Evening Star Newspaper, June 11, 1926, Page 31

\ SELLING CONTINGES| INCOTTON TRADING Declines of 20 to 25 Points Are Registered in Early r ¢+ Dealings Today. By tre Associated Press NEW YORK, June 11.- tures opened easy: July. ber, 15.65: December, 15.60: 16.50; March, 16.63. The selling movement, responsible for the sharp break in the cotton market yesterday afternoon, was re- sumed at the opening today, which was eusy at a decline of 7 to 17 points. The market soon showed net losses of 20 to 25 points on active positions, October and all later deliveries mak ing new low records for the season. Further liquidation came from tired longs, together with Southern, local and commission house welling on the more optimistic view of coming crop prospects, while the bulk of the de- 'mand was attributed to covering by shorts. Combined with some price fixing, however, it proved sufficient to check the break around 17.80 for July and 16.50 for October, prices showing January, Received by Private Wire { BY WILLIAM F. HEFFERNAN, Special Dispatch to The Star NEW YORK. June 11.--Prices con- tinued to improve on the Curb Ex- change today. It was evident that the outside public was becoming in- creasingly interested in the proceed- ings and that speculative sentiment was being influenced by the great strength of prominent industrial shares on the Stock Exchange. The buying in these issues reflected the activity of powerful banking in- terests and outside interests no longer were disposed to hold off with these - [ influences making themselves felt. Troremost among the favorites elect- ed to the leadership today were shares of the public utllity com- panies which have displayed a better tone during the past week or more. United Gas and Improvement was the leader with a rise of almost 4 points. Strength of this f{ssue was a di- NEW_ YORK, June 11.—Following is an officlal list of bonds and stocks traded in on the New York Curb Market today: Sales in INDUSTRIALS. Bandeds s rallies of two or three points from the lowest at the end of the first hour. Liverpool reported heavey liquida- tion in the market there and said the break in cotton was restricting busi- mess in cotton goods. New Orleans Quotations. W ORLEANS, June 11 (®).— L ton futures opened steady; July, 17.. October, 16.36; December, 18.31; Janu- ary, 16.29; March, 15.83 bid. The mar- ket opened active today and, as Liver- pool was about as due, first trades on near months showed gains of one to two points, with later positions showing losses of 10 to 11 points. First trades proved to be the highs for the time being, as prices weakened on generally good weather in the belt, further long liquidation and short sell- ing. July traded down to 17.09, Octo- ber to 16 and December to 16.20, or 16 to 22 points below yesterday’s close. At these levels the market encountered support from trade buying and prices advanced two to three points from the « lows. “RIPE RED MELONS” SEASON HAS ARRIVED Biggest Year Since 1922 Forecast by Federal Officials—Georgia Leading Producer. “Ripe red watermelons!" the cry of the city street huckster, has opened & melon season this year which prom- ises to be the biggest since 1922, De partment of Agriculture officials an- nounce. While a little later than usual, the season should reach its peak about July 10. Earliest arrivals in Northern cities from Florida cause of the late seuson. earl: das having been quoted at $1.250 to $1.350 per carload of 26-28-pound av- srage Tom Watsons. Georgia leads the producing States with about 54,000 acres, or 25 per cent more than last season. Texas ranks next with about 85,000 acres. Florida has about 19,000 acres, or half its acreage in 1922, South Carolina has 12,700 acres, an increase of 30 per cent over last year. North Carolina expects the largest melon average in five years, with 5,300 acres, and Ala- bhama has 25 per cent more acreage, with 9.500. The Imperial Valley has about 6,000 acres. ¢ Last year 51,000 carloads of water- tnelons were grown:- commercially. They had an estimated farm value of $12,000,000, or about 23 cents per mel- on. In 1924 heavy production reduced the average faria value to 17 cents nu.m Gas & i L Aubum Auto 3 KOV n ‘- e 5 o R G vie E llxon uu«-ml- & Rad ¢ 8 P oid 10; 1 Fagecl Mot Co.. 1y Fajardo Sug Co. . 133 Fed Pur A : Fed b 8. Metals T 4’:-(1 Mot Truck W GrA & 4 Grimes R & 1 Habpinees € 8t | Havoinesy € St ¥ El & Ut v 3 Hohander &'s' % 8 Nitnois Brick 13 Ind Rason Cor & 3Int Ctllities B.. 1 Klener Wmg St B3 of 3 Lmfim wek S sl 2Bovn B FSNENT " 230 ERER5 S0 8 gD GE & LS SIS y B, urity Bak pfd and B new ealty Ae BkIn om _ Noisl TCA ot TTK Vi o = De per melon. T Washington Stock Exchange o Walvhn:r‘tgn BW:A[:SL‘IQ" g & r. 69— ‘ashington (.ne 65 '33—81.000 at 104%, 000 at 104 1 Lanston Monotspe as of June 10—10 at Lanston Monotype as of June 11—10 at LLES AFT uu.,l Capital Traction G 99 at 1002 { Washington Gas 6s—$1 | hingion Gas Tigbbo10 ot 887 20 &t | Wash & El 1410 at l%“ 1‘3“‘;“85' .10 n';s%u 57a¢ 8! ‘ 9. ipital Traction Co.——2¢ v?u A Sty Al g Sébuw., TUNLISTED DEPARTMENT. Miller Train Control—100 at 2. Money—Call 10ans. & and @ ver cams. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amsrican Tel & Telea, 4 pital Traction iy & Suburban sorgetown Gas 1 otomac Elec. 3 K & r 7 . Sver. Sa v ctfe. Wash.. Bait Annap. .'vl. Washineton' Gas 10 nEton Gas Wash. Ruy. & Elee. 38 0 Wash. Rwy. & Eiec. gen. . 1 MISCELLANEOUS, C. Paper Co. Mfg. 6 . 8 ot. Jn(l?l.\lm d Bk. 5e.. 10 outhern IKM . 10 ‘aah C 9 Wardiman Park um-x"!u.“ o8 STOCKS. PUBLIC UTILITY or. Tel. & Telga, Amar Tel & Toiea. rta. amital Traction ashington (as ortolle & Wash, otomar Elec. e ot El e & Steamboat. 32823 & SanIan * Poromac ke, ash. Ry w3 & Fee o MIEYueY Satd BAN ational Capital olmbia (ommercial Netrict armers & Mechanics ... ederal- American r Ancolr {ational Metropolitan. Vass nd 3 NatoBank of Washington.. . TRUST COMPAN =2 s dioroencisme B iy = = 2. S2EERS83583S 29323335533 & B Am nonn;;»mfl Prust erchant ationg] Savings & Triist.. nion Trust. fash. Loan & Trust.. SAV merce & Savings. ast Washington : curity Savinks & Com. reet Bisme A B5Too® - 388822 @280t EEESR @ i DDA SODBIDOBAD BB (3 5 S8 BONMOIO 38— DW DA B FSETEES 0 S e & S5DB-1DReIBLDS L & FT a o - 5 PR SEEREER £l Do &P PSR e o 1 Whi . 18T T e N Sales in MINING STOCES. Calaveras Cop H 2 Carnerle Metal: n 3 s orty “Nin ofdfeld” Cons. '3 \ S et S58555o 3 e 20 S SRR 1 35D BN 3 B I BT PR DD miaiiomD aor’s F I D AR e B DR AR D I BB S ~e '. Onio Con So Am Gnh] & fi "efienes. ‘ono _Belmon| ullion. . . . erde Ext. . 2 Utah Apex 9 Wenden Cof 0 Yukon @ol fintes XNPLPENDENTO 52 Am con Ofifids 2 > S e 3 =4 10> & Lot = o N ) g 20 Am 2 Bencon o, 43 Carib Synd 20 City SRIERLEES TR ol EN Er PIRLEENE sp et L Honolulu € O Leonard Of1 Lion"0i1 g FE iy s Luoieiin i b9 22 ¥ F PAEISE Sa88a3R D0 0B SRS 0n s o 3130 Bt~ OBAADO Diom—tn BaSBaiiRBuSosnm 35 50m. FSORFEERS 5 TG PLiFER 22 M o0 F PETFIESS i o avisie FPEIELE i 50Y" Of Salesin STANDARD OIL 185UES. 2on Anglo Am Oil. . n Am seBrouch NiF. § e 2832, s SR aEIR 25205 R R F SR F | sates in THE FEVENING KT FINANCIAL, VE AR, NEW YORK CURB MARKET Direct to The Star Office rect response to the statement of the president that directors feel that the time is at hand when they will be justified in increasing the annual distribution to shareholders.: In view of its favorable financial condition the company can v dis more than $4 annually, L the new rate will be Is not known. Electric Investors and Electric Bond and Share securities came in for more attention and there was special strength in Northern States Powe! The advance to & new high record in Canada Dry Ginger Ale accom panled reports that earnings so far this year were substantially in e cess of those for the same period in 1925. The hardening tendency of the cop- per metal market reflected in a further upturn in Newmont Minin which carried the price up almost 2 points. o BONDS totisands U Aed P 6s 1 Gas & El 65, lfll‘ 10 Brin T & Xt Ry Ciro P & 1 25 Pan B 99 I Ba’h w10 PP s Alozig B A 106 100, o710 ¢ 1036, 5ihs i 1 1 1 1¢ 56 et "0k 1 S Qult O corp ga. 1003 % Kreage (Fdn 0e; . 43 Nev Cony Cop bs St P 10 44 Bue Aires 19 Bus Aires i3 23 Cologno qu e 4 Dangh con 513/ an e SR Zantd rEmm= o WSE.2E 2o e b E SR POTATO TRADING SLOW. CHICAGO, June 11 (®).—Potatoes- Receipts, new. 44 curs; old, 41; total United States shipments, new, 724; old, 228; on track, new, 98; old, 116. Old stock, market steady; trading slow; Wisconsin sacked round whites, 2.75a2.90; ldaho sacked russets, 2.90 23.15; Washington sacked russets, 3.00. New stock, trading rather slow, market steady: Alabama. Louisiana, Oklahoma sacked = Triumphs, 3.50a Texas sack ed Triumphs, 3.5543.65: South Caro- lina, stave barrels, Cobbers, 6.25a6.50; slat barrels, 6.00a6.25; North Caro- lina, stave barrels, 6.15a7.00. V. S. STEEL SUBSIDIARIES. NEW YORK, June 11 ().—Current operations of subsidiaries of the United States Steel (‘orporation are at about 86 per cent of capacity, with independents averaging below 80 per cent, which is considered an unusual rate for this season of the year in comparison with an average of about 68 per cent for the industry a year ago. At that time the steel corpora- tion's subsidiaries were operating at 72 per cent of capacity and inde- pendents at about 65 per cent. PARIS PRICES FIRM. PARIS, June Prices were firm on th Three per cent rentes, 70 centimes. Exchange on London, 168 francs 10 centimes. Five per cent loan, 53 frncs 40 centimes. The dollar was quoted at 34 francs 57 cenllmes GLIDDEN SALES RECORD., NEW YORK, June 11 (®).—Sales of the Glidden Co. in May were $2,321.- 000, largest for any May, comparing with $2,281,348 in May last vear. 46 francs Your Banker Rnows. ‘When in doubt about a security consult your banker, It is equally as much his interest as yours to protect your savings. your deposits—why not trust him with your investment problems? Money to Loan by first deea of trust on v-m interest and com :’Bhlloslllh. W lers28, Wash: We lnve a limited amount of First Trust Notes for sale in denomination $100, $500, $1, 000 AND UPWARD Secured on Real Estate in the District of Columbia Our experience oxtending. over o 'l'hrty five Years insures your protection Pu"zcx gmkwll Co. ribute | You trust him with || | investment Bide. REAL ESTATE LOANS ANY AMOUNT 1 APARTMENT HOUSES 2 0 BUSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT We Wlll l@an at 5}% Economic Conditions Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. M. 475 Money to Loan We making loans secured on well estate, improved or to be im proved by new build ings in the District of Columbia. are located real We are also m tion to refinance expir ing loans. post Mortgage Investment Dept. FlRST MORTGAGFS FOR SALE 6%2% THE TYPE OF SECUBILY CONSERVATIVE INVESTORS BUY In denominations of $250, $500, $750, $1,000 and upwards, on improved real estate situated in the District of Columbia. JAMES F. SHEA 643 Louisiana Ave. N.W. UNION LS T CENTRAL LIFE INS. 0. } Makes Real Estate Loans For 5, 10 and 15 Years YDouglass & Philhips, Inc. 4 1516 K St. N.W. Fr. 5678 BUY Real Estate Gold Coupon Bonds Secured by First Mortgages GUARA'\'TEED By l«l States Fidelity y Company :uo‘n'i FO YIFI D 6% Flus teg, rofyad up to % mills Dercriptive circular upon request CHAS. D. SAGER Since 1906 4 14th Street N.W. Main 36 WE FINANCE a1l classes of income-producing nproperty Large Loans a Specialty Current int. rate and commission Higbie & Richardson, Inc. 816 15th St. N.W. 0dd Lots Carried on Margin Buck & Company —BROKERS— Established 1916 312 Evans Building 1420 N. Y. Ave. N.W. Tel. Franklin 7300 Direct Private Wires to New York WASHINGTON, D. ©C, PSYCHOLOGY| OF THE | STOCK MARKET 4,99 5000 cloth bouod besk writsen by a leading Snancial ssthority. Ask for S. 512 a“ll';“hly“ v FRIDAY, JUNE 11, 1926. Loan In Any Amount on lst—2nd—3rd Trus cial problems. slons and settlements. find our charges tne lowest. 1417 F St. NeW. Open Evenings —C LIFE INSURANCE COMPA TON, MASSACHUSLITS —invites applications for loans on Apart- iment Buildings, Business Properties and Residences. Prompt action on every re- quest assured! BO 1417 K Street—Main 9300 Before An Executor conter with our the administration of Trust Funds. 5129, to 6% SS Z0PHE| PS Founded 1907 Estate Loon Correspondent You Appoint for Your Estate trained _experts it istates and Our Trust Depart ment, with its experience and ability 1s ever ready to counsel, advise and assist you Alexander Woll Trust Department Victor B. Deyber President Ready Money to We provide suitable and satis- tactory solutions for your finan- Immediate decl- You will Realty Loan Ceo. FINANCIAE. W. D. Moses & Sons Established 1861 F St. at Elevenith Furniture BUSINESS FURNITURE ANI) EQUIPMENT Either in Steel or W ood A phone call will bring a representative, at your convenience Main 3770 quitable Co-operative luiltling Ass’? JOHN JOY EDSON, President WALTKR & PRATT, Jr., Secretary Organized 1879 A6th R COMPL) FTPD .....$5,031,814.86 Surplus ... . ..$1,352,719.93 Subscriptions for the 90th Issue of Stock Being Received WE ADVOCATE I I l SYSTEMATIC SAVING —as a means of building up a substantial fortune. Our sys tematic savings plan is being used by those who have an eye to the future and who want to buy homesteads or save money for other purposes. Why not vou join and save with us? 915 F Street Assets Consideration ~in making an investment is the character of the or- ganization through whom vou deal. For nearly 40 years this institution has maintained a position of trust in Washington g business circles %i[ Sundiers Coe Second National Bank “The Bank of Utmost Service” 509 Seventh Street N.W. 1333 G Street N.W. First Mortgage Notes “An Investment for People Who Cannot Afford to Lose” Only the wealthy can afford to speculate—for then, if loss overtakes them, they can liter- ally and financially face it with a smile. But for those people who have a small financial surplus. an investment should be above doubt of safety and surety of yield. Our First Mortgage Notes are secured by Improved Real Estate located in the Capital City of the U. S. A.—a fact that doubly assures Safety of Me- dium and a Guaranteed Annual Founded 1887 1433 K Street—Main 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 Suburb- in Montgomery FOR 3, 5 Houses Business Properties A['{’/J' County, OR 10 YEAR PERIODS 9% ON APPROVED SECURITY Maryland Apartmen Office Buildings BRANDALL H. HAGNER & GOMPANY MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9760 Return of 6}% : 413, 715 and 717 14th St Mortgage Investment Depurtment Main 2345 Over 20 Years Without Loss to a Sinole Imvestor” Our Grain Ticker Service 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. 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 EXCHANGE CHICAGO BOARD OF TRADE NEW YORK COTTON EXCHANGE NEW YORK CURB MARKET Woodward Building Main Floor Phone Main 2040 of a Century Without a Loss DOUBLE PROTEC- TION WITH A SINGLE PURPOSE Every dollar you invest in our safe 6'2% FIRST MORTGAGES is protected by approximately two dollars in sound real estate —preferred property conserv- atively appraised at about twice the value of our Fmt Mortgage. The single purpose of this protection is to continue—for vour advantage—the record, “A Third of a Century With- out a Loss.” B. F. SAUL CO. 925 15th St. N.w. One Year Old Today The Northwest Branch of the Riggs National Bank 18th Street and Columbia Road During the year the banking house oocupied by the Northwest Branch at 18th and Columbia Road has been completely re- modeled and now affords ample lobby and counter space for the convenience of customers. Residents and merchant: the large and rapidly expanding territory served by this branch are invited to inspect the bank and to avail themselves of its facilities. The Parent Bank, with its main office at 1503 Pennsylvania Avenue (Opposite the Treasury), is in its ninetieth year, with resources over $44,000,000, a tower of strength to this Com- munity Braach.