Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-07-02
LIBERTY BONDS IN
DEMAND, AND FIRM
ny /. A. FLEMING.

Bankers report a large investment
demand for liberty bonds. with the
preference of investors at this time
running to the victory Az per cent
notes. Most of the orders are filled
on the New York market and the
orders themselves are placed through
banks, Indicating that the investors
are not among the usual speculative
traders or investors.
All other issues showed a f1rmer
tone. The first 3ks showed an adj
vance of 10 points; first As, 10 points;
second As. 40 points; first ANS, II
points: second. ANS, IA points; third,
AVS, 10 points; fourth Az s. IS points;
viGtory 4As, points, and victory
AVS. points.
There was also a better investment
demand for other bonds. especially
Belgian Is.
Big Stock Offering.
Crane, Paris & Co. of this city are
offering s2O,000,0o0 par value of the
preferred per cent stock of the
Goodyear Tire and Rubber Company
of Akron. Ohio, and S10,o0o.000 com
mon stock. two shares of preferred
and one of common at $500. The COM
III
business of the country; it's good will
is capitalized at 81 and it's earnings
to May 20 for the fiscal year 20 per
cent Annual earnings on common
stock have exceeded an average of "a
per cent for over twelve years.
New MiIlion-DolInr Company.
A charter was granted yesterday
for the formation of one-million-
dollar local industry, with leading
Of ha d
with the project. thereby assuring its
successful inauguration.
The corporation will be known as
the Abner-Drury Company, capital,
100000, to engage in the manufac-
ture Of beverages.
president of the Merchants Bank;
Paul Eschner and Joseph A. Rafferty,.
1t is probable that the company will
operate the former plant of the Alb
ner-Drury Brewing Company.
Increase In Dividend.
Shareholders of the Seventh Street
Savings Bank were pleased this morn
ing to receive Semi-annual dividend
checks of ~ per cent, an increase in
the annual rate from 8 to Z per cent.
This institution has been showing a
steady gain in business right along,
and the extra payment to the stock
holders is the result of the healthy
growth.
A Word OF Appreciation.
On the local stock exchange, after
todays session, Eugene +. Thompson,
president of the exchange, said good
bye to Charles J. Bell of the American
Security and Trust Company, who
leaves on Tuesday en- route to Eng
land The members applauded the
expressions of good will and friend
ship and then gave Mr.. Bell hand
some travelling bag.
Mr. Bell responded briefly and as
sured the members that once outside
of the three-mile limit the exchange
would be appropriately toasted.
On the Local Exchange.
Railway preferred was again the
leader on the local exchange, 1875
shares being sold at 40k. A few
shares of Norfolk and Washington
Steamboat stock brought 212.
Washington Gas was higher, selling
at As.
Succeeds Mai. Hyde.
Edgar E. Mountjoy, who has been
assistant secretary of the national
bank division of the American Bank
ers' Association for some time, sue
ceeded Maj Fred w. Hyde. as secre-
tary of the national bank section. the
latter having been chosen executive
secretary of the chamber of commerce
of jamestown, n. Y.
All Adjourn Until Tuesday.
All stock exchanges adjourn from
the close of business today until the
opening session of Tuesday morning.