Evening Star Newspaper, May 29, 1925, Page 19

FINANCIAL. HOLIDAY BUSIESS AT CENTER WARKET Tomorrow’s Needs Cause Lively Trading — Very Few Price Changes. Increased activity in the local mar- et early this morning resulted from retallers being anxious to get supplies in time to meet the holiday demands of customers. Supplies were more th equal to the demand, and pr most commodities were approximately the same as durin m«Ml of the week There was an ir poultry, especially Spring Drollers being wanted for holid ings. The demand would much greater had lower prices ruled. Today's Wholesale Prices. Butter—Fancy, tub, 51; prints, store packed, 2 Eggs—Fancy average receipts, Poultry — Alive White L , 35 Keats, selected, candled, 32; 30a30'2 ilers. heavy 12a15; fowls, ducks, Fowls, 30; choice, 11; me. ambs, Spring. tock—Calves, 10a11: lean, Sad. Live hogs, Meats—RBeef, lambs, 30 dium, 15 , 18; Spring loins, 3la : \hv»uM(‘l , 18a20. and \rzoluhll- Review. Today’s market report on fruits and compiled by the Market ice Bureau of Agricultural Feonomics, said Cabbage—Supplies moderate, market Norfolk_section, barrel crates, pointed type, 2.75a3.00: few low as 2.50. Cucumbers—Supplies _limited; de mand moderate, arket slightly weaker; Virgini: bed stock. bushel demand strong; Virginia, light; trading bushel square hampers, South Carolina, 3.50a4.00; Florida, tes, No. 1, 3.00 upplies beral; demand market fairly steady; California, light, crates, Iceberg type, Central district, 3.00a3.50. Onion Market Firm. Onions—Supplies light: i market firm: Texa crates Yellow Bermu pack, mixed, No. 1 and Potatoes—Supplies mand moderate, market stock, New York, 150-Ib. s U. 8. No. 1. mostly uth Carolina, cloth-top_stave ish Cobblers, U. S. No. me fair quality, arolina, cloth-t h Cobblers, 1 medium_size, mostly Strawberries—Homeg: ing the market ,Tomatoes—Supplies market and turni 3.50a4 demand andard nmercial moderate; steady ks Round wns supply moderate; de steady. . wrap. Florida, 6s, choice ped, fancy count, 2.50a3 String Beans Cheaper. moderate ripes count, Watermelons — Supplies demand light, direct to ret sons, 28-b. uverage, String ns—Supplies_liberal; de mand limited, market slightly weaker; South rolina, bushel ~hampers. green, 2.50a3.00; few best, 3.50; North Carolina, 5-peck hampe! sreen, 3.50a4.00 Dewberries—Supplies d moderate, market steady; 32-quart_crates, best, 6.00; few fair condition, 4 Peaches—Supplies liberal: demand limited, market slightly weaker: North | Carolina, sixes, Mayflowers, best, most- | some’ fair condition low as| orgia, sixes, Uncedas, mostly | around 2.00 Beets Sell Lower. Beets—Supplies liberal: demand lim- ited, market weak: Virginia, Norfolk Section, bushel hampers and crates, hotbed stock, mostly 5 per bunch North Carolin: bushel hampers, bunched, mostly 1.50. Peas—Supplies liberal; demand mod- erate, market about stead: irginia, Norfolk section, 5-peck hampers, large yod varieti 50; few 2.75; small pod \arieues, .COTTON QUOTATIONS HOLD VERY STEADY Tom Wat. moderate; de-| North 5.00a | .00. Prospects Cause Slight Reaction in Values. Br the Associated Pross NEW YORK, May market quiet in today's early trading, but showed an easier tone under liquidation or local selling pro- moted by hope of showers in the Southwest. The opening was steady at an advance of 2 points to a de- oline of 5 points on comparatively steady Liverpool cables. Txwo more private crop repovts were Jssued, one estimating an increase of @bout 6 per cent in acreage and a con- dition of 74.2, and the other, condi tlon 77.1 and age increase 6.1 per cent. Neither appeared to have much effect, but a low barometer in the | Southwest, leading to private fore casts of showers, was reflected in de. clines. New York cotton f net 4 points down to 29.—The cotton ures losed steads at Points up. July October Dacember January New Orleans Quotations, NEW ORLEANS, M: cotton market opened a shade casier ables were lower than les were 3 to 5 points down and prices eased off a point or more further right after the call on rather bearish private condition re- July trading at 23.36. October 04 and December at 22.16. The market rallied to 1 point above vester- day’s close on continued fair weather Vew Orleans cotton futures closed steady at net decline of 5 1o 12 points Low. Range Juis o Detober December January March Openin By METAL MARKET. W YORK, May 20.—Copper ; electrolytic, spot and futures, Tin easy: spot and nearby, futures, 55.25. Iron steady, unchanged. Lead firm: spot, Zinc St. Louis steady: e: nearby, 7.10. Antimony, 5. prices 3.40a8. spot spot, ‘and 17.2: Pl s WOOL PRICES FIRM-UP. BOSTON, May 29 (Special).—There was a fair volume of trading in the wool market today. despite the ap- roach of the coming holiday. Pri “were generally unchanged. It is sig- nificant that distress wools which were on the market a month ago have passed into stronger hands and there is no Mkelihood of a sensational break such as occurred from such.a-geurce BsJears 3z es of ¢ e been | Norfolk section, hot- | of Showers in South | The | Received by Private Wire BY ‘WILLIAM F. HEFFERNAN. NEW YORK, May 29.—The buying power back of the market continued {10 make itself felt in operations on the Curb Exchange today, but the was far from general. The specu- tive element continued to switch from one favorite ‘o another. This gave the market an appearance of buoyancy and strength and diverted attention from the rather heavy real- izing taking place in many quarter: V' YORK, May 29.— n official list of bonds raded in_ on the New Market tods | Sales in BONDS | thousands. 4 Allied Pack_6s Alum s Am Gas & El s, Following is and stocks a t York Curb Low Close. SL -§Y 10114 LR R 23 - acuum Oil 7%, .. Webster Mil 6 1 Russ Govt 5Russ G 8o T Siem & Hal 43 Siem & Hal § wisa Gout gz, - 28 Toho Bl Po & Sales STANDARD OIL ISSUES. in unite 1800 Anglo Am Oil. .. 100 Chesebrough M{s 20 Cumberland P 10 Gal S O pfd nw. 3000 Humble Ol & R 0 Tmp O of Can nw 200 Ohio Ol .. 1100 Prairie O & G nw 70 Prairie P L. ... 12 0 South Penn Ol . 1200 8 0 Kan 3005 0 Ky 0S O Neb: 0S 0 N Y : 08 0 Ohio ex div. 358 300 8 O Ohio_pfd 0 Swan & Finch 300 Vacuum Ol Cities Service pf. Cities Serv pf B 35 Colombian Syn 10 Con. - Rovalties. 61 Contl O v 7 Creols Synd. 22 Crown € Pet Wi ulf Oil of Pa. .. 1 Kirby Pet ex div Washington Stock Exchange SALES. p5a0lial, Traction Co—10 at 95%. 1 at 5t it ©Lanston’ Monoiype—10 at 83, 10 at 83, 30 at 3 Capital Traction 5s—$500 at 97%. ‘Washington Gas Light Co. 0 _at 58, 10 at 58, 10 at 58, 10 at 58, 1 58. Folomac, Elec. 1st 6s—$2.000 81100, i as By 200 at 102, &qnn“az"io"" $200 at 102, $800 at 102, $1,000 at 103 V. i & Elec. com.—10 at Mones—Call loans, 5 and 6 per cent Notice—This_exchange will be closed to- morrow, ““Memorial day.” Bid and Asked Prices. BONDS. PUBLIC UTILITY. American Tel. & Telga. 4s... ‘Amer. Tel. & Telga. 4%, Am. Tel. & Tel. cti. tr. Bs Am. Tel. & Tel. conv. 6s. Anacostia & Potomac % Potomac guar P. Telephone bs. * & P. Telephone of Capital Traction R. R. Gity & Suburban bs. orgetown Gas 1 aeesnetSven HRE 2R3BPRRE2RT; FEETF 233 833! Potomac_Elec. Pot. El. Pow. Wash., Alex. Wash . Alex Wash., Balt. & Annap. 58..... Washington Gas Hs........ <h. Rw [pat. \r\ulhl"“ RML' Blae. Wardman Park Hotel 6s.. STOCKS. PUBLIC UTILITY STOCKS. American Tel. & Telga . 138% Capital Traction. ... - 951y Waehington < ik & Wash, Steamboat. 2 sh. Rwy. & Elec. com | wash. Rwy. & Elec. pfd.. | Terminal Taxi com (lonig) . Capital Federal- American Liberty TRUST COMPANY. American Security & Truet... 328 Continental Trust. AR ) Merchants' Bank National Saving: Trust. Commerce & Savings. East_Washington.. Security Savings & Com Seventh Sireet ates. . Whithinston Mechanier FIRE INSURANCE. American - 228 Corcoran <480 iremen’s . 1+ National Union. H‘n TITLE INSURANCE, Columbia Title.. Real Estate Title. g MISCELLANEOUS. D. C. Paper pid.. Morchants. Trans. & Storage. Mergenthaler Linotype. . ... Nau, Mige. & Invest. pid. 0ld Dutch ket com. 0ld Dotch Market pfd. Lanston Monotype. Security Storage.. . Washington Market. "Xdlnv [reran NEW YORK CURB MARKET THE EVENING FORD'S FRUIT MOVE Direct to The Star Office Despite the improvement which has already occurred in public utilitiet n;‘(:sl of these maintained their leader- ship. Pathe Exchange class “A” was pushed forward almost 2 peints. Duz Co. was up similarly. American Suma- tra Tobacco notes ran up a point on the anouncement that the District Court had authorized a 25 per cent payment on the principal amount out- standing. Salt Creek Prod.. Savoy_Oil. Sun Ol wi.il. © Tidewater il i ST W Am Pow & L ni m Rayon Prod m Superp A™ 50 Am Su Apevo STE o4 Armour & Cy vid Asso Gas & EL ord & C rts_wi & Botany Cons M. . 1 Botany Cona M & 4 BritAm T C'o d 4 Bkiyn City R R 7 Buff Gen El C.. 0 Car Light . v G Ale A an Dry G Ale B arolina P & L ‘entrif Pip Cor. “hapin Sac s Co “pfd.’ Ieve Auto ‘ommonwlth Ed Commonwith B ( S ‘, Sommonw B C omw PC. nw Wi ommw P C war ons G Bali new ontinen Bak A. “ontin'n Bak B 3 41 780 36 37 96 11 | Special Dispatch to The Star. |have bananas or have no bananas is STAR, WASHINGTO | STIRS SHIP CIRCLES Possible Entry Into Banana Trade Means Fight on United Fruit Company. BY J. C. ROYLE. NEW YORK, May 29.—The ques- tion as to whether Henry Ford will arousing wide discussion in fruit, rail- road and shipping circles. All are quite willing to admit that the present negotiations in Detroit between T. V. O'Connor of the Shipping Board and Mr. Ford may result in the requisi tion of the refrigerator ships of the board, but some doubt that if he uses them to carry automobiles to-Central and South America he can get ba nana cargoes back, and whether he will find it possible to distribute and sell them after they are transported to | this country. Ford Declared Serious. | Detroit associates of Mr. Ford say| the plan is to be taken in all serious: | ness, according to dispatches r?r‘el\sd' today. They say that notwithstanding the fact that many growers already have their fruit outout tied up with other lines, the Fo§ ships will find return cargoes with the same ease with which his railroad, the Detroit, Toledo and Ironton. gets frelght, even though that frelght -has to “go all| around Robinhood’s barn” to get started on the Ford road. Transportation men who have come into contact with the Ford organiza tion say he simply cannot be stopped and that his branches and strong sell ing agencies in all parts of the world exert a strongand growing influence on the routing of freight. whether on sea | or land, and that any barriers can be | = quickly knocked down. Thet add that | | the Ford purchasing power is a club which is most persuasive in securing trade favors. He has taken millions out of countries that buy his cars, but he puts back into the banana repub lics in purchases of raw materials ontl Bak pfd Coty Inc ba Co “uba TC vt 7 Curtiss Aero M .. Curt Aero M pfd Curt Assets Cor De For RC v 1 Doehler e C 4 Dubilier & Rad 3 Dunhill Intl I. 61 Durant Motor '’ Bo & Sh pld B & & ne Cor Invest Tn R See (o LElec Auto Ly 5 Eureka Vac 1 Fed Metale 1' 5 Frank n Outd Ad C'A fillette S R . joodsear Tire T 3 nw vie 4 Happiness C S 13 Hetden Cnem ' 'y Hercules Powder 1 Horn & Hardart. 1 Imperial Tob: 7 Inter Contl Ruty Inti” coner nd ¢ 3Intl Mateh € pfd ‘l }nl'r Or':mn R C ntern Ciil B.. 6 Jones lellllnB 10 Kelvinator € - Landove, - 170 LA S G A & Lehigh Val 4 Lib Eud Ch Strs Mengal Hox “l:} ‘?’ul,.l ‘est P or T 10 Mid West Ut Mo Pie C C exd P Nk Pl new pf wi Nor O Pow C. SCEERARZREISE P 21 0mni C vt tr o 3 Gopenneinn Col - 31 Pathe Ex Ing A.. % Pow Corp N Y.. ‘n Burity Bak A 2 Punty Bak B . 14 Reo Mot ... 2806 B new i inger Mfg Ltd. 21 Serv Ei Cor A .. S0 C& I new . Southeas P L .. ou Cal . ou_Cal Ed B pt 1 S Rt & P Stand Pub Co A 25 Stutz Motor. ... 14 Swift Int't % Swift & Coll." 1 Tenn Elec Powe 1 Thermiod Rad Xport 2Todd Ship. ‘” & ie e mo s SR $4d SRR SRR forey ey 5255055553 B i ) 3530553550 ERG Saiss g o FAPEPES ) ZamoRorosa 1 Lt & Pe i i ) ieed B Sk U Ware Radio Warner Biros P A v“‘_l‘n: ’l,’n 3 5 L Weat Po. RS R 1 White RMSpr nw TWRMS nw ¥ ¢'of Wilkon&C ne wi Wils&C A nw wi 5 Wilt&Co n bt wi MINING. 110 Ariz_Globe Cop 1 Cnh\eru B I8N TaaT 80 Eureka Croesus. 70 Forty-nine M . 50 Hawthorne M 4 Hollinger ex div 6 Heela Mine . .. 2 Howe S nw vic. 96 Kay Copper Cor $Kerr Lake ... 4 Ohio Cop . : 30 Parmae Por M Tr Premier Gold M.. Red Warrior ilverdale ... ilv King w.m So Am Gold & P 60 Spearhead Gold 9 Tono Extens Rt PAIGE-DETROIT VOTES REGULAR AND EXTRA DETROIT, Mich., May 29 (#).—At a meeting of the board of directors of the Paige-Detroit Motor Car Company yesterday the regular quarterly divi- dend of 1% per cent was declared on preferred stock, payable July 1. The directors also declared a cash dividend of 30 cents a share and a stock dividend of 10 per cent on the no-par value stock, the former pay- able July 1 to stockholders of record June 20, and the stock dividend pay- able July 15 to stockholders of record June 30. DAIRY PRODUCTS. BALTIMORE, May 29 (Special).— Live ~ poultry — Spring _ chickens, pound, 35a50; leghorns, 30a40: old hens, 23a28; leghorns, 3a24; roost- ers, 16; ducks, 15a22; pigeons, pair, 20a50; guinea fowl, each, 50a75. Eggs—Receipts, 1,204 cases: nearby firsts, dozen, offered at 30a301%. Butter—Good to fai creamery, pound, 39a44; prints, 44a46; ladles, 30: store packed, 27; dairy prints, lof South | terests | Pacific_Mail Co. more than he takes out, his friends Easy Sales Effected. Ford officlals admit he has no par ticular plan for the distribution of bananas, but that fact is not worry- ing him. They say that when the bananas get here they will be sold as quickly as the coal from his Kentucky mines in Duluth and bensel from his coke ovens in Detroit Feeling of interests actively en gaged in the tropical fruit trade here, at Boston, Baltimore, New Orleans and other ports is that Ford's plan for breaking into the fruit trade have been misinterpreted. They believe that he will try and take fruit car. goes from the east and west o it of South America rather than from, the banana republics. Little Worry Shown. Such fruits come into maturity during our Winter when the auto trade south of the Equator is sup- posedly at its height. Dispatches to the writer from Boston indicate that the fruit men there do not regard the possibility of Ford's competition with the United Fruit Co. with ap- prehension. The United Fruit con- trols about 53 per cent of the Amer- ican supply. It produces its own fruit on its own plantations to a very large extent, ships it in over its own railroads and own vessels and in most instances it is already con- tracted for ahead. a remarkable distributing system. The fruit interests point out that | even if large cargoes were available | to Ford ships, the banana ports do | not offer desirable shipping points | for automobiles. They are situated in districts where jungle prevails, where there are few roads other than mule trails and where there ix small { market for motor cars and poor | means of distributing them. Distribution Big Problem. The distribution of bananas in this country is one of the most compli- cated and technical businesses in the vorld. One executive of the United Fruit Company, Vice President Charles Weinberger of New Orleans, for ex- ample, directs the movement of fruit throughout a large part of the United States, playing on raflroads, steam- ships and prices like a virtuoso on a piano. If he discovers a surplus of fruit, for example, in or destined for | Kanses City, he must divert ship- ments to other centers where there is a stronger demand. If Ford takes up the importation of | fruits from the east and west coasts America, where the main | omobile markets are loc he will have to meet the competition of | Grace & Co. and other shipping The Grace Co. is now completing negotiations for taking over the ves- sels which have been operated b: between San Fran- cisco, Los Angeles, New York and Central American and West Indian ports. FEDERAI.-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President Witaout Risk or Worry VERY dollar of interest paid promptly when due; every dollar of principle paid promptly when due--that is the 52-year record of The F. H. Smith Com- pany. Our First Mortgage Bonds, in de- nominations of $100, $500 and $1,000, now enable you to get 7% for any period from 2 to 10 years. ‘You may invest outright or un- der our Investment Savings Plan, which pays the full rate of bond interest on all py—.‘n. MAIL 'rnwum‘m The F. H. Smith Co. Founded 1873 No Less to Any Investor in 52 Years Smith Building, 815 Fifteenth 5t. 1 a29; rolls, 27a29; process butter, 33. Your Banker Knows. When in doubt about a sécurity consult your banker. It is equally as much his interest as yours ta pro- tect your savings. You trust him. with your deposits—why not trust “THE F.H. llll'l'fl COMPANY Smith Building, Washington, D. C. Hu-nndflyulmnbwt Smith Bonds and your Invest. e Savions Fian. The company has | | in- | 1l N, D. C, FRIDAY, REAL ESTATE_LOAIS RESIDENCE LOANS AT oW RATES FRED T. NESBIT INVESTMENT BLDG. Main 9392 Money to Loan Secured by first deed of trust on real estate. Prevailing injerest and commission, FIRST MORTGAGFS FOR SALE Denominations of $250, $500, $759, $1,000 and upwards Property the District of Columita JAMES F. SHEA 643 Louisiana Ave. N.W. Al Lew: Located 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- MAY tending over a period of ‘Thirty-Five Years —insures _your protection. Percy H. Russell Co. 926 15th St. N.W. o= =8 WANTED Second Trust Notes This company has funds available for the purchase of all kinds of second trust notes, sccured on real estate in or close to D.C. o o] Prompt Service Transactions Co. 713-15 14th St. N.W. ElWashington ‘!nveslment'zl ‘ 29, 1925. Quick, Courteous Action Y one;” Advancod Jor' Bavment of Tater™® oney “Loaned for Individusl and Corvorate istrict Financing Procurement | Company ! 219-223 Kellogg Bldg., 1422 F St.N.W. Tel. Main 8070 Established 1916 We Will Buy All or Any Part of 100 Shares Banking Trust and Mortgage Co. BUCK & CO. EVANS BLDG. 1420 New York Ave. Phone Franklin 7300 Dean Onativia & Co. Stock Exchange Building NEW YORK Stocks & Bonds Cotton Coffee Grain Sugar MEMBERS New Tork Stock Exchange Chicago Stock Exchange New York Curb Market Associa- ton N. Y. Cotton Exchange Chicago Board of Trade N. Y. Produce Exchange Minneapolis Chamber of Com merce Washington Office Main Floor, Woodward Building Phone Main 2040 JOHN CALLAN O'LAUGHLIN Manager Ower a Quarter of a Century Estate? Without a Loss B. Main 2100 A SAFE INVESTMENT What can be better than a conservative FIRST MORTGAGE on improved Washington Real see the security and let your money help the growth of the Nation's Capital. F. SAUL CO. FOR Invest where you can 925 15th St. N.W. i Willia D. Hoover. President Woodbury Blair, Frank W Stone, 24 V. Pres. Frank Stetson. Trust Officer Chas. C. Lamborn. Treasurer E. Percival Wilson, Secretary . Asst. Treas. Bruce Baird, Asst. Trust Officer Officer John W. Calvert, Asst, Treas. W. Hiles Pardoe. Asst. Treas. Herbert H. Smith, Assi. Sec'y. Alexander J. Fant, Asst. Sec'y. Jobn M. Boteler. ' Asst. Sec ‘Audley A. P. Savage, Auditor. Oldest Savin, ‘Woodbury Blair James. A. Buchanan ‘Wm. A. H. Church ‘Walter C. Clephane H. Rozier Dulany. jr. ‘Wm. E. Edmonston Franklin H. Ellis Frederick A. Fenning H. 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Higbie & Richardson, Inc. 816 15th St. N.W. Several New Issues Of First Mortgage Notes MER]T your special attention! As with all Notes issued by this or- ganization, these are fully protected by twice their value in conservatively appraised Northwest Washington resi- dential property. Thcy are available in convenient amounts at the maxi- mum prevailing interest rate. Consult our Loan Department BOSS ANb PHELPS HOME OF HOMES 1417 K Street Main 9300 MONEY TO LOAN IN ANY AMOUNTS Upon First Mortgages on Improved Properties In the District—Current Rates Prompt Service REALTORS And Mortgage Investments 713 and 715 14th St. N.W. Main 2345 The New York Life Insurance Company Offers to Make '"First Mortgage Loans on Improved Real Lstate In the District of Columbia and Suburbs for 3, 5 or 10 Year Periods Houses Business Properties SV%2% ON APPROVED SECURITY Apply RANDALL H. 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