Evening Star Newspaper, June 5, 1926, Page 15

FINANCIAL. " SUPPLES OF TRUCK DECREASE PRICES, Decline in Poultry Values Here Feature of Trading in Center Market. An easing of the egg market and an appreciative decrease In the poultry market were outstanding features of the week's market. It is true that ezg prices did not experience a dro but dealers commented upon the ea ing as an evidence of no immediate increams in prices. High price of lamb. 37 cents for top | anality, sent retail prices soaring. The high price, according to dealers, was due to the scarcity of lambs, due, it is thought. to the backward Summer season. Lambs do not thrive in cold weather, o dealer remarked. and the weather has not yet heen warm cnoffgh for them. Top beef has been selling at 17 and 18 cents, while inferior meat soid at greatly reduced prices, some of it, ae- ! cording 1o dewlers, being undesituble. | Veal prices went to 20 and 22 cents, | the top meat being in demand, while lMve calves brought from 12 cents for | the choiest 1o 7 and 8 for thin Atock, New Potatoes Lower. Increased supplies of new from Florida and South Carolina has resulted in lower prices. Few sales of Florida. stock were made yesterday at $10 for ‘k, while South Carolina_Ct s, No. 1 stock. sold at from cording to size and_condition Liberal supplies of tomatoes the past few davs cesulted in o cheaper prices. The demand is moderate and the market fuirly steady. Thev are being received from Florida und Texas and are quoted at from $1.50 to $5.50. e, peas, string beans, cucum and asparagus are among other les in demand. Liberal supplies have been received the past from the Norfolk, Va., sec while receipts of the home-grown les are steadily increasing moderate supplies of cucumbers ragus and string beans are heing received, while the supply of cabbage 1= light. A moderate demand for heavy ceipts of cantaloupes made a market. The Imperial Valley is coming in all sizes and top quality selling while inferior stoc as $1. potatoes | tion, re- weaker pr 't mditions s $3.75 g as low Strawberry Demand Good. Dealers report a good demand moderate receipts of strawbe made a strong market througho week. There are some Fastern s Md., berries still coming, but home. growns are practically supplying the mariet. There was the usual good demand for berries thix morning, retailers be- ing on hand early to get choice selec. tions. Early morning buying was re- ported fairiy brisk, and buyers ex- perienced no difficuity getting ample supplies of all commodities for their trade. for Market Prices Today. Butter -Fancy, one-pound 46a47; tub, 45a46. Fresh, selected, 31a32: hen- 34; current receipts, 30a31. , allve—Turkevs, 30: Spring Plymouth Rock brofl- pounds, 48; smaller, 40a white Teghorns 38; fowls, 30a young, old, old, 45a50. 50a A 60. 12; me- heavy choice, 15; prints, iler: old. choice, aT: hog light, Live stock— dium, 10all; and medium, Jamhs, 16. Ive: thin, 131; 17a18: lamb, 34a37 houlders, Fruit and Vegetable Rr\ iew. Today's market report on friits and vegetables (compiled by the Market News Service Bureau of Agricultural | nomics) savs: Cantalonpe mand moderate, market California. Imperial Tints, standards, 4 B.00a3.2 jumbos, Iv around 3.5 125 and upplies liberal; de- airly steady ; few high, 'IH’MIBM lh..h! demn market stead n district, crates, 15,00, Supplies moderate; light. market steady: Texas, crates, vellow Bermudas, 1) : few low as 2.15, Potatoe: ock: supplies Hght; demand market steady; Russet Rurals, New sto nd : alifornia, Iceherg type, Onions demand | standard | No. 1, ok £.0086.50. supplies moderate: demand moderate: market slightly wes South Caro. floth-top stave burrels, Cobble No. 1. 6.75a7.00, Nort ° thtop stave harrels, ¢ Supplies liber: - mand Timited on account of weathor: market weaker. Maryland, Eastern Shore, 32.qt. crates. various varieties, early ales, 4.50-5.50; later sales, 3.50- 4.00; few 4.50. i Tomato Market Dull. Tomatoes—Supplies liberal: moderate; market dull and slightly | weaker. sixes, ripes and turning wrapped. fancy count. 3.50a | demand | position completed its M F. HEFFERNAN. o The Star YORK, June 5-—The usual week end profit taking made itself felt in today's brief curb market ses- sion, following the improvement, which had taken place earifer in the week over the general body of stocks. The ofl shares lost from fractions to a point, but the selling was not heavy enough’ to cause uneasiness over the future price tendency. It was one of the smallest two-hour sessions witness- ed in some time o far as the volume of business was concerned. Humble Oil at 65, lost % point and Standard of New York was down a like amount at 321, Warner Quinlan apparently had discounted the recent dividend ac- ton and was offered below 30. One of the few exceptions to' the general tendency was Lehlgh Valley coal certificates, which continued to move forward. although improvement was slight. Itecent buying has fore- NEW_ YORK, June i.—Fallowing is an official list of honds and stocks traded In on the New York Curh Market toda Salea in hundreds. T Al & outh. 306 3§ G gou b 108 v ovte 11 P ot wt 20 Co new. L 09 DUSTRIALS. High. Low 301 Auburn Auto Blooming Br pf.. 1 Rotany Cons M 15 Rrad Drls 4 Bridgenort Mach 2 Rrill Corn A e Rrillo Mfx AL i Rrockway~ Moi n A Bkiyn City R R 1 Ruff Niag & E of 4 Can D Mark Cnew U owar Balt uw Conmol L 4 Consol Dairy P Continen Bal A Bak kot v “urtiss Aern M inkler H A ww ubilier € & Ra rant’ Mot I R & Sh ¥ ¥ Mire & & Tt vie azeltine. Corp den Chem Iman R nf Ray Corp A er Cul B Land Co F Leh Pow new Leh Val € cfx D leh Coal & Nav T w T o hen Pac 1 Pender D Groc 1 Pender D Groc 3 Benn “Ohio 2 Phila #Puget 4 P& T 2 Purits ‘Baking A Yats. A B ndard Mofor 1, Swift & 16 Trana Luw 35 Tubize & S B vie i Coal vtc. s a1 E3 West Md Ist pfd Wea 0 & $'B e 3 White Sew M pfd 431 MINING STOCKS Carnegia Metals 16 Con_ Mines o Utab A M Ltd 1 2 ka_ Croesis 10 Forty Nine M 60 Hawthomne 1 Hecla Mine. - i o 128 ipiksing = Ohio Con, Premier Gold M. < Contl Sales in hundreds. STOCK MARK BUT BIG BOOM TUART P. W Special atch to The Star NEW YORK, June BRY The market in the 45 shown ¢ change first week of May and n choice count Wa00: few slies dizht adv: sades | Tom Wi 2-35-1h, (abbage —Supplies mand limited. zinia, N¢ oIk section, hampers, pointed type 1 grown, bushel baskers, poi 1.50. Asparagus— Supplies moderate: de. mand moderate, market steady: Dela- | ware, 11; and 2 do: g rates, | een, very large size, smal moder market de. Vir- :-hushiel hom ted 1y Suppiies libe | arket @, bop fow low Supplies lizht: den steady: Florida aud | re bushel ¢ .00; Alaba Leans mand modes weaker: North ¢ pers, green, 2 Cucumber moderate South « fancy. as fair no early xales ,.....m.q i EXPECT WINTER WHEAT. ] el tiamore s tokere Tobk Hfor smp-| ments in Three Weeks. | Special Dispateh IALTIMORE brokers and tailroads fiest consignment of for 1 to ch hLere weeks. Cutting of the Ein in the south n portion of the ! field next week. and the new crop will hezin te fignre in railroad traffic | in ahout 10 days or twa weeks In the Western and Southwestern Winter wheat States the vield will he much larger than last year, according to advices received h Other grain crops, of course, are still much in| doubt, but movement of miscellaneous | farm ‘products hax been wnd will be | heavy, say traffic officials. Railre is add they are prepuring for they count Winter within three grain will be- in the year end already have been ordering equip- ment & little more freely. [ have isied last November ! of the Aut . cordingly it means to i during the last week wl weak holdings eliminate ks back into stronz hana fhere has been ,nu effort to re wnse a public followingz. to try to produce the conditions which ex- 1 which were followed up in January. But there has been a_quiet pushinz forward of | shares, denoting confidence | 4 mee more to venture upon operations for the rise. For the most part stock on the week. So is the more tive class of bonds. The reason does not lie in outside developments. The business sitnation remains the same| as it has all along, some lines show- ing prosperity. others ather the turn has come from the inside. Stocks sold out at much higher prices during the excitement mn and early \W been brought back. Th has been upw any forcing of the 1 feeling that it was with a moderate campaign side of advance. Stock Boom Unlikely. higher It This upward swing may go further| in es where there are special in ducements in the shape of extra divi- | dends or highly favorable earnings, i but the essentlals for a broad forward | movement do not uppear (o be pres ent, The trade boum tuvolving a big advance i stocks could only be built round 2 strocture of _commodity » high enough to offset higher costs of labor and materials. Such a conditibn does not exist few industries. The outlonk is f continued period of fairly satisfac tory earnings to the accompaniment of a low-profit margin. The most that Dun's Review is able to report is that out of 62 changes in wholesale commodity prices, 27 have been advancing. This fits in with the general picture that the business of the country is working -upon a low- level, despite numerous excep April were f o T 4 |ty uncertainty. | { without | with | outside of | . THE NEW YORK CURB:MARKET' Received by Private Wire Direct to The Star Office shadowed the possibility of resump- tion of the dividends of the lesue at the meeting of directors, scheduled for late in June. According to present estimates it is expected that the c tificates will be piaced on an annual $2.50 basis, with possibilities of some- | thing_extra being distributed. A 3-point rise of the previous day in Vietor Talking Machine failed | 1o bring out realizing sales and the price gained another point to 84. United Gas and Improvement and Consolidated Gas of Baltimore, which had featured the public utility group during the past few days, felt the effect of profit-taking. Little happened in the mote® group. | Wederal Miotor Trucks came tn for some attention at slightly bette prices, but this falled to influence buving dn others of the group. It was & typical Saturday market. with the trading element ¢ let prices drift for themselves. wn Cent Pete.. Euelid 0il € 0 Gihson Oil ¢ 2 GillT'd O vie... Kirby Pet nh.m oL W Bradford 0. Mex Laid dent Ol 01l Corip. Bank Ol citer-Koster Oil 8 Roval Con O & R STANDARD OIL ISSUES. IRY 1R 208, 201y 108 * 108 5, Sales [ in umite 300 Anglo Am_Oil land P I, S 0 pfd old ble Ol & R 800 Iy O of Can o ter Pet € Lt Transit 100 Prairie 0 &« X00 80 Indinna H008 0 48008 O R 1 Allied "pk "ae 1 a9 iy 10Am P & 1. 68 nw 9913 Am W W Be A 0410 Anaconda 6 . 1027y 2 Anoal EI Pow a9 29 0114 102 " ge i3 Thats 108 Ilt Bay 19 s Ba ARy O R R Ba 074, I T Can be Alfll'u h St T i AR, 051 917 8 10680 _Pap ¢ Gas Relrig _6s wk Tire 513 a2 P & LBe . 1 Sig Pet 7a en Pot s Ind Ol & G & 13 Kresge Fo v w B Keith B F s Laclede Gas 55 nmx 16 Lehigh Pow By 2 Lig Win Re E 8 Long Ial Lt 5 Loaws Inc_ 6 104 “ nn!' 1043 1001 1004 I i o7l 104 10370 101 901y 1ot a0y 0 %% a8 1y 1008 100 o Pan Am Pet ti 11 Dhil B P adax, 2Ran K B 513s 10 el Del 6x 1003 948 1083, 100 10n 1013 101% 101 3% Tote 0415 Ve 1068 0l Blzc 100 X&FL S Algn A 103 R 1101 014 * 101 % ebster Mil Biye 9 FOREIGN BONDS. 044 10840 1013 i1 9 083, 082 o8 1 bRy 03 pi 01y i I8 Brazil m,- 19 1 811 Wke Bur ix Westp 11 El 618 DAIRY PRODUCTS. Special Dispatch to The Star. BALTIMORE, June 5. Spring _chickens, pound, Leghorns, 30a42; old hens, 28a3 voosters, 20; ducks, 17a23; pigeons. pair, 30a40; guineafowl, each, old, 40a50. Eggs—Receipts, and nearby firsts, “Live poul- 40a50; 692 cases: native dozen, offered at tter—Good 40443 store pac §19u30: K1yadn. Bh I'I‘ER HAND@ to faney prints, 43a4] ked, 28152 process butter, creamery. NOW IS UNLIKELY | | made with the season a vear ago, { when appropriations for the mainte: nance of roadway and equipment were heavy. Now they are down to normal #1l the result i that net revenuesare | iniz o better showing than gr Th iy lead to some railway <h\| dend increases and to the beginning T dividend: norailway stoeks which heretofore have been | nothing, } Oil Prices Highe | The market is hoping for develop- 'ln- nt= of this sort. Also it has a4 good 1l to say on the subject of the oil es. The recent price in ide oil and gasoline have not present been carrled any further, | ithe feeling is that prices will cher eve ally, an excess of consumption over produg. , tion. | these predictions work out. ‘nwumum‘ the fact may he at for | has b at In onsistently wiisituation. The market has been p atiention to nsset values (I | orders i wrong on the ng more 1 to count - there equipment shares as has oc- tenrred during the last week. On the same ground, steel shares have heen firm despite the admitted falling off in the demand for pig iron and steel {ingots and despite the uncertai course of prices. | Franc Decline Continues. d. Rates olute low tig- was resun [ not gel down to the wres of the middle of May. Bul the | duwnward movement showe there Was 1o particular reliane the reports of new American coming to the rescue the way did in 1924, International banking circles were aquite evidently expressing their skep- | ticism over any measure of relief that did not include a real balancing of the budget and involve tax increases that would be hard from a political stand- point to face. Ttalian lire also sagged off. The cotton and grain markets are waiting for new light upon the condi- tion of the growing crop. In the case of colton it is known that there will he another large carryover of the un- duct and thai the state of the U EETIR T satisinetory.. upon loans they EVENING 3 | providing ! wanted 75a85; | renses in | 1L will be interesting to see how | the | rvecalled | three years now Wall Street i ine in French and Belgian ' did | ihat ! STAR, WASHINGTON, COTTON DECLINES ON WEATHER NEWS Selling Movement Renewed. Liverpool Quotations Are Lower Than-Due. By the Associated Press, NEW YORK, June 5.—Cotton fu- tures opened steady: July, 18.27; Oc- tober, 17.51; December, 17.46; Janu- ary, 17.42; March, 17.58. The selling movement veloped In' the cotton market late vesterday on reports of beneficial showers or rains in the Eastern belt was resumed today. lLiverpool was lower, and the local market, after opening steady at a decline of 2 to 5 points, eased further under liquid tion by recent buyers. Addition: local and Southern selling was pr moted by confirmation of yesterda Eastern belt rain reports. ~ July con- | tracts sold off to 18.20 and December | 1o 17.38 before the end of the first half-lour, vepresenting net declines of 14 to 20 points. Private that the Liverpool market 1 hee influenced by liquidation promoted L the better weather news from the South, New York cotton fu a net deciine of § to 1 which de- anuary March ot July, | 10, | | | | | | | opened 17.10; December, 1700 1927 March, | The nrket was steady today with Liverpool than due, and early weather reports indicating considerabils rain | i the belt, including th stern | drought section First trades showed | 4 points decline on July and no change on October. Prices advanced | in the early trading. but soon eused off. owing te the rains in the Fast ern belt At the end of the first hour | July traded at 1758 and October and | Trecember at 17 08, or 4 to 5 points under yesterday's close, New O otton futur futures October, January bid (1927) bid 1315, Lavely lower & closed steady { at a net decline of 3 10 6 points, Close, 5% 0506 0708 05h-0a July o« Des January March 12 EMPLOYMENT HOLDING UP WELL IN BALTIMORE Plenty of Work ls to Be Found\ It Is Stated—Out-of-Town De- mand for Labor Also Is Strong. sal Dispatch 1o The Star, BALTIMORE, June 4. Employ- ment in Baliimore is holding up weil according to reports from a number | of srurces While there has heen i slackening in some lines, {xonal lines have opened new demands for labor. Demand for lahorers for out-of-town work has also proved of aid Indications are that this demand ntinue throughout the Summer a seasonal other sea up. therehy one who actually wants to n find work in Baltimore at * today said one man who is & touch with the local employ- ment situation. “Of course, it is not | ways possible for a person to get <t the kind of emplovment he l\n'\hfi* at the moment, but there are {numerons positions open tor those h\vm really wish to work. The ‘help advertisements in the daily | papers are good P\'inlfln(‘n of this.' PORTLAND, Oreg., June 5 (Spe ). —Foreign commerce out of this port broke all records during the last six months, according to the Portland Merchants' Exchange. SERVICE FROM NEWPORT. BOSTON. June 5 . Newtex line of ¢ eamers running from Boston, New York and | Norfolk to Texas City, Tex., will start {service June 16 with the sailing from Newport of the steamer Brunswick. (Spec stwise. BANK CLEARINGS. YORK. June 5 k bank clearings, $R95,000, k_bank halances, $80.- York Federal Reserve | $79.000,000, { . STOCK MARKET. | CHICAGO, June 5.—Following is | report of tod salex, high, low | and closing quotations at the Chica ixchange W Yo (Special) | New 1 000; New 000,000: New ank credits, CHIC. \ 0 Adams Rav A0 Al Amer Rad 30 Am Pub Serpid! A 0 Armour Del pid 130 Armour I fd. | 1400 Auburn Motor 7000 Balaban & Katz & Beck wh & Sons P Dol wh Cent 1l P S pid Cen S0 WP L Con S O W prd paying | 10 Hupo Motor 1550 118 Brick T00 Kraft Cheese 100 Libby M 50 McCord Rad 40 Mid Stl Prod in consequence of | 10 Pub RN 10 Puh Sery pid T 440 Quaker, Onts 10 Real Silk D0 Stew Warner Swift & Co.. wire Intl e in the | Total sales. BOSTON STOCK MARK ROSTON, June 5. Followint list of tod. highest, lowes ! closing prices for the most i stocks dealt in here: n Pneumatic o & Mathe. | Caliimet & Hee East steamship. Eibbv, MeN & Lib « Gus. gentha rth Rutte. * Shattuek-Denn Toxr Mfx. Inited Frul United Shoe Mach. { Uiyted Shoe Mach pfd. Vestural O . !nnr Banker, Knows. When in doubt about a security | consult your banker. It is equally as | | much his interest as your tu protect your savings, You trust him with Iyoun deposite -why not trust him with vour myestment oblems? abtes said || D. C.. SATURDAY, Standard of Calif. Employes Receive $26,000,000 in Stock By the Associated Press. NEW YORK, June 6—The Stand- ard Oil Co. of California, through its New York office, announced last night that stock certificates to the number of 481,976 shares were be: ing_distributed to 12,000 employes under stock plan at an approximate market value of $20,000,000. The actual accumulation of money was more than $26.000,000, consisting of $15500,000 by em- ployes and $7,750.000 by the com- pany. The remainder was from dividends and rights. Of those eligible, 86 per cent purticipated. Money to Loan Secursd by first deed of trust on real estate. Provailing interest and commission, Joseph 0, Wash. L ’ Tram Grain Ticker which supplies all Chicago grain quota- tions directly from the Pit is the only such serv- ice now operating in Washington. This serv- ice comes with quota- tions from all other grain centers in the United States. Our Service We are fully equipped to execute your orders in a prompt and efficient manner. Dean, Onativia & Co. Members of the NEW YORK STOCK EXCHANGE CHICAGO STOCK EXCHANG CHICAGO BOARD OF TRAT NEW YORK COTTON EXCHA NEW YORK CURB MARK Woodward Building Main Floor Phone Main 2040 The New York Life Insurance Co. Ofers First Mortgage Loans On Impr trict of Columbia and Nearby in Montgomery FOR 3, 5 OR 10 Houses Business Properties ved Real Estate in the Dis V2% ON APPROVED SECURITY JUNE 5, 1926. ESTATE ANY AMOUNT ] APARTMENT HOUSES 2 0 BUSINESS PROPERTY RESIDENCE LOANS A’rmw:um . FRED T. NESBIT Investment 3 Maln 9892 WE FINANCE —al! classes of income-producing property Large Loans a Specialty Current int. rate and commiselo Higbie & Richardson, Inc. 816 15th St. N.W. Frompt Action Flnt Mortgage Loans Lowest Rates of Interest and anmlnlon homas J. Fisher & Company, Inc. 738 15th Street Tl = 2ol = g UNION % 7 CENTRAL LIFE INS. CO. Makes Real Estate Loans For 5, 10 and 15 Years ' Doughss & Phillips, lnc. 1516 K St. N.W. N Fr. 5678 N g - Annoyncement The National Mortgage and Investment Corp. have moved from 811 Vermont Ave. to 1004 Vermont Ave. WE BUY 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 to Mcke v Suburbs County, - Maryland YEAR PERIODS Apartme Office Buildings Apply IIFOREIGN COMMERCE RECORD. RANDALL H. 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