Evening Star Newspaper, March 16, 1925, Page 25

THE EVENING FINANCIAL. FINANCIAL. NEW YORK CURB MARKET POTATOES CHEAPER ' [ NEW YORK CURB MARKE BY WILLIAM ¥. HEFFERNAN, y selling movement of the past month in : !;‘hd\o 4”“““7 on the Curb Exchange Strawberries Also Lower atz‘.,.;, ad s 4 B e i of four and five monthe ago were willin Wholesale—Other Prices a presen prices, ana Very Firm Today. STAR, WASHINGTON, D. MONDAY, MARCH 16, 1925. [ REAL ESTATE LOANS TS o FIRST MORTGAGES | K Z Refinancing on Long-Term Basls FOR SALE MONEY to LOAN LOW INTEREST RATES | S : || Denominations of $250, $500, $753, e Unlimited ¥onds Available { $1,000 and upwards R FRED T. NESBIT 6Y,% Tovesiment Bldg. Maln 9302 All Loans Made on ,,,”MM - = Property ted in the District of Columbia JAMES F. SHEA 643 Louisiana Ave. N.W. C, Any Amount on REAL ESTATE In the District of Columbia Wm. H. Saunders Co., Inc. 1433 K Street N.W. Fhome Main 1016-1017 FROM $50 TO $100 Can Be Obtained by Using Our Certificate nventery, Appraisal and Title. CHATTEL TITLE COMPANY 805 Fisth 8t. N.W. U. S. Has Favorable Balance |14 = e First M. for February—Gold Out- | !“tN tt’rtgage otes flow Continues. For Sale in Any Amount n| s Seeurity Carefull - Selected 637 and 77 INTEREST For Thirty-Seven Yea: ave Eola “Witheut Toss: 1o an Tavester Wm.H.Saunders Co., Inc. Dublifer were well below prices quoted last week, when it was reported that etrong backing interests had taken over the market for these atocks. Despite all the optimism regarding the future for the oil industry, this class of stocks found difficulty in attracting an putside following. The recent buying of White Rock eppeared to be based on expectations of an extra distribution to stock- holders in view of the excellent earnings. Centrifugal Pipe established cfferings found the market in a weak | position. Hazeltine dropped to the low- esL at which it has so fi d, almost 3 points below Saturday's final |« 18, this despite the fact that only re- |a new low record when 1t sold below ing made | cently directors declared a dividend of {17. The feature in the publle utility 1t[$1-25 @ share for one quarter. ) Power |group was heavy demand for Middle Manufacturing established a new low | West Utilities, carrying the price to wround 6 and I'reed-Eisemann nd |a new top, above 101. We Buy and Sell Liberty Bonds Treasury Notes Etc. RFY-2% X i Bond Department Pt i f ‘numerous T patr The Washington Loan || B i y - 14 ot ava and Trust Company When NN st o 900 F Street will axir i 620 17th Street | o “get out” around presen: prices, and Foreign trade of the United States | showed a favorable trade balance of | $38.000,000 for February, Commerce Department figures today showink | exports of $273,000,000 and imports of $334.000,000. | The outflow of gold. which b last December. was stiil in prog February preliminary figures showed, | and the net gold Ibss to the country | for the month was $47,346,991. Gold | exports were $50.578,058 and imports | $3,231,067. | February foreign trade totals were | by far the largest encountered at this | season for any year during which | the Commerce Department has kept statistics. except for the period im- | mediately following the war. In 1 February imports were $332.000.000, | while exports were, $365,000,000, both of which totals were exceeded by the returns for I"ebruary, 1925, Silver imports during February $4.627,034, against exports of Snappy weather this morr market supplies more attractive. did not materially increase the num- ber of buyers, however, but dealers reported trade us being active for t opening day of the week No material changes in prices were reported. Dealers reported the butter and egg market as belng very firm, with no prospects of lower prices the next few days eat and poultry prices also remaln Observing Extra Banking Hours Toda pern the District NEW YORK, March 16.—Following sl Is an official Ifst of bonds and siocks sl e traded in on the New York Curb Market today: ales in BONDS, thousands. Tigh. Low. 2:43 4 Allied Tackers 6s.. 81 (3 high. Cholce quality meats are in ied Puckers .| 02 21] 924 Acme i qym Boats’ 1 Alum 7s 25..... 1018 fairly good demand , at prevailing| g AnT T8 (300 1000 5 prices, and the same condition applies 1 Gae & Elec 6u oate veNL 10 to the poultry market. §Am FPow & Lt'6s” i Al Gee & B i T . m Eumat Tob Ths 07% 078 67 Aw L& traet.... 1605 Today's Wholexale Prices. s A AR R Butter—Fan 54; prints, 1 1Y% | 2o Am L & Trace wia Ib B 3 A < S 5 3 4m fow & Lt new 30 selected, candled, 20 g A R s iay 30; average receipts, 28 \ Aciz L& ¢ pf exd Poultry—Alive: Roost 163 . 4 Ar & (o A vie., i3 g ahiclons” ¥ 4 T Rl T Ar & Co 8 viell 34 2 i loom pIa wi... 100% 2 Salt Creek Coms... [ Buit Cregk Frod.... 2 2 Cuied centrul Ol Ventura Cous 2 Venezuca Pet West States Uil Wikcox” Uil & G INDUSTRIALS. Pack . 05 De- others Adiren vow 1 Amal Leatuer . saving with this sts Some old bank? Folks 81 or more will oper Learn a SAVINGS ACCOUNT e National —u veer o Metropolitan Bank Mortgages 15th St., Opposite U. S. Treasury buperporver B 0 v Money to Loan LA LS FEDERAL-ARERICAN Joseph I Weller ;20 Wosk L & Trgt NATIONAL BANK § Koranr Lon Miiis & “WHEN” buyi FIRST MORTGAGE RESOURCES, $14,000,000 1315 F St INVESTMENTS pur Add Mucn 4 Car Lignt You are assured due precaution bas beem taken to safeguard your interest. That Are Safeguarded And Those That Are Not? Come In And Let Us Explain How Your Money Will Earn 6149, Without Risk Of Loss— 10all; thin, 1 Grand Trunk 6ljs.. Gult Ol Corp S8 3 Gult_Oil Corp 3%e 5 Mo Pac Ry 3 Contril. pipe Coip Coapis Sacas & Co 2 Cnalterton & Son. Commouw Fow Cor Cuns Gas Balt new Contincutal bak A. Contiucitul Bux B utinentsl bak pf on fruits and Market Eco- vegatables (compiled b Service Bureau of Agricultu Iruit and Vegatable Review. Apple moderate —Supplies limited; demand Barrels— West_ Vir- hes ck Twigs. 6.00a7.00; Yorks, 6.008 6.50; A2} inches up, Yorks, 05.00; S Re 27.... AN 3 o r Pennaylvania, A2% inches up, Starks, i rd Mater Uo Coa. 650a7.00. Boxes—Northwestern, med- . fum to large sizes, extra fancy Wine- saps, mostly 4.00; Romes, mostly 3.25; few .50 abbage—New demand ida, 1 L% W cont. s v Dubilier € & MKadio L M A oan house or A Prompt O N can be arranged for you throug! office at are two of our strict requirements. Prompt aad courteeus service follows the purchase of our securities. T G T T R FU SO Bought—Sold—Quoted Full New York and Berlin Market Received Dally Send for Special Market Letter Peter Whitney 203 Investment Bldg. Teiepbone Franklin 3978 Mortgage Investment Dept. your other {SHANNON & LUCHS 713 & 715 14th St. N.W. Notes now on hand in amounts Washington real estate, of $100 wp. C. L. O'Donnell, Mgr. Mortg. Dept. J. N. Hughes, Asst. CHAS. D. SAGER Realtor M. 36.37-38. 924 14th St. N.W. this current interest 8 R 655 40 cuum Oil 7. ates. BOSS MB PHELPS LOAN DEPARTMENT W. L. KING, MANAGER ; supplies iib- market ¥l type, ales reported lery—Supplies moder i market stead dozen 6 n s in ordinary | amite 1500 Anglo Am QL. 20% 204 upplie i 20 Cumberiand P L 4 pDign Hultegs Gal Sig 01l pt ew 102 inacket; Oem. 708 1900 Humble Off & R.. 48% crates, iceber: 1200 Imp OH Casads 3 5.00; 5 dozen, 4 0700 Intl Pet Co L. T2 1ou Matea Cor ptd Solvay & lutern Utilities 5... 6 Swiss Govt 5 STANDARD OIL ISSUES ‘What You Can Do with $10 A Month M West et APPLICATIONS INVITED I e oot 0 Tt T HVEST $10 & month in Smith for LOANS on e I IMPROVED PROPERTY 20 years you will have $5,176.60: Lecated in the in 30 years, $12,031.75; in 40 years, $25,671.90. District of Columbia and adjacent Suburbs in Montgomery County, Md some Le Lebiga Vai Coal 1 Libly MeN & L w7 K Street NW » Main 9300 Onlons—s mited: mar Ohio. N pplies demand | York | vellows light ot stead 3 160-pov Mante Diet Prod sic $10 a month invested in this manner between the ages of 25 and 65 produces $20,871.90 in compound interest alone. l Our free booklet, “Howd‘fa !;A(:td o Inde t_Income.” describes r 2 /0 L L TR our 7% First Mortgage Bonds. Vou INTEREST ' Locate in a Permanent Office When you engage Office Space con- sider how it will “WEAR.” Will it con- tinue to be as good and convenient and comfortable as it looks? Are the circum- stances such as will KEEP YOU SATIS- FIED? We suggest these tests because Office Space in this, the new SAUL BUILD- ING, will satisfy such demands. B. F. SAUL CO. Main 2100 - 925 15th St. N.W. | i ' | | | | i Power Curp of N Y Pratt & Lambert sew Sooe esdif.. Bl Kem Noiseless 1 A 1 30: r : ¢ 2 : 365 o oy Floridg, ulding Rose, he full bond interest il the coupon for ark Qibson bt Gulf 011 of Fa.! 5; South Carolina, barrels Sa- a2.75; some yellow, no ——————— No Loss to Any Investor in 52 Years e The F. H. Smith Co. . Founded 1873 FIRST MORTGAGE BONDS Smith Buildtng, 815 Fifteenth St. sajen reported. Sweet potatoes—Supplies mand moderate, market st Carolina, cloth top stave barrels, 1, 5.6026.00; Porto White Yams, 4.00a Apply v0 H. L. RUST COMPANY /" varieties, No. 1, : 5 5 ANy LOAN CORRESPONDENT nite Yams mostly 225, saantras Sl ol 118 i She PRUDENTIAL INSURANCE Sty it & £ B COMPANY of AMERICA 912 15th Street N.W. Main 6388 Bman . R0 FEF FES THR F. H. SMITH COMPANY Smith Building, Washington, D. C. ease scnd me your free booklet, “How to Build an Tndependent 1n: come.” 1 market and turn- cy count, 1t 4.00a5.00; 3.00; repacked count, mostly Wrapped o Washington Stock Exchange. SALES. Capital Traction Js—$500 at 90. & CaDital Traction Co.—10 at 90%, G at 90%. | Wickw 8p 8t Co w1 3 Wiy Cor 18t pfd. . MINING, 20 Canarlo_ Copper BN AFTER CALL. 7 Chivo Eaxt M 4 : q E e Equitable Cd-operat_ive Building BOOESqiialy 3 on Co.—10 st 90%. JOHN JOY EDSON. Organiged INT! few, fancy Cauliffower—Supplies moderate; de- mand moderate, market steady crates, best, 300 tty, no s repo String beans— mand good for hampe [ Ass’n FRANK r. REESIDE, Sec'y 45th Y DAR COMPLETED Surplux $1,317,011.44 Jtxbt a ta. g ta isd 3315 513 k Ligotype ~i0 8 Jat & bast s Fortyuine Mines... . s, 10| GoladeldDereiop. t 8: Tas L5 - Ansets s National Ba: 10 at 2474 3 | howsie 0 i ¥ steady:| Mase eonsl Bavkcl0 228 e 5, 10 A of Pines, pepper | Howe Bad pew vtc ge had. 30 “lor | Light—25 at 60. large size, 4.00a4.30: Florida, as 8 and 6 per cent Independence Lead. som | pepper crates 11 size. 3.00. % | .20 Iron Rlos Peppers—Supplies light: demand BONDS. } o2 moderate, market steady; Cuba, - , 6.00a7.90; Florida, | PUBLIC UTILITY. President The North American System’s Continuous Growth during the last three years te: da A crates, crates, N Strawberriex Also Lower. Peas—Supplies light; demand good for good stock, market steady; ¥lorida, 7-bu. hampers, fair quality 5.00a5.50; ordinary condition, 250a 3.00. Squash—Supplies moderate, market pepper crates, 5.00; tion, 4.00. Strawberries — Supp demand moderate, o veaker: Florida, pony 45a55; mostly, 45850 per qt.; fe poor condition low as 16 qt Carrots—Supplies lignt: imited, market dull; Texas, baskets, 1.75. | MISCE! Rde:h-‘ Supplies moderate; demand | D. C.JP]AWY!::& td moderate, market steady; Texas, bu. | Pot. Jol i baskets, mostly 2.2 | Biges RaSht7 30 (shosti Sill | Boithera Bidg. G} LIRS b Eoig Brorage LUDLUM ORDERS PICK UP. | Wash. MKt NEW YORK, March 16.—Based upon STOCKS. orders received in the first half of | AMarch, largest of any two weeks | PEB;Jf .c-ru,nt, since . marked increased in busi- | American Tel, & Telsa... . - ness is anticipated by officials of Lud Demi lum Steel Co. The balance sheet as of January 21 shows the company in a strong position with a quick asset ratio of about 13 to 1. ' American Tel. & Tel; American Tel. & Tel ! 5 : v o (B The Man Who Az To & T av. : 2 Firmonts Load iia S Saves Regularly tia & Potomac B a To; st & Fotoma: goar. 540 Snow Storm ‘Gl Ld 5 & b Terehions Tosooat “Beteta + (-pu:l":rvhurl'l,:: K Loited 1':‘1«1.‘: t 1y & suburban ds. . ‘ontineata Georgetown Gas 1st b Unity Gold . Elec. 18t Walker Mining Weoden Copper Yukon Alas Tr cfs —evidences its increasingly important position in the electric light and power field. Subsidiaries of The North American Company supplying electric light and power in Cleveland, St. Louis and Milwaukee should continue to grow rapidly— more rapidly and to a greater extent than general business. 1931 1922 1923 19M 1921 1922 1923 1934 1541 1932 1923 1994 1921 1922 1923 1924 Total Assets = Reserves & Surplus Gross Earnings Net Earnings $155,788,658 $32,600,473 $38,853,189 $6,711,141 238,911,820 44,109.767 55,234,491 11,303,731 298,554,648 54,949,590 75,465,267 16,253,454 376,829,293 67,796,627 80,117,255 18,378,575 —may worry about some things; but the chances are he never worries much about the lack of a little ready cash when opportunities arise, Join the Equitable and dermit a part of your earnings regularly. 915 F Street N.W. limited; steady; few poor demand Florida, cond moderate; | bt B COMMODITY NEW'S WIRED STAR FROM -ENTIRE COUNTRY Year Dec.31 1921 1922 1923 1924 SOMERVILLE, Mass, March 16— Delay in clearing up land titles has held up construction of the new Ford motor assembling plant here. Two units are contemplated, the first of which will be 1,160 feet long, with an estimated cost of $4,000,000, including machinery and power plant. VA Public Service FOR more than fifty-five years Swartzell, Rheem & Hensey Company has been rendering a service to the public that is evidenced by some of the finest structures throughout the National Capital. Holders of North American Common Stock are Enjcying———- Dividends combining value of rights yielding 10% on pres- ent market value of their in- vestment. BECAUSE Steady appreciation in the in- trinsic value of their invest- ment. season's first strawberries was sold at Ponchatoula at $6 a crate, to Charles C. Partee. The berries were shipped to New York. Trainloads will start moving North soon. BOSTON, March 16.—Salas of the Nutional Capital. | Cotumb: Commere District PARIS BOURSE UNSTEADY. BECAUSE PARIS, March 16.—Prices were un- rattled on the Bourse today. Three per cent rentes 47 francs, 10 centimes. Exchange on London, 93 francs, 5 centimes. Five per cent loan, 56 francs 80 centimes. The dollar was quoted at 19 francs, 43 centimes ARMOUR PROFITS GROW. | CHICAGO, March 16.—~The annual | report of Armour & Co. packers, made public by F. Edson White, presi- dent, shows that sales for 1924 totaled more than $800,000,000 and that net profits for the year were $18,309,738, as sgaln ' $13,772.026 for 1923. Sur- plus &t at the end of 1924 amounted to 354,807,152, as agalnst $45,790 at the end of 1923, DU PONT DIVIDEND RAISED. WILMINGTON, Del, March 16— 1. du Pont de Nemours & Co. direc tors have authorized an increase in the quarterly dividend of its commpn | stock from 2 to 215 per cent, payable today. The recent increass by General Motors Corporation, said a | statement by the du Pont Co., of the| dividend rate on its common stock from 85 to §6 a vear Increased the du Ront Co.’s income from this source from § approximately $7,900,000 a Farmers TRUST COMPANY. American Security & Trus 323 Coninental Trust - Merchan an ations] Bavings & Trust. Unton Trust.. Washingion Loan & Trust. SAVINGS BA! Commerce & Baviog: Fast Washington Security Savings Jumpia Title . Foal Eatate Title MISCELLANEOUS, s old I'“"?d“.:l;‘e prd . il Es Weshing!on 2 &4 Yellow. Cab.. s *Ex. dividend. Pacific mills. for the past five months have run at the rate of $60,000,000 a year, which is constderably above the company's recent showings. The mills are operating at capacity as agalnst 60 per cent of capacity last year. MANCHESTER, N, H., March 16.— The J. F. McElwin Shoe Co. has in- creased its output from 2,750 to 3,180 pairs of shoes a day after running at the fowered figure sin¢e January 1. PHILADELPHIA, March 16.—The | Sun Shipbuilding Co. has been award- ed the contrect to change Henry Ford’'s vessel, the East Indlan, from & coal to an oil burner, using Diesel engines. This is the third Ford ship so converted. SIE DS RA Your Basker Knews. When in doubt about a security consult your banke It is equally as much his interest as yours to pro- tect your savings. You trust him with your deposits—why not trust | hif_with your tnvestment problems? Prompt Action ‘iFirsi Mortgage Loans Lowest Rates of Interest snd Cemmission ‘Thomms J. Fisher & Company, Inc. 798 18t Streot Through this compa apartments and othe the city’s progress. clients’ interests. ny the investing public has been offered an opportunity to take part in the upbuilding of Washington. You, too, may purchase First Mortgage Notes that help finance the erection of r buildings essential to Our First Mortgages yield 614 %, and arz backed by over half a century of experience in the investment ficld, safeguarding our RUEEMHENSEY Co. SWARTZELL RHEEM 6 PP 0. JashingtonD.C. 55 Year‘:sfl Without Loss to An Investor. Qutput, earnings and assets of The Narth American System are continuously increasing. Quarterly dividends of 2159% are paid in common stock which may be readily sold at the market. Dividends have been paid continuously for 16 years and present dividend policy automaticaily capitalizes carnings providing the company with additional capital for continued expansion. Listed on the New York Stock Exchange. We Recommend the Purchase of North American Common Stock at Market Prices. CRANE, PARRIS & COMPANY 823 FIFTEENTH STREET, N. W. WASHINGTON, D. C.