Evening Star Newspaper, January 22, 1923, Page 27

FINANCIAL, U.-5. NOTE 1SSUE 1S OVERSUBSCRIBED Secretary Mellon Allots $18,- 246,000 to District Which Includes This City. Oversubscription of the new 41 per cent five-year offering of Tre ryl notes, maturing December 15, 1 has been announced by Secretary Mcl- lon. Although the amount offered was about $300,000.000, there was total subscription of §581,000,000, of which $366,952,100 was allotted. The Richmond district, which - in- oludes the District of Columbia, sub- scriped $23,521,100 and was allotted $18,246,100 Banquet Great Success. Little was talked of throughout the local financial district today but the; success of the joint dinner af the Dis- trict Bankers' Association and Wash- | ington Stock Exchange, hefd at the| New Willard Hotel, Saturday night, On all sides both Yankers and brokers were loud in their praise of the way the affair was handled, and many com- pliments were extended the entertain- ment committees of both organ COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY DETROIT, January 22.—It seems unbclievable that activity in the manufacture of automobiles in Michigan can go on increasing every weak, but today the strong companies are running full swing and increas- ing schedules and there is no sign of any let-up. ST."LOUIS. January 22.—Shoe man- ufacture, which approached record figures even during the period of de- pression today is booming, With makers booked to more than capacity } x for ninety days ahead. SPARTANSBURG, S —The Pacific m|lls C., January 22, Washington stock Exchange uem-mleuumne—,xo at 175, AFTER CALL. Washington Gas Light—3 at I‘lon Rw; I("IIM‘. com. PO t 70, 10 at- Honby—-tlll loal Bid and Asked Prices. PUBLIC UTILITY, Amer. Tel. & Telga. 4 American Tel. & Am. Tel, & Tel. c Am. Tel. of Capital 'rm-tlon R City and Suburban 5 Geargetown Gas 1 with plants | pot throughout New England, has leased | w, a large site for a $2,000,000 plant here and another syndicate has sent ers to the Caroline Pledmontg r to make surveys for a large b ng plant. ATLANTA, January 22—Cotton men are watching with interest the tests of a_process invepted by W. S. Cox of Atlanta for fighting boll weevil by which gas heavier than air is sprayed on the cotton plant, per- meating the stalk as well as the boll. FORTH WORTH, January 22.—Re- tail lumber dealers throughout the southwest today reported that sales have gotten back to normal again, due to additional home building cams paigns in this section. SAVANNAH, January 22.—Naval stores operators of the gulf and south Atlantic coasts are taking steps Rwy. & Ei v, & Elec. g. m, \nschL.w!ol:s . C. Paper Mfg. Tealty o (loni) Realty 55 (short). PUBLIC U’ American Tel. & Capital Tractios ngton . | 4ils September 15 1 SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Aluminum-Co. of Amer. 7s 1935 103! 4 1983, 105 “We will” —have ready for delivery. in about ten days 2 limited amount of Gilt Edge First Mortgages 0 Investments In Amounts of $250 Up Make your reservations now The opportunity to get your savings invested on a basis of 7% interest is rapidly passing. Chas. D. Sager 923 Fifteenth St. N W. Main 36 Yoan Dept. LOANS If you have money to invest, we can safely place it on gilt-edge first D. C. Mortgages. record of 30 years insures your protection. Courte- s{] ous treatment. I0(I 11-18 s i W Wi’ || Percy H. Russell Co. = S.W. Cor. 15th & “K” Sts. Aaconds Copper 7s 1929 Auglo-American, Ol 146 Armogr & C 1930. ?.-m.mm u H Kansas Cit; Kennecott (' M U We-fln[nonu P S % STTRTH —_— TREASURY CERTIFICATES, (Quotations furnished by Redmond & Co.) B3¢ Reptember 43 December 1. 53s June 15, 1f 5izn Beptem 1 2% 10 10 101 11-16 101 1516 1010-18" 101 1310 »1‘. 16 100 T18 0% Maren 15, 16 10005 $100,000 Available to Buy Good 2d Trusts of 1,2 & 3 year maturity; * monthly or annual pay- Private funds: Herman Schmidt 729 15th Street Main 2611 ments, Pay your bills promptly. It wiltim- prove your credit and increase - your self - respect. After you pay your bills, make a regular pay- FINANCIAL, v Wuhmgon Oldest Hnm‘mu’ B'ans‘ Stopping a Leak: —at ore point and overlooking others. will not eliminate any waste. To be i REALLY THRIFTY, place your § home and all othez expenses upon a BUDGET basis that will insure a good’ margin for savings. 1 We offer you the help of our protec- tion and SAVINGS DEPT. service. One Dollar or more will open a thrift account. 3%, Compound Interest Paid National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,700,000.00 15th St., Opposite U. S. Treasury—109 Years Old To Loan on Hotels today. to oppose a reported proposal af carriers to increase freight rates on rosin and turpentine. PHILADELPHIA, who arranged the program. were: Joshua Bvans, jr «*orcoran Thom, ment to the DISTRICT GUARANTY CORPORATION —which will improve your financial condi- tion and-increase your confidence in the future. WilliamBWestlake FISCAL AGENT 12815 A gten e oa Banks and Estates We maintain a special service for banks and estates that has proved valu- able to an increasing number. We will be glad to explain the plan in detail on request. Apartments Offices Business Houses Construction or Permanent Loans Amounts $100,000.00 and Upward Prompt Handling Loan Department FSHANNON & LUCHY| 713 14th Street Main 2345 Harty V. Haynes, George W. White. 4 DE inlipuary | 22 4 3 . Stocks of hosiery in the hands o Prank G addison, and. W 4 ufacturers are being reduced Waler, jfor the jban e “Y-'"“"r pidly today and a revival of demand #. Thompson, John L. Ldw . | is anticipated. Prices are firm. w Spaid. Thilman C! '.‘ — : January = ton for the brokers. T W. { There is a slightly easier trend i Brahany, investment broker. butter market here today. While of ‘com- | there are reliable reports that con- cessions are being made. January (ieorge O. Walson and R PORTLAND, e. called in to those i | nominal quotations are unchanged came in for a large share mendation for his activities. Address Navy Class. 4. C. Flather of the John c | wards Company, add l Corps School of A Department, today on “Tru l (,On\l’)'lv American Security & Tru EQUITABLE Co-Operative Building Association Organised 1879 434 YEAR CO"L.:TED Ansets Surplus WOOL MARKET FIRM. BOSTON. January 22 (Special).— a | The wool market was extremely firm, with a tendency toward higher prices today. The advance in prices of heavy- weight goods by the American Woolen mpany had been pretty well fore- t. but the strength of the foreign market was a decided supporting fac- m»u.“ tor. Traders are watching closely Prob-| tne result of deliberations of growers at Spokune this week as tending to cate the attitude of the raisers ou acting-for ungrown clips GRAHAM, PARSONS X% Co. PHILADELPHIA NEw Yomrx WASHINGTON 408 Hisss BLoe. Telephone : Main 2655 ~MORTGAGE MONEY, _on band to loan on real day, taking as Savings and the while on Irida speak on “Sy Law before the students A. L. B. Schedule. Vietor B. Deyber. president of th will quiz he Washing can Institute of Ba “The Clearing House™ & American Corcora Firemen's National Taion TITLE Columbia Title..... Teeal Estate Title will lems" Systematic Saving A plan to make saving easy— Save a little euch pay day and you will be surprised at the n‘maunl accumulated in a short time. Subscriptions for the 84th Issue of Stock “Belng Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Seey. NO LOSS TO ANY INVESTOR IN 50 YEARS NEW STEAMSHIP HEAD. YORK. Jauary 22—Alfred smith, president of the New and Cuba Steamship Company. | § been elected president of the American Steamship Owners’ Associa- Mr. Smith_will succeed, on 1 H Raymond, president t H. Thomson 4 = ngton Loan and Trust ¢ ~andStoraze 100 iecture on “Bills of On Wednesday | York i er O1d uten Markee com 0ld Dutch Market ptd. Lanston M Prof. J night. 3 » advanced Donahoe will talk to class of the chapter nomics,” and Thursd the intermediary « Dicky will give the first of a series of talks on “Negotiable Instruments ’ HUDSON MAKES CHANGES IN OFFICIAL PERSONNEL DETROIT. portant changes “were made i offi Is of the Hudson Motor Car Com pany at the cting. . Roy Chapin, thi sident comes ch, Jard, Nos Jackson. who has been vice treasurer and gene INVESTMENT BUILDING 15th and K Streets, N. W, Washington, D. C. served for the n.m eight terms. Dean, Onativia & Co. Stock Exchange Building New York January 22.—Several im COTTON GRAINS COFFEE SUGAR 1st Trusts L. W. Groomes 1 1416 F. St STOCKS and BONDS Let us manage your Rental Prop- erty. Over a Quar- ter of a Century Experience. 'B. F. SAUL CO. 1412 Eye St. NW. Main 2100 MEMBERS: York Stock Exchange N. Y. Cotton Exchange e Chicago Board of Trade Associate Members of N. Y. Produce Exchange _ Assc o M lis Ch i New York Curb Association O asagubee o WASHINGTON OFFICE Main Floor, Woodward Building Office Open Until 5:30 P.M. Phone Main 2040 JOHN CALLAN O'LAUGHLIN CHARLES R. ALLEY Manager Assistant Manager manager. fore secretar C | dent and trea 5. Coffin and | 0. H. McCornack were re-elected vice | vresidents, and A. Barit was elected | secretary | In rélinquishing the presidoncy to become chairman of the board. Mr. | Chapin said "he purp wive full re done by the tions are a pub men who have huilding up the b7 frat deed of trust on real estats Prerailing Interest and_commise Joseph I. Weller £ f the changes Out of the Large Number of People Who Know How to Save, Few Know How to Invest FIRST TRUST NOTES as issued by us, will be found to be a safe and sure method for the inexperienced investor. $2,500,000 62% FIRST MORTGAGE Serial Gold Bonds The Investment Building will be one of 'the most valuable and imposing structures in the business and financial district of Washington. Completion of the building is unconditionally guaran- teed by the Globe Indemnity Company of New York. This issue of $2,500,000 is only 55% on the conservative valuation of the property, and possesses the following additional advantages: Consult Our Loan Department OW long could your wife live on the insurance money you plan to leave Her? One year? Five years? Then what? (Records show that the bulk of insurance fundsare dissipated within seven vears!) SHANNON - & LUCHS Main 2345 Insurance money in trust with this institution produces a steady income, vear in and year out. l Write or call for copy. “Wfjen Your Life Insurance is Paid Over.” YOUR INVEST sims WHETHER you have $100, $500, $1,000 or more to invest, investi- gate our First Mortgage Loans on Wash. }ngt;n Homes before placing your 'unds. NEVER A LOSS Our conservative business methods have so &er(ectl pmec!ed 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- el:‘u and our methods of handling 6%2% and 7% Interest Connmmf Denominations 'WILLIAM 8. PHlLLlPS *First Mortgage Investments . | 1409 New York Ave. Main 4600 | Every Banking Service 3.-A liberal Investment Savings Plan under which all partial payments earn 62%. 1--Investor’s are relieved of the 2% Normal Federal Income Tax and ot any State tax up to $5 per $1000. 2..Denominations of $5,000, $1,000, $500 and $100 and serial maturities ranging tfrom 4 to 15 years. COMMERCIAL N SAVINGS X 3% it 4..The unqualified recommen- dation of a mortgage invest- ment house which has back of ‘it ‘a record of no loss to any investor in 50 years. The F. H. Smith Company, 1414-1416 Eye Street, N. W., Vebtapon B C _ %e F.H. SMITH Co. . Wi s e g somend 1 AR mm-mln‘--m Building. ‘FIRST MORTG_AGE INVESTMENT S 1414-1416 EYE STREET, N. W. 15th and Penna. Ave. Capital and Surplug, $5,400,000.00 HOME SAVINGS BRANCHES 7th and Mass. Ave. 8thand H Sts. N.E. 436 7th St. S.W.