Evening Star Newspaper, August 24, 1925, Page 17

FINANCIAL., PRICES HOLD FIRM AT CENTER MARKET - Chickens Up—Potatoes Are Cheaper—Eggs May Come Down Soon Ree 2. Dealers say sibility_that may affect +Should there Nowever, it prol and will not last Fresh western is assisting in keeping down Material change an. ticipated before storage are placed on the market, and even then, it is stated, prices may not come down. Many of the eggs from the nearby re not quite up to the stand- rding to some merchants, and it probably is because of this condi- tion, they say, that prices have not changed much in recent weeks. The butter market remains firm, ts stated, with no signs of thd meat and vegetable prices today Were substantially the sume as at the | a v et \ sli hl of Spring chick ther condi slight_pe the We: market in op in 1 be very sr egg L it in the price s was reported Today’s Wholesale Prices. candled elected 3 prices, | i | k received here, | prices | Stocks traded in on the a break, | | chickens, | heavy fowls 24: small fowls, 40a75; tur. Dressed— small, 33; 15. 18:420; keys, Spring turke: al12; geese, chickens, 1 30: ducks, rge 35: 20; geese Calv 11al1 4; hogs, 15. 17a18; veal hogs, smoked shoulder, Timbs, 38; rket report on fruits and wiled by the Market sureau of Azricultur: JEeonomics) says Apple wpplies liberal: demand niode narket steady: Virginia and Maryland, bushel buskets. various va- vieties. la size, 1.50a1 few hest Rumbos small to medium sizes, low as 50. Cantaloupes—Supplies libera mand moderate, market stead: ifornia, Turlock section, Salmon Tin sandard 458, 1.00a1.25: jumbo 2 1.50; Delaware, Hearts of Gold ndard and jumbo 36s, 1.75a2.25. Lettuce—Eastern: Supplies liberal demand light, market steady; New ¥York, 2-dozen crates, Big_Boston type. 60a1.00, mostly around 75. Western: No sales reported. Onjons—Supplies moderate; demand light, market fairly steady; New York, 100-pound sacks 8. No. 1, 3.25a3.50; some fair quality and con- dition, 2.50a2.7 Peaches — Supplies moderate; de- mand light, market firm: Pennsyl- vania, bushel baskets Elbertas, large size, 3.60a3.75; Delaware, bushel bas- kets Hales, very large size, 4.50; Maryland, bushel baskets Elbertas, large size, fair quality, 8.00a3.25. Potatoes Are Cheaper. Potatoes—Supplies liberal; demand moderate, market unsettled, slightly wealker; New Jersey, 150-pound sacks Irish Cobblers, U No. 1, 4 4.00 Watermelons—Supplies lberal; mand light, market dull; dock sale Yirginia, bulk, per 100 melons, E: cells and Tom Watsons, selects, 35.00a40.00. Green corn—Homegrown; *moderate, demand good, slightly stronger; homegrown, bags, 20c per doz. Tomatoes — Homegrown: liberal; demand light, Bomegrown, is-bushel 5, few 00 market hampers, 50a PEACH PACKING STARTS. SACRAMENTO, August 24 (Spe- —Five of the main packing| phants of the California Peach and Fig | @rowers’ Association have opened for receipt of peaches and will be operated part time. Produc- 1 this vear is estimated at 387,000 s, as compared with 320,000 last NEW STOCK OFFERING. | 86% NEW YORK, August 24 (#).—The growth of the rayon industry in the| United States is reflected in” the an- nouncement that bankers will offer shares of the Industrial Rayon ( cently incorporated in Delaware. l”ru| - cceds will be applied to the purchase of the Industrial Fiber Corporation. | NEW YORK. August 24 (#).—Plans tor financing the recent consolidation of the One-piece Bifocal Leus Cq. and everal other optical concerns will ike shape this week. Public offering | <ill be ms issue of 7 per cent lal notes of II: Continen tion, which was f the me con VERYMAN INVESTMENTS BY GEORGE T. HUGHES. to ab {(: & P Telephone of ¥ mostly | . a few higher; Giants, few sales | el supplies | 5-doz. | supplies | market weaker | 1.09. i nine others | i THE EVENING NEW YORK CURB MARKET BY W) lLLl AM F. HEFFERNAN. | YORK, August mc\'emenl of prices on the curb ex- dmnges terminated today in a mixture but with | of smull gains and losses, | the majority of stocks practically un- hlhdug(\l from the closing levels Satur- day. ! met actiy !ed. with little success, itles were subsequently abandon- Intercontinental Rubber man ed to gain almost a point and Good- Tire common was taken across 34 again, NEW YORK ing is August low - an official list of — Curb Market today Sales in BOX thousands, 1 Alum < A SRR deR 1 ey 14560 G & F B . AU G&W TS S b8 Reaverbosrd ~ s § Boaver Prod 7 an_ aX 33 CM&SP 5591 GChi RI&PH Cities. Service 6a. 3 Citi 25505 0T S0 PR R e Pt gar 65, ] Fed Sugar 65 Guir. Robt 7s. NGen lee Crm 6igs 1081, Genoral et ds. . il Corp, Hood Rubber 7. X3 S EEE 2223 FEILE TESREES Long In Lt @s.. M 5ese52: oo States T 033 NSPM 0%eC Ohio Pow bs B 20kla G & E Pean PEL 85 63 Phila E 5%a * Phils B T 6n pure o1l Co 3% 1 Shawsheon » = Znons 2o SRIF2RE3B3R2 O 552800atSxs 233332858 [R] CECETE PEPEiS 353 232 al Ed Eas P&L Suift & Co Transco Oil R of Ha Gn wi pner] 225032238 b 4is Bub o128 39 5355552 £ F PrEeRE oz %33 SEE 252 Bo@am BIBBEREDED D PSR S ©5z0000025555 10. Webster Mil 855, 988 FOREIGN BONDS. s 5 2nEBORND EEEFER A 3 Groas. conk1'§ 3 oo 23CE38533% R SR cxDEom—SonS0nmrronDD % Rripp Fried Lt 88 150 Mtg Bk Chile 638 07t §Rep Peru 8, 3% 1 Russ Govt 6 SRus G 0%e X ¢ 4 Siem & Hal 7 ¥ F 250~~Sox! 3 T S et IS EF74s 004 Salesin STANDARD OIL ISSUES. units 400 Anglo Am Oil 0 Al Lobos 300 Atl Lobos ptd 10 Buckese P L.... 8800 Continent_Oji 10 Eureka P L 1300 Humble Oil & 0TIl - 600 Imy 10 Inc 3100 In 60N Y Transit. <00 Ohio 01l 600 Prairie O & 8§30 Praine P L. 60 Solar Refin 80 South Penn 0 10 Southern P L 6300 8 O Indiana 1008 O Kentuc Sales hundreds. 48 Am INDEPENDENT OIL STOCKS n Maracaibo Co G | | at 82 [} this week between 150.000 and 160, 0001 87 a1 Optical | 4 i Washi e SO Gibson_ Oil 10 Lago_Pet Washington Steck Exchange | SALES. Capital Traction Co—8 at 100% Waanington Gas Light—10 at 825%. 10 Gaehington Bws. & Elec. pfd—10 at 10 Rt 6% 10 at 87 seNatonal Wiee' & Tavent. b1d—50 at 024, 204t 90 AFTER CALL. . Washington Gas Light-—10 at 62%. 5 at z ¢ 63 hington Miwr. 2 Fiec. pta—10 at —&‘ e TpRshingion’ Hwr. & Elec. 49—3600 at Tstional Mige. & Tnvent ot 300 at 012 Rorioll & Washingion 6(eamboat Co.—10 t 2 ' Washitigton Rwy. & Elec. ptd.—10 at 88. Money—Call loans, 5 and 8 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY American Tel. & Telza. 43 American Tel. & Telga. 4155 Am. Tel. & Tal. ctl. tr. B Anscostis & Potomac s Anu’E Potomar euar. 5 & p. Telephone 3a.. Capital Traction B. R ity & Suburoan b6 | Georaeton Gas 18t 5 | Potomar Elec. 18t 3 | Potomar Elec Potomac Ele | pot. 1. Pow Wash., Alex. Alex | wasn Balt & Redemption of Preferred Stocks. There has been a sood deal of dis- | 1« | Washington Gas Ge. | washington Gas 6s. ‘aah. Rwy. & Elec. Wash. Rwy. & Elec. MISCELLANEOUS cusslon recently as to the possibility ip c. paper Co. 68 ©of the calling for redemption by pros. Perous corpc stocks in ca has reserved the a certain price Money market vould make conditions cent pre debenture n by selling an Sometimes have ace \could make it possible at least an issue stock and save ould other > or “common arge cash lated which to pay in of preferred be paid to the holders tions of their preferred | RizEs i the preferred for the owpers of the | common. 1t does not follow. ho cause such an operatic profitable the directors it. There is another consideration | w be taken into account, and that is the ntage it is to a cor- poration to have as many people as possible interested in its financial prosperity. Public utilities aregkeenly alive to this side of the question and mdustrial corporations are not indif- ferent to it. It is only investors who hold pre ferred issues which sell above the cillable price in any case that are con- cerned, inasmuch as if p below the redeemable figure they will have a profit. They should remember, however, that when a preferred issue Jdoes sell higher than the price at awhich it can be called it is a tribute the market pays to the high character of the investment. It means that pur- chasers are willing to take the chance of a small loss in pripcipal for the ~ake of the security of income. On the other hand, callable preferred <tocks never bring as high a price as non-callable issues otherwise of equal merit in times of advancing prices for nigh-grade Investment securities as a Froup. ould be | vould (Copyrizht, 1923.) ever, that be- ‘ Pot. Jommt Stock L'd B 21 gafehorty ST s Blde. 6138 Wadn M, Cord Sor Wardman Park Hotel STOCKS. PUBLIC UTILITY. Norfoll Wash L& Waeh: Rwy. & Elec. ptd Terminal Taxi com. NATIONAL BAN National Caital. the dividends which | Columbia Commen: ;‘J;rmem & Mechani Federal-American Literty” col l\l‘anhanul \{e!mvohln Rizee adopt | REE, Nationa] American Security & Trust Continental T fiants Ban Neliona Savings & Trui merce Saviig S Chinsion Soirity Saviiks Seventh Street nited States | Washinxton Mechanics'. FIRE INSURANCE TITLE INSURANCE. Columbia Title. Real Estate Tru Paper pid.. Dicschants. Transter & Sior.. Sergenthaler LInotspe.. ... .. Natl. Mige, & Invest. pid 0ld Duteh Market com. 0ld Dutch Mariet pfd. Lanaton Monot:be ty ‘Storage Vashington Mariéet Yellow. Cab. “Ex dividend. .—The An effort was made for a time to bid up the rubber and tire shares, but it and bullish | mand for Gould Coupler | Received by Private Wire Dirict to The Star Office I Johns Manvilie and Gould Coupler did anything noteworthy, the former advancing 11 points to 185, where it was at a new high. The sharp ad- vance in this stock, however, was not surprising in view of the -high sell- ing price and the fact that the stock is known to be closely held. Reports of excellent earnings appeared. to be the incentive for the persistent de- A shares, which rose another 2 points in face of the 12-point advance last week. About the only electric refrigerator stock to do any thing was Kelvinator, hut the advance was fractional. .bonds and | New York 60 Northwest Oll. . 13 Peer Oil Corp. . 1 Red Bank Oil 1 Reiter-Foster ~Oil 18alt Ck Prod... 18avoy Oil . 3 Sun_Oul Venezuelan * Pet. Wiicox 0&G new 40 "Y" Oil INDUSTRIALS. 1 Adirond P 7s pf 101 L Allied Pack’ new Superpow A . Superpow Super pr pfd & C B yie. & Elec. \\' 10 Arm 35 Asmo. LAu Brutt oo & W Brom Pul & Pap. Bklyn City R R * Bl Bait. new. 457 Continen Bak, A.142 G Az E@oLGas ok 1 Sl A A P } DLEW Coal (oxi 1 Doehler Die € C ¢ Dubilier C'& 1 & BN AT Formr P oo P Ramge: SO SRS S m R SO AR SRS S T SESAE appiness C azeltine. Corp 2 Hesden Chem Hood Rubber nter Contl Rub. Intl Coner Ind C ntl Match C pfd ntern Tl B.. Johns-Manville Kelvinator C Kraft Cheese i @D e e ‘_ sppbonGmoito a2, ¥ ¥ Te. Y Tel "Co pid. ick Pln wi. . fek P n ofd wi izer Corp 3 Quilet Co’ S mrer orn NY 1 Pratt & Lamb e Serv El Corp A . Southeast P & L. J!’ ou Cal E.. Sou Cities Ttil Inc A wi 135S Dair Inc B 45t Rez Pap % Stand Pub G AL Stand Tank Car ¢ 11 Stutz Motor - . 34wt Inu . 000 i Switt & Co 8 Thermoid Rad '€ IThcmp R C v t ¢ 1 Timken Axle ... 1 Trumbull _Steel. 4 Tubize AS B vic1 73 Union Carhide G & E ne G & Imp & P . P R B o oS SRS S DD Jir Shizpan & MINING STOCKS. 10 Ariz_Globe Cop. 10 Butte ‘& West. ! 2 Canario Copper 38 Cona. Con Mihes: i1 Enr Gld M Ltd T 10 Eureka Cre 11 Goldan Cent. M. 40 Hawthorne M I.. 1 Hecla Mine. @ua anS=5mad3830, onovat Bt Tono Min Uni_Verde Ext. § Contl Wenden Cob o TODAY'S METAL MARKET. NEW YORK, August 24 (#).—Cop- jper, quiet. ,eclrolxtlc spot and fu- tures, 1 als. Tin, easy; nearby, 57.87; futures, 57.75. | \ No. 1 Northern, 19.50: | No. 2" 'Northern, 19.00a19.50; %uuthem, 18.50219.00. Lead, stead Bast St. Louls spot and futures, 7.67: Antimony, spot, 17.50. st G a T Ready-cut wooden houses of this country are attracting the attention of the house construction committee of the British ministry of health. We Buy and Seil _Liberty Bonds Treasury Notes Etc. . Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street \ A 'were about the only specialties that | STAR. WASHINGTON, |Railroad Freight Earnings May. Hit i 1913 High Record| By the Associated Prees. NEW YORK, August 24.—The maintenance of frefght trafic at unusually high levels, coupled with a recent series of favorable finan- cial reports by the carriers, has in- spired estimates in the finuncial district_that railway earnings for 1925 will closely approach the rec- ord of $1,400,000,000 established in 1913. Profits for the second half of the vear are expected to be much | larger than for the first six months, when net operating income of the class 1 railroads totaled $437, COTTON S LOWER AFTERU. 5. REPORT Increase in Probable Yield Causes Only Moderate Price Changes. By the Associated Press. NEW YORK. August 24—The early trading in the cotton market to- day” was confined largely to further evening up of accounts in advance of the Government crop. The official crop statement, placing the condition at 62 and the indicated yield at 13,990,000 bales, was some- what below the average of recent, pri- vate estimates, but the increase as compared with the August figures ap- peared to make a favorable impres- sion on sentiment, and the market was lower when trading was resumed, with December soon selling off to , representing net decling of 16 points on the geners! i ™ tealOBE —Cotton | futurcs = closed | steady at net decline of 10 {0 10 | 01 Today's New Orleans Prices. NEW ORLEANS, August 24.—Cot ton futures opened steady. October, 22.75: December, January, Mareh, 25.23 bid; 3 3.35 bid. NEW ORLEANS—Cotton futures closed steady at net decline of § to 10 points Tow Close January March May .0 October " December " GRAIN EXPORTS SLUMP. Grain exports from the United States last week totaled 3,786,000 | .96a | |states. and small | prior | running bales. bushels, compared with 3,840,000 the | previous week Comparative figures for last week | and the week before were made pub- | lic today by the Commerce Depart- | ment. 1 e CALL MONEY RATES NEW YORK, August 24 (). —Call | money, firm; high, 413; low, 4; ruling rate, 4%; closing bid, 4%%; offered at 4% last loan, 433; call loans against acceptances, 315 Time loans, steady; mixed collateral, 60-90 days, 4a4%; 46 prime mercantile paper, | | months, 41s; tad1y. | TODAYTS SILVE]i RATES. % LONDON, August 24 (#).—Bar silver. 321 pence per ounce: money, 3l¢ per cent; discount rates, short bills, 3 11-16a3% per cent: three-month | bills, 3%a313-16 per cent NEW YORK, August 4.—Bar sil 1 ver, 7013; Mexican dollars, 541; So great is the building boom in | outh Africa that furniture factories | e rushed to furnish the new homes | and_oflices. | el REAL r.mfi L6ANS RESIDENCE LOANS AT LOW RATES { | FRED T. NESBIT |l | | LI.\:'\'ESTMENT BLDG. Main 9392 Money to Loan Secued by first deed of trust on real estate. | wvailing interest and commission. Weller 420 Wash. L. & Trust | IJounhl- Bidr.. 9th & F N.W. | FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President Real Estate Loans First and Second Trusts Construction Loans Lowest Interest Rates N. L. SANSBURY CO. INC. 1418 Eye St. N.W. Main 5904 7% for 10 Years-- $700 on $1,000 SMITH Bonds now epable you to get this return with the proven safety cvidenced by our record of mo loss to any investor in 52 years. Your money is strongly secured by first mortgages on improved, income-producing city property, and protected by the safeguards responsible for our long record of perfect safety. 7% Smith Bonds are sold in' ma- turities from 2 to 15 years, and in $100, $500 and $1,000 denomi- nations, outright or by payments extended over 10 months. Every payment earns 7%, Send your name and address on this advertisement for our booklet, *Fifty- two Years of Proven Safety.” No Loss to Any Invester jn 52 Years The F. H. Smith Co. Founded 1873 815 Fifteenth Street--Main 6464 New York Washington, D. C. Pittsburgh Philadelphi eapolis D. C., MONDAY, INGREASED YIELD IN COTTON LIELY ¢ Government Reports Gain of’ 424,000 Bales—Crop’s { Condition Improves. ! ! By the Associated Press A cotton crop of 13.990.000 equiva- |lent 500-pound bales was forecast to- { day by the Department of Agriculture, | which based its calculation on the esti- | | mated condition of the crop August 16. Its latest previous forecast was 13.- 536,00 bales, based on August 1 con- | ditions. Last year's crop totaled 13, 627,936 bales. The condition of the crop on August 16 was estimated at 62.0. per cent of a normal, indicating an acre yield of AUGUST 24, 11925, 000000000 WANTED! SECOND TRUST NOTES pFusds avallable fo the pur. ox all kinds of d trast .mu Prompt on in every”case. Wulnn.ton Investment and Transactions Co. 715 14th St. N.W. Mals 3662 —on First Mortgages on im- proved property in Washing- ton. Current rates. Prompt service. HANNON - & LUCH 144.1 pounds, compared with 65.6 per | § cent and 139.8 pounds on August 1| this year, and 64.9 per cent on August 16 last year, when the final yield was 157.4 pounds. | Ginning Report Also Out. | Drought continues in South Caro-| lina, northern Georgia and south cen- tral Texas. the crop reporting board sized bolls are re- ported from those sections. Cotton of this year’'s growth zmnni to August 16 totaled 577.92 counting round as half bales, the Census Bureau announced in the joint report. Last vear 135,901 bales were ginned prior to August 1. Condition in Southeastern States. ! The condition of the crop on August 16 and the forecast of pro- duction (in bales of 500-pounds gros: weight) as indicated by the condition | by States follow: Virginia, condition forecast 52,000 bales: North Carolina, and 1.180,000; South Carolina, 53| and 865,000; Georgia. 61 and 1,000,000; | | Florida, 78 and 28,000. ! CRUDE RUBBER AT 82 CENTS. | NEW YORK. August 24 (Special).— Crude rubber was quoted at 8 cents a pound. which compared with $1.15 a month ago and 27 cents a Year ago 9 per cent and || NEW YORK, August 24 (Special). il Cotton cloths market was quiet and | | unchanged today. Raw silk was || steady, but with no change in quo tations. Stocks Bonds We Buy and Sell Listed Securities. Outright or on Margin BUCK & CO. BROKERS— tablished 1916 Evans Bldg., 1420 N. Y. Ave. N.W. Fr. 3300 Write or Call for Weekly Market Letters Unusually Well Secured % First Trust Notes Are Offered in Denominations $250, $500 & $1,000 Quinter, Thomas & Co. Real Estate Financing 819 15th N.W. Main 8416 713 & 715 Nth St. NW. Main 2343 rThe Reality of Realty Makes First Mortgage Notes the safest channel of investment. We have in our office at this time an _unusually attractive issue of First Mortgage Notes— backed by the best type of northwest residential property in the National Capital—which will pay % Offered in convenient denominations. Our Mr. Xelley will be glad to confer with you. MCKEEVER -d GOSS | 1415 K St Main 4752 Prompt Action |First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc.| 738 15th Street greater safety greater service greater business the and ele and We are grateful to public for recognizing appreciating that the ments of ‘“safety” “service” have been the foundation of our Mort- gage Investments, and, have accordingly rewarded us with “greater” and ever-in- creasing patronage. We would like to explain our service policy to vou and show how your money can be absolutely safeguarded still earn 6 rtgage Investment Department SHANNON: & LUCHS| 713 and 715 14th St. N.W. Main 2345 Equitable Co-operative Building Ass’n JOHN JOY EDSON, President Organized 18 Assets . $5,031.814.86 FRANK P. REESIDE, Secy. 45th YEAR COMPLETED Surplus . . $1,352,749.93 Subscriptions for the 88th Issue of Stock Being Received Deduct the amount you ACT ‘L'/’I,- LY must spend and deposst the bal- ancc in the Equitable. Join Today Fair Play HERE’S an elderly vou for subsistence. You won’t for many years. him. is Yourself—grown old. Are you playing fair wit man who depends on You've never met For this man h him? Are you leav- ing some of the fruits of your present industry for him to enjoy? Or are you allowing the Man of the Preeent to spend the Elder]y Man's heritage? Play fair with him—by saving and investing in first mortgages through an organization which itself is known for fair play—whose in- vestment offerings are sound and secure—and bear an attractive rate of interest. 62 % ! | FINANCTAL. » 7 HUGHES & COMPANY For Investors 7% First_ Mortgage Notes ns of $100 and Up— s Given Prompt Attention O’Donnell, Mgr., Our Country has grown and pros- pered beyond all dreams of the early days; it has been tested by severe periods of financial stringency and times of national stress. But, through all these periods of uncertainty. st Mortgage Securities have proven 100% Saic We are offering the se curity of an institution dealing solely in this type of investment— and'it bears 8% Descriptive Booklet Upon Request 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 (Incorporated) INVESTMENTS 1418 Eye Street N.W. Telephones Main 853-854-3317 FOR INVESTORS MORTGAGE NOTES IN CONVENIENT DENOMINATIONS ON IMPROVED PROPERTY in DISTRICT o COLUMBIA H. L. RUST COMPANY 912 15th Street Main 6888 OLDEST National Bank in the District of Columbia Long Years faithful to the business com- munity lay back of the prestige of this bank, and the public confidence im- plicitly placed in The Metropolitan of service duties of every nature discharged with efficiency and economy so FwWill banking flect to YOUR nol such e connection re- credit? Nafional —111 Years Old Metropolitan Bank 15th St., Opposite U. S. Treasury PAID ON SAVINGS Let Your Savings Earn 6/2% INVFST them in good First Mortgage Notes, secured by twice their face in carefully selected home properties in Northwest Washington. See Mr. King, Mgr. Loan Department BOSS A PHELPS THE HOME OF HOMES 1417 K Street 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 Buriness Properties Apartments Office Buildings 5"%2% ON APPROVED SECURITY Apply RANDALL H. HAGNER & CGOMPANTY | MORTGAGE LOAN GORRESPONDENT