Evening Star Newspaper, August 17, 1924, Page 24

24 ALL GRAIN PRICES SOAR IN CHICAGO Corn, Oats and Wheat Reach Mew High Levels in Wild Market. By the Associated Press CHICAGO, August 16.—Despi mense profit-taking sales, all d of corn and oats reached new high-price records for the season today. and so likewisg did December, May and July wheat. Closine quotations on all grain were within 1 cent of the top prices o ay, with corn showing 1 to 41 net . December 1.18% to 119 and May Wheat closed 112 to ptember 1.23 to 1.33% and i to 1. today’s top-ievel of corn wi nd May corn s compared st U. S. GRAIN REVIEW. prices December up 19 un 20 with the deive bushel cents a Towest Department of Aazriculture Sums Up Conditions for Week. Wet aglayed 1 cool weather, which further he corr erop and materially re. (tced the chances of it maturing bufore frost, advanced prices to new high level Quring the week ending August 16, a cording fo (he weels'y grain matket re- view of the United States Department of Asriculture. The wh irket at the the week wi ngthenad by short erop in the Northern aphiere which, aceording to latest mates, will be about per cent than last Tie sharp advance corn orices also assisted in zivi stronger tone to the wheat mark The o rket followed thzt of corn. and prices at the e'owe of the week showed a net advance of whiat 4 e per bushel, Receibts of new oars cased during the week, but the move- ment was much bow normal, weather over a larze pait o belt has delayed harvesiing « ing. Many of the r e i showed the effeet of wet weatier and contained excessive moisture. but were otherwise of zood quality The rye mark and did not ns over the loss * v in the ts a the thresh- quiet and easicr we strensth of d at_about er price at Minneapolis. but export demand was lugging, and Septembor rye on Friday neapo'is closed at 8575, 4 net de- - of 1 cent for the weck The bariey marke: was b ut lower than at the of th week upon heavier receipts of 28 BULGARIANS SHOT BY GREEKS, IS FOUND share Mittin the § cents vious w-Crop o It Mixed Commission Inquiry Estab- lishes Original Figure of 19 Was Error. By tie Associatil Press SOFIA Bulgaria. August 1. Bul- garian officials have announced that the numier their nat als shot by Greeks ntly in the region north of Salor hiis been found by the sion inquiry to have 1d of 19, Minister Kalloff said that s to establish all affair was hich have o cree and Bul- the method terrorizing population of Greek ie people to . Fipening crops and oreisn Buigaria w the inciden bad fecling be garia and whereby the the Eul Macedon leave their home all their possessions.” Permits are said to have been fssued to 10 000 Greeks to leave Bul- garia in an exchange of populations but it is declared that nop a single Greek has left while 11,000 Bulgar- fans have fled from Macedonia into Bulgaria. o= WAR TURNS MILLINER TO BLACKSMITH TRADE 5w ween ( indic Greeks are British Miss Nqw Manages ther's Business and Works at Anvil. By Cable to The Star and ¥ Copyright, 1924, LONDON, August 16.—. milliner before the war, M Florence Swann, a comely miss of now manages her father's wheelwright and i neer’'s business in the South F Her daily duties include starting a gas engine, welding, soldering. paint- ing, bookkeeping, supervising, the four other hands and. now the hlack- smith is ill, carrying on his work at the anvil. “I can still make body,” Miss Swann ago, “and I trim ha friends at odd moments between re- pairing he motor van and watching my switchboard.” Fa- w York World. a hat with any s for many of my DEFENDS DEFENSE DAY. Pershing Says It Will Mean Much for World Peace. DES MOINES, lowa, August 16.—A patriotic co-operation by the people with the plans for the National De- fense day will be the “greatest move toward an international peace” the world has ever known, Gen. John J. Pershing, here for an inspection of the lowa National Guard, declared in an address tods No one in authority ever termed the day a 'mobilization day’ except perhaps the pacifist,” he said. “It is no gesture against any country. It is merely the application of common sense to the dire mistakes made by sur country In the past.” The general outlined the dangers of unpreparedness during the World War, and declared that the United States was forced to “spend billions™ to hold up the morale of the allies before American soldiers could be prepared for service. MORALS IN PRISON URGED. Character Training Stressed by Sing Sing Warden. SALT LAKE CITY, August 16— Character training and the inculca- tion of good morals in the prisoners of penal institutions was stressed as the most effectlve method of prison discipline by speakers today before the congress of the American Prison Association in session here. “Moral teaching seven days a week, 8¢ hours a day, not only on Sunday, is needed if prisoners are to be taught citizenship, right from wrong, and again molded for free- dom,” Warden Lewis Laws of Sing Sing prison, N. Y., declared. U. S. Prelate Meets Pope. ROME, August 16.—The Pope today gave a private audience to Mgr. David J. Hickey of Rochester, N. Y. and also to Mgr. Orosco, Bishop of Guad- alajara, Mexico. All official audiences for ecclesiastics of all categorie: were suspended today for two months, this being the vacation period. cents a | Hemi- | ¥ as wet | oats | 8O0 FINANCIAL. BY L FLEMING. nks. finance corporations—inceed feally every one in the monev 1enaing hnsinnas with the eingle ex- ception of pawnbrokers—are baving 4 hard time these late August davs in vlacing their funds to advantage. Federal Reserve ban ire No €x- ception to the rule indeed—they are n in a worse povition than banks. a® ahout their only chance to make profits i« from rediscounting inter- <t charges, and the banks not being able to make all the g desired are doing very little ounting. True, the reserve L ve in- vestments and when money not in free demand they en‘arge their bond pldings, just as the banks are doing. The recent tailway 6s of 1 mo:t ntirely by the banks of this city for the employment of surpius | funds, giving them a 6.08 rat | their money. Some few specul: seeing no reason why the should not sell as high as g | placed moderately large orders but have been disappointed so tar in ng any advance. nee companies have t the strain of dulln isn't any financing to be car that the banks can not hand ndant is the supply of cash ankers, however, are not making concessions in rates to induce any | better inquiry for money. as they not eblieve that COnCessions are Morcover. the slackness doesn’t reduce expen from the president (o ans of Washington was taken The o tor | | m | | the L tuxes gress profits, ete., ete ot capital various stock, ncome, Keep on Fighting. great lands. of the Savinss ently announced that keep on fighting” at the merican Bankers: As- Chicago Fat great evil, branch That foreisn nresident re osed on of the tion in that banking." The -hances ar t reaches that { harder this when the A. B. AL went on azainst branch banking A little Jater, at a meeting of council of administration held White Sulphur, Va. the matt again broached ThLe McFadden measure was up tor on:ideration and a motion was Ito give the measure indorsement toto. The presidinz oft tion sut of order, zone on record banking. A countermotion was made to give McFadden bill indor branch bank features of the measare *. so that neither fri able to debate the After all ix said_and B. A. is a poor p'ace Pihing. The A. B. AL make: we nd has no power herond recom- | mending: it cannot discipline one of own members, other than by jion or expulston. © What is is, and wi will be. Fate. Braneh banxing is and probably will continue to| exist for years to come. So far as Washinzton is concerned. branch anking has not seriously intertered with other institutions and. accord- ing to reports, with one or two | coptions, has not been very prohita- | ble to those engaged in it | Bankers in Defense “Plans. Inquiry was made of the D Bankers' Association as to the it would play in Defense day ce tion. As assurance of the tion's need, the association may “point with pride” to its wonderful record made in the great Liberty and Victory loan campaigns, which will ever be a source of satisfaction and pride to the bankers of Washington, to its merchants, its professional men and the army of workers within its | corporate I By a tremendous effort of the Lib- erty loan committee, John Poole, Iu- gene 1. Thompson, Corcoran Thom | and Eugene Ailes, ably assisted by the public-spi men, women and children of the city, by the clergy newspaper—in fact, by there was sold in this ¢ 600 face value of the erty issues. Many men and women bought “until it hurt”” Others took large losses in order that they might continue to buy and buy again. The District of Columbia went “over the top,” with bands playing | and with an enthusiasm that would | not be denied. The Federal CURB STOCKS RISE "~ . DURING BUSY WEEK Saturday Trading Also Extra | Lively, With Numerous Large ‘ Price Gains. American F trav | that the awe, wilt ar than it figrt, be was last, | record as the at was m er ruled the mo- the A. 1. A, had against branen promptiy nd nor toe position done. the A to fight any- t win be trict | part | bra- | part in the Reserve Bank of By the Associated Press. NEW YORK, August 16.—Strength shown in the dealings of the Stock Exchange were reflected on the Curb Exchange today and numerous ad vances were recorded on exceptionally brisk activity for a short session at this season. New high records were obtained in Commonwealth Power and Foundation Company preferred. Increased activity also was noted to- day in the petroleum division. The improvement in those shares, however, was generally moderate and lacked the vigor that developed in other depart- ments. Former leaders such as Prairfe Oil and Standard Oil of Indiana were confined to gnly fractional variations in price. During the week there were many important features, including an ad- varice in Radio Company preferred new stock to a new high record, crossing 44. Many other issues in the industrial list were active and strong, accumula- tion of the utility issues being again in evidence. Lehigh Power made a gain of 2 points and American Power and Light rose 18 points to 350. Motor stocks were active. Ford of Canada advanced 7 points to 450 and theré were transactions in Stutz Motor a5 to 6%. Lehigh Valley Coal was in steady demand, making a new high record on advance of 2 points. Ward Baking issues both rose about 2 points. The petroleum list was unsettled by the suspension of dividend payments on Standard Oil of Kansas. CLOTH PRICES LOWER IN LIGHT TRADING By the Assoclated Press. NEW YCRK, August 16.—Cotton goods markets were quiet today with prices of gray cloths lower. The de- mand for Saturday was very light. Yarns showed little change. Burlaps were firmer. Wool goods vpenings be- gin next Monday. Small wares in silk were affected by the strike in Peter- | practically THE financial id to our Richmond, considering the resources of the Distriet, bankers, “Sell $£1.869.000 bonds.” In all 654.146 individuals sub- cvibed for the total sold—some sev- eral times for each issue -nd then over and over aeain as the various Liberty ® and Victory loans were brought out Washington and Washingtonians will gladly do it aeain if necessary, although the work incident to the handling of these loans, mostly paid for on the installment plan. called for eontitnions overwork on the part of the banking talent of the city, officers and emploves alike. OvVEeT, w a case of financing volume that would never possible but for the Fed- eral Reserve act and the rediscount- ing privileges it offered to banks— carrying the instaliment subs ‘riptions until finally paid in full, in some ca years after the con- summation of the original sale, addition to expression of a will- ingness to repeat. a number of bank will march in the Defense day oy In Past Due. Where @ wrong has been perpe- trated, intentionaily or otherwise, it should be righted if possible, other- wise the “amende honorabie” A grievous error was perpetrated in this column a week ago in lsting the Exchange Bank with a number of hanks of comparatively recent or- wanization that had passed out of existence ‘hange Bank was organized at its present location, nd Pennsylvania avenue bank of An A street < founded on a branch the United States Trust C wits formerly a branch of chanics and Merchants' | main office at Tenth wnd the Avenue When Munsey Trust Comp: ok the un ottice bra the United State Company Mr. Munsey annour intention of cither closing the at the Avenue and Twenticth or disposing of it. A corporation was formed and It w the M nk. with the over of and nk to buy the b, opera o vice pr nt institut 4 Trust Com- of $6.715.466 de- 2 resources. control of the the price paid for a wajority of the stock was private but the minority shareholders were also taken care of—not through liqui- w1 of assets, but by the payment S18.16 a share, the par of ) was $10—not a bad investment Former directors ot Bunk are all of the advisory committes oday, and William R. Nagle is just s carefully guarding its interests as r. You weicome to the apoiozy. v ctive in its interest as it institutic pr pany. an posits and $5. When the bank acquired it Sent value means Exchange any ational are May Be Higher. that the new pub- opin- per Mone: There is just a chance rman bonds will be offered to th n S per cent b 2 timates a pric cent coupon bonds It is aso predicted that the new era of foreign competition for money may be responsibe for higher woney here 1t will be decidedly interesting to watch the progress of tae subscription sale of the bonds and to know the per- sonnel of the American syndicate that will have the handling of the securitics. German borrowers have been paying very high rates for money when avai bie at all, and it will be Something of a novety for them to receive considera- tion at moderate rates. Ham on London Busxes. William F. Ham, president of Washington Railway and Eleetric and Potomac Electric Power Co., an director of the Federal-American tional Bank of this city, who is abroad studying the tramway and bus systems of the Old World, after attending the rld power conference in London. with intense admiration of the »ortation system of Lot lon in the 1 of millions of people dail Ham epeaks of the very rapid speed with which the trams and busses of London are operated, how confusing it seems to board them on the left side of the street and the terrific manner in which they thunder down the highways. His very terse comment is, “They don t v s in London, they cali lic on ion e the Co. He further comments on the manner in which one misses the comfortable and -ansportation of our American t cars on steel rails, and deplores tie manner in which the busses are ex- teriorally adorned with the signs of the butcher, the baker and candle-stick maker, very unliKe the simple and fied exterior of our street cars in Wash- ington. Mr. Ham expects to return to his desk in the very near future. FRENCH BONDS FIRM ~ ON LONDON NEWS Domestic Issues Quiet, While Many Traders Turn to Stock Market. By the Associated Press. NEW YORK, August 16.—Diversion of speculative interest to stock trad- ing reacted against the bond market today, prices fluctuating within nar- row limits and failing to develop : definite trend. News that the ailies and German: had accepted a compromise agreement on the evacuation of the Rubr im- parted .a firm tone to French.and other European obligations. Trading in these issues, however, was not heavy enough to cause any marked changes in prices. 5 Contrasting price movements fea- tured dealings in the railroad group Gains in Southern Pacific 4s, Friscc Adjustment 6s and Norfolk and West- ern Convertible 6s were counteracted by losses of about a point in Centra Pacific 4s. Louisville and Nashvill. 4s and Rock Island Refunding 4s. Philippine Railways 4s after de- clining at the start snapped back 2% points to a new 1924 top price, at 47% Industrial bonds were firm. Public offerings will be made next week of $9.000,000 Illinois road bonds and $3.000,000 of the State's soldier bonus issue. WEEKLY BANK REPORT. NEW YORK, August 16.—The ac- tual condition ‘of clearing house banks and trust companies for the week shows an excess in reserve of $27,969,990. This is an increase of $6,303,490. New Mexico Woman Dies at 122 ALBUQUERQUE, Mex., August 16.—Mrs. Carmelita Barreras, oldest woman in Albuquerque, and possibly in the State, died here today, aged 122 years. She was born in Socorro, N. Mex., in 1802 and lived there until 10 years ago, when she moved to Albuquerque, R bank | street | was man- | aged by Willlam R. Nagle, who is still} SUNDAY STAR, WASHINGTON, Supply of Loanable Cash Now Far Exceeds Needs of the Day A. B. A. Meeting No Place to Fight Branch Bonking—An Apology—Ham Comunents on Traffic in London. THIRD RYAN TAKES WAL STREET STAND Grandson of Once Famous Broker Already Strikes Terror Into Foes’ Heart. By Consolidated Pross, NEW YORK, August 16.—The old blood tells. And that is why an-| other fighting Ryan is going back to Wall street to resume the fight of the Ryan clan against the butt- ing bulls and the choking bears. The name of Ryan has been a power in the “strect” for two gen- erations. Now & third Ryan is about to take up the battle. The old grandfather, Thomas Fortune by name, beat Wall street and all its wily ways. His son, Allan A. Ryan, went “broke” in a spectacular tempt to srner” Stutz stock and crush the brokers who dared to sell it “short.” Thomas Fortune Ryan would not help his son, 80, he was ousted from the street. The name of Ryan was dragged in the dust. Now along comes Allan A. Ryan,| Jr., just out of college, starting out in a small way after a seat on the curb exchange. but with his eyes fixed on the “big board” and a de- termination in his heart to regain his father's fortune and to make the name of Ryan once more feared wherever the bulls and bears gather over a fateful ticker. From his retirement, w is the 73-year-old man whom Wall street called the shrewdest trader of his time, the man who organized th Southern Railway, the American | Tol » Company nd the Seaboard| Line ¥ Iway, built Chicago” ated loop and merged the trac tion companies of New York into the Interborough. who purchased control of the Equitable Life Insurance Com- pany in a bitter fight with ¥ nd held the five greatest banks ew York in the hollow of his hand. Menns Much to Vet atching him ran. s more to Thomas F. Ryan one else to have the nam on the street, becaus original fizht Ryan dared to fight Whitney, Harr man, Belmont and others who crossed his path. He was the most powerful figuure of tlie street he retired, and the failure of h «ft him bitter, althouxh the son had | estranged from him ever sinc led his father's second mar-| days after his first wife| “disrespectful and disgraceful.” | somebody doesn't stop him.” | William C. Whitney warned Wall| strect, when was fighting with Ryan in the 80s, “he’ll have every dol- lar in Wall street.” Rememberin that the street has already begun t watch the vounger Ryan xinnings Similar. The innings in finance of the grandson and grandfather are much alik in stature, but only 20 vears Thomas Fortu me to York in 1871 by way of Baltimore, where he clerked in artrient store and besged jubs from door te door of the famous brokers of the street. He had no money, but he had cunning and vi- sion aring. Before he 30| Ryan married the daughter of the in whose store he had crked in Baltimore, orsanized the Seaboard Air Line Railway and had his first million. Whitney had learn- cd that Ryan couldn’t be stopped and was allied with him a deal won control of the Metropolitan railways At the height of rcer, marked by an with Harriman for Union Pacific and a successful fighc with Harriman for the control of th Equitable Life—a fisht that brought about the Hughes investigation and 1 clean-up of the insurance business -Ryan held directorates in and con trol of »1 companies, including thc bixgest bank in the United States. He owned three life insurance compi- nies. a big block of American To- acco, control of the Seaboard, of the eorgia Railway. the Georgia Ban and Trust Company, the American Surety Company, a big block of the Southern Railway. the Pere Mar- quette, the Hocking Valley, and, in \ddition to various other interests, was advancing money to King Leo- pold for the development of the Kon- g0 Free State. mea to any an back was the when son | | been [ ne e riaze died, & had man in his turbulent « unsuccessful fight the control of the pold sent him 27 diamonds. ‘Won Great Notoriety. The Equitable fight won Ryan his zreatest notoriety. He and his asso- clates had almost a majority, Har- riman and his held almost a majority. James Hazen Hyde held the block of stock that gave control. Harrimaa had tried for years to control the Equitable; Ryan had only recently turned hig attention to it. Ryan per- suaded Hxde to sell him the control- ing block. Harriman was in a rage. He threatened Ryan, and, failing in that, cajoled him. Ryan held on o Equitable and organized a trusteeship headed by Grover Cleveland. just out of the presidency. Ryan retired in 1908 with more mil- lions than he could count, his son Al- lan taking up the fight. Allan or- ganized the Royal Typewriter Com- pany to “fight the trusts”” He also was a daring trader, and the market followed his movements. While he was ill in 1920 bears began a drive on Stutz stock and drove it low. Ryan was angered and purchased every share of the stock he could get his hands on. He drove it from about par to $319 a share and caught brok- :rs, who had sold “short.” He forced them to pay up, some of them buying the stock as high as $700 a share to deliver it to him upon his demand. He had a paper fortune of $35,000,000, »ut he had: wiped away the market ‘or his stock. Two years later, as a result of the Stutz fight, he went “broke” with $16 in cash and $5,- 100,000 in unsecured debts. It is to avenge this defeat and to recoup. this fortune that Allan, jr., has entered “the street.” 302 BALTIMORE FIRMS IN EXPORT BUSINESS Special Dispatch to The Star. BALTIMORE, August 16.—There are almost three times as many exporters as importers in Baltimore, according to recently revised lists at the cus- tom house. The lists show 302 firms engaged in exporting commodities from Balti- lonly Ryan | {ity and condition. that | mand, | ceipts In return, as a dividend. King Leo- | more, while 133 firms are importing foreign products. The imports for the most part, are raw materials, some of which are used here in manufacturing plants and some of which are distributed to manufacturing plants further from the coast. Structural steel, candy, rubber %0ods and straw hats are among the ‘hief Baltimore-made products listed as going to South American coun- iries. Statuary is listed as exported ‘rom Baltimore to, England, Krance and Italy. . - Trinkets and jéwels from the Orient, spices, teas and crude drugs from Italy, France, the kast Indies and Holland; feathers from China and pearl buttons from Japan are listed among the imports. e ST PO Machines that will wash and flll 3,600 milk bottles an hour are a fea- ture of modern dairy,equipment, D. C, AUGUST 17, 1924—PART 1. The Year 1924 to Date on the Washington Stock Exchange. Furmished by W. B. Hibbs & Ce., Hibbs Bldx. Up to and including Friday, August 15, 1924. Sales. BONDS. $11.000—Ana. and Pot. River R. R. Gs. .000—C. and P. Telephone 1st Gs.. 17.000—C. and P. Tel. of Va. bx. 231,000—Capital Traction 18t 5s...... 8,000—City and Suburban Ry. 1st G8 72,000-—Georgetown Gas Lt. 1st bs.. 21,000—Metropolitan R. R. 1st bs..¢. 61.800— Pot. Elec. Power 65...... 00—Pot. Elec. Power ref. 7s. 24,000—Pot. Elec. Power 1st . 168/000—Pot. Elec. Power Cons. 5% 11,600—Pot. Elec. Power deb. 6s. 2:000—Wash., Alex. and Mt Ver. 2,000—Wash,, Balt. and Annap. 1st o8 168,000—Wash. Gas Light gen. 58.... 218,000-—Wash. Ry. and Elec. cons. 95.000—Wash. Ry. and Elec. gen. 6s. 217,600 —~Wash. Gas Lt. 6s, 1933...... 1.000—Wash. Gas Lt. 68,°reg. . 18,400—Riggs Realty (long) 10,000—~Wash. Market Cold Storage 10,900—Wardman Park Hotel 6s... 00—Southern Bldg. 6%s..... Share. —Terminal —Amer. Tel. —Capital T 4—Washington Gas ..... 3—N. and W. Steamboat. . and Elec. com.... 45—Wash., Balt. and Annap. com 110—Capital National Bank z 476—Commercia 112—District National Bank... deral National Bank... 34— Lincoln Nattional Bank.... 25 tional Bank of Washington tional Metropolitan Bank —Rigks National Bank..... ational Bank.... curity and Trust tal Trust : ational Savings and Trust. Gnfon! MEust L. Sl et Washington Loan and Trust.. 395—Merchants' Bank. and Trust. i t Wash, Savings Bank. <hington Mechanics’ .. 75—Firemen's Fire Insuranc 7 Union Fire Insu a Title Insurance. tate Title Insuranc 104 —Mer. Trans. and Storage.. $39—Mergenthaler Linotype 1,064— Lanston Monotype fh-—Security Storage Co... 632 ~Washington Market ..... 1.143—Nat. Mort. and Invest. pfd UNLISTED DI 70—Chapin-Sacks 85, pfd.. ‘hapin-Sacks s, pfd. Departmental Bank District Title Insurance Franklin National Bank undard National Bank ash. Base Ball i —Washington Titl Christian Heurich Brewei Caxlcab com nd Tel. rights 100—V 142 10. 58, flat. 58 National Bank.... EPA High. 88 9915 95 9814 791 891, 100% 1031 107% 9T% 974 Folge 1001, 20 Open. 216 70 721; 140 162 203 320 ceeee.. 20332 270 295 160 302 292 150 305 85 400 169 295 13 23 _— BALTIMORE PRODUCE. Special Dispatch to The Star. BALTIMORE, August 16.—With the exception of watermelons, the demand for gr fruits is being supplied entirely by native and nearby stock, and the market generally rules firm under a good movement on first-class | Apples have been in | ate receipt this week, and | with an increased demand for large | smooth stock values have advanced | to $4 and $5 a barrel for all early | vari but 2 will not bring over $1.30 and $2, while bushel stock | mostly 50 cents to $2 as to qual- Shipment of small they stock. mode common apples not advisabl are unsalable. Native cantaloupes are selling 25 cents to 75 cents a basket, while Eastern Shore stock brings $1 and £2 a crate for standards and jum- bos, but flats will not bring over 50 cents and $1. DBlackberries and huckleberries, in fair demand, at 12 cents to 1S cents a quart for the former and the latter. Plums and damsons are | Loth good sellers at present, the for- | mer at 40 to 65 cents a basket and | the latter at 50 and ents. Marke: | for peaches firmer. under a good de- | and constant demand for the better qualities at $1.25 to $2 bushel | fand 50 cents to 90 cents per 4-8 bas- | ket. Demand fairly active for No. 1] new potatoes, and under moderate re- | the market is a shade firmer at §1.50 to $2.30 a barrel. §1.25 to $1.50 per 100 pounds and 70 cents and | 80 cents bushel. No. 2 stock is slow | sale at half price and less. | ative corn is bringing the record | price of 30 cents to 45 cents a dozen for sugar and 20 cents and 30 cents for field, with all stock showing quai- ity being kept closely cleaned up. Tomatoes also holding up in price for this time of the vear, sound ripe bringing 60 cents to 90 cents a bas- ket and green 40 cents to 60 cents, while packing stock sells mostly 96 cents to §$1.10 per bushel. Other lines of native and nearby garden truck holding fairly firm at the following uotations: Stringless green and wax Leans, $1.35 to $1.65 bushel, lima beans, $1.25 to $2 bushel; beets and carrots, $3 to $5 hundred: cabbage, $4 to $8 hundred; cucumbers, 50 cents to 75 cents basket; eggplants, $1 to $1.25 basket: onions, $2 and $2.50 pes hundred pounds; peppers, 25 cents and 35 cents basket; spinach, 90 cents to $1 basket, and squash, 60 cents and 5 cents basket. The egg market continues firm and values show a slight advance from last week under light receipts, par- ticularly of desirable stock. Good and constant demand prevails and all offerings showing quality clean up promptly at full quotations of 29 a dozen or better for stock in free cases and 13 to 1 less for eggs sold cases returned. Prompt and fre- quent shipments advisable, however, to command top prices, as buyers are critical and Western eggs are show- ing good quality and grading. The general live poultry market continues firm, especially on spring chickens running two pounds and over, for which there is a good and constant demand at 25 and 36 a pound and 31 to 33 for medium, but small fowl will not bring over 271 and 28. Leghorns are more plentiful and sell mostly 26 to 30, while small and poor have to be eold at 22 to 24. Old hens in only moderate receipt and good demand prevalls at 22 to! 26 for medium to large, but small and leghorns are overlooked at 18 to 20.! 01d roosters plentiful at 15. Demand | for spring ducks easily satisfied at 17 to 22, while old ducks are slow sale at 15 to 18. Pigeons are in ample supply and little demand at 20 and 25 a pair for both young and old. German Bonds All Issues Bought or Quoted Main 2867 435 STAR BUILDING Very Desirable Offices —in our bank building, fac- ing New York Avenue, now. available. Reasonable rent. Apply main floor. CITIZENS’ SAVINGS BANK 1336 New York Avenue BALTIMORE LIVE STOCK. Special Dispatch to The Star. BALTIMORE, Md., August 16.—The general live cattle market rules steady under moderate receipts of practically all lines. The movement is fairly good for cattle of first qual- ity, but slow on common to ordinary grades. Market for calves a shade better both on the wharves and at stockyards, but must be handy- weight veals to bring top price Quotations today at Light Street Wharf: Beef cattle, first quality, per pound, 8a% medium, 6a7: bulls, as to qual- ity, 4a6; cows, choice to fancy, 5a6: common to fair, 2a4. Oxen, as to quality, la choice to fancy, per common to fair, 30a50. Calves, hoice per pound. 10; ordinary to medium, $a3; rough, heavy, milch head, ©Old bucks, 3ad: Lambs, Spring, choice, air to good, 10all; common to thin. Hogs, straight, 10a10%; sows, s and boars, 5a6; live pig as to size and quality, $a9!;; shoats. 12a13: WE FINANCE Apartment Houses Businexx Property Residence Property Hotels, Ete. Higbie & Richardson, Inc. $16 15th St. N.W. Money to Loan Secured hy first deed of trust on real estate Prevailing_interest and_commission 420 Wash. L. & Trust Joseph I. Weller 45 Wb, L & Trus Our First Mortgage Notes Are the type of investments that appeal to conservative investors. Banks Recommend Them Insurance Companies Prefer Them Courts Advise Them (the three most conservative institu- tions ome can go to for advice.) Buy them and the thought of Morsy, can be dismissed from your mind. We have on hand a limited amount in denominations of $100 and up. Bearing 7% Interest Chas. D. Sager Loan Department 924 14th St. N.W. & Is Here Again— Begin Today To Lay the Foundation for Your Financial Independence— Start Buying First Mortgage Notes— You Can Do So With $10.00— They Pay 62 Per Cent— No Risks— & No Losses— No Depreciations— No Delays. Mortgage Investment Dept. com- | Sheep, choice per pound, | common, | FINANC New York Stock and Bond: Averages. Saturday, August 16. STOCKS. Total stock sales, shares. Twenty {industrials averaged 105.10; net gain, .59. High. 1924, 103.10; low, 90.27. enty rallroads averaged .65 net gain. .25 High, 1924, 92.6. 430,000 “low, 81.00. BONDS. Total bond sales (par value), $5.576.000. Ten first grade rails 8%.95; net loss, .05, Ten secondary rails 87.96; net gain, .0 Ten public utilities 91.70; net loss. .03. industrials av 58: net gain, .05, Combined avera, loss, .01, Combined average month ago, 90.79; year ago, 87.34. averaged averaged averaged eraged 9 91.05; net COTTON 380 POINTS UNDER RECENT HIGH Selling Movement Yesterday Due| to Estimates of Much Larger Crop. o Associated Press, NEW YORK, August tinuation of the inspired by v crop estimates, caused cline of nearly a cent a pound in the cotton market today. December con- tracts broke to 25.30, representing decline of 96 points from Frid closing quotations and 380 poi from the high the end f last closed at ket closing at $1 points. The market was weak tled from the start. c¢rop estimate of 13,314,000 bales one of the prominent cotton yesterday aparently brought great many selli ' overnight. Their execution supplied a moderat. demand from the trade and covering sellers with the resuilt that first prices were 23 to 45 points lower. s little, if any, comment weather whic By 16.—A con- selling movement terday’s increased month. Dec net declines of 67 b3 in a on on the whole, able for the crop, but oted early as probably pro- moted by repor that some of the Massachusetts and southern mills were increasing their working time. Prices In New Orleans. NEW ORLEANS, August 16.—Cot ton futures closed barely stead at net declines of 79 to 80 points. Close October, 23.32: December, 25 Jan- uary 2 March, 25.4 2. Spot quiet, 83 points do new part of the May, : middling, The Sultan of Lah bian State, i repor a small Ara- ed to have “sau- a futher de-| ts price touched toward mber 5.45, with the general mar- to and unset- Publication of a firms IAL. OUTLOOK BRIGHTER IN STEEL MARKET Coffee Firmer on Increased Demand—Lead $10 Per Ton Higher. By the Associated Press. NEW YORK, August pansion of operations in the steel trade is accepted a conclusive evi- dence that the market has definitely turned toward a larger business and the feeling of optimism that has pre- vailed for several weeks past was more pronaunced during the we under review. The continued rise in the price of agricultural products and the more favorable prospects for the settlement of the reparation problem have served to revive con dence in the future. The demand for | Pig iron was fair and buyers exten lr'tl their purchases into the fourth | | 16.—An ex- quarter. Copper has shown continued firm- ness, with a better demand reported for both export and home consump- tion. Hope for an early settlement of reparations, followed by loans to Germany, has been reflected by fur- ther advances in foreign market while the expectation of increased consumption abroad, combined with reports of curtailed production, ap- pears to have encouraged a decid- | edly firmer attitude on the part of sellers. So.far no improvement has been noted in the demand for fin- nished products, but prices for these are higher Tin, after reflecting easier London cables, rallied and made 2 new high for the movement on a keen demand from large interests, presumably an- ticipating an increased inquiry from consumers. | Lead advanced $10 a ton. with offerings light and consuming de- and good. Zinc was firm, with de- mand quieter after considerable | tivity early in the week. Stocks in- | creased 3,621.000 in July Antimony quiet, but firm. apprehension is felt regarding ship- ments from China owing to heavy floods there. Somo> CONDITIONS OF THE GERMAN MARKET TODAY Make it imperative that you protect your interexts by was considered favor- REGISTERING YOUR STOCK AND BOND CERTIFICATE NUMBERS. Address 1GN BAVKING SERVICE ment Bldg. Franklin 3978 FOR SALE FIRST MORTGAGE NOTES Consult Us you have funds for investments THOS. E. JARRELL Iember Washington Real Estate Board. 1t cered” his coffee at a banquet in his | honor Paris recently Applications Invited for Loans on Improved Property In District of Columbia and Chevy Chase, Md. INTEREST, 5% % Apply to H. L. Rust Conipany Loan Correspondent The Prudential Insurance Company of America 912 15th Street N.W. Main 6888 Cur 6 % Secured by First Mortgages on Improved Income-Producing D. C. Properties Our 6%:% First Mortgage by properties which we have thoroughly invest Investments Real Estate Notes are secured igated, and the security had our unqualified approval before we put our money into the loans. The fact that we made the faith in the soli y of the security. loans is the best evidence of our ‘We can therefore unhesitat- ingly recommend them to you and guarantee in writing security of principal, prompt consecutive interest payments, full return of principal when due—and freedom from all care and management. Real Estate Mortgage & Guaranty Corp. (Resources Over One and a Half Million Dollars) L. E. BREUNINGER, President. 26 Jackson Place invest Over a Quarter of a Century Without @ Loss yield lieve Main 2100 OF FULL FACE VALUE Look over the list of securi- ties of almost any estate and see how many of them are marked “of no value.” You can avoid such loss by 6% FIRST MORTGAGES They are always worth par— or management. B. F. SAUL CO. ing your funds in our a regular return—and re- the holders of all worry 1412 Eye St. N.W.