Evening Star Newspaper, June 1, 1923, Page 29

[ FINANCIAL.- _THE EVENING STAR, WASHINGTON, D. T. FRIDAY, JUNE 1, 1923 FINANCIAL. ——— e e e mediate delivery, about thirty ° IN GOAL AND STEEL to have = stock exchange, the first to NEW YORK, Jume 1L.—The curb| gallon in the wholesale price of Mil- . market was confronted today with & 5onunom Gasoline announced betor: = as F_lut Mortgige Notes the beginning of busin & result of a meeting today, atten in . he quots: g g Amounts of $250 continuance of selling “under the | {ne PeEInY .l eing 8% cents above that §] by Gov. G - Tata’ Akt custame o o avpuiots| iyt 4 sowiassiet s AQrIcHiNOe DoparUnetiings s Ser. oo Jmpet Wine ot vy, Up to $1,500 ment of a receiver for Jones & Baker, | of Indléna broke below 59, New York cflndlflons Now 1‘ Pel‘ commerce of the archipelago. A splendid opportunity to in- The selling, however, confined itselt| 3nd Kansas vest your funds with absolute Prairie OIl and Gas got b the maximum g ety s to the low priced so-called penny| 200 level. Southern States was 2 SALES SHOW INCREASE issues and absorbed the attention of | Weak spot among the independent Cent of Normal. L e e ety aniont ol R ANC e Tob.’cwl Tasties, i CHICAGO, June 1.—Sales of Mont- Dolicies’ istued be established in the Philippines, ed Output Holding Up—Fewer Mules in Mines Hurt Busi- ness of Grain Dealers. me off somewhat and low. the itish the majority of traders all through the first half session. The result was that the market be- came (Freatly unsettled and this, with weakness on the big|der pressure. mal, compared with 69.6 a board, served to bring about gen-| A few sales occurred “under the|gg .o ,,,,’_ and 73.6, the x tion records in coal and steel arelerally lower levels. The fact that the |rule” in Durant of Delaware, but had houss concerned “in reporied i be | o wlTeCt upon. the selling price. the |20 condition for the last ten years.| 35256018, o watn ot $1 M. 36 924 14th St. M. 37 likely to be broken this year said {house concer 3 he|2s A or a large percentage | break of int or so being ascribed | the Department of Agri 4 y John H. Jones, head of the Bertha | GSROURT arge percentags a point or %o being D ent of Agriculture an-|89.04 per cent, over the total for the Mortgage Investments - usiness transacted on th : Coal Company, one of the largesticurb exchunge. accounted. for ihe|motor Eroun. Loratng Silver Syndi-|nounced todsy in ts first cotton re-| S22I2PORCNG five montha of the pre- | coal producers in the bituminous :hng falling off on the buying side |cafe Limited, capital shares ot $1 par|Port of the season. flelds of Pennsylvania. today. “Con-{OPGhe low Briced stocks. | value were admitted, firs: sales tak-| A revislon of the 1922 acreage, ditions are very stable, and 1 look ues went lower and ing place at 52. s based on the census bureau's March for good business for the remainder \EW YORK. 3 L rollne report, places the area in cultivation ! ™ . June 1.—Following is1 3 Unity Gold . s 4 |at tn < ©of the year at least. 1 am basing my | om o7y “ B0 o and. stocks Valenclana Dp S o si]a¢ the end of June last year at 34, L. 5% 1 he daily reports received { trageq t o Y 3% 016,000 acres, and the area picked S P C S d opinion on the aaily re $radtd in on'the New Foric Cart Mar:| 4 Yorss Site & F LTSI s, ang the e peves B even Per Cent---Secure from our offices, which are scattered | ket today: 1 West End Chemical .38 23 Weat End Consdl... .96 4% |an acre vield of 141.3 pounds. ional Carbon and Ami at- gomery Ward & Co. during May MY our logas, & her held firm, while such is- YLE. particulars apply BY J. C. RO’ . Special Dispatch to The Star. NEW YORK, June 1.—“All produc- Condition of the cotton crop on|amounted to $10,796,431, an increase (|| Loan Dept., West Manufacturing and the » mer?c:n ;gcomn(lv:“wore un-|May 25 was 71 per cent of a mor-|Of 34,419,355, or €9.3 per cent, over r ago.|those of May, 1922. This brought the Ch”. D. Sager cerage May |2E@TeEate sales of the first five buy and sell. T offer Tmmedinte Delivery g 1412 G Street M. 1346 over the country as far west as the | gajes in BONDS 10 West Utah. - . . Misaiasippi river, and on statements | thonmande. . High low. Ciose | 10 Yukon Gol 15 | (Condition May 25 by states follows: We are offering First Trust Notes on one of ! Trork e tant aasotTaten with whoml| 3 anet packens fe e, S &L s et I e g o i the best properties in downtown Washington. The H we do business. § Ames Gas & Elec to 2l S i PRI AT M value over and above the trust is nearly double. “Coal output today is exceeding the| 11 Am T & 1008 1001 1001, | ekt R % 7 3 2 | (Quotations furnished by W. B. Hibbs & Co.) . ee, 70; Missouri, 54; Okla- B . fonnage mined during the stress of | ¥ amcoudn gr il i tond 10N kel by W B Mk & 00 | e Caliretiin, By Arisbas. 13 . These Trusts may be bought in any denomi war times. But even with this tre-| 13 FEERR N (R 1 o N eoid yatoe. " ey all other states, 90. | tions—$100, $250, $500, $1,000—and so on—and pro- v up- rmour (o Del 53 W ondon, i ¥ : H : mend:’ul output. nthn;l:le :rrxnm::)_ Armeur (o Del Siie. 90% 90 cT"'Monlvm' vide an investment for your funds that is abso- pear before next January. In i 2 fan 300 PER CENT DIVIDEND lutely safe—paying 7 per cent. A splendid place industries storage stocks are being used up, and it is possible that the venewal of these reserves and supply- ing of immediate demand may provel R E) VOTED BY GERMAN FIRM SRR o s We are sure you'll be interested—and Mr. City Berv B PSP D el L Con Gas Bal 5igs E. 08! % |V /. i « Serious problem for the carrlers to Cons GGas Balio'se 4 108" 1030 1000 Ylenna Dyestuffs Business Declared Satis- Boss, Mr. Phelps or Mr. Webster will be glad to face. The question of whether an Crent ol R - T factory in Spite of Foreign go into details with you. adequate tonnage can be delivered to R o Warsaw, mark 1 consumers depends on whether the Copenhagen, crown. Competition. Christiania,” mark. . % | Stockholm, crown. . a2 iransportation problem has been suf- figiently solved.” By the Associated Preas LUDWIGSHAFEN, June 1.—The Boss and Phelps cctricity Spells Doom of Mules. Byt A smiited Proe. Overia et o Qm}l:{: motive pos h'Ew YORK. June 1—Foreign ex- | Baden :‘nllene lnld Soda Works, the The Home of Homes —we offer ' the coal mines of the gountry ichanges irregular. Quotations (in|&reat chemical plant here, declared . ing & deep impression on the hay United States dollars): Great Britain, |a dividend of 200 per cent for 1922, 1417 K Street Main 4340 Quarter w irtv W el grain markets. |Feed d:;‘l‘e"r‘anal\o!;t';:;; demand, 4.62 1-16; cables, lr.ll'\, «.‘- ‘x"h:x"r 30 per cent ‘ln 1921, it 5 Phone Main 4 h For O\C_l‘l_tl’ufl} years Q“"le' nia have always ixty-day bills on b s, 4.61 nee, | develope rom a report of the year's % Saiemls haxe ANATR ohing o the | : Hial | alxey iy it orl béuks 81 Brasos:| Jxtiopsl fgm = pepors ol the wancs of a ave specialized in FIR S iarge number of muies used (n the e, o e { demand, 0468 profits last vcar were 3,06,440,0 Century MORTGAGES, during which pits. Now mules are being Peun Power & Tt 5% SKip A4 Sia | gium, demand, marks, as compared with 168,760,000 entury . : . 2t rapid rate. ol PRl e Tis wi we 0815 8A1 98 | Germany, demand, (0000135 ‘i marks the year orevious. - time no investor has sustained The use of ‘electric motive power Fub Serv Klec To ba 978 sl 979 1.000013%. Holland, demand, 391 The annual report states that the 1 ithout 5 B ithé tncinal . in mines is not new, but many of the Sears, Roebuck 23 1008 100% 1007 | bles, 3520 Norway. dsmand depreciation of the mark wade it| a loss in either principal or in- Pennsylvania properties = formeny | 5 RaNeshess DiR 1%y 1048 [Sweden, demand, .2663. Denmark. de- | 80 expensive and difficult to obtain i~ il terest were mot_ within reach of power st | 1048 L mand, 1830, Switserland, fire imeurancs for the company’s e o ! a Loss st. i country = o (A emand, L0350, Pol L, ) , < e r x < y Sountry e ot corporations and| 4% demand, 0330 JFoland. demand.| KIS M o ngaged In the same 9 o. & Ask Your Banker ; £ Soen the smaller operators are aban-| 1a Argenting. “hoslovakin, demand, :92%%: | kind of manufactures, had founded i i vi ] DT 12 o 5 Soink out of business. Unit Rty of Hay 05 103 factory last year.' adax ehe’ report, New York \utomobiles and tractors are re- A 3 olthough forelgn’ competition piauiomeblles and tractors &8 Su| FoREIG _ CALL MONEY EASIER. tinued to make itself “perceptibl PameSin fact, a dozen of the largest| I Arfentine 7n-23 .. 100% 100 1004 | NEW VORK, June 1.—Call money STOCKS COTTON o = . y t of Texas have not| & K& of Nether 6s. " A\ 100k | euster; high., 5% v. 4%; rul GRA SoHmIE otet of e on ther. Sany | 19 Sl o oo W0 onel oot AL M e v orerea ¢ | WORKERS FAIL TO PRESS | an b Main 2100 T NW eastern farmers now are buy’ 3 d s 45 last 1 4% call - Main 2100. 2 Eye St. N.W. or than raising feed for their stock.|in units. 5 oan, 424 call loans aswinst | EURTHER WAGE DEMANDS BONDS S I EIES eV, 3 tuminous | 300 Anglo Am 0il ... 3% 13% | secentances, i bans UGAR The anthrache and bitumingus| i dnelo Am 0 18 A 1K |secentances, 43; time loans steads ’ 1 e AT e P ectricnl energy. | 10 Borne ‘Scrymuer. ! 130 mixed collateral. sixty-ninety davn,|special Dimateh toTae guar MEMBERS. | [ L v Ruckeye P L. 000 Ko, 5: four-six months, 5; n -| ATLANTA, — ¢ 6 i I eturn. the elactrical ndustry will| 3G fuckee B L. 3 e X umanthn, 5 prirae commer: | N = mrike jof | New York Stock Exchange N. Y. Cotton Exchange Te approximately 39,000.000 tons of | 200 Gai Nix o1l nis clal parer, & workers in the bullding trades which New Yo o g o Sl g L thls vear. As a result of the un-| 35 Indiana P A S 3 threatened for today in the Chicago Stock Exchange ‘hicago Board of Trade 3 Inrger cities of the south dla & 8 X precedented activity of the electric) 6700 Inter Fet Co Litd Washi materialize and wage jevels femain Associate Members of N Erocuee Exchauge Dower compantes the electrical equip. | 73 Nagnoik ruc ashington Stock Exchange . : Jerels ramain o R of Minneapolis Chamber of ment m‘dnusrl}fu"l;:rl:: t\;‘gfm"“ieri‘ SRt orts Builders' Bx- New York Curb Association Commerce -« top speed. e ore ES. change. Financlal concerns under- Electric Company for three turbo| i7g prajrie oif Washington Gas 73%s—8500 at 103, 31,000 at | writing large constructi ¥ T ervice Electri e v bar| e e 1 apital Tract ?n «w: mw':'uu : S e A Incrsanie conts WASHINGTON OFFICE: i B T Service Electric C 5 South Penn” Ol raction—10 at 98%, 10 at 98%, 25 [ had not cheoked operation m A S e lone will involve over|11700 80 ind 4 st 04 20 8¢ 0%, ciably and that contr had war) Main Floor, Woodward Buildin | NEWRFK. & 100 B 0 Kansax new. i AFTER CALL. hand which wotiid heen thom Br : 5 . on hand which wou % — ”':':?\?:r Curtailment of Ol Flow. | (oo § § KPcky Washington Gas Light—10 at 5o4. 10 at | CUPled — throughout ‘;';’p rimmer Office Open Until 5:30 P.M. : 2 o May constr s el S 0 Tt IO | omrENORNT 01 STocks. [P ey g ettt o0 B el B o a5 | JOMN CALLAN @LAuGHLIN cnances moaccey ) The Safest Security on Earth Shoved the “wholesale price of gaso- (12 Mioindn 2t 70, $15000 Ar $70. 1000 A% 10, 0" | more than en stories each. © ¥® °f Menater Assistioit Sranugee line up another nolcg. Ir:y 's”::‘:.lxrl'ng 11 Barrington Ol 5 Capital Traction Co.—10 at 9814, 10 at 98%, 3 of the ofl industry today, J. 8. Culli-| 20 Big Tndian Oil © Capital Traction 5e—$1.000 at 95 pan: Mylmerr!x?“;s;mldl::\‘:d:fil:: Toxas| 1% Ot Byl Mones—Call loans. 5 &ad 8 per cent. pany, form Seldemt Oihe on 10 3 it sery NLISTED DEPARTMENT., Gonire there 18 & iittie depression at| 2 ¢ (These securities pot 1stéd vinder Exchange We offer, subject to prior sale, a limited ) 2 uity Pet . present due in part to overproduction| g FIiY, ot prd 5 EQUITABLE rules. First Mortgage Loans| Phd in part to speculation by inter- ) N i ted In any way with| 1 : ] ponh, . Last e s e businenn " 18 Gien “Rock ol Armz a8 Naxs Club O il i Co-Operative Building : “The general appearance of business.” l,d ?{'-"r:nm('»"' 1;'. s ;a‘l:::m‘!'-.la rl‘".'.'n |:x B, 0 Lot | . N D DT od And ouF | b Hbris Coms Fet e Association ‘ Made On Improved Properties Anacostia Bank. American Com. Banking Trust Organised 1579 484 YEAR COMPLETED Assets . . 8$4,657,050.58 Surplus $1180,880.91 Hello—Savings Tm giad that T be o xave sxstematically some years ago—now I can take it easy. 80 can you in & it you begin now. rosperity will continue If we can only S T s o DrOBDeLY emforcement. Unless we can | 0 Keystone Raqper " have this we are headed for revolution in the United States.” | Praise Landis Committee. CHICAGO, June 1.—Contractors here are high in their praises of the work of Y the citizens' committee formed to en- force the Landisa wage award in the bullding trades, which passed out of effect today. One contractor stated that (Including Residences) | i In the District of Columbia l | 51/2% Interest 1 Living {he committee had been successful in ‘ . eliminating certain forms of graft in the ] iR il & ¢ ; e b i i Duilding trades which formerly had | 4 peih Reaver b ey ‘ Rea A O en munding 1 At I B Loans for Less Than $50,000 May Be Paid in Whole or in Part at! 85th Issue of Stock Belag Reecelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. NW. JORN JOY EDSON, Presidest FRANK P. REESIDE, Seey. Much Building in Atlanta. ATLANTA, June 1—Building opera- 3 tions continue here at the rate of $3,000,- 1 Ralt © & 400 in new construction monthly. ' The | o Rait Creek new ... tendency toward higher wages in the| 10 fan &G huilding trades is not so apparent here as in other sections of the country, al- though there is a scarcity of workmen. Hullders are mot fnclined to seck epeed at extra cost and walt until they can assemble satisfactory forces. Fewer Bullding Permits. Any Interest Period Without Charge H. L. RUST COMPANY Main 6888 : 912 15th Street Loan Correspondent for the Prudential Insurance Company of America g Washingtong Pase Woodridge & Langdon Sav BONDS. Bid and Asked Prices. PUBLIC UTILITY. 15th St. at K St. NW. ST. PAUL, June 1.—The total amount { * 1 A s |n:o1l‘ver;Al';|‘;u!rdlnl$|g re;v‘;llt;ul.u;;d‘ hl;.r: 1 :E:E;.IM.“:“..".,J 8 ",é:: Ameriean Tel. & Telgn. 4 in May were almost A 159l % Am, Tel. & Tel. ctl ™ TR o = o “ than in May, 1822 Some building 18| Arid. 8.l 3o Am TeL &7 S R e S T @ 4 Rridgept Mach w i se| 4 Igept Mach w heing postponed. but a new twent: Brit-Am Tob Cou ctory hotel to cost $4,500,000 will start 2 BritAm Teb o win August. 17 Buddy Buds... (Copyright, 1928.) 3 Ohecker Cab fd ‘A St A 38 Chicago Nipple ... City & Suburl “ g‘"n Nipple B BETTER INQUIRY NOW B anp s e % Colorado Pow & Lt NOTED IN WOOL MARKET| i B ¥ 1 Pectin..... 13% 3‘ ‘:uml\br‘:} & Radio flfi Outlook Brighter as Mills Show| 2 Dursnt Mot ... 5 Géorgetown Gas 18 Metropolitan R. R. Gs. Potomac Elec. 1st ParKing Space More Interest—Growers n;gi‘.cr}’;',‘,',,“"","’ Turn Down Bids. 10 % . 1 G | s e " - Is available near the Northwest o BOSTO! June 1.—The Commercial '| H:T;O Knl:"gl. § 5 : 8 \ Buliftin witl sty (Omorean, ing e - § Hisemm caipn Bigts RS , Branch (Security Storage Building) have the necessary veek, especlally with the inter- 1 Inter Carbon new Bigsh Renlty e tmaet). . . past week. supeclaily with the lnfef- | 4 Jaer Caghon new Sessritg Blorage ¢ Safe e . & of the American Security and Trust has been rather limited, but there is 'y McCrory Stores ... Wardman Park Hotel Os o Mercer Motor ... x rather more inquiry reported from o the mills, and, on the whole, the out- e look for the market seems a bit North Ohio Bl nfd 40 Lrighter. although there s still much | 3 X ¥ Teleplone pfd. 1093 vyoom for improvement. Foreign mart- serless Motor .... 43 STOCKS. : Company. Within a few blocks of the investing. PUBLIC UTILITY, i e % un R business center of the city—yet out of kets are generally steady, although :’apnflermle o Washington : = 5 r rima Radio Norfolk_& Wash. Steam| 2 A BAt s sportasties sennnia] g aad e b t the congested district. i, g g o o g2 P Denlera In the west are lowering | 30 8o © & T « thelr Hmits and Are getting 1665 wool | 1 4w Bell [y ite First M ge Bonds. I eneRauence B r Ty to conslqer| | Timkessie ! copital irst Mortgage Bo: tim eing to [unewhich were materiaily under the | 1 Tob Prod E: S Columbia <. : : COMMERCIAL $201 N high point of the season. There is & o8 U8 Lt &7 H ¥ n:u, = ; ted Each question whether or not the high 1 ¥eunw Taxi Co NT 133" 133 . o — Doint has been passed. j B o | he” market” for goods is in o MINING, : 0 ON SAVINGS ann" A i o healthier frame of mind, apparently, 4 \ YEARS FRO) UMULA Arthough mew business is very Hm- | 15 v Gisbettiop s i % e e 8139823 ited for the time being. 280 Boston Mont Corp.. A Butte & Western.. 1 180 Candelaria Min. . CROPS IN SOUTHWEST | i st eeipi IN GOOD CONDITION| 3 S i Epecial Dispateh to The Btar. Crown Rq 25 ST, LOUIS. June 1.—Reports of satisfactory soil and crop conditions were recelved here from all over the south and west tod; Although the south has planted a heavy acreage of d itA corn itions re- 3 " g . e | S Becond Tl e TRUST TRUST COMPANY. 15th and Penna. Ave. American Becurity and Trust tal Trust.. 10 . V@RI N proportion. 7 Capital and Surplus, $5,400,000.00 BRANCHES. cr# 16 migrate t ints where wagel 3 TITLE INSURANC! o are m.ni::.e Continued um»mfit 4 = 18 Columbia Title. * Central: 7th & Mass. Ave. N. are heard of in efficiency and indif 3 Jew Dastislon Cop .. 3 3 Reéal Eatate Ti L, 1 New Jersey Zinc.. 1601 180 : - {erence among "workers in the bulld- Rl Northeast: 8th & H Sts. N.E. o v ; e e Southwest: 436 7th St. S.W. . o Northwest: 1140 15th St. N.W. SEATTLE, June 1 (8P Lo > . * There has been a notable increase re kt i p: 2 cently in the ln?nrutlon of orfent 08 B N e ien W0 toms o Tonopa Belmont | 84" w on 2 3 } These products mow {a%n'the way to| 3 Tonobah Divide”." ‘84 | Teltow ‘Cab.. _ et Encu i s 3 Jonconn 5 % The Wi i X part n;' n.ha " of £.000 ?\{;:fla; %% e A b l't:ar Fork u"t’:‘ n&?:{‘?-: ST A vegetable o ¢ lurtest shipment TG aver Brought across the Pacific » etropalls the latgest pelition) clud A house for women ia the world, 200 Shares at $1.85 it er's reputation for reliability. g cller 5,775 G $ 5 Soon to Be Opened. thousand dollars in gilt edge & NAN. b dae dent! er p By the Associuted Press. m.'.‘n:.'.:'f.'.fi.:.:r"“" &":Ei"3:‘;5".:2":1‘-.*'%’32’-3’":.1’:"5 REPURI GIVEN []l" BANIL May 31--dauna sofn s 7% | Money to Loan First Mortgages L. W. Groomes, 1416 F St. —stock, accepting orders to S —— WILL HAVE EXCHANGE. Poncm— Money to Loan | ‘ Thomas L. Hume, Broker HALL-MARKS OF CONFIDENCE ¥ You buy medicines, furs, dia- monds, jewelry. You cannot know their qual- You buy them on the deal- There is that kind of a repu- tation behind every , FIRST MORTGAGE | issue of First Mortgage Real Estate Loans at 7%, interest, secured on well selected, newly constructed residential property sn Northwest Washington. Call or write us for full informa- tion concerning these loans. CONVENIENT DENOMINATIONS $100 $250 Ask for Descriptive Booklet “S”=lIt’s Free WILLIAM S. PHILLIPS ;| First Mortgage Investments When Will Your Boy or Girl Be Ready for College? There is only one way to insure a college education for your boy or girl and that is to the time comes. For most persons this necessitates careful planning and systematic The accompanying table shows how money (principal and com - Larger or smaller monthly savings grow in Call, write or phone Main 6464 for a free copy of our booklet, *How to Build an Independent Income” _%« F.H.SMITH CO. 'msr MORTGAGE INVESTMENTS 1414-1416 EYE STREET, N. W, Home Fumiturs e T T 'Comumroia) Loas & Finat Reom 411, 831 v Bystem Oo 2 LOANS If you have money to invest, we can safely it on gilt-edge first D. C. Mortgages. Our record of ”y.-niluwympro- tection. Courteous treat. Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. $500 §! Main 4600 ds available when und interest) accumu- o o o "LI3NIS . e e o 2,093.07 e e . . 247959 e o o o 288259 e o+« 332181 1873