Evening Star Newspaper, July 12, 1923, Page 29

Received by Private Wire BY WILLIAM F. HEFFERNAN, NEW YORK, July 12.—The Cuib Market started in today active, cover- Ing prices were noted in some volume reflecting the opinion of recent short sellers that the address of the Brit- ish premier would have a stimulating effect on the markets. When the speech was made known half hour before midday it was quickly seen that earlier impression regarding it had been wrong. The Tise was promptly checked and trading became dull “again, Oil shares were stimulated for & time following the publication by the American Petroleum institute of the estimated production of crude oil during the week ended July 7. Al- though the decrease in most dis- tricts was only slight, the significant thing was that concerted efforts at curtailment of production were meet- ing with some success. Standard of Indiana ran up anoth- er half point or so at one time, and Standard of Kentucky, Eureka Pipe NEW YORK. July 12.—Following is an official list of bonds and stocks traded in on the New York Curb Mar- | ket today BONDS High ackers Ss Alum_7s new '83.. Am & Elec s 3 Am Lt s w't war Am Roll Mills 68 Am T & T 8 Anaconda 8 Anglo_Am 0il Ar & Co of Del Asso Sim Hd'e AtG& WIS eth Steel Ts Nat Ry Can Nat Ry 3 Chi Rock 1 & P Cit_Rerv 7s D. Cleveland_ Amo ®s.. Con Gas Bal 5148 F Con Gas Balto Cons T Detroit Federal Federal Fisher Body 8s 5 Fisher Bod Fisher Bod Gair Tobt < Hood Rubber Kennecott_Cop Libby MeN & L i Sannavnli oR1y 10813 94 90%, 10108 - ¥ S Morris & Co at Leather Sx.. ew Orl Pub Ser Ohio Power ox B Phila_Eiec 83 5 pub Serv of N J . P 8 Elec Power 6% Kears-Roeb T8 2. Shawsheen I8 - Bloss.Bhefr 6s Southern Cal SONY N Y Bl un Ol 7 in Oil 8s. Swift & Co n_ Tn Ry of Hav 7' FORT Argentina King of 20 Swise Gort oias 238 3T S of Mexico 5. . 3T% fales STANDARD OIL ISSUES in units. 8 8 8 s s s N BONDS 100 ther 6s.. 1001, 1455 18 10 145 S 1 160 9815 1 200 Hum Oll & 20 P L .. 30 Indiana P T 3 )0 Tnter'l Pet Co Lid 20 Magnolia Pet 1 100 Ohio Ofl new 58 130 Prairie Oil & Gav 1% o8 390 Prairie P L % «...10 South_Penn Ol 17300 $ 0 Ind U R % 300 5 0 Kentucks. . i 2008 O N ¥ new 3 300 Vacuum Ofl mew.. 44! Sales INDEPENDENT OIL STOCKS in Lundreds. 8 Ark Nat Gas 10 Big Tndian Oil 1 Boaton-Wyo Oil.. 3 Carib Syad 3 Cities Service pfd 1 Cit Sery “B" cfs... 80 Creole Synd Gilliland Oil .. n Rock Oil Gulf Oil of Pa Humphreys_0il Interstate Royalties Kerstone Ranger Kirby Pet...... Niaracaibo 01l Mex 0il Mex Panuco . Midwest Tex Oil Mount Prod o noock Oil Ry Can Ol & Tet Ryan Con - € Ck new CINSETSE 9% PR JVEL [0 P Santa Fe 0 & G Seaboard Ol Bou States 0il Turman Ol .. Wilcox 0il & Gas INDUSTRIAL Acme Coal new 2 Ar & Co of Del pfd 8 Borden & Co 16 Brit-Am Tob Cou Brit-Am To Co reg Brit_Inter Corp A. Bkisn Cits B R... Buddy Buds .. Chicago Nipple Chic Nip B trust... 3 Dubilier C & Radio Durant Mot 28 Eaton Axle Sillette S B 5 Glen Alden Coal Goodyear Tire ... Hud & Mann R K Inter Contl Rubber. Midvale Co Nat_Sup Co of Del Y Tel Co pfd Radio Corp ... Radlo_Corp ptd 3 Reo Motor Rosenbaum South Rell Switt Intl Swifts & Co Tob Prod Expts Union Carbide . Shoe Mach Cor B et U S Lt & Heat pia Yellow Taxi C N ¥ MINING Arizona Globe Cop. Belcher Extens 3 Butte & Western Canario_Copj 10 Candelaria ) 4 C CM tmp efs 71 Cortez Silver 2 Cresson Gold 3D Eureka Croesus 40 Fortuna Minex 10 Goldfield Developmt 150 Goldfield Deep Mine 149 Goldfield 0 Bo ] 87n 14 10 315 Bt 154 Corp 4T, o 1018 1085, 101 I n Gold State .. Harmill Div Hill Top Holilnger Homestake Exi Howe Sound. Ind Lead UK Iron Blossom Kewanas Mining. 10 evada. . E Y 20 iplssing 158 Ohlo Cop 1 Park Ttah Min. 2 Premier Gold Min. 7 Ray Hercules Inc. 20 Red Warrler . __30 Rex Cons REPORT SHOWS BIG * WHEAT SUPPLIES Stocks of wheat in country mills and elevators in July were estimated today to have been 36,458,000 bushels, compared with the revised estimate of 28,756,000 bushels on July 1 last year. The estimate, issued by the Depart- ment of Agriculture, is being used by the unofficial conference which is considering the wheat situation. Combining the stocks of wheat at country mills and elevators with those #eported by the Department of Agri- ‘culture, as the stocks on farms July 1 and ‘commercial statistics of the quantity in store at terminal eleva- tors, places the quantity of wheat on hand July 1 at about 101,000,000 bushels as compared with 81,000,000 busbgls & yoar ago, 2 {nessee and Kentucky. i net i ber | | Direct to The Star Office Line, Prairie Oil and Gas and others |of this group were inclined to do better. | "“Crecte syndicate .was active, but with little change in quotations. Sea- board Ofl and Gas was traded in | around “the Wednesday prices. It was reportea that the company had | brought in a large well on its Luling fleld, in Texas, although officials de- clined to dlscuss the report. Rumors were also current that Maracaibo is soon to he transfered to the New York Stock Exchange. Independence Lead, Goldfield Flor- ence and Ohio Copper were conspicu- ous in the dealings in the mining section. Activity In the former was based on reports that the company |had recently uncovered a valuable ore_body. Changes in the industrial section were slight. Chicago Nipple A and B were prominent for & time, the former getting up to a new: top for the present movement at b. while the latter advanced fractionally. Earnings of the company indicate an early liqudation of accumulated divi- dends on the class A stock 10 St Croix Cons. ... 20 Sl Kin Div Mns re . 1L So Am Gold & P... 20 Spearhead Gold 40 Tech Hughes . E 0 Belmont nopah Extens i Eastern Un Imperial Mines 6 United Verde Ex U'S Cont new w i . Unity Gold . Utah Apex Wenden Copper West Utah BOSTON STOCK WARK BOSTON, July 12—Followin ) ng is a list ‘;5,;.:"“}""".““""‘" lowest and closing s for the t activ s Prices | most active stocks dealt Low. Arizona Boston & | Boston-Ele Connor J Copper Range East Butte Eustern § S Island Creek Mayflower ¢ ¢ Nat Leather ew Cornelin Isixinwen North Butte 0ldDominion Mills St Marslund Shoe Aueh id Swite & €0 Swift Tnternationai Ttah Apex | Ventura” On Waldorf . Walworeh Warren Bros Wolverine RAILROADS ORDERED TO CUT HOG RATES I C. C. Also Changes Shipments From Carlodd to Basis of Weight. | | Railroads were ordered by the In- terstate Commerce Commission today to reduce by from 5 to 7 per cent {rates on hogs grown in southeastern states and destined to packing plants in and around Fort Worth, Tex i The new Auhedust will become ef- fective October 3 ‘and wil] apply on all shipments originating in Florida, Alabama, Mississippi, Louisiana, Ten- Former rates were made on a car- load basis for hog shipments. The order today altered this and instruct- ed the railroads hereafter to fix the charges on a weight basis. TODAY’S COTTON PRICES. Good Weather Reports Cause Sell- ing Early in Session. NEW YORK, July 12—Cotton fu- tures opened steady. July, 26.9 October, 23.60; December, 23.13; Jan- | uary, 2 March, 22.82. The market opened steady at a decline of 4 to 14 points in response to easier Liverpool cables and a fav-j orable view of the early weather | new: No notices were reported. but | July eased off to 26.80, and activ months generally sold 10 to 14 points | lower after the call. with Oc declining to under Wall street and southern selling | NEW ORLEANS, July futures opened steady. October, 22.8 December, uary, 3; March, 22.45. Warm and dry weather over the belt caused selling on the opening of the cotton market, under which prices fell 11 to 16 points to 22.85 for Octo- ber. The continued strength of the foreign exchange market, and ex- pectations of favorable reparations developments caused a new buying | movement, and at the end of the first hour of the session prices were | 6 to 14 points higher than the close of yesterday. with October up to 23.15 NEW YORK. tures, 11:45 am — 26.92; Octobe: January, 23.01; NEW ANS, July 12.—Cotton futures, 11 am.—Bids, quiet. Jul 26.65; October, 23.04; December, 22.7 Januiry. 22.70; March, 22.60. NEW YORK, July iz quiet: middling, 27.85. closed firm: _July, 23.91 to 23.94; December, January, 23.12 to 23.1 to 23. Julyg 12 —Cotton fu s, steady. July, December, 23.32; . 23.00. Spot_cotton | otton futures 0; Octobe 23.42 to 23.4 Marc LIVERPOOL COTTON. | LIVERPOOL. July 12—Cotton, spot limited demand: prices casier; good middling, 16.02; fully middling, 15.92; middling, 15.77; low middling. 15.52: good ordinary, 15.02 Sales, 5.000 bales, American. Receipts 1,000 bales, no American. Futures closed very steady. July, 14.84; September, 13.79; Octobe: 113.24; December,12.84; January, 12.66 March, 12.53; May, 12:40, % CHICAGO BUTTER PRICES. CHICAGO, July 12.—Butter—Stead; r;zi:lpt:, 1d0,79dl l\;h!; creamery extras, 373 standards, 37; extra fi 3533; seconda, Sass. o Trowe ke Eggs—Recelpts, 13,838 cases; changed. EARNINGS SHOW GAIN. NORFOLK, July 12— Estimates place the gross earnings of the Se: board Air Line railway for the first three weeks of June at $3,000,415. This is an increase of $265,108 over last vear. In June car loadings to- taled 41,830 against 38,468 in the same month last year. During the month Seaboard moved 142,484 loads compared with 127,892 in June. BAR SILVER QUOTATIONS. NEW YORIS, July 12.— o RO Iy 12—Bar silver, . July '12—Bar sl 30%d per ounce. Money, 2% e cent. Discount rates—Short © bills, 34 per cent; three-month bills, 38 per cent. ————— CALL MONEY FIRM. NEW. YORK: July 12—Call money firm: high, 5; low, : ruling rate. b; closing bid, '5; offered at 5%; iast loan, 5; call loans against accept- ances, 4%; time loans firm; mixed collateral, ‘sixty-ninety days. b5ab four-six months, 6abl; prime com. mercial DADers & 3 un- IS THE EVEN FAKE ORDERS SENT TOWALL STREET Scheme to Boost Seuthern Pacific Fails—Fourth Fraud in Six Months. By the Associated Prass, NEW &ORK, July 12—Fake buying orders for Southern Pacific railroad stock were distributed among a number of brokerage houses in Wall street this morning, but the fraud was discovered before the market opened and none of the orders are believed to have been executed Opening transactions in the stock were delayed. Only three sales at 5%, 853 and 853 were recorded in the' first half hour. The stock closed last night at 85%. The fake orders were turned over to stock exchange authorities, who are conducting an in- vestigation. This is the fourth time in the last six months that fake buying orders have been circulated in the financlal district. While the identity of the ~ul- prits has not yet been discovered, the frauds apparently were conceived by speculators who hoped to profit if their cheme was successful REPORT OF TH of tre WOODRIDGE-LANG- DON SAVINGS & COMMERCIAL BANK, Washington, in the District of Columbia the close of business June 30, 1423 at RESOURCES Loans and discounts Overdratta Other bonds, atocks. securities, . Banking house, 00: fur niture and fxtures, $3.781.20 . Cash in vault and amount due from national banks Amount due from state banks, bankers and trust companies in the United States (other than included in item 10} Total of items 10 and 11 £30.050.78 Checks on banks located out side of city or town of re porting bank and other cash items. £131.614.8; 136.7 24.303.61 1.02 Total .954.08 LIABILITIES T. Capital stock paid in . Surplus fund ... Undivided profits Amount due to national hanks Certified checks outstanding . Cashier's checks outstanding Total of items $50,000.00 10.000.00 2,080.21 1, 23 and Demand " deposits bank deposits) pasable within 30 days) Individual deposits subject to check ST . Other demand deposits Total of demand deposits _(other than bank de posita) items 25 and 30 ... $105,084 16 deposits (payable 0 days, or subject to 80 days or more motice) and postal savings Certificates of deposit (other than for mobey borrowed) Other time deposits Total of time de posits. items 31 and 33 3: Bills pasable (ncluding all ob ligations representing m rowed otber than nts) 24 $25.000 58 (other _than (Depostts 44.401.51 Total I EPPA L 3 cushier of the wmed bank, solemnly Swear that the gbove statement is true fo the Lest_of my knowledge and belief. A L. NORRIS, Vice Pres. & Cash sbscribed and sworn to before me this 10th of July, 1923 (Seal)) HUGH_W. BARR Notary Public Corre 0. Bull Robt. 8. Campbell Clyde L. Miller Thos. & Heuderson, pa L. Norris. 3. Symons, A < SEVENTH STREET SAVINGS BANK At Whshington, in the District of Columbia, ot the Close of business Juoe 80, 1 dis including unts, 8¢ ances t er bauks and cign bills of exchange o arafts, sold with indorsement of tiis bank (ex cept those shown in b and c $1,126,301.74 91.31 38.400.00 160.609.77 Total Overdraft nusecur government. owned : Other bonds, stock: lonus secured, $68, $24.74.. securities securities ete. ....... 2 Banking house, '$43,765.81: Turniture and fixtures. $4,325 £ mRmtas e 48,110.61 Cash fn vault und awmount due from national banks 44,561.58 hanges for clearing house 88.736.62 al of items 10 and 12 ........383,288.18 Checks on banks located out Side of city or town of re porting _ bauk and other cash items. ......... 10. 1 14, Total ..$1,438,631.5: LIABILI Capital atock’ paid in Sufpins Tund. ool Tndivided profits. . $17,800.72 # Reserved for fn torest andtazes $50.000.00 6.000.00 335, Certified checks outsanding . Cashier's cliecks outssnding: . Total of items 23 and 24 .. s $8.773.47 Demand’ deposits (other than ‘bank deponits). (Deposits payable within 30 days): . Tudividual deposits subject to . Certificates of deposit due in Jess than 30 davs (other than for money borrowed) . Dividends unpad....... Total of demand deponiis (other than bank_deposits). items 26, 20 and 29.3358,010.46 . Certificates of deposit (other than for money borrowed). Other time deposits......... Total of time deposits. ftems 31 and 38 -$708,040.87 rict ok Colu i ot Columbla, DUt ORN. D. HOWARD, abovenamed bank, solemniy mwear that the $bove statement s ‘irie t the best of my ‘and bellet. knowledge 824 PG HoWARD, Treasurer. Subscribed_and eworu' o before me this th day of July, 1923, “(M‘l.’) H. P. HOWARD, Notary Public. Correct—Attest: AUGUST H. PLUGGE, JOHN F. WEYRICH, JOSEPH B. THOMA ALE. H. PLITT, JOHN J. KOLB, J. W. GREGG, T = Continental Trust Company Capital One Million Dollars CITIES SERVICE SECURITIES Bought, Sold, Quoted THOS. W. BRAHANY & CO. Investment Securities 510-11 Evans Bailding ‘Waskington, D. U. " Main 6180 50.900.00 | ! i i i 1 | i i INSURANCE FIRM MAKES MANY HOUSING LOANS NEWARK, N.,J, July 12—During last month the Prudential Insurance Company loaned throughout the country’ nearly $8,000,000 on dwell- ings and apartment houses which will REPORT OF THE CONDITION OF THE CITIZENS SAVINGS BANK. At Washington, in the District of Columbis, e close of business June 80, 1023, RESOURCES 1. 2 Loans and discounts, includ ing_rediscount captances of “other banks. and foreign bills of exchange or drafts, sold with indorsement of this bank (excent thoxe shown in b and c| 20,59 Total loans.. 4.U. 8. government owned ... ©. Other bond: ete. . Banking furnity BTGNS G ac . o . Cash 'in vault and amount due from national banks.. . Amount due from state banks. bankers. and trust companies in_the United States (other than tncluded in item 10) 2. Exchanges for clearing house Total of items 10. 11 and 12 $135,700.34 stocks, securities, house, " $163,007.08 wnd” Bxtures. side of or town of porting bank and other c items . A 6. Other anset: Earned i Sundry Metal banks LIABILITIES Capital stock paid in Surplus Tund 5o ..o 1 Urdivided profi $17.379.2 Amount_due to state banks. nkers and trust comi uies in_ fhe United ‘Sta and foreign countries Certified” checks outatanding Cashier's chiecks outatanding Total of items 2 d 24 $16,411.18 and deposits (other tnan bank deponita). _ (Deposits parable within 30 dar) Individual deposit subjec check Certiticaten ‘of deposit due in lesn than thirty' dass (other tian for money borrowed) Dividends unpaid Totl of wemand deponiia (ather Lank depositsr me : and De 4,02 601170 £618,6: e deposits (payable 30 days, or subject t days’ or more notice) postal savings . Certificates of deposit (other than for mones borrowed) Other time deposits “Total of time depusita, items 31 and 33 $416.970.50 $1.319, umbia, Cirv of Washington. T, treasurer of solemnly swear thut Total District of ¢ 1. FERN above-named ok, ' NG _STAR, WASHINGTON, 608.597.33 | above statement in tiue to the best of my | kuowledge and_belief. FERNAND PETIT. Treasurer Subacribed and sworn to before me this 111k day_of July, 1 (Seal’) HARRY HUE. ¥y Public Correct—Attest e I HOLIL It Home Furniture LOANS om $50 to $300 on D. C. real estate, houseliold wouds or chattels. 7 per cent interest. No brokerage charged 'Come in and let us expiain our method of makiug wmall loans. ‘Commercial Loau & Finance Corporation Room 211, 921 15th St. \.W. S3aten Copyrighied & Putent Pending. An established Institution that has mnot yet experieaced its tull growth has decided upon the advisabllity of increasing capltal stock, and it offers to n limited number of persons an unusual opportunity to par- ticipnte in fts prosperits. Thix inatitution has paid dividends on both preferred and common stock continuously since organ- tsation. No brokers. Address Hox 70-Y, Star Office EQUITABLE Co-Operative Building Association Organ:zed 1878 43¢ YEAR COMPLETED Assets .. .. 84,750,762 Surplus -$1,207,281 Cultivate the Habit of Saving If you would save With the beat its. join the Equitable and save stematicaily. Subscription for the 85th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F §t. NW. JomN JOY. ED: Preat FRANK P. REESIDE, Secy. have ‘on hand several choice % Loans 1 for $6,000 1 for $5,500 1 for $5,000 1 for $3,250 All bearing 7% interest and run for 8 years. In denomina- tions of $250 and up. Chas. D. Sager 924 14th St. NW. Loan Department very Experience—It Pays— Over a Quarter of a Cen- tury Specializing in the Management of Rental Properties. RENTS B.F. SAUL CO. Mortgagé Loans 1412 Eye St. N.W. Phone Main 2100 D. C.. THURSDAY, provide homes for over 2600 fam- | illes. Since January 1 this company | made loans totaling over $27,000.000, | by which over 9,000 families 11l be | housed. This is $7.000,000 more than | in the first six months of last year. JULY 12, 1923. Money to Loan Becured by first deed of trust on real estate. Prevatling lnterest and commission. Joseph 1. Weller $3 HARRIMAN & COMPANY Members New York Stock Exchange | 111 Broadway, New York E‘ | WASHINGTON OFFICE COLORADO BUILDING Telephone, Main 1603 G. B. CHIPMAN, Resident Partner Save and Invest T'he purchasers of our First Trust Real Estate Notes lock them in a saie deposit vault' and forget them Nothing to watch; nothing to worry about; no fluctuation of value. SAFE INVESTMENTS WIDE MARGIN OF .\‘I;'C('RI'/')". Paying 6 and 615, (PAYABLE SEMI-ANNUALLY) Shannon & Luchs First Trust Notes Built on a Straight Line of Return Not a Fluctuating Value Sold in Denominations of $100, 8300, $1.000 FULL INFORMATION SHANNON - &- LUCHS] Since 1906 "MORTGAGE DEPARTMENT 713 14th Street N.1V. WANTED Second Trust Notes \We have clients who have funds amounting from $300 to $100,000 for purchase of second trust notes. lLow rates if security is good Mortgage Dept. 713 14th St. Main 2345 FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF S00 DOLLARS AND UPWARDS Sandall TC 7@%& # o. 1207 Conneclical Shoence A Successful Investment Record HE proudest achievements of Swart- zell, Rheem & Hensey Company are its successful record and the many thou- sands of satisfied clients who have profit- ed as a result of safe investment in our First Mortgage Notes. We specialise exclusively in First Mortgages secured by high-grade, im- proved Washington property. There is no elass of investments that has a better record over a long period of years than First Mortgages. During the period that the Notes sold by this company have been outstanding, the country has passed through many serious financial and eco- nomic crises. In practically every other class of in- vestments, irvestors have suffered severe losses as & result of violent fluctuations in security but the First Mortgage Notes by us have always been worth what the investor peid for them. Swartzell, Rheem & Hensey Co. 727 15th Street Northwest ‘Washingson, D. C. FINANCIAL. ! FIRST MORTGAGES Every mortgage is less than 509, of the ready market vn.lue. of dxe_pr?perty and we have never sustained a loss on either principal or interest. . Take advantage of the present rate of interest and invest your funds now. Write or call our Loan Department and let us arrange for you to personally inspect the property. Denominations $100, $250, $500 and $1,000 WILLIAM S. PHILLIPS First Morgage Investments 15th and K Sts. N.W. Main 4600 MONEY TO LOAN ON DISTRICT OF COLUMBIA AND CHEVY CHASE, MD., RESIDENCES 5%, Intere H. L. RUST COMPANY 912 15FH STREET N.W. MAIN 6888 LLOAN CORRESPONDENT INSURANCE COMPANY THE PRUDENTIAL OF AMERICA 79, First Mortgage Notes Secured on Improved D. C. Real Estate Appraised by Experts of 35 Years’ Experience Without a Loss Offered in Denominations of $250 and Up A Good Investment. WILL PURCHASE First and Second Trust Notes Warehouse Receipts and Make Construction Loans National Mortgage & Investment Corporation 811 Vermont Avenue N.W. 62% and 7 % On Partial Payments HETHER you start with a partial payment of $10 or make an out- right purchase of $10,000 you get the same rate of interest under our Invest- ment Savings Plan. This plan offers you safety, convenience and the profitable returnsof 6/2% and 7% paid by our First Mortgage Investments. Denominations: $100, $500 and $1,000 Federal, State and'D. C. Tax-Free Features | NO LOSS TO ANY INVESTOR IN 50 YEARS Call, write or phone Main 6464 for the booklet describing our Investment Savings Plan ke F.H.SMITH CO. CHounded 1873 FIRST MORTGAGE INVESTMENTS SMITH BUILDING 815 FIFTEENTH ST.