Evening Star Newspaper, July 1, 1922, Page 12

v @ been seriously FINANCIAL STOCKS ARE FIRM TRADING IS SMALL Rail Shares Hold Their Own. General Motors Active and Higher. BY STUART P. WEST. W YORK, July 1—The princi- pal point of interest in the market today was the attitude which Wall strest was to take toward the rail- way strike news. Had an eleventh-hour settlement counted upon, the failure to prevent the walkout of the shopmen might have had an adverse effect. But as it was, not even the railway shares showed the least concern. A number of industrial specialties were bid up for reasons relating to their individual properties. Railway stocks merely hung fire, with little change either way, but with more gains than losses. As was o be expected with the holiday for many of the Wall street regulars al- ready begun, business was very small. Conatdered Bad Move. The conviction that the shopmen's strike would amount to little was strengthened by the action of the union heads in refusing to come into Friday's_conference with the labor ‘board. From a labor standpoint, this was regarded in Wall street circles as an exceedingly bad move. The market for the railway shares continued to treat the strike news rather lightly. It still took the view that the shopmen's walkout would <not tle up railway service, and that . when this was established in the + minds of the strikers, their resistance would gradually weaken. Very little happened one way or another in the railway list. Prices hung around Friday's closing level most of the time. but the changes oc- curring were almost all on the side of advance. Union Pacific at 140 again. Pensylvania more active, with an obvious upward tendency, and Atchi- £0n once more selling at par, were some of the more notable features of the rall group. Ship and Commerce. American Ship and Commerce con- tinued to respond to the $25 extra di- vident on Cramp Shipbuilding stock, of which it owns the major part. In- asmuch as this $25 {s the equivalent of over $4 a share on Ship and Com- merce, talk of a dividend on the latter has already started. There was some significant buying again in Iron Prod- uet, tor stocks were not affected by the possibility of further moderate price cuts. Buving of General Motors common was again noticeable, carry- ing the stock above 14. The Close. * The market closed steady, but very quiet, aside from the heavy trading in General Motors. This stock left off at the best of the day. Some of the other motors were sym- pathetically strong in the late deal- ings, but Studebaker came down rather sharply. As compared with other days oil shares attracted little attention, but Standard Oil of California was an ex- ception, running up sharply toward the end. —_— U. S. EXPORTS TO EUROPE THE EVENING STAR, WASHINGTON, D. ©., SAYURDAY, JULY 1, 1922. |T'NEW YoRrk stock EXCHANGE |N. Y. Curb Market|[ov xzv vorx BONIDS e memavz] Recei'7ed by Private Wire Direct to The Star Office R R ————— Ajax Rubber. Alaska Gold. Allied Chemical. Am Can. ‘Am Chic] Am Cotton Ou Amlce..... ‘Am International Am La France. ‘Am Locomotive ‘Am Safety Razor. Am Ship & Com Am Smelting. Am Sugar pf. Am Sumatra. Am Tel & Teleg. Am Tobacco. . Am Tobacco (B).. 138 Am Tobacco pf (n) 101% Am Water Wks... 16 Am W Wks 6% pf. 38% 86 07 Am W Wks 7% pt. Atlantic Fruit Co. Atlantic Gulf. Austin Nichol: Beth Steel (B).... 176 Booth Fisherles. ... 17 Brit Em Stl 2d pf. 0% Bklyn Rapid Trn. .. 28% Bkiyn Rap Trctfs.. 24% Burns Bros (A)... 128% Butte Copper. . 6% Butte & Superior... 28 California Petrol... 61% Callahan Zinc. 84 Canadian Pacific. . 133% Cerro de Pasco. Chandler Motor Ches & Ohio Chi & Alton. C & EII (n Chi & EIll pf (n) * Chi Great Westrn Chi Great W pf. Chi MII &St P... ChiMil &8t Pptf... % Chi & Northwn. 'uu Chi R1 & Pacific. CStP M & Omaha !fli Chile Copper 20% Coca-Cola. . Cons Gas of Cons Textile. Corn Products, Cosden & Co Crucible Steel ke Cuba Cane Sugar. 16 Cuban-Am Sugar... 28% Cuba Cane S pf. u Del & Hudson. Dome Mines Dupont (E. L Dupont debentu Eastman Kodak.. Electric Stor Bat. Emerson Brant pf u'/. 81 'mv, Er\e Tst y! Fairbanks Co. Famous Players. 80% Fisher Bof Opf. Fisk Rubber. . Freeport Texas. Gen Asphalt. .. Gen Motors. ... Gen Mot 7% deb. ... 9 Glidden. 13% Goodrich cee. B9% Granby Consol.... 29 Great Northern pf.. Ti% Great Nor Ore. ... 38% FALL OFF DURING MAY Shipments to South America, How- ever, Hold Their Own—Im- ports Show Increase. ‘Exports to Europe fell off during May as compared with the same month a year ago, while shipments to South America held their own, ac- cording to forelgn trade reports is- sued today by the Commerce Depart- ment. Imports, however, from both continents increased. Exports to Europe during May ag- gregated $169,000,000, compared with $177,000.000 during May a year ago. Imports amounted to $74,000,000, agalnst $61.000,000 in May, 1921. For the eleven months ended with May exports to Europe totaled $1,880,- ©00,000, against $3,230,000,000 during the corresponding months of 1921 Imports aggregated $754,000,000, com- red with $883.000.000 during the same period a year ago. Exports to South America for May aggregated $18,000,000, compared with $18,000,000 in May, 1921. Imports totaled $33,000,000, against $23,000,- 000 during the same month last yea: For the eleven months' period ex- Guantanamo Bugar 11% Gulf States Steel... 76% Hendee Mfg. Houston Oil. Hudson Motors. .. 21 ‘Hupp Motors. 1 Ilinols Central 106 Indiahoma. . % Inspiration. ... 9% Interboro Metro 1% Interboro Met pf... 3% Intl Agri Chem pf.. 30% Intl Combustion E. 28 1Intl Mer Marine pf. 72 Intl Nickel. . 16% Invincible Oll. 15 Iron Products 2% Island Oll. . K] Kansas City Sou... 2% ‘Kansas & Gulf Co 4% Kayser (J) 40 Kelly-Spring Tire.. % Kennecott. . 33% Keystone Tire 15% Kresge (S8). 138% Lake Erle & W pf.. 62 Lehign Valley..... 6% Mack Truck.....s 82 Mallinson & Co. A% ports to South America aggregated $170,000,000, compared with $506,000,- 000 during the corresponding period of 1921. Imports totaled $260,000,000, against $466,000,000 during the eleven months ended May, 1921 WALL STREET NOTES. Production of H. H. Franklin Manu- facturing Company for June fis re- ported as 50 per cent greater than in any previous June. Practically the intire output up to August 1 has been Production of crude oll for week pnded June 17 averaged 1,445.700 bar- rels dally, a decrease of 13,400 dally rom the previous week, American etroleum Institute reports. Okla- oma’'s daily production is estimated Pte 6.000 barrels less than previous ek. It is announced the books have been closed on the Chicago, Milwaukee & 2St. Paul equipment trust certificate: bonds hL‘In‘ been heavily ove subscribe President Lynn_ announces that name of the West Penn Traction and ‘Water Power Company has been changed to West Penn Company, ef- fective June 21. Payment for nb-crlm.lonl to the Tllinols Central preferred stock, series A, 1s due next Monday. Imports of crude and refined ofls at the principal United States ports for th.lw‘eek ended June 17 totaled 2, barrels, against 2,896,212 in the previous week. That negotiations will be reopened for the inalusion of Brier Hili Steel in the independent mteel merger, when the three-company consolidation gets under way, is the belief in Youngs- town. American Sumatra Tobacco mee ing to consider sale of company’ t to subscribe to common stock Consolidated Cligar and to ratify 2pproval of offering was adjourned to Thursday. The Maple Leaf Milling has de- clared a quarterly dividend of 2 per cent on common ud regular quarterly numn: 1% _per cent on preferred, b p-.vlblo July 18. Leather stocks are benefiting from the substantial improvement which is moted in the leather industry gen- For instance, New England manufacturers are apparently convinoed that lesther has seen its Jow prices, and thcn has been a good 'ement in lemand for all even including upper leather, ‘which been almost stagnant for two years. ‘There has been no n no let-down in the peroager market oline , and keresens and, d-plu "f er prices for both, anmounced earlier {n the ‘week, demand is uu. The stook 1‘ board of ernorp denied a petition of mem] for an extra hollday Monday Xndop-nflonec day. kerosene guso] ‘means an annual increase of .loo 000 in prvlltl to the company. Manhat Elec Sup.. 4k Marland Oil. . Marlin-Rockwell. Martin-Parry. Maxwell (A) . Maxwell (B) .. May Dept Stores. Mexican Pete. Middle States Oil.. Midvale Steel. . Minn & 8t L (n) Montana Power. Montgomery Ward. m Natl Acme. . Natl Biscuit N Y Central. . NYChi&StL. 2% 4% North American p! &% Northern Pacific. .. % North American. .. Oklahoma Prod. Otis Steel.... Pac Development. Pac Gas & Eleo. Pacific Oll.. . Pan-Amer Pete. Pan-Am Pete (B) % % 5% ™ Pennsylvs Penn Seabd Btall .. Pere Marquetts. Reading. Rep Iron & ‘Steel Rep Iron & Stl pf. Reynolds Springs. & Royal Dutch St Joseph Lead. St Louis Sown pf. Santa Cecilia Sugar ¢ Saxon Motors. 3% Sinclair Ojl. Southern Rallway.. B8% Southern Ry pf. Spicer Mg Co. ... Stand Oil of Caiif. Texas Com] United Fruit. United Retail Strs, U 8 Cast Ir Pipe. .. U S Hoffman Mch. 2523388 ] 3P=5-3553:"2 B=gfase gesivngy - §ERjgougug.gy ses3zs =aeayss-g5y 176% 13% 17% 3 % §55333 335 H EEELELERERLLT B HIRF R LU TR g=g§a§e i""*ii ~g§EEgErasn;.5 36533y =§§=s=é-;ss§;§;3=§s~ h 5% | Webber & Heilbrn Open. High. Low. Close. 633 & 9% 9% 63% 63% “% 0% © Utah Copper. ‘Vanadium Corp. ... ‘Va-Car Chemical. ValronCoal &C.. Western Md. Western Md 2d Western Pacific. Western Pac pf. Western Union. ... Westhse Air Brke. . Westhse E& M..... Wheeling & L E. Wheeling & L E pf. White Eagle Oil.. White Motor. . White Ofl. Wickwire Spencer. . Willys-Overland. ... ‘Worthington Pmp.. % HOURLY SALES OF STOCKS. 1lam.. .1M400 12m. .. 238 800 BOND LIST SLOW AT STEADY PRICES NEW YORK, July 1—In today's short bond session prices were firm, but the trading was very dull. The changes were unimportant. Some fresh buying came into Mexican government 4s an 5s on the news from Tampico that the reports of the kid- naping of Americans were false. This seemed to do away with the fear that it might become necessary to send American warships down to that section, United Kingdom issues were slightly higher, French republics were steady and there were fractional advances in such issues as the City of Bern Ss, Sao Paulo 8s and Rlo de Jane'ro 8s. United States government bonds were comparatively active and strong. Steel 5s Higher. In the corporate list, United States Steel sinking fund fs gained a half point, Brooklyn Edison 6s touched 102, Consolidated Gas 7s were above Friday's highest point and Cerro de Pasco 8s advanced. Brooklyn Rapid Transit 7 per cent certificates were up, while Interboro refunding 5s worked lower. Railway bonds scarcely moved one way or the other as a group, although there were higher quotations for such issues as Southern Pacific refunding and 4s of 1925, and Oregon Short Line 4s. . % Canndians Active. Toward the end of the week the New York market for Canadian pro- vinelal bonds became ac and strong, following a few days of com- parative dullness. The demand was most noticeable for high-grade issues. The turn for the better was due to the sagging off of Canadian exchange and to the realization, dealers say, that a number of bonds are at at- tractive levels. Manitoba s of 1925 were 100% bid, offered at 101%; the 68 of 1930 were 1014 bid, offered at 102, and the 6s of 1946 were 105% bid, offered at 106%%. Ontarlo 69 of 1923 were 100% bid, offered at 100%; the 63 of 1930 were 101% bid. offered at 102, and the 6s of 1943 were 1063 bid, offered at 106%. ‘WEEKLY TRADE REVIEW. NEW YORK, July 1.—Dun's Weekly Review of Trade say “The half year just ended brought a distinct advance in business, with most of the gain in confidence and actual transactions achieved during the second quamer. Unsettled labor conditions in some industries have long been a detriment, curtailing ope- rations and enhancing costs of pro- ductfon, and the threatened railroad strike ' increased uncertainty this week. Despite various drawbacks, however, recovery from previous de- pression has been substantial, if highly irregular, and many interests will be more active this summer than was anticipated. Interruptions from inventories and vacations will be ex- perienced, as usual, but there is clear- ly more work to be done this vear and shutdowns will be less general and extended. “A new and rather unexpected phase has arisen with the more frequent re- ports of labor scarcity in certaln 1ines. the steel industry among them. and competitive bidding for workers 1s heard of in isolated instances. “Weekly bank clearances, $5,664,- 181,000. T. & P. NET SHOWS DECLINE. NEW YORK, June 30.—Texas and Pacific’'s report for 1921 shows net income of $2,740,723 after charges and taxes, equal, after allowing for 5 per cent interest requirements on its second mortgage income bonds, to $3.89 a share on the company's $38,- 755,110 capital stock. In 1920 the company reported net corporate in- come of $2,951,914, or $4.43 a share on stock. TO CLOSE FOR HOLIDAYS. Monday as well as Tuesday (the Fourth of July) will be a legal holi- day in Maryland and, with the excep- tion of firms whick are on the New York Stock Exchange, practically all banking institutions in Baltimore will be closed. The Stock Exchange mem- bers will keep open only their stock departments. FINANCIAL NOTES. Receipts of Punta Allegre Sugar, for year ending May 31, are estimated at $5,688,000. After deducting interest and depreciation and making inven- tory adjustment, net profits for year were $46,000, as egainst a deficit of $2,843,290 in previous year. Lehigh Coal and Navigation has de- clared {its regular 2 per cent guar- terly dividend, payable August 31 to stock of record July 31. The coffee and sugar exchange has voted to remain closed July 3. There is a shortage of Pennsyl- vania neutral ofl from which high- grade auto lubricating oll is made, and independent refiners are paying premiums as high as 50 cents a bar- rel for Pennsylvania crude. Fisher Body will begin its third quarter with a record volume of busi- ness on its books and output for at least two months will be at capacity. ‘This probably will continue through- out the year. ‘This spring has been a poor season for hatters, in the opinion of a well known retailer of men's headwear. Cold - weather last month and the rainy Saturdays were the principal causes of restricted consumption. Bplit sennits in wide weaves and Leg- horns among the light hats have been most popular. All light shades in felt mdl are expected to be active this 2 The price is still the principal con- sideration among the customers of a milliner. He says the changes in pop- ularity of colors in women’s hats this year have been unusually numerous and quick. Black-and-white combi- nations at present are the strongest. He expects all shades of brown to be -cltllva by the late summer or early Photographio supply business is as ®00d as it was last year, which was & big year. Taking into account a )rlu- reduction from 15 to 20 per cent, & considerable increase in turn- over ig seen. ‘Business has a better 8rip; it is more stable; we don’t hear ys one dealer. selling well, with a good call lar the better grades. Floor-covering business is good. “The last two months have been by far the best May-and June we have ever seen,” said a dealer, “but pro- duction is from 25 to 40 per cent be- low what it should be because of la- bor troubles.” The season is finished for summer goods, but an early de- mand for the heavy-weight carpets and rugs is expected. (Quotations furnished by the Associated Press) INDUSTRIALS. thous. High. Low. Close. 1108 Acme Coal .. 98" 108 7000 Acme Packing . 48 44 48 300 Amer. Drug Btoi 2 2 2 200 Am R D 7 B! 7 Am Metal... 46 45% 46 300 Am Metal 107 108% 107 Am. T 11* 68" .68 4% 4% tor Dublier Con & Radio 1500 1000 Durant Motors Ind. 141 1 300 GII 16 16 10 21 5 100 G 7 7 7 10000 Huyes Wheel 80" 299 204 400 Inter Carbon 12 1215 200 49 50% 1500 4% 45 "l"' 3 Bl 53 28" % oo B4 B8 100 4 4 200 Te 141 14, 600 B5 Y b8 200 g T8 100 Tob Prod Bxports.. 8 6 @ 100 Willys Corp st pf. 21% 213 21 STANDARD OILS. 1300 Anglo-American Oll 21 20% 20 400 Atlantie Lobos 9% 9% 9 10 Buckeys Pipe Line:. 98 95 300 Cumb P_L 140 180 140 200 Galena Signal 57 56 58 50 Imperial Oil, C-n 1143 114% 114% 10 Indiana Pipe Line.. 91 91 91 10 South Penn OIl.... 220 220 220 6800 Stan Ol of Ind 1081 l(lflz: 106 200 Stan Ofl Ken, new. 933 93} 98% INDEPENDENT OILS. 200 Alean OI1 . % % l(lfli Allied 01l 04 200 Arkansas % 10% 10% 10100 Boston 87 8T 300 Carib Syndicate % T% 40 Cities e 0! 220 600 Citles Ber “B' ctfs 221, 21 21% 600 Creole Syndicate. 28 2! 21 6000 Engineers’ Pet 33 32 .82 200 Equity P P! 13% 14 9000 Federal Oi 1 14 500 Fensland Ol B 18 400 Gilliland O11 . 4% 5 Hudson 0il 22 ) Pennok 5 1 100 Ryan -.mmna-m 7 7 iy 2700 Bkelly 011 107 104 600 South St 13% 18% 3000 Stanton O 35 5000 Texon ONl & Land w B9 59 100 Ventura 31y 31y 100 Wilcox Ofi " K 5! 5% MINING. 800 Alas-Brit Col Mo 3 2% 600 Am BExplorati 2% 28 500 Big Ledge.. [ E S T T Bos & Mont Gon... 88 .78 .83 400 Cons Ovy B 58 0 Cortes Sitver 1 1 500 Cresson Gold 2 2 40 Mother Lode elt. 5000 National Tin W New Dominion . 500 Nipising . 5 0 Ray Hercnl 1% 11 5000 a8 43 ay 100 Tonopal " Divide. 8 8 98 2200 United Pastern. W 1% 1% BONDS, 1 Am Cotton Oil fs... 96% 98% 98% 9 Am Tel & Tel Gs 24, 10133 101% 8 Anaconda Copper Ga: 1018 1014 101% 8 Anaconda Cop 75 0 T Angloamer ou 7 108 % Armour & X Bkiyn Un re & Co Tigs. Jeneral Asphalt Goodrich Tire T rand Trunk 61 shey Co. R T 10 St 0il N Y & 10 Stewart —_— TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) e.—— Bid Asked. 5128 August 1, 1922. . 100 1008-i8 415 Beptember 15, 1! 1008-16 100 3173 Sebtember 15, 1025 100 11-62 100 38.82 8158 Octover 16, 1922 00332 3i3s December 13, 1 00 116 4145 December 13, 1922 41s March 15, 1623. 3 s June 15,1923 . 100 382 5% June 15, 1924, £ 10215.16 108116 5145 September 15, 1924.... io21316 10z 1516 : 1 44,5 March 15, 1925 43s December ' 15, 3 6 100 43(s March 1! 161 1506 109 116 —_—— BHORT-TERM SECURITIES. (Reported by Bedmond & Co.) 01 9-16 1 —Close.— Bid. Offer. Aluminum Co. of Amer, 7s 1925. 108% 1033 American Tel. & Tel 6s 1922.. 1004 100, American Tel. & Tel. 8o 1034, 1018 10y American Tobacco Co. 7s 1923.] 1028 102 Anaconda Copper 68 1929. 1004 100t Anaconda Copper 7s_1! 08 108 Anglo-American Ofl 7T} 1935 1081 103 Armour & Co. 7s 1930 04 Atiantic Ref. 6143 193] 108: Bethlehem Steel 78 1028 1044 10833 9: l01% 1018 100% 1004, 1 1013 Cons. Gas of 14 1143 Copper Export 102% 108 Qopper Export 108% 104% Cudahy P-mu Co. s 19 101% 101 Du Pont 7%s 108 071 10734 B. F. Goodrich 78 1025 1083 Goodyear T. & R. 88 1081, 10134 Gult Oil Corpn. 7s 1988. 04 104% Stumble Off & Ret. Ta 1938..... 100% 101 Kansas City Term. ds 1023 101 101% Kennecatt Copper 78 1930. 104% 104% Libby, MeNel] & leby 'l 29 M. 5P as MO 102 N Shon Genteal 10 1 105, Procter & Gamble 7a 1928, 101 Sears, Rosbuck & Co. Te 1922.. 1001 Bears, Roebuck & Co. 78,19 101! Southwestern s 102 ft & Co. 78 1925, a7 102% 101 108 108 108 108 WOOL MARKET REVIEW. BOSTON, July 1—The (Xymm.fch,l Bulletin's report of wool “The wool market has been quieter this week, but values are generally steady, especially on standard wools. Some business is reported in new ter- ritory wools on grades running three- el and above at unchanged rates. Some wools in bond also have been sold at steady rates. “In the west desultory buying is reported on the lower basis of Timita given the buyers two weeks ago. The manufacturers are getting' ready for the new goods season and are buying only moderately at the moment. Little apprehension over the railroad strike is felt. ‘orelgn markets are fairly steady on the basis of closing nu- at Lon- don.” BIGGEST FLOW IN YEARS. OIL CITY, Pa., July 1.—The Clinger well, near Tidloute, during the first twenty-four hgurs after it was.drilled deeper, produced 700 barrels of oil. This producer is the largest completed east of the Mississippi river in many weeks and the largest in the old flelds of northwestern Pennsylvania in twenty years. COTTONSEED OIL STRONG. NEW YORK, July 1.—Cottonseed 'oil closed steady. Prime summer yellow, 11.00 bid; p! mo crude, unquoted. July, 11 10; August, 11 thb‘r. 11. )l, b-r. 10.63; November, 9.83; Dece: 9.30; January, 9.18: Fehr\mry “Total ‘sal “»S.DW barrels. her 9.18. | Chinese Govt Ry 5s. £ | Con Coal Md 15t Received by Private Wire Direct to The Star Office. UNITED STATES WAR BONDS. High. Low. Close. Liberty 834s, 198247.... 10010 10008 10008 Liberty 1at 43(s 1032-47.. 10030 10016 10024 Iberty 2d 48 192742.. 10008 10002 10004 Liberty 3d 4345 1925..... 10014 10004 10008 Liberty 4th 43s 1933-88. 10034 10026 10032 Victory 4%s 192223..... 10080 10045 10048 FOREIGN GOVERNMENT, STATE AND MUNICIPAL. Argentine 7s. . Belglum 7%s 107% 106% 108% Belgium 8s. .. 106% 105% 106% Berne 8s. 109 109 109 Bolivia 88 w | 00 100 101 Bordeaux 6s 84 84 B ! Brazil 78 96% 96% 96% Brazil 8s. Canada 55 1926 Canada 5819532 Chile 85 1946. Chile 85 1926. Chile 851941, Copenhagen 5% s Czechoslovakia 8s. Denmark 6s. . Dutch East Ind 68 Dutch EIsf 6s'62. French Govt 8s. French Govt T34s. Japanese Ist 41s. Japanese 2d 41¢s. Japanese 4s Mexico bs. . Mexico bs large Mexico 4s..... Netherlands 6s Norway 8s... Queensland 6s. Rio de Janeiro 8srects. . 101% 101% 101% Sao Paulo, State of, 85.. 101% 101% 101% Seine, Dept of, 75 Ll ke %% Soissons 6s. . B B2 82% Sweden 6s. . 101% 1014 101% Swiss Confed s f 8s. 8% 119% 119% Tokio 58 Utd King Utd Kingdom 51.8°29. .. 108% Utd Kingdom 5145'37. .. 104% MISCELLANEOUS. Am Agri Chem 7%s 103% Am Smelting 1st 5s. 91% Am Sugar Ref 63. Am Tel & Tel cv 6s. 0% 1081 Am Tel & Telcltrbs.... N% % 9% Am Tel & Tel cl tr 4s. oy 9k 9% Am Writing Paper 6s. 85's 85l 86Y Armour & Co 438 8% 8 89 Atlantic Fruit 7s. 6% 36% 364 Atlantic Refining 103% 103% 103% Atlas Powder T%s. 105% 106% 106% Barnsdall sf8s A, 103 103 168 Bethlehem Steel s £ 68 98% 98% 8% Can Gen Elec deb 6s. 101% 101 101 Central Leather 58 aY% % N% us utR Ut 91 81 81 105 106 105 Colorado Industrial 5s. Columbia Gas os Con Gas conv 7s. . Cuba Cane S cv del 8 8 Detroit Edison ref 6s. g Y Diamond Matcasf 73s. 108 108 108 Du P’ont de Nem 7%8. ... 107% 107% 107% Duquesne Light 6s. s Umplre Gas & Fuel T¥%s. @i 9% %% Fisk Rubber 8s. .. 105% 105% Framerican 1D 7%s. Goodyear Tire 8s'31. Goodyear Tire 8s5°41 Holland American s Indiana Steel 18t 58 '52... Inter Mer Marine 6s Inter Paper 1st 58 B Kayser (Julius) sf 7s. Kelly-Springfield 8s i 3 Siexien Gor 197 195 1 Swiss Sige 023 1028 60 U S. Mexico o 41K T 41% 41y | Lackawanna Steel 55'50. Liggett & Myers 3s. Lorillard 5s. Manati Sugars 7 Mexican Petroleum 8s. Midvale Steel 5s. ... New England Tel 58 wi. New York Tel 6s 1941. New York Tel 65 1949. New York Tel 434s. North Amer Edison 6s. Northwest Bell Tel 7s. Pacific Gas & El 5s. Pac Tel & Tel &s ctfs, Philadelphia Coref 65 A. Producers & Ref §s. Public Service 55. ..... Sharon Steel Hoop 8s. Sinclair Oil 7%s. Sinc Crude Oil 5%s. Sinclair Oll 7s. . Southern Bell Tel 58 Sou Porto Rico Su; Tobacco Prod s f 7: Unlon Bag & Paper 6s. Union Tank Car U S Rubber 1s¢ 5s. Va-Car Chemical 7%s. Va-Car Chemical 7s w | Western Union 6138 ‘Westinghouse 7s. Wilson & Co 1st 6s ‘Wilson & Co cv 7%s. GETS REMINGTON PLANT. BRIDGEPORT, Conn., July 1.—Gen- eral Electric has purchased the Reming- ton Arms plant here for a price said to exceed $3,300,000. The transaction has just been completed and is confirmed here by C. E. Patterson, vice president 18 {of the General Electric, from the New York office. General Electric two years ago leased the Remington plant with an option to purchase from the Bridgeport Liquidation Company. EQUITABLE Co-Operative Building Association Organised 1879 424 YEAR COMPLETED Assets . Surplus . $4,408,629.00 Ceei. 81,146,464.60 Learn to Save Systematically ;n San poiat to thousands who have o ystematic savings plan of the Equl With wonderful’ re: Subscriptions for the 83d Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. NW. JOHN JOY EDSON, President FRANK P. REESIDE, Seey. FINANCIAL OUR 7% FIRST MORT- | Harrivan & Co, RAILROADS. GAGE NOTES Hi MEMBERS: Need no further recommen- S: N dation than that they are ® 2 NewYorkStockExchangc secured on improved real Balto& Ohioprin3%s.. W% ©% %% Seatoacd slacodion ity Balto & Ohio gold 45 i same basis of security as Baltos Oblo o 11 Broadway. New York protected our investors to Balto & Ohio qv 4% the extent of their not hay- 5 glgomqlw;? mzh lost a single penny in lyn 821, ... eit D R =9 ither principal or interest during our fifteen years of Canadian Northern investing. Canadian Pac deb 4 Central Pacific 48 Ches & Ohio cv 5 Ches & Ohfo cv 4%s ghlc-lo & Alton 3%s. Washington Office COLORADO BUILDING Telephone Main 1603 Notes on hand in amounts of $250.00 up to $5,000.00. i Certified copies of Certifi- e of Title furnished with each note. M LETis G.B.Chipman | CHAS. D. SAGER CMaStPorins. Manager y 923 Fifteenth Street N.W. Chi Union Station 4%a. . Main 36. Loan Dept. Chi & W Ind con 4s. CCC&StLref6sA. Cleveland Term 5%s w 1. Del & Hud 5%s. Den & Rio G 1st re! Erie 1st con 4s Erie gen 4s. Erie con ext 7s. Erleconv4sA. .. FIRST MORTGAGE NOTES FOrR SALE Great Northern gen 5%s. Hudson & Man ref bi 11l Central ref 4s. .. {11l Central 53s. ... | Inter Rapid Transit 6s. Inter Rap Trev 78 w i Int & Gt Noradj 6s wi. Towa Central ref 4s. . KanCFtS&Mds X DENOMINATIONS OF S00 DOLLARS ANE UPWARDS 1Y% ]z;:_. l |LE N Ist & ref 53gs. ... 106% 105% 105% o MRERL L Be 6l el Gendioll T Her, . | Min & St L 1st ref . 7/ / MStP&SSM6%S. ..., 102% 102% 102% 272, . !77&9)’ ) MK&T1st 4s. ki) ki) ki) 5 MK&TprintsA. wom e % ! Mo Pacifie da.. P T 1207 “Connectivat Mvenue } Mo Pacific gen 4i 6% 632 6% N O Tex & Mex inc bi n% 71:@ 14 N Y Central deb 6s 103% 108% 103% === — N Y Central ref im) N Y Central 7s. .. New Haven cv deb Second Trust Notes Are Purchased by The National Mortgage and Investment Corporation On A Fair Basis (Temporary Offices) Third Floor Sansbury Building 1418 Eye Street, N.W. Norfolk & West cv 6 Northern Pacific 4 North Pac ref imp 6 Nor Pac-Gt Nor jt 8% Ore & Cal 1st 5s. Ore Short Litef 4. Ore Short L con 58 '46 Ore-Wasn 1st ref 4s. . Paris-Lyons-Med 6s. Pennsylvania gen 5s. Pennsylvania 6%s Pennsylvania gold 7 Pennsylvania con 4145. Peoria & East inc 48 Portland Ry L P 1st 5 Reading gen 48. StL&SFprin4s, Seaboard A L con 68 Sou Pacific cv 48 Sou Pacific ref 4s. %Y guaemmeni et @ oo WITHOUT EFFORT AND WITHOUT RISK Third Ave adj 5s. % 59% Cnton Bacifs evi o You Can Make More Money Virginian Ry 1st 58. % 9% i %,|| Invest So As to Get the Full Earning Power of Your Dollar sk 80% | With Safety. Join With a Group of the Most Conservative Men of Washington ——in the. NATIONAL MORTGAGE & INVESTMENT CORPORATION Fiscal Agents HUGHES FINANCE CORPORATION 1418 Eye St. NW. FIRST MORTGAGES Every mortgage is less than 509, of the ready market value of the property. Absolute Safety. Reliable Security. Liberal Income. Insurance Against Loss. Protection Against Depreciation. Prompt Payment of lntcnd. Repayments of Principal in Full at Maturity. Choice First Mortgage Investments 3100——3250—3500—31 000 WILLIAM S. PHILLIPS 1409 N. Y. Ave.NW Main 4600 281000 | 3563 400 N0 nznvmon MADE, Bonds Bought in All Denominations. LIBERTY BOND EXCHANGE 604 14th St. N.W. Hours, ® a.m. to 6 pm. Main 2997, We Will Buy Cities Service Scrip Preferred, Common, Bankers THOS.W.BRAHANY & CO. 510-11 Evans Building Main 6189 Money to Loan u.na S8 Srust em real estata. " oy aterest & eller g'fi L. l"hul We Offer for Investment Real Estate Notes Of responsible makers secured by 1st lien on_improved property. TO YIELD 6% AND T%. PROMPT PAYMENT OF INTEREST GUARANTEED. Bank of Bethesda, Md. The Star has censored the sd- on this page for the Call, Phore or Write for It Average Retarns Unbeatable is the maw_cr.average re- farns. Your investments occasionally may return unusual profits and énceur- age you to the lure of easy meney; but as the years go by you are likely to appreciate either for yourself ‘or for Attractive Investments for Your JULY E HAVE a number of individual loans secured on residential prop- erty in the best sections of the city for investment of These First Mortgages can be purchased on the partial payment Write or call for detailed information. Over a Quarter of a Century others the inescapable conclusion that every sacrifice of investment safety leads, in the end, to some loss. B R R e Rk s FUNDS Our First Mortgage Notes on im- preved Washington real estate base their ‘interest return on the law of average returns. Write or call for detailed information. o Swartzell Rheem& HenseyCo. your surplus funds. plan if desired. SRR Without a Loss B. F. SAULZ CO. 727 15 Street NW. MAIN 2100 - . 1412 EYE ST. NW. tean