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FINANCIAL. PORK IN DEMAND THE EVENING STAR, WASHINGTON, D. €., SATURDAY, JANUARY 23, 1926. NEW YORK CURB MARKET TRAUE N[WS [;[]m] BUTTER MARKET STRONG. |BEFORE YOU INVEST Received by Private Wire Direct to The Star Office DistribytorslGhixngeiProm IStoraes INVESTIGATE FINANCIAL, REAL ESTATE LOANS 5_%% ANY AMOUNT BUSINESS PROPERTY APARTMENT HOUSES RPSIDENCE LOANS AT LOW RATES WE FINANCE —an classes of income-producine nroverty Large Loans a Specialty to Fresh Products. Current int. rate and commiselon IN'LOCAL MARKET Cool Weather Today Helps Sales—Egg Prices Up Two Cents. Cool weather put pep into pork at Center Market today, making it much nger in t although the price tump for I cents during the part of the week, had ninated s, which hit 5 cents wholes: ipts earlier in the week, pic today and were selling for 38 ce sttins only cents, hecau d quality of the Storag fair quantities at ading, which w luli In the early not yet been 1 low Winter level le for current re- cent pre the exceptionally g eipts. unloaded in 4 cents lines little k, he showed except that dressed pc up a half cent to l4al esale prices follow Today's Wholesale Butter I-pound pr - packed 3%, storage, ey ¢ Leghorns 1 We. ers moderate: demand barrels, Virginia | A 2% nd 2% | 5.00; wderate; demand Potato Market Tomato De BOND SALE COMING. CHIC. P).—An- unces the Com- | GO, January 23 > that weal Heretofore the he com- cent pany’s b OWNS Sl.G’XlOCO’ FIRM LEOMINISTEF ary 23 @) —The ' rpor- | n o Wil Jan v H poration purct B 1 J. Philip Legre, pr i Lan e possession of the mil The Standard | s one of four 1lid industry \ AT najor « i the STOCK SPLIT-UP HINTED NEW YORK, January 23 (®).—Wal hears that o spli up the United States Gypsum Co consideratior ud that it Lo reincorporate the company e other than II- is pl in a Your Banker, Ynows. yub banker erest us ab security equally as to protect You st him with why trust him stment problems? mnuch his ¥ saviy ur dep vith your not COMMODITY WIRED STAR FROM ENTIRE COUNTRY January 23 e nion put tn its ap-| pearance been declared. Employes ch Shoe | struck t npany live up to its of the Siate Boar( Arbitration and Con- atlon, according to union officia NEW ORLE. Januar "he United Fru will spend approxi- mately §500.000 in advertising this year to sti * the consumption of banans PITT: January 23.—Sev- sral local building operations will re quire considerable steel this vear and several bridges will call for good ton- nages of structural steel. Producers of structurai steel are fairly busy. PORTLAND, 3 January 23.— East winds and colder weather have sUmulated demand for coal and wood here, where there has been an unusu- ally open Winter. KANSAS CIT Another TY, January 23.—The ar lot and the mixed car lot trade In ard wheat flour shows some improve- nent. Jobbers are the b buyers ind there is somo reselllng of «<on it as low as| to | P | " |a genuine division of opinion. BY WILLIAM F. HEFFERNAN. NEW YORK, January 23.—Fuilure of operators and Miners to zet to- looKing to a settlement of the anthra- cite difficulties was reflected on the curb exchange today In a renewed selilng movement in coul shares, fol lowing Friday's strength. n Alden Cual sufferea more than others, losing 7 points when it changed hands at 149, Baking stocks were prominent in | buying in other sections, follow Ing the report Friday that a merger of compunies es ed in the manufac ture of bread and ingredients NEW YORK, January ing is an ofclal list of stocks traded in on the Curb Market today BONDS Ticn 880 R n 43 1068 7Am Gas & EI Gx 008 Am Pow & Lt ta’ 08 i RoiL Mifls 1 W s A duo’G & B S0 Sun H 6is 053 1Gaw 13 S 83 TR I Beaverboard Re . o <o Can Pap” s 100 o gl o & Beth 1 Boston & 40 Butl_Gen Tow- and York bonds ew 0414 0y il 7s 0 v M Us.. 074 Gity Colosme ity D Antio RR Franc Mig & n EF Gorm 6 as0 5 104y NT OIL STOCKS gether again on the latest proposals | | i was being considered. General Bak ing “A" gained almost a point, while Continental Baking “B" advanced al most as much. Public Utiiities were little chanied, but for the most part higher. Th was true of United Gas and Improv ment, which continued the festure in point of activity. Ofls were featured by another up- ward movement in Humble, althoush there was nothing new concerning the a of th r interests. The with most of the chang: of advance. was hrm on the side a5 1 Lite: 7 Bd & sh pr 100 1 1 o 5 ry S 1::,1. ] 191 Tutoiness G St A fellman R late 0 wi 1089, fokel B'n pf wi r Corn A Ohlo Power 158 KT 61% BOSTON STOCK MARKET. BOSTON, January 23 s & list of today lowti hix lowest closing the most active stocks dealt in here: price DLbCK IN STOCK MARKET WITH ONLY IINOR CHANGES Little Fresh Buying and No Heavy Selling Pressure. Opinion Divided on Next Move—Liberty Bank Issues Highest for Year. BY STUART P. WEST. Special Dispatch to The Stas NEW YORK, January ation on the S the past week h like a deadlock. the one hand there Is no fresh ive. and therefore out riain selected stocks mov- reasons, there Is no up- —The sit- ige during hed something of ¢ ing for spec ward tendency. On the other hand there Is no pres- sure on the selling side. Holders of stocks are satisfled, after the re- actions which have occurred. that present values are not exageernted Consequently they are not anxious to There is a good deal of profit taking going on, hut it onlv occurs when the market has perlods of strength. So far it has not forced prices down materially by compari- son with the previous rise. Publicity Declsion Is Factor. The most important Ineident of the s the decision by the head of 1 Reserve that there should publicity about brokerage loans. The detalls of the new regime have not been entirely worked out. Presumably the Information required 1 appear in the monthly bulletin of the authorities at Washington But this development came at a time when the market, for other causes, was hesitating, and on this account it had more infiuence than it would have had when the sneculative cam- aten wae fn full swine The Wall Street position fs perhaps more interesting than it has been at any time in months, this because of Some good judges believe that favorable de- velopments in the shape of optimistic business reports, capital split-ups, dividend increases and offers of new shares carrying valuable rights have been discounted by the rise of prices which started in the beginning of the Autumn and continued through the first few days of January. «any Expect Higher Prices. The other side continued to hold to the belief that 1926 will be a pros- sell perous vear in business, and that this | will be reflected In a moderately hich range on the Stock Exchange. The old-fashioned thought about a “liqui- dation of wages" has passed out. The huciness situation i{s found to ,accommodate itself to a high stand- ard of living for labor. Tt has to meet the problem of increased production nd depend upon this rather than mwon an advance in pr iracts by Eastern buyers &t & profit. = sbows in the steel mduquKnd in the | Also 1t is reflected business which the merchan worations are doing on a with the turnover blg and price schedules moderate. automobila trade in the distribut Investment on Increase. Money rates have not come down any further, but the offerings at the low figures are larger. This means an investment surplus going into the | egecurities of recognized merit and gradually raising their prices. Some of the Liberty bonds and the Treas- ury loans are selling at the highest of the vear. Corporate issues of the first rank are in the same conditlon. There Is a well definied demand for bond yielding 5% to 6 per cent and the same is true of investment stocks. Speculation has ebbed, but Invest- ment is on the increase. These are the two principal features of the financial situation at the present | time. The French note currency for the | | second week in succession has come | down, but this does not the question of infl has been settled. It represents simply a seasonal decline. The only solu- tion is through additional taxation and it has yet to be seen whether any French ministry will have the courage to go before the public with | a program for extra tax burde: i Commodity Markets Mark Time. The commodity markets are in walting attitude. They are trying to get @ clearer line on the outcome o the new crop planting. The fluctua- | tions in cotton have bean the smallest | of the year. Wheat speculators are no | longer sure of their position. They bid | prices up in December on the idea ! that the world supply was golng to | turn out deficient. But with the In- creased buying power of Europe this conjecture is no longer sure. Wheat ' prices during the last few davs have | been coming down, and the reason is ‘hat the grain trade has a different conception of the relation hetween de mand and supply than it had & month ago. indicate that on in France Market Does Not Respond. The stock market was looking for- ward all through the Autumn and Barly Winter to the announcements of capital splitups and dividend in- creases as the biz factor on the side of rising prices. These announcements have been made in a number of cases Auring the last month and they have had no effect upon the market. Naturally, Wall Street conelusion that all this favc ‘This | has been anticlpated sufficiently. (Copyright. 1026.) companies by | - DURING PAST WEEK Coal and Grain Shipments; Fall Off—Steels, Motors and Oils Under Pressure. 1 By tie Asso | NEW YORK, | taln price movements | this week's stock market, s | forcea to absorb a large amount of elling, inspired by the | unexpected decision of Federal reserve | and New York Stock Exchange au | thortties ta give publicity to brokers’ loans. The main body of stocks falled to make much progress in either di- rection, but there was evidence of heavy pool liguidation in a number of speculative industrials. Business as generally satis- factory. ( for the first full week in | showed a substantial decreas. w those of a year ago but it was accounted for by the sharp drop in in shipments, load ings of rerchandise showing Another sharp drop last week was ac ing price tenden oty | January 23.—Uncer- | characte: d | which w | professio gain output companied by stiff cles. Steel mill operations were main talned at a high rate with forward business apparently satisfactory. Tmportant Dividends. ts were favor- Tron Pipe stock L $10 annual hasis, Divid, the ted Ste new low ment at 131% rort was prov night at 13 |attaches to the me tors next Tuesda reports t be increased, confirmation ving sup sed last isiderable interest ting of steel direc- | because of current | dividend would e lacked official Severe Pressure at Times. 1s0 heavily she reet Inte rerger of ing abou ns for EVERYMAN'S INVESTMENTS BY GEORGE T. HUGHES SECURITY OF PRINCIPAL. Almos 1uestion does not svery case leposited in the ins ability to his case v of the it will not real estate situation is not so sim | ple a hond as it Is with la mortgage on real estate held by a |single investor. Some bonds run a |great many vears, some even are in | effect Now safety of principal with a long- term bond may well Includ the ques tion of ability to 1 som other In- vestor before maturity. In other {words, safety in this sense requires | | more or less stability of market price. Liberty bonds are a good illustration ar every one bought 1 but two or three y tice they could onl the at a heavy d So that when we ask whetl is safe hing else beside. | prompt payment at maturity is infer entially concerned, and that is the | market outlook { When stocks are bought this market | factor is still more important, for | stocks have no maturity. They repre- ' sent partnership in the enterprise, and | the on y of regaining the princi | pal is to seil at the market price, what- | | ever that may happen to be. It is plain | then that security of principal is not | ) the simple factor that it seems to be | {at first sight ! (Convright. 1926.) | FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President erties at the sold i count |a bond 6% Bonds SECURED BY First Mortgages principal and interest of which are GUARANTEED by an outstanding SURETY COMPANY May be purchased if de- sired on Morris Plan of deferred payment and 5% paid on instaliments THE MORRIS PLAN BAN Under Supervision of U. 8. Treasury 1408 H Swreet N. W. | weeks of slug; | nesday came as a decide ! pound, We Offer Some Very Choice Conservatively Placed 6129 First Mortgage Notes CHICAGO, January 23 UP).—The butter market for the week opened with the nervous, unsettled conditfon which has prevailed for the past sev- sral weeks, still much in evidence. On Monday and Tuesday the markeis were all easy and unsettled, with buy ing interests barely sufficient to take care of the new arrivals of fresh Lutter. There also appeared to be a zeneral lack of confidence in the con lition of the markets among both re- eivers and jobher After sever:l sh trading and a gen- ral lack of confidenc with no defi nite trend perceptible, the sudden strengthening of the market on Wed rprise to following Write, See or Phone ‘larence L. O'Donnell, Mgr. Mortgage Department \imost all who have been the sftuation. As a matter of fact, while many of the dealers nad some confidence In the situation, there was considerable hest ey about following the market to nigher e However, buyers for onsumptive needs had permitted stocks to reach a minimum, Ing the advaneing prices, began ope ing more extensively and anticipated | uture requirements to some extent. | The sharp advances may. to a ain extent, be attributed to the hat many distributors of butter have | ‘hanged from storage butter to fresh thus creating a larger demand for | resh butter. | 1st Trust Loans MADE ON Improved D. (. Property Resldences. Apartment Houses und Business Property —Also Construetion Loans— N. L. Sansbury Co., Inc. 1418 Eye St. Main 5904 e First Mortgage Bonds | Callor write for Booklet N* 1 The F.H.Smith Co. Smith Building, 813 Fifteenth Sereet TO ANY INVESTOR IN 33 YEARS DAIRY PRODUCTS. BALTIMORE, January Young chickens, pounc 8, Winter chickens : leghorns, 2%a pons, 35a40; duc 3. young Kes poor and 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. N.W. native | dozen, offered, 4lu Butter to 428450 dles, 34 prints, 30a35; rolls, 30235, tancy cre pound prints, store packed, 30 process butter, — VOTE COMING MONDAY. SW YORK, January 28 ockholders of Schulte Retail Stores 1l vote next Monday on a proposed case in authorized common stock (10,000 no-par shares to 1,250,000 LOANS We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of interest. Should you have Money to Invest —we can also take care of vou. Our experience, ex- tending over a period of Thirty-Five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. Promyt Action First Mortgage Loans Lowe Rates of Intersst and Commission $3,000 at 7% Thomas J. Fisher & Company, Inc. $2,000 at 61,7 - T35 15th Street $1,500 at 61, J—— — smatior"and Tarper denamingit Continental Trust Company a Mortzage Loan Department i Capital ;4! GARDINER & DENT, INC. || One Million Dollars 1409 L Street N.W. MAIN 4884 4th & H Streets o-par si Money to Loan Secure by fire( decd of trust o Prevail ns ‘interest ui Joseph I. Welle\j i Bide.. Oih & F N.W First Mortgage Notes For Sale In Denominatiors of $100, $250, $500, $1,000 AND UP 637 Interest Secured on D. C. Real Estate Wm. H. Saunders Co., Inc. Established 1887 1433 K Street N.W. _For Immediate Deliv wident requests the sale of lowing notes. ey wecured first deed of trust on D. C. real 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%2% ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY MORTGAGE LoaN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Houses Business Properties Apartments Office Buildings ASSURING THE FUTURE VERY ambitious man has an In- come. Every wise, ambitious man saves some of his Income, Higbie & Richardson, Inc. FRED T. NESBIT 816 15th 8t. N.W. ‘NVESTMENT BLDG. Main 3392 AN OPPORTUNITY . A Washington corporation, now ac- tively operating and backed by a dozen leading business men, wants to get in touch with an experienced organization or in- dividual capable of handling the sale of an issue of the company’s stock. This contract would be worth $25,000 or more. Address Box 355-M, Star Office Metropolitan Life Insurance Company OF NEW YORK FIRST MORTGAGE LOANS Apply to WEAVER BROS. E! Realtors }l 809 15th Street N.W. Real Estate l —to build homes! —to build apartments! —to build business properties! —on homes already built! Terms arranged to conveniently meet the requirements of the borrower. B. F. SAUL CO. Main 2100 925 15th St. N.W. Jubilate---but Judge ---in January UBILATE —when you receive your January investment returns! And then judge—carefully. These returns are the interest earnings of many months. Beware of spending them on extravagant luxuries. And beware of investing them unwisely. The 61%9% First Mortgage Notes pur- chased through Swartzell, Rheem & Hen- scy Company are the sound offerings of a house which has never lost a dollar for its investors in fifty-six years. They are desirable securities for your January in- vestments because they combine high yield with safety. Swartzell, 727~13. Street. NW Washingon.C. 56 Years Without Loss to An Investor Every ambi tious, wise and farseeing man invests his savings In a dependable security— a security paying a conservatlve an nual income. During his active years the income from his investment is en larging his capital. When the years of relaxation and non-production come he will by then have a capital sufm dently large to provide for his wants. First Mortgage Notes On Washington Real Estate Pay an Annual Income of 612% They Are a Satisfactory Investment for Ambitious, Wice, Farseeing Men Investment Department 713, 715, 717 14th St Main 2345 FOR THE EARNING MAN Partial payments, arranged to coingide conveniently with your salary provision, facilitate the purchase of our 6'2% FIRST MORTGAGES In this way you can acquire gradually a financial founda- tion which will provide certain safety for your surplus funds and assure you payment of ‘interest - income definitely scheduled. B. F. SAUL CO. Main 2100 925 15th St. N.W.