Evening Star Newspaper, March 1, 1926, Page 24

24 PRICES ARE STEAD AT CENTER MARKET Week Opens With Wholesale; Charges Practically Same as on Saturday. There has butter market for a week. i1y butter reported sca there is plenty of medium quality to e had. Market reports tell of the cleaning up of supplies of best qual- ity stock each day, but there ix plen- | um carried over. &g market was reported this as being firm. Prices, in- 1 cent the latter part . had undergone no chu eggzs and poultry were Monday's receipts It is more than ipts of light this mornir seldom being large. probable that increased receipts will be in evidence tomorrow. Today's prices on most commodities were practically the same as those report- ed at the close of last week's market. Today's Whalesale Price: Butter—Faney. 1-pound prints, 3la 19a50: store packed, Average receipts, hennery try—All ring chickens, 50 ducks, 2 10a80. Dressed ring chicken 8 5: ducks, 904100, K—Calves, and medium, candled, ge. 20a21. top, 40a fowls, 28: top. heavy heavy. 17: loins, 30a3: fresh hams, 30 ind Vegetable Review. market report on fruits and (compiled by the Market Bureau of Agricultural <) says Supplies moderate market steadv. Barrels— i and West Virginia, A 213- Stavmans, 5500600 some fair 5.0025.50 ti-inch Yorks, 300 214-inch Twigs, Frait Jay demand A h Black ania A 2Y%-inch few hest, 5.00; #.0046.50. Boxes—Washington, sizes BExtra Faney 15, 3, ancy Winesaps, 3.00 Fancy Stayvmans, 2.75 iase — Supplies moderate: de- ylerate. market steady: Flor- 11-.-bushel hampers Round tyvpe. A 2%-inch demand mod- . 10-inch Supplies light market steady Supplies moderate: demand »od stock, market firm: Cali- Imperial Valley, crates Iceberg doz., 4.00a 5 doz., 3.7%a fornia type. £.00 Onions——Supplies light: demand light. market fairly steadyv: New York and 100-1h. sacks. vellows, U. 8. 3.00: N, ork, fair con 4 Potato Market Steady. < Supplies moderate 1 moderate, market stead 150-1b. sacks. Russet Rural £.40a6.75; Maine, Cobblers,” U. S. U.S. 150-1b. sacks, No. 1, mostly h—Supplies heavy: ate, market fairly steady: Texas, el basket, Savoy tvpe, 50a1.00. . cloth-top type. 0 demand Savoy Sweet potatoes— Supplies light: de nd moderate, market steady: North | 1, cloth-top stave barrels. Porto Ricans, ordinary to fair quality and eondition, 4.50a5.00: South Carolina hampers, Porto Rifans, 2.00a Supplies moderate; de- market steady; Cal- few high as 2.50. wplies moderate: de market steady: Cuba wrapped 3-pan ca count. running small, 85 Mexic lug boxes pes. ed a4.75: repacke xes, | wrapped, choice count, 6.50a7.00. i Other Prices Today. Supplies moderate: demand market firm; Texas, bushel bas- mostly 2.00. ets—Supplies moderate: demand ate. market fairly steady; Texas, hel baskets, 2.75. beans—Supplies very light: 2ood. market firm: Florida, hampers, green, 12.00 mand moderate ed ripes. choice ripes kets Supplies market fanes light steady .00, Supplies very e, marker st 1. pepper crates, fa mbers mited hothonse demand Cuba, pep- de few | L 600, Supplies very light; de. market slightly weaker: stock, 2. 2-dozen car 3.50a4.00; extra fancy light 1, squash—Supplies sales reported. Peas —Supplies very light: demand moderate, market firm: Florida, 74- bushel hampers, fair quality, < berries upplies n very light; no SHORT-TERM SECURITIES. (@uotations furnished by Redmond & Co.) ] ] 2559025 2 SS.T3% 222338333 B AL s _,__-.,5_, 55 S RIBIBEIIIRS RIS ST HDDE .S i 55 emeS3e! Leias GERMAN, BONDS AND STOCKS. (Quoted 1n dollars per million marks.) id. Al Bx 1914.18 82500 u{ft 1019 TR0 200:00 Ger Gt (w In) erin 4 pro-war amb 3a. Slyw & 48 pre-war {amburg Amer Line ' North German Lioyd 4 1as. Vorth German 110; Prussian Consols 3 'an. | Krubn s 1921 Tusaeldor( 4e nre-war a'M 4x pre-war Haeche Ay 2 adische Aniln. . %G Ger Ge Bleci d Privat B Ce aft Dreedner Bank. .. utsche B: . . .ufi:e sk o % Vienna o Pl Q‘O‘:“H ‘\Bck (S Aus Elec) i COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY KANSAS CITY, March 1.—Flour buyers are exercising extreme caution in contracting for future supplies and are purchasing merely enough for current requirements. T. PAUL, March 1,—The first in- quiry for iron ore for 1926 delivery has been made by the Ford Motor Co., for transportation down the Great Lakes in Ford ships. The base price in 1925 was $4.25 a ton for Mesa- bi non-Bessemer, or 50 cents lower than in 1924. Iron ore producers seek an advance for 1926 shipments. SACRAMENTO, Calif., March 1.— It is estimated the 1926 California asparagus pack will be about 2,200,000 cases compared with 1,745,000 last vear. Leading shippers of fresh as- paragus are taking steps to avold overloading Fastern markets. CLE AND, March 1.—Operations have been increased at the plant of the Industrial Rayon Corporation, follow- ing an order for 750,000 pounds of rayon just received. The company has made ‘an_important connection with the Consolidated Textile Co. NEW ORLEANS, March 1.—The Cumberland Telephone Co. has hegun construction of two new exchanges to be equipped with automatic phones and which will cost $1,500,000. They will serve 18,000 subseribers. NET GAIN OF 85.060.000. American Smelting and Refining Co. Reports for 1925. NEW YORK. March 1 (#).—Total net earmings of the American Smelt- ing and Refining Co. for 1925 were $26.762.845, an increase of more than 000,000 over the preceding vear, President Simen Guggenheim an- nounced in the annual report to stock- holders. Net income of $15.190,760 represent- d a zain of $4.000,000 over 1924, and fter deductions for all charges, inter- st and preferred dividends was equiv- alent. to $19.17 earned on each share of common stack. The company’s surplus for the vear amounted to $7.725.800, swelling the profit and loss surplus, together with to $38.600.792." Cash and gov- t securities on hand at the end vear totaled 994, | | | | ALEXANDRIA. ALEXANDRIA, Va., March 1.—H. L. Cranford, 33 years old, son of Joseph H. Cranford, Washington con- tractor, fell down the steps at the residence of Frederick G. Duvall, former police court judge, in Ros mont Saturday night, and was badly injured about the head. His condi- tion fis rapidly improving, it was stated at the hospital today, and he expects to be able to leave that in- stitution within the next few days. Vera Carter, colored, was shot in the face late last night while on the 500 block South Pitt street,-and is being treated at the hospital.. The police are looking for a colored man | who ran away following the shooting. Lodge Anniversary Observed. In observance of the eighteenth an- niversary of the founding of Sarepta Lodge of Odd Fellows, No. 46, its members last night attended in a body services at St. Paul's Episcopal Uhurch and heard a sermon by the Rev. Percy Foster Hall, rector, who took for his subject, “Smoothing Life's Road.” John A. Myers, past grand of the lodge, read a paper on the history of the loca) lodge. There was special music by the choir, under direction of Sherman B. Fowler Mrs. S. Adelaide Perry, 84 old, widow of Thomas Perry, Saturday evening at her 23 South Washington street. ing her are two sons, T. C: Perry and J. Lawrence Perry. She was a daughter of the late C. C. Smoot. Her funeral will take place at 4 o'clock this afternoon. Burial will be in Tvy Hill Cemetery. Sarah M. Cheshire, 87 years old, wife of Andrew Cheshire, died Satur- | day night at the Alexandria Hos- pit: Besides her husband she is survived by two children. The body was taken to the residence of her mother, Mrs. Howard Davis, 830 South Lee street, for services. Moose to Initiate. Virginia Lodge, No. 1076, Lo: Order of Moose, at its meeting at § o'clock tomorrow night, in the Car- penters and Joiners' Hall, will initiate a class of seven candidates. Follow- ing the Initiation a Dutck supper will be served. With good weather prevailing the unfinished street work is now well under way. City Manager Morton expects to finish up this work shortly, after which will be started the new program of street work for the vear. The first meeting of the local hoard of tax equalization is scheduled for 7:30 o'clock tonight In the chamber of the City Council. Meetinge will be held every Monday and Thursday evening at the same hour and place until the last Monday in April. The committee In charge of the drive for the proposed Shenandoah National Park will hold a meeting at 8 o'clock tonight in the parlors of the vears died | than THE EVENING STAR, WASHINGTON, D. C, MONDAY, MARCH 1, 1926. BIG JUMP IN INCOME. Youngstown Steel and Tube Co. Has Exceptional Year. YOUNGSTOWN, Ohio, March 1 (). —The Youngstown Sheet and Tube Co., earned §12.37 a share on its 987,- 606 shares of no par value common stock in 1925, the annual report of the company shows. Total net profits available for dividends were $13,227,- 721,24 against $7,598,075.77 in 1924, the property account of the company was increased by $10,- 6186, 23, due to the building of new mills. and replacement of old units with new, most of which improve- ments were made in the Chicago dis- trict plants of the company. A prop- erty value of $180,421,368.29 is shown. The company is shown to have as- sets of $31,898,044 against current liabilities of $16,295,564.58. GRAIN AND PROVISIONS. BALTIMORE, March 1 (Special).— White <, 100 lbs beans, $.00a10.00; sprouts, 5 cabbage, hamper, * tatoes, bbl., ad. rrots, 10.00; eggplant, crate, 2 bbl., 2.00a3.00; lettuce 2.50; onions, 100 lbs., 2 plant, 100, 6.00a8.00 65a75: tomaloe: ach, bu., b 75a1.00; turnip: Apples, bbL., grapefruit, hox, box, 4.00a4.50; tange! 3.75; strawberries, qt lling P Wheat—No. mestic, no quotations; N ter, garlicky, 1.70 nominal. Sales—None. Corn—Cob, new, spot, barrel as to delivery; domestic vel low, No. new, 81 per bushel; ex- %: No. 3, 7214, white delivered . avoy cabbage, bu., basket, 2023 wranges, nes, box, 3.00a 50a60. at Noon. r, spot. do- 2 red Win- per; of new, 49 90; No. 3 rye, spot, no quotations. ) Hay—Reeceipts, 76 tons. There is no life whatever to the demand for hay. At present stocks on hand are more ample for trade wants. Low- grade clover mixed and No. 2 clover hay is hard to move and of uncertain value, Quota today: No. No. 3 timothy, ht clover mixed, ht clover mixed. 1 clover ed tions per ton, 245 Stra K 1 oat. 14.00a14.50. ROCKVILLE. Md., March 1 (Spe owland Wagner., who recently resig as pastor of the Rockville Bap! Church, preached his farewell sermon yesterday morn- ing, and early this week he and Mrs. Wagner will go to Balfimore, where they will make their home temporari- | ly. All churches of the town were represented at the final service. He reviewed the seven and a half vears of his pastorate. Although the min- ister has received a number of calls to churches in various parts of the country. he has no definite plans for the immediate future, The funeral of Laytonsville farmer Friday, aged 75 vea terday morning from the home services were conducted by Rev. Stacks, pastor of the Laytonsville M. E. Church, and burlal was at Frederick, Md.., where he formerly lived. Now that Dr. Kugene Jones of | Kensington has made formal an nouncement of his candidacy for the Democratic nomination for State Sen ator to succeed himself. and is not expected to ve any opposition at | the primary election early In Septem- | ber, Montgomery County Republicans are beginning to look around for some one to oppose him at the November election. Edward L. Stock of Bethes. da, who was rather easily beaten by | Senator Jones four years ago, seems to be the favorite among those so tar mentioned, and his friends assert | that now that he is much better | known than when he was a candidat. | before, and because of the great | change in the population in the lower | section of the county, he would prove 4 much mere formidable candidate. | Mr. Stock hax given no intimation that he would ac ROCKVILLE cial.—Rev. P. F muel T. Haines, who died early s, took place ves The E. TREASURY CER‘EiHE!ATES. George Mason Hotel. FOR. Proved safe by millions and Colds H Pain Neuritis Neuralgia afe— Toothache Accept o which co prescribed by physicians for eadache Lumbago Rheumatism nly “Bayer” package ntains proven directions. Handy “Bayer” bozes of 12 tablets Alse bottles of 24 and 100—Druggists. Aspiria 1a the trade mprk of Bayer Maoufacture of Monoaceticacidester of Sallcylicaeld t R VERYMAN’S INVESTMENTS BY' GEORGE T. HUGHES, _ Bonds for Small Investors. Suppose before going any further Wwe summarize the ground already covered in the present series. It has been shown that bonds are safer in- vestments than stocks, in that they have the first claim upon earnings; that a secured bond is better than on unsecured when both are obligations of the same horrower; that the na- ture of the property on which a bond i a mortgage is of prime importance: that, although - real estate is gener: ally the best form of security, many other kinds of property are pledged, and that sometimes this is fully as valuable as real estate, and, finally. that the vecord of the borrower as to ability and willingness to meet his obligations is another essential to an intelligent appraisal of the investment status of a hond - It has algo been pointed out that eorporations vary widely in their prac tice of making available to the ordi nary investor information about their operations and that the rule is that the securities of nationally known companies offer the best opportunities to the inexperienced investor. Now let us apply what we have learned to the problem which we start ed with. the investment of the pro- ceeds of a widow's insurance policy. The first conclusion i that the buik of the fund, or all of it unless it is large, should he put into honds, and that these bonds should be issues well and favorably known the country over. This point needs a little addi tional emphasie. Tt is an old maxim that speculation is safer when it is based on =zeneral rather than on spe- cial information. It s the same with investment. Securities do not come to be generally recognized as safe and desirable without good basis for the common opinion 8o a widow does well to select for her initial investments bonds which have -un established reputation and not those which are simply well thought of in ker own home town or by her particular adviser. The se- curity she buys must command re- spect equally in one part of the coun- s as in another and equally by one another There are ad- this course aside from m. It makes for market- v, but that is a minor matter. The real reason is that safety leads that way. to (Copyright, 1026.) LAND ERINGS $1,500,000. NEW ORLEANS, March 1.—A tract of land in Jefferson parish fronting Lake Pontchartrain way Park. has been sold for $1,500,000 to the Palm Gardens Co., which will <nend more than $1,000,000 in improy- ing it. known as High- | ANOTHER POWER MERGER. Fitkin Utiliti Buys Southside Virginia Power Co. NEW YORK, March 1 (#.—The Southside Virginia Power Co. has been bought by Fitkin Utilities, Inc., from Charles and Ira Vaughn of Phila- delphia, and with its acquisition all Fitkin utllities have been organized into the Virginia Public Service Corporation. Large developments, in- oluding several hydro-electric _sites, will be completed soon, It was an- wmounced. Extensions and improvements in service throughout the territory have been started. The new corporation be- comes a subsidiary of National Public Service and includes the Alexandria Light and Power Co.. Virginia, Western Power Co., Virginia Northern Power Co. and the Newport NOYVH and Hampton Rallway, Gas and Klectrie Co. CHICAGO LIVE STOCK MARKET CHICAGO, March 1 (United States Department of Agriculture).—Hogs— Receipts, 44,000; slow; lighter weight mostly steady; few medium and heavy weight butchers 10 to 25 cents highe packers doing little; bulk of 240 to 3 pound butchers, 11.55a12.40; bulk bet 200 to 225 D . 12.76a good and pounds down, largely 13.50: top on 140 pounds up. 14.00; pounds up, 18.85: packing 10.10410.80: heavy weight. 12.50: medium weight, 11.90a13.35; light weight, 1 a14.00! light light, 12.35a14.00; pack ing sows, 10.10a10.85; slaughter pigs, 13.50414.00. Cattle—Receipts, 19,000: fat steers steady to 15 cents lower; mostly 10ai5 off in-between grades of medium weight offerings; moderate active de mand for well finished kinds of to sell 10.50 up: common offer 9.00 downward: fat she stock s decline: best matured steers 11.00; quality to medium good prices steady: bulls feeders, 11.00a12 to packers, 1 Sheep—Receints, 15 weight lambs are scarce; demand for desirable shippers broad, these inter- | ests bidding up to 14.75: looks 25a40 | higher: nothing done on heavy lambs few shearing lambs, 13.75a14.00: ding upward up to 14.50 fo handy weights: nothing done on fat, aged sheep; supply very limited. —— WHITE MEETING DELAYED. CLEVELAND, March 1 (@Al special meeting of White Motor (o, stockholders to authorize the action of directors in voting February 10 to pay a 20 per cent stock dividend and increase capitalization from $25,000.000 to $30,000,000 scheduled here Saturday was postponed to March 19 to give time for a 30-day notice to stockholders. SOFT COAL TUMBLES, HARD' REMAINS HIGH Special Dispateh to The Star. PHILADELPHIA, March 1.—Soft coal which sold as high as §14 a short ton here during the anthracite strike. now Is being offered by dealers at $7 to $10 in graded sizes. BO! March 1.—Bosten dealers are charging $19 a ton for the new anthracite now arraiving here. Wor- cester dealers are asking $17. RICHMOND BANKS MERGE. Deal Effective Today One of Largest in History of South. RICHMOND, Va., March 1 (#).— The consolidation of the First Na- tional Bank of Richmond and the Merchants’ National Bank of Rich- mond. today into one institution known as the First and Merchants National Bank of Richmond, marks the consummation of one of the most important financial mergers ever af- fected in the southland. The consolidated bank will have a capital of $3,000,000, surplus of $3.000,000 and combined resources of approximately $55,000.000, thus at- taining the rank in financial stand- ards of one of the leadfng and strong- est financial institutions in the coun try. The announcement has been made formally by John M. Miller, Jjunior president, who stated that the officers will be those formerly con- nected with both banks. DISTRICT HAS 999 HOGS. Commerce Department Places Capi- tal at Bottom of Swine List. Towa was firmly established on Jan- uary 1 as the leading hog State in the Union, Commerce Department fig- ures, announced today. crediting the State with having 8,687,001 swine of all ages on farms and 1anges. Tl | nois, with 4.363,379, and Nebraska, | with 4,280,009, were next, while the total for the country was placed at 51,842,428 trict of Columbia, with 999 at the bottom of the list, while of the States Rhode Island had the fewest, 4,175, PARIS BOURSE UNSTEADY. PARIS. March 1 (#).—Prices moved irregularly on the hourse tod cent rentes, 49 francs 70 c Fxe on London, cent The dollar centime. centimes. Five per francs 30 centimes. quoted at 27 franes 1 . ‘rom 1852 to 183 superintendent Academy 57 was Lee Point Robert of West ) 9,95 D) That Cold may linger long or may be Ended in a Day Colds, if neglected, may lead to| disaster. Last year they led to 150,000 deaths. They usually lead to days of discomfort. 1t is folly to neglect them. 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