Evening Star Newspaper, April 27, 1926, Page 23

v “% FINANCIAL. PRICES ARE STEADY IN CENTER MARKET Steadily Increasing Demand Is Shown for Spring Chickens Here. Received by Private Wire BY WILLIAM F. HEFFERNAN, NEW YORK, April Falling off {in the trade volume and narrowness of X‘Ill' general price movement on the Curb Market today gave close observ- | ers the impression that the public was not disposed to follow up what recov- ery had taken place during the past 10 days. Those who were uble to retain their holdings through the depression which followed the bull campaign of Januai are committed to the - long side at {prices considerably above steadily increasing de-| V4lling. Tn view of the many false pring chickens, but the in.| SIarts recently, they are not dispc sed ent enough | 10 follow through the sligh ng Drices. De. | lurries until assured of permancnt - D¢l change for the bette {ness conditions. 1 ses committed in the cam- paign for higher prices during October and November were costly and proved that the markct had gone too far in | discounting business conditions, pres- lent rospec ative and tomatoes are the vegetables l"i:.‘(:)m:.l.‘g had 'I‘:m:pfi?tml by th lll.l Eoh great de;umm. There has been=un|ang this appeared to be the basis for increase In receipts of the three vege-i il EEen in skinEnew 10 reports, prices are lower. g Reports from butter centers tell of | plentiful supplies of the dairy prod-| et on hand. Buyers are not loading up, however, for the reuson, it is ed, that lower prices in the n future are anticipated. Very little changes in prices of food 1ffs are reported, prices today being substantially the same (hose re- vorted yesterday. Market P Butter There mand for crease in receipts is not to cause much decrease . mand for such chick creases as the season advances. demand being greatest ducing week- ends and holidays. Warmer weather has increased de- pands for early vegetables and fruits. Bermuda onions, cucumbers N YORK s an officlal Jist traded in on the ket today: April -—47ollowin of honds and stock ew Yori Curb M BONDS H ces Today. T-pound pri store packe elected, 8! rent rece oultry, alive 40: toms, 35a40: Spring 3 69 Plymouth Rock, broilers, 1%z to 2 pounds, 55a6 smaller, 40a4d: White Leghorn: Winter chic poune 10a 3 Beth S1l § Boston & Mo ¢ 69 Caro P & L5 12 40a i i 1 and over, 'v keats. young. $0a1.00: old, 12: me- heavy 151 choice, ho; choice, Calves, thin, 131 Live stock dium, 10all; and medium, lambs. 18. Meats—Beef. 16 ; dressed pork 34a35: West w32 shoulders, 22 Fruit and Vegetable Review. Today's report on fruits and vege tables (compiled by the Market News Seivice, Bureau of Agricultural Beo- ( nomics) says: \pples—Supplies moderate; moderate, market steady: Maryland and Virgina. Wir 1. inches, 5. b0, few hi i, inches, 4.30a4.75, few low as 4.00; \ 215.nch Yellow Newtown: 6.00. few 6.50; boxes. Washing dium to saps, Ttomes, Asparagus- t: demand )derate, market steady: South Caro. a, 13 el hampers. pointed barrel crates, best. 25a28: veal, 19: pork hams demand | barrels, type, mostly low as 2 Cabbage—Supplies light, market weak; S pointed type, 11;-bushel ham; a1.25; barrel crates, 2.00a2.50: quality and condition low 1.00; orida, 115-bushel hampers, pointed type, 1.25a1.50. TLettuce—Supplies moderate: demand | moderate, market steady: Arizona, crates, lceberg type, 45 dozen, 4.50a | 4.75, mostly 4.50: California, Imperial Valley, crates, Iceberg type. fair qual- fty and condition, 3.50a4.00; North Carolina, 5-peck hampers, Big Bos-| ton type, 2.00a2.50. Onions—Supplies light; demand light, market dull; Texas, standard crates, | vellow Bermudas, commercial pack. mixed No. 1 and No. 2, 2.60a2.75. i Potato Market Steady. Potatoes—Old_ stock; supplies mod- | orate; demand moderate, market | steady: Michigan 150.pound sack: Russet Rurals, United States No. 1 8.00a8.23; few $.30. New stock, sup-, plies liberal; demand moderate, market | fairly steady: Florida. double head bar- | rels Spauldiner Rose, United States No. 1, 11.00a11.50: mostly 11.00 | Spinach—Homegrown supplying the | market. Strawberries—supplies light; mand moderate, market stronger; Florida, pony ostly around. .50 per quart: Carolina, 32-quart crates M wrys wide range quality and dition, 5a.40 per quart. Tomato ipplies moderate: de- mand moderate. market firm for good stock: Flor ripes and turning, wrapped. ount 7.00; choice , accord- ing to quality and condition. « ipplies light warket st mostly 2 L lizh demand | 4 Tidal _Osax GU S Rub S U S Rub 6 ST S Rub 6 I Valvorine, I Andian Nat Cor 6s 140 C 6s ww 118 Antiogua 7s A 1t 4 Antioqua, 8 Buenos A Ber C EI 6 Ber C El 6 Cologne 6 1R Itahan P 28 King _Den Krupp Eried L 2 Thyssen T Westph U E 6125 ton Stock Exchange £1.000 at 1061 100 at 1021« iWa hing ssion- | con- ¢ de- ashington & National B demand Commercial Nation Texas, Tnion Trust Co Washington Gas L Tnion Trust Co.—14 UNLISTED DEPT Departmental Bank—40 at Mones—all loans. 5 and 6 per cent Bid and Asked Prices. BONDS. PUBLIC UTILITY marke <hel baskets, bunci Peas—Supplies lix moderate, market ste hushel hampers. Teley Cucumbers—Suppli demand light, market s hothouse stock double extras, 3. poorer mixe: 00, Cov erday’s report—Double ¢ have been 350 ins 1 of EVERYMAN’S INVESTMENT tion Tel s should T & Pot. K_K. - Suturban own Gas 1 = 1001, 103 BY GEORGE T. HUGHES. At the other extre; vow those i vestors who Insist on taking the risks | which go w MISCELLANEOUS ). . Paper. Co. M{g. 8 it somm Stocie 10 BK | Southern Bldg. 61 Washi. Mkt. Cold § STOCK PUBLIC UTILITY h common siocks are the capitalists, large and who e strict their holdings ds which | e legal investments. the tern legal investments is which the or trustee: legal restric sure safety and sibie element of end the law prescr the cor which securities must compl fore they can be admitted as vestments. It would seem at first though an invesior wha voluntarily bound | $om himself by similar restrictions would /o need no other guide, and to many peo- | ple the statement that a certain bond | { is a legal i is sufficien recommendation. Now, it cannot be| disputed that legal investments us | do offer a very high degree o ¢, but even they canuot be boug blindly In the first place, there is no uni formity about the laws of the differen States in the matter of legality. security may be a Jegal investment in one, State and not in another. In the | c. second place, the provisions laid down in the law are of necessity general and not specific. It sometimes hap- pens that a bond. for instance, will meet these requirements, but at the same time not be a high-grade invest- ment. This does not occur very often, hut often enough to make Implicit re- liance on the fac & When real estate mortgages are un- der consideration a decision as to le- gzality frequently requires an opinion a layman is not in a position to give. Finally, there is never any as- surance that what is a legal invest- ment will remain so indefinitely. It follows that a trustee needs expert advice in selecting securities from a legal list almost as much as one who takes legal bonds simply because he aums to avold all possible risk. to bor By an ‘Bants of Washington.."." | TRUST COMPA a 1 Whih. Loan & Trist Columbia_Title. Real Estate Titic, Title & Ins. Co. MISCELL: D. C. Paper pfd... ... Fedcral Storage pfd. Merchants, Transfer & Merchants' Tr. & Stor. Mergenthaler Linotype National Mtgze, & Tnvest Peoples Drus § Lanston ~ Monotype. Security Sto Washington *Ex ividend tor . »ld those pre- | in outside busi- | - fand futures. THE NEW YORK CURB MARKET" Direct to The Star Office : | | What improvement took place in the | 0il group was too slight to be of sig- | nificance. Conditions in the oil in- dustry are more promising than they have been for many months, but so far they have failed to be reflected in ‘:t material way in the market for oil stocks. Humble Oil, one of the largest rners of the so-called Standard sub s, came down slightly from s final quotations, but most | others were unchanged. South Ame can is€ues, which have made zood part of the trading in the oil tion, continued active, with price changes small and variable, Lago is held firm, while slight recessions were recordad in Creole Syndicate and leum. Talking Machine, ger Ale and t the effect of vealizing sales, | ez | sidiar] | vester da | Raz | but the selling f |itself to other parts of the industrial list. New General Electric stock. ad- | mitted to trading for the first time | Monday. dropped below 81 in s { pathy ‘with lower prices for the old shures on the Stoek ANDARD OIL 1SSU Sales in mits. Cumiserla 5 Gal S 0 T 0 Humb O&R n v 10 Solar Refin _i0 South Pen Pemn O 1 PL 1 new Wi’ W wid v pid B Synd’ Synd i Ol Co.. .. O Corp, i Mav 14 Mex 4 Pennok Ol Corp i Red Bank O “ Reiter-Foster Oil 20 Roy Con O & R 1 8alt Ck Cons t Tide Water OIl.. 2 11 Tude Wator Ol pf 135 Venezuelan Pet.. 1 Warner Quinlai.. 1460 Woodiey Pet INDUSTRIA Cigar 11 Cranamid ‘B & E 1 Am Am Am ¢ '3 Am Pow & Lt pi Am Roll Mills. . 2 Am Superp A, 6Am S orlen Co Brad Firepriz . | Bridgeport Mach Brill Cor A Bklvn_City. K R Buf Niag EL P.. Burdine Ine Can D Gin Ale'n 7 £ht ¢ [ Cohn “Hall Marx 1ol & Ak 7 2ol & Ak pfd 1 Common P n pf Consol G Bult n 9 1 Doch Die € C j Dubilier € & Duniull Intl Durant,_ Mot Duz Co A Bond & Sh B & S nw Invest Ine R Secure R T Vi Pt 10 o 4 0 For ors A Chirs Tand, Steamsh rod Corp A Gen Gen 811 Gen PubSer’ pid 1 Tette S R § dyar T & R. ! Happ C Stores A 2 Hav E&U nfd. 10 Ind Ra. EVENING Gillette Safety | led to communicate | ! | Telephone “ | service STAR, WASHINGTON COASTWISE TRADE. FOUND PROFITABLE 'I. M. M. Sale of White Star Will Give It Entry Into That Field. BY J. C. ROYI 1 Dispateh to The Sta NEW YORK, April mendous dev@opment of coastal and | intercoastal trade in late years is| jinked in the minds of many s experts with the report that the Int: national Mercantile Marine has - tically completed the sale of the White Stav Line to British interes ’ White Star vessels {the British flag. That bars them from entry into American coastal and intercoastal trade, which has been ex tremely profitable in the lust few The sale price of the White understood to be approximately 160,000. That sum expended divect] o indirectly for ve under Ameri- | can register would give the Interna tional Mercantile Marine entry into Lihis profitable trade. Seven of the! #hips remaining to the company are now under the American fl 1t is doubtful if the i ships of the White Star could be reproduced new for $36.460,000, especially in yards. But ships deterio- The ave - of a e 15 about 20 Then it gravitates into the| nd less crowded traflic lines. attention has been that the United Sped he are under sel | cheaper Considerable given the possibility States line: mizht be taken over by {the International Mercantile Marine. Lut whether this is done or not it seems assured that the big company will retain fine vessels on tho North Atlantic run The North the shippin Atlantic trade business in a the same position that the ext trains stand to the railroads. Ve iat run are a splendid adve ment in addition to any profits they bring in, just as the Twentieth Cen tury Lithited, the Penusylvania Lim lited, the Sunset Limited and other trains an advertising alue beyond they produce in | ash revenue. But the big profits in shipping come from hauling freight just as they do on the ailroads. what I TELEPHONE COMPANY PLANS IMPROVEMENTS. Central Office at Capitol leights Authorized by Board Today. New Directors of the Chesapeake and Vo tomac Telephone Company at the; monthly meeting today. authorized im-! provements in the District of Colnmn bia_invelving expenditures of $75.000. ] The improvements include under-| ground and aerial cable relief in the! Lincoln central office district. Exten sions will be made on Twelfth street north of Otis street. and along Tucker man street, east of Georgin enue. | An underground condujt will also be | placed in advance of paving on Co. lumbia road between Sixteenth and| lighteenth streets. | Additional central office equipment | will also be placed in several of the offices here. The personnel of the board includes | Albert 15 Berry, president: Charles .J | Bell, Alexander T. Britton, John Poole! . Graham, Washington, and] . Gifford, president, and s son. vice president, the Americin lephone and Telegraph Company ¢ York. | new central office to be estal |lished at Capitol Heights, Md.. involv- | xpenditures ¢ than £6,000, | at > City, | | s authorized | The new office, it is understood, i be established about the first of July fand will e about telephones. engineers * es thera will be about 500 telephones in | in this office by January | j1e31 The board author {improvements in Mary { expenditures of £213,000. The Capitol | { Heights central office appropriation is | {included in this amount. i ADVERSE BALANGE OF TRADE INCREASES 1 additions .and | ind. involving | + | Larger Imports of Crude Materials ywens Sh G144 all Corp new. 3 Y Tel €o .. Ohio_Power States Pow pf 10 t Pow n - Steel Boiler. i Pittsh & Lake E. 1 Proc & Gamble. . 1 P Bak A . 1 South Gas & 28 South” P& e e Sou Cal Sou W Bell and Pub, St Tank oock & Co .. trom Carls el i Superheater Co. 1 108wift Tat ... 1Swift & Co nw 17T Lux Pict 1 Truscon Stl 1y Tub Art S B v ol Lamp ol Lp A Imp . TS E E B pf 34 3 ¥ 2 i Lt & Ht nw Rub Reel .. roA 3 Zine pissing 3 Noranda . 10 Par Por M L 10 Plym Lead M 21 Premier Gold 20 San Toy. ... : 44 So Am Gold &P 7 Tono Belmont . 36 Tonopah Ext 2 Tono_ Mining 21 Utah Apex. METAL MARKET. .| NEW YORK, April 27 (#).—Copper | steady: Electrolytic, spot and futures, 14. Tin, easy; spot and nearby, 63.75; futures, 61.00. Iron, steady; prices unchanged. Lead, steady: spot, 7.85. Zinc., stead st St. Louis spot Anitmony, With Small Exports, Ex- plain Situation. By the Associated Press. Larger imports of crude materials combined with declines in exports of these products and foodstuffs were explanations given by the Commerce | Department today for the excess of in]i]vr(vx!mzllel,\' $70,000,000 of imports {over exports for March, when the ad- ! verse balance of trade against t country reached $125,000,000 for the calendar year. 1 Imports of crude materials in March were valued at $198,351,000, compared with $144,507,000 for March, 1925. Finished manufactured goods reached $78,975.000. as against $67.868,000; semi - manufactures $74,697,000, o against $75.890,000: crude foodstuffs $51,102,000, against $50,184,000, and | manufactured foodstuffs $40,153,000, | as_against $46,840,000 Finished manufactures made up for | 47.2 per cent of the exports with a | valuation of $172,267,000, as against $171,637,000 for a year ago. Crude ma- | terials were next with $83,031,000, as | against $122.845,000; semi-manufac- tures $53,620,000, against $64,666,000; manufactured _foodstuffs $40 00 ! against $55,585,000, and crude food- | Stuffs $15,506,000, against $31,101,000. | As a result of larger foreign sales | of automobiles, machinery, iron and steel products and chemicals, how- ever, exports of finished manufac- | tures gained about 20 per cent. {at an advance of 1 to { month offerings werd | rainfall of importane 1926. 27, APRIL 6.9 mucTon| % LOANS " | FRED T. NESBIT Investment Bldg. M. 9392 , .. C, TUESDAY, COTTON ADVACES GT01BRONTSNET OFFICES OF THE Lanston Monotype Machine Co. Philudelphia, April 10, 1 3 The annual meating of the stockliolders of the LANSTON MONOTYPE MACHINE COM PANY will be held at the Geo: Mason Hotel, Corner_Washingt d Pri streets, Alexandria. Va. ut 17 clock noon, on Thursday, the 6th day of May, 1926, for the purpose of electing Board of Direc- tors fo kerve for the ensuing year and trais Gietimg mpeh ofhier business @5 may properly before the my i n April 26 copened on Steadier Cables Factor in Rise—New Orleans Mar- ket Is Quiet. By the Assoc NEW YORK, Apri tures opened stead. 18.08; October, 22; January, 16.78. The market was steady | T points in re-| sponse to rather steadier Liverpool | ables and covering after the declines of yesterday. May sold off to 18.51 after the call | unde little liquidation brought out | the circulation of notices estimated | ibout 4,000 bale near readily absorbed to tix price soon meanwhile o'l r of the Board of Tircetor JOHN A FERGUSON. S¢ tars We will gladly receive and give prompt attention to ap- plications for Loans on Washington Real Estate Current rates of Should you have Money to Invest —we can also take care you. Our experience, extend- ing over a period of trade by £, howev lied to 18 sold up from 1 31. the gen eral list showing net advances of thout 9 to 13 points at the end of the irst hour. Barly weather presumably the by pri interest. ated South, (e s indi ni the but showed rather low tempes at a couple of Kastern belt points and Thirty-Five Years reports reaching here from the South . isures r protection. west bronght reiterated complaints of nstEes;your protect! delayed planting. e Percy H. Russell Co. E R SRt 926 15th St. N.W. dvi The First Principle | KEEP your money intact. i This is the first principle || of investment. Your funds should be as secure five years from now as they'are today. Cotton ORLIEANS futures opened 40 bid: bid: w April stea Octol Januar s quiet being 4 point ol cables were indifferent and early weather news in increasing cloudiness in the | | sw crop months rallied after and v 1 down. Live FINANCIAL. WE BUY First and second trust notes secured on income produc- ing Washington real estate. Money available for first mortgages and construc- tion loans in any amounts. Resources Over $2,500,000 on Hand for REAL ESTATE MORTGAGE & First Trust Loans GUARANTY CORPORATION | Pl N. L. SANSBURY CO. Inc.| ZERIEC o = e i|1418 Eye St. N.W. Main 5901 L. E._Breuninger, President. W, B. Moses & Sons Established 1861 vy 4 Continental Trust Company Capital One Million Dollars 14th & H Streets Ample Funds . . Linens Upholstery Furniture Carpets BUSINESS FURNITURE AND EQUIPMENT Either in Steel or® Wood A phone call will bring o repre dtive your convenience I Main 3770 Dependable 1. but old crop positions re ' b unchanged with si 7.8% and Yy or unchanged from the opening 1 points up compared with vesterday . October, however, traded up to aher ibove the p The thousands of investors in S. W.STRAUS & CO. real estate bonds know that their principal is always safe. More — they re- ceive an interest return of 5.75 10 6.25%. And for forty-four years, both interestand principal have been paidin fullpromptlyonthedays due. Call or write for BOOKLET 794—G STRAUS ed 1532 1 svious close reported that notices for only for May delivery were i this morning ANS, April bids stea October, 16 16.61. York 000 bl ned there NEW ORL futures—11 4 17.85; July, 1 cember, 16.6 unuary, Cotton Money to Loan Secured by f { trust on e Joseph 1. Weller’; i Second Trust Notes Purchased Fun e trust properts W Telephone Main 5847 WASHINGTON 44 Years Without Los. to Any Investor Marylan at mediatels Money to Loan on- Desirable. Small or Large Improved Parcels of Real Estate in the District of Co- lumbia—Morigages Renewed MORTGAGE INVESTMENT DEPARTMENT 713. 715 and 717 144h Street Main 2315 The New York Life Insurance Co. Offers to ) First Mortgage Loans n the District of Columbiz gomery County, Maryland AR PERIODS. On Improved Real iistate and Nearby Suburbs in Mon FOR 3, 5 O 10 Y 5%2% ON APPROVED SECURITY Apply RANDALL H. HAGNER & GOMPANY, MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Apartments Office Buildings Houses Business Properties LOOKING BACK TO LOOK AHEAD For a third of a century, in- vestors have enjoyed absolute principal protection and full in- terest regularity—with never a dollar’s loss—in our— = . BALTIMORE IMPORTS. Special Dispatch to The Star. i BALTIMORE Bulk im- | ports received at Baltim: included the following tonnage: Bananas meal, 1,836 bags: cla: gasoline, 125,000 barvels 39,500 tons: kainite, 10,950 bags; ganese ore 26,103 tons; nitrate of soda. 41,332 bags; crude ofl, 255,000 barrels, paper, 1,331 rolls; sugar, 91,706 bags. woodpulp, 4,468 bales; asphalt, 13,250 bags. Have You Been Stung Yet? Some men have to get stung good and hard before they learn to be cau- tious in making investments. Before you 1nva.st——lnvuunte! LOEW'’S, INC. B,EP“OET. NEW YORK, April 27 (#).—Loew’. Inc., reports net income of $3,651,753 for the 28 weeks ended March 14, equal to $3.44 a share, against $2,945. 143, or $2.77 a share in the previou corresponding period. Gross income was $33,624,443, against $80,177,121 o year ago, 6v,%, FIRST MORTGAGES A Third : Look back at this precedent ; of a A consider the assurance of pro- ductive safety it gives your surplus funds; look ahead, and let us help you plan your finan- cial future with these securi- ties of proven worth. . B. F. SAUL CO. Main 2100 925 15th St. N.W. Centur) Without a Loss &Co. Income cal Invest limited one. L ed amoun nvestment. th nd industrial d Medium and when t \nd age Notes are an id ¢ First g for people whose capital every dollar must produce unlike many ediums affected by fluctuating markets a o They Guarantee an Annual Income of 6%% Years of Serviee W INVESTMENT Loss to @ DEPARTMENT Orer Twenty thout Single Customer APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Suburbe in Montgomery Couunty, Md. 5: % INTEREST ;fl pply to L. RUST COMPANY LOAN CORRESPONDENT &he PRUDENTIAL INSURANCE COMPANY of AMERICA 912 15th Street N.W Main 6883 Double Your Principal in 10% Years HERE is only one sure way to double your principal. That is by sound investment, in which your principal is kept safely intact. Once safety is assured, the growth of your money de- pends upon the rate of interest you receive. For ex ample, if you invest $1,000 at 49, compounded semi- annually, it will grow to $2,000 in about 1714 years. But, if you invest now.in a $1,000 Smith Bond, paying 7%, and reinvest your inter- est at the same rate, you will have $2,000 by October, 1936—just 1014 years from now. Smith Bonds are safe First Mortgage Bonds, secured by modern, income-producing city property, and pro- tected by safeguards that have resulted in our record of no loss to any investor in 53 years. Send your name and address on the form below for our booklets, “Fifty-three Years of Proven Safety” and “How to Build an Independent Income.” THE F. H.SM1TH Co. Foundea 1873 SMITH BLDG.: Washington, D. C.—Main 6464 New York, Philadelphia, Pittsburgh, Minneapolis, Boston, Albany INVYESTOR IN 53 YEARS 16 NO LOSS TO ANY Name.....coumanns