Evening Star Newspaper, June 29, 1925, Page 19

FINANCIAL THE EVENING STAR, WASHINGTON, D. C. MONDAY, JUNE 29, 1925 19 PRIEES H N E New York Retail |57 enormeisetowemte | Public on Fence BA“- M[]NEY ]UMPS RK CURB MA RK E A bers of the relief department. S []l.fl HRM e st ]924 B & [] I BUM Sales But Little |, ovvs to e oot e | Awaiting Moves venues of the company were dimin- BY WILLIAM F. HEFFERNAN. its previous top and Nizer Corpora- Above Last Year ished, compared with the peak year In Stock Market CEW . |tion class A gained simllarly before of 1923, when the company handled L] NEW YORK, June 29.— Apprecia- | roaction set in. A ) the largest volume of freight traffic tion in selling prices of stocks of elec- | Speculative interest was being trans- By the Assoclated Press in "H, histony. But the loss in rev. NEW YORK, June 29 (#).—Both tric refrigerator companies kept on |ferred from stocks which had advanc- WS FORK coydune: . a9;—A /| SIS 10 1357 WasIOVEECOIa L0l COM Ll bt Sl i e o gra st focs . 3 Fikte he Tecent rise R e i siderable extent by operating econo- S Gheaper Poultry Expected|tcday despite sharp aavances which |$3substantially during the rot o | L0SS Largely Made Up by| bisifecs condicions by the fedom |mies. resulting i the largest net| “been attempting to stampede the | Today’s Advance Considered have already taken place. paratively little, and were in a posi- reserve agents of New York sho railway operating income heretofore i so.called public in the stock market Kelvinator led th vard vo. favorable trade de- N i hat May sal : art. |earned, with the single exception of gl . oon—Beef Same as " the upward move- | tion fo discount favo ew Economies: oor that May sales of leading depart . and apparently with little success. in Wall Street to Be nent, establishing ¢ high at 42, | ve the rub- A v '~ |the year 1923. shing a new high at 42, | velopments. Included were ment stores in this district were With the exception of products of| Operators on the long side have where it was points above the [ber and tire shares, notably Inter- . s than 2 per cent larger than i v Last Week. Saturday final. At this figure it com- | Continental rubber which reached a Coal Shipments Cause. ear ago, the smallest ease |ugriculture. which showed u slight| staged a series of bullish demon- Only Temporary. increase |A8rict S = tia < pared with $22 a share, the price at |new high record above 12%, and Good- ince last January. and_excluding |\ncrease, the decrease in traffic was| strations in the motor, rubber, oil, offered for public sub- | year Tire common which was actively sales of radlo sets, which were |Seneral. Especially notable was thel 100" ity and specialty share PR e . Serv-El rose fractionally to | bought around 323%. Special Dispatch to The Stas greatly increased by special sales |large decrease in bituminous coal, : . . . S e = o but thus far their public followin, Moty aArlal e pa e BALTIMORE. June 20.—Marking| in May, sules actually fell below |\hich 18 the largest single item of| p,y peen small. On the other o e o o : - s 2 the ninety-eighth year of its existence, | last vear. il i speculators for the decline repeat ol PR NOR S CRDATA; the annual report of the Raltimore| Iurther seasonal declines in ivi edly hammered the steels. equip- |GonS for unusually heavy midyear Sl ORETRAN s I e "3“ e | aricat Tl et o ron i Division of Revenue. et R e s lfl‘u:; dividend and interest disbursements to i Tiel strckn idses totay sulted in an average reduction of Gross revenues of the company| posed vulnerable issues in = futile | 003V resulted in a scarcity of funds Net rallway operating income for| 14 per cent in sales from April to |amounted to §224318,794, divided into: | attempt to force the public to |7 (he call loan market and lifted the 1924 was $38.084,323, as compared| May. Aggregate May sales of |lFreight revenue, $180,179,357; passen- | liquidate. T e e e Seng with $12,133.120 in'1923, a decrease of | chain store systems increased 14 |ger revenue, $9.0477I8. and other| The only conclusion that most |hiEhest since December 1. 1923. With $4,048,805, or 9.61 per cent, and was| per cent over last year, but in |revenue, $15,091,719. With the excep-| outsiders have been able to draw |drawal of funds by interlor banks equivalent. to a return of 4.92 per| most lines were less favorable |tion of 1920, and the peak year, 1923, from recent market movements iy |15 €xerted a strain on the market. cent upon the investment in property | than In the two months preceding. |the & evenues were the largest| that the public is neither buying ElliSeueat hellovem Showevar,s that devoted to transportatior service. —_— o7 T PTRC®C ™" lin the history of the company. nor selling stocks, but “sitting on |the current stiffening of quotations On the whole, the financial results =|" Railway tax accruals, amounting | the fence” waiting for something |Will be only temporary and that were _satistactory. The amount ' miles of subsidiary companies, the'to $9,548,085, absorbed 183, cents of ! to happen. moneywll flow freely back into the carned in the actual ope‘x'nuons of | first main track mileage i3 5.900 miles every dollar of operating revenues| . oI 0 SR IaEEeCEa ter RIGI Vil e rallroad property was $38,084,323. |and the total mileage of all tracks|remaining after the payment of op- —————— while the return from other invest.|10.699 miles. In addition the com.|erating expenses, and railway tax ac-| HIGH STOCK EXCHANGE BALTIMORE, June 29 (Special) ments was $5,657,290, making a total | pany exercises trackage rights for |cruals and miscellaneous tax accru- Total receipts of bananas last week income of $43,741613, from which | passenger traffic_only from Phila-|als combined mearly equaled thel SFATS DUE TQ SCARCITY [reached 104122 bunches. exceeding were deducted fixed charges, etc.,|delphla to New York, a distance of |amount paid during the year for divi any week's receipts for the season. $27.421.924, leaving a balance of $16.| 97 miles. dends on the preferred and common| NEW YORK, June 29 (®).—Estab- 689, and after payment of divi 5 : stock of the company, or nearly|lishment of record hi 1 dends on the preferred stock of $2- Road Has 63,681 Employes. $9,951,861. e Yorie Sloae B chises tate tis ¥ there remained $13,965.152 The company's equipment, v 32174 S week, first at $116.000 and t t showing an earning of 9.19 per cent | ar §199.998.101, conainn ot o e o L o 51201600 vreulefl surprise inheq":ll on the outstanding common stock of | steam locomotives, 11 electric loco- The company has been experiment-|street, which has been accustomed the company. motives, 100,092 freight cars, 1,441|ing with gasoline motors as substi-|to watch the value of Stock Exchange 7 . passenger cars, 3,202 work equipment | tutes for steam locomotives on branch [ memberships rise and fall with the Usual Dividends Paid. units and 179 marine equipment |lines and the management Is con.|stock market. Quarterly dividends were main- | units. vinced that substantial economies| Brokers explain the present situa- tained throughout the year at the| The recorded investment at De-|will ultimately be realized from such|tion by the fact that the number of rate of 4 per cent per annum on the [ cember 31, 1924, of the property de.|changes, at the same time improving |idle memberships was thinned out preferred stock and 5 per cent per |voted to and used in transportation |service to the public. during the post-election boom, so that annum on the common stock service is $773.814915, an increase| There were 32,174 stockholders of lonly attractive offers can now induce The operated mileage of the com-|over the previous vear of $20,654,074. [the y of record on December|Stock Exchange members to part Seei dupenncoment pany is 5,196 miles. Including 104! There were 63.939 emploves in the|31, 5 'with their seats. | Tuesday’s and Saturday’s Star That Millions Daily May Ride With Speed and Safety Frank Hedley President, Interborough Rapid Transit Company By the Associated Press. i i, srought about by dealers |, Nat Pub Soc B 1orninz, brousht about lealers 2 A e Nat Pow & Ltl. 344 at Tea Co .- .. 381 Y Tel Co ptallz ck Pl n pf wi 84l izer ('nrg A.. B3l ow ¢ 10% o carrying large supplies of live chick o) i b R 1 Bttt et o) e 2 5 12 e orn e L over from last week. Dealers| Ioe S k a price drop will come before i Am Pow ‘& 1t 64 Rt 2oBERZEa0 the close of the week. Large receipts B & L 0 new y A G tomorrow. it is stated, probably will k ks mean reducing prices i € 08w 15 N Ot 1 & Only the larger Spring chickens are | G S E e o} Qmatbus Cor vie in demand, according to dealers, and At GEW I S S b 11, Penn Wat Po C e R 2e: e 0 1 Dot Pt tirey command a price about 5 cents Beaverboard ¢ 9% P Corp NY X Beil T Can 4 i 5 in advance of the smaller stock. Hth "l i g R Worty-five for the larger and 40 for the v i 2 Purity Bak B mailer chickens were- prices quoted C: 1 1 1 Byrene Mix 11 this morning R 7 . 288 : R'baum Gr Cotd Very few turkeys are being received, Rova Rad ... t t is ve little demand for T ( 4 “:QI:V_CP;*V é Lt them. Old ducks, not in demand, are 8 Con G Singer Mfx.. .. Hot quoted in market lists, while Con G Balt 612, 1 Singer Mfg Lid’! young Spring ducks are quoted at 2 TR o Y 3 “},25,"[“5‘,“ o Aui Old hens are 27 and 28 L g 7 Southeast P & L. Today’s Wholesale Prices. Detratt o % Sou Cal Ea A Butter——Fancy. tub, 51; prints, Junlon . Store packed, 28a30. Galena Siz Gl Eggs—Fancy, selected, candled, 33; Sonera] Tepinei average receipts, 31. Guit ol Cor 5 Po v iSpuingiio Tood Rubher 76 lar 5; small, 40: Leghorns o e heavy fowls, 7. ducks, 2); keats, 5 Manitoba Pow to 75 turkeys; 25: geese, 12alb Morr Lressed: Spring chickens, large, | medium 8aa0: small H r] s, 30 B 3 . - 4 h: 2 Tower Mg 10l Live stock—Calves, Siial H P Tuhize Art vie 1612 hogs, 12. #Phila Rap Tr 0. z Union Carbide Meats—HReef, 17al8: veal, 15: Spring '.';’;‘M"‘I‘“t"l Ol 10 & Enew. lambs, 30a32; hogs, 211za22; loins, 31a .Sheff 68 .0° ¢ 33 hams, 28a30; shoulders, 18a20; smoked Am: 30a32; smoked shoul ders, 18220. I FEEREREESE W SEFEE ST 5 R s Iz = e s @Smgiom il ixon IS XSSO e gEunta, casges il > s (e G PR S I el * N o0 23 5k = 5 DD Daa: @ SSELES 3 =1 Fruit and Vegetable Review, o Today's market report on fruiteiand | ~® Tidal Osage vegetalles (compiled by the Market ;I"Q"R;;!_‘,‘pl' b . News Service, Bureau of Agricultural 3 Rub 6138 ' White R M Sprn 1cs) says E Rub 615 Wilson Co n wi mand moderate, market steady; Cali Rub 41 § MINING fornia. Imperial Valley, Salmon Tints S Rubi8le s 078 A0 ATizsGlabesGan &tandards, 45s, most 4.50; § Y § Rub h 2 ara Chino Ext Mines 4.00a4.25, jumbos, 45s, mostly Vayne Ce 53, Contl Mines i , 4.50; ponys, bis, mostly 3.50; flats, Webster Ml i Qons Cop Miney 1s, 1.75; 9s, 1.50; some soft ripe FOREIG Furcka Croesug Honey Dews, standard crates 3 Alpine. Mont S e Cucumbers—Supplies moderate, de : mand light, market steady: Virginia, Nortolk se hotbed stock, bushel hampers, fa choice, 1.50; Muni Medellin 88 North rolina, bushel| 12Frov C F 75 wi Lid han s, No. 1, 1.50; No. 1.00. 180l & €66 34 B 150 Am Gold & P “ia Lettuce —New York supplies mod 2 §wiss Govt Blge et erate; demand limited, market steady:| g Tons Bl bow e 7 ‘908 § Wenden Cop” .11 3% pi itk GEETES R T T e I o B S B n e A ST NSROULR R B S SO is metemisogmna 3 2 iz o i T F o o E B isiaiac @B AR GIID R G DI DI D ISR > Copper * Cor Mont Min %N J Zine .....d & Nipissing .00 133 Ohio _Copper 20 Par Por. >3 e i 5250mmon SEE A ISy n o PEELIS 3 L pa meoikion APt et SO BV N s L= L ¥ o e b3 - dozen crates Big Boston type, most- | sates i e . s 1.75: few t higherg Washington | units. STANDARD OIL ISSUE e e - cmnd el e | SRR IRy COTTON QUOTA"ONS FOR over 20 years the Interborough (subway and 6.50a7.00. o At | l’;\‘.‘.;‘,‘vé‘i.‘m'!i“:ynr.l ‘23‘:’ “ IN HIGHER GROUND elevate.d) has provided safe rapid transit fqr Peach Market Steady. it Bl G R b W dt | Metropolitan New York—“The Interborough is Peaches—Supplies liberal; demand | 430 lmo 0-Cin iew.. "33 The Safest Railroad in The World.” moderate, market fairly ~steady.| 1980 IpLFet O K. i By the Associated Press. seorgia, 6s, Hileys, sm size, 2.25 0 Nat Tran a NEW Y 2 . . . 5 “medinm size, 275a3.30; mostly | 103 Ohio QY- : | NEWNORE. fine 20 TLe cotn To maintain safe transportation for New York’s - RO aling, Son, o 0 Prairic O&G new 8015 : cance of 12 to 25 points, and by the illi i ol gl 50 Soa P oill: 175 end ot the first hait hour was 19 to millions, day in and day out, demands the utmost ze. 2.2a2.50; Early Rose, small fo| 330 3°8 imatanaOo: 183s 188w 124 | 57 points net higher, all months mak. efficiency from men and equipment. The men of the medium si 2.00; few higher. 00 S O Kansas Potatoes- ate: 200 S Ken: 3 i new high ground for the move- ] e & ” e3 & Totine s B B R 3 e E T> 21T aaa Interborough “know their jobs.” They are aided in mand moderate, market steady: North g = . v . . . Carolina. and Vireinia Noctllc seer| . 28 SugntB iz December fo 2435 on covering, trads maintaining a high standard of service by mechanical tion, cloth-top stave barrels, Irish cob.| 1200 Vacuum oil ... and commission house buying, whicl = s % = .. e S D e e e e e o (as stimulated by bullish private crop equipment which has proved its enduring quality. ? g in hyndreds, Ac : reports, relatively m—r? Lh':rpo:l = . x Am Maracaibo 10% 5 | bles and complaints of continued dry Your Banker Know Ak XaTewn.C 2 L e L Naturally, then, you find When in doubt about a security rg0 Of 5 ¢ Four more private end June crop consult your banker. It is equally 3 a3 3 reports were issued with condition e as much’his interest as yours to pro. ; fimures ranging from 72 to 76.3 and The Easy Writing tect your savings. You trust him L 3 figures on the indicated yield from with vour deposits—why not trust ¥ . about 13,282,000 to 13,800,000. One of him with your investment problems? the reports did not give the indicated crop, but on the basis of condition and acreage figures was interpreted as pointing to a yleld of 13,110,000 bales. e — 18 Bonr G RUREE Washington Stock Exchange Efbaon 34 € 5 b " SALE! e ocl - Nes Y cotto ] i i 4 CAvitel Traction' se—-S500 at 5. 5500 2t e oT ek caton fes e closed landrint standard equipment in the ?fficei oft] elngr_ ey TePotomac Electric 1st 5s—$1000 at 5 Lago Pet . oo e ) ; Range Rapnd.Tra'nmt Company, for wherever efficiency o *Fotomac Elec. cons. 381000 at 100, e Dakobert. oo 28 £ St operation is at a premium, the contribution to accu- bk Sl e S Mount & 0 Miw AR 20 2395 Tom | racy and speed made by the Royal Typewriter is most 57008585 198 S0 4009085 0% 035 0% Nev Pradfora 0 comBer A Yardaly 23O Mar h %5 B8 appreciated. 1035, $1.000° at 103%. S at New Mex Lund New Orleans Quotations. 701 $1.000 at. 7 $500 at 79 0 Reiteh Fost ~Oil Wachineton Gag Light— o patE s at 61. 13 at 61. 3 at 61, e % than warranted by Liverpool cables. i i i ve made them the & S sing 3 e The bullish tone was influenced by tinguish Royal Typewriters, have 830 g e s S0 &% E¥% 4 Tidew O név wi : [the continued Texas drouths. Later natural selection of successful business throughout Canston Monsirpe—s at 83%. 150 W delan, Bt : October reached 23.64 and December the world. tossstid s AT Vi T 4 Wiicox 0&6 new " 23.77, which were 35 to 36 polnts e atlonal Mege. & Invest. pId—50 at 0%, above Saturday’'s close. At these fig- 50 at 912, 100 at 9 Vi 5 . .. R 5 Adirond Pow.. B R T e To modern business everywhere, the Easy Writing Washington Rws. & Elec. 5. & . 8 33— | 3 Afoq Back new. © at et advances of 15 to 23 vointe, Royal Typewriter brings the maximum of mechanical 3 3 § efficiency and ease. PR g >3 S Dear 265 ‘eand hington Rwy. & Elec. 45—$1.000 Py o . " = 43, 51,000 at Theg. S600"at TOK T Eelieh oeg, 1 NEW ORLEANS, June 20.—The Eficlencyevenecogmzeseflicnency—-andthemechap- 180520t EGUEiat ODIVEE 0P G Boval € 0'& & B e i e ical accuracy, speed and ease of operation which dis- oo Do P $500 at 1023, 3 o k. Wachinkton Gas Light—$100 at 81%. AmGas &R0 WaShinston Gag o0 Soorskbo at 02 % Anm ington Gas 6s 3—S$800 af 2%. m $200'at 102 5. 3300 at 1025 Am UNLISTED DEPT. AR P Chapin-Sacks 8% p{a—17 at 98%. 2 Am #8. 10 at 08 foc=onas 29 Am Superpow B Money—Call loans. 5 and 6 per cent. TR Bid and Asked Prices. BONDS. Beaverboard pfd PUBLIC UTILITY. Boissonnault G : £ e 06 Psas Bid Asked. 'fi"t':‘; e M & i e e e e TS . | 6%; last loan, 6; call loans against & Telga: 4% H § Bream Tob Gon acceptances, 4; time loans firm; mixed il . Brit-Am T C Reg 2 8 collateral, 60-90 days, 3%a3%; four- Anacostia & Potomar % o B six months, 3%a4; prime commercial Ana. & Potomac fiar 113 i paper, 3%a4. SHisneoes FP P S R T ] cember. CALL MONEY HIGHER. NEW YORK, June 29 (#).—Call money strong: high, 6; low, 4%: ruling o R EAEHE R TR T _,_ e 9 ST A1 ol B iooi: | gl i 44 or burning ELEczema 073 14 Check Cab Mfe A 2Chic Nip' A1 Al o § Chryer 3 ¢ Apply Zemo, the Antiseptic a0 =z Ao e 2 =4 19338 B i Liquid—Easy to Use. 1021 Com P ¢ pd.. Com P C new wi Com P C wie ons G Balt new R AESEAR When applied as directed Zemo effec. 1085, TR tively removes Eczema, quickly stops & Contl Bak ptd itching, and heals skin troubles, also B Conu Tob Inell Ty Sores, Burne, Wounds and Chafing. It lcana 00 3 penetrates, cleanses and soothes. Zemo e 2 1R Curtiss Aero M. § a clean, dependable and inexpensive STOCKS. 4 R." “‘:;v RMIP‘ o al eptic liquld, that is especlall PUBLIC UTILITY 20 Bugier CC& R 1 7, |adapted for daytime use because it dos fmer Tel & Telga........ s § Durant. Mgt .. ) ] not show. Trial bottle 36c, large size apital Traction 3 3Duz Co Ao - $1.00. Zemo Soap, antiseptic and heal- Wash. Rwy TEl Invest Inc.. 591 Wash Rwy 1 8 Eureka Vacuum Terminal Taxicab > e 1El Autolite 4 ok NATIONAL BANK ;jg;gn;';fl;';.f‘"ci_';;] Fox Pictures A Frank Miz Co R ¢ Natfonal Capital ..... 5 s 1 Columbia e 3 Com al Eioicer 5 Freed E Distric eroshman Chas fEpaseiiig ) MR 4 ~ TYPEWRITERS Lincoln 15 Gen Gas & Elec. National Metropoiitan . 415 Gen G&E cony pf & ; jen GEE N\ “« ” e B femab gk ' ANV Compare the Work TRUST COMPA 8 G Otdr AC vtc a8 5 34 3 Y b ROYAL TYPEWRITER COMPANY, Inc. " American Se . 3 Glen A ) Continental Trust .. i & é}r:fi;{:i hire T3 : P 4 1420 New York Ave. N.W. gim,@:‘fm ut'mflnd Cflt suonal Savinse & Truisi 165 g &C R s 4 N, Phone Main 4103 % tral Terminal, New York. patatuethas st £ 35" & SC of. ! | Branches and Agencies the World Over 4 Commerce Savin r Hazeltine - FastoTiagngion Hunt Brog com T T T el Totar No More Sore Feet ! ited Staton.; 5 = eE e " 2 Corns and Bunions Gone— T Washington Mechanic S 2 Aot Sonten €1 461 453 Why sutter f P cesian i 1 Me D 3 * from tired, aching, Y, S RIS L Inter e B ewollen and sweating feet, paintal " : R CRAND CENTRAL aoh = Jones Radio 4 corns or bunions. when you can § e, remen's Kelvinator C. . get instant relief with ‘Allen’s National Union . oo 15 . 31 Lehigh Val Coal . Foot-Ease ? Shake it into your TITLE INSURANCE. 3 Lehigh Val C NG shoes in the ing—then walk Columbia Title... ... 9 Lehigh V C & Na 1 all day in comfor. For those who Estate Lib Owens_Glass 1 1ike to d Bike, pia; > Lib McN N&L n ance, hike, play golf or R Lib R Ch Strs. . tennis, Allea’s Foet-Ease is in- dispensable. It will increase your enjoyment and efficiency. aper_Pfd . 3 Mere Stores ... Chante Trans. ‘& Storar = MeC Ra Mg v Trialgackage and @ FootPise Walk ing Doll Free, address, M nthaler Linotype 178 Mengel Box . ... ALLEN’'SFOOT-EASE Natl Mtze. & Tnv 93 Mesabi Tron id Dutch Mar] Le Roy, New Yerk S 2t P23 3 S nmn 34433585800 FEE FEE F L FES g S5 S 3 TR et FER Y3 3031983 e B35 0 old arket o : ; cest Util " a . 3 A Tul pr lien S35 r Ra & Drop Fi A 15 Moin Pic_Cap € : ohawl V. n wi 42 special ‘div, _ Master Co 17 da2a Bk S A Kb - G R S B AR E