Evening Star Newspaper, August 16, 1923, Page 27

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., THURSDAY, AUGUST 16, 1923. FINANCIAL. Received by Privaie Wire Direct to The Star Office / Secured D. C. Real Estate e e - Amounts, $1,800 Tt Al Weighing the Evidence . — . vory w vas resumed at the Accounts, T BY WILLIAM F. HEFFERNAN. [covery which was Manunfacturers’ e SECURED ON e Anthracite stocks were | Bearii oY Interest Short-Term First S0 Epecial Dispatch to The Star. Lol he fooling thati| Eech ng 6%3% Morigages. or Approved Col- NEW YORK, August 16.—The ac- nt reached to aban- | Wl sell at 8 per cent broker- tion of the Governor of South Dako- o off system”. at age. Owner nceds momey for A:; I" Fi C tion WASHINGTON’S BEST || tuture building. ~ Write and rep- ta In ralsing the state price of gaso- |i; yession the outlook was brighter "NEW YORK CURB MARKET | [5-Year Firt Trust Notes]|| Momey to Loan ‘I} FIRST MORTGAGES il resentative will cail. Address |i} ‘¢, reial National Bank Bldg. ME { HEN you consider all the evidence ad- line 4 cents a gallon after the dras- [for a settlement of the other ques- |} Box 308-S, Star Office. szt HOMES IN N.W. it sl st tio reduction In that territory recent- |tions in dispute. <3 o - - 0 s 2 % Iy caused o sharp rebound in Stand. |, 0len Alden Coal: was the lsader, OFFERS your decision will be that First Mortgages i Imo: 4 ints to 71. \M 3 = - - ~. e marh marker | punmine, up wimase £ points, o 1L Money to Loan ) . THE OLDEST, SAFEST AND HIGHEST Eesd the list for.satety. this morning. and Deleware and Lackawanna and fo 5050 ("ol 0 o6 it on reat estate. Western Coal, which had bee Prevailing interest and commission, 1,000 Miller Train Control at 1.05. | A PAYING INVESTMENT OBTAINABLE Hurried short covering resulted in i = - lected for some time, ware d B Well 50 5 i Uikatis bove 52, against|g¢ lightly above the last ;| Joseph 1. Weller g 40 Nat. Mort, nv. Units at 12. 5 » of 50%. Others|prices. The demand for shor L . I. Finance Corp. Units at 72%: DEM. $100, $250, $500 AND $1,000 group were slightly | was large. Advances occ New York, Prairie | Midvale Co.. Dubilier and = its E 2 But the evidence is still incoraplete unless * Money to loan on D. C. - Bliance o L AN WRITE—PHONE—CALL ; you determine through which house to pur- . Vacuum and Buckeye |Supply. Clevelaund was the leader n(‘ f | Pipe Line the motor shares. In the mining | real estate. 1st and 2d 65 Chap s 55. For Descriptive Booklet “S” chase them. Atide from the Standard Oils the |group Cortez Silver made a pew high 1 trust loans made 60 Chapin-Sacks 7% Pfd. at 80. best grade Industrials led the re-l/for the present movement, above 70 prompfly. U;unl broker- 100 Federal Stor. Bnuery s% P‘d.‘ “’ S PHILLIPS age commission. See Mr. i i Will you select a house whose experience is an official list of bonds and stocks o Copper . ded in on the New York Curb Mar- larla Min 103" 087 .08 Robertson 9 to 10 AM,, || Thomas L. Hume, B.roker First Mortgage Investments in this line is short, and who handles mort- Kettoay™ s i0 Cont New S i 4to6P.M. | 1412 G Street Main 1346/¢ 154 St & K N.W. Phillips Bldg. gages as a side line, or will you consider the 10 Corten Biver- : 5 O ey || ] P s Francis A. Crawford, Inc. S significance of our record of fifty-four years e Bir s Goldfe e - | of specialization in this investment field? Am S ] ® Loanl eRly ~ 1008 801} o7 ) 9 d Zone ... 100 Hardshell Min 50 Harmill Dj I S | it ' "h_m ! II, Rheem & H ( i i;r’:""“'l"' PR ] : ; 4 i .is?:-fi:":'fif . : charged. "Come in and X ;‘;:::!::;}E‘E;fifiu‘:n&; i SAFEG AR DED | ——— 7;7 ]5fl? Zf::ct N. “snsey o X o | O i NEW YORK, August 16.—Following Butte & Western . il list of investors 0 Netionas Fia <ot R vings plas, | RATED 1009, SAFE “FV‘T" : = B N “‘ h i et g i Sikies F":-'-rf R inee SR | INVESTM ENTS ‘ 54 Years Without Loss to an Investor o Oiplesing o8 ot A wonderful record when you com- L5 Ray Hercules > E 3 = = pare these with those that are causing m lx'l'n:.'«m‘:“m .:..l":‘:\.n;:‘: | - Every man or woman with funds to invest Bought, Sold, Quoted || TS up th $5.008 Avallbls | should get full information about our Safe- THOS. W. BRAHANY & CO. CHAS. D. SAGER guarded First Mortgage Investments.. They Investment Sccurities 924 14th Lown Dept. M. 38| | pay 6147 interest, with tax-free features 3 e 510-11 Evans Building —— = | which actually increase the gross yield to ~ ; I Save and Invest 4 SO L Washington, D, C. | | | 10 Went ¥ SRR e IEQUITABLE 13 i o The purchagers of our First Truse e Co-Operative Building —7 el el S i $26,000,000 TO U. S. ! e (7] sgge &epn;nw\;auh. :nd iforgcl‘:'herm. i : IN TRADE BALANCE ATTENT]ON oAr:::::!:::: p : I ?b;:z;gn:: fluc'!.\:‘,l:‘u‘ior?tgfns;lgt. 2 3 Moty . 1111 ; T | P T e I These bonds carry the same wide margin || SUTER B ) S 57| July First Month Since Last Feb- lNVESTORS snara | of security that has characterized our in- ‘ SAFE INVESTMENTS e s EESTyShoRing SRR OLts vty et DL . v || vestments for half a century. Their assured I I E RV = mwi:f'fi:f":;‘:::? ot sss |l why not have it secured by [i| Join the Equitable and ||| safety and attractive return appeal to con- I | WIDE MARGIN OF SECURITY . ! 000,000 is shown by the official Agures (|| Arst and second trust mort- Save Systematically ! servative investors. Make your reserva- | . i Paying 6 and 62% 0 lmpl Oil of Canada t (PAYABLE SEMI-ANNUALLY) pi i : on the country's exnorte and imparts ||| 8ages on real estate in the —You will fd our systematle plaa . . . . . : e e s A e e lCa a1 S here pariie e oot silictive etieg 20 e B tion now to insure a selection which will ;m‘lz\tlorl;‘m:merm 9 are c(:ml.n!liy m:rellln:. \:;c Bibaceintion fon (ke meet your needs. s the first month mn which ex-{{l are in position to handle 85th Issue of Stock i I 5 ts _had ceeded i H 05t had exceedcd imports singe ] amounts of §500 to $5,000,000 on Al Get Booklet SN-16 Today I Shannon & Luchs First Trust Notes totaled $310,000,000 and imports $284,- ||| improved real estate with Sh: $2.50 Per Month | 000,000. guaranteed title. Interest at || ares, 9&. er Mon SR e | (T [EQUITABLE BUILDING ||| J! Collor Write 138 P’ w19, Jprasnads, und imports. 3261- | Francis A. Crawford, Inc. 915 F St. N.W. ities Servien pfd B 37 3 s I I Bots 18013 i The total value of exports for the | Real Estate Loans and Insurance ] souN Jo¥ EDSON, Prestdent i % F H SM[TH ‘ O. i Sold in Denominations of $100, $500, $1.000 L H gogTihs ending with July was f| 903-4 Continental Trust Bldg. FRANK P. REESIDE, Secy. | o ” 5 : Built on a Straight Line of Return i Phone Main 6464 i Not a Fluctuating Value e value of impor FULL INFORMATION |was $2 Thus for th period > of trade against | the United States was $115 | ! FIRST MORTGAGE INVESTMENTS B (T L MONEY TO LOAN M % ) s O the Imports of gold in July as com- | / i i e e » o [ mmm——————— | MORTGAG?B;:ARTMENT with $458,484 the month before. e 1 fl {, 713 14th Street Nw. i | Total of Gold I s, l For the Mb\"‘en :mn!.l:‘:“:nd-‘d with | DISTRICT OF COLUMBIA AND -;Il‘l_h zold \mhnlrts_"r‘n;x:brlDgls‘. 61, Horarchonding peried ot the year [l CHEVY CHASE, MD., RESIDENCES x‘)\\:«‘v!\‘(}fi 22,814,376, as tomparsdj Impor also exceeded rx-j o 1 841,288 in the same period of 192 : Compared with 33843886, 10 T% 8% | H. L. RUST COMPANY ‘ $20,000,000 —_— R. L. DOLLINGS “BROKE,” 912 15TH STREET N.W. MAIN 6888 o HEARING DISCLOSES LOAN CORRESPONDENT FOR THE PRUDENTIAL i Klngdom of Norway e i INSURANCE COMPANY OF AMERICA ted Press, ATL, Onio. Aurust 16— 'l ) Twenty Year 6% Sinking Fund External Loan Gold Bonds L. Dollings, promoter and organizer = 4 of numerous companies and corpora- Dated August 15, 1923 Due August 15, 1943 | tions, a number of which have gone | jinto bankruptey recently, was a mil- | Interest payable February 15 and August 15. Coupon bonds in denomination of $1.000, registerable as to prin- (lionaire three y ago, but now is | cipal only. Principal and interest payable In New York City in United States gold coin of the present stand- | completely “broke. { ard ot weight and fineness at The National City Bank of New York, Fiscal Agent, without deduction for | “*This irtormation was disclosed at FIRST MORTGAGE NOTES | any present or future Norwegian taxes, in time of war as well as in time of reace, irrespestive of the a hearing here before Charles T. h lder. Greve, referee n bankruptey. Dol- Aatlonalipiot e leer lings was put on the stand by coun- sel for his personal creditors in_an FOR SALE attempt to determine whether he had BRUPT w assets other than listed by him in POk inki A UPWARD RS prsonal bunkrupicy' scheduls, 1n IN DENOMINATIONS OF Non r.edeemab.le except for Smkm-g F ur?d TURN ON THE CURB Jliomsaito be ominlosh and & mmall | Norway agrees to retire the entire loan through a cumulative sinking fund, payable % A report from Bradstreet's Mer- 500 DOLLARS ANED UPWARDS | semi-annually beginning February 15, 1929. The Government may itself purchase et e e bonds for the sinking fund or shall redeem the requisite amount of bonds by lot Gains of From One to Five Points|personal wealth of approximately semi-annually at par. $1,200.000. 1 on High-Priced Asked if he owned anything’ else e N e DAl aeonea: | ‘9// These bonds are the direct obligations of the rates of 3.10% and 4.11%. During the eight | No:"t am complotely broice, and have M 4 74 | Kingdom of Norway, which agrees that if, years immediately preceding the war, the i 16.—An abrupt | Efforts of counsel to connect Dol- in the future, it shall sell, offer for public pyerage annual vield of the four loans listed for the occurred in oil | 1In8S with the ownership of various subscription or in any manner dispose of any . = A5 ks on tho curb exchange today | properties were unsuccessfu 7207 %,~,‘,4w( ‘%fi‘“ bonds or loan secured by lien on any revenue ;n Lolr.u:!or:i .“a; 37’; Gé:nd of the three ils substantial advances were made.| CHICAGO POTATO PRICES. ! or asset of the Kingdom, the service of this loans listed in Paris 3.66. Gains of from 1 to 5 points occurred | 1 hall be d equally and ratably in the high-priced olls, while the in- CHICAGO, August 16.—Potatoes ofln shal secured eq| y i i i dependent ' ahares rose fractionally, |slightly stronmer. on - white etook with such bonds or loan. The five loans now listed on the London Of the Btgndard il ino Indisun|steany on' sarly Ohion:recaints Stock Exchange were quoted Auzuslg 2, shares were the most active and sold | cars: total United States shipme | T . . = s . WP to about 5%, an advance of about | 484 cars: Kansas and Missourl sacked | i . The excellent record of the Norwegian peo- 1923, to return an average vield of 5.91%. # points. Prairlo Oil and Gas gained |Irish cobblers U. S No. 1. 2.00a.2 | ple in meeting their obligations promptly The average yield of eleven Norwegian Gov- poi ckeye Pi 2 Ll 2. .: Ne- | ] . . R = s y = e e e s Satia cariy Ohine NE =i 30 1 Justifies the high credit standing of the na- ernment loans anoted in Christiania July 28, ard Oil of New York stocks registered (210 ~cwt.: ~Kansas y INVESTMENT MAXIMS { . tion. Itis officially stated that no default of 1923, was 4.99%. R hE LT v ote. Ohios, tiy graded, 1 o { i eunstanuptisnvinees S0 G Ul Qlon Tnaitly (ERed: A principal or interest has ever taken place on Tk oibaeadebot: tHelbrssnthloant williis used to fund short-term indebtedness. The tone in- the independent oil section |1-50 AWt a Norwegian National Government loan. i nelinduntri roun oonl stooks) i From 1886, the date of the earliest external total debt of Norway June 80. 1923. was ond trading was more active. with a run tabout 4 points In Glen Alden ! TR | Do not expect more than loan now outstanding, to the outbreak of the $3879,821,000. Against this debt, the State « D., L. & W. Coal. Reading Coal . = A B & < i *and Lehi oal = = = | war, the net cost to the Government of its owns properties. mostly revenue-producing, 5 and Lenigh Valley Coal Salcs | = Continental Trust Company = your money is worth. B e e ang rangad betwoem the low Saided at $355,000,000. (@id botter Renewed buying of these H outlook for coal peace. M H =z » The rest of the market was more One Million Dollars £ ’ Do not try to get a profit on = shares was due to a more hopeful Capital d firmer, but price fi : , N £ 7 4 ~ ’ e o el b e rens 14th & H Streets principal when you invest. Application will be made to list these bonds on the New York Stock Exchange. the oil and eoal securities. i LU GILT-EDGE SECURITIES 7%, First Mortgage Notes 5 Secured on Improved D. C. Real Estate Appraised by Experts of 35 Years’ Experience Without a Loss of a 5 1 i Offered in Denominations of $250 and Up J. P Morgan & Co. The National Clty Company A Good Investment Century You can then be free from Harris, Forbes & Co. Guaranty Company of New York Without all worry and management. Lee, Higginson & Ca. Halsey, Stuart & Co. Dillon, Read & Co. & WILL PURCH ASE | a Loss In amounts of $250 and up. Bankers Trust Company It Brown Brothers & Co. H tatmed herein bas been obtaiued. partly by cable, from offl statements and statistics. While w. net guara: First and Second Trust Notes e rmaten ot Al e o B. F. SAUL CO. ' | Main 2100. : 1412 Eye St. N.W. - 5 We offer these bonds if, as and when issued and received by us, subject to approval of Invest in our couzsel. Delivery in temporary form is expected on or about August 29, 1923. R ICALES Price 96V, and interest, to yield over 6.309, | | = | | Overwa Quarter for the interest they earn and the safety they provide. 811 Vermont Avenue N.W.