Evening Star Newspaper, August 22, 1925, Page 13

NING WASHINGTON, D. ., SATURDAY, AUGUST 92. 19%. UNCERTAIN PRICE MOVEMENT SHADOWS THE STOCK MARKET Week’s Review Shows Ga Levels Over Previous Week, But P.rerl_mtlons for Future Are Held Valueless. ; z STAR FARM DEPRESSION CLAIM 1S DOUBTED {Railway Age Hits Congress Resolution Relating to Agriculture Needs. FINANCIAL, INCREASE IN SALES OF LOGAL PRODYCE. 'THE EVE NEW YORK CURB MARKET Received Private Wire Direct to The Star Office Coal Car Loadings Increase. | BALTIMORE, August 23 (Special). | Resumption of soft-coal mining in | the territory served by the Baltimore and Ohio Rallroad has remulied in an s increase of 14.4 per cent In car load . ‘Sells ings for July bver the corresponding n in Average of Selling |;5od’n it ‘amd nearly 13 per cont {over the total for Jiine this year. The { gain shown by the Baltimare and Ohio last month exceaded that of anyv of |the leading roads serving the Alle | gheny district with the single excep tion of the Western Maryland, which | showed a 21.% per cent Increase. the largest | the Stock | Money to Loan Secured hy frat deed of trust on real estate. Prevailing interast and commission. Joseph 1. Weller §f & Trusk 000600000000 000% WANTED! SECOND TRUST NOTES Funds aval chase of all kinds of second t notes. secured on D. C. Prompt | new high for the vear at 7. Chapin Sacks was strong and active. There| The olls as a rule held well b ex-| Standard Ol of Indiana was slightl | lower but the selling in this and other prominent members of the petroleum group was unimportant. Among the low-priced ofls, Peer Oll was rathe . BY WILLIAM Special Dispatoh 10 The EW YORK, August ? were few features on the cn change today, and trading was dull More interast wax shown than ai any time in the paxt few days in Union Carbide and Chemical which was in- : fuenced by favorable prospects of its | active and strong. The public utili- battery business. Fox Kilms made a | ties were quiet. YORK, August —Follow- | MINING STOCKS is ar official it of bonds and| %3 Ganaro Oqp ... ¥, stocks traded in on the New York s‘pr:..,“?m‘c.u Lid'i a1 S e h 10 Euraka Croesns.. Curb Market todaye ¢ § e coiiing: a inieh HEFFERNAN. | Improved Weather Condi- tions Boon to Dealers—Am- ple Supplies of Vegetables. BY STUART P. WEST. Special Dispateh to The Star. NEW YORK. August 22 fusion in the price movement a disordered ‘state of mind characterized the share *list the | commodities in general, and especially last week. Kven after so great an of farm products, the Railway Age, in |advance as has occurred on the stock an editorial in its current issue, raises | exchange since the first of the vear, the question as to how the Interstate | predictions now regarding the imme: Commerce Commission can give effect [diate outlook for the speculative posi to the real purpose of the Hoch-S tion are 1seless. i resolution regarding readjustment Toward the close of the wéek' the | freight rates passed by Congress at its |average price level had heen raised last session. This resolution referred (10 73.36, as against 72.32, the average | to “the existing depression in agricul- |of the week hefore, representing a gain ture” and directed the commission to |of £1.04, the largest in nearly a year. effect “such lawful changes in the !'This brought the entire list up $10.89 MAN IN SUICIDE PACT HAS : . . LATE CHANGE DF MIND S oottt Fratany oot o 7l 1Y, Toaw Han hisle month: | common carriers of the products of | agriculture affected by the depression, Girl [ inciuding livestock.” ‘The resolution was passed in January. The Raflway Age calls attention to the fact that in July, 1925, the average wholesale price of farm products, as reported by the | Bureau of Labor Statistics. was 61.8 per cent higher than in 1913, hefore the war, while the average for all com- moditles was only 59.9 per cent’higher Conditions Then Existing. “At the time the resolution was passed,” says the Rallway Age, “the prices of farm products were not low as compared with those of most other commodities, but they had been rela tively low for a few yéhrs before, and the authors of the resolution evidently | believed that they would soon be low dmrin!u!l\ There were considerable fluc tuations in the prices of most com- modities during the first seven months of thix vear, but throughout the time since the Hoch iith resolution was | passed farm prices have held their | own with other prices. During these seven months the prices all com- modities averaged 588 per cent higher {than in 1913, and the prices of farm products 581 per cent higher “The Department of Agriculture publishes monthly statistics regarding the prices received by the producers at local farm markets for 15 of the most important products. These show that there have heen Increases within the greatest activity and galng have dbcurred in | Market again this week. The shares| on- | which have gone up the fastest and | and | } have | Washington Investment and Transactions Co. 715 14th St. N'W. Main 3662 0000000000000 7% - First_Mortgage Notes ions of $100 and Up— | Al Details Given Prompt Attention See Mr. O'Donnell, Mgr., Mortgage Department W 28 farthest have been chiefly of the type of General Electric and American Can. In comparison with the great num ber af listed {ssues, only # handful of stocks have really done anything re markable. The strength has. of rse. stimulated buying over a wide | range, but for-every stock in which | FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, Cool weather this morning In view of the prevalling prices of in a hoon to market bringing buyers out early and putting life business. ‘There was an appreciable |nc.-a.r shown in sales this morning sugged of vacation ists from their outings, deal and a further improvement proved dealers, 20 Hawthorne M 1 | 91 Kay Cop Cor ! 5N Zin 4 Nipissing % 40 Red ~ Warrior 60 Shaw Mines 2 Tono Min 5 Un Verde 29000000000 | b | the public has any financial interest and which advanced, there was un other which either vemained virtually stationary or lost ground Moreover, It s a question whether the “short interest,” which many say | exists today In Wall street. js as large as has heen estimated. Specu- | lative pools have beén verv husy with | their favorites, but even these a re view of the list will show to have undergone sharp recessions. fve of the return i 4 Rell T Can 10 Bath_Sten) M&SP n Serv Serv Serv i D Cit Sarv P& 1 Bk Con G _Bal Blus F 1 Cons Tex ACuba €o N 2 Cuban Tal Summer T nA B e v e ) US Cont ers stated i3 Wenden Cop President in the near future is expected. X Farmers succeeded garhering crops of fruits and vezetables after the rain yestarday morning. and wholesalers experienced no difficulty Retting ample supplies far the retail trade. Tomatoes were not quiie %o plentiful. it was reported. and priees avere greater than during the tme the market was glutied two or three weeks ago. | | | in 3 | 1 105 % i 02 11 1033 American Telephone & Telegraph Co. Bell System 144th Dividend The regular avarterls divide Dallara ‘and. Twenty Five Cent . are will ‘be mard on Thuradas (3 1025, Ta. steclholders of record &t the closs |- A iness oo Batargas. Sopioniber 10, 1958 . RLATR-SMITH Treasurer Past Experience No Guide, The experiénce of the past has failed as a guide to the present mar. ket.:and the arguments for and against A continuancé of the “bhull cam: paign. seem fairly well balanced. There is much doubt ahou the technical Wall Street position. which some peo- | ple consider weak and open to any {untavorable change in conditions of | the outside, but no such concern is|ress “has been on a conservative felt over the money market. which | basis, thus strengthening the pros. has afforded constant encouragement | Pects of jts continuance, and more or to those who have been working for | less expansion has orcuv_rrnd‘ in all higher prices. the principal . industries.”” Competi What slight stiffening there was ia | tion for orders, it adds, is keen {call money rates reflected the in-| The earliest traffic returns of the creasing demand for funds to finance | rallroads for the month of July were | the unprecedented speculative oper- highly satisfactory., and there isx rea-| ations in the Wall Straet market. %on to look for further increases in | The supply of capital for stock mar- net revenues in view of the present ket purposes, however, continues ' high rate of car loudings which have | pientiful. established new records for this time | Bank Reserve Ratio Undisturbed. | °f '°*" | Although this is the season when | the crop-moving requirements and the | normal expansion In trade are expect- ad to draw funds into the interior, the latest Federal Reserve report dis closed that institutions in various sec. | tions of the country were again lend- ers 4n the New York market. The weekly statement of the system as a | whole showed the reserve ratio had been scarcely disturbed, wh that of the New York bank was higher. Prices of investment securities were inclined upward. The improvement | was only moderate, but it was obvious | that the persistent ease in money was proving distinetly helpful to sentiment | in the bond market It is interesiing | Japanese Backs Out After Drowns—Decides Again and Cuts His Throat. Two Trade Reports Hold Favorable. The reports from the trade cen tralz. according 1o ihe week end mer cantile accounts. wer made favor able. Dun's Review states that prog Denomin Large Supplies on Ha S ¥ s 6o 8 ! | Large supplies of most other va rletles of vegetables were on hand at prices dealers considered reasonable. | and there was a big supply of canta loupes in eyiden Peaches, pears. grapes and other fruiis were on hand in supplies large cnough to meet the demand The butter tinued fivm, while slightly cheaper than week. Meat prices as earlier in the week TOKIO, July 22.—Another shinju” is attracting considerable at- tention in the Japanese newspapers. | “Shinju” is a word meaning lhe‘l double suicide of lovers whose future seems hopeless. In the recent trag- edy the “man in the case” was Shin- taro Kitazato, son of and heir of Dr. Raropn Kitazato famous Japanese physician and inventor. Young Kita- 7ato. did not succeed in his attempt to end his life, but the girl, & beau- tiful geisha, was found dead. The body of Kitazato was covered by a fisherman in 1 | Chuzenji with several gashes in throat, which later proved not to be | serious. The would-be suicide told the police he had fallen in. love with ‘a geisha and that hecause he was already married they decided com- mit “shinju.” Aecording to the young man, they tied themselves together and threw themselves into the deepest waters of the lake, where the girl | soon succumbed. Kitazato, howeve decided «t_the last moment he did not wish to die and, struggling despér- ately, succeeded in untying himself Ifrom’ the geisha. He sald he man- uged o swim to shallow water, but when there, overcome with remorse, and feeling that he was in duty bound T Pe € e to mccomplish “shinju.” he siashed his | 200 Magnplia Pet b | throat with a pocketknife | 100 Nat Transit 2 2 H i gun B AMERICAN CONCERN GETS HUGE GREEK CONTRACT | Satoniki Drainage Project to Cost Millions Will Reclaim 400 Square Kilometers of Land. | | | I | | " 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. i a7 02 CAFRITZ COMPANY B 6 'S BUD Ae - S Rub G3n TS Rub AN * S Rub 61l 30 acuum Oil 5 Wahater Mif 813 FOREIG Ipina Mont $ iy " Rerlin 615 Gy Graz 8w Est R 'R Fran French Nat 7a 5 King Denm 81y Rrimo Fried 1. Mot Bl Den Prov Santa Fe Prov Tn Aust S0 & Co On Swies: Got Tono £ P Ltd market poultry this time were the con- last same and egg Prompt Action First Mortgage Loans First and second trust real estate notes secured on in- come-producing real estate in Washington, D. C. Today’s Wholesale: Prices. Rutter—Fancy, tub, 49 atore packed. 29a31. FREs—Faney selected average receipis, 34 Poultry — Alive — Spring chickens, large, 30a31: small, 28: heavy fowls 26 medium fowls, 23a24: smajl fowls, 18a20; ducks, 20a keats, 40873 turkevs, 11a12: geese, 12a15. Dressed —Spring chickens, large small, 33; turkeys, 30; ducks, 20; geese, 15. Live stock—('alves, 11al1l: lambs, Spring, 1315a14: hogs. 15 Meat—Beef, 17a18; veal, 15: lambs, 30a hogs, 2115a2 36a3%: smoked shoulder, 20a 30a32. prints, 52 Irregularity in Metals. Copper metal is very close to the 15-cent lavel, and other non-ferrous | metals have risen to the highest in By 1 vears. On the other hand the average prices of steel products | remain below what it was in 1924 Plant operations have bheen expand ing, but the small profit margin has offset them. The buying of the steel stocks this week under the lead of United States | Steel common, was somewhat in the | shape of & discounting movement and 4t the same time might have been a maneuve on the part of professionals | to . help _sustain interest when it showed signs of lessening. Thomas J. Fisher & Company, Inc. 1 1 . candled, 35a| 1 7a ___738 15th Street == Construction Loans Made —for long - time__pe: amounts up to $§700,000. Real Estate Mortgage & Guaranty Corporation 26 Jackson Place N.W. Resources—$2,500,000 L. E. BREUNINGER, President ' First Mortgage Notes Northwest residential erty—very best location Limited amount available at this attractive interest r Ask for Mr. McKEEVER & GOSS Realtors 1415 K St. N.W Main 4752 SCANDARD OIL ISSU prop- in a4l Spring pi1] loins. hams, Humhie 200 Imp O Can new Fruits and Vegetables. 300 Cantaloupes —Supplies heavy, de- mand moderate, market dull Call fornia, Turloek section. Salmon Tints, standards, 45s, 1.00a1.25: jumbos, 45s, 1.25a1.50; homegrown. bushel crates, | varions varietles, bhest, mostly 1.00:1 few low as 50 cents. Grapes—Homegrown receipts mod drate: demand moderate; market fair: Iy steady: homegrown & hasket- craies, Delaware's best, 2.00a2.50; Ni- agaras, 1.75a2.00. Lettuce-—Supplies ltheral: demand light: market steady: New. York, 2| dozen crates, big Boston type, 80as5, | moatly 75 | Onions. light; observe where Debt Funding Helps Exchange. ‘The immediate effect of the foreign | debt funding activities was to brinz labout a partial recovery in Belgian |and French exchanges. Also the dol | 1ar bonds of these countries heid their recent gains. The bond market was | looking the possibility of further succesaful funding operations in con | nection with the international debis | which it was thought, would resuit in A better market for fareign loans, with an accompanying rise in the prices of outstanding foreign -issues in this { market Another reduction in the note circ lation and a decrease of over 34,000, 900 francs in advances to the state were the features of the weekly state- ment of the Bank of France. Ad | vances 1o the stats now stand a little less than 4,000,000 francs below the legal limit voied by the French par liament last June. These develop ments might have had as much to do | with_the improvement in the market for French exchange as did the pros pects of debt negotiations. At any rate, the franc and other continental { currencies did hetter in the New York market. TRADE OUTLOOK REVIEW. Dun’s Regards Week's Reports on Business Encouraging. NEW YORK. August 22 (P).—Dun's will. sav today Esch week's reports.bring out more clearly the fact that most phases of the. husiness situation are favorable. | Encourazement . has heen derived from results this Summer which | {have been better on the whole than was anticipated, and the confident | tone of dispatches from leading trade centers iz a distinguishing feature. ! Progress has been on a conservati basis, thus strengthening the pros- ipects of its continuance, and more or {less sxpansion has occurred in all of | the principal industries. The gain is the more significant, because it hs come al a time of the vear when an opposite tendency would not seem | unnatural, while conditions are more stable now, and the outlook is more 1 bromising than Kas heen the case for |a long period. Competition for or- ders is keen, and there continues tc be complaint of small profit margins in some important lines, as in steel South Penn’ 0il A0 Southern P 1. 28003 0 Ind 100 5.0 B0O0S O XY 40 Swan & Finch 300 Vacuum 01l | I Sales INDEPENDENT OIL STOCKS in hd . #'Am Maracaibo C 9% 4 Brit-Con O fida 11 Carib Synd 8Cit Serv nw The Prudence Company, Inc. of New York | t | 1 1 1 1 Frid 0il et aga Pet eer Ol Cor Supplies moderate: demand market slightly weaker: New York. 100-1b. sacks yellows. L. S. No. 1. 3.00a3.50; some fair quality, 2.75; Massachusetts, 100-1h. sacks, vellow, U. S. No. 1, 3,50a3.75. Peaches—Supplies limited: demand moderate; market steady: Delaware, Pennsylvania bushel basket. Flbertas large size, 3.25a3. mostly around | 3.50: Delaware, bushel haskets. Hales, | large to very large sizes, 4.00a4.50; | New Jersey. sixes, Belles, medium to large sizes. poor pack. 3.00a3.25. Market Fairly. Steady. Potatoes—Sipplies ~modera mand moderate; market fairly steady New Jersev. 150-pound sacks, Irish| cobblers, U, 8. No. 1. 4.2524.50: glants few sales, 4.00a4.25: Pennsyivania, 150. | pound sacks, round whites, U, 8., No. 1, few sales. 4.50 Melons slow Invites Applications for & 5T Prod Construction Loans Long-Term Refinancing Amounts of $50,000 and over FRED T. NESBIT Loan Correspondent Investment Bldg. Main 9392 INDUSTRIAL: 1 Adiron Pw s ptd 100 1Am L & Trae . 217 3Am Po'k 2 M Swoern B Ao Gas & 2'Atl_Fruit TAG & W Irtawi § Hord & C new 4 pora & 687 16 Bkilvn City R R 2 Bucyzas Co Can'D Gn A new Car Lignt.> . Tov Centrif " Pip Cor & Chapin_ Sacks Co N B T e “Alto 16 Com S new 21 Conn G Bal new 1% Contl Bak. A I 3 | 33conu Bak Bl i 46 % | Supplies moderate, demand | Dubilier € & & | account weather Dock sales | 1 - - % = inia. bulk, per 100 melons. Excells | Bt ot Pom Watsons, selects, 40.00a50.00, ¥ Inyest Inc Apples—Supplies heavy. demand | Jaed Mataln T.. moderate: marker steady. Virginia. | R e Marvland, bushel haskets. var | rietfes, madium (o large sizes. 1.00a | 1.50: small size, 50a75: large size, fine | quality and condtilon, 1.75a2.% | Green corn—Home-grown: supplies | lheral, demand good: market firm Homegrowns, 5.dozen - bag, 15120 | Aozen | Tomatoes liberal slightly b PR de ROCKVILLE. ROCKVILLE, Md., August 22 (Spe-| S The New York Life Insurance Company Offers to Make PE S - mmmflmmfif First Mortgage Loans X s on Improved Real Estate supphies | market | 1 3 Homegrown demand moderate weaker. Homegrowns el hampers. 75a1.00. few 1 Sweet potatoes—Supplies liberai, de- mand moderate; market dull. North Carolina, cloth-top stave barrels, vei. ! low varieties, No. 1. 4.0043.00, mostly aroynd 4.50. AR In the SPE Oy, SESRNSLIELUCECT T Intern Util Johna-Manville . om S o ettt AP o ieb et District of Columbia and Suburbs for 3, 5 or 10 Year Periods Rains Benefit Texas. In Texas, on the other hand, rains Ihave benefited range and crop con- "di(iuns, In the Northwest and ‘nol'!he!'ll Middlewest, damage &€rom Re- | Storms was reported. Demand has not been checked, and the temporary stricted by Uncertainty as to [halt to manufacture does not mean | 2nd fextiles, vet the main trend of - &ln‘i of sales s0o much as delay in de- | Prices in other commodities than foodstuffs is still toward higher levels | liveries. i IR A e Bus manufacture received addi- | And there is no general disposition asoc !among buvers te defer commitments Sl o 1 momentum through the order NEW YORK. August The cot- | Hon2 2 > in the expectation of obtaining con- ton market heérs has been very quier | Placed by the Santa Fe Railroad for |7 1he ® ng con WEEK’S COTTO;U MARKET WAS VOID OF FEATURES ‘Trading Quiet and Sales FFFE £F Houses Business Properties Apartments Office Buildings 5%% o otometer > Music Master WHEAT OUTPUT ESTIMATE. The Departmeni of poris that wheat produetton in 22 countries on Augusi 19 was estl mated at 2.222.000,000 bushels. against 2.156.000.000 bushels for the same countries lasi year. The countries, | the depariment said. represent 72 per P =3 Azriculture re. il Pt Government Crop Report. 5 the last year in the prices received by the farmers for 13 of these products. Untll comparatively recently there was complaint that while the prices of some farm products had increased those of livestock were still low. The statistics regarding the prices of live stock ate, therefore. especially signifi- cant. Beiween .uly, 1924, and July, | 1925, the average price paid at local | farm markets for beef cattle advanced | from $5.85 to $6.55 per 100 pounds | 16 per cent: hogs, from $6.60 to § | { or 82 per cent: veal calves from $7.88 | 10 $8.65, or almost 10 per cent; lambs, which already were high, from $10.50 } to $11.71, or almost 15 per cent {Seipootit s b alasiulpdirn ¢ Not a New Proposal. ATHENS, July One of the | e proposition that freight rates R most important contracis awarded by by 3 The Grock xovernment In (hal given | br (45 Products snould be made ev | [rog, Steel and Textiles to American and British capitalists | DECIIY 10W becaune the prices of farm | faChntlY for Jmprovements In the Sa |11 "was energeticallv exnioited in e | Handicapped, But Plants Re- for the abolishment of lakes in that | Braln-rate case decided ne the Inter | ord iof {district_and for changing the course - s el i g - of the Vardar River. In Macedonia {1921, when the commission, largely port rders Satisfactory It is-expected that the work wheniDfcaute the prices of farm products — completed” will result In. Jmproved | WeTe low, ordered the rates on grain EORR ¢t hoalth conditions g the enmproved | reduced. In Décember. 1921, the aver BY J. C. ROVLE. trict by the removai of the sources of | #8¢ Wholesale price of farm products. | ¢ .ciai Dispateh to The Star malaria and that 400 square kilo: | 2% reported by the Bureau of lLabor| ] S - meters of land will have been re.|Statisiics. was only 20 per cent higher| NEW YORK, August The elaimed. - The sinount of capital -rg.| than .in-1913. in July, i It was | weather has plaved a most important i be furnished by the Americant ang |30 Per cent higher than'in 183, This|role'in the buainess and industrisl Britains is said to be $26,000,000. Tha | W43 #n advance of 1213 per cent since | situation of the country this week. - contract Was signed for American in.jthe reduction of rates on farm prod-| Plants engaged in the production of | | terests by Franklin Remingtan, presi } ts had been made. In July, 1924, it | iron. steel, textiles, brick, furniture | dent of the New York Foundation Co.| Wa% 41 per cent higher than in 1913.1and other products in the Southeast | an advance since December, 1921, of | have had curtall opeations owing {171 per cent. In July, 1925, the last to low water in the streams and a month for which figures are svailable. | shortage of hydro-electric power. The it was 62 per cent higher than in 1913, planis were polled at the instance of an ncrease of about 35 per cent since | the Georgia Railway and Power Co. freight rates were reduced ai the be-|a link in the big power.chain of that ginning of 1922 section, and reported unanimously ciall—Mrs, Mav Cookson Davis, wife| Since the relations between prices ! that they had sufficient orders on their of John D. Davis, died late Thursday | Senerally have been restored close to ! hooks te keep the plants running at night 'at her home at Washington | What they were before the war there ! capacity for the next two months, Grove, this county, aged 59 years Her| 1S Do reason for believing that the | with no indications of curtailment death’ was due to paralysis, with | Present level ‘and relations of prices | through the third quarter. Which she was stricken two davs be. | A€ merely temporary. Furthermore.| None the less, it has been necessary fore. The funeral fook place thix| {here I8 no reason for believing that|to ration them as to power. Street morning from the home, burfal baing | [1° Present costs of rallroad opera-|car schedules in Georgla have heen at Frederick. Md. Mrs. Davis, wha| 108 are temparary. If the theory that | rediced in all cities and fn some mu- Was before har marriage s Miss Cook, | T4leS should he’ based upon prices | nicipalities are approaching the mini aom. was a native of Frederick Couaty. | Should he applied. then the advance in [ mum. Cotton. the hardiest of all dry- Recelving a “tip" that a large quan.| "a1e< in Western territory on most | weather plants, is being damaged in Ftity of ‘whisky had been stored in a) Commodities. and especially on farm | parts of the itheastern belt and barn on & farm near Burtonsville; Products. would be much greater than | fears are felt for the “top crop™ this When an automabile In which 1t was| he © per cent for which the rallways | Fall. _Similar_conditions prevail in Relng- transpotted trom Halthnore o] 2re asking | Southern States east of the Sisafy. Washington became disabled, Sheriff | stepl | Clay Plummer detailed Policemen Roy Bodmer and Guy Jones to keep an| eye on the building and arrest who: | ever came for the liguor. Two young | Washingtonians, who gave their | names as Panl Robertson and Alfred | Mehle soon drove up and were placed. under arrest on charges of | having intoxicating lquor in thelr | possession with the intention of sell- ing it. They were released on bond for their appearance in court next week They claimed: that they had no interest in the liquor. cant of the warld crop ontside of Rus. sia .and China COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY BOSTON, August State authori ties are urging the public to increase the use of fresh vegetahles (o prevent further collapse in prices. Sweet corn which sold at $2 bushel St vear, is 30 to 75 cents: formeriy $2 10 $3 a box, at $1.25, and encumbers, formerly bhox, at $1 or less. FRESNO. (alif. entimated San Jloaquin Valley raisin growera will receive well ahove $10,- NO0.000 in advance upon delivery their erops 1o the association. Pay- menta will range from 11 to 415 cents per pound AKRON. Ohio. priced at $t a Augsi It Augst 22 Rubber factories are just beginning to catch up with orders. They are operating “lose to capacity and production is ex- pected 1o continue heavy DULUTH, Augst Hard coal re ‘eipts at the head of the lakes up to this month amounted to 676,000 tons. No -hardship is anticipated in the Northwest In the event of an anthra cite strike, the bituminous supply ba- ing large. NEW ORLEANS, Augst There has been a greatly increased move. ment of cotton throush thix port. ow. ing-to heavy production in Mississippl Valley States. The Emergency Fleet Corporation has assigned 20 extra ves: selg to Gulf ports, a larze part of which will come here. PHILADELPHIA, Augst The worsted varn market ls improving xteadily. The men’s worsted openings have already resulted In the placing of increased orders, although many lines are not vet opened. TOUNGSTOWN, August Steel- makers through the Mahoning Valley are laying plans for heavy business in the Fall and report that they are giv- ing considerable attention to efforts to cut down local and State taxes and obtain more equitable freight rates. Query the Prom Detérmine how much of his own monéy the promoter is putting Intp heme before you decide to risk yours. make him prove it, tomatoes, | 40 cents 10 | | '* | tions have been disturbed by recent of | | | { { | l G & Imp €o L Lt & Pw & 13 & H pt Iic EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Building and lLoan Problems. Rome of my asted correspondents inter in building and loan -associa- developments involving some 17 sociations in Philadelphia. Thera is no reason for anxiety as far as the average building and loan associa- tlon {s concerped. The principle is sound and the practice is almost uni- tormly conservative There , however, differences in the laws of the various States regu- lating buflding and loan associations as well as differences In the degree of oversight by the State. There is no way to prevent Individual cases of abuse in any financlal system, and now and then one or more of Lhese crop out, even though the record as u whole is eminently reassuring. If ft were possible, a uniform law regulating building and loan associ tion procedure throughout all States would be very helpful. mitting is difficult to defend. In this respect the New York State law and the New York State practice might well be taken as & model. Many other States have eually good laws, but not all of them. The building and is essentlally a shareholders and borrowers are' bet- ter protecied when they can have. personal acquaintance with and con- fidence in the officers that run Its affairs. This is entirely pogsible in the average small community. It you are not in a position to make this acquaintance at first hand, you ought to have assurances from sbme one who is. Generally your local banker can give you satisfactory in- formation_ about the status of assoclation in which you sring Investing and the experience and financial responsibilfty of the Per- loan association Don’t take his word for it— | men who run it. (Copsrisht. 19263 the | Joans on second mortgages local enterprise, and | the | are consld. | D. C. Couple Licensed. Licenses have been clerk of the Circuit issued by the Court here for the marriage of Andrew M. Gardner. | 21 vears old, and Miss Dorothy C. Deckner, 19 vears old, both of Wash- | ington; Herman C. Simpson, 21 vears old, and Miss Franees Phillips, 18 vears old, both of Leesburg, Va,: George Francis Michael. 2§ vears old of Washington. and Miss Mildred W. Harper,. 25 . vears old, of East St Louls, Mo. For violations of motor vehicle regulations, the following have paid fines or forfeited collaterals in th Police Court here: Willlam Jose, $27: William E. Smith, $14; Elver Cole and John Gentry, $12.50 each. Mrs. Mary E. Cissel, a native of this | county, died on Thursday at the home | of her sister, Mrs. Achsah Huguely, in Washington. She was within two days of heing 80 years of age. The funeral will take place this afternoon, birial to be in Glanwood Cemetery, Wash- ington. Mrs. Cissel was the widow of Thomas B. Cissel of this county, and ‘wag .a daughter of the late Samuel Cashell of Olney, this county. She leaves no children. The Bethesda team of the Montgom- ery County Base Ball League, which is away in the lead in the champion- ship race in that erganization, and the Scaggsville team of Howard County, said .to be one of the strongest ama- teur nines in the State, are scheduled te play at the fair here Tuesday after- noon. Westlake Answers Wife. William B. Westlake, proprietor of Dixie Tavern, Rockville, and at one time well known in financial circles of Washington, whose wife, Mrs. Agnes proceedings againet him in the Circuit Court here last week for an absolute divorce, charging Infidelity, and nam: ing & co-respondent. yesterda) his attorney, Albert M. Bouic, filed his answer, in which he denies ail of the important allegations of his wife's bill. The next step will be the taking of testimony before one of the exam- iners of the court, which will not be- gin, it is understood, for several weeks, Mr. Westlake has been making his home at Dixie Tavern for some time. OIL COMPANY DIVIDEND. FINDLAY. Ohio, - August 22 (#) | Directors of theOhio Oil €n. have de. clared a dividend of 50 cents a share, payable September 30 to record d August 29, €. Westlake of Washington, instituted | through:| | during the past week. Rearish sentl- ment hased upon the téndency to in. | crease estimates of the crop and ex- | pectations that the rapidly inereas ing_new crop movement will even- tually weigh down the markel has been very freely expressed. Selling on these view: however, has been re stricted by uncertainty as to the show ing of next Monday's vernment crop report. and toward the end of | the week there was some, nervousness over further crop progress owing to reports of excessively high tempera. tures in the South. It was apprehend- ed that these high temperatures might lead to more numerous reports of de. terloration in crop prospects in East. ern sections of the belt, while traders found little or nothing in the news to suggest an Improvement in con- ditions' over the droughty areas nf Texas. With nearly all the private midmonth erop reports pointing to an increase in the vield oulook s com. pared with end-July figures. how ever, bullish features failed {o pro. mote any general or aggressive de. mand and rallies from recent low. levels were attributed chiefly to. cov. ering. The new crop. movement . is increasing, reflecting the relatively | earliness of the crop, but. so far com. paratively little hedge selling has been reported here to augment the Supply of contracts. On the other hand, some trade buying has develop. €d on declines, particularly around the 233 cent level for December con- tracts, which, if anything, has had & tendency to promote short. covering in advance of the Government crop re--| port. - | b ——— ITALY’S TRADE RECORD. Adverse Balances, 1925, Compared With 1924 Statements. ROME, "August 22 (®).--Although Ttaly’s adverse balance of trade for | the first six months of 1925 was more than 3,000,000,000 lre greater than for the same period of 1924, the ad- verse balance for July, 1925, was 182, 000,000 less than that for July, 1924 Returns for July show that the month’s exports. in. 1925, were 568.. 000,000 lire greater than for the same month in 1924, reaching 1,408,000,000; while imports, amounting to 1,845,000, 000 lire were 378,000,000 more than in July..1924.. For the first seven months of 1925, Italy’s average monthly ad- verse trade halance was 976,000,000 lire, while imports averaged 2,406,000, 000 lire a month, ' !would welcome price advances, [to be vehicles (o cover routes over the scenic-and historical pertions of the Southwest, which will be offered jtourista next Spring as a part of their the Pa-| regular transportation to cific Coast. This is following along the lines now being generally adopt- ed by railroads as well as trolley lines, which have pulled the bus into { their short-haul business Instead of fighting bus competition. There has been no check to the |steady, if slow, advance in steel pro- duction, and most.producers feel that this fndustry 18" doing all that they expected of it at this season, They but not at the expense of curtaitment of sales. Gasoline Price Drop Continues. Gasoline price reductions continued reported from many widel separated territorfes. Strenuous de nial is made that price wars are in progress, but each initial reduction is followed closely by other .distribu- tors. The reasons assigned for the reduction by the main factors in the industry are_ large .stocks,. over { production of refined products, pass- ing of the peak of the, tourist season | and desire to reduce reserves. Addi. tional price cuts in automobiles hav served .only to stimulate sales, which are at a high level. 5 The stable condition of business through the country Is indicated by the activity of the paper box manu- facturers, who report a decided crease in sales. Twine also shows an increase of 10 to 15 per cent.. Re- tail department store business is fair, with satisfactory responses -to closing out sales of Summer mer- chandise. Show Steady Tmprovement. The mercantile plants which have adopted rayon as part of thelr raw materials. have shown steady im provement in “demand novel lines for the Spring of 1926 already have heen sold up and with- drawn. Lumber demand and erders are well above production. Lead is showing the result of consistent de- mand and_copper is in a position where producers feel safe in proceed- ing under advanced . production schedules. : The rubber manpfacturers. despite complaints as to crude prices, are busier than for many months and heavy additions to.plant capacity are planned .by - the Jarger companies. Wet weather Interfered with har. ng in the prairie provinces of . in- | and some | Textjle Pla BOSTON, of the Hamilton Manufacturing ( have called a special meeting stockholders for September.6 to d clde whether they wish to provi new capital or sell the property to pay its debt. 'of the actounts shows a shortage $972,748 in " previous estimates nt's Excess Debt. 686 in excess of quick assets. P Hamilton Co.’s mills are among t oldest of the textile manufacturi plants at Lowell. be shown anvthing can usually shown up, savs the Office Bo: Weekly bank clearings, $8,048,205.000 August 22 (#).—Directors company’s Their audit stock in process and a debt of $580,- It Is noticed that the man who can't of 6= ide MORTGAGE LoanN AN-1331 Connecticut Hoe nue; of of he ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY " GORRESPONDENT he ng Drowsy he OLLARS ‘that do A Way to . Keep Free of Investment Worries Buy our First Mort- gage Notes, which vield 6!4% and are secured upon at least a two-for-one hasis— and be free from all concern about the Safety of your money. Try us in any amount * firom $100 up—we've never lost a dollar for “aninvestor. Send for details to our Mortgage Investment Dept. HANNON- & LUCHS 713 & 715 14th St. N.W. Main 2345 D rate of interest are they earning 615 % Company, your dollars a ably engaged. the attractive rate of For no Swartzell, Hensey ipvutor has ever suffered Swartzell, Rheem & Hensey securitie® vield Dollars not earn an adequate are drowsing while they should be working. Analyze the work that your dollars are doing— interest while affording you protection against.loss? When invesited in First Mortgage Notes pur- chased through Swartzell, Rheem & Hensey re both safe and profit- Rheem & loss—and 612% R e e Cash ilg'ion.D.C. 56 Years W’i!ho;u‘ Foss to. An Investor. AR R I ) U AR i ) 1