Evening Star Newspaper, August 6, 1923, Page 19

FINANCIAL ING ' STAR, WASHINGTON, D. C, I\IO\'DAX" AUGUST 6, 1923, _ FINANCIAL - NEW ORLEANS COTTON _ |GERMAN MARK DECLINES NEW YORK CURB MARKET |||""BoosTeD BY WEATHER|40 PER CENT AT WEEK END 77 Received by Private Wire Direct to The Star Office { 0 First Mortgage Bonds NEW_ORLEANS, La., August 5.— Lowest prices in the cotton market last week were made on the opening session, after which there was a of “The Rac uet Cl“b7’ Of Washlngton, D. C. Denominations, $100 $500, $1,000 strong upward movement, mainly on the unfavorable weather in the west- Wardman Construction Co. INCORPORATED ern belt. Highest prices came soon after the middle of the week, when | Investment Department 1430 K Street COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY The Security You Get Cable Reports lnternnl Gold Loan Being Floated,by -the Ebert Government. BY WILLIAM F. HEFFERNAN. Special Dixpateh to The Star. NEW YORK. August 6.—Stocks on the curb exchange in the early deal- ings today again failed to share in the improvement on the stock. All that could be said was that the general list was firm while a number of specialties were bid up. Among these are Mesabi Iron, which contin- ued its improvement started Satur- day; Standard of Indiana, which led the standard group and Spearhead, the active leader in the mining sec- tion. Little change occurred in the | oils. Most of these were either at or fractionally above their closing prices last week. National Supply was the outstanding failure in the industrial group, opening almost two points higher, when it sol ex-dividend and this morning at 52. Reading rights were active but unchanged, while oth- ers of the new Reading issues were lected. FORT WORTH, Tex.. August 6.— Retailers throughout the southwest reported today that there has been * a decided quickening of business in the last week, Jobbers are enjoy- ing a liberal run of buying orders and are waging an aggressive adver tising campaign expecting augument- ed buying power in the fall as a re- sult of prosperous crops Cotton has begun to move. in all sections of the state d prices are satisfactory, Storage of grain crops continues general Building has be- £un to boom again HEN you buy a First Mortgace Note from Swartzell, Rheem & Hensey Company you are assured that it is an absolutely first lien on an improved Washmgton property, the value of which is greatly in excess of the am i of your investment. NEW YORK. August 6.—German marks depreciated 40 per cent over the trading positions were 169 to 190 | \1® Week end. being quoted in the points higher than the preceding local market today at 53 cents @ mil- week’s close. At the lowest the mar- | lion, or 1,886,792 to the American dol- ket was 26 to 30 points under the|lar, as c cents a mil- close of the previous week. In the|lion on net results the market gained 139 Cable reports that Germany w to 159 points on contracts, October floating an internal gold loan in hond closing at 21.97 cents a pound after:of small denominations were regarded | —— trading as high as 22.33. In the here as foreshadowing the disappe: rr(m spot department middling galned 100|ance of the paper marks and the sub- points, closing at 24.00 cents, which!stitution of the gold I e : - 3" compared with 21.25 as the closing |rency. oLy Z Ty i price this week last vear: ubilier ¢ |" Aside from the weather in Texas urant Mot and Oklahgma. the governments Durant Mot of Tns July report on the crop, placing ‘the B e percentage of condition at only 67.2 . against 69.9 on June 25, was the outstanding feature. It caused an immediate advance of about $7 a! bale. The crop indicated by the condi- tion figures of 11,516,000 bales com- | pared with general expectations of around 12,000,000 bales. The annual| statisties for ' the year ending with | July were a supporting influence, ! mainly because the carry-over was!' NEW YORK. August 6.—Followin, is an official list of bonds and stoc traded In on the New York Curb Mar- et today: | otrif Iron Pipe. 164 bARA B You are further assured that there are no taxes or other liens of any kind unpaid, taking precedence of your secur- ity; and that the Company will through- out the term of the investment see to it that all taxes, insurance premiums and other charges, necessary to maintain the security in good standing, are paid. ds as cur- Home Furniture OANS From $30 to $300 on D. C. real estate, houschold_koods_or_chattels. 7 per cent interext. No brokerage charged Come 10 and let us explain our method of making small | Commercint Fonn & PARIS BOURSE FIRM. PARIS, August 6—Prices were firm on the bourse today. Three per cent | rentes 56 francs 90 centimes Exchange on London, 78 francs 90 centimes. Five per_cent loan, 74 francs 51 centimes | The dollar was quoted at 17 n-“n.-k‘ ntimes. CLEVELAND, August ment figures compiled here sho slackening of activity in the vehicu- Jar indvstries, but a speeding up in the steel plants. There has been an in- cre of 4.3 per cent the number of men employed in the steel mills in the last month, but the motor trades falling off of S5. There is lackening in the textile indus- Sales in thousands. S Allled Packers Am Gas & Am T & #.—Emplo: Low. 0 92 1001, 1011 1023, ST00 Close. 0 ! A5 e "fl-.”: 3 Federal vn T Anglo Am 011 3 AT & Co. of Del 3144 o Heaverbourd Sx 4 Beth Steel 7% 15th § Mexabi Tron. (ed & Patent Midvale (o . River Pow ngw'r Tne | Taather new. : 2 o casice L | at Sup Co of Del §.—Pub- K A 3 Y Tele Co ptd.. provide a . Patson Rros Tob AL employment Radio Corp. <how a - uip 78 P also s try Syxtem Copyris ool Sx 1 Co Am S When you have funds for investment, these safeguards are here to protect you. HIA, b works g GIRL CLEARS SELF. August ams will 101 during this vear and S116,000,000 will be way next expe and elevated roac led on.sub BOSTON. —The strength in the last few ted matters for the tton goods Jrint” goods have ommensurate makers Many Deen with 17-cent viewing the staple with dismay. They 15 a question whether th stand any advances in now feel that At public will cloth prices NEW coason’s o 51 ORL \ugust f.—Last tton erop brought the south 1.000.000. as compared with $1.- 000,000 the season before, accord- ing to figures just compiled by H. G. Hester, secretary of the New Orleans Cotton Exchange. Hester figures last year's growth at 10.424.000 hales. in- cluding linters. compared with &340, 000 the vear before. The price pound received during th last season was . as compared with 17.87 the s before and tn 191 ointe nethods aid today that the building costs lay in extend struction throughout tractor Hoover to study & con- the winter MINNEAPOLIS, Minnesota raflroad commission reports ars are on the today, await The supp + vear ago, August 6 and that sidings 50,000 box of | roads movement better than (T &hipments x Tuly August 6.—Total wheat om the Pacific northwest with the flour shipments terms of bushels bushels. bl mew is moving to Pacific tidewater buying deep ter imited to quick delive tr n wheat to son, having st. * Large nments of grapes wiil follow PRINC < estimated that will be shipped “from Ozarks this season. JALE. Ark. August 6.—It 100 cars of apples the BOSTON, August 6 1and woolen mills are on 80 per cent of normal capa a n this week CURB TRADING QUIET. + Display of Strqngth Shuwn in In- —The dustrial Grouvs. NEW YORK. August 6.—Business on the curb exchange today was quiet and prices held to those preva Saturday, but was a display of strength in leading groups and many of ti important showed moderate gains at intervals during the day elose there the more issues . Standar watched for indications of the trend 1 stocks ge Uy, and on mand moved up about 1 point riy trading when it c s Oil and Ga r 1 point da moved up 1 Pply later, T was a moder- amount of business in Interna- tional Petroleum, accumulation being in quict progress, but it showed lttle change in price. A number of Standard Oil issues made gains. ments in most of th e within a fractional ran Sarvice, after opening down moved up to 133. but re high lev Fractional gains w made in Gulf Oil and Mutual Oil The majority of industriais showed a firm tone. Mesabi lron becoming | prominent with an advance of nearly 1 point, and a fractional advance was creased demand and made a ; 1 point and a fractional adv made in Armour & Co., preferred Bridgeport Machine sold off slightly Reading_Rights. in the deal ings were in small ve slight advance, net loss in th point, but was er tradin DEATHS. LYNCHBURG. Va Shaner, seventy-nine widow ‘of I'hillip Sh night at her home in She was @ native of HAYMARKET. Va died here Sun. The body taken to Mos Creek Augusta county, NOTED VIRGINIAN DEAD. RICHMOND, Va. August & James Power ' Smith. “soldier. man and autho his_daughter a ear] six vea Dr. Smith was eight and had been in , fgiling heaith for several —months. Runeral services will be held in Rithmond tomerrow BRENTWOOD. +BRI TWOOD, Md.. August 6 (Spe- clal)—The Brentwood fire department has seen some activity in the way of | meeting_fire calls during the last! week. The first call was in answer to * Mount Ranier's call to College Park When the department a ved the fire | had already been extinguished, though the prompt response of the Brent- ! wood department was ul)servud Mount Ranier's chemical truck tained considerable damage In a col- lision with a touring car and was helped in by Again; on July 30, a trial demon- stration for all the fire departments in this vicinity was staged at Hyattsville. Within ten minutes of the sounding of the alarm 1,000 feet of hose were .laid ready for action in Hyattsville. ‘Cottage City’s department got there ahead of Brentwood on account of the many turns in the road that the Brentwood d rtment had to cover. Tt was nnounced that simila; demonstrations would be held In Mount Ranicr. Brentwood, Cottage City and Riverdale. PAYS $1,000 ON KENMORE. Special Dispatch to The Star. FREDERICKSBURG, Va., August 6. —~The Kenmore Association has. paid an additional $1,000 on the original purchase price of $30,000 for “Ken- more,” making the total payment * $17,000, This recent payment came through the Sons of the American Revolution, sollowing the Nashville convention, and vas supplemented by funds from Miss Halsey's Kenmora children’s-brigade, About | manu- | Ihert P.j ap- The | warehouse | of grain Consider- | Arkansas | Oil of Indiana was closely | made a_xain | nd Imperial Oil of | the | clergy- | Manitoba [ 1 Nal Lea 4 Do Pow are | nce in the raw | 19 Pub Sere T | Shvey ot ¢ i Sonth Calif b | 0Ny | .ssox¥ el SONY i {0 N Y & oil FOREIGN BONDS. 2 Argentina 007, average | of M 0y funits STANDARD OIL ISSUES. » Angia Am Ol i v Buckere P L cent Pip Surckn P Tine. building costs, ! high | ) Prairie Oil & 3 Prairie western | hndrd INDEPENDENT 3 Arkansas Nat 1 Hoston W, 3 Carib Syndicate. . T Derbs O°& Bow i 10 Der 0 & R pf w i.. amphress O vetone Ranger. . ol 5 Mount Prod 1 Mount Gulf 10 Ohio Rangs 17 Omar 0l & Gas.... & Peer Ol Corp... Seahoard 0fl m P& T States 0fl an 0il : 11 Wilcox 011 & Gas INDUSTRIALS Am Gas & K1 pra | 4 Am Sutier 15 Buddy Ruds T Car Light 5 Cent Teresa pfd. Washington Stock Exchange. \ml hesapeake and I'nlmnuf Tel. R CALL. £1,000 at | AF Capital Traction Co | 100, 10 at 1007 otomac Tel. $1.000 at 97, %500 at 87 5 and 6 per cent BONDS. : Bid and Asked Prices. PUBLIC UTILITY. S1,000 { American Tel. & Telga, & Telga, 41 " Telephone ) lephone of apital’ Traction R s & Suburban 5 Pow. £ L Alex. & Mt D Alex] & Mt gton Ry Wb ! Twy. Wash, ip. c. Riggn Riggs Paper Mfg. (ong) (shorty Dep, age 5. 1 Park Hotel 6s. STOCKS. : PUBLIC UTILITY, Washington Gt Norfotk and W W Terminal Taxi Capital Columbia i Commerclal District 1!«.\.«-) 5 [ Rfgwe i Riges righ the Brentwood truck. | l Witk Columbia_ Title... Real Estate Title. MIS Columbia Graphophone com. Columbia Graphophone pf Merchants Mergenthaler Linotype. 1 Dutch Market com. 01d Dutch Market pfd. Lanston Mono! Washington Xellow Cab.. in_Corp pld Conl Ris.. Motor Roamer Motors So € &1 Swift & imken Axie. counted only at 000 bales, least half a million eral expectations. Urought and _high Texas and Oklahoma were rupted and caused a steady stream at — LAWRENCE, Mass., August Lowell, o murder of Iatrd of Methuen of any connection wi i atures in | uninter- was ¢ charged man I iph red the MINING. tern Mines a u Con Cop M Cortez Silver ... E Cresson_Gold A Are | Goldfield Jackpot Gold Sta Harmill Div Top Nevada fla Mine stake Ext Sound 1 Mason Val McKin Dar Min Corpy £ Amer ng Dis Min | o o | 2 1w Min k Hughes opah Divide W2 opah Extens o713, 1% | North % oty Unity' told Weniten Copper West Ena’ Cousol e BOSTON STOCK MARK BOSTON, August 6.—! list of 8L, E ! closing pric s | dealt in here: | | Atioues | Am Calu & Ariz spper Range N 5 Pacifie Millx. niney Marriand. on M. 2 egs Machine pfa.. 010 | & 0. & 3 | i Metal o | wrren Tiros | Winone WARRENTON WARR] cial).—Th. of Confede their annual ing prings Friday. August 10. Al federate erans ~ and sons and daughters of veterans are invited to attend. John Sanders, attorney gef eral of i expected to ma Ward Beale is col mp, and F. D. Ga: James Timberlake is ichairman of the hospitality commit- tec. Music and a picnic dinner are features of the Mrs. N. Lough August & - Camp. Sons ns, will hold at Fauauier kins adjutant jrough Turner of Kinloch. The TPlains. Va.. announces the engagement of her daughter, | Beverley, to William Fisher Turner ork. The wedding will take at Kinloch in the early autumn. | ony Wins Ribbons. | iss Helen Horner, with her pony. Midget, won first prize in the jumping class for ponies of all sizes at the Middleburg horse show re- | cently, and on the same pony won second ribbon at the Aldie communi- ty fair. Miss Peggy Keith of War- renton won many ribbons with her! ponfes at both shows. Some classes Were ridden by her little sisters. and some by other children. Mrs. K. F.! Bowman of Warrenton won a first' prize in the flower department at the Aldie fair with an gxhibit of water ! lilies, and Mrs. 8 8 Preston won a; blue ribbon and prize with a table decoration of blue salvia and arctotis. The first month of Camp Weston, a summer camp for girls, near Casa- {nova, closed with an outdoor play and : an exhibition of craft work. The girls | the month were Ida | Lomas, Jane Lomas, | i present during Coffman, Betty Lida_ Mo: Frances Todd. Emma ! Tomkins ~and Louise Tomkins of Washington, D. C.; Grace Douge, Mae ! Fernevhough. Jewn Leache, i Leache, Winifred Maddux, Edith Nes- | bitt, Elizabeth Nesbitt and Virginia | Randolph of Warrenton: Margaret | Ballard, Ashland, Va.; Hilda Hordern, Pittsburgh, Pa.;’ Cary Mason, Balti- | more, Md.; Ashton Miller, Muncle., Ind. ' Many interesting events are . scheduled for August. including pic- | nics, two plays, a tennis tournament | tand riding_contest. The camp is in | charge ot Mrs. C. J. Nourse. assisted by the Misses Nourse, Mrs. F. S. Ca ter of Warrenton, Mrs. Carl Ellis Dunaway of Miami, Fla. and Miss Theresa Jacqueline Ambler of Lynch- burg. LISTED FOR MEMORIAL. FREDERICK, Md., August 6. Names of the men and women who saw service in the European war and those who died in the service have | been sent to the designer of the $15.000 Frederick county memorial, in prepara- tion of casting them in bronze. The names will be placed on the ibase of the memorial to be unveiled in {this city Armistice day ! —_— : DAIRY MARKETS. Special Dispatch to The Star. BALTIMORE. Md.. August 6.—Live poultr: ckens, pound, 25a !35: leghorns, old hen=. 20a26 lold leghorns, 0ld roosters, 15 ‘ducks, 15a23; pigeons, pair, 20a2 | &s (loss off)—Native and nearby 1 firsgs, dozen. 26; southern, 25. { Bliter—Creamery, good to fancy. pound, 40a43%; prints, 44a45: nearby creamery, 36a39: ladles, 34a35; rolls, 31a33; store packed, 31; dairy prints, 31a33. CHICAGO, August 6.—Butter high er; creamery extras, 42; standard, 42 extra firsts, 40a41; firsts, 38a39; sec- onds, 36a37. Eggs higher; receipts, 18,590 cases; firsts, 25a25%: ordinary firsts, 23a 2315; storage pack extras, 27%: storage pack firsts, 261326 %. | fixing of any of crop complaints from those tw. states, all pointing to widespread and gencral deterforation of a most marked character. Showers would probably use heavy selling. but continued drought would increase the importance of the buying movement which is already under way. MOUNT RAINIER. MOUNT RAINIER. Md. August & (Special).—Mount Rainier is anxtous- | Iy awaiting the action of the sani- ! tary commission in securing bids for the contemplated storage tank to be used in connection with the present pumping station. The proposed tank | will have a ¥ of & il lons and with itw installation should be able to furnish this district with spring water without resorting to help from the Hyattsville mains W. I Earnest has been ap by the s nmission to look after in all repair | work done for them in the town i J. Bates. a local volunteer fire- | . Who sustained an injury to his | : ‘when the chemical wagon col- lided with a touring car, returned from . the hoshital Thursday. Fire *hief Crown has charge of the in- | stigation into thix collision and the | responsibility therefor Robert swee. accomp his wife. has just returned from Europe, having been there for the past two monthe The judge! gain is on the bench in the muniei- pal building, disposing of several ses Friday evening. Rapid strides have the road program of th council. and with but few the work now authorized has been mpieted. It is possible that before had weather sets in additional au- | thority for road improvements wiil be granted. At any rate. the pr ent administration shows an inclin tion to keep things moving. ant pre- | dictions are being freely made that | before long all the roads in town | will have been gone over. i nted Judge nied by {10,000 VIRGINIANS HONOR | CONFEDERATES AT PICNIC Fisher's Hill Sceme of Annual Gathering, With Forty Civil War Fighters as Guests. STRASBURG. Vi.. August 6.—The an- nual picnic for Confedernte soldiers was | held on Saturday. at Fisher's Hill. About 10,000 Virginfan: the field to honor them Forty Confederates partook of the | dinner served by Stover Camp of Stras- | burg. which now numbers but nine members. D. H. Lemon. eighty-nine, of | Edinburg, was the oldest of Lee's men present. and J. H. Lunceford of Dela- | Plane, eventyoseven. the voungest . 'C. Rector of The Plains. on battle- i a1 Dispateh to The Star. l | | ' Kray. as were representatives of Mosb; nen. Luther Henn, adfutant of Camp, was master of ceremonies. TWO BARNS BURNED. Special Dispateh to The Star. CULP] . August 6.—During a_recent storm the barn on the farm ; of A. E. Gooch, mear Twyman's Mill. was struck by lightning and burned. ogether with the owner's complete crop of hay and a quantity of farm- ing implements large barn. belonging to Timot Powell, at St. Just. was destroyed by lightning about the same time. this being the xecond loss by fire recently sustained by Mr. 'owell One of the yourgest municipal e ecutives in the United States is Pat- | rick J. O'Connell. who at ti% age of | twenty-four is th the city | government of Ba, - | nothing affair. After hours of questionin convinced the police that she about ‘he kiliing. Barney Banks. who to that the girl. 10 whom k. | aged. had kill-d the tradicted his story b was not present the girl has broken <he Money to Loan ANY AMOUNT Rensonable Charges on Trade Acceptances, Warehouse Receipt American Finance Corporation g al Nationnl Bank Bldg. Money to Loan _ Secured by first deed Prevailing intercst Joseph 1. Weller bidg MONIEY t on real o Wash. L. & Trr L & FNW —in any amount secured on 1. HOOVER & KIDWET Muin G541 11 e Our 79, First Mortgage Notes Are carefully selecied and placed on an absolute margin of safets. The Service We Give Insures prompt o Al n mitting of interest. tails ea tlously supersised. tha property is_properly tely in wred, taxe insured titles furni wst. " Our criod ot loss of & wingle either principal or interest. cting many 3 penns i Notes of $250 Up to $5,000 Now on Hand Chas. D. Sager 924 14th St. N.W. Main 36—Loan Dept. /ashingtor’s Oldest National Bank| knew | EQUITABLE Co-Operative Building Association Organlzed 1879 43d YEAR COMPLETED Anxets .. Surplus . Join the Equitable and Save Systematically You will find our srstematic the most effective methed of saving, Subscription for the 85th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St NW. JOUN Joy FRANK P. First Mortgage Loans Commission, Lowest Rates of Interest and Prompt Action | Thomas J. Fisher & Company, Inc. 38 15th Strest Foreign Exchange Quotations By Radio Daily at 10 o'clock from Sta- tion WIAY of Woodward & Lothrop the latest quotations will be broadcasted. Rates by private wire from New York Special phone. Foreign Depar‘= ment, M. 8222 The Washington Loan and Trust Company 300 F Street 620 17th Strest In His Prime “Cut expre least hardships upon dependents In this connection. TRUST down in the one every prime of life” is hears frequently, man and woman ring the affairs of termination thercof an and the life will that to vou'll find OUR stafl ready to advise DEPE: upon fiduciary matters, the drafting of Organized in 1d related matters, entirely without obligation. Our Savings Dept. Pays 3%, Compound Interest National Meiropolitan Bank Capital, Surplus & Undivided Profits Over $1,700,000 15th St., Opposite U. S. Treasury—109 Years Old T]he S&me R@&S@MS== which lead a man to employ a lawver, a physician or an architect when he has need of the special services which these men give, should prompt him to turn to our Trust Officer in all matters of a fiduciary nature. COMMERCIAL Ewery Banking Service 3% o~ sarives TRUST AND TRUST COMPANY AM]EIRI[CAN SECTRIT 15th and Penna. Ave. Capital and Surplus, $5,400,000.00 Cent: Northeast: Sout Northwest: . BRANCHES. ral: hwest: 436 7th St. SW. 1140 15th St. N.W. 7th & Mass. Ave. N.W. 8th & H Sts. N.E. / Swartzell, Rheem & Hensey Co. 727 15th Street N. W, 54 Years Without Loss to an Investor Dean, Onativia & Co, Stock Exchange Building New York COTTON GRAINS COFFEE SUGAR STOCKS and BONDS MEMBERS New York Stock Exchange Chicago "Stock Exchange Associate Members of New York Curb Excha Chicago Board of Trade N. Y. Produce Ex A 1 'mm\, ommerce WASHINGTON OFFICE: Main Floor, Woodward Building Office Open Until 5:30 P.M. Phone Main 2040 JOHN CALLAN O'LAUGHLIN CHARLES R. ALLEY Manager Cotton Association SAFEGUARDED INVESTMENTS In addition to the usual security of any first mortgage, The F. H. Smith Company’s First Mortgage Bonds are protected by a definite system of ufeguards developed through fifty years of experience. You are assured a constantly increasing mar- gin of security through our sinking fund plan, which requires of every borrower an annual reduction of the mortgage. Every man or woman with funds to invest should get full information about our Safe- guarded First Mortgage Investments. They pay 64, interest, with tax-free features which actually increase the vield to 7.137. Get Booklet S. N. 86 Today. Call or write Phone Main 6464 ke F.H.SMITH CO. %unded1873 FIRST MORTGAGE INVESTMENTS SMITH BUILDING 815 FIFTEENTH ST. JUST WHAT YOUR DOLLAR DOES WHEN INVESTED IN OUR 6Y5% FIRST MORTGAGES 1. It works for you after you have worked for it. 2. It gives vou a steady and dependable income without ad- ditional work on your part 3. Tt builds up a surplus fund to help you take care of oppor- tunities of emergencies that Dicriny may arise. uai of a Century 4. Tt earns more money now, owing to investment condi- tions, than it usually does. We shall be glad to submit investments to suit your re- quirements. Without a Loss B. F. SAUL CO. Main 2100. 1412 Eye St. N.W.