The Washington times. [volume] (Washington [D.C.]) 1902-1939, April 10, 1924, Image 29

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The Washington times. [volume], April 10, 1924, Page 29, Image 29
About The Washington times. [volume] (Washington [D.C.]) 1902-1939

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The Washington times. [volume] (Washington [D.C.]), 10 April 1924. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn84026749/1924-04-10/ed-1/seq-29/>

Newspaper Page Text

LATEST NEWS OF
FINANCIAL WORLD
STOCKS SHOW
DOWNWARD
TREND
Studebaker, American Can,
Woolworth, and Others
Suffer Losses.
By H. J. DUIZEND,
(Copyright, 1924, by Cosmopolitan
News Service.)
NEW YORK, April ’ 10.—The
trend of prices was downward in
the first two hours’ trading on. the
, stock exchange today. In the ab
sence of outside interest bearish
speculators again had their way,
aided by further indications of re
ceding trade activity, like another
falling off in car loadings in the
week ended March 29, and a de
crease of employment in automobile
centers.
The Dawes report having failed
to stir up any constructive initia
tive industrial tide running
in favor of the bears, it was a
comparatively easy task to thicken
the gloom already prevailing in
market circles ahd to bring about
substantial declines in various is
sues. Concentrated pressure was
applied against the more popular
leaders with the obvious purpose of
creating widespread unsettlement,
ihe experiment, however, was only
partially successful. Studebaker,
American Woolen, Baldwin and
American Can were forced to new
low levels for the year, while
stocks like .American Sugar, Du
pont, General Electric and Wool
w^££ h severe losses,
The .main body of shares refused
to be seriously affected by the
ln the leaders - Stubborn
resistance was encountered in var-
. ' T’ 1 ' ' • ■ - .
I COTTON—GRAIN I
Promptly Quoted and Posted With a Full
Line of Gossip Covering Both Markets
' Tenth Floor—-Hibbs Building
I w. B. HIBBS & CO. I
■ MEMBERS I
N. t. Cotton Exchange I Chicago Board of Trade
New York Stock Exchange
Boston, Philadelphia and Washington
Stock Exchanges
STOCK AND BOND QUOTATIONS
■ w,tl i,News and Comments Constantly Posted in Botn
g Main Floor and Tenth Floor Trading Rooms
Jos. H. Himes, Special j. n. Carpenter, Jr., special
C. E. Fenner, A. C. Beane, F. G. Brown. E. J. Glenny,
E. M. Friedlander
FENNER & BEANE
Members:
Naw York Stock Exchange
New York Cotton Exchange New Orleans Cotton Ex-
New York Produce Exchange d l * 0 * 6
, Chicago Board of Trade
and Sugar Louisiana Sugar and Rice
Exchange Exchange
Associate Members:
Liverpool Cotton Association
THE NEW WILLARD
WM - E -™
Telephones Mam *>7Bo-9781
Home Offices:
818 Gravier Street 27 William Street
New Orleans, La. New York, N. Y. x ’
and
VZZi AWW J - V//(1/ UH J
W National Mortgage & W|
® Investment Corporation g
811 Vermont Ave. N. W. Si
: Qeals in the Best Real |g |
Estate Securities
rag J
First and Second Trust Notes grO
: and Warehouse Receipts —tl
jin : Are Purchased at Fair Rates |H|-|
7% First Mortgage Notes
> SECURED by Improved District of 'Wti 1
|=gj‘ ; Columbia Real Estate, are a GOOD '
X 3IE - 2 INVESTMENT. Offered in denomi- 4
x ~~TI J nations from $250 UP. 1 q
additional financial news
WILL BE FOUND ON PAGE 30.
ious quarters, notably in oils and
rails. The former, appeared under
accumulation in connection with the
inherently strong position of the
industry and the distinctly upward
trend of earnings. Rails stood, up
firmly in face of a slower move
ment, as it was felt that any de
crease in gross earnings resulting
from diminishing business will be
offset by reduced expenditures for
maintenance and lower material
costs. Missouri Pacific preferred
and Texas and Pacific were ex
tremely well taken at advancing
prices.
steel stocks were quiet, moving
over a narrow range. Apparently,
traders preferred to await the pub
lication of the United States Steel
Corporation report on forward
business before taking a definite
stand in that group. Sugars in
fluenced by the break in American
Sugar were distinctly heavy. Sell
ing broke out in Consolidated Tex
tile, carrying this issue to ,a naw
low below five.” '
Call money renewed At 4fc' per
cent. ,?
Cotton was strong, • advancing
from $1.50 to $4 a bale.
Chicago Grain Market.
CHICAGO, April io.—Grains were
a shade lower at the opening to
day.
Opening:
Wheat started to % cents lower
with selling credited to the north
west. Shorts bought at the outset,
but the market turned weak and de
clined further as soon" as that de
mand was satisfied/ Corn started
unchanged to % cent lower and de
veloped further weakness as sell
ing by a leading commission house
indicated Uquidati6n. Oats started
unchanged to % cent lower, with
a small featureless trade.
Provision started lower for July
lard. Trade light.
Opening prices:
Wheat, May, $1.01©%; July, *1.03;
September, $103%©1.04.
Corn, May, 76%c; July, 78c; Sep
tember, 77% @ 78c.
Oats, May, 45%©%c; July, 43%c:
September, 39 %c. .
Rye, May, 65 %c; July, 67c.
I 1 < .
THE WASHINGTON TIMES '* ♦ The National Daily • * THURSDAY, APRIL 10, 1924.
BUSINESS
NEW YORK STOCK EXCHANGE
Quotations Received by W. B. Hibbs & Co.
1:80 Yes.
, High Low p. M. Close
Air Reduction. .3% 73 fa 7%
*dv. Rumley... 16 16 16
kdv. Rumley pt 33 33 $3 33
Ajax Rubber... 6% 6K 6fe
Allis Chalmers. 42fc 41% <l% 43
A. Chem. A Dye 65H
A. Agr. Chem.. 9%
Am.Ag.Ch.pf. £4% 2p t 23% 24%
Am. Beet Sug.. 41%
Am. Can iQOJt -9% 100 ICOfc
Am. Canpf.... h2h 112%' 112?
A. CarAFdy... 156% 1=6% 156% 156%
Am. Express.. . 90% 90% *0 . 90%
Am. L0c0...... 71% , lz4 72%
Am. Metal..... 41% 42% 42% *2%
Am.Rad.Co... 10; 101 IQI 101%
Am. S. A Com.. 12 12 12 12
Am. Sfy Razor. 6% b % 6%
Am. Smelting.. 60% 60% 60% 60a-
Am. Smelt pf... 98% 98% 98%
Am. Snuff 135 134
Am. Steel Fay. -6 35% cb% 36
Arp. Sugar.... 47% 45% 45% 47%
Ain. Sug. pf.... 93% 93% 93%
Am. Sumatra.. 13 13 13 i-%
Am. T. AT..., 126% 126% 120% 126%
Am. Tobacco... 18% 138% 138% 138%
Am. TobNew.. 102 102 10 i
Am. Wat. Wks o i% 49% 51 49%
Am. Wat W. 6s 73 72 73 72
Am.W. Wks. 7. 92% 92 92
Am. Wool 69% 67% 67% 68%
Am. Wool pf... 100% 100% 100% 100%
Am. Zincpf.... 26% 26% 26%
Anaconda 32% 32% 32% 32
Asso. Oil New. 31 31 31 31%
Atchison i(D 99% ioo 99%
Atchison pfd.. B=% 88% 88% 88%
Atl. Coast
Auetin Nichols.. £O% 20 20% 20%
Baldwin Loco. 116% 113% 113% 114%
Balt. A 0hi0... 54% 54% 54% 54>,
Bal. A Ohio pf. 59 19 59 59
Beechnut 47% 47% 47% 48
Beth. Steel.... 5u% 49% 49% 50%
Beth. Steel 75.. 94 94 94
BrklynMan... 16% it% 16% 16 A
Brklyn Man. pf 60% 59% 59% 59%
Burns Bros. A. 105% 106 105% 104%
Bums Bros. 8.. .5% 25 25% 24%
Butte A Sup.... 15% 15% 15% 15%
Caddo 0U...1% 1% 1% 1%
Callahan 4% 4% 4%
Calif. Petrol.... 24% J 4% 24% 24%
Cal. Petrol pf... 99% 99% 99%
Calumet A (3% 42% 42% 44%
Cent. Leather.. 12%' 12% 12m 12%
Cent. Lea. pf... 39 39 39
Cerro de Pasco. 44% 44 44% 4
Chandler Motor 46 45% 45% 46
Ches. A 0hi0... 73% 73% 73% 73%
Chi.AAlt.pi... 10% :0% .0% 10%
Chi. W. pfd .. 12% ;1% .2% 12%
C., M. ASt P.. . 15 5 15 15%
C.,M. AS. P. pt J . 17% 27%
Chi. AN. W.... 51% 51m 51% 5i%
C.,R.1.#P.... .5% 45% 25% 14%
C., R.1.&P.65.. 68% 68% 68% 68%
C. AP. 7s. 79% 79% 7=% 79%
Chile Copper... 16% .6% .6% .6%
Jhino Copper. 16 .6 16 io%
Cluett Peabody. 56% 66% 66%
Coco Cola 66% 65% 65% .6%
Col. Fuel A1... .0% 30% 30% cU%
Congoleum Ini 58% 58 58% 58%
Con. Can w. 1... 46% 46 46 46%
Con. Gas, new.. 62 61% 61% 61%
Con. Gas, w. 1.. .4% .-3% 34% 34%
Cont. Motors.. >% 7% 7% 7%
Con. Tex. Cor.. 6 4% 4% 6
Cora Products.. 164% 164% 164% 164%
Cosden Corp... c 6 =5% .5%
Crucible Steel.. 53% 52% 53 53%
Cuba Ar. Sug.. 33% =2% 32% c 3%
Cuba C. Sug... .4 14 :♦ 14
Cuba C. S. pf... 62% 2 t 2 o 3
Cuyamel Fr.Cd*. -.61 66% 66% 66-
Dan’l 800ne... 29% 28% 28% 29%
Dav'nClCo... 4/% 45% 45% 46%
Del. A Hud 107% 107% 107% 107%
D. L. A W.. 115% 115% 115% 114%
Dome Mines... 17% 17 17 17%
D. Pdd. Wks... 123% 121% 122 124
Eagle 0U...... 25% 25h 25% 25%
Eat-AxleSp.Co. 15% 15% 15% ;5?- 4
Clec. Storage.. 57s 57% 57%
End.John..s% 57% 57% :9%
Erls 25% 25 .5R /4%
Fam. Players.. 67% 66% 16% oZ
Fifth Av. Bus.. 11% n% 11% u
Fisher 80dy... 206% 20u 205 210
Fisk Rubber... 6% o 6%
Gen. Asphalt... 37% .37% 37% 37
Gen. Asph. pf.. 73% 73% 73%
Gen. Cigar Co.. 87 87 87
Gen. Electric ... 213 ill 213 412%
Gen Elec Spec.. 11% U 11% 11
Gen. Motors... 14 14 ;4 14%
Goldwyn Pict.. 13% 13% 13% 14- 4
Goodyear T. pf. 42 42 42 42
Granby Mines. 13% 13% 13% 13x
Gray A Davis. 5% 5% 5%
Gt. NOr. Ore.. 30% 30% 30 , 30%
Guanto. Sugar. 9 9 9 1 S>*
G. M. AN. Ry.. 11 13
Gulf Srste'Stl.. .0 * 9,9 s
Hayes Wheel.. 0% .oa 3.'% .0
H. K. M. A Co. 1 19 >. 9 u
Hartman. Corp. •.’*% 37 > • *
Hou»eiiu«ir> ...% % .%
Houston Oil.. 0? o:% <-9 « b?
Hudson Motor 4 «
Hupp Motor... 1.% .0% 13% 1
111. Pr. F. pf.. 10j IJ3 10
Ind. Motors.... H, 19; 0
Ind. OU A Gas 7>, 7%
Insp. Copper. 2b 4% .4
Inter-B-Mach.. 891 t7 7*% 0 >
Int. R. T. C 0... .3m .2/« .3 *
Inter. Harvest 84 t 4 t 4
Inter. Nickle... 13 U 3 2%
Inter. Paper... 37 3/
Inv. OU 15 14 , it
J. Kayser C 0... 22m 22 'i 22 ,
Jones Tua 0 < i?;. -2j .
Kan City So.. % .9 , 19**
Kelly S. Tire. 1 i.% 1
Ker, n ecot c..» . • 64 In, b
Lehigh Valley u '3 %
Leh. Vai. rts. oa
Lig. & oO :,D 0
Lima L0c0.... 0 % v
Loriliard..... j- g
t.udluni Steel. 1 , ;
Meinlyre. r> g
Mack Tru 0 <» s, , t
Mac y. R. H.. ) 0. '
Magma Copper. 33% 3« 33%
Yes
High Low P. M. Closo
Man. Elec. Sup. 3t>% 3HH 3%
MannM. G 38% 38% 38% 37%
Maracaibo OU.. 28% 20% 28% 28%
Martin Par. Co. 83% 33% 33% 34 '
Marland 0U..... ,33 37% 37% 37%
Marine pf «0% 29% 29% 30%
Max. Mot (A).. 43% 43% 43% 43%
Max. Mot (B).. 11% 11% 11% 11%
MayDeptSt... 87 87 87 68
Mex. Sd. Oil ctf. 19 19 19 18%
Mex. Sea. 0i1... 19% 19% 19% 19%
Miami Copper.. 20»X 2u% 20% 21%
.Mid. States OU. 4% 4% 4% 4%
Min. A St. L... 2% 2% 2%
Mont y Ward.. ;•% .'4% 24% <%
Motherlode.,B% 8% 8% 8%
Mo. Kan. Tex.. !1% 11% 11% 1%
, M.K.Apf.A... 32% 32% 32% 32%
Moon Motors... 22% 22% ;i% 23
Mo. Pacific.... 13% 13 13% 13-
Mo. Pacific pt. <l% 41 41% 41
Nat. Biscuit... 51% fl% 1% 51%
Na. doak A Sut £0 50 50
National Dairy. 30% 30% 30% 31%
Nat Lead 132 128% 130 135%
Nat. En.A St... 30% 30% 30%
Nt Sup. Def... 64 64 61 64
Nev. Con Cop., 12% |2% >2% 12%
N. Y. Air Br. A. SO 49% 50
N. Y. Central... Wi 100% 100% 100%
N.Y.Cen. rts... 2% 2% 2% 2%
N.Y. ASt. L. pr £4% <4% f 4%
N.Y..N.H.AH. 17% 17% 17% 1%
Nash Motors... 103% 103% 103%
Norfolk A 50... 13% 13% 13%
Nor. A West.... 128% 127% 27% 126<
North Amer.... 23% ?i% 3% 23%
North Pacific.. 52 61% 51% 51%
Nunnally 7% 7% 7%
N. O. Tx. AMx " 116 115% 115% 116
Ontario Silver.. 6% 6% 6%
Orpheum Cir... 19% 19% 19J< 19%
c Eleva. NT. 153% ;52- t ,51% i52> 4
Os Steel 9 9 9 9
Otis Steel pfd.. 61 5% gg
Owens Bottle. «4 44 44 43
Packard Motors ;0% 10% :0% ?C%
Pac. <2 G. L.... <2% 92% 92% 92%
Pacific OU Ct.. £l% 51 51 51
Panhandle 3 3 3
Pan. Am. Pet.. 47% 47% 47% 47%
Pan. Am. Pet B 46% 45% 4‘% .5%
Par. A Bing... 16 15% i 6 15%
Penn. R. R.... .4* , 5
J a. Sea Steel.. 2% 2% 2% 2
Peo. Gas. Chi. 94 94 (4
Phillips Pet... 41% 41 41 41%
Phila & R.C.AI.. 37 36% 36% 3
Pierce Arrow.. 8% 8 8
Pierce-Ar. pf... 21% 21% 21% 2:%
Pierce-Ar. pr... 66 65 65 65%
Pierce OU 1% 1%
Pitta. Coal 60 t 0 60 61%
Pitts. W Va... 44% 44% 44% 44%
P. AW. Va. pf. 95 9 3 95 95
Pres. Sc -el Car 8 48 48 48
Press. Steel pf.. 83% 83% 83%
Prod. Ref.. iO % 29% 29% 31k
P.Ser.Cor.N.J.. 42% 42% 42% 42s
P. Cm. 115 ii 4% ;14% 115
Pure OU 23% 23% ,3% 23%
Punta Al. Sug. 61% 60% £O% bl
itay Con. C. Co. 9 h 9% 9% 9%
Rep. 1. A5.... 45% 45% 4?% 45%
Reading 54 53% t 3% 54%
Reading, rts... 16% 16% ,6% 16V,
Read. 2d pf... 34 33% 34 33\
Reynolds Tob.. 6* 63% 63% 62%
Reynolds Tob.p 116 116 116
Reynolds Spr. 16% 16 16
Savage Arms.. 48 47% 4 %
R. Dutch N. T. 55 64% 56 54
St. Joe. Lead.. 24 24 24
St. L. A 8. F.. 21% 21% 21% 21%
St. L A S.F. pf.. <5% <5 <5 45
St. L.S. W.... c7% 37% 37% 37
St. L. AW. pt 59% 59% 9%
Schulte R. 5... 101 101 101 10
Sea. A. L. 10% 10 10% 10
Sea A. I*. P«... 21% 2l 21% 2:%
Sears-Roebuck. i 5% 83% B*%
Seneca Copper. 3 3 3 3-*
Shat. Ariz Con. 6 5 5
SheUUn.O.... 17% 17% ;7% K.
Sloss Sheffield. 59 58% 58% 18
Simmons Bed.. 22% 22% 22% 22%
Sinclair 0U.... 21% 21% 21% 21-
south. Pac..... 89% 89 89% 89
s.Porto R.Sug.. 88 88 88 88-
Southera Ry... 55 1 53% 53% r 4%
Spicer Mtg. Co. ;2% 12% '.2%
St. OU of N.J.. ’7% 37% 7% c7%
St. OU of Cal.. 60% 60% tO>4 61
Stew. Warner.. 7>% 77%' 77% 77‘,
-tu^ebaker.... 91% 90 .0 1%
Studebaker wi.. 37% 36% 00% 6k
Superior 0i1... 4% 4% 4>«.
Submar. Boat. . 8 8 8 b
Sweets Co 2% 2% 2%
rob. Prod. A... 85% 75% 5% .5-.
iexas C0.....41% «1% i*g «- t
Tex. A Pac 30 8% .9% 26
ex. Gul. Sul... 5% 8% 8% s>.
Third Ave 1 ;0% 1 10
obaocoProd.. Lt, 0 , .u ,
auscon. Oii. <S 4 ’’i ♦ » <•
tiion Pacific :1% 0 , O'. ’,.-0
1 nion Pac. pf.. 1 i ,
Jn. T. Carps.. 0 ,0 0
nited Fruit... *1 u
Li. S'. R. Im.pf.. .01, .0 . id. io
S.HofAla.Co 1/m < '• <
S.C. 1. P... ?: 2%
S. Ind.AicUul c % c 6 r% ,
.. S. Rubber . % 29
S.Ruqi.latpf b 0 60 to y 0
•J. S. Smelt, pf. 38'i i % -,s
a. steel... * 7% 97'* 9s. *•
.ah See S’, . B’4 ;
«iiatUuin. inc. 23‘« 2 % 2-.% 2
a-Car. Chpf. % t ., u
ivaudou 9 a
coash R.R.. 1?% 16K 6\ so
nhasn pf A.. «6% 45% o % 4.
..11. AL. E.... 9% 9\ 9..
Gestinghouse. 61m ••>:% I . ol ,
'Vest, Union... lu % . 7>»
A est. Air Brk.. 0m 0 0 .
West. Pacific.. 13% 1< .8-, i c
West Pa. pr... b 62m t>.’
West Pa. C 0... 57% b7% 57%
nite Motor... 53*4 5 o 3 s’«,
>k . VV. tip. St... 2 » 2% 2<t 4
■ illys-Over... .• % B%* <•
Ilya-Over, pf 74% <*B? «>9m
Vooiworth *... 3 0 3! its ;qji-
Worth. Pump,. 2a 25 25 25h
Yellow Cab Co.. 8J 83 83
AND FINANCE
Curb Stocks.
(Furni»h«d by W. B. Hibba A Co.)
I Big | Ask,
Acme Coal
Arkanaaa Natural Light.....’ 6ft life
Borden Co 120 IJ2
Candelaria U. . 2
Carlb Syndicate 4fe 4%
.Car Light & Power ife jife
Centrifugal Caat Iron 22 28 fe
Citiea Service new 1414 1414
; Cltlea Service old 144 144fe
Cltlea Service pfd 72% J7B
’Da via Daly 45 ss
Dubilier x... 31fe 31%
Durant of Delaware 18 fe 19fe
I Engineers Petroleum g- 9
I Eureka Croeaus... g 7
> Federal Oil 26 30
1 Gillette Safety Raxor 376 277
1 Glen Alden C0a1.... Bife SBfe
! Glen ’ Rock. Oil 30 40
I Goldfield Deep Mines 3 4
: Goldfield Florence 16 18
1 Goodyear T. & R 9% 9%
Gulf Oil of Penna 69 6944
Heyderi Chemical ...; Ife 1%
Hudson OU 6 6
Independence Lead 10 11
Intercontinental Rubber .... 2’4 3
International Petroleum, new 19% 19%
I Jerome Verde Ife Ife
Lyons Petroletim 25 45 ■
Marland Oil of Mexico 3 gfe
Mason Valley -Ife ife
Mesabi 5% 6
Mexico OH 14 15
Mountain Producers 18 18 fe
Mutual Oil life life
National Tin 9 10
Neiy Fiction Pub 1 4
NeVada Ophir 5 7
New Cornelia 17fe 18fe
NI pissing Mines 5% 6
Ohio Copper 66 70
Omar Oil 70 73
Pennock Oil 14% 14%
Pyrene Mfg. Co life 12
Radio Common 4 4%
Radio Preferred 4fe| 4A
Reo Motors 16% 16%
Salt Creek, new 23% 23%
Sapulpa Common 2% 2%
Southern Coal & Iron 7 8
Stutx Motors 77%
Tidal Osage 12% 14
Tonopah Divide 26 30
Tonopah Extension I 1A 1%
United Eastern 75 77
United Profit Sharing 6% 6%
United Shoe Machinery ..... 34 fe 36
United Shoe Machinery pfd.. 24 27
United Verde 24 fe 25
United Retail Candy 4% 4%
Wayne Coal 35 50
West End Cons 60 60
Wilcox Oil A Gas «fe[ 6%
Yellow Taxi of N. Y 31fe| 32
Oil Stocks.
(Furnished by W. B. Hibbs A Co.)
Bld | Ask
Anglo-American Oil Co. new 16% 16 fe
Borne-Scrymeer Co 230 240
Buckeye Pipe Line Co 69 70
Cheeeborough Manuf Co 406 411
Continental Oil Co 44% 45%
Crescent Pipe Line Co 15fe 17
Cumberland Pipe Line .... 128 130
Eureka Pipe Line 98 99
Galena-Signal Oil Co. com. . 58 60
Galena-Signal Oil Co pref.. 110 115
Illinois Pipe Line Co 132 135
Indiana Pipe Line Co 94% 96%
National Transit Co. 21 22
New York Trans. Co 80 82
Northern Pipe Line Co 95% 98
Ohio Oil Co 67 68
Prairie OU A Gas Co 235% 237
Prairie Pipe Line Co 103 104
Solar Refining Co ,208 209
Southern Pipe Line Co 94 95
South Penn. QU Co 148 150
Southw Penn. Pipe Line Co 85 86
Standard OU Co.( 1nd.)....’ 60% 60%
Standard Oil Co. (Kans.).... 42% 43%
Standard OU Co. (Ken).... 108 109
Standard OU Co.( Neb).... 241 243
Standard OU Co. (N. Y.)....
Standard OU Co. (0hi0).... 307 310
Swan A Finch Co 57 59
Vacuum OU Co 63 63%
Washington OU Co 28 30
Penfe-Mexican Fuel 34 36%
Crude Oil Production.
NEW YORK. April 10.—Domestic
crude oil production during the
week ended April 5. was at an
average of 1,915,000 barrels a day,
an increase of 2,600 barrels daily
over the preceding week, according
to the American Petroleum Insti
tute today.
The feature of the production
figures was an increase of 14,950
barrels a day in Oklahoma which
was offset by reductions elsewhere.
Imports of oil declined 63.000 bar
rels a day to 272,571.
D. C. TO HAVE STATUE
OF ARGENTINE HERO
The Senath today passed a bill
authorizing the erection of a statue
to the Argentine liberator. General
San Martin, on public ground in the
District of Columbia.
Ope-, High. Low. doge
Money on call.. 414
Stocks sold to-
ll am. 12 noon. Ip.m. 2 p.m.
244,400
Bonds sold to-
ll a. m 12 noon. Ip.m. Jp. m.
2,935,000
I =
Five Convenient Locations Condensed Statement of Condition of
Main
The Riggs National Bank
Mass. Ave.
. Park Road office—l4th and At the close of business, March 31,1924.
Park Road
Washington Heights Office, pvonTTorvc
2477 18th St. N. W. T „ RESOURCES.
Q 4.U 04. 4. ' Loans, Discounts and Investmentss2o,47s,74o.4o
Seven h Street Office 7t Bonds for U. S. Deposits. 1,820,567.68 '
an ots. M. W. Bonds for U. S. Postal Savings Deposits. 149,105.72
Bonds for Circulation 98,000.00
n" , . , , Bonds for Other Deposits.... / ‘724.870.00
an ing Department Banking*Houses and Furniture and Fixtures... 1,967,807.03
Savings Department' Due from Banks 3,588,730.44
Foreign Department Cash and Reserves. .* 2,587,065.18
Credit Department Five Per Cent Redemption Fund 5,000.00
Trust Department s. Bonds Pledged for Bills Payable with Federal Re-
Tax Department BerVe Bank h200.000.«0
Safe Deposit Department f . $32,616,886.45
LIABILITIES
Safe Deposit Boxes may be Capital $2,500,000.00
rented for a nominal Surplus and Net Pr0fit551,643,277.65
' charge at the Main Os- Reserved for Taxes and Contingencies 184,395.84
i QO7 49
fice, Dupont Circle Os- Depositsi.. 26,826,712.96
fice and Park Road Os- Dividend—Declared March 10,1924
flee- | Payable April 15, 1924 , 162,500.00
and Circulation , 100,000.00
Silver Storage at the Du- Bills Payable to Federal Reserve Bank Secured by U. S. ’
, n . Bonds 1,200,000.00.
pont Circle and Park
Road Offices. $32,616,886.45
Short Term Securities.
(Furnished by W. B. Hibbs A Co.)
Alum. Co.'of A Ts, 1938.. ...1162 feTioTS
Alum. Co. of A 7s, 1933 108% 107
Am. Cot OU 6s. 1924 99%1100fe
Am. Sumatra T conv 7s, ’.25. 90% 91
Am T A T Col 4s, ’29 93% 94
Am. Thread 6s, ’28......... 102% 102%
Anaconda 6s, 1929 101% 102
Anaconda Cop 6s, 1963..... 96% 96%
Anaconda Cop 7s, ’3B >T 97%
Anglo-Am OU 7fes, 1925 102% 102%
L 8 A M S 4& '31... 93% 93%
Nat. Lea Bs.
Oreg 8 L Ref Col 4s, ’29.... 94 I 94%
Phila. Co. 6s, i|4 101 TOl%
Sin Co. Pur sfes, ’25 98% 99
Bln Co. os, ’25 97% 98
Sloss Sheffield 6s, ’39 99 99%
Heli Tel of Can 5s ’25.... 96% 97%
Armour A Co. 6fes ’25 90% 90%
B A O Ry Col 6s '29 101% 101%
B A O P L 3%s ’?5 97% 98%
B A O 8 W Div 3fes ’26.. 97% 98
Bell Tel of Can 7s '25. ... 101% 102%
Bell Tel of Pa 5« ’4B 97% 98%
Bethlehem Steel T 6s '48.... 98% 98%
Braden Cop Min Col tr <s *3l 102% 102%
Can Nor Ry ,6s '25 ;.| 991$ 100%
So Pac Con 4s '29..'. 94 94%
SO N Y 7s ’3l 106% 106%
SO N Y 6%s ’33 .. 106% 106%
Swift A Co 5s ’32 92% 92%
Un Pac Con 4s ’27 96% 96%
U S Rubber 5s ’47 81% 81%
Vacuum OU 7s '36 106% 106%
Westinghouse El 7s '3l. ... 107% 108
Canadian Nor Ry. sfes 100% 100%
Canadian Nor. Ry. 6s 100% 100%
Cent. Lea. Ist Hen 6s 95 | 95%
Cudahy Packing Co. 5%5.... 86fel 87
Federal Sugar Ref. 6s 99%, 99%
Hocking Valley 6s 99%|100fe
Liberty Bonds,
(Furnished by W. B. Hibbs A Co.)
Liberty Bfee 399.02
Liberty First 4%5.... x 99.26
Liberty Second 4%5..' 99.22
Liberty Third 4fes 100.06
Liberty Fourth 4fes.. 99.27
U. S. Treas. Ctfs .v. 100.20
Freight Loadings Decrease.
NEW YORK, April 10.—Revenue
freight loadings on American rail
roads during the week ended March
29, totalled 907,548 cars, a decrease
of 1,103 from the previous week
and 28,726 from the corresponding
period last year, according to the
American Railway Association to
day.
However, loadings were still 95,-
740 cars above the total of two
years ago.
9
®The National City Bank of New York
including
Domestic and Foreign Offices
Condensed Statement of Condition as of March 31,1924
* ASSETS
SURPLUS
_ j CASH in Vault and in Federal Reserve Bank . $93,600,785.65
Due from Banks, Bankers and United States
UNDIVIDED Treasurer 128,058,151.82 $221,658,937.47
PROFITS Loans, Discounts and Acceptances of Other Banks ' 497,508,631.94
United States Government Bonds and Certificates $95,323,556.61
$92,885,972.49 State and Municipal Bonds 8,682,743.03
Stock in Federal Reserve Bank 1 . 2,550,000.00
. Ownership of International Banking Corporation 8,500,000.00
Other Bonds and Securities . 49,818,892.74 164,875,192.38
Bank Buildings ...... 13,062,966.63
Items in Transit with Branches 159,504.41
Customers’ Liability Account of Acceptances . » 35,366,482.95
Other Assets «... 1,489,827.57
TOTAL - . . * . $934,121,543.35
LIABILITIES
Capital. . . . . . .$40,000,000.00
Surplus 45,000,000.00
Undivided Profits (after deducting quarterly divi-
dend payable April 1) 7,885,972.49 $92,885,972.49
Deposits 740,085,118.46
Acceptances of Other Banks and Foreign Bills
Sold with our Endorsement 46,202,976.09
Acceptances Outstanding as Per Contra . . . $35,366,482.95 '
Anticipated by Customers ....... 2,463,481.02 37,829,963.97
Circulation 2,133.395.00
Bonds Borrowed . . • . 1,958,000.00
Reserves for:
Accrued Interest, Discount and other
. Unearned Income $2,621,079.55
Head Office Taxes and Accrued Expenses, et cetera . 4,770,365.45
ss Wall Street Contingencies a • 5,634,672.34 13.026,117.34
New York TOTAL « . . . . $934,121,543.35
N. Y. Cotton Market.
NEW YORK, April
futures recovered sharply at the
opening today In response to the
pronounced strength displayed on
the Liverpool exchange. Gains
ranged from 68 to 76 points.
May opened at 31.70, up .68
pointe; July at 30.40, up 76 points,
and September at 26.88, up 68
points.
Rail Income Gains.
WASHINGTON, April 10.-»-Net
income in February of 178 railroad
and 16 switching and terminal com
panies was $71,191",664, compared
with $39,274,897 in the same month
last year, according to the Inter
state Commerce Commission today.
»
< , WE WISH TO ANNOUNCE
THAT THE NAME OF THE *
HUGHES FINANCE CORPORATION
HAS BEEN CHANGED TO
HUGHES AND COMPANY
INCORPORATED /
INVESTMENTS
• : **•
1418 EYE STREET N. W.
WASHINGTON, D. C.
ADVANCING WASHING
TONS INTEREST
Foreign Bonds.
(Furnished by W. B. Hibbs & Ca.)
French 4a |; u
French ,6a ’... 43-<
Premium 5a mu,
British Victory 4a 31*
Rational War Loan 5a ?...... 3<3
War Loan 5b , aa.
Italian Notea 1*25 4«u
Italian 5s is
Belgian Rea. 6a... ’’ 41
Premium 5a 43
1 ■—I—.
Capital
. One Million Dollars
Continental* Trust Company
14th and H Streets
29

The Washington times. [volume], April 10, 1924, Page 29, Image 29
About The Washington times. [volume] (Washington [D.C.]) 1902-1939

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The Washington times. [volume], April 10, 1924, Page 29, Image 29
About The Washington times. [volume] (Washington [D.C.]) 1902-1939