Evening Star Newspaper, June 22, 1925, Page 23

FINANCIAL. TRY WEATHER TS MARKET SUPPLES Vegetables Remain High at Wholesale—Meats Same as on Saturday. Uiffects of the continued hot and dry teather are still much in evidence in local markets. Vegetables are ivthing but plentiful or cheap, deal- ~rs report. and anxiety for the late ob is being expressed. It is reported that some growers hiave made three plantings of tobacco i1nd vegetables in nearby Maryland und Virginia. Some plan a fourth planting, it is stated, while some of the disheartened ones have almost nbandoned hope of having any suc- this season elling this morning was not par- ticularly -brisk, consumers living on left-overs fi unday. Prices were from lly the same as those re- ¥'s Wholesale Prices. tub, 51; prints, 52; selected ge receipts, 31. Poultry—Alive candled, 33: - Spring chickens, 5a50: medinm, 45a48; small Leghorns, 35; heavy fowls, keats, 40 to 75; turkey: 4 Dressed: Spring chick medium, 48a50; small, turkeys, 30; ducks, 20; geese, 15. Calv $ii; lambs, hogs, 12 18 veal hogs, 211z shoulders, 15; Spring loins, 3la 18420 Fruit and Vegetable Review. Today's market report on fruits and vegetables (compiled by the Market au of Agricultural Supplies heavy; de- market slightly weaker; Tmperial Valley, Salmon 455, 4.25a4.50; few jumbo 45s, 4. standard 1l hod. rn stand. 4.0 ripe jumbo 45 acumbers— liberal: 1 limited, market about steady nia. Norfolk section, hotbed bushel hampers, fancy, 2.75a choice, and South rolina. bushel ha nd square hel f: 30; choice, Lettuce- moderate, m: doz. crate. de- k. ipplies limited; demand rket steady; New York biz Boston type, most- rnia, crates. lceberg type, poor condition, 1.00a 200, Peach Market Steady. Peaches—Supplies limited: demand rioderate, market steady: North Caro 4, sixes. Greensboro, arly and Carmans, best, 4.00a4.50; Gr toros um size, some soft, irious varieties, some soft, 2.00a Georgia sixes, Hileys, small to dium sizes, mostly 3.50 Potatoes—supplies moderate mand moderate, market steady: new stock North Carolina and Virginia, Norfolk section, cloth-top stave bar zels, Irish cobblers, U. 8. No. 1, 4.00 &4.50: few 4.7 00 Tomatoes pplies limited: demand noderate. market steady: Mississippi, fours: ripes and turning, wrapped. N i, 1.7521.85; some medium size, 1.50a 60; South Caroli sixe: \ing, wrapped, fancy count, 3.7 choice count mostly 3.00, few Florida, sixes, ripes and turning, ount. 4.00a4 me de upplies demand moderate. market steady s direct to retailers: Florida, Tom Wat 30 and 32 1b. average, mostly ;26 and 28 Ib. average, 75 eac bulk per ewt., Tom Watsons. 40 and Ib. average, fine quality and condi tion, 4. Plenty of Green Corn String Beans—Supplles light: de- mand moderate, market steadv: North d South Carolina, bushel hampers. n, best, 2.50a ordinary qual and condition. Virginia, Norfolk section, green. holdovers, 2.50 Dewberries—sSupplies very light: de wand good, market firm: North Caro lina, 32-qt. crates, poor to ordina condition Gredn literal miand moderate, market steady: Lou. iana and Texas, bushel baskets, 2.50 3.00, mostly North Carolina ates ', 1.50a2.00; few hest, 2.5 “lorida, crates, fair qual- ty, 2.00 : Lima Beans—Supplies light: demand moderate, market steady: South Caro- lina, bushel hampers, 3.50. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. o1 de. Utilities Popular. Startling statistics were made pub. tic the other day by the American Gas Assoclation with reference to the amount of new money invested in public utility securities during the first four months of 1925. The record ~hows that sales of stocks and bonds of public utility companies to em- ves, customers and the general from January 1 to April 30, were at the rate of $5,000,000 a undays and holidays included. This confirms the testimony of the stock market during the same period when public utility shares were ad- vanced to record high prices. Never was this class of security so popular with investors it has been this vear. In large measure this public confidence is ed, particularly as relates to the electric light and v ver industry. The demand for the fces these electric light and power companies supply is steadily increas- ing and the limit is not vet in sight New uses are found for electricity 2imost daily and the earnings of es- tablished companies show steady and Jrogressive increases. All this admitted . real danger that leads on by specu- litive enthusfasm investors will for- et the conservatism upon which all und investment s founded. Optim- sm with regard to the future of the public utility industry should be com- iined with caution when purchasing junior securities at a time like the present. Each individual stock or nd should be examined on its merits. While the general situation is bright there are without any doubt some stocks which in thelr swift upturn have more than discounted all the favorable features ivery movement of this kind goes too far and investors will be wary about following the crowd without discrimination. Certainly this applies {0 the common stocks of the utilities many of which are selling at prices which give mo return on the money invested adequate to the risk involved. Fortunately the same condition does not_apply in the case of the utility yreferred stocks which have had no advance commensurate with thelr im. proved status and which are still sell- inz to give larger returns than al- most any other kind of investment carrying the same degrees of safety. The reason is that the speculative nossibilities of these preferred stocks iire negligible, but that is no objection from an investment standpoint as me there is a ve Rose | BY WILLIAM F. HEFFERNAN. NEW YORK, June 22.—Despite all the improvement which has taken place in prices of stocks for electric refrigeration companies since their listing on the curb exchange. the pub- lic appetite for this practically new and unseasoned class of securities con- tinued unsatisfied today. Kelvinator was stronger than at any other time at record high prices, while Nizer Corporation A and Serv- El advanced to within a fraction of NEW YORK, June .—Following is an officlal list of bonds and stocks traded in on the New York Curb Market today: Salesin STANDARD OIL ISSUES wnity JTAlum 7s 25 ... 100% 100% 38Am Gas & El 65 ORfe 981y B0Am Ice 7n.. . - 119 L0 Am Pow & L6y 7% 22 Am POk L 68 no 07 Am Roll Mills o IS8 | F 88 Inc averboard 1l T Can By 1 & Me ds ons 614k Ry 7s.. 78 C. 2D0E1 X De550D! SEEEES2RE3R3E2833! n Nat sery 32055 HASETa 161 Cuba Co 1 Det City G ¢ Dotroit Ed s, 2 Duniop T & 1 Gair. Robt 1 Galena Sig 3 General Pet 6s. .. 11 Grand Trunk 6%s AGuif 0 Corp Se. - 1 Hood Rutber 7s 1 Lehigh Po: 1 o FECTETEFA o2 B257sE e & 23228 53352 Ny s & Sun OI1 535" 10 Swin & ERtED 2 ) 22533355299 5332x 222322225 % 22352320 23 PSS 3 cuum- Oil' 7a. FOREIGN BONDS 3 Alpine Mon S 7s. City Graz S Est R R France 73 } French Nat 7 KInd M Bk Fin 1 Itaban Pow 6i15s. 01y 11 King Nethl 61 5%, 1081y 86 Krupp ¥ried I, 7a Mor Bk Denm’ Seoo002223335599% 2333333335322228382 FEGEEETET 5:299: oL o8 [ Swise Govt 558 wiss Govt 5w Toho El Pow € 75 Sales STANDARD OIL ISSU in unite 900 Anglo Am Oil 400 Atl' Lobos 100 Aul F&F e ey 2 A 500 Chesabrgh Mg, 5400 Cont_ Oil new. 100 Creseent P L. . e green and | ! Washington Stock Exchange 5: choice | lat D4, SALES. Georgetown Gas 55—$5.000 at 95, $500 £4.000 at 05, Elec. cons. 5s—$1,800 at 100 Jobgtomac Electric §. & 1. 7e—$1.000"at Washington Gas 68 '33—$100 at 102% . $400 at 1021 $600 at 102%. $100 at 1 $1.000 at 103, $500 at 103. o Vashington Rwy. & Flec. 45—$1.000 at Washington Rwy. & Elec. g. & r. 6s ‘33— $1,000 at 101%. $9,000 at 101% iapital Traction Co—8 at 98%. 10 10 0 7, 10 at A9% Washington Gas Light—10 at 60. 60. 10 3t 80%. 20 at 60%. 10 at 60%. at’ 60%. 10 st 60%. 10 at 60%. 10 60% at 60%. lox’uhmlltm Rwy. & Elee. com—10 Washington Rw; & Elec. 1d.—10 83120 8t R3% 10 at A1t 18 9t A3, American Security & Trust Co.—10 at 335 Natl. Mige. & Invest. pfd.—50 at 834 AFTER CALL. Buy. & Elec. pld—10 at "1at 65—$2.000 at 100 . & Elec. ptd.—10 at R4 on 55—$500 at 98%. $500 Potoj at 10 at at Washington .10 at Potoma Washingtor Capital Trac at ORi, American Security & Trust—2 at 335. Lanston Monotype—10 st 83% Riges National Bank—10 at 383. Money—Call Ioans, 5 and 6 per Bid and Asked Prices. BONDS. PUBLIC UTILITY, American Tel, & Telga. 43. Amer_Tel & Telga. 4%es.. Am. Tel. & Tel. ctl. tr/56.0". cant. Ana. & Potomac guar. bt C. & P. Telephone 5. C. & P Telephone of Va. Bs.. apital Traction R. R. 5s.. City & Suburban Bs... ... Georgetown Gas 1st pfd. . Potomac Elec. 1st bs. cons, 5s. 68 1083 . m. & ref. Wash. Alex. & Mi Wash . Alex & Mt. V. Wash.. Balt. & Annap. bs Washington Gas Bs....... Washington Gas 6s..". . Waeh. Rwy. & Elec. 4s. Wash. Rws. & Elec. gen. 6 MISCELLANEOUS. Pot. Joint Stock L'd Bk. 5 BiEes B0 62 aort) lfks Realts s (sho Snu‘thern Bffl(. . Wash. Mtk Cold ‘Wardman Park SR SEFEEEL 53552555308 000059D 23835853833 2252822823% @t 3 5. age b Hotel 6. STOCKS. PUBLIC UTILITY. American & Telg: Le1413, Capltal Tra i *90 4 Washington 603, Norfolk & Wi . 245 Wash. Rwy. & Elec. com.... 180 Wash. Rwy. & Elec. pfd.. 838 Terminal Taxi com...... NATIONAL BANK. National Capital........ Columbia ... ... Commercial District Lincoln ... ational Metropolitan.. . 230 TRUST COMPANY. American Securlty & Trust. Continental Trust.......... Merchants' Bank. ational Saving & Trust. ion Trus. Washington Loan & Trust. SAVINGS BANK. Commerce. Savings East Washing : Security Savings & Co Seventh Street... .. .- ed States ... ashington Mechanics’ FIRE INSURANCE. ‘Washington American Columbia Title. Real Estate... MISCELLANEOUS. D. C. Paper pfd.. Marchants’ Trans. & Storage. 1 Mergenthaler Linotype. 1 Natl. Mtge. & nve. pfd. Old Dutch Market com. Old Dutch M: et pfd Lanston Monotype. Secur ty Storage, ;"uhlflt n Market. THE EVENING STAR, WASHINGTON, D. C, MONDAY, JUNE 22, 1925. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office their previous top figures. Even the low-priced Car Light and Power, en- gaged in the same business, came in for its share of attention. There were no new developments in the ofl trade which could be used as an incentive for operations for the rise in this quarter. But last week's leaders which were moving for spe- cial reasons maintained thelr place of prominence. These included Reiter- Foster, which reached a new high record, and American Maracaibo at st price around 11%. 1100 Imp Oil Can new 60Ind P L. 4400 Inter Pet C Lid.. 210 Magnolia_Pet’ .. 1 Trafisit ... 10 Northern P L. 200 Ohio Ol . ...." 3200 Prairie O&G new 850 Prairie P L.. 10 Solar Refin 150 South Penn_ Oil 73008 O Indiana. . 1008 O Kansas 4008 O Kentucky 50 8 O Nebraska 10005 O N Y..... 208 0 Ohio : 20 Swan & Finch. 700 Vacuum Oil Sales INDEPENDENT OIL STOCK in hundreds, 35 Am Maracaibo C 20 Am Controll Oil 16 Ark Nat Gas. 1 Carih Synd 20 Cit Serv new it Serv pfd ‘olumbian Synd C tics.. 20 N 0t Pet. uelid Ol Co. .. son Oil Cor. 45 Gulf Oil of Pa Kirhy Pet 85 Lago Pet ... 13 Mount Prod.. 1 Mount Guif & X Bradford O esrbt TiRE § S 1 Peer Oil Corp.. Pennok_Oil Corp ¢ Foster Oil 0 &R Pet 0 Venezuelan 2 new Wilcox O&G Woodlex Pet *0il INDUSTRIALS. 1 Adirondack Pow B3 ly 1 Allied” Pack [ 2Am Gas & El.. 769 4Am L & Trac 160 L & Trac pf100% Pow & L nw 501 Pow & L. pfd Ravon Prod Superpow 8Am Superpow B 3Arz Pow & 1. 50 Arm & € B v 5 Anso Gas & F 2 AU Fruit Boissonnault 'G_C Bord & C rts'S 2 Botans Con M 1Bern Schwar A 8 Brit-Am Tob 5 elluloid C pfd.. ‘entrif Pip Cor.. hapin Sac Co.. . Chatterton & Son Chi Nip A....... Chi Nip B Tt 0 Chrssler M C wi 1 Cleve Auto 5 Commonwith Com P ¢ ptd om P C new wi ons G_Balt new 11 Contl Bak A...1 138 Contl Bak B ptd PC1 101 6% ICurt Aero M pf 22 De For R ( Doehler Die 2 Dubilier C & 4 Durans Mot & Sh) S nw Tnc |1 e Gas & Gen G & E o pt 19 Gen Out Ad C'A 1G0ut Ad'C A ur G Out Ad € vie 5 Gillette S R 5 Glen ~Alden Coal 1 28 Goodgear Tire T 1 Grennan Bak 3Grim R & Cam B 88 Happiness C St A = Hazeltine Corp 1y Here Powder . pt 3 Hom & Hardart T Hunt Bros A wi 1Int Conc Ind C 18Int Maich C pi 8Intern Uul B.. 5 Jones Radio 30 Kelvinator C .. 13 Leh Pow sec ¥t 1Lehigh v St Lupton F M A, 1 Mare Wirs Tel € R Mercant Stra . 5 McC Rad Mf vto { 1 Mesahi Tro id West Ttil id W Ut pfd. Mid W U prIn 1 Midvale Co . . 2% Miller_Rubber Mins Biver Pow 4 Moor Drop ¥s A 1 Motion P €’ Co 10 Music_Master Co 44 Nat Pub Ser A 16 Nat Pub Ser 2% Nat Pow & Lt. ] Nat_Tea Co.. YN, T Tel Co pra Rlzer Corp A 1 North 0 Pow Co Nor Sta P C wts 33 Nor Ont L & P % Qppenheim’ & ¢ o Pafhe Exg Tnc A 10 Penn W Pow Co 1 Pow Corp of NY 1 Pratt & Lamb C. 1 rophsiac Brush. APunity Bak A.. “ Pyrene Mfg . 1 Reid Joe Cream 3 Rem Notsel TC A %3 Rem Noil TC pf 1 % Reo Motor ... 17 Rova Radio 13ilica G P n vte Sierra Pac B Singer Mfe Ltd. 2 Serv EL Corp A~ T Sieen Rad vic. o G & P A wi outheast P & L 41, Sou Cal E_ ... i} Eouthw Beil’ ptd X SU Reg Pap... . 4 Stand Pub € Al Gstutz Mot . 11 8wift Int) 18wift & Co 4 Tenn' Eler Pow 1 Tenn E P 24 pfd 1 Thermoid Rad ¢ 1 Thomp RC v t ¢ 3 Todd Shi Tower Mz 1 Labize A Sil 1 Union Carbide WG & 28 Uni e e PO DIS e DAL A Ol e Bttt 1 . PRI et Rt fet ottt P P ot o AT 3 £FER TS O o e oI PPl 1 DIIPY Py D ot ot etob b bt e it E =g &SR s 5 2 25 e g Row - & e i3 TRE PRI a8 2RREEILLNEEESE b s S amasaaiaa, D00 LB DG DO RO D DN Bk T = D At RE-PAuich-£32 ¢ oy 33 4 Univer Pic 3U S Lt & Ht 1% Vic Talk Macl 1 ware Radi 7 Warner Bros pfd. 26 West Pow. iy West Pow D 1 Weat Pac new 11 White RM Spr n. 5 WRMS n vic exd Wilson Co new wi Wils C A new wi Wiils new pf wi. Woodward Ir C.. MINING. 30 Ariz Globe C.... . 12 Canario, Coppe 47 Chino Ext Mines . 4 Cresson Gold .. "'314 9 Eng Gold M_Ltdl 20 First Th G M... .37 30 Goldfield Cons 1 Hollinger . 3 Hecla Mine .. 7 Jerome V_ Devel 62 Kay Copper Cor Nattonal Tin 1d % Nivtusine 15 Qhio Coy per 10 Parmac PPN Laa 0 Plymouth _Ld M. ' Reorgan Div An Un_Verde Ext OIL'S NET. NEW YORK, June 22 (#).—Net earnings of the Marland Ol Co., which recently sold a large block of its shares to J. P. Morgan & Co., are estimated at $8,000,000 for the first half of 1925. The company continues to expand its crude and refined oil output, and now has a daily produc- tion of about 356,000 barrels. About 100 wells are being drilled on proven | content. DAIRY COMPETITION STEADILY GROWING Special Tests Made to Help Increase Milk Supply All Over Country. BY J. C. ROYLE. American cows have to be ambitious and efficient as well as contented if they are to compete successfully with the dairy herds of Holland, Switzer- land, Denmark, Canada and New Zea- land. With that idea in view, the United States Government, through its newly organized Bureau of Dairy ing. is speeding up the organization of cow-testing assoclations, the object of which is to build up the average production of milk among the 24,-000,- 000 bovine milkers in this country. 732 Testing Associations There are now 732 cow-testing clations, according to the research de partment of the National Association | of Farm Iquipment Manu which has just made a survey of the dairy industry. These are located in 38 States and about 307,000 cows now are on test. Wisconsin, with heavy investments in frving, has the largest number of associations. i fornia is second and leads the world in the number of cows that have pro. duced 1,000 pounds of butter fat apiece a year, Advantages Abroad. The European dairy industry not only has cheap labor but its cows produce nearly double the amount of milk of those of the United States. This gives Furope a big advantage in putting its butter and cheese on the world’s table. New cheap fodder and is making full use of the milking machine to save man power. California, with all-the-y round outdoor pasturage available, has the biggest advantage in meeting the com- petition of the foreign producers, as feed costs, that are based on pasture as the source of the main ration, are low. Machines Little Used. The E in song, matched methods. v maid, celebrated nd story, is American machine On the other side of the Atlantic the entire industry run on hand labor, including milking pumping water, mixing and carrving feed and lited, gathering and spread ing fertilizer and raising and han dling the feeds. Only one man to 10 or 12 animals is needed to care for the American cow. The American farmer now s using milking machines, individual drink- cups for the cows, feed and litter carriers which run on tracks almost like cash carriers in a department store, tractors, feed grinders, hay loaders and other kinds of mechanical equipment. This gives him the ad vantage in labor cost per cow. Ex- perts declare that with cheap labor neutralized in this way, the one thing necessary is get the bulk of the cow population into the testing assocla- tions ropean dai picture against is Higher Production Needed. Pound-a-day butter fat producing herds are becoming common and the bovine arfstocracy now depends not only on pedigree, but on standing in the advanced registry, registry of merit and 1,000-pound-butter fat pro. ducers, Denmark long ago took the lead in the test movement. There groups of nelghboring farmers hired a man to visit their herds and give instructions in better feeding while testing the milk flow for volume and butter fat As a result they were en abled to weed out inefficient cows and send them to the butcher, while the highest producers were ept for breeding purposes. In this way average per cow production of the entire country was doubled and the profit per cow multiplied by four. The effect on the industry, which does an annual business totaling lose to $5,000,000,000 in manufactured and farm value, is shown by the rec ords of the Federal Bureau of Dafry. ing, which indicates the process of raising a cow from the 100-pound-a- vear butter fat class to the 600-pound class multiplies by 20 the profit de- rived from her by the farmer. (Copyright, 1825.) FLOUR EXPORTS STOP. Most Unusual Situation Is in Baltimore. Special Dispateh to The Star. BALTIMORE, June 22.—For the first time in many months not a barrel of flour was exported through the port of Baltimore last week. Ship- ments of grain, on the other hand, showed an increase over the previous week, according to the weekly report of the maritime exchange. Of grain 213,751 bushels were ex- ported, compared with 142,656 bushels the previous week. — EXTRA ON COMMON. NEW YORK, June 22 ().—An ex- tra_dividend of 1 per cent has been declared on the common stock of the Noted | Pierce, Butler & Plerce Manufacturing Co., in addition to the regular quar- terly disbursement of 1 per cent, both ADVANCE IN ALCOHOL. NEW YORK. June 22 (P).—The United States Industrial Alcohol Co. today announced the price of “pyro’ denatured alcohol for delivery between September 1 and December 31, 1925, at 471% cents a gallon in steel drums, carload lots. This is 412 cents higher than for the corresponding period of last year and 3 cents lower than the price schedule placed in effect Febru- ary 17 last. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY PHILADELPHIA, June 22.—The steel workers of the Delaware River Bridge have struck for an fincrease | from $1.10 an hour to $1.25. ATLANTA, June 22.—Georgia melon growers have revised shipping require- ments to allow marketing of water melons of from 16 to 20 pounds in- stead of the 24-pound minimum limit last year. The smalled melons are equally high in quality and should reach consumers at lower prices than they have been accustomed to pay. KANSAS CITY, June 22.—The ex- traordinary hot spell has stimulated dry goods sales. The movement of light-welght apparel has quickened, with a resultant reduction in stocks. FORT WORTH, June 22.—More than 11,000 sheep have been sold in deals just closed in Sutton, Tom Green and Crockett Counties. Ewes brought as high as $8.50 a head, with yearling wethers' prices at $5 and shorn mut- tons at 8 cents a pound. DENVER, June 32—Despite the serious loss in acreage in northern Colorado the sugar beet crop here {s getting out of its period of un. certainty, and prospects for a good according to the Zealand has | heing | Operators Elated Over “Breaks” in Big Oil Industry By the Associated Press. NEW YORK, June 22.—Opera- tors in the ofl shares are elated over the ““breaks' that they have had in the last few months. These have included the collapse of the Wor- tham Pool, closely followed by that of Smackover, which marked the downward trend of crude produc- tion; the steady increase in gaso- line consumption, the resumption of dividends by Maryland and the increase in the rates of Pacific and other oil companies, the publica- tion of favorable earning reports, and the rising trend of commodity prices. The adverse stock market effect of Elks Hills ofl lease decision in California has since been counter- acted by the Sinclair victory in the Teapot Dome case. COTTON OPE AT HIGHER LEVELS Traders Think Showers Have Been Too Light to Do Much Good to Crop. By the Asxociated Press NEW YORK, June 22.—The cotton market opened steady today at an advance of 6 to 10 points despite relatively easy Liverpool cables and private reports of rains in Texas. Some of the advices sald light to good showers fell in the droughty districts of central Texas Saturday night, but local traders generally seemed to think that the precipitation was {nsufficient. Active months, however, soon sold 19 to 25 points net higher on cover- ing and Western and Wall Street buy- October advanced to 23.58, and mber to 23.77 New York cotton futures closed steads at net decline of & (o 14 points barely Opening 3 Tl B O Decembe aw Orleans cotton futures closed steady At net decline of & 10 18 January March july October December Opening:_January I‘m'..vul,v_ 2370° Ortober. SO TR ’ TODAY’S NEW STOCKS NEW YORK, June 22 (#).—New offerings today included an additional issue of 50,000 Chicago, North Shore and Milwaukee Railroad Co. first and refunding mortgage 6 per cent gold bonds, series A, due 1955, at 891z, and interest to vield more han 6§ per cent, and 4,000 shares of rth Terminal Corporation of Massa- Chusetts 7 per cent cumulative pre ferred stock at $100 a share, purchase of 27 preferred shares carrying a bonus of & common shares. TOBACCO RECEIPTS FAR BELOW RECORD YEAR AGO Special Dispateh to The Star. | BALTIMORE. June 22" Recetpts of Maryland tobacco continue to increase very slowly, having totaled 425 hogs { heads for the past week, while sales reached 311 hogsheads. Larger re. celpts are looked for as soon as farm- ers have had a good season for pack- ing, as receipts since January 1 total only 3.041 hogsheads, against 3.717 hogsheads last year. ANY AMOUNT APARTMENT HOUSES si% BUSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT "QUICK LOANS HOME OWNERS $150 to $5,000 on 1st, 2nd and 3rd Trusts In Three Days DISTRICT N PROCUREMENT CO., 204 Kellogz Blds., 1422 F 8t. N.W. __Open Evenings 7 to 0. Tel. Main 4438. _ Continental Trust Compan: Capital One Million Dollars 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 643 Louisiana Ave. N.W. rmoo WANTED! SECOND TRUST NOTES Funds available fof the pur- chase of all kinds of second trust notes, secured on D. C. or nearby real estate. Prompt action in every' case. Washington Investment and Transactions Co. 715 14th St. N.W. Main 3662 1 SEF. ANNOUNCEMENT > AND SATUEDAL'S STAK. | REAL ESTATE LOANS | CLOSE STOCK DEAL INW. B. & A. CHANGE Aldred Interests Have All Securities Desired in Tak- ing Over Control. Special Dispatch to The Star. BALTIMORE, June 22.—The Aldred group, headed by J. 1. Aldred, has bought all the stocks of the Washing. ton, Baltimore and Annapolis Electric Raliroad it needs at this time, and fur ther purchases will not be made, ac- cording to well defined reports in the financial district. Also it was learned that the larger stockholders sold the bulk of their holdings to the new Interests, retain ing less than 25 per cent, and have agreed to co-operate with Mr. Aldred and his associates in rehabilitating the property. New Financing Likely. A step in building up the system | will be a complete survey of both the | trolley and power branches, which will probably be followed by new financ ing. The price paid in the deal just closed, said to have been $20 a share for the common stock, or 40 per cent of its par value, has practically been veri fied, and it is believed that the pur chasers paid §25 a share, or 50 per cent of its par value, for the preferred stock. Separation Predicted. Persons close to the inside affairs of the company refuse to indicate just how soon the dual operations of the road—the power and transportation ends—are to be divided, but it is as sumed that the power interests will be taken over by another company, probably the Consolidated Gas of Bal timore, ‘and that the railroad end will eventually find itself a part of a large railway system. Indications still point to the Western Maryland as the new father for the road HAY CROP IN MIDWEST GONE BEYOND SAVING Special Dispatch to Tha Star CHICAGO, June 22 The Middle West hay crop is injured beyond re pair with prospects of one of the smallest yields on record. The Il linols crop is estimated at 3.600.000 tons, compared with §,500,000 pro duced 1ast vear, the Minnessota crop at 2,700,000 tons compared with 3 500,000 produced last vear. and t Wiaconsin crop s estimated at on 73 per cent of normal. Sl 5 o GIVE UP OIL FOB;OAL‘ PARSONS, Kans, June (Spe cial).—Twenty of the largest of th oil-burning freight locomotives of the Missouri, Kansas, Texas railroad | have been converted to coal burners to escape the high prices of fuel oil Passenger trains continue to be| drawn by ofl burners. 1 LOAN —on First Mortgages on improved property in Washington. Cur- rent rates. Prompt service. 713 & 715 14th St. N.W. Main 2345 We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street Avoid loss of interest BY reserving your July invest- ments in advance you can arrange to have the interest on your new investment start the day yourold investment matures. You may maké your selection now from current offerings of 7% Smith Bonds, and no deposit will be required to reserve the invest- mentyouchoosefor July delivery. 7% First Mortgage Bonds are availableindenominations of $100, $500 and $1,000 and in maturities from 2 to 15 years. Mail the coupon for descriptive circulars. NeLovs to Any Investor in 52 Years The F. H. Smith Co. Founded 1873 818 Fifteenth Btreet--Main 6464 New York Weshington, D. C. Piruburgh Philadelphis Minoeapolis THE V.H. SMITH COMPANY Smith Building, Washington, D. C. FINANCIAL. Prompt Action 738 15th Street First Mortgage Loans Lowest Rates of Interest and “ommission Thomas J. Fisher & Company, Inc. Money to Loan Secured by first decd of trust on real eatate Prevailing interest and commission S 420 Wash. 1. & Truat vJouph L. Weller {0 wan e & Tt Equitable Co-operative Building Ass'n | ized Assits Organiz casy to purchase Hundreds have ¢ you one of these JOHN JOV EDSOX. President b $4,942,132.68 Subscriptions for the 88th Issue of Stock Being Received Saving for a Home I'he Equitable’s systematic saving plan will make things lone hundreds are doing it. thinkers ahead? Start Saving Today. 915 F St. N.W. house. FRANK_P. Secy. 15th YEAR COMPLETED Surplus ..$1,317,011.44 L 4 SHARES $72-50 PER it— Are 1814—OLDEST NATIONAL BANK IN WASHINGTON—1925| Your Banking Connection —figures vitally in your business career. Metro- politan service places at your command facilities that represent the development of over a century of uninterrupted contact with local commercial affairs. 7 We invite you to “grow” with The Metropolitan "o ML i o rge gt W (8 T R 113 T ] National Metropolitan 111 Year O1d Bank 15th St., Opposite U. S. Treasury FOR INVESTORS 912 15th Street MORTGAGE NOTES IN CONVENIENT DENOMINATIONS ON IMPROVED PROPERTY in DISTRICT of COLUMBIA H. L. RUST COMPANY Main 6888 The New York Life Insurance Company Offers to Make First Mortgage Loans on Improved Real Estate District of Columbia and Suburbs for 3, 5 or 10 Year Periods Houses Business Properties S%2% ummmmmmmmm@mmmg In the Apartments Office Buildings IR R ) R R R R/ R0 RS R ON APPROVED SECURITY Apply i SRANDALL H. HEAGNER & GOMPANTY : MORTGAGE LoaN GORRESPONDENT 64 % First Mortgages for JULY INVESTMENT I NVESTORS are fortunate in that we are still able to obtain 6159 on our First Mort- gages and can offer that return for the invest- ment of July funds. If you will have money available in July, it would be wise to make vour reservation now. The same sort of security we have offered for the past 56 years and which has enabled us to maintain a record unique in investment cir- cles can be had with an interest rate of 612 %. We unhesitatingly recommend each Note as an investment of the highest type. ; G)ashit'lg'tm.fl.c. 56 Years Without Loss to An Investor EEM&HENSEY Co. Sireet. AW —