Evening Star Newspaper, August 11, 1925, Page 21

FINANCTAD: G INGTON, 'HE EVENI STAR, WASH PEACHES IN MARKET OF FINE QUALITY Moderate Suppilies of Water- Received by Frivate Wire | . BY WILLIAM F. HEFFERNAN. Special Dispateh to The Star. NEW YORK, August 11.—The | movement of prices in today’s curb | | market consisted of a strong upward | movement in electric refrigeration | shares, further improvement in radio | heavy buying of stocks, Direct to The Star Office Professional Wall Street attributed the check to the buying in public utilt ties to word of warning issued by a prominent western utility operator. Middle West Utilities was offered down sharply for a loss of more than § points when it changed hands at 105% and Southeastern Power and Power FOR20-YEAR PERIOD One Railway, With $15,000,- motion pic- | s B melons—~Cantaloupes | ture issues, pronounced weakness in | Corporation of New York were con-| (000 Capital, Awaiting Offer oils and a check to the upward move- | spicuous. i : {ment in h priced public utilities, | The market for Serv-el Corporation j . . in Demand. | It was not surprising that the oll | was more active than at any other | of Consolidation. ke | shares should have been subjected to | time. After establishing a new high | | further offe in view of Monday’s | record, however, profit taking set in, | Liberal supplies of peaches are be- | price cut a ncements in gasoline | offsetting the improvement. The de BY J. C. ROYLE. .ins received in the local market, fand the rather unexpected cut of 25 |mand for this stock followed Monday's| = o 5 mostly from North Carolina, and |cents a barrel in Pennsylvania crude |announcement that Vice President | Special Bispatch to The Star. dealers say they are about as plen- | oil, announced today. Humble Oil was |Scott of the Columbia Gas and Elec-| NEW YORK, August 11.—There is iful as they will be at any time this | undei pxu.«urv] uovpxu‘n.' down a mxlr :rh‘ oplre‘\f‘!mmb,) |v:r;:\i:.|:‘|xrr"l \(l'lrtlll):eyone railroad in the United States easo point or so, and such issues as Stand- | interests, had purchased c it 7 5 s Dealers say they never saw better of Indiana, Magnolia Petroleum | compan: Nizer Corporation issues | Which apparently is basing its hopes rofches than those b receiv andard of Kansas suffered with 1150 ong, the class A running | of future prosperity on being run over this week, many of them being ex large. Llbertas from wolina and Virginia were rom 150 to 3.00. only a lght demand for moderate supplies of watermelons, while supplies of cantaloupes con tinue liberal. Plenty, North Carolina cantaloupes are still being received and re coming from the ore of Maryland and Vir al growers are supplying 1l quantities of th uit Apples are being received in mod erate quantities. Bushel baskets of he Maryland and Virginla fruit were roted at 1.50 to 2.25. Prices of most other commodities were substanti he same as quoted yesterday. Today’s Wholesale Butter—Fancy, tub, 49; 2 zEv—Fancy, selected + average receipts, 34 Poultty — Alive chickens large, 3%a34; small, avy fowls kevs, 25; geese, 12al5. Dressed Spring chickens, lar small, 33; turkeys 30 du Live 122101%; lambs Spring, 1 Meat- veal, 15; Spring 11 loins, 35a 2; hams, Report on Fruits and Vegetables. Cantaloupes — Supplies moderate demand light, market steady; North (‘arolina, Ridgeway section, Salmon Tints, standarda, nd 4ss, 1.25a 2.00, mostly around | 18t Shore, Salmon 369, 1.50a1.76; Jumobs, Arizona, standard cra Casabas, practically no demand; no sales re ported. Lettuce—Supplies moderate; de mand_light, market slightly weake New York, 2-dozen crates, Big Boston type, 1 mostly 1 , few higher. Onlons—Supplies liberal; demand « light, market stead: Massachusetts, 100-pound sacks, Yellows, United States, No. 1, best, 4.50a4.75; some fair condition, 4.00a4.50. Peaches—sSupplies moderate; de mand moderate, market steady; North Carolina, bushel baskets and 6s, El hertas, large size, 2.50a2.75; few best, hushels, high as 3.25; eome fair qual- ity and condition, 2.00a2.50; 6s, Belles, medium size, fair condition, 1.50a2.00; few 2. Virginia, 6s, Belles and bushel baskets Belles, large size, 2.50 2.75; Elbertas, 2.50a3.00, mostly 75; Maryland, bushel baskets, Cham- plons, medium size, fair quality, 1.50a 1.75; 68, medium to large size, 1. 2.00. i Potatoes in Moderate Demand. Potatoes—Supplies liberal; moderate, market slightly New Jersev, 150-pound sacks >bblers, United States No. 1, demand weakes Irish Watermelons—Supplies moderate; de- mand light, market steady: sales di rect to retailers, North and South .Carolina, Thurmond Grays, 26 to 28 pound average, 50; 22-pound average, 30a35. Apples—Supplies moderate; demand moderate, market steady; and Virginia, bushel baskets, various varfeties, medium to large size, 1.50a 1.75; few Rambos, $2.00. Lima beans—Supplies moderate; de- mand moderate, market steady; Mary- land, bushel hampers, 2.50. Tomatoes—Homegrown receipts eral; demand moderate, Iy weaker; homegrown, }-bushel ham pers, #6a75; mostly 50a60. Corn—Supplies Ifberal; demand light market dull and slightly weake homegrown, 5 dozen bags, best, most per dozen. Cucumbers—Supplies lib- ket sligh liberal pme mand slow, market weak 2-bushel quality. hampers, COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY FRESNO, Rureau o has establ with about 1 spect Cal ssue ce pucking and on is not o ection to bot nomics here MERCHANTSVILLE, N. J., A 11.—Peach and »wers in this State are ma rous p against any n frei on fruit. DETROIT. ust The inter est of the public in our nes uick line exceeds anythin our ex perience,” Pr that company said toda Salesraom counts showed that 1,015,000 peof examined the new els the first day they were on exhibition NEW ORI August 11.—The | Southern @ has leased a ! site for 3 actory to make all and Winte hing. The Lib erty Manufs ring Co. will erect a mmer clothing plant, with 45,000 feet of floor space ST. PAUL, August 11.—Sales of ofl heaters for furn: S are unusually zood here. anthraci strike. This has been caused by ow e supplies and talk of Maryland | Federal | | | 164406 & E 65 i | own, | at 149 according | SHREVEPORT, August 11.—Th reduction of stocks in ofl storag * hrought about by the opening of the 1,000-barrel-a pipe line from the | Smackover to t Mississippi has caused an inerease in production YORK, August n official list of an. | stocks traded in on the New York | Curb Market today | Sales ir BONDS thousanc 6 Allied Pack Ss 3 Am 5 Am e 1Am Pow' XL Am Roll Mills 6e \d € Gs T Anaconda Os. Beil Tel Can & Beth S T Libby MeX 1 Lis Win 3 Manitol 1 Morris 3N O Pu Co. 6158 101 P- 102 & Pure Oi Sloss-She 5 Stand G 1 36 101 '30 10014 31 100 33 Rub Rub Rub 6138 a8 Rib 628 45 Bis, Cacuum Ol 7a.. 105% alvorine Ol 7a. 104 FOREIGN BONDS SCity Berlin 6ls. 881g 11 City Graz 8s 0B 21 Est R R_Fran 78 833 35 King Den 518 wi 7 King Neth 54 1081 B Chi B D Govt 7 Thvesen 1 & S 78 oho EI P Lt 7s 90 STANDARD OIL ISSUES units 100 Anglo_Am Oil 50 Buckeye P L 9200 Continent 01 100 Trescent P, 034 10 Gumberiand B L13g 100 Eureka P L 100 Gal Sig_ Oil 10Gal S © ptd old 1 10 Gal S O ptd new 1 6900 Humbls O & R 201 P L. 2100 Imp 0" Can ‘riew 10 Ind’ P, 2890 hil Pet € Ld] 80 Magnolia Pet 100 Nat_ Transit 30 Northern P L. 900 Ohio 011 300 Prairie 0 £ G 0 Washington Stock Exchange | SALE Potomac Electric 1st 55— Washington Rwy. & Ele 703 000 at 1005 4s—31,000 at Georgetown Gas Real Estate Title Insurance Co.—10 at 155, 10 at hington Rwy. & Electric com.—20 at 0 at 1493 | tal Traction Co.—20 at 100% rican Sccurity Trust Co-—10 at | ishington Rywy 30 at 1303 Mones—Call loans Bid and Asked Prices. BONDS. PUBLIC UTILITY & Electric com—50 at | 5 and 6 per cent Bid. Asked 108 65 70 99% 100% | 1035 91 THY 0243 103 < L'd BK.'5s. lotel U8 i STOCKS. | PUBLIC UTILITY | & Teiga M on. 907 100y 521, 624 | 270 H 150 1 85 1 20379 The increase for the \‘,.A. as and | Fod i93" " | Touislana s last week amounted | [ihcoin e | to 14,513 a day | National Metrob asi | CLEVELAND, August 11.—The in “:,\‘"“‘ i of Washikgton.. . | ,yo;,;::;l ore 1 m:u:;w’v‘m l, r'r[knvrd v‘ a TRUST COMPANY | tions in hern Ohio. The heavy | American Security & Trust e % avy | {gntiental Trust.. . .. demand 1 tomobile | e | Mted in record activ s & Trust land Steel ust éis’ " | CHICAGO st 11.—Demand is SAVINGS. BANE ve for coal, ‘with some of g onine % operators sold out. P are| L Com 4007 | trong, with lump coal selling from : et £2.25 to $2.50 ! | BOSTON, August 11.—Announce. ent of the declaration of an extra dividend of 30 cents a share by the Soule Mills of New Bedford. together with_the declaration of a dividend by e Cabot Manufacturing Co.. the first he paid since dividends were omitf ted in 1924, are regarded as external dications of improvement in the textile indastry here. A British member of Parliamen ilt without assistance recently a tone wall 450 feet long und 7 feet ¢ high in 10 days. [> “Chion.. " i5 i TITLE INSURANCE | columbia Title. . .....oo.ooe - 8% ... | Real Estate Title.." . 154% 1564 MISCELLANEOUS. 58 is. & Storage.. 1. pid ¢ eom starket pid \ Monotspe e Sto Wathinkton Marke Yeilow Cab up over 5 points and the B [ by a consolidation. The Pittsburgh, Shawmut and Northern road is cele- brating this month the twentieth anni 10 Sou W Peon PL 65 63 050 versary of its apparently perpetual re o ceivership. Receivers may come and 05 0 N ¥ receivers may go, but the receivership 205 0 Ohio | seemingly is” impregnably intrenched The capital stock of the company amounts to $15,000,000. The road. with its leased lines and traffic rights, 100 Swan & Finch uum Oil NDE NT OIL STOCKS. { ho Co i 0.53 miles long and was made up 3 Arzo Ol {of & number of” small “farmers' " eaanOl. roads, which began nowhere and end Canib Synd Jed anywhere, but when connected S formed a line from Wayland Junc Jambian Synd tion, N. Y. to Brockwayville, Pa s R\uw altics where connection is made with the oole Synd . Pittsburgh and Shawmut road The latter gives outlet Eust and West via lits connections Defaults Interest in 1905. In 1905 ,the Plttsburgh, Shawmut |and_ Northern defaulted the interest on its bond issues, one of which ma , | tures in 1949, and only a few bonds of { which are outstanding. The other, amounting to $14,491,000 in refunding 1 of Pet Lago Pet Livingston Pet Lion Ol Mount G New Bradford 0. W Mex Land Peer 01l Corn. SR first zold 4s, matures February 1, 1952. Red Bank ON When interest defaulted th Central Union Trust Company « New York applied for a receivership, and Frank Sullivan Smith was ap- pointed receiver. He held office until hix {death in November, 1920, and Henry 5 [y 9 Venezuelan ~ Pet 5 Wil Oil & Gas nw One of the curious features of the recelvership is that during all these years that the railroad has been in the hands of the courts, no serious attempt has been made to form a rpOW Superpow B Sup pr pfd At & C B Ve plan of reorganization, and no move Armour & o pt for the discharge of the receivership Auso has been promulgated. As the interest on the debt of the company came due, receivers' cer- 18 poisscnnauit G tificates refunding the obligations ] Bord“& e were issued with the consent of the 2 Bord & € courts. These certificates have car- [ Bridseport Mach ried interest at the rate of 6 per cent and each refunding operation with its addition of interest and fixed charges has buried deeper the bonds of the 41, |original funded debt 9 BRlyn City R R 3 Brow & Wmson B 1 Buff Gen El ( 11Can D Gin Ale'n i Car Light ty, Garolina P& L Last Certificates in 1924, 4 Centrif Pip Cor The last issue Of the receivers’ cer- g T | tificates was issued in June, 1924, and 1o N B T mature in 1927. This issue takes up 1 Cleve Auto . |all the issues of receivers’ certificates Commw P € 15 | hitherto outstanding. A bond hold- HELD BY RECEIVER |"“*ivs rmce o whesr | TRADE BUYING HALTS | D. C., TUESDAY, Drop of Approximately 8 Cents a Bushel in Chicago is Fol- lowed by Reaction. By the Associated Pres CHICAGO, August 11.—Wheat un- | derwent a drop of nearly 8 cents a | busirel here today, as a result of Gov- | {ernment reports showing a much | | larger probable 1925 vield of wheat in jthe United States and Canada than { has recently heen expected. May fell {to 1.60% as against 1.66% to 1.66% | | yesterda | Exceptionally heavy selling -devel- | oped as soon as trading began. Ac- tive buying quickly set in also, how- | ever, and the market rebounded about | 3 cents a bushel. Subsequent price | changes were rapid. | Prices plunged wildly do“nvmrd} with traders giving attention almost entirely to the United States and Ca- | nadian government crop reports. Both of these reports were a source | of astonishment to the trade, the | United States report in particular | showing about 20,000,000 bushels more | wheat likely to be harvested in this country than has recently been looked | {for. After the first rush of selling | {had somewhat subsided. though. ! | buying broadened out. and a sub- stanial recovery was witnessed. Chi- cago opened price, to T3 centsi jlower, September, 1.60% to 1.62, ar | December, 1.583 16015, were fol- {lowed by a reac to 1.62% for Sep- | tember, and for December. | Corn and oats weakened owing to sympathy with the severe break in wheat prices. The Gevernment re- ports as to corn, however, was con- strued as bullish. and corn prices soon scored a material upturn. After | opening at % to 3 cents decline, Sep- tember, 1.047 to 1.0, corn rose all around, September touching 1.06%. Oats started at % to % cents set- back, September, 41% to 413z cents {and showed but little power to rally. ' {0 line with hog Values, the Dro- |71 and forecast 22,800 bushels; North | | vition skt wan ey | Dakota, 7 and 27.163: South Dakota, |72 and 27163; Montana, 62 and 35,281 R TDOSIREALS Hastings was appointed in his stead, ; ks Hastings lived only until 1923, when | { O A Trond N a5 10) John D. Dickson succeeded to the| DECLlNE IN COTTON< Gas & Elec 8% office. | | | { | 1 Bearish Sentiment Still Much in! Evidence at Opening'and Mar- | ket Tone Unsettled. By the Associated Press. NEW YORK. August 11.—A funther decline in the cotton market early to- day was checked by trade buying and | covering, but bearish sentiment was | | still much in evidence and the tone was unsettled | The market opened steady at a de- cline of 4 points on May, but generally |2 to 6 points higher on covering pro moted by builish reports from the EBritish goods market and reports that temperatures were again rising in | | the Southwest. The early demand was quickly supplied by Southern and lo selling, which the market off to 107 Gommy B & T ers' committee was formed many|23.50 for December, net declines of %} Consol.G, Balt w 48, * | years ago for the protection of hold-#l about 2 to § points. Both trade in 35 Contin_ Bak B 3R i |ers of the first mortgage s and the | terests and shorts were good buyers S Contl Bak pfd .. 1021 | refunding 4 per cent bonds. Most of |on this basis, and prices held around f — s the bonds of the holders represented | yesterday's closing figures at the end | v f cts 413 by the commitiee were depnsited un- | Of the first hour BeCorks der direction of the committee. The| The late forenoon market was stead- | Dubilicr C & R committee, however, represents only [ er. Buying was not active or general, | Motor 11 11% la minority of the bondholders, since | but covering after a decline of over 2| Lite, 89 the maority are pledged to the Pitts- | cents a pound from recent high levels | Railroad as col- ‘burgh and Shawmut llateral There is small doubt that the road has potentialities. If this were not s the holders surely would have taken action ere this instead of being con tent to draw their interest on the ob ligations of the road. It owns the capi- was promoted b ts of rising tem- repor peratures in Texas and o 25 were | comparatively light. December sold | {up to 23.73 and ruled areund 23.67 at | | midday, when active months { | showed net advane > 12 point | New York cotton futures closed steads at |4 fet advance of 18 to 20 points i S tal stock of the Clarion River Rail-|gogner i ank HII Mig ( { way Co.. the Kersey Mining Co., the | JD. mber 1 B 5 Shawmut Mining Co., the \h..v«mnl e | Eonpman Cheey | Commercial Co. and the Kersey Rail- | irch | {way Co. The carrier intersects the| (uening. October Decenmber SRR {line of the Erie road and taps exten- | January. 23.18; March. 23 38: May ia B jsive fields of bituminous coal i Now Oilisns Peltes Towes. A4 CK 431 | Consolidation as Spur. | NEW ORLEANS. August 11 (P).— 5 | _ The various plans of railroad con-|7The cotton market opened slightly L Pow & R solidation have opened new vistas for | lower in sympathy with Liverpool dsenr Tire T {many carrfers. In Pennsylvanfa the| First trades showed losses of 4 to 4 Gould Couple A i projected building of the New York,!points and prices eased off further xS i Bak & | Pittsburgh and Chicago Railroad, | right after the call on renewed selling R | backed by the estate of H. Harri-| Oct easing off to 22.68, December » Happiness C St F man, has given warning of vigorous i, 90 and January to 22.91. Buyinz 3 Raacltine Corp. | competition among the Penusylvania!coen developed and prices lied 6 Tt o jroads. It is possible that the Pitts-| (o § points on the lows. Professional | dintl Match € pr 3010 { burgh. Shawmut and Northern may | sentiment contintied bearish e , | one day wake from its Rip Van Win-| The market rallied in the second f kle sleep and find itsell with its re- | hour of trading largely on shorts | ceivership discharged a prosperous|covering to take profits and on news link in some great transportation sys- | of better demands for spots in South- tem BOOST IN INDUSTRY. Outlook for Last Half 1925 Shows Decided Improvement. BALTIMORE, August 11 (Special) { ern markets as well as more inquiry | for expor October traded up to 91, December to 23,14 and January | i . or 23 to 24 points up from the early lows and 9 to 10 points above | el Toward mid-ses market was quieter and sed off 1o about the leveis evious close. i | NEW ORLEANS. August 11 —Cotton fu. [ o %8 in the Baltimore district closed icads” at " net advance of 13 aken on new life, and the out- | b or the second half of the year |ocoer ! |is decidedly better than it was in the | December ~ | first six months, say those Who follow | {anuary | the trend of busines: | May Xat Pub Ser | ‘The Summer lull in the steel trade, | Opening: October. i Nat Fub Se ‘!}‘{“‘ | \which gave rise to pessimistic talk, Januar 23,00 3| Bl new Wi, B0% . | has passed, and plants are again op- | . 5 3 i T erl w0 erating nearly to capacity. Some are | Liverpool Market Steady | Vizer Cotp 260 8 s {on full schedule. Prices are firmer| ;1 1 pBOOL August 11—Cotton, 53 North 0 Pow ¢ 13 | I|than they have been. for several| ot ' 7ii" Gemand: - prices steady: 3 Sor sta B e e 155 | weeks. American _ strictly good middling, 67 Norwalk T & R | Crops are turning out better than!j3g): good middiing, 13.50; strictly s 3oy 3 | expected, and, with high prices pre- | miggiing, 13.25; middling, 13.00; strict- | 2 Outlet Co pid wi 100 * | vailing for products of the farm, the ||y low middling, 12.30; low middling, . 16 Pathe Inc A 831 | indications are that the agricultural!i235; strictly good ordinary, 11.95 e o industry will realize an unusually|good ordinar 11.35. les, 4,000 63 Pow Co X Y Rts 478 { prosperous yvear. Prosperity on the| bales, including 3,500 American. Re- | ‘s Pitts Lake Erie 148 farm means good times for general|ceipts, 11,000 bales, including 2,800 ; el business. { American. Futures closed quiet and i One of the most encouraging de~|steady. Ausust, 12.65: September, R e is | velopments is the slow revival in the | 12.53; October, 12.45; December, 12.39; u'u.'-‘ Motor 2” “ | coal industry. Threat of a strike in | January 12.40: Max ;. May. $ Spvafacion {the anthracite flelds has stimulated |12.52; July, 12.48. 15% | Yuying of bituminous coal. Output s [of this grade of fuel is steadily in- creasing, and the product is belng marketed as fast as taken out of the ground. Freer movement of coal is reflected in the car loadings of the Baltimore and Ohio, the Western Maryland and the Pennsylvania. S A CHICAGO LIVE STOCK MARKET By the Associated Press. CHICAGO, August 11 (United States Department of Agriculture)—Hogs— Receipts, 15,000 head: uneven, mostly 5 to 10 lower than Monday’s average; light lights, 10 to 15 off; slaughter pigs stendy- to weak: all interests buying 1 Singer M1y 95 Serv El 1 Sleen Rad L Soua G e E Sou Cal E4 A ou_Cit Ctil t Regis Paper 2 Stand Pub C A. Car Co R C vic ob Prod Exp.ts. A S vie B 160 averages, 14.00a14.20; top, 14.25; bulk better, 240 to pound butchers, 13.65a13.85; majority 115 to 150 pound kind 114.00; packing sows, largely 11.90212.40; heavyweight hogs, » Globe C |13.35013.90; medium, 13.46a14.20; light, ! mittees representing the two classes Canario Copper 5a14.25: light lights, 12.25a14.20}| o¢ bonds, the bank debt, the trade st Miny bl | packing " sows. 11.65a12.70; slaughter | debt and the pre(erred and common ML T 01 * g0 | pigs, 18.00a14.00. i stocks. oesus.. .00 09 ' | Cattle—Receipts, 9,000 head;choice | The proposed capxtsllzauon of the 10 Floet Golala b 00 vy | fed steers, fairly active, firm: 16.00 | new company will consist of $14,487,. O a1 35, | paid for heavies; several loads, 15.50a | 060, 7 per cent cymulative dividend Hawthorne M L. 15 13 " 115.75; demand for finished steers | prior preference stock, $21,447,994, 6| JHeda A § ot 18 18% | showing abatement; others slow, gen- | per cent cumulative dividend partici- | T Ko Labts .o 1k 1 7t | erally steady; bulls, 10 to 15 lower: | pating preferred stock and 486,708 | 50 Lorrain Cona M 31 11* 31°* | vealers, 25 to 50, mostly 50 up; other | shares of commen stock. 1N o y39% (10% 10% | cjasses steady; best heavy bologna | Aside from $355,200 par amount of | 9 103 0 191 101 7 around 5.00; bulk of vealers, | the preferred stock of the Consumers’ 50 Roch Sily . 08 .06 .06 13.00; packers paying upward to;Chemical Corporation and about 21§, e v e o3 w3 |13 686 shares of preferred stock and 1 Tono Beimont .. 40 76 20 Sheep—Receipts, 14,000 head: fat | 389,805 shares of the common stock 8 Tonopah Ext . 14 1% 1% |lambs, steady to 25 lower; most de- | of the Virginia-Carolina Chemical Co., 0Tono Min 111 4T 4 i |cline on Westerns; bulk desirable na-| the total principal amount of obliga Contl .. .10 06 tives to packers, 14.50a14.75; few loads | tions to be adjusted, based on the| uden Con 4 [0 ‘small Killers, 13.25; ood range |amounts outstanding May 31, 1925, is| End Consol .50 lambs, 14.7521500; some held higher: | about 41.769,000. i TG e | odd _1ots fat native ewes, 6.50a7.50: The Porter Park Golf Club of Loi.|small lot Western ewes, 8.00, steady: don has placed a ship’s bell on « blind | few early sales feeding lambe steady green to warn approaching players. | at 14.75a15.2 R bulk good and choice, 160 to 225 pound | PLAN FOR REORGANIZING VA.-CAR. CHEMACAL CO. Creation of $19,500,000 Working Capital Involves No Assgssments on Stockholders. By the Associated Press. NEW YORK, August 11.—A plan for the reorganization of the Virginia- Carolina Chemical Co., which provides i for the formation of 2 new company with about $19,500,000 of net work- | ing capital, eliminates the funded"debt and does not involve any assessment | upon stockholders, was announced by | the reorganization managers headed | by Blair & Co. The plan has been unanimously ap- proved, bankers said, by the five com- S BT Belgium'’s falling cost of living has apparently stopped. AUGUST 11, wheat production by important pro- { dueing States follows (in thousands of _hushels): Pennsylvania, 24,560: Ohio, 26.056: Indiana, 28,144: Illinois, 39;201; Mich- igan, 1 ; Missouri, 30,518; Nebras- ka, 30,464; Kansas, 66368; Texas, Oklahoma, 24,903 Montana, Colorado, 14,400; Washington, | portant crops, based on August 1 con- | | a | with 1925. CROPS ESTIMATED FOR CURRENT YEAR Production Includes 678,- 000,000 Bushels Wheat, 2,- 950,000,000 Bushels Corn. By the Associated Press. Prospective crops of 678,000,000 bushels of wheat and 2,950,000,000 bushels of corn this yeaf were ‘an- FINANCIAL. One M(i:I.llPGII Dollars 14th & H Strects FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President 3 First Mortgage Notes For Sale In Denominations of $100, $250, $500, $1,000 AND UP 637 Interest Secured on D. C. Real Estate Wm. H. Szunders Co., Inc., Established 1887 1433 K St. N.W. For Investors nounced by the Department of Agri- culture. Wheat productior, was forecast a month ago at 638,000,000 bushels. Last year's crop was 873,000,000 bush- els. The corn was forécast last month at 3,095,000,000 bushels. Last vear's crop ‘was 2,437,000,000 bushels. | The preliminary estimate places Winter wheat production this year at 416,000,000 bushels, compared with 404,000,000 bushels predicted a month ago and 590,000,000 bushels last year. Spring and Winter Wheat. | Spring wheat production was- fore- cast at 268,000,000 bushels, compared with 276,000,000 bushels last month nd 293,000,000 bushels last year. The preliminary estimate of Winter SECOND TRUST NOTES Funds .v‘fllbla for the pur- chase of il kinds of gecond trust otes. secured &75r Tt ertater ™ Bromot - action every case. Washington Investment and Transactions Co. - 715 14th 8t. N.W, Main 3662 s0000vesscreeel | 7% First Mortgage Notes Denominations of $100 and Up— All Details Given Prompt Attention See Mr. O’Donnell, Mgr., | Mor!,fl.e Department 0.412; Oregon, 6,732. _ “ihe condition on August 1 and fore- cast of production (in thousands) in- terpreted therefrom by important | producing States follow QUICK LOANS "HOME OWNERS $150 to $5,000 on 1st, 2nd_and 3rd Trusts Tn_Three Days TN TE 'fr,.\ms-r co., nu‘rx:cr uu’ i oq' Spring wheat—Minnesota, condition Tdaho, 92 and 13,409; Washington, 73 | and 26,354. The preliminary estimate of Winter wheat production in Maryland Is 11, REAL ESTATE LOANS 5%% QEARTME&% HOLSES DSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT INVESTMENT BLDG. Main 9392 The Trumbull Steel Company Sinking Fund 6°¢ Gold Debentures 613,000 bushels, and in North Carolina, | 10,934,000 bushels. Estimates on Corn. Pennsylvania, 96 and 176.797; 968; 94 and 77,080: Ohio, Indiana, 95 and 209, Tilinois, 91 and 387,499; Wiscon- 95 and 96.522; Minnesota, 83 and ! Iowa, 90 and 449.63 202,587; South : Nebraska, 70 and 195,686: Kan- | and 104,881; Kentucky. §8 and Texas, 30 and 33,230: Okla- and 24,883, Other Important Products. Forecasts of production of other im- | fons, last month's forecast and last | vear's production, follow: Oats, 1,387,000,000 bushels, cummren FIRST MORTGAGES FOR SALE tions of $250, $500 $750, $1,000 and Upwards 6% All_Loans Made on Property Located the District of Columbia JAMES F. SHEA 643 Louisiana Ave. N.W. Due August 1, 1940 Company’s present eperations over 807 " Unfilled orders largest in several months. First six months of 1925 fonnage was at annual rate of about 90.000 tons greater than In 1924, Annual net earn- ings for past nine years and five months were over 214 times inter- est requirements of this issue. Price 971, and interest vielding over 6.25% The National City Company ‘Washington—741 15th St. N.W. Telephone—Main 3176 with 1,292,000,000 last month and 1.542,000,000 last year. - Barley, 214,000.000 bushels. com- pared with 208.000,000 and 188,000,000. Rye, 52,000,000 bushels, compared with 54,100,000 and 63,400,000, Buckwheat, 16.400.000 bushels, com Flaxs 0,000 bushels, com- red with 26,100,000 and 30,200,000. Rice, 36.200.000 bushels, compared with 28,100,000 and 34,000,000, White potatoes. 353.000.00¢ bushels, compared with 356,000,000 and 455, 000.000. Sweet compared 900,000 Tobacco. 1 potatoes, 85,300.000 bushels, with $7.6 0,000 and 71, 4.000.000 pounds, pared with 1.283,000,000 and 000,000, Hay, 91,000,000 tons, compared with 92,600,000 ard 112,000,000, Apples, 161,000,000 bushels, com- pared with 137,000,000 and 179,000,000. Peaches, 47.400.000 bushels, com. pared with 46.800.000 and 53,100,000. Pears, 17,700,000 bushels, compared | with 17,300,004 and 18,500,000. Grapes. 2,220,000 bushels, compared 350,000 and 1.780,000. APPRAISED— but how and by whom? ALUE in real estate is not alway qm»mu‘ed by evidence tha: CONSERVATISM and CARE always obvious, but 1 justifies and pm\es ‘the value mark our expert loan appraisals to the extent of subordinating conjuncture and ir- responsible guesses to established facts OUR POLICY has made it possible for us to clain with excusable pride, that not a single dollar has ever been lost by ar Let us submit details. investor in our FIRST MORTGAGE NOTES Mortgage Investment Depi. ON.. 713 and 715 14th St. N.W. -LUCH Main 2345 rghum svrup, 28,700,000 gallons, compared with 30,900,000 and 27,300, 00 Money to Loan Securad by first deed of trust on resl estate. Prevailing interest and commission. 420 Wash. L. & Trust Bide.. 9ih & F N.W. WE MAKE LOANS REAL 'ESTATE Ist and 2nd Trust Loans Construction Loan % N. L. Sansbury Co., Inc. % Jn nepll L ngler 1418 Eye St. N.W. | Main 5901 A i We Buy First and second trust real estate notes se- cured on income pro- | ducing real estate ‘Washington, D. C. Construction Loans Made Real Estate Mortgage & ||| Guaranty Corporation | 26 Jackson Place RBesources over $2,250,000. g L. E. BREUNINGER, 5 President. in Ihh The New York Life Insurance Company Offers tc Make First Mortgage Loans on Improved Real Estate District of Columbia and Suburb. for 3, 5 or Houses Business Properties 5Y%% N APPROVED SECURITY RANDALL H. HAGNER & COMPANY MORTGAGE LeoaN GoRRESPO oA+ 1351 Gonmecticut Huenue, RARRRRRRERM R In the 10 Year Periods Apartments Office Buildings * Apply BENT TeliyihoneNain 9700 20 0O 070 7 0l P LAY 0 0 R RO g [, I, e ] place in the front rank of in- vestment safety. Our record of no loss to any ia- vestor in 52 years shows how completely the funds of our in- vestors are safeguarded. 7? First Mortgage Bonds, 0 in denominations of $100, $500 and $1,000, may be bought outright or by payments extended this advertisement for our book- let, “Fifty-two Years of Proven Safety.” No Loss to Any Investor in 52 Years TheF. H. Smith Co. _ Founded 1873 815 Fifteenth Strect--Main 6464 New York Washington, D. C. Pitburgh Philadelphis Minneapolis YOUR INTERESTS—AND OURS | tact i | organization to render a service 1 really helpful—the more so be- f Ovér a cause we regard our patrons’ ‘ , Quarter interests vital to our own I of a success. i : - ol f;::;:;“, We specialize in | a Loss SAFE 6%:% Main 2100 Our long and intimate con- | Estate developments B. F. SAUL CO. with Washington Real | fits this FIRST MORTAGES 925 15th St. N.W.