Evening Star Newspaper, November 29, 1924, Page 15

FINANCIAL PRICES HOLD FIRM ATCENTER MARKET Wholesale Prices Wind Up Week With Very Few Important Changes. Wholesale prides at Center Market are closing the week with few im- portant changes, today's early quota- tions averaging as follows: Iiggs—Strictly fresh, selected can- dled, doz., 60; average receipts, 57a68. Butter — 47a50 1b.; store-packed, 20 1b. Cheese—Long Horn, 25; mild cream, old sharp, 35 Ib. ry—Alive, roosters, 17 Ib.: ducks, 15a20 Ib.; gcese, spring chickens, 25a26 Ib.; fowls, 22a23 1b.; keats, young, 50a70 cach; dressed, fresh killed spring chickens, 33; roasters, 30; roosters, 19; fowls, 20a26; turkeys, 30a35 keats, young, 70a80 each; ducks, 1b.; geese, 25 1b.; capons, 40a45 lb. ¥Fruit and Vegetable Review. tur- Today's market report on fruits and vegetables, compiled by the Mar- ket News Service, Bureau of Agricul- tural Economics, sald: Apples—Supplies liberal; demand moderate, market steady; barrels, Maryland, Virginia and West Vir- sinfa, Grimes and Stayman Winesaps A, 2% finches up, 5.00a5.50; Delicious A, 212 inches up, 6.00a6.50; boxes, Washington and Oregon, medium to large sizes extra fancy, Stayrian Winesaps and Spitzenbergs, 3.00a3.25 Delicious, 4.00a4. ¢ Bananas, mostly bushel bas- land and Virginia, . 1 Winesaps and Winesaps, unclassified various varie- Cabbage—Supplies moderate; de- mand light; market steagy York, bulk per ton Danish type, 225.00, Celery—Supplies moderate; arket steady 2-3 crates, 2.50a3.00, mostly quality ordinary, 2.00; crates, 5-6, dozen, 5.50. Lettuce—Supplies moderate; de- mand moderate; market firm; Cali- fornia, crates, Iceberg tvpe, 3.50a4.00. 20.00 liberal, demand New York, 75, some California Onfon Market Firm. Ontons—Supplies moderate; demand tight; market stead New York and Ohio, 100-pound vellow varie- ies United No. 1, medium to large size mall size, some auality 2.00; Michigan, nited States No. 1, large size, 100- nd sacks vellow varieties, 2.50. otatoes—Supplies liberal; demand derate: market steady:; New York, cks round whites United 1 2.00a42.10 per sack; 150-pound sacks russet . 2.10a2.20 \e. 150-pound sacks tain United States No. 1 few sales, 30 per sack Cauliflower—Suppli mand moderate, market steady Long Isiand craté v, 2.75a3.00. ing beans—Supplies very les reported. Peas—Supplies light; demand mod- erate, market steady; Worlda, 7 bushel hampers_ mostiy, 5.00. n Mou moderate; de- Newy, 00, 1ight, Eggplant Prices Lower. Eggplant—Supplies moderate; mand mode market weaker: Florida pepper crates, 4.50. Squash 1.00a light; demand Florida pep- Supplies moderate, 1 et firm; per crates, white, 4.00a4. Peppers—Supplies very mand moderate, market firm; Florida pper crates, few sales, 7.00. Cucumbers—Supplics very light, no sales reported. Washir;gtén S.tockVEixchange light: de- tou Gus Light otspe—10 at £ Lanotype—1 AFTER CALL Capital Traction Co. Washington Gas Capital Traction & o8 Lanston Monotspe—10 at 7 UNLISTED DEPARTMENT. Chapin-Sacks 8% pfd.—10 at 99. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Mergentha! $500 at 981, $300 at 987y, $1,000 at American Tel. & Tel American Tei. & Telg Am. Tel. & Tel. ctl \m_ Tel. & Tel. conv. tia & Potomac NEW YORK CURB MARKET Recelved by Private Wire BY WILLIAM F. HEFFERNAN. NEW ,YORK, November 29.—The curb market ended the week in & buoyant manner, with operations for the rise still in progress. Noteworthy exceptions to the general tendency, however, were the baking company stooks, which experienced heavy sell- ing for special reasons. Heavy offerings of Continental Bak- ing and United Bakeries stocks were In direct response to the announce- ment that a formal complaint attack- Ing the Continental Baking Corpora- tion as an illegal combination would be filed with the Federal Trade Com- mission Monday. Continental A ovened down more than 5 points, United Bakerles at 149 lost 4 gnd NEW YORK. November 29.—Follow- Ing 1s an official iist of bonds and stocks traded in on the New York Curb Market today: sales in thousands. Atlan “Fruit Ry Beaverboard 8s ... Belco Can_Pap '8 eel 78 'S5 .. C ‘n Sta Childs Co_ 65 2 Cit Serv 7a B B Cit Bery 78 0 | 3 Cit Berv 7a D 7 Cous Textiles & . 4 Cleve Elec 75 1 Cuban Tel Tigs 3 Cub D Sg 7148 7 Cudaby 5igs' . MOD R G Wes 5 wi 7 Deere & ¢ 4 13 Detrolt” City Gas 85 & Detrolt Edisn 5 Dun Tire & Rub Pisher Body 6s '25. Gen Asphalt s . n Asphalt 6a w t ‘ol 58 30 Inter Match §14 2 Kan City Term 5 3 Lehigh Power 6s. 1 Libby McN & L 7s 2 Maultoba Power 7s. & Mot Prod Co s new 4 Nat Leather Su .. 3 Yew Orl Tub Fer g 9 Nor 5 0 1 0hi o 8 Phil Pet Tigs w w 1 PuSe B & G CoBls 18 Pub Serv of N I s 11 Sinelair_Con: fon ‘OUl 8s ... [l 5 United Drug Co i, . 1 United Ry Hav Tiis 15 Vacuum Of1 7u .00 1 ter Mills 654 FOREIGN BONDS, 2 Fin Gr Mn 6145 B wi 12 In Mig Bk of Fin 7s & Ttaltan Power 61s. . 4 & King of Neth 85 '3% 23 Rep Peru 8s 1 Russ Govt 914 1 Russ Govt G4s ¢ ® Russ Govt 6 ivay & Co brough Mfg & 0il 1100 Humbie 0il & 10 0P L.... 180 Tmp Oil 201 PL ... 8100 Inter] Pet o Lid. T Nebraska N 1100 Vacuunr 0t .20 2% Sales INDEPENDENT OIL STOCKS. in hundreds. 31 Carib Synd ... 1 Cities Serviee 1. 3 Citles Serv pfd.. . 1 Cities Serv pf 1 Citles Serv 8 Creole Synd ... 2 Darby 0 & Ref... 1% Derbe O & Ref pfd Suclid Ofl Co 11 Guif Oil of Kirby Pet Lago Pet . 40 Latin_ Amer Ofl. fex Panuco 3 Peer 0l Corp 70 Penn Beaver 4 Pennock OIl ...... 8 Pennock Ol new Bank Oil... 11 Venezuelan Pet .. 12 Wilcox Oil & Gas. . . ; ey 3 Woodley Pet Industries Contri BY STUART P. WEST. 1. 0. Paper Mfg. 6s.. For. Jt. Stc. L'd. Bk b Rigge Realty bs (long). ltiggs Realty on (short! Southern Building 614+, Wush. Mkt, Cold Storage 5 Wardman Park Hotel 6s. STOCKS. PUBLIC UTILITY. American Tel, & Telgt Capital Tra Washington : Norfolk & Wash. Wash. Terminal Taxi com. : NATIONAL BANK. Vatjonal Capita . 220 Columbia . 250 Commercial 140 District .. Jarmers & Mechanics’ Vederal-American Liberty . 88 s mmes me & Washington. TRUST COMPANY. American Security & Trust. Continental Trust. Merchants' Bank. National Savings & Trust. Union Trust. > 167 Wash. Loan & Trus i SAVINGS BANK. 200 United States. Weshington M FIRE INSURANCE. . 200 dorcoren . 9 en’s . 18% Nationa) Tblon., i -1 TITLE INSURANC! mbia Title. fi:‘n Estate Titl MISCELLANEOUS. American aehington Market Yellow Cab.. RATES ON BAR SILVER. WEW YORK, November 29.—Bar cllver, 69; Mexican dollars, 53%. Special Dispatch to The Star. \NEW YORK,* November 29.—The stock market during the past week has kepi on with the advance which started lust before and just after the presidential electionss, The motive was quite clear, namely, the disap- pearance of all worry about the pos- sibility of an amendment to the transportation act, and the feeling of security that _political conditions would remain the way they are, cer- tainly for the next two years, and most likely for the next four years. Supplementing the reassurances af- forded By the results of the elections have come more favorable reports from various lines of trade. The stock market, accordingly, has been paying attention to these optimistic accounts and It {s probable that In the majority of Instances it has gone a good way toward discounting busi- ness improvement. Improvement In Orders. The week end mercantile reviews had copsiderable to say about the “disposition to increase commlt- ments.” . These have'®gdén for the purpose of satisfyl: immediate needs and to_provid quirements. The su servative elegient .} in fact, the orders wh'ch Ygad “be A election unce: ties, Sy Steel reviews®teported that opera- tions in certain’ important steel cen- ters during the w ose to around 70 per cent, an incredse of approxi- mately 10 per cent in a foginight. A substantial gain in bank ngs outside of the financial di and the continued high total of.: ay car loadings also attested to the sats isfactory condition of commfili_flLen- terprises and the movement ot goods. For the tenth time this yedr'car load- Direct to The Star Office Continental B reacted almost a point. A large number of industrial favor, ites were bid up into new high ground for the move. Inclwded among these were Dunhill International, which crossed 31, and Centrifugal Pipe. Re- newed buying came into Freid-Else- mann and Dubllier Radio, while Thermiodyne Corporation continued to be taken above the 14 level. The public utjlitles and motors were help- ed by th th in these groups on the sto nge. With ¢ Der metal quoted at 14 cents and no }et-up in the demand at this figure, there was more of a de- sire today to come into the market for these shares. Canario, Kay and Wenden were favorites and a number |of the so-called penny shares did | somewhat better. INDUSTRIALS. Adirondack Power. 31 Am Gas & Bl new. 1141 Am Hawaiian 8 P 14 Am L & Tract 1 1 Am Pow & Lt new Am Pow & L pfd. Am Bup Pow A .. Am Sup Pow B Am_For Pow wi.. Rorden Co . H Cont Bak B wi n Gas Hal pw wi De For vte . Dubilier C & Radio Dunhill Tnt In East Penn_ Elec El Bond & Sh ptd Goodyear Tire ... azeltine Co Joves Radio . Leb Val Coal Mesabf Iron.. 3 ddle West Util Pitts Term Coal wi 4 Pitts Term O pf wi Swift Intl . S Thomp Ra (o vie Union_Carbide United Bakeries... 151 Unit G & E new . 531 Ward Bak Cor B.. 48 MINING. Canario Copper . Cons Cop, Hlaea rtes Silver . ka Croesus 1dfield Develop i Mine Conpet Gorn. Teck t S TB.EASURY_CEBTIFICATE& (Quotations furnished by Hedmond & Co.) 238 December 4108 December 48" March 438 March 100118 10000 100532 1008 1008 100 1516 99 1516 1013 4 , 'OCK MARKE ber 29— 17 highes nd closing prices for the most active £tocks dealt in here Caln & Ariz . Calu & Heeln 1 Carson Hll Min | Copper Rango . Ast Maxs astern Edison E crown crown rloty . erown . PARIS, November 29 —Trading was quiet and prices moved irregularly on the bours. today. Three per cent rentes, 50 francs 45 centimes. Ex- change on London, 85 francs 85 cen- times. Fjiye per cent loan, 61 francs 20 centl e dollar was quoted SOMERSWORTH, N. H., November 29 (Specfal).—The Great Falls Manu- facturing Co., which las been operat- ing on short time for months, has pro- posed a 10 per cent wage cut to its emploves as a preliminary to expand- i4ing operation: Better Trade Reports Speed Up Wild Rise in Stock Market Steel, Textile, Leather, Motor and Rubber bute to Improve- wment, Resume Indicates. items on the outside news has been felt most keenly in the security mar- kets. Although the total volume of business on no day was quite up to the maximum of the previous week, the turnover kept on at a high rate. The public appetite was evidently not satisfied and speculation was carried to new helghts. The average of prices reached a new top. Ordinarily an advance of such magnitude in so short a time would be thought suffi- cient to have anticipated a larger de- gree of improvement In business even than has been noted. But each suc- cessive favorable bit of news had the tendency of dispelling what fears had arisen that the speculative movement would be carried to extremes, Advanee in Call Money. The advance {n the call money rate late in the week to the highest level touched since early in the year had no mnoticeable effect upon security dealings. It was regarded as a natu- ral accompaniment of the December 1 settlements rather than any warn- ing to speculative activities. Next to the bouyant market for stocks, the most interesting incident of the pagt week has been the sale of the $100,000,0¢0 French dollar loan, which was oversubscribed soon after it had been offered to the American public. The success' of the French issue helped the market for other forelgn government loans and ft emed likely that the flotations in is country of private European in- dustries would find a ready market. Raflway Reports Favornble. Taking the more important of the railway traffic statements for October, as a whole they presented a very favorable picture so far as net income. is concerned. The fact that net had increased largely over the same month a year ago In spite of a falling ings were in excess of the million mark in the week ended November 15. Other Business Improves. Furthermore, the reports of condi- tions in a number of other lines of business besides steel have come to hand. They kave included accounts of the greater activities in the textile, hide and leather, motor and rubber trades. 3 The effect of all these favorable proof of how successful railway managements have been in cutting down maintenance charges to around normal, so that the full benefit of the current high rate of traffic could be realized. . This situation, the removal of fear of adverse legislation, the continued hope of important raijway consolida- tions and the pro dividend d further buying of raflway secu: 4 |sociation of R Estate B of favorable all attracted | PEANUT IDUSTRY COMES T0 FRON Crop and Sales Greatly Boosted in South—Prices Jump $10 Per Ton. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, November 29.—The shrill whistle of the peanut roasters has grown into the buli-throatea siren call of hundreds of big mills this year. For peanut oil mills In the South are rapidly supplanting the cottonseed oil plants, the activities of which have lessened in volume of late years. K America has not only learned to grow and eat peanuts, It has learned to sell them. Conse- quently this crop is taking a promi- nent place among the profitable prod- ucts of the soil. Prices Up $10 Per Ton. Prices have advanced around $10 a ton since the first of this month de- epite the Government estimate that the 1924 crop will show an Increased yield of 26 per cent. One of the larg- est peanut brokers in the world, lo- cated in Chicago, attributes this in large part to the fact that large ton- nages now have passed into the hands of co-operative marketing associa- tions which are amply financed to feea out the exact amount demanded by consumers without breaking the price. The Georgia Peanut Growers’ Co- operative Assoclation, for example, has been financed by the Federal branch at Columbla, 8. C. clation claims it has L strumental in strengthening the market, which dropped from $120 a ton In ‘September to §65 In October. Georgla's crop, fourth in the country fn 1923 with 38,912 tons, Is estimated now at 59,400 tons, with a yleld of 700 pounds to the acre. Since bank- ers have recognized the commodity as of standard loan value, however, growers anticipate no difficulty in financing orderly marketing of any excess Peanus production in the South has lald fits wreath at the foot of the monument to the boll weevll, for as a crop, it has become secondary only to cotton and tobacco. It was a feature of the diversifisd farming vhich, though born of necessity ba- cauge of the boll weevil, has revolu- tionized Southern business conditions. Tobacco and peanuts, new “money” crops, were largely responsible for the 46 per cent gain in farm wealth in Georgla in the last year, according to State statisticlans. The This asso- 1 largely in- the disruption in recent China 1s the United States in of peanuts and { bettering in China caused by revolutionaty disturbances the world the East. they still are far from favorable for active com- | petition from China this season. ales Galn 220 Per Cent. Peanuts also had a most important part In the improvement of farm | s in the South a ithwest this ear. v National As- @ rds & number of farm sale have | shows t |in tha south cent in number the price paid the Like a score of other industries, the peanut business is taking leaves from the California and Florida books is preparing for a widespread cam- paign of advertising and publicity to imulate sales, provide new markets {and cut cost of distributing the crop. | The effect of advertising sequent broadening of mark on selling costs is amply exemplified by the recent report of the Snun Matd raisin growers. For 1 |selling a ton of rafsins 11923 1t was $3 | far, it has been cut to 81 cents. Communities In all sections are realizing to the full the value of ad- vertising. The business men of Phil- ladelphla dre taking active steps to make the products of that section na- tionally known,- and are spending money to do it. The Seattle Chamber of Commerce has appropriated nearly $100,000 for natlonal advertising next year. The organization feels that 1325 will be a record-breaking tourist year for the Northwest and Alaska. and 49 sellers per cent in —_—— Query the Promoter. Determine how much of his own money the promoter s putting into his scheme before you decide to risk yours. Don't take his word for it— make him pro Branch Office DISTRICT NATIONAL BANK Conn. Ave. and K Street doiy By St S Prompt Actlon First Mortgage Loans Lowest Rates of Interest and Commission Th . Fisher & C In omas J. F,:‘:L!m‘ompmy. c. "MONEY TO LOAN 5 1 /2 % Any Amount Apartment Houses Business Property BUILDING PROJECTS FINANCED FRED T. NESBIT Investment Bldg. Second Trust Notes Bought Qur clients are ready to pay cash for SECOND TRUSTS in any amount. The rates will please you if the security is sat- isfactory. MORTGAGE DEPARTMENT off In gross revenues gave concrete| 1408 G STREET N.W. Join Our Christmas Clob WE PAY 3% INTERESY Intermediate Credit Bank through fts | peanut | atlon is expected to benefit from | the foremost competitor of | sale | while conditions are | increased 220 per | and | and for this year, so | Money to Leoan Secured by first deed of trust on :eal estate. Pr'vllfllwlu it and comm.ssion. 420 Wash. L. & Trus Joseph 1. ! Blae. oh & F NW WE FIN2™'CE AP Business Frope ness ‘Reaidence Pro Hotels, Ete. Higbie & Richardson, Inc. 816 15th St. N.W. First Mortgage Notes ., Are the Most Satufutor¥ Investments or Safety and Income Call Our Loan Dept. N. L. Sansbury Co. Inc. 1418 Eye St. N.W. Phone Main 5904-5 Realtors “When Buying” Our 7% First Mortgage Notes ~—7your {nvestment is secured on carefull Seleoted Lmproved. properiies and pissed an & sound, conservative valustion. Notes Bow available in amounts of $100 up. Apply Loan Dept., Mr. O'Donnell, Mgr. Chas D. Sager a6 Realtor Main 37 924 14th St. N.\W. o " 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 will Iy Is that you ve it on deposit in a sav- Ings account for one year and pay us back ten dollars a month. Your one-hundred-dollar invest. ment will bear interest at 4% pe: annum, compounde’' 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 3 p.m., except 1st, 2nd, 15th, 16th, 17th and last day of each month, 8:30 a.m. to 6:30 p.m. Saturdays, 8:30 a.m. to 1 p.m. THE DEPARTMENTAL BANK “YOUR BANK" 1714 PENNSYLVANIA AVENUE N.W. Under United Gtates Government Bupervision FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13000.000 1315 F ST Jonw POOLE Paseem Salesmen Wanted To Sell INVESTMENT TRUST PARTICIPATING BONDS Present Dividend Yield About 6% The ten common stocks seouring these Bonds have been selected on the basis of stability, successful history, long dividend Tue , and market " ible enkancement 1 Motors Corporation Westinghouse Electric & Mfg. Co. Endicott-Johnwon Corporation. he Texas Company el Corporation Amerfean Telephone & Tele- graph Co. Southern Railway Company Southern Pacific Company The Ame obacco Company 1 will represent 4 ownership interest whure in each of 1 A wnd deposfted in a National a8 security for the stocks underlying this investment. Tocal acquaintance, character and in. dustry more essential than experience. A permanent aud paying comnection can be established by those with nec- essary qualificatio FINANCIAL Dean, Onativia & Co. Stock Exchange Building New York STOCKS and BONDS COTTON GRAINS COFFEE SUGAR MEMBERS New York Stock Exchange Chicago Stock Exchange New York Curb Market Association N. Y. Cotton Exchange Chicago Board of Trade N. Y. Produce Exchange Minneapolis Chamber of Commerce WASHINGTON OFFICE Main Floor, Woodward Building Phone, Main 2040 JoH CALLAN O'LAUGHLIN, Manager Address Box 146-C, Star Office Is Here— Just a Word, Please— Don’t Spend’ It All, Even For “Legitimates”— Commence Now To Lay the Foundation For Independence— Start Buying First Mortgage Notes— You Can Begin With $10.00— They Pay 6,%,— No Risks— No Losses— No Depreciations— No Delays. Mortgage Investment Dept. HANNON 713 & 715 14th St. N.W. Main 2343 Transportation Building 17th and H Sts. For Rent OFFICE ROOMS Single or En Suitc ‘No Dark Rooms One Large Suite Now\Available Six Rapid Elevators, 24-hour Service Apply Randall H. Hagner & Co. 1321 Conn. Ave. Phone Main 9700 MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST %o Interest Compounded Twice A Year Grows Mighty Fast Christmas Saving Checks aggregating about four million dollars are now being distributed by the Wash- ington Banks. The larger portion of this money will be spent for presents. We suggest that a most appro- priate gift to each of your children would be opening accounts with this Asscciation for them. There is no such thing as chance success. The first step must be in the direction of thrift. Start a small account for the kiddies and encourage them to add to it regularly, and you will have instilled in them that spirit of thrift which later in life will lead them to Success. One Dollar or more will start the thrift account. COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W. Under Government Supervision SAFETY Our offerings today represent the safest and most productive FIRST MORTGAGES —available. These mortgages vield 6% %, and are secured by the land and buildings in Washington. Century Without a Loss Call and let us explain how vou can build a substantial in- come through these investments. B. F. S$aUL C€CO. Main 2100 1412 Eye St. N.W. Over 42,000 Depositors Capital and Surplus $2.000.000.00 1If You Are Satisfied —to just “get along,” that is, merely keep your head above water, so to speak, THRIFT need concern you little. It’s. for men and women who want to GET AHEAD. T We are serving thousands who are serious about bet- tering themselves financially, and we will be glad to have you utilize the facilities and protection of this old bank. 1 PAY DAY’S here—start your account NOW. Deposits Invited in Any Amount; Same Rate of Interest Paid on Small and Large Accounts Open Until 5:30 P.M. Monday and Tuesday OFFICERS: WILLIAM D. HOOVER.......President : V. Pres. 24 V. Pres. _Trust Officer Treasurer Secretary Asst. Tr. Trust Officer . Trust Offcer DIRECTORS: Woodbury Blatr William D._Hoover James A. Buchanan Reginald 8. Huidekoper liam A. H. Church Victor Kaufmaca ter O. Clephane Charles Minshall H. Rosier Dulany. Jr. Edmund D. Rbeem Wm. E. Edmondston Frank Rtetson Fraoklin H. Ellls Fraok W._ Stone Frederick A. Feoning Willlam H. Walker H. Prescott Gatley Henry K. Willard National Savings & Trust Co. 57th Year Wao—? is at the Door Oldest Savings Depository in Washington Cor. 15th and New York Ave. i ‘ ERE you ever greeted at the door by a young man of attractive personality who was sent to you, so he said, to sell you some stock, which was to pay handsome dividends—to double your inceme? @ Be thoughtful of the security which has to be sold in this manner. The solid in- vestment does not have to seek the investor. @ It is our business to tell you what our First Mortgages are like and @ It is your business to invest in them if, when, and in the manner you wish. EM&HENSEY CO. 7 R E ngton.D. 55 Years Without Loss to An Investor.