Evening Star Newspaper, July 14, 1923, Page 21

FINANCIAL. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office WILLIAM F. HEFFERNAN. BY NEW YORK, July 14.—The market | on the curb exchange today opened | higher and the upward tendency pre- | dominated most of “the two-hour ses- slon. Taking the w as a whole, despite the rather heavy liquidation Which made itself felt from time to time and period of comparative dull- n substantial advances were re- for the ofl shares will fall to show any material increase in buying op- erations until more stringent efforts at curtailment are brought to bear. Standard Oil of Kentucky at today was up 4 points from the close last week. Prairie Pipe Line around 101 recorded a similur gain. Short covering In Maraicabo was large cnough to bring about slight im- provement in that stock. Ohio copper reached a new top for the nresent movement just before the | 90 THE EVENING STAR, WASHINGTON, D. C, SATURDAY, JULY 14, 1923. LIGHT RECEIPTS PUT BUTTER PRICES UP Further Imports From Holland, " Denmark and Argentine. Week’s Price Range. By the Associated Press, CHICAGO, July 14.—Light receipts of unsatisfactory hot-weather qual- ity butter were responsible for the REPORT OF THE CONDITION POTOMAC SAVINGS BANK Ot Georgetown, D. C. the close of At Wasnington, n the Distiict of Columbla, st RESOURCES. 1. aloans and dis- counts, including rediscount ceptances of other banks. and fore'gn bills of exchange or drafis, sold with indorsement of this bank (ex- cept thowe shown in'band o)... Am _ eatablished instiiution its full growth has d. the advisability dts enpital stock, limited number of persons an unuswal opportunity to par- ticipate in its prosperity. This institution has paid dividends on both preferred a stock comtinuously sinee organ- isation. No brokerw. Address Box 70-Y, Star Ofice 14th & H Sireets EIIIIIIIIIIIIIII n EQUITABLE Co-Operative Building FINANCIAL., GILT-EDGE SECURITIES " 7% First Mortgage Notes Secured on Improved D. C. Real Estate Appraised by E:rrts of 35 Years’ Experience Without a Loss fff Offered in Denominations of $250 and Up I A Good Investment WILL PURCHASE Becured frst deed 3 Pf'::lll:; lntnvl:.' l‘:fl““fl‘l.l‘fll e Joseph 1. Weller {30 Wash. 1 First Mortgage Loans Lowest Rates of Interest and Commission. Prompt Action Thomas J. Fisher & Company, Inc. items 10 and 738 15th Street 211,127.62 £ tieally L fAnanci 80,392 36 480,302. P i 528,408.87 | close. The increase in the demand |from the foreign and domestic urces resulting in a slight ralsing | of quotations during the past week | has stimulated activity in the market for conper producing stocks, but so far little change in quotations have First and Second Trust Notes Warehouse Receipts and Make Construction Loans National Mortgage & Investment Corporation 811 Vermont Avenue N.W. Spided ladvances of from 3% to 1% cents in the eastern butter markets during the past week. Many of the usually ther be fancy lines dropped in quality and| 6. Banking butter for storage purposes became furnit : very scarce. Competition to get top Real ehtate G ey i scores and later medium grades, when [ banking houw "buyers were forced to take poorer| " ‘from patin monnt due quality, forced higher prices on all ot due-from siate b ofterings, e United Blates other The =~ Chicago market was not than neluded 0) affected by unsatisfactory quality (0| Toml of the extent of the New York, Boston : and Philadelphia markets Tmports during the week included 500 casks salted d 500 casks un- salted Argentine; 500 casks Danish, &nd 470 casks Holland. = Late Danish offerings were too high to Interest American buvers. . Range In wholesale prices 92 score butter for the week were: Chicago. i unchanged at 37%; New York, in- crease, 11, at 39% Boston. increase, 1 at 3015 Philadelphia, increase, 1 at 40 Total loans. Overdratts, w 2 Other bond) c .. Association Organ:sed 1879 44 YEAR COMPLETED 84,750,763 $1,207,381 The Mosl Effective Method of Saving oin_the Equitable and save system- You will sccomplish more in & way than ever. Subseription for the 85th Issue of Stock Being Reecelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. NW. JOHYN JOY EDSON, President FRANK P, REESIDE, Seey. The latest fi on crude oil pro. due n in the ited States put out Thursday falle o bring about a bet- ter elir 1 de circles and 5 e ighily higher | “RUTCC In featured the dealings In Pprice r kS, the mot group, and maintained its The best oninion ia th the market | recent 2-point advance. 163,881.98 5,200.00 ey 1 | 1 Nat Leather S5 . 034 0% 18 New Or Pub Sery 5n 8814 3 Pur of N I Tn 1023 3 Tub Sery El Pow 6 07 |1 sonthern Cal Ed 8% HONDS SON Y Tx80.... 108 80N Y 0w 1083 17 Swift & Co fn ... 01 FOREIGN BONDS 4 Argentina Tx 23 .. 1004 2 Repubilie of Pert ¥x 08 3 Russ ¢ 54k 10 1 Swiss - 1003 STANDARD OIL ISSU NEW YORK Following is | 21,458.77 an official list « nd stoc! traded in on the New York Curb Mar- ket today thonsand on ‘banks Tocated ont- nie of Ty ar town of re. “ing “hank and other H. e ome Furniture LOANS rom $0 (o $300 on D, O, real eptate, e tokerens. "Xo. broksrage, enermed, o 3 Clet ' expisia oue metbod LIARILITIES MONEY TO LOAN . Capital stock” paid fu.... Surplus fund .. R . Undivided profits.’. 825,727,398 ON FIRST MORTGAGES in units 400 Anglo Am Ol UM e —_————— 24 h le in the "’\"‘"',‘(5‘ v;‘""" B, L half the peop wank depox'ts). - (Deposits ox.{‘\rfné}a"flver district in southwest payable within 30 dnys)s 100% Africa, are held in slavery Individual deposits. sublect to S414 2 a0 3 — check Commercial Room 211, 933 Interd et Co' Lid AT CURRENT RATES OF INTEREST Prairie 01 & Gas Dividends unpaid HEPORT OF CONDITION B i CONDITION : ix e i Of the REPORT OF TH * | FIDELITY SAVINGS STANDARD NATIONAL BANK 1 Caangton 10% . | CO:\IP\‘\\ : INC. “y’f.‘.“.: o ..f.f,..",";‘,‘,',’,,,,‘,",'{'" Washington, in the Dsnrl--}“:: 301?;%“: at the close of business on 1 Cities Nervice . 3 an C D138 s At Washington, in the District of Columbia. { g3 arher timme "depos RESOURCES. Wadington, Lu the 30, Tomal of't . & Loans and discounts, including rediscounts, ac- i 'k' Clties ‘NAr\I“- prd. 63y “-'vl COTTON CGNSUMED 2,000 St e so "‘:‘: 1% S ceptances of other’ banics and foreign bilix of ! . L b : « and ds- exchange or drafts sold with indorsement of INJUNE FALLS OFF| 4fzzfine i gt 2o gl | this bank (except those shown in b and c)...$1.161,602.4 Danks Burean or subject of more notlce) 1 savings = 1207 Gonneclicut (Bence 135.811.59 © 1,801,008 44 borrowed oter "t counts) Total loans ot - iy b e . Qverdrafts, secured, §132 $1,161.603 forelxn bills of =x District of Co > : hange o drufes, 1. B A BOWLES, Cashier of the abov . U. 8. governm sold with indorse: named buik, solemnly swear that the abo ATl Siher Tnited States Eovernment securitles ment of this bank statement ix frue to the best of my koowl- (including premiums fexcept th X edge and bellet whown fn b and ¢) §713.640.95 B. A BOWLES, © Costomer's liabil Cashier. account Subscribed and aworn to betore me this 10th day of July, 1923 NDES. 2K purchawed or i8eal) IRENE B. AR hvcountea by it 5 ; Notary Tublie. . Cash In vault and amount due from national banks. : 4 b torrect—Attest " Amount due from state banks. bankers and trust companies PR v A . . In the United States (other than included in items § 000.00 and 10) .. : s g Total of itema 10 and 11 7 8101,628.86 . a Checks and drafts on banks (including federai reserve bank) located outside of clty or town of reporting bank .... s 32, b Miscellancous cash ftems R Out portant Comparisons in Census Gives Im-} 0 Keverene 2 Lyons Pet atate Ranger. Safe Deposit Boxes The Seeds of Success TYOUR make-up does not include the seeds of success if you can’t save. Getting ahead means getting money in bank so as to be able to make use of opportunities. You're out of the running in case you can't build a bank balance with which to start, 42,000 Depositors Koyalt. Total ... . Other bonds. stocks, securlties, etc. . Banking house, $275,000; furniture and fixtures, $5 Lawful reserve with federal Consumption. ual Oil vot ofs 8 Omar Oll & Gax nn Beaver Ol Aur ok Ol 3 Roy Can 01l & Ret Total loans - TR Eoverninent” 5 Alphonse M. . oftue, &R M. Wile 1 Ntates O ... X 6318488 | D B ¥ armi o 1 ¥ n W. E. Freeman, Wilcox 01l & . 986.00 W. Shoemaker. Directors. from natiopal b . Amount due from siate banks, bankers and trust compa nies in the T than inc) cks on other banks in the rifug lruu Pipe 3 1 ing bani ! Nipple o 13 Chevks | > B truct f | ¢ & Radio 2 2077 INDUSTRIALS. ey 1 Am Multy; pl 221, 3 rit-Am Toy Cou.. 87 T Rrita 11 nddy PEERLESS COMPANY | AMED IN SUITS . Capital stock paid in.. 5 plus fund .. . Undivided profits $200,000.00 e First Mortgage Notes banks located out. 40,000.09 B Wus il Are carefully selected and placed on Sl " ateatute margin of safets. Action Against President Collins and Others Filed in Cleveland. 2 =5 % L The Service We Give 1, © Less current expenses, interes e 2 E i e e 3 e . Amount due to national banks . Goudyear Tire Incires prompt collecting aud e ARt dus 0 xtuts Detke ben 3 Lehigh Power see mitting of inferest. All detalls the United States and forel, ehig ? 9 9 2 : L S T gn countries (ulher tha 3 Lehigh Valley Coal : fously. aupervised, that the property cluded in item 22). LIABILITI 1e properls cared’ tor. adequatels in x 3 B i, Carttons aee ertified checks outstanding e e Titien’ faraisned withoat cost. Our || 725. Cashier's checks outstanding .. .. . . $55,489.58 experience extends over & period of Total of items 22, 23, 24 and 25. : v years without the loss of & single Demand deposits (other than bank deposits) subject to re- peuny in elther principal or interest. serve (depoxits payable within 30 days) N £ U 6. Individual deposits subject to check. otes of $250 Up to . Certificates of deposit due In less than 30 days (nlher than for $5,000 Now on Hand money borrowed) - O l'Tnd'fina;fimafl"E .'n (other than b: k'nn- Chas. D. Sager 924 14th St. NW. posits) subject to reserve, items 26, 27 and 31 _$548.894.73 © Main 36—Loan Dept. {This strong, old bank is backing the efforts of a large army of thrift workers, and invites you to become a de- positor THIS PAYDAY. Make the start—keep at it, and WIN. 11,201.70 $100.000.00 1 Radio Inrp pfd 0] 3 E profite. 3 Reo \Xntnrfi . 1 a s tonerved uly 14.—Rich- A 1t of the Pe and of its Truck italized at ympanies ectors are suits filed in | e vesterday by torney democratic | and Deposits welcome in any amount—Same Rate of Interest Paid on large and small accounts. erless Capital and Surplus oto rporation £20,000.000, MINING. Copper tion_and con tin - gencles. . those o 30 Ariz_ Glohe 60 Belcher. 5 Butte & Time deposits subject to reserve (payable after 30 da subject to 30 days’ or more notice, and postal savings - Certificates of deposit (other than for money borrowed) . Other time deposits Total of time deposits subject to reserve, 32 and 34 $532,718.43 . Bllls payable (including ali obiigations representing money borrowed other than rediscounts) . Notes and bills rediscounted, including acceptances of other banks and forelgn bills of exchange or drafts sold with in- dorsement of this bank. i Total oseo . $1 ‘Washington, Dist mbla, s8: L H. C.' McCENEY. cashier of the above-named bank. do solemnly swear that the above statement fs true to the best of my knowledge and bellef. H. C. McCENEY, Cashier. Reliability and & - ] aSubsceibed and aworn to betore ms tEix 15th aayiotsuly 1381 v is | (seal GERTRUDE E. CONLON, Notary Public. 2 One without the other (My commission expires August ol T o other | than, iy not Sufficient. 16, 1923.) ey, Dominio ted: First trus 2 s e P TIONY - Correct—Attest: 1 S i nanine 5 : S We Specialize in WISTON M. BALDERSTON, A. 8. GARDINER, I'S. D. SAULS, R. GORDON FINNEY, J. ROZIER BIGGS Directors. B.F. SAUL CO. Mortgage Loans 1412 Eye St. N.W. Phone Main 2100 and t officy and named defenda in © Lexs common pl penses and taxes pa items DIRECTORS: oodbury Blaic Willilam D. Hoover ames A Buckaran = Reginaid 8. Huldekoper it 4. B, Ca i cir Kaurmase V. Cox _ Charles Minshall 1. "Hosler Dulany, 3r. Edmund D, Theem E. dmonston Fraok Stetson Frankiin H. Ellis Frederick A. Fenning William i Prescott Gatley = Henry K. Wil stemsel OFFICERS: i WILLIAM D. HOOVER ....President WOODBURY BLAIR st V. Pres. FRANK W. STONE V. Pres. : FRANK STETSON Trust Oficer 11304196 1 GRS S EAbon Treasurer sorsz ||| B PERCIVAL WiLsoN:. secretary IREEAS ULLMEH, Asst. Sec, & Asst_Tr. BRECE BATRD bt Tront Omcer DAVID BORNET. Asst. Trust Officer | H. Natlonal Savings & Trust Co. Oldest Savings Depository in Washington Cor. 15th and New York Ave. (payabie after subject to notice) and Time deposits 30 days’ or Qays’ or more feld Deep Min 245,000.00 idtield Florence. ldfield Jackp ) Goldfield Oro ) Gold State 6 Hill Top 8 Hollinger ... 12 Hecla Mine ... 1 Homestake Ext. ... : i 0 Independence Lead 3 "hitla r ted, lossom ... 2 2 " “including acceptances of other 3 Jerome Develop banks and foreign biils of ex ) Kewanas Mining change or drafts sold with in- me Star 3 dorsement of this bank. . in £ himself ockholders fore o to Clevela two years Collins v dent of t Motor Car Com- pany of Detro ious to that time he had 1 leader in the Gene Motor One of the suits is aimed to compel Mr. Collins to return to the Peerless Motor amount al- leged to s of half a million s ed to have been paid to ations mobile poktal savings: Certificates of depowit (other money borrowed) e deposits. vable (including all ob. nting money than redis about Managers of Income Properties The Chief Qualification of vour Agent s 339,050.00 : 290,946.50 those said to direction 4 Nipiasing e Silegedito Ha 21 Ohio Copper 4 District of Columibia, City of W % 11 Ray Tiereoles Tnc. 1. WM. CLARK TAYLOR, manager of the 80 Rex Conx < above-nemed bank, swear that the St Crofx Conw .. above statement is trae to the best of my Sil Queen Min Corp .87 kiowledge and belief. sil Ki Div Min reor WM. CLARK TAYLOR. Manager. Gold & P.. 3 3 E Subxeribed and sworn to before me this 13th g earhead Gold . . day of July, 1923 THELMA PEACOCK. “ | 1 the of- * Mining (Seal.) Notary Public. two com- Divide G HENRY P. BLAIR themselves 0 . a2z, ; B o Ye.r solemnly MONEY TO LOAN ON DISTRICT OF COLUMBIA AND CHEVY CHASE, MD., RESIDENCES s of the 1 RICHARD. A. FORD. DITH W' PICH( VM. CLARK TAYLOR, CHARLES D. DRAYTON, L. C. STRIDER, s been paid a mobile pro- an annual salary HARRIMAN & COMPANY Members New York Stock Exchange 111 Broadway, New York that the agree- fter President stock _owner and controlled the | of both companies, | the agreement and < of all moneys | ement is d Director ship,domn boards ¢ Y I t WASHINGTON OFFICE Fis%. Do COLORADO BUILDING Telephone, Main 1603 G. B. CHIPMAN, Resident Partner DRY GOODS FIRMER. NEW YORK. July 14 (Special).—The end of the weei found the cotton cloth market a bit firmer today. Print| oth auotat emained at vester- | level. the 61 by 60s being quoted at 10‘/;. New $100,000 Issue ,. 7% First Mortgage Notes To run for three years WIRED STAR FROM j‘ % H. L. RUST COMPANY et RN 912 15TH STREET N.W. MAIN 6888 market ) 3 nd in the | t 100 ba vere sold in| al de rs credited the part to the v cw York raw S were unc h anged from yes- | LOAN CORRESPONDENT FOR THE PRUDENTIAL INSURANCE COMPANY OF AMERICA COMMODITY NEWS ENTIRE COUNTRY NEW YORK. July shirt makers in the trict will be increased an average of | 9 pe next Monday. The new | cutting room scale wiil be $55 a week ! for markers, $43 for machine cutters, $39 for short knife cutters and $27 for spreaders and pinners ST. LOUTIS, 14 —W| in business ters in this report more last week Connecticut Ave. Northwest at Fessenden Street 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 specialize exclusively in First Mortgages secured by high-grade, im- proved Washington property. There is no ehu 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- Save and Invest The purchasers of our First Trust Real Estate Notes lock them in a safe deposit vault and forget them. Nothing to watch ; nothing to worry about; no fluctuation of value. SAFE INVESTMENTS WITH A WIDE MARGIN OF SECURITY Paying 6 and 612% (PAYABLE SEMI-ANNUALLY) I 14.—Wages of! metropolitan dis- | cent Secured on New modern homes, all less than 50% of Market Value. We have never had a loss. Take advantage of this wonderful 7% offer. In denominations of $100 to $1,000. oo In practically every other class of in- BOSTON, July 14.—The I land railroads today are ac vestments, investors have suffered severe ting large stocks of bituminous coal | 1 result of violent fluctuations i Breburlon for 4oy Gy to shi- WRITE OR PHONE FOR BOOKLET in security pricés, but the First Mortgage ments in the vear PITTSBURGH, July 14.—Groceries | : Notes by us have always been are leaving wholesale houses on a worth what the investor paid for them. WM. S. PHILLIPS Swartzell, Rheem &7 Hensey Co. 15th at K Phillips Bldg. Main 4600 olesalers section | visit buyers in the| than fo man months. Road and mail orders are well ahead | of the 1922 season with the demand keenest for ple cottons, novelty ! dress goods and medium weight msn'h] and women's clofhing for f; NS, La. July crop in this state has not | past month owing | to showery weather. The indicated yield | 51,000 tons or about 35,000 tons an produced last year al- ugh the acreage was 10 per cent higher. 14.—The | cugar cane improved In the Shannon & Luchs First Trust Notes Built on a Straight Line of Return Not a Fluctuating Value Sold in Denominations of $100, $500, $1.000 FULL INFORMATION SHANNON- Sin;e .1906 MORTGAGE DEPARTMENT 713 14th Strect N.W. canned goods are moving off freely. Retailers report a large demand for picnic packages. . ATLANTA, July 14—Scores of the smaller cities of the southeast are! thriving on revenue derived from the | poultry industry this season. Fowls | are being shipped daily in carload lots to northern markets and prices have been satisfactory to raisers. the district being complete and ab- sorption of table necessities in good 727 15th Street Northwest Woashington, D. C. volume. Staples are selling well, and 54 Years Without Loss to an Investor