Evening Star Newspaper, August 16, 1925, Page 33

AUGUST 16, 1925—PART 1. FINANCI higher in Cafcutta and unchanged in the local markets with the demand light for the day. Moderate improve- ment was noted in linens. Real Estate Loans First and Second Trusts Construction Loans Reasonable Rates N. L. SANSBURY CO. INC. 1418 Eye St. NW. Main 5901 STAR, WASHINGTON, D. C., SPRING DEMAND LOOMS. Dry Goods Market Showing En- couraging to Dealers. FINANCIATL, SHORTSPAYHIH | BND SUMMARY For ThE WEEK ONFISING MARKET - Renewed Bidding Up of Business In worsted men’s wear has been good in specialties for Fall delivery and a better spring demand appears to be looming up. Raw silk was firm and unchanged. Jacquard and fancy loomy were very busy on silks, and sales for e Fal NEW YORK, August 15 (P)—Sub-] continue full. Burlaps were slightly stantial purchases of percales by job- bers have been made this week from |? the Jarge printers, many express ship- ments being called for. Gray claths for printing and converting sold in moderate quantitles for September- Ogtober delivery. Fair-sized. duck sales were made during the week. WE —all classes of incom Large Loans a Sp(clalty ngbxe & Richardson, Inc. 6 1 N.W. FINANCE prod cing property Tow. 100-26 19 01-21 104°51 100m2s s 88 101-8 101-12 378 .m.oo 102-5 395 1068 383 Last. 064 We Buy First and second trust real estate notes secured on in- come-producing real estate in Washington, D. C. High ~ps, 8. BOND! itk 106719 Livercy Syes 103247 10i-14 Liberty 1st 4% s 193: 100-20 Liberty 2d 4% s 1927-42 101-1 Liberty 3d 4% s 1928 101-20 Liberty 4th 4% 1933-35. 104-13 Treasury 4%s 1047-62... 1825 1. - FQREIGN, Argentina s A 1957, When You Have Funds to Continental Trust Company Invest, Consult WELCH, Capital e o Construction Speculative Industrials Fea- . tures Stock Trading. By the Assoctat 3 igust 15.—Renewed y of the high-priced indus cks was the feature of the 9914 4 100% 10214 4 101 101 104% 108% 10: 1104 1 109% Belgium 65 1955. Belgium 734819465, Belglum 85 1941. . Bordeaux 6s 1934 Brazil 85 1941 Canada bs 1952. Canada 518 1929 Chile 85 1926. % Chile 851941, Chile 85 1946. For Investors One Million Dollars 14th & H Streets First Mortgage Notes For Sale In Denominations of Loans Made —for long-time periods in amounts up to $§700,000. Real Estate Mortgage & Guaranty Corporation Loan Specialist Established 1509 614% and 79 Real Estate Notes for Sale in Amounts from $250 Up to $1,000 or 7% ‘First_Mortgage otes 39\A 4 Chinese Govt Ry bs 1961, Copenhagen 514s 1944. Czechoslovakia 8s 1951 Denmark 6s 1942. Denmark 8s 1946. Dutch East Indies 65 1»\1 Dutch Bast Indies 6s 1963. % French Govt 73%s 1941, Denominations of $100 and Up— French Govt 85 1945 All Details Given Prompt Attention Geyrman 7s 1949... Holland-American 581 5 ¢ 3 See Mr. O’Donnell, Mgr., Japanese 49 1931. Japanese 634s 195 Mortgage Department Jergens Utd Marg: Lyons 6s 1934, . Marseilles 65193 Netherlands 6s 1972 110 Norway.8s 1940.. 70% Paris-Lyons-Med 6s 195 107 1011 Queensland 6s 1947 104% 1128 109 Queensland 7s 1941 87% 97% 94 Rio deJanelro 8s1946 94 100 Sao Paulo, State of, §3 1936 824 Seine, Deptof, 7s... &4% Serbs Crotes Slovenes 8s 1962, 108 Sweden 65 1939. 100k Swiss Bls 1946.. 115 United Kingdom 51551929 104% United Kingdom 5%s 1937 INDUSTRIAL AND MISCELLANEOUS. Amer Agri Chemical 738 1941 Amer Smelt & Rof 1st 55 1947. Am. Smelt 1st 6s 1942.. Amer Sugar Refining 65 1987..... 1024 Amer Tel & Tel cl tr 48 1929. d Amer Tel & Tel cl tr 5s 1946. Anaconda Copper 6s 1953. Anaconda Copper cv deb 7. Armour & Co 4%5 1939 Atlantic Refining deb 5 Bell Tel (Pa) ref 5s 1948 Bethlehem Steel p m bs 1 Bethlehem Steel s £ 651943, Chile Copper 631933 Cons Coal (Md) 1s ref §s 1 Cuba Cane Sus cv Aeb 831930, Detroit Edison ref ds 1940. Du Pont de Nem 7%s 1931.. Emplre Fuel & Gas 7%s1937. General Electric deb 55 1952 Goodrich (B F) 615 1347. Goodyear Tire 85 1931. Goodyear Pire 85 1941. s Humble Ofl & Ref 5%s1932.... evel £ ear at 27, and Indiana Steel 55 1952 . 10 d feebly, and Westinghouse 824 Inter Mer Marine 63 1941 c preferred dropped nearly 4 Inter Paper 55 B 1947. 0, the lawest of the year, Kelly-Springfield 851931, 2 points or more also Lackawanna Steel 55 1950 Associated Dry Liggett & Myers 53 1951. ingfield § per cent Manat! Sugar s f 7%s 1942 Midvale Steel 55 1936 New England Tel b8 New York Edison 1st 63%s NYGasELHG& P 551948 New York Tel 435 1939. New York Tel 65 1941. North American Edison Pacific Gas & Elec 58 1942... Pacific Tel & Tel 55 1952. Philadelphia Co ref 6s 19 Public Service 65 1944 Sinclair O11 75 1837 Skelly 615 1927. South Porto Rico Sugar 75 1941 % Unlon Bag & Paper 6s D. United Drug 6s 1944 U S Rubber 1st & ret &s 1947 U S Rubber 745 1930 U S Steel s £ 55 1963. . Utah Power & Light 55 1944 Va-Carolina Chem s f 75 1947, Va-Carolina Chem 7%s '37 war. 4 Western Unfon Tel 63s 1936. Wilson & Co 1st 65 1941... Wilson & Co cv 7%s 1931 RAILROAD. Atehison gen 48 1850, cu...t.s Atlantic Coast Line 18- ¢s 1952. Balta & Ohio gold 431943, Balto & Ohlo cv 4348 1938, Balto & Ohlo ref b5 1995. Balto & Ohlo 65 1929.. %« B&OPIttsLE& W Va 451341, B & O Southwestern Div 5 cfs 50. Brooklyn-Manhat s f 63 A 196 Canadian Northern 6% s 1846, Canadlan Pacific deb 4s. Central Pacific 45 1949 Chesapeake & Ohlo cv Chesapeake & Ohlo gn 4%s 199 Chesapeake & Ohio cv 58 1946 Chicago & Alton 3%s 1950 Chi B & Quincy 1st ref 55 1 Chi & Bastern 1] gen 58 1951. Chi Great Western 45 1959. . ChiM & St Paul cv 435 1982 ChiM & St Paul gen 435 1989 Chi M & St Paul ref 435 2014, Chi M & St Paul cv 68 2014 Chi & Northwestern 8%s 1936., Chicago Rallways 65 1937. Chi R I& Pacific ref 451934 Chl Union Statlion 4%s 1964 Chi Union Station 6145 1963, Chi & Western Ind con 48 1952 CCC&StLref 65A1929. Cleveland Term 5%s 1972. . Colorado & Southern 4%s 1935. Cuba R R 681982, ..... Delaware & Hudson 5%s 188 Den & Rio Grande con D. & R. G. West 65 191 Detrolt United 435193 Brie 1st con 48 1936 4 Erie gen lien 4s 199 Eriecvds A 1958.... Erle cv 43 D 1953. Grand Trunk s f deb 63 19 Grand Trunk 781940 Great Northern gen 5345 1953 : i 3 - Great Northern gen 7s 1938, 109% @ 3 - Hudson & Manhattan ref 5s 1957. . Hudson & Manhattan adj bs 1957 Iliinois Central 5%s 1934.. 4 Inter Rapid Transit 551966, . ., . Inter Rapid Transit cv 7s 1932, .. 0% T8 Inter & Great Nor adj 6s 1963, 73% 8% Kan C Ft Scott & M 48 1936. o1 . Kansas City Southern 3s 1950 8 92% Kansas City Southern 58 1950. o4% 98% 97% Lake Shore 451928, 92K 9TH Lake Shore 45 1931. Yo% 95K Louis & Nash unified 4s 1940 104 108% Louts & Nash-lst ref 53%s 2003, T 92% Ml Elec Ry & Lt 1st ref 68 '61.. m% wm MStP&SSM6%s 1881, Mo Kan & Tex 1st 43 199 Mo Kan & Tex adj 58 196 $100, $250, $500, $1,000 AND UP 26 Jackson Place N.W. 6}% Interest Resources—3$2,500,000 Secured on D. C. Real Estate L. E. BREUNINGER, Wm. H. Saunders Co., Inc., President Poteqioned 1967, RS NV More. ConsultWELCH Realtor Loan Speck 15th & N. Y. Ave. "/I 4346 3 Trust Co Reference JBank 3 f and relatively quiet stock marlket business _conditions show rer s of improve 85 t of easy money 93% time to come, the 107 stively firm. ~ Cessation of gz v re in the oil shares, de- 823 extension of gasoline price fig‘_n significant development of 924 trading. = Reaction in Industrials. ts who sold high-priced indus- in the last week or two 1y that the technical con- arket warranted a we again forced to ks in order to cover First Mortgage Notes Northwest residential prop- erty—very best location. Limitgd amount avatlable at this attractive interest rate. Ask for Mr. Kellor. Manarer Loan McKEEVER & GOSS Regltors 1415 K St. N.W. Main 4752 111 103% 1034 1004 Oldest National Bank in the District of Columbia 102% 1133 8015 9% THE LARGEST FORTUNES —of today were started by men who possessed only a few dollars, but who had the wisdom to invest for the future. Start today by buying our first mortgage notes. They are safeguarded by first liens ucron improved real estate in Washington, D. C., worth ble the amount of the loans—so that there can be no loss by deprecia- tion. We have them in denominations of $100 to $5,000 —at highest current interest rates. Ask for our Investment Booklet—no cost and no obligation. 634 4 101% 106% and General record t will receive ment thre cent cus Milestones in the Growth of Your Dollar Pile TEVERY PAYDAY should serve as a ing an increase im your savings fund. that rule will keep you and want and success quicker together, 105% Until 5:30 P.M. Tomorrow One Dollar or more will open a savings account it owns large oints to 165, A activity in Havana tock up 4 points was another ‘spot, climbing 1034% 2914 108 1037 9774 102% 9415 101% 94% " 105 83% 9L 96% 100% 974 103 935 101% 96% 92% 974 milestone, high_prices olds Tobacco ‘hicago Pneu- tes Shoe nd (ienm,xl Outdoor Adv e ruf‘d lr\ Re; IThe Metropolitan is serving hundr ers and has room for you in its Savings Dept this Payday, and start your opport in Selective List. e rails was of a selec- with further accumula- the Wabash is; common, New n_preferred, ough their previous nums. Jersey Central ints on one sale, a few soft spots. fortgage Investment Department 4 100% 1144 121% 9 1021 Ma- points to a National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,800,000.00 "15th St., Opposite U. S. Treasury Pug Lawyers’ Office (LL1E (LIL§ T 3 for Rent e Trading the forelgn exchanges was extremely dull, with most rate changes inconsequential. Demand sterling led around 4.851; and French S at 4.67 cents. BOND MARKET FIRM, ISSUES SHOW GAINS Prices Denote Increased Demand for Many Securities—Foreign Obligations Unchanged, Organized 1814 On 2nd floor—overlooking Mec- Pherson Square. Centrally located, yet quiet and off car lines. SAUL BUILDING 925 15th St. N.W. Reasonable Rent ssociated Pre YORK, August 15.—Bond layed a firmer tone in to- than has been noted in half-day sessions. Better de- noted for many issues, itutional buying again a nt factor. y in Norfollk and Western ble 6s carried them a point but the gain was lost near the Chicago and Terre Haute in- 1 Southern Railway gen- U 8% ved up fract Iy, but 8% 8t e e heavy. On| 89 a improvement, 98y 65 and Pen a gain of a ie Gas and Eleetric Bs led the utility group with an ad- vance of 1% ponits. Publie Service Corporation of New Jersey 8s yielded slightly. New debenture 6s of the Southeastern Power and Light were active, selling on the curb at 97, half & point above the offering price on Friday Industrial mortgages Consolidation Coal closing a point higher. Foreign obligations were virtually gnchanged. - United States Govern- Modern Equipment B. F. SAUL CO. Main 2100 925 15th St. N.W. 83 9214 5 100% 103% 9 close. 1% 91% o "‘fl\ohl\fi‘“‘ The New York Life Insurance Company - RETIN Offers 1o Maks i American paint or so 821 8% s 96% 103% 9% 68% 60% 90% First Mortgage Loans on Improved Real Estate 59 1124 88 In the ? District of Columbia and Suburbs < * for 3, 5 or 10 Year Periods Houses Apartments Business Properties Office Buildings 5%2% ON APPROVED SECURITY Apply . ® RANDALL:H. HAGNER & GOMPANY § MoORTGAGE LoaAN GORRESPONDENT Hoastt Gommacticad Hoenat How long will the Florida “boom” last? Read this keen analysis of Florida’s lightning growth, by G. L. Miller, recognized authority— in August 15th Forbes Amerlca 's eyes are on Florida today. That is why B. C. Forbes, editor of Forbes Mag- azine asked G.L-Miller towrite this article. Is the Florida“Boom” really a“Bubble” ,—or is there a solid basis for Florida's s 3 ‘expansion? You don’t hear so much about el Gy S R e TR Florida’s commerce and industry, but n 1925, whiat orefhe soal fucta? *Can the Philigpines Supply Owr Rubber Needs?” u:‘hgfe is onmetll:hl m'Aln M;:f“cr‘;hi: Flon i:: e r-:-‘:;':x;' o i g e | course, there’s plenty to n the overe n Political Outlook. night deals of b rti a B oty Forbes— An Outstanding Magazine e but of Business Soth Coaguty sy hess copiel is S TR Amlhhumd.n More and more executives in all branches of in. mnsy-nn(mgd.l ‘miracles. are coming to rely on Forbes as a chief You ought to know the truth about Florida. Ne source of information and guidance on timely za“nu where live, you will be interested in were firm, of Maryland bs v of the International Telephor Teleg: aph Co. for the first half of 1 565, i 108% &< ;‘l’g": 17 It 4 3 7 L v 964 103 106% 111 0% 93t % muv. 103% [ 824 95 Negotiatio tearned, for tional p ada by the In poration pending the pending, it is cquisition of addi- v properties in Can- ational Utilities Cor- being withheld 1 of conferences between the International Corporation and the companies to be taken c which are now taking placs in Banfr, Alberta Other Articles of Timely Interest “Bobby Jones Teaches a Business Lesson”—by B. C. Forbes .A golf witardhasa novel and interesting message for busi- ness men—told in Mr. Forbes’ eatertaining style. “How Davey Tree Surgery Grew Big in a Small Town” Mascin L Davey's Business Genius has built National Ser- gz&/nlm&un om0 Common to ders Rockwell Corporation gust 22. will be offered rights to sub- scribe for new stock at the rate of 15 per cent of their present holdings at ble in full on or be- ptember 1i. Proceeds of the issues will be used partly to finance substantial enlargement of the com. pany’s capacity. of Marlin- of record Au- Qur banking is new only in Washington in having an economical purely Savings Bank paying the largest rate of interest on, Savings we deem safe and profitable, New York Cent deb 45 1934. New York Cent ref imp 5s 2013, namely, New York Central deb 68 1935, 1 7 i New Haven deb 4s 1957, . I ! with Profit Sharing NYNHG&H cvdeb 6s 1948, N Y West & Boston 435 194 after shareholders receive the fair rate of 6%. - Norfolk & Western con 4s 199 4 Norfolk & Western cv 6s 1929, Northedn Pacific 3s 1947 Northern Pacific 45 1997, Northern Pacific ref imp 63 2047 Ore Short Line ref 45 1929, Ore Short Line gtd 58 1946, Other Depositors have our excellent plan whereby paying a fixed amount monthly in’ 1 Savings acoount insures their lives. ther Depositors have purchased our 19 2 5 Rt LI e 6%% First Trust Notes g: E : g:: ;;ln gr In 58 1950, e ma VS Our gra rssslve liberal policy is increas- StL & San Fran inc 65 1960, ing our Savings Accounts at the rate of 3,000 Union Pacific 18t 45 1947 Union Pacific cv ¢s 1927, Virginian Ry 1st ‘Wabash 1st 5s 1939 94% Wabash 5% '75.. Missouri Pacific 63 1949. ., N O Tex & Mex inc bs 19365. National Supply Co’s net income for the half year declined to $997,25 equivalent, after preferred dividend requirements, to $2.81 a share on the common, compared with $1,343,616, or $4.12 a share, in the same period of 1924. topics of business. Every issue is rich with fac; comment on leading questions. The articles are written the most competent and experi- enced leaders in industry. In every issue of Forbes you will find—oppor- tunities for investors—building and mortgage sur- vey—digest of corporation news—section devoted to new moves in business—editorial comment on current questions—news of public utilities—new industrial methods—Wall Street pointers—and other features. 1f you are not now a regular reader of Forbes, be sure to sign the convenient coupon on this page. ., Inc., a recognized thorlty on realty values and real estate mom bonds—a man who came from Florida and m:ie afortune in the North. Mr. ler, whose business activities are now national, still is interested in Florida. Therefore he has not only firsthand knowledge, but also the perspective necessary to speak with authority. Afterreadin; :lhhfimardda I:n will benwr.hbemnhlno]u ge investments Smelters and refineries in the U Mexico produced of crude lead in July, of refined lead and 1,530 of antimonial lead. These compare S tons, 64,289 and 1,218, re- the month before. ited Bank clearings throughout the oountry for the week show a small increase over the corresponding week last year, the total of $8,534,463,551 eomparing with $8.359,595,968, a com- pilation by the Commercial and Finan- cial Chronicle shows. New York City elearings fell 5.30 per cent. FOR BUSY BUSINESS MEN Edited by B. C. Forbea Published 1st and 15th of the month Member of the Audit Bureau of Circulations Tags of, il tn and mal e COUPON FORBES MAGAZINE, 120 Fifth Avenue, New York, N. Y. 1 don’t want to mies this interesting article on Florida—or the other good things. 0 Enclosed is $1. Send me the next EIGHT issues of FORBES, under your special offer. O Please enter. my subscription for FORBES for ene year, and bill me ($5.00 per year) NAME. STREET. S COTTONSEED OIL CLOSING. NEW YORK, August 15.—Cotton- seed oil was irregular today, old crop months being easier under liquidation by tired hold while new crop de- liveries were steady on fresh buying through commission houses and light offerings. Closing bids were 5 points lower to 10 net higher. Sales, 11,500 barrels. Prime crude nominali prime Summer vellow, spot, 10.90. September closed, 10.98; October, 10.77; December. 10.45; January, 10.65, all bid. Ore-Wash 1st ref 4s 1961 Pennsylvania gen 434s 1965, Pennsylvania gen b8 19, Pennsylvania 6% 1936, Peoria & Eastern inc 43 Pere Marquette 1st bs 1. Seaboard Alr Line ret s 1988 oe 4 Seaboard Alr Line adj 5s 1949 a year. S en - 50 an Southern Pacific col 45 1949. Safe DepOSlt Boxes $2 d Up Southern Pacific ref 45 1955 710 14th Street FRANCIS M. SAVAGE, President OPEN UNTIL 5:30 MONDAY, AUGUST 17th Reading gen 45 1997, Rio Grande W RIArk&L 0% « StLIM&SR &G ¢ Southern Ry gen 4s 1956. ... ... . Southern Ry 1st 5s 1994, Southern Ry dev 6145 1356 ‘Third Ave adj 5s 1960., ’l“ 3% .88% 34 —__ |ues Other Financial News on Page “'lLO“m 24 m‘: 814 West Shore 18t 48 23610 uusasns H B«