Evening Star Newspaper, April 5, 1926, Page 23

FINANCIAL. THE COTTON DECLINES ON EARLY SELLING Better Weather Reports Are Factor in Price Drop in Today’s Trading. ‘ | By tha Assoctated P NEW YORK, Ap: Fu-| | the opening, the A gaining more than NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. NEW YORK, April 6.—Agreement of the Ward Food Products intérests to abandon definitely under the pro- posed alignment the consolidation of leading baking and food companies into one gigantic corporation resulted in sharp upturns in shares of com- panies involved in the merger. Stock of the Conttnental Baking Co., which was to play a prominent part in the deal, ran up fmmediately at were being taken in hand for partic ular reasons and one which was ¢ tireiy different from that of the | ast two months, where the general body of stocks was carried down cause of the belief that the high level of prices had overestimated actual business conditions. | The short interest in Land Co. of Florida found that it had to bid | the price up another 2 points to 32 in order to cover in at least part of its oblizations. A similar rise in ] Wilson & Co. to 19 reflected fmproye. ment in the business of tite company during the first month of the year, 4 polnts from the Baturday closing | \hich was u highly favorable com- opened ely steady; May, July, 18.25; October, 17.63; De- cember, 17.31; January, 17.24. The market was barely steady to- Aay at a decline of 9 to 13 points| and soon showed net losses of about 15 to 20 points under liquidation,! Wall street and Southern seil parently inspired by more fa weather reports than expected the holidays. Traders who had carried long con tracts over the three-day adjourn-i ment in anticipation of storms in the | South were among the early sellers, hut weather conditions were still more or lesa unsettlad. After initial! offerings had been absorbed the mar- ket turned a shade steadier. May ®0ld off to 18.65 and October to 17.56 early, but showed rallies of 4 or § points from the lowest at the end of the first hour. The over-holiday report on boll weevil survival came In for compara- tively little comment The Liverpool market will reopen for business tomorrow morning. New Orleans Quotations. NEW ORLEANS, April 5 (®).— ot ton futures ned steady May 17.95; July 53: October, 16.85: De. 16.92; January (1 16.85) 18.76 over comber, bid. vas easy but fairly ac-| was still ob: ing | s, but i the that market pr First trades showed | 19 pofnts and eased ! point after the call. n to 17.94, July to : ober to 18.85. or 16 to| Dpoints below Thursday's close. | 4 the end of the first half-hour | ces showed slight rallies on the| forecast for colder and rainy \\‘Pdlhvl" in the belt ! Cotton Steady NEW ORLEAN ton futures noon s 18.00; July 62: Octobt ember 1; January, 16 pril 5 (#) bids, steady October, 1 1714 Noon. | ). ady | NEW YORF futures, 11:4 18.70; July. 18.22 cember, 17.23; January LEGION PUSHE:'.S MEASURES | Letter to Urging Aid for Disabled. Sends Representatives lay placed | member of the action on three | Ly House com-, t the fam ¢ disabied veterans through in- | lieve dependent | and extend cer- bled volunteer | 10 recipients we consideration of floor they were 1 to stand ur disabled.” on the Waéhington Stock Exchange | i |5 i | | $5.000 at At 105% . $ mr at 102 Fl ptd ‘40 at 4231000 at | Money—Cail 5 Bid md \:ked BONDS. PUBLIC UTILITIES a6 pe Prices. cent Southern Blde Wash. Mkt. Cold S STOCKS. 'BLIC UTILITY. *145 108 Bank ‘of Was TRUST COMPANY an Security & Trust.. ental Trust ¢ ‘hants. Bank onal Savings & Trust 1. & Storage. n. & Stor. pfd. Linotyp Linotype (new) 103 tores pfd. ... 101 388 100 83 0 Before You Invest—Investigate. t's queer how careful a man can | e after he's lost his nioney. Abe Martin says that a man who is not satisfied with 6 per cent and his woney are soon D&rled Net profit of Willys-Overland Co. { influenced by {is an official list of bonds and stocks and the B rising proportionately. Gen | eral Baking A gained more than 2 | points and others of the group were thelr strength, notably Purity Bakerfes B, which was a point higher at 30. The trading volume was consider- bly smaller in other sections. It market in which special stocks | parison with the results of the last quarter of 1925, Little of importance happened in the market for ofl shares. An- nouncement that negotiations for the consolidation of two prominent com- panies had been abandoned might have had a retarding effect upon operations. NEW YORK, April §.—Following ‘ “l‘”' 1061 traded in on the New York Curb Mar- | en 1151)° 1 et today .u R\\ Pow pf : Mol i Pow |n Mugic Sales in BONDS. 23 I AS'Sim Trana Biga 9 At G&WI SS 5a. At Fruit Se. R 0 Beth St 78 35, 1 Boston & Me 8 g Ponn Wat | 4 Pitted & L 1 Bitteh B Gl Cit Serv amble A 3G gerv ga How TR ¢ Purity Bak B 1 Reo M 4 Rickenback Mot Detrot chee 6 o Eitingon Schila 65 AP a bly 1001, Pure’ Oi1 Co 6158 103 Serv E Dela a9y, Shutte R % 0513 100 103+ 101 5 s 058 U E <5 -Tumnu OIL ISSUES. 10315 1018 17 Uiah Metas | MARCH FOR 4 YEARS | MONTH OF DECLINES Period Featured by Downward. Movement Since 1923, Wall Street Figures Show. 0 Ang Am O n vte Ill\:l(mnnvm Ol nw 700 Hubble Oil & R Humb 0 & R 00 18005 & o 1003 0 Kansas. ]llm\ 4\ \ " 8 0 Ohio 183, DVJ'- sies INDEPENDENT OIL, in hundreds. 4 April h has e L 2« | been a month of declining stock prices | et 3 for the lust four years. TIn 1823 the | s 'l.’, 3% | downward movement which began in B Git Serv pid March continued through Lute Summer, when prices headed 1 ¥ 1 T Cit Serv ptd B 2 Columbia Synd to turn reactior B The ued downwi moved sidewise for le and then bounded upward what is now known a Cooll boom,” one of the I¢ ‘bull” 700 Vacuum 01l By the Associ EW YORK, ‘1 Press | | tempo- | when trials dropped but started upw and continued, v 13 124.06 to 5.67. the next month 1 the exception of pother temporary br k last No | vember, until February 11, this year when the record-breaking top of 146.07 was established. e average \HI\VPJ’ 139.28 by the end of ebruary. | 1y in March came the first sensa- | tional break, bringing the average down to 131.74 In three days. Then moderate recovery, followed by an-| other collapse toward the end of the h, the average touching 123.11 on | h 30, but rallying to 25 the| ext day Superpow. A 0_Gas & Flec 10 Biin City R R 134 | 3 Bludidtes {v Y ! i PLASTERERS SEEK RAISE. | Special Dispatch to The Star CHICAGO, April 5.—Signs of trouble | have developed in the building trades, | where plasterers are asking a basic | | wage of $14 a day with a five-day | week The basic ge is now 2 Bonuses wonld be on top of tt scale. The contractors have 1 to meet the demands. Their ment with the plasterers ends April 30, BAR SILVER PRICE. NEW YORK, April 5 (4). ver Mexican dollars Frsas e P OBSERVING HOLIDAY. LIVERPOOL. April 5 (#).—The Cot- ton Exchange is closed today. PARIS, April The is closed today. Bourse 2 Heyder em h( Hervu!n Pow vn iman B pfd Prompt Action First Mortgage Loans st Rates of Intercst and Commission Thnmns J. Fisher & Company, Inc. 738 15th Ntreet ot ";}m Ravon C A Equitable Co-operative Building Ass’n b JOHN JOY EDSON, President FRANK P. REESIDE, Secretary Organized 1879 46th YEAR COMPLETED $5,031,814.86 Surplus $1,352,749.93 Subscriptions for the 90th lIssue of Stock Being Received 1l | SHARES $2.50 PER The Systematic Saver Accomplishes Most —saving through the Equitable. Let your pay day be our pay day and continue to save regularly. This way you can build up a smail fortune. | . for 1925 rose to $11,422,777 after all charges, equal after preferred aivi- a to $436 a share on the com compared with $2,086,645. or * cents @ share gi the common, i 1924, aa — NG property Willlam K. it al 1108 16th Street %‘“n" » fl.’l' 372 REAL EUTNATTE LOANS A Slz} TMENT JOUS BUAINESS PROBIY RESIDENCE LOANS AT LOW BATES FRED T. NESBIT IVVESTMENT BLDG. Main 9392 COLUMBIA PERMANENT BUILDING ASSOCIATION PAYS 5% Assets Over $700,000 733 12th Street N.W. Melvin C. Hazen, President Floyd E. Davis, Treasurer Clarence 1. Gessford, Secretary Organised_in_ 1814 Years Hence Will s offered for probate, vour interests will safeguard, if appear as Executor or Trustee when your family's have every we {Consult with Our I'rust Officer now concerning this matter, and see that this century-old bank 1s named to carry out vour final wishes in Youg will 3% on Savings National Metropolitan 7o Bank Years o Years Old old Capital, Surplus & Undivided Profits, Over $1,800,000.00 15th St., opp. U. S. Treasury STAR, WASHINGTON, D. MONDAY, APRIL We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street We will gladly receive and give prompt attention to applications for on Washington ' Real Estate Current rates of inter- est. Should you have Money to Invest —we can also 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. full confidence of those who have learned by experi- ence all that such a recommendation im- plies. Convenient amounts of $100 Confidence HE result of nearly two dec- ades faithful service to an ever-gruwing clientele! First Mort- and up, bearing gage Notes recom- mended by this or- ganization have the 61/2 9/0 ROSSERFHELPS 1417 K Street M 9300 “AND: THE PROTECTED PLANTING AND PROTECTED INVESTMENT E H a windbreak of <tatelv cedars and a friendly hill protected it from frost. The southern sun warmed it by day and the little brook drained the waters of heavy storms from the roots of the plants and thus prevented rot. In the Autumn he recerved his reward in a bumper crop. planted his crop in the west meadow where Money will also yield a big return if placed in as dependable a security as First Mortgage Notes secured by Improved Real Estate in the Nation's Capital. ANNUAL RETURN 713 14th St Mortgage Main 2348 Investment Dept. HEN the patriot, Patrick Henry, proclaimed before his fellow countrymen “Give me Liberty or give me Death,” he expressed to the world of those days his unbounded faith and the faith of his co-patriots in the future independence and security of this great commonwealth. And so, in business, has this great virtue played its part in the history of Swartzell, Rheem & Hensey Company. For throughout the years this company has kept faith with its investors, ever guardful of their interests, and protect- ing them from loss for the fifty-seven years of its existence. On this record, we ask your faith in the years to come. Swartzell,Rheem & Hensey Co., NMortgageB T27-151h. Street, .V, WaskinglonDC. 495 Tz Fear T T i v 0495 ANCIAL. | WE BUY First and second trust real estate notes secured on improved real estate in the District of Columbia. F1 Money !o Lo-n ! estate. | geoured Jk;‘ lnd “m.“-z"r ‘Ill e filh & FN. an fivy) Stocks Bonds 0dd Lots Carried on Margin Buck & Company —BROKERS— Established 1916 312 Evans Building 1420 N. Y. Ave. NW. Tel. Franklin 7300 Direct Private Wires to New York Federal Security & Mortgage Company 1412 K Street Main 1599 Money to Loan Secured by first deed of trust on Real Tstate in the Nation's Capital Current Rates Prompt Reply 713, 715 and 717 14th Street Main 2345 The New York Life Insurance Co. Offers to Maks 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 Apply DALL H. HAGNER & COMP. MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Houses Business Properties Apartments Office Bulldings YOUR MONEY AND OURS Naturally, vou desire safety vour funds. Just as natu- rally, we, as an organization, adhere to the same principle The fact that our tor 6'2% FIRST MORTGAGES Third “—are an absolute safeguar for your investment the result of our requi of safety before we our own money in gage loan. A third of a cen tury's experienced judgment has approved these securities for you. B. F. SAUL CO. Main 2100 925 15th St. of a money. Ceitur .‘rl.m.ncd Wethout a mort- the Loss N.W To the Man Who Speculates WHEN the bottom drops out of the market. . When prices tumble faster than tickers can record. . . . When margin clerks work overtime pressing their calls for “more.” . ‘When you bal- ance the uncertainties of your financial position on one hand with your family responsibilities on the other. ... “Doesn’t the fact strike home that some of your money should be in sound, non- fluctuating investments, where your principal would be kept safely intact and produce a definite, dependable income? Smith Bonds naturally commend themselves for such a purpose. They are free from the ups and downs of the market. They are sound First Mort- gage Bonds, protected by safeguards that have re- sulted in our record of no loss to any investor in 53 years. Send your name and address on the form below for our booklet, “Fifty-three Years of Proven Safety,” and descriptions of our 79, offerings. Read them thoroughly. Then make a snbltantial investment —with safety, assured income and peace of mind. THE F. H.SMm1TH Co. Founded 1873 SMITH BUILDING, Washington, D. C. Main 6464 Boston, Albany, Minneapolis, New York. Philadelphia, Pittsburgh NO LOSS TO ANY INVESTOR IN 53 YEARS