Evening Star Newspaper, April 6, 1923, Page 29

FINANCIAL. RALVAY COWNE " WEAK AND LOWER Preferred Steady—General Market Slow—Money in Big Demand. BY L A. FLEMING. of the local p i Railway slight market common show of The was the After a ength for made a4 nesw low o when ten thing is verd s that out even stock usual ture the records One, today's sold ut shiares & ¥ patent to ndition is not amounts close ob- nd that bringing of the decli moderate the Sales te were ten s testing el n of Led steady catiy preferred shares were Eler Co Ruilwa was ist idated and the while the lust sale. 1t usually between dividend periods Controller’s Call. o establish hut the next call will end of the ernme that the mea give Indi- mount of cash left in )y the pilgrinia, Demand for Mones. rtoa very ney, with per cent and 6L Mort- per cent city_are not their | nishing plies, awaiting a mar- LARGE INCREASES NS INPORTS Commerce Department Gives Out Important Trade Report | Under New Tariff. Preliminary estimatos of the Com- merce Department today valued im- ports of the United tes dur- January at $319.000,000, or $1 ts fn J cess ing npe , & period The mports of me lendar year 1922, Department heen in eritire said atement. : If of that 0,000,000 Targer lu.- the first half of 192 arter showed an increase of lust quarter an P 1 report 1 ) imports, hav actment ut the is- the January as said by officials tess toward bring- 1 to date. Final tanuary imports, with an wing the countries which Furnished them and the types of modities imported, will be issued hro SEEK MORE FUNDS. ans Progressing for Building of Little City. CHATTANDOGA, April_6.— extile Com- series of 900-acre de of the ttanooga. authority stock from for_ carry- work. The first will ready for hs and’ con- be started the north r. mear ( wpplication f its $2.50 has filed 2 1o incre $1.000,000 1o so INg on the expausio uinit of the operation in miruction of few weel n SLAYER OF CURRAN quotation. fiscal | | NEW e during the | e | I'vorable |n i i Washington Stock Exchange SALES. hington Rywy. & Elec. com.—10 at 831;. ou Gas Light—10 at 50, 4 at 5034 AFTER CALL. 5—$1.000 at 975, = Wi Warhington Rwy. & Elec i $1,000 a Lanston Monotype—8 a w Light . & 10 llec. pfd.—10 at Moncy—Call loans, 5 and 6 per cent BONDS. Bid and Asked Prices. PUBLIC TTILITY. Amer. Tel & Telga. 4 Am. Tel. & Tel. ct Am. Tel. & Tel. conv, Anucostia & Potom Anacosti Georgetown AMetropolitan Potomuc Potomac Potom, £ w6l MISCELLANEOUS. per Mg, @s “old Storage dman Park Hotel 8 STOC PUBLIC CTILITY & Tel OEIEN fcan Tel ashington ! Nortolk & W Wash, Ry { Terminal Taxi ped.. NATIONAL BANK Capital TRUST COMPANT. ¥ and Trust.. ast: ..o o | Washington Loan and SAVINGS BANK. and Savings. United States Washington Mechanics FIRE INSURANCE. o Liremen's " £ Natioual Usion.. TITL bia Title state Title.. 5 MISCELLAN sphone.. ........ phophone DId... NSURANCE oTs Columbla Paper ants' Transfer & Storage. 1 | Lanston Monot Security Stora Washington MOTOR CAR OUTPUT MORE THAN DOUBLED Three-Month Production Aggre- g ates 867,628 Cars and Trucks, Report States. | B the Associated Pross YORK. April { production for the first three months lof the vear aggregated 867.628 cars {and trucks—more than double the number manufactured during the cor- responding period last year. March production, reports to the Natlonal Automobile Chamber of Commerce show, were 346,383 cars and trucks, exceeding by 57,000, the record of 1299.011 produced in June, 1922. HES | wire « United { runnir Lis exp the hr of the and on account large domestic consumptior | TODAY’S COTTON PRICES. | | Early Reaction After Sharp Ad- vance of Yesterday. NEW YORK, April 6-—Yesterday's big advances were followed by reac- tions in the cotton market during to- day’s earlv trading. The Liverpool cables were relatively easy, while the early weather map made a more fa- show and the opening was barely steady at a decline of 1o 20 points, v =old off to 29.59, nd October to 2550 during the first few minute © to 24 points inn( lower under realizing and scat- itered thern Uing. iverpool was buyer here again this morning. and there was some further buying of near months by spot houses, but the technical posi- tion of the market evidently was easier after the heavy covering of | vesterday. Private cables said that the higher prices had checked both home and export demand in Liver- pool, and that prices there had de- clined under realizing. Cotton futures opened barely steady { May, 20.67; July, 28.77; October. 25.58; | December, '25.08; January, 24.74. 6.—Cotton | NEW April May, 29.00: | futures 1 July, ol j2 ORLIANS opene ADJUDGED INSANE| Jury Finds Joseph M. Tighe of Unsound Mind—Will Be Committed. Joseph M. Tighe, who is under in- for murder in the first de- with the killing stment in connection tes A. Curd District 10 last n governy ne road, by a jury Justi Criminal Division No vesterday afternoon to e of unsound ‘mind. Tighe will be committed to an asylum. RETIRED DRUGGIST DIES. Edwin Yarnoid, retired druggist, died © Wednesday night at his home, 1539 Lamont street northwest, following an iliness of about six months. The fu- sieral will be held tomorrow afternoon 0 from the house, with interment in Glenwood cemetery. Rev. Dr. G. G. Johnson, p: or of Immanuel Bap- list Church, of which Mr. Yarnold wus once deacon. will be in charge of 1he services Born in_C 1 , 1851, nbran. South Wales. Au- Ir. Yarnold served in the itish army for thirteen vears. with eizh ré in the Roval Hospital “orps and five years in the Royal Welsh Fusiliers.” He came to the T nited States in 1884 and became a . zaturalized citizen in 1897. He was fi, the drug business in this city from ] to 1921, when he retired. Mr. %yarnold wis nronrieter of Yarnold's gpharmacy, at 14ih and Moaroe streets, 3.50; October, December, 24.50; January, 24.35; —— FOOD PRODUCTS LOWER. Bradstreet’s Reports Commodity Prices Little Changed. W YORK. April 6—Commodity {prices changed but_little during March, Bradstreet's today sald. Metal and allied products moved up slightly. while textiles and food products eased off slightly The Bradstreet's index number of thirteen different groups of commodity prices on April 1, 1923, showed a de- cline of two-hundredths of 1 per cent, or $13.9304, as compared with $13.933% on March 1, 1933, Compared with April & year ago, the index number showed & gain of 20.8 per cent, and compared with August, 1914, the gain was 59.9 per cent. LIVERPOOL COTTON. LIVERPOOL. April 6.—Cotton—Spot. quiet: prices steady. Good middling, 16.13; fully middling. 15.98; middling, low middling, 15.63; inary, 15.13; ordinary, 14,83, . including 3.100 American ; )sed unsettled. 3 : July, January, 13.41; March, SUGAR PRICES ADVANCED. NEW YORK, April 6.—Three of the five local refiners today advanced the price of refined sugar 20 to 26 points, the new aquotations ranging from §.90 to 9.25 cents a pound. - aguin *{the rise w [traded in on the New York Curb Mar-, 6.—Motor car : December, | 15.06; | THE EVENING STAR. WASHINGTON, NEW YORK CURB MARKET - Recelvd by Privkté Wire Diréct to The- Star Office. |y WiLLiAw F. HEFFERNAN, I NEW YORK. April 6.—The buyirg movement contiuned on the curb ex- change today. but there were inter- vals in which realizing sales were | Leavy enough to cause & halt in most of the speculative favorites. The market found, however, little | difficulty in absorbing the selling and | | higher prices were the rule. Those who had sold short on previous days | found it difficult to get stocks back | at the lower levels, this source also made Itself felt Although the buying from outside Gid not “appear to be on the increase, | poot oper. croup were tates was 3, but lost fternoon. 1 bid up sharp part of the Independent and Gas. béen doing nothing in for some time past, sudden {life toda: g un a point before s checked Standard of Indiaua, always the leader of its group in point of act ity, held firm, while Vacuum con in the in- NEW_ YORK. April Following is an officfal 1ist of bonds and stocks 6.~ ket today Sales § BONDS Araconda 6 ondu Tx ") glo Am 0il » of Del oard s d s Prod Cities Servive Ts I s Muito 5138 5 Dulto 6 4 (one Textiles S5 . Cuban Tel Tigs . Detrolt City Dunlop T & R Ohfo Power 5 Phila F 2 PhilaElec Shawsheen Sheff Farms and Dbuying at!y | points on | ued the leader in point of ad Recent rumors are to the effec vmu. while it is not expected there will be uny increase in the Vacuum divi- ion at this time, such action by the directorate is possible and would not | come as a surprise. In gome parts the upward move- ment of retall stores on the big board stocks in which the same people are interested on the curb ex- change came for a good deal of at- tention and went higher. Included among these were United Retail Candy shares and United Profit Shar- | ing, the latter crossing 7. Chicago | pple displayed more activity and | advanced almost a point. The upward movement continued in the Midvale but after making a new top profit-taking caused a recession. H Jimning stocks were ac with | ice changes mostly on the side of | k. Ance. Red Warrior was a fea- ture, reqching a new record up a large turnover. It was that Copper Range had & $1 distribution. holders of record the share announced resumed dividend, payable May 10 t April 10. Last payment made by company was in h. the sume amount was distribated 117 Butte & Western... 1 Calaveras Copper i : | i Ifield Jack " leld Jackpor .. 44 lafeld Vro. o ! Gold % Hardshell Min Harmill Div il Top Nevads Tecla Mine Homestake Ext Howe o Todepen Kerr L Mason Marsh Mines McKin Dur 5 McNam Cres Dev in Dok cop N Y Porcupine . hio Copper Prince ¢ G Ray [er Hill Cons Bmond Warrior . alida Minen q Queen Min Corp Siiver Mia of Amer SiK D Min reor Silver King Cons Spearhead -Gold Suther Dev k Hugzhes Teminkam, Tono Bel FORELGN reentina s 23 Kiog of Nether Republic of Pern 88 697, wiss Gort 5iys 801y U 8 of Mexico 4s.. 40'y STANDARD OIL ISSUES RONDS. Sales in_toits 800 Anglo Am Oil 300 Atlsntic Lobos 60 Ruckere P L ... 0 Cumberiand P L. 1 Sig Ol ..... 200 Hum Oll & Re new 0N P L 5 Tmp oif of Can ) Ind P L, ) fater'] a0 Magnotia pet 0 Northern P L, 130 Pratrie il & G 115 Prairie P L, 40 Nofar Refin | . 40 South_Penn 111100 8 O Ind 177800 S 0 Kunsas new 0 N'Y pew 20 8 0 Oblo 9100 Vacuuro Ot new .. ‘pa%y 35 Washington Ol a7 Sales INDEPENDENT OIL in hundreds. 40 Big ludfan Ol Boston_Wyo Oil Calif_Pet_new I Cardioal Pete Carib Ssnd = 1 Cities Serviea 1110 1 { 181y 4 € o' Ld oil 300 STocks 23 e e a B cfs Syod 0 & Row i i Harris Con | Hud<on O3 i Humphress 01l ! Independent 0 & i Kerstone Rupger 5 R0 I Northwest 0i1 ... New York 011 | Ranger | { Santa Fe 0 & Sapulpa Refla . Seaboard 011 Southern P & R 41 Routh States Ol .. 130 Texon Ol & Land. 4 1815 Acme Coal 3 Amal Leather 1Am G & E ew w i 10 Am Drug ........ 1 Am Hawaiian § S Am Stores ...... 10 "0 of Del ptd 4 2% m ch w i Am Tob Cou.. Inter Corp A 3 Bklyn City R R.. 11 Cent Teresa ... 10 Checker Cab Mfd A 140 Chicago Nipple . 13 Chicago Nipple B 10 Chi Steel Wheel pf 1 Columbia Car vot cf 30 Cuyamel Fruft . 12 Dongias Perfection. Dubilier C & Radio 9 Durant Motor 3, Foundation Co T 55384 RS R E S 3, Gillette Safety Raz 2 T Gt West Sugar 4 Herden Chem Hudson Co ped. and_Steel |7 inter Cont Midvale Co . 3 Mercer Mat Kt w i t Sup Co of Del. Y Tele Co pfd. 2 Onyx Hoslery 85 Patterson Tob. 6 Prima Radio Co. 26 Radlo Corp o8 2 Rep 44 Reo Motor.. 1 Rosenbaum Grain C 1 Bhelton Looms.. 9 Bchulte Btores... 10080 0 & I.iin pringfd Body Cor) 3 Standam Motor. " Rubber. 10 Tobaceo Prod Exj i3 Todd Ship.. i Torbenson Axle. S Triaugle Fiim 3 United Baker! % U8 Lt & Hes & Alaska _Brit-Colo ) Am Exploration. 114 Ariz_Globe Copper. 20 Big Tedge.. - 1 10 Boston Moot Corp.. .17 19 191 { FOREIGN EXCHANGE. i April 8, 1923—1:15 p.m (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold valve. tod Lo ABBED 1.00 162 London, Montreal. Paris, | Brussels, Berlin, | By the Associated Press NEW YORK, | day | cemand, slum, | Gern 000047 ibles Swed rway, dem; Dennark, rland. demand, demand. .1530. Greece demand and, 1 090074 i Sure Proof. From the New York Sun. “How can you tell they are newly married?” “She cried when he caught hi, finger in the door.” x e _— Young women of the Flathead 1n-I dians in Montana wear hlkh-hooled! shoes, while the men of the tribe still | cling 'to moccasin ONG enable and at no dividual. COMMERCIAL Ca 7th and Mass. experience HOME D. €, FRIDAY, APREL 6, 1923. DATE SET IN FIGHT ON I. C. C. RULING Fifty Roads See Loss of 530.000.-‘ 000 Yearly in New Mileage Plan. " Morgan, Livermore & Co. Members New York Stock Exchange 823 15th St. N.W. and Wardman Park Hotel iated Press April 6.—The federal district court todav set for a hear- ing on April 12 the petition of fifty eastern railroads, including eight New England lines for an_ injune- tion to restrain enforcement of the | order of the Interstate Commerce | Cominission for the issuance by the | raflroads of interchangeable 2,500- | mile passenger ticket books at re- duced rates. The railroads in their | petition said that the carrving out | of the order would result in a et | loss in operating income to the e ern group of railroads of nearly 000,000 a year. PRICE OF FOREIGN ‘ SILVER IS REDUCED | Main 2790 Col. 2000 New York Market Reports Drop of Two Cents in Week. ¥ YORK, April 6.—The price of | for silver 'in the local market to- , day dropped % of a cent to 66% cents | an’ ounce. The recent heaviness of | foreign silver prices is attributed fo the announcement of the director of | the mint that government purchases of domestic silver at 99% cents an ounce, under the terms of the Piti- man ct. would cease about July Today's ‘decline reports a loss of cents on the week If You Believe in the United States You Believe 1n Washington! T % First Mortgage Notes Now On Hand K. Main 2430 silve LONDON, April & —Bar 3 ounce. Money, 2% Discount rates—s bills, 215 per cent: three months' bill 5-18 per cent. For Sale--- 6'5 % Notes Secured by first deeds of trust ou new houses located in a good residential sec- tion of the city. NOTES OF VARIOUS DENOMINATIONS Ready §ING~ 813 15th St. N.W. From $100 to $:00 oo D. C. real ate _und housenold goods_ or cha i @€ tals. 7 per cent in . .Ne brol | e, courmed. Come Ln"and let pl I for Immediate Delivery. Gardiner & Dent INC. 717 14th St. N.W. Main 4884 our method of making emall reisl Loan & Financa Corporation “Room 211, 821 16th Bt N. System Copynghted & Pateai Pesiing, If you have money to invest, we can safely place it on gilt-edge first D. C. Mortgages. Our record of 30 years insures vour protection. Courte- ous treatment. Percv H. Russell Co. S.W. Cor. 15th & “K” Sts. EQUITABLE Co-Operative Building Association Organizsed 1579 434 YEAR COMPLETED Assetn .$4,657,950.56 Surplus $1,180,880.91 Money to Loan Secured by frst deed of trusy Prevailing interest acd commission. Joseph I. Weller 20 Wa blds.. U. S. Victory 43% Notes All of these notes will cease to bear interest af- ter May 20th, 1923, 1f you wish to place your Victory Notes with us for collection be pleased to present them for May 20th, 1923, shall also be gi Systematic Saving The man with a bank aceount always Increase saving svs- we shall payment on We make r the proceeds. tomatics Subscriptions for the 84th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. NW. JOHN JOY EDSON, President FRANK P. REESIDE, Secy. reinvestment Crane, Parris & Co. Investment Bankers 823 15th St. N.W. A Wealth of Training and Experience For Y our Benefit and adequate facilities this Trust Company to administer vour estate and act as trustee more effectively greater charge than that of an in- very Banking Service 3% ON SAVINGS TRUST 15th and Penna. Ave. pital and Surplus. $5,400,000.00 SAVINGS BRANCHES 8th and H Sts. N.E. 4306 7th St. S, | i ] | | I l | | FINANCIAL. Apartments If you own an apart- ment you should over our Apartment House analy It will be of interest to vou. RENTS B. F. SAUL CO. Mortgage Loans 1412 Eye St. N.W. Phone Main 2100 - We Have Funds " Available for the Purchase SECOND TRUSTS Address Box 30-Y, Star Office 2 20 is. Washington’s Oldest National Bank Far-Reaching Service f Big as this bank is, the smallest depositor is made to feel “at home."” and service extended on the basis of mutuality of interests. ¢ Such a banking connection is the kind worth-while. Are YOU ready to turn it to advantage? 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 Dean, Onativia & Co. Stock Exchange Building New York COTTON GRAINS COFFEE SUGAR STOCKS and BONDS MEMBERS: Stock Exchange N ago Stock Ex nge Associate Members of York Curb Association WASHINGTON OFFICE: Main Floor, Woodward Building Office Open Untsl 5:30 P.M. Phone Main 2040 JOHN CALLAN O'LAUGHLIN CHARLES R. ALLEY Manager Assistant Manager Cotton Exchange hicago Board of Trade . Y. Produce Exchange inneapolis Chamber of Commerce C York Ne An Uptown Bank for Business Men Our Uptown Bank at 1333 G Strect provides Utmost Service and Ranking Convenience to the husiness men in this neighhorhood—and you will find a cor- dial attitude awaiting vou. Last-minute banking convenience for the end of the week is made possiblc by keeping our Uptown Bank open on Saturday afternoons from 4:15 to 5:15 M. Second National Bank “The Bank of Utmost Service” 509 Seventh Street N.W. 1333 G Street N.W. NO LOSS TO ANY INVESTOR IN 50 YEARS How Much Will You Have 10 Years from Now? N 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— You Will Have $8,304.79 10 Years from Now. Call, phone Main 6464 or write for our new booklet, “How to Build an dent Income,” showing how you will accumulate by putting aside $10 or more each month under our Investment Savings Plan. <The F-H.SMITHICO. Counded 1873, - FIRST MORTGAGE INVESTMENTS 1414-1416 EYE STRRET, N. W. NO LOSS TO ANY INVESTOR IN 50 YEARS