Evening Star Newspaper, March 4, 1926, Page 31

FINANCIAL. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office COTTONISHIGHER INTRADING TODA Rains in Texas and Covering to Aid Technical Position BY WILLIAM F. HEFFERNAN. NEW YORK, March 4.—Profession- al Wall Street today was speculating as to whether or not the sharp rallies from the low level which had taken place in today's trading meant the culmination of the great bear market, or whether it merely represented a rally on technjcal grounds. Opinion prevailed in some quarters THE EVENING STAR, WASHINGTON, D. C, THURSDAY, should have enjoyed the sharpest re- | covery once operations on the selling | side were suspended or offset by the buying, which appeared at the lower levels. Amerigan Power and Lgght, Electric Bond and Share, American Light and Traction, United Gas and Improvement and others which had been forced down sharply recovered two to five points at the outset, and in many instances these gains were ex- REAL ESTATE LOANS ANY AMOUNT 5;7 APARTMENT HOUSES RESIDENCE LOANS AT LOW RATES USINESS PROPERTY FRED T. NESBIT NVESTMENT BLDG. Main 9.‘)2 I of, Washineton, b."C.. on Cavital stock. . one to Loan Secured by first deed of trust on real estate. Prevalling interest and_commission, Joseph I. Weller 133 Wosh, 1y Capital stock, pi Cash in office. Cash in bank & Trat \.W. | Keal estate. STATEMENT & 'rlg; mumnon' AMERICAN | Bills receivabl STATEMENT OF THE CONDITION CAPITAL CITY BENEFITE \SOCIETY (458 La. Ave. N.W.) ¢ d Bleilen ot Sumpls, Code. Rded"sua up. i cadh ASSETS. All other asset Rents MARCH 4, 1926.. Ask Your Banker About INSURANCE TRUSTS N. E. l;l‘l'm'\\'()RTIL Gen. Agt. Aetna Life Insurance Co. WOODWARD BUILDING FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 Let Your Savings Earn a Full 64%% —safely invested in selected First Mortgage Notes Are Market Factors. ! that as a result of the drastic shake-| randad as the session progressed. out of the last three days, further s clenningip Hrovess contin: sacrifice selling could be expected. 1t | iy s ire e B8t Drian Coal lost bLO§EWTXR“CO' | Net unpatd_claiis was noteworthy, howcver, that offer-| more than a point, and further offer- { On the 31st day of December. 1925, as ra- %?,'fr:‘(f ety (5 EW YORK. March 4—Cotton f4-| In8s of this character today were|inge of Gillette Safety Razor carried quired goder the District of tglu‘{nm Coge. |8 tures opened firm. March, 19.24; May, | Te2d!ly absorbed. the price down another two points. | {811 e 30. and ‘Augus L5 July, 18.00, October, 17.34; De. | The recovery was sharpest in public | American Cynamide “B" was sub-|(ubital stock..... Sk G e sl e e utilities. They had been leaders of the | jected to further liquidation, losing |“*P!*4! -+ Daid sember, 17.07. An opening advance of ! decline, and it was natural that they | more than three points. 15 points was regarded chiefly further readjustment of the tech-| \pou yopwe aarch 4—Following 1 position. News concerning farm ! s "an’ officlal list of bonds and stocks erations, westher conditions and]traded in on the New York Curb Mar: her influences affecting sentiment [ket toda 1315 F Street B> the Associated Press, JOHN POOLE, President OSSEPHE| PS Estadlished 1907 1417 K Street . : : Main 9300 Ineurance groes premium tax Assets not admitted. *lo fi"fi Total liabilities. Cash in bank. ? Real estate . .- S g aReiens i R “?i‘f.'..."‘“ b * 7.608.840.00 ¥ s . - g .1 Character of business transacted during th 10 Happine CSstF Premivs uneoil ! 2 HAE S U pf wi Tmie apcollected "ddd " 1a 1300 824 7 | Foar 10267 Industrial sick. accideat wni lis | 70 8! assumed during Cash in office. 1st Trust nd CONSTRUCTION | MONEY ON HAND | et o eoron|[|Ne Lo Sansl:ury Co., Inc. 1 £ Expended duf ear 192 150.017. 18 E) W Main 5904 EL H. WALKER. Pu-;d‘—lmu “ 2 F Gt = SAM e e = FIRST MORTGAGES Money at 5% (Seal.) Y XER‘F Very Desirable Conditions Granted Tyler & Rutherford Loan Correspondent . Mutual Benefit Life Ins. Co.. Newark, N. J. 1018 Vermont Ave. Phone M ILOANS We will gladly receive and give prompt attentidn to applications for Loans on Washington Real Estate | Current rates of inter- riranencied during ||| est. Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Tlnrty-Flve Years —insures your protection. tand' Pub' € Sand P agsneet i A s Percy H. Russell Co. SULE ot - B . | = abuy dax of February 1oz o Organized in 1814 * " Novary Public 926 15th St. N.W. Floc Ger. 8ie 13, Tam 2 oo i Oioter b 21 er Con Mun 7. . y Ele. Thet rm\ml R!A C. . S T oty ol o e o T S —and women like / gl:i {):;{mlx‘:s a;.mg‘;.: ; 2 3 to bank here be- 18 Feamhard £ C 3 e i 98 21u 8 315 3% cause we are so ?,Yxfi' Bk Denm 6s. 100 c C compl tely . 8 brov pue A7 51005 pletely equip- 14 Brov sunta Fe 78, ped to serve them. fl R""ll’:b P‘:‘ l;‘fl“T! Govi Biee General Banking Saving Dept. Trust Dept. Safe Deposit Department Bond Dept. FomgnExchan e & Travelers’ Checks 3% Paid on Savings 2 Grimes R & C R. 4 Happiness C St A 1 Heyden Chem . .. ¢ , | Interest due and lce-nnd 86 Sales 4 Hellman R pfd. f All other assets. .. .. 09 Alr':ggm!:rlm” / weemed to be still more bearish than o & Hires Ch A. . L % 233 med to be still more bear! thousands. Close. BHom & iard Total assets. LIABILITIES. otherwise, and astde from covering| % Alum 7s new '93. 1063 1061 ‘”“3 5 Impecial Toba Net, unbaid claime: £ $718.753.00 | 44.105.00 | o 3 14 Am G orders, there was not much important | 30 Am fi%‘;:: :‘ : 30 10 Rayon Cor & l:uying in the first hour. The advance| 10Am W b 13 Johne ’:‘L‘n’:}}:fl g uppeared to meet considerable cotton| §4%2.0 ‘i‘{u};daa‘q Kruskal & i rom Wall Street sources and from 353 LAnd Co ¥l some of ves‘erday’s local buyers, After May had reached 18.71 and October 21 Fruiv s, - LCS N B & Lenten Val ol 43 Tanigh Yal C 17.39, reactions of § and 9 polnts oc- curred. i T Lehigh val C & 1% Lib Owens Sh S1ise 5 Beven notices of intention to de- liver on March contructs were issued Wire Lon & M v Metr b & 60 S bf 20 Mid West il .. i, Mid W U ptd .. today, making 15 notices thus far this month. Liverpool, the West and New Orleans interests were buying on the opening, while there was moderate | hedge pressure from the South. 4 Mil W U pr nm 117% 1 Midvale Co 248 New Orleans Quotations. NEW ORLEANS, March 4.—Cotton 2 Moore Dr Fo futures opened steady—March, 18.48 &t ahring the 3‘3«3:!{{ Nonvra 54 Expendod. duriag ‘the Teur bid; May, 17.59; July, 17.46; October. 16.74; December, 16.76. The mar- unicipal Serv .. 13 1 3 1928 ° . uste Mastor €2 ec Pow A oy .3:3:;:{ Bat 80 iy 'r{ul 3 .om' day ol SR ey e : Capital stock. 3 Goodyear T& K o o o 3 ) 2 W. © "“3?31 ¥ Grand“ Ak S10s 1085 " S 4 : vl- v, Pyblic. Kinge Coynts. Cif ‘led in 13 Tolund Steal. 5555 §a+ ot Y g0 oo et €0 X0, b Insn Cons 6148 wi 100+ or Ont L&P pf S g 171Ind 0L Gas§tis 08 2 or Sta 3Lehigh P 6a A wi 3 £ Northe Pow et opened firm In sympathy with 1 Lig Winch R E 7 'St Boller,... better Liverpool cables than due, and é‘zl\f-'.':‘fz Island Lt E Qfififi?"pf.’df{‘l B first trades showed gains of 11 to 16 m:uuf(,“.. w9 -‘PM:- Dods points. Prices continued to improve A’P"““" & Lake E 13 5 fter the call on the rains in Texas and the fear that the bad weather would extend over the belt. May traded up 5 18.07, July to 17.54 and October to 18.79, or 17 to 23 points above ves- terdav's close. Toward the end of the first half hour prices eased off 6 0 10 po'nts on realizing. The weather map showed considerable rain in Texas, but none elsewhere. NEW YORK, March 4.—Cotton fu- tures, 11:45 am. bids steady; March May, 18.57; July, 17.9 it Bessm & LE 20 24; December, 16.93. 4 Piltsb Pi Glase .. CW ORLEANS, March 4. { Proct & Gamble. prophias Eruen Pug SP&L.... futures, noon bids stead lay, 17. o neoonS: 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 3, 5 OR 10 YEAR PERIODS. Houses 1 Apartments Business Propertles 2 0 Office Buildings ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMP. MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 ST 1B > #3353 223 Capital _stoc) All other liabilities. Surplus over all liabilitie: Total sbiligies. . . STATEMENT OF THE CONDITION 3 durin et T LA g S s North Carolina Mutual Life 106 0% 115, |Amount of riek shgmed. ;os.720.606.00 ln:urance commy of Durham, N. C. Loy i i gl St 16, o tamo Maney recely 1 10.251,942.60 71.62| On the 31st day of Dwvmhv-r 1025, as re- | . Sheddant: e ?,u‘rud under the pimbia GOFTHCNH." Cgde; gamended Sine B0 1 Fon and et EER b (o w; §§» IR 8 08 S e ShoeSo0s TRRIZ2IER 798467 0 e 55 IO S OOt~ v Pél ‘wn Willms Pa 63 Cudahy 53 o} Detrait Clty 6B 20993901 22000 S L ZSeoo0 SEEbES F I:‘sl"n‘ S\- 1, 3 Fla Pow & It 08 SP=R38323 (oraragta 2S5 R s ! 25 ST Mutual Eent, 252 RS & Cash fn office. birarx | Cash in me: © Q . Kings | Real estate. .. . " No. %1, Kings Co.. Re 608D, | Teal estate ‘forigages (firet ‘erm | _ lien).. : Stocks *and " bond¢’ * (mar value) g e chegter and, Ru.hnmud Countles. exires March 26. Branch Office for Distric Policy A Marrland, Vi North il Premiu uncoll L. BEI NYI hands of agents.... Interest due and mrurd Collateral loans All other agsets. Total asests. . i LIABILIT! Net unpaid claims. .. Reserve as required ‘b, Dnearned intorests an: laries, rents. expenses. hrokr!ll 353 & ST CH) & 24528 Southern 15th and H Sts. N.| Rall Ohio Ed 6 1;: 20 L";D o4 s o e Eure 011 Co 6154, d Kar Bu ichulte R Est 6s. chulte B Ext 6 % & IR RE L b punity Bak 5. yrens MIg.. 2 Rand Kardex 6 Rem Noisel TCA. 7 Reon Mot Trk vie 13 Reo Motor : 18 Rickenbac % Safe CH & Li. 25 Sears Roeblick 1 Sieberling R C 3y Singer Mg - I3 ,..‘ R Eorath g ety LI52RBINRRRI2E & 3 22550000t 50! A s BT D) o So5e paS P 22533 SEE E Total lablities. Character of b 8o Pow L. .. - Amount of risk assumed dur- i 1700 So Pow & Lt wts ing the year 1025 $44.326.283.00 | 16 So Pow & Lt new Losses sustained during the i 18 year 1925 .. . 502.000.00 | Money _recel: { year 1925 . seee 2.1 1.20 Lllbr’ndcd dan' poncacpmD Son-s0 BN EE R Bt R R it 023523355553 = 3332233233223233 ] »; = g : B nE el Over a Quarter of a Century’s Experience 22 We Establish Your Profit from your Apartment House by first analyzing. then determining what best can be applied to it crease earnings, and the: putting our proved pol icies into effect. Cost re duction and more permi nent leasing are two out standing features of ow service B. F. SAUL CO. Main 2100 925 Lotton March, 53535000 2225 S 1A DB EREEEEEn 555! F2S romfifi 'EXCHANGE. n! hed ?}' . B. Hinbs & Co.) nal Selling checks | 55 Rens s BoH 7100 0TS Lg FEE EERE s R |« qdaaac 555555 2553335255555, litdorf Beth El Reris Paper. . E; 33822332828; S o 7 33322232 =38 P ndi Nat C 6s ww City Cologne 6 ty ;;Wfl;\»\l K 15 Hejiielbe 7% Aish € 5 Dt Andioa n R France oo EREE] R & on 2 DD =& S22 1 APPLICATIONS INVITED for. LOANS on IMPROVED PROPERTY Lecated in the Distriot of Columbia and adjacent Subusbe in Montgomery County, Mé 33 % INTEREST S Dairy B, Rub Reclai %5“ Are You a Sucker? Too many people put their money tn day dreams and Hilti up broke. | Never put vour name on the dotted | line until you have inquired of some | one in your bunk about som ssue that is © 10 you private e TBEAéUBY CERTIHCATE i 9 I3 9 1 i ik 1R 15th St. N.W. 1¢ Ny STANDARD OIL ISSUES. its, {00 knelo Am O .. 173 400 At O'vee 3 100 AW Lovon wia". o o OBnmE Serymeer. . ..4" g ! 300 Chesebrough Mfe 69 1009 0 ontinent Oil hevw i 101 o ible Ofl rts. . 2 o Lornsiia 3 o mole Ol & B A | A 0 o 1 -32 mblo Ol & B. 8% mont Mining. “No Client of Ours Has Ever Lost One Penn: Through Investment in Our First Mortgage Notes On Improved Washington Real Estatc Yesterday Morning Thc Tlmes-”emld Reud ons Wiped Out in L \\' 11 Street Rocks U i X EEI R Fa Iy 101 7-32 Do 10100 Inter Peot’ ¢ Lv.d 600 Ohio Ofl . 1 Pramier Gold M 1430 Am Gold & P 4 ’.flll"’ Te H. L. RUST COMPANY LOAN CORRESPONDENT @se PRUDENTIAL INSURANCE COMPANY ¢or AMERICA 912 15th Street N.W. Main 6888 -$1.000 at &' v Wil 30 Solar Refin.. 0 South Penn Ot 20050 Cal wi 20 Tonopah National 1100 : o Kt'nl\.lf‘k] 3 Wenden € n 112 N. & W. TRAFFIC GROWS. | [[| ¥eus Bank 67008 O Now Tori. o (8)0] NEW YORK, March 4 (Spec! \ 33 | 805 O Ohio_......33 330 | 3800 Vacuum Ofl. . 9 ’ Sal INDEP] w . = 35 | Revenue cars loaded on the Nor Capital, Surplus & Undivided {and Western in Yehrua Jded 91, | Profits, Over $1,800,000.00 71, as compared Viih st year, — Wlll You Profit By This? gl I8 g2 b e ik First Mortgage Notes ‘1’“#” Sseef?‘ 7% “3n 9% | showed the lar increase, from 59 7} ! { Gities Serv B ofs. 20 c 130970 6a5ea. T i 28 - | Are o | Safe and Dependabl. INDIA TIRE'S PROFITS. | ] P AKRON, Ohio, March 4 (P).—! '»L\[ _\nnua] Remr" 40 gu.umma simd. ales of L d Rubl of . . . xflx‘;leli f&‘;énsit t:\fr? atnu “;jn']'e: ;:t, letted Ofl'ermg— 6 l Opportunity Now Open— / 2 Investment Departmei » Power pfd—10 at 107. as Light—10 at 73 { ashiniton Rwy. & Flee. com—-10 at 100. Washineion Rwy. ! t 475 % Co—10 at 101, td —50 at 843, at 8%, AFTER CALL. cons. Be—$1.000 at 995 s, ":u—wou st 10 [ Glion Ot Goro.: guit ol of Pu.. Lago Pet.. A T FFEFE F= 2 1T Fashincton, Gae a7 at 72 Mergethaler Linotype—10 at 209. Money—Call loans. 5 and 6 per ceut. Bid and Asked Prices, BONDS. PUBLIC UTILITY. Officers Morris Cafritz © e profit of $471,476.38, said = statement ' today. Besides paying $53,491 in divi- | dends on $1,369,689 of its capitaliza- | tion for the first six months of the| Harry M. Crandall, year, during the last six months the Vice Prestisat e n Federal Security and Mortgage Co. ‘ i 1412 K Street N.W. Washington, D. C. —_—_— Vice President and Treasurer Authorized Capitalization . President Nat Fuel Gas, 3 N Bradford 0. 20 New Mex Land. 1 Nor Cent Tex O. 17 Peer Oil Corp. 1 : Reiter-Foster Off & Telgn. 4%n. . 07 2 Salt Creek com & 5 droBe 20 Salt Crock Prod.. Znacostia & Potomac . 40 Yenezuelan Pet. Anacostis & Pot. & r Quinlan i 24 te P 2 Woodley Pet uew 5% Casten INDUSTRIALS. 9 Alum Co new ; Amal Leather,. 5 Amerada w S i O D - TR PR ko Sma e £2 Y ING 713, 715 and 717 14th St. | Wolves Driven to Town. Mor As a consequence of the bitter cold and the heavy snowf: many wolves and wild boars have descended from the mountains and made their appearance on the and in other parts of the Ju Venetia, says a Milan correspondent | of the London Tim; gaf AR PG Nach. 13 One night wolves besleged the sta- 1 Am Pow & L nw, tion of Prestane-Mattegna, _near G m“-rd : Trieste, where the employes barri- i Ro M ot caded the building and defended them . Am Superpow The wolves disappeared only S s ; 3 A Saperp gt vt 4 wn. At San Pietro del Carso age De. . b . 3 Atl ¥ruit . . % [two big wild boars were killed. One ! S hnas L0 o L 072 |of them welghed more than 600 14 Borden o : 072 | pounds.” A sounder of wild hours 3 Brideeport M. 1 appeared in the Province of Savona “"‘}, Smaw 1y, [along the Riviern. Two were killed. In Umbria_wolves are reported to he ravaging the countryside. A reward of 400 lire (over $15) for each wolf | R A %ot €t SBkiyn City B R ’m shot is being offered by various mumnicinelitie: Gewirz .. M. D. Rosenberg, General Counsel .Secretary It Main 2345 100,000 Shares 8> Cumulative Preferred Stock Par Value $10 FIES Directore Hon. E. W. Pou Member of Congress R. P. Andrews President, R. P. Andrews Paper C Director, Bank of Commerce and Savings Director, National Bank of Washinzton President, Merchants and Manufactun | TR shares 6% cuw ers Association stock, par value $1 A% Hime Brod i, Am Laund Mach. 100,000 Shares Common Stock, No Par Value PRICE $125.00 Two Birds With One Stone-- Harry Crandall Ten shares common stock Prosident, Stanley Cran the hunting world— yes. But in the in- vestment world—no! Bring down the Two Birds -—Safety and Profit—by in- vesting your capital through Swartzell, Rheem & Hensey Company. Since 1869 this company has been selling First Mort- gages without loss to an in- vestor. And the present vield of our Notes is 614 % per annum. &vaflzellakbeeméflexmy(h. 727°15. amn.w w 56 Years I¥ithout Loss to An Investor A company dealing exclusively in conserv tive mortgages based on seasoned and stabil property values in and around Washington. Subscriptions May Be Made for Cash or on an Attractive Deferred Payment Plan. C E. Moran & Co., Inc. Fiscal Agents Southern Building E. T. Chewning President, Continental Clay Producte Co. Chas. A. Go'dsmith Director, Continental Trust Co. Director, United States Saving Bank. Morris Cafritz President, Catrit: Construction Co 1- STROKE of luck? In ey H{\m{us 1;-‘ Bow "5 13 But’ Niag ow 2 Burdi g-r 1‘,‘(’1’ nA'Ym 198% NATIONAL BANK STOCKS. & Redirne 85" 83 attonal Capit: : 0 hxn:.ulsw. e T Contri P olumbia ... .. ceee o . % MImerc . A ‘olline Arl wi. 33 ol 3 S0k ('gfivmm‘nnw Py s a3rec 03 B S B D1 TR SR R Money to Loan on Real Estate 0 LA ‘G e GINKINS First Mortage } Bondl Call or write for Booklet TheFH Smlth(b- Simo n Bidg.. K15 ISIA Bt -V ANY INVESTOR TN 35 VEARS .E(»mmnn P nptd 109 Common P C war 9 Consol G Bal n. 31 Consol Laud ‘onol ry Pro Contin Bak A . 269 Contin Bak B 14 Contin Bak pf 1 Congress Cigar 2 Copel Pro A ww. oy SR o mcness Paul !'mmelfarb President, Penn Uil Co. W. W. Grifiith President, Grifith Coal Corporation Director, Lincoln National Bank Morris Gewlgg Attorney-at-Law FENGES SRR SIS Main 3628, 3629. Washington, D. ¢ oo 2st PR, ¥ TRUST COMPANY. can Security & Trust... § o Doehler Dubilier C & R Durant Mot COUPON Georee W. Huguely | C. E. MORAN & CO.. President, Galliher & Huguely, Inc., Lum. Southern Building, —— ST B ber Dealers Washington, D. ¢ MAKING A“m.,“:':.y. i Ganfle::n u me literature regarding the Fed: | LIFE INSURANCE 4 Ploass fumieh mo i 4 [ Predident, Bank of Commerce and Save eral Security and Mortgage Compans. | USEFUL ! ings —is a special function of this Company., Our trust officer wiil be pleased to have you confer with him. The Washington Loan and Trust Company Sth&F 17th & G Sts. Wik, Cosn's Trast.! SAVINGS BANK NO Loss -m ey s Sesty 33 - A g e Do SRR - o 100 & N FIRE INSURANC Einane s Motor, irastone ' ¥ Z D OBS 3D BB AR DR DB BBAN DB = O DI s owas s = 33 083 ¢ 3533 AL SR J. B. Shaniro President, Joseph Shapiro Realty Co. Vernon G. Owen Proprictor, Thos. J. Owen & Son Director, Perpetual Bldg. Associatior. L vt TITLE ¢ Title . n%‘:n!bn“'m Title, D3R s - =Sug ~ Do Theaters, A oAk M e x~ Froed Elsem R C torage : Legeial VTS P G Merchauts, Tran