Evening Star Newspaper, December 17, 1923, Page 27

FINANCIAL : NEW YORK CURB MARKET | |BRUCE ASSAILED 1973 RECORD YEAR A <5 Recelved by Private Wire Direct to The Star Office IN OWN BAILIWICK ,I BY WILLIAM F. HEFFERNAN, |Petroleum, all at their best on the mIfiBABGU IRADE NEW YORK, December 11—The| ™2} o) petroleum, Gult Ofl Soutn- | 2G11S Johnson Says He Threw feature on the curb market today was |ern States and Salt Creek producers Wrench in Congress an adv. £ 16 points at the open- [ Were leaders of the independents, but e by en | substantial advances were recorded Machinery. Outpul Enormously Ingreas- | in® in Penn-Mexico fuel, a Standara | pttenLe Ol subsidlary. Mesabi Iron continued prominent ed. BUt Greater Consump- Realizing sales appeared at the |among the specialties, reaching a new . tion Prevented Crisis. \ FINANCIAL - FIRST MORTGAGE NGTES For sale. Consult us if you have availuble funde for investment. THOS. E. JARRELL Member Washington Real Estat ‘Woodward Blag. First Mortgage Loans Lowest l'fil'::_' lxl:'"l’l-l Commission. | Thomas J. Fisher & Company, Inc. 85 15t Ktret UNDER UNITED STATES GOVERNMENT SUPERVISION FIRST MORTGAGE INVESTMENTS 6%2% Denomination: $1,000 and upward. Secured on Improved Properties Only | JAMES F. SHEA |} 643 Louisiana Ave. N.W. After having been a flyer in the U. S. Navy JACK MONAGHAN announces once and for all that he has hopped off into the etheral regions the very last time and now has his foot firmly fixed on terra firma by being associated with C. P. BARRETT REALTOR $500, 8750, Ty the Awsnclated Press. ; e howaier ind top around 9 on a large turnover. : i high prices. however. and the stock | "% (1 Niqteq securities included the | BALTIMORE, Md., December 17.— lost half the initlal gain. This up-| 342,678 common shares of Hupp Motor [ Magnus Johnson, Minnesota's “dirt- {turn followed reports that the com-|Company, a sale of which was A= | gii o cenator, last night came into v thorized last week by the board of DAY a0 bt lu g ANReD pera Sirectors. “No ‘kaies, However. occurs {the balliwick of Willlam Cabell Later it req up to a late hour. The Pan|Bruce, United States senator from was reported that it's size had been [ American Petroleum and Transport | Afarviand, and assailed him as a| BY. J. C. ROY al Dispateh to The Star. W YORK, December 17.—Plant- ers of the days when tobacco was *gal tender in the colonles would lave difficulty in estimating the wealth of the industry fathered by Sir Walter Raleigh if they could check over the crop of the past year. exaggerated. ico Panuco, whose properties are also located ‘in this territory, was sympa- thetically affected. There was a fav- orable effect also upon the market for South enn Ol Oil shares had their sharpest rise since the turn for the better in the The low-priced Men- | Company rights to subscribe to the capital stock of Pan American West- ern Petroleum Company were admit- ted along with the Pan American Western stock of no par value. United States Citles Corporation class A profit-sharing stock of $10 par and Pacific Gas and Blectric 8an Francis- er newcomers. co first 53¢ per- cent bonds were oth- | state commerce ' committee. This Safety and Interest Guaranteed “flopper” and “the man who threw the monkey wrench into congressional machinery.” It was the vote of Mr. Bruce that prevented the election of Senator Smith, a democrat, to head the inter- aroused the ire of the Minnesotan In | We Buy and Sell | Liberty Bonds 1502 K St. Main 9017 So great has been both acreage and |oll trade Standard Olls moved up| Mining shares were at thelr best|his first Maryland addross. He was | 0! 23 - vers om to points, with speclal | wit t. Croix retainin s -poin - CHihuY or. 1933 that growers LeRtiyiiengin in Maknolla, Standard of | advancs of last weeks Hawthorne | teran & o0 that filled the audl continuation of expansion Will | Indiana, Kentucky and Inte tional 'and Wenden were at their best Drlcea.t The crowd had come to have a look | cayse a period of overproduction in —_— at the much-heralded Mr. Johnson and | the near future unless it is checked. NEW YORK, December 17.—Follow-| 30 Hudson 0il his first utterance was a requeat that | However, consumption has increased | ing is an official list of bonds and stocks | 20 Kerstone Ranger. ADeY Look e N e oniisay et o yen s ' T o e Kirby Pet, ... they make it “a good look.” Few in | e n nearly the same | [F0deC, 8 Livingston” Ol Cor the gathering were disappointed. The | Pproportions as production. Authori- 3 i Minnesota senator did most of the | tles of the trade state that 70,000,- | Sales in DR things expected of him, including the | 000,000 cigarettes will have been smoked | 13 Allist Tackers or.. ShRddion Of Ris cOlRE NA L6l a 10 Allied_Pack 50 Mount Trod e 5 Mount Guit heated moment of his discourse. in the United States and its posses- | .1 et Tacke His attack on Senator Bruce was sion” ythis year. The production of | 1 Am Lt s w Treasury Notes Etc. Bond Department % Savings Deposits 4 %> 5% Certificates of Deposit5 7 Free Checking Service Banking Hours: 8:30 to 5 P.M. THE DEPARTMENTAL BANK 1714 Penpsylvania Ave. N.W. BONDS. High, What Is Your Invest- ’ ment Plan for 1924 The Washington Loan /| and Trust Company || utual Oil vot ofs ew Brad Ol wi among the few references made by wi th pmount of- the paper-covered | §4m Mol Mils fu 5 | the Minnesota senator to current s tnl t i 900 F Street | EAR after year Swartzell, Rheem & Am . o tters. af : i ey flers has requirea 210,000,000 | T Anncondn ox . el O O S B R € Investment | 620 17th Street Hensey Company First Mortgage Notes Do ffs of American leaf tobacco. An |- 12 Anglo Am “oil TaR o He iRtMECINDOF Darty ad Its | tree have denionstrated thei sl Giter a nal 350,000,000 pounds has gone | 1 Teth St 2 Peer O Corp Dlattorm *1t was under the auspices |, Fist mortgage toans in denominations of | | ave demonstrated their sterling qualities. - B intolihel Amqutaciure oLl il 10 Pennock O .. bt the Maryland branch of this|$250, $500 and $1,000, secured on improved | Losems e The owners of our Notes have enjoyed the t thl ‘consumed, @ large portion | 7 Gff Serv party, known locallyiasithe people's| S0 Getia: iateesst G pee (ases. Eapable M to Lo advantages of safety, prompt payment of v Jbright Burley 'tobacco produced | & (ol Gr ‘s part ifs DAy thar he: SpoRe. wd oney to an interest and freedom from worry. i Sntucky, Ohlo, Tennessee and In- | & Tialt s A- D 5 oy ERRE i i f o SR oil CAPITOL HEIGHTS Tl LL & LITTLE, Inc. Secured by first deed of trust on real eatate. Growth In Production. ! Sonehyte . 1206 Bogiten o Prevailiog intefest and commission. Did your investment experiences in 1923 crop of the original colonies,| 2 1808 18k Be B.W. . {Tosesh ;ller 420 Wash. L & Trust . 5 ing | Georgia, “South Caroiina | } s CAPITOL MBIGHTS, Md,, December | [I = | Joseph I Weller gig," ¥ & ¥ x'W. | fall short of such a satisfactory record? If the border of North Carolina, 3 K o = n it v ; i H 2 & ., 1 of Pa bs. 17 (Specinl).—As a meeting of the S0, you may get maximum returns in safety Noth, Seroline and the old| 1 fies ik S e o ol o commn Sounelh St il EQUIT ABLE 5 and North Carolina, Inter Mateh INDUSTRIALS. e Mnger prestding. the town | in 1924 by placing your funds in our FIRST Ly Jeaty 3 FOR INVESTMENT 10014 vear totaled 485,000,000 pounds, MORTGAGES —the type of investment 1 Acme Coal new v i treasurer was directed to round up| s e ompared with 418,000,000 pounds att by 40 Acme Tack fera who are to be!ll Co-Operative Building ich i ; e eorg ¥ SOm= MeN 08 , 3 delinquent taxpayers 0 al = : Mg - year. The Georglza crop, com Falls Dow 08 % 13 Deideen Mach w1 advertised for non-payment. An ordi- | which is the corner stone of banks and in ng 8.000,000 pounds, brought an age price of $34 per 100 pounds. second district produced 100,000,- pounds, which averagod $20.97 to growers. surance companies, Ml FIRST MORTGAGE Association Organised 1879 434 YEAR COMPLETED nance calling for the numbering of | houses was ordered prepared. Start- Ing at the District of Columbla line on 6lst street houses to the south will be numbered from 1 to 200 as far as | Bla wi Ly iy i B Wkiyn City R R.. Ts.. p el Noup pid Proda Cor wi ip new w . D Tr new w i These Notes are available in denomina- the castern North Carglina dis-| 73 S a0 & Bsn: entral avenue. making all houses |l Assets ...... 84,750,763 tions of $100 to $100,000, and may be pur- t 180,000,000 pounds was grown R G arant Mot........ north of Gentral avenue less than 200.' [} GoPel 207, LOANS i d othe ‘old belt yielded an equal e aN T s ) I BT o B om Coateal avenié golngl urplus ....... .$1.207.380 chased either jor cash or through our plan ount. Prices o v 3 S At ki 3 : o % d s z ok o averaged $52.03 for enstern North | 10 Siity& o, * 100 B Giferte s South cns NOUSCR WIL DS mumberes Systematic Saving Denominations of SYSTEM SAVING. rolina_and $20.60 for Virginia, but FOREIGY BONDS. 2 Gleasonite Prod Co. he numbers will start at Southern ' It fs the most effective way to get $100 to $6,250 ; additional poundage grown is| 27 Govt Argent de w i 983 1 Goodyear Tire . ,‘.\‘.,.,33 to end at the town's limits. ||} ahead fnancially Thia "has | besn I 0 995! 1 coming on the maricet in these| 2 5 § enen crem 2 The mext meeting of the town fathers || demonstrated ‘wrouen years' of ex- nterest Rates 6%4% Call or Write for Detailed Information ctions 2 ¥ s b % 158 I“-m be held Saturday, December 2. | 3 and 7% ieorg v o 03, “ory. 1t is announced that the local pos Georgla growers recelved tremen- X it 1"be open on Christmas g Subseription fov the All loans secured on office W until 8 o'clock. On Christmas day the | office will close at noon and reopen ! again from 5:30 to 6:30. i The volunteer fire department met Tuesday with Chlef Harry Adams presiding. A committee to select a siren is investigating. A structure was ordered erected for the housing | of the tractor this winter. Nomina- tions for officers for the coming year were made, but were kept open until the next meeting, when the election will take place. First Assistant Postmaster J. C Koons has written Mrs. George| Finger, secrotary of the Civie League, | that rules and regulations relative to | the establishment of & branch of the Washington, D. C.. post office provide that no such institution will be es- tablished beyond the corporate limits or boundaries of any city or town in! which the post office to which such ! Stores us encouragement this year. Not ly was their crop 3,000,000 pounds eater than in 19 but they re- ived nearly $10 a 100 more for it han last ar. Abandoned cotton | Sales ands were planted to tobacco and | i units. felded splendid returns. A Selling Methods Improve. ‘(n'rl‘nc \\'ll‘HnL' paid high r the product. Growers in o ? sther southeastern states comment| jam femnis O & & new treely on this trend, declaring that| 13 i P L . some manufacturers are anxious to| 560 Imp sce production increase in Georgla 10 Ind P the co-operative marketing nt has not had time to gain othold there it has obtained in ~irginia. North and South Carolina and Kentu g 100 Ohlo Ol new. In the first three states co-opera- }:’Il? Pralrie Ol & Gi associations marketed about 40] 4400 Penn Mex Fuel cent of the 1 crop, while in| 1420 Prairte P L v_almost 85 per cent of the| 10 Holar Refin .. Swartzell, Rheem & Hensey Co. 727 15th Street N.W. 54 Years Without Loss to an Investor modern homes and busi- ness property in best northwest sections of the city. Ask for Intormation 85th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON. President FRANK P. REESIDE, Seey. 5U S of Mexic 3 STANDARD OIL ISSUES. Corp_ptd 4 Coal rts w i. ding Coal w 1. 913 15th St. N, Main 617 noven nited Bakeries it Pre Shar nit Retail ¢ Lt & Heat. § Ls et nds. Dean, Onativia & Co. gold eir h nan- ocated exc | ey the BeNae o man ARG L ']-t:f'n;f‘l.fi'vflegii Stock Exchange Buildin: operative —Assoclation mads seve bR more inhabltants not distant more than g g five miles from the outer boundaries | of such town whera the post office is large sales of 19 08, which th 2 redried to- been carry- New York v hay for advantagsons prisex. Pocated. The department requires that OXnansion OF orehacllnna & widh 12 |territery to which it fs proposed to STOCKS COTTON ansio e planted to ) Tooth - Mintn 3 |extend city delivery service be pro- : tobaceo next vear have been allayed, 10 Hoston Sones OI B ¢ col de- 2 i i ton 1 extent, by the high price 1D Cotamet &3 #1 [zidsa. Wisnmend: continunen . M and GRAINS That's all there is to it when vour BECHISH [hy cption ETOMSTE ify the o Sapatte (Covger 5% | atreet lights be provided: that houses | COFFEE money is in our fecl that this will result In the plante b &sod 3 Cene® Amer i T | e Mumberea and provided with suits BONDS SUGAR ing to cotton of flelds previously | 4% Cit Serv 1 Cons Cop Sin A O b6 as 1.aut B por cant | andoned and check the tendeney of { 13 Cit §orY B, 7 Improved. with nouses erected thereon MEMBERS * FIRST MORTGAGES ¢ \ cotton ‘men to adventire into the | oKt fere B C... and occupied. tobacco industry. e temle Byna g The question of incorporation Is New York Stock Exchange N. Y. Cotton Exchange 1 Derby 0 & R % 1 Dominion 01l 20 Engineers Pet Federal 011 Gen Pet . Glen Rock 0l € Ol of Pa. 12 Guif St. 0 & K Wl arousing considerable interest in Seat Pleasant, and several meetings | to disauss the proposition have been held and more are to take place in the near future. The Maryland legls- lature will have to pass an_act authorising the creation of i body politic and the law will probably be submitted to those entitied to vote for acceptance or refection. e From the Loutsviile Courler-Journal. “Yessum. I might as well admit that Tax Reductions Sought. Growers and manu! urers allke are preparing for a vigorous cam- paign for the reduction of revenue taxes on their products. They assert t on a package of cigarettes re- fling for 15 cents the government x is 6 cents, while the return to the tual grower, of the w from each ickage amounts to only about one- f cent. M facturers declare that i i Tt and witn dabor ana | Washington Stock Exchange. cturing costs at present levels Chicago Board of Trade . Y. Produce Exchange Minneapolis Chamber of Commerce WASHINGTON OFFICE Main Floor, Woodward Building Phone Main 2040 Chicago Stock Exchange Do New York Curb Market Association a i Tute No coupons to clip. No “dun- iing” to do. Best of all, no wor interest paid by check—promptly of a when due—ALWAYS., 3 85 Hawthorne Mine 2 Hollinger Quarter Century Without In amounts of $250 and up. 110 National Tin ... . " Dominton Cop they cannot pay the grower more and BALES. I'm a panhandler.” JOHN CALLAN O'LAUGHLIN a Loss make a profit. In the fiscal year end- ashington Rwr. & FElec. 4s—$1.000 at “Well, my furnace needs attention. Manager ing June 30 the federal tax on tobacco $1,000 at 683, $1.000 at 69%, 32,000 at Yonder is the ashpan. Let me see you iclded $300,000,000 to the United £1/000 at £97% $1.000 at A%, S1.000 at handle that." o8 Tranat 2000 at_ HBTh. $2,000 At 60Ty, $1.000 At #1,000_at t $1.000 'at 70, verdale a 0. $1,000 at 70, 000 i ‘$1.000 at 0%, 014, $1.000 at T0l. ) Silves Horn Min. B0 il King Div Mines Silver King Cous.. i, §1.000 MANY NEW ISSUES Sieitiants Bank and Trast Co—10 at 1283, | 10 Stand Siiver Lead. B F SAl L ‘ O AS WEEK BEGINS i 15y Heah, 1 \Y e : Money—Cal loans, 5 and 6 per cent. S5 Caas B Main 2100 1412 Eye St. N. W. Tonnage to British Ports Heavy. BONDS. Tri Bullion o Dt 0 0t | g ped P | 115 Your January Investments Other Briefs. SUBLIO GHILITY: 10V 8 contl new wi. . Bl Asked enden Coprier .. Ameriean Tel. 92 928 Consol 2 . American Tel_n.‘i‘ '5';‘“[&(.{‘ lg;.”‘ ,._”,V . . ; o u_nmm{‘“”"»”‘:::‘” E‘nm‘:g AR Tl é:l‘le,’;"flr;;n.i. - wt prevent the loss of interest which will occur OPEN UNTIL 5:30 P. M. TODAY \ if the selection of your January investments is put off until after your funds are in hand, and n!w to get exactly the maturity date and the interest .yield that you want, it is the part of wisdom to make your reservations now. & Potomac G “Telephone Telephone of Va. 5. Southern Mills 7 per cent notes were | Auss offered to the public today at prices | (; & Sield 2 7 c to yield about 7.40 per cent. R £old exports last week | Georgetown Gas 1st 5 totaled 968,506 pounds, of which 590,- | Metropolitan K. K. Gs. 000 pounds were shipped to the w NEW OIL RECORDS. ‘Wells in East Are Very Active Dur- ing November. OIL CITY, Pa., December 17.—Initial The Most Practical Gift —Xmas can bring a growing youngster is a Metropolitan Sav- ital Traction R. R. Os. 0 United States. l:uhrmlt " o 1 production credited to completions of b s > Public offering was made today ot | Lotomas El, & 1% e oll wells east of the Rocky Mountains . - ings Account. Such a gift en- established a new high record for No- an issue of $2,400.000 eleven to twenty- vember, according to the Ofl City six year 5 per cent gold bonds of the - We have available for immediate delivery or Jan- thrift and industry— courages ate ot North Dakots st prii 70 Derrick. uary reservation First Mortgage Coupon Bonds 117 1] . ale 80 Lo 05 e e e g | Washington 8% 84| The number of wells completed was trongl d . gag duci P o s ] and, handled here, brings the to_maturit Washlngton 100% | 1,450, a decrease of 148 compared with strongly secured on income producing . property, micink I8 young “financier” into banking relations which will stand him in W TR October. _Initlal production amounted to 546,275 barrels, an increase of 19,- 219. Dry holes aggregated 340, a d. crease of twenty-nine. Gas wells to- . 3 Wash. Hiwy. & Elec. 48 t tonnage of United States ves- 6 sels carrying cargo into British ports MISCELLANEOUS. during the first ten months of 1923 | p. c. Paper Mg. 68 .und backed by our record of no loss to any investor in 50 years, in which you can invest for any period 80 214 larger than the tonnage of ship- | Riggs Realty os (1 y SRl arriving in those porte under | Wigks Realty S8 (ahort) oo 87 taled 210, & gafn of twenty-two. At from three years 'to fifteen years. good stead a lifetime. any other foreign flag, a compilation . Mark _close of November there were & e By : i inan Park Hotel 65 Wy 5 rigs and drilling wells in this f Xmas Savings Acccunts can be started by the Bankers' Trust Company dis- closes. part of the increased demand for public_ utility stocks and bonds noted recently is attributed in some quar- ters to speculative interest in eco- | American Te nomics which may be effected | Capital Tracti through a new system of mercury vapor for steam plants which Is ex- pected to result in a gain of about 50 per cent in power per ton of fuel consumed. Directors of the American Can Company will meet on Friday of this week, the regular meeting date fall- with just a DOLLAR, or more. @3> Xmas Money Transferred by Cable. Our Savings Dept. Pays 3% Compound Interest National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,700,000 15th St., Opposite U. 5. Treasury—109 Years Old STOCKS. ‘rritory, a decrease of 219. PUBLIC UTILITY. ADVANCES IN NEW ORLEANS. NEW ORLEANS, December 17.—Ad- vances of 42 to 55 points were made by cotton market today in the first half hour of the session in the face of a poor Liverpool market and a renewal of talk of organized short time among Lancashire mills. New buying of an aggressive character caused covering of the recently built- ing on Christmas. A small extra divi- up Short interest: The January po- dend is expected. One of the directors | District sition rose to 33.62. has disclosed the fact that the com- | Farmers & M N any will soon pay between $3,500,000 | Federal-American pa BANKS HAVE FUNDS GALORE. and $4,000,000 to ‘the government in | Liberty a tax adjustment. 1 HOUSTON, December 17.—(Spectal). —Bankers here state that as a result LIVERPOOL COTTON. Bl i of Surpius funds, Texs banks toaay ‘ Organized in 1814 are buying more commercial paper LIVERPOOL, December 17.—Cotton TRUST COMPAN' P As only a limited amount is available in each year’s maturity, we suggest that you place your,order or reservation promptly. These First Mortgage Bonds are sold outright or under our Investment Savings Plan in denominations of $100, $500, $1,000 and $5,000. They yield 6149, net. Federal, State and District of Columbia T ax- Free Features Bring the Gross Yield to Over 1% Save and Invest Have you lost EARNED MONEY in stock speculation? That never happens to buyers of our notes. THESE FIRST TRU NOTES are known to be SAFE INVESTMENTS an those of any other state. Many spot, moderate business; prices | American Becurity & Trust. of the larger Institutions have money Steady. American middling, | fair, L Trust. in the cast on call. 20.46; good middling, 19.61; fully |Merchants Haok middiing, 19.21; middling, 18.86; low middling, 17.66; good ordinary, 16.66; ordinary, 16.16. - Sales, 6,000 baies, in. | * L uER $4,000,000 IN PEANUTS. ATLANTA, Ga,, December 17.—(Spe« cluding 3,700 American. Receipts, BAVINOE BAN clal)—Georgia's ‘peanut crop will net y g WITH A 100 bales, all American. Futures | Commerce and Savings. growers nearly $4,000,000_ this year. i , closed barely steady. December, | Eust Washington, The acreage plahted was 111,180 and e & e ; 3 WIDE MARGIN OF SECURITY . #av. & C March, 19.81;'| Seeurtty S, September, | Sevel® SIS e gton Mechanics' 280 | the yield 38,910 tons. . Next year's acreage will' ‘be greatly extended. Nearly all growers marketed nuts through the co-operative clation. 19.24; January, 19.26; May, 19.21; July, 16.41; October, 15.7 15.23. NEW YORK EGG PRICES. (£ NEW YORK, December 17.—Eggs— | National Union.. Unsettled. Recelpts, 720 cases. TITLE INSURANCE. ¥resh gathered, extra firsts, 48a50; | coumbla Title. do., firsts, 43a46; do., seconds and | Real Estate Title. poorer, 30a42; New Jersey hennery ELLAN whites, closely selected extras, 62; o A RO nearby hennery whites, closely se- ~y lected extras, 62; state mearby and |jyergenthaler Linotype.. nearby western hennery whites, firsts | Oid Dutch Market com.. to extras, 56a6 nearby hennery | Old Dutch Matket pf browns, extras, 68; Pacific coast |Lanston Monotype { whites, extras, 60a62; do., firsts to ex. | Becurity Storsger.. ‘Washington [ar] e o etn GCAREe; gerator firsts | geilow Cab. Zagg—Well, 1 think I like to see “em 24 8% . 28, i *Ex-dividend., {Extra dividend of 2 per cent. best as professional beauties. Tounded 1873 : FIRST MORTGAGE INVESTMENTS . SMITH BUILDING 815 FIFTEENTH ST. Please send me infornfation about your First Mortgage Investments which are immediately available in maturities of 3 to 15 years. Paying 6!2 % Per Annum Made on a Straight Line of Return Not a Fluctuating Value Sold in Denominations of $100, $250, $500, $1,000 ISHANNON - & LUCH MORTGAGE DEPARTMENT 713 14 St. NW. M. 2345. ecember (1924), | washington American TURKEY PRICES TUMBLE. . WICHITA, Kans, December 17.— (Special)—The turkey market is at the lowest level of prices reached in fifteen vears. Ffiteen cents a pound is being quoted for No. 1 birds. Farmers are not selling. “The east + ™ |does not want turkey: 53" | planation of the buyers. s . ————n From Judge. ™% | Zigg—What profession do you think . | most becoming to a woman? the ex- Address .