Evening Star Newspaper, May 26, 1922, Page 32

FINANCIAL. 5 s 3 FINANCIAL: THE EVENING STAR. WASHINGTON BEWEL ATTENOED E s E E B 11168 Chembaal, ..v Alied Chemiea Bt Pissd whe :flh‘&llm.n. . 49% Association Hears Reports | Am aerchemical: AmCan. . Pay- and Approves Home—More | Am Can of - _ Ee— m v July 1 n Certificates. = Money io Loan BY I A. FLEMING. : : The- District Bankers' Association met_last might in its new home, sec- #nd floor of the New Masonte Temple, “13th street front, and those present xave unqualified approval, congratus =ating the committee for ita work and on the econmy that cut previous esti- mates in two, plus. \- The condition of .the automobile! Juy 2 by fiyst deed of o resl 2 5 g L W e 2 e e North Amarioan... & NortM American pf. 1% % ‘644 Northern Pacifie. .. 1% Nova icrtla Stesl. .. &8 Ohlo Body & Blow.. 1% 1% 1% 1% Oklahoma Prod.... 3 3 % S TORMERLY INTERSTATE BLDG. 1319-1321 F St. N.W. . g ; :"qgipg Am Rumatra, 3 H FFER o 5 _trade 1 he fi al point of view | ot .. . 81 but B 1600 i ine ARl e Ut k| A S e, S My S0 Shy|Swens Do 1111 44 M Andily soarilieii o able. ... 6l ‘ ~ VR ) Offices Left nally the entire matter was referred | Am Tel & Teleg. & the annual convention for tResh- | A1 Tonacce. e Serelopment. -« .:: 2300 1 l‘t Reasonsble Rents ng out and. if possible, reaching an | e at & Kiea i (1 agreemena for the soiution of the i AT Tobacco (B). Pay %‘m 20 1% Mm & Gm vr;:‘bltms that develop. . Anmnm::l:"x;u R S 1 xc -.-rm ol 15 2 F Organized 1879 - Heward Moran, chairman of the L Pan.Am Pete (B).. 89 z ental EAR CO™PLETED {Anaconda. ... Panh § coedi andle. 04} . R A e Panhandls. . o] 1418 Eye St. 4752 YT seg08.0000 e Y v foehd e . 44 | o %y B gt committee under charge of E. J. Mc- | Atlanta Bir& Atl.. 4% (% 4% 4% [ pere Mas B im H 4 Excellent Results From Quade would develop interesting, | Atlantic Coast Line 10i. . 103% 103 1034 ""“I "!‘M" H “'3 100 Hea Mot = u Syst tic Savin, intimate points in banking during the | Atlantic Fruit Co... 4% s ekl gl I nhnm 3 e ystemal gs me allotted. e Arrow. o V. W. $paid deelined to give away :{‘,::::‘c‘g:::“' W Sort | Merceoit 7 jus 08 12| alw SO Wl Jon make up sour misd to uave the plans for the entertainment, but ‘Austin Niehols % g 2y | Blerce OiL T UK ot 108! g 2 complish more thhn ever i§ ®sgured the members that “there n Nieho Pitts Conl, 108 UK ‘of i1l 1 nctal wey. Wiil be something doing” g Austin NicholsDP.. 6% W 8 8 | pyeg sl s Y 158 a8 § o B Subseriptions for th . G. Addison, jr., announced reser- n |Pitted W R 08 sod 4 S BLme Sor e vations for 169 people, which assures | Baldwin Loco. Vit | Pond Creek S ab ak e ] 83d Issue of Stock an attendance of over 200. Balto & Ohlo. a% Rkt ) 16w =2 number of other matters were dis- | Baite & Ohio bE. S| Postum Cardal ¢ Afir Tabber i Y 10315 w o Being Revetved Cussed at the meeting and commit- ‘l:: 'P,“u‘:'f‘g'm & Am'agr Chem Fii. 12& i h 900 M '_.g iy e pimres FEGREC B 8 48 & i i s S A short discussion of “daylight” 112K | Punta Aleg: 7 TY RS g e pertiee s P o L his g ogmamsAnt seenisaar pivesecers || EQUITABLE BUILDING gaged in. 7 Rrit Km 8612 2., 9% | - a2AT é ™ n% WE A7 PREPARED To ESTIMATE OX Secretary Mellon announces in ad- [ pyive Baison. 1». .. 101% 105% 106% 108% mgw Spr 13 At co L4 tur . B AND BULLD ALL TYPES, PUBLIC AND | 9IS FSt. NW. | ‘vance a forthcoming issue of $200.000 . o1 | Ray Con Gopper. i 1 100 Gates, FPHIVATE. A 5200-000 | Biiyn Rapid Tra. .. 8% # o i3 i it il somx 3oy mDSON. Prestdene 3% per cent Treasury certificates | EXIyn Rapia To . B =y A sy & ] 1% GENERAL GARAGE CO. |l FRANK P. REESIDE. secr. ‘,’,:;“‘1’5-"'“0 1 and maturing Decem- | g trnion Gas. .. 110% 20 Ob) a3 1019 G ST. N.W. CASH OR TERNS. | Some bankers were disappolnted at|Brown8hoe....... 4% 1 Reth 5 i MAIN 4481 the rats, but in view of the general m"’::"" :g; 1 By 1 32 ease in the money market and the Lphbdiag e heavy reserves o} the federsl re: | BushTerm ot 19 gait A » b Don't take chi in- Ss¥ . coupled with the ract | Butte Copper. 84 Can vesting your savim Bat th ’cre{ft.’lr_\' of the o'l'rmxsury Butte & Superi 2 et of O " i < d re offers of $150,000,080 ut | Butterick. .. Contfal Lo ’ . 332 per cent some weeks ago. few | oo 15 Cen New Engiesd 4 ool o % B“y Fl.l‘lt familiar with conditions looked for|CaddoOMl. ..... oo e, tl ¢ any higher rate. California Pekng. 0 e sThe <Certificates are exchangeable | California Petrol... 8 for maturing certificates of June 13 | California Pete pf.. 0% and for 3% per cent victory notes dlan Pacifie. .. 14t that have been called for payment on | Gane praw Works. . at date, Payment on CasePlolw\\‘:)rks.. 5% While there will probably be an|Seniralleather heretofore have ordered liberally will | Cent RROf N J Rot be among the large subscribers | Cerre de Pasco. 4t this time. Certain-Teed. Monor E. J. MeQuade. Chandler Motor Edward J. McQuade, r(grmerly chshe | SRR RO ter of the Liberty sh-{ Chi & Alton. National Bank, was vesterday elected to a vice presidency, | Ci) & Alton pt Mr. McQuade joined George 0. W 8pn When the latter started the Lib. A Mortgage Notes —and et the added protection of our past record of not ev having a client lose as much a single penny in either principal or interest. The attending to details, such as insurance, taxes and re- mitting interest on the day due, is part of our service. Notes now on hand in de- 3 & EEE =7 SRS FEE il 321858 7 o of : - REEFF = = 33 °5F 28 LIBERTY BOND PRICES FOR $160 BONDS TONAY flong:m g:cme. Bouthern Railway I m4 Spleer Mfg Co. . ChiGreat Wostrn.. low 10% 10% 1os | Srand o of Cull Chi Great W pf. % 8% M | ganaOnNg ot 2EE g -1 g »Es_.s-i.a.,sfi.z.' T e o le il o Ve Lo Lo (ot Yoo Le e Lo T =Ki s B2 20 S 525N RESE ! 3100 Livingaton Pet. id 2 4 € o mominations of erty Savings Bank on the way to the | ChiMil&StP.. i@ 2 B gooning Produnt ¢ B Haracti on . Hy B success which the Liberty National cmmxl‘&s':Pnf. a8h G ah '4,:‘: Stewart-Wa ‘Ihn“m" fiefl”«% 1 1 ‘25'_.0 up te ‘s'“‘“ ! Chi & Northwn. c Ame rian A A ThE new wic si 5 . < Stromberg Den & R 6 im 82 700 Meridian 011 050 0 Bends Bought is All Denomisstions. ing Work, is one of : { : E ¥ 2 70 1408 56 oW, 152 graduase and ek Of which he | ¢ CC & StLad Sweats CoofAM.. 8% % 3% 3% | 27 Du Poncde Sm T%8 035 1085 107y, | 100 Mountaln Producers 168 18% 18 e ! an official of the A. I B, He i thor. | Cluett Peabody. GO Duguesne Light .. il Tosh 108% | jaoo N ngasa. Ful Fal) 923 Fifteenth Strest N.W. cughly grounded in.banking and an | Coca-Cola 694 6% 9% SN | Tenn Coppér &en 45 854 oy o 00 New Y0 e f 4 LW. able, earn effective bank official | Colo Fuel. e firlor len 4s. N k Rubber 8s. . Loan Department, Ms36 : e succeeds the late Grant W. Tay- | Columbia Gas. or. 20 14 ] 168 33 31 10 . 1001 25 Framerican 1 D 7 33 Goodsear Tire B * [ 27y | R e Columbia Graph : b o lfls Michae “alnan w Goodyesr Tire 6 sl 113 the easbiershin. o L omotedito GrRH Can et |13 119w 113g] 900 Pen Mex X | * Strength was clearly the feat * b ] ¢ y Can 6a.. {04 " 1u83 1037 | 103 Pennok O HE+3 ON' FUNDS LEFT i ! rly e ature o 4 Of ucers ;¢ = the day of the local stock Lxchange. | cons Intl Cal Min. . t o Je A fk L Lo | oo Rea Ramka OI1 i WITH THE COMPANY Business was not so very active and | cons Textile Hud & Man re &3 1y T WE EARN elie T Amount of trades were|contCan 66% 66 6% Tl StL & Wn pf o e% a 3k 101 at evest | made. nvaria y price; v <Sw ntral X and practically on' the top v SoomE | Cont Insurance.... 7K K T4% . N |TransContiOil.... 1s% 1% 18 19% « Cont el dn 8% i o e e | Com Produicia. \\0 Wi o 10" WK | Twincity Rivan.. @ B fo g | I ot TR gl e it e Com: « Thus Capital Traction 5s. at 8% | Cosden & Co. o 5 5 24 230 M 5 Bailway 45, at 7405, and Gas 58, at | Crueible Bteel. Enion O, Tnter Metro, b ctlh Jois ® @@ | NSURANOE GOSTS LESS ia the 9413, were all toppysmarks. Cuban-Am Bugar. 1RS ref 8 5 e o % Why pay meref ;Rallway preferred sold again at 70, | Cuba Cane Sugar. 76 Int Mer Mar 9T | (3000 Topon (1 and Tdnd 90 A4 a4 1647 Capital Traction at 97132973, Mer- | Cuba Cane SuBf..s 13 Internat Pa ¢ 4 3 a1 o 1 oo g, Agent senthaler at 153 and Lanston spurted | T Jawa Cencrst ref 4% | 10 Turmag - “ woIe . i to 771 ex-dividend, equal to 79 divi- | DavidsonChem. b e e e 41| 3100 venes Po o g 756 14th Street | dend on. | De Beers Mines. 17 Kelly Spr. Tice 400 Ventura g% nw A ¢ Capltal Tractlon Earnings. Dorze Mines. ... 1 Lackawa & 1 ooty ¢ ® B B (During the month of April the Cap- Du Pont (ED).... 8 lac G of &t L 30 Whades 1y . 1% tal Traction Company showed 3 1L8& M Wons s of $22,000 over the net =a:mr:‘gfa:>xt“ Eastman Kodak.. 5000 “Y* Ol & G 2 20 March, although slightly less, some | Elzc Stor Battery.. 00, than Ior the same month | Klk Horn Coal year. Total receipts were $442,- | Emerson-Brant. MINING. 1200 Alag-Rrit Col. Met. #20 Am Explor . 2000 Am Command - #, and expenses $316,069. Emerson-Brant pt Endicott-Joanson . HEAVY STEEL BUYING. | Zitucis e Lét ‘us manage tah Securiti your Rental Prop- 3 { - ¥anadium Carp. @ oK """'?.a'" : Over 5 First Mortgage lavestmeats KEEPS PR Erle 2d pf. 19 | va-Car Cheémi 3k a1 | 0 Borton &, Mot fl f erty. er a Quar Choice ODUCTION UP = | vaicar Chomp S ame| FumE AL G w m Gar ol 2y Century : $100—$250—$500—$1,000 NEW YORK, May 26.—Heavy buy- | EL2/ankscCo...... ValronCoal&C. 8 56 | 20 MKAT new'p I ssa 5 S Experience. 4 . ay ¥ _buy- | ramous Pluyers £ | VaIr C & Cokept. b H ¥ ing of steel products in current trans. | pufetp 120 slr 2L n% 2 49 MKAT new adj 58 A. 81 1A 1% actions has forced the conclusion that S G 7% | W . 4 % B F SAUL Co the présent rate of operations in lead. | Fi5K Rubber N Abash.. . ceoes MK 15 u EL O o3 2. . IR StEC] plants throaghous ih - | Freeport Taxas.... 20% 21% 20M 21% | Wabasa BE(A)..c: 31 30 30w apw| %0 2 ! s B d e mainiained bevond Gen Asohalt a% o O o | Weren: & Beiibra, b ot i # & || 1412 Eye St. NW. . : R"":hrl ain 4600 oS it T e yeaks mucord: | Gen Cigar. % T A 4 | WellsFarko Bxp.. 15 1 a | b s . Main 2100 Write for It 1409 N. Y: Ave. NW. M of the industry. Current buying, it | Gen Electrié 3 1634 165 165% | WesilPn Md....... 181 2% 12 1p s ] = i & asiertid. s oa greatcr neole thay | Gen Motors. w04 1B 1| Western MR ok a1 aw a1 | 3 . had been ecxpected in view of the ; Gen Mot 7% deb. 8 9% 95 9% | WesternFacific.... 21% 2% 21% 21%| 16 ) large contracts placed at the lower | Glidden Co. . M% 1% % 1% | Western Pac pf. 6214 61% 61 6lk & T prices of March and early April. { Geodrich. 2 4% 42 4h | WesternUnion.... 91% o ok 1| & Since some stecl producers,” ne | Qeenpy Consel 8% MW 84% | Western Elec pfd. 100% 100% 1008 lopts| 45 . review says. “uotably the Steei Cor- | QULS Davib.. e 14 AT 1T (wWesthse E&M.... 624 a2 €4 | 4T R0 ivied* e operations whh oS to Inerénse | Great Northara pf.. 76% 1% W % | Westhse lstpf.... 72 13 7 70 5 el SEI1 going on. the Aurry of aeoteciies | Great Nor OFt..... 4% 4% @K 40%|Wheeling &L 1Bl % 1% 45 buying 1s_diminishing but. demanq |Gitene-Candfiea... 89 33 B 33 |Wheellng & LEp 20% 2i% a4 50 | by = keeps up dnd in some directlons It 1s 124 W 1% | White Eagle Refin. 264 » i 0 uegent. “The corporation, With the fe- | Guif Btates Stédl..: 84% 8% 8% 8% | white Motor o e |18 . 1 m‘lmplunra at its Mingo and }"‘r{:h s cdble s 8 wm:e ?fl. [ Py s i plants, is on a 75 per cent bas!s this r8ha'y o Wickwire 1% 1% | 8 9 ‘week. The fact that actual specifica- | Hartman Corp . 8% 81% 874 \yilson Compan; i 1 3 T e e s R Wilson Company-” & 4 ln wn| 1 i & our Damnkimn yeeds . and structural mills in the Chicago, { Hupp Moters Willys-Ovld % U% an o | mn-y 3 3 : ttsburgh and Youngstown districts | Hydraulic Bles! ain C - it : B! 5 well into the third quarter and the Wisconsin Central.. 3y 9% #y sk 1 in Y fpn Ty e S i S0 i unwillingness of mott producers (o ! piiinots Contral :o{fi;I‘nA(lnn SaplsLn uou ;F ¢ e i ‘fi‘fi‘t‘n . LY —are never quite the same as your neighbor’s. The | sell foF definite delivery in that quar- 3 Vrig] €ro......, =W g pan., 1 E 3 . 2 3 3 N i i fer ereaic a situstion in which prices | nqien ReAnli in g 3 1 TR banking service that you require might not suit him, j rend upward.” - 21 21 > . o v 5 May 26— {inspiration. Call Money. 2 P k3 k) & 1 s 5 i 8. i eade Retiow saye “Underiyimg Lo | interboro Metre. .\, ‘1A Tk : 2 (§ M Hiewa o nor would his wishes go along with yotrs ' dftlons in iton and steel show con. | Interboro Met pf &N B% 4% B (HOURLY SALES OF STOCKS . | 10 Peot! 1800 Totio LI ¢ > | tinuing strength. comsumption. as | Intl ASTIChempl.. 4% 4ih 41% 41%| 1tam. (8 55 1% 18 : FEYEC s i i measured by heavy demands on pro- | It Cement ...... 3 3T 6% 41 1pm, 3 oo R a4 o The American Security has planned its organiza- { detions. =1l Cxranding. With most | iot Combusth En.. #3414 o4 35k S heutiond Wl et b e i ?u e a : A its sokitie with 8 view to rendering avery : i 1 ac ily b f vester. . ty ol . 4 ¥ v 2 il Mecks ahcad and fariher inovense of | ot e Marine.... 21w # 2| NEW YORK RESERVE BANX. | 3% S 1 ks i Fast it} _ga tion anq its s g 7 1 gperations recarded by ncertainty of | yne Mer Marinepf. 84 W @ Wh| Npw YORK, May h-Tme stats. éi{‘"' fls i S‘i&.’. el - customer, whatever the nature or the volume of his i the coal strike, thé problem of meet- | rar) Niekel.:. LI tent of condition of the federal re- 8i [ Yolcano o £ £ 5 ; s - . I8 SDligations for matétial is pers- lra Paper. sy Btk MLSoMN| Ly bank of Naw Yotk at the close| J Bt I 24 on Weat Fad (I e U business, précisely the service he requires. .?r:'usi This i regarded as n,}:’.}'.',“fi'r‘;’:fl:"'.".. 30 W% W fn|ot bustness May 24, shows: }!::"‘ bl b 1200 Yukon dold . 4 : . healthy sign, as producers are hold- | i€ 1 gold reserves, $1,162,900,129.09, 1 /i i BT e mole: | ismna olt:- 1 1% 1% 1% Total go 1990, seai 2 2 BoNDA. 8 . - 5 e kfiow H arate ditery Ardore e e S ww as| Total reserves, SL1STO98SBARN. | .55 Siaela Rk L e P We warit to know your banking needs. We ktiow { { Jones Tea.. Wh 4% [ment war ol ons, fo! 4| 28 [ . y . s 858,192.59. ! 10 Am ; : Kansas City Boi sou x| VA1) Gitteta pagan0.0snas, | of KR mx| A i I ; , DRY GOODS TONE SOFT. |KarsesSi oo b el iy BelEnt in open marker, 521, | I 20k B ‘mil 14 158 188 {h s == e ra yeer (Julius “% a% A . e . ies i ( NEW YORK. May 26 (Special).— | el tpring Tir 10 | ROT8|'DiNis an hand, $300RREMGs - | - Bt on QAL e 3 2 At o5 .8 21 Every Banking Servic : zullngs in the market for cotton Kexuflr‘nuh l::“ lfiu hoollested 9102,346,950,94. | xg it Afi'fi.fl' gl,l. @ § Beth 05 ot % oths is Commencing to slacken for | Kenheeott.... Due to members, reserve account, . > 4 fi ; -+ ihe Roliday, as many houses will ‘oe | Keystond Tits 1w 21 | 4758540868, [ 8RR e ST B sy ok | 3 B ity ity iy 104 & e Closed mext Monday as well as Tues: | Krasge (85)...... oW 10w 1ok 160 | *'Total deposite, §178,040,093.07. o 5"’"&‘.2‘;;‘. ot o Federat 1087 108 ¢ COMMERCIAL 399 o savincs day, and traders were not ansious to 2 resetve Hotes i actual cir- 108 maKke commitments over that period.) Lackawanna Steel. 76% M4 76% | .yjation, ;;",“‘..“. 1 1% ¢ “.The tone of the market for print|LakeErie&W..... 21% 2% 21% 25%| Hation of totdl reservés to déposit o it cloths was a trifle softer, although | Lake Erie& WDf.. 40% 4% 40 % |and federal reserve notes, liabilities by quotations were = not materially | ee Tire & Rubber.. s3m. 3% 3% 33% | combined, 85.2 per cent. changéd. * “Several large sheéting | Lekixh Valley.. 61 2= =20 i St er ;2 £ 5! "% 1 8 2 9 5 6 : ~ : mantfacturcrs are sold tp until Aus M L Wi HPTT BAS 7 l: !a l 9 2 i ust. " Some. business was qone. i | LIECCtt A MISES o 1000 Mo in hin| MAXWELL EARNINGS UP. $ 1o TRUST : pajama checks and twills and single [\, Tocopt. 1% 1 N 11 | NEWV YORK, May 26.—During April| 5% virsiah Ry Os:... OA%. 95% 98 | 124 06| fliing duck showed some improve- o wom k. 18% = 25 Wb st 58 v7% o | & WY | .Sl Losws s 16% | net earnings of the Maxwell Motor Cor- | § Wabssl Iat 5 o kSl e - The silkc market, failed to respond s Wi W s s | Doration, stist_intersat and. chagen;| ug| 3 104 | to thée higher toné in bfiental mars fasd. axceeded ,000, according to officinl ' Kets with any ureat volume of tead. LouisaNash..... 10 1y hs i H fmunlL“ S d Iui‘- company i '5, fim ing, &8 many manufacturers have . s “no_ltitention of making public its 5 -85 ?‘h';‘ _their requirements through ‘mc:;r:e:;‘-‘-‘i- :’0 :‘: .‘:Vi fi Saviinahteacn mnntl:’ but :‘h:pz ur;m:-_ 15038 & l ane. o Maek Truc - count -of recent readjustment and re- fi ! fas o o L | Meaitinson @ CO:.c.. 81 810 0% SIW| habhitation of th y'8 finantes i WL 100% | o t0dny were $15, 71,000, i ' & x3 ti Sugal. ... 08 6% and management, “an exception is peére PRAIRIE PIPE LINE'S NET. I::::.nn EiecSup 18 8 @ M |haps due at this tme, (ndicative of re- | NEW YORK, May 26.—Prairie Pipe | Manbatten Elev.... 5% §3% 8% . 83X | sults accomplished. mand for' the Line, which did not issue a repnl:l Manhattan Shirt. $8's $8% 8% Bl | Company’s product, he 8ald, -cohtlmues 1 Market StRy 2nd.. 2:4 2K 274 23 | StronE. 000 previous day ai Tths. National icme 15th and Penna. Ave. BrmmDeanltil National Leather 8a. . for 1930, has’ published a statement 4 T S, A NN H & Hart 7 0 i Mariand Ol T : 3 | WEYNH AN v : #ing the year ended . Decemb: < 3 May 26.—Jolnt aetivg by ips : o i 33,1631, showing_total. incume ot | Mathisonarhii.io: sn s sew spe| SILVERWARESELLS WELL |0 n etutior | 5 PR (e 1 1B |- ', HOME SAVINGS BRANCHES CAPITAL AND SURPLUS : . May 36.~Dej Prod FREAL % 5 3; ne; 1:217;2 l::l("x :h:sr:;; uu-:}“ N ::“ 'lu g‘ PRI dring {:,’“.e ,:,?.“{:,‘.‘ ¢ ndy w #ed at thal 1 Bober: Gale 7o 5 X - ... 7th and Mass. Ave. $5,400,000.00 % » o lar L. T - Roeb ¢ = " - ~ « share on outatanding capital stock. | MelntzTelered. .. 104 Iné. A A certain amount of silverwirs Baying ¢ pala by the thdustfy fn| 1 Seam i t ~ . 8th and H Sts. N.E. Safety Deposit Boxes T e et exsuings o 311~ | Miami Copper..... % 0% % soy | 1of 188,28 FOCGNE BULS CONE TS, { 1031, as contpa 3t the present vear| TR 8¢ ~wt 436 7th St. SW. at Low Yearly Rentals 505,561 over the Iast thres years, or | Middle StatesOll. .« 36 1. M% ! mory extonsive his yéar, Beat ol | Ghov gmr o, atiributed to| & Stan O'N ¥ A , R A B N T e oy o R S olin St T A complars s | lessened Shien and lower prices. 3 Btowsst Waraer e ! : i yaar, - Yearly dividends amount- ] : Bewast W 340,000 1y since 1918, of table utensils is made in this ware T e 3.,.,, i - LA e R AT and has sold well. Buring of silvers| Baldwin Locomotive has declared ita 14 G lr& thr¥e years increased $18.100,419 K} ,387. n 1916-1917 the com- T T o i ver - “eup o weight ?'I?:t ‘Dutch 'Ifi.'. al Wnl:m:g,fl&