Evening Star Newspaper, July 21, 1925, Page 19

FINANCIAL, ° __—_—__—_—~*__t—__T—HE___—_EVENM_4—__*—_____—_—_____—— NEW YORK CURB MARKET DEMAND IMPROVES - INMEAT MARKET Cooler Weather Starts New Buying—Eggs Lower at Wholesale Today. Cool weather has done much to help business in the meat market, accord- ing to reports of dealers this morning. Smoked hams, always in demand, are quoted at 30 and higher than usua firm The market was reported firm or nts, prices much and the market is 1 pork products. Home-dressed meats were quoted @ little in advance of storage stock and were in de- mand. Loins were quoted at 35 and| while 20 and were pric quoted shoulde rtinue to re- the ronditions for growing crops and bright prospects for bumper vields in some sections. s Wholesale Prices. tub, 48; prints, Toda, Butte store Faney B1; 34 avera Poultr heav for to 75; tur ; dressed Spring mall, 40; Spring loins, 35a hams, Meats—F mbs, 30; shoulder etable Rev t on fruits and compiled by the Market e, Bureau of Agricultural said Ne Economic: “antaloupes—Supplies heavy; de and slow, market Arizona, salmon tints. t, 2.50 umbos, 453 al.50; flats, meats, standard 1.00a1.2 and flats, tints, Carol dition, very range quality a sales, best, 2.00a2.50; poorer, 1.00. Peaches—Supplies moderate; demand light, market Georgia, sixe 2 as. larg ; medium s Elbertas, large size. t few 3 poore North Caro- lina, sixes, Belles, medium to large e, falr quality, Carmans, size, 2.50a Virginia, Y sales, medium to large size, mostly around 2.00 Potato Market Steady. Potatoes—Supp! and light, marke Virginia, ast Shore, cloth-top bar Irish Cobblers, U. S. 6.0 3 few 6.50; Norfolk cloth-top stave barrels, Irish T No. 1, 5.75a6.00. Watermelons — Supplies moderate; demand light, market dull; sal to retailers; South Carolina, Tor and Thurmond Grays, 30- Ib. average, mos ipplies “light; steady: New York 2- | , big Boston type, 1 . | pplies light; demand good for small stock, | re and Virginia, | Transparent, large | ; small to medium size, | low as 1.25. | light moderate, market dull; New bushel baskets, Telephones, 2.0 Cucumbers—Supplies moderate; mand moderate, market dull; Mary land Delaware, bushel hampers, for large stock, slow market stead: bushel few Supplies very OLD WHEAT CARRY-OVER LESS THAN LAST YEAR The carry-over of old wheat was estimated by the United States Crop Reporting Board at 87,000,000 bushels as of July 1, compared with 106,000,000 a year ago and 102,000,000 on the same date in 1923. The amount in country mills and elevators was placed at approximately 25,000,000 bushels July 1, compared with 37,000,000 a year ago, and this| was combined with estimated stocks | of 30,000,000 bushels remaining on farms and commercial visible stocks of 32,000,000. ‘Wheat acreage of Argentina for 1925-26 i3 larger than that of any pre ceding year, the department report: The acreage sown is estimated at 18 500,000 acres, compared with the har- vested area of 15,977,000 acres in 1924-25. ‘WOOL DEMAND ACTIVE. BOSTON, July 21 (Special).—De- mand for fine wools continued active in the Boston markets today, despite the failure of Australian and London arkets to show the strength that was expected of them. Mills running low on stocks and requiring wool for prompt del are placing enough orders to enable dealers to hold prices RAW ? SIL;{ DECLINES. v YORK, July 21 (Special).— goods markets were firm to- was not so brisk t cloth quotations cents for 64x N, Cotton day, though busin as on Monday. P were unchanged at & 60s and 103 for 68x72s. Raw silks continued thelr decline in a dull mar- ket. The XXA denier now tops the list at $6.55 a pound. BUTTER LOWER TODAY. CHICAGO, July 21 (®).—Butter lower; receipts, 25,488 tubs; creamery extras, andards, 42%; extra firsts, s, 891,a40; sec- Eggs higher; receipts, firsts, 31a32; ordinary RATES ON BAR SILVER. NEW YORK ver, 695 SACRAMENTO, July 21 (Special). Placer Coun the largest crop ot Bartlett pears in history, pects to ship a thousand ca viard. LIVE POULTRY HIGHER. CHICAGO, July 21 Poultry— Alive, higher: fowls broilers, 23a28; spring 18; tur- keys, 20; ducks , 13a20. ! Received by Private Wire BY WILLIAM F. HEFFERNAN. W YORK, July Z1.—Subscribers to the recent public offering of 200,000 shares of Motor Meter Company class A stock at $38.50 4 share were greatly satisfied with the action of the sfock n its initial trading on the Curb Exchange today. A block of 3,000 shares opened ‘at 41 and thereafter the price fluctuated between this fig- ure and 40. The stock is enttled to dividends at the rate of $3.60 an- nualy. Another feature was the advance of |almost 6 points in Remington Type- writer to a new high around 47 Buy | NEW YORK, July {1s an official list of bond | traded Following and stocks 2 wd K a4 2 (Can A 1Do% ooy 10 Bostan & Me 0s. 0 90 0012 90 3Can Nat Ry 7s.. 0 11014 i 4 Can Pac Ry 90N &S & Co 74%a. 104 roit City ‘G 6s. 1 3 75 10 13 wi 104 nk 6155 100 States P 6155 1 S'PS Boee 190 3 100 of 63 22 Thys I & St L 78 Bl P Tn 0'0f C UnR ot Ha FOREIGN BONDS. in Bl3s wi &9 150! & Co s 14 Swiss __Govt 40 Toho El Pow ( ST, Sales in units 1400 Anglo Am Oil 200 Atl Lob 10 Borne _ Scrymiser. 30 Buckeye P L 5800 Continen Oil new 200 Cumberland P L1 19 Gal S O pfd nw 1 1900 Humble &R I0M PL.... 500 Imp 0 of ‘Can 1 6300 Inter Pet C Ltd. 0 Magnolia Pet )N Y Transit 1800 Ohio O1l ... . 100 Penn Mex Fuel. . 100 South Pe K0 Southern P 5300 80 Ind 600 S 0 K 8003 O 208 0 S0 3 100 Swan & Fin #00 Vacuum Oil Sales in hndrds. INDEPENDENT OIL STOCKS. 7Am Cont Oilfids. 7% 7% 48 Am_Maracaibo.. 103 10 1Ar Nat Gas...... 8 i 1 Argo Ol 2 Cardinal Pete.. i snd 1 Crown Cent SRR AAELRAR 1 Kirby Pet . 7 L in on the New York Curb| Market today: Sates BONDS in thousands figh Low UAllied Pk s ey I Am Gas & El 6. 091, Am Iee 7, 11935 Am Pow' & N Am Roll Mins'o 18 And_Nat C tis w 17 A Sim Hard 6155 BAG & WISSbs 7 10 AUF 88 Ine Direct, to The Star Office ing accompanied reports that incom- ing orders have increased substantial- Iy, and that its plant is several months behind in its operations. International Match participating preferred sold up to a new high and |around 57 gained almost 4 points. Bankers announced the offering of 450,000 of the stock today at $46 a | share. At the present rate of $3.20 per annum the yield is over 7.10 per cent. Present holders are given the right to subscribe on_the basis of one new share for each now held. Engineers’ Gold, which has been the feature of the mining group for some time, was 3 points higher. INDUSTRIALS 1 Adirond Pow .. 95 93 0B 1 Adiron Pw 7s pt100% 100 100 { Alled Pasic nw?. " 0l 61y A 1'Am Gus & EI 808 RO% Hawaiian § s L& Trac Pow & L niw Pow & L of Rayon Prod Superpow A Superpow B 2 Am Super pr pfd m Thread C pf 27 Arm&C B v t of 2 Armour & Co pf & Arundel Corpn 40 Awso Gas & Ele 1 Al Port Cement 1 At Fruit 5 2 Atlas P C new 45 Balaban & Kz vie 15 Belding Bros 5 Boissonnault G C . B Bord & Co nw 4 Bridgeport 2 Bkiyn 1 Ruc Mach City B R rus Co Gen E1°Co D Gin nw ar Light arolina P 1 Cellulowi Co i Cent Ter nfd 2 Centrif Pipe Cor « Sac & C tterton Auto Auto ptd. ommonw 1t < G Balt new intinen Bak A. ontinen Bak B. 1 Contl Bak pfd. . 11 Durant Motor 2Duz Co A Ve 2 1 Bd & Sh pfd1 1 B & Sh nw co 1 Gen Tce Crm wi Garod_ Corp_. Gen G & en G&E_cv pf 260 ;& B ofd A 169 G&E nw A wi 641 G&E f B 155 en Outdr A C A 45% en G E nw B wi 81 ° 7G Outd A _C vic 263 5 Gillette S R 17Ga L Pow & R 1 Glen *Alden Coal 21 Goodyear Tire T 8 Gould Coupler A 2 Grennan Bak ... Habir El nw ¥t ot 17 Happiness € St A ne Corp. & Hardart Bros A ontl Rub. Ind C Mateh C pf Match C 1 wi 1Int Cul A 51Int Uul B Box Mid - West | Util Tul pf b lien I nw Municipal Sery. 5 Music Master 0 I Nat Leather 7 Nat Pow & Li. at Tea Co 8 B4y b1t 1947 11 124 100, et 13 831 5 pCo N ¥ 1 4 Pratt & Lamb C % 440 3Purity Bak B. 30% 397 i Punty Bak ptd. 97 = 87 1 Reid Ice Cream. 40 40°% 656 Rem Noisel TCA 47 426 1, Rem Noisel TC p 10! s 15 Reo Mot ...... 2327 x 1SS G P aw Vie EY 7 Singer_ Mfx Ltd. 46 Serv EI Corp AL % 150 Gas Pow A el 2Sleep Rd ¥ t of 10 Southeast P & L 313 South Cal E. X Cal Ed A ot 1a g Een pid 1103 k. Pap. - and Pub € A % andard Text. 27 Loz pet | 5, o3 6 Lion Oil .. .. 215 2 K Livingston Pet . 18 1% 20 Mex Oil . e Y A8 15 Mex Panuco . 1% 1l 4 Mount Prod 21% 21% 2 Mount Gulf 10 “188 ¥ opatrd 0 8% 182 3 Door Ot corp-10 18 Mg 14 Pennok Oil Corp. 7% 613 2 Red Bank Oil... 36 2 13 Reiter-Foster Oil 21% 2 sHoyal CanO & R 65" 50, Van Con ... B S ckeons 1 73 78 Shreveport El P % 7 £ 3an oh a7 3w 2 Venezuelan Pet.. Sa% 2 Wil 0il & G nw 28 % SHORT-TERM SECURITIES. (Quotations firnished by Redmond & Co.) ~———Noon. i) RSoR3232ESRE828352323 Adirond. P. & L. C. 83 1920 Al o of Atner: 74 Amer: SeSuixar s ; el & Tel. C, 48 1029, Am. Ansconda Copper 08 192! Associated OIl 63 1035, imore & Ohio Bs 103 Rethionem Sterl 8s 1036 Central of Georgia 6s 19 Chi.. Mil F P FRPPLFESTR FSETED Quil B L & Pac 53 192 " ity of Lyons 65 : Columb. G. & E. 1st b8 1 % Continental G. & E. 58 19 it Du Pont 7iss 1031 i Erie R. R. Co. 2 S E5 5 ae 5205550555 it bt b b b bt i 1 102 10 i 103 103 100 e 100 100 106 i 186 Federated Metals 7 2 codyear T. & B_ & 110 % Great Northern 7s_1 1093 Guit oil Corp. Pa! 1015 1 Hock. Val. R. R. C 100y 1004 Humble Oil 53zs 10 101 o011 Lehieh Pow. Sec i0a7 101l 101h Fie N 247 10 oskTe %o T2k Gl ont 108% 102 7 Fork Conpral n 1008, 108Y 100, eron Short Line 45 971, 07 Bloma: R, R 78 108 7 10833 Sinelair €, OiL P, 100% 1008 witt & Co. 53 1 961 B6% ter 01l 01 1017 102 Tac. R. R. Co. 45 1 9% 9% Tarik Car 7 1023} 103 Rabber 73" 1030. 0 1078 1075 ern. Union 613s 1036°©© 1103 s fii 1931 106% 107§ tinghouse E.&M. 7s TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ———nNoon.: 2%s § -16 s 2 i 4% F3 1B, 1028, 35 March 16, 1927 }4 . 15, 192 NEW YORK, July 21 (#).—Stewart ‘Warner increased its net profit for the half-year to $3,466 val to $5.77 a share, sgainst $2,009,555, or $4.23 a share, %a the first six months of 1924. STOCKS EX-DIVIDEND. Dollars Corporation. per share. —General Cigar Co Inc i | Roy Dut tmp ctf NY shi Allls-Chalm Mg Co In - 4—fgich Top & S I ptd. Tuly 24—Burns Bros pr pf.... . JUIY 34—Nash Chat & St L R July F4—Pacific Coast st pf... Tuly 34—Shell Union Oil Corp July 24—Washburn-€rosby Co Pleess Date. i a1 Statz Mot % 1 SmE ha o 2tk 81y a5% i G &E new. 82 hi Lishe & D A 1168% Uni L & P A pf. B% nt Bit Shar. 58 315 1 5?' 5 5 $h gk g% 7y B5% Ob% 0% 40 40 22 18y 8% 1% 714 7w 10 Ariz_Globe Cop. 40 Butte & West 20 Canarig_Cop 1 Cona Cop Mines 20 Corter Siver - 24 Eng Gl4 M Ltd T 0 Eureka Croesis 0 First Tho G M Flor Goldfield M Hawthorne Hecla Mine © - ! 172 Kay Copper Cor. Lorrain_Cons M ew Mont Mine 10 Spe 10 Twck Hughes. . 10 Tono 3 Tono Min " 10 Tn Bullion 2 Uni_Verde E: 10 Utah Apex 8 Wenden Cop CHICAGO LIVE STOCK MARKET CHICAGO, July 21.—United States Department of Agriculture: Hogs—Re- ceipts, 19,000 head; very uneven; most- ly steady to 10 lower than Monday's average; few lightweight specialties strong; underweight, steady to 25 low- er than yesterday's best prices; major packers bidding, 10 to 15 lower; bulk, good and choice, 160 pounds and up, 13.40a13.80; extreme top, 200-pound weight, 13.95: bulk, 140 to 150 pound averages, 13.00a13.35; packing sows, largely, '12.00a12.30; majority strong weight killing pigs, 12.50a13.00; aver- age cost of packer and shipper droves of hogs here Monday, 13.09; weight 249 pounds, heavyweight hogs, 12.90a medium, 13.20a13.85; light, 12.80a light light, 12.25a13.60; pack- ing sows, 11.60a12.50; slaughter pigs, 12.00a13.25. Cattle—Receipts, 9,000 head; rather a lifeless market, very uneven; gen- erally steady, killing quality largely medium to good; highly finished grain- fed steers, all weights, selling to spe- clalty demand; long yearlings, 14.50; best heavies, 14.25; bulk, grain-fed steers, 12.00a13.50; short fed, 10.00a 11.50; grassers, mostly 9.00; latter very slow; grass cows and heifers, dull; grain-fed kind fully steady; vealers, steady; 10.50 to packers; outsiders, up- ward to 12.00. Sheep—Recelpts, 7,000 head; fat na- tive lambs, fairly active; strong to 25 higher; mostly, 25 up; sorts con- sidered, bulk desirable kind, 14.25a 14.50; few to city butchers, 14.65; no early sales range lambs; small supply DIVIDENDS. Pay- Stock of Corp. Period. Rate. able. record. D .. @ 1%% Aug 1 Juy 21 Hunt Bros PRck- ) B 33%c Aur 1 July 24 India 2% Oet 1 Sept 21 gubb«r 2% Oct 1 Sept 21 '"'qm oL Q 80 Oct 15 Sept 15 :C\‘\Entxi‘;;"c 25c Sept 1 Aus 1 Melvilia o smin 2% A 1 July 24 Bt S0c Auf 1 Juiy 24 NN R OTE 125 Oct 1 Sept 1 Do Pl e § HAR & LN Stewart_ Dex: Speed.ea Q 3125 Aug 15 July 31 fat sheep steady; odd lots native ewes, 8.00a9.00; heavies, 6.50a7.00s quoted May, ASHINGTO COTTON FUTURES BIT HIGHER TODA Continued Deterioration Texas Crop Starts Rally Soon After Opening. 5 By the Associated Press. NEW YORK, July 21.—An easier feeling prevailed at the opening of the cotton market today. Prices were 3 to 12 points lower, but covering orders, especially for July, and reports of con- tinued deterioration in Texas because of drought, caused a rally which lift- ed October contracts from 23.80 to 23.90, at which level they were 2 points above the previous close. Rains in the Memphis section, which were regarded as very favorable, and indifferent cables, together with the issuance of notices of intention to deliver on July contracts, were chiefly responsible for the early setback in the market. Although it was still dry |over the Southwest, very heavy rains | were reported in eastern Arkansas and western Tennessee. New York cotton futures closed quiet at net decline of 12 to 20 points High. Low o R Range 5 July Oetober December Tanuary arch Openiny comber, "4 July o1 New Orleans Quotations. 3W ORLEANS, July 21.—The cot- market opened a shade easier ow- Ing to Liverpool proving lower than due. First trades showed losses of 2 to 7 points and prie eased off further right after the call, October trading down to and December to 23.40, or 9 points on both positions below vesterday’s close. Prices soon rallied 6 to 8 points and the market ruled very quiet, with little disposition to trade in advance of the bureau report due Thursday. Early reports mentioned fair rain in the north central belt, but none in the west. A private report made the condition 71.1 and the indicated yield 13,655,000 bales New York Cotton futures closed net decline of 12 to 14 boints High Low July emnbe 3.70 bid. FARMERS SPEED UP PAYING OFF LOANS Payments Being Made to Land Bank Before Money Is | Actually Due. Special Dispatch to The Sta: BALTIMORE, July 21.—Farmers in the territory served by the Federal Land Bank of Baltimore are antici- pating amortization payments on their loans to a greater extent than they are delinquent, according to the bank’s report for May. In May the ins ments'paid In advance totaled $100,633 against $90,789 in May, 1924. et mortgage loans of the B: ore bank, which serves the third district, including yland, the District of Columbia, Virginia, West Virginia, Pennsylvania and Delaware, totaled $53.408,616 on May 31, compared with $44,325,479 on the same date last year. The total of outstanding farm bonds issued by the Baltimore bank was $52,099,560 on May 31, compared with $45,356,300 twelve months previously. |ACTION ON ONATIVIA PLEA IS DEFERRED Broker Firm Must First Furnish Stock Exchange With Audit Facts. By the Associated Pre NEW YORK, July 21.—The com- mittee on admission of the N Stock Exchange has deferred action for a few days on the application of J. Victor Onativia, jr., for reinstate- ment to membership in order to per- mit the brokerage firm of Dean, Ona- tivia & Co., which has emerged from a receivership of about 17 days, to complete audits and submit_certain Vdetails of information required by the exchange in such instances. CRUDE OIL RECEIPTS LARGEST IN MONTHS Special Dispatch to The Star. BALTIMORE, July 21.—Receipts of crude ofl last week were 446,900 bar- rels, the largest for that period in many months. Only 200,000 barrels were received the previous week. Last week Mexico delivered 215,000 barrels in four tankers, and Louisiana led with 231,900 in three. One tanker brought 65,000 barrels of gasoline from California. GERMANS UNDERBID BOTH AMERICANS AND FRENCH NEW YORK, July 21 ®).—German producers of cast iron pipe have underbid French and American man- ufacturers on about 66,000 tons of cast fron pipe for New York Cit 8 to 30 inch sizes, includink castings! French makers bid only on one sec- tion of the tonnage on which they were second lowest. Domestic pro- ducers were about §1 to $2 a ton above the German bids. . SALMON PACK SHORT. PORTLAND, Oreg., July 21 (Spe- cial).—Hot weather has stimulated the demand for canned salmon. The East, South and mid-West all are buying heavily. The Columbia River pack to date is about 20 per cent short, but recent catches have been good. Alaska also reports a -short pack. * e ENORMOUS BUTTER HOLDING! CHICAGO, July 21 (Special).—Cold | for D. ¢, TUESDAY, JULY 21, 1925 Virginia Facing $40,000,000 Loss Due to Drought By the Associated Press. RICHMOND, , July 21.—Vir- ginia farmers will lose between forty and fifty million dollars un- less’ a general soaking rain de- scends within another week, Henry M. Taylor, State and Federal agri- cultural statistician, declared to- day. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Mergers. Not in a decade past has there heen so much talk of railroad consolida- tions. The transportation act was de signed to facilitate these mergers, and advantage is bejng taken of the new g attitude of the Government by various railroad operators, the chief project of this kind being, of course, the N el Plate combination. Speculators have not stopped with those mergers which have been official- ly admitted to be under negotiations, but have drawn up plans of their own more or less proba Under this stimulus pric of both bonds and stocks h: been advanced, not on their intrinsic merits, but on the sup- posed advantages which would to holders if and wh acquired the proy Reports have wides competitive buying by the larger tems for the securities involved. rom a speculative dpoint all this may be entirely justifiable; it is not to followed without discrimination by in vestors. Reference has been made to the danger from an investment standpoint in following up these speculative move ments in former articles ¢ these ies, but it seems necessary to em phasize the warning anew. Some of these mergers will doubtless be con- summated, more will probably be abandoned. In some cases the invest- ment status of the stock or bond, as the ¢ may be, will be improved. In other hope along this line will be disappointing. Therefore the only safe course for the investor is to buy rail- stocks and bonds on their own demonstrated earning power and dis regard evervthing else (Covyright. 1025.) BANKS IN SOUTH CAUTIOUS ON LOANS Georgia Institutions Refuse Money on Florida Land—Boom Still Going. Special Dispatch to The Star DELAND, Fla., July 21.—It is re | ported here that so great has become the rush of Georgia people to Florida |that there are now 30,000 forwardi addresses in the Atlanta post office While Florida banks are still loaning money to purchase; will no longer loan real estate, offic is bound to be a c boom and that caut cised. _ sanks cent on Florida holding that there sh 0 the nresent )n must be exer- When the end of the “boom™ will come no one can guess. So great has been the rush to Fl thi ummer t hotels which alway: have been closed during the hot weather are now doing a Winter busi- ness. The Jacksonville railroad sta- tion, which is usually pretty nearly | deserted in the Summer, is thronged | with travelers daily. There are many reports that car- penters and painters are getting $14 per day, but builders in this vicinity are getting all the men they want $3 and $10 per day. Many Florida people are still bt ing land, but they are displaying great caution as to what they buy and where it is located. Sale of agricultural land is now rivaling that of resort and city prop- erty, as there is still much fine farm land in the State which has never been developed. BEST CROPS IN YEARS SEEN IN MIDDLE WEST Illinois Central's Head Looks for Large Gains in Road’s Earn- ings in Near Future. Special Dispatch to The Sta NEW YORK, July 21.—The Illinois Central's net railway operating in- come for June will be about 10 per cent larger than the $1,394,994 of June of last vear, says C. H. Mark- ham, president, who calculates that earnings the balapce of the year will show a steady increase and more than offset the decline of a million dollars for the first six months. ‘The traffic outlook was good, he said, as he believed the cotton crop would be the largest in several years, while the wheat and corn crops wers well advanced and would be sub- stantially larger than last year. MILLS MAY ADOPT SWEEPING CHANGES Special Dispatch to The Star. FALL RIVER, Mass., July 21.—The Pilgrim Mills of Fall River are under- stood to be planning to enter the rayon manufacturing field.. As this plant is closely allied with the Draper interests it is belleved that this fore- shadows a solution of the problem of producing silk and cotton mixtures on a large scale on automatic looms. PACKERS VOTE DIVIDEND. NEW YORK, July 21 (®).— Hunt Bros., packing company, declared a dividend of 33 1-3 cents a share on the class A participating and preference stock, payable August 1 to holders of record July 24. This is at the rate of $2 annualiy. PORT BUSINESS DROPS. BALTIMORE, July 21 (Special),— Both imports and exports through the port of Baltimore last week showed a decrease compared with the previous week, according to the weekly report of collector of customs. storage holdings of creamery butter total 63,659,000 pounds, compared with 13,036,000 June 1,” with American cheese storage holdings 46,465,000 pounds, compared with 29,650,000 a month ' ago. Limberger cheese in storage amounts to 992,000 pounds. e FLAX YIELD IN DANGER. ST. PAUL, July 21 (Special).—The largest acreage ever seeded to flax in Minnesota, 740,060, has been planted this year, but moisture is damaging the yield forecast. Estimate is for « productiomof 6,268,000 bushels, com- pared with 8,117,000 produced last year. e EAGLE OIL'S INCOME. NEW YORK, July 20 @P).—White Eagle Oil and Refining increased its net income in the first quarter 1925 to $1,814,949, in comparison with $1,618,967 in e corres last year, McCRORY SALES GAIN. NEW YORK, July 21 (#).—Second quarter net earnings of the McCrory Stores Corporation increased to $438,- 818 after expenses and taxes, com- pared with $408,291 in the second quarter last year. GULF SULPHUR'S NET UP. NEW YORK, July 21 (#).— Texas IRON, COAL AND COKE COMPANY REPORTS LOSS Virginia Concern Has Poor Quar- ter, But Profits for First Half Year. By the Associated Press. NEW YORK, July 21.—The Vir- ginfa Iron, Coal & Coke Co. reports net loss of $70,264, after interest and charges, for the second quarter of 1925, against net loss of $51,199 in the same quarter last year. The first quarter’s profits, however, enabled the company to show net income of $147,041 for the first half of the year, equal, after preferred dividends, to 84 cents hare on the eommon stock, in contrast to net loss of $45,407 in the same period of 1924. TEXTILE EARMNGé UP. IW YORK, July 21 (#).—Net profits of the Standard Textile Prod- ucts for June amounting to $44,000 after all charges, brought the - year total to $408,000, compared with $3%0,062 1974 in the first six months of STOP—THINK—ACT Don't watl until it is too late to protect yourself against loss. To- morrow may be too late. We are in a position Lo cover vou against loss from any source what- —Fire. Burglary. Accident, Tor- 3, Autémobile idents and even ath Phone us today sentative will call and explain our con! ble companies, and ment of claims. N. L. Sansbury Co., Inc. Insurance Department Phone M. 5904 1418 Eye Street N.W. and our repre- d_ quote rates act. Old relia- vrompt settle- HOME OWNERS Can Secure LOANS Up to $500 In THREE DAYS Fidelity Guaranty Co. PHILLIPS BUILDING, W. FEDERAL-AMERICAN NATIONAL - BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President WANTED! SECOND TRUST NOTES Funds available for 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 90000000005 637 First Trust Note: ] b 3000000000 0004 | | Il Avsolute Satety—aAmply Secured on Corner Bus Property. fons $100—$250—S8500—S$1,000 W. H. WEST COMPANY 916 15th St. ! Main 9900 I P—S—T-! ar_lfet Tip Indicati the in e e DOw < a all of ou e they can Ie the ' interest rate i ~top-rate _ear for another )| Chas. D. Sager 921 14th Main 36 Little. By Little ystematic Small savings intelli- gently invested grow to a massive fortune. All persons agree that our First Mortgage Notes are good in- vestments. So why hesitaté? Act today while the matter is fresh in your mind. Write for booklet or call L. O'DONNELL, MGR. Mortgage Department 14th & K Main 9080 Sate 7% Bonds INVBST your funds so that they will bring you a definite, de- pendable income of 7%. Invest in 7% Smith Bonds, which give you the protection of safeguards that have resulted in our record of no loss to any investor in 52 years. The Strongly secured First Mort- gage Bonds which we now offer will pay you 7% for any period from 2 years to 15 years. And you may buy these bonds in any amount, in denominations of $100, $500 and $1,000, cither out- right or under our Investment Savings Plan. Send your name and address for our booklet of current offerings. No Loss to Any Investor in 52 Years Gulf Sulphur earned $4.24 2 share in the first half of 1925, with net in- come of $2,695,377, against $3.68 a share in the same period last year and net income of $2,337,641 FARM WAGES ADVANCE. TRENTON, N. J., July 21 (Special). —Average fa; have risen rapidly in the last few years, although they are still below those paid in the West. The supply nding periodl at present is placed at 82 per cent and the demand at 87 per cent of normal, wages in this State [ The F. H. Smith Co. Founded 1873 815 Fifteenth Street.-Main 6464 New York Washington, D. C. Pittsburgh Philadelphia Minneapolis Address 90000000600 R R R FINANCIAL Money to Loan Becured by first deed of trust on real estate. Prevalling nterest and_commission, 420 Wash. L. & Trust Joseph I. Weller 420 Wesh- L & i i1 Duke-Price A Leader One of the largest hydro-electric developments in the world. 000 "H. P. initial _cavacity. Bonded debt per unit of capacity probably lower than that of any other comparable situation ~on this continent, We Offer Duke-Price Power Co. Limited 1st Mtge. 69, Gold Bonds Due July I, 1949 Price to Yield 5.809 Circular on Request The National City Company Washington—741 15th St. N.W. Telephone—Muin 3176 To Men Who Think Ahead— Make plans that will free you from worry in later years. Ask for our special booklet abot factory method of saving and ir ed. You Can Start With $10 It will cost you nothing to obtain the book, and there will be no obligation. Mortgage Investment Dept. Oldest Savings Cor. 15th 58th Year | REAL ESTATE LOANS |- | 53% el RESIDENCE WAFAS ~A:’l‘ w“v BATES | FRED T. NESBIT | |INVESTMENT BLDG. Main 9392 STOCKS BUCK & CO. —BROKERS— Established 1916 We Buy and Sell Listed Becurities Outright or on Margin BONDS Our Marginal Requirements Are Reasonable and Attractive Visit Our Board Room or ‘Write for Weekly Market Letter Direct Private Wires New York Baltimore Philadelphia Washington BUCK & CO. 1420 N. Y. Ave. N.W. 312-13 Evans Bldg. Phone Fr. 7300 it the most secure and satis- nvestment that can be devis- Clgihl & Surplus, $2,000,000.00 » Business Need ot Prevent You —from the enjoyment of an European trip or vaca- tion elsewhere. The appointment of this company as General Agent will insure competent at- tention to all your financial matters. & Talk it pver, at your conven- ience, with our Trust Officer, National Savins & Trust Co. E Depository in Washington and New York Ave. jol——lalc——lajc———|a[——1 ii on Improved In th Houses Business Properties R RANDALL H. HAGNER & COMPANY MorTGAGE LoaN GORRESPONDENT RN DR U N SR A S R U R R D e he New York Life Insurance Company First Mortgage Loans Distriet of Columbia and Suburbs for 3, 5 or 10 Year Periods 5% ON APPROVED SECURITY Apply & R Offers to Make Real Estate he Apartments Office Buildings S umm@m@mmmmflflmmmmmmflw L. returns Safe, k fair ret and car grets funds. Quarter of a Century Without 6%2% a Loss B. F. SA Main 2100 TO THE WOMAN WHO HAS OR MAY HAVE MONEY TO INVEST Glittering promises of large Invest in our safe you then eliminate all risk. \ seldom materialize. nown investments at a urn of income are sure n certainly catise no re- because of vanished FIRST MORTGAGES UL CO. 925 15th St. N.W. IR AR T