Evening Star Newspaper, March 10, 1926, Page 31

' FIN GOTTON HAS GAINS OF 2706 POINTS, Market Qmet But Steady. | Covering ¢f March Con- tracts Is a Feature. the Ascaciated Press NEW YORK. Mafeh 16, Cotton futures apened stpady: March, 19.38; May. 18.80: Jui€ 18.19; October, 17.36; December. 15.06 Prices Svere 2 to & points higher, remaming steady throughout the first hour when the list was 1 to 5 points ‘met higher. Early buyers included horts, the trade. Wall Street, com mission houses and Liverpool. Further covering of March contracts was o feature at the opening and ssemed to come largelv from foreign eources. Not only was the weekly weather report regarded as favorable on the whole. but further moderate ta heavy rains quite zenerally over the Central and Western belts tended to put the =a! in excellent condition for approacaing farm ovpera Twelve Ttices of inten ton 1o de- (liver an March contracts were ic<ued, In agditien ta hedzing sales there wae Yight pressure from the South, Nev. Orleans and spot houses During the forenoon reh con- tracts <old down to [Sior 1B points net lower. and whe thev ex- phed at 17 o'clock were auoted at 19.30. maintaining « difference of 56 points over Max. The entire market was easier after 11 oelock, refieciing from the local dry Roods dis private advices con- firming Av's rumors ahout curtailment by cotton mills in North CRroling, active positions hej 1honut 8 10 4 points net lower at 12 o'clock. NEW ORLIANS. Mareh 10 () - ton futnres 12,62 hid. M toher, 15 The mar hut steady. first trades ine of 5 to 6 points, which “were due tn the hetter cables than expecied and rainy , Weather in the helt. The market co tinued to improve after the call until May traded to 18.17, July 1o 17.63 and October 10 16.77. or 5 1o 10 paints ahove vesterday's close. Toward the end of the ensed off 3 t on realizin Noon Quotatie rsi half hour the market 3 poinis from the highs V' ORLEANS, March 10 (P)— futures naon bids steady March, 18.36: Mav, 18.06: July. 17.53 October, 16.70; December, 1870 NEW YORK. 10 (P —Cot- ton futures 11 hids steady March A July, 18.14: Ocioher 163 ALUMINUM PRODUCTION OF U. S. DECREASED 3 PCT. Aluminum production in the United Btates decreased by 3 per cent 1925 as compared with 1924, gating 836.430.0¢0 in value. the Bmeau; The de-rease | of Mines said tofay. wae laid by the bureau to the drousht in the eastern States, two plants to shut down for week: Imports of aluminum and alloy in several metal, 45 per cent as Peaching a total nf 43,499,546 pounds valued a: 10,150,497 25. Ex-| ports of aluminum ingot ps and pounds. valued at increase of . an 142 per cent as compared with 1424 | 5 180 ¥ar “eanat S 200 Ohio O1] — I 800 Praire O & G n . 10 Solar Refinirg A Fool and His Money. |« §p couth Lereyipn. . The fact that a stock certificate is | printed in fancy green scroflwork is | nk proof that it is worth ans than ordinary wall paner. of people #aved their money if the aked their hanker to tell t he knew of some supposedi: ful investment. REER Washmcton Stock Exchange‘ SALES ity and Suburhan Teartion=o1 £1.000 at A6 | Wachin Foion Tiug Columbia Tyt] A Merrhants Transfer & w1001 - AFTFR CALL Washington Ruv. & Fle i B ssninxton Potomar F it -4- N6 3y Canital Trantion Merchants Toan SLY| a on T L atomar Elec Pou. nfa % ar 107, Monex—all 1oans. 5 and 8 per cent. Bid and Asked Prices. . BONDS. | PUBLIC UTILITY, - 1. Asked. erican Te pa (o American T e Telea. 4. 87 T al Armerican Tcl Am Tcl & T Abacosiia & Anacocuz & Pot. ua: & P. Telcphone - & P Telenhone of V. .“..m Traction R, P uaman e s 1w V(‘uhmt:nn :.4.' ington Gas B W e e, e Bl £ LRl “wen Bal 1021 Paner Cao Joune ok T BK Pt Southern Bidg. 61 Warh. M. Cold Storage B, 85 STOCKS. PUBLIC UTILITY Tel & Telea...... American Camu.l Iraction n_Gas mk Fe wun Steambo - Blec. Pow. ptd. o Eiee. Pow. Int cif ash. Rwy. & Elec AL Rwy. & Eiec NATIONAL BAS National Capitol... . ia z i Cotumb Cemmerci et o ‘Armers ‘ederal- Liberts . KR Mn Eak ol Mesineion TRUST COMPANY Amarican Securits & Trust 100 '“;w ntal Trusi. . ing 1 hants Bank t Stiony] Savings & Triin 3 lon Trust . 250 . . 500 ia Title . . . state Titie which caused ‘ more ! Thousands | 1 n Washingion would have ! | | 600 Yacuum 0N salee i v i "Cont Oilfields 61, 81 @1 14D Sifacalbe € £m An 8w i Rrcon 08 10 nO1F5 10k @ Cantinal Pei in i% e 157 180 . IO & Sy o s 831 ;Sx hia "Syné 213 2 umbia e In | | cussed the different denominations in a certain ANCIAL, Received by Private Wire BY WILLIAM F. HEFFERNAN, “§|\\ YORK. March 10.—The up- d movement predominated in the but with in a > market trading today, iImprovement, pronounced only few of he public utilit heen tnder severe the Tecent decline. “One of the most noteworthy dents was the heavy demand for | South American oil issues. Carib Syndicate, on reports that British Oil interests * actively enzaged in the development of South American oil properties were seekinz to acquire complete control. ran up almost a poini on a turnover. The de mand for 3 Panuco increased | sharply pany had purchased the Carare-C inei- n on the veport that the com- 1a- NEW YORK. March 10.—Following is an official list of honds and stocks traded in on the New York Curh Mar ket today Sales in BONDS . honsands H Low 5. 1 Alred Packers Hs b < Alhed Packers S« IR . 2013 3 a7y 3 2 . Bhis ham Ty 28T i a1y A8 ‘ o /s 1001, 100 103% 1037% !Rfi’\ |gi‘ | 1108 1105 | a3 | o353 313 a1 0. 0815 238 ¥ Inlant Steel 2 Tnenir Con 61 1 Ind 01l & Re ~"<ORub 61y num_ 01l 5 s i W Ma Be Mil 61ax a0 Ty 1300 Ima' 01 ¢ 0 Inliana 2100 Tnt Ber Co Lt %0 Sonthern P 50 ‘muh‘\pll Pa PL 13R0 570 Cant w s 1800 5 00 S 0 Kantcis o Neiwaska o NY o oo 1001 101 INDEPENDENT OIL STOCKS. 2. Mount Gulf Bradford 0 EVERYMAN’S INVESTMENTS FORGE T. HUGHES. L3} Registered and Coupon Bonds. the preceding article we dis- which honds come. There is another important distinction, between the registered and the coupon bond. A registered bond is one of which the company has a record of the owner. The latter’s name appears on the face |ofof the bond and it can be trans- ferred only by having the change made on the hooks of the company. The advantage of a registered bond is that if lost it can upon proper proof be replaced by a new hond. The disadvantage is that it takes a longer time to complete a sale than it does | with a coupon tond. For this rea- son coupon honds generally sell | slightly higher than registered honds. Tnterest is paid to the holders of registered bonds by check: owners of coupon bonds are obliged te cut the coupons and deposit them in the bhank for collection. The registered hond has a further advantage in that if it is called for redemption the company can notify the holder directly by mail. whereas the only means of communi- atlon with owners of coupon bonds is means of advertisements in the This is sometimes Im- papers. nt when the bondholder is not in | |¢lose touch with financial develop: | 1f he holds a coupon bond ' happen to notice that lose I ments. and does not his hond has heen called he may amount of interest. All traders and most investors who |do much shifting ahout of their hold- ings prefer the coupon bonde. 1t | must be remembered that pwnership of a coupon bond passes by delivery. and it is necessary that a safe place he provided for s keeping. Every- one ought tn have a safe deposit hox' at the hank to keep securities and nther valuahle papers. and here is| where coupon bonds should be placed. ; ot all bonds are available in register- ed. but practically all come in coupon form. Sometimes a hond is registerable as | to principal. in which case it cannot be transferred except on the books of the company. but is not register- able as to interest. in which case the ~oupons must be cut and deposited for collection. Generally. but not always, registered and coupon bonds are in- terchangeable, although there s a small fee charged for the service. MISCELLANEOUS. - - i SR ,282 él"“ L ey RS 6% [ Thir is, of course, an advantage, as an dnvestor may at one time prefer one form and afterward want the NEW YORK CURB MARKET THE EVEN Direct to The Star Office vabite and Opon-Grancuri ol lande in Colom Lago Oil and Transport | wii mot be namarea ot recd class “A" gained almost a point, and ;\fi 'n"”| ?E! 0 75 incl ,! i Venezuelean Petroleum was up frac- | 15579400 Jih, 1 o 130 incl.. 131 tonally. {0,154 incl.. ‘lfll’i‘flmu‘ mx» ) inel. 163 16 164 United Light and Power “A." which [18%;900.1% 127 |3 i “"( X g around the low level has been re- 2 g,) '_"s:: ,u 204, ceiving banking support. ran up ated mm_,," 1o vather sharply - on short covering. | wASHik GTON icn FACTURING Middle West Utilities was another y Fi feature, getting well above the Tu day fina High-priced specialties like Glen Alden were responsive to buyinz operations. (illette Safety Razor gained almost a point, Foundation Co. Foreign. 2 points, and Victor Talking Machine a similar amount. Electric Refrigerator resumed its upward movement and Mengel Box came in for attention. 10 Red Bank Onl Reiter:Foster il Con A hrad 19 Tidewater 0N wi R Tidewater O n wi INDUSTRIALS Sales in hundreds o TAla & Gt Seuth. 9% 1 Alum Co new pf R m Sunernow Gas & FElec tlae P Conew in 3480 1 o r 303194 D130 8 0550m 30m RS BD e e R BN o oF il Wes w a ‘21 3 \dvate ohawl Vallsy n Hud Pow ul\l" Macter € R ) 22222242 427477, EEEES 1sbuy M Ine lgnrlll El (.-p"'ll 2 roct zamble . 3R s e ! ur ak A R Rand Kar Bu n.. 1 Rea Motor .. 3 Bickenhacker M I A1t 3 8are Y Corn A 2415 3 Snia Viseowa TR 13 i3 16S0uth Gas & P A 24 2 18 Sonm P 300 afy A0, 1600 South P &L war 11° f0N 11 7 Sou Cal 1241235 178 30 A e MaLe 1B AT 0% 1707 1en TRy 1R L0 ] s 1am 15 I 108 go8 125 qa1y 2001s 2003} s iy g 21 777 R3M i 188 d1y 18y 191 At 1A% T8N SN R 0813 pR1, 081} 3 Ser © Hgi PN S Y T N s 1ia 2e daet B4 CCnoidl 1w 81 Bl 33 Yol Tax € NV TAC Ty 10w MINING STOCKS. 10 Binzham Mines 3000 4 Calaveras Con 2 ax i Carnezia: Metals.. 18 18 10 Divide Extane 03 0 M T 113 13 50 Haxthorne M 1. 2% 28 n i s fine 17 139 30 Kav Conner €or. 3 1 Earr Laks in =0 National T 11 en ns 3 New Cornelia . © 201, ty New Jeraes Zine 19) 188 4% Ohin o 2 29 50 Plymouth 14 ‘M kt I Premier, Goid M 2 91y A Rech Silv . o o 2 Tonn Baimant ' O " 2 Tonopah Fxt 7 i ATan Avex 1 1Tean Mera 3 2 Wenden Conner. = CHICAGO, March 10 (@) Tsing A recent agreement with the Norfolk and Western Raflway as a basis, the Brotherhood of Rallway Signal Men yesterday started negotiations here with 22 of the largest railroads in the country asking for wage in- creases which, If granted, will estah. lish a rate of 77 cents an hour for this class of employes. The =signal men on the Norfolk and Western Railway were granted an increase of 2 cents an hour. retro- active te February 1. which makes the rate 77 cents an hour. Exempt from all Federal Income Taxes City of Greenville, S. C. 5% Water Works Bonds Due January 1, 1965 Optional January 1, 1845 Greenville, the county seat of Greenville County, is located in the northwest section of the State. It is one of the lead- ing indust centers of the South, having 22 large cotton mills, as well as other impor- tant industries, cluding lnn- her and flour mills and factories. The City owns own water supply system, which has a present veplace- ment value of over $5,000,000. Price to yield: 4.50% to optional date 5.00% thereafter E. H. Rollins & Sons Founded 1878 416 Woodward Bldg., Washing! osion Ngr York Philadelphia A Denver San Francisce NG _STAR. WASHING TON D € WEDNESDAY., MARCH 1 192 FINANCIAL NOTICE IS HEREBY GIVEN THAT WITH | jthe excentions hereinattar mentioned all cou; aturinge August n25. cn the gold Washington, . ¢ esentment should not "be made at the Potomac Savings Bank. the place of pasment mentioned in said coupons. e following numbered cougons. howeser: Money to Loan Secured by firat deed of trust on real estats. Prevailing interest a mmi MANHA' r'l'\\ AND INSURANCE COMPANY. IH\! MARINI Of 84 Willlams <t New York City. on the 3161 day ‘of Desomber. 1825 s venmrrd under “the Digtrier af | Columpia. (g smended June 301902, and August 18, | Capitai stock £400.000.00 Capital stock. paid ip. in cash. | 400 000.00 ASSETS Cath n offie. $2.600.00 | Cash i hani | Stocka” and honds market | Valtier 1113 810.00 Premiyme uncoliavied and” in hands of agents Interest due and accried e 0318, Al other 18 Due i other companies o rein ance on losses alreads pa Total assets . LIABILITIES Net unpaid elaime Reserve an reauired by law alaries. Tients expenses. faxes. Commi Canital brokerags. stn’ 5050 &7 k $00.000.00 other liahiiities imated expenses onlosses $1.279.00 Estimated ~ refuind e serve on tornade and huilders and_ carpan ters rigks (Wis) ot abilties £R01 50 of bakiness tfansacied during (he paar g ler of phmnass franasaind durins the sprinkler Ieakake el commotion and exploson. sarthauake Amount 6f risk assumed dur ine the rear 1975 Lenser sustaine £105.278.310.00 Auring the | 153.502 7% \1.";.‘ rereed during the i Vear 318.042.0 Expended during the sear OB, B PACKARD r-“f”';m F“?T’ N B Secret, e arn o hefore me this v 1928 Aurv MURPHY (Seal s otare Pubiic Notars nublic. Queans Conpty. Queens :':nm; Clerk's No. 3128, Certific cafe fled in ork Countr, No. 7162 LClerks No mi ister's on exmres March 30, NAT l()\ AL L \l()\ INSURANCE COMPANY Of Washington. 1. .. on the 31st das of Docember. 1025 ‘% tequired mnder . the Distriet ot Columbia :ml amended une and ‘August 15,19 Capital ' stack Canital stoek. paid Kan.0n0.00 cash. . 100.000.00 Y Cash in e 32 | Cagh 1n bank | Real astate and loans an real a < 475.540.00 and " honds " imarket B 20.382 50 | incaliected “and 1n 107051 | Intereat and" ranu due and ac erued Total assets LIA Net unpaid clami merve as required hy law Estimated taxes pasable. . etc hills. Capital stock SIPIh overvii tabui Total hanilities 1 d Auring the year 1 Exponded g the - cea 5 ncluding »wm-m-- preadent PHILIP F. hizen Subscribed and LARNER eretars orn to hefore me this 25th (Seal FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street or Booklet 71 The F.1L. Smith Co. 00 Tie \’;v"\‘:x.\nu- | N0 Loss To ANY INVESTO ANY AMOUNT APARTMPNT HOUSES PROPERTY RESIDEXCE LOANS AT LOW RATES FRED T. NESBIT INVESTMENT BLD(L Mlm 9392 Lowest Rates—RBest mudnmu OFFERED TO BORROWERS LOAN CORRESPONDENTS. Mutual Renefit Life Ins. Co., Newark, N.J. 1018 VERMONT AVE. MATN 478 |WE PAY MORE lNTEREST\ Than Any Other National Bank n Washington Interest on DAILY Balances Come in and let us explain Commercial Nat'l Bank 11th and G Streets I Resources $17,000,000 | R. GOLDEN DONALDSON. Pl',‘"ll\"l' | real estate. up to our standards. try us RIRST. Main 2100 But Once” 713, ON SAVINGS ACCOUNTS || We Are Not fieclining Any “Good Loans” First Mortgage Notes On Improved Washingtan Real Ectate 715 and 717 14th St. Main 2345 FIRST MORTGAGES Money at 54% Very Desirable Conditions Granted Tyler & Rutherford Loan Correspondent . Mutual Benefit Life Ins. Newark, N. J. 1018 Vermont Ave. Phone Main 475 We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of in est. Should you have Money to Invest -——we can also take care of you. Our experience, tending over a period Thirty-Five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. We are in the market for loans on good We have plenty of money for the purpose and are accepting all loans offered that measure If you want mortgage money quickly and helieve that you have the right kind of security, B. F. SAUL CO. 925 15th St. N.V “Opportunity Knocks OU will be iree to welcome it if you are financially thrifty. Plan for the purchase of Our Partial Payment provides a svstem where an small monthly pavments ven ran establish a plus with an annual return of 612% Investment Department Financial from care. best habits ESTABLISHED 1882 one can have. BOOKLET 785-G INVESTMENT BONDS 929 FIFTEENTH STREET Telephone Main 5847 WASHINGTON Successful Americans E way to success is plain. For 999 out of 1,000 men, it lies not in a sudden turn of fortune, but in the steady accumulation of funds that mean, in the longrun,independence and comfortand freedom The best way to accumulate funds,as thousands of successful Americans have found, is to learn and practice the habit of safe investment—one of the Safe investments may yield one a second income, above one’s regular earnings, or, better still, will build a comfortable fortune in a surprisingly short term of years, if the interest be re-invested regularly. Straus Bonds, yielding at present 5.75 to 6.25%, with Straus safety and a favorable market, afford an ideal investment for those who are building up indepen- -dentfortunes. Investigate. Write today for descriptive literature, and specify S.W.STRAUS & CO. - 44 YEARS WITHOUT LOSS TO ANY INVESTOR INCORPORATED o Prompt Action I {First Mortgage Loans| Lowest Rates of Interest and Commission ‘ Tho J. Fi mas E .'"fi.'n."mc""'”"" lnc.; Money to Loan on Real Estate GEQ:s W: LINKINS Co.. Metropolitan Life Insurance Company OF NEW YORK FIRST MORTGAGE LOANS Apply to WEAVER BROS. Realtors 809 15th St. N\W. Main 9486 ter- 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. - 51/2 Ofp ==t ON APPROVED SECURITY Apply RANDALL-H. HAGNER & COMP. MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 ex- of Equitable Co-operative Building Ass'n AOHN JOY EDSON, President FRANK P. REESIDE. Secretary Organized 1879 16th YEAR COMPLETED $5.031,814.86 Surplus $1,352,749.93 Subscriptions for the 90th Issue of Stock Being Received Assets . V. a3 / \ e The Systematic Saver Usually SHARES Accomplishes His s 50 Purpose 2. SAVING THROUGH THE EQUITABLE PER Whether vou're saving for a house or MONTH euTTAnd Ut svstsmatic savings pian & helping hand. \/ .:‘ “Join Today—Save Each Payday.” 915 F Street N.W. Over a Quarter of a Centurvis Expericnce The Management of Your Rental Property calls for experience. specialization. and thor- ough understanding of rcntal problems. For over a quarter of a century we have specialized in prop- erty management, to the profit of many owners. l.et us supervise your rents to assure you max- imum return. B. F. SAUL CO. Main 2100 925 15th St. N.W. 64% Time Proven Real Estate Mortgages URING the past thirty-six years, the first ‘mortgage notes purchased by in- vestors from this Company have proven their sterling qualities of safety, profit and convenience. The pres- the same high investment ent offerings maintain standards. They are AFE, because the mortgages are not only abundantly secured by the property, but are the direct obligations of financially re- sponsible borrowers. PROFIT ABLE, because the present mort- gage notes pay 6% % interest. interest CON\'ENIENT. because the checks are promptly received by the in- vestor or his bank on the day due. H. L. RUST COMPANY 912 15th Street N.W. Main 6888