Evening Star Newspaper, August 20, 1925, Page 31

FIN OF NELONSONSALE Cani‘aloupes Home Grown, Ape Specially Plentiful—Lo- & cal Produce Outlook. v AT Liberal supplies of cantaloupes are Btill being received, this season's being much larger than usual and dealers ipate the supply will con: tinue until frc ypears. Prices have corr Towy dealers report, much for many years. It i retted by dealers that their surplus stock can- not be put in cold storage for the Winter trade. Homegrown cantaloupes are clally plentiful this season, and demand for them has decreased demand for the product from distant points. Dela Hearts of Gold and California Salmon Tints are still being offered on the local There is only espondingly lower than espe the the mand is 1 Virginia and fruit, sold dire pound ave each. Few melons are be from nearby farms, most ¢ ing spld at retail 's Wholesale Pri tub, 49; prir 50 cents received em be selected, candled, 35u 34 pr small, 25 fowls, 'P« ultry — Alive large, 30a31; medium —Spring chicken 33; turkeys, 30; duc stock—Calves, 1 lies heav count homegro demand ate, market weak; Maryland, ¢ Shore and Delaware, H standards, 36 1.00; few Californ section. Tints, standards, 4 jumbos, 45s, 1.50al. bughel crates, green mon Tints, 75a1.00. apes—Homegrown _receipts erate: demand moderat steady: homegrown Concords, 2.00a2 2.75. Lettuce- light, mar er; New York, two Boston type, 1.00 75; Colorado, cra sizes, 3.00. Onions light, 755 meats and Sal- mod- upplies liberal et dull and around tes, Tceberg type, all demand ew York Midwestern 100-pound , vellows, U. S. No. 1, , 3.50a ne fair condition low as 3.00, Peaches—Supplies _light; demand mbderate, market firm; Delawar bushel baskets Elbertas, large size, 3.75a4.00. Potatoes—Supplies moderate; _de mand moderate, market steady; New 150-pound sacks Irish cobble No. 1, 4.50a4.75; machine grad: ed, mostly 4.25; Glants, U. S. No. 1, mostly 4.25. Watermelons — Supplies moderate; {lemand moderate, market steady; dock Bales, Virginia, bulk, per 100 melon: elect, 40.00a50.00. Apples—Supplies liberal; demand | fnoderate, market slightly weaker: WVirginia 'and Maryland, bushel bas’ rious varieties, medium to e, 1.00a1.50; st vs, few large s @nd conditfon, 2.00 Green corn—Homegrown _supplies Mberal; demand light, market _dull; { homegrown, 5-dozen bags, 10al5 per dozen. Tomatoes Homegrown limited; demand moderate, slightly weaker; homegrown, halt- byshel hampers, 1.00a1.25, few 1.50. ears—Supplies moderate; demand moderate, marke California, boxes, Bartletts, 2.75a3.00. Supplie: ket fair moderate e, fine quality | supplies market COTTON MARKETS EASIER. _ NEW YORK, August 20 (#)—The cotton market was easier during to- day's early trad a continued | tendency to incre ates of the crop. Relatively e cables and reiterated reports of an spot basis in the Eastern belt The market opened steady cline of 3 to 9 points. some foreign tr ering at the decline movement conti prices showed net losse out 7 to 9 points at the end cf the first hour. Foreign trade buying together with covering checked the decline around 23.51 for December contracts. Buying, otherwise, the for cast for show the Southwest, and the dull at midday with a showing rallies of only 3 points from the lowest and with the general list about 5 to 7 points net low EW YORK, Aug closed steady a Open bu ry or cooler High January March Ma: October [ December .. NEW ORLE —The cotton n; in sympathy cables than due. First tr losses of 4 to 10 po ber trading at 2 2288 right afte market then becames ating within the points and ad on a little trade falling back as much on hedge selling. A crop prominent authority n 4.1 and the indic 000 bales. NEW ORLEA tures closed steac points. January March ay October ... December - LIVERPOOL, August ton spot, fair demand; price, steady; « American strictly good middling, 13.91; good middling. 31.61; strict: ly middling, 13 middling, 13.11 strictly low mi ing, 12.81; low middling, 12.46; strictly good or- dinary, 12.06; good ordinary, 11.46: males, 5,000 bales, including 4,400 American. Receipts, 500 bales, in- gluding 4,100 American; futures osed quiet; August, 12.67; October, 12.39; December, 1231; January, 12.32; March, 12.3 12.40 rened Liverpool les showed with Octo- and December at e call. The tless, fluctu- few lowe of a oint or two and then moderate report by le condition ated vield, 14,400, —Cotton fu- ie of 7 0 10 20 (A —Cot- STEEL OUTPUT GROWS. NEW' YORK, August 20 (). —Sub- sidiaries of the United States Steel Corporation are operating this week close to 73 per cent of capacity com- pared with the low of 61 per cent early last month. New business is reported to be still below the volume of ship- ments, although demand is better, in- creasing operations being due largely 1t is said, to active specifying agains old contracts. Prices of steel products VANCIAL. BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. NEW YORK, August 20.—Oil stocks absorbed a good deal of speculative in- Iterest in the operations on the curb exchange today. This class of stocks had showed signs of recovery late Wednesday, and the tmprovement was extended today following the estimates of the American Petroleum Institute, which disclosed a falling off of 21,450 barrels daily on domestic crude out- put during the week ended August 15. Magnolia Petroleum at 140, com- pared with the previous final of 1383, 1 ial buying came into the mar- or Standard of New York, and ible. It was evident that a’ good deal of the buying represented cover- ing of short contracts, but at the time new commitments were being made on the long side on belief that the oils were now coming into their own. Moto Meter, a recent addition to Follow- bonds and New York NEW YORK, ing is' an official stocks traded in Curb Market today BONDS, August list of on the Sales in thousands 1 Allied Pack_ 8% 33 Am Gas & E1 68 Am Pow & Lt s Ao G & E tis BAsio Sim H 6% FAUG 10 Al Fruit 8a 1Bell T Can unk 6148 Corp_58 Jor 5ba8. 23ER2RRETEEE T AR For Spgn v‘: he "7 Ohio Pow 5w B.. FOREIG) ine Mont S 7s tv Cologne Bls Tent Con EV 0%8 alian Puv L L' DomamoRD 323832 L PR oo Fried L ! v Santa Fe Prov. Up Aus, 1 Re Per § ¥ 4 2P (Ltd) 78 § 1Tokio EI Lt 0s .. 98% 0% alexin STANDARD OIL ISSUES 60 Anglo Am Oil 100 Atl' Lobos 00 Atl T 20 Bu 8800 Cot 100 G 110 Cumberiand B L. 800 Gal Six Oil 4200 Humble Oil & R _8 RO P L - 13 1600 Imp O Can’ hew. . 10 Indiana P L. 5300 Inter Pet C' Ltd inolia Pet.. . ansit . 70 Northern P L 400 Onio 011 ) South Penn Oil. 10 {outhern P L 403 O Nebraska . 23 20008 ON Y.... 0 Ohio 1500 Vacuum Oii Washington Stock Exchange SALES. Gas 6s '33—$400 at 102, Elee. com—10 at 10 at’T52 10 at & 50 “v 19 ce. ‘ptd e oo ae B5H. E e T AFTER CALL. Washington Gas 6 '33—$500 at Gt raciion Ge 5500 at B0 $500 + 2 Vashineton Gas 55—$1.000 at 100. American Security & Trilt Co.—d & 350, Washington Rwy. & Elec. come—sg ai 155, 20 at 155, Money—Call loans, 5 and 6 per cent, Bid and Asked Prices. BONDS. PUBLIC UTILITY. American Tel. & Telga. 4s American Tel. & Telga.' & Am. Tel. & Tel. ctl. tr. bs. Anscostia & Potomac s, ‘Ana. & Potomac guar. 6s.. C.'& P. Telephone 58 C. & P Telephone of V Capital Traction R. R. City & Suburban 58 Genrgetown Gas 1st 5a, Potomae Elec. 1st Elec. con: 88 Washington $2,000 at 103 Washingion 50. 5 at 15 53. 10 at 164, 53, W 2 o [ 5550ro0b00505 SRR ) AR w ot . m. ansh ‘Alex. & Mt. Ver. 5s. Wash.. Alex. & Mt. [a3¢ Wash . Balt. & Annnn Bs.. Wisnington Gan b Wathington Gas 6a 1 Vi mglun R\AE & Elec. 4s. fec. gen. 6. 1024 MISCELLANEOUS. C. Paper. Co. 6. gnl Joint Stock L'd BK. Bs. Riticd Realty (long) be Rikxs Realty (short) 5 ihern Bidg, 6 W Mt o1 Storao 8. Wardman Park Hotel 6s.. . STOCKS PUBLIC UTILITY. American Tel. & Telga.. . fital Traction.. . .. S50 Norfol & ¥ Yash BYY- & Heo oid.s Terminal Taxi com... . oo b oRRBDOE SISRE3S B RRR Commercial District 53335 & Loty tocomn National Metr Rk o . i Badk of Washington TRUST COMPANY. ican Security & Trust Trus 3633; Am Cont .mm._\ Me Wadh. Loan & fruist..! SAVINGS BANX Commeree & Savings. st Washinglon . arity Savings & Com, 325 2 28988 33558 Washington Mechal FIRE INSURANG] American . “nse % 8 1 fed States .. 34 E. aoGs S88a TITLE INSURANCE. Columbia Title.. . Real Eetate Titie. MISCELLANEOUS. D. C. Paper pfd..... Merchants' Trans. & § - S5 B #how a tenden: to sag. Plates have been sold at $1.75 per 100 pounds and bars at $1.85, these quotations repre- senting a decline of $1 a ton from this week’s official levels and $3 a ton from, Jast. week's.prices. 3 ST Moo tavertcra: 0ld Dutch erke( 1d. Lanston M e 88 LRy THE NEW YORK CURB MARKET Al Received by Private Wire Direct to The Star Office the list, attracted attention when it went into new high ground around 401, where it compared with 38%, the figure at which it was offered for pub- lic subscription. The rise appeared to be due to the fact that selling which had been coming from people who had subscribed with the intention of taking a “quick profit " had now been completed and the way was open for higher prices. The market for public utilities did little either way but Western Power was an exception and was bid up 3 points when it sold at 66%. With the copper metal now firmly estab- lished at 14% cents a pound, copper stocks were disposed to go higher The selling which again came into Kay Copper, however, was due to special causes. It is understood that interests that had been in on the original offer were forced to liquida- tion of their holding of Kay Copper to protect thelr accounts PENDENT OIL STOCKS in hundreds. . 0. 15 Am Maracaibo € 2 = o SaedlremalnE8am T EORRSEEE FE SIS REEE 3 EBEn oL Peer Oil Corp Peanokc Ol Corp. i o Roval Can 0 & R Ryan Con. Am’ Rayon Prod m Superpow B tm & Co B v Armour & Co Asso Gas & A G&W I Rts wi 1 1 Boissonnault G C . 2THord & € new Spkive City' R R 1 Brown & Wmn B 3 Bueyrus Co 4 Burr A M n' ptd 106 * mpb Soup pfd 110 1 Can D GA new 343 8 Car Light .. % Carolina P & L 35 Celluloid_C pfd.. Clove Atte pfd. Comwith P € pid ommw] P C new Comwlith P rts.. 100 Comwlth P C war 30 Cons G Balt new | “ontl Bak pfd “uba Co : 7 Dubllier C & R m 1Dav Chem vie. a 38 Durant Mot 5 Duz Co A o Duz Co A v Y n ‘bt 104 24 El Bd & i I 6 El Invest Inc cure C: Puh Serv. ireka Vacuum AT Telektaph etd Metals T 13 Fed Mot Truck LI Film Tnspect M Eord Mot Co Can 483 2% Fox 3 Frank HH MG 1 Freed e R € 105 208 1 Gen Ice Cream. 28Gen G&E new A ¥ Gen COE now B L'Pow & R Slen” Alden ‘Coal 13 ) Goodyear Tire T. ) Gould Coupler A! Grennan_ Bak & -n..nnm R sDABARL b L AR e B BEEERERT 2, 51 FERE B ¥ PESEE R OPRA & Hardart.. 1 Ier &margans 21Intl Coner Ind €, 1 Intl Match C pf. 68 Intern Util B 15 Kelvinator C . 1 Kraft_Cheese 1Leh Pow sec vie 1] val Coal. e RE B PR otion Pic Cap C B Muhm\k Val nw. Moto Meter A unicipal Service ercu Bk V Aus at' Fire Proof Rintaiek SRR HIPRE -t P e o » SC G o5 s e T DI -0l PPy LR RNt ce PR R P R R Sttt Qutlet Co 19 Pathe Ex B i 80% # Benn W 'Pow Co171% 14 Power Corp N Y 6Pratt & Lamb C 1 Brophylac” Brush 2 Purlty Bak 'B. yrene M1g 18 Reo Mot . 51 Serv El Co . e 2233335 ¥ [rrear— FESEAE X B2DITE 1900k b1 1D D0 REEMP oo TR b PR Sou Cities Uil Sou_Cit Util pfd Stand £ &% SRS AR E ptio e FF ") Fermica Rad ¢ 2Thomp RC v e o Thbize AS B vie 1 28 Dalon® Abie” I R Ty s 1019 3 =3 293 i 2 ~ coioad & s u:...i’.’i?—’fia%»»-m—:com:a:pa;:mau,«.q @ Wayne Coal Wils & Co new’ wi Wils Co A nw wi Wils Co nw pt wi MINING STOCKS. 50 Ariz Globe Cop. 40 Butte & Weat 14 Canario Coj 3 Cons Cop_ M : 1 Gl Botd 28 Eng Gld M Lid T 571/. %0 Eureka C -0 Goldn Cent Mines 50 Hawthorne M L. EROEE S0 FEE SRR PR SRR TR e iz SUERERIEEn ST FRE SRR ey i et T e Py o e £ l< ez S0 S5~ S35 AR R P s 1Wh R M Spr new 61 Kav Conper Corp 2 Midland Steel .. o id Teck Hughes 7 Tono Belmont . § Tonopah Ext 2 Tono Min s F ah Apex Venden ' Conper.; hi Knob Cop f e What Experts Buy. Trained investors always buy se- curities that have & substantial loan value. One of the surest methods of determining the value of any stock 1s to seek a loan on it. If your banker declines to consider it as collateral you can rest assured its marketability does not amount to much. RS E L BEHBn S50 2855 ® 5 ———— SAN ANGELO, Tex., August 20.— Eight thousand yearling muttons have been shipped from here to Iowa, Illi- nois and Indiana in the last 10 days for corn feeding. About 50,000 sheep have been sold to Middle West buy- ers since June lo about the usual Fall [ ness durin EVENING STAR, WASHINGTON, D. €, THURSDAY, MODERATE SUPPLY EAPERTS FORECAST i |t e Tgeeesssemereeey AGTIVE FALL TRADE Chicago Business Men Pre- dict Excellent Merchandising Conditions in Early Future. By the Associated Press CHICAGO, Aug business, a probable incr volume, and excellent general mer- chandising conditions were forecast for this Fall by three Chicago busi ness experts. George M. Rey nolds, chairman of the board of the Continental and Commercial National Bank; Samuel O. Dunn, editor of | Rallway Age, and James Simpson, president of Marshall Field & Co., made statements. “Business is more active than 1 year,” sald Mr. Reynolds. “Figures for carloadings, bank debits and manu facturing shows this. Moreo “ feeling of confidence now exists. The farming situation again is favorable, generally as to production and certain Iy as to price. ith such a prospect, we natural- iy want to know the outlook for the banks and the money market 20.—More active se in freight Adequate Credit Assured. “I see no reason to worry about any credit stringency. The ration of loans to deposits for member banks is low enough to indicate adequate credit Alarm over large investment holdings is unnecessary. There may be some liquidation of securities to meet sea- sonal demands, but commercial banks will have no trouble and reserve banks are in a strong position to help. “As to money rates, I expect just ease. The de- mand for money will work in this di°| rection.” Mr. Dunn sald: “Present indications are that railroad freight business dur- ing the rest of the year will be as large as, and, in fact, in most parts of the country, larger than it ever has been in the last one-third of any pre- vious vear. The weekly carloadings re- cently have exceeded those of corre- sponding weeks of 1924 and 1923. They are not an exact measure of &hip- ments, but analysis of the statistics of loadings shows that the actual num ber of tons of freight being shipped is substantially larger than a year ago, and approximately the same .as in 1923, the record year. “There are several good reason for believing that the increase in ship- ments will continue. Total freight busi any period depends upon general business conditions, upon coal shipments and upon the crops. “Freight business promises to break records in most sections, but this can- not be said of the Central, Western and Northwestern parts of the coun- try, because of the Panama Canal competition and other causes.” Merchandising “Excellent.” “In our judgment,” said Mr. Simp- son, “general merchandising condi tions are excellent. “The crop condition of the is excellent and the purchasing pow er of the country, great as it is at the moment, promises to be even better for the rest of the yvear. “Our own business shows a healthy gain in volume of distribution over the same perigd of a vear ago and we anticipate that "distribution for the rest of the year will show an even larger gain than for the period up to date Retailers’ stocks low, and while they have anticipated their Fall requirements to a greater | extent than in the last two seasons, | we believe that the demands to be made upon them will compel frequent trips to market to replenish their | stocks.” DISCOUNT UNCHANGED. Bank of England’s Failure to Re- duce Rate Hits London. LONDON, August 20 (#).—Frank disappointment was expressed on the stock exchange this morning when the indicator marked no reduction in the disconnt rate of the Bank of Eng- land. Almost equal surprise was shown in the money market, where it is considered, however, that the' “ountry are’ comparativy change is only being withheld tem- | | porarily. It is believed the authorities adopt- ed the precautionary measure of re- taining the 43 per cent rate because | of yesterday’s sale of more tha £500,000 in gold, making the net| efflux of this metal for the week | £250,000. MINE DECLARES DIVIDEND VALUMET, Mich., August 20 (®).— Directors of the Calumet and Ari- zona Mining Co. has declared a quar- terly dividend of 25 cents a share. The dividend is payable September record, September 4. WE WILL SELL Wardman Mtg. & Dis. Corp. units. Union, Discount Co. unit Biz Veln Anthracie bo Big Veln Anthracite com. Hare & Chase pref. MEHLMAN & CO. 1319 F St. N.W. International Bldg. PHONE MAIN 8847. REAL ESTATE LOANS 53% sl R s BUSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT LINVh TMENT BLDG. Main 9392 You can start with $10 to get 7% JE VEN though you have only a little money to invest, you can get 7% interest with the proven safety of Smith Bonds. The F. H. Smith Company is serving hundreds of men and women who started by investing as little as $10 a month. 7% First Mortgage Bonds, in de- dominations of $100, $500 and $1,000, may be bought by pay- ments extended over 10 months. Every payment earns 7%. Send your name and add:ess on this advertisement for our booklet, to Build an Independent Income." No Loss to Any Investor in 52 Years The F. H. Smith Co. _Founded 1873 815 Fifteenth Street--Main 6464 New York Washington, D. C, Pittsburgh Minneapolis FEDERAL-AMERICAN NATIONAL BANK 'AUGUST 20, 1925. Secured by first deed of trust on real Prevailing interest and commission. 420 Wash. L. & Trust Joseph 1. Weller 35 W5k & & N RESOURCES, $14,000,000 1315 F Street JOHN POOLE, Presidens Real Estate Loans 1st and 2nd Trusts ON IMPROVED PROPERTY APPLICATIONS INVITED QUICK SERVICE CONSTRU 10N LOANS N. L. Sansbury Co., Inc. 1418 Eye St. Main 5904-5 For Investors | 7% First Mortgage Notes Denominations of $100 and Up— All Details Given Prompt Attention | | See Mr. O’Donnell, Mgr., | Mortgage Department { CAFRITZ COMPANY First Mortgage Notes— Secured by Improved Real Estate In Washington Worth Double The Amount Of the Loan— Interest Rates Today 6% Per Cent— Denominations of $100 to $5,000— Partial Payments Received— Mortgage Investment Dept. HANNON - & LUCH 713 and 715 14th St. N.W. Main 2345 NANCIAL First Mortgage Notes For Sale In Denominations of $100; $250, $500, $1,000 637 Interest Secured on D. C. Real Estate Wm. H. Smmders Co., Inc., ed 1887 CKOSE NWL WANTED! SECOND TRUST NOTES Funds available for the pur- chase of all kinds of gecond trust red on D. C. or nearby Prompt action in Washington Investment and Transactions Co. 715 14th St. N.'W. ain 3662 FOR INVESTORS MORTGAGE NOTES IN CONVENIENT DENOMINATIONS ON IMPROVED PROPERTY in DISTRICT ov COLUMBIA H. L. RUST COMPANY 912 15th Street Main 6888 14th & K Main 9080 First Mortgage Notes fully secured on improved real estate in the Northwest section of the city. Denominations $100—8250—8500 WM. S. PHILLIPS, 1432 K St. N.W. Phone Main 4600 We Buy First and second trust real estate notes secured on in- come-producing real estate in Washington, D. C. Construction Loans Made —for long-time periods amounts up to $700,000. Real Estate Mortgage & Guaranty Corporation 26 Jackson Place N.W. Resources—$2,500,000 L. E. BREUNINGER, President in Association With Such a Bank as This —means added business prestige for you, as well as access to the most complete banking facili- ties available. The OLDEST National Bank in the District of Columbia will be pleased to serve YOU. 3% Paid on Savings National Metropolitan v Bank Years o1d Capital, Surplus & Undivided Profits, Over $1.800,000.00 15th St., opp. U.S. Treasury Offices for Rent SAUL BUILDING 925 15th St. N.W. A limited amount of desirable office space in the Saul Building is available for desirable tenants. mediate occupancy. Im- B. F. SAUL CO. Main 2100 925 15th St. N.W. The New York Life Insurance Company Offers to Make First Mortgage Loans on Improved Real Estate In the District of Columbia and Suburbs for 3, 5 or 10 Year Periods Houses Business Properties 5% ON APPROVED Apply Apartments Office Buildings % SECURITY RANDALL H. HAGNER & CGOMPANY .MOR'I‘GAGE LoaN GORRESPONDENT Drowsy Dollars DOLLARS that do not earn an adequate rate of interest are drowsing while they should be working. Analyze the work that your dollars are doing— are they earning 6 interest while affording you protection against loss? When invested in First Mortgage Notes pur- chased through Swartzell, Rheem & Hensey Company, your dollars are both safe and profit- ably engaged. For no Swartzell Rheem & Hensey investor has ever suffered loss—and Swartzell, Rheem & Hensey securities yield the attractive rate of 6%2% SWARTZELL.RHEEM & HENSEY Co. ==-—-727~/5fnmr AT ((dsthtD’lLD C. 56 Years Without Loss to An Investor Investments of the fathers approved by the sons How often it happens when an estate is set that complete and sudden shifting of the whole list of Edic o financial holdings. Reasons vary. Sometimes the sons feel that they are vastly better judges of invest- ments than their fathers were. More often, perhaps the change is justifiable because insufficient or re- But we have noticed in many instances called to our atte that the sons are glad to follow in their fathers' footsteps by i in Miller Bonds AND well they may! Interest and principal on the bonds bought by the fathers have been paid promptly and without fail. Today a painstaking survey of the whole field of securities would not reveal invest- ments combining to a greater degree ral retu with tried and tested security. An enviable record of never a loss to any investor. Interest up to 7 per cent. Normal federal income tax refunded. Various state taxes refunded or paid. Genuineness of each bond certified by a bank. Denominations of conve- nient size—$100, $500, $1000. Bonds with an unconditional and inde- pendent guarantee of principal and interest, available if desired. Each issue of Miller Bonds is secured by a first mortgage on an independently appraised office build- ing, hotel or apartment structure situated in pro- gressive localities the country over. The Miller Analytical Department is ready to help you security is turns unsatisfactory. tion, esting ‘The services of our Analytical Department are yours for the asking, and at no expense to you. This group of specialists will be glad to aid you in “weeding” the less desirable holdings from your investment list, and in advising you as to the correct type of investments to substitute for them. Remember that the Analytical Department is not a sales department, and that its services do not depend upon your being or becoming a customer of the Miller House. Send for Booklet 7232 G.L. MILLER & CO. Incomrenar 308 Phillips Bldg., Washington D. C. Home Office—30 East 42nd Street, New York City Offices and Representatives in Principal Cities NoO MILLER wdiics INVESTOR EVER LOST A DOLLAR IN BONDS