Evening Star Newspaper, July 17, 1922, Page 19

B 1 FINANCIAL, ~ " N. Y. Curb Market (Quotations furnisbed by lha.:;wevunl Pross) Sales. igh. Low. 2 p.m. 2400 Acme Coa! 80 .94 3000 Acme Packin LT 4T 4T Amal Leather pfd.. 357 'S5% 83% Amal Teather. 01y 1015 104 Am Metals Co 454 48y 48 Brit Am Tob/coup 17% 17% 1T Brooklyn City R R 8l 8% 8 Buddy Buds S - o Light 5 .53 Car c g0 Nippi Nipple It umbia Emeral Com Solvents A Com Solvents B.... Continental Motors Daniels Motor. ... Dublier Con & Rad Gibson Howell e Goldwyn Picture Goodyear Tice Int Carbon Lima_Loco rts. Mer Mot v t ctf. Moon Motor 300 Peerlexs Maotors Radio Corp_vom Wayne Coal ..... 100 Willys Corp Ist pr. 1100 oil 1 Vacuum 0il 3 ! STANDARD OILS. Southwest Penn... INDEP! Aetna Con Oil Alcan Oil . Allied 011 Petrolenm. . .78 ibo O ..... 19 Mex.. .03 New England Fiiel. Air Reduction. Ajax Rubber Allied Chemical.. .. 68 Allied Chemical pf. 109 Allls Caalmers. ... 5 Allis Chalimers pf. %% Am Agr Chemical.. 3% Am Agr Chem pf.. & Am Brake Shoe. ... 61 56 ly. 168 Am Cotton Ofl..... 21 Am Druggist. cee 5% Am Express. L 132 Am Hide & Leather 14 Am Hide & Lthr pf. 70 Amlce....... - 10 Am Ice pf. . %0 Am La France. .... 12% Am Locomotive 1% Am Loco pf. n% Am Safety Razor.. 64 Am Ship & Com. Am Steel Fdy.... Am Steel Fdy pf. . Am Sugar. .. Am Tel & Teleg. Am Tobaceo. . Am Tobacco (B). . Am W Wks 6% pf. 3 Am W Wks 7% pt. Am Woolen. ...... Am Writing Prpf.. 31 Am Zin & Lead. .. Am Zine & Ld pf Anaconda. ... Ann Arbor pf. Asso Dry Goods Atchison. Atchison pf. Atianta Bir lantic Coast Li Atlantic Fruit Co.. 24 Atlantic Gulf...... 6% Atlas Powder..... 130 Austin Nichols Baldwin Loco. Balto & Ohio Balto & Ohio pf. Barnesdall (4). Barnesdall (B) . Barnet Leather Beechnut Packing. Beth Steel (B). ... Beth Steel 7% pf. . Booth Fisherie Brit Em Stl 2 Bklyn Edison. ... Bkiyn Rap Tr ctfs. Bush Term pt Butte Copper-. ... Butte & Superior... 28% Caddo Oil. . . 1% California Pckng.. 8% California Petrol.. 6l% California Pete pf. % Callahan Zinc.... 8 Calumet & Ariz. 0% Canadian Pacific. . 139z Case (J 1) pf.. . & Central Leather... 3% Cerro de Pasco. ... 3% Chandler Motor. W Skelly Ol - Southern, Pet & Tte Southern States Con encer Pet Corp. nton Oil ... .. Texan Oil & Lan: Turman Ol Witeox 011 Y 0N & € Alaska-B C Metals. Am Exploration 140 Lone it Ches & Onio. Chi & Alton Chi & Aitonpf..... 18% Chi & E 111 pf (n). 86 Chi Great Westrn.. 8% Chi Mil&StP..... 28 Chi Mil & St P p o Cai & Northwn:... 76 Chi RI& Pacific... 3% ChiR1&P6%pf.. 82 ChiRI&P7%pf.. 9% Chile Copper. 2% Columbia Gas. ..., 8% Columbia Graph... % Comp Tabulator. .. Cons Gasof N Y... 1287 Cons Textiie. Cont Can. . Corn Products. Corn Products pf Cosden & Co. Cosden p?. . Crucible Steel. Crucible Steel pf. Cuban-Am Sug pf. Cuba Cane Sugar. 16 Davidson Chem. ... 4% u L 110 % 12% e % 6% 21% 524 61k 82 28 8 3578 64y 9 8l 31 108ta 243 KBY 67n 28% 11 84 1% 2% 293 % u k) 109% [ 12% 1144 % % 19% us% 513 1 52 P 58 35 3 L] sty 30% 108% P .8l 6l 2% 14 8% 61 2% 29% 9 2% ~ 0% 30 48 89% a5 654 125 1% 03 104% ur s % 9 %0 sl 16 5% 121% 139% % “% 30 @ 8% % 654 13% 1078 681y 103% 116% a 9% 6% %0 £ 16 5% 121% 135% % “n Del & Hudson. ... 121% 1% | Dupont (E. L).... 139% e : 103 | Eastman Kodak.. 7% 1000 Stewart Mining .08 Electric Stor Bat. «% 22000 Success Mining ... 23 | Elk Horn Coal..... 2 OB TecH Hughen - .- % | Endicott-Johnson. . 82% 2000 Tonopah C o pERAICOCE = 00 h Divide - 8 a7 eeen % 100 Tonopah Eriemion! "1y “1p i |Erielstpl. L a 00 Tonopan Mining . 1% 1% 100 Trinits Coppér Co. 1% 1% 1% | Famous Players... 2% 200 Yoty Goie e B % 334 | Famous Players pf. %la it Exstern. 2, 25000 Wilbert Mining... 12~ .07 .11 | Fed Mines &Spf.. 5% BONDS. Allied Packer 6s.. S3 83 83 H 6 cif 841 6413 044 | Gen Am Tank Car. 60 Dacker s oo 2% i Do | Gen Asphatt: 10 A CQUN s W 100% 10014 1003 | Gen Asphaltpf. 1Am T & T 6s 1922.. 100% 100 100% | Gen Baking. . BAmE e B lota 101 | Gen Cigar deb. g A o 1087 103% | Gen Electric. 2 Armour & Co 1043, 104% | Gen Motors. 7 Beth Steel T 10413 10475 | Gen Mot 7% deb. .. % 3 Beth Steel 1027 102%s | coodrich. .. ... - . 3% T3 Oa Nat ey J08% 108 | Great Northern pf. 0% 32 Can Nat Rwy 58 9% 9% | Guantanamo Sugar 11% 4 Commonwealth &8~ 88 | Gulf Mo & Nor pf.. 40 e 205 894 | Gulf States Steel... 824 2 Cop Ex Ass'n 8s }[rt::; ;m:; 15 Deare s o Ti5n 1n2 10112 [ 1tendee Mrg 2% 8 Fed Land Bank 001 1001 | Houston Oil . & 155 Hudson Motor: z 104 19% Alinols Central. . ... 107% IIL Central pfd.. 109% Indiahoma.. .. Inspiration. Interboro Metro. Interboro Met pf. Intl Agri Chemical. 9 Intl Agri Chem pf.. 38% Inti Combustion E. 28% Intl Harvester. . ... 100% Intl Mer Marine pf. 7% Intl Nickel. 1% Intl Nickel pf. Intl Paper. Invincible Oil 105% me 7s 10215 10215 1023 1029, 107% 107% 107% 1005 1001 1001 | 3Bwift& 1925.. 1024 102 102 | 2 Switt & Co 7s 1931. 103 108 108 2 TUn Ofl Prod fs. 1087% 1 3 Tn Rys of Hav 2 Vacuum O] FOREIGN BONDS. Argentine Ts, "28.. Baragua Sugar Tl Steamanip 7 i SHORT-TERM SECURITIES, (Reporte2 by Redmond & o) Alumtnum Co. of Amer. Ts 1925, American Tel. & Tel. 6s 1922, American Tel. & Tel. 6s 192 American Tobacco Co. 78 1923.. 102 Anaconda Copper fs 1929...... 100 Apaconda Copp Anglo-American. Ol 71 Armour & Co. T 106 ‘Atiantic Ref. 613 1831 108% 1 Bethlehem Steel 7s 1923 104! 104! anadian Pacific 6s 1924, 1015 1018 C.. C. & St. L. 100 q SOUTHERN SHOWS GAINS. Bouthern revenues of $3,255,668 for first week of I $163,420 over corresponding 1921. For period from af cailway reports operating |N . _This amount is an increage of | N Iron Products. Island Oll. . Jewel Tea..coecoe. 16% Kansas City Sou... 26% Kansas C Sou pf.. 56% Kansas&GulfCo.. 4% Kayser (Julius) 4 Manhatta: . 6% Market St Ry 2nd. 21 Marland Ol ...... Maxwell (A) Maxwell (B)...... 2% Mclntyre Porcu... 15% Mexican Pete. Mex Seaboard Mexican Sebd ctfs. Middle States Oil first week of and including w“amlfiw-lflm erating venues increase of $46,330 over of 192, Lo 107% 109% . a% 1% 107 109% 4 a% 14 § 4% 108- 2Esgaz Eg §B 33t353paas-8gges wyaszagegyufs ' o FERG GRAR W ANV NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office . Low. Close, Low. Olose. yw. Close. 2 4| Liberty83s, 108247.... wos4 10071 10090 |Atchison gen ds.... u% 9 8 T T Liberty 15t.24 44s. 100 10100 10100 |Balto & Ohioprindts. o4 84 8¢ 15 18 1 Liberty 10t 4% 108247, 10094 10086 10094 | Balto & Ohio gold 4s. sy 84 8% UK L%y iberty 2nd 40 192743... 10060 10060 10060 | Balto & Ohio 6s. 101 100% 100% ® | Liberty 26 45 192742... 10073 10052 1070 [Balto & Ohlocv 4% s sy s0h PacDevelopment.. 6% 6% 6% 6% |Liberty 8445 1028, .. oos2 10084 10046 | Balto & Ohioref 5s ST Pac Gas & Elec. o 0 ek Liberty 4th 414s 1933-35. 10106 10090 10100 57 86% bo% | Victory ¢%s 192233 ... 10066 10052 10086 S 2% W% T Pan-Am Pate (B) % & (o [;iPOREIGN GOVERNMENT, STATE Panhandle. . ™% M 1% AND MUNICIP. ennsylvania...... 3% & @% # Penn Seabd Steel.. 8% %% 8 8% g"l"“"": 8 Peoplos Gus... . s s siu 8 |BeiEium s Feoria & Eastern.. s 2% m 2% | BelEjum 1%s B ak Bern . 6% % 4% Bolivia 85w Plerce-Ari 6 Plerce &J‘.“.’."' ': ’:‘ '-;u 8 : gg:gznaz 11l gen a: SASEA S 3 re. s A - I T T Wi | Gl &N e wr Pitts & W Il 8w s 38w g8 |Canada5tis 1939 Chicago Rwys 55 e Pond Creek Coal. .. 21% 2i% 20% Canuds SeiIet] S iabuaii e ar Canada s 1952 Chi Union Station 4% a% 91 7 % ™ % |Chile8s1941. Chi & W Ind con 48 mo Ws T 83% 39% 8% 39% | Chilg 83 1946. UK U 8% PublicServof NJ.. 86 8 8 8 |Chile8s1926. 0% 80%% Pullman C ; 124 4) Copenhagen 5 au &% 8% Punta Alegre ® Czechoslovakia 6% 69 69 Pure OIl. . o Denmark 100% 100% 1004 Pure Ol1 8% pt. 9% 9% 97% | Denmark Cleveland Term 5%s w 104% 104 104% Dutch East Ind 65 °47. Colo Southern ref 4%4s... 89% &% 8% Railway Steel Spr 104 106% 104 108% | Dutch E1s f 68’62 L Ruy Con Copper... 16% 16% 164 16% | French Govt §s o8 98 8% Reading . T4 7% 75 %] French Govt T 1% 101% W04 Reading 1stpf.... 62 82 62 Japanese 1st | si% 81 8% Reading 2d pf. 2% 52 B8 |Japanese2ddt o & & Replogle Steel 3% 3% 31% | Japanese ¢s Detroit United cn 4% e Rep Iron & Steel 7 7 |Lyonses. Erle 1st con 48 Caail] Rep Motor Truck.. 10 10 9% 9%| Marsellles 63 Erle gen 4. il Revnolds Springs. 4% 4% &% 4% | Mexico ds... Erie conv 48 B LI Reynolds (B) 4% 6 46% | Mexico b8 Erle conv 48 D. b6 01 Royal Dutch. . 56% 66% 56% | Mexico 5s large. Erle con ext 78 0 ek 2 gt Ti::xfiasnoh“r 2% 28% 2% | Queensland Great Northern gen T 10% iR “m 4 ‘5“ ‘“‘. Queensland 7 Great Northern gen § SiviteAri et e o6 ¢ 144 | Rlo de Janeiro Hudson & Man ref 58 8 Avmn - W% BU% 1% 1% Ri; deJaneiro 8s 1o 11l Central 5%s. ... ukonMotor 3% 3% 3%|5a0 Paulo, State of, 88 Interborough-Met 4% The T8 Seine, Dept of, s Inter-Met 43%s ctfs. @% 0% MM | Soissons 68 o5 Inter Rapid Transit 58. So Porto Sugar 2 u% 3% Swedenss & Inter Rap Tr6s wi .. Bouthera Taen 2 Swiss Confedsf8s... Inter Rap Trev 7s w i orn tactfic. .- (8 190 8% S0 gokio Int & Gt Noradj 6s w 1. Southern Railway. 204 20% 20% 2% |{¢d Ringdom 5% 22 e eiua % gminhem Ry pf. 56% 66 564 | (jtq Kingdom 5%s '29 Kansas City Sou 55. picer Mfg Co.... 19% 19% 18% 19%|yiq Kingdom 5%s'37 Kansas City Termin: Stand Oil of Calif.. 103% 104% 103% 104% | Zurich 8. Lake Shore 451931 ... Stand Oilof NJpf. 17 117 17 17 L&N st & ref 5%s. . Sterling Prod 53% 3% 58 63 MISCELLANEOUS. LorsTalandcatids o Stewart-Warner..” &4 4« 4 4 |Ajax Rubber 8s W UK | e & Nash 78, Stromberg Carb... 4% 46% 45 45 |Am AgriChem 7% 104 1% | Louis & Nash unified 45 Studebuker....... 1374 138% 136% 187% | Am Smelting 1 ©2% 2 | Market St Ry cons 5 Submarine Boat... 7% % 7 7 |Am Sugar Ref 6s 102 102430 e SeLiref ext 5s. Superior Oil. 6 7 6% 7 |AmTel& Telcltrss... %% 8% |\ e ST 18t ref 45, Sweets Co. . 38 83 83 3 |[AmTel&Telcltris... 9% ‘::2 ‘:m MStP&SS M con 48 TexasCompany... 5% 46 4K 46 | Am Writtor Pecet T Breioy Texas Gulf Sulphur 43% 48% 4% 7% | Anton Jurgens cv 68w i 0% Texas& Pacific.... 30 30 295 29 | 4noon SUTECHE 0% Tt EPCEOl. . ;% W% 2% 2M | Ayuntic Refining 53w | 1004 T eecaA ‘g ‘:V‘ g“ lfgv. Atlantic Refining 6%s. 108% Mo Pagific rei 58 100 100 100 Tobeen e Aro- B0 W4 T T | Atlas Powder 718 105 106 18 |y pacific6s. ... 100% 100% 100% Tobacco Prod ris. .. oo st e ¢! Barnsdullsf8sA. 1064 108% 108% | 3e) pacinc gen 4s. 64 B €84 e CintOn. oL % I the. 26| ne Tel Pats: - 108% 108% 108% | New Havencvdeb6s.... Bl Eln El zens Con -~ 6% 16% 16 164 | peinlenem Steelsf6s.. %% %% e | New Or Terminal 4 m Pa Can Gen Elec deb ’ NOTex &Mexincss,... T 1% Do e e %% 9ot | Central Leatner 5 8% % 8% Ny Central LScol3%s. % % T8k Union Pacific 11 16% 11 143 | Cerro de Pasco s 14 18 18% |\ ¥ Central 7s. 105% 1% 106% Union Pacificpf... 7% 75% 75% 75% | Chile Copper 6s.. 9% 9% 1% | Ny Central deb . United Retail Strs. 67 67 66% 7% | Chile Copper 7 106% 105% 106% | N ¥ Central deb 4s 34 . USCastIrPipe... 88 38 33 83 |ColoradoIndu 8k 8 "':; N Y Central ref imp 58. U S Hoffman. B 24 2% 2 | Columbla Gasds. %6l 9644 N Y Rys st ref 45 US Indus Alcohol. . 58 61% s8 g (Con Coal M1 lstrefbs... 8% 4 88 |N Y Rysadjss. .. U S Rubber " e2% 2% 62 " g |ConGasconvis 128% 1222 128% | N Y West & Bos 4% 6% U S Rubber 15t Pt 3 106% 106% 106% 108% | Cuban Am Sugar 8s 106% 105% 1C5% | Norfolk & West con 4s. 0% M4 U s siea 100 100k 'sori oo {Cuba CaneScvdebss... 86% 86% 864 | Norfolk & West cv 65. US Steel pf. ... . 120% 120% 120 130v; | Detroit Edison ref 6s.... 102% 101% 102 ( Northern Pacific 3 Utah Copper. o4t 6% 6% iy |DurontdeNem 1% Northern Pacitic 4 Duquesne Light 65 North Pac ref imp 6s. Vanadium Corp.... 4% 46% 46% 6% | Emvire Gas & Fuel 7148 Nor Bac Gt Nor 1t 6% Va-Car Chemical. 3 3 8 3 |Fisk Rubber 8s. Ore & Cal 1st 5s. Va-Car Chem pf.. 65% 65% 65% 5% | FramericanID Ore Short L ref 4s. Vivadou.......... I 1% 11 1| Goodrich Co. BF Ore/Sbort Licon Sk 46 Goodyear Tire 88 ‘31, Ore-Wasn 1st ref 4s . 124 12% 12% 12% | Goodyear Tire 8s'41. Paris-Lyons-Med 6s. Wabash pf (A). 31% 2% 31% 32 | Holland Americansf6s. 88's 88} £8%| Pennsylvania gen 5s. Vestern Md. 1% 1% U% 1% |HumbleO& R5%s wi. 100 100 100 |Peunsylvania gen 4%s. Western Union. ... 108% 103% 10% 102 | Inainna Steel 18" 53 '62.. 100% 100 100 | Pennsylvania 6%s. Westhse Air Brke.. 92 % 9 9 | Inter Mer Marine 68 w% 9% 9% | Pennsylvavia gold 75. Westhse E & M. 61% 69 61% | Inter Paper 1st5sB.... 861 86% 86% | Peoria & Eastinc 45 3% % Westhselstpf.... 72 72 72 7 |Kayser (Julius)sf7s...106 104 104 |Readinggends......... 5% 4% Wheeling & LE pf. 25% 25% 25% 25% | Kelly-Springfield 8s. 83 White Eagle Oll.. 26% 26% 25% 2 | Lackawanna Steel 5 2% ‘White Motor. - 49 4 ¢ ¢ |Liggett & Myers5: 8ty White Oil. . B% 9 8% 9 |Liggett& Myers? 9 Wickwire Spencer.. 15% 15% 16% 15% | Lorillard 58. o Willys-Overland... 9 9% 8% 8% | Manati Sugarsf 7% 5% Willys-Overland pf. 48% 48% 7% 8% | Marland Oil temp 73%s. 5 |StL&SFadjes. 0 7e% Worthington Pmp. 5% 51' 5% 5% | Marland Oil 8s wai 125 Imy|SanAntonio& AP s T N T 158 8 9 aboars ref 4s o @a o High, Low. Last, | Midvale Steel 58, 9% 91 9 |Seaboard A Ladj n wu oz CallMoney..... 8 . 3 3 oo England Tel5s wi. 0l 60% HOURLY SALES OF STOCKS. 2 11am 167500 12m. 281 100 ot Tpnu. - ot 9 < 7850 80 Southern Ry 1st 5% sl —_— Southern Ry gends..... 6 67l €74 TREASURY CERTIFICATES. o Southern Ry dev 613s. .. 101'; lzo:: l;“a (Quotations furnished by Redmond & Co.) | Packard Motor 2% Third Ave ad) 5. 59% bots G %o | Philadeiphia Coref 68 A. 9% 7% S84 | TolStL& Wis.... 1 a oa 4138 September 15, 1922.... 100532 100 Producers & Ref 8: 102% 102% 102% knlon ;flc::c ist :et 4s.. 9% 89 89y 51,8 September 15, 19: 100932 1003 8% alon Eactficist 4e. %l 96z B b 13 1933 | 100 182 100 393 RO T At e 325 Decomber 15; 1027... 100 1332 100 1732 o A i 438 March 15, 1823. 64k € 8%s June 15, 1923 &% &6 5%s June 15, & 6 % December 15, 1935, 100% Wisconsin Cent gen 4 &8 8 3% March 13, 1926. 1025 TOTAL SALES (Par Value): —— lam.. FOREIGN EXCHANGE. 5 s Selling checks—dollar values at moon today: ¢ 5156 600 London - 4% Budpest 13 426 000 a DRY GOODS HOLD STRONG. Fair Inquiries for Stocks in New York Market. NEW YORK, July 17 (Special).— There were fair inguiries in evidence in the market for cotton goods here today, and prices were strong, with- out much change. Standard print cloth constructions sold in some vol- ume, and the bag trade was in the market for sheeting numbers. The specialties, such as shade cloths and osnaburgs, were in demand, as on Saturday. Sateens showed & slight- ly softer tendency. There was some Dusiness recorded ir tMirty-inch 5. The raw silk market was quiet and dull today, although hosiery manu- facturers displayed some intcrest, and are expected to enter the market soon to fill their requirements. WEEK'S FAILURES GROW. The first increase in the number of | irdustrial failures per week for some time is reported by Dun & Co. and Brad: street’s. The former repbrts 455 de- faults last week. compared to ‘306 the previous week. That week, how- ever, was a holiday week, which af- fected the total. A year ago 334 failurés were reported. Bradstreet' places tast week's failures at 39 compared to 309 the previous week and 310 In the like week last year. The increase in last week's failures, according to Dun:& Co., was great- est in the east and south. A drop in the ratio of failures with liabili- ties of $5,000 and more to the total ‘was reported. CLOTHING MATERIALS UP. Cloak and suit makers do not look upon advancing prices of raw ma- terials with favor, and believe that higher prices for garments will more or less ‘stifie business rather than stimulate it. Supply of raw material, before the rise in the primary market took phuhl.! fairly well depleted, and they are ing forced to pay the advanced levels mnm‘lnmmclufilllfl o wiR"be" Sotn- vely small, manufscturers be- lhvo that the slightest stiffening of ricos may not be readily y-ultimate consumers. Garment' cut- ters estimate advances in wool fab- rics prices around 20 per cent, with :.:Innll.r increase in prices of popu- Local traders, back from New York other manufact: centers, [ wtv ~orx BONDS o s | Received by Private Wirs "UNITED STATES WAR BONDS. High. ELECTRICAL TRADE GAINS. Sales of electrical materfals to in- dustrial and manufacturing plants are steadily increasing, - Electrical World reports. Conduit prices have advanced. Transformer sales for customer substations are reported excellent, although fan . sales have fallen off. Jobbers report a light demand for this time of the yeaf. Several manufacturers of outlet ‘boxes have announced an increase in prices from 15 to 16 per cent. Despite the summer lull and poor static con- ditions radio equipment business is holding up well most sectiona. Cable and wire dematd malntains strength, and deliveries are becomin longer. A steady call for good grade: of lighting fixtures continues. Theé lighting market is expecte active in a few months. to become ‘- ——eee GETS PERUVIAN CONTRACT. VICTORIA, B. C. July 17.—Robin Dunsmuir, son of former lieutenant governor of British Columbia, has signed a raliroad contract with the Peruvian governmeént, &nd a syndi- cate is negotiating with New York bankers. . The conceéssion includes land grants amounting to fifty mil- lion acres, surface rights in perpetu- ity, oil and mineral rlxhn for thirty- three years, The 2,400 miles of rail- road to be constructed by Mr. Duns- muir will cost at least $120,000,000. KNIT TIES IN DEMAND. Makers of knitted ties say the wvolume of early fall orders thus far recelved from retailers has been govd. They point out that the knit- ted tie has been in better demand this semson than ever before and claim ‘this is because of-its superior wearing. qualities as compared with cut silk ties. Then, too,'the knitting fad has almost become general. This marked -popularity they expect ‘to continue during the' coming sejson. In the fall lines a considerable va- riety of pafterns is being featured by leading makers. Léngthwise and bias stripes are- conspicuous, as aré Jacquard figures apd the 'so-called marquisetts effects. There Is & wealth of color in many utt.‘ru,‘;u.a. g Direct to The Star Office.” RAILROADS. High. — e FINANCE AND TRADE NOTES. Otis Elevator statement for six months ending June 30, 1922, shows a net income of $1.185,522 after pay- ment of fixed charges and federal taxes, against $1,537,109 for same period last year. Standard Ofl of California has re- duced its offered prices for various grades of crude ofl at the well ap- proximately 25 cents a barrel, d pending upon its specific gravit base selling price for fuel oll is reduced from-31.50 to ‘$1.25 a bar: Reductions follow large productio: with less than normal demand. Reductions of $1.230 on both open and closed models of Pierce-Arrow motor cars are annouaced. This Is the first change In price of this car since the company was consolidated with the company manufacturing the La Fayette motor car, which ls con- trolled by the Nash interests. The new prices represent a reduction of about 15 per cent on the closed car and"20 per cent on open cars. A syndicate has purchased from British’ Columbla $2.000,000 par value two-year o per -cent debentures due July 15, 1924. The issue will be of- tered publicly probably at 99% and Interest, to yleld 5.35 per cent Standard Oil of New Jersey has ad- vanced bunker fuel ofl 25 cents & barrel In th eports of New York, Bal- | timore, Norfolk and Charleston, and 15 cents a barrel in New Orleans. Dally average oil production in the United States in week ended July 8 was 1,450,550 barrels, a decrease of 3.650 from the previous week. Southern States Oil completed July 12 two wells in the Hewitt field, Car- ter county, Okla.. one doing 2.032 bar- and the other 150 barrels. ports of crude and refined oil at the principal United States ports totaled 2.747,029 barrels in week end- ed July, 8, compared with 3,623,050 barrels in the previous week. The daily average dropped from 517,578 barrels to 392,432 Since October, 1921, or while Win- ton Company has been operated by the creditors’ committee, 50 per cent of its indebtedness has been paid off in cash and the company has on hand current assets of md‘\;u}:le the amount of the balance remaining. Director of the mint has purchased to date 11’,490.50'.6 ounces of silver Pittman ac 5 “lédh.l'u‘o Title and Trust stockhold- efs_voted ‘to increase capital .stock from $7,000,000 to $10,000,000. and a 40 per cent stock dividend will likely be paid August 1 to stock of record Tord o cash dividend-of 15 per cent. payable ly 20. 2 "fil Paul rail reports loadings for the first eight days of July were 32, 142 cars, against 25925 a year ago, & daily average of 5,357, ’-fi_unn\o.an n . e same period of. 1! — . A seat on ehiange 80ld for $99.500, an inersass of 350 ‘| PANSION OF YOUR COR-! tor of Canada declared a WILL TAKE OVER LINE. U. 8. Board Gives “Pennsy” Right to Acquire P. C. C. & Bt. L. The Pennsylvania ratlroad has been given authority by the Interstate Commerce Commission to_take over all the proporties of the Pittsburgh, Cincinnat{, Chicago and St. Louis railroad by a 999-year lease. Most of the capital stock of the latter road has been held by the Pennsyl for many years and its line; been operated as a part of the Penn- sylvania. . Minority stockholders, however, ob- jected to the terms of the lease, but the Interstate Commerce Commission |held in a majority opinign that these stockholders " could not block the plan, NEW TYPE SUIT CASE. For long trips, automobile tours and general travel a new type of suit case has been devised and is now be- ing offered. Made of either leather or drill, this piece of luggage has three separate compartments, so that the small articles of apparel may be packed snugly, while the larger ar- ticles, such as suits of clothing, have an individual compartment. One of the advantages is that packing or un- packing one part of the suit case does not disturb the other sections. The case is no larger or heavier than the ordinary suit case. The construction is solid. Sizes in which suit case is available are 24, 26, 28 and 30 inches. PLAN FOR 15 NEW RAILS. BELGRADE, July 17.—The Jugo- slavian government has decided to use a large part of the American loan in the construction of fifteen new railways, but the most important of {which will be a trans-Balkan line from Prahovo, on'the Danube river, to the Adriatic sea. NEW DYE ON MARKET. A new dye, to be known as Ponta- chrome Brown SW, has been develop- ed and placed on the market by Du Pont company. It is a chrome brown with a purplish overcast, posscssing good covering power and very good level dyeing properties. It is declar- ed especially sujtable for suitings containing unresisted silk effects. The fact that artificial silk is now ibeing sold on contract up to the end of the year is taken to mean there will be no change in current quota- tions. New prices are usually an- nounced September 1. WE PAY ON FUNDS LEFT WITH THE COMPANY WE EARN —the highest interest rate of America: Life In: pany. INSURANCE COSTS LESS in the Union Centrai. Why pay more? | Assets, $160,000, Organized 1867 E. S. BRASHEARS, Gen. Agent 710 14th Street $5,000 Life Policy, $57.35 g 40, Sead date of birtn for illustratios Assets over $200,000,000 M. LE RUY GOFF, Insurance Adviser All branches. Rouw 610. Woodward building. M. 840, mce C The Star has censored the ad- vertising on this page for the protection of its readers. How- ever, should any cause for complaint we will inves- i Mney to Loan Becured by first deed of trust en T revalling tncerest. and ommission. Joseph 1. Weller $2,73% L. LIBERTY BOND PRICES For $100 Bonds Todav It 4%s . . 2d 4%nm 3d 4%s . Athaves .. Victory 43%s.. NO DEDUCTIONS MADL. H Bonds Bought in All Denominations. 1 LIBERTY BOND EXCHANGE 604 14th St. N.W. am. to 5 pm. Main 2997, ATTENTION, CORPORATIONS IF YOU REQUIRE $100,- 000-OR MORE IN THE EX- 1 PORATION, AND WANT IT QUICKLY, COMMUNICATE WITH US AT ONCE. STATE} KIND OF BUSINESS AND FULL PARTICULARS. ., Star Office 220 Address Box 251- EQUITABLE Co-Operative Building Association Organized 1879 424 YEAR COMPLETED B $4,408,629.00 $1,144,464.69 Learn to Save Systematically —We can pofnt to thousands who have adopted the systematic savigs plan of 'the Equitable, with wonderful re- I ubscriptions for the 83d Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON. President FRANK P. REESIDE, Secy. OUR 7% FIRST MORTGAGE NOTES Need mo further recommendstion red on im- amounts of $250.00 CHAS. D. SAGER 923 Fifteenth Street N\W. Main 36 Loan Dept. TS 7S TS S S FINANCIAL Al FIRST MORTGAGE NOTES: FOR SaALE IN DENOMINATIO -] or;: 500 DOLLARS AND UPWARDS %//92’9@% 7 G. 1207 %lmecé'caf .%emw FIRST TRUST NOTES Issued Under Our Supervision Are Ist. Permanently Safe, eliminating all worry. 2nd. Give Maximum Yield, better than other forms of equally safe investments. 3rd. Rti:qulre Least Attention—we look after every detail or you. Let Us Have Your Reservation at Once Loan Department SHANNON- & LUCHS 713 14th Street iR VISION Have you looked ahead to that day when, no longer able to work, an independent in- come means the bridge to contentment ? Save and invest in our FIRST MORTGAGES They offer absolute safety of principal, certainty of interest payment, always re- main at par and yield an adequate return. B. F. SAUL CO. MAIN 2100 1412 EYE:ST. NW. Washington’s Oldest National Bank] Open Until 5:30 p.m. Today for the Convenience of Savings Depositors —and others. Your savings account will grow faster if you save first,,then spend. 1 Deposit One Dollar or more here today—be faithful in your efforts to get ahead financially and you'll al- ways to able to count om our earnest co-operation. gL Algh = st eI 8nE e, 3% Paid on Savings Accounts National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,500,000.00 15th St., Opposite U. S. Treasury—108 Years Old %) YOUR JuLy FUNDS ~" / IVERY si ints to a continuation of the under way for many months, and which re- sulted last January in the reduction of our own rate from 87 to 7. We believe you can find no more satisfactory investment for your July funds than our 7% First Mortgage Investments. They offer: 1. Seven cent. interest over a period of ’ whenp'“mmnumlikdymbemud: than they are now. g 2. The npq:':cionefl safety :g mortgages that has :iulned in our record of 0 LOSS TO ANY INVESTOR IN 49 YEARS You have your choice of $100, $500 and $1,000 denominations, and of maturities from two to ten years. Purchases may be madz. and small investors. : = Call, write or telephone bddyfwfull’infomam . EHSMTHG : Founded 873 " FIRST MORTGAGE INVESTMENTS l4!f-l416 EYE STREET, N. W. PR TP .