Evening Star Newspaper, June 1, 1926, Page 31

o 2T S NEARBY BERRIES ABOUND IN MARKET Buying Active Today—Holi- day Week End Creates Heavy Demand. market mostly Strawberries led the fruit this morning. They were from nearby and Kastern Maryland, the crop in the Va. section being about ex arby and Eastern Shore were of about the same quality condition, dealers s and as fine as they had ever seen Dealers believe the peak season has about heen reached Prices quoted for good berries ranged from $4 10 $6 & crate, few of the best bringing a8 much as $7. Held over and soft stock brought much lower prices. Buying was more active this morn- ing than usual. dealers said. because of the extended holiday xeason. Only a few wholesale houses were for business vesterday, and they closed about noon Both the butter and ezgg markets remain steady, and pr iweally no changes in prices of poultry, fruits and vegetubles were reported. An easier condition of the market on Spring broilers was reported and de- creased prices in the near future an- tcipated. Market Prices Toda. Butter—Fancy. one-pound 46217, tub, 45a4s. Eggs—Fresh. selected. 31a nery, 33a34: current receipts, Poultry, alive—Turkeys, 30: Spring broilers, 45a50: Plvmouth Rock broll- erx. 1% to 2 pounds. 52: smaller, 40a : white Leghorns, 35n40: fowls. roosters, 20; 1cks, voung, 15; keats, young. 70a80: old. 80 dressed turkeys, 35: broilers 60: keats, younz. 90a1.00: old. 50a60. Live stock—alves, choice. 12 me- Qlum, 10a11: thin, 7a8: hogs. heavy and medium, 1313 light, choice, 15: Jamba, 16, Meats—Beef, 14a17; lamb, weal. 20a22; dressed pork. heavy Ppork loins. 34a35: Western, 30a hams, 31a34: shoulders, Fruit and Vegetable Review. ‘Today's market report on fruits and vegetables (complied by the Market News Service, Bureau of Agri cultural Economics) xays Cantaloupea—Suppges liberal: de mand moderate, Ww.rket slightly weaker: California. Imperial Valley, salmon’ tints. jumbos. 368 and 4 3.754.00; few higher: standards. mostly 3.25a3.50: few higher: 545, beat. mostly 2.50: flats. 168,1.25 al.50: some overripe. soft, standards, 458, low as 1.50; jum bos, 455, low as 2.00. Lettuce—Supplies moderate mand moderate, market steady fornia, northern district, crat herg type, 4-5 dozen, mostly around 5.00: few higher. Onions—Supplies moderate: demand light, market steady: Texas, standard crates Vellow Bermudas. 1. . No. 1 2.252.40; commercial pack mixed. No. 1 and No. 2, 2.00a2.25; mostly around 2.00. Potatoes demand Michigan, Rurals, U. S. No. stock. supplies moderate: demand moderate. murket fairly steady Florida, double-head barrels Spauld. ing Rose. U. S No. 1. 9.506a16.00; South Carol «cloth-top Nve hariels, Cohblers, 1. 8. No. Ko0a- X.50; some badly decaved. 4.00a7.f Strawherries Homegrowns cally supplying the market. Marnland, Kast Shore. few sales. 3%-qt. various varieties, 4.5025.00. Tomato Market Weaker. Tomatoes—Supplies liberal; demand moderate. market slightly weuker. Texas, fours, pink, wrepped, .00 few, 2.50; Florida, stxes, ripes and 1urning, wrapped, best. funcy count 6.8046.00; choice count, 4.5085.00; fuir condition, both sizes, 1.0 lower. Watermelons—No supplies on mar het String beans- Supplies liberal: de. mand moderate; market alightly weak er. ¥lorlda. 7s-hushel hampers n, mastly poor condition. refused: Geor. xla. 73-bushel hampers. green and South ~Carolina, bushel hampers, &reen, 1.50a2.50, Yocording to quality and condition; North Carolina, bushel hampers, green, 300. Asparagus—Supplies liberul: demand moderate, murkeh steady: Delaware, 113 and 2 dozen bunch crates, green Jarge size, Urd. 0 medium size 2.50a3.00: small size. 2.00. Peas—Suppligs liberal: demand wod erate, market fairly stendy: Virginia, Norfolk sectign and Maryland, Fast Shore. bushel, hampers, 2.25a2.50: some Virginia. Nqjrfolk section. holdovers, Jow at 1.5 North Carolins hampers. pfdinary quality, harrels. homegrowns, falephones. n%.00, Cucumpers —Supplies lighy: demand moderate, marker dull: Florida. Pushel hadmpers. fancy. 2.00a2.50. Squash—Supplies moderate: demand moderaty., market steady: South Caro- Jina anfl Georgia. bushel hampers and bushelferates, white, 2.00a2.50; Florida, peppes crates, white, 3.00 Calbage— Supplies lig Jight. market dull: South baried crates. pointed type berries and were of the hen- 29430, old. 35a36: 19 de Old stock. supplies light: moderate, market steady: 150-pounl _sacks Russet 1. 5.50a6.00. New demand Carolina, 00az.50. s DAIRY PRODUCTS. RALTIMORE. June 1 (Speciali— Ifive poultry—Spring chickens, pound. 40850; Leghorns. 35a45: old hens, 32a 3% old roosters. 20; ducks, 17a23; Ppigeons. pair, 30a40; guinea fowl, each, 75a85; old, 40a50. Fggs—Receipts. ts, ses; native dozen, offered at to 40a43; prints store packed. process butter, fancy creamery, 43a45: ladles, prints, rolls, pound. 35a36; Adirond, P. & T C. 6x 1 Alum. Co. of Amer. 7a Amer, Beet Sugar Ox 19: ‘Am. Tel & Tel. Co. 4 Anaconda Copper 6x favoatea O e los. altimore & Ohio_ fs 1929 Bethlehem 'Steel bu 1 = Central of Georgd Chi. Ml & St Cits” of Lyon Columb. Continent Federat Fisher aul 6 19: PEEEGRRE =S==3e5zxas. & R 333553 3335335 o 2 ROEEEY EEE RS R333=x33833%28 SeSe! 3523 £ GBS Eogene 853ss2 IETREEEEF, TREASURY CERTIFIZATES. (Quotations furnished by Redmond & Co.) Tt is believed the largest limestone quarry in the world is located in Presque Isle County, Mich. open | prints, ti- | FINANCTAL, Recelved by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK. June 1.—The curb arket following the triple holiday was taking its cue from the action of the main body of stocks on the big board. The general price movement was unusually narrow following last week's speculations and there was no attempt to renew the operations which had been successful recently on the buying side. S was to be expected. money rates displaved hardening tendency, the all loan renewal advancing to 4 per cent as against 3% of Friday, and new loans later in the day were made Al 4. This. along with further call- | |ing of loans. might have influenced | profit-taking sales which into the market in sufficient g 10| IS v prices down half point to a point in numerous ins ices. But the | hardening the money market was nothing mor than temporary condition brought about the withdrawal of funds for end the month requirements. Sentiment toward the oil shares re- mained highly optimistic despite the of NEW YORK, June 1.—Following | an oflicial list of bonds and stocks traded in on the New York Curb| Market today: ! | Saies hundreds 1 AL P | 1 Alum 1 Alum Co 1 Aloh Port HAm Gus & TAm L & T, Am Pow & 6'Am Am INDUSTRIALS Hich Close Low BKlyn City R R 3 o Burr Ad M 1 pt 10¢ 3Can D Gine A n 1 Can w nt Baking bl nebfield Coal De Forest R Vi T & Rev n B Duntiti It | Durant’ Motor i kA n Bak B . 0 G & E nw B 0 Pub Sery lotte 8 R en Alden PN Coal 164 R Grimer R & ' R @Hav E & Ut pf 4 Hazeltine Corp 1 Hellman R pf 1 Hires Ch A NInd Ray Corp A 1Intl Rwy vie Land H € A stid 3 Leh Pow new val € cfw Mid W Tul pld { : Midvale Co 1es Riv Pow H 2 . Ts pf 100 { t Pub Serv | H 1001 101 4 i 101 i > IO I | 1 Pratt & 1.; HPubh S P & S Purity Bak Purity Rak nfd. Derene MiE T Rem xaree) TOA Singer Mg Lid Serv E C A of de Sou Gas & P A 7 South P & L n i Sou P & L ptd I Suuthw el pid | Stand Mot i Stand Pub G'& I Strowck & Oo 5 Stutz Mot a6 Swaft Totl Tampa El o 14 9 A% (i 4 A Tampa El rts wi 70 Tmken Axle |7 Todd Shin 15 Trans Lux Pie A 4 1 a Washington Stock Exchange | SALES Capital Traction 55—8$5.000 at 100 e o in Gn 8100 ‘2t 1084 . District. Natiouul Bank—10 at 226~ ° Sevond National Bauk—10 at 280 %. 5 at 26054 | Meyihiante' Trausfer & Storuge com. 10 | 'l b un 115, 10 at 114, 4 w1 ! | ( AFTER CALL i Monotspa—? at 86 | Came ction Co—1% At 104 Patamac Biecirie Power” pld 15 at Washington Gar s ‘33—$500 at 104, Washington Rws. & a1 At ARy Money—Call loans. 5 and 6 per cent. BONDS. PURLIC DTILITY. | A Telza. 4% & Telga. 4la8... Am. Tel. Tel etl tr. 8s. . | Anicostia & Pot 'R R Be. Ana. & Pot. guar. ba.. e es. & Pot. Telephone be... P. Tel. of Va. be. tal Traction R. R. | & Suburban ba. 3 . Amer. Tel Amer. Tel Potom Potomac Potomac Pot_ El Wash.[ Alex Wash| Alex Wash - Ralt Washington Gas b Washington Gas 6s Wash. Rwy. & Elec. | Wash. Rwy. & Flec. { | D. c. Paper Co. Pot. Joint Stoek Southern Bids. 8w Wash: Mkt, Cold Storage 5s. Wardmun Park Hotel bYx STOCKS. American Tel, & Telga... Amer. Tel. & Telgs. rts Capital Traction.. axhington Gar. . . K & Wash Steamboat c ‘Elec. vfd S Pow & Mt & Annap. Be.. & com. & Elec. pfd NATIONAL BANK Rw Wash. Rwy Farmors & Mechauica Federal-American . Liberty ...-...-. ‘ot Washington. . . TRUST COMPANY. rity & Trust.. st Nat. Bank ion Tru e e Wash. Loan & Trust.. SAVING Commerce & Savings. Washington.. urity El‘lll . & ot ton Mecha FIRE INSURANCE. { American Corcoran . Firemen's ... National TITLE INSURANCE. Columbia Title.. eal Estate Title.. . itle & Ins. Co. of . MISCELLA D. €. Paer pfd.... 3 Federal Storage pid. 3 Merchants Tran. & Storage Merchants' Tran. & Stos e nthaler Linotype. Natl. Mge. & Invest. Peoples Drug Stores b Lanston Monotype. Security Storage.. ... Washing ariet. Ex divie 1323028003 (3 " o g | sales THE NEW YORK CURB MARKET . Direct to The Star Office further increase reported in the week- 1y statistics on domestic crude output. Some selling made its appearance in this quarter, but it represented noth ing more than profit-taking following the recent improvement. : Tllinols Pipe Line lost a point to 132, Vacuum Oil & like amount helow 103 and Standard of New York a half point below 33. Buckeye Pipe Line, on the other hand. crossed the 50 level for a gain of a point, reflecting the com- pletion of selling for estate account which had held the market for the stock in check for some time past New Mexico and Arizona Land wag & prominent feature among the’ inde- pendents, continuing its upward move ment. Mexican Panuco was actively dealt in within a small fraction of its top for 19 | shares were more active than hevetofore, with Lehigh Valley Coal les up more than a point to 85 At 164 and Lehigh Conl at 41 were unchanged. Other industrials did litile one way or the other and were quiet (or the most part. Pubize A $ B vie 200 i G o © 4 ni Lt & P o A Tt Shar P& Lo eedn Bis cedn Bis C Pig pl Globe € cop Mines. on_Gold 1 Holtinge: 2 Hevla Mo Ark ) 10 Heacon Oil : 16 Cardinal Pate.. 20 4 1 9 Columbia Ssnd R Creole Synd 13 Euchd Ol Co 73 Gibwon 01 Cor 1 Guif O) Pa a6 Leonard Oil 2 Margay Oil new 10 Mex O 25 Mex Panuco 2 Mount Prod Bradford ox Land Cent Tex O o I Pennok Ol Cor Cona It Ck Proa Savor O 400 AUl L 400 Huckeye B 1 00 Contin_ Ol new 5 Gl Sie O1l 0 Humble Ol & R. o P L 1 1100 I O G Ciii o % 300 Ind P 1. 0 Inter Per Nat Transit L 0 ORio O 200 Pean Mex Fiisl 3100 Prairie 0&G new 400 Praine P L. 200 South Penn 011’ n 080 Ind 100 8 O Kansas. 400 § % Alum T8 new 3 i Am Gas & E Hs HAm Pow i Anaronda Ky Appal EI Pow 5 1Ass0 G & E 6x.. - a3 43 Ssmrtieo o ZE5822R SZzzozoSSooa: FETIE FOE SEcacc-acte SEERN 1068 % 102 g £+ TR # = e PR L 2o, s03x: £ SERSBRRA3ERR2 3 2 Ind O & 6 48 Kresge Fd 3 Laclede Gas 5138 18 Lehigh Pow 6s 2 Lib MeN & 1. ie 8 Long Tsl Lt fs. | Loews Tinc Sz23323%: FEEEF = oy 2 LR IBN'S PM 61,0C 2 Ohio P 58 B... 12 Otin St 68 A 5 Pan ‘Am_Pet e T 1Phil E bs 60 & Phil EP 8158 '72 6 Pure 01l Co Glan > T P23R23R333 =3353555352033 ks e SEEEE 2550 ) " s " . " 5 » § § s 5138101 Vebst Mills 0148 01 % FOREIGN BONDS. thousands. 1 And Nat C_6s ww 100 #Antioqua 7a A.. 817 29 Antiogua 7a Bl 813 T4 Bu Aires 78 36. 0915 20 Bu Airex 7a 97 201ty Aires tas. ologne Bi4¢. Danish_Con' 5% 41 Germ C Mun %5 18 Grt Cons E1 6 54h 19 Hamburg B 7 15 ltalian P U B W5 i 85 2 Leiprig 7s. 04 3 Muni Medeilin ‘88 100 14 o Netherland ds B108% 2ERSREBATIGSITEII22S oSS onERBRETXDDTDD: B0 FEGLPEEEFE PEPFIEST NS = £ 3 DeSooz. = S5, Ed 86 90 NEW YORK, June 1 (#).—(opper electrolytic, spot and futures, asked. Tin irregular; spot and 60.00; futures, 50. Iron ; No. 1, Northern, 21.50a22.00; 2, Northern, 20.00a21.00; No. 2, Southern, 22.00223.00. Lead steady; spot, 7.65. Zinc firm: East St. Louls, spot and futures, 6.95a7.00. Anti- mony, 9.50. Following the sinking of a lighter in a collision with a tug in the Thames, derricks salvaged 22 mnew automobiles that were being carried by the vessel. EVENING | dle and second grade bonds, there has | heen no weakening in the prices asked NE IPRESSNE N BOND NARKE Large Amount of Investment Funds Available for New Issues. Special Dispatch to The Star. NEW YORK, June 1. progress toward higher prices was made by the bond market in May. Gains were small, numerically speak- ing, as they always are in strictly high grade investment securities. But they were persistent and impressive, nevertheless, coming as they did atter a rise prolonged over many weeks. Naturally enough, the very fact that the market has been so strong | for so long a time has stimulated con- fidence in its future. The spectacle of | advancing quotations in honds while stocks were declining and sentiment in speculative circles was pessimistic At times extremely o, Was reassuring to fnvestors. Followers of the long-term trend in honds now speak of the time when old line, tested first mortgage issues « prosperous rairoads will again sell « 4 4 per cent net basis as they did 2 vears ago and when United States Government obligations will sell to re- tur naround 3 per cent on the money | it takes to buy them. Perhaps this Is | Doking 100 far ahead. Pace Begins to Slacken. the average price goes higher te of gain becomes smaller and pace slackens. Then, too, there xure 1o be reactions and minor setbacks. Speculative operations not | entlrely lacking in bonds, even though | not as pronounced as in stocks, would | alone bring about recessions from | time to time. Nome of these reverses might easily last for months and still not negative the theory that over a | ToricT @ senrs tow s —estment market | is headed toward still higher levels. The fundamental conditions that have contributed to the advance in bonds remain the same, although the | form in which they disclosed them selyes has been altered somewhat. There is no important change in the gold situation. Merchandise imports have. it 18 true, exceeded exports, but without affecting the gold movement. Money remains easy and vet the rates charged for time and for day-to-day accommodation in the Stock Market | have not been as low as might haval been expected from the statistical po- sition. In explanation it has been sug- gested that the bond market is prov- ing a fromidable competitor with the | short-time money market, and prob. | ably this is correct in part, at least. | Banks have been finding it more profitable to accumulate securities | than to loan money on call or even | on time. Commodity Prices Steady. As far as commodity prices go there as not been much change. Tempo- varily there seems to be a check to the decline, but, on the other hand. there 1s no tendency for the “index | numbers” to advance significantly. | The course of commodity prices is fully as important a factor in fore- | vasting the future of the bond mar- | ket as is money. About all that can | be said of the developments this month is that commodity prices. al- though stablized for the itme, have not vet Indicated a turn in direction such as would precede a depression in the market valuation of fixed rate | interest-bearing securities. About one thing there can be dispute. There ix an abundand capital seeking employment The ready sale of new offerings Is suf. ficient proof of this. To have u new ! fssne “oversubscribed” is the rule ! and not the exception in these davs. | Nome of these ‘oversubscriptions, too, have been for offerings not of the first grade. It has become easfer to_sell honds secured only by stock | collateral or not secured at all. mere- ly debentures. S6 far this tendency has not be- come universal enough to be disturb- ing. but it 1s a sign that a stage has been reached in the advance when the shrewd investor will scan new finanding with « little more cantion, Seek Higher Yield. The willingness to take a lese de gree of security for the sake of a higher yield has been even more evi- dent in the market for seasoned bond obligations than in that for those just introduced. The rise in the junior railroad issues fllustrates the boint. There has been particularly aggressive buying of the lower cou-| pon rate railroad bonds selling st a | substantial discount and preceded by many prior liens. Generally heen cbligations of roads which the last vear or two have heen re. | gaining earning power. To that de- gree the demand has heen selective. It has not, however, stopped at fixed | charge honds, but has taken in some on which interest ix pavable only if | earned. adjustment and fncome ix sues. in other words. Thisx is. of course, a speculative operation. even though it occurs in the investment fleld Notwithstanding all this spreading out of the interest to take in the mid- Further ! 1 As the the no of | for | in the high grade group. United States Government obligations and the | first mortgage savings bank railroad issues are selling at approximately the high of the vear. Anything new which comes out and grades up in this clase is quickly taken. The best esvidence of this was the sale this month of $40,000,000 New England Telephone and Telegraph bonds with a 414 per cent coupon and at a price to vield only 4.80 per cent. This was the second public utility long term bond to be marketed since the war with so low a coupon rate, but it was quickly oversubscribed and sales made at a small premium over the offering price. Supply Is Limited. One difficulty fastidious buyers have found meeting their investment needs 18 that the supply of these high grade bonds with possibilities of price en- hancement in the event that the mar- ket as a whole continues its upward movement, is limited by the callable provisions so many of these older bonds carry. For instance, Massachusetts has just enacted a law legalizing certain Zas and electric bonds as {nvestments for savings banks. Analysis of & Jlist of bonds which apparently meets the tests the act sets up shows that STAR, WASHINGTON, [ton futur { Octobe |ported by a private crop report mak { have falled it has|! D. TUESDAY, COTON ADVANEES ON EAOPOUTLOK Liverpool Is Fairly Steady. Rain in Southwest Also Has Bullish Effect. « Ry the Associated Press. NEW YORK, June |.—Cotton fu- tures opened steady: July, 18.46: Oc- tober. 17.68; December, 17.62; Janu- ary, 17.63; March, 17.6 The cotton market was steady today at an ad- vance of 3 to 5 points on the fairly steady showing of Liverpool over the local holiday and reports of rain in the Southwest. Some local traders thought these rains might be bene- ficlal, but the more general impres- alon was they were not needed, and the market showed net advances of about 4 to 9 points at the end the first hour, July selling pund 1846 and December 17.63. rading was comparatively quiet with offerings limited. Private cables reported some con- tinental selling in Liverpool, but that fair business in ston cloths was pending in Manchester for India. New Orleans Quotations. NEW ORI 1) opened steady July December, 172 i . 17.20 bid (1927), March, 17 bid (1923). The market was steady to. day notwithstanding that Liverpool was lower than due. Prices were sup- Januar ing the condition normal, the decrease per cent, and the ses First trades showe galn of 1 point. The market later im proved with July at 17.80, October 17.25. and December or 5 oto 6 pointg above vesterday's close. The weather map showed showers in the western belt and the northern por- | tion of the eastern belt. At the end of | the first hour the market wa and 1 point under the early - . DECLINE CONTINUES. NEW YORK, ) Guaranty Trust Co. finds that moderate decline in dom and industrial activity has continued in recent weeks, the most conspicu ous instances of this tendeney in basic | industrials being in iron and steel building and automobiles. Certain | branches of textile manufactures ulsc to maintain the pa arly Spring. The downward move ment of activity, however, while dis tinctly visible, the hank states, is hy | no means alarming “It ix evident | that no general depression exists and | present conditions fully warrant be- | lief that none fs in prospect RUBBER SLUMPS. NEW YORK. June 1 (Sp Crude rubber. smoked ribbed sheets, declined. 11; over the threeday holi day 10 43 at the noon quotation today This compares with 49 & month and 6% a_vear ago. FIRST MORTGAGES FOR SALE 6%2% THE TYPE OF SECURITY CONSERVATIVE INVESTORS BUY In denominations of $250, $500, $750, $1,000 and upwards, secured | on improved real estate situated | in the District of Columbi JAMES F. SHEA 643 Louisiana Ave. N.W. 65.9 per cent in acre n 18 no change 1o a “The, the | trade | Tune 1 FIRST AND SECOND TRUST REAL ESTATE NOTES SECURED ON IM- PROVED REAL ESTATE IN THE DISTRICT OF CO- LUMBIA. FEDERAL SECURITY & MORTGAGE CO. 1412 K Street Main 1599 will call at 1413 F St. lard Hotel, where demonstration is being held on Sponsel Universal Joint. directors giving personal letters of intro- duction to their friends. Ask for Mr. Lloyd JUNE 1. 1926. POTATO TRADING FAIR. CHICAGO, June 1 (#).—Potatoes— Total United States shipments Satur- day, new, 454 cars: old, 303; Sunday, new, 168 old, 10; Monday, new, 251 old, 94; trading just fair; market weak; Wisconsin sacked Round Whites, 2.40a : fancy, shade higher; ordinary Minnesota sacked Round 00a2.50, according to quality: Tdaho, sacked, Russets, 3.00a3.2! stock trading falr; market weak; Al bama, Texas and Louisiana sacked Bliss Triumphs, best, 3.26a3.50; heated, 2.75a3.15. HOME BUILDING DROPS. PHILADELPHIA, June 1 (Special). Bullders here report a falling off in construction of homes. Prices for building materials are lower, but this has been offset by the increased rates for labor in the building trades. Money to Loan Secursd by first deed of trust on rea! estate. Prevailing interest and_commission, Joseph I. Wellerizp Weab; & § T Make Your Money Make More Money Tt i< true that a cer- portion of capital must be easily tam your Equally true is it that surplus placed in a* medium of investment where it can produce the greatest guaranteed re- We recommend vour financial ~hould be First Mortgage Notes Safe Remunerative Dependable Annual Return 6'2% Mortgage Investment Department SHANNON - & LUCH T13. 715 and 717 14th St Main 2345 Service Corporation of New Jersey Dividend No. 76 on Com- mon Stock Dividend No. 30 on 8% Cumulative Preferred Stocic Dividend No. 14 os 7% Cumulative Preferred Stock Dividend No. 3 on 6% Cumulative Preferred Seock The Board of Directors of Public Service (‘ore Pub | poration of New Jerws has declared dividends at the rate of 8% per annem on rhe 8% Cwme- ative Preferred Stock, being $1.00 per share. at e o 7% per annum oa the 7% Cumuia- rferred Steck. being $1.75 per share. at e of 6% per anonm on the 6% C tive Preferred Stock, bewng $1.50 per share. a $1.2% per ahate on the non par valee Common Stock for the quarter endwng June 30, 1916. Drv- idends are pavable June 3. 1076, 1o wockhold- ere of record at the close of business June 4, T. W. Van Middieeworth, Treaturer. Public Service Electric and Gas Company Dividend No. 8 on 7% Cumulative Preferred Stock Divideod No. 6 on 6% Cumuiative Preferred Seock The Beara of Drrectors of Pubhic Service Elec- trie and Ges Commany has deciared the reguiar quarterty drvidend on the 7%, and 6% Preferred | Steck of that Company. Dividends are payable June 38, 1926, to stockhoiders of record at the close of business j une ¢, 1926. T.W. ‘Security Salesmen Will find a wonderful proposition if they N.W", opposite \Wil- Board of nearly all the issues which pass are quoted in the market on less than 5 per cent basis except those 6 per cent and higher coupon descriptions Wwhich are selling at or above the call price. This means that an in- vestor with confidence in the market and who wishes to buy high-grade obligations in this group with an opportunity of _price appreciation must accept less than 5 per cent meanwhile. One of the most striking indications of sentiment toward the market is this -attention which is being pald toward redemrption pro- visions. BAR SILVER PRICE. NEW YORK, June 1 (#.—Bar silver, 65; Mexican dollars, 49%. .. 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 invest—investigate! oxna Auvailable in amounts of .BQ All protected by twice their face value in Washington’s most unique and fastest selling homes! §SEBPHE Founded 190% C 1 age 6" % $100 and PS 1417 K Street—Main 9300 BB I FINANCIAL. REAL ESTATE LOANS ANY AMOUNT 1 APARTMENT HOUSES 2 0 BUSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT Investment Bld; Main 9392 W. . Moses & Sons F St. at Eleventh Furniture iy Upholstery BUSINESS FURNITURE AND EQUIPMENT Either in Steel or Wood A phone call will bring a representative at your convenicnce Main 3770 Is Costly Place your surplus fund- now where they will sufely earn a generous return— in doubly secured First Mort- gage Notes issued and ree- ommended by the %fi[ Squnders Cox Founded 1883 1433 K Street—Main 6'%2% Convenient amounts of £100 and up 1016 The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the Dis- . trict of Columbia and Nearby Suburbs in Montgomery County. Maryland FOR 3, 5 OR 10 YEAR PERIODS Y% ON APPROVED SECURITY Apply RANDALL H. HAGNER & GCOMPANY MORTGAGE LoaAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9760 Apartments Office Buildings House: Business Properties “WE'RE ALL READY." Brery m:;:bu"u the family fagmers the roll-call for DE- Deposits Invited in Any Amounts—Same Rate of Interest Paid on Large and Small Accounts National Savings & Trust Co. OLDEST SAVINGS DEPOSITORY IN WASHINGTON 59th Year—Corner 15th & New York Ave.— 30th Ycar AS THEY PROTECT THEY PRODUCE There is absolute protection for vour principal—the invest- ment funds upon which you de- pend for financial freedom and comfort—in our 6%, FIRST MORTGAGES Preferred real estate is the protecting sccurity. At the A Third of a . . same time, experienced man- agement methods with a third of a century’s record oftrelia- bility assure steady produc- tivity — regular, undiminished interest payment. Century Wthout a Loss B. F. SAUL CO. Main 2100 925 15th St. N.W.