The Washington times. [volume], June 14, 1921, FINAL EDITION, Image 16

About The Washington times. [volume] (Washington [D.C.]) 1902-1939

Image provided by: Library of Congress, Washington, DC

                
USNESS. AN F N
Benefitof t
Neady 1,0061000,000,
t pi7 envelopes of workers i
e the United States despite
t wag seales established du
Wrpeiod.
Acording to a. survey -z
Abard,'$112 a naouth now is
'wrkers. Approximately 9,(
pI ed in manufacturing plal
bialoyes throuhout the United.
go$e a ruelving- higher wages. d
spti veduotion in - scales,- than over
In the history of the .country.
lug to Government lvesuga
In many trades the. wage scales up
to-the trot of the year ranged more
the 106 per *eat above the pre-war
fssldAud. It If shown in a canvass
moe by the Department of Labor. At
the same time the purchasing power
*t the dollar is net far from the pro
War standeK especially as regards
fiI4. which takeq about "d per cent of
i-inoome of the average American
tamtly.
WAG= VEILL OD,
IndustrWi workers, therefore, are
enjoying wages which in general are
double.umeeff the war period, despite
redeoUbse already effected as a re
oit of agreementes between employee
&d .eiployers
Aecording te ,the Federal Reserve
Np49s' survey, the average wage of
the industrial Worker a year age was
$If a weeQt, as compared with a-$25 a
week slow. Th)s shows a reduction of
$2 0 week, or 7 per cent.
: The Federal Reserve Board's survey
cotqted mor them 1.000.000 workers in
manufactoring plants In all big cities
of'the United States, and is taken to
be Indicative of the condltions govern
ing all workers in the-country. The
total number of persons available for
industrial pursuits for. the entire
esutry new Is about 13,000.000, It is
Indicated in reports of the United
States Census Bureau. This would in
dicate that approximately 3,000,000
. persons lack regular employment .
Ueonomic signs are pointing unmi.
takably toward a revival of general
business conditions and the disap
pearance of unemployment. Of those
signs perhaps the most reliable Is
that showing the increase in the out.
put of bituminous coal ihines. Bltujnl
aeus coal production now is rangfg
gmp5 mENI SECUITIES
TM. U. KBRAAUY & 0.
Investment Securities
$10-11 Eva.. Bihr.g
Washington. D. C.
Nata 61W
I WILL SELL
241 L . Steel fEuits) ......... 160.00
Ite Antely Sy (common) e
100 Parentt Motors ............. 7.00
100 Now Petroleum (common).
101 L IL SesjnAns (common) 1.0
100 Hart Oil (new.-510 par) ...7.60
100 New Tork Oil.............. 20.00
100 Remington Pbsograph...... 7.60
10 S1tevens Deryea (units). .0
- 0 Candy Ce. o America ......1.00
64 Metrepoitas Theater (prof.) I1.00
I WILL BUY
- 30 National Gearastes Credit
Corporation.
0.Occidenta.1 Oil -Ceroratiom.
10 Uloets Motor (awts).
JAMES J. FRADKIN
Evaas Building Main 3692
Waniklaste, D. C.
Safe
Deposit situation
sern.s at become a
interest-pa:
Moderate 5J Practical
to al t
WILLIAMf
Ra~ .1 WOODBSUR
FRANIK W.
btu~t FRNK ST
E.PRCIN
em FRANK R.A
tslU Bn Woodbury
James A. 1
SmallWilliamn A.
Walter C.
- Regin d45.
.National SaviD4
ttij'ying
laod Wcage
acijuunents
nonfh now is being put into
a shops and faeteries throui,
the nation-wide r~ dstnt
ring the inflation. Mys of the
2ade by the Fedeald servl
the average pay !f4 I strII
00,000 psona now e onm
ts and shops, it is .i dioted.
around- 6.000,000 tens wMO
ing to reports t the Ge*t
v y. A few week ago the =u *
bw 4,000.041 tang a week. nc
ing coal output and cenum
means humming factories and empkiO
mot of more worker.
COAL A SAmMM
"Coal output to one of th met er
tain barometers of' industrial aetfr
ity," said George H. CuAhig". msanag
Ing director of the American While
aale Coal Association.. "When fta
torie. shut down the desand for eal
slumps Immediately ad the mine
also close, laying off workmen.
"Workmen now are returning to
the-mines In large numbers in answer
to the demand for help."
With factories reopening and unem.
ployge4nt apparently decresalng.
workera are returning to their isa.
chinee and taking up their toela .at
wages ranging not more than 215por
cent below those of 1930, even in
cases where the reductions have beto
deepest.
On this basis the average of work
ers -are far ahead of the standard of
living they maintained in 1920. LAt
fall, for instance, the hourly rate of
wages for bricklayers throughout the
United States averaged T5 per cout
above the scale paid in 1913. accord
ing to a report to the Labor Depart
ment.
More than twenty other trades then
were receiving rates of pay which
were at least 100 per cent greater than
in pre-war days. Among such trades
were building laborers whose increase
was 126 per cent: floor layers 119 per
cent. metal- polishers. 146 per cent;
molders. 135 per cent: machiasta. 100
per cent, and painters, 106 per cont.
RAIL WORK 5 ANUAD VTELI.
Two million railroad workers now
are nearly 100 per cent ahead of the
pay envelop gaw", as it was played in
1014 despite a 13. per cent wage cut
just administered by the Railroad
Labor board at Chicago. Just before
the cut, the rail workers were being
paid at a rate approximately 136 per
cent greater than before the war. ac
cording to computations on the basis
of reports to the Interstate Commeroe
Commission. The Railroad Laoer
Board removed 6400.000,000 a year
from the pay envelope, of the rail
workers. but left thereia SMA00.
which was addeq last suimer.
A 15 per cent cut in the wage, of
striking ocean-going steamship engi
neer, and seamen, to which their rep
resentatives agreed at conferences
with Secretary of Labor Davis. would
have reduced the operating expenses
of vessel owners only 1 % per cent.
according to Labor Department of
ficials.
Despite the agreement of work
era to wage reductions which to
them seem large but which fail to
apell material econorhies in the gen
eral operating expenses of the
plants in which they work, many
industries now are taking on addi
tional workers and preparing to
operate full time. This indicates,
Labor Department officials say. that
uraemployment is tending to be re
duced.
Some industries which the depart
ment discovered are employing more
and more worker. daily are leather
manufacturiea, paper and printing,
clay, atone and glass producers, au
tomobile plants, and railroi shops.
Jobs now are becoming more and
more plentiful in many of the big
cities including, according to the
Labor Department records, Denver,
St. Paul, Bayonne, N. J.; Seattle;
,New Bedford: Mass.: (Irand Rapida
Atlanta and Indianapolis
Capital and Surplus,
$2,000,000.00
Does Vacation.
Time F'xd You
Finacially
Unable to Have
a esnt efrom
your mind to remeody the
before another summer
lepositor forthwith at this
ring bank.
y any stan will begin an
this old bank, which offers
41,000 depositors the same
service and friendly counsel
OFFICERs
D. HOOVER.........Prehid4ent
YRK.IR..tret Vie. Prealtdent
S NE... Second Vice Presnident
ETOON...........Trust Ofmier
~AM3ORN. ......... ..Treasurer
'AL WILSON........Secretary
[LLDIER Asat. see'y & Amat. Treas.
DIR ECTORS
Blir i H. Preacott Glatley
luohanan WIliam D). Hoover
H. Church Victor IKaufrmann
"liphane Charles MInshall
Con Frank W. Stone
Edmenaten WIlliam H. Walker
Huldekeper Henry K. WIllard
s& Trust Co.
mg Depository in Waahington
15th md New Ya.k Amn.
ORUIYMNKERS
SM-1flS
somut
JORKt p. JARBN, President.
J03MA ITS V*U wrat vis presi
dent,
1-4ABtT Y. MATNUS sepend vice
preslddent
VICTOR I. D"T353, secretary.
ALg*RT , G ATLY,- trasuor.
WHITU DULP1WX UPRINGI, W.
Va.. June 14.-John B. Larner. presi
dost of the Washington Loan and
Trust Comngay, was elected prooi
dont of the District Bankers' Asso
elation today at the morning sesioni
of the convention of bankers. which
began at 31 o'clock. in the ball room
of "The White."
Joshua Evans, vice president of the
Riggs National Dank, and second vice
preSident of the association for the
PSt year. was mAde first vice presi
dent, and Harry V. Hayes. presi
deat of the Farmers and Mechanics
NU iat l Bank and secretary of the
organisatlon. was chosen second vice
ter A. Doyber, recently elected
de4nt of the Second National
ak, was mAde secretary for the en
suing year. and Albert S. Gatley,
c40ider of the Lincoln National Bank.
Wae re-elected treasurer.
Meera, Larner. Evans, and
Kayne were also included on the
coucil of administration, together
with Francis 0. Addis. Jr., vice presi
dont of the Security savings and Com.
1ereigl p'Dank; E. U. Herrell. vice
president of the Merchants Bank, C.
C. Lamborn. of the National Savings
and Trust Company; and George l1
Starkey. of the National Bank of
Washingten. All were recommended
to the convention by the committee
on nominations, headed by M. D.
Rosenberg, president of the Bank of
Commerce and Savings.
EVANS OPUNs 55513.
Second Vice President Joshua
*vans was in the chair at the open
ing of the session. After the invo
Cation had been pronounced by the
R1ev. Father O'Doherty. of St.
Charles' Roman Catholic Church.
George 0. Walson, president of the
Liberty National Bank, read a paper
on "What Membership in the Ameri
can Baskers' Association Means."
Frank J. nogan was unable to at
tend on acoWUnt of business In Wash
ington. His subject was "Hampering
Busi"ess by Too Many Laws." and in
a letter exprepsing his regret at not
being able to attend he declared that
"some day intelligent America will
awaken to the folly of hampering
busineed progress by a multitude of
laws which present not only insolva
ble questions of construction, insur
mountable difficulties of interpreta
ton but baffle industry even to And.'
REPZAL WAR LEGIBLATION.
In his summing up Mr. Hogan said:
"Roughly, I would suggest that every
business man in this country make it
his individual, and, with others.
their collective, business to: first, ad
vocate the repeal of all war-time re
strictive legislation; second, assist
with intelligent suggestion to bring
about a comprehensive, uncomplicated
tax revision, which, while providing
reasonably adequate revendes for the
Government, will be less burdensome
on business, cease penalizing thrift.
and stop robbing capital of that in
centive to invest without which we
cannot progress; third, help in out
own institutions by seeing to it that
no business practice shall be per
mitted which offends good moraUty.
square dealing, and best of faith to
the public, to wage earners, and to
competitors. A proper consideration
of these elements will necessarily re
suit in a policy that will bring that
which every business man has a right
to expect: namely, a fair return to
the Investor."
At this point the convention t.O
a recess when the program calls for
the convening of the members of the
American Bankers' Association.
A vice president for the American
Bankers' Association for the District,
will be named to succee4d M. D. Rosen
berg, while a member 'WUl be chosen
to serve on the nominating com
mittee, as well as an alternate mem
ber and vice presidents for the
Distrilt for the trust company, sav
ings bank, national bank and State
bank sections will be chosen.
This session being closed the Dis
triot AssocIation will reconvene and
the newly elected officers be inducted
into off ice, and adjournment be taken.
This afternoon a baseball gamns
will be played and' Corcoran Thorn.
vice president of the American Se
curity saadTrust Comepany, and Eara
Gould, president of the Wtashington
Mechanics' Satings Blank, will play
the finals In the tennis matches.
At the family dinner last evening
merriment reigned immediately af'.
ter Preident Robert N. Harper be
gan - his address.
Hie pointed to many of the "won.
derful" things he had accomplished
during the past year and suggested
that the bankers should give him a
suItable reward.
WALSON RESPONDI.
George 0. Weison, of the Liberty
National Bank, responded on behalf
of the association. He was present
ed. with a miniature bull.
George O'Connor sang a number of
song. with Mrs. Watson playing the
piano accompaniment, after which
John Floyd Cise, presented the
prize won in the' various golf con
tests.
Mrs. 0. fl. tvans won the ladies'
putting contest while the consola
tions went to Mrs. F. V. Killian and
Miss Riordon. Mrs. Herbert Shan
non won a special prize for the most
hles in one stroke.
In the fourball foursome against
par for men. Messrs. E *hoemaker
and C Seiden. fr.. wvere announced as'
the winners, whlil F. M. Savage and
P. N.A Shepherd won the fourbail
foursome net.
At 10:45 o'clock thIs evening the en
tire cOnvention will leave for Wash
Ington on a special train of pullman
sleepers, which is scheduled to arrive
-'t i o'clock t.'merrow monina.
':erman , e *. ,)du .a-t year
sailed I tum t151 one. t largest
intity ever mainufacturmed is one
moma 9aw. PILeIZ
AdaMs n 0res-- . 1 3 M As
Adv. RU. pt.... 4g i 4M
Aja Rubbe. . 81 6 3W)4 X
Aaska QOd. . M. M 34
Alas"a uas... 13g 1g4 14
ALChom.&Dye.. 3 0 al gW
AllisChambere.. $ g g3 g
AO. Ag. Cb..... OW 5W g% 86
Am . et ftsir.. -8 i U 5
Amese..... M9 iX i M 8
AmCan....... :: 3% 33 3
Am. Car & Viy... 13 U4% 2344 1M
Am. Cot. Oil Ot... 4*M 44% 469
Am. Drug ",1d. 4k 4%- 4 4%O
Am. MIfde& Aa. U 11 11 10%
Am . & L.... 51-4 601% 51 9)
Am. Ios..........5I 6 14 513d MG
Am.later.Corp.. 30% 36M 314 3V%
Am. Laseed..... A% 3, ISf Ug
Am.Loe........ 700 a M 9IM 0
Am. Rd. Co... 70 70 70
Am.aft.Rasor.. a I S 4)d
Am.ship.&Co.,.. a S 84
Am. me tti.s. 30' am .AN
Am. Smelt. pf.... 7s 716 72 70%
Am.steel Pdy.... V V V V
Am. uasatra Tob 8W% Qf 1 64
6. sugar....... 75 72 749 76
Am.uar pt.... 91 91 91 ON
An. Tel. & Tel ... 30634 M4% 6436 8%1
Am. Tobase. ..... 1Mk IN 14 1
Am.Tob.B...... 31% 121 121 13
Am.Wool........ 74 7 76 I9
Aaamaon a....... 8 SW 3 5
A-eo eol"Oil.. 9- - V .6
A"eo. Dry Gods. 31X 31M M3
Atehison........ 79% 79 . 79 78
Atchison. pf....7 16 76
Atlantic Fruit... GM 6 a 6
At.,G.W.I....... 35 )3 2W 28
Austin Nicholas. 9 e4 04 IM
Malte.& Ohio...... 37% 377% 373
a. & O. pf........ 601 MM 'f 5M
Baldwia L.-.... 704 73% t43 753d
Seth. Stee 8... 53 51 583 P?6
Brook. R. T ...... 10 10 103( 10
Butte C. Z........ 44 4% 4%
Butte & Super... 12 12 12 12
Butterick ........ 169 16% 16% 17
Cal. Packing.... 56% 5A% E64 5;
Cal. Petrol...... 449 434 44% 43%
ease Plow Wha.. 5 44 4
Casa. Pacc... . U 110% U04 1103
Cent. Leather.... 37% 35% 366% 36%
Cen. Leather pf 71 713 714 72
Cemrrde Paeo . 2 6 5 2514
Chandler Motor.. (2 61 62 61%
Ches. &. Ohio. ... 54% 533 54 54
Chi. Pae. Tool.. 56 56 56
Chile Copper.... 10 IM 10 10)
Chime Om. Cap.. s 96 % a s ba0
Chi.G.W. pf.....17 17 17
C.. M. & St. Paul - 2- U M 26 2M
C.. . & St. P. pf 39 M 8% 39% M S0
Chi.A N.W...... UM 62) ( % 63V
C..R.i.&P...... 31% 30 31M 30
C..R.T.&P.rwi 2 61 0 61
C. R. I. & 7 w. T2 71 71% 71
C. 1. Calaf.... 49( 4M 4% 44
Cocoa Cola......24 2734 37% vu %
Col. Gas Elee.... 5M 5W3 5% 5M
Columbia Graph.. P% 5 5)4 534
Col. &. South . . . 38% 3334 3 32M
Cont. Can ........ 48 4 46 4736
Con. Cigar Corp . 2 3% 5% X3
Cont. insurance 61 61 61 61
Con. Tex. Corp... 183 173W 17% 175
Corn Products... 614 6131 64%
Coden Corp....303b 304 3914
Crucible Steel .. 574 54% 56% 5"
Cuba Am. Sugar. 16% 164 164 17
Cuba C. Sugar . . . 104 9k 10 10
Cuba C. . pf.- 31 W4 30W 31
Davison Ch. Co. 37% 3634 M4 373
Del. & Hud...... 93% 9" 93 934
Del. Lae. & W.... 220 20 22) 218
Den. &. R. G pf . 19 194 14
Dome. Mine..... 164 16W 16% 16
Brie............ 14 12% I 29 12W
Erie lst pf ...... 18% 14 1 164
undicott Johnson F34 68-W GM U
Fom. lasky Play 61% 59 0 614
Fisher Body. . . . 54 f4 96
Fiske Rubber... 12% 12 129 12%
Free. Tex. Co.... 14 14 14 134
General Asphalt. 58% 56% 58% 6
Gen. Asphalt pt.. 91 1 91 734
Gen. Electric.... 126 1244 125 121
Gen. Mot. ctfs... 10 9 10 93o
Goodrich, Z. F.. 3 31 3 381
Goodrich BF..pt. 72 M 0 73
Ot. North Ore... 6% 3W 3M K%
Gt. North p. 63 2 on fai3
lakel &Bark.. 53%4 53%364 53%)
Hendree Mfg. Co. 153% 1534 1534 15
Houston Oil..64 613 63 62'
Huppe Mot. Car. 1134 1134 1134 11%
Ill. Cen.tral... U U N
Indiaholma Rf.Co. 4 '4 4 434
Iland 0. & T... 394 334 3% 3,4
Inpiration Cop.. 333% 33%4 363 33
[a. Mar. of N. J., 6% 86 35 U
Inter. Conso.... 33% 334 3) 334
Int. Con. pf... 91 99% .3 934
Inter. Agri.......734 734 7is
Int. Agri. pf.38.. 334M 36)
Inter. Nickel.... 14%( 1494 1494 1494
Iater. Papr.... E6%4 54%4 513 859
Invincible Oil... 13 124 1% 13
Iron Products... 27 27 27 3$
Jewel Tea....... 71 734 71' 7%
Jones Tea....... 16 18 18
Kan. City 80.... 24%4 234 A4 91
Kelly-Spg. Tirc. 38%4 36%4 3M 39
Kelse y Wheel-... 63 3 63 5 6
Keystone Tira.. 2 11.1 12 13
Kennetott....... 2) II4 19% 19%4
Lacka. Steel-... 3934 3th4 333% 39%4
IeR. &Tire . --. 28 27% '734 27.'%
Lehigh Valley... 50 4934 -0 49.
Loews (ine.).... h1t 10,4 211 I 1
Lft. Incor.......914 914 914 i
lrillard..--..... 49% 149% 149% 146
Louis &Nash . -.- 108%4 107 103, 10'
Man. El. Guar.-.- - 37 37 3734
lanati Sug...43%4 43%4 43) 413,
Marine comrn-. .. 1212 13, 13
Marine, pfd . -- 51 6ui ti$ 51
MawellM.G-.. 3)4 3, 334 3.
May Det. tores. 86858 4
Mex. Petrol...135 131 133, L.2
Mami Con. Cop.. 60 10%~ 20%0
Midvale Steel.-.-. 133% 23 23 ia3%
Mid.tateQil... 11% i1)4 11% 11)4
Mi.& St.P. 1.R.. . 1094 a0% 3094 11
Montgom. Ward. 50)4 19 19 19
Mont. Power..46 47 47 49
Mo Pae...--.....19% 19)4 19% 19,
MNoPac.pfd. 13% 3 32
NTCentral--. hi 65) t534 t7%
8I
OK EXOMMGL I
Nat.Ua.&Ct.... I 41
Nov. Cos. 0. .... 11 W AN
N. 0. T. &M. . -* .
N.T.Dock........ A1 .31 8 1
N..NH.H.17 toW ON
Nrfolk & We, .. a I"
North fe .....,. 6 4W
Nova moota u. 24M 4
Ok. Pr,& Rf. Co.. . - . 1 #
Ois steel ........ aM sm
Pee-Au. Pet..... g'g 5g 4 84%
Pan-Am. Pot. R.. 104 4N4 40%
Poo. Goa Co..... 409 4$ 4 47)4
Pere Maiquette. I* & 3.S M
Pa. oah.oeL., ?5 04 7% S
PenSa. . 3..... IsM M I
Phil. Coal...... 3W 8N E
Phillips Petre.. 1 2
Pier". P2rrow... 3 Z $1
0ieree Arrow pt. 47% 4134 47i 4
Pierce Oil....... 7% 734 134 6
Pitta Col...... yM 9. W3 8
Pitt. & W. Va... IN a% a' m
Pullman P. Car. am 4 09 M0
Punta A. Bugar. fft 99 OW 1
Pure Oil ........ 5. O
Ry.Steel Springs 99 75 It 1
Ray Con. COm Co 3W M UN2
Reading ........ 0 M
Replegle steel.. 23 ' WX 2*
Rep. Iron & St.. 46 46 41 4716
iep. Motor Tr.. 26 14 14 21
Retail Stores.... V NX N 8X
Roy. Dtk N.Y. e6%U 544 W 6UG
St. .onsph Lead. 20% N . M -
Sears Roebuck., 7M 9"M ?7M. SWd
. L. & man F... m "11 0 % 3
St.1..& S. F.-pf.. E 30 30 3W O
St. I. a W. I.L... a s % 4
Senea Copper.. :5 36 3 1%
Sinclair oil..... 2% 21 .21M 1x
globeSb.eeld.... 36 S 36 34
south Pacific-... ti% 72 ra is
Southern Rwy... 1 199 1* @0M
South. Rwy. pt.. 44 4314 44 44
staa. OI b. .... 1 1o 1 326
Stan. Oil N.J. pf.. 26 10- me =
Stromberg Corp. 3 36 36%
Studebaker...... 7% 7616 7W1 75%
Bub. Oil Corp.... 5% 514 5J( 4%
Tenn. C . C.... S 7% 8 7%
Texas Co........ 33% 33 33% 334
tex. F. C. & Oil. 23 22W 23 a%
Tobacoe Prod... 55.4 646 855% 56%
Tranaoot. Oil.... S 7% 79 7%
Union Pacific... 117 13) 1"1 11511
Union Oil....... 20. 19%i 20W 19
United Drug.... OW 1014 101. 10t
United Tood.... 19% ism 199 28%
United Fruit .... low am 113
U7n. Iealty Imp.. 47)j 404 47% 47
U. S. Rubber.... 58% 57M 5X 806
U. S. Rub. l1t Pf.. 94 96% 964 5
U. S. Ind. Aloo. 569 854 64 66
U. 's. Steel..... 76% 75 7M4 76%
Utah Copper ... 30% f04 W4 W
Vanadium Inc.... 27 27, V76 7%
Va.-Car. Chem... 27 U V 2
Vivadou......... 74 734 7% 7
Wabash pf. A... 20)M 24 20 2 4
Wh.&L. E.pfd.. 15% 15% 15% 253
Wells Fargo.... 55 5 51 55
West Pacific... 253 25)6 25)j 2b
Western Union. 87 a 87 W34
White Motors... 34% 33)1 361( 33
White Oil Corp. 209 10*4 10% 10%
Wilson. Inc.. . 3 .6 35 34%
Willys Overland. 734 714 7%4 73%
Willys Over. pf. 3314 3334 .33 3334
Worth Pump Ma 459t 45 d5% 443(
alh Low. CIos.
Cal money...........4 6% 5%
Stock 8alee up to
11 am. 12 noon 1 p.m. 2 p.m.
110.700 362.900 611.400
Bond sales up to
11 a.m. 12 noon I p.m. 2 p.m.
$2.697.009 $4.303.000 $6.769.000
Foreign Bonds.
Pwrnisbed br W. . Hibbs a Ca
Berlin 4's ...... ...... 14%4
Greater Berlin 4's ............. 14
Bremen 4%' .................. 17%
Coblen 4's ...................17%
Cologne 4's ............ . 15%
Dresden 4's ................... . 14%
Dresden 4 %'s ................. 15%
Duesseldorf 4's ................. 15%
Essen 4's ....................... 16%
Frankfurt 4's ................ 16%
Frankfurt $'s ................. 1 ^
Hamburg 3's .................. 11%
Hamburg 3%'s ................ 13%
Hamburg 4's .................. 15N
hamburg 4%'s ................ 16%
Leipsig 4%'s .................. 16%
Leipsig 5's .................... 17%q
Munich 4's .................... 16%
German governrnent 3's........ 11
German Gov s 3%'s.............1%
Uerman Gov's 4's.............. 13%4
tGerman Gov's l's.............. 1414
Krupp 4's.................... 17
Padische Aniline 4% 5.......... 20
A;legm. Eleck. Gas 4%',....... 18%
Meininger Bank 4's.. .........1%
Norddeutscher Land Bank 4's.. 16%4
'lenna 4s......................3%
Venna 4%'s...................3%
Vienna S's .................... 3%
French 4's ................... 5%
French l's .................... 66%4
Prem. 6's ..................... 76%
British Vic. 4's................297
Nat. W, . 6's...............36
W. Loan 5' .........'. 335
Italian 5's ......................46%
Notes. 1935~ ... . . . .. . . . o
CRUDE OILt RATES CUT
25 CENTS A BARREL
FINDI.AT. Ohio.. .June 14.-A fur.
ther reduction of 26 cents a barrel
was announced in the prices oft seven
central wes grades of crude oil by
the Qhio Oil Company here today. The
new prices are: Lima, $1.83; Indiana.
51.63: Wooster. $2.00; Iilinoie. *1.62;~
Princeton. 51.52; Plymouth. 90c;
Waterloo. 51.
Tin Plate Mills Resume.
Eight additional mills of Melcee.
port Tin Plate Co. have resumed,
furnishing work for several hundred
men. Rtecent big lire at the plant
4estroyed all the surpins of finished
tin.
The anthracite blast furnace uf
flobesonia I ron Co.. Robesonia, Pa..
which has been idle for a long time,
will be -lown in this week. with ea.
pacity of 1.200 tonts weekly.
Liberty Bonds.
'iberty '3'-s 1947..--..---..-. .. .4
Liberty 1st 4's 1047.......... .4
Librty '.nd 4'. 1942........ .4
Liberty 1st 4!'s 194?.........sg
.iberty 2nd 4'.' 1942-.-----.--.. 9
Liberty :%d 40', 1023......gs
.:berty 4th 4-4's 155.-.-.....4702
Vitory 4%'4 1923. ..---.... .. M
Victory 36'. 193.......... na
"WAYS MALE ON THE
LOCAL WOCK MAM
Washington Ga TWo. 1@t -
Washiegtes dam 3t.S
44. 35@44. :54. 69
-Morgenthaler. 109119%.
Washington G" T% "006 .
Capital Tradtliw. '
$1.00@S7. S1.pW@Sf ,U $1.00$. C
67 $1.0 eea8. " '
Capital Traies, "@n (40").s
so (es4). 198 (111k). 398
Potemae Elsetrie C9ad. V'a,
@85%..
MONUT.
all leans, %@T par 6esL
PUBLIC UT1KTT.
Amter. T. & T. 4's....... 1% T$%
Amer. T. & T.4'. 85% $T
4m. T. & 7.CU.t .' $1% 3%
Am. TAT. Oa. Vs.. . 97 M
Aaaoeetia & Pet, is... is --
Aa. Pet. Guar. 8... is
C. & P. Telepheoe '10.. IT
Cap. Tra R. , V's.... ST 87%
City 4 Sub. 5 ....... 456
Metropolitan R. . Vs.. 91
Potomac Elec. Lt. *s... 86
Petomae MBe.C . ' 8% .1.
Pet. Wiee. Power- a... 98% 94%
Pot. 3. Pow. G-M We... 06%
*. Ale. & Mt. V. so... ..
Washington Gas ' s.... TOW Ts
Washington Gas T%s 101%
Wash. Ry. a Ele3 . 4's. 61 61%
W. A. 13. G.-L V'a. 911% 98%
-Nes Realiy 's .(se Q..
wash. Market 6'. 1M8. T1 ..
Wash. Markat 5's, 1041. T2 ...
W. X. Cold tarawg 's. 196%
8TQCZA.
PUnEJC U MT.
Amer. Tel. Toga..... % %
*Capital Traction ...... A4 a6%
WWastas Gas......... 44% 48
N. & W. steam t. .... 1e ...
Wash. Ry. & Elee.. om. S0 ...
Wash. Ry. & Eec. pfd.. 61% 64
Wash. Va. Ry. fd ..... 3 ...
NATIONAL BANK.
Amerjean Nat. Bak.... 166 1n
Capital Nat. Bank..... 1T .
Columbia Nat. Bank... 110
Commercial Nat. Bank.. 165 ...
District Nat. Bank ...... 179 ...
Far. & Weak. Nat. Bank 230 260
Federal Nat. Bank ..... 175 1O
Liberty Nat'l Bank..... 120
Lincoln Nat. Bank ..... 165
Nat. Metrpolitan Bank. 215 ...
Riggs Nat. Beak....... 440 ...
Second Nat. Bank ....... ... e16e
Washington ........... 180 ...
TRrm COMPANY
Amer. Bee. & Trust.... . 221 22?
Continental Trust ...... 104 106
National Sav. & Trust.. 270 280
Lunion Trust ........... 120 ...
Wash. Loan & Trust... 264 275
. SAVINGS BANK.
Commerce & Savings ... 140 ...
*East Wash. Say. Bank 13% ...
Merchants Bank ....... 147 ...
Sec. Saw. & Cow. Bank.. 205 289
Seventh Street Sav's Bk. 150 ...
Union Savings ........ 112 ...
U. a. Savings ank ..... 200 ...
Washington Mechanics.. 26 ...
FIRE INSURANCL
Arlington Fire Insurance .
Corcoran Fire Insurance 110 ...
Firemen's Fire Insurance 20 ...
Gr. Amer. Fire Ins..... 225 ...
Nat. Union Fire Ins..... 7% ...
TITLE INSURANCE STOCKS.
Columbia Title Ins...... 4 ...
Real Estate Title Ins... 77%
TITLE INSURANCE.
Col. Graphophone cow.. 5% 6%
D. C. Paper Mfg. Co.... 76 T .
Merch. Trans. & Stor ... ... 125
*Mergenthaler iUnotype 119% 120 -
Old Dutch Market com.. ... 6
Old Dutch Market p'd... 7 9
Lanston Monotype .... 74 76
Security Storage ....... 200 ...
Washington Market..... 26
*Ex dividend.
Investors'
Service
The Wahingt.nlae will be
glad to answer ter its readers
inquiries about investments in
stocks and bonds. It will give
the beat available information
from the most authoritative
sources. This service I entirely
without charge, and all letters
will be held in strictest conf
dence. Every inquiry meet con
tain name and address of the
writer and a 2-cent stamp for
the reply. It the laquiry is of
general interest it will be an
swered in the Daily er Sunday
Times. Address
INVESTORS' INFORMATION
SERVICE
The Washington Times Finan
cial Department. Kunsey Build
ing, Washington. D. C.
A NOVICE BOND INVESTOR.
F. W. C-Please advise me If
you consider the following bonds
safe investment: Knisen * Maa
hattan refnuding Is. smeses *A";
Ameriea Teble6hene * Telesaph
evttbie s Saemmed Oil . of
New VbErk 1s. and Madsen ? Man
hattaa imeesne Sa. When de these
bonds mature and when is interest
payable? Does the owner, of a
bond have to hold it until it ma
tures? You see. I am a novice in
vestor.
Anstrer-Hadsen * TMahattaa we
fandiag 5. receIve interest semi
annually. February and August 1.
and are due 1967. They are secured
by a mortgage on the property.
There has never been any question
regarding safetyof interest on these
bonds and they have a faIr rating.
Thie income bonds have never re
eelved any one year the full 5 per
cent, 2 per cent being the greatest
amount paid. Interest became eumu
lative January 1, 1920. The company
paid 2 per cent April 1. 1921. out of
surplus for the last six months of
1920. This is -the 4rst payment since
1916. The companys present rate
of earnings appear. - to justify the
payment of another installment dur
ing the present calendar year. but
this Ia a ftatter for the directors to
decide. The income bonds seem to
offer pretty fair possibilitte. as a
speculation. Amerieen Teleshene Os
pay interest February and Augget
I. and are due fer maturity am A..
gust 1, 193 It is a good bond -in
vestment. we think. Stndr Ote
New terk 7. are due. 54.ew0.e0 each
January l'. from 1921 to 1933. n'e
ge.0e0.n00 n u.inuary 2. 1921. Inter
est is pimyable January and July
ltegarded as high grade. All .r
these nds are obtainable is$16
8a66 anad Si.ve0 deaalanm
INANC
USIN
Are our bulasn me S to be
ebtreated with the romaig 00
busiees vgeethei OS* '
This is the q a" ) the
Ilellegri tr
aue by a
eveloping U is
man has bsUe 10emly
med has doeaeatih
lag. *ere ahIO potato he
resew. in sapport 6t his liepft
statemet that bole= is rttesn to
tIe core:"
"'he saue the sasehle
tured ups any business sad -.
things are reveaw ieg om
weives ae,1 shc.IdN't ww
public should feel Phegked; they ought
to expect it by now, for they have
eeon the 8ame thing - happen over
and over and ever -gaim ever sima
muches showedup the life insuraso
reasals. Nothing of this-Min4 #hoks
me any more. . I haie lang mime
learned to eapeet it-sad I am aot
often disappoisted.
"What industry can you name .that
has come out 'f any deep probe with
out #tT
'We newspapers have been full
of nefarious practices which have
been going on for goodness known
how long in the Ire insurane. basi
Does. The public, It is .shown, has
beeri gouged by the New York Are
1urance people at every, tura. They
wert all working in league aainst
the poor. defenceless public. L4*s
evidently were-laughed at. Byt will
anybody go to jail? My guess is
that nobody will.
"A few days ago it was the people
in the building buoinese that were be
Ila shown up. Brdell, the gratfing
la loaes, Is in Bing Sing. but how
anany of the corrupt employers who j
have bedn 'sposed are Peringitipes'
alongside 'him? If every employer
conneated with the building industry
who was guilty o( wrongdoing. had -
been sentenced to Siag Bing' there
would be no room in it for anybody
else. It was .shown that the whole
business was bonycombed with graft
and bribery and corruption. But you
bet it was the dear public who had
to pay for it all. If some of those
scoundrels who made building im
possible were led through sone of the
East Side streets and into a lot of the
overcrowded hovels there, they would
se what their devilish doinge have
brought about-and I. don't think
they would feel very proud of them
selves. Instead, however, they arm
driving around in their limousines
and occupying swell homes from theIr
loot.
RAPS COAL KIM.
"And then the coal people; They
are a beautiful bunch, aren't they'
They certainly got theirs while the
getting was good. And they got so
ncesatsme to raking in profiteering,
proftsa s&Jq. can't make up their
minds to get ack ,to doing business
at fair prieee. We road in the news
papers not A. very long ago that
soft coal was 'being given away by
seme mines at the pitmouth: but try
to buy some and you And a different
state of things. The anthracite gang
are doing business at the old stand
in the old way. Every now and again
they emit a squeal about the poor
prices they get at the mine mouth.
But when a poor devil scraping along
trying to make ends meet goes to buy
a on he is lucky if he gets it under
S 5. Who's doing the robbing if it
isn't the big fellows at the top? If it
is only a lot of little fellows, surely it
shouldn't be very hard to get hold of
them by the neck. If the anthracite
coal profiteers are not steering things
straight toward Government owner
ship I miss my guess
"You can't pick up a newspaper
these daye without reading state
ments from Cabinet officer, or big
bankers or men like Judge Gary that
retail merchants are gouging the
public right at this moment. The
public don't need to be told this-they
are learning it to their cost every
day. Farmers and fruit growers have
practically to give away a lot of their
products, but when you look around
for some of this cheap stuff you get
a rude-disappointment-it manages to
lose its cheapness on the way from
the grower to the consumer. There's
plenty of talk, but is anything being
actually done to stop this form of
robbery of the public? If there is I
haven't heard of it.
PIULMC SEm LIGHT.
"The publIc's eyes are being open
ed about the meaning of all thoee.
innocent locking associations gottn
up in about every industry 'and
trade in the country. When the aid
is ripped off, it turns out that these.
associations nine times in ten have
been hatched in the brain of., some.
scheming lawyer, who .then shuws'
the people in the industry how they
can get around the law against
rrice agreements. The public have
been shown pretty often that there
isn't any law that a smart lawyer
can't cheat if his olinets supply him
with enough money. This live-ad
let-live policy that is so muach
talked about when these associations
hold their conventions or their ban
quets soundu very beautiful--and it
is very beautiful for those, in the
game. But the public is neve' let in
on this iive-and-let-live bestrnes.- It
is confined only to the geistlemen
who ,do the selling, not to ,those of
ns who have to buy. ,
"There is not much~ credit in being
h'onest when you ca't he otherwise.
The test of a mana'- honesty comes
when he has a chance to be dis
honest. That chmac(" ca'ne, as never
before, during the wiar. And how
honest were the men who run uur
.usiness when the., opportunity to he
dishonest appeared? W-is there any
unfair hoosting of prices? Were
we charged only fair prices for
sugar and shoes and suits end
shirts and collars and furniture and
rugs and everything else we had to
.uy? if there is a single person
who heliev'es that there wawn't the
most -- profiteering during the
war, he is inside an insane asylum.
Business men showed themselves in
hqtruae coor, when the tempta
tii came along.
"I used to have a very high tiea
f business men, "ut-wd!l. in fae
cf these things 'hnt ,have nsen
l.,ned (,a ci thi scan I other thinag,
that ..verybody know, has been go
ing on. how do you think I or any one
~e.n who looks ofi can feel'"
What's the answer?
tnametihS. 1ea1. by a. aL Pesesi.
EQ"VI TA BL I.
Sav FYou WouM
I to tah t
war Ond Ceto
U s syee e . -
set loi wf Soef k
4 es,. ase esm
sourraus LOMusns
il; . K, N. W.
oAr P. - MMi. fsvW.
Standard Oi
Booklets
la a few days we wIMaversady
for distrbuties 'he latest and
mostC en ete -opn -m of
dends. balance sheet and other
adtains seth . up 3M te m
.L Wikelma & C.
21 South 10isens
snm OPeM in medhg Obe - II
Nawi 0ites6 St. M, New To&h
D&SOg Wk*si V.e. Mww ~b
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Telphene Maim 1I
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