Evening star. [volume] (Washington, D.C.) 1854-1972, January 24, 1923, Image 23

Search America's historic newspaper pages from 1777-1963 or use the U.S. Newspaper Directory to find information about American newspapers published between 1690-present. Chronicling America is sponsored jointly by the National Endowment for the Humanities external link and the Library of Congress. Learn more

{
                  title: 'Evening star. [volume] (Washington, D.C.) 1854-1972, January 24, 1923, Page 23, Image 23',
                  download_links: [
                  {
                   link: 'https://www.loc.gov/rss/ndnp/ndnp.xml',
                   label: 'application/rss+xml',
                   meta: 'News about Chronicling America - RSS Feed',
                  },
                  
{
    link: '/lccn/sn83045462/1923-01-24/ed-1/seq-23.jp2',
    label: 'image/jp2',
    meta: '',
},
{
    link: '/lccn/sn83045462/1923-01-24/ed-1/seq-23.pdf',
    label: 'application/pdf',
    meta: '',
},
{
    link: '/lccn/sn83045462/1923-01-24/ed-1/seq-23/ocr.xml',
    label: 'application/xml',
    meta: '',
},
{
    link: '/lccn/sn83045462/1923-01-24/ed-1/seq-23/ocr.txt',
    label: 'text/plain',
    meta: '',
},

                  ]
                }

Evening star. [volume], January 24, 1923, Page 23, Image 23
About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

Image: of 30.

Page

All Pages

Issues

All Issues Text | PDF | JP2 (6.4 MB)

Evening star. [volume] (Washington, D.C.), 24 Jan. 1923. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1923-01-24/ed-1/seq-23/>

Newspaper Page Text

$11,234,MADE
BY WESTERN UNION
t ;
Net income Equal to $11.25
, Per Share —Trust Company
' i Officers to Confer.
In 1922. with December estimated,
the Western Union Telegraph Com
pany showed a net income of sll.-
234,126, after charges and taxes, equal
to $11.25 a share on the $99,786,727
capita] stock, compared with $9,633,-
'■ SOB, or $9.65 a share. In 1921, and
$13.33 in 1920.
Thq report shows the company's
inherent earning power and ability
to reflect any improvemr.nt in gen
. oral business throughout the coun
try. Earnings over the last three
years indicate that the company has
little reaction to depressions. The
telegraph has become an Integral
part of the country's business, and
in various lines of industry where
it was formerly little used It has Ire
come a necessity.
In 1922 the company did a grosk busi
ness of $107,031,000, as compared with
5105.228.074 the previous year, and $122.-
. 473.685 in 1920. The 1922 business was
accomplished with $74,165,446 charged
in taxes and expenses against $76,331,294
ihe previous year. Thus, while gross
business was $1,803,535 greater, ex
penses were actually $2,166,848 less,
without reduction in wages.
The 1922 report Includes two new de
ductions- employes’ income participa
tion and a charge of $2,000,000 for cable
development.
Preston Vice Presldent-
At a special meeting of the board of
directors of the Washington Gas Light
t'ompany yesterday Ord Preston was
, elected vice president of the company.
’ Mr. Preston has for many years
been a resident of Washington, and
wince 1910 a member of the board of
directors of the gas company, repre
senting not only his own Interests,
but those of the Paclficus Ord estate.
He is also a director of the Union
Trust Company of this city, the Se
curity, Storage and Safe Deposit Com
pany of Norfolk. Va., and of the Se
curity Storage Company of Richmond.
Va.
Owing to the illness of Hoivard S.
Tleeside. who has been ordered away
from the city by his physician. Mr.
Preston will be the acting president
for the time being.
Thomson to Lecture.
Eliot H. Thomson of the Washing
ton Loan and Trust Company will lec
ture and hold a quiz on "Carriers and
i Bills of Lading." before members of
• the commercial law class. Washing
ton Chapter. American Institute of
Banking, tomorrow night.
The beginning of the series of talks
on "Negotiable Instruments.” by
Raymond B. Dickey, which was re
ported in The Star to start tomor
row night, wil not begin until Thurs
day night. February I.
Merger Testimony Suspended.
Testimony before the Interstate
Commerce Commission on possible
mergers of western railroad systems
which may result from the plan of
the government for general railroad
< onsolidations was suspended tempo
rarily yesterday, but will be renewed
|on dates and at places which the
< ommisslon will announce later.
Hale Holden, president of the Chi
• a go, Burlington and Quincy, and J.
F. Gorman, president of the Chicago.
Lock Island and Pacific, were among
the witnesses heard at the final scs
s on.
New Vault Nearly Completed.
v The new safe deposit vault of the
Potomac Savings Bank, which has
been under construction for the past
year, will be completed and readv for
use February 15, builders of same
bave assured the officials of the bank.
The vault, which is said to be one
of the most handsome and strongest
in the city, is sixteen feet square on
the Inside, having 1,500 boxes, with
provision being made for an addi
tional 3.500. if needed. The walls of
the vault are three feet thick, with
150.000 pounds of interlocking
"H” steel reinforcements. In all, the j
vault is Inclosed by four steel wails,
presenting the most modern devices j
, used In comating fire, theft, etc. It 1
is located on the ground floor of the j
institution at the north end.
V Trait Companies to Meet.
Officers of the Washington trust j
companies are planning to attend the I
fourth midwinter conference of trust j
companies, to be held under the aus- |
pices of the trust company division I
••f the American Bankers’ Association |
at the Waldorf-Astoria, New York, '
February 15.
The purpose of the conference is ■
■'sated to be to afford an opportunity !
:o consider several definite phases of !
i rust company business, to secure and 1
give help to problems mors or less J
common to all corporate fiduciaries (
and to make the personal acquaint- j
ance of officers and department heads
. actually directing or operating vari
■ mis trust company activities.
Rumpus Howling Success.
3o great was the demand for copies
of the Saturday Night Rumpus,
the snappy magazine edited by Thom
as W. Brahany and his corps of as
* slstants for the Joint dinner of the
District bankers and Stock Exchange
members that offers of $5 a copy were
freely being made In the financial dis
trict today.
Extra copies had all been gobbled
up In a hurried fashion after those
unable to attend the banquet had
heard of their contents, and Eugene
Thompson immediately telephoned
Frank Might, manager of the Willard,
to please ask cleaners to save any
• derelicts” that might be found in
the sweepings.
v Washington Stock Exchange j
HALES.
Capital Traction Bs—ssoo at 97$*, SSOO at J
97%.
Washington Rwy. * Eire. com.—lo at 69 s *. |
IO at «»%. 10 at 69’4.
Washington Gas Light—lo at 3*14. 1 at
5714. 10 at 371*. 10 at 5744. 10 at 57. 10 at 67.
Lanaton Monotype—lo at 70. 10 at 70. |
AFTER CALL.
Capital Traction 6s—sl,ooo at 97%. SI,OOO
al 9744-
Bw.v. A Elec. 4a—slo,ooo at j
Money—Call loans, 6 and 6 per cent.
BONDS
Bid and Asked Prices.
PUBLIC UTILITY.
Bid. Asked. I
Ainar. Tel. A Telga 4s 91% 92 I
Amir. Tel. A Telga 4%s 101%, 105
In. Tel A Tel. ctl. tr. 5s 08% 99
Am. Tel. A Tel. conv. 6* 115** 11644 I
Anaroatia and Potomac 5a..... 88 j
Anacostia and Potomac guar. Ba. 88 ..... |
i besapeake and Potomac Tel. ss. 97 i
i: A P. Tel. of Va. Ba 93 94%
capital Traction K. B. Ba 9754 97% ;
City and Suburban Ba 84% 88 i
'Georgetown Ga* Ist 5a 80 90 j
Vetropoltan R. R. 5a 8T ..... f
I’otomac Elee. Ist 5s 97 97%
I’otomsc Elec. cons. 5s 97*4 97%
I’itomac Elec. deb. 6* 100
Potomac Elec. Pow. g. in. fls... 99% 100
Pot. Elec. Pow. e. n>. A ref. 7a. 10644 107%
Wash., Alex. A Mt. Ver. 65.... 23
Wish., Alex. A MU Ver. etfs.. 22
Wash.. Balto. A Annap. 5s .... 78% 7744
Washington Gas 6s 94 95
Washington Oaa 7%* 103% 10444
Wash. Bwy. A Elec. 4s 724? 72%
' Wash. Bwy. A Elec. g. m. 85... 9944 100
MISCELLANEOUS.
T). C. Paper Mfg. 6s 80
Riggs Realty Ba (long) 93
Riggs Realty Ba (short) 98 .....
Security Storage A Safa Dcp 6s. 05
Wash. Mkt. CoUJ Storage 8a.... 98 .....
Wardmaa Park Hotel 6a 10% 10144
STOCKS
PUBLIC UTILITY.
American Tel. A Telga 122%
lepital Traction 103% 106
Washington Gas *5644 67
Norfolk and Wash. Steamboat.. 193
Wash. Rwy. A Elec, com 69% 70
Wash. Bwy. A Elec, pfd 784* 7644
.Terminal Taxi com 75
Terminal Taxi pfd 864* .....
NATIONAL BANK.
Capital 198
< olumbis 223 .....
Commercial 148% 145
instrUu. 170 180
FINANCIAL.
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star Office.
BY WILLIAM F. HEFFGRNAN.
NEW YORK, January 24.—Interest
on the curb exchange during the
greater part of the session today con
tinued to center In the Durant Is
sues, as was natural following yes
terday’s sensational happenings.
The Delaware stock opened at 6 9 44,
down a point, and dropped off to 6844
Then followed a recovery which car
ried It back to 72. This India shares
I closely followed that fluctation in
the Delaware stock,
j When It became evident that the
i support was not as effective as had
.been figured on a fresh selling move
-1 ment set In. under which the Durants
broke again sharply.
Hayes Wheel failed to make up Us
loss of the -previous day and he'd
around Its closing prices, while
Stutz acted in a like manner.
Goodyear issues were feature* In the
NEW YORK, January 24.—Follow
ing Is a list of today's highest. lowest
land 2:45 prices for the most active
j bonds and stocks dealt In on the New
, York Curb Market;
! Sales in BONDS.
1 thousands. High. Ijow. 2:4.t.
1 Alum 7s new '33..., 10B T « 105% 105%
3 Am T*T 6» '24 10D4 101% 101 4»
14 Anaconda sis 101% 101% 101%
9 Anaconda 7s "29 103*4 103% 103*4
2 Anglo-Am Oil 714a.. 103*4 103% 103%
27 Armour A Co 75.... 10544 105% U>s%
1 Atlan O A W !SS os 52 52 52
305 Beth Steel 7s '23.... 105% 104% 105%
1 « Beth Steel 7» , 85 103 102% 102%
5 Can Nat Rv Eq 7«... 110 110 HO
. 5 Can Pac rts 101% 101% 101%
1 Cent Steel 83 1074* 107 44 1074*
2 Con Gas Balto 7*.... 100 106 100
5 Con Gas Haiti 6s A. 102% 102% 102%
2 Deere A Co 7%« 103 103 103
3 Itetrolt City Gas 6«.. tot 100*4 100%
12 Detroit Edison 6s .. 1034* 102% 103%
2 C.alr Roht 7s 98% 95% 98%
5 Grand Trunk 6%*.. 105% 105% 105%
Z Gulf Oil 7s 103% 103% 103%
1 Gulf Oil of Pa 5a.. 97 07 07
3 Kan City Pow Lt 5s 89% 80% 80%
3 Kennecott Copper 7s. 104 104 104
1 Laclede Gas 7s 101 101 101
1 I.lbhy McN A L 7».. 101% 101% 101';
2 Mg Win Ley R K 7s 103% 103% 103%
27 Louise GAE 5a 00% 00% 00%
3 Manitoba Prod 7« .. 08% 08% 08%
0 Nat Cloak & Rt Ss.. 106 106 106
10 Nat Leather 8s 101% 101% 101%
1 Nat Acme 7%e 06% OS’* 06%
42 N Y Chgo St. I. 6s c 100% 100 100
3 Pub Serr of N J 75.. 104% 104% 104%
6 Shawsheen 7s 104% 104% 104%
6 Sheffield Farms 6%* US) 100 100
ISON T7s '25 .... 104% 104% 104%
t B O N T7s '26 105% 105% 105%
10 S O X Y Is '27 106% 116% 106%
5 s O N Y Ts ’2B 107 106% 107
28 0 X 77" ’3l 1094* 109 100
3 Silrey et Cle 8« ... 105% 105% 1*5%
24 Southwest Bell 7s .. 102% 102% 102*4
1 Sun Oil 7s 101% 101% 101%
15 Swift ACo 5* 02 91% 92
2 Unit Oil Prod 8»... 100% 100% 100*4
5 Unit Ky of ll*v 7%» 106 105% 106
2 Vacuum OH 7s 107% 107'* 107’*
FOREIGN BONDS.
3 Argentina 7s "23 100% 100% 100%
1300 Hamburg 4%* .... 12 10 10
30 King of Netb'ds 6» 98% 98 98
35 Mexican Govt 65.... 32% 52% 52%
2 Republic of Peru Bs. 97'* 97% 97%
2 Rus Gov cf* 5%5... 10 10 10 1
19 Swiss Gov 5%s 103% 103% 103%
2 U S of Mcx 45... 37 37 37
Sales STANDARD OIL ISSUES.
in units.
800 Anglo Am Oil 18 17% 17%
85 Buckeye P L 90 89% PO
SO Crescent Pipe Line. 44 44 * 44
20 Eureka Pipe Line.. 105 105 105
100 Humble Oil A Ref.. 34% 34% 34%
10 111 p L 169 168 169
50 Imp Oil of Can 110’, 110% 110%
2100 Inter Pet Co Ltd.. 21 20% 20%
! 30 Magnolia Pet 161 161 161
I 100 Nat Transit 27% 27% 27%
i 20 N T Transit 131 131 131
| 50 Prairie CM! A Gas.. 227 225 227
J 100 Prairie Pipe Line .. 110% 100 109
j 50 Southern P L 104 104 104
1 18500 S O Ind 62% 60% 60%
! 600 SO Kv new 9u RS% 88%
i 2100 SONY new 46% 46 5 , 46%
j 10 S O Ohio 298 298 208
! 10 S VV Penn PL.... 68 08 68
2000 Vacuum (Ml new... 45'* 44% 44%
Sales INDEPENDENT OIL STOCKS,
in hundreds.
1 Ark Nat Gaa S'* S'* S%
6 Carlb Synd B 4% 4%
44 Cltica Service 181 170 179
1 Cities Service pfd.. 68 68 68
2 ( It Serr •■B" ofa.. IS 18 18
130 Creole Synd 4% 4 4
1 Equity Pet pfd ... 14% 14% 14%
150 Engineers Pet .... 22 20 22
28 Federal Oil 97 95 95
0 Gilliland Oil 4 3% 3%
38 Glen Rock Oil ... 1% If* Ift
7 Granada Oil 2 2 2
33 Gulf Oil of Pa.,. 60 58 % 59
100 Keystone Hanger .. 32 32 32
5 Kirby Pet 2% 2% 2%
30 Lance Creek 3 3 3
2 Latin Amer Oil .. 65 65 65
57 Lyons Pet 96 95 95
13 Mammoth (Ml 63% 52% 52%
2 Mariand 2% 2% 2%
R Maracaibo Oil »%• 9% »'*
3 Margay Oil 1% 1% 1%
I 3 Merritt Oil 9 9 9
29 Mex Oil 93 90 93
60 Mldwest-Tex (HI 14 13 13
4 Mountain Producers, 17 16% 17
52 Mutual Oil 12% 12% 12%
10 Noble Oli A G»s... 27 27 27 ”
I SO Omar Oil A Gas 1% 1% I*'
! 20 Red Bank Oil 13 15 15
13 Salt Creek cons ... 10% 10% 10%
2 Salt Creek new .... 20% 20** 20%
I 9 Sapulpa Befln ..... 3% . 3% 3%
20 Seaboard Oil 3% 3% 3%
j 32 Simms Pet 13% 12% 12%
j 910 Southern PAP. 13 9 11
( 23 Sou States Oil 16% 15% 16
j 145 Tev OH A T,and.... 69 67 67
( 24 Turmsn Oil 1 .98 .98
, 247 Wilcox Oil A Gas.. 8% 7% 7%
i 60 "X” Oil 12 11 11
INDUSTRIALS.
I 33 Acme Coal 67 61 64
40 Acme Pack 27 26 26 *
20 Brit-Am Tob Co cou 20 20 20
27 Buddy Buds 1 1 .* 1 !
1 Ct Century Ribbon Mill 26% 23% 26%
18 Chicago Nipple .... 3% 3% 3%
% Colorado Pow A Lt. 22 22 22
41 Cox Cash Stores .. B»* 4% 4*l
10 Cuban Dom Sugar.. 6% 6% 6%
1 Davies W A 33 33 33
44 D. LA W Coal ... 83% 83% 83%
0 Dublller C A Radio. 6 5%. 8
151 Durant Mot 72 65% 67
40 Durant Mot of Ind. 22 19% 20
9 Federal Telegraph.. 6% 6% 6%
1 Gardner Mot 12% 12% 12%
44 Gillette Safety Raa 276 273 275
It Glen Alden C0a1... 65% 64 64
11 Goodyear Tire 12% 1214 12%
22 Goodyear Tire pfd. 42% 39% 40
26 Goodyear Tire pr pf 86 80% 85%
t Great Weat 8 new 77 77 77
1 Great Went Bug pf 105% 105% 105%
18 Haye# Wheel 3844 38 % 38
3 Heyden Chemical... 2% 2 2
3 Hudson Co pfd .... 16 16 16
4 Lake Tor Boat pfd. 244 1% 244
% Lehigh Val (Mai... 90 90 90
1 Lucey Mfg 14% H»i 14%
11 Mercer Motor 3% 3% 3%
39 Mercer Mot rot cfa 3 2% 3
4 Mesabi Iron 10% 10% 10%
3 New Fiction Pub Co 7% 7% 7%
5 Phoenix Hoalery .. 43 41% 41%
3 Prlma Radio Co ... 89 89 80
! 53 Radio Corp 3% 3% 3%
10 Radio Corp pfd ... 3% 3A 3A
4 Repetti Candy .... 1% 1% 1%
10 Bo C* I 32 32 32
3 Btiit* Motor 22% 224* 22V*
3 Technical Prod 8% 8% S'*
2 Timken Axle new.. 10% 10% 10%
1 Todd Ship 56% 56% 56% 1
6 Unit Retail Candy.. -5% 5 5%
2 United Pft Bha new 5% 544 5%
1 4UB Lt A Heat .. 1% 1 A 1A
6US Lt A Heat pfd 1 I 1
4U 8 Dlstrlbut 25% 25 23,
j 3 Willy* Corp Ist pfd 8 8 8
MINING.
1 50 Am Commander Mi 10 S 8
110 Big Ledge 3 2 3
10 Bison Gold 23 25 23
5 Canarlo Copper .... 2% 2% 2%
1 310 Candelaria Min 36 34 33
I 110 Columbia Emerald.. 34 30 30
1 20 Combination Faction 2 2 2
11 Cons Cop Mi tem cf 3% 3% 3%
10 Cork Province Mine 15 13 15
[ 227 Cortez Silver 1/* I,V 1A
I ... .i
Fannera and Mechanic!’ 240 .....
Federal-American 190
! Liberty 127
Lincoln 235
National Metropolitan. 232 250
1 Riggs 550
Second 180 185
Waahingtoa 193 210
TRUST COMPANY.
American Security A Trust...-. 283 290
Continental Trust 90 05
Merchant!’ 127 140
National Saving! and Tru5t....*295 325
Union Trust 143 150 !
Washington Loan and Truat....*3lo 325 j
SAVINGS BANK.
Commerce and Saving! 180 .....
East Washington Savings 17
Security Bar. and Com 240 250
Seventh Street 175
United State* 270
Washington Mechanics SO .....
FIRE INSURANCE.
American 220 .....
Corcoran 100 .....
Firemen’s 18 .....
National Union S
TITLE INSURANCE.
Columbia Title 8
Real Estate Title 120
MISCELLANEOUS.
Columbia Grapbophooe com 2% 3
Columbia Grapbopbona pfd 11 12%
Merchants' Transfer and Storage 100
Mergenthaler Linotype 175 177
Old Dutfh Market com 2% «
Old Dutch Market pfd 1%
Lanaton Monotype 79 79%
Security Storage 220
Washington Market 39
Yellow Cab 8%
THE EVENING STAR, WASHINGTON, I). C. WEDNESDAY, JANUARY 34, 1923.
first half session, the preferred reach
ing a new high record, hut subse
quently reacting, while tho prior pre
ferred gained a half point.
Goodyear common also went slightly
higher. At their meeting Tuesday
Goodyear directors authorized retire
ment of $9,902,500 of the prior prefer
ence stock, leaving a total amount
outstanding of $20,000,000. Provision
was also authorized for the sinking
fund of $2,500,000 for Goodyear de
bentures on March 15. Standard Oil
issues appeared heavy in sympathy
with the movement of the oil group
on the stock exchange.
Professional operations were re
sponsible for reaction In Cox Cash
Stores, which broke over a point. A
block of 1,000 American Bnusn To
bacco coupon changed hands at frac
tional advance. Fortuna Mining fea
tured the mining: section with a sharp
break of almost 30 points.
y 10 Crown Beserre ... 35 So
Ilf Conn 75 *•*
TO Divide Extension .. 13 13 J®
2 Dryden (told tU) 69 ™
1200 Emma Silver 4 3 ♦
450 Eureka Croesus ... 37 31 34
63 Fortuna Mines .... 62 26 *0
60 Coldfield R| W Mine 3 . 2 3
:.l) Coldfield Ons 10 10 \0
I 40 Coldfield Develop .. 14 13
6a> Coldfield Deep Min 24 21 -1
872 Coldfield Florence.. 61 55 59
•IW Coldfield Oro 5 4 4
10 Cold Zone » 9 g
310 Hardshell Min 9 6 8
18 Hill Top Nevada .. 1*» IU }'*
8 ITowe Sound 3 3 3
80 Independence Lead. 37 34 34
30 Iron Bloasom 30 2H 28
80 Jumbo Kxtcns S 8 Jj
SO T/one Star 77 *
30 Marsh Mines 6 6 6
70 McNamara Cre* I>. 5 4 5
100 Morlnjrton Mines ..1 I 1
70 National Tin 30 26 26
9 New Dom C0p..... SVh _3
S New Jersey Zinc... 172 172 172
ISO New York Porcu.. 4-S 30 32
I 40 Nevada Ophlr 16 15 16
I 10 Nevada Silver Horn 2 2 *2
6 Niplaslnff 6 544 6
40 Ohio Popper ...... 45 43 43
22 flay Hercules Im*. . l‘ n « 1 *4 P 4
| SO Red Hill Florence.. 5 4 4
I 10 Ilex Cons 5 5 5
HO Richmond Copper .. 25 23 25
HO Sandstorm Kendall. 4 4 4
150 Silver Q Min Corp. 41 40 40
j 140 Silver Mines of Am 25 23 24
10 Simon Silver 35 35 35
SSo Am Cold &, P.. 3S: 3% 3 *
40 Spearhead Cold ... 11 10 11
j 50 Stewart Mines .... 8 77
34 Success Mines .... 62 60 62
10 Superstition Mines. 5 5 5
7 Teok Hughes ...... 00 9‘» 90
16 Tonopah Divide ... 72 71 71
13 Tonopah Exten .... 3*',j 3 1 ’* 3%
10 Tonopah Midway .. 12 12 12
3 Tonopah Min 2% 2 ! ti 2V*
2 Trinity Copper .... Its IS 1
HI Tuolumne . 55 52 53
105 Tolled Eastern .... 2 !v# 1 s*«
10 P S Continental ... 20 20 20
1! West Knd Consol... 1 » 2 1. c
20 White Caps 6 6 6
10 Wilbert 77 7
DRAFT COPYRIGHT LAW.
Printers and Authors to Propose
Kevision to Congress.
NEW YORK. January 24. —Plans
j for revision of the United States copy
t right law to permit this country to
| join the International Copyright
j Union have been completed at a con-
I ference here of the International
I Printing Trades Union and the
1 Authors’ Ueague of America and its
various guilds, it was announced to
day.
Changes in the law have been em-
I bodied in a bill which shortly will
j be presented to Congress, it was said,
) The new draft already has been sent
to the International Union in Bern,
Switzerland, it was said.
| BUYS OUT DISTEEL WHEELS.
| CHICAGO. January 24.—The Motor
Wheel Corporation of Lansing. Mich..
! manufacturers of wooden wheels for
) automobiles.-riias purchased from the
■ Detroit Pressed Steel Corporation of
Detroit, the trade mark, physical as
sets and good will of Disteel wheels,
It is announced. The Motor Wheel
Corporation also manufactures Tuaro
steel wheels.
RUBBER MEN ON TOUR.
NEW YORK. January 24.—The dele
gation representing the British rub
ber industry, here to survey American
demands and to fix prices, has left
New York to inspect plants in Tren
ton, N. J.; Akron, Ohio, and other
rubber centers. Conference with
American manufacturers will be re
j sumed on Its return.
|
BAR SILVER PRICES.
LONDON, January 24.—Bar silver.
32 11-16 pence per ounce. Money. 1%
per cent. Discount rates, short bills.
2 per cent: throe-month bills, 2%a
i 2 3-16 per cent.
NEW YORK, January 24.—Foreign
bar silver, 67%; Mexican dollars. 51%.
LOFT SALES GAIN.
1 NEW YORK. January 24. —Sales of
Loft. Inc., during the quarter end
ing December 31 last aggregated
$2,103,776, compared with a total of
$3,038,375 in the three months ended
December 31. 1931.
PROPOSALS.
COMMISSIONERS, D. C.. Washington, Janu
ary 33, 1933.—Sealed proposals for furnlablng
and delivering 500,000 red face or pressed
brick* for the Langley and Maefarland Junior
High Schools, heretofore advertised to be open
ed on February 19. will be opened on January
29. 1923. For specifications and Information
apply to room 320, District building. CUNO H.
RUDOLPH. JAMES V. OYSTER, CHARLES
KELLER. Commissioner*. D. C.
DEPARTMENT OF THE INTERIOR. WABH-
Ington, D. C.. January 11, 1923.—Sealed
proposal* in duplicate will be received at the
department until 3 o’clock p.m.. Tuesday.
February 6. 1923. fur the erection and comple
tion of laboratory and Isolation buildings at
Saint Elisabeth's Hospital. Washington. f>, C.,
in accordance with the drawings and specifica
tions for the work, copies of which, with form
of proposal, may be had upon application to
the department. A certified check in the sum
of twenty five dollars ls2s.<kt), payable lo the !
order of the Secretary of the Interior, will be
required as a guarantee for the safe return of i
each set of plans. The right is reaerved to
reject any and all blda, waive technical tie- !
feet*, and to accept one part and reject the
other aa tfie interests of the government may 1
require. Proposals must he securely envel- '
oped, marked "Proposals for erection of lab- ]
oratory and isolation buildings at Saint EHxa- 1
i belh’s Hospital” and be addressed to the Sec- ;
retary of the Interior. Washington, D. (.'. i
F. M. GOODWIN’, Assistant Secretary.
ja!5.17,22.24
MOVING. PACKING & STORAGE I
UNITED STATES STORAGE CO. I
MOVING. PACKING. SHIPPING.
PHONES: M. 4229. F. 2425. FIREPROOF, j
cleaS - , bar store for furniture' ans 1
pianos. Estimate cheerfully given. Conven- 1
lent location. WESCHLEK'S. 920 P*. ave. n.W.
Phone Main 1282.
REMEMBER!
You Can Always Taka Advantage «f
Connection Rates With Us.
RED BALL TRANSIT CO.
National Household Movers.
4 Woodward Bldg. Main 2162. _
MOVING
KRIEGSKxIPRESS
PACKING VSHIPPING
MM * t. *W. iUia «s!>. I
I
Packing, Shipping, General Hading. *
First-class service—Reasonable rates. |
1454-49 U Street N.W. Phono N. ss4«.
PHOUTE
north
104
SEPARATE ROOMS, $1
_ Local and Long Distance MOVING,
By rarefal West. Bates Reaeonbiile.
PACKING BY EXPERTS. Goods insured
93,000 while in ouv long distance vatu.
HUDSON VOTES REGULAR
AND EXTRA DIVIDENDS
Same Payments Declared as Made
in Last Quarter—March 212
Day of Becord.
By the Associated Press.
NEW YORK, January 24.—Directors
of the Hudson Motor Car Company
today announced the declaration of
an extra dividend of 25 cents and the
regular quarterly dividend of BO
cents, payable April 2, to stock of
record March 22. These are the same
payments as made In the preceding
quarter.
BROKER FIRM’S LOSSES
PLACED AT $252,500
By the Associated Press.
KANSAS CITY, Mo., January 24. —
Tho loss of Houston, Flble &
Co., brokers, who suspended opera
tions December 18. were placed at
$252,500 in a report filed today by
Thomas H. Reynolds, former receiver
in the federal court here. He placed
the known liabilities at approxi
mately $5,700,000, and the assets, ex
clusive of accounts receivable and
individual property of the firm mem
bers. at $5,447,500.
A notation In the report stated *’No
recent loss of large amount” and at
tributed loss of the company’s cap
ital to suspension of Its membership
on the New York Stock Exchange.
GOODYEAR TO RETIRE
$9,902,500 IN STOCK
By the Avioclated Prcaa.
NEW YORK. January 24.—Directors
of tho Goodyear Tire and Rubber
Company have voted to retire $9,902.-
500 of prior preference stock, leaving
ihe total outstanding of $20,000,000.
Provisions also were made for a
sinking fund of $2,500,000 for company
debentures on March 15.
The stock authorized for retirement
cancels accrued dividends of $1,585,000
to January 1, 1923. This retirement,
together with bonds already re
deemed, means that the company on
March 15 will have retired approxi
mately $4,750,000 In bonds and deben
j tures. This, with the prior prefer
| ence stock, makes a total retirement
of $14,652,300 of securities created
and issued at the time of the reor
ganization.
OIL DIVIDEND VOTED.
Standard of California Declares 50
Cents Per Share.
SAN FRANCISCO. January 24.—A
dividend of 50 cents a share was de
clared by the board of directors of
the Standard Oil Company of Califor
nia. payable March 15. to stockholders
of record February 20. here today. The
rate of 50 cents a share Is equivalent
to the rate of $1 per share paid prior
to the company's recent 100 per cent
stock dividend.
KEESGE’S REPORT FOR 1922.
NEW YORK, January 24. The
forthcoming annual report of the K
S- Kresge Company for 1922 is ex
pected to show gross sales of approx!,
irately $65,000 000. compared with
$55,000,000 in 1921. and net profits of
about $5,200,000. against $3,402,032 in
1921. After allowance for preferred
dividends the balance available for
the common stock will be about S3O
a fchare. compared with $20.25 a share
earned in the previous year.
7%
“\\ e will ’
—have ready for delivery in about
ten days a limited amount of
Gilt Edge First Mortgages
7%
Investments
In Amounts of $250 Up
Make your reservations now
The opportunity to get your
savings invested on a basis of
Chas. D. Sager
923 Fifteenth St. N.W.
Main 36 Loan Dept.
RENTS
Let us manage
your Rental Prop
erty. Over a Quar
ter of a Century
Experience.
B. F. SAUL CO.
1412 Eye Sb N.W.
Main 2100
We Have an Abundance of Funds for
Real Estate Mortgages
at Sy 2 %
Provided the Security Is Satisfactory
Wm. H. Saunders & Co.
1433 K Street N.W.
Out of the Large Number of People Who Know
How to Save* Few Know How lo Invest
FIRST TRUST NOTES
as issued by us, will be found to be a safe and
sure method for the inexperienced investor.
Consult Our Loan Department
[Shannon • &• luchS)
713 14th Street Main 2345
FISHER BODY PRESIDENT
ADMITS NEW FINANCING
Announcement Also Made of Retir
ing of du Fonts From Board
of Directors.
j NEW YORK, January 24. —Reports
1 of a contemplated issue of new stock
jhy the Fisher Body Corporation.
I which resulted in a sensational drop
of 38 points In Fisher stock on the
New York Stock Exchange yesterday,
were confirmed by Fred J. Fisher,
corporation president.
Mr. Fisher also announced retire,
ment from the Fisher board of di
rectors of Pierre H. du Pont. Irenee
du Pont, Lamotte du Pont, John J.
Raskob, Alfred P. Sloan, Jr., J. A.
Haskell and C. 8. Mott, all of whom
are directors of the General Motors
Corporation.
It was felt wise to relieve them
of serving on both hoards, the state
nifent said, because of the fact that
so great a part of the Fisher out
put is sold to General Motors.
The personnel of the Fisher board
now includes Fred J. Fisher, presi*
dent; tlharles T. Fisher, vice presi
dent; U Mendelssohn, secretary; Wil
liam Butler, controller, and W. A.
Fisher, L. P. Fisher, E. F. Fisher and
A. J. Fisher.
Lady Elizabeth Angela Marguerite
Bowes-Lyon, the bride-to-be of the
Duke of York, is the daughter of the
Earl of Strathmore, who owns a num
ber of Scotch and English peerages.
The ancestral home of the earl Is
historic Llarnls Castle in Scotland.
LOANS
If you have money to
invest, we can safely
place it on gilt-edge first
D. C. Mortgages. Our
record of 30 years insures
your protection. Courte
ous treatment.
Percy H. Russell Co.
S.W. Cor. 15th & “K” Sto.
First Trust
Notes
W r Have for Immediate dell%'-
ery gilt-edge notes In denomi
nations of S2.VI. *SOO nnd »1.000.
secured hy first deed of trust on
n beautiful nn* building lo
cated near 19lh and Belmont
St*. S.W.
We can highly recommend
these notes as a sound, eon
servatlve Investment. The rate
of interest.ls exceptionally
good nhen the location of the
proper! , the character of the
improvements and the high
margin of snfety is taken into
consideration.
Vr will ylndlii furnish full par
ticulars to interested parties.
Moore & Hill, Inc.
1420-22 H St. N.W.
Commercial Business
Executives
Is your flnsnrisl ststement simplified so
ycu und.rstsnd the oxsrt financial condition,
both actual and future earning abilityl Are
you in doubt or hesitate when discussing
financial requirement* with your banker 1 Do
yon know what line of credit your statement
justifies asking the banker for and getting I
Are you getting the credit accommodation
your business justifies 1 If not. consult an
expert with broad seasoned experience in
handling small and largo finance. Conserva
tive, effective advice and assistance rendered.
601-605 Star Building. Dept. 2. Main 2243. *
Banks and Estates
We maintain a jj
special service for
banks and estates
that has proved valu
able to an increasing
number.
We will be glad to
explain the plan in
detail on request.
Graham. Parsons & Co.
Pniudhtnia New York
Washington
40S nibbs Bldg.
i
Telephone: Main 28SS
I . i
I EQUITABLE I
Co-Operative Building
Association
Ornalwd IST*
4M YEAR COMPLETED
Amti (i«S7«WM
Snrplas |l,lßt^Boji
Systematic Saving
A plan to make saving easy—
Save a little each pay day and
you will be surprised at the
amount accumulated in a short
time.
labieriptlfßi for the
84th Issue of Stock
Belas Received
Shares, $2.50 Per Month
EQUITABLE BUILDING
015 FStN.W.
IOH\ JOY EDSOV. President
PRANK P. HEESIDE, Seey.
Money to Loan
Cecored by flnt deed of trust oo real estate
Prevailing latercat and rommiasloo.
Joseph 1. Weller gg*-& \ V™
Iloansl
W From |IOO to SHOO on D. C. real
estate and household goods or ohat
tela. T per cent interest. No bro
kerage charged.
Loan & Finance Corporation«
« Boom Sll. 921 IMb St. K.W. m
Main 6672
“Before You Invest*
INVESTIGATE”
I am authorized to
place upon the market 1
1,250 units of
DISTRICT GUARANTY i
CORPORATION
—shares. This is the
first allotment of the
increased capitalization
of that company.
These shares arc in
all respects identical
with the original issue,
participate at the same
dividend rate,and share
in the surplus.
The price of the new
units is
5250.00
—each, cash or payments.
The above price is subject
to withdrawal without
notice.
William BWestlakr
FISCAL AGENT
Washington ••• D£.
m*lf'***•!>»- T.uua«M
NO L~SS TO ANY IN VESTOR IN 50 YEARS
Invest Your Funds at
Wtth D. C. Intangible Tax
and 2% Federal Income Tax Paid
We have available several new offerings of First Mortgage
Investments at 6 x h°h interest with attractive tax-retund leatures.
They have been purchased by us with our own funds after
careiul investigation. We recommend them as thoroughly
safeguarded investments, suitable to the requirements of all
investors whose first consideration is Safety .
These First Mortgage Investments are appealing strongly to
investors who desire an absolutely safe investment with an
attractive yield. We suggest prompt action in order to secure
the amount and maturity desired.
Reservations accepted for future delivery
Denominations: $5,000, SI,OOO, SSOO, SIOO Maturities: 2to 15 years
Call, •write or phone for descriptive circulars
The F. H. Smith Company
1414-1416 Eye Street, N. W.
Washington, D. C.
Without obligation on my part, please send me information about
j your First Mortgage Investments which assure a net return of not leas
than
Name I
Street Address.
; 5
City ' |
SMITH COMPANY
• S&UmdecUQra
FIRST MORTGAGE INVESTMENTS
1414-1416 Eye Streep N. W.
NO LOSS TO ANY INVESTOR IN 50 YEARS
I $5,000 Life Policy, $43.85
**• JtiHiti rs With far lllnatntlaa.
ZatabliOad IMS. Imti over M00,000,00*
M. LB ROY GOPP
Ia»OTano»--An BrmcokM
1 Boem eie Woodward Bulldla* M. M*.
I Important Announcement |
We Desire to Announce the Appointment of
N. E. CROWELL
R. W. GUTHRIE
230 Munsey Building 4
Washington, D. C S
As the Authorized Representatives of
The Stone Plan of Investment Service
M 1. Safety of principal. ,'g;
ES 2. Surety of dividend yield. S
Bj 3. Quick convertibility into cash. ®1
m 4. Profit-sharing through permanent share in owner- ?-gi
ra ship. gi
«■ No investor has ever lost a dollar of principal or Vai
m dividends in the history of our company, nearly seven
H y #ars - £|
» H. A. STONE & COMPANY
| Philadelphia |
if .
I INVEST SAVINGS
jj‘ : ~ ~
WfHETHER you have SIOO, SSOO,
Booklet SI,OOO or more to invest, invest!-
Will ? ate 0,,r Firßt Mort ? a e e L° an9 011 Wash.
_ _ _ ington Homes before placing your
Help funds.
pTace NEVER A LOSS
Your Our conservative business methods I
Mo V have so perfectly protected and safe
n r 1 guarded the funds of our investors that
Safely not a single client has ever lost a dollar
«ifi of principal or interest on any invest- I,
■ I ment purchased through us.
awu - Send for Selected List
t
We will be pleased to send you full if
I information concerning our first mort
gages and our methods of handling
i 1 j ,hem
—— 1 6 1/2% and 7% Interest
1 Convenient Denominations
Write for It
WllllA^.^ilL!PS~
First Mortgage Investments
1409 New York Ave. Main 4600
I I
v i x a x c i a r:.
MORTGAGE MONEY,
on band to loan on real ««tat«.
I THUS. E. JARRELL Wo^:M d *
23

Evening star. [volume], January 24, 1923, Page 23, Image 23
About Evening star. [volume] (Washington, D.C.) 1854-1972

Connect with the Library

Find Us On

Subscribe & Comment

Download & Play

Questions

Evening star. [volume], January 24, 1923, Page 23, Image 23 About Evening star. [volume] (Washington, D.C.) 1854-1972

Connect with the Library

Find Us On

Subscribe & Comment

Download & Play

Questions

Evening star. [volume], January 24, 1923, Page 23, Image 23
About Evening star. [volume] (Washington, D.C.) 1854-1972