Evening Star Newspaper, March 17, 1925, Page 27

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., TUESDAY, MARCH 17, 1925. FINANCIAL. WIDE PRICE RANGE | e g NEW YORK CURB MARKET | “fee, [ FERALAGERICA ,\ eceived by Private Wire Direct to The Star Office A A In Stock ck Values|l oo ourees, 514,000,000 vas sympathetic with weakness on By the Amociated Press, 1315 F St. the stock exchange. The manner in NEW YORK, March) 17.—After JOHN POOLE, President which stocks were thrown over, Fieliny e wevore seisck in the = Eardios e Gkl stock market, Wall Street today & largs part b tr s et gave cvereful consideration to the ed liquidation of accounts which had S ey ey ome impaired as a result of ‘the Patronage is very sensi usually goes only where urgently invited, and its sojourn is limited by the character of its treatment. A Keen Appreciation —of this truth has prompted us to tion as’to how we absolutely First Mortgage Real There appeared to be no bottom for radlo stocks » indiseriminate sell- showed plainly were being taken and new low re re numerous. Hazeltine Corporation sold down 2% points when it changed hands at 15%. De Forest Radio lost almost a point, Xtreme weakness kept on in Freed- Sisemann and Power, Dubiller and As Safe as the City W hich Secures Them Sell From 55 Down to 16| Cents in Local Market. “urgently Invite” investiga- afeguard funds invested in our Estate Notes secured upon Washington First Mortgage Realty ments decline. which contributed to the Eggs Advanced Today. Moderate supplles of strawberries local markets are belng of- all sorts of prices. Pony ators filled with the berries rida, the the the fered at Bgg prices received another boost, the market being reported as much stronger, with no prospects of chemper prices in the mear future. Futter prices remain high, with only mited receipts of choicest fresh and poultry prices remain the same. Cholce cuts of nd fancy poultry are more in demand than common stock, and Jbuyers seem willing to pay the ‘prices deman, Todny's Wholesale Prices. ncy, tub, §2a54; prints, packed, 2 cted, Butter—F EEs—Fan. ge receipts, 30 candled, 31; 16; young Frult and Vegetable Review. report on fruits and aplied by the Market au of ral Today's mar! demand Mary- irginia, some Timited; barr: West k Twigs tra fancy, 1.00; Rom: ns, 3.00 . ripe, stocks: 4.0024.50, supplies es moderate; demand Florida, 10-inch 3 6 dozen, some ordinary quality, light; demand firm; California, crates, Iceber: 5.00; 5 dozen, 4.25a4.75 North Carolina, 5-r hampers, Big Boston type, fair quality, 2.00a2.50. Spinach Market Dull. deman: Yor! No. 1, mostly Onions—Supplies limited; limited, market steady: New 100-1b. sacks Yellows, s dium to large sizes, best tatoes—Supplies heavy: old stock; lemand moder: t fairly 3 ks round nd limited, nmrk-( slightly w Florida, dou- d barrels. ulding Rose, No. 1, 12 0; some fai quality, T1.00. Spinach—Supplies liber: limited, ct dull; Texas 1.60 some Nerfolk fair quality, 1.75a2.00. »s—Supplies moderate; de- for good stock, market . ripes and turning, fancy count, 5.00 4.00a5.00; Gems, ripes, wrapped, 5.5029.50. limited; steady; ew stock, demand bushel South yellow, section, wrapped, 25.00; cholce count, repacked d choice count, wer—Supplies *mand modera fornia, crates, de- Cali- nt Is Cheaper. String de- moder market 7s-bushel hampers, some_ordinary : wax, 5.0026.00 plies moderats; de- limited, market slightly weaker; , pepper crates, large size, 4.00; small sizes, 2.50a3.00. Peppers—Supplies light; demand moderate, market steady; Cuba crates, 00; few 7.50. quash—Supplies ligh demand moderate, market steady; Florida, pep- per crates, white, wrapped, 5.00a5.50; mostly 5.00. rawberries — Supplies moderate demand moderate, market steady Florida, pony refrigerators, 45250 per quart. Beets—Supplies moderate; demand moderate, market steady; Texas, bush- “ #l baskets, 2 Carrots—Supplies iight, market dull; kets, 1.65a1.75 light; teady; Flor- green, 6.00a condition low as ida 7.00; 4.00 limited; demand Texas, bushel bas- COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY MINNEAPOLIS, Minn,, The price of bread, advanced in many citles sillowing the rise of wheat, §s expected to drop this Spring, with declining grain costs. Flour is un- der §3 a barrel at Minneapolis for the . first time In several months, DENVER, Colo, March 17.—The Colovado Fuel Co. has reduced wages of coal miners 20 per cent, to $6.50 a day, at the request of the miners, who belleved lower coal prices, thus made possible, would stimulate sales and give them steadier work. AUGUSTA, Me,, March 17.—The Ed- wards Manufacturing Co. expects to reach city operation within a few days. More than 1,800 looms now are running, and the cardroom already Is on full time, as are por- tions of the weaving and spinning room. March 17.— MANCHESTER, N, H, March 17.— ‘Operations at the Amskeag mills have been slowed down the past few days by an epidemic of influenza among employes. More than 1,000 worlkers were absent on one day. DETROIT, March 17.—Officials of the Fisher Body Corporation predict- ed today that the percentage of closed automobiles produced this year would be close to 75 per cent of the total passenger car, output. Excluding Ford, the figure would be about 80 per cent. —_—— A Word to Speculators. 1f You must speculate, select a rep- ‘utable broker who holds membership in @ recognized stock exchange. change .requirements, in themselves, are some protection, &s its members must comply with business ethics as provided by rules and regulations. Ex-| ent decline. NEW YORK, is an official list of bonds and stocks traded in on the New York Curo Market today: Sules In thousands. Allied Packers 6s. Allied Packers & Alum 7s new '33... Am Gus & Elec 84 Am Pow ‘& Lt Am Rolling Mills 65 Anaconda 6s .. Anglo Am Ol Tige. As Sim Hardw 6% AL G & WIS S Beaverhoard s . 2 Bell Tel of Can §s A Beth Steel 7s ' BONDS, High, leoa Sig Ol Tu.. irand Trook Bigs. Kun City Ter & 8 Libby McN & 2 Mani Pow 7s W 1 Nut Distil Prod 4 N Orus Pub Ser s wi Sun Oil Blgn.. Swite & Cos a Oil Prod 8. Uuit Ry Hay 7is. 15 Vacuum 0fl 9 Webst Mills ZUSR 8is FOREIG: 2 City of Bogota 8s.. R R of Fr 7s In Mtg Bk of Fin 6 King of Neth s 5 Krupp Frie Ld 1 Rep of Ruxs vay & Co 6s wiss Govt Big STANDARD . 101% Sales In OIL ISSUE 2000 Anglo Am Ofl..... 10 Ruckeye P L ... 100 Chesebrough Mg . 100 Gal Sig Oil . - 2100 ble Oil & R .0 WOIPL. : 5000 Tmp OfL 50 Ind P L 14000 Inter Pet 5% % South Penn 0il . 0 Southern P L 12000 8 0 Ind ... 1100 8 0 Kansas 0 Onio 0 Ohlo pfd. .. Swan & Fineh 2000 Vacuum Ofl........ 2 Peer Il Corp... Penniock Oil Co Red' Bank O Roval ( Ryan Con Salt Ck Prod T'nit Central Oil... Veneznelan Pet Wileox 0il & dley Pet ...... ol . Pow & Lt pfd.. uperpower A.. Armour & Co A vic 3 Armour & Co B vt Atlantic Fruit.. Atias P Cem n wi. Bolssonauit G Co... Borden Co. Botany Con Mil 3 Brit-Am_Tob cou.. Bkiyn Ci STATEMENT OF THE CONDITION of the . UNITED STATES BRANCH OF THE EMPLOYERS' LIABILITY AS- SUR. OORP. LTD. LONDON, ENG- LAND on the 3lat day of December, 1024, as Tequired under the District of Columbia code. amended June 30, 1002, and August 18, 101 Statutory deposit ASSETS. “andwith ngland Cash in_office. $486.34 Cash in bank rustee. New Trust Co. Real estate Stocks _and " bonds ket value) . Premiume uncollected and in hands of agents .. Interest due and accrued Total assets admitted $29,070,813.76 LIABILITIES. t unpeld claims . 257,722.86 3,139,683.14 $879,598.00 10,998,273.00 43,455.00 7,781,208:28 625,000.00 £67,112.43 500,000.00 $21,679,046.72 by e dj. of claims. Unearned premiums Suluries, rents, expen taxes, etc Commission, ete. . Tk Voluntary additional serve for catastrophe brokerage, Total labilities Character of transacted dur- ing the year 1924: Camualty. Amownt of net premiums written during the year LI g e 100, 220.08 onses sustained durngihe o0 o nes faceived during the S Goney received during the o t messmaer sear 1024, Expended during the year 1924 .. BAMUET, APPLETON, TUnited States Manager. Subseribed and sworn to before me this 18th day of February, 1625. NKLIN P. HORTON, sy sy Notary Publie 17 a member violates thess rules, he nhazards his membership, which s A usually his greatest asset. H March 17.—Following $250,000.00 Brown & Willmn B wr Light.. ¥ 10% C = Cellulbid Co’ pfd. « ¢ « 35 0 16 19% 10% itrif Pipe Corp.. in Sacks & Co ‘hatterton & Son Cleveland Auto ptd. Com’'w'tl Pow Cor. Cm'w'th Pow pfd.. Consol Gas Bal new Cont! Bk A Contl Bak ptd Cuba Co . Dubiller Durant Mot ... 2 Duplex C & Ry te Du Pont Motors ... it 51025 8 80 Fiim T P Mach Galves Hous Bl C Garod Cor Hazeltine Inter_Contl Intl 3 Ribher Cor pt 40Tk Intl Tt B 10% Jones Radio Kelvinator : Keyatone Solether. Kiener Wil Stamp Lenigh Power sec. 08 LSTNOU ) Stores el Co i Mesahi Iron Aiddle West Tfil Mid W Ut pr lien 103% Midvale Co Moore_Drop Mot Whee! Cor Motion Pict Corp Music Master Corp Nat Dist Frod vt Nat Pow & Lt Nat Tea Co 4 Nick Pl new wi Nickel Pl nw pf wi B4t Nor Stat Pow Cor 108 Nor St P C w Oppent & Ce Pathe Exch Inc Power Corp of N Pratt & Lamb Corp 403 Reo 5 Rem Rova neast Pow & L 58 South Cal Edison. 103% outh Cal Ed pt B 90% Radio abull Steel er MiE fon Carbi 10 & He prd king M. Rulio Corp. Wh Bk Min § new Wh Rk MO8 n vie Wick-Spen Steel wi Yeliow Taxi N ¥ MINING. Arizona Globe Cop. Calumet & Jerome. . Dinmond Blk Br Divide Exten i M Lid Ind reka Croesis Thought ¢ Goldfield T iold State wihorne M 188 615 i% Nipisstng 615 Ohlo Cop Plym Lead Mines. Premfer Gold Min Red Hill Florence . Silverdale ... So Am_Gold & P. Tono Belmont Tonopah Divld Tonopah Gypsy Q. 3 Tonopah Extens United Eastern Min United Verde Ext. U8 Continental Weden Copper. West Utah. 10 Wilbert STATEMENT OF THB CONDITION 0f the HARTFORD STEAM BOILER IN- SPECTION AND INSURANCE COM- PANY OF HARTFORD, CONN. on the 31st day of December, 1924, as required under the District of Columbia code, amended June 30, 1902, and August 18, 1911, Capital stock ... oo Capital stock, paid up, in cash .. J Cash in office. Cash in bank Real estate Real estate mortgages (Arst Tien) 1,797,000.00 7,328,381.01 1,285,621.18 117247042 nd bonds (market of agents Interest dve and All other assets Total assets .......$13,623,904.580 LIABILITIES Net unpald clnims. $253,782.17 Reserve s required by law ©,597,736.62 Salaries, rents, expenses, 4,000.00 taxes, etc. 220,886.56. Commission: 250,000.00 2,500,000.00 4,324,456.82 Total liabilities ....$13,455,862.17 Character of business transacted dur- ing the vear 1024: Steam bofler, engine and machinery. Losses sustained during the year, 1024 .. Money recefved during the year 1024 Cash f{vldcua. remaining 258,782.17 % . 4,782,285.65 Expended during the year 1924 ... . 4.260,442.05 'CHARLES S. BLAKE, President.” L. F. MIDDLEBROOK, Becretary. Subscribed and sworn to befors me this 27th day of January, 1925. (Seal.) C. EDGAR BLAKE, Notary Publie. Rova were offered around low fizures, Foremost of these was the St. Paul situation, with growing belief that drastic measures of re- organization would have to be un- dertaken. Significance also was at- tached to the failure of the Presi- dent to obtain Senate confirmation of his nominee for Attorney Gen- ral. Other contributing factors were the slump In wheat prices, the withdrawal of funds for in- come tax payments and evidences of price irregularities in the oil and other industries. DIVIDESDS. e Pay Corp. riod. R le. Acme R. M. pf.. Appleton Co..... Bkn. Man. T. pf. “hic, Clty Ry record. 7= E.W.L.&R. Txcpf Do. bs ¢ 2d pt. £°0il Corp Tintle St Min Tobucco Prod.... ©: Socooels, Mon Becured by Lrst deed of trust on real estate Prevalling interest and commission, Joseph I. Weller 220 Wash L & Trus Bidg_ 9th & F N WE BUY First and second trust real estate notes secured on income producing real estate in Wash- ington, D. C. Construction Loans Made Real Estate Mortgage & Guaranty Corporation 26 Jackson Place N.W. Resources Over §2,000,000 L. E. BREUY President Stock of EEEEER. . ITOANS | “ FROM $50 TO $100 Can Be Obtained by Using Our ertificate of Inventory, Appraisal and Title. I I I [\ CHATTEL TITLE COMPANY | Il 805 Fifth 6t. N.W. s==——=——1n REAL ESTATE LOANS Small and Large Amounts Ilefinaming on Long-Term Basis LOW INTEREST RATES Unlimited Funds Available FRED T. NESBIT tment Bldg. Maln 9392 Consumers Power Company 1s¢ Lien and Unif. Mrge. 5%:% Bonds Due May 1, 1864 Company reports net earn- ings for year ended Jan. 31, 1925, over 3Y; times annual bond interest charges. Price to yield about 5.34% Ask for Ctrcular The National City Company Washington—741 15th St. N.W. Telephono—Main 3176 ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST Capital & St us, $2,000,000.00 Does It Ever Occur to You —that the estate you have spent a lifetime in accummu- lating, may be wasted in lit- igation or lost through ig- norance, should you die interstate? TMAKE A WILL now, and name this company as Ex- ecutor or Co-Trustee and you'll effectually safeguard your estate. £ Conference without tion invited. i Natlonal Savings & Trust Co. Oldest Savings Depository in Washington Yeu' STATEMENT OF THE CONDITION 0f the AMERICAN EMPLOYERS' INSURANCE COMPANY OF BOSTON, MASS., on the 8ist day of December, 1924, as reauired under the District of Columbia code, amended June 30, 1802, and August 18, 011, Capital stock .. Capital stock, pald up, cash .. -$1,000,000.00 1 1,000,000.00 $68,732.08 . 2,245,160.00 uncollected and in bands of agents.. Interest due and accrued 140,861.31 20,441.18 Total assets . +.$2,484,105.43 LIABILITIES Net unpaid claims ........ $138,502.00 Reserve as required by law. 865,534.01 25,000.00 45,638.71 - 1,000,000.00 8,766.00 Commissions, brokerage, etc. Capital stock . All other labilities . Total liabilities $1,678,630.72 Character of business transacted dur- ing the year 1024: Casualty insurance. Amount “of risk mssumed during the year 1924 $728,145.72 242,245.95 Losses sustained duri year 1 $89,021.42 565.416.53 Money receive year 1924 . 5 Expended” during the ‘year SAMUEL APPLETON, President. FRANELIN P. HORTON, Secretary. Subscribed and_sworn to_before me this 25th day of February, 1925 (Seal.) C. W. STERNFELT, Notary Pu LAWFORD & McKIM GENERAL AGENTS 201 Woodward Building Cor. 15th and New York Ave. INSURANCE STATEMENTS— STATEMENT OF THE CONDITION of the EMPLOYERS' FIRE INSURANCE COMPANY OF BOSTON, MASS., on the Blst day of December, 1924, as required under the District of Columbia o, amended June 30, 1902, a - gust’ 18, 1911 R Capital stock Capital stock, cash .. +-+ $1,000,000.00 paid up, o -+« 1,000,000.00 Cash ia office . - $100.00 Cash in bank C 4ss202 Stocks and bonds (market vaiue) .. 2,887,000.00 Premiums_uncollected and in hands of agents Interest due and accrued.. 174,255.02 29,186.95 s Total assets $3,165,484.80 LIABILITIES. Net unpaid claims. $185,117.23 required by law 1,000,678:06 Tents, expenses, % - 6507420 ‘Total.liabilities Oharacter of business the year 192 utomobile, land marine, tornado, hail, sprinkler leakage, riof, civil commotion and ex- plosion insurance. Amount of risk assumed during the year 1924....$23,142,824.00 Losses sustained during the year 1024 .... Money recelved dufln' the year 1024 ... Expended during the year 1024 ,. - $1,250,870.39 759,436.67 1,478,308.65 1,838,347.24 SAMURL APPLETON, President. H. BELDEN SLY, Secretary. s I Sadstore me ‘WILLARD S. OLDREIVE, Notary Public. Subseribed this 17th day (Beal.) investments yielding 7%, secured by productive prop- erties in the home of the In amounts of Consult our Trust Dept. or send for Valuable Literature Goldsmith Building’ 1405-7 Eye StN.W, M 9670 What You Can Do with $10 A Month NVEST $10 a month in Smith Bonds paying 7%. Reinvest your interest at the same rate. In 20 years you will have $5,176.60: in 30 years, $12,031.75; in 40 years, $25,671.90. $10 a month invested in this manner between the ages of 25 and 65 produces $20,871.90 in compound interest alone. 7% Our free booklet, “How To Build an Independent Income,” describes our Investment Sevings Plan for buying our 78 First Mortgage Bonds. receive the full rate of bond interest on all payments. Mail the coupon for our free booklet today. No Loss to Amy Investor in 52 Years The F. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS Smith Building, 815 Fifteenth St. THE F. H. SMITH COMPANY Smith Building, Washington, D. C. Please send me your free booklet, “How to Build an Independent Tn- IMPROVED PROPERTY We are confident your sojourn as a patron will be “DN- limited"” after you shall have tried our service for patrons. NEVER A LOS TO AN INVESTOH Ask for Our Literature and List of Securitics Offered MORTGAGE INVESTMENT DEPARTMENT. [SHANNON ¢ &T@j 713 and 715 14th Street N.W Main 2345 Quarter of a Century Without a Loss. B. Main 2100 THE FIRST CONSIDERATION —in any investment is unques- tioned safety; interest return, however important, counts for much less. We offer FIRST MORTGAGES —ba.sed on Washington real estate, which provide the ma mum in protection for the in- vestor’s money. Their interest return—6%47 payable semi-annually. F. SAUL CO,, 925 15th St. N.W. All these bonds having been subscribed for, this advertisement New Issue appears only as a matter of record. $500,000 Tampa Tribune Building TAMPA, FLORIDA First Mortgage 6% Serial Coupon Gold Bonds Dated March 16, 1925; Interest Coupons Payable March 10 and September 10; Coupon Bonds in Denominations of $1,000, $500 and $100; Registerable as to Principal; Maturities 1927 to 193 7; Bonds and Coupons Payable at Offices of S. W. STRAUS & CO., Incorporated; Callable at 103 and Interest; 2% Federal Income Tax paid by the Borrower; Certain State Tax Refunds. Summary of the Issue ‘WE summarize as follows from a letter from Colonel W. F. Stovall, President of The Tampa Tribune Publuhing Co., the Borrowing Corporation: 1. This issue constitutes a 46% loan on two adjoining commercial buildings in the business center of Tampa, Florida—(a) twelve-story steel frame, fireproof office building to be leased to tenants; (b) four- story modern structure especially designed to house a newspaper publishing plant. 2. The twelvestory building is 90% completed and is already 80% rented. The four-story building is occupied in its entirety by the Tampa Tribune Publishing Co. 3. The properties have been independently appraised by three leading real estate concerns of Tampa at an average appraisal of $1,092,500. 4. These bonds are the direct obligation of The Tampa Tribune Pub- lishing Co. (rated AAA 1)—one of the best known and most prosperous newspaper publishing companies in the South. 5. 6. The total estimated net income is equal to about three times the greatest interest requirements on the issue. The net income from the twelve-story office building alone is estimated at more than twice the In addition, the bonds are guaranteed by personal endorsement of Colonel W. F. Stovall, President of The Tampa Tribune Publishing Co., one of Tampa’s most successful citizens and the owner of many othe wvaluable properties. interest requirements. Maturities'and Yields $17,500,11927 to net 5.90% 18,500, 1928 to net 5.90% 19,500, 1929 to net 6.00% 20,500, 1930 to net 6.00% 21,500, 1931 to net 6.05% $272,500, 1937 to net 6.15% ‘We have purchased these bonds after careful investigation and recom. mend them as a sound and well secured investment. $23,000, 1932 to net 6.05% 24,500, 1933 to net,6.05% 26,000, 1934 to net,6.10% 27,500, 1935to net 6.10% 29,000, 1936 to net 6.10% We invite correspondence with regard to forthcoming issues, secured by exceptional propertigs of like character in the South and other sections of the United States and Canada. Ask for EsTABLISHED 1882 CIRCULAR 259-G S. W. STRAUS & CO. - Straus BuiLpiNg 565 Fifth Avenue at 46th Street New Yor INVESTMENT BONDS INCORPORATED NATIONAL METROPOLITAN Bank Bumoine ‘Wasameron, D. C. * Telephone Mam 847 43 YEARS WITHOUT LOSS TO ANY INVESTOR 10858 W. 8. & Os., Ins.