Evening Star Newspaper, August 27, 1922, Page 22

* FINANCIAL.,' - THE WOODLAND Cathedral Avenue East of Connecticut Avenue A modern five-story building containing sixty housekeeping apartments. Built and owned by Kennedy Brothers, forming in construction, equipment and fir all grains limits. important wheat . with S Incorporated, and con- 1033 t . to the high stand- < GRAIN AND PROVISIONS. CHICAGO, August 26.—Trading in and prices A late feature of the short session was the sharp break in oats, this cereal being affected an absence of buying power than an was 14 ptember 1.017% and December shade to % and oats were down % Trade in wheat was without much On rly well and there was some buy- for future The ards set by them during more than thirty years in Washington. to %. Pro Ameng the worth-while features are: g “ireproof construction of reinforced concrete, tile Lesture. and steel b Two elevators, of most approved type. b om (e Floors In apartments of quarter-sawed oak. ool o HE SUNDAY' STAR, WASHINGTO ture for the immediate port trade mews was there was Little new was inconsequential today | wheat at the seaboard. ronged = within narrow more by pressure, especially grain. Al sellin At the finish lower to %% higher, present there of the ing for 1033 ; corn advanced a lattericom nie v Corn averages higher ons were irregular. Nebraska, and local bul the whole, prices held Toc ales’ o fal reported advance at Liver-| meauy materd rall strike bulli construed as a bullish fea- | 100,000,00 bushels, ment was decddedly mixed, with some traders inclined to lean toward the bear side of the market because of the prospects of increasing hedging mit of large sales abroad. bullish crop reports from Kansas and tious, as they feared heavy country Kansas ‘state report was construed D. ¢, AUGUST 27, 1922—PART 1.~ THE WEEK'S BOND MARKET. " Below is shown a summary of the fluctuations of prices of active honds on the New York Stock Exchange for the week ended yesterday, future. Ex- bearish and demand for} ‘The sentl- FINANCIAL. RANGE OF MARKET AVERAGES. The following chart shows graphically the acti 13 sentative stocks dealt in on the New York Stock 1¢x¢-‘}x‘lnge, e peniotl Covered s the DBt 5 onth, up to and INCIUGDR the Close ot thet roeiner Kitchen cabinets with refrigerators iced from ser- 1 vice halls, = Splendid Lccation, Adjoining Rock Creek Park, " 'l MILL WORK Within One Block of Connecticut Avenue Car Line of Apartments of two, three and four rooms. Ready for occupancy October first. Every - Description Send Us List For floor plans and reservations see for Estimate. \ Thomas J. Fisher and Company General Building INCORPORATED Supplies & 2 738 Fifteenth Street N.W. A City Apartment in the Suburbs Southwest Corner of* Connecticut Avenue and Porter Street Near the Entrance to Cleveland Park 1e Monterey Apartments of two, three and four rooms, with porches. Fireproof construction. Elevator service. Mod- ern equipment. City conveniences. Near Rock Creek Park. Construction Corp. Alexandria, Va. Phone 994 1029 Vermont Avenue N.W. Suite 702, morth light, $100 per month. Suite 403, corner room, morth light, 360 per month. Few other suites aval Apply at Building or 1. Edward Thomas 208 Southern Building Franklin 7542 . For Floor Plans and Reservations Thomas J. Fisher & Co., Inc. -- Rental Agents 738 Fifteenth St. N.W. Excellent Location Ninth Street N.W. At Crittenden Eleven Sold—Four Left lot 20x85 feet. Six bath—Hardwood floors, H., Colonial front and -, Hot Water! '\ Instantly! | RS P Terms Floyd E. [Davis 7th and E S.W. Main 353 — COZY N.E. HOMES $300 cash and $45 per month, including all interest. HotWaterService at Lowest Cost OFFMAN, always a step ahead, offers the small home owner equal hot water comfort and convenience with those who live in large residences —and at a remarkably low price. Four new models are awaiting your inspec- tion; models that offer the utmost of dependability, efficiency and economy. An unfailing; unlimited supply of piping hot water is instantly ready to serve you when your Hoffman is installed—(and the installation is a very simple matter.) You merely tum the faucet and the gas automatically lights. Close the faucetand the gas is turned off. No waiting, no waste. Ask about our convenient payinent plan. Use your Hoffman while paying for it. Don’t deny your home this greatest of all conven- iences. There’s really no excuse at the new low prices. Remember the name Hoffman stands for high quality. 6 Rooms and Bath Brick Don’t Overlook This Opportunity Granville C. Bradford 425 Bond Bldg. 14th and N. Y. Aue.q. Hoffman Heaters are recommended and ~ sold by your plumber and the Washing- ton Gas Light Co. Ask them or phone us The Hoffman Heater Company 725 12th Street N.W. Phone Main 4439 HOFEMA Automatic Water Heaters for All Homes Using Gas affiliated with any other! e necticut Avenue. M.’3285 SIX EXCEPTIONAL HOMES Built by Charles E. Wire, Inc, of the best v materials that can be bought. Four bedrooms, two tile baths, ample space for large room on third floor. AMI. These homes have large yards with trees. Half square ‘west of Con- Critical ‘Inspection Invited TERRELL & LITTLE, Inc. 100,000,000 bushels tess than the August govern- ment report. extensive in Nebras! trade advices. Oats were rather dull and in the ! main reflected the action of corn. Provisions were under pressure in sympathy with sharply lower cables from Liverpool. NEW YORK. August | Quiet: spring patents, winter stralghts, 5.75a6. |ern spring, 1.2914; No. 2 red, 1.17% | No. 2 hard winter. 1.24%; No.1 Man 71, £, track New York spot. pot, steady: No. 82 c. . . New York, all ral ‘K;IKI—SDDL steady; No. WOODRIDGE 2918 24th St. Detached Corner Price, $7,650 INSPECT SUNDAY (Vacant) 7 large rooms, bath, hot- water heat, finished attic, porches, shade trees, large lot, laundry tubs. Easy terms can be arranged. WM. G. RICHARDSON 225 Colorado Bldg. Main 3331 ~ GOVERNMENT EMPLOYE, BUSINESS MAN, INVESTOR Why Longer Pay High Rent? A beautiful home, on trunk line road, with many trains, half hour’s ride into Washington, with an acre of ground. beau- tiful shrubbery and full bear- ing fruit tree brick struc- ture, 12 rooms 2 baths, cement- ed basement, screened porches; most exclusive residential sec- tion of a Virginia town. Rooms handsomely painted or paper- ed; with running water, elec- tric lights, nice floors, up-to- date in appointments. Can be bought at the sacrifice price of $7,500 (hardly half its value) $1,500 Cash, Balance Like Rent A Superb Home Phone Adams 2545 / WHITELEY Our new sub- division. _Act quick while cholee lots are twa Whiteley _ you can get all the material need- ed for a home with a first yment $10 down $50. Totx low as $125. Terms low a and § a month. LET US SHOW YOU HOW. We have the greatest building plan ever de- vised for erecting the home of sour choice. We ‘are closing contracts for this choice prop- erty every week and houses are going up. You should not pay rent. Investigate the Holloway Plan_at once. Call at the office for an’ interviews, Telephone Pranklin 868, or mail e _coupon for full information. ke Vtrolley at 16th and H m.e. out Balti- more boulevard, get oft at Whiteley. MATL THIS OOUPON FOR FULL PARTICULARS. Name. oo oaeineiee s Som AAAress. coeeeneecscces THE J. W. HOLLOWAY CO. 1110 F St. NW. Street Just com- pleted. All modern im- p rofements. open lace, large living room; screens ; awnings. ~ 1413 H St. NW. August 26, 1922: Friday, August 25. The lower sect p i i ONITED STATES BONDS. e merket er section of the chart indicates the relative on = Canadian . Erexions JULY —————— AUGUST ———————— weel is not sufficient 3 23457809101 not_ sufictent L",eny\ 1 12 14 1516 17 18 19 21 22232425 MR e & Liberty 1s were cau-| Liberty 102 Liberty & bulge. The | Tiberty L T 2% 1t Indicated a erop of | vicrory E s or. 27,000,000 | Victory 4%is z > i - . " Damage also has been | Argentine 7s . . %9 e according to| Chinese Govt. ‘; 3 9“' City of Bordeaux 6s H 2 City of Copenhagen =, | [ 2 City of Lyons 6 = 2 City of Rio de J 8 I > Department of Seine 7s e | 0 e Dom. of Can. 5%% notes. C e 2% 26.—Flour— | Dom. of Canada bs, 1931 3 | d | T 2526.76; hard | Dutch East Indies 6s, 1 o -P‘ L . Dutch East Indies 6s, 1962 " g7 —Spot, steady; No. 1 north-| French Republic 8s. S| b® Spepetge 2! i }‘(‘ll-en:lh Re?uhllc Ths. [ '] - ngdom of Belgl < No. ‘2 mixed durum,|Kingdom of Belgium 6s o 1 s Kingdom of Denmark 'y 2 yellow | Kingdom of Netherland mi z white, 82%: No. 2 mixed, | Kilngdom of Norway & 20 3 Kingdom of Sweden 6s. < g 2 white, | Paris-Lyons-Mediter. 65 . 2 = Republic of Chile 8s, 1946 = 2 State of Queensland 6s 5 3 Swiss Confed. $s.. 2 H K. of G. B. and 1. 5%s, 1922. . = Z u. U. K. of G. B. and 1. b%s, 1929. s. K. of G. B. and I 5%s, 1937. . S. of Brazil 8s (Copyright, 1922, by W. F. Meser.) U. 8! of Mexico 58 Industrials, 1921. Industrials, 1922 to Date. U. S. of Mexico 4s. . 8150, December 15 | High A Dominion of . 63.90, August 24 Low .. Czechoslovakia Rep. 8s, 1951 L %% Rails, 1921, RAILWAY AND MISCELLANEOUS. . 7156, January 15 | High RiBHer 85, . 6552, June 20 Amer. Agr. Chem. 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 con. Ajax Rep Tron & Steel Twenty Railroad Common Stocks Used Are: C M & St Panl K C Southern Am Sugar Am Tel & Tel ‘Anaconda Am Can Am Car & Fdy Am Locomotive Am Smelting Atehison Atlantic Refining 6%s. Baltimore & Ohlo Del & Hudson Reading Lebigh Valle ; Baltimore and Ohio 6s. Canadisn Pacific Erie Tont e Ne Rorioit € Westeragers paclte Baltimore and Ohlo conv. 4148, Ches & Ohio lilinols Central N Y Central Peanayivania " Union Facite. Bell Tel. of Penna. 7s. Bethlehem Steel p.m. 58 Daily Movement of Averages: Industrials. Railx 96.70 87, Canadian rthern 6%s. July 28, F Canadian Pacific deb. 4s.. Lt s G T August Central of Georgla 6s Satorax ugust | Angust Central Leather 5 - : e Chesapeake and Ohio cv. 58. | Akt 1 Reeca Chesapeake and Ohio cv. 4%s. August 18, Friday i., Bur. and Quincy ref. 55 A. Mil. and St. Paul cv. 4% Saturday Monday . Mil. and St. Paul ref. 4%s. . and Northwesterneis. ... . and Northwestern 6%s. Thursday F i Chi., R. I. and Pa __1”.%"—“—__—7‘__ Chile Copper 6s 5 ose Costiol Maryiana o LIBERTY BONDS AT A GLANCE. Delaware and Hudson cv. 58 8 2 " Denver and Rio Grande imp. bs. MAE g fow, fign Tow Sessertes. Tield, i[;lamond nlhu;lh Ts- s Liberty 3%s. 101.28 9484 10060 341 D:“;fimed;‘;e;’o;" Liberty 1Ist 4s. 10168 9600 *10030 387 Erie gen. 4s. ’ Liberty 2d 4s . 11-15-42 10080 9560 1022 397 Erie pr‘mh,-l“,nll,.; f,"' 4s. ti‘l::ny 12:1‘ :‘,_is. 6-15-47 10178 96.00 10070 418 General Eleotric deb. iberty Vs 10100 9574 10024 418 gggg)ji:‘r_ ;:;e gm 192 Liberty 3d 4%4s... 10100 9674 10048 416 X000y L Liberty 4th 4%s 101.86 9386 10074 4.14 Victory 43s . 5-20-23 10098 10002 10066 384 Victory 434s (called).. 12-15-22 10062 10 10030 372 Great Northern 51 Hudson and Man. ref. Ilinois Central 5l;s. Indiana Steel 5s. Internation: * Closing bid. ATHEHFORYEAR == arine s. f. 6s.... International Paper ref. 5s B Kelly-Springfield Tire 8s.... Lackawanna Steel 5s, 192 Louisville and Nash. ref. 3%s Mexican Petroleum 8s. Midvale Steel cv. 5: rling ) tly. Czecho- oved to a wns, however, T. adj. 5s, 1967 new high ievel, reflecting the improved industrial and crop conditions in that country. Mexican Ol Tax Adjustment. Settlement of the troublesome expor oil tax questi 2 of 40 per e fe Pushed Up in Face of Bear- ish News Develop- » ments. . H. and H. deb. 4 rk Telephone deb. 6s, 1949. York Telephone ref. 6s, 1941. 5 Westchester and Boston 4% Norfolk and Western cv. 6s.. orfolk and Western con. 4s. of the tax will be set ts on the Mexican ugreement al bankers and Min of Finance a Huerta LABOR STRIKES A FACTOR orthern Pacific prior lien 4s Money rates conti to he Northern Pacific . and i. 6s. although the call Northwestern Bell Tel. 7s. lightly firmer tone f ioans by Money Rates Easy, With Call Showing Firmer Tone—Foreign Exchanges Badly Upset. Oregon Short Line gtd. ctfs Oregon-Wash. R. R. and Nav Otis Steel 83 A 5 Packard Motor Car 8s Penna. R. R. 6%s. Penna. R. R. gen. 6s. Penna. R. R. gen. 413s. Reading gen. 4s. = St. L. and San Fran. adj. 6s St. L. and San Fran. inc. 6s St. L. and San Fran. prior lien 4s A. Seaboard Air Line con. 6s. Seaboard Afr Line adj. 5s. Seaboard Air Line ref. 4s. eral projects requiring large financing being held in abeyance by the unsettled labor situations. NEW TYORK, August 26.—Quoted values in the bond and stock markets rose to new high levels for the year this week In the face of decidedly bearish news developments. These included the failure of the anthracite coal and rail strike conferences and the inability of | the reparations commission to rea | agreement with the German gov = ment. \‘ . Trading in the stock and bond mar- kets was on a more extensive scale| than at any time in two months, mil- | lion-share days coming back Into the| market for the first time since the lat- ter part of June. The underlying strength of the market refiected the | financlal community’s belief that there is little likelihood of further serous in- U. S. Steel . £. 5s. terruptions to rail traffic, that the coal Va.-Carolina Chem. 7%s strike is still capable of early adjus Virginia Ry. bs. ment and that the expected industrial Western Union 6%s. revival this fall will take place despite Westinghouse Electric increasingly unfavorable developments |= Wilson & Co. 7%s. in the European political and economic Wilson & Co. cv. 6s. situation. ‘Western Md. 1st 4s . Listed as Bullixh Factors. e T e e Bullish factors in the market were the The Year 1922 to Date on the Washington ion s announcement by Hoover Stock Exchange. Secreta that soft coal production would reach fshed by W. B. Hibbs & Co., Hibbs B: shing the Columbia river, with rgest run of fish for the entirs nin the Tobacco Products T: Union Pacific 1st 45 Union Pacific cv. 4 Union Pacific_ref. TO PUSH RIBBON CAMPAIGN. An advertising agency has been selected by the epecial ribbon com- mittee of the Silk Association of America. under the chairmanship of John B. Taylor of Phoenix Silk Manu- facturing. to further the campaign now in formation for the stimulation of ribbon consumption in this country. ‘ 6,000,000 tuns and three-quarters of normal this week and the 20 per cent wage Inrrease in the steel industry which was followed by price ad < of several iron and steel products. Wall | street construed the increase as an in- dication that a shortage of day labor was threatened. and that the heads of the steel industry were confident that the fall demand would' permit it to d pose of its products at profitable prices. The trend in most commodity prices is upward, but bumper crops will in all probability result in a continuance of relatively cheap grain prices. Further price reductions occurred during the week in the sugar and rubber indus: Building { tries. h BONDS. 0—Ana. and Pot. River R. R. 5s. Telphone 1at 5s... 1,300—C. and P. Telephone of Va. bs.. 270,000—Capital Traction lst 58 14,000—City and Suburban Ry. 1st bs. 2,500—Georgetown Gas Light 1st bs. 18,000—Metropolitan R. R. 1st 5s. 22/000—Pot. Elec. Power 1st bs 1,000—Wash. Alex. and Mt. Vei Fear Industrial Ination. * 23,000—Wash., Balt. and Annap. Fears have been expressed in some 911 15th St. N.W. 153,500—Wash. Gas Light gen. 55 quarters that industry is entering into . < ] 285.500—Wash. Ry. and Elec. C another period of inflation. As alleged Washington's 4 i 82,000—Wash. Ry. and Elec. gen. 6s.... evidence of this. attention was called in steel and to the advance Newest Office Building prices, the signing of the Clevelan coal p agreement at the old rate of wages, the g increased wages granted in the Con- H W, ¥ nelisville coke region and the offers of arry ardman 1: some of the large Massachusetts textile 1430 K ST N W . Main 4190 83,000—Wash. Gas 7%s..... ‘wages 130,100—P. E. P. gen. mort. 7s. 10,000—Riggs Realty (long) 1,000—Riggs Realty (short) 5i 100—Wash. Market Cold Storage b mills to rescind recent wage cuts. Foreign exchanges are badly upset during the week by the failure to agree on & reparations plan. German marks 6.400—Capital Traction . 67—Washington Gas . 62—N. and W. Steamboat 5,665—Wash. Ry. and Elec. com.. 49—Wash. Ry. and Elec. ptd.. 68—Commercial Nat. Bank 88—District Nat. Bank. 64—Federal National Bank 4—Lincoln Nat. Bank . 54 at. Bank of Wash. 15—Natlonlal He!l’oroll(l-n Bank. 5—Riggs Nationhl Bank. 68—Second Nat. Bank 387—Amer. Sec. and Tru 323—Continental Trust 156—National Sav. and 49—Union Trust 5%% MONEY We have about $1,000,000 to loan at 5% per cent upon inside business properties in Wash- sngion up to 40 per cent of value, or upon apartment properties at not to ezceed 35 per cent of value. Loans made for 5 years, or in special cases 10 years. 3,367—Lanston Monotype 160—Washington Market Wm. H. Saunders & Company 1433 K Street N.W. PANAMA CANAL TOLLS. A total of 251 ocean-going commer- cial vessels went ‘through the Pan- ama canal during the month of July. Tolls on these vessels -aggregated $1,094,127, as compared with $933,290 for 328 vessels in the preceding month and $804,603 for 306 vespels In July last year, William D. Twiss, agent of the Everett ‘cotton_ mill, announced today - that full-time operations would be resumed at the plant on September § at the wage rate in effect before the textile strike. The company. employs ap-