Evening Star Newspaper, March 1, 1924, Page 15

FINANCIAL, WEW FARM CREDIT 1S IN EFFECT THE EVENING STAR, WASHINGTON, D. O, SATURDAY, FINANCIAL, NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Offico MARCH 1, 1924. STATEMENT OF THE CONDITION Of_the RICHMOND BENEFICIAL INSURANCE COM- PANY OF RICHMOND, VA., Washington Oil Inquiry Keeps | WeLoanMoneyon e r P A 8 F ‘Coiombjs | Apartment Houses, Office Build- Wall Street Traders Nervous |t s Gt g o, “_: R See us about that big loan. ck, Higbie & Richardson, Inc. Capital stock, paid up, in casn. ASSETS. 816 15tk St. N.W. | MONEY Prevalling Rates of Interest See Mr. Fiel Hedges & Middleton, Inc. $23.000.00 BY WILLIAM F. HEFFERNAN. 25,000.00 NEW YORK, March 1.—Announce- ment that the American Light and Tractlon Company had called for re- prices. Borne and Scrymser featured { the Standard Oil group. getting up anather 5 points, and later reacting somewhat. Evening up of accounts over the week end involved considerable ac- Cash in office Cash in bank Real estate . Copper Reports During Week Also Cause $2.344.07 14,155.90 | Government Now Starting ‘Move for More Labor—Big demption the remaining 50 per cent of its outstanding 6 per cent bonds at 101 and accrued interest caused a tivity in the industrial section. United | States Distributing one of the | leaders, getting across 28, Durant of Delaware also did better, but other | Uncertainty—Decline in Cotton Real estate ‘mortgages (frst lien). Stocks and bonds (market value).. Premiums uncollected and in hands of agents S REALTORS Notable—Views on Taxes. BY STUART P. WEST. £00d deal of attention to be directed to the common stock this morning. The trading, however, while unusu- ally heavy, did not result in any fur- 1334 H St. N.\W. Franklin 9503 Interest due and accrued motors were unchanged. All other assets Changes in the mining group were unimportant, despite the recent im- provement in the market for the cop- | per and lead metal. Hawthorne Mines, | Demand for Products. Total assets ... LIABILITIES. meant an unmanageable surplus and decline in prices to a point where the 1 BY J. C. ROYLE, al Dispaten to The Star. NEW YORK, March 1—Whether the methods of rendering financial help to the farmer which went into et today are successful or not, the 3 ral government is already mak- g preparations to assist the agri- lculturists in other equally important irections. The farm labor burcau) is starting to line up a supply of labor for the farms, which it is hoped will jusur n supply of waor during time. Bul- lotins as to Iabor require- me are being issucd reg main office of the | bureau at Kansas City, and fifty or{ dhore offices will be maintained fthrou t the country. | 1 Farm Wages Higher. 3 e b on the farm T hefor d preliminar. crops indfcate U Ime of w s L adequate hary cors as to seasonal on the farm: 1y from the ghe A will be reqnit ! ind oth will start in Texas{ wound Jun nd will move north-| ntil th snow falls, whil ki will not b com winter, | Potite picking. | sath and corn husk- | il neeessitate thou 1 farm work { in good demand and are | i rin ted to profitable employ- « bureau c has nd encour stock growers in nearly «xeept Callfornia, wher injured the rane The lower Hmise begun in the ze conditions ment to live | all sections | drought has | » demand for | m the avy, since th now obtaining have induced amanufactn o turn to the cheap- er grades wherever possible. Tn ““.lli west prices many manufacturers arve looking for & substitute in the form of worsted waste. The market for this e Modity in consequence has advan about 10 per cent in the last fow weeks in iladelphia and other | mark: Holls Up. cen- themselve American W these hav rench textile sori1 orts to_raise | quantities in Mada- West Africa. Ani- 4 vear ago are reported | nt condition. The overnment aiding these but Albert Sarraut, notified | it require ousands of p to reign wool. Even s are o success, sheep needed must b from Americ wous om a t dependence on ol t out in cxenl will nj wdvancing, | quoted Bttle prices have b Secretary Wallace < meats b Iy Sh cents I8 going Pickers also are ey expeet to be 4 pros r they are oper ution and ma the el steadily Consumption n the = ant than stock in ur s been t ity of to consume al t that Xo such consump- possible at not been for of the coun- rit, id_marketing of fruit in this country is| tting away fron - i from seasonal range Strawby in this eit { 2400 j Balos ther advance. The stock held most of the time around 129 to 130, which meant a rise of nearly 10 points frofn a fortnight ago. Oil shares once more were com- paratively dull, with little change in NEW_ YORK, March 1.—Following ie an officfal 1St of bonds and stocks traded in on the New York Curb Market today: Sales in thousands. Allied Alum Am € BONDS. i fo.. 100 a11p 1023 100 H it 3 wetrolt City Det H G @ Edixon s General Pet 6x Gulf O of P 5 d Rabber s & C Tk A wi or ‘Mateh @1x wi ul H Ry dn MeN & T Win Lig'r ve Mark St Ry o Morris & u Nat Leather t New Or Pub S, h ow Ven rh ¥ w & Lt e Tiak W't war Osage Prod e Veceunm Oil Ts . Virg Ry Os wi . FOREIGN BONDS Got of Ar 68 'ST wi King of Nether 6s G Swiss € N'Y Transit Oto Ol new airie 01 & ¢ 4 P L. Solar Refin .. onth Penn_ 01 X 0 Indiana S0 Kansas new Swan & Fineir Vacuum Ol new NDEPENDEN LN OIL STOCKS it Cit cit BB pfd 000 it Sery serip 33 ! topy Mex Fagl Mex Panue Mount Prod .. Mutual 01 vor efx Bradf Ol w } Mex Land.... 0l & Gus ol € Natural Gus & Gas Corp. .. New Oliio ¥ Iklu ur O e O Penn Reave Roval Cavad t Ck Prod.. Sapulps e whoard Oil U8 Cities Co Wileox Ol & & 4 INDUSTIIALS. Acme Coal mew... 2 Am L & Tract . 2Ry | Am Nniltigraph ¢ Cand Prod Corp w nt Teress 0ii. 1l 0L R those « th Pt possible selling well un- tainin rn growin braln almost veetable in larger cities at at which exorbitant, is i due 5D enabl ops into the most ad- market without undue af the yor even produced in rge part ! ation . which their e L Ask Your Banker lo Pow & Lt m Tovest Corp wi Continent Tob Ine Ciba Co ... 5 Dubilier €& Radio Dunhil Int Inc Durant Motor ... F & W Grand S wi Gillette § 1 Glen Aldes tiondyear Hazelton T Hud & Mann R R int Cone Midvale Co New Fiet, Pu N'Y Tel (o pf.. Park & Tilford. Radlo Sioase itadio Corp ptd | both however, which on the 400-foot 10 McKin Dar Metals Prod was readmitted to trading & few days.ago, was in de- mand above 51, and Red Warrior con- tinued to be bought on the report that a new vein had been uncovered level st | S o 1% L. A0 11 New Dowinion Cop Nevada Nipissing . Ohio Copper Penna Mine Ply Lead Ophir M Walker Wenden € PRICES FOR CORN | dermining i | Farmers Start Move to Hold I Supply for $1 Per Bushel. Wheat and Qats Drop. inea. . Inc. i 114 40 BT 15 40 a1 1% EAKING Associuted Press, {ICAGO, March 1.—Record-break [ine high prices have resulted in the corn market this week from reports that farmers were spreading an or- nized movement to hold corn back for a dollar a by iband, wheat and oats week ago, corn this morning red with a tions advance, w ats, arying fr 2l down; ions guin % to ushel. sho ith whi % o om On wed eat, the k] decline Corn Recelpts Lighter. ¥armers in 1 Minnesota i artici an approach of al. Tow: reported as vement from rural rent pr country roads a tailing receipts. arm deliv in lowa, 1 inois, appeared 1 in the mov withhold corn and the dollar-a-bushel pating Ty bre. appe red farmers espec wiving adher coun dissatisfactipn the o) dn o to 11y to the | with king u It was cries W ere o be also likely a Say other | declined. Com- uota- to to % nd provis- to 10 be aw were Aside h cur- up of ur- said to t about this time until after plant and that on had i After the d for th previou hithe « reaction s portant holders contracts & ness to realiz rather than str more or e of arrtval t other prima pparent, and iinois, Towa h, than a yvear ag Absence of ¢ tonded to Oats 1 trad, W but dom. bove the n n of feciing of reded s to number Traders Take P 't in. however. future dellvery evidence of & willin; immediat S possible big ve for To of ry bulls 0. op scare estic - iad hogs th ast year's tot nd weight. ason Some im- deferred Some orn here and centers w. wera iven a jolt.by an_ecstimate that Il- and Nebraska 40,000,000 bushels more corn | developments | weaken the wheat market awged with wheat. rd reflected falling fifl‘ in export cal s also likewise together for meats sonal average. ' HOPE TO FIND OIL IN ARCTIC neelonsj IN SPITE OF PROBE | Roth and Stefansson Would Lease 5,000,000 Acres of Land for Development. Special Dispatch to The Star. I'ness conditions. INDEPENDENCE, Kan., March 1.— Special Dispatch to The Star. NEW YORK, March 1.—The finan- cial situation at large has changed very little during the last week, but there has been a revision of ide and this revision has resulted in a sounder conception of the outlook. During the greater part of January Wall street was letting itself get altogether too enthusiastic ovér busi- It was talking with | too much’ assurance about the presi- | dentlal campaign. It was giving an ear to inflation talk based upon the high ratio of bank reserves and the continued flow of gold into the coun- The consequence was that the stock exchange campaign was carried too A reaction was sure to come, and it occurred two weeks ago, when certain speculators made up their | minds that the public would or could | be seared over the ofl scandals being | -xposcd before the Senate committec. ‘licther or not these operators were | ¥ with their paper | erial. The maln point they have been proved guite in thefr statement that the Washington investigutions were un jdence in the stock | rket, even though causing nervou and caution. Market Largely Professtonal. Having had the necessary setback, the market has settled down into a | serles of narrow price swings, domi- nated by the professional element, nd with outside participation small. | This is not to the liking of the Wall | street following, but it is much more in accord with the outside facts. Dur- ing the last week or &0 a large num- ber of corporations have been report- | ing for 1923, and some of the results | have been quite out of lne with! the expressions of indiscriminate op- | timism which were the fashion at the | start of the new vear. Aong wit this two of the leading copper com- | pa passed their dividends, (w of the big rubber and tire producers | came out with pretty poor statement nd the January way fignres, showing fn many Instances a heavy hrinkage from last year, were dis- inctly disappointin 8 All this has had a subduing effect upon tment. It has taken the [ keen edge off the speculative spirit of a month ago. But it has not led Ito any such revulsion of feeling as | oceurred in April, 1923, for the plain | {reason that this year there has been no overbuying In industrial lines, no | exeited price advance and no serious : 1 either in securities get | Decline of Cotton Notable. i | 'fhe notable episodes of the past k outside the stock exchange were | winter. the rise to new high leve! corn and the failu »f French francs to rally under w would ordinartly | appear to be highly favorable devel- { opments | The cotton position is still rather | obseure. After a drop as violent as | that of the last wonth the stage must be near, if it has not sen actually | reached, where makers of cotton goods will find it worth while start up again. On the other hand, it is still true that print cloths and other lines of cotton gonds relatively lower than the raw s The question which the market of immediate future has to answer is whether the cotton mills are willing ! to operate on a reduced profit margin, n years suceession of thre. billion-bushel corn crops would have O SHARESGAIN i Decrease in Output for Week Causes Rise—Other Shares Irregular. more than temporarily help the franc. i ever ed for by a larger postponemen | up farmer would have to sell at & loss. Now a harvest of such dimensions is casily absorbed. and it ix doubtful whether on account of the increase in the direct demand or in the indirect demand, represented by corn-fed ani- mals, world requirements have not ripped supplie: - French Situntlon Still Critlenl Adoption by the French chamber ¢ deputies of the new fiscal program, which includes the 20 per cent tax in- crease and a retrenchment in recon- struction expenditures, has falled to ither has the statement by the *rench president that there would he no more fresh borrowing, that what- defieit remained in the ex- traordinary budget would be provid. t o in the devastated regions. Equally Ineffective along the same line have been the favorable fore casts regarding the Dawes commit- tee Teport. Oue expianation for the unrespon- siveness of the franc lies in the con- iderable degree of inflation which has crept into the French financ structure, partly through the piling of internal loans and partly through the rapid expansion during the last two months in paper note! issues. The second explanatign is | thit there has been a loxs of confi- dence among the holders of the franc, | because the situation during the last | ar been so persistently misrep- ented to them. Wall Street Accepts Compromise. Wall street is disposed to accept | the compromise program as the ( that could be expected under circumstanc The Mellon pro- £ 5 per cent maximum surtax would have made it worth while for people of largs incomes to shift over from tax-exempt to tax- able securities. A 373 per cent| miximum would not, It would, how- ver, encourage capital now in hiding | to go into business undertakings., which return more than the better class of securities return. Then, be- | sides, there is the likelihood that the 47l per cent surtax will be shaved down after the Senate has acted and the new revenue bill goes into the con- erence committee. (Copsright, project Banking Trust & Mortgage Co. | We want good First and Second | Trusts In Washington and VicCinity— Reasonable Terms—Prompt Investiga- tions. Call or write. Banking Trust & Mortgage Co.| Rooms 20-21 1410 G St. NW. Phone Frankliin 5794 First Mortgage Loans| Lowest Rates of Interest and Commisslon. Prompt Action Th J. Fish | omas Fis ‘esr;.fi’&?mpr.n{v. Inc. | “NEVER” —a loss to a client of as much [ff | as a single penny in either principal or interest isarecord we prize most highly. Our past careful an servitive methods that established {or us this enviable record undoubtedly will ruide ue in the future Notes of $250 up Bearing 7(’,‘ c Now On Hand Chas. D. Sager 924 Fourteenth Street N.W. Loan Dept., Main i oney to Loan Prevalling interest and commission. 420 Wash, L. & Trust Joseph I. Weller 320 Wesh. L. & T EQUITABLE Co-Operative Building real estate. ! Net uapatd o Net unpaid claims Reserve Reinsurance Amer, Capital stock .. All other liabilli Total Mabilitien ................ 85241 Character of businéss” transacted “during ¢ year 1925—Health, accident and life insur- ance. Lowses’ sustained during the year Monev recelved during the Expénded ‘during " tie, year s. INO. T. TAYLOR, Seeretary sworn to before me this 485,43 President. 8. BAN (My commission expires Sept. 16, 19: Wi Ric 1818 Tth Life, E shington office: mond Heneficial Bullding, Eudow STATEMENT ::}r' THE CONDITION the LONDON AND LANCASHIRE INDEMNITY CO. OF AMERICA. OF NEW YORK, On the 8lst duy of December, 1927, a quired under the District of Columbia smended June 30, 190 Capital stock . Capital stock, p Cash in office ash in bank L0000 Stocks and bonds (mark Premiume uncollected Tands of agents Intercst due and & All other assets vali and Total assets . . 625,681.17 3 LIABILITIES Net unpaid clatme 5 Reserve as required by Taw Salarien, rents, expesses. Commisalons, brokerage, ete..... Capital atock : : ALl other labititie $1,383.111.99 765.708.11 taxes, Total Habtifties . - $3.020.360.39 Character of business trapsacte during the J. URMSON, At Recre: Subscribed and sworn to before me this proary. 1924 HANNAH_RADDING. Notary Public. My commission expires Feb. 1, 1928.) STATEMENT OF THB CONDITION of_tie PENNSYLVANIA INDEMNITY EXCHANGE OF PHILADELPHIA, PA.. 0n the Bist dav of December, 1923, as re- quired under the District of Columbia Code, amended Juge 30, 1 od August 18, 1911 P ‘ash in bank s (market minms unes Lands of agents ... Tnterest due und secried | i I Total mssets $1.182.723.91 BE et Resorve as required by Taw ... . Commissions due attorney in fa. AL other liabilities— Resorve for taxes ... us over all Habilit $199.085.04 25,053 48 1T.ASLE 211.000.00 401.074.08 abilities Ty r of business tran<acted duri —Insuranes on motor vehicl < sustained during the year received JOANUN A SL Subseribed ONS, Socretary, sworn o befors me this 24 3. Notary Public. Jap. 2, 18 Invest $10.00 Per Month For Ten Months And You'll Own The Best First Mortgage Security That ..$223,783.33 B b First Mortgages $250 and Up Write or Call for “Booklet.” William S. Phillips I5TH ST. AT K N.W. Main 4600. Money to Loan On Second Mortgages in large and small amounts. Thomas D. Robertson Main 1640 205 Continental Trust Bldg. | In Convenient For Investors Interest 6% Denominations After due examination C. O. Todd —has been weighed in the balance. found worthy and has been assigned a place on my staff and will serve in the fapacity of consulting engincer. C. P. BARRETT REALTOR 1502 K Street Muin 9016 Main 8017 MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST 1207 Carncolicut (oenue Can Be Bought—- Association Organized 1879 44th YEAR COMPLETED Assets $4,755,170,52 . Surplus ,245,320.98 Accomplishes Most Systematic saving is the with best results = Subscription for the 86th Issue of Stock Being Received * Shares, $2.50 Per Monty Cegotiations are now in progress for ia lease to 5,000,000 acres of Arctic land which may contain oil, south- west of Herschel Isinad, by Charles 2. Roth, local oil man, and Vilhjal- mar Stefansson, explorer. —Stefansson is expected to go north shortly to conclude arrangements, and drilling equipment will be shipped north in July. 5 E—— EGGS TWO CENTS LOWER. in Baltimore Declined Further Yesterday. $low mmel rel value stands back ©of the stock you are asked to buy? Are you sure that the nice, honest- Jook stranger is telling you the t Ask vour banker to look into claims. VEEK FINDS BUTTER AT LOWER LEVELS Rteo Motors Rosenb SERVICE and SAFETY National Mortgage & Investment Corporation 811 Vermont Avenue N.W. Deals in the Best Real Estate Securities First and Second Trust Notes and Ware- Besides, We Pay Interest On Each Payment At the Rate of 61/2 fllld 7°/o Per Annum. B the Associated Press. NEW YORK, March 1.—Consider: ble Irregularity developed in this| week's stock market due to the ex- tensive readjustment of speculative accounts. Trading was rather re- stricted in character. this being at- tributed to the fact that several large traders, wintering in Florida, had temporarily switched their activities | from the stock to the cotton market. | Steel shares held relatively firm on reports that February bookings were running as high as those of January s ift Int ....0s Un_Baker 8<'p 1S Lt & Hent. U S Dist new ... Ward Bkg Co A wi Ward Bkg Co B wi Ward kg Co pfd War Hat Mfg wi. Wasne Coal . Yel Tax Corp N ¥ M Alamo Gold Mine. Am Exploration .. - Ariz_Globe Copper Bl sk (iold Min 3 Canario Copper Candelnria Min ... Cons Cop Min new Cortez. Silver . what he Mireak Due to Accumulation of Sup- Prices plies—Imports Keep Values Down. By the Assciated Pross CHICAGO, March 1 cupplies the butter markets became en er and worked to lower price levels during the week ending March 1. With but few exceptions oper- tors lacked confidence. Buyers, in nticipation of further possible de- tnes, purchased very close to re- julrements. From the standpoint of he retailer demand was satisfactory. Viewed from the statistical side, the markets were in a much less favor- Aable position than for some time. The ‘wccumulation of trading stocks mounted nearly 15.000 tubs, despite efforts made to keep floors clear. Y A contributing cause to the weak- ifl!! ‘was the marked improvement in uality. A smaller proportion of the grrivals showed wintry defects, re- gulting In a corresponding increase 3n_the proportion of fine butter. 4 Imports continued to wield the bal- ance of power in the markets. With out them the markets would un doubtedly have been short of butter. Actual arrivals amounted to 12,500 boxes of New England butter at Bos- ton, 3,415 boxes of Argentine, 1,600 casks of ish, 42 casks Swedish, 405 casks Siberian and 150 casks of \ iHolland butter, at New York, During Febfuary importations at { Now. York totaled 4.896,320 pounds, including 3.451,184 Danish, 692,553 ).\rgenunn. 558,000 New Zealand, 70.- 000 Swedish, 5,584 Slberian and smaller quantities of Holland, Assy- rian and Italian butters. CHANDLER'S EARNINGS. NEW_ YORK, March 1.—Chandler Wotor Car Company in 1923, on ship- uents of 17,000 cars, earned its $6 | ‘dividend, with a balance of $1.34 a I share. hat the company during the year on an increase of 71 per cent in the number of cars shipped gained only 20 per cent in net profits is a di- rect reflection of the increased cost of conducting the automobile manufac- turing business, due to more severe competitive conditions, cost of radical changes in models, etc., says the Wall | Street Journal. To some extent these conditions are considered abnormal wnd not likely to recur in the current Jyear. nder heavier \ | Dism_ Dlack Butte Ely Cons Fortuua Mines ... Goldfield “Fackpot. . Hardshell Min Hawth Ind Howe Sound ..... Independence Lead. Jib Cons .. Kelly Fxt Mines Lone Star Miznah E COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY BLACKSHEAR, Ga., March 1.—Lo- cal interests have begun construction of the third largest tobacco ware- house In south Georgla. The bright leaf acreage in this section will be double that of last year. { DETROIT, March 1.—The state ag- ricultural department has issued a warning concerning recurrence of the foot-and-mouth disease and imported hay and Straw is being destroyed. GRAND RAPIDS, Mich., March 1.— Wholesale milk prices were reduced from $2.87 to $2.60 per 100 pounds to- day, but the retail price will remain at 12 cents a quart, a§ the quotations at retail were reduced a month ago. JOPLIN March 1.—Zinc ore prices, which have been stationary for some time, have now advanced $1 a ton to a $45 basls. This advance ended a deadlock between mine oper- ators and buyers. Lead ore now is on a $122.50 a ton basis, or $150 above the previous high mark. NEW ORLEANS, March 1.—During January, the mills of the Southern Pine Association cut 394,000,000 feet and shipped 434,000,000. Stocks on January 31 totaled 962,000,000, compared with 1,000,000,000 feet Janu- ary_ 1, and 1,075,000,000 on January 31, 1923. KANSAS CITY, March 1.—Packers are complaining that there is an un- usually light demand for meat of all grades and trade In meat animals has been slow_and discouraging lnl consequence. Sales of stockers and feeders, however, have been the best for some time, With prices on thin cattle advancing slightly. BALTIMORE, March 1.—The whole- sale price of eggs dropped again in| The placing of Sloss-Sheffield com- mon on a $6 annual dividend basis | Mathiesen Alk pt.. the Baltimore market yesterday. decrease of 2 cents a dozen was re-| A ported, bringing the price for fresh Decreases since Tuesday have totaled 9 cents. Several weeks ago, when eggs were selling as high as 38 ocents, stock down to dealers predicted 25 conts. local they would drop as low as 25 cents before the middle ot March. A decrease of 20 cents a dozen before the latter part of the month was fore cast. . DIVIDENDS. Company. Anglo-Am_ Corpn. .. Boston Elev Ry.. Pr. Rate 10% abt. Q §1.50 Elev Ry 24 pf.8-A '3.50 icago Nipple A.. Q Chicago Nipple A..Ex | Detroit Edison..... @ G Ltd.Mth Igh Val Conl Sales, Mathiesen Alkuli pt Oklahoma G & E pt Port Ry L & P pf. Port Ry L&P pr pf. 8 0 of Kentucky. South Col Pow pf. Tonopah Exten Min, United Dyewood United Dyewood pf. United Dyewood pf. United Dyewood f. United Dyewood pi U. S. Radiator pf. Wis P Ex 1 a5 25 2.00 i Q 200 Q 137 %% 13 1 1 1 §£gq CLLRLORROCRCO! B SEE able. Mch. Apr. Apr. Apr. Apr. Apr. Meh. Apr. Apr. Apr. Meh. Apr. Apr. 30 1 Stock of record. Mch. 13 Mch. 17 Meh. 17 Mch. 16 Meh. 15 Men. Mch. 6 Meh. 16 Mch. 20 Mch. 20 | Feb. 29 Meh. & Mch. Mch. Feb. 29 Meh. 11 Meh. 14 Meh, 14 June 13 Sept. 13 Dec. 15 BOSTON STOCK MARKET. BOSTON, March 1.—Following is a list of today's highest, lowest and clos- ing prices for the most active stocks dealt in here Am Tel & Tel. Amoskeag Boston & Alhany oston-Elevated . Calu & Hecia Connor, J T. Island Creek Isle Royale Mexican Tnve NYNH 014 _Colony Quiney . St Mary' Swift & Co... Swift Tnternat U S Smelt. 7 8 Kmelt pfd. 9 5 EFREISEN8S &R 20} 9 | to & new high record on reports of its also influenced buying of those stocks. Coppers Bix Feature. Omission of the regular dividend on Anaconda and Inspiration, closely following similar action by directors | of Calumet and Hecla, brought about | extensive selling of the copper shares, but partial recovery took place later | on the declaration of the regular divi- dend on Kennecott and reports of higher prices for the red metal in London and New York. Oil_shares, which have been ad- versely affected by the Washington oil inquiry disclosures and reports of the proposed introduction of a measure in Congress looking toward | Bovernment control of production and prices, develpped moderate strength on reports of further decreases in | crude oll production and imports, Specialtien Freely Sold, Several speclalties, such as Coca | Cola and the Central Leather issues, ! were freely sold on publication of (poor 1923 earnings statements. | Strength of Norfolk and Western, which was bid up more than 10 points i possible acquisition by the Pennsyl- i vania railroad and prospects for an- other extra dividend this spring, was one of the features in rallroad shares. | Several of the northwestern carriers were depressed as a result of the large decrease In January earnings as compared with those of the same month last year. * i —_—— CRABS ON MARKET. Reach Baltimore at Earliest Date Ever Enown. Special Dispatch to The Star. . BALTIMORE, March 1.—Hardshell crabs arrived on the market yeste: day, which is the earliest date crabs have ever been received here, accord- ing to dealers on the fish wharf. They were brought from the lower Chesa- peake bay by oystermen, who dredged them up with the oysters. They are of medium size, meaty, and are bring- ing 75 cents to $1 a dozen, with pros- pects of going higher if a demand is created. Shad also are heading toward the Chesapeake and are being picked up every day by fishermen, but the bulk of receipts on the local market are still coming from the Carolinas, R EQUITABLE BUILDING - 915F St. N.W. JOHN JOY EDSON, Prestleng Incorporated 713 and 715 14th St. NW. Main 2345 FRANK P. REESIDE, Sevy, Shannon & Luchs Quer a Quarter . ofa Century Without F. Main 2100 : INCOME WITHOUT WORRY You can do this by investing vour funds in our 79, FIRST MORTGAGES. For thirty-one years they have stood every test—without worry or loss to any investor. For tion—invest in our safety—yield—satisfac- 7% FIRST MORTGAGES SAUL CO. 1412 Eye St. N.W. house Receipts are purchased at fair rates Its 7% First-Mortgage Notes, SECURED by Improved District of Columbia Real Estate, Are a GOOD INVESTMENT. Offered in denominations from $250.00 UP. Build An Income With Qur 6% % First Mortgage Notes ANY of our clients put aside $100 every time their savings amount to that much, and their interest starts immediately. The real way to build a fortune or income is to in- vest as fast as you save. Our First Mortgage Notes are in denomina- tions of $100 and upward. And they have endured fifty-four years of national and international change and upheaval without loss to an investor. Swartzell, Rheem & Hensey Co 727 15th Street N.W. 54 Years Without Loss to an Investor