Evening Star Newspaper, April 17, 1923, Page 27

. TURINANCIAL. JVANCE IN STEEL PRIGES UNLIKELY nt Managers’ Greatest Aim to Keep Up Pro- duction. BY J. C. ROYLE. fia1 Diepaten to The Star. [ew YORK, April 17.—Premiums bractically every steel product are & pald today for immediate delive but price advances have not fol- wage Increases. There is a dls- feeling noticeable throughout industry against further price ts for future delivery. FPlant agers indicated today that they 1d teel. satisfied if the present of operations can be continued, it the recent wage Increase s not permit them to add to their rolls. Plant operations for the uskry in general are above 90 per t of capacity. somewhat similar trend is mak- itselt manifested In other com- itles as the various firms open up ir lines for the fall trade. Shirts b hosiery show light advances, but the majority cases the price in- ases have been extremely moder- when the cost of raw silk and ton is taken into consideration. tlronds Busing Heavily. frhe remarkable series of orders for 1road equipment still continues the ture of the steel industry and the fssure on the carriers is’ growing lv. An example of the insistent and for prompt handling is shown the fact that an order for 2! 0 auto- bile tires now is on the trom u Claire, Wis., to Portland, Ore., by rcel post, the purchaser willingly oting the charge of $501 in order to t prompt dellvery. Vessel owners are rushing prepara- ns for the opening of navigation the upper lake ports, and railroads rughout the entire northwest are paring for extensive maintenance 1 improvement programs which will nds of men. The as started work on new thirty-four-mile line, which W11 connect the now 6pen-pit semi- uminous coal mines in southeast- Montana with the main line, ich will cost $2, ,000, he $40.00 improvement am. of the Union Pacific road gives mise of even further expansion, as company is having me difficulty securing laborers on its lines, ich are being double-tracked in ffoming and Utah. Labor Difficulty Threatens. Mass.—One of the big shoe pro- s into another shoe settled speed- pducin n precipitat unless it odd factories | . e dispute, oddly enough, etween the majority of the rkers and the ma 3 ween two be Workers, to wh per cent of the workers belong. ' the Amalgamated Union, which hn outgrowth of the old allied shoe rkers. The latter union present- demands to the employers for a per cent wage incr e and struck an answer was returned to ultimatum. dented -sales of motor ve- out the great in-growing s ns of the north- st. “Many transactions which had n held up because.of bad weather have now been consum- and farm work will be well way throughout that section fore the end of this week. ‘ord Plant Breaking Records. Breaking records is becoming a habit [the Ford plant. The daily output rec- has now been placed at 6494 cars B trucks. ed out The Ford Tractor Plant 32 Fords on tractors in one S0 is record. and last week prod 06 cylinder castings. The pre h mark was made & year ago 67 castings ere turned out. Kales of the fertilizer companies in b south have failed to come up to ex- ta.ions and ran below the normal el, 'in spite of the fact that cotton is a high point and that this was ex- ed to stimulate fertilizer purchases oughout the south. Many of the com- nies, however, have been paid old ac- nts, which have been on their books far back as 191 LW ver Rouge foi Retail Trade Booming. [PITTSBURGH, April 17 (Special). [Recent wage increases have already gun to be reflected in the retail hde of this section. Spring goods e moving freely, and merchants an- ipate still further growth of sales als. Plate glass workers are meet- 3n insistent demand for their oduct. Inquirles for window glass ve fallen off slightly in the west d southwest, but the output of the ndow glass’ factories still is not ge enough to meet demand for bmpt delivery. Mining Test Station Opened. ST. PAUL, April 17 (Special).—The w ‘University of Minnesota mining pejimental station was opened to- 7. and its operation is expected have a decided effect on the iron fning tndustry. The plant comprises e of the best ore testing plants in e world, and it is hoped that re- Its of experiments conducted there 1l encourage mining of low-grade on and manganese veins. $5,000,000 Park Planned. ATLANTA, April 17 (Special).—Al- ough there still remain several mil- bn cpllars from the last bond issue, active campaign was launched to- y for another bond Issue of $9,- 0,000, proceeds from which are to be bent 'in public improvements, in- uaing' a public park, which' will Shigbullders to Meet. PHILADELPHIA, April 17 (Spe- a1).—The annual meeting of the antic Coast Ship Builders Associa- on. which inciudes In its member- [ip every big shipyard on the Atlan- and golf coasts, will be held here ay 14 [} New Issue Ten-Thirty Year Federal Land Bank * 41%%Bonds Exempt from Federal, State, Municipal and Local Taxation ted Jam. 1, 1923 - Due Jan. 1, 1953 Not redeemable before Jan. 1, 1033 Price 100%; and Interest to yield about 4.45% to the redeemable date (1933) and 4% thereafter to redemption or maturity. Stein Bros. & Boyce Bankers 211 Woodward Bldg. Main 1079 Baltimore Richmond .in three years. coal fyarket is soft and some of the o:i'n coal producers are suspending perations at plants .with high oper- ating costs. Free coal is lower than contract fuel and the open mirket price is under contract orders. , UNIONTOW! Pa., April 17.—Spot WIRED STAR FROM ENTIRE COUNTRY | furnace coke his been offersd at $6.60 and saids at 36.25 are reported. A fow . DETROIT, April 17.—The Paige-De- weeks a0 the spot arket feached | troit Company has given up its truck | $7.50. ‘With furnaces well supp] manufacturing business and is now |bY contracts the spot market confining its truck activities entl to making service parts for the Pal trucks already built. The truck plant| April 18— is gradually being transformed for | Texss Power and wer p. the manufacture of Jewett cars. April 1 . Wiles Blscult 2d pf. accum CHICAGO, April 17.—Marshall Field 20+~ * e COMMODITY NEWS April today advanced prices on bedspreads|Atias Powder pf, about § to 7% per cent above former | Buckeye P| e levels. g Cluett, Peabody, A oy irham Hoslery NEW ORLEANS, April 17.—Manu- | DU font Lo facturers and jobbers of ~machinery | EYcninge Bt are having the best business recorded | Federal fox Farm and drainage | Federal Sug: machinery and that used for lighting | Fisher Rody, and water works lead the sales. . |Fisher Body, — Homestake Mining NEW ORLEANS, April 17.—The un- | Kelay - Wheel, seasonably cool weather has had a deterrent effect on retall buying of | gulilfa-fonee n men’s clothing, but merchants de- | SI3QRIF Oom OIL ... clared today they expectéd the vol-{General Cf 5 ume of business to make up for this| Pruducers & fe early dullness within the next two |Remington Type, 1 weeks. Wabl Co.me. SEATTLE, April 17. — Sawmill < throughout the Puget sound and C DIVIDENDS. lumbla river districts are operating| . P Pay. Btock ot three shifts of eight hours each | Campany. ‘able. Record. Stocks in. eastern yards are today re- | Acme Coal 3fint June. 5 ported to be very small and foreign g;n» )l;\';- &L demand {s heavy. el v | Haeb. Rel. FORT WORTH, April 17.—Sweet potato curing plants in this section | pesas cereat have exported large quantities of 2 thelr product since March 1. —The| .- —_— price todsy ranges around $1.10 per WILL REMAIN AT WORK. ushel. 7 e LYNN, Mass., April'17.—Members of HUNTINGTON, W. Va. April 17.— |the United Shoe Workers' Union will The Ohio Valley Street Rallways and [remain’ fn'the factories durlng the Light Company has ordered forty|COntroversy between the manutac- cars. The.estimated cost is $500,000.|turers and the allied bloc of the Amalgamated - Shoe Workers of CONNELLSVILLE, Pa. April 17-—|America and will endeavor to flll the Fifty-dollar bills are circulating frée- | places of the 1,500 edgemakers; Good- iy In this district today as a result|year operitors and heel workers who of the fat pay envelopes disbursed|went on' strike yesterddy. This was by coal mines and coke oven pay-|decided at a meeting of the joint masters. Pay rolls in the district are | council of the United Shoe Workers. in the nelghborhood of $2,000,000 and | = totals are exceeding war-time rec- ords. i PITTSBURGH. Pa., Aprli 17.—The Money to Loan Large Amounts Business and Investment Properties Lowest Rates Prompt Action WEAVER BROS. 735 15th St New Issue * SFen-Thirty Year Federal Land Bank 4Y4,2, Bonds Exempt from Federal, State, Municipal and -Local Taxation Dated Jun. 1, 1923 - Due Jen. 1. 1953 Not redeemable before Jan. 1, 1933 Interest payable January 1 and July 1 at any 1 Land Bank or Federal . Reserve . Principal payable at EQUITABLE e Coupon gnd registered bonds (inter- “ iz | changeable) in _denominations _ of Co-Operative Building ), S Association e SRy ten yaars from duts of svae, % Organized 1879 43d YEAR COMPLETED $4,657,959.58 -$1,180,880.01 _ The Supreme Court of the United States has held these Banks were Ansets Surplu: Systematic Saving Prepare to meet any emergency in e i e 28 e Bl 2o b trumentalisios. Subscription for the . Government be are from Federal, ) 84th Issue of Stock Thomicipel and Tecal fasation, Being Received These bonds are acceptable by Shares, $2.50 Per Month the United States Tressury as security for: Government depos- EQUITABLE BUILDING 915 F St. N.W. its, including Postal Savings funds. JOHN JOY EDSON, President FRANK P, REESIDE, Secy. The Federal Farm Loan Act pro- When Investing” || et nitad Beaten, a1 They are eligible under the laws of many of the States for invest- ment of all public and private funds, and have been officially held eligible for ‘investment by savings banks in thirty-five States. vides that the Bonds shall be Tawful investment for all fidu. ciary and trust funds under the jurisdiction of the United States Government. Constder First Safety, | Second, the rate of return your | earnings will_yield. You will find First Mortgage Notes always foremost in recommended safety. Send for full information concerning our 1% First Mortgage Investments in Amounts of $250 Up to $5,000 Guaranteed Title furnished to all investors, with collection remitted the day due. .Chas.h D. Sager 924 14th Dept. M. 36. Price 100%,% and interest to yield about 4.45% to the redeemable date (1823) and %% thereafter to re- demption or maturity. Crane, Paris & Co. Investment Bankers 823 15th St. N.W. The statements contained hersin, while not guaranteed, are based upon information and advice which we Believe to be acourite and reliable. By in&éfih’ng less than $1,000 a year |S.W.STRAUS & CO. Incorporated. THIS diagram represents $35,248.89, a comfort- able sum of money which you can obtain if you buy a $1,000-5%, bond—on a 5.249, basis—every year for twenty years, and reinvest the semi-annual interest on the twenty bonds at the same rate RESULT: . $19,625.33 Money invested in 20 bonds—one bond & year. 1050000 Inteves—s$ e X nterest—$25.00 semi-annualls " ‘eachbond. Ton 4,758.89 Compound interest — received by :m-nbmud interest Discount—difference between buy- Mu and maturity value of Total at end of 20 years. ', 3724.67 $35,258.89 THszovcllummtheam:‘g of reg- ular investment in well-secur mif;?u are interested in increasing your income by careful investment, we would be glad to send you our cur- rent recommendations, which include many bonds yielding more than 5.25%. . Telephone—Main 3176 The National City Company Washington—741 15th Street N.W." Ofiuhmhnh&wdfidfimh-flwl A A Qs n ‘we can it on gilt-edge first D. C. gm-m Our record of Years Insures your pro- tection. Courtepus ufl... “SW. Cor. 15th & “K” Sts, tals.. 7 'per cent interest. No brokar- . Gome in and let us sx-, eur mathed .of making small “Money to Loan Secured by first deed af trust on real estate, Frevailing iaterest and commission. Joseph 1. Weller 4% Was & mr Nearly 25 Years Serving Investors During this long period covered by our investment banking experience many changes have occurred, both in securities issued - and their desirability from the viewpoint ef investors. Our intimate knowledge of underlying conditions in re- spect to yields, duration of issues and marketability. by reason of the situation and outlook in various industries, offers a service of distinct value in selecting bonds suit- ing your individual require- ments. BAxer WATTS & COMPANY e BanxEns Edwin D. Flather Manager 813 Woodward Building WASHINGTON Calvert and Redwood Streets BALTIMORE How to be Sure of Safety THE best way to be sure of safety is to sclect only those securities which havea long and honorable record be- hind them. STRAUS BONDS are backed by a 41 year record of un- broken safety. You cannot afford tooverlook the signifi- cance of such a record. Investigate Straus Bonds be- fore you invest money. We suggest that you call or write for BOOKLET 936-G OficesingoCities. Bstablishedibls Nat. Mem:r‘nliun Bank Bldg. Washington, D. 0. Telophone Main 5847 41 years without loss to any investor © 1923—S. W. S. & Co. 1f- You Believe in the United States You Believe in Washington! First Trust Notes ; Always ‘at Par - . Notes $100, $250, $500, $1,000. " 7% First Mortgage Notes Secured on Improved D. C. Real.Estate .~ . .. Appraised by Experts of 35 Years’ Experience Without a 'Lng. I Offered in Denominations of $250 and Up . A Good ll‘\'vea‘hnent G o First and Second Trust Notes ! Warehouse Receipts and Make Construction Loans National Mortgage & Investment Corporation | 811 Vermont ‘Avenue N.W. HE owners of a business would soon shut up shop if that business didn’t pay out something pretty regularly in the way of dividends. Then’ how about yourself—is all your salary going for “oper- ating expenses,” or are you building for dividends and surplus in your savings account? In other words, are you a profitable going concérn? . iy Make every pay-day a “dividend day” by depositing something in your savings account. COMMERCIAL - Every Banking Service 3 %o oN SAVINGS _ ail 15th and Penna. Ave. Capital and Surplus, $5,400,000,00 , HOME SAVINGS BRANCHES .- ; 7th and Mass. Ave. 8thand H Sts. NE. 436 7th St. S.W. Travelers’ Checks, Letters of Credit, Foreign Exchange * HAN " FINANCIAL. - Insuring a Steady Income fKept at interest :here, your spare dallars will. net you a H steady return of income. Why | jeopardize -the safety of your hard-earned 'cash in doubtful investments when every dol- lar you keep on deposit at this old bank will bring a sure yield?. e L YL Savings & Trust Co. S6th Oldest Savings Depository in. Washington Cor. 15th and New York Ave. Save and Invest It is the sane to comfort in years to come. Speculate if you must, but establish a reserve first by ac- cumulating safe investments. These notes are'known to be SAFE INVESTMENTS « WITH 4 WIDE MARGIN OF SECURITY Paying 6 and 6Y42% (PAYABLE BEMI-ANNUALLY) Shannon & Luchs Firsf,Trust Notes Built on a Straight Line of Return Not a Fluctuating Value Sold in Denominations of $100, $500, $1,000 FULL INFORMATION [SHANNON- & LUCHS Since 1906 MORTGAGE DEPARTMENT 713 14th St. N.W. WHAT YOU WANT IS A CERTAIN FIXED INCOME XPERIENCE has proven, as brought out by the Lockwood Committee in New York, that FIRST MORTGAGES Over a —yield the highest return over a period of years. Quarter of ¢ Century Without a Loss. B. F. SAUL CO. 1412 Eye St. N.W. You get an absolute ‘certain and fixed yield. In amounts of $250.00 and up. Main 2100 How to Accumulate $48,00 in 20 Years Y investing $100 .2 month for 20 years in our 6%,% First Mortgage Bonds you can accumulate $48,028.87. Yet you will have paid in less than half that amount; bond interest, compounded, accounts for the balance. Interest Earned..........c........ 24.028.87 Total Accumulation.............$48,028.87 An investinent of any amount from $10 a month upward will result in a proportionate accumulation. Call, write or phone Main 6464 for a free copy of our new illustrated booklet, “How to Build an Independent Income.” ke B H.SMITH.CO. “\Pounded 1873, FIRST MORTGAGE INVESTMENTS 1414-1416 EYB STREET, N, W.