Evening Star Newspaper, October 2, 1924, Page 27

FINANCIA DENAND FORMEAT 1S MUCH BETTER Cooler Weather Helps Local| Market—Prices Lower on | Sweet Potatoes. | i for meats. n greatest d though mar d very little | ew days. Beef thi ed at 15a16; mm\.\ | akening in | the pri this week. hams, 188 a'show of we althoush cent ns were quoted at 28ad( houlders at Vegetable ket report on fruits (compiled by thel ureau of Agri- Fruit and Review. West Vir, Grimes, 1 whigher; mand wnd vari- rts Buy. always buy intial loan ethods of stock bank ter. i CIGAR, EAR NINGS GAIN YORK cated tores | 18 r cent Ap-| for | able 1 ' cash and o per cent in s POTASH PACT REACHED. NEW Y¢ r 2.—The three. | E z ench and | tended to | per IRK, Get ety L intere the ust Company of . price i fixed of 80 per ce i — 1 SHORT- TLRM SECURITIES. furuished by Redmond & Co.) Noon.—, orer | 108 (Quotat Bid of Amer. 7s 19 | Swift & Co. idewater O TREASURY CERTIFICATES. (Quotations furnished by Kedmond & Co.) Maturity— Ofter. 435 Murch 15 By 6| has _ DIVIDENDS. e S gz 18 Stock of record. Oct 15 Oct 13 Oct 31 Oct 13 Oct 18 Oct 1 Oct 10 ance Realty.... llied Chem & 1)... Oct 30 Oct Oct oct cckoree Hurley Mach... ... Moon Motors. .. ‘ub Serv Nor Til (oo pary... (8100 par) .. © pid.. R ok oct Kep 30 | Sep oct 9 pory Y { crossed in. c | Riges % | Rizes Oct 15 Dec 15 THE EVENING NEW YORK CURB MARKET Received by Private Wire Direct to The, Star Office BY WILLIAM N. HEFFERNAN. NEW YORK, October 2.—Renewed operations for the rise in radio shares and sharp upbidding of a few select- ed oils were the chief incidents in to- day's curb market dealings. Those working for the in_other a tions not meet with the same success which accompanied their ef- ferts in 7 umed leadership of gained more than 2 large turnover when it The upturn encouraged in others of t group, notably in Rova, which sold above 15 Dubilicr was well, ysupported and reached a = higliZon the move— above g > ETOUD on and poin a NEW YORK, October 2—Follow ing is an official list of bonds and stocks traded in on the New York Curb Market today: Suies in BONDS, Tigh Alied Pa Alum Ts Am Gus & El By wi am 1 6 Am Low & Lt 6w old A e Aspialt s eral Vet s o1 Com FOREIGN 10! 34 1 1015 L1 0 Gl Sig 0l p Ol of Can % in INDEPENDENT OIL STOC) idreds 1 kit Am 0l 1 Lirit-Col 011 Fieids Washlngton Stock Exchange SALES, S5—$1,000 at 90l o Co— 10 at 03 Lighi—10 at 50%, 10 at Catn Fire Insurance Co.—5 Cational Mtee. and Incest. pfd—0 at 9, 0wt 9, 50 at B, G0 8L 8, 50 at 8. AFTER CALL. —$300 at 102, $1,000 | 10 at 300, 500 at 99, ud 6 per cent. Bank ans, BONDS. Bid and Asked Prices. PUBLIG UTILITY. G Trac Money—Cal Racostin & Potomac Hacoxtia & Potomac gua [ Caplial Tracti GRS Suburban 2 Geargetown: Gan 15t 5 Metropo Cons. deb. 6 6 19 Alex. & Mt. V Alex. & Mt Ver. ctf. Bait, & Auapolis. Wash! Paper Mfg. 6s.. Mty s (long) Realty Oa_(short) n Bldg. . South Mkt. Cold » Wash Wardiman Park Hotel | STOCKS PUBLIC UTILITY American_Tel. o& Telga. Capital Traction. Washington Gas . orfolk & Wash Wash, Rwy. & Elec. Wash Bwy. & Terminal Taxi com. NATIONAL BANK. ational Capital. mbia . 3% | vi Eureka Pipe Line, which lost 16 points Wednesday following the cut- ting in two of the $2 quarterly divi- dend, rallied from the low of 75, but recovery was slight. Imperial Ol of | Canada gained a point despite the an- | nouncement that tho Canadian com- panies had followed tifp action of eastern refiners in reducing gasoline quotations 2 cents a gallon. Tae heavy demand for Vacuum Oil kept on re- | sulting in a further gain of 2 points. | Profit-taking sales appeared to have |been completed in Red Bank Oil and rations for the rise were renewed. The public utilities moved in a more orderly manner, and there was not > sharp upbidding that had char- woterized the movement of this sToup recently. | 1 Kirby Pet .. §Lago per L ) Latin Amer Ol Mex Panuco .. 13 Mount M Brad_ Ol .. ok Fuel Uil Pennock 0il Red Bunk i ...0 Royal Can 0 & & it Creck Cons Creek Prod Wilcox 01 & G 2 Woodiey Det... IND Cotton Fab pfd Gas & Ei new Lt & Tract.. P &Lt new wi Lt pfd. Am Am Am An Am Am Fin Atlantic 96 D4 6 : hiritAm Brew W Bur Add Mach new 1 Much n pf trif Tron Pipe trif Pipe Corpn ¢ Nip A....o- Contin Cuba Con Gas Halt nw wi L& W Conl Doeh” Die Cast € Dabilier ¢ & Radio Dunbill Intl In Durant Mot ... Du Pont Motors. uz o A East Fenn Tob Inc tin 3 Heyden ( ud & M Corp Val Coal Inc... .. Lupton F M AL Mfre Lt & Ht Middle West Uil Nor S Pow Cor wis 4 Omnibus Cor v.t.e. Faige Motor.. Ex Ind tpxborns Ine. .. jut P ptd A Lival Typewrs irra P ager M Trod Expts hig: ] Toited Uit Bak p1d 1T & Pow S Lt & Heat Ward Tak Ward Tk (. §2.000 | MINING 0 Arizona Giobe Canario Copper . Chief Cons Mining. Comstock 2 Cons Cop cop 1 Hawihorne Hecla Mine Howe Sound Arnc. o 10 MoNamar 5 Mohican i New Corm 50 Plymouth Lead Min Premier Goid Min 0 Red Hill Florence. . 0 Reorgan Div Annex T Rocks Mt 8 & It pt Iverdale z opah Fixten . st End Ext Trinity Cop United Euste 10 T S Continental . 13 Loty Gold .. den Copper | t Eud Ext | PORK PRICES HIGHER. A marked decrease in receipts’ of hogs at leading markets, with a con- sequent shortening of the fresh pork pply and a slight strengthening of | prices, characterized the meat trade |during the month just closed, accord- |ing to the monthly review issued by the Washington office of the Institute of American Meat Packers. The re- w adds: | “Even though the price of hogs at | Chicago remained well above $9 per {100 pounds during the month, an ad- | vance of about $1 as compared with | September of last year, consumers should find plenty of unusual meat bargains available, since several pork cuts- have been wholesaling near the . |levels which prevailed a decade ago, AVINGS BANK. Commerce, & Saviogs. East Washington.. Security Savings & Com. Seventh National . TITLE INSURANCE. Columbia_Titl Real Estate Title. MISCELLANEOUS. Merchants' Transfer & Storage. 115 Mergenthaler Linotype.. 163 Natl. Mtge. & Inv ] Oid Dutch Market com. 1 01d Dutch Market pfd. 315 Tanston Monotspe. 0 rity Storage 353 Washington Market 5 Yellow Cab.. *Ex dividend. 8% among them picnics, both fresh and smoked, fresh pork shoulders and spareribs.” FRANCIS 74 YEARS OLD. NEW YORK, October 2.—D. R. | Francis, former Governor of Missouri and a member of the brokerage firm of Francis Bros, & Co. St. Louis, visited the New York Stock Exchange in celebrating _ his seventy-fourth |birthday. Mr. Francis was Secretary | of the Interior in President Cleve- land’s administration, and was for- merly ambassador to Russia. His firm has been a member of the stock exchange for year: NEW GRAIN RECORD. DULUTH, Minn., Oetober 2.—Grain receipts at Duluth and Superior ele- vators in September amounted to 41,- 533,087 bushels, which established a record uncqualed in the history of trading at the twin ports, according to C. F. MacDonald, secretary of the Duluth Board of Trade, who compiled the report, | der, | many |late weeks has been accurately | immediately | question | effect on | grams 3| Schroeder t STAR, WASHINGTOM PAINT SALES GAIN; BUILDING LETS UP Improvements Now Big Boost to Demand—Auto Firms Good Buyers. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, October construction in general throughout the United States has slumped. The paint manufacturers of the country who are in closest touch with the building situation admit that it has slumped, however, only in sections. And while the building industry af- fects hundreds of thousands of manu- facturers, distributors, merchants and workers all over the country in many lines of industry, this admission does not, at the present time. reflect the slightest indication of a slack ing of trade or a diminution of pros- perity. For paint sales have gone up in spite of the slight lessening of vol- ume of new building contracts, and “paint” is a barometer of general conditions second to none. In the larger citics housing shortage has been satisfied at least temporarily, but inhabitants of all sections evi- dently find themselves able to-make improvements and betterments. Sales of the Sherwin-Willlams pany, one of the largest paint varnish manufacturers, are between $700,000 and $500,000 a week, or approximately $100.000 a week —Building Com- 1923, a remarkably prosper- according to L. H roe- rer of the company. This increase, Mr. Schroeder added, was especially evident in the agricultural sections of the South. Midwest Far West and reflected the improve- riod of ous year, | ment in the condition of the farmer and stock raiser. Trade sale direct to customers undoubtedly were bette than sales to manufacturers he declared, but the improvement industrial production also was flected in the present businass. is noticeable especially in the auto- mobile field, where the production has been speeded up and where paint and varnish consumption directly re- flects the number of cars and trucks prodaced. Dye Since the re- Products in Demand. Sherwin Williams has over 8,000 dealers in the c sumer tra it is evident that the sales reflect conditions obtaning in sections of the country h in the textile trades in and o improvement ted in the 'he col makes few completed dyes, specializes in the so-calle termediates,” or rough product which finished dyes are made. Increase in the production of pai and varnish has had also a decid the demand for tin pl since the larger paint compa make and use as high as 225000 cans a day to contain their products Much of the demand has been due the clean-up and paint-up pro- which are growing throughout the country “save the surface” campaigns of the paint of the most marked t present is the rehabilitation cuses, both on the farms the smaller cities The activity in the been influential in the min industry ses by whic ment posi than reflec of dye products but to of the extracted f lead many mont whi ar on o for tical today nominally pound, act: when premi; im e position of z strong than that of le paint men, since zine had to be restricted running consumption, production, affected by the price of silver, which usually is a factor in lead ores, has not kept pace with re- quirements, according to produc has to avoid over- whereas lead and | running | higher than in the corresponding pe- | and | to dealers who market | This | a¢ HUR\‘!)AY OCTUBER SMITH TYPEWRITER COMPANY 1S SOLD wy 1 1. Owners Get $5,000,000 for Big Business—Three Of- ficials Retained. By the Assoc SYRACLU , October 2—Con- trol of L. C. Smith Bros. Typewriter | Company today passed to financial | interests in New York City, sented by Ford, Bacon and Davis. More than $5,000,000 was reported in- volved in the deal The present nam. will be retained. here turns out ted Press. of the company | Che concern’s plant | 50,000 typewriters a | | ith, president of the com- | s {o withdraw from the ess entirely, becom- | viated with the Svr- acuse Trust Company Hurlburt W ‘ Smith, secretary and treasurer of th typewriter concern, also will sever | connections with the company and | intends to devote much of his time to furthering th interests of Syra- cuse University Three other members of the family all holding managerial positions in | the company, will remain. | ing actiy COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY PHILADELPHIA whole ven that of October nt of drugs at this was about u 1923 eparations, oW an advanee over September ale mb September toilet drug per e botanical about 4 prices nt Mo., October 2.—Ou in this district for t JOPLIN, zinc or 5o far ds, valued strike is reported Co. mear Duenwe BOSTON, Boylsto West cotton IVEPORT “ipt La, Louisian Marketin approxim PITTSRURG in meret Shad extend Pittsbu foundr, or I ago a mout AVERAGE UNEEMPLdYMENT LOW IN BALTIMORE —Averag tha country e tistics M 1. nic ..)rm Ade na for contrasting strongly at this last year.” labor i with conditi FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS . The F. H. SMITH BUILDING Runditl H Hognen ¥ Yo 7821 Conneclioat Jwenss " %o Investments for Your October Funds AVING the past record of this house to guide you—no loss to any investor in 51 years—it is to your advantage to make certain now of re- ceiving 7% over a period of years, regardless of any downward trend of interest rates generally. Smith Bonds, strongly secured by first mortgages on improved city property, give you the opportunity to invest your October funds at 7% for any period from 2 years to 15 years. As these first mortgages are con- stantly reduced by monthly epay- ments on the principal, the margin of safety behind your investment in Smith Bonds is constantly increased. Telephone Main 6464, or write today for the new circular de- * scribing our October offerings Smith Co Founded 1873 FIRST MORTGAGE BO! S 815 FIFTEENTH STREET sthamp- Money to Loan Secured by frst deed of trust on real estate Prevailing (utersst and commission Joseph I Weller .fin.w"-:i. e —Bonds on Investment Bldg., Smith Bidg., Roosevelt Apts., Jefferson Apts., Hamilton Hotel. Address Box 85-L, Star Office MONEY TO LOAN On Improved Property 1o D. O. and M4, ANY AMOUNT—THREE, FIVE asd TEN YEAR TERMS. Lowest Rates. BUILDING PROJECTS FINANCED, FRED T. NESBIT Investment Bldg. _ ____Main 9393 Our cash any amount rates will p!ya\c you if the security is sat- isfactory MORTGAGE DEPARTMENT (SHANNON_& LUCHY) 713 and 715 14th Street N.W. Main 2345, FEDERAI. AMERICAN NATIONAL BANK RESOURCES $13.000.000 1315 F ST Jonw PooLE Parimenm “When Buying” Olll‘ 770 First Mortgage Notes —your investment In cecnred on carefnily selvcted improved properties and placed + sound. conservative valuation. Notes iow available in amousts of $100 up. Apply Loan Dept. Mr. O'Dommell, Mgr. Chas. D. Sager Rea 924 14th St. N.W. Road Upward s T'he to financial independence wiil not be difficult to ne- gotiate if you RIGHT. Begin once t or more our F rsl Mortgage NOT improved Y2% real estate, be as- sured of with at income TAKE YOUR FIRST STEP TODAY By Consulting Our MORTGAGE INVESTMENT DEPARTMENT N and 715 14th S Main 234 on the feeling of LRI S T SRS FINANCLIAL American Telephone & Telegraph | E Company 140th Dividend The regular quarterly dividend of Two Dol 1ars und Twenty Five Cents per share will be | id on Wednesduy, October 15, 1924, to stock- { Rolders of rocord 4t the close’ of busincas o8 Saturday, September 1! ! W Bt Capital One Million Dollars 14th & H Streets SMITH, Treas: LT Oldest National Bank Ever Since 1814 —The Metropolitan has faithfully served the community’s financial wants —its facilities and service broadening as the city grew—its prestige and pop- ularity constantly increasing. in_the City 3% Paid on Savings Acounts Nafional —110 Years Old Metropolitan Bank 15th St., Opposite U. S. Treasury 1§ 113 l l"l !"I Organized 1n 1814 1\’[etropohtan Housing Loans (Metropolitan Life Insurance Company.) On homes in the DISTRICT OF COLUMBIA and suburbs in MARYLAND and VIRGINIA for fifteen years. No life insurance requirement. Business Properties Unlimited funds for loans on centrally located office buildings, hotels and retail stores. Apartment Houses These loans may be made for periods of 10 or 15 years— Lowest Interest Rates Weaver Bros., Realtors 735 15th St. N.W. Main 1821 g A GOOD INVESTMENT FOR YOUR SURPLUS FUNDS We Have a Number of FIRST MORTGAGES —on new residences in good locations, which offer an ab- solutely safe investment and that vield a liberal re- turn. They may be secured in any amount from $250.00 and multiples. F. SAUL CO. 1412 Eye St. N\W. HEN Alexander Great ram the Mace donian military mackine, he equipped every fighter with a Sarisse. This was a form of pike about twenty-four feet long. The men were packed in a solid for- mation in such a way that the Sarisse of the first, second, third. fourth, fifth and sixth ranks pro- jected in front of the first line soldiers. One of the chief causes of the success of the Macedonian army was the confidence of every man in the security afforded by his Sarisse. the confidence and security SUCCESS today is founded in iarge measure £ financial ven only by the knowledge that your independence is guaranteed by the conservation of your investments. Build your- self a Macedonian phalanx of protection. your first, second, third, fourth and every suc- ceeding investment be made along the lines of judgment and foresight. gage Notes on improved Washington property have the confidence of thousands of cautious investors because they are backed by a reputa- tion of fifty-five years of service without loss to any investor. Do you want this protection? Let Our 6% % First Mort- Continental Trust Company B R RIRIRIRIRIRN R R RIC RINRIRI L U R il DRI R IR s L