Evening Star Newspaper, October 29, 1923, Page 21

FINANCIAL., NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN, NEW YORK, October 29.—Prairie Oil and Gas stock responded to re- ports that the company had offered to take over the controlling interest in Producers and Refiners' Corpora- tion on the basis of one share of the former company's stock for ten of Producers. But the initial advance ©of 4 points to 190 failed to be main- talned. When it was realized that| the “good news" was out, realizing | sales promptly made their appear- ance in the market, with the result that the stock dropped to 182. | 2 Trading generally started the new | week in much the same manner as it | had left off Saturday. Other oils | were not as well supported. Standard Oil and Standard of Indiana were also heavy, but the latter later hardened was dealt in at 55 most of the time. Considerable interest was again mani- fest in Mutual Oil, large blocks changing hands, but around previous- 1y prevailing quotations. Although Park & Tilford continued comparatively active, there was no sign of any revival of the upward movement. Evidently the objective of the campaign in this stock was reached with the publication of the | figures showing the results under the new management—a net estimated for the five months ending December 31 of $500,000, or $5 & share on the capital stock outstanding. It could not be said, however, that ss was apparent in st, while, on the bid prices up. 214 | ready for the important winter auto nd, little effort was made to | THE EVENING STAR, WASHINGTON, D. C, MONDAY, OCTOBER 29, 1923. | MOTOR FIRM REORGARIZES. LIVERPOOL: COTTON. CLEVELANT), October 29 (Special). —Reorganization of the Templar Motor Company is under way by for- mer stockholders and creditors, and it is expected that new models will be LIVERPOOL, Octoper 29.—Cotton— Spot, good business done; prices, | steady. Good middiing, 18.08; fully middling, 17.98; middling, 17.73; low middling, 17.08; good ordinary, 16.48; ordinary, 16.18. Sales, 8,000 bales, In- cluding 5,700 American. Recelpts, 18,000 bales, including 9. 900 American. Futures closed irregular. Ocmber‘l 17.52; December, 17.11; January, 17.04 March, 16.80; May, 16.58; July, 16.28; | September, 15.05; -October (1926). 14.50. Money to Loan ANY AMOUNT Reasonable Charges on ‘l‘rnlc Acceptances, Rouse Receipts, facturers’ Accounts, -Term First and Sece: Mortgages or Approved Col- Iateral. shows. The Rollin car, manufactured by Rollin White, head of the Cleve- land Tractor Company, also fs ex- pected to be shown at the winter ex- hibition. PARIS MARKET HEAVY. PARIS, October 29.—Prices were heavy o:l !he‘ bollsfln today. Three per cent rentes, 55 fi - figes rancs 25 cen. xchange on London, 76 francs 90 centimes. Five per francs 25 centime o [ o lommy o dollar wa. {r e e Quoted at 17 francs Foreign Exchange Quotations By Radio Daily at 10 o’clock from Ra- dio Corporation of America. Station WRC, the latest quo- tations_ will be broadcasted. Rates by private wire from New York. Special phone, Foreign Department, lf 8222. The Washington Loan and Trust Company 900 F Street EQUITABLE Co-Operative Building Association Profit By the Opportunity to Save —In times of prosperity it is wise to Iay aside part of your income as an o be able to gras ny presenty emergency fund, or opportunities that later. Subscription for the 85th Issue of Stock Being Recetved Shares, $2.50 Per Month FINANCIAL.' Investments— Protected and Profitable Webster defines mvestmemt as “the safe and pro- and that applies most aptly ductive outlay of money,” to our FIRST MORTGAGE NOTES The safety of the principal is absolute—the return of a good rate of interest assured. the details for you. Paying 6% and 62% And we handle all American Telephone & Telegraph Co. 136th Dividend ‘The _regular quarterly divides and Twenty Elve Centa per share. Wil bo- paid on Monday, October 15, 19! to stockholders of record at thr (‘h)lu of busi s on Thursday, September H. nmm -SMITH, Treasurer. American Finance Corporation _Glen Alden Coal was up slightly, at i ) Commereial National Bank Bldx. s within 3 points of ? the year. of New York, which had sold recently as high as 431, sold at 403, um | NEW YORK, October ing 'is an official list of stocks_traded in_on the Curb Market today: Consult Our Mortgage Department SHANNON & LUCHS 713 14th Street N.W. EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Seey. First Mortgage Loans Lowest Rates of Interest and Commission, & Comp-n . Inc, 788 15th Street s low- | o bonds_and New York Morsy to Loan Securse by frst deed of trust on resl estats. Prevalling interest snd commisel Joseph I. Weller 42 Wesh L. & "? Sales in 1n thousands. 8 Allled Packers 6s.. 2 Allied Packers 8s 4 Alum BONDS, e Margin of Security We Demand to Safeguard Clients Investing in Our 4 Duniier ¢ & Madio, 11 28% All Members of the o 0 Investment Bankers’ Association First Mortgage Notes 1m 4 1 i 10 Insures absolute safety under any and all 1 2 2 fr iy are cordially invited to visit ussome time It Upholds also our established record of || never having lost in lm'r pnuf‘lpll or e b e e Guaranteed titles and luhll{lnl‘! polk'lel || o S i aoe Notes of $100, $250, up to $5,000 | Now on Hand | ¥or fun particulars apply 'Donnell, Loan Department, CHAS. D. SAGER 924 14tk St. NW, Main 36, 1 Gltasomte 3 Gold Dust. Bui]ldl a B&rrier i Motor Prod new Prod pfd Peerless Mot el ok " during their stay in Washington. Rtadio Corp pfd 3 3 | et To those of you whom it will not be 18 Faher Bl os . 5 : : 1 Gen Awialt ‘8 oy —against adversity and old age by opening a savings 2 Kennecott lnP o Ll our pleasure to personally meet account and increasing it systematically. We Give Hearty Welcome to the Nation’s Capital There is no better way to bring happiness to the 2 Phila Elec 514 3 Pub Ser of N 13 Pub Ser Elec Po; 1 Reading Coal Gs. 7 Crecle Synd & Derby 0 & R pt wi 2 Glen Rock Oil 5 Gulf Ol of 10 Humphreys Oil 20 Keystone Ranger. sunset years of your life than by regular saving. 3% ON SAVINGS 8% FIRST MORTGAGES We are offering the above in amounts from $2,000.00 upwards. All loans based on 50% of value of property,” with fire insurance cov ering full amount of lown. Title our ‘attorney’s opinion furnished. No charge made for collecting quarterly interest coupots, This clty considered most substantial in Fiorida. BANK OF SOUTH JACKSONVILLE, BOUTH_JACKSONVILLE, FLA. Established 1918." Federal-American National Bank 1315 F Street W. T. Galliher, Chairman of the Board A Department Store of Finance . .1 Mount Guit 137 Mutual Oil ¥ John Poole, r ——— President FOR INVFSTMEN.I; - vr ‘ FIRST MORTGAGE LOANS Denominations $100 to $6,250 Interest Rates 6% and 7% 1 24 Royal Canad 0'& 1t 1 Sait MIERJICAN SECURIT AND TRUST COMPANY RN, B SO NO UPS AND DOWNS Y% Am L & Tract.... 2 Arch Dan_Midiand 4 Bridgep't Mach w § 1 Brit Inter'l Corp A 1 Brit Tnter 1 Corp B 15th and Penna. Ave. Capital and Surplus, $5,400,000.00 BRANCHES 7th and Mass. Ave. N.W. 8th and H Streets N.E. 436 7th Street S.W. 1140 15th Street N.W. No need to watch market reports or worry over financial conditions if your money is invested in our FIRST MORTGAGES Our Mortgages are so safeguard- ed that no market fluctuations can affect the stability of your invest- ment. Central : Northeast Southwest : Northwest: All loans secured on modern homes and busi- ness property in best northwest sections of the city. Ask for Information RRIS CA | Mortgage Depart; | 913 15th St. N\W. Main 617 7 Unit Ry of Hav Ti4s FOREIGN BONDS. 8 Exm Netherlands 0 95% 3 Russian Govt Sige.. 8% 2 Russian Govt 6% of m,. 1 Bwiss Govt 5k4s 993 7 Swiss Govt b 9 5 U S of Mexico 4s.... 30% Sales STANDARD OIL ISSUES. 1o units. 300 Anglo-Am_ Oil 110 Buckeye P L . 400 Continent Oil new. 40 Eureka P L. 8 Yukon G; DRY GOODS OPENS FIRM. Fairly Good Inquiry as Week Be- gins—Silk Firmer. Special Dispatch to The Star. i| NEW YORK, October 29.—Cotton g5 | €0oods markets opened firm today, with a fairly good inquiry. Print cloths were quoted at Saturday's for the sixty-four sixty, and 12 for sixty-eight by se enty-two. In the raw silk mark. prices which had skidded all Over a Secured on property in the City of Washington, these Mortgages offer absolute safety for both principal and interest. Quarter of a Century Without a Loss Further, they bear an unusually high rate of interest for such abso- lute security—6%:%. i 9% INDEPENDENT OIL STOCKS. Adreds. Carib Synd BUSINESS BOOMING IN TEXAS TOWNS Enormous Buying Due to 30- Cent Cotton—Banks Flooded With Money on Debts. andstill today. ever, continued sharply B. F. SAUL CO. Main 2100 1412 Eye St. N.W. Imited. MILLS ON PART TIME. Big Cotton Goods Plant to Run Only Three Days a Week. SACO, Me., October 29.—The York Manufacturing Company announced to- day that beginning November 5 its cot- ton goods plant would be operated only three days a week. Dull business was given as the reason. The mills em- ploy 2,100 operatives. NEW YORK EGG PRICES. NEW YORK, October 29.—Eggs, firm; receipts, 3,335 cases; fresh gath- ered, extra firsts, 48a52; do., firsts, 5% 47; do., seconds and poorer, 28a38; New Jersey hennery, whites, closely selected extra, $0a84; nearby hennery, whites, closely selected, extras, 80a84; state nearby and nearby western Hennery, whites, firsts to extras, 62a78; nearby hennery, browns, extras, 58a62; Pacific coast, whites, extras, 72a75; do. firsts to extra firsts, 63a70; refrigerator, firsts, 30a31%. —_— Felt was a Tartar invention., and goes back thousands of years. In north Asia, beds, clothes, houses and much else, are all of felt. g Special Dispatch to The Star. FORT WORTH, Tex., October 29.— Southwestern towns are teeming with retall buyers for the first time since 1921 as the result of 30-cent cotton and following the debt-paying period, in which old accounts were liquidated and the public got’once more on a cash-paying basis. Bankers report more money on hand than they have employment for, and deposits are growing weekly. In some instances, deposits have shown a 90 per cent gain in October. The; month now ending will go down as one of the most prosperous ever. Au- tomoblle dealers are complaining of & car shortage. They are selling ma- . chines faster thai ‘hev can obtain delivery. All of this prosperity is in the face of a severe w--ther handi- cap. The mildress of the fall has not encouraged buying, especially in the clothing lines. Japan Is Heavy Lumber Buyer on Pacific Coast Special Dispatch to The Star. i SAN FRANCISCO, October 29.—A 20 | per cent increase in lumber exports to Japan In the past two wecks has served to steady the pacific coast| lumber markets, which had snown'| Bank & a falling off in demand, due largely | Trast to_agricultural depression in the! Trast Co. central part of the state. Members! Stocks of the California Retail Lumbermens’ Association, in sesslon here Saturday, reported that lumber demands in larger coast cities were almost of summer volume. Orders already | placed with mills indicate that Japan will take fully 30 per cent of the cat. Continaed exports to Japan are forecast until the devastated areas have been completely rebuilt. No price increases are looked for. Seasonal Slump Halts Automobile Industry Special Dispatch to The Star. CLEVERAND, October 29.—Al- though automobile production has not pioked up here as much as some «utomobile manufacturers expected S1l, other motor car bullders staté®gtoday that business has main- tained a terrific pace for eighteen months and the slackening is only natural. Automobile ownership in this oountry is increasing at the rate of 29 per cent a year. Despite the slowing up one manufadturer shipped 1,100 cars in September. The steel business being placed here is largely for use in making motors, although makers of railroad speciaities and farm implement | Phomes 4000 to 8010 John makers also are in the market for *wght requirements. The Wnlmlérm Office of The National City Compan o T Nusons! Cly Compy United States Treasury ment and & short walk 1.B.A. Coaveation Headquarters. 811 Vermont Avenue N.W. Deals in the Best Real Estate Securities First and Second Trust Notes and Ware- house Receipts are purchased at fair rates - Its 7% First-Mortgage Notes, SECURED by Tmproved SIHE NaTtionarL Crty CompaNy extends a cordial District of Columbia Real Estate, Are a GOOD a9 i INVESTMENT. Offered in_denominations 4 sl welcome to members of the Investment Bankers TR Association, and offers the facilities of its Wash- J.K.Rice,Jr.&Co. Invite Inguiries on Cushman’s Son Inc. This office at the nation’s capital is one of more than fifty maintained by the Company throughout the United Statesand Canada to give complete service to banks, bankers, dealers, and corporate and individual investors in the purchase and sale of high-grade Bonds, Short Term Notes and Acceptances. A 11,000 mile private telegraph system aids our organization to serve clients in all parts of the country, quickly and effectively. Large Estates from Small Earnings IT is rather the exception for a person to start with a good-sized investment, be- cause most estates are built up by starting at the beginning. Baking Stocks United Bakeries Ward Baking Bank of America Central Union Trust Equitable Trust Farmers’ Loan & Trust Guaranty Trust Franklin Insurance Fidelity-Phenix Ins. Great American Ins. | Hanover Insurance National Liberty Ins. American Cyanamid Bucyrus Company Crowell Publishing McCall Corporation E. W. Bliss Pitts. & Lake Erie Stk. Lehigh Val. Coal Sales W. Va. Pulp & Paper White Rock Min. Spgs. J.K.Rice,Jr.&Co. % Wall 5t N. Y. To start now, with even $100, and to add to it, allowing the interest to accumulate, is the sowing of the seed. Osr bookles “* Bonps AND BANKERs'” briefly tells of the organization, scope and opera- tions of The National City Company, and explains the comprehensive work of research and investigation in which it is constantly engaged. A copy will be semt 80 you om request. We have seen many such starts grow into fortunes of hundreds of thousands, because those who have invested in our First Mort- gages have never lost a penny of their prin- cipal or interest, and, therefore, have had a free mind to devote to the work of earning an even greater return in their own line of en- deavor. i.ei Us Tell You What We Have Seen! Swartzell, Rheem & Hensey Co. 727 15th Street N. W. 54 Years Without Loss to an Investor Miscel- laneous Stocks THE NATIONAL CITY COMPANY Head Office: NationaL Crry Bank Buirpine, New York " Washngton, D.C,, 741 Fifteenth St, NW, — Tel. 3176 Main