Evening Star Newspaper, November 20, 1922, Page 22

7. 0% , WASHINGTON, D. C.,i MONDAY, NOVEMBER 20, 1922. FINANCIAL. THE EVENING STA! FINANCIAL. pal EXPORT SHPHENTS [Geein Prosuce s ATIONAL BANKS T0] [ New oree come wamecer | |COTTON SPINNING [ oncemon e s o H Live Stock ‘WHOLESALE MARKET REPORT. Aetivity on the local wholesale mar- ket- this morning was lacking. About the orily product that showed life was lambs, which continue to remain high and in demand. The remainder of the meat market was dull and draggy. Butter and eggs. poultry and fruits and vegetables did not change over After | had se Judge George W. Sample need Grieg 1o serve a two- {and-a-half-year prison term he urged the attorney general's depart- ment 1o probe several other inei- dents In the “earl's” life, which he #aid, might lead to bigamy and other charge = Received by Private Wire Direct to The Star Office. by Half Years on Stocks Charge. CIHARLIVOIX, Mich, November 20. Alfrcd J. Walker Grieg, self-styled ‘Earl of Dunblane,” left last night in the custody of an officer for the state unl‘nthry at Jackson, following con¥iction early yesterday of lar- ceny by embezslement of monky paid him for stocks. Worn and haggard. his suav manner gone, the former financial wizard, whose checkered carcer of | stock promotions stretched across the ture of the independent oils, getting into higher ound on expectation that the dividend rate will be in- creased. Mammoth Oil was actively traded in, and moved over a range of about a point. i e of Consolidated Gas 1i 'mpathy with BY WILLIAM HEFFERNAN, Special Dispatch to The Star, NEW YORK, November 20.—Trad- ing on the curb exchange today was quiet, but with changes, for the most part, on the side of higher prices. Speculative interests again center- ed in‘pipe line stocks of Standard Oil companies and this group, with one or two exceptions, advanced to new Included among these were Prairie Pipe Line at 305, In- diana Pipe Line at 111, Buckeye Pipe Line selling ex the $4 dividend a 107, New York Transit up 8 points to 200, and Crescent Pipe Line at 42 Most of the high records were reach- ed fn the fi half session, after which profit- Ingy w responsible for reactions from the top prices. Southern Pipe Line®w: n exception 'GAINS IN OCTOBER Census Bureau Reports Much More Activity in Industry Than in Septeyranr. ASK TAX REDUCION Favor Commissioner Ru- dolph’s Plan as Far as They Are Concerned. ~ SHOW RAPID GAIN Steamers From Pacific Ports Crowded With U. S. Merchandise. Money to Loan Joseph I. Weller %, > Y Phoenix Hosiery rallied to 35%, but was quiet, while R. H. Macy lost frac- ly at 60. Coal res Active. Coal shares were prominent in the mining section and ‘were irregular. Selling of Southern Coal and Iron brought about a reaction of. five while Acme Coal was also Eggs—Strictly selected, can- dled, per dozen. B! average Te- ceipts, 56a57; southern, 56. Cold storage 230, b, BY L A. FLEMING. While savings banks are very well content with the reversal of the de- clsion of the appraiser to tax savings banks on the same busis as they do national banks, the fact that the mat- ter has been under discussion has started a movement for more moder- ate taxation by national banks. There is small question but what the national group wlill support the The cotton spinning industry was more active during October than in September, the aggregate number of active spindle hours reported for the month having been 8,289,885,446, com- - | pared with 7,760,863,470 in September, Durant Motors, atter a slight re-|the census bureau announced today. to the general tendency and lost 10 |ction from its high record at the| The average number of spindles Dolnits betwoen tates. close of last week, was in urgent de- |operated was 36,834.931, or at 93.2 Other Oils Irregular. top prices for the year. The demand |Per cent capacity on s single-shift ‘The demand Other Standard Oil stocks were ir- |for Packard common continued, and (basis, compared with 34,822.378, or BY J. C. ROYLE. Fpecial Dispatch to The Star. NEW YORK, November 20.—Exports ®f American goods which usually are Bccountable for the difference be- tween a moderately profitable year #nd one of extreme prosperity, are In- ereasing steadily at least at Pacific eoast ports. The sudden jump in ex- port shipments has been so great that cargo space is at a premium and sev- ra, per 1b., 18 spring_chick- keats, young, each, per 1b., 26a 65; fowls, each, Dressed poultry—Fresh-killed spring chickens, per Ib., 30a33: hens, per lb. 27a28: roosters, per Ib., turkeys, 50a keats, each, The Greatest Safeguard When you are considering the investment oung, Live stock—Calves. cholce, per 1b. 12%2a13; medium, per Ib., 12al: thin, per Ib., 649. Lambs, choice per 1b., 13 live pigs. 3.00a8.00 each: live hog®, - |{resular.” Standard of Indiana, Ohio | this stock reached a mew high on & .. eral coastwise shipping companles are | 1%, DIES plan suggested by Commissioner Ru-|(¢gular, Standard of Indiana, Obio | this stock reached a 8! at 93.9 per cent capacity in Beptem- of money, the greatest safeguard you can preparing to put some of their largest | Green frults—Apples, new, per bbl., [dolph for an assessment of 6 per cent | while Magnolia Pete and Standard of | Heavy selling of the Jugoslavia 8s|Per- Cotton spindles in placé Octo- have i vessels on foreign trade routes. i 00a6.00: per hushel hasket. nearby.|on gross commercial earnings and §|New York gained slightly. Salt Creek |followed the dissolution of the syndi- | ber 31 numbered 37,128,659, compared Ve 13 your own common sense. ki hipments of au- | 30a2.00: Delicious, No. 1. per bbl, 7.50; | per centifor gross earnings from sav- | Producers was the outstanding fea- with 37,075,407 be Record-breaking ship! 5 oranges, per crate, 5.00a6.00; Florida, |ings deposits, first being allowed to tomobiles and canned goods for Aus- | (002506, "Lemons. per bot.’ 6.00aT.00! | dpduct the amount of interest paid| NEW YORK, November 30_T¥ol Common sense tells you that there is a tralia, lumber for the Orient, wheat | Grapefruit, 7.0044.00. Cantaloupes, hon- | t8 savings depositors. lowing is a list of today's highest, 90 SEED 4 R s tor Bugland and lumber | eydews, 1.80a2.00. 5 Practically every national bank has | lowest and closing prices for the ! definite limitto the earning power of money, and apples fo . Fron Vegetables—Potatoes, per bbl, No. 1- its savings department, and this also | most active bonds and stocks dealt 2 2 = - and American-made machinery 15012.00; per sack, 2.0a2.50; No. 2. |is true of all but one trust company, |in én the New York Curb Market: o |Se or. . and that beyond that limit you are groping Central and South America are leav- |50a1.00. ' Sweet potatoes. North Caro- | while the trust companies also payf o, 19 | The average spindle hours, per spin- in il uncertai e Patific ports all the way from San | iina. 1002130 neurby, ‘1.50a200. "Lel- |enormous amounts of Intereat annu- |48 sl 4 |dle, in place during October was 223, perilous inty. > { tuce, per crate, 50al1.26. Romaine let-ally on checking accounts. & Allled Wackers @s. i 18% | compared with 209 in September. In Diego to Vancouver. {tuce, per crate, 50a1.25; Iceberg let-| Rates of interest vary between 3 3 Amer Cotton Ofl Gs. 9814 3 Siultand .0 4% | cotton-growing states the ave - Record Cargoes Carried. ituce. per crate, 5.25a5.15. ~Cabbage:|ayd 4 per cent in savings banks. 1 Am-Sumatra 7T3s.... 100% 12 Olemnck 3% | was 284, compared with 270 in Sep. Our Safeguarded First Mortgage Invest- Three of the largest liners on the | northern, 1. bbl. nearby | A million dollars of savings, draw- 53 |tember, ‘and in all other states 17 B 5o - run to the Orient and the Antipodes | cabbage, per bbl, 0 misBE- | Ing 3 per cent and yielding 6 per cent 38 |compared with 163 in September. ments in the Nation’s Capital are common have left Francisco within ten | plants, per crate. 3.00a5.00. ong 5. |revenue to a bank, providing every 31, | The active spindle hours and aver- 2 E The i . R e e 4 eargoes el 0 Bean® | dollar of i could be ioaned out at 54" | age hours per epindle in piace in cor- sense vestments. € interest return 18 3 Y e Jac ears. a - 3 ate, would return the ban! n-growin, S 2 i . they have loaded in ¥ per basket. Peppers. Per| 360,000 less 330,000, the amount of in- a0 I TS S THEE VIR urisg UOciobar the highest consistent with our record of: 0. e, D an.20. | Lorest paid to 'depositors. The sav- = Alabama. ~ 340.670,067 and _ 261; Sydney. while automobile shipmen pel "Celeryy per {2::“h::1‘klhve~'o‘;flfll n-y';ovgoro ce:& 1‘}':- o geo fin,lAss!.uzc.z‘.: and 283; North lo: . S 49 ts brought the total for 2 alance, $30,000, and the 1 | Caroling,1,580.113,699 ana 298: Sou the weak o over 15 machines. The | national bank 6 per cent on the oling, 1,450,226,463 Ana 284 Tem: Noflos ropsy myescoriateoyyears i jed 3. ons .000. nessee. 121.486,537 : :r:r?vlllelfl «”r'dfis ahd salmon. The stean Savings banks would thus be able 150,457,027 and sm."d 285 IV cslnt ¢ #hip Ventura carried almost as great | to pay a much higher rate of interest Prod. o bnnage of similar goods. 1 b p on savings than national banks or ? X 'Bot Foel Ol . i Shipping men here and at San [al.10; 150 pounds. 75al.75; sweets, trust compani g ooy Toel Ol Franciaco reported today that cargo {rel, 1.00a2.00; basket. 25a30; vams, | Thus readeth the law and the sav- INY Ofl...... e | . . L] Fpace was heing reserved for weeks !barrel, 2.00u2.25: beans, bushel, 1.00a |ings banks were right in their in- Omar Qli & G Gy in advance. Approximately 100,000 100. 3.00a4.00; brocoli.|terpretation thereof. So said the 4 Pennock 01l %undedl&%'} tons of wheat is scheduled forrqh‘lg- 5: brussels sprouts, quart, m};r;! o’f 'pp":""f'b‘ 5 = 2 Iy A 2 England from one Pacific e, ton, 8.00a10.00; savoy, ut the national banks and trust . - :‘oar':.l lgorrexfuundingly heavy ship- {bushel. 50a60; . 100, 3.0024.00; | companies may be expected to put up '1% ::lmlcp: Refia 1414-1416 EYE STREET, N. W. Inents are loading &t other harbors. |caulifiower, 3.50a6.00; celery. |a fight for concessfons in the matter, x : ' Milla Rushed. at least, for deduction of interest| 2 1 Lumber 3 pald to depositors before taxation. 1 A Lumber mills all up and down (h¢ Exemption Expires Soo | X Feather 8- D, s corking night an e Ui wiith e combined (i Js believed that there will be a 3NY, NE &R e Steel Output for Week Also Im- FIRST MORTGAGE INVESTMENTS he vely emand for tax-free On export and domestic demand. Tamber shipped away from the United States is being about evenly divided betweep South America and the orient although Mexico is making fairly heavy purchases ) The import business from the orient { to this country has fallen off con- > siderably. Many vessels are coming | back with partly empty holds or in ballast. Passenger traffic both ways peppers, 100, 500a bushel, 40a45: squash, basket. 2.50a3.50; tomatoes, crate, 3.00 4.00; turnips. basket, 15a20. Apple: packed. barrel, 2.00a5.00; shel, 50a1.50; los 100 pounds, 1.50 bushel, basket, 20a40 11,00a14.00 issues in the next few months, the more so as Congress iy expected to advance a constitutional amendment that will do away with the tax frees. Sentiment is strongly in favor of such action, especially among the so-called radical group in Congress. Upon_the expiration of five years from the official close of the war, July 2,-1921, $50, two proved—Loading of Cars | 2 Falls Off. do0p 3 STANDARD OIL ISSUES. ©Swmen ! Sales (in units). 300 Anglo-Amer Oil. 193 700 Anglo-Am € of 8 A. 281y 100 Atlantic Lobos . @ 1850 Huckeye P L. 235 Crescent P L By the Associated Press. 1 NEW YORK. November 20.—Con- tinuation of a high rate of industrial activity and satisfactory progress of barrel, 1 6 107 acuum QN by proclamation, box, 2.50a4.00 across the Pacific is very brisk. R 00, ‘basket 25a|000 liberty 415 are exemp FOREING BONDS. fall trade are indicated by the busi- 3 Electrical manufacturers are work- | 500, SR, tae | ToRCERCtar sty UUIyIL | €| 26 Argentina 7s '28 ness of the past week. Stéel produc. Mar]_n I ing more men than ever, before in | RUCLPPICS $106,000 fourth 4" iiberty loan’ ex- | 1if Alatly { k) [Eesiottheipast wak: » € 1nsurance T or 50147 men on the pay rolis, Selling Prices at 12:30. Thus the $105,000 exemption ex-| I3 Mexicas gors 3o 8 111p Jon ook :e"be':‘::::.:'s :.:: :; THIS OFFICE IS EQUI E an increase of almost 5,000 since Jan- | whear— red winter, spot, no |Pires within a relatively short time.| © Mexican govt 5u ‘04 163 1835 : " i HIS CQUIPPED TO uary 1. Orders booked by the company | quotation . 2 red winter, spot,| It 18 suggested that holders of this| 6f Mexican govt Gs... 83l 54 | DeEcent LOEJ the feonniry:s Ucapacity. P . I he. fivat ten months of this yeaT | 5375 - o Inter. garlicey, |issue may" desire to exchange for| % Rerqblic of Peru'dy 07° 1 Cotton consumption returns show that Quote Rates, Issue Policies and Certificates aggregated $162,000,000. %5: No. 3 red winter, | liberty 3izs, Panama 3s and Federal| 5 geb pf CBUls fia-.o 4l 50 our textile mills used 534,000 bales in = € 2 ‘Prices for mechanical rubber goods *November, 1.293s|and Joint Stock jLand Bank bonds. 3 100 octob et being 39,060 I Satisfactory Service and Co-operation Assured have been marked up by leading man- | ** |Such conversion {s permissible under a7 4 sure being; 19, TEer JEWELRY FLOATERS NE ufacturers, but quotations for }Ir:s Sales—None. , section 202 of the 1921 revenue aet. than for September, and setting a N I S MARINE as yet have not been changed by the | o/ C0b" Corn, new, 3.50 per bbl. Leaal Sccusitten. :'mw h{lz’l;orecnr;] for mny mont|h since FINE ARTS Inland Jarger producers. - | contract, spot. 31 per bu.: No 3. 824 4 ) g une, 1920. Soft coal production has REGISTERED MAIL Dry Goods Sales Growins. No. 4. no quoiations: track corn, yei- | Business on change continues un ; continued’at wirate aliabouti10aa0ne PARCEL POST TRANSPORTATION Household goods are booming all {1ow. No. 2. old or better, 88 and 90 |usually slow, w e leading trac-| % Arnold Couxtable tained siinceé the end of the strike. MOTOR TRUCK CONTENTS PERSONAL EFFECTS entirely nominal and tion shares & Biirn clty 1 R. SALESMEN'S SAMPLES aver the country and dry goods sales Perhaps the first sign of & seasonal have been increased materially by the l S slackening which must be expected is TOLEISE BAGGAGE with only a very limited business in; ma- older weather which has prevailed . 2. 55 per bu. asked; {0 e 1 Gas N Y r... 2 furnished of the statistics of car load- | . v 9 oy difficuity asked. s recorded. 11 Continental Mot 10 i 2 in' many sections, Extreme difficulty . 0550 per bushel; No. | Washington Gas notes, 715 per cent,| 3 (oS Hhat itk 108 ings. " Total Toadings for. the week Automobile Insurance Company i r @ X E .02 i 11 Dubii o . - & - = 2] brompt Sdeliverics ion. NerinE 500 S0 auetciions o/ SlLIA IS the € of i Eotome i Drrant gt 200 1% 000 carx. ‘which is some 20,000 cars of Hartford, Conn.—Afiliated with plumbing a i v o+ Electric ‘ompany at % 0 . ‘idelity P Fine Ind. 99 .99 b . , % y—Recelved 55 tons: market for ; 3 AETNA LIFE INSURANCE COMPANY which was the largest for the year. Such a decline is quite the natural ; thing, the peak of the traffic move ment generally being reached in Oc- tober and baving come this year, in { fact, slightly later than is usually the case. > Prices of farm products meanwhile {have shown a considerable degree of firmness. December wheat rallied to slightly above $1.20. which reports a igain of over 20 cents from the recent . -mg%ilow. A strong recovery in the for- ‘B17® |eign exchange rket after pro-, nounced weakness early in the week | jprobably was a factor, as were re- iports of large German needs for our] {commodity. At the same time offar- jings of wheat have been_ light and sentiment in the trade has become distinctly more bullish. Corn_also !moved into high ground for the' year, builders’ hardware and road 1 Ford of Can T 401 <hinery. Traction 5s at and Rallway 4s at 73 Buyers and sellers were so far .00a | apart in their bids and offers that| 2| it was impossible for sales to result. | Capital Traction was held at 103% with 101% bid; Rallway common, 63| % bid and” 67 'asked, and Railway | preferred, 77 bid and 78 asked, ex-! 3 and 91%. better grade of timothy in fair de- Paper mills are being rushed m‘r"fl':,d. t 18.00a20.00 per ton, and for capacity to flil news print and wrap- | 5900 mixed, 16.00a17.50, ping paper demand. Many publishers [ | Straw~—-No. 1 tangled rye 15 who had been holding off in hope of { 18:.0¢: No. 1 wheat, 10.00a11.00; N Jower prices now are making con- » 0 B .00a12.50. tracts for their 1923 news print supply. 'TODAY’S CHICAGO PRICES. o manufacturers are turning = & nus‘l;lvo::rco\-prings at top speed and | CHICAGO, November 20.—Although prices are very firm, due to higher | Wheat showed Something of an up- cost of manutacture and difficulty in | ward tendency here today during the lies of carpet y ngs, w ay touching a svcucingladequats) supp P I new high price record for the season. declines moon took place. The initial strength was ascribed to an advance in Liverpool quotations, but this was later offset by enlarged world ship- ments and by prospective increased offerings from the new Argentine crop. Besides, estimates of the Ar- gentine exportable surplus were rais- (oot e et AETNA CASUALTY AND SURETY COMPANY Comwult Your Broker. JOHN T. JONES, Mgr. . A. J. VOORHEES, Asst. Mgr. Branch Office. Woodward Building.—Main 18541855 Gr West Sugdr new.. Hayes Wheel Hudson Co pfd.. .. mperial_Tobacco. Lehigh Pow Sec. Libby McN dividend. It will probably be two or three weeks before the market recovers its wonted daily activity. Second National Coup. 1 The Second National Bank snr\ln8| a decided sensation today when it opened a branch bank at 1333 G street : northwest, in the heart of the up- town financial district. Bankers doing business in the im- mediate neighborhood were entirely i Out of the Large Number of People Who Know How to Save, Few Know How to Invest Flour Prices Advance. Leather markets are quiet, as shoe manufacturers, although they are working at or above normal. are fairly well supplied at the moment. Flour prices are adyancing sirup, both corn and cane, is in demand at 1 N American P & 33 P'ackard Mot 3 Peerles Mot. 5 1 Perfection Tire n.. # Phoenix Hove w i.. 3 Exima Euale O Stockholm, Ry the Associated Press. NEW YORK, Novenbe: changes strong. Great B: crown. excellent - prices. Tobacco growers. while they have not sold a great quantity of their 1922 crops, are in good position and prices are firm. Lake® navigation is golng on un- ed to 185,000,000 bushels, as against previous estimates of 148,000,000 bu- shels. The opening, which varied i from unchanged figures to half cent higher, with December, 121 to 121% ignorant of the neweomer for some hours after it had opened, when they started sending the customary flowers and greetings. t dio Corp. % 8% |mand, 4.49%; cables, {49%; sixty-day | 5 47%. France—Demand, | CRAXS 0= <34 |.0741; cables, . i the December future getting above cents as compared with @ price of + 52 cents in August. FIRST TRUST NOTES as issued by us, will be found to be a safe and sure method for the inexperienced investor. i Tenn Elec Do L06941, 2T 5 v 1 X cables, . " , .3920; cable way—Demand, .1836. Swed, .2680. Denmark—Demand, .2018. Switz- erland—Demand, .1863. Spain—De- mand, .1552. Greece—Demand, .0140. Poland—Demand, .0000%. , Czechoslo- vakia—Demand, .0318. Argentine—De- mand, .3675.. Brazil—Demand, .1262. Montreal, 100 1-32. Persdnal Mention. George W. White was at the tfonal Metropolitan Bank today. —_— Washington Stock Exchange BALES, Washington Gas 7%4s—$1.000 at 104, Capital Traction 55—$1,000 at 9715, $1,000 at checked and inland water ways will con- tinue to carry freight as long as' the weather permits this vear. * New England Alarmed As Prices Go Higher Bpecial Dispatch to The Star. . fand May 118% to 11814, was followed by moderate general gains and thena' setback to below Saturday’s finish. Corn and oats peralleled to action of wheat. After opening l4als cent off to 1 cent advance, December, 71% to 71% cents, the corn market hard- ened a little, and then underwent a decided setback. e | ENTS Let us manage your Rental Prop- 6 U 8 Realty Rhin. 2 Yale & Towne Mfg 14 Wayne Coal 5 6 Winthers' Motor .. MI Consult Our Loan Department 10 Bison Gold g Oats started % cent to %a% cent % 40 Belcher Exte BOSTON, November 20.—A more |, O8t3 StAfted b cent to Maj centopy. 5 30 Big Tedge erty. Over a Quar- eonservative feeling is apparent| 8USTd PIIRIIDAN LI, and later| Eotomac Elect e ol o onn S & B Post & Mont 08 BAR SILVER PRICES." : J L. " » §1,000 at 99%, $1, 5 i 2 - . enf throughout New England at present.| “g 0, (000 L MM Lo o |$1000 at sors, 10 ¢ 90X, ¥ o Bos & Mont Corp .83 FPRIC ter of a Century 2 Canario Copper. 170 Candelaria Min....0 .: 2 Columbia Emerald.. .51 11 Cons Cop M temp cf 4 Contlnental Minet 10 Cons Ney Utah 11 Cortez. Silver . 20 Cresson Gold . 18 Dear Con 8 Dolores Ew 1 Dryden Gold . 80 Emma Siiver Bankers and business experts attrib- ute this, in part, to disappointment ~ over the changes wrought by the re- cent election and in part to realiza- tion that raw materials entering into the manufacture of New England’'s main products have reached danger- ously high levels. Woolen and cotton manufacturers, while they do not dispute the fact that the statistical position of both 3% LONDON. November 20.—Bar silver, 321, per ounce. Money. 1% per cent. Discount rates, short and three- month bills, 2 7-16a2% per cent. NEW YORK, November eign bar silver, 643 : Mexican dollars, 49%. Experience. ) B. F. SAUL CO. 1412 Eye St. N.W. Main 2100 a prominent Chichgo trader express- ed regarding the world wheat situa- tion led to a material set back in values. Reports that England and France were to press Germany for reparations counted as a handicap on wheat bulls. The close was unsettled, 1 to 2 cents net lower, with December 1.18% to 1.18% and May 1.16% to 1.16%. AFTER CALL. . al asbiogton Ruwy. and Electric 4s—$500 a 15 Money—Call loans, 5 and 6 per cent. BONDS. Bid and Asked Prices. 713 14th Street 3 PUBLIC UTILITY. wool and cotton favors even higher | WHEAT— Open. High. Low. BLE prices, are frankly doubtful if they Duwmber ... 131 13K L1 Am. Tel. and Tel. con 0 Goldfleld D «can sell finished cloth at prices which T ‘Anacostia and Potomac 3 30 Goldfield Deep 2 08 Anacostia and Potomac guar. 5s, 87 10 Goldfield Oro will show a profit with raw materials mt present levels. Car Shortage Menaces Business in the South @pecial Dispatch to The Btar. ATLANTA, November 20.—The car ghortage is being felt mqre keenly han ever in the south. ‘allroads re using every available piece of rolling stock to move the tremendous Co-Operative Building Association Organised 1579 434 YEAR COMPLETED Ches. and Potomac Telephone 55 98 and P. Telephone of Va. 5s. 94 Traction R. R. 56 2 Some Points to Remember About Diversification .$4.657,969.50 Surp! ...81,180,88031 SYSTEMATIC SAVING ACCOMPLISHES MOST 9.80 9.80 DAIRY MARKETS. y Hercules Inc.. 5 Ra e Ao have canounced the | (QEALTIMORE. Md. November 30 100 Richmand ' Copper.. 5illo bettar argument as to the adrier, ) a0t PrROPER diversification is one of the first i (Special). — Live poultry — Sprin; chickens. pound, 25a27; Ia‘hornp 208 23; old hens, 20a26; leghorns, 20a22; old roosters, 16; ducks, 20a25; small and poor, 18: geese, 22a30; turkeys, 40a45; poor, 30a32; pigeons, pair, 25; guineafowl, each, 45a70. Eggs (loss off)—Native and nearby, firsts, dozen, southern, 56, Butter—Creamery, 1 systema! S int to what others have ae- B ilshes who saved systematically. bacriptions for the 8'4Il: Issue of Stock Being Recelved Shares, $2.50.Per Month EQUITABLE BUILDING urchase of seventy locomotives to e delivered before the end of the ear. These will cost in the neigh- orhood of $3,100,000. Orders placed y the road for rails and cars total #n additional $10,000,000. : fTexas Farmers' Wipe Out All of Their Old Debts {3 principles of sound investment. A strong investment list should contain rail- road, public utility, industrial, government, and municipal issues, suited to the individual . | ; nearby cream- eat 3 110 White Cape.. ladles, 33a34; roll: 3. Ingte o 3 & The . store packed, 31; dai ints Norfolk & Wai 8 Yukon Gold. .65 .80 . B . Ot "WORTH, November 20— |Process butter, 3sag6. = | s R Ty dpd B INDEPENDENT OIT, STOCKS. 915 F St. NW. reqduu:cx;;enm of the investor as to security i - JOHN JOY EDSON, President R roisel Taxt :‘RANR P. REESIDE, Seey. an| y!c "'J'flx“ today has enough rain for the first time in three years. This applies to the grain districts, the livestock couhties and the agricultural sec- CHICAGO LIVE STOCK MARKET. CHICAGO, November 20.—Hogs—Re- ceipts, 53,000 head; 10 to 20 lower: bulk, | Sipital, tions in general 150 to 210 pound averages, 7.80a7.90; few | Comme; . - = | District Rain_fell almost continuously injat 7.95; good to choice, 220 to 275 |patirery: some districts for a week. While |pound butchers, 7.9528.00; top, 8.00;| Federal-American . business slackened during the nczu:_x few held higher; packing sows, 7.00a | Liberiy FiEhis - 0 2 bt 2 desirable pigs, 8.00a8.35; heavy, | Lincoln - ia 7.55 i ; medium, light, | Nations! We have prepared aleafler which "discusses some interesting phases of this subject. It will be sent you on request. Mutual Interests {] The wide connections and long erience of Washington's OLDEST National bank enables us to keep abreast of economic conditions to the practical bene- fit of Metropolitan customers. {I Bring your business problems to our officers’ attention—we'll gladly confer with you with a view to furthering our mutual interests. ; 3% Paid on Savings Accounts National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,700,000.00 i Treasury—108 Years Ol If you will give us the necessary information . - regarding your investment holdings, we shall be-pleased to advise you whether, in our opin- ion, they are properly diversificd. & 1919 for the next sixt 75a7. 7,858,005 Ola debts have practically 7.75a7.95; light lights, 7.85a8.00; pack- | Secosd priped ‘out this' fall and farmers in [INE Sows, smooth, 7.35a7.65: packing | ™ RER Lo ity eneral have saved enough to start|sows, roughs, 7.00a7.40; killing pigs, | s merican Security and Trust. heir 1923 crops without borrowing. | g.00a8.35. Continental ‘Trust . Mool countles have begun to feel the * Cattle—Raceipts, 32,000 head; qua]- | National Savings snd fi"m. of improved prices and quick | ity very plain; native beef steers u’k arketing. F ing at 9.00 upward; b ‘western (Copyright, 1922.) gr:ners opening about steady; lower T slow, tending lower; bulk na- CAUTION IN DRY GOODS. tive beef steers of quality and condi NEW YORK. November 20.—Cau- tion to sell at 8.00a10.00; few well conditioned heavy wes ers, tion was the prevailing note as trad- ing reopened in the market for cot- ' Guaranty Company of New York 811 Fifteentl; Street, N. W. u.uoma « Washington, D. C. . Guaranty Trust Comgmy ‘Building T Organized in 3814 e X’I;,‘ ‘Telephone: Main 5815 ern éarly, better grade beef cows and heifers moderately active; canners and cutters 'fairly actlv .+ton goods today. Prices were fully | steady; bulls steady; lower grade |Corcora maintained by ~the mills, although | butchers she gtock aull, weak; stock- | Firemea print cloths and sheetings could have | ers and feeddrs opening around 15| Natiomsl been placed in large volume had the (lower; veal calves weak to 25 lowe: mille been willing to make conces- |bulk desirable heavy native Hulls | Columbia slon on goods for January delivery. |435a4E0; less desirable kinds around Real Estai There was some evidence of s ng | 4.00a &0 eal calves, early at second-hands, but the volume of | packers, around 9.00. - R it o goods offered at fractional declines | Sheep—Receipts, 2,300 fat o ‘was small. Sateens, drills and twills | lambs, steady to l‘rfllf, rly top, thaler Linotype .. were all firm. The local raw silk [14.75 to city butchers; 14.65 to shippers | 0id snarket failed to reflect the activity jand packers; f fllfud lambs, 12.90, and frmness of Yokahama, where|sveraging 336 lght wupp of gales of 1, Teported. | rangers; i genty on 2% to 10 | sheep steady; only 180 pound . fed | yeriow western ewes, 7.60, ‘B omx were Many des were off from gents. l‘rl‘Ound locally, . .