Evening Star Newspaper, July 25, 1924, Page 17

FINANCIAL, = LAMBIN DEMAND AT GENTER MARKET Today’s Sales Heavy—Tur- keys at 32 Cents—Vege- table and Fruit Review. Meat dealers this morning experi- enced a run in the lamb market, lamb being a good seller during the heated perivd. Supplies were equal to the creased demand, however, and ices remained at levels quoted yes- lay. Other meats were not much in demand. pring chickens, in demand for Sun- day. were quoted at from 3 Jower price being smaller stock. No + change in the price of hens was noted. Turkeys, used chiefly in hotels dur- ing the summer season, were quoted @t 30 and 32 cents today. Most of them are storage stock, but dealers say they were stored under best con- ditions and are in fairly good defnand. © changes in huttr prices were reported today. Supplies are ample 1o meet demands, and no appreciable changes are expected the next few day days. The daily market report on fruits and vegetables ' compiled by the Market News Service Bureau of Agri- cultural ¥ wnics follow Cantaloupes—Supplies liberal. D mand moderate; market steady. Ar Salmon Tints, standards 45s, maostly 250 standard jumbos. 4 1.00a4 3 12s and A 35: pink mes standard flats, 1 Sumbo flats, a0, California, Saimon Tints, andards, 36s and 45s, 2.75a3.50. some e low as 2.00; ponys., 51s, mostly Peach Market Firm. Peaches—Suppl moderate. mand_moderat st firm. and South Ca 1d yrgia, Relles, large 00: medium small 15041 um and small s small size, i South_Carol ize, 2.00; medium 1.50a1.75: bu. baskets, large size, 2 Potatoes—Supplies ~ moderate; mand limited: market steady; Vir- iinia, Norfolk section and North| Carolina, cloth top stave and_slat barrels, Trish_Cobblers, U No. 1. 1.75a; Watermelons — Supplies moderate; market atsons, 21 to 26 pound Excells, 30- average, pound tly sunburnt, 5.00a17 32 to 34| 4 average. 00.002350.00. | rts—Ho! mand 1 homegrowr Cabbage - e grown, receipts ;" market stead 400 per 100 buncke: Tibe moderate; market fairly steady; Vir-| inia. barrels, crates type mest wvered round type, Apple Prices Wea barrel Carrots—Homegrown, crate, demand e hom: grown, 2.0 bunches. String beans ited mand moder grown, uncovered Apples—Supp'ies erate, market we Virginia, parents, | Corn- R around 1.25 ippies liberal, demand mod- r: North demind mod v York crates erate. Rig Boston ty Tomatoes . demand stronger: homezro v, supplies mod 11f-bushel ham- " demana W York, $121,000,600 COMPANY IS SOON TO REORGANIZE Wilson & Co. Stockholders Agree to Deposit Securities to End ip Action. Receivers! Ry the Assoviated Pres CHICAGO, July 23—Financial re-| onstruction of Wilson & Co., the $131.000.000 packing corporation, with Triendly receivership proceedings as the legal instrument, will take place shortly after August 1, the Chicago Tribune savs. Figures of the au ors working on the plan will be completed by that time, the newspaper . adding that owners of approxin 5 per cent of 1he overdue obligat pany have deposited their holdings with the bankers' co o agreement to evtend < x months cording Wetmore, presi tional Bank. Out of a total 6,450,000 of paper cutstanding, o 1,374,000 is vet to e deposited, and about half of this Tas vet to mature. ns are being nade to make the receivership an eco- nomical one. ome of the plants in other states have been reincorporated Yo avoid the expense of several ancil- Jary receivers dent of the £ FINANCIAL NOTES. NEW YORK, July 25.—United Bakeries Corporation reports net profit of $1,651,428 before income tax rarned by all companies owned or controlled by them for ing June 21, 1924, Gmission” of the Bethiehem dlvidend aroused considerable speculation in Avall street as to what dividend action would be taken by the United States Steel Corporation next wee In the st two quarters extra dividends of 0 cent: share have been declared in addition to the regular quarterly payment of $1.25 ROAD'S EARNINGS DROP. BALTIMORE, July Net railway operating income of the Maryland & Pennsylvania Railroad Company for the six months ending June 30 last was $76,769.68, or $23.868.87 less than during the corresponding period of 19 according to the report just made public. The ratio of operating | expenses to operating revenue 73, or an increase of as com- ared with the half-year period last Year. BANK LOANS LIQUIDATED. NEW YORK, July 25.—American Agricultural Chemical, it s under- “tood, will issue a report next month “howing all bank loans liquidated. The company is said to be doing a satisfactory volume of business. With the visible improvement in agricul- tural conditions exemplified in high- st prices for corn and wheat in five vears and 32-cent July cotton it is expected in the street that the volume of sales of fertilizer will rise from this time on. DRY GOODS ORDERS GROW. BALTIMORE, July 25 (Special).— Better outlook for the wholesale dry oods business is seen by a number of Baltimore firms. Activity has in- eased materially during the last 30 days, particularly on tne part of nerchants in the South. The recent display of firmuess in the price of cotton is adding greatly to the con- fidence of both wholesale and retail dealers, it is asserted. While orders continue to be small, they are being placed more frequently. LIVE POULTRY LOWER. ICAGO, July 25.—Poultry, alive, ek G ateady: eavy fowis' half cent lower; others unchanged: fowls, 16a2L. to 43, the | . Georgia and South | South Carolina, bulk | demand | ., market slightly | s of the com- | ittee under | Georgetown Gas 1st 5 Potom weeks end- | | Wash. Mkt. Cold Storage 5s. W | American Tel. & Tel. rt BY WILLIAM F. HEFFERNAN, NEW YORK, July 25.—The long- looked-for *reaction in radio stocks showed signs of getting under way in certain members of the group today. The selling merely reflected the de- sire to take large profits which had been accumulated by those who had purchased at substantially lower prices. These realizing sales brought about declines of two points in Du- bilier and Ware Radio. Thompson and Hezeltine were also lower for a time. Radio Corporation, both old and new issues, continued to move for- ward on the belief that they had not shared to the extent of others in the upward movement. While the mar- ket elsewhere was firm, it was evi- THE EVENING dent that professional traders were more disposed to take profits than to increage long commitments. This re- sulted in some selling in the oil group, but declines were slight. Bear operators, ever ready to pounce upon the volatile Durant Motors, were suc- cessful in causing a break of 3% points, but only to have the stock rally to the previous closing level of 21%. Glen Alden Coal shares were again a feature on the side of advance and crossed 105 for a gain of more than 3 points. The-demand recently is said to reflect improved earnings and expectations of larger dividends in the future. Diamond Field Black Butte fea-| tured the low-priced mining shares, running up to 20 on the report that a new ore body assaying $149 in gold to the ton had been uncovered. kA S NEW_ YORK, July 25.—Following is an official list of bonds and stocks traded in on the New York Curb Market today: Sales in BONDS. thousands. Low. Close. 13 Allied Packers 8s. 82 83 1037 103 103 107k Alum 75 '25 Alum 75 new 4 Am Rolling Mills 83 Anaconda s . Anglo_Am Oil 7T Asso Sim Hdwe 6} 1033 1101 10135 Cit Serv 7 94%, Con Gas Bal 3 E 1015 101 Con Textiles 8s..... 79 ' 79 Con P& B 6lax Awi 914 01% Cuban Tel Tiys. 106 Deere & Co Tigs. 102 Decre & Co U R. 104 Detroit City Gas 65 103~ 102% 5 Detroit Edison 6s... 107% 1073 Dug L Pts 9215 Federal Su 1007, her Body 65 10234 her Body 6 Robt Ts. alena Sig Oil 7 eneral Pet s rand_Trunk 6 5 ulf Ol Corp 5s... 88k ulf 01l Corp 5izs.. 1011 Gr Con EI P 7s A wi 91y lutern Mat 61.s wi Kennecott Cop 75 - Leh V1 Hr Ry 5 Libby. McN & L Ts Motor Prod Co 6s. 10 Shawsheen 75 1 South Cal Ed 5 46 Star G & B 380N N N N 0il Ts 10135 wift & (o 981y ELL & Pw 5 913, Union Ol Gs 101% Uni Ry of H 109 King of Neth 6s Russ Gov ofs Russ 2 Solvay & Co 9 Swiss Gov Sl STANDARD OIL ISSUES. in units 100 Anglo-Amer Oil 60 Buckeye P L 30 Eureka P .00 200 Humble 0 & R 60 Tilinois P L Imp 0il of Can ORI el Inter Pet (v, 'Ltd Magnolin Pet 200 Ohio Ol new . 70 Prairic Oi & 20 Swan & Finh e 1700 Vecaum Oil o 6 e 6% ales INDEPENDENT OIL STOCKS. T Bundreds. ‘ 10 Carib Synd..... Washington Stock Exchange. SALES. Washington Gas 6s "35—$400 at 100%, $1.000 at_101%. Casiington Gas Light—9 at 50. = Washington Rws. & Elec. prd.—10 at 75 Lanston Monotype—10 at 73%, 10 at 73 AFTER CALL. Mergenthaler Linotype—6 at 139. ‘lh?lh! & Potomac Tel. of Va. Ss— 000 nt F\auingtin Gas 6n 33100 at 100%, Shington G a : ong o , 10 at 4915, 4 at 49, éo at 4915, 10 at 49 at 4913 Mones—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. American American Tel, & Telgs 100 Am. Tel. & Tel. ctl. tr. Bs..... 101 Am. Tel. & Tel. conv. s....... 116 Anacostia & Potomac 5s........ 88 ‘Anacostia & Potomac guar. 5s.. 88 C. & P. Telephone 5s. 98 P. Telephone of V& 95 ital Traction R. R. 5s. 8% City & Suburban 5s.. 821 Metropolitan E. R. 5 Elec. Ist 5. Potomac Elec. cons. Potomac Elec. deb. @s. Potomac Elec. 6s 1033. Pot. Elec. Pow. MISCELLANEOUS. . Paper Mfg. 6s. calty bs (1ong) . ggs Ltealty Os_ (short) Southern Ridg. 6%s... rdman Park Hotel 6s.. STOCKS. PUBLIC UTILITY. American Tel, & Tels Capital Tractior L% | Washington L e49 50 | Norfolk_& L213 218 | Wash. Rwy. & Elec. com. DBy TR Ry, & Elec. pfd . 751 ‘erminal Taxi com.. 80 12 NATIONAL BANK. District .. Farmers “& Mechanics Federal-American . Liberty ... L 148 Lincoln 0l 338 National Metropolitas L Riggs 289 Second 1. National Bank of Washington.. American Security & Trus Continental Trust.. Merchants' Bank. National Savings & Trus Union Trust. st seesas 108 Wash. Loan & Trust..... 410 SAVINGS BANK. & Savings East Washington. 35 Security Savings & Com. 805 Seventh Btreet........ United States. Washington Mechanics.. FIRB INSURANCE. American Goreor Firemen’s . : National Union.. TITLE INSURANCE. lombia Title.... Soal Batate Titie. . MISCELLANEOUS. 9 1% . C. Paper pfd <o seas 75 Dieschanter Pransfer & torape. 110 123 Mergenthaler Linotype.. S 158 Natl, Mtge. & Invest. pfd. 0ld Dutch Market com. 0ld Dutch Market pfd. Lanston Monotype. Security Btorage... Washi riet Yellow Cab.. *Ex divident 1% Cit Serv..... . 137y 136 2 Cit Serv pfd... % TG 1 City Serv B cts.... 13% 13 $2000 Cit Serv scrip.... 81 111 Creole Synd - % 10 Federal 01l 1 Gult Oil of Pa 30 Hudson Oil 73 Lago Pet .. 17 N Bradford Ol wi.. 5 N England Fuel Ofl. 3814 Northwest Oil...... .03 RETT N IR Tennock Oil. . Red Rank Oil ek Prod.. INDUSTRIALS. Allied Pack new.. 4% Allied Pack pr pfd 367 Am Cot Fabric pfd 97 Un Oil of Cal D wi 132% Wilcox Oil & Gas. Woodley Pet ... g . Am 6 & Bl new wi Am Hawalian S . Am L & Tract .... Am Maltigraph Co.. Am T & T new wi 1223 Am Type Fdrs ... 181, Atlantic Fruit wi.. 1% Tiorden & Co ...... 131 Rurrghs A M new. 59 Burr A M pew pfd 10013 Car Light ........ .50 Centrifugal ‘ron’ P Chatterton ....... 1t 85 B o 1 1 3 3 Child Co new wi. 1% Com'wealth Pw Cp 95by 3 Cont’l Tob Inc .... 23% 1 Cuba Co s 8 Doeh Die Cast € wi 18% 66 Dubilier C & Radio 3 Duohill Intl Inc ... 48 Durant Mot ....... 7 Du Pont Motors .. 3 1 El Bond & Sh ptd 101 1 Gillette § R...... 20 oodyear Tire . . 11 Hazeitine Corp. wi Heyden Chem Hud & Mann R Hudson (o ptd ... Inter Cont Rub .. Keystone Solether. . Lake Tor Boat Leh Pow sec .. Lehigh Val Coal Lehigh V C new wi G McCrory war cfs.. Metro 510 ptd.... Mesabi Tron - Middle West Ut National Tea C¢ XY Tel Co pt Omnibus V T C. Omnibus A pfd Phelps Dodge Radio Corp ...... Radio Corp pfd ... Radio new A wi. . Rd C nw A pfd wi Richmond ~Radiator e 3 Z 2 i 2 e Tenn EI Pow 94 bt Thom ta C sic wi @ FYSTOIOL 731 N = Ward Bak Co pfd.. Ware Radio w i Western Power ... Yellow Taxi Co NY MINING, 30 Arizona Globe Cop .| 28 Black Oak G M .. 10 Calumet & Jerome.. 30 Caledonia Min .... 18 Canario Copper 1 Chief Cons Min ... 13 Cons Cop M new .. 250 Diamond Blk Butte 1 Dolores Faper 40 Eureka Croesus. 20 France Gold M... 10 Goldfield Deep M... oldZone..... 35 Hardshell Min. 270 Hamill Div..... . (13 30 Hawthorne M Inc. 2 Hollinger 2 1 Hecla Mine. 10 Howe Sound....... 160 Independence Lead . DIPICORSEE. - .oac Kay Copper Corp.. 1 Kerr Lake ..... 70 Mohican Cop ..... 1 New Cornelia ... 10 Nevada Cons N Y Porcupine. Nipissing ... 1 North Butte Ohio Cop ... Parmac Por Mi Plymouth Lead Min Red Hill Florence 5 Red Warrior ..... Rock Mt S & R pf R Mt S & R ptd. Round Mtn ... 8il King Div M En8 7 7 P BRB B 2 REEE 3 3 = 140 Spearhead Gold 3 Tono Belmont . 39 Tonopah Extens 20 Tonopah Jim Butier . 7 Tonopah Mining .. 10 Tonopah North Star 2 United Verde Ext. 30 U S Contl mew wi 2 Unity Gold . 5 20 Verde Mines & Mil 3 Walker Mining ... 19 Wenden Copper ... 1 West End Consol. . 1040 West End Ext .... . 30 White Caps 4 COPPER AT 13 CENTS. NEW YORK, July 25.—Copper, firm; electrolytic spot and nearby, 13; futures, 13%. Tin, firm; spot and futures, 49.12. 1Iron, steady; prices unchanged. Lead steady Spot, 7.25. Zinc, firm; East St. Louis spot, 6.05; futures, 6.07. Antimony; spot, 8.62. CALL MONEY RATES. NEW YORK, July 25.—Call money steady: high, 2; low, 2; ruling rate, 2; closing bid, 2; offered at 23: last loan, 2; call loans against accep- tances, 1% time loans steady; mixed collateral, 60-90 days, 23;; 4-6 months, ::sxx,;; prime commercial paper, 3%a - POTATOES HIGHER. CHICAGO, July 25.—Potatoes steady on barrels; ‘stronger on good sacked stock; receipts, 52 cars; on track, 239; total U. S, shipments, 564 cars; Missourl and Kansas cob®lers, 1.30a 1.40; few fancy at 1.50; poorer down to 90; Virginia barreled Irish cob- blers, 2.75a3.00; North Carolina bar- reled Irish cobblers, 2.00a2.65, accord- ing to condition. PULP EXPORTS INCREASE. OTTAWA, Ontario, July 25.—Ex- ports of Canadian pulpwood to the United States for the year ending June 30 totaled 1,332,106 cords, valued at $13,608,361, as compared with 1,281,298 cords, valued at $12,248,316, in the previous year. AR A RATES ON BAR SILVER. LONDON, July 25.—Bar silver, 34%d per ounce.’ Money, 2% per cent. Dis- count rates, short bills, 3%a3% per cent; three-month bills, 3% per cent. NEW YORK, July 25.—Bar silver, 68. Mexican dollars, 52%. FLEE (RS REFINED SUGAR HIGHER. NEW YORK, July 25.—The raw sugar market was steady early today. There was a sale of 27,600 bags of Cuban August shipment at 5.15, duty paid. Re- fined sugar was to 15 points higher, with list prices ranging from 6.40 to 6.75 for fine granulated. De- mand was less active, BIG ADVERTISERS 10 PUSH CAMPAIGN Will Take Much More Space in Next Six Months to Increase Sales. BY J. C. ROYL Special Dispatch to The Star, NEW YORK, July 25.-—The large advertisers of the United States and many of the smaller ones as ‘pu are now laying out their advertistng for | the ensuing ye: reliable advertising agencies indicate that the volume of advertising will be materially increased during the next months, especially in the newspaper _coluzmns, and that appro- priations for that period have been increased in many cas These reports are supported by the figures showing the amount of ad- vertising placed in the last six months.” The magazine advertising has shown a slight gain and the space devoted to sales appeals in the newspapers was well ahov for the first half of 1923, Half Years Record. Newspapers in of the principal citics printed 693,443,746 lines of paid advertising from January 1 to Jane 30, as compared to 691,7. in the cor- responding period last year, a gain of 1713525 lines. All of this im- provement, however, was piled up arly in the year. January nd February showed gains of 1,93 and 132544 lines, respectively. Then the space used began to fall off, the heaviest recession oceurring in May, when the total was 4,091,568 1i lower than for the correspond- ing month last year. In June, however, betterment was apparent and this loss was reduced to *1 lines. Dry ivods Ads Larges Analysis of the kinds of ing in the New York pape last six months throws an ing light on the trends of business in various lines. A total of 104,9 76 lines were carried in th nst 103,586 in 1 largest single item and the on showed the largest gain for the pe- riod was dry goods advertising. This totaled 27,428,946 lines, a gain of | nearly 10,000,000 line Morning, afternoon and Sunday editions carried 2,206,650 lines of ertising compared with last year. National ad- vertising appearing in the New York papers totaled 23,811,568 lines, as compared with 21,742,650 lines in the corresponding period of 1923, the major part of the gain appearing in the Sunday and morning paper ficlds Auto Dixplays Heavy. howed a loss, 3 to 2,712 lines,” but amusements improved arly 200,000 lines. and automobile y gained nearly a million lines Included among the commodities which showed larger use of space were building materials, candy and gum. furniture, non-intoxicating beverages and druggists’ preparation: Musical instruments, proprietory medicines, magazines. books, shoe jewelry and tobacco were given less space than last year. Financial ad- vertising showed a heavy falling off and there were losses in space de- voted to steamships and travel, want ads, schools and colleges, church no- tices, deaths and dancing places. Specialty Shopx Cut Space. Newspapers themselves used more space than last year to tell the public how good they were, and the volume of advertising devoted to railroads, real estate annd resorts and legal no- tices showed some improvement. The amount paid for space by women's specialty shops declined sharply. falling from 2 Hotel advertising was about the same | as last year. Plans for a nation-wide campaign of advertising similar to those now being conducted by the raisin, prune and other fruit growers is now being worked out by the California Peach Growers' Association. The majority of the growers have already indorsed the plan and the association heads are seeking the co-operation of can- ners. The peach men, it is asserted, will follow the recent policy of the other growers' -organizations and place approximately 80 per cent of their yearly advertising with news papers Bean Growers Plan Drive, The Michigan Bean Growers' Asso- ciation plans the expenditure of con- siderable sums this season for in- tensive advertising to be financed jointly by growers and elevator op- erators. It is proposed that op- erators and growers shall contribute 1 cent a hundredweight, letting the crop thus determine the amount of the money spent to give publicity to Michigan peas and beans S TRACKS FOR 11,300 CARS IN NEW B. & 0. PROJECT Roundhouses Will Handle 42 En- gines in $10,000,000 Terminal Near St. Louis. Special Dispatch to The Star. BALTIMORE, July 25.—Further de- tails of the plans which the Baltimore & Ohio Railroad Company is making for the erection of $10,000,000 ter- minal facilities at the St. Louis gate- way became known here today. The road is understood to have pur- chased 225 acres two miles from the East St. Louis line, near Cahokia mound. Receiving, classification and storage tracks are to be built at this point sufficient for the accommoda- tion of 11,300 cars. Roundhouses large enough to handle forty-two locomotives will also be built, as will other yard facilities. : SILVER REACHES HIGHEST)| PRICE OF PRESENT YEAR By the Associated Press. NEW YORK, Julv 25—Silver metal today sold at 68 cents, a new high price for the year. The rise in silver is lald by producers to the in- creasing use of silver currency in Europe and prospects that siiver coinage will expand further if the Dawes plan goes through. Use of silver has been expanding in con- tinental countries, particularly Rus- sia and Germany. However, Govern- ment statistics show that India and China_ bought $72,633438 out ot $90,137,087 of the white metal ex- ported from the United States in the first 11 months of the fiscal year ended June 11. FEWER FAILURES NOTED. FORT WORTH, July 25 (Special).— Bankruptcy proceedings in this sec- tion in the first half of the year showed a marked decrease, as com- pared with 1923. So far only fifty- seven have been filed, as compared with eighty-five in the corresponding period of last year. STEEL OUTPUT TUMBLES. PITTSBURGH, July 25 (Special).— Steel production in this district shows a slight decrease, due to the vacation period. Many plants in Steubenville and Wheeling districts are closed down, while the situation at Vandergrift, where one of the largest plants of the Ameri- can Sheet and Tin Plate Company is located, is more or less serious due to unemployment. STUDEBAKER Just Drive It; That’s All STAR, WASHINGTON COMMODITY NEWS WIRED STAR FROM ATLANTA, July 25.--Public apneals are being made to housewives to pre- serve and can all the peaches pos- sible to prevent the season from be- coming an utter failure to the grow- | Pennsy Investors Grow. New Silver Plan—Timely Efforts are being made to limit shipments and prevent overcrowding the markets. BROCKTON, Mass., July 25.—The majority of shoe factories here are preparing to start full-time opera- | po . acociated Press. operating full time, orders to_as mnonths. The Gegrge 13. Keith Com pany also is on full time and other factories will incr TOPEKA, Kans, July 2 although late, is in excellent con- dition over the greater part of ea Reports from | MANCHESTER, manufacturers, employing 4,00 are workinz full time after being on curtailed production schedules for several months. the record | facturers ha: duction. been practically c A makers expect new busines: wderable volume next month. ! which | vance thi. for the cease at the close today. EXTENT OF ARMOUR’S : BUSINESS REVEALED |t it of tdni pmin it 516, cszn wiso fell Show Percentage of Meat Special Dispateh to The Star. CHICAC ture in connect of Morris & Co. by Armour & Co. |18z aughtering business of the United | % ates is done by Armour & Co. since ard Plate ¢ | it bought the Morris busin months of the year, the business bought by [ According to_these compdlations, Armour in 19 United Stat r h total glue business, 2.64 per cent of |value common stock the total soap busines of the total crude cotto busine YARN MORE ACTIVE. ¥ Before You Invest—Investigate. iver notive that the fellows Price Advance in Wool % 3 ecent get rich aquick are always BOSTO cial Bulletin will say tomorrow: i While the volume of business | transacted in wool in the past week has been of smaller volume than dur- | ing the past two weeks, demand has continued fairly well and prices are | firm for all descriptions and a dearer for certain wools. Tt |-| estimated_that 90 per cent of the do- mestic clip has been sold and high prices are asked for the wools still Manufacturers still declare that the goods market which warrants the recent advance in the prices of wool. They concede the essential soundness of the quite believe in the wisdom of their recent purchases. Old surplus stocks of yarn are moving." BUSINESS IS DOUBLED. i NEW YORK, July 25.—In contrast to its usually lighter business in the first half of the year compared with the last half, International Combus- tion Engineering Corporation for the first six months of 1924 reports more than double the volume for the cor- responding period of 1923. Unfilled orders were approximately $7,000,000, or about $1,000,000 more than the first of the year. FIRM REPORTS DEFICIT. | NEW YORK, July 25.—The National Acme Company reports net loss of $249,776 after depreciation interest for the quarter ended June 30, against net profits of $71,225, in the pre- ceding quarter and $287,946 in the second quarter of 1923. Net sales were $1,803,340, compared with $2,- 632,143 in the same period last year. | JAMES F SHEA Interrupted operation due to rear- | . rangement of plant equipment was| .. Said to be responsible for a portion || 643 Louisiana Ave. N.W. of the net loss. i TR TR RO S , D. C, FRIDAY, JULY 25, 1924 TRagEEN e s e T e e e e T [ B o e ey P b e e e O G e o D e [ e D L Rt SR NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office ENTIRE COUNTRY Wall Street Briefs. The W. L. Douglas plant is and has enough ure that rate for two W YORK, July 25 was recorded today se output at on —Corn, Pe at | pe k on But there are no signs of |fir: ; a year ago, | New Plan to Sell Silver. 5.—The “onn., July 2: ere of Cheney Bros. now Salt Lake City on August 6. 1 in the proposal. layed shipments have |bonds, s ned up and steel | o, ar 41 two- 100.57, to yield 4.20 per cent. 145 POINTS IN WEEK By the Assoclated Press EW YORK, July 25—Further!i000000 franes covering of short line European interests who we | by the unexpected strong spot sit-|pany of New York. The improvement | | uation, as a result of-the insurrec- | was attributed to incr in Brazil, advanced July coffee contracts 70 points this morning to| i This represents a 145-point ad-| The Brazilian Traction, Light and v, Ltd, reports sur-| 466 for 1923, equivalent | half of 1924, 185 a v go. mainly by |y which was the first cording to the Bankers' of by-products week and a new high level son. Trading in July will Power C plus of § {after interest, amort mpa zation, share on the ordinary stock. Reading Compan reports 324, year ago. = " to 2,289 from $55,56° 424 Department of Agriculture Figures |; e iy 74 for June last year. 32 Handled in Year. ), July 25.—Data just com- | equal to $5.82 retary of Agricul- | stock, comp on with the purchase a share in for the what proportion of the total eports that ass Compan rate of 1tNani- | the buying for cut in this country amounted to Deing based. it was said. on per cent. This includes, for |that the directors probably would in- | e the annual dividend rate to $4 | by Morris & Co. which was or $5 a share Armour on March 28, 1923: | United Cigar handled 1.19 per cent | to $1.55 4.5 per cent of the dend 3.02 per cent | seed oil busi- | nd 3.84 per cent of the total| in butter, cheese, poultry ¢ Com | contrasted with $3, {period of 1923. Called Unwarranted. N, July 25. The Commer- normally. is nothing at the moment in | ‘. . - safety is available here. ol position, however, and installment payments. ASK US 1410 G St. N.W. Franklin 5794 To Loan In the Heart of the Financial District. MOST DESIRABLE OFFICES AVAILABLE NOW / In the Nationally Known Southern Building ‘We are able to offer at this time, or for Fall occupancy, very attractive suites or single offices. This presents a rare opportunity to secure a perma- nent office home in this famous building at rental prices that are very moderate. It is well established that the character of the tenancy and the service in the Southern Building are not excelled in any build- ing any place. Apply Manager—Room 220 Southern Building Main 2690 FOR SALE FIRST MORTGAGE NOTES Consult Us If you have funds for THOS. E. JARRELL Member Washington Real Estate Board ‘Woodward Bldg. SMLLONSHARE DAYS N EXCHANGE Mulin 766-337¢ WE FINANCE Apartment Houses Business Property Reaidence Property Hotels, Ete. Higbie & Richardson, Inc. 816 13th St. N.W. The ninth ‘cutive five-hour session of trad- ng on the stock exchange, in which transactions exceedcd a million shares | Continental Trust Company The number of stockholders of the sylvania Railroad reached a new ily 1, with a total of 145, . Where 25 per cent is in | 586, an increase of 1638 since the of the year, and 5,867 more than | LIRS L Strocts One' Million Dollars g Illll!ll |||||||IIIIIIII|1III='. FINANCIAL, L Money to Loan Becured by first deed of trust on real estate. Prevailing interest and commission. 1 420 Wash. L. & Trust | Joseph I. Weller {7 Wegh 1 ¢ W FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13.000.000 1315 F ST. John POOLE Paesioewr When Buying Cur 7% First Mortgage Notes Tl| Plans for the formation of the Sil- ver Export Association are expected to take definite form at a meeting of producers, bankers and legislators in EQUITABLE Co-Operative Building Association Organized 1879, 44th YEAR COMPL = silver selling at the highest price of GRAND RAPIDS, July 25.—The |the year, considerable interest Grand Rapids furniture exhibit was|been arous: largely attended by buyers from all |tions of the organization would be over the country and was marked |similar to those of the Copper Export Ly heavy orders for hotel furniture. |Association. YOUNGSTOW TED - $4,755,170.52 -$1,248;; Save No —While you bave a steady income i syatematic the Equitable is & most accumulatiog , Ohio, July 25.—De- A new issue of $3,200,000 Peoria mand for shects by automobile manu- {and Pekin Union Railway Company timulated steel pro-|first mortgage 5l per cent gold| ries A, due 1974, is offered at 100, redeemable at 105; also 3 in COD-|$3.000.000 Province of Nova Scotia per cent debentures, at | against a deficit Subseription for the 87th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. ON, President DE, Sec'y. | Gas Works Returns Increase. realized profits of st year on an increase of | over the previous re caught | Show profit instead of a deficit, ac- | Trust Com- ed consump- | tion of gas and the higher sale pric FRANK P. REI and preferred dividends to $5. “NOTICE” We Have Funds for Maryland and Virginia Today's Earnings Reports. Air Reduction Company, Inc., manu facturers of gases, earned net profit of $1,111,851 in the first half of 1924, share on the capital ed with carnings of 1e corresponding period of No delays on mortgages that are wanted on completed prop- Let us have your appli- cation; reasonable terms on five and ten year loans. CHAS. D. SAGER 924 14th St. N.W. Suburban Loan Dept. Mr. Kelley rnings of the Stand- | were at the a share have given strength or the vear 1923 Armour’s share &nd activity to the stock, much the total slaughter of m Matn 37 f-town account ores earned net profit | 212,059 in the first six months | o of 1024, equal, after preferred divi- e total wool business of the ; K = a‘share on the $25 par 't Lose I Don’t Lose Interest which you might be earning on your money. We have FIRST MORTGAGE NOTES paying as high as SIX AND A HALF PER CENT. No investment is safer, nor does any security include so many solid advantages. income of the Pere Marquette 1y in June declired to compared with $802.809 the same amonth of 1923. Net for the and eggs | first half of the year was $2. 51,811 in thesam 09.10° Your money is secured b which secures our o inal investment, with the added feature of our guarantee to you of prompt payment of both principal and interest. We relieve you of all details. Inquiries in | | | Real Estate Mortgage & Guaranty Corp. (Resources Over Ome and a Half Million Dollars) BURIED TREASURE! You are burying money if it is not increasing L. E. Breuninger, President Seven per cent (7%) and First Mortgages on easy I OSl I ' Millions of dollars every vear—b; lessly invest their money in doubtiul stocks. There is no need for this if ordinary caution is used—STOP taking chances for a doubtful big profit and buy our FIRST MORTGAGE NOTES that are secured upon improved real estate in the Dis- No anxious moments, but calm satisfaction, both in the security and the prompt payment of Banking Trust & Mortgage Co. Money on Hand Mortgage Investment Dept. SHANNO 713 and 715 14th Street N.W. on First Deed of Trust Improved Property Only You Can Be Assured careful and con- al has been First.—A very servative appra made. The loan we recommend s than 50% of the market —After you have purchased one of our notes you get a service that assues you inter- est the day due. Notes on hand in amounts of $100 up. Chas. D. Sager 024 14th St. N.W. Main Loan Department 0.95 Arnold Guaranteed Certificates Arnold Guaranteed Certifieatex afford a safe and profitable in- vestment for surplux fands. They are secured by first mort- gages on improved income real estate and homes, and are a di- rect obligation of Arnold and Company. Issued in amounts of $£100, $500 and $1.000. to run for term of Z to 10 vears. Send for Booklet K-1 ARNOLD AND COMPANY Capital nn;nc:r:::l::. £1,250,000 1416 Eye Street N.W. ‘Telephone Main & a8 the same income-producing property ted. 26 Jackson Place v those who thou nterest and N. INC & LUCHS FIRST MORTGAGES B. F. SAUL CO. Main 2100 SO iin—— On Homes in Washington They are recognized as one of the safest forms of invest- ment, and they vyield investors a good return. They relieve in- vestors of all worry and detail. We shall be glad to submit investments to suit your re- quirements. 1412 Eye St. N.W. ILlflIfllllllllllllllllllllfllllllIIIIlIII|||l|||lll||||||||||!fll_l||l|l|l