Evening Star Newspaper, August 14, 1924, Page 29

FINANCIAL. GES HOLD FIRM CENTER MARKET Fruit and-Vegetable Review Shows Large Receipts and Good Demand. The daily market report on fruits ket News tural I sa Cantaloupes—s supplies lib- | eral: western i moderate, North salmon tin few best, nd conditior Maryland, and 455, quality n Shore standards 1 mon _tints, 4.00; standard upplies good. market ina and Georgi as, best, bushel haskets, medium size size as low mostly and Belle: some small Elbertas, | i to medium by 1 | Watermelons -—— Supplies moderate:; demand moderate market firm, direct to retailers, Georgia and Carolina, Thurn rays, 30 pound aver- age, mostly Carrots—HomegTrown su eratc: demand moderat steady; homegrown, stly 100 bunches. Corn—Homegrown supplies moder- demand moderate market : homegrown, 5 doz. bags sugar —Supplies liberal: Mmoderate; market stead Big Boston type, dinary quality and condi toes—Si d modera k 400k 5ek demand new best, 1.50; or- | on, 75a1.25. | Supplies light: de- | et firm for good | York | 7.00 | grown supplies Demand moderate, market Homegrown, uncovered bar-| mostly 6,00, upplies light ket steady Demand mod- | W York, bu sty 2.00 vmutoes Higher Today. i mutoes — Homegrown, receipts| moderate. Demand moderate, n own, half bu 00, mostly m Cabbage -Suppl mand moderate moderate. De- arket about steady. | Supplics moder i nited. market steady. Massa- | 100-1b. sacks, vellow 1, 3.40a3.75 upplies limited market steady. ryland bu Demand | Virginia | people and sver put 3 name gline until you hav. one in your bank wha about some Stock issu fered to you privately Washington Stdba:hange. SALES. that is of- Washingtou Gas Tractio BONDS. PUBLIC UTILITY. apital Traction I ity and Saburban Wandman Fari Hotel 6c.... STOCKS. PUBLIC American Tel. & Telga Washington ¢ Norfolk & W District Farmers & M Vederal-Americ Liberty Lincoln Natioual Riggs. Second G 2 National Bank of Washington. ST COMPANY. g T enth United States. Washington Mechal American Corcoran Firemen's National Union.. TITLE INSURANCE. Columbi Title. Beal Estate Titie! MISCELLANEOUS. D. C. Paper pfd. = Merchants’ Transfer & Storage 110 Mergenthaler Linotspe. . . 156 Natlonal Mtge. & lav. pf 0ld Duteh Market 0ld Dutch Market Lanston Monoty) Security ~Stora; Washington M yellow Cab . ke The majority of dentists in Bulgaria, are women. NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN, NEW YORK, August 14. — Special buying came into the curb market to- day In individual specialties and was heavy enough to give the general market an appearance of strength. The Standard Oils, after some early weakness, were Lought, despite the unfavorable figures on domestic crude oil production, disclosing a daily in- crease of 5,950 bairels in the week ended August 9 South American issues were strong, both Lago Pete and Creole Syndi being actively taken at top pri The copper shares responded to the further increase in the pric copper metal, quoted _ NEW YORK, August 14.— is an official list of bonds traded in on the New Market today: “ollowing and stocks York Curb BONDS. H Tob Tigs I Mills 6s. s Balt 3CP & B M 5 Cudahy 5igx Decre Detroit Detroit o Fed Sugar 6s = 104% 100, €011 Corp 5x.. 4 Hood Rubber 7x 10115 1007, Mutual O .- New Bradf Oil wi.. ing Fuel Ol Rorden & Co pid.] Brgh Ad Mch pra. Ty’ Cie S Organised in 1814 | unchanged to 15 THE EVENING STAR, WASHINGTON, D. C, THURSDAY, AUGUST 14, 1924 a pound, with domestic inquiry show- ing improvement. The upward movement in radio stocks showed signs of getting under way again, and most of. the group reached higher levels. Rova Radio_came in for attention above 14. The rise in Dubilier extended beyond a point, and Thompson gained over a half point when it crossed 17. Special buying made its appearance in the low-priced Heyden Chemical while Lehigh Valley Coal and Com monwealth Power were among the agtive specialties that were taken up. Centrifugal Cast Iron Pipe suld for the first time this week at 31, as ainst the last previous price of 30. 1 Chatterton Chic_Nip n Che Np B Tr nw wi und Auto . Com'wealth Pw Cor 9 Dubilier ¢ & Radio 11 3655 United G & E new United Lt & Rad Corp wi Rock M Sp n wi Kk oowivtef MINING. Arizona Globe Cop. . Black Oak Gold Ms tte & Western. .. .15 umet & Jerome s Copper. it Green v Hardsiell Min i Div Hill Top Nevada Hecl £ 10 Jumbo, z 18 Kay Copper Corp Star .. n Val . MeKin Dar Mispah Extension.. | lia — . CALL MONEY STEADY. W YORK, August 14—Call high, 2; low, 2; ruling ng bid, 2; offered at 2 call loans, against a time loans easy: mixed collateral, sixty-ninety days, 2%a2%; four-six months, 3a33; prime com- 1 paper, 3%. s e FLOUR UP 15 CENTS. NEAPOLIS, August 14—Flour cents higher at 7.60 shipments, 43,012 bbls. Bran, Wheat, No. 1 Northern, 1.28%a new September, * old May, 1.36%. 1.12a1.13. Oats, N Flax No. M1 bbl.: 0. 1.36%; vellow, 3NN, 1, 2. TODAY'S METAL MARKET. NEW YORK, August 14.—Copper electrolytic, spot and fu- 3%. Tin, firm; spot and fu- 5.. Iron, steady and un- Lead, firm; spot, 7.75a8.25. Zine, firm; East St. Louls, spot, 6.2 futures, 6.20a6.25. Antimony, spot, —_—— Woman prisoners in the California State prisons are allowed the same tobacco and cigarette rations as the man prisoners. : Back —in your fight ence, will be the WILL TRY 30 DEADLY POISONS ON WEEVIL U. S. Chemical Warfare Service to Make Most Ex- tensive Experiments. Special Dispatch to The Star. ATLANTA, Ga., August 14.—The most intensive research yet under- taken to secure a means to eradicate the boll weevil will be begun at once at the Griffin, Ga., experimental station, under direction of the chemi- cal warfare division of the Army. Gen. Amos A. Fries, chief of the division, said that experts would bring from the Edgewood, Md., ar- senal 40 or 50 of the most deadly poisons known, far exceeding in toxic qualities the calcium arsenate now generally used against the shall try to find a way to annihilate the weevil by poison,” Gen. Fries added, “and we hope to interest leading civilian scientists in our work, which, if successful, will enrich the country by millions of dollars annually. The results, if ob- tained, will be made public im- mediately.” BIG TRADERS AWAITING TREND OF FALL TRADE By the Associated Press. NEW YORK, August 14.—Recent extensive readjustments from specu- lative accounts in the stock market are widely attributed to a disposition on the part of large traders to wait further indications of the trend of fall trade and the political campaign before adding to their commitments. Conversion of paper profits into cash has accounted for much of the recent heavy selling, particularly of indus- trial issues, which have enjoyed a large advance since the bull move- ment started more than two months ugo. ‘WOOL MARKET STRONG. BOSTON, August 14 (Special).— Wool sales were somewhat slower to- day, though some houses reported business still good. With estimates that 60 to 65 per cent of the 1924 do- mestic wool crop already is in the hands of manufacturers, prices for the remainder are firm, tending up- ward. The position of domestic wool, dealers say, never has been stronger | than at present. RUSH NEW RAILROAD. NEW YORK, August 14.—The Florida, Western and Northern Rail- road, whose acquisition by the Sea- board Air Line Railway has been approved by the Interstate Commerce Commission, probably will be in oper- ation by January 1, ready for the coming Florida traflic and passen- ger season, according to S. Davies Warfield, president of the Seaboard Line. Construction of the new road, he says, is progressing rapidly. O NEY TO LOAN MO] $15,000 at 67 Ellerson & Wemple 734 15th Street g A Way to Keep Free of Investment Worries Buy our First Mort- gage Notes which vield 6% and are secured upon at least a two-for-one basis— and be free from all concern about the Safety of your mon- ey. Try us in any amount from $100 up —we've never lost a dollar for an investor. Send for details to our Mortgage Investment Department 713 & 715 14th St. N.\W. Main 2345 of You for dollar independ- strength and service of the OLDEST National Bank in the District of Columbia, when your PAY DAY DEPOSITS are left here. fiLet us see you ings Dept. - Window THIS PAY DAY. W at our Sav- 3% € PAY:- b One Dollar identifies you with Our Savings Dept. OFFICERS: GEORGE W. WHITE. 0. H. P. JOHNSON. FREDERICK DeC. FAUST, Trust C. F. JACOBSEN. CHAS. E. BRIGHT. ALBERT H. BEDFOR! C. LOUIS ECKLOFF J. GALES MOORE. Travelers’ Checks «..President .Vice President Officer Open 8:30 A.M. Every-Business Day DIRECTORS : [A%: 5 Tiomer W WaITE Safe Deposit BGZGS National Metropolitan Bank Capital, Surplus and Undivided Profits Over $1,700,000.00 15th St., Opposite U. S. Treasury—110 Years Old Great Quantities Of Fresh Prunes Are Coming East Special Dispatch to The Star. PORTLAND, Oreg., August 14.— Fully 500 carloads of fresh prunes from Oregon and Washington have been contracted for by Eastern in- terests, at prices ranging from 1 to 1% cents a pound bulk, net, to growers. This is the first time any large quantity of fresh prunes have been contracted for Eastern ship- ment from Clark County and the Williamette Valley, and means that . the dried fruit market will be great- Iy relieved in consequence. AUSTRALIA TO HAVE BUMPER WHEAT CROP By the Associated Press. LONDON, August 14.—Prospects_ for a large Australian wheat crop ‘are most promising, according to authori- tative sources quotcd by the Sydney correspondent of the Daily Telegraph. Assuming there are no adverse cir- cumstances before the harvest sea- son, the crop is expected to total ap- proximately 140,000,000 bushels as compared with 123,000,000 last year. ZINC STOCKS PILE UP. NEW YORK, August of slab zinc in the hands of Amer- ican producers August 1 totaled 52,- 705 short tons, an increase of 3,021 for the month. This compares with an increase during June of 7,320, and during May, of 9.856. July totaled 39,892 tons against 36. 122" in June. FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13000.000 1315 F ST Jown PoOLE Patswew Money on Hand To Loan on First Deed of - Trust Improved Property Only JAMES F. SHEA 643 Louisiana Ave. N.W. T T T T T Continental Trust Company Capital One Million Dollars 14th & H Streets LTI 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 (SHANNON_& LUCH 713 and 715 lth Street NW. Main 2345, FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS Rendell H Hognen 5° G 7207 (gmwcéa:l wanaa 14.—Stocks | Shipments in | WOULD'BUY PHONE LINE IN VIRGINIA Declaring that resumption of tele- phone service in the Valley of Vir- ginia will be of advantage to the persons to whom service is to be ren- dered and in_the public interest, the Cumberland Valley Telephone Co. of Baltimore and the Chesapeake and Potomac Telephone Co. of Virginia applied jointly to the Interstate Com- merce Commission today for a cer- tificate of sale of telephone property in the Valley of Virginia. The prop- erty, according to the application, consists of a telephone exchange and wires in and about Winchester, Va. The application says tha American Union Telephone Co. of Virginta, which formerly operated the plant, stopped furnishing telephone service and operating the telephone system by order of the State Corporation Com- mission on May 31, 1924. = ————— Billy—You are the only girl 1 ever loved. Milly—What an amateur you must be. EQUITABLE Co-Operative Building Association Organized 1570 44th YEAR COMPLETED Ansets .. .. 34,755,170.52 Surplus ...$1,248,32098 It’s Easy to Save Through Our Systematic Plan. —and you will eventually be financially strong. Let us fell you more. Subscription for the 87th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Sec’y. CONDITIONS OF THE GERMAN MARKET TODAY Make it imperative that you protect your interestx by REGISTERING YOUR STOCK 'AND BOND CERTIFICATE NUMBERS. Address FOREIGN BANKING SERVICE, 03 Investment Bids. Franklin 3978. | You Can Be Assured First.—A very careful servative appraisal made. Second. is le: price. Third.—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 368 924 14th St. N\W. Main :; Loan Department and con- has been The loan we recommend than 50% of the market FINANCTAL., GYPSUM VOTES EXTRA. NEW YORK, August 14—The United States Gypsum Company has declared an extra dividend of 1 per cent in common and the regular quarterly dividends of 1 per cent on the common and of 1% per cent on the preferred, all payable September 30 of stock of record September 15. — g OIL MERGER COMPLETED. NEW YORK, August 14.—Merger negotiations between the Congoleum Company of New York and the Nairn Congoleum Company of New Jersey were completed yesterday. Together they do about $40,000,006 business an- nually. B Money to Loan Becured Jy first deed of trust on real estate Prevailing_ interest and_commission Joseph 1. Weller 428 Waih. L. & Trust FOR SALE FIRST MORTGAGE NOTES Consult Us 1f so9 bave funds for investments THOS. E. JARRELL Member Washington Real Estate Board. Woodward Bldg. Main 766-337 Putting Your Funds Where They Will Earn the Most T a time when money rates are 4 steadily on the decline, we feel particularly fortunate to beable to offer investors an opportunity to place their funds where they will earn the maximum return consistent with safety of principal. We have on hand some attractive First Mortgages, in denominations of $100 and upward, which will yield the investor the equivalent of 79.. They are secured by high-class Washington real estate and are safeguarded by our experience of over 55 years in the mortgage investment field. We suggest that you arrange for the investment of your funds NOW and guard against the chance of a decline in the interest rate on our Mortgages. Swartzell, Rheem & Hensey Co., 727 15th Street, N W 55 Years Without Loss to An Investor « ot e If you're 42,000 Depositors Youlllsfind Capital and Surplus $2,000,000.00 It’s a Rich Reward .0ur reward fifty- odd years steadfast service to the public—an we esteem it re- ward—is the confidence of over 42,000 depositors. not already among them, for of a rich become a depositor THIS PAYDAY. the same satisfaction that cthers do, in making this “your bank. Open Until 5:30 P. M. Tomorrow Same Rate of Interest Paid on Large and Small Accounts WILLIAM D. F. R. ULLME Woodbury Blair James A. Buchanan William A. H. Church Walter C. Clephane H. Rozier Dulany, Jr. dmondston H. Ellis Frederick A. Fenning H. Prescott Gatley Safe Deposit Boxes at Nominal Rentals wm. Franklin WOODBURY BLAIR F FRANK W. STONE FRANK STETSO! CHAS. C. LAMBORN. .. E. PERCIVAL WILSON R.. BRUCE BAIRD. DAVID BORNET.. OFFICERS: HOOVER. .. ....President > t Vice President .Second Vice President & Trust Officer ..Treasurer .......Secretary -Asst. Sec. & Asst. Tr. -...Asst. Trust Officer -....Asst. Trust Officer DIRECTORS: William D. Hoover Reginald S. Huidekoper Victor Kauffmann Charles Minshall Edmund Frank Frank W w H. Walker K. Willard National Savings & Trust Co. v | Oldest Savings Depository in Washington Cor. 15th and New York Ave. “All These Notes Have Been Sold. This Advertisement Appears Only as a ‘Matter of Record.” $5,000,000 The Chicago, Rock Island and Pacific Railway Company Five-Year 5% Secured Gold Notes Dated September 1, 1924 Interest payable March 1 and September 1. Coupon notes of $1000 denomination. Principal and interest payabl Coin. Interest payable without deduction for Federal Normal Income Tax up to 2%. The Central Union Trust entire issue (but not a part thereof) redeemable at the option of the compan: 1926, at 101 and accrued interest, and on any interest date thereafter y upon thirty at ¥ of 1% less for each August 14, 1924. Due September 1, 1929 le in New York, in United States Gold Company of New York, Trustee. The days’ previous notice, on September 1, 1925, or March 1, succeeding year, or part thereof. Mzr. J. E. Gorman, President of the Company in a letter dated August 12, 1924, writes in part as follows: The notes are to be secured by deposit under a Trust Agreement with the Central Union Trust Company of New York, as Trustee, of $7,500,000, face amount, The Chicago, Rock Island and Pacific Railway Company First & Refunding Mort- gage 4% Gold Bonds due April 1, 1934, the bonds being thus pledged at 6634, as against the present market value of ap- proximately 82, or at a margin of about 23%. The Trust Agreement is to provide that the company may at any time substitute in part for the collateral above specifi not exceeding an aggregate of $1,250,000 Rock Island, Arkansas and Louisiana Railroad Company First Mortgage Gold 4149 Bonds due 1934 and/or not pany First Mortgage Gold 414% immediately upon the makin and substituted, shall be equal at market price to not less than 120% of the face Trust Agreement is further to provide that the collateral security, or of collateral substituted therefor, shall at all times be equal at market of the notes price to not less than exceeding an aggregate of $1,250,000 St. Paul and Kansas City Short Line Railroad Com- Bonds due 1941 10r a like face amount of the collateral above specified; provided that g of such substitution the value of all the collateral then held by the Trustee, both original amount of the notes outstanding. The whether it consist of the bonds first above mentioned 120% of the face amount The proceeds of the notes are.to be used for additions and betterments and for other corporate purposes. We offer theee notes when, as and if issued and received, subject to th: and approval by the Interstate Commerce Commission and othet public authorities having jurisdiction. Price 99 and Interest. To yield over 5.20% Dillon, Read & Co. Speyer & Co. The statements herein have been accepted by us as accurate but are in no event to be construed as representations by us. * yproval of legal details by our counsel and to authorisation