Evening Star Newspaper, December 11, 1925, Page 31

FINANCIAL. THE EVENING STAR, WASHINGTON. PRICES HOLD FIRM AT CENTER MARKET Turkey Arrivals Are Very Light—Butter, Eggs and Meats Steady. Not many the local r pers are holding Christmas holiday pecting to get ® turkeys are appearing in probabl prices the deal o them an inkli es Fruit dealers are exhibiting attrac tive displaye of fruits from a of the country. Most of it is of the varieties that” will keep a long time, very little of it being termed perish aihle Poultry, butter, a have undergone prac since yvesterda »'s Wholesale Prices. 1-pound prir packed, 40245 fancy selec re g as to probab! tor eipts, and thin fowls bits arts prices | » change | Received by Private Wire BY WILLIAM F. | NEW HEFFERNAN. YORK, December 11 o the out With ccula jons ince today the rule to Cong in fi prices Mellon's report new enthusiasm especially that part r business outlook for the this was reflected in most | kets today. | oil st werd hought wel cretary inspired ancial circles ting to the future, and of the max ros the Curb advancing prices, sev record highs for the 1s true of Mountain Pro s and Salt Creek Producers and on Exchange NEW lowing | stocks urb YORK. December 11.—Fol- is an official list of honds and traded in on the New Market today BONDS de busi- | NEW YORK CURB MARKET Direct to The Star Office |of the new L which sold in lar; | Crecie Syndicate, can issues, went { the present movement, favorabla outlook for co ating in that territory Short vering came into the market for coul shares, he motors continued wctive around last night's prevailing quotations, with Rickenbacker promi 1ent, in expectation of a faverable *| report for the fiscal year ended Octo- | r 31. | Euclia Oil. among low-priced issues continued active fo the accompan ment of reports of favorable drilling operations on the company's leases in : W 0 Oil and Transport, e volume above 1815, among South Ameri to its best price on eflecting the anies oper York Livingston Pet Marla Mex Motint 2 Ne South | | By the A OTTONINRALLY AFTER POOR START Trade Interests and Bad Weather Outlook Are Leading Factors. ociated Press. NEW YORK, December 11.—Cotton futures opened barely steady. Janu ar 19.00: March, 19.15; M 18.8 ily, 18.51: October, 18.1 he ma t opened at unchanged prices to a decline of & points in response to sier Liverpool cables. here was further liquidation through ecommis. sion houses and some Southern sell- ing here, which was considered in line with vesterday's rumors of an easing spot situation. Bi ng orders were in evidence, but they were supplied on very moderate bulges and the market was about 8 to 11 points lower at th end of the first half hour, with March & around 19.10 and July, 18.50. e interests were buy late months, and considerable demand was in evidence around the 181;-cent level for July contracts. Private cables reported hedge selling in Liver: pool absorbed by covering and con tinental buying at the decline. New Orleans Quotations. SW ORLEANS, December 11 (). otton fut of the D. C, FRIDAY, —————— FINANCIAL TENSION HIGH IN LONDON Reconstruction Scheme for! Vickers Closely Watched. Care Shown on Loans. Dy the Associated Press LONDON, December 11.—The finan | cial section of London is not exactl | scared at the reconstruction scheme of Vickers, Ltd.. and the speculation in it is watching the situa arefully and e nation in the matt change loans and fr wings Nekt week there will be new issues of capital which have passed the offi clal tests amounting to more than £10,000,000. These include £4,000,000 Cunard Shipping Cc hentures, £2 000,000 in Dunlop and £4,000 000 in British T Preparations v as well as several dustrial issues per cent ints | Some old industrial concerns which ire known to have been in a bad wav for the last few vears are said tc | contemplating reconstruction, and p is busy with the names of sev more armament and stecl compantes | which reported about to reduce their capital because of bad trade con ditions. small Br lding from 5 to 713 rest DECEMBER 11, 1925, 1 ¢ AMOUNT AI"A[( MENT HOUSES BUSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT INVESTMENT BLDG. Main 9392 Mortgage Money to Loan on Real Fstate. iet us finance Sour property THOS. E. JARRELL ber Washington Real Estate Board 10th St. N.W. Main 766. First Mortgage Brokers Clarence L. 0'Donnell, Mgr. Mortgage l)rpL Main 9080 Money to Loan et by first deed of Previiing interest Secur real estate h. L. & Trust D& T NW. UNION DISCOUNT €O, OF NEW YORK First Mortgage Bonds DENOMINATIONS: $100.00 to $1,000.00 sctive Partial INC., — | " REAL ESTATE LOANS { ‘ FINANCIAL. MONEY TO LOAN ON REAL ESTATE |_. m GEO. W. LINKINS TH( I EQ. W. LINKIN THOS. E. JARRELL 321 10th St. N.W INSURANCE hranches. 1L nents. ns know We can serve you. What Our Guarantee Means to the Purchasers of Our First Trust Real Estate Notes 1st. The property has been appraised by rience, recognized experts in valuing Wash You are selieved from all responsibility looking after the insurance and taxes. Each note bears our endorsement, which means that we guar- antee each note, both as to principal and interest when due. The guarantee of this corporation is better t! personal antee, because its existence is perpeual ar resources back of it are over $2,250,000. REAL ESTATE MORTGAGE AND GUARANTY CORPORATION 26 Jackson Place N.W. L. E. BREUNINGER, President men of many years' exp ston real estat collecting 2nd. of est, 3rd. 4th. Equitable Co-operative Building Ass'n JOHN JOY EDSON, President FRANK P. REESIDE, Secretary Organized 1879 46th YEAR COMPL) Assets $5,031,814.86 Surplus $1,352,749.93 3t South pf ly. De KN ow s opened ste bid 18.7] May, 18.26; July, 15.08. he market opened easier in sym pathy with lower cables and first trades showed losses of § to 11 points The opening figures proved to be the lows for the time being, as the market steadied up a little after the call u ary moving up to 18.80, March to 18 and July to 18.31. or 5 points up from the lows. The steadier feeling was due to some map indication of a pos sible change unfavorable weather over the week 1. New Orleans exported today 49 bales Cotton Values at Noon. W CORLEA Cotton future Dressed—Turke and th s, cember, 18.70, March, 18.48; money discount nd fears are ex 1d will he withdraws ction of the East Indies for of recent rubber flotations w rubber. sk’s advance of the d rate of the Bank of England t checked the outflow of gold, which has since amounted to more than £1.000 | 000, and althoi nother 1,000,000 and at the end of not expected tc Meanwhile supplies are hrinking cen raised that furth, in the dir pavment nd for r: Last pring horns R0a1.00. Subscriptions for the 90th Issue of Stock Being Received SYSTEMATIC SAVING The rates h First Mortgage Notes For Sale In Denominations of $100, $250, $500, $1,000 AND TP 617 Interest Secured on D. €. Keal Fstate Wm. H. Saunders Co., Inc. Established 1887 1433 K Street N.W. ssed 23 w1 100 5%, 1048 nit and Vegetable Review. surest Today's market report on fruits : vegetables, compiled by the Market Service, Bureau of Agricultural | savs Join the Equitable and save with the 1 100 1% 204 quickest way to ac- Shares $2.50 Per Month Alum exd cumulate money “Army” of regular Apples Mmoderate, ipplies moderate: demand saving ally. 4 systematic- } EL Mach: depositors. ..hu\]\‘\l\'x R AP &L Join today. WE FINANCE T e Gf InEosepeiatie provercs Large Loans a Specialty Current fnt Higbie & Richardson, Inc. S T ' Loans Made to Builders AT CURRENT RATE OF INTE E. DAVIS COMPANY 333 12th St 301 3 December 11 noon bids steady cember, 18.81: January, 18.85 18.53: May, 18.30: July, 15.0 NEW YORK, December 11 futures, 11 1.m. bids steady. ary, 19.04: March, 19.19; May Juld, 18.33; Octe 11 De- | W «\\!\H\K'Ull March Staymans, mostly 5, 1o sales reported. | ),w,\ 1 Pip Cor A First Mortgage Notes Congult us if vau have funds for investment. THOS. E. JARRELL or Wash Board Cotton rate and commission Janu 18,84 915 F St vpe, mo: e 5 Walworth M bs FORE 21 City Cologne Graz A 3N BONDS 1 10th St ton Real Estate Mo Z NW. liberal teady mostly $400,000 CONTRACT LET. NEW YORK, December 11 (# A cont for the construction of 400,000 plant near Santa Maris alif., capable of 2e 1.000 ¥ ls of oil per from -oil shale rock, has been c by the Beth lehem Shipbuilding Corporation with the N. T. ) vears ago Beth ehem built a small capacity plant for | the same company on the same prop erty The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the District of Colum Nearby Maryland Suburbs for 3, 5 or 10 Ye: %% ON APPROVED SECURITY Onion Demand Light. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President 1y ssed Ind’ M alian Pow Denmark 513« Bk Denma_bs 10012 4 ! Medellin”8x ‘ov Santa Fe s LBrov T'p Aust 7a B R of Peru 71g8 AR of Lettuce—Supplies moderate; demand moderate, market fairly steady rmnn crates, Iceberg tvpe, 26.00, mostly around 1‘ o] Onions - light Supplies demand market steady an, 100 b, cks Yellows, U N 1, rge size, 3.00: few higher; New York, 0-1h <acks Yellows, U. S. No. 1, me. m size, Potatoes mand mode zht; DRY GOODS MARKET NEW YORK, December 11 ( al—Raw silks were firm today wrsday’s prices and cotton print more active with the 64-60s dow th at 8% and the 63-72 or Vanity Case || Buck & Company 4% ;. —BROKFRS— Established 19T% Central Savings Bank 710 11th St. N.W. 312 Evens Building Franeis M. Savage. Tresident aaid T Tl Houses Apartments 4 Office Buildings Y pe di Business Properties : $ i de- Mick Supplies moder ate, market s dy gan, 150-b. sacks Russct S. No. 1, 6.00a6.15; New sacks, Round Whites 6.0086.13, Spinach—Supplies mand moderate; ginta, Norfolk meer barrels, Savoy e Lobok 0dd Lots Carried om Margin 20 Buckeye ¥ 1, 100 ¢ WANTED ! SECOND TRUST NOTES Funds available for the par- chase | kinds of second truet no cured on D. or nearby real estate. Prompt action in every case. Washington Investment & and Transactions Co. 715 1ith St. N.W. Main 3662 Garod Corp 2 Greueral Buk GSE Apply RANDALL H. JAGNER & COMPANY RESPONDENT Bak de Vir: ve moderate; market steady cloth top type, 3.00 on Savings Wallet . section, 1420 N. Y. Ave. N.W. Tel. Franklin 7300 Direct Private Wires to New York 700 Ohto Of1 100 Penn 500 Pra 2222222224 MonrTGAGE LoaN Gonrr Telephone Main 8700 Sweet Potatoes Lower. Sweet potatoes—Supp demand moderate, market weaker; Virginia and North Caroli rloth top stave bharrels Yellow: No. 1, mostly 4.50. few low as 4.00: Porto Ficans and Nancy Halls No. 1, 4.00a 4.00; Georgia. bushel crates Porto Ricans, slightly decaved, 1.30a1.40; Maryland, bushel hampers, Yellows. No. 1, Caulifiower— lies liberal Y| 4 Shi, Betnigg na.| 120 85U P §) 400870 Mndian 1008 O lians; 1321 Connecticut Avenue 0090400000000 Run Tnt Conerate Ing Intl Match °C prd 2 Inten §00 E . 2 = Yor 700 Vacuum 01l Sales INDEPENDEN SToCH in Bupdrade S amaTo A HEART-TO-HEART TALK with VESTORS— are you doing with vour money ? Juying doubtful securities? Speculating in stocks? Yielding to the “promoter’s siren voice’ Or just feeling satisfied with of interest from your savings 1 5, mostly 2 g Island, crates, small heads omatoes—Supplies light; moderate, market steady; Cuba, s, ripes, wrapped, repacked, fancy count, 8.00a4.00; cholce, count, 7.00a8.00; ©hio, hothouse stock, 10-pound baskets, medium size,3.50; small size String beans, eggplant, squash, cu- cumbers, peppers—SuppHes very light; no sales reported. Kale—Supplies moderate: demand Mmited, market dull; Virginia, Norfolk section, cloth-top veneer barrels, 1.50. In the Opinion of Counsel These Bonds are Legal for Investment by National Banks NEW ISSUE cole Svnd ¢ owi Cent. Pet $ Euciud O Gibson Oil Cor Gult Oil ot Py What ‘We offer when, as, and if issued $15,000,000 New York Evenmg Journal Washington Stock Exchange SALES Washington Gas fe— Cupital Tract N ton Gas Light—b5 at 71 oy Savings & Trust Co.——10 at 455 . 10 at 455%. 10 at 45K %, 10 at 214 10 at 1913 .10t 10175, 10 At ptd—100 at small rate account ? SHORT-TERM SEGURITIES. If You Are— (Quotations furnished by Redmond & Co.) ‘Stter ; Mk Bl A W Sorih 6 Post No & ! consider an most general follow the sanest, safest and satisfactory bd of all time, and invest your funds in &t mort- gages of proven value. NOTHING CAN BE BETTER NO DEPRECIATION— ABSOLUTE SECURITY— ST ANTIAL INCOME RETURN— PROMPT PAYMENT OF INTEREST AND PRINCIPAL— _National Mige. & Invest ot First Mortgage and Collateral Trust 6%% Serial Coupon Gold Bonds Dated: Dec. 1, 1925 Interest Coupons Due: June 1 and Dec. 1 Serial Maturities: 2 to 12 years ‘Twro per cent Federal Income Tax paid; certain state tax refunds. Unconditionally Guaranteed as to the Prompt Payment of Interest and Principal by William Randolph Hearst. AFTER CALL. |oGapital Traction Co.—10 at 103% & Elec Am. Tel Anaconda Conper s 1 ] O Baitimore & Oh Bethlehom Ster Central of Geor Mil, & St AT 1 at Blite & L E o wi Power Corp N Y Purity_Baking A 4215 Rand Cor B n w1 em Noise Typ A Rem Nois Tsp pf Reo Motor Rich “Rad new Rickenbacker M 1 Rova Radio . 'y Royal Bak Pow. Washington Rwr. 130 Mones—Call loans. 5 and 8 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY Tel. & Telga. 4n.. B A & Telga 415 Am. Tel. & Tel. ctl. tr. 5e.. Anacostia & Potomac b com.—25 at Consult Owr MORTGAGE INVESTMENT DEPARTMENT Asked {enhione & B Teictnone of Fa, B Capital_Traction R. R Gty '& suburhan os Georgetow Potomac E Potomac E Potomac Pot. El BORROWING CORPORATION: Thebonds arethedirectobligation of New York Evening Journal, Inc., which publishesthelargestand most prof- itable evening paper in New York City, with total assets of $28,494,475. SECURITY: The bonds are secured by a first mortgage on the four great new publishing plants to be owned by the New York Evening Journal which will house all the New York Hearst newspapers and magazines, and will be the largest in the United States. (As additional security the equity in anothervaluable property will be included under the mortgage). These plants cover the equivalent of three entire square blocks and are appraised, land, completed buildings and ipment, at approximately $11,894,731. Completion is guaranteed to ndholders. The bonds are also secured by the entire capital stock of New York Evening Journal, Inc., pledged with the trustee as collateral security until the entire bond issue is paid off and cancelled. EARNINGS: The total net earnings are computed at $2,767,464, which is more than $800,000 in excess of the greatest annual interest and prin- cipal charges together. SERIAL PAYMENTS: $1,000,000 of the bonds will be retired each year through serial payments, begnnmg December 1, 1927, with monthly deposits of principal and interest beginning December 1, 1926, reducing the bond issue to $5,000,000 at the final maturity December 1,1937. 5 South Dairies A outh Dairies B.. ks Withing. St Reg_Pap § Stand Pub C A Stutz Mot Switt intl Tampa Eler Thatcher Mf; Thermiod “Rad '€ Thomp R C vic Toh Prod Export 20 Trans Lux 1 Trumbil . Stel ucson Steel Tubize_A S B vi Sol Lamp. Carbida Coal vte 713, 715 and 717 14th Street N.W. Choose Your Investments With Care Bow g Main 2345 l‘:‘,\un'\n fil Tnion’ tm of Calit Tnion P L Y Rws. Rwy Wash Wash ™ Joint Stoc DIVIDENDS. Rate. Pavah o Jan 3 Jan H Jan rot Perfod e Am W Gl Meh Mo, ot Armstrong Do Do. T rtloom Corpn’. alt & Ohio Do pf k of Am WHY SAUL MORTGAGES ARE SAFE i i1 1 000! Corts STOCKS. PUBLIC UTILIT Jerican T» & Twlra o ¢ Wash. Steamboat Pow. pid : Pon it et oid NATIONAL BAN capital.. 2 For thirty-three years this company has enjoyed a reputa- tion for safe securities yielding regular interest. Partially be- cause of the experience we can apply to choosing the proper in- vestment for your surplus funds: partially because of the thoroughness with which each phase of our investigation, ap- praisal and financing is char- acterized, our 62% FIRST MORTGAGES —are offered you as securities safely sound in every respect. SAUL CO. 925 15th St. N.W. 000000; Ik of Manhatian Wins Tob. > West Auto pf. West Powe Woodward 1y - ot Car Pw & Li vf. Q@ Chand Mot ( Q Q Goal & 1 N Central Ax National Stumbia . | 3 STOCKS. Gluett, P ! c21 | % umet & Jerom .10 Foa ¥in Corp ot 2 : ons Cop Mines.: 1% a % Cons Min & Smel 15 s 1 Dolores Esver. - - Toien Ml Bi 90 Eureka Croasus. . BOwens S Gl 20 First Thought M 106 Do - Do it |ATLANTIC COAST LINE BUYS NEW EQUIPMENT Mangor € Do. nf . Mobile Ohio Db ¢ YORK. December 11 (#).— Larger earnings by rail carriers dur- || | ing recent months, as reflected in fa- | vorable dividend distributions, also |are evidenced through orders for new | . |rolling stock. The Atlantic Coast || Line has placed orders for 45 loco- | motives, 72 passenger and 1,400 treight | | cars, at a total cost of about $6,000,- 000. The Sante Fe road also has| placed orders for 2,800 new frelghl‘ cal DENOMINATIONS: $1,000, $500 and $100. PRICE: To yield from 5.90% to 6.30%, according to maturity. Zinoln fonst Me e e 06 TRUST COMPANY 4n Security & Trust st Call or write for circular 102-G S. W. STRAUS & CO. ESTABLISHED 1882 INCORPORATED NATIONAL METROPOLITAN BANK BUILDING WASHINGTON, D. C. Telephone Main 5847 43 YEARS WITHOUT LOSS TO ANY INVESTOR 19258 W. 8. & Ce.. Jne. Over a ental ank. e hen Savings and Trust 5 | Shion Trust Wachington Quarter Do whel Corn Onin Fuel Cor Ohio R E Co of Pac Gan & EI17. Pac Tel & Tel.” Do. nt. packard Motors. Phonick Ford.. Rep 100r Craam Sircar HU & L Do.. E Loan & Trust. SAV’ Security Sav. - Seventh Thited State Washington ¥ FIRE INSURANC] of a Century Without a Loss simmions Co.." or MIg :mfzh—rlv Rwy ] i Baii Co'bi A ‘x'urrmnun Coo @ errln “Bro pra Your Banker, Knows. When in doubt about a security consult your banker. It is equally as much his interest as your to protect vour savings. You frust him with YOUF deposits—why not trust him \with_your investment proplems? TITLE INSURANCE. $1.00 HES ol i’ MISCELLANEOUS, aper pld.. D oot drans. & § Merifinater Linotype . National “Xlsi(' ‘f lhlvqr;: b d Pitch Market c Old Diten Market pid. ansion Monotype. ity Storage: Secuin Market Dec 19 His Quuhflcntmn. | From the Loulsville Courier-Journal, 1 “I hear your hired man has gone | into_the movies.’ “Yep, got a good offer.” “What on earth kin he do in the movies “He's a star- at slow motion.” BB Main 2100 D.C torage.