Evening Star Newspaper, July 31, 1925, Page 17

FINANCIAL, HICKENS CHEAPER IN LOGAL MARKET | exchang Weather Slows Up Buying—Beef Prices Unchanged. Early Are that the try reported he wet | Market Wholesale Prices. Today's Fruit and Vege | upturn | THE EVEN NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. NEW YORK, July 31.—The volume of business trar today price W act general certain move e ad ted on the ment vances more curb was smaller and the un- occurred they were in special issues and these were not numer Pathe was a the ojector market by new and ¥ neoen the Syndicate, NEW YORK, .Jul reflection of the favor | ception ¢ the Pathe among >us. change cf Pathe tly placed low y 31 The sharp 158 ble re- Camera A upon mpany. riced llowing is an official list of bonds and stocks traded in on today the New York BONDS i e I Tel I Beth Stee 43 Can Nat 3 Can Pac 210 M &SP U Serv t Serv 30 it Sery & 3 Stand M Cor 7 1SON Y 6 9 Sun Ojl b 26 Swift & Co rach Market Ste; demand Mars baskets, tly, 1 00 < moderate supplies | m: mpe weaker barrel BOSCH MAGNETO REPORTS LARGER HALF-YEAR NET NEW YO E sha s of capital stock on 96,000 sh res a umped 1 contrast $20,451 in riod last ye PIG IRON PRICE ADVANCED. NEW YORK, July 31 (P, le- eel Co 1tion h: nced of $21, Eastern Penn- grade. BUTTER PRICES LOWER. CHICAGO., ). —Butt y 31 43; extra| sts, 40a4014; | eceipts, 8,247 Knows. qually COMMODITY NEW WIRED STAR FROM *ENTIRE COUNTRY Mo, July The expected to be and will probably east $1,000,000. CHIC buck & « AGO, July 31.—Following out Sears Roe- two new 0 this Fall. PHILADEL 31.—The nia now is 18,000 bags root, most of n Russia bales ich came licorice JVEPORT, July Louisiana cucumber tions have shipped 3.412,932 pounds of cucumbers, for which they received £70.000. About half of the b has been moved. NEW new crop now, is held buyers rice SHT 31.—Seven 5 receiving ORLEA July 31.—The rice, coming into market at 8 e pound, but are holding as old erop is selling at s for best tes. TO. July 31.—The State reporting service estimates the ) yleld of California Lower ornia at 193,000 bales This pares with 148,000 bales last SACRAMF i 34 5 1 0 iich e o N TN 1043 10015 107 1083, iy 104 1004 106 108 K1 1013, 100 104 bt 1013, 10013 10415 108 o 0015 10: 1005 100 1017 101 1011, 101 45 100 ° 100 101 1008 100 99 1 100 1053, 105 BONDS. 10313 104 El Pow ( STANDARD OF Ref o 200 S 0 Pet i Lion OIL... 3 Wa 90 3% L ISSU 101 8473 136 311, 136 10 hington Stock Exchal Bid and Asked Prices. BONDS. PUBLIC UT) & Tel. ctl. tr. & Tel. conv ia & Potomac Telepha lephone of Va ion R. R. 5 ban_ 5 < 1t s, town G Potomac Ele Wash. Rwy D.C.¥ ark Hotel Be. ILITY. 961 101% 131 STOCKS. PUBLIC UTILITY. & Elec. com. Wash. Rwy. & Elec. pfd.. \Tv- minal Taxi com. NATIONAL tional Capital.. o onal Metromiz an.. Nat Bank of Washingto TRUST COM Security & Trust Tental TTust.. . --r Sferchants Bank . o Trast. Waih. Loan & AV Commerce and Fom Washinkton Lotinity sav Seventh Uited States Whehington Me FIR American an Femens Lo sin s Nitional Union - TITLE INS Columbia Title . Real Estate Title.. MISCELLAN aper_pfd. . its’ Trans. ery 3 Linoty) - Mge. & Tov. 0ld Dutch Market com Qi Duteh Market od ty Storage niton Market *Ex dividend. 84 50 BANK PANY. 344 87 Ational Savings & Trust EO! Curb oils, gained over a start, but lost most of the improve- ment when it was announced that the Texas Co. had served notice that it would not exercise its option to purchase 51 per t of Carib Co." stock on August 2. rdinal Petrs reached a new high on the move. sure again made itself nst Canada Dry Ginger Ale which came off over 2 points. Amer |can Rayon wa ather freely. { The rubbe shares were disposed to irally at intervals. half point at the leum Wilcox 0 & G INDUSTRIALS &T m Pow & L Am Pow & Lt pi Am Ravon Prod Asso Gas At Frut Atlas P ¢ & Eleo § Bridgeport Brit-Am Brompton Braoklyn i com P 0 Com P 1 Gas Balt nw 44 ontinent Bak A 1381, tinent Bak P % Aero Motor Aero M ptd For R 'C vt 16 Duz Cb A 3 Bd & Sh' pid 103 B &'S nw cor 2 Garod Cor, G & G&E T o Gen Outdr 7 Gen Outd A€ oupler A 1 new vic 1K Happ ¢ St A 1 Hazeltine Corp. & Hardart 9 Int Contl Rub Int Mat n pf wi Ma A 313 Johns-Manviile X Kelvinator Cor 1 Kraft cn' S e T C & M v i Mercantile Ciberty Ra Marconi Wi R Pi Ca otor Meter A ohawk Val nw Master ¢ Pow & Lt. i Pw & Lt pt « nt izer i orth O or Ont Lt & P. or States P C or Sta P C Outlet Co wi Ine ow Corp Rts. Purity_Bak B Rem_Noisel TCA 11Reo Mot ....... 3 Rova Radio . ki« Paper 1Stand Pub € Stutz Motor it Int homp R C vt Tob Prod Export Tub Art § Lt & n Lt & 3 Uni Profit Shar n Uni~ Pictures. . . 7S Lt & Ht new Hub Rec! Pow A MINING Copper.. 7 forty Nmne M olden Cen Mine Nipissing Ohio Copper 2 Premier Gold M 20 San_Tos 150 Am Geid & P 50 Spearhead Gold 2 Teck Hughes 3 Tono Belmont 1 Tong Ext 1 Uni Verde Ext 7 Unity Gold .. Wenden Cop ) Wettl Low Silv NICKEL PLATE DIVIDENDS VOTED BY DIRECTORS CLEVELAND, Ohio, July 31 (#).— Directors of the Nickel Plate Railroad have declared the regular 1% per cent dividend on cumulative preferred stock and 1% on the common for the third quarter, payable October 1 to shareholders of record August 15. This was the only business before the directors. TODAY'S MONEY RATES. NEW YORK, July 31 ®).—Call money firs 1%; low, 4: ruling rate, 4: clo: offered at 43 last loan, 41%; call loans against g ceptances, 31;. Time loans firm. mixed collateral, 60-50 days, 4ad3: 4-6 months, 4%,ad4ls; prime commer- cial paper, 4. COPPER UNCHANGED. NEW YORK, July 31 (#).—Copper firm. Electrolytle, spot and nearby, 14%; futures, 14%. Tin firm; spot and nearby, 59.25; futures, 59.00. Iron steady; prices unchanged. Lead firm; spot, £.30a8.80. Zinc firm; East St. Louis, spot and futures, 7.40. An- timony, spot, 17.50a18.00. COTTON MILLS CLOSE. METHUEN, Mass., July 31 (#).— Notices have been posted of a shut- down in the Methuen cotton mills from tomorrow until after Labor day. N NG STAR, WASHIN * | Reports of Good Rains and Better SEABOARD RAISES - EXPANSION FUND | About $25,000,000 in Bonds Heavily Oversubscribed in New York Today. ’d Press YORK, July 3 25,000,000 for the expansion bo d Air Line Railway in Florida wa through the sale of 10-ye age 6 per cent bonds of the Seaboard-All Florida Railway, a new subsidiary, which will control 468 miles of road through the Bankers announced that the i which was priced at 981, had been heavily over- subscribed within an hour after the books were open. Under pla; made Davies Warfield, president of the board Air Line, the new lines, in cluding extensions to Miami and Fort My will be leased to the parent company for 0 v s, beginning August 1 an annual rental of not sss than $1,500,000. { “onstruction of the Miami and Fort = line will complete an ambitious expansion m started by the Seaboard la r with the building ida railway—the Florida, stern and Northern— which gave the road direct through line access to Palm Beach and other points on the East coast Announcement that part of the pro- ceeds of the $25,000,000 bond issue sold today would be used to retire $7,000 000 Florida Western and orthern bonds has resulted in a sharp rise in these obligations. Although callable 104, they sold today more t points higher, due to the propoy tribution of valuable real estate rights to holders \COTTON QUOTATIONS | ARE WEAKER TODAY — Approxi- mately of th public today by | Crop Outlook Lower SW YORK D July 31 —News from the Southwest caused the cotton market to ope ¥ today at a de- cline of 8 to 21 points and sold 27 to 30 points under the previ close, with October at 24.15 and cember 24.16. From private r it was learned that the rain| exas had moved further south vesterday. considerably r stricting the drought area. Live pool also reflected the rain news from this side and sold cotton here, as did Texas interests. who doubt:| less were working on the improv ment in the crop outlook over th entire southwest. Other early sell ers were Wall Street and commis sion houses operating on the belief | that the forthcoming Government re- port, which will take account of pre: ent rains, should be decidedly better than the report issued last week Business in the local print cloth et was quiet were estimated at 65,000 8 — New Yor 1osed | Seany at net dechime | e | ales Octobe: b1 Mav Open January New Orlea / ORLEAY opened Quotations. July 31.—Cotton | steady. October, December, 23.66; Janus March, 23.84; May, 23.88 bid New Orleans cotton futures closed steady atnet 1 pomnt up to 6 down. High October December January March METAL PROFITS JUMP. SW YORK, July 31 (®).—> profit of the American Metal Co. for | e second quarter increased to $1,- 300, equa after preferred divi- dends to $1 share 1 the com- mon, compared with $755,326 in the first quarter, or $1.1 share, and $935,949, or $1.43 a share, in the sec. ond quarter last y The half r's net of $1833, was about 00 less than the first half of 1924. The regular quarterly dividends were declared. PARIS MARKET FIRM. PARIS, July 31 (#).—Prices firm on the Bourse today. Three per cent rentes, 49 francs 70 centimes; exchange on London, 102 francs 45 centimes; 5 per cent loan, 58 francs 90 centimes. The dollar was quoted at 21 francs 9% centime: NET PROi‘ITS ;NCEASED. vV YORK. July 31 (®).—Fair banks-Morse and Co. increased its net profit for the half vear to $1,277, 738, equal to $2.74 a share on the com mon_stock after preferred dividends. In the first half of 1924 net profits was $979,540, STOCK d‘}XCKLY TAKEN, NEW YORK, July 31 (®).—Public offering of $3,500,000 7 per cent cumu- lative preferred stock and 35,000 shares of common stock of the Out- let Co. of Providence, R. I, one of the largest department stores in New | England, has been oversubscribed. STOCK PUT ON $4 BASIS. NEW YORK, July 31 (#).—The common stock of Phillips Jones Cor- poration was placed on an_ annual dividend rate basis of $4 a share to- day with an initial quarterly dividend of $1, payable September 1 to stock of record August 20. -RATES ON BAR SILVER. NEW YORK, July '31 (®).—Bar silver, 69%; Mexican dollars, 53%. Belgian Debt Talk Arouses Interest In Wall Street By the Associated Press. NEW YORK, July 31.—Lively interest has been aroused in Wall street by cable reports that Gov. Benjamin Strong of the Federal Reserve Bank of New York and Gov. Montagu Norman of the Bank of England have been dis- cussing with Belgium financial au- thorities possible credit arrange- ments to assist Belgium in fund- ing her war debts to the United States and Great Britain. If such a plan is worked out _it will mark an important extension of the Federal Reserve Bank's powers in this respect, which were first recognized by the grant of a $200,000,000 credit to help England restore the gojd standard. TON, |acting D. €., FRIDAY, J 1925, DEPRESSION GROWS IN BRITISH TRADE | | Coal Crisis, Shipbuilding, | Steel and Cotton Leading Factors in Situation. By the Associated Press LONDON, July 31.—The coal crisis dominates Great Britain, th July trade report of the Chamber of Commerce in London The report cites the shipbuilding situation as among the adverse fac tors in British industry, pointing out that the ninth yard on the River | \\‘-14(’ closed down this month, only 770f 53 berths being occupied It says further that 420 ships total ing 777,179 tons were laid up on July 1 in United Kingdom ports. says American | Unemployment Worse. Attention is called to the fact that nley Machin, president of the As-' ition of British Chambers of Com after receiving answers to a from the various chambers urged the government to take drastic steps to meet the abnormally de pressed state of British trade The unemployed total or 180,116 more than a year report’ also points out ade balance has compared with last vear There has also been a ma ©line’in pig iron and steel pr The cotton trade tra short-time w ed in the Ame widen ki duction depressed and ex King is recommend ican section American Aid Disapp American support pointing in the The sales prices index for June 7.7 compared with 171 in January The total importation of gold since April 28, when th gold standard was restored, has been £8,511,000. has 1 London wool CANADA IS READT | TO MEET MATURITIES TORONTO, July 31 (#).- obligations of $90,000,000 ma New York in September duced by $20,000,000, J. . Dominion minister of finance a review of the government position. There will be no in taking care of the re $70,000,000 My b, adding that the q in terest rate would dete ther this would be raised in Yor in Canada Canadian iring in be re Robh n ining said ion mine New LOAN YOUR MONEY unts that will pay nually, secured by first mortgage Apply 303 etropolitan Phione Main 1340 Bank ANY AMOUNT AR HOUS RESIDENCE LOANS AT LOW RATES | FRED T. NESBIT MENT BLDG. Main 9392 | REAL ESTATE LOANS ||, FEDERAL-AMERICAN NATIONAL BANK RESQURCES, $14,000,000 1315 F Street JOHN POOLE, President 90950009000 000 WANTED! SECOND TRUST NOTES Funds available for the pur- chase of all kinds of second tru notes, secured on D. C. or nearby real estate. Prompt in every case. Washington Investment and Transactions Co. 715 14th St. N.W., Main 366 action *» < i * 4 < * b4 * < 2¢ 2909009000000 0250000 Your Opportunity 7% First Mortgage No W Deed of northwest This tunity See Mr. Kelly—Loan Dept. McKeever & Goss Realtors 1415 K St. is an xceptic for investme M. 4752 WE FINANCE —all classes of income-producing property Large Loans a Specialty Current int. rate and commission. Higbie & Richardson, Inc. 816 15th St. NoW. WE BUY OR SELL UNLISTED and LOCAL STOCKS AND BONDS MEHLMAN & COMPANY Internationat BlaE 110 ¥ s Now. Phone Main 8R47 First Trust Absolute $100—$250—$500—$1,000 W. H. WEST COMPANY 916 15th St. Main 9900 —on First Mortgages on im- proved property in Washing- ton. Current rates. Prompt service. 1SH NNON - & LUCHS 713 & 715 14th St. N.W. Main 2345 STOCKS BONDS BUCK & CO. —BROKERS— Established 1916 We Buy and_Sell Listed Securities Outright or on Margin 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 $2,600,000 610 Park Avenue New York 1st Sinking Fund 6's A first mortgage on a new 15- story apartment hotel and land with largeZmargin of security and assets. On completion of the building (guaranteed) about October 1, the bonds will be legal for trust funds in the state of New York. Denominations, $1,000 and $500. Write for BOOKLET 589-G Investment Bonds Nat. Metropolitan Bank BIdg. Washington, D. C. hone Main 5817 43 Years Without Loss To Any Investor WS &Co Is Here Again— Begin Today To Lay the Foundation for Your Financial Independence— Start Buying First Mortgage Notes— You Can Do So With $10.00 5 Per Cent— No Losses— No Depreciations— No Delays. Mortgage Investment Dept. SHANNON_& LUCHS) 713 & 715 14th St. N\W. Main 2345 Equitable Co-operative Building Ass’n JOHN JOY EDSON, President ized 1879 Assets .0"“. .....$4,942,132.68 FRANK _P. REESIDE, 45th YEAR COMPLETED Surplus ...........$1,317,011.44 Subscriptions for the 88th Issue of Stock Being Received Each Pay Day deposst a small amount of your ings in the Equitable. Join Today cir system- atic saving plan will put you on the right road to financial independence. (SHARES $7.50 PER MONTH earn- 915 F St. N.W. 900000006008 § ? FINANCIAL. Money to Loan { Secured by rst deed of trust on real estats. Prevailing interest and commission. oseph I. Weller & 20 Wash. L. & Truot | MPLE Funds vailable for Loans pplications Invited On 1st and 2nd Trusts Lowest Interest Rates g-“ Main 5904—Loan Dept. N. L. Sansbury Co., Inc. | 1418 Eye St. N.W. | Having already been notified that your notes will be paid off on such and such a day, consult us. We will gladly shoulder your re-investment probl. ns. Our first mortgages are based on 509 appraisal. C L. 0D Morfzaz, CAFRITZ COMPAN 14th and K Main 9080 ell. M, Devartment “How Is My 6%, First Mortgage Note Protected?” VERY such Note issued by this or- ganization is fully secured by at least twice its face value in carefully chosen and conservatively appraised Northwest residential real estate of this City. Your Note has first claim against this property and must be satisfied fully as to principal and interest! See Mr. King, Mgr., Loan Department BOSS b PHELPS HOME OF HOMES 1417 K Street APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Subwrbs in Montgomery County, Md 5: % INTEREST ;fl pply ro H. L. RUST COMPANY LOAN CORRESPONDENT 8he PRUDENTIAL INSURANCE COMPANY of AMERICA 912 15th Street N.W. Main 6888 The New York Life Insurance Company Offers to Make & First Mortgage Loans on Improved Real Estate In the District of Columbia and Suburbs for 3, 5 or 10 Year Periods Houses Business Properties 5Y%% ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY MORTGAGE LoaN GORRESPONDENT TelipshoneHizin 5700, Apartments Office Buildings o192 Gonmecticut Hoenue; INVEST In Our Safe st 6149, FIRST MORTGAGES Quarter of a Century ELIMINATE WORRY Without a Loss B. F. SAUL CO. Main 2100 925 15th St. N.W.