davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
Security Bank Buys Site.
FURNISHED by w. b. Hibbs & Coz
Closing prices:

That the Security Commercial and
Savings Bank, of which Capt. Julius
1. 'Peyser is the president, has Just
purchased the banking house site be-
came known in local banking circles
today.
The site embraces about 5000 square
feet OF ground, and is regarded as an
ideal one for the banks business.
The property was held by Justice
Hitz, of the District Supreme Court,
and his former law partner, j. 3.
Flannery.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
Stocks and Bonds.

In my opinion, bonds and high
grade stocks have not by an means
reached the climax Of their upward
movement. When, however, new
issue is floated at less than Az per
cent return, it is time to pause and
consider how much further the ad-
vance is likely to go in the gilt
edged market. 1t would be logical
to look for the veering of interest
to other sections of the investment
market, particularly to bonds yielding
distinctly higher returns and sea
soned preferred stocks Offering a
generous income.
The public would do well not to as
sumo that the buoyancy of the secur-
ity market will be maintained without
at least temporary abatement from
time to time, not merely because set
hacks are natural after violent demon
strations, but because there Is likely
to be experienced more or less disap-
pointment over the progress of bust
ness recovery. At present 1t Is fash
ionable to picture the situation in the
brightest colQrs possible. TO empha-
size, not to say over-emphasize, all
that is favorable, and to minimize or
gloss over whatever Is unfavorable'
The rigors of winter, however, may
modify both the rate of Improvement
and general business sentiment.
II is because such development
Is. to my mind, possible, almost prob
able. that I believe 1t is prudent 70
counsel moderation rather than unre'
stricited optimism at this time when
there is danger of many people being
carried away by events In Wall street
and by the neutrality-suspicious. the
oral optimism--now in vogue.
The new tax bill, of course, pleases
nobody. but even its sponsors have
promised that It will be taken In hand
at the earliest possible moment and
drastically amended.
Copyright, lss1. by b. 9. Forbes.)
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10

ton store in the
new City lu b,
building.
ccording to
statements m a d g
by the company's
h e q d architect,
who is personally
supervising the in
stallation of fix
turse and decora-
tions, the store will
be a radical de-
parture from the
usual type of music
store.
In addition to
this location, the
company has al
ready made ar
rangem e n ts for
three other branch
stores, for Wash
ington.
The co m ny,
which has set its
mark for fifty
stores for the first
year, running from
coast to coast, will
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
r.HpAsssssssFRss.snr BUSINESS AND FINANCE
Local Stocks.
WASHINGTON STOCK EXCHANGE.

Six deals In Mergenthaler today on
the Washington Stock Exchange,
marked the return of that security
after two days quiet, the price
starting at $50. but quickly going
back to 1871. Ten shares went At
the high of the day. while forty.five
went at the last named figure.
Potomac Electric G. NJ. 6's. to the
extent OF $4,000, changed hands in
the other feature sales of the SEES
sion, $1,000 going at 9Sh and $4,000
at 9SA. At the opening q 81 900
bond of this security sold at ssh,
Capital Traction shares, to the ex-
tent of five, sold at %, while ten
shares of Washington Railway pre-
ferred went at 90. Thirteen shares
of Commercial National Bank stock
sold at 1873, while ten q few mo-
menfs later sold at $780,
Near the close of the session q
$1,000 Washington Gas sold at
901a.
SALES.
Potomac Electric GIN 8's, 10000
9Sh. Capital Traction 5@93.
Washington Railway and Electric.
pfd., 10@62, Commercial National
Bank 10@12s, 3012S. 100130. Mer-
genthaler Linotype, 100130. 100
1871, 10@12sh, 10@12sN. 1O012sh.
AFTER CALL.
Potomac Electric GIN 6's, 81 ,0000
98h, S4,O00@98h, Washington Gas
5s $1.o00@9oh, Mergenthaler Limo
type, 5Q129k.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10


The Times VIII be glad to AID yosi
Write us fully, inclosing stamped. a.
dressed envelope for reply, and sddres
tho Financial Editor.
Atlantic LObos OIL.
l.. A.-Kindly inform me as TO
the investment value of Atlantic
LObOs on.
The stock is on the Curb market
Has it ever paid any dividends
I have been tipped off to buy it az
$40. What is the par value?
Is it an established company?
Answer-Atlantic Lobos Oil was in.
corporated in September, 1919, and is
a very considerable factor in pc.
troleum production. ~
1t owns in Mexico oil leases esi
100, 900 acres with twenty miles Of pipe
line, big refineries, and general
equipment.
Outstanding capitalization consists
of 498,148 shares common, and $40.
000, 900 preferred.
One-haH of each was issued to Al
Iantic Oil Producing Company. con
trolled by Atlantic Refining Company
No dividends have been paid on COIL
mon stock.
The latest financial statement Is foY
the 1920 year; therefore to attempt 10
"tip off, any one on this stock seems
to be no more than guessing at 1t, be
cause much that is favorable or much
that is unfavorable may have de
veloped meanwhile.
The net profit from operations in
1920 amounted to $1,051 ,915. t
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
New York Clearing House.

NEW YORK, Dec. 10.-Clearing
house statement: Exchanges, $685..
0oO. 900; balances. .s4s, 100, 900. Fedora,
reserve bank credit balances, s32,-
zoe, 900.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
Coffee Market.

NEW YORK. Dec. 10.-Coffee open.
ed unchanged to ten points higher
today. December. S.95@S.97: March,
s.sSGS,90: May, S.73@S.74; July, S.72
1s.74; September, SIS bid.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
United Photograph
Stores Starting Here

The United Photograph Stores Incorporated the
tive offices of which located at Ito West Thirty
street New York city with the local branch office in the
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
Mr.. Savage I'm Indiana.

President Francis M. Savage, of the
Northwest Savings Bank, is in Gary.
Ind, on a business trip.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
Mr.. Douglas in New York.

Charles A. Douglas, general counsel
Of the Continental Trust Company, is
In New York on brief business trip.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
Point of Interest.

The most significant feature of the
market has been Baldwin's action
since it sold ex-dividend.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
Holding tho Check Rein.

While secondary initiation of a sort
may be necessary, the leaders are not
going to permit any industry to get
too much out of line any more.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
Playing Safe.

The leading brokers are adhering
strictly to investment issues when ad-
yising customers at this time.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10

American Sumatra Selling.
What is>the character of the sell.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
Old Price Cuts.

Rumor of a cut in the price Of
crude oil has been in flotation about
a week.
While some oil officials scott at
the idea. statements made by others
would tend to confirm the report.
Announcement of some such action
Is looked for during the coming week.
Those who expect 1t do not believe
1t Is going to affect the general sit
uation. however. ,
They state that few of the small
err oil companies have been getting
out Of line. 1t is claimed that they
have been borrowing to store oil for
higher prices.
AS the banking powers that-be are
inclined to frOwn on any such specu-
lation, they will take corrective mea-
sures. The result will be some reduc-
ton. In the long run the leading oil
men look for a steady market and in
some instances even higher prices.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
New Revenue Bill.

Constant demand is expressed Tot
further changes in the revenue act
and Washington advices indicate thai
a new bill will be presented next year.
The principal bone of contention,
SO far as the financial district is con-
cerned, In the surtax. Naturally
most OF those In the Street desire q
lowertrate. Oh
Whether they will get 1t or not ia
another question, the settlement of
which is too far distant for discus
sion.
One pertinent fact. however, is the
increasing support to a sales tax.
There are few I'm the financial dis
trict who do not favor such action
now, and the measure is finding In.
creasing favor throughout the c9anl
try. =
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
Steel Tonnage Today.

NEW YORK. Dec. 10.-The U. 9.
Steel Corporation will issue Its
monthly report on untitled tonnage
at noon today.
Another decline is expected. Or
ders on hand at the close of October
totalled 4,2S6,S39 tons. a falling off
of 273.s41 tons from those Of Sep
TENDER.
Should an equal decline have been
experienced during November, which
is considered quite likely. untitled
orders as Of November 30 would
total some 100000 tons.
This would put tonnage down to
a new low basis.
The falling off Is due to the sub
stantial increase I'm operations as the
corporation is working ut around
80 per cent of capacity.
In order for this operation to be
continued the expected further in
creases In railroad buying will have
to materialize.
Absorption Of Bonds.
Another proof of the Unsuitable de-
mand for bonds is found in the offer
ing of Public Service Corporation Of
New Jersey rs. which were sold in
less than one hour.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
Wall Street Gossip

Ing in American sumatra? one of the
insiders was asked.
He replied: I'm my opinion the self
ing Is principally short sales. One
firm sold 1000 shares at the opening
and this was followed by a succession
OF offerings by the same houses az
have been active whenever American
Sumafra has been raided by the bears
during the past year. Some of the
floor traders also sold. You will no.
tice that the low price of the stock to,
day was within three-eighths of the
lowest price ever recorded on the ex.
change, which does not look good
after a ten weeks advance in the gen
eral market"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
INVESTORS SERVICE.

IL You have an investment problen..
The Times VIII be glad to Aid yosl
Creased envelope for reply, and sddress
the Financial Editor.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-12-10
Caution.

IL traders would place a margin
call where they would see it every
hour there would be greater num-
Der OF successful operators.
The evening world., 1921-06-02
MIKE DADY, BOSS,
CONTRACTOR DIES

Michael. ]. Dady, Brooklyn poll
tician and contractor, died to-day at
st. Mary's Hospital. Brooklyn. where
he had been Ill for about three
months. He was one OF the best
known men In Brooklyn, where he
was born seventy-one years ago. For
many years he was leader in the old
Third Ward. now the First Assembly
District, in Brooklyn. He was n fac
tor in state politics, being a friend OF
the late United States Senator Thom.
as Platt, and of former Gov. Benjamin
b. OdelL
Mr.. Dady was a delegete TO several
national conventions. and to every
New York State convention for the
past forty years. For the past twenty
years he had had Government con-
tracts in Havana, where he spen,
most OF his time. Upon hts return
from the Cuban city ha developed
pneumonia and was taken 20 st
Mary's.
He Is survived by his widow and one
son, Chester A. Dady. No arrange
ments have yet been made for the
funeral Mr.. Dady lived at the Hote
st. George.
The evening world., 1921-06-02
LEONARDO BEATS GREY LAG IN
W|THERS STAKES At BELMONT

Brighton, who proved easily best at
every step of the mile and a six
tecnth. Sande sent him to the lead
followed by a closely massed form
alton of which Tom McTaggart was
most prominent through tho run
around the turn while Bifr Bang. \
heavily supported one, was in closo
quarters and the victim OF repeated
crowding. In the stretch run Lord
Brighton held his advantage handily
while McTaggart drew away from
the remainder to account for second
honors, handily over Paddy Whack.
The latter was badly outrun through
the early stages and came fast
tion to overtake Biff Bang and the
others. The winner advanced from
a selling price of $4,000 to $1,000 by J.
c. A. Coburn and Sam Lewis, and
then retained by the stable with the
customary IS protective bid.
There was regret when the veteran
Stromboli was beaten in the third, q
selling event over the mile and n six
teenth distance. Away none too well
he was rushed to the lead and fought
with Regal Lodge for the pace for
seven furlongs, After subduing the
latter he drew away to a comfortable
lead in the final eighth and was
slightly indulged by his rider. Sande,
when Devil Dog. at 80 to l, coming
with n rush from n rear position,
threatened in the final strides Sande
attempted to rouse his mount, but the
effort proved tiring and he was beaten
by the shortest OF margins. Stromboli
was "A prohibitive fayorite. being held
at the short odds of / TO g. and there
was little speculation either on or
against his chances.
The evening world., 1921-06-02
MRS.NOTTPLEADS
GUILTY AND GETS
PRISON FOR LIFE
Widow Admits Second Degree
Murder After NotCS TO Wade
Are Introduced.

RUlDGrPORT. Conn. June a.
Mrs. Eihcl IIuichins Mott on trial
hero charged with thu murder Of her
husband. George n Mutt. to-day
pleaded guilty TO murder In the
second degree. Judgo William M.
Malthic scntcnc"d hnr to llfo I'm
prisonmept She collapsed on hea ring
the sentence and war carried from
court
Mrs Mott changed her plea after
counsel for tho State introduced let
tors alleged to have been written by
hor 10 Elwood H. Wade, who was re-
ccntly hanged for numbering Mott.
The letters were said I" have been
written while Mrs. Mott and Wade
were in jail awaiting trial.
States Attorney Homer s. Cum
mings vas averse TO accepting Mrs
Motifs plea, but Judge Maltble said
he was moved TO accept It by the
physical condition OF the accused and
the fact that she might not be able
to go on with the trial.
John Johnston later pleaded guilty
to manslnughter in connection with
the murder OF Mott, and was SEN
fenced ey Judge Mai:bie 10 one year
Ia iaI..
The evening world., 1921-06-02
DEAN IS LEADING
Jersey GOLFERS IN
QUALIFYING ROUND
Princeton Team Captain Gets
a Score of 77-Reekie Two
Strokes Behind.
Bv William Abbott.

SUMMIT, N. j., June 2.--J. Simp-
son Dean. Princeton golf captain. led
the early field in the eighteen hole
qualifying round for the Jersey State
golf championship to-day over the
rolling course Of the Canoe Brook
Club. Deans score OF IT was re-
markably good, as tn ehusky young
Tiger had never seen tho links hero
before.
Two strokes behind Dean came
william Reckie of Upper Montclair,
the defending title holder.
T. F.. Hale Of Reckless club came
next with an 80. and the remainder OF
the early arrivals at the finish mark
wero well strung out. There were
many ambitious but unfortunate
players who. tried to conquer tho
Canoe Grub bunkers and finally es-
capped with scores over 30. Their re-
ports registered sad news at nearly
every hole over the hilly links.
The starting field, numbering 128,
was the strongest that ever COM
peted for the State title. Every club
in Jersey was represented and some
Of the larger organizations like Bal
trsrol, Upper Montclair, Shackamax-
on and Essex County had some regi-
ments OF sharpshooters In action.
In the lineup were william Reelie,
the stocky Scotchman from Upper
Montclair, who captured State honors
in 1920. Jerry Travers. the countrys
amateur golfer ten years ago. entered
this tournament hopeful Of staging q
comeback for national iaurels.
Other stars were J. Simpson Dean
Of Princeton, one OF the leading col
CONTINUED on Second Paee)
The evening world., 1921-06-02
Xalapa Farm Entry Wins the
Handicap, Sporting Blood
Finishing Second.
Blu Vincent TreanOr.

RACE TRACK. BELMONT PARK,
June 2.--The historic Withers Stakes
which were inaugurated in 1874 were
run at Belmont to-day, and n large
crowd assembled to see the race.
Leonardo I'd, at 16 to 5, dazzled the
remainder of the withers field uf
seven with his high early speed.
Schuttinger had him away like a
shot out Of gun and into an imme-
date wideNlead that found the others
staggering when they reached the
home turn. Grey Lag and Exodus
the closest attendants, attempted to
close toward him, but faltered badly
Sporting Blood, who had alternated
In last position with Touch Me Not
through the early morning, found his
way through along the rail in the
stretch run and easily subdued the
firing Grey Lag. The latter lasted
long enough to save save third hon
ors over Touch Me Not. Leonardo
I'd ran his mile in 1877 20. His vic
tory was loudly acclaimed by the
Xalapa Lexington Stable confeder-
acy and their followers.
Cum sab, after showing the way
throughout the six and half fur
longs OF the opener, held on well un-
der a drive and saved the honors from
the fast finishing favorite, Neddam'
who was compelled to come on the
outside OF the field through the
stretch run after getting away in a
sangie. lie would have won in a few
more strides. Diomedes, running for
the first time in the Marshall colors,
was a formidable third. Whalebone,
In the j. e. Davis colors, was a close
contender through the early running
and finished fast along the inner rail,
The Rancocas Stable and Jockey
Sande continued on their winning
way by accounting for the second. a
high class selling event with Lord
The evening world., 1921-06-02
81 HOPE YOU WILL NEVER
DRAW ASWORD OR FIRE A GUN,"
SAYS HARDING AT ANNAPOLIS
While | Am President You Won't Except
When You Can Answer to God With
an American Conscience"


will called sword fire
told graduating class the Naval Academy
o..
President you'll called
fire do with that American conscience
fellow men, MIR Harding
Il to misunderstood want America unafrad
but help make republic Of conscience republic OF
sympathy a republic high IDEALS"
The President moorcd Annapolis this morning After stopping
residence of Admiral Scales superintendent
Academy party which included Harding
armory herethe ceremonies held
The evening world., 1921-06-02
PIPP AND SHAWKEY
GET HOME RUNS.

POLO GROUNDS. June e.--Home
runs by Pipp and Shawkey gave the
Yankees fve runs in the frst two in
nings OF to-day's game with the
BroYns
NoNaIy and Ruth were on hrst
and second when Pipp slammed the
ball Into the left feld bleachers Ia
the FIRST frame. Sohang was on first
when shawkey lifted his blow into the
same spos.
The visitors scored a run in the
third. Shocker singled. went to sec
ond on Gerber's walk and scored on
williams's single to centre. ShoclSel
walEeA Babs, ruth twioa.
The evening world., 1921-06-02
WITHERS STAKES TO LEONARDO:
YANKEES LEADING ST. LOUIS
Racing Results, Charts and Baseball
Evening World Racing Chart

BELMONT PANk JUNE 2--wEATHER CLEAR TRACK FAST.
81 ttmsr
The evening world., 1921-06-02
SENATORSDEC|DE
ONINYEST|GAI|ON
OF CLOTHING TRADE
New York Employers and
Workers Fail to Head or
u. S. Inquiry.

WASHINGTON. June 2.--Investiga-
ton Of the mems clothing business
was virtually decided on to-day by
the Senate Education and Labor
Committee in spite OF efforts by
both employers and workers in New
York u have tho committee delay
action on the Borah resolution for an
inquiry
Though the committee took no
formal action To-day on the Rorah
resolution. II was stated q favorable
report awaited only the receipt OF
information regarding the terms of
settlement of the New York strike
and n determination ns 10 what
members of tho committee havo time
to go 10 New York to make the in. q.
quiry.
The Analgamatcd Clothing Workers
of America wis assnjlcd hetnrc the
committee to-day us n rcd" orgnni-
zation by William A. Rlndlcr. Prcsi-
dent OF tho New York Clothing Trade
Association. and Archibald j.. Steven
son. COUNSEL for that organization.
Stevenson was formerly special coun-
sci for the Lusk legislative invesu-
eating committee in New York.
They told tho committeo that tho
clothing makers union Is n hothcd OF
Bolsheik propaganda in tho United
states, and insisted that for the good
OF the country tho investigation
ought to 20 on. COMMITTEES members
said they want TO learn whc'her the
strike settlement just agreed on was
reached in good faith or whether It is
an attempt to stave off the investiga-
ton 10y throwing dust" in the com
mittee's eyes.
Another meeting will be held in a
few days.
I'VE never attempted to prevent an
investigation OF the clothing indus
Try" President Sidney Hillman of the
Amalgamatcd Clothing Workers OF
America said to-day.
AN Investigation won't affect US
at all and we've made no effort 70 in
fluence the senatorial committee con-
adering the action"
Representatives OF AmRlgamated
Clothing Workers OF America met at
No. 81 Union Square to-day. while
represen tat!ves OF the employers met
at the Office of their counsel, Max ID.
Steuer, No. ~ Broadway. TO sign tho
arbitration agreement already tenta-
: lively reached for the termination OF
the clothing workers strike.
IL was said that tho non artisan
chairman Of the arbitration board
probably would be named to-day and
that the cutters would go TO work at
once, the tailors In a few days Al
noon II was said that none OF the
strikers had a. yet returned 70 the
SOes ... .-. -, 30
The evening world., 1921-06-02

"Mr. Lawrence" asked Mr.. un-
termysr, show can you expect
building 10 to be stimulated "
people have to do these thinas 10
GET money!
~ wish they didn't," said Mr..
Lawrence.
People who want to borrow
money can't get Il unless they
buy suburban Iots they don't
want, unless they buy rum down
tsnsnents, unless they bsy La
srty bonds at par, unless they pay
huge diseounts-and these sxse-
tions are made BY persons with
respectable sounding names, are
they notY"
"Some ot then, are very respsc-
table," said Mr.. Lawrence.
~ said" Mr.. untsrmyer 70.
torted sharply. "'respeetabIs
sounding"
Hero arr some of the score or more
of transactions taken from Mr.. Law
rence's experfcnce:
A loan of sZio.O0c to ''b3 West 72d
Street Incorporated" by the Man
haitian Life Insurance Company for
five years ut s l-2 per cent: the Dor.
rowes paid II. C. Forbes Il Co,
brokers for the bank. a per cent. Zee
or SO. 800 for getting the loan; the bor-
rowers also had to buy from Forbes
for $4,000 n three-story brick house.
they did not want at No. 2l23 Fifth
Avenue 07,5o0 being deducted from
the s2io,oOo and $500 left on mort
gage,) u
The North River Building corpo-
ration borrowed $4,000 for five
years at per cent from the Brook
lyn Savings Bank: the money" was
paid In Victory notes at par (selline
then a little under 95): the bonds
were Immediately sold. Mr.. Inter-
myer said ne thought they were sold
back to the bank through a title COM
pany. y
The 800 Madison Avenue Compant
borrowed ss5o.OOO from s W. straus
Company, at per cent. for 10 years.
the loan was made by the purcha 50
OF ,SSo.OOo worth of bonds OF the 30l
Mad son Avenue Corporation al
IS l.. or s75,, $50; the building COR
poratIon also had 10 pay a commits
sion OF $500 To Lawrence, Blake q
Jewel and all legal expenses. q.
The Armstron Realty Company
Cater the Eastern Building Company}
borrowed yi.s5o,Ooo on first mortgage
and s325. 900 on second mortgage on
the property at Nos. $3.50 Varici<
Street for building to be leased TO
the United States as a branch poss
once for twenty years at totsl
rental of ioo.oose TAsy .pa'a asa
~ 81