Evening Star Newspaper, August 25, 1924, Page 21

FINANCIAL." FINANCIATL. : tock: d bol ke = - - RAIN WILL HELP NEW YORK CURB MARKET | ELECTRICAL GOODS [fi-":ius Wa505 [ mor homreatE wores ||Firet Movigase Loans Money to Loan Recelved by Private Wire Direct to The Star Office :g:al:;&u:n':’l‘;reg:;:fli ‘:flfi;’g ;:;ive: Consult Us s i s B km';’dr!z“':n"ll l::rdn:! (-ramu;.-x':llum" WHOLESALE TRADE BY WILLIAM F. HEFFERNAN, NEW YORK, August 25.—For a time after the beginning of business in the curb market today, there were Selling elsewhere naturally brought out further realizing in others of this group, notably in Dubilier, which was carried down 2% points, and in Rova, INGREATERDEMAND r for the companies s engaged. . Our First Mortgage Notes Woodward Bldg. If you bave funds for investments THOS. E. JARRELL Member Washington Roal Estate Board. 738 16th Main 766-3370. Btreet Thomas J. Fisher & Company, Inc. Joseph 1. Weller ua'uh. L. & Trest Sth & ¥ N.W. M d signs of resumption of the upward|which had enjoyed a substantial up- D I movement. However, these operations | turn recently. Wh Y H uch Large Vegeable an B s e e it i et evelopment of Superpower Are the type of Investments that We Buy and Sell en You Come ome ng sales again came upon the market | Ofls subsequently lost. Reductions of s Fruit Receipts Likely—To- day’s Prices Firm. In sufficient quantity to cause fur- ther reaction and to give the market an appearance of weakness. Radio stocks added another mem- ber to the group when trading started in Joseph W. Jones Radio Manufac- a cent a gallon in gasoline prices throughout New Englard was an- nounced today, but it was doubtful if this was an tnfluence. Red Bank Oil stood out strongly among independents, getting back to Gives Another Boost to Growing Industry. Banks Recommend Them Insurance Companies Prefer Them Courts Advise Them (the three most conservative institu- Liberty Bonds From Vacation HEN you went away you prob- ably ‘were in too big a hurry Wet weather this morning did not | turing capital shares of no pa ¥ = s T N t serve to bring out a large number [On July 31 bankers offered for ;3::1‘:1 48 again on a large turnover. Speclal D! et o h" e ! reas o €s to check u ou d] fund of buyers. It was welcomed by deal- | subscription 100,000 shares at $7.50| Commonwealth Power ran up al-|SPecial Dispatch to The Star. y Buy t er::.ndr:d :he :ngm ot - A p your 1idle funds, ers in fruits and vegetables from |each. They were actively dealt in fo- | most 2 points further, but later lost| NEW YORK, August 25.—Trans-|] WOrty can be dismissed from your Et | and invest them. But now that you nearby farms, however. supplics [day at a slight premium. eleain formation of ordinary power plants | [ Mind: C. ARG having been reduced on account of B o aar oD At tionr Tas ahin We have on hand a limited have returned, do you not think it wise 1he wet weather. Dealers think to. day's rain will be a means ot saving much of the Erowing crops. Monday usually Is a duil day with NEW. YORK, August 25.—Following i an Gfficial list of bonds and Stocks traded in on the New York Curb Market today: 2 Am L & Trac pfa lated the production of electrical paratus all over the United Stat New projects have also accounted fo- a large amount of b but the ap- | amount in denominations of $100 and up. Benring 7% Interest Bond Department The Washi ington Loan to attend to these affairs at once? Those who have purchased our First :t’;::;:lfi(‘i‘;l;rimd\?\( lr"f:”y to :r:?‘\,\ steady production of many of the Mortgages at 6y(/ d s and small rece ship- larger clectrical factories has been | S 2/o—and more—go B g’ sening Wiaeiecs. o Bitsei on tha reptacement of cxisting || Chas. D. Sager and Trust Company || awaygagd e Elteens e S. > machinery. has bee pa cular- | H = =T = Prices were substantially the same Burcoughs pfd.. ik el ek T s Loan Depaxtment 30 900 F Street | ance inat their investments are being as the clo t week's market It is probable that changed pr for some commodities will be report- fills 65 1005 1081 entrif Iron Chi Nip new w P trn wi W Manufacturing business of the and inghouse | Co, erage Electric 924 14th St. Main 3 N.w. 620 17th Street safely guarded, and with the satisfac- . 10! et showed a 10 per cent gain over 1921 : Gl » ed stmmg s TR T s i o T e s oieaintoves 10 I tion that their interest checks will antaloupe Supplies Light. A came a downward trend due to slack- i i Dubil C & Radie 1 The daily market report on fruits| 10 Can Nt Durant Mot ..oee ness of building and other factors, | E reach the“_’ Hil lhe‘mall the day they and vegetables, compiled by the| 6B & D Pont. Motors which obtained until July. In the| 1 are due, without fail Market News Service, Bureau of v 3o © last_month, however, the volume of Co.O, Build 2 . ricultural Economics, today says business has risen steadily and is| 0! 1 ildi oy e S Cantalounes Supiie: et experied o riach 1ts peak in the ‘x"‘""vf puncmg This is real comfort in investment, and moderate; market steady; E carly Autumn. » “k et = 4 ; ETTISHOREY M. AnaiDeI® silion tn 4 e ; 2 “°l‘3‘:t‘l:’:‘ and we suggest you consult us soon, if standards, 455 and short 1.50a Current in Greater Demand. rEanizeds 187 1 L : g 5 2.00; some ordinary qualitw, low as The larger part of the recent in- 44th YEAR COMPLETED vou have funds to invest, so that you 0; 08, s 00a2.50, few best Hazeltine Corp wi.. cre; hee e cted | y v Moo e S e R beto o el | amete Fereoom ! may profit by the present high rate of standard crates, honeydews, medium St and its distribution, This includes LI -$1,245.320.98 U 'y interest. e, 2.00a2.25. 5 5 sual demand for switchboards, o 12 e airl al s yme | iing a ers, egu- . North Catoling, bushel bash Coatlaw wi e Our Systematic Plan. Arnold Guaranteed S tzell. Rh & H i and Elbertas, best, large size, bi Tron . ore.s tributing devices. This demand has [l —and you will eventuatly be fnancianiy Certificates wartzell, eem ensey 0. 3.50; 6s, Hales, large size, 3.0 Pow s Middle West stood up well in spite of the s = T 5 Einta, 65 ‘and bushel baske ] i N Aohe ARG e Rl G S T I Arnold Guaranteed Certificates 727 15th Street N.W. tas, mostly medium size, 2.00 Th iR ey T nes Win Fr Co ( men prominent in trade do not ex- | Subscription for the afford a safe and profitable in- . and bushel baskets, Bell Morehy G0 Rdl0/Gom " pect any decline in the next few vyestment for surplus funds. 55 Years Without Loss To An Investor 6s and bushel baskets, variou Sor adio Corp pfd. ... merths. 87th Issue of Stock They are secared by first mort ties, small sizes, 75al Maryland, Itadio new A...... Large additions have been made to | 3 e ERges o Impreved INcome rew bushel baskets, Reeves, large size, Koy kad ¢ i senerating capacity in plants 1| Being Received et ORISR oF Arastil axd 3.2503.50. C &1 new sections of the country and rentracts | Coapeny Apple Prices Drop. Onions Sell Lower. T ‘r“\‘_‘v' :"'x"fl ::’4"“" “_:":w W “LA'::}”“,i‘“'; i Issued in amounts of Onions—Supplies moderate; demand ift & ¢ D R $100, $500 and $1,000, to moderate; market slightly weaker. o, S T frsallation of switching equivnent || FQUITABLE BUILDING run for term of 2 to 10 Massachusetts. 100-pound ve tom HAGE € chiwi LRSS A becriied v ove years. Potatpes—Supplies 1 ot Gk rent interruption of service and as- ||| JOFN JOY EDSON, Pre S light; market slightly weaker. New Ul G& usnolim S LotaniciE e D e L i ARNOLD AND COMPANY Jersey, 150-pound s: Tn Rwy of 1 US Lt & Heat.. " Buying of cel insul: s, dis- | Incorporated 3 g i Ity o : e ying of porcelain insulators, dis Blers v 2N o Vit S8 Srargiher con 155 tribiitors and transiormees with e Cesieatiandlserpiie {81000 LOOKING AHEAD ‘Watermelons — Supplies moderate;| 5 Webst Milis 615 wi 1 Westers ilow "\uggr tanl l‘:.l.llwf\- s Telephone Main 2434 demand limited; market steady. FOREIGN BONI 2 Black Oak Demand has also been apparent as lot sales, Georgia and North Carolina,! 10 tndus Bk Finld 0 Cs a result of new building. Thousands Btk fpen (cor ganumonaiGr T o of new meters have been ordered for | T = Ppourd average. 3.50a3 | O e Tha o . L G £ooa; market firm. Ne ow Tork. cra Dolores, Exper - .- on le b it fhe i gusian rs one who looks ahead and acts fe Beston type, mostly fair qualit ek Croewux .- Customer is still the largest purchas- 5 ol 250 some ordinary quality low e e 1 of ‘of electrictal supply apparatus and | Mortgage accordingly. A neE ’ . DHDISea0 ol s expected to rue 8o for the re- | ding g res Cabbage—Supplies moderate; de- old Zone ... SleXpote0 o continnelau (or oy | Notes— Looking ahead, he invests his mand moderate; market steady. Vir- > S d b money in an investment that is ginia, barrel crates, round type, 1 Big Increase in Meters. ecure: y - 185, T T e o Gom I d good today and good tomor- esato Maiatinicany. o S S pany’ of New Ty reports an’in: lea);‘[)iv: : row—an investment that re- Tomatoes—Home grown, supplies | 1% Nai Tranut”..” Ry Copret cte metersidn aervlce 0 eal Estate Ozer a ; B ’ moderate; demand fimited: ‘market | a0 S Tramit 1 e (bl ia iyt inant toa In Washi mains at par every day—one L e e e ioee n Washington Quarter that relieves him of all details Pears—Supplies moderate; demand alized that 21 times much light | Worth Double and worrv. limited; market fairly steady. Oregon, = caninowigties purchased (oou 1 00 Organized in 1814 gre . s, Bartletts, extra fancy, 4.00 ] when the iginal dicpow 9 The Amount Our ; fancy, 3.75a4.00; some ripe, extra 0 Kansas new carbon filament mp invent Century fancy, 3.00a4.00. oKy and that the present 100-watt lamp, o Of the Loan— 5 612% FIRST MORTGAGES Sweet potatoes—Supplies limited: OSY new ot @ bt which “gives more than 100 candle- A uest]on it + Rat Without demand moderate; market slightly e power, costs less to operate than one 4 Weaker. ' North Carolina, cloth-top , INDEPENDENT OIL STOCKS. ndle, T“ ;"56‘2 e T —meet the requirements of stave barrels, yellow varieties, No. 1, ,‘., zton 0l A S reduction in costs, which oda 2 0 e a Loss 5 c 8.50a9.00, few low as 5.00. oxton. Wro' 011 L e amounts o 95 per cent, as compared | YOU ust Face y 62% those who look ahead. | Apples—Supplies moderate; demand % o an ticiency | i 7 Insuring an inc - moderate; market sligntly weaker: ity ¥R Eenthinioosementin amplent doy] pe":‘d;‘;:"k anincomeitolce. $100 to $5,000— Maryland and Virginia, bu. basket 11 Wenden Copper g e ey e s, 3 . various vareties” L0175 " mosty g e In tne avorage home totuy whicn |l Preidecease, 5 a problem Partial Payments .50; N e & - - - ] & g % o ?;2:"?11523'05‘-’7.0"‘3?5??% r\:‘n( s TO!I AS LAW A of lighting is estimated at less than |[{} which the man of family Received— B E SAI I CO InEs Lipel00; ome & o oo AUTOISTS AS IDS. |1 per cent of the annual gamin (1000 e ’ 7 oeg 2 . . . 8.50; few Smokehouse, 3.50a4.00. _ h“,;:";‘c Ve s X : o ortgage Investment Dept. - PARIS, August 25.—Special road > ore A conference with Our Trust 4 . 5 4 which have central servies : e : : A 16 Northwest Oil 0. les, drawn from the ranks ot | Which ‘have central ccctric servic:|fl Officer on this point will prove ISHA__ NNON & LUCH:g Main 2100 1412 Eve St. N.W. WAGE CUTS IN SOUTH WORRY TEXTILE MEN Northern Manufacturers Are Un- there are no funds with which to hire it. More than two billion will be executor, guardian, ete. bl + Meet A T more. Besides, the gendarmes, as spent this }lr\xr 4’|4‘\l)l;4|ln1: "u '.r.n-l' P ‘1 O s | able to eef n; Wer rule, accused of showing too great|Servative esi es, or electr] N = y partiality to horse-drawn vehicles, |labor-saving devic and their in- | 3 a3 n Javings tallation, and about an equal sum < Production Costs. Bpe: Dispatch to The Star. 1 Pennock Oil 18 Pierce Pet .. 18 Red Bank Oil pew 16 Rogal Can 0 & Ref 3 Sait Ck' Cons 1 Superior 0i B wik 1 Union Ol of Cal D 2 Woodley Pet 2 INDI ALES Capital Tonopali Min ench automobile and touring will be charged with the duty of enforcing the rules of the road, ac- cording to a scheme which M. Peytral, minister of public works, is under- stood to favor. Gendarmes are not plentiful enough to.apply the new regulations and applying the penalties only to auto- mobil sts. come about for cur- with 40 y has rs ago, through reductions of rate and offices are so connected. Central | station electric companies numbering 5600 furnish power to 424 trial _ establishme: manufacturers a ing the necessary eq 14,200 stores are enga pment and ling | will be paid central stations for their | output of current. | Sell Stock to Customers. | Shares, $2.50 Per Month of advantage, and will involve no obligation on your part. ¢OUR TRUST DEPT. is em- powered to act in all fiduciary capacities. giving experienced, specialized service at no greater cost than an individual trustee, National Mai Denominations of 713 and 715 14th St. N.W. n 2345. In amounts of $250 and up. BOSTON, August 25.—Reports that| National dtge. Soviet Represented at Riga Fair. WASHINGTON, D. three Southern cotton mills had made |8t RIGA, A t 25—Twenty-five | ;,APCUt $250,000,000, or one-fourth . s wage reductions of 10 to 15 per cent AFTER CAL: ennee uls:us, 25 —Twenty-five | the amount which will be required to (Incorporated Under the Laws of Virginia) has been received in New England | Capital Traction countries, including Soviet Russia, | finance the new power developments | e ro 0 an textile circles with a good deal of | Washington Gas 6s e presented at the fourth.Lat-|q4uring the present vear, will come | AeilessaliCannatisscsn alarm. It is claimed here that South- Money—Call loans, 5 and 6 per cent. ;lfl'\ nt»rl’lzl!_nnal Agr‘l(mltl:lrnl and | from the sale of the securities in 1‘ 110 uf pitahizat ern mills already had an advantage BONDS. ndustrial Fair held in Riga this|power companics to their own cus- |f] < o 250000 Share 5, Comlaive Preered Sk of 7 cents a pound on standard goods & Summer. ~The Soviet display con-|iomers, as it is expected the consum- ||| Years an Years e e 1630 o 215001000 costs, as compared with Northern Bid and Asked Prices. sisted chiefly of textiles, wood work | er holders of public utility securities | old old b . e competitors. A further wage reduc- PUBLIC UTILITY. A apccmens (;{ur;s"'*‘fi':&”;-}":;ld‘ofl;:-r will L by 200,000 before J;m.[ e 250,000 Shares Common Stock, par vl]ue $10.00 $2.500.000 5 i - 7 UBid. Asked 2 = atura e- | yary 1 next. apital, Surplus Individe: this savantdes by 1% %o 3 ‘sents s | American Tel o7 © grs | sources. These Included placer gold| Samuel Insull, head of companies Profits, Over $1.700,000.00 | pound. Northern mills are unable to reduce wages, as was shown in the case of the Dwight Manufacturing Co., which last week rescinded an order putting into effect a cut of 10 per cent. —_— WILL SPEND $25,000,000 IN PUBLIC BETTERMENTS Special Dispatch to The Star. CHICAGO. August —Public ‘works, amounting to more than $25.- | P 1o 1% ‘American Tel & rgetown Gas 1st 5 etropolitan R. R. Potomac Elec. Ist Wash., Balt Washington Gas Bs.. from Siberia. SERVE 260,000 PERSONS. NEW YORK, August 25.— Subsi- diary water companies of the Ameri- can Waterworks and Electric Com- pany now serve about 260,000 custo- mers, an increase of about 10,000, since the first of the year, a slightly larger growth than the in- crease over the corresponding period of 1923. This does not take into account the gain in customers due to the acquisition of new properties. At the present normal rate of growth furnishing Ch Illinois with ele that in future, split about 50-50, go and Northern | tric current, predicts uch financing will be between issues of Opposite New Walker Hotel 15th St. opp. U. S. Treasury Hitz Bldg. Conn. Ave. at L St. FOR RENT Zomorrow— TO build for yourself a future that will be free from financial struggles requires keen judgment in the selection of your investment se- curities. Not only must they bear a high factor of safety but they must be liberal in the returns they yield. this reason, is assured of a ready sale for its offerings of guaranteed First Mortgage Certificates and profitable returns from its transactions. It would be a wise move for you to link your future with that of the Mortgage Bond & Guaranty Cor- . o o 000,000, will be underway here by | Washington Gas 6s. the subsidiaries are serving about D t t Ph : 2 ; by i { . Rwy. & F y T: investing now in its stock. the end of next month. Widening - ey &K 85,000 additional persons each year. en lS S Or SlClanS The Mortgage Bond & Guaranty poration by g Rt e Sy The dividends are free from the nor- street, at a cost of $22,000,000 is to MISCELLANEOU: This building is especiall 5 Corporation deals exclusively in First e et e s el b e ate e GOLD RESERVE DROPS. use ki sl Mortgages, secured by improved, in- mal Federal income tax and the stock . at Riggs Realty 5s (long! = 2 3 i 3 s : 5 e SetdB o Gl i o o el e b Located in the heart of Washington's fastest come-producing real estate and, for S f"“,glmm the Rilcd':inddenxgmo‘:: Cost of $2.500,000, o TYSHEM AL R | Waun Sarket Colt Siorige totaled $10,09,818, or nearly $24,000,000 growing uptown busin ction—within walk- s e lre;irtvff-f;"(;g ::nleuf)? ;:s:m?: Eold ing distance of most of the Government depart- ferred go to the co/;m‘Znn sharchold‘;m PSR STOCKS. ings banks deposits was $3,357,697, or menls and banks—accessible to car lines. & b ¢ A . PUBLIC UTILITY. 10 per cent on $33,576971L. Circula- f In offering a combination of one When Gl doubiaboutiialsecntits |\ . o ey sSreipe tion of Dominion notes increased half For Particulars Apply AniusciciionlsssSireas share of g% cumulative preferred eonsult your banker. ®s much his interest as yours to pro- tect your savings. You trust him with “your deposits—why not trust him with your investment problems? tal Traction. Washington folk & Was h. a miltion dollars during July, after | a drop of June of about six millions. —_— e Tons —_————— Randall H. Hagner & Co. 1207 Connecticut Ave. as Its Management Harry A. Kite, Presdent President, Harry A. Kite, Inc., Builders and Real Estate Operators stock and one share of common stock (total par value $20) for $12.50, the Mortgage Bond & Guaranty Cor- VATIONAL BANK. German Bonds L L L L L L e L L Lo L LAl Ll P 0o 00 A eoidmi = Architact poration gives you the opportunity $2,000,000 FOR ROADS. National Capita Director, Equitabie Life Insurance to make a safe, profitable investment. Columbia Any Issue Company. ST. LOUIS, August 25 (Special).— The Missouri Road Commission has Commercial Bought or Quoted Hugh A. Thrift, Vice-President Secretary- Tréaeurer, Thrife Build- Partial Payment Plan—20% cash; 5% of remainder per month for approved contracts involving the ex- ; . ing Company. penditure of over $2.000,000 durins the | iy American Consultation Seivice Safeguarded by Title Insurance Wk Valler, Tresower | n twenty months. No interest charge 3 Cincoln oS 2 Nationa 43 National Bank. on deferred payments. Regular pre- Reraa SiSasBag hati Frank P. Morse, Sccrdary ferred dividend applicable to amount Main 2867. The examination and guarantee of one or more of Maoager, Washiny ‘Branch, | SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) National Bank. * TRUST COMPANY. Washington’s strong title insurance companies protects investors in our First Mortgage Coupon Bonds against Redmond & Co., Investment Bankers. . C.S. Ts paid in. 1 Share 8% Cumulative ) Mor‘tgage Bond & Guaranty Corporation T | American secority & Trus 310 i viorBurke | Alamigum Go. of Amer. Ts 125 103% 103% | Merchants' Bank any loss through defects in the title to property given e v Preferred.............; $12.50 Alumium Co. of Amer. 7s 1085 107 10715 Several hundred thousand as security. Frank J. Hughes 1 Share Common........ : ! Vice-Pres.-Gen. Mgr., National U ) doll or . " Agiconia Coivts 10 Ty farsto invest| for font of When you buy Smith Bonds, therefore, you know that e Descriptive Bookiet Mailed Upon Request Associated Oil 6s 103 D101 1013 | commerce & Savings. 200 town parties. Will loan only for the protection of yourself and other bondholders Vice-Precident and Counsel, Bell 'l;:| D‘f' (‘;nn:dl ‘l IM;Z' . 99‘% 100 East Washington...... '_fi(“) th title h: been aranteed for the full Calvert Bank Baltimore, Md. s::'.ra- Jan?Hoctiees Sk t024. . m,‘ }gw mfi‘, Savings & Com 2% on business property; one per t_he = a: as been guaral e full amount of : I;org-aly Mayor of Baltimore. 1 Leathe 5 1925. 20 . . E’E":mmll “E!ll:. pxr’;.',“m'/,'.lfifi' % ::fiss Onttad toe Mechanic = cent commission. Address & 'P:“d"“‘ Trift Building Co. oliimbi et & BL 10058 1957, Jo0” losw Box 300-T, Star Offi Write for description of current offerings paying 61;,% Vice-President, Union Trust Co. 1981 ice. 5 Paral s 108y 1002 |American - : and 7%. Bakticaces, M. HUGHES & COMPANY Federal Sugar Ref. Frasre Bods Coro. 6 1031 Eoryenr T & KL 88 1081 Great Nortbern 7a 1086, TITLE INSURANCE. Smith Bonds Are Safe Bonds Gearge E. Walker Fremdent. National Mortgage and Investment Corporation. (AINCORPORATED) Gulf Oil . of Pl 5%s 1928. 100% 10134 Fomble o oo Columpla Tt e FEDERAI:AMERICAN WO LOSS TO ANY INVESTOR XN 51 YEARS. 'WT"E%” ~ g,!.;_l INVESTMENTS ; ware lders’ Suppiies. S 8% e NATI 0 NAL BAN VicoPres., Citizens Savings Bank. Blusmdiiny Kl erH.SMITH C i = hants’ Transfer & Storage uo 3 i [BeelE i £ s ; MITH OMPANY e 1418 Eve Street, N. W. Muind 32 B e I RESOURCES $13000.000 ounded 18731 G 106" | 01d Dutch Market pfa. 314 N o g onazne " DI E SMITH BUILDING 815 FIFTEENTH ST. 1 b w:;::“’;‘é°"‘, Mark Pl Joun POOLE Panseam " T TEXTEEn e T LIk P X P00 A e LT T Y Pereog . ttagbogse E. low Ca . Tiecme Seel o 1350, 10115 ¢ TOER aividead. : . .