Evening Star Newspaper, December 8, 1923, Page 15

FINANCIAL, THE EVENING STAR, WASHINGTON, D. €, SATURDAY, DECEMBER 8, 1923. : FINANCIAL, BIG SmRES FAVUR NEW YORK CURB MARKET |P resident’s Message Pleasing | FIRST MORTGAGE NOTES == CUTININVENTORIES = e e To Railroad Stockholders | ros & samser, OFFICE SPACE ue of Dunhill international Cor- | ors on ahe socke, exnge o His “Fair Return” Statement Held to Im- | poration was a reature in today’s two- | #hares were oy B : ew high ing Coal establishing a -new high | Over a Quarter ” I hour session on the curb exchange. & abl & | " = | Low Stocks, Speedy Sales i fuir icmand came into the maricet | mesvirs i snseronca sis. - | prove Outlook—Fear of Radical Legis- || "4 Century Entire 6th floor, containing ap- . for these hares late Friday follow- Uni States Distributing, vhl(‘?: > . o 1 . and Qanck Replacements |ims reports that & new twnaceo con- | goyanced domnin e vt | lation Disappears—Market Active. Epdies proximately 5,450 sq. ft. of space Policy Now Adopted. interests, and that details will be an- | were reathed by Kresge, Centrifugal : ; and 5 desirable rooms on 5th ' is being formed by the Schultz | of Tealizing sales, while higher prices nounced within a few days. It is be- Id Dust. LA lieved in some quarters that Dunhill cratiohs for the rise in the ofl BY STUART P. WEST. are now. The difference is altogether : floor of B IONe Bk International will be included in any s Kept on, but the buying cen- |y, S e too great to be accounted for by the = - B cew tebacco organization. ered in a few selected sLOCKS. st i higher return expected these d Spoeia] Dispatel to the Sta Wi NEW YORK, December The [ upon invested cuxl:lml. It has been B. F. SAUL CO. . . N YORK. Dearber 8—wWhile] . NEW YORK. December §—Follow- | 3 ore. 443 | chief inspiration in the market of the | explained all along on the ground | ECHEE 1512 Bye St. NW. ommercl ahona ank Bld e e e ”“' N "I" S —While | 2 is an official list of bonds and stocks i £ aee 2 3% | past 'week came from President Cool- | that the r‘nllrnndfl' in drH‘;’"'l o] g. he volume of Christmas buying con- ded in on the New York Curb Mar- o i 87 |idge's first message to Congress. 8 .CUME o0 DB | - y ende the g o EoR et tadk ; ! M T ° & aE s L of gov it for their future in- W. shiihiedusstion: o et yday ! 1% | el ateeatiand. the huslness coms| eioroiment for thelp) futits 1o 14th and G Sts. N.W. me > BONDS, hor . 113 | munity in general had lookcd for a | Wwith an of certainty. More | The Apply to Superintendent ndadvertisers i High, Taw. Cloue.| ' . 4 '} | consérvativ program, but it swas a | Sbecifically, wWall street has = been Margin of Security L e They are tak- s A3, 1000 1067 1 187 Readine C N somewhat vague anticipation. Dt ey a reducuen of freiaht We Demand to Safeguard W i 100 W : 524 | from the summer and continuing un- |rates, and (2) a forced linking up Clients Investing in Our 3 A e b | til quite recently, there was a feeling |Of the stronger with the weaker roads, 77 to the lowest possible mar- 2 % s i . " ) " [ to the detriment of the former. 0 ; i ! Txporia. 4 ) uneasiness over the new Congress . Sim | g ; & . a3 31 neasiness Removed for Present. First Mortgage Notes f o ot and what it might be able to do to 2 ances this is due to E F SSit ombacacs N itens Gt causes of unensiness ha Lusures absolute safety uoder any aad all upset confidence in busin nd conditions. = ke a conservative sho a B (LT n s b 2 fibra THE Dresinth neseage. with e el Tox - | e s 8 ; i | tions. sident’s age, with < s must be believed, NEY banks to contemplate | g Pipe pf wi 61 1 its explicit treatment of the ques- |stand firmly by the principles he It | MO. - TO LOAN 1 down. He has said (1) that no [|Uphotas sl our establishea recora of ljustment can occur which will |f never baving lost in either principal or T und « Ider on. ho i Y r aty @ 2 £ H e 1 _ MINING \m(. anxi e po. 4Gt aes r return on property || inferest as much m ngle penuy. i &m % s . AT oTERTS 18 n, s ihins PoCarie (%) J, Ovarniteed tinen ingurauce policies ; A 4 forn'ep d with il e pe ¥ i 2 Ariz Globe Copper. 00 4 Whatever criti it mayr hav ng out railway c Not(s of $100, $250, uo to $5,000 Al stocks and r M 8 Bl Lo 01 | heen open to from those hold Biack Oak Gold . .33 I,‘.“,.K‘\,,,“.‘ml.l,\._ it ? vhich w that the Now on Hand cplacements, which - b < ) 3 B 3 i to the growing confidence which W > of old securitles for new ¥or fall particulars apply to Mr ff COURRENT INTEREST ‘ o A ! & eume 0 e e ing durini. the | Wil hoaecomplisned while “avolding (| obonnell: Lods Depariment " AT RATES OF vhen reme i % Bl | nw wi 40 % t il requirements S LS Bl 8 | tions of the day, dispellad last nth. Therefore, it must be ¢ e -ation and preserving falr $itien crale o s v | n the two important matters | CHAS. D. SAGER 4 | nent on the stock cxchang: Tativay aes " oved Iities there has come reassirance 924 14tk 8t N.W. Rai Outlook Improved. kL assurance. un st Mhat the T < has been | © o it that whate '%s roved 8 y be of the rate %llha a 2 iU £ tever regional consoli- | u@m &£ e el el et 4| NS RN F 0!‘ INVESTMENT 1207 Connecticut (Lenaus o oty TE2 | owwen. | ASRERIRS T g e i P! | MIORTGAGE. | SRR B R i e 3 b |G St S ~ LOANS nrotective mette: Hoten et o e o ol ke 15auld Bave been 1s moFe or less aue Dinointiations While rates are tightening and gen- He ol AR § ity e | g S I]INV T | oo st o o romcne c? | | Imtoros B g% erally speaking it is difficult to obtain s Ltd 171 | eul o our “lll‘]l‘{l‘l"n{t‘vl:‘tl products, and it | g i P T e ¢ Sl et Neotes o andiv7 = loans at this time, we want our custom- L e o 4 British colonies in 1 All loans secured on . Exchange May Guard Trad-|un. pomich as we depend ||| modern homes and busi- || = ers to know that we still have plenty of { | ness property in best | ers From Losses When : was much at sty *1 || northwest sections of | ! money to loan upon real estate mort- forcign comm ‘AD]USIMENT MAI]E | Brokers Fail. s ST R e Cl e R i gages in Washington. A | . The October trade ficures el M ORRIS CAFRITZ 0O - \1 integrity and responsibility | £5.50 4 A will ctblished fioancial or i i ! mbers, is under considera- | S 21, when the | zanization wouwd welcome substan- | i :{International Committee o1t e oo 2 wates o e e O e ame. wi a | i oday. The plan was devised “n Jaske Hall business s g onc who) s | i Ends Work Begun in 1919. neans iding losses which | ¢ + ‘month before 1 Jomp inflicted upon thousands of | m than it sa hav y v amiwer fs threfora 1w Communications Confidential. : : | Huge Sums Are Involved. . ehrowsh failures of broker- | H Frdl LU Gl Pl e it e ey st cd houses with large | | 7w matetial s i1 Idea.l Chl’istmas Gifts NEW YORK, December 8.—Action oppos: - step on the ground | this country - E ; fould be @ leveling down| In the socond place, E by the International committee e ivor. the plin | bankers on Mexico declaring the plan e IR e all on the|water . W 3 . 1.3 3 |0 Mexican debt readjustment opera- s ! Pina Apertiat ‘ Co-Operative Building 2 {tive yesterday consummated nego- e invisib WWIGE the Turee tee Association credits HETHER for relative, friend or em- ! . ploye, our First Mortgage Notes fons beg 1 to recove 2 mittances of the German element o & 5 o e sl34,000’000 RAIL Iiere to thelr people 1 the Potherlong PRI make practical and long-remembered Chr 434 YEAR €OMPLETED 40,000 U " . 4 { spital SO | surplas . | | { 5 b mas giits. 1 o ' Mexitan governm . cre his : y 8 & |vide the first years service on the I C, C. Denies Permit for Build-|prime reason to i e . ‘Systemtlc Saving )sited bonds, the committee Suro, : e hav il k no ing 1,300-Mile Road in { cur) | monst In publishing simultaneous Far West. \t th ace. | nouncements in New ¥ L 3y . | B ris and Mexico City, Thomas y n bond mar- | eription for the mont of J. P. Morgan & Co., chai e lanior aoEtm ot e1erETaT] ind more recently fn the stock | 85th Issue of Stock anof the infernational conimi : o s Ch AR IAE Béing Mestved The holder of these notes receives the in- terest on the day it is due. TUnlike eash bonuses or gifts, which, at least, create an artificial and temporary condition of luxury, our First Mortgage Notes mean the con- tinual possession of principal by the recip- ient, at least until maturit ; S et i »|;‘\”;<1.:‘|‘r|m-r 2 = e is OomineresiCa t T here, they have e | ALL RECORDS SHIASHED. et = oL S o fund L SIROORE 8 End Commerce Commission £ LA S L Shares, §2.50 Per Month on all the 0.000 r more bonid - 1s i R 3 el fth Ll s ek a point on the Gulf of California, in | ulated the dest X | 3 Y S The ! has received from | New Mexico, Colorado and Utah. ’ e 915 F St. N.W. ches Enormous Figures. 5 3 |the Mexi ster of finance 4.\:4 The estimated cost of constructing|= = = EE—— St Hud 5 0 3 Pani) positive assurance as to the i ek TR 205tk Yoy EnE inter G : 3% 8% [R50 completion of the $15.000,000 : ch a road, th M Lo A “DSON. Prestdent R el it the ‘end ot flevui lon. : guld’ be about| oney to an Rl el G [be"sald “Aroreoser, Finanee Sinistis (3] 8 ns pavable | Secured by first decd of trust on real estac Sl < & voul 1 0.000.000 Prevailing interest COMImiesion. | ' Washington Stock Exchange. | ¢ asuton: s ey e |1 enteryeise ¢ ““r“i,ff‘;{g‘J(v.\ephl.\\'cllcr o b Safe lnvestment Swartzell, Rheem & Hensey Co. For convenience, these Notes are offered in denominations of $100 and upwards. Call or Write for Detailed Information nts from T ard to the 3 vember SALES, o of the debt agreement 1 ing capac ¥ els and for 19, “apital Traction Co.—3 at 98, 10 at 98, futire yoars: . L L LS T S | First mortgage loans in demominations of th S . 2 at o3 debt agreement was Signed 1r i * i {8250, $500 and §1,000, secred on improved 727 15 treet N.W. AFTER CALL. New York In June, 1922, atter a con- | i sendent] 1 ||| reat entate; interest 6% per cent, pasa = Capttal Traction 5 ) at 94% ference in which Mexico was repr firoad servi ! semt-annually. Washington Gas 0s "83—100 t 1001 quate in the territo | . e R ONDS. minister of finance. The offictal call | S22 e T on Line. ll TERRELL & LITTLE, Inc. 54 Years Without Loss to An Investor = ember grain tor the deposit of the bonds w < =l nade July. After December. The Chicago, Miwaukee and Gary Roalte Bid and Asked Prices. Ji38’ the committes reserves the fight | raitroad asked”"the commission for " a: Tn our first trust notes. They 1208 13th St N.W. 'BLIC CTILITY. 1o sccent deposits subject to such | (hority to abandon a sixteen-mbie line ||| il yleld you a : 18, 4. comp 3¢ BRUBLIC I iR dovael R Ul between Kirkiand and Camp Grant, | e gongrous ruce: hels In 19 | payments probably will not be m Jnois X M ) i . { o juntil after that (ime. | Loan Department r. lnl’eStor~ 'BONDS USED IN BETTING. |am o & 43 tiv i i GINNING REPORT OUT. ||| Boss & Phelps | We are paying ORK. Duee $—Victor ; 3 o BUTTER PRICES UNEVEN. _— | beins used nows S ey il o ; L = | Census Bureat Gives Figures Up to||_te ®0 WK S NW. | from THOUGHT OF OTHERS Capital Tra . . U |Week Opens Well, But Trend| - December 1. F-f Turns Irregular. Cotton ginned prior to December 1 rs | CHICAGO, December 8.— After [amounted to 9.243.917 running bales, | OV Fatet [, Seniie, G5 Commission 2 tO 10% i —is the underlying motive of the ap- . lopening firm the butter market for|includin: 967 round counted | Thomas J. FJ;!‘iL&_':?mlny. Inc, i proachmg hohday season. This applxcs iyt 4 3 e the week showed a trend somewhai half baies Ssz ‘|; I:slnf Amert- | e \ & Vi namtlar g s o " a nd 718 bales of Sea — = . o . = . . \ W K" Sty S irresular and uncersain, The closing Sonpared with 9410.601 run- bonus on short term to the basic principles, as well as its ' & 3 2 ; |strength of the preceding week 500n | ning bales, including 15 rotind | | COMMODITY NEWS W ! was followed by reports of lighter|bales, 22.708 bales of Ameri Ty p- Al First Trust Building | operation during the centuries. WIREL ) | Wk, . w { purchases by consumers. Firm Brit- | 60 208 (A20% 0SSR S ear tne ceds | L i) A sh markets an advancin anis 45 'y . i ED STAR FROM e Cxchange were expected o check the | Sus bureau announced toda | oans re fe G 7 I MIND.” NTIRE COUNTRY | |Bi& 5o ; B | Mo of importa Whelesale prices ot . | With this “THOUGHT IN MIND, G R G S SRR RS | weersew vnow mmors, (| . Washington what could be a more appropriate giit to S Wardman Fark Hotel @ York, 54%; Boston, 43, and Philadel- | NEW YORK, December §,—The v i x = = PAUL, Decomber 5.—The supply STOCKS, Dhia, of 1923 Will be one. of the best years st hlortgages |l Home Builders’ |[|||| a loved one than one of our First Mort- in the Twin cities | < . in the history of the Western U $250 and U i . H iy A el et : ; TREASUKY CERTIFICATES. | omPany. Netcarnings for che year P Association, Inc | gage Notes, secured by first liens ule i general % | (Quotations furnished by Redmond & Co.) |stock, It is estimated, will be about Write or Call for “Booklet” ||| 4 > | upon improved real estate in the Nation's ther I8 needed | NUOTR Wash, Stouniinn 20 | Rate—daterity. B Uhe | $1316 n hare 1ast Year ana $14.00 in Willi S. Philli 1406 H St. N.W. i/ o ? i i | Wan K & e pran B 4n,. December I8 1023, 003Ls oo | 1617, the company's record year. Es: ililam S. psi: - IN.W. . Capital: ANTA, December 8.—° 2 | Termnal Taxi com, 4ies March 15, 1024. 1100882 100 timated earnings for the nine months 1 A cemutr 4. ?‘f’f}"";j‘ e BiE Tine 1o, 1004 L 10013-18 100 ended September 30, after taxes, ||| 1STH ST. AT K NeW. Main 4000. Phones Main 6894 & 4713 Fop B ins atete dspesiment ot capiai S SRR By ot T IS U 2 | S0 & Shave on ‘the tame, WUl i This is much superior to a cash pres- 9 a A s el z 2 5 June 18, 1923 100118 300832 i 1 I " Toth vield and p ¢ 4% Decombos, Moze. ;" 100 To-82 oo 03 8 DIVID ' ent, in that the latter may be soon spent o well wbove former Jevela | HmY Gerga o 4 BRGNS, rl et 100 3088 1t ENDS. il uselessly; whereas, such investments not Mo.. December 8.— | Liberty .| #34s Decembar 28, 1021... 10116 ioayg Arnmp-ny. Pr. Rate. Payable. i Y5 ik 2 . povk outs are 1ower | Kool e Tires M B & only remain intact and secure, but inter- Pork | tetsin’ : S SHORT-TERM SECURITIES, | {ifderdore 2" § ; est is paid to the recipient of the gift at e, ao i S t3 s“;‘ptr:‘hur‘! TRUST COMPANY, % CoRied be e the rate of 6% per cent per annum. For P nged arounid | smeriean Security & Tri Aluminum Co, of Amer, 7a 192 S o (;frf;xf.?o': Bl ot ience Selisstc these notes de . conven : e - nominations of $100, $250, $500 and $1,000. Partial payments may be ar- ranged. Ask our MORTGAGE DE- PARTMENT to arrange such a gift for you, and the negotiations will be con- }iContinental IcuRt: Aluminum Co. of Amer, 7s 198: | Heath D.0.& ducted in strict confidence. 1.75 RE Merchants: Bauk. e e o CHICAGO, December §—The demand | Natiusl Savin T A su%::"fl:nxxng"l 2 P 00w | Shnnas e ina: for building m. actlve | Unon ‘Trust, American Tel. & Tel, 6a 16; % 1004 | Imperfal ONL....... SRR ; (oSt | Wash. + | Awmerican Tel. & Tei. e 10: it | Iberind onpenss § tions that brick plants with driers will BAVINGS BAN Anacouda Copper 6s_1020. 101% { Ill Traction. o continue to operate throughout the win- | Commerce and Saving BT g G TR 2028 | I Teae o sum ggi (TR H e < o SRAR/ATARARRKRAARR, ur, an unusual proceeding. Eant Washington. . 5 8 &L T 1o an = L By Bavioee & Com diag Xorthern Sige 10at, UL P& 7 cum pt VBRISTOL, Conn, December 8.— L8 | Central Leather Gn 1: { Kelsey Wheel : eene & Co., engineers of sl Gl R L & Pac, bige 1628, US‘, | Mathieson Al pt. % ccting an extensive ad- D “Pont 1 1083 | Math Alka cum pt .. dition to_the New Departure Manufac- Eg;g‘:fl»“" s 1001 I:)llnunTu:muuoyx 1uring Company plant here, which & G a Manatl Sugar pf.. akes ball-bearings. The expansion is 2 Fither Brody Corb: 0n 108 B e garded preparation for a sub- | Firemen T & e antlal increase in demand from auto- | National Uios. 307y | Rusger Texas Ol wobile malkers. . 1 1004 | Texts Cir 01l ;"8 Rubber 1# CHEYE Wyo., December 8. |Columble Tl K i 1 Weber & Hellbron Only 600 will De drilled In the | il & Weber & Hell pf... EERE R In Convenient Denominations ot 19001? B, *3 For Investors il SHANNON & LUCHS fn 1924 if recommenda- MISCELLANEOUS, 024, .. Ofe | West Can F1 Milla: ] lon committee of | D. C. -} &5 o1 Interest 6% i Mortgage Department tie producers dopted. 2 | Pomse. 5.5 . 2 FpEdiccmae Mt e B2 Fiu oaton Doy TR e R 713 14th Street Main 2345 CLEVELAND, December 8.—An in- | Old Dutch Market com, Switt & Co. By 1032, X <lT5 4 AND, Dx i Juteh M td. . 5 of the stock you are asked to buy? e ——1 - 5 case in (e demand for stécl sheets | i NAKS: ¥ A Datwats OF S 108 Are you sure that the nice, honest- reel noted at Ohlo mills this week, This cooe | CBL Bubber s4id looking stranger is telling you the 10 - e = Jias resulted in increasing mill opera- wtorn Unlon 6% 108 1 truth? Ask o your banker to 100k into tions about 6 per cent. 2 . Westnghouse £. & M. 7o 198100 107% | what he clalms. = =