Evening Star Newspaper, April 14, 1925, Page 29

FIN ANCIAL, VEGETABLE SALES ARE FAIRLY GOOD Meat Dea|ers Complaln That Demand Is Poor—Prices Partial Cause. itoes from the South are ed only in moderate quan- ies being about equal emand. Prices are not itoes and other early ding ready sale,and ct that there are among consumers. for increased de: etables and slow is the high prices . As the weather s expect an in or smoked meats as compar to new vegetable Cabbage Market Weakens. b pointed Carolina light demand “weaker. Deal bt of liberal supplies from the South and West, nd being moderate and the warket steady Only mode; type Te 1ce ite supplies of new po- eceived and there is the market eceived in liberal - prices rule beans have and prices made the cheaper. Light supplies of cucumbers moderate supplies of peas are re ing the local market, and a light ply of peppers is ample to meet mo erate demands. Today's Wholesale ma Prices. 4; prints andled, 30; 19; young lled 19a ducks, , 40245, choice, 12 lambs, Spring, me- 18; lamb, hams, Apple Market Steady. v's market report on fruits and piled by the Market areau of Agricultural Winesaps, pplies liberal demand ket fairly steady; South crates, v 4.50; medium 3.00a3.50; small few lower. ies liberal: demand ; some liberal airly Supplies demand steady; Cal- tes Ice th Caroll; T npers sston type, ordi nary quality Onion Supplies Onions moderate New York United States wize 4.0024.25 standard crates commercial pack, mi No. 2, mostly 2 few be: Potatoes — Supplies moc ind moderate, market stock, New York, 150-pound »und Whites, United States 00; Michi 150-pound Rur ed States Florida, Supplies market steady pound No. in 1s, No. double-head Rose, United State ; few, 8.00. plies moder: arket firm; tors, most] Noith C: BY WILLIAM F. HEFFER: NEW YORK, April 14.—The anding strong spots in hte curb market todey were the public util ities issues. While other groups were being affected by reports from the outside trade situation, buying con tinued to make itself felt in this quarter and advances in sever: in stances were rather sharp. The high- priced National Power nd Light, well across to a new high record, reflected the possibility of a stock split-up in the near future. American Power and Light, new: Lehigh Pow out- NEW YORK, April is an official list of by traded in on the New ket today 14.—Following and st York BONDS High 84 15 Allied” Packers 8s 1k 6155 10 fs A Wi Dep 6 ps Wt wt 104 1 Lae B Wi i on_Oil Prod Nnit Ry H S Rub 6 7S Rub 6 X Rub 6 . 106% 97% BONDS 80% 80 801 Siem & H Swive fo Toho. L ) South_Penn 346050 Ind 008 O Kansa Gil 01 NDE Vacuum EP! T OIL STOCKS, bson_Oil Corp. 2o Pot 110 Latin-Am - 6il 5 Mount_Gulf . New Bradfd’ Ol Mex Land Bank Oil ana 0 & R Con Ck_Pr Central Oil zuelan Pet. ox Oil & Gas INDUSTRIALS, 50 i < J140% 48y 613 ous vari quart. mostly 35 Sweet Potatoes Dull. "omatoes—Sup; 1e mand r Florida demand sderate, lifornia, mostly Sweet Potatoes—Supplies moderate; | demand light, market dull; North rolina, cloth-top barrels, , No. Supplies liber: and moderate, n pepper crates, w light; steady; South Carolina, | small size, 2.00a2.50 pplies rate, m moderate arket steady crates, 3.50a4 Supplies moderate; market steady shel baskets, 1.75 FAVOR REORGANIZATION. ON, April 14 no formal stockholders ¢ Railre BOS" ken, faine e pro spite the us terms of (Special).—Al- vote has been the Boston and nown to favor n, de- 1 bond wversion er olders. + | Athene, B Vienna, GERMAN BONDS AND STOCKS. | (Quoted in dollars per million mar) icl Ger Gt (w In) 58 1014-18 1500 lin, s pre-war i35 & 48 prew L Bank Vienna. . - FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) minal “Selling checks ve. $4.7 Merce Zurich, dr: peseta. . crown . best, crown. . \IORRlb PLA\ BANK OF \\ ASHINGTON in the District of Columbia. business on April 6, 1925. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Curb |* THE EVENING STAR, WASHINGTON, B TUESDAY, APRIL 14, 1925. and Ten stood out ric Bond and Share nessee Electric Power all strongly. The |nml in Durant Motor: bid its favorite up, only in a minor de; ocks were a slight upturn in eltine Charles F s n Corporation. Oil share ctically ignored the further ent today of price cuts in Gulf Coast crude, and, if anything, were in better demand. The slight upturn in American Beet Sugar 6 per cent bonds was sym with strength in the stock. tried to ucceeded dio for and save 2 Doehler Die Durant Mot uz Co A N Y Transp Nick Pl new i Nor St Pow w Nor Ohio Pw Moto; 3Un Lt & P A Un Ptt’ Shar Min Spr n M S n vt Sp St Co A new n pf MININ Ariz_Glohe Cop 5 Chino Ext Min Cons Cop Mines. old Lt In Eurcka_ Croesus. ty Nine ) Coppe Yational “Tin e 10 Pivm Lead Min. 10 Spearhead Gold.. 80 Stand_Sily. Lead Min ntl Copper.. BIRD MYSTERY SOLVED. Red Crests Prove Flannel Glued on by Joker. TON, 14.—The origin « ded sparrows which pring cted Boston orni- thologists have striven vainly to class- ify, has been traced by police i- gation to the hobby of a Dorch man. Some of the strange-appearing birds were captured As a t of an_investigation by police and agents of the Society for Prevention of Cruelty to Animals, Dorchester man was brought into court where he admitted that for some months past he had been spending on Sparrows | rows, | their his leisure moments in trapping spar glueing red flannel crests to| heads and releasing them flaunt their millinery in the face their feathered c nnu\flmwnfl LIVE PDULTB.Y LOWEB Dairying and the products derived from the manufacturing of raw milk constitute the fourth largest industry 'REAL ESTATE LOANS FRED T. NESBIT T BLDG. Main 9392 “WHEN” Investing Tn Our FIRST MORTGAGE NOTES —you not only get the advantage of absolute safety BUT an elfimm, prompt and courteous service in the remitting of your interest. You can plan months ahead for your interest check reaching you the day due. Our facilities enable us to provide for the investors of small amounts of I trom 65 of the UNIVERSITY FUNDS INRAILROAD LIENS Nearly 30 Per Cent of En- dowments Are So Invested, Inquiry Reveals. 30 per cent of all the income producing endowments of leading col- leges, universities and technical schools throughout the United States are invested in steam railway stocks and bonds, This is shown by replies feceived emost_endowed col and other educational institu of this country in response to tionnaire recently t to them Bureau of Railroad Economics. and Stanford Leads. value of the of those 6 3 . Of that 7 d in securities or 27.9 per Investments in steam th colleges , while invest- stock amount to A S anford University in Cai- ifornia ranks first in the amount in vested in railway curitie: Of it total productive investment, $ 000 or 49.8 per cent represents invest- ments in railway securitie Harvard Stands Second. Harvard University with $13,681,— or 31.8 per cent ranks second ‘\'.110. with $12 411 or 3 invested in s railway is third. Chicago University or 29.8 per cent it Hopkins University or 53.8 per cent is fifth A number of smaller schools have still larg percentages of railwa vestments, notably, Connecticut lege fc Wi en, with 90.8 per “atholic University of America per cent, Bernard College per lent and Bryn Mawr per cent loge tior aq by the Le The tot tive investment tion produc- : total §1 s in railway ,681. by am with fourth with $11,513 and | $10,1 Col cent, with with with 9,375 in productive in have been m: by University $8,966, or ratlroad se Institute Princeton lV"\t' ity ha 3 per cent invested in s v securities $7,437,040 eam rail- Experienced Cashier, Also Teller Capital Mutual Savings Bank 710 14th St. N.W. surities, | of WE not only enjoy the presitge of never having a client loose & single penny in either principal or interest, BUT —enjoy the distinction of never having lost & olient through our Mortgage Department. Our Securities are now available in small and large amounts, bearing 6159 INTEREST Invest your savings where you know they will be adequately secured. CHAS. D. SAGER Mortgage Department 024 14th St. N.W. Mai REPORT OF THE CONDITIPX of the DEPARTMENTAL BANK : Washington, in the District of Columbia, the close of business on April 6. Reserve District No. b, RESOURCES iscounts, in- rediscounts, _ae 01 other banks, bills of ex draite, - s0ld sl ”“sum...nr 170:03 Loans eludin; ceptance and foreign change or indorsem: nisecured. Government ities owned (inel miums, if any) bonds, stock ities, _ete Banking I $111.748 83 nd fixtures wecur- g pre- ik B 97,768.82 12.642.50 furmiure R anases \ vault ‘and’ amount from national banks. 197 ellaneous cash items. Total LIAB apital stoc Surplus fu g CaU n divided profits L current’ ex- nses paid 910.00 511.34 Certified outstand ing checks outstand- Total of i 5 and 26 Demand depo than bank d subject 1o re posits payable $3,613.80 (other sub- (e within 30 ayx ) . Individual ot to Certificates in less than (other than owed) deposits sub. days money “deposit 30 for | | 3 | | Money to Loan Secured by first deed of trust on real estate Prevafling interest and commission Joseph I Weller 30734 % £ ¥7%¢ Public Works INC. First Mtge.7% B Due 1945 onds State-wide_electric power system. Extremely low cost of production. Guar- anteed unconditionally by State of Saxony as to principal and interest. Price to yield about 7.80% Ask for descriptive circular The National City Company ‘Washington—741 15th St. N.W. Telephone—Main 3176 2 New Booklets For Investors IFTY-TWO YEARS OF PROVEN SAFETY”--tells why Smith Bonds are safe bonds; how Smith Bonds are safeguarded ; how our record of no loss to any investor in 52 | 1.000.00 | Dividends unpaid 536.20 | Other ¢ Total - deposits deposits s rve (payable ays, or eubject ays' or more notice, postal savings) Certificates of deposit (other than for mones bor 30 and rowed) 35. Other ume eposits reserve. \tems 118 borrow 1 rediscounte) r than’ those above stated otal District of Columbia, ¢ I H. C. BOCK, ca named ‘bank, do _sole above statement is knowledge and bels H. C. BOCK, Cashier Subseribed and sworn’ to before me this 13th day of April, 192 WM. H. DORSEY Notary nly swear th ie 10 the best Correct—Attest MONEY TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST REPORT OF Reserve District No. 5. CONDITION Of the NATIONAL BANK OF WASHING of Columbia, Washington, in the District April and discounts. . erdrafts, unsecured . U. S. Government securities owned: a Deposited to secure c bonds, par value) b All other United States (including premiums, if any) Total 4 . Other bonds, stocks, securities, etc. . Banking house, $450,000; reulation jovernment securities furniture and fixtures, $57, . Real estate owned other than banking house. "ON at the close of business on RE \‘OL'RL ES. (. $1,050,000.00 537,500.00 90,644.85 . Lawful reserve with Federal Reserve Bank. . Cash in vault and amount due from national nl . Amount due from State banks, bankers and trust companies in the United States (other than Jmluded in items 8 and 10 for clearing house. s on other banks In the same city or tow ing bank (other than item 12)! Total of items 10, 11, 12 and 3. . b Miscellaneous cash Ilem . Redemption fund with Treasurer . Other assets . . Capital stock paid in. . Surplus fund .. . a Undivided profits b Reserve for depreciation ¢ Less current expenses pald . Circulating notes outstanding. . Amount due to national banks. . ‘Amount due to State banks, bankers and trust companies in the United States and forelgn countries (other than in- cluded in items 22 or 23; . Certified checks outstanding . Cashier’s checks outstanding. Total of items 23, 24, 25 and 26 LIABILITIES 72,656.60 ,500.00 384.48 $12,179,290.89 - $1,050,000.00 e 850,000.00 $160,704.48 20,000.00 $180,704.48 93,648.66 52 1,050,000.00 16,905.27 18,087.25 $121,494.19 Demand deposits (other than bank deposits) subject to re- years is maintained. “HOW TO BUILD AN INDE- PENDENT INCOME” (1925 Edition)--Tells how you can buy Smith Bonds with savings of $10 or more a month; how you can get bond interest on all pay- ments; what you can accomplish by systematic investment at 7%._ Ask for these two booklets today. The F. H. Smith Co. Founded 1873 No Lows to Any Investor in 52 Years ‘Smith Building, 815 Fifteenth St. THE F. H. SMITH COMPANY Smith Building, Washington, D. C. Please send me coples of your two new booklets. Mame Address We Recommend As One of the Best —investments we have ever offered, either for Financial Institutions, Trust Estates or Individuals, the FIRST MORTGAGE NOTES ~Washington Medical Building Northwest Corner of Eighteenth and 1 Sts. N.W. ‘Washington, D. C Total Issue, $450,000.00 Denominations $100 to $5,000 Interest Yield 61:% Call, write or telephone reser- vations, and they will be alloted in the order received. MORTGAGE INVESTMENT Department SHANNON & LUCHS 713 and 715 14th St. N.W. Washington, D. C. Telephones: Maln 2315-6-7-8 and 9 No Loss to Any Investor T T FINANCIAL. FEDERAL - AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President GERMAN Bought—Sold——Quoted BONDS Full New York and Berlin Market Received Daily Send for Special Market Letter Peter Whitney 203 Investment Bldg. Telephone Franklin 3978 The Faith That Endures HE issuance of W. ardman First Mortgage Notes is not a new departure, but has been for more than a quarter of a century the public’s medium for profitable participation in the constructive program of the Wardman organization. Current Issues Bear 6% Interest Denominations From $100 to $100,000 WA Constructio R nc MAN mpany Main 3530 ““We House One-Tenth of Washington’s Population” WHEN you have need of funds for immediate use, you can readily procure a BOSS i 417 K Street NW First Trust Loan on your house or other Washington real estate. PHELPS “HOME OF HOMES"” Main 9300 Established 1907 STOCKS INTEREST pa 1 0{ pr a e/ = to |l the SAME RATE of that we y on large deposits. This is an institution financial strength and esnge but not too hlg bank to serve well those who have but little lay by. Start a PAYDAY ac- teenth—any amount will make you a depositor. Open Until 5:30 P.M. > Thursday Tomorrow& OFFICERS: WILLIAM D. HOOVER. JODBURY BLAIR. _President ist V. Pres 5 V. Pres Trust Offcer “Treasurer Secretary _LAsst. Trea rrust Offic Anst. Trust Officer N W. CERT....Asst. Treas. W. HILES PARDO Asst BERT H. SMITH. ... Asst. Seer NDER_J. FANT..Asst. Secy JOHN M. BOTELER......Asst Secy Natlonal Savings Woodbury James A. William A Walter C. R. Rozier Trens- | Fredericx H Prescott Gatley OVC]’ 45,000 Depositors DIRECTORS: Blair Buchanan H. Church V Clephane Dulan William D. Hoover eginald S. Huidekoper ictor Kauffmann Charles Minshall Edmund D, Fraok Stetson Frank W. Stone Villiam H. Walker Henry K. Willard & Trust Co. Rheem A. Fenning | Oldest Savings Depository in Washington | Cor. 15th and New York Ave. Nati«ma Metropolitan Bank Capital, Surplus and Undivided Profits, Over $1,800,000.00 15th St. Opposite U. S. Treasury—111 Years Old 3 T NATIONAL BANK IN THE DISTRICT OF COLUMBIA George W. White, President. 0. H. P. Johnson, Vice Président. : Frederick DeC. Faust, Directors Arthur T. Brice Walter Brownley Frederick DeC. Faust Wm. F. Gude Charles Jacobsen O. H. P Johnson Rudolph Kauffmann serve (deposits payable within 30 days) . Individual deposits subject to check. . Certificates of deposit due in less than money borrowed) ... . Other demand deposits. : Total of demand deposits (other than bank de- posits) subject to reserve, items 27, 28 and 32 $5,151,458.76 Time deposits subject to reserve (payable after 30 days, or subject to 30 days’ or more notice, and postal savings): . Other time deposits . Postal savings deposits. 2 Total of time deposits subject to reserve, items 85 and 36 . . $3,861,770.! 9s . Liabilities other than those above stated Dr. J. Thos. Kelly, Jr. Maj. Henry Leonard A. Lisner Townley A. McKee Col. Arthur A. O'Brien C. F. R. Ogilby Frank P. Reeside Hugh Reilly E. Francis Riggs Wm. H. Saunders Herbert T. Shannon H. C. Sheridan Thos. Somerville Walter R. Tuckerman John C. Weedon Henry A. Willard, 2nd W. A. Wimsatt George W. White. 3% Paid on Savings One Dollar or More Will Open An Account .OPEN UNTIL 5:30 P.M. TOMORROW $100 to $500, all of which bear 6Y2% Information Booklet Sent Upon Request CHAS. D. SAGER Realtor Loan Dept. v r cent. CHICLE TO OUTLINE PLANS NEW YORK, April 14 clal district is expe ent by the American Chicle Co. the near future of a plan to o | o e of accumulated dividends the preferred stock, now tot, e and also profit and including the balance of notes payable. The company’s affairs are understood to be showing marked im provement. 5,097,421.25 24,500.00 29,537.51 Loans and ing rediscounts. of other banks. and bills of excha or drafts, sold with dorsement of this bank Furniture and fixtures. = .. ash in_ vault and amoun O e Trom national banks. r assets, if an. : R. P. Hollingsworth, Asst. Trust Officer. C. F. Jacobsen, Cashier. Chas. E. Bright, Asst. Cashier. Albert H. Bedford, Asst. Cashier. C. Louis Eckloff, Asst. Cashier., J. Gales Moore, Auditor. The fing announ 24 14th M. 36 3,759,843.56 Total 101,927.42 LIABILITI . Capital stock paid in Urplus fund. a Undivided cit, “s0.000.00 | |} Loans for One Year Momhlv Deposn on Account 7,511.14 Drof- —_— e ....$12,179,290.89 Total . City of Washington, District of Columbia, ss. 1, J. FRANK WHITE, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. J. FRANK WHITE, Cashler. Subscribed and sworn to befort me this 13th day of April, 1925. (Seal.) EVERETT H. PARSLEY, Notary Public. Correct—Attest: CLAREN F. NORMENT, D. J. CALLAHAN, ODELL 8. SMITH, GEO. L. STARKEY, JAS. TRIMBLE, G. W. FORSBERG, MAURICE F. FLYNN, CHAS. SCAFER, MORRIS MARLOW W. CLARENCE MILLER, JOHN G. MEINBERG, HARRY NORMENT, P. J. WALSHE, CHAS. LINKINS, RICHARD E. PAIRO, JOHN ED CAMMACK, FRANK R. JELLEFF, CLARENCE F. NORMENT, Jr., ARTHUR MAY, penses paid 20. Reserved for taxes, interest, e aocred 7 1 3. Certificates of deposit (other e han for money porrowed) 343.000.00 5. Other time dcvoilln 47.751.70 Total e ..$643,718.01 Washinkton. . l- }’Au FERGUSO! cashier of the above named bank. do solemnly swear that the above siatenient” 14" trie o the best of my rowledse and belle —_— L FERGUSON. Cashier. Subsrnbe‘d Alfldls\'\um to before me this 11th ds pril (SQIH s IRVING W. BUCKLIN, Notary Public. Correct—Attest: BERTRAM CHESTERMAN, HARRY MORRIS. GEORGE C. SHINN, 646.56 | 2.319.45 - A Word to Speculators. If you must speculate, select a rep- utabie broker who holds membership in a recognized stock exchange. Ex- nge require in themselves, are some protection, as its members must comply with business ethics as| provided by rules and regulations. 1 & member violates these rules, he hazards his membership, which Is usually his greate: asset. Trust Officer. Morris Plan Bank 13th and Eye Sts. Loans Made of From $50 to $10,000 “Character and Earnieg Pewer Is the Basis of Credi. The Mediterranean is described as being “full of American million- twires.” Directors.