Evening Star Newspaper, March 4, 1923, Page 29

FINANCIAL. OMMODITY PRIGES RAILROAD STOCKS ARE MUST BE WATCHED - Money Rates Another Vital Topic Now Puzzling Financial World. NO REACTION IN SIGHT - Liberty Steel Production Strengthens Business. BY BYRON SE il Dis NEW York of both inves to The Star Marg el The attention bonds and specu is centered on ions exclusively. concerned about the money and the intentions of the erve authorities on the one about rising commodity iuflation on the other. which th take, pective markets as to these two lators in now tw almost They market federal re hand and and it their prices The + ward ds blems to- re de- on their No views o e o intere Repeated exi ded by serve ant os November. Watching Resxerve Board. a owly mounting 1 dealer traders harges for 1 slowly de- 1 consequently < for investment securi- . speculators, while willing & with the rising market as n putting -their order for the storm they to believe will break should 1 reserve authorities pa- ily decrec tha ud commoditic car Ted alike must r 1 on favor nre of an ed neither s output of nts on the demand to wh ommniol rt at st prices must a s not 1 k ecither ing influ- niy have bond prices and than that xpe overdoes itself wheth, commodities with in- n. But there are oth be taken Is only t the th bond investors and the st ulators cannot simultaneously be nee in stocks ted whether it cannot but ving the bond ed that trade od th. a4 chang wis Money V' to do othing is m n alway with Liberty Bond Outlook. Let us consider the situation as to tnvestment securities a little more in Liberty bonds, of course, ma taken 3 standard. There has been a good deal of talk this week about lower quotations for govern- ment curities and predictions have been v e that the Secretary of the Treasury would be obliged to_ pay mo an 4= per cent to refund the naturities ing in the middle of the month Supposing 1o means fore in liberty bonds decline two or the same token th belicve any &imi of oth high- vailre curities Only dac b I this to be true; it by asts any such reaction ed the great ars ago. By ce al_and come about. as individual issues onut of line with oth- 15 can substantiat a in so have been sell ers of their losses be expects Tt is true that which ma railroad perior as a class to indu he old tradition, securities su- rials, when speculation | e | here § | | Bond Prospects—High | Iy is discussed { and this, see | Fhes | HGHEST I TREEYEAR Lead Short Saturday Session in Re- sponse to Much Better ssuciated Pross.s NEW YORK. March 3.—Railroad shares were bid up vigorously in to- day’s brief but active session of the stock market. while heavy profit-tak- ing sales were being made in the in- dustrial group. The bullish demon- stration in rails, which had been lug- ging beflind the market, was in be- lated response to the substantial im- provement in earnings shown by the January carnings r r those of the same month lust vear New high records were esablis s New York Central at 994 : Baltimore & Chio at at s1: Sou 2 Rock I1Sland at fd. at 9% and the net 4 Great Nof Paul pid nging from small [rac three points. At th ssion the average p leading railroad stocks highest figure since April PRODUCE MARKET. DBALTIMORE, Md., March 3 (Spe- cial).—The egg market has been casy the past week under fair receipt demand limited to immedi. h firmer conditions pre ng at other leading egg centers | coupled with no surplus of desirable here, zives the lo i tion a better ¢ oxed steady cents a doz strictly fresh and 34 average receipts. Duck e pls S0 far. and unde end of the e of twenty wa the demand the market is firm at 48 cents | a gen dozen. The live rally rules steady to firm especially on ung chickens, with no surplus of this sort in the daily o Large, smooth young and a half to four and a half pounds leghorns but rough, thin stags have to be xold at Winters pounds and under, in good and con- stand demand at and a hal!f to four and a half pounds, seil readily at 25 and 26, but small and leghorns will not bring over and Old roosters plentiful at 15. Under lighter receipts the market for turkeys is steadier, with a fairly good demand still prevailing for medium sized 4ily” he of good quality ung K blers at 3 tomss un- to move out at rooked breasts Season for poultry old S largel nominal nd 17 nd 18 for rough And poor stock. Very W ducks coming in, and choice fat stock in good demand at 27 to 30 ."1I| small and poor bringing 23 and ee fowl pts of pigeons and guine, ontinue light under good mand at 30 to 35 a pair for the former and 60 each for young and 40 each for old and_small of the latter. With the season for dressed poultry pretty ed the demand is limited and with the excep- apons,” wh meet with sale. the ma is quiet will not bring any more th stock. Large capons, seven and over, pound tion ready d sma white potato market rul as receipts and supply o moderate wih the demand but centered on well graded at 1 to 1.40 per 100 pounds and ¥ to 75 for N viand nd Virginia MecCormicks will not bring over 1.00 to 1.16. One hundred and fifty-pound sacks bring 1.75 for No. 1 stock and 1.00 to 1 for No. 2 Sweets and yams continue in ample receipt- and the market rules eas: under only a fair demand for the lat- ter and the former slow le. No. 1 sweets, 1.25 to 1.75 a barrel and 50 to 60 for bushel stock; vams bring 1.50 to 1.75 and 50 to 65 a bushel. Na- tive and nearby garden trusk plenti- ful and prices mostly in buver's fa- vor, owing to increase in receipt of early southern vegetables. Quota- tions today ranged as follows: Car- rots, 50 to 60 per 4-8 baske n1k kale and brocali, bar- rel; oyster pl 0 & hun- dred; parsnips. bushel; Norfolk_spinach 0 barrel and onions. 275 to 3.25 per 100 pounds, with No. 2 stock selling a little less than half price. The apple market rules easy under ample receipts and demand only fair, 2.00 to ning power is approximately equal, {and centered on choice stock only at Legal restrictions govern 5 of savings banks and states help main- tradition. Undoubtedly tain lMs. ne readjustment along { to find favor at yrd to indus. 15 a whe Teal Values Vital, hile also to intrinsic merit of the Il as bonds. in been most ac- demand for the as cotton, which had the greatest advance. 1t the quotation for the sccurity and the price for the commodity do not seem unreasonable in view of actual condition, such as the earming power. present and p tive, of the carporation and the supply demand in the case of the commodity, there does not seem to be loicii cason for ant ting any great col- values iwhile the t can f iews in busines “ Buyers th e New York . the same good reta cd. R States s t betwe < worth w secur stocks as on 2 real such which tive, 1 to commodities, has M St extreme nt for n e reports wholesale cent o and St. Louis ha to tell. Confide activity is well es ts have it tl el Corporati n 85 and 3 and this, it must be remem- pucity measured by expansion Teports good. and eve abroad the influstr distinet from the y cial, ix undoubted the face of all the little premature ) war in t e con W hue ama: :n we look situation, as litical and inan- improving. Tacts it to predict ems a gen- Name of Slain Flyer Revealed By LaundryMark Efforts of the graves' registrd- tion branch of the War Depart- ment to establish the identity of an alr service officer. who was shot down by the enemy more than five s ago, and which in- cluded the writing of more than 500 letter to various parts of the country, have met with suc- cess, it was announced Friday by the War Department. After the armistice, the graves of Lieut. Dana Coates and an unknown officer were found on the Meuse river bank. On the un- kbown officer’s coat was a laun- 4~ merk, <L, R. T.” and the Jabel of a Rochester, N. Y., cloth- ing firm. The firm 'was appealed to, but could do nothing other than furnish the department with the names of more than 300 stores that sold its output. Letters were written and a store in_ Austin, T replied that a nniform had been sold February 9, 1918, to Lieut. L. R. Thrall, Search of the records revealed that Lieut. Thrall of the 1ith Aero Squadron had been buried by the enemy after being shot down with Lieut. Coates. From these facts, the body was positivelv identified as that - of Lieut. Thrall, some | ini H 1 i 1 3.50 to 5.50 per barrel for all stand- ard varleties and 2.50 to 3.00 for No. 2. Bushel stock will bring 50 to1. while loose, unpacked apples are sl 1.50 to 2.00 per 100 pounds and 50 to 75 per basket. LIVE STOCK MARKETS. BALTIMORE, Md. March 3 (Spe- al).—The general live cattle market rules firm under a good demand for first quality stock, but most receipts by boat are of common to ordinary cattle and such’ is slow to find Calves in ample receipt at stock yards and market has a tendency to ease off under only fair demand. Quotations today at Light street wharf: Beef cattie, first quality, pound, § to 9; medium, 6 to 7. Bulls, as to auality, 3 to 5. Cows, choice to fancy, 4 to 5 common to fair, 2 to 3; oxen, as to quality, 3% to 2: milk cows, choice to faney, head, 0.00 to 75.00; common to fair, head, 20.00 to 50.00; calves' veal. choice, pound. 13 to ordinary’ to me- dium. 11 to 1 y smooth fat, 10 to 11; rough common thin, 7 to 8. Sheep. cho; 5 4: common o 15 fa 70 to 10 s, straight, 9 to 9% § to 8 stags and boars, 4 to as size and quality, 12 to s to quality, 10 to 12. 13 : common sows. as to 50, March - 3.—Hogs—Re- ceipts, 12000 head; mostly 10 higher; bulk desirable, 160 to 210 1b. averages, 5.40; top, 8.45; bulk 240 to 300 Ib. 8.15a8.25; few packing sows, common to medium pigs. hogs, 8.05a8. ght, 8.25a8. packing sows, packing sows S killing pigs,6.0028.00. head: com- Beef steers and lower, medium- howing most de- illing quality beef steers mostly medium to_good; numerous Joads at and above 10.00; extreme top matured steers, 10.50; best yearlings in _load lots, 10.10; few, 10.25a10.50; befter grades beef ‘cows’and medium to good beef heifers, mostly 40 to 75 lower, spots off more on medium beef heifers; canners, cutters and bologna bulls, 15 to 25 lower; veal calves, unevenly 1.50 to 2.00 lower: lower grades around steady. Week's bulk prices follow: Beef steers. 8.00a9.65; stockers and feeders, 6.25a7.75; fat she stock, 4.50a7.00; canners and cut- ters, 3.16a4.15; veal calves, 9.50a10.50. Sheep—Receipts, 1,000 head; mar- ket for the week: Fat wooled lam mostly steady; some weakness at close; week's top, 15.50; bulk offer- ings weighty; sheep, steady to strong; best handy-weight wooled vearlings, 13.25; choice light ewes, 8.76; shear- ers free buyers. Bulks follow: Fat wooled lambs, 14.50a15.25; clipped lambs, 12.00a13.50; yearlings, 12.50a 13.25; wethers, 8.5029.00; ewes, 6.60a 8.50; feeding and ehearing lambs, 14.60215.35. NEW YORK, March 3—Cattle—Re- ceipts, 410 head; no trading. Calves— Receipts, 550 head; steady; veals, 8.00214.5 cull: 6.00a7.50; little fl;l‘;'oeu, 6.00a7.0f rhyard calves, 4.00 25.00. Sheep and lambs—Receipts, 3,600 head; slow: sheep, 6.00a7.50 2.50a4.50; lambs, 12,00a15.| 9.00a10.00. mooth. ough. 6.85a ‘uttie—Receipt week ago carlings a7.25. —_— New York leads all the states the prod: Dapest sad DOl » two | Old hens three | THE covered is the Friday, March 2. activity of the market. N Al f 2.3 5617809 FEBRUA 1013 14 15 SUNDAY 'STXAR, WASHINGTON, D. RANGE OF MARKET AVERAGES The following chart shows graphically the action of forty repres sentative stocks dealt in on the New York Stock Exchange. A ast mouth, up to and including the close of the market ‘The lower section of the chart indicates the relative ‘The per! RY MAR. 1617 10 90 91 93 24 % 27 28 1 2 g 3 & g 3 ] 3 3 & 3 3 ] INDUSTRIALS —— © = < © & SVY U0 VIS —— (3 2 87 = SCALE FOR 3 & © . ~ MILLION SHARES 5 yright, 1923, | High Industrialx, 1 ..103.43, October 14 78.59. January 10 A Cantamber 11 73.43. January ® ‘wenty Industrial Co A i A 5 I a melting fwenty Railrond Con CM&St Al K Del & Hudson Lehigh rie Louin & Tilinois Central Atenizon Raltimore & Ohio Canadian Pacific Cles & Obio I 1 1Ja {F {February | February {February February Fehrunry Fihrnary Maturlty i Liberty 3t;s.... 103.0 Liberty 1st 4s. Liberty 2d 4s Liberty Ist 4%4s Liberty 2d 4%s. Liberty 3d 4%s. Liberty 4th 414s Victory 43s... United States 4s. ® Closing bld. 101 100. Stock E Up to and including S BONDS *and P. Telephone Ist pital Traction Ist 5% town Gas Lt 1st'5 Slec. Power 1st . Elec. Power cons i ot. Elee. Power deb. 6. 11,000—Pot. Elec. Power gen. 8s 2.000—Wash., Balt. and Anna . Gas Light 4.400—P. 3.000—Riggs Realty (long) 5s... | _1.000—Wardman Park Hotel 6s.. i Shares. STOCKS, al Traction i | 1 National Ban 3 Nationz| Bank ... 13—Far. and Mech. Nat. Bank. Nat. Metropolitan Bank 30—Riggs National Bank. 10—Federal-American .... 111—Amer. Sec. and Trust. 39—Continental Trust .. 21—National 12—Union Trust 8—Wash. Loan and Trust 5 90—Merchants' Bank and Trust C 10—East Wash. Sav. Bank —Real Tstate Title Insurance. . 249—Mergenthaler Linotype 5 346—Lanston Monotype 104—Washington Market UNLISTED Shares. STOCK. 1—Munsey Trust COTTON PRICES SOAR - INNEW CROP MONTHS October Sells Up to 26.82, Which Is High Record—May and July Also Up. N By the Associated Press. NEW YORK, March 3.—While all months made new high records for the season in the cotton market to- day, the feature was the increasing activity and relative strength of new crop deliveries. This was attrib- uted to covering by shorts, trade buying and a shifting of commission house interest from the old to the earlier new crop months owing to the recent increase in their dis- counts and prospects for further rains in the southwest. October contracts sold up to 26.82, or 72 points net higher. and closed at 26.77, with the general market closing firm at net advance of 15 to 67 points. Old crop months were 15 to 21 points and the active new crop positions about G4 to 67 points net higher. May sold us high'as 30.84 and July touched 29.85 but the close was a few points off from the best on the old crop deliveries, —_— REICHSTAG ADOPTS PLAN FOR $50,000,000 LOAN Treasury Bills for Amount to Be Quoted in American Dollars. By the Associated Press. BERLIN, March 3.—The reichstag has adopted the government's project for the flotation of an internal gold loan amounting to $50,000,000, by pass- ing a bill authorizing Finance Minis- ter Hertes to issue treasury bills for that amount quoted in American dol- lars. Only the communists opposed the measure. Before finally passing the bill the reichstag struck out the phrase des- ignating the purpose of the action as the creation of a foreign currency fund. While its purpose thus is left undefined, the fact that payments on the loan can be made only in foreign currencies of high value leads to the general understanding that collection of such money is contemplated. The bill specifies that subscriptions need not be paid in dollars, but may be met in these other currencles as well. 1n} Other Finanaial News.on Page 30. XY Central Daily Movement of Averages: 101.69 100.80 101.00 101.00 101.86 10098 s SIYVHS NOIMIW by W. F. Meyer.) ! ndustrials, 1923. | . 104.65, March ‘ 96.96, January 1€ | 1ign Rails, 1923 How High . Low . . 90.43, February 21 $4.53, January 17 cather 1 aducts i trie Westi Rubber Western mon Stocks Used Are: hern Northern Pacific Va New Haven Norfolk & W Pennssivania Reading Bouthern Pacie tern Roathern Rwy Unlon Pacific iy h February 16, February February February February February February February February oy Mond Tuesdas Wednesday Friday Saturday Monday’ Tuesday Wednesd Thursday Friday s 12az030 EE U. S. BONDS AT A GLANCE T igh. Low 94.84 96.00 95.60 96.00 95.74 96.74 95.86 100.02 98.90 —1923—— High Tow 101.90 100.94 9890 9864 9870 97.58 99.20 97.82 ?.10 97.58 90,18 0826 99.20 97.80 100.32 100.00 10006 99.34 Clane Yestordns 101.20 *a8.00 *9778 98.02 7.88 R4 98.08 100.00 902 i 78 16 The Year 1923 to Date on the Washington xchange. aturday, March 3, 192 Furnished by W. B. Hibbs & Co., Hibbs Bullding. Open Low. .98ty 961, High 081, as a0 953, vings and Trust... 0. . DEPARTMENT. Thene securities not listed under exchange rule: High. 100 Low. 100 |DRIVER EXONERATED | IN AUTO TRUCK DEATH Henry Standard, colored, 243 War- |ren street northeast, driver of the w0al truck that killed Russell Davis, ten years old, 1326 Otis place, at Hol- mead place and Spring road, Fri- day afternoon, was exonerated by a !coroner’'s jury at an inquest at the morgue yesterday afternoon. Dr. Edward Hasbrouck 490! 1ithestreet, testified that he was: fn his machine when he saw the Davis boy coasting on the grade on Holmead place at a rate of fully twenty miles an hour. The boy made an effort to raise the front wheel of his bicycle off the ground to escape the truck. He did not succeed, however, and was thrown directly in front of a rear wheel of the heavy vehicle. The truck was moving at a speed not greater than twelve miles an hour and the driver had it under control, according to the physiclan's testi- mony. )r. Herbert E. Martyn, deputy cor- gner. told the jury that practically very bone in ‘the boy's overy 11 y's head was CLOTH PRICES HIGHER. NEW YORK, Ma Close 100 100 3 today, lively \trading being transacted 1n cletiy {for bag manufacturing and narrow cloths for printing and converting. Further advances were announced on finished goods. Yarns ruled firm with an upward tendency. Wool goods held rm. SUGAR MARKET STEADY. NEW YORK, March 3—The raw sugar market was steady and un- changed today with Cuban quoted at 53 cost and freight, equal to 7.28 for centrifugal. Raw sugar futures were easier under scattered commis- sion house selling, brought about by more favorable crop advices from Cuba and & growing belief that the present crop will be at least 4,000,000 tons. The market for refined sugar was unchanged to 25 points net low- er, with fine granulated now quoted from 8. to 9.15, but only a moderate inguiry was reported. LO If you have money to invest, we can safely Bhuc.n&nzflt-odnw record of S0 years insures your protection. Courte- ous treatment. Percy H. Russell Co. SW. Cor. 15th & “K” Sts. UPTURN INSTOGKS MISTIVPRESSIE Higher Rediscount Rate Fails to Check Steady Ad- vance in Values. LESS NEW . FINANCING Washington Bankers Looking For- ward to Convention at At- lantic City. i I Both trom the standpoint of broaden- i and upward tendency, the stock market in the last two weeks has made an impressive showing. One of the most striking features has been the manner in which attention has been directed toward the lssues associated with the country's basic industries. Most of the specialties that have dis- played firmness are those assoclated with big industries. The fallure of the market to register an unfavorable verdict on the rise of the federal reserve rediscount rate may be attributed to sober consideration of the surrounding circumstances and an estimate of the purposes of {ihis step. Money longer ¢ {but there is actual suringéne to note the vol se the market pace. Ji is the opinion in certain finan quarters that the situation sound basls for constructive operations. Domestic_industrial acti ntensive, and there is an insist- call for raw materials and munu- factured goods, not only for general consumption, but for requirements in other branches of industry as well. In some important lines of commodities there s genuine scarcity, while in oth- ers the demand is sufficient to absorb current output. with every indication of continuing and perhaps increasing ing activity probable maintaing its present arning of industrial companies in ow being published show large increases in profits for their stocks, and | the market is responding to prospects for even larger earniugs this vear. While a moderate hardening of money rates is possible. the prosperity of tiie industrial corporations will more than offset this factor in the stock market, it is thought February Financing Light. New financing in February by rail- road. public utility and ustrial corporations by bond and stock is- sues were considerably under the record of January. 16 th being $: against $ 000, ~and . $1 19 Industrial corporations Junuary. led the way, with § 000, Pul utilities were with and railroads lowed, 000 Approximately 328,450,000 out of the f $254,360.200, eaual to 11.2 was use ctire maturing This compares with $196.- 212 per in January, per cent, in second, fol- Stock Exchange Sales Heavy. Transactions on the New York Stock Lixchange during February, according to the Wall Street Journal aled 23.860.100 shares, an increase 037.000 shares compared with a vear ago and 13.264,600 shares in the same period. 1921 The ~ dafly average trading last 2 as 1084550 shares. against 764,686 shares last year and 481,613 shares in the same period of 1921 During the month there were fifteen d with sales over 1,000,000 shares, gainst four days last year and none in 1921 The heaviest five-hour day was 1554,400 shares and the smallest 644,400 shares. The largest two-hour day was 753,100 shares and the small- est 530,000 shares. Local Bankers Please It nceded only the official an- nouncement that the next convention of the American Bankers Association Iwou!d be held at Atlantic City next September to start many member bank officials arranging their en- gagements during that month so as not to confict with the big session. I Atantic City, always popular with lthe tired Washington financler at that t'me of the year, will in all probability be crowded with local representatives as seldom before. States May Tax National Banks. The taxation by a state of shares | of national bank associations within ! its borders will hereafter be regulat- ! ed by the amended Section 5219 R }|S. a bill for the purpose passed jthe House, having been accepted by | !the Senate. ! ec. 5219 says the legislature n{l each state may determine and direct | the manner and place of taxing all | the shares of natfonal bank associ- { ations located within its limits several states may tax said or include dividends derived there- from in the taxable income of an! owner or holder thereof or tax the ] income of such associations provided | the certain conditions named in the] bill are complied with. 1 { 7 South of You St. In the heart of the auto- mobile area—50 ft. front by over 100 ft. deep toalley. ! Early Possession ELLERSON & WEMPLE 734 15th St. Phone Main 603 Apartments The Woodland Cathedral Ave. Conn. Ave. near i Apartments of 3 & 4 rooms with bath. New Building Thomas J. Fisher & Co., Rental Agents. S8 15th St. N.W. C., MARCH 4, T923—PART 1. MARKED DECREASE NOTED IN BUSINESS FAILURES By the Associated Press. NEW YORK, March 3.—Further indications of trade and business im- provement also are furnished by a continuation of record car loadings. a large Increase in bank clearings, operations of steel mills at 90 per cent of capacity, resumption of divi- dends by the Anaconda Copper Mining Company, doubling of the Utah cop- per dividend and a marked decrease in business failures, which amounted to approximate 25 per cent in the first two months of the year below the corresponding months last year. MARKET FOR STEEL STILL VERY STRONG Copper Also Active During Week—Tin, Lead and Zinc Gain Strength. NEW YORK, March 3.—The steel market is in a very strong position. A conspicuously active demand for Plates and sheets is noted from rail- roads and auto manufacturers, as well as for structural work of all kinds. Production, although somewhat larg- s still hampered by transportation bor conditions, and is not keep- ing pace with the demand. Buvers of pig iron are showing less timidity about placing orders ahead and the arket is acting with a strong up- rd tendency. Copper has shown continued activ. ity, with les reported at 16% and pioducers acking 17 cents toward the end of the week. The strength is attributed to a continued demand for domestic consump- tion und a strong supply situation. Trade authorities here estimate that production of refined copper, includ- ing South American imports, is very close to 185,000,000 pounds per month, of which upward of 126,000,000 pounds are available for home consumption. Bequirements are being rapidly covered. and some belicve there will be offerings from second hands with- 1y lull in demand, although such | s are presumably light. scored a further violent vance through covering of sp tive short accounts. prompted by vorable monthly statistics and fears of curtailed production in the Malay tes. Lead ruled 3 tronger. owing to con- tinued hcav consumption and un- eusiness as to future supplies in ab- sence of new sources of production. Zine continues strong, with good inquiry for both domestic and export account, owing to the bullish statis- tical position. Antimony strong with a good de- mand. WEEKLY BANK REPORT. NEW YORK, March 3. —The weekly clearing house statement showed de creases of $22.476.000 in loans. dis- ounts and investments: $3.451.000 in cash and in own vaults and $11 000 in net demand deposits < of member banks in the F serve Bank was incr 64.000 and time deposits jumped 21.037.000. Aggregate reserve totaled $527.070.000. making a deficit in re- serve of $885660. as against a de- ficit of $17.627.550 the week before. NEW YORK. March 3 market has shown continued strength during the past week with sales re- ported ut 167 generally asking 17 cents for elec- trolytic delivered this morning. Iron firm. Rural Life Metropolitan Location EFFERSON Park, Virginia, a new prefer- red, restricted residential tract, lies on Mt. Vernon Boulevard, within a stone’s throw of property favored for the United States Capital Jefferson Park is a place for children ' to romp in the sun- shine, and for you to enjoy out-of- doors by daylight after office. This charming Spanish dwelling, tiled in red, can be bullt for $12,- 000, In gradual payments Only ten minutes’ motor- drive or commutation from the city, have your own garden, lawn, flower beds, big porch and cheery sunlight on four sides of you! Select a building site now on the gradual payment plan. There'll be nothing tiff, ugly or standard- d about Jefferson Park. No crowded louses or freakish architecture permitted. The proposed big Com- munity Clubhouse will con- tain ballroom, swimming pool, etc. Playing fields and tennis . Another invit. Ing home. Al landscape gar. dening under competent diret.- tion Gatewood S. Bennett Exclusive Agent 1518 K Street N.W. Main 65% Sub-Ageant on the Grounds Daily and with producers | FIN/ ANCIAL. 2 CURB STOCK JUMPS SMALL NET DECLINES 73 PONTS N WEEK N BOND QUTTATION Many Other Issues Have Sharp‘ Advances in Very Active ' Trading. Wall Street .Deeply Concerned ir Interest Rate on New Gov- ernment Financing. By the Associated Pross NEW YORK, March 3.—There were W YORK, March Althougk wide movements in many important [there, e el dirong stntuiix ook 45 Bt oday's boud marker, the majority of tocks and groups during the past w . {the active issucs showed o with the most interest attached to is- [declines at the close. Confirmatior sues that ms |of reports that much of the recent that period. Iselling pressure came from larger ju- atoratiy stitutfons was furnished by today's ik report of the 778 member banks of statem, the fe I reserve system showing which |conditions us of ry whier of two points (o ahove 6 |reveals a substantial reduction in the Scrymser” had the —widest holdings of both government and cor nging from 115 to 135 porate securitie il rose from N ing In United States govern of Kentucl wother curitics continued irregular ture, advar there was Associated Press. le substantial advances in Standard Oil stocks were influenced by the favorable it of Stand: of Ind as responded to with an adva wdard Ol | : fea- | ment pending announcement of the tern government's new financin s fluctuations were limited to adius of 6 cents on $100. Latest all street reports indicate that the amount of the government's new loan will be $300,000.000_ but opinion varies brisk demand at frequent intervals and | Widely as 1o the probable rate of in- rose 1 point to & The heaviest trading | terest. was in Household Products, which rose | Total sales (par value) were $7,309,« from 143 to 373 4 | 000, FOREIGN EXCHANGE. NEW YORK, March chunges were more active. around $4.70% were again quoted [ "one standard Ofl at prices ranging from any industrial stocks swung over a | vide ran; a strong feature ted Retail Candy., which HARVESTER DIVIDEND. y 3.—Foreign ex- | CHICAGO. Mareh 5.—The Internu- firmer with business | tional Harvesier tion declared Demand sterling sold | regular quarterly $1.25 common divi- 1d French francs dend able April stock record above 6.10 cents. | March E_FINEST MO) | | i | OF TH i i | i miles’ fr n I fermx, $10.000 cash Bl New, Corner, Fireproof, Elevator APARTMENTS--1909 19th Beautiful Location — Overlooking the Dean Tract—Southern Exposure i i 5 rooms and 1 bath, S115 per mo. 5 rooms and 2 baths, §125 per mo. Will furnish, if necessary, for a moderate additional rent. C. W. Simpson Co., Inc. 734 15th St. Apartments for Rent gi 2222 Que St. N.W. Near Sheridan Circle t | i Best location. attractive stone front. new build- | ing. Large rooms. Four rooms and one bath: five | rooms and two baths. onstruction Co., Builders 1 I H. L. Rust, Agent 912 15th St. N.W. ' Weller C 8 Large, Light Rooms Sleeping Porches, Sun Parlors, Attics All Houses Open for Inspection Just North R. I. Ave. Cars Phone Us for Auto to Inspect