Evening Star Newspaper, September 20, 1923, Page 28

FINANCIAL NEW YORK CUKB MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN. September 20.—A bet- feeling was again noticeable on curb exchange today, although | volume of business fell. Further Price cut announcements in Penn- sylvania and other crude oils today were taken as adjustments to similar | reductions made Wednesday in mid-continent territory and had lit-| tle influence upon the oil stocks. he American Petroleum Institute's estimate on domestic production dur- jug the week ended September 15 bore out recent statements that out- put is coming more into line with and professional ed 1o take nal element was in- in at least part of it ke NEW YORK, September 20.—Fol- Jowing is an official list of bonds and stocks traded in on the New York Curb Market today: Bales in thousands. 1 Alu Alu Am T & Anaconda 6s 4 Anglo Am 14 Ar & Co of De 10 Asso TAtG & WI S Beth roit City 1 Detroit Edison 4 Dun T 3 Fisher Body en Asphalt Ss Manitoba Powe: 3 Nat Leather Ss. W Orl Pub Ser e 0 & R new 5 Tmpl Oil of C: Ind P L, 1 Pet Co Ltd... Transit $ 0 Indiana Southern I’ S 0 Kansas new 0 Kentucky 1400 8 O N Y new...... 50 8 W Penn P L . 1 1900 Vacuum Ofl mew... 45% 45 NDEPENDENT OIL STOZKS. £1000 Cit & 33,000 Cit 0 & 1wl xineers Pet deral Ofl 5 Glen Rock ( 3 Gulf Oil of Pa 20 Hudson Ol Mex 0il fex Panuco . Mount Prod . 2 Sapulpa_ Refin Seaboard Oil 76 Sou States Ol 4 Wilcox 01l & Gas.. INDUSTRIALS, 1 Am Hawailan § .. 12 1 Ar & Co of De sy 5 Bridgept Mach w 1. 113 48 Brit-Am Tob Cou.. 2414 3 Brit Int] Corp A... 175% 5 Briisn City R R Washmgton Stock Exchange. SALES & Elec. 4s—$1,000 at at 93 Washington, Rwy 134, $300 at 711 T e Nation! Tank Right Merchants' Bank and Trust Co AFTER CALL Chesapeake & Potomac Tel. 55—$2,000 at O gs National Bank Rights—é at 98%, 1 at _Riggs “Washington Rwy. & con!—2 at 63. Union Trust Co.—4 at 158. Mones—Call loans. 5 and 6 per cent. BONDS. Bid and Asked Prices. BLIO UTILITIES, PU! B“lg Asked. merican Tel. & Telg: American T & Telg 1. & Tel. etl. tr. Am. Tel. & Tel. conv. 6 ‘Anacostia & Potomac Gs. Anacostin & Potomsac G Potomac Potomac Fotomac Elec. 63 pot. Elec. Pow. € m. Wann Aiex. & St sh.. Alex. & Mt Haito, & Annapoiis bs . Rvy. Wash, BwY. Paper Mfg. 6. ien (long) (short) D. Tiggs Re Kot Storage & Waih, Mkt P the | & Bid. Wardman Park Hotel s.. i STOCKS. PUBLIC UTILITY. American Tel. & Telga. ital Tract.on. Gas! Wash. Terminal Taxi com. NATIONAL BAN: National TRUST COMPANY. American Security & Trust. Continental Merchants’ National nion Trust.. Washington Loan savi rce and Saviogs. St Washington . gecurity Savings & Com. Seventh Btreet United _States. Washington Mech FIRE INSURANCE. American MISCELLANEOUS. Cslumbia Graphophone com. ©ol. fl;-vno ons. ntd. a nghluu' ‘ransier & Etorage. 100 Mergenthaler Linotype. *157 ©1d "Duteh Market com. 1% Dutch Market pfd. 3 Direct to The Star Office | short lines put out in the past two | weeks, rather than to Tenew opera- [ tions Yor the decline. During most | 6F"the ‘time oil shares were steady |around the previous close on a much reduced volume of business. ~Prairle Oll and ‘Gds jumped up five points | early in_ the day, but fell back later. Standard of Indiana did very fittle. The industrial list developed little feature. The only one of the motors dealt in to any extent was Durant of | Delaware, which was again under some pressure. The street is still finding it_hard .to reconcile the low | selling prices of~this stock with all the good things it hears about the business. Apparently no_efforts are} being made at support and unfortu- nate outside tsaders who have to sell, are obliged to do so at a sacrifice. Nipissing Mines failed to respond to | the declaration of an extra 3 per cent | dividend. 14 831 19 3T Buddy Bud 1 Celluioid Co . 13 Centrifug_Iron Pipe 26 Chi Nipple ... 1 Chic Nipple B trust 2 Curtiss iDL & W 10 Dubllicr_¢ 4 Hud & Mann R 1 Hud & Man R R pt 3 Hudson Co ptd..... rory Stores wts Tory St'es new Mesabi Tron ... idvale Co ! Munsingw, N Y Tel n 3 Reading Coal rts wi _1 Rosenbaum ¥ lec Power... en Axle . Lt & Heat. S Distriby 1 Utah Idaho S M1 11 Alaska Brit-Colo... 1 Amal Lead 2 Booth Mini| ortuna Mi 1 LAND GRANTS ALLOWED. Interior Department Acts on Cotn- pensation Claims. Approval of “compensation grants” | of 5,568 acres of public lands to the statée of Montana and 7,666 acres to | Arizona was announced today by the Interior Departmient. The tracts re- place sections lost” by the states through federal allotments to Indian reservations, national forests and simi- lar projects. In the case of Montana the mew state lands are situated in the Miles | City, Bozeman, Havre and Great Falls | districts, Areas granted Arizona are | scattered throughout the state. REFORT OF THE CONDITION of the NORTH CAPITOL SAVINGS BANK, | . in the District of Columbis, at the close of business September 14, 1923. RESOURCES. 1. ekoans and diy- counts, ncluding rediscounts, me- ceptances of other banks, and foreign lie of exchange drafts, soid with indorsement of this bank (except those shown in b and otal loans .. - Qrerdratts, unsecited, overnment wecurities $803,731.08 540,88 120,98 | ,033.75 . Other bonds, “securi- ties, ete. . Banking hov niture tocks, 0.57; and hxultu 150.08 . Real entate owiied banking house s in vault and amount due from,national banks . Amount due from state hlnk!. crs and trust companies nited States (other than included in item 10).. chianges for clearing house. ot 10,11 and . §62,90 . Checks on Tiniks locuted out- Slde of city or town of re- porting bank and other ¢ ftems = 6. Other assets . 66,108.65 17,286.55 54,275.26 items Total LIABILITI . Capital stock paid in | Surplus fund . Undivided profits .. $14,7 a. Reser: ldsield oldfield Deep M Goldfield Floren: 1 Hecla Mie. 0 Independence ~ Lead ew Dominion’ 10 Nixon Nevad 15 Nipissing 3 Ohio Copper .. & Ray Herenles ine.. 20 Red HIIl Florence 10 Rex Cons . 40 Silver Queen’ Min ' 10 ¥l King Div Min 20 Stand Silver Lead. 1 8o Am Gold & P. 60 Spearhead Gold opah Divide . ‘onopah 3 United U 8 Co « i uden Copper ... t Lorrain Silv. —— e SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) ~—Noon.— ofter. new w i Aluminum Co. of Ame Aluminum Co. of gmer. American Ameriean American American : Anaconda Copper fs 1629, . 10: w.\u. 971 Ganadian Nor. Sis 1 Ceatral Argentine Rwy 65 1927, | Central Leather Gs 19 Chi., R. I, & | Chicago’ Tel. 5s 1923 | DuPont 734s 1081 Federal Sugar Ref. 84 1933 er Body Corp. 68 1627. Fisher Body Corp. 68 1028. Grent Nor. ‘nocxm. Valle: Humble 01l 5 Kansas City Term. s 1923 | Kennecott ‘Copper 7s 1030, { Michigan State Tel. 5s 1924 for inter est taxes a crued 4 $15,817.04 cLess current ex- penses, interest and taxes paid. 10,685.33 mount due to national ertitied checks . Cashier’s checks Total of items 2 . Demand *depo bank _deposi (Deposi payable within 30 days): . Individusl deposits subject to heck . 30 days, or sube days’ “or more notice) postal savings: Certificates of deposit (other than for money borrowed).. 33. Other time deposits Total of time depo 31 and 33 ...... and a1 Total e District of Columibi 1, THEODORE MICHAE above-named bank, sole swear that above statemest is true to the best of President. o, before me thls | Money to Loan first deed of trust on real L] joeeph I Weller §3,V0% | i‘#“’?’~ N | Minn."St. P. S.M 63s 1931 i Morrls & Co. 930, una. R, K Paul Union Depot 5% Hoebuck & Co. Ts 1923, rd OIl of Calif. & Swite & Co. 55 103 Tidewater Oil 6%s 1031 Union Tank Car 7s 193... Rubber 714 1830, . Western Union 648 1936.... . Westing. Elec. & Mfg. 75 1931 | Special Dispatch to Th NEW- YORK, September 20 ing was light in the cotton gooc market today owing to wide observ ance of the Jewish holiday. The mai kets were firm, however. eral price increases being recorded. Print cloths, third % cent increi da The 68 by steady at 12 cents. Reports from Japan indicating the fixing of low prices there on raw silk left the local market guessing. In some quarters it was believed these prices would be increased steadily until a considerably higher level has been reached. Quotations here were about on a par with Wednesday's. e in as many 72 prints were ULk TEE (L (T (LT (LT nl-nll 8 i AR behind. will, we 64 by 60, were quoted at 10%, the| First Trust N otes 82{%; Offering a $4,000 issue divided into notes of $250 each, well secured on ‘Washington property. Address Box 80-H Star Office e R R e ) Washington’s Oldest,Nat;onai Bank Our Trust Officer —will be pleased to talk to you about his department—how well 1t’s equip- ped to serve your interests in life and those whom you will some day leave flIf your WILL remains undrafted, or you wish to-change a previously drawn suggest you confer with our “When” You Buy a Properly l’lnood 7% First Mortgage Note Have you thought what advantage you bave over other marketed securities? Can you iuvest-other than im mortgage notes where you are absolutely secured Reainet loss of priacipal or receive your income on the date due? No- whiere in the investment field has such a safe and tisfactory record been made. Wi ike many others dealing in First Mortzages, hoast of lh on- viable record of mever a loss of a single peony In el r principal or interest, Notes now on_hand in_amounts of $100 Up to $5,000 Full Bflfllfllllr‘ apply Mr. O'Donpell, Loun Dept., M. CHAS.'D. SAGER 6% to 97 Yield Bonds, Public Utilities Stocks Monthly Payments if Desired ‘Write for Booklet “Serving a Nation” Thos. W. Brahany & Co. 510-11 Evans Building Main 6189 Continental Trust Company Capital One Mllhun Dollars 14th & H Streets AN EQUITABLE Co-Opentiv.e Building | AN 434 YEAR COMPLETED $4,750,762 81,207,381 Assets . Surplus . The Time to Save Is Now Kbout our systematic saving plan— a plan that has proven wonderfully successful. It will show you how to save with the best results. | i 1 | | | | abscription for th: 85th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON. Presideat FRANK P. REESIDE, Seey. MONEY TO LOAN On Improved D. C. Property at Prevalling Rates of Interest. See Mr. Field. Hedges & Middleton, Inc. REALTORS, 1334 H St. N.W. Franklin 9503 0000600000000 00¢ Chattel LOANS o ayeihte fn 36 bonge,. set S0 gxtend L $30 &t B per cent interest. All we ask is a_savings l‘mlt. PR g ard Loan Assn. 2213 14th St. N.W., near Fla, Ave. 23* 000000000000 000 Mortgages or Approved Col- Iateral. Amll-‘mutCommh- Commereial National Bank Bldg. REPORT OF CONDITION Of the NATIONAL METROPOLITAN BANK At Washington, in the District of Columbia, at the close of business on September 14, 1823. RESOURCES. a Loans and discounts.. crenn . Overdrafts, secured, $15.72; unsecured, $5,262.57. . U. 8. government securities owned: a Deposited to secure circulation (U. S. bonds, s par value) . b All other United States government securities (including premiums, if any) $8,609,543.41 5,278.29 $800,000.00 1,046,464.25 1,846,464, 785,323.. 827,412.93 1,179,417.57 1,205,342.63 1,301,653.11 363,92 295, 93,905.15 4,318.78 40,000.00 30,129.18 teseseasasessenes. . $16,637,872.13 . Other bonds, stocks, securities, stc. . Banking huuse, $818,180.11; furniture and flxtureu, ’9 23. 82. . Lawful reserve with Iederfll reserve bank. . Items with federai reserve bank in process Of collection Cash in, vault and amount due from national banks. . Amount'due from state banks, bankers and trust companies in the United States (other than included in items 8, 9 and 10) 2. Exchanges for clearing house, Checks on other banks in the sime city ortown as bank (other than item 12) 5 Total of items 9, 10, 11, 12 and 13 $2,259,084.14 14, b Miscellaneous cash item, 15. Redemption fund with U. treasurer . Other assets 8. treasurer and due from U. §! $800,000.00 . Capital stock paid in. 540,000.00 . Surplus fund ... . Undivided profits . a Reserved for interest and taxes ac- crued 5 % $499,34174 20,338.46 $519,679.60 © Less current expenses, interest and taxes paid 50,713.88 468,965.72 97.50 157,763.32 409,100.96 . Circulating notes outstanding. 21, Amount due to federal reserve bank 22] Amount due to national banks. 23. Amount due to state banks, bankers and trast companles in the United States and forelgn countrles (other than in- cluded In items 21 or 22). £ . Certified checks outstanding . Cashier's checks outstanding...... SR T Total of items 21, 22, 23, 24 and . $689,767.64 Demand deposits (other than bank deposits) subject to re- serve (deposits payable within 30 days . Individual deposits subject to check. ” Certificates of deposit due in less than 30 days.(other than for money borrowed)..... . Dividends unpaid Total of demand deposits) subject to reserve, 26, 27 and 30 ...... -$10,672.789.24 Tie deposits sufject to reserve (payable after 30 days, or subject to 30 days’ or more notice, and postal savings): . Certificates of deposit (other than for money borrowed). . Other time deposits. . Postal savings deposits. Total of time deposits subject to reserve, items 32, 34 and 35. . $2,152,667 United States deposits (other (han postid savings)s nelading war loan deposit account and deposits of United States dls- bursing officers Letters of credit and travelers' checks sold for cash and out- standing . Liabilities other than those above stated eferred credits). 406,508.44 5,592,91 10,802.01 10,659,911.92 12,406.42 g 471.00 er th: k items 400.00 2,101,538.83 50,718.99 36. 4 {44 1. Total District of Columbia, Ci Bt 1, C. F. JACOBSEN, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. C. F. JACOBSEN, Cashier. Subscribed and sworn to before me this 19th day of September, 1923, (Seal.) BESSIE E. SKINNER, Notary Public. Correct—Attest: J. THOMAS KELLEY, Jr., WALTER BROWNLEY, J. H. RALSTON, W. A. WIMSATT, WM. F. GUDE, CHARLES JACOBSEN, Directors. WILLIAM H. J CHAS. G. SMITH, Jr., HUGH REILLY FRANK P. REESIDE, FIRST MORTGAGE NOTES FOorR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS %/a/%”%w v G 1907 Cooostivat SMociowis If You Have a Friend Who is an authority on investments, a tax expert, a competent appraiser, a capable real estate man, an experienced accountant and executive, and who will never die, name him as your EXECUTOR. IF NOT— Name the American Security and Trust Company Trust Officer at your convenience. No Organized in 1814 obligation will be incurred. Our Savings Dept. Pays 3% Compound Interest National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,700,000 15th St., Opposite U. S. Treasury—109 Years Old FIRST MORTGAGES The Oldest and Highest Paying Investment Consistent With Safety Reliable Security Liberal Tncome Protection Against Depreciation Prompt Payment of Interest Repayment of Principal in Full at Maturity. ‘Write, Phone or Call for Descriptive ‘Booklet “S” Denommahon. $100, $500 and $1,000 your executor, for this company can qualify in all —~of thesé essentials. COMMERCIAL 3 % ov savines TRUST A MERICAN SECIURI ° AND TR ST COMPANY o 15th and Penna. Ave. Capital and Surplus, $5,400,000.00 : Central: Northeast: Southwest : -/ Northwest: BRANCHES 7th and Mass. Ave. NW 8th and H Streets N.E. 436 7th Street S.W. 1140 15th” Street N.W. I l FINANCTIAL REPORT OF CONDITION Of the SECOND NATIONAL BANK ‘Washington, in the District of Columbia, at the close of n & o g of business on RESOURCES, 1. a Loans and discounts, including rediscounts, acceptances of other banks and foreign bills of exchange or drafts sold with indorsement of thu bank (except u.one shown in b and ©). . 2, Overdrafts, unsecured . 4. U. 8. government securities owned a Deposited to secure circulation ( value) b All other United States government securities (Including premiums, if any) $3,346,490.97 130. S. bonds, par $500,000.00 . Other bonds, . Banking house, $379,409.20; furniture an . Lawful reserve with federal reserve bank . Ttems with federal reserve bank in process of collection . Cash in vault and amount due from natior.al banks. . Amount due from state banks, bankers and trust companies in the United States (other than Included in items 3, 9 and 10) . Exchanges for clearing house . Checks on other banis in the same city o town as reporting bank (other than item 12 Total of items 9, 10, 11, 12 and 13. '$617,340.33 . & Checks and drafts on banks (including federal reserve bank) located outside of city or town of reporting’ bank. b Miscellaneous cash ity 95,890.45 10,463.53 $10,157.53 12,369.17 8. Redemption fund with U, 8. treasurer and due from U. treasure: . Other assets Total c.veevesvocncacs sesancses LIABILITIES. % $500,000.00 . Capital stock paid in 290,000.00 &. Surplus fund . 4 . Undlvided profits .... $88, a Reserved for Interest and taxes ac- 13,854.32 © Less current expenses, interest and taxes paid.. . Circulating notes outstanding .- Amount due to federal reserve Amount due to national banks . Amount due to state banks, In the United States and forelgn countries (other thar cluded in items 21 or 22) E Certified checks outstanding. . Cashler's checks outstanding. 3 Total of items 21, 22, 23, 24 and 2; 150,632.20 120,724.69 LR . "$331,862.08 Demand deposits (other than bank deposits) subject to re- serve (deposits payable within 30 days): . Individual deposits subject to check. . Certificates of deposit due in less than 30 days (other than for money borrowed) . Dividends unpaid .. Total of demand deposits lolher lhsn bank de- posits) subject to reserve, items 26, 28, 29, 30 and 31 £$2,655,620.13 Time deposits subject to reserve (payable atter 30 days, or subject to 30 days’ or more notice, and postal savings): . Certificates of deposit (other than for money borrowed) - State, county of other municipal deposits secured by pi of assets of this bank or surety bond. . Other time deposits. . Postal savings deposits Total of time deposits subject to reserve, items 32, 33, 34 and 35 .$2,088,.201.46 . United States deposits (other than postal savings), including war loan deposit account and deposits of United States dis- bursing officers .. . Bills payable (including all obligations repregenting money borrowed other than rediscounts). . Liabilities other than those above Eldled 2,633,602.03 59,804.00 500,000.00 1,515,502.52 12,894.94 95,000.00 100.000.00 024.46 Total ... 000 .$6,606,67 District of Columbia, ss 1. W. W. MARLOW, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowiedge and belief. W. W. MARLOW, Cashier. Subscribed and sworn to before me this 19th day of September, 1923. GERALD E. KE ry Public, D. C. (My commission expires November ) trest: VIR CLAUDE H. WOODWARD, NO H. RUDOLPH, SAM'L J. PRESCOTT, WALTER H. KLOPFER, F. W. MACKENZIE, ED L. STOCK, JOHN C. ECKLOFF, 5,1 ALLAA\L}ER WOLF, Directors. Your Right To Protection Even all First Mortgages can not be bought and put away without a certain amount of vigilance and care necessary on your part. But in these days it is your right and privilege to demand pro- tection from the house through which you purchase them. A good house will give you this. This company is ready to back its judgment, because the caution and experience we exert in the selection of the mortgages we sell is the same as if we were buying them for ourselves. And for fifty-four years this judgment has been vindicated. Swartzell, Rheem & Hensey Co. v 727 15th Street N. W. 54 Years Without Lost to An Investor There was a time—not so many years ago— ‘when coupon elipping, with its attendant benefits, was indulged in only by persons of considerable means. There was little opportunity for the small investor to place his funds where they ‘would be both safe and profitable. Through our Investment Savings Plan, how- ever, opportunity for investment in our Safe- guarded First Mortgage Bonds is extended to every one who is able to save at least TEN DOLLARS A MONTH. Some of these bonds yield as high as 7.13%. All of them are protect- ed by the definite system of safeguards which has made possible our record of 50 YEARS WITH- OUT LOSS TO AN INVESTOR. Why not start on the road to “coupon clipping TODAY? The Guide Posts are all marked in our Booklet SN-20. Ask us for a copy. % F.H.SMITH CO. ounded 1873 SMITH BUILDING 815 FIFTHBENTH ST. SOYEARSWITEWLOSSTOANYINVBER