Evening Star Newspaper, July 21, 1924, Page 21

FINANCIAL. LIBERAL ARRIVALS AT CENTER MARKET Watermelons Are Cheaper.| String Beans Higher—Heavy Tomato Receipts. The daily market report on fruits and vegetables, compiled by the Ma¢- het News Serv Bi au of Agricul- follow Supplies liberal. De- Market stead salmon tint : jumbos, 45 15s pink meats, 1.10a1.15: jumbo North Corolin standards, 45 1.50a- flat 11 sizes, 90 cents. Peach Market Steads. tural Economic Cantaloupes mand moderate. California and Arizona ndards, 45 24.00, flats, Arizona, meats, . few 2.00; Demand stead; —Supplies liberal molerate. Market about a and 65 small sizes, 1.00a1.25: 1.25a large 2.00; Belles, small size. 1.00a1 Nortk Carolina fs medium to larze siz bushel b 5: large Potato. Timited; folk size. many green, Supplies market weak. Virginia, Nor- ction and North Carolina, cloth stave barrels Irish biers. 2.2522.50: few. some heated, 1.30a2.00. Bects—Supplies libe demand moderate: market steady. Home- Zrown. 2.00a3.50 per 100 bunches. Carrots—Supplies moderate: de- mand moderate: marker slightly weaker. Homegrown. 2.00a3.00 per 100 bunches. String Beans Higher. String beans—Supplies limited mand moderate: market stronger. Homegrown uncovered sla barrels. 6.00a8.00 Squash—Homegrown supplies lib- eral; demand moderate: market firm Homegrown. haif-bushel hampers, white. 1.00a1.25 Apples—Supplies liberal, deman erate. market fairly stea and West Virginia. Yellow Tran No. 1. mostly around 1.50 Peas—Supplies i market steads mpers. Telephones, Cabbaze—Supplies mode mode steady uncovered pointed trpe, 1.06a1.% demand mod- homegrown and round Watermelons Cheaper. Suppl oderate. Iy North C: ostly 2.25a2, beral. demand bout &t crates. 1.25al Homegrown supplies mod- demand home- erate and su mod 3 own, half-bushel hamper 23,30 mostly 3.00 Watermelons. moderate, market The visible | 1in_shows the 1: corn, de- decreased 100 ~Direc- Railways | 39,000, stockholders. t interest and ng a higher iron 21.00 steady: No. 2 Northern Southern. 15.3 pot. 7.00. Zinc Tutures, An- timen:. spo! CALL MONEY RATES. EW YORK ady: high, sing bid. oan, 2: call July Tow at against asy: mixed 4-6 months. paper, 3% loans 11 prime commercial FLOUR 10 CEN'TS HIGHER. MINNEAPOLIS. July 21.—Flour un- anged to 10c higher at 7.75a7.55 a barrel. Shipments, 41,039 barrels. Bran, 23.00. Wheat, No. 1 Northern, 31%a1.36%: July, 1.30; Septembe 130355 December, 1.31 3 vellow, 1.04%2al. white, '45%a19 2 43 1e. ¥iax, No. 1. 2.40%a FOREIGN EXCHANGE. Tiv the Associated Press NEW YORK. July 21.—Foreign ex- changes steady Quotations (in United States dollars)—Great Brit- domand. 4.3511-16: cables. 16: 60-day bil France, der italy, d Belgium. ) 5 .0463. Germany, (per _trillion), .23%. demand, 3821, Norw 339. Sweden. demand, mark. demand, 1611 demand, .1831. Spain. demand. .1331. Greece, demand, .0172. Poland, mand, .00191,. Czechoslovakia, de- mand, .029714. Jugoslavia, demand, .0119." “Austria, demand, .000014% Rumania, demand, .00 Argentin: demand, .3236. Brazil demand, .097 Tokio, demand, .40%. Montreal, de- mand, .99 5-15. 21 de- 660. Den- witzerland, “MORE BIRDS‘ FEWER BUGS.” Pen}uylvuu‘n Adopts Slogan to Protest Useful Little Flyers. Prom the Louisville Herald-Post. ‘More Birds—Fewer Bugs” is the slogan adopted by the board of game commissioners in waging a vigorous campaign against the killing: of song and insectivorous birds in Pennsyl- vania, Hundreds of tons of destructive in- nects are consumed daily by the birds of Pennsylvania, officials of the board assert, and the law provides a fine of $10 for killing protected birds or de- stroying their nests. The economic value of the birds is expected to appeal 1o the persons who do not refrain from killing them because of their beauty and song, AL b 2 His Great Fear. Prom the Pittsburgh Chronicle-Telegraph. Uncle Joshua was a hard-headed old countryman. One day one of the neighbors started twitting him about A shady horse dea] that he had been concerned in. “They're telling all about wyou, Josh, 5 kinds of lies said his informan “What are you going to do about it? “Do?” replied Josh coolly. “I'm =oing to do nothing. I don’t care how many lies they tell about me; it's the truth I'm frightened of.” e Before You Invest—Investigate, It's queer how careful a man can be after he's lost his money. Abe Mar. tin says that a man who is not sat! fied with & per cent and his money are soon parted. demand | demand Holland, | demand, | de- | Received by Private Wire BY WILLIAM F. HEFFERNAN, NEW YORK, July 21.—A heavy buy- ing movement. which carried radio | stocks to new high prices for the year and brought further improve- ment into other parts of the list, started at the beginning of business on the curb exchange today and con- tinued throughout the first half of the session. Thereafter the demand was not as pronounced, but most stocks held around their best prices. With no unfavorable trade develop- ments over the week end there was no incentive for bear operators to work for a reaction. Dubulier above 1 gained another point, Hazeltine cold at 25 and was up similarly, while Radio Corporation new, Thompson, NEW_YORK, July 21.—Following is an official list of bonds and stocks traded in on the New York Curb Market today: BONDS. Righ S A Packers 6s.. 13 Allied _Packers 8s 2 Alum_7s new 17 Am Gas & Elec 65 Low. 7 Antilla Sugar 4 Aswo Sim Hdwe 6135 1BANG & WTSS o 20 Reaverboard 8 ... 1 Beth Steel 7s B 3 Childs Co 6s........ 104 10 Cit Serv 7s D.. 9415 0 Gas Ml S K 100 s Balto 6s A 1041, 0 s Bal 6is D 108 Con I M 6lys A 2 Cudahy Siax ... 7 Deere & Co 7iia 11 Detro't Edison 6s. 10 Dun Tire & Rub % 16 D Lt Pit 1 Hood Rubber 7s.... 5 Inter Match 6las ‘wi 1 Kan City Term 13 Kennecott Cop Power Ry VN & és. at Leather Ss New Or Puh Ser 38 h St Pw M blss'C 101 Tilford &5 hoslorakia 8s 5 of Neth 6 n Gost Gort 6 Govt 61as'n ¢ STANDARD OIL ISSUES. 217 Sales in units. 10 Rorne Scrymser .. 130 Cumberland P L. eka P L 20 Gal Sig O 100 Humble 0 & R new 1000 P L 310 Tmp 0i1 ot Per Co lid.ll olia_ Pet Nat Transit 100 Dhio Ol new 2 Solar Refin ) Southern I T 1100 S 0 N Y mew.. | | Washington Stock Exchange. SALES, Washington Rwy. & Elec. 45—3500 at 74% $1.000 at 74! Capital Tra hington Rwy. & 10 a0 76,10 at T4 onal Baok 10 at 140, 7 at 10 at 140, Higgs National Bank—5 at 29 Lanston Monotype—10 at 3. 6 at 3. Merchants Transfer and Storage Co.—1 at 1107, National Mtge. &Invest. pfd. AFTER CALL. Washington Rwy Washiugion Gas Lizht i 5 s-$300 at G300 00 at 1008 . 3100 {at 300 Mergénthaler Li Money—Call loans, 5 and 6 per cent. Bid and Asked Prices, BONDS. PUBLIC UTILITY. Bid. 96 101 101 116 88 American Tel. & Telga. 4% Am. Tel. & Tol. ctl. tr. 3. Am. Tel. & Tel. conv. 6s. City & Suburb ! Georgetown Gas Metropolitan K. K. | Potomsc Electric 1st 5. Potomae Elec. cons. Potomae Flec. deb. s Potomac Eiec. 65 195 Pt Eiec. Pow. g. . Alex. & Mt X & Mt kA hington ¢ hinzton . Rwy h | Riggs Re Riggs Realty Sontbern Bldg. 6%s.. Wash, Mkt, Cold Storage 5s. Wardman Park Hotel 6s. STOCKS. PUBLIC UTILITY. American Tel. rts. American Tel. & tal Traction.. gton_Ga ortolk & Wash. ab. Sizambos R, v ec. oh twy. & Eiec. pta Yerminal Taxi com NATIONAL BA! Blstrict. : Farmers & Meciianics' Lineoln National Metropolita Riggs - Second Nationa ‘ TRUST COMPANY. American Security & Trust.. Continental Trust Merchants' Ban National Savings & Tri §E§§a§ af855u8 FIRE INSURANCE. H American Corcoran Firemen National Unios TITLE INSURANCE. bia Title. SRRt it MISCELLANZOUS, B % 4 Dutch 01d Dutch Market pfd... Lanston Monotype. Security Storage. Washington Ma —_— THE EVENING STAR, WASHINGTON, NEW YORK CURB MARKET Direct to The Star Office Rova and Ware were at the highs for the year. Cuts in crude oil quotations of from 10 to 25 cents a barrel announced by the Standard of Louisiana and the Texas Company passed unnoticed s0 far as the oil shares were concerned. The belief prevailed that the worst concerning the situation in_ this in- dustry had been discounted. Penn- Mex Fuel jumped 3 points to 33, the Indiana shares crossed 56 again, Prairie Oil and Gas gained 2 points before the rise was checked and Solar jumped from The Saturday final of 175 to 181. 4 The recent increase in the price of the copper metal was reflected in the increased activity at slightly better prices for most of the copper stocks. = United Verde gained a half point to 25, Jib Consolidated crossed 80 again and Wenden was taken above the dollar level. 80 S 0 Ohio... 10 8 W Penn P L. 30 Swan & Finch. 1900 Vacuum Oil new.. 628 61% Sales INDEPENDENT OIL STOCKS. in hundreds. 2 Ark Nat Gas 1 Boston Wyo Oi 5 Carlb Synd 1 Cit Serv . $1000 Cit Serv 31 Creole Synd ... . 8 Guif Oil of Pa... 20 Hudson Oil . 181 Lago Pet ... 20 Latin Amer 0il. 12 Livingston Pet 1 Mount Prod . Mut Oil vet ¢ w Eng Fuel Oil N Mex Land. 3 Omar 0N & G 1 Peer 01 Corp 30 Penn Reaver Oil. Pennock Ol ... Pierce Pet w i Red Bank Oil new.. Roy Can 0 & Ref nulpa Refin ileox Ol & 1 Woodley Pot. . 284 88 40 40 280 83 Power & L.... T & T new wi Atlantic Fruit wi Prod Corp wi Light o, nt_Aguirre Centrifug Iron (hatterton Ser ... 1 Chatterton Ser pfd 314 Com Power Corp.. 1 Cont Tob lnc 1 Cuba Co. 3D L& W Coal ubilier € & Radio s Pont Motors ¢ East Penn Elec (o st Fl Bond & Su prd 1 31 Gilletts S R n Motor nw wi on Alden Cosl nter Co ondyear Tire Grifith D W... azeitine Corp wi. Hudson & Man, Hudson Co pfd 45 7 1 Lehigh C 88 Lgh Val €l new wi 1 McCrory Stors War 1 Mixs'ppi River Fow 2 Omnibus A pf wi i Peerless Motor. . 24 Radio Corp ... 36 Radio Corp pfd 4 Radio new A wi 4 Radio new A pf wi 1 Repetti Candy 2 Motor . 1 Swift Intl 21 Thompson Radio wi 11 United Bakerics. .. 6 United G & K new 4 Ward B Co A wi 30 Ward B Co B 3; Western Power .. $ Yelw Taxi Crp N ¥ 213 MINING. 10 Arizona Globe Cop. 16 B Oak Gold Mives 7 Canario Copper . 1 Cont Mines ... 5 Cons Cop. Min nw 40 Cortez Silver .. 2 Cresson Gold 230 Diam Black Butte. 10 Divide Extens lareka Croesus 440 Coraneia Deep Min 50 Gold Zone ... 20 Hardshell Mia 280 Harmill Div ...000 00 dlawth Mines in: 1 Hollinger ..... 11 Howe Sound 140 Independence Lead. 436 Jib Cons .. 7 North Butte . 17 Ohio_Cop 40 Par Por Min Ltd 10 Red Hill Florence. . 9 Hocky Mt 8 & Ref 1 Teck Hughes. 2 Tonopah Belmont. . 12 Tonopah Divide 1 Tonopah 11 Tono M 11 United 30 U 8 Con Wenden Copper . 30 West End Consol 20 Wettlauter Lor S 30 White Caps ... - 7,117 ENGINES UNUSED. Class one rallroads had 7,117 | servicable locomotives in storage on | July 1, the largest number since May 1, 1923, and an increase of 106 over | June 1 the American Railway As-l sociation reports. In the last half of | June, 25,791 locomotives were re- paired and turned out of shop. com. | pared with 24,898 in the first half of | the month. Move Hinted in Connection With D. €., MONDAY, MAY LEASE RAILROADS. ; EQUITABLE Co-Operative Building Association Organized 1879. 44th YEAR COMPLETED .. .$4,755,170:52 .. $1,248,320.98 Erie and Pere Marquette. - NEW YORK, July 21.—While the plans of the Van Sweringen interests for the merger of the Erie and Pere Marquette Railroads into the “Nickel Plate” system have not been divulged, Wall Street has heard reports that a long term lease may be decided upon as a preliminary step to the actual physical consolidation of the prop- erties into one large system. This lease undoubtedly would guarantee the payment of fixed charges and > dy income in maintain the present dividend until e systematic a valuation could be agreed upon || saving plan of the Equitable is a most and plans perfected for an exchange effective method of cumulating of stock of the present roads for that neney of the new STRIKE SUPPORT PLEDGED Baltimore Garment Workers Still Undecided on Walkout. Special Dispatch to The Star. BALTIMORE, July 21.—The fulll strength of\the International Ladies' Garment Workers' Union. one of the most powerful labor organizations in the United States, may be put be- hind the proposed strike of garment workers here. International President Sigman, | speaking at a mass meeting charac- terized Baltimore as the “one black | spot” in the industr: 1f the local worl ness,” and will stay demands are met, the international will sanction the strike. and will | stay behind the strike here, Sigman | said. The Federation of labor has also pledged aid. i o There are more armed men in Eu- | rope now than there were before the Wwar. Subxcription for the 87th Issue of Stock Being Received . Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Sec'y. Money on Hand To Loan on First Deed of Trust Improved Property Only JAMES F. SHEA 643 Louisiana Ave. N.W. until their FOR SALE FIRST MORTGAGE NOTES Consult Us If you have funds for vestment, THOS. E. JARRELL Member Washin Real Estale Board Woodward Bl Muin 766-33 When Buying Our 7% First Mortgage Notes Y Arnold Guaranteed Certificates A rmol aranteed Certificaten afford a safe and pro@table in- vestment for surplas funds. They are wecured hy firat mort- Zngex on improved income real extate and homes. und are a d reet oblig: of Arnold and Company. lesued $100, run for vears Send for Booklet K-1 ARNOLD AND COMPANY Incorporated Surplax, $1.250,000 Can Be Assured and has con- been First.—A very careful servative appraisal mad, Seen The loan we recommend is less than 50% of the market price. Third.—After vou have purchased one of our notes you get a serv- ice that assures you interest the day due. Notes o in amounts of $500 and $£1.000. to term of 2 to 10 Band in amounts of 00 up. Chas. D. Sager 924 14th St. N.W. Loan Department Main 61/2% First Mortgage Notes Secured by Improved D. C. Real Estate. Guarantee Backed by More $1,500,000 Resources as to: Security of Principal All the Time. Attractive Normal Income. Prompt Consecutive Interest Payments. 4th. Full Return of Principal When Due. 5th. Freedom From All Care and Management. Real Estate Mortgage & Guaranty Corp. (Resources Over Ome and a Half Million Dollars) L. E. BREUNINGER, President. 26 Jackson Place Written Than 1st. 2nd. 3rd. . Established 1859 I Copuepiept Depemipatiops For Ipuestors [S—ecured Savings— That’s the Kind You Get Here— When You Deposit Your Money On Account of A First Mortgage Note— The Interest Rate is 6% From Date of Each Payment— Notes Issued $100 to $5,000— Property. Worth Double Each Loan— Neyer a Loss For an Investor— M"l'l(: Investment Dept. Siwmon & ey 713 and 715 14th Street Main 2345 Tellow Cab. *Ex-dividead. g WHAT EVERY INVESTOR IS LOOKING FOR ¢ Safety of principal, certainty of yield, an adequate return and a complete investment service that relieves them of all detail and worry Over a Quarter OUR 6Y2% FIRST MORTGAGES of a G —meet every test Without a Loss In amounts of $250 and wup. B. F. Main 2100 SAUL CO. 1412 Eye St. N.W. FINANCIAL. * JULY 21, FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13.000.000 1315 F ST Jowun PooLe Patsmem Money to Loan Becured by first deed of trust on resl estate, Prevailing interest and commissior Joseph L. Weller Prompt Action 33X 15tk Street OLDEST NATIONAL BANK IN THE CITY The Metropolitan—none We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street modern busihess demands. Accounts of Corporations, Firms and National Metropolitan 110 Bank 110 Years Years Oid Old I 15th St., 420 Was n L. & Trast| Thomas J. Fisher & Company, Mortgage Bond & Guaranty Corporation WASHINGTON, D. C. (Incorporated Under the Laws of Virginia) Authorized Capitalization 250000 Shares 87 Cumulasive Preferred Stock. par valus $10.00 . . .. $2.500.000 250.000 Shares Common Stock. par value $10.00 $2.500.000 Forging Ahead— EANS more than s.aving. It also means M a wise choice of investment for the money you have saved. By investing in the stock 6f the Mortgage Bond & Guaranty Corporation, you receive an immediate return of 8% on the cumula- tive preferred stock. The dividends are free from the normal Federal income tax and the stack is free from the D. C. and State of Vir- ginia intangible tax. All dividends over and above the 8% paid on the preferred go to the common sharcholders. ‘The Mortgage Bond & Guaranty Corporation deals exclusively in First Mortgages secured by improved income-producing real estate. A management of integrity and successful busi- ness experience assures the profitable handling of all transactions. A portion of the stock is now being offered at the same price paid by the officers and direc- tors. This gives the investor an opportunity to participate in the earnings of the Corpora- tion on the same basis with the directors. Partial Payment Plan—20¢ cash; 57 of re- inder per month for twenty month:. No interest charge on deferred payments. Regu- lar preferred dividend applicable to zinount paid in. 1 Share 8% Cumulative ] Preferred . . . J ™ { I'7 ! ! i i i ' i L) A Iastituiion Is as Swemg as Iis Management Harry A. Kite, President Prasicent. Hary A Kite, Tnc., Buvders and Rea’ Appleton P. Clark, Jr. Vi e-Prosia rohitect tate Operators resident c Thnit Building Co. W, J. Waller, Treggurer Pederal American Na- Frask P. Morse, Secretary Marager. Washington Branch. Redmond & Co.. Investment Bankers. C. S. Taylor Burke President. Burke & Herbert, Bankers, Alezandria. Va. Frank J. Hughes Vice-Pres.-(ren. Mgr. & Tnvestment Corp. James H. Preston Nationa! Mortgags . Baltimore. Md. v Mayor of Baitimore. J.S. Graver Pesidert. Thrit Building Company. W. O. Peirson Vice-President. Union Trust Ca. FBaltimore. M. George E. Walker Timber Dealer. President. Nationa! Mortgage & Tnvect- ment Corporation. William D. West Drecident. Rudoloh & West, Hardware & Burders Fiee. Vice-President. Citizens Savings Bank. Clareace F. Donohee John P. Donshoe Sons. Real Estate, Insurance & Investmeants. { e e $12.50 1 Share Common Descriptive Booklet Upon Request HUGHES & COMPANY (INCORPORATED) INVESTMENTS 1418 Eye Street. N. W. 1 et s o s ) || v B e o 6 e P e 4 S P S A) S e A A s e A 48 e 4 4 A P Y8 e 4N (P 00 4 e P h A T A AL The Government Sees The Handwriting on the Wall 4129 War Savings Certificates have been withdrawn from the market— The interest on Treasury Certificates has declined from 4% to 234 %— N Federal Reserve Banks have reduced interest rates to 4% and 3% %— And even call money in New York has fallen as low as 2%— BUT— We still have on hand some attractive First Mortgages in denominations as low as $100 which will return. the in- vestor 7%. ‘If your money is not now available but will be free in the near future, we will be glad to resgrve your investment for you. Swartzell, Rheem & Hensey Co 727 15th Street N. W, 55 Years Without Lost to An Investor — 21 First Mortgage Loans Lowest Eates of Interest aod Commissioa. 1L - NO local bank is richer in tradition than better equipped to give that type of super-service Individuals Invited Opposite U. S. Treasury