Evening Star Newspaper, November 17, 1925, Page 31

POULTRY IS LOWER; EGRSHIGHER TODAY Heavy Receipts of Rabbits From Virginia—Meat Prices Unchanged. Opening of the gunning season in Virginia yesterday meant incr receipts of rabbits in the local 1 ket today, and the condition of sor of them made it evident they heen killed last lawful shipmer receipts are expected cording to dealers, and ably will be lower. Six the price quoted for ave this morning, trapped rabl ing $6.60. Dealers reported the terally glutted with small hens, of them too thin to find purch Twenty cents was the top quoted for them. A slight in the price of eggs was re and dealers also reported a slight tu- crease in receipts. Today's Wholesale Prices, Butter—Fancy, tub, 53; print atore packed, receipts < bring andled, 60. average receipts, 55; hennery, white, 63a68. Poult iarge, medium, turke: 15. Dressed, Sprin 28: old hens, fat, a4, Live stock—Cal Spring, 14; hogs, 1 Meat—Beef, 17al$ veal, 20; pork loins, shoulders, 22a24; fresh Fruit and Vegetable Review. Today’'s market report on fruits vegetables (compiled 1 he Market News Service Bu fcultural onomics) says. Apples—Supplies liberal; demand moderate, market steady; harrels, Vir- &inia, No. 5.00a7.0 inches shingtor, a fancy De- =i bbhage—Supplies moderate; market steady; N rates, ornia Oregon, cr Lettuce—F light; no sale ; few hig Onions—Sur Potatoe: ierate, xes, Tipes and few Ohio, h medium size, String Bea ly ordinary ; poorer —Suj size, medium s Flor ida, pepper crates ¢ 1.00; some ord! MUCH EXCZSS WHEAT. Crop Placed at 300,000,000 Bushels Above Last Year. wheat crop 30 s Of last year's crop the Agric A world 900,000 bushels in exc is forecast by partment on the basis of recelved up to November 12, “Wheat production in 32 countries of the Northern Hemisphere,’ the department’s announcement said, “is néarly 300,000,000 hels more than last vear, being 2,853,000,000 bushels, compared Witk in 1924.” The output in the Sou n <phere, it adde newt ertain, with cations for about th a The Can: 422,000,000 bt vear's harvest statement estimated that be available for e sver from the Canad <omewhat more hushels.” HARDWARE ACTIVE. — Christmas Lines Selling Extra Well at Present. Special Dispatch to The Star NEW YORK, November 17.—In its weekly hardware market summa Hardware Age says Christmas hardware ery active in most m the past week. Wholesale ¢ items sultable as g fcularly good this 3 treely predicts a good period. Winter nace goods ment, is re tion in most markets price and scarcity of coal, the sale of il heaters and electric heaters has been extremely hea and denlers in -arfous sections are complaining th stocks are inadequate for their needs. Collections are improving generally. LOEW’S PROFITS SHOW LARGE 1925 ADVANCE \EW YORK, > r 17 (P)— Vet profit of Loew's, . and sub idiaries for the yvear ended August 3 jumped to $4,708,631 after dep: iion, amortization and Federal taxe from $2,989,052 the vear before. This was equal to $4.43 a share, against $2.78 a share in the preceding 12 months. Profit and 1 rplus was 16,376,049, against $3,785,978. SCHULTE SALES GAIN. NEW YORK, November 17 (®).- October sales of the Schulte Retail Stores, Inc.. increased approximately "4 per cent, the total of $3,334,700 ontrasting with $2,756,531 in Octo- ver, 1924, Hemi- t un crop) tian ced at rands for been par merchandise, such and Snow-removing equip elving considerable atten Due to the high tural De-|* estimates | 654,000,000 bushels | ith last | FINANCIAL, THE EVENING S [ NEW YORK CURB MARKET Received by Private Wire By WiLLIAM F. HEFFER) | NEW YORK, November 17.—Trad- v‘““: on the Curb Exchange slowed up considerable today, the volurae of busl- | ness betng small by comparison with | recent sessions The action of tha Cleveland Federal Reserve directors after the close of business yesterday {in advancing the rediscount rate to 14 per cent caused considerable un- casiness and heavy selling came upon ‘(h“ market in the first hour. This resulted In losses of from 3 point to as much as 2 points in speculative | NEW YORK | lowing is an officia | stocks traded in on | Curb Market today: BONDS o thousands. ! Allied S5, SR PIEET 4 A P & L 88 new 20 Am Tvp Fdrs 0s > - ! | e @IS &0 P T General ? Graad T i Fiood, Rubbe elligh Pow Mo & I SRRERERS2RCRERUSERRESEAE 2 o ESEeRRERREACR S RPERE FE | PFERAR SRR | | i | | { i RE 5 Hub 618 Rub 68 ° anta Fe 7 & Prov Un Aust 7% PEPE own Cont Pt v OCR il 011 Co 5 T unw 50 1 Prod | Washington Stock Exchange | SALEs Stock Lanc 5 sSlock Land Bank Ss— A, i AFTER CALL. Capital Traction Co.— . | 1052011 Traction Co—10 at 103%. 10 at n Rwy & Elec. 48—S$2.000 at '41—$1.000 UNLISTED DEPT, Sacks 8% pfd.—b5 at B8, —Cail loans, 5 and 6 per cent. Bid and Asked Prices. BONDS, PUBLIC UTILITY. | {AnT . Anacostia 5 i s 4 | lv’l‘s Uty 1058 SARE £ W S it & Aaab | MISCELLA Pot. Joint Stock L'd Bk Rigks Realty (lonk) be.. Kikks Real | Southe: Wasn. MKt, Cold Stor: Wardiau Pars Hotel STOCKS. PUBLIC UTILITIES EL Vow. pid aih. Rwe. & Ei . Rwy NATIONAL BANK & Mechanica” nerican ‘Meéiropoiitan.: i s o P Baiik of W TRUST COMPANY. an Security & Trust.. 383 il i e ) Me Bans i i Savinks & Trast.)] 408 | Trust i Wash, Loan & Trist SAVINGS BA & Savinks Y SahiBEton. o v - oo "Savinks & Com.’ ] Vireet % states . igton Mechanics FIRE INSURAX hinkton.. Coicoran Firemen's | National Union. | coumbia Real Estate >, C. Paper pfd.. . oo rozs | Dotcnants Frans. & Storas Mergeatnater Linotype..: Nati Morts, & Invest. v D paten Market com Sl Biitch, Market pia Danston Monotype SEniy Storage Washington Ma Yeilow Cab. Direct to The Star Office avorites. Bul arter the imual out- ourst of selling the market quleted, ind In many instances losses were retraced. Announcement that Ohto Ofl direc- tors had deleared an extra dividend of 60 cents in addition to the regulrr quarterly 50 cent disbursement brought about an advance of a point in that etock. But the improvement was momentary and prices receded later. A sharp break of one or more points between sules took place in Penn-Mex fuel. At 22 it compared with the Monday final of 2. o New Mex Land. 15 1 Peer Oil Corp. 2 3 Red Bank Of 1 20% ¢ Reiter-Foster Ol g SRoy Can 0 & R B0 3 Ryan Con .. 4 b salt Ck” Con o s48alt Cie Prod, . 8 7 Venezyelan Pel BWilcox O & G n 274 8 Woodley Pet .. L) INDUSTRIALS. Adirond P 7s pti0li 101% 101% Avro Sup Mte A 20 20t 20 Alim T Amnw 0% Amal Leather - 183 dAm"Gas & E1L; 81 s & > S SEeE T s feEic i 0913036008 € 1= S s Pow & Lhptd ating 0 Stperow Superpow B Super Dr ptd 7 Asso Gas & Elec. 34 Auburn Auto Co. % At Fruit 1 Bla & Ketz vic. 11 B0 Snoes Ind 1 Boissonnault G C . 2 Brideeport Mach 1 Car Light 5 5 Carolina P& L.\ 14 Gen Aguirre Sui b Central Steel 73 Gentrit 1 Cor ® i somi o Ee FEEEE e 8T e ¥ HERIGEEE s a3 s - St e [ " B H CI&WRRvie 2 Christie Br & Co 1 Cleve Aut Commaon — o SREE5388s-nEE 10 Coneol Dairy Pro 4 Contin Bak A 157 Continen ‘Bak B. 3 Contl Bak pfd. .. 1 Courtaulds "Ltd_ . $ G TC e o urtiss Aero M. . 1 Curt Aseats Co 3 e For R C vie 1 Den Tram b n wi Duhilier € & Rad ) £ FRRE 2ol i RFSE & iDuz Co A vie K Eisenlohr & Bros 8 Fleo E Grennan_Bak 18 Grimes R & C 'R Whpiness C St A 01 avpineas C St B en Chem 3 Chas A Wi v & Hardt 0 Hollan & § A i nd Ravon Cor A 3 inter Gontl Rub PER SR 2 Dk S po0s Ivinator Corp day A w e Taland Lo R « Mid W Ttil nfd 3y Mid W U7 pr lien. 107 L3 Miller Rub new A! !{{lllrr llw‘ly-‘ ofd 03 1 MORT VARt 5 cicel Plate n'wi 1 ckel P n pf wi 1 Nizer Corn A 18 Nizer Corn B 35 1Bt Wl v 1% Phein Dodee ¢ 28 R 2 Richmond ‘Rad i Rich Rad nw prd Rickenhacker M+ Kova Radio o v 58outh G & P 16 Southeas P & 10 Sou Cal % 8t Maurice Paper 1 Sta Pow & EIA 22 Stutz Mot ... Intl &' Co Berre H 1 & K pf o Thateher Mte 14 Therm 149 Trs A 10 Tung’ Lamp Wks 6Tung La Wk A 3 Trumbull Steel . 1 Tulip Cup Cor Tubize A § B vt Tnion Carbide 2 RFRRE 2R aE FAT R 24 P s v CCn P pf wi 2 Ware Radio... . 1 Warner Bros Bic. 135 West Pow pfd. *Wils & C n wi Wils & C A n wi ilk & C n pf wi Vel Taxi € N Y MINING STOCKS. 0 Ariz_Globe Cop. .19 S A RS A B % e o Do 253235885 d T Jonoanooea St ki loo, jeh TAR, WASHINGTON, D. C, TUESDAY, X Calaveras Cop.. 4% Gons Cop Minea | 4 ¥ Sone Min & Smi1gd olores EADEr. .. . 23 Ene G M Ll T 15 20 Enireiy, ¢ et ho 9 lor Goldfid M 0 BGola Cent Mines 10§, Siato L Hawthorne M 3 Hecla M § feromo v 12 Copper Ky §mw Jerney f Nipisslog . 1% oblo "Copper \ 10 Pymoutn Lead \ 18 Premier Gold M. 20 Roch Stiver. .. . 1280 Am Gold & ¥ ix Wonden vu... .. AMERICAN VCAN EXPANDS. NEW YORK, November 17 (#).— In order to get the rapidly growing canning industry of Utah, the Amer fean Can Co. has bought real estate adjoining its property at Ogden, on which another large warehouse will be erected. The present plant also will be enlarged. NEW YORK, November 17 (#).— October sales of General Motors cars and trucks were almost double those of October last year, dealers dispos- ing of 86,839, compared with 46,003 & vear ago. Sales to dealers by the manufacturing divisions totaled 95,- 708, a new record, which compared with 49,552 in October, 1924. Money to Loan Secured by first dead of trust on real estaf v ainle et wh Commiasion, Joseph I. Weller 30 %3ih: QUICK LOANS On Your Real Estate Equity $100 to $5,000 No Walting—Courteous Service District Loan Procurement Co. HI17 F St. NW. M. 4438 Onen Evenings 7 to 9 Stoeks WE BUY—SELL % Amer. Coul Corp. | Internatl. Bank & | In Mre. Bonds | Mte. Bond-Gua Milier Train Natl. Mig.-T Tankers Durani-Star Mta. German Bon | Internatl. Finance | Wardman Mtg. MEHLMAN & CO. 1319 F St. N.W. Ph. Muin 8847 SECOND TRUST NOT Funds avallable for the pur. chase of all kinds of second trust notes. secured on . or nearby feal eatate. Prompl action in evers case Washington Investment and Transactions Co. 715 14th St. N.W. Greater— !profits to you from iyour rental property |are the whole ob- ject of our rental More than a quarter of a century’s experi- ence is our quali- fication to aid you. B. F. SAUL CO. | 925 15th Street N.W. Main 2100 7% On Much Or Little ARE youinvesting $1,000, $5,000, $10,000 or more? It will pay you, then, to read our booklet,“Fifty-two Years of Proven Safety,” which tells the facts you want to know about Smith Bonds. Are youlooking for a safe and pro- fitable way to employ your sav- ings? Then read our booklet, “How To Build An Independent Income” which tells how you can buy Smith Bonds with savings of $10, $20, $50 or more a month, and get 7% on every payment. Check the booklet you would like have, 6ll in your name and sddre below and mail this advertisement ¢ us today. No Loss to Any Investor in 32 Yea The F. H. Smith Co. Founded 1873 Smith Building - - Main 6464 815 Fifteenth Street, N.W. Philadeiph Mioneapotis Pittbu Capital & Surplus, $2,000,000.00 The Confidence of Over 45,000 Depositors fThe fact that this over-fiity year-old bank numbers its de- positors in excess of 45,000 affords definite assurance of uniformly satisfactory service. fDeposits in any amount i I—Same Rate of Interest Paid on small and large ac- counts. National Savings & Trust Co. Oldest Savings Depository in Washington Cor. 15th and New York Ave. NOVEMBER 17, 1925. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President Have Your Activities| Outgrown Your Facilities? It you are in need of capital to expand your Commercial Garage, Movie Theater or Church’ we can let you have the money if the proposition meets with the approval of our Mr. Kelley in charge of the Loan Department We chargs the prevailing rates of intorest MEKEEVER G First Mortgage Notes For Sale In Denominations of $100, $250, $500, $1,000 AND TP 637 Interest Secured on D. C. Real Estate Wm. H. Saunders Co., Inc. Established 1887 1433 K Street N.W. 1415 K St. Main 4752 It Is Not Too Late To make your plans for in- vesting such funds as you may have available during the balance of November. We can supply excellent FIRST MORTGAGE NOTES in denominations f $100 up—all of them se- cured upon IMPROVED REAL ESTATE in this 414's 1940 city. Kansas City, Mo. 4.20 i 41y's 1943 West Virginia . . 414's 1939-44 Camden, N. J... 417's 1933-65 Circulars on request The National City Company 741 15th St. N.W. Washington Telephone- fain 3176 Absolutely Safe Liberal Interest Up-to-date Service 4.20 4.25 Mortgagn Investment Dept HANNON_& LUCHY) 713-715 14th Main 23 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. 512% ON APPROVED SECURITY Apply RANDALL H. FAGNER & COMPANY MORTGAGE LoaN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Apartments Office Buildings Houses Business Properties FINANCIAL. ANY AMOUNT APARTHENT flousEs BUSTN PROVZRTY RESIDENCE LOANS AT LOW RAT FRED T. NESBIT INVESTMENT BLDG. Main 977 GEO. W. LINKINS 1733 DeSales Street — APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Lecated in the District of Columbia and adjacent Suburbe in Montgomery County, Mé 3: % INTEREST l.flppl.v ro H. L. RUST COMPANY LOAN CORRESPONDENT ke PRUDENTIAL INSURANCE COMPANY o AMERICA 912 15th Strest N.W. Main 6883 THE REASON FOR INVESTMENT The basic purpose of invest- ment is to attain or preserve financial pendence. ment your own purpose. To assure safety of princi- pal and regularity of income, wisdom sanctions our 6Y2% FIRST MORTGAGES They are vouched for by property approved after the ough investigation. Their in- terest is made certain by the dependable judgment of this organization B. F. SAUL CO. Main 2100 925°15th St NEW-. comfort and inde Plan wisely, or your invest- vou defeat g Thi:. stock has been oversubscribed $1,000,000. Peoples Drug Stores, Incorporated 8% Cumulative Preferred Stock (with Common Stock Warrants) Preferred as to dividends. and upon dissolution or liquidation of the Company as to assets up to $110 per share and accrued unpaid dividends. Di dends payable quarterly. Sinking Fund commencing March 1, 1927, of 10% of net profits in previous calendar vear but not in excess of 37 of the largest amount of Preferred Stock at any time outstanding. Redeemable as a whole or in part on any dividend date on 60 days’ notice at 110 and ac~rued unpaid dividends. Dividends exempt from present normal Federal Income Tax. CAPITALIZATION (Upon c Preferred Stock. 8% Cumalative...... Common Stock (No Par Value) 20,000 shares reserved for exercise of Wamants. pletion of recapitalization) Awthorized $2,000,000 120,000 shs.* To be Outstanding $1,000.000 100,000 shs. Mr. M. G. Gdbs, President of the Company, kas summarised his lester 1o the Bonkers regerding this Preferred Stock, as follows: History and Busines: Peoples Drug Stores, Incorporated, ates a chain of 18 modern type drug stores in Washington, D. C. The business was founded in 1905 with an investment of $9,000 and sales for the first year amounted to $22,000. It has been built up to its present size with sales of over $5,000,000 per annum, entirely through the reinvestment of earnings. The Company was among the first in its territory to apply modern chain store methods of merchandising to the retail drug business. Its record has been one of constant growth with never a backward vear. Sales and Earnings: Sales and net profits after Federal Taxes computed at present rates, for years ended De- cember 31, are reported as follows: Sales $2.356.476 3,089,454 3,681,413 4,039,231 4,828,736 5.400,000 1920. 1921. 1922.. 1923... 1924.. .. . 1925 (3 mos. est.) Ned Profts Afder Federel Tazes o Presens Rotes $101,289 120,477 263,129 305,317 338,594 450,000 Eermings per share on Preferred §$10.12 12.04 26.31 30.53 33.85 45.00 Earmings per Share om Common After Preferved Dividends $ .21 .40 1.83 2.25 2.58 3.70 In 1923 a fire loss of $148,540 was incvmsd,.whic.h extraordinary loss has not been deducted from the operating profits for the year 1923. Net profits for the six years on the foregoing basis, thus average $263,134 per annum, or $26.31 per share on the present issue of Preferred Stock. Future Development Policy: The number of stores five years, and the Company servative management. The There will be no change in the management. Common Stock Purchase Warrants: The Preferred Shares will be accompanied by detachable warrants en- titling the hoider to })urc_hase one share of Common Stock for each share of Preferred Stock at $50 per share for a period of five years from date of warrant. ings of stockholders. The proceeds of this sale current needs. SuIeLDs & COMPANY New York CraNEg, Parris & Co. Washington This constitutes the first offering of the Comp:nx’s stock and is the result of the sale of a part of the individual hold- o not go to the Company, which has ample working capital for its Legal Procsedings—Chadbonrne, Hunt, Jecchel & Brown, New Yorh, for the Bonbers, exd G. P. McGlue, Evg., Washington, D. C., jor the Company We offer the above Preferred Stock for subscription when, as and if issued and accepted by us, subject to approval of counsel. right to reject any or all subscriptions, to allot less than the amount pplied for, and to close subscription books at any time without motice. It is expected that interim receipts of The Mechanics and Metals National Bank of New York will be ready for delivery oa or about November 17th, 1943, Price $107.50 per Share, to Yield 7.44% ted I this while The statements presest M_hm T 5 res operated by the Company has been doubled during the past lans to continue its policy of increasing the number of its stores, consistent with con- ompany plans to open new stores in the Southern territory within the next year. We reserve the MERRILL, LYNcH & Co. New York SteIN Bros. & Boyce Washington are obtained from ssurces which we belleve reliable amd of these securitbes. [FREeee SRR