Evening Star Newspaper, June 10, 1924, Page 23

] « FINANCIAL THE EVENING STAR, WASHINGTON, “D. C., TUESDAY, JUNE 10 1924, FINANCIAL 23 — e O SO % 33 NEW YORK CURB MARKET EGGS AND CHICKENS IN BEST DEMAND Few Changes in Prices Noted in Local Commission Mar- kets Today. DAY'S RECEIPTS MODERATE Banana Supply Plentiful—Vege- table Review. commission mar- products and The Washington ket for poultry, dairy live stock got under way at whout the same speed it left off Saturday. The following prices wdre reported: Eggs., light receipts, 25, subject to modification ac- to quantity disposed of; hens, 26; leghorns, 30 to 40: spring 15 to 10% top: for formally today about cordin 25 e chickens, 15 gencral receipts were moderate was understood the best busi- was being done in eggs and chickens The hanana market was declared to plentiful and cheap. 3 Jobbers in eggs and butter had no change to report in prices over ves terday and fresh meats also stood about the same The Department of report of the vegetable lows: ; calves, lambs, best. The and it be Agriculture’s market fol- Vegetable Supplie. Cabbage—Supplies moderate. de- mand slow. market steady: Virginia. Norfolk section, barrel crates. pointed type, 1.50a1.87; home-grown, uncoy- ered barrels, pointed type. 1.75a2.00. Cantaloupes—Supplies liberal, de- mand moderate. market weaker: Cali- fornia Imperial Valley Salmon T Jumbos. 38s and 455, most] standards. 43s, 4.25a4.30, mostly 4.25; ponys, 5 50, few low as 3.00 Lettuce—Supplies moderate, demand moderate, market steady: home- grown. two dozen crates, Big Boston tvpe. wide range in prices, 1.00a2.00, mostly 1.50. Peaches—Practically no supplies on market. Potatoes—Sup- plies liberal, demand steady: old 'sto sacks Russet Rurals, U 30, mostly 2.50 per South Carolina, cloth rels Irish Cobbiers, U. North Carolina Irish Cobblers, U. S. A 4.00a4.30. some poorly graded, 3 4.00. Strawberries—Supplies heavy, demand moderate, market weaker: homegrown, rates various va- Tieties ¥ 3.50a40 moderate: de- steady: Florida, wrapped, best : choice. count some decayed, and choice, count, 1.00a2.2 (String beans—Supplies heavy: de- mand moderate for good stock. slow for ordinary stock, market about ateady: North und South bushel’ hampers green. hest 4 1.50: ordinary quality and condition, #0a1.00. many refused: Virginia. Nor- 1olk section, supplies not on market. 1o sales reported. Peas—Supplies light: demand good. market steady Lomegrown small pods, 8.004 10.00. Peppers—Supplies lghi: de- mand moder market steady: Flor- few best, $.00. fair and condition. 2.50ad.50. &- wlant—Supplies light: demand mod- crate. market steady: Florida, pepper rates. few best. 1.00: fair quality ndition. 3.00a3.50. Cucumbers slies liberal. demand light, dull: South Carolin Ne. ‘I, 1.60a150, many Norfolk section. 1| hampers. hotbed stok. fancy, 50. Dewberri upplies lib- demand light. mar orth Carolina, . 2.50a4.50, mostly Cars on Track at 8 A.M. Today. Buananas—2 unknown freight, Lroken cars on track. Bee er Ncrth Carolina exp: es Virginia beat. Cabbage—331 crates Virginia boat. Cantaldupes— 2 California freight, 6 broken and 2 unbroken cars track. Carrots— 61 baskets Virginia boat. Sweet corn—30 crates Florida express. Cu- ina freight, arolina express, at, 1 broken and track. ‘Grape- 0 b, slat No. 1, cioth 1.00a mand tes crates on 1 unbroken cars fruit—Ii broken on track. Let- tuce—168 crates Virginia boat. Mixed vegetables-—2 broken cars on track. lemons—1 broken and 1 unbroken cars on track. Onions—1 Texas freight. 4 unbroken cars on track Oranges—3 broken and 1 unbroke track. Parsley—5 barrels na express. Peppers — 120 Florida express. ['otaioes—6 Carolina. 2 Michi freight rels Virginia b 10 broken unbroken cars on track baskets South Carolina on crates South 244 ba and 10 on_ track. kets North Car- olina, 4 ,baskets South Carolina ex- press, 321 baskets Virginia boat, 1 broken and 1 unbroken cars on track. Tomatoes—120 crates Florida express 2 broken and 1_unbroken cars on track. Turnips—75 crates North Car- olina express. eaches — 6 crates South Carolina express. Black- berries—300 crates North Carolina express. _— 3 GRAIN AND PROVISIONS, BALTIMORE, Md. June 10 (Sp cfal).—Poiatoes, white, per 100 pounds. 75a2.00; 150-pound sacks, 1.50 30: mew potatoes, barrel, 2.00a5.00; beans, bpshel, 75al.50; asparagus, dozen, 1.80a4.00; beans. ‘bushel, 4.00a beets, 100, 2.00a3.00; kale, bushel, 5: carrot 100. 5.00a7.00: cucum- crate, 25a1.26; corn, crate, 2.25a i her 2.50, Bgzzplant. crate, 2.00a3.25; lettuce, hamper, 75a1.75: spring onions, 100, 1.50aL.75; peas, hamper, 1.25a2.50: pep. pers, crate. 2.00a3.50: spinach, bushel, 50a75: radishes. 100, 1.50a2.50; squa basket. 1.50a2.00; tomatoes, crate, 1 a.50. Apples, packed, barrel, 3.00a6.0 hushel. 1.00a3.00; box apples, 2.50a3.2: srapefruit. boxX, 1.50a3.00; orange 4.00at pineapples, crate, 2.50a3.7 sirawberries. quart. 6al0; peaches. crate, 150a2.50; canteloupes, crate, 5a4.25 Settling Prices on Grain. Wheat—No. 2 red winter, 111%: No. 2 red winter, garlicky, domestic, 1.11%; no quotations on No. 4 or No. 5 red winter, garlicky. Sales—None. Corn—Cob, new, 4.25a4.30 per bar- rel for yellow and 4.10a4.15 per ba: rel for white: No. 2 corn, spot, 86% No. 3, §3%: track corn, yéllow, No. 3, 90. ales—None. Oats—No. 2 white, white, new, 57a57%. Rye—Nearby, 707 spot, 58a581%; No. 3 No. 2 rve, spot, %, Hay—Receipts; 123 tons. Receipts of hay are more liberal and the tone of the market easier, but there i¥ no oversupply. MarKet 'on unsound and off-color hay is weak and hay of this sort is hard to move, even at sharp discounts. _ Quotations—No. 1 timothy, 29.51 No. 2, 28.50a29.00; No. 3 timothy, 26.00 06: No. 1 light clover, mixed. 228.00; No. 2 light clover, mixed, 35.00226.00; No. 1 &lover, mixed, 27.00 227.50; No. 2 clover, 24.00a25.00. Straw—No. 1 straight rye, 23.00a 24.00 per ton; No. 1 tangled rye, 18.00 220.00; No. 1 wheat, 17.00a17.50; No. 1 oat, 16.50a17.00. TU. S. TREASURY CERTIFICATES Quotations farnished by Redmond' & Co.) Bid. Ofter. 100 100132 100 1116 100 2332 100 2532 1002832 100 2732 June 16, 1924. u-.v::.- 15, 1924, Siss September 15, 4135 December 15. 1 45 March 15, 1925 March 15, “’l’) 5 101% - b lfih W Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, June 10.—Trading proceeded quietly during the first half session of the curb market to- day and only few changes of im- portance took place. Traders ap- parently were waiting to see what | effect publication of the United States Steel tonnage figures would have on the market. Its action after these became public showed that the sharp falling off in unfilled tonnage had been discounted. Hazeltine corporation ure. getting well across 20 to a new high “record. The demand for Du- bilier at top prices kept on. and sub- stantial advances occurred in several | is a feat- NEW YORK is an official 1 traded in o Market toda. Sales in thousanis. 4 Allied 1 Alum 5 Alum 7 June 10 —Following t of bonds and stock the New York Curb BONDS. High Cloxe. Kl 1 Am Sumat Tob 7lax R Am Roll Mills 6s 17 Anacondn 6~ Am 0l 7 12 Asso Rim A G 20 &0 6 i Beth Nteel 1 Can Nat Ry Equ 3 Childs Ca #s Hiw PN 2 Cons Texti 6 Deere & (o 2 Detroit City Bt e deral Sugut e sher Body tis sher Budy 6y ir. Robt fuif 0 Tlood Rubl 8 Inter Ma 10 Kan City @ Kennecott Cop 19 L Val Har Ry MeN 1 Morrls & Co 71 4 NAt Leather Sx 2 New Orl Pub Sor 18 Nor States Pow 61 ™ Uor 8 I' dlgx Minu 11 Penn Power & Lt 2 Phila Elec 515 Pub Ser of X Pure 0il Co 61y 2 Southern Cal Ed 5x # Stind O N Y 1 Swtand 0il N ¥ Stand Oil N ¥ 10 Swift & Co 64 Un Bl L & P 1 Union Oil 63 I 2 Cnited 0il Frod S 11 Vacuum 0il 7« S Web Mills 678 wi FORE 1 lialian Power 8ls 3 Kingdom of Nethi 6 King of Neth 6s ‘3 i Russ G 6los Mat ofx 2 Swiss i 2 wiss units STANDARD OIL ISSUE 100 Anglo-Am_ 01l 20 Buckeye Pipe Line. 200 Ch'b'h Mfg new wi 10 Hilineis a0 Indian 600 Intl Pet 20 Magnol; 0 Natl 1 200 Ohio 0 B0 Prair 1071, 102 BONDS, A58, 111 Co Lid. hundreds. INDEPENDENT OIL STOCKS 1 Brit-Cont Ol Blds 8 Creole Synd . 10 Engineers Pet . 10 Ertel Ol ....00. 8 Gulf 0Nl of Pa . 1 Gult 8t 0l & B wi 1 Kirby Pet ........ Lago Per ...... . 20 Latin Amer Oil 4 Livingston Pet Mount Prod ... Mount Guif . T Mutual Oil Yot ofs 1 New Brad Ol w i oble Oil & Washington Stock Exchange. SALES. Washington Gas Light—8 at 481, 2 at 481y ut 481y, 10 at 481, Tuion Trust C(o.—10 a Mergenthaler Linotype AFTER Potomac_Electric Cons. Capital Traction Co.— Wasbingion Rwy. & Fl . Washington Gas 65 ‘338300 at 101%, $400 Light—10 at 48%, 166, ar 152, ALL. $1.000 ac 8715 at i, tric 45—$1.000 at at_101, 3800 at 101. Washington G 481, 10 at 48%. Money—Call loans. 31 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Telga. 4 Teiga. 4 etl._tr. b 10 at American Tel American Tel. & Am. Tel. & Tel. Am. Tei. & Tel. ostia & Potomac ostia_Potomac Guar. . & P. Telephone tion R. R. ; Metropolitan Fotomae Elec. 1st 5s.. Potomac Elec. cons. 3s. Potomac Elec. deb. Gs. Potomac Flectric 68 1 Pot. Elec. Pow. Washington Gas os. Washington Gas 6s....... Wash. Rwy. & Elec. 4s. D. S 25 Snmm Rldg. 6%s. ‘Wash. Market Cold ‘Wardman Park Hotel 6s. STOCKS. PUBLIC UTILITY. American Tel. rights American e % ‘Tei Capital Tract D w Wash. Rw, Terminal Taxi com...... NATIONAL BANK. Capital .o.o- Columbia +2.-- Commercial District .. mers Feacrar-America TRUST COMPANIES. American Security and Trust Continental Trust.. Merchants’ Bank. National Savings Union Trust. & Trust.. Washington Loan & Trust. 3 SAVINGS BANK. Commerce & Savings. |52 & P. Telephone of V "spot and futures. 42.12. Direct to The Star Office specialties. Included were D. L. & W. Coal up a point, and Lehigh Val- ley Coal certificates across 30. Public utilities atiraoted attention, but there was not the excited buying that accompanied the rise last week. Commonwealth Power was bid up two points. a similar advance took place at the start in Appalachian Power, while Electric Bond and Share pre- ferred, American Light and Traction and Adirondack Power were up an- other half point to a point. The volume of bysiness in the oil Eroup was smaller than in recent ses- sions and the price movement was uncertain. Prairle Oil and Gas was about the only one to advance be- yond a point. " On what appeared to be short covering the stock ran up from the previous close of 209% to 212 before the rise was checked. plhit ot b bttty N o eer 0il Corp . Penn Reaver Ofl Pennock Ol ... Red Baok Ol new. Royal Can 0 & R. Salt Oreek Cons ... Salt Creed Prod Sapulpa Refin Sunxtar O .0 Wilcox 01l & Gax Woodley Pet INDUSTRIAL Adirondack Pow Allied Pack new Am' Cot Fab pla Am & B pia Am G & E new wi Am L& Tract Am 1 & Trac ptd AL & T new wi 2% Apallac Pow & Li 5 Rorden & Co s, 1 Bridgept Mach wi 2 Bkivn Cicy &R W Cand Prod Cor wi 2 Centrifug Iron Pipe Commonwealth I (: Contl Tob Ine . Cuba & 8 8% It 38 153 3% P4 = 11 20 win 123 015 121 [ 1 1 1 1 o ' aty “ 7 Durant Dy Pont El lond & Star pf o Ford Motor Cd Can B Alden Coai odyear Tire rit W Hull Swit Hay T ( Hazeltine Corp wi Hudson & Man R & Hudson Co_ pld Inter Con Eubber Superor Car 2 Lake Tor B 1st pfd Leigh Power e Lebigh V C new wi i P Mid Middle X Corp Radio Corp ped 3 Reo_ Mot P RGP o 3080 O & 1 new 1 Tenn EI P 24 Thompson wi Tob Prod Expis United | Bakeries To Retal Candy 1 1 ! 1 1 1 1 Ward Bak ¢ Waring Hat Mfg wi Western | Wh ko M Yel Taxi Corp N ¥ MININ k_ Cons GO Copper... ak d Min Ltd T i0id Mines. dficld Deer Min ardshell Min.. Huwthorne M Hill Tag Hecia Mine. . : Independence derome Verde Jib Cons... ... Kay Copper Corp Relly Ext Mines. . Kerr Lake ... Mason Valiey . evada Hille Min | Nevada Sil Horn . Rocks Mt Spearhead Tonopab Unite 20 TN (¢ 1 Unity i 7 Wenden Copper a0 West End Ext. .. v fer I Silver nob C pfd 20 Wilbert. S BOISTEROUS WEDDING GUESTS ARE FINED $35 Kenneth Daly and George Mullen are suid to have been connected with the near-riot last night at the Cath- olic Communit. Houseé when a wed- ding party was broken up, were fined ach by Jud Robert Matting- ay in pol court on charges of uit was testified by Policeman Fred Antonelli, one of the celebrators, that he was struck in the head with a bottle after he had ejected one of the defendants for being too boisterous. He showed a bandaged head as e dence. The pair pleaded guilty to additional charges of intoxication and were fined $10 each by Judge McMa- hon. Several other participants in the fight forfeited 325 each by failing to put in an appearance in court. TODAY'S METAL PRICES. NEW YORK, June 19.—Copper, easy; electrolytic spot and nearby, 12%; futures, 12%al2%. Tin, firm Iron, steady: Lead, firm; spot, stead. Bast St 0a5.90. nchanged. Zin spot. spot, price: 7.00: Lou Antimony, e RATES ON CALL MONEY. EW YORK, June 10.—Call money easier: high, 2: low, 2: ruling rate, 2; sing bid, 2: offered at 21;; st loan, 2; call ioans against accept- ances, 1%; time loans easier; mixed collateral, ‘sixty-ninety days, 3%a3%; four-six months, 3%a4; prime com- mercial paper, 4adl. deen gt WOOL BREAK EXPECTED. BOSTON, June 10 (Special).—Sum- mer street raw wool markets were static today, with practically all the attention centered on buying of the new crop in the west. Growers are showing more inclination to sell be- low prices they have been demanding and the impression is growing that price levels, both in the west and here, are due for a decline. DIVIDERDS DELAYED. NEW YORK, Junme 10.—Directors of the Chicago, St Paul. Minneapolis and Omaha railway today deferred action on the 3% per cent semi-an- nual preferred dividends until a later meeting. . —_— BOSTON STOCK MARKET. BOSTON, June 10.—Following is a list of today's highest, lowest and closing prices for the most active stocks dealt in her * High, Low. American Tel & Tel. 1285 1234 it Washington. B iy Savings & Com. Beventh Street. TITLE INSURANCE. Colymbia Title..... Real Estate Title. MISCELLANEOUS. . C. Paper DId......o.... i Merchants Transicr & i3 | Mergenthaler Linotype. 152 Natl, Mtge. & Invest. pfd 0ld Duteh Market com.. Old Dutch Market pfd. e = oEx ll‘?* Carson Hill Mining . Connor J Tou.oeuemr oy Dubilter ... 72 East Butte .. _______ Bast Mass... Bastern 8 . s.filfifi.ga_ New Dominion A. KM EERFFER Swift & Co. .. Swift Interna ited Shoe Machinery. .. United Shoe Mach pfd U 8 Smelting ptd. Ventara Oil.. 5 BHRE s SLIGHT RECESSION IN PRICE OF SILVER Shelving by Congress of Pittman Bill Causes Drop From Year's Highest Level. FURTHER NEW FINANCING Bankers Disappointed Over Lack of Business Activity. By the Awsociated Press. NEW YORK, June 10.—Shelving by Congress of the Pittman bill, calling upon the government to purchase large quantities of silver, has caused a slight reaction in the price of the metal, which last week reached the year's highest level above 67 cents. Passage of the Pittman bill would have set a price of $1 an ounce for the government's purchases. Wall Street Disappointed. Failure of cheap money to stimu- late business or stogk trading has left bankers dissatisfied. Normally the reduction in money rates gives the banks compensatory relief through @ ouickening of business activity, but this year business and the money market have undergone a simultan ous downward movement. As a re- sult the placing of between $2.000,000 and $3.000,000 2t 1% per cent over the counter yesterday brousht litle cheer to Wall “street aside from the better sentiment created in bond circles. $20,000.000 Power Issue. An issue of $20.000,000 Puget Sound Power and Light Company first ana refunding mortgage 5% per cent gold bonds, series A, featured the list of new offerings today. The bonds are priced at 965 to yield about 5.75 per cent and are due in 1949. Other large issues were $1.415,000 City and County of San Francisco gold bonds. divided into $2461,000 of 41 per cent water bonds to 'yield 4 per cent and $1.954.000 of 5 per cent school bonds to vield 4.50 per cent: $1,500.000 7 per “nt twenty-yvear sinking-fund con- vertible gold debentures of the Calis fornia-Oregon Power Company at par and $1.500,000 Ferrar Sugar Company first morfgage fifteen-year il per cent sinking-fund gold bonds at 991, to vield more than 7.50 per cent. e WALL STREET BRIEFS. Bankers See Much New Financing Ahead—Earnings Reports. By the Associated Press. Bankers surveving the possi- bilities of new financing in view of the new low levels of money, the hond market boom and reports that flotations of public utility issues were pending. Widespread gains yesterday in shares of utilities intensified the general interest. Offering of the $26.- 000,000 Nickel Plate bond issue is ex- pected shortly. Pisk Rubber Company income of $734,760 in the ended April 30, cqual aft tion. interest and federal taxes {8395 a <hare on the first | Stock.“on which 21 per cent dividends has accumulated. $22.200,000 in the half year earned net six months r deprecia- An extra dividend of 1 per cent on the common stock of American Wi dow Glass Machine Company has been declared in addition to the regular quarterly dividend of 114 per cent and the regular dividend of 1% per cent on the preferred Earnings of the Lehigh Valley Coal Company in 1923 at the rate of $3.70 a share, better than any other recent year, and expectation that large net earnings would be shown for the cur- rent year, were said in Wall street to place the company in line for a $2 & nual dividend rate, and possibly in a short time AUCTION NETS $168,500. American Buyers Are Securing Art Treasures in Copenhagen. By Ouble to The Star and Chicago Duily News. COPENHAGEN, June 10 —A sensa- tional auction sale of the objects of art of the rich Gluckstaft estate is now in progress here and over a mil- lion kroner already has been real- ized (about $168.500). Thorvaldsen celebrated relief, “The Three Grace was =old to a Norwegian architec for 20000 kroner. Raeburn's por- trait of Gen. Campbell brought 29,000 | kroner and the portrait of Maria Leozinska by the French artist. Nat- tler, 21.000. American buyers taking part in the sale. e S e SECOND IN FISH. Value of World’s Crop for Year Placed at $1,000,000,000. NEW YORK, June 10.—The fish crop of the world approximates $1,- 000,000,000 & year in its cost to the consumers, of which $780,000.000 goes to those who harvest it, according to statistics supplied the National City Bank by the United States fish com- wmission. The United States holds second rank among world countries in the value of its fishery products, the value to the fishermen of their catches being placed at $86,000,000. mbout $3.000,000 less than Japan and $1,000,000 more than France, —_——— ROYAL MAIL'S BIG YEAR. NEW YORK, June 10.—The annual report of the Royal Mail Steam Packet Company for 1923 shows a re- serve fund of 1,600,000 pounds ster ling and an insurance fund of 1,177, 000 pounds sterling. During the year the company's vessels carried more than a million passengers and more than ten million tons of cargo. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY SAN FRANCISCO, June 10.—Ha- waiian canners plan to pack 6,000,000 cases of pineapples this year, ac- cording to local brokers. The crop one of the largest in the history of the islands, and of unusual quality. The carry-over is small and probably will be cleaned up before the new <rop comes on the market. ATLANTA, June 10.—Georgia tex- tile plants continue to operate on short time, although several large Carolina mills have gone back to capacity schedules. Holders of spot cotton are selling sparingly as they still believe there will be a shortage at the mills before the 1924 crop is ginned. MONTPELIER, Vt, June 10.—Reg- istration of automobiles in Vermont are 47,903, compared with 38,022 at this time ‘last year. Sales have in- creased with warmer weather, al- though farmers have. been hard hit. by lower prices for dairy products. FORT WORTH, June 10.—Trading in yearlings has been active recent- 1y. | Forty-four cars of yearlings for feeding in Illinois, Iowa and Nebras- ka loaded out of Dermott late last week brougt $35 a head. CLEVELAND, June 10.—Prices for lumber used in_finishing have been cut from $1 to $5 a thousand feet, ac- cording to the official Cleveland fum- ber statistician. This is unusual at this time of year. Building permits for May have increased over those of May, 1923, and figures for the first five months of the year show an in- ereanse over the corresponding time “af last, year. c < LIVELY BUYING SEEN IN CONVENTION CITIES Newspaper Advertising Increased to Stimulate Demand for Retail Goods. FINE WINDOW DISPLAYS, T00 Cleveland Papers Make New Rec- ords for Size. BY J. C. ROYLE, Special Dispateh to The Star. NEW YORK, June 10.—While dele- gates to the Republican and Demo- cratic conventions are preparing to pick candidates, the merchants of Cleveland and, New York are hand- picking words for a tremendous vol- ume of advertising. They believe, In company with a good many shrewd political leaders, that as a means of persuasion, no substitute for words has yet been invented. While key- noters put that theory into practice in the convention halls, the mer- chants wil put it into effect in news- paper advertising. Expect Heavy Trade. New York merchants expect a surge of business to result and are rear- ranging sales forces In consequence. In Cleveland the sale of Root and McBride, dry goods wholesalers, in celebration of the seventy-fifth an« niversary of the firm and the conven- . has attracted hundreds of re- itated additions to " Other wholesalers have been equally successful and the retailers have a fair start on what thy hope will be u record-breaking week, Thé results of increased ume of advertising will be keenly watched by distributors all over the country. For the recent recession in business activity has been accom- panicd by a decided falling off in ad- vertising volume. Some experts de- that the drop in advertising presaged the fall in business activity and some hold the drop in business brought about the decrease in space used.” Dut the fact rema that twelve large retail centers showed a falling off in advertising space in their Tocal mediums in April, as com- pared with 1923, and about twenty in May. The May figures are not en- tirely” complete. but careful surveys show that the trend downward hus continued working forc this vol- ‘alis Buying Emotional. The reason for the increased space taken here for the purpose of per: suading convention visitors to buy is explained by one keen advertising n. as follows: “People do not buy hecause cold reason decides they shall buy,=but because they want to buy. because their instincts and emotions prompt them to buy. Ninety per cent of human actions, the psychologists | say. are based on instincts and emo- tions, Buyvers can and do support their actions by summoning up this | or that reason, making the reasoning fit the act.” Advertising appeals to the instincts | and emotions of the delegates and visitors to New York. therefore, will not be lacking. and the increased | space emploved will be in proportion to the increased number of possible | customers on whom the merchants will have opportunity to work. Booming New York Goods. Wholesalers and manufacturers ar. encournging the advertising efforts of the retailers, feeling that the suc- | cess of the latter will aid in advanc- | ng the pre New York goods . Window displays Ily prepared h stores with the politic uation and to supplement the printed appeal in the papers, and special ef- forts are being made to supply any possible need or fancy. 1If a delegate NEW TRAFFIC RECORD. Missouri . Pacific Reports Big Boom in Freight Revenue. Special Dispateh to The Star. ST. LOUIS, June 10.—The traffic of the Missouri Pacific railroad in the last month was heavier than for any May in the history of the road. A total of 118.457 cars of revenue freight was han- dled. The daily average, 4.556 cars, was 273 more than the average for any previous May. The total number for the year to date id 582,534 cars. as com- pared with 499,999 for the corresponding period of 1923, DETROIT, June 10.—Freight loadings on the Pere Marquette railroad in May totaled 53,362 cars compared with 60,561 last May and 51,468 in April of this year. Sl s L Have You Heen Stung Yet? Some men have to get stung good and hard before they learn to be cau- tious in making investments. Before you invest—investigate! Proposed new schedules increasing the per car charges on less than car- load shipments of fresh meats and packing house products in peddler cars from East St. Louis, 11l to cer- tain points on the Chesapeake and Ohio raliway in Kentucky and West Virginia were ordered suspended by the Interbtate Commerce Commission yesterday from June 10 to October § American Telephone and Telegraph Co. 139th Dividend o e ly dividend of Two Dol- an and Tweniy Five Conts por share will be paid on Tuesday, July 15, 1924, to stockhold- ors of record A% the close of business on Fri- day, June 20, 1824, H. BLMR-SMITH, Treasurer. EQUITABLE Co:Operative Building Association Organized 1879, 44th YEAR COMPLETED Ansets . ... - B4T5517053 Surplus . . .$1,248,320.98 Join the Equitshle and Save Systematically s &_most successful method of The sure way to lay th tion for buying & home. Subsecription for the .86th Issue of Stock Deing Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Sec’y. foun Washington, D. C.. June 10. 24 to the order of Mrs. Thrif -five dollars ($35) for & months' interest due June 10. ‘24 on $1,000 first mortg note pur- chased through our Mortgage De- partment. i the many ce daily to This is a facsimile Checks leaving our of investors in our 7% First Mortgage Notes (24 Note the date due and time sent.) from Texas loses his four-gallon hat, he will find it easy to buy another of | like design and cqual size. and equal | fforts have been made to care for the | style propensities of other sections. | Record Papers in Cleveland. 1 Papers of record breaking size are | expected in Cleveland before this week is over. The local advertising business has been such. it is reported here, that the national advertisers have been crowded oul to Some 6x- tent. One Cleveland publisher noti- fied his eastern representatives t he could not care for this out-of-town business. [t is probable that national advertisers who have not already made their arrangements will fin similar dificulty here. although some | T the tol manufacturers prob- ably will launch cam- | paigns. considerable RUBLES GAIN IN FAVOR. Much Speculation in Russia’s Pre- ‘War Currency. > YORK, June 10.—Active buy- ing of Romanoy rubles, Russia's pre- war currency, has developed within the last two weeks, based on the as- sumption that the value of the ex- change would be restored by an eventual change in government, for- eign exchange dealers report. Speculative operations, originating almost entirely in Japan, have carried the rate up to $1,000 a million rubles, contrasted with a low price of $150 a million_established two years ago. Soviet rubles, on the other hand, are quoted nominally at 60 cents a mil- lion, although the market for them virtually ceased to exist me time ago. POWER PROJECT GROWS. NEW YORK. June 10.—Another chain in the big Superpower project of the central west was forged yes- terday when Henry L. Doherty & Co. announced the making of a contract by which the transmission lines of the Ohio Public Service Company. the Cleveland Electric Tlluminating Com- pany, the Ohio Power Company and the Pennsylvania-Ohio Power Com- pany interconnected. and power in large amounts will be interchanged. s CHICAGO LIVE STOCK MARKET. CHICAGO, June 10 (United States Department of Agriculture). —Hog:! Receipts, 32,000 head; uneven, mostly 10c lower than Monday's average; spots 10 to 15 off; large receipts, me- dium__weight butchers and light weights show most declincs; bulk good and_choice 275 to 325 pound butchers, 7.25 to 7.35; top, 7.40; bulk desirable 270 to 250 pound averages, 7.00a7.20; bulk better grades, 140 to 50 pound weikhts, 6.40 to 6.75; bulk packing sows, 6.25 to 6.55: killing pigs, steady to 25 lower: bulk &ood and choice strong weights, 6.00 to 6.15. Cattle—Receipts, 11,000 head; beef steers and yearlings rather slow, steady to weak: bidding lower in in< stances; yearlings numerous; ship- ping demand ocomparatively narrow; early top matured steers, 11.25; few choice heavies here: bulk of quality and condition to sell at 8.25 to 10.50; better grades fat cows and beef heif- ers fairly active, steady with Mon- day’s advance; light vearling heifers, upward to 0; grain-fed, weighty cows, 8.25 and better; canners, cut- ters and bulls steady; heavy bolog- nas, 510 to 525; vealers most half 2 dollar higher: bulk, 9.00 to 10.00 to packers, according to welght con- dition; few choice lights, 10.25 and better; shippers, paying upward to 11.00; stockers and feeders slightly more active; finishers taking thin fleshy kind mostl Sheep—Receipts, 8,000 head; active lambs mostly 25 higher: cull ‘spring- ers, 50 higher; sheep ‘steady; bulk desirable native spring lambs, 16.75 to 17.00; sorting light: few to city butchers, 17.15; good to choice range Once you inv in mortgages no other form of investment will appeal to_yvou. Send for complete details. on hand $100 Chas. D. Sager 924 14th St Loan Dept. Main ' Bonds Yielding 734% for Monthly Savings )" Debenture Bonds of Cities Service Company are sold in denominations of $10, $100. $500, $1,000 and $5.000 to | yield more than 74%. | Interest on $10 bonds is paid | annually; on larger denomina- j tions, monthly, quarterly, or | i | | | | semi-annually, as desired by the investor. Safety is assured by equities of more than 6 to 1 and net earnings of more than 6V times interest requirements. Bonds in denominations of $100 or more are sold on our | monthly payment plan. Mail This Coupon jor Full- Information Thomas W. Brahany and Company } Wilkine Bullding Telephone | Washington, D. C: Main 6159 Thomax W. Brahany & Co., kins Bldg. Waskington, D. C. Plense send me full particulars about Cities Service Company “D" Debenture Bomds. Name .. Tennessee Electric Power Co. 15-Year Sinking Fund 6149, Debentures Due 1939 Net earnings about 2.10 times annual interest charges on the total funded debt. Price to yield over 6.809, Circular on request springers, 17.25; handy weight clipped lambs, 14.50; choice handy-weight na- tive ewes, 6.00; few loads yearling breeding ewes, 10.50 to 11.00. —_— London has 136 different ormibus amd §15 rallway stations, The National City Company ‘Washington—741 15th St. N.W. Telephone—Main 3176 Continental Trust Company Capital One Million Dollars 14th ‘& H Streets Wanted Second Trust Notes We have clients with funds to purchase good SECOND TRUST NOTES in denomina- tions of from $500 to $10,000. Low rates if security is good Apply at Once to Our MORTGAGE DEPARTMENT HANNON & LUCH 713 und 715 14th Street NW. Main 2345 572% Money to Loan on Business Property W. H. Saunders Co., Inc. 1433 K St. N.W. 90 FIRST MORTGAGES FOR SALE THE TYPE OF SECURITY CONSERVATIVE IN VESTORS BUY IN DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. Money to Loan first deed of trust on real estat Joseph 1. Weller Secured by 120 Wash. L. & Teust Blde. 91h & ¥ N W First Mortgage Notes— Secured by Improved Real Estate In Washington Worth Double The Amount Of The Loan— Interest Rates Today 6% and 7% Denominations of $100 to $1,000— Partial Payments Received— Mortgage Investment Dept. [SHARNON_& LUCHY] 713 and 715 14th St. Main 2345 Members Nat'l Ass'n Realtors INVEST YOUR SAVINGS In Our FIRST MORTGAGES “The Safest Security on Earth” ~ % Interest Denominations $100 to $10,000 1416 K Street N.W. Northwest Residential MORRIS CAFRITZ: CO TncoR hooares, Main 617 and Business Property Only Lflng Lease Reasonable Rents 923-925 15th N.W. (Opposite McPherson Sq.) B. F. SAUL CO. 1412 Eye St. NW. Capital & Surplus. $2.000.000 Something for (raduation i Your boy's and girl's com- mencement is a momentous day and quite naturally vou wish to make them worth- while gifts for the occasion. fAn Interest-carning account opened for each of them at this old bank will prove most practi cal and helpful. Same Rates of Interest Paid on large and small accounts—Deposits invited i any amount. 1 National Savings & Trust Co. 57th Year Cor. Oldest Savings Depository in Washington 15th and New York Ave. MONEY TO LOAN ON FIRST MORTGAGES AT GCURRENT RATES OF INTEREST %m&l % .J%fmm 4 %. 1207 Connecticut Faenue