Evening star. [volume], December 31, 1921, Page 17, Image 17

About Evening star. [volume] (Washington, D.C.) 1854-1972

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NEW YORK STOCK EXCHANGE
Received by Private Wire Direct to The Star Office.
86%
S3*
65
85
32%
Open. IJiefi. I"* Close.
AdvRumley 10% 10% 10% 10%
Adv Rumley pf... 32* 32% 31%
AJax Rubber 17Vi 17^1
Allied Chemical... 67% 67% 56%
Allied Chemical pf 103% 103% 1C3
Allis Chalmers 39% 39% 39%
Allis Chalmers pr. 89V* 89% 88%
AniAgrChein 31% 31* 30%
Am Boet Sugar.... 32% 34% 31%
Am Bosch 35 35 35
Am Can 34* 34% 34%
Am Car & Fdy pf.. 115 115 _US
Am Cotton Oil.... 21% 21% 21?
Am Druggists.... 4% 4%
Am_Hlde&Lea... 13% 13% 13%
Am Hide & Lea pf. 58% 68% 68%
Amice 82% 83 82
Am International. 41% 41% 41 ?
Am Linseed 81% 31% 30
Am Locomotive... 108 108% 107%
Am Safety Razor.. 4% 4% *
Am Ship & Com... 6% 6% 6
Am Smelting 44%v*5v*
Am Smelting pf... 86% 86% 86_^
Am Steel Fdy 34 34 S3-*
Am Sugar 65 51
Am Sugar pf 85 85
Am Sumatra 3A 34
Am Sumatra pf... 68 68
AmTel&Teleg... 115 115% 114'*
Am Tobacco 131*4 131* "'J*
Am Tobacco (B).. 128% 128% 12**
Am W Wks 67c pf-. 17% 17% 17*
Am Woolen 81% 82% ?>%
Am Zinc & Lead... 12% 13% I2V*
Am Zinc & Ld pf.. 36 36 S3
Anaconda 60 60 49^
Asso Dry Goods... 45% 45% 45V?
Atchison 93% 93 Mi 92%
Atlantic Cat Line.. 84 84% 84
Atlantic Fruit Co. 2% 2% 2%
Atlantic Gulf 31% 81% S0??
Atlantic Petroleun 25 25 2j>
Baldwin Loco 98% '-'8% 97*
Baldwin Loco pf.. 104 104 104
Balto&Ohio 84% 34% 34
Balto & Ohio pr... 62% 6"-% 62%
Beth Steel <B) 67% 6"% 56%
Beth Steel 3<:i. pf.. 106 106 106
Booth Fisheries... 5% 6% 5%
Bklyn Rapid Trn.. 6* 6% 6%
Burns Bros 117 118 11*
Butte Copper 5% 6% 5%
Butterick 31% 31* 31%
Butte & Superior.. 21* 22 21*
Caddo Oil 11* 11V4 "**
California Pckg... 70 70 70
California Petrol.. 48% 4?%
Canadian Pacific.. 120% 1*0% 120%
Carson Hill Gold... 11% 1? 11/
Central Leather... 30% 31% 30%
Central Leath pf.. 64% 65 M%
Cerro de I'asco.... 34% 34* S4^i
Chandler Motor... 49-* 49* 43?
Ches & Ohio 65* 65% 66>s
C & Estn 111 w I... 14% 14* 14*
C & Estn 111 Pf W i. 34 34 34
Chi Great V Pf.... ?% }f* }&*
Chi Mil & St P 18* ?
Chi Mil iiStPpf.. 32* S3 32*
Chi &? Northwn <>3"? 63* 'f.*
Chi & Northwn pf. 101% 101* 101 ?.
Cni R I & Pacific.. 32* 32* 32
Chi R 1 & V 67. Pf ? ? 71* 71* 70*
Chile Copper 16* ?>* 1J>*
Chino Copper 28% 28*
Cluett Peabody... 45% 47* 44%
Coca-Cola 43* 43* 43.?
Colo Fuel ? 25 1*
Col Gas 6o* 66* ?
Col Graphophone.. 2% 2% 2%
Col Graph pf 1?. J0^*
Comp Tabulator.. 68* 6b* 67%
Cons Gas of N Y... 91 91 91
Cons lntl Cal Min. 5* b* 6*
Cons Textile 14* 14* 14
Corn ProductsWVfc 97% 96%
Cosden & Co 37% 37* 37
Crucible Steel 67 ? 65*
Cuban-Ajn Sugar.. 14% 15 s 14*
Cuba Cane Sugar.. 8* 8% 8%
Cuba Cane Supf-.- 15 I6* 14r*
Davidson Chem... 61* 62% 61*
De Beers Alines.. ? 16* 16 15*
Del & Hudson 107% 107% 107%
Del Lack &Wstn.. 118* 118% 117*
Dome Mines 18* 18* 18%
Endicott-Johnson. 77% 78% 77%
Erie Yst'pf 15* **
Erie 2d pf Ijj* J?*
Famous Players.. 78% .? ?8%
Fisher Body of O pf 78 78 78
Fisk Rubber 12* 12* 12
FFeeport Texas... 14% 14% 13*
Gen Am Tank Car. 49 51 49
Gen Asphalt...-?? *>6Vi ^5%
Gen Motors.10
Gen Motors pf.... 71 71 71
Gen Mot 6% deb... 69* 70% 69*
Gen Mot 7% deb... 81% 82% 81%
Goodrich 36* 36* 86*
Gray & Davis..... 12% I2 * 12 *
Great Northern pf. 73% 73% "3*
Great Nor Ore....? 32 32 &ri
Greene-Cananea*. 27% 27% 27%
6uantanamo Sug. ? 8* 8* 8*
Gulf Mo & Nor.... 4% .4% 4%
Gulf Mo&N pf.... 15 16 15
Gulf States Stsel.. 46* 46% 46*
Harblshaw Cable. Ill
Saskel & Barker.. 78* 79* 78*
Hendee Mfg 17* 17* J7*
Houston Oil 77* 77 A 77*
SSpP Motors 11* U* 11*
Inspiration 40* 40* 39v?
Interboro Metro. ?? 1* 1% 1%
ifJTTAgrl Chem pf. 36* 35* 34%
Int Cement 27 27 27
lntl Harvester.... 82% 83 82%
lntl MerMarine... 14* 14% 14%
lntl Mer Marine pf 65* 65% 65
lntl Motor Truck.. 26% i9 26%
Jntl" Truck 1st pf. . 73 73 73
lntl Truck 2d pf... 67% 67% 67%
lntl Nickel 12 12* 11%
lntl Nickcl pf..... 66 66 65
lntl Paper 63 ?3 62%
Invincible Oil.... ? 14* 14% 14%
Island Oil 2* z* **
Jones Tea 37* 37* ?6%
Kansas City Sou.. 23* 23% 23*
Kansas C Sou pf-.. 62% 62% 62%
Kansas & Gulf Co. ? 6* 7% 6%
Kelly-Spring Tire. 43 43* 42*
26* 26* 26*
Keystone Tire..... 17* 17* 16*
Kresge CS S)...... 174 174 172
Lehigh Valley.... 67 67% 67
Lima Locomotive. 97* 97 % 97*
Loews Inc........ 13 13* 13
Loft Inc 9* 9* 9*
Lorillard 151* 151* 160*
Louis & Nash 109* 109* 109*
Manati Sugar 30 32 % 30
Manhattan Elev... 36% 3T 36*
Manhattan Shirt.. 33* 33* 33*
Market St prior... 35* 35* 35*
MarlandOU 26% 26% 26*
Martin-Parry 21% 21% 21%
Mathison Alkill... 21* 22 21*
Maxwell (B........ 14 14 13%
Mexican Pete..... 114* 114* 112*
Middle States Oil.. 13* 13% 13*
Midvale Steel 27 27* 27
Minn &. St L (n)... 6% 6% 6%
MoK&Twi 9 9 8%
MoK&Tpfwi... 26 26 25*
Mo Kan & Tex..... 1 1% 1
Mo Kan & Tex pf. ? 2% 2* 2%
Mo Pacific 17* 17* 17
Mo Pacific pf 45* 46* 46*
Montana power... 64 64* 64
Mont Power pf 101 101 101
Montgomery Ward 13* 13* 13*
Mullins Body 19* 20% 19%
Natl Acme........ 10% 10% 10*
Natl Biscuit 126% 126% 126%
Natl Biscuit pf.... 114 114 114
Natl Cloak & S pf. 67 67 67
Natl Enameling... 36* 36* 36*
Natl Lead 86* 87 86*
Nevada Copper.... 15% 15% 14*
NT Central 73* 73% 73*
N T Chi & St L.... 63 ?8 63
NY Dock 31 31 30*
N Y N H & Hart... 12% 13 12*
NYOnt& West... 20* 20* 20*
Norfolk Southern. 9% 9% 9%
Norfolk &Wstrn.. 97* 97* 97*
North America.... 44* 45 44*
North American pf. 39 89 39
Northern Pacific.. 76% 77* 76%
Kunnally Co 11% 11% 9%
Ohio Body & Blow. 11* 11* 11*
Oklahoma Prod... 2% 2% 2%
Orpheum Circuit.. 14* 14* 14
Otis Steel 10% 10* 10*
Owens Bottle 26% 25% 26%
Pac Development. 6 8 6
Pac Gas & Elec 63* 63* 63*
Pacific Mail 11* 11* 11*
Pacific Oil 47* 47* 46*
Pan-Am Pete 63% 63% 61*
Pan-Am Pete (B). 48% 48% 46*
Pennsylvania 33% 84 S3*
Penn Seabd Steel.. 9* 9% 9*
People's Gaa 63% 63% 62
Peoria & Eastern. 11% 11% 11%
Pere Marquette... 19* 20* 19*
Pere Mrq prior pf. 65 66 65
Pere Marq pf 51 61 61
Phila Company... 32* 32* 82*
Phillips Jones.... 100 105% 100
l'hlUlps-Jones pf... 90* 90* 90*
Phillips Petroleum 33* 13* 33*
Ol>on. High. Low. Clo?.
Pierce-Arrow 13% 13% 13Vj 13%
Pierce-Arrow pf. .32 32 81 83
Pierce Oil lift 12% 11% 12
Pierce Oil pf 71V4 72 71 71
Pitts & W Va 26 25 25 25
Pond Creek Coal.. 15% 15% 15Vi 15'-4
Pressed Steel Car. 65% 66% 66% 66%
Producers &Ref... 29% 30 29% 30
Public Serv of N J. 67 67 67 67
Pullman Co 108Vi 108% 107% 108%
Punta Alegre.;... 30% 33% 30% 83
Pure Oil 3g^ 38v, 38v4
Railway Stl Spr... 97 9gvi 97 98V4
Ray Con Copper... 15 Vi 15% 15 16
Leading 73 w 72V4 73
Heading 1st pf 44^4 44yi 41V, 44%
"emingtoii Typr.. 24% 25 21% 25
Repiogie Steel.... 27 27% 27 27%
Rep Iron & steel.. 61 61% 51 6194
Rep Iron & stl pf.. 86% 86% 86%
Rep Motor Truck. 8 8 7% 8
Royal Dutch 50% 61 * 60Vj 50%
s>t Joseph Lead m? 13% 13 13
q?t ??a"fran--- 2l^? 21% 21 21
at L, & ban Fr pf... ^Vt 36V4 36Vi
at .Louis Southwji. 21 >, 21W 21% 21%
at Louis Sown pf.. 34 34 34 3?
Savage Arms llVi. 11% 11% 11%
oaxon Motors 2* 2% 2%
Seaboard Air Line. 3 3 3 3
Seaboard A Lpf... 4V4 414 4% 4%
sears Roebuck 64% 66% 63Vi 64V.
be,neca Copper.... 22 23 22
^nattuck-Arizona. 8 yA 8Vi 8*4 8V4
Sinclair Oil 21Vi 21?* 21% 21%
sioss-faheffleld 36W 37 36V4 37
So I orto Rico Sug. 42 43 42 43
southern Pacific.. 79 79% '.8% 78%
Southern Railway. I8H1 18V,, 18 18%
Southern Rypf... 48 4^ 4tt 46%
Standard Milling.. Ha 115 115 115
Stand Oil of Cal 97 as Mi 97 t8%
Stand Oil of N J... Ha na 1,52 182
Stand Oil N J pf... 1141* 114^ U4Hl h4vk
Stewart-Warner.. 24;, 24% 24% 24%
Stromberg Carb... 35V* 37 35Vj 37
studebaker 82% 83% 82% 83%
Submarine Boat... 4% ?% 4% 4%
Superior Oil 6% 6>? 6% 6%
Temtor Corn (A).. 4 4 3->4 3'^
Tenn Copper 10 10 10 10
Texas Company... 46)4 46% 46 46!n
Texas Gulf Sulphur 40% 41V? 40% 41V.
Texas & Pacific... 27 27 26% 264,
Texas &PC& Oil. 26 26% 26 27
Tobacco Prod 62 63Vi 62 6314
Trans Conti Oil... n ny^ wvi llVi
union Bag & I'apr. 70V4 70% 7u% 70Vj
Union Oil !8V4 iuvs, i8v4 l8Vi
Union 1 acific 125% 126% 125% 126
Union lacific pf... 72V, 72% 72% 72%
United Alloy Steel. 25% 25% 25% 26*i
United Cigar St pf. 105 105% 105 105%
United Drug 7U 72 72 72
United Fruit 124 124 123% 123%
United Ry Inv pf.. 20Vi 20% 20% 20%
United Retail Strs 51% 62% 61V* 62V.
U S Cast Ir P pf... 61 61 61 61
US Food Prod luVi 10% 10 10
U S Indus Alcohol. 39% 40 39 39%
US Realty 61Vj 61% 61% 61V,
US Rubber 64;j 64% 63% 54Vi
U S Smelt & Ref... 36 36 36 86
US Steel.. 83% 84 Vi 83% 84%
Utah Copper 64 64 63 63
Utah Securities... 10% nvi 10% 11
Vanadium Corp... 3i;i 31ft 31% 31%
Va-CarChem 29 29 28% 28%
Va-CarChempf... 69 70% 69 70%
Vivadou 6% 6Va 6% 6%
Wabash 6% 6% 6% 6;>?
Wabash pf A 20% 20% 20% 20Vk
Webber & Heilbrn 12 12 12 12 I
Western Pacific... 16 17 16 17 ?
WesternPacpf... 61% 61% 61% 61%
Western Cnion... 90% ; 90% 90% 90%
WesthseK&M... 60% J 60% 49% 6oV?
White Motor 39 39% 39 39V4
White Oil 10% 10% 10% lu%'
Wickwire Spencer 15V? 15% 15Hi 16% i
Wilson Company.. 28Vi 28% 28% 28%
Willys-Overland.. 6% 5% 6% 6%
Willys-Ovid pf.... ?TVi 27 Vi 27' 27 i
Wool worth 139% 139-% 139% 139%
Worthington Pmp 45 ?6Vi 45 45Vi
Wright Aero 8 8 8 8
HOURLY SALES OF STOCKS.
11 a.m 227 700 12 m 390 000
WEEK'S WHEAT MARKET
DEPRESSED BY REPORTS
CHICAGO, December 31.?Govern- >
ment crop reports that were con
strued as bearish regarding wheat, ;
and were accompanied by the failure ;
01 an important firm here, have been
effective this week in putting wheat
values on the downgrade. Compared
with a week ago, wheat this morning
was % to 2 \i* lower, corn off % to
1% and oats varying from % decline
to % ijdvance. Net changes in pro
visions ranged from 12 less to 10 gain.
Announcement of an increase of the
weekly total of the domestic visible
supply, whereas a decrease had been
looked for, preceded the government
crop reports and tended to give bears
in wheat an additional advantage.
Many traders had anticipated that the
government's 1921 crop estimate
would be enlarged, but few had ex
pected that the increase would prove
so great as turned out to be the case.
Furthermore, as a rule, the subse
quent figures which the government
gave regarding the 1922 crop took the
trade by surprise. Free selling, which
followed, included heavy liquidation
on the part of large houses, the sus
pension of which was announced
later. The best rallies of the week
were due to indications that besides
corn a large amount of wheat would
be bought for Russian relief.
Depression of corn was more or less
due to prospective increased receipts
as a result of reduced freight rates.
Bullish supply reports held oats com
paratively steady.
Provisions averaged lower with
hogs.
ALL CORN RECORDS BROKE
Chicago Receipts for 1921 More
Than Double 1920.
CHICAtKJ, December 31.?Corn re
ceipts at Chicago for 1921. with the
last week estimated, broke all rec
ords. being 184,386,000 bushels, or
more than double those of 1920.
Flour also set a new record of
1.895,000 barrels. Arrivals of -wheat
and oats were below the average, and
of barley were the smallest since
1882. Wheat receipts were 45,635,000
bushels; oats, 82,723,000, and barley.
7,728,000 bushels.
Aggregate receipts of the five grains
were 384.663.000 bushels, an increase
of 117,632,000 bushels over 1920, and
only exceeded four times in the his
tory of the Chicago market.
REVIEW OF TRADE.
NEW YORK, December 31.?Dun's
review of trade says:
"A year which has been marked by
general economic readjustment comes
to its closing with, quietness in busi
ness the prevailing condition, but with
promise of improvement to follow
While the seasonal lull has been
somewhat more pronounced than
usual, much has been accomplished in
the way of strengthening the funda
mental situation, and the outlook is
for further gradual commercial re
covery. Final estimates of crop pro
ductions emphasize the reduced pur
chasing power in agricultural com
munities, smaller yields and lower
prices having a far-reaching influence
and unemployment in manufacturing
and mercantile channels accentuates
the restriction of public consuming
capacity. The volume of retail' holi
day trade, however, was heavier than
anticipated in various places, and of
ferings of goods at more attractive
prices, which are beginning to appear
in different quarters, may be expected
to accelerate distribution. ? Weekly
bank clearings, $4,978,064,000.
PLAN FOR SURPLUS SUGAR.
NEW YORK, December . 31.?Or
ganization of the Export Sugar Com
pany, which will endeavor to dis
pose of surplus sugar supplies abroad
after refining it in the United States
is said today to have been virtually
completed. It will be formed under
the Webb act, which permits combi
nations for export trade. Earl D
Babat, president of the American
Sugar Refining Company, is slated
to be president of the new cor
poration, which, in addition, to that
company, will be composed of the
Cuban American Sugar Company, the
United Fruit Company and B> N.
Howell Son & Company.
Other Financial News on Page 18.
NARROW RANGE, LOW PRICES,
DO NOT PRECLUDE PROSPERITY
Review of Trade Conditions Shows Busi
ness Sagacity and Alertness Still Es
sential to Profitable Returns.
Special Dispatch to The Star.
NEW YORK, December 31.?The first
step American business men will take
in 1922, whether they have voiced their
object even to themselves or not, will
be to regain their right to the adjective
"alert." They are convinced that busi-1
ness will experience a period of normal
prosperity in the coming year, but they
also recognize that such prosperity
must be built upon narrower margins
of profits. Reports from all over the
country indicate beyond reasonable
doubt that the United States is enter
ing a period of narrower price changes.
This narrowing range, even with de
clining prices, does not preclude pros
perity, hut thoughtful business men
realize that such conditions necessitate
real business sagacity and unceasing
activity and alertness in order to show
profitable return. The attitude of
thoughtful business leaders toward
the coming year was voiced today by
a large clothing manufacturer, who de
clared that those business men who are
alert and watch conditions closely,
adapting themselves quickly to the
fluctuations, should enjoy a most pros- j
perous year.
"In some sections of the country,
he continued, "business is even better
than during what we would term
'normal times.' If we all devote some
of our time to strict application of
right sales methods, and deliver the
right -kind of merchandise at the
lowest price consistent therewith, I
am confident we are going to enjoy a
better year, with a country as large
as ours there are always sections from
which business may be secured and
those who keep most closely alive to
conditions are the ones who will enjoy
the returns."
Advertising Campaign*.
Nothing is more indicative of the
widespread determination to go after
business and land it than the adver
tising campaigns now betng planned.
Business dispatches received from all
over the country in the last twenty
four hours indicate that advertisers
are getting ready. A recent ques
tionnaire distributed among a selected
list of national advertisers showed
that over 60 per cent intended to in
crease their advertising expenditures
and only a negligible percentage will
curtail their appropriation. They are
fighting for the lowest rates and are
making every effort to secure more
favorable terms, especially from the
magazines.
Executives in every line are whittling
at overhead with the same persistence
shown by a youngster with a new
knife operating on a cedar shingle.
Costs are being pared down and one
of the most encouraging indications
throughout the business world is the
increased personal efficiency shown by
labor.
Farmer! Have Problem.
The farmers, perhaps, face a worse
situation at the outset of the new
year than any other element of
America's industrial life. There still
remains, in spite of falling prices in
many commodities, a wide spread be
tween the relative prices the farmer
receives for his products and those
he pays for what he buys. In many
instances he is between the devil and
the deep sea, with the obligatiorf' of
paying old debts on one ?ide and the
necessity of buying new equipment
and necessities on the other.
However, increased foreign demand
and certainty that the world's sup
plies will not be as great as antici
pated are serving slowly to relieve
that situation. The reduction of 16
per cent in freight rates which must
be in effect by January 10 also are
increasing the returns to farmers on
grain, grain products and hay in the
I states west of the Mississippi river.
Slow* Market Mot Serloua.
Slowness in the market for iron,
steel and coal and copper and some
other basic commodities at this time
is not regarded as an entirely unfa
vorable indication. Trices are soft
and this has a natural tendency to
restrict the placing of orders. Rail
roads, however, have already an
nounced programs for Increasing
equipment and betterments which
will entail the expenditure of many
millions of dollars in the first part
of the coming year.
The optimism with which hard
headed financiers regard the business
outlook for the coming year may be
judged by the declaration of one of
New England's leading bankers, who
declared today that he expected to
see 80 per cent of the productive ca
pacity of the United States employed
before the end of the year which be
gins at midnight tonight.
Commodity Reports
From Various Sections
Hatlroad Equipment.
NEW YORK, December 31 (Special).
?The New York, Ontario and West
ern railroad is In the market for a
half million dollars' worth of new
equipment, which will be delivered
during the next few months.
Machinery.
SPRINGFIELD, Mass., December 31
(Special).?The Hendee Manufactur
ing Company, makers of the Indian
motor cycle, has practically com
pleted negotiations to sell the Harley
Davidson company, which it owns, to
New York and Philadelphia railroad
interests. The price named is 1825,000.
Clothing.
FORT WORTH, December 31 (Spe
cial).?Clothing salesmen who had
been withdrawn from this territory
by eastern firms because of the slack
demand for clothing have begun to
return to this field and are finding
some business.
Frnlt.
SAN FRANCISCO. TKcember 31
(Special).?Europe is buying apples
heavily in this market. One steamer
recently took 300,000 boxes to Eng
land and continental ports and an
other vessel now is loading 150,000
cases. Demand is strong and prices
are moving upward.
ou.
SHREVEPORT. La., December 21
(Special).?The bringing in of new oil
wells in this section is stimulating
exploration operations all over the
northern part of Louisiana and south
ern Arkansas. Twenty-four new pro
ducing wells were brought in this week
Harmman&Co.
MEMBERS:
Ne w\&rk Stock Exchange
til Broadway, New \ork
Washington Office
COLORADO BUILDING
Telephone Main 1603
G.B.Chipman
Manager
and twenty-flve last week, with only
Ave failures in the two weeks.
Textile*. %
BOSTON, December 31 (Special).?
According to the experts of the First
National Bank of Boston, the edge is I
off the demand for textiles for the time
being both in woolen and cotton goods.
Clothing:.
CHICAGO, December 31 (Special).? j
Makers of all kinds of wearing apparel
in this district are working on new de
signs, new materials and new prices, i
There is a good demand in some lines
and jobbers are planning vigorous cam
paigns.
Coke.
UNIONTOWN, Pa.. December 31
(Special).?Several independent opera
tors have continued their last quarter
coke contracts for thirty days, while
others have arranged for continued
shipments, with the price to be settled
later. Bi-product coal can be pur
chased at $1.10 f. o. b. mines.
HOUSTON, Tex., December 31 (Spe
cial).?About a million pounds of wool
in storage here has just been sold to
northern consumers. This closed out
the supply of the Mohair Growers' As
sociation here. This practically cleans
up the 1921 Texas clip.
Notes.
OTTAWA. December 31 (Special).?It
s calculated that the purchasing- power
?f the farming communities of Canada,
which comprise nearly half the popula
tion, have been cut in half by light
rops, poor market conditions and dam
ige to crops before threshing in the last
year.
The pulp and paper business, which
iias been an invaluable buttress of Can
ada's economic life for the last six years,
s still the dominion's best industrial as
<et, but the decline in both price and
demand has hit this industry hard. The
umbering, textile, shoe manufacturing
md paper industries are reasonably ac
tive at the close of the old year, but are
still far from normal.
STATEMENT OF BANKS.
Call for Beport Will Be Issued
Early Next Week.
Call for the condition of national
banks as of the latter part of this
month will be issued early next week
by Controller of the Currency Cris
singer, it was indicated at the Treas
ury today.
Under the law, officials explained,
five such calls are made annually and
four only have been made this year.
The controller, however, is al
lowed five days of the new year in
which to issue the final call of the
old year.
DROP IN LIVE STOCK.
Chicago Trade Shows Lowest Fig
ure Since 1915.
CHICAGO, December 31.?Business
in live stock in Chicago for 1921 ag
gregated $443,906,000. a reduction of
$332,085,326 from 1920 and the lowest
since 1915. Chicago received 16.731,800
head of live stock during the year, or
999.762 head more than in 1920, esti
mating the last two days' receipts.
Chicago packers slaughtered 12,032,
500 head of live stock in 1921, an in
crease of 449,000 head over 1920.
Shipments of live stock from Chi
cago totaled 4,896,000 head for 1921,
an increase of 551.284 head over 1920.
BANKERS ARE OPTIMISTIC
OVER YEAR'S PROSPECTS
NEW YORK, December 31. ?Busi
ness prospects for 1922 are, in gen
eral, hopeful, according to statements
by prominent bankers, made public
today by the American Bankers' As
sociation.
"The future of business and finance
in the United States is encouraging,"
said Thomas B. McAdams, president
of the association. He emphasized
the importance of this country in
teresting itself in the problems of
Europe, in order that American pros
perity may be maintained. He said
that, although some leading politi
cians and newspapers opposed extend"
ing aid to Europe at this time, "fu
ture prosperity depended on the way
financial America Answers the call."
"The time for anxiety seems to be
entirely past and the middle of 1922
should see recovery well established,"
declared John C. Lonsdale, president
of the National Bank of Commerce,
St. Louis. "All of the things neces
sary to commercial betterment seem
to have been set in motion, so that
1922 should see the beginning pt the
era of our greatest and most golden
prosperity."
Prosperity among our farmers, man
ufacturers and merchants is directly
affected by the unsettled condition of
finance and politics in Europe, ac
cording to J. A. House, president of
the trust company division and
Guardian Saving and Trust Company,
Cleveland. "This must be remedied,"
he added. "It is apparent, also, that
strikes for higher wages are certain
ly not iiv keeping with the present
order of things. Labor must bear its
fair share in future deflation."
John S. Puslicher, vice president of
the American Bankers' Association,
said the trend was towards easier
money rates, and there was nothing to
indicate that this would not continue.
"It is our belief," declared R. S.
Hecht, president of the state bank
division of the American Bankers' As
sociation. "that we will not again
have real prosperity in this country
until some kind of economic restora
tion has been accomplished in Europe
and a stable basis for international
trade worked out."
DIVIDENDS.
Stork of Pay
Record. able.
Rush Terminal Co., s.-a., $2.50.Jan. G Jan. 13
Rush Terminal Co., $2.50
stock Jan. fl Jan. 15
Rush Terminal Co., s.-a.
pf., $3 Jan. ? Jan. 15
Rush Terminal Ruilding Co.,
q . pf.. $1.75 Dec. 31 Jan. 1
Lima Locomotive Works, q.,
pf , $1 75 ..; Jan. 16 Feb. 1
AUDITING
And closing the books for the year, ntatements
showing true condition of your business and
tax returns prepared by certified public ac
countant. Address Rox 309-H, Star office. "?
EQUITABLE
Co-Operative Building
Association
Organized 1879
42d YEAR COMPLETED
AftiieU 94,365.396.73
Surplus $1,111,632.96
Save While You
Earn
?Make up your mind to save
something each payxlay and watch
it grow.
Subscriptions for the
82d Issue of Stock
Being Received
Shares, $2.50 Per Month
4 Per Cent Interest
EQUITABLE BUILDING
915 F St. N.W.
JOHN JOY EDSON, President
FRANK P. nKKSIDE. See'y
LOANS
If you have money to in
vest we can safely place it on
gilt-edge first D. C. Mort
gages. Our record of 30 years
insures your protection. Cour
teous treatment.
Percy H. Russell Co.
S.W. Cor. 15th & "K" SU.
Money
In Any Sum
Our connections locally and
In other cltle? enable us to fur
nish money in any amount for
Washington Real Estate En
terprises.
Stone & Fairfax
1342 N. Tf. Ave. M?i? S4S4
BIRD & CO.
BROKERS
Stocks, Bonds
821 15th St.
Main 3160?3087
No Lot Too Large
No Lot Too Small
Direct Private Wire to
Ogden D. Budd & Co.
(Eitabllwhed 1885)
* New York City
Full Service
Over a
Quarter
of a
Century
Without
a Loss.
Wise Spending
Money spent for lux
uries and imagined necessi
ties is gone, itever to re
turn.
But money "spent" for a
good, sound investment
like our 7% First Mort
gages is not only returned
to you at a designated
time, in the meantime
earns for you a steady and
satisfactory return.
" In amounts of $250 and
up.
B. F. SAUL CO.
Mortgage Loans
1412 Eye St N.W.
Main 2100
The American Security Takes
An Interest in Its Customers
Interest in its customers is re
sponsible for the success of the
American Security, more than any
? other .one thing.
It is very gratifying to the offi
cers of the American Security to
find that customers know a real
interest is being taken in them. The
affairs of the man who has a small
account receive the same degree of
interest as do the affairs of the
customer whose account is very
large.
If you, too, want a banker who
will take a real interest in your
affairs, open an account in the
American Security at ONCE.
3% Interest on Savings
American Security
and Trust Company
15th and Penna. Ave.
HOME SAVINGS BRANCHES CAPITAL AND SURPLUS
7th and Mass. Ave. $5,400,000.00
8th and H Sts. N.E. Safety Deposit Boxes
436 7th St. S.W. _ $3.00 Per Year
Money to Loan
We are in t position to fire you the
Dest service fn real loans. Money now on
'land for either straight or building loans.
Shannon & Luchs
m. 2345 713 14th St
l\Mi a? MM aa. m
kiix NOTES
First Trusts
Exclusively
Conservative
Valuations
6y2% Interest
Giover & Flather.
l-, 737 Fifteenth Street
Ql r
Money to Loan
Secured by first doed of trust on ? eal estate.
Prevailing interest and commlsf'on.
Toseoh T Weller 4M w"8h- L * Tr,,,t
jumtjju vvcncr tJd|f 9th and F n w
"Our"
First Mortgage
7%
"INVESTMENTS" can be se
cured now in amounts of
$250 Up to $10,000
Th* only absolutely safe form of
inventraent yielding such a liberal rat?
of interest.
The same courteous, prompt and
efficient consideration given to all In
vestor*.
Certified Certificates of Title ac
company each note without cost to in
vestor.
Chas. D. Sager
923 Fifteenth St. N.W.
Main 36?Loan Dept.
At the End of the Rainbow
?they found only disappointment,
ised "a pot of gold."
They had been prom
A promise made should be a promise kept. Likewise,
an investment should mean more than the mere expendi
ture of money in an unknown project. It should combine
safety and revenue.
The income return on a Phillips 7% First Mortgage
is more than a promise?it is an established fact. The
investor not only receives his interest promptly when due,
but his principal back in full at maturity.
In denominations of $100, $250, $500 and upward.
Investigate our mortgages. Write, phone or call for
booket "A" which explains every detail. It's FREE.
WILLIAM S. PHILLIPS
First Mortgage Investments
1409 New York Avenue Main 98
This Is Important to You
The NATIONAL MORTGAGE AND INVESTMENT CORPORA
TION, of which Mr. H. Rozier Dulany is president, has been in
successful operation for four months. It is meeting in a practical
way the building and housing needs of the District of Columbia,
and is making very attractive earnings on the money employed
in its operations. *
Washington has heretofore been without an established discount
banking institution to standardize discounts and provide a ready
agency for dealing in real estate securities based upon second as
well as first trust mortgages.
The National Mortgage and Investment Corporation supplements
the splendid general banking facilities of Washington. Other
business as well as that of the builders is benefited by the release of
money tied up and dormant in second trust notes. Institutions
doing a general banking business will be benefited by a stimulation
of business through building operations, which multiply and give
activity to bank accounts.
Investments in the National Mortgage and Investment Corpora
tion are safe and profitable. The character of the management
insures continued and growing success, with steady increase in
value of the investment, which accrues to the benefit of the stock
holders all alike.
' - A portion of tho Stock of the National Mortpape ami Investment
Corporation is beinjr offered at the same price paid by the officers
and directors. Subscriptions are received by the Hughes Finance
Corporation. 141S 1 Street Northwest Phones. Main SS3 and 80+.
The First City of the Land
The National Capital has become the meeting
place of nations and a center of international in
terest. Never before has Washington loomed so
large in the eyes of all the world.
Its property values are the assured values of its
unassailable position as the First City of the Land.
Our First Mortgage Notes on that property alTord
you the soundest possible investment.
Swartzell, Rheem & Hensey Co.
- 727 15th Street N.W.
Washington, D. C.
The Nation's Home Town.
52 Years Without Loss to an Investor
Safe
Deposit
Boxes at
Moderate
Rentals
Deposits
Inz'itcd
in Any
Amount
Same
Rate of
Interest
Paid on
Large and
Small
Accounts
Capital and Surplus
$2,000,000.00
Making Good
Resolutions
Won't Get You
Anywhere
Unless You
Stick Right to
Them'
?throughout the new year and those
following. Agree to bank something
steadily; start THIS PAYDAY; keep
at it and the dawn of another new year
will gee you well on the way to finan
cial independence.
If This bank has been paying interest
to an army of satisfied depositors
(now numbering over 41,000) for over
half a century and is anxious to give
you the advantage of its service.
OFFICERS
WILLIAM D. HOOVER President
WOODBURY BLAIR First Vice President
FRANK W. STONE. ..Second Vice President
FRANK STETSON Trust Officer
CHAS. C. LAMBORN Treasurer
E. PERCIVAL WILSON Secretary
FRANK R. ULLMER. .Asa Sec. & Asst. Treas.
National Savings & Trust Co.
55th I (Oldest Savings Depository in Washington
Year I I Cor. 15th and New York Ave.