Evening Star Newspaper, February 22, 1926, Page 23

FINANCYAYL. TRY REBROADCAST PRICES HOLD FIRM OF PROGRAM AGAIN, AT GENTER MARKET WOC and WGY Wnl Attempt | Hotel Men Are Best Buyers 4 Wireless Relay Wednes- day Morning. The rebroadcast progiam, which far has failed to « a suee With shnutancou ing as a reliahile me Prostams in d country, is (o < this weak Unabie to work wecesstul Wi less veiay beowcen \ Lave port, and W Sehenectady. du mg the mie 1 w the two stations repetition of the ex day nioining he WO will twoa “i\° length o will endeavor ¢ points nea; cast on meters Despite the comporativ attempied rebroc. compares with wired rel Electric ( effort to el 181 m to pici Its wive have Lecn have burgh, and KI'KX and occasional rebi effected hetueer WGY, using WOC s 8tep in tiw 1y these peri been deperiie: pheric conditions cated will w of apparatus Other outsts rebroadcast worked on shor distances, and i pick-up by the America of pr « England. In view the econom casting as comnare all expe: to a solution « watched with i neers everywhere. RO( i\‘v" LE. ROCKVIL) l (Special).—Ju drawn the jurors at Cirenit Col cony trict. and Gec Samuel and Titns per W ents, Joh Darby: Rockvi Charles A anaugh, John Hamil liave be and at nding examp e Ma the rt W 1 n and thesda, I rison and bert M. Murpl vid S, Cr: lev: Archie W son and I aLucion alers, | and Il 3 Wil and non D. and I Charles J. Benedic ker, Nicholas J. \we i B. Ausiiy and Dar According Hempstc county supervisor of attractive reidences h ed in Gar Park wi year Mrs the of that held at Rockville eration, rtshorne il include Grini ments Holmes. presitent unts Fede o en. has 1 exercises ¥ Country Cly os of t Mrs. ¥ . the Jobn A Tortsomery ¢ publican We the me rancy o Kensing Rev M Robert At 1k ggon and M Friends represe House of becone nomination for trom the first collection distr represented by Hiram W. 1 Republican. and he is said 1 he De | acknowled fng the matter serions consideratl cknowleds, : Sarpnel Rigss, now Judse of the E smpanied by a promise to discharge Cotirt, was the Damocratic candidate | ihe debt on agread-upon terms. A ouiat Mr. Tarves. AT Harvey will | bond is secured when a remec have no opposition for the Fepublica; | provided for the lender in the eve nomination. The primary elections of | the borrower not keeping the agree-, both parties will he beld early in{ment. The difference can be made | September. - | plain by a comparison with a trans-| : : SR | action between two private individ- S {unls. If “A" loans “B" $1.000 and FURNITURE “CAPITAL’ | takes “R's” note for the amaunt “A in_unsecured bond. F. howeve " {Tkex a mortgaze on " house TO COST $6.00) 000 Fpecial Dispateh to The <ta DETROIT. ¥ 1tmo: Tohr nd Today—Wholesale Houses Close at Noon. so Bu: was market Most in the wholesale siow this morning. urchases Natur r the holiday ipated slow iy all wholesale ness ather s closed at noon. o |1t was chieily to supply the hotel n-|trade that so many dealers opened 1| their places of business. Many retail e Lnackets were closed all day. i most commodities were the cluse of last week's had been hinted that pork Wou a4 increase ! or § cents, but - did not materialize. 1eported L increase of W lvins, but did not affect the local 1v material extent. A ange in prices of some as | commodities n fle reported tomor- Tow ‘s Wholesale Prices. e-pound prints, pac L»'l 35. en i chicken: 25; duck 80a1.00 top, 14al3; hoss, . 1812 light, choice, fowls, ganve Live vy o 20825 veal, 14414%a2: me- ns, 30ar? hams, 30a32. EEYOT CONSIOERS 16; lamb, . heavy RHGKEFELLER GIFT nllodnf s Proposal of $10,- | 000.0C0 Museum Fund as Cendition of Acceptance. the Associated Pro AIRO. Egy eptance of i of £10,000000 © 1 areat 1seu on the d e founding Cairo. now e ut of Pr feller's jnined by Prof. P handed slightly remain ! ttitude Is imeents 1o mier-pn uia <raie the w Lot tlor | os discussed iect with his jegal repres vill o New York in from « h, | tive. who 10! faw st EVERY of ed | be | - ib, | BY GEORGE T. HU HES. Secured and Unsecured Bonds. the distinction be- stocks, the two prin ich R made Having in | tween honds and al in cipal forms w 1ritte various kinds of thing about the onds. Classiieation is possibie along 1 great var ¢ lines. Perhaps the <implest is that which divides bonds inte secured and unsecured. A hond may be defined as a formal nt of indebtedness a for the loan A - farm as a pleds 45 n secured bond. In the latter the borrower does not pay the prin- pai when due, and the interest mean Rapids furniture intorests lave com- | u : pleted pians for the ercction of a 34| time, the lender e foreclose the mort story building in Grand Rapid<. the | &age, sell the prop: 'y and reimburse largest of its kind in the world, It | himself. If. on the oiher hand. he has will be known as the *f pi- | onlv @ note to protect him the best he tal.”” and devoted to fun and containing a furnitu buiiding will have 1,000, of fioor space and wiil mately $6.000.0( i cured bond ix hetter than an unse- [ cured hond of the same borrower. It $2.317.077 q'l.'ATION DONI} does not follow that all secured honds SACEANENTO. Ve et re better than all unsecured hond ARl The pew T 2 ter of fact, the nventment ad bl 4 m the safest in all the world, a | il L e S ohlization. If the United | x e e | States shonld defznlt. the owner of a ChEgi ISR *ihercy bond would have no remedy. ] co ’\I‘)l)l' \ NEWS WIRED S NORTHFIELD. “lina —Lashbrook Inka ~esi L ventrolil protected by a mortgage on ce purebrad Holsiein cov. ow by A. revenues of those zovernments | J. Lashirook. near here, produ mpl - hecause lenders will not take 20.68 pounds= of | the chonce of A loan under The necessity The cow produ in the week. the peing 09.7 pounds. ‘ record ior A i is considered do is to bring sift in court. and if ! ihe horrower is able to pay a jude- | ment the lender gets his money back, otherwise not | Now it Is at once evident that a se- There fs ©thing upon which he can foreclose. Of course, it is unthinkable that the United States ( rnment should fall to keep its pic we i Whenever there is the slig! st doubt | | about the matter security becomes im- portant. ¢ instance, the bonds of certain newly established European countries in the ¢ < sign of e se of a redit weak- 50 utrong | Minnesota cow | iy Hinnesots COW N | o ey do not have to zive secuti LOF for their loans. but they compara- y ST o tivelr few. The rule is to give the ATLANTA. Februars 22— Spring rence to the serured loan of a buying has gotten off to a good sart | opporation, but. to o cautiously in the local stores, aided by vy 1z Furnit month have hroke newspaper advertisi sales of the last all records. HOUSTON, Fehr with 100 refineries with ity of 533,000 barrels, le States in the numbar of oil according to the Bureau of Mines. SACRAMENTO. Three large comy for the sjinach pa thout April 1. small pack 1 expected and about ha the amount estimated tracted for already PITTSBURGH, February Jnllls are now making a ary 2 will open | cording has been con- 1 sell a bond inz something first. 1926, hen a government ¢ only by mort “w re nl Chairs Once Scarce. . with their standare icient alds to com- pify clvilization hniz else, be- and only toward ized designs 4 ort and movem nts ‘m much as does | Chairs, whi ‘ « me popular in Ing he end of the Jacobean period, ac- to Walter Rendell Storey, A | writing in the Antiquarian. It | “An inventory.” he . “taken in | 1624 at Gilling Castle, Yorkshire, men- 3 ‘nona only two chairs, although there were 35 stools listed. Even in 1669, 2.—Wire [ when Charles 11 _entertained Cosmo 60-day_nail the Third, Gl'and Duke of Tuscany, at modifica- | investment se- | < come. it i€ now in order to say | THE EVENING STAR, WASHINGTON, D. C, THE COMIC OPERA LIiBRETTIST | 1 ! HERE , TAKE Vs | S o WAESE ROYALTY CHECKS AMD MAIL ‘erm To THE BANK My 175 FooT vACAT Y MO, ~NOT FoR SALE. '™ USING ITAS A TEMDER Yor my BIG BoAT SHAV Any Old Job Looks Better to Me Than Mine. SeELL A RADIUM AT 396 AMD Buy TRWENTy FIvE Hu! \F CO! VRoPs To 312 “oy Twe Thiov wl WeLt, SECOMD ACT 1D SHAE berov\r, ALL R6HT BUT NEED o::e COMED ¥ MONDAY, —BY WEBSTER. THOLSAMD CONSDLIDATE D NDRED AMALGAMATED RIET, I~ G SOAP AT THE MA NTINEM TAL COOW. STOVE - PVE GoT To WHiP THE 1 SALL, THE Howmu™ ! WHEEZE S 1T ! \ CAam USE. ! CHAMRGE & ‘e o e <\ Copr 1926 (N. Y Vorld) Precs Pub Co.” HEVE ARE A COUPLE OF oo® | T s MAGAZL Ao H,M-J - weRD © We BRAINM WORKER S HAVE BEEM GIVET! A RAW DEAL BY FATE, ) WSk 1D GOME For BuRGLARY OR Pocet Fickame 1M AD OF WASTING ([ Ary TALEMT ord TS L—,\\ GAME OUTLOOK FOR STOCKS | 'HELD VERY UNCERTAIN | NEW iecial) HAVE Pric EXPORTS VERY LIGHT. BALTIMC cial).—Expo February FEBRUARY with $496,000,000 in 1925 1926. UTILITY FINANCING TOTALS HUGE SUM, Record Number of Mergers Seen in 1926—Voting Rights Held Vital. 22, BY J. C. ROYLE. 1 Dispatch to The Star b W YORK, February = financing by public utilities corpor: tions In 1926 is expected to approxi- mate $1,700.000,000. This compares New York e alone authorized the issuance of in public utility securities and this «um probably will .»x.mmx by a wide margin this New he demand for gas and electric - is growing constantly. New customers in New York State are ba- ing added at the rate of about one thousand a day. The consumption of electric current throughout the coun try, which totaled 59,617,000,000 Kkilo watt hours in 1925, is expected to in- crease to over 65,000,000,000 kilowatt hours this vear. Consumption of man- ufactured gas in 1926 was 437,771,000, 000 cubic feet, and probably will ex- pand 10 per cent by the end of Decem- ber next. This tremendous demand is pushing the gas and electric business toward consolidation into unified systems. Merger Views Differ. In view of this fact and the huge volume of securities which will be offercd the public in the next 10 months, there is a wide discussion of the advantage and disadvantages of mergers and of holding companies. It is notable, however, that opposi tion to these unifications is directed not so much at their use, as at their abuse. Consumers expect and have a right to expect service from a public serv- ice corporation. Assurance that this service will be rendered them in spite of outside conditions or untoward | circumstances has seemed essential to ! tinued expansion of customers. | This has been u factor in the m»rgingi of utility companies. These have en abled plants to supplement each other in the rendering of service to cus | tome here has been widespread gain in operating efficiency as a result of some of these mergers, with a corre- =ponding widening of net earningss| ere hax been a sharp demand for | lower rates o the part of consumers xome reductions have been made. | The effect of the mergers so far, how- ever, has been toward stabilization unification of rates rather than sharp decreases. and and | ssing these 1 of utility mergers stoc P el soatiele vt Mongagebond‘ | Fina1vial and Trede Factors J““‘NEW YORK'S MABKET CLOSED. of el of .‘-,\:,‘\1‘1‘5113‘7' o or wrtte s‘“ :}"'“ Now Are Puzzling Wall o s o = SR i ,,fl\, . Street. i i Money to Loan {50 rows 0 TNy INVESTOR IN 53 VEARS } ance of Washir As it 3 == . BY STUART P. WEST, a legal hoilday, the banks also did Jogephl Weller | Speiial Dispateh to The Siar YORK. I 1 4 «hance me coun eS%in ! commod at the by we The steel reports hav pointing and the 1025 | lished by Baldwin Loco jauced a pessimi feelin {the railway equipment I is ano’h iking example of | dictions made six months ago i etilement of conl strike | has. of course. heen svorable in- || cident no effect in || the gener Neither have || Do dey ¢ in Washington i conneet v tax lesistation. {On the whole, the market faces the || present week in a very uncertain || position, . CHICAGO LIVE STOCK MARKET CHICAGO, February 22 (U, S Agriculture)— logs, receipts, 40.- 000 15 to mostly 25 lizhter weights advanced 350: shipping | {outlet broad: packers doing litle {to 300 pound butchers largely 11 12.00: bulk de: pound averages. 12.2 sorterd 180 pounds down. top 14.0 nds he vy medinm Hght 9.90a Dept. {of 1130 pounds up. packing sow: X ughter pigs. 13.50a14.00 Cattle receipts. 19,000: fat steers Islow: uneven: about steady: ng {quality rather plain: hest heavies [11.25; vearlings. 10.85: stockers and feeders strong. she stock fully stendy | Bpots shade hizher: bulls strong to | [10c higher: vealers steady to Hower at 1050a11.50: few medium Hights downward to 1000, Sheen re “(hl" 15.000: killing classes ce: fat lambs strong to : mostly 25e up: early hulk, 13.00; top, 13 few Plipped <. 11.00: severnl decks of fat [ewes ' strong at B.50a8.60: asking | higher on feeding lambs: no early sales. ISSUES TOTAL $193.000.000. W YORK. Febrnary P).— Transcending in interest all develop- iments in the hond market last week | was an expansion in the volume of new financing o $193.000,000, the | highest total of any single week In more than a v . LEAF TOBACCO MARKET. | | BALTIMORE, February - o ~Sales of Marviand leaf th cCo eek totaled 175 hogsheads, while | < amounted 1o 117 hogsheads, ! leaving a stock in the State tobacco | warehouses of 6,492 hogsheads against | 787 hozsheads of ground leaves. | Quotations today for Maryland to- bacco per 100 pounds: Interjor and | frosted firm leaf, 4.0029.00: sound com. | receip! mon and greenish. 10.00a15.00; good | common, 16.00a25.00: medium. 26.00a 35.00; good to fine red. 36.00253.00; | "faney. 5 ommon to | medium. z00d to | {fine. 31.0 0: upper country, air ! cured, 8.00a40.00; ground leaves (new), | 15.00a26.50. [ ~ Generally Speaking. ! From the Toronto Globe. ) The professor was asked to give his definition of woman. his After clearing in hiv leisurely | generally speak- thrat he began is, rofessor,” inter- f you talked a rupted a lowbrow.” ontract at the old price of $2.75.| dinner, the only chair'was that pro-|thousand years you'd never. get any. Tin plate operstions continue heavy. vldad for the guest of hombr.” 1 nearer to it than that.” not wpen for business, BANKERS BUY UP STOCK. ) Before You Invest It's queer how after he's lost h that & v are soon parted ) L h had red NEW YORK. February wnge during the I W, York and Chi f iy a0 month | purchased < the anticipa- | Co.. manufac vined a1 -the firsi of the rding the business situation wre than ever he vied ankers ! ta braid, e ub N at money. Abe Wwho is n + expected nal Niles, Bl — FlRST MORTGAGES Money at { Very Desircble Conditions Granted Tyler & Rutherford Loan Correspondent and Guelph, On : Mutua! Fenefit Life Ins. Co. v Newark, N. J. estigate, ul a man can | 1018 Vermont Avenue : Phone Main 475 ntoand his g ) Over a Quarter of a Century's Experience Main 2100 SAUL CO. For More— than a quarter of a cen- tury our property man- agement metlrods have saved money and made greater earnings for own- ers of Apartment Houses Stores, Office Buildings. Houses. We attend to every detail with experi- enced thoroughness and seasoned judgment. Phone us to help you. 925 15th St. N.W. Spencer Said So! ATURE tends to weed out the unfit. formulated by This law was Herbert Spencer, the great sociologist of the last century. Perhaps the working of the law is not so apparent as it was in caveman davs, but— the man who invests in our First Mortgage Notes at 6% per annum has a better chance for survival in the race of life than the man who invests his moncy in untested securities. vaartz%%;emélkmev& 727~15. Street NW ‘Washingron.DC. 56 Years Without Loss to An Invetor yth & F N.W. | tEDERAL-AMERICAN NATIONAL BANK I RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President Prompt Action First Mortgage Loanl | Lowest Rates of Interest and Commission | Thomas J. 738 REAL ESTATE LOANS AXY AMOUNT 51/2% APARTMENT HOUSES BUSINESS PROP £ OANS AT LOW RATES FRED T. NESBIT TMENT BLDG. Main 9392 . Continental Tmst Compmy Capital One Million Dollars 14th & H Streets Bonds 0dd Lots Carried on argin Buck & Company | —BROKERS— Established 1918 { 312 Evans Building 1 1420 N. Y. Ave. N.W. Tel. Franklin 7300 Direct Private Wires to New York We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. 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 protection. 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 her & Company, Inc. | 15th Street | FINANCIAL. bonds to the country, many misuses 9! the systemn have been pointed out. The chief danger emphasized is that impending 10 purchasers of non® voting stock and to minority stock. holders, It was pointed out today in this connection that the chief cause of the war with England, which Gen. Washington led, was the fact that the colonies had no vote in handling their own affairs. It was made clear that If @ group of capitalists secured control of a concern for say $25, 000,000 in mon-voting stock, and re- served for itself the issues carrying votes, with complete control and power to wreck the concern, if de- sired, it created a dangerous situa- tion, Must Have Public Support. Clear-headed bankers agreed, but said that the best protection for the public lay In the hands of the public itself, and that such a game could not stand if the old legal maxim “caveat emptor (lel the buyer be ware). were followed. They stated that the companies in the end had to g0 to the public for their needed funds, and if the public refused to buy steps must bhe taken to make of- ferings meet the public’s demands. They declared further that minos ity stockholders could wield Lremen dous power in any corporation in which they held veting stock, pro vided they knew their rights and in- sisted on them. just as voters had the power to redress political abuses if they took the trouble to registes and vote. EMPLOYMENT FALLS OFF. CHICAGO, February Special). Industrial employment in Chicago is seasonably lower, with the decline set at 14 per cent. The was in the metal ing apparel plants what. hief falling off industries. Wear picked up some Il have a Honolulu lic ;.mr course. 100-acre pub OLDEST NATIONAL BANK IN DISTRICT OF COLUMBIA Organized in 1814 —but a few years subsequent to the establishmen the present seat of the Federal Government, The Metro- politan has been a constructive force in fulfilling the great destiny predicted for the capital, by its illustrous founder, George Washington. You're invited to join forces with this historic bank for muhm[ advancement. 41 ru| 112 Years O (L1 (1] (el 3% Interest Paid on Savings National Metropolitan of 12 Years oid Bank For First Mortgage Notes 143 Nearly Two-Score Year O A Saunders Co.= Founded 1587 3 K Street—Main this orgarization has been known and respected for its in- tegrity and depend ability in business transactions. 1016 Offers On Improved Real Istate FOR 3, 56 OR 10 Houses JOHN JOY EDSON, President Organized 1879 Assels $5,031,814.86 /™ \ SHARES 32.50 PER MONTH It is this 713, The New York Life Insurance Co. First Mortgage Loans and Nearby Suburbs in Montgomery County, N VA A ON APPROVED SECURITY Apply RANDALL H. HAGNER & CGOMPANY' MoRTGAGE Leoan 1321 Connecticut Avenue The plan has helped hundreds to buy homes, You'll lfke our plan. 915 F Street N.W. to Make in the District of Columbia Maryland YEAR PERIODS. Apartments Office Build: GORRESPONDENT Telephone Main 9700 Equitable Co-operative Building Ass n FRANK REES 16th YEAR COMPL) Surplus $1; Subscriptions for the 90th Issue of Stock Being Received Save fer a home system- atically through the Equitable Equitable’s systematic savi a plan used hy those who have higher things in mind. Join te EXAMPLE Washington —Ilike other conservative financiers of his time recog- nized the merit of First Mortgage Investments. First Mortgage Notes on Real Estate in the cit United State¢—Washington—are They yield an annual return of named after the founder of Dependable 6%2% Investment Department ‘LUCHN 715 and 717 14th St. Main 2348 INC.