Evening Star Newspaper, January 29, 1923, Page 21

) FINANCIAL AMERICANS SHOW INCREASED THRIFT Federal Reserve Board Re- ports Gross Gain of $445,000,000. The Federal Reserve Board has made public report on the total savings deposits for the vear 1922 in the 880 institutions reporting to the board, which indicates heavy increases in the savings of the American peaple. The average increase of the institu- tions, said to represent about 77 per cent of the total savi for the coun- andtry, was given as more than half a lion dollars in the twelve-month riod. vings deposits in the 880 banks on January 1, 00 on January 1, use of more than increases istributed ove: tigures show serve district savings deposits than on e preceding January 1. Increase in Decem December, according to the analysis of the figures from stitutions, the savings de- increased 3 per cent over vember, while the month’s deposits showed an increase over the previous January 1 of more than 714 per cent This increase. however. it sala, may be d bgd as “seasonal,” Asmur -ved to have heen due transfer of ristmas funds to regular savi ounts, and thus. fors the first time. be e subject to rfport by the banks in which the funds were The figure investm. wever, ap nosits savings how a eady increase owne There is, tly_no inclination to den holdings of corporate secu- ri <, the inerease being strictly con- 5ined to government obligations. This cautiousness in leading hanks has noticeable for several months. erty Bonds Popular, as been $525,000,000 been bonds, about the last six months, which seems to point to higher quotations. Next o Liberty bonds come Victory notes and Treasury notes. with an increase of abou 0000, During same period there has heen a liquida- tion of about $80.000.000 in corporate securities. This compares with an nerease of $180,800.000 for the Arst It of 19 AL LB Activities. Prof. Richard S Harvey of Genrge- town Univ will address the ele mentary « Washington Chapte American Institute of Banking, to- morrow night at 8 o'clock, taking for s subject, “The Kvolution of Fed- erai Reserve Banks.' On Wednesday night Donohue of holie University will talk_to the \dard_economics class “Transportatic rusts and Tar- 3, and on Thursdiy . Raymond B. Dickey will give the first of a xerfes of lectures on “Negotiable In- Struments” before members of the negotiable instruments s PARIS MARKET FIRM. PARIS. January 29.—Prices e bourse today. Three per nt rentes. 58 francs 50 centimes change on London, 74 fr ntimes. F per_cent 1 90 centimes. The 15 francs 181z Prof. J an, dollar ‘was centimes. Tracs quoted at WAGES BOOST BANKING. STOWN. Pa.. January 29 (Spe- x banks in this commu- nity I resources of $2. 400, ages in the coal and coie ndustry are bringing large sums into the town FEW VIRGINIA APPLES. NEW YORK —The recelp liberal from the well as from whereas Virgin very light sapply Hudson_ valley as New York, erings were in fost of the state areenings 4 was moderate well colored dy only best fruit _——— Washington Stock Exchange SALES Riwy. and y. $1,000 at 723 Potomac Eiec. cons $2,000 at 971, Potomac Elec. deb. fs—$1.000 at 997, $1,000 10 a1 10215, 10 at 10215, 3 n Monotspe —10 at S0, 10 at 80, AFTER CALL. s Light—3 a £1,000 a & Flee. 488500 Mongr—Call loans, 5 and 6 per cent BONDS Bid and Asked Prices. PUBLIC UTILITY Bid. Asked. $1,000 at 101, Washington Ruws American Tel, & Telga. 4) Am. Tel. & Tel of. tr Amer. Tel. & Tel. ‘conv & Elec. 4s \etrapolitan Potomae Ele " Floc . Elec. + Alex, Wash.! Aley Wash | Balt. Washington (shor % and Safe Dep Wiih. Mkt Cold Stora; Wardman Park Hotel STOCKS PUBLIC UTILITY. 015 American Capital Trac Washington Norfolk and Wash Wash. Ry, Wash, R Terminal Taxi com. Terminal Taxi pfd = NATIONAL BANK. 3643 capital . Columbia Comme: District Farmers Federal-American Liberty ... Lincoln National RIgRS +.. Second A Washington ... ... ... : TRUST COMPANY. American_ Security and Trus Continental Trusi Merchants S National Savings and Trust... UnjouErust.s.. oo oot Wash. Loan and’ Trust.. * sAV] Commerce and Savings siast_washington Savioge. Security Savings and Commerce. Seventh Street 2 2 Tnited States. . Washington Mechanic Metrapolitan. .. American “Corcoran Firemen's National Union. A TITLE INSURANCE. Columbia_Title Real Estate Title. MISCELLAN! Columbla Graphophone com. Oolumbia Graphophone pfd. Greene-Cananes .. Merchants' Transfe: Aergenthaler Linotype. utch Market com. 0id Duteh Market pfd Jansion Monotype. Security Storage ¥ashington Market ¥ +Ea-dividend, shown® in- | the | were | January 29 (Special). 2 s of barreled apples were | The | coe DANIEL WILLARD, B. & O. PRESIDENT, 62 YEARS OF AGE BALTIMORE, January 29.—Dan- s fel Willard, president of the Balti- more and Ohio railroad, yester- day observed his sixty-second birthday anniversary. He was born January 28, 1861, at North Hart- land, Vt Mr. Willard celebrated his thir- teenth anniversary as president of the Baltimore and Ohio on January 1. His rise to the presidency was meteoric, for until he reached the age of forty years his salary never exceeded $2,500 a year. Grain, Prod ‘e and ! Li&%?ick WHOLESALE MARKET. Liggs- Strictly fresh, selected candled, {per dozen, 40: average receipts, 38; gouthern, ‘36a Cold storage eggs, | Live poultry—Roosters, per 1b. 16; turkeys, per Ib.. 30a3s; spring chick- ens, per b, 28a30; keals, young, each, 80; fowls, each, 25a26. poultry—Fresh-killed spring chickens, per Ib., 33a35; hens, per Ib. roosters, ‘per Ib., 17; turke: I 35a40; keats, young, each, Live stock—Calves, cholce, per 1b. 14; medium, per Ib., i3al3t; thin, per Ib, 6ad. TLambs, choice, per 1b.. 13 live plgs, 3.00a8.00 each; live hogs {perib. 5. o Teen fruits—Apples, per bbl., 1. 87.00; Delicious, Nov 1. per bbl."6.00a 7.60. Callfornia oranges, per crate. 5.00a6.00;. Florida, 4.00a5.00. Lemons. . Grapefruit, Tangerines, 3.50a4.50. Vegotables—Potatoes, per bbl, No. 1, 1.50a2.00; per sack, 2.00a2.25: No. 12 50a1.00." Sweet potatoes, orth Carolina, 3 76a1.50; nearby, _2.5083.00. {Lettuce,” per crate, southern, 1.80a {3-00. Romaine lettuce, per crate, 1.50a 12.00; Iceberg lettuce, per crate, 4.75a [8.00. Cabbage, northern, 1.75a2.00 per 1bs.; nearby cabbage, per bbl, .25:" southern, 2.25a2.50 per basket. | Eggplants. per crate, 2.50a5.00. Toma- | toes, per box, Florida, 2.50a5.00. Beans, {2.00a4.00 per basket. Peas, 3.0025.00 per {basket. Peppers, per crate, Florida, 13.0024.00. "~ Kale, per barrel.’ 1.50al. | Spinach, per barrel, 2.00a3.00. Cele jcrate, §.00a8.50. Brussels sprouts, 15a: | Saquash,” 2.50a3.00. i GRAIN AND PROV | BALTIMORE. pota- | toes—White, 50 1bs., 1 £H v 8, > bushel, bushel. bushel 5; beets, ; brocoli, bushel, 35a40 at., 20a25; cabbage, savoy, bushel, 1.00; | carrots, basket, 50aé caulifiower, | crate, 155 crate, a 1350; . crate, 3.50a7.00 | plant a horse radish, |hu\!wl. 00a3. kale, bushel, 35a40; i lettuce, basket, 00a3.50; onion: |1bs., 1.50a3.25; oysterplants, 100, { 7.00; parsnips, bushel, 1.25a1.3 ’hubhl‘l. 50 al i peppers, ci {a3.50; 2 bushel squa 2.5083.00; crate turnips, 50a6 | Apples—Packed, bushel,#50a1.50; loose, 100 Ibs.. 1.50a 1.90; basket. 40a63; cranberries, bbl | 8.00a12.00; grapefruit. box, 3.00a4.25 { oranges, box, 3.50a4.30; strawberries {at. zbad5; tangerines, half strap, 2.00a ONS. i ams, ! beans, | bushel, 75a8 brussels_ sprouts, crate, 3.50a5.00; bushel, bbl. 2.00a5.00; ing Prices at 12:30. No. 1 red winter, spot, no No. 2 red winter, spot, 1.33% 0. 3 red winter, =pot, no quo- No. 2 red winter, garlicky, . nominal; No, 3 red winter, gar- licky. no quotations; January, 1.33%, nominal Sul Corn i per barrel; i } quotation: i nominal None. ‘ob corn, new, 4.25 and 4.20 contract, spo; bushel: No. 2 corn, spot, no quotations: track corn, No. 2, new or better, 86 and bushel sales—Bag lot of mixed at wharf i | 4: No. 4, vellow, 8612 per vestern export, spot, 981 No. 3. no quotations. Receipts, 17 tons: for the bet- escriptions of timothy and light there was a fair demand under lim- ited receipts at a range of 17.00 to 21.00 per ton. Straw—No. 1 tangled rye 16.00; No. 1 wheat, 11.00a12.00; oat, nominal, 12.00a13.00. TODAY'S CHICAGO PRICES. CHICAGO, January 29.—Wheat prices showed firmness today in the early dealings, the market being up- per 15.00a No. 1 held by reports that Germany had ar- ranged for credits through private { German firms and individuals having { deposits in America and England { Commission houses were buyers to a | fair extent and there was no aggres- i sive selling. The fact that world | shipments of wheat were smaller { than had been-predicted was a handi- {cap to bears. Opening prices, which i ranged from % decline to 3% advance, | With May 1.16% to 116% and Jul, 1111% to 1.113%, were followed by islight gains all around and then | something of a reaction. Corn and oats swayed with wheat After opening 3% off to % up, May 1, to 72%, the corn market under- | went a slight general sag. 1" 'Oats started a shade to % decline, B 44%. then hardened a little and {later showed light losses. | “Higher quotations on hogs gave | firmness to the provision market. 3y § L H WHEAT— | September L 10o% 108y CORN. May July Keptember September 5 PORK—Nominal. LARD— Jannary . bl it 1145 1145 January . S May 1080 10.90 10. DAIRY PRODUCTS. BALTIMORE, January 29 (Special). —Live poultry—Turkeys, pound, 36a 43; old toms, 30; poor and crooked | breasts, 25; young_chickens, 27a28; { poor and leghorns, 20a25; old hens, 23 {a26; small and léghorns, 20a22; old roosters, 16; ducks, 20a28; geese, ‘17a 25; pigeons, pair, 30a35; guinea fowl, each, 40a60. Dréssed poultry—Turkeys, pound, 35 | a40; old tems, 30; poor and crooked breasts, 25; young chickens, 26a27; old and mixed, 24a26; old roosters, 17; ducks, 25230; geese, 20a26; capons, 23 a36; medium, 33a34; small slips, 23a30. Eggs. loss offt—Native and nhearby, firsts, dozen, 37: southern, 35. Butter—Creamery, fancy, pound, 51a 52; prints, 52a54; nearby creamery, 43a45; ladle, 35236; rolls, 33a36; dairy prints, 34a35; store packed, 33; proc- ess butter, 42a43. CHICAGO LIVE STOCK MARKET. CHICAGO, January 29 (United States Department of Agriculture).— Hogs—Receipts, 41,000 head; slow, around 15 higher: ‘bulk, 150 to 190 pound averages, 8.50a8.60; top, 8.60; bulk, 210'to_240 pound butchers, 8.25 a8.40; bulk, 250 to 300 pound butchers, 8.10a8.15; packing sows mostly, 7.00a 7.25; desirable pigs, around 8.25; heavy-weight hogs, 8.00a8.20; medium, £.15a8.50; lighta, 8.40a8.60; light lights, £.40a8.60; packing sows, smooth, 7.10a 7.50; packing s rough, 6.85a7.15; killjng pigs, 8.00a8.50. Cattle—Receipts, 22,000 head; slow: early sales beef steers steady to weak tending unevenly lower; kiiling qual- ity plain; early top matured steers, 10.00; some held higher; bulk of qual- ity and condition to seil at 8.2529.75; she stock comparatively scarce; steady to strong early; other classes about steady; bulk. vealers around 10.50a11.00; shippers’ hand picking upward to 12.00 and above. .Sheep—Receipts, 18,000 head; large part of run direct; opening fairly ac- tive; most classes generally steady; carly top fat lambs, 14.90 to packers; fall shorn, 13. cheice 90-pound fed yearling we three loads desirable 13 7.50; about 900 feeding lambs, 14.90, on country account. WHEAT SHIPMENTS | FALL OFF INWEEK| Department of Commerce Reports Increase in Corn and Rye. Exports of wheat from the United States during the week ending Jan- uary 27 amounted to 2,269,000 bushels, the Department of Commerce re- ported today, compared to 3,010,000 the previous week, making a total €or lme period since January 1 of 10,390,- 000 bushels, Corn exports last week were 2,369, 000 bushels, compared with 1,642,000 bushels the previous week, making & total for the year to date of 5,735,000 bushels. Flour shipments were 381,900 barrels compared with 318,700 barrels the previous week, bringing the total this year to date to 1,234,700 barrels. Rye exports totalled 1,379,000 bus| els, as compared with 1,076,000 bush- els for week ended January 20, ma! ing the total 3,241,000 bushels so far in 1923 Exports of oats last week amount- ed to 38,000 bushels, as against 404,000 bushels the week before. The total for the vear to date was shown to be 640,000 bushels. Last week Canadian grain in transit through the United States totalled approximately 4,500,000 bushels mak- ing a total of about 12,000,000 bushels for the yvear to date. INCOME TAX FACTS. Arrival of the period for filing in-| come tax returns—January 1 to March 15, 1923—presents to American citizens and residents the question “Am I required to file a return?” and | “How shall T be assured of making a correct return?” To every person who last vear filed | a return will be sent a form, fos mak- ing a return of income for the year 1922—form 1040A for feporting net income of $5,000 and less. and form 1040 for reporting net income in ex- cess of $5,000. Careful study of the instructions on these forms will solve many difficulties which. at first glance, may seem perplexing As a further aid, the bureau of in- ternal reverue has prepared a series of newspaper statements based on the latest rulings and decisions govern- ing the administration of the revenue Answers to the questions, which the bureau's correspondence & the last year appear perplex- vill be presented daily. Ta: sed to preserve these | articles as they appear, in order that when they begin preparation of their returns they may have before them a comprehensive summary of the re- quirements of the revenue act { The tax is imposed upon net in- come, which is gross income less cer- tain specified deductions for business expenses, losses, bad debts. etc.. to be fully explained later. Single persons may subtract from net income. be- fore calculating the normal tax. an exemption of $1,000. The exemptions for married persons and heads of families are $2.500 on incomes of $5,000 or less, and $2,000 on incomes in’ excess of $5.000. Taxpayers are allowed. also. an ad- ditional credit of $400 for each per- son dependent upon them for chief support, if such person is under eight- een vears of age. or incapable of self- support hecause mentally or physical- 1y defective. Requirement to file an income tax return rests upon every single per- son whose net income for 1 Wi $1.000 or more, or whose gross income was $5,000 or more, and upon every married person whose net income was | $2,000 or more or whose gross income was $5,000 or more, regardless of whether or not the income is taxable. For example a man and wife with two children twelve and fourteen vears old had_a net income for 1932 of $2,700. Their exemptions and credits amount to $3,300. A single man whose income was $1.800 supports in his home an aged mother. His exemption | is $2,500 as the head of a family, plus a $400 credit for a dependent. In both cases returns must be filed, though the incomes are not taxable. | NEWFOUNDLAND MAY ' OPERATE IRON MINES| act from dur | By the Associated Press. NORTH SYDNEY, N. S., January 29 f the British Empire Steel Cor- poration does not operate the iron ldeposits at Bell Island, the New- foundland government or some other | corporation will operate them. They ! {are not going to remain idle. This was the ultimatum which Premier Sir Richard Squires of New- foundland said last night he was! carrying to Montreal to deliver to Roy Wolvin, president of the British Empire Steel Corporation, and D. H. | McDougall, vice president in charge ! of operations. i “There are 2,200 miners thrown out of employment at Bell Island without notice.” Sir Richard said. “and ap- parentl without any good reason. The Eritish Empire Steel Corporation has given out that the shut-down is due to the French occupation of the Ruhr valley and the consequent non- acceptance of the deliveries by Ger- many. “I am going to Montreal to call their bluff and to find out what is the real reason the corporation has closed its own works at Bell Island without apparent good cause. My information from friends in _Paris, who are in touch with the French government, ' from German sources and from Mr. Bonar Law, premier of Great Britain, and his undersecretary of state for the colonies is that no such reason as_that given by the British Empire Steel Corporation for the closing down of the workings exists. “I am informed that every blast furnace in the Ruhr valley is work- ing full time and that, whether by the Germans or by the French, they will continue to work full time, ana that the necessity for the delivery of ore from Bell Island will continue under such conditions. Tt was suggested to Premier Squires that the Germans might consider it inadvisable to accept delivery of ore whiolt uitimately wonla be contisost. ed by the French. He intimated that he could not accept such a possibility as an excuse. NEW LOCOMOTIVE ORD, NEW YORK, January 29.—The Railway Age says American Locomo- tive Company has received orders for 5 mountain type engines from Cen- tral of Georgla, 10 mikados from Chicago and Eastern Illinois, and 15 mountain type from Illinols Central. Lima Locomotive has received orders for 10 mikados from Central of Geor- gla and Baldwin for 6 suburban loco- motives from Central of New Jersey. BAR SILVER PRICES. LONDON, January 29.—Bar silver, 31% pence per ounce. Money, 1l per cent. Discount rates, short. bills, 214 per cent. Thpee-month bills, 23 r_cent. p"N’EVV YORK, January 29.—Foreign bar silver, 64%; Mexican dollars, 49%. NEW YORK CURB MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN. | NEW YORK, January 29.—One of e outstanding features on the curb exchange today was another sharp | break In the Durant Motor issues. As was the case on Saturday this was not explained by anything ‘in the | nows of the day. It simply appeared to be due to further selling by peo- ple who had profits and were per- suaded into taking them by the| Fisher Body episode of last week. Durant of Delaware broke over 4 points, after which supporting orders were encountered and some of the loss regained. The Indiana stock, after breaking 1% points, moved with the Delaware stock. Little attentlon was paid to others of the motor group and price changes were unimportant. Industrials Go Higher. Industrial favorites of last week again moved upward and new highs for the vear were made by Glen Al- den Coal and the new issue of Cuy- amel Fruit. As the day went on, how- ever, the price movement became in- creasingly irregular. Realizing sales were encountered in the leaders of the morning. Glen Alden Coal at one time dropped below the close of last . NEW YORK, January 29.—Follow- ing is a list of today's highest, lowest and 245 prices for the most -activé bonds and stocks dealt in on the New York Curb Market: Sales in thousands, 1 Alum 7s new '33. Am Gas & Elec 6s... 8% umat. To 5 3 Am AT 2h e 0 18 Anaconda s 1015 16 Anaconda 7w "39... 0 1087, 2 Anglo Am 01 T3s.. 1031 18 Armour & Co 7 10513 TAUGA&WTS 52 45 Armour of Del 96 ! Reaver Prod 71 10015 39 Reth Steel 1055, 1 Beth Steel D 102% Low. 2:45 10075 1053 10 Copper Exp & 2 Detroit City 1 u 65 Hood Rubber n Cits Power 1 Kennecott Cop 3 Laclede Gas Libby M. # Ohio Power 5e B. 1 Penn Power & L 10 Phila Elee 5igs. Plerce Arrow S Pub Serv o Sun Ofl 7s... ift & Co 3 Swift & Co s, @ T'nit 01l Pro 9 Vacuum 011 FOREIGN BONDS. 14 Argentina 7 10015 1 Repub_of Peru Rs.. 1 Russ Govt iz 1 Swiss Gort Sigs . 85 U S of Mexico 45... Sales In STANDARD OIL ISSTES nits, 700 Anglo Am_Oil 600 Atiantic Lobos 40 Continental 0il 20 Cumberland P L. 10 Eureka P Line 145 Gl Sig Oil 5 200 Humble 0 & R new 10T P L..... . 178, 185 Imp Oil of Can. 1300 Int Pet Co Ltd Prairie 01l & Gas Prairie P L.. Solar Refin South Penn 0il Soutiiern P Line 1400 § | 600 Sales Darby Pet . Equity Pet pfd Engineers Pet Federal Ol . 2 Fenaland 0l Gilliland Oil . Cons. . tone Ranger Livingston Oil . Lowry 0il. Northwest Pennock 0l Penn Beaver Oil Seaboard Oil ... Son States Oil 158 Texon Ofl & Land .84 ‘Turman Oil. . $ Wilcox 0il & “Y* ol .......... INDUSTRIA Acme Coal Acma Pack Amal Leather. Amal Leather pi jorden” & Co - Brit-Amer Tob Co 195 Bkiyn City R R Ty Buddy Buds. 17e Centrifugal T P... 1013 Chicago - Nipple 4 rtis Aero..... 5 Cox Cash Stores. Cub Dom Sugar. Cuyamee Fruit DL & W Coal Dubllier C & R: Durant Mot . Durant. Mot o Fleischmann rdner Mot Gillette § R.. Glen Alden Coal. Goodyear_Tire Gdyear Tire pfd. Gt West Sugar new Hayes Wheel ..... Hud & Mann R R. Hud & Man RR pfd Hudson Co pfd. Hydrox .. Int Cont'i ' Rubber. Kupp, B & Oo ptd M 107, S a3 121 SonawdiaBREL Brade Mesahi Tron. New Fiction Pub Co N Y Teleph Co-pfd 111 N Y Canners....... 281 OseldaCorp, Perfection Tire ... Phoenix Hoslery pfd 101 Prima Radio Co... .88 0= gt Rt Reynolds § rhts w 5 Reo Mot 9 Schulte Sto 30 80 C & I. 5 Standard Motor. 7 Stuts Motor 2 Technical Prod 1 Tob Prod Exp.. % Todd Ship 80 Triangle Fiim 8 Untd_Pft 8) 9T 8 Lt & He e 3, 1st pf 2Wiiys Clst pf cd Tl MINING. 1 Alaska Brit-Oolo ! FEa 390 Big Ledge . 10 Bison Gold 10 Boston Mont 50 Con Arlz Smelt. 40 Cons Nev Utah . 20 Cracker Jack M. 84 CoMes Silver . !fajled to have any material | BY the Associated Press | freight. equal to | Raw’ lmuted cost of $4,000,000. | MONDAY, JANUARY 29,1923 $5,000 Life Policy, $43.85 | e faeltte 28 MR Lo s e Direct to The Star Office. Week, thereby offsetting the early| n. The advance of Cuyamel was also almost completely lost. Professional operat encouraged by their recent success on the selling side of Lupton Publishing Company shares, renewed their operations in this stock today. They found sup- port lacking and the stock broke 4 points. = Dean, Onativia & Co. Members New York Stock Exchange and Other Exchanges. 11 Wall St., New York. Expert and Sound Advice On All Forms of Investment Oils Move Siowly. Following the action of Prairie Ol | and Gas Company late last week, sev- eral leading oll companies announced an advance of 10 cents a barrel in the price of crude oil. This, however, effect upon oil shares. Special buying oper- ations were in progress in the low- || priced {ssue of Texas Ofl and Land, and this stock was actively traded in at advancing prices. Pool opera- tions kept on in Wilcox Ofl and Gas on a large scale and the stock reach- ed a new high record for the year, well above 103%. In the afternoon when the pool apparently tried som selling, it found outside support lack ing and the stock dropped over point below the close of Saturday. Profit-taking brought about a slight reaction in “Amalgamated Leather Statistical information. Direct wire connections. Prompt, efficient service. Trading Department Now Open WASHINGTON BRANCH common, while the preferred, on the other hand, made a new high record. Mining shares lost a good deal of their activity. Main Floor, Woodward Bldg. Phone Main 2040 10 Crown Reserve. ... = i Money to Loan 8 Dryden Gold .. 70 El” Balvador . Secured by first deed of trust on real estate Prevailin Il'l.rtll and_commission, \’Vefler 27 Emma Eilver . 50 Eureka Croesus 420 Wam. L. & Joseph I e ot & 7 e ‘LOANS 10 Goldfield Blue B 10 Goldfield Con 340 Goldfield Dee) 84 Goldfeld Florence. - 40 Goldfield Om —evr 180 Goldfield Jack Poi. . 40 Goid_Coln Mine. " If you have money to invest, we can safely Bluu it on gilt-edge first . C. Mortgages. Our record of 30 years insures your protection. Courte- ous treatment. Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. LOANS 4 Howe Round 70 Independence $100 to $309 on D. C. real and honsebold goods or cha! 10 Jumbo Fxtens .. 3 Mason Val. 120 Morington Mines... . 70 National Tin ew Cornelin. . Couki.. 0o, 50 Richmond Capper... 80 Bandstorm Kendall.. . 10 Sil Smith M 5 Sil_Queen M Bily Mi Success Mine Superstition Teck Hughes.... 5 Tono Relmont. . Tonopah Divide. Tonopah Extens o Jim Butler... . 3 Tonopah Min. ... Tri Bullion Tuolumne Tn_Ea MONEY TO LOAN (FIRST TRUSTS) L.W. Groomes, 1416 F St. End Ext e Caps.. 7 White Caps exten. . . 10 West Ttah. .. 10 Victory D Min WHEL FRNS MERGE: 510,000,000 INVOLVED W e il We will —have ready for delivery in about ten days a limited amount of Gilt Edge First Mortgages Investments In Amounts of $250 Up Make your reservations now. The opportunity to get your vings invested on a basis of 7% interest is rapidly passing. Chas. D. Sager 923 Fifteenth St. N.W. Main 38 Loan Dept. CHICAGO. January 29.—The com- pletion of & merger of steel wheel manufacturers involving an invested capital of $10,000,000 and eight plants with an output of 16,000 wood wheels and 8.000 steel wheels a day, is an- nounced here. Representatives of. the Motor Wheel | Corporation of Lansing, Mich.. which | last week took over the business of the disteel wheel business of the| Detroit Pressed Wheel Company made the anmouncement that thes also had absdrbed Forsyth Brothers Company of Harvey. Il manufactur- ers of Forsyth steel wheels. ‘The direction of the enlarged Motor Wheel Corporation will remain in the hands of the present exacutives, with H. F. Harper as president. RAILROAD CONGESTION HITS WHEAT MARKET Special Dispateh to The Star. CHICAGO, January —Railroad congestion is beginning to play a big part in_the wheat market and the action of May wheat today was partly | attributable to this factor. Russel| Milling Company ~and Washburn- | Crosby Company of Minneapolis were compelled to curtail their output be- cause of a lack of shipping direc- tions and the inability to ship east, owing to the rail embargoes against many place | SUGAR FUTURES HIGHER. NEW YORK, January 29.—The raw sugar market was steady during the | EQUITABLE Co-Operative Building Association Organized 1579 43d YEAR COMPLETED Ansets -$4,657,959.50 Sarplas . $1,180,5880.31 Systematic Saving A plan to make saving easy— Save a little each pay day and you will be surprised amount accumulated in time. Subseriptions for the 84th Issue of Stock Being Recelved Shares, $2.50 Per Month forenoon and prices were unchanged | at 37-16 cents for Cubas. cost and ! 5.21 for centrifugal. | sugar futures were quiet and with prices at midday 1 to 3| points net higher on commission | house buying. | BAKING FIRM EXPANDS. SPRINGFIELD, Mass, January 26. —General Baking Company, baker of Bond bread. has purchased two larger Dexter plants in Springfield, Mass.. and Waterbury, Conn,, at esti- EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON. President FRANK P. REESIDE, Seey, Banks and Estates We maintain a special service for banks and estates that has proved valu- able to an increzsing number. We will be glad to explain the plan in detail on request. _— TODAY’S COTTON PRICES. NEW YORK, January 20.—Cotton futures opened stead, March, May, 28.12; July, 27.73; October, December, 24. Eleven forty-five a.m. bids—March, 27.42; May, 27.72; July, 27.3 Oc- tober, 24.90; December, 24.55; steady. NEW ORLEANS, January 29.—Cot- ton futures opened steady: March, 27.40; May, 27.45; July, 27.30; Octo- ber, 24.88; December, 24.65. noon blds—March, 27.05; October, steady. —_— GUNBOAT SURVIVOR DIES. Last Member of Crew of Alabama of Civil War Fame Succumbs. SAVANNAH, Ga., January 29.—FEd- ward M. Anderson, said by high au- thority to be the last survivor of the crew of the gunboat Alabama of the Confederate atates navy and a de- scendent of one of the oldest families in Savannah, is dead. 1|GrRAHAM. PARSONS % Co. PHILADELPHIA NEw Yorx WasHiNGTON 405 Hisss BLDG. We Have an Abundance of Funds for Real Estate Mortgages at 51%% Provided the Security Is Satisfactory ' Wm. H. Saunders & Co. ¢ 1433 K Street N.W. 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. Consult Our Loan Department SHANNON - & LUCHS 713 14th Street Main 2345 A Lesson for You HE who sacrificed security Profit by and invest for absolute saiety and‘a good yield. Our 614% First Mortgages offer ab- papers tell the pl ior ver a Quarter of a Century Without a Loss B. F. SAUL CO. Main 2100. INVEST This Booklet Will Help You Place Your Money Safelv ised big returns, their lessor solute safety and an adequate return 1412 Eye St N\ YOUR SAVINGS HETHER you have $100, $500, $1,000 or more to invest, invest: gate oyr First Mortgage Loans on Wash- ington Homes before placing your funds. NEVER A LOSS *Qur 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%% and 7% lnterest. Convenient Denominations Call, Phone or Write for It WILLIAM S. PHILLIPS First Mortgage Investments 1409 New York Ave. Main 4600 NO LOSS TO ANY INVESTOR IN 50 YEARS Invest Your Funds at 6%2% 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 at- tractive tax-refund features, They have been purchased by us with our own funds after careful investigation. We recommend them as thoroughly safeguarded investments, suit- able to the requirements of all investors whose fiest consideration is Safety. Reservations accepted for future delivery $5,000, $1,000, $500, $100 Maturities: 2 to 15 year® Call, write or phone for descriptive circulars The F. H. Smith Company, 1414-1416 Eye Street, N. W., ‘Washington, D. C. Without obligation on my part, please send me informa- tion abeut your First Manp’- Investments which assure a net return of not less than 672%. The F.H.SMITH CO. Downded 1873, FIRST MORTGAGE INVESTMENTS 1414-1416 EYE STREET, N. W. NO LOSS TO ANY INVESTOR IN 50 YEARS (& » STV TES TSR i L