Evening Star Newspaper, November 3, 1925, Page 29

FINANCIAL. PASSING OF BANKER CHICKENS CHEAPER. TOUCHINGLY NOTED. - INLOCAL NARKET Turkeys Also Lower—Ducks Higher—Lamb and Veal Also Advance. F. J. Hogan Pays Rare Trib- I ute to Mr. Ailes—Quiet Day | in Financial District. BY CHAS. P. SHAE whe lay Iressed e prices at Center Candled eggs and both live and| pring chickens were lower. Heavy hens were also down a bit, were tunke: Both lamb and v Al Milton E.|were also quoted at lower figures. Today’s Wholesale Prices. Butter—F prints,. v candied, 50 ceipts, 46n43; hennery ve —— Spring chickens Leghorn chickens, 22 heav 26027, i geese., Spring _chickens, large, turkeys, 40a42. Calves, 14; 1132123 17a18; lambs keys, Dressed owls, 30a31 Live Spr Hogar In a por vien, | ck lambs, hogs 29a30; Fruit and Vegetable Review. on fruits and the market report (compiled by ables nches, Kings, rday’s report, should have re Washin extra fanc fancy, 3.00 Jonathans, mostly 3.00; 1 mother | extra fancy Itomes, mostly : 1 nd and Virginia, ). 1, va . 1.0val.o0 | Cabbage s ed; demand de- | moderate, ; New York and an | Pennsylvan per ton, Danish type, 3 fium to large mostly extra fan o5 from bulk, demn New York . some ordi- supplies ligh market steady best, 3.00a3.2 ¥ low Lettuce Demand Light. moderate, ind was n the world | one iota od true. Lettuce and light 2 dozen New n type, 1 s moderate; demand moderate, ma steady: California, crates Iceberg Eastern supplies light; market dull; Norfolk s ates Big Boston type, > dozen crates Big There were a good many changes in | in sympathy Market to- ! cables | of the belt. | ther | call and December traded up to 18. | ing, but before the end of the first | factu tur | arn sup- | THE EVENING STAR, WASHINGTO SPIRITED ADVANCE IN COTTON MARKET Better Liverpool News and Weath- er Map Cause Good Gains in Quotations. By the Associated Pross. NEW ORLEANS, November 3.— The cotton market had a spirited ! opening and prices advanced sharpl with better Liverpool owing ‘to bad weather | shown by the map in the western halt First trades showed gains | of 26 to 40 points. Prices eased fur- on near months right after the and arch to 18.97 and Mdy to 19.05. | ces ensed off 13 5 points on realiz. | alf hour of trading they rallied again hin 5 points of the high. The New York market is closed owing to elec tion day. ward noon prices eased off mod- Iy on realizing, and all active hs made new lows except Janu v. which did not even duplicate the earlier December traded down | o 18.8 rch to 15.81 and May to 18.85 were fairly large, total ing 51.956 bales, of which New Orleans contributed ,059 and Mobile 13, 'WHEAT AGAIN GOES HIGHER IN CHICAGO Better Demand in Liverpool and Much Bad Weather Help Day’s Quotations. By the Associated Pre CHICAGO, Novy turns in wheat ied word of from millers at ash up- accom increasing demand Liverpool, together with unfavorable weather conditions {both in Canada and In Argent and f A vell. Serlous new thresh- ow and frost_damage af 2,000.000 acres in ntina, and dry weather in Au stralt such that apparently only a i miracie can give the Australians any thing like the harvest of last seas Under such circumstances offerings here were quickly absorbed, and the market went upgrade from the start. Opening prices. = to 133 higher, new style, December, 1.497% to 1.50%, and May 1.45% to 1.46%5, were fo g more than | cations of the | be: dn in Can- | ARITIFICIAL WooL CAUSE OF ALARM Manufacturers Fear Product May Later Force Many Changes in Mills. D. ¢, ALL STOCK RECORDS TUESDAY, NOVEMBER 3, 1925. We Offer an SMASHED IN FRISCO| Unusual $3,000,000 Worth of Catterpillar Tractor Shares Change Hands in One Day. By the Associated Press. Y SAN FRANCISCO, November 3. All records for the San Francisco Stock and Bond Exchange were broken by a bull market yesterday which sent prices skyrocketing. BY J. €. ROYLE. | Special Dispatch to The Star. NEW YORK, November Neither | wool growers nor woolen manufac- | turers are apprehensive as yet as to | the effect of the entry, just made. of synthetic wool into Amerlcan in- dustries. But every buyer and manu- | er at the opening sales of the | 6 Spring floor Covering season now in progress watched closely for indi- | future Artlficial especially velopment. claimed, 1s pets and rugs Synthetic wool is modity that it its trade name t a half-dozen turers of synthetic vinced themselves it reasonable cost it enter its productio i the demand w offered to the agents of Snia-Viscosa ducer of wool, it s adaptable for' %0 new a com Las not even receive christening as American manufa tibers have con in be made e prepared Amerlcan tr: largest ificial silk in ltaly. Opposed by Textile Makers. Textile manufacturers have not taken kindly to the use of synthetic | wool as Its use, they claim, | would lead to chan in machinery A be cost Yet they con ool is being used now than ey in the manufac of cloth fu en’s wear and lig texture: ! r even in reme that they : toward ra universally adopted. AS a re are holding themselves in ito seize on the new comme out delay If demand arises. | The adaption of this new commod. | would no e to ser rers as an extreme L wide . especially in to use rayon in industry. The rayon mix wve made some wonde or effects and have led to the inc 1 use of mediun wools, as the coarser wool grades have been found to blend better with rayon than with long staple cross-bred wools cede that less v before ure waon Win had readin ity with England worsted Many New Color Effects 155 of this new de- | Nearly $3,000,000 worth of stock of the Catterpillar Tractor Co. changed hands, opening at 130, selling up to and closing at 150. P. G. and E. stock jumped from 130% to 135, under | heavy demand: Paraffin common, | whic closed af 85 Saturday, opened at 87 and sold up to 90: Pacific ()H‘ went from 56% to and other stocks reflected the buying market. During the day the sales of K i the exchange totaled 8, with a $4,438, hond $74,500 value of totaled | | ¥ | | SECOND TRUST NOTES Funds available for the pur- chase of all kinds of second trust notes. secured on D. C. carhy real estate. Prompt action in every case. Washington Investment and Transactions Co. 715 14th St. N.W. Main 3662 9994061650000 00 REAL FSTATE LOANS 53% RESIDENCE LOANS AT LOW RATES FRED T. NESBIT INVESTMENT BLDG. Main 9 1st TRUST NOTES 615, of S100 and up, SHOEMAKER frieth, Year New York Ave. Mo 1166 in denomnations secured LOUIS 110 QUICK LOANS On Your Real Estate Equity $100 to $5,000 No Waiting—Courteous Service pied Dby after property $2.000 and $2,250, Opportunity For Investors 7% First Mortgage Notes Secured on Northwe: Residential Properti Denominations of $100 Up See Mr. O'Donnell. 3 14th & K 7% & 8% Secured on homes the owner. and remit interest A Limited Number For Sale William P. Irvin 1410 G Street N.W. Stock or Bond Salesman of high character had reputable who or has connections local brokers, occu- We look mounts with FINANCIAT. 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. 92% ON APPROVED SECURITY Apply RanDALL H. HAGNER & COMPANY MORTGAGE LeAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Houses Business Properties Apartments Office Buildings APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjaceat Subwrbe in Montgomery County, Mé&- 3:% INTEREST : ;flpnlr To H. L. RUST COMPANY LOAN CORRESPONDENT ®se PRUDENTIAL INSURANCE COMPANY or AMERICA 912 15th Street N.W. Main 6383 make extra profits. We are lowed by an ascent to 1.51% for De-| Tn cember and 1 for May. tha Corn and sympathized with |in wheat Besides, corn re- |been |ceipts were seant, and wintry weather [rayon women’'s wear, estimated 75 per ce of the color effe ines introduced this year have obtained through the use of Some of the big manufactur 4 dozen, 4. Supplies District Loan Procurement Co. 117 F St. N.W. M. 4438 Oven Evenings 7 to 9 moderate; demand rket firm; New York, 100- :llows, United States No. 1, 0: Michigan and In- ons interested only in a man with oats high class acquaintance and clientele. Proposition has to 'ks Yellows, United rge size, 5a3.00; moderate; de et unsettled turals, few Supplies mar sacks Russet I . 1, mostly 7.00 Supplies liberal: de warket steady; orth | p stave barrels Porto | 5024.00 receipts market es far 3.50a5. Squash—Express receip: mand moderate, marke: ias con- | 1da, pepper cra fium s re of | auality irge size, ordinary | quality Sweet potatoes { mand limited, | Carolina « sht steady; Flor of the . 3.50a Cucumbers Are Cheaper. limited; firm; 3.50; New Ore. moderate. Long ites, pur, Future Supplies moderate; 2, market stead and tus Ohic, hu quainted Liberty 1 position ¢ gre n Grapefruit - Suppiies | investments | man e, marke ‘hts and de Golde: moderate; demand steady: Florida, and Goidens, medium small to ve supplies moderate dull: skets ¢ Westa moderate ari rs and L SIS pRIGES GO HIGHER e IN POTATO MARKET) ‘]iChicago "'|' Think Top Not Reached—Much Frost Damage. Many anging Commission By the As: CHIC usual short November 3.—An un- has resulted in extraor- Chicago prices for the | Lenve Goods in . in_ the opinion men price will zo even h Wiscor of lo vredict com the | Idaho from This means a whole ibout 60 cents a peck ice of §1 to S1.10 a rates n tha rates 1 per ce salo price of retail T vestnient 1 = e amission merchants point to the : farmers to plant of & crop as the; 3 per ve to the freezing weathe mediate que pers and growers wers ca “atill valuable and \swer ma ! both in the ground Liberts” b 157 U. S. SHIPS VISIT BALTIMORE IN MONTH ter A o, They are necess a bal- | hital stment lisi, ' | Special Disoatch to The Sta BALTIMORE. November Ar 1s at the port of Baltimor of the cars. for cash is likely to be sidering their amazing month of Octob d three sc heir vi are ver: Exchange Closed. t steamers ar compared with the b he Washington se of tw ined suspended today c ym- | ¢ vathy to fhe New York vious month. which are closed on account led, with 15 tion day. | September -~ . ! with 100,000 CHICKENS SENT | iti Tour cuc EAST FROM NEBRASKAI with four each; two each. one each. CHICAGO, November 3 (#).—. « trainload of poultry, butter and s\m:~ arrived in Chicago vesterday from COTTON BADLY DAMAGED. Dbraska, and the greater part of it 4 November 3 (Spe. sent on to New York. More rament cotton crop 0 estimate and bad weather have had a 100,000 chickens were on the train The train is being sent to New York | bad effect on Southern business. Cot- by the Nebraska Poultry, Butter and Stoc Local The of elec: tain fu}lu\\eal with 18, Denmark, y sweden, olland and France, than ward good | ¢ | December - WALL STREET CI.ERKS ; Flori- | ing small | fa | York, | uppites | Merchants | jivered. © of potatoes throughout | quoted at | m$4.25 | did formerly | 35 a ,1,,K1ml.or totaled 4! for the corn belt was indicated. After | »pening at i to % higher, December corn scored a moderate advance Oats started at 1sa% to % up, De cember 33%. Later additional firm- ness developed Provisions were responsive to the upward trend of grain. WHEAT— Open 80% May (N N0 WORK ON HOLIDAY Thousands Use Election Day to Record Enormous Recent Market Trading. | By the Associated Press. NEW YORK, November 3.—Official | business of the New York Stock Ex-| rurity and | suspended to- hollday, . 0w 1o of trans. X ange, how- many commission | I unable to keep pace, | tho; ? office viorkers were com- | pelled to work in crder to catch up| v e of accounting that has | which all th ma 2 behind FIRST SHELLED CORN | IN BALTIMORE MARKET | Special Dispateh to The Star. BALTIMORE, November 3.—The | first arrival of new Maryland shelled j corn of the season was noted on the | { Baltimore exchange vesterday, a ship- | | ment of 13 bags of vellow from Dor- | chester County, Md., to Stevens Bros., commission merchants. The corn was in excellent condition, and sold at 85 cents per bushel, de- An unusual phase of the| corn situation this season is that new Western corn moved to market earlier than nearby. a car of new yvellow from | Ohio_have made its appearance here last Tuesday ,SPECULATORS BLAMED FOR FREIGHT EMBARGO Cars Until They Can Be Sold at Prices Yield- ing Big Profits. Specifl Dispateh to The § JACKSONVILLE, - Merchandise speculators are arged with the responsibility for ight embargo on some goods into | Florida, according to Government in- | vestigators. These speculators, lo- | | cated in the North, it is charged, have H | been shipping goods to themselves in | | Florida and paying demurrage instead | of unloading them. They have then V-Pcn able to reap big profits by deliv- ering them at points where yards were congested. Conditions are bettering, but 7,000 cars are concentrated in the vards here. Fla., November SEABOARD'S TRAFFIC UP. BALTIMORE. November 3 (Spe Loads moved on the Seaboard Air Line Raliway In the third week in Oc cars, compared with 87,622 cars in the corresponding period last year, an increase of 2 per cent. PORT BUSINESS SLUMPS. BALTIMORE, . November 3 (Spe- clal).-Imports and exports through the port of Baltimore last week show- ed decrease of over a million dollars each, as compared with the previous week, according to the weekly of the collector of customs. COAL SALES IN SLUMP BOSTON, November 3_(Special).— Coal sales throughout Néw England have slumped sharply in the last few days and dea s are at a loss to ac- report are already making their own on. The new plant of the Amos keag Manufacturing Co., turning out 1,000 pounds of fiber a day, will be in operation by January One incentive for use of thetic wool lies in the difficulty oring wool-rayon mis Dying of wool in some instanc s boil ing, which, it is claimed, injures rayon. The ity 1s not expected to inj wool growers, It is pointed textile men that the use of spurred the consumption of natural silk tremendously and caused a sharp increase in raw natural silk p It also has built up the consumption cotton. Mill takings have been vier since the cotton-rayon mix tures came Into vogue than before Wool Prices Steady. dy, and pre r below cor syn of col re the out by rayon Raw wool is ste in Americ tion. For a marked incre: duction is a matter of y cutting up of the open diminished the speed with which flocks ased, and big sheep com anies have started to place sheep on farms to be ruised and clipped on a “share sduction t Ho: sharp advances in raw wool are not anticipated by close students of the staple. Should such advances make their appearant there is little doubt that the ald the introduction of the sy substitute, the cost of which is fairl stable. Textile men have found to their sor row that there is a [ which consumers v when that limit is 1o to a substitut introduction o wool likely to exercise a steadying rather than a disastrous effect on wool and woolen textiles, (Copyright, Roebuck for the 10 months this increased 16.4 cent over t ne period of {totaling $201. 396,608 against 177 sis, THIS 1 Wi WH which are secured by amount of the mortgage. lecting interest and principal, vestors on the day when due. an av full details. No charge. 58th Yield, Security, 2009 You P Money to Loan \M,rnl by first Apml of trust on real estate. {erest and vommiseion Waeh T . Joseph 1. Weller Bide. i & ¥ VW FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President i.;'uu. o head of Your « to your ad- municate with our Loan Department in charge of Mr. Kelley fon 18 sound. we *the money without 5K St Main 4752 6% AT YOU GET urchase Our First Mortgage Real Estate Note crage sales value of twice the We look after all the details of col- and send :checks to reach in- Ask our Mortgage Investment Department to send you with stock of going reputable local Address Box 3¢ do cerns with rectorate. Star Office. Good Bonds A variety of carefully ° selected issues, em- bracing sound For- eign and Domestic issues suitable for varying investment requirements — c 0 n- tained in our Novem- ber list. 1 copy ewaits you— ask for i The National City Company Washington—741 15th St. NW. Telephone Main 3136 NOow PAYING [y £x and women who put their money into Smith Bonds experience a dual satisfac- tion in owning these time-tested investments. \Y In the first place, you have the comfortable feeling of financial security—the knowledge that your money is safe. Every Smith Bond a First Mortgngc Bond, strongly secured by income- producmz city and protected by the safeguards which have resulted in our record of 70 foss to any investor improved, in 52 years. 4 adjusted down. Evithe Nebiad and rains and freezes are play- +Egg Assoclation Frence is eutting down in the use of British coals ing havoc with the grade of cotton |count for it. Demand is light and con- still in the flelds. Some cotton is of [ sumers are not takin gto low volatile such low grade that it is bringing only | bituminous because prices asked are 9 to 13 cents a pound. almost as high as anthracite, Year —that’s those who refuse to adopt ways silver future banking of part of your earnings, TWe'll help by vour cash interest National Savmgs & Trust Co. Oldest Savings Depository in Washington Cor. 15th and New York Ave. 713, 715 and 717 141h Street N.W. Main 2343 NO LOSS TO ANY INVESTOR a Penalty always exacted of Put a m regular of thrift. lining through safeguarding and paying you thereon This feeling of financial security is increased by the knowledge that the longer you keep a Smith Bond, the stronger it gets. ‘\Iomhly pay- ments toward the annual reduction of the mortgage constantly increase the margin of security for in- vestors. In addition to the satis- faction of knowing that your money is safe, you have the satisfaction of knowing that, without risk or worry, you are realizing the full earning power of your money, re- ceiving a substantial in- come, regularly and promptly paid. It is the policy of The F. H. Smith “or 32 vears this company has studied and learned Wash- ington Real Estate values. We know the properties which rep- resent the safest security. In our FIRST MORTGAGES Ozer —your principal is backed by ample real estate security. Your interest is assured by the reputation of this company for sound investment counsel. Quarter of a Centur, 1¥sthout a Loss Our First Mortgages may be purchased in units of $250 and up. B: F. SAUL CO. Main 2100 925 15th St. The Dual Satisfaction of SMITH BONDS Company always to pay the highest rate of interest consistent with our standards of safety —standards which have resulted, for more than half a century, in the prompt pa)mcn!uf every cent of prmclpal and interest to every purchaser of our first mortgage investments. Current offerings of Smith Bonds pay 7%. By investing now, you can obtain this return fi any period, from 2 years to 10 years. Youmay invest in denominationsof $100, $:00 or $1,000, outright orunderour Investment Savings Plan. This latter plan gives you ten months, after an initial payment of 10%, to complete your purchase. You may make your payments monthly, oratirregularintervals, as suits your convenience. Every payment earns the Sull rate of bond interest. property, Send your name and address te- day, on the form below, for our ewo booklets, “Fifty-two Years of Proven Safety” and “How to Build an Independent Income." The first of these booklets teflx about the time-tested safery features which have made Smith Bonds the choice of discriminat- ing investors in 48 States and 30 forcign lands. The second booklet explains our Invest- ment Savings Plan, and shows the results you can accomplish by systematic investment at 7%. THE F. H.SMITH Co Founded 1873 SMITH BUILDING, 815 Fifteenth Street, N.W.—Main 646¢ Washington, D.C. NEW YORK—PHILADELPHIA—PITTSBURGH —MINNEAPOLIS NO LOSS TO ANY INVESTOR IN 52 YEARS Addms cxivt A TYPICAL 7% ISSUE Corcorax Cousrs, an apartment building in Washington, D.C., secures an $800,000 issue of 7% Smith Bonds. Through serialpay- ments the mortgage is reduced, before final maturity, to $520,000. The propertyis valued at $1,250,000. This 7% issue is one of our | recent offerings and is typical of the strong security of Smith Bonds.