Evening Star Newspaper, September 15, 1924, Page 27

FINANCIAL. DEMAND IS SLOW IN APPLE MARKET Wholesale Prices Here About Same Today as at Close of Last Week. market report on fruits )les compiled by the Mar- Bureau of Agricul- The daily and veget moderate; demand market dull; bushel baskets, 1 Virginia, various »arla- rols, extra inches up. 10.00: rches up, 6.00a6 00: ' hoxes, Winter bananas large size, 3.00a3 1y Cantaloupes—Supplics liberal; nand moderate. market steady; inia 2% inches up. ngton extra medium to de- Colo- tints, salmon 16, pink ats, 9s and and jumbo 12s, erate; demand New York mederate; vellow and Ohio, varieties, No. Pench Supplies Liberal. Peaches—Supplies liberal; demand moderate; market steady; Virginia and Maryland, bushel baskets Elbertas, medium to large, 43.00; bushel b 1.50; bushel ba small size, f ew Jersey, s, fd a2.25. Potatoes demand, moderate; 150-1b. “Supplics light; de- Sweet potatoe: rket steady; mand moderate; North Carolina orfolk section Virginia. cloth-top stave barrels yel- low varieties, No. 1, 4.00a3.00; mostly 4.50a5.00 Cabbage—Supplies moderate: mand limited; market steady York, bulk, per ton, round type, Tomato Receipts Light. de- New 35.00. Lettuce—Supp'ies limited; moderate; marliet steady; Ne crates, big Boston type, 1.50a2.00; mostly 1.75. Tomatoes—Homegrown supplies light; demand moderate; market stead homegrown, half-bushel hampers, 1, 90a1.00. Grapes—Western supplies liberal; Kastern supplies ligh : demand mod- California 2.00a2. ady; best, gas and Thompson Se cayed, 7521.00; Home ket crates, various rs—Supplies moderate; demand te: market steady; Oregon, Bartletts, ancy, 4.25a v York, GILLETTE RAZOR 500N TO SPLIT UP STOCK Proposed to Make Dividend of 149,000 Shares Under New Arrangement. By the Associated Press. W YORK, September 15.—Plans to readjust the capital structure of the Gillette Safety Razor Co. through a split-up of shares and declaration of a stock dividend, were announced today. Under a proposal approved by the directors, 149,000 shares of unissued stock will be distributed on Decem- ber 1, as a stock dividend. The com- pital then will be increased ,000 to 2.000,000 shares of no ué, the additional stock being | ributed to stockholders through | an exchange of three shares of new for one of old. When the recapital- ization is comphted, present holders of 100_shares will have 570 shares of new stock. Dividends on the increased capital will be paid at the annual rate of $£2.50 a share with occasional extras, if justified, Chairman J. E. Aldred has notified stcckholders, in calling a special meeting for October 6 to vote on the proposal. $2,300,000 MAILED T0 TOBACCO RAISERS Checks Sent to 53,000 Growers in Three States—Growers Are Satisfied. RICHMON Checks for 000 members of the Tob: Association of the Carolinas and Vir- ginia. This is the third payment ox the crop of last year, and is about 75 per cent of the valuation of the crop as fixed by the officers handling the affairs of the organization. The price paid to the farmers is in all ways satisfactory, according to the members, the only adverse criticism being that they have had to wait a little longer than formerly for their money, but they say that they have received more than for years past for their tobacco under the old system. PLANTS ON FULL TIME. HOUSTON, September 13 (Special). —All industrial plants here are work- ing full time, with a normal number of hands engaged. There is a slight shortage of bricklayers and plaster- ers and a steady demand for farm and dairy hands and cotton pickers. Protect Your Money. Life’s drama, in a major sense, is a conflict between man and his envi- ronment. Savings and wise invest- ments are forces which validate the human will, making it possible for an individual to determine the future economic status of his family. NEW YORE EGG PRICES. NEW YORK, September 1 —Firm; receipts, 5.465 case Eathered, extra firsts, 41a45; firsts, 37240; do., seconds and poorer, 28%a36; nearby hennery whites, closely selected extras, 63as5; nearby and nearby western hennery whites, firsts to average extras, 48a62; near- by hennery browns, extras, 49ab6; Pacific Coast whites, extras, 60%a 61%; do., firsts to extra firsts, 47a59; refrigerator, extra firsts, 34%a35; do., firsts, 32%a34. PARIS MARKET FIRM. PARIS, September 15.—Prices were firm on the Bourse today. ‘hree per cent rentes, 53 francs 65 centimes. Exchange on London, 83 francs 80 centimes. Five per cent loan, 66 one-half | 6s, | BY WILLIAM F. HEFFERNAN Special Dispatch to The Star. NEW YORK, September 15.—In the curb exchange dealings today the fea- ture was the further rise in Ward | Baking, continued strength in radio stocks and & new high record for the Duz Company shares. Ward Baking had closed on Satur- day at 29% and a week ago had sold as low as 24. Today it touched 31 with a large block changing hands at that figure. far reports that the com- pany was to amalgamate with other { baking concerns have not been sub- {stantiated. But the strensth of Ward | Baking was undoubtedly helped by NEW YORK, September 15.—Fol- lowing is an official list of bonds and stocks traded in on the New York Curb Market today | sptes in | thousamis. Am Gas & El te uw Aw Tower Old 8x.. 2 Dot Edion s Dunlop T & Rub 7a 9. Fed Metalx 7« . 1 0il € Hood Rubber 7x... Intern Match 61 Kennecott Cop 7. .. 2 Lehigh en Va 3 1eh Val R R T "M &L . Mnrm & Co 11 t Prod 78 I et . [IPL" PPN e Digh o wiht win Srv'of N3 6s wl o 0il Co B148. . 2 Skelly Ol 6ts wi. "1 Southern Cal Ed 3% 8 Stndd G & El 6%s 0O N Y 7s '28.... o . wum - O 2 Webster Millk G FOREIC French 4s . Gr Con El Pow Ind M Bk of Fin 5 King of Neth fx ' Tow Auw ily EI 6t 6 Paris T wi BONDS. 100% 1007 Sales STANDARD OIL ISSUES. in_units. 100 Atlantic Lobox 100 Buckeye P L. 20 Cumberiand P vacnum_Oil Washington Stock Exchange .—2 at 76%. . 10 at 301, Fashiogton B n-\- Riggs Nat 108t 301 Bor 01, Columbia_Title Ins. at 9. Mergenthaler Lino. at 1573, T fovest, D450 at 93, 50 AFTER CALL. Washington Gas. Gs '33—$200 at 100%, $300 at_100%, $100 100% iigton” Ges Light—10 at 51, 10 at $1.000 at 10415 W Norfolk and Wi Money—Call loans, 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid. Asked. American Tel. 071, 98 American Tel. & Telgs & T C. & P. Te Capital Traction R. City & Suburban 5s. Georgetown Gas 1 per Mte. Bty e (oni); Realty Gn (short] ‘Wardman l’ll'-. Hotel . STOCKS, PUBLIC UTILITY. American Tel. & Telg: Capital Traction. SAVINGS BANK. e F ‘%-vlfln- Cercoran Firemen's National i TITLE INSURANCE. Columbia Title. . Real Estate Title Merchants’ Transfer & lm Mergeathaler Linotyi Nau_ Muge. S old Datcl Old Daten aarker Lanston Monotype. france 40 centimes. The dollar was |y, Quoted at 18 francs 81 centimes. ity Storage. lm' ’cm H:rl NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office the impressive strength of General Baking stock on the big board. In the radio group Hazeltine crossed 27, where it was up over half a point Ware was slightly higher and Radlo Corporation gained a little. Dubilier across 53 was within 3 points of its record high. In sympathy with the improvement in the rubber and tire shares on the stock exchange, Goodyear common wis up nearly a point. Continental Tobacco had a similgr gain. Gillette Safety Razor was not much affected by the an nouncement of the new flnancial plan under which the present 500,000 shares outstanding will be increased to 2,000.- 000 shares and the difference distributed to shareowners. Salex INDEPENDENT O1L in hundreds 40 Big Indisn 0il . 1 Boxton Waa Ol b5 STOCKS. Woudies " bt INDUSTRIALS. Am Gas & Aw L & Truct.. Pow new wi Pow & Lt.. Child Co new. Common Power Cor 1043 Com P Cor rtx w | Cont’l Tob Inc .... DL & W Coal Dutitier ¢ & 'R Durant Mortor Du_Font_ Moto u__u_._!.m%-EE‘.‘;-N—..__‘g_g.._ Goudyear Tire Hazeltine Corp Hid & Maon R R Hudson Co pfd . Inter Ocean Radio Inter Cont Rubber .|.m7u XY Tel Co pld. Nickel Plate nw vi Nick' Plate pfd wi Omb Corp A pf wi -.-.-:.-.....--.u.;-i.. = ygzgrrs [0 TR~ TS P TOTNUN Y POPIUPYHOL i PI0L. [P P i Radio Corp pfd ! Radio Corp new A Rova Rad Cp tr cfs So C & 1 3 Tipn ita ve tF efs Thread Co ptd e “nited Illkerio-n Un Dakeries pfd . Tower Mfg wi Taited G Da0iry 191, ary, oe Mach Corp Shoe Mch Co pf Ward Bak (o A Ward Bk Co B Western Power Western Power pf MININ Butte & Western. . 3 Canario Copper ... ontinental ~Mines. ons Cop Mines, Cortez_Nilver . 4 7 rdshell Min Harmill Div Hawthorne Mnx Hill Top Nevada 9 Independence 1 3 Kay Copper Corp Loma Presta Mines . 28 Iorrain Silv Syn Ind cNamara ¥ ‘Porcupine. Nipissing Ohlo_Cop (3: Mi Ray Hercules Ine Red Hill Florence. | Reor Dis Annex.. . Rocky Mt 8 & Ref & R ptd Spearhead Gold Tonopah_Extens Tono Jim _Butler. o4 Tonopah Min TriBullion 7 Trinity Co 2 Wachen Coppes West End White The Modern Girl. From the World's Best Magazine. The modern girl thinks she's a live wire, and the reformers agree she is shocking. The modern girl may know lei about making bread, but she knows more about making dough. About all the modern girl knows about a needle is that you can use it only once on a gramaphone. FOR SALE FIRST MORTGAGE NOTES Conwult Us It you have fonds for investments THOS. E. JARRELL Member Washington Real Estato Boord Washington Savings Bank Blds. 1 10th Bt N.W, Phone Main 766 MONEY TO LOAN On Improved Property is D. C. and Md. ANY AMOUNT—THREE. FIVE and TEN YEAR TEEMS, Lowest Rates. BUILDING PROJECTS FINANCED. FRED T NESBIT 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 1ST MORTGAGE MONEY TO LOAN and Md, Henl bintnte at Current Hate of Tntor . JARRELL vings Bank Bide, W, INVEST YOUR SURPLUS FUNDS In Our First Mortgage Notes Secured on approved North- west Property casily worth more than twice the amount of the loan. T2 101K N1, At present we are fortunate in having an excellent issue Paying 7% Interest Denominations, $250, $500 and $1,000. Over 24 Years Wihout a Default in a Single Loan Made by Us MOORE & HILL, Inc. 730 17th St. N.W. Main 1174 Prompt Action Flrst Mortgage Loans Lowest Rates of Interest 738 15th Mureet Arx;old cuaranteed Certificates Do Not Fluctuate Because of the excellent first mortgage security back them, Arnold Certifi- cates are always worth par. 6% % interest is paid right through to maturity. If your money is invested in these Cer- tificates you can feel as- sured that every possible safeguard has been taken. of Consult us regarding our partial payment plan. Issued in amounts of $100, $500 and $1,000. to run ‘for term of 2 to 10 vears, Send for Booklet ARNOLD AND COMPANY | Incorporated Capital and Surplus. $1.250,000 | 1416 Eye Street N.W. Telephone Main 2434 SERVICE and SAFETY National Mortgage & 811 Vermont Avenue N.W. Deals in the Best Real Estate Securities First and Second Trust Notes and Ware- house Receipts are purchased at fair rates Its 7% First-Mortgage Notes, SECURED by Improved District of Columbia Real Estate, Are a GOOD INVESTMENT. Offered in denominations from $250.00 UP. Phone M, 700 and Commission | Thomas J. Fisher & Company, Inc. SEPTEMBER 15, FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13.000.000 1315 F ST Jouw PooLE Parsmem We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street 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 61%— No Risks— No Losses— No Depreciations— No Delays. 13338332323822 2001 'uzt:wx:zmttm::n:mmmmmmn_ Mortgage Investment Dept. {SHANNON & TUCHS) 713 & 715 14th St. N.W. Main 2345 Investment Corporation Equitable Co-operative Building Ass’n JOHN JOY EDSON, President Organized 1879 Assets $4,841,727.46 Subscription for + + $ the 87th Issue of Stock Being Received 3 * SHARES $2.50 Per Month!! Sec'y TED u.:m 561.42 SYSTEMATIC SAVING Set aside part of your earnings in the Equi- table. A method of sav- ing that will accomplish most. 915 F Street N.W. == It is Quarter of a Century Without a Loss find $250 B. F. Main 2100 INVEST IN OUR FIRST MORTGAGES ill start you. large amount of money in order to buy a First Mortgage. You can begin with as little as $25 and by regular deposits you will months. The plan is very simple. SAUL CoO. 1412 Eye St. N.W. $25 not necessary to have a yourself the owner of a Mortgage in only ten 1924, Money to Loan Beerired by first deed of tenst on el estate Prevailivg interest and_commisa! Joseph I. Weller "-‘u!.“:-‘.‘r‘."-?‘ Money Available for First Deed of Trust Loans 647 Interest Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. When Buying Our 7% First Mortgage Notes You Can Be Assured and con- First.—A very careful has been servative appraisal made. Second.—The loan we recommend is less than 60% of the market 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 fn am 8100 wp. Chas. D. Sager 924 14th St. N'W. Matn g Loan Department ts of FINANCIAL. A Mark of Confidence HEN Washington was young and her famous avenue still a street of the future, a dis- criminating public had already come to know and appreciate the first mort- gages handled by this house. Time is the real test of worth. Today, more than a half century later, the name of “Swartzell, Rheem & Hensey Company” in connection with first mortgages inspires the same feeling of confidence as the “Sterling” mark on silver. We are now offering these Notes, secured by improved Washington real estate, in denominations of $100 and upward. They return 6147 and bet- ter. Swartzell, Rheem & Hensey Co 727 15th Street, N. W. Washington, D. C. 55 Years Without Loss to An Investor Unquestioned Dependability When you appoint this company as Executor and Trustee under your Will, you place in charge of your estate an organization with over Thirty-five years of ex- perience in the management of estates, one which has a personnel composed of specialists in Trust business—an Executor and Trustee of Unquestioned Dependability. Central: 7th and Mass. Ave. N.W. Northeast: 8th and H Sts. N.E. M]ER]ICAN SECURIT AND TRUST COMPANY 15th and Penna. Ave. Capital, Surplus and Undivided Profits Over $6,000,000.00. BRANCHES Southwest: 436 7th St. S.W. Northwest: 1140 15th St. N.W. Mortgage Bond & Guaranty Corporation WASHINGTON, D. C. (Incorporated Under the Laws of Virginia) Authorized Capitalization .000 Shares 8% Cumulative Preferrod Stock. 250.000 value $10.00 . par value $2. Common-Stock. par value $10.00 (onquer— N early victory in the A portion of the stock of the Mort- struggle for financial pros- perity is the reward of the man who makes his investments wisely. ‘The Mortgage Bond and Guaranty Corporation deals exclusively in First Mortgages, secured by im- proved, income-producing real estate. It is recognized this is the safest field of investment known. The constant turnover of the capital, through the sale of guaranteed First Mortgage Certificates, assures a very attractive return to the investor. ‘The management comprises a group of bankers, real estate and business men of excellent. character and high standing. They all enjoy unbroken reeords of success and their expert knowledge is especially adaptable to the profitable and conservative man- agement of this Company’s business. gage Bond & Guaranty Corporation is now being offered at the same price paid by the officers and directors. ‘The cumulative preferred stock bears an immediate return of 8%. The dividends are free from the normal Federal income tax and the stock is free from the D. C. and Virginia intangible tax. All dividends over and above the 8% paid on the pre- ferred go to the common sharcholders. ‘These securities may be purchased on an attractive partial payment plan. No interest charge on deferred pay- ments. Regular preferrtd dividends applicable to amount paid in. 1 Share 8% Cumulative Preferred. . .cc.ccece.- 1 Share Common. . ...... Descriptive Booklet'Upon Regwest $12.50 A_-wu-m-m Manegerwent Pn,‘a'enz. m;\lfiu.l Buitiers sad Real Estate Opecators e P. Clask, Jr. P e Presidem— Architec Direcor. Equimble Lie Tnsemace Company. A Theift, Vies-President Treasurer, Thrift Build- ing Compaay. . ] Waller, Trogmwer W ronient: Foders! Amacian National Baak. lrllkl..-'t.w Baokers. C. 8. Taylor Burke President, Burics & Herbart, Baakers, Alezandria, Va. Fraok J. Hoghes o e ien. Megr., National Mortgage & Investment Corp. H Vice-President and_Counsel. Calvert Bank, Baltimore, Md. Formerly Mayor of Baltimore. . S. Gruver "and-:t. “Thrift Building Ce. W. O. Peirson MU—-TM('A Baltimore, M Mn"lln - Fremteni | Mortgage and t, National Investment Corporation. 'i‘-l}, West k" M-ln-nl Vice-Pres., Cmmm 6 B ommtonSone, Real e s & Tormtate HUGHES & COMPANY (ANCORPORATED) INVESTMENTS 1418 Eye Street. N.W. Telephones Main _—