Evening Star Newspaper, March 2, 1926, Page 29

FINANCIATL BUTTER AND EGES | [ New_vorx cums wiarker | GOTTON STRONGER is%eo ermome| Q1o [ i S | i i s RESIDENCE LOANS AT Low RATES || 'n,eF.H.Smitth ARE HIGHER TUUAY R T bl ST R IN MARKET IUDAY Lladas L i All O’C’gi\}D]:L‘é&II\‘I\:A . rreyd o s 1o o LIAM F. HE NAN. eavy . PA. . N 53 YEARS NEW YORK, March 2.—Notwith- | Electric Refrigeration was resumed Tylan bl ows on (n(Mgnaement: Sancheetsr. , 11 INVESTMENT BLDG. Main 9392 ||| NO 1.0ss 1o ANY INVESTORIX 53 standing the sharp declines that had | ¢or 4 time, resulting in a decline of Floating of $38,000,000 Bond | auired under the Dlatpiet o?'co)umm- Cos taken place in public utility issues, 7 1 -mrnd«l une 30, 1902, and August 1 this cluss of stocks was found vulner- | three points further. But the state: Issue to Finance Dam. Slmufl stock Meat Prlces Steady and Few [avic in the Curb Market again today, | ment by bankers for the company to| Barely Steady Opening Soon iR | and the selling operations in this quar- | the effect that there was no warrant ¢ . | ter carried prices off substantially. for what they described as a vicious i Special Dispatch to The Sta: Cash in bank....... Foon . Changes in Fruit and Vege United Light and Power “A"” crash-| bear raid, efther in the business of Followed by Fairly BALTIMORE, March 2.—Approval ;‘, estate. L vt 000’ S a FE TY ed down points before support was |the comj ¢ pport pany or In the earnings, of a $38,000,000 bond issue to finance | Hen) ™ o, . terer e oo s table Charges. encountered, and carried with it the|brought out some short covering Good Advances. the Conowingo glant power dam was | Stocks an Ackiok 010,600 50 new shares ume company. | which rallied the price several points. granted by the public service com- | Bl ceivabie " 1909428 o e ,li’:‘(xznl westors pushed below | Professional operators resumed their mission of Maryland yesterday. The | Promiume uncoliecicd 'and " ih C T t A e comdition o tre vt | 1,5, 638 here 1 e o | camfiar procest of seking o ek by tho Avocte P bl ervie commigsion e up: |l de- a1+ 1EUINIR omes Firs i | ! op of the six-|spots among high priced industrials| oo’ proved details of the financial set-up wnd egg mirket was :1-.m.u~«1 this | point dr‘l'lm(; ordz:rmm . Lehigh | and they found one in Johns Mans.| NGW YORK, March 2—Coton fu-| hareby final control of the Cono-| Total assets 116,083 Convenience, a full 6% rnorni local dealers. 3 - r, new, United Gas and Improve- | ville, which slipped off easily, once|tures opened barely steady. March,! wingo properties will rest in the LIABILITIES. z = prices advanced one-half cent here ican Light and Trac- | selling got under way. Victor Talking | 18,90; May, 18.32; July, 17.70; October, | Philadelphia Electric Power Co. | ¥et unpaid claimis. ; interest return, and other Y5 G serve as required X desirable features of First ew York., while Chicago | ton red in the active selling | Machine lost three points when it|(17.22: D Lease of Maryland properties held by - | Ma s s ! December, 16.95. Although the of Marj p eld bY | Sularics, Tents, expenses, gl i 3 changed hands at 82. = I barely | the Susquehanna Power Co. and the | ete..... ,200. I N S - ) - 2B i cotton market today had a Y| Susquehanna Electric Co. also was | Gommissions! brokérae, et 300 N_lortgsge I\]otee Ne *“:‘b‘" iecs Advanchl ¢ March 2.—Following| 50 Prairie P L.. 5% | points lower to 5 higher, influenced |approved. rulher Habilis dinated to the prime factor steady opening, with first prices 9 ital stock . es of average recel 3 official list of honds and stocks| 50 Solar Refin The bond issue will be floated| 10% otus] SAFETY—that i a- i i 50 So by d. favorable e ¢ ate perp of SAF that is para stock was quo | traded in on the New York Curb Mar-| 1100 86 ¢a "t 3 Saittios ena ssv::xk?\:!;u:n stock and | through Drexel & Co. Philadelphia Wfliflfn’mfi""r‘."&"fi%o mount! P » henner s were 1 : 800 3 © Tad 3 Dealers say it i highly proba ! BONDS 3300 3 O Hirinni §2% 9% |erain markets, it quickly rallied and | bankers, and will net the Conowingo | " don ... T 50000 e i i NDS, 1000 5 & Kenticles made sharp net gains in the first|Ppromoters between 92 and 95 Der| ol Labiiti Losued contenien poultry prices will advance thi a P High. Low. % 303 O Nen fiftoens minut cent of par. Amount of piek sesimed dir S imonints'of $100 and 1 k. Poultry receipts thus far - 75 34008 O [ R O which was| Work on the project is expected |, ing the year {anpred dUr g 67.340.497.00 . 3 > Deen Very s p 107 % 20 Ohio : ady L 3 ‘yea e Am'Gas &1 s oot 2000 Vet Gii " ¢ i n\fifif;‘dm\i e D o covering | to tart this Spring. Over 5,000 men | “3 “,‘f;'.j“'"“ during the 6 58278 S AND P 1d heav) ipts 2 Am Roll Mill 65, 1028 107 % |oalss . INDEPENDENT OIL STOCKS. movement by local shorts, was a lit-| Will be employed in building the dam | Mor ©72.633.52 e ipated o1 Am Wow a4 0% 102 % i Kindred h hanna River. Tt R i { n A b dreds {nter.|on the Susquehanna River. The first N elanmes tho i fow gy ke ; 2 R S O sion ‘houses. Sudden | power will be generated within three “ 930" 87585104 Estaiished 1907 ch o past few ds oo Hard %5 0314 i - g st 58 ears, It is expected. ; i e -— . vegetable prices 4 3‘) h&m‘,‘ »', b 7213 15 Caril) SR strength in Liverpool after early|¥ exp bscribed: and’ swors, (6 Défors me. ihis 1417 K Street—Main 9300 a { - Dot .4l ¢ % | weakness also was a factor here, em- athy "o bebruary 10 st ices. 04 C S5 }»ha‘ ng )thf oversold condition of the CRUDE OIL ADVANCED. g LOUIS J. DODGE. b Py FINDLAY, Ohio, March 2 (#).—The Sty 5 5 1Can Nat 1 1013 11015 1701 g 38 . . o ] 01 110% X 4 e as further hedge selling, pre- - re packed, 35. = { : : 2 | sty waainet sotton carried In the|Ohlo Oil Cot has announced an ad- Ask Your Banker About mm‘“;‘ :’..1“‘.1‘ ‘f»» el South previously unhedged. Little | vance of 10 cents a barrel in the price INSURANCE TRUSTS e DAY sk . o '3 5 31, [change occurred in the general news g; ;;r;:sl’err:]rudfl oil. The new price Is || N. E. ELLSWORTH, Gen. Agt. ol 4 ! ol .35 a barrel. " ; § t 3 1 % |condition, which remained bearish. || Aetna Life Insurance Co. Over a Quarter K o fowls, 28; 3 e 3% . o The market, however, has had a big ducks, 25a30; 5 Eitinio ; e o1 38" | hreak and traders felt a substantial WOODWARD BUILDING of a Century’s %0480, Dressed 29 E T ;3 s i . B E rally was only natural at this time. - — = Experience i ing chickens, 38ai%;| 3E ] 98, anico\ 054t 4 AN [om 18.28 for May at the opening Money to Loan (i What Makes Rental rn G v 5. 03% 034 g . 1 : 1% | the rally carried contracts up to 18.56, Seml;«;gvz "'f‘i:u\::;r;g’?t.l'fl‘xu”?r:’m:.l‘::tale. 1 t T f f S o 2 o “”l‘ S ' e 300 > q 1 0. B while October advanced from 17.20 to Joseph I. Weller §20 Wash. L. & Trus S| rust l.‘)am Prup('rlios Earn nd medium, 13%; lght P Bi2a0R 207 af A pen & Ehn L ; Pl ON ATTRACTIVE TERMS N . 0 NEWOrietnaliQu HeFl0ey We Also Have Funds for good profits consistently A L .- i W i e o A ; i ful\ur:: ::’nlml.‘m m.idn\lw‘\}l‘m(-#-Umm FEDERAL-AMERICAN CONSTRUCTION LOANS Pl | is (‘01hi~‘lvn!1_\' gm_nl ‘man 30a3%; shou h § s Pl E ] 2 ber, 16 o e agement. We specialize in and Vegetable feview. | ol ing i PR S Y R et dueani o il honcd oy oo M 8 of finding what your proper- report on fruits & Nor X 8 | ? ks s i ye St. N.W. Mai , e ig 6o miniled by the Mar-| 153crSES e ) 4 Gt Southors 00 atter. the opening call on moderate ||| RESOURCES, $14,000,000 ty needs to produce more. e Bureau of Agricul- sl A o S £ I A\‘nr“fl:m‘,‘fn Bid b e ik ConuidarabIe 1315 F Street f Then, with over a quarter ys serate ae- 1 Ohio Ed s Leather pi short covering on the impression that ™ —— c ‘l]tul‘\"\ ' 'ri(‘n(‘c to moderate; _ de B i K15 o bt Ean. 1 the market had heen oversold. March JOHN POOLE, President il - b SNPE g Tr 66 008 0% yhamid A | } | traded up to 18.33, May to 17.88 an baidel eac e 2 Tt 0.8 : 5 i uf.’fl'n" October to 16.75, or 11 to 15 points | lem—— | > I guide each move, we 5. some : 5 e B “ | above yesterday's close. At the end i place our management g=nen Tl 3T 01 § i S i Ut 8451 ¢ the first half hour the market Was e i - 2 1 - a9ty Am Elec vie @ steady and at the higl New Orleans methods at your service. oh | rar ‘- b4 H Am L & Trac, .. 2 ° exported today 29,433 bales. { sty e m 2100 94 Am Pow i Noon Cotton Values. i 11l At o B0, Bixey ! o A o ,f‘,‘;,}g,’d b NEW YORK, March 2—Cotton We will gladly receive A lage sl 7 b its 50 - res a.m.—Bids s and give prompt attention o < I ‘{ " nnsylvania, Subernow & 5 futures, upernow 2 March, 19.15; M .58; . : to applications for ) Asso Gas & Ele [ Vacuum Of] 3 > Octobe! . i . - - - 8 Watwarth 3 . o e gl L e o Loans on Washington Main 2100 925 15th St. N.W Pl i il ‘ o G002 i bl te be lay ety el Real Estate Looking for _ < i May, 1 July, 17.30; October, Current rates of inter- ! mm“;h":"i‘““! ; ! £ 8a 4 4 3 % 5 A'"I"L" N est. Should you have G()O(l Bonds edlde, | sfal Slhleas MY M2 BR) BERtenk FLORIDA CITRUS CROP g ke A 3 Blirdive Jucs. s 3 —we can also take care of . o o 4 FAR BELOW NORMAL you. Our experience, ex- || Our March list moderate; * 5 B DO ol Special Dispatch to The Star. tending over a period of offers a selection el e ] ; 5 9 Common P C'n, . 348 JACKSONVILLE, March 2—The Thirty-Five Years of over 8D issies: Valley, crates, ! 5 | 1 Commonw P n pf Florida citrus crop for 1926 s expected . s i " ~—1ns es V¢ T O 10n. ~, 5 nsures your protection Call ey, _crat 200 Comumg ; 1.23; 5 dozen, 4.00 e to be between 15,000 and 20.000 ca or write , i T a o b L 237, S5 234, |loads below normal, as many groves sl i x unig ¢ S . have gone into bullding lots. Ship Perc H. Russel 3 for your copy. es Ch : ) | NI (/SN ) The trend of Big Business shows the Supplies ht; demand Rk Neth s 3 1f 4 B it ments to date total 17 ¢ ket ¥ no change in ronhie 6t 4 ik pid.. g0 3 against $3,3%9 at this time in 19 926 15th St. N.W. 30 lagise i g 2 : 5 | SACRAMENTO, March 2.—Prices | way to larger returns for citrus fruits dre strong. Orang | The National City Compan et = o hitad ot 3505 fo 40 2 box taa Money to Loan |y Mgt fr‘t’}" Business prop VS erties. choice lemons at $4 at shipping points. noderate ‘I,”.]'..x € ;”\ ]..:r”. Michi- Sanda 2 ; F 1 & R ( t Stocks of apples stored in iforn on Real Estate elephone—>Main 3176 3 pound smcks, Tusset Rurals, P : R are heavy, and many dealers antic GEO. W. LINKINS i 8 c o EMOE pate lower prices. Q LINKI i : ke B s oo ol 1732 De Sales S. E w ’ i B Househ Uul 5 S neto Am o1 1 : i STUDEBAKER . NET i MAKING i @ tiow's Capital, 5§ is 100 A% Ynoa otd 6% b».. 4% { B : Qo Company Eam Per Share mli LIFE INSURANCE Before All'_‘ 2 constantly ¢ 4300 Contin O\ 50; 00 B 5 i Y o 3 i 4 Fire 4 NEW YORK, March 2 (#).—The a special function of t ot : 3 a9 5 i.’fx‘\fi‘h‘,‘“l.“ 7 % 2 Studebaker Corporation earned $8.55 Company. Our trust officer T - . supplies moderate: de 8 ran'n 14 31 Fox Thea 4 5 a share on its common stock out- will be pleased to have you n investing money, un- § e es et0n m rh‘t‘:: 0 Ca el N, § tor, Track Cummon—}:xpomcmm il USEFUL Safety liflowe: lseman F 013 . standing in 1925, the annual report conter with him impeachable safety is the ocihary awali maition, | 1 ; i froen Bine S0 G @ W oS Dot in 10sd. e || The Washington Loan || [| firstconsiderationofevery | 0 Onto Ot i 2 Gillotte S R g3 1 common stock was placed on -85 an- | and Trust Company | conservative investor. 1412 Eye St.NW. ‘anl( m9503 This is why Straus Bonds, Tomatoes—Suppl moc e: de 400 Prairie 0 & G 5 E 1 Grimes R & L 3 | nual dividend basis last October and and moderate et steady: Cuba, ipiness (A A 7% lan extra of $1 a share was declared (| 900 F ke vped car- [T i S F G which brought payments on the com- | St. 618 19th St. now yielding 5.75 to wrapped, | Washmgton Stock Exchange' 3 e : 5 | Foat Gividend aisbursemeonts Tor 1955 | £~ | || 6:25%, appeal so strongly limited; demand tomac Electric Power p J ] otal net sales advanced to § ; Texas, bushel bas- s GAs Ligni—100 at alt Cheess " 4 362,944, an Increase of 19 per cent M 5]7 first mortgage securities. oney at 5} demand_mod- ’ pId—SSRbOt g < 8 | Gver the $135.406,054 for 1924. It was Adaiest stegs wilte b steady; Texa i ; h Val g the company’s second largest year in i s > ' ’ ! Mont 2t at 82 e { sales, the record of $166,1 estab- Very Desirable Conditions | BOOKLET 764.G deramnt ] 3 o . 3 i K e T iy {lished in 1923. Bxports increased 64 | Granted i t 1 fl Cd C on f l d ence b R a i - s per: cent. ! - A 2 | s e ok i ok R e s et i | Tyler & Rutherford | S.W. STRAUS & €O lights de: Fall, so that 200,000 cars could be A oni o Z AFTER CALL d “Cul 5 3 e teady; Cuba, 4 ;s 5 e 4 1 produced annually should the market i & Invest. pid-—_10 a0 BY. Ry pid % | demand them, the report said. Loan Correspondent I Ieu e Bendy LD e 1053, ! Mine Riv Pow pi { itk Mutual Benefit Life Ins. Co. || [l 92 FIFTEENTH STREET conducted the sale of :":jnv]’.‘\r Strawberries Ch Py | TR ,,,“1,,,, 800 i T0s Mohawk Val | £ 5 26 Moha S > ¢ Teleph Main 5847 vestments without loss to iplic i 3 Washinzton Rwy. & —10 at 91 Al " i ephone ain = » P = e Wttt R 6 P G | D et 350 590 4| DODGE HAS BEST YEAR. . ';‘;W“kv T[\' H WASHINGTON dlient. We have the justified cor 200, ¢ k T | ermon venue " fidence of hundreds of investors com.—10 7 e A s I 44 Years Without Loss dSSRE »mm aw‘ [ . sthor 4 lncumeA‘a;nd A;no Turnover Pass Phone Main 475 Fo Ay Investor o g it ar ie Sl @ J First Mortgage Notes Mones—Call Joans. 5 and 6 per cent Veptune Mo : 24 NEW YORK, March 2 (P).—Earn- = Bid and Asked Prices. 1 Nickel Plate n wi 108 ings of Dodge Brothers, Ine., automo- {OR over twenty years we have secured by improved real estate Ohio_Power. s | BONDS. No Ont Lt & Pw 52 bile manufacturers, established a new in the Nation's Capital. TIRE PROFITS INCREASE. PUBLIC UTILITY e Ny " 488" 482" | nleh record in 1985, with net income The New York Life Insurance Co. ANNUAL RETURN Goodrich Eams $17.83 on Common, | Amer: 1 & riTA" s e Grod B el e e s Offers to Make ‘ 6% Water P Rierrows and dividends on the preference stock, T v S S ey e it | st Mortgage Loans T—— common stocks. : u - 68" b ¥ aes 3 Net sales of the company totaled Pt ; ardek B 41 & | $216.841.368, compared with $191,652 r | P 8 . 1 ois]l T C A 40 4 4 446 in 1924, the best previous year, c o S b Ark e g o and represented the turnover of 2 | On Improved Real Estate in the District of Columbia ) Mot. . | 322 cars, against 6 the year be- | | | i { | and Nearby Suburbs in Montgomery County, Maryland FOR 3, 5 OR 10 YEAR PERIODS. 1B Pow pf fore. 5 and H ) ¢ - Pt i A T { The company’s surplus on Decem Muin U Sears Roches s % 50% | ber 31, 3 $31,477,284, of uses, 1 Apartments < : LS 4 which $6,676.722 arose upon acquisi- Business Properties e Buil ery B 2 tion of assets on May 1, 1925; $14,958, pe Offic e LR ] 543 upon conversion of debentures and sy i SR GRREREG B8 B g |wevion fon snbe | ON APPROVED SECURITY (#).—The South :« L0 _STOCKS, G 4% 14" | RAIL MERGER OUTLINED. Apply ion Co. | meriean ol : . . it i e T RANDALL H. HAGNER & COMPANY it Elaeintoi s fton eaeees - H , i 3 the Chicago, Rock Island and Pacific : w. Ston { i Pube Al J5% 18 and the St. LouisSan Francisco rail- | MoORTGAGE LoAN GORRESPONDENT iniecas APPLICATIONS INVITED depre- | 1y Bt wonl 100 930 2 e ’, e it St 1321 Connecticut Avenue Telephone Main 9700 for LOANS on 107 in} the Southwest were disclosed yester- day at a hearing before the Interstate IMPROVED PROPERTY B win DCO- ational Ca i . " Iy 3y 5 ; e o : i ere 13 | o : i : T . 3. | Commerce Commission. | o omes. | 1t : 4 # L Pict AL ? Although formal application for au- for domes- | District . A48 | 7 § b > = G 3 ! Steel. thority to complete the merger will : Located in the Parmers & Mech 3 ! ATHOTIGAR eve ove s 2ors TOnSHL o .“,,, not be made until the commission’s WE OFFER attitude toward r’m;wlmmnns is re- District of Columbia and sdjacent vealed in the decision of the Nickel . ! Suburbe in Montgomery County, Mdé Plate project, three high officials of . gl vt | Bethlehem Steel Corporation . Teiand. Non-Callable > /0 Tron o Nonal Métropolitan 2 5 Lamp A LUDLUM STEEL'S INCOME, 7% Cumulative Preferred | Ry ol 10 for 192 : - i B kit o 1w 1 wnd Fede o B hingto E cen ni G Imp C. . Na i | n Lt & P A NEW YORR, March 2 () _Lud. lum Steel Co., reports net income of Stock $400.554 for 1925 after depreciation, | n Lt & Pn Meosiin il TR Price $100 Per Share and Accrued Dividend | ,-fl prly ro L T ey FFe SeEsDo FEEE ) ‘ Rank dollars per milli 3 ABE s st et e e o i iS00 24800 | Wash. Loan & Trdat ] i P SAVINGS BANK Bros Pie w5 W hite Mot n Efcme o 122E-853! hi Preshar nw, ‘il P&L Bvt t e - ontl w & $2.27 a_share, aguinst $224,423, o oA sm,l Bl In view of the fundamental nature of the Steel In- u. L. RUST COMPANY Have You Been Stung Yet? dustry and the excellent record of this corporation, we Some men have to get stung good regard this stock as an attractive investment. i LOAN CORRESPONDENT and hard before they learn to be cau- tious in making investments. Before Descriptive circular will be furnished upon request. ®se PRUDENTIAL INSURANCE you invest—investigate! C P & CO A ! COMPANY of AMERICA r?fi‘éfl?fi\f&? it s oan i 823 15th Street i 912 15th Street N. W. Main 6883 Vel Eh W28 Phone Main 593 26.00 | d te 3 . X 75:00 | Washinkton \x“;. anica’.. . SHED S caienis Metah 20 Calumet & Jero. . . 3 . . . 1 Cong Con Min . 48 pre-war 1A 10 Cortez Silver M 4s pre-war. . | 3 . 1 Cresson Go ¢ : holores Eeper” | Ltd reka Croesus Thought G M . ) | Columbia Title. . . Y . . Fior Goldfid M o R» al Estate Title. 5 . . olden Cen Mines oldfid Cone. MIS 18 Hawthorne M Paper pfd. . .. iR 2 Hollinger % Pideral Siorare Hecla Mine .. ust A E G " N 3 \lv hants' Trans. & Storage. Jerome V Devel. Newag Stock (5 Aus E! an. & Stor. ul«l %l) ‘Copper Cor. N o 2530E-n B - [ err Lake =D BT R B A BB B S, ¢ A silver wire onetwelfth of inch ,“dlameter will support a weight orl 188 pounds, Washing Storage. mier Gold M. siinkton Marksbes o Am Gold & B [ e