Evening Star Newspaper, May 20, 1925, Page 29

LIBERAL RECEIPTS OF STRAWBERRIES Nearby Crop Extra Good. New Cherries Arrive—Beef .. Prices Unchanged. Home-gréwn strawberries 1ing more plentiful as the s Vances. Tt was feared the la and continued cool weather would lexs ®n the supply, but growers think there will be a normal crop Berries offered in the local market today were reporfed as being of ex ceptionally good quality. They brought prices in advance of prices asked for berries from Norfolk and other dis tant points. Pineapples also are getting more plentiful _and cheaper. Dealers say the season for canning and presery ing both strawberries and pineapples is close at hand, the glut of the ber ries being expected during the next two weeks. Cherries also are in market. Thev are from points far distant from this section, however, and high prices pre Yail. Tt is expected cherries from Maryland and Virginia will appear in the next few days. Blackberries from a distance are also in the local market. Today's Wholesale Prices Butter—Fancy, tub, 5 B5a57; store packed, 22. Eggs—Fancy, selected, average receipts, 30a301% Poultry — Allve, broilers, : white Leghorns, 35a38; heavy fowls | 28a29; medium fowls, 26a27: keats, 40a 75; geese. 15a18; ducks, turkeys, Dressed fowls turkeys, ducks, 20a: Live stock—Calves, dium. 10a11; lean. 8a9. 16a18. Live hogs, 13a Meats—Beef, 1 lamb, 30; hogs, hams, 27a30; shoulders Fruit and Vegetable Review. Today’'s market report on fruits and vegetables (compiled by the Market News Service, Bureau of Agricultural Economics) said: Cabbage—Supplies mand moderate, market stead: zinia, Norfolk section. pointed type. Narrel crates, 2.50a2.65; mostly 2.50; Vomn small size, 2.00a2 S-peck ampers, 1.40. Lettuce—Supplies moderate; demand moderate, for good stock; market | steady; California, central district, | crates, Tceberg type, 4-5 dozen, mostly | §.50; Virginia, Norfolk section. crates. eberg type, 4-5 dozen 0; Big Bos. { ®on type, homegrowns, practically sup. the market. Onions Are Lower. Onions—Supplies limited; demand et prints, candled, 32 40a 11; me Spring. choice Lambs S: veal. 18: Spring loins, 32 192 | | | THE EVENING NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. NEW YORK, May 20.—Sentiment among Curb traders was favorably im- pressed toduy by reports from tr: centers. Humble Oil was bid up to 64 because of the highly favorable earn- ings which the company is experienc- ing. South Penn:ylvania Ol was an- other favorite, rising 7 points when it sold at 175. American Maracaibo changed hands around its recent top figure for the year, but improvement clsewhere was ractional. Sales in thousands. 3 Allied Pack 6x. .. 1 Allied Pack Ke. . 1 Alum_ 7w ‘25 1 Alun 75 new 12 Am Gas & Fl 6s. . 20 Am Ten Tu.. . i1 Am 26 Am P& T 5 Am Sumal T 7148 ¢ T Am Roll M 63 103 1 Andion Nat Cpn s 118 % 16 As Sim Hard 6'%s 83 ViAW G & F Glgx, 10815 AACGEW TS N BE Nl 2 Beaverh'd s 214 % Belgo Can Pap by, 5Bell T Can 53 A. 5Can Nat Ry 78 10 Sery 18 € 2301 Serv % Boxps TCRRY af 01 1011 ) H 2223300 $3=33°2 STEPEE 5 22332 2292350 25523538322 CEERPEEE RIS 23S cms RESRERR5E % Hood Rubber 7s. | PInt Pap C B A SLih MON &L 4 Manitons o 109 Mo Pue R 68 ¥ % 14 Morria & Co 71 10 Nt Datl Pro Or Pub Ser by 2 Nor States B 815 PSP M B e 3 0fio Pow b8 B AP &L 8D i ! Pennok 0 Corn B 100 nia Rap TT s P 1 wout w104 15 16 Pure ‘Ol Co. §12n 102 Shawsheen e oo 1003 CE g 10 Stand_Motor 54 s 10 Sun Oil 813 I8 SWIr & o e AT =) Rub 6 ©3092009235523 I 2 BBIDIHA% EG S T b U U o B s U 44 Y PR acuum 0N’ 7s Webster Mills 6154 DA% FOREIGN BONDS. > =2 2233 IRRI2223E23 332393223222528 i ©5009022333325% 50 G & upp Fried 1. % Mig Bk Denmk Gx 2 Muni Medsllin K 1 Rep of Peru Rs 1 Russ G cfs B 08 100 moderate, market slightly weaker; Texas, standard crates, Yellow Ber- mudas, commercial pack, mixed No. 1 &nd 2, 3.65a3.90; mostly 3.75. Potatoes—Supplies moderate; de- mand, moderate, market steady; old stock, New York, 150-Ib. sacks, round whites, U. S. No. 1, 2.25a2.66; mostly around 2.40; new stock, Florida, dou- ble-head barrels, Spaulding Rose, U. S. No. 1, 7.00a7.25; mostly 7.00; South Carolina, cloth-top stave barrels, Irish Cobblers, U. S. No. 1 ,6.00a6.25; mostly 9.00; some medium size, 5.5085.75. ®trawberries—Supplies limited: de f=vid limited, market fairly steady: Worth Carolina, 32-qt. crates, various varieties, best, mostly 4.00a5.00; some ordinary condition 3.00a3.50; Virginia, Norfolk section, 32 and 60 qgt. crates, yurious varieties, mostly 12 few ®ow as 10 per qt; yesterday, Virginia, orfolk section, 32 and 60 qt. crates, various varieties, 12a17; mostly around 15 per qt. Tomato Market Firm. Tomatoes—Sunplies liberal; demand moderate, market fairly steady; Florida, 6s ripes and turning, wrapped originals, fancy count, 4.00a4.25; choice count, 3.00a3.35; ordinary quality and - condition, some green, fancy and choice count, 1.50a3.00. String beans—Supplies light: demand good for good stock, market firm; South Carolina, bushel hampers. green best, fair guality, 4.00: ordinary qual- ity, 3.00; few poor quality and con- dition low as 2.00 upplies light: market dull; Florida, crates No.| 50a2.75; few, 3.00; No. 2. 1.50a2.00. | Cucumbers—Supplies limited: good | stock scarce; demand limited, market | Florida, sq. bu. crates and bu. hampers, No. 1, 3.50a4.00; Ne 2.00a2.50: Virginia, Norfolk section, hotbed stock, bu. hampers, 6.00. Squash—Supplies light; demand moderate, market steady; South Caro- lina, bu. hampers and bu. crates, 2.00a 2.50. demand | e HARRIMAN OPTION TAKEN. NEW YORK, May 20 UP).—Stock- holders of the Dubilier Condenser and Radio Co. have approved a. thre: option to W. A. Harriman & Co., for | the purchase of 25,000 shares at $15 | a share. 1 EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Politics and Railroads. “This matter of the political factor as affecting investment values, which | was discussed in the preceding article in this series, may be applied to the case of the railroads. ¥or vears the vallroads were the foot ball of politics, and no doubt many were deterrod from investing in railroad secuirties because of legislation, actual and po tential Tt would be hard to imagine any en terprise not directly under Govern ment operation which is more closely supervised than the railroads are to- | day. They cannot bulld new lines or abandon old ones without Government permission as exercised by the Inter- state Commerce Commission. The | rates which they may charge for their | services are fixed and there is Gov- | ernment regulation of the wages they | pay. They cannot even sell securities | without having the price reviewed by | the commission. If they wish {o uc quire a controlling interest in another roud, for that, too. they must have permission. And yet all these condi tions were the same a vear ago, when | rallway shares were selling far below thelr present level. It is not the conditions imposed upon railroad operation which makes one road prosperous and another insolvent. These things do make a difference, but In the long run other matters are far more important. Tirst, considera- tion should be given to the trafc-pro. ducing ability of the road, and second. to the margin in earnings over charges. If these are satisactory vou need not worry very much about leglslation. for, as an investor. veur property is valuable, and under the Constitution of the United States you may not be deprived of It without due compensation Only be sure that the property is valuable and remember that earning power is an essention part of property value. If it is a branch line on which trafMc is constantly decreasing, due to inotor car competition or (o u shifting of population. the original cost of tha | Tight of way Is not to be relied upon, and if it Is a line which from year to “Vear carries moré and more freight at a profit you need not be disturbed about what the Government may or may mot do. (Copyright, 1936.) | | Potom | cay | National 33 Ruee Govt 8 30 Russ Go 8 9Tono El Po C 78 O Sales. STANDARD OIL in_units. 4200 Anglo Am Oil... 80 Buckeve P L1 100 Chesebrich Mfg.' 60 Cumberland P 20 Gal 8§ O 22000 Hum 101 60 Tilinois P L... 54400 Imp O of Can 9300 Inter Pet C 20 Magnolis Pet. t Transit Y Transit 1300 Ohio Ol S 200 Penn Mex Fuel 14900 Prair O & G n 180 Prairic P L .. 50 Solar Refin . 70 South Penn ‘Ol 1 UE: I3 ] 1R aSe maus 532328328 o L P 3 obS B S Prg-re 235 3352533 ) Fonesaszaan am ER5825532 Fapr L e e t Ser Colombisn Synd. Continent Oil vt 8 Creole Synd ... 4 Euciid Oil Co’ ey 330 s e s EERLB2%3ea & et Pt 4 2 Brs e | Washington Stock Exchange SALES. 00 a 68 000" at 100. Flec. 5. & r. $1.000 at tal Tractlon Co.—30 at 95, 2 at 85 SRk ton Meche Savings " Bank'— 10 10 at 83. 40 at APTER CALL. Washington Gas 6s '33—S$400 st 102, $300mual Tracilon Co—2 at 95. Money—Call loans, 5 and 8 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY B d. Amer. Tel. & Telga. 43..... Amer. Tell, & Telga. 448 .. Am. Tel. & Tel. ctl. tr. Bs.. Am. Tel. & Tel. conv. 6s.... Anscostia & Potomac by Ana. & Polomac gu C. & P. Telephone ¢ & P Telephooe of Capital Traction R. R. b City & Suburban Bs.... Georgetown Ges 1st Be.. Potomac Elec. 1st by Poiomac Elec. cons, . Elec. 63 1953 Pot. E. Pow. . m. & rel Wash., Alex. & Mt. Ve Wash.. Alex. & Mi. V. Washington Gl Washington Gas, ¢ Wash. Ry, Waih Ru¥. & Fice. 63 431 MISCELLANEOUS: Pot. Jt. Stk. L. Bk . 10 Riggs Realty bs (e ). 0 Rites Realty Bs (short).. . 01 Southern Bidg. 81s... 101 h. Mkt Cold Storage Gs. 93 rdman Park Hotel Oe... 101 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel Capital Traction Washington G Norfolk & Wa eh. Rwy. onl atl com.. e Terminal NATIONAL BAN! vational.. . 5 ~~53050: 23338388 b3 ital Columbia Commercial District ... ... Farmers & Mech Federal-American Liberty ....... o " Aebiopotiian. . o e R i o1 W TRUST COMPANY. Ak e 3% Mermante BT ' dria Union Trust & it Wash. Loan SAVINGS BANK. Commerce & Savingi East Washington, rity Sav. & Com Seventh Street... ... Lnited States. Washington Me FIRE anics L.l INSURANCE. 238 180 28 Uni 14y TITLE INSURANCE Columbia Title Real Ectate Title 147 MISCELLANEOUS. American Corcoran Firomen's National D. C. Paper Merchante T XX ergen o Natl: Mtge. & Invest. pfa Old Dutch Mkt. com. Old Dutch Market pfd. Lanston Monotype ...... Security Storage. Washington M. Yellow Cab... *Ex dividead. Public utilities maintained their places of prominence, but buying was less pronounced. _Commonwealth Tennesscs, Electric Bond and Share and United Power and Light reached their best prices of 1926, but other re- cent favorites were held in check by profit taking. The sharp run-up in Chrysler Motor Co. increased with new high prices for Maxwall “B"” on the stock ex- change, which s convertible into the former stock on a share-for-share E on 0il Cor. . 1 Gl O vie : 8 Gult Oil of Pa. 7 Kirby Pet Lago Pet Peer 0N Corp. . 1 Reiter Foster OC 4 Redt “Ranic O S TEd Salt Ck Prod ni_ Central Oil! 21 Venezuelan Pet. 26 Wilcox Oil & G 1 Woodley Pet INDUSTRIALS. 3 Adirond Pow 77 1 Adirond T, & Trac pt Pw & Lt new Pw & Lt ptd Rayon Prod Superpow A Superpow B Super pr i Ams bow B2 11 Armour CBv t e b-reb PR SR S P - 4 Atlas P Coow wi 1y Borden Co ... Borden Co ptd. . Rord & C rts. .. Bord & C p wi . 2 Botany Cons M A Bridgeport Mach 2 Brit-Am Tob cou i Rkiyn Cits R R 222 S3mazuoecis 232:33355 EEE ST - ey 35533353823 TE ey PSP i e e N z I IR 1913 & Chapin Sac & Chatterton & Chi Nip BT © Cirve Rutg. . Commonw th” Ed, 17 Commonw'th B C 184 Common P an mmon P 7 s G B Cont Bak A eI REAeE e Tt s FITES Rt 7 DT e o ROk S 25 PR E IESEEs 1 Curt Assets Cor. 4De For R € vie 9 Dubilier C & Rad Py s 35335 FELETE - 1o D e o oaned o~ SeoliSontaniRnac B FEFEETE FEEE b RS 12 @ioDe o EENPS coP e Pttt PRt e e LESFIE R E ozl E I P T 9 ke 50 Durant Mot 1 Du"“Pont Motors 4Du: ol A 271 Bl B & Shin corp 11] Bl Invent Tne Fl R Secure Co 3% Eiec Auto Lita. . Fureka Vacu C.. 2 Ford St Co caii 4 9D Frank H H M1 C 1% Frank HH MC pt 1 Preshman, Chas 62 Gab Snub M) 2 Garod Corp_. 1% Gen Gae & EIL. 1 Gen Quid ad €A 2 Gen Ouid AT vic g0 Gffletis 8 % 7 oodyear. Tire BT 3 Happiness C S'A 2 Hazeltine. Corp. - 2 Hezden' Chem .- i Inier. Cont 4 Inil Coner Ind C 3 Intl Maten C ptd htern ULl B. . PSR e e P 2 1 Jones Radio . . 2 Kelvinator C fL_ Cheese ener Wms 4 Land Hold C 48 Lehizh P sec Lehigh s CEEE ¥ st T8 Liberty Ra Ch § Marconi Wire Tel 1 McCrory Strs wis 15‘ Mengel” Box oL Menabt 1o 1 ) 7 10, oore Drop Fg A otion_Pic Cap C usic Master ‘E tes P & mnibus Cor vte I Oppenheim & Col 4 Pathe Ex Inc A enn Water Pow Power Corp N Y ower_Secur Cor itts Plate Glass ratt & Lambert VC N Til 6 pt erv Nor T rity Bak A... rity Bak B.. S8R GE RN FIEE & TR ORI G 3 990 77 P %! 3 o Sonnioc DS el O WBREL DD i sk 2D DS DRI RBRNDD PSSP D RS Bt © FRFLEREE D ARD WA GOD s E3EREERR 5 0Rein 3938342853 4833055 & FrEr 2 X 3 o » 5 5 - & 3 - 3 DY BER BB DD s © o -GS Fa BEER R85 B IR O Im R OB IEBAN RO I & & e I3 & FFRLEREIES 5 4qaqggad o 2 a1 s owes BT ot e~ ey o R r W RN § nw vie & Cnw wi &CAnwi & Cn pf wi Taxt CN ¥ 18 === e T 325! SReEEe & FREVE T 3egscsna FREFE e EEEEEEEES st Do & riz_Globe Cop. utte & West. Lo Linbisha Hawthorne M 1. Hollinger ... Hecla, Mine .’ Howe 8 aw vt Jerome V Devel. Kay Copper Cor Mason Val .. & TP FF PFEEF Nipissing - - Qhio Por M L. Plymouth N Premier Gold M ilverdale ... ... arhesd Gold. 3 A BB 3 =D R DR 22> ¥ 22 i RO e 320 = r ;29 E e B D R P BB OIS AR S eadE a4 SHORT-TERM SECURITIES. (Quotations furnished by Redmond & C ——Noon.. Bid. Adirond. P. & L. C. 65 1029 Alum. Co. of Amer. 78 1033. Anaconda Copper 6s 10 n B 7 1025 031 o ) 8 ‘H‘I| of Georgia of Lyons 68s 1 Du_ Pont 7%s 183 930, « Goodyear T. & R. 8s 1031 1038 Hock. Val. R. American Sugar 6s 1937 Amer. Tel, & Tel. 6s 1035 Anglo-Amer, Ol 68 1 Balto. & Obfo 6s 1820, Bethlehemn Steel b3 1036 . Mil. & SL P 6 R. 1. & Pac. & Colum. Gas. & E. 1st Continental G. & iflu 1927. Federal Sugar Ref. 68 Federated Metals 78 Great Northern Guit oil Corp. P Humble Oil Blss 1 See. C. Offer. 103 1078 102% o Assoc 2238 * & 2523282832 * 5 330003535520530: 32 332333322352 FEFE FFETR FETIGIEREE 565 FEEPE R PP 95355 SEEEREEREERS ERFEEEE 2. 32333333333333332333233: [N =5505 > £ RCT IS 82323323 78 103 & STAR, WASHINGTO NEW SALES IDEAS WIN FARM ORDERS Salesmen Rush to Farmers’ Door With Latest Money- Saving Implements. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, May 20.-—The farm implement dealers and manufacturers of the Nation are going after the [farmer's dollar literally as well as fig- uratively, Makers and distributors have worked out entirely new selling methods to meet changed conditions and competition. A recent survey made among 21,000 dealers by the re. search department of the National Assoclation of Farm Equipment Man- ufacturers shows that at least 8,000 dealers have been put on wheels. They are now selling the farmer at his barn door. New Service Offered. In addition, makers and dealers are giving the farmer service in other spects, such as he never has enjoyed before. Some of these plans have revolutionized salesmanship in the rural districts. Untll early this vear rural implement dealers were faced with an impassible barrier in the shape of lack of farmer buying power. When the farmer commenced to have more dollars, it was found he also had more wants and demands. The auto- mobile, the radio and other things had become necessities of farm life and s0ld themselves to the farm family ahead of plows, grain drills, corn planters, wagons, pumps and spray- ers. Sales Methods Improved. Tt has been to meet this situation that the new servica and methods have been devised. Manufacturers of grain drills, lime spreaders and other equipment have taken their machines to the farms and helped Farm Bureau workers show just how they could in crease the farmer's profits. One big manufacturer of plows and tillage tools s helping agricultural high schools by encouraging and ar- ranging plowing matches. A South- ern firm, which is & century old this year, {s staging jubllee weeks through- out its territory during which dealers are alded by local advertising dis. plays and celebration programs, which bring every farmer nearby into town and into the stores for a look at new implements. Gas Engine Schools Help. Schools of instruction in the oper- ation of gas engines. tractors and threshing machines have been insti. tuted by still another manufacturer in which farmers, farm boys and deal- ers receive expert tralning. More than 250,000 farmers have been reached by various manufacturers’ schools in the last year, according to reports from the manufacturers' assoclation. Sales were greatly stimulated by show- ing farmers they could operate a trac- tor if they bought one. Feed grinding demonstrations are being held at various centers where local dealers grind balanced rations as outlined by the agricultural col leges” and testers, for the dairy cow, the hog and the chicken. In many in- |stances milking machines, separators and barn equipment is be- |ing sold by installation on a “pay its way” basls. This has alded many farmers in starting profitable dairying operations. FURS SELL LOWER AT AUCTION SALE American Opossum Most in De- mand—Comparisons With Last Fall's Sale. Special Dispatch to The Stas W YORK, M i York Auction Co. announces the fol- lowing comparison of prices realized vesterday, as compared with the Feb- {ruary sale: Mink, 10 par cent lower: chinchilla, [no comparison: cross fox, 15 per cent lower; blue fox, 15 per cent lowe: Russian sabie, 10 per cent lowe: civet cat, § per cent lower; Australian opossum, no comparison; wallaby, no comparison; American opossum, 10 per cent lower. American opossum was most in de- mand. The best of these furs brought as high as $2.08. Mink reached $22. ‘The best cross fox brought $92, while the choicest blue fox reached $95. Top for Russian sable was $100. ‘The best price paid for the Austra- lian opossum was $3.30. FOREIGN EXCHANGE. (Quetations furnished by W.B. Hibbs & Co.) Nominal Sellimy chec sole vatue. “lodugnek 484 s 4 348005 Se80 193 198 Lo , 4 Yontross >dotiar. Paris, ll‘hl,l'c‘“e PR ry 5 RO miri” e, lira Zurich. frane. i3 DD DD ARORSSw Bl 232 Stockholm, crown NEW YORK, May 20 (#).—Foreign exchanges firm. Quotations in cents: Great Britain, demand, 485 15-16; ca- bles, 486 5-16; 60-day bills on bank: 481%. Yrance, demand, 5.15; cables, 5.16%. Italy, demand, 4.05: cabl 4.06%. Demand: Belgium, 5.00%: Ge: Holland, 40.16%; Norway, 16.76; Sweden, 26.72; Denmark, 18.7] Switzerland, 19.33; 8pain, 14.5 Greece, 1.73; Poland, 19%; Czechoslo- vakia, 2.96%; Jugoslavia, 1.62%: Aus- tria, .0014%; Rumania, .47%: Argen- tina, 40.44; Brazll, 10.25; Tokio, 42; Shanghal, 75; Montreal, 100. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) " Offer. YT P d Lieut. Col. Short Transferred. Lieut. Col. Walter C. Short, U. S. Infantry, has been relieved from duty at the Army War College, Washing- ton rBarracks, and ordered to Sa Juan, Porto Rice, for duty with the 66th lnflnl"x e MONEY to LOAN . In Anyo“ Amount REAL ESTATE In the District of Columbia Wm. H. Saunders Co., Inc. 1433 K Street N.W. Phone Main 1016-1017 = [ S ‘% cream | VESDAY, GROWING DEMAND SEEN ‘FOR BALLOON TIRES. NEW May (P).~Tire shipments in aggregating 1,168,297, agalinst 764,874 in February and only 141,272 in March, 1024, are sald in the trade to reflect the stead- ily increasing demand for balloon tires, of which it is estimated more than 9,000,000 are in use in the United States. Production also gained corre. spondingly in March, 1,217,367, com- ring with 740,106 in February and 16,808 in March last year. ITT-POINT JUNP IN COTTON PRICES July Contracts Soar During Day at New Orieans Due to Heavy Exports. By the Associated Pre NEW ORLEANS, May 20.—The cotton market experienced an easier opening, owing to much lower cables than due. First trades showed losses of 8 to 12 points. The English mar- ket was said to be influenced by the favorable weather and crop news from America. Prices eased off after the opening call until July traded at 22.91 and October at 21.87, or 16 to 23 points down compared with yester- day’s close. Without warning July jumped to 23.62, or 77 pointa from the low. The advance was attribyted to the alarm of July shorts at the constant ship- Ping out of the certificated stock-cre- ating visions of a July squeeze. The market waus feverish in the aft. ernoon and eased off on realizing. July dropped to 23.27, or 35 points off from the high; October eased to 22.09 and December to 22.18, to one point under the preyious close. Exports for the day totaled 17.269 bales, of which Houston contributed 15,011 bales ew Orleans cotton futures closed steady atvet 13 points up to 6 points down. Januars ey ki Sihber Botemter " 2 OF B NEW YORK. May 20.—The cotton market opened harely steady today at a decline of 6 to 14 points and sold 10 to 22 points net lower in response to easler’ Liverpool cables, favorable early weather advices and expecta tions of & favorable weekly review of crop conditions by the Weather Bureau New York cotton futures closed steady at net 40 points up to 4 points down High Low Range. i‘muar_f 50 I July [0 October December WANTED Second Trust Notes This company has funds available for the purchase of all kinds of second trust notes, secured on real estate in or close to D.C Prompt Service B Washington }nvestmenlfl Transactions Co. 713-15 14th St. N.W. Main 3662 a] o} Applications Invited for First Trust Loans In any amount. Secured on improved property in the District or outlying sections. e bl e S AN Sl I e K e Lowest Rates Qyick Service i Stone and Fairfax 1342 New York Ave. Main 2424 RIS el 3 e e T Your Savings Can Earn 7% Now 'OU don’t have to wait until your savings resch $100, $500 or $1,000 before realizing the full earning power of your money. Our-Investment Savings Plan en- ables you to get 7% on savings of $10 or more & month, with the proven evidenced by our record of ne to any investor in 52 years. Sennd todsy 1;" our booklet, *How to Build an Independent Income.” It explains how every payment on s $100, $500 or $1,000 Smith Bond earns the full rate of bond interest. The F. H. Smith Co. Founded 1873 No Leoss to Any Investor in 33 Yoors Smith Building, 815 Fifteenth 8t. THE F. H. SMITH COMPANY | Smith Building, Washingten, D. C B MAY 20, 1925, AMAZING INCREASE INCOTTON QUTPUT U. S. Leads in World Supply. Now Near Pre-War Levels. 1925 Prospects. Special Dispatch 1o The Star. NEW YORK, May 20.—Prospects that the world cotton crop of 192425 may total 24,700,000 bales, as estimated by the Department of Agriculture, against 20,613,000 in the closing year of the World War, lends interest to a atudy of world cotton production out- lined by the Trade Record of the Na tional City Bank. It shows that the world's output of cotton, now the chief textile for clothing material, has grown from approximately 1 million bales in 1800 to nearly 3 milllon in 1850, 6% million in 1875, 15 millien in 1900, and 27% million in the year pre- ceding the opening of the World War. Near to Pre-War Records. With the increased demand for food stuffs growing out of the war and the difficulties of transportation, the world's cotton crop fell to 201 million bales in the cotton year 191819, drop pIng to 15 1-3 million in the crop year 1921-22, 19 ‘million in 1923-24, and promises to reach 24,700,000 bales in the eurrent crop year 1924-25, or more than in any year since the opening of the war and but little below the high pre-war record. This big growth in the world cotton outturn in the past 125 years, says the Trade Record. has oceurred chiefly in the United States, whose cotton crop in 1800 is estimated at 73,000 bules of 478 pounds, advancing to 533,000 in 1825, approximately 2,000,000 in 1850, 4% ‘million in 1875, 10,000,000 in 1906 and 16,000,000 in 1914. Great Advance by U. S. Our share of the world production | advanced from 7 per cent in 1800 to 63 per cent in 1914 and 70 per cent in the cotton year 191819, but with the re. turn to the cotton industry in other parts of the world our share of the world's erop has fallen to 59 per cent in 1921-22, and is estimated by the Department of Agriculture to be about 66 per cent in the cotton year of 1924 ' —— e STOCK RISE EXPLAINED. NEW TORK. May 20 (P).—Antici- pation that the preferred stock of the Splcer Manufucturing Co.. makers of automobile parts, would be retired in the near future was sald to have ac counted for the advance in the shares from 85 to 106 in the last 10 days. | Present rate of earnings on the tom mon 1s placed at $5 a share. The company's plants are running on day and night shifts. STOC BONDS BUCK & CO. Established 1916 Evans Bldg. Tel. Franklin 7300 Main 8633 We Buy and Sell Listed Securities Outright and on Margin Our marginal requirements are reasonable and attractive for small traders. 5-Share Trades Accepted Write Call for Wi Market Lotter, 7 Direct Private Wires New York Baltimo=e Philadelphia Washington BUCK & CO. 3%-Year Utility Investment Yielding Over 6.15% Munieipal Service Company owns or controls various pub- lic utilities serving electric light and power, gas or steam, to 184 communities in Penn- sylvania, Virginia and Georgia. Net earnings of combined properties, after subsidiary company charges, are over 3% times annual interest re- quirements of total funded debt, including this issue. Municipal Service Company 6% Gold Notes, Due November 1, 1928 Send for Descriptive Circular 4-366 E. H. Rollins & Sons Founded 1876 416 Woodward Bldg., Washington Boston, New York. Philadelphia, Chicago, Denver, San Francisco PROFITABLE CONVENIENT are the investments we offer—secured by First Mortgages on Improved Property in Washington. SAFE—Because they rapre- sent double the value of the first mortgage offered. PROFITABLE—Because the interest vield is more liberal than upon other equally high- class investments. CONVENTENT — Because in- terest checks are mailed by us when due; because we can ar- range for partial payments, and because notes are issuad in de- nominations of $100 and up- wards. Ask for literature—no cost and no obligation. Mortgage Investment Dept. Ao & e, 713 & 715 14th St. N.W. FINANCIAL. Money to Loan by firet Trompt Acties Mortgage Loans Rates of Interest avd Commissisn Thomas J. Fisher & Company, Inc 728 16tk Btrest FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President First st on real estale I Prevailing interept and commission Joseph I Waller 28 Wast L. 8 Traut Bldz.. 9th & F N.W. REAL ESTATE LOAN MAN Open for Engagement Address Box 46-X Star Office The Prudence Company, Inc. = of New York 7 Invites Applications for Construction Loans Long-Term Refinancing Amounts of $50,000 and over FRED T. NESBIT Loan Correspondent Investment Bldg. Main 9392 Metropolitan Housing Loans (Metropolitan Life Insurance Company) On homes in the District of Columbia and suburbs in Mary~ land and Virginia. These logrs may be made for 15 ysars and are very ad- vantagoous to the berrower for the reason that they climi- nats eztonsions, or new loans at the end of short peréoda. No fe insuramce requirement. Write for booklat. Unlimited funds for loans in the District of Columbia on BUSINESS PROPERTIES APARTMENT HOUSES OFFICE BUILDINGS AND HOTELS Lowest Interest Rates—Brokers’ Applications Invited WEAVER BROS., REALTORS 735 15th St. N.W. Phone Main 1821 Offices That Are Central Conwvenient toall parts of business and finan- cial district. Especially suitable for Instrance, Buclder, Realtor Offices. Saul Building 925 15th St. NW. B. F. SAUL CO. Main 2100 925 15th St. N Equitable Co-operative Building Ass'n JOHN JOY EDSON, President FRANK_P. REESIDE, Secy. Organized 1879 45th YEAR COMPLETED Assets $4,942,132.68 Surplus $1,317,011.44 Subscriptions for the 88th Issue of Stock Being Received Systematic Saving HE Equitable’s systematic saving plan will help you get ahead financially. It is a plan whereby the greatest results are obtained by the persistent savers. Join today and learn of this wonderful plan. 915 F St. NW APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Lecated in the District of Columbia and adjacent Subwebs in Montgomery County, Md v ‘,flpply o H. L. RUST COMPANY LOAN CORRESPONDENT ®he PRUDENTIAL INSURANCE COMPANY & AMERICA 912 15th Strest N. W. Main 68838 Main 2345