Evening Star Newspaper, December 14, 1922, Page 29

EXTRA DIVIDEND ON| Bought, Sold, Quoted Received by Private Wire Direct to The Star Office. Standard of ]ndllnl. subsequently R- discriminated more so than on previ- [ acted to below its Wednesday final. ‘Washington, D. Co ous days of the week in the buying | Prairie Pipe Line lacked support and e NEW YORK CURB MARKET 6% MONEY CITIES SERVICE SECURITIES Directors Order 10 Per Cent |exchange toaay. tiating to- take over Maracaibo Ol Several of the motor and high- | EXploration Company falled to stim- for 1922—Union Trust |erade industrial shares were again|Soes, Suying inthe latter shares, 1416 F St. 3 79 well taken, but the upward tendency ‘Two-thirds of the stock of Anglo- . . A Extra, $40,000. { was not so pronounced as in the mar- | Eersian Oil Company is owned by the When investing your savings British government. The Maracaibo ket of Wednesday, and at intervals commnle‘s are in’ Veneruela. Clties fint oomsider sfety, then revenue. Don't let & Battering e 1 SR L. W. Groomes |trading became extremely quiet.with Service isues moved Irregularly, but x = e prices moving in na general direc-)were slightly higher most of the BE L A FLEMING tion. However, it could not be said |day, while Simms Petroleum was again © Al a meeting of the Real Estate|that weakness prevailed in any de- | freely offered. Title Insurance Company's board of [partment except In a few of the in- | Durant Issues in Dema: directors the regular semi-annual [dependent oils, where speculative in-! pe gemand for Durant issues con- fe Our record of 15 years in Recommending First Mortgage Investments Without loss of the, less of o single Upon with eavisble brider on L2 dividend for the half vear was de- |terest had waned recentl ' clared and in addition an extra dis- | Stocks Taken Off Curb. ;“'{‘j,:,‘{m‘;‘g?,‘;“:;‘m‘;"“ Peerlens was SEutlniGe 8 peyfcen@wanordered The transfer of Continental Motors | * Mining shares were again active, Let us manage and the new shares of $50 par value [but profit taking In this group b of May Department Stores to the New | brought about a slight recession in your Rental Prop- York Stock Exchange lessened activ- many of the recent leaders. Later, erty. Over a Quar- ity in the curb trading, as these had however, most of the copper and zinc Y the direr‘mrn In this dec Tepeated the <o that the st pany have received 10 per cent on their holdings for the year 1922. | been among the prominent leaders|shares moved upward, still reflecting ter of a Century otalls, furaieh osrtificate of title, t Beg Your Pardon! in_the present rise. higher prices for the copper and zinc nerie collect ‘and romit intersst the day dus. Several of the Standard Oil group |wmetal. New Jersey Zinc gained over perience. A limited amount in $250 up to $1,000 now on hand Bearing 7% The st; v n this col- S statement s made were pushed ahead under the lead of |2 points at one time. umn yesterday that the shareholders of the Union Trust Company would — B F SA‘ II CO receive a Christmas present of $20.000. L - . . . or 1 per cent extra on tha capital |, NEW YORK, December 1i—TFol- %X peciic lowing is & list of today's highest, 3 s i Siartecititace thay e lowest and closing prices for the most; .1412 Eye St. N.W. CHA|§. D. nSAGER 3 ac s and s > 4 o1 336 8t recelve a gladsome offer of $40.000, | $Etl\7, VORIR AOQ Stocks dealt in ony Main 2100 el the same being an extra dividend of 2 per cent. pavable December 24. i Sales in BONDS This s in addition to the reguiar | thousands. High. 112 per cent dividend for the nm.mer‘ Am Gas & Elec 6s i1y w! s B Am Smelt & Ref . 92 hich is payable in January. hn "T"' Corp ou.- “’u Am T & T 68 "24.... More Extras Coming. 1007, It is stated that other corporations | Anaconfapice 100% will hand their shareholders some- e 11 thing_ extra in the way of a Christ- nas bonus in the immediate future. it is a fashionable movement at this season of the year and the extras that have been declared on many stocks in the great list of the New York Stock Exchange indicate that 1922 has been a prosperous year for banks and cor- porations as well, while the econo- mies introduced and the new method of frequent restocking by merchants « has enabled them to make a much hetter showing from the standpoint of profit than in 1921. Leas for Reserve Banks. The tweive federal reserve bauks| and their branch oftices have not made the money in 1922 that they did in 1921. There has probably been less discounting by member banks during the year than in any of the years|* since the s: founded. Easy money prevailed during the entire vear. with a few flurries. and ihis despite the periodical financing operations of the United States Treas- ury. It is estimated that the regional banks have earned, gross, not more iBmrannE Aruour & (o 70 - MONEY TO LOAN Con G hate e AL Cons Textiles Ss. Gopper Export fs ON FIRST MORTGAGES P SIOT na Cop MeNamara Cres Dev National Tin .. 2 New Dominion Nevada Ophir Nerada Sl Horn. 7 Nipissing ... Ohio Coy Ray Hercules Tne n—a Hill Florenc AT CURRENT RATES OF INTEREST Kan ¢ m Pow Lt ans City Term Kenuecott Copper Laclede Gax 5 Lehigh Power. 7 So Am Gold & P Spearhead Gold Success Mines . Teck Hughes Tonopah Belm 11 Tonopkh Divider . 34 Touopah Extens’.. 1 Tonopah Min . 2 United Eastern United Verde Ext U S Continental 0 than $51,000,000 during the year. s Bary Cyinen * compared with $122.85 $181.997,000 in 1920, and $102.38 West End C Weat End Consol ¢x White Caps West Utah 00 20 Victory Divide Min. es this year are estimated 35,000,000, as compared with $36.066.000, $29,889.000 and $20.341.798 for tha three preceding years. re- § 0il o 1; CAOC R I T COMMODITY NEW'S 1919 ta 1822, $16.000.000, fli'::23§ : ; : W'IRED ST.“R ,‘ROM ENTIRE COUNTRY 1922 . to 1919, §16.000 respec- . 1001 7% First Mortgage Real Estate Gold Coupon Bonds We offer and recommend these bonds as a safe and sound investment for your available funds. Wasne Coal 6. FORE! Araentina 7 King of X $151.403,031 and $5 tivel After paying 6 per cent dividend to stockholders, the balance of the earn- ings must be paid into the Treasury i CHICAGO, December 14.—Inquirtes until the surplus equals the capital| 14 Russian Govt cf 5 1 ; | for new freight cars continue to flow “tock—6 per cent of the capital of | I3 Russian Govt gus’. 10" 9 o N eiulpmen o serv = Swiss Govt Sys.... . Abo X rs are bein; S e ot st e TS of Mexico 5. Pegotlated for In this. district, and Maturities may be had in any year from 2 to 12—thus providing, with com- fricts: then 10 por cent of the net will e gt western roads are said to be planning lete safet: high interest earning e 2 t T account and |Sales "ANI 01 8! S Y, S e eais (e b i units. purchases of 10,000 additional. plete safety, a higl carning through the years ahead, when lower in- terest rates prevail. Six banks have passed the eurplus| 700 Anglo-im Ol requirements while Richmond. Chicago, | 100 Atiantic Lobos Philade'phia, Cleveland, Dallas and St.| 193 Buckere P 1L Louis have not. The franchise tax may be used to re- tire government bonds but the net for this year will not go far in that line. 6% | . PHILADELPHIA, December 18— Scareity of coal has resulted in an extraordinary demand for gas ranges and gas heating apparatus. Arti- ficial gas is supplied here at 31 a thou- sand cubic feet. Railway common was active in a A small way this morning, but lively as | 430 I CHICAGO, December 14.—A e ompared with the slow movement 100 age of Ch »s here is pre- the 1ast week or two. A smal dicted before Ch although mu} at 637 and then 100 shares In Jots of supply is plentiful teday. It has been | diflicult to get cars to bring ship- “n o't riy shaves changed hands at o S s sl ents trom Ghe Woods 813 15th St. N.W. Liinston sotd at but all in FORT WORTH, December 14.—The one-share lots th: uld not be taken 12 116% | first of the new strawberry crop of as a criticism of the market. American Security and Trust stock form at 284, 4213 | market. This breaks all records in 1184 | point of time. T . Bonds were very slow, with a sale of % — Georgetown Gas 5s at 90. c etk ot 4TH| ATLANTA, December .14—Dealers|fl, Washington Chapter. : - - 0% ‘0% | in radio equipment today are doing a NEW ISSUES tremendous business In their speciaity for the Christmas trade. Buying has Bales Y514 Tuesday evening: December 12.|iabads. INDEPENDENT OIL STOCES. |peen stimulated as a result of the - 22, was a success from every stand- | = "h% | WDE | oo intimulaced o PoIn€. A, P Nelnon of Wisconsinde: | 175 Biks""8)! 08" 8" e P 9 g sk reas Ica es an o es iivered a very fine “heart eart” Boston-Wyo Oil. 3" 2 GALVESTON, December 14.—For e ;!a:rl:kg:! 'Real Requirements of Real rib Syndicate. & the first time since the war, importa- RRRdceiee Bt S tion of beet sugar seed from Holland, Dated December 15, 1922 Tl pman s petant Germany and other European coun- Part of the evening. It is hoped the | D e e 10 first| I Series TM-2 1923 3147 Certificates, Due Mar. 15, 1923 femalning open meetings will be as| = i 2 Raad ds the flent LR Series TD 1923 4<; Certificates, Due Dec. 15, 1923 S Fedoral ot » Washmgton Stock Exchange | The first open meeting of the year, B @ 1 SOLD FOR $28,000,700 . A Price 100 and Interest Texas Properties to Be Put on Auc- & tion Block Today for Not Less |l Subscriptions to the above mentioned issues will be 0 ¢ 40 Tiodson O i 30 Keatone Ka 1 Lowry Oil R4 & Latia Amer’ Ol Yl . ptd. 4 T nirican Security & Trast o108t 204%. Than $6,000,000. handled by us without charge AFTER LALL o 4 By the Assoctated Press, E‘“;"’,’;:lg‘"rw 7t ] %, 1at78, 1at iCOLBERT. Okla, December 1. Interest Stops December 15, 1922, on mey—Call loans—5 and 6 per cent. e Missouri, Kansas and Texas rail- . road’s properties north of the Texas v 3/ BONDS. boundary line were sold here today | [ U‘ s' “:to'y 4 4% Nom Bid and Asked Prices. for $28,000,700 at an auction sale. The . 2 PUBLIC UTILITY. properties were purchased jointly by Series A-F inclusive n- Omar O & Gax. J. W. Seligman & Co. and Hall Gar- Amer. Tel. & Telj 913, 215 Pennock Ol ten & Co. of New York, through . s : 7 : en : . of N - gh their X Amer, Tel, & Telgs. 4 100 lied Banic Oif agents. These Notes will be accepted in payment for the new is The Texas properties of the road|d] gueg of U. S. Treasury Certificates and Notes, dated De- Am. Tel. & Tel conv. fs. Aoacostia ‘and” Potom [ will be sold at Sherman Junction. | 13 'ot. guar. 8 near here, today, for not less than 2 % For '1"""332“4"'-‘: VB a4 TeD00 000 amaihe Wickies 1o, than | [} cember 15, 1922 it Tincsion N Northwestern branch will be sold at AR submerm Devol, Okla., Friday. Georgetawn ¢ The sale yesterday involved ap- © Matropolitan T It proximately 1,744 miles of trackage, CR ANY Potomac Elec: 1at 572 locomotives, 19,954 freight cars, 2 Potomac Eiec. cons. 3 = passenger cars, 2,202 miscella- Pot Bl Foer . neous cars, besides frelght and passen- Investment Bankers nenser stations. E. Schaff, who has been receiver | [ 823 15th Street N. W. of the road, will become president of the reorganized road. ROAD CHANGES HANDS. Buisa ity B R ey Ba S Y% 3% $%!st. LouisSan Francisco Takes Over smmoosi- h 1?{-., 201 It '| 'lrlhle Tire 50 D0 [ ::: ;:: Reorganized Line. 1c 213 2i3) NEW YORK, December 14.—The St.| | |f o ¢ } 3% 3| Louis-San Francisco Railway Com-| |5 M - 4 h e T D Your Maturing Investments % Daviter & H-dlo 26 o recentivreocean ved fintermationat= ¢ B D E 7 e orthern railroad, which joins s i {':‘::; x o«go_ylc ; 'é"u‘. 12& 1;& itelines in "°"'hu°f’2: T”‘fii",,,""’i o ! If you have an investment—bonds o;r ¢ Fifth Ave Bus Co ci chase, it was stated, wi t | securities—abo! < § Glen Alsen Coalr 53° 5 18" | to the approval of th Interstate Come | other ti ut to be paid off, - 1Geodyear Thee T2 105 104 104 merce, Commission and security hold- it you will want to get the highest return gl 1 Hanna M A CoTs pr mc 102 102 ot Acompanics: t /| Terminal Tas ora; + Heyde £ 2 Control of the International-Great eeping your principal constantly at 4 NANCHAT: AN 5 Bexden Chem. % 3% 2% Northern would give the St. Loulse < by ki princi ¢ Cantead n?fi Hudson Co pfd ... 1% 14 143 }San Fntn::hct;( ratiway more than 1,500 Y work. i)l miles of trackage along the Mexican 100y SN & £ &% &% % |border and central Texas. The Inter- i national-Great Northern went into the hands of receivers in 1914 when the interest and principal of $11,000,- 000 short-term notes were defaulted. A reorganization plan, worked out by J. and W. Seligman & Co. and Speyer & Co., bankers, was declared operative last July. VIRGINIA APPLES SOLD. Price of $3.25 Per Barrel Paid in 3% New York Today. Our organization is so planned that we can keep your mroney invested and rein- vested in First Mortgage Notes on im- proved Washington real estate, so that' your principal is earning for you withont intermission. T ARl R, .4 New Fic 25 N Y Tele Co ptd. 30N J Zinc .. ¢ These Notes are obtainable in denomi- nations of $100 and upwards. Call today and arrange to reinvest promptly the iy 4 £ f ¢ 14 = % | NEW YORK, December 14 (Special) funds made available by maturing-in- \ " 200 2% |—A carload.of 2%-inch No. 1 Virginia Mechanics. o1 16" | Ben Davis apples sold at the fruit FIRE INSURANCE. 2% |auction this morning_at from 3.35a G — 54 |337% per barrel. Barreled fancy, 11 2 S '8, |1arge, well colored Baldwins were in > §3 Youre Without Lose to.an Invester.: d . 14 | very 1 fm supply and prices general- { s 2% |1y hel dy, whereas greenings, 4 N 3 | which constitute the bulk of the of- ¢ o 8% | terings, continued to show wide 4 ? z . 10% | range in quality and condition, with 8 » ?" m-{kekt‘ dull except for strictly o a L ancy stoc i 5 A | BES 3 {727 152 Street NW. ; DAt o = Ll 10 Bix Leare i BAR SILVER PRICES. ; : t R 120 Bowe-& Moo . 4 | LoNDON, December 14—Bar snver, - : 3 3! 3! i ounce. loney, per S e e e mont s, % . een 2% Qencinental %1% in| NEW YORK, December 14.—Foreign 4 Gon Cop Min 36 3% bar silver, 633 Mexican dollars, 483 119 | the southwest is just reaching the e PART OF “KATY” LINES ({ Series C 1925 41%5% Notes, Due June 15, 1925 . Atlanta, Ga. Dec. 12th, 1922, A seml-annual dividend of “3.50% on the outstanding capi- tal stock of Boutheastern Ex- press Company has today been declared by the Board of Di- rectors oui of net income for six months' period from day,’ January holders of record on the books of the company bu!u;esq on Friday, December Cheques will be mailed J. B. HOCKADAY. Corporation Will Purchase to December 31, on and after Mon- . 1923, to stock- at the close of First and Second Trust Notes Warehouse Receipts and Make Construction Loans On a Fair Basis 811 Vermont Avenue N.W. National Mortgage and Investment | President. Cash Your Victory Bonds Ityou hold any of the Victory Notes called for | redemption December i 15th, them to our 1 You must be just to yourself before you can be gen- officeand we will cash them | erous to others, so don’t neglect your savings account for you without charge. This Payday, even though Christmas is just around the This applies to all 4%, |'| corner. Money laid away now will help brighten many Victory Notes having the !'l' a coming Yuletide. letter A, B, C, D, E or F prefixed to the serial number. e F.H.SMITH CO. ! Dounded 1414-1416 EYE ST.,N. W. First Mortgage Investments No loss to any investor in 49 years 1mmmn|m|||||||um||nu|suuHummmnnmmmumumummnmuumuuumuululmmunmulmummumuu|ummmmmmm Organized Tn 814 Ladics’ Dept: ™~ Open 8:30 A.M. Every Business Day c.znuc: W. WHITE g. IR OGILBY. C. LOUIS zcnon‘ szsnomo 911 F Street gift. H FOR CHRISTMAS PRESENTATION 873 | President President BENJAMIN W. GUY. ARTHUR N OPEN AT 8:30 A. M. DAILY | The Columbia Natlonal Bank ' Surplus $250,000.00 | Open Until 5 p.m. Tomorrow ---For the Convenience of ! ---Our Savings Depositors .‘ 1 This helpful bank invites xnmal savings deposits of as | little as a single dollar. If you've a boy or girl to remem- H ber, we suggest a Savings Account, as the most helpful GOLD COINS, IN ALL DENOMINATIONS, MAY BE HAD HERE, 3/0 Compound Interest Paid on Savmds i JAMES A. MESSER, FRANK J. STRYKER, v and Cashier MITCHELI ¢ President Assistant Cashier L, Open Until 5:30 P.M. Tomorrow Accounts essentially useful gifts. tures. ONE DOLLAR or more. OFFICERS: P. JOHNSON.... . Vice President GALES MOOE! ~.Auditor you. Start Xmas Savings q Initial savings accounts may opened at “The Metropolitan” - Savings Earn 3% e Compound Interest FOREIGN DRAFTS and CABLE TRANSFERS for those desiring Christmas Money sent abroad. Make use of our facilities. We'li be glad to serve Trust Dept. —THIS PAYDAY. at the OLDEST National Bank in the Distriet of Colum- bia, for those whom you wish to make g The boy or girl who is thus remem- bered will take pride in increasing the gift account, thus learning ways of thrift, and building firm financial fu- be with National Metropolitan Bank Capital. Surplus & Undivided Profits Over $1.700.000. 15th St. Opposite U. S. Treasury—108 Years Old O WCM‘ Established In Life F is a great comfort to the man who is advanced in ears to feel that he is well established in life—and that this standing has been brought about by his own personal, mdwxdual effort. With well earned satisfaction he looks back on his early struggles dnd realizes how much of his prosperity is due to thc habit of thrift acquired when still a young ‘man. If you too, wish to become well established in life you should start NOW to lay the foundation for future prosperity. A dollar deposited with us today is more im- portant than hundreds of dollars deposited in later life, for it's the EARLY start that counts most on the road to comfortable ease. Every Bankuzg Service 3% ov savines -COMMERCIAL . TRUST 15tk and Penna Ave. Capital and Surplus, $5,400,000.00 HOME SAVINGS BRANCHES: . Ave: 8th.and H Sts. N.E. 436 7th St. S.W.