Evening Star Newspaper, December 30, 1923, Page 25

FINANCIAL, BUYING IN STEEL . IS BROADENING OUT Decline of Past Week Due to Holi- day Seasop Review “Reveals. Copper Easier, Tin Steady and Lead Firm., By the Associated Press. -NEW YORK, December 20.—The buying movement In steel experlenced the usual decline incident to the holi- 4ay seazon, but it was generally con- ceded that bookings for forward ship- ment during the first quarter of the new year have improved very ma- terially during the past few weeks. This is believed to indicate_that buy- ers are now convinced that producers are not anticipating any reduction in values. The demand for pig iron was quiet and the undertone of the mar- ket was only about steady as there were evidences of some producers of- fering inducements to buyers in the Wway ®f slight concessions. Copper was somewhat easler, with demand of a holiday character and tome- shading of prices for prompt metal and deliveries extending into the first quarter. While it was be- lieved considerable copper could be purchased around the 13-cents level for January and February shipments, there has been no special pressure of offerings. March shipments were held at_slightly higher prices. Tin was steady, with buyers indif- ferent. January arrivals were ex- Pected to be light and premiums were asked for nearby shipment. Lead was firm. The output Was ex- pested to enlarge by February, but ndications pointed to continued lib- eral deliveries into consumption. Zinc continued steady with.no pres- sure to sell. Antmony was quiet, although de- mand was expected to increase with the new. year. The undertone was firm, as stocks avallable for early de- livery were In strong hands. LEADING RAILROADS CLAIM NEW RECORDS Car Xoadings Set New High Mark. Much New Equipment Purchased. Expenditures for new equipment @xcecding those of any previous year, car loadings also topping previous high marks and earnings aggregating a lit- tle more than 5% over the year are the outstanding facts of the rallroad industry of the United States, as shown by reports from class 1 carriers to the American Railway Association. Notwithstanding _ the rallroads ‘handled the largest business in history, loadings exceeding even the high mark of 1920. they have failed to realize the “moderate return contem- plated by the level of exigting trans- portation charges,” the association de- clared. Karnings of class 1 carriers are expected to approximate $980,000- 000 for the ca'endar year, or five and eleven-hundredths per cent on their tentative valuation as fixed by the Interstate Commerce Commission for rate-making purposes. Yet the rate ©f return was hicher than dnurine the past two years, for in 1922 it was four and fourteenth-hundvedths and fm 1921 and thirty-three hundredths, lete reports for the firs & of the vear fhdicate load- ings for the year azgregating 49,844, an increase of more than 15 per cent over Iast year and more than 10 per cent over 0, the previous record year. of a 10 per freight rate reduction effective wis to_reduce total ansportation_charges during y more than $500,000,000, the association estimated. During th placed In class 1 rallroads arly 200,000 new freight cars and about 4,010 new loco- motives, while they expended for fuel, materinls and supplies used in current eperation and maintenance approxie mately $1,800,000,000. Records' show ' the movement per frelght car this was more than thirty miles, the highest on record. ~ At the same time they established a new record in_the amount of coal moved to Lake Erie ports for water shipment up the lakes, moving to the ports 31,313,000 tons. ———e CRAZED SLAYER’S CHILD DIES OF PNEUMONIA Brings Death Toll Due- to Woods- man’'s Frenzy to Seven—Ex- ‘posure Caused Death. Dy the Associated Preas. average daily AUGUSTA, Me., December 29.—The | oon toll of death from the frenzy of a crazed woodsman at Whitefleld and Jefferson last Saturday, when. John Snow shot and killed five persons and then took his own life, rose to seven yesterday, when Marion, Snow's in- fant daughter, died of pneumonia at a state institution here. . The child became {1 a result of exposure while being taken to the home of a neighbor after her father had killed her mother, aunt and grandmother in the latter's cottage at Coopers’ Mills, near Jefferson. short. time before Snow had shot and Kkilled the wife and son of Deputy Sherift Frank C. Jewett at Whitefleld when they refused to let him take Jewett's automobile to visit his wife. Little Marion was found unharmed in ber cradle after Snow had shot the three women and himself in the same room. the shooting occurred. INDIAN HOME RULE PARTY IN ONE TO FOUR MINORITY ‘Will Hold 208 of 637 Places. in. Councils—Get 41 Out of 105 Assembly Seats. . By the Associated Pres LONDON, December 29.—Returns from the Indian election are now suf- flelently complete to indicate - the strength of the swaraj, or home rule party, {n the @ssembly and Im the provincial councils. Results from 51 of the 105 districts show that the swarajists obtained 41 assembly seats, while in the councils avowed hi re, however, pendents who' probably wiil the IW‘ll'll on any “national on. - - Asthe nominated and:official mem- ‘bers of the assembly total 40 and the councll members thus ohosen tos 1179, - the swarajists . will,” you bo in the minority of one to teure ! e gt COPPER PRICES SHADED. NEW YORK, December 20.—With no improvement in demand and with for- el markets showing an easfer Saveionad 'Tn" Copper. duriag. tae piat week. There has been no n‘mgn.l.:z selling pressure, but prices have been shaded, and while producers are hold- ing for 13% for forward deliveries in ihe-Brat_quartes._is . quoted: at 13 to pport ques- ar | Inclined to look inward, not ou a8 14 ; THE SU}?DAY' STAR, WASHINGTON, D.- ‘Capital Traction’s November . |RANGE. OF MA Earnings Amount to $85,956 C. & P. Telephone Company Reports $14,000 Net for Same Month~Columbia ¥o mepverions are seeN| Graphophone’s Chief Assets Itemized. Capital Traction Company's earn- Ings continued on their even temor during the month of November, amount- ing to 3$85956—slightiy less than $1.600 from the $86,790 reported for the same month of last year. In Oe- tober of this vear the company re- ported a net income of $92,818. Rallway operating revenues amount- ed to $389,852, with expenses totaling $245,923. Taxes assignable to rafiway operations aggregated $33,057, -with { deductions totaling $25,487, including $23,358 as interest on the funded dabt. Revenue passengers carried during the period totaled §520,601, a de- crease of 260,693 from the samo month last year. Phone Earnings Gain. The Chesaveake and Potomac Tele- Phone Company reports a gain in net income of-approximately $14.000 for its November earnings, a total of $128,628 being shown for the pariod ::m:m;:‘;ulzh with $114.266 for the nth _of last year and with #106,02 for October. The gross revenues for ‘November were 3486831, an increase of $11,442 over the previous month, which is due to increases in local and foll message traffic attributable to the usual winter {ncrease in general ae- tivity in the city. v The operating expensés for Novem- ber were $324,027, the decrease being largely due to the fact that Novem- ber contained fewer working days than the previous month. Total plant and equipment added during November amounted to $200,- 876; retirements, $63,498, leaving net plant additions of $137,378. The total net ditions to plant and equipment in Washington for the eleven months of this year have been slightly in excess of $1,250,000. Columbin's Chief Assetw. The principal assets of the bank- rupt Columbia Graphophone Manufac- turing Company are outstanding ac- counts of $5,932,600; merchandise in factories and warehouses, $4.593,406; cash in banks, $2,753,260; real estate, 31545527, machinery and fixtures, $1.546,701; investments in subsidiary companies, $1,225,000, and good will, patents and trade marks, $1.000,000. The main ftems in the schedule of Habilities are $6.797.202 in five-year 8 per cent gold notes outstanding under a trust agreement of August 1, 1920, with the Guaranty Trust Com- pany of New York; Wiillam C. Bick- erman, E. C. Mayo, Jay 8. Meyer, the committee formed under agreement September 30, 1921, $1,533,320, based on the adjustment of claims of merchandise creditors; Bankers Trust €Company, Chase National Bank and the Guaranty Trust Company of New Philadelphia and the First National Bank of Chicago, $444.022 each. Following _the appointment of re ceivers on October 15 the readjust- ment committee, representing over 90 per cent of indebtedness of the com- pany, formulated a reorganization plan, which was adopted November 15. 'Under the plan two new com- panles were organized, one to con- tinue operations.and the other to take over and liquidate such assets as were not required for economical operation. The operating company and the Hquidating company each have 80,000 rhares of no par value capltal stock. A holder of ten shares of preferred stock in the old_company is entitled to purchase at $100 a share voting trust certificates representing flve shares of stock of the operating com- pany and five shares of stock of the liguidating company. A holder of 100 shares of old common can pur- chase, upon payment of $100 a share, 45 shares of stock of the operating company and 2.45 shares of the liqui- dating company. Creditors partiol- pating in the plan will receive 3.75 and a llke amount of liquidating company stock for each $1,000 of in- debtedness, principal and interest. At the time of filing the petition In bankruptey Columbia _Graphophone had outsianding $9.642572 of pre- ferred stcck, $12.966.5612 common and $6.000.000 five-year & per cent notes due in 1925. The stocks have since been stricken from the New York Stock Exchange list, while the notes dealt in on the curb market sell around 20. Interest on the not: not been pald since April 1, 1922, Fall of Franc Complicates Mode of L iving in France Depression Brings Question in Mind of People as to Probable Cause by Policy of Occupation of Ruhr. BY ANDRE TARDIEU. By Radio to The Star. PARIS, December 24.—Internal Questions, especially economic ones, soem to be taking precedence over In- ternational affairs 4n every country Apparently this has happened in the United States, where the election campaign has opened and the farmers have Introduced the economic element tnto politios. It is truc also in England, whe:- the fear of higher prices, resulting trom Prime Minister Baldwin's pro- tectionist proposals, undoubtedly de- termined the result. { And it is true in France, where to- day onc hears nothing but talk about election laws, high prices, salary demands of civil servants and admin- Istrative reforms. Several Reasons Exist. There are several reagons for this condition of affairs.:In the first place, {When a democratic country votes, it } var Again, economic troubles, which are the same the world over, are particu- Iarly acute In the winter. The third and last reason—and perhaps the strongest—is that the inability of gov= jernments in the last four years to de- velop positive solutions for interna- tional “problems has disgusted the public with foreign affalrs. ‘Every- body prefers to fix his attention on more loWIK questions, in connection with which progress seems possible. France's financial and economlc situation compels us to consider in- ternal affairs first, for the situ- ation Is bad. Rising prices have at tained unbelieveable heights in the last few weeks. The index, which was 1 in 1914 and 2.3 In 1910, today is wavering between 3.8 and 4.5. Con- tly, Frenchmen ed in- are suffering to the point of comes misery. Americans In Paris know what this means, when they consider that a letter ‘carrier, married and with two children, gets less than 7,000 france —not quite 400—annually, and can- not possibly make ends mett. The consequencs, is discontent and agita- tion. Government Embarrased. The government.- Is decidedly em- barrassed in the face of the em- ployes’ demands. for state and local udgets are Iready overladen. ational taxes alone etceed twenty- four billion francs a year, as é¢om- ared .with four and & hait billions efore the war. It {s agreeable. to note that these taxes cover ordi ered that at least a third of the of taxes collected, over esti- mat receipts is directly due to higl prices, since- high -prices mean a big- ger volume of business, But this, again means that the state must spend more in salaries. Logically, one should begin by at- t of living, but the government done nothing, - and certain ministers have even contrib- uted to the ralsing of prices by their excessive_protectionism. In 1922, al- | though France's sugar = production ‘was below the nation's ret}\lhllllnu« exportation of sugar was freely per- mitted. Later, we had to buy back this sugar at inflated prices. . This year we &re exporting vast quanti- tles of cream to England for butter and cheese making, since England, on account of the ¢xchlnfe rate, can afford to pay higher prl As & result, milk Is scdrce here and the aithough our price is mounting. And, furthermor herds are actually below France's needs we have placed a high duty on foreign -cattle, making meat higher than ever had been dreamed of. Final- 1y, having lost three-quarters of the German coal previously received, we .have been obliged to buy enormous quantities in England. Everybody is talking about meas- ures to reduce prices, but there is no soverelgn remedy. Prices will fall when general political, flnaucial and economic conditions improve. The franc’s recent decline, for example, is 1o political and speculative causes, for our trade balancé has im- proved and the budget situation has not greatly changed in the past two ypars. Protection General Poliey. indeed, comes under general policy, and no (Srices as tacking the c the head of specific remedies cun lower g ab the prime nece: Consequently, France stands in a state of decided unrest. Government bonds, of which almost rerybody zllul ‘some, . Manutac- Ul to tremendous risks. Moreover, re- construction is not finished, and one iwonders what taxes will be after we |borroy fifty more billions on which |t \ill be necessary to pay Interest. A government which would boldly |tackle this problem and produce’ & | Vjgotous solution would, the writer | thinks, be immensely popular, despite inevitable complaints at the outset. Many think France's own house should be put in order before an at- tempt is made to settie foreign prob- 1ems. When shall we begin? has answered yet, but th question of the hour. FRICK ESTATE PAYS $10,000,000 IN TAX Federal Government Receives $6,338,898.68—Property Valued at $80,000,000. | By the Associated Press. PITTSBURGH, December 29.—Near- 1y $10,000.000 in taxes has been paid by the estate of the late Henry Clay Frick, according to Inventories which have been flled here In the office of the register of wills. Taxes to the amount of $6,338,898.68 have been paid to the federal government, while the states of Pennsylvania, West Virginia, Kansas and New York have recelved. respectively, §1,978,949.71, $329,925, $353,887.04 and $131,000. Also $322,563.43 was paid to the city of Pittsburgh and to Allegheny county in taxes on real estate here. More than a dozen states have received smaller amounts. Until the time of the filing of the last previous accounting bequests had been withheld from various bene- ficlaries, while money was being realized through the sale of property curities. Accérding - to the jent accounting, during the last year Adelaide H. C. Frick, Mr. Fricl widow, Was<paid $5,000,000 in_ cash and securities; Helen Clay Frick, h daughter, $4,400,000; Childs Frick, his son, $2,000,000," and - Frances Dale Frick, $2,000,000. The inventories show that the value of the estate, including real estas holdings, stocks, bonds, from dividends and interest payments, will not exceed $80,000,000, indicating & shrinkage from previously announc- ed figures. URGES JAILING DOCTORS WHO USE GOAT GLANDS Physician Says He Has Non- Surgical Treatment for War Bone-Sufferers. Bv the Ansociated Press. MARQUETTE, Mich.,, December 29. —A method of treating sufferers including war cripples who sul from bone and lar infection due to wounds— without. operations and which, he sald, had been successful in a number of cas under hi 5e! described last night by DPr. in an address before the Medicine of Marguette and the Marquette Alger County Medical Soclety. The method Which, he sald, was simple and avallable to every phy- s’ Known &s the aluminum e lum pitrate treatment. This, e hoped. would prove. a batiefit t industrial cripples as well as vthers suftering from infectl Lone and marrow. % 3 He declared physicians who prap- tice or sdvise the uss of sheep o goat gland ifi ‘glan-transplantation operations should be put In jail, as- serting that ‘such cases had proved of n6 gain t0 the patlent, as. sheep and goat glands either slough off at once or are absorbed in & few weeks. lands effective in such are thoss of m?: sa ape_ an u an not éffeat rejuvenation, but are effective in certain cases by the use. of pro; methods and techniq i i Chicago, trestin He sald s | gifts h: Thorek of the American Hospital of | Ib,, skares of operating company stock ‘The chart «bove shows the high and low, by tive stocks dealt in on the New York of July, 1921, up to and including Solid curve represents section indicates volume of sales of complled by the Wall Street Journal. RKET AVERAGES LY 20 industrials xnd outline curvi LEGEND poscai i * INDESTRIALS of forty repre: Stock Exchange, from the fl.et week the week ending Decemb.r 29, 192 20 ralls. Lower all stocks. Averages used are those [he Year 1923 to Date on the Washington Stock Exchange. Furnished by W. B. Hibbs & Co., Hibbe Blax. Saturday, De.ember 29, 1923. h. Gas 000—Ana. and Pof R. 58,000—C. and P. Telephone 1st & £12,000—Capital Traction 1st bs 12,000—City and Suburban Ry. 1st b 26, Lt. 1st b 67,7 9.000—Wash. 168,000—Wash. Gas Light gen. 5s.... 347,000—Wash. Ry. and Elec. cons. 4s 34.000—Wash. Ry. and Elec. gen. 6s 65,200—Washington Gas 7%s. 48,800—Pot. Elec. Power ref. 7 1,500—Dist. of Col. Paper Mf) 16,500—Riggs Realty (long) os.. 4,600—Wash. Market Cold Storage 27,200—Wardman Park Hotel 6s. Bhares. STOCKS. 3,884—Capital Traction 5,478—Washington Gas 8,316—Wash. Ry. and Elec. com. 7,255—Wash. Ry. and Elec. pfd. 3—Terminai Taxicab Co. 35—Capital National Bank 254—Commercial National Bank . 116—District National Bank... 16—Farm. and Mech. §6—Federal-American 27—Liberty Natlonal Bank 221—National Ban §7—Nat. Metropolitan Bank 680% —RIggs National Bank. 362—Riggs National Bank rights 10—8econd National Bank... 638—Amer. Security and Trust 404—Continental Trust tlonal Savings and Trust 50—Wash. Loan and Trust 474—Merchants' Bank. and Trust 30—East Wash. Savings Bank. 40—Sec, Sav. and Com’l Bank 20—Washington Mechanics’ . 71—Firemen's Fire Insurance 100—Columbia Title Insurance 41—Real Estate Title Insurance. 1,590—Mergenthaler Linotype 2,312—Lanston Monotype . 373—Security Storage Co 528—Waghington Market 60—American Com. and Savings 30—Banking Trust and Mortgagi 260—Citizens' Savings Bank 38—Departmental Bank s—Munsey Trust .. 200—Northeast Savings . 176—Wash. Title Insurance. 1—Chapin-Sacks § per cent pre: * Cash. ROCKEFELLER, CARNEGIE SCHOOL GIFTS END SEEN Official of Foundation Says Com- munity Trust Will Become ’ Endowment Form. By the Assoctated Press. NEW YORK, December 29.—Huge to educational institutions, such ve been made by the Rockefel- ler and Carnegie foundations, are likely to end soon, it was predicted yesterday by Wrederick P. Keppel, president of the Carnegie Corpora- tion, who spoke at the annual holi- day luncheon of Columbia University i umni. .A new era is dawning in philan- thropy, both in America and in Eu- rope, Mr. Keppel sald, and he as- serted group giving in the shape of the community trust probably would become the biggset form of endow- ent. This form, he declared, “lets in the little folks” as well as the rich and has been copied in more than forty citie LIVE STOCK MARKETS. TIMORE, Md., December (Sp‘e‘n{‘fl).—’l‘he live cattle market un. der light to moderate receipts rule: s y but firm with a fairly good de. mand prevailing, but centered on' top grade quality. Very few arrivals by boat and mostly of common to ordi- nary cattle, which are slow sale at lower values. hQ;loullons today at ht street wharf: e eastle, first. quality, 1b. 7 to 8 medium, 1b, 5 to 6: bulls, as to qual- ity, Ib,, 4 to 5; cows, choice to fancy, + 4% to 6%; commén to fair, 1b, 2 4; oxen, as to quality, Ib, 4% to ‘milk_cows, choice to fancy, head, 56,00 to 75.00; common to fair, head, 30,00 to 50.00; calves, veal, choice, 1b., 12; ordinary to medium, ib, 9 to 11 rough, heavy, gommon, b, 6 to 8, sheep, choice, 1b., 5 to 6; old bucks, 1b., | 4 to 4%: common, Ib, 2 to 3; lambs, spring, choice, Ib., 12 to 13; fair to ib., 10 to 11} common, thin, 1b., o 208 0gs, straight, 1b., 7 to 8: sows, 1b., 5 fi";'.ug- and boars, 1b, 3-to 4 live plgs, as to size and quality, lb,. 8 to §: mhoats as to size and quality, HEW T RI, Dectmber ’.‘.’;fi&ifii m&"’%fluc‘z bulls, 3.26a5.50, O wivei—Réceipts, 570 head; steady: veals, al }' 5 ;* culls lndn 2:5!. calves; 7.00a8. al - #Sheep - and cw 5.0 tend: lg:o ‘uo.z"s‘e' ot 00; Tamiba. B.0va14.00; culls; 8.06 owa—Recsipts, 830 head: stendy; Ren T High. Low. en. T o Balto. and Annap. 18t 5 '416—Norfolk_and Wash. Steamboat k of Washington. ., UNLISTED DEPARTMENT. Bank... ferred. ————————————————————————————————8 DRY GOODS STEADY. New Idnes of Fall Goods to Be Shown This Week. NEW YORK, Decembor 29.—Cotton goods markets wei dy and qulet today. -Yarn prices ruled firm in spinning centers ‘with the demand light. New lines of fall ginghams will -be shown next week. Reports from men's wear channels state that advances for the fall of 1924 will run from 7% to 10 per cent, irregularly. Owing to the light demand for men's wear worsteds there will be a larger diversion of looms to women's wear next' year. Better business for milk manufacturers is generally expected in_ the trade, the demand for dress |ubflc- having quickened of late. Linens were dull and burlap quiet. { BOND PRICES GAIN. |Saturday H ing Bession. NEW YORK, December 29.—8ub. stahtial gains were recorded by a 4 #sortment of rallroad mort- gages in the brief trading period of today's bond marke Paul bond: particularly, continued to move for- 1Wanrd and the Denver and Rioc Grande 4s_jumped two points. he volume of trading was r vely. large for a half hollday, jprice changes for the most part wers limited to fraction: Some of the steel, sugar, rubber and Ilfloflll!’ company bonds found mod- erate support, but there & 1 1t in any of tho Zevera South American ‘vanced. slightly while som French municipals fell lower. ~Actr United States vernment bonds foved irregularly within _narrow ! FLOUR PRICES STEADY. f_w- M3 December” £9. ' ) barrels. uly, a65. . Oa % No. "!l, B mrh the * fout of Market Proves Interest-|(§ = C, DECEMBER 30, 1923—PART -1 ADVANCE IN 0ItS FEATURE <N CURB| wuk Sees Marked Strength il‘ Pe- " troleum Group—Indus- ' trials Spotty. By the Associated Press. . NEW YORK, December 29.—Display of strength in. the petroleum group was the most important feature of the market on the New York curb the past week. This firmness natu- rally was based on the improvement in the oil industry, which was di- rectly reflected in advances in the price of crude ofl in many fields and an advance in petroleum products Friday. The Standard Oil issues were the most prominent on this move- ment, many of those issues making advances ranging from 5 to 15 points. Magnolia Ofl, which was one of the companies advancing its crude ofl prices, moved up 10 points, and a ®ain of over 10 points was made in Standard Oll of Oblo. Prairie Oil and Gas rose more than 13 points, but this advance was added to by the fact that the stock sold ex-dividend of §2 Friday. There was heavy trad- ing In Standard Oil of Indlana, that stock moving up over 2 points. South Penn gained 10 points. Mutual Oll was a strong feature In the independ- ent group, There was a sensational culmin tion to recent heavy trading in South- ern States Oil, that stock which sold as high as 33% on Monday being su pended from trading on Wednesday, and after the trading ceased on the oxchange, the firm most prominent in its market movements falled. Industrial iasues were irregular all through the week. Special attention racted by Statz Motor because all from 9% to 6%, making a new low record. Peerless Motor was also extremely weak, and a decline %f fSome & points occurred in Checker ab. COTTON BARELY STEADY. Declines Follow Opening in Satur- day Trading. EW YORK, December 29.—Open- Ing advances on relatively steddy Liverpool cables were followed by.de- clines ‘in the cotton market today with March selling off from 45.85 to 35.32 and closing at 35.30. The gen- eral market closed barely steady. at net declines of 20 to 47 points. The opening was firm at unchange@ prices to an advance of 19 points and there was some buying early on re- ports of a better tone in the goods markets at Manchester, the large spot sales reported in the southern mar- kets late yesterday and prospects for large exports during the next few days. Fresh buying was held in check by the usual week-end con- #lderations or the proximity of the New Year day adjournment, however, and the market soon turned easy un- der realizing or lquidation. Reports from Georgla stated that mill curtallment in that state was not extensive, but that further curtail- t was probably early in the new rt.‘ml" there was an Improve- en Private cables sald the steadiness in Liverpool ‘was due to spinners call- ing and a slightly improved spot de- mand. Fall River sales for the week were estimated 4,000 pleces. NEW ORLEANS, December 2 Cotton futures closed uar; . 35.15a18; July, Getober, 28.40a42. Spot steady 50 points low- er; middling, 25.50. v —_— SILK OUTLOOK BRIGHT. Greater Activity Predicted Early in New Year. NEW YORK, December 29.—Gi activity in the raw silk market mas turn of the year, in the opinion of Gwaiter & Co.. Who In their | weekly report state that conditions in | the fabric market are improving and stocks of raw silk in the hands of u‘:; mille are at an -exceptionally low ebb. “The Yokohama market,” says the been very active since ter part of last week and tions for the last ount to over £300 bal exclusively for American Prices have advanced 80 yen a bale and if the actlvity continucs aré likely to go still higher. Double ex- tra As are quoted at 2,150 yven and tram stock at 2,080 yen, with the lower grades showing w tendency of | level of the! drawing closer to the better grades on account of tho scarcity of ready supply. Stocks at | Yokohama ware reported at 22,000 bales of white silk and 11,000 bales BRI T ————— 79, First Mortgage Notes by first deed of trust on high- et proved D C. e Bomes, sale in depominations of $250 to $5.000. OORY & OORY, 807 1ith N.W. OFFICE and STUDIOS For Rent CITIZENS BANK BLDG. | 1336 N. Y. Ave. NW. [ FIRST MORTGAGE MORRIS C Z CD et ma be confidently looked for after lh{! IXTEENTH TREET PARK In the chosen 1 of High-Class Development . For HOME or INVESTMENT Edson W. Briggs, Owner | M. 5974 1108 16th St. N.W. For sale. Comsult ug if you have avallable funds for tnvestment. THOS. E. JARRELL Member Washington Real Estate Board Weodward Blds. Main 768 FIRST MORTGAGE _ _ LOANS Denominations $100-to $6,250 -Interest Rates 61,% and 7% All loans secured -on modern homes and busi- ness property in best fiorthwest sections of the city. Ask for Information pora he rate of 8 Btive Preierred tock, being 82 per sh ool 7 per anmurm on the 39, Cam Preferred Stock, being $1 7‘5?“‘.‘ Vaiud Money to Loan - Prevalling: interest and commission. :Jo’scph I Weller 120 Wb, Bidg., 9th FINANCIAL. Im':'m- Se N.W. Main 617 I l ’ Yon Believe in the United States—You Believe in Washington. Per 8 Cent We recommend an issue, now being sold by our Securities Department, paying 8% interest— payments being made quarterly. Many of our clients are making reservations in anticipation of their January requirements. ! Write, phone or call for complete information Allan E. Walker Investment Co. J. E. WHITE, Manager Main 2690 Securities Department Southern Bldg. MONEY TO LOAN oN DISTRICT OF COLUMBIA AND Secired by first deed of trust on real estate. . & Trost &F NW. CHEVY CHASE, MD., RESIDENCES | 5149% Interest H. L. RUST COMPANY 912 15TH STREET N.W. MAIN 6888 FOR THE PRUDENTIAL LOAN CORRESPONDENT ity INSURANCE COMPANY OF In the Heart of the Financial District FOR RENT In the Nationally Known Southern Building First Floor Space On 15th - Street, Opposite Shoreham Hotel: This is an excellent location for. high-class business, in- vestment, banking or brokerage house. It includes also entrance on lobby. Apply R. F. Freer, Mgr. Room 220 . DRHER e | = oo = == s Y § i tio 25 e Open Until 5:30 p.m. Tomorrow and Wednesday ‘ A Prosperous New Year { The most féasible way to make 1924 a year of prosperity and progress is to knuckle down, right at the start, to a program.of intensive thrift—and stick: to it throughout -the- twelve months. : ¥ Just a few dollars planked down THIS PAYDAY, and all subsequent paydays, in Qur Savings Dept. will buighten your financial prospects— increase your opportunities—diminish- the anxiety engendered by ‘rainy day” thoughts. . ) Our Savings Dept. Pays 3% Compound Interest-welcomes nitial deposits of . One Dollar or more—gives your cash the protec tion of 'the OLDES' i\llnioml Bank in the Dis- trict of Columbia. tropolitan Bank Capital, Surplus and Undivided Profits, Over $1,700,000.00 ;- 15th-St. Opposite U. S. T 109 Years Old O