Evening Star Newspaper, October 20, 1925, Page 31

. FINANCIAL. PORK LOINS DROP IN'LOGAL MARKET Butter and Eggs Continue High—Plenty of Late Fruits on Hand. FEasier conditions in the meat ket this morning’s report the heef and pork markets was exception of pork loins dropped from 32 and 34 to 28 and 30. Butter and egg prices continue high Dealers exprese tne opinion that butter prices will remain high through- out the Winter season. Egg prices probably will come down, dealers say, A% s00n as exgs hecome more plentiful. Late fruits and vegetables are being raceived in quantities sufficient to fill all demands. 1= about over, good prices the few on hand. not in condition, being offered at low Butter—Fanev, store packed, 35 Eggs—Fancy, 35: averagze receipts white. §0 Poultry., targe. heavy turkevs, 122 large a2 Live tub, 53: prints, selected. candled. 46a47; alive—Spring chic : Lezhorn chickens. hens. medium hens, 35a38: ducks, 20a22 Dressed—Spring towls, 30a31; 26a zeese, ickens. 3 turkeys, 40 stock—Calves, lambs. Spring. 16; hogs, 15 Meat—Beef. 18; veal Jambs, 30232: hogs. 20 smoked shoulders, Fruit and Vegetahle Review. 14 Spring 1: loins, 28a30; hams, 30a3>. mar- “both | but prices were not materially changed, with the Loin prices | The cantaloupe season | Today's market report on fruit and | vegetables (complied by News Service RBureau of Agriculture Economics) says Apples—Supplies liberal moderate, market steady; barre ginia, A 2!; inches up, Grimes and Staymans, 6.00. boxes, Washington medium to large Delicio extra fancy. mostly 3.50. fancy. 3 fancy and combination extra fancy Spitzenburss. 2 : bushiel baske New York ches up. Huhber atons No. 1. mostly 1 Maryland Virginia and New York, Ne. 1. vari ons varieties, 1.25a1.50: few higher Cabhage—Supplies moderate; demand moderate, market steady: New York. ulk per ton, Danish type. 30.00235.00 | the Market | Celery— Supplies moderate: demand | e moderate 2.3 crates, Grapes- mand York rket Eastern moders Cbncord stedy: New mostly 2.5 supplies light market firm: New 2.quart climax bas quart climax baskets 3 Iy, 1.25° Western sup- moderate: demand moderate market steady: California. crates and ugs. Flame Tokavs. hest, 2.00; fair * condition, 1.25a1.75. Lettucy moderate, market crates Iceberz tvpe. hest, m, mome leafy, 4.00: New Jersey crates. Big Boston type. 1.50al1.75 Norfolk section. Virginia dofen crates. Riz Bosion type, some poorly headed, 1.00a1.2 Onions—Supnlies moderate. market and Massachusetts yellows United States tew small size. low as 2.0, Potatoes. ppiies moderate mand moderat>, market firm Sweet potatoes—Supplies liberal: mand licht. market dull: North Care lina. cloth-top stave barrels, vellows No. 1. mostly 4.00: red and ¥ams. No. 1, 3.00a3.50. Cauliflower—Supplies moderate. mand moderate. market dull ew York. Lonz Tsland, crates. mostiy 3.00 western New York, crates. 2.00a2 50, Cranberries — Supplies limited: de- mand good. market stronger: Massa- chusetts boxes. 5.73a6.00. York it plies steady: California demand York moderate steady: New 1 0. 1, 2.5022.60 de de. Washington Stock En;change SALES Cone. 52—S1.000 at 9o, Traction Co— , Traction, Co.—4 at 101 Pot 578t R4y National ‘Bank—3 at 400 Nail Mize & Inv. nfd—10 at g Cantinental Trist—3 at & AFTER CALL Capital Traction fe—S1000 at 801, CADIAL Traction Co—10 a1 1017 WathTnsion Gas Tigni—s0' A Canital Traction Co - Moner at Lo 10 at 1015 ~Call loan. 5 and 6 par cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY & Telga. 4s & Telga. 4758, etl. 1. 5e American Tel American Tel Am’ Tel. & Tel Anacostia & Pot Ana. & Potomar "% P. Telephone & € & P Telephone of ¥a. Camital Traction R. R. Cite & Suburhan As Georgetown G Potomac Elac Tntomar Elec otomac Elec o1. T Pow. z.m. & ref. Wash. Alex. & Mt Ver 5 ashl Alex & Mt V. etfa. Wash | Balt. & Annap. 5s. Washington Gaz 5a... . Wachineton Gas fs Wash. Rwr. & Ele Wash Ruv. & El- MISC D. €. Paper Co. fe Dot Joint Stock Ld BK igen Realty 5 (long) iesa Realty 5¢ (short).. Southern Blar. 6lss Wash. Mkt_Cold Storage 5».. Wardman Park Hotel fs STOCKS. PUBLIC UTILITY. American Tel. & Telza Canital Traction Warhington Gas Norfolk & Wash Steampoat Wasl. Rus. & Elec. com Wash. Rwy. & Elec. nfd NATIONAL National Capital Rank.. lumbia ... Gommerciai istrict Farmers & Machanics EM.H‘ -American Tat cons 5a s 1933 e LLANEOUS. ini 2813 2913 10113 23 101 BANK {herts incoin i National Mefropolian.. trzs - acond Nat, Bank of Washington TRUST COMPANY. American Sec & Truat.. 385 &Mlin!ntfll “Trust... erchanta Bank avines & Triai ational ‘njon T aeh. Loan & Trist... SAVINGS BANK Commerce Savings........... East_Waghington, Security Savinge & Commeree 323 vanth Street 190 ited States. ashington M FIRE INSURA merican . =2 orcoran iremen s National Union. TITLE INSURANCE. Columbia Title........ i3 Real Estate Title."0 150 MISCELLANEOUS €. Paper, pfd erchants, Tran renthaler, L NoTFeRitee s fmveat pa.. 1d Dutch Market com. 1d Dutch Market pfd Lanston” Monotye.... Seurity Stor. 2 Washington” Marker Yellow cah.... *Ex div. PORT BUSINESS DROPS. BALTIMORE, October 20 (Special). —1Imports and exports through the port of Baltimore last week both show- ed decreases, as compared with the previeus week. according to the wesk- 1y report of W collsctor-of customs, L llol"ut Supplies moderate: demand | 450} vk:." de. | | whire | l | body NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. NEW YORK, lation on the less excited today derly which movement. were rushe to stem | today. The ofls were the one group which | had failed fo share to others in the recent When buying orders began to come readily following and the buying was greater than at any other into the market attracted a public time in months. October Curb and The, to the front the late trading Monda d the flood | the feature from today of bull 20. Exchange the gener: of the list assumed a more or- shares. in| oil they selling, beginning —Specu- 5l in an effort | were to end the extent of movement. Magnolia Pete featured the Standard “when was group with a ri it changed hands NEW YORK. ing is an ofMeial stocks traded ir Curb Market tod Salen in thosanas 1"Allied Pk 62 VA Gas & EL Be Am Po & Lt b Am P & 1. ne: Am Iy Fas Aso & &E G AT S Har o 28 Beaverpoard 8s & Bell 1'Can 5s A 1 Reth sil 75 1an' Nat gy 2Cht R1 & P 5 « 73 23 it Serv 10 Civ serv 18 Cit Serv 28 Cit Serv aGes is D. P&l 1i on AUG & W IS 08 list 1 October of the BONDS. High. G813 s s wi 101 % 0t 104 110 31251001 13 Coszrove MC 638 973 11 Cuba Co N J 8 Cudaby 5133 3 Deere & Co 8 Detroit Ed 2 Detroit Ed 7 1 Detroit Ed 1 8 Detroit Ed A Gen 1 2 General Pet s 1General Pet 5e 16ult 'on Corn’sa ans C Term 4s Kans € Term 513 Lehigh Pow s . 1 Lie Win R Est 7s. 1 Long Isl Light @ A Manitoba Pow forris & Co 7148 Amer Cem BTy or Statea P §13 or & P M 838 o Pow he B A P& Lt 5¢ 57 Pure 01l Co 6128 1 Seahd Air 1. N N ol 0l i " & c Ae'A 2 Sch R Est 1at b e 3 SToze. Shart 6 11 Sthelstn PATL 6% O XY e R A 00 Swits & 6o il Rub Alye Run A% Rub 613+ Ruh a13% Ruh 12x Ruh 814 Ruh 612a Ruh f15a Run 6104 Ruh 4130 Rub 6138 im 01 Vorine O FOREIGN BONDS Te wi100%, 0 Anslo Chile 0 Gutx Colozna 675% ity Graz e 24 Bt 13 French Nat 7 Hunzar Cona'71; 14 Indt M Bk Finl ¥ King_Denmk 51 1Kz Neth B Medellin 8 Siem Ll Hal Swiss Govt 13 Thys Ir & St 1 Toho FI P Lt 74 1 Toko Elec Lt 88 10 Ruckeve P 1 100 Chesehr Mfs 700 Contin” 01l new 10 Cumberland P 1 10 Eureka P L 25 Gal Sig 01 4400 Humble Ol 2011 P L 1960 Tmp O Can new 50 Ind P L'exd 3100 Inter Pet € 3330 Maznoha Pet 10 Xorthern P L 00 Ghio O1) 0 Prar 0 e ¥ 190 South Penn Ol 840050 Ind 1008 0 Kansas 100 0 Kenfucks 10800 S 10 Swan & Finch 13600 Vacuum 01l Sales in hundreds. 10 Alliance 0 & R 11 Am Maracaiho Ark Nat Gas . Cardinal Pete Carih Synd 26 Caom 33 Creole Synd i Crown_Cent 5Guif_on 1 Kirbs Pet A1 Lago Pet Leonard il Clon (01} .z Livingaton Pat ex Panuco. nt Prod.’ . Bradford Oy Pe 1 Reiter-Foter O Rosal Can O & Ryan Con R R Fran 7s. 3478 1081 ANDARD 011 ian Synd. of Pa il ] R 3 Salt Creek Cons. Salt Shreven E D P 5Sun Oil.. Tidal Osage Oi 3 Ventura Cons. . Venezuelan Pat 3 Wilcox 0 & G ) R Creek Prod. L " ream 638 1101 1012 S8 ag 84 <9 a an as &R 138 R 288 05 INDUSTRIALS. Adirond_P Alpha Port LS Asto Gas & Elec Auburn Atias P C new E W Blise. . Bobn Alum Boissonnault G Borden Co pfd Bord & € new Bklyn City R R. Bucyrus Co.. Auto Co c Can'D Gin A new Car Light Celinlotg ¢ nid.. Centrif Pip Cor Chi Nip B Tt Cleve Auto Clev 3 Commonw P € Common Connor. 1 Bar Con G e Auto nm 2 "r‘," Continen Bak A. Continen Bak B Contl Bak pfd. Cuneo Press & Curtiss Aern M De For R C Den Tr N P wi 2 Dev & Rayn n vte! A Detroit Creamery Doehl Dubili Durant Die C Mot € & Rad Duz Co A vte.. East Texas Ele Fisenlohr & Elec Auto Lite | Bd & _Sh nfd 1B & Sh o £l Invest Inc Bros cor .#w Motors o Metals T a Ry Pow Glen “Alden Coal Goodyear Tire T rennan Bak Grimes R & C & Happiness C St 5 Heyden Chem 2 Hillman "R R A 7 4 Hilman R ptd 2 Horn & Hi 13 Industrial cean Intl Ctil B 0 Johns-Manvilie e i1 i 13D D D b o SRR S P 2D% s o0ReRRR: F 225 pnSnis 383BE, TSP PR 5203 i L o 100 8 10 10 e of 4 points at il —Follow- | onds_and | ew 5 8y 5 1y 01n 48, 104 1 108 10 0 104 1y 10; a 10: 104 10: 16 100 188U :% 2 SIS et b S g o 2 ~Foruiman £ 239 5 81, 3 0 x! 430 5 01y INDEPENDENT OIL STOCKS, 2 o 53825553 R53RENNHHRE roatis 5385 ER 0B SAZE RE P e 3isman SR SRR (253 York 545 76 0% is weon | 867 1018 10045 901, 125 1 100 o 103 1 —aBEE Sy za = nu= | tories at 95 cents to $1, 33332 53 [3 S35 Emn B iR e THE EVENING STAR., WASHINGTON. closely followed by Standard of New York, which is said to be negotiating for control of the rhinority stock of the former company. | Vacuum easily crossed par. where it | compared with the Monday final. Standard of Now York. Humble Oll | and Ohio Oil were up a point or more and others bore their share in the improvement. New Jersey Zinc, sell- | Ing ex-dividend, 2 per cent, opened at | 196, as against the previous close of 201 . but suhsequently retraced the loss.” Victor Talking Machine sold at 100 again and stocks of electric re frigerator companies were disposed to | recover. | Lehigh Power featured the public | atilities with a rise of almost 10 points to & new high record. and American Light and Traction at 247 gained 5 | points. o i Weat Tti) (10 Weat Ttil of 14 Weat U prin 1 \dvale Cn.... Miller Rubber iller Rub n_wi Miss Rivar Pow. 113 1 Hoore DF Aex-d 683 ;_, e ELErEE > TaBIACR RSB0 e T0a38 = 2ZailuBelhn BB Tel Co pld 11 Pl new wi K Pl nopf wi Nizer Corn B o ont Lt & Stated PCA 1 or Sta P € ntd 1 3 omuinis © T on: s 1 Pitsozh & LE 5 Power Corn N Y LS Prat & T ¢ 1% Proct & Gamble i Pue Sonnd P&L 2 Purity Bak A i burity Bak sisl T €A B Rem 3ot Trk wie & Lt pf ! Candy " Richmand ‘Rad n Rich Rad nw nf 3K 1 Sierra_Par F 3 Serv El Corn A . 2 Qleen Rad vie 19 Southeas P & L aSou Cal E ex 9S0u Dairies A 15Sou Daires B 'y Sonthw Bell nfd St Pow & FI A Stand Puh € A CSta’ Serew 1, Std Tex Pr B ot 2 Stutz Mat € Swift Intl 1 Thermiod Rad '€ i Thomn RC_ vte 14 Ton Prod Export 1 Todd Ship 28 Trans Lnx Pit & ulip Cup Corp thize A € B v Carbide Cnal vie E new | Walworth Mg 3 Ware Radio... . ¥ Warner Bros ‘Pic 'y West Pow nf 13 West Pow ctfs d 6 Wilson & Con wi MINING \T(K‘K‘ Globe ¢ e & Wesi 10 Calimet & Jer 19 Canatie Con # Cons Cop M TCop Rance 10 Er o ol Jalores Eaper 11 Ene 'S M Lid Yt Thou & 5 66T Coln Min 10 Hawthorne M 1 3 I § Hollnesr ; 3 Hecla Mine 29 Kay Cop Cor 10 Kerr Lake 1y N7 zimec . *h Nidiraing 54 0o Copoar 38 Parmac BN Lid 2 premier Gold) M 350" A, Gold & P T Tononah ™ Ext: 10 Tr Bullion {Tn Verds Ext 10 Wanden " Conper \FRENCH LOAN SOLD AND BOOKS CLOSED| “Snbxcriptions Expected to Total Between Six and Seven Billion Frano: Br the Associated Pres PARIS, October 20.—Subscriptions ! for the 4 per cent gold coupon loan, | books for which were opened July 20, | clored today. The exact amount sub. scribed {5 not vet known, but it is esti mated at between six and seven bil lion francs. The purpose of the loan was to con- vert as much as possible of the 67.- 000,000,000 francs of short-term na- | tional ‘defense bonds into long-term securities. It was hoped at the incep- tion of the Joan that it would retire between 15,000,000,000 and 20,000,000, 000 francs’ worth of short-term paper. | STEWART WARNER VOTES $1 EXTRA DIVIDEND NEW YORK. October 20 (#).—Di- Lrectors of the Stewart Warner Speed- ometer Corporation today declared an extra dividend of $1 in addition to the regular quarterly payment of $1.25 a share on the common stock. ! Since the company ext its regular dividend in half in August, 1924, it has increased its earnings siibstan- tially as a result of the laxger sales Jof automobiles and the mawufacture [of radio equipment. PIPE PRICES ADVANCED NEW YORK. October 20 (#).—Uni- versal Pipe and Radiator Co. has ad- vanced prices of all grades of soil pipe land fittings $5 a ton. | AeiEar | RUBBER TREND UPWARD. NEW YORK, October 20 (Special).— Crude was steady at $1 today, 8 cents higher than a month ago. A year ago today the price was 32 cents. t | WOOL MARKET STEADY. BOSTON, October 20 (Special).— Prlces held firmly in the wool market | today on good mill demand. South | Americans were wanted at higher {prices and pulled wools moved more | freely. Sales of quarter blood terri- clean basis, Eastern -buy- aggressive. — BUTTER LOWER TODAY. CHICAGO, October 20 (#).—Butter —Lower; receipts, 12,482 tubs; cream- lery extras, 4814a49; standards. 463 | extra firsts, 47a48: firsts, 45a46; sec. jonds, 43a44. Eggs—Higher: receipts, 489 cases; firsts, 42a4 ordinary firsts, 32a33. | F | have been noteworthy. | ers are not particularl , POULTRY U’NSETTLED CHICAGO, October 20 UP).—Poultry | ~Alive, unsettled; receipts. 20 care: fowls, 15a221%; Springs. 20: turkeys, 25; roosters,’16; zeeee 19; ducks, 19. DRY BOODS MABKET NEW YORK. October 20 (Special).— Raw silks were quiet and down 2% cents for the XXB variety today. Cotton prints were quivt snd from 4 0 % cenl down. | property {17, SEEKS INCLUSION IN RAIL MERGER Small Road Tells I. C. C. Fu- “ture Depends on Joining With Nickel Plate. Officers of the New York and Penn- svivania Railway Co., which operates 56 miles of railroad connections with he Erfe gystem at Canisteo, N. Y. asked the Interstate Commerce Com- sion today to require the inclusion of their line in the Nickel Plate merger. Unleas some such action ia taken, it was said, the railroad might have to suspend operations. G. M. Beasor, general manager of the Short Line, estimated that its recent annual loss incurred in opera- tion was ahout £17,000. Residents along the line had contributed to make up its deficit They were now “confidently relying on the commission” to require the to be taken over when the five large railroads tentatively linked together by the Van Sweringen plan had completed their merger Counsel for the New York Pennsylvania called to the stand W. A. Colston, vice president and attor: nev for the Nickel Plate in the con solldation. Mr. Colston was asked if he considered that the public interest was the paramount consideration in the permitting of railroad mergers hyv the commission and he agreed that was an important consideration though he Insisied It was not only ona. He was not whether the merger {llinz 10 take In the New nnsyivania line W.. B. & A. COMMON STOCK ADVANCES ONE POINT Special Dispatch to The Star BALTIMORE. October ‘Washington. Baltimore and Electric Railroad common an advance of 1 point with the precedinz sale. are responsi ble for reporis that important de- velopments would soon he forthcom Ing. The financial district expects that e property. together with the West. ern Maryland, will eventually pass to the control of the New York Central system. thus giving that road entrance into Baltimore and Washington OIL FIRM RETAINS LAND al the asked specifically promoters were York and Annapolis &tock, at UNDER WATER IN TEXAS | Speeial Dispaich 1o The Star HOUSTON. Tex.. Octoher fon by the courts that 4 and in the Goose Creek oil field was submerged by artificlal rather than natural causes leaves title to the prop- erty in the hands of the Gulf Produc tion Co. When to extraction of large quantitles of gas and oil. the State attempted to claim it as submerged territory. More than 200 wells have heen drilled on the land. and some of these still are producing under pump. RUBBER ISSUE SOLD. NEW YORK. October 20 () Stock holders of Miller Rubber Co. have ap proved the reorganization plan pro. viding for an isue of five shares of new no-par-value common stock for each share of the old $100 par. Sale Yof $4.000.000 par value unissued 8 per cent _cumulative preferred stock at $103.50 a share also was authorized All of the new fssua has been sold. DOL{E MINES INCOME. NEW YORK. October 20 (#) Dome Mines. Ltd.. reports tofal in come of $1,524.597 for the nine monthx of 1925, after expenses and taxes, but hefore depreciation and depletion against $1.587,938 a vear ago. DIVIDENDS. Pe- Par riod_ Rate_ able. $1.00 Dec. 30 Dec > Stock ot Bordan Cn. . ov. 1 Skelly’ o1l 1 13 RICH TIMBER AREA TAPPED. SPOKANE. Wash., October 20 (Spe- cfal)—The Rreatest stand of white pine timber in the United States will be tapped by a 4l-mile line of the Northern Pacific, starting from Oriffno, 1daho. the contract for which has just been let to Twohy Bros. The line. which will extend into the heart of the Clearwater timber area will cost between $3,300,000 and $4,000,000. WILL RETIRE BONDS. \EW YORK. October 20 (#).— Howe Sound Co. will retire its out- standing bonds of approximately $2.- 600,000 on January 1. 1926, by issuing one share of treasury stock at a share for every four shares of stock owned. which will mean an of almoat 100,000 shares. give the company about $1,200,000. The halance of $1.400.000 will be taken from funds on hand and cur- rent earnings. AFTER WESTERN POTATOES SAN FRANCISCO, October 20 (Spe- clal).—Potato prices are strengthen- Ing dally on the West Coast with This will | fuller realization of the short Eastern and Middle Western crops. Eastern buyers especially active in the Pacific Northwest. payving as high as $50 a ton for the orop. STOCK ISSUE RETIRED. NEW YORK, October 20 (#).— Barnett TLeather Co. has retired $500. 000 of its preferred stock. leaving $1. 000,000 outstanding. Common stock outstanding amounts to 40,000 share: TREASURY CERTIFICATES. (Quotations turnished br Redzond & Co.) T, 5393307 | 223983333 ,-_-r::.:zrr S SHORT-TERM SECUMTIES (Quotations furnished by Redmond & Co) 0 Adir. Pwr. & Lt. 65 1920 .. Alum. Co_of Amer. 7¢ 1633 Amer. Beet Sugar 68 1935 Am. Tel & Tel. 1a 1029, Anaconda Copper 6a 10Z0 Associated OIf 61 1035 Balt. & Ohio fx 1929, % Bethlehem Steel s 103800 );Js‘. -é»: 3333 R 5293552 o BIRSEEEID) S 53233555552355 & d el nlm oot Tra e : ulf Oil Corp Pl.kfi - I“D"! _., 22335333333333532 5353555 E 503 50%! PERo232553533 55553555255 & 2 °3333 e ubber oise E & at10i% Fesiorn -6 & T TR PRy I R 35332 8 3550 @333, . i | 20.—Sales of | compared | the land settied. due ' v 18 | $12 increase | . | ship in the organization. was declared D. C, TUESDAY, OCTOBER 20, 1925 !Cuban Raw S ugar Is Lowest Todav Since 1922 Drop By the Associated Preas. NEW YORK. October the first time since January Cuban raw sugar sold in York today ar > cenis a pound. With the addition of the duty, however, the net price laid' down in New York would he 3.77 cents a peund. EVERYMAN'S INVESTMENTS | | RY GEORGE T. HUGHES. | Passing of an Opportunity. Opportunities to invest in honds | of northern Furope and of neutrals in the late war on a 7 to 8 per cent basis. such as were abundant four and five veara ago, have now definite- | Iy passed. These governments are| calling for redemption the high con pon rate bonds they issued in 1920 and 1321 just as fast the pro-! { vistons under which the loans were | originally floated aliow i Two instances will suffice for il- ion. In 1921 the City of Bern,! tzerland, sold 36.000.000 in 8 per Dbonds in the New York market price of 93. This entire issue | | has been called for payment on Max 1 next at 107 and the funds to he provided for this purpose will be ob- | tained at a large saving of interest 1o this Swiss city. About the same | time the Bern ua was sold the| | Kingdom of Denmark marketed in| | New York $25.000.000 in & per cent | | bonds at par. This issue also has| | heen called for pavment on October 115, 1925, at 110. In this case the| | monevs for the retircment have heen {provided by the sale of a new issne {of Denmark bands bearing 52 | cent coupon. Here. too. there |iarge savinx (o the dehtor | | Other § per cent honds put out by | these countries and municipalities in | 11920 and 19 will undoubtedly retired at the first apportunity Swiss government has an 8 per issue put out in 1920, which. how- | ever, cannot he called until July 1 1930 and then a1 165 Meanwhile the bonds are sellinz in the npen market around 115, <o that the vield to the investor who buvs at the present price would be only a lirtle over per cent ssuming that the hond is called five years hence | There are srill plenty of chances | t0 buy foreign honds with high vields | but mot of ihe quality that charac- terizes that of these north Europ | powers. Probably the retiring these & per cent honds marks end of an era. (Coperight | a per | inoal ot the 19 |STOCK MARKET CHANGES | * DURING DAY'S TRADING | Brcad Fluctuations Were Led by Motor Shares, Summary Shows. 20 ) Yesterday's NEW YORK, October tollowing table lin yesterday's market of fluctuations and the volume of trading in principal mators Siocks High General Motors 13015 FEEN ~The Low . 100 | ¥ a00 1 aon | Cont’] Motors | Hudson Outside the motors. chief inferest | | centered in the following issues Close. 1283 | _ Stocke . Y. Central Sales AR.100 #6500 | 50.800 | 3000 HARDWARE SALES ARE | REPORTED lMPROVlNG; | Special Dispatch to The Star. | "NEW YORK, October 20. Hard. | ware Age savs | “®lardware dealers generally report | a consistent improvement in sales during the pasi week. Staple items | are moving in a satisfactory way. \Fall merchandise is particularly ac. {tive, and early preparation for holi- i |day selling campaigns suggests every | {confidence in the current and near | | future hardware market. | “Wholesalers report that improve- | ment was not as marked last week | as it has been during the past month, | but that the present volume of fu.| | tures already on the hooks is in itself an encouraging sign. \With the ex ception of the Atlantic Coast section, | jobbers report a slight improvement | in collection.” | MARLAND OIL’S NET UP. Company Reports Nine Months’ Earnings Ahead of 1924. | NEW YORK. October 20 (P).—Mar. ! jand Oil Co. reports net income of $13.690.029 for the 9 months this year. equal 10 $6.57 a share after deducting estimated Federal taxes of $725,000. This compares with net income of 1$1.233.767 for the same period of 1024 {afier dedueting inventory adjustment of $3.376.%64, equivalent to 79 cents a share. The third quarter's net in- come was $5,419.658 after interest. de. preciation and depletion, but before . Federal taxes, against $4.462.300 in the preceding quarter and $348.183 in the | | third quarter of 1924. Total current | {assets on September 30 were $29.987. {500 against §23.47%,165 at the close of 1924, TEAGLE IS EXPECTED T0 HEAD STANDARD OIL Special Dispateh to The Star. NEW YORK. Octoher 20.—Directors | of ‘the Standard Oil Co. of New Jersey within a few days will elect Walter C Teagle, now president of the company to the chairmanship of the hoard made vacant recently by the death of A. C. Bedford, according to reports circu- lated in Wall Street today. George H. Jones, first in the list of vice presidents, who rose from a clerk- | to be slated for Mr. Teagle's present post. DAIRY PRODUCTS. BALTIMORE, Md., October 20 (Spe- cfal).—Live poultrv—Spring ahickens, pound, 20a26: Leghorns, 20a23: Minor- cas, 20a22; old hens, 17a27; old Leg- | horns, 17a18: old roosters, 16: ducks. 20a26; turkeys. 36a40; pigeons, pair, 25 230; guinea fowl, each. 70a80. = Egas—Recelpts, 1,163 cases: native and nearby firsts, dozen, offered at 46 and 47. Butter—Good to fancy creamery, pound, 47a52; prints, 52a54: ladles, 42a 43; store packed, 40: dairy prints, 40a | 42; process butter, 46a47; rolls, 40a42. RATES ON BAR SILVER. LONDON, October 20.—Bar silver. | 325-16 pence per ounce. Money, 33 per cent. Discount rates: Short bills, 313-16 per cent: three-month bills, 313-16a37% per cent. NEW YORK, October 20.—Bar sil- ver, 71%; Mexican dollars, 5%3. - For selling stolen whisky at $1.20 a bottle on the streets of Sutherland, Seotland, recently four men ware seatenced to one moath in jall each. {Frosts Believed Too Late to | covering, but was genera } froste in the belt fand | party | plant i generator i ply illustrates the extent | ! PRICES HOLD FIRM INGOTTON MARKET | | | | 'Damage Crop—Larger Exports Promised. By the Associated Press. NEW YORK. October 20 futures opened steady. October, 21.90; December, : January, 20.9% March, 2 May, 21.43. The market | opened at an advance of 14 points on October, which was influenced by iy unchanged relatively | of further ~Catton 10 firm 2 points lower cables and despite reports | The effect of the frost news seemed | to be offset by the belief that the crop | was 100 early to he serlously damaged by cold weather. There was a =ood | deal of hedge selling here as well as | quidation of long accounts in Vnflr early trading. Rumors that one of the i privats authorities had increased the | crop estimate from 14.182.000 bales at | the end of September tn 14.800.000 probably encournged some of the early sellinz. but offerinzs were absorbed by trade buving or covering and held | fairly steady. December selling around 21.6%, or about net unchanged. New Orleans NEW ORLEANS, October 20 (#).- Cotton futures opened steady, Octo ber. 21.10. December. 20.99; January, March, 20.93:; May. 20.90 arker | opened little change, although Livery was I better ~ than due First ades showed no change to 3 points down after zaining a few points ter the call, prices eased off slightl December trading down to 20.98 Jan uary to 20.35 and March 1o 20.62 ”‘9‘ pening was atiributed 1o the weathe: not as predicted prt-y'< pre be large today. as the( 501 hales cleared by Orlaans and 23,63 by Galveston | % this morning Quotations Around Noon. NEW ORLEANS. October 20 on futures noon bids steady. Ja 93; March, 20.90; May, 20 ber. 20.98: December NEW YORK. October futures 11:45 a.m. hids steady ary. 20.85: March, 21.15. May Octaber nm-m!m 1.5% Quotations. he New Cot nary Octo. 20, —Cotton Janu 21.31 {$10,000,000 POWER PLANT STARTED IN BALTIMORE' Special Dispateh to The Star BALTIMORE. October Consoiidated Gas, Electric Light and Power Co.. which rontrols gas and electric distribution in Baitimore, has pegun work on a generating station which will represent an investment of £10,000.,000. initial installation will be a 35,000-kilowatt turbo- or approximately 48.000 horsepower machine. which will sup electricity at 60 cycies and 13, volts. The complete station will con sist of four similar units, a develoy ment of 192,000 horsepower The about The of the new CATTLE SHIPMENTS UP. RICHMOND. Va.. October <hipments of cattle from south west Virginia in 1925 promise to he the largest in the last fa vears, or for the time that records are available according to information obtained by the United States Bureua of Agricul tural Economi P T S o ST Continental Trust Company Capital One Million Dollars 14th & H Streets REAL F.STATE LOANS 5%”{ (\\' \‘(Ol NT PROPERTY RESIDENCE mA S AT LOW RATES FRED T. NESBIT INVESTMENT BLDG. Main 9392 THE MUTUAL SERIAL BUILDING ASSOCIATION Organized Oétober, 1892 Under Gavernment Snpervision Subscribe NOW for Stock in the 34th Series Shares $1 each payable monthly 6% Interest Paid on your savings at maturity Joseph Goldenberg President Thomas E. Petty Secretary 1421 U Street N.W. J. Walter Stephenson Treasurer 306 7th Street S.W. Wealth in Your Savings EV!RY dollar that you save has within itself a hidden wealth of earning power, which, over a period of years, can mul- tiply your actual saving: Suppose, for example, a man starts at the age of 25 to invest $10 a month in 7% Smith Bonds, and reinvests the interest at 7%. At 65 he will have $25,671.91-- $4,800 representing your actual savings and $20,671.91 com- pound interest. 7? SMITH BONDS are sold 0 outright or under our Investment Savings Plan, which pays 7% on savings of $10, $20, $50 or more & month. Send your name and address on this adver- tisement for our free booklet. e s + NoLess to Any Investor in 52 Years The F. H. Smith Co. Founded 1873 Smith Building Main 6464 815 Fifteenth Street, N. W. Phiisdelpbla New York Minneapelis Pittsbargh n‘{n»oio« Money to Loan Secured by first decd of triust on real estate Prevailing inferest and commission 20 Wash. L. & Trus Joseph I. Weller §;0 Wash- L. & Trust FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, QUICK LOANS . On Your Real Estate Equity $100 to $5,000 No Waiting—Courteous Service District Loan Procurement Co. 117 F St. N.W. M. 1438 Boancs. i Fotomae Bank Bldg.. ‘Ak’l?‘llri A v at M St Open e Exeninzs 7 President * < * * § z ! * * * * * WANTED ! SECOND TRUST NOTES Funds available foP the pur chass of all kinds of secon trust notes, secured on D C r mearny real sstate. Prompt fetion in evers case Washington Investment and Transactions Co. 715 1ith St. N.W, Main 3662 North American Edison Company Preferred Stock Cumulative Dividends, $6 n share per annum (Pretorred as 1 Assets & Dividends | sarnings 0! the and. ita subsidiarias ooz charzes. as ported” for’ tha twelta; months el Sine 300 1925 ware more han ALL times the an AT Artidend ‘requirements on e 0000 shares ot pre ferred stock presentiy to he outstanding Price $97 per Share and accrued dividend, vielding about 6.18%, The National City Company Washington 741 15th St. N.W. Telephone—Main 3176 122222222 Combined Compans after al) h $ 3 3 $ 3000 AN INVESTMENT No Stocks No Bonds No Fluctuation An aggsol safe investment, under Government control, re turning 53,7 Interest An Income for vourself or fam ilv, not affected death or financial condic Racked by company of over $£250.000.000 ns ;. Let me expiain, then con tvonr banker or lawyver itely “hov 5 ‘W. N. BURR ilding Phone Main ALRLRATTARRARARNASR NN s MONEY TO LOAN! We have a large fund avail able for First and Second Trusts. Applications especial Iv invited on residential prop- Reasonable terms and terest. N. L. Sansbury Co., Inc. 1418 Eye St. N.W. Main 501 | “PLEASE |STAND BY” has /\\\\\\\\\\\\\\\\\\\\V : biecio et alkhonsebiold phrase RADIO holde sway We would like to app! this 1o the investing public well \\\\\s{{\\\sx\ S wharev AATHALLR LT AR SRS RSN Don't act hastily and “LISTEN IN" to the smooth-tongued pro- moter of worthless stocks, but “STAND BY" the fundamental of a safe investmen: program by purchasing FIRST MORT GAGE NOTES on improved re. estate in this eity. First and second trust real estate notes secured on in- come-producing real estate in Washington, D. C. We have them in denomina tions to suit every pocketbook and the interest vield is liberal. 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 Our Mortgage Investment De- partment will cheerfully send literature and supply details [SHARNON, & LUCHY 713 and 715 14th St. N.W. Main 2345 in The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and I\earb) Maryland Suburbs for 3, 5 or 10 year Periods. 5%% ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY MORTGAGE LoAN GORRESPONDENT 04;;32/ %m&‘ad‘.a'f%mmu.‘ F-w Dependable Administration —of your interests as holder of one or more Wardman First Mortgage Notes, is assured you through the personal attention given by the officials of this organ- l7flnfln. Houses Business Properties Apartments Office " Buildings Current Issues Bear 613% Interest D-nnmin.m'm From $100 to $108,000 MAN mpany \eMain 3530 COnst Housing One-tenth of Washington’s Population t'l.O N . Capital and Surplus Your Foresight ~ —in having appointed this institution to act as Execu- tor or Trustee under your Will cannot fail to werk to the best interests of those vou leave behind, Our Trust Officer will be glad to confer with you about this important tepic. National Savings & Trust Co. 58th Year Oldest Savings Depository in Washington Cor. 15th and New York Ave.