Evening Star Newspaper, August 4, 1925, Page 23

FEW CHANGES SEEN N MEAT PRICES Local Market Quotations *Show Slight Deviation: Fruits and Vegetables Plentiful. Received by Private Wire | BY WILLIAM F. HEFFERNAN. | €vecial Dispatch to Tue Star. 1 NEW YORK. August 4—Public {utilty stocks were favorites 'in the tbuying movement on the curb ex- {change today. They were being bought | for reasoms aiready pointed out— j pamely, substantial increases month !by month in earnings. | The features today ‘included Elec- itric Bond and Share, up, 3 points: | American Superpower issues and As- soclated Gas and Electric. the” st amed up 33 1o 412. Western Power | suined a like amount. but the buying | Was not persistent. . There appeared to be no let-up in {ihe demand for motion picture stocks. | Warner Brothers Pictures. class A \ lifcless meat market was report- morning The. market glways is slow at this on aeeount of wany per- son¥being absent.from the city,” ob- servad u dealer, “but this season's mari he average for the time af i f Me have undergone. but e -the past month,|ing is an official list of bonds- and dealers siated. and probably will not | stocks traded in on the*New. York experlence much change until the ! Curb Market today: el aren sets in. 1 & Butter. and egg prices are practi- | 5 cally,the same as prices quoted last |’ weels, and the plentiful supplies of | frults and most vegetables cause low pricez_to continue. i Potato Supplies Moderate. Potrato supplies continue moderate, withe? prices - high, but most of the; green vegetables are being received | in quantities much larger than nec- | essary to supply the demand. Toduy’s Wholesale Prices. Butter—Pancy, tub, 49: prints, store. packed, 28a31. Eggs—Fancy. selec aver Poultr: ed seasgn S0 NLW YORK. August. 4-——Follow- seco SEL T ties Serviee 7 SealEoalis ba Co of N J 63 92 % .8l 1058 128 PR ~E5 e oo 30; ducks. Ave stock—Calves, §14a101:; lambs, | 14al5: hogs, 15. | Medts—Beef, 17a18; v lambs, 30432; hogs. 3™ snioked shoulder TEEF A f 222203202 Seatas x2S es TR R Keport on Fi Cantaloupes - mand moderate. market steady zona.: salmon tint iards 1.25a umbos. ¥ 5 flats, 128 honeyd standard mostt 530: honey | and 1ds. ripe, 1.20m | Turlock sectiof 1 mon-tints, standards, 4s. 2.00a2.50:| = North Carolina, Ridgeway section, &l mon tints, standards. 36s and 49s, | best, mostly 1.26al.50; few higher:: poor to ordinary condition, Toal.00; | Melaware and Maryland, Shore, | salmon tints and hearts of gold, stand: ards,o 38s. 1.00al.75, mostly around 1.50:~jumbos, 36s, 2. 5. i Leftuce— s light; demand moderate, market firm; New York, | 2-doz.. crates, Big Boston type. ordi | nary muality, 1.75. i Onions light: demand modegate, market steady; Massachu- | 100-1b. sacks vellows, | 4.50. Supplies market s bushel baskets SS3223525X3S88 uits and Vegetables. Supphies liberal Usage 0 of Cal M 6% FOREIGN BONDS Alpine Yont § 78 91 City Beriin 634, 89_ Eet BB Frande B3 T Webster heavy; ‘demand { forth: Cay Mrt Bl Chile 6133 moderate, g olina, hve Iron & SU 13 Tobo E1 P Ltd 7s STANDARD OIL 0: xes % small size, 1 I'rees, medium to large size, 25042 Virginia, bushel baskets, Belles, small size. ordinary quality. | 150> Petatoes—Supplies mund mode Yellow 188U n wte, 1500 An 100 ALl 100 A1) L de- | iy stead, moderate: te, market f .. 1501 Erish - Co Watermelon Supplies Heavy. Watermelons—Supplies heavy: de- mant moderate, market dull; Sales direet to retailers: South Carolina, | Thurmond Grays, 34-pound average, 502901 26 to 28-pound average, 50a6( 8 toe 20-pound average. 25a35: carlot sales: South Carolina, Tom Watsons 28 to 30-pound average, 350.00: pound average. momt-Grays. 34-pound ave Apples—Supplies mod tight:- market = ste: Virginia, * bushel icties, hest, 1.75a2.00. s " 40 Southern P L. 10 Sou W Pean P'L 03°0_Ind 5 0 Kan 33 O Kentu S Q Nebrask 100 Swan & Finch.. 16 500 Vacuum 01l 881y INDEPENDENT OIL 1 S8 88% STOCKS. te: demand | : Maryland and basket, various mastly 1.80; few la Sales in hungreds. Am Mara Co “arding] Pete. . Washington Stock Exchange SALE; hington Gas 56—$2.000 at 993, Washington Gas Os 3—$500 at 103%, & Elec. 45—$1,000 at 4. $4.000 at 7o, 2 s 1053-—100 at 108 Capital Traction—b at 100t 6 at 100 Capital Traction 0s—S1.000 at 98% 2.000-at 98 1. Flec, pd.—8 at 843 Ratiingion Ry TR G AR T T A T Pl (e A5 197 at Raiy. H Natl: Mtge. & Invest. pfd.—30 at 50 poas g e B - AFTER CALL ac Elec. 16t 55—$1, Washington 10/t 62 c. &P Th h 01l gGulf Oil of Pa. 2 Kirby Pet... 113 Lago Pet.. 3 Lion Ol fex Panuco i Mount Prod ¥ Mount Guif 1 Nat Fuel Gas . o Naw Mex d 1 Ohio ¥uel Corp. I Peer Oil_Corn. . 6 Pennok_Oil_Corp 4 Red Bank Oil Reit-Foster Oil. 1 Roy Can O & Ref . k Cons @Salt © s 6 8alt_Cl Prod 1 Sapulpa_ Bofin $1,000 at 100. at 100 ston Gas 65 $300 at 10214, 3 UNLISTED DEPT. Chapi 8% pfd—25 at 99, Money—Call loans, b and 6 per cent Bid and Asked Prices. BONDS. > BLIC UTILITY un 5 Yenezuelan Pet. 3 Woodley . Pet INDUSTRI. 5 Adirond Pow. 1 co smerican Tel ‘meniipn. Tel. & Telga. 4 Rason Prod. Superpow A Superpow B e 2 SEE Boissonnault G C .1 Elieomio ik 5 1 Brit-Am_Tob Cou 550 A bttt K. Gs.. ong ) s (short) A Baking b 1 al 4 § Gont Tobacco Toc PUBLIC UTILITY i ¥ Stoamboat vy LICHN Termipal 2 NATIONAL B Natiousl Capital Calumiia Commrercial District .. “arrers & M. Faderal-Americal Liberty . AN reka Vaem C. 2 ¥ed Motor Tryckt 1" Métropolitan Bank of Wash 18 Gen G & Baw A Gk%v!fl! Commigree Savings Sacur Sevent Carted s Wasiyugton Mech: i FIRE INSUBAN American % as Corcoran Firemon's s National Union. .. . 3 TITLE INSURANCE. Columtia_ Title 5 Real _Eetate Title, 150 MISCELLANEQUS D, G Paper_ofd HE Merchants' Trans & Siorage. Mer aler’ Linotype. ’ & Tnv. pfd Old Dt D e Y Int Match rts. Int Match new pf Tnter-Ocean R -C Int Utilities A nt Ttilities E Manville. » P cirt oS i alie_E: Lebigh Vsl Coal bigh Val C N N &L B 218005 Old Dateh Market pfd.. Lanston Monotype. “*Yellow. Cab. NEW YORK CURB MARKET & F 148 7 1 83w i operated b Direct to The Star Office was carried to & new high above 20%. Fox Fiim also reached its best prices at 593, and Pathe Exchange was bought above 87.. The advance of 2 points in Victor Talking Machine was set down to short covering, and after this had been completed the stock dropped back to its former. closing levels. St. Regis Paper was in de- mand, advancing over $ points. The feature in the oil group ‘was the proncunced strength in Creole Syndicate. It was reported recently that the company had brought in a 12.800-barrel well and that daily ship- ments now epproximate 5,000 barrels. Over 50 per cent of the stock is under- tood to be held by one group, and | dividends are said to be likely before !fhe end of the year Bubber River “Pow oore Dr Fors A Mot Pic Cap Co Sohawl Val new Yoo Mister, & Unicipal Sery 137y Master € 133 L 4% Li 346 1100 430 Leather P &L Tea “Co Pui Sere Zhengut S EERERRY: P e isE R i B LISERERERREE HE Ot 3 Prophylac o Bunty Bl 6 Purity 3 Reo Brush. k A.... ake B, Sleep B & South ar ¥ stede Wultt R C. 3 Swift Intl. S Gypeum € 30 8 Lt & Ht pt U § Rubh Reclaim Yict Talk Mach Warner Br Pi 37 West Power. 1 West Power pi. DINING 10 Arizons Globe C 5 Canario Copper. . Cons Cop Mines. Cresson_Gold Eng G M Lad 1 Eureka Croesus First Th G M ationgl Tin.: Newmont Min N J Zine hio Cop.”.. 00 armac Por M Ttd ity Gold Wenden Cop i TOBACCO SEAVSON OPENS. tions at 30 Warehouses. RICHMOND, Va.. August 4 (P).— haceo Growe o-operative Associa tion began today, when 30 warehouses the organization in South ! Carolina and the horder ceunties of North Carolina opened to receive 1925 tobacco. The assoctation headquarters here reported that one of the largest crops of tobacco ever raised In South Carolina is now being harvested. ol e L8 CALL MONEY RATES. NEW YORIK, August 4.—Call money firm; high, 414: low, 41 Tullng rate, 43; closing bid, 413: offered at ; last loan, 41s; call loans agalnst acceptances, 3%. Time loans firm mixed collaieral, 60-90 days. 4a4% 4.6 “months, 4%a4lz; prime commer. clal paper, 4. METAL MARKET. & [lish mar | spot [COTTON GETS-BOOST IN TODAY’S TRADING Advanoe of 3 t0.12 Poiiits in New York—Crop Acoounts Held Favorable. - - NEW YORK, August 4-—An ad- vance of 3 to points in thé cotton market early today was partly a flection of the strength at Liverpool and partly due to a private crop re- |, port pointing to a decline n thé in dicated yie last bureau report. . , Early demand came chiefly from’ shorts and.New _Orleans interests, While. business was not broad. the undertone remained steady, with Dprices not far under the opening lePels at the end of the first. hour. A lttle rajn fell in the southern half of Texas, and crop accounts on the, whole: were considered favorable. . At.the best point of the morning October sold at 24.27 and December 24.28, or 11 to 13 points net higher, | from. which- rather sharp -reactions | oceurred toward midday, which car-, ried the active months 4 points under the previous close, This was attribut- ed ta & crop estimated by a Memphis authority of 14,333,000 bales. The ay- erage of all private estimates thus far published for the end of July is 66.2 for condition, with an Indjcated yield of 13,586,000 bales. New York cotton futures closed. easy ‘ut net decline of 19 ta 28 points. Low 3 H 56 | P .. 34 .00, i Opening: October, e 24.28 1 Janiary. 93,60 March. 5395 Mar. S35 | Gains in New Orleans. ' NEW ORLEANS, August 14 (#).— The cotton matket had a qitlet epen ing, amg first trades showed gams of 2 to 6 points, which was a poor re- sponse 1o Liverpool cgbles, the Eng-| et having come in better T'rices eased off a few points after the call, but soon | rallied er trading up to 23.51 and December to 23.87, or 6 to 8 points ! above yesterday's close. Thers was| an absence of fresh developments, al-| though rain was reported from ex- treme southern Texas, where, not!| needed. At the end of the first hour | trading was decidedly listless. . The market improved slightly ‘on fears of too much rain in portiona of | the West, particularly in south Texas.| October traded up to ?3.54 and De cember to 23.65, but later prices eased | off, owing to the report of, a proml- nent private authority makipg the in- | dicated yleld 14.333,000 bales. October | dropped to 28 and December (o .48, TFour private reports were Is- | sued during the morning showing | condition ranging from 65 to 69, and indicated yield from 13,400,000 to. 14.-| 323,000 bales. Cotton_ futures closed steads’ at cline of 24 to 31 points. than due. net de- ‘ October December Jauuary 1 49 March. December 93 .66 3.53 bid: Mpy. Prices Steady in Liverpool. LIVERPOOL. August 4.—Cotton, quiet: prices steady: American | good middling, 14.24: xood . 18.05: striclly middling. middling, strietly low mid 13.14; midding, 12.7 zood ordinary, 1 good o 11.78. Sales. 3,000 bales: Ame . 2,500, Recelpts, 5.000; American Futures closed steady: August.| October, 12.76: December, 12,7 January, 12.70: March, 12.74: Ma¥ 12.77: July, 12.73. . BOSTON WOOL PRICES. BOSTON, August 4 (Speciall—The | wool market continued dull today and | there were indications that prices | could be modified if necessary to se. cure business. Most dealers. insist | that they are not shading prices, but | sales are being reported which indi- | cate concessions are occasionally . be. | ing offered. Sales of good flecce. wools have been recorded at b3 to 54 cents for half-bloods ecombing and 53 for three-eighths blood. which are about a | cent a pound under nominal quota- | tions. Good Australian 64-70 have sold at $1.15 4 pound, clean. a drop of 5 | cents. i Nearly 57,000 pounds of American- | made rubber heels were sent in a | recent month te Mexico, home of! | revolutions. NEW_ YORK, August 4. Copper fir Electrolytic. spot, and near! futures, 143 steady: spot and nearb tures, 59.00. Iron steady changed. Lead steady: 9.10. Zinc firm; East S futures, 7.50. a18.00. spot, 8.50a Antimony, spot, The quality of hay is now deter- mined by its color shown in a special machine that permits matching the hue with predetermined shades. Investments FOR YOU There is a sharp distine: tion between good invest- ments as a claes and what may be good investments for you. We will gladly help you select securities which fit your own particular requirements. Our monihiu offering Vist for Aumust is nou available. Call or wrire The National City Company ‘Washington—741 15th St. N.W. Telephone—Main 3136 Tin | i fu-| prices un- | Lonis, spot | Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street 40HN POOLE, President Buy i First and secbnd trust ;| real cstate notes se- cured on income pro- ducing real estate: in ‘Washington, D. C. Construction Loans Made Real Estate Mortgage & Guaranty Corporation 26 Jackson Place < ¢ Resources. over 32,250,000 L. B. BREUNINGER.. President. ' - First' Trust Notes Absolyte Safety—Amp) et Boainess Secured on DTty as.compared with thel’ 3100500 00031, 000 W. H. WEST COMPANY | 916 15th St. Main 9900 ; X SRS LOANS! lmy?.v‘:l‘kul SECOND TRUST Ngfl! our: Feal estate, . Promot ery Case. Washington Investment .and_Transactions Co. 715 14th St. NW, Interest Rates Prompt Action Unlimited Funds N. L. Sansbury Co., Inc. 1418 Eye St. NW. Main 3004 A SR RS SRR SRS AR A First Mortgage Notes Just a limited amount of these hotes available. It is your op- portunity to obtain the maxi- mum rate of interest paid on good first mortgage invest- ments. - . See ‘Mr. 0’Donnuell, Mgr. Mortgaze Denartment First Mortgage Notes— Secured by Improved Real Estate In Washington Worth Double The Amount Of the Loan— Interest Rates Today 6%, % — Denominations of $100 to $5,000— Partial Payments Received— STOCKS BUCK & CO. —BROKERS— Established 1916 We Buy and Sell Listed Securlties Outright or on Margin Qur Marginal Reqnlre}vunu Are Reasonable and Attractive Visit Our Board Room . or Write for Weekly Market Letter Direct Private Wires New York Baltimore Philadelphi Washirgton BUCK & CO. 1420 N. Y. Ave. N.W. 312-13 Evans Bldg. Phone Fr. 7300 REAL ESTATE LOANS 53% st | RESIPENCE LOANS AT LOW RATES FRED T. NESBIT NVESTMENT BLDG. Main 352 SULT IF YOU VE FUNDS TO INVEST THOS. E. JARRELL ines: Ranlc Building 21 10th St NW. 10 Toe " Worth —as measured in earning capacity means little. It’s what he SAVES that gives him the edge on his fellows. {This old bank is paying interest to over 45,000 in- dividuals. Are YOU among them? BIRTReLs of Suterest Pora"on somais and large accounts. Oldest Savings Depository in Washington Cor. 15th and New York Ave. [l ———o]—=A ] T The New York Life Insurance Company Offers to Make First Mortgage Loans e e T T on Improved Real Estate In the District of Columbia and Suburbs for 3, 5 or 10 Year Periods 7 R R Hou, Business Properties Apartments Office Buildings 5%% ON APPROVED SECURITY « Apply 4 RANDALL H. HAGNER & GOMPANTY | MORTGAGE LoAN GORRESPONDENT oANoa8/ Commecticut Hoenua, As all of this Stock has been sold, this advertisement appears as a matter of record only. 235’00,0 Shares Lehn & Fink Products Company (To be organized) Te Produce “Pebeco Tooth Paste”, “Lysol Disinfectant”, “Hinds’ Honey and Almond Cream” and ‘other products. Common Stock The rights and privileges of the two classes of stock of the New Company are summarized in part in the letter referred to below from Mr. dward Plaut, who will be President of the New ompany, from which the {ollowing is taken: The Common Stock is to receive each year quarterly dividends at the annual rate of $3.00 per share before any dividends for any quarter of that year are paid on the Management Stock. If quarterly dividends at this rate are paid en the Common Stock for all past quarters of any year, quarterly dividends at the annual rate of 30c, per share may also be paid on the Management Stock for that year. If consolidated net earnings of any year exceed $6.00 per share on the Common Stock and 30c. per share on the Management Stock and dividends at the rate of at least $3.00 per have been paid on the Common Stock and of 30c. per share on the Managemert Stock for all past years, an amount not exceeding one-half of these excess earnings may at any time be paid as dividends on the Management Stock, but no such addi- tional dividends in excess of 70c. per share may be paid on the Management Stock in any year without a like per share increase in Common dividends beyond $3.00 per share. One-third of the Board is to be eclected each year by the Common Stock and the remainder by the Management Stock, which has ail other voting power. It iy ected that the Company. tn due course, will make application to fist its Common Stock on the New York Stock. Exchange. CAPITALIZATION (Arter giving efiect to the plan for the formation of the New Company) Common Stock (No par value).. N Management Stock (No par value)....... * Of which 150,000 shares To be Authorized 1,000,000 shares* 150,000 shares To be lasued ¢ to be reserved for the conversion of the Management Stock. Copies of a leiter in who wall hold the same office in Lehn & Fink Products Compan has summarized this letier as follows: Lehn & Fink Products Company will be formed to ac- quire all of the stocks (exceot directors’ qualifying shares) of A. S. Hinds Co. and Lehn & Fink, Inc., which owns all of the stock of Pebeco, Inc., and all but a small minority of the preferred and common stocks of Lysol, Inc. HISTORY AND GROWTH The business of Lehn & Fink, Inc.. was started fifty-one years ago, and today has a high reputation as a supplier of fine drugs, rare chemicals and new pharmaceutical product: It has been distributing “PEBECO TQOTHPASTE", “LYSOL DISINFECTANT” and other “LYSOL” prod- ucts for over twenty years, and within the last ten years has acquired the entire ownership of the name and product “LYSOL"” and the United States rights to the name “PEBECO”. The formation of Lehn & Fink Products Company is for 1he of more ag easively &u “PEBECO TO PASTE”, “LYSOL DISINFECTANT” and “LYSOL” products and “HINDS’ HONEY AND AL- MOND CREAM” and other “HINDS" products, and the Company proposes from time to time to acquire other similar products by means of additional issues of authorized Common Stock. The New Company intends to devote considerable atten- tion to foreign markets in which there are great opportuni- ties for further development. More than $1,280,000 is being spent by subsidiaries annu- ally in national advertising, displays, samples and other modern sglling methods. ¢ MANAGEMENT eference io the New Company and this issue from Mr. Edward Plaut, President of Lein & Fink, Inc., may be_obtaincd from the undersigned upon request. Mr. Plaut Lehman Brothers and Bond & Goodwin, Inc., will each be invited to name a member of the initial Board of Directors. The common stockholders will have the right to elect one- third of the Directors each year. PROFITS _The books and accounts of Lehn & Fink, Inc., and sub- sidiaries have been audited by Messrs. Touche, Niven & Co., Public Accountants, and those of A. S. Hinds Co., by Messrs. Lybrand, Ross Bros. & Montgomery, Public Ac- countants. Based on these examinations, Messrs. Touche, Niven & Co. certify that after giving effect to (1) the saving of interest and the elimination of income from investments not required in the regular business, (2) the salary schedule established in connection with the reorganization, (3) Fed- eral Income Taxes at 1214%, and (4) the elimination of the proportion of net profits applicable to the minority stock interests of Lysol, Inc., which will bé outstanding, the con- solidated net pi >fits for the three and one-half vears ended June 30, 1925, of the departments of Lehn & Fink, Inc., and subsidiaries, operation of which is to be continued, and of A. S. Hinds Co. for the period from its incorporation in May, 1922 to June 30, 1925, have been as follows: Year Ended December 31 1922 1923 ...$1,129,515.33% i 1,253,933.45 1924°.... 3 1,467,473.87 6 months ended June 30, 1925 £ 707,233.63 * Includes A. 8. Hinds Co, for only the last seves and one-half months of the year 1922. The management believes that the profits for the year 1925, upon the above basis, will exceed those for 1924, ‘OUR surplus funds invested in- Florida probably - will < - yield larger and quicker returns than any other invest- ¥is ment you might make. The opportunities are greater today. * * than ever before. . 2 > A syndicate to buy and sell Florida real estate is .pow. being organized, wherein the funds of a number of individual- investors will be. pooled, thus meking it possible to handte - - larger_and ‘more: profitable. desls thas ‘otherwise would b¢ gt possi - o 3 i There will be no promotion expense. Under m: .. be invested in carefully selected properties. . § Your correspondence is invited. References—any Bank. or Banker in Lakeland: : FOTI . F. A. HOWARD - 316 East ‘Main Street 5 “Lakeland, Florida NEVBER Lakeland_Ckamber of Conimarce. Foar ational”” Arsoliavion” sk It is expected that the New Company will commence the payment of dividends in the near future at the annual rate of $3,00 per share on the’Common Steck. . The management of the New ay will be in charge ~of l%? Edward Blast, who hul?b::p.?uddm of Lehn & Fink, Inc., for the past five years. Goldman, Sachs & Co., e Price $36.50 Per Share Lhis offering is made in all respects when, as and if issucd and accepted by us and subject to the approval of Messrs. Sullivan & Cromwell, for the Bankers, and of Messrs. Wise & for” the C.omrany‘ © reserve the right to reject-any and all subscriptions in whole or-in part, to allot léss'than the amount applied for, and to close the subscription - books at any time without notice: 3 3 1t is expected that delivery of temporary stock certificates or mterim receipts (exchangeable for temporary or defin- “itive stock certificates wh:n'ple?ud)fl'will‘b’e made on or abour August 2U, 1925, at the office of Gpldman, Sachs & Ce., ~30 Pine Street, New York, N. Y., against payment therefor in New York funds. GOLDMAN, SACHS & CO. s o : - BOND & GOODWIN, INC. “T The abote information, whilt mpt guaranteed, has besn obtained from soutces which we believe to be reltabie LEHMAN BROTHERS Augusl, 1925. i