Evening Star Newspaper, April 1, 1923, Page 26

28 Book Values of All Local Banks FINANCIAL.- Show Prosperous Condition| March Clearings Show a Good Increase Over February’s Showing—Rolfe E. Bolling Returns to Washington. AL FLEMING 5 A There are the local lis the divide ng Dbetter th three take in the institution= of which they many the suvi under Ly When Congr Then, a » (e generai b uble w th ma THE SUNDAY- STAR, WASHINGTON | RANGE OF MARKET AVERAGES l | The foll sentative stocks ? i s the paxt mw day. Marcl | activity of the market. chart n on the nth, up to M 1235678910118 14 siiows graph 1y York Stock Exchange. including the close the action of forty repre- The period of the market nd The lower section of tHe crart Indicates the relative ARCH 1516 17 19 20 21 22 23 24 26 27 28 N i 8 3 SCALE FOR INDUSTRIALS —— e e e §TIVYH H0J JIVIS —r’ 3 Twenty Wailroad © M & St Pant Tl & Huds, senutors | to cut e utilities s Trust Companies. n Security and Trus Trust T4 BOND Liberty 1 Liberty “ | Liberty pzram ( rum com entert Tolfe L. Bolling Returns. <n room traders tha sts, pocls und combin rot distributed their hol ¥ 13t the o alation is going on i e e e e ROADS PLACE LARGE | EQUIPMENT ORDERS noliduy trade daily offer and the | up, Lit | to firn ing t stric first Week's Total for .Locomotives and New Cars Involves $17.- 880.000 Outlay. YORK, March 31.—Orders|; pla by rallroads within c for forty o es | u an estimated value of $3,150,000; 161 | nger cars, estimated value, and 5,100 freigii 0,000, on_of hens, rule zairl twen- | chofce senger | it . a ars, accordlig | for the 8 for the od Review. | rook- Company | ample ¢ v the Large. in good ¢ sale at and a lling at 40 Leghorns will not bring over ile rough, poor and thiu stags are slow sale at Market for old e ues ruling lower under u liberal re- : slow demand, at 25 for e to medium and 24 for small and leghorns. With the exception of cipon ch ure in light supply and ! good 1 son for dressed poultry is p the few stray shi elow to attract a and will short Line Railroad |not bring anything over live quota- nsolidated | tlons. Large capong, seven pounds 43 and 43; medium, 38 11 slips, 33 to 25 market for while potatoes rules and_shows little change from last the R: o Philadelphia hased one locomott A son Company, one; vkron and Youngstos «chused three of the co om the Baldwin Locomotive | 85, with you E The following sules are re-|half pounds u norted by the American Locomotive 45 Company. Twenty-two mikado type v r Seaboard Afir Line, ten mountain e and five switching locomotives, w York, New Haven and Hartford, nd two mikado type by the Missi #ipp! Central rallroad. The companies supplying the pas ger and fre ars are the Stan Steel Cor ypany, Americ _Foun ng g and Pressed Steel Car Com- weak and val- The American Assoclatio surchasing age {3'\3!’1‘ for twenty-two used locomotiv of varlous types, ten used passengar cars and 1,088 used freight cars, The | ea: 1 ‘mbria ana Tndiana reflroad is satd | week. The receipts and suppliles being 5 have purchased 1,000 coal cars from |umple, Wwith the demand fairly good, the Cambria Steel ('Dlimpanyh The I/!uY fl:l";rl“‘s ‘1’1“ s >4 a ke and Ohio rallr, 1 has or- | stocl hich sells h P00 “hopper cars from the | dred pounds, and 75 o $1.00 for No. 2 Tndard Steel (Car Company and |Bastern Shore. Marsland and Virginia 000 from the American 1d Teds, howevel 3 oundry Compan: nd slow sale at $1.15 to nd vams are running FOREIGN EXCHANGE. ample, et rules shade better, with demand fair for good stock at §: NEW YORK, March 31.—The for- eign exchange market was unusually to $2.00 per barrel for the former $1.25 to $1.60 for the I today because most of the for- cial markets are closed for el both sweets and selling mostly to h ative and nearby garden truck con- tinues in ample receipt und prices most- Iy in buyers' favor ut the following quo- tation; 60 to 64 per 4-8 basket; horseradish, $2.50 to $£3 a bushe nips, $1.50 @ bushel and turnips 6 to 70 per 4-8 basket. Norfolk Kale and rom recent heaviness. brocoli in fuirly good demand. 32.00 to 230 2 barrel, while epinach is ot so active at 00 to $1.50 per barrel. Onions STORES HAVE FINE YEAR. |continue firm and in good demand at SAVANNAIL Ga, March 3i—Tne |3 o 84 por hundred pommas amd $1.30 naval ‘stores year ‘of 1832-23, which |0 FE00 FO8 RO H e v demand gams o an ena tadky, founl the soey lana movement good, and’ market rules than for several seasons past. The re- :;"L:}" el o l‘»"(’u!-{:\;“ds(dot:k“a;o 5 celpts have been good, the shipments | (¢ varietion’ Bushol g ellin velp od the fhipments | standard varieties, bushel stock selling largo and the prices obtalied during the | 41 1o $1.75 per basket, sccording (o qua ended with epirits quoted at $151 a [IV andcopditon. .~ allon, u very high price. The rosin arket is much stronger than @ year [ For more than 100 years *, With prices correspondingly higher. [ firm in London has bee Vear ago, spirits were quoted dull, at | and manufacturing locks cente. with no sales. to bafMe burglar ha Easter holldays. Pric rragular, with demand sterlin, ing below $4.68 for the first time in eral weeks and French francs ad- 2 points to 0865c. German also made partial recovery famous venting and safes pound | L 101. 100 1K), wre STHVYHS KOIMIN Tudustria & January 16 Ralla, 1923 . 90.63, March 3 34.563, January 17 ocks Used Are: & Steel cer Steel s Ttuh Co Maria Marin Mare y .. Haturday Mouduy Tuesduy A Wednesday Thursday AT A GLAN thirty-seconds. s, 1 itien 10190 1 9890 <8.70 99,20 w10 0018 .20 100.32 1 100.06 Tow G4.84 $6.00 95.60 96.00 95.74 0674 95.86 100.02 98.90 00 36 98 16 447 425 Stoclc Exchange. nd including Sa by W. B. b ~Liberty Nat reiul ‘Ba surance 10ty pe rduy, March & Co.. Hibbw 1923, wilding. High. n Fow ni | SCHULTE STORES JUMPS 14 POINTS iRapid Transit Also Feature of i Week on Curb—Motor Stocks Strong. | By | : Ansaciated Pro NEW YORK. M ch 31 constant va between | weakness in many groups of g the past week. {tached to several added to truding. Spect show apld Transit s e dealt in during the first three days, he common stock to be issued under the Brooklyn Rapld Transit reorganizati plan ranging from 188 to 17 nd the preferred selling at 471 to 4 The widest niovement was in which rose from 771 to 9114, h record, Thursday attention was attracted to the trading in Armour |& Co. preferred because of . decline from 99 to 941, and the bonds at the same time dropped from 85 to 93. The preferred stock vielded w further 3 ent was gen- to a with- jol rength and stocks dur- = at- drawal of syndicate bids. Some of the motor stocks were strong, Peerless Motor ranging from 58 to 62%., and Yellow Taxi of New York rose fron] 137 to 150. Springfield Body was strong all through the week, Tanging from 49 % to 5015, Coal stocks were strong early in the week, but sold off when other security markets became heavy e CONSULAR TEST IN JUNE. ! Written, Oral and Physical Exam- ination to Be Held. An examination to obtain eligibles for appointment us officers for career in the consular service is scheduled to be held in_this city in the week of June 25. The examination will be written, oral and physical. Eight subjects are in- cluded in the written test: International, maritime and commercial law, political and commercial geography, arithmetie, French, German or Spanish; natural, in< dustrial and commercial resources and commerce of the United States; political economy, American history, government and institutions, modern history (since 1850) of Europe, South America und the fur east. The oral examination is for the purpose of determining to what ex- tent candidates possess the pecullar qualifications which are essential for success in the foreign service of the government. The physical examination is to determine that candidates are physically fit to live ir any climate. ey A smoking-room planned on the lines of a comfortable old English tnn, with open fireplace and an oak inglenook, Is a novel feature of one of the new transatlantic liners. STOCK MARKET FIRM. Buying Spurt Develops in Final Saturday Trading. MEW YORK, March 31 Spurt of buying in the after un ear imparted a firm tone to el In today's stock market. ence of min —A sudd st half ho lostng pri Owing tpaders from the of the Easter holidays, €5 were relatively small. buying of Marland Of1 illips Petroleum, each of which e tablisied new high records for the year, were the features. Marl. pushed up 33 polnts to g Phillips cised 1% pointy higher at 89 The run-up of Mariand was ass sociated with reports of its possible merger with the Cosden Ol Company, . The usual leaders, such as United States Steel common, Republic Steel, Baldwin, American TLocomotive, the Pan-American issues. American | Woolen, American Can, United Retafl Stoges and Kelly Springiield, all closed slightly higher than Thursday's final quotations. total Heavy DRY GOODS MARKET. NEW YORK, March 31.—Cotton goods were quiet today, with some =asing reported on print cloths, where small second sales were made. were quiet. Burlaps were dull, ow Ing to the closing of foreign mar- kets for the holidays. Wool goods were firm. Silks continued steady, with raw sillc easler. WEEK END BOND PRICES. Bond prices moved without definite trend in today's short session. On the whole, railroad mortgages showed silghtly better demand, while the in- dustrial issnes sold off. United States government bonds were firm, most of the active issues advancing fraction- ally. Foreign bonds were depressed, but losses were limited to fractions. COPPER AT 17 3-8 CENTS. NEW YORK, March 31.—No active demand has been reported in the market for copper during the past week, but small offerings at conces- slons’ were either absorbed or with- drawn, and the market was steady at the end of the week, with electrolytic quoted at 173% delivered. Iron firm. COTTONSEED OIL DROPS. NEW YORK, March 31.—Cotton- seed oll was weaker in response to easler crude prices and scattersd liquidation, which ran into stop-loss orders. The weakness of lard was also_a factor. Closing blds were 14 to 17 points net lower. Sales, 10.400 barrels. Prime crude, 1 asked: prime summer yellow, spot, 11.00 bia: May, 11.38; July, 11.45; September, 11.49. all bid perfod of irregularity to | Yarns | D. G APRIL, 1, . ¥ 925—PART 1. FINANCIAL. IFEDERAL-AMERICAN Ornate Structure, With Shopsi on Main Floor, Favored. | Decision Near. At the last directors of the Feder tional Bank the made an exhaustive report reg the proposed new bui tre 1t was voted tl mittee continue its study of p office building cupy all tin property owned by the Federal-Amer lcan, Laving a frontage of seven feet on 14th street by of eighty et on G ostreet, and contaluing n square feet | It has been d. t no additional cting of the 1-American N bullding committes bourd ding | 14th an the G - | ns for | elgl depth ing Favored. that the inge irdro: favor | e ed to] an the un liave whie ment 1 buii b busis otier provided of build consideration, one with room on the ground floo with stores on the ground floor, banking room above, and office above that Stores on the ground floor will not only provide a very large source of revenne, but, with | smart, colorful shops. will add 1} 1o the business life of the corn ind draw thousands of shoppe | the bank doors who rwise be forced to go elsewhere Furthermore er room offers i jover the oid mai vides property at 13 which is also owned b American, will prohably be p the market before long. Many Inquirles have been rece for this property for store purpc and the indication that out town interests will use this oppor- tunity to give to Washington a new store’ of general attractiver HESTATION SEEN INSTEEL RDERS ced on *IProducers Avoid Booking ' The Year 1923 to Date on the Washington | Very Far Ahead—Status of Other Metals. | | | B3 the Amsociatend Prose NEW YORK, March quiren 80od demand ar some pric. cleuned up o of the week thelr oy onthe i | Straits during 3.480 tons, « destined for the Lead spot. due tinued die sumptive chunr Zinc is steady from consume: United Sgates 3 tons, corf msumnt three mouths of durir ared with n during the 23 bas beer 600 11 i first | poace-time { the natlor Antimony quist an {FEAR HIGH PRICES WILL CUT DEMAND Investors Also Think Time Money | Is Now Definitely on 5 1-2 i Per Cent Basis. By the Assicisted Pre NEW YORK, Mar exceptions, prices the principal financial and organized commodity ' markets displayed a reactionary trend | durlng the week. The upward trend of money rates and the fear that! higher prices of certain commodities | will result in a marked curtailmen of demand induced a spirit of cau- tion which accounted for the hesi- tant attitude of investment and spe ulative interest Month end and quarterly settle- ments this week, comhined with the normal increas 1 the commercial idemand, accounted for the stiff of money rates. Call loans on the New York Stock Exchange rencwed at 5 per cent for the first time thi Time money appears to have definite! established on a 513 cent bas Wide fluctuations of French francs which closed the week neurl it points higher at 665 ¢ " porary break in Inarks below the “pegged” rate of .0045 cents ful lowing reports of the alleged fallure of the German $30,000,000 Internal loan, were the features of the irreg- ular foreign exchange market, Demand sterling foll below $4.48 tor the first time in nearly six months —_— Dr. M. J. Boge-Shattuck, gxami physician at New Hampshire Stat College, clalms that 30 per cent of the | women attending that college have | fiat_feet. Money to Loan Becured by first deed of trust on real estate Preval taterest and commission. | 420 Wask. L. Trust Joseph elier & WOk L & veost | LOANSS 00 on D. C. real sstate and tols, —Wit) per i | ld goods chat- . 7"per cunt l:e’ru:;d .¥n:’ broker. o o meticd” of ‘matleg “saeii of N Oommercial Loan & Fina Room 3211, 921 15th . System Oopyrighted & Patent Pesding. t ‘Mnmuumunummmnunmunnnmnnnmnmuum_mwnmnnmnnumnnmmmum||mmmmmmummumlwflwmnuumummmmmumnnmmnmnm\é = = = 2 $105,000 Available to Buy Good 2d Trusts of 1,2 & 3 year maturity; monthly or annual pa Private funds. Herman Schmidt 729 15th Street 2611 ments, Main LOANS If you have money to - invest, we can safely place it on gilt-edge first D. C. Mortgages. record of 30 years insures your protection. Courte- ous treztment. Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. “BeforeYon Invest. INVFSTIRATE" Dividend Notice Checks You Will Have $8,304.79 ke F.H.SMITH.CO. NO LOSS TO ANY I O LOSS TO ANY INVESTOR IN 50 YEARS How Much Will You Have 10 Years from Now? TE Years from now—in March, 1933 —how much money will you have accumulated through saving and investing? Ifyou use our Investment Savings Plan for buying First Mortgage Bonds, and invest $50 each month— 10 Years from Now. Call, phone Main 6464 or write for our new booklet, “How to Build an Independent Income,” showing how much you will accumulate by putting aside $10 or more each month under our Investment Savings Plan. \Founded 1873 FIRST MORTGAGE INVESTMENTS 1414-1416 EYE STREET, N. W, NVESTO R IN 50 YEARS today, cu holder of DISTRICT GUARANTY CORPORATION the regular quarterly dividend of $2 per share upon preferred and per share upon commo Fhe last quarter Deen the tul in the has n WilliamB.Westlake Washington - -- D.C. €23~15"2St.nw. Tel.Main 6719 “When Investing” " r Fir First Mortgage Investments in Amounts ! of $250 Up to $5,000 furnizhed to all ection remitted Sager M. S€ 141 Loan Dept If Yuit Be You Briwt Washing We Recommend (% First Mortgage Real Estate Notes Best Security Attractive Interest an 2100 %" R oneytoloan @ Second | | ns’:sq--u-stnwkflg MAKE THRIFT PAY INCOME WISE INVESTOR rst Mortgages the Ideal I ton propert cafety, B. F. SAUL CO. 1412 Eye st N.W Open Until 5:30 P.M. Tomorrow The Motive Power That Brings Success Orgauized in A%la, OFFICERS: GEORGE W. WHITE. 0. H. P. JOHNSON ... President ice President Trost Officer Cashinr Cashier Asst. Cashier _-Asst, Cashier - . Auditor CHAS. E. T ALBERT H, BEDF ©. LOVIS ECKLOYF... J. GALES MOORE. DIRECTORS: ARTHUR T. BRICE . H. RALSTON WALTER BROWNLEY FRANK P. REESIDE FREDERICK DeC. FAUST HUGH REILLY. WM. F. GUDE E. FRANCIS BIGGS CHARLES JACOBSEN M. H. SAUNDERS 0. H. P. JOHNSON BERT T. BHANNON RUDOLPH KAUFFMANN H. C. SHERIDAN Dr. J. THOS. KELLEY, Jr. CHAS. G. SMITH. Ir. A LISNER W. R. TUOKERMAN TOWNLEY A. McKEE W. A WIMBATT 9, F. B, 0GILBY GEO. 'W. WHITE CThrift is the one attribute that can be depended upon to transmute ambitions into realities. Without it, your chances are slim—with it, success meets vou half way. TPAYDAY'S an excellent time to begin a “thrift account,” and Washing- ton's OLDEST National Bank a con venient and satisfactory place to make the deposit. Our Savings Dept. Pays 3% Compound interest—invites initial de- posits of One Dollar or more—offers vou the service and protection of a thoroughly time-tested bank. National Metropolitan Bank Capital, Surplus and Undivided Profits, Over $1,700,000.00 15th St. Opposite U. S. Treasury—109 Years Old 5 TV