Evening Star Newspaper, February 27, 1923, Page 25

-FINANCIAL, NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office. * SEABDARD SHOWS | S0 SURPLS Railroad’s January Earnings Large—Revenue Totals. ». Pepco January Report. A surplus of 389,000 availablo for interest on adjustment bonds atter charges and was shown in January by the Seaboard Alr Line, sccording to its monthly statement. The gross revenue to A $4,487.000, compared with $§3, in 1 Other income was $47.00 t An_ item of $261,000 car hire for the month was occasioned by thef heavy movement of fertilizér in Inn-‘ uary, earlier than that movement | ordinarily oceurs. rtilizer i3 un- loaded slowly and requires more cars than most classes of freight. In January the road was short some 2,500 cars, undelivered in the equip- wment program schedule for 1322 First two weeks of February showed increase in gross of $500,000, as compared with the corresponding period of 1922 Loads moved In the | third week of February, 1923, totaled | 28,308, against 28,860 in the 1922 month, an Increase of $.75 per cent. In- crease for the first week of Februar was 343 per cent, and for the s ond week 36.6 per cent Tuternal Revenue Collections. January collections of Internal rev- enue totaled §127, nounced yesterday This brings the first seven months flscal vear $1,277,766,065, or $771.05 000 below the tax payments for th corresponding period ending Junuar 31, 1922, The payments in Jan at of the cember, th to the fact included the iment for the Income r ATy gRregated $38,10 $8,000,000 below the January a year ago. The other mreat | source of taxes, revenue from tobac- | co, produced $26,550,519. §$6,000,000 more than in January, 1922, Pepeo January Earnings. The Potomac Electric Power Com- pany was operated at a net income | of 3115238 ~during the month of} January, 192 rding to state- ment of ear: filed with the Public | Trtilittes Commission vesterday. This | slight decline from | reported for period of last imately $40.000 in Dacember's carnings, which 574,684 50 Xcess ¢ otaled but arnings of month $533.618 during compares with $494,173 for the same month of last year, but operating expenses for the jatter perfod are heavily in_excess of those for January, 1922, $309,4i2 and $257,567, respectively. Still an- other source of 108s is the deductions item which amounted to $128.726 last month as against $122,979 for last Year. Net earnings from the company totaled $19,787 derived from ineome. During operations of 176, - with miscellaneous 4 the period under sion $114 was impounded a contingent reserve for repayment to consumers in the event the corpora- | tion loses its fair charge now pending, which brin, he total im- pounded fund to $3,0 which sum includes interest. Net Income of W. R. & E. Net income of the Washington Rail- way and ‘Electric Company during the past month slumped pérceptibly 1o $12,817, in contrast with $18,833 for the same month of last vear, and with $14,873 in December, 1922 Operating revenues of the com pany amounted to $411,148. with e penses totaling $342,027. Non- oper- ating income was placed at and deductions amounted to $65,9 Net income of the City and Sub- urban railway for the month of Jan-{ uary amounted to $19,010, being most double that of the preceding | month and the same month a year| ago, when 311,726 and 310,576 were | reported, respectively. Operating revenues totaled $98.863, with expenses and taxes amounting | to $72,099. Deductions totaled $7,868. Interurban Report. The Washington Interurban rail-{ way was operated at a 108s of § during the month of January, 19 which compares with a defieit 1,910 in Dec nd a loss of January, 1922 Operating revenue 52,886, and expenses Deductions to the exten made. The Georgetown Jine likewise suffered a deficit fo January's operations. The month's setback amounted to $2,207, which is practically on an even keel with De- cember's deficit of $2,146, and the loss of $2,159 recorded in January, 1922, Operating revenues amounted to 38,548, and expenses and taxes ag- gregated $9,716. Deductions amount- ed to $1,04. Cleveland Co. Subsidisry Pla Willlam L. David, Cleveland, Donald Thompson, Pittsburgh, were appointed receivers for the Sharon Pressed Steel Company of Sharon, Pa.. will continue to operate The business of the plant, which con- sists main of stamped metal parts for automobiles and trucks, Announcement also was made th Mr. David and Thomas H. Hogsett, who were appointed receivers for the Cleveland Discount Company, which | has an office in Washington, in the Munsey building, have been named with Bertram L. Kraus, New York attorney as anclllary receivers for the New Yorl branch of the company They were named by Justice Mar- tin of the New York supreme court Saturday on proceeaings instituted by | David and Hogsett. As the company | operated branches In many parts of | the country, it is expected that simis | lar recelvership actions will be taken | at other cities by the receivers. ! The Sharon company is the second in which the discount company was jnterested that has become involved | in receivership. The Portage struction Company, Akron, for whi the dlscount company sold a issue of first mortgage bonds, went into the hands of receivers two v ago. nounted aled $2, of $546 wer 11 Tenleytow and who —_— Washington Stock Exchange | SALES. ! Ch ake and Potomac 2 X o7, 31000 88 0%, i Potomac_Electrie ‘cor 481,000 at 9, Capital Traction—3 at 9813, & at 981, § 98%, 10 at 981 Lanston el t -1 at T8Y, 10 at 79%, o AFTER CALL, i ‘Washington Gas Light—20 at 51, 20 at 51, Potomae Electric 1st 5s—$2,000 at y7. Washingten 55— 8500 at B4, Washington Gas 7is—$2,000 at 1031;. Potomac Eleciric g. m. 65—8$2,000 at 100, Money—Call loans, § and 6 per cent. . BONDS Bid and Asked Prices. p PUBLIC UTILITY. Tel. & Telga. Tel. & Telga. 434 & Tel. ctl.tr. 5 Bld. asked. b 3235283385328 t Anscostia & Potomac gusr. ©. & P. Telephone bs. VRS a: Metropolitan H. R. 5 Potomue Elec 1st 5 tomac Elec. cons. Potomae Elec. deb. 6y, Potomac Elec. Pow. s Pot. Flee. Pow. g m. & ref. al- i § BY WILLIAM F. HEFFERNAN, NEW YORK, February #7.—Price fluctuations on the curb exchange to- day were decidedly mixed and with few exceptions changes were confined within small limits. OIl shares came in for the usual at- tention and after further reallzing during the first part of the session the early losses were for the most part made up. Borne and Scrymser attracted specinl attention, opening up 9 points.at 125 and later crossing 181. The strength in this stock was oused on the declaration of an extra dividend of §1 along with the regular semi-annual disbursement of $4. Both dividends are yable April 16 to holders of record Mareh 17. Prarie Cil and Gas was taken up again and gained 7 points. while Standard of Indiana. was slightly higher most of the time. 8 the fact dividend the initial Standard of that on NEW YORK, February 27.—Follow ing Is an official list of bonds and s aded in on the New ket today ot Gil 6e Am Gas & K 1 Am Sumatra To TV 031y Am Repub Corp tis r& Co T o ut Del ‘arconl Co ¥ Service A A W .. 102 1008, 10 Lo Jon . 1018 100 4 United Oi Pro Unit Ry of Hav G Rwise Gost Blus . TN of Mesico 45 o Tobos pfd e Pipe Lin Coutinentai Ofl nt Pipe Line, Tilinois Impl O Indians Pipe Li Intl Pet Co L Magnolin Pet Y Transit. Olio Oil new. Prairie 0il & Ga: Penn Mex Fuel..... Prairie Pips Line... 11 0 N York new.. Vacuum Oil new INDEPENDENT OIL STOCKS. dreds. Ark Nat Tix Tndian Doston Wyo Trit Contr 0 rdinal Pete b Synd . Cit Serv .. Cit Serv prd.. Cit Sery B Creole Synd ... Pet ptd ... rs Pet ... ilang OQ . en Rock Wit 01 of I 5 Harris Por Hudson 0il Humplreys Ol ependont 0 & t Mammoth Gil Marland .. Maracaibo’ Gil . Red Ba Ryan ( Salt Ck Salt Ck pulpa aboard Ol .. nta Fe O & R.. thern P & R.. Sou States Ol ... 5 Texon Gil & Land. .45 MISCELLANEOUS, D, C. Paper Mfg. . Riggs Realty 5 Wast Wardman Fark Hote STOCKS PUBLIC UTILITY Americun Tel. & Capital Tra > xi com. Taxi pfd S NATIONAL BANK., Capital oo Commerciul District . Furmers Federal-American Liberty vo...p Natlonal " Riges Sotond Washington . TRUST COMPANY. American Security and Trust. Continental Trusi Merchants' Bank. ational Savings dnd Trust Washington Mechunics. FIRE INSURANCE, 225 18 s Real Estate MISCELLANEOUS. Columbia Graphophone eom. Columbia _Graplophone b H 3 Transter & Storage. 100 Mergenthaler ~Linotype. 0ld’ Dutch Market co 01d Duteh M 3 | Lanston Monotspe. S Kentucky represents an Increase of 331-3 per cent over the rate on the old stock and places the n on an annual $4 dividend basi street looked upon this as rather dis- appointing and the stock continued to decline. z Fay Taxicab, which ran up toward the close Monday from its issue price of 32 to 32%, lost most of its gain. Nevertheless the street was impressed with the announcement by the house which handles the financing that al- lotments were only 121 per cent of the full subscription. In other words the issue had been subscribed for eight times. Considerable interest was attached to the new lssue of Onyx Hoslery common stock. The first sale occurre at 40 and the stocks quickly ran up to {around 44 against the subscription | price of $37.80. Hill Top Nevada among the minin shares "was in active demand an again reached its recent high on ru- mors of increased earnings from its | new properties. The new {ssue of i Butte and Western Mining held firm above its subscription price. Tidal Osage O Tyrman O1l. Ventura Cont Wilcox Oil & 2% Acme Coal... 20 Acme Pack. 24 Auto’ Knit 1 Amal 2 Am G W Am G Am 1, & Trac pfd.. Am Writing Paper. Ar & Co of Del ptd ¢ Tirit-Am Tob Co cou Brig Inter Corp A. Brooklyn City R R Buddy Buds 2 Campbell Sor car Light . arcon! ptd 8%y Centritugal Ir Pipe 1313 Central Teresu ... 2 Chivago Kt Whi'pf century Ribbon Mill Chicago Nipple ... Checker Cab w 1. Cleseland Motor Columablan Carbon Cox Cash Stores rtinn Acro yarel Frait . Dubitier ¢ & Radlo Durant Motor . Durant Mot of ‘In Inspection. Ma Taxy o {- [ ) wamimpms o EPa- 81 yden Chemn ..., Hud & Maon B R 13 Hydrox ... 1 Hudson Co’ pfd 5 Indust Fiber Corp high Pow y Mg . Mercer Mot | 50 Mer Mot vtg cfa. & Nat Dept Btores N Y Tel Co pfd N. Y. Canners. corp . 30 Onyx Hose 1 Ferloss 157 Penn C & L Phitip Morris [0 ] 1 Ploenix Hoxy pfd. 1 Prima Radio C 4 Rudio Cx 2 Corp pfd.. Tire & Rub. it Pee Shar new it Retail Cardy. Un Ret Can fdrs st Tn Shoe Mach corp TS Lt & Heat.. MINING as Brit-Colo S1 Arle_ Globe Cop 60 Belcher Extens . 80 BIg Ledge ... per . ' Candelaria Min . Cracker Jack Min Columbia ontinental Mines.. op Min tem ot 2 “rown pean ) Divide Cons. & Nat rtuna Cop.. Sines. Siiver. EhRERPRERYER R au 1afeld 1ateid 10 Stat < Mine,. ildfieldu Cons Hardsh Hollinger Tomestike Flecla Mine . Howe Found Independence Iron Blossom Jerome Devel Morington_Miner National Tin Nabob_Cons New Cornelia New Dominfon 'Cop New Jersey &nc Nevada Cons New York P Nevada Ophir. Nipisst Ohfo Cop. Ray Hercules Inc Red Hill Florence Rex Cons .. Richmond Copper. ... - 40 Sandstorm Kendall. . 50 Sil Queen Min Corp . 60 8i1 Min of Amer.. .3 il Kin D Min reor 07 ilversmith Mines.. . Simon ~ Silver S0 Am Gold & T ) Spearhead Gold 20 Stewart Mines 4 Success Mines . Sutherland Dev i 4 Teck Hughes 47 Tonopah Divide 23 Tonoopah Extens 50 93 10 18 2 31 70 10 20 R#RR.5a S S E3 EEETFERCERLE t 5 Tonopah Min . 60 Tri Bullton 70 Tuolumne . 25 United Eastern . 31 United Verde Ext 1 Unity God ... 10 West End Chem. End Consol t End Ext Co-Operative Building Association Organised 1879 434 YEAR COMPLETED Assets . Surplus Systematic Saving A plan to make saving easy— Save a little each pay day and you will be surprised at the amount sccumulated in a short time. 3 Subscriptions for the 84th Issue of Stock Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Secy. NEW' YORK, February 27.—Eggs, unsettled; receipts, 23,290 cases Fresh gathered cxtra firsts, 39; do.. firsts, 36a38; New Jersey hennery whites, locally candled extras, 46; do., un- candled extras, “4oa47; state nearby £hares iand nearby western: hennery whites, the | firsts to extras, 40a44; state and near- | by hennery browns extras, 42a44; Pa- cific coast whites extras, 42a43; firsts to extra firsts, 402413, trigerator seconds unquoted. CLOTH MARKET ACTIVE. NEW YORK, February 27 (Special). -—~The market for cotton cloths showed decided animation today un- der the lead of the standard print cloths. Prices for 64 by 60s and 68 by 728 were at 11% and 1214, respect! ly. Sheetings were handled in fair amounts, and drills, twills and sateens were in demand. Money to Loan Becured by first deed of trust on real estate. Prevalling interest and commissio Joseph 1. Weller {2 Wesh & & True GILTEDGE LOANS From $100 to' $800 on D. C. real estate and bousebiold goods or cl tels. 7 per cent inte No broker- .~ Pay your bills snd owe. Hon, . 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” Sk, SECURITIES 7% First Mortgage Notes ! iy Secured on Improv Appraised by Experts of 35 Ye: ed D. C. Real Estate . ars’ Experience Without a Loss Offered in Denominations of $250 and Up A Good Investment. WILL PURCHASE First and Second Trust Notes Warehouse Receipts, and Make Construction Loans National Mortgage & Investment Corporation| 811 Vermont Avenue N.W. MORTGAGE MONEY 5% and 6% ~ An unlimited amount to hotels, office buildings, loan on desirablc apartments or centrally located business properties in Washington, D. 7, in amounts of $100,000 a PROMPT EARLY CL 713 14th St. nd upward. LOW FEES ANSWERS LOSINGS Main 2345 FIRST MORTGAGES V) cipal. Over e vestment s vour bar of a Century 1Vsthout a Loss Miin 2100. Safe Deposit Boxes at Very Moderate Rentals Capital ar Same Rate of Interest Paid on Large and Small Accounts OFFICERS WILLIAM D. HOOVER . WOODBURY BLAIR FRANK W. STONE ....2d V. Pres. ANK STETSON .......Trust Office CBAR . LAMBORN -1 B PERCIVAL ‘WILSON:.. Secratary " R. ULLMER, Asst. Sec, & Asst. Tr. BRUCE BATRD .. Asst. Trust Officer DAVID BORNET. Trust Officer National Savings & Trust Co. Oldest Savinis Year Cor. 15th I“Xl'EI\']l' $2,000,000.00 CE has proven that the First Mortgage yields as high a return as is consistent with absolute safety of prin- 1f you are not familiar with in- s we suggest you consult us or nker before investing. 5000 a1 B. F. SAUL CO. 1412 Eye St. N. Now Serving 42,000 Depositors nd Surplus There’s a Certain Fascination —in accumulating a dollar pile—in watching it “grow” —that invests the prosaic virtue of thrift with some- thing akin to adventure, and makes a bank book ever fas- cinating. {/ Interest energizes every dollar deposited in this old bank—helps swell the total of even the smallest de- posits, in time. 1 Join our 42,000 depositors THIS PAY DAY, and expe- rience the satisfaction that financial security fosters. We have a Pass Book waijt- ing for YOU. * DIRECTORS Footbury Baie *Willlam D. Hoevar ames &, BuCBARAD Deginald §. Holdekoper Wiliam A. B, ChirBVictor Kauftman William V. Cox Charles MInshell H. Rosier Dulany. Jr. Edmund D. Rheem Wi B. Edmonston Frank Stetson Frank W. Stome Fenning William i1 Walker Heary K. Wiilard Depository ‘in Washington and New York Ave. Time-Saving CHART S$.Government Loans >ives at a glance information about United States Liberty and Treasury Bonds and Notes, including income tax exemptions, and a new table for the quick calculation of interest on Treasury Certifi- cates or Notes. Sent on request The National City Company Washington—741 15th St. N.W. Telephone—Maln 3176 atisfactory Service —are outstanding elements of the desirability of investing 7% First Mortgage Notes Desirable investing depends solely in judiciously selected securities, We value highly our record of never a loss of as much as a single penny in either prin- cipal or interest. Noitu"now on hs;nd in de- nominations of $250 up to §5,000. Certifled Title with_each purch ing, remitting interest u detalls attended te by our Loun Department. Chas. D. Sager 923 Fifteenth Street N.W. Loan Dept., Main 36 S g R I A J Y v Organized GEORGE 0. H. P. m isle. OFFICERS: W. WHITE. JOHNSON. 0GILBY C. F. JACOBSEN CRAS. E. BRIGHT. . ALBERT 'H. BEDFORD C. LOUIS ECKLOFF J. "GALES MOORE DIRECTORS: ARTHUR T. BRICE WALTER BROWNLEY FREDERICK DeC. FAUST WM. F. GUDE CHARLES JACOBSEN 0. H. P. JOHNSON RUDOLPH KAUFFMAXN Dr. J. THOS. KELLEY, Jr. A. LISNER TOWNLEY A. McKEE C. F. R. OGILBY Nationa FRANK WM, H. GEO, W, AT THE record of business, J. H. RALSTON HUGH REILLY E. FRANCIS RIGGS HERBERT T. SHANNON H. C. SHERIDAN CHAS. G. BMITH, Jr. W. R. TUCKERMAN W. A WIMBATT safety of its offerings, the volume of its business, and the length of time it has marketed securities. A small business for a long period of years—a large business for a short time—neither may mean a real test of the safety of . the securities offered. The best test is: Has the House in question done a large enough to anyinvestor, to make its record really significant? Apply this test to S. W. STRAUS & CO. This House, a nation- wide Institution, has bect: in business for forty-one years, sell- ing hundreds of millions of dollars of safe securities to investors without a single loss. Surely this record is a significant one. FINANCTAL. ON FIRST MORTGAGES W;%':nynu& G - 1207 Crneclicut @cm FIRST MORTGAGE LOANS “The School of Experience” Many persons buy our First Mortgage because, as they say, “they cannot longer afford to take riske” They have had their lesson in the School of Experic and have profited thereby. In Phillips' First Mortgages principal SHRINKS and interest arrives regularly when due. the NEVER Our conservative business methods have so perfectly tected and safeguarded the funds of our investors that not single client has ever lost a dollar of pri any investment purchased through us. al or interest on Ask for Descriptive Booklet “A"—11'S FREE WILLIAM S. PHILLIPS First Mortgage Inv eftmen'.s 1409 New York Ave. Phone Main 4600 i, = Open Until 5:30 P.M. Tomorrow & Thursday Another Salary Check Will Be in Hand —tomorrow, and let us hope, for your own good, that part of its proceeds will find haven in a SAVINGS ACCOUNT. fDollars so deposited will prove willing servitors for you in time of need, and such times come to all of us. Our Savings Dept. Pays 3% ~COMPOUND INTEREST—invites initial dc posits of One Dollar or more—gives you the pro- tection of Washington's OLDEST National Bank Open until 5:30 p.m. tomorrow and Thursday for vour convenience . ..Oashier Asst. Cashier Aust. Cashier P. REESIDE SAUNDERS WHITE Metropolitan Bank Capital, Surplus and Undivided Profits, Over $1,700,000.00 15th St. Opposite U. S. Treasury—109 Years Old L T What “41 Years Without Loss” Means to Any Investor an investment House may be judged by the over a long enough time, without loss The reasons for this recerd are fully set forth in our booklet, “41 Years Without Ask for STABLISHED 1882 Lows 20 Any Investor.” Write for it today. «@OOKLET 771-G STRAUS & CO. OFFICES IN FORTY CITIES INCORPORATED "NATIONAL METROPOLITAN BANK BUILDING ® WASHINGTON, D, C. Telephone Main 5847 41 YEARS WITHOUT LOSS TO ANY INVESTOR @ 1923—S. W. 8. & Co.