Evening Star Newspaper, April 29, 1926, Page 31

FINANCIAL. COTTONIS EASIER ON FOREIGN NEWS Market Steady, 5 to 8 Points Lower, on Selling of Old Long Accounts. By the Associated Press. 1 NEW YORK, April 2 IS0 O : Junuary poul carly Weather reports were reflected in an opening decline of 4 to § polnts in the cotton market tods Tay sold off to 18.53 and October to f about § to 8 under selling attributed to ation of old long accounts com: bined with Southern hedging and local ure. Offerings were compara- ; light, however, and the market was quiet, with prices holding fairly steady at the end of the first hour Private cables attributed the de cline in Liverpool to hedging, with local and continental liquidation, und +aid the coal situation was restricting business in the Manchester market for cotton goods. It also was report- ed that an organization of Lancashire mills had approved the proposal to shut down for the week beginning May 3. New York € wteady at a net de copton futures closed barely ine of 1 to 3 points. High. 2 New Orleans Quotation: NEW ORLEANS, April 29 (P).— Cotton futures opened steady: May, 7.80; July, 17.43; October, 16.50; De- cember, 16.49; Januar ), 16. asked. The market was easy, OWing to lower cables than due. irst trades shewed losses of 4 to b points. Prices cased off after the call, with July trading at 17.42, October, 1649, and December 16.48, or 5 to § polnts under yesterday's close, 0wing to private re- ports of good weather in the belt. Although the map confirmed the ab- except for showers in xas, map readers pro- ed a possible change for over the cek end. Prices then raliled to 17.50 for July, 16.54 for October and 16.68 »r December. The market was steady nd near the highs at the end of the first half hour of trading. S FOREIGN EXCHANGE. Quotattons furnished by W. B. Hibbs & Co.) Nominal Selling checke old value. day. . .$4.8065 s €3 ondon. pound Montreal, dollar. « Paris. franc..... iruseels. franc. ... n. mark. et ague. crown Warsaw, zioty . . crown Stockholm, NEW YORK, April 29 Foreign exchanges irregula tations (in cents): Great Britain, de- mand, 486; cables, 4867-16; 60-day bills on banks, 4821. France, de- mand, 3.2913; cables, 3.30. Italy, de- mand, 4.01%; cables, 4.02%. Demand—Belgium, 3.47% 23.79; Holland, 40.18; Austria, 1 tina, 40.06 47.4: 20. Are You a Sucker? i . Too many people put their money In day dreams and wake up broke. Never put your name on the dotted line until you have inquired of some one in vour bank what he knows ubout some stock issue that is of- ‘ered to you privately. Washingion Stock Exchange Anacostia & ml?::f'u. R. 5s—$1,000 41—51,000 at 1031 pfd.—5 at 107% & Elec. eom—7 at at : Power 78 Co o Power Rwr. AFTER CALL. Capital Traction b5s—=$2,00( . [l e e it Washington Gas 5-—$2,000 at 100. Washington Gas Os '33-—$1.000 at 103%. e 00 at 86. 1.0t Cons. 58—$1.000 at ! loans. 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY, American Tel. & Telga. 4 American Tel: & Teiga. 4 Am. Tel. & Tol. ctl. tr; b Pot. B. R. Ana, & Pot. guar. 58 C. & P. Telephone b " & P. Tel. of Virgiol Capital Traction R. R. City & Subus eorgetown Eles Wash Waen. Wash Alex: Balt. & vashingt Wwash. Rwy Wash. Rwy. & Elec. gen. MISCELLANEOUS. 0. Paper Co. Mtg. 66 t. Joint Stock L'd Bk. Southern Bidg. 6% Wash. Mkt. Cold Storage Bs.. STOCKS. PUBLIC UTILITY, 82 National € olumbia « ommercial tnatrict armers ‘& yederal-American . berty Nat Bank of Washington. TRUST COMPANY. American Security & Trust. Continental Trust.. Qolymbia Title.. A R Estate Title. b rr‘fflé e BNhia somlt MISCELLANEOUS, PDFr pid.. . . & Storage pfd.. ants' Trans. & ), al Mortg. & I’r;‘pol"‘p Ding Stores ptd. Lanston Monotype... Semirity Stora Washington Marks *Ex dividel American typewriters, ~hines and similar equipment sold in Caechoslovakia last year had & welght of 132 tons, adding ma i3 STAR, WASHINGTON, THE EVENING 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 20.—Operations for the rise made further headway in the curb market today, but improve- ment was pronounced in only a few special issues. One of the outstanding features was the persistent demand at rising prices for the new General Electric stock, which is to be fssued on a four-for-one basls. Accompanying the upturn in these shares was a sharp forward movement in the old stock, traded in on the Stock Exchange. The buying uappeared to be based on the conten- tion that earnings on the new issue $5.21 # share on the new stock, an amount more than suflicient to co the annual $3 requirements, Whicl General Electric new will return. | ferred to the .| Alden Coal trade and the expectation that a gen- eral advance in crude ol quotations could be looked forward to almost with certainty., Standard of Indiana was prominent, and special buying went on in several high-priced members of the Standard group. South American issues were no less prominent than they have been for the past two weeks, but no attempt was made to push the advantage. Lago Oil and Transport class “A” gained hf\]f a point at one time and Columbia Syndl- cate rose fractionally to a new high on the move. Realizing sales made themselves felt in Carib Syndicate, but this was to be expected following the recent improvement. Electric Refrigeration was , trans- New York Btock EXx- Others of the group did little noting, but there waa no Such speclalties as_Glen and Gillette Safety Razor worked higher, but this was due to nothing more than a technical market change. worth weakness. thousands. in shares. 500 Aniglo-Am Oil. Buying of the oll shares reflected the better statistical position of the ofl | condition. oil. NEW YORK, April 29.—Followin: 290 “Y" is an official list of bonds and stocks traded in on the New York Curb Mar- ket today: ales in s & 1 ) SSESCRRZASSIRERE3S [y ey e — Fy Roel St nonoSens s E W ., loominsale” i ingdale Br bf 1 len Co. s e S ey ey SFEIS IS ey P s £ - & 220! Apatt Ed 0 CosgTove Crown i BT ETI ’ : = e Szesizizes . 2 WA 3 e EEbaes o sy gl 2RSSR ERC2RSER2ERRSR! T st mecy o IS coso: ELrd w R vt S 1212 N £ GOV T LSO R B 1R 51 i urant Mot .l ast Roll Mills n Tl Co Br. Y - e Bt b ; o a sk S e S e P SR eu e R e b~ DE b e S0 S [ T 35E: TR S » " P“'en Motors € piliclo Suge F&W G 5-10-25 S Firestone T 7s EENISSER R e SSehctesee! E ot oot en Ohlo Ed T S S0 R 3 . 460 Rl =y 28E2° 5 o = o = EEETE ] Co52RR32R32E ERE R N . PEESTRPEESGE S SETESSTEFETT -J' e = &: R 6 R BEEADRA v - & 535555 35555550050 n0n50D! TS EEEZEEY BII3RE S ettt P t Pub Ser A’ Y Tel Co ptd 1 North 0 Pow C arke 1 pender D' Gro A 5 09t 0 Pender, D Gra B 55 Gov' L1015 1 % Pe ya Ir & S1 76, 96 vestph Un E 048 87 % STANDARD OIL I8 014, 08¢ 85 o on ¥ 100 Atlantic Lobos 39 Cont_Oil_new 00 Crescent P L. - siom e Disisistame 1t - Ere oS S T i Samiata et DI DI tEEE STeE R CETEr I it Pl FEFE PR F FR S E FLER 6800 Prairie O 150 Prairie P L. 10 Solar Refin. 20 South Penn ooa B S Rog gL eanReamms IRas3R8RIHEERRRERSRELS Lo e 3SR aaniaatits SEI2LS omp Rad Vte rans Lux Pic A : iy Tubize A 8 B vtc 175 11 ATisy iy A R IR et A3 Lot aed OB RIms =2 5 5 FE - - o i ARG ORIS I (R BOWENIH fugse e a & | & iibson Oil Cor uif il of Pa. 0 Pot. oo o o i R2e ¥ E A 8 e Sor i TEB R ey i 3o 3 R T W TR » 1 Noranda . 4 Qhio Conpel, 20 Parmac P M 3 Bremier Gold M. d &P 2 Do ne Riscom O RBNI! FREFIFEFTIERESE ISR 8 @ G RNESRFNRRS e » & & iscsioism Qua 1303B R aAATN ERiees S S SR RR8ERRER RS e Banio Do mstis gk b aoas TS FE G RS ©1953i9002000%1 4D e 3 3 S AR B A L IDD T 1S I~I SRR woman becomes an old age of 28 years. FREERS R | 1 w0 1919w YOU DON'T LIVE IN ENGLAND In Great Britain practically every firm pensions its faith- ful employes. In America the practice is distinctly limited. Provision for financial comfort later in life depends on individ- vat forethought. Our— 61,9, FIRST MORTGAGES —safeguard your surplus . funds for the future, with the security of improved real estate. The interest yield is regular; it has been so for a third of a century. Century Without a Loss B. F. SAUL CO. Main 2100 925 15th St. N\, FRENCH FRANCS SHOW NO TENDENCY TO RISE Same True of Belgian Money. Call Loans Continue to Renew at 3 1-2 Per Cent. Special Dispatch to The Star. W ORK, April 29.—French francs today showed no disposition to rally from their record low, reached on Wednesday, when they sold well under 3.30. The same was true of Bel- glan francs. The weakness of the French franc was accompanied logically by a further increase in the note circulation at the Bank of France. The outstand- ing paper currency is still some 60, 000,000 francs away from the high of April 18, but it was obviously still on the upgrade, The notable feature was that the past week’s addition to the paper note issue was not due to fresh borrowings by the Government, but to commerclal demands. also an increase of 7,440,000 francs in the loan item. Money conditions remained the same, Time money was freely offered for all dates at 4 per cent. Call money continued to renew at 31 per cent. The bond market again reflected the easy moner situation, not so inuch by any further rise in the highest grade issues as by the quick distribution of new offerings. It was significant of the insistence of the present investment demand that recently floated South American loans should have been sell- ing at a premium. —e PARIS PRICES IMPROVE. PARIS, April 29 (#).—Prices im- proved on the Bourse today. Three per cent rent 47 francs 26 cen- times; exchange on London, 147 francs 53 centimes; 5 per cent loan, 57 francs 85 centimes. The dollar was quoted at 80 francs 30% en- times. ‘hese showed - LORING HEADS BOARD. NEW YORK, April 29 (®.—The directors of the Boston & Maine Railroad have elected Homer Loring chairman of the 'bhoard. He is also chalrman of the executive commit- tee. 6 CONSTRUCTION % LOANS FRED T. NESBIT Investment Bldg. M. 9392 Money to Loan Secured by first deed of trust on real estate. Prevailine interest nd'wmmlumnv s 9th & ¥ N.W. Ample Funds on Hand for First Trust Loans N. L. SANSBURY CO. 1n¢.1 1418 Eye St. N.W. Main 5904 15t Trust Notes to Net Buyer 63% On savings Central 4 7 Savings Walle Benk Tiaest wih ew Accounts TUnder Government Supervision 710 14th St., Near G FRANCIS M. SAVAGE, Pres hmlmmmmcm; p BELL SYSTEM 1 th payable on Muv 3 To38, will be petd 1n. Aow’ York a4 thepficeof the Treasurer, 105 Brosdway, or in Boston st his office, 125 Milk Street. H, BLAIR-SMITH, Treasurer. 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 REAL ESTATE MORTGAGE & GUARANTY CORPORATION 26 Jackson Place L. E. Breuninger, President. D. C. Second Trust Notes Purchased Funds immediately available for second trust notes on D. C. and nearby Marvlund propergy, See'Mr. Read, Tocal Agent, 11 ‘ompany linm K. H: 1108 3ath Street N. Maln 372 NO LOSs ‘To Any Investor IN 53 YEARS THE F. H. SMITH Co. mnu':"r’:‘:‘ et i : i RENTS REDUCED - DOWNTOWN OFFICES 1313 H St. N.W. Adjoining Times Building 1 room.....$15 2 rooms. . ..$30 4 rooms. ...$60 Choice Locations Available Open for Tnspection Janitor Service H. R. HOWENSTEIN CO. Incorporated 1311 H STREET NORTHWEST THURSDAY, APRIL 29, 1926. OFFICES OF THE Lanston Monotype Machine Co. Philadelphia, April 10, 102 The annual meeting of the stockholde: the LANSTON MONOTYPE MACHINE COM- PANY will be held at the George Mason Hotel, Corner Washington and Prince streets, Alexandria, Vi at o'clock noon, on Thureday, ‘the §th day” of May, 1926, for the purposs of electing & Board of Direc- tors to serve for the ensi year and trans- ) er business as may properly come before the meeting. Transfer books will be closed on April 26 m., and will be reopened on LOANS 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 of you. Our experience, extend- ing over a period of Thirty-Five Years —insures your protectioi. Percy H. Russell Co. 926 15th St. N.W. interest. foney to Loan Desirable, Small or Large Improved Parcels of Real Estate in the District of Co- lumbia—Mortgages Renewed MORTGAGE INVESTMENT DEPARTMENT 713, 715 and 717 14th Street Main 2345 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 Apply RANDALL H. HAGNER & GCOMPANY MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Apartments Office Builiings Houses Business Properties A Contented Mind A Continuad Pouss Particularly when it is Financial Contentment. No worry of fluctuating markets. ured dependability of medium. o fear of Lack of Return. First Mortgage Notes secured by Real Estate in the National Capital are Safe, Dependable and Remunerative Mortgage Investment Departmens ON-&LUCH 713, 715 and 717 14th St. Main 2345 FINANCIAL. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent Subuwebe in Montgomery Couuty, Md. 24 ’.fl pply to H. L. RUST COMPANY LOAN CORRESPONDENT &he PRUDENTIAL INSURANCE COMPANY ¢ AMERICA 912 15th Street N.W. Main 6888 Two Salaries For You OUR second salary starts with your first investment in good income-producing secur- ities. Wher. you consider that no in vestor during fifty-seven years has suffered loss in the offerings of Swartzell, Rheem and Hensey Company, vou'll realize how safe our First Mortgage Notes are. And when you consider their high yield—=613 % =—you'll realize how substantial your second sal ary will be. Swartzell,Rheem & Hensey Co., Mortgage Bankers TATASHh. Street, KV, VashinglonDiC. 57 Years Without Loss to An Investor, Foreign Government Kingdom of Italy..... Porto Alegre (Brazil). Ciroulars describing these bonds in detail may be had an request. ALEX. BROWN & SONs Oldest Banking House in the United States BALTIMORE Washington Office: 1424 H St. NW. The above statements, altho! not guaranteed, belleved to be nnnnu‘.n % OLDEST i | National Bank in the . ‘District of Columbia 3% on Savings (o) Until Tomorrow One Dollar or more will open a savings account TRUST DEPT.! (LR (1 (TR You Have Every Right {iThe record of The Metropolitan is an unusual one, of satisfactory service to the public. Such permanence To Demand Safety —First of all for your PAY DAY SAVINGS. That's more important than interest return or availability. based, as it is, on over one hundred and twelve years means demonstrated capacity to serve you successfully under all conditions. 1" Your Savings and Checking accounts are snvited. National Metropolitan BanK ..r Years Old Capital, Surplus & Undivided Profits Over $1,800,000.00 ' 15th St., Opposité U. S. Treasury Organized in 1814 Capital & Surplus, $3,000,000.00 ] In High Standing With Pay Day Depositors Because this is the dean of Washington’s savings institutions, and one of the oldest banks in the city, it enjoys | particularly wide patronage among depart- mental employees. {We invite you to join our “family” of over 46,000 in- dividuals, to whom we pay interest, THIS PAYDAY. Same Rate of Interest on Large and Small Accounts Open_ Until 5:30 P.M. Tomorrow DIRECTORS: Woodbury Blair Walter Bruce Howe James A. Buchanan Reginald S. Wm. A. H. Church Huldekoper Walter C. Clephane Victor Kauffmann H. Rosler Dulany, Jr. Charles Minshall Wm. E. Edmondston Edmund D. Rheem Franklin H. Ellis Frank Stetson Frederick A. Fenning Frank W. Stone H. Prescott Gatley William H. Walker Willism D. Hoover Jenry K. Willard National Savings & Trust Co. 59th Oldest Savings Depository in Washington Year Cor. 15th and New York Ave. William D. _Hoover. w‘mfi}q P X 3 : p h. v