Evening Star Newspaper, January 16, 1925, Page 29

FINANCIAL. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office’ BY WILLIAM F. HEFF NEW YORK, January 1 €d falling off in the volume of busi- ness was noticed In the curb deal- ings today times the market was dull compaced with recent stand- ards. Despite all the optimistic re- Dorts concerning the outlook for the ©ils these sharcs were at times offered frecly. Red Bank at 26% reacted al- most 2% points below the previous final. Offerings made _themselves felt in Kirby Petroleum, New Mexico @nd Arizona Land, Mutual and in a number of active standard issues. anc The greatest activity took place in the radio group. Although profit- taking sales were heavy, those back of the rize supported their favorites th the utmost confidence. the latest: addition to the established a new top, where well above the price at which as offered for public subscription. The rights to subscribe to the new Dubilier condenser stock expired after the close of business and trad- Ing in the old stock also ceased. Paige-Detrolt Motors was an ac- tive leader of the motor group, al- though the price was little changed —_— NEW YORK, January 16.—Follow- ing is an official list of bonds and stocks traded in on the -New York Curb market today: 2:15, ed Packers &s.... w '83.. m Hard Gl q WSS o 2 Atlantic Fruit 8 Ine 1 Benverbonrd : 4 Beth 1 Munitoba Tow & Mor Lago Pet ... 20 Latin Amer Oil 1 Margay Oil 10t © New Rradford 0! 19 New Mex Land 1N Y ol 2 223, 110% r Rad ¥E tr et Die Caxt.. 1 & R onew wi 3 & Rudio. 14 Duz Co A : 2 East Pean Ele GRAIN AND PROVISIONS. BALTIMOR January clal).—W 16 broccoll and kale, ussels sprouts, quart, ton, 28.00230.00; : 1.00; 100, cauliflowe , 2.75a3.00; 1.5044.00; eggplants, lettuce, basket, 1.25a 100 pounds, 3.00a3.25; 100, 7.00a8.00; parsnips, peas, 4.00; peppers, crate, 4.00a; bushel, 1.25a1.5 sh, crate, 4.50; to crate, 2.50a5.50; nips, 5.00a7.00; 4.00; onions, tur- barrel, 3.00a7.00; anberries, box, 5.0 box, 1 anges, box, 3.0023.50; strawberr quart, 30a45. Selling Yrices at Noon. Wheat—No. 2 red Winter, spot, ex- 1.89%; No. 2 red Winter, spot, domestic, 2. No, 2 garlicky, domestic, 2.02%; No. Winter, garlicky, no quotations. Sales—None. Corn—Cob, new. 5 rrel; port, 3 red vellow, spot, 6.25a track corn, yellow, 67 per Lushei, No. 3, Rye—Nearby, 1.25a1.40; No. 2 rye, spot, 1.58% Hay—Receipts, 93 tons. For the better grades of timothy and cholce light clover-mixed hay there is a fair demand at full quotations, and the cupply of good hay is limited. Low grade and inferior hay Is draggy and of uncertain value. Quotations today—No. 2 timothy, 20.50a21.50; No. 3 timothy, 17.00a19.0 by 1 light clover, mixed, 19.50a20.00; No. 2 clover, mixed, 17.00a18.00. Straw—No. 1 wheat, 12.00a13.00 per 10n; No. 1 ondy 13.00a14.00 per tan, red Winter, | 15 Freed Eise Rad Co 6 Garod Corp ....... 17 Gillecte 8 X v Happine Hazeltine Corp Heyden Brwlematian 58 S ool 0 Mengel Box Siddle West Mohawk Co . » " FdaS But & P pf Reid 1°C Repetti 2 Reo Mot 2 Cor 'tr ot < el P on ovte Sleeper R €0 c0 So € & I ne e Southwest Bell ptd Staud Pub Co A.. 1 Stuta Motor Swift Tatl ....... Swift & Co... § Tenn Elec Power Thermiodyne R C Thompson R € Tobac Prod Ex 8 Wickwire Sp SC wi Yel Taxi Corp N Y MINING. rizona_Globe Cop ilver 3 1td ind.. 4 Zone Harmill_Div Hecla Mine ... Howe Sound Independence Lead. Jerome V. Devel 9 Jib Cons ... E Kay Copper Corp Knox Divide ..... Ipissing 2 Ohio Copper 10 Parmac Por M Ltd .4 20 Plymouth Lead 3i.. o Premier Gold Min. 3 12 Teck Hughes.... 1 Tonopah Extens. CHICAGO Ufi STOCK MARKET CHICAGO, January 16 (United States Department of Agriculture).—Hogs— Recelpts, 68,000 head; very active, 15 to 25 lower; medium and weighty hogs showing most decline; top, 10.70; bulk, desirable weighty butchers, 10.30210.65; most 200 to 225 pound averages, 10.00a10.25; desirable 160 to 180 pound kind, 9.50a9.90; shipping demand for pigs and light lights broad; most strongweight slaughter pigs. 7.00a8.00. Cattle—Receipts, 6,000 head; mar- %et practically at standstill on beef steers and yearlings; fair proportion of good cholce steers without bid; bulk on offers eligible to sell at 8.00a 10.00; shipping demand very narrow; Iiberal holdover from Thursday; she stock moderately active; steady; bulk butcher cows, 4.00a6.25; heifers most- calves steady ‘to 25 packers paying, 10.50a11.50; outsiders, 13.00 for shipping selec- tions; buils weak; stockers and feed- ers slow; steady. Sheep—Recelipts, 12,000 head; dull; early rales fat lambs unevenly steady to 25 lower; most decline ap- parent on half-fat kind; early bulk, 18.00a18.5 early top, 18.75; best held higher; fat sheep generally steady, with some weaknesses noted on heavy ewes; early sales, 9.90a10.25; no cholce lightweight ewes offered; late Thursday ewe top., 11.00; feed- ing Jambs strong to 25 higher; de- mand activ 16.50a17.00. OIL STOCKS IMPROVE. NEW YORK, January 16.—Advances in gasoline prices and the drop In crude ofl production last year have drawn attention to the recent im- provement In the industry, a Wall street compilation showing that the average of 15 leading oils listed on the stock exchange had risen to 49.80 from the 1924 low of 36.46, or & gain of 13.34 points. Compared with 1924 highs of 54.52 the same group showed a decline of 4.72 points. Your Banker Knows. When in doubt about consult your banker. as much his interest tect your savings. You trust him with your deposits—why not trust him with your Investment problems? a security It is equally yours to pro- Don't be a “shut-in.” Try to get a brisk walk every day, even if it is only a short one. ANNUAL REPORT OF THE WASHINGTON Toan snd Trust Company of the District of Columbla to the Comptroller of the Currency, | a8 required by section 16, act of. Congress ap: | proved October 1.71890, for the year ended | December 31, 1023, - $1,000 000.00 | Capital stock authorized.”. ... | Capital stock actually paid fn... 1,000.000.00 ' for vear ended 192: ... 899.373.21 r year ended T : 666,314.37 | amount due depositor ... 12/669.812.10 JOHN B. LARNER, President John Joy Fdson, . Meerm Holcomb . Johnson. B. Keferstein, yd E. Davis rge A. King. slor. We. John B. Larner. president: Boyd Tay- lor. secretars, and John C. Letts, Jono M | Clapp, Frank P. Reeside. tors of the Washington Loan and Trnat Com- pany, do heredy solemnly swear tiat the above statement is true to the bast of our 2 . JOHN B. LARNER President, : BOYD TAYLOR, Becretary. JOHN 0. LETTS, JOHN H. CLAPP. FRANK P. REESIDE, J. LEO KOLB. Directors.' . al , number of directors of thls com- president s report must be signed. by ¢ the directors ofh to Distriet of Columbia. £ 8 subacribed before me this 14th ' 77U HARRY W. GAUSS, Notary Public, D. Q. Boisson- | - 2| Joseph I. J. Teo Xolb, direc: | THE EVENING STAR, WASHINGTON, D. C, ‘Will Quote German Issues. Beginning tomorrow and con- tinuing dally thereaftor, The Star will carry “bid” and “asked” quotations an selected miscellaneous German stocks and bonds. , WE FINANCE Apartment Houses Buxiness Property Resldence Property Hotels, Ete. Higbie & Richardson, Inc. K16 15th St. N.W. ‘Money to Loan Bogured by rst deed of trust on real estate Prevailing interest and sslon 420 Wash. L. & Trust Wifler Bldg.. 9th & F N.W. 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 Investmeat we will loan you ONE HUNDRED DOL- LARS WITHOUT INTEREST OR ENDORSEMENT. The only condition is that will leave it on deposit in Ings account for one ye. pay us back ten dolla month. Your one-hundred-dollar invest- ment will bear interest at 4% per annum, compounded semi-an- nually. At the end of one year your $100 Investment wiil be worth $104.04. Under the usual 4% savings plan, it 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 ist, 2nd, 15th, 16th, 7th and last day of each month, 8:30 a.m. to 5:30 p.m. Saturdays, 8:30a.m. to 1 p.m. THE DEPARTMENTAL BANK “YOUR BANK" 1714 PENNSYLVANIA AVENUE N.W. Under United States Government Supervision FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F St. JOHN POOLE, FINANCING Unlimited Funds Available FRED T. NESBIT Invextment Buflding FROM $50 70 $100 Can Be Obtained by Using Our Certificate of Inveatory, Appralsal and Titl CHATTEL TITLE COMPANY N.W. 805 Fifth St. T T | . T R Equitable Co-operative Building Ass’n JOHN JoyY Annets . Prestdent Business Property EDSON, President Organized 1870 . $4,042,132.68 k% Main MONEY TO LOAN Any Ar;\ounl Apartment Houses Business Property L ELHB-'(emfinger& Sons 6140 . 939 Mortgage Notes Apply Loan Dept. C. L. O'Donnell, Mgr. Chas. D. Sager Realtor 924 14th St. N.W. - FRANK P. RE 45th YEAR C Surplus M. 36 37 38 > L. SLBITO1L44 Subscripfit;ns for the 88th Issue of Stock Being Received An Ideal Way to Save au E Shares $2.50 Per Month TR OITTTTTTE IR H = i Save your moncy now—and in later years it will save you. The Equitable systematic plan helps you get ahead finan- cially. 915 F St. Key Location New York xz New York 1 New York n New York u Flushing, N. Y. x Huntington, W.Va. xz New York Philadelphia n New York ¢ New York ¢ New York ¢ New York s Philadelphia st Rochester < Brooklyn, N. Y. st Washington ¢ New York ESTABLISHED 1882 ©1925-8. W. 8 & Co., Ine. 8 Seasoned lasue Z Conn. 4 mills tax refund X' Penn. 4 mills tax refund CURRENT ISSUES lssue One Park Avenue Bldg. Murray Hill Building Cerana Apt. Bldg. Weliston Apts. Gibson Apt. Bidg. 103 E. 57th St. Bldg. 19th & Walnut Sts. Apt. Bldg. Chanin Theatre Bldg. For your January funds we offer a well-diversified list of sound first mortgage bonds. A few selections from this list are as follows: January Investors Should Consider This HAVE you stopped to- consider what a safety record of 43 years without loss to any investor might mean to you? When you realize how often we publish this record you can scarcely help but know that it is our greatest business asset as well as the greatest of safeguards to investors. This record is a real and genuine one—comprehend- ing 43 years in time, hundreds of millions of dollars in volume, and practically the entire nation in scope. It is a record of a business continuously devoted to the sale of first mortgage real estate securities and not to any other line of endeavor. The language of our slogan—43 years without loss to any investor—can be, and is, widely imitated, but the record. itself is beyond imitation. Interest Maturities Dates ' Yield”, 11-6-37 M&N 6 10-1-39 A&O 1 9-15-36 M&S 15 9-25-36 M&S 25 9-23.34 M&S 23 10-20-36 A&O 26 11-10-41 M&N 10 7-1-39 J&J 1 1-15-31 J&J 15 to37 Ist 6s 1st 6s Ist 6s 1st 6s 1st 6s 1st 63 1st 63 1st 6s 1st 6s 6.10 to 6.15 SEASONED ISSUES 156 E. 52nd St. Apt. Bldg. Hayes Court Apts. 1st 6s st 6s 1-15-35 J&J 15 11-15-34 M&N 15 6.00 6.00 SHORT TERM BONDS 345 W. 86th St. Apt. Bldg. Lenex Apt. Bldg. East Ave. Apt. Bldg. Hotel St. George—1st graduated 2-1- Lee Apt. Hotel Bldg. 616 Madison Ave. Apt. Bldg. 1st 6%4s 10-1-28 KEY Ist6s 2-1-26 Ist 5%s 4-1-26 Ist6s 7-1-26 27 F&A 1 A&O 1 J&J 1 F&A 1 J&D 1 A&O1 4375 4.50 5.00 5.70 5.80 5.85 1st6s 6-1-29 C Completed Building T 4% Federal Income Tax Paid H Penn., Conn., Md., Mass. State tax refund We invite inquiries for January investment by letter, by telephone or by wire at our expense. We particu- larly invite you to call at our offices and discuss your January investment problems with one of our officers. Or, if you desire, write us, naming any issues that especially interest you, and ask for BOOKLET 367-G S. W. STRAUS & CO. - INVESTMENT BONDS - NATIONAL METROPOLITAN BANK BUILDING INCORPORATED WASHINGTON, D. C. Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR FRIDAY, JANUARY 16, 1925. ANNUAL REPORT OF THE UNION TRUST Company of the District of Columbis, to the Comptroller of the Ci iired b7 1, 1890, for the, year Capital stock muthoriz paid .. +.$0,719,457.08 Dividends 10,377.50 Reserve fo erest.. 43,466.60 Burplus and undivided proBts after deduction of above items.. 825,609.55 EDWARD J. STELLWAG | Fieming, D' ‘Prust Company of the a, do hereby solemaly statement Is true to the best of our knowledge and bellet. EDWARD J. STELLWAGEN, President. G ZIRPEL, Secretary. B. OLDS, Treasurer. HARBAN, ON, irectors Trustees of tour. twenty - before me this 14th NWRIGHT, of Columbia. mber 20, 1929, tmmmmm% e have an abundance of 5% % money for Real Estate Mort. gages in Washing- ton. E. QUINCY SMITH Inc. 909 Fifteenth St. N.W. i i i Who Think Ahead— make plans that will iree them from worry in later vears. Ask for our spe- cial booklet about the most secure and satis- factory method of saving and investment that can be devised. It will cost you noth- ing to obtain the book, and there will be no ob- ligation. Mortgage . Investment Dept. (SHARRON & TUcHy) 713 and 715 14th St. N. Main 2345 E = g: g. : FINANCIAL." We specialize in Victor Talking Machine Stock At the present time this stock is selling on a very attractive income basis and in our opinion is certain to enhance in value. Did you hear their Radio Concert last night? Cireular on reguest Watt, Hillmann & Co. Widener Bldg., Philadelphia, Pa. Members Philadelphia Stock Exchange Capital Wanted No Brokers A manufacturing and sales corpora- tion, organized by Washington men, Dividend paying; is nationally known; doing business in thirty-four States; needs more capital to take care of the increased business. Will stand the strict- est investigation. Address Box 453-M, Star Office. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbs in Montgomery County, Md. 2% INTEREST '?A pply to H. L. RUST COMPANY LOAN CORRESPONDENT Bhe PRUDENTIAL INSURANCE COMPANY o AMERICA 912 15th Street N.W. Main 6888 v k%R new THESE four symbols have given to thousands of investors a idea of first mortgage real estate bonds. Hitherto, the buyer of such bonds has relied almost wholly on the reputation and the unsupported statements of the issuing house, because it appeared to be difficult to test and analyze the bonds—to “check them up” like a corporation bond. The Four Distinguishing Marks of Miller Bonds, indicated by the symbols above, supply just the information which any in- vestor needs to form his own, independent judgment of any Miller issue. With a descriptive circular before him, he will ind the value of the mortgaged property indicated by Independent Appraisals—not merely by our own expert appraisers. He will find the validity of the bonds certified by a reputable local bank —not simply by our own legal staff. He will find that the proper- ties we finance are of average moderate size, easily managed, readily salable and widely distributed. Finally, he will discover that he is getting the full rate of interest obtainable on Arst mortgage security—so he knows the rate is economically right. Reputation—plus the Four Distinguishing Marks—plus in- terest up to 7% —make Miller First Mortgage Bonds an attractive January investment. Clip the portion below, sign and mail today for fuller information. Cut here—aign below and mail the coupon G.L.MILLER & CO. INCORPORATED Local Address—308 PHILLIPS BLDG., New York SEND BOOKLET L-1269 OF Philadelphia: Baltimore Pittsburgh Wuhin;mn, b. C. St Louis Buffalo Atlants Memphis Enexville JANUARY OFFBRINGS OF MILLER 2% BONDS IN - WHICH + NO . INVESTOR + EVER - LOST - A - DOLLAR Address. Ciy and Srate.