Evening Star Newspaper, March 2, 1923, Page 29

¥ SHORLTERMNOTES HOLD THER OWN FIN P Least Affected by Rediscount Rate—Traction Earnings. Mew Bank Treasurer. i rediscount rate. has had less fur short-term other thay That these ent issres any havd ustic dec run- sell- of ress are indicating get per cent sad indicator ue rtificates to Decembe to vield .93 the Treasu Ve-mont rate 4 new short-term n <hould bear. Laberty o ave sold off ap- sunt ciably ew redisc o cifecr. in brokers and bank- « long-term less than 4': bond per arnings Drop. 1 Company come of 336 January. 19 mmission an- This represents decline of $48.000 0 carned in thé cc month of the previous net i nonth of Utilities ¢ vesterday sximate $104.7 u ng revenues lower fare operating ex ponsibie for the rerusil of the During the later aperati evenues ¢ ared with s totaled 907 lust vear. way op deduct cd on ¢ with 1 whe! ai ted to the toty 848 funded the ear bered cd d g S.I51.686 as « decrease of 112,857 The average per car ter month amounted noun to it averaged cent f while Jast ve Whilc e are Davidson Named famiiy tution e bank's officers of one of the yet made by s hailed Onrestive mbyias k- Bankers' are 192: alrcady ted Howard t quarters Liberty Mutual Report, report Liberty Insurance was read annual meeting of the organ- held at the office of compans Boston, President reported very satisfactory despite the eftects of the al depression. The total sales ce depart business tere of S1.442.558 sets equal the The holders 30 peria miums . over §1 ¢ organization in stated, the po cived over $8,50¢ dend. vear 1922 the company show- arnings for dividends and sur- of over 36 per cent. This margin 8 per cent i< greater. President Jin rep than tie average the past fiv cars. Over § 00 from current ult of a prrfection of the in of the company name Randall N for Border berty Mutual vidends 500.000 1912, the cyholders 0in cash Dur- City It 1wy Compun HORT 1 w05 Tuinish dyear T I REASUKY CERTIFICATES, Wuvistions furnished by Redmond & Co.» ——Noop. Bid 2. 9 ~ Maturity. ~ Mareli Mareh 414e June 13 D EARNINGS INCREASE. MORE. March 2.—The state- the Western Maryland Rait- Company of estimated earnin 1 the week ended February 21, the iiiree weeks ended that date, and the current fiscal vear to that -is date s follows. Total for’ week. ek last vear, ceks o February ar, $1,128,029.97 o Webruary 2i. year, $2,606,296.21. is 18 same Three : last cal year 30; last Current fi un- ANCIAL. COMMODITY NEW'S WIRED STAR FROM ENTIRE COUNTRY CAMDEN, N. J, March 2—Farmers {tn south Jertey today are holding large sweet potatoes in the hope of | zec Ligher prices.” A movement {is on foot for orgamization of a c operative marketing association, which wou'd nse motor truck transportation {1~ New York and Philadelphia PHILADELPHIA, March 2.—The de- mand for new fabrics Lias given a sharp impetus to silk manufacture in this istrict_and the mills today are work- well toward capacity production. TULSA, March 2.—Three new jline plants ‘ure to be buiit at the Burbanlk field. Zaso- once in it was announced to- das. They will be put up by the Gypsy Oii Company, the Phillips Petroleum Company and the Skelly Oil Company NEW ORLEANS, March 2. —Shos dealers throughout the south reported today that sales of high-class merchan- dise "fo far this year had not heen so £00d s last season, but that sales of ailable priced shoes were well above pre-war figures, CHICAGO. March 2. —Some tanners this section are going south. where | raw materials are cheaper, as mani- facturers are insisting on theap | leather. ~ However, there is a good | business reported’ in side leathers | { today. and sole leuther is selling well PAUL. March 2. —The St. Paul! railroad today is making preparations | for temporary trackage into the Ford | dustrial plant, and_about 300 men | will e given employment within three weeks when work on the Ford plant is started. BOSTON Hallett | March 2.—The sales of the vis Piano Company have been such that officials announced to- | duy the plant would be run at full | \pacity throughout 1923. The largest | i sales were in New Engiand, the Atlantic statse and on the Pacific coast CLEVELAND, March 2.—The $7 ad- vance in the price of automobile sheets by steel companies in this| saction has not checked demand. steel men sald today, and metal furniture ! 0 has advanced 5.05 cents to 5.15 junts a4 pound for second-quarter de- iveries. PITTSBURGH. March . —The Hill an Coal and Coke Company has rdered 500 fifty-five-ton cars from | the Standard Steel Car Company, and 00 seventy-ton cars from the Pressed Steel Car Compar Sulphur from coal quickly affects stecl. and the car containers will be constructed of cop- per-bearing steel to withstand this influence SAN TRANCISCO. March 2 -Cali- | fornia now has passed the frost-dan- | ger period for this season, and esti- mates made today indicate that l]u‘l total erop of citrus fruits will aggre sate 60.112 carloads, of which oranges | and grapefruit represent 48,755 cars | T | i Washington Stock Exchange SALES Capital Traction—10 at 98 Washington Gar TAghi -10 at 40, 10 et 19, 5| 49. 10741 49, 15 4t 49 10 At 40, 10 at 49, | 10 at’ 4R 10 at’ 4. 10 ar 49, 10 af 49, 3 872 10 at 48310 at 48% 10 at 4S%, 10 8%, 10 at 485, 10 at 4874 Lansion Monotype—10 at 791s W 10 at 791, Morgenthaler Linotype—15 at 171% AFTER CALL. Traction—10 1 i ! | { Capital 0 at 0} 95, Washington Rws. 7213, $1,000 at 120y Washington Rw: Tanston Monoty’ 8% Potomac Fieerrie g m. 6—$1,000 at 100, Washington Gas Ligh Washington Ruy. & Elec. pfd. —10 at 7 10 a1 7815, 10 &t 7375, 10 ar 731, Mones—Cail loans, 5 and 6 per cant BONDS Bid and Asked Prices. PUBLIC UTILITY Bid 916x 08 & T 551,000 2t Askey #2% | 101 Tel. & Teiga Tel & Telga & Tel. et tr & Tel. conv. s Anscoatia & Potomac Aoacostia_§ Potomac g C & P. Telephone Telephone of ¥ pital Traction R. R City & Suburhan 35 Georgetown Gas | Metropolitan R. R Potomar Eice. 1at Potomae Flec. conn. Potpmac Eiec. deb. 6s.. ... Potomac Elec Pow. g m 6% Pot. Elec. Tow. g 1._& ref. 7s. 1081, T wash., Ales. & Mt Ver. 5 3 i Waen!! Alex. & Mt Ver, | Wash'© Balt] & Annap. Washingion Gus 7 Wl Gan Waslh < Wwash & e MISCILLANEOUS Nfg se . tape e cge licalts os (lenz) Iiggn Realis oa (ho: Security Storaze & Wash. Mkt (oid Storage Wardman Park Hotel 6s.... STOCKS PUBLIC CTILITY American Tel & Telga pitul Traction... ... hinglon Gas..... folk & Wash. Stcamboat ash. Rwy. & Elee. com. wash. Rwy. & Elec. ptd | | | { Terminal Taxi com.. | Terminal Taxi pfd. NATIONAL BANK in {capita) | Columbia [ Cammerc | District ... | Farmers & "Meoc Federal-Awerican i Liberty Lingoli National izgs w Metropolitan.. hington American Se Loantiuental Merchanty® ¥ ¢ National Say j Lnion Trust : ! Wachington Loan ang SAVINGS BANK and Saviugs....... security Seventh _Street.... Coited States.. | Washington Mec American | Corcoran | Firemen's | Natiooul TITLE INSURANCE. Cotumbia_Title.. Leal Letate Tit MISCELLANEOUS. « phupbione com. .. ! Columbis _Graplophone pfd. Mergentimler Linotspe. ... {Old Duteh Market com. Old Duteh Market pfd Lanston Mouoty ccurity Blorug : Washington Market . Yellow Cab. i eExgividend DRY GOODS PRICES. NEW YORK, March 2 (Special).— | he volume ot trading in the Worthj street cctton cloths market today was | of only falr proportions and orices! iwhile firm were generally unchanged | ifor standard constructions. The raw | isilk market was very firm here, and | activity and strength were reported |from Yokohama. One or two grades ideclined & trifle, but others advanced. | NEWS PRINT PRODUCTION. January news print production of ! American mills reporting to the Fed- | eral Trade Comm fon shows 127,452 tons produced, against 105,808 same month of last vear and 125850 in 1921, | Shipments last month amounted to 5,656 tons, 26 and 116,176 in January, 1921 against 103,192 a year STOCK SALES HALTED. ALBANY, N. Y.. March i tion of the stock selling activities of ! the 1, R. Steel Company, Inc.. a stock | promotion agency, which_ciosed" its Buffalo headquarters on Wednesday. came as a result of operations by At- torney General Carl Sherman under so-called Martin law, it was dlsclosed here. Lits ! Pennsylvi THE EVENING NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office. BY WI AM . HEFFERNAN, 1 Special Dispatch to The Star. NEW YORK, March 2—The unusual actlvity that characterized the curb trading for the pasi week kept | yiiVin. Gecessity for it had ceased. on today. but price changes were| The sharp break in Fay Taxl fafled more irregular. While some of the |to &ffect others of this group. recent leadars among. the 'oils ¢ The rise in Houschold Products to & 5 Shaii s SCIaaRECRAe CON- |new high record was due to com- tinued to work higher, realizing sales | pletion of profit taking by those who brought about a reaction in others had subscribed Irm- the nt:?ck‘ -l:;'ll o i | with the upward movement of sterl- of this group. Standard of Indiana | iR the upward movemert of yqy was bid up across 68, while Vacuum ! york stock exchange. People who arc Oil, after advancing almost |“'ui|||(!!’e'led in Sterling Products lllf; Points, subsequently fell back. {are holders of about 25 per cent of Independent Oil and Gus made up|the outstunding stock of “Household loss, when it soid at 15, |iteports arc eurrent that latter stock an Consolidated attracted at- {will be listed on the stock exchange tention when it rose to 6 Salt | before the end of next week. Creeic issues were firm, Seaboard Ofl| Motor stocks were ogllcr Strong and Gas and Salt Creek producers|spots. Reo got up to 15 again and Lolding close to their best prices for |Cleveland and Durant of Delaware the present movement. Gulf Oil of [did better, Ford Motor of Canada es: was another to con-|tabliched ‘a new high at 447, up points from Thursday's close. 'Mining shares continued to reflect the fu- | vorable statistical position of the outside copper, lead and zinc markets 1d several ncw tops were reached. was announced at the time that the issue had been oversubscribed eight times. Today's sudden slump to be- low 2§, from the close of Thursday of 123, was ascribed to the with- drawal of -syndicate support, now | tinue upws A sha in the recently is- ued Fa xl stock was a feature today. The shares were brought out less ‘than a week ago at 32, and it NEW YORK. March is an official Jist of bonds and s ded in on the New York Market toaas 101 Butte Wentern 10 Butte N Y. 10 Calaveras Copper 0 Sales thousa; Cons Ariz Smelt... . Cons Nev Utah. T a Cresson Gold 3 Beth_Steel L3 Gadsden Copper.. 3 Can Nat Ry Lquip 7s 1081, GoldBeld Blue Bell 1 Cons Gas Bul 6s A, 106 Goldficld i roGas G 100 < T Sumat Am Roliing Mi Goldfieid Golg Coin Min id State.. 14 State . id Zone. . uess Mins. Green My Tomextake Hardsliell Min Harmill Div. Hill Top Nevada . Holiinger £ Hecla Mine Howe Sound. Independence Taad Jerome Develop Lone Star. 13 Eiahe Xt 2 Interh R 11n BT Ss of of dep Keauecott_Cop 7 ¥ MeN T Louissille ¢ Manitoba 1 Morrin & Nat Cloat Nat & Suit 85 i 2 Copper Morington _ Minex Tin ¢ Cornelia « Domiaion Cop Y Porcupine Nerada Ohpir Nipissing Ohio Copper Ray Hercules Red Hill Rex Cons Richmond_Copper il Qun Mine Corp Siiver Mines Amer I Kz DI Mo reor Silver King Arizanu Silversmit Mines Simon Silver rhead Goid coens Mines Suther Dev Mines Divide Penn Power & Phila Elec 6 Phillip Petro [ Florence dal 1 Unitea 17 Argentina 7 23 34 King of Nether 5 Mex Gavr 3 Mexican Govt 10 Mexican Govt s 6 Rep of Cuba 6 3 Russian Gost 1.1 1 Russ Govr Blas cfn T Swiss Gort Al 10T S of Mexico 4s Sales in units Tri Bullion Tuolumne, T'nited Fastern Uoited Verde Ext T N Continental Tnity 4 West End Consol West Eod Ex Wilbert 7 10 West Utah STANDARD 01 0 Dorne Sexhmser Buckese T L 0 Chesehorouzh Mtz d T 0il & Re new ISSTE:! 132 4‘\1‘ 39 WALL STREET NOTES. Baldwin Gets Another Order. $400.000,000 in Taxes. Special Dispateh o The Star. NEW YORK, March jdelphia and Reading railroad has ordered twenty-five consolldation type of locomotives from the Bald- win Locomotive Works Federal tax collections month. it is estimated. $100.000.000 Fx-dividend today: Genera! Motors common, Mergenthaler Linotype: | Underwood Typewriter common and preferred, United States Express The 7 per cent preferred stock of Duquesne Light bus been called for -odemption_at 115 .on the next divl cnd date. May 1 kle has advanced refined sugar and ‘American Sugar Refin- | ing nced the same 15 points, | to 9.1 per eent for cxsh. Others 1«0 joined in the advance ) gular quarrerly dividends :u-‘ day: . J. Reynolds Tobacco Com- pany coiamon and common B and pre- forred. Seaboard Natlonal Bank. Pittsburgh and West Virginia Rail- way Company. The Cambria Iron Company will pay a $1 dividend on April 2 to holders of record March 26. Bolts, nuts and rivets at Pittsburgh have been advanced 10 per cent {STOCK BONUS VOTED | IN GERMAN MARKS| Hamburg Steamship Company Also Increases Regular Divi- dend Rate. HAMBL RG. March 2.—The Ham-| burz South Americap Steamship Com- | pany today declared a dividend of | 30 per cent, against 25 per cent in 11922 and 16 per gent in 1921. 1 In addition. due to the deprecia- {tion of the mark. a bonus of 4,500 marks on stocks nominally rated at 1500 and of 2,250 marks en stocks nominally of 750 marks was voted. —_— FEAR OVERCONFIDENCE IN COTTON DISTRICTS Southern Business Men Issue Warning as Prices Mount to New High Levels. { Special Dispatch to The Btar. ATLANTA. March 2—Well in- formed cotton men of the south are | concerned today over some of the! effects of high prices for cotton. Busi- | ness interests are pleading with the | farmers against overconfidence and overplanting. Plans already have! Ibeen made for a great acreage e ilke . lcotton und farm operations are fur- e e o {ther advanced than last year at this | Hogkenoia Beod o, 4 5 time. The boll weevil menace ana Hudson Co pfd |shortage of laber are working 1v| ydics Coip !counteract the temptation to O\m‘-l “:*:M("’I‘:L“ {plant to some extent. Ao It is pointed out that the pluns Nat Dept Stor nfd for a cotton cultivation subsidy of p Co of Del the British government are in full -~ Flot Pub Co operation and British agents have . ,fr';';w:-" a1 already purchased farm machinery in Bew ma A the south, part of which has been Oxelda_Corp shipped. Australian interests today 2 Paige Motor contrazied with lecal firms for im- plements with which to attempt a 1923 crop in that country ———— Penn € & C.... TAX RETURN PUBLICITY. Philip Morris Radio Corp .. Radio Corp pfd Feo Motor ..... Rosenbaum G Corp. e MADISON, Wis., March 2.—Publica- Sen : tion of income taX statements of Wis- consin corporations is provided in a bill passed by the state @enate. The measure had previously been approved by the heuse and is favoréd by Gov. Blaine. Several large firms have an- nounced they would move from the state if income tax returns are made public. 29 P Imp 01 of Can o0 Inter 1 Pet Co Lid W06 Ohio 01 new 5 Prairie Ol & G1s. 100 Peun® Mex —The Phila- 4T 1) 38t o8 Sales INDEPENDENT OIL STOCKS in hundreds. 1 ATk Nat Gas 30 Biz Todian 0 Boston Wro 01 Cardinal Pet rib Srndicate S W Penn P I 12000 Vacuum Ol pew for will this total Engineers Par Fodoral Gilifland Gien Rock O Amer il Livingston Pet Mammoth i1 Marland Refin Marland Maracaibo 0l Mexican 0 Midw Mountain Mount Gul Mutual 0il vot cfx Noble Oil & Gas thwest Oil | 19%, 1oy 151y I e 4%y Pennock 01l ed Bank ran Con pulpa anta Fo bhoard 0il thern T & States 01l on 0l & Land ol Wileox 0il & Y 0l efin 0 & +7 " INDUSTRIALS Cont Pack Leather Leather pfd on Fab pfd Gas Acme Acme Power Knit & 1 Am Auto Armour & Co pid f Del prd s Teresu.. Century R Milix Centrif Tron Pipe.. Nipple... land’ Motor Chi St Whoel ptd.. Checker Cob & w i.. Col Gax & F. fers w Cox Cash_ Stare: D L& W Coal Dubilier C & Ra | H i ! { i i Telegrapi. Tire % pf s Taxi Gardner Mot Glen Alde: Gondsear Coul Tire Rubber “Prod.. Timken Axle.. Tob Prod Expis. Tnit Pft Shar new. Unit Ret Cands.. U Ret Can fdrs h T S Lt & Heat.... - 8 Distribut.. vayne Coal...... Willys Corp 1st pfd Yel Taxi Corp N Y. 189 MINING. l ! BANK CLEARINGS. NEW YORK, March 2 (Speeial). Naw York. bank clearings, $1,070.000.- 000. New York bank balances, $101,- 000,000. New York Federal Remerve Bank . credits. $60,000,000. Boston bank clearings, $97,000,000. STAR. WASHINGTON, D. | vious jlowes ! Cope | curistianta, RAW SUGAR LOWER: REFINED IS HIGHER Futures Market Also Active Again Today, With Prices Little Changed. By the Awsocinted Press NEW YORK. March 2. The sugar market was easier today., with Cubas offered at 5z, cost and freight equal to 7.28 for centrifugal. There was a sale of 23,000 bags of Cubas for March shipment at 3 7-16, equal to 7.22 for centrifugal. The raw sugar futures market was active and prices were easier under liquidation by commission houses and selling by trade interestx. The de- cline carried May off to 5.35 and July 5,46, or 28 to 30 poits Lelow last night's finals. Stop loss orders were uncovered on the decline. but after their execution prices rallied again covering, and at midday were about 12 peints net lower on active positions. The refined market was firmer prices 15a points higher. with fine ed listed at 9.00a9.15. Bus less activ Steel Stocks Wake Up. The taking un of the steel in the late afternoon was u good move from the professional stand- point because these stocks had n bLehind the market, degpite the know prosperity in the steel industry. I're- to today United States Steel common was up only & points from its of the year. although in the mean ne steel production has ex- panded from arcund 30 to not from 90 per cent of capacity steel prices have rixen on the age some $2 per ton The rise in stocks eel B and Renublic was naturally mor rapid than that in steel common because these con panies having been harder hit in the iump nad greater possibilities of re -overy NATIONAL LEAD TO KEEP 8 PER CENT DIVIDEND Funds to Be Taken From Surplus if Needed—No Stock Melon Plans. a “ an aver like Bethlehen Jron and Steel tional Lead « wim the dend rate S per cent o common stock. raised & per ce December, President Edward Corn advised 1 Funds surplus to maintain Net carn G480 of tributed stockholdr added to the totals $25,508.4 There i< stock dividend fr laws are enacted panies having surpluses with tant taxes which avoided declaring dividend report sh annual for 1822 repe w which § to preferr and intent the e FOREIGY EXCHANG March 2, 192512 FRIDAY, MARCH and | stocks | far | 2, 1923 l STATEMENT OF THE CONDITION of the {County Fire Insurance Company of Philadelphia, P: n the lst day of December, 1922, 4 re- uired under the District of Columbia Cede, ended Ju 2 t 18, 1911 amended June 30. 1002, and Augus o Capital stock........ 2 Capital stock, paid up, in ¢ + 500,000 ABSETS. ‘ R e - estato mortgages (first lien). N ds (market value) | Premiums uncoliected und hands of agents.... Inierest due and acer | AT other assets. ... i led Total assets. LIABILITIES Net unpaid_ claim.. ... ... Rescrve au required by law... . Salaries, rents, expenses. taxes. Commifssions. rokerage, ete. Capital stock... ... 3 Al othier Tiabilifies liabilities... ......... ..§1878.165.48 r of business fransacted during the 922, firs and tornddo inaurance. Amount” of risk_assumed during ing the year 1922.............$130.770,462 Losses. wustained during the sear 1932 ., % B ¥ received during the senr Total ¥ W. SWALLOW, Asst. Secretary Subscribed and sworn' 1o before we this 9th day of Februars, 1923 Neaty LOTIS J. DODGE. Notary Public ANS From $100 to $300 ‘on D. C. rea estate _aud housenold goods_ or ch tels. T per cent interest. Xo broker- #ge charged Pay your bills and owe. orly one trm. Cammercial Loun & Finance Corporation Room 211, 921 18th St. N.W. NT MOTORS, INC., OF DULAWARE ately 20 to 40 Shares of crow Certificnten DURA Apartment House For Immediate ‘Purchaser Will Pay $100,000 Give particulars as to rent, trust and expenses Stone & Fairfax 1342 New York Ave. $5,000 Life Policy, $43.85 FINANCIAL, BTA’ [ENT 0¥ 'TX'HE COXDITION e x’ HIA, !:‘ o5 PHILADELP! . 3 it f Deécember, 1922, as required June 30, 1902, and Angust 18, 1811, ASBETS. ‘ LOANS . If you have money to invest, we can safely place it on gilt-edge first D. Mortgages. Our record of 30 years insures your protection. Courte- Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. Money to Loan Real esta Bonds (market Interest due and accrued All other assets .... Tota) assets. LIA] Net unpaid claimg Rteserve as requ! | Al other Tiabilie! Total liabilities Lozses wuvtained during the year Money received during the vear Expended duirng i | Character of bastacas gransacied daring the At PR A Prevatiing inisrest Joseph 1. Weller £2 Wes 2. & I afe Security ound Methods atisfactory Service “are outstandig clements of the desirability oi investing First Mortgage Notes Desirable investing depends solely in judiciously selected securiti We value highly our record of never u 10ss of as much a8 @ single penny in either prin- cipal or erest. Notes now on hand in de- nominations of $250 up to $5,000. & e 1.332.081.30 fic vear 1922, 1.718.714.77 ALTER MOSES, President JOHN A. SLEMONK. Secretars. Rubseriied and sworn to before me th day of February, 1025, Seal) H.'LEE CRAIG. Notary Public Mr_commisaion expires Jan. 2, 1927, A Better Article ataPre-WarPrice Our Service— RENTS Mortgage Loans B. F. SAUL CO. 1412 Eye St. N.W. Phone Main 2100 iflcd Title cach purchase. ing. remitting interest and s details attended to by our Loan Decpartment. Chas. D. Sager 924 Fourteenth St. N.W. I.oan Dept., Main 36 LT LT QI TR T T LT il 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 Secured by Mrst deed of trust on real esta: WU T LSO LU L T L AT bl RECIPROCAL AUTOMOBILE lNSURANCE Send date of birth for illustration. | Asseis over $200,000,000. 2 ROV GOFF e—All Pncles watl Hufldiog. M. 34, (Quotations furnished by W. B. Hibs & Cu) | Nominal gold value. London. pound Montreal, doliar . Parls. franc Rrussels, franc Rerlin, mark Rome. lira.. Zurich, fran. Athens. drachma . Madrid peseta Yienna. crown apest, crown Progue. crown Wersaw, mark e rown Stockbolm wn NEW YORK EGG PRICES. NEW YORK. M Zathered ex 240; New Jorsey he ndied, extras. 42 nd nearby western . to extras, 39a42: Pacific extras. 411a42: do. fir firsts, 3%adl: refrigerat . unquoted. _— TODAY'S PRICES FOR STEEL. NEW YORK. March 2. —Stecl prives f.0.b. Pittsburgh. per 100 pounds: Blue annealed sheet 2.90; galvanized sheets, 4.60a4.7 sheets 5.50; steel bars Bonds so designed have market advantages which they would not otherwise possess. The sale of securitics to such Sinking Funds ¢an often be accom- plished at better than market prices. We will be glad 1o send you our recent re- view of bonds contain- ing Sinking Fund pro- visions. GRAHAM. PARSONS X Co, PHILADELPHIA NEW Yorx WASHINGTON 405 Hisss BLDG. Telephone: Main 2655 EQUITABLE Co-Operative Building - Association Organized 1879 43d YEAR COMPLETED diin. Bt ety Systematic Saving . A plan to make saving easy— Save a little each pay day and you will be surprised at the amount accumulated in a short time. Subscrip s for the 84th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. NW. JORN JOY EDSON. President FRANK P. REESIDE, Secy. coast | Selling rpecks § Livermore & Co Members New York Stock Exchange 823 15th St. N.W. and Wardman Park Hotel Main 2790 Col. 2000 S a part Returns. before March Call at any COMMERCIAL 7th and Mass. Ave. Blanks hav delay in making returns meet with unavoidable congestion. Those who wish to take advantage of our service are urged, therefore, to do so at their earliest convenience. Capital and Swrplus, $5,400,000.00 HOME Added to this we have a new idea in automo- bile insurance—prompt- ness and fair treatment in every instance. Sce our financial statement in today’s Star on finan- cial page. »= SERVICE Pennsylvania Indemnity Exchange Philadelphia, Pa. Washington Branch Office, 520 Bond Bldg. M. L. Young, Manager lncome T&X Service of our Service. our Income Tax Department will assist in the preparation of Individual Income Tax e been issued and returns must be made on or 15. Our experience has shown that those who of our four offices. Every Banking Service 3 Y on sarINes TRUST 15th-and Penna. Ave. SAVINGS BRANCHES 8th and H Sts. N.E. 436 7th St. S.W.