Evening Star Newspaper, May 21, 1924, Page 29

FINANCTAL. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. Speeial Dispatch to Tho Star, NEW YORK, May 21.—Oil shates were selected as leaders of the re- onvery which set in in the curh mar- kot. today. The street took the Mction of the Humble Oil Company“in restoring its former price schedule to mean that cuts in crude il at this time by only two of the midcontinent com- ranies were unjustificd, and were Tot Tcely o e Followed by ovime cading ovmpanies, Prairie Oil and Gas crossed 220 for a gain of more than five points. standard of Kentucky was bid up four roints on heavy buying. Ohio Oil, selling ex-dividend cents prac- ticadly made up the amount which capat off the price on the first sale. igh-priced issues like Standard of e seven points prominent members of Ohio and Nebraska and the more two points. Buying of Red Bank oil followed reports that the company had brought in a well in Kansas flowing 00 barrels daily. Important develop- ment work now under way at Lake Pakowski in Alberta. aecounted for the renewed interest in Royal Cuna- dian. The new National Tea sha ad at 151 and chanced han vancing prices later. The old stock reached A new high record when it sold at 180, Advances of 4 half hoint were com- mon throughout tne industrial tion. Dutilier and Hudson Company preferred w pecially strong open- toad- —— NEW TORK. May 21.—Following s #n official list of bonds wund stocks (raded in on the New York Curb 1 the group recovercd a half point to | THE EVENING STAR, WASHINGTON, Southern California Edison Com: _pany received, on June 7, 1923, “the groatest contribution to the devslopment of _eleatric light and power for the con- venience of the public and the benefit of the industry for the year 1022, For detailed information concern- his most comprehensive elec- tric light and power system send for circular W-477, We recommend for Investment Southern California Edison Company % Cumulative Preferred Stock Price on Application FIRST MORTGAGES FOR SALE THE TYPE OF SECURITY CONSERVATIVE IN- VESTORS BUY IN DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. “WHEN" buymg our FIRST MORTGAGE 7% INVESTMENTS are assured due precaution heen taken to safeguard your D. C. WEDNESDAY, FOR LEASE 730 17th Street _3rd door from H St.—diagonally across From new Transportation huiiding. Moore & Hill (Inc.) 730 17th St. MAY 2f, 1924 First Mortgage Loans Lowest Rates of Interest and Commission. | Prompt Action Thomas J. Fisher & Company, Inc. | 738 15th Street & Your Own Interests—— demand that your sav- ings be placed where they will earn the maxi- mum «consistent with absolute safety. These conditions are ideally fulfilled in our 7 SELECTED F IRST MORTGAGES Conservative investors seeling liberal income re- turns plus safety of principal “fior amounts in multiples of $250 can place their funds profitably and conveniently through our mortgage department in sound first mort- gages on select Washington properties. The officers of this company, without obligation, will gladly confer with any prospective investor and dis- cuss loans on specific dwellings, apartment or business propcrnes If so instructed, they will place the imrvestor’s funds in first mortgages on the same agent basis that the com- any is constantly serving its regular client-investors— individuals, attorneys for estates, banks, corporations trustees and enardians. H. L. RUST COMPANY Loun Correspondent of the Prudential Insurance Company of America | E. H. Rollins & Sons | Founded 2"Am Cot oil s . f " || 416 Woodward Bldg., Washington W Am Gan & Klee & fillil . i Nk e | i FACREC Eny interest. A personal inspection and conservative nation are two of our uirements. 'rompt an srvice fol- low the purchase of our securities. Notes now on hand in amounts of $100 up. Send for Booklet CHAS. D. SAGER Loun D e 912 lolh Slreet Mum ()888 fakes g BONDS. i - Money to Loan Socured by first deed of frust on real estate. et Ll (resl ol Joseph L. Weller g Wesb. 1 :"";;‘ ™ Mortgages Money to Loan | a7 250 and Up 024 14th N W | William S. Phillips " oS, K AW, Main 1600 Close. 1004, Boston. 3 Am Roll Mills 6x. Chicago, Denver. san Francisco 1 Abcio Am First Mortgage I[nvestments $100—$500—$1,000 m S AR Ca HALSEY, STUART & CO. Secured by first deed of trust on District of Co lumbia real estate. Prevail- ing rates interest and commission THE McLEAN CO. 1518 K St. NW. Franklin 112 St ANNOUNCE THAT THEIR Washington Representative £ Hialie % Con P & n\nmy X % Owdaby 1 Deere & & Detroit Duq I, Pit 3198 B wi Fed Sugar Gs is now located at 823 ALBEE BUILDING 15th & “G” St.,, N. W. Phone Main 5959 1010 1002, Mortgage Notes— iy Snnecort Fopper 7 Lehigh V H ]mw- Continental Trust Company Capital One Million Dollars 4th & LT EQUITABLE Co-Operative Building Association Organized INT9 44th YEAR COMPLET] Asnets 24,755, Surplux $1.245.320. Save Systematically (u‘h Secured by Improved Real Estate In Washington Worth Double The Amount 0f The Loan— Interest Rates Today 63 to 7¢, Denominations of $100 to $5,000— Partial Payments Received H Streets jo Power on B Fenn Power & Lt real property ultimate security reach 3 Haz « K Hlesden Che Co pfd Cont ' Rubbe its worth? In assured intrinsic In the Nation's Capital, where the steady orind of U. S. Government work precludes serious business de & Webster Mill and stabilizes ground ' FOREIGN BONDS 1 King of Neth fs ' 11 Rep of Pern 2 Ruaxizn INCOME RETURN pression values! with us in @ systematie and you'll soon have a <um —never outweights safety of Denominations as low as $100 WA MAN Construction Company LNC. Main 35350 Over a Subseription for the " 86th Issue of Stock Being Received N B Oak Gold Mines s | e e Shares, $2.50 Per Month SHANNON s o 2 EQUITABLE BUILDING 915 F ST. N.W. 713 and \7[15 ;4:]\ St. N.W. JONA JOY EDSON. Presideat FRANK P. Rl DE. Sec'y. Sales principal in the mind of the in nnits 10 Borne Servmeer 800 Chese WPz nw wi 40 Comberland P 1 & Bef ow PL STANDARD OlL ISSUE Mortgage Investment Dept. Quarter conservative investor. 10 Alaska Brit-Colo LUCH of a We consideration are governed by this Century in the loan~ M ithout which we make. 10 Gre G Hardshell Mining 1 Howe Sound a Loss Lead Fisch 3600 Vacuum Oil pew Beies in 1NDEPENDENT OIL STOCKS, ed B. F. SAUL CO. 1412 Eye St. N.W. pearhend ‘eck Hughe Tonpuh M “Tonopuh 2 U 8 Conti 2100 Main Facts for Investors The Fourteenth Annual Report of Cities Service Company for 1923, just issued, shows a substantial increase of $38,752,000 in property values, which now amount to more than $417,000,000. Net earnings for 1923 were $16,602,562, as com- pared to $14,658,971 for 1922. The security-holders of the Cities Service organi- zation increased from 100,000 in 1922 to 150,000 at the close of 1923. Here are some outstanding production figures | of the Company for 1923: 40,491,000,000 cubic % feet of natural gas; 11,286,000 barrels of oil; 6,908,000,000 cubic feet of artificial gas and 993,913,000 kilowatt hours of electric energy. This latest Annual Report also shows that Cities Service Company has earned, net, $136,700,000 in the last 13 years. This was more than 34 times the amount required to pay Preferred stock dividends, which totaled $39,000,000 during this period. Net earnings are at present more than three times as much as Preferrad dividend requirements. 13 Wend 30 West Utah SHORT TERM SECURITIES. (Quotations furnished by Redmond & Co.) S Washington Stock Exchange. SALES. Washington Gas 2%, orgae Bond & uaranty Corporation Washington, D. C. (Incorporated Under the Laws of Virginia) oon, | ofter. | | Alumin Aiuminam American Nationul M At 81y, 300 Al R At s Washington Rwy PrA. 100 at 81y Dt Stz W Ar N, & Fiec. pfd. 10 at 10 at 10 at 721, 2 & 10 ar Money—Call loans, 5 and & per cent BONDS. Bid and Asked Prices. Bid. Asked. 'h / PUBLIC UTILITY. American Tel. & Teign. 4s i American Tel & Teiga. Alun. Am, Tel. & Tel. etl. tr. 58,0, Am. Tel. & Tel. con Anacostia & Potom: Auarostia, & Potom: & P._Telephone . & . Telephone of Vi Capital Traction Leoreetown Gas 1st Metropolityn R. R Cumulative Preferred Stock, Cman Stock, par value $10.00. . 2.500000 An Institation Is as Strong as Its MANAGEMENT HARRY A. KITE, Premident W. 0. PEIRSON Prosident, Barrs A. Kike. Inc.. Build- Vics Premident, ers and_Heal Estate Opera " more. Md. = : Director, National Mortgage S0 tnvest Ve President. Un'on Permanent Buiid meat Corporation. ing Association. Raltimore Treasurer, Sun Morigage (ompany, APPLETON P. CLARK, JR. Viee President Architect Washington Hotel Compans. Equitable Life Insurance Com- Potomac, Elec. nair Potomac Tnion Trust Co. Union Tunk Car Ral 5. Rubler sh.. Alex h.. Balt shington <hingzton Wash Riws. & Elec MISCELLAN D, c. Faper Ml O i ealty o Riggs (short al Mortgage and Invest jon. Compans. Guaranty President. anty Director. GEORGE Luomber Dealer President. National Mortgage and In E. WALKER U.S. TREASUBY CEB?l'E’ICATES (Quotations furnished by Redmond & Co.) Noon. Ofter. National Morigage 404 la- Testment tion. Director. Citiaeas Saviags Bank HUGH A. THRIFT, Viee Secrevary-Treasurer, Thrift Company. Rea Estate Operator. W. J. WALLER, Treasurer. Vice Presigent. Ask for Preferred stock circular P-1 and illustra- e . seeretars Kletidescnbs e pany. v, Wash Rranch, Redmond shinglon G2 ted booklet duscnbmg/ Cities Service Company. Mapager. Sachingion m‘_:"':""" o e e : v C. S. TAYLOR BURKE Yo President. rke & Herbert, Haokers, Alexandri Director. ment Ce JAMES H. PRESTON Formerly Mayor of Baltimore. v President lllfl l(fllfllfl Bank. Baltimore, ipas] Morigage and Tavest- “orporation. 4. S. GRUVER Send for this Report and appraise for yourself the unusual margin of safety protecting Cities Service Preferred stock, which is now yielding 8%. Prenident Building Americap National Wrn. et Co Witdman Tark Hotel &5 STOCKS. PUBLIC UTILITY. . WEST ww. Rudolph & West. Fardware President Pedersl American Na- and_Ruflders’ Viee Presiden Treasaror, Ni vestment ¢ Sappltes Savings Rank. onal” Mortgage and. Tn poration. CLARENCE F. DONOHOE John F. Dunohoe Sons. Real Fatate, In wrance afd Investments. Director. National Capital Bank Chalrman. Appraisal Committee, District Roa s . a Tovest Terminal Taxi com.. | ondi Mortgese ao ATIONAL BANK. XCHANGE, (Quotations furnished by W. H. Jiibba & Co.) Nom Real F: Director, National Mortgage and Invest | Selling -hecks 1 ment Corporation. Caivert Direetor, District Title Insuranes Com pany. BRANCHES IN \‘A//nmcum. CImEs Thomas W. Brahany & Company Washington Correspondents Wilkins Building, Washington, D. C. FRAVK J. HIGHES President. Hughek & Company. Investment: Presigeat. Thrift Bufiding Company P ai, Manager. National Mort- Real Estate Operator and Losos. gsge and Investment Corporation. The Mortgage Bond & Guaranty Corporation has been organized for the purpose of dealing exclusively in first mortgages secured by improved income-producing properties. It proposes pledging these first mortgages with a responsible bank or trust company, which will act as trustee, and issuing guaranteed first mortgage certificates dgainst them. This provides a constant turn-over of the Corpor- o Aswadi p 3 1 { ] 2 v ation’s funds which will be extremely profitable. as cndmc by the B’\!;:vc'";;;::\'“:;:‘v 21.—Foreign V. b . fpficrrnn records of similar well managed companies. f | changes irregular. Q L It is recognized that first mortgages which are tamull\ se- United States lected by real estate experts are absolutely safe: therefore the stock of the Mortgige Bond & Guaranty Corporation is safe, and offers ipation in the profits of the company. n of the stock of the Mortgage Bond & (;narlntv Cor- porltmn is being offered at the same price paid by the officers and directors. Incor. ~0296 000018 SAVINGS BAN ree and Savings. Great Britain, ©Comme! aington. - ables, 4.36: sixty-duy B et b 4 - osFrance, de- Quotations 3 214 . .1690. Switzerland, .1771. N Spain, .1383. Greece, .0198. Po .00000012. . Czechoslovakia, .0295%. Jugoslavia, .0123%. Austria. .00001414. Rumania, .0049. Argentina, .3287. Bra- o 2il, .1090." Tokio, 40%. Montreal, .98%. S [ RN Teal Estate Titl iy = - i I | Offered by— HUGHES & COMPANY IN\‘IB‘TME‘NTS Telephones Main ’ NEW YORK DRY GOODS. NEW YORK, May 21 (Special).— The raw silk market reacted to con- tinued !lehl demand today, prices receding 5 cents on nnmucallv all grades. The cotton goods market ugain were quiet, with few price variations noted. 'Print r-louu were siaady at s} cents for 64 by.66 and 10% unn for 68 by Ta 3 1418 Eye St. N.W.