Evening Star Newspaper, June 10, 1925, Page 27

FINANCIA SROPS ARE RUINED | INNEARBY STATES .ocal Market Gets Reports of Severe Heat Damage in Some Sections. Continued dry avoc with grow :gatables. It 1@ strawberry seas s that not eatly redu . One shipp: d to a dozen bar- ls of peas he had on hand this orning, called attention to their tked condition and said he doubted he would be able to get a sale for em. From certain sections of Mary nd and Virginia reports have it that rmers have lost practically thefr en- re growing crops because of the eather conditions. Hot weather has caused a decided crease in the demand for smoked eats, the demand always increasing | this season. High price of hogs in the West, it stated, has caused an appreciable icrease in the number of hogs aughtered, and smoked meat prices wve” advanced a cent the past few ys. Fresh cuts of pork are not in ch great domand, dealers report, and ‘ices have not advanced Today’s Wholesale Prices. Butter—Fancy, tub, 61; prints, ore packed, 2 Eggs—Fancy, selected, candled, 33 5; average receipts, 31a313. Poultry—Alive, broilers, 45a48; white £ weather has played | ing small fruits and| n and so badly the popular vege- find ready sale atj 40a75 rkeys, 23a25 geese, 12a15; ducks, 25! dressed fowls, 30; tur stoc edium. 10all; lean, yring, 13%ald. Live hogs, 12. Meats—Beef, 17a18; veal, 18; Spring , 21%a loins, 31a32; oulders, 18a20. Fruit and Vegetable Review. 's market report on fruits and s (furnished by the Market Service, Bureau of Agricultural nomies), said: antaloupes—Supplies liberal; de- and good, market weaker. Cali- rnia, Imperial Valley, Salmon Tints, mbos, 36s, 5.00a5.50. mostly 5.50: mbo, 455, 6.00: standard, 36s, 4.50a )0, mostly 5.00; standard, 45s, 5.00a 30, mostly 5.50, few 6.00; jumbo, flat, , and standard, flats, 12s, 1.75a2.00; andard, 9s, 1.50. Cucumbers—SuppHes light; demand nited, market slightly weaker; Vir- nia, Norfolk section, hot-bed stock, ishel hampers, fancy, 3.50a4.00; oice, 2.25; South Carolina, bushel mpers, No. I, 2.00a2.50. Lettuce—Supplies light. demand oderate, market steady; New Jersey, lozen crates, Big Boston type, falr ality, 2.00. Onions — Supplies _light; demand ht, market steady; new stock, standard crates, Yellow Ber- ., United States, No. 1, mostly 15; old stock, Egypt, approximately 0-pound sacks, Yellows, mostly 6. Potatoes Are Cheaper. Peaches—Supplies light, demand od for good stoc! market firm; »rth Carolina, sixe: Red "Birds, zdium to lar, sizes, 5.00a5.50; some or condition low as 3.5 Alex- ders, medium to large sizes, 3.75a {5. some poor condition low as 2.50. Potatoes—Supplies moderate; de- and moderate, market slightly saker; new stock, North Carolina, >th-up stave barrels, Irish cobblers, S. No. 1, 3.75a4.25; Virginia, Nor- Ik ‘section, cloth-top stave barrels, sh. cobblers, some medium size, 30; some decaved, low as 3.00. Tomatoes—Supplies liberal, demand od, market slightly weaker; Missis- >pi_fours, ripes and_turning wrap- d, No. 1, 1,75a1.90; No. 2, 1.50a1.60. Watermelons—Supplies moderate; mand good, market steady; sales| rect to retailers; Florida, Tom | atsons, 30-pound average, 1.25; 26- pound average, 1.00al.ll 24-26 und average, $0a1.00. [HEAT FORECAST IS MALLEST SINCE 1917 yvernment Sees Little Grain for| |Export, According to Present | Outlook. choice, 10%: . Lambe, [The total wheat crop of the United forecast by the Department at £61,000.000 bushels, since 1917, and 212, han produced last year. ommenting on the forecast, the p_reporting board stated that “the uirements of wheat for domestic sumption do not greatly differ m this amount,” indicating there juld be little or no wheat for export g m this ye: crop While the barley t year's production, those of oats, , 'hay, peaches and pears are aller. Vinter wheat fared badly through- | most of the belt during May be- se of low temperatures, deficient isture and plants weakened by the Verse Winter conditions. Produc- fn of 407,000,000 bushels is forecast jm the June'1 condition, which was |5 per cent of a normal, or 10.5 |nts below the May 1 condition. tetail Food Costs Show Advance In 15 U. S. Cities| dt Lake City Prices Up | 3 Per Cent—Mobile Reports Decrease. Advances of less than half of 1 per it to 3 per cent in the retail cost and May 15 ve cities were | y the Labor Depart. | int, with decreases in five others than half of 1 per led.in the advance, ingfield, Ill., registered increase. Mobile prices Jreased 2 per cent, and Memphis orted a drop of less than half of er cent. or the period between May 15, les were 13 per cent higher, lead- the 20 cities. tail food prices in Washington eased 1 per cent. For the year od from May 15, 1924, to May 1925, Washington registered a rise | & per cent. ashingion topped the entire p of 20 cities in the comparative about terminated | _ & rop is larger than | | W Received by Private Wire BY WILLIAM F. HEFFERNAN, NEW YORK, June 10.—On the curb market today operations for the rise were clearly in the ascendant. It was the oils that displayed more strength as a group than any other quarter, this because of the fact that the latest figures on domestic crude output had showed a falling off on the one hand, and on the other hecause of NEW_ YORK, June 10.—Following is an official list of bonds and stocks traded in on the New York Curb Market today: BONDS, & EIl 6s. T - FIEERCS oo o w3 = Sooote SRR Bt B Do 0020000 13 P H ML DO SO TRRE D! ¥ RSO AR Yrragciod 100K FE FHSTE PEESIFE FF F 28 SEE ¥ 155 re etroit City troit Ed E A R e o e b 25T OGO FAEY A St e b SE FAIRNE R U I F R F IS 2R el SHIEFSE #FF IF PIEE TS 1 1g Win r e Yfanitoba Pow B I ) 0050250 Coo00! B i R R o CrtReet -y SRRt eSS e CoeECteoonEcut el cBauel CovancSoh s Sua ol 85550 000! Sharers B > SRR Rk FE FELEFER e o e e T Ty Tt SoSseguroeca: =3 2ERESE3R2323053R22R32 = v ooBens kol (et - & F 2 TR FEEEE IS STEER & SEE2RLIR2IRIE bt bt 83355258585 es5 00 55553 FREFEE RRFER i DO5505! 32322 0. % WA, AR w0, 150502 EERLEE R 5EEG665855555 (o IO o P - FNUPRIIRY L PP Y- IO 8 o000 w0 FER Lo H 1 9 Sonoy: EER 4 Sooo: & B2 2 Boasssses332528 D00 Pt Alpine Mont S 7e ity Graz 8 Est RR France 78 French Nat d M Bk Fnl F>3 EREAR ! ey 222283002 s ) BSEIRILLIRRBLER ©OCODOMLDOBREDY EEEEREEERR B mn Salesin STANDARD OIL ISSUES. units 300 Anglo Am o1l 100 At Loboe - A5t o S2VRBL o 8! FERRSE & R 10600 S O Indi 6003 O Kansss. 7 Kentuck: Nebraski o o Ses @t FeBEBSZ Sales INDEPENDENT OIL STOCKS. in hundreds. 130 Am Maracaivo C 934 3’2 5 5 % i 13 Ark Nat Gas. 3am Cont Oil. 2 Carib Synd . Washington Stock Exchange o 6. 5_st 98. Somin o, Oyt 0% Bt % at 30° 1072050, 70 at 5950 at b0 Yaskineion, By & 8% ‘Manston 'Mono: 10 at 83, 10 3. % . 20 at , Stergeninaler iusmve—fi at 176, 5 at " atonss Mige. & Inv. pIe.—100 at 9%, APTER CALL. P—gl.500 at afi:&:};flm sfl( "33—$1.100 at 102, sagu.u'éni?“‘asm‘. & Inv. ptd—80 3t OX. 10 at 9. at . i k—5 at 335. Flees Sagtone] B2 3t 348 a0 170, Sationar Mige. & Inv. pfd—o0 3t 9% Money—Call loans. 5 and 6 per cens. Bid and Asked Pric 5. ‘ BONDS. PUBLIC UTILITY, . American Tel. American Tel. el & Tel. etl. tr. Am. Tel. & T8 “eonv. “Asked. & Telga. 45.. & Teiga 4% Georgetow! Potomac El Pot Wash Wash Wash Wash STOCKS. PUBLIC wm'o Tel. & Telgn. . 140 é.mencanh-zgo“ gsfi Wash. Sieamboat. 243 & Elec b3 NATIONAL BANK. National Capital 20 Columbia - 4 3% Commercial District - TRUST COMPANY. Ameriean Security & Trust.. 3 Cnl\flgen:fl Blnk Siional Saviogs & Trust Trust . . ..oz Washington Losn & Commerce . East Washington, St Lty 3 & venth Sll;ee'. 'states - e “Mechazics’ Washington FIRE INSURANCE. 7 > and 1825, Salt Lake City food | N u enthaler Nai el atfonai Morts. & 7 of food at present compared with laverage cost in 1913, food costs|Security -baving:risen 59 per cent mlfl E%.. Old Dutch Market ptd Lanston Monotype {tra dividend of $10 the NEW YORK CURB MARKET Direct to The Star Office the belief that higher crude oil prices could be looked for as a result of the heavy demands for crude and the re- fined product from storage, Glen Al- den Coal and Delaware, Lackawanna and Western Coal were actively dealt in, following announcement of a pro- posed merger of the two companies. Among the speclalties Kelvinator was bid up sharply again on reports of greatly increased earnings. 8 3% o i 1 % 3 3 1 8 3 1 ” a3 PIESS i o folo ot FEEE B R g PR Qi 0il Corp. o et i of Ball ey Lo, e - oo r Ol Corp. .. anok Ol Corp oyal Can O & R . yau Con .. E28. 1 ] 3+ b5 % T @ o P PE . TRRRENE E TSR P % oSG Sme 252 FEE TR RE R EELERER e secoxe S FoEREEEET: 3223 Fa e S-S oor B e BEEEEERBEEER £ 5 5 * A ety Sntic Fruit - issonnault G ¢ D & C new wden & Co Ris oy Cons M. tany Con M A o Scivacly 1t-Am Tob - TC res 9 emscaes SISO E PR N e s 43 23 ie 195 ER2 2% 3 - e e oo s o g 5 3 * sy ey St cho £ SFIre ok s 158 000 080 VRO A HE S B O D s Bor o - o FF R E T & W2 ke i £34 & SB35 185153 PERFEPE L 2 o, i - 1om 2 e5Se0 1 BIZERIEE n- £ & m..., H 995, % - ® EE e b e v Reoroni g £t S wE Bt SeRig pead TR FFEFE F e R ¥ ae B ! {xlyl FEFLE o 3 - B2 NSRS L B e SRS s Ssm i FEFREEES * & 9 1o 1o SBZ5ENEERSES o *F ERE T ey & F FESER o 22 1RO o 003 e Fo oot 15 e ) ey o ibrary M vte wi ercantile Stores 1 1 Box ... S om0%s 1oz ETd 33 ERtE T Soo REREE X ORR S AERE OV H 15352, B2 S 01 B0 grnaw, Sen b SRERS EFOBEE SEEEN SRS 8182380 SR 0 ar Rualine 1 Mooy 1 Mot Pic Cap C.. 13 Music Master €. 1N Serv A 5 Nat Pub Serv B 6 Nat Pow o FELEE 2 15 OB 19Dt s 5 131 b D G130 3 1 DD DN LI (3 DD D s b e 30 I oo 10 koSO D e m 1 1omis o oo Fid F EF FRyan 1 Re RN m Koise 17 Reg. Motor <. 1Sica & P n'vte 1 Singer Miz s 7 Singer. w FaR3n ok e BB hAn RS E R SR8, 9 s Doy o © ki © 88352 Rmas 2R 5SS S Ee RE Ea S TE St S 2 858858 ®» Poon BrDm o 2! E R R RER PEEIERFR FF FR BRI 13 oo Dm 1 B Sinmm s 30 Gt S B S D o FIRTFGE FFR FEFERRE & Fid A ™ 1 Tenn E P 2nd ppatins 1 ' *6 o e BB ING: 1312 BB-1 3 DR DBD R S 1o ROFSESF FEF FREFFEL B F8 I8 w8 8 repre o 1ommonan - < Fres gt 3 4. BRI 11 Dt ® it SCHULTE NOTES SOLD. Books Already Closed on New Real Estate Offering. Special Dispateh 1o The Star. NEW YORK, June 10.—Dillon, Read & Co. announced that the issue of ISlU,DBO.OUO Schulte Real Estate Ce., Ine., 10-year 6 percent sinking fund gold notes (with common stock) has all been sold and the subscription books closed. FIRST DIVIDEND VOTED. NEW YORK, June 10 (#).—An in} tial quarterly dividend of 75 cents & share on the convertible participating Class A stock of the Nizer Corporation has been declared, payable July 1 to stock of record June 20. ngs are running ahead of last year, and it 48 expected action will be taken short. z&mding a dividend on the class B $10 EXTRA ON SINGER. NEW YORK, June 10 (P)—An &x- _was declared to- ILARGER INCOMES FROM CROPS SEEN Wheat May Yield Better Re- turn Than Last Year. Fruit Prices Up. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, June 10.—It still is too early to predict accurately what the financial position of the farmers of America will be during the last half of this year. Weather conditions here and crop and financial conditions abroad may change the situation de- cidedly. At present, however, the out: look for the American farmer is ex-| tremely good. | The estimate of the Department of | Agriculture crop report indicates it i | certain that the world wheat carry-| over will be smaller than usual and the domestic carry-over may be under. 55,000,000 bushels, and the European | crop may easily amount to 200,000,000 busheis more than that of last year. The Canadian crop has got @ good start and the Argentine and Aus- tralian yields still are problematical. The world markets really set the price for American wheat, for if do- mestic growers have to sell their sur- plus abroad the price they can get for it there dominates the price it will bring here. Good Wheat Prices Seen. ! With little or no surplus above! home requirements, however, the price of wheat bids fair to be at a level which will yleld the farmer adequate returns. ‘It is true wheat TOSe to the $2 mark in 1924, but few of the growers obtained anything like that price for their crops. It is a fair assumption that 192¢ wheat did not yield the farmer more than $1,090,000,000. The 660,885,000 bushels estimated for this year at present gne- would yield ~something like 1,090,460,250. Any damage to the crop from . this time on or a failure in other big pro- ducing countries would tend to send the price to higher levels. The re- port of the Department of Agriculture therefore would not seem to indicate any falling off in the total buying power of the wheat growers this year. Smaller Fruit Yield Likely. The season is not far enough ad- vanced to Indicate the probable corn yield. Acreage probably has been increased, but damage by unfavorable weather has occasioned much replant- ing. Country offerings of corn have recently increased, but the use of sub- stitutes for stock feeding has been widespread owing to high prices. There is, however, little to indicate lower prices in the immediate future. The prospects for large fruit pro- duction_are less favorable than last year. But fruits are being marketed to better advantage this season. Yields from various sections are not coming on the market at the same time and | distribution is better. The canning of | fruit has been given impetus by the| low prices obtaining for sugar, and experts anticipate the growers will receive as much, or more, for their fruit as they aid last year, Decrease in Farm Debts. Cotton got off to a good start, with estimates of productfon high, but the weather will have the last word to say in respect to this crop, as is the case with most others. The oat yleld is expected to be high both in Canada and the United States and the an- ticipated heavy production of rye in Europe is a bearish factor in this n. Ax to the position of the farmer himself, it is far more favorable than at this time last year. At that time many agriculturists were heavily in debt. They were forced to uss a large part of the money received from the 1924 crops in clearing their loans. Now they are in excellent shape 1.naa. clally and have shown indications of buying freely when the harvests are over this autumn. COTTON QUOTATIONS ARE AGAIN LOWER Reports of Further Rains and Easy Cables Weaken Today's Markets. By the Associated Press. NEW YORK, June 10.—The cotton market lost all of yesterday's advance in today's early trading. Relatively easy Liverpool cables and reports of further rains in the Southwest caused liquidation, with a renewal of.local and Southern selling. July sold off to 22.82 and Octobef to 22.30, net declines of 35 to 42 points on the active positions and a break into mew low ground for the move- ment for October contracts. Offs tapet off somewhat after initial selling orders had been absorbed. New York cotton futures closed barely steady at net decline of 55 %o 40 Sointn Opening: January. 308" 88%5 "o ¥ 0. Oetover, 22.37: December. 23. 22.65. New Orleans Quotations. NEW ORLEANS, June 10.—News of further rains in the belt, including heavy precipitation in the Guif coast region of Texas, led to renewed sell- ing on the cotton exchange here to- day, forcing prices down 37 to 46 points. July dropped to 23.32; Octo- ber, 21.90, and December, 21.95. The active. but weak opening showed 100ses of 27 to 39 points. New Orleans cotton futures clossd steady 3t et decline of 18 to 43 points. §—January. 22.0: a7 July, 23.40: Gctober, PARIS MARKET PARIS, June 10.—Prices were firm on the Bourse today. Three per cent rentes, 44 francs 25 centimes. Ex- change on London, 99 francs 10 cen- times. Five per cent loan, 53 francs 20 centimes. The dollar was quoted at 20 francs 822 centimes. Money to Loan first deed of trust on real e i iniecest and commionion: Joseph L Weller §20 Wash. i Frompt Action | 2 First Mortgage Loans Lowest Rates of Interest and Commiseion Thomas J. Fisher & Company, Inc. ' SECOND TRUST NOTES PURCHASED AT CURRENT RATES — PROMPT ACTION UNION FINANCE C0. -1410 H_ St. ;N.W. Trust [alc—xu-=]|c———] STOP WORRYING About Financing Your * Property ‘We have ample meney to losn rusta. o] ::‘P?r‘h:uE lau\.t:ndn wit sotve [ Consult Our Loan Dept. N. L. SANSBURY CO., INC. 1418 Eyé St. N.W. Maln 5004 FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President Money Available for * First Deed of Trust Loans 617 Interest Prompt Replies to Applications JAMES F. SHEA MONEY TO —on First Mortgages on improved property in Washington. Cur- rent rates. Prompt service. {SHANNON & ToCHY) 713 & 715 14th St. N.W. Main 2345 MA!E .““hdmr: security, the and the maturity you want by planning now for the investment of your July funds. Current offerings of Smith Bonds e you the opportunity to get %'.witbprovnnf evidenced by our record of ne to any investor in 52 years. ‘Youmay investin maturitiesfrom 2 to 15 years, and in denomina- tions of $100, $500 and S'l’.:;):; No deposit is required on reserved now for July delivery. Mail the coupon vov The F. H. Smith Co. Founded 1873 No Loss to Any Investor in 52 Years S8mith Building, 815 Fifteenth St. THE F.H. SMITH COMPANY - , Smith Building. Washington, D. C. Ple, 4 descriptions of currenoferiags of 19 Pt Mortyese Boods to: Name ..o Address District Loan Procuremert Company Eaty - dg., 1422 F St. N.W. E;fln;nals: '1]:5-' -Bouz Quick Actfon First Morgg\'age Loans thington‘Real Estate We always have on hand an adequate supply of money to loan at lowest rates of interest; and we are now loaning our money at 5%%. E. Quincy Smith, Inc. 909 15th St. Telephone Main 9057 FINANCIAL The Prudence Company, Inc. of New York Invites Applications for Construction Loans Long-Term Refinancing Amounts of $50,000 and over FRED T. NESBIT Loan Correspondent Investment Bldg. Main 9392 How are your dollars employed? Let us assume they are de- posited in a savings bank where they earn 3% interest. True, your money is working, but it is doing ing, only onehalf the work of which it is capable. Can you afford to lose the 3% or 3%% that is rightfully yours when your dollars are in- vested in our 612% First Mortgage Notes Consult C. L. O'Donnell, Mgr. Mortgage Department AFRITZ COMPANY Realtors Phone Service Until 9:00 PM. l4th & K Main 9080 e — WANTED Second Trust Notes This company has funds availzble for the purchase of all kinds of second trust notes, secured on real estate in or close to D.C =] ] Prompt Servi il E1y ashington InvestmentS e Transactions Co. 713-15 14th St. NW, 6% Gold Debentures Due March 1, 1940 Largest gas and electric utility in State of Oklahoma. During past ten years gross earnings of properties in- creased over 262% and net earnings over 222%. Annual gross earnings now over $8,000,000. Balance avail- able for interest on_this issue over 3.2 times requirements. Price 98!, and Interest Yielding 6.15% Further Details Sent Upon Request for A-571 E. H. Rollins & Sons Founded 1876 New York, Philadelphia, Denver, Sam Framcisco Boston. Chicago, Homes Apartments 1430 K Street N.W. Applications Invited For First Mortgage Loans On Improved Property From $10,000 to $1,000,000 Interest Mortgage Loan Department Wardman ConstructionC Office Buildings Business Properties 0. Main 3830. Equitable Co-operative Building Ass'n i JOHN JOY EDSON, lnludlg.'n P. Subscriptions for the 88th Issue of Stock Being Received $ystematic $aving $pells Success —in saving. The systematic plan of the Equitable has resulted in many who were formerly de- pendent NOW INDEPENDENT. Thus, it is evident our saving plan is the best for results. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbe in Montgomery County, Md 5_1_ 2 /0 INTEREST '.flpply To H. L. RUST COMPANY LOAN CORRESPONDENT She PRUDENTIAL INSURANCE COMPANY of AMERICA 912 15th Street N. W. The New York Life Insurance Company Offers to Make First Mortgage Loans on Improved Real Estate In the District of Columbia and Suburbs for 3, 5 or 10 Year Periods Apartments Office Buildings SY2% ON APPROVED SECURITY 4Apply RANDALL H. HAGNER & COMPANY | MORTGAGE LoaNy GORRESPONDENT Ao 32 Commectivut Hoernue ToluphoneHMain 5700, Houses Business Properties We Have AMPLE FUNDS For Large Loans - BY%% On Improved Property in the District of Columbia WEAVER BROS. 735 15th Street N.W. Would a Lawyer Do His Client’s Dental Work? THE answer is plainly —NO. How many owners of apartments try to manage their properties—or have them managed by some one inexperienced in-this specialized business? How can the owners meet the situation? They can't—successfully. They are not equipped for it. If they give it the time it demands it will be at the expense of their busineds and other duties. - APARTMENT MANAGEMENT is a distinct profession calling for specialized training, concentrated attention and a special ‘type of organization to meet all problems of the business. For Thirty-two years we have specialized in the MANAGEMENT OF APARTMENTS B. F. SAUL CO. Main 2100 925 15th St. N.W. S -