Evening Star Newspaper, May 1, 1925, Page 31

FINANCIAL. . STRAWBERRIES ARE REDUCED IN PRICE «New Potatoes, Rhubarb and Tomatoes in Good De- mand Here. it Liheral supplies of strawberries from North Carolina ave in limited demand making the market weaker and low ering prices. They have become so plentiful that street hucksters are of fering them from house to house al greatiy duced prices. Rerries were quoted at %6 a crate. 1t bave become so cheap here during re cent vears that certain shippers from $4 to dumped their cargoes before reaching | rather than bring them here his city out of snd knock the bottom entirely the market Rhubarb, in great demand at this season, is reported fairly plentiful and reasonable. Only moderate demands are reported for most of the early vegetables. Supplies of asparagus are sradually getting lighter, but the mod crate demand keeps price down. Increased supplies of new potatoes sm Florida are belng received, and a“liberal supply of tomatoes s in the rices of the latter vegetable materially decreased. Fancy, tub, 52a54; store packed, 20a23. Fancy, selected, candled Roosters, *%: vouns 35a38; fo&ls. 28 5 Dressed— Fresh killed hickens, 35a38; roosters, 19a turkevs, 35a40; ducks, 0n25; capons, 40a45 choice, 2 ;5393 13; live hogs, 13a13% Beef, 17a18: veal, 18; Spring lambs: hogs, 2015a21; loins, 31a32 hams, 26a28; shoulders, 18a18 ¥ruit and Vegetable Review. Today's market report of fruits and (compiled by the Bureau| ural Economics), says. Asparagus—sSupplies light: demand market dull; South Carolina. *h crates, very large size, | medium to large size, 2.00a ze. 1.50a2.00; East Shore 2.dozen-bunch crate 4.50a5.00; small size, 1 Winter 0. fowls 5a28: geese. Live medium, |pring Meats 1115; lambs | | 1zen-b 3.50a4.00 3.00 na Maryland, rge size, Cabbage. mand limited Supplies moderate; market fairly steady: South barrel crates, pointed wepe. 1.5 mostly few high as 2.00; Virginia, Norfolk section, bar- rel crates, pointed type, good quality, 1.60a1.75 tuce—Supplies moderate: demand | market steady for good | crates, Iceberg tvpe, California, | District and Arizona, 4-5 doz- en 5a4.50; few 4.75; South Caro- Mna, considerable poor condition, wide range in prices, 1.00a3.00; North Caro- 5-peck hampers, Big Boston type, | mostly around 1.00. ew stock, suppl moderate, market steady standard vellow Ber commercial pack, mixed Nos. mostly 2.50. I stoc light, market JYork, 150-pound sacks round whites, T'nited States No. 1, 1.75a1.90: new | »ck, supplies moderate; demand moderate, market about steady; Flor- | a. double-head barrels Spaulding | »<e, United States No. I, 5.50a5.75 small and Tina 50al Onions— demand Texas mudas, 1and 2 demand light supplies limited: | steady: New R Strawberry Prices Today. Str rries—Suppli mand mederate, mark: Carolina, 32-quart crates various va- Heties, generally good quality and candition, 4.00a5.00; ordinary to fair quality and condition, 2.50a24.00. omatoes—Supplies liberal; demand zo0d for good stock, slow for poor stock, market steady: Florida, fs ripes and turning, wrapped originals, best fancy count, 4.00a5.00, mostly 4.00a 430; choice count, 3.0024.00; conalder- Ahle’ ore quality and’ condition f and choice count, 2.00a4.00, beans—Supplies moderate; | good and market firm for| stock; Florida, 7s-bu. hampers, 2.0023.00; Georgim, 7s-bu. ham green, mostly 3.00; South Caro- ina, bu. hampers, green, 3.50. Cucumbers—Supplies liberal; d mand moderate, market fairly steady; Florida, 7-bu. hampers and sq. bu. crates 1, best 4.00a4.. fair < liberal: de-| t weaker: North | ne: | demand good green ers No ality, 3.50. Peppers—supplies moderate: _de- mand moderate, market steady: Flor- ida No.'1, 4.5025.50; few best 2 50a4.00. int—Supplies moderate; de- ed, market steady; Florida, per crates, 3.50a4.00. Squash upplies light lizht, market steady: Klor ates hite. best, 2.50 I'eas —Supplies moderat demand | moderate, market steady: North Care. hampers, large-pod va- Mississippl. 7s-bu. elephones, 2.00a2 crates, No. v m pand li n demand | pepper | 00. hampers B, & 0. TRAFFIC INCR="S Xorill Reports Alieatl (of Period Last Year. S h to The Star ORE, May 1 Freight on the Baltimore and Ohio Railroad during April ran well ahead of the ponding period last year. Figures for the week ended April 11 w an increase of 1,332 in revenue cars loaded and received from connec- Total loadings for that period 60,178 cars, against 58,546 for ' Despite the depression in ®0al Industry, loadings of rreased 293 cars over the fir n April last vear, totaling 8, pared with .306. the soft coal in L week 599, com. SHIPS BEGIN SERVICE. TLADELPHIA, May 1 (Special). - intercoastal vessels of the Dol- lar line have been placed on a direct sailing basis from Philadelphia. The first ship leaving on the new ar- rangement will be the Grace Dollar, sailing early in May. PARIS MARKET STEADY. TARI the B T T May 1.—Prices were firm on irse today. Three per cent 45 francs. Exchange on Lon- 52 francs 38 centimes. Five per loan, 54 francs 85 centimes. The was quoted at 19 francs 5 cen- is recalled that berries | prints.| | Nationat BY WILLIAM F. HE NEW YORK, v 1—National Power and Light was persistently bought In the curb market again today in anticipation of an early capi- tal split-up, and at one time advanced 10 points above the Thursday final. But realizing in the late afternoon offset a good part of the advance. | Southeastern Power was another pub. lic utility that responded to excellent earnings. | “The heavy turnover in Kay Copper followed announcement by President Godfrev ‘that prominent bankers had acquired a large block of the stock. | Hollinger Gold, selling ex the 1 per |cent dividend. gained almost a point. Reports: of tire price advance con- NEW YORK, May 1.—Following is an official Hst of bonds and stocks traded in on the New York Curb FI:ERNAN. High. 80 Low 80 8113 a8 96 Close. 50 21% a8 a8t 1Allied Pick 6« FAlled Pack xu Palés Sum Tob' 7 RollMilla 0 Andean Nat Os 0 Am Thread Co s 103 0 Bell Tel Can br 4 2 Roston & Me 8 4 Can Nat Ry 7 t'Serv 75 C . t Serv 7a D [ Cit Serv P & T 6s 1Cona G Bal 6w A - 107 % 1 Con G Bal A%s D100 1 Cons Tex Ss A6 5 Cuba Co NJ 6s. . 2 Cudany 5333 22 Deere & Co'7 1047 Detroit City' G 88106 Dunlop T & R 7s 102 ed Sugar 6s '33 915 3 Gair. Robt, 7e_ .. 100 Galena Sig Oil 7s.. Gulf Ofl Corp 5s Gulf Mo & N 5133 Hood Rubber 7& Int Pap C 6e A wi Lehigh Power 6z 2 Libby McN & L7 1028 3 7 Mo Pa Ry 6a E wi 1005 at Detl Pro 7s.. 101 Nat Leather 8s. . 101 w Or Pub S 58 90 Nor SP M f13s € 10615 Pa L&P 5sD b3 061 : i1 "Co_ 638 100 Shawsheen 7. 1011 3 Sou Cal Eq.5e 0 ap 164 Stand G & E sl 1 Stand M Cor 5138 0 Sun Ol 5las. ... . Swift & Co 5a Thys I°& St1. 7% Un_Oil Prod Se Rub - Rub Bub Rub Rub S Rub. Rub Rub 6 Rub 6 Rub Rub Rub Rub Rub Rub | | 1 105 59 9974 103 08 101 % 1031 L & S 1062 FOREIGN BONDS 0 Siemene-Hal 2 Solvay (o 6s 4 Swiss Goet 1 1 Sales i 00-Anglo Am 01l 00 Atl' Lobos 100 Atl Lobos pid 120 Buckeve P 1. 1200 Chesebroush’ Mis 8000 Humble Ol & R 1010 P L. 400 Fmp 0 of ‘Can ' 260Ind P L..... . 7500 Inter Pet ¢ Lid. 170 Magnolia Pet”. 1 66 1 at_Transit 180 N ¥ Transit 400 Ohio Oil 00 Penn Mex Fuel 00 Prairie O & G 1 ) 340 Prairie P L. .. 119 190 South Penn Oil. 169 6600 S O Ind 6314 3005 0 Kansas 1002 8 &% 300 Vacuum 64 3414 8533 T OIL STOC Oil.. . hundreds. 1 Alien_0il Am Maracaibo. k N, . Nat rib Ssnd. I Cities Servieel' " 1 Cities Sr new wi 72 Colombian Svnd. 115 Contl 01l 21 Creole Send ... 3 Gibson_Oil Corp 6 Lazo Pes - 0 Latin_ Amer Oil. Washington Stock Exchange SALES. 3—$1.000 at 103%. 500 at 1034 Elec. Washington G $2,000 at 1033, ¥ vashington “Rw 828 10 at 83 2 Riges National Bank—10 at 340 340 at 10 AFTER CALL Washington Rwy. & Elec 8334 Washington Gas 5e— Washinzton Rws 83%. 3 at 83%. 10 Mones—Call loans & and & per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY B, prd.—10 Asked za. 45 3 ABA Amer. Tel. & Amer. Tel. & Telra, 4338 Am. Tel. & Tel. ctl tr. 5a Am. Tel. & Tel. conv. 6e.. Anacostia & Potomac & A F Paraman mar a4 101 128 a0 a0 artion B Georgeto s 3 Potomac Elec. lst bs . cons. 31 E. Pow. £. L Alex. & MY Wash.. Alex. & Mt. V. Washington Gas ba.... Wasbington Gas 6r... Rwy. & Elec. 45 Wash. Rwy. & Elec. gen. 6¢ . MISCELLANEOUS D. C. Paper 6s Pot_ Joint Stk Riggs Realty bs (long). Rigzs Realty 58 (short). Southern Bldg. 6%38.... . Wash. Mkt Coid S{orage 5s Wardman Park Hotel 6s. STOCKS. PUBLIC UTILITY. Amer. Tel & Telga.. Capital Traction Washington_Gas Norfolk & Wash Steamboat Wash. Rwy. & Elec. Wash. Rwy. & Elec. pfd Terminal Taxi com. .. NATIONAL BANK. Capital . 200 2 Oine Bk, br... 101 IlTeR a8 101 23 101 Columbia Commercial District . £ Farmers & Mechanice Federal-American Liberty ... ... TLincoln 3 e National Metropolitan.. Riegs e Secan: National Baok, of Wash.. TRUST COMPANY. American Security & Trust Continental 3 Merchants Bank . National Savings & Trust zinning tomorrow the Bonrse will | be closed Saturdavs until the end of | DIVIDENDS. Pe. riod Pa. Rate. able e dune 1 ', o June 1 June 15 May July 15 July 7 July 15 July 11 . May 18 June June June June June June 5 June -DIVIDEND. Per share $1.50 178 1zs) Stock ot i Uity 2200% 23333 { Do, 6% pf mi Lim Loc Wks Mar Parry Cp. M Sguth P Line ReT May 15 M ¥ May 275 £OEOECO0RCCE . Aopanan STOCKS EX Date. Corporation N2% 72— Ange B Gonas carn 1t pf TUnion HE 3 inglon Loan & Trust SAVINGS BANK Commerce & Savinge Fast Waghington inga & Com. United Statex - Washington Mechanics FIRE INSURANCE, American Corcoran Firemen's .. Natlonal Uniop:. TITLE INSURANCE. Columbia-.. . Real ‘Estate - . MISCELLANEOUS. D. €. Paper pfd.. Merchants' Trans. & Stor Mergentbaler Linotvpe . National Mtz. & Invest. D Ol Dutch Market com Old Dutch Market pfd Lanston’ Monotype Security Storage Washinzton Market Tellow Cab eseoswensenees 1 TTHE EVEN NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office tinue to have thelr effect upon Good- year common, which carrled it o the highest for the movement, above 32. Automobile shares under iead of the Cleveland _issues, were discounting the favorable outlook for the coming months. Cleveland common sold at a new high price for the year, while the preferred advanced from 96 to 98 between sales. Further reaction | occurred in Dodge Bros. class A. | It wag not untll midafternoon that | the olls' joined in the improvement, then, under lead of Humble Ol Standard of Indiana, Indiana Pipe Line and Standard of Kansas, the advance extended from fractions to more than a point throughout the list 10kla Nat_Gas 12 Peer Oil Cor 3 Red Bank O1l 28 Roval Can 0 & R 1 Rvan Con 2 Salt Ck Con R Salt Ck Prod 12 Uni Central Oil 20 Venezuelan Pet. 36 Wilcox OI & G INDUSTRIALS. 9 Adirondack Pow. 58 3 Allied Pack new & 2 Allied Pk pr pid 53% 33 Am Gas & FElec.. 331 2 Am Gas & El ptd 87 A1 Am L & Trac... 1561 557 Am La Tr war.. 23 84 Am P & Lt new. 1Am P & Lt pf. 1 Am Superpow A. 15 Am Superpow B. 2 Apeo Mig Co A 10 ATm Co B vic'. 1 Armour Co ‘prd.* 1 Asso Gas & Elec 2 Assd Drg new wi 1 Borden Co 3 Botany Cons M 11 Bridgeport Mach 1 Brit-Am Tob Cou 1 Blicyrus Co 2Buff G EI C n wi 18 Car Light 1 Can Dry 1 Carolina P 13 Centrif Pipe 8 Chapin Sacks 5 Chatterton & T Chrsaier wi' . 9 Cleveland Auto’ | 3 Cleve Anto Dfd 1 Com Edison. 5 Com Power Cor) 1 Cor Pow Cor p 50 Com Pow C wis. 28 Cons Gas Balt n 7 Cont Baking A.. 1 32 Cont Baking B 7 Cont Baking pfd 1 Cont Tob Tne?.. & Clban’ Toby " vi 2 Curties Aero Mot T Clurtis ‘Aaro ot 1 De Forest Ra vtc &0 Dodgn A wi 2 Doehter D C Ca.. 5 Dunilier € & R 12 Durant Motor. &Duz. Co A.ei 2FI Bd & Sh ptd 1 23F] B &S nw cor 70 El Invest Inc 1Fl R Secure Co S3Fed L & Trn wi 6 Pad Metals T.... 3% 1 Ford Mot Co Can 480 3Frank HH Mf C 18% 1Frank HH MC pf 83 2 Freed Fisem R'C 7 3 Freshman Chas 26 Gabriel - Snub Garod Corp G Outd Adv t cfe AGillette SR 2 Glen Alden Coal 69 Goodyear oo SBY 4 Grennan Bak. & Happns C St A & Hazeltine_Corn. perial Tob Can 31 Int] Contl Rub 21l Match pd 7Inter 101 A 17 Inter Tl B 3 Jones Radio R Kelvinator C.. Kraft Cheese 5Land Hold € A Lehien Pow Tehigh Val Coal Leh Val € N C Lib Ra Ch Stra. Mengel Box . . Masabi Tron Mid West Util Mid WU pr lien 1 5 Mid W U Tte wi Motion_Pic Cp G 3 Music Master C. at Pw & Lt Y Tel Co ptd. ier A wio.. Nor Ohin Pow C. Nor St PC war.. Omni € v e Oupenheim & Coi Pathe Ex Inc_A. Pow Corp N Y Portland El Pow 45 Proct & Gamble. 270 Prophylac Brush 38'¢ Purity Bak A... 42 Reo Mou.. ... 1 Serv EI Corp A’ S0 C & I new. Southeast P & L Sou Cal Ed 6s nf 92% Soutns Bell pid 110 Stand Pub Co A 2 St Ragis_Paper St Rer P Ris wi Swift & Co. ... Thermnid Rad C Tob Prod Export Tinion Carbide 3N G & E pew Un Lt & Pow A Uil P &1°C A 1 Vic Talk Mach. 1 Ware Radio = 5 ¥ WSRO g SERERRIREELY oy (3@ i3 D190 wam RS E PP AR E b e 1 ZiS A ARIRSRE S Rt ret an 19832 st A4 % 190 o e - i & 95 Br 5-32:503075 3~ 584 ¥ 3» w 19 B 5 D PNt 13 s 1 Saba; 9 40 Ariz Globe Cop 10 Big Jim Cons 13 Canario_Copper’ 26 Chino Ext_Mins 2 Cons Cop Mine 10 Cons Nev Utsh 1 Cresson Gold 30 Diamfid Black B 10 Dolores Eapar (30 Eng Gld M Lid T 130 Forty Nine Mina A0 Gold Zone.. 30 Hawth M T 11 Hollinger o d i Hecla Mine. 1 Howe Sd new vic 10 Tron Blossom. ... . 3 Jerome Verd Dev 257 Kay Copper Cor. 2 New Cornelia i New Jersey Zinc 183 27 Nipissing 5 7 Ohio Copner " . 11 Premier Gold M 20 Roch Silver 130 Spearhead Gold z 1 Teck Hughes 4 Tono Extens 11 Tono g 200 'S Contl Utah Apex 21 Wenden Cop 5 k) VACUUM CLEANER PROFITS. NEW_YORK, May 1.—Net profits| of the Eureka Vacuum Cleaner Co.| |for the first quarter increased about $50,000 over the same quarter of last year, the total of $371.173 comparing with $321,918. Net sales were $2,-| 337,237, against $2,065,560 a year ago.| REPLOGLE STOPS DEFICIT. NEW YORK, May 1.—Replogle Steel reports net profits of $18,224 for the first quarter, equal to 3 cents a share on the capital stock, in contrast to net loss of $183,049 in the firsy quarter of 1924. ORANGE CROP SOLD. SAN FRANCISCO, May 1 (Special). —Citrus fruits are holding firm, with lemons up to $5.25 to $5.75 a case and | choice naval oranges at $5.50 to $5.75 The navel crop will be about cleaned up in two weeks. NEW PROFITS HOLD UP. NEW YORK, May |.—The National | Fuel Gas Co. earned $13.81 a share on the capital stock in 1921, with net profits of $5108,502. com- {pared with $13.98 a share in 1923 on net profits of $5.174.981. Gross income increased to $15.725.438 from $15,110,. | 752 the year before. IN. Y. Clearing House Figures Beat All Records By the Associated Press. NEW YORK, May 1.—Clearings through the New York clearing house today totaled $1.687.000,000, a record high for all time. The previous record of $1,665.000.000 was established on January 2- la= {phia and St G STAR, MEN CUT BUYING OF SHOES IN HALF Slump in Exports, However, Proves Hardest Blow to Industry. BY J. C. ROYLE. Special Dispateh tn The Star BOSTON. May 1.—The men of America are not wearing longer shoes, but they are wearing shoes longer. To that fact is attributed a good por- tion of the dificulties which are af fecting certain phases of the shoe manufacturing business in New -Eng. land. The industry is not particularly active and this is not a condition Deculiar to New England alone. Makers here declare that the export sijuation and the more economical use of shoe leather by men are mainly responsible. Women Double Buying. One large distributor sald today that men now were buying only half as many shoes as in former vears. Many women, however, are buying twice as many as in former years and this is serving to balance demand and output. This statement was con- firmed by sevéral large manufacturers here. The theory is advanced that the use of the automobile is lessening the amount of walking men do. Formerly it was customary for men to wear low shoes in Summer and high shoes in Fall and -Winter. Now the custom has become almost universal to vary the weight of the stocking rather than change the type of shoe. Presumabl: the .use of patent soles or rubber composition soles has tended to lengthen the life of a palr of men's shoes. At any rate, shoes are wearing longer. Declines in Output. In 1914 the production of men's shoes in this country totaled 98,031,000 pairs. In 1924 output feil off to 84, 662,857 pail Considering that the population of the country has ex- panded from approximately 90,009,000 to 114.000,000 in the same period. the contention that men are wearing their shoes longer is amply sustained. The output of women's shoes in 1914 totaled £0916.000 paire. Last vear it reached 104,135,000 pairs, and even this represented a drop of 5.500.- 000 pairs from 1923. Styles have plaved an important part in wom- en’s shoe production. Fashions have changed rapidly, and. in general, the kind of shoe most desired has been of a fragile type, not ndapted to long wear. More Bargain Sales. One shoe authority points out that while the trend of styles has resulted in a larger turnover, it has also re- { sulted in more bargain basement sales | by retallers. The retail stores have been loath to stock heavily on fancy shoes, the life of the demand for which they could not gauge. Nevertheless, women. as this au- thority puts it, have developed a high | | degree of “shoe consciousness. * They are acutely desirous of putting their best foot forward and the custom of having a pair of shoes to match or accompany each separate costume of thelr wardrobes has grown steadily. Men's “‘shoe consciousness” has fallen off. The wearing of sport clothes and the plaving of golf are alleged to have something to do with this. Drop in Export Business. Export business in shoes also has dropped. Before the war. this coun try was sending abroad 842,000 pairs of shoes a month. During the war. this trade increased until it reached 1,780,000 pairs a month in 1919. Then came the slump and in the last year the average has been 526,000 pairs a month. In Brockton, the center of the New England shoe industry, in Philadel- Louis, most manufac- turers are making money. Labor troubles have been more severe in the shoe towns north of Boston, but everything now points toward a sta- bilization of conditions there Cheap Goods Popular. A rate of production about equal to that of last vear is in prospect at the factories for the next few months. Advances in prices for the finished product are not anticipated and buy. ing promises to be steady with whole- sale orders small and frequent The larger seller for men still i= in a grade priced under $5 a pair at retail SEABOARD AIR LINE TRAFFIC IS BEST EVER April Sees 19 Per Cent Gain in| Freight Revenue Over Same Time Year Ago. Special Dispatch 1o The Star. BALTIMORE, May 1.—The Sea board Air Line Railway handled in the first 22 days of April 19 per cent more cars loaded with revenue freight than it did for the correspond- ing period in 1924, indicating that net income for the month will show a gain of more than $164,000, compared with the same month a vear ago. The road is now handling the largest vol- ume of traffic in its history. MARYLAND CORPORATION SUED FOR $1,100,000 Special Dispatch to The Star. BALTIMORE, May 1.—Two suits, aggregating $1,100,000, were filed in Superior Court yesterday against the Tidewater Portiand Cement Co., a Maryland corporation. Wilson A. Shaw, Pittsburgh, Pa., and 0. E. Foster, Buffalo, N. Y.. are the plaintiffs. Foster asked $600.000 of the cement company and Shaw asked $500,000. Both claim they loaned large sums to the company on notes, and declare only part of each note has been re-. paid. All of the notes are now long overdue, they said. FUEL OIL REDUCED. NEW YORK, May 1.—The Standard Ofl Co. of New Jersey has reduced bunker fuel oll 5 cents a barrel to $1.55 at local refineries. The cut was met by other leading refiners. BOSTON STOCK MARKET. BOSTON, May 1.—Following is a list of today's highest, lowest and closing prices for the most active stocks dealt in here: Am Tel & Tel... 138 Amoskeag Bingham . ... Boston & Maine. . Calu & Hecla Copper Range . Eastern S S.. Edison Elec' . Hardy Coal .. Island Creek Isle Royale . Mass Gas pid 2 3 = P F SRIZEERES 01 193 S Al 223,820 " 9 e B Soemmi! = SISt e = FE o : EIEE New England T & T Pacific Quiney Swift & Switt T L. United Shoe Mach. ... United Shoe Mach pf.d Beacon Falls Rub Sh nt Thomas Plant Co pfd et it R Zuaog SEE3REBAN A WASHINGTON, Low. Close. | D. C 0L BASS DI LAVDED BY OOVER Greater Stability Sure to Aid‘ Trade All Over World, | Secretary Predicts. } i Retween 80 and 90 per ceni of the entire international trade . of the | world will be calculated in terms of | gold with the return of the English | pound to & gold basis. Secretary FHoover said today. A general con dition of stability as to prices .will be brought about, he predicted, that should redound to the benefit of com merée and industry throughout the world. “German mark prices will now be absolutely on a gold base,” Mr. Hoover said, “the Dawes vreparations plan having linked up the German coinage 0 a degree with sterling. The most certain effect of the English move will be to reduce the volume of spec- ulative hazard in international trade, | because of the elimination of risks |that must be taken with currency of fluctuating value. “There probably will be = small swing of prices in Great Lritain as the adjustment is made. But that is likely to be of small consequence, and the gain in stability will br:ng bene- fits that ‘are likely to outweigh the! losses.” FRANCE MAY ALSO CHANGE. Action Far From Impossible, Bankers Here Assert. By the Assoclated Pry NEW YORK. May 1.—Reports that France was contemplating an early return to a gold basis, although re- ceived with some incredulity in Wall street, in view of the government's unsettied financial affairs, are not considered impossible of achievement by American bankers. Finance Min- {1ster Caillaux, it is pointed out. is| inoted for his financial daring and| courage and might easily be oved | to emulate Great Britain's bold policy umption chief obstacle in the way of| rance’'s return to a gold standard,{ |bankers hold, would be the probalie | JH‘V'PNFN\' devaluing the franes!| sdmewhere around present quotations. | WOULD REDUCE PRICE OF MARYLAND COAL ? = | €pecial Dispatch to The Star. | "BALTIMORE, May 1—Attempts| to work out a plan which will enable | Western Maryland miners to supply | coal as cheaply as those of Pennsyl-| vania and West Virginia, and thus| |compete for contracts to supply about | |25.000 tons of soft coal annually for use in State Institutions, are being {made by Walter N. Kirkman, purchasing agent i Mr. Kirkman and John T. Rutledze, | {chief mine engineer will visit the mine owners in the western part of | the State next week fo discuss the ! problem. The employment of non-| union labor In Pennsvivanfa enables | operators there to offer better prices, Mr. Kirkman said LOCOMOTIVE ORDERS REPORTED VERY POOR By the Aseociated Press NEW YORK, May 1.—The locomo- tive manufacturing industry experi- enced one of its dullest periods in the ! firsf quarter this year, purchases of engines having totaled only 207 in contrast to 503 in the same period of 1924 and 1,399 in the first quarter of 1923. Orders in April amounted to |about 85 engines. The ability of the | railroads to handie a record-breaking volume of traflic with thelr present equipment was advanced as one of | the reasons for the dearth of orders. | BAY STATE PRODUCTS GAIN FAST IN VALUE Products of manufacturing indus. | tries in Massachusetts in 1923, at fac. tory prices, were valued at $3.553,205.. | 000, an increase of 25.8 per cent over | the figure for 1921, the previous cen- ! 1 | bublic today. showed the cotton goods | | industry led all others in the State in {both number of wage earners and | | value of products. | | | State | | | | | | 1 The census bureau’s figures, made EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. ‘Typical Rallroad Stock. As American Telephone and Teie. | graph is the leader among the utility |shares so Atchison probably ranks first among railway stocks from an investment standpoint. It lacks the stabllity in market price which char- acterizes the utility stock, but part of the.fluctuations within the past year have been due to the change in | the dividend rate, which was raised from 6 per cent to 7 per cent in January last. The range this year to date has been over 10 points as against 6 for the telephone stock. There s also more speculation in Atchison than in American Telephone and Telegraph, a fact which may tend to make the investor morg cautious. Talk of some additional Benefit to accrue to stockholders possibly in the way of a stock dividend from time to time encourages speculative bidding up of the stock with the reactions which inevitably accompany all such move. ments. It is important. therefore, that the right time be selacted for an investment commitment in Atchison stock. Next consider the return on the money. Paying 7 per cent and selling at 120, the vield is 5.8 per cent, and at 125, 5.6 per cent. To vield 6 per cent the price would have to be 116. Now many high grade preferred stockg are obtainable to give almost as much as Atchison comnmon at current levels. The exvlanation of the market price, howe or, is to be found in the consi<' it record of| earnings and the ide margin of safety as well as in the intrinsic value back of the stock. For the last 10 vears earnings vailable for dividends on the common have averaged about 13% per ceni. while from 1910 until 1925 6 per cent was paid regularly and this year, as has been stated, 7 per cent is being disbursed. Judging by the past and with no unfavorable development in sight. the Atchison ‘ought to have no difficulty in maintaining its present rate, or even increasing if the directors should see fit. Finally the book value of the stock s over $200 a share. It ix earnings and intrinsic value rather than current return on the investment which give Atchison common its de- servedly high reputation among rail- | way common stocks. (Copyright, 1925.) s i 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 investmspt Problemat ., FRIDAY, MAY 1 | and financiaf , 1925, TRACTOR SALES ARE MAKING NEW RECORD, Most Epochal Move Noted Since Boom in Reapers After Civil War. Special Dispatch to The Si CHICAGO, May 1.-—"“The American farmer has gone back to farming again and ix using both his head and his hands." That Is the message to the business world that the farm im. plement industry has to broadeast at the end of the first quarter of this vear, according to the National Asso- ciation of Farm Equipment Manufac: Lurers. “The tractor leads in the return toward prosperity of the farm equip- ment business.” says the report. With one or orders, with the floors of their dealers clean of tractors. the movement is the most epochal since the swift intro- duction of the reaper following the Civil War." | REAL ESTATE LOANS | 5 o ANY AMOUNT | RESIDENCE LOANS . 5 FRED T. NESBIT S AT LOW RATES | INVESTMENT BLDG. Main 9392 | First Trust Notes $3.500.00, Three interest: six rooms in central location $3.350.00. Three (3) Years, 8% % : eight rooms and bat near 5th and New York Av: rihwest. JOHN H. WRIGHT 1116 Vermont Avenue N.W. Main 9407 (3) Years, 635 % and buth: brick: Northe: FIRST MORTGAGES FOR SALE Denominations of $250, $500, $75), $1,000 and upwards 6Y2% All Loams Made on FProperty Located in tise District of mita JAMES F. SHEA 643 Louisiana Ave. NNW. We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of interest. Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Thirty-Five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. “PLEASE STAND B )/,‘9 ’ Has become phrase 2 household wherever RADIO holds sway. We would like to apply this to the vesting public as well Don’t act in- hastily and SIGN OFF” (UP) with the smooth-tongued pro- moter of worthless stocks, but “STAND BY" the fundamentals of a safe in- vestment program by pur- chasing FIRST MORT GAGE NOTES on im- proved real estate in this city. We have them in denomi nations to suit everv pock- etbook and the .interest vield is liberal. Our Mortgage Investment Department will cheerfully send literature and supply details. SHANNON & LUCHS 713 and 715 14th St. N.W. Main 2345 How $20 a month invested for 10 years produces an income of $20 a month INVEST $20 2 month in Smith Bonds paying 7%. Reinvest yourinterestat the samerate. In 10 years you will have $3,462,84. This sum, invested at 7%, will pay you an income of more than $20 a month. A larger monthly investment will produce proportionately greater results. Youreceive the full rate of bond interest on every payment. Ask for our booklet today The F. H. Smith Co. Founded 1873 No Lots to Any Investor in 32 Years Smith Building, 815 Fifteenth St. THE F. H. SMITH COMPANY Smith Building, Washingten, D. C. Please send me & copy of your new booklet ““Howto Build an Independent. Income. two factories running | night and dav and several behind on | | A i T TS S BB AR l——g o] Washington Investment National Mortgage & Investment Corporatio FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street AOHN POOLE, President —0 WANTED Second Trust Notes This companv has funds available for the purchase of all kinds of second trust notes, secured on real estate in close to b.c. | Seeured by first desd of trust on real sstats Prevailing interest and commission WE FINANCE —ll classes of income-producing property Large Loans a Specialty Current int. rate and commission Higbie & Richardson, Inc. 816 15tk St N.W. We offer vield 6 net 3 siuation Commitice of the HYATTSVILLE RUILDING AESO. CIATION, with a record of vears acd nearly three millions o and mortzages iuvested NATIONAL INTERERT-PAY are isued as your receipt pending de livery of APPROVED FIRST GE INVESTMENT. Not a pa ing trust certificate. Mortgage Direct to Investor MARYLAND REAL ESTATE TITLE CO. Prompt Service FAEARARRAARRERRERE and Transactions Co. Ine. 713-15 14th St. N'W. Main 3662 QI RIREG A. M. WELLS, President 301 H Strest N.W.. Washington, D. C. Phone Main 6645 Estb. 1910 Main 6645 RRERARRRIC SAFETY | | R SERVICE and 811 Vermont Avenue N.W. Deals in the Best Real Estate Securities First and Second Trust Notes and Ware- house Receipts are purchased at fair rates Its 7% First-Mortgage Notes, SECURED by Improved District of Columbia Real Estate, Are a GOOD INVESTMENT. Offered in denominations from $250.00 UP. Equitable Co-operative Building Ass'n JOHN JOY EDSON, President Organized 1879 $4.912,132.68 FRANK P. REESIDE, Secy. 45th YEAR COMPLETED Assets Surplus . ... $1317,011.41 | Subscriptions for the 88th Issue of Stock Being Received A Little Each Pay Day— ART a subscription here—make small deposits regularly, and watch how quickly your money accu- mulates. U S Our systematic saving plan is best way to save. 915 F Street N.W. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adiacent Subwrbe in Montgomery County, Md, 5: % INTEREST .-'fi' poly re H. L. RUST COMPANY LOAN CORRESPONDENT ®he PRUDENTIAL INSURANCE COMPANY of AMERICA 912 15th Street N.W. Main 68383 YOUR MAY FUNDS will be profitably employved you invest them in our Over a FIRST MORTGAGES Quarter of a Sy Amounts to fit every purse— and 6% % semi-annually, W sthout interest, pavable a Loss SAUL CO. 925 15th St. N.W B b Main 2100