Evening Star Newspaper, July 23, 1922, Page 20

Inspect Sunday These Beautiful, Exceptionally New Homes: 422 to 430 Lamont-St. NW. - FRATERNITIES. (Continued from Nineteenth ?Ifl.) LOOK FOR EVEN HIGHER PRICES ON HIGH-GRADE INVESTMENTS Easy Money Conditions Not Fully Dis- INDUSTRIAL UNRE DISTURBS STE FINANCI AL THE WEEK'S BOND MARKET. Below is shown a summary of the fluctuations of prices of active bonds on the New York Stock Exchange for the week ended yesterday, July 22, 1922: ONITED STATES BONDS. | when he came to this country at the - g e s Tow. Closs, 0 |age of fourteen years. He KIVQ.I * 5 Liberty 1st 100.70 . Pflce, 52,450 : Ea:uares‘”g:d:h; ‘EE:E;“‘::RE?} 4 {‘::«‘; counted—Scrutmy Of Securlfles Should Production Hindered 2znd g:ggfi; 2, 4:.!‘ 5 35?35 i%:ig Z g . o 3 . iberty 2d 4%s. . . Attm!:lmmule esr:‘ day. || comities o maks e exenrsion to Be Close—Bank Orgamzmg. .| Costs Are Increased by |Literty 32 ¢ lovas R o oo e | SIS e TR : ity i nt . 6 large rooms, tiled bath, hot- to the ladles and children. Idaho Council, No. 1, after its reg- BY 1 A. FLEMING. paying bills for them, or are deposit- Strike Conditions. FOREIGN GOVERNMENT, STATE AND MUNICIPAL. 2 ors carrying fair balances and in- Argentine 7s ..... 100% 100% 100 water heat, electric lights, large || yujar session attended the public rai Bond values are nowhere near thels [ Zro, SRETS NE TOE bala NEW YORK, July 22—Industrial ( SRECTURE T8 Co00- o0 S pantry. uilt-in R;fngler!‘_l:;; ing of the chlefs of fisc:o;n. Trfll’:.- high levels immedlately following ulg:x::ll& o‘t‘: n;: t:(rnt cé“l‘? are l-n conditions arising from the coal and H:y n: Eupenh:gen 5%s. 2;!/. ::u frént porch, double White Eagle Counc ad as e = . neither e bank, an a price il strike have quite seriously dis- [City of Lyons 6s. - orches, hardwood floors, 1avge || guest Pact Shocehontas Mrs.. Cora | the 1907 fecovery from panic I';: Ny | 1S paid for-them they are just that "'b arm : l“" 'k“' oduction | CILY of Rio de Janeiro ss. 1008 1003 closets, large lot with room for 1l Gompers of Sioux Council, No. 7, who | 88 & general.rule nor specifically.| much more wortkless turbe ¢ steel market, production | pepariment of: Seine 75 i 90 garaxe Many other attractive raised the chiefs. The visiting chief | Liberty issues came out first in 1917| Deposits of the other kind are|is being hindered and costs increased [ Dom. of Can. 5%% notes, 1939 101 10034 features. 2 complimented the councll and gavel|.;4 the 1ast fssue in 1918. worth between © and 10 per cent, 80 | by the fuel shortage, and buyers are Dom. of Canada 5s, 1331 8% sy Representative On Premises ::nn‘?l‘inr:nte‘:trl‘n:: be present at T “ug gigestion of the heretofore un-| $83, 2AME o7 the local bankers al’|.nowing a disposition to limit new Dutch East Indion a5, 1962 HA 1) For Sale By Past Pocahontas Mrs. M. E. Green |heard-of issue of these securities,| high. operations and await developments. | French Republic 8s 102% 102 of Idaho Council visited Waneta!§;7385273,000, has taken the entire| Eldredge Jordan, as president of |Consequently new business is smaller, | French Republie 71s. 100% 99% L J M an Coanolt ot e et nastihs and satesd 385,273,000, date, | the United States Trust Company, |but unfilled orders are quite large. | Kingdom of Belgium 73%s 107 1063 e ja¥e ang its chiefs. time between their issue and date.| .5 5 Jarge buyer of deposits. Plg iron is nervous and unsettled. | Kingdom of Belgium 6 101% 100% d_Builder Mineola' Councll, No. 8, had Great|with stronger holdings at this time| It {s probable that the slow, steady | Furnaces are being blown out, owing Kingdom of Denmark 6s. 99 981, Owner an Satkon Bronr Sndia delcastion from | thant seerinatore | Browth of a bank, properly officered | to scarcity and high prices for coke, | Kingdom of Netherlands 6 97 - 96% 414 Luray Place N.W. the Great Gouncil bullding. committee : ’ ity great|0d With the right‘men in it and back fand buyers are cautious about plac- | Kingdom of Norway. 58 ni_ 11 Phone Columbia 41245W at its Tast maerting. TheSpecanontss, | 1IN the days of war prosperity of it. will be on a better foundation | ing more than moderate orders un- | Kingdom of Sweden 68 103% 102% Mek Bith e o ¢ she wili | corporations, patriotically, and some | than' if its dcposits ' were obtained |der present conditions. Paris-Lyons-Mediter. 6s 798 78% appoint a publicity committee. few perhaps selfishly, taking advan- &'l':i"foho z:_ecrex:h',\mbnnkdc;: Bever " Copper Firmly Held. ?enuhllc of Chile 85, 1945 104% 133'/. - - - tage of the exemption provisions, ac- Rt I Copper Is firmly held at 14 cents | Siate ¢f Queensiand 6s e e = S = WOODMEN OF THE WORLD. | uireq many millions of dollars Inbthe [OTaEh: Gaya o e ae Sor &1 deliverles by the large pro- | 'k or'G. B, and 1. 5iks, 1932 110% 109% s T Elm Camp has located a meeting | worth as an investment and 130 | cired 1o start a hank in o commanity | cocohn, “ith exporters bldding 13.90 | ;. K of G B and L 51s, 1928 110% 1093 ' . 1fj {pince o the ?r?;"«'l:'e::e:gcg?"t:: theltor the employment of working some of the Ieading[fltl:ené met and | Inquiry. from both domestic and D et X B, 9N Y ,}‘,’,ft I} | city. > e provosition. Coming to is cl s = < business Eim has been experimenting | They held on to them down, throush | for $100 a month or leas, chipped In (0 | shortae Jo non uch PolSR 1abor | U 8 ot Mexico 4s. a7 463 -}/ with halls in other sections. The new . Practically New, Detached Must Be Sold . 9 rooms, bath, 2-car garage. chicken house, awnings, Can Be Seen Sunday Washington Realty Exch. 504 E iStreet N.W. Main 3238 Evening Phone Cleve. 2136 No. 10 Quincy St. Chevy Chase, Md. 1/, Square to Chevy Chase Club INSPECT AT ONCE This tiful suburban home is only % block from Connecti- cut aves Fee e brick ana half shingle construction. Built on the center hall plan. Living room with open fire- place and dining room on ¢ sk sliding doors between. . The other sid ains the libr with the maid's room anid bath. Kitchen v in the rear. : 2 drooms (open fireplace in the master's room), 2 “1 eping porch complete the sccond floor. finished and contains one nice large room. could be turned into bedroom or nursery. ting plunt and stationary tubs are in the cement entire House. Electricity and gas are now used for study. b Hot-water r. which r at the rear. -s and shrubbery, flowers and grapes pacious home the air of quiet, comfortable ment o much desired, but séldom obtained in a home priced sonably as this one. CPEN FOR INSPECTION SALESMAN ON PREMISES For price and terms see— H. Latane Lewis Exclusive Agent 1422 F St. NW. in location will be announced next week. Chairman Rabbitt of the excursion committee announced at the meeting of the Boosters' Club Tuesday night that satisfactory progress is being made in the preparations for the out- ing at Marshall Hall August 17. Every camp in the trict contributed ap- plicants for the initiatory work. The degree team was constituted as fol- lows; Past consul commander, Thurs- consul commander, ant. Frank McPherson; banker, William A. Riley; escort. J. L. Pum- phrey; watchman, Paul H. De Law- ter: sentry, Ben Harding: Ishmaelite, Albert Whitworth; slave, Clarence Ludlam; Joseph Frank di Marzo; brother, Dayid Davison; prosecutor, James ‘M. Frazier: attorney, James Tennyson. The full protection degree was exemplified. ~Lieut. George M. Green commanded the @niform rank company which supporféd the degree team. Mount Vernon Camp received a visit from a company of choppers from other camps Thursday evening, includ- ing Sovereigns Tippett of Old Glor: Amon of National and Riley and Mec- Connell of Elm. The visitors were en- tertained by a committee, including Sovereigns Grigsby, McKinney, Ruppert and Schoneberger. State Manager Luther C. Junes has just returned from his vacation and ap- peared before the Boosters Tuesday and told about his trip., He con- gratulated the degree team upon the success of its midsummer undertak- {ing "and ‘suggested that it make {monthly exemplifications of the full degree. A meeting of the deputies iwill be called by the state manager ifor next week. Hickory Camp discussed plans for iattending the encampment at Albany {next month. The full Company D, with complete new khaki outfits, will make the trip. A new entertainment committee will be named by Consul Commander Shumate. JR.0.U. A M. At its meeting Friday J. Morgan Read Council, No. 2, F. P. A., affillated with the state body, Junfor Order United American Mechanics, and elected Junior Past Councilor Robert B. Newell a representative to the {State Courcil. The councilor, Ira E. Wedmeyer, appointed Edward T. | Smith chairman of the good of order { committee. Mr. Smith, in turn, select- jed Charles F. Muller, Frederick Mul- ler, John M. Earnest and Charles Floyd Huffman to assist in arrang- ing social functions for the benefit of the council. A report on the joint {excursion of the Junior Order to hesapeake Beach Thursday, July 27, was made by Malcolm Reintzel, chair- man of the committee. Talks on fra- ternalism were made by State Coun- icilor George P. Ames, Charles F. Mul- ler and William P. Earnest, s Potomac Valley Forge Coun: 0. 32. last Monday had the following officers instalfed by Past State Coun- cilor Seiffert: Councilor, George S. Ward; vice councilor, D. Sheele; {recording secretary, L. M. Green: as- sistant recording sec ry, J. Z. Yoder; financial secretary, D. Luther | Smith! treasurer, J. W. Dunnington; conductor, Clyde Mock; warden, E. C. Scoggs: chaplain, B. F. Chrisman: {outside sentinel, Turner Hall; inside sentinal, J. B. McDevitt, and eighteen- i month trustee, Clyde Mock. The coun- cil showed a gain In finances. Mount Vernon Council, No. 10, met {Thursday evening in Washington Hall, 3d and Pennsylvania avenue !southeast. The chalrman of the band <>mmittee reported that the band {practiced every Wednesday evening iat Washington Hall and any one wishing to hear it is invited. Officers for the ensuing term were installed. {A carnival will be held at Fairlawn, Anacostia, D. C., July 29 to August 5 {unless the committee sees fit to extend idate of closing. A number of novel- ities are promised. An open-air danc- ing pavillon will be in operation, with {music by the Junfor Order band. The |committee on the Pen-Mar reunion re- !ported that tickets were on sale by each council. The date is August 17. A number of prominent speakers will be present. The Junior Order band their depreciation, as small investors whose patriotism had not ebbed, but whose needs had not lessened, threw their bonds overboard,‘and probably intended to hold for just such a mar- ket as we have today to liquidate on. But their desires were forced to yleld to the demands of necessity, when the era of deflation hit mer- chants, manufacturers and the stock market as well. To raise the needful the corpora- tions disposed very largely of their libertys. Then came the second era of investment, led largely by the banks of the country in employing thelr funds during the longest er: of cheap money that has been know In_ years. Predictions are made that libertys are likely to go to 105 or theseabouts, unless an uniooked for demand for money develops. Hundreds of Millions. ~Millions on millions of dollars’ worth of bonds, hundreds of millions have been marketed during the last two years. Printing presses have been run overtime, and they have cov- ered every conceivable security in the industrial and railroad line and real estate and building operations as well. It has come to the time when great enterprises are contemplated—with other people’s money as the basis for the foundation and fact, and this is one reason why the closest scrutiny should be given to bonds, no less than to every kind and description of al- leged security of the market, or of- fered as especially by salesmen. There are plenty of good bonds to £o around, but the layman equipped to differentiate, and banker is supposed to have the terest of his clicnt at heart. consult the banker first. not last. Redeemable; Callable. For a long time it was considered the part of wisdom to give two dates in connection with bond issues, one the dute when redeemable and the other the date when they might be called, at a price usually several points above the flotation figure. In very many cases the latter feature was an added selling card, but there was no chance of bonds being called unless there was a big drop in the money market, where they might be re- funded at a very material savings to the issuing corporation. Now, however, the ‘callable at" is a distinct handicap to bonds, as long- time investments are the mos' desirable and the fact that they may be refunded and their life shortened detracts from value. Bankers consider that this low money market will continue indefinitely. Scars on the business records of merchants and manufacturers from the heavy stocks that were sold as best they might be have barely healed, and while there may be firmer money on the crop move- ment, one can see ready resourccs on hand for this and all other demands. ‘Washington G: S5s 110. It is_within the memory of the street when Washington Gas 5s were selling at 110 and only kept from going higher be- cause of the optional retirement at 110; when Capital Traction bs were selling far above par and all other local bonds on a like basis. The highest priced bonds on the Washington Exchange today are the re- funding and improvement 7s of the Po- tomac ~ Electric Compa They are quoted about 107% tc 1 At 107 they pay 6.05 per cent. 5 per cent bond. taxable in the District, pays but 4% per cent, which almost drives some estors to making special deposifs. with banks and thereby insuring thei; cash and obtaining a fair rate of inter- est on time funds. After all, secured_ collateral loans, where the collateral is immediately salable,cpaying 6 per cent net to the banky<e the best kind of a loan today for the bank, as the borrower, if the collateral be subject to the Income tax, must pay for It. In New York such collateral com- mands 3 to 4 per cent interest; here in Washington few, If any, loans are made below 6 per cent. All of which means that today’s bond prices may soon look cheap. What Are Deposits Worth. This is and has been an interest- ing question in Washington for many the in- attractive | { spired poorly | Therefore | | in. | his raise the desired capital, engaged a cashler to attend to the business at a relatively low salary and named as its executive officer some leading bus- iness man of integrity and influence, Who would give part of his time, in the hope of being able to develop & big bank. Now it is different. Some promoter Boes into a neighborhood and with a Dersuasive tongue makes some near- big man think that he Is big enough to run a bank. Having obtained his consent to stand for the presidency and subscribe for a block of stock, others arc partially influenced by the choice for president or the palaver of the professional organizer to come The promoter has all along placed price—sometimes $5 a share, sometimes $3 a share. sometimes $20.000 for a bank with $100,000 capi- tal, and infrequently less, Then comes the long, hard struggle for existence. All this will be elimi- nated if the Millspaugh bill becomes 4 law. and until it is either defeated or Is acted on no bank so organized can come into being as a going-in- stitution It is impossible to obtain a bank- ing room for $100 a month in any well-to-do neighborhood; it is im- possible to get a cashier at a low salary, while it is much harder to get a successful business man to {head a small bank in the hope that it will one day be a big one. 1 Finance Corporatio Finance corporations, without additions, being very fropk ful with and are coming into Some are success- nd practically all have been in- by the success that has at- tended the Commercial Credit Com- pany ard the Manufacturers’ Finance Corporation of Baltimore. l The automobile trade, with its enormous business in new and sec- ond-hand ocars sold on partial pay- ments, varyving from the strict deal- er's 40 per cent down to all kinds of rates, has been responsible for many corporations organized to finance this trade. with a certain-sure profit and without serious chance for loss. Some of the corporations are com- peting with the banks for the cream of this business, but thcy are also taking less safe paper and with it also taking chances. Some of these companies are mak- ing goed and operating along safe, sane lines that finsure success. Others travel lees safely. The Coal Problem. If there is a let-up in the very general recovery in the industrial world. charge it to the coal strike; charge it to the uncertainty of cer tain lines when the rationing of the fuel starts, if, indeed, it does. Charge it to the rall strike, al- though the let-up in this respect has not been serfous as yet. After over two yvears of depression, working smoothly and satisfactorily —not propaganda, but fact—business is on the mend ‘and will be doing fine. once the twin evils of the day have been removed—the strikes. But in the Interim the stocks on the shelves of merchants are being reduced. stocks in warehouses, also, and when this cruel war is over the recovery will be rapld and whole- some. Local Securities. Local securities are all decidedly strong and not at all likely to seil lower in the near future. The table showing the high. low and last prices for the year to date is worthy of study, not only as indi- cating the chang: in actual transac- tions but the nominal strength of some bank stocks and the indifference of pcople who have the seturities to the temptation of higher prices. There has been considerable talk of mergers, forced and otherwise; tarough the press and on the floor of the Senate, but the La Follette law is still on the statutes and must be removed before any merger s posai- . o Furthermore, it will require action on the part of the shareholders of the two companles to seriously con- sjder merger propositions. Practically the only thing that a merger might accomplish at this time would be universal transfers. Very Slow; News Scarce. some of the large producers are ready to contract for October copper at present price. June shipments of about. 170,000,000 pounds were the heaviest of any peace month and re- ported a desire to forestall rail strike delays. Tim Bolsters Up. Tin was somewhat firmer with London, but has been affected by the rall and coal uncertainty and the re- luctance of consumers to anticipate their needs. Lead remained very steady, with Quotations unchanged. Zinc was firm for a time, but later hesitated, and producers are now unwlilling to quote beyond August. Antimony steady, with only 2 mod- erate consuming demand, chiefly for spots. DECEMBER CONTRACTS BUYING COTTON FEATURE NEW YORK, July 22.—The feature of trading in the cotton market to- day was the heavy purchase of De- cember contracts by brokers, who were selling March and May at the same time. This was supposed to represent the transfer of hedges on a large scale. The market other- wise was rather quiet and mostly the usual week end affair, with a further downward trend, due to belief that the southwestern dry spell might be relieved over Sunday, at least to the extent of lower tem- peratures. Among the early sellers were Wall street and the south, while their offerings were absorbed by local traders, who covered cotton put out the previous d Largely because of practically unchanged strike news the trade and outside speculative in- terests showed little sttention to the market. end it was almost entirely a professional affair throughout the ay. Opening steady and unchanged to 15 points lower, it worked off a little and then became stronger on room covering, with advanced prices in some cases a shade above the previous close. The upturn was not well supported. however, and in the last half hour the market again vielded to selling pressure from local sources and dropped in some cases to lowest of the day, October reach- ing 21.75 and December 1.73. The close was barely steady 9 to 16 points net lower. Neither the very bullish week end statistics nor the liberal sales of print cloths at Fall River served to check bear- ish sentiment, which appeared to be still aggressive at the close of tha week. NEW ORLEANS, July 22.—Cotton closed steady at net loss of 10 to 22 points. July, 21.73; October, 21.35: De- cember, 21.38; January, 21.19; March, 21.08. ; Spot_cotton quiet, 50 lower: mid- dling, 21.75. NEW YORK BANK STATEMENT NEW YORK, July 22—The actual condition of the clearing house bank and trust companies for the week shows that'they held $43,880.780 in excess of legal requirements. This is an week. The statement follow dition— Loans. discounts, etc., $4.610,649,000; decrease, $84,023.000. Cash in own vaults, members Federal Reserve Bank, $57,064.000; decrease, $1,209,000. Reserve in Federal Reserve Bank of member banks, $559,039,000; de- crease, $19,304,000. Reserve in own vaults, state banks and trust companies, $7,015,000; de- crease, $81,000. : Actual con- Reserve in depositories, state banks’; and trust companies, $10,201,000; de- crease, $296,000. Net_demand deposits, $3.975,620,000; United States deposits deducted, $28.. 444,000; decrease, $95,600,000. Time deposits, $457,124,000; de- crease, $4,898,000. Circulation, $33,703,000; $17,000. Aggregate reserve, $576,255.000. increase, and | increase of $31,564,230 from last| RAILWAY AND MISCELLANEOUS. Ajax Rubber $s. Amer. Agr. Chem, 7%s. Amer. Sugar 6s.......... Amer. Tel. and Tel. conv. Amer. Tel. and Tel. col. Armour & Co. 4%s. A, T. and S. F. gen. 4s. Atlantic Coast Line 1st Atlantic Refining 6%s. Baltimore and Ohfo 6s. Baltimore and Ohfo conv. Bell Tel. of Penna. 7s Bethlehem Steel p.m. 5s.. Canadian Northern 6%s. Canadiun Pacific deb. 4s.. Central of Georgia 6s. Central Leather 5s . 5 Chesapeake and Ohio cv. 58 Chesapeake and Ohio cv. 4%s... Chiec., Burl. and Quincy ref. 55 A. Chic., Mil. and St. Paul cv. 4%s. . Chic., MiL. and St. Paul ref. 4%s Chic. and Northern 7s........... Chic. ind Northwestern 63%s. Chic. R. 1. and P. ref. 4s Chile Copper 68 ........ Cons, Coal of Maryland 5s. Cuba Cane Sugar deb. 7s. Delaware and Hudson cv. 5s.. Denver and Rio Grande imp. Diamond Match Tis Duguesne Light 63 Du Pont de Nemours—71s. Erie gen. 4s . rie pr. lien 1sg cn. 4x. General Electric deb. 5s. Goodyear Tire $s, 1931. r Tire §s,'1941.... ... of Cln. 7s.. of Can. 6s.. Northern 7s A...... Great Northern 5%s, B.... Hudson and Man. ref Illinofs Central 3%s Indiana INER =0 o0 International Agric. 5s Interboro Rap. Trans. ref. Inter. Mere. Marine s.f. 65.... International Paper ref. 55 B. Kelly-Springfield Tire $s . Ltickawanna Steel 5s, 1923 ... Louisville and Nash. ref. 518 Mexican Petroleum 8s ....... Midvale Steel cv. 5s. Minn., P. and S M. Mo., Kan. and Tex. 1st 4s . Pacific gen. 4s... New York Central col. 7s. York Central deb. 6s.... New York Edison ref. 632s......... N. Y. H. and H. cv. 6, 1948, .. .. New York Telephone deb. 6s, 1949. . New York Telephone ref. 6s, 1941.. N. Y.. Westchester and Boston 43s Norfolk and Western cv. 68........ Norfolk and Western con. 4s. Northern Pacific pr. lien 4s o Northern Pac.-Gt. Nor. (Burlington) Northwestern Bell Tel. 7s Oregon Short Line gtd. 5s ctfs. Oregon-Whsh. R. R. and Nav. 4s Otis Steel §s A. Motor Car $s. a. R. R. 6%%s. Penna. R. R. gen. Penna. R. R. gen. 41;s.. i i Reading gen. is . and San Fran. adj. 6s. St. L. and San Fran. inc. 6s. St. L. and San Fran. pr. lien Seabourd Air Line con. 6s. Seaboard Air Line adj. 5 Seaboard Air Line ref. 4s Sinclair Oil cv. T}%s Sinclair Oil col. 7s. Southern Pacific cv. 4s Southern Pacific ref. 4s 5 Southern Railway gen. 6s Southern Raflway con. Southern Railway gen. 4s Tidewater Oil 6ls ctfs. Tobacco Products Ts Union Fhcific ist 4s Union Pacific cv. 4 Union Pacific ref. 4 Union Tank Car T nited Drug Realty S. Rubber Tlas . Rubber 5s Steel s.f. 5s. Va.-Carolina Chem. Virginia Ry. 5 Western Union 6izs . Westinghouse Electric 7s Wilson & Co. =.f. Wilson & Co. ¢ The Year 1922 to Dai-:e. (;1-1 Stock Exchange. . 1003 104 102% 114 99 90 943 93% . 108% . 101 .82y . 108 . 903 . 110% 9% 995 9% 95 .. 88 o 100% . 691 .. 63% - 107 110% 81ig 913 8 86 981 811 L 107% o102 . 107% 5415 64 101 101% 118 . 118y .. 103 110 L 102 RS TE7A - 101 101 808 68 963 L. 8% L. 108y C 1003 106% 1063 c. 89% L 102% 82y L. 6% <L 105% - 1053 1091 I i1 .. 1051 - 105 nt 6%s. 7 103 - 104 963, 95% 30 10313 110% 9514 109 . M - 102 1105 953 110 107y 102y 923 1003 101 85 108% 921 11% % 5915 -103% 111 965 109 91 103% 1053 96 1103 108% 105 93% % 1033, 104 96 951 8§88 1033 110 2% 108% 90 1023 104% 9513 109% 10715 1023 9213 the Wasl:ungton S e : Up to and including Friday, July 21, 1922, & : - |will be there. duys’ “The answer munt vary. accord- || DOE days are slowly dragging along soEEceas remerve. 343,880,150, ncrease. Furnished by W. B. Hibbs & Co., Hibbs Building. h haracter of th i % " B . WOODRIDGE HOMES FRATERNAL ORDER OF | (g chorsccern e depomiors M Weal witutt e lghty schice | FLSSAME, o wiate bamks and cuseSp1se, - BONDE " 0 open Mg Lew. cin Many junior ies in At Ne: York, t S 2 T 4 EAGLES. ¢ |banks toido their bookkeeping and| o\oV3 YoM Il tion recreation, Hos- e Acd in Clearing hoves st ey '200—C. and P. Tel of Va. 55.... 91 . %0 The entertainment committee an- |=————————————————————————kinson of the RIggs being the latest| "y 355 discounts. etc., $748.359,300;| _3.000—C. and P. Telphone 1st 5s.. 95 7y 9% Just North of 18th St. and R. L. Ave. NE. [{|5:55 75 5552 S0 it e m—— Ti s e kol B 3 . It is ex- | council secretary indicate that the —_—— Gold, $5,5681,200; decrease, $4,700. o ~ st » i u = i = By 3000 Bagiestand their friends | gain in membership for the yeas PROVISIONS. Currency and bank notes, $17,878,- | 2.300—Georgetown Gus Light 1st bs. 4 b i . . W frolic at the beach on this oc- | will exceed 10 per cent. Two coun-| GRAIN AND VIS . 1600+ decrease, $1,297,500. }zi‘%tplem;?gual"‘ml:'ernis?ésss" :&‘2 uw = Country Homes wzth Clly lmprovements ,cnn!oni’ lnC:dldxuon. AtheABIanls as m;b :ll:l’ehtah‘:m ""T,dfhiafl’g :“‘)T!g’j;:ll ‘:; o] CHICAGO, July 22—Heavy selling ml'?:firsmf)l;!), éz"":m{‘eg;nl“ Szye;\ée eIl e Sl ras il 97 & 85 {lined by Chairgan A. A. Rlemer for by hed ut enough wheat in the 2 OO0 de 1 6.,500—Pot. Elec. Power deb. 6 003 98 9 ¢ | national councilor. y hedgers p g1 , $1.531,400. 16,500—Pot. Elec. Power deb. 1003 995 I A et Siahis o sosiat| Bsayfower Council, No. 11, hes In:|market today to overcome week end | SToa%e, ¥ deposits, $789,965,300; de- |234.400—Pot. Elec. Power gen. 6s.. 100 sy sen g Iteasions, one oyster roast, one masked | stalled the following officers: JUnior | covering by shorts, and wheat values | crease, s1L3T6 400 3 oo | 2000wt But, and Annap. 3 B n o sw ! r ast councilor, Mrs. e C. Bab- ., Eliminating amounts due from {127. 8 . 95 $ 94 18(!7 Monroe st- g ity gf’eth.ek’nl?; e | Bitt: ansistant’ Junior past councior, | declined rapidly on the board of trade, reserve depositories and other banks | 235.000—Wash. Ry. nd Elec. con % 65l T6% [ one open meeting, with speakers of | Mrs, M. Strong; councilor, Mrs. Eva |the close belng near the bottom fig- | Four Y ruSt” companies in New “woke | 74500—Wash. Ry, and Klec. gen. 6 89% 951 998 : - e " W i Hayes; assistant councilor, Mrs. Ida D ber at a |and United States 70.400—Wash, Gas 7%s. 106 104 1041y mational redown.| Worthy, Bresident p iy ouncilor, Miss Bernice |Ure® Of the day, with Decem an 6,520,600: 116,600—P. E. P. gen. mort. 107% 104% 1071 Detached Lutner B. Haves will have direct su-| Beil; ‘vice councilor. s, Bernice| ey Jow level for the season. At| Deposits, —$746520.800; decrease, ISRpoS R Egen mant decs o ux 1 pervision over all the events con- | Carr; assis 3 The fintah wheat smowed a loss of 1% | $6:403.900. X alty 8 9 templated. A Frazier; recording secretary. Mrs. | 1013 cents, September 1093 to 1094 | Banks' cash in vault, $11460,300. 1,000—Riggs Realty (short) 5s........ 98 98 98 8 Rooms {*“Past Worthy President James M.|Bessye Feldser: financlal secretary, o 1% cents September 1094 to 109% | BRI TADani0 Ol MU | BIGETVERT Rl Cold Storage 6 %0 90 H has bee: inted dele- | Mre. 1. E. Bailey; treasurer, Mrs. [and December % to 5. Corn| o0 500 Shates. STOCKS. H HINEHArt Ias been sprointediay Margaret Hartman: conductor, Mrs,|was down % to 1% cents, oats % to 1 | 999.500. ayes S roons St s ares Hot-Water Heat gate to the convention of the Grand | Margaret Hartman: copfuctof Mre | B85 CRRE B 0% " ovisions 10 to 30 mer. Tel. and Tel. N re s Y Lot 40 by 126 feet hsiricted to- bring. Dational nead- | Handivoe: jnner acntipel, ey May| conio hleher, ., yene upa| BALTIMORE PRODUCE. | §jei—Sesial Thactiey e 5 entinel, | Mrs.. A. ra % T ~ quarters to Washington. e stee Mys. Hati1d Babbiit:| featureless the greater part of the| BALTIMORE, Md., July 22 (Spe- e v=Nannlw: iBteamboat o S . state representative: Mrs. 1. E.lshort session, and the market be-|cja]).—Native and eastern shore 'D —W“hA R)- o Elec'nld > 6315 791 > DAUGHTERS OF AMERICA. |33y "Sirs. Roberta Howard and|came heavy. but did not make much { Maryland and Virginia peaches are| 4.099—Wash. jand Elec. pf 2% 1y i ‘Bessye Feldser; alternates, Mrs. | progress in the way of. depressing |increasing in receipt, but most ar- 169—Commercial Nat. = 4 ’ A e e e o e ol roraton: Mrs. Ethel Miles and Mrs. | prices, as the trade became gversad. | rivals are of only oriinary quality —District National Bank 1% NOALES t T vill. not bring top prices —Federal . Deputy state coun-|{ Hedging sales against southwestern |and such wil g o = Nasont occx?:‘ll’:g"'th:ht'::u(f::v;r:;f e B “Lioutse Grunbs, was. in- | Purchases were anite latge. Thelwhich are queted for, fancy stock. 32—Natlonal Bank of Washingt 18 190 i fi . movement of wheat showed an .in- rmans Mary! p w2 - 2 18 s U NewsEbbittiavmet-oquialnted irocen ™ NATIONAL UNION. O el DisticonuroL Iayoratie sy s e e S e 349—Amer. Sec. and Trust.. 222 264 tlon and/entertuinment; Tuesday, atl o, o i Counii: heldla) Jolliflca~ | T cernes 18 the cropiiwas) aibenrish | it two BOLED Hioy* 323_Continental Trust . 90 94 Monroe st oy it bo™ donas, inttlation: | tion” meeting Tuesday last to cele- [“COT tutures were dull and easter, | Cantaloupes are in heavy recelpt 126—National Saviags and Trus 282 285 . dnesday .will be devoted entirely to its new meeting de " |and cheap, prices. being mostly in 36—Union Trust .. 118 120 . brate its removal reflecting the trade in wheat. De to business sessions; Thursday fore- mbly hall at Sth ' buyers' favor, at 75al.00 a basket, 27—Wash. Loan and Trust. 270 285 n auto sightseeing trip, later | place, the large asse: y mand was almost local, and com- ¥ Y Th. ket . < Semi-detached- B 1"t The White oo nod them|and F streets northeast. There was [0t Mo0 o m o o s Sroall and 1.00a1.25°a orate = The marke 10—Merchants' Bank U7 i i-detaci D et Ve a large attendance; which was wel | ®nc" oats " trado wap dul, what | for apples 18 dull wiem only large T Firemen vire Tngurane 4 3 y to the new home by Jesse|gmga|l trade there was being attrib- | fruit o 5 = IORION R . 6 Rooms and Bath R el v b e Bt e e reatdant [or| thexconneil | Toia s coane (hEeImasD demana for | 1:1622.00 a barrel. and 1.00a1.25 for 168—Columbia. Title Insurance. 5% Shy The council decided to enter a team | cogp No. 2s; bushel stock selling mostly 29—Real Estate Title Insurance..... 90% 105 Hot-Water Heat o in the National Union Bowling| provisions were firm despite the |2581.00. while small, knotty apples 10—Dist. of Col. Paper Mfg. pfd 25 85 ague for next season and placed | aagier hog market. will not pay_for shipment. 1,029—Mergenthaler * Linotype 129 150 ° - fn"e Saatter in charge of W. J. O'Brien, PE ~ Berries are only In fair receipt and 25301 Dutch Markot som. s s 750 former president of the council The| NEW YORK, July 22.—Wheat—Spot [ Where arrivingin good condition meet 215—01d Dutch Market pfd. 7 H E e’ 712 festlvities were cldsed by the serving | barely steady; No. 1 northern spring, | With ready sale e 2,591—Lanston Monotype 0% 8% e . bbbl of refreshments in the banquet hall |146%; No. 2 Ted, 126%;: No. 2 hard |Plackberries, 15a20 for huckleberries, 160—Washington Market 3 3% Nearly' Ready for Senators D. V.. Chisholm, Charles F. ;!nladen. J. Harry Jones and East- winter, 129%; No. 1 Manitoba, 150, and No. 2 mixed durum, 128%, c.lf. and 7a8 a pound. for gooseberries. Native and nearby plums and dam- sons in good demand at 40a65 basket ager Ferguson left Friday :::’I l‘z:::.klslu Island to attend the Senate meeting, which will be in session there all this week. | bushed. Beets and carrots holding up fairly well at 1.50a2.50 hundred for the former and 2.0023.00 for the latter. Native corn now has the call at 10220 a dozen, while cucumbers, eggplants and squash are in liberal receipt and comparatively cheap. Peppers selling readily at 40a50, 4-8 basket. The egg market has ruled steady the past week under lighter receipts of strictly fresh native and nearby stock, but demand is only moderate at 23 cents a dozen for firsts and 21 and 22 for average receipts. Buyers are critical arfd only fresh-gathered stock will bring toplquotations, hence prompt and frequent shipments are chickens, especially small sized birds and white leghorns, which have to be sold lower. Large springers will bring 32 cents a pound, with small to medium selling 26 to 32 and white leghorns 25 to 28. Demand good for large, fat old hens at 26a27; medium. 23 to 25, .and white leghorne, 22a23. Old roosters plentiful at 15a16. Fair demand for spring ducks at 23 to 25, but old ducks neglected at 18 to 20. Pigeons slbw sale at 30 cents a pair for both old and youn ————— Salad ofl’ added.to putty prevents it from hardening and cracking. Prunes are most wholesome cooked ‘without sugar. for the former and5a6 a pound for tter. . e potate market rules firm and a Occupancy . hade higher under moderate receipts Two-story bricks, contain- ing six rooms, tile baths, hard- woad flaers, H-W.-H.; 'Colo- nial front and two-story back porches. Paved street and ‘alley. See this home before buying. Terms if desired. track New York to arrive. ‘orn—Spot barely steady; N -yellow and No. 2 white, 83%, and No. 2 mixed, 82%, c.Lf. New York, all rail, Oats—Spot’ steady; No. % white, 46%a47. 1o ara—Firmer; middle west, Other articles unchanged. OPEM FOR INSPECTION ALL HOUSES SOLD ON EASY MONTHLY PAYMENTS ~ OPEN SUNDAYS AND EVENINGS H. R. HOWENSTEIN CO. 1314 F STREET :NORTHWEST he committee on extension and pll’h‘l°lly ‘met on Friday evening to D irangements for an excursion to Chesapeake Beach July 26, at which there will be a baby contest and bathing beauty contest for hand- some prises. SONS OF AMERIC 2, Patriotic Order, Sons of A&figl}.lnrfldl night installed the followl! B. le'; presi- and a fairly good demand. Good qual- Tty stock i} bring 2.50a3.60 & barrel 12.10a | anq 1.25a2.00 for No. 2, but shipments must be carefully graded to bring top quotations. Bushel stock sells 50a1.15. In the vegeu:}; maarketl“:qm1l-oel e broken badly under liberal re- DURANT HEADS LOCOMO. e takes first quality ripe NEW YORK, July 22.—Reports that | stock to briig 50a70 per -8 baske. the Duramt Motors, Inc, was to be- | This is top price for mative tomatoes come interested in the reorganisation | and other sections are selling at sharp of the Locomobile Company of Amer- | discount, and will continue to do s0 ica were confirmed by the announce- | until the packing houses fully enter S ok ment that Wifliam C." Durant has|the market. Lima bemns active at|necessary (o get best resuits. 1 assumed the dency of the Lowb- |3.5022.75 bushel and 1.00a1.25, 4-8 bas- | In the live poul 7 b‘m 'r-e-lnl mobile company. Ket. String beans plentiful at 50a30 jhave been fairly ral of spring PTTE—— e 8 'ent '"“""i‘.fi" ‘u |nm1°1:d later.