Evening Star Newspaper, February 23, 1926, Page 27

FINANCIAL, COTTON IS WEAK INTRADING TODAY Favorable Weather for Farm Work and Plenty of Spot Cotton Are Factors. By the Associated Press. NEW YORK, February 23.—Cotton futures opened steady. March, 20.25; May, 19.68; July, 18.98; October, 18.14; December, 17.75. Although the local cotton 4narket opened steady today with first prices three to seven points lower, it soon developed considerable weakness, May easing off to 19.59 and October to 18.12, representing declines of 4 to 9 points under the previ- ous close. The smail number of notices of in- tention to deliver on March contract offset to some extent the weak Liver- Pool cables, but pressure increased, sentiment apparently favoring the bear side of the market in view of the favorable weather in the South for farm preparations and intimations that upward of 15,000 bales either were on the way here or in process of I;“vipn\(‘nl for delivery on March con- racts. Spot houses continued to sell March and buy M There also was mod- erate New Orleans selling based on unsettled spot markets and reports of a slack demand for cloths. New Orleans Quotations. NEW ORI S, February 23.— Cotton futures opened steady; March, 18.40; May, 19.00; July, 18.45; October, 17.52; December, 17.50 bid. The market opened easler as Liver- pool was lower than due, first trades here showed losses of 4 to 6 points. Prices cased off right after the call, March trading down to 19.38, May to 18.99 and October to 18.44, or 7 points below Saturday's close on all vositions. Today was first notice day in American markets for March de- livery. Notices for about 2,000 bales were issued her and for only a few hundred bales in New York. The notices, however, did not affect prices. Noon Cotton Prices. NEW YORK. TFebruary 23.—Cot- ton futures, 11:45 a.m.; bids steady: March, 20.17: May, 19.81: July, 18.98; October, 18.14; December, 17, NEW ORLEANS, February Cotton futures, noon blds March, 19.39; May, 18.95; Jul. October, 17.51; December, 17.47. 23.— MOTOR WHEEL'S NET. NEW YORK, February 23 (#).—Mo- tor Wheel Company reports net in- come of $2,502,027 for 1925, equal after & per cent preferred dividends to $4.32 a share on the common stock, com- pared with $1,800,093 in 1924, or $3.75 & share, William E. Marshall Dies. FREDERICKSBURG, Va., Febru- ary 23.—News has just reached here of the death In Silver City, N. Mex., on Saturday of Willlam E. Marshall, aged 40, formerly of this city and Colonial Beach. He conducted a drug store at the latter place for several years, un- til he was forced to go West for his health. He is survived by his par- ents, Mr. and Mrs. U. D. Marshall; his wife, Mrs. Mamie Timms Marshall, nnd brother, Archle Marshall of ‘Washington. Park @ifts Pouring In. Special Dispatch to The Star. FREDERICKSBURG, Va., Tebru- ary 23.-—Citizens are making quick and generous response to the cam- paign for funds with which to pur- chase land for the site of the proposed Shenandoah National Park. Under the direction of F. M. Chichester, re- gional chairman, and C. O'Conor Goolrick, in charge of speclal gifts, about $5,000 already has been raised of this city’s quota of $15,000, al- though the drive does not actually be- gin until Friday. There is little doubt but that Fredericksburg will exceed its quota, Washington Sfock E;changel SALES. g ashington Gas Light—10 at 73%. 10 at ““Lhiston Monotype—10 at 821 . Ngrehants” Transter & ‘Storase’ com—10 at 131 AFTER CALL. 37 Co.—1 ), ,.St{#‘:‘g"{"‘:‘fi“ Tt 3% A Ly 17’ é at ) 4 otomac ‘Electric Pow. ptd—2 at 108%. Money—Call loans. 5 and 8 per ceat. Bid and Asked Prices. BONDS. PUBLIC 2 American Tel. I Georgetown Gas Fotomac Elec. potomac Elec Potomac Ele El Pow. MISCELLANEOUS . C. Paver Co. 6s.. Dot ol stk Ld bl W (o1d lorags Wardinan Par Hotel Ge. STOCKS. PUBLIC T American Tel. & Telr: Capital Traction... .. et n- Rwy. & Elec. con Wash. Rwy. & Elec. pid- NATIONAL BANKS. National Capital. <3 Columbia ercl Fiveorn incoln National Meiropolitan. Rixes erchants. Naflonal sas” e Lows & ' SAVINGS BANK. Commerce & Savin ot Washington Einyy Sav: & C Seventh Street. United States. Washington American Corcoran . lumbis ... . toal Eetats Tiile. pree Miss Daisy P. Teeple of Detroit is a lumber expert and sells about $1,000,000 worth to dealers every year. THE EVENING STAR, WASHINGTON, D. C, TUESDAY, FEBRUARY 23, 1926. NEW YORK CURB MARKET Recelved by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, February 23.—Con- flicting changes again characterized the trading on the Curb Exchange following the resumption of business after the holiday. The most notewor- thy incident, however, was that when- ever bids were raised plentiful offer- ings were supplied and the general tendency was toward slightly lower levels. There were one or two excep- tions, but the general body of stocks did little one way or the other. One of the outstanding features Wwas the strength of Centrifugal Pipe, which was up over a point most of the time. Buying followed the an- nouncement that a member of the Rheinelbe Union had accepted the NEW YORK, February 23. 1- lowing is an official list of bonds and stocks traded In on the New York Curb Market today: Sales in s, N (B o Lok B 1 200500 1Gen Pet b 2 Grand Trunk 81 B Inland “Steel 51 4lnd ol &6 ¢ Soexcosnos 2 R B350 o X 7115 DA £ DB B FA RS R RS SR G Pet 64. Qhlo Ed 6s A Lt 5g 82 484 g L1 &7 4 > [ a SRIEEEE SR P hulte 4 B INO, e 23538 F R saras 5555 32m00 50" ¥ 225253555 a ERFEt [P $3233 2385 GESLPEE SHES A e 30238387 TS CaE S T s, les GOyt 5}, . Watrba B840 883 Salesin STANDARD OIL ISSU! oo & - PEEAR S8 100 Gal Six Ol 400 Humble Oil & 300 Hum O&R rts wi 2011 P L..... 2000 :m§ 21 0 48t Sales in hundred; 21 A 8 XY 0 Ohio 0 Calit new acuum Ofil. wREF Sceaome 00 S D D RO H RO ID IO 5 D13 S 22 DX BOD 1= PR RRERSE RS a8 Of r Oil Corp. . . elter Foster Oll an_Con. .. t Creek enezuelan Pet. s vt flcox INDUSTRIALS. sasemey ¥E . & Fo S o » tenis sicoouminoooaBaSs G I SO AB B B IO BSOSO R SRS BBEE P L .. owgdd ey 5351 3 > 3 9 DI A DDA - RIRSERIRI & & OF = Tyt BBE 1111 £55143 i & A SR Bt > 578 FPE & S 10 13% IR > 2> 5% “Why gamble your capital— Simply to gain Experience?” OUR Executives will be glad to give you the advantage of twenty years of Profitable Invest- ment Experience. you how capital can be safely placed First Mortgage Washington *-al An Annual Income of 637 Investment Direct to The Star Office terms whereby it will take out a license to manufacture cast iron pipe under the de'Lavaud process. These patents are owned by the Centrifugal Pipe Corporation and will be let on a royalty basis. The oil shares continued to_ act dieappointingly to those who have been long of this class of stock for many months past. Considerable interest was attached to the meeting of directors of the Ga- lena Signal Co., scheduled for later in the day. Galena Signal at one time was up a point at 28 while the preferred, both old and new, did little. In quarters close in touch with affairs of Galena Signal, an impor- tant announcement at this meeting concerning developments was ex- pected. 13Brill A wi.. ... 7 gklanCny RR 2 Bul Niax E Pow; 34 34 Burr Ad M nw pf 106 5 Can D Ale 1 4834 ® Sug. 855 tos El n. 32 ip Cor.. FAR R 8 o Szt D e TR PSS FEE ”{{* s loj———la|———]0] - S w 3OS SROR B R-15 & 2 BROAS DIB TS FIE WNSIEIAE RIS Ford Mot C 3 Foundatn 7 Fox T) DEL AN ERR DR R} o, 19 19658 Sn 1spoes B TERFLSIE ey SRS o B306 Fouzie P3R5 5358030. P ) ntern Uil B | ohns-Manville elvinator G . And{\\' e ¢ dover Ho 'C'A Co Fla .. o = N oSt ey ooy RIDP 13Dt 136 HOOIARNG e 20 e L 3 DA BB B0 LRI LS DB SO BIIOFHDDES ¥ FRE P FR SEEE SN R EF S o= 22 RZRLL BEEY ¥ 3 new 7 Mohawk Hud P. 2 o Master. f NJ11 ek 72, 1o A1 D ool EES TS RS Gty 3 zh = cssziooon 1haea S 5 o5 Sou Cal new South opeaoiieacs! ) in Notes Secured by = [ EBascsromrnic RO et BN D = o 1212 BT 5 miiorie [ O CRR DD v ot t & He n. U S Rub Reclaim 1 wnfl‘ Slwcx [34 3 n g Co { Yellow $a0 RY 6 MINING STOCKS. OO vl oo 0 Sonks 3 3 S BE R TR R E EA2R ettt R PR 7N 255383005 52005533 PR F i3 & woSalscnd: T2 & & FHE PARIS, February 23 (P).—Prices moved irregularly on the bourse today. 'Three per cent rentes, 42 francs 45 cen- times. Exchange on London, 134 francs 45 centimes. Five per cent loan, 55 france 85 centimes. The dollar was quoted at 27 francs 66 centimes. — Have You Been Stung Yet? Some men have to get stung good and hard before they learn to be cau- tious in making investments. Before you invest—investigate! They will tell Estate and Paying LOOSE-WILES’ 1825 NET. NEW YORK, February 23 (P).— Loose-Wiles Blscuit Co. reports net earnings of $1,413,095 for 1926, equal after first and second preferred divi- dends to $10.39 a share on the com- mon, against $1,177,20¢ in 1924, or $7.42 a share. Profit and loss surplus increased to $5,015,808 from $4,184,- 298 the year before. FILM FIRM'S BEST YEAR. NEW YORK, February 23 (#).— Universal Pictures Co., Inc. reports its best year for the fiscal period ended November 7, 1925, net earn- ings avallable for dividends amount- ing to $1,025,606, equivalent after first and second preferred dividends to $6.18 a share on the common stock, against $6.62 a share in the precedin; 12 months. Gross income was $2 823,526, compared with $22,779,924 in i POTATO MARKET STEADY. CHICAGO, February 23 (P).—Pota- toes trading falr, market generally steady; total United States shipments: Saturday, 660 cars; Canadian, 14; Sun- day, 71; Canadian, 19; Monday, 149; Canadian, 15 cars; Wisconsin sacked round whites, 8.65a3.80; few fancy, 3.90; Minnesota sacked round whites, 8.6003.76; Idaho sacked russets, 3.85a according to quality. Receipts, cars. BUTTER UNCHANGED. CHICAGO, February 23 (P).—But- ter unchanged; receipts, 15,541 tubs; creamery extras, 43; standards, 43; ex- tra firsis, 42a4d%; firsts, 40%cad13%; seconds, 37a39%. Eges, higher; re: celpts, 33,992 cases; firsts, 26%a27; or- Sinacy Srts W, Money to Loan e 7, 89,3 s e Joseph I. Weller $35 Vi & Trust Bidg., Oth & F N.W. 4.10, m EEEEEEEIEI Capital and Surplus, $3,000,000.00 Deposits invited in any oemount — Same Rate of Interest Pald on Small and Large Accounts. National Savi 59th Year Cor. 15th s X AN NN NN RN EN MG AR NN NN AN A S ZAST ARSI ZASTZAS | | Oldest Savings Depository in Washington and New York Ave. Let us counsel your business property vestment. in- We have several buildings on which we can show very inter- esting figures. Hedges & Middletonk REALTORS 1412 Eye St.NW. Franklin9503 SN/ N APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Lecated in the Distriot of Columbia and adfecent Suburbe in Montgomery County, N8 1 2 % INTEREST rfl'pply ve H. L. RUST COMPANY LOAN CORRESPONDENT ®ée PRUDENTIAL INSURANCE COMPANY ¢ AMERICA 912 15¢h Strest N.W. —are Without o Department 713, 715 and 717 14th Street Main 2345 SAUL CO. INVEST IN FACTS Entrust your funds to securities that give you absolute protection. Our 6Y29% FIRST MORTGAGES real estate. gage is only approximately half * the actual appraised value of the property. Two dollars sound realty security protect every dol- lar of your principal. investment safeguarded by improved The First Mort- 925 15th St. N.W. | FINANCIAL. First Trust Money ON HAND —Auvailable for Both Building Loans and Completed Properties Reasonable’ Interest and Commission JAMES F. SHEA 643 Louisiana Ave. N.W. Small Loans To Arlington ‘flu"fizfig""“"’ Money advanced within 24 to 36 hours i after appHeation L. Garland Kendrick Clarendon, Va. Clar. 422. ESTATE, LOANS | AN e 514 % RESIDENCE LOANS AT LOW RATES | FRED T. NESBIT | INVESTMENT BLDG. Main 939: Rhine-W estphalia Elec. Power Corp. (GERMANY) Direct Mtge. Gold Bonds 7% Series Due 1950 —LOANS— 1st TRUST and CONSTRUCTION MONEY ON HAND The National City Company N. L. SANSBURY CO., Inc. Washington—741 15th St. N.W. 1418 Eye St. N.W. ¢ Telephone—Main 3176 Malin 5604 This corporation and subeld- iaries comprise the largest eloc- tric light and power system in Furope. Net earnings for fiscal year en June 30, 1925, were $7.702,.267: nual fixed $1.055.000. present an: charges requirc FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President Price to yield about 7.35% Send for compiete circular PRINCIPAL AND 6% INCOME POLICY The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland FOR 8, 5 OR 10 YEAR PERIODS. 5%>% ON APPROVED SECURITY Apply . RANDALL H. HAGNER & GOMPANY" MORTGAGE LeoaN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 fliaranises the Hincipal Payabs n 3 SI" of birth 1 ance. of self und beaeficiary for rutes N. E. ELLSWORTH, Gen. Agt. AETNA LIFE INSURANCE CO. 801-6 Woodward Blds. FIRST MORTGAGES Money at 517 Very Desirable Conditions Granted Tyler & Rutherford Loan Correspondent Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Avenue Phone Main 475 Houses Business Properties Apartments Office Buildings Life Insurance Company of Virginia Incorporated by the Legislature of Virginia in 1871 JOHN G. WALKER, President Financial Condition December 31, 1925 ASSETS Bonds and Mortgage Loans on Real Estate..._ ... Railroad and Street Railway Bonds. United States Liberty Bonds State Bonds Municipal Bonds Miscellaneous Bonds Real Estate Bank Stocks . Loans on Company’s Policies................. $ 37,890,420.81 639,584.25 856,863.44 5,338.00 18113.30 144,137.75 2,203,608.11 24,375.00 2,547,926.41 777,642.38 45,530.54 729,716.26 679,411.15 Cash in Offices and in Banks Not on Interest Interest Due and Accrued B Net Uncollected and Deferred Premiums and Premium Notes and All Other Assets. Total Admitted Assets LIABILITIES Reserve on Policies in Force as Computed by the Actuary § 37,470,952.00 2,469,140.25 Total Liabilities ... _.__ $ 39,940,092.25 Capital Stook ... ~$3,000,000.00 Surplus SRS e e iy Surplus of Assets Over Liabilities. ... 6,622,575.15 Total .. $ 46,562,667.40 ‘We have examined the books and records of the LIFE INSURANCE COMPANY OF VIR- GINIA for the year ending December 31, 1925, and have verified therefrom the above Statement of Assets and Liabilities at the close of business at the Home Office as of that date. We have examined and verified the Bonds and Mortgage Loans on Real Estate, Collateral and Policy Loans, and Railroad, United States, State, Municipal and other Bonds, Stocks and all other investments owned by the Company or held as Collateral, and have proved that all of the Bonds and Stocks are carried at their market value on December 31, 1925. We have counted the Cash on hand, and have verified the balances deposited with Banks and Trust Companies. Hhe Reserve on Policies in Force and other Actuarial Lisbilities are certified by the Actnary of the Company. We have satitfied ourselves chat all other Lisbilites are duly provided for, and we certify that the above Statement of Assets and Liabilities correctly sets forth the true financial condition of the Company on December 81, 1925. H. B. BOUDAR & SON, Certified Public Accountants. Richmond, Virginia, January 26, 1926. Statement of Operations During 1925 GROSS INCOME ... ... EE— s reeeineenenn . 12,828,556.24 INCREASE IN GROSS INCOME —$ 109189899 INCREASE IN ASSETS.. 504138423 INCREASE IN INSURANCE RESERVE. 3,753,431.00 SURPLUS ..+ 3.622,575.15 INSURANCE IN FORCE. TOTAL NUMBER OF POLICIES IN FORCE. INCREASE IN NUMBER OF POLICIES IN FOR! = 44,032 DEATH CLAIMS, Erc, PAID TO POLICYHOLDERS.S 3,392,156.76 Total Payments to Policyholders Since Organization $39,176,371.91 $ Growth of the Company Since 1901 Gross Income | Assets at End for the Year of Year, Insurance at End of Year —$ 29,845,450.00 49,021,276.00 72,440,374.00 104,822,701.00 207,301,719.00 292,834,191.00 2,391,477.81 6,328,704.57 12,629,857.65 676,374 24,143,510.56 46, 939,050 1,177,042 L. L. Chandler, Dist. Mgr. 205-209 National Savings & Trust Co., Bldg. Washington, D. C.