscriptions for the B ' o Ce Z it for Db Tt or 83(’i Issue of Stock FIRST MORTGAGE INVESTMENTS s 8 second quarter, having sold up to TITLE INSURANCE. capacity. Columbla Title .. Real Estate Title . MISCELLANEOUS. eing Recefved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. NW. JOHN JOY EDSON, President FRANK P, REESIDE, Seey, Merchants Bank & Trust Co. - MAIN OFFICE 2 DUPONT BA! BRANCH S 15TH'& H STREETS, N. W. DUPONT CIRCLE -1414-1416 EYE STREET; N. W. Hardware. e SEATTLE, May 15 (Special).—] mand for hardware' and plumbing supplies is active all along Pacific coast and stocks of dealers are very ten 'lo'- Furs. tos BOSTON, May 15 (Spectal) —Sum-' Weskington Mar P &+