Evening Star Newspaper, January 5, 1923, Page 25

NA NCIAL. RESERVEBANK'S EARNIGS SLUNP New York Reports Heavy! Drop in Net Earn- | the NEW YORK CURB MARKET THE ' EVENING Received by Private Wire Direct to The Star Office. BY WILLIAM ¥F. HEFFERNAN. NEW YORK, January 5.— that the selling movement about. by the Luusanne conference course Thursday was finished by re- vewal of the upward movement from beginning of business on the ividence brought | curb exchange today. | mand York during tirely volume of vailing dur- Accord tssued. th the bank for the vear $1.461.000. TREEIU | $£11.341.000 | with $31.- | cost of run- just ended | compared preceding | 41 the bank paid the ! 00 lieu of”| v cent divi- amountir past tweive: months innual statement ded December 31 was th $26 Seompared w 000 The was compared while the year 000, as in the capital stock allocation cxpenses and . T Sur iry s tane Total payment to December 31, therefore. Woolnorth's Biggest Year. strict show the vearly W. Woolworth Com- of $19.858.1 total sale to $167 month eroased by of sales of the show 107 <tore 10.68 Decar these $13.045 ent state Dominion of Canada ported inereases in sales for De her and the full year hix shows, Mr. Parson sdded. “that every of the country well as nion of Ca ponded Woolworth tores eperit % and s having Hubert the Tavlor Burke \ppleton P. Donohoe, Sa Dubois Prescott Harwood, Harry A 0. Plerson, Ojiver Walker and How the report able “The company.’ stated proven servic 1 need. 1t b ce of the banks, aspe ‘he second trust and tax 1 el of peration, i contributed | mportunt d to buill ons in the District suppleme al Mention. on. Perso P. John tional Metropolitan Rank, made his first appearance at the bank ye since a severe attack of grip, overcame him on Christmas vice president 1k P. Tlarmon, former president hairman of the board of the tlommercial National Bank. has gone France and on a busine He zailed Tuesday on the Beren ot R i Yory vart | the | in meeting a{ aly o | { of With the annual automobile show only a few days off. this class of stock continued to he metively in de- Profcssional operators di ed. however, and the buying s by no means general stocks which minent recently were again the ‘tive leaders and Durant Dela- ware reach: ity be s in months, getting well above The Indlana stock, which hereto- e has moved only fractlonall ained over two points at one tir { Hlayes Wheel made a new high record 4t 40 befora the end of the first half Those | sesslon wnd was more active than in some time at its top prices. Willys and Peerless Active, Willys Corporation first preferred and Peerless Motor were others that sained substantially. . January ollow - £ i% a list of today's highest, lowest and closing prices for the most uctive nds and stocks dealt in on the New Curb Market Sajes in BONDE, High &% 1081 1014 Allied 8. Alum 7s 19 Alum %x n Am Cot Of Am Light Am Smelt & Refin Am Sumatra T Am Repub Corp Am T & T 6is Anxconda Anaconda Armour & Co T 2 Tloth Steel 7s '35 ¥ Eq 7S Manitoba Prod Natl Cik & Suit 85, T Nut Leather ... Cnited ¢ 2 Vacnum Ol s 3 Wayne Conl . of Nether 8. Gove ts.... vt Sin .. 1008 S of Mexico 1. 4075 s STANDARD OIL 18§ n unite, 160 Eureka Pipe Line.: ulena Signal Ofl.. Tilinols Plpe Line.. Impl 01 of Canada ~ Pipe Line.. n Pipe Line. 400 Vacuum Oil new... Sales. TNDEPENDENT OIL STOCKS. in hundreds. i Atk Nat Gas. Roston Wyo Oil. Washington Stock Exchange" SALES o7, %1 000 ay Patomar 1 Bid and Asked Prices. PUBLIC UTILITY. Awmerican Tel. American Tel , Am. Tel. & Tel. ¢ Am. Tl & Tel. coar. 6s. 1y ang Por Anacoutis & €. & 1. Tele e T Yol Capital Tractio ity and Suburban e, & & T omrgetown Gas 1si Matropolitan R It Potomae Elec. ist . Alex. & Mt. Veroon Alox: & Mt Vemon cif. MISCEL Faer Mfg. o PUBLIC UTILITY. & Telga.. . Rws Ttwy Terminal ‘Taxi _com.. . Terminal Taxi pfd. i NATIONAL BANK. s Capuat i : Bintri Farmers ‘and’ Mecha; Federal-Awerican SAVINGS BANK. Commerce and_Saviog: w tor American Corcoran Firemen XNational Union. TITLE INSURANCE. Cowumbis Title. .. &l Lieal Estate Title . 110 MISCELLANEOGUS. Dl Graphophone pfd.,. " Transfer and Storaj Columbia O1d Dutch -Market pfd. Lanston Monotspe. Secarity Bto Xellow Cab.. *Ex-dividend, Gulf Oil of Pa.. Hudwn OIL ... sitone Ranger.. Ritos ot Lance Creek . Latin Amer 0i Lisingston Pet Towry Oil Lyons Pet ... Nammoth 0il e 3 Maracalbo 0il 3 Merritt Oil Mex Eagle Mex Ol . Mount Prod Monng Gulr futug] Ol . 3 New Eng Fuel Ol New Mex Land il & Omar 0l &'¢ Pennock Ofl Ryan Con .... alt Creek Cin’ > Sapulpa Refin Savor Oil Acme Coal . Acme Pack Amal Leather Armour of Del ptd. Rorden & Co 5 Am Tob Co Cou Ivn Cits R_R. on 1141, i3] 33 Camphell Soup Cent Teress 4 Chicago Nipple Cleveland Motor Cleve Mot pfd.. .. 5 Columbus R P & L 4 Cox Cash Stores.. Curtis_Aeroplane Davies W A Dubilier € & Ra Durant Mot . Durant Mot o B & Shopfa 01 Federal Tele . 8% Fleischman: 331 Garland i iiilette Safety Raz 264 n Alden Coal .. 36% wodyear Tire ..... 11ig West Sugar new 5035 West_ Sugur prd 108 Hayes Whee 10 Heyden Chemical . Hud & Man R R pf 3 Hudson Co pfd ... Indust Fiber of ‘Am Inter Cont’ Rubber Ko Elee 18 103 41 941 Lneey Mfg Manhattan Marlin Armi Mercer Motor. Mercer Mot vot cfi 3 Mesabl Tron.. Natl Sup of Dei. New Fict Pub Co. N Y Tel Co pfd. Oselda Corpn. Patten Type. Phoenix 3 PrimaRadio Co. Radio Corp..... Radio Corpn pfd. 3 Repetti Cand; Reo_ Moto o SEEE FEE 233 U 8 Lt & Heat. U S L& 1 pta. Wediem KoMl a8 West Bnd Ches Willys Gor Wiathers o Brem o st pf. 0T gen llg 112 reports of the break-off of | 5 | that the company had run its | /0 \with Standard Oil.of Louistana, i sharply for a loss of over § points. bean i+ Black and White Cab Company in { Liabilities The Standard Oil group displayed less activity ard the price movement here was unimportant. Southern States OIF. among the independents, &ained ground on.the announcement had closed a con- whereby the latter will take Southern States production from its wells at nagkover, assuring Southern States of & 'feady market for its production from this gerritory. Tt was also stated that stockholders may 1ook for larger dividend distribu- tions tn e future. \City Service com- mon met selling orders and dropped New Stoct Popular, The newly listed Fleischmann stock was one of ‘the most mctive in the market and also.was conspicnansly strong. There was a story that cer- in houses which had subscrited to Jarge blocks at 30, had =old out on the rise to 32. thinking that they were &oIng to gét their Tull allotment It was further said fhat owing to a heavy oversubscription every appli- cant was to be cut down. Subsequent- Iy the houses in question found them- selves short of the stock. Oselda Cor- poration appeared depressed. but ral- lied sharply in.the late trading as the f short covering. Towne a zs'n Sh Tube MIN Arizona Gilobe Cop Cammander Min Huwk Cons or Extean wige ton | Mont Cala Verus Cop X Canario Copper Candelarin | Min Cons Divide Extens . Dolotes T Dryden Gol. Ei Salvador Vimma Silver ureka Croosus 10 dre 10 Tharrinhe 0 National Tin . 9 New Mom Cop 10 Nevada Ophir Nevada Silv Hors. N Copper ity 10 Kilv Minex tand Silv Lead Siman Rilver So Am told & i¥ 90 Npearhead Gold Mines axh Toy Divide Extension Am 10 West End Ext White Caps YVictory Divide Min. 10 Yorrington Mine TAXI FIRM BANKRUPT. K Trouble in New York. | NEW YORK. January 5-—An in voluntary petition in bankruptey was | fled in feder: rt today against | Black.and White Cab Company subsidiary of Terminal and | for which ppointed £100,000 receiver were and-assets $20.000, TODAY'S COTTON PRICES. " YORK, January 5.—Cotton fu- turcs opened usnd January, 26.3 March, 28. July, October, “Guiet, but S. January 5.—Cotton anuary, 26.30; Marc LIVERPOOL ckiy | cotton_statistios orwarded 1o | mills, 59.000 bales, of which Americ 39,000. Stock. §78,000; American, 51 000. Imports, 6.000; American, 50,000. Exports, 1.000; all American. BAR SILVER PRICES. LONDON, January 5. 31 9-164 per ounce. per cent. Discount rates—Short bills, 2% per cent; three-month bills, 2%al% per cent. NEW YORK, January 5.—Foreign bar silver, 65%. Mexican dollars, 49%. | STOCKS EX-DIVIDEND. dividend today: Delaware, Lacka- nna and Western railroad prefer- {red: Nova Scotia Steel and Coal pre- | Lterred: Pittsburgh Coal common and preferred, U. S. Smelting preferred COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY BOSTON, Mass, January 5—The New England leather market is fairly firm today despite the sharp drop in hidés which recently took place. The better grades of leather are in steady demana. ! AKRON, January 5.—The head of the leading rubber companies here stated.today. that 1922 ended with a surplus of 5,000,000 tires on hand, but that nevertheless this surplus is not | serious in view of the present trend | of prices and demand. The market, he sald, was “a sellers’ market.” KANSAS CITY, January 65.—Flour production in this city established a new record in 1922 with a total of 4,810,000 barrels, according to figures made public today. This was an in- crease of 844,000 over last year and represented a’ value of $29,863,000. ~ i PITTSBURGH, Pa., January 5.—The Standard Tin Plate Company’s plants at Canonsburg have resumed in full, giving employment to 2,500 men. i PHILADELPHIA, Pa., January 5.— Bituminous coal. is'in_excellent supply { here today, but anthracite is being doled out to householders in lots of a quarter to one ton, -CLEVELAND,: Ohio; January b5.— Owing to the bad weather, which has affected car supply, coal prices have risen here and advances of 10 to 20 gents.per ton for run-of-mine now are being gharged. ~ WENATCHEE, Wash., January 5.— It was estimated today hy the North- western Winter Exchange that out of an. estimated crop of 18,000 carloads of winter keeping apples from this district, 12,000 carloads have been shipped east by rail or sent to Pa- cific coast ports for water shipment. |DESERT TRADITION ye profits $12.049.2 ; it $500.000.000 in 1 cial Bulle in what they is v Becured by first deed of trust on real estate BOSTON., Mass., January 5.—The New England shoe industry today. is working at about 90 per cent of ca- pacity. The demand -is mostly for me- dium and low vrlnd shoes. PHILADELPHIA, Ps.. Janusry . Knitted wear is quiet in the jobbing and wholesale markets today, but hosiery continues in good demand. STAR. WASHINGTON, D. O, e e | 2 tia S3¥ $3%e _Room 610. Woodward Building _ M. 349. IN WALL STREET TO GET YOUNG BLOOD By the Associated Press. W YORK, January 5.—Many well known Wall street firms have cast tradition aside to inject voung blood, it was shown when several new partnerships and firm membershins were announced. One Prominent firm now has three new members whose average age is twenty-eight vears. Men in their early thirties have been made partners in half a dozen firms because of the demand for younger men. They were named. it was said, purely because of their ability, g SWIFT PROFITS LARGE. CHICAGO. January 5.—Swift & Co. terday issued its report for the cur ended November 4, ilable for dividends w. of $7 previous During the sales of the company $650.000.000. as contrasted with If you have money to invest, we can safely place it on gilt-edge first D. C. Mortgages. Our record of 30 years insures your protection. Courte- ous treatment. Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. EPORT OF THY. CONDITION of the WASHINGTON MECHANICS' SAV- INGS BANK ton. in the District of Columbia. at o8¢ of ‘buniness, December 29, 1922 RESOURCES in ‘the car $454,359. 18. and s SPURT IN WOOL TRADE. BOSTON —The Commer- tomorrow wili say: has heen no sudden spurt busifess in wool during the k, but there has been some and that, too, on the part of unufacturers whe willing to pay ent prices in order to get want. The goods market | ported scasonably slow, but very | g M(Vmeyr to Loan government owned securities bonds, ‘stocks, 3 100,626, 206,605, 26,602, January ke securities, “There Tanking house the fxtures : Cash in vault and ‘smount dus from national banks. Amount due from atate Danks bankers and trust companies b the 1 than | or 100 ; ks on other Banks in e ame city or fow repart bank (other than Tiem furniture and 30 3 95.007.3 1 States (nther ded iu ftems & Chiecks on banks lacated ot Prevailing Jnterest and commission. b % seph 1. Weller &0 W roual — LIABILITIUS, Capital 8. Surpius 2 ¢ Loss current expeases, Terest and taxes puid... . Amannt due to nationsl hanks Cortified ch or loss incurred under the Revenue Act of 1921 on se- curities disposed of in 1922 requires careful computation. 3. Other time " daposits Our circular just published discussing this matter with great thoroughness will be mailed on request. Total o Distri Columbia. (112 of Waghington. ve.: T F. P. WILLTAMS. treasursr of the aho: named bank. soiemniy swesr thut the al statement is true to the baet of ms knowledge wnd beliet P WILLIAMS, Treasurer. Sutacribed and sworn (o before me this 3rd of January Scal.) BUB ROBERTS, Noiary Public. o R 1L RAGRY JOSEPH GOLDENBERG FIRA GOULD. MAHLON GROO GRORGE TAYES R 1DW F. PICKFORD WASHINGTON ' GTRRY AN T T P LEs HOME TALRERY IDHN T WHITE T WILLIAMS, ¥ 8. WOLFE RT N. Correct— Att GRAHAM, PARSONS X Co. PHILADELPHIA NEW York Dicectors We announce the opening of an office under the managemént of Mr. GEORGE A. GARRETT at 1414 H Street, N. W. Washington, D. C. which is connected with our office by direct private wire. F. B. KEECH & COMPANY MEMBERS OF THE N. Y. STOCK EXEMANGE 52 BROADWAY, NEW YORK FRIDAY. JANUARY 5, 1923. FINANCIAL. EQUITABLE Co-Operative Building Association Orgasised 1879 43¢ YEAR COMPLETED Out of the Large Number of People Who Know How to Save, Few Know How to Invest FIRST TRUST NOTES S te tic S ystematic Saving as issued by us, will be found to be a safe and Your chance to succeed 18 here. 1f you will but take ad vantage of our plan to save a little each pay day, you will find that it i3 casy to save. Subscriptions for the 84th Issue of Stock Being Iecelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F 5t. N.W. JOHN JOY EDSON. President FRANK P. REESIDE, Seey. sure method for the inexperienced investor. Consult Qur Loan Department Main 2345 January 3, 1923 TRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS 1207 %}meci/téaf .%e'me INVEST This Booklet Will Help You Place Your Money Safely YOUR; SAVINGS ! HETHER you have $100, $500, $1.000 or more to invest, investi- gate our First Mortgage Loans on Wash- ington Homes before placing your funds. NEVER A LOSS Our conservative business methods have so perfectly protected and safe- guarded the funds of our investors that not a single client has ever lost a dollar of principal or interest on any invest- ment purchased through us. Send for Selected List We will be pleased to send you full information concerning our first mort- gages and our methods of handling them. 6%2% and 7% lnterest Convenient Denominations Call, Phone or | l | | | | Write for It l WlLLlAM S. PHILLIPS First Mortgage Investments 1409 New York Ave. Main 4600 LT LA L L AL First Mortgage Notes Invest your savings in our first mortgage notes, bearing 6'45% intercst and secured on approved northwest property. Why Not Profit From Others’ Experience I is hard to lcarn to do this, but when I so many men of great wealth declare that putting regular earnings out at terest with no loss of principal, if sisted in, leads independence riches, why not try? First trust notes carefully i secured on Washington Real Estate arc the safest invest- ments you can make. Over a Quarter per- and to We have on hand notes in ofia denominations of $250, $500, $1.000 and $2.000. MOORE & HILL (mve.) 1420 H St. N.W. Over Why not let us help you and intro- duce you to the First Mortgage, which offers abselute safety and an adequate return to investor Century Without a Loss B. F. SAUL CO. MAIN 2100 1412 E¥E ST. NV 2 Years Without Loss to an Investor B R o R e FIRST MORTGAGE RAILROAD BOXND. outstanding at the rate of only $18,000 per mile at a price to yield over 6% for a long period of years. Listed on New York Stock Exchange STEIN BRrROs. & BOYCE BANKERS 211 Woodward Building Main 1079 RICHMOND WASHINGTON BALTIMORE Guaranty Trust Company of New York 140 Broadwa LONDON PARIS BRUSSELS LIVERPOOL Condensed Statement, December 30, 1922 RESOURCES Cash on Hand, in Federal Reserve Bank and Due from Banks and Bankers. ............$133,157,784.88 U. S. Government Bonds and Certificates........ 54,035,851.65 Other Securities......... 17,326,778.38 Loans and Bills Purchased............ 307,205,233.35 Real Estate Bonds and thguu. . 2,551,650.00 Foreign Exchange....... 1,509,517.42 Credits Granted on Amphnu- 39,838,677.04 Accrued Interest and Accounts Roc-nbh 7,010,070.52 $605,630,637.30 HAVRE - ANTWERP LIABILITIES .$ 25,000,000.00 15,000,000.00 2,920,065.89 $ 42,920,065.89 Accrued Interest Payable and Reserve for Taxes Miscellanecus Lisbilities. . . New York Offices. . . ..'2!.007,2.0 19 Foreign Offices. . 10,011,123.85 mmwchuk- 608,533.00 Outstanding Treasurer’s Checks. ... 18,909,846.57 Deposits. ......cooiinrereiniinnaneenannnnea.... 491,868,772,.96 $605,630,637.30 Undivided Pnfiu 3,737,715.29 4,213,660.81 3,533,365.74 39,838,677.04