Evening Star Newspaper, November 27, 1922, Page 27

’ s _FINANCIAL. “MERGY” EARNINGS ARE SATISFAGTORY Bills Payable - Heavily: Re- duced—President -Dodge FINANCIAL. to Loan | $5,000 Life Policy, ago 3. Bend date of birth for lisstratio Eu.n Assets over $200,000.01 Secured by l-t e e | »or ROY GOFF | ,l]mphl bVe'ller“"n's.vw | Roour 610, Woedward Biltgioe” M. C., MONDAY, NOVEMBER 27, 1922, cates. ‘The company proposes to buy 300 new freight cars with funds from the certificates and with other resources at its disposal. THE EVENING . NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office. STAR, WASHINGTON, D. C, MONDAY, NOVE) TODAY’S COTTON PRICES. | NEW COTTON EXCHANGE. Houston, Tex., Plans for $1,000,000 Building. teh to The Star. 'ON, November 27.—Plane have been perfected providing for. the con- struétion of a sixteen-story- building in Houston for a cotton exchange. This will b the largest cotton exchange building in the United States, outside of oDew York. It will cost nearly. In addition to this byilding, construc- tion s now in progreas involving ex- nditure ~of $13,000.000. Hundreds of New Private Estimate Has Bearing in Market. NEW YORK, November cotton market opened easy at a de- cline of 7 to 24 points’ under scat- tering liguidation and selling by houses with Japanese <connections. There was some spot house buying on the decline, but the 7allies of Jate last week appeared to have left. the market in a stightly easier technical position, and prices worked off to net declines of some s to 37. points EQUITABLE Co-Operative Building Association BY WILLIAM F, HEFFERNAN. NEW YORK, November 27.—The curb exchange today was again very Iuiels antefticd { ana rued dividend. The stock : i A acerued dividend e Standard Ofis.” which were the | gpened at 106% and quickly ran up to prominent leadérs on the downward | 108. side, rallied In most instances from | -Another comprised the voting trust < sie ks | Cottificates representing the common their low prices, but special stocks | i The TEh AN chnaiaB s Special Di HOUI 7 per cent cumulative preferred stock 27.—The of $100 par value. This issue was of- fered for public subscription at $104 per share and accrued dividend, and is redeemable after three years at $110 Out of the Large Number of People Who Know How to Save, Few Know How to Invest FIRST TRUST NOTES continued to fear the effect of forced | (‘orporation, under the plan adopted with Januar; Hopeful. liquidation and short selling. by 'the Interhorough ‘Metropolitan | Seies at 2526 and M l\‘lnrch hJanuary | homes are beng built. There s every - . Londholders committee on October 30. blds: Decom- indiesticaiit istyconattuctionffworctwilll Standard of Indiana advanced from | hondholders committeo on October 30. en-torty-Qive 2 ds: Decem- | continue unabated through the winter 3 A 8 5 the previous closo and Standard of | was 101;. These were actively traded 5 o’ 2aa e 25 1%, "Guier, | season- Systematic Saving A d b will be found to be a saf d BY 1. A. FLEMING. New York old and new gained in at lower prices and reached 9% |but steady. N A plan to make saving easy— as issued by us, a ‘€ an ler's pamphlet report for | ground. ~ lilinois Pipe Line, selling | hefore the decling was checked. Still — ROAD WANTS 300 NEW CARS. Save a little each pay day and ovember 27.— nother was the 40,000 capital shares| NEW ORLEA! decline in Magnolia troleum, | OF ar value of Cox's Cash Stores, Prairie Oil and Gas. and Vacuum Oil | Lhe first sale at 83, followed by com- appeared 0 have run its course. Ohio | Parative dullnes: sure method for the inexperienced investor. and the you will be surprised at the amount accumulated in a short time. Subscriptions for th cal year ended September 30, < received thls morning. The net galn from all sources, mak- ‘The Bangor and Aroostook railroad asked for Interstate Commerce Com- mission authority today to issue $250,000 in cquipment trust certifi- ‘While the low reovenlng of the cot- ton market today was mainly due to a poor Liverpool cable, the selling that followed the opening was caused ing allowances for depreciation and | Oil, however, reached lower le i Durant Heads Motor Group. b; = & by a private crop estimate of 10,049, Consult Our Loan Department taxes, was $2,304, R Gulf Ol Weak Feature. ! Durant common again featured the [ 000 bales. In the first half hour of 84th Issue of Stock t t In his remarks P. T. Dodge, presi £roup. reaching 561 on con-: trading prices fell 30 to 36 points to Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON. President FRANK P. REESIDE, Seey. I i Gulf Ol of T‘e’v‘maiyll\”‘lnln]wals a weal | e ea = i cature among the independent oils and | the company, called attention | {2578 200K, 100 O ChEloRtn Porders harmonious and pleasant un- { (o O e 3 DO MREn S rosn | nding between the corporation |upon the market. Mammoth Ofls, | v . and the company's | clags A, was up a point at one time. Drompt and efficient | Several nowcomers in the industria section made their appearance on the fered freely In the carl tape today. Tncluded among these was | ing, but made up some of Its loss in the $5.000,000 Campbell Soup Company | the afternoon. accumulation, with a larger iction of about a point. Others of at were active and firm Hayes Wheel and Reo. iction Publishing, which has red in. good demand recently, rad- .94 cents a pound for January. Noon bids: December. 24.65 JlnGu- 24. - dent. ¢ to the ders arch, 24.72; May, teady. Public Service Corp. of New Jersey N. & W. ADJUSTS WAGES. Perpetual NEW YORK, November $7.—Demand sterling today rose to 4.51%, the highest i SHANNON - & LUCHS to givi any has never discounted but remmx 6% Certificates A non-callable secu- .rity with a high cou- its them in Mr. Dodge accred ne Agreement With Shop Employes Also Covers Working Rules. ROANOKE, Va., November 27.—The Norfolk and Weastern 7ailroad has completed an agreement with its shop rules and NEW YORK, November 27.—Fol- lowing is a list of today's highest, lowest and closing prices for the most active bonds and stocks dealt in un] the New York Curb Market: cess of the extend tomer: company to_ its ability to l”ug credits and carry cus- obligations. Rills receivable to more than one-half of the 11 Federal 0il 1 1 en Gulf of Pa. Hudson 0il Kesstone Kanger. pon rate in perpetuity. A direct obligation of employes as to wages, hece: for having 1argo | geres BONDS. 2 Kirby Pet.. working conditions, the wage scale a company rendering amounts of cash on hand that mesa ‘thonsands, 2 8§ Latin Am Oil, adopted being that authorized by the DTS lc may be carrled is | & Aniea e ainastoa st Tator” Board. - The organization essential service to ackers fs.. SRR L Trobably one reason why extra distri- * fanmoth Ol Dution at this time was deemed im- posxible. hub. payable have been cut in two e about three - fourths of the population of New Jersey. Price. 98Y, and int. To yield: 6.079%. GRAHAM. PARSONS X Co. PHILADELPHIA New Yorx WASHINGTON 405 Hisss BLoG. Tefephone: Main 2655 through which the shopcrafts nego- tiated is not affliated with any union Appraising Your Investments 3 Am Repub Corp 63 Am Smelt & Eet Se. Anaconda” 6s. on any other road, nor with the American Federation of Labor. A contract has been signed by the Virginia railway and the Assocla- tion of Rallway Mechanics dealing with working conditions in the Vir- ginla shops. About 1,000 shop work- ers are affected. One hundred and twelve rules are laid down in the agreement. The question of wages is not In\ol\ed the road adhering to the policy of payving the wages prescribed by the L:bor Board, —_— STERLING UP TO $4.51 5-8 Highest Price Since July, 1019, Due to British Trade Balance, 'l'hu “financlal statement is as fol- lows: UST as a business house has the value of its plant and equipment appraised, so it is sound policy for the investor to go over his holdings, from time to time, and to make an appraisal of his investment position. Cot Graph e Cons Gas Bal 6s AL 1 1015 101 1035 aterial, manufactured U Linotypes in course Bt a Texon Ol & A ridal Osage Ol Such an appraisal should cover security of principal, rate and regularity of income, market- : ability, proper diversification, and taxable status. E:‘ s 971 PRT 8s cfs of dep. 07 Kansas G & E 6. 07 =5 2 2 3 3 since July, . This strength re- flects the continued improvement in British trade balance. Libby, MeN & 18 Louisville G B J. Munds & Winslow || MEMBBRS . Y. STOCK EXCHANGE N. Y. COTTQN EXCHANGE CHICAGO BOARD OF TRADE STANDARD OIL ISSUES. u--n Anglo Am o1l 89 Atlantic We shall be pleased to assist you in making a review of your investments, giving consideration to such factors, and making suggestions which may strengthen your list. vu; 1008 41 ,,J*,;,;g‘j:;‘m,m ‘WOOL MARKET DULL. BOSTON, November 27 (Special).— The wool market was dull, so far as trading here was concerned today, but prices are being maintained firmiy = and the undertone of the market was 20% | extremel 2| 3 k: b -:a:.;..-‘_ 22 y strong. A fair quantity of othing and combing wools are be- % ling bought for American account in London and Australia at good prices, jand contracts signed for clips which will not be sheared until next spring in the west have been at high price their tax pa are permitted at the usual th of » rict Our leaflet, “Points to Remember about Di- versification,” outlines some of the essential Di building B itonifaticaistatiie | 2 0 I factors in sound investment which should be Addison, 4 1013, 1013 ut that “some of them | 4 Hheil e it NEW YORK APPLE PRICES. Edmonds Bulldlng taken into account by the bond buyer. The paid half of their e = 1075 1074 40 St 4 NEW YORK, November 27 (Special). ’ leaflet will be sent on t. e T R | e Recelpts of barreled appies we 911 - 15th Street, West S e “‘“ “f the x‘nont 53 Argentina Ts '23. 097 99% «l 8t Oil New York.. 505 liberal. The bulk of the offerings at McPherson Squar 2 5 Fronch 4 . St Ofl ¥ York new. 43 consiated of poor and ordinary stock uere amn Om n O ew ol’ B. & 0. Earnings. a; g{:l o; o St Ol N Jersey new 375 and on such demand was limited, and w h D c Il October earnings of the Baltimore £ o 130 Vacoum OI....0" 590 the market dull. Baldwins best ashington, D. C. 3300 Vacwum Of} and Ohio Railroad Company for the month of October were released this Railway operating revenue 29, an increase over the same t year of $656,277. Operating expenses were $15,791,- brought mostly $4.26 to $4.50 per fancy, large, $4.75 to $5.00; ordinary, $3.50 to $4.00; Greenings ASKS TIME FOR PAYMENT. | best, $4.50 to $4.75; fancy, large. $5.00 to 25. The Reading Railway Company haa | '° =" 10 Repub of_Chile 7s. 2 Russian Govt 54w, % Russian_Govt 6% 3 Swies Govt 5138 44 U S of Mexico 4a. barrel; 811 Fifteenth Street, N. W. ‘Washington, D. C. Direct New York end R C— i 5 228 an increase in the same compari- | S8t jcpveTRIALS. appiied to the Interstate Commerce| pPORTLAND, Ore. November 27.— Chicago wires | AlaiaiOffice: soniiat o }fp”“mg income, §3.-| 18 Acme Z | Commission for an extension of time | Because of the higher tendency of the Guaranty T:ust Company ‘ 340 less than for] 10 Alum Mfs. pr of payment on $500,000 which mature | Wool market and the improved con- o192 3 . Charge it T AmalTLeather. August 1, 1923, The bonds are those ; dtion in the demand for mutton Building there have been considerable creases in the sheep flocks of Wash- ington, Idaho and Oregon this fall. of the P¥ | 25 BROAD ST., NEW YORK | raitway. delphia and Frankfort ubsidiary company. 140 Broadway, New Vork ‘Telephone: Main 5815 «d with the same period last year. Local Securities. Trading on the local list was very stricted, with nothing in Rallway mmon or preferred and but little in pital Traction at 102a102%. Some little trade in bonds, but noth~ iniz worthyof special mention. —_— Washmgton Stock Exchange All-of this stock having been sold, this advertisement appears as a maiter of record only Dean, Onativia & Co. STOCK EXCHANGE BUILDING . NEW YORK Capttal Traction—30 a¢ 102, 10 at 102, 10 at STOCKS COTTON ‘ $5,000,000 AL Security and Trust Company—4 at and < GRAINS P \ COFFEE AFTER CALL. BONDS SUGAR timore and Annapolls 5s— Campbell Soup Company (INCORPORATED UNDER THE LAWS OF THE STATE OF NEW JERSEY) Seven Per Cent Cumulative Preferred Stock Par value of Shares $100. Preferred as to dividends and assets Redeemable in whole or in part at any time after three years from the issue thereof, -at $110 per share and accrued dividends. On or before December 1, 1923, and annually thereafter, from out of surplus and net earnings, at least 3% of the largest amount in par value of the preferred stock that shall have been at any ene time outstanding, shall be acquired by the Company by redemption or by pur- chase; the Company having the alternative of depositing cash in escrow. MEMBERS: New York Stock Exchange, !\ Y. Cotton Exchange Chicago Stock Exchange, \ icago Board of Trade Associate Members of Y. Produce Exchange Minneapolis Chamb New York Curb Association. Com;crce [ et WASHINGTON OFFICE, Mm{l Floor, Woodward Building PHONE MAIN 2040. JOHN CALLAN O’LAUGHLIN, Manager, CHARLES B. ALLEY, Assistant Manager. - Potomac R. R. 55—$1,000 at Call loans, 5 and & per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITV. Mouey- rfection 22 Philip Morris "1 Prima_Radio Co. 14 3 Buceniz Hota P lou.‘ 18 Radio Cor 8 Repett] ay. 2 Reo Mot. fetropolitan K. R. Totomac Electric ist 7 Dt Bft Shar new. 35 Uni i 508 CENTRAL UNION TRUST COMPANY OF NEW YORK, Transfer Agent 3pd To Those Who Manage Other NATIONAL BANK OF COMMERCE IN NEW YORK, Registrar 9 U 8 Di 10 Unifled Zi b ok People’s Money CAPITALIZATION e e T Wiva Cp ame pf OL'R First Mortgages have stood the test of time SEVEN PER CENT CUMULATIVE PREFERRED STOCK ’:'"" 11 Winthers Motors and the careful scrutiny of the large and small Dividends payable quarterly, cumulative from Dec. 1, 1922 $8,000,000 $5,000,000 _ MINING. COMMON STOCK (No Par Value)..................... We wmnm.n'ze n part as follows from a lelter of Dr. J. T. Dorrance, President, copies of which may be had from the undersigned upon request: BUSINESS Campbell Soup Company is the new Corporation resul from the reorganization of Joseph Campbell Company. The was established in 1869. Its principal products are “Campbell’s Soups” and “Franco-American Soups.” EARNINGS: The net profits and income of the Company after deducting all charges, including Income and Profits taxes, for the four years and ten months ending October 31, 1922, have been as follows, as certified to by Messrs. Price, Waterhouse & Co., Public 1,000,000 shares 1,000,000 shares investor. There are plenty of Gilt Edge Securities lawful for trust investments in which a trustee can invest and be blameless if there is a decline in price. However, why run the risk of such losses when our Firt Mortgages return quite as hlgh an interest rate and are certain to return the principal intact? In amounts of $250 and up. “Over a Quarter of a Century Without a Loss” B. F. SAUL CO. MAIN 2100 1412 EYE ST. N.W. 20 Big Ledge. 50 Bost & Mont. 143 Bost & Mont ¢ -4 Canario Copi 59 Columbia Emeral s Cop Min tp cfa a e Washington Ga: Norfolk_& Wash, R "Terminal Taxi pfd. NATIONAL BANK. ital c.f .blll . incoln '\'fuqm Setropolitan 5 Howe Sound " 90 Tndependonce Lead. 3 : Accountants: | 1918 ........ cerer. $1510,320,07 L iWashington's Oldest National Bank : 1919 .00, i1l T1/804,964.92 « 1920 ...0.00 UL Ze1604008 AB Man’ T- LA S A ns 5 5h000055005 ceeeess 3,307,917.69 % 5:*;::’.:‘:."".“....“- ; : usy $ 1lme ; 10 months ending October 31, 1922, in excess of 3,300,00000 - FIDE INSTRANCE. —is too preclous to waste, which Rational Usios TITLE INSURANGE. "slumbla -Grapliophone com. f.‘il’u".;mi hrapllorhone pid. Tras d Stora, J.anston Monotype Becurity Storage. ‘Washington ket Yellow Cab PARIS BOURSE EASY. PARIS, November 27. ?fiets were Fasy on the hourse. today. Three per cent rentes, 59 (tlnfl 60 ecntimes. ‘hange on London, 63 franiks 92 funlim Five per cent lcan, 75 francs 80 cen- imes. b4 'l'he dollar was quoted at 14 francs 2% centimes, 8 West End .Consol. 50 West End Con ext. 2 Yukon Gold INDEPENDENT OIL STOCK. 20 Allied Ol ... 02 fact presents ONE reason for the preference men of affairs have for “Metropolitan” service. {Our various: departments provide convenient facilities for the satisfac- tory handling of any matter pertain- ing to banking, enabling all your financial business to be centralized— your time and energy saved. 27 Come In and let us tell you h 1} ') prepared to serve YOUR injereste "7 We're rslnliaj 1o 1814 3% pa,'-"j o Savmgs Accounta 2 National Metropolitan Bank Capital, Surplus & Undivided an- Over $1,700,000.00 | | 15th St., prmte U.. S. Treasury—108 Years Old | Mgd details in connection with this dssus will be subjest to the approval of Messrs. Sullivan & 7 Gm‘u and Messrs. Larkim, Rathbone & Perry, and this offering.is in 5 all respects subject to such approval. Price $104 per share and accrued dividend Delivery will be made (when, as and if issued and accepted by us) on or about Dec. 5, 1932, on two days’ previous notice, at the office of Goldman, Sachs & Co., 30 Pine Street, New York, N. Y., in th¢ form of tom- porary stock eertificates (or {nterim receipts) exchangeable for definitive stock certificates when prepared. We reserve the right to reject any subscription, in whole or in part, to allot less than the amount applied for, lnd to closé the lnblcrlpuon books at any time without notice. GOLDMAN, SACHS & CO. LEHMAN BROTHERS Whe-above infermation, wWitile not gustantasd, has been ohixined from SOETOIS Whish We Befiove to bo wellabie.