Evening Star Newspaper, June 18, 1925, Page 27

FINANCIAL. NEW SWEET CORN FINDS RAPID SALE Melons Increase and Prices . Come Down—Beef Un- changed Today. Liberal supplies of cantaloupes and watermelons were the interesting fea- ture of today's fruit market, direct sales of watermelons to retailers re- sulting in lowering prices. Water- melons have become so plentiful the past few days that the ‘‘red-ripe watermelon-man” {s in evidence on the stree! Prices as low as 50 cents were reported. Cantaloupe prices covered a wide range. Top fruit from Imperial Val ley, Calif., brought as much as $4.25, while the cheapest stock sold as low as §1. Corn Finds Ready Sale. Limited supplies of peaches from North Carolina found a moderate de- mand and steady market. Some of the fruit is particularly attractive. The choicest stock brought as much as $4.50, the lowest price quoted being Supplies of green corn from Louls- fana and Texas are much more lib- eral. The demand is good and market shel baskets brought $: quality, North Carolina stock, brought $2.75 and $3 a crate, some fair quality selling as low as $2. Today's Wholesale Prices. Butte: tub, 51; store packed 230 E: vy, selected, ave > receipts, 31 Poult Alive — Spring chickens lar: ; medium, 45a48; small, 4 #43; Le s, 35 heavy fowls, ducks, ens, lar medium, 48a50; small, 45; turkeys, 30; duc ; geese, 15. Live stock—Calves, 8l; lambs, Spri a14; hog: Mes 17al lambs, 30; hogs, 2115a22; hams, 27a29; shoulders, Fruit and Vegetable Review. Today's market report on fruits and vegetables (furnished by the Market News Service, Bureau of Ag- ricultural Economics) says: Cantaloupes—Supplies liberal; de- mand good, market about steady; California, Imperial Valley, Salmon Tint; jumbo: 5 few 4. : 65, 4 andards, , 4.00a4.25, andards, . 3.75a4.00, mostly 3.75; ponys, bis, tly 3.00; standard flats, 128 and 9s, 1.35a1.50. ; demand t firm; Virginia, Nor- hotbed stock, bushel hampers, 2.5023.00; North and South Carolina, bushel hampers, 2.00 82.50 Lettuce — Supplie: mand moderate, market steady York, 2-dozen crates, Big type, 1 50, according to and cond ;' California, crates, Ic berg type, all sizes, best, 4.00a4.50; poorer, slimy, 1.00a3.00 Peaches pplies moderate; de- mand moderate, market steady; North Carolina, bushel, Early & 4.50; prints, candled, 33; de- New Boston moderate; plies liberal; demand t fairly steady. New rolina and Virginia, orfolk section, cloth-top stave bar- h Cobblers, U. S. No. 1, mostly 4 some ordinary condition low as String Bean Demand Light. Watermel —Supplies libe mand moderate: »t steady; sales direct to retai ¥ ia, Tom Wat- #ons, 32 Ib. avera mostly 28a30 1b. 1ge, 90a1.00; average 4.00. Beans—Supplies market steady; North| Virginia, Norfolk sec- ck hampers, string! 3.00a fair quality, 2.00a3.00, = 6.00; poor to or d condition, 2.00 a4.00 Gre s liberal; mand moder Louis jan: orth Carolina, few 3.00; few bigher. light; demand steady; Virginia, 60-qt. strawberry de- rro oderate; market Norfolk _section, crates, COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY HOUSTON, June 18.—Fruit buyers have offered to contract for the entire east Texas erta peach output at $1 a bushel, or 10 cents higher than obtained a year ago SACRAME and apri pect to their crops thi ing to t DENVER, June 1%.—The Colorado apple crop is now rated at 78 per cent | of normal, or 10 points lower than a year a The average condition for the entire country is only 66.4 NEW Gulf Sta ine 18.—Peach s State ex aller portion of | - than usual, ow- r fresh fruit. ORLEANS, June 18.—The Terminal and Transport | un work on tanks with a capacity of 165,000 gallons for ng liquid cargoes shipped to and from this port. CHICAGO, June 18.—Secrap iron prices have eased off 25 per cent here and now are quoted from $16 to $16.50 ETNA GR Ind., June i8.—The peppermint crop of north central In- diana, the principal producing section of the United States, will be less than one-third of normal this year. Hun- dreds of acres of plants were damaged by late frosts and drouth. PARIS BOURSE UNSETTLED. PARIS, June 18 (#).—Prices were unsettled on the bourse today. Three per cent rentes, 43 francs 15 centimes. Exchange on London, 103 francs 38 centimes. The dollar was quoted at 21 francs 21 centimes Five per cent centimes. CLOTH MORE ACTIVE. NEW YORK, June 18 (Special).— Cotton goods markets were a little more active today at steady prices. Print cloth quotations were un- changed at 9% cents for 64x60s and- 10% for 68x72 Raw silks declined 5 to 10 cents a pound in a quiet market, save for the Cantons which were unchanged. _— What Experts Buy. Trained investors always buy se- curities that have a substantial loan value. One of the surest methods of determining the value of any stock loan, 52 francs 95 quality | BY WILLIAM F. HEFFERNAN. NEW YORK, June 18—The usual daily new high records were estab- lished on the curb exchange today. The new Canada Dry Ginger Ale, Cuba Co., Nizer Corperation class A, Chapin ~ Sacks and Miller Rubber reached their best prices for the year. The last named advanced spectacu- larly on reports that a new pool had been formed in the stock. American Rayon Products was a NEW YORK, June 18.—Following is an official list of bonds and stocks traded in on the New York Curb Market today: 107 2 s, Allied Pk 8s 8 Alum_Ts e 48 Am 6 Am & Am 26 Am 1Am Gas & Sumat 1Am Roll A 1 Am Thread C 6s 14 Andian Nat Co 88 12 And ‘Nat C_Gs ww 100 3 Ass Gas & El 658 2'As Sim Hard 6138 20AG&WTSS bs S Beaverbd 8s . 1 Beaver ' Prod 7 1 Belgo_Can Pap 1Bell T Can 1 Beth Stl 7s 41 Botany Cons 6lgs 4Can Nat Ry %48 1CM&STP 5en Wi 8 Cin i Cities J25SE SEanroeSs5s0anoot: & S SeNe ) RS S S R RS F A O RSB S BBk R GRS R B RSB L BR SR RS ST 24 N J s 1 Cuban Tel 7338, . 100 3 Det City_Gas 0s.. 1051 3 Detroit Edison 68 10 Detroit Ed ss Bwi 7% 33 Duniop T & R 7s 1051 3 G Rony e, 101 et s 7 Grand Trunls 635 10adf 3 Hood Rubber 7a. 10443 1 Lehigh ~Pow s 1014 4 Manltona Pow 75 104 3 Mani Pow 75 W.103% 19 X T B 04 StL 6 C116% States P 6155 1033 N Sta SPM 6l3s C 11687 7 Ohio Pow s B... 10kla G & E Bs. 1 Pen PLL 55 D 5 * PR FEETTE Ve Ee g e smorohesssSsssen: P ESEE # i= o505 1SlossSheff 6s.... 72 Stand G_& E 6155 130 S ON'Y 033 @Sun Ol 5153 I Swine & ca Qil I& tt e~y =S S . S Lk IS ¥ 3ECo00550o00 00t Sk 52550550000 2ZSI22ESE2E2 S 52200 A omzt0r *& oSo0con. EERENET F E FAE oboons 2835353 Frerrss 1 Webst Mills 6 FOREIG ine Mon 3G Ind MBk Finl'd 75 10 Mor Bk Denmk 6s R'of Peru Bs ' Russ Govt 6% Russ G flas n'c 1 Siem & Hal 75 '28 08 m & Hal 7s '35 9513 olvay&C 6s "34 B 103 1Swiss Govt 5lgs 33 Toho El Pow C 75 Sales in STANDARD OIL ISSU. units. 1000 Anglo-Am Oil. .. 10 Borne Scrymser 180 Buckeye P L.." 8600 Cont O} _new 40 Cumberland P L 14 10 Eureka P L.... i 25 Galena Signal Oil 5 ) Galena S O pf old 10 3700 Humble O & R.. 7 1700 Imp Ol of Can n 30 Indiana P L... 5000 Int Pet Co Ltd.. 0 Magnolia Pet. 0 Ohio Ol 700 Penn Mex Fuel 3800 Prairie O & G 1 450 Prainie P L... 30 South Penn 90 Southern P L 20 ik & SHTEITES IR LIS o FF REF © orSebireoni 0S 0 Ohio ..... ©0 Swan & Finch. . 400 Vacuum Oil ... Washington Stock Exchange SALES. 1 Praction 5s—$500 at 87 % Cobrvetown Gas 55—$1.000 at 65, $1,000 (“onl, 55—82,000 at % r. 7 413500 8t Electric 100%,, 32,000 at 100 Polomac Electric & 108, Washington Gas 6s '33—$500 at 103 Wahingion “Rwy. & Elec. 45—$500 at Chpital Traction Coo—10, ot 98%, 10 at 083, 10 at OR%. 6 at 98 Washington Gas Light—3 at 60. 10 at 60, 80 at 60, 4 at 60, 10 av 60, B0 at B0. Washingion Rwy. & Elec. ptd—30 at 83,10 at B3, 2 ai K3, 8 at 83 Riggs' National Bank—10 at 351, 10 at 352, 10 at 353, 10 at 363% . 2 at 3533 nston Mouotype—1 at 83,2 at 83,3 at Bid and Asked Prices. BONDS. PUBLIC UTILITY. » Bid. American Tel. & Telga. 45... 97 American Tel. & Telga. 4348, 86% Am. Tel. & Tel. ctl. tr. Bs.... 101% Am. Tel. & Tel. conv. 6s..... 132 Anscostia & Potomac 55 Capital Tr. : City & Suburban bs Georgetown Gas 1st Bs. Potomac Elec. 1 : Potomac E Potomac F Washington Gas Washington Gas 6s.. Wash. Rwy. & Elec. 4s.. Wash. Rwy. & Elec. gen. MISCELLANEOUS. Pot. Joint Stock L/'d Bk. bs.. 101 Rigis Realty 5s (1ong)...... , 08 Rikgs Realty b (short) "' 108 uthern Bidg. 6%s..... 0. 101 ash. Mk, Cold Storage 5s.. 93 Wardman Park Hotel 6s..... 101 PUBLIC UTILITY, STOCKS. 143% 98 & ash. Rwy. & Elec. Wash. Rwy. & Elec. pfd. Terminal Taxi com........ NATIONAL BANK. National Capital. Columbia Onmmereial District. Farmers & Federal-American .. Lineoln "3 National ‘Metropolitan, TRUST COMPANY. American Security & Trust. Continental Trust. = Merchants’ Banlk National Savings Union Trust. Washington Lo BAVIN: ree ... Gont W ashingior Security Saving Seventh Stree United States. Washington M¢ FIRE INSURANCE. American . Corcoran fremen’s ... Nutional Union TITLE INSURANCE. Columbia Title. Real Estate . . MISCELLANEOUS, D.C Paper pfd............. BB it 115 & Btorage. 138 Mergenthaler Linotype 9y Natl Mtge. & Invest. pi 10 Old Dutch Market com. Old Dutch Market pfd. is to seek a loan on it. If your Manker declines to consider it as collateral vou can rest assured its marketability does not amount to much. 4 a3 Lanston Monotype. Beeurity Stor: ;.fl\llnm arke! oW Cab.... “*Ex dividend. Merchants' Trans. ' THE NEW YORK CURB MARKET Received by Private Wire Direct to, The Star Qffice feature at prices not far from the top figures of the preceding day. Buying reflected better appreciation of the expanding use of the company’s produpts. - Oil shares reached their best prices in the first half session following overnight reports that crude oil quo- tations would be advanced today. The heavy demand for Kay Copper at record high prices was coincident with a further advance in copper metal quotations and the favorable developments at the mines. ——— e O AN Sules INDEPENDENT OIL STOCKS. in hdrds A 75 Am Maracaibo 0% 53 zh Y " 21 Am Contr Oc BArk Nat Gas 2 Carib_Synd 0 Cit Serv new 34 Columbian Synd 5 Cons Royaities 7 Creole Synd .. 20 Crown Con Pe wi 1 Derby O & Ref 1 Derby O & R pid 6 Eyelid Oil Co 45 Gihson Oil C 3 Gilli'd O v t cf 60 Glen Rock Oil. . . 35 Gulf Oil Pa ex d. 10 Kirby Pet 38 Lago Pet .. . 1 Mex Panuco 4 Mount Prod ... 2 Mount_Guit . 30 New -Bradfd Oil 8 New Mex Land. GNY Oil.. < 5 Peer Oil" Corp. . 11 Pennack_ 01l Cor 70 Reiter Foster 0 10 Red Bank Oil. 7Roy Can O & R 2 Salt Ck Cons. 13 salt Ck Prod. 20 Sun Oil . : 3 Venezuelan Pet 10 West St o1 8 Wileox Oil & P SRR P e e fiote 8- [ PR gen) 13 s 13 i iz P ip e D Brocen! £3 13 13 AL £ ST IR Nyt -0 Y 53 e D i FEEE @ 00 0N 5 e e Eonltn EEE 2 Adirond Pow 3 Adirond P pf vi Allied Pack new 273 Am L & Trac.. 4% Am Po & I new Am Pow & L, pfd 41 Am Rayon Pro.. Superp 4 Superp B . Thread C pt &CBvte 1 Armour Leather. 30 Asso_Gas & El 4 Al Fruit = 4 Boissonnault G G 1 Borden & Co new 6 Botany Cons M. 1 Bridgeport Mach 11 Brit-Am Tob Cou e v S - & hapin Sacks Co 43 atterton & Son 20% hic Nip A.... 38% Chic_Nip B tr 151y CMSP n pf vt wi 274 Chrysler Co will8iy Cleve Auto . H Commonwith P C 1671 Common P C pfd PCanw ! jotetd 1 128 o, 3 Con G Balt nw 7 Continen Bak A. 1347 80 Continen Bak B’ 15Contl Bak pfd. 100% Cuba Co ....... 47 2Cub T V vic. . 84 Curtiss Aero’ M. 5 De For R (c] 1 Dubilier C & R.. 2 Dunhill Int] 1. 50 500 ot ” SESNIERE LS FESEE B Fare 09y OO TR ok vz P o = rimes R & C Happiness C St Hazeltine Cor Heyden_ Chem ! Inter Conti Rub 1Intl Concr Ind C 1Intl Match € Iy cul B ones Radio Kelvinator Kraft ch Pow sec vie1 high Val Coal 2 BS-am al el e L o '™ PRIttt * EoopenBiok H2uok FEFFT [ Nat Pow & % Nat Tea Co . 3 Y Tel Co pid. ) Nizer Corp A . 13 North 0 Pow €. % Nor States B €. 6 Nor Sta P C war Nor Ont L & P.. Oppenheim & Coi 8 Pathe Ex Inc A 13 Pen Wa P Cexdl Pow Corp of NY ' B 1 Pow Secur Cor. 1 Prophylac Brush 1Pug Sd P & L 3 Purity Bak A 6 Purity Bak B 3 Reid Ice Cream. 3 Rem Noise T C A 1 Reo Mot 2 Rosebaum Gr C inger Mfg Ltd. rv_Elec Corp A Southeass P& L1 So Cal Edisen.. 1 St Regis Paper Stand "Pub 8tutz Motor. rses S I IS e e e U Y ACH e e 12 S a* it RN O AR ‘_ BatmtEERTENEZESS W ONWIEWER OF R e e e - 2 [y oo G % S D B e e e S e I B B % SEssiE Tt D) FESNIEAE RN NEER N e SE S 10 voho SERLR2E355! 3= O SR ESSE S S - C new pt wi 3Yel Taxi C N Y REEE RREE R 5 Eng Gld M Ltd i 40 Fir Thought G M . 80 Forty-nine M 208 Kay_Copper Co; 1 Mason Valley. 1 Nipissing ... 1 North _Buite. 2 Ohio Copper ', 20 Parmac P M if 5 30 Am Gold & 60 Spearhead Gold 10 8tand Silv Lea 1Tono Extens 4 Touo Min - FETE * EXTRA ON INTERTYPE. NEW YORK, June 18 (P.—The In- tertype Co. has declared an extra dividend of 25 cents a share on the common stock and the regular pay- ment of 25 cents, both payable August 15 to holders of record August 3. ka4 MERGER PLAN DROPPED. NEW YORK, June 18 (#).—The proposed merger of Penn Seaboard Steel and Eastern Steel, which has been under negotiation for months, is understood in the financial district to have been abandoned. CURRENT MONEY RATES. NEW YORK, June 18 (#).—Call money steady; high, 3%; low, 3%; ruling rate, 3%; closing bid, 3%; offered at 4; last loan, 3%; call loans against acceptances, 3% time loans steady; mixed collateral, €0-90 days, 3%: 4-6 months, 3%a4; prime com- mercial paper, 3%a4. FLOUR PRICES ADVANCE. MINNEAPOLIS, June 18 Flour, 26 to 35 higher at 8,66 barrel, Shipments, 39,300 barrels. Bran, 28.00. SMALLER PEACH GROP 15 FORECAST Latest . Reports Indicate Yield Will Be 11 Per Cent Lower Than Last Year. ‘The outlook is for a moderate crop of peaches. According to June 1 con- ditton, slightly over 47,000,000 bushels are forecast, which is 11 per cent less than last year, but haif a million bushels above the five-year average. Compared with the 1924 crop, big- gest decreases appear in the uegion starting with New Jersey and Penn- sylvania and extending south into Georgia and west through Kentucky, Tennessee, Arkansas and Oklahoma. Espeefally light production is forecast in the Virginias. Though less than last year, a bet- ter than average crop is expected in Georgia, North Carolina and Arkan sas. Prospects are fairly good in New York State, Texas and Alabama, while decided gains over last season are reported in Missourl and Cali- fornia. The California crop of 16, 000,000 bushels may prove the largest since 1922, Georgla growers expect ahout 7,000, 000 bushels, compared with the heav. crop of 8,342,000 bushels in 1924, Prices have been holding well, part! as a result of relatively light a rivals. POTTER LAUDS PLAN FOR ST. PAUL ROAD Former I. C. C. Member, Now One of Receivers, Likes Bank- ers’ Proposal. By the Associated Press. NEW YORK, June 18—The bankers' plan for the reorganization of the Chicago, Milwaukee & St. Paul Rail- way is an excellent one and should be executed without unnecessary de- lay, Mark W. Potter, former inter- state commerce commissioner and now one of the three receivers for the road, said today. After an intensive study of the proposals, Mr. Potter said he had been completely won over by the program of the reorganization managers and was convinced it would stand scrutiny from any angle. LIFTING RECEIVERSHIP NEXT WILSON MOVE NEW YORK, June 18 (#).—The re organization plan of Wilson & Co., Chicago packers, has been declared operative. The time limit for deposit of securities and stocks, without pen- alty, has been extended to July 15, {after which the reorganization com- mittee will glve its entire attention to the task of reorganizing the new company and arranging for lifting this receivership. DAIRY PRODUCTS. BALTIMORE, June 18 (Special)— Live poultry—Spring chickens, 35a50; Leghorns, 30a40; old hen 28; Leghorns, 23a24; old roosters, 1 ducks, 14a20; young ducks, 28a30; fancy creamery, 5a47; ladles, 32a33; store packed, 201,a30; dairy prints, 30a32; rolis, 30a32; process butter, 35. $35,000000 1§ PAID. NEW YORK, June 18 (#).—The Cities Service Co. announced today that it had virtually completed the payment of $35,000,000 in cash and stock under the plan announced sev- eral months ago for redeeming scrip dividends to its stéckholders. The agreement entailed the payment of $10,000,000 in cash and the remainder -|in stock. PAPER CUP SALES JUMP. NEW YORK, June 18 (®).—An in- crease of 30 per cent in sales for the first five months of 19 compared with the same period last vear, is re- ported by the Tulip Cup rporation, one of the largest manufacturers of paper drinking cups and other sani- tary containers, — . LUMBER ORDERS GAIN. NEW ORLEANS, June 18 (Special).— Southern Pine Association mills last week showed a decrease in production to 68,000,000 feet produced. New orders increased 9.3 per cent, to 78,000,000 feet. About 71,900,000 feet were ship- ped, and unfilled orders total 229,700, 000 feet. NEW YORK DAIRY PRICES. NEW YORK, June 18 (#)—Butter— Easy; receipts, 16,601 tubs; creamery higher than, extras, 42%a43; extra (92 score), 42; first, (88 to 91 score), 140%adly Egge—Irregular; receipts, 34,712 cases; nearby hennery white, closely selected, extras, 42a44; nearby hennery browns, extra, 39a4Z; Pacific coast whites, extras, 42a44. . DIVIDEND IS SHIPPED. NEW YORK, June 18 (#).—Di- rectors of the Chicago Nipple Manu- facturing Co., have omitted the quar- terly dividend of 75 cents a share on the class A stock due at this time. President Williams explained that the company’s business was expanding and additional equipment was neces- sary to increase output and profits materially. ‘WOOL PRICES ADVANCE. BOSTON, June 18 (Special).—The raw wool market today econtinued strong, with the feeling persisting in the trade that mill needs still are un- satisfied, though buyers are showing more caution as prices trend upward. Fleece wools at 52 to i3, grease basis, are up 4 to 6 cents compared with last month's low, SILVER OUTPUT STEADY. NEW YORK, June 18 (#).—Pro- duction of silver in North Amerieg and Peru during May ameunted to 16,606,497 ounces, against 15,775,365 in April and 15,6569,590 in March. The monthly average for 19256 was 15,401,- 367 ounces, compared with 15,950,100 in 1924. Stocks in the hands of United States refiners on June 1 were 557, 670 ounces, against 632,644 on May 1. BUTTER LOWER TODAY, CHICAGO, June 13 (#).—Butter— Lower; receipts, 9,927 tubs; creamery, extras, 41%a42; standards, 42; extra firsts, 40a40%; firsts, 38a38 onds, 35237%. Eggs—Higher; receipts, 12,784 cases; firsts, 28%a29%; ordinary firsts, 28; ;;c%rm pack, extras, 31; firsts, 80%a OFFERING IS TAKEN. NEW YORK, June 18 (#).—Public offering of an issue of $1,250,000 first cent bonds of Oifl Co. of Texas EVENING STAR, WASHINGTON, D. €, THURSDAY, New Wheat Brings [NEW W.,B. & A. HEAD $1.75 Per Bushel; _First Rye $1.25 Special Dispatch to The Star. BALTIMORE, June 18—A small lot of new wheat from the Rappa- hannock section of Virginia, the first of the season, arrived on the local grain market yesterday. The lot was sold to C. J. Landers & Co. at $1.75 per bushel. The first new rye of the season, a small lot of 30 bushels, was also received, and was taken by the same buyer at $1.25 a bushel. First new wheat of the season last year sold at $1.15 per bushel. COTTON QUOTATIONS ARE HIGHER TODAY Liverpool Cables and Drought Re- ports Cause of Good Buying. By the Associated Press. NEW YORK, June 18.—The cotton market opened steady today at an ad- vance of 12 to 17 points in response to higher Liverpeol cables than ex- pected and reports of better business in cotton goods. There was liquidation 4t the start owing to reports of show- ers in the Southwest, but later advices suggested there had not been enough rain to do much good and after selling off a few points the market quickly turned firmer. There was covering or rebuying by vesterday's sellers, with rather a bet- ter trade and commission house dé- mand promoted by very unfavorable crop advices from droughty sections of Texa. New York cottor ures clased bare January . March July Déthber December .. January 56: Octover: § 3 New Orleans Quotations. NEW ORLEANS, June 18.—With Liverpool higher t due, cotton opened fairly firm, with prices 19 to 24 points up. Further advances to 21 to 34 points were made on news of clear and hot weather in the western belt, July' going to 24.00, October 23.05, and December 23.15. At the end of the first half hour of trading the market was very steady, with prices around the highs. New Orleans cotton futures closed steady at net advance of 26 1o 38 Doints High. ' Low. 33%Y4 230 PIERCE-ARROW HEAD DENIES MERGER PLAN Forbes Also Declares Dividend Talk on Preferred Is With- out Foundation. By the Assoriated Press. BUFFALO, N. Y., June 18—Presi dent Myron E. Forbes of the Plerce- Arrow Motor Car Co, today flatly de nied reports, attendant upon continu ing activity of the company's stocks in the New York market, that his firm had inaugurated negotia‘ions for a merger with any other automotive company. No such action is pending, or has even been thought of, he said. Mr. Forbes also characterized as “nonsense” reports that the Pierce- Arrow company would declare divi- dends on preferred stock and that re- tirement of prior preferred stock had been considered. The firm plans to clear up existing bank loans before considering the dividend policy, he said. FLORIDA’S BIE;GEST HOTEL SOON TO BE ERECTED NEW YORK, June 18 (®.—The American Bond and Mortgage Co. an- nounces that plans have been com- pleted for the erection of a_10.story apartment hotel at Palm Beach to be the largest in Florida. The new structure will assure accommodations to replace those destroyed in the fire at the Breakers Hotel last Winter. First mortgage $2,500,000 bonds will finance the project. TODAY’S COFFEE PRICES. NEW YORK, June 18.— Copper, electrolytic spot and futures, Tin, steady; spot, 56.12; futures, 55.87. Iron, steady, unchanged. Lead, steady; spot, 8.25a8.40. Zinc, easy; East St. Louis spot and futures, 6.95a 7.00. Antimony, spot, 16.50. TODAY'S POULTRY PRICES. CHICAGO, June 18 ().—Poultry, alive, unsettled; fowls, 23a25; broflers, 28a39; roosters, 141: turkeys, 20; ducks, 20a30; geese, 28. ! —_— TODAY'S SILVER RATES. LONDON, June 17.—Bar _silver, 31 11-16 per ounce; money, 3% per cent; discount rates: Short and three-month bills, 4%a4 7-18 per cent. e PAYS $14,000 FOR SEAT. NEW YORK, June 18 (P).—An. other high record price for member. ship in the New York Curb Market was reported today when George J. Little paid $14,000 for the seat of Stephen Tilton. A membership was s0ld_yesterday for $13,900. Money to Loan Secured by first deed of trust o estate Brevailing interest and. mn{'m'Eflon. 420 Wash. L. & J L Bldx.. 0th & ¥ N. I I FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President MONEY _QUICK PROCURED Tl 3 USienmgint for ‘puyment ug. "Low commiseion Loan Procurement Co. 204 Kellogg Bldg—1422 F St N.W. Open_Evenings, 7 to Courteous_Service. WITH ROAD 20 YEARS Doyle Choice of Retiring Presi- dent—Advanee in Securities Reported. Special Dispatch to The Star. BALTIMORE, June 18.—The elec- tion of James J. Dayle as president of the Washington, Baltimore & An- napolis Electric Railroad, to succeed George T. Bishop, has been weil re- ceived in the financial district. Mr. Doyle is sald by his friends to be thoroughly conversant with the needs of the territory the system serves, and will iinmediately set about to strengthen the property. He has been connected with the road nearly 20 years, serving as vice president gnd general manager for much of the time. Mr. Bishop, who b. ‘omes chairman of the board, has other important interests, and has been anxious for a long time to pass the duties- of the position to some one else. He wanted a man famillar with local conditiens, and believes that Mr. Doyle is the man to succeed him. The reaction in the securities mar- ket was an advance of 23 paints in the quetation of the 5 per cent bonds, 4 points in the preferred and 1 peint in the common stock. . RATES ON BAR SILVER, LONDON, June 18 (®.—Bar sil- ver, 3111-16 per ounce. Money, 3% per cent. Discount rates: Short bills, 4% per cent; three-month bills, 43 a4 7-16 per cent. ——— ‘WOOL BRINGS 44 CENTS. SAN ANGELO, June 18 (Special).— The first public sale of wool here this vear saw 30,000 pounds of wool seld t_44 cents to Boston dealers. 6'%2% First Trust Notes properties: $400.00 N.wW, Bryant St. N.E., $4,000.00 sirable loan investments and offer Venient amounte Secured by these carefully selected, high-grade residence 12th St. NW,, Ilinois Ave. $1,250.00 Mt. Pleasant District, $3,750.00 16th St. N.W., $4,000.00 ‘We recommend these very de- them for immediate delivery, Eubject 1o prior sale. Other con: has. D. Sager 924 14th Main 36 't P inate! Don’t Procrastinate! | Make up your mind that you will [l be fully protected from every U of lo ‘omorrow may be Loo te. We are fully equipped to give you rotection in all lines and suggest hat you act promptly. It is better to _be safe than rTY. Phone our Insurance D!Ballm t and representative will call and cheer- fully talk over the matter with y N. L. Sansbury Co., Inc. Phone M. 5904 1518 Eye St. N.W. “Provide for Old Age Invest in Cafritz 612% First Mortgage Notes Yon are sure to_get the return of vonr principal plus a income. Interest nevks mailed 10 our investors on the day it e due._ Notes naw on hand in amounts of 5100 to $5.000. C. L. O'Donnell, Mgr. Mortgage Department Realters Phone Service Until 9:00 P.M. 14th and K Main 9080 Mortgege Bond & WASHINGTON, D. C. (inssspovated wade~ the lws of T} 256,890 Shares 8% Cwmadabve Pre- fosvnd Beath, Per wyine . . PO0.00 $3,500,000 156,000 Shaves Common Stock, Vo valine s10.00 —with a mind entirely free of business cares, if you desire. A Vol- untary Tee- ms as col- lection of incame, pay- ment of fixed charg insurance, taxes, etc. “Talk it over with our Trust Officer before making Sum- mer plans. §8pecial Dept. for Ladies. 39% Pai National _:::ve..ou Metropolitan Bank ’ 15th St., Opposite U. S. Treasury on Savings 6Y5% FIRST MORTGAGE ~ NOTES EVERY Note is- sued by this organization is fully secured by twice its face value in care- fully selected and conservatively ap- BOSS b HOME OF 1417 K Street praised residential property in North- west Washington. Holders of these Notes are receiving the maximum rate of interest now pre- vailing in the Dis- trict of Columbia, with assured safety of every dollar in- vested! PHELPS HOMES Main 9300 Convenient to all parts of business and finan- cial district. Especially suitable for. Insurance, Buildery Realtor Offices. Saul Bui]dind 925 15th St, NW. Reasonable Rent. B. F. SAUL CO. Main 2100 925 15¢h St. N.W. - INTEREST is an attractive return. ‘When accompanied by a high mar- gin of ea.fety.?tui\: doubly desirable. $132.50 buys one share of preferred stock plus one share of common stock in the Mortgage Bond & Guaranty Corporation. The preferred stock bears an im- mediate return of 8%, and the com- mon at.ock, w_rith its recognized potential eaming power, promises a constant increase in value. Fizst Mortgageahave played a lead- ing role in the building of our nation's greatest edifices. are the back-bone of Washi 's prosperity today. And the Mort- gage Bond & Goaranty Corpora~ tianvoperates only in this.one type of conservative security. Thisissthe first opportunity-ever offered to the in-?atin putglic to