Evening Star Newspaper, March 9, 1926, Page 27

EEG PREESTEADY | - INLOEAL MARKET Poultry Receipts Continue Slow, With No Reduction. Meats Unchanged. No_further drop in the price of eggs was reported today. [t is the helief of dealers that the low mark of 25 ¢ will continue several da: 1t ie bare- 1v possible that prices will drop an- other cent or two, dealers state, but hardly probable. # Packers will begin putting away aggs the first of the coming month for ‘naxt Winter's trade. They would glad 1y begin storing them at prevaiing prices, it stated, were it not for fear they are not vet free from frost. Poultry receipts continue slow and prices high! Dealers see no prospects for cheaper prices the next few davs. Meats, fruits and vegetables today were quoted at prices substantia the same as those reported vest Today Wholesale Pri — . one-pound prints, s i store packed. 35. 26; can- top, 44adb; 3 Poultry, Spring chickens T.eghorns, 28; duc 20: keats, voung Dressed—Turkeys, kens, 40 L 30: ducks, young. 90a1.00 Calve thin 14: me- | heavy o 1415 25: veal. | : me- | choice Tas: hoss, dium. light. choi and medi Meate-— B 23; dressed | dium 1% 3 shoulders, 22223 hams. 30a32. Fruit and Vegetable Review. Taday's market report on fruit and vegetable (compiled by the Market Cews Hervice Bureau of Agricultural Jeonomics) says £ Apples—Supplies moderate: demand moderate, market steady. rrele— | Virginia and West Virginia, .\_ ,vlnl‘h ! 5.506.00, some fair condi- X New York, A 2l3-inch R M, mostly 450, shington. medium to large ious. 4.00; fancy fancy Romes. fancy Jushel haskets--No Telicious. 3.30: extrs 275 fancy, 2.25a sales veported. Cabbage-—Supplies mand moderate, mar stock. Florida, 1%3-bushel Round type, 2.60a2 York. bulk per ton, Danish type Celery—Supplies moderate; moderate, market steady: Florida. 10- inch crates. zen. 4.7585.00; 3 dozen. 4.2 Lettuce: Cmoderate, m fornia. Imperial tvpe. 4 dozen, 3. 3757 Onions—Supples light: _demand light. market steady; New York and Michigan, 100-pound’ sacks. veilows, ‘1. 8 No. 1, 2.75a3.00; New York, 100. pound sacks. vellows, 1. condition. 2.50. Potato Market Firm. Potatoes—Supplies moderat *mand moderate, market firm; ) . 130-pound_sacks. Russet Rurals. .75 Tdaho. 115-pound ®acke. Russet Burbanks, a6.00. s+ Spinach—Supplies moderate: mand moderate, market fairly _ South Carolina, cloth-top veneer bar- rels, Savoy tvpe, 3.50; T bushel haskets, Savoy type. 1.00a1.25. - Caulifiower—Supplies moderate; de. “mand moderate, market steady; Ore- -gon, crates, Broccoli, 2.25. -~ Carrots—Supplies light: moderate, market steady; bushel baskets, mostly 2.00. Beets—Suppiies light: demand mod- steady; Texas, bushel moderate: et stead hampe! K, al: demand steady: Cali- crates, lceberg 5 dozen, 3.50a demand Texas, 5. es light; demand moder- market steady; Mexico, crates, 7.00. Strawberries—Supplies moderate: de- ~hand limited. market steady; Florida, pony refrigerators, - mostly © quart. - Washington Stock Exchange Y Anacostia & l‘«::v:;:—:.l‘l. R. 5+—$1,000 o B 34—$1.000 at 81,000 f A oy Waih at 1021 22000 at at 113 Vo A 208, Merzenthaler Linoty 10 at R 20K, 15 At 200 AFTER CAL Wasnzton Ray 1a—%1.000 At} TR 17y C516.000 ALRY N amar Eltrtric Power nfd.—5 at 107'%. Manes—call Inans. 5 and @ per cant. Bid and Asked Prices. BONDS. PUBLIC UTILITY, American Tel. & Telga Ameriean Tel’ & Telga. Am. Tel & Tel. otl. tr. ba Anscostia“4 Potomiac By, Anacostia & Pot. suar. 5y Grorgetown Potomar Elec PUBLIC UTILITY. American Tel. & Telga, ction : E Wash. Rwy. & Wash. Rwy. & NATIONA National Ca; 5 : Columbia 7 Commercial District 7 ~-Farmers & Mechan ‘aderal- 1. BANK - National E"‘n £ A5t Natl. Bank of Washington.. | i TRUST COMPANY. . American Security & Trust ontinental Trust. .. ... rchants' Bank ?flr\m'y Savings & eventh Strest. . . Tnited States - 0.0 00 Washington Mechanics reman s { National Union.. TITLE INSURANC Columbia Title Seica Real Estate Titie s MISCELLANEOVS, r pid. torage 13 an. & Stor. - . C. Pay _anston ) Security Stor: ! Washinzton Market *Ex dividend. . In the battle against mounting Inrubbef fprices at least - 400,000.000 pounds of old rubber will be salvaged | this year, say es jThe J. ¢ acquired additionnl property an- | | of doubling its | | Received by Private Wire | BY WILLIAM F. HEFFERNAN. NEW YORK, March 9.—The vol- ume of business on the Curb Ex- change fell off today and at .times | dullness prevailed. nited Light and | Power issues, which furnished the feature in the drastic decline of last week in the public utility group,con- tinued to reach lower levels. But the selling was hy no means as pro- nounced as it had been recently. Monday's report that strong banking interests had come to the rescue of the market for the stock was verified 1 by the statement of the president | that ctically all of the floating supp had been taken over. Congiderable interest centered in the dealings 1n the new Tidewater Asso- ciated OIl preferred and common, which were admitted cn a when-issued NEW YORK. March 9. -Following is an official list of bonds and stocks traded in on the New York Curb Mar- Ket today: Sales in thosans Low. guas. Am Tt G Am Roll Mili 65! Am W W Bs A 1 Anaconda 6x . . HAMo G & E ) m Hard 6134 Se wi. il T, Can un T & Slas 5Thn S & Pan Am_Pet fs.. . 101 paramt Buav 3iza 6 Pen Ohio Ed 6s A. 88wt & Co Bk | 10 Transcon Oil 78 . 1Un Ol Prod 8a . 6 Vacuum 0N 74 1 Walwor Mf 08 A e 28 90 r CiL E 61ge 30 TR, Cologne” 6148 N8 resden 7s.. 92 v Heide & n Elec Ger 613% r Con Mu_Ta Wi Can 42 wi SozSoncerEns SEEFT LT ERE 3 F FABWISS e e 5D, BEE e n 5. gtu 1% 7y & 1 7y '35 4 oI & C &x 34 B 108% sesan 1 & STl 78 98T estn Un El 68 K63 Sales in STANDARD OIL ISSUE unjte Y ZEERRSESSEER3325E »2 n 500 Anglo Am Oil. 171 100 Ang & O vie cd t Lohos nfd um T O A e Imp O of Can d P L.... ter” pei 6L hio Oi] .. rairié O 23 38t e 120 Snc s =N c3 sibeon 01l Cor 3 Gulf Oil of P A Lazo Pet .. 44 Lago O AL a9 1 9 Leonard Ofl' Fion Ol .. Gmigmz B = e 835522080 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY DETROIT, March 9.— Predictions are made here that during the next four months more than 1,500,000 cars will be manufactured. Replacements probably will require about 2,000,000 cars this year. There are now about 20,000,000 cars in use in this country. Henry Ford predicts there will be 30.000,000 before anything like the saturation point is reached. MASSILLON, Ohio, March 9.—The Central Steel Co., largest maker of alloy steel, is operating practically in full and expects to expand its coke ovens and by-products plants. The new blast furnaces will be heated May 1. PORTLAND, Oreg., March 9.— Western Pine Association mills are| showing a slight gain in production, which is about 65 per cent of normal. West Coast Lumber Association mills in the last week produced 96,369,808 feet, sold 99,728,021 feet and shipped 97,845,616 feet. - ATLANTA, March 9.—The Goodyear Tire and Rubber Co. has purchased the Cedartown Cotton Mill, at Cedar- town, Ga., and will increase its ca- pacity from 12,000 to 30,000 spindles a day. The plant will he operated 24 hours a day on material for tires. MANCHESTER, - chester for the purpos production of shoes, will require 400 more employes here. CLEVELAND, March 9.—The Chase Bag Co. is acquiring control from E. B. Allen and associates of the Adams Bag Co. in a mergér which NEW YORK CURB MARKET Direct to) The Star Office basis Monday. The new shares repre- sent the company to be formed through the consolidation of the As. sociated Ofl and Tidewater Oll. Trad- ing In the common stock continued around 26%. while the preferred changed hands at 98%, where it was slightly below the top of vesterday. Reports of an impending consolida- tion In the equipment industry brought out some buying of Brill is. sues which are affiliated with one of the companiées concerned in the merger rumors. The “A” shhres were unchanged at 40% and the “B" at 20% were up a poin Humble Ol raced a point of the (wo-point loss of Monday following declaration of the regular quarterly dividend. Other oil shares recovered fractionally. but there was no sign of renewed operations for the rise. 10 Livingston Pet 1 4t 11 Mex A% L5 13% 112 K wi 5 Venezuelan Pet. T Warner Quinlan.. INDUSTRIALS Ala Gt South pf. 8% 1 Amal Leather.”.. 1314 L 26t ¢ I placed IMPORTS AT BALTIMORE | _ $Farexsr or,gue coxmimios | SHOW $137,697 INCREASE| THE CONTINENTAL! INSURANCE COMPANY - Alat day of December, lumbia Ct e une 902, Seninih, fo. o a; ot Th iai A ok - . .$10.000.000.00 i gafiar ok L ah o et 10,000.000.00 373.00 e 188834505 56.200.00 | o 304.520.00 P {0 £k COTTON STEADIER, WITH SLIGHT GAIN Cables and British Consump- tion Repofis ‘Strengthen Market in U. S. By the Associated Prees. NEW YORK, March 9. & tures opened steady. March, May, 18.70; July, 18.08; October, 11.] POTATO TRADING ;LOW‘. December, 17.01 p : e i gt | CHICAGO, March 9 (#).—Potatoes-- 0.0 The cotton market was.steadiér at|orading rather slow, market Ataady | Commis 1884085 the opening today and 4 o 9 poifts on russets, fitm on round whites: re. | (a4 dividends remainine un. 0 higher, Subsequently frrther slight|ceipts, 101 cars. total United States | capmial ‘stock . . .0 ,é_gfifl‘fixfi% gains were made, May reaching 18.72 | SHIPments, Bi6: Wisconsin sneked | All other Tiaiiitis L A8s8.BIRS o s A round whites, 3.7523.90: few fancy, Total Iamilits $13513.70A35 etober 17.35, followed by’ mod-|4.00; Minnescta sacked round whites, | _Character. of " hisine erate recagsiona of about 5 to 6 points|3.6013.75; Tdaho sacked russets, 3.78a H2b: Insurance {during the first hour. > 3.90; Washington sacked russets, 3.80, ean " miariie Tatomo Steady canles and a report that the inlAnd “and ocean marine. automobile. axplosion. riot and civil com- Masters' Federation had recommended T L e Rl L an increase of working hours in Brit- Amount of risk assumed ish spinning mills using - American JUHNE the Jaar 1925 .8 coiton from 30% to 35 per week fur- Ofhe venr hah. . UK nisned most of the incentive for the vd diring the early support in this market. o World Consumption. Another factor of considerable im- portance was the statement of “sta- tistics of world consumption and stocks of American cotton for the period of July 31, 1925, to January 81, 1926, as calculated by the Inter- national Federation .of Master Cot- ton Spinners and Manufacturers’ As sociation. "Total consumption was at 6,987,000 hales, compared with 7,022,000 for the preceding six Special Dispatch to The Star. BALTIMORE, Mareh 9.—Imports through the port of Baltimore last ‘week ‘showed an increase of $137,697 compared with the previous week, while exports decreased $1,248,202, ac- cording to the weekly report of the collector of customs. Imports totaled $1,249,979, of $1.156,960 was admitted f) ‘while exports amounted to $3,746,922 and consisted principally of fertilizer, bar- ley, semi-anthracite coal, lumber, corn, copper, tobacco, reapers, tin plate. cotton, bituminous coal, oatmeal, ce- ent. switched material, parafin wax, cornstarch, steel, woodwork, tires, 5 flour, cotton duck. aulphate of am: | miseet due monia. wire rods and wheat. Total ‘otal which Cash in office. Cash in bank. Renl 1o . . agente. . And aceri asset LIABILITIES Net_unpaid claim: Reserve ae reauired by isw! Salaries, rent.. expenses, N : biakérars. e 9.324.768.062 nnl 12.120.308.32 932.001.27 REAL ESTATE LOANS ANY AMOUNT RESIDENCE LOANS AT LOW RATES FRED T. NESBIT NVESTMENT BLDG. Main 9392 Money to Loan cured by firat deed of trust on real estate revailing inter miesion Joseph 1. Weller +33 Money ‘reca Subseribed _and awo 11th day of Fehruary w NSTONE. (Seal) Public .| First Trust Money ON HAND 14 € 1 Land Co Fla 81 Loh Pow new Cahigh Val Coai. anigh Val ©Nt wens Sh G SEADE TROn s idland st prod 7 Mid Wear Uil roct & Gamble.. 1 ¥ Bak A. Rich Rad new. .. Schulte Real, Eet. A 2 Tubize A S'B vic S Ture Soi Lamp. TRADING IS CAUTIOUS. NEW YORK, March 9 (#).—A perusal of commission house advices leads to the conclusion that no def- inite price trend is ilkely to devetop until after the tax payments are out of the way next week, Some observer. point out that a few days of comparatively quiet trading should materially help the market to, recover from the shock of last week's violent decline. Trading is still of a cautious character with professionals more inclined to make commitments “for a turn” than te extend their previously established market positions. . 117 ISSUE OVERSUBSCRIBED. { NEW YORK, March 9 (#).—Howe, Snow & Bertles today announced that the $5,000,000 issue of 6% per cent 20-year sinking, fund bonds of the Roman Catholic Church of Bavaria jhad been oversubscribed and the | brings together the oldest textile bag and oldest rope stock and paper bag manufacturers In the United States. CHICAGO, March 9.—Packers re- port that the tone of their trade again was mixed in the week. [resh pork continued to show firmuess under sttmulation of good demand. Beef trade continued dull, with prices tend- ing lower. PHILADELPHIA, March 9.—Two PN-10 type Navy planes are being rushed to complefion at the League Island Navy Yard here for a proposed long-distance flight to San Diego by way of Cuba and Panama. - ! GRAND FORKS, N. D.. March A survey of the official estimates of wheat production shows that North Dakota leatls all Swies in Spring | wheat and in total wheat. Sackatche- wan, Canada; however, roduced more than twice as much wheat as this State, and the output of Alberta was larger than in any State of the Unlon except North | booke closed. The bonds were offered fat 93% to yield 7.10. per cent. | { TREASURY CERTIFICATES. | (Quotations furnished by Redmond & Co.) e NOOR wtaciitans G Offer. 1 w 48 June 14 Sept. 1 4% s March 1 ii 28 Dec. 15, 19 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! . i Bees at School. | Beekeeping Is a part of the éurrieu- |lum of rurai schools in Ontario. In 118 schools in Wentworth. Count laro kept in observation hives schoolroom. —Auvailable for Both Building Loans and Completed Properties Reasonable Interest and Commission JAMES F. SHEA 643 Louisiana Ave. N.W. months: milk stocks of American to tated 2,827,000, compared with 1,815, | 000 the preceding six months, Twenty notices of intention to de liver on March contracts were’ jssued this morning. g Buainess in March contracts was funusually active during the forenoon at 58 points over May, notwithstand. | ing that trading in that comtract will | cease at noon tomorrow. The deal.- | ings in later months were quieter-and | at midday prices were about 3 points net higher on old crops and 3 to 4 points lower on new, the latter be. | ing influenced by favorable' crop ad vices, | FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 3 1315 F Street JOHN POOLE, President Money to Loan on Real VN A FIRST MORTGAGES Money at 54% Very Desirable Conditions: Granted Tyler & Rutherford New Orleans Quotations. NEW ORL March 9 Cotton futures opened 18.44; May, 17.97; July ber, 16.69: 'December, First trades showed gains of 1 to 4| points, As cables reported spinners | seeking an increase in working time In mills using American’ cotton, and as the weather was less favorabie, | prices continued to improve after the ' call. May traded up to . Jul to 1730 and October to to 9 points above Further covering near. months | ). Republic of Finland 7% Bonds—due 1950 tian of the in Cclase, Direet_abl shorts also was repofted. Al the Republi end of the first half hofir the market | L was steady, with an ‘upward trend. | Noon- Quotations. | W ORL 8, March 9 (@) | n futures, nodn.’ bids steady. f Tuly, 1747 | -, 16,65, ' NEW YORK, Marehi & (). - €otton futures, 11145 am., bide g#ready. March, 10.22; May, 18,66 Jaiy; 5,02 Loan Correspondent .Mutual Benefit Life Ins. Co.. Newark, N. J. © 1018 Vermont Ave. Phone Main 475 R 3 ds | F:m'hlor:'glfl'_‘}:“ _n“'; F H.Smith Co. The National City Company October, Decomber, 16,95, AR 138 Washington— BIG CONOWINGO DAM | A /p TeFHSTR" || Mg BU'LD'NG STARTED NO 1one TA \ |m4 Telephone—>Main 3178 payahle ates xold coin The soundness of these Bonds is -evidenced by. Finland's Government finances and ite favor- able trade balance. Price to yield about 7.20%¢ Civentar bn request «t Waterpower Projetc for Phil- 3,000 Men to Be Employed in Huge | adelphia District. | A Small Element of Safety Should Not Exist in. a Well Ordered Investment I | It Should Be Safety Itself A First Mortgage Note on Washington's Real Estate is Special Dispatch to The Star BALTIMORE. March 9.—¢onstruc. tlor: of the $52,000,000 Conowingo dam started vestérday. S - Within three years, promoters es. timate, the gecand largest waterpower plant in the United States will sfart developing electricity to he used -in Philadelphia and the Delaware River industrial” distric! A The Arundel Corporation of Ralti- more will bulld the Marylind sids of the dam and Stone & Webster the| ‘Ivania side. i l 090 to 3500 men wH] be em.- | ploved. acrording to Joseph J. Hock, | Safety Itself A Safe Investment That Yields an Annual Income of 6% INVESTMENT DEPARTMENT HANNON: & LUCH 713, 715 and 717 14¢th St. Main 2345 president of the Arundel Corporation Mr. Hock announced that the polics jof hoth companies will be to employ as many Marvlanders ag possible, The Arundel Corporation will’ do about $20,000.000 worth. of the work | on a “cost plus basis. The Philadel. | phia Electric Ca. is the promoter of | the project. - SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Adiron. P. & Lt Co. 8 Alum E, of Amer. at. S A 1. & C. 48 33338, TE P SRR re- =t 3393 35532333233333323332 S538333333R523E23533533323R3333233: PESZESIRPIEE PEES FEFESFEEE SR, 5953523259533 0% bt ot ek aiine b 25 justifies the full liance investors . place - 6%% organization.. A dauiders Coe of Business Success in First Mortgage Notes recommended by this Founded 1887 14233 K Street : : Main 1016 L T ey s i SzpLs00505255 §5352533233532 5532500550020 =See533055555! PRILTE SIS SSETEEEERE ooy GERMAN BONDS AND STOCKS. (Quoted in dollars ner m“ll(flid‘m"n_» * Asked. er Gt (w In) Ba 1014-18. 2800 478100 15e 1019, &0.0) almml:‘x’ 415s m“ndpngz 00 riin rueni \‘n d‘l\"! Uy " e ai Flee 310 15157 wa We Are Not Declining Any “Good Loans” . We are in the market for loans on good . real estate. : We have plenty of money for the purpose and are accepting all loans offered that measure up to.our standards. ek G (Gen Hined ewag Stock (8 Aust El) BAR SILVER QUOTATION. NEW YORK, March:9 UP).—Bar silver, 86 Mexican dollats, 515, LEAD PRICE REDUCED. NEW YORK, Mareh 9 (P).~The American Smelting and Refining Com- 3 erday reduced; the price of .75 to 3.60 cents per pound. If you want mortgage maney quickly and " believe that you have the right kind of security, try us FIRST. - 'B.:F. SAUL ., CO. Main 2100 925 15th St. N, W. INCREASE DIRECTORATE. EW YORK, March 9 (#).—The board ~of -directors eof Independent Oll & Gas has !)b“'l:l l_xmr‘:l‘(‘l to ‘n members -from 9. New .directors. in- elude *Willard 'Martin, Don M. Kelly and J, Donald ¥unun. FINANCIAL. “A few mwre DEPOSIT DAYS and we'll OWN our OWN HOME." HAVE A DEPOSIT DAY Small Accounts are weleomed —— tell your friends sbout DEPOSIT DAY — bring them in with you. We shall appreciate your interest. National Savings & Trust Co. 39th Year Oldest Savings Depository in Washington Cor. 15th and New York Ave. 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. ~5%% ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMP. MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Houses Busine: Apartments Office Buildings APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Lecated in the Distriot of Columbia and adjacent Suburbe in Montgomery County, Mé e ‘,‘fl. panly reo H. L. RUST COMPANY LOAN CORRESPONDENT Sse¢ PRUDENTIAL INSURANCE COMPANY ¢ AMERICA 13 15th Street N.W. Being able to pick the best in Business Prop- erties requires the care- ful investigation of an expert. Stech counsclors make up the personncl of our Busi- ness Property Department. Fledgey & Mjddleton’> PLAN FOR SUCCESS Plan the placing of your sur- plus funds wisely, to assure financial success. Seasoned, suc- cessful investors purchase our 6%2% FIRST MORTGAGES Ower a Quarter of a Century They provide proven protec- tion for your principal, based on sound real estate gecurity; our own experienced judgment and management assure your inter- est. In Amounts of $250 and Up. Without a Loss B. F. SAUL CO. Main 2100 925 15th St. N.W.