Evening Star Newspaper, July 19, 1923, Page 29

FINANCIAL. BRAZIL LIMITING COFFEE SHIPMENTS “Trade Here Watching Effect on Prices and Supplies With Deép Concern. Boecial Dispaten to NEW YORK, Ju The milreis is etill float on the surface of the coffee cuj A Whether the de- mand for coffce to fill those cups is strong enough to hold up the standard of currency of Brazil, or wRether it Wwill Bink owing to the struggles of that Eovernment to regulate and stabilize | the price of coffee, Is a question that is being fought out between the American authorities, the grow the American roasters and grocers. Brazil Limits Shipments, Brazil has limited shipments of coffee o 35,000 bags @ day at Santos and 12~ 000 daily at Rio de Janeiro. The trade | In America ha to ‘buy. Brazilian 1o negotiate it to finar as known the s been unable would permit growers through a wd allow them to higher prices, On here hold their produc the other of coffce is visible supplies cks in the hands of the de i ntry and | lers are Have Sold Futures. in dssuing paper currenc [n H. J. Fallon of Lamborn holdinyg than one from shipp are in dire ne therefo: ha in the York £ which' they must deliver the nctual | coffee when due. This has weakened the tegulatory efforts of the Brazilian. All Eyes on Brazil. The Brasilian crop, mor: ises to be a bumper one, according to Mr. Fallon, although it will not be| auite so large as the eéstimates made two months ago indicated Yet, one of the outstanding fe s of this knotty situation,” he “is that coffce in the United | now is selling well below th 1 ment, and it is impossible to ko to Brazil and buy coffee for the prices now quoted In local markets, Stocl In the hands of the jobbers and r tailers are small, but ry ters in the middle west and the tra in general @re out of the market. They are waiting to see what move the Bra- zillan government will find it possible to make ne: Lower Prices for Canned Goods There is every brobality that a Ralf dozen of the largely consumed varicties of California canned fruits v come to the consumers' table iext fall and winter at largely re- duced prices. Big canners have slashed price: paid ln" ducers of peaches and apricots material reductions below 'S are ex- pected in prune: sins and pears. wer retail prices for can- ned cherries are forecast, as pro- ducers are receiving one-third less they did last year. Subnormal an (lvn]lhl] has resulted in a i over of many varieties of canned vegotables. Expect Reduced Stocks of Goods. The fact that the been no accumulation of large s of man- ufactured goods is being estimated at its true worth by business men in viewing the prospects for the re- mainder of the year, Curtailment of orders has been almost entirely con- fined to whoiesale purchasers. Re- tall es have held up in sympathy with the mid-year slump. i er, prom- w take the view that|w consumed must be produced urplus stocks are low, and ot ng high, continued manu- Facturing Activity” Is assured. One he largest silk manufacturers in discussing his own line today, de- clared that as the vacation period drew to a close retailers would be forced Into the market again. “Silk is highly popular with Amer- ican women,” he said, “and they have the money with which to buy it. 1 Lelieve there will be wholesome de- mand which will call for all that can reasonably be produced.” TR (Quotatio RY CERTIFICA' furnished by Re 8% September 1 41s September 1 45, 3, b v 4% December 4% 3 4%s March diis liutmb(‘ SHORT-TERM SECURITIES, (Quotations furnished by Redmond & Co.) Alzminum Co. of Al Aluminum Co. of American Cotton OIl 6x Ammerican Auuconds Anglo-Amer. Tell Tel. of Canadian’ Nor. ent. Argentine Kansas City Term. s 1023 pver 7s 1080, Neil & Libby A Borris & Penna. 19 St Paul Un. Depot ) Westinghouse E “CuhEa” Nugust 5, Yo, e i FOREIGN EXCHANGE. tations furnished by W (Quotations oo London, pound .. Montreal, dollar Madrid, peseta Vienna, crown Budapest, crows Prague, crown Warsaw, mark . Copenhiagen, crown Christiania,” crown tockholm,” crown By the Associated Pres NEW YORK, July 19.—Foreign ex change firm. Quotations (in United States dollars)—Great Brlta(n. mand, 4.59 3- bl day Dills on banks, 4 demand, .0590%; cables, .0591. demand, .0431% Bel- zium, demand, .0485; cables, [0485%. Germany, demand, .000003%; cables, 003%. _ Holland, demand, ~.391 bles, 3921, Norway, demand, :1620. Sweden, .2450. Denmark . Switz- erland, demand, .1774. SDIIH. flemlnd 11433, emand, .0237. Poland, demand, .000007%.. Cszechoslovakia, demand, .0289%, Austria, demand, .000014}4. Argentina, demand, .3375. Brazil, demand, .1050. Montreal, de- mand, .97%. — Flattening of the back of the head results in compensatory increases in the breadth of the head and face, ex- mlnn{:n of 435 American soldlers —_— NEW YORK CURB MARKET | Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, July 19.—Sentiment on the Curb Exchange was much Im- vroved today and this showed In a large trading volume and a more de- cided upward tendency. That an oversold condition existed was made clear by the way the active specula- tive leaders responded to the in- creased buying. Little attention was give American roleum Institute mate on crude ofl production showing an increase and a number of the ofl stocks were prominent in the ad- vance. Short covering in Standard of Indi- ana came in in sufficient quantities to push the stock well above 5%, Standurd of Kentucky gained a point on very few covering operations were denee in Inter- national Pel um. Among the high- priced inactive Standard Oil an ad- NEW YORK, July 19.—Following Is an official list of bonds and stocks traded in on the New York Curb Mar- ket today: BONDS High. 104 1001 123} L 100% a8y 1:15. 10315 106 92 Low. 10314 103% . & Am Lt 08wt wrts Am Roll Mitls 6s. Am Thread 1007 813 101% L 100 103 0115 1001 1 BONDS. 100 1015 2100 100 1011 100 100 1015 11 Swiss Gove 5igs . 100 Washmgton Stock Exchange. Light—3"at 45, 4 at 49, 1 AFTER CALL, Capital Traction Co.—0 st 100%, 100X, 4 at 100X, 1 at 100%. ‘Mones—Call loans. 5 and per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bia. 015 10 at Asked. American Tel. & Telza, ds.... 91% mer 1 Telga, dign. 10250 Georgetown Netropolitan | Alex. & Mt Yer et Washington, Balto. & Annap. 58 Washinglon' Gas Se.. oo ©. Paper Mfg. ‘m » Lteaity on (long }fi:f: Kealty 3n (short) ' o afe SeeurttSRt Cold Storag Narinan Vark Hotel ta STOCKS. PUBLIC UTILITY. An Capital i00ig ‘Aehington 50 Nk Wash, Stéamboat 218 capital ... Cotumbia Commerctal cond National TRUST COMPANY. rican Security and Trus f(:'ifin!nill Iru o enst Wishinzton Loai bia Title Insuran SoPtate Tie Insu MISCELLANEOUS STOCKS, Columbia Graphophone com C ap! D. C Mergentu nthal ecgentialer 0id Duteh Market pfd Lanston Manots pe We have selected 'a number of choice suitings to be made in our high standard of excellence— at the greatly reduced price of $75.00 Many of these are suitable for Fall Henry L. At |10 hundreds. THE EVENING STAR, WASHINGTON, D. C. [EQUITABLE | Direct to The Star Office vance of 13 points occurred in Stand- ard of Nebraska when ten shares changed hands at 226, against the last previous sale of ten shares at 213. Creole Syndicate, just under 4, was the active leader of the low-priced independents, but, due to the rather| heavy offerings ‘around this level, little change occurred in the selling price. The short Interest in Mutual Ofl was becoming more and more uneasy, and wla active covering in its contracts Declaration of the regular monthly dividend on cities service is- sues failed to stimulate these shares, Reading Coal 8s eontinued their up- ward movement, while the 5 per cem’ bonds gained almost anather point, Glen Alden reached a new high for the prosent movement, when it sold at 70. The upward movement kept on in Gillette Ruzor, while Hydrox, National Supply and Centrifugal were also fa- vorites In the buyving In the mining section Spearhead ad- | vanced close to 17. 4TS of Mexico 4s Sules STANDARD OIL 1 in_uaits {7100 Avglo Am o . 110 Buckexe P o1 20 Cumberland P L. 1 112 Tip N of Canada; 10 Tudiane P 1800 Inter P T D Kot Relin - 20 South Pein i, 10500 S O India 1800 8 0 N Y new .. 1400 Vacuum 011 new | Salen 1xDEPEN 1 Ark Nat Gas 7 6 Barrington 0§ ... 108 2 Brit-Con Fid 1ny d ool 0l Corp - eun Beaver Oil INDUSTRIAL Am Malt Co ... et pta 13 Borg & Beck . 2 Buddy Buds . 9 Dubiller 10 Durant 5 Dirant Mot 1 1 Lehish FORD SETS ANOTHER NEW OUTPUT RECORD Speeial Dispatch to The Star. DETROIT, July 19.—The Ford Motor Company set another new high pro- duction record for the week which ended Tuesday, with 40,803 cars and trucks produced in the domestic as- sembly plants. This represents an in- crease of 428 vehicles over the best previous week. EX-DIVIDEND TABLE. July Buras Bros. prior pr. q General. Clgar, q Yeod. & Tiehnin Prod. & Refiners 1 WILL SELL 500. Miller (Cash or Terms) Train Control s 7% Pfd. Cielding 9.65%) Thomas L. Hume, Broker, 1412 G Street Main 1346 Home Furniture LOANS m $30 to $300 on D, © koods _or et interest. No brokerage e Gomne I And 1ot \ expiaia ‘our method of making smail loans. ‘Conypereial, Loan & 1 oz tent Pending CITIES SERVICE SECUR[TIEJ Bought, Sold, Quoted THOS. W. BRAHANY & CO. Investment Securities 510-11 Evans Building Washington, D. C. Main 6159 Money to Loan Prevailing interest and co Joseph 1. Weller {70 ¥ Flrst Mortgage Notes carefully selected and placed on solute margin of safety. The Service We Give Tnsures promnt collecting and re- mitting of interest. ANl details can e property ately in insured Our er & period of many years without the loss of & single penns in elther principal or intereat. Notes of $250 Up to $5,000 Now on Hand Chas. D. Sager 924 14th St. N.W. Main 36—Loan Dept. 2 Lupton 1 yiidva ‘_ Teerlons 3o 13 Radio_Corp . 54 Keading Coal Kts Reading Coal shacco Prod Exp Developmt .1 Deep Mine 0 Tudepend ) Tron Blossom 240 Lone Star . Y Porcupine Mhio Copper ted Hill Florenc R eck Hughes 2 Tono Belmont Tonovah _Divid ‘ukon Gold NEW YORK EGG PRICES. NEW YORK, July 19.—Eggs—Irreg- ular; receipts, 23,148 cases; gathered, extra firsts, 25%a28; cific coast whites, extras, unquote Pacific coast whites, firsts to extra firsts, 20%a37. N Wear Kaufman Importing Tailor Colorado Building 10% Preferred Stock Of the Lenox Office Building Owners, ine., peratiug the 7story office building knows Lenox Cffice Bldg., 704, advance of public offering. r for sale at par, $100. FEATURES. i preferred dividends, 105, Participates equally In Common Stock Dividends. Preferred As to sssets after Ist trust on Retirable at $125 per share OBJECT. The proceeds of this sale are to be used solely for (a) the retirement of existing clnsive of ist trust, and (D) to meet expenses of remodeling rest of bufld. ing, third to seventh fovrs inclusive, for aftice purposes. XPL. TION. £ this building prefer to pay The owners return to individual investors t charges undér which - second-trus and other loans can be obtained from the es_are unduly burde biy more costly than ¥ attractive Preferred 3 thorough examination of this offer wili reveal this is an absolutely sound inves ment, without arr element of inflation or speculation. Fiscal Agents Edmund J. Flynn Cu.. lnc Main 7253 Secured by first deed of trust on real estate ! THURSDAY., JULY 19, 1923. to Loan Y AMOUNT o Cha mees, :-&lme ln«lfll- Co-Operative Building Association Organizea 1879 434 YEAR COMPLETED Asnets . 84,750,763 rplus . ..$1,207,281 The Time To Save Is Now Make up your mind to put sside part of your sslary and save system- Dtieaily *ith ene Eauitabl fon for the SEASONED INVESTMENT, oesctian 11 ssoured, _returning 85th Issue of Stock < o, B osured o oaeren Ta: 3t you are looking for Being Recelved safoty OY vfiflulvh ) & fal Shares, $2.50 Per Month EQUITABLE BUILDING|| & SISFSLNW. || full " information " without ebll JOHN JOY EDSON, President tion to you, Best of ing references. adnens Box” b3 FRANK P. REESIDE, Secy. Star office. 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) 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 Since 1906 MORTGAGE DEPARTMENT 713 14th Street N.W. A PROMISE OR PROVEN SAFETY—WHICH? Real estate mortgages are a most desirable and profitable investment when _payment of principal and in- terest is promptly paid. A promise that the principal will be repaid at any certain time really means nothing unless backed up by an organization with a proven rec- Ol ord of safety. uarter Our FIRST MORTGAGES have stood the test for over thirty years without a loss in either prin- of a Century Without a Loss cipal or interest. B. F. SAUL CO. Main 2100 1412 Eye St. N.W. Why You Should Bank A checking account provides a means of keéeping defi- nite track of expenditures, and greatly reduces the possi- bility of mistakes which so readily occur when bills are paid in cash. It makes monthly and yearly comparisons easy, and induces economy. Canceled checks make other receipts un- necessary, and avoid embarassing disputes. Central:’ Northeast : Southwest : Northwest : We Issue Traveler’s Cf:ecks and Letters of Credit 3 % ON SAVINGS AND TRUST OMPA - AMBRICAN S]ECIUIR]IW 15th and Penna. Ave. Capital and Surplus, $5,400,000.00 BRANCHES. 7th & Mass. Ave. N.W. 8th & H Sts. N.E.. 436 7th St. S.W. 1140 15th St. N.\W. Commercial National Bank Bldg. FINANCIAL, GILT-EDGE SECURITIES 7% First Mortgage Notes Secured on Improved D. C. Real Estate Appraised by Experts of 35 Years’ Experience Without a Lbss Offered in Denominations of $250 and Up A Good Investment b WILL PURCHASE First and Second Trust Notes Warehouse Receipts and Make Construction Loans National Mortgage & Investment Corporation 811 Vermont Avenue N.W. FIRST MORTGAGE NOTES FORrR SALE IN DENOMINATIONS OF S00 DOLLARS AN UPWARDS %(/a// % .7@/19# 7 %. i 7207 %flnw/{éul .%enae MONEY TO LOAN ox DISTRICT OF COLUMBIA AND CHEVY CHASE, MD., RESIDENCES 3%29, Interest H. L. RUST COMPANY 912 1STH STREET N.W. MAIN 6888 RESPONDENT FOR THE PRUDENTIAL 3 COMPANY OF AMERICA Midsummer Madness HIS is the time of year when, going to and from the mountain and sea- side resorts, you hear men in the trains talking of great financial opportunities. The summer hotels are filled with people who are anxious to give you glorious “tips,” and on hot days, when the office looms up as a particularly obnoxious place, any road that leads to a “get-rich- quick” country sounds good. As topics of conversation these may be interesting. As the final resting place for your hard-earned, cautiously saved money they are not so interesting. Before linking vour arm into any of these propositions, call or write for in- formation upon our First Mortgage Notes on absolutely protected Washington im- proved property. Here is an investment for the wise, conservative, sensible American who can think on hot days as well as cool. Swartzell, Rheem & Hensey Co. 727 15th Street N. W. 54 Years Without Loss to an Invesior UR CURRENT OFFERINGS of First Mortgage Investments include a new 7% issue; also several 6% issues, with D. C. and Federal tax free features which increase the yield to 7.13%. They are offered in denomina- tions of $100, $500 and $1,000, outright for cash or under our Investment Savings Plan. Partial payments earn the full coupon rate of interest. _ NO LOSS TO ANY INVESTOR IN 50 YEARS Call, write or phone Main 6964 Jfor full information ke F.H.SMITH CO. ounded 1873 FIRST MORTGAGE INVESTMENTS SMITH BUILDING 815 FIFTEENTH ST.