Evening Star Newspaper, February 15, 1926, Page 25

THE EVENING STAR, WASHINGTON, D. C, MONDAY, FEBRUARY 15 PRICES ARE STEADY Butter, Eggs, Poultry and Beef Same as Quoted Last Saturday. An delphia and 2 cents in €gg prices w dealers this mornir main unchang however There will be a in demands for ¢ ten seuson, deale been ho er rule. Deal iink wenther tions prevent prices earl in evic are roads advance of 3 cents Phila- Bal reportec Pri in imore by loeal es here dur prices wou condi- L drop yeal m. ed receipis | country gin wnd increa nd and Vir Heavier morrow. when « are expe: anges in price Today's Wholesale Rutter 3 Poultry—Alive. Spr chickens Leghor 2 inl) AN braary | was nothing in the outside | ments the 1ssigned as a re selling which market today that the mon de over be cme The into the curb st opinion was the past two tly overdone tted improvements in s conditions generally. break of than points e & Rayno! * which had mputhetic w the spectacu- ine in the “A” shares on the Exchange, was not extended, more BONDS. Fruit Today' vegetables ma (cor Apples slow, market inch Staymans Y 45 4.00 6.00 5.00 Stayma Supplies moderate dull; Vir 5,506 inch ! ded, 1> 4-inch Wines: inch to | a | | Black 6 extra fancy 3.0023.50; Bushel hask crates, Potato Lettuce Market Steady. an. 100.1h. best, mostly Michi No. 1 size, Pot: mand | 150-1h. No. 1, Spinach— slow, market dull: T Kets, Savoy type, 83 lina, cloth-top veneer type. 3.50. Sweet Potatoes—Supplie arrivals not vet on market eales reported to quote. Cauliflower—Supplies mode mand light. market steady; C crates, mostly 2.50. Strawberries—Supplies mand moderate, market dull; pony refrigerators, fresh mostly around holdovers, per quart. Okra, Cucumbers No sales reported Washington Stock Exchange SALES Washington Rwy. & Flec 80% .10 at HO 3 at 003, oEcderal-American. Nationdl Bank—10 at Merchante' Transfer & St ntd—40 at 83, 4. 50 at 831 moderate T stes mostly 7 plies hea Supplies lifornia, light: de- Florida, arrival 40a50 Supplies light. pfd.—20 at age Co.—5 at Washington Gas 65 9600 at 1033 . S100 at 1021 ‘Washington Gas Light—10 at Canital Traction Co—10_ at 10 207.1 at 107. 10 at 107. 20 at 107 Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY Bid, Asked. American Tel. & Telza. 45.. e American Tel. & Telga. 414s. Am. Tel. & Tel. ctl. tr. Ansicostia & Potomac Ana. & Potomac gu; C. & P. Telephone €. & P. Telephone_of Capital Traction R. Georgetow: otomac Ele otomac Elec. ¢ otomac_FElec. MISCELLANEOUS STOCKS. . C. Paper Co. s, S t. Joint Stock L'd Bk. Southern Bldg. Ais... ... SWash. Mkt, Cold Storage Bs Wardman Park Hotel & STOCKS. PUBLIC UTILITY American Tel. & Telga. Capital Traction. Pot. Elec. Pow. pid.... . Pot. Elee. Pow. Int. ctf . Wash. Rwy. & Elec. com Wash. Rwy. & Blec. ptd.. Xational Capital. Columbia . Commercial District ... Farmors' & Tincoln National Rizgs Second o National Bank TRUST COMPANY. American Security Continental Trust . erchants’ Bank .. National Savings & Trus Pl vt SAVINGS BANKS. ast Washington... . ecurlty Savings & o Metropolitan . 220 TITLE INSURANCE. a Title. state Title MISCELLANEOUS. FA C. Paper pfd ehants Tranc. & Stor orchants’ Tran. & Stor. pid. oo Tnvast otd.0 1L - & Invest. Ot utdly Market ped. ],umn" la;!ul.\'!\e . 103 JEPENDENT OIL STOCKS. ol Oilfis B wabo ¢ 9 T'd oil vi 1 Pa.l Kyan Con Salt Ck Foxae pa e 5 « Syamud B Am Gus & El Am Haw Am Hom Am L & Trac. .. 249 Am L & Trae pf 114 Am P& Luexd Am Rayon P ex d Am Seatmng .... 3| perpow” A; m Superp pr v 80 Gus & Elec 3. Fireprig 1dgeport M: Il A wi an D Gin A nw. an Marcon ar Laght. en Aguirre Nip A mniw P ( ons Dairy Prod nun Bak A atl Tob Ine. aulds Ltd.. ongre: 3 Devoe 2D Hotel A ww 1 Dubilier € & Rad 5 Durant Mof 5Duz Co A vie! 1 East Roil M n_ Band&Sh p B & Shn e Invest In Refriz 20 i 105% 1 81 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ATLANTA, February 15.—Atlanta capitalists will exercise their option to purchase control of the Continental Gin Co., largest manufacture of cot- ton ginnery machinery, with factories in five States and assets exceeding $8,000,000. AUSTIN anna Oil Co., a Royal Dutch sub- sidiary, has leased 15,000 acres of State prison farm lands in Brazoria County, which it will prospect for ofl. JACKSONVILLE, Fla., February 16.—The Glorida citrus friut crop is estimated at 14,000,000 boxes, or 5,- 000,000 less than last year. Upward of 25,000 acres of groves have been cut up into subdivisions in the last 12 months. AKRON, February 15.—The Akron Rubber Reclaiming C plans to dou- ble the output of its plants and will also double its capitalization. Rubber reclaiming companies have been given strong moral support by the Depart- ment of Commercs MINNEAPOLIS, Flour demand has been Jgll since the recent downturn in whea¥ prices. Best family patents are selling at $9.35 .55, pure graham at §8 and wi ruary 16— week end that could | son for the heavy | February 15.—The Rox- | NEW YORK CURB MARKET Received by Private Wire Direct te The Star Office —There | to speak of | althouzh et i no recovery ominent iovement wks which had fizured ly in the recent u a were subjected the | pressure. ~ Ur Gas ment broke almost 9 poi supg most Improve any to niz and its before rt points lowers and the xtended in the afternos ame off with the rest Alden, which lost 6 i time Th w opened tine even occurred § Gold: § Heela Jerome io Cop 1 Gold Mir EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Secured and Unsecured Bonds. Having made the distinction be- tween bonds and stocks, the two prin- cipal forms in which {nvestment se- curitles come, it is now In order to say something about the various kinds of bonds. fication is possible along a great varlety of lines. Per. haps the simplest is that which divide: bonds into secured and unsecured. A bond may be defined as a formal acknowredgment of indebtedness companied by a promise to discharge the debt on agreed-upon terms. A bond is secured when a remedy is provided for the lender in the event of the borrower not keeping the agr ment. The difference can be made plain by a comparison with a transaction btween two private individ “A” loans “B"” $1,000 and take; note for the amount, “A secured bond. If, however, a mortgage on “B’s” house or farm as a pledge for the loan, “A’ has a secured bond. In the latter case, the borrower does not pay the pri pal when due and the interest mean- time, the lender can foreclose the mortgage, sell the property and reim- burse himself. If, on the other hand, he has only a note to protect him, the best he can do is to bring suit in court and if the borrower is able to pay a judgment the lender gets his money back, otherwise not. Now it is at once evident that a se- cured bond Is better than an unse- cured bond, of the same borrower. It does not follow that all secured bonds are better than all unsecured bonds. As a matter of fact, the investment admittedly the safest in all the world, \a United States Government band, is an unsecured obligation. If the United States should default the owner of a Liberty bond would have no remedy. There is nothing upon which he can foreclose. Of course, it is unthink- able that the United States Govern- ment should fail to keep its pledged word. Whenever there is the slight- est doubt about the matter security becomes important. For instance, the bonds of certain newly established European countries are protected by a mortgage on cer- tain revenues of those governments simply because lenders will not take the chance of making a loan under any other conditions. The necessity of giving security in the case of a gov ernment-is a sign of credit weakness. Some corporations are so strong that they do not have to give security for their loans, but they are comparative- ly few. The rule is to give the prefer- ence to the secured loan of a corpora- tion, but to move cautionsly when a government can sell a bond only by mortgaging something first, e v G| Pearl Chokers, COTTON SELS OF AS WEEK BEGS Foreign Cables Lower and Less Demand Noted in Goods Trade. the N future YORK, Febru opened barely s ay, 19.62; July, 18.95; October, December, 17.90. The market owing to lower Liwerpool less favorable re de 13.—Cotton dy. March, »orts from the | ire and | . od progress | work in the South. opening was barely steady at a | to 1 points. Active wed net losses of 15 oods tr ntinued with early The decline of fary nts 019 p May sellin down to 19.49 There was price down and a good were absorbed on the local Wall Street lines of regular goods 4s low, or the Down Stairs Store. House Frocks, 88¢c —in all colors. Round, Sizes Gingham Froc Small or large checks. Vee and square necks. 35 to 46. Speclal values. Rayon Dresses, $4.75 Plain and triped Rayon Dresses, in attractive styles for women and misses. Sizes 25 to 42. Good assortment of colors. Small Aprons, 28¢c Bib and Band Aprons, of per- cale and chambrays, in assort- ed colors. Good quality aprons. Novelty Chokers, $1 New style—White and colored (synthetic) pearls combine with filigree gilt bead and chain. Pendant Necklaces, $1 Complete set, consisting of (synthetic) pearl and chain pendant, with a bracelet to match. ' Bangle Bracelet Sets $1.50 Five Sterling Silver Bracelets with slide. Bangle 25¢ Indestructible (synthetic) Pearl Chokers, in white and new pastel shades. Tub Alpaca, 95¢ Absolutely Fast-color Tub Al- a, whose checks or stripe effects may be secured in any number of colors and combi- nations. Rayon Voiles, 58¢ Trregular dot and small flower designs, i contrasting colors on gray, orchid, henna, rose, blue and tan grounds. ‘ 40-Inch Muslin 5 Yds., $1 40-inch Unbleached Muslin at this very speclal price—Tues- Tablecloths, $1 Very speclally priced—Tues- day. b4x54 and 64x64 inch Mercerized Damask Hem- stitched Tablecloths at attrac- tive savings. Turkish Towels, 35¢ Very special. Soft, Absorbent Quality Turkish Towels at this very interesting price— Tuesday. Wash Cloths, 12 for $1 first time. purcl'ing is espec Southern selling gave the market rather an unsettled appearance. New Orleans Quotations. NEW ORLEANS, February 15 Cotton futures opened steady. March, 19.58; May, 18.9%; July, 18.49; October, 17.61; December, 17.59. The market openéd easy in sympathy with weaker Liverpool cables. First trades showed losses of 7 to 11 points, and prices con- tinued to ease off after the opening call under liquidation of near months, until March traded down to 19.47, May to 18.91, July to 18.39 and October to 1926. EMPLOYES ARE OFFERED PLACES AS DIRECTORS Special Dispatch to The Star. CLEVELAND, February 15.-—Presi- Raflway Co 15 offered employes places on the board of directors in pro- portion to tkeir stock holdings. This move followed Stanley’s rejection o a demand from unionized motormen and conductors for a voice on managing committee. perfectly tailored in every respect. Tally advisable. DOWN STAIRS STORE 9, or 17 to 18 points below Satur- close of old crop positions, but day’s only 11 points down on October. underton: was bearish and was in check hy the stiffness of the months, due to the small stock. Cotton Values at Noon. NEW ORLEANS, February Cotton futures noon bids st March, 19.47; May, 18.90; July, C M. SW YORK, F futures 11:45 a. 20.04; Ma. 18.17; Decembe bruary bids steady 17.82. LI7E POULTRY FIRM. CHICAGO, bruary 15 Poultry—Alive firm; five cars: ngs. 30; turkeys, 35; roo The first of the modern Ol and wames was held at Athens in 1896 Regular Lines of Goods In addition to special purchases, it is ouf constant aim to carry in our Down Stairs Store complete I And the prices, in accordance with our aim, must average lower than elsewhere. Second Merchandise is sold only on Fridays, in in every section. Glace Taffeta, $1.65 Glace (changeable) Taffe that all smart women misses are wearing. very day. Lovely and black. Huck Towels, 5 for § Closely -Woven Huck some Heavy Towels, in all white: with blue or red borders. Linen Toweling, 23¢c Very speclally priced. Al linen Tea Toweling, with blue or red borders. Silk Broadcloth, $1.95 Broadcloth Striped All-silk certified uly, 18.83; October, ). fow! Irregular and and at_this interesting price—Tues- two-tone effects PITTSBURGH OIL FIRMS The held near | PITTSBURGH —The merger Works Co. and the Pittsburgh and Refining Co., operating refini plants in Pittsburgh valued at §2,00 000, was announced today. The organization will continue busine under the name of the Waver] Works Co. Thomas J. Hilliard, pre dent of the Pittsburgh Oil and Ret Pa of Febr the Waverly otton h, sition in the new company. PARIS BOURSE UNSTEADY. PARIS, February 15 (®).—Pric moved irregularly on the Bour day. Three per cent rentes, 45 fray 60 centimes. Exchange on Londc 132 francs 49 centimes. Five per ce loan, 55 francs 90 centimes. | lar | times sters, rmpic Many One-of-a-Kind Models in " These New Pastel Shade Frocks For Women and Misses 10 These newly unpacked frocks fairly breathe Springtime. We very much doubt that vou have seen before such exquisite frocks at this low price as you may find here now. And as evidence we point to our displays—ex- ceptionally large and varied. Smart pastel shades in Flat Crepe, Satins and Flannels. Re- vealing the smartest trimmings and placements of smocking, laces, embroidery, puff sleeves, hi-lo necks, frills, jabots, flares, godets and kick pleats. All Sizes 14 to 46 DOWN STAIRS STORE The Charleston Tam, $3.95 Specially priced. The most popular Hat today—which over- night won popularity — and why? So chic and fairly breathing Paris in design, with its fullness creased from back or side. Very Special ta, - Of soft, crushable felt, in new blues, new greens, black and other sunshine shades. “Above all, the Right Hat.” in two and three color stripes on light grounds—suitable for dresses for Summer and Spring wear. AllSilk Foulards and Crepe de Chine, $1.95 In all new designs and colors for Spring. Dot, scroll all-over and broken stripe effects attractive array of colors. Light and dark grounds. Seamless Velvet Rugs, 8.3x10.6 and 9x12 315 Good Grade Velvet Rugs, very greatly underpriced for Tues- day’'s selling. We very much doubt i there will be any I after Tuesday. 6x9 Gold Seal Congoleum Rugs $5 Greatly Reduced for Tuesday. choice patterns from Many which to select. Easily clean Tays smoothly. Effective color- ings and very specially pric Selfeed Pencils, $1 Silver-finish nickel case n Selfeed Pencils. 5 feet of lead. Propels and pels. Eraser at the top. Each pencil holds and automatically feeds 1,000 Prs. Women’s PatentLeather PUMPS $1 75 $2.75 $ 3 7S Patent Leather Pumps in these styles will accompany smart costmues for Spring. And these prices represent less than the manufacturers’ cost. Sizes 3 to 7 in the lot. in eft Also Pumps of tan calf, black satin and black kid. DOWN STAIRS STORE ed. ed. ew re- Men’s Fruit-of-the-Loom Pajamas, $2 Trimmed with four rayon frogs, two-plece styles in plain white only. Full cut throughout. All sizes, A to D. New Ties, 75¢ Silk Ties, at this special price— Tuesday. New patterns, in tractive stripes and figures. Sale—Men’s White Imported English Broadcloth Shirts, $1.10 Very Special Sale—750 Shirts offered at this price for the “ach of these shirts is fully cut throughout and At this price quantity zes 14 to 16. ANNOUNCE MERGER ury 15 () oil ng 00, new - 0il ik in- ing Co., has been named to that po- 2 to- 108 on, ent The dol- quoted at 27 francs 223 cel SECOND RUBBER - EXCHANGE OPENS Methods Used in Cotton Trade Adopted—Limits Membership to 250. By the Associated Press. 3W YORK, February 15.—Amer- ca's second rubber exchange—the first devoted exclusively to trading in that commodity—opened for business this morning at 31 South William street ¥ ent Francis P. Henderson an. nounced the limited membership of 230 was cxpected to be filled at once. The unit of trading will be a con- tract calling for 213 tons of rubber and 12 months will be traded in as on the New York Cotton Exchange. The rate of commission for buying and selling is fixed and will not vary as the market price of rubber changes. Transactions on the exchange will be cleured through the Rubber Exchange Clearing House, In The exchange began business with 232 elected member Applications for Women’s Full-Fashioned Chiffon and Service Hose, Special, $1 Beautiful clear weave Chiffon Hose, up to garter band with feet and garter band of lisle. Service-weight Hose, with lisle tops, in blue fox, rose blonde, French nude, gun metal and atmosphere. 10. Women’s Fancy Sports Hose, 85¢ xed Hose 1 - pres s silver and French Sizes 833 silk el Mock seams. Women’s Sports Hose 35¢ Pair Our Parisian brand Sports Hose, warm d durable. Camel, French tan and black. 813 to 10. Handkerchiefs, 10c Women's Imported Handker- chiefs, imported directly us. Fine, soft quality hand- kerchiefs. in plain colors and colored borders. Infants’ Sacques, $1 Of cashmere or knit. Daintily trimmed—in pink, blue combi- nations. Special. Dresses, 58¢c 2 for $1 and Little Tots' Dainty izes 6 months 1ly priced. 3 pairs, $1. Turtle-weave Infants Little Dresses, in to 2 years. Spe Handmade Dresses, $1 Little Tots' Handmade. also some Machine-made Dresses, of fine quality material, daintily made. Handmade dresses are scalloped at the bottom. Sizes to 2 vears. Rubber Pants, 5 for $1 Very Special. Good Quality Baby Rubber Pants, in all sizes and colors. White Hose, 28c Pr. 4 pairs, $1. Baby Onyx White Hose, in sizes 4 to 6%. Diapers, 6 for $1 Birdeye Diapers at this very special price Tuesday. 30x30- inch size. Regularly much more. Bands—Binders, 2 for $1 Part Wool Vests, 2 for $1 Medium-weight Double-breasted Vests at this interesting price —Tuesday. 3 Vanta Vests, $1 Exceptionally Fine Lisle, But- ton-front Vanta Vests, spe- cially priced for Tuesday. Sizes 1 to 5. ‘Wool and Cotton Vanta Vests, $1 Double-Breasted Style Pillow Slips, 2 for $1 Hand - embroidered Pillow Slips, of fine quality. Very specially priced. these days—and especially is it true when one's coat is of Birch Gra at- Very often Summer fur and metallic ap- plique strike new cords of harmony with Fashion—and the flaring or straightline silhouettes are being shown in only ap- proved-hy-Fashion styles The Tailored Topcoat is very smart, also, especially when of Bluebird Blue, Lanvin Green, Napoleon Blue or Sunset. Sizes for Women and Misses 14 to 441 DOWN STAIRS STORE » %5 40 more memberships are awalting offictal action Opening transactions were fairly brisk, about 60 lots being dealt in. The unit of trading is 23, tons. July was the most active month, quotations ranging from 62.00 to 61.90 on a don ble call. March was quoted at 63.50, May 62.40 and December 59.20. Trading hours cn the new exchang» will be 10 aan. to 3 p.m. daily, and a two-hour session on Saturdays. GRAIN EXPORTS PICK UP. BALTIMOR! 15 (Spe- cial)—The w leading exports last week s ht ase in grain shipps ary report of 38 shipments we bushels of bar 995 of wheat, 9 of oats. Flour tot against 1,214 last w weare 1,512,718 pounds of 20 tons of pig iro BUTTER LOWER TODAY. CHICAGO, February 15 (£).— ad. CUnchange An atrplane between Danzi Hoodward X Wotheop DOWN STAIRS STORE Fern Stands, $1.85 Wrought Iron s, com- plete L b bowl, ve specially pri ] Lamp Bases, $1.25 Lamp ish, 1% wit ed— special. Portable . of mahogany 1l inches high. Complete two-piece plug Boudoir Lamps, $2.50 Special Pot Boudoir shades—bl rose, neatl Sale—250 Silk Georgette Chemise Special, $1.50 med and n Beantify embroider: nile. maize TH a : qual to 44 v n georgette, Women's, Men's and Boys’ Rubbers, 78¢ Spl -we ber valu these Ru ceptional Girls’ Oxfords, $4.75 Growing Girls' Oxfords, blacl tan. with four rt mode rubber 1 service and with smartness. High Shoes, $ and $3.95. Misses' a dren’s with flexible Sturdily construc ice. Sizes 81 to 11 to 2. Infants’ Shoes, $1.95 h 2.95 with flex- ¥ Colored-top Hi hand-turned ible and comfortable wearing shoes. Sizes 4 Shoes, Infant’s Pure Wool Hose' 2 pairs $1 Infants’ warm, 4 Wool Hose, Very interes! Men’s and Boys’ Oxfords, $3.85 Tan Calf Oxfords. with soles and flexible rubt Sizes 612 to 11 in the lo to sell for much more clal. Tuesday, at $3.85. Knit Union Suits, 50c Cotton cerized built-up s 36 to 44. T Sateen Bloomers, 88c th con in sizes ng values, welt cel \ Knit Suits. with traps: bod der style ht and open knee. mer- and Sateen or double d 29 ced n flesh and wh Bloomers, with elastic knees. lengths. Specially New Light-Weight Spring Coats Feature the New Special $29 -50 Lorcheen, Poiret Twill and Sports Materials are Fashion’s first choice “Birch Gray”