Evening Star Newspaper, March 13, 1926, Page 15

F THE ASPARAGUS IS SOLD| [ "NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office IN LOCAL MARKET NEW YOR] Texas and Bermuda Supplied|" Capital When Florida ‘Growers Failed. Bermuda and T been furnishing local plies ing the Winter and early ods, and this week dealel the first shipment of as sras zoud qual ers at §1 Had o Fiorida shipments - early Dles. it would have been h of buvers. Florida wers simply an the job." a local dealer remarked. and found is far Tt probubly was because of lack of garden more help and other conditions. hands being able to earn muc money at other employments.’ Comes From California. The grass came from California. Iceberg lettuce would have been ex- ceptionally scarce and high through- out the Winter if Florida shippers had 10 ba relied upon, according to dealers. California _and Mexican® peas were $4.50 and $5 @ fow string beans a ing from Flovida. and the pr morning was quoted at $10 the by ue heavy. The low price of S kept as higl higher pr. ping their surplus prices rule. Butter prices took a drop during the week, enabling retailers to sell the product b cents a pound cheaper. Meat and poultry prices continued at practically the same level throughout the week. Today’s Wholesale Prices. ane-pound prints, $; store packed, 30. —Average receipts, 25a26; hennery, 30a32 elsewhere, dealers ship- ock where higher ens, 3sa rorns, 28; ducks. keats, young, 90 Live stock—('alves, 14: me: heavy choice, dressed_pork, medium, 16: light, shoulders, 22a23; fresh hams, 30a ruit and Vegetable Review. s market report on fruits and. tables (compiled by the Market ws Service Bureau of Agricultural Leonomics) says: Apples—Supplies moderate; demand inoderate, market steady; barrels, Pennsylvania, A 2% inches up, Romes, £.0046.50; A 2 Staymans, fair color, 4.00a4. New York, 2% inches, Baldwins, 4.50a4.75; boxes, Washington, medium to large sizes, estia fancy Deliclous, 4 . Romes, extra fancy Wine- 3.00; bushel baskets, no sales Supplies moderate: A nd moderate, market “'lgh!l\ weak new &toc pers, rc barrel crate: mostly arcund 4. 3 moderate: demand Florida, 10 a35.00; doz.. mostly 4.50. Lettuce—Supplies market lmnr‘rhl liberal; demand weaker; crates, mnutly . Onlons ASwnmhM light; light, market steady: New 100 lh «al’k\ demani York and ‘nunns 1. 8. ork. 100 Th. r condi- Potato Market Stronger. Potatoes—Supplies limited; demand moderate, market slightly stronger; 1b. sacks, Russet Rurals, tlv around 7.00; Tdaho, set Burbanks, mostly plisg iiberal moderate, market about stead . cloth-top veneer 1 e fair aquali el baskets, mostly around 1.00 Caulifiower—Supplies Tihy mand limited. market duil: crates, 2002 Oregon, crates, Broceoli Tomato lig! limited, ax; packed apped, count, fins quality. 8.0049.00. 3pan cartons, repacked, small ripes, wrapped .25; choice count, Carrots—Supplies moderate; demand woderate, fairly | steady; bushel baskets, 1 —Supplies moderate; demand moderate, markel a y: Texas bushel baskets, 2.2 Peas—s market steady: demand pony : demand Mexico, re- cholce Cuba, running fancy count, Mexico, crates, rries mand light: ds firm; Flor 3 mostly Supplies light; de- rand moderate, market pony refrigerators, 60a 0 per quart. BALTIMORE PRODUCE. RALTIMORL March 13 (Speciall.— White potatoes, 100 pound Beans, hushel, $.00; £.00a8.00. Cauliflowe crate. 2,00 Cucumbers, 3.00a10 un . 3.0026.00, ba Applel- barrel, Grapefruit, hushel, box, 3.00a5.00. nges, box, 4.00a5.00." Tangerines, ‘232 sz_;,gaa .50, Strawberries, quart, o 2 DAIRY PEODUCTS BALTIMORE, March 18 (Speclal). Young chickens, horns, 27a3i: V '\ld hens, young turkeys, 40a “0: old, 40; pour and crooked breasts, 25a30; ' plgeons. pair, Zuinea fowls, each, 35a8i: dressed poultry turkeys, young, 40a5! chickens, young, 35a40; old, 30a33; a%ponl. 37a4s; ducks, 30a3., geese, 20a Eggs—Receipts, 516 cases; native and ne.\rby points, fresh, dozen, offered, 7; candled, 29; duck eggs, 47 048; goose egrs, 50af0. Butter—Good to fanecv pound. 42a45: prints, 26; store packed, 31: process butter. ereamery, 7; ldles, 34a. prints, rolls, 32a3. Your Banker, Knows. ¢ When in doubt about consult your banker. much his interest : security It is equally as your to protect him vrlt.h s growers have markets sup- of tomatoes and other vegetables Spring s recelved lied. is of exceptisnally dy purchas- s depended upon of tomatoes and stated, beyond fell down 1 1 011 Corp 1 fisoa Rubber, 5 13 Ini B wi 12 Ehin igau anitoba Po I Andian N C (s ww ity Colognn 8138, Mor Bk 101 rov B mm 7 s](m’ 83 Budkede 5 Line. 100 Chessan, §h Ml 1500 Coniin 011 'new b O 500 Jiumb O ris 1500 Humble OIl & R Pipe Line. ank O er Fonter ol 10 Roval Can 0 & L .f Ok T Wilox 0 & G 1 INDUSTRIALS p Mis B 10t Am Lt & Trac AmLté 'rru- Am Fow & Lt , March 13.—Following is an official list of bonds and stocks !nult::i;n on the New York Curb Mar- 169 Common 7 3 Haito n - G gonn aind ‘ontin Tiak A 5f Contln in B 1500 South P&L 1 1South PaL Bew: South f. t 1 Tubize A'S B Yu 1 Uni _Fl Coal vte 1¥n Frut (o n wil ni G Imp © GuaP Al nLt&PnA |m Shar opt'w 10 Ariz Globe 4 Beaver Con 2 Bingham M 10 fawthorn Hollinger .. Herla Mine ol M0 i 10 pisIng i Noranda $Ghio Cop 30 m_\,:.\m“‘\ ‘1] 1L A w Gold ad ah Apex 1 Utah Mets 1 Wenden Conpes | STOCKS RECOVER FROM SLUMP; SHADOW OF DEPRESSION IS PAST BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, March 13.—In the past week further recovery has oc- red on the Stock Lxchange, fol- lowing the sensational decline which culminated 10 days ago. It has been a rally from what were demoralized conditions rather than a fresh ad- vance. The market has remained in professional hands. It has shown no signs of resuming the big specula- tion of the Autumn and Midwinter. Speculation for the rise went alto- gether too far in October and No- vember. An attempt to renew the campaign was made in January and it failed. For two weeks there was a complete breakdown of the specu- lative structure, accompanied by some halt in investment activity. The downward swing in its turn got out of bounds and the readjustment on the upward side became neces- sary. Business Holds Up Well. This s _the main significance of what has happened in the week now past. “Outside business conditions have had little to do with the price changes. Tho market took too sun- guine a view of the business outlook when it started the new year. A it over-rated the effects of the va- rious merger prospects and the extr dividends. But the collapse which reached its climax during the first five days of March did not foreshadow a period of depression. This has now been fully recognized. Prices hauve come back substantially and there has been conslderable advance in parts of the railway list, in some of the oils and in_various industrials. Wall Street has discovered, after the Nickel Plate incident and the increase in the Pere Marquette dividend, that railway stocks can be rated higher outside of a merger than inside. The rise of over 2 points in Chesapeake and Ohio following the victory for the minority shareholders who = claimed that they had not been treated fairly was a very striking episode. It now has been established that while the suthorities, as represented y the Interstate. Commerce Commis- slon. are in uvor of combinations and believe that these ape for t&*nubuc good, they are determined shall l’& through only on l.ho‘urm e lon prove: conmummu.fk. :me- involv- g the rallroads or industrial corpora- uonl. is no longer the faghjon. It can- not be made the basis of ariother “bull market.” The Nickel Plate decision chilled merger sentiment in the rail- way fleld. The suit against. the baking combination and the abandonment of the'plan to put together food distribut- ing concerns has done the sume thing | for the industrials. Railway shares, where they have been going up. have done so on their own mmw nnl: uls of wp mumm rises in the industrial quarter for the same reason have ceased. The money market developments have been favorable. Call money has gone down to around the lowest of the ar, which means the lowest since” Midsummer, Brokerage loans have fallen some $92,000,000 in the last fortnight. Fede reserve redis. counts have declined. All this points toward a decided strengthening of the credit position as the result of the late Wall Street liquidation. The change has heiped the stock market and has helped the investment bond market. Investment securities are not as active as they were two months ago, but still they are strong. The {mpression is that money will con- tinue easy for some time to come, and that investments will hold around top figures, without room for a much further advance, however. Commuodity Ptices Decline. Commodity prices have been coming down since the third wook of Januar according to Dun’'s Review, and for the majority of products the decline has not heen checked. This represents essential difference between present situation the d that of periods s were going up nd their inflation the the Wall Street movement. of a big stock speculation cannot, thercfore, be detected in money conditions; neither can it be perceived in business conditions. The market has reached a normal stage, where, for the present, there does not seem to be any reason for wild fluc- tuations, one way or the other. ‘The satisfactory outcome of the 3% per cent Treasury loan was an incl- dent of the week. Tt demonstrated the confidence in banking circles that the money and investment situation was pretty well stabilized and that there was not apt to be much of a change for some time to come. These new Government securities were put out on the lowest terms since the war. FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JONN POOLE, President “w“mmuumfl STATEMENT PHI ELPHIA FIRE AND MARINE INS. CO. OF PHILADELPHIA. PA. On the alst dev 'S‘Dw% % &I CONDITION | i cust 1 Gantial sk Cash in Stocks vaine) Premiums uhegio ds of age Fhlrtf‘ the Vear "‘E"r e vear mzk"'“'m marine '-Md 1"""'::' i . 17:“5 5, 3840.827.004.00 o §69.418.90 £.020.811.28 1,602 441 BERRAAL00 President. etary. na n'nm 3" befors me this DONALD, Subacs "mv'."' Q'h'n'l' STATZME!‘T mv EAGLE lNDEMNlTY CO. OF NEW YORK On_the 31st day of Decembe 5 :x under ‘hlbfi ml"lr nl’ l“' l. ?::l de, amended June 50, 10027 and August Capital ot i $760.000.00 Capital stock. paid un in cash, 750.000.00 ASSETS Cash in ofes T Cash in bani Stock and bonds (i Premin hands Interest All uther Total $11.837.50 . 284.20K A0 riet valiei assets. 88101 b oharu., e Caplnapreies: b i Total liabilities. ....$3.667.370.19 cterf cbusiness traneacted during 1925 alty, fdelity and surety. fnu ear 1;3!#'" ‘::SZGIBCISQE ained durini 5. * 5% 1.642,700.62 0 5.268.128.84 YO a7 07,03 M. E] JEWETT. President. lfl'l l“urn 1!: before me this Subecn! oth Ry OT e ) T BRI Otary, m‘l'Cmm 7. (Certificate filed in Co., biic. 0. 218 No. 420) i ¥ INSURANCE COMPANY Ul< NORTH AMERIC, LPHIA. PA cember, 19 5 .8 gMI 000.00 cash, 7.500,000.00 tn offica. .. in bank “morigages "(first mm' bonds Dills_ receival Premiums um‘,n»u-d and n hands of agen Intercat due end "accried All other assets Amount recoverable for re- insurance on paid losses Total assets len)’ Steck (market yalue) . 133, ¥ Salarics, ni’l Total Liabilities. Charw of _bui ato ther “hsbilitiés ra uring Fire, marine and lullnli : Nmoumt of Fiak assum during the year 1025 .$6,870.504.135.00 Loses sustained during tha 14.907.090.93 $2,342.740.33 121.107.24 + spoaived Quring the ar 192 i ‘the your e . gL ..g";:rgm‘ms&mm me this A THOS. A, AR A‘h. je. Commissien expirss Januasy 10, 135 D. C. and Adjpeont Fertigrolu e a ”} Ilrn B Lodarriong 20th day of eal.) od Va. Continental Trust Company Capital One Millior Dollars 14th & H Streets P RLLL L e Al ”Pm:‘. ¥ RESIDENCE l.olu\s AT LOW RATES FRED T. NESBIT |NVESTMENT BLDG. Mlln 9392 FIRST MORTGAG["S Money at 51% Very Desirable Condi Granted Tyler & Rutherford Loan Correspondent . Mutual Benefit Life Ins. Co.. Newark,'N. J. 1018 Vermont Ave. Phone Main 475 MONEY TO LOAN Promot Attention on All Avplications N. L. Sansbury Co., Inc. 1418 Eye St. N.W. Main 5004 First and Second Trust Real Estate Notes Secured on lulpmed Real Estate - i Washington, D. C. E HE H FEDERAL SECURITY & MORTGAGE CO. 1412 K Strect M. 1599 EVENING STAR, 'WASHINGTON, WE FINANCE «—all clasees of income-producing property Large Loans a Specialty Current int, rate and commission Higbie & Richardson, Inc. 816 15th §t. N.W. ON HAND —Auvailable for Both Building Loans and Completed Properties Reasonable Interest and Commission JAMES F. SHEA 643 Louisiana Ave. N.W. ,Money to Loan on Real Estate ¥ LINEINS 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 SY2% ON APPROVED SECURITY . Arply RANDALL H. HAGNER & GOMP. MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Houses Apartments Business Properties Office Buildings justifies the full re- liance investors place 1% organization. Un . dem@ag Nearly 40 Years of Business Success in First Mortgage Notes recommended by this Found-d 1887 1433 K Street 2 Main 1016 First Trust Money CONSIDER THE SOURCE In choosing securities suitable for the investment of your sur- plus funds, consider fully their source. Our 6'2% FIRST MORTGAGES Quarter offer investors certain safety of principal and definitely sched- uled, unvarying interest pay- ments—assured by our record of over a quarter of a century with- out a loss to any investor. of a Centitr Without a Loss B. F. Main 2100 SAUL CO. 925 15th St. N.W. NN DDV 19295‘5%‘!:!&!%!:&}&‘,&1‘5%&!%%‘9& 200 Banks Have Invested In These 6% Bonds Secured by Real Estate First Mortga Guaranteed by the United States Fidelity & Guaranty Co. (Resources $46,000,000) The Same Standard of Safety, the Same Guaranteed Security aud the Same Rate of Intcrest Are Available to You HE 6% real estate bonds investigated and recommended by THE BALTIMORE TRUST COMPANY, itself a $65,000,000 bank, have been bought by more than 200 National Banks, State Banks and Savings 1ks in various parts of the Ungted States. For cach of these bonds a threefold security exists The ample capital resources of some well es- .‘I.luhcd mosrtgage company for which THE BALTIMORE TRUST COMPANY acts as In- vestment Banker. 2. First mortgages on real estate, cach prnptr\' conservatively appraised at 16633% to 200% of the mortgage granted. (No construction loans; no single-use buildings.) 3. The guarantee of principal and 'interest by the United States Fidelity & Guaranty Company (resources $46,000,000) and the guarantee of title by the New York Title & Mortgage Company (resources $29,000,000) or some other title in- ce company acceptable to THE BALTI- MORE TRUST COMPANY. The bonds are in $300 and $1,000 denominations, and in 1 to 10 year malunues. to yield 6%. Any State tax up to 4} mills is refunded. These Bonds Are Offered in Washington and Vicinity by Our Local Correspondent CHAS, D. SAGER 924 14th St. N.W. Telephone Main 36 The Baltimore Trust Company The Largest Trust Company in the South Atlantic States offering complete banking, trust and investment services APITAL & SURPLUS TOTAL RESOURCES 4 70,000 DEPOSITORS : 2 3 FINANCIAL. t Action First Mortange Loans ; ;o'nl R:I”'F of Internst and Commliasion omas J. Fi: 3 s o e e 17 Money to Loan Secured by firat dead ot trust on real estate. valling nterest and ‘commjes JOM“ L w"fi*.“nfiu Mata VW “Reaching Your Goal”’ lake steps toward creating a financial surplus may seem hard at first. By budgeting your income i making “Investment” an item and regularly applying your savings on First Mortgage Notes —on Washington Real Estate Yielding Annusl Income of - 6% % You will have taken the hardest step toward y .vr Saving will soon become a profitable habit Pay Day Wiil Be Monday Investment Department 713, 715 lnd 717 14th St. Main 2345 Choose From Many Business Property Opportunities TN ZN 1PN IEN PNV N W NS, We will explain the de- tail concerning each one —yow can be the judge. Hedges &’Mlddleton?nc 1412 Eye RENw, Tranl(lm9503 Hazardous Bets or Safe Investmentsr ERIODS of trenzied specu- lation—when the prices ot ecurities lose all relation to actual earnings and dividends— are followed by inevitable loss to unfortunate speculators. A sure way of avoiding an un pleasant aftermath is to abstain from speculation altogether. Your money invested in First Mortgage Notes through Swart- zell, Rheem & Hensey Company is safe from the hazards of a fluctuating market, and earns 613 per cent per annum. 72713, Street NW. WashiagonDC. 36 Years Without Loss to An Investor Open Until 5:30 P.M. Monday & Tuesday, March 15th and 16th Building a Competency fDoing without now in order to build a compe- tency ought not prove half as difficult as facing sheer necessity later in life. It'll be a case of “have-to” then, and necither youth nor earning ability will be on your side. 1 This rong, old bank s helping over 46,000 depositors build for the future, and has facilitics for scrving many iore. FramiS Bions, 2 V- Pre Frank Stiteon. Trust Officer Chas. born. asurer E. Pfl\‘ivll Wilson, Secretary K B, Ulimer Agst. -n-m Fice Biird . Offce avid Bom: Officer Pm\o-. Noat. rvas Jobn W Caivert: Asst: Treas Alnx-l‘d?r Fant. sst. Sec John M. F‘ telar. Audley A vage, Audito DIRECTORS: TQODBURY BLAIR i Become one of us mnow PAYDAY'S here. Deposits welcome in any amount, Same Rate of Interest oy Paid on Large and A‘%vu.).um Small Accounts National Savings & Trust Co. Capital and Surplus, $3,000,000.00 59th Oldest Savings Depository in Washington Year Cor. 15th and New York Ave. EKOPER lx'?" OPE! EM