Evening Star Newspaper, May 27, 1926, Page 31

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, THURSDAY, | STEEL PIPE DEMAND ‘ o M NEW YORK CURB MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK. Mav °7.--Calling of nproximately $10.000,000 loans by the ccal banks and the likelihood of a | hardening tendency in the money rates t week failed tn set the peculation on the buying side of thel “urb Market today. Higher pric ere the rule, with the oil shar aintaining their place of promi- ence. Approximately two-thirds of the ‘olume of business was transacted he oils with popular standard issues the favorites. Wall Street had the report that selling for estate account and large hlocks of stocks held by in dividuals, which had been overhang- Ing the market for mam finally heen ahcorber (was now open for the market 8pond tn the improvemen' in the oil Industry. Such “prominent memhars of the NEW_ VORK s an nfcial 1 tfaded in on Market today. Max ?7.—Following nf honds and stocks the New York Curb lpmmmem among South American {s- | " above 87, ling belated recognition of the com- - | anbacker changed hands at its hottom ales in thoysands. oh n 36 Un S Wi par S 03 ales STANDARD OIL ISSUES, n amts Anglo Am O ex d 181, ADnvicexd 17 ] Eurcka 2000 Humble 0 & R 250 TR, 4800 Imp O 30 Ind P 1 118 cuum O L1051 1083, alesin STANDARD OfL, ISSUES. . 15 Am Con Oilfids. 3% & " 5 Kirby Pet .. 19 Leonard 0ii & Lion 0il t ] E de Water Ol © de Wat )l nid Yeneziielan Pl SUPER-POWER in VIRGINIA E have prepared an in- teresting illustrated folder describing the resources of Virginia and the system of the Virginia Public Service Com- pany. This circular contains a map showing the extent of transmission lines and their connection into the Virginia super-power system. It will be fprwarded upon request. A.E.Fitkin&Co. | COTTON IS STEADY IN TRADING TODAY Bad Mather in Belt Gives Prices Slight Boost. Liverpool Higher. i Direct to The Star Office as Standard of Indiana. Vacuum, Humble, International Pe- troleum, Standard of Kentucky and | Prairie Oil and Gas moved forward readily and encountered little or mno! resistance. Venszuelan Petroleum was group sues, rosponding to the report that jts | No. 1 La Gunillas well made 6,1 harrels daily in a recent 24-hour tes Gulf Ol went alonz getting well while Gibson Oil was mak- nlstion of a new well several days ago. Little happened in the market for motor stocks aside from a sudden up- turn in Stutz Motors. This, however, | represented nothing more than heavy | covering 1n of tracts once { the market was be bare of f 2 ompared vith 1he previous fimal of 263,. Rick- By the Associated Press. NEW YORK. M 27.—Cotton fu- tures opened stead: ) Oc- | tober, : Decembe! . Janu- | ary, 17 ‘The market | was stead at a decline of 2/ points on June, but generally un-| changed to 5 points higher in H sponse to higher Liverponl cables. | continued drought complaints from | the eastern belt and fears of showers | in_the southwest. | July sold at 18.45 and December at | 17.58 after the call, but the bulge seemed to attract realizing. and the market worked off 2 or 3 points from the best before the end of the first hour. Private cables reported an ab- sence of selling pressure in Liverpool, | with prices higher on covering and | trade calling, but said it was a pre- holiday market. Proximity of the local holidays probably had a a re- stricting effect on business h New Orleans uuontlom W nRIIA\'F May 21 (). —Cot - I figure ol 2, refiscting the recent re- | duction n’ prices of its sixeylinder line. 113 Am Pow & L nf Am Bow & L ot AR Seatins 1 Blooming Br nf mm r orfz SBr 1ren ! T Y Toi Bkivn City R R 2 Buf Niag & E i Can Dry Gin A. . 4 Car Light. 4 Cent Pipe Corn.". Calf Pks new (1957). The market was steady tod first trades showing gains of 3 to 4 about as due. es showed no change In conditions overnight. Pricea improved later in the first hour on the continuance of the droughts in the East. but eased off later on real | tzing. July trading to 17.30. Octoher | o 17.17 and December to 17.70, or 1| to & points down from the opening The weather map showed it tle rain in the belt. ATCHISON INCOME GAINS. NEW YORK. May °7 peka and Santa Fe for April rose to $2.351.813 from $1.250.142 in April last vear, and for the four months of 1926 | B T oA to $12.360.750 from $10 B Frank B sf'\u ¢ 5 Fran Are You a Sucker? Too many people put thelr money fn day dreams and wake up hroke. Jever put your name on the dotted | line until you have inquired of some f one in your bank what he knows about some stock issue that is of- | fered to vou privately. E B, 1o Gon_ Pub, Sar D R Gillette S R Gondsear T Before All— Safety In investing money, un- impeachablesafetyisthe first consideration of every conservative inves- tor. This is why Straus Bonds,nowyielding 5.75 t06.25%,appealsostrong- lytothe investing public. Investigate these sound first mortgage securities. As a first step, write for ROOKLET 764, Johns-Mantille Landover 'H A st i 1 WL R por 47 Mohawk Vallesn AL r& L "of g0 ™ Vfl;:l I P 2 Rand Kard Bu_n Ineorporated Investment Bonds 929 FIFTEENTH STREET Telephone Main 5847 WASHINGTON 44 Years Without Loss to Any Investor a5 For ;,‘, Lt b 2 Sou L, 1 100 %ou P & L ‘. \“ Southw B']l y"d 1 Sparks \"Nh"ll! Puh BANK and INDUSTRIAL SHARES BOUGHT--SOLD--QUOTED Our exceptional facilities for the handling of all Continental European issues are available to you. LANE, ROWELL & CO. 336 Southern Bldg. Washington, D. C. Baltimore Sales in MIN hundreds 10 Ariz Globe € a0 ca & 74 Cona Ca 2 Eng Gid M LM | oka Cr FoFEE EENC i3t e 130 BN B Y Mt B3B3 D e 18 Wenten" Copper. —_— Slavery and head-hunting have heen abolished in Burma, except in the most remote parts of the country. Richmond Norfolk oe Life Increa es gncy aciities The Washington, D. €., and Winchester, Va., Homa Life Insurance Company of New York hav and a partnership formed by Messrs. H. R. Bryarly of Winchester and Maynard C. firm name of Bryarly & Burrell, General Agents To meet the requirements of the new firm in giving efficient serv- ice to policyholders and prospective applicants for insurance, tha Wash- In‘ln{n nfllk' = have heen movod from the Woodward Building to larger Suite 60, H. L. Rust Company Bulldmg 1001 Fifteenth Street N.W. Washington, D. C. Messrs. William B. Hardy. M. Wellington Allen and Julius F. Wondrack of the Washington office will continue their connection with the agency, and Messrs. James R. Du Shane and C. J. Swank, formerly of the Winchester agency, will be assoclated with the new firm in Washington. The office at 22 Rouss Avenue, Winchester, Va.. will be continued ax a branch of the Washington agency under the direction of Mr. R. T. Bryarly as Resident Partner. INVESTIGATE You Are Invited to INSPECT The Wonderful New Invention Now Being Demonstrated at 1415 F St. N. W, Agencies of the e been consolidated and R. T. Bryarly Burrell of Washington, under the 165 Broadway, New York Oppnaltc Willard and Wuhmgton Holelc NEW YORK, May 27 (M).—Active demand for steel pipe features th Youngstown market, one of the larj |est orders for tubes this vear involv- {ing 200 miles of %inch pipe for the Roxana Petroleum Co. Other import: ant inquiries indicate that this branch| of the industry will enjoy better busi- ness than other demr(menu Money to Loan We are making loans secured on well located real estate, improved or to he im- proved by new build- ings in the District of Columbia. WOBLD‘! ZINC S'I‘OGK. NEW YORK, May 2t (®.-—The! world's stocks of zinc on May 1 are estimated at 43,100 metric tons, com- pared with 36,400 tons the month be- fore. by A. J. M. Sharpe. fore Second Trust Notes Purchased Funds immediately available for sscand Iruat notes on iy Maryland proverty Local Agent. 3 m ne & Compa: 1108 T0th Sircet NWo e 7% First Mortgage Notes Secured on Improved Property Allan E. Wlll:er & Co., Inc. Estahlished 1981 236 emmurn lulhllnl We are also in posi- tion to refinance expir- ing loans. Mortgage Investment Dept. (SHARNON: & TUEH) 713 14th St. N.W. Main 2345 The New York Life Insurance Co. Offrs to Make First Mortgage Loans On Improved Real’ Fstate in the Dis- trict of Columbia and Nearby Suburbs in Montgomery County. Maryland FOR 3, 5 OR 10 YEAR PERIODS 5 ]/2 % e "Butidings ON APPROVED SECURITY Apply RANDALL H. HAGNER & GOMPANY MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Houses Business Properties —E D — LiFE INSURANCE COM or BosTow, MassacwuserTs Invites applications for loans on Apart- ment Buildings, Busi- ness Properties and to Residences. Prompt action assured! 6% BOSIZEMHELPS Real Estate Loan Corvespondert 1417 K Street Main 9300 5Y%2% Greater Achievement Greater Financial and business achievement is possible only when men's minds are freed from the “petty penny worries” of the usual hand-to-mouth existence. Get ahead of the game! Our Partial Payment Plan of purchase for a First Mortgage Note—guaranteeing security and yielding an annual return of 61,%, may solve your problem. Any way, come in June 1st and let us tell you how Greater Achievement can be yours. Mortgage Investment Department SAFETY FIRST In selecting securities do not allow the interest prospect to affect the safety of your entire principal. Our 6'4% FIRST MORTGAGES —provide, first, for the abso- lute safety of your funds, with the safeguard of sound real es- tate values. But, while the in- terest is rightly secondary in our consideration—not one of our investors has ever lost a dollar in interest payment, or principal. F. SAUL CO. 925 15th St. NNW. A Third of a Century Without a Loss B. Main 2100 REAL ESTATE LOANS ANY AMOUNT ] APARTMENT HOUSES 2 0 RBLAT S PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT Investment Bid; 10 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 c}.per!cme extend- ing over a period of Thirty-Five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. interest. Real Estate Gold Bonds Secured by First Mortgages Guaranteed By The United States Fidelity & Guaranty Company Resources, $46,000.000 To Yield 6% Plne tax refund up to 4': mills. Descriptive circular upon request. CHAS. D. SAGER i ce 1906 924 14th Street N.W. Main 35. FINANCIAL. Investors justifiably place implicit reliance on First Mortgage Notes issued and recommended by this or- zanization of twoscore vear's reputable standing. Founded 1857 1133 K Slrrrl—\lam 1016 6% 100 and up HOSE who purchase our First Mortgage Notes go away and come home with the assurance that investments are being safely guarded, and with the satis- faction that their interest checks will reach them in the mail the day they are due, without fufl. their invest- mmt‘and we suggest you consult us, if you have funds to invest, so that you may profit by the present rate of interest—615 % . This is real comfort in Swartzell Rheem & Hensey Co. Mortgade Bankers TOTASth. Street, )UK, VashingionDC. 57 Years Without Loss to An Investor Federal Security and Mortgage Company 1412 K Street, N. W. Washington, D. C. Authorized Capitalization 100,000 Shares 87 Cumulative Preferred Stock, Par Value $10 100,000 Shares of Common Stock, No Par Value PORTION of the authorized stock is now being offered to the public on the following basis and may be purchased for cash or on an attractive partial payment plan: ! 10 Shares 8%, $10.00 par Value. Cumulative Prcferrcd) eee-$125.00 f 10 Shares Common, no par value. .. The dividends are free from the normal Federal income tax and the stock is free from the D. C. intangible tax. OFFICERS and DIRECTORS MORRIS CAFRITZ, President HARRY M. CRANDALL Viice-President GEORGE W. HUGUELY Vice-Pres't.-Treas. R. P. Andrews President, R. P. Andrews Paper Co. Director, Bank of Savings Director, ington President, turers Association Harry Crandall atre Co. E. T. Chewning Co. Chas. A. Goldsmith Director, Continental Trust Co. Morris Cafritz President, Cafritz Construction Co. Paul Himmelfarb President, Penn Oil Company C. E. MORAN & CO. Iscorporated Fiscal Agents SOUTHERN BUILDING Main 3628-3629 Washington, D. C. National Bank of Wash- Merchants and Manufac- Vice-President, Stanley Crandall The- President, Continental Clay Products Director, United States Savings Bank MORRIZ GEWIRZ Secretary M. D. ROSENBERG General Counsel Hon. Edward W. Pou Member of Congress W. W. Griffith President, Grifith Coal Corporation Director, Lincoln Natfonal Bank Commerce and Morris Gewirz Attorney-at-Law George W. Huguely President, Galliher & Huguely, Inc., Lumber Dealers M. D. Rosenberg Attorney-at-Law President, Bank of Savings J. B. Shapiro President, Joseph Shapiro Realty Co. Vernon G. Owen Proprietor, Thos. J. Owen & Son Director, Perpetual Building Assn Commerce and C. E.MORAN & CO., Southern Building, Washington, D. C. Gentlemen: Without obligation, please furnish me de- tailed information regarding the Federal Security and Mortgage Company.