Evening Star Newspaper, March 12, 1923, Page 25

BANK GAINS MAE ORTHE YEAR 1922 Jacksonville Shows Largest Per Cent on Smallest Earn- ings—Local Stocks Firm. Earnings of national banks, teen leading cities, as published from day that the the gateway return on per the great grain center of the north- produced the smallest percent are of gain for national banks, 11.0° on capital and surplus. Washington argest vlus west, showing capital a institutio or §1.7 large net on capita ¥ fnxs, net earnings national | New York Hoston Philad Pittahired New St Lanis Dinver 0,000 llowing table FINANCIAL. VTHE EVENING STAR, WASHINGTON, D. C, MONDAY, MARCH 12, 1923. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office. BY WILLIAM F. HEFFERNAN, NEW YORK, March 12.—Outside of some of the low-priced mining stocks and a few of the oils, trading on the curb exchange today was compara- {tively dull. Ol shares for the most part were inclined to yield ground, hix being particularly true of the Standara Oil group. Undoubtedly the uncertainty re- garding the report of a merger be- tween Standard Oil of Indiana and Cosden Ofl. has checked speculation for the rise in the former stock. 1d turn out that there was mbination on foot involvirg | exchange of the two stocks, den, around 61, ‘s ico Standard of Indlana,’ where selling today just under 67, Is too high. Humble Oil, in six- | to- official soure indicate banks of Jacksonville, Fla, for the state, made the | capital and sur- while Minneapolis, cent, which hud sold a week ago at 417, was rather freely offered nd broke' below 39. Standard of | New York was fairly active around 6. which was substantially the Sat- able | Urday closing. International Petroleum, editable | 521, “was off a half point from Saturday nings on national per cent, on its per cent | makes a o« in the list, the nd surplus of the ns being but 12 net. Chicago, earnin made 17, 1 and surplus shows xi earnings and pe to capital and hanks last year NEW YORK. March 12.—Following is an official list of bonds and stocks traded in on the New York Curb Market toda lex i R BONDS. thouswnds s varn- cent of surplus for | Capital A wur- | Dl ol Mitlx T & T G ondn fix Anmeonds Tx B Armonr & G Ar & Coof Dol 1 honrd Trod Orlenns Ton Angelos Cuicagn Detroit palis Louisville Business was de change was w1 public u transacti Bid pri with £33, ahle bid, nom 1005 ' al bank dull, but better feeling in shares, although recorded wpitul Traction. 100, | Railway conimon, | 664, axked: consider- improvement over re- here the ne ittle tility < “we ce for usk with inul cent figures nston a8 . Gaw ( retire per used ital expenditures. Company corporations, interest the earporation noses to securities The G Tic utilit long and 7 Income der revie hureau. limit fc but the filing retu decigion view to is turns, ACTORS’ EQUITY BANS i SUNDAY PERFORMANCES Br the Associnted Press NEW ¥ and the standing 3 hers of t tions, ass Etreet Th. the mit Sund Recording Secreta art expla; soclation maintained that the seven-day strain was too pointed to the death of Frank Bacon as proof continental actors who play performances do not nervous formers, owing to the v of Europ. —_ Washington Stock Exchange hesapeake & Potom Fanston Monotype Washingt Waslin Monex—Call loans, 5 and 6 per cent Bid and Asked Prices. American T¢ Am. Tel. & Am. Tel. & Tel t & P. Tel apital Tra City & Sub: ~orgetown Metropolitan K. Totomac El Potomae El Potomac El Pot. Pot. Ele Wash., w Ale: Ball xton shington sh. Rwy. & F Paper Mfg. Co. Gn. Rigg e Riggs Real Becurlty Stor. & Safe Dep. Wash. Mkt Wardman Park Hotel 6s American Tel. Wah. Ruy. & T notes and extending t the limit Equity Council's refusal & Potomac 5. L. Anlmlfln & Potomac guar fn.. . & P. Telephone 5x Elec. Tow. . Pow. g m. & ref. 7 Alex. & Mt v sold ringly at t Railw; Manitol, Maracuil Pow 0il T mpany Finaneing. bt the near wture | + be outstanding 0,000 notes, the balance to | reimburse the company ¢ in cent to the ample of the Telephone and Telegraph and al other industrial { management pro- employes of the purchase of the the in the et Cie Sy west Bell Ta Company 2 in W creditable n, taxes of 1917 are still un- w by the internal revenue March 1 was the original review of the 1917 returns extension of the time of irns, resulted in a Treasury e time for re- Five vears| review of ’ tex 1 i Anglo s the oldest pub- and has a ne CIGN BONDS 1001, April 1. 18 term for STANDARD 01L Lobos I O Contitent oil Gl S o ™ ! [ i . o ‘an ORK. March 12 —The stags { e to an under h S socia- embled in the Forty-Eighth eater, unanimously indorsed to per- Kansis new Ky Ny Ohis b s s o 00 % 0 M0 8 0 4400 Ve Salex INDE in hundreds, ped ¥ performances. 1 ¢ Grant Stew- ined the attitude of the as- in a speech in which he Boxton Wyo 01 heavy for any actor and | of his argument. He said Sunday the same n _per- ty policy face tension as Amer ean theaters. Gulf 0il of Pu Harris Cons Pet... Hudson Oil.. Humphrey BALE! Indpt $2,000 at 04 e o 10t o, i A\I"T R CALL. il on 1wy, & | Lowrs Oil 158 81,000 at 10314 5 5—S$1.000 11 ammoth Oi aibo O Mexican Oil Midwest 7 Monnt Prod. .1l atual Ofl vot (fx. v Eng Fuel Ol BONDS. PUBLIC UTILITY Bid, Asked a1y el & Tela. 4 Tel. ctl. tr. ba con. fs. Oemar O & Penn Beaver Oil Pennock il ... Peer 0il Corpn Royal Cdn OI1. lephone of Va ction R. R. 54 urban 5s Gas 1t R. ectric 15t 5k, It Creek Conn it Creek new. pulpa Refin aboard Ol .. nta Fe 0 & uthern P & n Stutes O 0l & Land. irman Oil Vulean 0il Wileox 0l *0il ectric cons. fis R ectric deb. s g . o Ry .10 l\lll TRIAT. Aeme Coul Am Cot Armonr Attantic Yern 3. & Mt Ve 0. & Annap. Gas 5 Gay Tlux & Gas. . aby pfd. Co vt Fruit Borden & Co.. .. Rrit-Am Tob Co ¢ Bilyn City R R Buddy Buds ... r Light nt Teresn . entury RKib “Millx, ntrifugal Tr Pipe cago Nipple . (long) B¢ (short) 4 1% 314, Hl’/i Cold_Storage 5w STOCKS PUBLIC UTILITY 54 & Telw L Duiner ¢ & Radio and a point and a half from the high of a week ago. A sharp advance in Onyx Hosiery was one of the features of the da: This stock was up 6 points from its low of & week ago, operations for the rise being conducted on the strength of earnings statement put out when the stock was listed that bore & favorable construction. Dubilier Radio was anohter notice- ably strong issue. At 8% It stood at w new high for the year. and 3 points above where it was selling at one time last week. The erratic Durant Motors had what was for it a rather quiet day. It sold a shade above sixty at one time against 58% at the close last week. The advance in tire prices an- nounced by United States Rubber cuused more of a demand for Good- Year shares. Some large blocks of Arizona Globe were taken between 70 gnd 72 cents. Independent Lead fell off a bit and there was heavy realizing also in Ohio Copper. Michigan Copper was hought on reports of favorable de- velopments in the properties. Canario_Capper.. Cundelaria Min o Mining. bin Emeral Mine 5 Con Cop Min tp cf. Con Mex Utal Cortez Siiver, Dolores Ex Dryden Nine Mines Hardxhell Harmill Min Diy Iver llowing in order of uncertainty come Nevadu Ophir. Nipissing Richimond Sundstorm Sheldon Site O Sl King Div ) S1l King Ariz Con Stlversiith Mines ver ... Spearheud Gold. . St Anthons Gold - rt Minex.. .. Tonopali Relmont " Tonopah Diside.. y hExtensio 4 United Eastern.. U S Continental Unity ~ Gold.. ited Impl Minex. ano Mines. 1 Yuk Alas t SUGAR PRICES HIGHER. NEW YORK. sugar marke early today v the basis_of st farch 12—The raw s firm and active h Cubas advancing to “y, cost and freight, equal to 7.40 for centrifugal There were sale of about 150,000 hags of Cu to_operators and outport re- finers and 80.000 bags of P'orto Ricos to_Philadelphia refiners. The raw sugar futures market was firmer reflecting the advance in the spot market and prices at one time showed net advances of 17 to 19 points under renewed trade and com- mission house buving. Realizing checked the upward movement just | before midday and prices eased off | several points from the best. There was a better inquiry reported for refined but there was no chang: in prices which are quoted at to 9.15. GRAIN EXPORTS SLUMP. Last Week's Figures Are Much B low Previous Week. Grain exports from the United States last week amounted to 5.1 000 bushels, as compared with 8,740, 000 bushels the week previous. CLOTH MARKETS QUIET. NEW YORK, March 12 (Special).— Quiet marked the market for cotton cloths today, with prices little changed from the levels of last week. The raw silk market showed no change from the strong levels of Saturday The market was steady and a simila tone was manifest in Yokohama, where 500 bales changed hands. WOOL PRICES SHADED. BOSTON, March 12 (Special).—The Sumner street wool market was quiet and about unchanged today. with prices a shade under their best levels of the early part of this year. There was a fair demand for worsted wools manifested. A rise on a shear- ing is being delayed by unfaverable weather and transactions in the west were reported of small volume. EX-KAISER LIFTS BAN ON DRAMA ABOUT SELF| The Dismissal,” Depicting Con-| flict With Bismarck, May Be Publicly Presented Now. | By the Associated Press. i BERLIN, March 12.—Former Em- peror Willlam is reported by the newspapers to have withdrawn his lp-l peal from the court decision permitting ; FITII i Iron PREVENTED CROPS TOTAL BILLIONS Agriculture Department Re- ports Production Losses in Past 13 Years. Prevented production aggregated a total average value of $4,230,000.000 yearly in eleven of the country's im- portant crops during the thirteen years, 1909 to 1921, the Department of Agriculture estimates. Weather, plant diseases, defective seed and in-) sect and animal pests account for this preverted productior. ‘The corn crop is the chief suferer, its annual average prevented produc- tion being 1,568,879.000 bushels, which at the average December 1 farm prices, makes its value 1,266,282,000. Next in order {s the cotton crop. v.hose prevented production averaged | 8.418,000 bales. valued at $882,585,000, | including seed. Wheat follows with an annual average damage of 418.- 762,000 bushels, valued at $599,372,000. Other Prevented Crops. i The averuge prevented production | and value of other crops are estimat-| ed_as follows: Outs, 596.493.000 bushels, and value ! $280,277,000; barley. 108,063,000 bush- els, valued at $81,318,000; flaxseed,| 11,777,000 bushels, valued at $26,494.- | 000; rice. 11.267.000 bushels, valued | at '$14,919,000; potatoes, 210.821.000 | bushels, valued at $201.849.000: ap- ples, 163,466,000 bushels, valued at $186,946,000: hay. 34,025.000 tons, va ued at $576,401,000, and tobacco, 729,000 pounds, valued at $80,774 Flaxsced leads all of these crops | in future uncertainty of production, | with a range between high and low | damage to the potential c e as 51.8 per cent of that crop. apples with a range of 35.7 per cent, | cotton with a range of 30.5 per cent, barley with 30.1 per cent, hay with per cent, oats with 21.1 per cent, corn with 21 per cent, potatoes with 19.2 per cent, wheat and rice| each with 17.3 per cent, and tobacco far below with 9.8 per cent. ¢ farmers could harvest a poten- | ial production”, says the department | of agriculture,” they could greatly | reduce the acreage now devoted to| these eleven crops. The greatest re- duction would be one-half for flax- seed. apples, and cotton. taking the| average of the last two years for| cotton. The reduction would be one- | third for corn. wheat, oats, barley. | potatoes, and tobacco, and for twol crops—rice and hay—the reduction would be one-quarter. ! “Had the potentlal production been realized on the actual ucreage of | crops, prices would have been smash- ed. However. it will not do to say that the farmer has lost an income equivalent to the value of the pre- vented production based on the pric. of the harvest production, The fact is that the cost of the efforts to produce that portion of the potential crop which failed as a part of the cost of producing that portion of the crop which succeeded, und the eco- nomic necessity is that the farmer shall recelve the equivalent of this abortive cost in the price of the crop actually produced.” —_— WALL STREET NOTES. 1 Dispatch 1o The Stay | NEW YORK, March 12.—The Febru- ary wage distribution at Youngstown was $6,100.937, which was an in- crease of $713.937 over January and the next largest monthly wage dis- | tribution in two yvears. Of 117 sheet units of Republic only two—the heav idle. and Steel—are Ex-dividends tod: America Safety Razor, Butte Superior Mining, 8. §. Kresge, common and preferred; Montana Power. common and prefer- mills in the vielnity of Youngstown, | Money to Loan Becursd by first deed of trust on ral estats. Frevalling. iatorest ard i, Joseph 1. Weller §2 Wb L & Trust LOANS From $100 to $300 on D. C. real’ estate_and houseliold goods or chi tels. 7 per cent interest. No broker.' age charged. Pay your bills and owe ouly one drm Commercial Loan & Finance flvrvnun System Copyrighted & Patent 1 Room 211, 931 15¢h B¢, N. 7% and 8% High-ciass Real Estate Mortgages For Sale in small and large amounts Cory & Cory, 719 15th 5t. N.W. | FINANCIAWL., Eatablished 1599 MONEY TO LOAN In Large or Small Amounts 6% or 617 Before placing or Tenewing your First or Second Trusts, consuit WELCH (Harry §.) Loan Specialist 15th and N. Y. Avenue Main 4346-7391 Quick Repliex. Reaxonable Charges. Washingtox's Oldest National Banlk Business Is Improving {1 The forward movement in the busi- ness world daity becomes stronger, in- \mng new enurpryic and strengihcn- ing established concerns. | Washington’s OLDEST National Bank is proud of the service it has rendered local business, and is alway. glad to supplement individual initiative by counsel and accommodation, when warranted. Our officers invite your confidences. o] i, iy First Mortgage Loans! Lowest Rates of Interest and Commission. Prompt Action Tllomn J. Fisher & Complny, Inc. = 788 16th Strest. Organized In 1314 Our Savings Dept. Pays 3%, Comgpound Interest EQUITABLE Co-Operative Building Association Organized 1879 43d YEAR COMPLETED Annetx ,657.959.50 Surplus 1180,880.91 Systematic Saving A plan to make saving Save a little each pay u_ will be surprised the mount accumulated in a short time. Subxeriptions for the 84th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, Prexident FRANK P. REESIDE, Secy. $5,000 Life Policy, $43.85 4 Send_date of birth for tllustration Fatablished 1865, ~ Assets over $200.000.000. M. L2 ROY GOFF Insurance—All Rranches Boom €10 Woodward Bulidine M. 340. “When Investing” Consider First | Sufety. i te of return your | earnings will vield ! You will fin First Mortzage Notes Iways forcmest in recommended safets Send for full information conererning our 1% First Mortgage Investments in Amounts | Second. the v ced Title furnished 1o all with collection remitted the day due. Guarar investors, | Chas. D. Sager | 824 14th iwan Dept. M If You Believe in the United States You Believe in W ashington Attractive Is 7% First Mortgage Notes e red; Utah Copper and Western Elec- tric preferred Regular quarterly dividends today New York Steam Corporation, Bangor Consolidated Textile's annual meet- ing of stockholders, set for today, has been postponed until early in April. Sloss-Sheffield Steel and Iron Com- pany directors meet Thursday after noon, and it is expected that resump- tion of dividends on preferred stock will be discussed A New York coffee exchange seat sold today for $6.900—3$900 higher than the last sale. New York bank clearings. $432,00 000; New York bank balances, $67,- 000,000; New York Federal Reserve Bank credits, $67,000,000; Boston bank clearings, $53.000.000. A limited number annually. Each one secured by the owner. William and Aroostook railroad. I 8%--First Trusts—8 % they last, at 8% Interest, payable semi- All papers furnished. 1410 G Street N.W. Phone Main 3908 3 Years $100 to $1,000 Make Reservations Now 813 15th St. N.W. Main 2430 of First Trusts while Denominations $1,500, $2,350 & 2,500 on a home occupied P. Irvin Thrift and Progress 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- ous treatment. Percy H. Russell Co. S. W Cor. 15th & “K” Sts. 1| National Metropolitan Bank Capital, Surplus & Undwlded Profits Over $1,700,000 15th St., Opposite U. S. Treasury—109 Years Old, 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. “BeforeYon Invest. INVESTIGATE" When opportunity knocks at your door, answer at once—do not wait. The DISTRICT GUARANTY CORPORATION Is knocking at your dpor to- day and you will never have the same opportunity again. Ask the reason—but ask at once. WilliamBWestlake FISCAL AGENT Washington - - - D.C. $28-15'*St.uw. Tel.Main 6719 Consult Our Loan Department NO LOSS TO ANY INVESTOR IN 50 YEARS Apartments— Their Management Experience has enabled to improve our service as a re- sult of coming into direct con- tact with all phases of this business RENTS B.F. SAUL CO. Mortgage Loans 1412 Eye St. N.\W. Phone Main 2100 Who Buys Our First Mortgage Investments? The investors who buy-our Safeguarded First Mort- gage Investments are men and women who write or come to our office and say: “Naturally I want the highest interest rate consistent] with proven safety, but—above everything else I want my money to be safe.” If you are this kind of man or woman you will want to know more about our First Mortgage Invesments. They yield 612% interest, free of the D. C. Intangible Tax and the Normal .Federal Income Tax up to 2%. $100, $500, $1 flflo—-outrighl or under our Investment Savings Plan Call, phone or write for information Livermore & Co The F. H. Smith Compnny, { 1414-1416 Eye Street, N. W., i Washington, D. C. ! Without obligation on my part, please send me full. particulars about your 6'2% First Mortgage Investments. Name.. Address ke F.H.SMITH_CO. FIRST MORTGAGE INVESTMENTS 1414-1416 EYE STREET, N. W. Members New York Stock Exchange 823 15th St. N.W. and Wardman Park Hotel Main 2790 Col. 2000 FAMILY FINANCES When troubles come they often grow out of the family finances. HE trust officer of a modern financial institution is an experienced arbitrator. Protecting the rights of the weakest is always his duty, and guarding the rights of every one interested is his task. Delegation of authority to our trust officials will leave you free to pursue your usual business without interruption or division of thought. ] public performance of Emil Ludwig’s | drama, “The Dismissal,” which depicts | the conflict between the young kaiser and Bismarck, the iron chancellor. ‘Willlam objected to a stage per- formance portraying him without his permission. HUNTER KILLED BY CHUM. Durant Motor ... Durant Mot of ind. sardner Motor . illette § R. Wash, Ry Terminal Taxts com. Terminal Taxi' pfd. Talk your problems over with any of the officers in our Trust Department It is worth your while. WHEN a sum of money is invested in our First Mortgage Notes, the progress of thrift is constant and steady. The principal is always worth par, and the liberal return is constant in income-producing power. Thus your investment has the su- preme characteristic of safety. Our First Mortgage 6% Notes are secured by Washington improved property. They are direct first liens against the real estate, and our clients have the sat- isfaction of dealing with an institution whose reputation extends over fifty- three years without loss to an investor. Swartzell Rheem&HenseyC N SendtiacyCo 53 Years Without Loss to an Invest. Capital Columbia Commer District LE Farmers' and Vederal Household Prod. Hudwon & M1 . rox Corp ... e b Libby MeN & L new Mercer Mot ... 20 Mercer Mot vig el Mesabd Tron ... 3 Natl Dept Stores wi atl Dept Storex pf 100 at Leather .. at Sup Co of Del Every Banking Service 3% o~ savincs COMMERCIAL TRUST COMPANY. American Securlty and Trust Continental Trust. Merchi New Mexico. 73, 6775| LAS CRUCES, N. M., March 12.— 49y | Search for the supposed slayers of i0f | Lassaro Martinez and Santlago Silva, prominent New Mexico ranchers whose bodies were reported found by a posse, ended abruptly when Martinez walked into the sheriff’s office here and, according to the authorities, ad- mitted he had killed Silva, his boyhood friend, while they were on a hunting trip near Rincon, N. M., two days ago. IS CHAMPION STOWAWAY. 22-Year-Old Lad Makes His Sev- enth Journey Across Sea. NEW YORK, March 12.—"“The world champion’ stowaway” arrived in New York again yesterday. Hans Breitlauch, twenty-two years old, completed his seventh trip from Ger- many on the President Roosevelt, which docked at Hoboken after & stormy trip from Bremen. ! He ‘was taken to Ellis Island to await deportation. 4 Primu Radio Oy Radio Corp ... 3 Radio Corn pfd. Lepetti Cundy ot : Rosentuum’ Gr Corp Sliviton Looms w1+ Behufte Stores . 0 &1 dard Motor Technical Prod ‘Tenn Elec Power .. ‘Tob Prod Exports. 130 Triangle ¥ilm - .. Tn Pft Shar new I'n Retail UK Lt & Het:: Will Co 1 pf of dp Yale & Towne new MINING. Brit-Colo. . Washington Lotn & Trukill! SAVINGS B, Washington Mechanics FIRB INSURANCE. 15th and Penna. Ave. Capital and Surplus, $5,400,000.00 HOME SAVINGS BRANCHES 7th and Mass. Ave. 8th and H Sts. N.E. 436 7th St. S.W. American Corcora Firemen's National Union. Columbia Title. Keal Estate Titl MISCELLANEDUS. Columbia Grapliophone com. Columbia Graphophone pfd. My *“Transter & Storags inotype. . 100 2% “171% 400 A 170 Big Ledge. Rutte Weste 3 Caluveras Copper... 30 Caunda Copper.. J.anston Becurity & Vashisigton L3 e ol am o