Evening Star Newspaper, April 2, 1925, Page 29

FINANCIAL. THE EVENING STAR, WASHINGTON, D. €, THURSDAY, APRIL 2, 1925. ANCIAL. PRIGESHOLD FIRM | [ ~Ew vork cure maRKET | GITY-OWNED PLANT |[ rebexas. megica Received by Private Wire Direct to The Star Office ; NATIONAL BANK scale today, with prices hardly |as in the case of the Pan-Americans. changed and the volume of business |it Was not easy to determine how the JOHN POOLE, President Lettuce and Cucumbers Are|considerably reduced. There were |deal would affect the value of securl-| Hagergtown Concern Reports very few features among individual |ties of the extent of earning power. B SS! e radio shi whicl ad . Pe: e st r 7 t . Cheaper—Live ROOSTErs [t hea thomites (hich, had | Lk Priimeieum sold around 7 most) g5 050 Profit—Low Rates on Wednesday, losing their snap and| Goodyear Rubber was bought just Higher Today. in some instances, falling back over [above ":y‘"f\ '1»;.’:‘:‘:2slnr:|"-|ti;l‘yK{;!(})(b::\: for Service. ANNOUNCING ONSERVATISM has always govcmed some of the ground gained. a bit. iy Ay k S 0 7. as watch-| sei z crease 1 e repor TS X < Standard Oil of Indiana was watch emingly increased by e rep the activities of Swartzell, Rheem & ed with interest because of the deal|that the Goodyear president might the Storing of eggs #or next Winter's | with the Doheny interests in Pan-|become head of Dodge Bros., recently | Special Dispatch to The Star. E 0 S chscy COmpany. Through all thc ycars & PatIoIR G 4 syndicate. o market is a problem that local dealers | American Petroleum. But usual, | purchased by a banking syn BALTIMORE, April That mu- P A e are trying to solve. It is sald that G T nicipally-owned public utilities can since 1869—when this institution was found- very few eggs will be stored in this| NEW YORK, April 2.—Following INDUTRIALS. be made to pay and at the same time B UIL D I N G ed—complete protection for funds invested N an official list o onds and stocks irondac) Power. rive s vel o = e = . city. most of the storing being done | .n; % n"” m}. :h'fir ‘h\'fll‘x‘l ‘_1:”\ x:_ur: t?‘..m.d..': Fow = ‘2":‘ glve service at lower rates than pri- in our First f\1ortgagcs has ever been our first consideration. ¢ 0 Gas vately-owned corporations is proven Ius thajaries: arket today Am Gow & Blecpia 88 5% 1 naiint tases OF e Baven ey e Tk Prices today are around 30 cents in | BONDS ) Am Lt & Tract. .. 14 4 148% | town municipal electric plant just 917 15th St. N.W. this éity and elsewhere, and local High. 3 Am Pw &'1¢ new 213 | filed with the Public Berviee Com- dealars are apprehensive that storing i S5 S arpivar i) mission. The company made $57,050, Now Under at such a price may bring losses next K Aw Superpw pr pfd % or 17 per cent profit, - e ) Sl sa el Winter : T $ o5t 50 Appalac Iw & Lt ; ik el Ao Shonaon & Euchs Continued vigilance is a positive necessity Thirty cents is the top price at Kolting 3 Arizona Pw & Lto: : 2 The Hagerstown plant is Mary- Management when negotiating First Mortgage issues. A land's largest publicly-owned electric ol 2 R Arrotl . deodar this m ol “fov il o Armour & : e e e H e TN e That we have been persistently watchful of el ehi T s e | FE e i Lo o 100 7 cents a kilowatt for the first 10 Anacgist AnS im0 esona the interests of our clients is clearly indica prices for fresh stock next Winter. : % ; Al Apes K N SRR i il Market conditions were reported - . s g | 30 28 down to B cents Sor &l ABOVE [} 4 few snites still availehle. ted by the record of this institution—56 years this morning as being draggy, but p . PTG i n bt changed weather conditions a ex- s 5 2 1 Burrghs .vkdll_ll pr 10 . |down to 1% cents for more thal pected to bring an improvement B T o Pl corg 13 B A hov D e har e Butter—Fancy, b, 54; ts,| 26 g 3 y 5 . cents. == i i ity (Butter—Fancy. tub prin TR 5| B et tncomo was"893.499 tor e > We offer you the judgment and integrity ; 1% | vear and it set aside $4,000 for a 713 14t of a company of fifty-six years of experi- 1= Roosters, 19 lenn Sig ¢ . 3t 1 | worn out. This reserve now totals Winter! o : ; fowls, q o % y Guna ol BTH 37% | $206,000. which 1 will order eggs stored,” re- S : * Associnted kilowatt hours, 5 cents for the next| offices in the « It sells power current for 3 cents, Most attractive rates. without loss to an investor. Today's Wholesale Prices. gon : drend x D e Y 15y cial heating and cooking rate of 3 e alor, Suie |reserve to replace the plant when Main ence. ducks, keats, young, 60a70 e o i Sl De For Rad Co vie 20% 2 b Good Gains In Two Years. cach; geese, Dressed—Fresh- Lehigh P DL & W Coal... Its net income in 1922 was $64,000, 59 A or wm\_\:o.m" about §27,000, and the net increased l | = 0o $15,000 in 1924 over 1923. The total I . Live stock—Caives, chotee 135 me-| '} Bk o o , B £ R | conuny sy are gl < With SWARTZELL. RHEEM & HENSEY CO. , 10al1: thin, Sa9; lambs, Spring, | 3 boi ; 3 Pow Lt wi... 1415 It took in a total of $235.000 for||}| Monthly Deposit | SEVEN TWENTY SEVEN. FIFTEENTH STREET | 20%a21; loi 30; hams, ‘ | e LOANS FOR ONE YEAR B\ B nry o company assets are given as $691,000, Hve nogs Il & 104 Eise Tad Co 11% current sold last year, an increase Meats—Beef, 17; veal, ; lamb, ; Freshman Chas ... 101 N ie i ana on Account T R e ; S %aslu.ylon‘@ C 56 Years Without Loss to An Investor 30; shoulders, 16als. S e g 6. 587 1 7 % RS e ' 3 Gten Aty ol : STEEL OUTPUT DROPS. Today's market report on fruits and o o ; Bakerie ; | NEW YORK, April 2—*The week has | |f| etables (furnished by the Market 5 o o' DaEmne ex ; : brought a further slight reduction in News Service, Bureau of Agricultural Uxion Ot oD Cal 3 B3 Tater Oonnr. Bbias 4 | output of pig iron and steel,” Iron Age MORRIS PLAN BANK s e Lo e Intl Match Cor pfd 30% 397 says, “with indications of recession 1 Apples—Supplies light; demand| 3 U1 § Rubbor obis 7 Intern Udlities .. 10 in" the volume of new business and || 3th and Eye Sts. lght, market steady; barrel 1U S Kubber 6138 30 07 Jones Radio ... ot weakening in prices for certain |0 Character is the Basis of Credi land, Virginia and West inia, | 11 Yacwuw O 7500l T 2 2% | finished steel products. A readjust- s of Gradic S e v W sl 3 is. 9 ' 23 Tebieh Vor Coel .. &2 ment of production to bring it more AT nehar T G 00Ab 0, N FOREIGN BONDS. Lehi” Val ‘Coal N G 38% 331 36 |nearly In line with consumption Is in Ben Davis, 4.50a5.00; Ganos, 5.00; 513 Gty Ceen e Middle West THI.. 90 poy |changed little in the past three| hoxes, Northwestern, medium to 1arge | 3 Foinn, Nonia Mid W Tt pr lien 101 months Sites, oxtra Tency Winasaps, mostty| B Lo nwLls % 8 oare Drop Fors % s — 3.50; Yellow Newtowns, 3.00al 1 Krupp Fried 1 : ! 3 Music Master Corp 10 I of Poboel Aeparagus Supplies moderate; de- : M| 3 o M cor INITIAL DIVIDEND VOTED. " 2and I!ghr.d "_mr‘si.»:“m.rln-a sl(t;m;l}'. 3 % 100 3 Nat Ieather .o.... A% 4 NEW YORK, April 2—The Pacific Georgia and South Carolina, dozen | \ e 0030 1001 A : & ' Telephone and Telegraph Co. has de- | i ns s Dunch crates, very large size, 5.00a| 1 Toho Liec : 2033 . S clared an initial quarterly aiviaena |[[| £t Mortgage Investments ||| FIRST TIME OFFERED ; few 0; T size, 4.00a5.00; | salesin STANDAR! ES. i . v 6 % 25 o stoc ayable i T y ail ‘size, 5.00a3 reeetis 5 Niek 2 13359, to hotacrs ot Fecord Stayre. ||| Unconditionally Guaranteed . mand moderate, market about sieady:| 100 Atlantic. Lobos | il as to Principal and Interest |||| or Apri &) South Carolina, 1%-bushel hampers 100 Chesebrough Mfx pointed type, 1.2 0; barrel crates,| 0 Chewebr Mg prd.. 1134 4 ot Milk p . . o Money to l.aoan Dointed type, 2.50a2.15 0% 2 w4 I Every First Mortgage Invest- || An Ideal Investment Celery- D iberal; a a . 4 A 3 0% 108 3 Secured by first deed of trust on real estat S e off g the Usaunl: . . . . .o el R Gy i i e i 36 e A8 o€ et saivwel wtata| m:u“\‘\‘:‘ «[v‘”‘ l,’::m’n;\, I( nauati-_ | For Financial Institutions, Trust Estates and Individuals inch crates, 3-6 dozen, 2.50a2.75. n ta. 2 Item Noisel " 8 e g L d con nal Guaran- ||| : : S0 il o o d e Eaaee s Joseph I Weller 40 Wegh, %, & Trgyt 5 ont-ob the Tarsetraier, We Offer, Subject to Prior Sale Tettuce — Supplies liberal; demand i - & 8 o e e - e e bonding companies in the United iy meckay supy] weskers | {0 h e G e TR : | REAL ESTATE LOANS ||| Stucs sl e pavment of oo Tceberg type, 4-5 dozen, 3.25a3.50; few S Penn OI : 5 5]/2 a/ n&fi:fi#mflfmgg Il terest upon the day due and prin- [f|| low as 3.00; North Carolina, 5-peck s I TLE e d 0 Biarss provrmry ||| cipal at maturity Y hampers, Big Boston type, ordinary s e ot N L 244 | RESIDENCE LOANS AT LOW RATES Il il , & C quality, 1.00a1.25 I ‘ ; few 1.50. 4 & Co ptd | ! schattyanl, Onions— Supplies light; demand | '20 & 0 Ouo jti 11102 Sub el s | FRED T. NESBIT light, market steady; New York, 100- | |3 {yan & Fineh: o 5 sow| A e % INVESTMENT BLDG. Main 5302 Consult Our Trust 2 . E s, No. 1, medium = . . - 2 S 1 : INDEPE: . ¢ X : for Immediate ing ||l | I FImEE g SN American Telephone & Telegraph Co. erate; demand light, : > 3 : 142nd Dividend y New = York, 150-1b. s it Ser : i 3 st The regular quarterly dividend of ||| | =) Secured Upon the New whites, U. §. No. 1, 1.80a1.90; Mic! Serv new wi... 3 nit Li L 4im 4 Two Dollars and Twenty-Five Cents & = = - gan, 150-1b. sacks, ssets s, e 4 1 e e i (82.25) per share will be paid on Wed- ! 17 8. No. 1, mostly 2.25. New stoc] 80 Gantinenta % o - e 8 nesday, April 15, 1925, to stockhold- 3 D I Supplles 11ghts demand lght, market| 15 Contin 01 rts wi &8’ "9 - ers of record at the close of business || | Goldsmith Building | Slightly weaker: Florida ~ double-| 3 Creole o ‘ : = on Tuesday, March 17, 1925. | 14057 Eve SEN.W. M 9670 | | E| head barrels, Spaulding Rose, U 3 > s : { © Bros Pic A .. 15 8 4 H. BLAIR-SMITH, T . e AR s 1 , Northwest Corner of Eighteenth and I Sts. N.W. mard light, market dull; Texas, oG 3 52 e o toone - 5 5 wafihington) D.C. W R M Sp new vte bushel baskets, 90a1.00; Virginia, Nor- Me: Wickw, 8p St Co .. Something You folk section, barrels, Savoy, ordinary X R S auality, 150a2.00. er oif co ; MINING ’ INTEREST 1 Strawberrles — Supplies light; de- | R Can’t Bequeath B it e | YIELD 0 ui.an n’:\'h)\‘ ;:xf;; “:\”r:: eady; Flor. ; hino Ext Mines .. 72 : —is your business N i] ] 2 40a13; few Salt Creek Cons.. Tutie e 50 per qt. BE R Silve ability —the sagacity Cucumbers Come Down. which has developed : - : Dated March 26, 1925. Due March 26, 1930 19 Wilcox 0il & Gas. - 9 you and your estate. Cauliflower—Supplies light: demand| %0 Oil..: 06 08 R SRR R, el ok Denominations, $5,000, $2,000, $1,000, $500, $250 and $100 Mght, market steady; California | inger ......... 187 a1 1 But a binding WILL, , mostly 3.00. L] i B e W v 31 will safeguard your prop- (Semi-Annual Interest Due September 26 and March 26) g ns—Early supplies light; . — inter- 4 e express receipts Tnter wenen | Washington Stock Exchange. | 1o mdtgendence Tens sriy=protast ) heisiter i I8 Principal and Interest Payable at the Offices of a Z 3 Jous. - v\ y ests of your heirs. & a dffic ! : ited, market steady; Florida, %- SALES ¢ Copper Corp. ; 3 T SHANNON & LUCHS, Inc., 713 and 715 14th Street N.W., Washington, D. C. hel hampers, green, best, 5.5026.00,| o a1 Metropolitan Bank—9 at 295. Kuox Divlde " &FTalk this important gt K ] | Merchants' Bunk and Trust Co.—10 at 140, Piosame Wy 0 topio over with our Trust { eppers—Supplies light; demand| Lanston Monotype—10 at 51, 30 at 81 e - Dept. Officers. light, market steady: Florid, = e G e " k1 ml t t o crates, fancy e AFTER CALL Fchestes Stince 1a : ummary el inves ent reatures: Squash-— Vashis v e 250 Silverdale o . Tt i : Fomopan” mxichiion. : Na“ ona TOTAL ISSUE, $450,000.00 Pt meenquialty o S i Rt ki A NG on Saptagy | SECURITY: Direct Closed First Mortgage upon the new ofiice building of the 3.50a4.50 . Sret) D e b Peas—Supplies moderate; demand STOCKS. 1 b S5 Washington Medical Corporation, being erected at the Northwest 2 nden Coppe: D. C., to provide specially designed moderate, market fairly steady; Cali Bid and Asked Prices. 0 West End Consoi. . 2 Corner of 18th and 1 Streets N.W., Washington fornia, 45-pound crates. mostly 5.00. | PUBLIC UTILITY etr@ 0 nfian and equipped offices for physicians, surgeons, dentists, X-Ray men and leading physical Cucumbe: upplies light; demand Bid. Asked laboratory experts. medeils JnaiKetlalisiily weskar L SHARE INCREASE VOTED. ) LAND AREA: The lot has a frontage of 138 feet on 1Sth Street by 77 feet on 1 5.0085.50; faw 6.00; cholce, 3.00a4.00. | e o T = NEW \‘O'RK. April 2.—An increass OLDEST National Bank in the City i Street, with varying depths to a rear alley, making a total of about Carrots—Supplies libera srand | Anacostis Yo .22 | of 50,000 shares in the capital stock 5 G 13,500 square feet. ight, market steady: Texas, bucel | Anscoriis & Foto of the Cuyamel Fruit Co. to 300,000 15th St., Opposite U. S. Treasury BGIRDING: To ke cisht siories and basdsents weiniorced icomerste with structural A o e s steel frame. Exterior walls to be limestone, ornamental terra-cotta baskets, 1.75a2.00. G P, Telephone 58. 003 ‘39" |today. The new stock will be offered . & P. Telephone of — a R 9 5 oy é l 3 5 What £ R e “a3i; | to_shareholders on the basis of one and brick. Marble lobby; tile or terrazzo corridor floors; operating rooms with tile Batneati '“'"'X Buy. 5 Georgetown ist for every five held. ;fllmebnrxcbe. to be floors- and base. Two passenger elevators. ed investors always buy se= | Potomac Electric st 5 - : announced later, Wi e between y, : Conservative experts in value have appraised this prop- eurities that have a substantial loan . . ey . $47.50 and $50. VALUE OF PROPERTY Efl;\ £e (ol{o“w-p\'nlun e .;?p 53:0‘800.&7 value. One of the surest methods of . . e i ; 2 LHEEEET omac i e Value of Building 590,000.00 determining the value of any stock ; 57| BANK CLEARINGS UP. FIRST MORTGAGE NOTES Total Value $840,000.00 i to eek a loan on IL. If your banker | declines to consider it as collateral you can rest assured its marketability 3 : 103% | ATLANTA, April 2 (Special).—At- This mortgage represents only about of the sales value, or a protection of does not amount to much. y Eloc, 4. 8 | lanta bank clearings for March were 4 N ORED PER CENT ¥ 2 - 1013 | $281,672,004, a gain of more than $51,- FOR SALE nearly ONE HUNDR > NT. ¥ 300,000, compazed. with March, 1524, ANNUAL INCOME: Based upon moderate rentals for such a specially planned HARVESTER COMPANY I B 5 _|and the highest for any month since IN DENOMINATIONS OF building, in such an excellent location, the gross annual income | Bot. Jotnt stock L = ios " 1IN0, Botell trude shiows o 8 sier sl will be about $130,000.00. After liberally deducting for operating expenses, taxes and EARNS $8.81 A SHARE | iz fiealt B | inrreaasin thpralsteice sndSoliding the payments on the principal as they mature, the net annual income will be about 2 is gathering volume with & hah Trarbetcola & : 2 | warmer weather. 500 DOLLARS AND UPWARDS fimes eIl S e e s - Net Profits U 13,000,000 ‘Wardman Park Hotel 8s........ ceeee BOND FOR COMPLETION: Surety Bond for Completion has been issued by the RSP0 DODF A e = Aetna Insurance Company of Hartford, Conn., uncon- Charging Off Loss of L BQN, S ditionally guaranteeing to the note holders that the property will be free and clear by of all prior liens. Russian Plant. American Tel. & Telga 5 % 5 ol = Lapial Tractio = In ur ORGANIZATION: The corporation is to be directed by Dr. Charles S. White, Presi- By the Associated Press \37"}3:;’““:;";‘ o $ vest Yo M.% 9’ % dent; Dr. S. Boyce Pole, Vice President; Dr. Oscar B. Hunter, CHICAGO, April 2—The Interna- | ¥ Rws. & Eiec. com Secretary, and Dr. Ralph M. LeComte, Treasurer. These officers, with Dr. Edgar P. tional Harvester Co. enrned 3591 a | ok B & Bic. pHa April Funds at Secre p 4 Copeland, Dr. E. A. Merritt, Dr. Archibald L. Miller, Dr. Charles S. Hyde and Mr. share on the common stock in 1924 | Terminal Taxi com. 2327 %Mm/ %‘“ Leg Paschal, comprise the Board of Directors. aft ide: I s v NAL BAN X o, $006 & sharn tn 1980 Mot it A AT e 7% PERSONNEL: The owners and occupants are those who occupy front ranks in their increased to $13.03 fter charging | Sotambla or--ons s i | profession, and great care has been exercised to maintain the highest off $2.291,160 as 108s on the company’s | Commercial ...ooooereeeisienne standards. Russian plant, compared with $10.- | BRECL - Siichaiiia 100011 : A‘RA"GE today for the = MATURITIES: $20,000 to be paid off at the end of the second vear; $20,000 at the AP IEendL et A3 20N s aaet | e . i prompt investment at end of the third year; $20000 at the end of the fourth year; the . Current assets were $167,- | Line G - 7% of funds you will have balance maturing in five year s 51,473 and current liabilities $19,- | Xationd! B i available during April. PARTIAL PAYMENT PLAN: We have an attractive deferred payment plan and leaving working capital of | MEks o : e details will be cheerfully furnished upon application. e il ' | ot WE RECOMMEND THIS INVESTMENT AS ONE OF THE tions of several attractive L. & N. EARNED $12.07 |&snioi e rmmm, 3 |l G ue % of 7ab First Mort. FOR INVESTORS ‘ BEST WE HAVE EVER OFFERED PER SHARE LAST YEAR | S fayisse &% iis- | festBondaftiht are cow ‘ Call, write or telephone reservations, and they will be allotted in s the Associated Pre s ; 1 s P NBW TORK, April 2—The Louts i SAVINGS BANK. SmithBondsaresold in de- MORTGAGE NOTES | the order rcc;;RTGAGE AR ville and Nashville earned $12.07 a | Commerce & Savin g : share on the capital stock in 1924, | East Washington. nominations of $100, $500 against $11.53 a share in 1923 Net | S s : and $1,000 outright or mceme was $14,132.793, compared with s . under our Investmerf Sav- IN CONVENIENT DENOMINATIONS $12,498,935. James B. Brown of Louis- 10 cs. A s a i | soialarin s @it pitotun s ings Plan. ail he Coupon now. O . . ( H ceed the late August Belmont. S 2 ON IMPROVED PROPERTY I I INC b g Goveor 3 B The F. H. Smith Co. BOONE MEETING PUT OFF. | Xational Usion 3 z Founded 1873 i il g e | s CHICAGO, April 2.—A meeting of TITLE INSURANCE. No Lous to Any Investor in 52 Years 713 d 715 14 h S N w the stockholders of the Daniel Boone b Smith Building, 815 Fifteenth St. an t tl'eet . . Woolen Mills, originally called for 3 this week, has been postponed until MISCELLANEOUS. | Washington, D. C. April 20, pending contempt proceed-|p (. Paper pfd... g THE F. H. SMITH COMPANY 3 ings, officers of the company said to- | Merchans' Trans. & Storage a-l:'mi.., Wadkington, D. C. _Telephones: Main 2345-6-7-8 and 9 day. The meeting was expected to|Mergenthaler Linotype ase send me information about H RU take formal action upon the offer of | Natl, Mtge. & Invesl; brd. Samith Bonds paying 7%. . L. | No Loss to Any Investor Daniel Rosenthal, New York clothing | 0lq Duteh Market pfd. : manufacturer, to take over the busi- | Lanston Monotype . H Name............ 5 ness of the mills, for which receivers | Security Storag 'y 912 15th Street Main 6888 2 Wethington M S lgbimmatrralited by Reth Baiel e ey o - i RS CASAIEoe I [ T S S NS MAEZAS and Federal courts *Er. div.