Evening Star Newspaper, April 21, 1926, Page 30

FINANCIAL MEATSINDEMAND IN GENTER MARKET Calves Exceptlon Dropping | Cent—Other Prices Are Unchanged. 1 { | { A brisk demand for beef, lamb and veal set up today in wholesale estab- lishments at Center Market appar- ently forecast a slight rise in prices I it continues, although no increase n price had been felt this afternoon. To offset the demand on beef, how- | aver, calves dropped off a cent af pound in the livestock market, which | may result in a steadying effect on the dressed meat Other prices held firm since vester- day. Wholesale prices today Market _Butter Prices Today. I-pound prints, 46a store packed, selected, 29a31; hen receipts, 28a2 urkeys, hens. Spring broilers, 55 broilers, 115 maller, 40ad5 Winter chickens, anc 146 resh 24; curre alive 140 Rock 4 l'nu\u\ 40: toms, Y\\mllll!l pounds 60 Leghorns, 40:45; ounds and over, 40a45; fowls, roosters, 22; ducks, young, 30; old keats, 0a90; old, 45a50. Dress 40a45; broilers, $0a63; fowls keats, young, 90 a1.00; old, 50a60. Live stock—Calves, choice, dium. 10all: thin, T7a, hogs, and medium 3! ght, choice, tambs, 18 \H‘ ts—Beef, 16 dressed pork 32a34: Western, 30a: shoulders, 2 White 3 youn; Turkey 136 d 12; me- | heavy s 15; amb, s veal. | heavy, 19; pork : hams, 30 | i | loins Fruit and Vegetable Review. Today’s market report on fruits and by the Market Applex—Supplies moderate; demand | moderate, market steady; barrels, | ‘land and Virgini Ya-inch yel- Newtons and Winesaps, mostly 21,-inch Winesaps, 4:50; A 21a- nch Romes, some scalded, 4.00; A 235- inch Ben Davis, 2.00; boxes, Washing ton, medium to large size, extra fancy Winesaps. mostly 2.75; extra fancy y Newtons, 2.75a3.00; tancy Romes, 2.35a2.50 Asparagus—Supplies moderate: mand moderate, market stead Carolina, dozen \uun«h crat green, v large si: a5.00, mostly 4.50, 1 rge size, 3.00a3.50; small size, 2.00a 2.50; California, no sales reported. Cabbage—Supplies liberal: demand oderate, market fairly steady; South tarolina, 11z-bushel hampers,” pointed vpe, 1.23al some_fair condition, 1.00; barrel cr 3.25; Florida, i;-bushel hampers, pointed type, mostly around 1.50; Texas. bulk, per on, flat type, 1y 60.00. Celery—Supplies light; demand mod- erate, arket slightly stronger; Flor- ida, 10-in. crates, 3-4 doz., 3.50a3.75, mostly 3.50. Lettuce—Supplies moderate; demand moderate, mark California, imperial Valley, crates Iceberg type, 45 doz., 3.50a4.00; 6 doz., 2.75a3.00; \rizona, crates Iceberg type, 4-5 doz., 450a4.75; North Carolina, 5-peck ham- pers Big Boston type, 2.00a2.50, most- v around 2.25. Onions—Old stock, supplies very light; no sales reported; new stock, supplies light; demand moderate, mar- ket slightly weaker: Texas, standard crates Yellow Bermudas, commercial mixed No. 1 and No. 2. few sales, mostly 3.50. Potato Market Steady. Potatoes — Supplies moderate; old stock, demand moderate, market steady: Michigan, 150-Ib. sacks Russet Rurals, U. S. No. 1, 8.50a8.75; hew stock, demand moderate, market slightly weaker; Florida, double-head barrels Spaulding Rose, U. S. No. 1, 16.00; Texas, 100-Ib. sacks Bliss Tri umphs, U. S. No. 1, 13z-inch minimum, few sales, 8.00. Spinach—Home-grown, receipts mod- erate and practically supplying the market. Strawberries — Supplies liberal: de- mand moderate, market fairly steady: Florida, pony refrigerators best, most- iv 50 per qt.. some fair condition, 40; Louisiana. 24-pint crates Klondikes, mostly 5.50 per crate. Tomatoes—Supplies moderate; _de mand moderate, market steady; Flor- 1da, sixes, ripes, wrapped, fancy count, 5.50a6.00; choice count, 4 higher; Cuba, 3-pan wrapped, repacked, choice count, 2 Eggplant—Supplies very light; de- mand moderate, market firm; Flor- lda, pepper crates, an few sales, 7.00. Squash—Supplies light; moderate, anarket steady: crates, white, 3.50a4.00 | Peppers—Supplies light: demand noderate, market steady: Florida, pep per ates, fancy, 5.00. Beets— No sales reported Carrots—Supplies light noderate, market steady bushel baskets. 2.60a2.65. i Cucumbers—Supplies light; demand limited, market fairly steady: Illinois, | 2-dozen cartons, hothouse, extra fancy. .5024.00; No. 1, mostly demand Florida, i demand | Texas, demand moder- South Carolina, 5.00. Supplies light ate, market steady bushel hampers, String beans—Supplies _moderate; demand lighi. mavrket dull; Florida, “a-bushel hampers, green, best, 3.00a 3.30; poor to ordinary quality and con- dition, 1.00a2.50, COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY | PITTSBURGH—Bolt _and nut pro- duction here is good. Light rails are in better demand than a month ago and pipe mills continue to run almost t capacity. There has been an in- | -rease in output of steel for bridge |C: ind culvert construction CLEVELAND — Iron production in first quarter of 1924 was 81,071 gross ions, 94,125 tons in 1925 and in first quarter this year was 97,482 tons Steel production in the valley is run- ning about 80sper cent of capacity. DETROIT—It is planned to build only about 700 cars the first month at the new plant of the Ford Motor Co. at Plotzensee, Germany, which has just opened. The plant will follow standard Ford assembly practice. SAN FRANCISCO, April 21.—The knitting _industry of the Pacific Coast will benefit from the opening of a dye works here. California has 30 wool knuitting mills. They have been hampered heretofore by having 1o await filling of colored yarn orders Ly Eastern dye works. PORTLAND—Wool buving in the Pacific Northwest is almost at a standstill. Shearing is progressini n Washington, Oregon and Idaho, but buyers, hoping for lower prices, are making no bids. CHICAGO—Beef trade is showing u slight improvement, reflecting a better demand without material change in prices. Fresh pork cuts are firm, with demand holding up well. BOSTON—The Gillette Razor Co. has acquired a majority | nterest in the Roth Buchner Co., the | M jargest manufacturer of safety razor Jlades in Germany. The entire cap- 1ial stock of a large Austrian manu- facturer also has been purchased. Safety Sales NEW YORK CURB MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, April 21.—The action | | of stocks on the curb exchange to- day gave close observers the im pression that a good-sized short in- terest had been built up during recent selling and that it was no longer as sure of its position as it had several weeks ago. Once the buying became aggressive, heavy covering orders appeared, re- sulting in the most active demand for stocks in many days. The demand came chiefly from professionals. It was not surprising that sugar shares should have benefited in the day’s improvement. Central Aguirre was carried up a point to 80 and Fasardo Sugar at 132 compared with the last previous sale of 12815, Banking interests, who had been successful in their enterprises with | other industries during the last few vears, are known to have transferred | their attention to the sugars. This in- dicated that sugar stocks, during the recent decline, had gone from weak ands into those who could afford to NEW YORK, April 21.—Followi is an official list of bonds and slm traded in on the New York Curb Mar. been i ket today: BONDS. Hugh El 6s.. D03s Pw & Lt 0s. 08 DAm W W 6s AL 943 A0 G & E 6s.. 04 9 As Sim Hard 6135 03 AALSew IS st 7 By od Beth sl 7 2 Am Gas & orv s NKLH Serv P & 1 5 Cons Tex §s . 18 Cosg Meo C 635 2 Cudah; 4 Dot Clty 5Det Ed L2 El Refric 6 2 Fisk Tire 51gw | Gal 'St Pet 72 Gen Pt 47 Gen Bt B 5G 1 Bissai o8 3 Grand Teunkc Bian um" B o €640 nd O1l & Gas 03 Key T C P 5l4s A 5 Laclede Gas 3138 8 Lebig P s 5Lib MeN & L Long Is] Lt 6" 21 Masa Gas A.-p 5 Nor sta P 0%s 4Nor S P M6 4 0o Pow fs 2 Otis’ Steel G ) Pan Am Pet 65 47 Phil 6 Phil Ra G Pure OIf Co 03k 103% 2 Ran Kar B biys 1037 Serv El Del 0s.. 100% Schulte R Est 03 9315 Shawsheen 78....100% fillux-‘ih B8 103 003 08y SONY Llas .. 106 Sun_ Oil 5lys & Co 5s 5135101 % FOREIGN BOND: 0 Antioqua Ts..... H1 7 Buenos Air 7% 1007 Buenos 4 7 97 ‘ologne 6158 87 Est R R France 73 811 Ger Cons Ay’ 7 2 Ger Gen E % 0 Gr Cons Ei 6133 7 Hamburg E 3 Heidelberg 11 King Den 5 3 Krupp Fried 1. Leipzi g S3E0PTE Dol 4 Proy Santa Fe 76 93 2 Rh Main Dan 7s.. 11 Rhein Un 7s 48 Rh Westp 7s. 2 Russ G 6las 11 Sanda Falls 55 A. 4Sax S M1 7g 4 4 Siem & Hal 20 Siem & Hal 78 5 Thys Iron &S 7s 3 Westp Un El 638 86 Salesin STANDARD OLL ISSUES nits. 1700 Anglo Am Oil.. 17% 17% 1100 Ang Am O n vte 17% 171 1300 Cont "Gil nw . 2800 Humble Oil & R 1500 Hum O & R nw _ 20 Hlinoie P L ... 5100 Inter Pet € Ltd 100 Nat_Transit 150 N 200 Ohio_ Oil 3900 Prair O 100 Prairie 10 South Penn 30008 O Indiana 6008 O Kansas 4008 O Kentucky 35008 O N Y 108 0 “Ohin 600 Vacuum 0il INDEPENDENT OIL STOCKS in hundreds. 12 Am Maracaibo C 61, 3 Beacon Oil H 1 Cardinal Pet rib Synd it Serv nw Columbia Synd 2 Crown Cent Pete # Euclid Ol Co 15 Gibson 0il Co 7 Gulf Oil of Pet. . . 55 Y Transit i Lago Off A" Cago O1 13 Leonard OIl.. 4 Livingston Pet. . 1% Mex Panuco. ... 26 Mount Prod. .. 9 New Mex Land. 33 Reiter Foster Oil 10 28% Washington Stock Exchange Washington Gas bs—S$500 at 1003 Potomac Elee. Pow. pid.—20 at 107. at 107, 5 at 107, 5 at 10 Lanston Monotype—10 AFTER CALL Potomac Elee. Pow. pfd.—b at ORI, O Money—Call Toans. 5 and 6 per cent 10 at 107, 2 Bid and- Asked Prices. BONDS. PUBLIC UTILITY. American Tel. & Telea 45, . American Tel, & Telga. 415 Am. Tel. & Tel. ctl. tr. bs Anncostts ‘& Pot. K. K, 0. Ana. & Potamge Guar. Bs. .. C. & P. Tel. 5s.. € & P."Tel. of Va. bs Caital Triction B, R 5. City & Subur . Gosrectown Gas 1ot Gs.. Potomac Elec. 1st 5s. Potomac Elec. cons, Potomac_Elec El Pow MLV, et ash. Balt. & Annap. 5% Washington Gas 58 Washington Gas 0n Wash. Elec. 48 | .. Wik Rey & B tenl o, MISCELLANEOUS Paper Co. Miz. 6 Pot“Joimt SUC Tid BK. 8., Southern Bldg. 6%s.. 3 h. Mit. Cold Storage 3¢, STOCKS. PUBLIC UTILITY. erican 'l & Tekl 1443, Potomae Bl id. . . T 108% Potomac 1056 Wash. Rwy Wash. Rwy 80 101 103 03 National Capital.... Columbia Commerch Dttty & Medhanios Federal-American » Liberty s Lincoln . ittional Riggs a Nt Bank ot Wi TRUST COMPANY rican Security & Trust. 384 ontinental Trust.. ) Merehants! Vinke & Trust. . o Trus Winkion Loan & Trust. . SAVINGS BANK. erce & Savings.. 255 Som W Washington..o- - - - 2 Security Sav. & Com.. .- Seventh Street.. United on Mechianics' Wi aahln FIRE INSURANCE, i uetmnonim A American - Firemen ® ion. TITLE INSURANCE. Title.. . . Real ate Title.. R &'Tav. Co. of : MISCELLANEOUS. Didra Sorage. bl Herchane: fran & Stor. p F 1{.‘.':2‘-{"nm, Y Storie 23 Sohos Z2233588 T ~ | Syndicate, all of which were higher THE EVENING Direct to The Star Office | hold them, despite the declining tend- ency. Activity | pronounced, more In oil shares was in with special buying | Shares of 'companies operating in South America. This was true of | Creole Syndicate, Lago Oil and Trans- | port. Columbia Syndicate and Cari The potential pro- itory has attracted | |the attention of a number of the larger American companies interested in the oll possibilities of lands center- ing arbund the Maracaibo Basin. | Standard Oils were up a half point Jlo a point, Standard of India) got above 62, where it was up fraction- |ally, and there was better demand | for New York Transit and Ohio Oil. Shares of electric refrigeration companies were active and strong, | reflecting a better appreciation of the outlook in this comparatively new in- | dustry. ~ Several issues moved up | sharply, and Elect Refrigeration, 'representing . combination of three of the prominent companies, enjoyed | the best market it has had for some time. most of the time !duction of this te | which | transmission | Atlantic will be started May | 4 Amer, Ard ( P Am Gax & 20 Am Homie, Prod 3, Am L& Trac Am Pow'& 1/ i 3 Am 4 Am 4 Am how 2 Akwo Gae & El 3 Auburn Auto, : £ Babeock " & Wil 116 | 14 Biew Hart Corp ¢ | B Bliss B W | | Brad Fircortz rill Corn Rkl AL M piit 5 b | D'Gin Al 5 4 Cen 4 E 14 Cen Pip Cor 6 Chic ip A 2 Collins & Aikman 13 Gommon B C i Consume | B & 1 B & 1 Invest Inc 19 El Refrig 4 Est Welte 2 Fajardo, % Fi Sh pf Sh n Co Co A Fhedtors 3 Y Freshman. hae, Gen Bak A Bak B Fireprix 51 i iecte SR 2 Alden Coal i & P T C pt R & CR Hazeltine Corp Horn & Hardart & Ind Rayon Cor A 10 Keystone Soleth i I atl Elec Pow A | at P & L f s Y Tel Co pfd orth 0 Pow ¢ Sta P C pfd | orth Pow n Peoples Drug St 1 Phelps Dodge C 4 Proc & Gamble. . Bl | BRuE S P& L s 3 Purity_Bak B 5 Rand Kar 1 Rem Nois 4 Reo Mot 5 Rickenbacker Mo, % R Ak Pow Bak Po ni i Stutz Motor. . 21 Swift Intl i 13 Trans Lux Pic A < 2 Trumbull Steel 4 Tung Sol Lamp A ni G Imp J Uni Lt & Pw A'n n C Pkg pi Talk Mach White Sew M pi. Wilson & € new Wils & C A n . s, & C n pt Taxi C N Y MINING STC 180 Ariz Globe C. 0 Chino " Ext_Mines ons Cop Mines. OUTLOOK IS BETTER. Chemical and O] Trade Forecast Is Largely Optimistic. f NEW YORK, April 21 UP)—Betier | business than last vear is expected i the second quarter of 1926 by the chemical and oil groups of industry A survey by the Oil, Paint and Drug Reporter showed that 38 per cent of the trade dealers considered the out-| look better than a vear ago: 36 per| cent thought conditions as good { |last vear: 26 per cent that the pros- pect was not quite as good. The weighted index of conditions showed 1 | gain of 1.6 points from last year. | VIRGINIA BOND ISSUE. Public Service Company Floats 6 Per Cent Sinking Fund Gold Bonds. | Special Dispateh to The Star RICHMOND, Va.. April 21.—The new offering of $5,000,000 'Virginia | Public Service Co. 20-year 6 per cent sinking fund gold debentures due February 1, 1946, is priced at 961 and interest, to yield about 6.30 per cent. They are exchangeable in limited amounts into National Public Service | Corporation_class “A” common stock, which, in addition to certain pafticipa- ting features, is entitled to priority as to dividends over class “B" common stock, to the extent of $1.60 per share per annum. Virginia Public Service Co.. and its subsidiary Newport News and Hamp- ton Railway, Gas and Electric Co., serve with electric light and power, 130 communities of a total popula tion of more than 220,000. This terri tory includes Newport News, Hamp- ton and environs, Alexandria, War- renton, Charlottesville, Staunton, Clif- ton Forge, Emporia, South Boston and immediate communiti ginia. Gas and in eight communities, and street rail- ways are operated in Newport News and Charlottesville, with an aggre- gate trackage of equivalent miles of single track. Consolidated gross earnings report ed for the calendar year 1925 amount ed to $4,557,786, and net earnings to $1,663,318. After deducting bond in- terest, $732,500, earnings available for interest on the present issue of $5,000,000 debentures were over 3.1 times the annual interest requirement. e "l‘uo powerful companies interested in lit | gent paths, but there is every indica- 1in one picturegram. |at a ratio wh | reserve stoc fwave lengthe | tional. { the old |try Jast vear, and business men will | linms, vice president of the New York STAR., WASHINGTON, D. C, WEDNESDAY, APRIL 21, 1926.° QUTLOOKISBETTER IN RADID INDUSTRY Sales of Sets Going on at an Unprecedented Rate, Sur- vey Discloses. BY J. €. ROYLE. Special Dispatch to The Star. NEW YORK, April 21. One of every five families in the United States now owns a radio receiving set. The ‘“saturation point,” however, is far from being reached. The volume of sales by manufacturers in recent weeks has been higher than during ny similar period in the history of thix infant industry. 'he sets now in use represent an investment by owners of more than $500,000,000. Yet new radio devejop. ments are unmistakably approaching will exercise a tremendous in | fluence on business life. Announcement today that radio of pictures across the 1 on al commercial basis and probably will be followed shortly by establishment of a | transoceanic radio telephone service. | the radio field are known to be work. | | ing toward that end. Their engineer: is understood are following diver- tion that they will be successful. Sending of News. While the transmission of picture and important legal and business documents will form a part: of the business handled by the picturegram radio transmission, it is expected that it will prove of even greater value in the prompt sending of news. As the writer pointed out when he fore- cast the establishment of such a serv- ice in July, 1923, it will be possible to transmit with utmost speed six or seven thousand words of press matter Burdensome stocks of radio receiv- | sets which accumulated late in have now been greatly reduced | and manufacturers expect the indus- try will be in a stronger position at the beginning of the third quarter | than at any time sice 1924. Produc- tion and distribution are prnl;resuuu.:‘ hjch will permit dealers | season with small Sales of batteries tubes and accessorles so far this vear have exceeded those for any similar | od. ’ In the radio field i E. M| president of the Westinghouse c and Manufacturing Co., “the | st noticeable trends are toward im. | provement in the quality of broad-| casting and demand for receiving | 4I]t)l.ll‘l[|l‘( of a better tone quality. ,\pplrutui regarded as entirely satis- | | factory a short time ago now is con-| idered very inferior. This will bring | about increased demand for radio apparatus.” here is small doubt that the in ustry for a time suffered from exces. sive production, and competitjon still nely keen. This has forced s 1o a point Where not all makers dealers have found their balances on the right side of the ledger. But | foreign demand is expanding, produc- jtion is being lessened to correspond | With _actual trade requirements and the final half of the year is counted on to return better profits than the first two quarters. Exports have arisen to a volume in excess of $10,000,000 &« vear and prices in general are reach- to enter the | 1 [ N f ng a more stable basis. Domestic Interest Growing. The domestic interest in radio growing, not waning. This is shown {by the interse interest in the recent fcourt decision regarding the right of th Secretary of Commerce to a ign and time of operation | |to broadcasting stations. Secretary | Hooyer declared that chaos would re sult " unless regulations of some sort were enforced. ttlement of the problem is | the fact that the ques. | ational as well as na-| Tt is recognized, however, that international regulations of 1912 are now entirely obsolete, and it is not believed an international con | vention will be much longer delayed. | About $15,000,000 was spent on | | broadeasting ‘programs in this coun | tion is loose con- | not willingly see investments of this magnitude endangered by | trol. “Six ye ago,” said Arthur Wil- Edison Co., “radio for most people y Toaay | it is one of the public’s principal forms {of entertainment and education. As ! wonderful as this new industry is to day, it is only in ns infancy. STEEL TRADE ACTIVE. Capacity Operations Maintained by Mills in Baltimore Area. Special Dispatch to The Star. BALTIMORE, April 21.—Capucity operations are maintained by steel mills in the Baltimore district, and the indications are that this schedule will continue for some time. The important factor in the situa- | tion is the high rate of consumption | {that has been maintained since the first of the year, which warranted full operations. ~ Shipments to railroads and construction sources are still of heavy proportions, leaders in the in- dustry say. Can manufacturers are operating their plants in full and | are specifying 100 per cent against contracts for tin. The Bethlehem Steel Corporation is delivering tin on contract as fast as its mills at Sparrows Point can turn out the produc REAL ESTATE LOANS | ANY AMOUNT o 547 APARTMENT HOUSES BUSINESS PROPERTY RESIDENCE LOANS AT LOW RAT) FRED T. NESBIT INVESTMENT BLDG. Main 9392 We are_offering some very desirable First and Second frust Notes In amounts of $250 to $10,000. Write or Phone 0’Donnell’s Mortgage Co. 1010 Vermont Avenue. Main 8673 Nickel Plate Earnings Gain. CLEVELAND, April 21 w).-ln- creases in the net income for March and for the first quarter of this year were shown by the Nickel Plate Rail- road in an earning statement yester: day. Net income for March was §1,132,. 889, an increase of $562,607. Net in- come for the first quarter was $2,631,- 659, an increase over the same period last year of $1,050,636. BRIGGS MFG. REPORT. NEW YORK, April 21 (®).—Net profit of Briggs Manufacturing Co., for the first quarter of 1926, was | $2,947,342 after charges and Federal 6‘/2% First Mortgage Notes Secured on D. C. Improved Real Estate In every instance these loans dre based on our usual con- servative valuations and we have invested our money in them. | taxes, equal to $1.47 a share on 2,003, 125 no par- value shares, against $2,388,816 in the first quarter of 1925, or $1.19 a share on 1,999,688 shares. Moore & Hill, Inc. | sovern investment |is not likely | ing revenues | Atchison stoc | ters of public Strawberry Crops Assure Shortcake | Supply This Year COTTON ADVANCES | | i By the Associated Press CHICAGO, April 21. shortage ON WEATHER NEWS this season. Louisiana has the situa-| Gains 18 to 20 Points in tion well in hand. | Strawberry production in four y Day‘s Trading—LiverDOOI Cables Are Firm. shipping States is forecast at 30, 000 000 quarts, er two-thirds more than last year, said a report today from the Government Bureau of Agricul tural Bconomics. About 11,000,000 | of thisMncrease is in Louisiana, where a total of 21,000,000 is expected. Texas, Alabama and Mississippi | make up the remainder of the| 30,000,000 quota. Louisiana reports | say strawberries are wholesaling there | at $4.20 per 24.pint crate, against $5 a year ago. EVERYMAN’S INVESTMEN | Bs the Associated Press EW YORK, April 21.—Cotton fu- tures opened firm. May, 18.65; July, | 18.10; October, 17.25; December, 16.90; | anuary, 16.79. | ‘The market was firm today at an ad-| vance of 12 to 15 points in responsé to | reports of heavy rains in the South- |west and relatively firm Liverpool cabl May sold up to 18:72 and October to 17.33 before the end of the first hour, t advances of about 18 to 20 points ! on covering by recent sellers and fresh trade or commission-house buy- mg. particularly in the new crop months. May was for sale at about 54 points over July, but on the whole. offerings were,comparatively light and prices held generally firm in carly trading, The weekly report of the weather hureaun said planting had not been ac- tive the past week because of unfavor- | |able temperatures, and that warm | | weather was badly needed over vir- tually the entire belt New Orleans Quotation. NEW ORLEA April 21 Cotton futures opened steady 117.97; July, 17.51; October, cember, 16.61; January (1 The market was firm, Liverpool be- ng hetter than due, the weather in he Southwest bad, according to the nap. and the weekly report bullish st trades showed gains of 14 to 17 Joints and some new crop months ad vanced after the eall. the early trading May sold at 17.98 July at 17.52 and October at 16.63, or | 16 to 20 points above vesterday's close. | At the end of the first half hour the | market was active and steady, with prices near the highs CAR LOADINGS GAIN. Show Advance of 1,414 Over Last Week—Top Last Year Also. Press BY GEORGE T. HU | A Railroad Stock. Now fet us take a railroad common stock to illustrate the prineiples which | in common stocks Probably most authorities would give the Atchison first place in any list of railway investment stocks It is one of the largest American rail way systems. Its traffic is fairly well diversified and the freight it carries originates in so many different tions that the prosperity of the road to b udversel affected depression. The m the ratio between ope nd operating expenses shows, is highly eflicient. The road has operated profitably for many vears. Like the U. S. Steel Corpora tlon, which was analyzed in the pre ceding article, the Atchison has becn tested in times of depression as well as in those of prosperity. This is or of the most important “oints to be considered in any study of the in vestment status of common stock Next, the capitalization of the Atchi son i very conservative. The funded debt {s less than the amount of the capital stock. This means that the are more partners in the husine there are creditors Moreove large amount of stock in proportion to other capital liz is an advantage in that it takes a large percentage decline in net income to make much of a difference in the amount earned per share of stock. Investc re often - ks wpa A Placing freight car loadings for the without taking into consideration the |American Railway = Association an. HUBILEE Of Ahares outstanding: nounced that this was an advance of nother feature which applies to the | 1114 over the preceding weei L wes of all railroads equally with |An increase of 11,106 compared with the Atchison is that regular monthly |the corresponding week {'l .\fl-n-x e arnings statements are required un-| Merchandise and, less than carloac der the law and are published in all the assoclation said. totaled the newspapers. [very holder of cars fog the week, an increase can learn at any time 2,242 over the week before: coal, time whether net income of his road |163.897, an advance of 6.988: miscel is Increasing or decreasing. The finan. | laneous freight, 339,889, a decrease of cial affairs of the railroads are mat-|10.900; grain and grain products, 3 knowledge. Nothing is | 892, a decrease of 1,781, and live stock, Finally, Atchison | 24,901, an increase of 3,510 cars. generally. ). ! May by any loc gement, | 1 |t | n F | I8 | 264,948 of done under cover. preferred stock and Atchison bonds |are the highest-grade investments of their kind and are everywhere recog nized as such Do not forget that notwithstanding all these highly favorable ¢ aracteris. tics the common stock the Atchi son varies in 1 t price along with other stocks. very security which an be bought und sold at any time changes in price. The only perfectly | stable investment is one which has no market JAPANESE TEA RAISED. NEW YORK. April 21 (P).—Mftsui and €c.*Ltd. have received a cable message from the Japan Central Tea Association, stating that the standard zrade of tea manufactured in Japan has been raised 30 per cent over that of last season to elevate the quality for export to the .United Stat = WORK FOR THOUSANDS. Special Dispatch to The Star, MINNEAPOLIS, April way maintenance, farm work, reopen ing of Great Lake's navigation, minina, paving and other seasonal work soon will afford employment for thousands in this section. A Fool and His Money. The printed in fanc, no proof that it is worth any than ordinary wall paper. Thousands of people in Washington would have saved their money if they simply had asked their banker to tell them what 'he knew of some supposedly wonder- ful investment. REPORT OF CONDITION Of_the DISTRICT NATIONAL BANK Washington. in the District of April green scrollwork is ~Rail Zharter No. 9545, Reserve District No. 5 At Columbia, at 1926, the close of business on IESOURCES including rediscounts, banks and foreign bills sold with indorsement, a Loans and discounts, ceptances of othei of exchange or draf of this bank 345.74 otal loans Overdrafts, secured, $562.7 unsecured, §1 . a Customers’ liability account of “Acceptances” executed by this bank and by other banks for account of this bank and now outstanding U. S. Government securities owne a Deposited to secure circulation (1° value) . i 5 b All other United States Government (including premiums, if any) L8774 1770, 4.4 3. % 146,517.41 4 S, bonds par = 000.00 securities 223,614.02 Total Other bonds, stocks, securiiie Banking house, $944,624.62; furniture Real estate owned other than hanking Lawful reserve with Federal Reserve . Items with Federal Reserve Bank in process of collection Aash in vault and amount due from national banks . Amount due from State banks, bankers and trust in the United States (other than included in and 100 A Exchanges for clearing house . Checks on other banks in the ing_bank (other than item 1 : Bl "Total of items, 9, 10, 11, 12 and 13.. A%l a Checks and drafts on banks (including Federal serve Bank) located outside of city or town of reporting bank ... 5 b Miscellaneous cash items « T16,614.02 and fixtures, $76.376.06 house Bunk. companies items 8§, 9 2 320,00 same city or town as report- 29! 4.31 30.475.11 15 asurer and due from 186. Redemption fund with U Treasurer % Other U. 5 150.00 assets, i Capital stock paid in Surplus fund ...... a Undivided profits © Less current expenses paid T08.82 464,597.. 220,13: 266,051 . Circulating notes outstanding . Amount due to Federal Reserve . Amount due to national banks ...... 2 ‘Amount due to State banks, bankers and trust companies in the United States and foreign countries (other than in cluded in items 22 S Bank (deferred « 2 or Certified checks outstanding Cashier’s checks outstanding ... Total of items 22, 23, 24, Demand deposits (other than ban! (deposits payable within 30 da Individual deposits subject to check Dividends unpaid R Other demand deposits . Total of demand deposits (other than bank de- posits) subject to reserve, items 27, 31 and 32 . feeen....$4,897,275 Time deposits subject {o reserve (payable after 30 days subject to 30 days or more notice and postal savings) . Certificates of deposit (other than for money borrowed). Other time deposits ... TR 5 Postal savings deposits TR Total of fime deposits subject to reser items 33, 35 and 36 ...... $2.376,400.82 United States deposits (other than postal savings), including ‘War Loan deposit account and deposits of United States disbursing officers .. U. §. Government securities borrowed ... 2 Bills payable (including all obligations representing money borrowed other than rediscounts) .. s Notes and bills rediscounted, including acceptances of other banks and foreign bills of exchange or drafts sold with indorsement of this bank .... Acceptances executed by other banks for account of this bank Liabilities other than those above stated.......... 493,941.18 6,848.27 R S 7 $1,018,534.48 leposits) subject to Reserve 4.8 588,448.86 1,753,125.90 34,826.06 342,379.96 111,250.00 302,500.00 351,162.85 146,517.41 11,197.94 Total ... 11,946,524.96 ‘Washington, District of Colum} 1, H. L. OFFUTT, Jr., cashier '6f the’ abovamairiad bank, do solemnly swear that the above statement is true to the best of my knowledge and bellef. H. L. OFFUTT, Jr., Cashier. Subscribed and sworn to before me this 20th day of April, 1926, | (Seal.) BENJAMIN ROBINSON, Notary Public: Correct—Attest: ROBERT N. HARPER, C. C. ROGERS, H. L. OFFUTT, Jr., JOSHUA EVANS, Jr.. WHARTON E. LESTER, 730 l'llh Street N.W. C. J. GOCKELER. SIDNEY 1. BESSELIEVRIE, RICHARD H. WILMER, Directors. the _purpo ! torwto serve for ‘the ensning e At the highest | act that a stock certificate is | more | .$1,000,000.00 | 800,000.00 FINANCIAL. Prompt Action First Mortgage Loans| Lowest Rates of Inlbrv"( and Commission | Thomas J. Fisher & Company, Inc. 738 lflnl treet We Will Loan at 5%2% Economic Conditions Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, N. 1018 Vermont Ave. SECOND TRUST LOANS I have money to purchase such loans on Residence Property occu- pled by the owner with reasonable margin. WM. H. KYLE 1410 G St. N.W. Main 6627 OFFICES OF THE Lanston Monotype Machine Co. Philadelphia, April 10. 1926 The annual meeting of ‘the. stockRolders of the LANSTON MONOTYPE MAC PANT ‘will be held at the George Mason Hotel. Corner Washinzton and Prince streets Alexandria, Va. at 12 o'clock noon. on Thursday. the §th day of May, 1926. for of clecting a Board of Direc and trans- ting much other bush come before the meeting. Tranafer hools will be closed on A at 4 o'elock b Mav 11 at 10 o' clock By order of the B JOHN'A. FE! am I of Directors GUSON, Secretars REPORT OF CONDITION Of the C€HEVY CHASE SAVINGS BANK. At Washington in the District of at the close of business on Avril | RESOURCES. and " discounts discounts. ace of “other hanks. r i bills of rxchange Tt sl with the 1 dorsement of this bank..$321.011.80 . Overdrafts. secured. $20.03 unsecured. $38.41.%" 6445 . U. S Government securiiics owned DAL other Tnited States Government securities (in cluding premiums, if any | Other bonds. stocks. securi- ties, et .| . Eurmture and’ ki Rt i than " hanking hou: . Cash I vanit due ' Trom s Miscellancous . Other assets Total 1. aLoans cluding 15.806.25 105.200.78 N dT6 other d amount nal banks b items 20.760.02 LIABILITIES Capital stock ‘paid in Surplus fund a Undivided brofits$1] 638 .97 b Reserved for 2118500 S14.123.0 4192.04 ©Less_current ex- penses paid. —— somm Certified checks outstanding Caghier's checks outstanding Total of items_25 and 26 o S2.800.04 Demand deposits (other than bank deposite) xubect 1o reserve (deposits payabl within 30 days Individual ~ deposits 10 _check . i Cortificates of déposit diie less than 30 davs (oth than for money borrowed | Diyidends unpaid Total of d fother th: posits) kubject serve. sub; 276,80 3.150.00 11.00 d " denosits bank de & | Time deposits subject o T | serve (payable after 30 vo, or subject to 30 days’ or more notice. and postal savings) Certificates of deposit (other than for money borrowed) Other time deposits o 33, | 3s. i 48 £.200.00 denosits es other than those above stated _ Total . District of Columbia. City o { L°J. EZRA TROTH. cashier of the above-named bank, do solemnly swear that i the above statement is true to the best of @y knowledge and. bhelie! H J. EZRA TROTH. Cashier. to before me this H, DORSEY Notary Public, of Subseribed and swos 19th day of April. I (Seal.) Correct—Attest L PA EST FARRINGTON Directors REPORT 0 OF, THE CONDITION | CONTINENTAL ! TRUST COMPANY, At Washington. in the District of Calum bia,_at the close of business on Apnl 1% | 1946 RESOURCES Loans and discounts. cluding _rediscounts. ceptances of other banks and” forewn bills of « ige o s, ol th indorsement of this fts 1a nsecar liahility “Aceeptaniees by this bani other banks fo of " this '} it of cuted I8G.050.51 ties owned b. All other U Governmen t securities \ihcluding premiums. 1 bonds. curities, . Furniture fix Real _es whe than barking hou, 10. Cash in vault and am due from national b 11. Amount due from banks. bankers and tr companies in the United States (other than in cluded in_item 10} Total of 10 75.100.00 194 4. 29.667.05 247880 “stocks. se and ires other HB3R.000.45 19.054.75 16. Other Al 16.649.11 LIABILITIES Gavital sock “paid Surplus “fund a Undivided profits - ©Less cuirent expenses paid +$1.000.000.00 100.000.00 4.938.98 3.197.44 Reserved for taxes. est, ete.. accrued Amount due to national banks . ¢ 3 24. Amount due to Staie banke. bankers and_trust companies in the United States and foreign coun tries (other than includ- ed in item ? Ceriified check ing . 26. Cashier's checks outstand otal of items 28, 2 and 26 .. $188.073 Demand déposita (other than bank _deposits) ~sul» 1o reserve (deposits payable within 30 days) - Individual, deposits subject 0 check ... 28. Certificates of den in less than rother than for money Borrowed ) . 31. Dividends unpaid .’ 32 Qther demand_deposite Total of demand deposits (other ‘than bank de posits) _subject 1o re. serve iteme. 8 51 ‘and 32 $1.275.90373; Time _deposits inter 222301 .64 15.400.84 46,00 5491 30 days or more notic and postal vings) : 33. Certificates of deposit (other than for money borrowed) . . . 35. Other time deposits . 36. Postal savings depo Total of time Ject to ‘Toserv 55 ana 50 81,306,308 10 15, Acceptances | executeti by Gther banks for account 40, Lisyilition other this thior . Liavilities other Thove stated Total $4.279.754.0% District of Cofumbia. *s.: 1, T. F. SCHNEIDER, Jr.. treasurer of the’ above-named bank. do solemnly swear {hi the above statement’is true to. the best of my knu:le(& . And, belie 920, " GERTRUDE ELLIS. Notary Publ t: WADE H. COOPER. CHARLES A, GOLDSMITH. NORMAN FISCHER. CHARLES W. WARDEN. Directors. Correct—Attest v e 9000000000 0000000000000000000 ~ A First Mortgage Bond To Yield 6.65% This is the Twenty-five- year 61,9 obligation of Consolidated Cement Cor- poration, priced at 987 and Interest. L | 1 We will send, upon request, descriptive circular A-632 illustrated booklet and other data which we be- lieve will be of interest. E. H. Rollins & Sons Founded 1876 416 Woodward Bldg., Washington Boston Chicago Ve Phitadelphia Sun Franciseo We will gladly receive and give prompt attention to ap- plications tor Loans on Washington Real Estate Current rates Should you havg Money to Invest —we can take care you. Our experience, exte ing over a period of Thirty-Five Years —-insures your Percy H. Russell Co 926 15th St. N.W.. of interes also Money to Loan on —desirable improved real estate located in the Nation’s Capital. SHANNON. & LUCHS)| 713, 715 & 717 14th St. Main 2345 For Sale First Mortgage Notes On Improved Real Estate in Washington, D. C. Annual Return 6% Mortgage Investment Co. 932 Investment Bldg., 15th & K Sts. N\W. M. 334 A Gardiner, President. Pl T e Investing ¢ With Security at erty entailed i< worthat least double the amount of the trust—so these notes are as “good as gold”—and will vield 7% for a term of yea It’s an investment that isn't speculative. Ask our Mr Kelley for details. In amounts from $100 and the purchase can be budgeted to ¥ convenience. CKEEVER &G 1415 K Street Main 4752 ecesecorsrcoce Becaus> we offer you this invest ment you may be certain the prop- 1008000000000 00000 0000000000000 0000 BONDS Safe Bonds Safe Cities ODERN, income-produc- ing property, in such im- portant citics as Washington, Philadelphia and Pittsburgh— cities where economic conditions are sound—is the security be- hind Smith Bonds. Denominations of $1,000, $500 and $100, maturities from 2 to 10 years, a convenient Invest ment Savings Plan, and 77, in terest, make these safe First Mortgage Bonds good bonds for anyone to buy. Fill out and mail the form below E : Tue F H. SMITH CO. | Founded 1873 SMITH BUILDING 815 15th St. N.W. M. 6464 Boston — Albany — New York Plladeiphia — Fitibersh 111