Evening Star Newspaper, January 5, 1925, Page 26

FINANCIAL. . THE KEVENING STAR, WASHINGTON, D. (. MONDAY. JANUARY 5, 1925. FINANCIAL. PRIGES OF STORAGE | [ NEW YORK cure warKET | |BUSINESS REQURES s 7., TEXTILE MILL PAY e e SHARP DECLINES Received by Private Wire Direct to The Star Office Mk EGGS ARE RAISED) s memmens, v o v, ) MANY MORE ROADS) 22zt CUTS MAY SPREAD ™ = ===z, IN GRAIN PRICES sharcs Yelt profit-{aking selling more | BOTation to be formed by the General tin it 108 atenny Tiba of eten Basis Talk. than others in the Curb Market today, | ISlectric out of the Electric Bond and teady Freed-Elsemann had to abs. Share. At 82 they compared with the l‘mx e::lvhanbgol,l :h:cn (odu)" Mu;-hed By the Associated Press. Butter at Wholesale Also|ngavy scliin, but it did o wien Jitelo | Saturduy final of §8%. Selling in the| Fyery Section of Nation Will] §illi o ety feone Tooremore tne | New Bedford Likely to Follow | NEW YOREK, Janus seering | Heavy Selling in Wheat Also difficults o Stock had a depressing effect upon exchange today reac highest difficulty. In the afternoon the early depressing effect up gold standard at some future date, post-war price, i - loss w regained. DeForest, after|Public utilities generally, especially s . P t . = " . 2 < Higher Here—Meats 10 [brewkins™ =*‘oints, “cnapped’ back | Miadiewest Utiities and American| Need Big Loans in 1925. | und that e vist <o the United Fall River—Costs Wip- [openi: L ios 7 Cause Tumble in Corn and readily, while Hazeltine retraced | Power and Light. 'Km_"nnr s ‘M‘B“k‘"' Cneiann) t within 10 cents of parit Remain Higher. iost of the Lpolnt loas orithe mom: | e glis din Wettar than didimeat] & iifianiHnohlemitooms. 15 possibly connected therewiih. ing Out Profits. | fiers Was o seflectiofige an Oat Values. ing. Charles Freshman, In was | others, but there was not the sharp rlier advance in London, an in = gt ok ‘A Th i gl pased "y o T getively bought after carly selling | upbldding which charactertzed trad- he i m;rerrlii‘f:e;td?fi):nl: et et i the o = g o el & o] 23 Peen aibsatboq. con htelstetement ofi[lua INChlast weel: | BY. J. C. ROY from America and the continent. Special Dikpatch to The Star. L ar o atisten] e ania Prices of practically all meats were fof the president, (hat December gross| Utah Apex stood out strongly in Sehi Gold bars, which automatically de- BOSTON, January 5Tt seems al-| Inoreased last weel, and dealers o jsales greatly excecded previous esti- |the mining scotion, getting to a new [ Special Dispatch to The Star e o8 Aty e adonla e [ LEoRTON Jannery berit acena al 5 iz 7 ;}.n[urfe;;w;\.(“nl)““ll“l o ,fr,'."p‘.lf;”, mates. high record. a"‘\l"“\‘"c“"”“"‘I‘-m“"'fl‘lr,, & of| 874 an ounce, the lowest figure [close to textile circles, that the 10 BUYS UTILITY CONCERN. "J‘.T»’,',m;',:)'.' > oy Sf'(',m”'nm kin ey 75 s 5 2 g I y: ince the war. per cent wage reduction in the 1Pall i g SOOK Jret >4 taking advantage of the low 7 American life, are always in the bus-| &I 3 " NEW YORK, J " |opening. 7 considerable extent the price of pork, stored large quantities| \1;\\ \'m:‘r. January 6.—Follow- | iness background. But the lelgma» S — !'v::rx,;;rr\m‘lh, '_\lxl)‘n;nh‘ |]':~n'r;w 8 effectiva | S8 7 S l_’.-’r]\ 2 l"v' ""j "~ | selling was based on opinions current of the meat for the late Winter and |ing is an official list of bonds and s tures of various States are golng to J , W involve th ittt orporation of New [, ers tha early trade stocks traded in on the New York VG 51055 5 i drag them into the limelight just GRAIN DEMAND SLUMPS. :;rd mills ..|_wle 11..-”"“.;'””,\‘ one '\_“"'!;MH'} h,".\. ::urx'm; 100 per cent | 5 el Much small pork was stored tho[Curb market today : _|as soon as they get down to busi- — e St contas aodR S s e Cofteyillle nd| overdue. suppor past fow we is stated, raisers|sale BONDS. . 20% . ness for their 1925 sessions, throukh'| pyrther Sales of Flour iasla - 1 o a 1 i nmiil Killing young Bto ¢ the | thou % = Bise E legisiation affecting the motorist Flour to R manufacture of fino cottons, have|fifth public utility company taken|preak smoun a bushel. The Mgh cost f Su o icd Tackers 4 p 5 TOT0 Fana uiiaets COREARtING . WTER Ais Bagporied Tiove. previously reslsted the general trend |over in the pust few months. Others| opening, shieh hanged ' | fig 3 May 0 1.77 ¥ s 5 toward textile mill wage reductions. | recently acquired we he K k killing probably will mear I A consequent traffic accidents and ” pod a were the Kentucky e s o e AT R s ¢ A Qenths, has become & tremendous| The grain® market developed a| The curtailment of operations at|Securities Corporation, suthwestern | & B £ s 3 g i S ol by rather unsettled condition during the|Fall River in the last y was the [ Uttlities Corpora ¢ Tt s oid Hazelen ! More roads and better roads are|week ended January 3. states the De- | most scvere on record. Cost of manu- | Erie Raflroad Comp nd Canadian | rallies only tr Storag - 5 Rt Ails"5s 100 2 T ot B 6% being demanded In every section of | Partment of Agriculture in its weekly | facture there has been so high that | Utiliti ted EXpernl Eecelpty of corn had & b advant £ the re y D103 2 Int Conc Ind Corp 12% 25| the Nation and this has an imme- |review. The demand for all grains e the 10 per cent drop in raw ish effect on corn and oats. After : i e oo g 1 B bt the taxes which |became less active at the higher price | cotton in the last six months did not oDening at % to 8 off, May, 1.27% to teh pf_w . > corn market underwent e s p 2 ) 3 3 i R e level, while the mid-week holiday and | allow manufacturers to break even OPTI TIC 3 AUG & W Int Utilities B ... 4 | residents of each State, X the closing out of the December con-| Southern mill men contend anti- IS OVER 1925 mater ” 1 g Jon pa o st p! very . e . - al further decline 10 B HEE O 5 ¢ 8 6 et hiilons. or “dollars | tracts also contributed to the uncer- |quated machinery Is responsibla for| “Barrink Uifons Soccursengey P e e ; : v . tainty of the market. Prices at the|high costs in Fall River mills says_ Fresident W. L. Mapc | : P & lower, i Beth 5 3 e . 81| tied up in automobliles and highway the I - o to 60%. Additional losse 2la 8 o | close of the market on Friday were \e Louisville and Nashville r ; Ada Jsses e systems. Present methods of financ narket on Friday g b e e wealc, influc . 5o about 4c lower than at the close of ing new roads, motor patrols and po- = on the basis of the t situa- y cry n stocks of lar 2 b mu Cuain 'St e "Soeatation are Tnuaeqaate to | tho previous week on wheat, boit| MORE CROPS IN SOUTH. |4, s, besis ot the'exisiing situ e Cro rotect er the motorist or the 4 lower on co and 3 on oats. 3 o year, in y SeCrory Stores REUtactE dithes (Whe cmotorlsk and barley also followed the de- — opinion, may be cipated with S Moyt ron "1 | pedestrian. ine in other grains Diversification in Agriculture Pres- | Wholesome degree of optimism.” BUTTER PRICES LOWER Mid West U pr CHICAGO, January 5.—Butter on, o and|lowed b Y Middle West” Utils & Better Plans Likely. There were no changes of impo = Midvale Co 8 Tn the past development of high-[tance reported in the world mark ent 1925 Plan. Murray g ‘Wi ways has been somewhat haphazard | situation, but the rapid consumption | special Dispateh to The BRICKLAYERS TO GET $10. Nat Pow & L been somewhat unequally divided.|United States and Canada, has created N Y ele ‘Co pfd. 111 1 Permament plans for development and [ a generally firm situation in the mar- Nlek PU new wil. financing probably will be adopted[ket for bread grains. Export sales tion in agriculture will be more gen- | ¢ial).—Brockton brickl will re- eral in this sectoin this year than|c¢lve $10 for an eight-hour day in- N ever before, and there is a substan. | Stead of $9 as at present, beginning by many States within the next few | were of fair volume during the week | (1a] Industrial deselopment oo an- | Aprit 1 e and were sald to be about half of S Bistalintion o ol Bond tssues, it is pointed out by|Canadian and half of United States|eiectrss maniation of cheap hydro oconomists in many sections. cannot | grain. The exports from the United | apiles ann neaches wi s olcallts: be retired fast enough to keep pace | States for the week were around 2,- | SPPaeS AR Peaches will be cultivated with the demand for new highwa 000,000 bushels, and further sales of [ Coiton 15 not sikers to snom oy OP® and replacements. Sparcely pop-|flour were reported to Russia. This S (C0SS 0, £ny, de- : : ) crease in acreage, et-up in in- Fee ulated areas in many States are look- | was principally of Canadian flour, | femsive cutirensin T (0, 1 | ud Eub Co X0 5 ing to the State authoritles for ald. however, and sales of American flour | more jabor Availonie for: farma. g ituts Mol s 3 a'i: | Populous sections declare an undue |have been rather slow B s uablel, arm a | IR : proportion of taxation is being borne A g g veen proved to yleld a|, The textile industry here Is show- by them tn arked | v. a e e ing nst | return equal to that of the best a = e IAprONeenG: and now; 0il companies are fighting against A0 ts are * befug profealen Ti. 1. 2 ’ Thoup Ka € v ¢ cfs asoline. tax and the automobile |most conservative industrial invest- |P emer Mgl are opposing excessive burdens be-[State and local bonded debt of the [have profited largely by recent sales 2 United G & E new. 3 5 | ing loaded on their shoulders. These [country has been incurred for road |Af St prices, ading large stoc Un Lt & Pow A.. 00% 3 are all questions which must be set- | bullding, but this has yielded a direct | °f C}Othing. P& LA tled, at least in part, by the State|return to shippers of merchandise, 3 ; pigs. . 1 3 3 : —e———— i b Sun’ O s : o U oeuaey cue ot Sty it oins the opening of new ‘areas to cunti-| RATES ON BAR SILVER. / O Funds may be secuted at 1 Vegetables. 58 K ‘ 4 RS S ks S pAon tand’ theiHeassntng fcostwioc|||uieel Ee i g a moderate rate of inter- ot Tey t on fruits 2 w sk Co = g 5 Anspe el s arket. i O - er, . 2 piled by t ) 7 & e # Ward Bak Co pf .. State and local taxes have iIn-|" Novertheless the farmer has car-|%8% : Mexican dollar - est ana with a minimum ile e Ware Hagio Corp.: 5 2| creasce messly 18 cent since |, Mevertheles ; | / hdihs thsuch 3 Western Power ... 38 71 87| 1923 but in the same period Federal Western ower bt 86 5 ax burden. Taxes on |~ the average farm in the last year| taxes have dec per cent, and Wick Spen St n vt 4% absorbed nearly 17 per cent of the 3 Yel Taxi Corp A 3 214 |the National income has so Incressed |, . farm returns, according to the i n that time fhat the Smenut of 1| gouss-Rosbuck Agrisuitural Ponnds. 5 e (Gt D e nene s svery ndi, | ton, which bases thia atatement on BAET % G B o s e st | e I administration ed, that {ous sections. Taking Indiana as a SHANRARD I TR %t Though : But thera is aiso evidence that State, | (2% dollar was spent for the support RESBURCES $13.000.000 417K S Mai 1o Am 01 0 F County and municipal taxes must in: |Of education, 2.8 cents for highway treet ain 9300 E 3t L g 6 creasa to meet new demands. e ""‘(":":';‘\:::;Hmn‘ve and the QIS F ST T nerease has been continuous|T€ - el al costs of Gov- sml:»“-iflv-lr- in “y),r«n vear State and|€rnment benevolent institutions and Jonn PooLE Pmem local governing bodies borrowed|miscellaneous expenditures i $691,000,000, In the first 11 months of e i - el this sum had increased to T ; 33 |51.259.000.000, with corresponding ad- y Copper Corp % | vances i tax payments. The ques- Lone Star ........ .08 .08 .08 |tion in 19256 will be, not how much e e the traffic will bear, but how much Mobican Cop . . 3 trafic. will demand. ch section 1300 Obig i e National Tin ' 2 must determine on the basis of its Ll S -'.EN'Y el own financial standing just what Sl ORRon e 100 215 1 o : additional sums may be borrowed upplies moderate; de- i o et Eometh N Good Tonds Yield Pront. Condensed Statement of Condition There is small doubt that this bor- rowing and consequent expenditure THE COMMERCIAL NATIONAL BANK RSN R EUE IEmEeT N [ FIRST MORTGAGES ingt 5 : o G Bu| Bt | FOR SALE {7 A December 31st, 1924, DENT OIL STOCKS. i Wenden ‘Coppes <. 2% 1 % Trenden Covpes - 42 ‘ 6Y2% | THE TYPE OF SECURITY 5 5 ‘ CONS ERVATIVE W YORK, January 5.—Direc- INVESTORS BU tors of the Mugma Copper Company | IN DENOMI RESOURCES authorized an increase of 60,000 E? 1 ST Cash, Legal Reserve and Due From Bank ceeeeee. $2,628.80053 es in the company's capital stock | total of 410,000 shares. Stock- . who will vote on the pro- | JAIVIB F. SHEA Overdrafis \.. . o in DS e TR 157971 posal on January 26, will be given the | Tosas e D i right to subscribe to the new slm'l\i 643 Louisiana Ave. N.W. = 2 &2 a share Less Unearned Discount and Interest. . 44,791.62 7,576,517.01 U. S. Government Securities. .. $2,559,995.45 Stockejandt Bondsavu.odsiion - - 242266645 EASURE TRACKERS 4,982,661.90 Customers’ Liability a/c Acceptances Accrued Interest Receivable. io. - .S mcensovesnssssossioass Banking Monsersiin. oSl DOn i Sl e v $168194501 Furniture and Fixtures..c.coe.ccomoesasssassaaes 6175448 Other Real Estate s .« 2902242 1,772,723.81 Al P & L %o 6% Al Superpower B 543 $17,081,106.12 = : . LIABILITIES o Blepasits s o R e e $14,052,818.25 Bills Payable' cooiicistiiiae S None l HEN, in 1518, Cortez set sail Rediscounts ........... s . 40062771 fowMexica in quest of treas- Circulation «.......eviiiniiann., . e "“f.\S(‘)0.00 ure, organized pillage was the recog- Acceptances o - 5203223 nized road to fortune. In a year and Reserve for Taxes, I g i 1*.339464 a half from the time he left Cnba's Capital Stock, Surplus and Undivided Profits.............. sone 143773329 shores, Cortez’s band of 250 loot glutted adventurers dominated a cowed Montezuma and a whipped Mexico. $17,081,106.12 Increase in Deposits Since Previous Published Statement, October 10, 1924. .. ... . $620,009.52 Today, industry and intelligent plan- Increase in Deposits During Year 1924....... < cevee.. $1,693,147.95 S s | s pe 1 Co Ve ning for _avguaranteed income from “PERSONAL SERVICE” is the answer to our growth in deposits. We frequently receive Called Out of Line With Increased| 1's Dl e r safe securities have replaced plunder letters reminding us- of this fact, and take pride in quoting from one received during the past Listings and Banking and e ik o and carnage. The reasons why men week from one of the city’s large corporations, as follows: Commiereial ‘Grosin Pl S and women from all walks of life in- Tont, Motors.o. b vest their savings in First Mortgages s Ca East e ¢ 628w at 675% through Swartzell, Rheem “On behalf of my Board of Directors I desire to express to you our appreciation MONEY TO LOAN & Hensey Company are the extremely of the service you have accorded our Company throughout the vears of its deposit in your - Any Amount high factor of safety they afford, bank, * * * the pleasure is mutual and will not be forgotten when the opportunity pre- I5 1/2 Apartment Houses the attractive rate of interest sents itsclf for advising clients as to the institution possessing a personnel that is so | ; O Business Property they bear, and the time-tested willing to assist in solving the perplexing questions that arise tn the conduct of financial i BUILDING PROJECTS FINANCED lntegrlty Of thi: Organlla- fra”.fuftifl”«fi” FRED T. NESBIT tion behind them. Investment Bldg. Main 9392 e s Commercial and savings accounts of corporations, firms, individuals and fiduciary officers Washmgton Money | solicited, to whom we will gladly extend our facilities for “Personal Service” at all times. for Washington People ||! Everything Financial Resources Over $17,000,000.00 T SWARTZELL RHEEM HENSEY Co. s L1, - R. Golden Donaldson, President. 6% and 6'2% S T 5 Seel. W Wanted . ashington.D.C. James B. Reynolds James H. Baden Laurence A. Slaughter First Mortgage Applica- = Vice President Vice President and Cashier Vice President . - tions on N.W. Property Hayden Johnson, General Counsel and Trust Officer PARIS BOURSE STEADY. | Apply Loan Dept. S 2 *. L. O'Donnell, Mgr, ric v « T i s |- Chas. D. Sager ,, char Realtor 38 924 14tk St. NJW,