Evening Star Newspaper, August 25, 1925, Page 21

SILESNCREASG | INMEAT ARHET Lower Pork Prices Likely in Few Days—Fruit and Vegetable Review. Cool weather has put more life in the meat market. and increased sales suggest to dealers that many persons are returning from vacations. A gradual increase in sales is expected wntil Labor day, when the market will again settle down for. the Winter season. Hog prices were slightly off in the West yesterday, dealers reported, but the decrease in prices was so siight that it was hardly felt in the local market. It is deemed possible that additional drops may lower prices here Beef, veal changed very and lamb prices have little the past month, dealers state. but the draggy condi- tion of the market, that prevailed in hot weather is slowly disappearing. Today’s Wholesale Prices. Butter—Fan . 49: prints, store : average receipts. 34 Poultry — Alive — Spring chickens, large, 3 3 : medium fow 18a20: ducks. turkeys, 11a12; Spring chickens, 35; sma 33: turkey ducl : geese, 1 Live stock—Calves, 11a11ls; lambs, *Spring, 13%al4: hogs, Ma Meat—Beef ; veal, 15; Spring lambs, *30a32 213%a22; loins, 35a36: smoked 20; hams, 30. Fruit and Vegetable Review. Today's market report on fruits and Yegetables, compiled by the Market News Service Bureau of Agricultural Economics, says. Apples—Supplies liber: demand moderate, market steady; Virginia and Maryland, bushel baskets, various va rivties, large size, 1.5021.75; Rambo: few best, 2.00: small to medium size. T5a few low as 50. Cantaloupes—Supplies liberal nd moderate, market fairly y California, Turlock section, overripe. +oft, Salmon Tints. standards, 45s, 50a 1.00: Jumbos, 1.00a1.25: home- | . Erowns mostly supplying the market Grapes—Homegrown, receipts mod. erate and supplying the market for Eastern stc Lettuce—Eastern supplies liberal; demand light. market dull: New York, 2-dozen crates, Big Boston type, 60a ; Western, no sales reported. Onions—Supplies _limited; demand light. market steady; New York and Massachusetts, 100-ib. sacks Yellows, S. No. 1, mostly around 3.50; N York, some fair to ordinary quality and condition, 2.25a2 Peach Demand Light. Peaches—Supplies moderate; de- mand light, market steady; Maryland, bushel baskets, Elbertas, large size, 3.50a3.75: few low as 3 s, Elbertas, | large size. 3.00a3.50; Pennsy bushel baskets, Elbertas, large size. v 3.50: New Jersey, bushel bas lbertas, large size, 3.00a3. few 3.50: Delaware. bushel basket % Elbertas, large size, soft, ripe, con- siderable decay. 35a1.50. Potatoes—Supplies moderate: de- mand moderate, market fairly steady; | New Jersey, 150-pound sacks, Irish Cobblers, T No. 1, mostly 4.25; Giants, 3.7, Sweet potatoes—Supplies limited: ; demand moderate, market dull; North Carolina. cloth-top stave barrels, yel: low varfeties, No. 1, 4.00a4.50. Watermelons—Supplies liberal; de- mand moderate, market dull; dock sales, Virginia, bulk, per 100 melons, Thurmond Grays, Excells and Tom Watsons, selects, 35.00a40.00; few high- »r: primes, 15.00a20.00. Tomatoes Cheaper. Green corn—Homegrown moderate: demand moderate, steady homegrown, bags, 15a20 per dozen. Tomatoes — Homegrown supplies | heavy: demand light, market weak homegrown, half-bushel hampers, 75: best, mostls 0. Lim: bean: Homegrown liberal; demand moderate, weak; homegrown, 32-quart 15a20 per quart. large, 1, supplies | market 5-dozen | { | { | | supplies | market crates, COTTON SELLS OFF IN TRADING TODAY| Rain Reports and Poor Liverpool Cables Weaken Prices in Home Markets. By the ciated Press NEW YORK. August 25.—The cot- | ton market was lower in today’s early | trading. The opening was barely steady at a decline of 1 to 9 points on all months except August. which was 10 points higher on covering, and prices soon weakened in response to lower Liverpool cables, private re. ports of rains in some parts of Texas and. the appearance of Southern sell- ing orders which were supposed to re- | flect increased hedging. Trade interests were buyers on scale down orders and there was con- siderable covering, but the selling con- tinued and the market was unsettled at the end of the first hour. Decem- | ber sold off to 23.28, or 22 points net lower, and into new low ground for the movement. New York cotton futures closed steady at net decline of 24 to 27 points. High. January . i Mareh - My October . Dflgmh»':‘ Mas? ‘January. October, New Orleans Quotations. NEW ORLE. August Cotton futures opened steady. Ot December, January, May, 23.21 bid. S—Cotton futures closed January March MAY: - oo October December DIVIDENDS. Pe- Pay- riod. Rate. _able. Q7 11, % Oct. oct Oct. Oct. Corporation Bucyrus Co. ‘Do pld. corutola i1t Qerzh Flaischmann Co. K It Ex 100 50 £33 § 333! S CALL HEEY?IG;H. NEW YORK, August 25 (#).—Call low, 4%; rul- ing ra i id, 412; offered at 4%; last loan, 43%; call loans against acceptances, 3%; time loans, firmer; |Washington Stock Exchange | Potomac E FINANCIAL. - BY WILLIAM F. HEFFERNAN. NEW YORK, August 25.—Trading on the curb exchange was quiet to- day, with the volume: of business again smaller. Where operations for the rise took place they were in es- peclally selected issues and these were decidedly fewer. "The feature of the day was the fur- ther advance in Nizer Corporation is- sues. This was apparently due to bet- NEW YORK, August 25.—Follow ing is an official list of* bonds and stocks traded in on the New. York Curb Market today: % 2e52 22835 |3 gag2sson 24 Am Gas & B o Am Bon AT 33 S ERENEN EERCIERE FERE SSRERE <y Coons: St oS oot REE2ECE! Gulf 0il Corp Lehigh Power #s. 2 Libby MeN & L. Lig-Winch R E 2ZRBFEBRE302EE 23r333E83a3 s 3 25! £ 205 £ Sy SERE R o9 nSms! B RPEPEES 232LRT Toesnoxs! L FOREIGN BONDS. 16 Alpine Mont S 7s D1 7Cit B Denmic upp Fried L M B Chile 6138, B Denmk o h P T, S2SRCECSER 5 SwissGovt 3 Thyssen 1 & S 1 Toho EI P Ltd Sales STANDARD OIL ISSUES. 700 Anglo Am Oil 00 Atl Lobos . = 10 Buckeye P L. . 200 Chesebr Mtz B 25 Gal Sig Oil 1900 Humble Oil 3011 P L... . 500 Imp O of Can n . 3700 Inter Pei € Lid. B0 N Y Transit. .. » & WIS 1 i Soumisaats RNt ST FA 2 K S 0 Kentucky. . 3005 O New York 50 Swan & Fineh. 1100 Vacuum Oil. Sales INDEPENDENT OIL STOCKS in hdrds. 39 Am Contr_Oilfids 2 BritAm ol Cities Serv mie: Cities Serv B cf 37 Colombian Synd 7 Cons Royaltie & o e Sa R TS e e e P S owoa B 13 e 1 e DR e Zi o Rt S & Peer Oil Corp.. i% SALES. | Traction 5s—$1.000 at 99 $1.000_at 09%. $1.000 at 00%. $500 993, $2.000 at 90K Washington Gas 5s—$500 at 09%. ¥ Traction Co.5 at 100y. n Rwy. & Elee. coni—3 at 175, Washington Ruy. & Elec. ptd——5 at 88% o At AT 10 At M8 % T0 3t 80, 10 3i fiot.“'fin‘ P TR R DA TR at ® §erchante’ Bank & Trust Co—5 at 137. Tanston. Monotype—b at B4, 10 at 8% National Mtge. & Invest. ptd.—$1.000 ai 2 L ®*%icurity Storage Co—b at 405. AFTER CALL. - tion Co.—10 at 100% ! f\(‘g’a‘:‘:‘ufifif Linotrpe1d’ 3186, 1 100 2t Qe National Bank—3 at 370. 10 at| 379, 10 at 380, 5 at 380, Mouey—Call loans. 5 and 6 per cent. Bid and Asked Prices. _BONDS. PUBLIC UTILITY % Capital Potomac otoma Bs 107 El o Elec. Pow. . & Elec . & Flec. gen. s, MISCELLANEOUS. . C. Paper CO. 6K, . ... Pot " Jommt Stock L4 Bk Tifeis Realty (lon) Rlites Realty s (shor Southern Blde. 64%s.. . ‘Wash. Mkt, Cold Stor: 58 Wardman Park Hotel 6s. . STOCKS. PUBLIC UTILITY | American Tel. & Telea. H apital Traction Washington Gas | Nortolc & Wash. Wash. ey ash. Rw: Wash. Rwy. National Cavital. Columbia Commereial District Farmers Federal: L American ¢ Sontinental Continental Commgres ‘::\:rl ’I Saving i ‘states Wathinston Mechanics - FIRE INSURA American . Corcoran Firemen National Union.. . TITLE INSURANCE. Columbia Title.. Real Estase Trust, 'MISCELLANEOUS. g mixed collateral, 60-90 days, 4%a4 4-6 months, 41za4%; prime mercantile paper, 4a4’ “ It i® a cardinal rule in China that every debt must be paid before the gy year. D, C. Paper pid... . : R Lanston Monotype Security Storage. * HEEE, . - ‘THE EVENING STAR, WASHINGTON, D. C, TUESDAY, AUGUST 25, [EUROPE T0 ABSORB ter appreciation of the possibilities which the electric refrigeration indus- try will confront in the future. Rubber shares came in for a good deal of attention, and this was sur- prising to many, jn view of the recent sharp drop in the crude rubber mar- ket, following the extended rise. Good- year Tire went to 36, where it was al- most a_point higher, and Interconti- nental Rubber gained a like amount. 6 Ryan Con....... 30 Salt Creek Prod. 12 Sun Oil ex div. . 1 Tidal Osage Oil.. Adir Pow 7s pfd. 10114 Alpha Port Cem. 138 s & EL.. 770 L & Tra m Multigr 015 ow & L nw 561 Bayon Prod. Am Superpow B. &' C B 1 Bklyn' City R 13 Bueyrus Co .. 24 Can D Ging Alé 0 2 Car Light ... . 13 Centrif Pip Co 0 Chapin Sac & &% 19mpomc 222 SRR RSB SE AAEES 3 Eng Pub Serv. ng P S PP pld ageol Motors C ajardo Bug Co. e Telograph .| el Metals T ¥ed Mot Truck Im Tnsp 1 Ford Mo 2% Fox_Pictures i8 Frank HH ) 11 Freed Eise R C. 1 Freshman Chas Garod Gen 18Gen G & E 26 GEE pl A Gillette. 8" R . a L Pow & R 5 Glen “Alden_Coal 144 Goodyear Tire T 51 Gould Coupler A 3 Grennan Bak .. BGrimes R & C R Happ C Stores A Hazeltine Corp.. Heyden Chem . % Horn & Hardart 1 Hunt Bros A.. .. 5 Imperial Tobac.. 36 Intl Contl Rub 3ndt Coner nd ¢ ol _._....,_ oo S m R S 3 =t - g A s ® 5Intl Match C 57 Intern Util B. 3 Johns-Manville 7 Kelvinator C - 6% Graft Cheese.’."" La Salle Ext Uni 5 Lenigh P tec vic 1, Lehigh Val Coal. Lehigh Val CNC. 50 Lenn, & Fink 8 b MeX & L ibbey Ow_Sh | erop MANY U. 5. APPLES Agriculture Expert Says Germany Will Start Buying Earlier Than Year Ago. Present indications are that Europe may absorb as many American and | Canadian apples this year as last re- ports Idwin Smith, foreign market specialist of the Department of Agri- culture, who Jjust returned from abroad. While it is true that the English apple crop is better, both as to- quan- tity and quality, than in 1924, yet it ix scarcely more than half a full crop, and the varieties that show the best promise are cocking varieties. The continental crop is very short and will scarcely be a factor in the deal. In every European country the pear crop is one of the smallest on record. No doubt pear prices will be suffi- ciently high to attract some of the der American varietie: Germany will start taking volumes of American apples earlier than last year, and if the market is handled judiciousiy, Mr. Smith advises, will take steady consignments in greater total volume than in 1924. A heavy of apples in Nova Scotia will somewhat offset Virgiria's shortage, while in the boxed apple deal British Columbia’s reduced crop will ease up on the competition wiith our Pacific Coast Statet GERMAN BONDS AND STOCKS. (Quoted in dollars ver million marks ) . 5 Asked. Ger Gt (win) 5s 191418 $35.00 Hamburg 4138 1014 140.00 Ger Gt torced loan ) 10.00 - 50 marks. 1 35, 3155 & 45 pre-w amburs Amer Lire 4 1sx Tiovd H: North German Prussian C: Krupp 3 Dusseldor! pre’s ankfort a-M 45 10,00 Fr. N 10:00 Real Estate Loans First and Second Tr Construction Loan Lowest Interest Rates N. L. SANSBURY CO. INC. 1418 Eye St. N.W. Main 5901 FIRST MORTGAGES FOR SALE Denominations of $250, $500 $750, $1,000 and Upwards P 1 BLib R Ch Strs. . SMC R & M vic 15 Mid W U . Pi 2 Mohawk Val ew 30 Moto Meter A... 4 M e izer Cor A Nizer Cor B North_Ohio & Pow. & P &R hio Traction utlet Co. 3 Qutiet Co pf."."." 10 Pathe Ex Inc A.. Penn Water Pow. Phila Elec.. ... Power Cor N Y. Power Secur Cor 2 Pratt & Lambert 1PBuget Sd P & L 2 Purity ‘Baking A 3 purity Baking B Motor.. . . i row e Gien 00! ‘S FHETE 1w 2 ok S ou Dair Serv B u Dair S Ris suthw Bell pfd 11 Rex Pap ... & Wl Pub € Stutz Mot.. 4 Switt oni 3 Thermiod Rad 10 Thomp R C vie. 5 Timken Axle . 1.Tob Prod Export Tub A C Bote. ) Carbide. 0% Wilson & 0 wi.. Wilson new pf wi MINING STOCKS. 130 Ariz Globe Cop.. .22 20 Butte & West 8 Canario_ Coppe 18 Cons Cop M1 3 2T 24 10 Forty-nie Mine. 6% 41 Golden' Cen Min. 20 Hawthorne M 1 2 Heclw Mine 80 Kas Copper ¢ ¥ ay Copper Cor 1Kerr Lake .- 5 Premier Gold M& erior. 20 Wa 60 Shaw Mines. 1 Tono Belmont. Tono; Copper. . BIG RAILROADS BUY OTHER RAIL STOCKS Control Sought of Many Smaller Lines Named in Merger Talk. By the Associated Press. NEW YORK, August 25—Buying of rall shares for account of other roads which have been seeking control of small lines_for eventual consolidation purposes has been a weighty factor in the strength of the carrier issues this month, -if present reports are to be credited. New York Central and Baltimore |and Ohio are said to have increased thelr holdings -of Reading to actual control, while the New York Central and the Loree interests have been competitive buyers of Lehigh Valley, which "is strategically important in Eastern trunk line plans. In the Southwest, Kansas City Southern has been building up its holdings of Katy, and the Rock Island has added to its interest in the cot- ton belt. Quiet accumulation is be- lieved to have gone on in many other rail shares. COTTON NEEDS RAIN. ATLANTA, Augustt 25 (Special).— Cotton has been suffering for lack of moisture in the Piedmont region of Alabama, Georgla and, the Carolinas. The damage has not been so severe in the southern part of the belt. The 25 20ucE Vellow an ot “eEx-dividebds 8238033 holl - weevil . menace, however, has been lessened by the dry weather. goboboob“n 2 $ < 6'2% All_Loans Made on Property Located in the District of Columbi: JAMESF. SHEA 643 Louisiana Ave. N.W. FEDERAL AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President *$ SECOND TRUST NOTES Funds available for the pur- chase of all kinds of second trust notes. secured on D. C. or Dearby real eetate. Prompt action is every case Washington Investment and Transactions Co. 715 14th St. N.W., Main 3662 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 | | | i 7% for 10 Years-- $700 on $1,000 SMITH Bonds now enable you to get this return with the proven safety evidenced by our record of no loss to anyinvestor in 52 years. Your money is strongly secured by first thoctasgs on impeoved, income-producing city property, and protécted by the safeguards responsible for our long recotd 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 carns 7%. Send your name and address on_this advertisement for our booklet, “‘Fifty- two Years of Proven Safet: No Loss to Any Investor in 52 Tears The F. H. Smith Co. Founded 1873 815 Fifteenth Strect--Main 6464 New York Washington, D.C. Pituburgh WE WILL BUY STQCKS Wardman Mtg. & Discount Corporation. International Finnuce Corporation, Mortgage. Bond & Guar. Corporation. Real Estate Mtz. & G ‘orporation. MEHLMAN & CO. Brokers' - 1319 F St N, International Bldx. Phoue 8847 ! ! Opportunity ! ! 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 For Investors % First_Mortgage Notes Denominations of $100 and Up— All Details Given Prompt Attention See Mr. O’Donnell, Mgr., Mortgage Department REAL ESTATE LOANS f 3% iRt KESIDENCE LOANS AT LOW RATES. FRED T. NESBIT INVESTMENT BLDG. Main 9392 Money to Loan trust al estate. e aitfne nterest and Comtniamion: Joseph 1. Weller 320 Wash. L. & Trust Blde.. 9th & F N.W. Tide Water Oil Company 5% Convertible Preferred Stock Par Value $100 a Share Convertible inte the Common Stock rof the Compnny, For “the "ine “und. one-half Yeurs 'ended " June 1 Aeruze earningn times the annual di quirements on this Price 100 and accrued dividend Complete circular on request The National City Company Washington—741 I5th St. N.W. Telephone—Mauin 3176 Making Money Make -Money The only worth-while —but unquestioned 7 First Mortgage (/] Notes Back of them some of the best residential property in Washington—an issue that was negotiated through our office— and you can rely upon the en- tire reliability of the investment They ought to prove very at- tractive to your surplus funds Consult our Mr. Kelley, Man- ager of Loan Department—he dollars are the dollars at work—and you can give yours safe and profitablc employment in our First Mortgage Notes Paying 6, Per Cent It means security of the principal and a larger in- terest-earning power than with any other safe, con- servative investment. Mortgage Investment Department will give you the details. MCKEEVER wd GOSS BT Rae =t EALTORS 1415K St Main 4752 NEW ISSUE Common Stock (no par value)..coeeeessons NO BANK DEBT NOF Mr. F. L. Maytag, Chatrman of the Board, summarszes his letter i0 the bankers as foliowes. petitors. by Messrs. Ernst Calendac Years 1925 (7 Mos.) 1924 1933 1922 [SHANNGN_ & LUCHS 713 & 715 14th St. N.W. Main 2345 250,000 Shares The M, aytag C ompany The largest manufacturer of Washing Machines Cap:ialization UNDED DEBT History and Busines: The Maytag Companv of Delaware. as.successor to a business started in 1893 on a cash capital of $3400, is today the largest manufacturer of washing machines 1n the world. Since 1¢ with sales. Capacity in 1g24 was increased tc 400 machines daily, reaching 830 thic Julv and with completion of the plant addition naw under construction will reach 1 50c machines a day The Company has six branches and sells through sooc distributors and agents. Advertising on an extensive scale was only started in the fall of 1924. and 1s now at the rate of $1.000,000 annually. With facili tion the Company plans to expand 1ts sales orgamization 1n territories which have as yet been practically untouched Sales and Earning: Maytag’s leadership in the industry 1s unquestioned. Sales have been a steadily increasing percentage of the entire industry. Sales in units compared with the best estimate of those of the entire industry and carnings as determined & Ernst have been as follows: Total Sales Liectric Washing Machines Units) 416,239 612,064 £24,373 422377 For July—29.8% Expanding Marke: . The total number of homes in the United States 1s estimated at 26,00c.00¢ of which on January 1st, 1925, only 13,242,000 were wired for electricity. ht has been estimated that at the close of 1924, 4,000,000 electric household washing machines were in use. or less than one 1n every third wired home. At present it is estimated that ¢,000,000 homes are within reach of electric power and some 1,60c.00¢ are annually being added to the number connected Percentage of electrically connected homes using washing machines has constantly increased and may be expected to do so in the future. Annual sales of electric washing machimes were only some 13,0cc units in 1914 compared with 600,000 units 1n 1924. In addition the 12,000.00¢ unwired homes provide a market for line engine-dnven household washing machine. This market is entirelv unavailable to any of the company's com. Ma: P g FINANCIAL. Offers to Make First Mortgage Loans on Improved Real Estate In the District of Columbia and Suburbs for 3, 5 or 10 Year Periods Apartments Office Buildin, 5%2% ON APPROVED SECURITY Apply RANDALL H. HAGNER & GOMPANY MORTGAGE LeAN GORRESPONDENT Ao 132 Conmecticot Hoenue, Teliphenstizin 5700, & L-mmmmfi!@mmmm AR RR/RN ELIMINATE SPECULATION With the exception of possi- bly one man in a thousand, he who eliminates chance from his investments is the most suc- cessful in the long run. To the investor who seeks safety and certain returns, we have an interesting service to offer. Over a Quarter of a Century SAFE 6'2% FIRST MORTGAGES Without a Loss B. F. SAUL CO. Main 2100 5 19th St. N.W. Common Stock thorized Tobe issued 2,400,000 shs 1,600,000 shs NO PREFERRED STOCK. production has never been able to keep pace es for increased produc- the Maytag Company’s gaso- Toral Maytag total Sales electric 26.0%° Net after tazes $2,734,731 (7 Mos.) 3,267,309 1,045,935 318,082 119,547 136,805 68,979 33,298 10.7 5.2 Based on present indications earnings for the full year 192 will be $6,200.000 before taxes and in 1926 earnings are expected to exceed $8,000,000. It 1s the intention of the management immediately to place the common stock on a $2.00 annual dividend basis. Application will be made to list the stock on the New York and Chicaga Stock Exchanges. We have sold the above 250,000 shares at $20 per share Assets Without borrowing money the Company is doing the largest business in its history. Balance sheet of July 318, 1925, showed current assets of $5,479,036 compared with current liabilities of $2,179,660, leaving a working capital of $3,299,376 ample for the Company’s needs. Presenv capitalization is based on earning power, as total net tangible assets amount to $5,227,968. This earning power is given no value on the Company’s balance sheet. . Management of the Company will remain in the hands of those responsible for past growth and the Maytag family and associates will retain a 79% nterest in the common stock. e ? HORNBLOWER & WEEKS The foregoing statements are obtained from official sources and are believed to be correct.