Evening Star Newspaper, March 27, 1926, Page 13

STRAWBERRY PRICE SLOWLY DECLINING Dealers Continne to Praise Texas and Mexican Grow- ers for Products. Local dealers in fruits and vege- tables continue to pralse Mexican and Texas growers for supplies of early vegetables, thelr supplies tak- ing the place of what Florida grow- ers usually furnish. Florida crops have been almost a complete failure this season, It is stated, only small shipments, with the exception of strawberries, having been received here. Florida strawberries are excep- tionally fine this season, according to dealers, and prices radually de- clining. that the season's crop will be very large, and it is expected that nearb growers also will have bumper crops this season. California growers are Supplying local merchants with an abundant supply of aeparagus of exceptionally zood quality, today's prices being cuoted at 7.00 and 8.00 a dozen. Small shipments of the grass have been received from Florida, but the quality, it is said, does not compare favorably with that of the California | product | 5 old $7.00 for a sack <hile new toes | ida sold at $15.00 and $16.0 r quantity in barrels Tomatoes in Good Shape. Mexican and Texas tomatoes are re- | ported in exceptionally good condi- tion. They are sald to be a decided improvement on the Florida product, keeping and ripening much better than the Florida stock, and losses are not so heavy. Peppers from Bermuda are being aceived in plentiful supplies, dealers eport, and their quality is not to be discounted. Florida growers are ship- ping @ few peas and beans. String eans have been much highe: this season than usual, bringing as much as $13.00 for 28 pound: y they were quoted at $8.50. Receipts of iceberg-type ler uce are | gradually decreasin ad prices are | .dvancing. Western growes had to ba depended upon for supplies the past Winter, dealers say, because of the failure of the crop in Florida. Butter, egg. poultry and meat deal- ars are anticipating a brightening of trade conditions the latter part of next week, closing of the Lenten season. Fggs will be in great demand for dye- ing purposes, but prices are not ex- pected to decline to any appreciable extent until Easter demands have heen supplied. Wholesale Prices Today. Butter—Fancy, 1-pound prints, 492 50; tub, 47a48: store packed Eggs—Average receipts, 27; candled, 28a29; hennery, 30a3: Poultry, al Spring chickens, 383 Leghorns, 28; ducks, 3 keats, yvouns, Dressed—Turkey: chickens, 40a horns, 30: duck keats, voung, 9 TLive stock—(alves, choice, dium, 1la 8: hogs, and soaring ted are 14: me-| heay: RUBBER GOES UP. Special Dispatch to The St NEW YORF standard grade, 5914 cents at noon tod pares with 5§1: cents Friday, a month ago and 3% & y quoted at This com-! cents | ago. Washinilfon Srto.ckrExchange. saLes Capital Chesaneaie & 100 1.000 at 100 ) ut 6814 & Storage—10at 1 Transfer & Storage pfd.— hants e—3 at 208, R CALL - Pow. pfd otype—l at 8 Bid and Asked Prices. BONDS. BLIC UTILITIES B & P. 1 apital ity & Suburhar Georeetown G tomae E! Potomas Ele: A Wash| Alex vash Balt. & Annapolis 58 \Washington Gas 88 Washington Gas 08 Washington Rwy. & Ele Washington Rwy. & Ele: MISCELLANEOU: D. C. Paper Co. 8 Pot. Jt. Stk. Bk Southern B wash. Mkt 1y ola Storaze be STOCKS. 101 . 101 Dealers have been advised | Received by Private Wire BY WILLIAM F. HEFFERNAN. | Special Dispatch to The Star. NEW YORK, March 27.—The heavy selling on the Stock Exchange had a | svmpathetic effect upon the market for curb stocks today and lower prices | were the rule, ‘Weakness was most pronounced in shares of baking companies. Conti- nental Baking, all classes, were off | sharply, and General Baking issues broke from 1 tg i points. | |is an official list of bonds and stocks | traded in on the New York Curb Mar- ket today: ales in 80 m Gas & Elec 65 09 m G & E 68 new 90 m Pow & Lt 6s.. 97 oll Mill | 1 5 E P ities Service ities Service ties Ser P 005 e FELEELEE P99 tingon Schild oc Botrig sk Tire 515 a P & L bs. . ? Gair, Robt 7s. . 1 Gal &ig Pet 7s. . 1 General Pet 58 DG B DD DD OO T POGDSOD: 2 S S A aR BB BB DO II N B DA DB DI - TGEE 4 i ! o] &G 6 shigh Pow Gs 2 b L7e1 oy MeN & L 7 4 3 Tong Tal Light 0. 10013 20 Mase Gas b 58 1 Nat'D Prod 8 s, or Stawey %,fl’&, 4 0hio Pow 5e B. 20055 223332325 2203300 SE522333 L P D@os GRS ] 2553 2 EREPESEEIE & ity Leipzig 8 Danish Cons 51y 5 Dept Antioq 78 A. 5 Dept_Celas 74 16 Est RR France 7 7 French Ni L 4 EREPEEER i n M 1Grt Con EI 6 3 Hamburg 5] ltaltan P Tt 27 8 Lnhd Tietz C 7 2 Muni gdnAd‘allm_ll:‘ res 7 Prov Santa £e 2 Prov I, Aus 7 125 Rhein Union SomOT B! SFEFEREERRS 2Se3EgeRazeizony Fi& 288§ DooooSeooono DD SoSRRISSBR2RTRALE: P ik 86 Sales ~ STANDARD OIL ISSUES. in units 200 Atl Lobos ptd 3% 100 Chessbrough Mfj 00 Contin_Oil n Gal S 0'pfd old] Humble Oil rts.’ )0 Humble Ofl & R 200 Humble Ol n w JOMPL ,..... 1600 Imp O 2000 Int 200 O 00 P: il 0 Ol F= ar Refin . South Penn Ol 008 0 Cal i n 2600 S O Indiana 1008 O Kansas 008 O Nevrasks 33008 O N'Y .. 108 O Ohio 600 Vacuum O Sales £2 Gibson Ol Co! 1 Gulf Ol of Pa.. } Lago Pet.. 70 Lago Ol A 84 6 s = o888 055 00 e dnnnoEaiis o @ 5 e Leonard Oil Margay Ol Mount Pred. @0 New Bradford Oil w Mex Land 2 Nor Cent Tex Ofl % Peer Ol Corp. & Pennok_0il Corp. 11 Reiter Foster Ol 1Salt Creek Cons. 1 Salt Creek Prod.. 26 Tidowater Oil wi. 12 Tidewater O pf wi # Venezuelan Pet. . 4 Wilcox O & G n. 2 Woodley Pet n. INDUSTRL 11 Am Gas & Ele 6 Am Home Prod 1Am It & Trac.. 2 9Am Pow & Lt'n Am Superpow A 33 Am_Superpow B 1 Atlantic Fruit 1 Atlas P C e 1 Bloomingdale pfwi 1 10 B Schwar Cig A & Borden Co - 5 Brad Fireprfs i TSN 1 PRy ooy sy 1359 s L DR DBES = D BB DB S 2T 15 it m1d D AD BB DI 1 B e e 9 9 -, PRFFIES T Sezay 12353 e sais@anD L 0 A BSO DA A-IDU 5B B I 6 on s FEPEGTS S 203 3, &S & Sontiiaese mmon P Cn.. 36 omi.on P n otd 8l Common P C war 8Con G Bal n ... 8 Consol Laund . 1 Consol Dairy Pro Buk'a 4 PUBLIC UTILITY & T *1441, Amer. T *102 Capital Yashington Gas orfolk & Waeh Pot. Fler. Pow »ot. Ei Pow. Int. Wash. Rwy Wash. Rws. & ATIO! ~National Capital Columbia ommercial District s Federal-Americi 3 Federal-American Rights Liberty s Lincoln . National Metropol RIERS ... ... second . Nat. Banx o Washington TRUST COMPANY, ity & Trust.. Steamboat..* U ©_pfd AL BANK itan American Se. Bank.. . . ngs & Trust 0 & Trast SAVINGS BANK ommaree & Saving Jast Washineton Seeurit e & Com Saventh Strect Inited State Wasnington Union T Washington “Mechianics FIRE INSURANCE. tional Union. . TITLE INSURANCE. iumbia Title. District of Columbia Paper pf ianston Monotype : JMerchants. Tran. & Storage Merchants' Tran. & Stor. pfd*100 Mergenthaler Linotyne 208 )y, pid. 5 urity Washington M Your Baunker, Knows. When in doubt sbout a security consult your banker. It is equally as! much his interest your to protect | vour savings. {rust him with PLPESE #5 O L2 50 Conti Bak ptd 1 Curtiss Aero M ... 3 De For R C vie 1 Doehler Die C G @ Dubilier € & Rad 26 Durant Mot 8Dup C & R v 1 Fast Roll Mil Ba & Sh P Ry e DD DB DB o rpsy 3k Z 0D O DB FEF PISENE EaN 29 Elec Refrig. 2 Eng Pub S 1 Eng Pub 8 PP pf 8 Fageol Motors 1 Fed Finance A 2¥ed Finance B Fed Motor Truck F&W G 5-10-25 § 5 Firestone T 78 D 37 Ford Motor Can. 6, :k Foundatn For, & ox Theaters A.. B Frank H H Mfc. 2 Freshman. 01 Gen Baking A. 63 Gen Baking B. Gen Fireproofin 22 Gillette S R - 1 Glen Alden Coal & Goodvear Tire T 3Grimes R & C R 5 Hapriness Cd: RS 2 2 0o A DaEH DIDLE DNk 23 S R L R e o R o B n AN DR & PE SEERTSr Sooass e a R oo wasisionSoowmes B ER Al P Sioon ousisrm > 52 R BEREEEBEEES %! I L Lo E 3 Hires. Chas A . 2 Hollander Son A 3 Ind_Ravon Cor A nt Utilities B. . 1 Johns-Manville .. Lambert wi ... La Salle Ext Uni - - 3D DI e RO DI G €3t B3 ecsizes Mengel Box . ... Mid' W Ut pid. Mid W T _pr lien idvale Co. .. ohawk A Municipal Service Music Master C. Narragans El Lt. Natl Elec Pow A % Nat. Pub Ser A.. N'Eng T & T o1 orih O Pow €. r Ont Lt & P pC C b T orthe Pow 1 .. o Briss pf ac Stl Boiler ender D Groe ender D Groc. illsbury Fi M ne ratt & Lanib C. roc & Gam! & Bak 35 108 1981 Doisinminianomisats o wh s FRER BE FFAEALE CIFES PEEEPPREGTEE PPE SPFERE £ DS B AR R AN DD DI D R 5 2 55 0mC iz i S FRE 207 YO 21 BN B2 o B0 DD DI IRIRTAAD DI 3D e S 1 rour deposits—why ot trust him with ‘your investment problems? LEEEE R4 P, D QEPrE e ols T ot . NEW YORK CURB MARKET NEW YORK, March 27~—Following | SEFEL & SIS RE ' FINANCIAL THE EVENING STAR, WASHINGTON, D. C., SATURDAY, MARCH 27, 1926 J SPRNG HESITATION IN BUSINESS SEEN Volume for First Quarter, However, Far Ahead of Any Other Year. Direct to The Star Office The oils appeared more vulnerable than at any time during the recent decline, although there was nothing In the outside situation to cause a change in sentiment. The public utilities held compara- tively firm and Electric Refrigeration Co. shares felt the effect of short cov- ering. As the market drew to a close trad- ing settled down and part of the early losses were retraced. 2 Rickenbacker M; Safe C H & Lt.. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, March 27.—Hesitation {s apparent in the business situation today. There undoubtedly has been a slowing up in the wholesale and manu- facturing lines. This is an annual occurrence at this time of year, ac- | cording to statements by leaders in | various lines of industry received to- day fin dispatches from widespread centers. It is worthy of npte that the volume of business o far this year has been | far ahead of any previous first quar- Slorma Bac £ Singer 5 Serv El Cor A " nia Viscosa In outh Gas & P 4 South by 0\!% B Dlrkluw tand Pul witt Intl . out u S 8 Si & 2 Thomp Rad v ¢ ¢ S Timken Axle ... 16 Trans Lux Pic A 1. Tublze A'S Bvicl 1 Tung_Sol Lamp. 1Uni El Coal vt EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES, |COTTON ADVANCES INLIGHT TRADING Liverpool Price Goes Up on Trade Calling and Con- tinental Buying. No Magie In “Preferred.” There is another answer to the critl: | cism that preferred stocks are inferior | investments in that they do not ver* mit participation by the holder in the| prosperity of the company, as do com- | mon stocks. This is the greater rela- | tive market stability of the preferred 1ssue as contrasted with the common. An investor is interested primarily, By the Associated Press. or ought to be, in regularity of return| NEW YORK, March 27.—Cotton and in reasonable assurance of being | futures opened steady May, 18.69; able to get his money back either on fylayfl._ ji»l'fl_: f)ut;{b?r. 17.63; December, demand or at a fixed date. Certainly | oo ‘anuary, 7. The cotton market was unchanged from this standpoint the preferred is-| to four points higher today on reports sue 1s far superior to the common. of unfavorable weather in the belt, For, whilo the preferred stocks lag |and relatively steady Liverpool cables. way behind when the market for com. | Selling developed on prospects of rela- mon shares is advancing, they also!tively small end-March exports and | show enormously greater resistance to | continued complaints from the goods | a decline. Now, common stocks of old- | trade, but offerings were light, and the established corporations engaged in market sold ubout 5 to 8 points net essentlel industries have in some in- | higher, May advancing to 18.77, and stances {nvestment merit and their ter in the history of this country. Any slowdown that has been recorded is far less than the corresponding drop in Wall Street would lead uninitiated observers to expect. Alfred H. Swayne, vice president of Genernl Motors, stated today that it looks llke automotive products are “going to have one of the best Spring selling seasons in history.” Employment Drops Slightly. General Motors has less than one mouth's supply of cars in the hands of dealers. Ford output is being steadily maintained. But employment | in automobile manufacturing centers shows slight drop, although well above the level of this time last year. Steel men with long experience ex- press an optimistic feeling as to the second quarter business. They an- ticlpate that orders leading to a huge tonnage of production will be re- leased after Easter. Any decline in | new building construction projected | has been counteracted by the activity lon old jobs released by Spring weather. Contracts awarded have shown a | marked gain as compared with last | year. Labor costs are advancing, but | this has not merved to check em | ployment. Lumber prices are fairly stable and new bus ., and shipments are above the records established in 19 The trend of | brick prices and other material quoti | tions are upward. Announcement that the in anthracite coal prices | delayed until Midsummer 8 Uni Fruit C n wi Cni G Imp C, .. Cot Lt &P A Share .. 1 Share on' wy At & Ht nw (t & Ht of arner Bros Pic est Pow Dfd. . § Wilson & Co new 5 Wilson & Co A n 11 Wilson & Co 1 nt 8 Yellow Taxi N Y | Salea in MINING STOCKS hundreds. {7710 Az Globe, Con B e Plymou Lead M. CHICAGO LIVE STOCK MARKET CHICAGO, March 27 (United States Department of Agriculture).—Hozs— Receipts, 3,000 head; uneven; 10 to 25 lower than Friday's average; bulk 240 to 325 pound butchers, 10.90a11.50; majority desirable 200 to 225 pound weight, 11.80a12.25; good and choice | 180 pounds down, 12.50a13.00; top on 1150 to 160 pound averages, 13.00 | packing sows, 10.35 down; sorted kill ing pigs up to 13.25; shippers, 2,000 head; estimated holdover, 1,0 heavy-weight hogs, 10.80a11.5 | gelave dlum, 11.50a12.45; lght, 11. 5; | serv 7 ; cs. | some centers dealers have themselves 5 T e o i R | made and absorbed the usnal seasonal 9.90a10.35; slaughter pigs, 12.75a13.25. Cattle—Recelpts, 800 head; compared | reduction to obviate a possible resent- | ment on the part of the public. nd with week ago, fed steers most ic lower; lower grades and stockers Clothing prices are moving [d;“]’g‘ feeders showing maximum decline: [ ward along with costs of materiafs. few good and cholce steers, steady;|and in general the woolgn an hcol" fat she stock, 25 to 60 lower; can.|ton textile situatipns leave mucl ) steady: bologna | be desired, so far as manufacturers lare concerned. In the non-ferrous ners and cutters, B e e o e "stoers, | motals, copper has reflected the plain intention on the part of many pro- 1.00_higher; extreme top fed steers, ducers to let “George do it,” when it 10,65, paid for yvearlings, medium welght and heavies: lght yearling | (CC 10 restricting output. ' Lead has | been in demand and at a fair pre- helfers upward to 10.10. Sheep—Receipts, 6,000 head: for I S 6,00 mium, while zinc and silver have week around 36,000 head direct, and |mium, WOTC Heavy Fruit Production. 184 cars from nearby feed lots; prac- tically all receipts today direct; cor pared week ago fat lambs, 50 to Crop prospects indicate a heavy lower; vearlings, 25 to 50 lower; fat | production of perishable fruits and sheep, firm; scarcity of sheep sup-|vegetables and grain plantings, held plies supporting weighty fat lambs. |back because of bad weather last Fall, Tops for week: Fat lambs, 14.35;|promise a heavy yield of Spring | shearing lambs, 13.75: fat yearling | wheat. Efforts restrict cotton wethers, 12.00; aged wethers, 10.00: |acreage have not met enthusiastic practically top on fat ewes, 9.00; odd | response and it will be really up to lots, 9.10a9.25. the weather to determine whether the - South will turn out another huge crop or_not. BUTTER LOWER. Suger, with the Cuban rmills in full CHICAGO, March 27 (P).—Butter— | production, has been bumping the Lower; receipts, 7.423 tubs; creamery extras, 39%; standards, 40; extra |consumption bids fal firsts, 38a38%; sec-|than ever before. . Eggs—Lower; re- ases; gflrsts, 28; "ordi- | is undoubtedly on the increase and storage pack extras, |to this in part is attributed a slight | slackening of sales among the chain | stores and mail order houses. . PAIEIVS PRICiS HEAVY. PARIS, March 27 (#).—Prices were heavy on the Bourse today. Three per cent rentes, 47 francs centimes. Exchange on London, 141 francs 1 centimes. Five per cent loan, francs 20 centimes. The dollar was be. not would has to ir to be heavier DRY GOODS MARKET QUIET. Special Dispatch to The Star. NEW YORK, March 27.—Cotton | goods closed the week quietly. cloths were quoted at 77 cents for 64x60's and 9 cents for 68x72 latter a decline of an eighth of a cent. Raw silks dropped 10 cents a pound in a slow mxrkpel. quoted at 29 francs 6% centimes. STOCK DECLINE JUST REACTION TO FALL SPECULATIVE EXCESSES larket Also Was Trying to Get in Closer Touch With Real Business Condition—Harder Money Not Factor in the Slump. | four weeks are down nearly $335,000.- | 000. This is a new check-up by the .| Federal Rescrve Board ban VAl treet activities, and it establis] e liquidation occurred on the Stock EX-| ¢, (1iat the decline during the last change in the last week. Partly It/ ;onti) has released a large amount of was in the nature of a readjustment | cici;." as the result of the speculative ex- x s cesses of the Autumn and Winter, Why Stocks Go Down. Partly it was a market trying to get| Holders of stocks have been won- in closer touch with real business con- | dering why prices have continued to ditlons, in contrast with the exagger- | go down. It is hard for them to un- ated ideas which prevailed gt the be-| derstand that the reason lies in a speculative campaign like that of last ginning of 1926. The feature of the week has been| Auytumn, which was not built on solid the continued firmness of investment | foundations, Speculative Wall Street securities, both bonds and stocks, 8S | had a false idea about railway compared with speculative stocks. In-|mergers and what these would mean vestors are not troubled over the pres- | in the line of increased valuations. Also it had a false notion of the ent situation, but speculators are. The slight increase in money rates | iffect upon values of the proposed might have counted in the Stock | smalgamations in the industrial field. Market {f money rates during the last | Now it has awakened to the fact four years had been a factor. Actual- |that mergers do not mean necessarily ly they have not. The campaigns of | larger values. In the case of the rails suggest a lower overhead. In | two and five months ago went on in 3 the face of a 6% to 6 per cent money |the case of industrials they indicate a saving through combinations. But rate. The declines of the last two months have taken place despite a|the effects of these economic changes appear to have been overdone in the decline in call money and the estab- lishment of long term loans at 414 to|rise in stock market prices since the 45 per cent, the lowest level of the | Midsummer. last year. French francs have made a new low for all time. They have sunk below This has shown that credit condi- tions have had little to do with Wall | the March, 1924, bottom. There is no cure to this sltuation until some Street fluctuations. During the last week there has been | French ministry has the courage to put through a budget which will take | some calling of loans, but it is per- fectly well recognized that by applica- | care of the internal deficit and at the tion to the Federal reserve thess bor-|same time provide for outside obliga- tions, This is going to be one 6f the rowings could be restored. Speculation th . 0 most interesting questions to ,be . to Bieal (Gaxhe worked out with the course of the cur- The fall in prices siuce the last week | rane v, 'wo vears a wi in January has not been due to money Ler,';n";fl;;r\:l b el 1 ::;r:h;fi conditions. It has been the result of [o¢ the $100,000,000 loan from the overspeculation plus & realization that | United States. But now no such as- the business situation has not been de- | gistance seemc possible until veloping in the way anticipated. American war debt is provided for. Production throughout the country |* There is a sharp distinction between continues large, and so does consump- | the investment and speculative mar- tion. The commodity prices have con-|kets. The fall in speculative securi- tinued to fall and this means a I0W | ties has not involved investment se-| profit margin. There has been 1O |curities. Investment values are being period of industrial prosperity which |well maintained on account of the has not been accompanied by rising |easy money conditions. trade values, d this fe and this feature 1s ab | " g,k Changes Not Unusual. sent now. . On the other hand, the essentials of The history of the last four years {a commercial depression are not pres- | is that speculative fluctuations have {ent, The commercial and financial |been sharp, that there have been crises of the past have always been |quick changes from buying move- ushered in by one or other of two | ments without any suflicient outside causes, either an overstocking of |cause. goods at high prices or a deficiency in| The recent Wall Sireet decline can- the credit supply not be explained on the ground of out- Neither of these featurés appears at | side causes except that there was too this time. In all the trade reviews much optimism at the outset of the the point insisted upon is tbat con-|year. Rather it had been due to a sumers are taking no more than they | reaction from an extravagant specula- require for absolute needs. They are |tion on the side of higher prices. It not buying ahead; therefore, in the|is apt to go too far just as the cam- commercial fleld there is no specula- fllfl of October-November went too tion. Brokerage loans within the last on the side of advance. BY STUART P. WEST. Special Dispatch to The Star. W YORK, March 27.—Furth production | usual cut | to stimulate buying, and in | bottom of the price thermometer, but | The practice of installment buying | the | October to 17.68 by the end of the | purchase is not to be condemned by |first hour. one who is first of all an investor, but | The amount of cotton on shipboard they are subject, even the best of |awaiting clearance at the end of the them, to large fluctuations in market | week was estimated at 97,327 bales, price, and if the holder wishes to re-| against 148,553 last year. Private ca- alize ho 18 never sure of being able to | bles attributed the advance in Liver- do it without a loss, and sometimes @ | pool to trade calling and continental substantial loss. buying, but only small demand for “’hunllny common stock {s rated as | cloths and yarns. a good {nvestment this does not carry W VORE. Ma with 1t any guarantee of market sta- | o NEW YORK, Marc bility. Of cours#, neither is there any | [U'ires closed steady such guarantee as to preferred stocks, 0 U Points up. or even to bonds, but there i smaller probability of a wide range with the prefe ad thas the common shares. Finally we should bear 1+ mind that there are poor preferred siicks just as well as there are good. There is nothing magic in the term ‘‘pre forred; It only means that the stock has priority in earnings over the com mon. There are speculative preferred stocks, shares in corporations of un certain earning power or prospect, which are bought and sold not for the 27 (P).—Cotton net unchanged L i 1 I i 1 New Orleans Quotations. NEW ORLEANS, March ) Cotton futures cpened steady. Janu jary, 17.01; May, 17.99: July, 17.65; Oc | tober, 17.00; December, 17.05. The | market was steady, as Liverpool cables were about 4 points better than due and the weather map indicated a | | whose dividend yield at recent prices FINANCTAYL. was accelerated by the establishment of new lows for the season in com- modity prices. Rall shares offered stubborn resist- ance to selling pressure. Publication of relatively favorable February earn- ings reports was a sustaining in fluence. SPECULATIN RFE ONCAUSEOFBREAK i Smali Loans To Arlington and Fairfax County, Virginia, Home Buyers Money advanced within 24 to 36 bours ter application L. Garland Kendrick _ Clarendon, Va. _ Clar. 422 Money to Loan Secured by first deed of trust on real estats. Prevalling interest and comm!ssion, Joseph 1. 0 Wash. L. & Tro eller 5,2 " 9in'a ¥ NN CONSTRUCTION LOANS | 36 Some Hold Decline Came as Discount to Slowing Up of Business. By the Associated Press. | NEW YORK, March 27.—The sharp break in stock prices last week, which | carried ecores of industrial issues to | new low records, revived widespread | discussion as to whether the market | was going through a period of read- | justment to correct the speculative ex- | cesses of the past few montha or dfs- | counting a slowing up of business, or both. While freight car loadings. bank clearings, savings bank deposits anid new life insurance business are being maintained at record levels, there ha been a steady decline in commodity prices, a slackening in some retail lines and a reduction in the margin of profit in some industries through in- creased competition. Selling of stocks spread over a broad list, - but the sharpest declines took piacs in issues whose future prowpects are not likely to come up to earlier ex- | pectations. Motors were hard hit on the circulation of rumors that many || dealers were having diffieulty in dis- posing of cars, and that there had been numerous cancellations. Hudson showed an extreme decline of over 30 points from high level of last week, with sharp breaks aiso taking place in General Mo Mack Trucks and other automotive esues High-priced industrial speclalties. W “Prompt Action =i First Mortgage Loan Lowest Rates of Interest and Commission | Thomas J. Fisher & Company, Inc. COLUMBIA PERMANENT BUILDING ASSOCIATION PAYS was relatively low, also were hard hit particularly such issues as General Electric, Woolworth, Sears-Roebuck and American Can. The announce ment that the Department of Justice possible change to unfavorable | weather over Sunday. First trades here showed gains of 4 to 7 points. Prices continued to gain after the call, and May soon traded up to 18.03, July to 17.65 and Oectober to 17.03, or 7 points net higher on all months com- | pared with yesterday's close. ! NEW ORLEANS, March Cotton futures cloged steady advance of 5 to 7 points. return they give or are expected to give on the money invested, but be- cause the buyer or seller expects to profit by variations in price. These come In the same category as specula. tive common stocks. The investor in a preferred stock, as in every other form of security, must consider <ach issue on its merita . 'PROFIT-TAKING SENDS WHEAT PRICE DOWN !Com and Oats Sympathetic—Crop | * Outlook in Southwest Greatly Improved. May July Oetover | December | Junuary . POTAT!S By the Associated Press. CHICAGO, March liing that appeared to be largely of a profit tak- | ing character led to a material set.| back in wheat prices today during | the early dealings. Reports of a‘ heavy snowfall greatly improving the wh]e‘«nt‘crnp outlook Southwest, espe. | clally in Texasand Oklahoma, counted | NEW |also as & bearish factor. According | Yo |to one estimate which was current, NEW YORK, | the southwest will raise 200.000,000 |ter e receipts { bushels more wheat than last year.| Lgsgs easy { Chicago opening price unchanged ' Cheese e to 14 lower, May, (new. 1588 |to 1.60 and July, 1381, to 1.385, were followed by u somewhat pi | nounced decline all around | Corn and oats sympathized with | wheat weakness. After opening un- { changed to 14 off, May, 767 to 7%, | the corn market underwent a mod erate general sag Oats started at | May, 4034 to 401 showed some loss Provisions went lower, reflecting | the action both of grain and hogs. S BALTIMORE PB.dDUCE. BALTIMORE, March 27 (Special) White potatoes 100 1bs., 00a4.75; beans, bushel. _6.00a7.00. cabbage hamper. potatoes. bbl., carrots, bushel crate. 1.00aL.50 4.00; cucumbers, cr plant, crate, 3.00a6.00 50: lettuce, basket, 2.5 2.50a3.50 parsnips, matoes, crate, 3.50a6 1.00a1.50; radishes, turnips, basket, 25a40. Apples, bbl,’ 2.00a5.00; 75; grapefruit, bo: box, 4.00a5.00 March 27 (#)—But- 9,871 tubs. receipts, 27,786 cases, receipts, 94,989 pounds. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY CHICAGO, March 27 duction continues heavy for the sea- son, with receipts at Wisconsin ware- houses running 19 to per cent over last vear. Prices are now about 3 cents below last vear because of big supplies. » PHILADELPHIA—Dealers who for a time were selling coal on a 2,000- pound-to-the-ton basis now are deliver- ing the long ton of 2,240, PORTLAND, Oreg.—The season b d with only stock offered, with quoted for long hair. o | SAN FRANCISCO—Hawaiiam steam- 100, | ers have begun to bring baranas to fo.|this port. About 4,800 bunshes ar- rived this week s off Later to s up, all months | caulifiower, crate, 0a )a10.00; egg- , bbi 3 - plant, . 50a80: basket, 3.00a3.| | bushel, 75a 4.00a5.00; or- strawberries, | open crates, qt., 30a40. SOCIETY (Continued from Eighth Paze.) Brennan, chairman: Mrs. J. J. Earley, | Mrs. A. A. Auth, Mrs. Joseph Phelan, patronesses, and Mrs. D. W. O'Dono- ghue, tickets. Among the patronesses are Miss C. Ahearn, Mrs. D. Allman, | Mrs. . J. Brennan, Mrs. Thomas P. | Brown, Mrs. E. Bayne, Mrs. Walter L. | Ballard, Mrs. Thomas W. Brahaney, | | Miss May Berich, Mrs. P. V. Beyer, | Miss E. Bergling, Mrs. Joyce Brod- erick, Mrs, Philipp Brown, Mrs. Harry Crandall, Mrs. M. J. Connolly, Mrs. C. R. Craig, Mrs. A. J. Carico, Mrs. M. J. Colbert, Mrs, D. J. Callahan, Mrs. M. J. Collins, Mrs. E. O. Cashell, Mrs. | Peter Drury, Mrs. D. J. Dunningan, Mrg. G. A. Didden, Mrs. J. J. Earley, | Mrs. R. B. Emerson, Mrs. Joseph Fer- | rera. Mrs. F. Flavin, Mrs. H. B. Flather, Mrs. R. S. Golibart, Mrs. Orestas’ Garcia, Mrs. A. S. Gardner. Mrs. L. P. Gatti, Mrs. W. G. Gardner | Misses Hickey, Mrs. E. B. Horen, Mrs. |J. A. Hayden, Mrs. Raymond Holden, Mrs. Leo Harlow, Mrs. Frank J. Hughes, Mrs. A. Hinckley, Miss Kath- erine Judge, Mrs. W. D. Johnson, Mrs. J. H. Johnson, Miss Helen Keane, Mrs. B. D. Klinkiewicz, Mrs. A. E. Murphy, Mrs. James Mekee, Mrs. George May, Mrs. H. Lansdale, Mrs. J. J. Kenelly, Mrs. John Noonan, Mrs. P. Nee, Mrs. L. Ockerhausen, Mrs. A. . Orme, Mrs. D. W. O'Donoghue, Mrs. James Orme, Mrs. E. C. Poston, Mrs, Willlam Plerce, Mrs. Joseph A. Phelan, Mrs. E. J. Quinn, Mrs. M. Brooks, Mrs. M. J. Reidy, Mrs, A. Rauel, Mrs. H. L. Rvan, Mrs. W. H. Rapley, Mrs. B. Saul. Mrs. W. Al Simpson. Misses Saul. Mrs. D. C. Shea. Mrs. H. O. Sheridan, Mrs. Joseph T. Tumulty, Mrs. Tobriner. Mrs. M. Velati, M . Viond. Mrs. Harry |Wardman, Mrs. H. B. Wilson and Mrs. Dewey Zirkin. i Mrs. Hattle Dickinson, widow of Dr. James A. Dickinson, after spending the Winter in California, has | returned to her apartment in Klingle | Mansions. R DRI 4 AM Mr. Will Bradley, artist and &ulhbr.’ of Short Hills, N. J., accompanied by Mrs. Bradley, arrived in Washington today, and while in the city will stay at the Mayflower. Mrs. Paul Shorb will be the hostess | at tea at the American Association of | Women tomorrow after ' e will be a{ | University wiil be at the plano and | Wayne \Vheeler, soprano. will e several numbe | Mrs, Arthur E. Whitney and Miss Margaret Whitney of Garden City, Long Island, are in Washington, d are guests at the Mayflower. I MARKET STRONGER. |, CHICAGO. March P).—Pota- toes, receipts, 90 ¢ total United | States shipments, 21 Canadian trading limtted: market stronger; prices higher, and few sales: Wis- consin facked round whites, 4.60a .75; occasional fancy, shade I¢aho sacked russets, 4.75a4. BAR SILVER PRICE. NEW YORK, March P).—Bar silver, 656; Mexican dollars, 50%. higher; | RK numr—m"onut:'rs,i Cheese pro- | mohair | limited | 45 cents a pound would investigate recent oil mergers dampened bullish enthusiasm for those fesues. Public utilities vielded readily to heavy bear selling in the closing days of the week. ! Equipments turned weak when bear drive against Baldwin carried that issue below par to the lowest level in four vears. Acute weakness so developed in the food group, wit National Dalry Produ Fleisct mann, Ward Baking B. Ameri Sugar Refinlng and United Fruit as the principal targets for bear pres sure. Selling of the sugar shares 'E==m=m————————m—m—mm=x 5% Assets Quver $700,000 733 12th Street N.W. Melvin €. Hazen, President Floyd E. Davis. Treasurer Clarence 1. Gessford. Secretary a 4ssociations “4 Man Is Known By the Company He Keeps.” HERE conservative securities, Govern- ment Bonds and a stead- ily growing Bank Book are found. there also found— arg First Mortgage Notes on Washington Real Estate. They pay an annual in- come on the investment of 6"2% MORTGAGE INVESTMENT DEPARTMENT ON.&LUCHY 713. 715 and 717 14th St. N.W. Main 2345 0OCO-GAS Try AMOCO MOTOR. OIL ~‘as good. as the gas*® Products of THE AMERICAN OIL CO. APFILIATED WiTH S0 AMERICAN PETROLELIM & TRANSPORT COMPANY asp ms suomouney MERCAY PEROLELAN CORPORITION