Evening Star Newspaper, December 2, 1925, Page 31

f FIN ANCIAL PRICES HOLD FIRM AT GENTER MARKET Lull in Buying Right After Thanksgiving Has Passed. Beef Is Unchanged. Wholessle prices at Center Market weare little changed from vesterday. Trading was in fair volume, the lill following . Thanksgiving heing prac- tically ended. Today's Wholesaie Prices. Rutter—Fancy, 1l-pound prints 49%,2580 1 tuh 48,2581, store packed, 36 Egge—Local. frash, fancy, sslscted, | candled aks. hen 40243 Poultry—Alive average receipts, A4 white, 75a85; storage, turkeyve. top, «mall and thin. 30; Spring chick 27a28: fowle, 23a%8: Leghorns, ducks, 20a23; geese. 18a20 A0a75. rabbite, 1op. 30: =ac onds. 13220, Dressed—Turkeys. top 45a30: small and thin, 37238 Sprinz chickens, 30: fowls, 27a28: Leghorns Aucks, 28a30; geese, 03 20a1.00 Live stock—(alves. hogs Mezt—Beef, 17alf lamh. pork loins, 28a30; pork shoulders, A%4: fresh hams, 23a%. Fruit and Vegetable Review. Today's market report on fruits and 40 ens \2acn keats 11 11a 30433 vegetables (furnished hy the Marke: News Service Bureau of Agricultural Economics) says Apples—Supplies moderate: demand moderate. market steady. Rarrels— New York. A 21,.inch Baldwins, 4.73 Pennevlvania and Virginia, A 3.nch Yorks, 5.30a6.00; Staymans. 6.50a7.00. | Boxes— Washington. medium 1o large size. extra faney Dalicious, 3.30: Stay mans. mostly 3.00: Jonathans, 2.83a 3.00. " Bushel haskets, very few sales tahbage—Supplies ~ moderate; de mand moderate, market steady. W York. bulk, per ten, Danish type Celery —Supplies moderate: demand moderate. market steady. California crates. 4.6 dozen, 6.00a6.30; few 1 dnzen. 6.7 Lettuce —Suppliss modarate: de mand moderate, marker stea cali fornia, crates, [eeharz type, 45 dozen 60026 30 Potato Market Steady. Onions—Supplies light: _ demand market steady. New York. 100 sacks, Yellowe, U. S No. 1, size, mostly 2.7 Michigan, sacks, Yellows, 1. S. No, iarge =ize. 3.00a3.25 Potatoes—Supplies moderats. mand moaderate. market steady igan. 1530-pound sacks, Russet 1. 8. No. 1. mostly 6.00, canlifower—sSupplies light moderate, market steady New Juong Island crates, 3.30a3.55 I'omatoes—Supplies light: demand moderate. market steady Cuba, sixes ripes. wrapped. fancy count £.0026.25: repacked., 7.00a7.30 String Beans—Supplies very light demand moderate, market steady Florida, "s bushel hampers, green, or. dinary quality, 2.00a2.50, Peppers—Supplies moderate: de. mand moderate, market fairlv steady Florida. pepper erates, fancy stock, 2.0023.30 Other Prices Today. Fiezplant— Supplies light moderate, market stead: Pepper crates. fanev srock Squash—Supplies very mand maderate vepper crates 430 Spinach—Suppliez liberal moderate, market fairly steady Norfolk section. eloth top ve barrels, Savor trpe. 2.00a3.25. light pound medium pound de Mich Rurals, demand York demand Florida, 2.00a3.30 light: de market firm: Florida. white, wrapped, 4.00a Vir r K Suppli liberal: demand moderate, market steadv: Virginia Norfolk section. cloth top venser bar reis. 1.30. BANNER TRADE SEEN. Hardware Dealers Expect Rush in Christmas Trade. Special Dispatch to The Star NEW YORK, December 2.—Hard- ware Age says Hardware fobbers are very husy shipping Winter zoods. staple lines and special merchandise designed for heliday selling campaigns. according in reporte from imgortant markes canters. It is freely’ Wedicted that this will he an unusually sucecessful Christmas for the hardware trade “Prices ara stronger in all clties And there are persistent rumors that tanls and possibly wronght zends will be advanced soon Retailers whno are preparing for holidav business are not as active as thev have been, though the trading on strictly staple lines is fairly good, “Collactione rontinue ta improve. PORT BUSINESS GROWS. BALTIMORE. December 2 (Special). ~—Arrivals of sea-going vessals at the port of Baltimore during the month nf November totaled 233. ar 23 mare | than for Octoher. Elsven nations were represented. the United States Jeading with 173 steam and 1 hooner. or more than for the previous month. There followed Great Rritain, wit Norwar. 12: Japan. I1alv and Sweden. 4 each: Denmark, 3. Germany and Holland. 2 each, and Danziz and Czechoslavakia. 1 each. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY MORGAN CITY. La., December Muskrat skine made a new high r ord at the first auction sales of season here. Pelts brought $1.20 P ding active, FAST LIVERPOOL. Ohin. her 2.—Mare orders are on the hool of manufacturers than ar any time thiz vear. Much of this i= due 1o de mand from jobbers and department stores anticipating replacement needs after the holiday trada. SAN FRANCISCO. December 2 The merger of the two foremost taxi- the to each for firet offeringe, with bid. Decem cah companies here into a $4.000,000 | company has given rise to rumors that the leading cah companies of Sant Francisco. Oakland and Los Anzeles will he consolidated AKRON, December 2.—Akron tire manufacturers are doing evervthing mossible 1o combat the hign prices of crnde rubber. Reclaimed rubber {s heing used to a greater extent than ever hefore. arve being enlarged chinery installed. ROSTON, Decamber 2.—Shoes made from ostrich skins are being featured in ¢he window of one of Boston's large department stores Theyv av said tn be as strong as calfskin, of soft russet eolor, with a peculiar grain and dota that stand in relle? and modern ma CHICAGO, Dacember liday ie far exceeding anyv previous 104 in Chicagn. Streets are jimmed, though Christmas fe still \hree weeks away. mniform service from efficiency experts advise chang- them all around once a month. 37a originals, | Ademand | Reclaimingz departments | Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK. December 2.—Ofl shares commanded a prominent place again today in the aperations on the Curb Exchange. With leading trade journals reporting suhstantial de- clines in practically ali States. reports of impending recapitalization plans, consolidations and substantial divi dend distributions on this class of stock, the news relating to oil was highly favorable. Confirmation of the report that the Standard of New York. after con- summation of the merger of that company with Magnolia Petroleum NEW YORK. December -——Fol- lowing is an official list of honds and the stocks traded Curh Market Sales in theusands. 12Am Gas & F) 28 Am Pow & I0Am P & L & 17Am WOW Re A i A0 G & E hs A Ae @im Hard A1 in on New York today: BONDS Beth Sti ie 7 Boston & Me | PO Sery Ba 10 € Sere e T 34 Cit Serv p 11 2 ot Ot Gas Bs 104 5 2130 13 - Ten Crm Bign 114 | 15 General 24 $Gulf OC 51y | 19 Inland Stee 3 axiy 19 Kans € Term $<. R31y | 3 Lehigh Pow Rs_. . 101% S Lih MeN & L 1L Win R F | i Nor States P s 63 Nor SN B2 E 1580 I T e | 3papal NEW YORK CURB MARKET THE EVENING Direct te The Star OM | would distribute a satock dividend of °5 per cent was reflected in further | buying of both stocks. | dividsnd and special buving was in | progress in Gibson Oil at the four | level, following the bringing in of an mportant well on the company’s prop- |arty in the Panhandle Field, Texas.| | The new United Cigar Stores went | forward briskly to the accompani ment of higher - prices for the old | shares on the Stock Exchange. The demand for Goodyear Tire common represented short covering. - & Cardina! 5 | 230 Sarv mew [ | §0it Serv 'pra. 34 Columbia Synd | 17 Cresle Synd . A €rown Cent Pete Euchd Oil Co. .. Gen 'Pat i Gult On of 30 Lazo Pel |?'Dnnlm on Tion O . 3 Mareay O 2 Mex Panuen 18 Mount. Prod & Mount Guif Nat | Fuel Gas. New Mex Land Okla Natural G Peer 01l Corn Pennek 01l Corn Red Bank Ol A Reiter-Foster Ol Salt Gk Cons Salt Ck Prad Santa Fa 0 & Venezuelan Pet Wileox 6 Woodler Pet Pate d »» PR poiey »2 » 25 s #r T " e > RO s 7 2525 iim e LB0d38e8Ra0 02 P FFIEE 7 e 7 " A INDUSTRIALS o Sup Mtc B 1 Soutn Gt South pid Albert Pick Amal Leather | Ohta E 2 4m Leather pfd |1 Phila Ran et nt |19 g R Am Haxaian S hAw <heen T Am L & Trac | 330 Cal Edison Am 1 & Trac ota 11 Southeast Am Pow & L n | 36 3nahsa he 2 b3y Am Raron Prod 40 Sun_Oil 535 B e 11 Am Superp A . 6 Switt & Co i Dh15 Rl L o inl Osage ia 9814 a S 37 Pumbil) Steel 2 811 a6 T fee Cadine sta 4173 | 'RuN B 10913 e 1wt 1 Boston MNe b~ 8% DS Run 8% 3110115 10115 10115 15 Brdsenoct Hack o3al ! S Rub 41538 32 1015 10170 1011 10 BrvAm, L e 10813 | S Run 1o1% 11 qe1d Ruraine Tne =i 4% | S Run 101 1a0i 1ons 7 aurdne 2 i § Rub 1008 1004 1004 | 1, Carolina P & 1. 4320 $ Ruh 100% 10013 100% | 4 Central Steel 5 | 1T ¢ Run 10015 1003 1001 1 Gt o 51 % Run 10013 1005 100t R T 1T S Rub 1008 1008 1008 FER it A Walw Mie 9is 01w 91l JEN SR R R e 1 walw Mfe Aa A.. BF ° ai " ai 10 & FRR Te D { FOREIGN BONDS 12 Chrveler =i | 11 And Nat Cor As.. 126 Commw P € naw 3 | 20 And Na €'ne ww 100 i Comms P ¢ n of 2 AR 3 City Cologns Alen. R3% FoXge PESH |10t Graz 8 871y 5 Balt_nw 5 43b | 20y Radaln 7150 &% Daire Prod ® 114 | 10EM RR Franee'3s A4 4 $ontinen Mak ALl 21, 11 French Nat-ia . 827, 131 Continen: Bak cE 58 Great Con El 813 8AN A | ont'l Bax ofd. 1 [TEn | 3 BineanTCon 7134 & 5 3 Conrtlautds. Lea. 3 o | Al BFm i 9k oan oAy | icub TC vt cfe 874 1 5 10 King Denma 5lye. 984 0R4 0R% Curt Aero M nfd 33 1% 18 | MR Denmark’A3100% 1001 DeFor RCvte 18 1A% 15, 1iProv Up Aus 7s. 921 82 i Dever & RanB AL I3 S Rhinse M D 7a.. 9313 313 0315 ADuhiher C & R.. 10 192 13 | IR'of Peru 7156, 8% ° oK © 2R 5 Dunhill Tntl .. 13 Be 1B | 28 Bhine Weatn ' ) a4 ay flrr:ur.Fl.M"fl:" 13 3. § use Govt i L, 18, e 1 Du 3 2 an |75 Slem & wal | East Texas Blec 82 % 92 i Siem & Hal 2R Efdmionr & Bros I 12 | Wit “Govt & Flec Auto Lite . 27, . | Thyseen 1 & EEN Bd & $h of 1041 o | 3Toha EI P'Lid ic 23 Elec B & 8 1 cor 8RN 71 |1 Tokio Eree I 4 Elee Invest In. 1)) 2 1Terol H E P 7yt 1 Enc Pub Sers ] 3 Nt 13 Fageal Moter Co.. 107« 10 17 Sales STANDARD OIL ISSUES TEelinance B 17 42 & in unite 1 Fad Mot Truck . 3 in 1AM 100 Klantie Lonos A Co A& . . 1Rt 18N . i At o7 3 Eorathuor €0 canea) ” w41 041 7400 Cont O1l_new 14 Fox Theaters 271, o7 2T 10 Eureka P L AFrank H H M1 € 3080 Jas 288 100 Galana Sienal 011 4 Freshman Chas.. 20~ 20, 20, 8000 Humble Oil & R 5 Garod Corp 2% .8 0% { 17500 Imp 011 of Can n 10 Gen Bak A s0y 9% 0% | 47500 Indiana P I 435 Gen Bak B, 0% 13 Y {47300 Int Pet Co Lid 2 Gen Gas e {77880 Maznolia et 2 Giatts: & 101 100% 109% | 100 Nat Transit £ Glen Alden Coal 14235 14 38 20N Y Tranat 6 Gondvear Tire T 3 39, 10 Xorthern P 1. 46 Gomnam Hosier~ ass 1700 Ohio. O 16 Gotnam Has 1 of ] 2500 Prair 6@n A Grennan_Bak o 100 Prair 7 Grimes X & C R a% 130 1 Eanp C Stores A -] in 1Hav E&l pf =i - 5900 5 3 Havden ®hem e 7005 g Eden Rea A 28 1003 2 Hollander Sen A 30 103 < Horn & Hardat 8 400 23 Ind Ravon Car A 2 050 onin 3 Int! Cont] Bukh Z | i0Gwan & Finch 1400 Vacium o1 Sales INDEPENDENT OI1, STOCKS m hdrds $Am Maracaibo € 71, % 4 ATk Nat Gae A% A SALES | Washington. Alexandria and Mt otf 1000 ar_10. Washington Gas e 193, Vernon 3 €300 at 103 Lplathington Rux. & Elec. 40—81.000 " canitol 30 Traction Co—10 at 103 103 1103 707t [ o Pragimac Elec. Pow. ptd—5 ar 10419 at 10100 5 Al 10175, 10 at 104%: 3 foghs Faciip Aehington Ga» Light—2 at 8%y, 10 at | | 898 10 2 "60 . 80 at 70" 10 av 70. '8 | at 7o . Warhington Ros.'& Elee. com ——5 at 238, | 10 at 23810 a1 238 10 at 238,10 ai | | Washngton R & Flec nfd—10 ar| 0B T A a1l 16 A7 BT A0 a1 | ante 10 20 a0t Naponal Setipolitan Bank—10 v 388 ot a1 Tices National Bank—5at 420, 10 at 420 “Trust_ o 0 at 2137 Transter & & 10 a1 219 Storage Co 215 ai A AFTER CALL i ):,:,:T:T‘%C:,,“.Z; e v S A Fashington Rvr. & Elee hington Gas Bs 1933—$1,000 at 103 Moner——Call 1oans. 5 and 8 per cent Bid and Asked Prices. BONDS, PUBLIC DTILITY i 4. Avked | American Tel. & Telea 45, 27% American Tel| & Telea $%5 a8 om. Tl & Tel etl tr 5e 100% ATacostia & Potomas 3e 25 \na & Potomac suar 313 C"& P\ Telephone ds _ 100 ©. & P' Teleohone of ¥a. e 9715 | tal Traction R R A 22 apy T & Suburban 5s [ Georaatonn Gan 1st Bs 2a o4 Totomac Eles 1st Bs . . 100 | Pliomac Elac cone. Bs 295, 166 Baias A 1883 10313 ol Pt El Pow. z.m. & ret. 7s 1084 a7 " | Sash . Alex. & Mt Ver 11 2 Wamh Alex. . Mt V. eife.. 10 | | Wash' Ball. & Annap 3e A% | Withington Gas 3¢ a8 | { wainington Gas Be 10245 Wash Rwv. & Elac 4s X 807 ! wash. Rwr. & Eler. gan fs. . 1021 103 MISCELLANEOUS | D. €. Paper €0 6e 28 Por Joint Stock L'd Bk 3w 10115 103% Ripks Realty 5a (iong) 0.0 927 160 | FifEs Realts 52 cahortil... 29 . Southern Bldg Biye . 7T 10z | ¥aan: Mkt Cold Storags 3s. 93 Wardman Park Hoirl br Ote Sois | PURLIC TTILITY ! American Tel. & Talga 1 S ta’ Traction 270 104 Witthzion Gas a T0y | Socraic & wash. Steamboat. 270 300 AT Elacs Dowonfd. wrio . 1045 1041 | Waen. Rwr. & com 23z 23 | WA R, & Eler. nfa a0t A STOCKS. | NATIONAL BANK | ¥ational Capital = | Cotumbra 400 e i & Mechanics 260 TS Amarican i strapolitan ET s 33 Second National Bank of Wash TRUST COMPANY American Seeurits & Trust.. 383 | Comtinental 5 i e, . : [T e & Trusi 438 | Eata Truat 4 i ~\“als>\ Loan & Trust 124 | SAVINGS BANK Commerce & Savings East Washington €20ty Sav. & Com Pnth_Streat tnd States Bank’ | T | Washington Mechanics’ | FIRE TNSURANC] | American 2 e | Corcoran Frramen's - Cnmnm’ Onion : TITLF INSURANCE i ... i e O ata oo om0 MISCELLANEOUS . Paper ptd 3 AR il Mergenthaler Linotype eifp 18] Salonal Mige. & Invest. 5id 3 Ol Duten Mar 14 Duter Market ptd 3 anston Monotspe ... 85 85% Securits Storase Soves 8%B Lol Washington Market . #2 58 Ex div. | Washington Stock Exchange | 0" at 2%, %1.080 com.—10 at | o || NEW 2 Tatl Maten C ata T A i_B 3 Int] 265 Tone 1a Li ¥oare Wire 'Lon Yar- wie o 2hkel Box. | Metts Be & B6 B eira 8450 bra A Trewr T 12 W Tal ot \dvals Co iMar Rub new ) Seapter €. o Maater Pow & Lt 1ole P B850 22300 825,38 38! FEE S AR » S % N2t Pun der A Nor Caiit Ele n T T O e - S IR A EEE B DE AR S ST i 9 Naw England Co 5 Ysgtune Meter X [ o Nick P) naw wi Nizer Corp Sorhet £7% 7 or Ont Lt 3% Na- States PCA iy Nor Sta P C pfd o5 Bmmy € 5t ofe 1 Pillsbx FI M Inn APow Carp N T 'y Proct & Gamble % Pug Sound P&L I punitr Bak A & Purit~ Bax B 2 Re 81l Snoaw W & Rem Nl TC A 1 Renuh M Tk vt Repuh M Tk vt o Mot kenbasker M b3 3. 2 o 2 3 2 0 EELEE SR PG ' PR ey > &3 & | TGulf of Pennsylvania responded to | | declaration of the regular quarterly | STAR WASHINGTON, D WEDNESDAY COTTON S STEADY INTRADING TODAY 35 TRt | Market Opens Off, But Early, Declines Are Mostly Regained Later. By the Associated Pre NEW YORK, December 2 futures openad steady: December. | 20.32; January, 19.88; March, 19.64;} May, 19.35; July, 1598 The market | opened at an advance of £ ta 13| poinis on huving. which appeared to | he influenced hyv relatively steady Liverpool cables, which included turther demands for Octobher from houses with foreign trade connsctions. | Setbacks nccurred after the call un-| local selling promoted by a favor-| view of the weekly weather hut offerings were readilv ab., sorbed. and tha market held generally steady ai the end of the first hour January selling around 1987, or nine | points net higher. ! The weekly report of the weather | hurean indicated that conditions have | heen generally favorable for picking. | and that the work had been neariy completed in Taxas and Oklahoma. Quotations in New Orleans. Cotton | pori. NEW ORLEANS. December 2 (#) Cotton futures opened steady. De- cerfher, 19.40: January, March 19.07; Mav, 15.83: Jul The market opened firm in sympathy | i with hetier cahles than expected. First | trades showed gains of 7 to 11 poinie | The market gained a few points addi tional right after the call. January trading up ta 19.36. March o 1908 and Mav ai 1884, Prices xoon eased | off 5 points awing to a favorable weekly weather report. but soon ral lied again to practically the high points an prospect for less favorable Cotton Values at Noon. weather in the Western helt { | NEW ORLEA December 2. (ot ton futures. noon bids steady. De cemher. 19.55: January. 1946 March 19.18: May, 18.92; July, 1862 | NEW YORK. December 2 rmmni | futu 11:45 a.m. bide steadv. De. | cember. 20.42: January. 18.75; Mareh, 19.74: May, 12.3%; July, 19.03, | sell 1 . PS: LRich Rad n pfd 1 Y Sate CH & Lt Safey Canle 4 Singar Mtc " Sinker, Mep Lid. Al 41 Serv EI Corn A 32N 1gieen, RadTote 40 4 2513 2833 2 S 162 8% | 28 37% as 2% 331 132 2 pe] 18 7% 23t 234 | 1 il T | & 198 19y 10% !§ 1875 19 18T 34 254 247 251 1 Swity & Co. . 0118 118 178 ermiod Bade. 4% 3l 3% ompson Ra vtc 7l 7 20 Trans Lux Pie A 117 1075 11 Y P T S L 1§ 4 10y 10 10 1 207 205 20% 3 Un 78 T4 7R 1 Unt 243 915 94 TR G 587 35N 88 2070 G & 1mp €7 1TAN LT 118K 27Tm Lt & Pow A150% 1485 1487 1Tn Pt Shar new 1472 1400 1473 1D0n Pet Shar ptd 117 117 11 AUNLPAL C B Ste 187, 18% 187 Tniver Pic C... 4R 43's 1A%y BT Sh €0 O wi 31 3% 3 iU S Gypsum. .. 183 ° 183 ' 163 10 S LU & Ht n. 183 181 1834 47 S Rub Reclaim 137 124 131, 1U S R Impn wi 8513 6313 AR% 2 Vie Talk Mach.. 100~ 100~ 100 { 2Vick Chemical.| 40 40 40 2Walworth ‘M || 221 22% 2% 10 Ware Radio LI & i 1 Warner Broa Pic 1A% 1A% 13% 5Wila & Cn wi. 13% 13% 138 2 & C ainiwi T Tar g ol &Cnptwi 73 728 73 1Yel Taxi €X'V 11% 11% 11% | 1 Fellerbach Cron. 270 2754 271 | MINING STOCKS. 3 Am Explora 1 1 10 Chino Ext Mines .08 o8 7Gons Cop Mines.. 2 2 2 Eresson Gold 1% 2% 2% 2 Doloras Faver . 80" 78 " .30 13EneGla M Lid T 30 1&y 1Ay 20 Eureka Croesns .. 08 .08 = .08 §Gold Cont Mined "33 T3 3 Crve M 1 115 11 20 qrelayR g 1 B e B 3 1% 1% 2 i g% A% 20 08 ‘¢ 08 ‘ 08 N 506 2051 2051y 1% Sipiwsing LT A AR TR roGoid M. 2% 2 21 AR WL M g aft 1380 Am Gold &P "8 3 B | 18 Teck Hughe a0 24 2R | 20 Tonopah Ext. i, ih iL & Tono_ Mini; 5% 50 sn 10T Fast Mine | 48 ¢ 45 ‘45 10m Verde Ext. 26w 264 26 2TUtah Apex.... 5 | 4 Wenden Copper.. 3 2q 8" {STEEL COMPANY BUYS ' LAND ON MISSISSIPPI YORK, December 2 ((#). - Carnegie Stee] Co., a subsidiary of the | United States Steel Corporation. has " | bought about 85 acres of land in the | vieinity of Fort Allen, La., with a | frontage of three-quarters of a mile on % | the Mississippi River. | It is propesed to Build a system of warehouses and water terminals for shipping steel to foreign and ssabeard ports. . | those to be had from the obligations | lon and after February 1. |""A" bonds are the joint obligations of | printed in fancy green scrollwerk is COMPLETION IS URGED | OF ALASKA RAILROAD Completion of the Alaska Railroad | over a period of vears at a cost of | $11.875.781. so that it may he oper ated efficiently and aconomically, was recommended in the annual report of Noel W. Smith, general manager of | the road | The report called attention.tn the | cutting down of the annual operating deficit by $489.901.8% during the last fiscal vear. the 122425 figure being | $1.246.674.52 | The road hauled 33865 tons of | treight. a decrease of 2.7 per rent| under the precading vear's figure. at tributed chiefiy tn smallar shipments ! in ore. This decrease. however, was declared 1o have hesn more than nffset by economies in aperation. BOOKVALUES REDUCED. i Central Leather Diractors An- nounce New Move. ! NEW YORK. December 2 (#) . Stackholders nof the Central Leather| Co.. have heen notified that the dj. rectors have ordered the hook value of the company’s assets as of Sep tember 30 reduced hv adjustment aggregating $7,407.075 to cover writ. ing off of plants and nther assets These adjustments will not affect on erating results for the first 3 months of 1925 as heretofors reported. The ! adjusted balance sheet shows that after providing for all liabilities and preferred atock at par and accrued dividends, balance amounted to $3.-| £07.370. which represents a hook value of $24.70 a share on the common stock | figured on the basis of a growing| concern. | LIVE POULTRY FIRM. CHICAGO. December ° (). Poul-| Alive, firm: receipts. five cars:| fowls, 17a2415: Springe. 25 turkey 30: roosters, 18: ducks, 18201 gee EVERYMAN'S INVESTMENTS | | Denmark Dollar Bonds. The high rredit standing of the Kingdom of Danmark iz reflected in the prices at which it dollar bond: in the American market. The vielde obtainable at recent quotations | an these honds are around 3!; per cent. which compares faverably with | nf the nther countries of northern Furepe. There are twe direct obligations of | Denmark available te American in vestors, one a & per cent issue. due January 1, 1942, and the other a 53 per cent bond maturing August 1, 1985. The respective provisions for redemption of these two bonde are impertant only in so far as they fore. cast the length of time the investor will be allowed to retain hix holdings. In neither case s the redemption price below the market price. The 65 ‘may be called at 105 on 60 das notice and tha 5138 may he retirad on and after August 1. 1230, at par on three months’ notice. Another Danith {ssue is the dated municipal loan carryin cent coupons in two =eries, “A" and “B.," due, at 1071, February 1. 1846 Both these serfes are callable at 1671, 1926 but the market price it substantially above this figure, thich sharply re- Auces the yleld. Thus, if nne of these 2 par cent bonds is purchased at 110 and is retired a year later at 10735, the investor will have only 5 per cent on his monev. The only difference betwean the two series is that the consoli- 8 per 27 munieipalities and the ‘B bonds are similar obligations of Copenhagen and Fredericksberg. Very recently another Danish con solidated municipal loan. the joint ob- ligation of 26 municipalities, carrying a 515 per cent coupon and callable at par on November 1. 1930. was offered at a price to vield 5.60 per cent, which is_about in line with the return on other Danish dollar securities. The city of Copenhagen has a 514 per cent bond iseue of its own outstanding in the New York market. It matures July 1. 1944, but ‘annually, on July 1. $750,000 par value are retired by lot At 100. The market price ranges just yelow par. Like all the other obli- zations here discussed, this is a high- grade investment. (Copyright. 1928, A Fool and His Money. The fact that a stock certificate i ne proof that it is werth any more than erdinary wall paper. Thousands of people in Washingten would have saved their money if they simply had asked their banker to tell them what | eau | The principal John Barnes Ends 53 Years’ Work With Exchange Ry the Associated Press FEW YORK. December John P. Barnes, whose memory re calls the activities and personal ities of Russell Sage. Jay Gould, Commodore Vanderbilt ‘and of many other prominent figures in the history of Wall street. an nounces his retirement .January 1 as superintendent of the floor department of the New York Stock Exchange, where he has served for 53 vears. Floor boy change w emploved on the ex all under his charge. and many of the youths he em ploved in past years he later saw hecome members of the axchange. Mr. Barnes is 73 and in place of a pension it was annonnced that “apecial provision” will he made for him by the exchange SPLENDID OUTLOOK IN STEEL INDUSTRY Orders for Early Part of 1926 Already Assured, Big | Firms Report. now on the lakes reach lLake FErie| ports the last fron ore of the season will have heen delivered. The steel situation in the Pittsburgh district | i« distinctly healthv. accordinz 10! dispatches recelved from thers todav | and advices from New York offices to Pittsburgh companies DECEMBER 2 ST. PAUL'S GRASH |Former President Gives His Production there has falled to yield o the influences which normaliy A decline at this time of vear independent company is operating at 20 per cent of capacity, and while United States Steel Cn plants are working slightly nnder this i rate, their activity {e mounting stead iy, Machinery Outlook Good. Heavy buving hy manufacturers whn require steel for their products 1= in {dence. and iobhers and deal . & are replenizhinz their stacks ta he teady for Spring Aemand. Some nrders are heing placed in anticipa tion of 3 zeneral price advance. The producers are huving farm machinery extensjvely Pittsburgh wire products mills are and hoop departments running almost Zt 100 per cent of capacity (Conrrizht OFFICIAL OF N. & W. DEFENDS RAIL PLANS Declares Taking Over Virginian Wonld Cnt $2.000.000 From Yearly Expenses. Br the Assneiated Press Dispute r possible operating econamies the Narfolk which and ronsnlidation with the Virginian under pending proposals marked the hear- ings yvesterday hefore the Interstate Commarce Commizsion W. J. Jenks, operating vice presi- Aent of the Norfolk svatem. the only witness, was held on the stand throughout the day by W.C. Bronson. rounsel for the Chesapeake and Ohio Raflway. one of the opponents of the project. Mr. Je presented itemized asti- mates that $2.000.000 a vear could he saved by the fwo roads in the operat- ing cost of handling the present busi- ness, provided they operated as a unit Joint use of terminals, shop facilities, and electrical generating plants, elimi- nation of locomotives and locomotive repair expense were included, but as to almost every figure opposing counsel had detailed questioning. While the State of Virginia, Norfolk and other communities served by the {wo roads are amonz the list of op- ponents to the project, the technical questions were all left to the debate of the rallroad -epresentativ Mortgage Money to Loan Real Eata Let ne finance praperts THOS. E. JARRELL Membar Washington Real Fatate Beard 1 10th St NW. Main 366, “Prompt Action First Mortgage Loans Lowest Rates of Intersst and Commission Thomas J. Fisher & Company, Inc. 138 15th Street | WE PAY MORE INTEREST ON SAVINGS ACCOUNTS Than Anf Other National Bank n Washington | Interest on DAILY Balances | | Come in and let us explain Commercial Nat'l Bank 14th and G Streets Resources $17,000,000 }u. GOLDE DONALDSON, PRESIDF ON REAL ESTATE GEO. W. LINKINS he knew of some supposedly wander. ful investment. 1733 DeSales Street operating at ahout A0 par rent. and strip mille are at 85 per cent. with prices steady. Orders for plates are rather lizht. as is call for structural steel Stael leaders in the northern Ohio | section report an Increased ¢ mand for 19258 delivery of piz iron. semi-fin jshed steel and finished products. ! Operations in the Mahoninz Valley continue high. with sheet. strip. bar Twestern mav he enabled to make b Ry the Associated Press H business expansion in the North 192 FINANCIAL RELATED T01.C.C. Views on Causes of Great Railroad Failure. | H. F. Ryram. former president and now a recelver of the Chicazo wankes & St. Panl Raflroad terday gave his account of the road’s financial disaster to the In- terstate Commerce Commission i A major cause of the railroad’s fallure early this year tn meat its obligations. "he safd. lav in Panamu Canal competition with franseont nental raflroads. with a ces<ation nof, which affectad all railroads in the territory. a eontribntory factor | Ha defende the railroad’s ness policies prior to the recefv hip on every point raised during eritical questioning hy J. 1. Hickey chief of the commissian's Rirea: nf Investigatinn. Tellin, of effort made 1o avaid the recelvership. My Byram said that the only way o of the situation brought about hyv re- dlicad earnings was the receivership | and the ronsequent writing down of honded nhligatinns Canal Sharp Competitor. By gome caleulations as to Panama Canal trafic. the witness estimated - that the St. Panl's loss of gross reve BY J. C. ROYLE. . | nue from that competition could he ¥ { placed as high as $15,000,000 a4 vear. | Special Diapatch to The Star | Replyving ta a remark by Mr. Hickey NEW YORK. December 2. Orders|ihat “all the traffic the eanal carries just placed for parts and raw ma-|in a vear wouldnt equal three davs terials indicats that the automobile [irafic an the franseontinental rail industry will g0 into the new Vear | .gade’ he sxplained that his fizures | | with schedules aimed at A produc- | qid not touch that aspeet of the =it tion of 5,000,000 cars. This trend | tjon, but insisted they were corre toward heavier output in 1926 has|as tn fts competitive sffect i heen felt first in the steel centers| Taking up the poliex of the road since hankers claim that while Detroit | during the last few vears in purchas factories form the thermometer of the |ing the Chicago, Terre Hanute South automobile trade the steel mills are |sastarn and the Chicazo. Milwaukee | it barometer and Gary lines. Mr. Hickey suzgested For example. the Steel Products Cn. | that this had worked 0 “impair_the | veland has just received an order |aiready weakened St. Paul credir.” 0,000 worth of automohile parts. Acrording to Charles E Claims Profit Furchase. Thompson. president of the company.| “Bui that wasnt a hurden.® AMr thin is the largest single order ever | gyram prtested. referring to the | written on the company’s hooks. The | Terre Haute purchase. “That trans parts will be used as original equip- | action has showed a profit 1o the St ment on 1326 model cars. The arder | ay) ssatem fiem the. fret soar. 1t consisted largely of angine valves and | ae a conelderable heneft | tubular chassis parts 1t added $20.000.000 1o your alreadx The steel industry iz preparing 0|, heavy hurden of honded indebted care for the demand which active| S0 058 0 Bl O et ad automobile production entalle and Bub it aids o Sroft™ My Biain meet other increasing requirements| ., ol ot BOOS S BOT S BETE in addition. When the nre fraighters 3 lating + ans action had meant a gain of $3.000.000 a vear, through <avings in purchase hy' the Sr. Paul of coal on its awn line and through revenue from com. | merefal business i Defends Another Moy The Gary Line was reprecented a factor in the combining of the new business and the actual outlav. My Ryram asserted. was only §375.000. for the Terre Haute stock. He agreed that the St. Paul had zuaranteed t pay interast an Terre Haute income honds. which had not received rezu 1Ar interest hefore. and Mr. Hicke: then cited money loaned tn the Terre Haute. This had hee honds, the witn vhen it wae hrought our honds had heen =old at a toraling $690.000 that the pure . neverthelass had heen profitable Money to Loan Sectred by Arst deed of trust on rea revalling oierest and o B WAL 8 Trnat Joseph 1. Weller 5 Wi 1 4 Ty REAL ESTATE LOANS RESIDENCE LOANS AT LOW RATES FRED T. NESBIT INVESTMENT BLDG. Main 9392 First Mortgage Notes ¥or lahle funds for THOS. E. JARRELL Memher Washington Real 20 K0t SN V2 070 i Fetate Boa For Safe Invest- ment Buy Our First Trust Notes CHAS. D. SAGER 924 14th St. Main 36 FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President | | 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. NW. INSURANCE —in all_its branches. Let ns know Your reamirements. We can serve vom, THOS. E. JARRELL 100h StNW.L Main WANTED 3?1 Business Properties We are prepared to give per- sonal attention in securing tenants for all classes of busi- fiess properties. If the results ohtained from your property are not satis- factory—try our organiza- tion. H. L. RUST COMPANY 912 Fifteenth St. N.W. Main easa I 4 | ® 3 . | ® B e o0e ¢ Washington Investment and Transactions Co. 715 14th St N.W. Mnin 3662 (2 2222222222222 29 Btocks Bonds Torernatl. Bank t Mte. Bonds Bni-Guar Train z.Inv o Mt Thise. Cn Finanee natl. Financs | Wardman Mte MEHLMAN & CO. 1319 F St N.W. Th. tain 8817 WE BUY—SEL! Amer. Coal Tarp. Banke. Tr. Mte. Bie Vein Anthr. Renefcial Toan WANTED ! SECOND TRUST NOTES Funds available for the pur- chase 01 all kinds of second frust nates. ascured on D. C. or nearby teal sstate. Prompt action in avers case (222222222 22 Because— i | our specialists under- | Court Square | stand the require- | Buildin | ments of Apartment g H o us e Manage- New York City ment, we can- First (Closed) Mortgage not only save 6% Bonds due Nov. 1958 voumoney, This issue will he secured hy but earn an aheolute First (closed) Mortgage nn a new 2l.atory office structure and on the land amned in fee. sitnated In the center of the ity Hall distrier of New York City. There ia an increasing demand for hizh-class office pace in this lncation Price 993, and Interest We welcome To Yield over 6% Descriptive data wvith location map sent upon request for A-617 E. H. Rollins & Sons Founded talking over the question of managing your rental B. F. SAUL CO. N-W. propertiez 416 Woodward Bldg. Washington 5 15th Street Main 2100 New Vork Trenver Phitedeiphia San Franciscn Metropolitan Life Insurance Company FIRST MORTGAGE LOANS BUSINESS PROPERTIES OFFICE BUILDINGS HOUSES APARTMENTS CONSTRUCTION LOANS WEAVER BROS. Realtors 809 15th Street N.W. _— The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Ftate in the District of Columbia and Nearby Maryland Suburbs for 3, 3 or 10 Year Period Houzes 1 Aerimints Business Properties 2 0 Office Buildings ON APPROVED SECURITY Apply |RANDALL H. HAGNER & COXMPANT MORTGAGE LeoaN GeGRRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Equitable Co-operative Building Ass'n FRANK P. REESIDE. Secratary 16th YEAR COMPLETED Surplus $1,352,740.03 JOHN JOY EDSON, President Organized 1879 Assets $5,031,814.86 Suburiptio'ns for the 90th Issne of Stock Being Received SYSTEMATIC SAVING The quickest way to ac- surest and Join the Equitable and save with the % cumulate money is “Army” of regular saving ally. “Join today. systematic- depositors. " 915 F St 915 F St the nld Neapolitan sign language. the er- pression. “That's honest talk.” was conveyed by placing the inder finger the right hand on the lips and then poin ing it straight forward In this way the Neapoli- tan said: “That’s Honest Talk” This is what we are trying to give the invest: public of Washington DAILY in these columns—an thus to protect the unwary from the trickster puttin over his promotion scheme under his promise o “SOMETHING FOR NOTHING.” Listen not to his persuasive voice. but get in touch with our MORTGAGE INVESTMENT DEPART- MENT for informaton about our FIRST MORTGAGE NOTES on improved District property worth TWICE the amount of the loan. Interest 612 per cent per an- num—with assured safety and no depreciation. m nt MORTGAGE INVESTMENT DEPT. 713, 715 and 717 14th Street N.W. Main 2345 H