Evening Star Newspaper, June 20, 1925, Page 13

FIN ANCIAL. FINANCIAL. NG STAR, WASHINGTON, D. C, SATURDAY, JUNE 20, 1925. South Carolina, bushel hampers and square bushel crates, No. 1, 2.00a2.50 Lettuce—Supplies limited, demand moderate: market steady. New York express receipts late, no early sales re- ported; Califarnia crates, Iceberg tvpe, 4%a5; dozen, 4.00a4.50; poor condition, gome slimy. 1.00a3.00. Peaches—Supplies light, demand moderate; market steady. North Caro- lina 6s, Early Rose, medtum size, some fair condition, 3.00a3.50; few 4.00. Potatoes—Supplies woderate, de- mand moderate; market about steady New stock North Carolina and Vir- ginia, Norfoik section, cloth-top stave barrels, Irish cobblers, United Sta No. 1, 4.00a4.50; mostly , few 4. ipplies ~ moderate; _de- mand moderate; market steady. Mis- ppi 4s and turning, wrapped, . 1, 1.75a1.90; No. 2, 1.50a1.50. Plenty of Watermelons. Watermelons—Supplies liberal; de- mand moderate, market about steady; sales direct to retailers, Florida, Tom ‘Watsons, 1.00; 30-pound average, to 28-pound average, 4-pound average, 60. ng beans—Supplies limite mand moderate, market steady Carolina and Vifginia, Norfol tion. five-peck hampers mostly 2 bushel sec. green, 2.00a Dewberries—supplies ligh good for good stock, market firm: North Carolina, 32-quart crates, best fair condition, 5.5026.50; ordinary con- dition, low as 4.00. Green corn—Supplies liberal; de- mand moderate, market fana, bushel crates, quality and condition, 2 orth Carolina and Florida, fair quality and condition, 2.00a2.50; poor- er low as 1.00. Strawberries—Supplies limited; de- mand moderate, market steady: North Carolina, 32-quart crates, ordinary to fair condition, 4.00a6.00. PRICE OF IRON ADVANCED. NEW YORK, June 20 (#).—An ad- vance of 50 cents a ton in the price of Youngstown Valley Foundry iron is reported for third querter delivery, sales of 3,000 tons having been made at $18.50 a ton. BERLIN CITY LOAN NEAR. NEW YORK, June 20 (#).—Negotia- tlons are nearing completicn for a $15.- 000,000 American loan to the City of Berlin by Speyer & Co., who will head the underwriting syndicate. Wall Street expects that the offering will be made next week. fair BOSTON STOCK MARKET. BOSTON, June 20.—Following is a 1ist of today's highest, lowest and clos- ing prices for the most active stocks deait in here: Amoskeag ... Arizona Com Calu & Hecla Copper_Range East Butte Edison Hardy e Coal Isiand Creek M P New Eng T & T....01 01d_Dominion s Quincy Swift & Co Swift Internat Enited Shee’ 3 ny Shoe M pfd Walworth * Warren Bros Winone COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY MACON, June 20.—Many middle Georgla peach growers are selling their crops at 32 to $2.75 a crate, unpicked. The prices for Carmens are holding up well, ranging from $3 to $4 a crate, picked. The crop is expected to he around 10,000 cars, as compared, with 16.000 last year. TULSA, June 20.—Mid-continent ofl production for the last week averaged 1%‘255.1., barrels daily, a decrease of 83,908, e R KANSAS CITY, June 20.—The Kansas City Raflway Co. has pur- chased 61 busses to supplement street raflway service. It is expected the company will be out of the hands of the receiver by October first. SAN FRANCISCO, June 20.—De- mand for cApning purposes has re- sulted in_an adyance in cahe sugar prices here to 6 cents a pound and for beet sugar to 5.8 cents. CHICAGO, June 20.—Scrap fron prices have had another decline here ‘with heavy smelting steel quoted at $15.50 to $16 and little grading at shat level. el 3.50; | Selling Welk. | i BY J. C. ROYLE. | Special Dispatch to The Stas NEW YORK, June 20.—The favora- ble factors in the week’'s news un- | doubtedly outweighed unfavorable re- ports, but while the bright spots in the business sky grew brighter, the ciouds over some few industries showed no Isigns of lifting. Perhaps the most | gratifying fact made evident was that | employment is thoroughly satisfactory |in the country as a whole. It has |droppea slightly from Spring levels, |but the level is still above that of the corresponding period of last year. Plenty of Farm Labor. This means steady maintenance of purchasing power on the part of the bulk of the population. The call for | farm labor has increased and the har- | vest demand has absorbed large num- | bers of idle workers. In some States, however, the word has gone out advis: ing college students who.put in the Summer In_harvest fields not to leave | home this vear, as the ranks are full. One of the best barometers of busi- | ness is the automobile manufacturing since it reflects purchasing power in a decided way. Detroit, cen- ter of the industry, telegraphs today |that latest reports show an increase of 1,400 workers in the past week, | bringing the total to 239,855, a new high record for this vear. This repre- sents a gain of 42,521 since January 1. Reports for the last month from 365 cities show building gains as compared with the corresponding period of 1924. Building Materials Higher. These figures are substantiated by the fact that building materials ad- vanced in price. Brick shot up $1 a thousand in this city. Linseed oil ad- |vanced 2 cents a gallon. Permits is- sued for construction jobs in 25 of the principal cities in the last month totaled $245,734,008 and the valué of contracts let in the last week for the |country reached $51,554,000. Lumber | production shipments and sales were |far ahead of this time last year. Structural steel awards have been | of fair volume, but the Homestead | and Duquesne steel plants have slowed | down. Capacity operation of sheet and tin plate mills is reported from Penn- sylvania points, and the steel hoop plants are running full time. The in- dustry as a whole is working slightly under 70 per cent of capacity, but few mill_executives expect the regular seasonal drop to go much further. Coal Industry Still Down. The soft coal industry continues in the depths, but, as was predicted in these columns, operators are turning to mergers and consolidations ta_cut costs and improve net returns. One such merger has been consummated in the last few days. The anthracite mines are speeding up slightly in preparation for any check, to .prodyc- tion through faflure to arrive at.a néw wage agreement in August. The textile industry in Neéw Eng- land also continues to feel depression. The present price of cotton is a slightly encouraging factor, but the mills in general are far from capacity operation. The woolen manufacturers are in slightly better case. Confidence in the future demand for wool and woolen cloth is in evidence, as is shown by reports received in textile circles that Salt Lake City banks are financing wool growers to enable them to hold for higher prices. It is likely that growers will not accept. at this time offers less than 38 to 39 cents a pound, and some are determined to hold out for 45. Silkk Makers Prosper. Silk manutacturers are riding high on the wave of prosperity with a keen demand for their products in evi- dence. The artificfal silk producers are straining every effort to keep up with new business. The shoe indus- try is beginning to feel the Summer slump, but the laying in of stocks in anticipation for the school. children demand of next Fall will begin shortly. The report of the Credit Clearing House shows that: purchases by the public in the last week advanced 2.8 per cent. The chain stores and mail order houses are enjoying excellent business. The movement of Winter wheat now is well under way and be- ing handled adequately by the car- riers. Fruit Crops Selling Well. Fruft crops are being advarnta- geously marketed and car loadings ate high. Canneries are active and the preserving demand in some States has sufficed to raise the price of sugar slightly. The decision upholding the lease. to Harry F. Sinclair of the oil lands in Teapot Dome is calculated to bring | improved sentiment among producers in that field, since it tends to allay uncertainty as to the program foi development of that section. : (Copyright. 1825.) FE IR n G&E conv_pf 153 Gen, Outdr A CA. 43 vic 12 ¢ Master Co Nat Leather i E s LT o -8 Sinz g 66 Serv Corp A 6 Sleep Rad vtcfs SouCal E .....1 & Stuts” Motor 3Swift Infl MINING. .7 Canario_Copper.. 5 20 Chine Ext Shines 56 . 23 Enk Goid M Ltd 50 50 Kay Copper Cor.. 24 10 Tono Min. FIRST MAY REPORT SHOWS GAIN IN RAIL EARNINGS NEW YORK, June 20 (#).—The Kansas City Southern, first railroad to report earnings for May, which is-gen- erally accepted as an indication of the trend of the month business for the carriers, increased its gross revenues 383,188 and showed a balance of $424,- 633 after taxes, a gain of $123,618 over May last year. For the first five months of 1925 balance after taxes amm;nled to $1,915,250, against §1,- 876,871, RAIN BREAKS DROUGHT IN BIG CROP AREAS Special Dispatch to The_ Star. NEW ORLEANS, June 20.—Rains in the sugar and rice districts have supplied those crops with much need- ed moisture, and the outlook for them is the best in_years. Cotton in Louisiana and Mississippl also was greatly benefited. BROOKINGS, S. Dak., June 20.—Re- cent heavy raine have‘ gredtly re- lieved the drought here which was es- pecially critical for small grains. Corn is making good progress. 'MORGAN BUYS. MORE MARLAND OIL STOCK NEW YORK, June 20.—The bank- ing house of J. P. Morgan has exer-| cised in part an option to buy 235,000 additional shares of Marland Ofl at $40 a share. The original option cov- ered 335,000 shares, of which 100,000 were taken early this year, and the option extended to August 10. Approx- imately one-third of the remainder has now been taken up. Stock ex- change transactions in Marland closed today at $45 a share, the stock sell- ing ex-dividend 75 cents. HUDSON DOUBLES INCOME. been said about the stock market sit- EARLY COTTON DROP IS SOON MADE UP Better Goods Market and Dry Weather Help Keep Fu- tures Strong. By the Associated Press. NEW YORK, June 20.—The cotton market opened at a decline of 4 to 7 points today, October contracts selling off to 23.07, under continuation of realizing reported for yesterday's re- action. Selling was promoted by relatively sasy cables and private forecasts for undettled and showery weather in the South, but offerings were much light- er after Friday's liquidation, and the market soon turned firmer on more encouraging reports from theé ecotton Eoods market and early weather ad vices indicating little rain in the Southwest. Initial losses were recov- ered. w York cotton futures closed steady at net advance of 12 to 26 points Jannary . March . July October Decemte Opening: January July, 23.33; Octobe; New Orleans Quotations. NEW ORLEANS, June 20.—Cotton opened quiet today, with prices un- changed to a 5-point advance on Oc tober. Prices improved after the open- ing call, due to reports of continued absence of rain in the drought-affect- ed portion of Texas. October went to 22,85 and December, 22,95, or 7 points above the, previous close. New Orleans cotton futures closed steads at net advance of 14 to 21 points. High Low. . 2308 288 Opening: January. bid . July, 23.46: Octob ARMOUR STOCK ACTIVE. NEW. YORK, June 20 (P).—Brisk buying of Armour & Co. shares, re- suiting in a substantial advance, has attracted attention in the street. A heavy turnover of about 30,000 shares in the class A participating common stock was said to have included 10,000 shares for Chicago_interests. Class B stock on the New Yerk Curb market also was active at advancing quotations. EVERYMAN’S : INVESTMENTS BY GEORGE T. HUGHES. Opportunities in Foreign Bonds. While the average price of domestic bonds is now higher than at any time since 1917, foreign obligations, gov- ernments and industrial, are below the high point.of 1922. The reason for this lagging behind of the foreign list is, of course, the doubt as to the for- eign financial situation which has pre: vailed for. the past two vears, and especially the state of “affairs in France. Foreign bonds are far more sensitive in market price to variations in .opinion as to fipanecial progress abroad than they are to changes in ‘money rates. So is comes about that the in- "Xo!;or Car Campany Reports on Three. Months’ Business. NEW_YORK, June 20 (#).-~Hudson Motor Car Co. more than doubled its income in the three months ended May 31, compared with the seme peri- od ‘last year, the total of $5,968,783 afte depreciation, Federal taxes and charges, contrasting with $2,699,610." This is equal to $4.52 a share, against $2.90 in the preceding quarter and $2.04 a_share in the same quarter of 1924. Net for the six months ended May 31 was $9,795,715, equal to .$7.42 a share, against $3.03 a share a .year ago. MERGER PLAN APPROVED. NEW YORK, June 20 (#).—Stock: holders of the American Gas Co. ves- terday gave formal approval of the merger With the United Gas Improve- ment Co. Stockholders of United Gas will take action on the proposal at a ecial meeting, pext Friday, EEN vestor can obtain as high a return on his ‘money in ‘a foreign Security today as he could in 1922, and the same can- not be sald of domestic securities. The natural inference from this fact would be that the risk in foreign in- vestment as a whole has increased, otherwise the average price of foreign nds would have gone up with that domestic descriptions. It is very doubtful if this is the correct inference. Probably the ex- planation is that it is a_ fallgcy to put al] foreign bonds into one class just because they are foreign, and that is what the average American investor is inclined to d‘;uhb; matter g(‘f:ftd t progress n e to f;:‘mstor&llon of normmondllibnl in many European countries, A notable instance is the return of Great Britain to the gold standard. The moral is that ttractive invest- ment opportunities abound in foreign of bonds, but that discrimination is es- | sentlal .. .- (Copyright, 1925.), | { ) | for butter for storage purposes, but so (Copyright. 1 Very Heavy Buying| In Special Issues | During Past Week| By the Associated Press NEW YORK, June 20.—Bullish demonstrations took place in a number of motors, rubbers and | public utilities. The Plerce Arrow issues were whirled upward to a new high level for the year in re. flection of increased sales and the improved financial condition of, the company. Heavy accnmulation also was noted in Hupp, Moon, Hudson and White Motors. American Tele- phone, Federal Light and Traction, American Foreign Power and Elec: tric Power and Light certificates also broke through to mew high levels for the vear. BUTTER PRICES LOWER. All Heavy Receipts Weaken Wholesale Markets. CHICAGO, June 20 (#).—The un- derlying nervousness which has pre- vailed on all the butter markets for the past few weeks came to the sur- face during the week and resulted in | sharp declines at all the markets. At the lower prices trading was far from being satisfactory as buyers were op- | erating cautiously and showing little interest beyond immediate needs. Ordinarily, during the month of | June, there is a fairly active demand far this month this demand has been rather limited. Receivers of butter contracts on the basis of the daily quo- tations were forced to send the bulk of these arrivals to the fore in order to make room for new receipts, as they found it almost impossible to sell these goods without taking a los The primary cause of the weak con- dition of the butter markets was that supplies were in excess of a ready de- mand. Receipts, while only slightly heavier than for the preceding week, were nevertheless greatly in excess of the demand and this resulted in an in- crease in the stocks on the street. Query the Promoter. H Determine how much of his own money the promoter is butting into his scheme before you decide to risk yours. Don’t take his word for it— make him prove it. NEW CURB SEAT RECORD. NEW YORK, June 20 (P.—The third new high record for member. ship on the New York Curb market within a week was established today when Frank E. Snow paid $15,000 for the seat of R. L. Bigelow, an ad- vance of $1,000 over the previous high transaction Money to Loan Secured by first deed ‘of trust on real estate. Frevaliing intereet and commission:’ seph 1. W \L. & Trost Jo: L Efler Bldg.. 9th & F N.W. INS : Fire. Automobile. Jewelry. Burglary. BOUTTABLE INVESTMENT CONMPANY, 202 Union Trust_Bldg. Kiain Gbon, Money Available for First Deed of Trust Loans 637 Interest Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. We Write Insurance 924 14th Talking About— 612% Interest Mortgage Investment Dept. SHANNON_;§~ LUCH S] 713 and 715 14th St. Main 2345 v . — - Prompt action — t— - e T e WE FINANCE PRICES UNCHANGED | [~ NEw YorK cURB MARKET | |Steck Exchange Makes Heavy [prres tyreicay | First Mortgage Loans [, % FINANCE R’ sl s e I g t% e ! X ) L || owest’ Rates of fntprost-ana Commiseien Large Loans a Specialty; o - Received by Privaty Wirs Dirjet 1 Yhe Shar' OMcs Draft on Credit Supplies,| - NATIONAL BANK ° || vomes o rubc & compans, 1. || ovie w2, S2ockel! o : I = . e 5 ’ 4 ? TAS" 10t Skxeet Higbie & Richardson, Inc. BY WILLIAM F. HEFFERNAN;, | while Niser Corporation was carried = e RESOURCES, $14,000,000 = 410 A5tk SC.3EW. 1 U1 NEW YORK, June 20.—Opetations | al0n8. f > » 2 ———jalc———]a]}l - il ; for the rise asain were concentrated || American Rayon protucts resched | Brokers® Loans Are Largest Ever Known. 1315 F Street o ja| o] i n speclalties today and those selected | the best 7 chich b ' ANS! f for leadership in most instances reach- | 100 per cent above the price at whic A i LE, President Lo 5 | Good Demand for ChiCen | e their highest prices for s st |it waa offered for public subscription. Week’s Moves Highly Irregular. J0BN POO! LOANS! Think of WELCH T A n B d E The demand for stocks of companies ational Pub;:[hers drelum;al 'l‘:s ‘urr; .r E thf 2 1 AN IR T R AW 1! ' ' ' ' of ] engaged in the electric refrigeration | ward movement and special buy = T oday—Butter and Eggs | gne: reflected better appreciation of | made tselt folt in Canada, Dry Ginger Predictions Differ. 006500000 LOANS!!! } Loan Specialist the outlook for the future of the in- | Ale, Libby Owens Sheet Glass, Good- M Lo Remain Steady. dustry. Kelvinator and Serve Bl were | year Tire and some of the packing ' . 1st and 2nd Trust Loans /il Vloney to Loan ey bid up sharply to new high prices, ' company stocks. . BY STUART P. WEST. uation is that it is hot in touch with : wm. B Made on residences, ; At 51/% d 6% | R " 2 business conditions. Quite the con- 2 an There is a steady demand for| NEW YORK, June 20.—Following FOREIGN BONDI- g8 s | SPecial Dispateh to The Star. o e P s e Cie o SECOND TRUST NOTES apartment houses and busi 2. | . Is an official list of bonds and stocks | 4§ SRR brance 72 85, 83, g% |, NEW YORK, June 20.—Fwa oppos-[ [0 (1ere bas been a careful cor " Funds available for the par- ness property. INTEREST Spring chickens, many. week end| 0 Fork G fench Nat 7s .. B3% a1 g213 |Ing views are taken of the Wall street ¢ : 4 chase of all kinds of second trust Perhaps our schems of refnancing Placing_or Renewing Your d in on the New York Curb| 10 French ¥ B2ip of speclal stocks and special business i & e, | Betore % % purchasers wanting additfonal sup-| Market today Zind M Bk Fin e 8% |00% 80% {position as it stands at the close of 20 “RECA - G Dot e fei ooty & will help you. Comsult us. I Ist or 2d Trust plies for their outings. Early morn- | s enin BoxDs, 2 g'{%%u?’n‘:“ PR e 34 ;r::v:':e:; One emphastzes the 1| By 10e™ e last “week the copper | @ Svek-ciae: < lll: N. L. Sansbury Co., Inc. I Consult WELCH, Realtor by s N a1 | thousan igh. W e vhic] ccy; . z g2 o S N.W. 0 Spe 51 Ing buyers today made their usual| "W, 7y oy gy {05 025 (09T | %V Rlem ma 7e'28 D6% 008 U813 | seams Niely Lo oecur. in coriain lineg|2Nd SMEItng group has taken note of | @ Washington Investment i Bk W AT “Gatek Kephiea: increased demands, but dealers were| 40 Am Gas & 0§ ofi oai] Lgwiss Govt 63e 1018 1018 1018 | 0"} oinass, The other dwells upon Lh"e up“nhrd tendency in copper | @ T . Reasonable Charxes e o sunmly ail paccons. Deateral 48 davh vy i | T ER O WL Mo SR G Pene, B T (Yoo ICT | prices, | The suear stocks mave given| $and Transactions Co. | [ L ] o wd YETRE S Taisasen report the recelpt of only a fairly 1Am Pel oo new. b7y p78 974 |Sals E change speculation has made upom |{If{RUOR to the | DL e o Y, * 2 good supply of large Spring chickens FAm Boll Min 6s.1ag2N 102%; J02 1100 Anglo Am On.. 23 23% 2& |the credit supply. o L Peak oo While' Smaller chickens, not much in| 3 42,9 &F i1 B 535 sego Ehtaks iy of 4. 28% 28% 2% | Tn'the main the price movement has | WOrd, Production are concernad. Tney :. M Y h brok ith the demand, are more plentitul and| ZAUGEW ISl 70, 707 20 ;;{,';";e;}*g;d new ity 180y 1081 been upward. But there have been|BT® feen inelined to accept the, view 900006 > not choose your mortgage broker wii cheaper. B BeATerbogty 3 3 1500 Humlle O & R.. 70% 69 {80 many exceptions that the marke! v ', while | e H i \ T T 75t toolsatty! fob adalers'ito D oL 1038 1088 €90 Jmp Oil Can new R 53R 580 ot pe descatbed in any other way myem‘.‘ :'.”‘,.?nff:"h:fii'éfllflk;‘hfl?' Whea You Have F i same degree of care that you exercise in forecast the probable conditions of “ap Nat Ry 78 18 111 0 Intl Pet’ Co Ltd 8% 26 E than as highly irregular, with the pro- = 2 ou ve Funds to o o o | £ha] molliie TR AE O e et o sere W 208 805 | 1 el @ L Zg: fesional’ Slement Suptiying most of | the stimulating ofect of low prices| Fovest, Consalt WELCH, selecting the family doctor? Wise and prudeat i July holiday season, when the de- ery P e <3 3 #3200 Qhio P a3 e initiative and with frequent shifts b . . . . oo nand is much greater than usual S R RS R Rt 13 from one group of stocks to another. Rails and Motors Up. Loan Specialist investing of your savings is next in importance to Persons familiar with the situation a Co N J @s . v 10 Solar Befin .. 234 Speculation Called Topheavy. In the chi ai - > _ B & Co Tls 104 104 70 S Pe Oil. 173 ¢ e chief railway stocks the in- . N believe there will be practically no| —Beic,*di, ' 51085 1055 1083 | 11 South Yesp Of nr_\“'-z Some very good critics are of the | centive has been the expectation that Established 1890 the comforts of good health i change in prices for the approaching 14 Detroit Ed 5s°B.. 997y 00% 991x | 23008 O Ind. 67 < opinion that brokerage loans, in con-| higher rates will be granted the car- Boliday A% dactetas n R al BEoe O e Ls e O e [l 30 SOk 1397 13 sequence of the great addition to the |riers in the Northwest, in order to ' : V% - ekl 2 3 P A 200, 0 90 have ever been. This, they point out, | tions of the country. eal e otes nd Are Issued in Amounts o to this ek Lamb prices were re. Tedo oS e Sl T 92 Sty constltutes a topheavy speculation,| With the motor and related shares [l ¢S o A e T e om duced last week, owing to the glutted 3Qmio Pow by B... g5 "84k g3 |falcs RN IEN which would be very sensitive to any the t:;uym's ha\: had in mind that 3257) to $1,000 or "DONNELL. MGR e 4 s this| BPrra SO e e ‘ B8 Am Maracaibo C 107 10% |bad news. But, assuming that no bad | combinations which will reduce over- up i 3 N2 ) A Sopionirestgren thevfores iprices A |1 pemizatic b3 R4S oeu ot | EoR § o “oceurs. the presens operations,| head sxpenscs ind "steengien b || Boe, CLO L Woek 13 Schulte 1t pf 88 100 100 e aimed at higher prices, could keep on.| present companies against increasing | i Mortgage Department ), e i 91 9 it Serv new 39 h & Today's Wholesale Prices. 3 Soss e, Be 102y 1034 192K 161 S v §x,:)3 Stack exchange houses may be bor | competition —are altogether logical. Consult Welch, Realtor — v, r 52; Stand G 8% 3 1 1Cit Ser B cfs .. 2 = £ # i , : store. packed. sash. o D S| gomas s BG4 L0G 108, i Cotumbian S3na ey T e atemtnt ot bt e o s fout the Loah Specialist Ergs—Fancy, selected, candled, 33;| o5 3u, 0} Sl | B4% § o AT : 10% |tbe New York Federal Reserve Bank | with developments, actual or antici-| [l 35¢h & N.Y.Ave. Main 4347 St S seaRs B e e SO 3 ]n]%} R Buclid ol do. 1} | showed a proportion of reserve to lia- | pated, on the outside. } et o S ko e Poultry—Aliv Spring' chickens Thyssen L ;l S 244 Gibaon - 78 bilitles of 83 per cent, which was - 4 eference: Any € Nolom s large; 45a50; medium, 45a48; small, 4 EiET § 180 ST On of .. 314 | nearlv double that of November, 1919, Foreign Exchange Irregular. | [l ‘mtie Co, tm ¢che District. * No o a43; Leghorns, 35; heavy fowl: 'S Rub (158 3 1011t 49 Lago Pet oF. | When inflation was at its height. 4 In h:wrnatlmn:u affairs the fflalures\l M T ulo TE ducks, 15; keats. 40 to turkeys, Rub 0is X 1014 Mirgay Oil = Credit Resources Large. ave been the apparent stabilization one Service Until 9: M. % Q2 o - figa 09 3, 1 Mex Panuco geese. 12a15. Dressed ¥ o0t 9 Mount "Prod ' ! %1 1In no recent vear have mopey con. |Cf the pound sterling close to the old-| K Main 9 B 2 Pe c : 1% | the S % G hat 0 muc 3 ; 5 ikl B . SR, 37, |the berter ciass of nvestment honds, | COVErS. from the extreme low of the | 2/0 Spring, 13%ald; hos: v 4 : ] 2 Keifir Fas Oil.. 238 | 1mex United States governments, | J¢30; & cline o alia . Meats—Beef, 17a18; veal, 15; Spring 23 Ry By 8 0Ty eTn 8 Red Bank Ol .o B0 | ere e e oo™ ton, Bovernments: [iire to a new low point for 1025. First Trust Notes y lambs, 50232 hogs. ioins, 31| = 1 S el brod {4 | despite the present extended position | [The position of Italian finances s FOR SALE The Prud Comp In 2; hams, 27a29; s - e 4% |on the stock exchange, the credit re- - p— e 2 o % ence an C 5 9 Venezuelan Pet » e But it may be made clearer when € rru y = Fruit and Vegetable Review. 20 West States Oil.. . P sources are only slightly lower now |BU Y De .made i by these carefully Today's market report on fruits and 2 Wileox 0 & G n. 3 than they were at that time. Tl L rouentieingrts) Sndl i eelostad, Igh grade residence f New York bles (compiled by the Market i e T e e s i e properti s S by 5 5 INDUSTRIALS. anticipat check nt Wall |18 3 ae- ANSPRRS L vioe Enrehn oT A ETicuTtEal oy | Street enterprises from " the momey |tivity in internal trade Italy has been 12th St. N.W.,, $400.00 Economics) sald: 12 Am Pow L nw % | market. The enormous expansion in |obiiged to buy more foreign raw mate- Illinois Ave. Invites Applications for m::{;\ml"&msm;fisrllg?m 1!'&1‘1:(1‘-““!!:' $5Am Bayen Prod ;: loans secured by bond and stock col- |Fals and that the financing of these N.W. $1,250.00 nvil PP anc good : s i 3% [ lateral is a sobering factor, and years |Purchases has involved-the exchange Mt. Pleasant - Imperial almon Tints, 1 ago, before the formation of the Fed- |of lira for foreign currencies on terms District, $3,750.00 Construction Loans Jambos, ":‘:,”,Sl‘l} i H ¥ | eral Reserve system, it would have lesa favorable to the former. o Bryant St. N.E., $4.000.00 T Refi = 3 < : 36t 5 s I L U e American loan to Italy ha = e L L l E But the fact remains that, despite |effect in steadying the price of the 16th ISt NW., 1 $4,000:00 Long-Term Refinancing poor condition soft, all sizes, 50a2.00, el i i P ks |[lire. In the same way the American able loan mvestme: A offe foer S Labor Abundant — Retail| 1§ Shthisice el B B e e A D e e At ayancn ob ot 1 ene Amorican| . graiio lonn sovpsymente sof fer Amounts of $50,000 and over Cucumbers—Supplies light: demand 3 Common P C [ 165 1633 | with borrowed funds, the credit re-|was held up as a threat o the short subject to prior sale. Other con’ 7 = 1 ki h Venient amounts lght, market steady; Virginta, Nor | Sales Heavy—Fruit Crops ommon P C’ bt i $33 | serves are extraordinarily large. interest in the franc, has not operated D.s 2 ;olk :f‘ctl‘on h0;b3d33‘~wkv t?‘ufl:’é The most untrue thing which has|the way it did a.year ago. has. . Dager ampers, fancy, 2.75a3.00; North a % : > FRED T. NESBIT Houses Business Properties ANos321 Commectiout Hoenue: of All Kinds We are i a position to- cover you * against _loss from any source what- ever. Tornado, Fire, Burglary, Ele- vator Liability, = Automobile, = Boler Explosion, ‘Loss of Rents and even TR e ol SRR ick’ service and_promp! of claims. 'WHY., WORRY? - peFTione, 15 and represcntative ‘will explain our contractss > Insurance N.L smsw'ii’f‘i:'"o;," iNc. 1418 Eye St. piloting a durance! When you.are contemplating your next investment you should consider our first . mortgages, because they are safe and now yield 615%. SWARTZELL I~ First Mortgage Loans on Improved Real Estate In the District of Columbia and Suburbs for 3, 5 or 10 Year Periods SY2% ON APPROVED SECURITY Apply RANDALL H. HAGNER & CGOMPANY MoRTGAGE LocaN GORRESPONLENT Endurance has been one of the chief attributes of champions. In the field of out-of-doors it has played an important part. It was this characteristic which brought Callizo, . Gourdu-Lesseure through clouds, ice and sleet to establish a new altitude record of 39,586 feet. And in caring for the money of investors, endurance plays a no less important part. Ability to foresee contingencies, to come -through times of storm and stress, has made possible Swartzell, Rheem & Hensey Com- ‘ pany’s record of 56 years without loss to an .investor. Honesty endures through the years. EEM&HENSEY (0, et NW 56.Y ears Without Loss to An Investor Loan Correspondent Investment Bldg. Main 9392 The New York Life Insurance Company Offers to Make Apartments Office Buildings yl&fiMM 9700. & SRR AR aeroplane, plane, En- C.