Evening Star Newspaper, January 27, 1926, Page 25

FINANCIAL. 1 TRADING IS NARROW IN COTTON MARKET, Much Switching From 0Id to New Crop Months in Deals Again Today. By the Associated ¥ inuary 27.—Cotton March, Octobes irket showed again early 2 fairly steady 11 market opened prices to a de Considerable trade 1 attributed to price wround the inftial =howed net ints at the selling at 1885 The ess was reported early, fn the v old to new fluctuations of « cables crop | rrow even divisic Privat 1 det ed lig dize New Orles " ORLE: 1 Quotations. NS, red July, January ay 1540 4% bid Oc if turther | inz down to | July to 18.36 and -3 to 9 points un- The easier tone - lack of demand bsence of specu- Cotton Values at Noon. ! ~—Cotton Marck : October, res 11:45 am., May, 19.38; December A January n bids steadv. . 18.33; 17.78. —Cot- March October, | PRICE OF VEGETABLES | IS COMING DOWN Fresh-Grown Supplies Blow <o Storage Stock—Big Drop in Cabbage. —Increas- Winter vege- the vegetable nal money kind is | tresh Storage clutch on_ values. - tumbles reported to- | reau of | to $15 ! and 10 to 25 cents Lt for potatoes. The 15 with last week's fig- rwhile \Western lettuce 4 nd has plunged | than a year agn. | urots are also drop-1 ton Stock Exchange | 4~—S%1.000 at 010 at 108% | P et 1o ax oo 5 T en 41 Bank—10 at 378, 10 at | 100 at| | s Light—10 at 73%. 1033—51.000 at | 10 at | 000 ut 10, | s A 5 at 104%. 25 at | y—Cal 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. it Am & @ Andcostia & Potomac B0 Pot. Jo Souipe: W. M. Cold Stor Wardman Park Hotel STOCKS. PUBLIC UTILITY Tel. & Telgn Tradtion Americar Capital NATIONAL a1 Capital Tn e Sutional Metropolitan RU'ST COMP. 1ty & Trus “Trust ental T SAVINGS BANK, al Uniani TITLE INS) a T g ate RANCE. Colum Real » 81 Titiel. 1 163 MISCELLANEOUS. . a3 i 1 & Sioruie’ 13 )it Dutel Market pfd.. fon Monotybe 5 A Fool and His Money. The fact that a stock certificate is printed in fancy green scrollwork is no proof th is worth any more than ordinary wall paper. Thousands o people in Washington would have aved their money if they simply had \sked their Lanker to tell them what i~ knew of some supposedly wonder- dul investmen$, NEW YORK CURB MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, January 27.—Efforts to depress the general list on the curb exchange met with little suc- cess again today and as the session progressed It was plainly evident that the buying side offered the best chance for speculative profits. After the first wave of selling had spent itself the upward movement was re- sumed in many directions. The new Kresge stock stood out strongly most of the time, with buy- ing based on expectations that at the next dividend meeting in March di- Sales BONDS thous: s llied Pk 6s SYAm Gas & EI Gl c1 1 e Te D 101 14 Paios 04y Bal 6w A 10574 B S 1057 Schild s 98 Y Elec Refg 68 wi.. 10573 1 & I, vs wil 3% Fei 78..1 1 Pet Bs b1} Goodyear T&R 53 Gl 0Nl Corp Ba. t 003 San IR or &P Y 10 Qhio Pow 54 B.. . an Am et 6n 5 Penn ‘Ohio E AErE P Shawsheen 7 . Southe Po & Lt < 3 Southe P & L ts n Swift & Co Ba... 4 Tulal Osaze Rub S Kup ub Rub Rub ub Rub Ruh Rub FOREIGN BO! 2 Andian N € 62 ww 100 4 City Cologne 8l K51 1 Danish Cons 513 D Antioqua R R France i French 8 Gen E Ger 0 Great C El ambure F M B Fi Neth s TR IoRT) s 7R s = 5. 3 o ® s St B o 164 o8 Lo .\';V‘A in STANDARD OIL ISSUES. hares 500" Anglo-Am_ Oil. . 100 Ahz-am 0 vie'd 100 Atlantic Lobos 100 Atiantic Lob pf 100 Buckeye P L 3600 Cont_O1l_new 50 Eureka P L. . 10 Gal Siz O pf old 1500 Himbie 0 & R 1500 Imn Ol ot Can 150 Indiana P L. Northern 700 Ohto il = irie O &G 7 1 3000870 Indiana. ... 20008 O Calif n Wwi.. ONY. $0S 0 Ohia 3¢ D= 3 300 Vacoum Oi 111106 104% 105 len INDEPENDENT OIL STOCKS. 2 hundreds 2 Am Control Oilfls 5 17 Am Marocaibo C 14 1 Ark Nat Gas. ... 5 Beacon ON ... 4 Candinal Pete W R Cariby Synd BCIT Serv mew 101t Serv pfd B lumhia Synd. | ons Royalties. | Cr 3 G b s i 5 a1 Bl B2 S 121 i Saelid Ofl Ca. . Gihson 011 Cor Granada O .. 011 of Pi v Pet .l Prt #7 Lago_Oil 0 Loonard 14 Mex Pa § Monnt Prod | Euel Gas Mex Land Oi1_& Gai . on' Tex Ol 0ii Corp. 1 Reiter-Foster 01l 3 8alt Ck Cons. salt Ck Prod . 233 Venezuelan Pet. . G Warner Quin . 3 Wiicox il & R R rELES P i o1l I 5 b oy ookl FhA ol S 5 & & F (o) eSS E om0 FUERSSBESSHSE TEER m m m m m m m Ravon Prod.. m Seating A B (et Am Superpow Am Superpow o .. (RS e D 1D RSN E Do 2 UG SO B 1S 0D T (3 orden Co” Brad Fireprie Briderport Mach rill Corp A wi Brit-Am_tob_Con BKlyn City R R Brown Wmson B Bueyrus Co. FERE F A S T F 3 Cohn Hall Marx.. 5 Conkress Cigar wi Common P C n 7 Cons Gas Balt & Cona Laundries Gonol Davrs: Prod Contin Bak 1 " Contin Bak ptd 3 Curties Aera M 1 Denver Tram n bt 4 Doehler Die C C 3 Dubilier € & R § Durant Motor. . iDuz ke 1 Eaet Roli Miily renlobr & st Eistingon Schild. FERES 2 il T ey B EE R ot Elec Elee E P Finance A Metals T. Mot Truck G General Bak A 14 General Bak B 1 General Firepr! 1Gen El Ger. e BESiEI0 P e 2 He)'dc[n Cl 15 Herculen 3 Hellman R D 1 Hires. - Chas ‘A: - 13 ;{nflrll & Hl!(‘dnrRlAi 7 Ind Rayon (i b Contl Rub. 3710 CB Del 0 wi 1Intl Ut B. . 3, Johns Mauville 8 Kelvinator _Co 4 Kelvinator T R n 36 Kresge S & n_wi 1 Landover H C A and_Co Florida wh Lz e 2 E i it THE EVENING STAR. WASHINGTON. D. C, WEDNESDAY, JANUARY 27, 1926 Direct to The Star Office rectors will put the new common | stock on an annual basis of $1.20.} Thiz would be equal to $12 a share | for the old stock, which pald $8.1 The ofl shares did little in the first half session, but came in for atten- tion In the ‘afternoo The renewed activity in a number of radio stocks was particularly no- ticeable. The point in thelr favor was that any change in the industry must be for the better. Hazeltine Corporation rose almost a point and the buying of Freshman 5 better than it hus been for week Pg {0 OO er Cor Int Del Cor B 0 Pow o Gppenn 3 Vie 1 0 Pue St Botjer wi 1 s Pean Wat Pw Co 15 ender D Gro A 1 Bender D Gro Bl Bhiiia’ Elec Pittsbh & L Eite 13 Eortland EI Pow 47 % Power Corp N Y 838 1Pratt & > Broct ‘& G Burity “Bak A 2 Punity Bak 8 3 Rand Card B wi 3 Red d n IRich Rad n pid 5 Sears Koo w1 b spitdorf B E 15U Rex Pap Stand Pup 'C A & Thomp R C 4 Timk 71 Shar obt way Gypsum Dairy A" Lt & Ht pid R ok Chemical Vonpid wa h Ry El . t Pow pid vhite. FM D nw 50 Wils & Cn'b wi 703 MINING STOCKS Chief Cone Min. Dolorex E West Utah FRISCO DIRECTORS NOW ON ROCK ISLAND BOARD NEW YORK, January 27 (P).—The | working control of the Chicago, Rock Island and Paciti acquired by the & clsco Railw: was strengthened to- | day when Frisco interests obtained | representation on the Rock Island | board through the election of three | new directors . N. Brown, c man of the Frisco; J. M. Kurn, president of the road, and Jesse Hirchman, a director and a representative of Speyver & Co., bankers for the Frisco, were placed | on the Rock Island directorate. They succeed Henry Bruere, Carl Nyquist and A. J. Brosseau, who formerly represented scattered holdings lately absorbed by Frisco interests in the stock market. With A. A. Cook, als representing Spever & Co., the Frisco v comprises about one-third membership of the Rock | Island board. ! FEDERAL COMMISSION TO STUDY POWER PLAN | Special Dispatch to The Star. | BALTIMORE, January 27.—0. Merrill, executive secretary of the Fed. | eral Power Commission, conferred | here yesterday with the Public Service Commission concerning the proposed | plan of financing the $52,000,000 super- power project near Conowingo, Md. Mr. Merrill consulted members of the commission concerning the setting of a date for hearinge. In accordance with suggestions of Mr. Merrill a ses. | sion will be held one day in Baltimore | and the next day in Washington. li HEAVIER GRAIN EXPORTS | FORECAST DURING 1926 Special Dispatch to The Star. BALTIMORE, January ead into 1926, Adelbert W president of ‘the Baltimor Chamber of Commerce, in his annual report, expressed the belief that the local grain trade is on the eve of more activity in export circles and particularly of a revival in the for- elgn demand for corn, the exports of which were very light last year. Large quantities of corn began mov- 1ing this way late in December, M, Mears said. and Canadian wheat and barley also are now flowing more freely through the local export ele. vato 27.—Look- DIVIDEND DECLARED. NEW YORK, January dividend of 6 per cent has been de- clared on the common stock of J. G. White & Co., payable February 1, to holders of record January 26. A simi- lar payment was authorized about a year ago. The regular quarterly of 11; per cent on the preferred also was | declared. WILL EXTEND POWER. NEW YORK, January \ension of the Pennsylvani; Je sey superpower system of the (General Gas and Electric Corporation in south- ern Pennsylvania has heen brought about by the acquisition of the Ortan- na Electric Light and Power Co., which supplies service in a section of Adams County, Pa. 1 @) .—Al - TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) Noon. Money to Loan by first deed of trust on real estate. Vailine Inierest and. commismion. y 420 Wash. L. & Trust Wide., 9th & F N.W. REAL ESTATE LOANS 5% ANY AMOUNT RESID! FRED T. NESBIT CE LOANS AT LOW RATES INVESTMENT BLDG. Main 9392 ‘ |CANNED PINEAPPLE INDUSTRY BOOWS U. S. Now Using $25,000,000 Worth Yearly—Obtained Chiefly From Hawaii. Spectal Dispateh to Star. NEW YORK, January 2 Nearly $25,000,000 worth of canned pineapple }is used annually in the United States," s the Natlonal Bank of Commerce, in New York. The bank says Almost all of the supply is obtained n Hawalf, and only a small quan rerican canner rn o small quantity as com ed with the | affan pack. T fresh 1 for packing s obtaine from C nd Porto Rico. In the import trade of the United $tates ean ned pineapple leads all other canned frults, The pineapple, like the potato ive of the New World. It has been in tropleal regions of the . As the ripe fruit does not bear ‘hipment for long distances without canning has solved the prok m from the tropic large markets in the The value of the can far exceeds that of in to zone. sd product now pineapples apple canning in pionally the heen ¢ 1hout Apore, Stra W maintafns {ts supr nd quality Tements. acy both in Most of the can- e located in or near Hono la) part of the fruft i rodu the nearby island: d TELLER With Experience Prospective Advancement Address Box 200-R, Star Office First Mortgage Notes For Sale In Denominations of $100, $250, $500, $1,000 AND P 617 Interest Secured on D. C. Real Estate Wm. H. Saunders Co., Inc. Fstablished 1887 1433 K Street N.W. WE PAY MORE INTEREST ON SAVINGS ACCOUNTS Than Any Other National Bank in Washington Interest on DAILY Balances Come in and let us explain | Commercial Nat'l Bank 14th and G Streets Resources $17,000,000 R. GOLDEN DONALDSON. PRESIDENT| 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 you. Qur experience, ex- tendihg over a period of Thirty-Five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. 6% Bonds SECURED BY First Mortgages priacipal and iaterest of which are ! GUARANTEED by aa outstanding SURETY COMPANY May be purchased if de- sired on Morris Plan of deferred payment and $% paid on instaliments THE MORRIS PLAN BANK' Usder Supervision of U. 8. Treas 1408 H Street N. W. An "Attractive Real Estate Bond Issue The Building: A new 21.story office structure to bo erected in the City Hall Distriet of New York. The value tion: Assures permanent e 4T eAOrMOuR investments the city in bullding in the vieinity. The B Will be secured by an ab- solute First (Closed) the building and land owns Which morigage amounts o less than b7 of the independently avpraised value of Court Square Property. Court Square Building New York City First Mortgage 6% Bonds Due November 1. 1958 made b immedia 993, yielding over 6% Circular and Booklet sent upon request for A-620 E. H. Rollins & Sons Founded 1876 New York Philadelphia Denver San Francisc Bpgron . icago international | 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 1 6'2% All Loans Made on Property Located in the District of Columbia JAMES F. SHEA 643 Louisiana Ave. N.W. ST E RO R RN SRR 1st Trust and Construction LOANS Mude on Approved Kecarity Residences, Apartment Houses and Business Property 3 Applications Invited ¢ N. L. SANSSURY CO., INC. %! 418Eye St.N.W. Main5%04 %! O R A S et 3 3 Tromist Adtion First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 738 15th Street B et ol M S $200,000.00 Available for Purchase of 1 SECOND TRUST NOTES | Virginia Property Only L. GARLAND KENDRICK | | Clarendon, Va. Clarendon 422 Metropolitan Life Insurance Company OF NEW YORK FIRST MORTGAGE LOANS Apply to WEAVER BROS. Realtors 809 15th Street N.W. Final profit is the most important item in Business Property Invest- ments— A list of proven investiments th Hedges & is office has handled is azailable. Middleton? REALTORS H12 Eye St. NW Franklin9se3 Equitable Co-operative Building Ass’n JOHN JOY EDSON, President Organized 1879 $5,031,814.86 Subscriptions for the 90th /™ \ SHARES $9.50 PER MONTH N Assets lar! You know the old adage v each pay day eventually grow into a large amount. FRANK REESIDE, Secretary 46th YEAR COMPLETED Surplus $1,352,749.93 Issue of Stock Being Received Systematic Saving Spells Success om little grow.” Likewise a ary deposited regu the Equitable wiil This is the result of systematic saving. Join today. 915 F Street N.W. TwO NEW BOOKLETS about 776 Smith Bonds and our Investment Savings Plan “Fifty-Three Years of Proven Safety.” This booklet tells about the time-tested safety features that have made Smith Bonds the choice of investors in 48 states and 30 for- eign lands, and thet have resulted in our record of no /oss to any investor in 53 years. It explains how 7% Smith Bonds combine the lasting security of the old-fashioned real estate first mortgage with the modern first mortgage coupon bond. “How to Build an Independent Income. * This booklet describes our Investment Savings Plan, under which you may buy 7% Smith Bonds by payments extended over 10 months, and get the full rate of bond interest on every pay- ment—$10, $20, $50 or more It also shows the results you can accomplish by investing systematically over a longer period, and thus receiving compound bond interest. For copies of these two booklets, send your name and address on the form below. Denominations: $100, $560, $1.000 Maturities: 2 years to 10 years Tue F. H. SMmiTH Co. Founded 1873 SMITH BUILDING, Washington, D.C.--Main 6464 NEW YDIK—P}HI‘ADH.PHM—HTI’SIUICH ~MINNEAPOLIS e NO LOSS TO ANY INVESTOR IN 53 YEARS N FINANCIAL. “A Common-Sense Talk 6%:% 1417 K Street On First Mortgage Invest- ments” is the title to an interesting new booklet, written in simple, under- standable language by an authority on this subject A copy will be mailed you promptly on request! Convenieat Amounts of $100 £230. §500 and $1.060 BOSS Mo PHELPS Establistied 1307 Main 9300 fReal Estate OANS —to build homes! —to build apartments! —to build business properties! —on homes already h»= Terms arranged to conveniently meet the B. Main 2100 requirements of the borrower. F. SAUL CO. 925 15th St. N.W. 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. Houses Business Properties RANDALL H. 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The Man of Vision Invests in Dependable Securities FIRST MORTGAGE NOTES On Washington Real Estate are Dependable Securities Investment Department LUCH Main 2345 == 14th St.