Evening Star Newspaper, July 24, 1925, Page 17

FINANCIAL. CHICKENS CHEAPER INLOGAL MARKET Heavy Receipts Are Big Help to Buyers—Prices or Beef Unchanged. A reduction in poultry prices ie interesting feature of the day's market, and dealers think still lower prices will prevail in the near future. Heavy receipts are said to be respon- sibie. Targe Spring chickens were quoted at 35 and 36, medium at 32 and 33 and smail white Leghorns at 27 and 28. Very few turkeys are being received, and dealers hesitate to e quota- tions. They did mention 25 for live and 30 for dressed, however. Today's Wholesale Prices. Butter—Fanc, store packed, E 34; Toultry arge heavy 10 to essed was 30. selected, candled, 3%a. average receipts, 30a3l. Spring 20a25: keats, geese, 12a large, ducks. chickens, 3oz za fo turkeys, Spring chickens nall, 40; turkeys, 30 zeese, 15 Live stock—Calves Spring, 13al4; ho; Meats—RBeef, 1 ambs, 3 : hogs, shoulders, 20a smoked shoulders. Fruit and Vegetable Review. Today’'s market report on fruit vegetables (compiled by §t:al0tz: lambs loins, hams, mics) said liberal; de- ‘alifornia Salmon pp mand light., market Imperial Valley and 2 Tints, standard 35s Arizona, Pink Meal 128, 75aS stly 1 flats, 125, mostly 1.00; North Carolina, idgeway section, Salmon Tints, stand- ds, 36s and 45 : best most- v 2.00: other sections, Salmon Tints, standards, 36s and 453, 1.00a1.50; flats, 158, 35a50. Peaches—Supplies liberal. moderate. market stead: North Carolina, 6s. Belles, large size, ize, 2.50a2.75; ripe, baskets FElbertas ar size, 3.00a3.25; fair quall zize. Virginia. Carmans. large size. 2.00; best, mostly 2.00 Potato Market Steady. Supplies moderate; de- market steady: Virginia . cloth-top_stave barrels, Trish Cobblers, U. S. No. 1, 6.256.50; Norfolk se: stave bar- vels, TIris No. 1, fair quality, &. Watermelons — Supplies moderate; demand light, market dull: sales direct to retallers; Georgla and South Caro- lina, Thurmond Grays and Tom Wat- 30-32 1b. average, 65a7a; 26-28 rage, 50a60; Excells, 35.1b. aver- 5 each Lettuce—Supplies moderate; demand light, market fairly steady; New York, 2.dozen crates, Big Boston tvpe, fair quality, 1.00a1.2 Lima Beans Cheaper. Apples—Supplies _liberal; demand good for Jarge stock, slow for small stock; market steady; Delaware, Mary- land ‘and Virginia, bushel baskets, Williams and Transparents, large size, mostly 2.00; bushel baskets, Trans- rents, medium size, 1.25a1.75; bushel askets, Wealthys and Oldgnburgs, large size, 1.75a2.00; various varieties, small size, 75a1.25. Peas—Supplies light; demand mod- erate, market steady; New York, bushel baskets, Telephones, 2.00a2.50. Lima Beans—Supplies liberal; de- mand moderate, market slightly weak- er; Maryland and Delaware and Vir- ginia, bushel hampers, 2.50a2.75; North Carolina, bushel hampers, poorly filled, 2.00a2.50. —_— Washington Stock Exchange SALES. Fashington Gas 5e—-$1.000 a¢ Washingion Gas Ligh 5 at 6 100 al 61°¢. 10 at 61 at 81 ington Rwy. & Elec at 110. 10 at 110 demand medium : bushel large medium 2003 Wa; 110, & Riggs National Bank—10 at 35 Mergenthaler Linotype—4 at 187, 1 at 7. 8 at 187%. 10 at 188, 10 at 188, 10 Ciss = Mtge. & Invest. pfd—40 at 8%. Natl, AFTER CALL. Washington Gas 55—$1.000 at 100 ‘Washington Gas bs '33—S$500 at 1 Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. American Tel, & Tolga, 4. Amer. Tel. & Telga. AmernTos 4106 o "Am. Tel. & Tel. conv. Anacostia & Potomac Ana. & Potomac guar. b & P. Telephone 5s. G & B Telcpnons of Va. Bs. Capital Traction R, R. 83.. City & Suburban Bs Georgetown Gas 1st Potomac Elec. 1st b Potomac Elec. cons. Bs. Wash_. Rwy. & Elec. gen. 6s. MISCELLANEOUS. D. C, Paper Co. fs.. Rotsyomg Stock L'd Bk igzs Nealty 5s (long) igks Realty b8 (short). Southern Bldg. 63je... < ash Mt Coid Slorage 35 Wardman Park Hotel 6s... STOCKS. PUBLIC UTILIT mer. Tel. & Telga... ital Traction. hington Gas. folk & Wash, ash. Rwy. & Elec. o Wash. Rwy. & Elec Terminal National Capital. Columbia .. Commercial Lincoln Natlonal Meiropoiitan.. Riges . second Nationai Banic of TRUST COMPANY. Amer. Security & Trast..... Continental Trust. - Merchants® National Cnion Tru % Wash. Loan & Trust SAYINGS BANK Commerce Savings... East Washington .. security Sav. & Com American . Soreora fremen i) TITLE INSURANCE. bia Title.. state Title. MISCELLANEOUS D. C. Paper pfd.. - Torcnante’ Trans ){er Qfllhl‘ll’ anln)e \31 t{: & Invesi. pfd.. old D\lt Market com.. old Dulc Market pfd. Lanston Monotype.. . ety Niorase Washington “Ark(‘( . Yellow Cab.... “ Ve diviénd NEW ORLEANS, july . business of A. M. and J. Solari, one of the oldest retail grocery houses here, has been sold, together with the build- ing occupied, to O. H. Cheer, grocer, of, Richmond, Va. tub, 48;. prints, 51% 10 at 61. | 100 at 61%. 10 com.—10 at | Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, July 24—Heavy buy- ing came into the curb market for stocks of electrical refrigerator com- panles today and carrled prices sub- stantially higher. Nizer Corporation class A and B were leaders, the latter up from 40% to 51% and the former from 32% to around 64. Kelvinator gained more than a point and others,) were higher. Again the outstanding feature in point of fluctuation was Engineers Gold. After having closed at 90 last NEW YORK. July 24.—Following Is an official list of bonds and stocks traded in on the New York Curb Market today: Sales in thousands. Closa. s Am Pow Am Roll Min S e e 055D IBDORDR DO AGa&WS:SSbs Beaverboard 8s RS BIR p e aes Faran ¥ SoleStname! ZIERRRREEE Sorvics % Fice & Glties So0viss 8 CoZhen Lereod Soho s omon e She 1 Grand Trunk 615 ult O Corp by 3 Hood ' Ri LIy MeR® L 12 Long Island Lt anitoba Pow orris & Co N Orln Pub S CEEET RR282235 2550 30D ODOR 00505 DD DDO0 SO D PSR SODDD: e T st oioiet FEsess BBERRNDDE & H DDA G SR ERRSSBoETDBAD RN & 3 6 Penn P&L Bs 1 Phila Elec ds. L Phils Rap Tr bs. FELEEEL P 1253333852 FERG EEE R REIIE 1 2 Pure Oil Co 63551 3 Slon 1 S 5 1 1 1 35 ¥ F T S 33 2 > 223323223 35S0 200D PR CE5 20D ODD 50! 322233232333, FEREEE, TEFELET F 2200993550 Ty 33 2a2029239 FSTEEEEE 33833332252 s 105% ! FOREIGN BONDS { Alpine Mont S 7s Berlin 643 wi { i 28 Hunlurun C 7 King Nether 65 Fupy Eried I § Mg Enee Shs 1 Muni Medellin #s. 2 Prov San Fs 78 3Prov Up 8 Soivas Co Bs 34 B 104 132 Tono El Pow 7s.. 90% Salesin STANDABD OIL ISSUES. 1300 Anglo-Amer Oil.. 23% 800 ALl Tobos .. 3 1500 Atl Lobos ptd B 10 Buckese 100 Chesebrough Mg 6§47 6300 Continental 0 nw b1 223 CrT R 1 S 12225 Szag 5000 Inter Pet a 30 Magnolia Pet .. 2 Ohio Of1 . 1874 0 Penn Mex Fuel 0 Praine 046 nw 2 [t e o @SRRI Do AT TGS m Contr Oilfids m Maracaibo. rgo Oll.. ardinal Pete. .. 1 9OC00> b * BB s EFEEEL Lo e - 0B i *3ReB b reole Synd. uelid Oil Co... ibson Oil Corp. ulf Oil of Pa L FEPISTITESTE =S HOOMO! I » Sz B! 1 2 a1 .)r 011 Cos ein Beaver” il FEIIIL © T2 e a1 3 Reiter-Foster “Oil 1RoyalCan 0 & R san Con alt ckCon Shreesport” Bidor T Tida1"Osags il Venezuelan Pet. 2 Wilcox Oil & G n INDUSTRIALS. 10 Acme Pack .... .02 1 Adirond : 92 3, Adirond P 7s Df1 6 Gaa & El & Trac. fus 1 Bt e B8 B Bo i B BRacson o Bt B 2B o e BB oo i PO SR W 3 ! . prores Ei 5.« e o ey 15 mes L 32 [T 22 = ey Gesnsimson b BT tEnsaanme Suecalao0s TR R Y bt Pttt e Bl e oo P h Lt new Pw & Lt Dé Ravon Bro Suberpow A uperpow Tn!r?.dcc Xt oo Miz Co A. rmour&C B_vte St Gas & Elec ab & Katz v tc tlas P C new Belding Bros ... Schiwartz' € A oissonault G C. Borden Co ptd. . . i Bord & C new 4 Brown & Wmsn B Bucyrus Co R N 24 Can Gin A new. 1 Car Light . ... 1, Caroline P & ’- 4 3 Centrit Pip Cor. 42 Chapin-Sac I 41 ('hl terton & H(‘ummo: PC Com C nw 100 Com P C war. . Com P C wr rt “ ll Cons Gas Bal 153 Cont Bak B ont B ‘ont Bak pfd . ont FESEER P I 2358 * e Ry IS o Ve T T ) w e 3 SR o il Ehd et S bR e R e * BEFERE R SR T8 R 1 st »-.. e ,;u»..:»uo.-eu.». aummb s B DR IE LA P 15 o DG G IO GO » ‘mv"ma\-nun 3 1 2 (@D RS 10i - n.sm.éo,s 1 Invest Inc .. O ureka Vac G .. B i BB R R NREEE R rRE » 212 % wmrme o Biswo S & :’ 2 31 RE 5 " 2 332 [ R S R ek e A e i Frank H H pf.. 3 Freed Fiseman . 1 Freshman, Chas. 26 Gabriel Snub A. FELE R Do SEFE sa2858 20 Gillette S R. Ga Lt Pow 40 Goodyear Tire 5 Gould Coupler 105 Happiness iy Hercules Pw: % Hood Rubber. 10 Inter_Contl” R 23 Intl Mateh C vl 13 Intern Ul First Cotton Bale Brings 58 Cents Per Pound at Auction By the Associated Pre: NEW YORK, July 24.—The first bale of cotton from the Georgia crop of 1925 was sold at auction on the New York Cotton Exchange today at b8 cents a pound. The first bale of cotton from the Florlida crop wae auctioped, at 50 ' cents 2 .pounds N BRI o RERBE EEEEE % oot Leamale commsoly o B SRR @ 2E8SeSRIES N EE PG B SOD P o L THE EVENING NEW YORK CURB MARKET Direct to The Star Office night, it opened almost 6 points high- er and rose to within a fraction of the 100 level. It was intimated that the demand was coming from an indi- vidual source. Buying of Canario Copper reflected the favorable showing in the report issued as of July 15, which disclosed $1,860,000 in funds available, with no debts or obligations. Vacuum, In- diana and Humble were in demand throughout the greater part of the day and the South American issues under the leadership of Carib Syndicate were bought at advancing prices. 54 Kelvinator C 108 Lo RCh stores engel Box . 1 Nl Bow a Lt 2 fzer Corp A 92 Pow Cor of X ¥ Pitts Plate Glass "] Purity Bak A 18 Reld Iee Cream.. 4 Rem Nolsl T C A 48 14 Reo. Mo, .. j Serv El Corp A 0 Southeast P & L. 13 Thomp R C G & E new MINIX 40 Aniz _Globe Cop 10 Canario Copper. 40Eng Gd M Lu 1l 99% 40 First Thought M 43 90 Hawthorne M 1. Kay Coper Corp ew Mont.. arhead G FURTHER HALF YEAR EARNINGS REPORTED Houston 0il Shows Drop—Chand- ler Steady—Hercules Powder Profits Advance. By the Associated Pres “NEW YORK, July 24 —The first six monthe of 1925 were less propsperous for the Holiston Oil Co. than in the! first half of 1924. Net income dropped to $861,493 from $1,593.047, equivalent | to §2.37 a share on the common stock. atter preferred dividends, in contrast to $5.30 & share a vear ago Expansion of the Allis Chalmers Manufacturing Co. in the fleld of large steam turbines is reflected in a $1,000, 000 contract from the Public Service Co. of northern Illinols for a steam turbine unit. Chandler Motors net proft for the first half of 1925 varied slightly from the amount of the same period last year, $566,360, against $852,375, equal | to $3.06 a share, compared with $3.04 a year ago. Net profit of the Hercules Powder Co. jumped to $1.461,666 for the first six months this year after depreciation and taxes, from $879,573 in the corre- sponding perfod last vear, equal, after preferred dividends, to $7.67 a share on the common, against $3.63 a share. gesrins e TOBACCO CROP GREATLY NEEDS HEAVY RAINS The Department of Agriculture re- ports that tobacco acreage has been decreased in Maryland and the crop is backward in growth. Rain Is! needed. In Virginia also rain is| badly neeaed and, due to drought.| the condition of the crop is poor.| Harvesting and curing is under way | in South Carolina, where vields and | quality are generally good. In Georgia stands were hard to ob- tain due to dry weather, but vields are coming better than expected, though quality is slightly off. Fairly good vields will be made in Florida. Early settings are doing well in Ten- nessee, where most of the crop was set in dust, and there are many bad stands and growth is uneven Zhait gl R R LIVE POULTRY LOWER. CHICAGO, July 24 (). — Poultry fowls, 19a23%:; broflers, 28; roosters, 16: tur | RATES ON BAR SILVER. { NEW YORK, July 24 (®).—Bar sil- | wver, 691%: Mexican dollars, 53%;. ! LONDON, July 24—Bar silver, 32 pence per ounce. Money, 3% per cent. Discount rates short bills, 4 1-16a4% per cent; three-month bills, 4 3-16 per cent. "BUTTER HIGHER TODAY. CHICAGO, July 24 UP).—Butter, higher: receipts, 14,341 tubs; cream- ery extras, 43: standards, 43; extra firsts, 4133a42; firsts, 4033a41; sec- onds, 36a39. Eggs, unchanged; 8,183 cases. receipts, SEABOARD LETS CONTRACT. NEW YORK, July 24 (#).—Seaboard Air Line has awarded a contract to the Union Switch and Signal Co. to install an automatic signal system be- tween Richmond, Va., and Hamlet, N. C., for 254 miles. AR S L Your Banker Knows ‘When In doubt about a security consult your banker. It is equally as much his interest as yours to protect your savings. You trust him with your deposits—why not trust him with Your investment problems? Safe 7% Bonds Inv:s-r 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 ne 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, either 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 The F. H. Smith Co. Founded 1873 815 Fiftcenth Street--Main 6464 New York Washington, D. C. Pittburgh Philadeiphia Minnespolis {bia; | January, COTTON SELLS OFF AETER SHARP RISE Reactionary Tendency Noted Today—~Goods Market Is More Active. By the Associated Press. NEW YORK, July 24.—A reaction- ary tendency developed in the cotton market early today after its big ad- vance yesterday. Prices fell off 17 to 29 points at the opening, with an extreme decline later of 33 to 36 points. Liverpool cables were espe- clally weak, partly due to the indus- trial disturbances in England and to private cables stating that the bureau report was discredited there. Both Liverpool and the continent were early sellers in the local market. There also was selling pressure from the South and in the way of hedges. Little change occurred in the weather news, Texas still being dry and ap- parently going backward from a lack of rain. Increased activity was reported generally from the cotton goods market with sales of 75,000 pieces at Fall River. At its lowest point in the first hour October touched 24.55 and December 24.74, followed by later raliles of about 25 points on covering. New York cotton futures closed fairly steady at net declines of 13 points on all active montbs. July October December anuary March New Orleans Quotations. NEW ORLEANS, July 24.—Cotton futures opened steady. July, October, 24.22: December, 24.35 24.31; March, 24.52 bid. New Orleans cotton futires closed ste at net unchanged to 3 points down. it July October Decembe: DIVIDEND CUT IN HALF. NEW YORK, July 24 (P.—The quarterly dividend of $1 a share, which the Martin-Parry Corporation has been paying since June, was cut in half vesterday with decla ration of a 50-cent disbursement, pay- able September 1 to stock of record August 15 STAR, WASHINGTON, D. C, 24.35 1924, | EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Don’t Forget the Savings Bank. In the unprecedented increase of interest in stocks and bonds the small investor should not lose sight of the place still filled, as no other institu- tion can flll it, by the savings bank. Moneys intrusted to the care of the savings bank are always available. Deposits in the savings bank do not fluctuate in market price as do even the best of bonds, including Libertys, to_say nothing of stocks. For the man whose opportunity for saving is limited, the savings bank is still the best resort. The interest re- turn is low, but it is sure. It takes self-control to set aside regularly small sums, and there is no compulsion about adding to your savings bank balance. In this respect the com- pulsory feature afforded by life in- surance and by the building and loan is a help to those who have not ac- quired the savings habit; but, on the other hand, there is never any ques- tion when you want to draw upon your savings account. The savings banks of the United States have an enviable record for safety. That some people at least ap- preciate their opportunities {s demon- strated by the statistics, which reveal that savings deposits in the banks reporting to the Federal Reserve Board and distributed throughout the country show steady and progressive increases. On June 1, 1924, deposits in.these banks for savings accounts totaled $7,311,316,000, and on June 1 1925, the amount had grown to $7.- 829,130,000. All this happened while securities were being bought by in- dividual investors in the largest amounts on record. (Covsright. 1925.) - Moving pictures’ in the British Empire are seen by 1,000,000,000 2ach ea —all classes of income-producing property Large Loans 2 Specialty Current int. rate and commission. Higbie & Rlclnrdwn, Inc. chanofis HOME OWNERS $150 to $5,000 on Ist, 2nd _and 3rd Trusts — In Three Days DISTRICT TOAN PROCYREMENT CO. 1417 ¥ Bt N.W Open Evenings 3 (o 9. in 4431 BE INDEPENDENT —in your later years by providing for them NOW. Save a little every month and put the money to work for vou and your family in our— FIRST MORTGAGE NOTES —wherein are Safety and Security supreme. Current return is 6159, Call or write and let us explain the mmple details MORTGAGE INVESTMENT DEPT. ON:. 713-15 14th St. N.W. & LUCH . Main 2345 Even $25 a Month IF FAITHFULLY invested in safe First Mortgage Notes yielding a full 6}2% compound interest, will give you an excel- lent financial reserve that will be working for you all the while it's accumulating. Ask Mr. King, Mgr., Loan Department BOSS 1B PHELPS HOME OF HOMES I Main 2100 ‘—the problem and details of Property Management are as familiar to you as those of your own business. If—the best of your life has been devoted to Property Management. If—in addition you have an organization which specializes in this particular business and keeps posted on what is going on within the renting market, knows how to find ten- ants, collect rent and guard your income against. waste in operation— THEN as ownérs of rental property you are equipped ‘to manage your own property— OTHERWISE, vou need us. We have had Thirty-two years’ successful experience in Property Management. We specialize in the MANAGEMENT OF APARTMENT HOUSES B. F. SAUL Co. 925 15th St. N.W. FRIDAY, JULY 24, 1925. REAL ESTATE LOANS L A e e RESIDENCE LOANS AT LOW RATES FRED T. NESBIT | INVESTMENT BLDG. Main 9392 | d| oney to Loan mb’lntdmdv!tflu\ real estals. ot and commiseign, WE BUY OR SELL UNLISTED and LOCAL STOCKS AND BONDS MEHLMAN & COMPANY : Brokers International Bldz. 1319 F St. N.W Phone Main 8847. MERGENTHALER LINOTPY Brookiym, N ¥ July 21,1 Dividend regular Quarterly dividend of 2% per centt 4nd an cxira dividend of 1% per ot on the capital stock of Mergenthaler Lin tyne Company will be paid on September 50, 1025. to the stockholders of record as they lose of business on September | Books will not FIRST MORTGAGES FOR SALE Denominations of $250, $500 $750, $1,000 and Upwards 6'2% All_Loans Made on Property Located in the District of Columbia MONEY TO LOAN —on First Mortgages on im- proved property in Washing- ton. Current rates. Prompt service. HANNON & LUCH 713 & 715 14th St. N.W. Main 2345 FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOL] President SECOND TRUST NOTES Funds available for the pur- chaes of all kinds of gecond trust notes. secured on D. C. or nearby real estats. Prompt action in every case. Washington Investment and Transactions Co. 715 14th St. NW. Main 306 3 3 z TO THE WISE 7% First Mortgage Notes —offered our clients subject to prior sale. The amount of each mortgage is based on 50% Appraisal, notes pavable three years after date. All details given prompt attention C. L. O'Donnell, Mgr. Mor{gage Department AFRITZ COMPAN 14th & K 00000000 | Main 908‘]: FINANCIAL. The New York Life Insurance Company Offers to Make First Mortgage Loans on Improved Real Estate 1o the District of Columbia and Suburbs Houses Business Properties for 3, 5 or 10 Year Periods Apartments Office Buildings 5Y%% ON APPROVED SECURITY Apply i RANDALL H. HAGNER & COMPANY MORTGAGE LOAN GORRESPONDENT oANo1321 Conmectiout Hoerue, TelyphomeMain 5700 o AR % i JOHN JOY EDSO Organized 1879 $1,942,132.68 Assets . President FRANK P. RE 45th YEAR Ci Surplus Subscriptions for the 88th Issue of Stock Being Received MONTH Save Systematically Always remember st 1is you earn, BUT WHAT YOU THAT COUNTS. The Equitab helping hundreds to become fina recognized thru their S 2 plan. Are you a s If not—then join today. not w 915 F St. N.W. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Subuebs in Montgomery County, Md. 33 % INTEREST ;dpplr To H. L. RUST COMPANY LOAN CORRESPONDENT ®he PRUDENTIAL INSURANCE COMPANY of AMERICA 912 15th Street N. W. Main 6883 hat cially securities 3 e ESTABLISHED 188:. 19355 W. 8 & Cs., Inn. What a record it is, and how significant to the investor! With July funds to invest, your problem of a sound, conserva- tive security, yielding the highest interest rate consistent with safety, and enjoying an actively broadening outside market, is met in the diversified list of first mortgage bonds now offered. Denominations, $1,000, $500 and $100; yield, 5.85 to 6.10%, according to maturity. Call or write today, and ask for CIRCULAR 701-G . STRAUS & CO INVESTMENT BONDS NATIONAL METROPOL]TAN BANK BUILDING WASHINGTON, D. C. Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR Every Month 112,000 Straus Coupons Cashed! VERY month of the year 112,000 coupons clipped from Straus Bonds are presented for payment. Every coupon is paid in full, in cash, exactly as assured the investor when he purchased his bonds and, what is more important, exactly as every principal and interest payment on Straus-underwritten has been met in the forty-three year history of S. W.STRAUS & Co. INCORPORATED