Evening Star Newspaper, June 25, 1923, Page 21

- FINANCIAL.' NEW YORK CURB MARKET » .76; soft winter REcEWER Is NAMED WEEK:'S BOND OFFERINGS | FLOUR PRICES UNSETTLED. sring clears, .00 s, 5.00ab.5 hard winter s NEW YORK., June 25.—Flour un- hts, 5.6086.00. 'Pork dull; mess, “ 9 | o Received by Private Wire Direct to The Star Off FOR BANKRUPT FIRM TOTAL $66,632,000 sertes: “sorini *satonts. 60 A e All Foreign y y Priva e co. > £ North Carolina Coupon Notes OfO||lr First Mortgage Exchange BY WILLIAM F. HE NAN. |t 2 10% on heavy|gp. . nvestments | 1 i M F. HEFFERNAN. | ftoday, opening at 104 ion netivs|Binstein, Ward & Co. Suspended, Among New Issues Just N e ai i R Quotatiom NEW YORK, June 25.—The open-|thereafter around that figure. Placed on Market. are Dlaced on the most con- fos sesslon of the week on the curb) The company is engaged In the From Stock Exchange i e Ye YAluution; nisver has B R . pxchange was one of the dullest|Manufacture of Pennant taxicabs, the By the Assoclated Pross. e hmn s e y Radio ‘ Roamer Motor Car and the Barley Six. Today. NEW YORK, June 25.—New offer- prineipal or interest. which has been witnessed in many | The balance sheet of the comp: s 5 ‘We _collect and remit Interest Dail iy dsys. The majority of the list|of June 1. 1923, shows current assets A R ings held up well, in the face of the the day due, furnish insured ion Nt 10 o'clock from Sta- reached lower levels with a good deal | ©f $756.539, Including cash on hand | py e Associated Press. depression, the total last week title certificates, tim\h\ TAY of Woodward & of selling occurring in the Indus-|SMOUIHIE to $2(5,960, and total as-| “Npjw YORK, June 36.—W. C. Fitts |Feaching §66,632,900. The previous Can accommodate investors = l::l;“}:cdmus quotations trial section. Motor stocks were es-| Reports were current today that|today was named as federal recelver Week new offerings aggregated near- with amounts of $250 up to adcasted. Rates by pecially depressed, coincldent with |announcement of the expected Dro-|for the stock exchange firm of Bin- |1v $195,000,000. Investment “°“'°‘l The Weakness of this sroup on. the|FAUNE of oil runs in ‘the midconti- | stein, Ward & Co., which falled Satur- | reported fair sales of the new i i | nent fleld would be made before the | day for $125,000. Auring the Dast weak. knd =me stock_exchange. close of business, but up until a late | The firm ‘did not do & commission S o8 to e difessd dasy Cieveland sold off in sympathy with | hour failed to be confirmed. business with the public and had |large issues are to be of i rivate wire from New York. :.rm or more, bearing 7% in- §pecia1 phone, Foreign Depart~ b ARREI M ment, M. 8222 Chas. D. Sager The Washington Loan Loan Dept. | M.36 ||| and Trust Company 900 F 92414thSt. § 3 |l 620 17th Seeat the coming week, including an issue sharp b Oil shares were disposed to sell off, | been inactive for some time. Its sus- . e Teak in Chandler Motors, |\ 5" Pere was no decided weakness.{pension from,the exchange was an- O e e “r‘l’e‘l:dx“d‘hswm N of both companics. Durant of | Dealings in the mining shares fell oft | nounced at the opening this morning. |, Nevy, OTeings included " 315,000,000 Deliware, alao was ‘weak. Sypteciably,_fend ithe Sgenersl idlimons Caroline coupen motes At 1003 to nterest was attract the new | tion here was to take pro - o 70 GE BEOING Ciares o8 Mo |ever Svilianie Goldfield Florence| BAR SILVER QUOTATIONS. §':.‘f ,",’,’.,”::..f"\’iz‘i.e’e’fl?.‘?'%‘i'in'“éfifi. k of "Roamer Motor Car Com-|and Goldfield deep mines displayed| | oNBON' Jume 25.—Bar s silver, | poration gold notes at par, $12,000,- pay. This stock made its appear- | the usual amount of activiyy, but|y 3N T0M" (Ul Money: 1% per |boo tomyoar 6ig mer cont Paca ooil ance on the tape for the first time ! price changes were inconsequential. | nt. 'Discount rates, short bills, |Company ®old motes at 99 to yield 23-16 per cent. Three-month bills,|63-5 per cent, and $3.500,000 twenty- year 6 per cent A. 1. Namm & L NDW Y s : 2 Tee 2'3-16 per cent. ‘Son NEW YORK, June 25.—Following 15| 2 Teck Hughes NEW YORK, June 25.—Foreign bar |mortgage bonds at 99 to yield 6.10 flicial 1ist of bonds and stocks & Tonopah Divide. Home Furniture 8% First Trusts 8% iflw I | .58 : Traded I on ‘the New York Carb Sars| 3 Townah Exiens L% eflver, 64%; Mexican dollars, 48%. |per cent. ki 10day: e : A Fevvvvh)‘Vllore First Trusts Salox In BONDS. e They Last Goriants e Cige. | : 3 $1500 to $2500 rom 330 to $300 on D. C. real estate, S )\‘::‘ (‘unnx Qi 6 9 All Papers Furnished household goods_or chattels. 7 per Am Gas & Blec o J pHess S ceat interest. No'brokerage’ clarged. ity '| PRICE OF TOMATOE William P. Irvin ||| @t 2 S o s ; Am Thread Co b 1014 | 1410 G St. N.W. " Room 211. 921 1508 St. R o conda 6s. T Arm & Co Del 514 & Assd Sim Hd'e ] Beth Steel 70 an Nat Ry Eq I Can Pac os D! .- 0% | Shortage in Supply Reported To- "ons Gas Balt 6s 2% 102y 8y 04 Phone Main 3908 Systein Lopyrightsd & Patent Pending. u* AGAIN GOES HIGHER 108 INCORPORATED y ‘ :s. INVESTMENT/BANKERS ;| } 107 day in New York Markets. 15 Detroit City Gas 7 Detrolt Edison 6. Dun Tire & Rul Z Federal Sugar 6s 4 ¢ ANNOUNCING THE OPENING OF;OFFICES . AT 1417 K STREET Funds in FIRST MORTGAGES The Safest Security on Earth Every mortgage is less than 50% of the ready market value of the property 1. Absolute Safety. 2. Reliable Security. 3. Liberal Income. 4. lnmrln.ce Against Loss. Protection Against Depreciation. Prompt Payment of Interest. Repayments of Principal in Full at Maturity. Convenient Denominations—Write or Call for Information WILLIAM S. PHILLIPS First Mortgage Investments 1409 N. Y. Ave. N.W. Main 4600 Special Dispatch to The Star. 071, | NEW YORK, June 25.—The sea- a7% | son’s first shipment of Orange county 053 | green peas arrived on the market 1% (this morning, mostly of ~ordinary WASHINGTON ON MONDAY,\THE~TWENTY-FIFTH ‘OF JUNE quality and condition, but realized 100% | $3 per bushel basket. AN OLD INSTITUTION now in its NEw HOME The F. H. Smith Company is now located in the New Smith Building—a Washington’s Oldest National Bank fitting symbol of the growth and pro- o ressive spirit of this old Washington Go Where You Will . r o1 Receipts of lettuce were compara- 93y, tively light. Demand was moderate 1 100w | for fancy, well headed, clean stock, 10317 | but extremely limited for poor to 8714 | ordinary. Saies ranged from $1.25 to 08y, [$1.50 per crate for best stock, while 98y | Some poor stock sold as low as 50 99% [ cents, and a few small lots of fancy & | brought as high as $2. 555 | puThe market held fairly steady for 101% | bunched celery, especially of large 102% | size, but was slightly weaker for 2 celery in the rough. Receipts were Io4 |light. Bunches containing one dozen 2% |stalks sold from $1 to $2, de- pending on size of stock. Two third crates containing from 7 to 8 dozen stalks sold from $10.50 to $11 per crate. Onions from New Jersey are stead- 1ly increasing, with the demand mod- erate for fancy stock. Sales ranged, per bushel hamper. Red, $2.50 to $: wWhite, $2.25 to $2.50; vellow, §2 to §2.2 The demand continued to exceed the | 1904 | supply for tomatoes, and prices again gECIE R ‘tos | advanced, particularly offerings of & EwimtCent Oie 10043 | fancy quality and good condition. <l S i “# | Mississippl crates containing four . TaCAEDS OISR quart baskets brought mostly $3 for 1 Anglo Am 0il 10 Buckeye Pipe Li 20 Eureka Pipe Line B Sig Ofl ... 59 Humble 0 & R new 1+ Tlinoix Pipe Line... ) Imp! Oil of Cana , UNDER+THEXMANAGEMENT OF = F. LEONARD;SIBLEY,\R. BAMARSHALL and!E. R. KENNEDY - Telephones Maimnt 5786, 5787, 5788 % 3 Pub Ser of N J 7s.. 1 19 Pub Ser Elec Pow 68 1 Shi en Ts . 1 —on your summer sojourn, OUR TRUST DEPT. will prove a most satisfactory business agent in your absence. qunfcrence with our Trust Officer about this feature of our service will point the way to a more thoroughly enjoyable vaca- FOREIG 1 Argentina 7s '23, 17 King of Nether Built on the bedrock of character, ex- perience and strong financial resources, The F. H. Smith Company enjoys the confidence and patronage of a nation- wide army of investors. - fancy stock, while South Carolina offerings in carriers, six four-quart baskets, sold from $6 to $7 per crate. CALL MONEY STRONG. NEW YORK, June 25-—Call moner, Dean, Onativia & Co, Stock Exchange Building ew York 1 Pet Co L { Its new home in the heart of Washing- 10 N Y Transit. strong; high, 6; low, 5; ruling rate. 6: ) = tion, and in no way obligate you. . : . - 4 : STOCKS COTTON e o SRS 'f;lni‘rfsé”fiérle'i?; Orgxdised Anf1Sle Travelers' Checks—Safe Deposit Boxes ton’s financial district is dedicated to : i gg#lg% ces, 41; ti 1 , Bt y: ¥ e " . . Coliateral. 80 to 50" aays, 4aus: 4 10|l Our Savings Dept. Pays 3% Compound. Interest safe investment and to the continuance BONDS SUGAR 6 months, 65; prime mercantile pa- v 4 = 2 SO e e per, 5. g 6 o of its 50-year record of no loss to any investor. MEMBERS, 1500 Vacuum Oil new. z e 1 NEW YORK TRUST COMPANIES. TODAY’S METAL MARKET. atfiona enopo tan a i New York Stock Exchange, éhxc\a oc%to!:?d E;f(c‘}rnndge 10 Equitable 192 192 12 | NEW YORK, June 25.—Copper = i Chicago Stock Exchange N. V. Produie i 3% 1NDEPENDENT OIL sTOCKS. - | Sie4Y elegtrolytic, spot and tutures. ||| Capital, Surplus & Undivided Profits Over $1,700,000 % F H SMIT CO | Associate Members of Minresioti o ge NDE N T o o b New York Curb Association Comme: 1 Bastimgton Ol 1 Rokthern 50 0045100 No. 3 mortn: 15th St,, Opposite U. S. Treasury—109 Years Old Jhe I, 2 H ’ = By ern, 28.50a30.00; No. 2 southern, 26.00. Lead steady, spot 7.00. Zinc quie East St. Louis spot and nearby, 5.7 Antimony spot. 6.90a7.00 FOREIGN EXCHANGE. June 2, 18, 130 pm. Our First Mortgages WASHINGTON OFFICE: Main Floor, Woodward Building Office Open Until 5:30 P.M. Phone Main 2040 ounded 1873 FIRST MORTGAGE INVESTMENTS SMITH BUILDING 815 FIFTEENTH ST. eate. 2 Derby 0 & Ref w | (Quotations furaished by . B. Hivbs & Co.) R A Catisan Nianager Nominal Selling checks gold value, . 4.8665 00 100% Safe Since 1869 EXTREME safety for invested funds has always formed the foundation for our First Mortgage Notes. Every precaution necessary to assure complete protection of principal is covered by defi- nite safeguards, drawn from the wide ex- perience of over 54 years of successful { By the Assoclated Press. investment Semce. Prague, 4 | Warsaw, Copenhages Exempt from Federal, State, Manicipal and Local Taxation $45,000,000 3 Phillips Pet new . 8 Ros Can Oil & Ref 5 NEW YORK, June 23 —Forelgn ex- 2 5 salt Ck Cons changes irregular. (in # Salt Ck new... United States dollars): Great Britain, Through more than -half a century, Ten-Thirty Year demand, 4.611%; cables, day bills on bank demand, 6.18; cab every dollar of interest on Notes offered by us has been fully paid on the day due. Federal Land Bank 4:% Bonds a d. .0445; cabl A 1 = : EEineEe - S glum, demand, 0528 052815, Invest your funds in Swartzell, Rheem x)ntsTRlfllf;‘ Germany, demand, .000008% & Hensey Company Nof and assure o Fabrie wid 101+ .000008. ' Holland, ~ demand, 7 ! mt' S 2 Dated July 1, 1923 Dos iy 15t 083 A Gas & Eieo btd 0% Ry Nomay Jemana, teer, {iomelf maximum protection, substan Not redeemable before July 1, 1933 A meieesai = mand, " .1781; " Switzetland, . demand, interest return and complete invest- 22% Ar & Co of Del ptd F6is Borden & Co pfd.. 1028 2 BrivAm Tob Cou.. 228 .1784% : ‘Spain, demand, .1483; Greece, ) fon. demand. .03i7; Poland, demand, ment satisfact .000009%; Czechoslovakia, demand. .0299%; Argentina, demand, .3562; Braail, demand. .1085; Montreal, .97%. EQUITABLE terest ble January 1 and July 1 at any Federal Land Bank or Federal Reserve Bank. Principal payable at the i areBsupkay:( lss’ne. as:aon n{d iegisteuc{ bonds (interchangeable) in denominations of $10,000, $5,000, $1,000, $500, $100 and Redeemable at par and interest at any time after ten years from date of issue. Swartzell, Rheem & Hensey Co. | 727 15th Street Northwest ! ‘Washington, D. C. 1 130 95 13 13 s ROt 88 The Sapreme Court of the United States has upheld the constitutionality of the Act creating the Banks and exempting these Bonds from Federal, State, municipal and local taxation. e Dbt 2 T B Son Share pra 8 Co-Operative Building Association Organ:zed 1879 434 YEAR COMPLETED Assetn ... Surplus’ .00 Systematic Saving —i8 the most effective me accumulating money. esul ave ed this fact. Join the Equi- e tmantars oimite Rv mplish in a financial way « b Glen Alden o 5 Goodsear Tire 2 2 Haoa M A Tpe pt 0f T i 54 Years Without Loss to an Investor Operation: In five and one-half years of active operation the 12 Federal Land Banks have been built up until on May 31, 1923, their Capital was $39,808,297; Reserve, $3,403,000; Surplus and Undivided Profits, $3,741,105; and Total Assets, $787,750,071. All twelve Banks are on a dividend paying basis and every bank shows a surplus earned from its operations. 2 Rosenbaum Gr Corp 5 Btutz_Motor 1 Tob Prod e: 3 Todd Ship % Under Type . 2 Un Pft Shar ner Acceptable by Treasury: These Bonds are acceptable by the United States Treasury as security for Government deposits Including Postal Savings Funds, Legal for Trust Funds: The Federal Farm Loan Act provides that the Bonds shall be lawful invest- ments for all fiduciary and trust funds under the jurisdiction of the United States Government. They are eligible under the laws of many of the States for investment of all public and private funds and have been officially held eligible for investment by savings banks in 36 States. ‘The United States Government, as of M:i; 31, 1923, owned approximately $3,000,000 of the capital stock of the Federal Land Banks. The Farm Loan Associations, during the year 1922, acquired approximately $8,500,000 of Federal Land Bank stock, 25% of the proceeds of which was used to retire stock owned by the Government, as required by the Farm Loan Act. The United States Treasury has and now holds over $100,000,000 Federal Land Bank Bonds. While these Bonds are not WHO SELLS THE MORTGAGES? i Un Retail Cand; US L West Subscription for the 85th Issue of Stock Being Recelvea Shares, $2.50 Per Month £ 2 * ||| EQUITABLE BUILDING e e i T 915 F St. NW. When you buy diamonds, the character and reputation of the jeweler count most. You submit your judgment to his as to the quality of the stones. 10 Boundary Red Moun . 10 Butte N Y.... 130 2 When you buy mortgages, the ent obligations, and are not guaranteed by the Government, they are the secured obligations ‘:‘: GomEona temp of a8 m:.i' :T.i’.’,-:‘.’:;,,’.’::,, character and the reputation of the of Banks operating under Federal charter with Governmental supervision, on whose boards of direction 2 % mortgage house count most. With the Government is represented. 10 pouread e - %" | First Mortgage Loans e a long record for safety and faithful ] 130 Goldfield Develonm . % |Towest Rates of Interest and Commission. performance you are safe and your 5% Goldfield Deep Mine .10 a8 Prompt Acti , y deral co-operation with and on behalf of ¢ 5 01 reel o = = of a 3 OUR FIRST MORTGAGES 00%% d I / : nterest, to yield over 4.45%, st il 10%-Ten Per Cent--10% Century ; Price 1 4% an s 3 Tnaependenee 4 :fi“ High-grade real estate mort- Without S fi“; f,uhri:a“d ‘;’;' e hour to the redeemable date (1933) and 4%% 4 1 Jerome Devel . o 25 gage mnotes, secured by im- money, an ether we keep them thereafter to redemption or maturity 10 Kewazne Miat a o proved income producing a Loss or sell them, they must be safe. No 3 10 Marsh Mines' el property .in best northwest | investor has ever lost a dollar of 10 Mohiean Cop o1 el section. Denominations of inci; i in thirt; = = 50 Nationar Tin AL “as 5 2 principal or interest in thirty years. < ~ ™ Dematen e | ?c'eoogo:":‘:nfe?iogte w;" :‘c"' ’ A time record like this is conclusive. -Alex. Brown & Sons Harris, Forbes & Co. w Jersey Zine. 150 160 1 sale to re- | z 1 TIiEhc 8 B 'R | cam the davestor Ten' Per Brown Brothers & Co. Lee, Higginson & Co. i 11 Nipissing 3%l Cent (10%). 2 £ : B oneiom B Address Box 305-, star oice B F S AI ]L CO The National City Company Guaranty Company of New York : 04 0 . . 4 / b kit mmmufi.fl—mfifiluwummnufluu@-umu 1. +30 8ilv_Queen Min Co . 10 Silver Min of Amer . 10 Silver King Cc 5 10 Silver Picl 420 Spearhead Main 2100 1412 Eye St. N.W.