Evening Star Newspaper, February 28, 1926, Page 101

IO BIG FACTORS IN BOND MARKET Weak Stocks and Stiffer Rates for Money Have Aided in Price Slumps. ar. | —Bond of the with the ul Dispatch to The YORK, Februa vielded the 1 hardening mone Which of tk tw wore influentiul it is impossible to but the matter is not ver ant the declines, as ly investment issues & too small to be o from the long range por for e setback was de and specu- nd it showed to some v group. Here, | ns could not cause the high eign bonds as @ group them immune to fluctu- fons in interest charges. Nor was the any news from aboard to ¢ L e H rd to Explain. . for example. h had stood » weakness sell off excl quotations itself Ilied, but they did just that se, French bonds are not pical of the foreign invest- luhl and it may be that they 1y reflecting the cumula- { the uncertainties of the financial situation vield which f 1fford rende 1 honds wh the exc eign and domes: as can be discover of new sec the large heen ¢ these ! there rities, notwith- amounts the ed upon to care new offerings musually inte Italian Hydrc in the latter part of iue fe: of this by the agreed to supply the service of has Some of nt for » Worry Over Money. to the money market, the ion is that the hardening this mporary, mostly due - month requirements until next month be. ions invult'n to in- s on the 15th : that comes | ¥ statement cderal Reserve Banks shov i for the sys. | expenses were $17, PEPCO MAKES GAIN IN MONTH'S NET Advance of $23,150 Over 1925 Noted—Unlisted Secur- ity Prices—B. & 0. Report. Despite increased deductions of more than $20.870 and a loss of $7,015 in miscellancous income, as compared with the same month of last year, the Potomac Electric Power Co. reported net income for Jan of $283,032, a gain of $23,150 over 1925, according to monthly statement filed with the Public Utilities Commission. Deductions for the perfod, amount- ing to $172,405. were enlarged ac- count of a higher income and by greater requirements in the matter of real fielnlt- axes, a gain of su»u 3. while up!‘r.lunlz -, amount- ineous in- come amounted to $9,02 Street Car Operations. Operations of the Washington Rail- way and Electric Co. in Junuary relatively even a same month of 1 increase of Net of the carrier totaled §: deductions were lessened to the extent of about $14,000 through a reduction of fixed charges due to bond redemp- tions made in the interim. Operating revenues amounted ta $403,066 during the month, as against $40 2 me month one vear ago, while operati lightened from Deductions were for the respective months. The City and Suburban ro ed a net income of $6.585 $7.770 the same month of 18 erating revenues amounted to $9 and expenses and taxes to §7 The Georgetown and Tennallytown iine reported a net of $351 deficit of $38 ing revenues and expenses to ollowing lat 1" prices for unlisted securiti juoted for the guidance of holders of these issues: BONDS. Asked U and | & in_discounted | D) r than it was | N there was a w York banks » had been the | 1 traffic in the weather con ntry parts ions in other the cou to contend wi Traflic. is Progress s the motor statement not unimpor BALTIMORE PRODUCE. BALTIMORE, I clal) "he general rules steady to firm under a i ent on most_lines, centered on la turkeys draw t rules steady ruary 27 e poultry market but fat stock ng to a close under modera mand princiy nd poor 1 crooked br pounds a d at 40 < and 42 fairly active thin’ your mand Der old hens ha and med nd for some exte sells equally hens at 27 and leghorns bi 7 pounds and o ot with ready m_stock e fat old nder moderate each for young or old of th eceipts York. I wpons wing a stock Receipts have been r hast week and and ir s buyers o both potatoes are more more easily s rules quiet at 4.00ad 5 004,00 for « and yams v stock, mand at 4.50a5. the former and 3.50a4 ter. Culls and No. 2 will not bring over 2.00a3.00. hampers of hoth sweets hetter demand at 7T5u2.2 ity and c ion. With E ern vegetables searce and 1 es for New York and Western ste fve and nearby garden truck continue in good de- mand with prices well maintained at wing quotations 1 pounds ar s, Sweet potatoes dry, fanc - the howe: Bush and yams in as to qual oyster snips, 65 190 bushel: bushel: tur plants, .00 per 100 a75 basket; spinach, 60 savoy eabbage, 75a1.00 nips, 20a35 basket. BUTTER PRICES HIGHER. CHIC higher; . Fehruary receipts, 9 —Butter, B. & 0. R. R. Earnings Jump. The preliminary report of the timore and Ohio Railroad for shows net yme of $20,793.508 afte taxes and equal ter pre- ed dividends to $12.14 a share on 08,077 1n WEEKLY BANK REPORT. NEW YORK ). —The actual condition of clearing ks and trust companles for the 3 erve of $4.674, January last ye Februa 2 reas $17,284.310 compared with wh > aggregated- $21. NEW YORK FLOUR PRICES. YORK, February 72 and hard | 9.00; soft Win: ter straights Rtye, f.o.b 2 western, 1.01% New York and 99 export. Bar malting, n85% c.lf. New rd firm; middle west, 15.00a 15.10. CASH GRAIN MARKET CHICAGO, February vheat, none. Corr imothy se 25.00232.00, FOREIGN EXCHANGE. NEW YORK, February Foreign exchanges irregu tions (in ts): Great Britain, mand, 4.85%; cables, 4.85 1-16; 60-day bills on mnk~ 4.817. nce, de- mand, 3.6 Italy, de- mand, 4013 cable 0 I mand—Belgium, 4.54 Holland 2 land, Poland, Jugoslay mant zil, 14.67 Montreal, Tolio, 9954, «r‘. \hm;.lhn .4* TOURS. BOVELLO’S ,nves .5.';‘.!15.’.;‘ THIRD TOUR From mn\ B. lmn 1128 Girard St. YOUR T6UR : Syring and Summer Sailings March, April. May. dune, July August EUROPE or the MEDITERRANEAN or short tours of all pert leadership— Informa- Long grades under o limited membership. tion without obligation 109 Investment nldx ‘ashington. D. Phone Mali 1120 Clark’sFamousCruises BY CUNARD LINE B1G NEW OIL-BURNERS at rates including hotels, guides, drives, fees. NORWAY voirerranea MEDITERRANEAN 53 DAYS, $550 to $1250 ss**LANCASTRIA''June30 Includes Lisbon, Spain, Tangier, Italy, Riviera, Swedenp Nonny F]ords: Scotland, Berlin (Paris, London), re- peating 1925's great cruise success. Books now open for following 1827 cruises Feb. 5, South American a Mediterranean in Combination 86 days, $800 to $2300. Jan. 19, Around the World Over four mns., $1250 to $2900. Jan. 10, To the Mediterranean $600 to $1700. LSS, s Van Wickle Touriet i Frank G ork. |Mh i) uilding, New & ke house | and_Tourlst ey, 1420 “'"\’mw mfi THE SUNDAY STAR, HOW IS BUSINESS? Showing Current Business Activity Compared With Same Week a Year Ago GENERAL BUSINESS ACTIVITY for the country as @ whole, indicated by bank deposits outside New York, compared with th> same week of lust year. ACTIVITY BY FEDERAL RESERVE DISTRICTS Check transactions compared with the corresponding week of last year. Wansan City | Dallas |5 an. | I Chicago S AL DING BAROMETERS Showing trend of important factors. Present tread. Steady Increasing Increasing Steady Declining % Changes from year ago. 7. 8.3 4 Business in dollars (checks cashed) . Employment (Dept. of Labor) . Wages (Dept. of Labor) ... Cost of living (Ind. Conf. Board) . Wholesale prices (Fisher’s Index) | Agricultural prices (Dept. of Ag | Movement of goods (car loadings) .. Retail trade (Fed. Res. Board) . Wholesale trade (Federal Reserve Board) . Fallures (Dun’s) . Stock prices (Annal Stock market volume (shares traded) (Compiled and copyrighted by Cambridge Asso THE YEAR 1926 TO DATE ON THE WASH- INGTON STOLK EXCHANGE. +14 | it o Steady. Declining Steady Mixed EEmoa Lgl P viates, Roston. ) Furnished hv “ B Illhhs & Co. Up to and Including Saturday, February BONDS. Open. $3,000—C. & P. Telephone 1st 5 - 1004 ! 75.000—C. & P, Tel. of Va. 973, $4.000—Capital Traction 1st v & Suburban Ry. getown Lt. Slec. Pl\\\h‘r ‘h[ Close. 100 99% 100 86 9% 100 1001, | sales. 1001 56 98 10014 1001, 1071 10614 1001 1st 36,000—Pot. 6,000—Pot. 700— Pot. 500—Wash. 1600—Wash G oA—Wash. 1 £,500—Southern Bldg. Co. 3,800—Wardman Park Hotel 6 STOCKS. —Capital Traction . \ y . com.. Power pfd. . & Elec. pfd 2 Power int. receipt. wtional Bank. ,616—Wash Pot. Ele —Commerct —District ederal-American National Bank. Liberty National Bank A American Continental ] 30— Merchants Bank & National Savings & ~-Unfon Trust Federal Storag 55— Lanston \Iu) Merchants 7 H Merchants Tf i ergenthaler Linotype I e National Mtg. & Inv. pfd. orfolk and Washington 1—Security Storage .... 10—Washington Market ¥ UNLISTED D “hapin-Sacks §% pfd. Departmental Bank R Savings Bank. Thir . Trust & Storage pfd 10 = | $1,000—Metropolitan Club There is Enjoyment in Planning Early! A Cruise to Europe and the Mediterranean by S.8. “CALIFORNIA” of the Cunard and Anchor Lines —a superb new sister to the TUSCANIA., ['From New York equipred with many novel features. l JULY This is our fith consecutive Summer | Cruise—now an annual travel event of [| AUG: | MODERATE RATES Send for descriptive guide book Thos. Cook & Son 585 Fifth Avenae, New York, or Cunarg . S. Co., 1406 H St. Waihiagton, B . | . Independent Travel in EUROPE with— a wonder-working *“passport” You can follow your own ideas of where, when and how you wish to travel in Europe. The American Express Travel Depart- ment lays out a detailed itinerary, reserves and purchases in advance all steamship and railroad tickets at regular tariff rates. All hotel accommodations, baggage transportation, sleeping-car berths, reserved seats, auto tours, and all requirements arranged at prices varying with the length of trip and class of accommo- dations selected. A wonder-working ‘' passport” wherever you want to go. Many tours outlined in free booklet “The American Traveler in Europe.” Write now AMERICAN EXPRESS Travel Department Street, XW, \lulv;‘ 1200, Ext. 108. With a very modest dlturevoucan now take a trip to Europé g and professionai men and women.4 -llvhnm totravel lnlu;!‘unv.-n atnm'fiu happy, eco- Writ for boabies, “Vacartvn Towrs o Borope " AMERICAN EXPRESS ravel Department ~ 1331 G s«m W, X . 108. WatNGToN 9 Fxt- 108, _ Always can Espress Travelers Cheques {cloths and drills. WASHINGTON, D C, FEBRUARY 28, 1926—PART 6 CLOTH BIT CHEAPER. Prices Easier on Prints and Drills in Dry Goods Market. NEW YORK, February 27 UP).— Cotton goods were qulet today, with easing in prices reported on print Sheetings remained steady. Finished cloths were un- changed, with printed goods active. Raw silk markets were unchanged. silk_goods are expected to improve considerably in demand in the next few weeks. Burlap markets were closed for a holiday at Calcutta and were quiet and unchanged here. Fur- ther openings of worsted goods are being made and the markets as a whole are now generally well set for the new Fall business which is devel- oping slowly. WHEAT PRICES IMPROVE. Reports of Dust Storms Help Mod- erate Recovery. CHICAGO, February 27 (®).—Re- ports of dust storms in Nebraska add ed force to a new buying movement in the wheat market today, especially during the late transactions. The re- ports sald dry soil was being blown out and crop damage inflicted. Strength in the market, however, was chiefly on predictions of bullish vate estimates of farm reserves of GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) y " Kaitea. Gor 6L (w n) Ge 1014-18. goo'do ifodn a 161 180.00 WOOL MARKET STEADY BOSTON, February 27 (Special).— The raw wool markets closed the week steady, but with no great volume of business. Lack of demand in the goods market apparently has put a crimp in mill buying. For- eign wools, with their advantage of being under domestic parity, con- tinued to dominate the trade, falr quantities, particularly of Australians being moved. SPRING TRIPS 7o VIRGINIA BEACH Delightful — Week End Outings SPECIAL—Including Stateroom and Hotel Accommodations Friday to Monday $18.60 Saturday to Tuesday New York-Boston by Sea City Ticket Office Woodward Building, 731 15th St. NORFOLK & WASHINGTON STEAMBOAT CO. S WE In 8 Days (" routy thru_ book New VORK DIR!CT E comfortable | sine, Short points in a ontinent Risks Faom New Yok Droftineholm Grivaholm m %o, mode ext Stockpolm Mar. 10, Apr. 13 i SWEDISHAMERMNLINE}J:.";;‘,’.'; i Tncluding, exeellent ! berth meals, and OUTSIDE STATEROOM Running Hot & Cold Water—1st Class Only Autos Carried—$3.00 per 100 Lbs. SAILINGS ¥rom Balto. March 1, 11, Baltimore & Clroll::‘s S. Co. Tel. Franklin 130 MEDITERRANEA Special Winter Voyage By the luxurious steamship DUILIO st and fastest ollburner plyine between Now York and Tealy MARCH 11 Madelra—aibraltar—Alglers Nap! 08 Minimum Rate $275.00 Regular sailings to Italy Solembo (cabin str) . Avr. 10 May 10 vr. 24 ‘May 20 July la nnu-.l information -”ly- z - NAVIG| mung or Local Agents AZIONE 1 State St., New York nl!lln-f‘lnnll"m-n- ST etk STEAMSHIPS. STEAMSHIPS. STEAMSHIPS. {1338 H St., N.W. ‘ 5 ' GRACE LINE 10 Hanover Sq., N.V The ORIENT STRANGE peoplesin ancient cities—quaint customs—the exotic charm of the fabled East. A travel experience you'll never forget. Make your trip now via American Oriental Mail Line steamers where every home comfort is provided—all outside rooms, with beds in- stead of berths and most rooms have private bath. Cuisine and service alike are excellent. Deck sports, con- certs, cinema and entertain- ment features enhance the joys of the trip. §. S. President Jefferson 8. S. President McKinley 8. S. President Jackson 8. 8. President Madison 8. 8. President Grant Thesegreat21,000ton oil-burn- ingliners make sailingsevery 12 days from Seattle over the Short Route tothe OrientviaVictoria, B. C., calling at Yokohama, Kobe, Shanghai, Hong Kon.f and Manila. See your local steamship or tourist agency for complete details or write AMERICAN ORIENTAL MAIL LINE | ADMIRAL ORIENTAL LINE Managing Operators 101 Bourse Bldg., Phila. Sailings T ‘wice a Week Attractive accommodations. Orchestra Dancing. Racing and ail outdoor sports indelightful carefree Havana. Hotel ac- commodations included in rate. INTERESTING MOTOR TRIPS to all principal points of interest at no extra cost. Also 45-mile country tour. FAST EXPRESS STEAMERS Bailings every Wednesday and Saturday by Steamers ‘Orizaba” and “Siboney”. REGULAR FARE One Way $85 up Round Trip $160 and up MEXICO CITY | OneWay$105 Round Trip $185 MIAMI .30 *100 Adelightful route to. Florida resorts with stopover in Havana, Round, u-xp back to New - York: via Clyde $ For full in]mrbn qdflm: i - WARD of v Tel. WallStrest @p. John New Yark 4608 or any authorised Tour Agenoy COMPLETE SERVICE TO HATEVER kind of ship you prefer, whatever European country you want to visit, we can meet your travel re- quirements. We have in our fleet 105 steamers—a ship for every purse and plan. Book early for choice accommodations For Sailings, Rates, etc., apply to International Mercantile Marine, Co. 1208 F St. N.W., Washington Or Local Agents. S. S. “ALLEGHANY" and other steamers from Balticre every Tuesday, Friday, | Sunday, 6 P. M. to Jacksonville - - $30.96 | via Savannah. Also S. S. “Berkshire” every 10 days, from | Philadelphia direct to MIAMI $46.48 BALTIMORE TO BOSTON : twice weekly, $32 round trip. All fares | llustrated Booklet. Merchants & Miners Trans. Co. include meals and berth. ~ Autos carried. 52 Days MEDITERRANEAN All-expense-inclusive cruise er Y(wk S.S.Lapland i July 73 Ieinerary iaciudes Venice (Lido), Dalmatian Cont. Ttaly, France, Spain, England and Belgium. (Optional side trips arranged.) Towrist Third Cabin to Naples and Venice $120-$130 R. M. CALIFORNIA Via Wonderful Panama Canal Calling Havana Largest and Fastest Steamers—15 Days FINLAND - MONGOLIA - MANCHURIA Each over 22,000 tons displacement PANAMA PAcIFIc LINE M. Micks, Mero 1208 ¢ Strect XA Washington, D.C.or any autharized s eamshin ““Gem of Winter Playgrounds’’ Only two days to these isles of de- lightful peace and quiet. Winter Temperature 60° to 70°. Golf and all other sports and recreations. Finest Hotels offer you every comfort. Luxurious transatlantic liners S. S. “FORT VICTORIA’ and S. S. “FORT ST. GEORGE” leave New YorkeveryWednesdavand Saturday. For Booklets and Further Particulars ©on Bermuda or St. George Hotel write FURNESS BERMUDA LINE 34 Whitehil Street, New York or any Local Tourist Agent St, George Hotel, Bermuda—Usique location nsurp: service. lagnificent, tiled, beated gad co ered L. Golf Loeae Reter 5503 per tag oo v, lothuding mn® coure Sailings Twice Weekly —$6.00 Main 4612 | Greatly red uced rates on two famous liners Imporiani nezws Forall travelers to Zurgpe 'WO of the finest ships afloat—the President Harding and the President Roosevelt—are now Ameri- can type Cabin (one-class) ships. Without sacrificing the roominess and comfort for which they are famous, the passenger capacity has been slightly increased and the minimum rate reduced from $190 to $145. They take their placeas the fastest cabin ships on the North Atlantic. Oil burners both. Nearly all rooms are out- side. There are wide veranda- likedecks, intimatetea rooms, cozy smoking rooms and spacious salons. No first and second classdistinctions. You have the freedom of the ship. Thus,withthealreadypop- ular America and Republic, the United States Lines now operate four of the most modern cabin ships to Europe. They are your own ships and offer you the type of one-class service most pre- ferred by Americans—a service unsurpassed for com- fort,cuisine and moneyvalue, no matter what price you pay. Get complete information about rates and sailings from your local steamship agent, or write the address below. Make reservations early Next 3 dailings S. S. GEORGE WASHINGTON March 10th S.S.LEVIATHAN March 20th S. S. AMERICA March 24th Regular Sailings from New York to Cobh (Queenstoun), Plymouth, Cherbourg, Southampton and Bremen nited es New Willinrd Anvex 1411 ¥ Street, Wastington. D. €. Muin 7 4 Operating the LEVIATHAN, GRORGE WASHINGTON, PRESIDENT ROOSEVELT, PRESIDENT HARDING, REPUBLIC and AMERICA to Europe.