Evening Star Newspaper, April 3, 1926, Page 15

C., SATURDAY, APRIL FINANCIAL. & 1. Kuiss. president of the Otie] Second Trust Notes Purchased NCIAL. 3, 1926. FIN/ THE EVENING STAR. WASHINGTON, D. . EASTER FLOWERS ABOUND IN MARKET Eggs and Poultry Cheaper. Trade Is Brisker—Many Delicacies Displayed. Faster flowers were in evidence in and ahout the markets and In nu merous wholesale houses this morn ing. All moris of necessities and d cacien alao were on the stands A earlv morning buying showed an im proved condition over the lenten sea on Fasier conditions were reported in he egg and poultry market. the inter esting easing. according heing In connection with the price of Spring broilers. high as 70 cenis early dropped to 50 and 55, while eggs drop ped as low as 20 There also was a drop in the of Spring lambhs welghing from 60 pounda. the price quotad heing cents. Frulte and vegetables were in greal .« demand foday. especially strawbers asparagus and tomatoes. Liberal sup plies of strawharrics hrought the price e o e Live broilers sold as | in the season. | of fancy stock to 35 cents, good qual | ity ones 1o herries to 3 20 Market Prices Today. Rut Fancy 50 tub, 47ad8: store-packed. 30 Ezge—Fresh selectod. 30 nery. 33a35. current receipts. Poultry, alive — Turkeys. toms, 40: Spring broflers. 30a3s mouth Rock broilers, 113 to o pounds. A0 smaller. 40a45: White Legharns 50a35; Winter chickens. 3 pounds and over. 40ad3: fowls, 30: roostars. 20 Aucks. voung. 30: old. 5 voung. 75 old, 45a50 Drassed— Turkevs. hens. 33 50 broilers, 70; fowls 30232 voung. 90a1.00: old. 30a60. Live stock—Calves, cholce dium. 11a12; thin, 7af: hogs. and medium. 13'%: light. choice. lambs. 20. Meats—Beef 16. lamb, 22a24: dressed pork. heavy Fruit and Vegetable Review. Today's market report on fruits and vegetahies (compiled by the Market News Service Bureau of Agricultural nomics) says Apples Supplies moderate; demand moderate, market stexdy: harrels, Maryland, Virginia, A 21; inches up, Staymans, many scalded, 4.00a5.00; few hest. 5.30: A 21y Inches up, Yorks, ~calded 3.0024.00; few bes: 5.00 hoxes, Washington. medium to large <ize, extra fancy Delicious, 4.00; Wine aps and Yellow Newtons. 2 hushel haskeis, New Vork oches, Raldwins, mostly 1 hizh as 1.50: bushel hampers, New lersey, A 2%, inches, Romes, scalded Asparagus and 40 and mouldy I'pound prints. 29a30. hans Ply toms, keatm, 14; demand weaker; very South white £.00a wize ippiies liberal moderate. market slightly California. dozen-bunch crates, large size. 6.50. larxe size. 6.00 Carolina. dozen-hunch craies very large sizes, 5.00: large sizes medinm size. 3. small Cabbage moderate Florida. 113 t¥pa. 2.6 3 Celery modea, ma inch crates, ed precooled Rupplies moderate: demand arket steady: new ishel hampers, stock pointed Siepplieg modecate 300at.” mosily 2,75 Tettuce —Supplies mode maderate. marvker ste Imperial Valiey, cr ordinary to fair quality 5-dozen. 4.50a5.00: h-dozen Florida. 1-hushel hampers vpe 23,50 “nd cond Onions-— Supplies erate. market stendy New sachusetis and Michigin sacks, Yellows, U. 8. No. 1 mostly moderate. ke pound sichs, | % Muine Trish Cobblers. 1. & demand . 10 wash et steady i dozen demand ady: Californ es, leaberg tvpe and Boston according o quality tion: fen or Vork 1003 3.5 Supplies Hheral: demand firm: Michigin, 150 Rurals No 1500t No. I, 9.9 1590t 85 Spinach Demand Light, Spinach mand light Texas, bu mostiy 1.00 Strawhe demand o om: Florida 35 few hest ome holdovers 5 per uart Caulifiower—Supplies light salas (o esiablish market Tomatoes— Supplies moderate mand limited. market slightly weaker few mixes. ripes wrapped. repacked fancy count. £.00a850: choice count 7.00: 3-pan cartons, choies connt, run ning small. 3.00 Carrots wplies light moderate. market firm: Te haskets, mostly 2.00, few fa lower. Beeats sales reported Peas—Too few early lish market. Eggplant ported tring beans—Supplies mand moderate, market Florida, s -bushel hampers, green. fair auality and condition. 4.6045.00; few hest, A.00; poorer, low as 3.00. erate: de steady Supplies n ket Savor type nnplies moderate zood k. mark fricerators, 3 rondi 2504, Tow for poor condition demand as, hushel squash. peppers—No sales light: de. fairly steady NEW ISSUES DECLINE. NEW YORK, decline April 3 (®).—The stock prices the greater part March was aceom- panied by a drop of more than $23 008,000 in the volume of new corporate issues floated during the month com pared with March last vear, the total heing $301,136,300 was substantially smaller $351.662,000 for February 0.100 for January. road bonds and $25,000.000. This decline wus chiefl responsible for the smaller monthly total. . BALTIMORE BANK CLEARINGS. Specim Dispaich to The Siar BALTIMORE, clearings in March continued 1o hold their lead nver last vear, showing an increase of $50.439,31%, The March total as §302 compared with $451.736.81 in corvesponding month in 1 Tocal claarings for the first quarter of 1 amounted to $1.420.615,298, and est lished a new high record for that rind. During the first quarter of 1 the total was $1,275,180,112, CUSTOMS RECEPITS GAIN. Special Dispatch 1o The Star. BALTIMORE. April 3 eceipts of . customs at Baltimore for March, 1926, totaled nearly $500,000 more than for the same geriod last vear, according 10 the repost of Charles H. Holizman, llector Holtzian reporied vol- ;’Nlnnn of $1,531.494.86 for the month, againat §1.052488.61 for March, 25, an increase of $479.006. lections at the Washingion Holtzman reported, were $41,55 the month, as against § 2 March, 1925, an increase of $5.619.16. Your BRanker, Knows. When in douht about a security v consult your hanker. It is equally as mueh his interest as your to protect veur savings. You trust him with yenr deposits—why not trust him with yeur investment problems? in of than the and 3546 36.55, A 40| hen | 5 keats, | | condition. | demind mod. | Max. | sicks, | AM F. HEFFERNAN. Special Dispateh to The Star. W YORK. April 3.—The big changes in today's brief session on the Curb Exchange were on the side of advance. The main body of stocks, however, was dull with small price changes. It was evident from the action of a Bumber of public utilities that a large | short interest had been caught unex- pectedly and was hurrving to cover. Electric bond and share securities on a block of 2,200 shares opened at {for w guin of T points, but came off | sharply as soon ax the early demand | had been supplied. Am n Light land “Practlon gained 4 points. United Gas and #mprovement, Following and stocks k Curb Mar- | NEW_ YORK. April 3. s an afMcial Hst of bon traded (n on the New Yo 1o dealers, | ket today « RONDE . 8, Klee te 08 fe 03 ware 'A% DA ¥ 6 Low. C & Ataniie tos | 1 Cudahy 314s 1 Det Gas By 19 Eitin 4 Elec Ind O & G ? Insp Con Cop 6 I Laclede Gas 8158 Lehigh Pow b MeN & 1 & Co %y at D Prod 6 or S P M AL 3 Ohio Pow 3 0ns Steel 6y A I Pan Am Pet s E i3 '3 ure 011 Co' By ) Kar Bu Blys [ 1 Sloss Sheff B . Po & L ba Giks.. -0 Kita Run A134 Wenster Mil B FOREIGN RONDS 20 Cologne a5 2 Dresden . Deot_Antig { Foawen Ruoe L 139 Rheine! 2 Rhine i Rusa G ® Sandu 10 Swine A Thyse It & S0 STANDARD OIL ISSUES e Un Westoh Uy Cumberiand P 1. Tena Sienal Oil 300 Imp OV f Can 0 50 Indiana B a0 Dhio OFl T00 Prarvie 0 & S0 Soninern P L 0 s 0 Indiana 31 100 T OIL STOCKS ties Service n plumhia Synd Cons Rox Creole Synd A Crown Crat Peir 1 Buelid 0N Co 13 Gen Pet nl 10 Guit Oil of Pi { FEDERAL LAND BANK BONDS. ton few de- | condition | sales (o estab- | | Adirond. P. & L. €. fis | This figure aiso April 3 —TLocal hank | 11 per cent. | the | E | | Brown & Sons.) Apnrox LQuoted by Alex Maturity Bid PO Ty TREASURY CERTIFiCATES. tations furnished by Redmond & (s s ———Close. Bid o 100 1,16 SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) <53 3 33323338333 Alim o of_Amer Amer. Beel 8 AT ndin “cavper s Armciated O & 1035 Atlimere & Ohio fs 1 i nienem ‘Steel B 1938 Boniral ‘of Georgis fs 1 CTN ML & St Paul 61 R PacBlan 1 Cits of Lyon 8 1034 Columb, 6. & F. st et 6 & Federated Metals Frehr Rogy Coro. 3 1 G T &R Offerings of rail- | > notes fell off about | eutral 05 1 Line 45 1 " & 5 on 01l of Calif n Pac. R Rubber Western Uni Westinghouse FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Seiling checky wolf value, - todey. London. pound. .. .. .$4.8665 $4.86 ontreal. dolar..... 1:00 st franc k. fra mark e lita. .. . franc diachm veseta crown 000014 1y 00014 1y Copenhagen. crown.’.. Oslo. crown Stockho e W YORK, April 3 (#), anges quiet: cents): Great 485 13-16; cables, 4861, on banks, 4.817%. cables, ables, quotations Bricain, 80-day bills France, demand, Italy, dn 46. 4 Belgium, Ho Ger Denmark, Spain, 12.40: Czecho- . 1760 Aus- 17 witzerland, 5 M ireece, 1.34; Poland, slovakia, 2.96: Jugeslav: tria, 14; Rumania, 41%: Argentina, 39.62; Brazil, 14.06; Tokin, 46; Shanghai, 72% Montreal, 99 27-32. demand, | 70 | and | tire stocks were fract | | NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Improvement in baking companies stocks was due to the same sort of hurried covering.. General class rose well over a point and the “B" was up portionately. Continental Baking A gain more than 3 point the “B" along. while F preferved rose 2 points. o Buch stocks ax Fajardo Bugar, Land ‘o, whigh have heen subjected to profes- sfonal operations for some time past, responded readily to huying. The market for the oil shares, aside from a few of the high-priced mem- bers, was narrow, with price changes having littie significance. Motor and ally higher, hile the mining group was neglected. and carried rity Bakeries 18 Lago Pet. 49 Lugo O A" 5 Laonard 01 Lion Ol ... Murgay Oil & Mex Panuco Mount Guif New Bradfoid Land I Corn ennok Ol C ed Rank Ol Reiter Foster Salt Creek Py Tidewater Oil. A Tidewater O i 0 Venesiielan Pei . 1 Wileox 0 & G 3 Woodles Pet INDUSTRIALS Am Cywnamid i 0 Am El i Elpid i rod. L & Trac w 51 Pow & Lin . Pow & 1. ) Supery or bi % Amso Goa' & B i Awso Gua & e 2 Auburn” Auto € 1 Aviaep &' 1 Bloomingda’ I of 1 orden Co rud Fireor(s 1 1 1 Brideeport 1 Brill C i Nip 5 i Nip B T line & Atkman b Sommon' 1 ¢ mmon Conwol G n Bak pfd Taujis ‘it L e HOA W ow Chem Vie . Jurant Mot 2L Rond & Sh' pf 10 B & Shon Cor. 3 A El Invest Ine... 3 Bl Rei “Theaters nk H H o G B K Glen Alde; 134 Goody rar GAAPT Srimes R & Havviness Havpineas Heroules P ind Razon Cor 2 Intl Project Inti Rwy ntern Uil B ohng-Manville Lamnert Co Cand Co Fla Len Pow n 2 Lehi Val C N € Meiro Cha Strs Mid Wes Mid Weat 1 Midvale Ce Moiawk V 2 Mohawk Hu Munie orin 116 une’ Mater ‘A XY Tel Co pf Nickel Plate n wi 1 icx Drug Strs s Phelps Doaige ? Puget S P & L. APunity Buking A 18 Puriy Baking B 206 by Purits Baking f Ba1 % Rund Kardex B'n 40 3 oo Mot 1 Rickenbacker Mot I saile CH & Lt ey El Corp A 4 Snia Viscosa I R 14 South P & 1. 4 South P & 400 8ou P & 1. 1 Sou Cal E ’1 :(MR"H ’l.f g Pa 3 Stand Puh € 1 omh«Carls Te 7 Stuty Mator @ Qwirt it Tawin & ¢ Tampa El 2 § Trams ‘Lux Pic ‘A 2 Trambuill Steel 1 Tuliv Cup Corp. 8 Tung Sol Lmp 4 ot e €y 20 Um G Imp . 40m Lt &P A 220ni L& P onw Bomiszag s 28RS 5 o [ Pt ity N e S Mach p! & Co A nw 5 Yell Taxi € N | suten in | Foreign | of the country when the “all-Florida demand, | out. {the ndseds 1 18 Thet G M. 08 Nine M... ne M1 Mine. . R Kax Copper Cor 16 K. 7 Ohin Cop ... 10 Plymouth L.d 1 Tono Belmant Tononah Ext Tono Min . i PUm Verde Bxi! 2 Utah Apex ... S. A. L. TO LEASE TWO GEORGIA RAILROADS Tentatively Agrees to Rent South Gegrgin and Georgia Northern Lines, in Expansion. Special Dispateh to The BALTIMOR The Sea- hoard Air Line Railway, of which &, e Warfield of Baltimore Is presi- Nt has teniatively azreed tn lens mth Georgin Railway and the ieorzia Northern Railw The two roads are to Serve as con necting links in the proposed new outlets from Tampa, Fla., and West Florida coast polnts to Alabama cities and the West. Teasing of the two roads apparently i a step in the expansion plans for Seahoard Railway, announced Iy by Warfleld, it was sald by J. Casey, a business associate. he Seahoard has neen built as far as Palm Beach and now is heing ex- tended to Miami. Important cities on both the Kast and West coasts will be linked with each other and the rest system’ plan of Warfield is carried TRADE GAINS IN ATLANTA. Special Dispatch to The Star, ATLANTA, April 3.—Retall and wholesale businese in this section fs | over 8 per cent ahead of that for the similar period of last year. | Atlanta bank clearings for Mareh | totaled $327,146,660. the largest ever Baking | f Florida and Engineers’ Gold, | Steel and Midland Steel Product com- | panies, said toda “Fvery one, nearly, continuea to| buy from hand to mouth, but T am op timistic that business will carry along in a satisfactory manner. Both our plants are running full and T be lieve operations at this rate will con- tinue this month. 1 helieve prices have reached bottom. As I size up the situation, it is a battle to master low cost production. The money must be made in the mill. Ax to automobile production, em ployment in the Detroft distriet has fallen off 1,455 from the previous by Capacity Production in week, but the total number of work \Stefl Plants. ers, 269,959, is well above the num- 2 | ber' employed at this time last year. President H. N. Jewett of the Paige- Jewett Co, sald today: “To keep up with demand we have | scheduled for production in April 5,660 Paiges, an increase of 2,460 over March production and 10 times the number built in April last vear."” | Demand for tires, especially of the balloon type, is improving, according to dispatehes from Akron. Crude rub- ber was fairly quiet. but with a slight gain recorded for the week. Volume of construction is ahout 25 per cent ahead of that of last Materfal prices have eased, counter- halancing increases in labor costs. New lumber husiness fell slightly, but is atill above the 1925 April level. The trend In floor coverings will not hecome fully apparent until the sales next week. Raw silk is dull and cotton and weol have shown Hittle improvement. but despite wails from some textile Industries the hosiery manufacturers are xo pressed with husiness that their operatives are making $50 1o $125 a week in the Philadelphia_section U. . RETAIL TRADE ON UPWARD TREND Condition of Country Shown BY J. C. ROYLE, Special Dispatch to The Sta NEW YORK, April 3.-—The reli gious holidays unquestionably had a depressing effect on production i threughout the country this week. It ix equally certain that Kaster sales have stimulated retall distribu- tion. Despite the recent rolling and | pitching of the speculative markets, commerce, industry and trade are on 2 fairly even keel. Retull traqe now is on the upward trend for the country as a whole. Department stores, mail order houses and chain store organizations. in gen- eval, did a ousiness during March approximately 5 per cent above that of March 25, 1925. It is doubtful, how- ever, If further Increases will be sen. sational. There is at the moment a slight slump in buying. This has bean due, according to Government experts and well informed financiers to weather conditions and to uncer. tainty as to what Wall Street's move. ments portended, to desire to awalit crop developments and to a plain ordinary fit of saving. But the important thing Is that Prompt Action year. | First Mortgage Loans| whether impulge to buy has sagged, abllity o buy is still at its helght.| Lowest Rates of Interest and Commission Employment is well nigh universal.| Thomas J. Fisher & Company, Inc. Wages are excellent and in some lines | _ 8 15h Street notably the building trades—are moving higher. The call is golng out for workers on construction projects and in agricultural purauits. Pessimis. | e views of the steel situation—and xtael I8 one of the most rellable gen eral business barometers—do not seem justified In view of the fact the United States Steel Corporation plants are working above 100 per cent of | theoretical capacity | WE FINANCE ——all Classes of income-producing property Large Loans a Specialty Current int. rate and commission Higbie & Richardson, Inc. 816 15th St. N.W. 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 Apartments Office Buildings Houses Business Properties MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 WE BELIEVE IN SAFETY; OTHERS BELIEVE IN US The proper placing of your surplus funds demands safety. Safety through conservatism and experienced judgment in real estate investment, is the prime purpose of our A Third 6'49% FIRST MORTGAGES i Investors have followed our counsel, protecting their funds with these securities and en- joying regular, full interest- income, for a third of a cen- tury. Ask us about them. Century Without a Loss B. F. SAUL CO. Main 2100 925 15th St. NW. “AND -, THE .SEED.. FELL IN FERTILE SAVINGS AND SEEDS WILL. MULTIPLY IF GIVEN A CHANCE OUR savings, like the farmers’ seeds, are the result of vour labors. They are the best that you have been able to gather —they are the compensation for honest endeavor. For that reason, just as the farmer plants his seeds in proven fertile soil, should you choose First Mortgage Notes On Improved W “They Are Safe ANNUAL RETURN 6% gton_Real Estate wd Remunerative” NNON; & LUCH Mortgage 713 14th St. recorded in that month. Savings de- posits and bank debits bath gained, as did building operatione. Investment Dept. Main 2345 Funds immadiate) vall trust notes on D. C. and ni property. See Mr ad, Lo rAll‘lI‘. at Wiitam K. Hartung & Compans 108 16th Birest NoAV. Wain 312 7% VNO LOSS To Any Inveetor THE F. H. SMITH Co. for, seond by Marylan IN 53 YEARS Pirst Mort, Bond: 315 15¢h St.,N.W..Washington, D.C. 67 CONSTRUCTION 6% LOANS FRED T. NESBIT Investment Bldg. M. 9392, Small Loans To Arlington and Fairfax County, Virginia, Home Ruyers ced w) 24 to 36 hours after application L. Garland Kendrick Clarendon, Va. Clar. 422, Money KLLITTTET Profitable Investments in Business Properties Are i Splendid Investment Uptown Apartments Nearly new apartment building containing over 112 apartments, yielding yearly rentals of about $100.000. i 1 Can be hought for less than Cropping times the rentals. Has % Up frst trust of $300.000 to run " | . shout % yemrs. ° Daily Address Box 154-B Star Office We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. Should you have Money to Invest we can aleo take care of you. Our experience, ex- tending over a period of Thirty-Five Years insures your protection. Percy H. Russell Co. 926 15th St. N.W. 5% Money to Loan Secnred by first deed of trust on resl estate. Prevailing interest and commiesion, Joseph I. Weller %, Ly COLUMBIA PERMANENT BUILDING ASSOCIATION PAYS 5% Assets Over $700,000 733 12th Street N.W. Melvin C. Hazen, Precident Floyd E. Davis, Treasurer Clarence 1. Gessford, Secretary PHILADELPHIA Frank M. HaLu Manager . Now Years IFTY-SEVEN years the foundation of the modern First Mortgage business in Washing- ton was laid when the office of the direct predecessors of Swartzell, Rheem & Hensey Co. was opened on Seventh Street Northwest. The founders of the business pledged themselves to conduct a business which would not only serve as an aid in the upbuilding of the city, but which also would afford absolute protection for the funds of those investing in the first mortgages themselves. Today—57 years later—we feel that we may point with pride to a pledge fulfilled. We feel we have kept faith with our founders and also with the public of Washington, by keeping our first mortgage investments safe. To- day, we ask you to share with us the pride of the past and anticipation of the future which iz embodied in our statement: Swarizell, Rheem & Hensey Co., Mortgage Bankers T2715th. Street, L., VashinglonDC. to Money to Loan Secured by first degd of trust on Real Tstate in the Nation's Capital. Current Rates Prompt Reply 713, 715 and 717 14th Street Main 2345 NN, we will be pleased to review facts and figures with you on many we have on our listings. Hedges # Middletonk« . O REALTORS 1412 Eye St.NW. Frank/in9503 GRAHAM, PARSONS & Co. INVESTMENT SECURITIES NEW YORK announces the removal of its WASHINGTON OFFICE SUITE 300, SOUTHERN BUILDING 15th and H Streets, N. W. TELEPHONE Main 9310 TR AN s ) 2 2 : 3 : i : i i} i i i I} i | i i i i i { i : sfl |