Evening Star Newspaper, August 16, 1925, Page 34

ANK SHARES ARE PURCHASED FOR LONG-TIME INVESTMENT Liany Stocks Show Return Under 4 Per Cent—In- ducements for Buying Are in Extra Dividends And Guaranteed ‘“Rights.” BY I. A. FLEMING. Bank shares in ! and some 1. There n| | g. Nor do urns, which | are not much bet- | rnment bond issues, the most cau- anks desiring ng through Federal chances for success in the immediate future, many who might otherwise neglect shares show anxiety to get in on the ground floor for the profit that is likely to be speedily garnered. ‘omen as a rule do not fayor bank shares, but trust companies often make successful investments for widows and estates, where the in- come is fiicient to permit Professional traders, room traders and those who like a market with quick and positive action have no use for bank shares; too slow entirely. Chance to Turn Honest Dollar. Sometimes, as one of the men questioned answered, sotto. voce, “Jimmy sees in this or that bank stock an opportunity to turn an .| honest dollar, and when he wants a moment | of estates | y put women £ women usually on their money and s are frequently nces in stocks of | ives on the Future. | 1 said: “Peo- ve théir eves | n on the im e scores of ts in the gen- ket, but the record here, < shares, men or their re- n who are 2 in { nk or other rporation. I do not ike the double liability that attaches stocks. I ocks are ide or want to meetings and this | £ an inducement, | that_they | > the fhve ultimate | be some! oupled pr oth ends rchas: a boom 1s to favor There are ex- | In the forma- with outstanding ceptions to a tion of a new STRONG UNDERTONE NOTED IN CURB LIST Trading Quiet, With Little Im- portance Attached to Half-Holi- | Price Movements, ar a strong > general uttle was attached market to the price movements with the trend and vol- g a half-holiday appear- tern Power held a foremost ain in de- ! k's high Traction s during lent and | g many the public ch were the features of arply with the y in the year. of the bu is move- was connected with various | n companies in the| 1d. In the industrial | stocks came into | it | DROP IN FLOUR PRICE. Minn., August 15 r, 10a15 cents lower, at 8.75 1; shipments, 36,574 bar- 00. Northern, 156%a %al55%; De- husband of ess, who is |- Court arging Bureau. His e probation of- ation and report. Ac- to the indictment, the ac- ed, on February 1, 1919, made a claim against the Government by resenting that Edna Ecksteln was itled to an allotment as his wife. The marriage to Ann Suter was gele- brated at Rockville, June 19, 1924. stock he is generally willing to pay the price. His judgment is unusually good and his strong box would prob- ably disclose some of the finest in- vestments available. He also went with Railway common.” Hurt, millionaire Washing- an who died some yea e of the heaviest of loc: n bank shares. He accumulate never sold, and his estate ha Ny hundreds of shares of the very best local bank stock. He was at his death the largest bank share holder in Washington. For Immediate Return. Some few bank shares will still give a fair return on the market price. The average annual return on the local exchange is between 3 and 4 per cent, with the range from the 2.2 per cent vield of the National Sav- ings and Trust Co. to the 8.61 per on the United Stotes Savings the little gold mine at Four- teenth and U streets northwest. The former is selling on the are and paying 10 per | of $ a cent, while the savings bank shares are quoted at $300 a share, bid; but in both instances it is extremely diffi- cult to execute buying orders in these stocks. Higher prices would have to be offered to bring them out. The subjoined percentage table Is based on continuation of extra divi- dends paid during the past year: National Bank Stocks. Dividend Return Rate. per ct 12 Eahsna5mne Bank of Washington.. . Trust -Companies. curity. ash. Loan & Trust Savings Banks. * T i Wash ton " Meghanics 30 ased on $100 & share par value. | | reselling by | healthy prices subsequently scored a | ern Spring, c. 1. £. THE SUNDAY VOLUME OF STEEL | BUSINESS GROWING Outlook for,Orders Consid- ered Favorable—Pig Iron Fairly Active in Market. By the Associated Press. NEW YORK, August 15.—The vol- | ume of business in the steel market | appears to be growing slowly, but| steadily, and the outlook is considered | favorable. At 'the same time buyers are not making much provision for the tuture, while prices are only about steady. Pig fron is fairly active, but the demand is spotted. Prices are steady, but there is a good deal of German and Dutch iron offering at the seaboard, which has a tendency to_hold values down. Recent heavy purchases have been followed by a falling off in the demand for. copper and reactions in London have been accompanied by reports of continental _ holders. Prices locally have been shaded slight- | ly from the peak of the recent ad- vances, with moderate sales reported | at the 14%-cent level. Prior Bookings Steady Market. The large business previously booked, however, has strengthened the general position and the market was steadier at the end of the week, with producers quite generally hold- ing for 14%, although some copper still is said to be avallable at the lower figure. Tin declined below 58 cents for prompt Straits, following easiness in London and the Far East. Good buy- ing by consumers took place on the break, and with the general situation moderate rally. Lead has been advanced further by the leading producers, but prices in the outside market continued to com- mand a good premium. Producers are well up on contract delivery, but ap- parently have no surplus to offer. Aside from inquiries from cable inter- ests present demand is less active. Zine Losses Recovered. Zinc eased off slightly during the middle of the week, but rallied later and recovered the loss. The strong statistical situation and the higher ore prices, together wth a fairly liberal domestic demand, tends to keep prices firm. Antimony is a shade lower for spots and futures, owing to increased offer- ings from China. NEW YORK GRAIN PRICES. NEW YORK, August 15 (P).—Rye 1.15% f. o. b. . 1. £. export. No. 1 dark north- ew York, lake and ail, 1.8215; No. 2 hard Winter, f. o. b. e and rail, 1.76%; No. 2 durum. do., 1.61%; No. 1 Manitoba, do., in bond, 1.80%;. Corn, spot easy, No. 2 yellow, c. 1. £., track, New York, all rail, 1.25%; No. 2 mixed, do., 1.241%. Oats,. spot barely steady; No. 2 white, 52. Wheat, spot easy Financial Highlights of Past Week Brought Out in Nutshell by Statistics Special Dispatch to The Star. V YORK, August 15.— Stocks (average of 50 issues) nds (average of 40 issues) Foreign bonds (average of 10 issues). Federal reserve ratlo.. Money rates in New Yorl Month of June, 1925. .ee 3,539,487 936 Unfilled steel orders...eesceese.. Pig fron production..... Building permits: Number of cities. Amount Commercial Number Liabilities Revenue car loadings: eous products Live stock This week. Last week. Low. High. Low. 118.19 117.84 116.66 This week. Last week. . 8357 83.65 . 102.53 102.49 . Last week. Year ago. ! 5.3 82.5 | This week. Last week. 4 todl 43 tody 4% to4% 4% to 4% Month of Month of May, 1925. June, 1924. 3,710,458 8,187,072 89,115 87,517 377 $274,901,172 1,648 $49,539,184 26,450 . Gas Light 6s. & Blec. Cons. 4s. . Ry sh. Ry. & Elec. Gen. & Ref. 5 | The Ycalr 1925 to Date on the Washingtc;n Stock Exchange. Furnished by W. B. Hibbs & Co. Up to and including Friday, August 14, 1925. 293,/ 11,000—Dist. of Col. Paper Mfg. 1st 6s. 14,500—Riggs Realty (Long) 5s. 2,500—Southern Bldg. Co. 6%s. 7,500—~Wardman Park Hotel 6s STOCKS. pital Traction shington Gas sh. Ry. & Elec. Com. 9—Wash. Ry. & Elec. Pfd.. 65—Capital Natfonal Bank. ' 467—Commercial 11—District . 37—Federal-American 374——Amer. Security 189—Continental Trust 10—Washington Mechanics’ 454—Firemen’s Insurance .. 751—Columbia Title Insurance. 76—Real Estate Title Insurance... 62—D. C. Paper Mfg. pfd. 5,572—Lanston Monotype. .. 1 10: 400—01d 2—Security Storage... 30—Washington Market....... 20—Yellow Cab Co. «..... 262—Chapin-Sacks 8% Pfd 4—Chapin-Sacks 7% preferred 5—Chapin-Sacks common 5—Banking Trust and Mortgage . 760—Clitizens Savings Bank 48—Departmental Bank 50—District Title Ins. 12—Munsey Trust 50—Washington Base Ball Club UNLISTED DEPARTMENT. 94 . 24—Washington Title Insurance . $100—Army and Navy Club b $3,000—Metropolitan Club 4% ., AUGUST 16, 1925—PART 1. Two Important BOOKS By Popular Authors Just Out! “The Keeper of The Bees” By Gene Stratton Porter “The Red Lamp” By Mary Roberts Rinehart $2.00 Each —You will also find copies of these books in our Cir- culating Library, which you may read for 3c a day. Downstairs Bookstore Exceptional Values Tomorrow In— N Domestics That Every Home Needs! —No home ever has too many good sheets and pillowcases. And it’s a good plan to have a piece of muslin handy at all times. Here is a _good chance to replenish your supply of these very things—at prices that are unusually low. for quali ticeably good. Beginning Tomorrow—Kann’s August Sale of A Blankets & (omforters Oakwood Sheets at Special Prices —These Excellent Sheets are made of good quality sheet- ing with deep hems. Sizes are sizes, priced as follows: —63x90-inch size. Special at —63x99-inch size. Special, each...... —72x90-inch size. Special, each...... $1.25 $1.25 all before hemming. -Six —72x99-inch size. Special, each —81x%0-inch size. Special, each. —81x99-inch size. Special, each. Heavy Quality Sheets, Special at $1.29 and $1.39 Each —We have been fortunate in securing another shipment of these sheets which we offer tomorrow at these special prices. They are an extra heavy quality, made the regular way with deep hems. Two sizes— —81x90 at $1.29 each. Pillowcases, Special At 35¢ Each or 4 for $1.25 —Plain Hem and Hemstitched Pil- lowcases of good quality muslin. All perfect and 45x36-in. size. 36-In. Unbleached Muslin 1214¢ Yard —Heavy Quality Unbleached Mus- lin. Cut from the full piece. All perfect and 36 inches wide. —36-inch Gold Cloth. A fine, roun finish lady’s cloth offered at the low price of..... —81x99 at $1.39 each. 81x90 “Washwell” Sheets, Special At 95¢ Each —Good Quality Sheets, made with deep hems and free from starch. These are very popular sheets, and offered at a very low price: Fancy Bed Ticking 55¢ Yard —Heavy-weight, Fancy-striped Bed Ticking, especially nice for making pillows, as it holds the feathers. d thread, soft 180 Xd Kann’s—Street Floor. These Attractive Values Monday, In Household Linens —Linen Hemstitched Dinner Sets, o f silver bleached damask. The Sets consist of cloth size 55x70 inches and_six 15-inch napkins to match. | A soft-figish, closely-woven quality that will @3 €8 K wear splendidly. Special, a set —70-inch Linen Table Damask. weight and closely woven quality. Regularly $2.25. $1 Special - 3 —Hand-embroidered Madeira Tea pure linen. 8 attractive patterns to choose from. Special bleached, extra heavy Yd. 12-inch size and all $5.00 Doz. Silver NapRins. —Linen Breakfast Cloths, size 45x45 with blue, orange or lavender borders. Soft-finish, heavy-weight Special o —S4einch Table Felt, a good heavy weight, well woven and our regular $1.35 value. Special 3 ~Pure Irish Linen Dinner Napkins. damask and a quality that will Regularly $3.50. Special ke —White Turkish Bath Towels. —Boott Mills Hemstitched Towels. very absorbent, can be used for e towels Special 2x44 inches. double thread, good heavy kind. Special ...... $1.00 Yd. 18-inch size, extra heavy ver v §597 Do, The 30¢ Ea. 18x36-inch size, cream .linenl. $1'19 Kann's—Street Floor. Provides Winter Warmth Insurance at Low Prices Plain Silk Comforters $13.95 —72x78 Plain Silk Comforters with fancy stitching. Both sides alike. Filled with pure lamb’s wool. Handsome Brocaded Satin Comforters $24.50 —72x78 Full Bed Size Comforters with brocaded satin centers and 12-inch borders to match. Filled with pure lamb’s wool. Part-Wool Bordered Comforters, Special $4.75 —Double Bed Size Comforters with attractively designed cen- ters and plain sateen borders. Filled with lamb’s wool and cot- ton, 200 Prs. “Kann’s Special” “Plaid Blankets, At $9.69 Pr. —All-wool Block Plaid Blankets, of extra fine quality with 3-inch sateen binding to match. Colors, rose, pink, blue, helio, gold, tan, gray and red with black. Extra Quality, Part-Wool ‘White Blankets $6.95 Pr. —70x80 Extra Nice Quality White Blankets, with rose, blue," pink and helio borders and bound with 3-inch sateen to match. —This August Sale of Blankets and Comforters renders. a highly im- portant service! It provides beauti- ful, healthful warmth for cold Winter nights at prices that represent worth- while savings. It provides it in the largest and most attractive variety of designs and colors you'll see this sea- son, and for that reason alone it is to your advantage to choose your blan- kets and comforters now. We can give here only a hint of the many kinds and the exceptional values in this sale. You must come and see them all! These are representative « xamples— 400 Part-Wool Plaid Blankets, Special $3.45 Each —66x80 Fancy-plaid Part-wool Blankets, with pretty jacquard borders in two or three colors. 66x80 Part-Wool Plaid Blankets, At $4.69 Pr. —These are for double beds and are in the rich colors of white with blue, rose, gold, helio and tan. Bound with colored soisette to match. 100 Prs. of All-Wool Plaid Blankets $7.75 Pr. —All-wool warp and filling and an excellent quality in the desir- able colors of rose, pink, gray, tan and blue. Bound with wide col- ored sateen. Double-bed size. 150°Prs. of Fine All-Wool Plaid Blankets $11.95 Pr. —72x84 Fine All-wool Plaid Blankets, of extra heavy-weight and fine quality.. Block plaid designg, in rose, blue, tan and gray. Bound with 3-inch ribbon to match. 66x80 Part-Wool White Blankets, At $5.45 Pr. —Good Heavy White Blankets, with colored borders and 3-inch sateeh binding to match borders. The colors are blue, rose, pink and helio. Yard-Wide Light Outing Flannel, Special 28¢ Yd. —New Fall styles of yard-wide Outing Flannel in neat and fancy stripes. Has a nice heavy fleece and is especially nice for winter underwear. Kenwood All-Wool Health Blankets Single-bed e $12.00 —Kenwood Blankets are made of fine Viry Ztiete? $13.50 n wools, are unshrinkable and mothproof, and come in two sizes—60x84 for single beds and 72x84 for double. All are neatly boxed, and are in the old, green and helio, with wide satin bindinfi ry warmth of these beautiful blankets promotes the most rose, pink, blue, tan, light, ful, restful sleep. Try them! retty solid colors of The ealth- =) Yiak) sty \' " Penna Ave. ' 8th and D