Newspaper Page Text
COMPLE
$1200,000 FIRST
M0KTGAGE LOAN
BttMSTRICT FIRM
F. B. Smith Co. Underwrites
Obligation for
New-Hamilton Hotel.
MODERN STRUCTURE
To B*. Eleven-Story Building
WHk-Every Convenience.
Lead Men Interested.
k One of -the larcest first mortgage
real estate loans ever consummated
.In Washington haa Just been clos?l
In the underwriting by ths F. H.
Smith Company of the $1.JO#,000
first mortgage secured on the land,
building *nd equipment of the New
Hamilton Hotel. The new hotel will
be in course of erection Juat aa
Boon aa the old Hamilton Hotel,
which has stood on the aite at the
corner of Fourteenth and K streets
northwest aince before the civil war.
Is rased. It la expected that the
new building will be ready for occupancy.
fully equipped, about the
flrat o( March of next year.
The >ond issue, which Is secured
by the flrat- mortgage, carries 8_per
cent interest, with the normal Federal
income tax up to 4 per cent
and the District of Columbia* In
tangible tax of J mills paid by the
borrowing corporation, the Hamilton
Hotel Corporation. The security
is valued at $3,000,000 and the interest
is payable on the first of January
and the first of July. Bonds
are hi denominations of $1,000, $500
and *100. so that the large as well
as the small Investor Is ta*en
care o'f
The New Hamilton will be an
eleven-Story modern fireproof buildIn*.
containing 310 rooms and 310
baths, covering approximately 15,h
000 square feet, located at Fourteenth
and K streets northwest, imt
mediately, facing Franklin square
and running back to a thirty-foot
alley. The plant is to be operated
by hotel experts and is built to suppiy
demand for accommodations in
this city which has grown in volume
during the past ten years.
The F. II. Smith Company was
established in 1$7J and throughout
Its business career of forty-eight
years in handling first mortgage
loans', mostly on business property
In the city of Washington, it has
never had a loss of principal or
interest to any of its investors.
The directors of the Hamilton Hotel
Corporation are: Ezra Gould,
president Washington Mechanics
Savings Bank: Hon. W. Owynn Gardinar.
attorney-at-law, former Commiaeloner
of the District of Columbia;
Theodore U We'd, vice president
Commonwealth Finance Corporation.
New York: William A. Mills.
Washington representative of the
Commonwealth Finance Corporation
of New Tork: John R. Wal^r. secretary-treasurer
Internationa Bank.
Washington. D. C.
A. T. * T. Esrslsis.
A statement of the American Telephmre?and
Telegraph Company
earnings for the six months ending
1 June JO. 1921, contrasted with earnings
for the corresponding period
of last year. Is given as follows:
Total earnings. 153.428.855.J8 this
year. a*?galnst $51,759,720 last. Ex
I?m" "1? ' * " this year, contra#^LjHth
$18,009,200 $2 last, leaving
??M^rnings this year of $36.sso.m.vr/
compared with $35,750.459.fr
jST-ioso.
SwsritlM.
HoifOglost much of their recent
prOtoiaiBce on the Washington Stock
Exchange yesterday. Trading was
well varjegated. with little or no
difference In prices or market tendency."
~
Potomac Electric Consol 5s were
traded Jn to the extent of $2,000
at 85: a like amount of Metropolitan
tuitroad 5s at 91. while Washington
Gas 7% per cent notes had
saler Involving $3,000 at 10*.
Capital Traction stock changed
hands to the extent of 20 shares
at $7. and 3 shares of District National
Bank were disposed of at 170.
Seventy-five shares of Capital Traction
at 8?*. as of July 13, was
also recorded. ?
Call money continued to rule at
per cent, with 7 per cent bid.
Pee* *?!.
James A. Edgar, general sales
manager of E. L. Stock and Company
investment agents for the International
Finance Corporation, is
in Philadelphia for a few days on
business for the firm.
NEW YORK PRODUCE.
NEW TORK, July 14.?Butter
market stronger. Creamery extra.
40Sa42'%> creamery firsts. 3714a41;
creamery higher scoring, 41a43<4;
State dairy tubs. 33a40: renovated
extras. ?c; ladle fresh firsts, 30a32.
Eggs?Market irregular. Nearby
white fancy. 51a52; nearby brown
fancy, ,41a43; extra. 38a39; firsts.
JJa35. '
SUGAR MARKET.
HIT YOIW. July 14 ?The ?n?sr narket
closed Una 10 te 14 peists hlsber.
- * High I/ow Close
September 8 0S 2.91 3 08.S0T,
TVcember S.75 2.08 3.73.2.77
Jasoary S.74 *..70 2,1U2:72
"
W. B. HIBBS
*
^ AJTD
COMPANY
New York Stock Exchange
Boston Stock Exchange
Philadelphia Stock Exchange
Washington Stock Exchange
New York Cotton Exchange
Chicago Board of Trade
New York Curb Market Association
?^
Hibbs Building
jjashmgtoii, D. C.
*
>
TE DAILY R
COMPLETE N.Y. ST<
(W< B. HlkN, A C^. HlbN Bids
hat
Kales Blocks. Open. High. Low. Clw. dig*
900 Adam Express 40 41 40 40% ? K
.1*) Alaska Gold MliH.... % % % %
300 Alaska Juneau Gold... 1% 1% 1% 1%
40U0 Allied ( hem Dye 39% 40 Si)** 30)4 + %
100 Allied Cheat D>e pf... 72 72 72 72
4UU Aner Agrlcal Cbem... 36% 36% 341% M%
100 A Bier Agricul Chen pf. 1% 61% 61% 61%
200 American Beet Sugar.. 28 28 28 28
200 Amer Bosch Magneto.. 35 *33 So 35
300 American Can 26 26% 26 26% .+ %
100 Amer Car Foundry pf.. 17 - 17 17 17 *
200 Amer Drug Syndicate.. 4% 4% 4% 4%
500 Amer lllde Leather pf. SI 51% 01 01%
200 American Ice pf 61% 61% 61% 61%
900 Amer Inter Corpn 34 31% 33% 33% ? %
1300 Amer Linseed OH 24% 25 21% 24%
*00 American Locomo ..., 81 81 80% 80% %
1200 American Safety Raaor 4% 4% 4% 4% ? %
200 American Ship Com 7% 7% 7% 7%
. 100 Amer Smelting 37% 37% 37% 37%
100 Am Smelt Securities A 67% 67% 67% 67%
900 America a Steel 80% 80% 80 80 ? %
100 American Steel Foundry 26% 26% 26% 26%
9300 American Bugar 66% 67% 65% 67 ? %
9800 American Sugar pf.... 51% 52% 48% 49% ?2%
1200 American Tel Telcff... 103 103% 103 103
1300 Amer Tobacco 121% 121% 120 120%
900 Amer Tobacco pf (newI 8.H 88% 88 88% ? %
400 Amer Tobaceo Class B 120% 120% J20 120 + %
100 American Woolen 6!? 69% 68% 68% ? %
200 AaMrican Zinc Lead... 8% 8% 8% 8%
1700 Anaconda Copper 37% 37% 37 37%
K Associated Dry Goods. 9?% 99% 98% 98% ?2%
Itch. Tupeka. 8 Fe... 82% 82% 82% 82% 4- %
600 Atch. Topeka. 8 Fe pf. 77 77 % 77 77% +1%
24700 All. Golf. West Indies. 25% 25% 23% 23% ? 1%
206 Atl. Gulf. Went lad pf 18 18 17% 17% ?2%
200 Atlaatlc Petroleum ... 14% 14% 14% 14%
9200 Baldwla Locomo * 75% 75% 74 74% ? %
300 Baldwin Locomo pf.... 97% 97% 97 97
1500 Baltimore Ohio 38% 38% 38% 3s% ? %
3d0 Baltimore Ohio pf 50% 50% 50% 50%
15100 Beth Steel Class B 48 48 47 47% ? %
400 Brooklyn Rapid Tranalt 10% 10% 10% 10%
200 Burns Brothers 87 87 87 87
400 Bntta Copper Zinc... 4% 4% 4% 4%
2900 Calif Petroleum 35% 35% 34% 34% ?2
100 Calif Lead Zinc 4% 4% 4% 4%
1900 Canadlaa Pacific 109% 109% 108% 108% + %
900 Ceatral Leather 35% 36 35% 35% ? %
500 Ceatral Leather pf 71 71 70%. 71
200 Cerro de Pasco Copper. 25% 25% 25% 25%
39100 Chandler Motors 49% 49% 47% 48% ?1
600 Chesapeake Ohio 54% 54% 53% 53%
200 Chicago Grt Western pf 17% 17% . 17% 17%
9001 Chicago. Mil. St Paul.. 26% 26% 26% 26%
900 Chi. Mil. St Panl pf.. 39% 39% 39% 39%
1000 Chi Northwestern 64 64 64 04
1700 Chicago. K I. Pacific.. 32 32% 31% 31% ? %
200 Chi. It* I. Pac 6% pf... 64% 64% 64% 61%
200 Chi. B I. Pac 7% pf... 72% 72% 72% 72%
2200 Chile Copper 10% 10% 10% 10% ? %
400 Cbiao Copper 23 23% 23 23 + %
200 Coca-Cola Co 29% 29% 29% 29%
800 Columbia Gas Electric. -54 54% 54 54% ? %
700 Colorado Southern 36 36 35% 35% ? %
900 Col Grapbopbone 5% 5% 5 5
200 Coaaol Gas 85% 85% 85% 85%
700 Consol Textile 15 15 14% 14% ? %
100 Coat Can 44% 44% 44% 44 %
400 Coat Candy % % % %
200 Corn Products % % % %
1300 Cosden Co 27% 27% 27% 27% ?1%
26700 Crucible Steel 55 55 53 53% ?1%
1J500 Cuban Amer Sugar 13% 13% 13% 13% ? %
1300 Cnbn Cane Sugar 8% 8% 8% 8% + %
1100 Davison ( hem 21% 21% 21 '21
200 Denver Rio Grarde.... % 1 % 1 + %
2600 Denver Rio Grande pf. 1% 2% 1% 2 + %
! 1700 Endlcutt Johnson 60% 61 60 00 ? %
200 Rndlcott Johnson pf... 94 94 94 94
900 Erie R R 13 13% 13 13 ? %
20?) Erie R II 1st pf 19 19 19 19
400 Erie R R 2d pf 13% 13% 13 13 ? %
?900 Famous Players 50% 51 49 49% ?2%
200 Fisher Body 80% 80% 80% 80%
800 Flsk Rubber 11% 11% 11% 11% + %
29000 General Aaphalt 50% 50% 49% 49% ?1%
200 General Asphalt pf.... 87 87 87 87
900 (General Electric ...... 134% 124% 122% 122% ?2%
?*> General Motors 11 11 11 11
200 Granby Mine* ....... 17% 17% 17% 17%
400 Great Northern pf 67% 68% 67% 68% -f- %
200 Grt Northern Ore usb.. 27% 27% 27% 27%
200 Ilendee Mfg 15 15 15 15
500 Houston OH 54% 54% 53 53 ?1
1300 Hupp Motors 12 12 11% 11% + %
900 Illinois Central 92% 92% 91% 92 ? %
1 an* ladiMhoma Ref* 2% 2% 2% 2% ? %
200 Iaspiration Copper 34 34 34 34
200 Interboro Cons Corpn. . 3% 3% 3% -3%
200 Interboro Con Corpn pfll 11 11 11,
700 Inter Harvester Co 73% 74 73% 73% ? %
200 Inter Motor Truck 30% 30% 30% 30%
200 Int Motor Truck 1st pf 69 69 ?9 69
1700 Inter Psper 52% 53% 52% 52% ? %
200 Inter Merc Marine 11 11 11 II
800 Inter Merc Marine pf. . 48% 49 48 48 ?1
1300 Invincible Oil 11 11 10% 11 + %
1500 Island Oil 3 3 2% 3
200 Kansas City Southern.. 25% 25% 25% 25%
200 Kayser. J 73% 73% 73% 73%
130<i KePy Springfield Tire.. 3? 38 37% 37%
200 Kelaey Wheel pf 90 90 90 90
900 Kennecott Copper 19% 19% 19% 19% ? %
200 Keystone Tire 11% 11% 11% 11%
1000 Lackawanna Steel 38% 38% 37% 37% ?1
N.Y. CURB MARKET TRANS
(W. B. Hibba Jt Co.. Hifcfca Bids.. Nemker. If. T. Cai
INDUSTRIALS. 3000 Denny Oil
300 Acme Packing ... 1% .. .. 400 Elk Basin Pet .
4000 Acme Coal 1% 1 1 lOCO Earner Oy A Ga
2 ?Tm*?p,p": 76 :: :: -
HE5:1:?Sh01 115 - u *?EJ.?oir:::
(MM Ulou^
200 Colombi. Kmerald. 83 8M 85
700 Coat Motor. 3'i 6 M..? ,
1# I) L 4 W Coil m 27*4 .. ? '
2T.O Durant Mot 23* 23 25H JJ2 Merriu^ll '
4C00 (lien AMen Coal .. 33 31(4 3:% ?9oo o "
ino H-rd.0 Om .... I* .. JJ \nhi. oii A r.
? :: ::
-A KLS?S 75 * sSHs""
100 Merv-r Motors ... 2 f...
200 National leather.. T'i 7 7V4
inn Nor Amer P * P.. 2>4 .. .. Jf" Crtfk
1000 Perfection Tire... 7'i 78 78 *,. SLTiT," A? "*
son Radio C. 1% .. .. .:?? **"* ?'}
100 Radio Co pfd 2 .. .. ?2 JrVi I
200 Son Co.1 * Iro?... 2 1% 1* J1'N/'*
100 standard Motor. .. S% .. ^. r..:
IIOO Sweets Co 2% 2% 2% . STANDARD
S00 United Ret Otady. 7 6% 9% "K
2*0 I-s Uckt * nwt. 7.
2300 IT 8 8 Ship Corpn. 19 18 19 ' Standard Oil In
3500 r s Steam 28 27 27 .. . _
900 U 8 Dintributing.. 22% 22% 22% Alwta Br G?1
?Wf?tWCM.... M 82 83 Si,'fjoat '
011- RTfX KS. 11W0 CandeUrla Mi.
i?2I fnS 4 S300 Cortea Silrer ..
011 "*w 23 21 25 800 Creiwon (iold ..
"" 20 15 2noo Dirlde Extemlol
J!?? ?l... 43 60 62 3000 Korea. I'roe.o.
ruL y**. ?* ' 4% 2000 Cold Zone
. !!" f? ^ p 41 * 41 <l'/i 22700 r.oldlteld riore
SS r- 1^ ^r\b "* ,,!4 "14 300 Harmlll
JTOCitie. Sorrlee o'd. iOil 101 |qq 100 Howe Sonnd ...
Your Money
Is Safe Here
v
Don't keep any considerable
money at home.
Don't carry it around with you.
In the one case, burglars are lik<
it; in the other case, you run
of losing it or spending it.
No depositor in this Bank has
a penny.
Come in and open an account.
3% on Savings
2% on Checking
The Washington Loan & Tfti
900-902 ? Street 611-621
RsssascassswSU.6K.0t0 joha B. I
?
ECORD OF S
3CK TRANSACTIONS
? 41 ember* N. T. Stock Exekaage)
x Naf
to lea. 8 lock*. Open. High Low. Close. cbf?.
400 Lee Rubber Tire 28 ? 2i 26% ? %
MH) l*>ew'? lot- io* 10 18* lo*
200 Manhattan Elevated... 40* 40 U 40* 4l>*
4UU Murlsnd Oil 14* 14*' 14* 14*
2*0 Maxwell Motors etfa.. * * * * ? *
48100 Ilex Petroleutu 186% 108* 108% 108% ?8
2'jO Miami Cupper 21 21 21 21
- 1600 Middle Htatea Oil 11 11 10% 11 ? %
2U0 Midvnle Steel 23* 28* 28* 28*
100 Minn 8t Loaii (new).. 12 12 11* 11* ? *
1100 Mo. Kansas. Texts.... 2* 2% 2* 2* ? *
1200 Mo. Kauat, Texas pf.. 4 4 4 4
2J0 Missouri PaciSc 19% 18% 18% 18* + K
8,0 Missouri I'acittv pf 38 80 81 8a ? *
700 National Acme 15 15 U 14 ?1*
200 Natl Cloak Kult 27* 27* 27* 27*
200 Natl Cloak Suit pf ... 81% 81% 81% 81%
200 Natl Conduit Cable.... 1% 1% 1% 1%
200 Natl Enam Btamp 45 43 45 45
200 Natl Enam Htamp pf.. 81 81 81 81
1700 Nevada Coaaol Copper.. 10% 10% 10% 10% ? *
2^0 New Oris. Texas. Mex. 50 50 50 50
100 N Y jftr Brake 55 55 55 55
2800 N Y. Chi, St Louis.... ?0 80* 88 88* ? %
200 N Y Dock 28 20 28 28
208 N Y. S H, Hartford... 18 18 18 18
200 N Y. Ont, Wester*.... 17* 17* 17* 17*
1800 Norfolk Western 85 83 Ol 04 ?1%
000 ?North American Ol 81* 00* 8J* ? *
5400 Northern Pacific 71* 72% 70* 72% x + *
200 Ok la Prod Refining... 1% 1T* 1% 1*
1200 Orpheum Circuit 21 24 21 21
408 Utu Elevator 82 82 82 82
200 Otia Steel 10% lu% 10% 10%
800 Pa el to Uas Electric... 58 58 * 52 * 52* ? *
7200 PaelBc Oil 84* 84% 84* 81% ? *
18800 Pan Aner Petroleum.. 51* 5P% 48% 48* ?1*
2800 Pan Am Petrol Clasa B 44 * 44 * 48 48 ?1*
1100 Pennsylvania K K.... 84* 84% 84* 34%
800 Penns Seaboard Steel. 8 8* 7* 8 + *
1200 People's Oaa 51 51 50 * 50* ? *
100 Peoria Esstern 10* 10* 10* 10*
100 Pere Marquette 18* 19* '19* 19*
280 Phillips Petroleum ... 17* 17* 17* 17*
200 Phillips Jones 74 74 74 74
8900 Pierre Arrow 18* 18* 17% 18* + *
200 Pierre Ariow pf S3 8* SS 88
1100 Pierce Oil 7 7* 7 7* ? *
900 Pierre Oil pf 51 51 50 51 +1*
100 Pittsburgh Coal 58* 53 * 58 * 58*
200 Pittsburgh West Va... 27 * 27 * 27 * 27*
200 Pond Creek Coal 14* II* 14 14 ?1
500 Pressed Steel Car 71% 71% 71* 71*
200 Pullman Co 98* 98* 95* 96* ? *
1200 Punta Alegre Sugar.... 27 * 27% 27 27* ? %
900 Pure Oil Co 28 26 ?T4 25* + %
200 Ray Coaaol Copper.. .. 12* 12* 12* 12*
900 Reading R R 87* SM 87* 87% ? *
700 Rem Typewriter 19* 20 18* 20
400 Replogle Steel 19 19 19 19
7100 Republic Iror. Steel... 47* 47* 48 40 ? %
5800 Royal Dutch 58* 58* 53% . 55% ?2*
200 St Louis Southwestern. 24 24 24 24
200 St I <ou Is southwestn pf 33 * 33 * 33 33 +*
1700 Sears. Roebuck 84* 84% 83% 81% + *
000 Shell Trade Trans 10 * 40 * 39 * 89* ?1*
8800 Sinclair Coaaol OH 20 * 20% 20 20 ? *
9800 Southern I'sclBc 73* 78 75* 75* ? *
1100 Southern Railway 19* 19* 19* 19* ? %
200 Southern Railway pf .. 45* 45* 45* 43*
100 Stsndsrd Oil 188 .138 13*1 136
800 Stsndsrd Oil pf 108% 108* 108% 108*
300 Stewsrt Werner ?3* 23% 28 * 28% -f *
200 Stromberg Carbureter.. 32 32 31 31 ?1*
87000 Studebaker Corpn HO* SO* 7?% 70% ? %
800 Superior Oil 4* 4* 4* 4* ? *
1100 Submarine Bo:.t 4% 5 4% 5 + %
3100 Texas Company 34 34 * 33% . 33% ? %
200 Texas Company pf. . . 33 * 38 * 33* 38*
100 Texas Pari Ac 22% 22% 22% 22%
700 Texas PaclBc Coal Oil. 18% 18% 18* 18% ? %
200 Third Avenne Elevated 18* 13* 18* 13*
1800 Tobarro Products 55 * 65* 54 % 54* ? %
1400 Transcontl Oil 7* 7* 7* 7*
000 Union Oil 19% 19* 19 10 ? *
400 t'nion PaclBc 119* 119* 119 119*
200 I" nlon Pacific pf ?3* 08* ?3* 83%
1800 ratted Drug 84* 84* 84 M ? *
200 Caited Drug let pf ... 41 41 41 41
300 Caited Fruit 104* 104* 108% 103*; ? *
1400 Caited Retail Stores.. 58% 54 53* 58* ? %
2100 IT S Indus Alcohol 60% 60% 48* 49* ? %
200 U 8 Reslty Improve... 48* 4?* 4?* 4?*
22100 V S Rubber 48% 49% 48 4*%
400 I* 8 Rubber 1st pf 93 83 85 83
84800 IT 8 Steel 74* 74* 73 73 ?1*
000 u 8 Steel pf 108 100 100 100
1800 Utah Copper 1#% 48% 48* 48*
1300 Vsnadiam Steel Corpn. 28* 28* 28 28* + *
200 Va-Carolina Chem .... 28 28 2ff 28
500 Va Carolina Chem pf.. 72* 73 72 * 72* -f *
300 Vivaudou 8% 8% 8* 8* ? *
f80A Wabash R R pf A 21% 21% 21 21
200 Weber Hetlbr 12* 12* 12* 12*
200 West Marylsnd 2d pf.. 18* 1*% 18* 18*
2000 Western Pacific 24 * 24 * 24 * 24*
7800 Western Tnlon Teleg.. 88* *6* 81* 81* ?6*
800 Westlaghouae Mfg 43* 43* 42% 42% ? *
200 Whfte Motor* .'. 81% 31% 81% 81%
1600 Wlllvs Overland 7 7 8* 7 4- *
200 Willys Overland pf,... 28* 28* 29 * 20*
188 Wilson Co 83* 33* 33* 83*
2O0 Wright Aero 7% 7% 7% 7%
Total sales. 340.400 shares, against 391.400 yesterday. 842.000
a week ago. 884.995 a year ago. and 1.806.200 two years ago.
From January 1 to date 97.182.070. against 127.335.074 a year
ago. and 180.295.808 two years ago.
100 Mason Valley 1%
APTIONQ 2C00 McNamara 14
1 lUllJ 220 Mother Lode 3* 8% 3*
rh M,rk?( K.mm \ 300 Mother Lode new 6*
ra Market Ami.) 200 Tono Belmont 1
1900 Tonopah Divide... M 83 84
12 in ? 200 Tonopah Mining... 1* 1* 1*
" " 1 13 MX> Un Eastern 2% 2ft 2%
... 8 5% 5* 500 West End Con 80
a.. 4 .... 600 Yukon Gold JO
S7 BONDS.
*** o ** " I Am TAT 8s. '22 . 88*
I. ** ** 10 Am T ft T 8s. '24. ?% 98* 06*
"** gQ A! w 6 Anaconds 7s. 1929 02% 82% 92%
Q 0 Armour A Co 7s.. C6* 96* 96*
?-, ni n- 5 Beaver Board 8s . 77
12* 11* n* ,ft B#'th U' '** 94%
V. 1* 3 B*,h 8t^1 7*. 23 07% ..
20'A 19 8& ioti * Can Nut Ry En 7a. 100* 1
HVi 20 Chg Un Kta 8*s.. Iti3 102* 182*
7- 10 Copper Exp 8s. 23 100*
j" jg ' 16 t opper Exp 8s. *24 100% 100* 100*
g ** " 5 Coas Textiles 7s... 101*
1 * ** ** 12 Copper Exp 8*. '23 100*
jit' " " 11 Minds Cen 8*s.. 98* 08* 9S%
i' " ** 2 Goodrich Tire 7s.. F9*
? ;; ; 2^ on 7s 88* 98% *$*
lOti 6 Heiax 7s OK*
V 6^ *6*1 *#K; 2 lnt*r R T 7a 76
... IT* ?r4 6* , K^nBerott t%,p 7? f3I.
70 itii R Ubby M 8s SS*
** 47 4- 4i 2 Nat Cloak ft S 8s 03
*'* 'iu 2 Prortor ft O 7s. .. 100* ..
OH. iskI'Kh ^ Sears-Roe 7s, *22.. 1)8* .
OIL 1SSLIW x 8ean.-Roe 7s. '23.. 06* ..
f -un * 1 80 ny 7a, 1825... 101* .. !!
rt 67* 664k ml, ' NY 7s, 1927... 101% ..
11NO. s 5 "o nt 7*. i98o... 102% .. ::
... 37 3-, 35 ??
y? ^ V *'[ ^ ?
nee 31 27 2x jl
J Deposit
1 Boxes at Not worry
' ? A u^i . doubtful philt
the risk | none of us i
j Rental* thrifty to sect
ever lost I q Makeca P1
jj Same , away, a fixed
Rate of bank' a"d y
| your ruturc.
I Interest invited.
Paid n Traveler:
U Larre and wili.iam r>: I
R ~???! ? >? WOODBURY B
U _ _ FRANK W. ST(
Small FRANK STETS
CHAS. C. LAM
It E PERCIVAL
ACCOmtt FRANK R. ULX
rST Cf). National Saving
) 17th Street B 55th I I Oldest Saviag
rl | Year j I Comer 151
TOCK AI
COMPLETE N..\
<W. B. Hibka ? Cft, Blkba (I4f. 1
tod Y?. ? Jul'' " ?Total salt
?o yiirfK ? S"-<>?0 *11.819
l*tn ffi-'K-tK * year a*0> ?nd !2.?BI
IwS year* ago? ^ against tl.Ui.l
MtctXuv?^AK.J* f complete Hat of bo
security and thn high, low and closlm
bin (In |1,
3^"n u .. Ilt|b. CrfW. Clow 1
1 B ? l ,S!r * *HV ">.*8 86.90 88.64
,A H ? Liberty l.t 4. 87.14
10 B R Lib 2d 4. HQ in
8J r S hi*J 4"" "* m "? *
i It 1 "rso ot w 87 m
I "Ml i- a i"., V r'? 8,0(1 *>*4 HS.M
s 11 ? > 80.H0 87.08
" I" o Ij 3d 4 % k r<*f. 90 00 *?
5!i 1! S ?LI^ M 9i.in oi!oo ii.io
nil K ? V.i1, !* rrf 87 04 86 9(1 Mm
U2? P, I fr!b 4th 4%s.. 87.22 87.06 87 12 1
?UM n a l.C 4,4 "* 98.14 9*. 14
JJ ? JJe^ 4%s.. 96.36 88.28 98.38
223 U 8 Victory 9\n.. 98 84 98 28 98.12
FOREIGN bonds.
Argentine (Sort 5a. 68% 67 67
2 K2? !> 100% i?ovi I<WH
5 IS if" 99 * 99V*
6 Bf.g|un? lW2r, U8^ 03'^ 93*
1 b?'*-ae 'iovt K 5?. 46 43% 43*
? City of Bergen ft?. 96%
2 C of Bordeaux 0?. so 70% 70%
16 City of Berne 8s.. Of) 98% 98%
26 City of ('open 3%s 76% 76 76
o C of Christ l.inia 8s 08%
4 C of Marseilles 6s. 80
66 City of Paris 6*... D0J| .. ..
2 City of Zurich 8*.. 99
13 Danish Man, 8a A. 99% 09% 99%
0 Danish Mun, 8e B. 09% 09% 99%
16 D C 3% notes. 29. 91% 91% 91%
4 Do of Can 3a. '31. 87% 87 87
68 French Gort 8a... 00% 09 00
47 French Gort 7%s. 93
34 1m Japan 1st 4%s H4% 84% 84%
26 Im Japan 2d 4%s. 84% 84% 84%
11 I Japan atri In 4s. 69% 68% 60%
31 K of Denmark 8?.. 102 100% 100%
2 K of I 6%s. A. '23 K8%
10 Norway h. 108 J02% 102%
81 Rep of Chile 8s. .. 06% 06 06
1 Be of Cuba 5*. *04 79%
14 Bwlsa CtoTt Kb 105% 103% 103%
7 8 of Hao Paulo H?. 03% 03 93
2 T'KGtBAI 3%a. *21 100
267 T'KGtBAI 3%a, 22 9K% 97% 08%
84 rKGtBAI 5%a. 20 HO HH\ 88%
87 1'KGtBAI 5%s. 37 R6% 83% 83%
33 IT 8 Bra all 8* 9* 97% 9Uk
34 C 8 of Mexico 3s.. 45% 45 4^
NEW YORK BONDS.
4 N T City 4%a. '60 R3%
SV J City 4%?. '63 89%
1 NYC 8%s. '34. N. 72%
RAILWAY AND MISCBLLANROUR BONDS
3 Am Ag Chem 7%?. 93% 95% 93%
1 Am A C 1st crt 5s 00
10 Am Smelting 5s... 76% 76% 76%
28 Am T A T CTt 6?. 97% 07% 97%
3 A T 4 T col tr 5-. 82% 82% 82%
2 Am T A T crt 4%< 85%
37 Amer T A T col 4t 78
Nm Writ Paper 6s 70%
ft Co rl est 4%s 78% 78% 78%
t T ft 8 F gen 4s 76% 76% 76%
TftKF CTt 48. '55 70 69 70
3 ATftHF adj 4s. ?tp 71
7 Atl Co??t Line 7?. 101%
7 Atl Refinery ?%s.. 100% 100 100%
9 Bait ft Ohio 6< . 8?% 88% 88%
2 B ft Ohio cvt 4%s. 68%
11 B ft Ohio gold 4?. 67% 67% 67%
8 B ft O pr In %?.. 83%
3 BftO U. PLKftWV 04% 64% 64%
10 B ft O 8%?. 8 dir 79
1 BftO 4s. TftC diT. 54
20 Bell Tel of Ps 7s. . 103% 103% 103%
7 Beth Steel ref 5a.. HI
1 Beth Steel 5s. '36. 77% ..
3 Braden Copper 6s. 82%
37 Brooklyn R T 7*.. 4* 46% 47
8 BBT 7?. T C rtfa. 4?
30 BBT 7a. T C ctfs s 44%
1 Br Cnton K1 1st 5a 64%
2 Bosh Ter Bldf 5s. 74%
15 Can Northern 7*.. 161% 101 161%
54 Can Northern 6%*. 96% 9#% i?
30 Cent of <Ja Ry 6?. 85% 85% 85%
1 C of Ga Ry ton 5a. 82%
22 Central Par ct?l 4a 72% 72 72%
3 Cent Pac gtd 3%a 78%
3 Cent Pnc H 1- 4s ?9%
2 C R R of >' J 5a.. 95 . .
4 Cerro de Pssro 8s. 108 107% 167%
1 C ft Ohio rfg 5a... 81 .. ..
11 C ft Ohio CTt 5s... 81% 81 81%
3 C ft Ohio gen 4%s. 73% 73% 71%
1 Chi ft Alton rfg 3a 42%
1 Chi ft Alton 3%a. . 34
13 Cnhan Am Sog 97% 9?% 97%
2 Cuban Railroad 5a. 63%
1 C B ft Q gen 4s... 77% ^
154 CBftQ joint 6%a.. 99% 98% 98%
4 Chi ft Erie 1st 3s. 75
6 Chi Grent West 4a. M>%
1 CMAStP CTt 5n. B. 64
2 CMAStP gen 4%s. 65% v
8 CMftStP cvt 4%s. 6Ti% 2*
16 CMftStP rfg 4%a. 60% .>9% 60%
1 C M ft St P 4s. '23 74
3 Chi ft NW 3a. 'S7. 92% 92 92%
21 Chi ft NW 6%s... 00% 09% 99%
2 Chi ft NW gen 4s. 92%
1 Chicago ft NW 7s. 102% ?
23 CBIftP By rfg 4s. 66% 66% 60 ^
10 C 1'n Sta 4%s. A. 8" ?9% ?9%
8 Chi Cn 8ta 6%s. .. 1?J% .. ;
6 Chi ft West Ind 4s 60
4 Chile Cop CTt 7s 93% 93% W%
23 Chile Cop col tr 6s <2% 71%
2 C C C ft St L ? .. 87
3 Colo Industrial 5a. 72 ^ 4
Con. crt U... 101 Ml
108 Tab. C>0<" ?n* 7?. ^
1 Bel k Hu?l?nn 7.. . 101V, 0
7 B ft Bio II Ttt Tw. ?2U <1*? 41 * 7
r. n * mn n r :? c - t
1 Bctrolt Krtl-on ,
5 l?.t B Tunn.1 ?V,? 78>, <?U '?k ?
is n?n Of N p T%a_ #7^, - 8
44 Duq I' * Power 6* 91% 904 90 * u
2 Krie prior lien 4s. 54%
7 Krie gen Hen 4s... 42% 42% 4.% ?
16 Krie crt 4s. ser D. 42% 42 ?
6 Grand Trnnk 7a... 106% 100% 100%
9_4J_ Rapids ft 14%s 79 ..
3 SO NY ?%a 106 90% 100
2 South Ry 7a 96%
? Southwest Bell 7s. 95% 95% 95%
13 Texas Co 7a 99%
1 Western Klec 7s... 100%
29 Yamnm Oil 7s. .. 10i?% 100% 100%
2 Unit Ry llasa 7%* 93 ..
FOREIGN BONDS.
2 Swiss GoTt 5%a... 6A%
$2,000,000.00 1
Capital and Surplus |!
The Future
Won't Take
Care of Itself
Unless You |
Help by
S-A-V-I-N-G
ing about the future is
Dsophy. The world owes
a living. Each must be
ire an old-age of comfort.
iy-day practice of laying '
sum in this interest-paying
ou 11 gradually safeguard
Deposits in any amount
f
s' Checks (at Tolirists I
OFFICERS
JOOVER President
wi ' a t vice President
)NE Second Vice President
- Trust Officer
JSP?;.- Treasurer
WILSON Secretary
MER Awt. Sec. ft A*at. TrSS
s & Trust Co.
Deportory is WuUsftos '
& ud New Yuk Are.. I
4D BON]
? .
BOND SALES
??m M. T. ttMk HukiifO
of bond* on the 8took Exchang
.000 yesterday, 111,417,000 a wee
1,000 two year* ago From Januar
40.000 a year a^T and |1.7?T,MZ,00
nd sales today. Total aalea of eac
c prices are riven;
000)
r^a. 111*4. Imm. men.
II Oea Bier deb Sa... 86% 80% 8*<
? "? ? "of 4%a.... 7*%
']? ?**,t Serthem ts. 96% Mi
20 (loodresr Tire 8. . 96% 96% W<
7 n A M sdj l?r 5s. 41 % 41 41
5 Illinois Oaat 414a.. 88% .. ..
1 III feat 4s. SlT.. 66%
6 III real 4s. '?.... m%
2 Indiana steel Ss... *9% 80% no1
1 Interb-Metro 4%s. 16%
414a. TCltfa 1J% lift II
# > Intrrb R T ref Ss. S5% 55% 531
'5 Iaterl Africa) Ss.. 72
IS later M M sf ?s... 79% 7S% 78'
1 lows Cestrsl rf * 4a 40
? K C rt 8 * M 4s.. ??% ?% ?i
1 Kan. city 8ou Is.. TSU 75% 751
1* K ntr son lat ?a. 57% se% 57
8 K ntr Ter lat 4a. T1 "4
11 * Spriaffleld is... 9t% 94% 94'
S 1J1AIIS deb 4a. '81 82 8114 81)
1 I. V of Pa tes 4a. 80
1 U* A Myers Ss 8*14
; * Ke* 7s.. 104 108% 104
7 Market 8t By 8a. . 70
4 Mexican Pete 8a... 0414 9S% 941
0 Marland Oil 8s.... 05 92% M
* Mldrale 8 crt Ss.. 7614 76 76'
0 MUil. ref est Ss. 4014
1 WW. lat rf* 4a. 40
* URtPARSM roa 4s. 8*14 8* M
"J 5?? p * ?! **'' 1,14 *?* '?
8 Mo Pa rifle res 4s. S*%
2 Moa P Ce Ss. A... 8514
3 MAR.*., ?%,...
5 * O T * M tie Ss. 56%
? * T C * H B 814s 65
44 NTCAHB deb 6s.. 8014 89% an
4 * * f * H R 78.. 10114 1110% ion
26 N YrAHR deb 4a.. 7614 75% 76"
6 KYXHAH e 3%s.. 88
; ?I5H*H r >* 6014 80'
2 XYR r 4?, T C etf 19%
11 X Y Te! delf 6s 02 9114 91'
2 S Y Tel *ea 414a. 80* '*
2 Visesrs Pslls P Ss 86%
4 N A s..ti 5s. ser A 4014
21 X A West cob 4s. 7614
s Xor A West est 6a Ml
24 Xor Hell Tel 7s... 10014 10014 inoi
6 Nor Par pr la 4... 7S% 75% 751
30 Northern Par 6s.. #8% 08% ?R
8 Nor 8 Pow 1st Sa. 7? 78% 70
4 Ore*on A C lat 5a 80% / 8SI4 Mi
6 Oregon K L rfl 4i. HI
8 Ole*-W B A X 4> 70% 70 701
7 Per C.s. A Eler Ss 77% 7714 77"
5 Packard Motor 8s. >514 98% 0",I
6 Psa Aroer Pet 7a. 8?14 fd> 891
20 Ps R K 7s, 30... im 102% 1021
7 Ps R R Ss 84% ..
83 Pa R B coa 614a. . ?8 07% 9?
23 Pa B B |ea 414a.. 76% 7614 761
1 Pa R B eon 4a. '48 78%
1 PC AC of C 6a.. 7214
1 Pere Mar re* 5s... 8814
11 Phil Co 5a 97 06% 061
5 Reedla* tea 4s... 74 1 ..
5 B I A A I. 4!4?... 08 65 % 68
1 8t L I M A 8 Ss.. 88
11 StLIMAR ref 4a... 70%
3 Stl.IMASBAC. d 4a 6614
2? RI.A8F pr la 4s. A 8114 60% 601
8 RtI.A3*r 5s. ser B. 73 72% 78
13*RtLA8K tea 6a. C. 88 8714 88
11 8< I. A 8 r sdj 6. 67 66 % 06>
22 81 L A 8 r l?e 6s. 53%
2 81 I. KW roe 4s. .. 6*Va 62% 621
1 St I. RW Term Ss. 67
2 Sf rmAy roa 4%s. 8814
2 8 A A A P lat 4?. 62%
27 8 Air Mae adj Sa. 26 25% 251
7 SesM Air 1.1 or 6a. 48 47% 471
27 Rlnelslr 01% 01 011
2 Ron Fell T A T 5a 81 80% 80'
26 Son Psrlflr Term . 71 70% 701
13 Ron Psrlflr rrt 4? 78% 78% 78?
12 Ron Parlflr rf* 4s. 75 ?4 75 751
3 Roa Pse rot tr 4s . 70% 70% 70!
6 Roa Bwy roe 5s 82% 82% 821
9 Roa Bwy *en 4a... 56% 56% 561
15 Rtaa Oil of Cal 7a 101 ]02% 103
3 R A T Co of Am 7s 92
9 Third Aee lat 5s.. 77
22 Third Are sdj 5s .. SI % S0% Sll
1 Term A of St I. 4s 67%
4 Tide 041 Co 6%a... ?4%
8 Vaion Psrlflr 6... 90%
7 I s ParlOr 1st 4s.. 80% WJ4 80S
2 Pn Paeifle ref 4s.. 75% 74% 741
4 t'n Tank Car 7a.. 100% 100% 1001
3 I' R of 8 r etf. 4s 26
4 P S Bub 7%s. SO 99% 90% 99'
1 0 R Bobber 7s 96%
10 p R Bnbhrr 5s 77% 77% 771
1 P 8 8 Bet A M Os. 91% ..
14 C S Rteel a f Sa . 95 94 % M?
6 Utah P A Light 5a 77% 77 77*
10 Ta-C?r Chem 5s... 91
2 Va-Car Chem 7%s. 911 80% 90
1 TlrcUisa Bwy 5s. 80%
2 Wsbaah 1st &a 85 84% 85
2 Western Kler Ss.. 96%
00 W Elec A Mft 7s. 101 10fl% 1004
4 Western Md 4a 52% 52% 524
2 We-ter a Psrlflr 5s 78% 78 781
1 W Shore 4s reg... 60%
5 Wilson A Co'lst 6a 84 83 % 84
13 Wilson A Co crt 6s 78
COTTONSEED OIL*
NEW YORK, July 14.?Cottonse*
11 was Arm. Spot. 8.50a9.00: crud
.25 sales Futures: July. S.60aS SS
LUgrust, S.90a9.00; September, 9.Ill
.13; October. 9.21a9.22: November
.90aS.95; December. S.9!ia9.00; Jan
iary, S.96a9.00: Frbruary, 8.99a9.1tl
U.A.M.AOAIS WKMAWOUI
j MUlOIN' VIC? MUiOKT
INTERN/
METROI
TO STCKXBOLDSSS
LBTEHJU.T 10*11 ft
The dlr
tloo hnt Aaclar
Stock of reoord
which la tlM (Lat
dead on Pr?f?rr?
Chi* 41
vhloh It la the
with the 9% paid
present prloe on
The Boa
7ULT of oparatlo
the Corporation
fldlQOI piIQ>1 1
It* ftzod* la the
#100.000.00 of t
orer #1.000,000.
lew of the bos
txulnee* enterjr
1 mgl
lafomtloa rega
V
uu-E
<
E. L
73
4
D TRANS,
| s LOCAL ~[
e *** ???-?
? ma *
rotM.c iirmi s*. $1,000 at m. (i ooo
h ? K I' ?%
*" ? ,',1, U' CM?U1 Tract boa. 71
Stan*1 Tncti'"' x> "* *i. uuiT id
, Ktetrlrt Niihul tuk I at 17?.
4 "Tin CALL?
H u'^^l Tr*c0o?. w at 07
* it a s., ti.uoo ?t at, $i,?oo
* Gaa TKl >1 000 al 144 11 lv4.
tl.iui at 104. T- *1J
? *" luaa, ? u ] per ran.
K
Mm.
14 Pohiic VtUltiM.
4 Amer T aad Tel 4. ?
1Bwr Tel aM Tei 4-?i ml m
?*"' I?1 ,Dd *" rtl u fa
A?er Tel and Tal caaol tn% y7%
J Aa?C.tla l"vUWc M ....
14 AaaM.il. .ad p?, ^
C aad P Tr epkoae Sa M7
Ld Ga. aad KIm #?...*
4 Col <ia? aad Elec deb 5.
14 Capital Traction R M b k?t; 4,71/
??x ?? * h,%
.eurx'luara Gaa lat !m .. "
MetrvpoUtaa It B 3a M
Potoa.ac EU* u Sa ? "
4 Potomac Hec coaa Sa 15 M
Potomac Klec power 6> MU M
4 Potomac Elec Pow GH a. N M
Wart, Alex aad lit V Sa
Waah, Bait, aad Am Sa
WaaMactoa Gaa Sa 7? Tt
?..hu?ton Gas 7>4. 10)
Waeb lty aad Klec 4a ?1U 12
Wart Br aad Klec G M K% MM
Mltnallaaaaaa
D C r.per Jiff 4a
(4 Kiln Realtr Sa (loaf)
4 Mate Healtjt Sa tahoetl 43
4 **, 8tfe aad Safe Dep ?. _. "
Wart Market Sa. 1917 -,3
4 Wart llarket Sa. 1447.. ?
W II Cold Stora*e-Sa ?
STOCKS. .
Amer Tel aad Tel.^. |^t
Amer Tel aad T*1 rta a.
Capital Tract loa Ma ?,
Columbia Gaa aad K.ec ..
4 Latter. Lt aad Puel
4 Waaklactoa Gaa iiti
& X aad W Steamboat 177
?aah Rr and Elec com -m 40
4 Wart Br aad Klec pfd 57 00
Wart. Halt,, aad Aa com
4 Wart. Balto aad Aa pfd
4 Wash Va Rr com * I
14 Waal Va Br pfd .. " ,
14
ki Rational Banks.
American i?i
Capital ;; j5!
4 Columbia 1T5 ;; ,
lommert-ial
District ;; ,70'* ;;
Farm and Mech Nat Bank 21.", 22T>
* rsr-1 ,io '
Ut?rty 120 ,
Lincoln **
National Metropolitan 213 II i
Ri?**
its
6 I Waskinfton 1?0 "*
Tr?Mt Companies. '
4 A?*r Rec and Trust 2^1 226
Contlaealal Trust urn |?>4 <
* i NmIiunal Ha? and Troat 276 280
,Haab Loun and Irust 235 *75
i I Sarin** Banks.
J Cowmerc* and 8a?in?a.. J3J .. ,
? Ka?t Wash Rar Bank 12*4
* Merchiiti Bank 147
J He? Kas and Com Bank an.', 280 '
fc j*CTe?tk Street Ka\ in(? Bank 130
* Union Savin^a 112 |
* C 8 Saving* Bank 2?? II i
J ! Wa?binrton Uecbanica 23
Firs Iniurance.
Arlington Tire Ins * i
Corcoran Fire Ins 113
s Kircmeu > Kire Ins 194
Amer Fire InKuraace 230
Nat Union Fire lna... 7% ? '
Title Zasnraaoa.
* Columbia Tltla las 4^ ..
6 Heal Eatate Title Ia? 73 .. 1
Kisoellaneoui Stacks.
Col. Grapbopbone com 5 6
, Col Graphopbone pfd.. .. '
D. C. Paper Mfg Co . 75
^ D C Taper pfd .. ,
t Greene Caaanea
March Trans and Storage 120
Merg^nthalac Uaot> |* 117^ 11SS
Old Datch Market com - .. A
Old Datrb Market pfd 7
leanMon Monotype 73 74
^ | Security Storage aou
h See Stge 4 Safe Dep |
% Washington Market 24 2*
*Ei -di*
Boston Mining Stocks.
; Ah meek 48 ..
I I'.oaton Rleva ted 64 ..
l.Caraoa Htll Mia 12?4
Copper Range 32^
* Gardner Motor 12V 12 l.'\
> Franklin 1%^
k Island Creek 22', 22 22
. I Swtft 4 t)a f*\
. Macn ss\
I Centura Oil 17 ic\
' Waldorf 20 .. .. I
1
* MM LSSmce 4
wet MiSteCNT I star *[ MAft4*ca
mONAMgp&teE C0RPI
POLITAN BANK Bl
waskR^^^J. D. C.
KiSCS CORP (RATIOS
40tors of tlx* International Flaaaoe
4 ? dividend of $3.00 4 share on Q
Jalj SI, 1921, pajvklo on loroabor
* for p^aent of th4 n4xt Mad-aam
d Stock.
vldand of $2.00 par ahart on tha Co
Intantloo to declare eeail-aaanalljr,
an the Prafarrad, plaoaa oar atodk
a 10* baala.
rd of Slraotora looks back orer the
n ?lth ?ll aat 1 afact Iob. It fa
haa Mra than Ratified thm faith a
a lta sentgMailt by the pabUa ?blo
aBUrFTlao. Starting with a total
oaloaaa, tha Oaavaajr today haa a bo
00. e? future la partloolarly hrl
ad that la being aada for lta aerrl
laaa throoghoat tha ooemtry.
ad to bo able to give yon thle faro
rdlzg the progreaa af year Oaafiaay.
Toara rary truly,
K
FISCAL ACETTfl
STOCK & COMPA
wvifrawrr aBrrwirca ?
4 Fifteenth Street Northw?c
1 ?1 1 ? ACTION^
NEW YORK STOCK 3<i
EXCHANGE TRADE*
ATSTANDSTBjL
Professional Activity Noticeable
in Few Favored
Issues.
CALL MONEY AT6?4%.
* '
Steels and Motors Again Sold,
While Foreign Oils Lose *' '
Previous Gains.
NEW YORK. July 14.?Aside from
professional Activity la a few issdes
business on the stock rirhiatt cam*
practically to a standstill Btee] an!
motor shsres were again sold and
foreign ails lost part of yesterd^v'a
Cains. Toward the close rails were
practically unchanged while fractional
losaea predominated among
Industrial a. Call money, which
opened at I per ceat. again reached
during the laat hoar.
Kirtssfe.
Trading In exchange waa dutt.
with prices displaying a heavy tone
Sterling reacted 1% cents to
French francs were off > points at
7 ?JSi rents and Oerman marks
plelded 1 point at 1.31 cents It "Is
increasingly clear that sterling's recent
depreciation has been due to
ordinary commercial causes Heavy
buying of grain becaaae of Kuro'pean
drought and better purchasing
of other raw materials as a rerult
of the Britiah strike settlement have
been active factora. At the aame
time, our decreased purchasing of
European goods has contributed to
a relative scarcity of dollars. One
corrolary of the shrinkage ol out
foreign trade Is Mkely to be a decrease
In the Importance of K?s'
Tork aa a world market for ex
change. Thus it Is reported that-the
New Tork prlcea on the currencies
of a number of the amaller continental
countries are now baaed
simply on the Uondon quotations
whereas the msrket until lately had
been made on this side of the water.
Kaitlaad iask statement.
With the usual nominal change in
bullion holdings, the Bank of England
statement shows a transfer of
about CI. 150.0011 in notes from circulation
to reserve. Deposits, on the
other hsnd. are greater by Ct.
so that the proportion of rrm->>
has Increaaed from 11 ? per cent to
only 12.2. Under the circumstances.
and with the prospects for increase.]
demands on credit as a result of fall
baying and the coal strike settlement,
the bank's decision to maintain
its < per ceat discount rate l?
perfectly natural. There Is much to
support the view that the season of
year at which a further reduction
m discount rates might be expected
has passed. Many competent observers
In England believe, in fact,
ftat the fall is likely to sec s higher
rather than a lower rate. Certainly
any diveraion of credH to specwa
tlve purposes which is after all. what
many of the cheap money advocate*
really have In mind, would be followed
by restrictive measures An
the part of the banking authorities.
Foreign
Exchange
ItMfkt mm Soil Go.
Wt Traaafera. real
Rfaltlaacea. Uttrvs
of Ootftt.
THE WASHINGTON LOAN
AND TRUST COMPANY
900 F St. 61S 17th St
" W -00
???u? c L*net . t asTCMCijoa
3 RATI ON
JILDINO
?
CorporaiTmi.
?1 dirt- "
a
OS.
together
. at Its
flrgt*
la that
ad omh
lor a*tad
of about
sInset of
ght 1* *
on
rabla
*
(y*?
r
j
K . .1
NY ' i
? i
.
