Evening Star Newspaper, December 27, 1922, Page 25

,? * RAILWAY COMMON | Bank of Washington Declares Extra Dividend—Metro- politan 109 Years Old. . A. FLEMING. call 200 shares of changed hands at A1l of the entire list failed to nroduce nother transaction, al- though in instances buyers and sellers were not far avart. After call there was a fair amount of business transucted with Railway mon again, the center of attrac- 67 The jon and ninety-six shares Sold in ots at 68. which still remains the high on this movement. althcugh he wrediction is freelv made of higher prices immediately following he advent of the vear 1923. when the £2.000,000 odd disbursements for the first of the montn will be distributed. Railway preferred nominal. with T4% bid and 6 asked. Here. too. the predictions are for a two to three point advance in the near future. pital Traction shares strong at ex-dividend, with but light Washington Gas 38 firm at 951 Bouda were generally neglected and r movement in this class cun be expected before . when the new investment Drovemnt Sturts. Extra Dividend Ordered. Direetors the National Bauk of at their regular meeting . declared the regular end of 6 per cent distribution of 1 semi-annual and an extra cent John Edmund Cammack was also ccted a director to 1l the vacancy scd by the death of Clarence W. ports of officials showed the vear o bhe one of the best, if not the very besi. in the long cereer of the fnstitution. Dire s ordered $100.000 taken from undivided profits and placed to surplus account and Tre- place the $100.000 to undivided profits. All emploves of the bank with the rxmpu ' of officers were given one- of one ith's: salary, in service during m. ation of faithful the vear Wetropolitan 109 Years Old. £ 1e National Metropolitan Fank s 4 years old. The elcetric sign on the front_of the bank building. which for i the past yea s flashed 108 ye: . will tonight announce the pa: of another vear. with the good old nk stronger than ever. with large de- posits and increasing clientele. Age has not dimmed the luster of © fis reputation. ner time weakened the slightest the strength of its solidity. Federal Financing. It is expected that the Treasury De- partment will make announcement within the next few days regarding | financing operations, which will_prob- | #bly be in the i ce of mare Treas- certificate issue of $300,000,- An Stores, Ine. X end of been_ declared ou_the of the Chapin Dairy pavable January 15 to the close of business 4 per cent preferred st Stores. Inc., <hareholders at Irecember 15. A. A. Chapin, president of the «hapin-Sacks Ice Cream Co.. is presi- dent of the company mentioned. The #tores of the company are New York. R Washington Stock Exchange WnMn:mn ""-BA.'::‘S-EI"‘ at 671, AF com.—100 at CALL, $300 at 637, $300 at Rws. and Elec . o, o 10 a1 10 Rion Gas Cail loans. 5 BONDS Bid and AskedsPrices. PUBLIC UTILITY. American Tel. & Telga. 4s. American Tel. & Teiga. 4 Am. Tel. & Tel. cfl. tr. s Am. Tel. & Tel. conv. 6s. Maones ioiiy PUBLIC UTILITY. American Tel. & Telga..... Capital Traction . Washington 6 Trus . BANK Washington Loan and SAVINGS Commeree and Savings . N w, ttk Tnsuranee .. ire Insurancy Natioval Union TITL 7 INSURA. WOULD DOUBLE STOCK. NEW YORK. December 27.—A spe- rial meeting of stockholders of the Stromberg Carburetor Company has : heen called for January 10 to vote upon an_increase in the authorized capital from 75,000 shares no par capital stock 1o 160,000 shares. The #tock established a new high record pesterday. reaching 70% and_closing oL 0%, which was 4% above Friday’s close. — $4,066,782 DAMAGE SUIT. MUSKOGEE. Okla., December 27.— 'nmuu of $4.066,762 are sought in it filed in federal court here by |l| Kansas Natural Gas Company, its subsidiary, the Marnot Mining Com- any, and the Empire Natural Gas Company against the Owen-Osage Oil and Gas Company, a laware cor- poration. litigation involves )'”e' to 165.760 acres of Osage Tn- "lln lands. LEADS LOGAL lISII con- i | Received by Private Wire BY WiLLIAM F. HEFFEMAN. W YORK, December 27.—The| reaction which set in just before the close Tuesday continued throughout the greater part of the curb trading today. Profit taking in many recent leaders of the oils and industrials brought ubout lower levels and had | an unsettling effect_upon other sec- | tions of the list. | Durant issues featured the traqing in the industrials, heavy realizing| sales resulting in sharp reaction in | both the Delaware and Indiana ishares for the first time since the| campaign for higher prices started | over three weeks ago. Save in one| or two instances. others of this group moved sympatheically ~ with the | Durants. Mercer Motors ran into| rather large selling orders and lost | a good part of the recent gain, but | price changes in others of this group { were generally fractional. Haye& Wheel w. n exception and Iheld firm, in respoMse to reports that NEW YORK. December 2 lowing is a of today lowest and closing prices for the most active bonds and stocks dealt in on the New York Curb Market: Salewin, BONDS. Ik “High low F*\iiiet Packers e... 8 2 T Am Cas e o iy eiw e 1005 02 i 1 { { i i ' Taat Osage 1 11 United Ol Prod & 3 Vacunm Ol 7 2 l w i B34 ... T e DARD OIL 1SSUE: in 1400 Anglo-Am 0il tantic Lobos PL H T Tranait - ) Northern P L’ ) P P L. > oil 42% satoe VINDEPENDENT 011 STOCKN in hundreds Amer Fuel Ol . kN e Syndicate .. *3 Federat Ol o 70 100 Keyxtone Range & Kirby Pet . X alt Creek new. 12 Sapulpa Ttefla | to the Interstate Commerce Cq = {the Maine Centr: Direct to The Star Office. the company is about to take over the Imperial Wheel Company, with plants at Flint, Mich. This acquisition will bring Hayes Wheel closer to some of its larger customers, including Buick, Chevrolet and Durant. Peerless Mo- tor was another exception and reach- ed better prices. Nealizing sales brought about re- cessions from the highs of the previ- |ous day in such stocks as Southern Pipe Line. Imperial Oil of Canada, Buckeve Pipe Line and South Penn Oil, the latter declining eight points between sales. Standard of Indiana, Standard of California, new, and the Kentucky shares displayed better re- sistance. Nouthern States Oil and Maracaibo led the decline in the independent oils, while Mammoth Oil advanced sharply on short covering. Seaboard Oil and Gas held firm reflecting the completion of its Whittenberg the Carmack pool in Texas. Gulf Ol of Pennsylvania started higher but lost the early gain in the after- noon. Mining shares were again active, but were extremely irregular. IN FOREIGN TRABE Commerce Department Gives ‘Out Very. Encouraging Figures on Cotton. Further increases in America’s for- eign trade were reflected today in figures compiled by the Department of Commerce, showing exports of cot- ton and linters for November to have been 858,337 bales, valued at $109,387,- 719. October exports of cotton to- taled 798,664 bales, valued at $93,- 923,760. The November total places the ag- gregate exports of cotton for the eleven months ending November 30 at 5,505,660 bales, valued at $593,529,727, and approximately $120,000,000 great- er than the value of the cotton sold abroad in the same period in 1921. The figures compiled by the depart- ment show a slight decrease, how- well % Tenn Flec Power. 1 Tean E1 P 24 »nl 1 Timken Axle new ool i 0 ever. in some lines of cotton goods. UK Lt Cotton duck totaling 816,740 square U R L aHe b vards was exported in November, TS Distribut While October exports were 9,000 yards greater. The value of the November 1 Wiire comme exports, however, was greater by 13 Willvs O Tut Bt 3400 0than that of October. 2 Wininers dotor svember exports_of unbleached MINING cotton cloth were 10,894,710 square 1 Youngstowa § & Tube Vards, against 12,732,332 square yards in the preceding month. Bleached cot- ton cloth aggregating approximately 8.000.000 square vards was sent out of the country in November, while October the exports were yards more. These decreases, how- ever, are offsej by increases in sev- eral other kinds of cotton cloth, but the exports of each of the minor grades were small as compared witk the bleached and unbleached. VOTE STOCK INCREASE. Aragon Cotton Mills Also Declare Stock Dividend. ROCK "HILL. S. C.. December 27.— olders of the Aragon cotton today voted to increase the st of the company from 0,000, and to declare a dividend of 133 1-3 per cent. 10 50 AmerTin & lunnl i % Belcher Exten ack Mine. 1 Davis Daly stock The dividend is payable to stockhold- ers of record on December 1. and al- ready had been approved by the board of directors. EQUITABLE Co-Operative Building Association Organized 1879 43d YEAR COMPLETED Ansets . Surplus Alin 2 Hill Top Nevuda 1 Howe Nound ... @ Independence Load. 20 Iron Rlossom 1 Kerr Lake .. Systematic Saving start the New Year right with lution to save sys- will tell you how easy it is Subscriptions for the 84th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOY EDSON. President REESIDE, Secy, 3T 10 U 0 West End Con ROAD SEEKS STOCK ISSUE. The Eastern Maine raiiroad applici mmission today for permission to issue $2.000.000 in capital stock. The road intends to build a new line from Houlton to Ban- c ing with the lines of JoH FRANK . Advice From Others ‘("HY intelligent people will accept anonymqus says-sos on investments is difficult to explain. When considering investments, clear- cut information is the essential need need that can be readily met by organization. otherwise a Over a e Quarter of a Century Without a Loss We €hall be pleased to discuss with you at any time any matters pertain- ing to your investment needs. In amounts of $250 and up, 235 Texon Oil 4 Turman Ofl m 14 Brit-Am To o Bkly City R R Budd 1 Lake Tr Bt Ist pfd 10 L MeN & L new., Sup of Del ... Y Transportation P ! 71 Standard Sotor 1 Stuix Motor . . 8 Bwift Tntl . © Technical T If you have money to invest, we can safely 5..“ it on gilt-edge m record of .“.’ your (:m mm-mt. Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. B. F. SAUL CO. MAIN 2100. 1412]EYE ST N.W. FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF S00 DOLLARS AND I.Tl'\V'AR.l)S Randadl I Hgpner # %, 1207 %nnccé&a/ .%ame Out of the Large Number of People Who Know How to Save, Few Know How to Invest FIRST TRUST NOTES as jssued by us, will be found to be a safe and sure method for the inexperienced investor. To Yield Bond Men Note Prominent New York, Phila- Baltimore delphia and ment Bond House desires to employ successful bond man with . Washington clientele, lor fidential. tisement. Address Box %9-H, Star Office 3.48% — 5.26% rpose developing ington office. Will llnre ln profits. Rare opportunity for right man. Strictly Our own men have been informed of this adver- Wh&t 1s a. Lwnng Trust'p Y5 Y Preratiian. (at5rert s e e g .| Joseph 1. Weller g, 1 & T A TS Invest- con- It is easy to save some- thing every month, and if your savings are well in- in time you independent. vested they will make The for you. unquestioned terly dividends. $28 per year. present issue will all week. be sold this DON'T DELAY. DISTRICT GUARANTY | CORPORATION | offers incomparably the most advantageous plan of making your savings earn When you buy units of its shares you get safety, sured earnings and quar- Units now cost $225 each. The dividend is COMMERCIAL as- The HOME 7th and Mass. - 3, For Sale: 3 % ON SAVINGS 15th and Penna. Ave. a written agreement by which you set aside all or a part | of your property to provide an in- come for yourself, a relative or other beneficiary. Under the terms of this agree- . ment you can have this company take over the responsibility for a part or all of your property and pay the income as you direct. right can be reserved to revoke or change the agreement at any time. . Any officer in our Trust Depart- | ment will be glad to discuss this matter with you. Call or for our booklet “Why a Living Trust?” The write Every Banking Service Capital and Surplus, $5,400,000.00 AVINGS BRANCHES 8th and H Sts. N.E. \ 436 7th St. S.W. Any part of $50.000 of the George- town Gas Light Company Five Per Cent First Mortgage Bonds. These bonds are in denominations of $500 each, cou- pons are payable in February and August, and dated August 1, 1911, and mature on August 1, 1961. They are also part of a closed first mortgage of $1,000,000 on the property of the Georgetown Gas Light Com- pany, of which $650,000 have already been issued. The entire capital stock of the Georgetown Gas Light Company is owned by the Washington Gas Light Company. These bonds will be sold for 90 and interest and will net the investor about 5 9-10 per cent and will be listed on the Washington Stock Exchange. «| Payments may not be made until January 10th. We recommend these bonds as a conservative and safe investment. ROBERT: D. WEAVER, President Georgetown Gas Light Company HOWARD S. REESIDE, President