Evening Star Newspaper, March 12, 1925, Page 29

BUTTER AN EGE PRIGES GO HGHER Storage Supplies Disposed at Profit—Meats Hold Steady Here. Butter and egg prices have stead- 11y increased the past few days, mak- ing the market very firm. Early re- lich from the high prices is not antici- patec. Scaraity of f butter has en- abled holSers of storage stock to get rid of their holdings at a profit, it is Stated Tt is probable that will not wait until April to begin Dutting away eggs for next year's market, local dealers believing March &s will be put in Storage at prices not far below 30 cents. This will mean high Winter or heavy losses,” 4 dealer remarked. Western Butter Iigher. Western dealers reported 1ce of one-half cent in prices yesterday, but the siight ad- ance has not vet been felt in the local market. Fancy tub butter to- day was quoted at 52 and 54, fancy prints bringing 35 and 57. Storage butter was quoted at 44 and 43 Fancy selected. candled eggs today were quoted at 28 and 29. Average receipts were 28 Prices of other| commodities were about the same as vesterday Today's Wholesale Priess. tub, 32a34; prints, ed, 2042 storage firms eggs next local an ad- butter ter- Eggs—Fancy, €0: average receipts, Poultry—Alive: Roosters, Winter chickens, 35a38; , 2 1 keats, young, 5a20. Dressed: chickens, 50a38: roost- a30: turkeys, 45a . 20a25; capons, | each: geese, Fresh- killed Winter ers, 19a20; fov 50: ducks, 40245, Live dium, : gee: choic lamb me- spring, stock—Calves, 10a11; thin, 8a3; e hogs, 20222 shoulders, 1 uit and Vegetable Review. day's market report on fruits and bles (compiled by the Market ervice Bureau of Agricultural Economles) says Apples—Supplics moderate, market Maryland, Virginia and West Vir-| es up, Black Twigs, | §.0046.50; Winesaps. g orthwestern, me- dium to large sizes, extra fancy De- | liclous, 4.75; Winesaps, 3.754.00;( Romes, mostly, 3.25 Cabbage—New stock; supplies lib- eral; demand moderate, market firm Florida, 112-bu. hampers, pointed tvpe, | a old stock. no tale reported ry—Supplies moderate; demand ady; Florida, moderate: d mand moderate, mark-t steady; Cal fornia, Imperial Valley. crates. Ice- berg type, 4 doz, 4.30a4.7 do: 1.0024.30 Onion Market Dull. demand limited: steady: barrels. | ks, 7.50a8 boxes, Onions—Suppl ht. demand lim- ited. market dull; New York and Ohio 100-pound sacks vellows, U. S. No. 1, medium to large 10stly 3.00. Potatoes—Supplies moderate; mand moderate, market steady: stock. New York, 139-pound sack Aind whites T S Ne. 1 fow fancy. per sack: Michigan. | po Russet Rurals, U. No. 1, 230a240 per sack: Malne, 130- pound sacks Green Mountains, U. S No. 1, fair quality, 2.50 per sack; new | stock. Florida, double-head barrels, Spaulding Rose, U. S. No. 1, 12.50a | 13.50. i Spinach—Supplies liberal: demand | moderate, market fairly steady: Tex- | as, bushel baskets, Savoy, 1.00a1.25; ! South Carolina, barrels, Savoy. 2.90;, Virginia, Norfolk section. cloth-top | veneer barrels, Savoy, ordinary qual- | ity, 2.00. i omatoes—Supplies light: demand | moderate, market firm for good stock; | Florida, sixes, ripes and turning, wrapped, best fancy count., 5.0026.00; choice count, 4.50a5.00. Cauliflower—Supplies moderate: mand moderate, market steady: fornia, crates, 2.00a2 according to! quality and condition { Strawberry Suppliex Light. 1 Carrots—Supplies light; demand | limited; market steady: Texas, bushel | baskets, 1.75a1.85. Beets—Supplies sales reported. String beans and tically no supplies les reported Squash—Supplies moderate; mark pepper crates, w Strawberries—Supplies v demand good; market firm pony refrigerators, 60a63: mostly few leaky, Egaplant —Supplies moderate mand light; market steady; pepper crates, large sizes, small sizes, 3.00a3.50. Peas—Supplies light: d erate: market steady pound crates, falr limited: no early | peppers—Prac- on market: no light; demand steady; Florida, 5.00. | light: | Forida, 60; ite Mexico, 9.00. What Experts Buy. Tratned investors always buy | curities that have a substantial loan value. One of the surest methods of determining the value of any stock i€ to seek a loan on it. If your banker declines to consider it as collateral ¥ou can rest assured Its marketability does not amount to much. MORE FOREIGN BONDS. NEW TORK, March 12.—Negotia- tions have been completed by a local hanking syndicate, headed by Harris Iorbes & Co.. for the purchase of 5,000,000 first mortgage 6z per cent «old bonds, due in 1950, of the Elec- tric Power Corporation of Germany « trowerke Aktiengellschaft), re- ported to be the largest producer of clectrical power in Europe. offering of the bonds probably will be made in a few davs. LEE RUBBER HAS LOSS. NEW YORK, March 12.—Lee Rubber and Tire Co. reports a net loss for 824 of $231.472, after charges and depreciation, compared with net loss of $7L813 in 1 The balance sheet showed a reduction of $600,000 in notes payable during the year, mak- ng the total $2,200,000 as of Decem- ber 31. Net sales increased to $12.- 371, against $3,390,397 the year be- fore. GERMAN STOCKS AND BONDS. (Quoted in dollarw per million marks.) » Bid. Asked. 5 75.00 “1s 1919 <ol 5s (forced Toan) Rerlin 48 pre-wat......... Hambg 35, 3138 & 48 pre-war Hamburg Amer Line 4158 North German Lioyd 43s. orth German Ll S ssian_Consols 3158 Krupp b8 1921... Dusseldorf s 'pr Frankfort a-M 4s pre: Mupich 4 Radische Anilin A'E G (Ger Ge Eloc) Commerz and Privat Bank > 440 per quart {4 | Risgs Public | Discouto Gellschatt Mereur Bank Viemn NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN, NEW YORK, March 12.—Higher prices were the rule on the curb ex- change today, but a number of weak spots continued to crop out, and re- sulted in lower prices for u few in- dividual stocks. In connection with the rise of 3 points in Electric Bond and Share Holding Co., the street had the report that a new organiza- tion would taKe in & number of companies in which ctric Bond and Share holds a substantial inter- est. Directors early in the day de- clared an initial dividend of 25 cents a share on the new stock. American Power and Light new ran NEW YORK, March 12—Following is an official list of bonds and stocks traded in on the New York Curo Market today: in BONDS. thousands. [ 1 Allied Packers 6s Allied Packers Sv Alum 78 new Am Beet Sug 5 Am Gas & Elec 6 Am TPow & Lt 0x Am Sumat Tob Tius Am Rolling Mills 65 Anaconda 6s . 4 Ao Sim Tidwe 6ia 0 AUl G & W 188D Reth’ Steel Low. It Serr 7x D... i Serv fs E. = t Serv P & Li 6a Cons Textlles Ss. Cuban Tel 7iss. Cudahy 5las Deece & Co Tigs Detroit City G Detrait Edison Dunlop Tire & R 7% Gair, Robt Ts. Hood Rubber ix.. . Libox McN & Lib 7% Lig- WL real est T Menitoba Power 7. Mid Cont Pet 65 Morris & Co Tl New Orl Pub Ser Nor States Pow Glan Nor Sta P M 638 C Ohio Pow 55 B ... 0PSO T LeBawe teBale 6138 8145 wi 8l3n wi g wi 3% wl 85 ‘37 wi 8% 38 wi 8%s 50 wi o Pried Ltd s Gov 6lgs i cf: & Hul 7n 5, Sales in un t 4300 10 10 Ruckeye Crescent P L....00 1% Combertand ¥ Lo 184 Sg Ol pf new 102 Hombie Ol & R... 481 RIEPIL) 118 p O of Can new 31 P 100 Nor hera P L. Ohio Ol ... S Prairie 0 & G new. Vacuum 0! INDEPENDENT 011, STOCKS hundreds, 2 Carib Srod 3% it Serv 18! it Serv t Serv it Se: ‘olumbian Synd 1% C e 1¢ 5 ¢ 109 ¢ Washington Stock Exchange. SALES. Wagh. Rws. & Elec. pfd.—3 at 828, 5 at 2%, 5 at 8214, 2 at 82%. Amer. Security & Trust Co—1 at 325, at 325 Laoston Monotype—10 at S3%, 10 National Mtge. & Inv. pfd.—40 a 209 40 aL 9% AFTER AU - at 2% Wash. ¢ Amer. Secur'ty and Wanl, Rws. & Elec at 1015, National Mtze. & Tnv. pfd.— Wash. Gas Light—10 at 80%. Monoty pe— E § aud 6 per ceat BONDS. PUBLIC DIILITY Tel. & Telga. 4 n Tel. & Telga Tel. & Tel. ctl. tr. Ss. Tel. & Tel. conv. Bs costia & Potomac 5. Anacostla & Potomac guar. . & P. Telephone s, C. & P. Telephone of Va. pital Traction R. R. 5 City & Buburban e Georgetown Gas Potomac Elec. 1st 3¢ Potomuc Biec. Potomnc Elec Pot. Eiec. Pow. g m. Wash., Alex. & Mt. Ver. : h . Ver, ctfs.. Washington ington Gas 8s. Wash. Rws. & El Wash. Rwy. & Eiec. MISCELLANEOUS. Rixes yeuity 3 (long) 15k ealty 5s (short). Sosthern Bidg.. 8t - Wasi: Market Cold St Wardion Par Hotel 8 STOCKS. PUBLIC UTILITY. . 134% ez Washington Nann mwr. & Hle Wash. Rwr. & Ele Terminal Tazi com. NATIONAL BANK. National Capital. Columbia - . | Commercial Farmers & Mec Federal-American Liverty Lincoln . nal’ Mei TRUST COMPANY. American Security & Trust Contincatal Trust. Merch Baok ommerce & avh o sauington Security Savibgs Seveats strect s s\'n-l:;mgwn Mechanics’ FIRE INSURANCE. llxualll Unios TITLE INSURANCE. in Title 3 S ERaie Ti0 MISCELLANEOUS. hants’ Trapster & Storage.. 110 e enthaler Linotype Nethonsl Mtg. & Inves Dutch Lanston Monotype Security Story up in sympathy with strength in Public Utlities both on the stock and curb exchanges. It was an- nounced that directors had declared & regular quarterly preferred divi- dend of $1.50 @ share. The hizgh-priced National Power ran up more than 7 points when it pa: d Middle West Uiiities gained almost 2 points and Commonwealth Power advanced a point to 111. oming Oils featured the oil group. Salt Creek Producers and Moun- Producers reaching their best on the move. Goodyear tire com- mon had discounted the highly favora- ble report for 1924. Hazeltine featured the radio group, dropping to a new low record under heavy eelling orders. Kirby_Pet Lago Pet : Lutin Amer Uil Lance ¢ . s Mount Ohio Fuel” il Ohio Fuel Cor Peer 0l Cor . ! i ‘ext States O 15 Wilcox 01l & Gas.. 6% RIALS. 3Am C & F Con wil 2 Am Awm Am S Am Am Am Superpow Ar & Co A Atlantic Fruit City R K. Ada "M n pf 104 Car Light ..... 4 Centnt Lipe ‘Corp. 18 Chapin Sacks & Lo 13 3 Chatierion & Som. 2 Check Cab 3Mf A Cicreland Suio” pid Com FPow Cor.... 111 Com Pow Cor pfd. 811 Cow Pow Co war... Cons Gax Balt vew. Cuotinental Bak A 1 Cootinental Bak B. 4 Coutinent Buk pfd 961y atmental ‘Tob loc 21+ De_For Rad Co v D L& W Coul Dubltier ¢ & R Dunhill Juti Inc Durant Mot ... bu Pont Motors. Duz Co A - Ei B & § bew cor 62 Eicc lovestors lac. 44 ciim lowpect Mach 83 Freed Enemann K. 12 Fresunan, Chas. rod_Corp b 1L &KL 18 0 Uutaoor A vic 22 Gllletie 8 R...... &1 Gooagear Tire Greuuau Bakerles Grimes B & U Lec piness Candy A Hazeltine Corp. 281 3 ial Cout'l Kuvber. 6 Int'l Matclr cor pi 41% inter-ocean Radlo, irelvinator < Lansoser Hig Co A Lemgh Leny FREEE TS O IO, P O O 0% iy Ra Ch Strs gel Bz . Middle West d West Ut pr R Move Diop Forg A 66 Mot Wh Corp new Motion Pict Cap... Master Corp 8 Nat Dis Pr v tc pi ey otcf Paige Motor Vatie Exch power Corp of N Y Pratt & Lam Corp. kea lce Cream pt Keo Mot . o Rem: Noiselens T A Kova Rado tr ol Seagrave Corp Shattuck F G. Tng cin Cal A pf A I Spear & Co wi.... Ewift latl Bwitt & ¢ . 2 Tenn Elec Power Thermiodyne Had C Thomp K C v t cfs Union Carbide ... United Lt & Pw A United Pft Sbar .. % Ut Pw & Lt Cp A U S Light & Heat.. 3 Victor Talking Mch are Radio Corp.. arner Bros Pic A Weatern Power ... Western Pow pfd.. White Rk M X nw Wh Itk M S n vtc 204 Wick Spen 5t C wi 5iy Yel Taxi Cor N Y. 16 MINING Arizona Globe Cop.. Calumet & Jorome Canarlo Copper . Chigo Ext Mines . Oop_ Mines son Gold ... Dinmond _Blk Butte Dolores Esper . Emma Silver .. 3 Eng Gold M Lid Ind Eureka Croesus ... . Forty-Nine Minew ldfeld Develop. - Gold Zone . (o Hagmil Div 00 Hollinger 5 Hecla Mine . 5 Howe Sou v Independence Lead. . GibicaNeo s Kay Copper Corp... Kerr Lake ... MeKin Dar [l New Jersey Zinc Ohio Cop ... Parm Porc M L Plym Lead ' Mines Premier Gold Min. Red Warrior .. Silrer King Di M. S0 Am Gold & P Spearhead God . Stand Silver Lead 3 Tono Belmont Tonopah Exten 2 Tonopah Min . Gnited Bastern M Cnited Verie pxt U 8 Continental > Utah Apex ... .. 12 Wenden Copper ... 10 Weat, Utah -....... PARIS BOURSE UNSTEADY. PARIS, March 12.—Prices moved irregularly on the bourse today. Three per cent rentes, 47 centimes. Exchange on London, 93 centimes, Five per centimes. The dollar was quoted at 19 francs 491 centimes. Wi 2433 i 2y 1345 3asy 17 cent loan, 56 francs S0 EQUIPMENT EXPORTS UP. Exports of machinery from the United States for the fiscal year end- ed June 30, 1924, totaled $130,000,000, or 14 per cent more than in the pre- ceding year, according to figures is- sued today by the Department of Commerce. British exports for 1923 fell off 40 per cent and German 33 per cent. GAS INCOME GROWS. NEW YORK, March 12.—Columbia Gas and Electric increased its 1924 net income to $6,707,273, equal after preferred dividends to $4.41 a shar. on the common, compared with $5, 555,939, or $3.70 a share, in 1923. Gross earnings of $26,727,581 exceeded th of the previous year by more than $5,000,000. APPLE BUYING SLOW. NEW YORK, March 12 (Special).— Barreled apples were in fairly liberal receipt teday, and trade was general- 1y slow. A grade, 2% greenings, sold low as 5.00, and as high as 8.00; Baldwins at 5.50a6.50, and McIn- toshes at 12.00a12.50, Tn less than six years 1,600 murders bave been committed in Chicago. FIRST MORTGAGES FOR SALE Denominations of $250, $500, $75J, $1,000 and upwards 6Y2% All Loans Made on Property Located in the District of JAMES F. SHEA 643 Louisiana Ave. N EARLYSEED CORN TESTS AE RGED Agriculture Department Says | Farmers Must Act Quick- ly to Prevent Losses. — First Mortgage Bonds On Income-Producing City Prop- erty of General Utilization— The highest type of investment known. Now Offering 20-Year 616 % Sinking Fund Gold Bonds, Roger Williams Apart- ments, Providence, Rhode Island. Union Discount Company, Inc. NEW YORK Philadelphia, Bosten, Albany, Newark, Preliminary reports obtained by the Department of Agriculture on the seed corn situation indicate that what might well have been a catas- trophe has been averted. The situa tion still is serious, but with car and foresight adequate supplies o seed corn should be available in nearly all sections of the United States. Special Tests Urged. Actual germination tests in differ- ent sections of the country of seed corn intended for planting in 1923 have shown a viability ranging from almost nothing to more than 90 per cent in the same locality. It is evi- dent, therefore, that the only way to prevent the losses that inevitably follow the use of poor seed corn is to test each lot with great care, Do it now. If the seed proves poor there still is time to get better seed elsewhere. It cannot be obtained this vear at the last minute before | planting | Delay May Prove Costly. The State agricultural colleges have been making every effort to de termine the sections within their | States where a seed corn shortage | exists and the sections where sur- | pluses are available. rmers should lose no time in determining whether or not their seed corn will grow and in getting in touch with their county agents or State agricultural colleges if they need ass a surplus of advise these agen Only by immediate fullest co-operation can farmers avoid losses due to planting poor seed. : 2 | “WHEN” buying our CONVERTED BONDS WILL SR —— DRAW DIVIDENDS SOON| 61/2% INVESTMENTS NEW YORK, March 12.—Conver of the New York Central Railr debenture 6s into stock is expected to | be stimulated the rest of this month | You are assured due precaution has been taken to safeguard your interest. A per- sonal inspection and comservative valuation are two of our strict requirements. Prompt n order to derfve the benefits of the | ular diyidend declared yesteray on | and courteous service follows the purchase of our securities. 300 Southers Bidg,. Washigto outhern Bldg.. Tain fire it SECOND TRUST NOTES PURCHASED AT CURRENT RATES, PROMPT ACTION UNION FINANCE CO. 1410 H St. N.W. EII | care and the ock of record April 1. More than 000,000 of the debentures already | have been converted. The privilege “xpires April 30 and the common divi- dends are payable the day after Notes now on hand in amounts of $100 up. ©O'Donnel J. N, WOOL PRICES SHADED. BOSTON, March 12 (Special).—The || € 1« Boston wool trade was quieter today, ilthough more dealers showed a ten- lency to shade prices in order to at- tract business. Buyers be taking the position that their cue to wait for further news from the | London and Sydney auctions and see | if foreign prices will not bring Bos- | ton levels still lower. | gr. Mortg. Dept. Hughes, Asst. CHAS. D. SAGER Realtor M. 36-37-38. 924 14th St. N.W. seem to LESS ZINC ON HAND. NEW YORK, March 12 —Stocks of slab zinc in the hands of American producers on March 1 aggregated 15703 tons, a decrease of 2,293 tons compared with the month before. February shipments were 49,104 tons against in January and 54,1 in November, 1924, the high lev that y Production in February was tons against January FROM $50 TO $100 Can Be Obtained by Using Our Certificate of inventory, Appraisal and Title. CHATTEL TITLE COMPANY STEEL ORDERS DECLINE. NEW YORK, March 12.—Bookings of structural stecl last week dropped to about 18,000 tons, compared with about 35,000 tons the week before. New inquiries were placed at about 14,000 tons. RATES ON BAR SILVER. NEW YORK, March 12.—Bar silver, 67%; Mexican dollars, 52%. The definite system of safe- guards established for our First Mortgage Investments proves their value. REAL ESTATE LOANS Small and Large Amounts Refinancing on Long-Term Basis LOW INTEREST RATES Unlimited Funds Available FRED T. NESBIT t Bldg. In amounts of $50 up with interest yield of 7%. A monthly payment plan for systematic saving is available. Valuable snformation upon request. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F St JOHN POOLE, President i Goldsmith Buildmg ™ | 0405-7 Eye SEN.W,. M 9670 FINANCIAL., THE EVENING STAR, WASHINGTON, D. C, THURSDAY, MARCH 12, | | FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS Rt A Hoper . 1821 Conneclicat SHvenae Paid on Certificates of Deposit With These Advantages 1—Safety. 2—Money may be withdrawn at any time on reasonable conditions. THE MORRIS PLAN BANK t OF WASHINGTON Under Supervision of U. S. Treasury Paid-in Capital, $200,000. Surplus, $50,000. ' 13th and Eye Streets THE MORRIS PLAN 1925. Money to Loan Becured by nrst deed of trust on reai estate Prevailing luterest sod_cotamission., Joseph I. Weller ,‘fi'f",‘.',; L3 ",""‘,.: Compound Your Income From Securities SE our Investment Savings Plan to compound the in- come from securities you now own. Apply your interest and dividends toward the purchase of Smith Bonds, and receive 7% on these odd sums. 7% Our free booklet, “How to Build an Independent Income,” ex- plains the plan by which our $100, $500 and $1,000 First Mortgage Bonds, paying 7%, are sold on paymemts extended over a period of 10 months. Mail the coupon for a copy today. No Loss to Awy Investor in 52 Years The F. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS ‘Smith Building, 815 Fifteenth St. THR F. H. SMITH COMPANY Smith Building, Washington, D. C. Please send me your free booklet, “How to Build an Independent In: come. 7 Secrets of the Popularity of These Washington Mortgage Notes Mazimum safety and high re- turns are not the only reasons whs thousands of people prefer these Washington first mortgage real estate notes to investment market affords vthing the Many conditions that make for safety, stability and high yield exist in Washington, D. C., that are found in no other city in the world How, by methodical monthly saving of small sums, ans one, whether his income is large or small, can realize 614 % on these carefully selected securities, is explained in our new Free Book “Safety Supreme.” This book also explains in detail the numer- ous features of a plan that ab- eolutely relleves investors from all worry or anxiety. A copy of this valuable book- let is yours for the asking. Simply make request and you will be under no obligation Do It Today Mortgage Investment Dept. SHANNON & LUCHY) 713 and 715 14th St. N Main 2345 —uwith its magnificent public swimming pool— one of the largest in the If the Stock was valuable before, it is doubly so now! OFFERING Units of 1 Share "Preferred ($10 par) and 1 Share Common (no par) for $12.50 FINANCIAL. Always Worth the Price You Paid MONG the various forms of invest- ments, there is one which is outstand- ing for its safety of principal, fair interest return, and market value—it is the First Mortgage, secured by improved property and offered by a responsible company. For over fifty-five years our First Mortg- ages have always been worth one hundred cents on the dollar, and during that time no investor has lost a single penny in cither principal or interest. Our First Mortgages are now yiclding 6% interest, paid semi-annually on the day it is due. They may be purchased in denominations of $100 and upward. SWARTZELL RHEEM ¢ HENSEY (0. (727\4&%& Mw‘___Co Washin C. 55 Years Without Loss to An Investor. Buildings Are Like Men UILDINGS, like men, acquire reputations, good or bad. Like men, they are known for the company they keep—for the character of tenants they harbor; for the quality of the service they give. This reputation is a vital factor in the renting of a.building. If bad, it is shunned by respon- sible firms; if good, the question of rent is a secondary consideration. As with men, a bad reputation is easily ac- quired, but it takes.a lifetime to live it down. A building’s good reputation is at all times a matter of Good Management. LET US MANAGE YOUR OFFICE BUILDING B. F. SAUL CO. Main 2100 925 15th St. N.W. Trivk WHaT Thris MEans to the SEVEN OQAKS Golf and Country Club with the most modern parifi- cation equipment MAIL THIS COUPON SEVEN OAKS GOLF AND COUNTRY CLUB 1512 K Street Northwest send me return mail full information regard- ing the SEVEN OAKS GOLF AND COUNTRY CLUB, its commercial golf eourse and immense public swimming pool 1 1 I | Kindly \ 1 ' 1 \