Evening Star Newspaper, November 25, 1923, Page 31

FINANCIAL, Next Treasury Loan Expected To Approximate $300,000,000 ‘Heavy Disbursements Are Due in Near Future—Mellon Tax Plan Gains in Favor—Prices of Local Securities. The new Treasur _be floated: on or 1 next, will assume heavy propbrtions. seems no doubt. Public debt dis- bursements will total about $445,- €00,000 in 'December, and $50,000,000 additional will be paid to holders of treasury sa gs certificates on Jan- uary 1, making total payments of 805,000,000 in addition to ordinary expenses. Receipts loan, which will ore December 15, comparatively Of this there and profits taxes are stimated at $300,000,000, which leaves $205,00 000 to be raised through the issuance of a new obligation. The cash bal- nce of the Treasury Department is how approxin §150.000,000, which sum will probably be appreciably re- duced before major expenditures fall due next month. In order that cur. rent expenses can be paid for an considerable time a more substantial “cash on hand” in the ger fund and for this reason it d .that the forthcoming approximate at least § 000,000, 3 There is much finincial circle peculation in local a$ to the nature of the new offering. However, the con- Sensus seems to be that an issu three-year notes may be year, "It is recalled, certificates was sold and thix was follow ssue of T ury not Some bankers thin r procedure will be will E ie current demands t month, and that usiness slump that hould be pos bligation of notes n can be obtained the middle with the comes in ¥ sible to float an on better terms th in December. Will Broadeast Finaneial Talk. What Eliot H manager of the and Trust Compy chal eyent” will inaugurated by the institution tomorrow night ut cloek, when William H. Baden, trust will broadcast the first ¢ of talks on the operation « trust company. . The first lecture will topic “Life Insurance following week he untary Eiving Trusts.,” and the K afterward hissubject will be a WIll?" Other subjjects will nnounced from time to time. The ks will given by invi- fon from the Radio Corporation of Ameri and will. be broadeast from station They will be sAye I8 an have as in Trust.” The will talk on “Vol- its w Senator Royal S. Copeland of New York was the principal speaker at the last ting of the nt Jasper Post, No. 1 10 n held at Club. T « a unjust the r tempt to set up A tax reduct the vote In favor of the adjusted com- rensation bill and further stated that he would vots for the bonus, if he stood alone in doing so. The follow- Ing officers were nominated: Ralph A. Cus commander; Walter A. Gould, first vice commander; Horace A. Kelly, J. Paul Ratcliffe, second viea Robert Hetzer, Joseph J. Miles, third vice com- nders; Russell W. Clarkson, his ian; A Parker Hitchens, surgeon Hugh K. Fulton, as E. Walsh, Edward R L. Marthill: color bearers 1 Robison. Leroy B. Foster, w offh and Roy E. Hughe P rms. The elec Neld December 13 at the City Club. The post bowling team met the Me- Groarty-O'Connel five on Friday and continued the good work in the Le- gion League. Joseph L. Rrownfmade the highest score for the Jasper® team on Wednesday in rolling a_count for 128 in the game against the Cissell- Saon Post. The Hiram Cash Post will be the opponents of the Jasper men next Tuesday evening at King Pin all A¥a B. Mustain has been notified that he has been commissioned cap- tain in the Officers’ Reserve Corps. The last meeting at which Com- wander Thos J. Frailey, who has declined nomination for ection, will preside will be the ing of the election of officers December 13 at City Club. e D. Chesney of Swanton, Nebr. and R. P. Gruwell have been admitted to membership. mey Serg Americ Legion, the senator n to kill EqualitysWalter _Reed Post, No. 284, Veterans of Forcign Wars. will hold next meeting December 6 at Pythian Temple, 1012 9th street northwest, which will be the last meeting previous to the annual elec- tion of of This po sented by its lopted a_resolution pre- Myron D, Smith, indorsing the ory tion of oreign Ser fce Club,” to be located in some suit- able central part of the city, and its membership to be composed of Vet- erans Foreign War membe also woldle: sailors and marines who have geen service on foreign soil ar in for- elgn waters during som T or cam- paign conducted by the United States. Myron D. Smith, Edward S. Bette heim, jr., and W named as the organization committee of the Foreign Service Club, and copies of the resolution were ordered forwarded to the¢ department and to the several posts, also to the Mili- tary Order of the Cooties for similar action, The following members were ob- ligated at the last meeting: John W. Butcher, George H. Royal Wycroff, Willlam Rodgers and J. C. Hunsucker and the following mem- bers were received on transfer. Allen Barber, late of Post No. 637, A. O. Younger. late of Post No. 700, and Monroe Blaks, late a member at large Sergt. John W. Butcher has been designated as the recruiting represent- ative of Equality-Walter Reed Post for Bolling Field and vicinity. His Wddress is 3351 Nichols avenu# south- st. = “%fn addition to the membership campalgn committce of this post now Jocated within the city proper, the following additional members have been appointed: Sergt. Cornelius O'Rourke, Ward. No. §5, Walter Reed Hospital; Claude B. 'Phelps, 1203 WKearney street northeast; Judge L C. Fisk, Ballston, Va.; James E. Emge, West Falls Church, Va.; James E. Mlackley, Clarendon, Va. 'also Harry R. Lemerise, Brentwood. Md., Edward Campbell, Riverdale, Md, and S. P. Cannon, Landover, Md. The Vincent B, Costello Unit held & social meeting at the home of Mrs. Mary Shanahan, 3906 13th street northwest, Tuesday evening. These social gatherings will continue to be field on tho third Tuesday of each imonth at the homes of varfous mem- bers. The next business meeting will be held December 4, room 500, 1423 New York avenue. . At the last meeting of the Tank Corps Post, American Legion, Com- mander Frank L. Peckham, who re- cently returned from the national 'convention at San Francisco, gave a brief account of the convention. A resolution was adopted urging that Congress not appropriate any funds for the relief and care of German subjects in Germany. A copy of the resolution was sent to the executive committee of the department of the District ‘of Columbia, and included ¢ | auction, brief, and will be dellvered by an authority In ample control of his subject. 2 Chapter Charters Theater. Washington Chapter, American In- stitute of Banking, has bought out- right the Belasco Theater for Mon- day evening, December 3, where “A Lesson in Love,” starring William Faversham and Emily Stevens, will be show The object of this theater party is to raise funds with which to enter- tain the delegates to the national conventlon of the institute to be held in Baltimore next July who will visit in Washington. Inasmuch as many members of the conclave will want to see the National Captical, the local chapter will bend every effort to ex- tend unstinted hospitality—which will probably regult in the selection of this city for the annual convention at some later date. Real spirit” evening has n_ promised, and a number of special stunts between acts are scheduled. Joseph D. Yerkes of the Federal-American has charge of the ticket distribution. Mellon Tax Planx Favored. The week's outstanding movements have occurred in markets for pig iron, cotton, stocks and forelgn exchange. The most significant of these m ments has been the renewed activit in plg iron demand, with sales of at least half a million tons. Much favorable comment was again d, both in financial circles and elsewhere, on the propo: tax public opinfon leaning | strongly toward the support of Se retary Mellon's suggestions. Prices of Unlisted Securities. The following latest “bid” and “asked” prices for unlisted securities are quoted for the guldance of hold- ers of these securities: BONDS. during the Metropol 13 5 Didtrie Exchange Bunk hwest Savings Bank. Savings Bank. Savings Bank ingx T Standard Nutional B Washington Title Ins. (o .. Aashington Base Ball Club Woodridge & Lan, Bk ik | an appeal that the matter be brought tention of the national body. mmittee was {nstruct- a place for a dance to New Year eve. John. E. ". Moody and Barrett Y. were elected to member- PnEAK given Lynch, J. Williams ship. The Tank Corps Post Auxiliary met at_the home of Mrs. Wade T. Akers, 1 Park road, and after a business session supper was served. Officers of the Vincent B. Costello Post, American Leglon, were in- stalled at a meeting Tuesday night at the Wardman Park Hotel. The officers, who were installed by De- partment Commander Paul J. Me- Gahan, were: Commander, Ezra J. first vice commander, J. J. second vice commander, F. g . and third vice commander, D. Bowie, atson B. Miller, past national vice commander, presented medals to Dr. Walter F. Sullivan, retiring post commander, and Maj. Danfel J. Dono- van, past commander. _The Ladies' Auxillary of Equality- Walter Reed Post, under the direc- tion of Mrs. James H. Reed, 1228 B street southwest, have arranged to hold its Christmas entertainment in the Red Cross bullding, Walter Reed Hospital,” December 23, at 2:30 p.m. The auxiliary is being assisted by the post in this hospital activity and an interesting program s being pre- pared by the committee. Donations can be sent to Mrs. Reed or to W. G. Jamieson, 711 Mount Vernon place northwest, = A direct call upon every member of the American Leghon in the Dis- trict of Columbia to enroll as a mem- ber of the American Red Crods dur- ing the seventh annual roll call now in progress nhas been made in a bul- letin issued from department head- quarters at 1423 New York avenue, by Department Commander Paul J. McGahan. . Since the organization of the Amer- ican Legion its branches throughout the country have worked in close co- operation “with the American Red Cross, and with particular success with the problems that have con-| fronted the former service men and women. This redoubled activity on the part of local leglonnalres has come about through the lageing of the local campaign for contributors to the funds of the American Red Cross. In the bulletin sent to the com- manders of the twenty-nine posts of the American Legion in the District of Columbla for delivery to the 3,600 members in Washington, Department “ommander McGahan said: “This department should get very emphatically and energetically | be- hind the annual roll call of the Amer- ican Red Cross which fs now in progress and which, we are all sorry to say, Is lagging behind here. in shington. The American Toss and the American Leglon have worked In the closest harmony and co-operation. The Red Cross s an institution with a splendid history and former service hen and women know its_worth without being given details. Each member of the Amers lean Legion should enroll. It costs but a dollar and, if the means of the member permits, more sustaining classes of membership should be as- sumed. And it would be well, in making the contributions, to cause to be noted on the card that the donor is a member of the American Legion 8o that the Red Cross officials may know that the American Legion mems. bership is interested and aotive in behalf of their organization.» Many members of the .American: Legion In the District of Columbia will be present gn Tuesday ni 606 E street n‘or(hweul. ,;vl:lefmAgf jutant Agnes McKernan of the Saiva- tion Army will give a lecture on her four years 'of war work in Franee. Adjutant _McKernan has recently come to Washington and had a re. markable war record with the dough- nut brigade. There will be a meeting in Wash- Ington of the department commany: ers of the departments of Maryland, West Virginia, Virginia and the Dis- trict of Columbia of the Amerjean Legion, next Friday. This has been called by Department Commander McGahan for ghe purpose of organ- izing the fourth district rehabilit tion committee of the American Le- gion_for the work for 1924. James A. Drain, past department ~com- mander, who has been chairman of that district committee for several years, will also attend this session. and it is believed that if he wili again accept the position he will be the choice of the department commanders for another term. The annual Qlectl%of officers of tlie Stuart Walcott P of the Amer- » - THYE SUNDAY STAR, WASHINGTON, D. C, NOVEMBER 25, 1923—PART 1. RANGE OF MARKET AVERAGES, |ACUINGTON NEWS BUYING N STEEL SDSAPPOINTIG Metal Review Shows Demand for Small Lots Only—Cop- per Slow—Tin Up. By the Associated Press. NEW YORK, November 24.—The volume of new buyilng in steel was again disappointing, with purchases mostly limited to small lots for im- mediate delivery. While buyers ap- peared to anticipate reduced prices, the list was well maintained except for a little shading here and there, as producers consider the prospects for new business very favorable and ex- pect a broader buying movement in the first quarter of the new year. In plg iron, sales were the largest in several months, as prices appear to have declined to a level where buyers could operate with confidence. Copper ruled easier, with demand slow. Buyers for domestic consump- tion "have either covered their im- mediate needs orgyithdrawn with the falling off in export demand. which was due to the violent fluctuations in exchange. Rumors that small lots were offering at a shade under the 13-cent level lacked confirmation, and some of the larger producers were still holding for 13% to 131 cents on the fdea t! the supply a ble the low prices was comparativ limited. Tin advanced quite sh London improvement, was checked by profit- American deliveries are approach a record for Lead was firm owing movement inta cons fairly bullish statistic Zine showed steadiness, with a fair consuming demand from shect mills and rather le pressure to sell Antimony. was quict and steady. Only a moderate suppiy is available for the balance of the arply on the t the upturn aking sales Plea for Funds to Erect Edifice at Carville, La. An appeal has been sent out by the Washington Auxiliary, Mission to Lepers for funds to aid in the erec- tion of a church for America’s only leper hospital, at Carville, L It is stated the church to be erect- Wwill cost about $20,000. Mrs. ington Topham, U st reet northwest, is treasurer of the fund, 349,000 IN INSTITUTIONS. 19,000 persons in the United were being cared 7 public institutions or ary 1. according to a survey made yesterday by t of Commerce. Homes for adult children,- child-placing age nurseries, and homes for women or girls and for and destitute mothers with their chil- dren were considered in the survey. FIRE DAMAGE $500. Fire in the anden Heuvel, evy Chase re. 16 - “estimated at $ hampered the work of firemen summoned to the Dense smoke District scent lcan Legion of the Department of the District of Columbia will take place at a meeting to be held at the Dis- trict building next Tuesday night Robert P. McCandlish, the retiring post commander, wHl preside. The new officers will be installed by - partment Commander Paul J. { Gahan. D Me- Announcement will shortly Le made by Miss Rose O'Nefll, the newly elected commander of the U. S 8 Jacob Jones Post. American Legion. of the appointive officers on her staff for the ensuing vear. The members of this post, who served as yeomen, (F) in the Unite States Navy durfng the world war, are planning a series of winter activities of an extensive nature. In these activities Mrs. Martha Whitcomb, who was elected e commander of the post, and Mrs. Sarah Kaske. who was elected quar- termaster, will have an active part Both have long been members of the post and most energetic in its affairs. Through an error, when the names of the new officers were made public recently, their names were not in- cluded. When John J. Quinn, the nationa. commander of the American Legion, first visits Washington, an invita- [tion to be their guest at an informal reception at the National Press Club has been extended in behalf of the National Press Club Post of the American Legion. The annual meet- ing_and election of officers of this post is scheduled to be held at the clubhouse December 11. Col. 1. W. Clarke is the retiring post com- mander. The success of the recent Forget- Me-Not day campaign is expected to result in an early convention of the chapters of the Disabled American | Veterans of Maryland. J. R. Me- Donald of this city, national com- mitteeman for this section, Is plan- ning for an early call for a comfer- ence at Baltimore. or Perryvile, Frank J. Irwin, E. W. Pumphrey and Ralph Chambers are the repre- sentatives of the Disabled American Veterans on the committee of vari- ous former service organizations here and have combined with Gen. Anton Stephan to urge Congress to provide a suitable armory for the District National Guard without fur- ther delay. The determination of the Disabled American Veterans to place the cause of the war's disabled before Congress in the strongest possible fashion was Indicated during the past week, when National Commander James A, Mc- Farland of Dalton, Ga., paid a flying visit here, l¢ased an apartment, and announced that he would return’ next week to remain until Congress had enacted certain measures in which the Disabled American Veterans is especially interested. The canvass of Congress, whick the Disabled American Veterans has been conducting for months, is said to in- dicate that in both the House and Senate there is a strong majority in favor of legislation for the disabled being gotten through without the long delays that have marked sim- ilar bills in the past. As_soon as Congress reconvenes, Commander McFarland will meet by appointment the floor leaders on both sides and expects to reach an early agreement for.expeditious treatment for the legislation which he Intends to press. A number of national civic organi- zatlons have joined the fight which the Disabled American Veterans pro- poses to wage for justice to: the “dis- abled, and Commander McFarland ex- pects to direct all these forces. Mrs. T. E, Fawcett president of the American Legion Auxlliary, Department of District of Columbia, called an ex- ecutive committee meeting at her home, 1404 Allison street northwest, Monday evening, November 1 A card party will be given by the Unit of the Tank Corps on December 1 at the home of Miss Kondrop, 3012 Cam- bridge place northwest. The Unit of the Stuart Walcott Post, No. 10, will hold & meeting at the home of Mrs, Eva M. Taylor, the Conrad, to- morrow evening. Nominatlon of officers will be made, R — 192 by QUAR I"QuAR 2°Qu 1922 The chart above shows the high and low, by weeks, of forty representa- tive stocks dealt in on the New York of July, 1921, up to and including t Solid curve represents 20 industrials section indicates volume of . compiled by the Wall Street Journal. s of all stocks. Stock he w and xchange, from the first week -k ending November 24, utline curve Averag, The Year 1923 to Date on the Washington Stock Exchange. Furnixhed by W. B. Hibbs & Co., Hibbx Bldg. Up to and Including Sales. BONDS. $20,000—C. and P. Tel. of Va. §s. . Power 6s, 1953, Gas 6s, 1933 na. and Pot. River R.R. . and P. Telephone 1st 5s. 194000—Capital Traction 1st bs... 11,000—€ity and Suburban Ry. 26,500—Georgetown Gas Light 1st etropolitan K. R. 1st Gs. E Power 1st 5s Elec. Power cons. 5s.. Elec. Power deb. 000—Pot. —Pot. 59,600—Pot. 00—Wash., 0—Wash. —Wash. 10— Wash. and Annap. ght gen. 58 and Elec. cons, . and ngton Gas 42300—Pot. Elec. Power Ts o 500—Dist. of Col. Paper Mfg. 6s. tiggs Realty (long) os 1st 53 November 23, 1923. Open. High. . 94 44 L 101% 2 1003 87 9814 963 80 90 9% Low. 92 100 100 87 a5 Closs. 931 101 100 1 800—Wash. Market Cold Storage os 21,500—Wardman Park Hotel Share: STOCKS. 3,552—Capital Traction ishington Gas . . Steamboat . -c. com. ec. ptd. Bank Natloual District National Bank.. carm. and Mech. Nat. B deral-American Nat. Bank National Bank. at. Metropolitan Bank. 0—Riggs National Bank. —Riggs Na nal Bank righ and Tru 359—Continental Trust g ational Savings and Trust. §7—Union Trust .. 50—Wash. Loan and Trust. 434—Merchants' Bank. and Ti 20—East Wash. Savings Bank 20—Sec. Sav. and_Com’! Bank. 20—Washington Mechanics’ 46—Firemen’'s Fire Insurance. 100—Columbla Title Insurance. 41—Real Estate Title Insurance. 1.485—Mergenthaler Linotype 2,065—Lanston Monotype —Security Storage .. 523—Washington Market 6s 30—Banking Trust and Mortgage 260—Citizens' Savings Bank. 37—Departmental Bank . S$—Munsey Trust Xortheast Savings . Title Insurance. sh. Title Insurance 1—Chapin-Sacks § per cent pre * Cash. DRY GOODS PRICES BEING MARKED UP Advances Are Reported on Hosiery and Also on Heavy Under- wear. By the Associated Pres NEW YORK, November Falr- sized sales of print cloths were made on a basis of 11 cents for 38%-inch §4x60s for delivery in January, Febru- ary and March. Other cotton goods Tule quiet and generally steady in first hands. Clearance sales are oc- curring in jobbing houses in different parts of the country. Yarns are ir- regular and in light demand. Hosfery | prices are being marked higher and Rdvances are being named on heavy underwear. ew prices on the finer grades of wool blankets are not to be advanced, hut on mixed materials advances range from 7% to 10 per Silks re- cent. Burlaps are quiet. main generally quiet. TIMBER FAMINE SEEN. Association Head Urges Elimination of Waste. A world famine in timber is now teared. President C. L. Pack of the American Tree Assoclation has called the attention of the United Siates Chamber of Commerce to this danger, which threatens eventually to become a world problem. Industry requires an enormous quantity of timber. To provide poles for telephone and telegraph wires alone, 5,000,000 trees are cut each year and 200,000,000 feet of ‘wood are consumed annually. Miilions of, feet are used in construction, millio; for rallroad ties. All these are neces- sary, but there Is waste, enormous waste, that can be ellminated, Mr. Pack asserts. Millions of feet of timber are used for packing boxes that are used onci and thrown-awa: In five years for- cat fires in America have destroyed ,000 acres of forests. B8 aate that menaces the timber supply, not industry. COTTONSEED OIL EASY, NEW YORK, November 24.—Cotton- le\ed oil was easy, due to liquidating sales in November and local selling ort the decline in lard and cotton. Closing bids.were 4 to 10 pointe net Jower. Sales, 8,100 barrels; tenders, 600 barrels l')l’lmlel crude, :JA&SDI:'&& rime summer yellow, spof ? 11.41; March, 11.62; May, Tree December, all bl i 11.80, k.. ank ... its. . UNLISTED DEPARTMENT. B0—American Com. and Savings Bank. 12 10 12 ferred. . COTTON MARKET NERVOUS Net Declines of 10 to 21 Points in Saturday Trading. NEW YOK. November 24—The cot- ton market had rather a nervous and irregular appearance today, which attributed by local brokers to ning up of commitments for over the week end and the probable cireu- lation of notices on Monday morning. At times December was relativel weak under scattering liquidation, but at the close showed a premium of 52 points over January, and mid- morning declines were followed by partial recoveries. March contracts, which sold as low as 3482 on the break of 36 points net lower, closed at 34.97, with the general market closing irregular at net declines of 10 to 21 points. / BUYING IN PIG IRON. Lively Trade Revival of Special Features of Past Week. Special Dispatch to The Star. NEW YORK, November 24.—An fm- portant development of the week has been the buying of pig iron, which is being characterized as feverish. Price boosts have resulted, some pro- ducers lifting their figures from 50 cents to a dollar a ton. It remains to be seen whether the price raising will be permanent. Buying of steer. however, has not shown the same ac- tivity. "But among stock traders there is now a decided air of confi dence In steel shares. The promise of the railroads to order 95,000 new cars within a few months has stimulated confidence. COPPER DEMAND LIGHT. NEW YORK, November 24.—The de- mand for copper has remained light during the past week, and sellsrs have made further concessions with quotations for electrolytic now rang- ing gyom 12% to 13% for spot or nearby delivery, although producers are asking from 13 to 13% for for- ward shipments. Iron was firm. FLOUR IS UNCHANGED. - MINNEAPOLIS, November 24— Flour, unchanged; shipments, 60,881 barrels. Bran, 26.50a27.00. Wheat, No. 1, northern, 1.08a1.13; December, 1.09 May, 1.15. Corn, No. 3, yellow, 70. Oats, No. 3 white, 39%a39%. Flax, No. 1, 2.45%a2.473%. A —_— First phonograph for recording and reproducing sounds by means of a wax_record was_patented in 1886 by Bell and Talnter, Edison’s ma- chine in 1578 using tin foil. ! Jof funds back PUTS WHEAT DOWN Traders Hear of Opposition to U. S. Financing Ameri- can Exports to Germany. By the Ansoclated Press. CHICAGO, November —Wheat averaged lower in price today large- ly as a result of Washington reports that the administration was opposing new schemes of government ald to finance American exports to Ger- many. The market closed unsettled at a range varying from % cent net decline to %al cent decline, with December 1.03 to 1.03a1.03% and May 1.08% to 1.08%. Corn finished un- changed to % cent lower; oats un- changed to % cent higher and pro- visions unchanged to a rise of 15 cents. Lower quotations at Liverpool as well as selling here by selling house with foreign connections were bear- ish factors in wheat and emphasize: the initial downward tendency which prices were given by the news from Washington. _As the progressed, offerings of December and May were more readily absorbed, and a major- ity of dealers appeared to be less dis posed to operate on the selling side in those months, notwithstanding tha the domestic visible supply —tots Monday promised to be double th of a vear ago. Seiling of continued free. and bot- Primary receipty of wheat today included 200,000 bushels of duty-paid Canadian wheat at Toledo, but the week's total arrivals at- United e primary centers were to a material extent less than for the previous eek or for the corresponding time her hand, no do- d from whe for the estic w! United States ports yesterda 4 year back the amoun! day wi 1,153,000 bushels. tie milling ‘demand was reported day as of a hand-to-mouth character. With receipts of corn here reach: ing good volume, liquidating sales o December delive were heavy in the srn market, but May and July held Jout steady. Oats were scarce, and the market grew firm. Provisions tended hogs. SHARP ADVANCES IN CURBS IN WEEK Prairie 0il and South Penn 0il Make Largest Gain—Other Big Jumps. upward Wwith 4 —Activ- on the groups of W YORK, ity and strength curb market in many of stocks at frequent intervals during the past week, but the advances g erally were not fully maintained, al- though many stc at the end of the week were established at mate rially higher levels. Indications c changed conditions in the petroleum industry and developments looking to consolidation of competing com- panies through absorption of pendents by Standard Oil were effective in decreasing offering in many stocks at around pre prevalling prices, and ditlons were eneral the better becau supply and general broadening of de- nand M Tairie Oil and Gas, which is as- ming greater prominence in the Standard Oil group, ranged from 154 to 2041, and Prairie Pipe Line moved up from 931 to 98%. South Penn Oil was one of the strongest feature ranging from 106 to above 123. Stand- ard Oil of Indiana was traded in on a large scale and rose from 551 to %. Standard Ofl of Ohio made a ain of 8 points to 284 & Other Stand- ard Oil issues generally rose from to more than 10 points. Illinois Pipe Line. which dropped to 115 in th preceding week on the dividend re duction, rallled to 148, but reacted from that level in the later trading. Tndependent oil stocks also show pronounced strength, Royal Canadian moving up from 3% to 47 and Mu- tual advancing from 9% to 11%. New Mexico Land made a gain of one point at 5%. MONEY RATES FIRM. Weekly Review Shows Brokers’ Loans Around $1,300,000. NEW YORK. November 24.—A further rise in stock prices, establish- ment of the highest quotations on cotton futures in three and one-half years, declaration of a number of in- creased or extra dividends and a ! i 1 | i | i { | sharp break In sterling and other for- | eign exchanges, followed by a brisk recovery, were the features of this week’s financlal market. Operators on the long side of the stock market found little difficulty in bringing forward new leaders when the old fayorites showed signs of halting on profit-taking and a Te- | hewal® of bear selling. Despite the | steady increase in stock prices since ! October 31 brokers' loans are reported to have held relatively steady around : $1,300,000. Money rates continued easy, the flow to flected in the week]y bank statements giving promise of a continuance of that condition. $1,000,000 FAULURE. ati Brokers Ask Appoint- ment of Receiver. CINCINNATI, November 24—George A. Sawyer, a member of the brokerage firm of Channer & Sawver of this city, for which a receiver was asked tod: when asked concerning the application for a recelver said to a reporter tha “iwe fafled for about a million dollar: LIVE STOCK MARKETS. BALTIMORE, Md., November 24 (Special).—The general live cattle market rules quiet as is usual just before a holiday, with receipts of first quality stock ample for all require- ments and demand only fair. Spring lamb continues best sellers, but com- mon to ordinary stock is slow =sale even at the lower prices quoted. Wharf receipts continue light and mostly of only ordinary quality. Quotations today Light = street WhATSE cattle, first quality, 1b. 7 to 8; medium, 5 to 6; bulls, as to quality, 4 to 5; cows, cholc: Cincinn at to fancy, 4% 1o 51%; common to fair, to oxen, o eality 4% to 5i4: milk " cows, cholce to fancy, head, 50.00 to 75.00; common to fair, 30.00 to 50.00; calves. veal, choice, Ib. 12; ordinary t medium, 10 to 11; rough heavy com- mon, 4 fo 6: sheep, choice, 5 to'6; old bucks, 4 to 4%; common, 3; Tambe, apring, cholce, 12 to 13; fair to good, 10 to 1i; common, thin, 7 to 8; hogs, straight, b to 6: stags and boars, 3 to 4; iive pigs, as to size and quality, 8 to'9; shoats, as to size and quality, 7 to 8 NEW YORK., November 24—Cattle —Receipts, 220 head; steady. Steers, 5.00a9.50; bulls, 3.00a4.50; cows, 1.10a Calves—Receipts, 400 head; steady. Veals, 13.00a13.50; culls and littie calves, 5.50a6.50; grassers, 3.00a4.00. Sheep and lambs—Receipts, 1,130 hea: steady. Sheep, 4.50a6.00; culls, 1.75a2.75; lambs, 13.75; culls, 7.50a8.50. Hogs—Receipts, 690 head; steady. Light to medium welghts, 7.26a7.50 Digs, 6.25a6.75; heavy hogs, 7.26a7.40: rouggs; 6.25a6.50. 2 as to New York as re- | i { i | i { | i ! Railway that I am obliged to | { FINANCIAL. BOND MARKET QUIET. Major Activity in Railroad Divi- sion—Sugars Taken Up. NEW YORK, November 24.—Price movements were narrow and frregu- lar in today's relatively dull bond market. Many of tho traders were absent and the turnover accordingly was small, The major activity was in the rail- road division, but there net changes were limited to fractions. The con- solidated 4s of the Denver and Rio Grande advanced slightly and “Katy" issues also found good support. A few buying orders for sugar| company llens influenced a small ad- vance In some of those issues. The Central Leather bonds receded on a small turnover, Most of the changes in the foreign group were for higher prices and all of the active United States govern- ment bonds advanced moderatel Safe Investment Pirst mortgage loans In denomigations of $260, $500 and $1,000, secured on improved estate; interest Gl per cent, puyable annually. TERRELL & LITTLE, Inc. The Margin of Security We Demand to Safeguard Clients Investing in Our % First Mortgage Notes Iosures absolute safety under any and all conditions. Upholds alse our established record of Dever having lost in either priacipal or interest ap much agle penny. G iteed titles and nsurance policles fornis¥ 4 with all notes. | Notcs of $100, $250, uo to $5,000 Now on Hand ¥or full particulars apply O'Donnelt, ll)lpn Department. CHAS. D. SAGER 924 14th St. N.W, o 8% FIRST MORTGAGES We are offering the abore in $2.000.06¢ wpwards. A1l of value of properts, with ering full amount of loan our attorney’s opinion furnished. No charge made for coll quarterly interest coupons This rity considered most subsiantial in Florid BANK OF SOUTH JACKSONVILLE, SOUTH_JACKSONVILLE, FLA. Established 1912 FIRST MORTGAGES FOR SALE Secured on Improved Real Estate in the District of Columbia Denominations of $250, $300. $750, $1,000 and upward. JAMES F. SHEA 643 Louisiana Ave. N.W. ‘ FOR IN Denominations $100 to $6,250 Interest Rates 614% and 7% All loans secured on modern homes and busi- ness property in best northwest sections of the city. Ask for Information “BeforeYou nvest- INVESTIGATE" The facilities of my are at your disposal for i mation upon ANY investment which you contemplate ing or may now hold. William B. Westlake, Investment Securities WASHINGTON, D. C. 728 15th St. N.W Tel. Main 5031-2-3 i Mortgnge Department | | 913 15th St N.W." Main 617 1Own a Gilt-Edge 5% Pre- ferred Stock of an Electric| | | | | sell to raise money. exchange, dividends’ « shares, ritice same stor nearly bother me de for dogs, but might sccept good purt’ payment. balam S-E. Star office. Stock §s not listed on " fated i Sy Toer Wik Vi "} o' | trust in | $5,000. will ave time, I am a first-class stock and bond man and have an excellent proposition that I want to promote. I not onls meed help, but believe in Rood _teamwork 10 like to be Joined by a cI ] wbo can furnisn First Mortgage |/ 7 %ov Secured on residences in the Northwest section of the city. Never a Loss Each loan for less than half the market value of the property.. Booklet on Request William S. Phillips Realtor ‘ 15th and K Sts. N.W. Main 4600 soft_berl 3 incidental to prom company, if you are w to give the public & o deal and be satis prot Announcing the Opening of Austin & Company Builders and Brokers 4134 Ga. Ave. N.W. Telephone Col. 1122 Edw. W. Austin, Pres. Oscar de Beck, Mgr. Insurance Investments Rents Loans Secured by first deed of trust on real estate. Pre lng interest 41:1.11 rnramlumnqr i Joseph I Weller g sy & ¥ ¥t MONEY TO LOAN ON DISTRICT OF COLUMBIA AND CHEVY CHASE, MD., RESIDENCES 5Y4% Interest H. L. RUST COMPANY 912 15STH STREET N.W. MAIN 6888 LOAN CORRESPONDENT FOR THE PRUDENTIAL INSURANCE COMPANY OF AMERICA INVESTMENT SATISFACTION There is satisfaction in know- ing your investments are safe. With our 612% FIRST MORTGAGES Quarter . g yvou have absolute safety as to of a ¢ principal and interest. Invest Century Without from $250 up. a Loss B. F. SAUL CO. Main 2100 1412 Eye St. N.W.