Evening Star Newspaper, November 12, 1924, Page 25

"INANCIAL THE EVENING - PRICES HOLD FIRM AT CENTER MARKET Rabbits Now on Sale—But- ter, Eggs, Cheese and Poultry Unchangt_ad. Fairly 1 findinz v .‘.l‘“ of rabbits aré The season in svember 1, 10 days in Maryla opening Local de openin sy in receipts salé ay efore the Virgin however the laws the of dry y on improve long ad con Man v prevailing them much ready a dozen, 50 conts low- game is prohibited en noted | prices fol- able Review. Ve Long some fair sty ady. Nor hamp and green quality, “lorida, » hushel Ohio, he small size ht; demand W York, 1 ber 12 (Unite B f Agriculture) H head; steady with Tues < -s; big pack- ers d broad demand top, e le 200 to 5 pound 140t pound gely 8.25 bulk Jority dominat- for special- and orders; medium offerings Jower nativ proxi included i fshed ha 12.50; heavies, & ern grasser western gr some hig steers held abo veraging around 1, pounds, 10.00: bulls, steady to w supply ghty sausage bulls, sm very slow; choice : lower Sheep—Rece tive; lan @ertone stro and comeback, 12.50a13 butchers, up to 14.00; a11.00; fat sheep unchan ing 14.25 ipts, 16,000 head; to strong: un- bulk natives : few to city mostculls, 10.50 and feedin ambs, top, 7.50; feed- ac- DAIRY PRODUCTS. IMOT er 12 ung ch BAL eial). pound. hens, 163 roosters pair, 30. young 35240 Eggs—Receipts, Rnd nearby firsts, Butter—Crea pound, 37 creamery, packed, 2212: Novem each, 40280 35405 old, fowl, pound, Guinea turkeys, 1,517 do s00d to fancy. prints, nearby ladles, 30a32; store process butter, 38a34. LOANS IN WILD JUMP. NEW YORK, November Brokers' loans are estimated in the financial district to have expanded $125,000.000 in the last 30 days to ap- proximately $1,600,000,000, the bulk of the increase having occurred since the election with the ac ving activity of the stock m The estimated total is the largest thus far this year, comparing with §1,4 000,000, a month ago, but still about $400,000,000 below the peak touched in February, 1923. 12— | NEW YORK, November 12.-—Follow- = | Curb Market today: 18.00 | v York | nd 180 | handweight | [ it Traction NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM EFFERNAN. nnouncement of the 17"!:!";(‘{ of NEW YORK, November 12.—It was | 1 of the largest baking com- es of the country, this stock had another day of excitement on the curb h bid up In reckless fashion. With exchange, with speculative enthusiasm good news out, today's regction at its height. Brokers reported a trgw tural sequence mendous influx of orders from both arried with it other baking 8 g ny shares like United Bakeries red, Ward Baking s, but these d As the day went on United s common retraced part of ding started in the after- utmost in tr volume of t the irregul Baker ‘lines were limited However, highly price movement was | Luke to ::lhx) : “:"m"l\!‘!\l:g.! m in the Continental Baking rters, while in other: 2 n stocks, the B shares b e ning at 16%. The outstanding Incident of | In the mininsg was a mal break of | Diamond Field b in the stock of | tive Ol shares the upw ously the day 3% points United o developments to account for the dr: tic decline group, Canario and Butte wer responded moderatel to the further decline in weekly crude Jduction figures, with Vacuum Oil It will be recalled that previous to leader scord price ks an ofli traded cial in list on of bonds the New and York ol . [ irie Oil & Peon Mex 1 Prairie ' L . Ttefin Penn Gil hern P L BONDS & Lt Gs_old Sumat T Thread condu s o Am 0l 2 Sim Tdw G w 38008 0N Y S 0 Ohio W Penn T 1 0 Nwan & Finel 400 Vacuum Oil Dtrait et L el 5 Cit Serv pld B 10 Cit Sery It of< serip Synd lid Ol Co £ 00l of Pa . 190 Indson |1 [ 24 Inte | 75 Kan b Lok 2 Lo Moy Mount Mount 6 ok Oil & Rfe 1 INDUSTRIALS Coal 1 108 Cas & I & Tract & Tra 1 still : | ence STANDARD 011 ISSUES SLoo0 ar 081, Ts 411000 at | SL000 at 85 00 at 102, $300 Lok Val Coal N 500 i Libby MeN & T 338500 at 102, $500 TED DEPARTMENT at 11 EIMES ity 88 145 i . ( pfd and BONDS. Bid and Asked Prices. PUBLIC UTILITY. M &1 new Cal Edison ) Cal Ed tard Mator nd Pub Co A tutz Moior Swift Intl Swift & (o Thermiodyne own € ! Xitropolitan Potoma. K wi ted Prt L& Mt Ver. ctf..] & Annap. 55.... Wh W 3 Yello Rk Min t M Sp new vt faxi € N Y MINING. 8 it-Colo. .. Park Hotel 6s.... .. STOCKS. PUBLIC UTILITY. T M m‘n: Amer. Tel. & wa | Terminal Taxi com. NATIONAL BAX ~National Capital . v | Columbia ....oeee = 3ib_ Cons ...... Commercial Kay Copper Corp District ... Korr Take 7 Lone Star Devel Liberty Lincoln . s Ohio Cop Plymouth L micr Gold Min. Ray Hercules In Rocky Mt S8 & R 113 ilverdale . .06 o Am Gold & P pearhead Gold niskaming Mines pah Divide ... | b Extens opah Min Bullion . American Security & Trust. Continental Trus Sern Mereh i National Union Washington 415 07 | Commerce & Savings... o | o Wahington. .- ity Copp ity Savings & Con o S Y. | i Wenden ' Copper s e Wert “Tean ri i Tnited § | Washington Mechanics'. NEW STOCK OFFERED. NEW YORK, November 12.—Direc- tors of the Continental Can Com- pany have authorized an offer of ad- ditional common shares to common and preferred stockholders, limiting subscrnptions to 15 per cent of their present holdings. The new stock will be priced at $54 a share, which compares with yesterday's closing quotation of $59.75 in stock exchange trading. Stockholders of record No- vember 24 will be granted the rights to subscribe on December 9. The offering will be underwritten. ate Titie.! : S MISCELLANEOUS. Merchants' Transfer & Storage. 0ld Duteh Market ston Monotyp STAR, WASHINGTON,” D. C NEWMOVETOSELL | IDLE [J}_.\jESSE[S' and Grennan | ,, | Eauipme WEDNESDAY. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. SAFETY ONLY RELATIVE TERM. One of the most difficult problems which an investment adviser is call- ed upon to solve concerns securities once rated as sound but which, for one reason or another, are now mere speculat It canmot be too often repeated that safety is only a re tive term as relates to investment Over a period of years changes in | the status of a particular industry or mistakes in management may entire- 1y alter the character not only of a | stock, but of a bond. Sometimes these changes are unforeseeable. They come more often with industrial con panies than with railroads or public utilities, although they are not un- known with the latter. Nearly every one can remember when th curi- ties of street railway companics were decmed desirable holdings for the | mostfastidious of investors. That was before the period of high oper- ating costs and motor ear competi- tion. Hindsight is no help after the dam- is done. The important question all be done when an i ds his holdings taking able trend. In nearly every |instance an investor who has been ortunate enough to find him lin this position asks how he can make up his loss by exchanging his stock or bonds for some other s | curity. Now, hard as it m that situation must be cons an enti new proposition. It impossible to recoup a speculative loss except by indulging in another speculation, and there is never any assurance that the ond venture will turn out more happily than the first T do. E | hope Shipping Board to Put Diesel Engines in Ships at Cost of Millions. BY J. C. ROY al Dispateh to The Star NEW YORK vember chandising ships that nob tough propositic Board f o execut Corporation the United ard took the first ales policy this 12 dy wants The step week when contracts for 18 Diesel ngines to convert a_ similar number sels to motor ships. Shipping men have told the board there were plenty of ships to handle the world's commerce outside the hoard has in its possession. There little question of the truth of statement, and the board itself | tually has acknowledged it is, it has tacitly agreed that there wer to0 many ships “of the wrong type. The board now roceeding on th theory that | ry to spend money to nd sell the ships. in a this is is nec money Pirst Cost, $ The awarding of tracts will have al effect i 000,000, the n im Dies rediate indy ts of the since 1. s were tered from New land to Oakl tif f se heightened by the itracts for the auxili nd by the ac- tual work of conversion the ship yards. But the real effect of the re is only one of two things to| ther you should hold on in the that ths worst has been seen or ould accept the loss, sell out vest the proceeds into som thing which appears a sound invest- ment. regardless of its speculative | move, the first step of which will o possibilities. The attempt to mix | $25.000,000, will ne speculation with investment s a [until the hips actu: takes of this kind tion. There gined ship my. On some t of operat 0 per cent procecding on Diesel ships dy, they will find read nd purch, among ping companies, who will r e old coal burners in favor of \ economical type. They are y |ed in this by t konk, Hox which was amps & So in excellent d nd for of th . b r econo- ence in mated as high ing theor the by cony and which nd ever since. “Perfect Package” Cam-| ( paign Reported Great Help ‘ to Railroads. Hopes do © Losses. 1t hoard this addit | from fu purcha what the ships iH Ksland freighter: 1 the Governmer a deadwe ersio und ¢ 5 rs a is wever, t expendit ney will thing | the me recoy ~Loss shipments in the United | s reduced from $120,000,0600 $46.000,000 last y d an being made to uce further, J Baskewill. secr of the Virgini said in explaining th !the three-day meeting of o Irailroad claim departments, | session her than 100 ds in the Vi lims conference fin 1920 to on effort [ fairly Is of | now in a liabil awards are in attendanc former is comprised of railre some | irginia nd, No wh {lina an nia. atte N | doub per horse and cannot ur ines ordercd them sle Bas in the the fall ewill explained, connection, that in the American Railway Assoc carried on what called package” campaign with cted results. He s a con- proportion of the reduc etween 1920 and 19 ributed to this campaign v. Ritchie will be one of the speakers at a banquet to be held by | the railroad men tonight. |APPEALS $2,500,000 SUIT | Milburn Company to Get Hearing power. er 1921 ion Great Help to Shipyards. fact that s equi we: T ng place lief | varas of the been paving a | month in order open. The prog to thousands was X1 country det ork truction « It for the Matsor Ameri out of ex cons in Damage Case. BALTIMORE, November ander Milburn Co, 12—The of Baltimore. . against the Union Carbide | and Carbon Corporation of New Yorlk d its afliliated companies was de- | cided in favor of the defendant con- cerns here last May, has filed an ap- | peal | The Milburn Company 000 damages. chargings that the | defendants had monopolized the | teyne torch business and were silty of unfair competition in ob- taining war contracts The appeal will be héard in United States Circuit Court of peals at Richmond in December, STOCK DIVIDEND VOTED. Standard Gas Equipment Firm to Pay 128 Per Cent. W YORK. November 12.—A dividend of 128 per cent on the common stock of the Standard Gas t Corporation was declared the directors today. The corpora- tion recently was organized through consolidation of the Baltimore Gas Appliance & Manufacturing Co. and am M. Crane Co. of New Steamship e | 1 ‘ 1 | ‘ \ | ‘ uction and loan Board Bids Asked. bidders, who include yard in the country d'to name a lump su n of the ship, ing to the new cifications will make the vessel available naval auxiliary in of ‘war body_many of t The new plan the length of 352 feet. a beam Ap- and a draft of 25 feet turbo-electric engines of a speed of to dations for 630 fund of Shiy Lamp possib Sum The every have for constr ed $2,500,- spe which as a I’.'.( kno first-c solidated Press.) Consult Your Banker. If you are inexperienced in invest- ing money, it is very unwise to piunge into unfamiliar ventures. You will profit by consulting some one who is familiar with such affairs. Gonasult vour banker as to the requirements as to bank investments; what are safe for their funds are very certain to be safe for yours. It is always weil, moreover, to seek his advice and counsel. by ‘WOOL TRADING BRISKER. BOSTON, November 12 Trading was brisker in street raw wool markets Associated Press. YORK, November 12.—For- gn exchanges easy. Quotations (in United States dollars): Great Britain, demand, £59%; 60-day bills on ance, de- mand, .0 4 . de- mand, . - L0434, Belgium, demand, .0433%; cables, .0484. Ger- many, demand, .2381. Holland, . 167. ‘Sweden, .2680. Switzerland, 1924, Greece, .0180. Poland, hoslovakia, .0298%. Jugo- L0144 % Austri .00001 ia, .0055. ~ Argentine, .3750. .1180. Tokio, .38%. Montreal, (S the today, mmer with waited orders trend. until after Pri ¥i elections s continue th. territory hz high as 1.50, and French are up from 142 to 1.45. Ohio d. laines are selling 2 and 3 cents high- er in the grease than a week ago. placing moved & combi Den Money to Loan Becured by first deed of trust on real estate. Prevailing_interest and_commission. 19% slavia, Ru Brazi 913 9th & F N. Metropolitan Housing Loans (Metropolitan Life Insurance Company) On Homes in the District of Columbia and suburbs in Maryland and Virginia. These loans may be made for 15 years and are very ad- vantageous to the borrower for the reason that they eliminate_extensions, or new loans at the end of short periods. No life insurance requirement. Ample funds for loans in the District of Colum- bia on BUSINESS PROPERTIES APARTMENT HOUSES OFFICE BUILDINGS AND HOTELS Lowest Interest Rates—Brokers' Applications Invited WEAVER BROS., REALTORS 735 15th St. N.W. Phone Main 1821 pparent | in opera- | Diesel-en- | al).— | a good many manufacturers, who had | r upward | ! Joseph 1. Weller 40 Wash. L. & Trust | NOVEMBER 12 Thomas J. Fisher & Company, Inc. Mer- ! idle | those | she | | | | | | | 1924, Prompt Action First Mortgage Loans Lowest Rates of Interest and Commission 738 16th Streat MONEY TO LOAN On Improved Property in D. C. and Md. ANY AMOUNT—THREE, FIVE and TEN YEAR TERMS Lowest Rates BUILDING PROJECTS FINANCED FRED T. NESBIT Investment Blds. _ Main 9398 Reasonable Rents for Suites or Single Rooms High Ceilings—Ample Light Day and Night Elevator Service in Modernized Federal-American National Bank Bldg. 1317 F Street N.W. Apply Room 505 Phone M. 256—M. 700 “When Buying” Our 7% First Mortgage Notes —your investment is secured on carefally selected improved properties and placed on luation. Notes now available in amounts of $100 up. Apply Loan Dept., Mr. O'Donnell, Mgr. Chas. D. Sager Realtor 924 14th St. N.W. Main First Mortgage Notes Inzvest Your Money Without Risk Mortgage deed of Northwest security is amount the an double re. these notes p: erext, which is unusually ering the excelle the nvestment. Denomi ns—%250, $500, $1,000. MOORE & HILL Incorporated 730 17th Street N.W. Member Washington Real Estate Board Scores of Millions of Dollars been invested in MORTGAGE through our house. EVERY P ¥ of ‘the principal and interest on these securit has been paid without delay and in 1ull when due. —have FIRST NOTE! We have no intention of lowering the standards which have made this record possible. When you invest here your money will be SAF and also vield a liberal in- terest rate. Write for Booklet Mortgage Investment Dept. HANNON_& LUCH 713 and 715 14th St NW. Main 2345 Our Information Bureau of many cities and many kinds; will plan your auto trip or a day’s sightseeing here: will even plan your house- hold budget or tell you what compound interest ~has directories on your savings will do; make up your coupon certificates or sell you street car tokens;‘and in short, help you in any way it can. invited utilize its facilities. You are to The Washington Loan & Trust. Company Main Office F at Ninth St. Branch Office 17th at G JOHN B. LARNER, President | i i | | | i ] | | ‘ | | | INANCIAL. FIRST MORTGAGES FOR SALE 6'2% THE TYPE OF SECURITY CONSERVATIVE INVESTORS BUY DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13000.000 1315 F ST Jonn PooLe seesien Mo age Borgs | We recommend for investment ||| the Sinking Fund Debenture 7% Gold Bonds due April 1, ‘ 1953, of the | | Illinois Power and Light Corporation For the twelve months ended May 31, 1924, carnings of this corporation, after interest on total mortgage debt, amounted to more than Six Times an- nual interest and sinking fund requirements of this issue. Price 101 and interest Yielding 6.929, Detailed information sent o quest for circ: E. H. Rollins & Sons Founded 1876 416 Woodward Bldg., Washington Boston, New York. Philadelphia, Chicago, Denver, San Francisco TO FEDERAL EMPLOYEES AND ALL OTHER PEOPLE WE _WANT YOU AS ONE OF 50,000 NEW INVESTORS IN THE SAVINGS DEPARTMENT oF “YOUR BANK” To get your investment we will loan you ONE HUNDRED DOL.- LARS WITHOUT INTEREST OR ENDORSEMENT. The only condition is that you will leave it on deposit in a sav- ings account for one year and pay us back ten doilars a month. Your one-hundred-dollar invest- ment will bear interest at 4 annum, compounded semi.an- nually. At the end of one year your $100 investment will be worth $104.04. Under the usual 4% savings plan, if you save $10 a month for ten months, your $100 at the end of one year would be worth $102.52. Come in and talk with us about this new investment plan. Banking Hours—8:30 a.m. to 2 p.m., except 1st, 2nd, 15th, 16th, 17th and last day of each month, 8:30 a.m. to 5:30 p.m. Saturdays, 8:30 a.m. to 1 p.m. THE DEPARTMENTAL BANK “YOUR BANK' 1714 PENNSYLVANIA AVENUE N.W, Under United States Government Supervision vations strongly now self a sound i a substant return. in such demand in that experienced de it a p reserva Call, write or pho 6464 for circular current off gs paying 7 NO LOSS TO ANY INVESTOR IN 51 YEARS The F. H. Smith Co. Founded 1873 PIRST MORTGAGE BONDS SMITH BUILDING #15 FIFTEENTH ST. Equitable Co-operative Building Ass'n JOHN JOY EDSON, President Organized 1879 -$4,942,132.68 FRANK P. RI 45th YEAR Assets Surplus $1.317,011.44 Subscriptions for the 88th Issue of Stock Being Received Systematic Savings Accomplishes Most Our method you become independent financially. Lay aside a small amount T O D A Y and join the [Equitable. 915 F St. T S will help ares $2.50 Per Month 722222 APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia Chevy Chase and Takoma Park, Md. 353 % INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT Ghe PRUDENTIAL INSURANCE COMPANY of AMERICA 912 15th Street N.W. Main 6888 Investment Talks No. 2 The demand for Real Estate and its value increases with the population. This is conclu- sively demonstrated by the enormous fortunes built up by real estate ownership, particularly in the large cities. Folks are never through with real estate. We are born on it; we walk upon it; what we eat is raised in and upon it; we live our whole lives on it, and when we die, we are buried in it. Even aviators must come back to earth. In short it is the one prime fundamental necessity and resource of the people. HENCE, IT IS THAT REAL ESTATE CAREFULLY BOUGHT OR LOANED UPON IS THE SAFEST AND MOST PERMANENT OF ALL SECURITIES. GEO. W. LINKINS Estab. 1886 1719 K Street First Mortgage 7% Notes in denominations from $100 up. Realtor