Evening Star Newspaper, April 5, 1924, Page 13

FIN ANCIAL. FEW PRICE SHIFTS IN LOGAL PRODUCE Wholesale Market Is Featur- ed by Usual Week End Condmons. market for meats, stock, butter and week today in the | r. smoothly and just about and fow the The wholesale h. poultry, live the usual Saturday mann ietly. Prices today were the same as existed Monday, fluctuations noted during Week =5 closed were Review of Vegetahle Market. The Department of Agriesteare’s survey of the vegetable market fol- | les—Supplies moderate; demand ady. | Barrels, | and West Vir- inches up, W inesaps, 1 50; Black | 50; Yellow:| fancy Romes, ASPATARUS — 5 res Tate, m y. Cali- binched green, large cdium size, mostly applies liberal; de- mand me arket steady. New stock, Florida, 1'% -bushel Copenhagens and pointed 2,00, barrel quality, ! lcebe T type, best, 6.00; 500 Florida, Boston type, ; demand light, market 4 Michigan, 1 Potato Market Steady. Supplies moderate, market stead — Supplies weaker Florida, wrapped, W, 4.50; falr choice count, | poor condition, ¢ light, No. 1, mar- 6.00a | these variov Hlief that the current sharp advances 1 BY WILLIAM F. HEFFERNAN Special Dispatch o The Star. NEW YORK, April 5.—The od- vance in public utility stocks was carried further in today's brief ses- sion on the curb exchange and most of the group made new high prices, Analysis of the earnings position of companies beafs out be- have not been unwarranted. Commonwealth Power was the fea- ture, crossing 80, where it was more than ten points above last week's close. Tennessee Electric Light and Power common gained over & point, American Gas and Electric new rose two poiuts and Lehigh Power securi- NEW YORK, April 5.—Following is an official list of bonds and stocks traded in on the New York Curb rket today: nONDS. High. Tew. Close, W o T mfi'. 1007 Py 10 etn' Seeen 7o 1 Cou Nat Ry By i Charcoal Co A & Kennecott Cop 7 - Lehigh Power 6 FOREIG Yex Gort 6 cf dp vt m;- mter 153 ] 955y NDARD OIL ISSUES. 10 Swiss Gort Sales in units 400 Anglo-Amer Ofl ... Gigast G " Humble O & R new 4174 Imp il of Can .. 109% market | 'Ts, most- | -1b. crates, 10.00. | als Past Twentyfour Hours. | : California, 4 unbroken broken cars | barrels Virginia | 7 unbroken cars | 1 South! nbroken Florida, 10 buskets res 5 broken ,'1 Florida track; 6 broken unbroken cars | 1 broken car| Texas unbroken ¢ 150 baskets Florida_expro baskets North Carolii i plant, 35 crates Floriaa, 10 shipped New York express; 40, baskets rida_expre. rate. peppers, ; spinach, broken e refr; broken arrels \m,mlv. boat. COMMODITY ISSUES , DEVELOP STRENGTH | Buying Power Recovery Past Week Seen as Correcting Weakened Technical Position. Ry the Associated Press. N V. YORK, April f.—Virtually all financial and commodity markets pointed upward this week i The recovery in stock prices gen- | erally was characterized as a correc- tion of weakened technical position after the recent long decline. Buying power was limited and came largely from the short interests who were hurried into covering their commit- ments by the brighter prospects for early action on the tax reduction bill | and the possibility of a favorable re- action here and abroad to the Dawes reparations report, which is expected within the next few days. | Investment buying was noted, how- | ever, in the railroad shares, which assumed the leadership of the market for the first time in months. This was predicated on the unusually good Feb- ruary earnings statements and the expressed opinion of Interstate Com- merce Commissioner Esch before the congressional committee that a re- vision in freight rates would be dis- astrous to business and that rates should not be altered to meet price fluctuations Trade reports showed further ‘a- dications of a slackening of business in many lines, although March ingot production was believed to have reached the peak of last April. Do- Tuestic oil procuction continued to de- cline, while consumption was steadily increased, but the only important price altération was a further ad- vance in Gulf Coast crude prices, Industrial shares moved up smartly in the early part of the week, but Lecame sluggish later, when specu- lative interest was divertel to the railroad group. Temporary strength of the copper shares was based on #peculative expectatfon of an in- creased European demand. Shippings and oils also maintained a firin tone. Further recovery of French ond Bel- gian francs featured the foraign ex- change market. The French franc crossed 6 cents to a waw 1924 high on buying attributed to short inter- ests, who delayed covering their cam- mitments until they became due at the end of the month, SATG W SR S5 oS Ask Your Banker How much real value wtands back of the stock you are asked to buy? Are you sure that the nice, honest- Jooking stranger is telling you the truth? Ask your banker to look inte o What he claims, z 7 0 8 0 N 9008 08T aew 10 8 0 Obla. 10 Swan & Finch’ o 4100 Vacuom Oil new.. 64% Sales INDEPENDENT oIL STOCK in bunds Carib Synd - Cities Seryice . ities Serviee prd.. 1 Cit Serv B ofs ... $2.000 Cit. Sery serip. .. K Creole Synd 1 Derby 0 & 2 Livinzston Pet 40 Mex Oii . 14 Mex Panueo 9 Mount Frod & Monnt Gult 24 Mutual Oil voi e 6 New Brad 0l wi.. Sunstar Wilcox 0il & Gas. INDUSTRIALS. Gas & El pfd 2 4 Wanted Second Trust Notes We have clienis with funds to purchase good SECOND TRUST NOTES in denomin: tions of from $500 to $10,000. Low rates if security is good Apply at Once to Our MORTGAGE DEPARTMENT HANNON_& LUCHS) 713 and 715 14th Street NW. Main 3346 f Your Own Interests—— 'H' demand that your sav- ings be placed where they will earn the maxi- mum consistent with absolute safety. These conditions are ideally fulfilled in our w e % 1418 K Street Main 617 } By the Associated Press. THE W YORK CURB MARKET Recelved by Private Wire Direct to The Star Office ties crossed 60 to a new top on the move. Tennessee Electric Light wnd Power second preferred attracted con- siderable attention when it sold for the first time this week almost four | puints above the Jast previous sale. Reports current in the financlal dis- trict of further advances in crude oil quotations were reflected in a humber of sharp upturns in_the ofl group. | Solar Refining at 215 was selling 9 points higher, Standard of Nebraska came for more attention, while the | more active Standard Oils were up a half point to 3 points, Tealings in the South American group continued active with most of | the trading in Creole Syndicate. Mex- ican Panuco featured the low priced issues, getting to a new top on the oe at 1% F3 e Corp_wi. 18% & Mamn R R 13i, 2 Tnter “cont " Rabber 3" RB2Z,55 FEPE & ELEY R 4 i u;nau»—u;mf g 3 Ship United Bakeries pid 57 Tait Retail Candy. 4% ak Co pfd. 80 Taxi Co NY 31% MINING. Atamo Gold Mining nder Min 3 Canario Con Cop Mines new Cortex Silver ) Diamondfield B Bu Divide Extens .... Emma Siiver ingineer Gold Hardshell Min . Hollinger . Howe Sound " Kay Coppe, D.o Retty Ear Mines. Metals Product Ce Mohican Copper a Ophir 4 Nevada Hills )(lne d 2 Nipissing Ohio_Coppe: > Parmac Porenp Min Plymouth Lead Min 0 Ray Hercules Inc.. . 80 Warrior ..... . Reorgan Div Annex . Rocbester Silve; Spearhend ok Hughes ... Tonopah Fxtens ... 18 United Pustern ... Unity Gold .. 2 Walker "Mining % Wenden Copper 70 Werslomtos "Lor 0 West Utah 90 White Caps . 2 Yukon Gold .. e - FOREIGN EXCHANGE. (Quotations furnisied by W. B. Hibbs & Co.) Selling checks, toda: Lendoo. pound Montreal, dol f"'" trane 3 crown Stockholm, crown. By the Associated Press, NEW YORK, April 5.—Foreign ex- changes strong, in United States dol- at_Britain, demand, 4.34%; ¢ %; sixty-day bills on 0577%; demand, cables, B»lgmm, demand, .0483; .002; cabl. (.vrmlnv (per _trillion), 2; Norway, .13 “Denmark, Switzerland, Denmark, Greece, 0175, 00000012 Jugoslavia, .012 Austria, 1000014%; Rumania, .0051%; Argenti- na, demand, Brazil, .1140; To- kio, .42; Montreal, .97 -— Berlin Note Goes to Powers. Poland, PARIS, April 5.—The Allied Council of Ambassadors here today referred the latest German note relative to the disarmament control commission to the allied governments. First Mortgage Notes We offer first mort- gage notes in denomina- tions of $250 to $1,000, bearing interest at 7% and secured on a high- class Connecticut Ave- nue property. This is a sound, well paying investment for your surplus funds, T Reasonal tions. Ci Banking Trust & Mortgage Co. ‘Czechoslovaki, | EVENING STAR, WASHINGTON, D. (., Banking Trust & Mortgage Co. We want good First a sts In Washington and Vicinity— Terms—Prompt ' Investiga- or write. Rooms 20-21 1410 G St. N. Phone Franklin 6794 FIRST MORTGAGES FOR SALE THE TYPE OF SECURITY |i. CONSERVATIVE IN VESTORS BUY DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. :"| First* Mortgage Loans Lewest Rates of Interest and Commission. Prompt Action Thm J.fllil;llle'l;. s m. ,l“" 7% First Mortgages $250 and Up Write or Call for “Booklet” William S. Plulhps 1STH ST. AT K N.W Mata 4600. IN Improved Real Estate At 6% and 6% Wm. H. Saunders Co. Inc. REALTORS 1433 K St. N.W. MAIN 1015-6-7 - American Telephone & | Telegraph Co. | 138th Dividend | Tbe regalar quarterly dividend of Two Dol | lars and Twenty-five Cents per share will be paid on Tuesday, April 15, 1924, fo stockhold- | #r8 of record at’the close of busioess on Fri day, March 14, 1924. H m.uksm‘m. Treasarer. Capital Reqmred Active Interest of Investor Optional Local corporation engaged in exceptionally high-class non-speculative business, na- tional in scope, with unlimited field for development and proportionate profit, having recently purchased well equip- ped foundry and manufactur- ing plant, requires additional working capital. Character of business will especially appeal to experienced business man, and to such op- portunity is offered to acquire substantial interest on basis | assuring exceptional return on investment. Address Hox 203-Y, Star Office SATURDAY, APRIL 5, 1924 ts We Loan Money on we ....?;:.‘.? 4 Enmnm o, yiabs Apartment Houses, Office Bulldings, | | in second ich there is & reason- telu. Ho able margin of R‘:uflly. See Us About That Big Loan Loan Department Higbie & Ri Inc. 816 15th St. N.W. M & Phelps . Money to Loan |[FECGITABLE Prevailing interest and commission. Joseph I. Weller 42 Waat. & & Tmat ||| Co-Operative Building a Association 7 o sumprie 44th YEAR COMPLETED First Mortgage Notes Surpius Systematic Savings Secured On Improved Real Estate OF Your batacy ot the Haultanie Absolutely Safe $100—$250—$500 It is a method of saving that $1,000 Geo. W. Linkins 1719 K Street Established 1886 Subucription for the 86th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDF, Sec’y. HIGHLY DESIRABLE OFFICE SPACE In These Modern Buildings 923-925 15th Street N.W. Opposite McPherson Square Long Leases—Reasonable Rents NTIRE floors are now available in these attractive buildings. Con- venient location — excellent service. Arrangements of the floors can be made to suit the individual require- ments of the tenants. B. F. SAUL CO. Main 2100 1412 Eye St. N.\W. MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST ‘garmedt'caf .,ywmw 55 Years Without Loss to An Investor PRIL rounds out the 55th year in which Swartzell, Moore & Hill, Inc. 730 17th St. N.W. Member W ashi Note You Have Been Talking About— Pays 6% and 7 per cent Mortgage Investment Dept. SHARRON & TUCHS) 713 and 715 14th St. Rheem and Hensey Company FIRST MORT- GAGE NOTES have been offered to investors. ¢ But that alone is not significant. Merely to age is small achievement. Look, rather to the employment of the years; been made to Consider that this measure progress in what the years have accomplish. institution has the remarkable record of prompt payment of both principal and in- terest in cash for fifty-five years without the loss of a dollar to an y client. This_record has been a guide to safety and satisfac- tion for thousands of investors in the National Capital and elsewhere. How Do You Fesl Abeut Dealing With « Company Possessing Such a Noteworthy Record? Swartzell, Rheem & Hensey Co. 55 Years 727 15th Street Northwest. Without Loss to An Investor FINANCIAL. The Standard National Bank On Saturday, April F ifth will remove Northwest, where its MAIN KEEPING DEPARTMENT OFFICES and BOOK- to 1409 H Street its up-town office is now con- ducted, and will operate a BRANCH OFFICE in the present bank building at the corner of Ninth Street and New York Avenue. The concentration of the official staff in the heart of the financial and business district will insure greater convenience and still better service. Office Space on “F” Street International Building 1319-21 F Street Northwest One Five-room Suite Two-room Suite Several Single Rooms Some as Low as $25 Per Month Apply to Superintendent or Maziny Main 4752 cKEEVERfid GOS ervice Reallor 1415 Eye Street e Z: FUNDS PLACED FOR INVESTORS SELECTED FIRST MORTGAGES Conservative investors seeking liberal income re- turns plus safety of principal for amounts in multiples of $250 can place their funds profitably and conveniently through our mortgage department in sound first mort- gages on select Washington properties. The officers of this company, without obligation, will gladly confer with any prospective investor and dis- cuss loans on specific dwellings, apartment or business properties. If so instructed, they will place the investor’s funds in first mortgages on the same agent basis that the com- pany is constantly serving its regular client-investors— individuals, attorneys for estates, banks, corporations, trustees and guardians. H. L. RUST COMPANY Loen Correspondent of the Prudential Insurance Company of America 912 15th Street Main 6888 A BETTER INVESTMENT Y]ELD B. F. Main 2100 Experience has proved to a great many individuals, trustees, banks and insurance companies that conservative— FIRST MORTGAGES —yield the highest interest re- turn over a period of years. Profit by their experience and invest your funds in our— % FIRST MORTGAGES SAUL CO. 1412 Eve St. NAW. FiRsy MORTGAGE 6% INVESTMENTS \—_—/ Convenlenc C~~ A sufficiently wide range of denom- inations is afforded by these 674 First Mortgage Investment Notes to meet almost any demand. Moreover, the terms of payment may usually be adjusted to the con- venience of the individual investor. Added to the property security is the unqualified recommendation WA Construc of the MAN ompany Main 4190 ti0 INC.