Evening Star Newspaper, August 3, 1925, Page 21

FINANCIAL. POULTRY 15 DULL . INLOGAL MARKET Smal! Demand and Light Re- ceipts Noted—Eggs Show Firmer Tone. demand and light eceipts | NEW YORK CURB MARKET BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. NEW YORK, August 3.—The curb | market opened ‘strong at the start of | the ‘week, with stocks which have been to the front right along again | the favorites. These included motion picture issues of the type of Pathe | Exchange, < Film and Warner "Nx'others Picture: the last named lat a new high record for the year. {Serv El Corporation went into new igh territory, up over 3 points above aturday's final. Received by Private Wire Direct to The Star Office , The feature in the new high prices in Middle West Util ities. At: 124, the with the previous final of 115%. | Operations for the rise were Te. | newed again in Engineers Gold, car | rying it alme | saturday close. The market as side of advance. public utility group was the persistent strength at price compared - |indicating that the Texas rain area 6 points above the a whole displayed strength, with most changes on the HEDGING PRESSURE | IS NOTED IN COTTON Texas Rain Area Extended, Re- lieving Drought Conditions. Prices at New Low Levels. | | p NEW YORK, August 3.—Reports had extended into the southern half of the State, where the drought has been considered most acute, weakened the cotton market early today and, after opening 10 to 17 points lower, sold off 20 to 24 points under Sat- NG STAR, WASHINGTON, D. C, MONDAY, AUGUST 3, 1925. FINANCIAL. RESIDENCE LOANS AT LOW RATES INVESTMENT BLDG. Main 939 REAL ESTATE LOANS 54% AR FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 PARTMENT HOUSES AUSINESS PROPERTY FRED T. NESBIT 1315 F Street FIRST MORTGAGES JOHN POOLE, President FOR SALE Denominations of $250, $500 $750, $1,000 and Upwards 6Y2% All Loans Made on Property QUlCKNEGANS' HOME OWNERS Equitable Co-operative Building Ass'n JOHN JOY EDSON, President FRANK_ P. REESIDE, Secy. Organized 1879 45th YEAR COMPLETED Assets . ...$4,942,132.68 Surplus ... $1,317,011.44 Subscriptions for the 88th Issue of Stock Being Received Each Pay Day deposit a small amount of your carn- ings in the Equitable. - Their system- (D AR SHARES Located in the District of Columbia JAMESF. SHEA 643 Louisiana Ave. N.W. $150 to $5,000 on 1st, ?nd_and 3rd_Trusts In_Three I)a;'s DISTRICT T,0AN PROCUREMENT CO., 1417 F St. N.W Open Evenings 7 to 9. Tel. Main 4438. $2.50 PER MONTH churacterized the poultry market this rninz. Dealers had ample stock left er from the cl of last week's! NEW market. however, to meet the demand. | ing s \t the close of Saturday’s market, it | ted. poultry prices went off, and ices quoted today for la 10 is believed by dealers that larsge | lex of frozen poultry has resulted in nands for nd fresh- f The r turkey urday’s close, making new low levels for “the present decline. October reached 23.89 and December 23.97 The leading early sellers were Liver- pool, the South, commission houses and Wall street. Increased hedging pressure also was noted. Some buy- ing by wire houses appeared, pre-| sumed to be covering cotton sold last week. From the low of the morning the market rallied 9 to 14 points on buy ing attributed to complaints of arm: worm and boll weevil in Arkansas, but there was no aggressive support, nd a number of private crop reports issued during the forenoon pointed toward a moderate i in_the forthcoming Governm Th! will be issued next Saturday at 1 o'clock, New Yerk time, and the ex. | change here closes at 11:45 a.m., with- | out reopening for the report. New Orleans Quotatio SW ORLEANS, August 3.—The cotton market had an y opening, first trades showing lo of 10 to 14 points. Liverpool being closed, the market at the start was influenced by rather good rains in Texas over | Sunday and last night. Prices rallied a few points right after the call, soon eased off again. October tr: down to 2 mber and Jan- | ry to 23. 4 points below turda ere appeared to have been heavy rains in southern Texas, but some traders contended ., |that their effect would be to damage {open cotton by lowering the grade atic saving plan will put you on the right road to financial independence. Join Today & 915 F St. NW )se YORK 3—Foilow - bonds _and New York August an official list of stocks traded in on the Curb Market today: BONDS. MONEY TO LOAN —on First Mortgages on im- proved property in Washing- ton. Current rates. Prompt service. SHANNON. & LUCHY) 713 & 715 14th St. N.W. Main 2345 vere e 97 97 Gri 11018 3 04 Hazeltine Corp. . Prompt Action First Mortgage Loans| Lowest Rates of Interest and Commission isher & Company, Inc.| dould’ Couptor A itennan Bak, reased d led chi o demand Killed turkeys be wrl were quoted dressed stock selli SRR SR, FE as low it 30 L A0 R R R D O P e e R R U e I Trade F \ firmer condition of the egz mar- was reported. Candling losses, wisually heavy this Summer, (o assist in keeping prices | to dealers, but it is aper prices will | cool weather pre rmer. The New York Life Insurance Company | likely that che Offers to Make diy R w Tl pr 1n, 106 Rubber 2 ot Meter ... shawk Val new 1 Motion Pie_Cap C First Morigage Loans OB 's Wholesale Prices. “ancy. tub, 49; prints, 5%; 23a3l. Faney, selected receipts, 31 Alive, Sprin; . Master ¢ Pow & Lt at Pub Ser A at Pub S “orp A r Corp B on Improved Real Estate 1 Phila Rap % 5 candled, 34 3 We Buy and Sell Liberty Bends Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street AMPLY SECURED ON D. C. RESIDENCE PROPERTY chickens In the avy fowls, District of Columbia and Suburbs A LIMITED NUMBER for 3, 5 or 10 Year Periods OF THESE 7% NOTES AVAILABLE IN DENOMINATIONS OF $250.00 AND $500.00 WM. S. PHILLIPS § 1432 K St. NW. M. 4600 close. Houses Business Properties Apartments Office Buildings " 5%% ON APPROVED SECURITY FISHER'S PRICE INDEX. NEW HAV o | (Special).—Prices, | power, 62.2 62.4; Crumps, Irving Fisher, ports. X BONDS | . s | o Mont § 7s 91 9 g 3 2 gz | By W | 8158 8x Report Sales to 8 Cantaloupes. heavy: de: m: v California, Valley Salmon Tints, ipe, many is high as 2.00; and_conditior 00; Jumbos, 5 Pink M Honey on Vegetables. ; Conn., 160.8 SRR UMD NI Stand Pub & Co )R C VU d_Export o ATt S VEe 1 I Siem & Hal 3§ Swiss Gove 1 Thyssen T & 8 7a 9214 5Toho EI P Ltd 7s 904 ctin STANDARD OIL ISSUES 1ts i Anglo Am Ol )0 At Lobos pfd 30 Buc P Apply RANDALL H. HAGNER & COMPANY MORTGAGE LoaNn CoRRESPONDENT . Jumbo flat : Honey Dew 1.50a1. section s, best, mostly poor to ordinary other sections, Toi Lt & P A \ Pt Shar nw Bank Positions We may need a few more employees by the time we go into our new building, and therefore would like to receive applications from young men and ladies who possess those qualities of education, refinement and personality so essen- tial to success. We lay particular stress on ap- pearance, pleasing personality and a sincere de- sire to do things right. Applications must be made by letter only Federal-American National Bank JOHN POOLE, President : * 04 * * * * * 3 9 ints, 11.50 ondi- | almon | YRR DRRIDRIE 5 Witkon & Co i i 0 Gal Sig Ol MINING E : 500 Humble 01l & R 4 ) ! 9 Copper b5, Mok i P L gt 3 X Cons Cop Mines Maryland, Pink Meats Imp 0 6t Can w31 % Tl and Jumby . [P L. G810 | M T T 0000000000047 i ;. ) oNos321 Qonmecticut Hoenue, WANTED! GelyphoreNain 3700 SECOND TRUST NOTES Funds available for the pur- chase of all kinds of second trust notes. secured on D. C. or nearby real estate. Prompl action in every case. Washington Investment and Transactions Co. 15 14th 7 00 i B L R @ el o el i il ol o S Rl el s ipplics vers ite. marked York, two-dozen ¢ type. ordinary light: de. r; New Boston o M ome v 0050 Copper T sland L 0 S 0 2 Jhrsey Zin ichusetts 5 E 3 N i Yellows. g Onions light, m 000000000008 2 Tonopah § Tono fairly steady 28 C 1 Unity Gold : " = = - E 0 i Wenden' Copber If you invest your money in BUSINESS CONFIDENT. Fourth Reserve Bank Notes Activ- Gibson_Oil Corp Gulf Oil of Pa Kirhy Pet Pet oil Pantico OUR FIRST MORTGAGES ity at Midsummer. CLEVELAND, Ohio, August 3 () The continued absence of the usual midsummer dullness in many lines of industry to a degree has inspired con fidence in quarters where heretofore it has not been apparent, the month Iy business review of the Fourth dull Federal Reserve Bank, issued today s S e P | NGO CE E B on 1o gum FOR INVESTORS 3 5 - 50860 is 110, or 16 point higher than vear 90 s Y" l“»l\ er S0a s the statement continues. pounds averu 4l lding operations and automobile lizht, market dull: Delay Ma pridution ik e Fasi land and Virginia, bushel baskets, implement s e SEus et s best, mostly 1. me crops are disappointing, v Williams, 15 the ave is good, and, based on CadS e, lnaa July 1 estimat be normal in tes, in the rough, 3.00a3 e e iy Peas—Supp ;;‘HJ‘L{“'\."\e'?.‘,fi\ml\.\',‘lfifix' orelgn buyers in this market i ¢rate market firm: Ne + bus observed. This_ar to be es it elephones, 5 pecially true of South Africa and Australia.” LEAF TOBACCO SHOWING. vou wi!l have an investment that will not fluctuate. that will Ahead— make plans that wili iree them from worry in later vears. Ask for our spe- cial booklet about the most secure and satisfactory method of saving and in- vestment that can be de- vised. Qver a o Ouarter be just as good three 0 4. ; ;. 1 : of a from now and you will Century know what yvour assets are and demand Without what your income is to be a Loss MORTGAGE NOTES IN CONVENIENT DENOMINATIONS demand It will cost you nothing to obtain the book, and 1 Bt there will be no obligation. T Beit-an r Light itd Waszhington Stock Exbhange] ,"”""d""' ? ON IMPROVED PROPERTY in DISTRICT o COLUMBIA Mortgage Investment Dept. SHANNON & LUCHS] 713 and 715 14th St. NN'W. Main 2345 B. F. SAUL CO. Main 2100 925 15th St. N.W. 411, Prices in Baltimore Market for S1.600 Maryland Product. 10 to The Star. August 3 f tohacco last wee which taxed the warehouses H. L. RUST COMPANY 912 15th Street Main 6888 100 capa ample 11 the arrivals were 1,159 hogsheads, an nch are also buying, continued activity is looked for. Quotations today for Maryland to bacco per 100 pounds at the ate to- acco warehouse follow: Inferiors and frosted leaf, 4.00a9.00; sound common ! and greenish, 10.00a15.00; good com mon, 16.00: 00; medium, 00a35.00. ood to fine red, 36.00a53.00; fancy 4.00; cond common to me- dium, a20.00; seconds, good to fine. 21.0 upper country, air cured, 10240.00; ground leaves (new), nom- | inal, pid 1¢ Bd & Shn o ns. 5 and 6 per cent Bid and Asked Prices. BONDS. PUBLIC UTILJTY. the Fr 0f One Mind in Their Choice of Investments though they live in all parts of the world Investors in 48 States and 30 foreign lands have put their money into SMITH BONDS e ilm o Inspec Pict From a missionary in Y~ Car Cuixa, we reccive this message: “Your long history of safety and of honorable dealings with your clients gives one a fecling of se- curity that is not at all diminished by the 10,000 miles intervening be- tween your officeand my domicile.” OLDEST~ National Bank in the District of Columbia 3 g A & Open Until 5:30 Today —for the con- venience of our many patrons in the govern- ment service— and others. National _...v..on Metropolitan Bank 15th St., Opposite U. S. Treasury Gab Snub Mfg farod Corp. coon EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. COMPLETELY EQUIPPED TRUST DEPT. Mohey to Loan Secured by first deed of tru Brovailing Intereet and commisaion Joseph I. Weller 420 Wash.L. & Trust | ldz.. Oth & ¥ N.W. | 1 Alex 1 Alex Balt hinzton Gas SPECIAL DEPT. FOR LADIES. “Holding Companies. investors are prejudiced | 2gainst securities of the so-called “holding com| " They prefer stocks or bonds which are shares in | or oblizations of an operating com- !} Eipet Mor’lgage Notes pany, and this distinction is ges i LA B i regard to public util FOR SALE. CONKULT US_IF y - | erally made in regard to public utiiity T rCONUT \LiglE You investments. It Is ea THOS. E. JARRELL 1k of the operating company’s | Realtor ations, and to that extent there be some merit in this sort of | Washington Savings Bank Buildi srimination. | 71 o e, N, Poldine There are advantages, however, in Maln | taking the holding company’s securi- | COMPOUND |ties. For one thing, controlling as | 1 hese companies do_subsidiaries. op- || We Can Save You Money on PAID ON ! |erating in widely separated section the Purchase of Most Finance SAVINGS & Mortgage Co. Shares | their stocks and bonds have a divers MEHLMAN & COMPANY {fied risk which cannot be found in the | - | general run of operating companies. | i1t is very improbable that adverse | | conditions which might affect un- Brokers 1319 F St. N.W. International Bldg. Phone Main 8847 HEN investors in all parts of the world, in steadily inc ¢ numbers, turn to one specific form of investment, there must be a definite reason, and a sound reason, for their choic Many From Panss, Fraxce,a U matic official writes: “My own ex- perience, both while living in the middle west of the United States and since I have been living in Paris, has demonstrated to my coniplete satisfaction the possibi ity and practicability of investing by mail SAFE DEPOSIT BOXES. Thousands of men and women, in every State in the Uni and in 30 countries and territories abroad, have put their money Smith Bonds. The reason for their choice is the foundation pri of investment success—safety. Behind these bonds is our record of no loss to any inzestor in 52 years. nan Park Hote | the STOCK jiobt PUBLIC UTILITY. W Telga. 138 | ai 100 51 And proven safety is only one advantage. The interest return on Smith Bonds—now 7% —is the highest consistent with the stro protection which these investments afford. Moreover, our Inve ment Savings Plan enables you to put odd sums of money into these safe bonds, and get 7% interest on every payment. Even aslittle as $10 a month can now earn 79, SMITH BONDS are First Mortgage Bonds, stro secured by improved, income-producing city prop- o erty, and protected by time-tested sa Through serial maturities, the margin of s for investors in Smith Bonds is constantly increased. ish Rwy. & Elec. pfd From a woman in JOHANNESBURG, Sours Arrica: “The purchase of bond from you was made just as conveniently from this distance of about 10,000 miles via the mail route s if I had been in Washing- ton.” NATIONAL al Capital hia cial Colun Ihatriet Farmers & deral-Ame Mechanics o * | favorably a corporation doing busi- | . |ness in a single city should at the ‘- |same time prove disturbing to the | sume same degree in all other citie The public utility depends for i | | prosperity upon the growth and in- | Gllt E e | dustrial progress of the particular | | municipality in which it operates. | Investments 5 |This growth and progress are never | securities of the large holding com- higher type of management which See Mr. 0'Donnell, Mgr. safeguards. rity “Is There Any Chance of Loss” On My 6Y,9% First Mortgage Note?” RACTICALLY none. Real estate is the safest known form of financial security, and property values in America’s Capital City are probably more stable than anywhere else in the world. Two dollars of such security protect every dollar of your note! Metropolitan Bank 0 Wash TRUST COMPAX er. Security & Trust tiiental Trust Merchants’ Bank pal S & Trist on Trust I Loan & Trust SAVINGS Smith Bonds are sold in denominations of $1c0, o and $1 and in maturities from 2 years to 15 years. Under our Investment Savings Plan, after an initial payment of 107, you have 10 months to complete your purchase on any terms convenient to you. From a pastorin JUNEAU, AUASKA: “Permit me to say a word in ex- pression of complete satisfaction experienced in the purchase of bonds from your house by mail... .. Texpect toinvest as least $5,000in your bonds just as rapidly as I can ‘make the savings.” e Send your name and address on the form below for our two booklets, “Fifty-two Years of Proven Safety” and “How To Build an Inde- pendent Income,” telling the facts you will want to know about Smith Bonds and explaining our Investment Savings Plan. THE F. H.SM1TH CoO. ; ki PITTSBURGH NEW YORK s R e e ‘Washington, D.C. MINNEAPOLIS NO LOSS TO ANY INVESTOR IN 52 YEARS SMITH BUILDING, 815 Fifteenth Street—Main 6464 Address. 1 Washig urity enth s & Coni. Street. Ask Mr. King, Mgr., Loan Department BOSS A6 PHELPS HOME QF HOMES b your house and the protection 1417 K Street Main 9300 given to your clients, and can say AFRITZ COMPANY _ ; b el || on. S st TITLE INSURAN te .. ate Title.. i so the security of the hoiding com- | pany representing as it does an aver- | . {age of conditions, reduces a risk which | might be large in the case of any one individual corporation. A second | advantage is that the market for the | i ph | *Just a limited a {Hiek o thn aois’cn Eonrsoteinalls J0S0 i ”efj amount of these individual company. This is not al- notes available. It is your op- e ll.he case, but irl is the lru}‘e. portunity to obtain the maxi- t es with more force to stock : 2 3 e it dbesitn bodns: © Stocks mum rate of interest paid on Still another advantage lies in the|good first mortgage invest- ) e L BRav {mems, Czecno-Stovakia: “I am more to command and the economies | than pleased with the conduct of - 2 Thotyes: which it is able to effect in the pur- Oid Dutch Market com. chasing of supplies. All this works Old Dutch Market pfd. to increase profits for the benefit of ; the shareholders of the holding comA, panies. 14¢h & K ton Monotype uniform over the whole country, and First Mortgage Notes panies is generally much better than | the holding company usually is able | Mortgage Department