Evening Star Newspaper, April 20, 1925, Page 23

FINANCIAL. STRAWBERRES AR LOVER IN MARKET Tomatoes, String Beans and Squashes Also Selling at Lower Prices. A slightly weaker strawberry mar- ket was reported by the Market News Service, Bureau of Agricultural Eco- nomics. The weaker market and moderate supply of the berries brought prices to a lower level. Berries, many of them from North Carolina, are in splendid condition and are finding ready sale at reduced prices. Fine quality of tomatoes from Florida are not arriving in big lots. Fairly large supplies of inferior to matoes are being received and sold in small quantities at reduced prices. Best stock is commanding good prices. Heavy supplies of string beans and equash have resulted in decreased prices for the two vegetables. Only light supplies of cucumbers are being received, but shipments for past few days have shown an increase. New peas from South Carolina are being received in bushel hampers. Supplies are light, demand moderate and market steady. There was the usual slow Monday trading this morn- ing, prices of most commodities hav- ing undergone no change since the close of last week's market. Today’s Wholesale Prices. Butter—Fancy, tub, 52a54; 55a57; store packed, 20a23. selected, candled, 30; prints, average receipt Poultry—Aliv Winter chickens, geese, 15a20. 35a38; ;228 Dressed—Fresh killed Winter chickens, 35a38; roosters, 19a 20; fowls, 28; turkeys, 35a40; ducks, 25a28; geese, 20a25; capons, 40a4d5. Live stock—Calves, choice, 11%: medium, 10all; thin, S8a9; lambs, Spring, 13; live hogs, 13a13%. Meats—Beef, 17a18; veal, 1 27; hogs, 20%a21; loin: 28a30; shoulder e Fruit and Vegetable Review. Today's market report on fruit and vegetables (compiled by the Bureau of Agricultural Economics) says: Asparagus—Supplies mode! mand moderate, market stead Carolina, dozen-bunch crates, very large sizes, 4.00a4.50; small to medium size, 3.00a3.50; small size, 2.00a2.50. Cabbage—Supplies liberal; demand moderate, market steady; South Caro- lina, barrel crates, pointed type, 2.25a- 2.50. Celery market steady 4 to 6 dozen, 3.00a3 3.00. Lettuce—Supplies moderate; de- mand light, market steady; California, Imperial V s, iceberg type, 4 to 5 dozen, 50: Arizona, crates, Tceberg type. mostly around 3.50; North Carolina, 5-peck hampers, Big Boston type, 1.00a2.00. Onions—New stock; supplies moder- ate, demand slow, market dull; Texas, standard, crates, vellow Bermudas, commercial pack, mixed No. 1 and 2.00a2.25; old stock, supplies light, de- mand light, market steady: E 110-pound sacks, vellow, No. 1, 4.50a 4.75. ambs Supplies light; demand slow, 10-inch crates, ; 3 dozen, 2.50a Potato Supplies Light. Potatoes—Old stock: Supplies light; demand light, market steady York, 150-pound sacks, round 7. S. No. 1, 1.80a2.00. New upplies moderate; demand market weak; Florida, double head barrels, Spaulding Rose, U. S. No. 1, o sales reported. Strawberrie: Supplies moderate; demand good, market stead: North Carolina, 32-quart crates, various varieties, wide range quality and con- dition best,.some soft, leaky, 5.00a7.00; few higher, poorer, moldy, low as 2.00. Tomatoes—Supplies mand moderate, market steady; Florida, sixe: ripes and turning, wrapped originals, fancy count, some spotted, soft, best, 5.50a6.0 choice count, a5.00; fair quality and con- dition, fancy and choice count, 3.00a 4.00. moderate: de String Bean Market Dull. Caulifiower—Supplies light; demand slow, market steady; California, crates, 3.25. String_beans—Supplies heavy: de- mand slow, market dull; Florida, 74-bu. hampers green; wide range quality and condition; best, 1.50a2.00; poorer, 50c; some refused. Cucumbers—Supplies light; demand slow, market weak “lorida, sq. bu. crates fancy and choice, 3.00a5.00. Squash—Supplies heavy; demand light, market dull; Florida, pepper crates, white: mostly around 2.50. Peas—Supplies heavy; demand slow, market dull; South Carolina, bu. ham- pers, large-pod varieties, best, 2.50a 3.00, few higher; small-pod varieties, Very few sales, fair quality, 1.00a2.00, Peppers—Supplies light; demand moderate, market steady; Florida, crates fanc 6.00a6.50, mostly 6.00; choice, 3.00a3.50. Eggplant—Supplies light; demand lght, market steady; Florida, pepper crates, 4.00a4.50. Beets and carrots—Supplies light; demand moderate, market steady; Texas, bu. baskets, 2.50. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY PHILADELPHIA, April 20.—The worsted yarn market shows somewhat more activity this week, but spinners say the long dull period resulted in many offerings coming out at less than present replacement costs. They expect improvement, however, as knitting trades are active. AKRON, Ohio, April 20.—Tire pro- duction at Akron plants continues to average around 120,000 casings a day. The demond for rubber footwear and , mechanical rubber goods is increasing. An advance in tire prices is constantly talked of. FORT WORTH, April 20.—Texas cotton seed oil mills have practically exhausted the supplies of last season’s crop and are looking elsewhere for supplies. The industry has had a severe setback by the recent drought. CLEVELAND, April 20.—Silver fox pelts of more luster, softness and de- sirability for fur scarfs are expected to result from the extensive re- searches which directors of the Amer- ican Fox Institute at their meeting here determined io undertake in feed- ing and breeding. CHICAGO, April 20.—Wholesade dry goods business in the Middle West 1is running well ahead of that of April, 1924, There are more customers in the market, although buying con- tinues to be frequent rather than large. _—— BUTTER PRICES TODAY. CHICAGO, April 20.—Butter higher; creamery, extras, 44; standards, 44% extra firsts, 4214a43; firsts, 41a42; sec- onds, 34a38%. Eggs lower; receipt firsts, 27%; ordinary BY WILLIAM F. HEFFERNA! NEW YORK, April 20.— Stocks moved with a good deal of indecision in the curb market trading today, but those back of operations for the rise in a few selected specialties continued to press their advantage. Engineers’ Gold remained the out- standing feature, establishing a new high when it sold at 52 for a gain of 4 points. The new Chrysler Motor preferred and common, along with . NEW YORK, April 20.—Following is an official list of bonds and stocks traded in on the New York Curb Market today: Sales in thousands. 16 Allied Pack 3 5 Alum 7s new '3 3 Am Beet Sug C 6s 98 31 Am Gas & EI 96 8Am Pw & Lt BONDS, S (3 FEFEEES G ) Anaconda 6s - s Sim Hdw §%s G & W 1SS be tlan Fruit 8s Inc & O RR bs SW ell Tel Can b8 A “an Nat Rwy 7 Cities Serv 7s D. . it Serv P &L Con Gas Ba woxSorosoty SEESRERRSEEEERERER2ERERS: # B TSRS IE FEEEE RS EE-Enin S>> o e & 3 Cuba Co of N J 8 Detroit Cit Gas 5 Detroit Edison_@s.. 4 Dunlop T&R 738 2 Gair, Robt, 7s. - Intl Pap 68 A wi. Lel ower 6s.. eSS onsesle orris & Co. 7%s at Leather 8s... N Orlns P Ser bs BIES32E EEEREE G55508 T8 aaaaa 0ol o n‘.f:.fim_f s . s 6%s... 09 FOREIGN BONDS. G tional 78 811 2 Ind Mor Bk Fin 78 923% 1Krupp Fried Lt 7s 927 902 1 Mort Bk of Den 6s 90 ° 99 F 6 Swiss Govt 5las. 101% 101% 1017 14 Toho Elec 7s.... 90% 90% 90% STANDARD OIL ISSUES. Anglo Am Oil.. 25% mberland P 'L 145 Gal Sig Oil.... 55 100 Humble O & R. 46 145 24% 115 14 145 7 1 28% 24 13, 30 OMFRd 500 Imp Oil 'Can new 4200 Intl Pet Co Ltd 10 Masnolia Pet . 100 Penn_Mex Fuel 40 &Gn ¥ B afuil o et o ik e o & & (o i F 3 P =5eEEEeT LTS EasE s fReratetate vt %) @ P el & 5 & E NDEPENDENT OIL STOCKS. in hdrds. 33 Allen: Oil - 88 Am Maracaibo 1 Ark Nat Gas. . new wi 1 Cit Serv pfd. 17 Colom Synd 12 Continental Gult Qil 30 Lago Pet . 50 Latin Amer 1 Mount Prod 4 New Mex Land. . 14 Peer Oil Corp. .. 7 Pennock Oil Cor. 23 Roy Can O & R Ryan Con ... 3 United Cen Oil Venezuelan Pet 9 Wilcox Oil & Gas 85% T 56% Bily wila 1305 130% 8 Adirondack 56% 1Am Gas & El ptd 841 i Am L & Tract. . . 140 16'Am Bw & Lt nw i Am Pw & Lt ptd 1 Am Superpow A JAm Superpow B. 8 Ausoc Gas & El 5 Armour Co B vic 1 Artloom Corp. 73 Borden Co'_ 11 Borden Co rte Wi 2 Brazil T L&P Lt 50% 1 Bridgeport Mach. 83 1 Brown & Will B. 11 % Bucyrus Co .. 134 i 5 ‘ 10 Centrit Pipe Cpn 16% 7 Chapin. Sacks Co 13 Chatterton & Son 13 Chrygler wi. .- 2Chi Nip A 1 Cleveland Auto Washington Stock Exchange. SALES. tion Co.—1 at 92%. 10 at 75 TG ool 8 X ¢ 92 at G oriolk & Washingion Steamboat Co.—10 at 248. & National Bank-—10 at 342%. g:n'n?on Monotype—10 at 80%, 10 at 80%. 5 at 80%, 5 at 80%. AFTER CALL. Gas 55—$1,500 at 99. Washington Gas 0s ‘333500 at 103%. Riggs National Bank—10 at 3. 2 ‘American Security & Trust Co. 20 at 328 ashington Rwy. & Elec. com—100 at 109. Money—Call loans, G and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Asked. American Tel. & Telga, 4s. 8% . Tel. & Telga. 4% ‘Am. Tel. & Tel. ctl. tr. bs. Am. Tel. & Tel. conv. & ‘Anacostia & Potomac b Ana. & Potomac guar. C. & P. Telephone bt C. & P. Telephone o! Cap. Traction R. City & Suburban B: 4 Georgetown Gas 1st Bs. Potomac Elec. 1st Bs.. . . Pootomac_Elec. Cons. Bs. Potomac Elec. 6s 1953. Pot. El. Pow. §. m. & re h., Alex. & Mt. V. 5 Wa 5 Washington Gas bs.. Wachington Gas 6s. Wash. Rwy. & Elec. 4 . Rwy. & Elec. gen. oint Stoc 5 “(long) Rig 58 (short) . Southern Bldg. 6% Wash. Mkt, Cold Storag Wardman Park Hotel Ge.. STOCKS. PUBLIC UTILITY. American Tel. & Telga. National Columbia Commerciai District Farmers & Mechanics'. Federal-American Liberty . Lincoln National econd . National Bank of Wa: TRUST COMPANIES. American Security & Trust Continental Trust..... Merchants' Bank National Saving: Union Trust............ Washington Loan & Trus SAVINGS BANKS, Commerce & Saving: > East Washington. Security Savings Seventh Street, United States. ‘Washington Mechanics’ “ee FIRE INSURANCE. American . 225 Corcoran Firemen's National Ui TITLE INSURANCE. Columbia . Real Estaie. MISCELLANEOUS. . C. Paper ptd. Merchants' Trans. Mergenthaler Linotype. Natl. Mtge. & Invest. Oid Duteh Market com Old Duteh Market ptd Lanston Monoty Washington = Ma Yellow Cab, age pack, extras, 30; firsts, 20%. *Ex dividen THE EVENING NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Maxwell Motor Corporation certifi- cates of deposit for the A and R stocks were admitted to trading, Chrysier common opening ac 82. With che copper metal quoted at the comparatively low figure of 14% cents a pound, there was no incentive on the buying side of copper shares. United Verde Extension was pressed for sale in sympathy with offerings of copper stocks on the stock ex- change. 21 Comwith Pow C1 Comwlth P C pf 80 Comwith P C wt 1 Cons Gas Balt n 5 Contl Bak 5 2 El Investors Inc 345 Elec P & L wi.. 5 Eureka Vacuum. 1Freed Eise B C 3 Freshman_ Chas 1 Franklin Mfg 1 Garod Corp. ... 2 Gen Outd Ad vie Gillette 8 R . 12 Goodyear Tire. .. GaLP&R. ren Bakerie: Sto H H Heyy Int) Intl Match pfd. Kelvinator _Corp I Keyston Solether 7 Leh Power se 7 Leh Val Coal 19 Lib R Ch 1M s I DR LA E o 13 SRS s 13 MOUImIS oSN EIEET i) a2t roma3S300annan i 1 4 1 3 B 5 - ek S ¥ 1 s D DRI HIISDS 1 s s FER OFE R A e > mhheEh S0 ATk E R E R Tt =Pty e ettt P 3 Omnibus 3 ‘Omnibus Co” vic 1 Qppen & Collin 8 Paige Motor E‘,Pfi" Cor of N Y * 2 puanaus oxblecl oo ERbt AR rh ) Py ER N R AT PP 14 2 C & I new Southcast P & Lt Spear & Co pfd. . 2 Stand Pub 5 utz Motor DDi3 BBD D O T2t 38R b0 m 5 ram & SGRE e A ited Profit Sh il P&L Corp A Lt & Heat . = Ei 555 2cict Vestern Pow pfd h Rk M Sp nw ickw Sp St Co. KRRk i il new A pfd. 1 Cons Cop Miner 3 Cresson Gold . 3 50 Diamfid_Bl Butte .0 44 Eng G Min Lt In 110 Eureka_Croesus. . 50 Forty_Nine Mins 10 Gold State . . 30 Harmill Div .. 10 Hawth Mines Inc .19 1 Hollinger : 9 Hecla Mine 2 3 Howe Sd nw vie 15 Kay Copper Corp 20 National Tin . . 10 Jer Zinc DW 188 % EEPE N 20 08 608an Toy ...... 0% 10 Stand 8i1 " Lead. .1 7Teck Hughes. .. 2 Tintie Stand Min 2 Tonopah_Min . . 1 United East Min J United Verde Ext U'S Contl. ..... Ciah Apex .. enden Copper . West Utah ... White Caps GRAPEFRUIT WINS BUYERS H328 Bk = Borar i Sond s Borariduon, B American Product. There has been a remarkable growth this past Winter in the popularity of American grapefruit in England and Scotland, reports Edwin Smith, for- eign representative of the Department of Agriculture. Although London is the center of grapefruit distribution in Europe, direct shipments have bee;\ made also to Glasgow and Liver- pool. ‘Wholesalers in cities like Manches- ter and Birmingham have stated to Mr. Smith that three years ago only the fancy fruit dealers in the better shopping districts were customers for grapefruit. During the past Winter the small grocers have been putting in the fruit in response to demand from both city and suburban resi- dents. Some very fine fruit has been re- ceived from Florida, and there is con- siderable preference for this fruit as compared with that from South Africa. Grapefruit from Arizona is also well liked because it is seedless and sweet. sl PARIS MARKET FIRM. PARIS, April 20.—Prices were firm on the Bourse today. Three per cent rentes, 45 francs 20 centimes. Ex- change on London, 91 francs 55 cen- times. Five per cent loan, 56 francs 10 centimes. The dollar was quoted at 19 francs 12 centimes. —_— Your Banker Knows. When in doubt about a security consult your banker. It is equally as much his interest as yours to pro- tect your savings. You trust him ) with “your deposits—why not trust him with your investment problems? Bond Interest For Your Savings NY man or woman who can save $10, $20, $50 or more a month can become the owner of one or more of our strongly safeguarded First Mortgage Bonds paying 7%. The full rate of Bond Interest is allowed on every payment. 7% Ourfreebooklet, How to Build an Independent Income,” tells how you can build up a substantial competence by systematic saving in these safe 7% investments. Ask for our booklet tod: The F. H. Smith Co. Founded 1873 No Loss to Any Investor in 32 Yoers Smith Building, 815 Fifteenth St. THE F. H. SMITH COMPANY Smith Building, Washington, D. C. Please send me your free bool ¢ to Build an I e come. England and Scotland Taking to| STAR, EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. LESSONS IN FLUCTUATIONS. In view of the violent fluctuations in the stock market this year—fluc- tuations which have affected spec- ulative stocks most, but which have not spared investment issues—some re-examination of the points which should be considered in buying com- mon stocks may be helpful. This is all from the standpoint of the in- vestor; the rules to be followed are directly opposite to those which gov- ern successful speculation. It is assumed that there is a legit- imate time when a genuine investor may add to his holdings a certain pro- portion of stocks. The difficulty is to determine just when this time is at hand. Now, there are three tests to apply. The first is the price, the second is the return on the money in- vested and the third is the intrinsic value. Let yg take up the matter of price first. first thing we note is that prices for stocks even of investment rating vary over a wide range. Take United States Steel, for instance. In 1924 Steel common sold at a low of 94% in June and a high of 121 in De- cember. This year the high was 129% in January. Now, an investor wants two things, security of prin- cipal and adequate income on his money. In the case of a stock which has no maturity date, he can obtain return of his principal only by sell- ing his shares at the market price. If he has to sell in time of market depression, when the price is low, he will suffer a loss of principal, which is the thing he wants to avold. Some risk along this line cannot be avoided. It is one of the penalties of holding common stocks. It is plain, however, that the risk is greater when the stock is bought in times of speculative excitement, when prices are being bid up to ex- travagant levels, and that the risk is much less when a stock is bought in times of speculative pessimism, when prices are being depressed to unjustified extents. Observe that there is no way of determining when a stock is at the low or when it is at the high. These terms are only relative, anyway. The point is that the shrewd investor will buy stocks tor permanent holdings only when other people are selling. One other warning: There is great- er danger of not waliting long enough than of waliting too long. (Copyright, 1925.) IOWA PRODUCTS GAIN. The value of products of manufac- turing establishments in the State of Towa, at factory prices, in 1923 was shown in biennial census figures of the Department of Commerce to have reached $690,043,000, an increase of 32.3 per cent over the 1921 value of $521,446,000. The figures, announced today, covered all establisHments with an output in excess of $5,000. FOR INVESTORS MORTGAGE NOTES IN CONVENIENT DENOMINATIONS ON IMEROVED PROPERTY in DISTRICT v COLUMBIA H. L. RUST 912 15th Street WASHINGTON, @ Estb. 1910 D. €., MONDAY, FEDERAL - AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President ‘We Solicit Applications for First Trust Loans Current Interest Rates I 2405-7Eye StN.W, M 9670 | We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street BE Unqalied Guaran Maryland 1st Mortgages We offer FIRST MORTGAGES to yield 6% uet, in denominations of $500 to $10.000 on Montgomery and Prince APPRAISE- ation’ Committee of UILDING ~ASSO- ord of 40 years d pearly three millions yland mortgages NK' 4 PER CEN CERTIFICAT, J3ur, recelpt, peading d 0 FIRST MORT . Not a participat- Georges County re MENTS by the V: the HYATTSVILLE CIATION, without a los 3] Invested i livery of AP GAGE INVESTM ing ‘trust certificate. Mortgage Direct to Investor MARYLAND REAL : ESTATE TITLE CO. C. A. M. WELLS, President 1301 H'Street N.W.. Washington, D. C. 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