Evening Star Newspaper, February 3, 1925, Page 27

FINANCIAL. FINANCIAL. THE EVENING STAR, WASHINGTON, D. ©, NEW YORK CURB MARKET ||, voms roues oom NEW YORK, February 3.—The in- Received by Private Wire Direct to The Star Office TUESDAY, FEBRUARY 3, 1925. I have FOR SALE a limited amount of FIRST TRUST (Mortgage) 4% EGG PRICES DROP INLOGAL NARKET Spring Chickens Higher and Fowls Lewer—Further Egg Cut Likely. FINANCING Unlimited Funds Avaflable FRED T. NESBIT Investment Building M. 9392 MONEY TO LOAN 1 Any Amount /% Apartment Bouses Business Property ingeré& Sons GLfll.“é‘.,éereumngc ¥ Sons creasing trend of railroad traffic is reflected in loadings of the Atchison Topeka and Santa Fe, which handled 34,117 cars In the last week of Janu- ary, against 33,856 the week before and 57 in the corresponding week of 1 Chicago and Northwestern handled 167,070 cars in January, nearly 8,000 more than in January, 192¢ Business Property Money to Loan D6 REAL BITATE, todt e We have funds available for s first trust loans on approved saie price 0t the properey” oat @ e|| D.C. Real Estate. v Toursett of" tBis Pepsortamien. ¥ o pportanity Our charges are moderate. 2o ex s Moore & Hill, Inc. real estate. without” any 730 17th St. N\W. Member Washington Real Estate Board LLIAM F. HEFFERNAN. ‘W YORK, February 3.—Another drive against radlo stocks featured the dealings in today's curb market. onpoaiions for the decline met little oll shares made itself feli today, tut ahposition and prices were carried [a number of these stocks continued T u’, 8 points before selling was |to be pushed forward. South Ameri- - ed. i can jssues held up well, with Interr ”:li)azpv:flne (‘orborannn lost most of [national Petroleum establishing a nouneement hich followed ' the an- [new high record on the move. Mexi- bany han Maast week that the com-|can Panuco featured the so-called L x': '“;:'l“x;‘:.d the thCkfl on an an- | penny shares, with an advan from vt -;nd bl’sh Freed Eise- cents to 1'%. There was another into mew Tou MOSt 2 points, getting | heavy turnover at record high prices o dew low ground; in Wilcox Ol and Gas, accompanied cline of o heavily offered at a de- | by a report that a new well had been BrneRon lzJ.on than 2 points, and|brought in on the Scott lease in the e ~hn;>l.](‘ t"i‘v-—s and Interocean came |Slick Pool in Oklahoma, upon which E ¥. Boissonnault was an ex- |development work 18 well under way NEW YORK, February 3—Follow- 10 Alliance 001 fox I;» = ;.m.-m list of bonds and 15 Am Ma; Stocks traded in on the New Y. Curb Market today el Sales in 8 Allied 10 Allied ception and was lowing the report running at the annual a share. Profit-taking following the rise of heavily taken fol- that earnings are rate of § money on oss o any inv D. H. ROLAND DRURY F Phone M. 23. Room 403—1410 H Bt. N.W. Second Trust Bought Our clients are ready to pa: cash for SECOND TRUSTSV ii any amount. The rates will please you if the security is sat- isfactory. MORTGAGE DEPARTMENT SHANNON & LUCH 713 and 715 14th Street N.W. Main 2345 MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST .%mcéz// % Jgfmm @ (ga 73827 %nmr;fi'm/ venne 0DD LOTS MARGIN ACCOUNTS DIRECT PRIVATE WIRE CONSOLIDATED STOCK EXCHANGE BUCK & CO. 312-313 Evans Bldg. 1420 New York Ave. N.W. Phones Franklin 7300 Franklin 7301 Egg prices have started downward Lower prices resulted from increased receipts and offering of storage stock at reduced figures. Dealers think the prices will go still lower before the close of the week’s market Fresh, selected, fered at 65 and 56 today, ipts selling as low There 18 also a decided de price of fowls, last s high adva resulting from dem: for live New York market ew York butter market was re- ch firmer yesterday. Prices in market were not affected, how- dealers hope the change in y temporary candled stock was of- A list of eighty in- vestments, domestic and foreign, selected to meet the require- Ret.. .40 1bo 3% Saies in INDEPENDENT OIL STOCKS. e 18 Brh-Comtrar 10 Carthy Sevd . 1435 01 Rery 5 G s ; 8 G ¢t Sug 8 i S 1 Gl fera ot T4 on oid BONDS. o ments of practically every February circular. efs. pd R serip. <ynd buyer — Our Main 8673 Main 3353 1 Am Thecad Gy s Wholesale Prices. 5 Anaconda 6k 2 Creole Synd o, 47a50; prints, > store-pa ced. 30n25. : i a 1 Derby 0 & H pid store-packed, 20a 4 & 0 Federal O ge—Fancy, selected, candled, 4 A on OI Corpy erags receipts, Rock 0l Send for a copy. Spring ; ducks, : geese, Capital & Surplus, $2,000.000.00 The Small Estate Needs —conservation no less than the large one. Therefore, every man should leave a legally IMPREGNABLE WILL to avoid dissipation of property throug tion. 7Our Trust Officer is always glad to advise with patrons regarding wills, the choice of Executors and Trustees, or related subjects. Childs Cit Sery Cit Sery TheNational City Company ington—741 15th St. N.W. 3176 —of intrinsic worth is needed than the fact that during the past quarter of a century the investing public has placed Millions of Dollars in Wardman issues of First Mortgage Notes —without a single loss of any interest. kind. WA Spring _chick- s L e 0a32; fowls, o 6 A 3 Mount Prod ducks, 25a28; & Bradfora 01l Mex Land Y Ol p 0it Carp Beaver 01l | Pennok Ol Corp 1 8 Red Bank Oil oy Can Ol & Ref Ryan Con Salt Ck Cons rooste s, 4024 capons, 4 Live stock—C 3al4 ; me Spring choice, 1 ; lambs, Money to Loan | Sicures oy nrst deed of trust on real Prevalling interest and commission 420 Wash, L. & Trust 1 | Joseph I. Weller 20 %<5 L & Trut | Frult and Vegetable Review. | ot ly market rep: : : P : "Il NATIONAL BANK RESOURCES, $14,000,000 1315 F St. TOHN POOL! D enomina tions range from 3100 to $100,000 1 Constructio mpany g »\1430 K Street. e Main 3530 f e o e e gl National Savings & Trust Co. 58th Cor. 15th and New York Ave. Oldest Savings Depository in Washingtc ul_Pet 88 1011 Trunk Curveat s syes bear itiga- demand g dy; barrels f L West Vir- Stayn Co 5 9 Pure 011 Co 6lgs 7 Rima St > Acme Coal ... | Am Gus & F [ ans, 7.00 | Hawaitan 3% inches | z E 3 L& Tract mchea | Jee i Pow & Lt 5 i ! 5 9 Pow & Li prd North- | Superpower A arge s, extra f 15 Sun oif i e B 3.50; Spitzen-| 1 Swite & ¢ Delicious, 4.30a | Tidal Oeagr 4 inches up, S s Winesar iium to up, President X 100% 4s 1001 10715 1021, N BONDS Boussonault Brit-Am Tob ( Brooklyn Boro ( Brooklyn City R R Burroughs A M pfd Centrif Pipe Corp.. Chapin Sacks & Co Chatterton & Son. ds Co new eland Auto ptd wer Corp. om Power Cor wix Con Gas Balt new ontinental Bak I Curtiss A 7 De For Rad DL &W Coal Doehler Die Cas Co Dubilier ¢ & Rad n - IO »bage—Suppl! liberal; deman market steady: old stock, , bulk per ton, Danish type around, 35.00; new Carolina, barrel ype, fair quality, bulk, per ton, flat type, Celery—Supplies moderate Webster Mills 8%s et o ostly Houtn nch National 7s. 9 Ind Mtg Bk Fnld Tx 943 3 King of Neth 6s 54 1 Krupp Fried It 7s wi 983 g o 6x_'34 B 101 Sis... 1013 100% @ o 5.00280.00. demand 10- mostly, the Type of Men who {ppraisc Properties We Finan 1ssure Safet) Investor CONSERVATIVE INVESTORS Il B demand | Sales in We uits, o Anglo-Am 0l Atlantic. Lobos.. ka Pipe Line.. e 0il & Ref. [ e Line. 800 Tmp 01 of i 3800 Im Oll Cap ne 3 3 70 Ind Pipe Line.... 3 Film Inapect Ma 2000 Tntl Pet Co E 4 Ford Motor Co ¢ t Magnolia ¥ Freed Eive R , Russet Rurals, Frestman CL N r 2 a4 Corp cks, round whites, REle. 31t 022,50 per sack g upplies moderate; d han Bakeries. mand moderate, market about s R C I as, bushel baskets, Savoy, b erg type Flor- les reported Supplies limited; "demand e market steady; New York| 30E nd Ohio, 100-pound sacks Yellows, | 1800 Hum S. No. 1, medium to large sizes, | Rorne 30 Ruck Durant Mot Dup C & R'v Uc Du Pont Motors. 3 Duz Co A 2 Bond & Sh pfd. Bd & Sh o co wi Invest Ine Four Distinguishing Marks 1.Independent Appraisals: The property securing every issue of Miller Firs. Mortgage Bonds is appraised, not only by our own experts, but by independent, local authorities who submit written estimates of value and earnings. Through independent Appraisals you can own a nationally known investment paymng up to 7%, with as much assurance of safety as though you had inspected the property yourself and had obtained disinterested opinions or it. The Four Distinguishing Marks of Miller Bonds are the means by which these bonds may be compared, not only with other real estate bonds, but with any other security Call or write for Folder B-7212. G.LLMILLER & CO. conromarm Local Address, 308 Phillips Bldg. Washington, D. In amounts of $50 and up our First Mortgage Notes paying 7% inter- est may be purchased by monthly payments. * [ 92 44 149 w91y 93 4874 —are interested in interest turn, but they always look first at the security behind the loan. re- upplies moderate; de- e, market steady; Mich- So does this company. The sult Qur Trust Dept. Over a or send for Valuable Quarter Booklet S FIRST MORTGAGES of a Hazeltin Heyden Int Match Corp Int Ra Int Ctilities A Int Ttillties B. Keystone Solether. . Leiiigh Power Lehigh Val Lebigh Val Coal NC Libb; q uthern P Century 0 Ind S 0 Kansas S 0 Kentucky.. —we offer are based on improved and income-producing real estate shown by conservative appraisal to be worth about twice the amount of the loan. ‘Tomatoes in Large Demand. moderate; de- ‘ Goldsmith Building ‘ 111405-7 Eye SEN.W, M 9670 | atoes—Supplies mand good for good stock; market g, steady; Florida, sixe: ripe and turn- 0Ny ing., wrapped, fancy count, 6.50a7.00;| 20§ 0 Ohio. n wan & Finch 5 e count, 5.00a 1900 Vacuum: Oil Supplies light; dema < FARMERS LOSERS AS GRAN SOARS beans—Supplies modera H market slightly weaker; Fl da, %- Money Made Now Will Not Go to Labor or Help Buy Equipment. Without a Loss ¢ Let us tell you about them. Mid West Ctil pr1i 108 Stusic Master Crpn bushel hampers, green, best, 4.00a4. t Wheel Co n wi fair quality, 2.0023.50; few poor qual- low as 1.50. eas—Supplles light: demand good for good stock, market steady; Flor- 7-bushel hampers, fair qualit 00. Squash—Supplies light; demand good for good stock, market stead r- ida, pepper crates, white, fe les. 5.00. Eggplant—Supplies good for good stock, Florida, pepper crates, Peppers—Supplies moderate, market steady; Florida pepper crates, fancy, 4.50; choice, 3.5 a4.00 i 8 B Cucumbers—Supplies light; demand | BY J. C. ROYLE. moderate, market firm; Special Dispatch to The Star. aquare bushel crates, fancy, 7.0048.00i| NEw YORK, February 3.—Water cholre: ,',:",‘:\w l’l'“.llf’: T ,‘zl " de.|Over the dam—that is the way keen- i e 2 30a high prices for grain now obtaining. Carrots—Supplies liberal; big sales, quick payments and high oddtate aniERE ateudy production of manufactured products Detter feoling: Texas, bushel bs in the next three quarters of 1925. On 50. the contrary they feel that these ts—Supplies very light; demand | Prices are detracting from rather moderats, market firm; Texas, bushel | than adding to the purchasing power baskets, 3.00a3.25. of the agricultural districts. T Most of the producers have sold their grain The gain from high prices to those who have not is more than counterbalanced by the loss to other wage earners whose dollar is not buying as much as it did six 1 Manufacturers and mer- that a world grain | shortage now may be turned into a grain surplus before the Summer is over if acreage and weather condi- tions lend themselves to that end. A New Booklet “Fifty-two Years of Proven Safety” ckel PI n )ppenheim Col Omnibus Corp A pf Omnib Co v t cfy 2 Paige Motor Pathe Exchan Tne A Power Corp of N Y Pratt & Lambert wi Prophylactic Brush Reo Motor. z Rova Radio fr cfs Royal Typewriter ve Corp wi Pr_new vic F. SAUL CO. 925 15th St. N.W. B. Main 2100 I MO.INVESTOR-EVER-LOST:A:DOLLAR-IN ILLER usireies BONDS HIS new booklet will interest every investor whose first consideration is safety. It tells simply and briefly the facts that have won for Smith Bonds the confidence of investors in every State in the Union and in 30 countries and territories abroad. lght market 5.0025.50 light; demand demand firm; Shattuck F G Sleeper Radio vte So C & I new - Standard Pub Co A Stutz Motor. Swift ot . s Swift & Co...... Tenn Elec Power. .. 7 5 Thermiodyne R Cor 2 Thom R 3 Unfon C: 2 United G Ttil Po & Lt Cor A 5 U S Lt & Heat pfd Ward Bak Cor B Ward Bak Cor pfd Ware Radio Cory Warren Bros Western Power Willys Cor 1 pf c'd Woodward Iron Co Mail the coupon today for a copy of this booklet and 77 for descriptions of cur- No Loss to Any Investor in 52 Years New Issues February 3, 1925 $35,000,000 Canadian National Railways 4Y2% Guaranteed Gold Bonds $18,000,000 Canadian National Railway Co. Five-Year Bonds due February 15, 1930 $17,000,000 Canadian Northern Railway Co. Ten-Year Bonds due February 15, 1935 rent offerings that pa demand slightly kets, The F. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS Smith Building, 815 Fifteenth St. MININ Arizona Globe Cop Butte & Westera.. . “anario Copper ... Chino Ext_ Mines. 3 Cons Cop Mines. .. Davis Daily Dolores Esper Eureka Croesus. First Thought G M . Flor Goidfield Min YOUR INCOME TAX Expert Advice Given by United States Internal Revenue Bureau Based on Latest C in Legislation. THE F. H. SMITH COMPANY, Smith Building, Washington, D. C Please send me your new booklet and Anfoef arion Aot/ Sith Boie DAY Principal and interest payable in gold in New York City; also payable in Canadian currency in Toronto, Montreal and Ottawa Total authorized, $35,000,000. Dated as of February 15, 1925. Interest payable February 15 and August 15. Bonds in coupon form of $1,000 with provision for registration of principal. The Bonds are not callable prior to maturity. It is expected that application will be made in due course for listing both issues on the New York Stock Exchange. Goldfield Con 5 Goldfield Develop. . Gold Zone Heela M Howe Sou Tudependence Jib Cons Kay Copper ARTICLE NO. | Oppoxe Larger Acreage. In consequence, bankers and busi- men in the agricultural sec- { tions are doing their utmost to pre- { vent increase In acreage devoted to | wheat and cotton. Their stand has !been backed by the United States Department of Agriculture, which has advised farmers that while the general business prosperity will probably maintain domestic demand Admission taxes are deductible from gross income in determining net in- me, but the taxpayer must show that account has been kept of the amount pald during ear. Mere ~uesswork will not be accepted Under the revenue act 1924 the tax applies only to ons in excess of cents, whi under the preceding t it applied to admissions of 10 cents or more. | during the first half of this year, it Taxes are deductible as such only|js by no means certain that these by the persons upon whor they are|conditions will continue. imposed. Thus the excise taxes im-| Bankers and investment houses posed upon sales by the manufacturer|which specialize in farm loans are of automoblie truck or wagon chasses, | not looking at the past but the fu- cameras, firearms, etc., are not de-|ture. Dispatches today from the ductible by the indi purchaser,| great grain centers of the.country | even though such taxes are actually|state plainly that those farmers who billed to him separate items.|have not disposed of their crops are Automobile license fees are inarily | not selling even with wheat above regarded as taxes and the amount|gs a bushel. They probably will not hereof may be deducted. Custom|do o until prices commence to fall uties paid by a person on articles|snarpiy. n:’m‘ ml- imports for his own use are | Farmers Act Individually. o T AR Appeals such as that issued by the elty upon certain n Department _of Agriculture have ductible as taxes never been efficacious. The individual farmer has always displayed a ten- nes The Dominion of Canada Guarantees Principal and Interest by Endorsement Invest Your February Funds where you will be free from worry Tonopah Tonopah Tonopah Tovopah Min ..... nit Eastern Min. nited Verde Ext. © 8 Continy 3 Utah Apex ... Wenden Copper Bel : The Five-Year Bonds will be the direct obligation of the Canadian National Railway Company, and the Ten-Year Bonds will be the direct obligation of the Canadian Northern Railway Company. These railway companies opérate a trans-continental railway system across Canada from the Atlantic to the Pacific Ocean. All of the capital stock of both companies is owned by the Government of the Dominion of Canada, which guarantees the Bonds. We offef’these Bonds for delivery when, as and if issued and received by us, subject to the approval of legal pro- ceedings by counsel. It is expected that Temporary Bonds of the Company or Interim Receipts of Dillon, Read & Co., will be ready for delivery on or about February 16, 1925. Price for Five-Year Bonds 99% and Interest. Price for Ten-Year Bonds 975 and Interest. = Those who cannot afford to lose any part of their principal, or who have neither the time nor skill for watching their invest- ments should investigate at once our carefully se- lected 6%% First Mort- gages. it e i A Word to Speculators. If you must speculate, select a rep- utable broker who holds membership in a recognized stock exchange. Ex- change requirements, in themselves, are some protection, as its members must comply with business ethics as provided by rules and regulations. If a member violates these rules, he hazards his membership, which {s usually his greatest asset. — the State or businesses are de- i The levy may be based upon gross income of the busi- To Yield over 4.52% To Yield over 4.80% ss, during a certain period, or upon the nature of the business (each dif- ferent kind having a different rate), on the location of the business, or it may be a flut rate applying in the same manner to each- and - évery licensed business. The revenue act of 1924 imposes stamp taxes on bond issues, issues of capital stock, sales and transfers| of stock, sales of products for future delivery, etc. These taxes are allow- able as deductions from gross income either as a business expense or as taxes paid. If deducted, of course, under one hewding, they cannot be claimed under the other. 1 /#(The next article in this series will @bpear tomorrow.) ‘Before you buy securities from any ome be sure they are as good as your dollars, dency to “let George do it” when it came to curtallment of acreage after a prosperous year. The exceptions are farmers in co-operative associa- tions like the California Raisin Growers Assoclation who are bound by agreement to the regulation of production. In this connection, L. H. Bloom, secretary of the tractor and thresher department of the Natlonal Assocla- tion of Farm "Equipment Manufac- turers, said: “I am not predicting a boom, but in my opinion the industry faces the most promising outlook since 1920.” Farms are becoming “electrified” all over the, country. In .California ten thousand farmers' wives are cooking by electricity, and in the last year the consumption’ of power along the lines served by one company alone rose to 135,306,000 kilowatt hours, a gain of over 36,000,000 such units. 1 PARIS MARKET STRONG. PARIS, February 3.—Prices im- proved on the Bourse today. Three per cent rentes, 48 francs 45 centimes Exchange ' 6n ‘London, 88 francs 60 centimes. Fiye per cent loan, b8 francs. The dollar was quoted at 18 francs 48 centimes. BUTTER LOWER TODAY. CHICAGO, February 3.—Butter— Lower; creamery extras, 38%; stand- ards, ‘39; extra firsts, 37a38: firsts, 35%4a361%; seconds, 32a34. Eggs—Lower; receipts, 8,987 cases: firsts, 44; orflinary firsts, 40a41. O The easy mark doesn’t know how ensy he is until some salesman of worthless stocks or bonds has his money. 1 They are absolutely safe in every respect—backed by improved real estate in this city worth double the entire first mortgage. Write for our mew booklet— it's FREE! Mortgage Investment Dept. HANNON & LUCH 713 and 715 14th St. N.W. Main 2345 The National City Company Dillon, Read & Co. Lee, Higginson & Co. Bankers Trust Company Continental and Commercial Trust and Savings Bank First Trust and Savings Bank, Chicago Illinois Merchants Trust Company The statements herein have been accepted by us as accurate but are in no event to be construed as representations by us. Guaranty Company of New York Harris, Forbes & Co. White, Weld & Co.