Evening Star Newspaper, January 25, 1923, Page 27

FTINANCIAL.” SEABOARD ARLIN CAR LOADINGS GAIN Up 38 Per Cent in First 21 Days of January—D. C. Firm Changes Name. The Seaboard Air Line has made im- Provement in number of cars moved in the first twenty-one days of January, as compared with that period of 1922, an increase of 72,000 to 100,000 loads, or 38 per cent. The increase covered all commodities, reflecting general im- provement in the south, both as to =oods pu ed and products shipped. d from connections were against 11,949 in 1922 period, or § se of 38.6 per cent, while ars were delivered to connec- 3,989 during , oran in- Yecember gross was the largest December gross istory of the road. This com- i ctual gross of $4,223,461 L the 7,100 rebuilt freight 0 new ones, scheduled to have been added 1922, will be in service. With these additions the Seaboard will have about 18,000 owned freight cars n operation. The twenty-eight new locomotive purchased during the past year give the road ownership of about 60 Company Changes Name. At a stockholders’ meeting of the Automotive Finance Company yester- day it was voted to change the name " the company to Union Company. The purpose of the it was explained, is to enable the com- pany to broaden its scope of activity by the addition of all kinds of com- mercial accounts. At the same time the stockholder ratified the recent action nf lh!‘ board of directors, in- he capital stock from 000 to $1.000.000. The new stock, it ffered in units of f srred, par value, $25, and four sha f common stock o a ince its organization, August 1, 192 company has paid ten quarte u vidends. At the annual meeting of stock- holders, four new directors were add- »d to the board, namely, Wirt Tay- lor, Sefton Darr, E. M. Willis, jr., and James M. Place. The following direc- 1ors were re-e W. M. Ward, Lee D. Latimer, . Marks, C. A flurst, Francis W , jr. William Brays Johnson, Horace G. liam E. Richardson. Following the meeting of share- holders, the directors organized and clected the following officers for the ensuing year: President, W. M Ward; vice president, S. M. Marks; William Brayshaw: secre- A. Hurst, and assistant sec- M. Roth, More Pennsy Stockholders. Total stockholders of the Pennsyl- vania railroad on January 1, 1923, amounted to 137,429, an increase of 32 over December 1, 1922. The re- port for December was the second month to show an increase after eight consecutive months of de- creases. The January 1 figure is 4,270 below that of the corresponding date a year ago. Average holdings on January 1 were shown to be 72.65 shares, com- pared with 73.05 shares on December 1'and 70.47 shares on January 1, 1922. Of the total outstanding stock 31.27 per cent is held by women, an crease of 27 per cent over a year ago. Woman stockholders numbered 66,- 225, being 48.19 per cent of the total stockholders. National Mortgage Statement. The net earnings of the National Mortgage and Investment Company as of conditions at the close of busi- ess December 31, 1922, totaled $142,- 917, according to a statement issued by officials of the company yesterday. he net balance at the close of the year was $137.620, as compared with £16.861 on January statement shows c: aid, will be ur shares of pre- > fully paid, $ criptions, monthly payment plan, S henscaifor fiisivesr asonllstcd 1. The corporation last week, s announced, paid its third divi- mounting to $47.693.64 OVWVAAVAAMAAAALT Investing with Confidence— ¢ you will_look into this able quarterly the possibilities under the cer- tificate Issue them.— affering _participation the profits of tha company up_to o— I be impressed with o sumtantiality of the” in: vestment and its earning ex- pectations. ‘The Bonds may be bought in $100, 3500 and $1.000 de- nominations—with pasments of purchase convenlently divided, if you wish. Get our detailed circular. Commercial Loan and Finance Corporation Washington Stock Exchange SALES. Lanston Monotype—3 at AFTER CA Lanston Monotype—35 at 79%, 5 at . Money—Call loans, 5 and 6 per cent. BONDS Bid and Asked Prices. PUBLIC UTILITY, Amer. Tel. & Telga 4 Amer. Tel. & Teiga. Am. Tel. & Tel. cti. Am. Tel. & Tel. conv. stis and Potomac Bid. Asked. ol 02 01y 102 983 Chesapeake and Potomac Tel. 5. C. & P. Tel. of Va. 38 Capital Traction R. R. b City and Suburban 5 xton Washington Wash Wash. 0. Riggs Riggs Becurity Storage & Safe M, Cold_ Storage bs. rdman Park Hotel STOCKS PUBLIC UTILITY. American Tel. & Telga ... Terminal Taz) pfd. NATIONAL BANK, Capital Columbiy Commercia District t Washington Loan and Trust. SAVINGS BANK. Commerce and Savings. £ East Wushington Savings Security Serenth S United Saving Washington Mechanics. FIRE INSURANCE. America National Union. TITLE Columbia Title.. Real Estate Title. THE EVENING STAR, WASHINGTON, MISCELLANEOUS. Columbla Graphophone com....- Gra 1 Sierenante: Tranerer and Btorage Mergenthaler Linotype 175 0ld Dutch Market co: 0ld Dutch Market ptd ton Monotype y Yellow Cab. *Ex div. —— SHORT-TERM BECURITIES. (Quotations furnished by Redmond & Co.) Aluminul) Co. of Amer. 75 1923 Aluminum Co. of A Bechichem Steel Tx 1523 Canadian Paciic Gs 192 ¢ Tl il ear T & T Aa i6i ¥ Northern 14 losa.. Hocking Valley x 1 Sui Pemne i St 4 mnf)m Paul Union Depot ars. Bosback & Co. %s 11 “io 1923 athwentern Rell Ts - Tnion 61ys 1936, Weatinghoose B & ME TREASURY CERTIFICATES, (Quotations furnished by Redmond & Co.) 43s March 15 4i4s June 15, 435 Decembe: 99 816 90 15-16 100 1-18 TAILOR-MADE CLOTHES TO INCREASE IN PRICE ST. LOUIS, Mo., January 25.—Prices of tallor-made clothing will increase from 12 to 15 per cent in the near {future, L. A. Banner, secretary of the National Merchant Tallor Designers’ Association, stated. The association is {holding its forty-third annual con- vention here. He ascribed the mount- ing price of wool and scarcity of i workmen as reasons for the predicted {price increase. 415 Septembe; 26, 4139 December 15. 1927, The day before that set for her marriage a girl of Leeds, England, laughingly tried on her bridal veil, despite the protests of superstitious friends. Ten minutes later her father came in with the news that her flance accident. i ipreceding week, % | Petroleum Institute. 4 |the Petroleum Institute. CRUDE OIL OUTPUT DECREASES IN WEEK Daily Average Falls Of 14,450 Barrels—Imports Show Increase. By the Associated Press. NEW YORK, January The daily average gross crude oil production of the United States decreased 14,450 barrels for the week ending January 20, totaling 1,736,900 barrels, as com- pared with 1,751,350 barrels for the ‘according to the the American The daily aver- age production east of the Rocky 1mnunlumn was 1,206,900 barrels, as weekly summary of " | compared with 1,226,350 barrels, a de- crease of 19,450 barrels. California compared with 525,000 barrels, an in- crease of 5,000 barrels. i According to_figures collected by the imports of petroleum (crude and refined oils) at the principal United States ports for the week ended January 20 to- |taled 1,993,157 barrels, a daily aver- age of 284,273 barrels, compared with 11,777,901 barrels, a daily average of 253,985 barrels for the week ended January 13. _— Atter counting all the hairs on the heads of the woman students, two professors of the University of Munich, found the average to be from 80,000 fo 70,000 hairs per head. FoOoRr production was 530,000 barrels, as | DIVIDEND DECLARED. | NEW YORK, January 25.—Direc-’ tors of the Pressed Steel Car Com- pany yesterday declared the regular 1% per cent preferred stock dividend, payable February 27. Rumors which affected trading the effect that it would be passed. ‘ Money to Loa.n on real estate Securad by @iret deed of trust 1 o 420 Wash. L. Josephl. Weller'm._ s & LOANS} From $100 to $300 on D. C. real entate and mouseold goods or chat- tels 7 per cent interest. No bro- erage charged. Commercial Loan tior oo 911, 881 1308 Fractas X EINVAAAAAAAAAN MORTGAGE MONEY, on hand to loan on real estate. THOS. E. JARRELL "geaiae ||l CITIES SERVICE SECURITIES Bought, Sold, Quoted THOS. W. BRAHANY & CO. estment Securities 510-11 Enlu Bluldmg Wasl | FIRST MORTGAGE NOTES SALE IN DENOMINATIONS OF S00 DOLLARS AND UPWARDS Rnditd H Hognar # %o 1207 %nnwfiéa/ .%cuuw . had met with sudden death in a street | All of this Stock having been sold, this advertisement appears as a matter of record only. 55,000 Shares Cuyamel Fruit Company d under the la Capital (Te be org: Transfer Agents " Central Union Trust Company of New York Canal Commercial Trust and Savings Bank, New Orleans Application will be made to list th First_Mortgage 20 Year 72 % Smhn. Fund Geld Bonds due ws of the State of Delawa Stock Registrars Bankers Trust Company, New York Whitney Central Trust and Savings Bank, New Orleans CAPITALIZATION Dec. 1, 1941 Capital stock (no par value) .. To Authorized $5,000,000 250,000 shares stock on the New York and New Orleans Stock Exchanges ha presently outstanding $3,325,000° 250,000 shares *0t $3,500,000 of these bonds originally iséued, $176,000 have been retired by the operation of the Sinking Fund ich Co-pnny is to be . Beld lopment Comany, terms of a trust agreement defining the rights of the persons beneficially interested therein. Information regarding this issuc and the dusimess of the Company is given in a letier from Mr. Zemurray, President, from which he summarized in part as follows: the entire capital stock of by Trustees for the benefit of such Cuyamel Fruit Company stockholders, subject to the Semuel History and The new Cuyamel Fruit Company is to succeed to the business of the Cuyamel Growth: opment Fruit Company of South Dakota, which is engaged portation and marketing -t bananas. This Company wi hold and develop lands and concession: Company is a Honduran Corporation which the business which could best be conducted through a loc T -r‘uuud in 1919 to carry primarily in th e-luvnd.n, trans- incorporated in 1911 to leng the Cuyamel River in Honduras. Cortes Devel- that part of company. With the acquisition and de- velopment of other properties in Honduras and Nicaragua, the construction of railroad lines, wharfs, etc., and the purchase of additional ships, the Company’s banana 278,000 bunches in 1912 to over 5,000,000 in 1922; and conservative estim. bandling of upwards of 6,000,000 bunches. Profits: The net prz:fih for the periods indicated below of Cuyamel Fruit Company, Cortes De- veloj come and Wetohonse uh.lu‘p. the American ew business has increased from for 1923 look for the and subsidiary cempanies, after deducting all charges (including in- ) except interest upon indebtedness equal to money provided by the present financing, as certified by Messrs. Price, & Co., public accountants, have been as follows: THURSDAY, JANUARY “BeforeYou Invest. | INVESTIGATE" had been current to | “Trast FINANCIATL.® 25 Buy on a “rising market” is old and sound financial advice. The price of units in the DISTRICT GUARANTY CORPORATION advanced twice in 1922, because of the earning record of the company and the actual value of the shares. The early buyers were wise, and, being wise, they are still buying. The ma- jority of them have bought two, three, four and some of them five times. The present price is $250.00 * per unit, and it is subject to change without notice. MONEY TO LOAN —in any Amounts on First Mortgages. Lowest Rates of Interest and Commission Prompt Transactions Thomas J. Fisher & Co., Inc. 738 15th St. N.W. $2,000.,000.00 TO LOAN Hotels Apartments Offices Construction or Permanent Loans Amounts $100,000.00 and Upward Prompt Handling Loan Department [SHANNON - & LUCHS 713 14th Street We will —have ready for delivery in about ten days a lmited amount of Gilt Edge First Mortgages 7% 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 38 Dept. EQUITABLE Co-Operative Building iation Organized 1879 434 YEAR COMPLETED Ansets Surplus Sotablished 1889 Fuol Mlorlgage Foans In Convenienl: SDenominalions For Jrweslors FH. I Rust N2 Ffrconth, Strcet - $1,180,880,31 Systematic Saving A plan tosmake saving easy— Slve a little each pay day and you will be surprised at the amount accumulated in a short time. Subscriptions for the 84th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. NW. JOHN JOY EDSON, President FRANK P. REESIDE, Seey. Nlain 6358 Invest Your Funds at 6'.% With D. C. Intangible Tax and 2% Federal Income Tax Paid We have available several new offerings of First Mortgage Investments at 6%2% interest with attractive tax-refund tfeatures. They have been purchased by us with our own funds after caretul investigation. We recommend them as thoroughly sateguarded investments, suitable to the requirements of all investors whose first consideration is Safety. Bond Departmeni—Room 200 Phone M. 5672 921 15th Street N.W. DAY T LOANS If you have money to invest, we can safely place it on gilt-edge first . C. Mortgages. record of 30 years insures, your protection. Courte- ous treatment. Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. | First Trust Notes ‘We have for immediate deliv- d Year ending December 31, 1920— Cuyamel Fruit Comany .......... Ceortes Development Company . . Year ending December 31, 1921— Cuyamel Fruit Company Cortes Development Company . ... *Eleven months ending November 30, 1921—- Cuyamel Fruit Compan: Cortes Development Company ... = These First Mortgage Investments are appealing strongly to investors who desire an absolutely safe investment with an attractive yield. We suggest prompt action in order to secure the amount and maturity desired. Reservations accepted for future delivery Denomnations: $5,000, $1,000, $500, $100 Maturities: 2 to 15 years w, Call, awrite or phone for descriptive circulars $ 480,105.54 1,366,153.33 $ 594,593.43 772,651.01 $1,008,398.47 493,404.38 1,501,802.885 *This includes only nine months of the New Orleans-Blueflelds Trust and Transporta tion Co. bined balance sheet as of November 30, 1922, as certified by Mesers. Price, " Waterhouse & Co., Public Accountants, after giving effect to the present financing, shows net assets of $13,658,760.03 after deducting all liabilities, which shows a book value of about $54.50 per e, it is expected that the new Company will cemmence the pnylna-t of dividends at the annual rate of $4 per share. £ The F. H. Smith Company 1414-1416 Eye Street, N. W. ‘Washington, D. C. Without obligstion on my part, please send me information about your First Mortgage Investments which assure & net return of not less than 63 %. AlL legal matters in connection with this {ssue will be sudject to the approval of Messrs. Sullivon & Cromwell and Messrs. Guggenheimer, Untermyer & Marshall, representing the Bamkers, and Messrs. Monroe & Lemann of New Orteans, repre- senting the Company, and this offering {s made in all respects sudfect to such approval. Wae are offering this stock for subscription subject to allotment Price $53.50 Per Share This offering is made if, when and as issued and accepted by us and subject to the approval of counsel. It is expected that delivery of stock will be made on or about March 8, 1923, on two days’ previous notice, at the ofice of LEHMAN BROTHERS, 16 Willlam St., New York, N. Y., in the form of temporary stock certificates. ‘We reserve the right to reject any or all lnbuflpunl. to sllot less than the amount applied for, and to close the sub- scrpition books st any time without notice. . LEHMAN BROTHERS New York Name.. SOl el City... a beautiful new bullding lo- cated mear 19th and Belmomt Sts. N.W. ‘We can highly recommend these motes as a wound, con- servative investment. The rate of interest,8%%, is exceptionally g00d when the location of the property, the character of the improvements and the high margin of safety is takem into considerat! We will gladly furnish full par- tioulars to {nterested parties. Moore & Hill, Inc. 1420-22 H St. NW. GOLDMAN, SACHS & CO. New York E F. HU'l'l'ON&CO. New York » Dounded 1873, FIRST MORTGAGE INVESTMENTS 14141416 Eye Street, N. W. January, 1988, ‘The statements herein contained are net guaranteed, dut are based on infermation which we believe” to be asearste. lfll;, NOC LOSS TO ANY INVESTOR IN 50 YEARS