Evening Star Newspaper, October 24, 1925, Page 25

EIN ANCIAL. MEAT PRICES OFF DURING PAST WEEK Only Best Grades of Beef in' . Good Demand—Eggs Are Still High. Fasier meat the week's market. tations wer of baef. hut enly demand Veal chavacterized Al sorts of quo- the top zrade wax in ane the iwmb prices and lamh marker veported Shot 10 pieces’ the previeus waek fmproved o sneh an axtent rhat ner- mal prices ars axpecied 1o rule the coming weelk. prices increased early in t weal sontinied high. and this mor iz the markel was Ing a rrifle strar change in prices. Dealers say it r. it with ne is possible that pul lets will bezin laying the lartar part | of the coming month and so greatl increase the vacsipts that prices will drop. The hutter market slsn continuas firm. prices today heing the same as at the opening of the week's market and prices of most fruits and vege- tables remain unchanged Wholesale Prices. tub, prints candled. 50z henner: . selectad aver receipts, 46a47: white, 0. Poultry, Jarge. 8§ se alive — Spring _ chickens, Lezhorn chickens. heavy hens. 23 medium hen 5 turkeys, 35438; ducks. 20a22 e 1 215, Dressed—Spring chickens, large. 30232 towls, 30 i turkevs, 4024 Live stock —Calves. 14: lamhs. Spring, 14: hags, 1215a13. Meat—Beef, 17a1%: lamb, veal. 1822 Fruit and Vegetable Review. Market report on fruits and tables (compiled by the Market Service Bureau of A nomics) says Apples—Supplies Wlow. market stead ginia Grimes, A 215 incles up. few sales, mostly 6300 A 21; inches up. fair condition, 4.75a5.00; boxe: Washington, medium to large size, extra fancy, Delicious, 3.25a8.50. mostly 3.30: fancy, 3.00: Staymans. axtra faney, best. mostly 3.00; bushel haskets, Maryland and Virsinia, No. mans, hest. 2.00: fair quality. Tonathuns, mostly 1.50: varlous ties, 1.25a1.50. few higher. Cahbage—Supplies modersta: de- mand moderate, market ahout steady New York. bulk per tan, Danish type. mostly 30.00: demestic. round type 23.00227.00, few hizher. harrals nacked locally, Copenhagens, Danish 1vpe, 1.75 Celery Now Cheaper. Celery—Supplies liher moderate. market weake two-third crates, 2.2542.50 Grapes — Eastern ern supplies heav: srate. market steady: Pennsylvania, 12-qt. “encerds. mostly 1. crates, Flame Toka condition, 1.30a1.75. Lettuce — Las western supplies liberal: demand mod- erate, market steady: Virginia, Nor- folk section, 2 dozen crates, Big Bos. ton tvpe. leafv. poor condition, 30a75 fexn high alifornia. crates, Iceberg tepe. 4 50; few higher. Onions—Supplies moderate: dem: moderalé, market sieadv: New V. and Massachuserts, 100.1h. cks Ye! (5 No. 1. mostly .50 Michi 100-1h. sacks. Yellaws, 17 & few higher Potatoes Are Higher. Supplies moderate: demand moderate, marker sterdyv: New baskets Seckele, mostly ar boxes, Rose. fancy, 4 -Supplies moderate: moderate. mark Mirhigan, B No. 1. 45044 set Potatoss—Supplies light mand moderate, market steady: North Carolina, cloth-top stave barrels, Yel lows. No. 1, fuir condition. 3.50a3.75. Cauliffower—Supplies libera de- nd moderate, market steady w rk, Long Island crates, mostly “round other 2.00a2. liheral: demand barrels Aemand New York. few higher sunplies light demand mod New York and climax basket Californias, : fair supplies light: nd gan stronger; te: de steady 1dens. higher demand Florida moder ket and few lizht stendy; mode bhoxes medinm size Oranges nlies maderate, market hoes, 7.00:8.00 ts an CHICAGO LIVE STOCK MARKET CHICAGO. October 24 (United Stata. Department of Azvienlture).—Cattle— Receipte. 1.000 head: compared swith el azn fed steers of value to sell 1200 downward. and most vear- 1 30 lower: long fed. matured steady: choice kind. with Stronz: ranze and meaty grass steers mostly 25 to oft: stackers and feeders. steadv to 23 lower: approxi iatelv 23,000 Westerns frered as compared to 24,000 a week #go: extrems fop 1.483 and 1.491 pound steers, prime vearlings nn Montanas, 1 fat she stock about steady: canners and cutters. strong to 10 hizher: bologna bulls around 25 high veal calves. 75 to 1.00 higher: week's hulk prices follow: 23021 arass stee Fnws, 4.1526.00: haifers, ners and cutrers, ralves, 1 re. 6.00a7 Hngs—Receipts v 10 1o cente Aav's average: nound weight weight killing 300 head: masi- higher than Fri- aorted 160 tn 300 11.00a1150: latter price extreme top: ne lght and slaughter pigs sold: packing sows, 2.0029.85: shippers 1.500: estimated hold-over 3.000: average cost er and shipper droves hogs here 10.51; weight pound weight hogs. 11.00a11.35: me dium. 11.10a11.40: lights. 10.90a11.50; packing sows. 9.00a9.85. Sheep—Receipts. 500 head week around 1000 direet and cars from feeding stations: today's market, nominal: compared week ago. slaughter lambs steady: feeding lambs. strong o cents higher, far sheep. strong: tops for wee ¥at lambs. hoth native and range. 1550 feeding lambs. 16.00: fat vearling wathers wethers, 2.75: ewes. 835 week's bulk prices follow: Fat Jambs, 14.30a15.50; feed- irg lambe, 15.00216.00: cnll Jambs, 11.0021150: fai swes 500, for 1 DAZi!Y PRODUCTS. LTIMORE, October 24 (Special). —Live poultry—S8prinz chickens a 7 pound: Leghorns, “0a2:: Minorcas. old hens. 17a28; old Leghorns. roosters, 16 ducks, turkeys. 42a o, 3 25230: guinea fowl, 18: vyoung turl pigeons, pair, 240: each Eggs—Receipts, 367 cases. native and nearby firsts, dozen, 47a4s. Butter—Good to fancy creamery, pund, 48a53; prints, : ladles, 42a packed, 40: dairy prints, 40a process butter. 46a47: rolls, 40a42. Me.. 41 RIDDEFORD. October 24.—The Papperell Manufacturing Co. plans to | start a full night shift Monday on ope-third of its wide looms. as a re <Mt of the increasing demand for wide dnuble zheetings. ziven on various grades | were easier, | raported as he. | Vir- | de | 150.1h. sacks Russet Rurals. | pack- | THE EVENING NEW YORK CURB MARKET Received by Private Wire Direct te The Star Office BY WILLIAM F. HEFFERN NEW YORK, oOc [ heavy trading went on in teday’s brisf session an the Curh Exchange and cur- ried numerous stocks to new high ree. ords for the vear. hut in the lust hour there was a disposition 1o take profits | by those who had purchased at ma- | terially lower pr rather than car vy stocks ever the week end. This resulted losses of # good part of in EW YORK. October ing is an oMcial list [ Stocka traded In on Curb Market today ollow - of bonds and the New York Clase Ay Low R, o8& a63, P& LA oll Nill By Ty Sim Har 815 grhoard, Ay 22332 5307 222337 20 SNy 1 Gair men " 2 2 General Pet 2 VLSS 2 S'ED APenn P & L da 3Penn PAL 3s D SPhila Elec 8y, . 1071, Phila Ranid Tr 63 08 11 dgean Airl o A D63 3 Schuice RE'T p 69 10 1 Shawahisen 78" 0 1 Sou Cal Fd 3¢ Southex'n P&L FORT 6% Switt'& Co'ay T 0Nl Prod’ & wannnan 2 332223 3 PECECRET % 2 5 ) 333 232 salean FOREIGN 14 Andian Nat € *ERY Coiogne 8 ey Grar'® LEst RR, - | thousand, rance is French Nat_7a Great Con' EI f15a Hunear Cona 713a 3 Ind Bl Finia ¥4 3 Ttalian Pow 6% I Kine Denmi & A Rruon Fried I, # Mor Bk Denm! & Prov Santa Fe S Prov Up Aus 7 & Russ Govi Alyn 22 R 3us3: PERS 339308552 e 2999=mep ! S = Tyrol Ry EP 7558 400 Atlantic Lobas 30 Ruckese B 1, 100 Chesebr Mte B 1200 Cont 01 naw 5 Galena Siznal 01l alena S { 381 ¢ Can'n 10 Tndiana » 1.*7 7 2000 Tt Pet o Lid. R0 Magnolia Pet | 300 Nat Tranmt. P10 Ny Trana | 100 0ne O 100 Penn Mag Fpa 1400 Prairie 0 & G 20 Praivie P 1. 40 South” Pann 0N .10 Southern B L 3700 8”0 Tndiana. 3003 O Kansa New York 108 0 Ohio. .. .. 363 4200 Vacuum Oil.".."" 104 % gales INDEPENDENT OIL STOCKS i ynits 20 Alliance 0 & R | 1 Am " Contr Gilfids ! 1 Cardinal Pste i 9 Carih Send 1 Cities Sarv | Y gt | 1811, 78 new York. | ount Proci “w Mex L o 1 Reiter-Foster Orl 2 Ryan Con 14 Salt Ck Prod 18hrev El Do Pi L 12 Venezuelan Pet | the aarl net heav Vorthern Ohia Powe) féatured (he low-priced. public ntilitias, eatablish ing & new high record, whils athers of the group moved frcegularly. One of the feativas among the specialtieswas the active demand i highest prices | for Trans-Lux | This stock had heen preminent | the buying early in the teek. | gaine, but the selling s in and the clo: INDUSTRIALS & Trac & Trac pld | 1 Amn iAm G 1Am G AAm H 10Am T 1Am L 28 Am Pow & L naw IAm Pow & L of 1Am Rav Pro Road NMatch 1Am 1 Am Seating A Shery 4 23 m Supen 2 Ain Thresd ¢ &AM Pow & A Amse Gas & 13 ol Ak 2 B "Alum 3 E:I onnault G € TR 31 ey Bl Am Tah Gon Rrawn & Wms R Bucyriis G ) Can T Ging Ale n o L EanHT Py Car ot i i 1 . 1 5 4 1 Chitde Co nid. . 4 Chr Brawn & Go 4 Clave AULO Com PC nw 30 Com P € 'war 7Con Gas Balt nw Coat Bak A . nveat Ine 1 !Notors Co muan_n w an o A SRS 322 EEEt et Sh Buss 2 Gondrear Tire T. AGima R &€ N 7 Harm % Hardart 183 Ind Rivon EAR S S et o) 14 Kelvinater €. Co Flor wi Pw aec vicl Leh Val C N C Lahn & ¥ink.. i S» Owena Sh G1 20 A Fore Th S0 otion Pic Cap & Rat Teather 0. - SRIER Bin Sor } & o 4 i) 0 th Zr 20mnin R 2 S 78 Rickenhackar 3 Rava Radio as 18 Southeast P&L n 1880 gal Eagor. 4 %6 Day . 4 Stand Pub Co ‘A HE e Ex Sa. i e o e homp R € vie e e 3 30Uk Db DEA R BT =523 H 4 4aanay o e P 3 ~st Po pf of de 1Tk € aw Wi A€ aw MINTN: 4 Cresson Gold A ] ir Theu GM A 10 Flar Geldfd M 4 Golden’ Cen Minss 30 Hawthorne M T Jerams V Daval 43 Kar Copper Cor 7 Ohia Con 10 Pitts Mt i 11 Shaw Wi 208 Am Gold & P 10 Spearhesd Geld 5 Tonopah Ext . 4 Wenden Cop 55, 353 | RECALLED IN RY STUART P, WEST, Special Dispate ta | NEW YORK. Octoher 24. The past lweek on the Stack Exchanze has heen | the bizgest in its histery in volume af transactions. with ene exception, namely. the week ended May 4. 1901, which took in the famous day of the A The of 3,200,000 shares. At that time not much more than a third of the num ber of issues were actively dealt in as compared with the present. Con- sequently the current market. taken stock by stock, Is nothing like ax large. The increase in the shares listed normally calls for a much zreater market than that of 24 years axo. During the wesk w! { the price average rose over $1 a share. Since the first of the year it is up some $17. Industrial stocks reached the highest an record. The volume of | business so expanded that at times |1 saverely faxed the machinery of | the exchange provided to handle it. | These are the outstanding facts about the movement itself. xentlal causes are famillar. Firat, there is a sound business structure. with unusual prosperity in cartain lines and with satisfactory profits in other lines. except in one or twa in- stances. Second, there is the abun dance of credit. No Recourse to Reserve Banks. Nothing illustrates this better than the Federal Reserve statement cover- ing the week ended Wednesday, Octo: ber 21. It was a tremendous week in stocks. It was a week when in the past crop moving and trade demands |have been at their maximum. Yet | thers was no recourse. as there would have baen in a period of strain, to the Federal Reserva banks. The 12 re- gional institutions reported ne in | crease in rediscounts. but instead a Ascraass of more than $40,000.000. The | New York Federal Reserve Bank re- ported a drop from $214,888.000 the {\waek hefore to less than $162,000,000. In November, 1919, a bolling specu llation fn Wall Street was abruptly | checked by the action of the Federal | Reserve hanks in raising their di: {count rates. But this was when the Federal Reserve ratio had sunk close {0 40 per cent, as against the present ratio of 72.6. In the Spring of 1923 a big speculation was checked, not by any deficiency in reserves, but simply by the threat that if the market would not exercise a voluntary curb. the re- | serve banks would shut down on cred- "u tacilities. h ended today The comparison bheiween the situa- tion now and that of the two periods veferred tn lies with 1973 rather than with 1919. There i= no question at present of any shortage in the eredit supply. The whele doubt is as to Northern Pacific panle, with its total | The as-| NORTHERN PACIFIC PANIC DAYS STOCK MARKET {Past Week’s Trading Unequaled in 24 Years—Tax Reduction Plans Vital Factor in Present Enor- mous Speculative Drive—The Outlook. whether ar not tha hanking autheri- ties will act as they did two and a half years age te curtail what was re. garded as excessive speculative ac. ivity, The rontention againat raising the "oderal reserve rediscount is that it 1d have an effact upon the foreign axchanges which is not desired either her or abroad. It would force the Bank of England ta take defensive niasures in the shapa of putting un its discount rate, or, as an alternative. to part with a good deal more gold than it hax seen fit to let go during the last three menths. It is true that the incoming English |2old is in large part being sent over | the border to Canada 1o pay for Cana {dian wheat. which, in the trade bal ance hetween aur 1wo countries, aut | weighs the credit on the American side. Still the United States does nos | wish any addition 1o 1ts gold supp) and therefore it would not welcome the imposition of a hizher price on | money which weuld accelerate the | ‘ransfer of gold from debtor countries. Tax Reduction Big Factor. | The plans to reduce income taxes should still ha considered as one of the most important factors in the market. A reduetion such as suggest jed in the maximum surtax from 50 o 20 per cent, would raean that the Tich men who have been paving half o three-quarters of their incoms to the Government could afford to draw down some of their enormous paper profits on stocks. g This seems to be the main inspira- tion for the great rise in the high- vriced industrials. which have heen %olng wp one hundred and a hun dred and fitty. and more than two hundred points from their lows of 11924 | Taking the experjence of the last |thres years. a rising market auch ax has been zoing on aince the first of | Sentembar does not come te grief for moeney reasona or for any at | futside causes. Tt has usually enl- | 1apsed when apeculation has hecome {ton-heavy and peopla generally real. {ize that the upward movement has i been overdone. Quite well this ma be the experience in the present in stance. But the crisis has been de- laved by tha partia] shut-down in what seemed Lo be the extravagant apeculation in the automobile stocks and the diverslon of interest into other quarters. like the ateels, the coppers and the oils where the ad- vance during the last two months had been comparatively moderate. French Francs Feature. The bresk in French francs to a new low for the vear has heen a feature of the weak. At its bottom the rate was within thres-quarters | of a cent of the extreme low for all | time made In March. 1924. Then the Morgan loan came to the rescue and there was no lstup in the demand at | STAR. WASHINGTON. INEW HIGH LEVELS FEATURE OF WEEK Dividend and Merger Rumors | Accompany Record Rise in Leading Stocks. By tha Asneiated Prass NEW YORK. Ocioher Rtock prices swem rd high ! levels this week on an unprecedentied | volume of trading. Bend prices held | firm despite hardening of time | money Foreign exchanges, sgular with French franes sinking 10 a new lavel for tha [ year in reflection of the budzer and debr difficuities of French gov-! ernment. | Tha recovery In steck prices fe)- lowed a drastic decline in the motor !shares on Aenday, part of which | ! was subsequently recovered ing broadened as confidence was stored and® although business well above 2,000,000 shares Aally. the advance was an orderly ane. em- bracing practically «ll groups stocks. Factors Back of Gaine. | Bullish sentiment was -created by a variety of factors. Including easier call ‘money rates, Secretary Mellon's | proposal fer a substantial reduction in taxes on small incomes. publica- | tion of faverahle quarterly sarnings reports of the independent steel companies and excellent Saptem- ber statements by some of tha prin elpal carriers and hardening steel prices. Wall Street also rexcied favorably to the publication of the Locarns agreementa. | “The \sual dividend and merger ru {mers alse accompanied the rise in stock price: Wall strest heard that the Baltimore and Ohio dividend would be raised from $3 1o 3. the Southern Railway dividend from $5 to 37, the New York Central dividend from 37 ta $8. that extra dividends of at least 31 each would be paid on General Mo- tors common and Underwood Type- writer, that the International Busi- ness Machines Co. would pay § per cent in stock. In addition to $8 in cash. | and that Kelvinator would be placed | 4 forw to new ratas were low the 5 per cent in atock. Steels Well Supported. | With the United States Stael Cor- porations’ plants eperating at $1 per | eent of capacity and a steady increase veported in incoming erd steel shares received hetter support. Soss Sheffeld was the outstanding feature aoaring 10 a new high record at 115 | Motor shares staged a remarkable | comeback after the violent reaction of Saturday and Monday. with trading inj | enormous volume. | Olls also developed fresh strenath | under leadership of Marland. which attained a new high record for the year. Coppers followed American Smelting, Cerro de Pasco and Utah into higher ground. although a shad- ing of red metal prices checked the advance.— Rubbers, tobaccos. chemi- cals, leathers and packers also pre sented several points of strength. | | The outstanding strong spots among | { the high-priced speeialties were Amer { ican Can. which teuched a record high i: United States Cast Iron Pipe, | International Business Machines.-Gen aral Rallway Signal and United States | Réalty, { EVERYMAN'S INVESTMENT BY GEORGE T. AUGNES. 0il Shortages. A previous article in this series! dealt with some things which people should consider before they think of speculating in oll. One phase of this subject is worthy of further discus- sion. It is the amateur comparison of increasing consumption of ofl prod- | ucts with predictions of &n oil short- | {age. | There is no doubt about the anor- mous demand for oil. But the oil shortage prophecies have proved very untrustwerthy. although such proph acles from Government reports and | various stattaticians and other ex !perts have heen numerous. Shertly | afier the war Mexico developed ax! a large producer and thus capped, for | a time ai least. the predictian of a | inear-future il shortage. In 1922 there were some especially convine |ing aMclal Agures that presaged an {oll shortage. The California field almoat imme afterward came in with a surplus production. Late in 1924 the Wortham pool in Texas upser the prophetic calculations, and early this vear Smackover, now dwindling a bit, developed unusually heavy produc tion. All these pools so increased the aupply of ofl that the indust heen more or less nunsettled for the Dpast four vears Possibly demand for oil may exceed the supply In the near future. Pos aibly it may not. The ofl businass ix experiancing greater prosperity new than In several vears. Undoubtedlv {there are sound purchases available in the ofl stacke. The point is. that 1f vou huy ofl securities. it i« ~ommon | sense 10 buy on present values and near-future values, nét on the dream | af some development in the distant | | future. 1€opyright. 1925.1 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY FORT WORTH. October 24— Yearling stocks on weat Texas ranches are selling at $40 per head, $10 higher than a vear ago. Yearling ewes in the San Angelo district are bringing $15, which I $3 higher than last year. TULBA. Okl October 24.—Some | petroleum refiners in this district are cutting runs of crude oil 1o the stills and curtailing manufacture. Increuse in shipments from groun three ter. ritory ix reported, owing to the return of more tavorable weainer.- ATLANTA. Octob 24.—Passenger | automobile license registrations in Georgia for the first aine months of 1925 were 209,159 and truck registra- i 8. a total increase over all vear of 31.144. Th» gasoline tax paid was $3.073.476. more than a million dollars higher than receipts - there was a spectacular rise againat an_international short interest. Now it Is assumed that the Wash- ington administration is against any fresh loans to countries which have not satisfactorily settled their wa: indebtedness. With the artificlal support of American credit removed and with a constant inflation of the paper currency. the position of the frane is morve doubtful than it hax heen at any time In the last vear an half. i {Covvright. 1925.) {( ‘ollege Man, 29, IPRICES HOLD FIRM | tively | unfaverable on a 32 cash husis, with an additional |3 ;though nrices eased off slightly right ! the | prices hasket, 23a3 D. €., SATURDAY. Makes $135,000 In Three Years Br the Associated Pr NEW YORK. Octoher 4. M Bovd Zinman, 2 vears old, who re- cently paid a record price of $133 000 a stock bachange seat. amassad this sum by stock trans- actions within three vears after his gradustion from vork Uni- versity, it was learned vesterday. Starting in business as 1ax con- sultant, he became an expert ac- countant and recelved a fee of $40,000 last Spring specting the hooks of an ind al organs jzation. With this capital he sturted dealing in stocks and made the money with which his seat was purchased. tor st IN COTTON MARKET Liverpool Cables and Rain in| South Keep Prices at Yesterday’s Levels. 1 he Associated Press NEW YORK. October futures opened steady 21,35; January: 20.64; March. 2087 May. 20.98; July The market onened at an aavance of & 1o 10 painis g =0ld 15 points net higher. | with December selling at 21.46 and Mareh at 2026 an cavering and trade buying. The damand wa< stimulated by rela frm Liverpool cables and an view of weather condi tions in the South. The advance met considerable realizing for over the week and and veaterday's tendeney tn acale down astimates of the crop mav have been checked 1o some axtant b 1wo private reporia {ssued this morn ing. one of which pointed to a yield of 14.961,000 hales. while the other placed it at 13.125.000 balas. or consid erably abova the aversge of previous figures New York col net dechine of 1 1 24, - Cotton December 15 to Mare M3 July December NEW ORLI cotton market had a steady apen ing. due to rain n the helt and hizh- er cahles than dus First trades | showed gains of 4 1a 2 points and al after the call thex forecast shawed rain and ecolder in the Waest with freszing weather in the Texas panhandle and parts of Oklahoma. Decembar tradad up ta 20.7%. Janu rallied when OCTOBER 24, ‘BUSINESS 60D | hibit {iv [ last arv to 0 and March to 20.83. An other private erop estimate made the total 15,125,000 bales. New Oriasns cotton at net dechnes of 1 to 4 noints. High 2030 A0'85 20'50 2058 2078 GRAIN AND PROVISIONS. RALTIMORE. October —New pntatoes, 100 pounds. 1.25a3.00 heans. hushel. 2.0023.50: beats. 100 2.0023.08: bru Is sprouts. quart. 10 a1S: cabbage. ton, 10.A0a15.00; sweer potatnes. ha 1. 1.30a3.75%: rel. 1.50a3.00; rcarret calery, erate. 1.50a3 25a30: Iattuce. bushel heans. hushel. 1.00al. pappara : onians, 180 pounds, 2.25 75 ovster vlants. 100, 5.00a8.0 pumpkine. 108, 5.00a10.00 namper, 57a1.50: green. 25a30; sninach hushel,” 1.40a1.50: Savoy cahbage bushel. 35a40; turnips, basket, 20a3n Apples, harrel, 3.00a5.00; hushel. 30a 15; cantaloupes. crate. 1.25a1.75; cran- berries, box. 4.50a5.50. grapes, 9na 1.00: pears. bushel. 1.50a3.00: basker, 20a40; peaches, hush 2.503.00; quinc bushel, 1.25a1. Query the Promoter. Determine how much of his own money the promoter is puiting into 1 5. futures clossd steady | 24 (Special. | tomatoes. | his scheme before vonu decide to risk | yours. Don't take his word for it i make him prove it SHORT-TERM SECURITIES. (Quntations furnished hr Radmond & Co.) Adirond P& 1. Alum. Co. of Amar Amer’ Beet Suzar Am’ Tel "% Tel: Co 4s Anaconda Coaper 8a 1 Amsociatad Oil As 1938 Baltimore & Ohio 6a 10 Rathlshem ‘Steel As 1934 Central ‘o Genrgix fa 1 ol o 23 Ry P > Eria R R. Go. by 1 Federated Metaln 7 Eisher Body Coro. Goodvear T. & 3555033303 S Hock. Val Humble Oil Lehich Pow. Sec. P & S8 E: 'm..‘.'m:r: »3322335553333832333; 3 »an-232253333333 323533553 2335353553355 533552335 Tk, Union Pac. R. Weatern Union Westinghouse &l Called at 101 % 3 FOREIGN EXCiIANBE. (Quotations furnished hr . B. Hibhs & o Nominal Selling ~hecks zold value $4.886! ound i 5 H1:60 ondon, dollar. .. Mon Pari Berlin. mark Rome. lira Zurich. fran Athens. drachma Madrid, peset; Vienna. crown. crows aw. zloty Copenhagen. crown Christiania. crown Stockholm. crown. . MONEY TO LOAN ON IMPROVED REAL ESTATE 2nd Trosts on Residentinl Pronerty & Speeialty Call Our Loean Dant. N. L. Sansbury Co., Inc. 1418 Eye St. NW, Main 3901 FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN FOOLE, President st and [ tinues at a i surplus | waek. hut there is sufcient anthra- | showed far 1925. N HOST LINE Heavy Power Demand—Auto Sales Hold Up—Cattle and Hogs Cheaper. BY J. C. ROYLE. | Business encountered no serious ob- | stacles and received no appreciable check during the past week. In fact.| It became evident that the trend of | production is inereasing in some lines | and belng fully maintained in the maujority of others. The slight notel of hyvsteria which cvept into.the stock market exercised no appreciahle ef-} fect on the course of husiness In zen-| or of individual enterprises so ax can he ascertained today | These facts are strikingly ~sub. stantfated by the ameunt of elsctric current eonsumed hoth for power and | lizhting purposes in Industry. Hydro- | slectric plants are being operated as clnse 1o capacity ax waterqower will permit In the majerity of industrial sections, and the steam plants a ing called upen for additisnal o rent. High Spots in Industry. Employment is still heing maintain | #d at a high rate and a number of industries’ “pay rolls are being in creased and even the {tinerant wflfkelfl‘ released from the harvest fields are finding ready employment on high- ! nd engineering projects { ar londings are still within reach | ing distance af the peak of the vear The traffic in the South. particulariv | in Florlda. ie zrowing constantly The iron and stesl industry ex 4 decided signs of strenxih. | FINANCIATL. REAL ESTATE LOANS ROUSES RPSIDENCE LOANS AT LOW RATES PROPERTY FRED T. NESBIT ESTMENT BLDG. Main 9392 WE FINANCE a1l classes of income producing properts Large Loans a Specialty Corrent int Higbie & Richardzen, Inc. RI6 15th St. N.W. rate und eommission 3% We Offer an Unusual First Mortgage Notes For Sale In Denominations of $100, $250, $500, $1,000 AND UP 61% Interest Secured on D. C. Real Estate Wm. H. Saunders Co., Inc., Opportunity For Investors 7% First Mortgage Notes Secured on Northwest Residential Proper Denominations of $100 Up See Mr. O'Dannell. Mer. Morizage Departms We Buy First and second trust real estate notes secured on in- come-producing real estate in Washingten, 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 COMPANY in 2080 When You Need a Loan Think of WELCH, Loan Specialist Money to Loan At 519, and 69, 1A &N These were rendered more impres- | sive hy sistements showing that the carnings of several stee] corporations | for the third quarter of the vear have ded substantial pared with dividends perind of 1924 Record Aute Sales. Automobile sales have heen extraordinary. Truek production is procesding al a higher vate than | ever before in history with demand | keeping full pace. Although produc- | ton of passenger cars is heing heli | clase 1o mand. productian is 'vl" whead of Octlober. 1924 Textile industries continued on the | upgrade with an incressed number of spindles in aperation | Lumber autput has dropped slight | bt continies ahaad of this time | vea Bituminaus profite as com for the similar enal production con vate thet f& piling up » | nf nearly 2,000,000 tons s cite on hand 1o pravent any urgen: demand for anft coa) in the anthy rite ronsuming rezion Copper Market Firm. Little changs was thawn in copper but the marker wasz firm, with that foreign demand would make iteslf ineraasingly mani In the petrolenm markeis. kerosens | more sirengih than gaso- | line, which seems to be veflecting the | seasonal drop in demand Rubber readjusted fiself aftar ihe news of the loss of an £.000-ton cargo | at xea and still hangs around the $1.a. | pound mark. | Sugar Remains Cheap. There is nothing in sizht a indicate any sharp rise from its present low lavels The grain markers showed some weakness, and this reflected in <lightly Inwer prices cattle ane hogs. W. €. Cofee. head af the College af Agriculture of the University of Min nesota, said tadar that the farmers of | the Northwest are returning to a ner mal basis and their huving pewer this vear has been greatly increased resent for Prompt Action First Mortgage Loans Lawest Ratea of Interest and Commissian Thomas J. Fisher & Company, Inc. | 8 13th_Nireet QUICK LOANS On Your Real Estate Equity $100 to $5,000 No Waiting—Courteous Service District Loan Procurement Co. H1T F 8 N.W. M. 4138 Onen Exenines 7 1o 9 Money to Loan Secured hr Arst desd af frust an real estate. Prevaihng interest and eammisman <o V108 Temat | J:nph_l.‘ eller SEECLT ; ; | WANTED ! RUST NOTES Funds available for the pur- chase of all kinds of eecond frust notes. secured on D. C. or nearby real estats. Prompt action in every Washington Investment and Transactions Co. 715 1th St. N.W. Mah 3662 000060090000 L2 2 22 900660006 * < 3 When You Have Funds to Invest, Consult WELCH, Loan Specialist Fatablished 1899 63% and 77, Real Estate Notes for Sale in Amounts from $250 up to $1,000 or more. Consult WELCH, Realtor Joan Kpecialist 15th & N. Y. Av, Main 4347 Seve from rental prop- erty is in direct | ratio to the amount of ex- perience applied to its management. R F Saul Co. offer 32 vears’ experience in prop- erty management and rent super- vision, Service presents itself not alone for vour conven- ience. but for vour proft. . SAUL CO. 925 15th Street N. Main 2100 ad e desired tine should be. consulte important that a similar adopted in reference to one’s finances. We bold claim to be “experts” in values or real estate in t Nation's Capital, and are in position 10 supply invest mente that are alwavs thoroughly saieg ane at the same time, vield liberal rates of interest Whether vour savings he large or smali it will pay vou ta avail vourseli ai our INVESTMENT] SERVICE—It iz FREE 1o inv MORTGAGE INVESTMENT DEPARTMENT SHANNON: & LUCHY 713, 715 and 717 14th Street N.W. Main 2345 prof along any an expert is, or It is quite as he course rded rstors 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. 5V2% ON APPROVED SECURITY Apply Houses Business Properties Apartments Office Buildings RANDALL H. HAGNER & COMPANT MORTGAGE LoAN GCRRESPONDENT No. 1321 Connecticut Avenue Telephone Main 9700 . Metropolitan Life Insurance Company FIRST MORTGAGE LOANS BUSINESS PROPERTIES OFFICE BUILDINGS HOUSES APARTMENTS CONSTRUCTION LOANS WEAVER BROS. Realtors 809 15th Street N.W. Look To The Squirrel! THE squirrel is a provident little fellow. As vou pass by the wooded lawns watch him scurrying to his tree-hole with an acorn held fast in his mouth. He is laying in a store of protection against Win- ter's chilly blasts. Many a man can profit by the squirrel’s silent advice. Many men have already done so. That is why we have found a market for our 624% First Mortgage Notes for fifty-six years. Swavmel] Mo Femer G 727-15 Street.NW WashingtonDC. 56 Years Without Loss to An Investor