Evening Star Newspaper, June 24, 1925, Page 25

HE NG _STAR, WASHINGTON, D. C., WEDNESDAY. JUNE 24, 1925 FINANCIAL. » 215 FINANCIAL. NEW YORK CURB MARKET RA'N SAVES BRHPS o RNUER U Dhee NEW CURB DESIRED B & 0 INTERESIEI] ;“.éfi:i‘??lf‘fi&:‘g e Eqmtable Co operanve Bmldmg Ass n INNEARBY STATES == NCRANTRADNE N NN s T | oetiimere B e today as if the reported heavy in-|SarlY selling, while some of the pub man, 1157 17th St. N Subscriptions for the 88th Issue of Stock Being Received creases in brokerage loans and the|shares were left to drift for them- | slight hardeni 1V di he furth ds i H H H = Market Reports Indicate Bet- {1 e o e st e o s e oh™h | Farmers Would Check Wild|Railroad Deal Held Vital 10| Money Available for tive sentiment and were intimidating | the Oil and Gas Journal in its mid- ) ter Outlook for Truck cperations on the long side of the|week publication. But the tendency | Speculation Which Cuts Coal Shipments East First Deed of Trust Loans | market jome of the specialty | in this quarter was toward slightly i Gardens. | Get Into the Systematic Saving Habit of the Equitable favorites which had been bid up | higher prices. "IV were subjected to heavy sell || The specaicular advance of Tuestay| DOWN Wheat Prices. From West Virginia. || 63% Interest nd came down over a good part |in Engineers Gold was not carried the ground gained in the rise of | further und selling made its appear- i 't Monday miEbiel i, 8o badiy|thedlistH0EELy ance between 58 and 56. BY J. 'C. ROYLE. Special Dispatch to The Star | Pro;\n:,:“lj::z:;:: to [ \\|.e’\lu-r[ym| are \.“,,,!g ‘{(vr}n | e il TR 9 Special Dispatch to The Star. BALTIMORE, June 24.—A greatly A0 ot onn 4 rarnys dayiE the A g H sl m.‘]1 Mr . o ot | W TOBK, June 3-wuBowing)< 450 Wapols et .. 1508 388 138 3W YORK, June 24—The grain|increased movement of coal from ! Equitable’s systematic saving plan .7’230 | resulted in the receipt of me is an official list of bonds and stc markets of the country are giving re-| northern West Virginia to Baltimore JAMES F SHEA | . sports as to the outlook | traded In on the New York Curb| 2100 Prairie 0 & G'n 31 300 Ohio O] - W8 will help much more than depo cou s . 100 Prairie newed attention to proposed reorgani-|and points in the I p much more than deposi PER 1h the wegetable market. Trucic|Market toda 20 Botar* e zations tending to curb wild specula-| possible as a result of the c | 643 Louisiana Ave. N.W. | haphazardly. Start tod nd lea i s in many nearby sections had | §alesin STANDARD OIL ISSUES 10 Souh Pean 'on tion. But it has been pretty definitely | tion of several railroad properties in | of this wonderful, rest tting MONTH it settled now that the Chicago Board of | that locality with the Monor B8 0 0 4 1 4 0 6 4 5 tr hela | t concluded ‘1“| glvfl_”“:‘-‘tm_\:\:'(: L High M-:‘ Fan 51 Trade will make no radical changes| Raflroad and the recovery of a one-| ™ plan. of total destruc e 57 Am Gas & El 700 Fr at present, in its method of operating. | third interest in that road by the \ od wene I8 Am ‘Tee 17908 0 R Many influential members of the board [ Baltimore and Ohio. The recent an almost utte e BT 500 Vaeous Of1 8D B feel that it is better to allow the threat | amendment of the West Virginia law ® t of supplie n Sum Tob 7 Sales INDEPEN OIL STOCK! of some Govermental action to act as| removing the prohibition against rail - s & other vegetables f BaxtvigroneEe Bol Miiha B8y i hetrds 10% 10% |@ restraining influence. roads in that State owning an in . The rain, while _H.!l\»* ‘r‘\ “‘ Btie S fiflf,m,,fl *\v oxd ol The handling of the grain market|terest in parellel or competing lines | short while. is reported to hase done iR .&m}w at bresent s a_problem closely af-| has made this development possible Fi M Notes | much good o aic O s Synd . ecting every Al (& citi: b | Weather threaten the food supply, but o Winter “wicut mron o 2 vine | B. & 0. Once Had some wigns. | F1rst Mortgage Notes| it also theatened the supply of feed R steadily to market. The prices the| The Baltimore and Ohio formerly | —offered subject to prior sale. These § for poultry, and high feed the coming farmers receive for it and for the|owned a one-third interest in the|investments are secured on brick | we Have Winter would mean high poultry. Spring wheat which will be sold later | Monongahela Railroad, but was forced | dwellings occupled hy owners Spring chickens are n\n; hl in de have a big bearing o hasing | t0 surrender its interest as a fe C. L. 0'DONNELL, Mgr. mand at this season, and while 20 Gibson_ Oil Cor power of the countr of the act of 1913 of the West Vir Mortgage Department took a slight drop the past few day 19y 1 34: |m })\;der;x’x‘ When huge quantities of wheat are| ginia Legislature, now amended. In | % they are still much higher t 1oin 101w el or s moving to market, it usually has afa the franchise and property 1o ea A pair_of chicker g0 “ioiy i Mex pam depressing effect on prices for that|rights of the Monongahely Raflroad that sold 75 cents 20 yeurs agos 03% ount P commodity. in its present form were first secured remarked a consumer, will bring §3 The wheat farmer is seldom inclined | by the Baltimore and Ohio more than | = Sorvice Urit | 9:00 P.M. now £ to take advantage of opportunities to|a score of years ago. | Phone Servic ntil 9 P L L Chich inz two pounds and 121 Reiter Foster Oif i fiini i | | ‘ or Large oans over ‘are in greatest demand and el el taturos. Fhat to. 1 doss pok. 2o Move Held Important. {LISTE Maind J0508) g hring T than the smaller Salt gl Prod. . into the market when pric re high| The consolidation of these « i s. the differ heing 5 cents a & W o cn i and hedge against his grain crop so Exeds ks fan important develon pound 4 Venezuelan t that he would be sure of a good re- 'nt 1e railroad world, it e STOCKS BONDS 2 ‘s Wholesale Prices. AT turn. Then when the big selling move- | lieved in the local financial district, | Interest Today's W o i e pad ment comes the large visible supplies| for the reason that it is in line v Rutter—Fancy, tub, 51 prints 4 Am Gas & El of wheat tend to make the market| With the general plan of the Inter-| . store packed, 28a30 e ool Am Gas € EL bt easier and lowe: state Commerce Commission for an | : Fancy. selected, candled, 3 M Am L & Trac. Man imalgamat¥n of railroads in the | —BROKERS— hw v Manipulation Is Scored. - =R regeints, 31 Am Rayon Prod T United Statgs into a limited number of | i n I oV S e Ything cnfekens Stiperpow B The farmer not only does not follow | mnjor e fai e D GVIRGOTEIE A = ']‘,5',“"",55"‘\',,',9',“,\,,,[ On Improved Property il b TeE s, 3 § Ariz Pow. & Lt the above procedure but he is inclined] the transportation et of 1920 ¢ Buy_and § ’ ek o 5 heavy fowls ducks, 15: keats, 40 b in many cases to resent others doing Securities in the District of Columbia e i e i2al o Phila Hu so. Should another period of wide Outright or on Margin ’ B reaiA: o chickens, ze, E son G O - price fluctuations such as oc ed —— 1 e small turkey orden & Co nw last Winter and Spring take place it Our Marginal Requirements n S ey is likely the Chicago Board of Trade|F¥ire. Automob . Y datnbe yn Cits ROK might invoke some of the legislatory EQU. J i \I,I Reasonable. anat/Aticactive » SRR methods suggested P 2 . ing h D G Among these is a proposal by Sena.|_2 735 15th.Street N.W. Main 1821 loins, 3la tor Capper of Kan that s se | Visit Our Board Room 32; hams, 27axd; shoulders, 18a20. | _ would make for & more stuble market: | o ® POOOGOPE6GSGeS J| | L er ket Fruit and Vegetable Review. 30 Chiapin Sne & ¢ Members of the board assert short sel 4 ietles: = todsy's market report on frults JCanerion & n essential factor since it per. | 4 WANFED' ¢ anan EESEELG stables (compiled by the Market Y p BT exporters and millers to make | € - S " = " News Service, Bureau of Agricultural r M ¢ contracts for future deliveries when| g SECOND TR v | Direct Private Wires e nox . Commw B ( there are no hedging sales. They ¢ s * New York Baltimore > - (| oplies heavy: de 8 Gommw BC nw 'wi tend if it were not for short ¥ e ot ® Philadelphia Washington ce Comps Car 1Dy B & = shad 2t firm: California. Gommu PG war price fluctuations would be ver ol-| @ Hbte e S 2 Tmperis Salmon Tints, stand 7 Contin’ Bak A ent and m;)ers would have difficulty| @ every case ¢ BUCK & CO. of New York ards 45s 0, according to con 78 Contin Tiak 1 in filling their contracts. p4 5 | st it ¥ 4.30; standards 363 1S oy e ot Wild Reports Condemned. Washington Investment @/ 1420 N. Y. Ave. N.W. 20 Cuba Co i Another suggestion is f t 53 and Transactions Co. & vans e i i i 2 .00 ek Anof suggestion is for strict ol a 5 g S 7 Clirstas "Acra. M 1 supervision of news tending to infl * 715 14th St. N.W. 0‘ Invites Apphcauons for oy 1 Gurt Aero "M i ence trade. At present a variety of | @ Muin 3662 L 4 . 155, wome soft. AR ke BRC R * Construction Loans 58 14 Dixon Crucible . and rumors of all kinds and trade o S T g % ‘tandard 15 B e ¢ have become very sensative. t such |2 9 @ CC0SG0GSS SO0 Long-Term Refinancing e 3w Fome, Motors the Government crop reports are mis. 7 Amounts of $50,000 and over nis, | ec B bl 105 10 leadir 4 nell < A',‘";“,_, DUUEREES WD It has been suggested that the | bushel | cur Co Board of Trade set limit on the Hierrsss r'w‘m"m\;':fum daily fluctuations of grain prices, the 2100 | SRR 6 ¢ Bk, et ilen. being that it frade were confincd $150 to $5,000 on FRED T. NESBI1 B en 6s % Fires T 7as’ bt within certain limits there would not | S e e g P Wi h h::l'}lfixng;; Qfln 490 be an incentive to manipulation which 2%, cnas and: Jec runts. Loan Correspondent s Eie Boston type, ordi. 1 e iR fause Wheat tofuctudte 3 centy 1 | Tn Three Days es. Big Bo . or pushel or over in o single day. It is| pisTRICT TOAN FEOCUREMENT C0. ) e 5 i duiity and condition STa wngieniod ihat lacses feaders Da| ATl Tw Investment Bldg. Main 9392 poorer, low as 1.2 | Govt Bige Compelled {0 pay the same maring| _Oven Evenings 7 fo 0. Tel: siain 1458 Peach Ma Ste 7Toho El Pow C'78 90% the small dealers. | e STANDARD OIL ISSUE Gy v I e ol I FEDERAL-AMERICAN e GOVERNMENT REPORT | s rge | o e i e B | NATIONAL BANK dinary 2.00a2 30 G e W i adT 107 S 0TTO CES ~ O 2 S sacier Ge| hmgcuets § | AIDS COTTON PRI RESOURCES, $14,000,000 —on First Mortgages LICATIONS INVITED S Jnovecs, So SIS T | MBS \ Bt ; || APPLICA mand moderate: market firm. = 3000 Intl Pet’ o Ltd Inter Contl Rub : 1315 F Street on improved property | Stock —North Carolina and_Virginia. | Intl” Concrs Ind ¢ 41 | General Dry Weather in Belt Also! i i LOANS : Norfolk secti Blietave el ma G 8% Causes Good Buying in JOHN POOLE, President in Washington. Cur- for on “ivinator Co 4 . 1t Cheese 71 s > s D erate: de-| Washington Stock Exchange T4 % iy Futures. Frowpe i rent rates. Prompt IMPROVED PROPERTY * mand moc firm: Missis- (BTN Pow sec vie 1401 1460 ARG % £ Sinpi, 45 wrapped. | : oot 5% S i Akl e First Mortgage Loans [ scrvice. No. 1. s urnine| gt 5o—$500 at 8%, $300 acs 108 108 e e | B e e ey L South Cs and turning, | 2 Soromac first 55—$1.000 at 100%. t opened’ steady at unchanged | Thomas J. Fisher & Company, Inc. ietston nb Cobusribia sei Stlcas S T count, 3.75a4.00, | $1,000 at ot s prices to a decline of 6 poin | 15th_ Btreet SHANNON. & LUCH Subwrbe in Montgomery County, M& ew 4.75. choice count, 3.00. oo anoE] : | in_response to Tiverpool cables and |y — DAAT & = i 3 Aol ‘w..d,,‘;um Rws. & FElec. 45—$1.000 at Cap'€ { hope of showers in the Southwest. |CJ o] o atermelons er. 0% g e | October sold off to 23.30 after the e jon—10 at $9%. 10 at 99, tex © b U Watermelons—Supplies liberal: de- [ ,Capital Traction—10 at T J ;' Ser AV 27 call, but prices soon firmed up on cov- | It A FA( 1 713 & 715 14th St. N.W. 1 mand moderate, market slightly weak-| " Washincton Gas Light—5 at 60%. 5 at| | Dt ering by recent sellers. who appeared | S . — = Florida, | 60%. 10 at 60%_ 5 at 60% o to be influenced by belief that the Main 2345 2 er; sales ‘ Pashington Rwy. & Elec. com —6 at . < 5 —th: financed h Tom Watso e T 5 A Government par of condition figures that inanced hoyes \ Iy 1.00; 26-2 Geor R National Bank—?2 at e A issued this morning would lead to e e pad o R L i A taan sge, labeled, hotype—0 at A3 at 8315, th 6 pow some scaling down of private esti firet. and. second trust. loans on INTEREST nos i Mtge. & Inv. pfd—100 at 914, States P C. 1 mates of the crop outlook all property I Sta P C pf. 1 | bheans \plies light: de- |1 S E el A private report reducing an esti i iy 3 "TER C % Oppen & Co ated increase b Sodtia deres il Consult Eoans Dt mand oerite, marken G o gond | APTER CALL Fd ated increase in (i Soarts Seren iEl 5 «i:--us ou;B{;l;Y 2’0 (o} d0[‘:ljlalmmaC Gas \ Arply to peck n, 2.50a3.00; few | of NY contributing influence on the adva | . L. SAN, i | i S Coarian i . P ewherties—Supplies very light; de-| $1:000 : Nk B Tt s e elom e INC. | e H. L. RUST COMPANY Money—Call loans, 5 and 6 per cent. R ' mand moder market firm; North Swift Intl Tenn El Pow... 68 35 Tenn E P 2nd pf 813% 4 Thompson R vie 9 1 Tinkem Axle. 4 bond interest, for the twelve months ended April 30, 1925, 1 were more than 3.2 times the | annual interest requirements of all Debentures outstanding. Secured by first deed of trust on T Bid and Asked Prices. B } 1418 Eye St. N.W. ) G:’uf,;flcfj"",";:;” | LOAN CORRESPONDENT -‘",;.vl’“ corn—Supplies ’Hmr,«.l vd.j 1 BONDS. 1 Januar an Main 5904 | ®se PRUDENTIAL INSURANCE mand moderate, mARker abott steady.| rosuic vrmary, | g S opeming’ U1 2340 uare D=0 | | | T diect oblisstion of the COMPANY of AMERICA 4 s e . ? — — argest electric and gas utility ||| { e 5% D3 New Orleans Quotation: Il in “the State of Oklahoma, : g : en o Money to Loan I S ERe e EeEee 912 15th Street N. W. Main 6888 market opened quiet and unchanged EE R D L T ey ailing interest an commiamion - new crop months. Early weather 420 Wash. L. & Trust 4 5 Tob Brod Exi 9% | news told of generally dry and warm Joseph I. Weller {2 ™ob F NW. : 1 Jabla ATt 17 weather in the belt. ~After ensing off | pe— - io0a 4 G & En 471 7 " | 10 points below yvesterday's close, Oc- 1003 | e g tober 22.86 and December 5. there HAVE YOU 5500? sal &' 2 . was a rally of 6 to 7 points on in . i08 miversal Pic formation that Government par for R e B ||| Price 987, and interest RATES ON BAR SILVER. |An: & Fotomas SW YORK, June 2 C &P T.n‘.;m‘.,n va, 70: Mexican dollar I A | Potomac El El Pow. £.m & Mi EVERYMAN’S : Talle Mach”J Ror money and unhappy experiences. finds that there fs | Terminal Taxi com..... p Y| a0eRore En;:m:n A PP) I NATIONAL BANK 1 Tono ra g 7 = N . ¢ 3 he June 25 cotton report was lower First Trust Note for this . INVESTMENTS £ Farme S : soport was fowse (| i B TeSERE to Yield 6.15% | -4 4 o & nnap. s B est Pow than expected, indicating a small crop. amoun al i you , £ R i | R 61 Wi RS WHAT A DIFFERENCE K BY GEORGE T. HUGHES. 0 4 W B at het 5 points U 10 16 pownis down- 2% | Circular A- | 102 3 Vi High. Low on request s . A s e e 8 THOSE 32 YEARS MAKE | ctober ec " HY i rst ien on the B - o ks 2 | THESSE e st S & 1| E. H. Rollins & Sons || | - 7 n- | A T man e tis [ i = - 2 Lo ‘:’)ynon\ TE,:'.::‘T,’;n‘r“’i‘x’w.?.” E Founded 1876 é: Wl IEN the average man buys an i tion upon the railroads. n Park Hote no Ext Mines 321 416 Woodward Bldg., Washington 5 Apartment building, {from that 1 5 ot of {eceat Impoxteric!! STOCK 7 R o "L 2 > CHAS. D. SAGER Roston, New York, Philadeiphia, g s S i 0 holders road sec “‘.7x:;~“:r!\¢rn‘-; o He o ?:;Efirfl';‘lhahk: £ oZattath Main 36 Ao, Denter N Bio s E; minute his education in real estate be- | i mo disputing the serious nature o 3 LITY. 0 Hawin | e e E = e | the cor . passeniger (Gramc | o Shioh - b e 1 gins. And this education is often at- f ¥ s and @ : 50 33 & | : e % 3 - | Thande, uation as to Norrol 24 R:KL.ltgmr.mml Avoid loss I tained at a painfully high cost in time, g carryin rests on 4 aiffer. | Waeh Re. & Bt St & ooy '} i being The New York Life Insurance Company motor truck as | National Capital very short | Coluimbia s s & Wenden Copper BY reserving your July invest- 32 years ago. onds, 35a37%. Begs higher; receipts, 15,452 cases;| [| Smith Bonds, and nodeposit will y " - el 281, be required toreserve the invest- : In the firsts, 29%a30%; ordinary firsts, 28%5; b st for July delivery- . First Mortgage Bonds are 7 % STOCK SPLIT-UP PLANNED. 7% evaitabieinenominations for 3, 5 or 10 Year Periods NEW YORK. June 24 (#).—A split of $100, $500 and $1,000 and in up of the common stock of the Com- maturities from 2 to 15 years. Houses Apartments monwealth Power Corporation was au- Mail the coupon for descriptive Business Properties Office Buildings thorized by stockholders at a special circulars. ! meeting on the basis of four shares than 30 miles, while the tonnage haul ed more than 70 miles is le per cent. In Cook County, 111 cent of the movement is les miles per cent less th: and onlv than 100 miles According to t § truck oper long haul is not profitable at any charge comparable with railroad rates conclusions agrea with the story s than 20 TRUST COMPAN 24 per | American Security & Trust X on “Trust il s z R gl stances proposi — ments in advance you can Offers to Make i HEN we are given a building to man- I au Connecticut 40 TER LOWER TOD AY. arrange to have the interest on S e rec onnecticut 4 | = 5 pPrn cent ¢ ‘BU‘T % 3 your new investment start the First 1"/10’.[ age LO(I”S age, we are l'(‘il(]_\' to make it a goimng il moved less t 3 CHICAGO, June 24 - —Butter day yourold investment matures. d gage i 2 : e S [ 70 per cent less than 30 miles. In lower; r:;egn; 12,37!21(:;75. “(‘ioumeiry % R ‘E enterprise from the start, for our real é‘ Caiifornia 5 per eent iy hauled loss | e, : extras, 42a423; siandards, 42%:; extra ou may make your selection 5 A s R firsts, 39%a40%4; firsts, 38a3%%; sec:| || LoU maY meke your o ent 7% on Improved Real Estate estate education began X Pl R R R R N RN R R R D e R PR R R N el Rl of interest ’S | than 10 | Continental 0 miles y per cent moves more storage pack extras, 32; firsts, 31%. strict of Columbia and Suburbs HERE are very few problems in real D estate which we have not encountered in those 32 YEARS AND LEARNED TO HANDLE: SUCCESSFULLY. ¢ the car-loading records, which | Wt Statey echanics' . e of new in exchange for each share “"NoLow to Any Investor in 52 Years _ for_some time now have been at un- e ok of the present issue. e R R 1 We are essentially recedented totals. It may be regarded 3 NCE. _— E /e e = 3 D et ot e 4 TODAY'S POULTRY PricEs. | | TheF.H.Smith Co. 2 0 % e Secretary, motor ave found that the rehington: e avings & Com E I that the railroads will still continue | Corcoran Foun: 1873 £l MANAGERS OF APARTMENTS 1 to perform an essential public service t,‘;{.’;,‘;:,"t.,;.," o il CHICAGO, June 24 (#).—Poultry ded ‘Mai ” I3 I as freight carriers over longer dis }: msvmwcz alive, unsettled; fowls, 21a38; broilers, 818 Fifteenth Btreet--) nxgfim ON APPROVED SECURITY 2 | tances and that investors in railw: T;‘;\‘}'L o | 23a85: roosters, 14; turkeys, 20; ducks, New York Washington, D.C. Pl‘llubu'lh | I o supposec a ety s S y i the motor truck to the safety of their puoE CALL MONEY HIGHER. THE F.H. SMITH COMPANY IE B F SA O holdings. D. C, Paper pfd... - 3 1 idina: Wesnatton, B . 5 5 l I ( < 2 ‘ ) Remember that this conclusion is & ‘(}:;",‘,”,{‘.‘,:MT"“FT".,';‘,&“’"‘ NEW YORK, June 24 UP).—Call| || Semith Building, ngt RANDALL H. HAGNER & COMPANY e ‘ ¢ general one and that there may be | Natl. Mtge. Invest. pi 0 money stronger high, 41%: low, 4: Main 2100 925 15th St. N.W. ! . Frdichiual Foads which wil sufe from | 81 Bt Yarkel B Gy | ruling rate, 4; closing bid, 4i; offered MorRTGAGE LoaAN GORRESPONDENT R £ unrestricted motor truck competition. | 918 Dutey NG 4 sa [at 4% last loan, 41 call loans B These, however, are exceptions and | Security Storage N against acceptances, 3'%; time loant f may easily be Dicked out from the | Washington ] Mark“ - mixed collateral, 60-90 days, e g ! rest by the result upon earnings. ".";5;.,,“ end.” 1850 ‘spectal d.‘.d.nd'i;-; 4-6 months, 3%a4; prime : ACopyright, 1825.) extra. §2% extra. commercial paper, 3%. . . ~ < i