Evening Star Newspaper, February 8, 1926, Page 21

FINANCIAL. EG PRCES LOWER AT CENTER ARAET Other Quotations About Same as Last Week. Beef Steady. Appearance of snow this morning had practically no effect upon trading sn the wholesale market, much of the buying having been done before the inclement weither was in evidence. Dealers reported trading slow, & usual condition after the week-end market, and prices of most commodities were wubstantially the same as those quot- ad at the close of Saturday’s market. An easter condition of {he €gg mar: ket was reported, and nothing short of miserable weather conditions is likely o increase prices in the near future, according to dealers. A continued draggy condition of the meat market was reported. Frults and vegetables continue fairly plenti- ful, with a wide runge of prices re- ported. Poultry prices continue high. Today’s Wholesale Prices. ’ Butter—Far one-pound _prints, | S1m62; tub, 4ad0; store packed, 3% Eggs—Averugo recelpts, 32a33; dled, 34a36; hennery, 40; storuge, €8a24. Poultry—Alive: Turk zba28; keats, 14a15: hogs eats—Beef, 16: lamb, +8; dressed pork, heavy, 1 dium, 16; light, 17; loins, 2 ders, Fruit and Vegetable Review. "Today's market report on fruits ar vegetables, compiled by the Market News Service, Bureau of Agricultural Apples—Supp! demand inoderate, market dull; barrels, Penn- sylvania, A 2%-inch Staymans, best, mostly 6.00; fair quality, low as 5.00; Pennsylvani 28-inch Black Twigs und Rome: 6.00; n Rlack Twigs, 6.50; 3 2 ‘nch Baldw mostly around 4. boxes, Washington, medium to large extra funcy, Winesups, 3.00 2.76; Staymans, | large ‘size, ripe, 2 bushel bas- kets. mo sales reported. Cabbage—Supplies moderate: de- rand light, market steudy; new stock, Floride, 11-bushel hampers. pointed ype, 3.50: old stock, New York, bulk, per ton, Danish type, 60.00685.00. Spinach Cheaper Today. Celery—supplies light; demand mod- srate, market firm; California, crates, 8.00; Florida, 10nch crates, . 3.50a4.00, Lettuce—Supplies moderate; demand moderate, market qull; California, Im- berg type, 45 doz 1% bushel hampers Big Boston type, wide range quality and condition, fair quality and condition, Onions —- Supplies ight, market steady Michigan, s <. No. 1, 3.00 Potatoes—Supplies raand moderate, market ste , Russet R i oral; demand gmoderate, market slightly Texas. bushel laskets wide rang mostly 1 a90; veneer barrels Savoy ew high as 4.00. Tomato Supplies Light. Sweel potatoes—supplies light: de mand moderate, market tirm for good stock; North Carolina, cloth-top stave barrels, Porto Ricans, ordinary qual- ity and condition, mostly 5.00; South Carolina, 5-peck 5 Ricans, 2.00; bushel hampe: Cauliflower— moderate, market steady; outh Carolin type. 3.504 Tomatoes—Lxpress recelpts supplies light; demand moderate, 1 et steady; Cuba, repacked, Gs, ripes, | wrapped, fan count, 7.004..su;‘ chotce count, 6.00a8.50. Carrots—Supplies moderate; demand moderate, market steady; Texas, bushel baskets, 1. 7z String beans, peppers. eggplant— Supplies very light; no sales reported. Cucumbers—supplies very 1 x press receipts very light: ro ported. Stratwberries—Express receipts very ight; supplies v light: demand | imited, market slightly weaker: Flor-; pony refrigerators, €5a7> per| quart. i i Okra, squash—No supplies on mar- et. EVERYMAN’S INVESTMENT BY GEORGE T. HUGHES. Continuing the discussion of the sup- | pesitions case of & widow left totally dependent upon the infome from the proceeds of a comparatively small in- surance policy and without tinancial training of any kind, the first require- 1ment, of course, is that she unde; that the principal cannot be touched. It must remain intact. Possibly any reasonable interest return on her small apital will be adequate for her need: but there is no help for that. This %0 elementary that it hardly deserves mention, but it is another considers: tion on which the business man should vonder when he decides whether the | seem & fair amount of insurance, but at o/ per cent it means only $1.000 a vear in- | come. It is, of course, impructical for | 1he vast majority to take out enough| insurance to protect thelr families from loss of income after the death ot the bread winner, but most of them <ould and ought to carry more than they do. At any rate, they should see 10 it that the woman most interested realize that it is only the income, not +he principal, of the policy upon which she will have to depend. Once in & while, there is a woman so inexperienced and untrained that she does eat into her principal ing expenses unconscious of pending disaster. I have met cuses of | the kind in my own experien is | 1his necessity of maintaining principal | intact as & means of buying income | that makes the safety of the invest- ment of first importance. That is what capital is for. It has no other use to the owner. ‘There is just one solution to the problem, presented when the widow's income ‘cannot. be stretched to meet sbsolutely essential expenses by con- servative investment in securities, and 1hat is by the purchase of an annuity. ‘This involves the wiping out of the principal at the death of the buver or the annuity, but it does give n while, that is during her lifetime, a higher income than she could get in any other way with equal safety solution will not do when tliere are children to whom the widow wishes eventually to leave her money, but as a substitute for using principal it pre- (Osgoright. 1926.Y | the Saturday finals. NEW YORK C Recelved by Private Wire BY WILLIAM ¥. HEFFERNAN. NEW YORK, February 8.— Wall Street’s response to the mather un’w{ Dectedly large total of brokers’ loans Was a moderate selling movement at the outset, but the curb market met B0od support before the end of the first hour and the general body of stocks was not carried much below Considerable interest continued to center in the trading in South Ameri- can oil shares. The volume of busi- €ss in Carib Syndicute was aguln large and further seliing carried the Er}carflflvnnuthex' point and more. The “nm‘\‘r‘.;z( i:'lxlr&‘.c"ll\.lldnl} ;‘;ru'm close 4 y ontinued offerings to- day were based upon lln{avumk:iu de- NEW YORK. February 'ol- THE EVENING STAR, WASHINGTON, D. |[Il]flllN FUTURES URB MARKET Direct te The Stag Office velopments between the company and the Venezuelan government concern- ing the Barco oll concessions, which might result in the loss of them by the company. Liquidation in these issues natural- ly had & sympathetic effect on other ot the South American shares and lower prices were the rule. lago Ofl and Transport lost almost a point and Venezuelan Petroleum was freely offered around 6%. Another feature of the trading was the flood of sell- ing that greeted the announcement that the annual meeting of the Hum- ble Oll and Refining Co., held today, had been adjourned to March 1, when plans will “be submitted - to 'stock- holders to Increasc the capital stock 1,260,000 shares, 10 Contl Bak pt. @ Congresn Clgar wi lowing is an offictal list of boud: E ! uds and stocks traded in on the New York Curb Market today Salew i <08 thousands. MO“\I"H i G I 8 an 3 W& Lt 6 Mill” os. ekt Seteet VY e F 4 il il proo: P EBENSsaR AR I ainish Cons 5. CRUR Frane7s 84 rop M & T 7%e 941 uch Nat 7a.r. 8 Gen El Germ 813 gmatoon 613 2 4 zar Con 73 L S i fi"‘ i35 Bais m ) i Muft Medetinodae o0 > 4 e Aust Danu stph. t 5t 16 Rhine Ma 10 Rhane W, 10 Anglo-Am O )0 A Am O] vt i s P L. X' ¥ Transit. 100 Ohlo 01l 2 Copeland P A ww & Curtisn Avro M. 1De For R C v r e Wi SERSEREEZNE & e [ioley 15 Goodyear Tire T 8 Grimes R & C R. 2 Huppiness C St A Iilav El & Ut vi - » oty & TN BEEERLRT) " Hunt Bros A, 10 Ind Rayon Cor A 5 Inter Contl Rub. . 11 Int Contl RD new 2 Inter Ttll A. &oF 13 REuEn e 9 Landg Hold 54 Leh Pow S 5 dvale Steel pf, 4" Wost Ctil PR ohawk H P rts . ter C.. 34 Penn Wat Pow 5 Phelp 1 Co % Phila E 1 Pilisbury : Ditney B s Pitts & 33 FIM 1 431 Post Mt " Ri 0 K 134 ower Corp er Royal Bak Pow. Royal Bak Pow b Safe CH & Lt_. nulte RS o wi A Sears Rosb n wi EFE R ERE WP TP e o e THI&E 5 Thermiod Rad, C. LA e & b G 1 10S 0 Obio. . 1 131008 O Cal n wi 1300 Vacuum Oil. . INDEPENDEN 7 Am Control Oil. 91 Am Mnnafibooco 1 Y t Serv pid. mbia Syi % Creole Synd. ... 8§ Crown Cent Teta .1 Euclid O Co 74 Leonard Ol | 4 Lion 011 ay oo O e SR e K S B ou s e R R s at Fuel Gaa. ' 1, \ew Bradtord 0. Mex Land. .. 5 comrs Ei & EEFAE R I e Pow & L'ni. 74 Pow & L ptd 64 ) Seating ... 311 % Am Superpow Al & Am Superpow B 4 Am Supe au u A1l Fruit ’4 Bigelow Hart Co 8 Borden Co 1 Bridgeport 1 Brit-A LEFEEETTE COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY TULSA, February 8.—The recent increeses in the prices of crude mid- continent oil are expected to resuit in a large and intensive drilling cam- palgn in the Southwestern fields. DETROIT, February 8.—Final fig- Michigan's 2-cent gasoline tax, 15 the 11 months it was ield to the State of 5. Indications are that 1he tax will yield $10,000,000 in the 12 months of 1926. TOPEKA, TFebruary 8 —Kansas farmers now have 11,895,000 acres in ‘Winter wheat and no evidence of & Winter kill. The crop s in a much healthier condition than a year ago. There are few of the Hessian fiy. ¢ CHICAGO, February 8.— and steel scraps continue to dedline here. A drop of 25 cents a ton to $13.76 to $14.25 Is quoted on heavy melthng steel, the second drop within a week. MACON. G February 8.—Georgia fruit growers are making strong ef-| | forts to secure lower frelght and re- frigeration charges on peaches and melons on shipments Westward. It is claimed tha; while “Muhl costs ufiw send a car of rgia to - fornia, it codm $105 te return the @ams car. ps B . o eaomn 13 ik 5 EEERT e e SR S DA B R R § O ES 1 Calaveras Cop..... Calum & Jerome. Coa Cop_ Mines Haxw < Hollnger . el ug] Tonopah Ext 24 Rono_ Minin: GERMAN STOCK PLACED ON MARKET HERE NEW YORK, February 8 (P)—A blocic of the capital stock of the Bar- men Bank Verein, established in 1867, 18 offered today at $18.87% per share of 100 reichsmarks, equivalent to 79% here against 80% in Germany. The shares, which are listed on the Berlin and other stock exchanges, yleld about 10 per cent after deduc- tion of German income tax withheld at the source. The City of Barmen | 1s headquarters for the German silk and fine textile trade. NEW YORK FLOUR PRICES. NEW YORK, February 8 (P).— Flour quiet and steady, Spring pat- ents and hard Winter straights, 9.00a 9.50; soft Winter straights, 8.4089.00. SINCLAIR WELL FLOWING. NEW YORK, February & UP)—A new well has been completed by the Sinclair Oil and Gas Co. in the Garber fleld, with initial production of 276 gu—tmu an hour, at a_depth of 4,381 eet. | NOTES QUICKLY sorLD. Oversubscription was announced to- day of 225,000 capital shares of Ameri- aysogx:;geegrodum Corporation and ,000, per cent notes of the Berlin City Electric Co. = NEW OIL FIRM PLANNED. BALTIMORE, February 8 (S —The Crystal Ofl Refl!:l};lg (Cg::lolr!‘); tion will be incorporated under the laws of Maryland by Pennsylvania interests. “The corporation will have a capitalization of £2603,000 in pre- |terred and $15.000.000 in commen Chile has Put a tariff of $1.80 « ton on coal and briquets from other coun- tries in order to provide more work for its own coal miners, who have been busy only half-time recently. | Amer, Tel. & Telga. 4s | SELL BT LOWER Washington Forecast on 1926 Crop Factor in Today’s Report. By the Associated Press. NEW YORK, February 8.—Cotton futures opened steady. March, 20.37; May, 19.77; July, 19.05; October, 18.21; December, 17.87. The cotton market showed an easier tone. The opening was steady in sympathy with relative- ly steady Liverpool cables, first prices being one point lower to two higher, but there was some near month laui- | dation and a little selling of new crop positions, while demand was lmited. Active months were two to nine points net lower at the end of the first hour, May selling at 19.68 and Octob, at 18.19, Selling of new crop months was prob- ably due to the favorable weather map | and Washington dispatches quoting a | review to the effect that demand for the 1926 cotton crop would probably not be sufficlent to absorb a yield as Targe as that of 1925, unless a reduc- tion In prices was effected. Spot houses continued to sell March and buy May at a difference of 68 to 59 points. New Orleans Quotations. NEW ORLEANS, February §.—Cot- ton futures opened stead: March, | 19 19.12; July, 18.56; October, 1 First trades were 4 points down on neur months, and 1 point down on more distant po tions. Prices rallied & point or tw right after the call, but scon eased ¢ again, March trading down to 19.G6, May fo 19.12 and October to 19.06, or 1 to 8 points under Saturda close. The map shuwed good weather i1 the belt which is favorable to the new crop. Noon Cotton Prices. NEW YORK, February S.—otton | futures, 1145 am., bids steady March, 20.28; , October, 18.2 NEW ORLEANS, February Cotton futures, noon, bids ste \ 2 WEEK’S TOBACCO SALES. e Maryland Receipts and Prices Are Also Reported. Spectal Dispatch to The Sta | BALTIMORE, February 5. Re-| ceipts of Maryland leaf tobacco last week totaled 148 hogsheads sales of 248 reported, leaving on hand at the State tobacco ware- house. Quotations today for Mary- land leaf tobacco per 100 pounds: Interior and frosted, firm leaf, 4.00 sh, good common, lh.uwl 26.00 to 35.00; good 0 53.00; fancy, 54.00 | seconds, comuion to me dium, 6.00 to 20.00; seconds, good to fine, 31.00 to 35.00; upper country, air cured, 8.00 to 40.00: ground leaves (new), 15.00 to to 55.00 BOND ISSUE DUE SOON. NEW YORK, February 8 (®).— | ‘Within the next fortnight the largest municipal bond flotation of recent years—$75,000,000 for the City of New York—1is #cheduled to appear on the market. The proceeds will be used Keen “ i ex- pected to develop among several Wall Street banking groups. —_——te Before You Invest—Investigate. It's queer how careful a man can be after he's lost his money. Abe Martin says that a man who Is not eatisfled with 6 per cent and his money are soon parted. Washington Stock Exchange SALES. on Co.—30 e, * 25505 » e Yashington By, & Elec. ptd 25 Commercial National Bani—20 at 253, at 263. 10 at 2527%. leral-Aierican National Bank—30 st .20 at 400. {imerican Security & Truat Co.-10 ot 400; af Laoston Monotype—10 at 84%. erchants’ Transter & Storage Co—10 at 10 at 122, 122, AFTER CALL. Washington Gas 58—$2.000 at 100 Pontgmm: Electric Pow. pfd.—2 at 108, 10 w!’»ow‘mw Elec. Pow. pfd. Int. ctf—3 st Commercial National Bank—10 at 253%. Margenthaler Linotype—10 at 215 Capital Traction Co.—10 at 106% Money—Call loage, 5 and 8 per cent Bid and Asked Prices. BONDS. PUBLIC TTILITY. Bld Asied &% 1018 5 American Tel, & Teira. 445 Am. Tel. & Tel. ctl. tr. 5 Anacostia & Potomac b Ana. & Pot. ar. O Telephone b Tel. of Virgi n R C.&P. C. &P . V. Balt. & Annap, Gs. ington” Gas e STOCKS. PUBLIC UTILITY. can ‘Tel. & Telr 5 Canital Traction Washington G & Wash. Steambodl w M | XEW YORK, February 8 UP— facomw Elec. Pow. vid. .. otomas Elec. Pow. int. ctis. Wash. Bwy. com. . BES8108: Sa53358 308is 104 158 490 { Ne {0 kaep: o wiih ! than $100,000,000 week C., PEOPLE'S GAS EARNINGS. CHICAGO, February 8 (#).-—An- nouncement is made that the 1925 net earnings of the Peoples Gas Light and Coke Company amount to $4.852,- 23, an increase of $577,175 over the 924 total. At the‘annual meeting Tuesday the question of increasing the company’s capital stock to $6C,- 000,000 from $50,000,000 will be sub- mitted. NEW OFFERINGS LIGHTER. NEW YORK, IFebruury 8 #)— bond offerings last week fafl the waintained throughout Janua: the demuand was unsbated issues were veatily absor] aggregute simated compared record of Money to Loan Secirel by first deed of trust on Prevaliio interest and comuise 420 Wash. L. Joseph L. Weller 320 Wauh- L. & FIRST MORTGAGE Money at 537 Very Desirable Conditions Granted Tyler & Rutherford Loan Correspondent Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Avenue Phone Main 475 Stocks Bonds 0dd Lots Carried on Hargin. Buck & Company ~BROKERS— Estublished 1018 312 Evans Building 1420 N. Y. Ave. N.W. Tel. Franklin 7300 Direct Private Wires to New York Prompt Action First Mortgage Loans Lowest Rates of Interest aud Commission | { Thomas J. Fisher & Company, Inc.| 38 4 | 16th Street We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of int Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Thirty-Five Years —insures your protectior Percy H. Russell Co. 926 15th St. N.W. We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street MONDAY. FEBRUARY & 1926. First Mortgage Notes For Sale n Denominations of mo,'szsghsggo, $1,000 617 Interest Secured on D. C. Real Estate Wm. H. Saunders Co., Inc. Estublished 1887 1433 K Street NW FEDERAL- AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, Presideit Hi MORRIS PLA 6% Bonds SECURED BY First Mortgages priscipal and iaterest of which are GUARANTEED By an eutstanding SURETY COMPANY May be purchased if de- sired on Morris Plan ef deferred payment and §% paid on installments THE MORRIS PLAN BANK Undar Supervision of U. 8. Treasury 1408 H Screet N. W. Organized in 1814 Business and Professional Men —whose banking quirements necessi tate service of maxi- mum scope and efti ciency, will find a connection with the Metropolitan very desirable. Our ofticers will be glad to give consideration to your needs 3% Paid on Savings National Metropolitan Years Years od old Capital, Surplus & Undivided Profits, Over $1,800,000.00 15th St., opp. U. S. Treasury Equitable Co-operative Building Ass'n JOHN Jgi’ EDSOI;'EW;’NSMQ rganized Assets $5,031,814.86 FRANK P. REESIDE, Secretary __46th YEAR COMPLETED Surplus $1,352,7149.93 Subscriptions for the 90th Issue of Stock Being Received e /\ ( SHARES Systematic Saving $2.50 PER MONTH Spells Success You know the old adage “From little acorns big oak trees grow.” Likewise a little bit of your salary deposited regu- larly each pay day in the Equitable wiil eventually grow into a large amount. This {8 the vesult of systematic saviug. Join today. Over a Quarter of @ Century’s Experience b jational TITLE INSURANCE. Columhia Title. Real Estate Tifle! Main 2100 A Gaifi in Your Rental Property— carnings can usually be ccomplished through the installation of our expe rienced property man- agement system. We specialize in- Apartment Houses, relieving you of every detail of leasing, collection and general su- pervision of the property. B. F. SAUL CO. 925 15th St. N.W. FINANCYAL. REAL ESTATE LOANS RESIDE! LOA AT LO TES T. NESBIT | First Mortgage Bonds | The F.H.Smith Co- | Hidg., 815 1 FRED l INVESTMENT BLDG. Main 9392 Smath ’.\’n LOSS TO ANY INVESTOR IN 5 uAu.nH The New York Life Insurance Co. Offers to Make First Mortgage Loans On lmproved Nearby Mary e District of Columbia and iburbs for 3, 5 or 10 Year Periods, %% ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY MORTGAGE LoAN GORRESPONDENT Telephone Main 9700 Req tate in ti Houses Business Properties Apartments Office Buildings 1321 Connecticut Avenue —on improved D. C. property at prevailing rates of interest. See Mr. Field Hedges & Middleton, Inc. REALTORS Franklin 9503 There Were Two Builders-- NE BUILT his house on sand and when the winds came it collapsed. The other—a man of foresight—reared his home on a rock, and the gales beat harm- lessly against the walls. If the House of your Financial Future be built on the sands of uncertain securities, it will topple in time of crisis. But if it be founded on an investment which has withstood the test of time, it will remain firm and lasting. Our First Mortgage Notes have endured since 1869, and now bear 614 LL[&IEEM&HENSHCQ %; Wreel, W, Jashington.D.C, 56 Years Without Loss to An Investor 1% First Mortgage Coupon Bonds in Washington —Philadelphia —Pittsburgh IF you are seeking a depend- b ble investment that will you liberal returns on the date due, make your se- lection from our current offer- ings of 7% First Mortgage Bonds, secured by modern, in- come-producing properties in Washington, D.C., Philadel- phia, Pa., and Pittsburgh, Pa, Each issue of these bonds pro- vides an ample margin of safety for investors, and, through monthly payments into a sinking fund to provide for serial maturities, this margin of safety is constantly increased. Each issue is protected by the safeguards that have resulted in our record of no loss fo any investor in 53 years. The bonds are sold outright or under our Investment Savings Plan, in $1.000, $500 and $100 denominations, to yield 77,. Interest is paid semi-annually. Maturities range from 2 years to 10 years. For descriptions of these bonds, and for our two new book- lets, send your name and address on the form below. THE F. H.SM1TH CoO. Founded 1873 SMITH BUILDING: Wnsflington. D. C.—Main 6464 New York—Philadelphia—Pittsburgh—Minneapolis NO LOSS TO ANY INVESTOR IN 53 YEARS LS Hunbinglon Hall, Philadalphie, Pa., which swcures o i pical of the modern. ing properties bekind Smith T Name.