Evening Star Newspaper, February 20, 1926, Page 25

FINANCIAL, EARNINGS REPORTS MEET FORECASTS Building Permits Up—Retail! * Trade Cut Down by ) s LA BY L. SKTH SCHNITMAN AND one. The sarly monthy of 1821 with . V. A . u t! Vi 8] and gen- Rough Weather. 4. W. MILLARD. respect to both sdvertising %=, L ington business indicators are the Ranking high in the field of Wash- oral business exhibited greater activ- figures on newspaper advertising THE EVENING STAR. WASHINGTON, D. C, SATURDAY. FEBRUARY 20. 1926. FINANCTAT, INEWSPAPER ADVERTISING SHOWS CAPITAL’S BUSINESS ACTIVITY Voice Controls Current. = An engineer of Nottingham, Eng- REAL ESTATE LO land. claims to have perfected an in- ANY AMOUNT 5 O s vention' for contrating. siecire. cur.|| SoAKE dacitie 9Y/2% rent by means of the human voice. ||| BESIDENCE LOANS AT LOW RATES FRED T. NESBIT The sound waves of the voice, says [ INVESTMENT BLDG. Main 9392 NEWSPAPER ADVERTISING AND GENERAL BUSINESS COMPARED (Expressed in percentage changes from 1924 monthly averages.) Little Used Index Reveals Valuable Trends in Trade and Even Indicates Coming Depressions—Amaz- - ing Growth in 40 Years Traced. the Popular Sclence Magazine, are fransformed in such a way that they will control any elsctric o ity than was noted in the same period of the preceding year. The year 1924 on the whole was very quiet as com- BY J. C. ROVLE Rpectal Dispateh 1o The Star \ NEW YORK. Febroary 20, The volume of money which poured into! the markets in the last week and took up investmenis offerinzs guve Ample evidence of the busi condition of | the country. The annual reports of commercial and industrial concerns | now beinz made public sustain fully the anticipations to 1975 profits. The zreater number of hasic lines have “improved their positions thi vear and their shareholders and em- Ploves have money to invest M survey of over 100 cities widely parated indicate that the building rmits issued in the last month called r the expenditure of % per cent more than for the corresponding perfod of ast vear he sain was specially marked in New York. Detroif. hila delphia ranciseo. ities of the South. In ‘enters the rate of zain cent. ! ding Materials Lower. The general trend of building n Hals is «lizhily downward in ceetions, althouzh high coal ¢ were reflected in hrick Lumher was firm. owing fo the increase fn new husiness 4t the mills the last week. Iron and steel mills are bhenefiting hy the drop in coke and soft coal prices. which in the central Pennsyvl vania field has reached 30 per cent There has heen a strengthening of specifications. more railroad buving and additional tin plate demand. Pro- duetion now is averaging over R0 per cent in the Pitishurgh area, NEW YORK CURB MARKET Received by Private Wire Direct te The Star Office BY WILLIAM F. HEFFERNAN. —Curh gular. downward. NEW YORK. February prices today were very i main the drift was Industrial Rayon Corporation inother new hixh & gettinz ready for Siock Bxchange, Standard Ol ther oils, like Carib, were down or holding aroupd the prices of Friday’s close. Baking stocks wers offered General Buking A" was off NEW YORK owing is an offic stocks traded in n Curb Market today S e B LERE A P&l Februa the New d Union Carbide, its entrance to the was in soms demand. shares were lower —Fol 1 1ist of bonds and 0 and Continental Baking “A™ 2 points. This group was still feeling the eifect of the institution of the Government suit against the baking combination on the ground that it was violating the Sherman anti-trust law and the Claytop acts. Motor Ahares were undér more or leas pressure. Stutz. at one stage. Was off nearly 2 points, and Auburn Auto- mobile lost a fraction. Fox Film A" atock, considerably shakan by Frida décline In the flm stockk, was lower Glen, Alten. Comt 180 FGES AND TURKEYS DROP DURING WEEK Cooler Weather Help to Trad- ing Today in Local Whole- sale District. Reductiona In prices of eggs and turke: were interesting features of the waek’s markst, aspecially egg prices. because of the great demand for them during the Lenten season. They dropped tn 28 cent thought there may be a further drop hefore the close of today's market. Retallers took advantage of the drop lineage. A close examination of these figures will reveal the value of this little used indicator of husiness. Some business indexes are ‘‘thermometric In nature, a.g., measuring the “heat’ of business at a given moment, while others are decidedly ‘“barometric.” foreshadowing future husiness weath- er. and newspaper advertising clearly in the latter class. Ing Is the tangible évidence of con- fidence in Ing business men. reason, if for tising 'lineages. especially those in newspapers, afford such a strikingly Accurate foracast of businesa. Quick to Detect Trends. When business is moving forward important advertisera are among the ! Arst to read the signs of recovery and. in fact, to hasten It, by increasing their advertising budgets. It is to be noted, however, that in times of on- coming depression advertising, often unwisely, I8 one of the first {tems of overhead 1o go by the board. Bunsi- ness dépressions in Washington are more often of a temporary nature and quite uniike depressions experienced in othér communities. Hénce adver- tising ratrenchment. here. usually ap- pears a» & mere leveling. in contradis- tinction to actual declines in other 18- callties. This leveling of which men- tion in made necessarily relates 1o the factor of yearly growth. Advertising shows striking month to month fluctuations. as may he seen from the accompanying chart. fluctua tions which are astonishingly regular, veAr after vear. falls Advertis- the Immediate future of business as expressed by forward-look- And it 18 for this none other, that adver- pared with the marked activity of 1925. Roth advertising and general business in January, 1926, ran well ahove the same month of 1925. ‘Washington department store ad- vertising, alone. in 1925, would have filled, almost twice over. the entire space of the two leading Washington newspapers of 40 yeara ago—and the department atores in 1925 accounted for leas than 25 per cent of the 52,000, 000 liner of advertising that appeared in the columns of local papers last year. Such is the progress of adver tising. if not indeed the progress of local department stores and general business since 1885, to say nothing of the advance In the standard of living and the avolution, sconomic and so- cial, which has taken place since that time. Automoblles, unknown in thore days, accounted for practically 3.000. 000 lines of advertising in 1925, aimost enough to fill the columns of one en tire paper of 1885. Radlo. only five years ago a mere Infant. took in 1925 more than 500,000 lines of advertising space. Anothér commentary on the changes which time hus wrought i& to be found n the fact that lotteries, long since dead by operation of law. took quite a bit of advertising lineage in 1885, while the more recent demise of whis. ky, wine and beer, in legalized form At least, racalls the conspicuous ab. sence of advertising relating to these products, although accounts of viola- tiona of the prohibition law may for some time to come continue to fill this vold, Forty Years of Progress. The progress in newspaper adver- Metropolitan Life Insurance Company OF NEW YORK FIRST MORTGAGE LOANS Apply to WEAVER BROS. Realtors 809 15th St. N.W. Main 8486 The New York Life Insurance Co. Ofiers to Make First Mortgage Loans On Il;npmved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland FOR 3, 5 OR 10 YEAR PERIODS. Am Threa Am WW s & A6 & E 6 8 AN Sun Hard (GEWTS tising I8 the progress in business and fn no amall way this progress marks the advance in economic and soclal life, generally. Comparison hetween advertisements in Washington papers of today with those of 40 vears ago at once discloser the growth which Washington has experienced since 1885. Crude statements, tiresome copy and free usage of superlatives in the description of merchandise, have gradually given way to straightfor ard claf while the ever-changing educational Alsplay of zeneral adver. tisers tadav affords striking contrasts The automohile trend is shown plainly by the fact that the sales of e leading factory in the Industry in the last month have risen over 100 per cent as compared with January. Makers are now producing 580 body types on 51 different makes of chasses, Closed car production this vear is| lkely to represent 75 per cent of output oduction of anth but distribution has not figlent proportion to determine how many of its markets hard coal has loat. This may not be established un- 11l another Winter has passed. Of companies are expending more mone: in oil development work In the South wast than at any time since 1920, P Standard Oil inte s are fighting A Iyear, » vigorous battle with British oil men S aomat. for development of the nil fields nn the Bolivian side of the Rolivia-Ar gentine houndary. The textile mills are eidedly hetter. The sale of 100.000 pounds of fine medium wool in the Northwest at 30 cents a pound, how- ever, showed a marked drop in raw wool prices. Wearing apparel plants have picked up in some sections, but the industry here is still facing iabor aisputes, which exist also in the fur and silk plants. The unsettled stock markst is held responsible to some extent for the dull ners of movement of the nonferrous metals. Sales of copper have been emall, alihough brass companies are doing well. Lead dropped in aym pathv with London. The report that the boll weavil is hibernating in great numhers this Winter has livened un the arsanic groun nf chemicals. hut hea\v offerings depressed denatured alco Houses 1 Apartments Business Properties 2 0 Office Buildings ON APPROVED SECURITY in prices to! offer fresh exgs At a price of three dozen for a_dollar. ‘There are still some storage eggs he. ing offered. however, and huyers are guarding themselves against purchas. ing them for the fresh stock. Decrease In turkey prices acted as A alight boost in sales todav. Thers was not an active demand for (he 43 Ricken 'Mos.. .. king fowl created, dealers stated. hut leh Rad nes the slight increase proved interesting. FRMs Ot e a3 2 Colder weather this morning mads 3 Serv Corp A the market mors active. 2 A% hetween Fehruary and March, ac |g=xn“§uu Ve A Z3ouh e aP A Today's Wholesale Prices. count for further Auctuations. The ZSou Cal B L0 L Rutter—Faney one-pound prints. | accurrence of holidavs also affect aq. | !0 thé advertisements of an earlier a; s::m AiFes SR 51852 tub, 49a50: stors packed. 33 vartising. soms of which, hecause of | 42V outh ':k'fi' ; BREs—Average receipts, “sm.d: can. | the Armly intrenched habits of the = tand Tex Prod B n Aled. 30a31; hannery, 3435 iorage. | veople, Christmas buying. for sxample. | i o 20u21, «re praceded hy axtraordinarily heavy e R C v Poultrv—Alive. turkevs. top, 40aii. | 1Avertising. To these factors must be Pofasw Rl Spring chickens. 38at0. fowls. 27a25 | tdded the effect af weather Itsalf and Tob Prad E}fl Leéghorns, ducks resse, |58 Iimatic changés as hatwesn the sax ans Lus Bic 20, keatw, 40a70. Dressed. turkeys. tons. 250 Spring chickens Fiach year show Laghorns, 25 ducks. nd two depressions. 25: keats, 90a1.00. ston In the Winter & stock—Calves, top, 14a15: hogs, | recovery in the Sprin, and medium, 13',: light. choice ective sequence ‘ween Summer and Fall Seasonal Movements Shown. The accompanying chart shows these seasonal movements for hoth “ewspaper advertising and gencral tusiness, which has been plotted n | his chart for comparative purposes. It may be noted that the Midsummer | i geman: | doiressions” occur for each curte 'in | i onth. namely. August A Vet Vireinia A2ty Inches ] o or April s 16 he noted as af- | Yorks, 4 50, mostly areund 5.00 i | fectinz the Spring peks for both ad- Staymans, 850600, few K.50: Penn | (0L "and business in zeneral, sylvania. ‘A2 inches up. Stayman-| "5 e nches, Staym hexs things considered. the reflec. | | I‘"."l:"“;“‘m'{':n‘""-n"i:‘rze"“"’f; Tyash: | tion of general Buxiness and the fore. o e o stz “ | cast value, afforded by the Agures on s Ao qewspaper advertising. s of striking [neompere sl mederate; . | jgcnificance. - Comparing advertising | rate. market Arm. N | ith the dollar volume of trade chart- change in prices. New stock. Floridit | .1 jiera a« general business. the latter v Factors in Changes. It is natural that this regularity =hould appear from vear to vear since it In caused primarily by accentricities of the calendar. Sunday advertising is from two to three times as heavy s dafly advertising. hence the pres. | ance of four or five Sundays in a ziven month may radically t the monthiy totals and the deductions to he drawn theretrom. The varying number of davs in the month. ex. s Tses u’mn'-w'”‘ FITE S srasisy 233338 Gan El 5 A n'T & Fa 71 1 Pug Saund P&L it Serv ‘e . 4 Purity Bak A 4 Rand Kar Bur ST MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 ite has hegun, reached suf Pr 5 3 285 et e i3S Fietler s i FEES 2 Over a Quarter of a Century's Experience D Secured hy first dead of trust on real sctste Prevailing intarest and commiscinn 3 FEre 7 PTEE 22533322233 i FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street POOLE, Apartment House Management— roughly twe peaks | A slight Aepres is followsd hy a with the same urring as be- doing de. 25230 zeass, ! 23353 SSEEE v 205 is more dependable when it is experienced. \We have had than a f]l!;ll'lcl' !\Y_ a (‘efltl”'_\' perience in helping rental property owners. lLet us A3 ol hoe Matn'¢ 45 White Sew Ma pf 50% MINING STOCKS. 2 Cresson Gold 50 Eureks Croesur lsagm Fnoyehi N Seoss ZERIT e +-1et Pe2 %% 3 P Meats—Beef. 15 . dressed pork. heavy, 1 ht, 17 loink. 30a3 2. fresh hams. 3va Today’s market report on frufts an: vegetables. compiled by the Marke News Service, Bureau of Agricultura Economics, safs: Apples—Supplies moderate lambs, 20a25: veal 14a1415: me shoul S more » > 80 Flor _Golafld 30 Golagd Cons . 3 £t oldfd Oro Hawthorne M 2 Hollinger T Hecla Mine 0 Ka: President 9= 5= Smes FEEAE R+ ot el L WE FINANCE —all clasees of income.producing nroperts Large Loans a Specialty Carrent Int rate and rommussion Higbie & Richardson, Inc. 816 15th St. N.W. tell vou how our service ) can help vou. B. F. SAUL CO. Main 2100 925 15th St. N.W. s s S5EEBYS <4Taa 8 osoimmmn et 33823R3032323235335 Weather Slows Up Trade. The weather of the last week has not been beneficial to retail trade. al- though the pre-Lenten festivities help ed out the sales of Monday and Tues- day. Merchants are preparing for a racord-breaking Easter trade. The market for radio receiving sets has slackened, although demand for accessories continues brisk. *Action of the House and Senate con- ferees on the tax bill assuring a cut of ahout $381,000.000 has been largely discounted, but the progress made to- ward final approval of a tax measure was heartening to corporations and individuals alike. (Copsright. 1 TOBACCO SALES HEAVY. Farmers Around Danville, Va.. Get Nearly $6.000.000. Snerial Dispateh to The Star DANVILLE, Va. Febrnary 20| The weekly statistical report of the| Danville Tobacco Association just fs- <ued shows that the farmers of this| <kction have derived nearly $6.000.000 for their tobacce crop thev started selling it on October the | anction system, More than 36000000 pounds have been sold by that method at an aver-| age price of 16 cents per pound. WOOLS MOVE FREELY. - WA A Webster Nil 8148 FOREIGN B ity Dre. .. ity Graz 8. . ity Heidel anish Cons Anticgua R R Fran; nch Nat 78 b (3 [ 2y T T SEIICEREE — Prompt A First Mortgage Loans Lowest Rates of Intereat and Commission ‘Thomas J. Fisher & Company, Inc. & Streat T i 2 B3BR33A23231038! I » taz-hushel hampers. nointed [vpe ant |1 of 1921, o far as advertising was ancerned. reflected the incraased com. mercial activity which had begun to arrive on the tide of recurring con- fdence. Advertixing in 1922 trended slightly downward until early Fall of that vear, although the vear as a whole was larger than the previous Copenhagens, 3.00a3.25. Old stock. n sales reported. Celery—Supplies light: demand good market weaker: Florida. 10-inch erate 4-8 dox.. 5.00a5.50 Potato Market Steady. Lettuce—Supnlies moderate: demand moderate, market firm: no change in prices: Californla, Imperial Valle crates Iceberz type. 4 dozen. best, 24.00: mostly 4.00: 5 dozen. 3.50a3. poorer leafy. all sizes. low as 2.30. Onions—Supplies moderate: demand moderate. marker steady: no change in prices: New York and Michigan, 100. | pound sacks. Yellows. United State No. 1. hest. mostly 3.00: New York ordinary condition. frosted, 2.0, Potatoes—Supplies moderate de. mand moderats, markel steady: no change In prices: Michizan. 130-pound sacks. Russet Rurals. United States No. 1. A3 few higher: Maine, | pound sacks Irish Cobblers, United | States, No. 1. Spinach—Suppliss heavy: demand light, market weak: Texas, bushel has- kets, Savoy type. 30a7s: South Caro. lina, cloth top veneer barrels, Savoy type, fair quality. $2.50. ! Cauliffower—Supplies moderate: de. mand moderate., market steady; Call- fornia, crates 50 Other Prices Today. Tomatoes—Express receipts and supplies moderate: demand light, market steady, no change in pricas: Cuba and Bahama. repacked. cholce count. 3.pan cartons. ripe. wrapped, 2.76; ripes, wrapped. Fancy eount 8.00; cholce count. 7.00: Florida sixe ripes and turning. wrapped, wide. range condition, 5.00a7.00. Carrots—Supplies moderate: demand 222 20 232 i 9 P2 T [ 9 siasepuant A BIR3DR S Week Finds Trend Lacking in Stocks—Trade News Very Much Mixed. EEEE e 228pzoRnsn Ist TRUST and CONSTRUCTION MONEY ON HAND N. L. SANSBURY CO., Inc. 1418 Eve St. N.W. E2338: 223 0: AT PEREE S o 3. A Business Property (today) may offer little in the way of an investment. eSS By the Associated Press. | NEW YORK. Auctuations of special week's stock market réflactad the play of opposing speculative forces. but failed t6 disclose & definite price trend. While the average of 20 leading in- dustrial issues mounted to another naw racord high lavel, this was due almost entirelv t4 the spirited ad- vances in American Can and General Electric, two of the stocks used in the comptlation, Public participation in_the market was on a reduced scale. This was due, in part. to the attractiveness of the new investment offerings, which ex- ceeded $150,000,000, and to commission house and other advices suggesting a walting attitude until the course of Spring business became more clearly defined. | Trade News Mixed. | The week's trade mews was rather mixed in character. The demand for steel was characterized as disappoint- Ing by some of the steel trade reviews. Car loadings in the week ended Feb- ruary ‘ih‘;‘l‘ IA;eon ef:r 'EE)? gsln‘rn are aval e, showed a slight NK | light, market steady. no change in off from those of the same week last ) Ye a e Farable stork market fhctoes |Prices: Texas. bushel baskets, mostly included the actual resumption of anthracite mining, special dividend distributions by the Texas Gulf Sul- phur, Railway Steel Spring. Fair- banks Morse and E. I DuPont de Neémours & Co., the announcement of a decrease in crude oil production last week and the decizion of the Seaboard Air Line to begin the construction of new lines in Florida. Call money was relatively firm. due to the smaller volume of interior funds sent here since publication of the volume of brokers' loans outstanding. The increase of nearly $46,000,000 re- ported by the Federal Reserve Bank in the week ended Fhruacy 10 alao ap. pared to have a restraining effect on 3 i bullish activities. Bethiehem Suel 3e 1036 Weak Spots Uncevered. an A & Pt 0 Bear traders succeeded in uncover- | City of lgov‘v‘lpm‘mm. ing a number of weak spots which ob- | CoMmP. G & F ixt 2 1937 viously had heen marked up to levels | Erie : far heyond their intrinsic value. The break in Devoe and Raymolds, which { 4 SiemensdH 3 Swiae Govt 13 Thessen 1 & S [Sales STANDARD OIL 18SUES M0 % Am A ctend 17 00 &0 Tohos ST 30 Borme. Sorsiser 2IDooD-_DDLBI2D: 2333 AT e — (tomorrow) cond hange and present an opportumty It 15 up to us to know such things tions may We will gladly receive = = SRt it might and give prompt attention wnucual FIRST MORTGAGES to applications for Money at 517 Loans on Washington Real Estate Very Desirable Conditions Granted Current rates of inter- Tyler & Rutherford est. Should vou have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Loan Correspondent Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Avenue Phone Main 475 100 Inm 0 Can n 2300 Inter Pet € Lid 3100 Prairie 0 & G n 10 Solar Refin %0 South_Penn O3l 100 Son' W Pann P 1000 "0 Ind 200 S 0 Kansas 00 s since 1 by RIS uwy 008 O N W a00s 8 Garnwi: BN B INDEPENDENT OIL ISSUES. in hundreds, 10°Am Cont Oilfields : Am Maracaibo C i Roacon 2 final Pat in' Send Serv new Sales o3 Prices Steady in Boston Market as Week Ends. Speeral Dispateh tn The Star BOSTON, February 2 anded with little activity wool market. Pulled wnols moved reelv and sales of "B’ supers were reported at 80 10 92 a pound. Australi- | an spot wonls have the call over do. mestic products so far as prices ave eoncerned. Noi are quiet with ood | atock quoted at 93 ta 95, half blood At 55 to 70 and threeeizhihs blood at 75 to S0 STz 2w RS Thirty-Five Years —insures vour protection. Percy H. Russell Co. 926 15th St. N.W. Serv o serv B et L5, The week in the raw s i 55T B S e ST oo B R R o = i3 3055 lid O Co Gibson Ol Cor Peppers, eggplants, string beans, cucumbers. okras — Supplies very light, no sales reported. Strawberries—Supplies ve light: demand light, market firy Florida. pony refrigerators, 65 per quart; few higher. SHORT-TERM SECURITIES. (Quotatlions furnished by Redmond & =—CI B 108% PESPIESTE e oy Your Banker, Knows. When in doubt about a security eonsul' your banker. It is equally as much his interest as your to protect your savings. . You trust him with your deposits--why not trust him With your investment problems? | The Dollars That Count--- 7 Salt Ck Prod 13 Venezuelan Pet INDUSTRIALS 1 Ala Gt Sout 1 Aloha Port Cem 2 Amerada w1 L0 26 Am' Cynamid’ pid 4 2 Am Gas & E § T Am Hawan 11 Am 3 Am Associations “A Man Is Known By the Coempany He Keeps.” HE ONLY DOLLARS that count are the dollars saved, and the only dol- lars saved that count are those wisely in- vested. filfl‘m"dfi 8 L. C. e Sor ot Ataar: Amer. Beet Sukar. 8s Amiconda Yoapser dniias ’ L% Associated ON 6s 1035 Aaimale L70nle ) COMMODITY NEWS © WIRED STAR FROM ENTIRE COUNTRY HERE conservative sécurities, Govern- ment.Bonds and a stead- ilv growing Bank Book are found, there also are found— 2233253 T i Pow & L. 2 Am Ravon Pro . 2Am Superp B_ 14 Aso Gas & Elec FORT WORTH, February 20.—The Adbamon o Texas Co. has purchased ofl lands in |A Barnsd W rte wi Crockett County for $250.000 and will lacke ¥ Gan & E augment its acreage there still further oni Fireprle if oil is found. The Phillips Petroleum ridgenort, Mach Co. has exercised its option on 400 o . acres in Hutchison County at a price not announced ) B wi . a Gl R MINNEAPOLIS, Februarv 20.— Flax production in the Northwest in 1925 totaled 20,000.000 bushels and vielded $45.000,000 on three million acres. Prices averazed $2.75 to $2.30 a hushel, about the same as in 1924. An Increase in 1926 acreage is advised. PHILADELPHIA, February 20.— Ready-to-wear manufacturers are busily employed in preparation for Faster retail demand, but so far the millinery trade has heen characterized by dullness. EL CENTRO, Calif., Februa > Cantaloupe acreage of the Westmore. TEl Retrlg & Jand district of the Imperial Valley is 3T o 3 ¥ed Motor Truck expected to total 10000 acres this! 2 Film _Inspec M. year. Planting has started. ! 3Foungation Fo'd 2 A JEFFERSON CITY, Mo., February rank Ry 30 —Cattle on Miseouri farms de- sed 73,000 in 1925 and now tof 9,000 head. When you select a guardian for your savings you will want a safe security and the protection of a company with pres- tige for integrity. 3333 » 233 e et 3t PR R R. s, 1028, Faderaied Metals 7a 1930 .. EE O b il started last Saturday, continued dur-|Great Northern 7a 1936. ... ing the early part of the week, with | Gulf Oil Corp. Pa 312 924 the result that the stock fell from 10414 i 51y faat 19%8- to 453 in a few days. Sec. €. 6x'1 Publication of the annual report of the Baldwin Locomotive Co.. showing Jess than $1 a share earned on the pre- ferred stock., also inspired selling which sent that {ssue down to a new . low level for the vear. Other stocks |Swift & Co. Ba 183" which were sold because of relatively | bnion 9il Ce; of Cal poor 1925 earnings were American | UME" fagi s A £ Woolen common and preferred, Ma.- | Westorn Union ST rine preferred, Fox Film, United | Westinghouse £ ARt States Industrial Alcohol and Atlantic Gulf and West Indles. Rails took on & new lease of life toward the closs of the week in ap- parent anticipation of favorable 1925 earnings reports which will shortly make their appearance. Rumors also st that some of the larger roads are planning special dividend distribu- tions. oan 55 3552 350555 30535 F 2 B D TRPE L P 33:5353: s . Swartzell, Rheem & Hensey Company offers you first mortgage investments at 61%%, which have proved safe for 56 years, and a service associated with a reputation for integrity. Swar(ze}l{.%em&&nuy(h, 727~13. Street. NW. Washingon DC. o 355353~ E 30332 2323503350 ! - e 53 - - T e FREEY B 332, SR 71y 3 w York c!fll‘l"’fl fAs_1935. Dickon Short Line 41020 e crON Bar. b, 6 First Mortgage Notes on Washingten Real Estate. They pey en ennual in- come on the investment of 6%% 3 ip_A, i Nip B ommonw N oI ey Lo FE ~a (kT SRS R F BE PP SORRRRE, $333332 @ S S5 o FEEL ) 3 FOELREE 3 Coneol Laund_. . 1 Consol Dairy 0 Continen Bak 208 Continen Bak B. 11 Congress Cigar. . 3 Copel pr ww wi i Cuneo Prors A, . 3 85332333:3533233 F 53 & Su3IBRBIIFIRINER FER 52 FOREIGN EXCHANGE. (Quotations furnished by W. B Hibbe & Co:) Nominal ‘Sellir ecks sold value, . today <t £ % »_iomiaae 1o 5285805 3 3 P arion 1aAS Lmion: P & & - i3, 665 34.86 29, 3 ¥ SDmaR 13aIA=D » 3o oS T a2 - » " 713, 715 and 717 14th St. N.W. 56 Years Without Loss to an Investor Main 2345 -— Trumbull Steel Co. is reported from Youngstown to be making progress under the new menagement, the com- pany’s output net having been affect- ed By the tlackness in businesy, T R R RS SRS DI D IR 528a3 fErdenice) £ AL I 19 _ascauscs. > _ososiocs grm HH e i g e &