Evening Star Newspaper, March 19, 1925, Page 29

FIN PORK GOES HIGHER INLOCAL MARKET Advance Laid to High Cost of Grain—Hams Also Quoted Up. High price of grain is reflected in the pork market, pork prices being higher than usual, and. it Is stated, about twice the price of this ago. Pork supplies are the average, due, it is &tated, to the fact that mueh small Piork “was killed in order to avoid tveding expensive grain, and those wHh4 did such feeding have to get the advanced prices to prevent excessive losses. Prices promise to Tall dealers report to be little probabill receipts until after the close of the approaching umme season. Beef prices are not so high, and there is a greater demand for such meat. Butter and egg prices continue high and dealers say egg prices probably will mnot go lower, while butter prices are expected to show a decline late in the Spring. Poultry prices re- main hanged There are a few fresh-killed Spring chickens on the market to be had at prices ranging from 65 to most of the Spring chickens to had being storage much time a year much below hold high until and there seems of increased Wholesale Prices. tub, 52a54; ked, 20 ney, selected, receipts, Alive: Roosters, 16; voung | kens, 35a38; fowls 2; keats, young, 5a20. Dressed chickens, 35a38; fowls, 28; turkeys, B prints, candled, Winter ducks, each; killed Winter ers, 19a20; ducks, 2ja 40245 Live stoek- dium, 10a11; 13; live hogs, 13a13': Meats—Beef, 16al lamb, 31a32; hogs, 2013 loins, 30 a32; hams, 26a28; shoulders, 13a20. "ruit and Vegetable Review, oday’s market report on fruits and ables (compiled by the Market vice Bureau of Agricultural say Supplies rket steady 60a70 Fresh- | roost- 45a50; capons, ~Calves, thin, 8a% choice, veal, 20a22: vez Economi Apples — slow, land, lig demand barrels, Mary- West Virginia, A212 inches up, Kk Twigs, some | scalded, 6.00a7.00; A2Y inches up, 5.00a5.5 A2%: inches up, Yorks, 5.50a 6.00; hes up, Romes, 6.00a7.00 few Yellow Newtons, very best, 00a8.00; poorer, | boxes, Northwestern, me- rge sizes, extra fancy Wi a4.00; Romes mostly, 3. ewtons, 3.00a3.25; Delicious, 5 some full ripe, 4.00a4 Cabbage—New Stock; supplies light demand moderate, market steady Florlda, 1%-bu. hampers, found and pointed type, 1.25a1.50; South Care iina, barrels, crates, Wakefields, 1.25a 2.00; few, 2.25. Old stock—No sales reported. Celery—Supplies moderate; demand light, market steady; Florida, 10-inch 1-!"”15[ 3 doz, 3.25a3.75; 6 doz., 3.00a Lettuce — Supplies light, market steady perial Valle; crates, Iceberg type, 4 doz, 5.00 ‘orth Carolina, 6-peck hampers, Big Boston type, 2.00a2.50 poorly headed, 1.00a1.50; Florida, 11;- bu hampers, Big Boston type, 1.50a light; demand California, ITm- Petato Market Steady. Onions—Supplies light; demand slow, market steady; New York, 100-Ib. sacks, Yellow: . 0. 1, medium to large iz best, mostly 3.00; some fair qual- ity, 25a2.50 New stock—Mexico, standard crates, vellow Bermudas, com- mercial pack, mixed No. 1 and No. 2, 3.00. Potatoes—old stock—Suppiies heavy demand moderate, market steady; N York, 150-Ib. sacks, round whites, No. 1, 2.00a2.15 per sack; Michiga: Ib. sacks, round v(h-ll‘s, To S. 2.25a2.35. New stock—Supplies light; de- mand light, market slightly weaker; Florida, double-head barrels, Spaulding §. No. 1, 10.50; No. 2, 8.00. Supplies liberal; demand dull: Texas, bushel ¥, 75a1.00; South Carolina, barrels, Savoy, 2.00a2 Carrots in Poor Demand. Tomatoes—Supplies light; demand &ood for good stock, market steady Florida 6s, ripes and turning, wra) ped, originals, fancy count, 5.006.00; choice count, 4.00a5.00. Cauliflower — Supplies mand light, market stead nia, crates, 2.50a String beans‘bum’hlles light; de- mand light, market steady; Florida, %-bushel hampers, green, best, 6.00a 7.00; poorer, 5.00. Eggplant—Supplies light, market weaker; Flor per crates, large size, 3.50a4.01 size, 2.50a3.00. Peppers — light; de- Califor- light; demand a, pep- ; small $ light: demand light, market steady; Cuba, crates, fancy, 6.00a7.00; medium 4.00 Beets — Supplies liberal; demand light, market steady; Texas, bushel baskets, Carrots — Supplies moder mand light, market dull el baskets, 1.50a1.75. Strawberries—Supplies mand slow, market s Florida, pony refrigerato 15; poorer, low 30 per quart Peas—Supplies light; demand mod- erate, market steady; Texas, 45-pound \crates, 7.50a8.00. te: Texas, de- bush- liberal; ightly de- weaker; | best, 40a What Experts Buy. Tralned investors always buy curities that have a substantial lo value. One of the surest methods of determining the value of any stock fe to seek a loan on it. If your banker | declines to consider it as collateral you can rest assured its marketabllity does not amount to much. GOLD EXPORTS LARGE. NEW YORK, March 19.—Half a mil- lion dollars in gold is being shipped| to Australia by the International Aec- ceptance Bank, which aiso Is arrang- ing a consignment of $15,000,000 in zold to Singapore. RATES ON BA.R SILVER NEW YORK, March 19.—Bar silver, Mexican dollars, 523%. DIVIDENDS. Pay- able. May 1 Apr Apr 1 Apr 10 Apr 10 May May Apr 1 Apr Apr Apr Apr Ape Apr Mar [ Stock of Record, Apr 15 1 Mar20 Mar 18 Apr 1 Apr 1 Apr 10 Apr 10 Apr 1 Mar 27 Rate. 18 Corp. Aus Nichols pf. Am Bd & Bow-B H 78 p Creamery Pkg.. Do_pf. Commonw Tower.. Do 8% pf...... Can Bread pf. &P NB & T Canada Cem.. Elliot Fisher. Do Class B. Do pf...... Franklin Trust Fidel Inter Tr. K O South pf. Lord & 2d pf.. A Rockwell.. Bf. PYTIIIITIITIIIIFIIPII STy ) &4 ANCIAL. THE EVENING NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN, NEW YORK, March 19.—The out- standing feature in today's curb mar- ket dealings was a sharp break of & points in Centrifugal Pipe, when it 1 #01d at a new low record of 10. There were no new developments in the situation of the company to account for the heavy offerings. The decline was purely sympathetic, with a drop | of 7 points, to 180, in 8. Cast Iron Pipe on the Stock Exchange. There Was nothing gratifying in the earn- ings of the company for 1924, but there has been ample time for these to have been discounted Weakness Wednesday offerings today of Kay sented selll; by and further Copper repre- Western interests NEW YORK, March 19 -Following Is an official list of bonds and stocks traded in on the New York Market today: Sales in BONDS thousands. High. Tow 1 Allied Packers Bu 6 Alum Tx 10 Am 8 Am 5 Am & Am Rouisg M 6 5 Am Thread Co fs.. 10 Anaconda 6 1 At WIS 8 Beaverboard 01 1037 . 1031y o1y iy 983, 084 > 1101y 11813 o 1o1sy 04 1015 w61y 10115 1068 1085 Bty 941y o84 e 1101 118 101 I 101 a1 o B214 1041, 10813 101y 9818 s Bal filgs D Textiles &x 2 Codahy 5is Deere & (o 7 2 Detroit Ci ® Dunlop Tire & R 7s 14 Federal Sngar 6x ‘33 Pet fa 104 1083, 1011) 983, 10115 1081 1015 Trunk 61y, it OI Cor 3 fman Dep 6y wi 908, Libbs 1023 107 1 Alanitoba ] 30 Morris & Co 7lyx 7 Nat Leather Sx.. .. 10 New Orl Pub Ser bx 1 Nor Kt Pow Blys Nor Kt P M Bl C Ohio Power 55 B rk & Tilford 6x 1 Pub G & E Co blys 6 Ture 0il ¢ 10014 10315 1on 5 Sun 0il 35 Ewift & Co 1 Ths Tr & Rt 75 wi 1 Un Oil Prod s Rub Bye Rub 613y Rub 18 Rub 613+ Rub 6153 Rub #ige * Rub 6138 scuum Ol 7, 106% Webster Mills 6,5, 05 FOREIGN BONDS, City of Bogota S« t R R of Fr 9 French Natlonal 15 In Mtg Bk of Fin 7x Bank Den of Tery 8s '3 Doy 10013 1015 1005, - s 5 Govt Sigs.... 3 wiss Govt 5 . 10017 STANDARD OIL ISSUES. 00 Anglo Am_ 0il Chescbrough Mfg Gal Nig Oil . Humble 0 & Imp O Canads n Intl Pet Co Ltd.. Magnolia I'et Nat_ Transit N Y Transit Ohlo 0l Mex Sales in 2015 ¥u P 10600 § 2400 100 700 600 150 2000 Swan & Fioch Vacuum Oil . Sales in INDEPENDENT OIL STOCKS. hundreds o i3 2 e Kirby Pet . Lago Pet .. Latin Amer 0il Lvingaton Pet . Mount Prod.... RPN Pennok Oil Corp.... Red Bank Ofl... .. Roral Canad 0°& it Ryan Con. t Creek Prod.. United Central Venezuelan Pet West Indiex Oi... .15 Wilcox Oil & Gas.. 6% TRIALS pld 100, k pr pfd 39 Leather... EaZliaSanen ol PN Am 2 Am Am Am Am Am Superpower A Am Superpower B. 2 Am Superpow pr pt Apco Mfg Co A... Ark Lt & Pow Art Loom pfd wi.. Asso Gas & Elec. ‘Armour & Co B vte Armour & Co pfd. Atias Port Com Atlantic Fruit Boissonault G Borden Co 2 Bklyn City K R. Brown & Wil B Campbell Soup pfd G aro Pow v Cor w C pfd Consol Gas Bal new Contl Bak A 5 Conti Bak B ... 3 Conti Bak pd . Cuba Co . : Cuban To Co ¥ t ¢ 3 Curtiss Aero Mot. . De For k& Co vic cf DL & W Coal ... Doehler Die Ca Co. . Dubilier C & Radio 5 Durant Mot .. 2 Du Pont Motors Duz Co A El Bd & El Bd & Sh n cor Investors Inc eka Freed-Eisemsnn RC Freshman (has od_Corp . Outdoor Ad A Common Comumon Hall Swith & Happ Candy Hazeltine ( Heyden Chem Int Contl Kubber... 3 Iut Mateh Cor pf Jones Kadlo, . Kelvinator Keystone_Soiether Leiiigh Lehigh Val Coal ) Lib Rad_Chain St Meogel Box.... 3 Middle West Ttil.. Motor Wheel. sl Master ther.... Power & Lt.. Y Tel Co pfd.. ick Plate new wi g A Oppenhelm & Col. . Paige Motor. . Power Corp of N ¥ Rova Rad (br tr'cf Sil Gel Prid a v t © Singer Mfg. Shattuck ¥ Sleeper Rad S0 C & I new. 4 2 Southeastern I & 'L Stutz Motor Swift Intl Switt & C Thermiod “Rad Cor Thomp_Rad Co vic Todd Ship Tower Mfg Union Carbide Unit G & B new. Unit Dt & Pow A. ted Pft Shi tor Talking Ma Plet AL Weateru Loger..... b| 1 000 barrels, reported to have been caught in the bad break in the wheat market. But this liquidation now appears to have been completed. Engineers Gold was another of the mining group under pressure for a time, Stocks repre- senting companies engaged in the comparatively new elsctric refrigera- tion industry continued active. ! " Radio shares continued to back and Al around bottom figures, with little prospect for some time to come for those who continue to hold on at much higher prices to recoup the { heavy losses carried on paper. Dubilier at 15 compared with the vear's high of 35%, Hazeltine at 17% is down over 33 points from its 1925 high, while Rova at 6% compares with its high for the year of 14%. 1, West Power pfd... ® Wh Rk M Spr new Wh Rk M § 0 vee. Vick Spen Stl Co . 5 Yell Taxi Co N Y. MINING, 10 Am Commander M B0y A ) Cxliet. 1 Canarin Copper & Chino Ext Mines 1 Cons Cop Mines. . 0z G M Lid Tnd 10 Firat ‘Ihought G A 20 Forty Mines 10 troldfzid Deen i mill Div Lead 3, Mining ast'n Ain Venie Kxt inental... oo BT 16 Wendea Copver! 3% Railro:d Growth Striking. In the history of modern industry, the strides made by the American railro ‘hile not as sudden and as spectacular as some other branches |like radio or automobiles, will al- Ways accupy a most interesting place, due to the immense financing that was required and the physical hard- ships that had to be overcome. In |1ess than 100 years the number of miles of track have Increased from 23 in 1830 to more than 263,000 miles in 1924, There are enough miles of railroad in the United States alone to wind ten times around the earth at the equator and shoot off to the North or South Pole with a spur. s, V. 5. Emphasizes Mail Sanctity. Due {o the ‘many requests of mar- shals, heriffs and other law enforce- ment officers, that mail carriers open first-c s mail addressed to crime suspects, in the hope of getting some clow, the Post Office Department has issued a warning to all who handle the mails that these requests, if granted, render a postal employe liable to prosecution The sanctity of first-class mail s held paramount to the search for criminals. The Government provides for such co- operation with law officers as is pos- sible in another way. — Braznl Has Deepest Mme The St. John del Rey, a gold mine in Brazil, South America, now is said to be the deepest in the world since it has been worked down to a depth of | 6,726 feet. Other holes .have been bored much deeper, but not with pro- ductive result, as, for instance, one hole in the earth in West Virginia which was sunk to a depth of feet in a futile search for natural gas. CB.UDE 0IL IN CREASE. NEW YORK, March 19.—The daily average gross crude oil production of the United States increased 4,750 barrels for the week ending March 14, according to the weekly summary of the American Petroleum Institute issued today. The daily average pro- duction east of California was 1,346,- 200 barrels, as compared with 1,3¢1,- 450 barrels, an increase of 4,750 bar- | rels. California production was 603,- the same as the previous week. STOCKHOLDERS TO MEET. NEW YORK, March 19.—Stockhold- ers of the Chesapeake and Ohlo Rall- way who are opposed to the lease of the road to the new Nickel Plate com- pany will meet in New York tomor- row afternoon. " STATEMENT OF THE CONDITION 0O _the FEDERAL SURETY INSURANCE COMPANY OF DAVENPORT, IOWA (809 Kahl Blds.). On the 31at day of December, 1924, as required under the District of Columbia Code. amended Jume 30, 1902, and August 18, 1911. Capital stock Capital stock, Cash in office Cash in bank Real estate Real estate mortgages (Arst lien) tocks and bonds (market value) Accounts receivable Premiums uncollected hands of ngents . d accrued and in Total assets LIABILITIES. Net unpaid claims | Reserve as required Ly Reiosurdnce prem Salaries, rents, expenses, ete. ... Commisions, Capital stock All other liabilities taxes, rokerage, ‘efc Viabilittes ... §1.685.200.85 r of business transacted during the year 1924—Accident and Health. Liability. Property lary, Tinte Glass. Collision. Workmen's Compensation, Fidelity Ronds. Surety Bonds, Losses” sustained duriog the year Total $430,411.90 " Luesma 900, 800,76 resident. @ m.x the’ Expended during the vear i JLOR. v THEO. G. LORE cretary Subscribed and sworn tn before: ey I day of February, 1925, (Seal.) H. A, HODGE: Notary Public, 05, F. RANDALL 5 Albes nfll'.i";." - o this Simplicity is regarded as one of the most desirable fea- tures of an snvestment 7% interest is paid the day due on our First Mortgage Realty Investments. Principle is safely secured to be met at Maturity in gold coin of the United States. Consult Our Trust Dept. or Send for Valuable Literature - Goldsmith Building 1405.7 Eye SN.W,, M 9670 STAR, WASHINGTON, LEAD OUTPUT DECLINES. NEW YORK, March 19.—The world's prodyction of lead In February, esti- mated by the American Bureau of Metal Statistics on the output of com- panies that produced §3 per cent in 1923, declined to 98,385 short tons, compared with 103,973 in January and 100,597 in December. R St TAX RETUB.NS INCREASE. ATLANTA, Ga., March 19 (Spe- cial).—The number of returns and the amount of income tax pald at the Atlanta office of the Internal Reve- nue Bureau are greatly in ex- cess of those for the corresponding period of 1924, according to an off- cial announcement -——— CEMENT EARNINGS GROW. NEW YORK, March 19.—Interna- tional Cement Corporation 4 a share on the in 1924 after preferred dividends. compared with $6.37 a share in 1923 Net income was $3,047.506, £2,42 the year before. in the last quarter were $2.36 a share on the common GULF OIL BOOSTS NET. NEW YORK, March 13.—The Gulf 0fl Corporation’s net income for 1924 jumped $19,168,795. after charges, de- preciation and taxes, compared with $14,323,342 in 1923 uaranteed 6'2% First Trust Notes Real Estate Mortgage & Guaranty Corporation 26 Jackson PL. N.W. Guarantees its first trust notes as to payment of interest when due and principal at maturity of note. Denominations $100 $500 $1,000 Resources Over 52,000,000 L. E. BREUNINGER, Pres. earned | common stock | against | Earn'ngs | X G Standard Oil Cuts Price of Gasoline; Virginia Included By the Associated Press. NEW YORK, March 18.—The Standard Oil Company of New Jer- v has reduced gasoline 1 cent a gallon, making the tank wagon price in New Jersey 18 cents, and in North and South Carolina and Virginia 19 cents. Bervice station prices are 2 cents a gallon above the tank wagon rate. Kerosene your scissor: will remove rust from That $100 You Have Saved Invested in Our First Mortgage Notes Will Yield 6%2% Save systematically and as quickly as you accumu- late $100 invest it in our First Mortgage Notes. Your money will be cured by District of Colum- bia improved real estate. Interest promptly paid upon maturity., se- Mortgage Investment Dept. 713 and 715 14th St. N.w. FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS 1821 Connectiont Svenus A Public Service FO R 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. Through this company 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 apartments and other buildings essential to the city's progress. Our First Mortgages yield 624%, and are backed by over half a century of experience in the investment field, safeguarding our clients’ interests. EEM&HENSEY (0. SWARTZELL. R 55 Years Without Loss to An Investor, Quarter of a Century Without a Loss. B. Main 2100 “LEARN FROM THE EXPERIENCE OF A continually increasing num- ber of discriminating and care- ful investors have found that our sound FIRST MORTGAGES offer a convenient, safe and sat- isfactory way\to employ their funds. Profit by their experience. F. SAUL CO., OTHERS” 612 % 925 15th St. N'W. THURSDAY, MARCH 19, 1925. EXCHANGE SEAT UP. NEW YORK, March 19.—The New York Cotton Exchange seat of A. B. Gwathmey, 2d, was sold to H. Nich olas Edwards yesterday for $33,000 Increase of 3500 over the previous $10 A Month INV!ST $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 oetween the ages of 25 and 65 produces $20,871.90 in compound interest alone. 7% Our free booklet, “How To Build a: Independent_Income.” describes Investment Savings Plan for buying our 7% Firet Mortga m::ll:e the full rate .uld Lnln«t on Ne Loss to Awy Investor in 52 Yewrs The F. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS Smith B\nldxu 815 Fifteeqth St. THRE F. H. MlTIl COMPANY Smith Building, Washingten, D. C. Please send me your free booklet, “How to Build an Tndependent Tn. what You Should Know AND If you have not named this Company as Executor and Trustee, insert this in your new Will AMERICAN_SECURIT Capital, Central—7th and Mass. Ave. N.W. Northeast—8th and H Sts. N.E. Total Resources IO SR I T TR IRl o R h A R e I plel i i o el ool elelfeleieloite) ol o Il R IS FINANCIAL. REAL ESTATE LOANS Small and Large Amounts Refinancing on Long-Term Basis LOW INTEREST RATES Unlimited Funds Av: ble FRED T. NESBIT Investment Bldg. Money to Loan. . Seenred hx first deed of tr Prevalling inte. st on real ef 420 Wash. L. & Trust Joseph I. Weller e FEDERAL - AMERICAN NATIONAL BANK § | RESOURCES, 514,000,000 1315 F Street JOHN POOLE at and Continental Trust Company Capital One Million Dollars Hth & H Streets President T T 1814 — OLDEST NATIONAL BANK IN THE CITY — 1925 Definite Prestige Accrues —to the business or professional man through good standing at a bank such as this. | Draw your check on the Metropolitan and reap the advanfages bestowed by connection at The OLDEST National Bank in the District of - National Metropolitan o1d Bank H\u 15th St., Opposite U. S. Treasury 111 H TAULRERRRE RIS AR R IERRR AR e SRR R T SR AR Can I C}h&ngc DI\ Wil —Yes, you can revoke it while you are Your of sound mind, and make another. last will be the effective one. - TRUST COMPANY 15th and Penna. Ave. Swrplus and Undivided Profits Ozer $6,000,000 FERPRANIRIVELLCARGE REPUIRRUIYREN YRR RRRRRRRRN SUARRRRYEYNRNRRRRRER BRANCHES Southwest—7th and E Sts. S.W. Northwest—1140 15th St. N.W., Over Million Therty-Fic | A Vital The ¢+ anteed vestor. 1S now paid by 1418 Eye Street N. W. BVIOUSLY, a return on his invested capital as great as i1s consistent with a well- balanced measure of safety Corporation deals exclusively in Mortgages, secured by improved, in- come-producing real estate. Itisrecog- nized this is the safest field of invest- ment known. of the capital, through the sale of guar- cum}xlative preferred stock bears an im- mediate return of 8%. 1 Share 8% Cumulative Preferred. . I Share Common "................, HUGHES & COMPANY (INCORPORATED) INVESTMENTS Mortgage Bond & Guaranty Corporation WASHINGTON, D. C. (Incorporated Under the Laws of Virgin Authorized Capitalization 250,000 Shares 8% Cumulative Preferred Stock, par value $10.00.... 250,000 Shares Common Stock, par valus $10.00 $2,500,000 $2,500,000 Fuactor to the Investor the investor desires Mortgage Bond and Guaraflnt_v irst The constant turnover First Mortgage Certificates, as- sures a very attractive return to the in- A portion of the stock of the Mort- gage Bond and Guaranty Corporation being offered at the same price the officers and directors. The $12.50 HUGHES & COMPANY 1418 Eye St. N. W., Washington, D. C. Please send me yowr mew booklet—, “Progress.” Na Telephones M Street Address i