Evening Star Newspaper, December 29, 1922, Page 25

FINANCIAL. ®" 25 it ot tock distribution. 'x’r’:.'fi,fa:y A fi,c'kfif,u.r. meeting | September 30 last was 3$176,000,000, [ Jnd, voted the Inérease of and atter the 100 per cent stock dlv- commivaion. N U N °°l'" ‘Recelved by Private Wire Direct to The Star Office. . 1 quarterly | = CHICAGO, December 9.—A 100 per(dlana has been paying 3 % BY WILLIA! '« HEFFI £ i the regular the old stock. What the dividen: = = FUR $]m m man ;hlseré:::ry&’#lhm‘::“ a7a"8 per |cent stock dividend has been declared ;Fats will be on the new capitalization I briet period of erratic and conflicting |and unimportant. New: Jersey ZINC,| mne stock divid .Y Stewart, chairman of the board of H e lend was forecast on | directors, stated that dividends would Co-opel‘l | r e price changes, as the result of even-|at 173, made up the $2 dividend that |\ (00 5o T TS TR EEEEE O | 2 Eoverned by the earnings of the t"ie _B‘“]d“‘l | co Associati DuRoee Lk thoRatockholdary “°“"’| T oid capital atock of $140,000.000, l on FINANCIAL. THE EVENING .STAR, WASHINGTON, D. C, FRIDAY, DECEMBER 29, 1922. DIVIDEND [S DECLARED | in Whitin idend has' been taken care of Wil Special Dispatch o The Star. From Banks on December 15 |ing up ot accounts for over the year | “4me off that stock today. be asked to vote an increase of the|aythorized, but of which only $109.- o ::n‘l;:'mz‘n;.” il Real Btate First 0,000, in order to | value of $25 a shire. The company's TREASURY CALL NEW YORK CURB MARKET | |'®fCiCtiSTooK el eldh R XX L3000 Lite Eolier, $4388 By the Associated Press, ’l'ha Sl-n rd Ofl Company of In- ‘:L“‘li"_“_'&m_.‘ Wth & T nw ' Reom 610. W t - price changes by the directors of the Standard has not been indicated, but in a EQUI BL NEW YORK, December 20.—After a | hare, includiog dividengs, were small |Oll Company of Indlana. : statement to stockholders Col Robert TA E end, the curb market quieted down to- | pectation that anouncement of the capital stock of the company from '700,000 had been fissued, has & par Assets . Financing=—Local SI0okS | =0 0 Se snos sovrin | 553, a0 Rofperg 00 15 ride Surplus B Dean, Onativia & Co. [ Sremesc Swine Mortgage Gold Bonds Stock Exchange Building rly next week. Short covering in The coming year will be a New York Active—Another Extra. played a prominent part for & time|guch ‘stocks as Guif Ofl of Pennsyl- year of success if you will but STOCKS COTTON and higher levels were reached inlvania and Salt Creek Producers, for save many of the ofis and Industrials. But| e purpose of evening up.old con- stematically; by that we i mean save a little each pay day. - = | Subscriptions for th | Y i COFFEE tracts, brought about a sharp advance 84th Issue of Stock BONDS SUGAR BY L A. FLEMING. it was evident that very little new |in the former, while the latter gained Being Recelved buying was coming into the market | gubstantially. Shares, $2.50 Per Month New York Stock Exchange N. Y. Cotton Exchange Becretary Mellon Is replenishing the | and professional operators were skep- City Service Company announced Treasury by withdrawing large |tical about taking on new commil- . the declaration of the regular-month- P Chicago Board of Trade 1S F St. NW. Chicago Stock Exchange N. Y. Produce Exchange @mounts of money from banks, money | M€nts before the beginning of the!ly dividends, payable February 1. The JOAN JOY EDSON, President Associate Members of Minneapolis Chamber of Rew oA market had rather expected some in- FRANK P, REESIDE, Secy, New York Curb Association Commerce that has been on deposit since the re- Standard of Indiana. selling ex theicrease at this time, but inasmuch as WASHINGTON OFFICE cent financing of the 31 per cent Treas- 1100 per cent stock dividend gained |the stock had been going down for ury certificates, 4 per cent certificates | 81ightly when It sold at 59%. This'geveral days and a short interest had Main Floor, Woodward Building Phone Main 2040 &nd 4% per cent Treasury notes, all is equivalen to 119 with dividend |accumulated the news had no effect. JOHN CALLAN O'LAUGHLIN CHARLES R. ALLEY ¥ 3 agalnst the close Thursday of 117%., Durant issues reached lower levels, dated December 15. Southern States Oil was another in|but subsequently rallfed. Today the banks are paying in to their respective regional reserve in-| ypw YORK: Dacembes. #9—Tol.| stitutions $111, .400, $16.208.400 on|]lowing is a llst of today's highest, ihe first issue, 328,105,700 on the sec- | lowest and closing prices for the most | ond and $66.859,300 on the third and |active bonds and stocks dealt in on 8 Dolores Esper St b 1 the New York Curb Market: 35 Dryden Gold - On Tuesday, January 2. the banks BONDS, 5 Erama Bitear - ‘Will have to send to their regional H banks $78,747.800 more on account of the same issues, making $189.931,200 taken out In three business days. This is likely to have a temporary Stilfening effect on the money mar- Kket, which will disappear as the Jan- uary disbursements find their way back into the banks. Declares 2 Per Cent Extra. Another local corporation has dem- 23 Cortez_ Bllver #0ER UERR L RuBRLBBRG B RERR H N R R R e BRI REERRR.ER,, 7 F A o &} Am Light n- = Am T & T d P 260 Goldield Florence. 20 Harmill Div I unrxm- Si 1 Top Ne 2 Hecla Sitne Howe Sound . 800 Independence Iron_Hlossom Jerome Devel onstrated the fact that it :njcud a faansosc SE S e good year in 1432 by declaring_an extra ‘dividend of 2 per cent. The Norfolk and Washington mboac Company directors declured the extra and at the same time ordered the 1 quarterly distribution of & per cent. Directors admitted that the year prosperous. ook for Appointment. expect the appoint- { the Federal the next few understood that the for- governor will not be appoint 'd. 1S understood that D. K. ances are good. market for local securitie: @ forerunner of what nest w probably Lring forth. ‘Thore w l‘.mmr\llc G& E b the hest kind of an investment de- 3 \Ilullnha Prod T ; i i Elee 3y i Today’s the Day to Choose January Investments REPUBLIC OF CUBA Request of Bids for a Loan of $50,000,000, in Gold Currency of the United States of America Congress of the Republic of Cuba having by lawful legislative | enactment duly authorized the President of the Republic to issue and sell External Loan Gold Bonds of the Republic in an amount not to exceed $50.000.000. Pursuant to such authority notice 18 hereby given that sealed bids will be received by the Secretary of the Treasury of the Republic, at his Office. in the city of Havana, on the 12th day of January, 1923, from 9 to 10 A.M. for the purchase of these bonds. A brief description of the security, sinking fund, maturity, and other provisions to be contained in the contract to be made by the successful bidder with the Republic, is set forth in an ecutive Order of the undersigned. copies of which may be obtained at the Treasury Departm at Havana, Cuba, or at the Cuban Consulates WEmgguttheimmedim selection and reservation of January investments. We have recently purchased a number of especial- ly attractive bond issues, and prompt investigation will enable youto select just the bonds and serial maturities you most desire. | As an investment for January funds, such as— mand for bonds. many orders being placed in anticipation of tha receipt of dividend and interest pavments, ile nearly all the faverites in the howed on the silex sheet In.the cities of New York. Boston. Chicago, Philadelphia, Haltimore, San Francisco and New Orleans.—TU. § o bids will be con: ed to the Secretary demand, with fractio tending trom @ ess mm)neul in a sealed envelops Treasury preferred stock of the Wil be mailed tomor today ompany. Checks American Nugar s 1837, Books close American Tel. & Te, 6u 1 Tel, & Tel! 6x 1925 1929, as issued by us, will be found to be a safe and S W STRAUS & CO BSTABUSHED 1882 OFFICES IN THIRTY CITIES _— sure method for the inexperienced investor. Bethlehem Kteel Capadian Pacific Ceatral Leather SE Sk bl Copper Export - " ooe YA gs 1023 NATIONAL METROPOLITAN BANK BLDG., Consult Our Loan Department Telephone Main 5847 Washington, D. C. 40 YEARS WITHOUT LOSS TO ANY INVESTOR H FORE EXCHANGE. rtified check in the amount of $5 nk terest— ! (Quotations furnished by W. B. Hihbs & Cao f Cuba or of the ['nited Ba Int Successful bidders will be returned forthwith to the ndIn = coane ot | Bo terest: Havana, C'ul December 18th, 1922, ] Mm‘e Imw_ } M. DESPAIGNE, ALFREDO ZAYAS, i Secretary the Treamury. President. Bonuses— way comnion was traded in only Wayne Coal — ' to the extent of te shares, but th EIGN DS 1 price was 65% the top, with 681 bid EQUBIGNBONDS: —we recommend Straus Bonds, in $1,000, $500 and $100 de- HE nominati ielding 6 and 6%%, in serial ities from 2 Washington Gas was one of the active minations, yielding maturities #stocks on the list selling at 59 cash i i i 2 BRI roglar delivers: %t Sexicn - Out of the Large Number of People Who Know to about 20 years. Literature describing these sound invest- ale of Washington Loan and Trust STANDARD * | i i Compiny Stock wax miads 3t 550 2 share. Chratiania. How to Save, Few Know How to Invest ments will be sent on request. Please call or write today for Crgenthaler Sold at 17 . Harley Motor Dividend. Atlantic Lobos o] L SHORT-TERM BECURITIES. Directors of the Hurley Motor Com- Contipeatal and Selden trucks, have declared a 2 dividend of 2 per, cent for the last A A e s IS 1 quarter of the yeat on the 8 per cent American Cotton O 6 1924 i i | i 1 F000 e Dan. $1.000 at Mirs, $1.000 ¢ pors it 31000 at 98 Sales INDEPENDENT OIL STOCKS. in hund: oFotomac Eleetric £. & ref. 75—$1,000 at 20 Amal Royalty . 40 Amer Fuel OLl 4 Am Fuel Oil asbington Market and Cold Storage ds— . Capital Traction—5 at 10313 hington Rwy. & Elec. com—10 at 687 hington Rwy. & Elec, pfd.—1 Amefian Becurity and Trust Kennecott Copper 7s 1980. Livby. Mexell & Lb LIhby k0 Penn . Paol l.mon De ¢ Biga 1933 1 M Pln P 7:6“3 Memenmhr Linotype—10 st AFTER CALL. Washington Ruy. gen. 6s—$1.000 at 993, Washington Gas earhwentern Bl 7o Standard Ofl of Calif. 7 Tidewater Ofl 6i3n 1931 i Tnlon Tank €ar s 1830, 1 Fauity Pet p igineers Pet . w 1038, Westinghouse E. & M. 7s 1981. Roads Pay Men | For Being Loyal FOR SALE Durlng Strlke IN DENOMINATIONS OF KNOXVILE, Tenn., December 29.— The Louisville and Nashille rail- 500 DOLLARS AND UPWARDS roads on Christmas rewarded with checks for $160 to $350 approximately 1,000 men on the system for loyalty during the shopmen’s strike, it be- came known here today. BALTIMORE, December 29.—The Baltimore and Ohio railroad has given loyal shopmen $500,000 as & Christmas bonus, consisting of an extra month’s pay for those who worked full time during the strike and a graduated scale for less. Em- at 96, $1.000 at m‘n () ut D6 31,000 at - 94, £1.000 at 9. $1.000 :m.m:lm FIRST MORTGAGE NOTES Consider a Living Trust 150 Kerstone Ranger’ 1 Kirby Per Bid and Asked Prices. PUBLIC UTILITY. we Creek . S Tatin Amer Oil . 10 Livingston 011 American ERHAPS you would appreci- ate being relieved of the care of managing your property, if you could feel sure that the income from it would not be reduced and that you could resume manage- ment at 2ny time. npmx “Traction R. City and Suburban 3 Georgetown Gas 1st 5s. Metropolitan R. R. 5t Potomac Elec. ist 3a. Potomac Elec. cons. Elec. Pow. Alex. & {l L Alex. & Mi Wash., Balt. Washington Washington 1 ployes of heavy repair shops laid off MISCELLA? EDL'S ‘o1 |over '.hé holidays will resume Jan- D. C. Paper Mfg. 6e. ! 15 |uery 2. 5 1 R Rt or b : kS An arrangement of this kind Bacttey Bior. & fate bep. 1 b R T 9 10, | 31AMI, December 20._Representa- Wash. Market Cold Stor L e 15 Wilcox Of1 & 613 63 6% |tives of the Chanute Smelter Com- pany. a subsidlary of the American! may be made with the American WessRam Pk Hotel INUCEIRIALS, Metais Company, have leased 5000 STOCKS i 1 i [ ! i 88 28 % 53 9085 Omar 011 - 1z Lo . 5% 98 1 .t 3 ol ias b board O 23 350 .01 0 1 P . 40 Acm . PUBLIC UTILITY I \IHHI Plrk pr pfd. 1. 3 e Hawaiian 8 8, 36 nn. 10 g A uddy B 1 4 Light .. s Wach ey, & Fee, it 2 Wash. Bws. & Elec. pfe 5 1 Terminsl Taxi. pfd. & -~ Capital 1 : Coumbis’" 2 i g N Commerc! 1 Caban, Dom, Can Sug { fet. =5 DL &W Coal.. 250 ond 48 r fon Trust. 2 < h 200 It Is Easier to Make Money 2 Acme Coal . R & d ‘zinc land; here. T ivi 32 Acme Cont E B scresial llc!-g‘:l?w:ra-z‘;i;l\ 1":'5;::“:'{'2 i Than It Is to Keep It Security n the form of a Living E e ri-State lea % 1| S e el The property adsoins | Trust Agreement. 1% 14 2..700 acres controlled by Charles M. = o4 ogfh [ SchwAD- OURAGE and Industry make Galliorbwrite o e Money, but you need the rarer : iy 2 2% LOANS qualities of Good Judgment and Seli- . copy ot our et ay e denial to safely keep it. Our “Why a Living Trust?” s N4 If you have money to y g 43 4 u & ,gk invest, we can safely FIRST MORTGAGES 27 Dubllier C & Radlo. 19 Durant Motor ..... place it on gilt-edge first —provide for you the last word in ® 5 30 Paasral Teiegrapis '33 332, D. C'l st‘:“""‘l St Quarter safety and protection. You will not Every Banking Service 3 Gilette Saf Ra 28% 289 o ¥ —cannot—lose the money you invest 11 Glen Alden Coul. WY 56 your protection. of a = S 2 1 Goodyear Tire pfd. 29 % 332 ous treatment. Century with us. Our Mortgages are offered .3 A i 5 i o amounts of $250 and up, for a perio 4t Percy H. Russell Co. Wi ot titlires yeara : COMMERCIAL ‘ 211 SW. Cor. 15th & “K” Sts. 3% ov savixes Commerce and Savings o AUL CO East’ Washington Sav o n ” = bt 25 MAIN 2100. 1412 EYE ST. N.W TRUST 124, 3|l Government, 1 1 TITLE INSURANCE. '§§2 st&te, Y o prr s o W ol M L & C e % |l -Municipal organ, IVvermore 0. fl Bond‘ 15th and Penna. Ave. B 8 Lt & Ho = § 13 vsu&ne-tpf‘. 1 1 1 30 30 Members of New York 5 Winfners SMoloe o 9% o8 98 . —5.25% & o T e ot ' 823 Fifteenth St. N W, i £ Telephone Main 2790 New York ‘ i Becurity Storage. Weahiogton: Mariet. Capital and Surplus, $5,400,000.00 HOME SAVINGS BRANCHES 7th and Mass. Ave. 8th.and H Sts. N.L. 436 7th St. S.W. 3 1923 9% 100 3ys &Plenkr 13, 1923. 99 13-16 100 B3ts June 15, 1924 1 2 5'1- kr!e'llnbfl‘ 15, ‘ s Juze 15, lflu—-u-lfl lmlrll