Evening Star Newspaper, December 4, 1925, Page 31

FINANCIATL. THE EVENING BTAR, WASHINGTON, 1. O, FRIDAY, DECEMBER 4, 1925. FINANCIAL. EGGS ARECHEAPR INLOCAL ARG Conslderable Drop in Al Grades—Other Prices Little Changed. Qutte & drop in the whole e prices ©f egss was the featurs at Center Market fancy, in today's trading. F and 6S cents per dozen. Av Mceipts sold at 60 and 6 rage eggs were quoted at cents per dozen. Dutte Poultry and live stock pric practically the sam S Parly in the day trading was ra slow. Today's Wholesale Prices. Butter BT tub i8S~ Locs candl At 68 hennery, white, 3738, Doultry—Alive; turkeys. wmall and thin, 30 28a30; fowls, 2 Aucks, rabbits Dressed and thin fowls, 28 seese, 30 Live stc Meat— B lofns, hams, Fruit and Vegetable Review top. resh selected eggs were down to 65 ithe Spring chick Today's eport on .ruits and Vvegetal (compiled tae Market News Service, Bureau Agricultural Economics) ead 1d X i fa, A 3-inch Y reported tes moderate: demand New Penn orks, lies limited: demand firm; bulk per ton, 40.00. Other Prices Toda Celery—Supplies demand modera arket steady ornia, crates ( 6 ‘dozen, 6.00a New 2.3 moders crates nd sacks Ye large size. 3.00; few Potatoes — Supplies mand moderate, fgan, 150-pound U. 8. No. 1, mostly 6.00; few bes Sweet Potatoes Steady. Sweet potatoes—sSuppl demand moderate, ore Maryland, ws. Ne s mode: o1 Supplies ve te, market T3-bushel ham tv, 3.50a4.00 t; no sales reported. upplies light: demand market slightly stronger; erate, ginla, Norfolk section, c barrels, Savoy type, 3.60a4.00 RUBBER IS Ei).(PECTED TO REMAIN H Spectal 1 WEW 4 nouncemen 1 restricti against export hber by British governmer the Far East oolonies would be relieved 15 per cent ¢ 1 brought comfo; ronsumers, since, orld consumption is mated to be proceeding at the ra 640,000 long tons annually, while duction capacity is placed at 47 fons. igi o FINANCIAL NOTES. ork . peppers, squash—Supplies rate steady ham pers, mod Vir- loth-top veneer IGH rt to the esti- te of pro- 7,500 NEW YORK, December 4 (#).—The Standerd Ofl Co. of New Jersey has edvanced export kerosene in cases 3% cent Operating income of the Pullman Co. for the first 10 months this year reached $11592,947 compared wit $7,721,427 a vear ag The way has ordered 1,000 aut cars from America Car and Fo nd 700 from Pull man Car and nufacturing Co. BROKER CLERKS WIN STRIKE. PARIS, Dacember 4 (&) ing brokers’ cle they were not g which tot SAC of business r handled, point when the hourse promised them an extra lar and dectded upon the Saturday cle until the new vear Meanwhile negotiations will stituted ween the clerks and the hoar <8, who protested en enough spac won —The str that ce in the enormous amount their ithorities ge room osing be in representatives of of governors of the bourse to diccuss the advis ability of making t urday closing permanent RAIL DIVIDEND PAID. NEW YORK. December 4 (#).—Di- rectors of tha Gulf, Mobile and North ern Rallroad Co. today declared a divi dend of 4% stock, ment of the 6 per cent dividend due January 1. 1926 will reduce accumulation on the to 20 per cent per cent on the preferred with the provision that 3% pe cent £hould be regarded as an adju This payment issue OFFERS COMMON STOCK. NEW YORK, December 4 (8).— Untv I Pipe and Radiator Co. has offered common shareholders the right 1o subscribe at $25 a share to one share of commnion for each three now held. Rights were d to trad 1ng to They expire December 28 to holders of record December 12 and must be settled December 22 EXTRA DIVIDEND VOTED. NEW YORK, December 4 (#).—An extra dividend of one-fiftieth of share in common st olared on the common ck of A ijoan Gas and Electric and the reg: g , paya 2 to stock of record Decem in cas guarterly of 25 cer January bee 10. McCRORY SALES GAIN. « NEW YORK Sales of Mot for the 11 nfn s of this year 524,340,715, an increase of sum“‘ curity 8 over the corresponding peiodq)! one k has been de mer. = oration | were le | NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. N YORK, December 4.—The curb market was active and strong from beginning to end today, the de mand centering in no particular class of stocks. It was natural that the oil shares should have come in for considerable attention in view of the optimistic reports concerning the out- look for the industry. New high rec ords were established by Imperial Oil of Canada, Salt Creek Producers, Humble at 81, Gibson well across 5 and Bradford Oil equaled its previous best for Others that stood out Relter I well were Red Bank, almost a point higher; Magnolia Petroleum — and b Penn. YORK, Decem an official list of b ied in on the N 1038 1033 gy 04N 1004 100:% 1015 10113 divr a4y 100 10473 130 101 27, o i P &2 5 10013 & B S T v T o 3 1001 T 10088 ; 1008 FOREIGN BONDS @ Andian N 4And N T s ww Denmark 81, Bk Denmi 8s 8o Ban 75 Rep of Pary R 01 Paru & Wen 2 SGpf old 10835 2 Am Maracaibo Co 6% 6% 6% Washington Stock Exch;r;gé SALFS. Washington Rws. & Elec. pfd—2 at 8053 25 at 0014 2 7 L n Monclype—10 at §5. 10 at 88 AFTER CALI Washington Gas 5s—S2,000 at 68% 083, Traction Co—10 at 103% at at 10 I Tra s —$1.000 at 08 ac Eletric Pow. pfd dshington Rwy. & ¥ PrL—10 Washington Rwy. & 0% Comme Potoma: 45—81.000 "at 20 at 206, Y ons. 85—$1.000 at ashington Gas 6s '33—$1,000 at 10; Capital Traction 5s—$2.000 at ~987%, 500 at BR L “ashington Rwy & Elec. com—35 at 235% . 8 Al 245145 at 248 % 5 at 245% . Washington Gas 6s 7 500 at 103 epashinglon Ray.” & Elec. com—10 at Natjonal— Electric Money—Call loans. 5 and 6 per ceat. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Asked. Amerdean Tel. & Telea. 4o e costia & & Potomac zua P Telaphone 5s & P Telebhone of ¥a Georget Fotomac El Oiomas Flee: 8y 1053, 03 b tomar Flece 5 . 102 POl B Pow eom. & et 7 10800 Wash.. Alex. & Mt Ver Bs. i1 Wash. Alex. & Mt V. ctfs.. 10 Wasn . Bait. & Annap. B a8 Washington hington MISCELLANE ot Joint Stock L'd Bk. Bs.. n Bldg. 81 it Cold Storaga sa.; Wardman Park Hotel 6s. STOCKS. PUBLIC UTILITY American Tel & Telga.. Capital Traction Washington Gas G = Wash. Steamboit A Interim ctfs L Fiec. com & Eiee. pid NATIONAL BANK National Capital 3 Columby mercial Hict 4 Pirmers & Mechan Faderal-American ohergy eor- Lattona Metropolitan Wash, Rwy Nation Rises Cond Tank of Wash.. TRUST COMPAN rican Security & Trust... 3 {nental ; Ame: ings & Trust: Toan & Trust.. {rnion Washington Commerce & Saving: £ Washington . East i Sav. & Com. B geventh Street TUnited States ‘Wasbington Mechanics 5 FIRE INSURANC American " & Storage. 158 i87 | Totype “iB0 18a | Tivest. pid. 9ls i ( 1 coml 1w &7 0ld Duich M v2d P < 4 ansion BODOLEDS sy Heavy short covering came into the motor group, resulting in a rise of more than 2 points to a fresh top In Stutz, while Franklin Manufacturing gained almost The upturn in Chrysler, which carried it close to the 0 level, was sympathetic with ength in the old shares the k Exchange. ocks admitted to trading for the time included American Bank s new common of $10 par value, ew England Co. authorized pre- on na con 1, Western Mary lway 7 per cent first prefer red, Fisk Rubber Co. new first pre red and Bonolulu Consolldated Oil . capital stock of $1 par value. § i g i 2 o 3o i 313 - By | 51y L 2% ® 7 0% &0 80y 018 . pfd Ravon Prod Am Road Mach: 10 Am Superpow B 1Apco Ffg Co A Asso Gas & Eieo Atias B e new it-Am_Tob Bklyn City Con ommw P nw pt £ 3T Co Balt ons Dairy Prod ontinen Bak A ontinen Hak Bl ontl Bak ptd nt'l Ton Tn artlau rtine For R C v sand 000000 59 5 M 1 evoa Rayn 'n' B D ¢ & Rad an Co A ‘X Theators be 3 onveX 8 | NMohawl Vke A § 3 ; 3 2 23 33 o0 S Nor St Ie e 5 Sont ; : ’0 5 ki 1 i Ry 3 B 3 Repettl € inger Mg 4 Singer Miz Lt Serv El Con 11 Sleep “Rad 10 Sou &P A 16 Southeast P&l i 13 Sma Viscas: Cal E Dairios o G ook A SR 1B ) F OGRS S FFSIESSE I Mot 21 Swift Intl L Swift & o 1 1Terre H I&F Tni 2] Thermiod Radit 2 Thomp Radio vte 1 Thompson. J M. 5 Tob Brod Expt.. 18 Tob Prod Corp... 3 Tower Mix " 141 Trans Lux Pio 1 Truscon Steel. Tublze A'S B ungsol Lamp Tungsol Lamp & Unfon Carbide 1 Uni Elec Coal vid 1Uni Cig Strs n w 1l G & E new (Himi G & T T nj ow A 1 2 Utility Shar O wi 78 aly £, ™ Rub Reclaim 3 Eia - Y *, i R 7 59555855253 R FROTPIN Pow pfd. . Wils & C 1wl Wile & C A n wi 2Wils & C 1 pf wi Sales in MINING. hundreds, Calaveras Cov. .. Chino Ext Mines. 5 Cons Cop Minex iy Sons Min & Smlf 15 10 Eng Gld'M Ltd 1 7 Gold "Cent Mines 30 Hawthorne M 1 1 Hollinger . | 1 Jerome V De ot b 4 i 5% 7 5 1 17 Kay Copper Cor.. 188 i ersey Zin: () h Butic old 1 Premier _Gold 550 Am Gold & P & Tock Hughes 3 Tono Be 7 Tonapah ‘nv ks 7 s Contl v ADe: Sl 67 0 Con 4 3 3 Good-bye is quite the Jongest word g A XS | PRIGES HOLD FIRM INCOTTON MARKET Open From 1 to 12 Points Higher, But Ease Off in Later Trading. By the Associated Press. | NEW YORK, December 4.—Cotton | futures opened steady; December, | 20.4 uary, 19.84; h, 19.78; May, 19.41; July, 19.02. The market | opened at an advance of 1 to| 12 points on covering and some trade | buying, which was probably promoted | by the fairly steady showing of Liv- erpool and rather smaller private crop | figures. The first two crop reports to make | their appearance were below the av- | erage of recent estimates, one plac-| ing the crop at 15,041,000 and the other at 15,200,000. Any effect this | may have on sentiment, howeve: 8oon was offset by publication of tw | yield other reports pointing to a around 15,600,000 bales and gin- | ning of between 13,600,000 and 13, 716,000 bales to December 1 January contracts, which had sold up _to 1986 at the opening, broke to | 19.73 before the end of the first half hour, while March eased off from 19.78 to 19.62 under liquidation by early buyers, Southern and Liverpool selling. P, showed net losses of about 5 to 10 boints before 11 o'clock. Quotations In New Orleans. W ORLEANS, December 4 —The cotton market opened quiet, and al. | though Liverpool was better than due first trades were 2 points down New York, showing a good gain on Decern. ber prices, rallied a few points, but soon eased off again owing to the weather in the belt proving better than expected. January traded down | to 19.40, March to 19.06 and May to 18.50. Two private estimates were is. | sued today, one making the crop 16,- 041,000 bales and the other 15,600,000 bales. One of the authorities esti ated total ginnings to December 1 00,000 bales. Cotton Values at Noon. NEW ORLEANS, December 4 — Cotton futures noon bids steady. De cember 19 January 31; March 18.95, May 15.69, July 18.41 EW YORK, December 4—Cotton | futures 11:45 a.m. bids steady. Decem- ber 20.25, January 19.67, March 19.57, May 19.23, July 18.88 FARMERS REJOICE AS WHEAT SOARS Special Dispatch to The Star NEW YORK, December 4.—Busi- ness sentiment {n the grain-raising States has jumped up and down like mercury In a thermometer in the last few weeks in co-ordination with wheat prices. At present the price level points to ‘“fair and warmer.” The amount of wheat shipped and the money which went into the farmers’ pockets in return fell off sharply in October and No- vember, but recent spurts in prices e released large quantity of especiaily In the last few days ships on the Great Lakes aded hastily today to take advan- nf the old urance rates, which at midnight tonight and increase again on December 12. In the Da- kotas, Montana and Minnesota the larger portion of the grain crop has been hauled to market, but still re- mains in the ownership of the grow- ers. This volume of stored grain is heavier than in any year since the war and has tied up a large sum which normally would be in posses- sion of the farmers—or the mer- chants they patronize. Half Crop Still Unsold. The proportion of the crop still u: sold is conservatively estimuted 50 per ce Grain shipments, how ever, under the influence of the last excited ju » in the wheat marke: are now returning to normal Tk orage cap of the country ele vators has been about fully taken as was possible and still leave wor ing space, but the latest report of the Minnesota State bank superin- tendent shows that the growers are now cashing in on their holdings. | State bank deposits show a gain of $25,000,000 and savings accounts of $17,000,000, according to his report When grain is held in country ele- vators extensively the surplus usually comes in to terminal markets, and it | 18 indicated that a considerable | amount has reached the Northwest terminal elevators. This is confirmed | by the fact that grain draft collec- tions by banks are 20 to 25 per cent below those of a vear ago, although the decline in receiprs Is not more {than 9 per cent. Since August 1 the amount paid out by grain firms on drafts at Minneapolis has aggregated $165,000,000. Rap Board of Trade. Farmers in the Northwest still ex press dissatisfaction over the regula- | tions governing trading on the Chi- cago Board of Trade and other ex- | changes, declaring that the prevention | of a more than 10 per cent price varia- | tfon is not adequate, since such a wariation has seldom occurred. The farmers also are bitterly op. posed to an increase in grain rates for the Northwest roads. J. F. Reed, president of the Minnesota Farm Bu- reau, has made a point-blank threat | that farmers will establish a freight- | truck service -if railroad rates are raised. The Northwest roads have | complained already over the competi- | tion furnished by truck and bus lines and have used all efforts to have this | competition checked. | (Copyright, 1926.) | CLOTH MARKET STEADY. NEW YORK, December 4 (Special). HOLIDAYS ON BOURSE TO HELP CLERKS OUT PARIS, December 4 (®).—The Bourse will be closed tomorrow and every other Saturday in December under an ordinance issued by the po- lice prefect today. The brokers, who have heen swamp- ed with orders, need extra. time to ar range thelr affairs before the new vear and petitioned the prefect to take this action. DVAIIIVYr E!’R-ODUCTS. BALTIMORE, December 4 (Special). Tive poultry—Spring chickens, pound, 20a30; Leghorns. 20a26; Mi- norea old hens, ; roost- ers, ducks, 2a27; geese, % turkeys, 35a38! poor and crooked breasts, 25 pigeons, pair, 0: guin each, 35a80 Dressed poult keys, young, pound. 35a40; old, chic S, you old ducks 3 I Recelpts cases; native and nearby firsts, dozen, offered at 66; candled, Jutter—-Good to fanc creamery, pound, 48a52; prints ladles, dalry printe, 35 rolis, 35a38 4.00a5.00; a43; store packed a38; process butter, 46 Rabbits—Choice, dozen, fair to good, 2.00a3.00. LONDON FOG BIT DENSE. LONDON, December 4 (#).—The wool auctions today were postponed on account of fog WE FINANCE —all classes of income-producing property Large Loans a Specialty Current int. rate and commission Higbie & Richardson, Inc. 816 15th S W. Continental Trust Company Capital One Million Dollars 14th & H Streets Wanted Bank Cashier With Experience. | ive vice presidency. Give quali- s Liberal salary. Address Box . Ntar office. FIRST MORTGAGES FOR SALE Denominations of $250, $500, $750, $1,000 and Upwards | 6%:% All Loans Made on Property || Located In the District of | Columbia | JAMES F. SHEA 643 Louisiana Ave. N.W. Trust V2 V2 % %o CHAS. D. SAGER 924 14th St. Main 36 For Safe Invest- ment Buy Our First First Mortgage Notes For Sale In Denominations of $100, $250, $500, $1,000 AND TP 617 Interest Secured on D. C. Keal Estate Wm. H. Saunders Co., Inc. Eatablished 1887 1433 K Street N.W. Money to Loan Secursd by first deed of trust on real estate Joseph 1. Welle Bonds Amer. Coal"Torp. | Internatl. Bank. Banke. Tr. Mte. | Ist Mte. Bonds Bix Vein Anthr. Mte, Bond.Goar. Beneficial Loan Miller Train Chanin Sacks Natl. Mtg.Inv, Collatl. Rankers Real’ Est. Mig! Duran-Rtar Mts, German Bonde Union Finanee Internatl. Finance | Wardman Mte. MEHLMAN & CO. 1319 F St. N.W. Ph. Main 8847 Unfon Dise. Co. First Mortgage Notes For_sale. Consult us if vou have available funds for investment. THOS. E. JARRELL Member Washington Real Estate Board. 721 10th St. N.W. Maln 366, " FEDERALAMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President The 64-60 cotton prints, which have been see-sawing between 9 and 81y several days, dropped back to 9 today in a quiet market. In the raw silk market, which was generally steady, the Canton 14-16 jumped 45 cents to $5.45, while the Canton 20-22 dropped 20 cents to $5. Your Banker Knows. When in doubt about a s uity | consult your banker. It is equai, as much his interest as yours to pr.tact | your savings. You trust him with your deposits—why not trust him with your investment problems? . 2 | 000040000000 WANTED ! SECOND TRUST NOTES Funds available for the pur- chase ot kinds of sgcon rust notes. secured on D. C. or nearby real estate. Prompt action in every case. Washington Investment & and Transactions Co. 715 14th St. N.W. Maln 3662 122222222 FRUIT DAMAGE SLIGHT. JACKSONVILLE, December 4 (Spe cla)—The damage to the Florida citrus fruits from the recent heavy storm probably will not affect more than b per cent of the crop, but thou- sands of acres will be inundated for days yet. | STOCK PLAN FAVORED. NEW YORK, December 4 ().~ The proxy commities of Mack Trucks, Inc., has received sufficient proxies to authorize an i ease in common stock from 500,000 to 1,000,000 shares, no par value, which will be acted upon | eta meeting todan Stocks Bonds 0dd Lots Carried on Margin Buck & Company —BROKFRS— Established 1016 312 Evens Building 1420 N. Y. Ave. N.W. Franklin 7300 Tel Direet Private Wires to New York | Mortgage Money to Loan Real Estate. Let us finance Sour properts. THOS. E. JARRELL Member Washington Real Estate Board 321 10th Bt. N Main 766, REAL ESTATE LOANS ANY AMOUNT 5% APARTHENT HOTerg BUSINESS PROPERT RESIDENCE LOANS AT LOW RATES FRED T. NESBIT INVESTMENT BLDG. Main 9392 ETTTTCTEREC TS CIERRRRT Burglary Insurance 1 This danger of loss by burglary is very real one. erty. Robbers, burglars and munity. put the householder completely at the mercy. entry, it is more than likely to be thol | oughly ransacked and robbed of all i valuables, for these outlaws patient] just the right time to make the strike. Bolts and bars won’t keep them out when you are asleep or awa: WILLIAM R. ELLIS 1539 Eye St. N.W. M n 2029 Upkeep— of your remtal prop- erty is the insuring precaution that safeguards your regular profit. More than aquarterofa century in prop- erty management has taught us the economy of keep. ing it in good condi- tion—and how to do it economically. B. F. SAUL CO. 925 15th Street Main 2100 The Laundry with an increase of tary factors are: industry. Refusal launder We believe that the , v a do r for an investor, H What we have don® for others we can do for you. Give First Mortgage Notes %|li AT . % o 2 el Al ‘irst Mortgage Notes at 6129 ? BT O W 2 Mortgage Investment Dept. IA % benomintions 8100 Coxaris 4 ASTEAERERARA AR AR RN RN E e Each day's newspapers carry reports of crimes against prop- | eneak | thieves are active infalmost every cor- | Their cleverness and daring | Once a home is marked for Have You Considered THE LAUNDRY INDUSTRY? Its Continued Expansion Is Inevitable business is one of this Non families are now being served and in addition hotels, restaurants, institwtions, etc. The Laundry Industry shows every cation of being on the threshold of a large expansion. Some of the comtribu- economies In operating costs and greater efficlency In the service rendered, together with the ability ! I 1. Cowsclidution of sownd compenies resuiting in large to increase volume of business through combined Evelwtion from what ten years ago was almost solely a ‘“cofiar and shirt” business te include today the Higher standards of tiving and dress. Public greatly Increased Inabifity to obtain domestic hetp. Reduction of cost, and Increasing volume of business, which has ren- dered the service umiversally avaliable. most attractive and profitable investment opportunities. Our Statistical Department has compiled a pamphlat on this intcresting industry, which Bonner, Brooks & Co. MONEY TO LOAN! ON REAL ESTATE GEO. W. LINKINS 1733 DeSales Street INSURANCE —in all it branches. Let us know Your requirements. We can serve you THOS. E. JARRELL 21 10th Kt. N.W. Main 766 A Beacon Light of Confidence— THIS is what we desire our announcements to convey. Nowhere in the great world of barter and sell is the important element of CONFIDENCE so sorely needed as in the realm of financial investments. We eolfclt an opportunity to prove that we never have lost 713,715 and 717 14th St. N.W. Main 2345 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. 5%% ON APPROVED SECURITY ir | r its ly ir Houses Business Properties Apartments Office Buildings Apply RANDALL H. HAGNER & COMPANY MORTGAGE LoaN GORRESPONDENT Telephone Main 9700 1321 Connecticut Avenue Equitable Co-operative Building Ass’n JOHN JOY EDSON, President FRANK P. REESID. ' Secretary Organized 1879 46th YEAR COMF ETED $5,031,814.86 Surplus $) '52,719.93 Subscriptions for the 90th Issne of Stock Being R. -eived SYSTEMATIC SAVING Assets The surest and Join the Equitable quickest way to ac- and save with the Shares “Army” of regular cumulate money is depositers. $2,5O saving systematic- ally. Join today. Per Month the Future of country’s fastest growing industries 500% in volume in the last 16 years. More than two mil- | pullman cars, f indi- of the gemeral development and eofficlency throughout the entire of the present gemeration of housewives to at home. from improved methods securities of wefl-established ies in this field offer -