Evening Star Newspaper, September 28, 1925, Page 27

FINANCIAL. FTON, & f\l(),\'l)A\Y‘ SEPTEMBER 28, 1925. FINANCIAL. BUTTER AND EGG PRICES SOARING Still Higher Charges Fore- cast by Dealers—Meats Open Week Unchanged. THE EVENING STAR, WASHIN NEw vork_curs varier | |SHARP INCREASES I Received by P e Wire Direct to The Star Office | BY WILLIAM F. HE NAN. | acted over Jints at one time and lN FUREIGN .I-RADE b W YORK, stocks of electric refrigerator com- other wide-open br panies bore their share in the decline. Gold furnished the outstanding fea The action Miller o in the oper | divecta rket today. The stock dropped to [ to vote before support w: | whereby the common shar Early in the Summer ‘«)-11 ler unit gineers’ Glod furnished a sensation, |anply discounted in the advan advancing from the year's low of 143 | last month and the sharp bre: to above 109 on reports of rich ore | ted “selling on the good strikes at the property. The selling | Baking shares were excep appeared to reflect belief that thes the general selling, Col discoveries had been o king class B on a block of Lan i Compvany o LARIoEe s changed hands more than 2 points, the upward movement llette Safety Razor was abruptly checked, Victor Talking Machine r 1$000000000000000 WANTED! SECOND TRUST NOTES Funds avalable for the pur chinse of all kands of secoud trust notes, sectred on or nearby real eetate. Prompt actios ia Very' easa ’ Washington Investment Commerce Department Finds b4 and_Transactions Co. 715 l‘lll q" N.W. Marked Gains in Crude Ma- | i P 300000“»000@"003 terials in Eight Months. Prompt Action First Mortgage Notes First Mortgage Loans | Lowest Rates of Interest and Commission For Sale | Thomas J. Fisher & Company. Tnc., In Denominations of 748 16th Street $100, $250, $500, $1,000 - — FEDERAL-AMERICAN P orF rteresn, || NATONAL pank [ LTRSS Secured on 1D, C. Real Estate Wm. H. Saunders Co., Inc. RESOURCES, $14,000,000 1315 F Street Established 1887 1433 K St. N.W. JOHN POOLE, President | QUICK LOANS | On Your Real F Equ $100 to 55,000 No Waiting—Courteous Serviee District Loan Procurement Co. HITF SC N M. 1135 ® * * D 4 Rubber Co 1 meeting | tion plan are to be | had been | of the today good o 9 90060420400 [ For Investors 62% First Mortgage Notes By the Associated Press Commerce Department figures in an fnalysis of the country’s forelgn trade for August and previous months dis- closed today a sharp increase in for- elgn trade and particularly in imports of crude materials intended for manu facture For the eight months ending with August, 1 , the United States fin-| ported §1,086,843,000 worth of raw ma | terials out of a total fmport for the same period of § 000 During the same months of 1924 the raw ma- el s imported were valued at $x( .000 out of total fmports of $2 5 Franklin Said, Penny Saved Is Penny Earned™ Butter and egg prices are soaring There has been an increase of 5 cents| , a pound in the butter market the past few days and a 2-cent increase in egg prices. Dealers this morning expressed the bellef that prices will go higher be- fore the close of the week's marke It 1s said there is little likelihood of cheaper prices before Christmas un- less the output of storage eg is so great that it will force a decrease in Sl Rn Al Denominations of $100 and Up— Fancy tub butter was quoted at 53 I Denominations of $100 snd Up— cents this morning. at 55 and o sonderce { IR | Auburn Auto . 4 a8 feees Ye,' 42 i store packed at § , selected, 2 z: 728, | See Mr. O’Donnell, Mgr. Mortgage Department Stocks Bonds 0Odd Lots Carried ow Margin Buck & Company —BROKERS— Established 1916 312 Evens Building 1420 N. Y. Ave. N.W. Tel. Franklin 7300 Direct Private Wires to New York 500 shar in [a point h fractionally. 1 tume lost almost 10 points. We Buy and Sell Liberty Bonds Treasury Notes Etc. NEW YORK, lowing is an off stocks traded in c urb Market today BONDS, eptember 28 —Fol- 1 list of bonds m the New Y 101 101 18% 16 Interest at 7(’0 Bond Department The Washington Loan and Trust Company ! 900 F Street | 620 17th Street candled eggs were quoted at 40 and G il Kell 42 cents, rage receipts at 40 and storage at Today Butter—Fanc store packed, manufe $63.044,000 Vou with anufactured , against $13 zo0ds, Wholesale Prices. prints, 53; partly 000, ag: [mpor 000, against - consumpt 0,396,000; raw lnhxn]~ for wcturing, $140, 14th & K wdled, 40a storage, 38. . Connor.. chickens.| 3 5 e Bakc 24 1 vy fowls, "B, e ring REAL ESTATE LOANS vid large, i ducks, 20; geese, Live stock—Calves, lambs, Spring, 16: hogs, 14 Meat—Beef, 18; veal, 20a22: Spring lambs, 30a32; hoss, loins smoked shoulder: ; hams, Fruit and Vegetable Review. market report on fruits and compiled by the Market . Bureau of Agricultural 155 demand . market 1 Grimes, ; 3 inches up, inches up, 4.50; libera bushl-‘l baskets, Ma No. 1 Grime: medfum size, 1.00al.25 varleties, medium to large size : New York, No. 1, Alexande: medium size, 1.25a1.5 . 20.ounce, mostly 1.50. Boxes—No | #ales reported. Cabbage—supplies liberal: demand slow, market dull; New York, bulk, per cwt., domestic, round type, 1.25a1.50; few higher. Grape Market Lower. Grapes—Supplies light; light, account Jewlish holiday slightly w 21 demand marki s and Niagaras, falr | some decayed, supplies very sales reported; Wester supplies limited; demand limited count Jewish holiday, market slightly stronger: Colorado 'crates, Iceberg type. 4 do: 2 Onjons—s IU'V" mand slow account Jewish holiday, | market dull; New York and Massa- «'huaeus. 100-1b. sac! U. S.{ 3.00; - demand holiday, hel has- some 1.25a | slow, partly market dull kets, Elbertas ordinary qualit 1.75. ount Je\\ Am\ York, best, 2.00: : and (nndltlun Potato Prices Steady. | Beans—Supplies light; demand lim- ited account Jew holiday, market firm; New York, bushel baskets Bartletts, 3.00a3.25, mostly 3.00; ‘Washington, bushel baskets Bartletts, fancy, mostly 4.00. Potatoes—Supplies moderat@ mand limited account Je market steady; Maine, Irish Cobblers, and Pennsy] Ib. sacks, Round Whites, U 3.75a3.90. Sweet potatoes—Supplies light; de- mand limited, market firm; Eastern| sShore Maryland, cloth to stave barrels, | 1, de- < moderate; de-| 99 Jewish hollday, market weak Colorado, Sal- mon Tints, standards 45s, 1.00a2.00, according to condition; standard flats, 188, Pink Meats, ; flats, 12s, mostly around Gold, standar standard flats, 9: Celery—Supplies n.mler'lle demand limited~ account holiday, market dull 3 crates in the rough, 2.0 5: fow higher. Tomatoes, home moderate; demand home grown, 3z-bus 1y 60. PRESIDENT REA LEAVES PENNSY ON OCTOBER 1 Railroad Magnate’s Career Started as Rodman and Covered 54 Years. Bamuel Rea, president of the Penn- eylvania Rallroad, will retire from ac- tive service October 1. Mr. Rea's railroad career covered « perlod of 54 years president of the Penns: road to reach the age of 70 in its ac- tive service, and his gradual promo- tion from the position of rodman to the presidency covers a perfod of ex- ceptional development and emergen- cles in the raiflroad Industry. ‘0 man should ask for more than employment” was one of his maxims. “When that i{s given, it 18 up to him 1o do the rest.” He was forced to put this theory to & test very early in his life. Born at Hollidaysburg in Penn. sylvania In 1855, the death of hts father 13 years later made it neces- sary for him to seek a position clerk- ing In stores and working on arme. is education as a railroad engl- neer began when he was not quite 16; from James McCrea, later to become el hampers, most- _at his predecessor as president of the Pennsylvania System, he secured a Jjob as chainman and rodman on that railroad in 1871. At one time he was president, vice president or director of over 100 com- | panies in the Pennsylvania System, which number he was constartly re. ducing through mergers. After climb- | ; ing step by step through almost every department of the system, he was clected president of the Pennsylvania Rallroad on January 1, 1013. RAILROAD'S REVENUES GROW DURING MONTH Bpeaial Dispatch to The Star. BALTIMORE, September 28.—Oper- ating revenue of the Maryland and Pennsylvania Railroad showed an in- Crease of $11,732 during August as compared with the corresponding month of 1924, the total being $85,852. For the elght-month period net rail- way operating income amounted to $109,756, an increase of $6,662, as com- yared with the corresponding period of last year. AUTO RECORD SMASHED. NEW YORK, September 28 (#).— The Chrysler Corporation broke all shipment records on September 24, \'hen 1,007 care left the two plants 1) Detroit and $%e Canadian plant at \indser. E 5 1 I Cream 813 Gen Pet Gs. ... 5 Gult 0 ¢ S"Ran @ He ¥ Rub 614 Rub Pw Lt 7. 5 Tokio Elee Lid 6 Salesin & 2000 H e 8110 In: of Can 10 In X o 490 Inter Pei L s INDEPENDENT OIL STOCKS. in hdrds 28 Am Maracaibo C Sl BritAm oiL | Washington Stock Exchange SALES. Potomac_Elec. on Co.—10 at 991 at flvxa(«hmncn Gas Light—10 at 63% Wash Ry, c. pfa—2 6 o 25 & Elec. pfa. at 86 Commereial Lanston Mo 10 “at 851 851 10 4t | 10| .10 ational Bank— 10 50 at 85%. 10 at 8 AFTER CALL. Unfon Trust Co. Riggs National B 10 at 4. 10 at Bur. & Eiec. 48 & Elec. com, Mergenthaer Linotyper Money—Call loans. 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amertoan Tol. & Telen. 49 Washington Washington Waeh. Rwy. Wash. Rwy. & \n:r-l- LLANEOUS D. C. Paver Co. 6s Pot Joint Stodk Lid Hi. b Riggs Real tlong) .00 L Rizss Realty bs mm-u Southern Bldg. 614« S Wadh: Mict, Cold Storage 5. Wardman Park Hotel 6s. STOCKS. PUBLIC UTILITY. American Tel & Telga.. Capital Traction r Fashington Gas Norfollc & W igiss .,..’ National Capital Golumbin mmn & v.manw Federal-Ame: Liverty oln TRUST COMPANY. Ameriean Security & Trust. ental T Tnion Trust... .. 5 Wash. Loan & Trust Tnited S Wthihaton Mechasici FIRE INSURANCE. ceen 2”5 : 2'-1 % m! N!URANCE [ b ‘Title. 8 A Eease T 148 MISCELLANEOUS. C. Paper pf ) \fl’f hants’ Trans. & 5‘0?‘.’& 125 enihaler Linot iy 1st 55—$3.000 at 100% \ Bik ok DO R RS et e asiotes * 2oxatats Lo emo s ana bt A Rttotel 35 STOCK SPLIT-UP PLANNED. NEW_ YORK, September 28 (#). Akron dispatches say directors of the Miller Rubber Co. plan to call a spe- clal meeting of stockholders to approve a proposed split-up of common stock, either by reducing the par value or changing the issue to no par value. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY JACKSONVILLE, September 28.— The first boxes of the 1925 citrus fruit crop are moving to market. Prices are high, as,is usual for early fruit. PHILADELPHIA, September 28.— The interest aroused by recent flower shows in America has been reflected here in three large shipments of bulbs of various flowers shipped from Hol- land in the last fortnight. ATLANTA, September 28.—The drop in temperature has stimulated both wholesale and retail buying in the Southwest. Clothing has been spe- clally benefited. TOLEDO, September 28.—The Sin- clair Oil Co. has cut the price of gaso- line to 19 cents a gallon at filling stations here and in Cleveland for competitive reasons. DENVER, September 28.—The Great FA0 |ties, $ | iJosci;h 1. Weller sy manu 3 | Flour hard Winter straij Winter straights, 6.7547.50 Western Sugar Co. has cut beet sugar prices to 6.45 cents a pound to main- tain the differential below California cane sugar prices. Further cuts are anticipated, 000; manufactured 5,664,000, against 107 NY AMOU X 19 wmm HOUSES 5_, 70 1 RTY RESIDENCE TOANS AT LOW RATES FRED T. NESBIT | INVESTMENT BLDG. Main 9392 K. Septeml 1% Mexican dol N, September «d per ounce Discount rates month bills Bond Interest Compounded 77 ---$70 a year on $1,000 0 and a proportionate re- turn on the smaller denomina- tions, of $500 and $100. That is the income you can obtain for any period from 2 to 10 years by investing now in 7% Smith Bonds. 39-36a3% | FISHER'S PRICE INDEX. V. HAVEN, Cc ial) —Prices 1 03 Crumps her r.-,,..w NEW YOB.K FLOUR PRICES. NEW YORK, unsettled Moreover, under our Investinent Savings Plan, you may further increase your income by com- pounding yourinterest at the full == bond rate. Thus, if you have a $1,000 Smith Bond paying 7%, and simply reinvest the coupons at 7%, you will have, at the end of 10 years, nearly $2,000. Send your name and_address on this advertisement for our two booklets, telling the facts about 7% Smith Bonds and explaining our Investment Savings Plan. September 28 (4. Spring_patents and t 0a8.40; soft Money to Loan 3 of trust on e Warh: T & Trust bih & F W | LOAN —on First Mortgages on im- proved property in Washing- ton. Current rates. Prompt The F. H. Smith Co. Founded 1873 815 Fifteenth Strect--Main 6464 New York Washington, D. C. Pituburgh Philadelphia Miancapols HANNON - & LUCH Main 2345 Equitable Co-operative Building Assn JOHN JOY EDSON, President l-‘R l\ P. R (Irg.nlud 1879 TH Assets. . $5,031,814.86 Sumlll! Subscriptions for the 89th Issue of Stock Being Received The Time to Save Is NOW ‘While you have a steady income is the time to save. You can save with best results through the Equitable. It's a systematic saving plan being adopted by many. JOIN TODAY 915 F St. N.W. 1% Time Proven Real Estate Mortgages | OR over a third of a century this Com- pany has made conservative First Mort- ~gage Loans on improved property in the Dis- trict of Columbia. THE loans do not exceed 509 of the value of the property and are secured on in- dividual homes and income-producing busi- ness property and apartment houses. THF mortgage notes bearing 6% % inter- est are available in amounts of $500 and upwards. This Company, without charge, attends to all of the details in con- nection with the investment. List of offerings to mect the most exacting snvestment re- qusrements will be mailed upon request. H. L. RustT COMPANY 912 15th Street Main 6888 WASHINGTON, D. C. You have the property— we the demand tal will give personal per- As agents we vith rétu investments) out € the full ame sistent attention to your property 1dangering MOR 1 1|A(1l THE flk\l B. F. SAUL CO. Main 2100 925 15th St. N.W. MORTGAGE INV We Recomntend 713 and 715 14th St. N Liberty Radio Chain Stores, Inc. Nearby Suburbs Maryland Houses Business Properties Traded on N. Y. Curb Exchange Frank T. Stanton & Co. World’s Largest Dealers in Radio Stocks RANDALL H. HAGN MORTGAGE LoaN 15 Broad Street, New York N33/ Gonnecticid e rue, Telephone Hanover 1851 TMENT The New York Li Offers to Make First Mortgage On Improved Real Estate in t 5%.% ON APPROVED SECURITY Apply \() TES DEPARTMENT & 1U c@ WL Main ife Insurance Co. l oans for 3, 5 or l‘v year Apartments Office Buildings NER & GCOXMPANY GORRESPONDENT TelyphiomeNain 5700 When we were twenty-four--- 1893 HE financial history of United States has a_red p marking the year 1893. During months of that year there were a quar- ter of a billion dollars of commercial Industry was disorgan- ized. Panic reigned and Coxey's Army bankruptcies. marched to Washington as a pro against existing conditions. And yet through such storm and stress the business of the Swartzell, Rheem and Hensey Company con- tinued successfully in its location 916 F Street N. W., and was not fected by the turbulent condition the times. The founders had buil so well that the storm was weathered without trepidation. This sound building is back of safety of our first mortgage inv ments yielding 614%. Today they h the age siX test at af- of ded the est- ave behind them the prestige of our half a century of canservatismu . nsey G, 727-1 Street.NW. WashingtonDC. 1869--Fifty-six years without loss to an investor-1925