Evening Star Newspaper, August 5, 1925, Page 23

FINANCIAL | ATE VEGETABLE UTLOOK BRIGRT Local Market Prlces May Be| Affected by Recent Copi- ous Rains. Rair n the vidence ! adly wante recently been in e farmers are complain: made by weeds. and farms increases according to | eres with | sea h 8o much t ing of head Weedi irdens the sdudtion. d the low prices the | not continue. | h wet weather a | amper crops o | cantaloupes and | supplies of than usual is probable weeks will inue o greater ntinue | Today's Wholesale ¥ 14 prints, 52 selected, candled, 31a ) chicken: heavy keats, 40a | dressed 1, 33;! | ambs Spring loins ) hams Report on Fruits and Vegetables. ipplies libe narket firm fol poor stock; California, Salmon stand. de good Hearts : Dela- | 6s and | 50a1.7 standards many soft, nk Meats bo 368, ripe. ly around 1.5 ce—Supplies ret demand | New York, | type, poor | te: demand | ¥ we: Massa ound acks, Yellows, v York, 100-pound sacks, | =S mode: heavy; demand | tly weaker; North baskets, Elbertas, few medium 6s, El Peaches light, market Carol bushel large size, 2 size, bertas, 2.50; medium size. large size, 2.2 Belles 2.0022.2 qv and condition, medium size, 00 some soft, Elbertas, fine large size, 3.00; Potatoes in Llnhl Demand. Potatoes—Supplies moderate; de; nd light, market steady; New Jer- v, 150-Ib. sacks, Irish cobblers, U. S. No. 1, 6.00 Watermelons—Supplies heavy; arket dull, direct to de- | slightly remlers, 28.1b. average, Supplles moderate; demand cet steady; Maryland and Virginia, bushel basket rious va- rieties, medium size, 1.25a1.50; few fancy, large size, 1.7 Sweet potatoes—Supplies moderate; demand slow, market dull, slightly weaker; North Carolina, ~ cloth-top stave barrels, yellow varieties, No. 1, 6.50a7.00. Blackberries—Supplies mand limited, market Jersey, 32-qt. crates, & ht; _de- steady; New 025.50. | Diamond Trade Control Sought. NEW YORK, August 5 (P)—Re- ports that interests affiliated with J. P. Morgan & Co. are in a syndicate to direct the world’s diamond trade recalls in the financial district that the banking house has been in the diamond business for years, being largely interested in the Anglo-Amer- fcan Corporation of South Africa, Ltd., one of the largest producers of diamonds and gold. The American committee consists of E. R. Stettin- fus, W. L. Honnold, William Boyce Thompson and C. H. Sabin. The Newmont Mining Co., recently intro- duced to trading in the outside mar- Xket, is sald to own about 140,000 zhares of Anglo-American Advances Price of Lead. , NEW YORK, August 5 (®).—The American Smelting and Refining Co. nced the price of lead from per pound. Pig Iron s Standmg Price. NEW YORK, August 5 (#).—Pig fron, measured by the Iron Age composite price, has stood at $18.96 for five successive weeks. Previous to this it had not been below $19 since April, 1922, Finished steel remains at 2.439 cents per pound. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. 01d Rules Do Not Change while th ny Ty tells you entirely « preceded it pletely chan, old rules r grain that in a this or from itions asserts, some one market is that ever re so com that the wpply. If it s up it Is because umstances without prec is no chance of loss for the rise. Or if e that the is so sound that collapse which expe- vs followed s does not is investment man is talking ssures you that at bargain lev- edent 1ot 1t 18 stocks he is basis for the pbidd exist. Post ties the wise and if so he opportunities to buy els will never return Whichever it Is and whoever it is that makes these assertions they are The laws which govern the t speculative and investment markets have not been repealed and | are not going to be. Short crops and hig! prices are followed sooner or crops and low prices, neing markets in se curities in which every one who buy makes money—for a time—are sue. cveeded by markets in which quota- tions melt away much more rapidly than they advance There always will be just as good opportunities in the future to invest your money profitably as there have been in the past. v not be in the same stock or me bond or even in securities dependent upon the same industry or connected with operations in the same part of the world, but nothing is more certain than some time equally favorable pos- sibilities will present themselves as they have in the past. The investor or the speculator who operates on any secu about, 1A and B completed a rise of 3 |)01n\ { from other theory is making a grave error. <Copyright. 1925.) NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. | NEW YORK, August { more than 24 per cent over the month st year. The company ranks favor- ably with others engaged in the chain 5.—Continued | store industry, and earnings have activity and strength in motion pic- | shown a steady growth over a period ture stocks on the Curb Exchange|of vears. Its operations extend along ! today eaused considerable comment in | the Atlantic seaboard and far west as | tinancial circles. Wall Street now has | Ohio. the report that a_merger in this in.| The great demand for public util- dustry is about to be completed, which | ities again was an outstanding inci- 1 Unite Pathe Exchange and War- | dent. Southern Cities Utilities re- hers. Which of these com- sponded to the estimate that earnings = 1 to absorb the other was not | for the first six months w ould be equal de known. Pathe Exchange class | to more than $9 a share on the com- mon stock. The voting trust shares also moved forward. United Light and s selling around | Power, Western Power, Electric Bond its highest prices. The common stock | and Share and Associated Gas and of the latter company, after opening | Electric also were strong. was bid up to 15% on running Declaration of the regular quarterly Another reason for the strength | dividend of $1 on Cuba Co. had no ef- in Pathe has been the successful mar- ! fect on the market for the s ketiy the Pathex motion picture | which was a half point lower mos camera und projector, sales of which | the time. The me was true of Vacu- anning at a high rate. | um Oil, which practically ignored dec- th in Grand Stores reflected | laration of an extra 50 cent dividend the favorable report of sales in July, | in addition to the regular quarterly which were at the increased rate of | 50 cent disbursement. st week's close, Brothers class A Wi while Warner ollow - bond the New YOR n oficial ded in August 5.— list on BONDS. Hixh 91 Low Prod 4, val 2 Salt Ck Shreven El 01l 5 Venezuelan Pet S Woodley Pet INDUSTRIALS Pow 021, s DE1013y 807 1 Ac 1 Adir 4 Am 14 Am 20 Am 4 Am 3Am Rayon Prod Superpow A Superpow B 10 Am 54 Am ok B35 10815 s101 1 Brompton P & P Brit-Am_Tob Cou Bklyn City R R. an D G Ale nw ar Light en Steel entrit Pip Cor hapin Sac & C hatterton & S n i i 1 1 4 8 C 21 G 1 Cer » « Ohio” Pow C 2 Okla G & F 5 ISR 32 D 53 8631, ci i ow'ts 1036y « 101 ol 1st_pd’ 68 100 © 4 Shawsheen -1 Sou Cal B4’ ck_Cab Mf A BipsAss: e e Auto ommorw P Co 6%;s. 100 ot 101% new Commw P Cons G Balt new Continen Bak A 32% Continen Bak B 8 Cont'l Bak ptd 2 Cont'l_Tob Ine > Coty Ine Sun Ou's%hs e e Dunhill Inti 1 Durant Mot “Bo & Sh pid Bo & Sh pfd 10 B & S ne: FEEE {urvl;al\:»g FonEiGs BoxDs Bl e L;I R R _Fran 89 L Fox_Plctures A fr H H Mg Co H M! € pt Eise R C Chas. ub M{ A Houst El Corp e’ Cream. 3 2Gen G & E pfd A17 Gn GEE pln A 0% Gen G & ¥ ot 3160 4Gn G & Epfn B 4G OACA exdv 10Gen 0 A C vie BGillette S R 5Ga L Pow & R 1% Goodyear Tire T Gould Coupler A 8 Grenann Bak 1Grm R & C R 16 Happ € St A 1Happ C St ¥ 4 Hazeltine ~Corp Horn & Hardar Inter Contl Rub. 4 Intl Coner Ind G 9 Intl Mateh C ptd 69 Intl Match C rts 4 Int Ma new pf wi 3 Inter Cul s 8 Rink Den'sias w1 615 Nl\rnfin Fried L 7s RR1; 138k TR Gua 07 b s 43 Swiss'_Govt 11 Thys Ir & S 3 12 Toho £ Pw Lia %5 012 Salesin STANDARD OIL ISSUES. units. 500 Anglo-Am_ Cil 10 Buckese P L. 100 Chesebroush Sk ) Cont_ Ol .. ) Crescent P L 40 Eurcka P L. 50 Galena Signal Oil 4800 Humble O & R.. 50 Ilinois P L 100 Imp Ol ot Can'n 40 Indiana P 5600 Int Pet Co Lid.: 700 Ohio_Oil 1900 Prairie 0 & G 140 Prairie P L.... 30 Solar Refining . South, Fenn Ol 10 Sou W Pen 68008 0 Indian: 500 S O Kansas 2008 O Kentucky. 105 O Nepraska! 708 0 ‘Ohio 600 Vacuum Oil Sales INDEPENDENT OIL STOCKS. in hdrds. 2 Am Maracbo Co 1034 7 Kelvinator C Johns Manvil Kraft Cheese a Salle Ext Uni dover Ho C A n_Fink Pr wi Pow sec vte Val C N - EY e P eI 314 weer vul Mid West U prin 1061 1 Miller Rubber... 180 ohawk Val nw 14 otometer A. unicipal Serv.. 1 usic Master at Pow & Lt at Pub Serv A at Pub “ser B avada Calif El ¥ Tel Co pfd 1 ick P ne pfd wi jzer Corp A fzer Corp B orth O Pow or Ont Lt & or States P ‘s! 08" Crown Cen selid O1 bson_ Oil, alf” Ol Kirby Pet Lago Pet s Corp of Pa & B P e Washington Stock Exchange SALES. Capital Traction Co.— at 100%. Jg0 ashington Rws & Elec. com—10 at 3¢ Lanston Monotype—5 at B4%, 2 ot 84 National Mtge. & Inv. ptd.——90 at 9 10 at 9%, AFTER CALL. Washington RBwy. & Elec. ptd.—1 at 85. Money—Call loans, & and 6 per cent, Bid and Asked Prices. BONDS. PUBLIC UTILITY. American Tel. & Telga. American Tel. & Telga 4% Am. Tel. & Tel. cil. tr. 5s. A cagiia & BOLOHIAE 58 ‘Ana. & Potomac guar. C. & P. Telephone bs. © & P. Telephone. of Capital Traction R, R. ity & Suburban Bs... Georgetown Gas 1st 5s. Potomac Elec. 15t 53. Potomac Elsc. Cons, 5 Potomac Flec. 68 195 Pot. El. Pow. §. Wash.. Alex. Waeh: Bait. & Ann Washington’ Gas Washingion G Wash. Towy. Wash. Rwy. & Elec. gen. 6. NISCELLANEOUS. ) . Paper Por FaResCoacd bic. 8 Rikis Real {igher Rirks Real Sotinern Bidg. 6i4a Wish Mit, Coid Stor 5 Wirdman Park Hotel STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga. Capital Traction - Wishinston. Gas ortolle & s, § Yeamn Ref: & Blec: Sl Terminal Taxi com. NATIONAL BANK apital. 2332585 o FARE B Sesns S oo = F FEERE PR BE GF E FEAR Norwalk T & 20nt Let Co wi.. & Ont 14t Co o T Pieer'sd B &t 54 o4 Burity, Baking B 25 S 6 ica n vte 50 Serv” 5 Corp" & 1Sleep Rad vie., '8 9 Soutneast P & Lxsl Cal 139 BoR3T smvmen £ uaean % £ 3 [y 4 Sou 4 Sou Cflifl Uil lSoIl Sit llll vie 3 St. Pap .. ztund 'ub C A 1 Stand Texl Prod 4 Stutz Motor . 3 Swift Int . 2‘mlfi & Co .. 5 Tobacco Prod Ex Tuhlra Art ion Carbide. . G G Profit Sh, Sis rasmmat BRIt mlie Lismaaio SoE R e RS R RS » SRS LA B ASE S aciaaa s cBusash I S TS S SSS5EE i I ctor Talk Mch Radio arner Bros Pis arne- Bros P A est Pow : eat Pw pfd." hite RK M So h son & C n wi Vils & C nw wi. ils & C n pf wi MININ H 345EBEEGE o S8R R I, e ons SE R e R R R [BIREED D@Ly a3 Ai55g552 alz\pras(l( op” anario Cop) Cons Cop Mipr:ru Gold Newmont- i !‘..’?”2’" ilnii 3 Niplsen 18 Braier® 6, 20 Red Warrior . 180 Am Gold & P & Tonoran Exi* . 0 A0 Wenden Co; National olumbia Commercial Dictriet - Farmers Féderal- American Liberty faifonal deiropoitan First Mortgage Notes FOR ONE rOODS T 1 T0kaE THOS. E. JARRELL ‘Wash Sa: ety SR Rk Buane Main 766 Money to Loan Secured by first dead of trust o Brevailing interest and commission: " Joseph l.Wdler'”‘""‘ L. & Trust Blde.. Oth & F N.W. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street American Security & Tru Continental Trust.. erchants’ ational Saving “nion Trust Washington Loan & Trust’ .. SAVINGS BANK. Tniied. state Washington Mechanics' FIRE INSURANCE. American Corcoran Fireme Nitiona® vnica. TITLE INSUBANCE. Columbia_Title Real Estate Title. MISCELLANEOUS. D. C. Paper, pfd. £ Merchants” Tran Mergenthaler, Linotype Natl. Mtge. & Inv. pfd Old Duteh Market com.. . Oid Dutch Market pfd Lanston Monotype Security Storage... .. Washington Market. . Yellow Cab COTTON GOES LOWER UNDER FAST SELLING Market Weakens on Crop Report Showing 300,000 Bales Decrease in Production. By the Associated Press. NEW YORK, August 5.—Relatively firm Liverpool cables falled to stimu- late buying in the cotton market at the opening today. First prices were steady at an advance of 2 points to a decline of 2 points, but the market almost immediately weakened under a renewal of the recent selling move- ment, which was encouraged by an other private crop report estimating the yield at 13,265,000 bales, or about 300,000 bales less than the Midjuly in- dications. Wall street interests were heavy sellers during the first hour and prices broke Into new low ground for the movement, December selling off to 23.80, or about 13 to 16 points net lower. The early decline extended to 23.78 for December, about 12 to 17 points below yesterday’'s closing quotations, but at these figures offerings became smaller, course. The market steadied on cover ing, which became a little more active after publication of the weekly weath- er report. It was less favorable than expected, but demand failed to broad- en and trading was quiet at midday. December ruling around 24.00, or about 7 points net higher. Ahother private report estimated the condition 68.2 and the indicated crop 14,128,000 bales. New York cotton futures closed steady at net advances of 11 to 23 points. Tign. October 5 December January March May Opening; October. 23.85; December. January, 23.35: March. 23.8! Prices Drop in New Orlea ‘W ORL! The cotton easy market had a somewhat opening, although Liverpool | cables were a ‘shade better than due. First trades showed losses of 1 to 7 poin and prices eased off further after the call, but soon rallied, October trading up to 23.21 and December to 23.38. Before the end of the first half | hour October had declined to 23.04 nnll December to 23.23. Sentiment appear- | ed to be somewhat mixed and con- trolled by uncertainty as to what Sat. urda Government report may show New Orleans cotton futures closed steady at net advance of 17 to 24 point October December’ Tanuary March” 5 Onmmr January. bid. “listen to if you do It is not at all painful to both sides of the question” not have to decide. WANTED! SECOND TRUST NOTES Funds available for the pur- chase of all kinds of second trust on D. C. or nearby Prompt action 1n every case. Washington Investment and Transactions Co. 715 14th St. N.W. Maln 3662 300000000000 as if liquidation had run its | NS, August 5 (P).—| *o000es .\s\m\s\w{&&'iswms | I | WEDNESDAY, AUGUST 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 JAMES F. SHEA na Ave. NW. 643 Lou Prompt Action First Mortgage Lowest Rates of Interest and Thomas J. Fisher & Company, Inc. 738 15th Street Loans ‘Commission We Can Save You Money on the Purchase of Most & Mortgage Co. Shares MEHLMAN & COMPANY Brokers 1319 F St. N.W. International Bld; Phone Main 8847 Finance QUléKmLOANS ' HOME GWNERS $150 to $5,000 1st, 2nd_and 3rd Trusts In_Three Days DISTRICT TOAN 'I‘RD('I'BY\IZ\T 0., Open Evenings 7 to 9. Tel. Main 4438. mms\\\s\t» S\SW LOAN First Trust Loans Improved Real Estate at Lowest Interest Rates Prompt Ac N. L. Sansbury Co. Main 5904 Investments 7% First Mortgage Notes Just a limited amoun notes available. Tt portunity to obtain mum rate of interest good first mortgage ments. See Mr. O0'Donnell, Mortgzage De o and Second on n Unlimited Funds 1418 Eye St. N.W. the on S! ., Inc. AREARARLARAARARE AN NN HNNNS t of these maxi- | id on| invest- P Mgr. ““mw lith & K BUILDERS Can Secure Loans —for construction of homes in Wash- ington. Action within 24 hours! See Mr. King, Mgr., Loan Department BOSS &b PHELPS HOME OF HOMES 1417 K Street Main 9300/ The Prudence Company, Inc. of New York Invites Applications for Construction Loans Long-Term Refinancing Amounts of $50,000 and over FRED T. NESBIT Loan Correspondent Investment Bldg. 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 Honses Business Properties Apartments N Office Buildings 5%2% N APPROVED SECURITY 4Apply RANDALL H. HAGNER & COMPANY MORTGAGE LOAN GORRESPONDENT | 1 | | | f 1 | Half the houses 5 1925 Safety First A high rate of commission NEVER induces us to make an unsafe loan. SAFETY for the purchasers of our 1st Mortgages is our first eonsideration. Invest in Them Today—Con- venient Amounts. CHAS. D. SAGER 924 14th i LOAN —on First Mortgages on im- proved property in Washing- ton. Current rates, Prompt service. [SHANNON - & LUCH 713 & 715 14th St. N.W. of the nation still need electricity “Power and Light,” our booklet, tells about this growing industry. Copy will be sent upon request for C-585. | E. H. Rollins & Sons Founded 12376 416 Woodward Bldg., Washington New York Philadelphia Denver Boston Chicage MILLIONS - INVESTED WITHOUT LOSS— Would You Consider This a Good Record? Well, That’s What Has Occurred In Our First Mortgage Investment Department. This Enviable Result Shows the High Degree Of Safety That an Investor May Enjoy When He owns Our First Mortgage Notes— Current Rates— Mortgage Investment Dept. SHANNON& LUCHS 713 & 715 14th St. N.W. Main 2345 San Frencisco | | FINANCIAL. Equitable Co-operative Building Ass’'n JOHN JOY EDSON, President FRANK _P. REESIDE, Secy. Organized 1879 45th YEAR COMPLETED .ee..$4,942,132.68 Surplus ...$1,317,011.44 Subscriptions for the 88th Issue of Stock Being Received Each Pay Day deposst a small amount of your carn- ings in the Equitable. Their system- atsc saving plan will put you on the right road to financial independence. Join Today 915 F St. N.W. (5T T SHARES $2.50 PER IONTH . P APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Subwsbs in Montgomery County, Md 5% INTEREST '.’fl pply 7o H. L. RUST COMPANY LOAN CORRESPONDENT ®se PRUDENTIAL INSURANCE COMPANY o AMERICA 912 15th Street N.W. Main 6883 A BETTER INVESTMENT YIELD Experience has proved to a great many individuals, trus- tees, banks and insurance com- panies that conservative— FIRST MORTGAGES Quarter —vield the highest interest re- of a turn over a period of years. Profit by and invest your funds in our— 62% FIRST MORTGAGES Century their experience Without a Loss B. Main 2100 F. SAUL CO. 925 15th St. N.'W. From a missionary in Yuno Cxvr, Cumxa, we reccive this message: “Your long history of safety and of honorable dealings with your clients gives one a feeling of se- curity that is not at all diminished by the 10,000 miles intervening be- tween your officeand my domicile.” From Pauis, Faaxcs, a U.S. diplo- 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 complete satisfaction the possibil- ity and practicability of investing From a woman in Jonax~zssuso, Sourn Arnica: “The purchase of & bond from you was made just as conveniently from this distance of about 10,000 miles via the mail route as if I had been in Washing- ton.” o From a pastorin JuNeAv, ALASKA: “Permit me to say & word in ex- pression of complete satisfaction experienced in the purchase of bonds from your house by mail..... T expect toinvest as least $5,000in your bonds just as rapidly as I can ‘make the savings.” Crecud-Stovax: than pleased with the conduct of your house cnd the protection given to your clicnts, and can say with satisfaction that distance of- fers no handicap to your service. Of One Mind in Their Choice of Investments though they live in all pars of the world Investors in 48 States and 30 foreign lands have put their money into SMITH BONDS WHEN investors in all parts of the world, in steadily increasing numbers, turn to one specific form of investment, there must be a definite reason, and a sound reason, for their cholcc. Thousands of men and women, in every State in the United States 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 710 loss to any investor in 52 years. And proven safety is only one advantage. The interest return on Smith Bonds—now 7% To—is the highest consistent with the strong protection which these investments afford. Moreover, our Invest- ment Savings Plan enables you to put odd sums of money into these safe bonds, and get 7% interest on every payment. Even as little as t10a month can now earn 7%- SMITH BONDS are First Mortgage Bonds, strongly secured by improved, income-producing city prop- o erty, and protected by time-tested safeguards. Through serial maturities, the margin of sccurity for investors in Smith Bonds is constantly increased. Smith Bonds are sold in denominations of $100, $500 and $1,000, and in maturities from 2 years to 15 years. Under our Investment Savings Plan, after an initial payment of 10%, you have 10 months to complete your purchase on any terms convenient to you. 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 Co. NBEW YORK 5 g PITTSBURGH PHILADELPHIA Washington, D.C. MINNEAPOLIS NO LOSS TO ANY INVESTOR IN 52 YEARS SMITH BUILDING, 815 Fifteenth Street—Main 6464 Address.... 1—2