Evening Star Newspaper, July 17, 1924, Page 29

FINANCIAL ‘PRICES ARE STEADY UAT CENTER MARKET ‘Watermelons Are Cheaper. Peach Arrivals Heavy—Po- tato Demand Light. ¢ The daily and veget ket News Service tural Economics, Cantaloupes — Demand mode Market st California salmon tints, 3.00a3 mostly market report on fruits bles, compiled by the Mar- Bureau of Agricul- follows iplies ate. 43s. and pink meat 1.10a1 al.40; Carolina, few sales meats, flats, Arizona , 123 flats, 9s L 1.00: andards and and 12 standard jumbo pony flats green meats, 2.00a2.2 458, Georgia, pink all sizes, H0a60 Peach Supplies Heavy. Peaches—Supplies hed Demand moderate; market fa steady. Georgia and North Caroli 6s, small sizes, 1.25; medium 1.50a1 large size. mostly Georgia, Hileys, bushel baskets. dium mostly h Carolina vy rly siz 2.00 me- 2.00; ana 1 appeys, large size, Potatoes—Supplies mand light, market eady. Virginia, Norfolk section and North Carolina, cloth top. stave slat Irish cobblers, U few 3 Rappa thannock River section, 3.00a3.25; mostly .00 Watermelons Che moderate about s mand moderat; sales—Georgia ¢ bulk, per lb. average, market weak. and South Carolina, Tom Lo \v\ML’x‘ - Home own supplies liberal. Demand light, market stead. Homegrown, uncovered barrels, point- €d and round type, best, 1.00. Corn—=Supplies moderate; demand moderat market stead: North Carolina, crates, by some ordinary to fair condition, wide range in prices, 1.50 Lettuce mand York de- New best, pplies moderate; moderate, market firm. crates, big Boston type, high Supplies light. bushel hampers, Hom grown_half No. 1. 3.00a3.50. tarrot noderat steady. Demand mode Homegrown 100 bunches; few higher. tring Beans—Homegrown light and supplying the d moderat market Homegrown, bushel basket: market 350 per sup- marke firm COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY NEW ORLEANS, July 17.—The pres- ent outlook is for a rice crop of 17,- 000,000 bushels in this State this year, compared with 15,100,000 bushels last The total production in ajl ing rice is placed at ushels, compared with vear. £00.000 . cotton tions after days. For the present -week schedule will be main PRINGFIELD, Mass., July 17.—The i smpany is closed a three-week vacation period in- stead of two weeks, as is usual PHILADELPHIA bid submitted fo iron and bronz the approach « work of the Delaw: River inter- state bridge, submitted by the can Rridge Comp: or about $60,000 nearest competito —The low Shing the steel, ~The North Pa- cific ] ot d to handle pound 8 crop of Oregon and Washington, closed contracts covering the main oducing sections. All the large pro- ucers are said to have ned to per- it the exchange to h their out- that ped 19 cars of peaches w from the rk on of M souri, Arkansas and Oklahoma this season. The movement begins July 20 and extends to August 6. 1 be ship- Are Yon a Sucker? Too many Deople put their money In day dreams and wake up broke. i Never put your name on the dotted line until you have inquired of eome one in your bank what he knows about some stock issue that is of- fered to vou privately. ] GREEN PEAS LOWER. Supply Ahead of Demand Today in | \ New York. Special Dispateh to NEW YORK were in limited s and, due to the i ip- ments ranged from 10 to 20 cents per quart. The exci supply of green peas wa: e requirements. arrived at a very lat > arrivals sold from $1.2 per bushel basket and ries from 75 cents to $L. PARIS MARKET UNS;EADY. PARIS, July 17.—Prices were ir- regular on the bourse today. Three Per cent rentes, 53 franc centimes. change on Londbn, 85 francs 13 centimes. Five per cent loan, 67 franes 90 centim he dollar 47 centimes deliv, was quoted at 19 franes | BOSTON STOCK MARKET. BOSTON, July 17.—Following is a list of today's highest, lowest and closing prices for the most active stocks dealt in here: Arcadian Cons a Arizona Com ... Boston & Albany Bor & Maine Baston ted Calu & Ariz . Quin & He : rson Hill Min Tole“Rosate Maine Central Mass Gas Mayflower 0 O .. Mexican Tavestmest Mohawk New Cornelia New Eng T & T NYNH&H Pacific Mills \ Quiney . St Mary: Bwift & Co Swift Internat . TUnited 8hoe Mach . United_Shoe Mach pfd U 8 Smelt. Utah Apex YVentura 0il |urgent followin | report on op. moderate. | North | and | supplies | prune | has | NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN, NEW YORK, July 17.—Buying of Hudson and Manhattan common fur- nished one of the features of the day crude quotations 50c a barrel and the reported increase of 24,300 barrels daily in domestic crude output was not encouraging news for holders of the oil stocks. Heavy liquidation was B in progress early in the session in dealings in the curb market. The|pryiria- Ol and Gas, carrying the demand for this stock became more [ price below 195 to the lowest for the | publication of the ar. Later a substantial rally set in. | sulted in a further upturn to a new | from last wes s close, while other high for the Net after taxes | Standard issu. moved toward lower increased §. 5 over the month lagt the first six months $2,58 against same period in 19 preferred als year e back of the rise in radio s apparently were content with their recent successes, and little or no attempt was m; bring about higher prices. Dul was an ex- | ception and continued its remarkable advance. Thompson Radio voting trust rtificates, which had not equaliy in the improvement, year, while in em rose 720 in the | Hudson Company estublished a new top. Word that the Company had redyged Prairie Oil and Gas midcontinent NEW YORK. July 17.-—Following is an official list of bonds and stocks traded “in_on”the New York Curb Market today AL Mutual 011 vot ofs 6 New Rrad Ol wi 13 New Mex Land 1N Y oL 80 Obio 1 Omar Ofl & Sales in thousands BONDS, High 103 Low. Close. 1 Al 78 new 10 Am Gax &_Elec 5 Amer I § 1015 o TRIALS, 1 deme Coul new .. 1 | Adirondack Power. 34 104% | 3 Allied Pack pr ptd et L R I v & El ptd i A Gax & Elnew wi | ‘on Gas Balt 6x A Light & Pow Pow pfd. ther nit wi | 1 Gulf 0il Corp Inter Mateh 614 1 Kennecott Cop 7s. & | atterton & 8 r & Son pfd., Nip new wi.. Co new wi cland Auto W'th Pow Cor. £ D¢ Co wi r & Radio Int Inc Orlns Pub 3 Nor St Pow Chemical & Man KR 1 Untd Ry of I Yacuum_ 0il X BONDS. B 1001 Omnibus v Omnibus pfd wi i STANDARD OIL ped 200 Anglo-Am Oil... Y 1 Rad Crp new pt wi 30 Borne e = | Rova Radio cfx.. 60 Luckeve Pipe Line. | ‘&b Mg o wi vh Mg ptd 10 Eurek: 10 Galen 400 Hum 100 Imp Qil Canada... 0 Tud Pipe Lige..... 2100 Intl Pet Co 1td ugnolia Pet Thom T € vee w5 Co ptd 1 Timken Axle United t pfd A wi Ward B (o B wi 1 Ward B Co pfd 50 Ware # Yelw Taxi Crp N ¥ Min | 2000 S 0N Y newl D10 38y 38 105 0 Obloariias 2 13 Rinck onk « 0 Swan & 12 Canario Copper adnd W1 B Tioton Wso o1l 2| e 1 Cities E Deep Min .05 Min . 01 by Cities Serv B cfs SO 5,000 vice € serip $1000 Cit 14 Creole ate.. Pet.. 2 7 Jib Conx Tumbo 1 Rise of 98 Points in Trading ada Hills Min. o Cop Parmac o n 1d it e LA Rt & et M Smt & Ref Midd Mine 6 Washington Gas Light—10 at 0% Merchants Bank and Trust Co.—10 at 130, | 15 t 130, 10 at 130, 10 at 130, 10 at 130, |at 13 | ’ Tonopuh Tonopah Min : United Verde 80178 Cont’] new wi .14 11 Wenden Copper ... 1/ 90 West End Ext.... .06 Washing —$300 at 101, $100 at {101, $100 ac 101 | Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. —— = BONDS EXPORTS ON INCREASE. PUBLIC UTILITY. Bid. .98 D100 Asked. | galtimore Also Reports Gains in . Imports During Week. . & Tel. 4 Special Dispatch to The Star. ::;t - {.]j:::f‘,i. A BALTIMORE, July 17.—Exports and P Telephone .. . : imports through the port of Balti- i 3 ye ... 3 3i; | more for the week ended July 12, ; I”‘Afl 5\"’“{:' 1‘ = & reflected in lh“dprgp:la‘ collector’s re. City & Suburban : S P et port, show a decided increase, com- | Geamsetomit GRN HRF €55 pared with the previous week. Ix- e Rleote : were valued at $2,070,621, an s were of duty making a an 5 of $1,574, o fox & Re & Atoap | over the week of Jul . Balt TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) i | wash.. Was) lingont G b Paper Mfg. 6s.. 513s September 1 (long). + gahort).. e Realt, Riggs Kesity lI(IIKI Realty o5 ern Dids, Ak, Cold man Fark Hotel & STOCKS. PUBLIC UTILITY. 1924. ... 100 13-16 100 L 101 1.3 1 7 101 17-32 101 2 - 1ot loig 1017 American Tel Ame & Telga. pital Craction. ashington_Ga: orfolk & Wasl Wash. Rwy. & Wash, RW, Terminal It's a sign of wisdom vou've been a fool. to admit FOR SALE FIRST MORTGAGE NOTES Consult Us If you have funds for investment. 'THOS. E. JARRELL Member Washington Real Estate Board Woodward Bldg. Muin 706-8370. i | capital | Columbin | Commereial nd A Sonal Bauk of Washington. TRUST COMPANY. American Security & Trust.. Continental Trust . Merchants' Bauk. Nationgl Savings Union Trust Washington When Buying Our 7% First Mortgage Notes You Can Be Assured First.—A very careful servative appraisal made. i Second.—The loan we recommend is less than 50% 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. Notes on hand in amounts of $100 up. Chas. D. Sager SAVINGS BANK. Commerce & Saings. East Washington Security Sav. & Com. u.nu Seventh Stree nited States Watkington Mechanics. FIRE INSURANCE. and con- has been American Corcoran Firemen National Union... TITLE INSURANCE: lumbia Title. Seal Estate Titie MISCELLANEOUS. r ptd. . Riehcnuate’ Franster & Btorage. 110 Mergent y 5 10 Mige. & Invest. pid 014 Duteh Market com. 0ld Dutch Market pfd. ® 35 Main 37 38 Lanston Monotype. Security Stors Washington Markef 924 14th St. N.W. Loan Departmént D. C., THURSDAY, JULY 17, 1924 FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13.000.000 1315 F ST Jonn PooLe Preswen STAR, WASHINGTO COTTON ADVANCE NOW §15 PER BALE 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 Qur MORTGAGE DEPARTMENT SHANNON & LUCHY] 713 and 715 14th Street N.W. Main 2345. Today Due to Hot Wave and Covering. Money on Hand To Loan By the Associuted Press W YORK, July 17— Further heavy coverlng on outside buying and on First Deed of Trust Improved Property Only JAMES F. SHEA 643 Louisiana Ave. N.W. continued dry hot weather in the southwest carried cotton prices up into new high ground for the move- ment today. July sold at 31.38 and October at 26.43, representing 72 to Y8 points net advance and almost $15 @ bale rise above the low figures of ten days azo, Cotton futures closed very steady. A Timely Booklet On Public Utilities “Public Utilities For Sound Investment” is the title of a booklet we have Just published, briefly an- alyzing aspects of the public utility business that are of particular in- terest to investors at this time. s Money to Loan Secured by first deed of trust on real estate. Joseph 1. Weller 420 Wash. L. & Trus % Bld, v Prices Strong. EW ORLEANS, La., July 17—The cotton market opened higher owing to much better cables than due, first| s showing gains of 9 to 25 points crop months. Prices ad- vanced further right after the open- ing call on d buying, October trading up to 25.24 and December to 25.04, or U8 points above the previous « The stimulating in- | fluence was reports of further rain in the eastern belt and continued | high temperatures general The | market reacted about § to 10 points later on realizing induced by two private condition reports, both mak- ing the average 714 and the indicat- ed crop 12.400,000 bales. steads at Orleans This booklet beints out the factors responsible for the exceptional stability of public utility invest- ments, and explains why they pay higher returns than other classes of se~ curlties posgessing a com- parable degree of safety. Invest Your Savings In Our First Mortgages “The Safest Security on Earth” 7% e Denominations $100 to SlO 000 EARNINGS REPORTS OUT. /Vl PRIS.CALRITZ: Ca -n."a Kresge and Endicott-Johnson Give} u;: K:"efl ;'“& Main 817 = orthwest Residential and Half Year's Results. | Business Property Only NEW YORK, July 17.—8. S. Company earned Write for a copy now. Thomas W. Brahany and Company | Wilkinx Building, 'Telephone | Washington, D. C. Main 618% 4 closed voints. Thomax W. Brahany & Co. Wilkins Bldg., Washington, D.C, October. 2403, bid 0. axked January., Please send me full informa- tion about Cities Service Pre- ferred Stock and about your monthly payment plan for buy. ing it Name.. .. Address Kresge net income of | $4.346,917 in the six months ended June 30, equivalent after preferred dividends to $17.45 a share on the common stock. This compares with 1, or $16.63 a share, a year| Surplus for the half vear in- sed about $200.000. he Endicott-Johnson ports net profit of $1 5 for the half of 1924, equal after pre- rred dividends 13 4 share on the common stock, against or $4.57 a share, in the same last year. Net sales of $31.46( fell about $2.000,000 compared the first six months of 192 CAREFREE INVESTMENTS orporation period No need to anxiously watch market reports, industrial con- ditions or worry over value fluctuations of your securities. EQUITABLE Co-Operative Building Association OUR FIRST MORTGAGES Over a Organisedl 1870: Quarter Eliminate every speculative ele- 44th YEAR COMPLETED Assets Surplus The Systematic Fashion of the and count of a ment, insure payment of both principal and interest and carry the highest rate for such abso- lutely safe investments. Century Without Equitable encourages saving Open an ac- a Loss Promotes success. Now Subscription for the 87th Issue of Stock Being Heceived Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, & B. Main 2100 F. SAUL CO. 1412 Eye St. NN\W. AND THEN— The Interest Rate Declined! O not be one of those 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 jn- 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! Swartzell, Rheem & Hensey Co. 727 15th Street N. W, 55 qurs_ Without Loss to An Investor . . Historic S aia Associations This bank abounds in historic associa- tions, but bases its bid for your business on up-to-date faci ties, and DEMO STRATED ABIL- ITY TO SERVE. Metropolitan Bank OLDEST National Bank in the City 15th St., Opposite U. S. Treasury FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS Rondett K Hogner ¥ G 7207 %me’r/?'m/ Svenue 61/ 7 FIRST MORTGAGE 2 /0 REAL ESTATE NOTES These notes not only offer the opportunity of a safe invest- ment with a good yield, but enable the placing comparatively short or long term. mortgages on improved District of Columbia property of the of funds for a They are secured by first highest type, and we guarantee the prompt and full payment of both principal and interest. We attend to all details. Real Estate Mortgage & Guaranty Corp. (Resources Over One and a Half Million Dollars), L. E. BREUNINGER, President. 26 Jackson Place. Little Lessons In Financial De finilions— INVEST: SECURITY: SAFETY: When you buy our 624 per cent FIRST MORTGAGE VESTMENTS we assure you that all the elements of SAT and SECURITY are placed paramount to the consideration of To lay out money with the view of ob- taining an income. To put beyond hazard of losing or of not receiving—to make certain the fulfillment of an ob- gation. Justifying trust; insuring against loss. To be relied upon. TO justifiably proud of our record of NO' LOSS ANY INVESTOR. Then, too, try our service policy if you like it. We think you will Mortgage Investment Dept. lNc 713 and 715 14th Street N.W . Main 2345 Safeguarded by Valuable Land Land is valuable, first because of its location; sec- ond, because of the building erected upon it. Valuable land, improved with an appropriate mod- ern structure, in a location of permanent investment worth, is the security behind every Smith Bond. Full particulars about our First Mortgage Bonds, which yield 62, % and 7%, will be mailed to you on request. Smith Bonds Are Safe Bonds NO LOSS TO ANY INVESTOR IN 51 YEARS. Jhe . F.H.SMITH COMPANY ounded 1873 SMITH BUILDING 815 FIFTEENTH ST. Established 689 115 Copueniept Depomipatieps For Ipuestors