Evening Star Newspaper, August 20, 1922, Page 23

z ‘ » ~ = ~ 3 ~ -~ - | AgE -y v - - = o 03 FINANGIAL, " THE SUNDAY STAR. WASHINGTON. D. €. AVGIRT 90 JOO_PART 3 FINAMYIAL, 53 " e e e e e e e F— e i e - A motives and fifteen" Pucl;\u paasenger | barrel, while native stock brings 0’ to | show no tendency at the moment to | sh.res ofyths B stock, and for each | rcports no shripkagy: in demand tor MORE CHEERFUL TRADE TONE - AS STRIKE MENACE RECEDES advance. On choice large spring chickens the locomotives. Franklin Bank Renovited. The Feanklin' National Bank has been: thoroughly overhauled and re- decorated, the entire exterior remowed ‘with new colors while & uge clock and electgic moving signs ol 200n will be In place. which will lend | PR Receipis of native and neachy {:n:.rr-‘m:gp:'lrr‘;n:&nrec:t &"Rfv‘&fflfi‘?“'mr movement the ‘market rules steady 3 he | & 26 to 75 per 4-5 basket and 50 to 1.00 ' 2 66 per 4-8 basket; N Maryland and‘ Virginia watermelons are arriving in liberal quantities and the market rules fower, with enly falr Gemand noted for large stock at 20 to 25 -each for selects and 6 to 10 for t¢gn shares of Chalmers common one | tires. It iggproducizg from 1,600 to share of Maxyell B. | 1500 casinds daily it Canton, Ohio, | More thad 9000 subscribers. seek- while ~production’ of inner’ tides ing from one fo twenty sharex ea. nges from 75,000 to 100,000 a mo pth. v ore thin $5.500,000 —————————————i———— —= Amvcrican 'l‘d?!hone and Telegraph stock under offer of that stock m* applicants for New York Telephone preferred who did not get allot- | ments. | Although Republic Rubber has nut e ooy - Standard investment issues; no -promotions; liberal commiss,, o/ producers. Reply with detafts Yor interview. Address B market Is firm at 30 to 32 a pound, hems has a firmer tendency, due to - 5 N fowls rather than small to medium. Bradstrcet’s View Is Improvement 1n A o = y John B. Corcoran, presilent of the| percrate for standards and 1.00 to 1.50 | Porns selling 19 to 21. Ducks con- |followed the recent reduction of Conditions Will Be Slow—Notes of ‘small to medium, 25 to 30, and white . 22 to 26. ‘The mariet for the approaching jewish holldays, but e gemand is centered on heavy fat Large old hens are bringing 23 to 24, with small to medium and white leg- institution, has just returned from &l for jumbos. Peach 150 fiiue aull_with amble supplies at 19 | prices made by other tire makers, it visit of two weeks at Bar Harbor rgce’ip[, i mostly sommanue tn Iiberal| (o' 21, ana emall and poor and old | —— e e General Financial Interésts. While the outlook for the future, Loth in trade and industry, has chang- ed for the better, owing to the im- proved prospects of strike settlement, the i i cha xcept gust will be small, but already suf-| or eimilar words or vhrases indlcat-1{,\jce for No. ?s. Small T{slong that there was no justification Write or eall loan department and finance stock i g e et o 'h¢ LAclent new offerings for. September | ing that it 1a organizing pn Industrial | D10C%, (O doriatn vatue wnd shinmerss | ToF the gap between Bethlehem Steel for fpll tnformation. ae P d}l issue of o sioted ot b o it Seokis D) deatin, (e wind (to- Indjcate thatithe [ibaakion\tie) Moriis Plan, 1 { MOt mavisable. ~Native and nearby (common and Bethlehem Steel B now Notolos ies rit up to a million dol- oted of s in the week's, reports ;flg; gu ee; {eus:re“m%;_"ogm i So many attempts have bea; mu;de. Peary in good demand at 50 to 75 per | find their contention borne out by . Let us manage lars. No promotions. Must" as to trade and industry. unted market. Sep! 3 it is said, by unauthorized individ-{4_ g basket for bartletts and 75 to|the terms of the recapitalization Up to $5,000 be Al i by is predicted, will be large, In anticl- | uals, irms and corporations to meet your Regptal Prop- going concern, needing Referring to present conditions, Bradstreets says: "The, as yet, partial character of the coal settlement- and i 2 Negotiations = the uncertainty that still lurks in the | 17 isposal of municipal oferings \e that B e e ror "pian | Thile there are seme buvers who pre- | Motor and a committee, representing Experience. Chas. D. Sager the most advantageous railroad strike is partly responsible | Underlying bonds of light and power | of industrial banking has at last | e cearacter of stock and areChalmers’ mote-holders’ contemplate | 923 15th M. 36 connection for the right. for an optimistic outlook. But'in|Companies have been practically re- | been compelied to take action to pro- | Wining o D€y & premi aiem, [an understanting whereby titla to all 2 ces ex many Tinen the. Tmprosement bia faly |TIOVed from the market by the Resvy | tect iaelr and the borrowing ‘and | Under contiited lberal ofterings of | Chalmers preperties will be veated fn . F. i Loaos and Investments. concern. References ex- ¥ Hnes Lytect nna g xwell corporation, says repor 5 i el to be slow, thourh perhaps mot so|instifutional and other demands dur- investing public from misleading in-| trade wanis in general are’ being | Negotiations Phave practically been | changed. Write to P. O, slow as was he Erowth of the species | (il i’ any one class would cause in- | ringements of its rights. promptly supplied and the market. |completed, by which there will ¥e is- 1412 Eye St. NW. Jox 1556, Philadelphia, Pa. of slow business paralysis that has| made its effects increasingly visible since the railway strik®-began. “In this direction, indeed, the in- stallation of the system of coal priorities may prove hurtful to some leading industries, notably iron and steel, which have suffered most from the fuel shortage, but which are low on the priority list, while helpful to the railways and household consumers of coal, whose needs are likely to be- come uTgent very shortly. Feeling as 1o winter coal supplies being adequate is better, but an acute car shortage is apparently looked for when crop movement enlarges in'the fall. “While details of the coal sattle- ment_are proceeding and it Is_ still too early to speak authoritively, it is not impossible that events will prove that the railw pmen practically won the coal miners’ strike, while losing their own.” Munlcipal Off3rings Increane. Municipal bond dealers have some- thing tangible to point to in substan- tiation of their prediction of a brisk market in_the fall, for their class of securities In the result’ of recent ast week of $630,000 Omaha ) twenty-year 4%s, at 101.29, on a 440 per cent basis. This no longer legal for savings and_fiduclary Institutions, be- the debt limit has heen exceed- ed; nevertheless, the issue is attrac- and in New york city. | Protecting the “Morris Plan.” Judge W. L. Estes, of the United States District Court for the eastern district of Texae,-has isued a sweep- ing injunction festraiming the Com- munfty Finance Company of that state from using in any way the terms Morris Plan, Morrls Bank or Morris Plan of Industrial BanKing, tive, and the premium price a test of the market. August Finaneing Small. The total of new financing for Au- pation of good demand and a plenti- tude of money at low rates. One factor that will be a great help the demand for Merris Plan service in other than the 100 American citfes stitutions to turn to the municipal market. Already, it is sald, this effect is apparent. BALTIMORE PRODUCE. There will be three fairly large is-| BALTIMORE, Md., August 19—Spe- sues disposed of before September. On | cial.)—All lines of native and near- August 18, Minneapolis awarded $1.-iby garden truck continues in liberal 120,000 fitteen-year average 41 per receipts, with some lines meeting cent city bonds; on the 29th, Oregon { with fairly good demand while others will award $1,500,000 4% per cent{moye slow. and valucs generally in fourteen-year average highway bonds: { hyyer's favor. String and lima beans Omaha, §1,50 3% per cent school § gre plentiful at 40260 bushel for the district ~ eleven-month = notes. and|former and 50a1.00 for the latter. Houston, Tex., $950,000 58 and 3200,000 | Capbage in better demand at 3.00a4.00 4% per Cent dnd § per cent Improve- | 3" Nindred, Whils beets and_carrots ment bonds: . ;lare also selling better, at 2.00a2.50 September 1, $5.000,000° Missouri | ¢o7 (ha’former and 3.06a4.00 for the state 41 per cent four-and-a-Ralf-{|gtter. Green corn in ample supply yeat bonds will come through, and on | 2t1¢%, Oresn, forn o AmPE SuPRY September 5 bids will be closed for 8 . z e valling _quotations today. Cucum $5.000.000 Oregon elghteen-year aver- | pors, eggplants and squash only in age Veterans' state aid bonds not to) fiir gemand at 75, 50460 and bad €xceed 6 per cef per 4-8 basket, respectively. Peppers ment Authorized. 'sflllng mostly at 20 per 4-8 basket, d Ohlo. has been | while needles will bring 30a35. To- granted authority by the Interstate!matoes also in ample supply at 25a3s Commerce Commission to assume } per 4-8 basket. 60a65 bushel for pack- bligation and liabilty In respect of ing stock and 35a40 per 4-8 basKet .000 of equipment trust certifi- | for small yellow. cates, to be Issued by the Girard{ In comparison with the moderate Trust Company of Philadelphia and } wholesale demand prevailing for white sold at not less than 96.40 per cent{ potatoes, ‘the -receipts from all sections of par in connectlon with purchase of | are ample for trade requirements, anu six steel dining cars, forty passenger | there is no special firmness to pricik, coaches, thirty passenger train ex- | which range 1.75 to 2.00 per barrel, L0 press and combination express cars. | to 1.25 per 100 pounds, 1.75 to 2.00 per three steel combination baggage and | 150-pound sacks and mostly half price postal cars, five steel postal cars,|for Nu. 2 stock. Eastern shore Vir- 1,000 steel gondola cars, 1,000 box | ginia and Rappalionnock and York river cars, thirty-five mikado freight loco- | sweets are selling at 2.75 to %25 per 200% | already returned to Stockholders Dividend paid on first of Every Month for over 13 YEARS Never Less than 1% and as High as 2500 Rated in Dun’s, Poor’s Manual and M?ody’s Endorsements Agencies and 6% Monthly Enthusiastic Stockho!ders. v from Banks, Nc\;»vspapers, Commercial Stockholders on file for examination. A LIVE, GROWING INSTITUTION SUPPLYING A NECESSITY TO THE - PUBLIC. MATE BUSINESS WITH A WONDERFUL F Paid 179, in dividends in 1921. l@nfir&bmr. A LEGITI- fruit, which are slow sal centered on the better 2.75 per crate and $0 to Eastern shore Maryland and peaches selling 40 to M basket, 75 to 1.00 box and 190 to 1.25 crate Apples airo continue in lit ecipt and market shows no i | ment. fruit at 1.50 to 2.00 per barrel, 75 to 1.00 per bushel and little over haif 1.00 for rickles. Crab apples In fair | pian de;‘nufml! 4'0 ;0 %D per 4-8 basket. teceipts of 'res] athered in ‘which it already is in operation ! o nearby egfs coniinue HEht ava w:duaz steady at 25 a dozen for firsts|sued for each $1.000 Chalmers mote a: T with demany | durks very draggy at t at 150 to 5 @ basket. Virginia the latter. al re- prove- Demand only for smooth, large tion between 1hem, and 23 for average, recepitsten shares of Maxwell A stock, ten 15 and White ducks in bcst demand. fowl and pigeoms in light supply, but ne snap to ike demand at 50 to 60 «ach for the fermer and 2) a pair for e, WALL STEEET GOSSEP. Those who have maintained right These two classés are to be merged into -ene without amy distinc- thtween 16. Guinea fioney to Loan Becured b7 fisst Saed of i ol s rmat un real estate. | Joseph 1. WellerSo, Pes: Liody 7ozt | RENTS as & cipal erty. ©ver a Quar- ter of a Century Maxwell Main 2100 has one of nur clients lost a: Every of our loug-established policy of absolute safety. ’ single penny in either prin- or interest when investing Our First Mortgage Notes loan placed fs on 2 basis Now on Hand ) Large investment bank- ing house will underwrite additional capital for ex-- pansion purposes. This is . /’ WalHteJ Corporation $750,000.00 8% Cumulative-Participating Preferred Stock Now Selling = Authorized Issue, $2,500,000 Redeemable at 1209, of Par and Accrued ll:terest Magnificent Hotel Walker ‘Now in Course of Comt;uction in This City SOME SALIENT FACTS ABOUT WASHINGTON Gro R tew Dirdnds P PAST, PRESENT, FUTURE ;e 1909 $5%0.20" = sl . o . . . ¢ ;:135;: 50 aste $3,752.80 Careful study of Washington for over a period of 25 years millions disbursed in salaries to an army of high-class cm- IR is the basis for some very sound conclusions. ployed personnel is the great stabilizer—for Washington de- $11,232.50 o $9,457.50 During that period several disastrous business depressions Pends not upon farm or factory prosperity. e $21,388.40 1912 $15,313.25 were experienced throughout the nation. The certain stability of realty values here has caused millions 1823 $38,446.40 $20,770.30 1904 $58,630.35 $78,619.65 $123,218.05- $174,298.64 $200,473.09 $282,742.53—+—$120,030.00 | $463,704. $513,036.97—= $1,172,931.25 TOTAL: RECEIPTS FOR 13 YEARS _ $2’ 228’07 9.68 TOTAL OUTSTANDING srocx $2’241,950.00 1 - FULL INFORMATION PART: MAIL THE ATTACHED COUPON TODAY or cdll at office. Office open every evening until 9 o’clock (Saturday ex’cep%e}l) 7 Leo D;_JaCQb "~ 208 Continental Washington, D. C. | | NOTE THIS REMARKABLE ACHIEVEMENT i | | | $35,610.00 —$56,302.50 o 1915 1916__ —$77,110.00 $112,207.50 $110,557.50 -1917 1918 95 $213,970.00 || $306,212.50 “.Returned to Stockholders to and including June 1st, 1922 FURNISHED WITHOUT OBLIGATION ON YOUR LEQ.D. JACOB ; - 208 Continentdl Trust Co. Bldg: W, on, D. C. 2 . Without any obligation on my part please furnish me information- ‘concerning the stock paying a 1 _l}lfllfl_fly dividend as above described. Nare Address ... . I —— TrustBldg. : - I i ete Yet in Washington the depression was least noticeable of Property was readily saleable at all.- Values stood adamant. little or no recession in prices. Business always is good in the National Capital, even though the remainder of the country is in the throes of panic and de- pression. The business of government grows greater every year. The Capital Grows Since War Instead of losing in population since the war, Washington has gained. Great enterprises, associations, and other activities, business, political and social, find it necessary to establish and maintain elaborate headquarters and staffs here. More and more the men of affairs of the na- tion are coming to Washington before commit- tees of Congress, before the various bureaus and departments, and for conferences of varied nature. It i3 a rational and international center, politically, socially and in a big business way. The city is today the mecca of the. traveler from every part of this country and from every country on the globe. It is one of the show places of the world. The brilliant social life in the National Capi- tal attracts vast numbers to Washington for the greater part of every year, and each year _sees an increase in the number. < _ More and more is the city becoming the permanent home of the retired business and professional man—a beautiful place to live, a delightful environment for one’s family, and an unsurpassed point for the education of the young. K to be invested in Washington by large trust and insurance companies in real estate loans. During recent years Washington has grown tremendously. U. S. Census records show a population of over 437,000, but these records do not include a great section of official Wash- ington and the thousands who live in the Maryland and Vir- gina terrtory contiguous to this city, whose business activities are in Washington. Income Tax Barometer It is worthy of note that while personal in- come tax returns in the nation fell off $195,- 000,000 in 1920, the District of Columbia re- turns increased over $350,000. In 1916 only 6,808 paid income tax, while in 1920 69,730 pai These are indisputable facts that illustrate Washington’s greatness and assure a remark- able future. Today in Washington, through the efforts of its public spirited' citizenry, there is assured a “tremendous convention hall, and the campaign is on to make Washington America’s leading convention city. Yet to attract great convention crowds, there must be suitable and sufficient hotel - accomodations. Here again is emphasized the need for the great Hotel Walker, a show place in a city of beautiful buildings and monuments, with over 1,000 rooms, the ultimate in beauty, in service, and appointments, unsurpassed any place in the land. Asset of Strong Management The Walker Hotel Corporation, under the guidance of its officers and a board of directors composed of many of the city’s foremost suc- cessful business and professional men, is as- sured of conservative, strong and successful ad- ministration. - Mr. Daniel P. Ritchey, nationally-famed hotel executiye, is managing director of the hotel. His services also have been invaluable in advising the architect, Robert F. Beresford, and associate architects, Warren and Wetmore, of New York, and have been aimed toward economical and efficient operation. The site of the hotel is ideal. On Connect- icut avenue, so often called “Washington’s Fifth Avenue,” it is in the center of a section that is developing with very rapid strides, and where the next few years will witness tremen- dous increases in values. Midway between White House, great government departments and famous Dupont Circle, it is also in a center of fashionable clubs, embassies and legations and on the main artery to and from the high- class residential sections of northwest and suburbs. . Construction is proceeding rapidly, as fast as is consistent with the best of workmanship, so early completion is assured. The Attractive Investment We believe, without reservations, that this great hotel will be a remarkable success from the start, and that in addition to the very natural feeling of pride each investor will ex- perience, each one will receive gratifying re- turns on the investment. g Every dollar invested is a dollar that will help Washington to future great- . ness, and returning the while a most attractive annual earnings to the investor. - = .Call, Phone or Write for Complete Details of This Great Enterprise THE WALKER HOTEL CORPORATION Suite 414 Southern Building ; Now Selling