Evening Star Newspaper, July 14, 1924, Page 23

FINANCIAL. EXPORTS INCREASE IMPORTS FALL OF Commerce Department Gives Out Foreign Trade Report for Past Fiscal Year. Increased exports and decreased imports marked the foreign trade ot the United States for the fiscal year ended June 30, it was shown today in figures made publec by the Com- merce Department. The United States in the year ship- red abroad goods valued at §4,311,- 625,797, against $3,956,733,373 for the vear before, an increase of 3§354,- 892,424. Its purchases abroad were $3,557,147,532, or $223¥11,433 less than the previous year. 'The exports exceeded the imports by $754,478,265, against an excess of $175,774.408 over imports the year before. Exports for June were valued at $307,000.000, against $319.956,953 for June, 1923. Gold Imports Increase. Imports of gold during the fiscal year were valued at $417,025,63 against $284.089,550 for 1923, 'a crease over last year of $132,936,088. Gold exports were $10,206,941, against $49,021,975 for the previous year, a de- crease’ of $38,815.034. Gold imports for June were valued at $25181,117 against $19,433,539 for June, 1923, while exports were $268,- 015 against $548,484 for June, 1923. __ Silver Imports Also Gain. Silver imports for the last fiscal year totaled $79,939,985 against $64.- 947,025 last year. Silver exports $98,785,586 against $55,906,956 for the vear before. Last month’s imports of silver totaled $4,870,389 against $6,065,947 for June iast year, compared with exports of $8,648,499 for June against $3,581,081 for June, 1923 CENTER MARKET ARRIVALS HEAVY Week Opens With Liberal Sup- plies and But Few Price Changes. Daily market report on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural Eoonomics, follows: : Cantaloupes—Supplies heavy; de- mand moderate; market steady; Cali- fornia, Salmon tints, standards, 45s, 2.7523.25, mostly 3.00; standards, 36s, 2.50a2.75, some ripe low as 2.00: jumbos, 45s, 3.25a3.50; flats, 12s and 15s, 1.00a1.25; Arizona, Salmon. tints, standards, 45s. 3.25a3.50; standards, 368, 3.00a3.25; jumbos, 458, 3.50a3.75; flats, 12s and 15s, 1.25a1.30. Peaches —Supplies heavy: demand moderate for medium and large size, slow for small sizes; market fairly steady; North Carolina and Georgia, 6s, Car- ‘mans, large size, best, 2.25a2.50; medium size, 1.50al.75; small size, 1.00a1.25; Hileys, large size, 2.50a 2 medium size, 1.73a2.00; small 1.25a1.50; North Carolina, 6s Stap- large size, fine quality, 3.50; style, crates, Carmens, large size, 1.00; Georgia, bushel baskets Hileys, medium sizes, 2.25a 250; small size, 1.50a2.00. Potato Market Steady. Potatoes—Supplies _liberal, _8emand moderate, market - steady; Virginia- Norfolk eection and North Carolina, cloth-top stave and slat barrels Irish ers, United States No. 1, 3.00a3.25, mostly 3.00; few best, 3.50 ; some dirty, decayed, wide range in prices, 1.50a2.50. Watermelons—Supplies liberal, demand moderate, market weak: cariot eales Georgia, bulk, per car, Tom Watsons, tiers, 26-pound avetage, 200.00; 28-Ib. average, 225.00. Beets—Homegrown, supplies light and supplying the market ; demand light, market steady; home- grown, mostly around 3.00 per bunches. Cabbage—Supplies light; demand light; market steady; no sales of shipped stock reported; home grown. uncovered barrels pointed and flat type, 1.00a1.25. Corn Cheaper Today. Corn—Supplies moderate; demand moderate, mapket slightly weaker; North Carolina, crates. 2.25a2.50 mostly 2.50. Lettuce—Supplies mod- erate, market firm; New York crates, Big Boston type, mostly 1.00a1.25; few 1.50; some ordinary quality low as 50. Tomatoes—Supplies light; demand good for good stock; market firm: South Carolina sixes turning wrapped ordinary quality, fancy count, 2.754 3.00; choice count, 2.25a2.50; some badly decayed, low as 1.50 homegrown, half bu. hampers, 4.00a4.50. size, nevs, California STRIKE CLOSES MARKET. CHICAGDS, July 14—There was no poultry market in Chicago today, be- cause of a strike of chicken handlers. While only eighteen men are con- cerned in the strike, deliveries were So uncertain today that buyers re- frained from placing orders. Officials of the poultry exchange announced that the usual penalties for non-de- livery had been suspended, and ‘with this condition prevailing, too few or- ders were placed early today to make 2 market. GRAIN AND PROVISIONS. BALITMORE, Md., July 14 (Spe- elal).—Potatoes, new, barrel, 1.00a 3.00; beans, bushel, 75a1.75; beets, 100, 3.0045.00; cabbage. 100, 2.00a4.00; car- Tots, 100, 2.00a4.00: eorn, crate, 1.00a 525. celery, bunch, 75al.25; cucum- bers, basket, 1.25a1.35; eggplant, crate, 200a3.50; 1lima beans, bushel, 2.00: 3,00 lettuce, bushel. 50a1.00; spring onions, 100, 1.7522.00; peas, bushel, 155022.50; peppers, basket, 2.50a3.00: spinach, - bushel, 150af75; rhubarb, 100, 3.0084.00; radishes, 100, 1.50a3.00: squash, basket, 1.00a1.25; tomatoes, basket, 2.00a3.00. ‘Apples, barrel, 1.5023.50; bushel, 50a 156, Cherries, pound, 5al5; black- herries, quart,~8al2; pineapples, crate, 250a4.00; plums, ~b¥%ket, 50a1.00: Teaches, crate, 1.50a3.00;. melons, 108, 0a50.00; cantaloupes, crate, 1.25a 2.35; raspberries, pint, 5as. Settling Prices on Grain. ‘Wheat— No. 2 red winter, spot, 1.28; No, 2 red winter, garlicky, do- mestic, 1.24%. Sales—Cargoes on grade, new, No. 2 red winter, garlicky. at 1.243%: No. 3. '1.21%; No. 4, 119%; No.'5, 117%. Corn—Cob, new, 5.00 per barrel for vellow and 4.85 per barrel for white; No. 2 corn, spot, 1.04; No. 3, 101; track corn, yellow, No.'2, 1.22. Sales—None. . Oats—No. 2 white, 6514a86; No. 3 white, new, 6414265, ~ Rye—Nearby, 90 and 95; No. 2 rye, &pot, 90. « Hay—Receipts, 36 tons. The gen- eral hay market is qufet, with ample supplies of all descriptions. Of the poorer qualities of grassy, weedy and heavy dark mixed hay 18 especially hard to move. Of the top grades of surplus, _but Jight mixed hay is in ample offering. Quotations —No. 1 timothy, 28.0 No. 2, 26.00a27.00; No. 3, 22.00a: 0. 1 light clover mixed, 25. 2 light clover mixed, 23.00a3 No. 1 clover mixed, 24.00a34.50;_.No. 3 clover, 21.00a22.00. Straw—No. 1 stralght rye, *23.00a 24.00 per ton; No. 1 tangled rye, 18.00 220.00; No. 1 wheat, 17.00a17.50; No. 1 —oat, 16.50217.00. % : B Before You Imvest—Investigate. It's queer how careful a man can be w_ after he's lost his money. Abe Mar- Xfin says that a man who is not sutis- fied with 6 per ccnt and NEW YORK CURB MARKET Recelved by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, July 14—One of the outstanding features in the upward movement in today’s curb market was the persistent strength in radio stocks at new high prices. Dubilier was the leader, getting to 45. The rise in Dubilier has been noth- ing short of spectacular. At today's prices it compared with the low of 10% early in the year, and of 4% in 1923. Despite talk that the rise has been carried to extremes, those in close touck with the company main- tain that the present is fully justi- fied by earnings and prospects. The company recently contracted to sup- ply the automatic train control com- panies with condensers to be used by several roads. Domestic oil shares did little one NEW_YORK, July 14.—Following is an official list of bonds and stocks traded in_on the New York Curb Market today: BONDS. 9 Am Gas & Elec 6s 2 Am Sumat Tob Tiis 8 Am Ice 78 wi ... 3 Anaconda s . 2 Oil T 8 AntillaSugar Ths 5 Asso Sim_Hdw BALG& WIS 6 Beaverboard 15 Belgo Can h Steel ©s 33 Sales in thousands 6§ Detroit Edison 8s 5 Dun Tire & Rub is 02 2 Dug L P 5s B wi 1 Fisher Body 6s 3 Ry o8 wi.. New Orl Pub Ser 5s. Nor § P Min 638 C X R Yr L L] 23 FOREIGN BONDS. 3 Czechoslovak 8s B.. 96% 2 Rep of Peru 8s..... 99l 1 Russ G 6%s mat cfs 13% 15 Sol & Co 6s 34s B 100% 20 Swiss Govt 58 100% Sales STANDARD OLL ISSUES. o e a1 sig Oil pfd nw 105 Ga il pi i 0% 260 Imp Oil of Can 22 B85 RILAE L =to S Bank Roy Can Oil & Ref Salt Ck P 12 Union Ol of Cal.. Wileox Oil & Gas. 1 3 Adirond Pow 7s pt 1 Am Gas & EI ptd SAm Gk E awwi 0% Am L & 3, Appalac t ot Atlantic Fruit” wi 1 Anst Cont Bank wi 1 Bus 1% Campbell Sowp pfd. 1 Candy Prod Cor wi. 4 Car Light... 1 Centrif Iron Pipe... 32 215 Com'w’th Pow Cor 10 Cuba_ Oe.. . 2D & R G W new pf 6 Dubiller C & Radio 1 Dunhill Intl Inc. 77 Durant Mot ...... 1 Du_Pont Motors. sugg¥E o B 8 Ginter €O _........ 14 Hazeltine Corp Wi.. 14 Heyden Chem ... 25 Hud & Mann R R 1 Hud & Mann RR pf 13 Hudson Co pfd.... 10 Lehigh Power sec. 136 Leh V Coal new wi. 1 McCrory' Stores B.. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY BRRgEE_L BOSTON, July 14.—The average cost | of coal to Néw England rafiroads for the first part of 1924 was $5.46 a ton, as compared with $6.25 for the corre- sponding period of last year. CLEVELAND, July 14.—Although the weather this year has been 4 per colder than usual. sales of ics and coal for the first five months of 1924 showed an increase of 20,000 tons of ice and 10,000 tons of coal, compared with last year. SAN FRANCISCO, July 14.—Cali- fornia will ship more cantaloupes and watermelons to eastern markets this year than last, despite early drought. Cantaloupe shipments are expected to reach 875 cars, compared with 502 last vear,’and watermelon shipments 1,550 cars, against 765 in 1933. WEATHERFORD, Tex., July 14— The movement ot west Texas water- melons is ten days later than usual. en pounds. KANSAS CITY, July 14.—Last year at this time loecal fiour mills were contracting to ship flour six months ahead, but this year few orders for deferred shipment have been taken. The qutput of local mills showed falling off of 7,000 barrels last week. SPRINGFIELD, Mo, July 14.—Mis- souri farmers are planting buckwheat as an emergency crep to_ take the place of crops which were delayed by the late spring. = DETROIT, July 14.—A number of automobile plants here still*are on short time or closed for inventories 3nd vagations. Industrial employ- mént has fallen off to 195,048, com- pared with nearly 223,000 & yeur -ago. Direct to The Star Office way or the other, but special buying was noticedble {n Lago Petroleum. English interests are associated with the company and it s expeoted that the stock will be listed In London in_the near future. . The pool in Durant Motors got busy again and bid their speclalty up almost two points further. Those back of the rise are finding it diffi- cult to bring about material improve- | ment. On_each aftempt, considerable’ selling by those who purchased high- er up is encountered. Sales of Flint Cars, qne of the Durant products, are said to have improved substantially, and this probably is an added ingen- tive for operations, for the rise. Among specialties, American Light | and Traction gained over 2 points to within a_fraction of the top price of 135%. National Tea common and McCrory stores B reached new highs | and special buying came into Silica Gel voting trust certificates carrying the price up 3 points. McC Stor new wai Mesabi Iro Mesabi Tron. et il s om0 SR B BueiF i it dade : Tenn Elec Power Th Rad C vte w i United Bakeries. .. United G.& E Unit_Pft Uni Retatl A3 Western Power Western Power. Yel Taxi Corp 3 MINING. izona_Globe Cop . 0dk Gol Mi ] A B C * Con Cop Mines n Cortez Silver . Crown Reserve ... . Diamondfid BI But . 00 Eureka Uroesi 3 Hai 50 Hawth Min Hollinger 1 Tonopah. Belmont. 10 Tonopah Min 5 U S Contl n 1 Cnity Gold 1 Utah Apex 8 Wonden Copper 10 Wett Lor 'S West Ut Certificates Arnold Guaranteed Certificates afford a safe and profitable in- vestment for surplus funds. They are secured by first mort- gages on Improved income real estate and homes, and are a d rect obligation of Armold and Company. Arnold Guaranteed | Issued in amounts of $100, $500 and $1,000, to run for term of 2 to 10 years. Bend for Booklet K-1 ARNOLD AND COMPANY Incorporated Capital and Surplus, $1,250,000 1416 Eye Street N.W. Telephone M " Desirable Office Space For Rent Commercial Natl. Bank Building 14th and G Sts. N.W. Apply to - Superintendent When Buying Our 7% First Mortgage Notes You Can e Assgred ~ First.—A very careful and con- servative appraisal has been made. Secomd.—The loan we recommend is less than 60% of the market price. Third —After you have purchased one of our notes you get a serv- ice. that assures you interest the day due. 5 Notes om hand in amounts ol $100 up. - . Chas. D. Sager 924 14th St. Main 37 38 We Buy and Sell Liberty Bonds Treasury Notes- Etc. _and Trust Company 900 F Street POWER CONCERN EXPANDS. CHICAGO, July 14 (Special).—The municipal power plant at Columbisa, Til, has been purchased by the Ii- linols Power and Light Company. The plant will be junked and power for the town will be furnished over a high tension line. The company also purchased the plants at Cerro Gordo, Argenta and Warrensburg, Il " Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. 420 Wash. L. & T} Joseph I. Weller §2 Wath L. & Trust Invest Your Savings ° In Our First Mortgages “The Safest Security on Earth” 7 7 Interest Denominations $100 to $10,000 JMORRIS CALRITZ:CO 1416 K Street N.W. Main 617 Northwest Residential and Business Property Only Over 42,000 Depositors. How Well First - Mortgage Notes— Secured by Improved Real Estate In Washington , Worth Double The Amount Of the Loan— Interest Rates Today 64% Denominations of , $100 to $5,000— Partial Payments Received— Mortgage Investment Dept. 713 and 715 14th St. NW. Main 2345 . Capital and Surplus, $2,000,000.00 You Fare —in this prosaic world resolves itself largely into a question of “How Steadily You Can Save.” 1 Make a practice of bank- ing something EVERY PAYDAY and you'll surely oftgrow the drudgery of being “on a salary.” fWe're here to help the carnest thrift-worker and ex- tend such depositors every ad- vantage a big bank can offer, Deposits Invited in Any Amount; Same Rate of Interest Paid on Small and Large Accounts Open Until 5:30 P.M. Témorrow and Wednesday OFFICERS: WILLIAM D. HOOVER. WOO! Y BLAIR Pres. STON. F. R BRUCE BAIRI DAVID BORNET... Asst. Trust Officer H. President [w:mnm- Blair nmes A. . Pres. [William A. H. Chureh Officer (Waiter C. Charl Tre Ea DIRECTORS: - William D. Heover Reginald_S. Huldekoper| Victor Kauffmann Minshall D. Rheem Buchanan Stetson Frank W. Stone William H. Walk Henry K. Willard National Savings & Trust Co. 57th Year Oldest Savings Depository in Washington Cor. 15th and New York Ave. LADIES’ DEPT. “Hard Luck” —is the thread-bare alibi by which the shiftless usually attempt to excuse their inability to save while earning. 1 It takes backbone to build a bank ac- count. Get one started This Payday. Our Savings Dept. Pays 3% Compound Interest—Invites, Initial Deposits of $1 or More. Open Until 5:30 P.M. Tomorrow OFFICERS: GEORGE W. o H_P. ERI( DIRECTORS: ARTHUR T. BRICE WALTER BROWNLEY FREDERICE DeG. FAUST - National Metropolitan Bank 1, B paiston HUGH o0 el W B SAUNDERS T T. SHANNON H.O. THO! w. SOMERVILLE JOEN . WEEDON W. A GEORGE W. WHITE Capital, Surphs and Undivided Profits, Over $1,700.000.00 110 YEARS OLD - 15th Sh_‘ge't.‘Oppositc U. S: Treasury, A beaeficial interests are of- fe in an enterprise for the manu- facture and sale of an article that makes 1,000% profit. C. E Richard son, Trustee 823 Albee Bidg. Washington Weodward FOR SALE FIRST MORTGAGE NOTES Consult Us 1f sou have funds for - lnvestment. THOS. E. JARRELL Member Woahingion Rcal Esta Bldg. Muin 766-3370. Guarantee Backed 3d. Prompt Consecutive Real Estate Mortgage (Resonrces Over One and a r -6%% First Mortgake Notes Secured by Improved D. C. Real Estate. ‘ $1,500,000 Resources as to: 1st. Security of Principal All the Time. 2d. Attractive Normal Income. 4th. Full Return of Principal When Due. 5th. Freedom From All Care and Management. L. E. BREUNINGER, President. Written by More Than Interest Payments. & Guaranty Corp. Half Million Dollars) 26 Jackson Place s First Mortgage Loans Lowest Rates of lsterest sad Commissioa. Prompt Action Thomas J. Fisher & Company, Inc. 735 15th Street EQUITABLE Co-Operative Building - Association 440 YEAR COMPLETED Assets . $4,755,170.52 urplus .$1,218,320.98 Saving That Accomplishes Much —the systematic saviog plan of the Equitabie promotes thrift and encour- ages saving. Subscription for the 87th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JORN JOY EDSON, President FRANK P. REESID 3 . . Sec'y. Mortgage Bo WASHINGTON, D. C. (Incerporated Under the Laws of Virginia) Authorized Capitalization 250,000 Shares 8% Cumulative Preferred Stock, parvalue$10.00. . . 250,000 Shares Common Stock, Wise Investment— parvalue $10.00 $2,500,000 nd & Guaranty Corporation choosing 2 security for invest- ment, you seek a high margin of safety plus adequate return for your investment. The stock of the Mortgage Bond and Guaranty Corporation combines both of these factors. The Corporation deals exclusively in one of the safest of securities in the world—First Mort- ible handling of all transactions. The cumulative preferred stock bears an immediate return of 8%. The dividends are free from the normal Federal income taxand the stock is free from the D.C. and Seate of Virginia in- tangible tax. All dividends over and above the 8%, paid on the 7 sale, producing real estate. A management of integrity and active business experience assures the prof- An Its offerings of guaranteed First Certificates will have aready first, bicaufs: z‘l;‘qe isa hégbly re- ive market for this of securicy msecondly beauselyrfi issues of Certificates will be made against First Mortgages on improved, income- g0 to the common shareholders. at the same Preferred . . . 1 Share Common . Instisation Is as Strong as Its Management Hazry A, Kite, President Hazry A. Kite, Inc., President, Bailders and Real Estae Director, Equinble Hugh A Theit, Vier Presidens ‘reasuger, Thrift Building Co. W. J. Waller, Traasaver Vice - President, Federal American Na- i Bank. C.S. Tmt Burke President, Burke & Alexandria, Va. HUGHES J. S. Gruver N et U ice-] Baiomore Md. E. Walker OBt den, Nectonal M ment Corporation. William D. West Life Insurance Co. Vice-President, Citizeas Savings Bank. Donohoe Qlarence F. Joha F. Donohoe Soas, Real Becate, nsurance & Investments. Hirbert, Bankers, INCORPORATED) INVESTMENTS 1418 Epe Street, N.W. AND THEN— A ion of the stock is now bein, offred % officers and directors. This gives the investor an opportunity to participate in Corporation earnings on the same basis with the Directors. 1 Share 8% Camulative President, Thrift Bailding Compasy. price paid by the $12.50 Truse Co., ortgage & lavest- & COMPANY Tcl-.hoo-l-hi 8 3317 The Interest Rate Declined! Y M o y O not be one of thosec who wait- ed so long.to make up his mind about investing his surplus funds that when he finally decided to do so it was too late to receive the present rate of return of 7%. Make up your mind now and reserve your investment while you can. While indications point to a decline in the interest rate in the near future, we still have on hand some attractive _First Mortgages in denominations as low as $100 which will return the in- vestor 7%, and we will be glad to reserve yours for you, if your money is not now available, but will be avail- able in the near future. Consult us before you go away on your vacation! — Swartiéll, Rheem & Hensey Co. 727 15th Strect N. W. 55 Years Without Loss to An Investor