Evening Star Newspaper, March 17, 1926, Page 31

FINANCIAL, COTTONISBULLISH || *AS SHORTS COVER Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK. March 17.—Profes- sional efforts to depress price« met | { with further succesa today. The THE EVEN NEW YORK CURB MARKET Direct to The Star Office was offered down 2 pointe and speefal | weakness developed in baking shares, notahly Continental clase B and Gen- eral Baking A. the disturhing ment working for lower meeting littie or | the outride public showed tion to come n. It was & wholly profes: | ket and the pest opinion | would contipue so far so come. Trade and Commission House Buying Also Bring Ad- vance in Price. By the Associated Press. Mareh 17.--Cotton fus vaRlined | atten May, 18.78; 1 o9 h ' Julv. 18.20; October, 17.60: Liecember, | ained' anancn 306, 7.27: January, 17.26. 3 The market made a generally steady showing in todav’'s early trading. Liverpool was lower than due. hu|| after opening at a decline of two, | this was ! closing price. NEW YORK. March 17. points to an advance of one point, {18 an official 1ist of bonds and sto no resistance and Experiments on the side of advance | tailed to attract a following and when Auburn Auto points. i | sequently dropped below the Tuesday Electric_Refrigerator 1t was evident that veports from the Florida hoom section were having their effect upon the| market for Land Co of Florida shares, which sold at bottom figures below 23, Serv-El Corporation dropped a point accompanying the announce- ment of the new recapitalization plan. The market for the oils did not re- spond as it recently to rumors of consolidation plans. Most of the Standard Ojls were either unchanged or slightly helow the Tuesday finals| |and no further improvement occurred | in shares of South American com panies. prices w { no disposi- sional, mar was that it me time to tion direct- but sub- —Followin, o 1s 1837 in 1924, .STAR. WASHINGTON. DIVIDEND INCREASED. From Power Firm This Year. Spectal Dispatch to The Star. . BALTIMORE, March 17.—An In crease of $19.860 in the dividend pay- ments on the stock of the Annapolls and Chesapeake Bay Power Co. was indicated in the annual report just| made avallable. The Washington, | Baltimore and Annapolis Electric Rallway, which owns all the 39,721 shares of no par stock. therefore, re- ceived a total of $59.681 in dividends from the subsidiary company. against $39.721 received in 1924. The increased dividend payment would indicate that the annual rate on the stock was raised from $1 a share to $1.50 a share. Operating revenues of ‘ompany Increased 1925, tolaling $475.547, the power 710 d*r)nr against ¥445.. But as a result chiefly of higher taxes and Interest charges | net income for the vear was slightly | less than the 1924 showing, amount- ing to $66,902, compared with $71,636. W., B. & A. Receives $19.860 More | D. €, WEDNESDAY. Lowest Rates—Best conditons OFFERED 1'0 BOIROWEI! TYLER & RUTHERFORD, LOAS_ CORRESPONDENTS. Mutual Beneht Life Ins. Co,, Newark, N.J. . 1 VERMONT AVE. MATIN 475 EAL 'ESTATE LOANS PERTY l!:smvm'!: Lo.lm AT LOW RATES FRED T. NESBIT FIRST MORTGAGES | Money at 54% Very Desirable Conditions MARCH 1926. Meney to Loan by frgt desd of trust on real estate. O v allin inisrest. and. copmoni 2 .louph l Weller 433, %254 r!l ¥ ON SAVINGS ACCOUNTS Than Any Other National Bank {n Washington Interest on DAILY Balances Come in and let us explain Commercial Nat'l Bank 14th and G Streets Resources $17,000,000 R. GOLDEN DONALDSON, PRESIDENT Fmt Trust Money ON HAND !First Mortgage Loans| { WE PAY MORE INTEREST|| FEATURES. Prompt Action Money to Loan ‘ on Real Entate | ‘.EQSQ De L. Lowest Rates of lnterest and Commission Thomas J. Fisher & Company, Inc. 138 15th Stress S Metropolitan Life Insurance Company OF NEW YORK FIRST MORTGAGE LOANS Apply to WEAVER BROS. Realtors 809 15th St. N.W. Main 9486 —Available for Both Building Loans and Completed Properties Reasonable Interest and Commission JAMES F. SHEA 643 Louisiana Ave. N.W. Granted Tyler & Rutherford Loan Correspondent .Mutual Benefit Life Ins. Co.. Newark, N. J. 1018 Vermont Ave. Phone Main 475 Total profit and loss surplus at the nd of 1925 stood at 359 com- u‘:r-d with $579,751 on "December 31, 1924, prices here worked higher on renewed | traded in on the New York Curb Mar | eovering by near months shorts. Buy- ket today: Ing of new crop positions for trade I;.n»-mfl PONDS and commission house account seemed { MUY to reflect rather a less confident feel. | ing over the start of the new crop. . h'ing 16 repor hat farm work was Aelayed by unfavorable weather con ditions last week. and. while buying WAR not active. offerings were com- paratively small. May advanced 1o 15.85 and October | snld up to 1742, the general marke! showing net zains of ahout & 1o § peints by the end of the first hour. ew Orleans Quotations. NEW ORLEANS. March 17 (/). - Cotton fuiures opened . Marcl 18.38: May, 18.05, Jul e December, 1 The market developeu considerable strength soon after the opening trade following the veceipt of a bullish weekly cotton summary. At the end | of the first_halt hour of trading May #0ld at 15,13, or 7 painta ahove yester dav's ¢ or % points up. velopments were alsa bullizh fac: South Texa rains th he an Guian. 2413 INDUSTRIALS Aila ner A Fool and His Money. The fact that a stock certificate is printed in fancy zreeh scrollwork ix | no proof that it is worth Any more | g than ordinary wall paper. Thousands oot of people in Washington would have Flee A * | saved their money if thev simply had | AutoCo | asked their banker to tell them what | Eotssomnault 6 ¢ 2 30 | he knew of some supposedly wonder- 4 Borden Co 1\ 4 Boren Co ful_tnvestment 1 Brill Corp The Ncw York Life Insurance Co. Ofers 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 JYEAR PERIODS 5%2% ON APPROVED SECURITY Ravon thrad Roll Mine 100% ONDITION | \F(‘g ! | Norwich Union Fire Insurance Society, Ltd. | gland._on the 3lat dar of | A& required under the Dis- T Cohibia ot amenden Jtne 5 and August 18,1911 ASSETS Whulyoubuy-nmoruryouml t on a standard automobile because in such a car you have guaranteed reputation and assurance of satisfactory performance. INVESTMENT —should demand an equal Precaution, unquestioned Reputation and Guaranteed Future Enhancement of Principle. We Recommend um Houses Business Properties Apartments Office Buildings 1 Gutr o Cory b 5 Infand Sicel 3lan T Libhy M Cash n hank . Real ratate A Stacl honds urtiss \Hn Mot e € & & Durant’ Motar Rd § Tmarket 5 \ Pramigma’ tincoliscted and in hands of agents ‘ ‘ l‘y\'l‘-:;l‘dllt and arerned Disappointing ¢ i L relv overlooke: i Steady at Noon. ORL <. Mareh Cotton futures, noon bids March, 19.45 asked: May. 18.03 17.64: October. 16.90: December, NEW \0[{5\ March ton tutures. January, October, POTATOES FROM | COVER SHORTAGE IN EAST| General shertn, ln Amnm Cnuh and Seuthern States Brings | Wide Distribution of Tubers. | CHICAGO, March 17 (#).—General f polaloes in the East and | bringing about unusuall: | wide distribution of Northern ,and ! Western potatoes A report toda: 3 Government Bureau of Ay 1 Economics suzgests that re- | maining stocks are decreasing . througiout Minnesota. Wisconsin and Michigan, i Cars of notatoes from Michigan are being shipped as far Hast as New York City and South 10 Florida and Texas. Tdaho potatoes have hesn sellinz in Washington, D. (.. and Coloradn shippers have sent ecars in| Géorgia. Florida and New York Despite active fmporis from Can- Westpa S D ada. Cuba and Bermuda. Chicago STANDARD OIL ISSUES. prices for potatoes are at nearly the | inshares season’s peak. In sharp contrast.| 1yom Ane apples are plendiul and cheap. { Total assets LIABILITIES claims required by law ‘ents. expenses. taxes First Mortgage Notes On Improved Washington Real Estate Annual Return 6% Investment Department X 801 185,07 | 3620921 87 | 17 P~ steady July, 16.93. NEW MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 ate. 144 67400 Commussions, hrokerage. etc 15500.00 Total Liabilities Pharacter, of busigess trans r 1928 d marine 1n8! k ameumed dur- | 1925 _$11.854.606.39 ined during th S '= s Wt S Rub fls ived during the 25 Aurine the vear EEID SR Suhscribed and <wors 3rd das of P-mu-—“r 1 ING 713, 715 and 717 14th St. Main 2345 Good Judgment —tells vou that First 6%% Mortgage Notes. se- cured by good Washington real estate and sponsored by a firm with nearly 40 re’ high standing, are ronvenient the pvrk of the investment S et Un A Saunders Co< A - Founded 12¢: K Street i 85 FORE!GS BONDS “Sank Counte 5. ramiater off No 7071 ree March 30. natare etf N Commission =x. woLy & codined Bl T3 e . "\ WURERPRAIE LIRS WE MAKE LOANS tions en imoresed prop. hullding ~w mmmuno attention. Rennon- N. L. Sansbury Co., Inc. 1418 Eye St. N.W. Main 5904 TO ASSURE YOUR OWN INCOME " Low 3 Rhine Ma Danu_ &n-mm- i 3 Riine” Woenh 1% :x‘m & 2 Tarneen 174 80 Main 1016 All the uncertainties that go to make up life—physical handi- cap. unforeseen factors—pre- vent your personal earning power being a permanent quali- ty. Our |“”l(;p“‘f'(‘A MY TWO FIRMS BANKRUPT. The Eumpun lmpox 924 C sireet. through ite president, | Frank Fera, today filed a petition in | the District Supreme Court to he ad- ' fudicated a bankruni. The company's Aebts are placen 1 82013880 uwl assets estimated ar $3,084.17. Atto ® Paul B. Cromelin and Bovl'ha J. Laws appear for the firm A similar applicatinn has heen filed by the Washington Potate Waffle Cn. ' nf 1353 Kenyon =street This com- | DAny’s assets are estimated at £3.%. while its debts are scheduled as | $34.645. Attorney R. H. Wilmer rep- resents the corporation. i Virginia Public i . : L 1200 o O o Service Company 100 Nat Transit 0900 Prairie O & G 50 Praivie P L. . 10 Sonth Penn Ol . R 0 S 0 Indiana Equitable Co-operative Building Ass’n JOHN JOY EDSON Organized 1 xport Co.. | Firet Mortyage and Refunding 515 % Gold Bonds Due Feb. 1, 1946 Ower a President FRANK P. REESIDE, Secretary 16th YEAR COMPLETED Surplus $1.352,749.93 Subscriptions for the 90th Issue of Stock Being Received a SHARES $9.50 PER MONTH N/ " $5,031.814.86 EPENDENT OIL STOCKS. 6v,% FIRST MORTGAGES Quarter Assets This Company will acquire the property now owned by four electric power and light and gas romplnm serving 130 com- s in Virginia. "‘l:.d s i inateds undr o @ 3 are readily purchased with the surplus funds you now can spare. Should the unexpected happen to curtail your earning. their interest continues unim- paired, assuring you an income. Beacon OIl !:mma] Pete & Carib Synd Century™ 2, 3235 1 sthout a - ghe The Systematic Saver Usually Accomplishes His Purpose SAVING THROUGH THE EQUITABLE Whether you're saving for a house or o complete vour children’s education, vou'll find onr systematic savings plan 4 helping hand FE iption of the properties issue will be sent upon request for eircular A625. Loss SR woeism» 20 S S5 oty Price 97 and interest To yield about 5.75% E. H. Rollins & Sons Founded 1875 416 Woodward Bldg., Washington Bnston New York Philadelphia Chicagn Denver Ram Frameizco PLACE YOUR INSURANCE WITH STATEMENT OF 'l‘l!' CONDITION OF TH STANDARD FIRE INSUR- ANCE COMPANY of llflf':rfl I"on m Shotl Capital ClMlll i t O, Washington Stock Exchange saLzs pital Traction Co.—10 at Bi nid, isns, National Bank— 475 10 a m Goldfid Con: 50 Hawthorne M 3 Hecla Mine. 1 Kay Conner Coi Kerr ~Lal —— 13 Fr "0 el P 1 otomac Pow int. erf—2 ar 4 Peer O ‘carp. . { i Pennok Oi1 Corn 3. F. SAUL CO. 925 15th St. N.V B. Main 2100 27 At 4RO, 1 At 4RO, “Join Today— Save FEach Pavday." n Momattne—10 ar A3 " Transfer & Storage pid.—-B - 915 F Street N.W. >z EVERYMAN’S INVESTMENTS RY GFORGE T. RUGHES. Special Dispatch to The Star. | BOSTON. March 17.—A decline in St atiniBeasit :’"‘ of the | Prices on Ohio quality delaines fea- Continuing our discuseion { tured today's raw wool markets. differences between stocks and bonds, | Choice wonls of t;fli d-;rrlmlnn were e t advantage of being | quoted today at 48 to 49 cents, grease stocks have IR A aller lots | DASIS, fully & cent under lasi week's easier to buy and s * | figures. Some sales were reported than bonds. This, at least. s true of | 3¢ jow as 45 and 16 cents for aver- | issues listed on the New York Stock , age ;:n;‘sk Fir;; lt;rrivlm-,v w':ml‘ls hneld o at . to o clean asis. ut Exechange. 'rh_e unit of .lvndm‘; " | the market is irregular and prices are the exchange is 100 shaves. When | 3201y nominal. Choice Australian | iwe say. for instance, that United wool Is a shade firmer. | States Steel common sold mdl;? v;e — . —— l eqll.!rr:{lm:?:g:'; s mean that 100 shares changed han BAR SILVER PRICE. calnme B T and Auruw 18 AR ‘ NEW YORK, March 17 ().—Bar X | sell any number of shares from 1 to ! sfiver, 66: Mexican dollars, 50%. alh0000 | 99 At a price which varies ;m:;hme L pezassid 100-share price by only an eigl to | a quarter of a point. For the most | SMITH 1 Tty BORS0N0D ‘ active stocks the differential ie one- | ~ —— . . "R 6.934.584.00 | eighth, for less active or very high- s 1.015.130.06 | priced ones it is one-quarter—that | | e Nikseee | is to say, it Steel common is selling { | for a full lot at 125, one share may | 2 b e | Who Buys Smith Bonds fixed and uniform and it is just as| I AFTER FALL Tractian 55—83 000 at 10 *’mmu Bkt Washington —5 at A Caslial Trartion Co ot e T1i 20 Momes-Cal Tnkns. b And 6 Der nent Bid and Asked Prices. BONDS. PUBLIC UTILITY. P 1 | WOOL PRICES LOWER. 1 | 64% Time Proven Real Estate Mortgages STATEMENT OF THFE CONDITION OF THE , HANOVER FIRE INSUR- ANCE (‘0\[}" ANY B o o S stock wtock, STATEMENT OF THE CONDITION SCOTTISH UNION AND NATIONAL INSURANCE COMPANY l of_Fanbu nursh. Scotiand. on the 31st dax the Dnlruv "t 'Co & ity eorgetown Gas 1at to; Ele Jnthe st dav of frayired under the e ga, FaTg0ed bia © and August 18, .$1.000.000.00 in - 1.000.000.00 URING the past thirty the first mortgage notes purchased by in- vestors from this Company have proven their qualities of safety, profit and convenience. The pres- the high £1,300.000.00 -six years, 1.500.000.00 Capital Camital cash 3 MVd & Elec. gen. It iz possible, however. to buy or | WISCELLANFEOUS . . Paper Co. 63 ot Joint Stock LA BK. B fouinern Bide. 8 Mkt. Cold Storage 3s.. STOCKS. PIBLIC Tol. & Te Wam. Rws. Cash in office. . Cash in henk. eal $790.78 R R ) o v 120.750.00 sterling investment " incoilactad s of Iltnl! . Interest due and Al ather assat Philadelohia Ansociat 5 offerings maintain They are ent same RATR.IA standard Total anests. . $3.044.989.60 sasy to buy and sell the smaller num- ! her am it im the larger. This 18 a | great advantage to tha small investor | And anite A different situation from that which obtains with $100 or £500 bonds. | | Another distinetion is that while I honds always sell plus the Intevest [accrued up to the time the sale i | made the buver of a stock does not | - have to pay the dividend acorued. cat 3 vidends are paid to the holder Fn!lflnnl Bank ot Washingion 300 “?ihn” e nixne ook o it ot | the corporation at a fixed date. If | TR Al 7 |the purchase is made prior to this | ferchanis. Bank date the buyer of the stock gets the ! i pay s T Aividend: if it in made after this date | LI o S {he does not get the dividend. As a ! his 1s adjusted in the | LA 1o ol Total assets. . NATIONAG BANK National Capital.. . Cotlumbia ... c«mmm.v Dist Net unpaid «laima Reserve as required by law. . | Salaries. rents. exvenses. taxes, ote. 8 Cavital stock. All other liabilities Interest paid in advanes. . S8 | Surphus Total $131,343.53 1.164.101.02 #5,125.63 1.000.000.00 AFE, because the mortgages are not only ANKS, insurance companies, trustees, colleges and other institutions, as well as thousands of individual investors in 48 states and 33 foreign lands, have i put their money into our First h-"mmfi -r:nlun“ a ‘Mortgage Bonds. | m.lu 2 Total labiliti 85,487 580.1 the vear Thab: %‘T?:""‘:m.h'.'"“n .“n"m{"}.::' " morinkler I 3 a R tion. exploaion and earthauske. Ll Al SR o can 74000 Logses suntajned abundantly secured by the property, but are the direct obligations of financially re- 1 st . A1l other Tiahilitiea Surplus . . o Total Chay merican edera) Am-n».u nrrn. Al iberty ... 2 incoln National Rigge . 520.83 ART.ADRBO 044,089 60 sacted during . tprinkler e from ""'m‘i"'.‘{’m!;‘h'-""' i sponsible borrowers. other lubmnu o Character ot bumm.' tran 1035 fl'-'u.{-'e"h.n Hiln na o Amount_of il med Aot ha eat B0 00.8:35.619.00 549.577.20 he v m’ marine "and’ other bran insurance rovided for in ita charter. Ammmt of itk aseumed duri 26 $1,007.283.675.00 n.d AvAng rnad. ‘These bonds will be a highly sat- isfactory investment for you, too. Our Booklet, “Fifty-three Years of Proven Safety,” will tell you PROFITABLE, because the present mort- 250" ) 500 B gage notes pay 614% interest. Wash. SAVINGS BANK merce Savings Wai t E‘gnmhv nited State nl‘lmnnun Mechanics FIRE INSURANCE. a American ... & Nationat Tnion Cols Storage tor. e matter of fact, t ! market price. For example, say a stock selling for 100 pays dividends | on April 1 and that the dividend is payable to stock of record March 15. | 1f then the dividend is at the annual | rate of 6 per eent or 1l; per cent quarterly, the stock selling at 100 on March 14 would be quoted at 98% on March 15. 1t must he remembered that a trans- jaction entered into on one day is not | completed by the exchange of cash until the following day. which ae-| counts for the coming off of the divi- | dend on the day the stock is due to | he recorded for dividend payment. Of course, there are many other factors which influence market prices than dividend payments so that this selling with or without the dlv!dend 1s often obseured. why. Send your nsme and ad- dress on the form below. ‘} Ne LmuAny Investor in " Years ' TuE F. H.SMrmH Co. 1 Frundea 18573 SMITH BUILDING 215 15tn St N.W. Main 6164 s, N R o, rlnlublnm " e fa the vear 1928 Maner tecely The vear P Expended, duri ar 192 during —, sag366.73 4.411.904.70 IIELAND Manager. hed’ and sworn to before me thi nvh dnv .u """“U,..’i ELMER. it tary Puniie. MONTGOMERY CLARK. Vice President. . n uoLL\u\' Secretary. nd aworn to hefore me this un. rh\ s e G TOTTEN. ourv‘i’uh vm?wt o Notary. Publie. Ringa Co. e Aled Fxmllfl'd during the ynr | 1.020.407 .95 K. HOOKFR. Vler President. ll R. ANTHONY. Secretary. hecrihed and orn to R, BARSREY, g X otars Fubbe. E. R. Richardson, General Agent | (Member, Insurance Club of Washington). 1311 H Street N.W. interest ONVENIENT, because the checks are promptly received by the in- vestor or his bank on the day due. H. L. RUST COMPANY Main 6888 912 15th Street N.W.