Evening Star Newspaper, August 7, 1923, Page 15

| FINANCIAL. : ENING ‘STAR, WASHINGTON, D. €. TUESDAY, AUGUST EINANCIAL. 'BIG LOSSES IN WAKE | [ NARKET ENDENGY | NEW YORK CORS MARKET | "t ou weew | i ren e | g e ENTIRE COUNTRY s d : BY WILLIAM F. HEFFERNAN. | In the oil group the widest flu‘cln: Pest Aided by Unfavorable Weath- First Morigage Bonds ial Dispateh to The Star, ation occurred In Citles Service com ROCHESTER. N. Y. August 7— ||| Of “The Racquet Club” ||’ The purchasers of our First Trust | NEW YORK, August 7.—Very little|MOon. After opening unchanged, the er Threatens U. S. Cotton Wigures made public today by Harry | Of Washi D. C Real Estate Notes lock them in a change occurred in the early trading |Stock ran up a point to 133, but sul- IM. Feist, chicf statisticlan, indicate ashington, safe deposit vault and forget them f . In tne curb market today. Except|Seauently receded to” 133. Current Production. | that the housing shqrtage of this sec- i Nothing to watch; nothing to worry Many Issues Gain BolInts At R e EXaept S ahow Sarningsiat the rath 1o 2 arthe ey 5 EeTdAEn: Taiths D‘"‘;’;‘,}Z"g‘,’";afwo abEit: molactiationion ali: : | signs of renewed pressure. of more than $17 a share. Humphreys, = Lt . aaiion 5 $1, | e o S e i patch to The Star. seven months accommodations £ 5 i 5 Opening Today—Some Re | The dullness which has prevafleq| Shich had been prominent in the re EW YORK, August i—Every | were bullt for 6101 persons, while the Wardman Construction Co. AFE INVESTMENTS e in the oil group vesterday ; for some time past In the industrials | cama off somewnat &5 the ovaiePTt ! cittzen of the Tnited States and of |normal growth of the city for that INCORPORATED O versals Noted. has been the cause for considerable | profit mkh} . A . t of the other clvilized coun-|period was 4,526, In::;;mén;tr!::r ‘Tlen( WITH A omment. Motor stocks wer Shortly after the opening weakness : £ 5 .W. 5 ZI g o sales. took incs |developed in New York Transit and tries of the world is Folng to be af | \yppy N 7 August 7.—Work i WIDE MARGIN OF SECURITY ¥ s took place!the stock broke almost two points fected by what the weather and the I R P ? = Bf B i o . " “of - these stocks during the | before the decline was checked. Oth- ol weevil do to the cotton crop in |°n the new battleship Colorado is be- i WYeRK st 7 ¢ 2 " This was also true of the |€r brominent leaders of the Standard | '>1 WoovE €0 10 08 €ODR H00 G ling rushed at the plant of the New fl 4 tendeney t v 1 ed over a comparatively nar- E | i 1/,C/ ks : s where increased metivity | torf TNONe! SN § PGORATAT tendency. (of American cotton in existence the |York Shipbuliding Company In an ef Home Furniture Paying 6 and 6% cumed at s of Nad lately appeared as the outcome |Bll mer Nevedn, wWiich LA 5 e fort to have the vessel in commission | H = p Nevada, whic recently had yworid over, or rry-over,” as it Is ! -ANNU. - arket revics ) » ations for a large tobacto | been heavily soid, broke five points| wOUe Oret 2% WCHTEVIONAT B8 T Clny August 1. i GEATABLE SEMEANNUALLY) \ uri- | METE I further, but later regained the loss. | called. - - | : X = " | the smallest in history. It amounted | pr WORTH, August 7.—The large 9 NEW, YORK Angnat 7-—Following 4 Beit Tutsen Corp A Ag 000 balos. according d“’ T [number of mixed 1tve stock ship- |4 ¥rom $50 (o 8300 on D. C. real cptate. Shannon & Luchs First Trust Notes A picial list of bonds and stocks $ Rkdro Clte R 1 ‘:;-“’“‘ Eoumces rr";”ésmc"‘:ol:_":be ":"!: ments received here this week indi- et "No okuiags cLazpat: e ediin onthe New ¥ k Curb Mar- e i [ SUMSGVERRES CNTEE-CNOL % cates that ca’tle men are culling their Come in and let lain our method H P H 3 - 4 ket today ar Ly sl 351X years of over 6,000,000 bales. |pastures cariier than usual. Propor | ef making smal loane ptony 4 Built on a Straight Line of Return Centrif Tron Pipe. | The present carry-over, added to|tlonately lighter runs are expected in e Cn i Not a Fluctuating Value oy, Cige S B Trust the coming crop, which 13 estimated |the late fall. m.,,,, e e i ek WA pakers s 8 = § Dutilier ¢ & Tadio £ By SR et Cperts b A | D e mterent | e it @ L b I N 5 ackers Ba.. — R ¢ 6.000 bales, oints to a ossible = g UguS —An ¥ e ~ H 3 Q5 Guirmer teele and Am Gas & Ele 3 2 D Mot of fnd. 107 ; Supply of 14.089.000 bales for the eur- |ing light on ‘automobile sales is shown ! Sold in Denominations of $100, $500, $1,000 i : ; Am Ttolling Millx 6. = : Tent season, This must last this|by July sales of the Paige Detroit i i rowere est e by a ja : - 1os . 'country and the world for over a|Company. Foremen, mechanics, mi- = FULL INFORMATION ; A ] o : Tl vear from this date: but tho |ehinists and miners {ook 135 per cent. i iamount may be even less if the croj Merchants and building trades groups Grmuint may_be even lesa \f the CTom |took s ‘ser” cant ench ‘Womes nur. || Let Us Manage Your come Vi - 2 lestimate. chased per nt, manufacturers e ; 5 \'Year ago the government pre-}7-2 and farmers 5.4. The banking Rental Properties i HANNON i 3 LUCH :' e bop Co of Del. 5 dicted a crop of 11,419,000 bales and | 8roup took only 1.8 per cent. } b, 5 Peerteas Mot ... & 4. 37| the indicated wuppiv. ‘including the = —It Will Pay You Strength of Divi . tos i 3 E carry-over for that v 7 CHICAGO. August 7.—Wholesale o o ? 19 Radio A | o hat ‘vear of 4,879, o pite th ermitten 1ids %, = - 2 {000 bales. was 16,328,000 bales. The |auotations on smoked hams are about to Do So Since 1906 nine < 1 5 3 { crop after that predictior shrunk |25 Der cent lower than a Vear ago. ’ e LG ] : S raplaly, ‘owing (o 'drouht and’ boli | The demand hus been heavy, but“the MORTGAGE DEPARTMENT & it T . % weevil ravages, and turned out to be | Supply is ample. Smoked picnics to- = : o ;i i s !nr\ur!\ 1.700,000 balcs loss than ex. |day are 20 per cent below 1913 prices. ! 713 14th Street N.W. e TesRL SURE R on 2 8 o pecte S supply re 2 o nd-paying | ke N ¥ 3t Sl : !duced by that ‘amount. This the | DENVER. August 7.—The expected tment bux={ 6 Fiahdr Body 86 27, 979 nn Elee Pow ... 12 ! cipa - or the high prices | 4rop in the price of flour has not n = == best gains| 51 ¥ o o Foba terialized hercabouts. Millers today equipment. | e { Threa Sha : ; is every indleation that|Dredicted a possible increase in price utility, mo- i X £ X Unit Prof Si v { American consumption will continue |9U¢ 10 unfavorable growing condi- | Over a Quarter ity £ : 1055 v ) 3 312110 fncrease in the next twelve months. | Lons and rust damage to wheat. | of a Cent E A NEW ORLEANS, August 7.—Mar O GIC ERtIRY BXperienTe Truck, Max 2 I = 3 ; ! {11 the an demaad goes up at | ieulturali 1o s ik s the r. ntained ia the laxt vear |, N PR do Fuel E £ 4 4 " RIS ERINEI P land foreign demand returns to turers of summer clothing are i rday's | Veh, T, o 8 MINING 1its level of two years ago, 14.336. sog | winaloEupiectibes 7 bpened| 113 30 Arizona Globe Cop ales would be required, or 274,000 | Still workin . I o 17 T AN Lk 5 hikzes Gl on. Ibales more than' this country will 11044y to fill orders. The i MONEY TO LOAN - higve avat case in sales s about Mont Corn 3 available in. the (weagon of|Sheise i Sales over lastyeqr is:al Mortgage Loans pus Shares Active RIS N Boundary _Red Mt. under the most favorable con- | 10 Per cent is e < (“",;',:.'f,"‘ : s Even.if consumpiion shows | == - 1412 Eye St. N.W. | OoN the margin between the N uria Mi umount which will be consumed and | Phone Main 2100 it swtunie st e | P OUITABLE || ‘ DISTRICT OF COLUMBIA AND an readily be seen, there what the weather and the boll | . LT e O e (| Co-Operative Building | s |l EVY CHASE, MD., RESIDENCES Goldneld Deep Atne 5 |woman and child in this country. | Association Goldfeld Florence 3 5 ! ut the south's cot- ldficid Florence Reles te the Jaci ) Organized 1579 RAILWAY BRINGS $35.000. ... i ! g e i P Dok . "1 Homestake Est ge. involving a loss in dollars ||} Ansets .- i Line in Mississippi Owing $5.275.- 3 46. & Howa Sound... .. 3 of thirty millions « vear, rating cot- ||} Surplan ..............81,207.2351 80 Independence Léad. 33\ ton at only 15 cents a pound o] S E’ H -1 | 3 {5 = = = g s <) o =] b4 » = 8 Capital i One Miltion Dollars 529 Interest Hth & H Streets T 000 Sold at Auction 3 [ o7 2 Jerome Devel .. - Join the quli'lble and - (TR T ANMBUS. Mise. Auaine £ Tho |ty ST - e = . {INDUSTRIAL OUTPUT Save Systematically - — H. L. RUST COMPANY i 1 wil Foiial chih Coramiea L = EERIESSE A A A % e : WELL UP, DESPITE HEAT You will fad our systematic pian G | 912°15TH STREET N.\W. MAIN 6888 the most effective method of sving. | Special Di The Star., ! s « % sespite | ff | PITTS BURGH August 7.—Despit Subscription for the | /AN CORRESPONDENT FOR THE PRUDENTIAL 4 Nipissing .. . ar { the han of excessive heat in! ¥ . CCE C ‘v N T i Copper 1 NSURANCE MPAN AMERIC oo Wis district industrial production 85th Issue of Stock e IEERANODCOME G O ANETICA n Min @orp 3% K 4 ing aintained. General re- | Belng Received A 3 il tra lding up The vlow- g Shares, $2.50 Per Month i ing out of one small blast furn; Dosese e oty thange in opersiins ||| EQUITABLE BUILDING || || Equipment Trust schedules this week. Specifications Tkl ot e R S W Srera’ v, vt 915 F St. N.W. Certificates & Tonopah Divide . . 3 3§ hea ; & is Hght. but | Gepas Qi : ase this week shows that JOHN JOY EDSON, President T 4 i ‘J’; el "“-‘I"; "‘(l i “"I‘I ’:"x‘“ FRANK P. REESIDE, Secy. Yielding from wited Imperial Min o e o iy 1o, iaies 5.1 6.30% e e % lof the pig a i serap iron markets 3.10% to 6.30 . }is making prices for finished products = 0 e e ictive than two weeks ago. | Watusities) 107938 H.ABOR SHORTAGE LESS H ANY AMOUNT —n_leeting to an excep- IN THE NORTHWEST e Deasennhla Cunrmes)on tional degree demands puse Receipts. of careful investors as We announce with pleasure that - - - oinis 2 T BT R g Second to_security. market- MR WiLLIaM G. MOORE vances in Price of Cotton. | . < i it : : . n Nobne i & 0% | approximaters $80.000.000 to Carmers | this s Money to Loan Washington—741 I5th St. N.W. Bond Department of this Prevailing interest and commission. 3 il meet - z ' e dea) i osition ! : ; COTTON MARKETS. Haes sRfcae o TNDUSTRIA Aq_‘ i ern drought scemed responsible & pure are expecte |- of yesterd: and first p U e € g I ) . oy . Prehug i ' Tt i s co of recent advances ‘encouraged sIl | c)oeland Fiem Held Not Violators | e e o« e ot || Il Fidelity Securities Corporation LOS Augus ducted with evers Farmers' P el -} ST. PAUL. August 7.—Now that the ] - P . { > rofit by Recent Ad e e e Meitgnucwl ot Apureved' CAls ability and income. ! formerly with ROBERT GARRETT & SONS, Baltimore ORIK. August 7.—Recent in- e e vecome apparent || American Finance Corporation h 3 A e e ot man] Commercial National Bank Blds. Synmon et 1 < g arp reduction in )™ o 5 - o — —— i . . LD a 8 = ¥ ain of 4 movement of labor to =~ §|The National City Company (| has become associated with the ar Ol & Gs. ... 6 5 who have cotton to sell. according to | 7 . pank ea P : Peer O Car stimates mude by Wil am_ Mitchell | gq1 o K i nEs e { Secured Ly first deed of trust on real i S Gwathimes & Co. cotton brok i Ned. Bankers say - o ; i tnoiguit- | 8RS : } creaved, Bankers suy the ! Joseph 1. Weller 29,%an: - & Trust ! Corporation. v NEW YORK. Aug Bette 3 nd from 100 Sonth States 011 1 prospects for u break in the south- Eomts ® - S 3 & Surpiis. S2.000.000.00 & 1 Acme Cosl mew 3 ay o] 1 ¥ realizing in the cotton et ey tno thow o (el 2| market at the openinz today. Liver- Chant e e ; z 4 : l h N t crop. 11 Mach w i | poot Tully met the big local e market W i ] e eares the were 1 0 higher on C T ; A" Washington Stock E Exchange. 2ottt e 1 COURT FREES BROKERS. ; MA II Box ny SALES, the tone barely steady The s showers at 2 or 3 points in 'l and 2 s 9 3 this old bank vou so wish. . AFTER C3 within the fir<t few minutes. prices of California Law. S Ml GE o bt : OF MARYLAND DRY GOODS ACTIVE. S O R oo s g Much of our busimess is con T T e e e T bonds on the partis ; b sfaction to depositors and ffi ¥ Capital and Sumplus $1,500.000 i Dispateh i diate r f from the southw It paym and of interim certifi- £ - Wl ourseives nd 10, on drought. however, and the dec O cates is permissible under the br AL I B sehnet p fhe n 10 for O and 23.15 for Janu-, 4 e lient Ao e e : crage permits issued by the state f e it S0d {556 E s - L evidently brought in fresh com- L : ! H sed envelopes. Fidelity Buildi Balti Md. B s Corporation department. avee « ; s idelity Buildin, more, Md. Bid and Asked Prices. tradad © yesterday in - cotton were | (ol 8 fny (o 2 bl 2 = ' e te w‘-.’:,tl"’"“ PUBLIC UTILITY. «ught chort, as the price o The Kirbys were charged i} violated the Califor KR Deposits e in any ite securities act by mak ¢ ownt. Sawie Iate of Interest sales of urities of the Cleveland = paid on s A1k N T oe aesonits = < Discount Cor by further unfavo The prosecution contended that the | C t but i i - . |, NEW RLIZAN i defen 1ts were Limited to the term H cre we ' over next weelk: : SEtone 3 { broken drouth in the western belt put | Gt the per which provides they | a ona avm s rub o nrospects t ¥ red ¢l S . the price of cotton 7 to 26 points Num sell honds for cash. i o XXA 13-15 an R Cas o i " |in the early trading today, but this: — - i b Ixt 5 : i i i extremely heavy sell- — H tationer mmodity anced more than Bld. Asked. | 36 4 bale on top of cance of $10 Lale in the last three The rush to cover w g i e was met 1 Savings sito \ gl Dotonae Else. 2o ling, much of it realizing from the 56th Oldest Savings Depository in Washington | Potomae ¥ s, S 573 | long side, and a quick break carried H Year Cor. 15th and New York Ave. ! 8 l',m il G ’ | the market 16 to points under the ' PRl x ;.»1..“ of vesterday. A steady stream | First Mortgage Notes ; ] Alex. & Mt. oflcrop complaints came from Texas i1 ex. M K 5 jand Oklahoma, stimulating new buy- I L Wi o & 30 e af the et Mowr o7 ||| Are caretuly sslectcd an piacea on ¥ VORK August 7. = P W H the session prices were back up to - . el o « 22.90 a pound - : s : LIVERPOOL. August _T—Cotton ||| mitimg of taterest. . A1l etails ca MONEY TO LOAN | In addition to the usual security of any first |spot. fair demand: prices firm. G {iousts” supervised. that. the proper ° mortgage, The F. H. Smith Company’s First o ""'C;-.','"“i S e, Y (e miadting, 14 "?",r';-w:‘r'", ,,""-",,'“‘:,fle‘fl-,‘;“‘:“.;’“’ ES Mortgage Bonds are protected by a-definite A old 10 e 3s.... 2 . ‘ d > titles furnishes ‘without cost. ur Srdiman Park Hotel Gs...-. 11 | good ordinary, '14.12; ordi = ends, ov o ON FIRST MORTGAG i e e Solee HEio00r balss iaaumine 3 e e M = = 1 system of safeguards developed through fifty STOCKS { American. 1.000 bales, penny i either principe! or interest. H years of experience 1 ri F osed e e Teen e 1 .\ st 1051, dotober, 1334 Notes of 250 Up to || | por CURRENT RATES OF INTEREST : y | “ | Maren, 12 $5,000 Now on Hand ! 1. You are assured a constantly increasing mar- rance R com.... [} o in of security through our sinking fund plan, ‘.‘ : | Chas. D. Sager En o il : & Elec. pfd. ki 3 # o e S oo, ! . S Sistpiutornistes which requires of every borrower an annual From the Kunsas City Times. | Wanda—I hate a woman who gos- | 924 14th St. N.W. i reduction of the mortgage. sips. but—— Main 36—Loan Dept. ici Ly Lee Helen—What did Mae have to say Bankers VOIC[ng i ciinie 2 ‘ e the Soliln, s Gem Every man or woman with funds to invest Business Faith v}‘."”"' ‘," e tamr i 9 i should get full information about our Safe- i ! : e ; | guarded First Mortgage Investments. They In New P restdent e ; 58 e : pay 6%% mterest, with tax-free features NEW YORK. August T.—Wall {\- onal mn'-rm” Ashiagtos: | —_— which actually increase the yield to 7.1 confidence in President Wiy e (EEREE T 8, B ; RIS et BL;‘.S’I‘ | GILT-EDGE SECURITIES | ! Get Booklet S. N. 87 Today. sesterday -:y"‘,‘";\‘.;..nt’l‘f: :‘:;“v:,-:f {niee i i ¥ HO&[ES 1&. NV 79, First Mortgage Notes s sident Harding, when prices re- | Commerce a A . ) 3 - { Secured on Tmproved D. C. Real Estate cround lost Saturday | Gomrity Sav Bank. . 3 OF il Appraised by Experts of 35 Years’ Experience Without a Loss nward to higher lev- e ioa: THE OLDEST, SAFEST AND HIGHEST Offered in Denominations of $250 and Up ‘,.-‘.’..'l'fi".]"“"'f‘l,' e - PAYING INVESTMENT OBTAINABLE §| A Good Investment ! °7,{¢ F‘H.SMITH Co. nin ey TR iLoss To DEM. $100, §250, $500 AND $1,000 1 ounded 1873 w o "r",“ii’,‘.fi ‘”"\‘S. Sithor ,\"“""M”fi:fi,m insoRANOE: | N WRITE—PHONE—CALL i WILL P URCHASE ; oy n{gserEN'rs ot oviotity 500 | conpmpin T ® e 1t linvESToR P po - : : del ks bl S en ] g : " ForclacHpliserReatiecics First and Second Trust Notes SMITH BUILDING 815 FIFTEI ST. mporarily oversold k volume S % o s iy s Colwmbia Uraphophone Dfa. .. 1 i W. S. PHILLIPS i Warehouse Receipts and Make Construction Loans | - Call or write Phone Main 6464 The net uoin the ave 3 {b. C. Paper pfd.. twenty leadin Ir @ Merchauts' Transfer & slnu‘e. % Ahout Y aluEindutriols a8 | dermmter e By, First Mortgage Investments |l National Mortgage & Investment Corporahon; fl| NO LOSS TO ANY INVESTOR IN 50 YEARS States Steel, Baldwin and Stude- {0ld Dutch Market pfd. buker, often referred to as pivotal |lansten . i om 15th St. & K N.W. Phillips Bldg. Mai 811 Vermont Avenue N.W. stocks, showed net zafns of ahout 4 & puinie cach. Tellvw -t