Evening Star Newspaper, August 9, 1925, Page 33

FINANCIAL THE SUNDAY STAR, WASHINGTON, D. C, AUGUST 9, 1925—PART 1. FINANCIAL. == ———————— COTTON BUYING CODE. STRETRIES THD | o0 N RO TAMONG THE “PROBABLE® EVENTS fov cnir 3 <. T0 HIGHER LEVELS Low. U. & BONDS. Unanimously Adopt Rules. Forge Ahead During Week, 100-19 Liberty 83s 1932-47.. 101-14 Liberty lat 4148 1932-47 e e e Southern mill rules for 1925 relating { Despite Profit-Taking and Bear Selling. 100-20 Liberty 2d 434s 127-42 to cotton buying were unanimously 1924 i 101 28 10221 102 102 23 1087 o938 10708 59:3 s ir 5 96 8Yt, |03h 100% 35‘4 “High 101-29 102-80 101-19 Spinners STOP YOUR INCOME LEAKS! You should not be satisfied with a return of only 3 to 5 per cent on bonds, deposit certificates, etc., when you can ‘obtain 615% YIELD by investing in our FIRST MORTGAGE NOTES They are absolutely safeguarded, being secured by first lien on IMPROVED REAL ESTATE in the D. C., valued conservatively at twice the amount of the First Mortgage. Tow. 98-22 965 08-4 99-8 Last. Yield. 100-20 8 40 101e28 8 94 100-25 892 101-12 376 102-1 397 106 S84 Last 96% 102% 994 854 108% % 107 84 97% 102 102% 1024 109% 1094% 41'% 97T% 100 102% 110% 1021 102% 100 103% High. Low 100-26 100-20 101.29 101-23 100-28 100-20 Local Companies Not Negotiating for Combine, Ac- cording to Reliable Information, but Early Action Expected. 102-1 101-1 Liberty 3d 438 1928 101-16 101-9 108-9° 101-20 Liberty 4th 43 1933-38.. 102-6 101-30 10710 194-13 Treasury 4148 1947-52... 106~ 105-21 adopted by Gaston County spinners at a meeting here last night. Repre- sentatives of more than 1,000,000 spin- 1925 Prev. week's High. Low. Close 97 95 96% dles will place the new rules in effect araIal N 102% for the new crop vear, it was an 100 93w 994 99% nounced. A stock survey announced BSly KO% 851 85% today showed only 260,000 pounds of 110% -106% 108% 108% fine combed yarns in counts above 106% 106% .107% be, are more or less certain to be|forties held in stock by 1,000,000 83% 84w realized in the success of his venture, | spindles. Th; 9%% the International Exchange Bank. = 1024 '102% In the immedlate vicinity to the 1083 1024 site named is a section of the great RIS American “‘melting pot,” in process of il that evolution that changes forelgn A0 citizens into good Americans. L They are seekers after the opportu- kgt nities offered under the free govern- vy Jhok ment of the United States and they 130w 110w are finding them in a large degre 1aoh lo2i Knowing their thrift, inbred of ne- 10214 109% cessity in the home country, realizing Sel 100 also their race loyalty, Mr. Schiavone 1024 103% and his trusted associates located their 96% 9% bank right in the midst of the homes a8% of these people—not @ busy civic cen- ter. except such and has demonstrated doe not need nu retailers nearby to make it successful. Mr. Schiavone has the utmost con- fidence of his countrymen from the men of the Italian embassy down to the humblest worker in the colony: men and women alike. For thelr religious _affairs, the hurch; on business affairs, Joseph hiavone and his assoclates of the International High. 965 108 FOREIG Argentina 6s A 1957. Argentina 7s 1927, Austriasf 7s 1943, Relzium 6s 1955 Belglum T%s nu Belgium 8s 1 Bordeaux 6s !l Brazil 8s1941.. Canada bs 1952, Canada 61s 1929, Chile 85 1926 Chile 88 1941 Chile 85 1946 Chinese Govt Ry « Copenhagen 55 1944, 4 Czechoslovakia 8s 1951. Denmark 6s 1942. Denmark 8s 1945. Dutch East Indles 6s 1947 Dutch East Indies 6s 1962 French Govt 7%s 1941 French Govt 85 1945. . terman 7s 1049... Holland-American s f Japanese 45 1931 Japanese 6%s 195 . Jergens Utd Margarine 63 1947. . Lyons 6s1934..... Marsellles 68 1934, ... Netherlands 65 1972, Norway,8s 1940. - Paris-Lyons-Med s 1958. Queensland 65 1947 - Queensland 7s 1941 Rio de Janeliro 8s 1946. Sao Paulo, State of, 83 1936. vone, an enthusiastic Latin-American, whose ambitions, great as they may BY I. A. FLEMI “Belleve it or not,” as Ripley would say, but the facts in the case gathered from sources that should know, and are belleved to know, are sald to be these; So far there has not been the slightest approachment between Wash- ington Rallway and Electric and Capltal Traction interests looking toward a merger. It is belleved, how- ever, that between now and the st of December some negotiations may be opened, with a view to the union of the two admittedly great systems. The North American Co admitted owner of two-thirds of the common stock of the Washington Railway and Electric Co,, accumulated with and since the orlginal purchase of 27,500 #hares, and of a fair amount of the | referred stock of the same corpora- tion, does not own a controlling stock interest in the corporation. This does not mean that it is not in & position, with other stockholders, friendly to its interests, to practically control the affairs of the company. The capital atock of the Washington Rallway and Electric Co. is $15,000.- 000. divided, $6,500,000 common and $8,500,000 preferred, the latter entitled to a i per cent cumulative dividend I 109 91 991, 1041 104% 10415 1094 108 474 | s6u 1015 101% 111 96% o7 713 91 9915 100% 1021, ! iptis e 95 — — Send for descriptive booklet, or call Mortgage Investment Dept. NEW Prices forg iated Press YORK, August 8. —Stock steadily ahead this week despite occasional bear selling and ing. The advance was based on the inproving trade prospects, par- ticularly such basic industries as Bteel aund copper and on increasing in. dications of rain on the credit situation ite the unusually larse total of brokers' loans on stock collat eral The strong investment demand for high railroad and industrial stock Lrouzht fresh buying power into other zroups wnd stimulated pool ac- tivities in & number of issues whose current earnings give promise of spe- cia] dividend developments before the end of the year. 0il Slow, slug A golf bag with a rubber-tired wheel at the hottom makes the game without a caddy very easy, says the inventor 101 of the wheel We Will Buy Stocks Banking Trust and Mortgage. Iotarnutioral Finuder Corp. nnruue Bond and Guar. Corp. N rternational Blds. . MAIN 8817 Insurance Brokers’ Offices for Rent On Second Floor Front. Approximately 1,000 Square Feet of Floor Space I will buy Washington Rapid Transit Co. stock at $18.47 per share. Address Box 341-J, Star Office. Motors Spotty. sh reflection of ®dditional crude and oline price cuts and another increase in crude production last week. Motors also pre- sented a spotty appe were in professional selling that the recent pri popular makes of sitlon of a heavy Great Britain w curtailment in half of the ye Steel shares responded to reports of Increasing operations and stiffening vrice tendencies, U. S. Steel common climbing to the highest level in about four months. Coppers also displayed &n improved tone in reflection of the higher prices for the red metal. With freight car loadings exceeding the million mark in two weeks m suc- ts in several and the impo- on July 1 by in a sharp in the rift earnings 103% 100 100 Seine, Dept of, 7. Serbs Crotes Slovenes 88 1963 Sweden 85 1939, Sw 1946... . : United Kingdom 5165 1929, United Kingdom 53%s 1937. INDUSTRIAL AND MISCELLANEOLU 94 Amer Agri Chemical T%s 1941 9515 Amer Smelt & Ref 1st 63 1947 Am. Smelt 1st s 1942..... Amer Sugar Refining 6s 1937 Amer Tel & Tel cl tr 4s 1929 Amer Tel & Tel cl tr 5s 1946 Anaconda Copper 651953. .. Anaconda Copper cv deb 7338 Armour & Co 4%81939. ... Atlantic Refining deb 5s 1937 291, 9645 991, 85 97% and the former to whatever the direc tors choose to declare from earnings. May Have Considered. It is within the probabilities that the subject of a merger and the prices at which the stock of the interested corporations may enter the combine has been a topic of conversation be- tween officials of both companies, but not at a meeting called for considera- tion by representatives of either—noth ing of even a semiofficlal character On the face of it a merger of two companfes with such large stock and bond interests, nearly $47,000,000 Clientele Not Limited. The bank’s clientele is not confined to members of the Italian race, for in this community resides a large forelgn colony, with other nationalities numer- ous cosmopolitan bank, ready and willing to do business with every one,"” is the way the president puts it. A week ago the bank celebrated its fourth anniversary. Bankers in this and other cities gathered with the In- ternational people to celebrate the measure of success that has attended the institution—marked in figures from $47,000 to $800,000 in deposits Get Our Latest Quotes SHARES North German Lloyd Spot Delivery Lane Rowell & Company 435 Star Bldg. Main 2867 SAUL BUILDING 925 15th St. N.W. Elevators—Modern—Reasonable Rent B. F. SAUL Co. cession and important operating econ- omies reflected in the June earnings Statements, the rails took on a new lease of life iemand centered at first in the Southern and Southwest- ern carriers, but soon spread to other high grade dividend-paying shares. Expectations of an early and favor- able decision on the “Nickel Plate” merger resulted in a spirited demand for the Van Sweringen issues in the closing days of the week Activity in Utilities. Favorable e: repor nd mer- ger Tumors led to a revival of activity in the public utilities with such issues at Monts Public Service of New J American Foreign Power, Columbia and several others mounting to new high levels for the ear. Scores of through their ing the week, ternational 1004 a0 934 105 8% 94% 106% 106 974 101% 100 108% 119 9954 101 82% £ 90 89%, 97% 99 871 99 12 1001 95% 106 0674 9314 9215 101% 95 88 107 102 935, 100% 85 104% 1044 91 3 44 1091 91% exclusive of any of the securities of the Potomac Electric Light and Power Co., a_very important integral part of the Washington Railw and Electric Co., would require many conferences to reach a basis mutually agreeable. Actlon in Common Stock. The action’in the common stock of the W. R. & E. Co. during the past week has been sensational in the ex- treme. After the declaration of the 20 per cent dividend from the released escrow money, presumably the price of the stock reacted to par again but its advance to 137 to 150 has since been made with a speed that seemed to Indicate that it was bound for much higher figures. Another case of “Believe it or nof but the said-to-be fac in the case are that this upstanding advance has been made without ald or assistance of buying by the North American Co., which also is said to have all the stock it wants, common and preferred. Preferred stock has been slowly ad- vancing but it seems natural in these money that a 5 per cent preferred stock should be supported on its merits at 85, especially with the | common at 137. The preferred stock shares with the common the voting power. In this last statement there is food for thought to the thoughtful at present prices New Financing. For vears the Potomac Electric Light and Power Co., has been going along with an authorized capital of $10,000,000, of which $6,000,000 has been issued. Of this capitalization all is common stock, but $250,000, which is preferred. This latter will be made common. All of this $6,000,000 is de- posited with a New York trust com- pany, trustee of the first mortgage 4 per cent honds of the Washington Railway and Electric Co., owner of the Potomac Electric Light and Power Co. This bond issue totals $11.643,000 Consolidated 4s and does not mature until 1951. They are callable at $110, but even in these days of cheap money 4 per cent is a rate that is relatively low, so that there is not the slightest chance of their being called. They are considered one of the sound- est investments on the lecal list, being a first mortgage on Washington rail- | way and Electric Co., and backed by Potomac Eleetric stock On the 26 instant a meeting of the stockholders of the Potomac Electric Co. has been called, for the purpose | of ‘voting on a proposition authoriz- {ing an issue of $30,000.000 new 4| stock, which will not be under the 4 per cent railway bonds, which will be held in the treasury of the com- pany and sold when necessary to pro- vide funds for extensions and enlarge- ments of plants etc. Of the new stoek 200,000 shares will be of preferred and 100,000 shares of common, each having a par value of $100 & Bliaxe. many other issues made advances Although the present stock is tied | rapging from 5 to 20 points. Most up, the directors will vote on the pro-iof the transactions were accompanied posed {ssues. by reference to mergers and in some To Avoid Fixed Charges. :‘::‘T;i )gmfl[z\l(('z‘l:,r‘\;nu‘:zem;ms u(‘ a,:w- s i 2 sorption of s whose stocks B e case Oy belleve X 1had been most active were made. Orarthis stock lssue is proposed in | Industrial issues moved within a e save fixed charges in. the | AFTow range, although some in this future—or words to that effect group showed strength. Motor e oo Eleetrie. Cor has out. | Stocks were among the weak excep- standing $15,600,000 of bonds bearing ‘L“f‘s- ol '\waik'\ heesg pressed on 5 to 7 per cent interest, with but $1, [r( )""" _Pfk‘ uring the greater part 700,000 first 58 coming due Dbefore | Of the week. 1936, so that no refunding operations are likely here. Every time a bond issue is placed on the market by a corporation, it adds just that much to the annual fixed charges. If it is a 4 per cent bond, it wil add $40 a year and with additional 1 per cent of interest an adaitional $10 a vear. Moregver, a bond is a debt secured against the assets of the corporation and interest must be paid: default might result in immediate foreclosure —in the bondholders taking posses- sion of the company, unless speedy settlement was made. A share of stock represents a part- nership interest in a corporation. The owner thereof is a minority partner and doesn't have to receive any dis- tribution’ unless profits are made and the directors vote its payment. There Is another and quite serious item that is avoided by the owner of shares of stock in local corporation is against the owner of bonds. This refers to the District intangible tax of one-half of 1 per cent. The security back of the bonds is really better than that back of the stock. There is another advantage in favor of shares in that stock dividends are not subject to the normal income tax while interest from bonds is assessible. Upsetting Theories. Reported facts which you are asked to “belleve or mot,” in your own judgment, are given with strong emphasis as to their truth, even if they do upset calculations and prev- iously advanced theories of the street railway situation in this city. Of| stea . 2 course, in view of the developments of the past vear, business men and others have been doing a large amount of guessing and predicting, but against all theorles the above is said to be a true and straightforward showing of facts at this time. “‘Belfeve it or not!” It seems next to impossible that a 50-point rise in a 5 per cent stock, just happened— especially at a time when every one is_on edge for official announcements which should come now! International Exchange Bank. |, 2" Probably no-one would tiink of lo-| = Other articles were unchunged. cating a_bank, with any hope of a = future, on the northeast corner of H and Fifth streets northwest, except the | A great many men owe- their suc- very man who did it, Joseph Scbia: cess to the fallure of others, [4 Bell Tel (Pa) ref 5s1948...... Bethlehem Steel p m 5 1936, Bethlehem Steel s f 65 1943. Chile Copper 631932.... . Cons Coal (Md) 1s ref 5 1950 Cuba Cane Sug cv deb 85 1930 Detroit Edison ref os 1940 Du Pont de Nem 7%s 183 Empire Fuel & Gas 7%8 193 General Elcctric deb s 1952 Goodrich (B F) 615 1947. Goodyear Tire 85 1931..... Goodyear Tire 8s 1341 Humble Oil & Ref 5151932 Indiana Steel 5s 1952. .. Inter Mer Marina 6s 1941.. Inter Paper b8 B 1947. Kelly-Springfleld 85 1931. Lackawanna Steel 55 1950. Liggett & Myers 5s 1951 Manat! Sugar s f 7%s 194 Midvale Steel 55 1936. ... New England Tel 651982. .. New York Edison 1st 61¢# 1241 NYGasELH& P 551944, New York Tel 1481939 New York Tel 6s 1941. North American Edison 65 1952.. Pacific Gas & Elec 55 1942. Pacific Tel & Tel b5 1952. . Philadelphia Co ref 6s 1944 Tublie Service 65 1944.... Sinclair Ofl 75 1937.... Skelly_6%s 1927 South Porto Rico Sugar 78 Cnion Bag & Paper 6s D. United Drug 6s 1944. ... U S Rubber Ist & ret ig 1947. . U S Rubber 7%8 1930, U'S Steel s £ 55 1963. Utah Power & Light 55 1944. Va-Carolina Chem s £ 78 1947, ... Va-Carolina Chem 7%s '37 war. . Western Unlon Tel 635 1936 Wilson & Co 15t 85 1941..... RAILROAD. Atchison gen 451938.. . ... Atlantic Coast Line Is s 1353 Balto & Ohlo gold 45 1943, Balto & Ohlo cv 4345 1933, Balto & Ohlo ref bs 1935 Balto & Ohlo 651929, . . B&OPittsLE& W Va 45 1941, ., B & O South®estern Div 5 efs 50. Brooklyn-Manhat s f 65 A 1368 Canadian Northern 635 1946 Canadlan Pacific deb 4 Central Pacific 4s 1949 Chesapeake & Ohlo cv 413 1830, Chesapeake & Ohlo gn 435 1992, Chesapeake & Ohio cv 58 1946. i Chicago & Alton 3143 1950, . Chi B & Quincy 1st ref 55 1971... Chi & Eastern Ill gen 5s 1351 Chi Great Western 4s 1959. Chi M & St Paul cv 43%5 1932 Chi M & St Paul gen 4%s 1989, Chi M & St Paul ref 43%s 2014. . ChiM & St Paul cv 65 2014 Chi & Northwestlern 635 1936, alone in four short years. Hundreds of customers, intimate friends, each one of them—men and women who take their worries to the bank’s president and talk them over— joined in the celebration: flowers beau- tiful and rare decorated the splendid 612 % o e o S menis || For Idle Money great days were spent in expressing | Satlsfaction at Mr. Schiavone’s suc. | Soon ‘mee Tt aiteln andrs cess and the degree of prosperity at- e o e A tained. He, himself holds that it is unnln immediately by invest- “hard to keep a good man down.” and ing in _one of our carcfully that; First' “Life's battles don’t always go To the stronger or faster man But sooner or later, the man who wins 1s the one who thinks he can CURB TRADING SHOWN L IN SMALLER VOLUME | QUICK LOANS HOME OWNERS | $150 to $5,000 on Ist, 2nd and 3rd Trusts In_Three Days Main 2100 925 15th St. N.W. The New York Life Insurance Company age Notes. Offers 16 Make Chas. D. Sager Main 36 924 14th St. First Mortgage Loans on Improved Real Estate specialties also broke previous 1925 tops dur- the MNst including In- Combustion Engineering, Simmons Co., Midland Steel Products pfd, Certainteed Pr house Airbrake, Geners & nal, White Rock certificates, Frank G. Shattuck and ional Dairly Prod- ucts. In the District of Columbia and Suburbs i for 3, 5 or 10 Year Peri Lacks Movement of Ontstandmg or 3, 5-or ear Periods Importance, New York Reports. Industrials Stronger. Houses Business Properties Apartments Office Buildings 57%2% APPROVED SECURITY BALTIMORE PRODUCE. BALTIMORE, Md., August § (Spe- clal).—With current receipts of near- by eggs showing more or less loss, buyers hesitate to take hold of offer. ings as is, and as a consequence there is very little trading on the exchange at this season of the year. While all eggs that grade firsts meet with ready sale at full quotations, most of the ar- rivals are of do ful quality and all such are slow sale even at sharp dis- counts. Receipts have been moderate but ample for trade wants'and the market has shown very little change, closing steady today at 32 and 38 s a dozen for native and nearby in free c The demand for live poultry is eas- fly satisfied and the market rules quiet on most lines with only choice, large fat stock attracting any atten: tion at top values. Too many small, undersized chickens have been receiv- ed during the past week and this class of fowl is not only slow sale, even at discounts, but also tends to lower the value of the better classand should not be shipped. Fat Spring chickens, apiece, meet with read: 84 cents a pound, while one-half to 2 pounders sell mostly at 26 to 30, but smaller fowl are neglected at 24 and 25; medium to I Leghorns and Chicago Rallways 58 1925 Minorcas bri 28 as to qual- e 31 ChiR I& Pacific ref 4s 1934 ity and conditi: chick 3 Chi Unloa Station ens will not br nd 2 6% Chi Union Station 6%s 1963 Market for old hens easy under ample Chi & Western Ind con 4s 195 receipts and only fair demand cen- CCC&StLref 6sA 1929, tered on large fat fow! at 24 to Cleveland Term 5%s 1972 while small and poor Leghorns will Colorado & Southern 4%s 1935 not_bring over 2 Cuba R R bs 1962 The demand is only fabr for Spring Delaware & Hudson 5%s 1937 ducks rable size, at 23 to 25, Den & Rio Grande con 4s 1936. and for poor birds there is D. & R. G. West 5s 1955, hardly utlet even at 15 to 20, Detroit United 415 1932 which also is th prevailing price for Erle 1st con 45 1996 old ducks. Pigeons are in light re- Erie gen lien 45 1996, ceipt, the demand is slow, and the Erle cv 4s A 1953, market rules sy at 25 and 30 cents Erle cv 4s D 1953. . & pair for both young and old. Grand Trunk s £ deb 6s 1936, : cantaloupes are Grand Trunk 781940 bringing \lues of 50 to 1.25 per Great Northern gen 544 s 1952, crate, while native stock is selling 35 Great Northern gen 73 1936 10 60 per 14-quart basket riy June Hudson & Manhattan ref 5s apples are in ample supply and only Hudson & Manhattan adj 5s 1957 fair movemer 1.00 to 3.40 a bar- Tllinois Central 5%s 1934.. ., rel and hel, but it Inter Rapid Transit s 1966 takes large to bring Inter Rapid Transit cv 7s 1932. these pr . trashy com- Inter & Great Nor adj 6 1962 re unsalable at any pri YORK August 8. ~The market on the Curb Exchange today | lacked any movement of outstanding i as compared with price of recent sessions, al- though a fairly strong undertone pre- vafled in the general list. Trading 1s in reduced volume, and several| of the late speculative favorites were nezlected in the opening operations. Penn Power was a strong issu moving up 112 points, while Ameri- can Light and Unted Light were offered at concessions from the high figures reached on Friday's upturn, but the last-named issue quickly| rallied 4% points from the low mark. The _industrial group developed | = strength as the s ion progressed. | Baking and Rado shares were higher. Coty Incorporated made an early gain of 23 points. selling to 481, Oil shares were virtually unchanged | from the previous closing quotations, with trading quiet within narrow ! limits. All through the week the trading the public utilities was of a remar! able character and the strength shown in that group could only be compre- hended by t with low prices prevailing in the vear, before vigorous and sensational movements : United Light & Power ‘h made a new high record ance of 15 points to 136, rom a low of 4413 Many other utility stocks traveled over even a wider American Light & Traction had an advance of 17 points during the week to 203, and Southern Power and FIRST MORTGAGES FOR SALE Denot ations of $250, $500 $750, $1,000 and Upwards 6% Loans Made on Property Located in the District of Columbia JAMESF. SHEA | 643 Louisiana Ave. N.W. 0! Apply RANDALL H. HAGNER & COMPANY MORTGAGE LoaAN GORRESPONDENT £8Y% Al £9 £61% 84% £5% 102% 83 95% P oAi521 Conmecticut Hee nue. TelponeNzin 5700 95 89% é CRLERRREYERN RSN R R R R R IR TO INVESTORS In order to keep pace with the local business activities are required to give some time and stud real e market. We are interested not only tion as it sents itseli today, b in re possibilities. The ques- tion often asked is “Will my property and mortgage notes in- crease or decrease in valuc? alue of the property may N. L Slmbury Co., Inc. fluctuate, but it is safe to Mortgage notes 1418 Eye St. N.W. will remain constant Main 5904 It s interesting to note wide margin of safety joyed by ivestors in our First Mortgages, when we consider 3000“0000000000 e iy e ek, mhan e <o Money to Loan must be entirely exhausted before any part of their security could be touched. Otherwise ~our First Mortgages are Secured by first of trust on real estate. Prevailing interest and commission. based on 50% appraisal. Wash. L. & Trust Joseph I Weller g2nWau. 1 & T 116 ? Real Estate Financing Money to Loan 1st and ZI':Id Trusts An, Construction Loans Prompt Action over 2 pounds sale at 32 and pre- Call Loan Dept.. Main 5901 say 00000000000 044¢ 0000000000000 stated 60 90t 70 6243 63% 7074 107 . 115% 101 We have some very desirable F Mortgage Notes now available that mature i three years and b interest at the rate of 7% per annum, payable semi-annually, which we would be pleased to submit t® you. These notes are secured on brick dwellings located in the northwest section, and due to their desirability, it is not likely that they will remain long on the market. so suggest that you call or write us today. We are at your service. CAFRITZ COMPANY WE FINANCE —all classes of income-producing property Large Loans a Specialty Current int. rate and commission. Higbie & Richardson, Inc. 816 15th St. N.W. 15"4 . BALTIMORE LIVE STOCK. BALTIMORE, Md., August 8 (Spe- cial))—The live cattle market rules steady to firm on most lines with receipts running moderate to light. Recelpts on the wharves are mostly of common to ordinary cattle, and ail uch move slowly even at the lower values quoted. Desirable sized lambs are in good demand and meet with ready sale at full quotations, but small, poor lambs are slow to move out. More activity shown for handy weight veal calves, but small under- sized calves are not wanted at any price. Quotations today at Light street wharf: Beef cattle—First quality . per pound, 9 to 10, medium, 5 to 8; mm]“" bulls, as to quality, $ to 5. 1 Cows—Choice to fancy, per pound, | ||l 4 to 6: common to fair, 2 to 3; Oxen, | [ji* as to quality, per pound, 4 to 6. Milk cows—Choice to fancy, per head, 50.00a76.00; common to fair, 30.00 to Funds Where 50.00. Calves—Veal, choice, per pound, 11 to 11%; ordinary to medium, 9 u."w;"ruugh nsnd common, 6 to 8 You Know small culls, 6 to 8. 5111 They Are Safe Sheep—Choice, per pound, 4 to old bucks, 3 to 4; common, 2 to Lambs—Spring, choice, per pound, 13 to 14; fair to good, 11 to 12; com- mon to thin, 8 to 10. Hogs, straight ver pound, 13 to 14: sows, 10 to 12 stags and boars, 5 to 7; live pigs, 14 oniariles Kan C F't Scott & M 451936 RFATEGE for pedc Kansas City Southern 3s 1960 first Kansas City Southern 5s 1950, rbage Lake Shore 4s 1925. to 75 cents 1ckberries | Lake Shore 45 1931. and_huckleberrics selling fairly good | at 12 to 16 a quart for the former and 15 to 22 for the latter. Plums are selling around 40 to 65 a basket and damsons 75 to 1.00 Market for rules steady Securely ‘Secured Real Estate Notes —on D. C. and Maryland property for sale. $100 upward. Loan Department Gardiner & Dent, Inc. 1409 L. St. N.W. Wnln 4384 r top val- bushel and 40 Mil Elcc Ry & Lt 1t ref 65 '51 MStP&SSM6%s1931 Mo Kan & Tex 1st 45 1990, Mo Kan & Tex adj 5s 1967 Mo Kan & Tex prinbs A 1 4 Missouri Pacific gen 4s 1976, Missouri Pacific 6s 1949, , N O Tex & Mex inc 5s 1935 w York Cent deb 45 1934. ... . New York Cent ref imp 58 2013 New York Central deb 6s 1935, New Haven deb 4s 1957. .., NYNHG&H cvdeb 65 1948 Y West & Boston 4% 1948 Norfolk & Western con 4s 1995 4+ Norfolk & Western cv 6s 1329, Vorthedn Pacific 35 1947 Northern Pacific 4s 1957 Northern Pacific ref Imp 6s Ore Short Line ref 45 1929. . . Ore Short Line gtd 5s 1946. Ore-Wash 1st ref 4s 1961, Pennsylvania gen 4%s 1965. Pennsylvania gen bs 1968 Pennsylvania 6%s 1936, Peoriu & Bastern inc 4s 1990. . Pere Marquette 1st 5s 1950 Reading gen 4s 1997, .., Rio Grande Western clt 48 1949. . RIArk &L 4148 1934. . StLIM&SR &G 451933 new, white potatoes under a brisk demand 1ded round stock at 4.00 0 for nd 2.00, to 2.10 as bushel stock nd while to_quality Native irby garden continues in_ample supply and with demand easily satisfied values rule in buyers’ favor at the following quo- tations: Stringless green beans, 50 to 1.00 a bushel: lima beans. 2.00 and 2.50 & bushel: beets, 1.00 to 3.00 per hun. dred: cabbage, 3.00 to 6.00 per hun. dred; corn, 25 cents per cucumbe 1 sg° to basket; eggplante, ket; onions, 2.00 and tomatoes, 3 50 per ha 25 to 50 for greens. bring 7 »ndition. truc ..:Ill!{![lll} il Invest Your Ui When you invest in one of OUR FIRST MORTGAGES . We have guaranteed 6!;% first mortgage real estate notes for sale in denomina- tions of $100, $250, $500 and $1,000. With these notes you get our unconditional guarantee as to the payment of inter- est and principal when due. Resources aver $2,250,000 Real Estate Mortgage & Guaranty Corporation 26 Jackson Place B. F. SAUL CO. = BRELNY Main 2100 925 15th St. N.W. m— : R s syt You never need give a mo- NEW YORK August 8§ goods were quiet to in anticipa- | tion of the Government cotton crap | yeport. Sales for the week were of | fair volume and rather broader, in- cluding broadcloths, pongees, prints cloths. pajama checks, denims Yarns ruled quiet with prices steadier. | Raw silk was firmer and raw silk throwsters reported working day and night. Fall trade continued good in many silk lines. More business was being placed on garmepts and dress fabrics for the Fall and con- siderable specialty business has. been #one in men's wear for Spring. Bur laps were steady. Linens showed im.- provement in the household goods di- vision. ! ment’s thought to the safety of Quarter NEW YORK GRAIN PRICES, vour funds or the certainty of YORK, August 8 (A).—Rye western, 1.18% f.o.b. "No. 1 dark , c.i.f. New York, lake and rail. 1.90%: No 2 hard Winter. f.o.b. lake and rail, 1.85%; No. 2 mixed durum, do., 1.69%; No. 1 Mani- toba, do., in bond, 1.89%. . Corn—Spot easy: No. 2 yellow, c.i.f. track New York, all rail, 1.26%; No. 2 mixed, do., 1.25%. Oats—Spot quiet: No. 2 white, G414, Teed—Firm; city -bran, . 100-pound sacks, 34.00, Lard—Firm; middle StL & 8an Fran pr In 5s 1950 StL & San Fran 5%s B 1942 St L & San Fran adj 6s 1956 St L & San Fran inc 6s 1960, < Seaboard Air Line ref 4s 1959 Seaboard Alr Line adj bs 1949. Seabourd Alr Line con 6s 1945. Southern Paeific cv 4s 1929 Southern Pactfi¢ col 4s 1949 Southern Pacific ref 4s 1955 Southern Ry gen 4s Southern Ry 1st 5s 1994. . i Southern Ry dev 635 1356. Third Ave adj 65 1960, Unlon Pacificst 4s 194 Unfon Paclfic cv {s 192 Virginian Ry 1s 1001 Wabash 18t 88 195 Wi Wabash Gty 3 63t Western Maryland 45 1952, o4 90% Western Pacific 53 1946, . 9346 92% .86% 81% West Shore 1at 48 3361 caresianas, 824 u 8 of a 984 9l 933 704 80% 98 6% 844 8Th % 102 1094 40 9% B 97% 101 95 Century 014 % interest. Without northern § a Loss west, 15.00a Many . houses are to be ment of Chile. —_— lssu Other Financial News on Page 36. |- #% ren's built by the govern-