Evening Star Newspaper, October 2, 1922, Page 25

(Quotations furnished by the Associated Press.) INDUSTRIALS. 100 Brit-Am Tob reg. 100 Bkirn Citr R R.. HusnbBy P FFEE 10 Swift & Co. 100 Technical Pre 200 Tenn El Pow. 200 Tob Prod Ex| 50 Todd Shiprards SO0 TUSL&H .. rts. . Ch 63 4000 Winther Mot A wi. 9% STANDARD OILS. 0 m. Marine 011 rritt 01 700 Mosico OIL N 1300 Omar . 100 Penn_Mex ‘Fiiel 200 Pennok il 4300 ed Rankn Gil 100 Alas-Brit_Col :m 1000 Releher Ex 3000 Riz Ledge.. 1000 Ohio Copper 100 Park Utah i 48 5 H 3 1 20, 5 61 73 5 1 08 03 4 az o7 4 8 £ 3 4000 West 100 West End C 200 Yukon Gold BONDS. 1 Am Cotton Oil 6s 3 Am Light & Trac 2Am T & Tr fs w w. 1Am L & T 6a 1924 13 Anaconda Copper 8. 10173 % ‘Anaconda Cop 7 '20. 1031y 2 Anglo-Am Ofl 7% 7 Armour & Co 2 Beth Steel 7a 4 Reth Steel Ts Na 1 Cop Exp 2 1 Deere & (o 7% Rovert ke 2 Sears, Roeb T 18 Shef Farms Aign w i mu« = Shawsheen 78 . > ginelair P L 5 FOREIGN BONDS. 5 Arzentine Ts * 10 Coblenz Ko 19 Kgdm Nthla § Kxfm Serba Crts 8s. e Y N H Fr 015 1 Swiss 10413 DRY GOODS VERY DULL. Tone of Trading, However, Is Ex- ceedingly Firm. NEW YORK, October 2 (Special).— The dry goods market was extremely dull today because of the religious liday. but the tone of what trading carried on continued exceedingly firm. Standard print cloths were in fair demand. with the preference ac- corded to the southern 68 by '72s, which were held at 10%. Sheetings were quiet, but there was no evi- dence of shading at second-hands. Sateens, twiMfls and drills were quiet but unchanged. The trend of the raw silk market continued firm, with manufacturers showing increased interest. The holi- day had a quieting effect on this mar- ket also. WOOL MARKET STRONG. Day's Trading Not as Great as Last Week Average. BOSTON. October 2 (Special).— Wool prices continued strong in Summer street today, but the volume of business transacted was not 0 great as the average day last week. The demand was unchecked for fine delaines and three-eighths blood combing and some of the coarser grades also came in for considerable attention. The small lots of cheap wools ‘which mignt be picked up for a time have almost entirely disappeared from the ket. ASKS BOND AUTHORITY. The Wheeling and Lake Erie road applied to the Interstate Commerce Commission today for authority to issue $850,000 in 5 per cent bonds, which will be deposited with-the Treasury as security for a loan of $500,000. Wi the money which the road expects the vernment to advance and with other nds at its disposal, debtedness of $1,800, Alr Reduction. Ajax Rubber. . Alaska Gold. Alaska Junear Am Agr Chemical. u Am Agr Chem pf. Am Be!t Sugar Am Chicle Co. Am Cotton Ofl. %™ | Am Drugsts L3 Am Hide & Lea nf fi‘m Am Internltlnnll 3% Am La France. 2% Am Linseed Am Linseed pf. Am Woolen. . Am Zinc & Lei Am Zinc & L4 p! Anaconda A Bir Atlantie Cst Line. Atlantic Gulf Atlantic Gulf pf.. Austin Nichol Bklyn Rapid Trn. Bkiyn Rap Trctts. Brown Shoe. . Burns Bros (B) Bush Term Dl ceee Butterlok.... California Pckng California Petrol California Pete p: Callaban Zine. P Chei & Ohlo pf w |. C & E I (new) Chi & E Ill pf (n). Chi Great Westrn. Chi Great W pf. Chi Pneumat Tool. Chi R I & Pacific. ChiRI&P 6% pf. ChiRI& P 7%Dpf. Chi StP M & O pf. Chile Copper..... Chino Copper. Coca-Cola, Colo Fuel... Colo & Southern... Columbia Graph Columbia Gas. Com Solvents A Com Solvents B Cons Textile. Cont Can. Cont Insurance Crucibfe Steel Cuban-Am Suga: Cuba Cane Sugar. Del Lack & Wstn.. Del & Hudson.... Detroit Edlson Dome Mines. . Dupont (E. L)... Eastman Kodak.. Electric Stor Bat. Endicett-Johnsan. Erle. . Erle 18t pt. Erie 2d pf Fllrbanku Co Gen Clgar. ... Gen Elec spl w. Gen Electric. Gen Motors. Gen Motors pf.. Gen Mot 7% deb. Glidden. .. Goldwin Corp. goodrich. Gray & Davis. Great Northern pl. Great Nor Ore. . Guantanamo lulr Gu\f States Steel. .. Hartman Corp. Hupp Motors. uy::-une Steel. illinols Central.. Illinois Central pf. ::urbuo Met pf. Interborough w.i. 28% Intl Agri Chemical. 8% intl Agri Chem pf.. 87 intl Combustion E. l:’l!& Swaggasy 3: Eufagancsynsy 5 §%8 g 3 : !§£§=!=:=§3§sg=§ 83353383 % refined su Pric Dofats n Muillins Body. Natl Acme. . Natl Biscuit pf. ... 124 Natl Cloak & Suit. . Natl Conduit k. . i N YN H & Hartforc N YO & Western. . N Y Shipbuilding. . orfolk & Western. 120 Nanh American... % North American p! &% Northern ..'. L Qo Body £ BI... 7 24 . 284 <1544 . 99% Pac Development. . Pac Gas & Elec. Pan-Am Pete (B).. Pennsylvanta. .. Piggly-Wiggl: Pitts Coal. Pond Creek Treseed Stes O Producers & Ref. Producer & Ref p! Public Servof N J. [on wev voxx BONDS srou excauc ]| BN]S ARE FIRMER mnymwom UNITED STATES WAR BONI High, - 10080 FOREIGN GOVERNMENT, STATE AND “UNlGI;lAI- - Dominican Rep 6%8 ““. Dutch East Ind 68’47 6% Dutch East Ind 6s '62 French Goyt 8s. Queenslana Rio de Jan Sao Paulo, City of, Sao Paulo, State of, 8 Seine, Dept of, Utd Kingdom 6% Utd Kingdom 5148 S MISCELLANEOUS. Ajax Rubber 9% Am Agri Chem Am Bmelt & Ref +t | Am Sugar Ret Rallway Steel Spr Ray Con Copper... Reading. Reading 1st pf. Reading 2 pf.... Replogle Steel. Rep Iron & Steel StL & San Frpt.. St Louts Southwn. . Arms Saxon Motors. Sears Roebuck. Shell Union pf.... Southern Rallway. Southern Ry p! Spicer Mfg Co Standard Mill Standard Mill DL . Stand Ol of Calif. . Stand Ollof N J. Stand Ollof N J Snrlln‘ Prod Texas Company. .. Texas Gulf Sulphur Tobacco Prod pfd. Trans Contl Ofl.... Union Bar & Papr Unlon Pacific i United Drug. ........ United Drug 1st.. United Fruit... United Retall Strs. UBSCastIrPipe... USCastIr Ppf. U S Express.. 53 33ffsgngs; g3 Webber & Heilbra Wells-Fargo Exp. . ‘Western Elec ptd. ‘White Eagle Ol ‘White Motor. Wickwir ‘Willys-Overland, Wiliys-Overland p ‘Woolworth ‘Warthington Pmp. szuugfiggqfiag 1 RFL ALY 2{ 8 EE3 T NEW YORK, October 2.—The early raw sugar market was firmer and prices were 1-16 cent higher to the basis of 3% for Cubas cost and freight, equal to 5.02 for centrifugal. There were sales of 51,000 bags of Cubas prompt shipment. Raw sugar futures were firmer on trade and commission house buying, prompted by the higher ruling of the spot market and a better inquiry for at midday were 9 to 10 et higher. Renned sugar was firmer and un- changed to 15 points higher, with fine granulated quoted at 6.25 to 6.40. A better inquiry was reported. Refined futures nominal. BOND ISSUE AUTHORIZED. The Tennessee railroad was suthorized today by the Interstate Commerce Commissior. to issue $600,000 in first mortgage 6 per cent bonds, Smom ln general mortgage bonds romissory notes sggregatin un 245, e securities will be used ln bfinging about the reorgagization of the com- pany and takng up the debts o( its Eredecauar, the Tennessee . Rallway pany. rrmnmn’ STEEL PRICES. NEW YORK, October 3.—Steel prices f. :0. b, Pittsburgh per 100 pounds: Blue annealed .‘,‘ifih .x.lon’ls gl vanizéd sheets, : black shee 3.3583.73, Steel bars, 3.00a3.35, Am Tel & Tel ¢ Am Tel & Tel cl tr Am Tel & Tel cl tr4s. Bethlehem Bteel p m Bethlehem Steel s £ 6 Braden Copper 6s. Hklyn Edison 7s C. Bklyn Edison gen §s Bklyn Union Gas 7 . 116 Bush Term Bldg bs 1960. Can Gen Elec deb 6 Central Leather 6s. Chile Copper Cinci G & Elec 5%s '62 Colum Gas & El 5s sta. Commonwealith Pow Empire Fuel & Gas 7%: Fisk Rubber 8s. Framerican [ D Goodyear Tire 8s 31, Goodyear Tire 8s '41. Holland-Amers f 6s. Humble Ofl & Ret *l Illinof lndllnl Bl.. b1 Inter Agricul Corp Inter Mer Marine 6 Julius Kayser s { Kelly-Springfield 8s. Lackawanna Stl 5s '50. Liggett & Myers 7s. Lorillard 7s. ..... 9% | Unjon Pacific 1st 4s, New York Tel 6s '41. New York Tel 6s New York Tel 4%s. Northwest Bell Tel 7 Otis Steel 7% Plerce Ofl deb 8s. 98 Producers & Ref 8s Wll‘.. ur Sinclair Crude Ol1 5: Sou Porto Rico Sug 7 Stand Ol of Calif 7s. Union Tank Car 7s. United Drug cv 8s. United Steam Copen 6s. . U 8 Rubber 18t & ref 5s. . U S Rubber 7%s. RAW SILK STRONG. |, NEW YORK, October 2.—Raw silk, strong, prices per pound: Kansal double extra cracks, $.26a8.45; Kansai best, No. 1, 7.95; Kansai, No. 1, fii, 7.90a7.95; Shinshu, No. 1, 7.85a7.90; Canton exlfll A 14-16, 7.85a8.00; Shanghai, China, steam fil, gold double deer, 8.60a8.75. SCOTCH WOOLEN DEMAND. n demand for Scotch tweed: despite the recent enactment of the tariff, according to from the Scottish Woolen Trade-Mark Association. The organ- ization, in a statement just issued, appears much encouraged over bui ness prospects for the coming yi and reports that the mills represented in the organization are booked up for the next four months. The demand for the coarser and medium grades of woolens is/not so great, as these are the grades that compete with Ameri- can-made wooléns produced in large quantities. Low. % [ 108% ] Chq -Ch 50% lA! Lchbl. High. Low. Closs. ny% Canadian Pac deb 4 Central R R of N J b5. Central Pacific 4 Ches & Ohlo cv & Ohio ov 4% Ches & Ohio gen 43 Chi & Alton 39 1949. Chi & Alton 3%s $isghas=sgnakanzgs Chi M & 8t P cv 4% Chi M & Puget Sound {s. Chi & Northwn Del & Hud 5%s. Den & Rio G con 4%48... Den & Rio G 1st ref 5s. Detrolt United 4% Erle 1st con Erfe con ext 7 rie gen 4 rie conv Erle conv Erie conv 4s D Erie & Jersey Grand Trunk s f deb 6; Great Northern gen 7 Great North gen 5% Green Bay & W deb B... Hudson & Man ref 5s. Inter-Met ¢14s. Integ-Met 4158 ctfs sta. Inter Rap Transit 5 Inter Rap Transit 5s ct. Inter Rap Tranait is wi . Inter & Great Nor adj Lake Shore 4s 1928. Lake Shore 4s 1931. Lehigh Valley 6 Louls & Nash unified 4s. Manhattan Ry cn 4s. Market St Ry cons 5s. Minn & St L ref ext 5: Minn & St L 1 MK&T4sB. MK&T6sC. Northern Pacific 3s. Northern Pacific 4s. Northern Pac ref imp 6: Northern Pacific 5s. ash 1st ref 4s. Lyons-Med Pennsylvania gen 5t Pennsylvania gen 414s. Pennsylvanta § Pennsylvania gold 7 Pennsylvania con 414s. Peoria & Eastern inc 48 Pere Marg 1st Sou Ry Mobile & O 4s. Third Ave adj 5s. ToledoSt L & W Union Pacific 1st ref Union Pacific cv 4s. Virginian Ry 1st 5s Wheel & LEref4}4s Wheel & L E con 4s. ‘Wisconsin Cent gen 4 TOTAL SALES (Par Value): 1la.m.... 2465000 12noon... 4373000 1pm... 53%000 2p.m.... 6567000 ——e PLACES BIG RAIL ORDER. “Pennsy” Contracts for 170,000 Tons for 1823 Delivery. PHILADELPHIA, October 2.—The Pennsylvania road announces it has contracted for 170,000 tons of steel rails for delivery next year. The 1922 contracts amounted to 160,000 tons. The 1922 contracts were divided as follows: United States Steel, 78,000 tons; Cambria Steel, 37,000; Bethle- hem, 00, of which 8.000 tons go to the Long Island road., a subsidiary; g.;gzfl,w-nnl Steel, 9,000; lnllndflleel Practically all the rails will be of the heaviest type, weighing 130 pounds to the yard. —_— ‘FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbe & Co.) _Selling checks—dollar values at noon today: London Paris Brussel Berlin . Rome Madrid Zurich Athens Vienna By the Associated Press. NEW YORK, October 2.—Foreign exchange, Great Britaln— , 4.39% ; sixty-day 125% Belgium- ‘mand, 0710 ubleu. .0710%. Germany —Demand, 0515; cables, .005 9- 18 Holland- Dl‘fl. .3869; cables, Norway: and, .2715. Sewedn—De. mand, .2636. Denmark—Demand, 38. Switzerland—Demand, .1865. Spain— Demand, .1514. Greece—Demand, .0280. Poland—Demand, .001%. Csechoslova- kia—Demand, .0312. Argentine—De- mand, .355 Brazil—Demand, .1174. Montreal, 1.00 1-32. l B —— Production of motor vehicles forl eight months this year was 1,667,402 units, of which 1,607 senger cars and 15 reported by about ninety passenger car and eighty truck manufacturers. ‘August, the last month reported, was the second best thu- far this year, wuh an output of 2 cars and 24,064 tru k comparing with 263,027 cars n.mi 25,984 trucks 1n. Jluu. the peak month, MONEY TOC LOAN AND IN DEMAND BY GEORGE T. HUGHES. By Special Leased Wire to The Star. NEW YORK, October 2.—Bond quo- tations were generally higher today. Apparently the same influences which affected stocks governed bonds. Trading was on a smal scale. Buy- ing was partly speculatNe in origin and partly from deglers who seemed to have more confidence. The very high-grade issues were neglected. Prices were fairly steady around re- cent levels, but there was no tendency to advance. Uncertainty as to the fu- ture of the money market still pre- vailed. AS was to have been expected for- eign issues made the most substan- tial gain: Both the French Ti%s and the ench 8Ts went higher but at today's pricve the 85 were still more elght points below the high of th. year, and the 7%s selli; today around 96% compared with a high for the year of 106. The French citles’ {ssu sharp gain and the Seine at 87 were up 114 points. United kingdom 5%s of 1937 went above 102. The Belglan and the Dutch East Indies were stronger. Of course, all this was in response to more cheerful ad- vices as to the situation in the near east. Liberties sold at higher prices to- day than on Saturday, but the gains were not large. ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST Rendolt T Hognor £C : 1207 Gnnecticat (Bronce Total assetr over $15,000,000.00 * YOU CAN BANK —that payday deposit here to- day without incon venience. OUR SAVINGS DEPT. WILL BE had a Open Until 5:30 This Afternoon One Dollar or more identifies you with this big bank’s many thrift workers. Organtzed 1n 1814 3% Paid on Savings National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1 ,700,000.00 GENERAL MOTORS DIVIDEND. The board of directors of General Motors has declared a dividend of $1.50 a share on the preferred stock, $1.50 a share on the 6 per cent deben- ture stock, and $1.75 a share on the 7 per cent debenture stock, payable No- vember 1 to stockholders of record October 9. The Firestone Tire and Rubber Company Akron, Ohlo, September 23, 1922 The regular quarterly dividend of one and one-half per cent (13 5) has been declared on the 8 per cent Preferred Ntock of this com- piny. Pasable October 15th 1622 to Stock- iders of record October 1st, 1922, J. ROBERTSON, Treasurer MONEY TO LOAN In sums of $500.00 to $500.000.00 at Six and Six and One-half Per Cent. Before placing or renewing your 1st or 2ud deed of trust comsuitt: ' WELCH zosa spectatiat (Harry 8.) 16th and N. Y. Ave. Quick roplies. 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. Require Least Attention—we look after every detail for you. Main 4346-7391 Reasonable charges. Money to Loan Let Us Have Your Reservation at Once Loan Department 4 HANNON & LUCHS 713 14th Street Let us manage your Rental Prop- erty. Over a Quar. | ter of a Century —— Washington's Oldest National Bank 15th St., Opposite U. S. Treasury—108 Years Old Experience. B. F. SAUL CO. 1412 Eye St. N.W. __Main 2100__ EQUITABLE Co-Operative Building Association Organized 1879 424 YEAR COMPLETED To Holders of. High Interest Bearing Bonds Many bonds are now selling near “their call prices, but bond buyers cannot, as a rule, give the changing status of their investments sufficient attention so as to readily take advantage of the opportunities afforded them. We \\:ill gladly furnish information on bonds selling at or near call prices and also suggest reinvestment into nonécallable securities or those selling materially below their redemption prices. $4,408,629.00 $1,144,464.69 Atlnpt Our Systematic Savings Plan e s Ao e Investors are urged at this time to make a careful study of their holdings and keep constantly in touch with changing conditions on various bond issues. much if you pers Subxeriptions for the 83d Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON. Presideat FRANK P. REESIDE. Seey, Crane, Parris and Company Investment Securities 823 15th Street N.W. All Through Life One Should SAVE! VERY successful man will tell you that thrift is the founda- tion of wealth. One cannot independently survive in business without a certain amount of capital. It is the life blood of industry. Begin while you are young to save your dollars. Com- pound interest will add to your principal, until your nest egg grows large enough to help you attain your goal. EVERY FINANCIAL SERVICE COMMERCIAL 3% ON SAVINGS 15th and Penna. Ave. Capital and Surplus, $5,400,000.00 . HOME SAV[INGS BRANCHES 7th and Mass. Ave. 8th and H Sts. N.E. 436 7th St. S.W.