Evening Star Newspaper, March 26, 1923, Page 25

. Trading in Loca! Securities| N © Wash FINANCIAL, TAX ONLIBERTIES AFTER JULY 2, 123 1 Restricted—Prices Barely Steady. BY I. A. FLEMING. July 2 next there will be a change in liberty bond exemptions. Up to that time the exemptions are as fol- low: Five thousand dollars aggregate principal of certificates of indebted- ness, Treasury savings certificates (war). and 4 and 4% per cent bonds. A matter of $30,000 principal of first or second 4 and 4% per cent liberties and $125,000 aggregate principal of 4 and 4% per cent liberty bonds. Also any amount of 3%s and any amount issued prior to September 1, 1917, the latter including only the first 31gs From July 2 2 the exemptions will be as follows until July 1926: Five thousand dollars aggresate principal certificates of indebtedness, Treasury certific (war) hd 41 per cent bonds. A matter of $50,000 ag- gregate principal of 4 and 4% per cent liberties. The 3s are fr surtax until maturity After July 2. 1926, of certificates of indebtedness, Treasury savings certificates (war) and 4 and 4% per cent bonds According to present revenue law all interest is exempt from taxes on governments held by corporations Loeal Securities. rities were decidedly awaiting the action the Supreme Court with regard the Potomac impounded fund Tt is a matter of refusing jurisdic- tion, remanding to the lower court structions to make a new ap- nt or sctually hearing the n the latter e it will be a long time hefore the case is settled The Potomac Electric Company is compelied pound & per cent on this big fund, pending the settlement of the matter, the interest to go with the main case and investment to produce that interest is not readily available. Much of the large sum is held in iiberty honds and Treasury certificates Railway hid and 6. 73 bid Uon wa tes and s of normal and 000 aggregate slow. of to Local sec Traders are t to i common was quoted at 65 . asked. The preferred is d 733 asked. Capital Trac- back at par. Gas was soft at 49% American Security pany stock sold at 305 Norfolk and Washington boat, 214 Washington Gas 103 Investors Losing Cash. Ten thousand dollars a day interest ‘18 the loss to investors in_ victory notes called for red ion last De- cember, and still un med Tn making this ann ncement today the Treasu stated there still were about $50,000,000 of called notes out- standing. ' Holders of t ecurities were “urged to present them for ro- demption, without any further delay, to any federal reserve bank or branch. or to the Treasury Department. utiliz- ing so far as possible the services of their own banks and trust com- panie The Treasury is to 49% nd Trust Com- Steam- also ready to re- deem, it was announced, any uncalled victory notes maturing next May at par and accrued interest to the date of optional redemption. These notes are now outstanding in the amount of about $520.000,000 and bear the dis- tinguishing letters G. H, I, J, K and L, prefixed to the serial numbers. Debt Reduced $3.500,000,000. Since August 21, 1819, the public debt has been reduced $3,900,000,000 from the high point of $26,520,000,000 on the date named Miller Train Control. Word was received here today that the Chicago and Eastern Tllinois rail- road has notified the Miller Train Control Corporation to begin imme- diately the equipping of all of its locomotives with its train control de- vice. This is the first official an- nouncement of the railroad of its adoption of the device. Washington Stock Exchange SALES Norfolk and Washington Steamboat Co.—-10 at 214 AFTER CALL. American Security and 8 305 o Washing 7 203, $500 3. Capital Trac Washing Trust Company. . Tis—$500 at 103, £500 at Co.—2 at 100 Gus Light—10 at 407, G5—$1.000 at 100 10 at 393 10 at 9974 § at 997 loans. 5 and 6 per cent BONDS. Bid and Asked Prices. PUBLIO UTILITY Rid P11, 05 118 < 8 Capital Money- Asied. 06 ¢ 1161 901 i Amerlcan Tel. & Telga Am. Tel. & Tel. ctl. tr. Am. Tel & Tol conv. e Anacostia and Potomac nacostia and Potoma & P. Telephone 5s. & P. Telephone of Va Capital Traction R. R. 5% City and Suburban 3s.. Georgetown Gas 1st b Metr: Potom 4s.. . myiBeil Pow. g. m. & ref. Ts. Alex. & Mt. Vor. Ae. Alex] & Mt] Ver. ctfs.. Ralt Washington Washington Wash. R Wash. Rws Wash., Wash D. O. Paper Riggs Realts 3 Riggs Realty bs (short)...... £ec. Storage & Safe Dep. fis. Wash. Mk.t Cold Storage bs.. Wardman Park Hotel 6s.... STOCKS. PUBLIC UTILITY American Tel. & Telga Capital Traction..... Washington Gas... 5 Norfolk & Wash_ Steamboat. Wash. Rws com.. Wash fd Terminal td.. Terminal NATIONAL Rws. Taxi District Farmers & Tdncoln ... American Sec Continental T 1 Savings & Trust. afon Trust........ S Wash, Loan & Trust. z SAVINGS BANK. Commerce and Saving Fast . Washington. . Security Sav Neventh _Stre Thnited States Washington Mechanics American Corcoran Firemen ational Unfon...... TITLE INSURA Columbia_Title.. Real Estate Title..... .10 MISCELLANEC Columbia Graphophone con... Columbia Graphophone pfd.. . Merchants’ Transfer & Storag Mergenthaler Linotype..... Old Dutch Market e )i Duteh Murket pfd. anston Monotspe... . Security “Storage Washington Market. . Fellow Cah.... *kx-Qividend, - THE EVENING STAR, WASHINGTON, D. C, MONDAY, MARCH 26, 1923. NEW YORK CURB MARKET { Received by Private Wire Direct to The Star Office. BY WILLIAM F. HEFFERNAN. NEW YORK, March 26.—After a brief display of firmness, in which a £0od part of the list was Inclined to- ward higher levels, the curb market today turned decidedly weak. Public participation was on a smaller scale and the professional clement was cautious in renewing operations on the long side. Oil shares fell away sharply in the afternoon and what advances occurred in the early dealings were more than offset. Standard of Indiana held firm, While Jower prices were reached in Standard of Kentucky, Galena Signal and others. Magnolia Petroleum lost ground on publication of the balance sheets as of December 31 last, show- ing undivided profits of $12468.010, #Eainst $17,082.471 in 1921 Southern ‘States 0il, one of last Wweek's leaders, gained ground on the report that the company had brought in another well in the Smackover districts flowing 25,000 barrels of low grade ofl. Maracaibo went higher in the early dealings, but came off later when sales in the 7 per cent bonds were recorded 10 points under last week's closing quotation. The upward movement in coal stocks failed to get under way and several of this group lost a good part of last week's advances. Mining shares were generaily lower with activity less pronounced. Red Warrior was an exception, advanc- ing over ten points to a new high for the year in response to the report that “shipments had commenced and that further developments of the property as in progress. Hill Top Nevada held firm on reports that mifl | month of April the show substantial to operations for are expected profits. Motor shares fell away as the ses- sion progressed and lower levels were reached in Peerless, Durant and Stuts. Page Detroit, after making a new top, lost most of the gain. —_————— NEW YORK, March 26.—Following is an official list of bonds and stocks traded in on the New York Curb Market today: ales in thousands, 2 Allied Py 1 Alum 4 Alum 1 Am BONDS s new Cot 011 6s 4 Am Lt 6x w't war 2 Am Roll Mills 6s.. 10 Am T & T 68 '24 5 Am Chain s w 1 30 Anaconda 0n Anaconda Ts 17 Armour & Co Ta. 42 Ar & Co of Del i U3At G & WISK D 2428 R T T Heaverbo Heth Steel 33 Can_ Pac i 1 Charcoal Co Am R 8 City Service 7a D... 2 Con Gus Balt Siys B 8 Con Gas Halt 8s A.. 2 Cons Textlles 8 Deere & Co Tign.,. 18 Detroft City Gas fs.. 8 Detroit Edi 3 Dunlop T & A 5 Fisher Hody fs " Sig Ol Tu 26 Gulf Oil of Pa B 3 Hocking Val Hood Rubb 13 11 Cent Ref 5x...... 20 Kennecott Cop 7x.. 2 Libby MeN & L 78 A(Louisville G & E 58 2 Manitoba Power ... 1 Manitoba Power 7 Maracuibo OIl 7 Nat Acme Tigk.. NYL & W 4ne 17 Ohio Power 5u B.... 20 Phila Elec 6s...... 5 Php Pet Tiym wi win o Pub Ser of N Sears. Roch D1y 84 1085 1021 108 101 RT3 104 J 108y L1.1075, U108 D102 Do% 104 1081 107 o] 102 90 103% 1067 4 Routhwest Rell 5 Swift & Co 3x. 21 United Ol Prod &s 15 Vacuum Oil 7s .... 107 FOREIGN BONDS. 5 Argentina 3 ... 100, 4% King of Nether ‘8a 081, 8 Republic of Peru Sn Swiss Govt Blys. .. 1023, 30U S of Mexico 4x.. 39 Sales STANDARD OIL ISSUES. in_units, 300 Anglo Am_ Oil 00 Atlantic Lobos 70 Buckeye P I 100 Continent 0l 65 Crescent Fureka P L Gal Sig oil ) Hum Oil & Re new 38 235 Imp Oil_of 1800 Inter'l Pet Co Ltd 223, 200 Nat Transit a3y Ohio Oil new 7015 Prairie 0il & Gas 240 Prairie P L ..... 113% South Penn O 169 (39 50 1001, E 451 cnum Ol new .. 4% INDEPENDENT OIL STOCKS. hundreds 20 Ark Nat o 90 Big_Indian Ol Boston Wyo 0il ib Synd Citles Service Cit Serv B cfs Federal OIl ... tlltand O . Glen Rock 0f 2 Granada Oil Gulf Oil of Pa Harris Cons Pete Hudson Oif Humphrey 011 Indpt 0 & G...... Keystone Ranger. .. Kirby Pet ... Livingston Pet Lyons Pet . Mammoth 04l ... Marland Maracaibo 011 Mex 011 : Midwest 03l Midwest-Tex 01 Mount Prod . L Matual il vot cfs. ew Mex Land.. Noble 0l & Gas. Omar 0l & Gas. Penn Bearer Oil Pennok Ol.... Royal Can... ... alt Creek Cons.. . alt Creek new.. . Sapulpa Refining Seaboard Oil...... Santa Fe 0 R...0 Southern P & R.... Bouth States OIl.. Texon Ol & Land. Turman Oil........ Wilcox 01 & ¢ Y oil 1001 081 iy 1021 387 18% 5i K18 new 4 1615 5 811, 4 a5 % 14 5 186 18% 80 8% 13 1% a5ty waPE e SREEEE, £ INDUSTRIALS. Acme Coal Acme Pack Amal Leather Am Chain w i Am G & E new w i Am Dru 5 Am Hawaiian § 8§ Ar & Co of Del pfd Atlantic Fruit Borden & Co ... Brit-Am To Co Con Drit Inter'] Corp A B RT new w i.. B R T new ptd w i Buddy Buds 3 Bawiuda FEREES a Chi Steel W Colo Pow & Lt.. Col Carb Co vt cfs Cox Cash_Stores. . Coyamel_Fruit DL & W Coal Duilier C & Ri Durant Motor Gillette § R. Glen Alden C Goodyear Tire . Goodyear Tire ptd. Godchaux Sugar ... Hocking Val Prod. Hudson & Mann RR Hudson Co pfd..... Hydrox Corp . Imperial Tobaceo. Tmp Tob Can. Inter Contl Rubber. Lehigh Power sec. Libby McN & L new Lupton F M.... Mercer Mot Mesabi ron ...00010 Natl Dept Btor w i N Y Trust......... 844 Nat 8up 0o of Dei. 68 N Y Canners w 1.. 38% N Y Tele Co prd.. 108 North Amer P & P Onsx Hose . Paige Motor Penn O & C ... Teerless Motor Prima Radio Co.. . 9 IS NJ pfd new w i 80 Radio Corp . 9 Radio Corp pfd. 22 Keo Motor 14 o 46 Schulte Stores 408 C &1 ...... Springfleld Body Standard Motor . Stutz Motor ... Technical Prod Timken Axle .. Tob Prod Exports. Todd Ship ...... Trinagle £ilm Tnion Carbide " 22 Un Retall Candy.. 2 Un 8hoe Mach Corp 19 U S Lt & Heat.... 8 LU S Lt & Heat pt . 21y 10 Yel Taxi Corp N Y 140 MINING. 20 Alas _Brit-Colo 2 30 Am Command Min 2 Am_Exploration.. 204 Arizona_Globe Cop. 320 Toston Mont Corp.. 80 Butte Western. 80 Caledonia M 10 Calumet & Jerome. 2 Canario Copper 270 Candelaria Min .. 8 Climo 28 € C Mines temp o 106 Cortex BilVer seseee Sax 2 orb b e it S il sowrne3E ozt 2, B 2| 5 i 7 ) Cresson_Gold Crown Reserre Davis Daly Dryden Gold X 1 Salvador .00 120 Eureka Croesus 880 Fortuna _Mines . 190 Forty Nine Mines. 5 Gaduden Copper 50 Goldfield Conx 30 Goldfield Develop. . 260 Goldfield Deep Min . 20 Goldfield Florence . 20 doldfield Jackpot. . 17 Gold Coln Mining. Gold State Guan Con Htard; Harmill 1 Top Hollinger 30 Homestake 37 THowe Sound 40 Independence Lead. 20 Iron Blossom 3 Jerome Devel Kerr Lake Minew. . a0 26 Mason Vall 30 Marsh Mines 70 Mohican Copper. 13 Tin.. Copper. a1 5 53 82 10 203 0 10 50 50 10 5 20 1 50 b 30 8t Authony. 8 Success Min Teck Hughes #3 Tonopah Div! Tonopah Bxt Tonopah Min . Tonopah United United Unity Gold . Volcuno Min: t End Consol Nipissing Ohio_Conper... . Ray Hercules Tnc... Red Hill Flore Red W 5 Richmond_ Copper Silv Mines of Am. sils King Div Silv King of Silver Pick. Silver Smith ) Sfmon ~ Silver.. 03 38 197 9% 0% 3 Yukon Gold ....... 94 TODAYS COTTON PRI ACAIN HOW WEARNESS Further Liquidation at Opening of Market, But Better Tone in Later Trading. By the Astoclated Press. NEW YORK, March 26.—The cotton market showed continued weakness to- day under further liquidation or a con- tinuation of the selling movement which developed toward the end of last week. Relatively weak cables probably stimu- lated the early offering, and after open- ing easy at a decline of 3 to 21 points, active months soon showed net losses of 28 to 50 points, with May declining to 29.02, July 24.70. There was a very active demand at these figures, which seemed to include trade buylng as well as covering of shorts, and old crop months rallied 10 or_12 points from the lowest Futures opened easy: May. 29.25; July, 28.45; October, 24.85; December, 24.20; January, 23.90. NEW ORLEANS, March —The opening in cotton today was affected by a great accumulation over Sunday of selling orders, the filling of which broke values to the extent of 13 to 45 points, "May dropping to 27.85 and October to 24.17. Recent sellers took profits on a large scale at the decline. checked it and caused a swift rally to levels 10 to 16 points higher than the close of last week, May rising to 2! and October to 24.50. Futures opened irregular; May, 27.86; July, 27.87; October, 24.33; Decembe January, 23.79 NEW YORK, March forty-five a.m. bid: 28.35: October, 24.34; stead NEW ORLEANS, March 26.—Noon bids: Steady; May, 28.45: July, 28.15; October, 2444; December, ' 24.00. January, 23.74 WALL STREET NOTES. Eleven 29.27; Jul Erie Having 2,500 Cars Rebuilt. | ‘Wire Nails Advanced. Special Dispatch to The Star. NEW YORK. March 26.—The Bur- lington Mills today announced wage increases averaging 124 per cent, effective April 30. Wickwire Spencer Steel's net profits for February totaled $147,145, bafore bond interest and depreciation, as compared with $173.456 in January, ‘The Erie railroa is having 2,500 freight cars rebuilt at outside shops in addition for 4,000 new freight cars 800n to be ordered. Five hundred cars are to be added to Erie equipment in the next four months. The American Steel and Wire Cor- poration has advanced wire nalls $2 & ton to $2.80 a hundred pounds, the Qquotations applying only to jobbers. The Schulte Retail Stores and sub- sldlaries showed a net income for 1922 of $2,564,096. after federal taxes, this being equal to $8 a share on 300,000 shares of no par value com- mon. Ex-dividends today: American La France preferred; Island Creek com- mon and preferred; Jones Brothers Tea preferre Reading Company 2nd preferred; Sloss Shefeld preferred. New York bank clearings $404,000,- 000. New York bank balances $69.- 000,000. New York Federal Reserve Bank credits $68,000,000. Boston bank clearings $47.000,000, —_— FOREIGN EXCHAN March 26, 1923—1 p.m. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. today. 4.8 4094 98 L0857 05684 2000048 0403 1848 0112 15368 000014 ‘000214 lo97 “000026 ‘1920 1810 ‘2060 TOWN HAS NEW MAYOR. Bpecial Dispatch to The Star. MOOREFIELD, W. Va., March 26.— At the town election here, J. D. Chip- ley won for mayor over G. G. Me- Cauley, the vote being 107 to 105, while R. A. Wilson received twenty- five. W. H. Shearer was elected re- corder and C. C. Wise, Herman Sions, E. Woy, W. L. Wilson, and T. K. Slever, councilmen. E. Brussels, frane... Berlin, mark... Rome." 1 Prague, Warnaw, Copenhagen, Christiania to 28.00 and October to! . 23.96; | approximately | SAUNDERS DECIDES 10 AGCEPT STOCK Gives “Shorts” Caught in Piggly Wiggly Corner An- other Chance to Settle. By the Assoclated Press. MEMPHIS, Tenn., March 26.—Clar- ence Saunders, president of the Piggly Wiggly Stos Inc., today Will accept delivery from “shorts” caught in last week's jam which re- sulted in the suspension of trading in Class A Piggly Wiggly stock from the “big board,” any number of shares they may have to cover thelr tracts, but his acceptance is to be made with certain reservatio: The anndfincement was made by Mr. Saunders last nlght after he had Withdrawn his telegram of Saturday In which he said that Piggly Wiggly Stock purchased from him and in “over the counter” trading since the Stock was ruled off the exchange list would not be accepted in delivery. His contention that trading in the stock after its suspension was against the constitution of the New York Steck Exchange. Mr. Saunders stated that he would accept delivery today on the assump- tion that the stock had been properly purchased and within the proper time limit set for the delivery of stock due on my contract, as may be deter- mined later by court decision.” SHORTS MUST SETTLE. con- New York Stock Exchange An- swers Saunders’ Charges. By the Associated Press NEW YORK, March 26. York Stock Exchange Statement today, replying to ¢ made against it by Clarence, ers, president of P, v v 21y Stores. Tnc., said no member. wouliss befmitted {p diavow contracts made efore toadin isEty Wit Lofore trading in Piggly Wiggly was Under the forth, deliv Tuesday m, today. The stock plained, had settling contracts by lowing the cxecution of orders, in order to give investors and traders at distant points an opportunity to mail their securities to New York. and not, as Mr. Saunders had expressed it to give local traders an opportunity to buy up the shares they were short Replying to Mr. Saunders' allega- tions that members had violated the constitution of the exchange in eal- Ing in Piggly Wiggly after it had been stricken from the list, the state- ment read: “There is no rule of the exchange affecting the right of Its members to deal in stoeks not listed or quoted on the exchange. “‘Section 4 of article xx of the con- lllllon reads as follows, Dealing upon any other exchange In the city of New York or publicly {outside of the exchange, either direct- ily or indirectly, in securities listed or {auoted on the exchange is forbidden: any violation of this rule shall be ¢deemed to be an act detrimental to the interest or welfare of the ex- change." ™ The stock exchange contends that the status of Piggly WIgglY stock after the suspension was the same as that of any other unlisted security and that members were perfectly free to trade in it “over the counter” or through other exchanges if they so | desirea. —The New in a4 formal rules, the statement set ery of stock traded in last ust be made by 2:15 p.m. exchange, set aside officials ex- its rules for 5 the day fol- st COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY CARTHAGE, Mo, March 26.—Re- {homa today indicate that demand for these metals never has been so urgent. The American Metals Company has bought 10,000 tons of zinc from the {Commerce Mining and Realty Com- pany for $485,000, which is believed to be the largest single purchase on record. PHILADELPHIA, March 26 —The response to the announcement that Stetson hats would not be increased in price for fall has been heavy, ac- cording to salesmen who are now visiting the trade with this line DETROIT, March | Durant and Star cars now is three times the output of the company's plants, according to officials of the | Durant Motors Company taday, The { program for April contemplated pro- { duction of over 20.000 Star cars. ST. LOUIS, March 26.—Iron and steel plants in this terrtory have ca- pacity orders on their books today which will keep them busy at top speed for over four months. Struc- tural steel is in excellent demand. PITTSBURGH. March 26.—There are delivery premiums of $2 to $7 a ton on plates, shapes and bars today. These products are generally quotable on a 2.25 cent basis. JOHNSTOWN, Pa., March 26.—The car situation, which has been annoy- ing coal operators in this district, has improved slightly. For the past ten {days the car supply has been better. HUNTINGTON, W. Va., March 26.— Coal Joadings, checked for a time by cold weather, are picking up today, but local railroad men predict the car supply will not be normal until warm weather. PITTSBURGH, Pa., March 26.—The Koppers Company has recelved an order for nineteen small gas ovens from the Consumers’ Power Company of Jackson, Mich. - WILL STUDY SHIP PLAN. | North Carolina Considering Ship- ping Corporation. RALEIGH, N. C., March 26—Inves- tigation of Gov. Cameron Morrison's proposal for a state-owned shipping corporation, to purchase and operate boats from North Carolina ports, will be begun by the special commission created by the 1923 general assembly at a meeting with the chief executive tomorrow. The commission is to re- port to the next sesslon of the as- Sembly, whether convened through a | special order of the governer or at the regular time in 1925. A ‘meeting of the fisheries commis- jon also is scheduled tomorrow to :]i'::ouss the expenditure of $500,000 appropriated for improvement of state fisheries. SUGAR BUYERS WARNED. PITTSBURGH, March 26. (Special). —Sugar prices have been jumping but consumers show little “inclina- tion today to purchase in excess of fmmediate demands. Through the newspapers, consumers are being urged to purchase only usual amounts, L0SS TURNED TO GAIN. NEW YORK, March 26.—Consoli- dated net income of the American Ship and Commerce Corporation for the year totaled $1.797,610. as com- ared with a loss of $1,045,084 in 1921, t was disclosed in the company’'s an- nual report. Aggregate net income of the corporation and its subsidiaries howed a profit of $2,545,770 in 192 against & loss of $711,445 the year before, y’ 26.—Demand for i i FINANCIAL. WINTER WHEAT ACREAGE | GAINS BY 1 PER GENT Agriculture Department Reports Figures for 15 Countries. Crop Conditions Good. An increase of 1 per cent in the winter wheat acreage this year re- ported to date for fifteen countries, which last year had 60 per cent of the total world’s wheat area. both | winter and spring. is announced by the Department of Agriculture. Th total area is reported as 128055000 acres, compared with 126,712,000 acres last year. Reports for Germany, Aus- | trin. “Hungary and Jugosiavia are not | included, but decreases in th countries are indicated ' Condition of winter grains in Eu- | rope and North Africa are reported ! generally satisfactory. In | jerop is being harvested and the out- [look i faverable. While duction | there has not been officially estimat- ed. commerclal forecasts indicate production will he at least equal last vear, which was 366,000,000 hushels. Exports from this yeur's Indian crop probably will be larger than last year's, as India now has on hand her usual reserves, whercas at the beginning of last vear the re- serves were much depleted | Argentin; exy table surplus of wheat this year is placed at 127 320,000 bhushels by the latest estimates a her crop at 194,078,000 hushels The exportable surpius_is 12 per cent e than last year's. New Zealand's pre- HUminary official estimate of wheat production is announced as $500,000 bushels, which is 2,100,000 bhushels less than last vear. MILLS RAISE WAGES. Carolina “Adjustments” About 10 Per Cent. N. C.. March in a number of this country nounced today by the mar of the mills” The new wa came effective today The rate of increase was not mide public in the announcement. the Leads of the companies character- | {zing the increase as “adjustments It {s understood. however, that increases amount to about 10 cent The Cannon Mills in Kannapolls are affected Justments.” The mill represent a majority in the county. QUIT BRITAIN FOR CANADA. February Immigration 51 Per Cent | to North CONCORD, adjustments tile plants t were gemer es be- i of the spindles Greater Than eYar Ago. OTTAWA, March 26—Im to Canada from Great |creased 51 per cent in February com pared with the same month {while settlers from the United - "'ll‘l"\l“‘ about 30 per cent eleven months ended with the total immigrants dr 66.139 against 84.451 for the pre { corresponding period LIVERPOOL COTTON. LIVERPOOL. March < spot. limited demand: prices Good middling, 15.58; fully 15.43; middling. 15.33; low i good ordinary Britain i weak 2,500 American. Re including 300 American iclosed easy. March. 14.51 {July, 14.44; October. 13 12.96 $25.009 | LIFE INSURANCE $26 a Month. Age Easy Monthly Parments Security, $250,000,000 M. LEROY GOFF Insurance—All Branches 610 Woodward Building STATEM OF THE CONDITION GENERAL CASUALTY AND SURETY INSURANCE COMPANY OF DETROIT, MICH i On the 31at day of Doceinbe under the District of Columbia ( June 30, 1602, and August 1% Capital stock s ; paid wp in cash ASSETS me uncollected and in b gents. : 10 Interest due and accried Al other assets Due for salvage European Gencral Reinsurance Co Advanced un contracts Total assets LIABILITIES Net unpaid claims. Reserve as required by Taw. Relnsurance premiums. Salarles. rents, expenses, et Commissions. Capital stock.... “Ri oener Tiabities Reserve for taxes. Tor taxes) ete 54, broicra i 9.500.00 ‘otal llabilities s Year 1922: Underwriting insurance. Losses sustained during the the year 1022.. s Manes receive 1022, Expend 3. FRA' Submcribed and sworn th of March, 1923, Seal.) MARIE LEC i 22..0 107, eLMER RTH. Presider K BUSHMAY. Secretary before me this 2ist UFLAND. Notars Publ (My commission expires December 5. 1 INSURANCE AGENCY, INC. 1301 H St. N.W. STATEMENT OF THE CONDITION of the National Liberty Insurance Co of New York ot day of December, 1022 as re. 0n ihe S1et GhT Diatrier of Colmbia Code. T eed June 30, 1902, and August 15, 1911 Capital stoek.......... Capital stock, paid up. in c ASSETS. Gaibiniomee e Qe ntate morigages’ e ana bonds (market value) Premiums uncollected and in hands of agents Tnterest due and A1t other asset 500,00 | 864.50 | g.07 | 101 Total assets LIABILITIES Net unpald elaims........ Heserman reduired byt Salaries, rents, exy 2 SR 2500000 500,000.00 00000 | hrokerage, ete... Capita . AlL ot iabilities. . . $0,123,087.63 | O e crs " irinaacica’ Goriag e ar ozt Fire. Tornado, Auto etk mssumed dur- Mg the ear 10721 S1L101,080,107.00 o Peuatained during ihe Loses suatain i year 1022... ey recetved durl Money _rece . 6,281,380.40 6.962.787.81 | year 1022.. Espended during 1922 oGS R COATES, President. LOUTS PFINGSTAS Secretary. Subscribed and sworn to before me this 2nd of March, 1 H LA LUCY A. BARR, | Y\ Ql!‘:bn'nm(‘m'xn(iv‘i "i Co,_Ciek's’ No. 2317, Certificate Rie . ork Connty. ~Clerk's N Reg | iater's No. 5142, Term expires March, 30, 1025, J. LEO KOLB AGENT 923 N. Y. Ave. N.W, stock . her labilities the " “vear Notary Pub) 1 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. Money to Loan Josi ‘T | ' 50 Wash: T & Tens eph I Weller i, Wagh i & T Baaaanananasl LOAN From $100 to $¢00 on D. 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You will find First Mortgage Notes always foremost in recommended safety. for full information concerning our 1% First Mortgage Investments in Amounts of $250 Up to $5,000 1teed Title furnished to all tors, with collection remitted the day due. Chas. D. Sager 924 14th Loan Dept. M. 36. Second. Send Guar: inves T THE REAL ESTAT! And THE First Mortgage Loans ot U Lowest Hates of Interest aod Commisslon | . o =00 50 6o Prompt Action | g i denths of Grorge ( [ secretars and treasurer of e The J. Fisher & Company, Inic, | % this uffice will he closed at 738 15th Street. INS. €O INS. (0. Tuesdiy, Mareh 2. 15 JAMES J. BECK President Washington's Oldest National Bank Where You Come In Standing at such an institution as this carries its own prestige with it —reacts in your favor in all your transactions—business and personal. ‘Become a client of Washington’s OLDEST National Bank and reap the advantages of our efficient serv- ice, and counsel when desired. Organized in 1814 Our Savings Dept. Pays 3% Compound Interest National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,700,000 15th St.,«Opposite U. S. Treasury—109 Years Old Upon Whom Can You Depend? NE of the chief reasons why First Mortgages are a popular form of in- vestment is because they are secured by property which the investor can actually see. But are you expertly competent to determine the value of property by just seeing i¥? Would you trust your judg- ment in values alone? The salient cause of our record of fifty-three years without loss to an in- vestor is the fact that our judgment of property values has proven sound. Our constant familiarity with real estate transactions puts us in a position to know. of this behind the benefit the value You can receiv help in determining your investment. 53 Years Without Loss to an Investor Swartzell, Rheem & Hensey 727 15th Street Northwest District Agency Co. Agents 710 l4t]fi Stt. N.W. s ATEMENT MEMBERS WASHINGTON rIE oF THE OF THE S. BRANCH, THE PALATINE INSURANCE COMPANY OF LONDON, ENGLAND, day Diecember. 0, 1902 INSURANCE « STATEMENT CONDITION 1 oF CALEDO&'IANAMER!C‘AN © RANCE MPANY OF NEW YORK . require ASSETS Stacks and recely and LIABILITIES red T Tad alaries taxes Surplus rents ete 110,043 00 174971688 312801 bilities 1022 ¥ nland na tation. fornado, windst sprinkler leakige und_explosion, eart Sustained cisii com make. flood during tie 2188 the. % 3.400,750 Expended during ihe vear 1 101303 00 F. W. KOECKERT. Ass’t U. 8. Mg, bed and sworn o hefore v of March. 1923 T Money received vear 1 recoived during Auring 1S 1 ISTOPHE (Seal ) Queens_ Connty. No. N. Y. Co. No. 740 Commission expires Ma McElwe CuRRENT OFrRRINGS P X F S Coney “BeforeYon Invest. INVESTIGATE" You can start an invest- ment account in the DISTRICT GUARANTY CORPORATIO with only ten dollars, and vou will be just as welcome as if it were a thousand. This company is interest- ed in its members, not only for the money they invest today, but for their perma- nent investment welfare. The price of units , this week only is $250. Make your reservation promptly. WilliamBWestlake Wa Flet‘l. AGENT ---D.C. 728~152St.nw. Tel.Main 6718 Unsurpassed for Safety Before you invest read our new booklet describing current offerings of Safeguarded First Mortgages which are unsurpassed for Safety. The booklet will be mailed free upon request. We ask your consideration of our investments on their record of no loss to any investor in 50 years. They bear 6Y2% interest and relieve the investor of the D. C. intangible tax and 26} Federal Income Tax. Call, write or telephone Main 6464 today for your copy of this new booklet ke F.H.SMITH CO. Dounded 1873 FIRST MORTGAGE INVESTMENTS 1414-1416 EYE STREET, N. W.