Evening Star Newspaper, May 26, 1926, Page 31

FINANCIAL, GG PRICES FIRM IN CENTER MARKET eavy Consumption by Pack- ers Cuts Supplies Here. Fruit Plentiful. Eggs are not so plentiful, dealers ported this morning. and the market ras firm, due, it is stated. to eavy consumption by packers taking vich of the supplies off the market. Packers were unahle to hegin their very THE EVENING l NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. NEW YORK. May 26.—The con- tinued higher demand for all classes of oil stocks overshadowed everything else that happened in the curb mar- ket today. While the oll shares were being bid up In some instances rather sharply, other parts of the list were neglected. There were no new developments to account for the persistent demand in oils. market that the trading public had shown reluctance at the start of the | present movement to come in on the | buving side. But with the recovery | now under way it was evident that | the oils were attracting a large public following. Such issues as Humble | ioring as early as usual, it is stated, n account of the eold weather, and he packing probably will continue | pter than usual for the same reason A firmnesg of the butter market also | A& reported. Dealers had expected a ccided decrease in prices earlier in | he season. they state. hoping the | ins would increase the output m‘ eed for cattle. The rain was delaved. wever, delaving the anticipated de- | vegetables continue | airly plentiful and prices have not | hanged to any material extent the | ast few da A further slight de- | rease in poultry prices was reported, | hile meat prices remained the same. | Market Prices Today. | Butter-- Fi one-pound prints, 6adi: tul store packed. 25. | Fgzs—Fresh. selected. 31a32: hen- ory. 33a34: current receints, 23a30. | Poultry, alive—-Turkeys, 30: Spring | ioilers,” 43a50: Plymonth Rock broil r<. 11 to 2 pounds, 52: smaller, 40a | 5 White Leghorns, 35a40: fowls, 30a > roosters, 20; durks. young. 20: old, | 3 keats, young. 70a80: old. reksed turkey: : broilers, keats, young, 90a1.00; old. 50a60. Live sto Cmlves. choice, 12: me- | inm. 10al1: thin. 7as: hogs. hea nd medium, 131;: light. choice, ah0: 15 lamb, “’nlfiw pork, heavy Western. 30a32 22a23. Reef. 20a28; dres: loine, 34a35 31a34: shoulders, Fruit and Vegetable Review. oday’s market remort on fruiis | egetables (compiled by the | News Ser Rureau of | vieultural saya: | Peas—Supplies demand | wnderate, market ker; Virginia, | Korfolk _section. eck hampe arze pod varieties, early =ales, 2. *.50; bushel hnmpn' large pod va- | 1 16a hork hams, nmq—\vmnllp! light; demand | market firm: California, dozen bunches, 6.50. upplies light erate, market stead jarviand and Virginla, Winesaps, 5.50a6.00; few A 23 neh Ben Davis, 3.00a3.50: box "ashington, medium to large size, xtra fancy Winesaps, 2.7583.00. Cantalounes—Supplies liberal: de- hand moderate. market _slightly ceaker: California, Imperial Va [Salmon Tints, standards. 45s. few higher: jumbos. 458, 30: ponvs, 54s. 3.0023.50, mostly round 3.00: flats, 125 and 16s, 1.75 2.00; jumbo flats, 128, mostly 2.00. Leftuce—Supplies moderate; de- and moderate. market stead: 1- fornia, northern district, crates Ice- erg type, 4-5 dozen, 4.7685.00; some rdinary to fair quality and condi- Ian, 4.00a4.50; New Jersey, no salex | fenorted: North Carolina. 5-peck fhampers. hig Boston type. ordinary quality and condition. 50al.00. Onlons—Snpplies moderate: de- fmand moderate. market steady: rexas, standard. crates. Yellow Ber- udas. U. S. No. 1, 2.40a2.50; com- mercial pack mixed No. 1 and No. 2, \ Potato Market Steady. Potatoes—Supplies moderate, de- and moderate; market steady. Old tock: Michigan, 150-b. sacks Russet [Rurals. U. S. No. 1. 5.5026.00. New | tock: Klorida, double-head harrels Fpauiding Rose, U & No. 1, mostiy |« 4 8.0028.50; South 3 m.n. “top Atave barrels Cob: 1. medium size, 9.0, Supplies moderate, mn-l?ra": market steady; North Carelina, 32-qt. crates Mission- quality and_condition, Virginia, Norfolk section. barrels, 213-inch 4.00 2.25. ry to fair qvmnn and conditien, : few best, 17 per qt. supplies liberal, hnoderat market steady. pink Wi ondition, Florida yme fair quality and £.3027.00; liheral, de moderate: slightly outh Carolina, hushel ham- hest mostly 2. and condition. s-bushel hamper: quality and condition. Cnecumbers -Supplier moderate, de- mand light: market steady: Florida, | “bushel hampers and square bushel [erates faney, 50 5. [nnatity Florida. WON'T SELL REALTY. CEW YORK. May %6 (®.—Baldwin T.ocomotive Wor melling in the immediate future its Fhiladelphia real estate. which is Valued at about $30.000.000, Samuel M. Vauclain, president. said today. *1 did not * close any business " while phroad.” he added.” “T have come to the conclusion that the only way to do fhusiness with Europe teday is by lend ng money and doing business on a credit basie. We do not intend to do hat any longer. We are not worried lahout the Polich situation and expect to get our money from Poland.” He lexpected the company would operate at abont 30 per cent of capacity the rest of the year. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY CHELSEA, Mass., May 26—The cm.‘ Shoe Co. expects to move ite 1o Boston about June 1. The! eompany in working at good speed and producing 1,800 to 2,000 pairs of hnes daily, but finds it advisable to peek other working conditions than those obtainable here. NEW ORLEANS.—The mills of the outhern Pine Association last week howed & drop in new business of 8.6 per cent compared with the previois week, the total orders being 71.000,000 feet. About 90.500.000 feet were shipped and 72,000,000 produced. Un- filled orders total 280,500,000 feet, PORTLAND.—The hop market has shown signs of increased activity since the ending of the British strike and Fonglish buyers are active in a mar- ket at which coming crops are quoted at 26 cents a pound. PHILADELPHIA.—The voung gar- den truck just maturing in this sec- tlon of Pennsylvania and in New Jer- sey and Maryland is being seriously damaged by the grubs of the Japanese beetle. KANSAS CITY.—The PricesCandy Co. has concluded a contract with the Cities Stores Co. of New Orleans to | ie® over the confectionesy depart ments of the latter company. This is experted to increase the Price annual Bales; by $200,000 Lo JdddLon. l demand |~ = has no intentlon of | & Oil, Standard of Kentucky. Vacuum | Oil, Standard of New York and Inter- national Petroleum were up anywhere ' rom a point to two points on the da NEW YORK. May © 1= an official liet of ?mnd! traded in on the New Market today. —Following | and stocks York Curh Sates in RONDS, tRoyaand. 1 Allied Pk Dh . Alli Pk =295 5easScS5c a0y 333532 FPRREeE L1 2 Ind Limeatone 84 11 Indpls P & L 8 Kresge Foundn H\—m T Ph bt 59502035555 233225283332233 e G ::5::::" vmumn Antioaua 7 Antioqua o F SRRE E98ER F 22288 Szoses > X P P Trr] ' TS FEETT SR53333BIEZ2 coevcadonroe P seoDoR EEERNk 23333333333822 25, 2388 soopxzooN P P Proeo 23 Rnme Wostrha 1 Ruse Gout 61 in unite, 2000 Ang Am Oi! 30 Buckeve P 200 Chesehrongh Washington Stock Exchange, SALES, ital Tractioo 5o 500 at 00 582 %00” Caoi 0 at 100. $500 5300 at Lo 00 2 $1.00 Potomac Elec. Pow. pld—5 at, 106} apaneion L iy Monotype—5 at 85 at AFTER CALL. Washington Rws. & Fler. RRTa. % "R otomae R, R An.;mv Tashinethn Gae Light—s at a8's Jraction 561600 at R T 1007 Washington Gae 6 Washington 180 fd. 58—$1.000 0 at at 100%. 35.000 2t 104 m.-~235 at Money—Call loans, 3 and B per cent, RONDS. PUBLIC DTILITY. > 30mo3 2903300 EETEE e o RS _;i—" P Wash. c. . Wash. Rws. & Eiee. gen. fs.. MISCELLANEOUS, . C. Paver Co. Mfz. fn. ot Joint Stock L'’ BK. b Southern Bde. Alar Wash. Mkt. Coid Stor: STOCKS. PUBLIC UTILITY. . American Tel. & Telga. . & Tel. Pnlomlc ¥ ur'ma o wal v & B ulfl' 4 NATIONAL BANK. Natlonal Cepital i N!Arlv Bank of Washington .. . TRUST COMPANTY. curity & Trum ‘ e Washfoion “Mechanice FIRE INSURANCE. American Corcoran Firemen’ National Union TITLE INSURANCE. bis Title. Provler Lansten ‘Monotype focurits Storase. as! AEx di | Heretofore there had heen!at advancing prices in Carib Syndi- 80 many false stocks in the oil share l Declaration of an extra dividend of 25 cents a share in addition to the regular quarterly 50 cents by direc- tors of Ohio Oil brought in heavy de-| mand for that stock, which was car- vled up almost a point. Among the Independents Warner Quinlan was a feature, getting up close to its high for the year on reports that the $2 dividend was being amply earned and that there were prospects for larger distribution to stockholders. Troplcal oils were featured by active dealings e and in Venezuelan Petroleum. Nothing . worthy of note happened in the market for public utilities. American Light and Traction at 20613 was down a half point, but this meant little in view of the high selling price. Fajardo Sugar held firm at 1 Durant Motors changed hands at a small fraction above the low of the vear, but other motora were neglected. Among the mining shares Newmont fln\od ont .llrn"filv 2200 Continent 011 .. wn Gal Sig ol prd nm nng\m Humm- ol & R 0 1 lo0s 0 K et 14800 & © Now Foru: 21400 § 0 New York Sales INDEPENDENT OIL STOCKS. in hundrods, ZZAm Con Oilfields 34 Marac 8 3 Cities Service pf. 1 Cit Serv B cfa 20 f‘nlu‘nbu ynd RS ok PEYTEE T oL S -+ FEESETEST » 3 Mex Panuco Il Mount 9 2o e & s = 828,382, 2 P D132 SR iz Z g % % ER y n Sales in hundreds. 2'Ala Gt South.. 1 Pick L & Trac pl Rayon Prod Seating . . Superpow’ B Supow pr_of 80 Gas & FI o B e 8338335 23225005 4 ] ” i i Bioomingdale " Br gyuomm Br o 2 Doenler Dra I Doouter € & R 15 Durant Mot i Bond & | B & Sh nmdl(lm ¥ord x Thepters 4 ¥ ing Gen Flrvuu- new § Gillette S R, T H2hten CCim LR Ray D oeme TSl PR o 3=3un3E33n oz SR T T PEST RRCTETE S FREENEAR3SERET - 972 383 nd D Gre L&Lal-mz R3E e R Dt 855 az: 'n =r§=.=§z§'=: 3 =B o o i . TEEE ST A S SRR BE IS B DRI TO L ADAD SR ERESEEF ismizism —m=3i3 o aiom ettt SRANBISRRERN. MINING §° s Chino Ext nmm’“?’fK Cons Coy A Cresson G o 35330003 ] e PP BONBI IR - & A . i3 D o R e 3035S5300a3 e R IRON) RS S SOy el METAL MARKET. NEW YORK, May 26 (P). dull: electrolytic spot and (’fi:’\:‘:‘:!r. 13% asked. Tin ateady: spot and nearby, 61.00: futures. 59.25. iron steady; prices unchanged. Lead quiet; spot, 7.65. Zinc easier; East St. Louls, #pot and futures, 6.80 to 6.85. Anti- mony, spot, 9.50, - .- CALL MONEY EASIER. NEW YORK, May 26 (#).—Call money easier: high, 4; low, 314; ruling rate, 4; closing bid, 315; offered gt 3%: last loan, 315: call loans against acceptances, 3. Time loans steady; mixed colateral. 6990 days, 4; 46 mionths, 4; prime mercantile paper, 4. | the season | vesterday's clos v STAR. WASHINGTON, COTTON IS STEADY, Buying for Foreign Interests and Bad Weather Fac- tors in Rise. By the Associated Press. NEW YORK, May tures opened steady; July, 18.37: Oc- tober, 17.60: December, 17.52: Janu- ary, 17.42; March, 17.50. The market opened steady at unchanged prices to an advance of 2 points. More active months showed net gains of 4 to 8 points hefore the end of the first ho on covering by néar-month shorts. buying for Liverpool or continental account and moderate demand for new crop position, which was prob- ¢ Inpired by reports of unsettled weather in the Southwest and drought complaint from the Eastern belt. Jul 1d up to 18.41 and December to | on a comparatively moderate demand. | “he first private condition report of | 1o make its appearance here placed the dacrease in acreage at 2 per cent and the condition at compared with the official condition of 76.6 toward the end of last Mav. and a 10-year averaga end-May condi tion of 71.6. New Orleans Quotatio NEW ORLEANS. Ma futures opened steady: July, October, 17.12 bid: December, bid; January. 17.11 bid (1927); March, | 17.16 bid (1927). The market opened quiet today with no trading except in new sales in July at 3 points advance. Liverpool was lower than due, but the market here was supported by the dry weather in the Eastern belt. Near the end of the first hour July traded up to 17.70. October to 17.15 and De- cember to 17.18. or 5 to 7 points above | . The market was| dominated hy the drought in the East- n belt and faars of a return’of raing In the West, COLLECT]ONS IMPROVE. Hardware Trade Better With More Seasonable Weather. NEW YORK. May 26 In Ita week- | Iv_hardware market summary Hard- | ware Age will say tomorrow “Collections have materially im- proved in all important hardware market centers. Reports indicate that improvement has been fairly rapid and followed closely with the coming of more seasonable weather, “Continued warm weather in most | sections is helping to maintain a good | demand for steel goods, rubber hose, wire cloth and other important Spring || lines. May volume as reported by leading jobbers shows a very en. couraging average of wholesale husi nesa. “Prices are essentially firm in all lines and in ,the several markets. There has heen some price variance on wire cloth, but this seems to he rengthened. ' Wire nalls went 10 cents higher in eastern markets." FIRST PEACHES MOVE California and Georgia Fruit Crops | Expected to Be Heavy. CHICAGO, May 26 (). peaches of the season are moving from Georgia and California. The government hureau of agricultura economies reported today that during the mext twn months a heavy outpur of the fruit mav be expected from Georgia in particular. According to ! an official estimate. the tofal earlot | movement of Georzia peaches thie! a ak all records, the in- a crop heing 14.200 cars. double the total three 26.—-Cotton fu- Cotton | 17.6 o First | WV YORK, May 26 Ser e Corporation of Jersey reports surplus of §1. for April after charges, $994,906 in April last vear, - 122,418 for the vear ended April 30, compared with $7.908.102 in the pr ceding 12 months. s revenues for April advanced to $9.180.437 from| $7.830.592 in April, 1925 Regular| quarterly dividends on the common and preferred were declared. WOOL PRICES FIRM. 1 Dispatch to The S Public Speci RO! While dealing in | First Mortgage Loans|: Lowest Rates of Interest and Commission Thomas J. PRICES GO HIGHER! offering Ol A, S G Tnoked | after by my office, which js honded WEDNESDAY, MAY 2. 1926. Prompt Action D0, NOTICE Is HEREBY GIVEN THAT Al meeting of ‘the stockholders of Edmonston | Company. Incorporated, for the purpose | 3t Concdering and_actn ng upon an increase of ‘the eapital stock of said corporatoin, M1 be held at the offics of the compans ? 13th street, northwest, Washinzton m\ of Columhia. on Saturday. the dny +* May. 926, at 11 o'clock a HARR KIMBALL. ANDREW BE' Trustees kel 1$5,000--:::- 54240 at Age 30. Send Date of Birth for Full Information. LeROY GOFF lipranse 610 Woodward Bidg REAL ESTATE LOANS ANY AMOUNT 1 APARTMENT HOUSES 2 0 BLSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBlT Tnvestment Blde. 0 Fisher & Cnnlp-ny. Inc. 338 16th Street G Life Insurance Costs WE PAY MORE lNTERFST ON SAVINGS ACCOUNTS Than Any Other National Bank in Washington Interest on DAILY Balances Come in and let us explain . ? Commercial Nat'| Bank 14th and G Streets Resources §17,000,000 R. GOLDEN DONALDSON, PRESIDENT Money to Loan ecured by first deec of (ruM on w:l A-nlt MIIE Anterast and. commin 1 n Tr | | Joseph 1. Weller'z?, weih; BANK- and INDUSTRIAL SHARES BOUGHT--SOLD--QUOTED Our exceptional facilities for the handling of all Continental European issues We Will Loan at 53 % Economie Conditions Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, 1018 Vermont Ave. are available to you. LANE, ROWELL & CO. 336 Southern Bldg. Washington, D. C. Baltimore SECOND TRUSTS " Individuals having funds to invest in this | ass of security will 40 well to look over my | « ample with minimum of risk | WM. H. KYLE LOANS —INSURANCE WE BUY First and Second Trust Real Estate Notes Se- cured on Improved Real Estate in the Dis- trict of Columbia. Federal Security & Mortgage Company 1412 K St. Main 1599 Richmond Norfolk Virginia Public Service Company First Mortgage and Refunding 513% Gold Bonds Due 1946 Price 97 and interest to yield about 5.757 Consolidated Net Earnings of the properties for the year ended December 31, 1925, were over 2.27 times annual interest require- ments on mortgage bonds outstanding. FIRST MORTGAGES FOR SALE Descriptive circular sent upon request for A-635 E. H. Rollins & Sons Founded 1536 416 Woodward Bldg. Washington Phitadeinhin San Franrisen CONSERVATIVE INVESTORS BUY In denominations of $250, $500, $750, $1,000 and upward: on improved real ate in the District of Columl JAMES F. SHEA 643 Louisiana Ave. N.W. Now Vork Denrier the local wool market is still restricted. prices today appeared firmly estah! lshed. Pulled wools are moving more with ordinary "R supers at . woole are quiet and Shinquarter hionds represents principal activity in fleece wools. Some ma terial has sold at 37a43, which does not permit mueh profit with growers demanding 39%a40. GETS FOREIGN BUSINESS. NVEW YORK. May 26 (#).—D. F. Woodhull, president of the American Rank Note Co., said he had closed ‘actory business while prospects of even larger The eompany’s business to date has been running ahead of last year and he expected 1926 would he hetter than 1925, STRUCTURAL STEEL ORDERS. NEW YORK. May 76 ().—Orders for 1,900 tons of structural steel have heen received hy the American Rridge Co. from the Chicago and North West- ern Rallway, 1,700 tons from the Wa- bash Raflway and 600 tons for munief- pal construction in Chicago. selnee s Yl BUTTER IS LOWER. CHICAGO. May 26 (P).—Butter— Lovwer; receipts. 5.099 tubs. Creame extras. 39%: standards. 393, firsts. 38a39; firsts, 36%a371;; 34a357 BAR SILVER PRICE. NEW YORK. May % (#).—B: #4%; Mexican dollars. 4015, DIVXDENDS. Perind. e ] All Ch A D e sil- ST LR EE o PR LEF gaar Pet Mul l-l M U“?u 2d pf .o T A Fool -nd His Money. The fact that a stock certificate is printed in fancy green scrollwork is no proof that it is worth any more 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 suppogedly wonder- ful investment. FINANCIAL, A Third of a Century’s Experience® W!at Your Rental Property Needs —may be the thorough analysis which we as ex- perienced specialists make. Let us go over vour rental situation. You won't be obligated. And when we find the plan you need—Ilet us put it to work earning more profitable, more regular returns for you. B.F. SAUL CO. Main 2100 925 15th St. N.W. Millions Will Be Made Out of This Invention—Are You Going to Share in These Profits? If you wish to investigate, call at 1415 F St. NW,, opposite Willard and Washington Hotels, for full demon- stration of the SPONSEL Universal Joint, where we have a truck equipped with one of our joints. The Universal Joint is the most vital and necessary part of an Automo- bile or Truck. If unable to call, fill in coupon, which will bring full information. A. S. Jordy, 937 Investment Bldg., Washington, D. C. ‘Will you please mail me full detalls regarding the Sponsel Universal Joint, without obligation on my part? Name Address Euitable operative 'uilding Assn' JOHN JOY EDSON, President W AL’I’I"R S. PRATT, Jr., Secretary’ Organized 1879 YEAR COMPLETED $5,031,814.86 flllrplus . 1,352,749.93 Subseriptions for the 90th Issue of Stock Being Received THE VALUE OF ”I SYSTEMATIC SAVING T SHARES 5250 Assets can readily be seen by the fact that thousands have bought homes and built up substantial fortunes by saving regularly with the Equitable. Our plan will help you accomplish much. 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