Evening Star Newspaper, January 29, 1925, Page 29

FINANCIAL, NEW YORK CURB MARKET PRGES HOLD IR AT CENTER MARKET Weather Makes Wholesale Buying Very Dull, Deal- ers Report. Its only w step between frigid weather and attractive displays of fruits and vegetables of numerous ties from war climates. On bench rket displa to suggest the chol uth, but suppl ouses told a differen the were plent produc in whe such ding part- s receipts or very produ tor ment suppli ing received, Agric few instanc being i d in rted nditio light ased receipt cted when weathe dem condi served to re- not prevail Today's Wholesale Prices. ndled, 58a storage 30; young, 50a70 illed, Spring chi fowl: ducks, 25a28; 40245, choic pons, Calves, thin, hogs, $a als; veal, 14a16 houlders, 1 medium Spring, ¥ruit and Vegetable Review. compiled by the . Virginia inches up, 5.50a6.50 50a8.00 00a | hes up, De Boxes: Northwestern, sizes extra fancy nbergs, 3 cious, 4 Cabbage limited . stead: upplies count market 1d stock, New York, bu ton, Danish type, mostly around new stock, South Carolina, crates, pointed type, fair quality, 2.5 @3.00; Florida, 13-bushel hamper round and pointed type, mostly 2.25.| Celery—Supplies moderate; demand moderate, market steady lifornia | r quality, 6.50a7.00: Florida, v around 3.50 moderate rnia crates, Iceberg t few 5.00; Florida, 1 ers, big Boston typ berg type, Onions — Suppli limited, market steady; New F acks, Yellows, , medium to large 1ostly 3. rket St erate, market stead very light; de- or good stock, market Nassau sixes, ripes, wrapped, ed, fancy count, 7.50a8.00; Flor- , originals, sixes, ripes and turn- , wrapped, best fancy count, 6.00a choice, count, 5.00a5.50; ordinary and condition, wide range in 024.00. Cauliflower—Supplies moderate, de- emand moderate, market steady. California crat few 3.00. pplies limited; de- market _slightly %-bushel hampers, g to quality. awherriecs—Supplies very light; moderate inquiry for famcy stoc Florida, pony refrigerators, 35a50 cents per quart. Beets—Supplies light; demand mod- erate for sooa stock, market steady.| xas, bushel baskets, mostly zround mand veaker. moderate, Florid: What Experts Buy. Trained investors always buy se- eurities that have a substantial loan walue. One of the surest methods of determining the value of any stock is to seek a loan on it. If your banker declines to conside: it as collateral you can rest assured ts marketubility does not amount to musch. TS S NEW YORK EGG NEW YORK, Janu Irregular; receipts, 7 ered, extra firsts, 67; do., seconds, nearby hen- nery. whites, closely selected extras. 603%a61; nearby and nearby Western hennery whites, firsts to average ex- tra, 5734a60; nearby hennery browns, extra ific_coast whites, extras do., firsts to extra firsts PRICES. do firsts, RAW SILK NEW YORK, January 29 (Special). +—The raw silk market recorded an ir- regular series of price reductions of 23 to 5 cents today, but there was 7o change in the tone of the market, which continued quiet. Cotton goods also were quiet with prices unchanged. Print cloths were quoted at 91-8 for 64 by 60, cents for 68 by 72. TREASURY CERTIFICATES. (Quotations furnished by Redmona & Co ) Einag s Con Bid. Ofter « 100% .. March 15, 192 5 L 1008 2382 o March 13, 1 3 ? 1008 o0 991518 100 132 101 752 101 518 101% 1011532 1005 101 w0, oz 0% 102 GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) id ©er Gt (war loan) Bs 191418 1700.00 Famburg 4bis 1019....... .. 425.00 Ger Gyt 455 (forced ioani Ger Gt 8153 1923 (sm pleces) (Quoted iu dollars per thousand marks Gor Gen Blec 43gs pre-wa 25.50 Ger Gen Elect 4ias 1919, Jerlin 4s pre-#r. Flambg 3s, 365 & 'ds pre-war amburg Amer Line 4%4s. North German Lloyd 433s. North German Lloyd Tussian Consols’ St rupp 58~ 1021 Dusseldort s pre-war Frankfort a-M 4s pre-war Munieh 4s pre-w Badische _ Anili A B G (Ger Ge Flec) Commers and Fefvat Baik. Disconto Gellsqmft. Dresdver Bank gf Doutsche Bask: Darmstaedter Tdercur Dank Viedmd. 283832338333k2s 832 BESERE R, BBESEREEE el B At Soiea $838F Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, January 29.—The great demand for oil shares on the curb exchange today was attributed to an advance in Gulf Coast crude oil f 25 cents a barrel, the reported de- ase of more than 20,000 barrels daily in domestic crude output and the sharply declining production from the new Wortham pool. Advances in some of the oils were spectacular, but as the day went on the movement became more orderly, and part of the early advance was avy deriand for Mutual Oil at new high prices around 141, fore- Direct to The Star Office shadowed an early increase in the an- nual distribution of 50 cents, now that the trade situation has definitely turned for the better. Wilcox Oil and Gas stood out strongly and so did most midcontinent issues. The outh American shares subsequently were taken up on belief that the heavy withdrawals of crude from storage would eventually mean a bet- ter market for foreign companies’ products. Venezuelan, Creole Syndi- cate and International Petroleum were actively taken at improved prices. Losses of the previous day in radio stocks were extended, but the de- clines were not as pronounced. —_— NEW YORK, January 29.-—Follow- ing an official list of bonds and stocks traded in on the New York Curb market today: 11 Allied Packers 8s. 2 Allied _Packers 8s... Am Beet Sug Am Tce Ts.... 7 Am Pow & Lt 2 Am Rolling Mills s 10 Am Thread Co 6 10315 10343 &3 673 943 o8 98 G & WINSD 10 Beaverboar 5 Belgo Can P 1 Bell Tel of Ca 1t 01l Corp ehigh Power 2N 1 Nat Leather 5 0 N Stat P Min 638 C io Power 3s ¥ 0 Powe FOREIC 1 Ind Mige Bk Fin T 3 Swiss Govt 1 Swiss Govt 5s s STANDARD OIL ISSUES. nits S5 ough Sifg br Mfg ped ent P L Fland P L I ol E R hesel he! sal 4500 Humb T e T ) Tmp Ol of Canl..: 131% np Ol of C b Wi P rn_Pet Co Ltd 458, 10 N Y Transit. %00 Ohio Oil ¥ 200 Penn Mex Fuel. .. e Oil & Gas Prai Ol & G n Wi rairie P L. 2 3600 8 1208 0 0 S 0 Ohio. wan & Fineh.. S000 Vacuum Oil.. Sales in hnargs. INDEPENDENT OIL STOCKS. % 190 11 19ty 9915 3000 Cit £3000 (i - $18000 Cit 8 Columbian Syn cont Oil w Washington Stock Exchange SALES. Capital Traction at 99, & P. Tel 5s—$1,000 at 9% Y : *§—$500 at 9. Cablonai Mige, & Tavest. pIA.—S0 at 9%, 300 at 9%, 240 at 9%. AFTER CALL. Capital Traction 55—$3,500 at 99%, $1,000 ac_ 981, % et ATt e Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. $1,000 at £y American Tel. & Telga. 4s American Tel, & Telga. 43s. Am. Tel. & Tel. ctl. tr. 3s. Am. Tel. & Tel. conv. 6., Anscostia & Potomac 58. Anacostia & Potomac g1 C. & P. Telephone bs.... C. & P. Telepbone of Va. Bs. City & Suburban b Georgetown Gas 1st 5 Metropolitan R. R. Bs. Potomac Elec. ist bs. Potomac Elec. cons. 5s. Potomac Elec. 6s 1953. Elec. Pow g m. & Alex. & Mt. Ver. 38 Alex. & Mt. Ver. ctfs. h.. Balt. & Anoaj hington Gas G Elec. 48... . Rwy. & Elec. gen. 6 MISCELLANEOUS. . C. Paper Mfg. Gs.... Riggs Realty 55 (long) Rigis Realty bs (Shor Southern BIag. 6%4s. Wash. Market Cold § Wardman Park Hotel 6. STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga Capital Tracti ‘Washington Norfolk & y Steambs Wash: Rwy. & Biee. ptd Terminal Taxi com.. B NATIONAL BAN: Capital . Columbia . Commercial . District ... Farmers ‘& Mec Federal-American Likerty Lincoln . National Riggs - Second .| Nationa1 Bank of Washington. TRUST COMPANY. American Security & Trust. Continental Trust. Merchants’ Bank. ationsl Savings SAVINGS BANK. Commerce & Savings.. t Washingto Security Savings & Com. Beventh Street. United States. Washington Mechanic FIRE INSURANOE. American .. Corcoran Firemen's National MISCELLANEOUS. Merchants’ Transter & Storage. 110 Mergenthaler Linotype 167 Natl, Mtge. & Inv. pfd. 0ld Dutch Market com 01 Dutch Market pfd. Lanston Monotype. Washington Mar] Yellow Cab.. “EX dividend. 95 Creols Syndicate. .. 3 Derby O & Ref. 170 Engineers’ Pet 100 Latin-Am O 2 Marland 1 Mex Panue atord 01l Mex Lan oble Ol & 1 New York Oil. Peer 0il Corp. .. Peun Beaver Oil Pennok 0il Corp.. Red Bank OIl. Royal Can 0 & Ref Ryan Con.... K Salt Creek Prod. YVeneznelan Pet Wilcox 0il & “Y'oil Allied Pack new.. Al uck pr pfd Am & Elec s & EI Am pfd 3 Am I. & Tract w & Lt new wer & L pfd aperpower A 8 Am Superpower B Atlantic Fruit . Rorden Botany Con Miils X olxxonault ... . Brit-Am Tob (o RBrookiyn City R R 1 Car Light . 3 Centri Pipe Childs Co new Cudahy Pack ... mmonwealth P € m - Pow Cor w Cons Gas Balt new Continental Bak A Continental Rak B Continental Bak pf Cuba' 09 sesiiscn Curtiss Aero’ Motor Curtiss Aero M pfd Deforest Ra Co vte Dubilier C Durant Mot 3 Duplex C R vte. 2 Du Pont Moto Duz Co A R pew Bond & Sh ptd B &8 o w Inventors s Ford Motor Co Foundation Co pfd Freshman ........ ced Eisemann RO Hazeltine 4 Heyden Chem ... 1 Tntl Conc Ind ‘Corp 11 Inter-Ocean R C. 13 Intl Match pfd ... Totl Tt B.. Marconi Wireless. Mengel Box. Middle West Util.. Midvale Co. Music Master Nat Distil Prod vie Nat Power & Lt. Nick Plate new v! Nick Pl new pt wi Ohio Fuel Corp. Oumail PITTPR B Stand Pub Co A Swift Intl Swift & Co. Tenn Elec Po Tean E Therm Rad Cor wi Thomp Rad Co vt Tower Mtg 2 Unon Carbide ... United G & B vew. Util P L. U S Lt & He: Univ Pict wi Victor T M. Ward Bak Cor Ward Bak Cor ptd Ware Radlo Corp.. Western Power ... Western Power pfd 86 Wick Spen Steel wi 4% Yellow Tax Co N ¥ 18% MINING. Arizona Globe Cop. .11 Canarlo Copper. 3% Chino Ext Mines... .50 Con Cop Mines. 3. Cresson Gold. 33 Eog Gold M Li Tad. 16 a4 05 Eureka Croesus. ldfield Develop. Hecla Mine " Howe Sound Inpend Lead R A PR 32 Ohio Cop Plym Leac Portland Premier Gold Min Ray Hercales Inc. Red Hill Florence Reorg Div Annex Silverdale ...... 2 8o Am Gold & P 10 Spearhead Gold ... . 10 Stand Silver Lead.. . 10 Tonopah Divide 1 Tonopah Exten 10 Trinity Cop . # United Pastern 10 U 8 Continental 15 Utah Apex . 1 Walker Min 10 Wenden _Copper. 60 West Utah SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Bia Alurmnum Co. of Amer. 7s 1933, 1u7 Amerjcan Bugar €s 1037, American Tel. & Tel. Anaconda Copper 8s . Anglo-American Oil 7i4s 1925 Associated 01l 6 1935 Baltimore & Ohio 6s Bell Tel. of Canada 5s 19 Central of Geor 68 1929, Central Lea. 5s, April 15, 1 Chi., Mil. & St. Paul Chi.. R. I. & Pacific 5 Olty of Lyons Os 1 Columbia Gat EL_1st 5s 1927, Contizental Gas & El. bs 1927, Du_Poat 74s 1931....... Federal Sugar Ref. Federated ¥ Goodyear T. & Great Northern 7s 1938. Guif 0Ll Corp. of Pa. 53s 10 Hamble OIl 8%s 1082 - 1 Lehigh Pow. Sec. Corp. 6s 1927.. o B P 678, Ao Morris_ & Co. 7! 1 New York Central 6s 1035 Oregon Short Line 4s 1929, Feaaa, B i 7 1080 Pure 8, Swie s Cor bo 105200 Tidewatoe Oll 6%4s 1981.. Union Tank Car 7s 1930. 4 U. S. Rubber 7is 1880. . Western Unlon 6l5s 190 . 11 r Body 3 . called £ o ment February 1, 1925, iR Fisher Body dorr 1, 1925, ment February FOREIGN EXCHANGE, Quotations furnished by W. B. Hibbe Nominal wh'g&: 801 value. ‘today. #8605 410K 22355 el bpeabbbubR,RREN £ London, pound .. Montreal, dollar . Parls, franc . Zurich, Athens, drachma. Madrid, peseta Vieana, crown Budapeat, crown . Prague, crown Warsaw, zloty . Copenhagen, crown Christianta,” crown Stockholm,” crown A O It you need work, read the want columns of The Star, AOMFENER HOES ONFARNS Total Live Stock Values Drop $72,075,000 During Year, - Says U. S. Report. Live stock on farms and ranges in the United States were valued at $4,834,612,000 on January 1 this year, & decrease of $72,076,000, or 1.5 per cent, under that date a year ago, the Department of Agriculture announces in its yearly estimate. 12,000,000 Fewer Hogs. Reduction of the number of swine by almost 12,000,000 compared with & year ago, was the outstanding fea- ture of the estimate issued on the number and value of live stock on farms and ranges in the United States. The unusually large number of hogs a year ago and the poor corn crop last year, reducing the number of hogs that can be fattened, were declared to be the principal causes of the decrease. Milk Cows Cheaper. The average farm price of milk cows and dairy heifers dropped $1.66 per head in the vear; mules dropped $3.58 per head; horses, $1.50 per head, and other cattle 57 cents a head. The | average farm price of sheep increased | $1.66 per head, and swine prices were $2.59 a head higher than a year ag There were decreases in the num- ber of all classes of live stock ex- cepting milk cows and sheep. Comparison of Values. The number and aggregate value of the different farm animals on Jan- uary 1 this year and comparison with that date a year ago were: Horses: Number, 17,589,000, crease 470,000; value, $1,1 decrease $56,666,000. Mules: Number, 5,411,000, decrease 35,000; value, $436,122,000; decrease, $22,341,000. Milk cows: Number, crease 35.000; value, $43 crease, $22,341,000. Other cattle: Number, decreass 2,111,000; value, 000, decrease, §75,406,000. Sheep. Number, 39,134,000, 834,000, value, $372,909,000; $71,454,000. Swine: crease 11 increase, de- 319,000, in- 122,000; de- 29,609,000, $970,117,- increase increase, Number, 54,234,000, de- 96,000; value, $669,402,000, 24,906,000. ROAD’S INCOME DROPS. Maryland and Pennsylvania Re- borts Decrease in Earnings. Special Dispateh to The Star. BALTIMORE, January 29.—Operat- ing of the Maryland and Pennsylvania Railroad in December was $78,783.15, an increase of $13,423.09, compared with the corresponding month in 1923 The showing for the vear 1924 was not so satisfactory. Operating rev- enue totaled $900,165.02, a decrease of $20,975.23, while operating expenses amounted to $633,709.54, an Increase of $34,238.02, leaving net operating revenue $266,455.48, a decrease of $55,213.25. Deductions amounted to $90,246.61, leaving met railway oper- ating income $176,208.87, a decrease of §$45,095.36. Operating ratio for the year was 5.33 per cent. First Mortgage Loan We Buy TUNLISTED AND INACTIVE SECURITIES CAN MARKET WHOLE ISSUES FOR SOUND CORPORATIONS Loans on Real Estate Address G. R. KAL-WILLIAMS Adv. Agcy. | Investment Bui 1311 G Bt. N.W. ‘FIRST MORTGAGES FOR SALE 6%2% THE TYPE OF SECURITY CONS ERVATIVE INVESTORS BUY IN DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. GERMAN 223°s, Bought—Sold—Quoted Full New York and Berlin Market Recelved Daily Send for Special Market Letter Peter Whitney 203 Investment Bldg. Telephone Franklin 3978 Money to Loan : Bocures oy nrst deed of trust on real estate Provailing interest and commission Joseph 1. Weller 420 Wesk. L. & Trun iag.. 9th & F N.W. o]0l —0| MONEYTO LOAN in any amount om FIRST MORTGAGE E District of Columbia Real Estate Thos. J. Fisher & Co., Inc. 738 15th Street Phone Main 6830 HE==r==—=u1 I el Money to Loan on§ Real Estate } 6% Interest No commissions. Moderate charge for appraisal, title, etc. Let us refinance your maturing trusts. Quick Action Columbia Building Association 716 11th Street N.W. Under Government Supervision PP PP Applications Wanted Interest Rate 69 and 6Y2% A Loan Dept. . LT DoRNEL L Mgr. CHAS. D. SAGER . Reaitor 14tk St. N.W. on Tst Notes Bought | Our clients are ready to pay cash for SECOND TRUSTS in | any amount. The rates willll please you if the security is sat- || isfactory. MORTGAGE DEPARTMENT HANNON 713 and 715 14th Street N.W. Main 3345 e | | | FINANCING Basi B 10 % poioen Unlimited Funds Avallable FRED T. NESBIT ng 9392 I have FOR SALE a limited amount of FIRST TRUST (Mortgage) 2% D. C. REAL ESTATE secured notes. The amount loaned is only 57%% of the e price of .the property. Don't fail to avail yourself of this opportunity. 22 years experience in investing money on D.7C real estate without any lows to any investor. D. H. ROLAND DRURY NW. Tha Symbol Our Mortgage Investments Are Safe Investments Paying 7% and in de- nominations of $50 and up our First Mortgage Notes may be purchased by monthly payments. Interest is payable the day due. Consult Our Trust Dept. or Send for Valuable Booklet. Goldsmith Building 1405-7 Eye StN.W, ' M 9670 Making Money Make Money The only worth-while dollars are the dollars at work—and you can give yours safe and profitable employment in our First Mortgage Notes Paying 6, Per Cent It means security of the principal and a larger interest-earning p ower than with any other safe, conservative investment. Mortgage Investment Department 713 and 715 14th St. N.W. M‘In. 2345 FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS Heandotl H Hagner ¥ G 1381 Conneclivut Hoanne The Safety o First Mortgages VER since land has been bought and sold mortgages have been given as security for loans. Real Estate Mortgages are based upon the most staple commodity in the world—land. The possession of land has been one of the chief desires of man from It is a fact that “real estate is the foundation time immemorial. of all wealth.” the soundest type of security for investment. First Mortgages, therefore, are recognized as The Mortgage Bond & Guaranty Corporation deals exclu- sively in First Mortgages, secured by improved, income-producing real estate. Its management comprises a group of bankers, real estate and business men of excellent character and high standing. They all enjoy unbroken records of success and their expert knowledge is especially adaptable to the conservative and profit- able management of the Corporation’s business. The Cumulative Preferred Stock is now being offered at identically the same price paid by the officers and directors for their holdings. It bears an immediate return of 8% and the divi- dends are free from the normal Federal income tax and the stock is free from the D. C. and Virginia intangible tax. * We welcome inquiries as to the plan of partial payment pur- chase of stock in this Corporation. HUGHES & (Incorporated) INVESTMENTS 1418 Eye St. N.W. . Telephones Main COMPANY HUGHES & COMPANY, 1418 Eye St N.W., Washington, D. C. Please send me your new descriptive booklet, “Progress.” Name . Street Addrss ......... oity FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F St. JOHN POOLE, Prusident FROM $50 7O $100 Can Be Obtained by Using Our Certificate of Inventory, Appralsal and Title. CHATTEL TITLE COMPANY 805 Fifth St. N.W. FOR PERMANENT INVESTMENT If you desire liberal interest, and the unvarying safety that gives enduring value to curity, we invite you to investi- gate our a se- Over a Quarter FIRST MORTGAGES of a Century Without a Loss. Their value is enhanced by the fact that they are made to finance permanent ments in Washington estate. improve- real B. F. SAUL CO. Main 2100 15th St. N.W. You May Have Supreme Faith In Human Nature BUT--- you would not be willing to lend your wallet to a stranger, however sincere his promises to repay you might ring. Consider Then--- before you invest your savings in fluctua- ing securities. They are strangers—as likely to prove losses as gains. With Money to Invest consult your banker. He will tell you that you can find no safer securities than the 6%4% First Mortgages handled by this company. EEM & HENSEY Co. shingion.D.C. 55 Years Without Loss to An Investor. Smith Bonds Are Owned the World Over Now held by investors in 48 States and in 30 countries and territories abroad FROM the Philippine Islands, 12,000 miles away, an investor orders Smith Bonds. From Alaska comes another order. From foreign banks and banking houses come coupons which our clients have clipped and eashed abroad. Each day the mails bring evidence of the world- wide confidence in Smith Bonds. There is a logical and fundamental reason for this universal confidence. It is due to the fact that Smith Bonds have behind them our record of 52 years of proven safety and satisfactory service in the field of First Mortgage Investments. 7% First Mortgage Bonds Smith Bonds, strongly secured by improved, income- producing city property, are sold in $1,000, $500 and $100 denominations, and in maturities from 2 years to 15 years. You may invest outright or under our Invest- ment Savings Plan, by which every payment earns the full rate of bond interest. . Smith C The F. H. Smith Co. 5 Founded 1873 i FIRST MORTGAGE BONDS Smith Building 815 Fifteenth St. et | | THE ¥. X. SMITXE CO., 1 | Smith Builaing, Washington, D. C. 1 Please send me circulars describing cmrrent offerings | | of your 7% Pirst Mortgage Bonds.