Evening Star Newspaper, October 23, 1925, Page 29

FINANCIAL. COTTON FUTURES HOLD VERY FIRM Traders Await Next Mon-| day’s U. S. Crop Statement. Early Price Drops. By the Assoctated P NEW YORK futures opened b 21.30; December, 21.19; Janua March, 20.65; May, 20.80. The market opened at a decline of 4 in response to relatively easy Liver Dool cables, Southern hedge selling #nd further liguidation. December contracts sold off to 21.14, within 4 points of the low price touched last bureau day, but at this figure demand increased and prices steadied on cover ing and trade buying. A private report, estimating the crop at 14,630,000 bales, seemed to create more doubt as to whether next Monday's Government statement Would meet bearish expectations. Ral Jies to within a point or two of last night's closing figure also were en- couraged by apprehensions of less fa vorable weather in the South. December was selling around 21.22 at the end of the first hour, with more ve months unchanged. October os8. October 23, v steady 5 to 16 points | was relatively easy owing to the cir- culation of a few notices. New Orleans Quotations. NEW ORLEANS, October ton futures i January, . The mar- - steady. considering Tiverpool was lower than Gue. trades showed losses of 4 to yoints, and prices eased off a points right after the call. t 47, January Marc The market raied s End colder weather in belt on a private 14,650,000 bales, which is recent private estimat the Western estimate of smaller than Noon Values on Cotton. NEW ORLEANS, October 23.—Cot- ton futures, noon bid - 20.66; December, 2 “otton Octo- January, 8. NICKEL PLATE MAKES FINE MONTHLY SHOWING Total Earnings for Nine Months Also Far Ahead of Last Year's Return. By the Associated Press. CLEVELAND, Ohio, October 23.— . Increase in gross revenues, in net rail way operating income and in the net income of the Nickel Plate Railroad are shown in the operations for Sep- tember. Gross revenues for the month were 34,508,329, an increase of $168,081 over September of operating inco Increase of $160,647, while the net in- come after all charges was $368,863, an ,536. nine months ended September, the Nickel Plate s revenues of $40,333,391, with shows an in- crease of $1,119.431, pared with the corresponding 'period of 18 TYPEWRITER DEMAND UP. , Underwood Beports Marked Gains Over Recent Years. NEW YORK, October 23 (P).— Foreign and domestic business of Un- derwood Typewriter Co. is showing substantial improvement over recent Years, with net income running at the e~ of about $8 a share on the com- mon_stock. The meeting of directors on November 12 is awaited with in- inasmuch as increased prosper- vears has of extra the first was $1,655,302, equal mmon, after The company reflected in dividends. Nef half of the y to $3.52 a share preferred divide has no funded debt. TODAY'S POULTRY ;ilICES. CHICAGO, October —Alive, i 2 16 ssters, SHORT-TERM SECUI‘ITIES. (Quotations furnished by Redmond & Co.) Adirond, P a PRI pRFNIE 232233552 e Bes “Called GEB.MAN BONDS AND STOCKS. (Quoted in dollars per million marks.) Rid BY WILLIAM F. HEFFERNAN. NEW YORK, October 28.—Specula- tive operations shifted from the ol shares back into other industrial groups on the Curb today, and the volume of business In all sections of | the list was again up to recent stand- ards. Throughout the first half of the session the facilities of the exchange were taxed to capacity in handling the volume of business. NEW YORK, October 28.—Follow- ing is an official list of bonds and stocks traded in on the New York Curb Market today: thousands, 8 Am Gas Low- El 65 . 13 Am Fow & L. 061 18Am P & L i new noey ot 3 14 am A o1 1013 101 | Anuconda’ds 28 102 46 Asso 3 Detroit &ty 0w 1 10 Detront s:‘. o B ot Ry December | .42 and | then | htly on the forecast of rain | i | 850 32 s oms Speme = 525502 333323338383 .60 v-zu-:Asmw' CERTIFICATES. +Quotattons furnished by Redmond & Co.) Your Banker Knnws When in doubt about a security {eonsult your banker. wuch his interest as yours to protect your savings. your deposits—why not trust him with sur investment problems? 10838 ed 4§ Tranwco 07 0 Walw'sy’ o 2 Webster Mil 613s. 100 Sales in FOREIGN NDS thotsands el P ity Colozne 61,5, 88 16 Eat RR France 75 8315 20 GErench Nat' 5 DR 1, 11 ToRo B} Pox 1 76 & Tokio EI Lt 2 Tyrol Hy EP Salesin STANDARD OIL 50 Aneto. Am Qi1 Somi ooy 5 o, FOseiy BRSSIBLERZE @ SuSuieaaaies. SEFESERT: Frr e @ ¥ PR~ SOt - e PO e g gy » ) FaR T Washington Stock Exchange SALES. 52!‘\‘(“)"“"""“ Gas 6s '33—$300 at 102, ash. Rwy, & Elec. 45—$1.000 at 79%. 1000 3¢ 50% Capital, Tracilon Co—10 at 104 20 04. 5 104,010 at 108%. 2 70, 4 Lanston Monotype—1 AFTER CALL. lmthmnnn Gas Light—10 at 091 Y at Mige. &' tov, ptd—40 at Jia frictfon Co o0 at 24 at 104, 10 at 104 ash Rwy. & Elec. pfd—10 a Washington” Gas ugm_ 0 at’ un 8%, Jo at 68 881 xonu—c.u 1oas 5 224 6 ver cent. Bid and Asked Prices. BOND: .10 at 5% 30 _at at 68, PUBLIC UTILITY, ele of ‘szm Traction R.R. 55. City and_Suburban’ 5a Georgetown Gas 1 Fotomar Ele: Wash- B & Fiec: gen MISCELLANEOUS. 5 Pot. Joint, Stck L'd Bk Rigis Realty 58 (Iong).. Riggs Realty (short) Southemn Bidg. 61as 1 Wash. Mkt Cold Sotra 29y Wi Park. Hotel” 8ar . 1011 STOCKS. PUBLIC UTILITY. American Tel. & Telsa. 1033 103 100 i . Rwy. & Ei . Rwy. & Elec NATIONAL BAN National Capital Ba | Columbia Commercial n National *Metropolitan. .. Riggs econ o;vumnu Bank of W TRUST COMPANY. 3891, 1371 SAVINGS BAVK ¢ erce Savinge Com W as shington - o1 siaten R S e FIRE IVSLBA\CE 22 TITLE INSURANCE. Title. golumbla Tigle, chmu«tous 1d. It is equally as| yid Dul .50 at THE EVENING STAR, WASHINGTON, D. C, NEW YORK CURB MARKET $395,000 PAID FOR THREE |$6066000)0066000¢/ Reocelved by Private Wire Direct te The Star Office Recent buyers of American Light and Traction were elated over the re- port of earnings for the 12 months ended September 30. These reached a new high level, with the net for the month of September at an Increase of over 16 per cent from September a_year ago. Features among the specialties were Trans-Lux, Kelvinator and Nizer Corporation B. all at new high prices. Mount Prod Foa E2 210 e s e 13 a3 T B ot - PR ;hn\‘ep EIDPL 1 Ventura Con, FEEFEISREL S thar pm 7Am Hawalian 8§ L & Trac. .. 276 DT I LI D DBt Do PR T et i it > SIS ayon 4 Superpow A Superpow B & El. o ] S e BE B RS W SR RRARRELR ST, & o 1 Eajerd & ar Fed Moto: ¢ 17 Fleischmann n_wi s;‘v ord Mot Co_Can 8; Forhan Co A B e 219150 D 1Tz FES SomRnis Do L 1 3 13 g 9 1 4 b3 b % 2 qz-l 9 Happinews Cdy 1 Hazeltine, Corp. 14 Heyden Chem 2 % Hercules l’nwder 135 i Hard X Iz rrs Weat Util i W G Nidvale . 2a3RIL5NERNER: SRR 2 T N O NI~ ERERE L R2UR5T NI = FE T A Sleep Rad vic o1 Son Gas & 33 Sou E P ou Dairies B. u West Bell nll e p23 = Dicisamseont s s O OO S Y TSRS B S ok 5 A B A D 1B D Dk KA S etk B 1e I D DA Lt OO A YD ST G386 353 SR o e = 1 i DA B FAS D DI D S B D S FEE Sales in MINING STOCKS. hundreds. 40 Calumet & Jerome .16 15 Canario Copper.. Fre i oo SRR ER SR B0 03 e R iy 80 s St i 3 G BAE PEFLE 3 Wenden Cop. 10 Yukon Gold FIRST DIVIDEND VOTED. NEW YORK, October 23 (#).—An initial quarterly dividend of 75 cents a share on the common stock of Lehn & Fink Products was declared today, payable December 1 to stock of record | November 16. ——— BUTTER HIGHER TODAY. CHICAGO, October 23 (#).—Butter higher; receipts, 10,638 tubs; creamery extras, 491, standards, 46%: extra fine firsts, 46%;a48; firsts, 44%adb%; seconds, 42a43%. Eggs higher; receipts, 3,054 cases; firsts, 42a45; ordinary firsts, 32a39. GAS STOCK OFFERED. NEW YORK. October 23 (#).—Pub- lic offerings today include $2,681,200 Rochester Gas and Electric Corpora- tlon 6 per cent cumulative preferred stock, serles D, at 100 and accrued dividends, to vield 6 per cent. FEF FEOE PERE FEEESE EF § 8 R STOCK EXCHANGE SEATS Names Announced of Men Pay- ing Highest Prices in Wall Street History. By the Associated Press. NEW YORK, October 23.—Three seats on the New York Stock Ex- change have changed hands for a total of $395,000, the record high price of $135,000, announced Wednes- day, having been paid by M. Boyd Zinman for the membership of 8. Vernon Mann. Walter C. Douglas bought the membership of Eugene Hale, jr., for $130,000, and Gordon B. Todd paid the same amount for the seat of Charles Lee Andrews. The three new members are New Yorkers. The previous record price had_been_ $126.000. REALESTATE LOANS (o R RESIDENCE LOANS AT LOW RATES FRED T. NESBIT | 'V‘ EST‘VIE\"I‘ BLDG. Main 93!2 Stocks 0dd Lots Carried o» Margin Buck & Company —BROKERS— Established 1916 312 Evans Building 1420 N. Y. Ave. N.W. Tel. Franklin 7300 Direct Private Wires to New York FIRST MORTGAGES FOR SALE Denominations of $250, $500, $750, $1,000 and Upwards 6'2% All Loans Made on Property Located in the District of Columbia JAMES F. SHEA 643 Louisiana Ave. N.W. LOAN —on First Mortgages on im- oved property in Washing- Current rates. Prompt rvice. SHANNON & LUCH| 713 & 715 14th St. NNW. Main 2345 pr to sc We Offer an Unusual Opportunity For Investors 7% First Mortgage Notes Secured on Northwest Residential Properties Denominations of $100 Up See Mr. O'Donnell. Mgr.. Mortgage Department [CAFRITZ COMPANY | 14th & K Main 9080 - . FRIDAY, WANTED ! SECOND TRUST NOTES Funds available for the pur- chase of all kinds nl second trust notes. D. GF earby Foat cmate. Prompt action in every case. Washington Investment and Transactions Co. i 715 14th St. N.W. Main 3662 First Mortgage Notes For Sale In Denominations of $100, 5250, $500, $1,000 637 Interest Secured on D. C. Real Estate Wm. H. Saunders Co., Inc., 1R NN Unlock the Wealth in Your Savings JEVERY dollar that you save has within itself a hidden wealth of earning power, which, over a period of years, can mul- tiply your actual savings. Suppose, for example, a man arts 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 vings and $20,671.91 com- pound interest. 77 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. No Lous to Any Investor in 52 Years The F. H. Smith Co. Founded 1873 Smith Building Main 6464 815 Fifteenth Street, N.W. OCTOBER 23, 1925. come-producing real estate in Washington, D. C. Construction Loans Made Pt % el Real Estate Mortgage & Guaranty Corporation 26 Jackson Place N.W. Resources—$2,500,000 L. E. BREUNINGER, President Mortgage Notes— Secured by Improved Real Estate In Washington Worth Double The Amount Of the Loan— Interest Rate Today 6%2%— Denominations of $100 to $5,000— Partial Payments Received— Mortgage Investment Departmens The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Maryland Suburbs for 3, 5 or 10 year Periods. Houses Business Properties 5% Apartments Office Buildings ON APPROVED SECURITY 4Apply RANDALL H. HAGNER & COMPANY MORTGAGE LoAN GORRESPONDENT oANo521 Gonmecticut Hoenae, TelyphomeHain 9700 How Straus Bonds Build Fortunes SHREWD investors throughout the United S:ates and many foreign countries are building independent fortunes through systematic investment'in Straus First Mortgage Bonds. Year by year investing and reinvesting they see their fortunesgrow. They select Straus Bonds because — Straus Bonds are investigated, analyzed and selected by the largest, best equipped and most thoroughly trained lending organization of its kind. The nation-wide operations of S. W. STRAUS & CO. permit us to choose the best loans in the most prosperous cities, avoiding localities where commercial or real estate conditions are unfavorable. Straus Bonds yield under present conditions as high as 6.25%. Straus Bonds have a satisfactory and steadily broadening market. These qualities appeal more and more, year by year, to all classes of investors, building fortunes large and small. Our booklet, “43 Years Without Loss to Any Investor”, tells you detailsabout Straus Bonds and the rigid and scientific safeguards of the Straus Plan. A copy is yours without cost or obligation. Simply write today and ask for BOOKLET 726-G FINANCIAL. Money to Loan Secured by first deed of trust on real estate. ling Jnterest and commission’ 420 Wash. & Trust Jouph‘l Weller & e Sk & ¥ NW 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 FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President More Than a Quarter Century Consider the enviable record of unqualified safety that stands back of your Wardman First Mortgage Notes—twenty-five years of steady satisfaction to all! Current Issues bear 6',% Interest Denominations from $100 to $100,000 WARDMAN ofJo Kot NC Main 3530 One-TonthA ;‘: How T Rngions” Foputas : uitable Co-operative Building Ass’ JOHN JOY EDSON, President FRANK P. REESIDE, Secret Organized 1879 45TH YEAR COMPLETED Assets $5,031,814.86 Surplus $1,352,749.93 Subscriptions for the 89th Issue of Stock Being Received YSTEMATIC AVING Make up your mind to join the Equitable’s systematic saving plan and save regularly each pay-day. Because thousands are now saving thru this plan is evi- dence that it’s best. JOIN TODAY Shares $2.50 ZI S.W. STRAUS & CO ESTABLISHED 1882 ~ 19555 W.S. &Cs, Tne. NATIONAL METROPOLITAN BANK BUILDING ‘WASHINGTON, D. C. Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR 915 F St. NW. STOP AND THINK Did you ever stop to think that to get anywhere in this world of ours you must put some of your income to work for you? A man may earn a good sal- ary or make a good profit from his profession or business, but if he spends all, what is there for Geeria him to fall back on? uarter L < You can purchase OUR 6Y,%, FIRST MORTGAGES on the Partial-Payment Plan and have an income working for you. B. F. SAUL CO. Main 2100 of a Century Without a Loss 925 15th St. N.W. 61% Time Proven Real Estate Mortgages DURI.\'G the past thirty-six years, the first mortgage notes purchased by in- vestors from this Company have proven sterling investment qualities of profit and convenience. the safety, The present offer- standards. ings maintain They are same high AFE, because the mprtgages are not only abun&antly secured by the property, but are the direct obligations of financially re- sponsible borrowers. PROFITABLE, because the present mort- gage notes pay 614 % interest. CONVENIENT, because the interest checks are promptly received by the in- vestor or his bank on the day due. H. L. RusT COMPANY 912 15th Street N.W. Main 6888