Evening Star Newspaper, May 19, 1922, Page 28

FIRM TONE SEEN By Specia] Leased Wire to The Star. NEW YORK, May 19.—A generally firm tone was displayed on tke curb exchange 'during a “greater part of the session today. A number oll issues established new high records, Business was larger than in months, especially in some of the low priced issues. Commission houses were ac- tive and purchased on balance. Oil shares were prominent, Mexican Seaboard mand. Woodley made a mnew hizh record on buying by southern luger- ests identifled with the company on expectations of the completion of new wells over the week end. Announcement that the Producers and Refiners had taken over Lyons Petroleum caused a sharp rise in the ASSOCIATION Pays 6 Per Cent on shares matgring in 45 or 83 menths. It B. 1G ‘American Ameriean ‘na;u- m": Arihour & Co. Ta 19 Atlantic Ref. 6% Bethiehem Copper B G 3 A L Good: with A in excellent de-| Libby, MeNell & Libby. M. 8. P. & . M. 614 New Yotk Centrai T 1880, 1928, BN SHARES ‘HAVE BEENBID UP Dividendé ~and ' Earnings La\rgely‘, Responsible. - Cheap Money. _'BY L A. FLEMING. An eyidence of-the recent strength developed on the Washington Btock Bxchange in bank share.. (s seen in the sdvances in shares made within the last sixty days, apparently with- 6ut much effort. k of the Columbia National bid up from $176 to $220 1T 55555;555 117 El Fhlit | sisgggeseazusiy, prans t & i § R ITH ELLLEV I FELL B H e & LI o ! SR = 100 100.00 9901 20074 1000 N GOVERNMENT. STATE AND MU NICIPAL. i il Cis 88C260200) 5 t] S34395445S g w8 HiH :ggzxar-sa i tH Eaf Eaganas R e m f 5 a shar to $19 465 10 $48( tiondl Savings and Trust stock $280 to" $28' ‘Unlon Tr\?t Company is back to $121, a gain ; o2 5, s L e L M B.gaad Co. 7s 1925, Lincoln Ni : G, T e icoln National from latter. Cities Service old common stock Tose several points and advances | 8 were general in the remainder of | T the ofls. Imperial Ofl of Canada was |y s" atssy Co, Ta 1923 one of the exceptions, at one ime | Western Electric 7s 1925 . showing a loss of several points. Westinghouee E. & M. 7w 1981, of 33 aompeny is back to $131.a gain : ort per Motors in Better Demand. U. 5, ThEASURY CERTIFICATES. | Federal Nationsl ‘Bane teperol,and There was a better demand for some Noon.—— | strengthened, nominally, from $174 of the motor issues, Danlels establish- | 10 3185 asked. A a0 oWl ithcrd cGRA EAA R0 v ther stocks in the bank share list ing_upward. The radio stocks were 23" also gone up, bius being made in better demand with Dubllier the Iy that are something more than the formal support of leader. Phillip Morris made & new top | 31ts tetobar inmititions Ly oL (helrishacew by and there was u good demand for | 4iss December 15, 1 profit-sharing and tobacco products|4is March 15, 1923. Exports. Some of the Inactive issues were lower at one time, Schulte show- ing a rather sharp loss and Swift | International reacting aftér early | firmness. Goldwyn Pictures also re- ! ceded after advancing In the frst 33 23z igRvaagesnagnety,, i i £ g8 R85 Pays 4 Per Cent on shares withdrawn be- fore maturity. Assets More Than $8,000,000 Surplus More Than $800,000 . . . Corner 11th and E Sts. N.W. JAMES BERRY. President JOSHUA W. CARR, Secretary aag !gg i i 3 23 | CTUEE P I3 PYe $35e33°2532053 E! am i 5 i i Bjegdegg=egzannsy 323235335580 & ] i »S, Lidd 113 A4 R i = H & o H 5! L i Rate—Maturity. 4% Jue 15, 1922 5, e 13, 1922 ung 2. 5348 August 1, 192 $12% September 15 Sigs Beptamber 15, 1022, 16, ip2: an & FEE ¥ epub LFELGFERLELLLGEE H G PR A EPELLH o 3 E & £ ¥ g, H Y = ¥ el 835 23 i Eg based op dividend ties, perhaps a little ont possi- for it s admitted that banks have made good earnings and are lkely to continue prosperous for { months, perhaps yea aleo a fact that shares of Na. trust companies and of organized under the law | sech: it are not subject to the | Ascnigon pf. 1% % per cent intangible Coast The Columbia Natio aLiantle e n 12 per cent dividend paye AtNote Bt On. eral National, § per cen coln, 6, with iarge deposits and pros. pects; the Natfonal Metropolitan, 10, and the Riggs 26 per cent. The last zale of the Liberty National, paying 6 per cent, was at 121, now 127 bid. The last sale of United Savings Bank stock was at $213, now $220 Is ol g H ? sae EEE S r st RpyEragraiifiageagy, il EE 1 Am Tobacco pt (n). 101% ” 2828 Nua 528 e £} !‘> L4 o 2 RoannitaBRRE > 108; . 101718 101 918 . 1011516 102116 —_— FOREIGN EXCHANGE. (Quotations furnished by W. B, Hibbs & Co.) | Selling checks—dollar vals 5 [ 13 * £ 3 S3383= 33vg-s -3jgfegguegragugy =yuzgngaseil S HHHTRLHTER L B gr33gy To bt L 1 § gefeyasgang FEIEL EFF gt F;F LT Ik PR L l:asg;isl 13 1 F3] 2 3 8 3 2 11819 EL) el Copenhagen Christiania Stockhol Amsterdam nelgrade 3 3 5 i -3 ey an? 38 LN L §% 33 i:g 13 § change irregular. mand, 4.44%;. cabl B bills_on nk: 42%. France, |manfl. 9.06%; cables, 9.07. Italy, Great Britain, de- 4.45; sixty-day Don’t Be tn a Hurry! It doesn't pay to be always in & hurry! Columbia Graphophone shares have an actual value in the ‘ market, Wwhether real or not. The company owes $20,000,000 and it's frozen for five years, mayhap longer. Some 3,000 shares of the common 201d yesterday, the final price being 4%. The official bid price for the Dreferred yesterday was 16% bid and 17% asked, and the market is open 4 ,|and available every business day for sfer of shares for cash. e EE S E R BE L B a §ev=gngggegeay BPESE TR g% 8% 3 & a mand, 5.08; cables. 5.08}3. Belgium, demand, 8.27%; cableg, 8.28. Germany, demand, 333%; cables, 33%. Holland, demand, 38. 38. demand, 18.50. Swe: de; L 25.65. Denmark, demand, 21.27. Switzerland, demand, 19.12. Spain, demand, 15.85. Greece, demand, 4.15. Poland, .02%. Czechoslovakia, demand, 1.92; Argen- demand, 36.62. Brazil, demand, Montreal, 99 1.3 28 L3 D 1314 F ST NW If You Are Looking for Something New Inspect Houses Adjoining St. Gabriel’s New Catholic ‘Church 7th AND WEBSTER STS. These houses are different from the ordinary box houses. They are much deeper and hav for parties desiring to rent retain sufficient xpace for themselves. Take 9th Street Car to Varnum Street N.W. and Walk East 2 Squares FORCE YOUR HOUSE TO PAY FOR ITSELF YOU CAN EASILY RENT 2D FLOOR FOR ENOUGH TO MAKE MONTHLY PAYMENTS INSPECT TODAY gs geliss g2 § £ LELT 239900 ERRR ) RJ 33 EH A ] 233807 $3:-3897 Baatannaee Eedgugng Reynolds (B). al Dul 0 Vacuum Oil 418 INDEPENDENT OILS. 7 8% H L H St Louls Southwn. . St Louls Sown pf Santa Cecilia Sug. . A g G 1 ba Cane Sug db 8« ba B R Ties A... 1 & FL D FEEEECE g;e.iw:i 55 .1 d Ol 1800 Glearock Oil 30000 Hudson Oil . 13400 Interoational Southern Rallway. Southern Ry pf. 858 £ RAEBBERR S B anRE a8 g - { Columbia Graphophone Company as to dividend prospects, any one should understand that it may be years and it may be longer before a distribu- tion is again possible. Bu: even with this knowledge, they should hesitate to trade their Graphophone shares even, or any We have several de- | shares.” without digging down under - ) the skin of the proposition, sirable, well loca te d S tere %are dividend’ payers and tracts of ground which "‘c‘l’llv(dendk Payers” without an avall- able market that are unsalable. we can sell for much less Your Graphophone shares, with an than market prices. actual cash value, should not be |lruded for anything but cash at quo- Terms Can Be Arranged i 3 "nd Builders L - (. eclms Inrketl.‘ ; * eorgetown Gas 6s were the active Obtained teature of today's session of the local tock market. The price for several il | lots was 943, with $500 lots at 94%. il | Capital Traction 5s sola at 88, and |Chi | Washington Gas 5 were held firmly. Gas stock was strong, at 55%. 1342 New York Avenue N.W. |j John T. Meany, Pres. 9388 Sterling Products. . Stewart-Warner. .. Stromberg Carb. WERRER PG ISR FREEE L LTI o HCTTL J TR 258 ChiRI&P 6% pt. ChlRI&PI%pf.. #6% Chile Copper... 2% Recognizing the position of the other way, ‘dividend-paying tations before asking your banker. Capital Traction shares were mod- Superior Steel. erately active, at 97% to 96%. s?-’.,';uc."o':'n.. Convention Notes. Reservations to date, with F. G. Addison, jr., chairman of the com- mittee, number about "eighty, with more coming in every day. The, indi- } cations are for a record attendance. 35 ™ % Tenn Copper...... '12% I2W Texas Company... 4% &% Texas Gulf Sulphur 4% 6% Texas & Pacific. 3% Texas & PC & Oil. ‘Tobacco Prod. . TolStL&WnB... 38 » TolStL&WnpfB. «% % % | Trans Contl Oil. Transue & Willm, Union Bag & Papr. Union Ofl.... Cnion Pacific. sy5zyseanyyyneges H 3 ‘Golumbia Gas. Columbia Graph. % Columbia Graph pf. 17% FERH R SRR PEPFT SR 8 & 2 3 BoabiuSns! & Skelly Ofl 2000 South Pet 2000 Stanton Ol 25400 Texan Oil & Land Turman BaziBatoarnBunts 3 BbitasiE, 5 Hi | _The symposium committee will meet with its chairman. E. J. McQuade. in | the boardroom of the Liberty National y d Bank tomorrow. ] ] Low Money in New York. New York ' bankers noticed with some little uneasiness the rapid ac- cumulation of funds in the Federal Reserve banks: they also reported large -receipts of currency from the interior, where there seemed to be little demand for it. Then they cut down their rates for thirty-day loans to 3% per cent, with sixty money 4 per cent. The jcombined statement of the reserve | banks showed a decrease of $15.- 1060,000 in bank loans, a decrease of $37,000.000 in earning assets and an increase to 77.6 per cent in percentage of re: ves to deposit liability. The president of the First National of St. Louis is one of the big men of the country. He says yes. Can a national bank have branches? Every one interested is talking about it. In The Edmonds Bldg. 911 15th Street N.W. Washington’s Newest Office Building ~ouaL 355z 850 £ MINING. -Brit Col Met 400 Am Command . o e ameciie 122 ¢ o L % « O an a% M 3% 13% 2% ZH W% W% 1% 8% T THE lowest price seldom represents the best value . . ‘anada 1000 ('lndtllw E 2100 Consolidated Copper 2100 Copper Canyon 1000 Comi Fract - 3300 Cortez Silver 200 Cresson_Gold 100 Davis Daly . 27000 D 500 Ed PEERC LRI I JRRTTY L SRS FEe L] e e A Dolores Dundee Fam, 12000 Emema 81 ¥ STUDEBAKER EARNINGS HIGH ot 15000 Galina Min. || NEW YORK, May 19.—Intereats tden- 3 4000 Goldfeld Fi Pounded 1884 | tifled with Stidebaker Corporation re. t its ngs are at the rate of HIRES TURNER b7 GLASS COMPANY $40 a year. In this year's first quarter the corporation earned about $6 a share - Rosslyn, Va. WASHINGTON, D. C. Harry Wardman Main 4190 » ot E 3 1430 K St. NW. w¥aabBlNEE L ER8 BELREY e EELE o1 EZof i. £& of 555 ELL S on Its stock. The current quarter, it is declared, will show $10 a share. It is nof expected that the $10 rate will be maintained through the year, but it is eclared that indications are that the company’s 1922 net profits will be far ahead of those of any previous year. HETE M 33 3000 1000 FITRIRT McK-Dar-Savage. McNa Min & vy i ngwH! a @ Smimat = A g n 101 Wickwire Spencer. 20 2% Wilson Company.. % % Nevada Silver Nipissing ... . e ,u»! mma g i i ] el > 13 29 Worthington Pmp. 61% 2% High. Call Money..... 3% HOURLY SALES OF STOCKS. g ZERADER B2 R e BERABEEERRSwne z z 1300 Extens 1600 m North 8 P Sinclair Oil cv 7is. 6000 Tri-tul Smelt & Div Copper. Siaciatr 01l cvol 4a Tel B wy gen rorto, itic Sug 011 “Calif el Westward Ho! via the Baltimore & Ohio The wide West—the land of romance—calls you. -Answer, its call. See its canyons, its snowy Slerras, its colorful panoramas. Decide to go NOW. Make the trip DOUBLY attractive, by tak- ing the Baltimore and Ohio, the scenic, the historic, the SAFE AND DEPENDABLE ROUTE, connecting with all lines West at Chicago or St. Louis. Low summer fares to California (Los Angeles, S8an Francisco, etc) Through fares from Washington Via direct routes .. One way via Portlan North Pacific Coast (Portiand, Seattle, Tacoma, Vancouver, etc.) Through fare from Washington Via QIreCt TOULES <eevveusssssssngessen Colorado ? (Denver, Colorada Springs, -ete) - Through fare from wmmz'::'b' ! ;C.ll' Tickets on sale: To California and wthéuutpolnt:. Pacific May 15 to September 30. To Colorado, June 1 to. September 3 Return limit, October 31. FOUR St. 2% e Am. Stores Co., g, $1.75. - Fairbanks Morse Co., q,’ pfd, $1.50 . 2 39 Z a 3 i a-23EH8502 L3 5 HLLL 838 » g 3833 =§ g‘ E i : i : eperraes 7, i ;if 2 i b i : 1 fadfted BTy T I DRY GOODS BROADENS. et Aubdiel Trading Is Active With Prices . Holding Firm. NEW YORK, May 19 (Special)- The market for cotton goods is broad- ening as.the temdency of recent price advance to' be maintained. becomes more apparggt. The demand for ':::'"m continued active today with 'the bag trade taking goods for spot “delivery well along into midsum- “Ordets Tor the standard width cloth constructions were not 8o T e ore Sctive atia AR and thers also le business done in fine. com| yarn goods at curremt The raw sili market was strong in ithy with v nf - i éi o' wrE et i | i i EEEER Wiy seesensn g9 ExvnZgesy 92 praazsezius BALTIMORE, May 19.—While re- ceipts fell off to 150 hogsheads, sales increased to 222 hogsheads, of which & considerable proportion were French des. i B EI Kl 8g88s 5k AL L R AL £l g; Bk ol % pounds—Inferior and 00, common. 11.00a17.00: to fine red, = skae = ) t4 i Sajoiaisaapuntisyie ‘PP.rluel per 100 frosted, 3.00a5.! 3 g ~E The Baltimore & Ohlo operates through trains to Chicago and TWO to Louis from Washington, making direct connections with all Western lines. Telephone Main 556 and let us help you plan your trip. V. Shipley, Division P_g Homer Building, 13th & F fi. s jusgzgsgyenags HegsRRgegey Fug=feoex gy o2 . - A cigar "chuck™ fill of real qual- S e PPN I YR ALANTIORR T BarwBlansalarni Bl M huntitaniesu-REE S amm EEi ; g feegejaine g & 253238 [ W. 323 EiEgEF i ggset e 8385883080735 §255" 000 y5s Eugals-cy 9t o2 i IS il sggegassagaey foyst 2 e g SR SRS i Bl EnEisg i LBl BRunbaam o mt! 2 1 > af¥u 3 ey e o