Evening Star Newspaper, June 22, 1922, Page 29

' = FINANCIAL. - .- - THE EVENING STAR, WASHINGTON, D. C, THURSDAY, JUNE 22, 1922, FINANCIAL. 23’ ICIAL. == - e TH SRV NG B = Y A H_A_s—éfi ]HE PAGE AUTO INDUSTRY EXCEEDING g comu | Money to Loan [ Wi BUY : We Offer for Investment Boatzen's Rao, o, Becured by arat Geea ot wan | International Finance OUTPUT FOR FIRST 14 YEARS ey oseph e FUR BUI |N RM[S Sheet Mills in Cleveland Area Running New York Reserve Bank Ac- Close to Capacity—Deliveries tion May Lead Others in for Far Ahead. Rediscount. 4 BY GUY T. ROCKWELL l;llfl cool‘ wc‘lthel'unll\flal'te'l'il the fruit New Yo ol m4 8 sec! n. HECBE ‘r,rk b B::lk-ela. ::: Spdclal Dispacel to The Btar, HORTLAND, "Ore. June 21 (Spe- OXbyione, @ AT, AYE SC CLEVELAND, June 22.—~8heet mills| cfal).—Oregon cherry growers are federal reserve board of a reduction |y "o “yihoniro"valley are now run- | shipping steadily to the intermountain in s rediscount rate, it was said | o S e OTUE T8 capacity, and | States. A big “crop of loganberries today at the Treasury. However, It!p apy g are sold up well through and raspberries 1s expected by July 1. was Indicated other resorve bank® yny tnird quarter and cannot make might be expected to follow the €X- | geliveries for three to four months.| NEW YORK, June 22 (Special)— ample. of New York. The activity of the shest mills is at- [ Thera has béen an improvement in San Francisco has been reported | yiipiced to the heavy automobile pro-] DUYInNg of copper for export this and impartial inves- = Corporation Stock || Real Estate Notes || o for " Compiaiat S. SCHOOLFIELD || 9f remonsivie makers securea by ist lien . A. {| on. improved property. TO YIELD 6% Reom 310 c«:«une‘-l "?;:n Building AND 7%. Phone Main —_— PROMPT wtzn or 'mn:u % ot making any investment at any Bank of Bethesda, Md. — 7% FIRST MORTGAGE f NOTES SECURED BY FIRST DEED OF TRUST ON IMPROVED DISTRICT OF COLUMBIA ARk I AR ey, . Open at 8:30 AM. Every Banking Day . Columbia National Bank | cmet, 911 F Street wi, | IOUR attention is invited to the worthwhile invest. ment features of foreign Govemment and Municipal Bonds Among the most attrac- tive are those of NORWAY ¥ > week. Spain_was the destination of ARK 5 to be considering @ rate reduction, | guction. The Newton Steel Company |ine Tarser ot inese shipments. REAL ESTATE DENM. 4 but thus far, it was said, no definite | 1542y announced plans for an addl- —— l(l:ll'l lrll !:t; Nl:hn" . SWEDEN # advices have been rocelved from the | yion of aix mills Increasing the com- Steel. apital, there is no POVPOUIIIN ] i California bank. pany's total to sixteen. As a result of | CLEVELAND, June 22 (Special) .~ spirit of adventure 2o ASK FOR CIRCULAR' W 8 . 5 - - . { Whether borrowings would be |the increased demand for sheet and|Bolt and nut manufacturers report; under the shadow of the Denominations C leVlng u51n€Sb uccegs H stoady business and greatly reduced 5 . stimulated by lowering of the fed-|alloy steels, prices are hardening. | T0%CY, iy closely supervising United 1 100 The Cleveland Trust Company in an | OPerating costs. Treasury. o H C . 5 - et it e O rhat e o Suat eriase, ot ahas ftat i COPTCLOTD. UTH & CO. 1] Those who make full use of their bank's facili- i d ] ? automobile business declare = = s 5 5 z 5 the action of the New York hnn}(.l(z;l- May profuction of 262,000 cars exceed- | ron Steel Hoop will be bklowF |:Jw- Investment in our First 30 Pine Street New York ties quite usually achieve business success sooner lowing upon the recent rate-cut by | (i a (Gtal output of the motor in-|fore the end of the week. Lighting ||| Mortgage Notes on James M. Carter & Co., Inc. Telephone John 6214 S LT of ik the Bank lof | Englant. -wolld 1 Qustry for the fiIrst fourteen years of | of this stack will make the | proved property in the Na- 1311 H St. N.W. than individuals who do not have back of them it appear, it was sald, “reductlon®|,i, gxistence. Capacity operations are| steel.making unit to go into opera- Bon's Haie Tewn.ds wel | W. 5 cve bank were in the air. reported at the Jordan and Stearns|tion since the coal strike was de- e Sl e Tel. M. 657-658 the helpmg hand of a progressive bank. The rate of the bank of Richmond. A | clarea whieh ihcludes the District of Co- |Motor plants and the Chandler Cleveland factories are running at a T ¢ Columbia National's identification with local imbla, {8 43 per cent. and It hn: speed far in excess of last year. The Notes. . . R . . B A P T el o O onts no | Grant Company plans to double its| KANSAS CITY, June 12 (Spe- be placed in securities not commercial activities is of years' standing. s | nd cut down its rediscounts =0 output and the Winton factory ré-icjal)—W Kemper, receiver for the ubject to the sudden d . 0 bl il b & | avily that it s finding 1t opera | porte steady improvement in demand.|Kansas City, Mexico and Orient, run- s t a depositor your business problems will benefit tons vielding small profit. It would | "pgint companies here are operatingning southwest Into Mexico ' from changes and fluctuations o b e 5 e k led "t lflm Turprx_flq: [14 1}«‘- rl-:\-m':fl' Te" | at capacity and, because of the in- :;'l(‘hlln. l]\'lm.. reported lvafl:y ;hu ide industrial in- y our lcmg experience in, and intimate knowle ge 1ced also within a short time. ¢ d d a. pri ¢ raw ma- | the road ix near the point of abandon- B . The reduction of the New York | ferii(hy (eMalL RO Ty hentine and | ing mervice hecause of continued poor vestments. of, the Was}ungton field of affairs. vank wam from 41 to 4 per cent. |ifiaced oll have recorded price ad-|business. ~Employes have rejected Ou: Notas ate eepesially Dividend Declared. vances this week. l‘-’r:'a:i"""'” proposal of a wage de- Bt oot Ase . ti.fied 16 let sothe ol Mmdeting oLihe Hogrd ot dinens Southwest Wheat Crop [ HILADELPHIA June 22 (Spe; safety, liberal interest re- yo o bo :l¥ Compound Interest Paid on Savings. l mmercial Bank yesterday the reg- | Gathared at an annual conveation are turn and one hundred Er else make the interest on your money:. 9 You can open a Savings Account at F quarterly dlvidend of § per cent| Pyt at 259 000,000 Bushels | ireine™ that' " Very” man handling cent value every day in the . A . this convenient Bank with as little as an extra dividend of 1 per cent y | freight in Philadelphia should be r ot Get in the FRONT line of investment— -’:]:r:qrfld, ;;l)'nh]rl.’jlnp 3’;.611‘23‘ to BY DICK ’.VIIT“o I uh‘?d to %g ve mp);(llnl)\;uphk‘ ldl"d( | - > ’ 5 olders of record June 26. cation. s the eight agents Was further voted to transter | Special Dispateh to The Star. 22 tiar. | Clnred would nnvn:u'dmu, Josg L ”;"";"’:a{“':n eiafied assoclate xounelf with an organization §70,000 to the surplus of the bank. KANSAS CITY, June 2.—Har- | suffere hy shippers and carriers due o . Al D vesting ‘ot wheat 18"l fail swing | & dishonext methods that enables you to make 9% on your Washington's Oldest National Bank e fn Oklahoma and southern Kansasand | PITTSBURGH, June 22 (Special).— S “ Rh . e e ——— —— 3, Most matlsfactory balance Aheellgeneral trade conditions have improv- [Jones & Loughlin have forwarded wartze! y eem money. e At e A R eining | ed in consequence. It is now esti-|their last shipment of steel' from , 2k 13 MR . ekl o AL e hasa " *'"E | mated that the wheat crop of Kansas, | Pittsburgh to ail Misslssippl points 7 & Hensey co Our second semi-annual dividend at ™ T A o e i uss Nebraska, M i until Sept o st shi t 3 R i e A, JUet Mevcember a1, | Oklahoma, Nehrazke. Miasour! and |until September. ' Tho last shipment the rate of 9% per annum, payable S HORRE Worthy of Conslderatlon 1621, shows totai assets and total lia- | TOK8S WU PEACE SO0 le 000 bush- | that the steel companies would send B 727 15th Street N. W. bifities of $43.426.7 The total sur- July 1 to holders of preferred stock els for the same states last year.|NO more cargoes farther then Mem~{ 1 5 i S € In addition to the satisfaction plus of $31.351.024 was an increase of { &8 00 L (Ubhle weather has pre- | PhiS. of record June 20. has been declared fian e D e L L L vailed In the southwest, although ex- 63 Years Without Loss Phone Main 8091 given by our complete facilities and St bRl e iy Aned §5.154 375 | cossive heat d1d some damage fo the | SHOE STYLE SHOW IN JULY. | to an Investor. broad-gauge service, “Metropoli- and are now $7.07 E o . o i SEW YORK 2 i 2 * 2 2 find 1 di: : producing live stock and grain| NEW YORK, June 22—The third | = tan” depositors find in the standing It Isinteresting tn uote the PTORTesS |has helped the farmers very mate-)annual national shoe style show will { €ener mance 1 0. ) ']1 i ih o liEe tan '::rerr'id;x‘l’tfv’x"“r’m{y;r: \.;r’:’rt‘d fl‘fn._ rially. 1ah be held from July 10 to 13, lr; the Me- INCORPORATED conveyed by identi ‘Ifl on e s i William H. Lewis, state labor com- |chanics’ Ruilding. Boston.’ More than - o . at’s distinctly worthwhile. O R e e o Pt | missioner, reported today that em-three hundred exhibits of the latest National Metropolitan Bank Bldg.,, Washington, D. C. asset that's distinctly ‘ {Every banking service, also trust serv- ice; foreign exchange, travelers checks, safe deposit boxes, etc. Frank J. Davis, Director of Sales i v h loyment had returned to normal in|in shoes, leathers and findings will b ISnteat Wit of Ta0mDICIAVERS Kaneas Cits and St. Louis. The straw- | seen, and a campalgn to bave New E U [T A B L E AhaDesUDESYIo Ut IEHE borry season in southern Missourl, | Engiand-created = styles accepted W. B. & A. Dividend. which has just ended, brought to|throughout the world will be launch- . o1 g0 Directors of the Washington, Baiti- | growers of that section more than|ed. It is planned to interest Iarge Co-Operative Building more and Annapolis Electric Railroad | $2.500,000. Possibility of a railroad | buyers of shoes In several of the Company yesterday declared the reg- | strike have tended to check advances | foreign countries in styles originated Association ular quarterly dividend of 1 per cent |in the prices of ainc ore in the tri- | in New England. 3% Paid on Savings Accounts Organized in 1814 on the common stock and 1% per cent | state field, although last week the S Organized 1879 on the preferred, both pavable July 1{price advanced from $30 a ton to Directors of Booth Fisheries have 424 YEAR COMPLETED . > to Stockholders of record June 24. $32.50. iracior ot oot AL e ras 1] Ansst $6.408,825.00 t Preparing for Convention. ; ers for July 14 to pass upoh proposed Surplus -181:144.404.09 a lona e ropo an an Ereparations are being made by the Big Export Improvement finanaing. LesinnniSave = V: i e tes to the annual === e . = convention of the American Institute Reported at Seattle Port a ) 'he Safest Security on Earth Capital, Surplus & Undivided Profits Over 31?00,0000.” ' e ey BY PAUL C. HEDRICK. CITIES SERVICE SECURITIES Systematically This Every mortgage is less than 509, of the 15th St., Opposite U. S. Treasury—108 Years I vl ¢ o) 1 =3 ready market value of le property. . trom Ihis Sty ate e and Mra. Ed | Speclal Dispaten to Te Star. Bought, Sold, Quoted T3y can point to thousands who nate Booklet property 1. Absolute Safety. 2. Reliable Security. 3. Liberal Incom: of the Equitable, with wonderful re- sults. ) .—Water-borne ward J. McQuade, Mr. and Mrs. Roes| SEATTLE, June 2 E. Poilocke W. A Dexter, P 3. Gar- | commerce at tnis port for the first THOS. W. BRAH.ANY & CO. nett and George Herman. The par ve months of this year was 25 per Will Teave Washington July 8, feturns | cont greater in tonnage than for the Investment Securities Will Help Y Subscriptions for the Ll . ing about three weeks later. corresponding period of 1921, accord- 510-11 Evans Buildin 83d Issue of Stock 4. Insurance Against Loss. Discuss Millspaugh Bill A O O e L ‘Washington, D. C. & Being Recelved 5. Protection Against Depreciation. M or t ga g e S p ec lal 18 t S Meeting to discuss the merits of | a big improvement in exports so far Main 6189 the Millspaugh banking bill, the Dis- | this month. The situation as to buy- ‘ banking bill, the D! K The situation as - aeeren Shares, $2.50 Per Month trict of Columbia Bankers' Associa- |ing by retail merchants has been re- Révers Milk Prodics|Co tion in the Masonic Temple last night [ versed from what it was at the end oge 1 TOCUT 5 o oAt tommittee oo wather data | o¢ 1021 Chhere is a tendency mow | Ata rexular meetine of the board of aiee- ||| EQUITABLE BUILDING 6. Prompt Payment of Interest. 7. Repayments of Principal in Full at Maturity. That's Our Business Over a Quarter of a Cen- on the objections to the measure. The | being manifested to carry larger | fors of the Regers Mk Producty Co. held in . . Consensus, however, seemed to favor | stocks Instead of buying from hand | ii% Ofices, 23 TWest ard at. . T on Juné i | 915 F St. N.W. Choice First Mortgage Investments tury’s experience without a the bill. The committee will report | to mouth, as has been the poOliCY |at the rate nf 87 he preterred | Il JORN JOY EDSON. Prestdent $100—$250—$500—$1,000 B back to the council of administration. | so long. e Stock of tecord, June 26, 1022, "Checks will FRANK P. REESIDE, Secy. i) a loss to any investor. y Estimates made at Washington ag- a x 101 e L Joins Dollings Company. ricultural centers indicate that the W|ll'AM s P"Illlps Invest Your Funds in Our . The R. L. Dollings Company, invest- | wheat and apple crops of this state ment bankers, 15th street north- | will exceed &%.non.oou in_value, and PIGGLY WIGGLY wes®, announces the appointment of | financial requirements to harvest and COMMON E. P. Page to their Washington dis- | distribute may result in a siight trict organization. Mr. Page for soms | hardening of money rates in this sec- slo time past has represented a well | tion about August 1. known local brokerage concern. The hedvy volume of new building PER SHARE N N construction has provided Jobs for | wo pave for {mmediate sale & sman || N ARMMAN 3 toc) P Call, Phone or Write for It Realtor 1409 N. Y. Ave. NW. Main 4600 Oy First Mortgages the surplus labor here. Bullding per- i , Atlan- EEp— E— = - = C DIVIDENDS. mits issued so far this month are ,},:} ey Wy Aay larger than for any full month in the ot one of the best tor MEMBERS: Stock of Tas- llast year. Red cedar shingles are be- . Btores now in operation. 2 5 . X Ariington Mills, q. $2......June 2 July1|inE shipped through the Panama || b 1 of 18 stores. Capitalization econ rus 0 es & Co., Pick canal to gulf ports in greatly in- I SaasaISteck Rasibeusissnat fiand \ New%rkStockExchmge Jue 32 July 1]creased numbers. Unfilled domestic || Company ts tully Snenced. I you are 3 nd export lumber ordérs on the = i < N June 27 July 1| books of the western Washington and || Jou [} Tecosnise this as a real eppor. \ 1l Broadway.New York . Are Parchased by a tunlty. n¢ F g Oregon mills approximate 250,000,000 CAHILL & COMPANY Y Th N 0 l M d 7 Jupe 21 July 1 . ] anifs Sl cs2 apeme 2 707 T Eeet for, ater delvary and 0000 | | gty No. 1008, 1319 F Suest KW || N : e National Mortgage an :yune 20 July B M . t|Commodity Reports | ; Investment Corporation From Vartous Sections | eeuericaces i geners sarer. N Washington Office Albert $1.33. . Mortgage Loans Main 2100 1412 Eye St. N.W. > ne 1 E. W. Bliss Co., 1st pf, q, $1.June 22 July 1 tislng writing. ~ placing _and o il dian Cottons Co., q. $2..June 23 July 1 Hides. - managing. Thorouzhly practi- A R e LS SEATTIE, Jun5 (Brenialy e ies | ool alis M nT e patmir N COLORADO BUILDING n alr S1S No loss to o Juoe 33 July Llare firm which indicates prices will | ang, [\"ER Sretgr, of ’ any investor . $1.50. 1 July 10|Shortly be increased! Demand from | interesting and often brilliant Telephone Main 1603 \ \ Creamery Package Co.. 1 Ju13 10| Hull ana Liverpool for packer hides | writer. Designs, writes and pro- elephone in 49 = Columbia ~ Petroleum Co.., affects market here. Exporters esti-|duces onique booklets, effective (Ttmpamry Offices) Jea Shmgesndt s Juy 1|mate $00 tons of hides ars moving | folders, mallioe, cards . “wi G.B.Chipman g 'Federal Motor Truck Co. through Panama canal ftom this terri- | store displara, Record invites y R S P ® 11 PR June 30| tory to market. na® dimistutering Bodgets,Taralled. and | Manager oor dans n Gt Lates aly 14 made poy large private pristing piant. Now 5 . . . Soa Juy 1 Wool. emploed, earning §4,000. but more infereate N ert th.lS Se CHarrie Bros, pf. 4, §i Aug. 1| POCATELLO, Idaho, June 22 (SPe-|Wouls likerto hear from mome sdversiser wns | D s 1418 Eye Street, N.W. € Ior ries " cial).—The 1922 clip of wool in Utah, | needs the real abilits that comes from broad July 1)ldaho and Washington is more than | experience. Address Box 342-L, Star office. * July 1]90 per cent sold as a result many LIBERTY BOND PRICES growers are discharging their loans For $100 Bonds Today June 30| at banks. July 1 Potatoes. Int 448 . “Hamilton. Brown Shoe Co., $1.50. - of Advertisements q. $1. Mottreal e q. $1.7 Northern Central a.. RICHMOND, June 22. (Special).—| 2d 4%» . = = > Norinern ¥ 131 golid trains of Virginia potatoes are || 3d 4% . The series of advertisements on *First Mort- 2 Aug. 1|being dispatohed daily for the morth!| 4th 43w Victory 4%n . NO DEDUCTIONS MADE. Bonds Bought in All Deneminations. LIBERTY BOND EXCHANGE 604 14th St. N.W. Hours, § a.m. o 5 pm. Main 3097, and west from Cape Charlés. One| July 20| train of 100 cars has just been started to New England points. i 15 Aug. 15 15 Aug. 13| Leather. x PHILADELPHIA, June 32 (Special). 24 July 15 -Buvers have been active in the ma; 3 ket for glazed kid this week and tan- June 30 July 15| jorg are much encouraged. Neliners gage Safe, s,” which appeared in Wash- : ington newspapers during the past two months, aroused a great deal of interest among investors and resulted in an except- ionally large number of inquiries. These advertisements should be read by investor who honestly believes in SAFETY FIRST. They tell exactly what the buyer of First Mortgage Investments ought to know before investing. Freedom from Vacation Cares ONT overlook the fact that one of the best things you can take‘with you on . 81 o Pfl?ll‘tlp‘ ia_Western R. R. q. pf. $1.25.. June 30 July 15 Lumber, SRR T TR e o sy 3 Aug. 13| SEATTLE, June 22 (Spectal).—Large your vacation is a carefree mind. Here are 2 shipments of red cedar shingles are June 28 July 1|being loaded dally. One large carrier 3 loaded 2,000,000 shingles today for June 20 July 1| Galveston by way of Janama canal. ‘June 30 July 15 Btubber. S 7131 AKRON, Ohio, June 23 (Special).— June 30 July 30| Tire factories here are running at in- a few of the ways in which we can protect you against disturbing thoughts and annoy- ing experiences: In our storage vault at the Main Office or the Answers 100 pertinent questions _— | creased speed and dealers report mar- g ; SHORT-TEKM SECURITIES, K Or ires INave PimproNed Wit on trading procedure in Dupont Branch we will keepsafely any boxes, assing €0, ‘wea! r . o1 (Reported by Redmond & Co.) i:‘,,m{ S trunks or packages containing household For the convenience of those who would like New York Curb stocks. Ceal. | SEATTLE, June 22 (Special).— % | There has been no increase in the | bituminous and lignite coal to deal- iers and consurhérs in Washington. valuables that you want to protect against to have these facts in permanent form, we fire or theft. have reprinted the entire series in a booklet for free distribution. Aluminum Co. of Amer. Ta 16: American Tei. & Tel. 5 American Tel. & T T American Tobacco Co. 7x 1923.. Anaconda Copper 6 . A few topics covered: Anaconda Copper The Washington mil t pro- = from In our Trust Department we will look after AngiorAmeric ducing at Capacity becauss of slack what to expect [ s : { domana. your broker your securities, collect the interest coupons ! st —basis of investing and | and dividend checks, deposit the proceeds MCLEVELAXD, June 23 (8pectal) — trading to your account and act asyour agent inany | s otor accessories manufa i i i AT 12" [ this section are extremely busy and| | —economic value of the . other financial matters that you designate. 2 wenty- Du'Pone T 11 % T B itabie & Gy T e e tan EWAT Ork- /L In our Banking Department we will issue Goodyenr T. & K. ¥y 1931 (Farrish & Bingham, makers of —technical market Travelers’ Checks and Letters of Credit, provide you with a supply of any foreign Capital and Surplus $1,250,000 currency, send you money by gelegraph or frames, are extremely busy on orders Guif O] Corporation 7s 1933 for Ford Company. Humble Oil and Ref. 7s 1923... Kansas City Term. 6s 1923 Kennecott Copper 7s 1931 terms explained Grain. Sears, Roebuck & Co. 7s 19! Sonthwastern Bell T 162 Co. T Co. T 0. Tank r Libl MeNeil & Libby I’ T TRy e KANSAS CITY, June 23 (Special). Ask ek ol il 4 Send for this booklet now New Yok S:E';J | s-Announcement 'is Tade thet's now “In = i le, and keep funds that you will not ¢ Sears, Hoebuck & Co. 75 16 Etinnted hrs b Hosesbrat "k vestors & Traders Guide until your return in Certificates of Deposit Chicago "grain lers. at attractive rates of interest. Kait Goods. NEW YORK. June 22 (Speclal). —Some large-sized orders for under- wear for fall have come into the knit g0ods market the last few days. B‘lbrll’?l.fil are about sold up with o EHSMITHO®. ounded 873 Merchants Bank & Trust Co. “"Direct Private Wires 118 booked h % lew Yorl 'hilade a WILL ABANDON RAIL LINE. | ™" " 0 rovel S| | Pl S i ctd MAIN OFFICE DUPONT BANK FIRST MORTGAGE INVESTMENTS o o Jesued youlerday < S = BRANCH by the Interstate Commerce Commis- | SEATTLE, June 13 (Speclal).—The BALTIMORE OFFICE T, N. W. o ol o BRSO, | SRR oF S G| | 53 Enable Baing _15TH & H STREETS, N. W. DUPONT CIRCLE 14141415 EYE STREET, abandon _its ninety-nine-mile line |of canners. Unpreasdentéd dry hot from Knife river to Cascade, both in | weather reduced crop to "about halt innesots. its usual proportion. Lack of rain ‘ |