Evening Star Newspaper, December 18, 1924, Page 29

FIN TURKEYS RUSHED 10 LOGAL MARKET Chickens Cheaper Today. Beef Unchanged—Vegetable and Fruit Review. Thousands of turkeys, both alive and dressed, are In express cars, motor trucks and horse-drawn vehicles, speed- ing in the direction of this city to provide Christmas dinners for prac- tically the entire population and tran- s who happen to be here. It is hard to realize that Christmas is only one week off,” was the comment of a poultry dealer this morning. “There been virtually no Christmas weath- . and nothing suggestive of the fes- season other than displays in stores and Christmas greens and tur- keys about the markets.” Turkey prices this morning were tae e as those quoted yesterday. In- d receipts of the king fowl are keeping the dealers busy, live turkeys having to be carefully fed and looked fter, but dealers believe the increases vill not have a tendeney to,lower the market to any appreciable extent. Chicken prices took a drop this morning, but the drop was not suf- ficiently large to put the poultry in the way-down-cheap cla: Today's Wholesale ¥ Fancy ces. Butter tub, 47a30; prints, lected, candled, 58a 55 cases mild cream, a vosters. : ducks, 16 per ung, 50a70 each, Spring chick- : Toasters, 5; turk ducks, fowls, 70a80 each; pons, 40245, Live stock — Calves, choice, 10al1; thin, 6a7; live hogs, 11al2. 12a15; vel, 11ta; lambs, 18, and Vegetables ana ¥ Today's market report on fruits and vegetables (furnished by the Market Service Bureau of Agri- cultural Economics) says: Apples—Supplies moderate; demand moderate, market steady; barrels, Maryland, Virgini West Vir. ginia A 2% inch, taymans, 5.50 mostly around, 6.00; Yorks, 50; mostly, 5.00; Delicious, .00; New York, A 21 Hubbardstons, 5.50a6.00; up, K aitn. Bushels | $ various | -Maryland and Virginia, \arfeties unclassified, 1.00a1 Onion Market Firm. Lettuce—Supplics moderate, crate 3.50a3.75; Florida, ton type liveral; market steady; California, lceberg type, 4adl: dozen, dozen, 3.00a3 bushel hampers, Big Bos t. mostly, 1.75; few, 2.00; a1.50. iies moderate; demand s firm; New York and 100-pound sacks, Yellows, U. S, medium 1o large sizes, mostly moderate; de- te, market steady; New . 150-pound sacks, round whites, United States No. 1, mostly 2.00 per k. Michigan, 150-pound cks, Rus- t Rurals, United States ) a2.15 per sack; few higher. Other Prices Today. Tomatoes—Hothouse gupplies light; Florida supplies very light; demand moderatq, market firm; Ohio and Illi- nois, kets, hothouse me- dium small sizes, 2.50. Florida, no sales reported. String beans—Supplies very light; demand good for good stock, market steady; Florida, 7%s-bushel hampers, fair quality, 5.00a6.00 Squash—Supplies light; demand moderate, market firm; Florida, pep- per crates, 5.50a6.00. Washington Stock Exchange Mones—Call lo d 6 per cent. BONDS. Bid and Asked Prices. “® PUBLIC ETI.IT)'. American Tel. American Tel Am. 7 i & Telg & Telg el. ctl. Alex. & Mt L Alex] & Mt Wash., Balt Washington ¢ Washington G Wash. Rwy Wash. Rwy. & ge MISCELLANEQUS. per Mfg. 6s.. R k. 100, Mk, Wash. W lec D. C Pot. It Riggs Realty 5 5 Wardman Park Hotel 6s.. STOCKS. PUBLIC UTILITY, American Tel. & Telga Cupital Traction.. Washington _Gas. Norfolk & Wash. Steambout. . R National Capital. Columbia Commercial . District . Farmers Federal Liberty Lincoln J.ioiieris National Metropolitan TRUST COMPANY American Security, & Trust.... Commerce & Wash Neventh St United State Washington American .. Corcora Firemen' XNational Columbia_ Title. Real Estate Titie. MISCELLANEOUS. Merchants' Transfer, & Sto National Mige. & In 014 Dutch Market com. Old Dutch Market pfd. Lanston Monotype. Security Storage. shington Marke! Yellow Cab. *Ex divi demand | ANCIAL. Received by Private Wire BY WILLIAM F. HEFFERNAN, Spectal Dispateh to The Star. NEW YORK, December 18.—Curb |atacks were pushed forwara with re- newed vigor and the usual daily new high records reached in the aetive leaders among public utilities and radio shares. The demand for Ameri- can Power and Light carried the price to a new top above 57. Adirondack Power responded to the favoralle re- port recently published and Western Power gained more than 5 points. NEW YORK, December 18.—Fol- owing Is an official list of bonds and stocks traded in on the New York Curb Market today: Salex in thousands Allied |1 Al Go& W IS 8 Teaverbonrd_ Sx 4 Beth Steel 7x Boston & Maine 6 Can Nat Ry 7 1 Chie T 20 Chilas Sta' dx W Co 6 | 1K | i 1031y o815 1037 105 0314 4% 8%, 195 ! Swift & o i Un BIT, & 1 i Taited Drug Co | Unlon O, i Tut Ry of flav | Yacuum 011 3 ! Webster Mills 65,0 1017 ! FOREIGN BONDS. of logota s... 9% 13% 1001, S o101 100% Sife Enre 5 Gal Sig Ol pf 00 Humble 0 & R. HOLIDAY GROGERY TRADEBIOIAC Higher Prices This Year for Canned Goods—Bonus Payments Factor. BY J. C. ROY Special Dispateh to The Star. NEW YORK., December 18.—The grocers are not going to be left be- hind in the Christmas trade proces- sion this year. They are “putting up the front” and opening up the rear doors in preparation for a tremen- dous business. The grocery stores this season have more attractive yindow decorations than ever before and their volume of business has been spurred rather than checked by ad- tvancing pric, necessitating, con- stant renewals of stock One of the chief char: the season, the grocers tendency of the housewife to buy in | smaller quantities and more of the | package goods on which the margin of profit is excellent. The undoubted increase in demand for canned gaods also has strengthened the grocers’ position. There was a shortage of new pack fruits and vegetables and this caused decldedly higher prices. Tomatoes, corn, peaches, apricots and berries were the worst hit and pack- ers were able to deliver only 40 to 50 per cent of the contracts in some cases. Prices in consequence ad- vanced almost to 1918 levels. Other Foods Higher. Dried fruits were similarly affected and the shortage of tomatoes caused catsup prices to advance. Spices, ex- tricts, olives, pickles and nuts hav jumped in prices, while breakfast | foods and cereals are starting up- ward in response to higher grain . I prices. | "In the department stores all over the oountry, stocks of goods, includ- ing stocks of patience and politeness on the part of the sales forces, are | meiting away under the onslaughts of buyers. Filling-in orders are be- ing expedited by express and parcel post, but the rush has been such that | many buyers have been disappointed in certain lines. This disappointment does not appear to have extended to the clerks in many stores, who seem to take a rather keen delight in an- nouncing to customers: “Oh, we quit handling that nearly a week 'ago.” Bonus Checks Malled. Distribution of cash presents and bonuses to employes probably will be heavy in the financial districts. Brokers and security dealers have had a big year, with a flood of busi- ness at the end of it caused by sen- sational trading in stocks, bonds and grain. JThe banks also have been prosperous, and may be counted on to pass around considerable sums to em- ployes. Checks have already been mailed employes in some instances. In dis- tributing those for his company, con- sisting of 2 per cent of their salaries, to all employes for the year except the high executives, E. S. Phillips of the Devoe and Raynolds Com- pany, the oldest American maker of paints and varnishes, sald: “We do not feel that a formal system of profit-sharing can w ork out with Jjustice. Yet we do feel that the em- ployes should share to some extent in the success or fallure of- their company. Buying has been simplified by Christmas savin; totaling many million dollars by banks all over the country. This early dis- tripution is counted on to obviate some of the strain and stress of the last week for both stores and custom- ers. increased and — What Experts Buy. Trained investors always buy se- curities that have a substantial loan value. One of the surest methods of determining the value of any stock Is to seek a loan on it. If your banker declines to consider it as collateral you can rest assured its marketability does not amount to much, NEW YORK CURB MARKET Direct to The Star Office Persistent strength of the radios reflected a better public appreciation of greatly increased earnings of these companies and the possibility of divi- dends. Ware, Hazeline and Dubilier went intc new high ground, while Freed . Eisemann gained o two points. The advance kept on in such recent favorites as Goodyear Tire common, Lehigh Valley Coal certificates, Hap- piness Candy class A and the oils came in for more attention at im- proved prices. ————————————— e 180 Imip Ol of 13 2% 200k D I, i 1400 Magnolia Pet . Nat Transit rthern P L. OIL STOCI Adirondack Power.. Allied Pack pr pfd 8 Am Cot Fabric pfd Am Pow & Lt new Am Superpower Am Superpower R Am Foreign Pow wi lac Tow & Lt reh Daniels Mid reh Dan Mid pfd Arizona Pw & Lt uit Cent Teresa pfd. 5 Centrif Pipe Corpn. Chatterton & Son.. mon Tow Cor., 1 Pow Cor pt tjak A 2 cont Bak B0 Cont Bak pfd n Rad v t Doeliler Die Cast Co Dubiler ¢ & Radio 1 orated Metals § a2 P azeltine Corp ... Tmperial Tobae " .. Intl Contl Rubber.. Intl Co Tnter-Ocea i Jones Radio Lehigh Power wec | T PR Mesahi Iron........ Middle West Tril Sleeper Rad o C & I Southeust 1 United Lt & United Pft Shar P Wickw Spen 8t Co Yellow Taxi Co NY 17 MINING. 0 ill_Div ' 10 Hawthorne Min inc 1 Hollinger 147, op .. mac Porc Plymouth Le Premier Gold Min, a4 H il B, 1 5 Tonopah Exten 2t nited Eastern Min .38 Bxt.. 28 nited Verde Trust. West Util pfd. Y Air Brake. % lexchange officlals, % FRED T. NESBIT SEEK T0 PREVENT | CORNERS IN STOCK Officials Recall Piggly and Stutz Cases—Brokers Hint of Crash. By the Astociated Press. Y NEW YORK, December 18.—Forti- fled by the increased authority grant- ed to them In recent months, stock while unable to prevent the manipulation of stocks by speculative cliques, ported to be closely watching the trading in those issues which recent- ly have been subject to violent fluctu- tions in order to prevent a possible “corner” such as was engineered in the Stutz and Piggly Wiggy issues, or a drastic collapse, which usually follows excessive * speculation in stocks whose Intrinslc worth has been great overestimated. Nearly seven weeks of steadily ris- ing prices, during which both the raliroad and industrial averages have been lifted about 11 points without & break of any consequence, and almost unheard-of developments in recent stock_exchange history naturally have caused conservative brokers to sound A note of warning against exceuslvey speculation in stocks. While many brokers believe that the peak of the bull movement has not yet been reached, several recent market letters have expressed the opinion that the market is in a tech- nical position where a decline might | be in order and that it is likely to come with startiing swiftness LAST QUARTER BEST. BALTIMORE, December 18 (Spe- clal).—Industrial leaders here, with a few exceptions, are well satisfied with business during the last three months of the current year. While volume will not set a new high record, it is o much better than it was during the preceding three-quarters that they find substantial reason for feel- ing good. STEEL PRICES ADVANCED. NEW YORK, December 18 —Prices of heaevy smelting steel in tHe Chi- cago district advanced 50 cents, to a new high for the year today, the new quotations being $19 to $19.50 a ton. "MONEY TO LOAN 5 1 /2 % Any Amount Apartment Houses Business Property BUILDING PROJECTS FINANCED _Iavestment Bids. _ Mais 9303 FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13000.000 “When Buying” Our 7% First Mortgage Notes T {nvestment is secured on carefully selected improved properties and plszed en & sound. conss: valuation, sew available in amounts of $100 up. Apply Loan Dept. Mr. O'Donnell, Mgr. Chas D. Sager Realtor 924 14th St. N\W. DAYS MORE —and 1924 will be gone Why not resolve to start 1925 by joining the ranks of the CONSERVATIVE INVESTORS and i Xour funds i {ORTGAGE NOTES. Your money will be safe, pay you a liberal return and relieve you of all worry in the future. ASK FOR BOOKLET Mortgage Inve:stment Dept. HANNON_& LUCHY] 713 and 715 14th St. N.W. Main 2345 Made Now K MITH BONDS sct a definite safety standard by which you may be guided in investing your January funds. For more than half a century our first mortgage investments have main- tained a record of no loss to any investor. Make your selection “of our 7% First Mortgage Bonds now and arrange for payment at any time in Jan- uary, either outright or un- der our Investment Savings Plan, Call, write or telephone Main 6464 for descriptions ?; current offerings paying ..\ The F. H. Smith Co. Founded 1878 FIRST MORTGAGE BONDS ith Building. 815 Fiftesnth St. .ELFE ANNUITIES Older and Yeunger Ages in Propo: NA.'%‘ ELLSWORTH, Money to Loan First Mortgages 5% amemns Apartment Houses * Business Properties McKeever and Goss 1415 K St. Realtors M., 4752 MSM deed of trust on 7eal estats. t and 3 ler $5.755 5§ %t FIRST MORTGAGES FOR SALE 6%2% THE TYPE OF SECURITY CONSERVATIVE INVESTORS BUY IN DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. FIRST MORTGAGE NOTES FOR SALE IN BENOMINATIONS OF 500 DOLLARS AND UPWARDS Rl H Hgren ¥ 1821 Connecliont SHnenecs We Have A Special Fund of $500,000 To Loan On District of Columbia Real Estate As an Entirety Or in Sums of $1,500 and Up at Lowest Rate of Interest Stone & Fairfax REALTORS “Over Thirty Years of Real Service™ 1342 New York Ave. N.W. ond rust Notes Bought Qur clients are ready to pay cash for SECOND TRUSTS in any amodnt. The rates will please you if the security is sat- isfactory. MORTGAGE DEPARTMENT HANNON_& LUCH 713 and 715 14th Street N.W. Main 2345 What Is Your Investment Plan for 1925 ? AR after year, Swartzell, Rheem E Y & Hensey Company’s First Mort- gage Notes have demonstrated their ster- ling qualities. The owners of our Notes have enjoyed the advantages of safety, prompt payment of interest, and freedom from worry. Did your investment experiences in 1924 fall short of such a satisfactory rec- ord? If so, you may get maximum re- turns in safety during 1925 by placing your funds in our FIRST MORT- GAGES—the type of investment which is the cornerstone of banks and insurance companies. Oldest National Bank in the City Santa Claus Is Wise —when he bestows such an eminently practical Xmas present as a Savings Ac- count upon a boy or girl. It'll grow along with the recipient, and amount to a helpful sum by the time there’s a col- T i e These Notes are available in denomi nations of $100 to $100,000. fXmas Savings Accounts may be opened with as little as One Dollar. Call or Write for Detailed Information SWARTZELL. RHEEM & HENSEY (G ashington.D.C. 7 Xmas Moncy Cabled to Europe and Elsewhere. Nati(mafl —110 Years Old Metropolitan Bank 15th St., Opposite U. S. Treasury 55 Years Without Loss to .In Investor. “As all of these bonds have been subscribe for, this advertisement appears only as a matter of record” $50,000,000 Kingdom of Belgium EXTERNAL LOAN THIRTY-YEAR SINKING FUND 6% GOLD BONDS Dated January 1, 1925 . Interest Payable January 1 and July 1 Due January 1, 1955 NOT REDEEMABLE PRIOR TO MATURITY, EXCEPT FOR THE SINKING .FUND In the loan contract, pursuant to which these bonds are to be issued, the Kingdom of Belgium covenarts to pay as a sinking fund, $1,667,000 per annum, payable in equal monthly installments, beginning February 1, 1925, such amount being sufficient to retire an- nually one-thirtieth of the entire issue at 100%. Such sinking fund payments are to be applied to the purchase of bonds, if obtainable at or below 100% and accrued interest, or if not so obtainable, to the redemption of bonds, called by lot, at 100% and accrued interest, such interest in either case to be paid otherwise than out of the sinking fund. The bonds are to be redeemable at said price for the sinking fund on January 1, 1926, or on January 1 of any year thereafter. Coupon bonds in denominations of $1,000, $500 and $100, not interchangeable. Principal and interest payable in United States gold coin of the present standard of weight and fineness, in New York City at the offices either of J. P. Morgan & Co. or of Guaranty Trust Company of New York, without deduction for any Belgian taxes present or future. J. P. MORGAN & CO. AND GUARANTY TRUST COMP ANY, OF NEW YORK, Fiscal Agents. In connection with our purchase of these bonds, M. Georges Theunis, Premier and Finance Minister of the Kingdom of Belgium, has addressed to us a letter dated December 16, 1924, with reference to the economic and financial situation of Belgium and the steps taken to secure budgetary equilibrium. Copies of this letter may be obtained at the offices of the undersigned. The above bonds are offered for subscription, subject to the conditions stated below, at 87'/,% and accrued interest, to yield 79, to maturity. All subscriptions will be received subject to the issue and delivery to us of the bonds as planned, and to the approval by our counsel of their form and validity. Subscription books will be opened at the offices of J. P. Morgan & Co. and Guar- anty Company of New York at 10 o’clock a. m., Thursday, December 18, 1924, and will be closed in their discretion. The right is reserved to reject any and all appli- cations, and also in any case to award a smaller amount than applied for. The amounts due on allotments will be payable at the office of J. P. Morgan & Co. in New York funds to their order, and the date of payment (on or about January 5, 1925), will be stated in the notices of allotment. Interim receipts will be delivered, pending the preparation and delivery of the definitive bonds. ; J. P, Morgan & Co. First National Bank, New York Bankers Trust Company New York Mechanics and Metals National Bank, New York The New York Trust Company Harris, Forbes & Co. Lee, Higginson & Co. Dillon, Read & Co. Halsey, Stuart & Co., Inc. First Trust and Savings Bank, Chicage Illinois Merchants Trust Co., Chicage Continental and Commercial Trust and Savings Bank, Chicago Central Trust Company of Illinois The Union Trust Company of Chicage Pitesburgh New York, December 18, 1924. Guaranty Company of New York The National City Company The National Bank of Commerce, New York The Equitable Trust Co. of New York ’ Kidder, Peabody & Co.