Evening Star Newspaper, February 7, 1925, Page 15

FINANCIAL NEW YORK CURB MARKET SHENTEGGSNON PREDITED HERE Dairy Products Feature of Past Week—Tomatoes Scarce and High. Rapid decrease in price of eggs was the surprising feature of the week's market. Dealers expect further de- creases that will reduce the price to something like 30 cents the coming week. Decreased prices resulted ‘rom largely increased receipts There are very few storage eggs be- ing offered, it is stated, and there it little or no demand for them. Poultry dealers reported substan- tial decreases In the price of fowi this week, but prices of other poultry | remained almost stationary. Receipts of fruits and vegetables from the South and West were light or moderate this week, fomatoes be- Ing “especial arce and high. Todny's Wholesale Prices. Butter—Fancy, tub, 47a50; §5a57; store packed, 20a25. Eggs—Fancy selected, candled, a46; average receipts, 40a42. Poultry—Alive, roosters, 16; Sprinc chickens, 28a30; fowls, 25; ducks, 15a 20; keats, young, 50a70 each; geese, 15a20. Dressed—Fresh-killed Spring chickens, 32a33; roosters, 30a32; fowls, 27; turke ducks, 325a28; meese, 20a25; capons, 40a45. Live stock—Calves, cholice, medium, 10all; thin, 6a7 Spring, 13; live hogs, 8a12. Meats—Beef, a18; veal, lambs. 26a30; hogs, 14al6; loin: 22; hams, 20a22, and shoulders, 14al15. Fruit Vegetable Review. Today's market report on fruits and vegetables (compiled by the Agri- cultural Economics Bureau) savs: Apples—Supplies moderate; demand ; market steady; barrels, Mary- Virginla and West Virginia, A21% inchee @ Staymans, 6.50a7.00; A2%-inch s, poor color, inchs® up, 6.00a6.50; 13-inch Black _Twligs, 6.00a6.50: 1g-inch - King Davids, few sales, a7.00; boxes, Northwestern, medium large sizes, extra fancy Staymans, 23.50; extra fancy Delicious, 4.25a 4.50. Cabbage—Supplies moderate; ma ket steady, old stock; demand slow New York, bulk, per ton, Danish type, mostly around, 35.00; New stock, de- mand light: Florida, 1%-bushei ham- pers, pointed- type, 2.25a2.30; some 2.00. -Celery—Supplies moderate; demand light, market steady: Florida, 10-inch crates, 3.25 ; poorer, 3.00. Lettuce—Supplies moderate; de- mand light, market steady: California Tmperial Valley. crates Iceberg type, 5-8 dozen, 4.00a4.50; mostly, $4.50; Florida, * dozen, crates Big Boston type, mostly around 2.50. Onions—Supplies liberal; demand light, market steady; New York and Ohio 100-pound sack yellows, U. §. No. 1, medium to large sizes, mostly around 3.50. Potate Market Firm. Potatoes—Supplies moderate; de- mand moderate, market firm; Michi- gan 150-pound sacks, Russet Rurals, 1. 8. No. 1, 2.65a2.75 per sacki New York, 150-pound sacks, Round Whites, . 8. No. 1, 2.50a2.76 per sack: Maine, 150-pound sacks, Green Mountains, U. S. No. 1, 2.7523.00 per sack. pinach—Supplies moderate; de- light, market steady; Texas hel baskets, Savoy, mostly around omatoes—Supplies of good stock light: demand light, market steady; Florida, sixes, ripes and turning wrapped, fancy count, best, 6.50a7.00; poorer, 5.00a6.00. i String beans—Supplies very light; demand light, market steady; Florida, %-bushel hampers. green hold-overs, best, 3.00a8.50; poorer, 2.50. Strawberries—Supplies very light; demand moderate, market firm; Flor- ida, pony refrigerators, hold-overs, 40a50c. NEW PLAN MAY END 8-YEAR RECEIVERSHIP By the Assoclated Press. KANSAS CITY, February 7.—A plan of reorganization that would take the Kansas City, Mexico and Orient Rail- road out of an eight-year receiver- ship is ready for submission to Judge John C. Pollock of the Federal Dis- trict Court of Kansas, the Kansas City Times says. The plan has been scrutinized by members of the Interstate Commerce Commission and the United States Treasury, whose interests lie in an Indebtedness of the Orient to the Government of about $2,500,000, the Times says. prints 4 13a14: few 7.00; DIVIDEND DECLARED. NEW YORK, February 7.—The Pittsburgh Terminal Coal Co. today declared a quarterly dividend of $1.50 a share on the preferred stock, the first disbursement on this issue since the company was segregated from the Pittsburgh and West Virginia railway. POSTUM PROFITS UP. NEW YORK, February profit of $1,008,360 reported Postum Cereal Co. for the last quar- ter of 1924 brought the vear's total to $4.105,358, compared with $2,881,~ 466 in 1923, ; DIVIDENDS. Pe- Pay- riod. Rate, _abie. Corporatio ‘orpo: o Calif. Pet.. Do. pt Col. Fuel & iron. Ken. Copper... May Dept. Stores Do pf. 5 Phoenix H 15t bt Do. 24 pt. sta 01 N Weber & H Weber & H.. Webér & H. Weber & H Weber & H.. . Weber & H. pt Do. . Do. Y YT IS 517 . 16 coosZe, COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ST. PAUL, February 7.—An increase of 1 cent a pound loaf in the price of bread in the Twin Cities will go into effect Monday. Rolls and dough- nuts are to be pu 5 cents a dozen. CONSHOHOCKEN, Pa., February 7. —The plants of the Lee Tire & Rubber Co. here and at Youngstown, Ohio will be equipped with new and improved machinery. The company will devote at least $150,000 to this purpose. ATLANTA, February Depart- ment stores here have just_ about finished clearing out their remnants in preparation for a strong drive for Spring business when the new lines formally are displayed next week. Millinery purchases from all sections lof the South have exceeded expecta- ions of local jobbers. PITTSBURGH, February 7.—The . M. Byers Co. has announced a plan ¢ group insurance for employes at he Girard steel works, benefiting 1l workers who have been with the ompany over three months, BY WILLIAM F. HEFFERNAN. NEW YORK, February 7.—Goodyear Tire common responded sharply to the highly favorable report of the com- pany for the year ended December 31, 1924, which showed over $7.75 a share earned on the 831,585 no par common hares. A heavy drive azainst Thomp- son Radlo was only temporarly suc- cessful. Traders working on the short side inding the market for this stock vulneruble offered it down from 16%, NEW YORK, Fepbruary 7. ng is an official list of stocks traded in on the urb market today: sales in g housands, S8 8 Allied Packers 8s.. 93 Alum Ta new °33.. 107% Am & Elec 5. 07 Am Beet Kug 6x wi 10018 Am Pow & Lt 6n oid 939 Am Ths 08 Annconda 65 . 10315 Asso N'm Hdwe 88" Al G & WISS Heaverbonrd < Rell Foze C4 Beib Can Follow- bonds and New York ‘oS Bl YOV JO & 1os wi. Cons Gas Bal 633 D Cons Textiles Ss. i;lxdlh! Sias Lehigh Power 5. Libhy SN & L ~-feaha Power T Mid_Cont 6 wi . Mouris & Co Ths .. XY Ediwou B us wi New Orl Pub Serv 58 North 5t P M 88 ¢ F-{P ORI 3= @ P Pub G 51 Pure Oil Co_ 8%s .. Shawsheen 7 3 Ktand Gas & R 80N Y 64 .. Switt & Co 7 Tidal Osage s fon Oil" Proa & um O 7a ... Wabash Ry 5104 wi Webster Mil'a = 833 City Bogota s ... Nat onnl ‘T’ >t of Argentne bx Italian Pow 8igs . a.ug of Neth Krupp Fd 7 9 Hep of Peru 901 1 Solvay Co 6s 34s B 101% Salesin STANDARD OIL ISSUES. nnits. 2300 Anglo Am Of] 100 Atlantie 100 A 10 200 €} 200 [ " 3 8 1 Intl Pet Co Litd Magnolia Pet Prairie 0il & Prairie 0 & G n wi Prairie P L.. South Penn OI.. Southern P L..... South W Penn P L 11100 § 0 Ine evas Sales in INDEPENDI hundreds. 1 17 4 18 4 a 16 Carib Synd Cities Sery Cit Sery Cit Rery Cit Serv 4 Cit Serv $11000 it Sers Scrip, 100 Columbia Syad ... 64 Continental OIl wi.. 50 Creole 8ynd ...... 10 Lance Creel Livingston Pet ... Mount_ Prod Penn Beaver Oil .. Roral Can O & R.. Ryan Con .. - Salt Ck Cons Salt Ck Piod nited Central Venezuelan Pet. West States Ol o Am Cut Am Am Am Am Am Superpower Asso Ga . > Borden Co Bofssonnanlte .l Rkiyn City R R..0 o B a e DAk Commonw Pow Cor 12015 Com Pow Cor ptd.. 8cfy Consol Gas Balt ow Cont Bak B. Cont Bak ptd Cuba Co .. o s 300 e Evident in BY STUART P. WEST. Speeial Dispatch to The Star. NEW YORK, February 7.—In the financial situation of the past week the principal incidents have been the dontinued strength in the greater part of the Stock Exchange list, the lowering of money rates, the severe reaction in wheat and other grains and the duliness and further sagging | tendency in cotton. Call money is lending at 3 per cent, wherens a week ago it stood at 3%. The Interpretation properly to be placed upon this is that the Wall Street speculation, big as it has been for the last three months and, on mecount of the great rise in prices, involving much larger credit requir ments, has so far not disturbed the morioy market. The same is true of the other leading influence, namely, gold exports. Gold shipments have reached a total which would have been regarded as very high before the war, but in view of the fact that gold suppMes in the United States increased 150 per cent between 1914 and 1924, this outflow has had no effect at all. Several Factors Sustain Nteeks. Stocks have maintained a generally upward tendency, partly becau of | the encouragement derived from the action of the money market, partly because business prospects are com- monly described as good, and partly because of the sheer inward force which comes with a prolonged rise in prices. Nobody of experience would say that the present situation was not risk Still, there is a lot of difference between a statement of this sort and a frank prediction that the rise Is nearing its end. One has to remem- ber that in the big swings of recent years, whether upward or downward, the market, borne on by Its own Received by Private Wire Direct toe The Star Office the previous close, to 10, But the stock snapped back readily to 14 in a comparatively brief period of time. The report that new Interests had taken over Boissonnault Radio caused a heavy demand for the stock, carry- ing it above the three level. Engineers gold suddenly came to lite in the mining department and ran up to 1°% against the Friday final of 18%. Arizona Globe was a leader of the low-priced issues, getting to & new high on the move well above 30. ——eeee e e . 13 Dubiller C & R n wi 18 Durant Mot 1 Duplex C & 2 Du Pont Motors. 18 Elec Investors Inc Federated Metals T F & W G810 Bto P wp Mach Fis e Tire Freed E's Radio 3 Freshman Chas -wi Gillette B B .. Goodyear Tire Grimes R .. Hall Swi & Rig Co zeltine Coi Iuter-Oce Radio Cor Tnter Ut 2 Jones. Lehigh Lehigh Liberty Ra Marcon! Wire Can Middle Wext Util Muxle Master, Motor Wh new wi. Murray Body Corp. t Distil Prod Nat Power & Lt.. 20: Niek Plate new wi, Omnibux Corp A pf Omnibax Corp vte. 3 Paige Motor. 7 Pyrene Mfg 1 Rosenbaum 8 Rova R c tr ofs.. 2 Sillea_Gel Prod n vie 1 Ehartnck G wi.. 1 E4 67 pt ter Co s, Ter Hant 1&E 't Thermiodyne RC Thompson R € vie Thread Co nfd Union Carbide Tn Lt & Pow A Ward Rak Cor R . Ware Radio Cor Western Power Western Pow prd Wickw Sp 8t Co MINING. Arizons Globe Cop .36 Caiaveras Copper .. 2 Ounaris, Copper . . - B S . a W% First Thought Goldfield Dev idfield Deel id Stat Harmill_Div Hecla Mine. Howe Bound.... .. 8 Independence T.ead .20 Jerome V Devel. PROUTIS TR0 WCICTT ] O W M New Jersey Ohio Copper. 10 Parmac Por . 58 Piymouth Lead M. 1 Premier Gold Min. 70 Rilverdale .. 02 10 #il King DIv' Mines 04 10 Silver Pick ...... .01 2 United x 7 Continéntal.. .13 ity Gold Utah Apex 20 Wenden Copper SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Aluminum Co, of Amer. a 1933. 107 American Sugar 6s 1937 1012 American Tel. & Tel. 6 1925 127 Anaconda Copper fs_1929.... . 103% Angio-American Ofl 7iis 1925.. 100 Assteiated Ofl ds 1995, Raltimore & Ohio 8x I Bell Tel. of Canada Bs 1 Central of Georgla 8 1 Cent. Lesther 35, April 15, & St. Taul 6s 934 . 1. & Pacific 53 1 of Lyon 6s 1934, s Columbia Gas & Ei. 1st 53 1927 Continental Gas & El. 8s 1027.. Du Pont 748 1931 - Federal Sugar Ret. 0s i6d3 Federated Metals 7x 1939 Goodyear T. & K. 8 1931 Great Northern Ts 1936, @uit oll Corp. of Pa. B! Humble Oil 5348 1932 Lehigh Pow. Sec. Corp. M., St. P. & 8. 8. M. 8145 1881 Morris & Co. Tlgu 100, 2 New York Central 6 193: Oregon Short Line 4n 192 Penne. R. R. s 1080 Pure OIl 3. Auguut, 'i63 Bwitt & Co. 3s 1082, Tidewater Oil 6155 193 Ualoa Tank Car house E. & M. T & Body Cor, s P aner hody Corn, a5 1628 er y Corp, 6s . chlled g went Februasy 1. 1025, at gom 0 1O PeT CLOSE PRICES STEADY. NEW YORK, February 7 (Special). —The cotton gbods markets closed the week quietly, with prices un- changed. Print cloths weére quoted agein at 9% for 64 by 60 and 113 for 68 by 72. - Raw silks were quiet and unchanged. ‘Sagging Tendency in Cotton Week’s Market Stocks, Grain and Lower Money Rates Also Special F eatures—Sterling Reaches Peak. momentum, has always gone too far. There are no immediate signs of change, but an advance so protracted and extensive as that which has occurred since the first week of No- Vvember must be regard® as having discounted a lot of favorable de- velopments in the business world. Scare Over Wheat Unjustified. The conclusion to be drawn from the past week in the wheat market is that the scare over a serious shortage has bsen exaggerated. Not enough thought was given to the natural law which is that_with the price above the 32 mark, Europe {s bound to cut down its purchases and use substitutes as it has numerous times before. The break in the more distant options, representing the 1926 harvest, has In view the likeli- hood that there will not be again any such extraordinary deficiency in the Canadian northwest as there was in 1924, < Sterling Exehange Reaches Peak. ‘The rise in sterling exchange ap- pears to” have been definitely halted. This may be due to natural causes or it may be due to the desire, openly expressed on the part of some English bankers, not t6 be In a hurry to get back to a gold basis. The French paper note circulation, according to the latest statement of the Bank of Fran. has reached a new high record for all time. This does not agree with what has been printed from high financial sour n Patis about the end of the inflation- ary period having been seen. The lire has had no great recovery, but it has stayed down under the propaganda of a few weeks ago, 1inau | | tinues fairly active, especially in the INDUSTRY EXPANDS INNEARBY STATES Babson Reviews Conditions in Maryland, Virginia and West Virginia. BY ROGER W. Special Dispateh to The Sta BABSON PARK, Fla., February 7.— In my annual review of business in the East 1 have made a study of Maryland. A small amount of unemployment is re- ported in several of the larger cities in this State. However, industrial activity is increasing slightly from month to month. Seasonal curtailment Bf such work as road construction, and to & cer- tain extent of building programs, has af- fected a small number of Iaborer: chiefly unskilled workers ¥ Conditions In Virginia. Very little change has yet occurred in trial conditions in Virginia. Prac- tically all the major industries are op- erating on satisfactory schedules, with normal quotas of employes engaged. A small amount of unemployment s re- ported in some cities, but this ia more or less expected at this time of year. Bullding construction continues on & rather large scale. ‘Weat Virginia Improves. The general industrial situation in West Virginia continues to improve. There is & surplus of unskilled labor in some dlstricts, largely due to the suspension of road bullding. The de- mand for miners in most of the coal mining flelds is increasing, and the large surplus of this class of help, which has been so apparent the last few months, {s' rapidly decrstsin With the increhsed movement of coal, rallroad shops are again operating on tull-time schedules. Building con- BABSON, larger citiss, Long View Encouraging. The net result of these facts is that conditions are slowly improving, but that the improvement has thus tar been slight in most lines. I, how- ever, am optimistic for these States to the next two It the chart of United States business con- ditions, which now stands at 7 per cent above normal, continues to hold to this figure, these industrial must pro s Is especially true In view of the improved European situation. GRAIN AND PROVISIONS. BALTIMORE, February 7. (Spe- cial).—Potatoes, per 100 pounds, 1.26 21.65; sweet potatoes, barrel, 2.50a yams, barrel, 3.00a4.00. Beann, hamper, 1.00a4.00. Beets, hundred, 8.00210.00. Brocoli and kale, bushel, 80a7 Brussels sprout quart, 20a 30. Cubbage, ton, 25.00a30.00. Savoy, bushel, 75a1.00. = Carrots, hundred, 7.00a8.00. Caulifiower, crate, 2.50a 2.75. Celery, erate, 2.50a3.25. Egg- plants, crate, 06.00. Lettuce, basket, 2.25a3.00. Onions, 100 pounds, .2.753.26. Oyster plants, hundred, 8.00210.00. Parsnips, basket, Prase, hamper, 3.0025.00. crate, 3.00a5.50. Spinach, bushel, 1.50 al1.75. Squash, crate, 3.50a4.50. Toma- toes; crate, 3.00a5.50. Turnips, basket, 65885, Apples, packed, barrel, a7.50: ! bushel, 1.00a2.25. Cranberries, box, 5.0006.00. Grapefruit, box, 2.00a3.25. Oranges, box, 3.00a4.50. Strawberries, quart, 35a45. Sclling Prices at Noen. Wheat— red Winter, spot, ex- port, no quotations; No. 3 red Winter, spot, domestic, 2.03%; No. 2 red Win- ter, garlicky, domestic, 2.03%; No. 3 red Winter, no quotations. { Sales—None. Corn—Cob, new, yellow, spot. 6.50a .75 per barrel; track corn, yellow, No. 2, 143a1.43%. Oats—No. 2, 68a681:; No. 3, 67a67%. Rye—Nearby, 1.40x1.60; No. 2 rye, spot, 1.63%, Hay—Receipts, 10 tons. The local hay market is firm on the better grades of timothy and choice light cluver mixed hay, of which' the offer- ings are limited, while demand Ix good. Low grade and Inferior hay is dull and of irrégular value. Quotations today: No. 2 timothy, 20.50221.50; No. 3 timothy, 17.00a19.00; 0. 1 light clover, mixed, 19.50a20.00; 0. 2 clover, mixed, 17.00a18.00. StMaw—No. 1 wheat, 16.00217.00 per ton; No. 1 oat, 16.00a17.060: No. 1 straight rye, 18.00a13.00 NEW MERGER TALK HEARD. NEW YORK, February T7.—Wall Street heard today that negotiations were under way toward a consolida- tion of the larger outdoor mdvertis- ing companies of the country which would embrace the O. J. Gude Co., | Thomas Cusack Co. and about 15 or 20 other companies. YOUR INCOME TAX Expert Advice en by United States Internal Revenue Bureau Based on Latest Changes in Legislati ARTICLE NO. 26. The tax en dividends is an impor- tant item In the returns of many tax- payers. A dividend, as defined by the regulations under the revenue act of 1924, comprises any distribution In the ordinary course of business, even though extraordinary in amount, made by a corporation to its share- holders out of its earnings or profits accumulated February 28, 1913. | aim ‘While dividen are generally paid in cash, they may be pald in secu ties or other property. For exampl a corporation may distribute among its stockholdérs securitiés in which it has invested its earnings. Such se- curities, no mattéer what their nature, are to be reported as dividends by the stockholders at the fair market value of the date of the receipt. A taxable distribution made by a corporation is income to the stock- holders as of the date when the cash or property was unqualifiedly made subject to thelr demands, regardles of when the earnings or profits out of which they were pald were accumu- lated. Cash dividends, in the hands of the individual, while exempt from all normal tax, are subject to the surtax rates for the vear in which re- celved. A stockholder pays no nor- ‘mal tax on dividends for the re: that the corporation which declare: them is subject to the normal tax on the earnings out of which they areq paid. The tax on corporations is 13% per cent ot the net income subject to tax. The Supreme Court has held that the issuance of its own stock by a corporation as a dividend to its shars- holders does not constituté taxable The revenue act of 1924 spe- cifically provides that a stock divi- dend shall not be subject to the tax, but if betore or after the distribution of any such dividend the corporation proceeds to cancel or redeem its stock at such time and in such manner as to make the distribution and can- llation or redemption tially equivalent to the distribution of a taxable dividend, the amount so dis- tributed in redemption or cancellation of the stock shall be treated as a which .tried to make it appear that|taxable dividend. there was an internatio: campaign ression under way, striking against the Mussolini government. (The next article In this series will Appear tomorrow.) C, SATURDAY, FEBRUARY 7 1925, FINANCIAL N - 2 R L P e ST R R S R R SRS B e INDUSTRIAL CONDITIONS \c——n|————[n] FODDCOSTSCLING INMANY STAPLES Tumble in Wheat May'Keep Bread Down—~General Trend Is Upward. BY J. C. ROYLE. Special Dispateh to The Star. BEST IN MANY MONTHS Special Dispatch to The Sta BALTIMORE, Feb: was a better ind Baltimore during Januay than at any time since the Spring of last year, ac- cording to the report of George B. McAllister, director of the Municipal Employment Bureau. “The trend of labor demand, Mr. McAllister added, was sharply up- ward, and reports from local indus- trial plants would indicate that this trend reflects a very general, as well as steadily i ing improvement in local business conditions.” e Many women of title in London are opening trades sho NEW YORK, February 7.—Nearly every American In these days of bus ness and industrial activity knows where his next meal is coming from. It is coming right out of his pocket and many are considerably worried at present as to just how much the next meal Is going to deplete the pocket’'s contents. The trend in some of the staple articles of food undoubt- edly is upward. To what extent that trend will obtain and for how long a time, Is by no means certain. Leaning on the staff of life costs the consumer 10 to 20 per cent more than it did a month ago. In many sections the amaller bakers, gro- ceries and chain stores have advanced the prices for bread, rolls and pastry. They have run out of supplies of flour bought when both wheat and flour | were lower. Larger Dakers 8 The larger bakers who saw wheat as a possibility months ago bought heavily on contract and still are maintalning their old prices. It is @xtremely probable that they will continue to do 0, since they have re- Peatedly idered it better policy to make a small profit and increase customers and oufput than to fix the price “at all the traffic will bea They count upon winning over at least some of the business formerly held by bakers and dealers who have had to boost prices. Wheat Outlook Better. The bread situation is dependent entirely on what wheat does. It is significant that the belief is growing that the world shortage of wheat has been over-emphasized and that with a-good crop next Summer in prospect the situation will be eased. Other countries also are wor- rying over the price of bread, but in America the use of wheat substitutes does not promise to become wide- spread. Other grains also are highn | price and use of substitutes for wheat flour did not become popular even during the war. Cereal foods un doubtedly will follow the price trend of the grains. Rice is in a strong statistical position and prices are high and advancing. Hegs Shoep Higher. Hog and sheep prices are around 40 per cent higher than they were a year ago. Cattle prices have had an adyance in that time of only about 9 per cent, but there seems little prob- ability of lower figures for meat. Then heavy marketings of anima last year has out down available this season. Bacon, ham | and lard have already moved up from the low levels of 1924. Beef has not advancad to such a degree, but choice cuts are expensive and ays will be. Potatoes are steady, but with no indications of marked drops in price. Cofice Much More Costly. Coftee has advanced sharply, and even indications of reduced consump- tion have failed so far to bring it down at retall. The state of Sao| Paulo, Brazil, has been successful in regulating marketing to keep price up, and retailers here have emall stocks, since they have been hoping | for a marked drop in quotations and | delayed purchases to take advantage of it. Y Teas are firm and strong both here and abroad, having been favorably | affocted by tha recent rise in English | exchange. Large shipments of cocoa, beans are on the way, and slightly | lower prices for products made from | them cre anticipated. Sugar is low, with little prospect of sustained ad- vance, In view of the heavy world production this year. ed. Larger Egg Supply. The warmer weather has resulted in better supply of eggs and lower prices, but storage stocks are rela- tively light. Butter is firm and so is cheese, Canned fruits, vegetables and fish are in fine demand, with higher levels in prospect. Dried fruits are in relatively small supply and prices have risen in consequence. Sirups also are up and the trade anticipates no recession. Fresh vegetable ship- ments from the South and South- west have been good, but quotations have been varfable owing to the rapid | changes in the weather. Citrus fruit growers are receiving excellent re- turns for their shipments. Taken all together, there are no intfcations that the “next meal” of the American people Is going to cost any less. PRAIRIE OIL COMPANY BOOSTS PRICE ON CRUDE! By the Associated Press, INDEPENDENCE, Kans., February 7.—An increase of 5 cents a barrél for crude oil of 42 degrees gravity, baume gravity and above was an- | nounced today by the Prairie Oil and Gas Company. The new price at the | well In Kansas, Oklahoma and North Texas for this grade is $2 a barrel. el Query the Promoter. Determine how much of his own money the promoter is putting into his scheme before you decide to risk yours. Don't take his word for it— make him prove it. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. FUNDAMENTALS OVERLOOKED: The trader who makes his living, or tries to make a living, by buying and selling speculative stocks 18 taught in the primary class “to run" at the first sign of danger. If he does not learn this lesson he doesn't last long enough to take the next. But the misfortunes of the specu- lator are often the opportunities of the Investor. It is commonly believed that Wall street traders have a mo- nopoly of financial wisdom and that they always buy stocks at the low points and sell them to the confiding investor at the highs. This idea is considerably exaggerated. As proof, take the record of the ‘number of stockholders of the United States Steel Corporation and, studying them over & period of years, it will be found that when the price of United States Steel common is low the num- ber of shareholders invariably 1 creases and, contrarywise, when t price is high the number decrésses. In other words, it Is the speculator who buys at the high prices and the investor who sells. All th fundamentals are over- 1o0ked by the speculator when. he comes to invest money. If the mar- ket price of the security he has picked out should happen to decline after he h bought it he becomes panfe-stricken and wants to sell im-« mediately, forgetting that in invest- ment it is value, and not price, that is the important thing. The investor does best when he buys when other people want to sell, always provided that there is real merit back of the investment. . (Copyright, 1925, by Oomsoftéeted Press.) the supply | Continental Trust Company Capital One Million Dollars 13ch & H Streets Applications Wanted Interest Rate 6% and 6Y2% Apply Loan Dept.. C. L. O'DONNELL, Mgr., CHAS, D. ‘SAGER, Realtor, 924 14th St. N.W. WE FINANCE Apartment Houses Business Property Resfdence Property Hotels, Ete. Hi‘bi:ll&lfllt‘liclt N.W, lnc' ~ FINANCING B V2% v FRED T. N Inveatment Building 38 Main 37 38 FROM $50 TO $100 Can Be Obtained by Using Our Certificate of Inventory, Appraisal and Titl CHATTE:L TITLE COMPANY %05 Fifth St. N.W. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F St. JOHN POOLE, President Boourss ey 8rst deed of trust on real estate Prevailing interest and_commisslon Juzh; L Weller ¥4 % & Fi 0DD LOTS MARGIN ACCOUNTS DIRECT PRIVATE WIRE CONSOLIDATED STOCK EXCHANGE BUCK & CO. 312-313 Evans Bldg. 1420 New York Ave. N.W. Phones Main 8673 2 When You Have Funds to Invest, Consult WELCH Loan Specialist Established 1899 637 and 79 Real Estate Notes for Sale in Amounts from $250 Up to $1,000 or More. Consult Welch, Realtor 15th & N. Y. Ave. M. 4346 References: Any Bank, Trust Co. or Title Co. In the District. No loss te an Investor in 25 years. Money to Loan We have funds available for first_trust loans on approved D. C. Real Estate. Our charges are moderate. Moore & Hill, Inc. 730 17th St. N.W. Member Washington Real Estate Board MONEY TO.LOAN 51/2 % Any Amount Apartment Houses Maximum Security with an annual net yield of 12% Combined with a definite increasing value and quick marketability are the domi- nant factors in our Exclusive Washington Investment Properties Complete statements on re- quest, or phone for appoint- ment to make personal in- spection. C. P. Barrett ! ESBIT MONEY TO LOAN in any amount on & FIRST MORTGAGE = District of Columbia Real Estate Thos. J. Fisher & Co., Inc. 738 15th Street Phone Main 6830 WhenYouNeedaLoan, Think of WELCH, Loan Specialist Money to Loan At 51, 6 and 612% Interest Before Placing or Renewing Your Tot o Snd Trust Consult WELCH, Realtor Loan Specialist 15th and N. Y. Ave. Main 4346 Integrity toward the Inies- tor §s evidenced in Values Fixed by our Apprassers. First Mortgage Notes in amounts of $50 and up. 7% interest on the day due. Purchasable by monthly payments. Consult Our Trust Dept. or send for Valuable Booklet Goldsmith Building d 1405-7Eye StN.W, M 9670 Funds Available for First Deed of Trust Loans 51,9, Immediate answers Curtails not required Glover & Flather 737 15th Street Important Consideration When planning to in- vest funds, whether for one’s self or as trustee, is ‘to _be assured that the PRINCIPAL IS THOROUGHLY SAFEGUARDED. Thie characteristic is a prime factor in all of our FIRST MORTGAGE INVEST. MENTS—and still they earn the liberal rate of 61,% in- terest. Denominations $100 up. Partial Payments May Arranged Mortgage Investment Dept. SHANNON & LUCHS 713 & 715 14th St. N.W. M. 2345 MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST Reandall . y@nefl v %. 7327 Connecliout s wine —are Over a Quarter of a * Century Without a Loss. Main 2100 CONSERVATIVE INVESTORS interested turn, but they always look first at the security behind the loan. So does this company. FIRST MORTGAGES —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. Let us tell you about them. B. F. SAUL CO. in interest re- The 925 15th St. N.W. Roékets and Rockies ly. day they are due. slowly, but surely/ Realtor Main 9016 150z K St. Speculative stock issues may be compared to fireworks. They may shoot up brilliant- Yet no one can anticipate when the appalling descent will begin. But First Mortgagesare not fireworks. The values of «the offerings of a house like Swartzell, Rheem & Hensey Company do not diminish. ~ Year in and year out invest- ors receive their interest payments on the Our First Mortgages are the Rockies of investments —they make fortunes mount ARz ML 0 shingtonD.C. 55 Years Without Loss to An Investor