Evening Star Newspaper, June 14, 1926, Page 29

FINANCIAL, THE EVEN'IING _STAR, WASHINGTON, D. C, 3 HEAT AND RAIN AID | CROPS IN VICINITY Higher Temneratures Liké|v% to Bring Down Egg Price in Center Market. A few growers w weather. Now satisfied with a tempera e. " ‘But_ Saturday’s run and ‘yvester- day's warmer weather had ‘an ap: preciable effect upon growing crops.” was observed by a nearby trucker morning. “Corn started growing in le: bounds,” he add nd tomat tatoes and practicslly all other ing vegetables were pushed imoring for entiy ping of 1lon: 3 down the price temperatuge will br the weather is of eggs. ‘Dealers warm iin(vuxh to make the eszs wa- tery and untit for storing, and when storng ceases, it is stated, there will be many niore ezzs on the market. Losses From Candling. Increased losses from candling will effect the market 1 urging formers to exe: in the collertion o. their henneries in an effo to supply the trade w.th uct. The Department of Asriculture also is deeply interested in market and its inspectors hope fewer condemnations will result from extra care farmers are said to be tak ing, Hot weather a the poultry market, m dving in transit. The we vet hot enough to affect pou ever, and dealers hope in the Summer will not cr many chickens into coops and cause suffocation. Today's pri commoditieg were reported at quoted at the close of last market. . s more care has Market Prices Today. Butter—Fancy, one-pound prints, | 46247; tub, 45246, Eggs—Fresh, selected. nery. 33a34; current receip: Poultry, alive—Turkeys, broilers, 40243: Plymouth ers, 11 to unds, 43: smaller. 42; white Legho 35a38: fowls, roosters. 20: ducks. voung. 20 keats, - younz, 70a80: old Dressed—Turkeys. 35a38: broilers. 55; keats, young, 90a1.00: old. 40a Live stock—Calves, choice medium, 10all; thin, 6a7: hogs. he: and medium, 1312 light, choice, lambs, 17. Meats—Beef, veal, 20a22; dr pork loins, 35a35: Western hams, - 36; shoulders. 24 hams, 33a35; fresh shoulder: Fruit and Vegetable Review. Today’s market report on fruits and vegetables (compiled by the Market News Service Bureau of Agricultural Economics) says: B Cantaloupes—Supplies liberhl: te, market firm: Cali- mon Tint: 4“'1 32; 17a18; lamb. ed pork. heav 34a. 30a32 fornia, Tmperial Vall standards 36s and 4 mostly 3.00: jumbos, a3.75; few Honey Dexw 125, fe Lettuce -We: mand moderate, m fornia, o Iceber mostly . $.0024.50. Onjons—Supplies moderate light, market steady: Te: Yellow Bermudas, U. 5 ome ordinary condition. ia. standard crates, Yel- I»n:'\' Bermudas. U. S. No. 1, Pemhe\f\um mand moderate. 65, Unee: Carolina, Potato demand 1 150-pound S. No. 1, plies libe’ ket stea lina, cloth- U. 8. No. ordinary eloth-top s plies light demand 10 enl old ht, lng (hfi mark moderate: der steady: 32.qu ties, mostly 5 Tomato Market Steady. lizht; dem “choice and 00a1.50 fanc count pooyer, choice 2.00a3 00. el cleaned up. Cabbag supplies practically arown type, 2 Aspar: mand limited, weather: D bunches, st E higher: medium size size, mostly 3.30; 4.00a4.50 Peas—Supplies to_establish mar String bear mand moder South green, tion, hamper few hig 50 5-peck hamper: Squash—Supplies moderate, market firm lina, bushel hampers, white. mostly 1. Cucumbers demand weaker: 7-8 bu &tock. South fancy, 1.50: tion, mostlv bushel hax Blackherrie demand moder North Carolina .50, best mostly as 3.00. Corn—Supplies good. mar baskets, 2. Betore You Invest—Investirate, It's queer how careful » man can be after he's lusi Lis money. 'Abe Martin says man who ‘Is not satisfied with per cent money are svon Nl‘ted PARIS PRI CES IMPROVE, PARIS. June 14.(®).—Priges jm- proved on the Bourse Thiee per cent rentes, 46 francs 45 centimes. Exchange on London. 173 francs 80 centimes. Five per cent loan, 51 francs 60 centimes. The doilar was quoted at 85 francs 49 centimes. Supplies market Norfolk slish section. Carolina. steady 4.00a 4.00; poorer, moderate: v: Texas, biishel ¢ higher. ZELLERBACH PROFITS. NEW YORK, June 14 (#).—-The Zellerbach Corporation had profitable operating results in the year ended April 30, net earnings amounting to | $2,156,274 after all charzes, equiva- lent to $35.93 a share on the outstand- ing convertible preferred stock. Earn- ings carried to surplus were equal to $2.80 a share on the common. The ocompany’s only current indebtedness owas $300,000 in bank loans. Cash on hand-was $9§0,680. = - de- | fow | 3 i demznd and his | ago hoth dealers dnd‘,,u i It is deeraed probable that higher | HSh! the egg | the ! broil- { de- | few sales, | moderate; | | i NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office ¢ Qusine EReE Pxwe o Do companies. Expand- NEW YORK, had been conter business & gene sharp, « titled to Those who r the close of | + in the can teo en nuturaily he refiect d veturns to stockhold- peared to offer favor- | : T | mprovement stood out | Bond Shave secur | Investors came mJ United rongl) ties or o Among th e % |common and Old jpreferred had an-f wther of thefr charactevistic move ments, hoth ing 3 pointy, although | there were new develon to unt for the upturn respoRding to the an lena Signal end provit and it iside public had s come in on the led & prominent |\yuq . b thesbig ghat <be made 5| the Kin 5 Okia." I8 expectéd Thursday, place in o | IU[]TTUN 1S STEADY - IN'TRADING TODAY Cpening Unchanged t0..h Points Up—Fluctuations | By the Associated Press. futures ©ctob uary, {'ket ‘Was steady to erally on | ativel with an act e same cat hich were res, sed dividend les figures for \ iin Stores was other and veached a new high | New on the present upturn profit-tak The public was paving more atten- ! tions. dividend of . representi m the Saturd: Zine was lower but these were and | | hands at | points _f an sh u excep- | W YORK. June R npf wi Fruit " nes 8008 8 X ¥ ew i 108 0 Ohio 105 O Obio b 900 Vacuum Oil 5 sl about Offe ed up w restri | weather fair] | selling 0, er. NEW ORLEA on point lsveatner 0od Ruhher 7s &G it Sroty gl & Hard pf1 Ind Ravon Cor A |1 Intern” U1 B i Servel 34 Sehuite fn; 1 Sou Gai nzinmm,u 2 O N Y 3 Seats Mot 145+ Sun' O M}’. Swift & Co 5¢ & F S n T onia g ' K Buen Air 7 KX Buen_ Air 7 SRICE % 1B CE 8igs 1 C; aldas 7ier R4 Cologne By« Fur M & I Gr Cong El 6145 4 hiv T i RR v P 2 Sou P )0 Sou P & 13 Southw Beil of. a3 17 Wea tn e Heaa B0 WALL NEW YORK. June 14 (®).—Retall | sales by General Motors dealers to| the public in May established a new high Yecord. amounting to 141,631 cars, compared with 136,643 in April | and 106,051 in Mar Each of these three months has made new high records over the corresponding months of preceding vears, while | each also established new high rec- ords for any month in any previous | vear, A new corded for 1926, retail tand Sanitary M utz Motor it Tutl Swift & Co Tampa = el i P&L vie r Plo 0 Tni Sh Mie S Grpsam B Auto Da P vi " Oil vt White ' & Ve Taxi & MIN' Carnegie Metals Con Cop Mines.. d also was re five months of veaching 503.014 | cars, against 320,496 in the same period of 1925 and 315,084 in 1924, Sales by manufacturing divisions to dealers in May were 120,979, com- pared with 122,742 in April and 113,- 341 \in Mar and for the first five months 524,707 cars, against 318,121 in 1925 and 320,115 in 1924. high rec the first sales Copper Cor Cornelia Min Profits of Hudson Motor Car Co. for the second quarter are, estimated in the neighborhood of ~§4.300.000, which, with $2.700,000 for the first fiseal quarter, will make a showing of £7,000,000 for the £ix months ended Tay 31, equivalent to $5.25 a share on 1,330,000 shares outstanding before | the 20 per. cent stock dividend. ew Newmont N 3 zZine 7 Prem Gold, M. o Am G & P \carhead * Goid, iz Hushes ol0 Beimont Bullion ... . hi East Min. ni Verde Ext. 1Utah Avex 2 Wenden Cop Sales INDEPENDENT OIL STOC in hundreds, 10 Allen” Ot 38 Am Con_ il 17 4m Mazacaibo © con- 011 . ardingl Pete Carih Svnd The Afmerican Polish Chamber of joint stock association has | been organized in Warsaw, under the name of Polish Radio Co., rights of construction and operation lof radios throughout Poland. charge Is made for the broadeasting service, ranging from 30 to 150 zlotys annually, depending on the location of the receiving sets, pavable to the Polish Radio Co. by all residents of | Poland in possession of receising sets. {a new Industrial production in the Soviet Union in April broke all monthly rec- ords since the revolution, it is shown in statisties received by the Russian Information Bureau. ~The month’s production was 3.26 per cent greater than in March and 50 per cent more than that of April last vear. This is the first time in four vears that the | April output exceeded that of March. Industrial production from October 1 to May 1. the first seven months of the Soviet fiscal year, the report said, showed a gain of 45.6 per cent over the previous corresponding: period, fold Oil Co. . Gibson Oul Cor.”” = Guif Oil of Pa 5 Kiroy Pet & Leonard Ol 2 Liow Oil . p Mex Panuco .. 5 Moun; Prod % Ncw Bradford 0. 3 N Bex Land. ., £ Penmok 0Nl Corp @ Rel Bank Oil 41 Reiter Foster Of1 Con O Con. 3 Clk Cona. a8 St Ck Prod 1 Savoy Oil... .. 15 Tide Water 2 Tide, W Dosmin EYS ety e Roy Ryan 5 Salt Commerce and Industry reports that | with sole | Al of ralliec GRAIN AND FRODUCE. BALTIMO} Potat eggplants, ushel, “pring mper. 0a3 <hes, 00a3 Apple: al.5 cantaloupes pples Wh spot | garlick Cor rel 8 pe | spot. 69 Oat. No. 3 Rye exy Hauy— previ hetter no o | poor overlooked Quc 3.00; ctive montl nominal clover clover timothy. MONDAY, JUNE 14, 1926. WILL FORECLOSE. Proceedings to Be Against J. L. Mott Co., Trenton. NEWARK, N. J. June 14 (®).— The Guaranty Trust Co. of New York | today was authorized by Federal| Judge Rellstab to institute foreclosure | proceedings against the J. L. Mott | Co. of Trenton on a mortgage of | $2,000,000. Claims filed against th company amounted to $3,800,000. The Mott Co., manufacturing pot- tery, has been in the hands of re- | cefvers for some time. Approximate- Iy one-half the amount of the mort gage which the guaranty company | as trustee was given permission to foreclose is held by the estate of An drew Carnegie. ' Business Better During First Half Than Predicted By the Associated Press. NEW YORK, Juhe 14 -vfluilnflfls during the first half of the y has been as good , or better than, most predictions at the end of 1925 Net earnings of the prin- cipal railroads, large industrial companies and leadin, chain store and mail order houses are running well above last year. Building construction has been maintained in r elatively large vol- ume and the sensational collapse predicted for severa! land booms has failed to materinlize, although one or two large orida projects “hava run-into difficulty Beveral of the leading oil and motor car companies -have broken all earn ings records in the fi six months Instituted ! | i About Balanced. " YORK, opened er, 16.28; 16.19 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY June 14.—Cotton steady: July, 17.54;] December, 1 Jan March, 16.33, The mar- ay With prices gen. unchanged 1o 5 points highgs in respon & ering, HELENA, Mont., June 14.—Both| calf and lamb crops in Montana have | been better than normal this year, and range conditions are 101 per cent of | .normal today. Lambs are sturdy and ! are developing well, and movement of stock to forest reserve ranges is heavier than PHILADE of coal trucks to retail dealers in and around Philadelphia would seem to in- | ate a sharp advance in coal de-| nd, but coal men say this is the| Yesult of past profits due to sales of titutes for anthracite at high prices last year rather than to pres- ent demand trom householders. DETROIT. cember bout 4 10 8 points the bulge met renewed on the favorable view of over| * weather tions, continuan for the next increasing 7 d prices off as the initial | ® d been supplied and the < 110 hetter than steady the first hour, July 5 an 0 & points ne ings incros > report of t domestic 516,758 bales for last year, but the again late the d covering. Trading re tively quiet, wifh the 1 by continued nd crop news. eady midc around 17.60 about 5 1o Canital Tractio ferw crop e 0 at 633 | ase pid=-10 at AF 1 Rwy ER CALL & Eb = 15--31,000 at | 40 at &1 0 at 10213 & Invest. nid umptc Mav, against arket firm. | —The latest reduction in Hudson-F sales prices has not only brought quotations to the low j est point in the company’s history, but the end of a five-and-a-half- nmmh period in which all sales rec- 1 were broken and which were = ahead of the corresponding period of 1925, Sales of General Mo- | tors to dealers so far this year have exceeded those of 1925 by 205,586 cars. o Rwy'& F b Gas Gs R 1y il it —$5.000 at 1 sex L& 6815 Moacy—Call loans, Bid and Asked Prices. BO'\[)S UBLIC UTILI] 5 and 6 per cent and December 5 10 points met New Orleans Quotations Tune 14 () LAND. — Improvement in int industry is reported by both | Glidde and Sherwin-Williams had the largest May's . and the final week s lht' best Sherwin-\Willlams d in that month. NEW POWER LINE. NEW YORK, June 14 (®.—Con- struction of a new 66.000-volt trans. mission line which will complete a superpower line from Wisconsin to | Kentucky was made known in con. nection with public offering of $1,230.- 400 Central Illinois Public Service Co. first mortgage and refunding 5 per cent bonds at 96 and interest, vielding |51, per cent. The new line will extend | from Muddy power statfon, near Har | risburs, 111 north to Olney. about 85 | | miles, where connection will be made | with "the 66.000-volt line extending | . |from Olney to Effingham, about 40 | miles, | the futures | the October, 15.90 open 15.0): Dorember. March, 15.91 | first trades showed zains of | but only 1 to 2 Prices soon | Was renewal favora . Balt. & but 1 indications of un: srou.s PUBLIC UTILITY (Special). oes: sunds, 2.60a | 3ort 00a6.00; | Potomac El Wash. Ruy beans, | wagh. Ruwy hamper carrots, & NATIONAL | Capital.. bia ctal DAIRY PRODUCTS. BALTIMORE, June 14 (Speciall.— Poultry—Live springers, pound, 30a 45. Leghorns, 25a36: old hens Leghorns old roosters, : old, 15a23: guinea fowl, old. 40a50: pigeons, pair, 30240, Receipts, 617 cases: native | by fresh, dozen, offered at | 5.00a7.00: crate, 3.00a6.00 lettuce, hasket 100, 1.00a tom: 1 140, onions 1.0022 spi 100, on & Mechanies Ameriean o 11 Metiopolitan Wishinkton T COMPANY Bank o g Butter—Good pound, 40ad3iz: ladles, 32a33; store { dairy " prints 0: 5a36: rolls fancy prints packed, process to creamery, 43168455y 29a30; butter, 0: quart 1.0083.25; selling P eat—N. ter, domestic, | red Winter, | EARNINGS INCREASED. NEW YORK. June 14 (P).—Stock- | | holders of Universal Pipe and Radia- tor Co. have been officially informed |that net profits for the -first five | months this r exceeded $425,000, which is four and w-half times the | earnings for the same period of 1925 |and one and three-quarters the earn- ings for the entire year 19%5. Louls | | Ladoux. treasurer, stated that con- | sidering shipments to date in June, earnings were sufficient to cover pre- ¢erred dividend requirements for 1926. COTTON CONSUMPTION. Cotton consumed during May total- ed 516,758 bales of lint and 59.754 of linters, compared with 575.799 of lint | and 61,952 of linters in April this year | and 531,668 of lint and 61,272 during | May last vear, the Census Bureau to- | | @y announced. BUTTER IS LOW'ER CHICAGO. June 14 (®).—Butter ! Commarce & Savings 2 | n 3.65 per st Wa | + Bushel export | Wasn +—No American ene tional Unién TITLE Columbia Tit Real Ertute fe & Inveat. Co. M. com MISCELLANEOUS Paper pfd Sto. bushel, No.1 X tions 12, What demand ils for hay is centered th descriptions of timothy, 1 mixed and timothy > nd hay. Of these types there is versupply on the market, but hay of all sorts is i ' INSURANC ¥ | D. ¢ | | Fedes 1 i | \ \ ations. per ton, today b id 0a26.00: No. 3 No. 1 light clover mixed. No. 2 light clover mixed. | No. 1 clover mixed, | 1 clover, Natl. Mtge. & Invest | Proples Druz Stos CLOAK AND SUIT SALES. NEW YORK. June 14 (#).—Sales of | National Cloak & in May declined | to $2.691,280, compared with $2.813.615 | lower: receipts, 20,446 tubs: creamery |in May last vear, and for the first five | extras, 39%: standards. 39: extral Bar { months of 19 £15.564.105 from | firsts, 38a381;; firsts, 36a37; seconds, | 503. 17,202,886 a vear 33a341; BAR SILVER PRICE. W YORK. June 14 (®) Mexican dollars, The enduring character of a Face Brick home, its never-fading beauty, its substan- tial construction, and its fire protection, make it the most economical home you can build. Building costs and actual savings - effected through reduced maintenance ex- penses are analyzed in our booklet, Hy= tex Brick.”” Ask for a copy. The Standard of Quality in Brick VERY year more and more home-builders build ‘Face Brick homes, because they realize that Face Brick gives them the biggest value for their money. If you are thinking of building with Face Brick come to.our Exhibit Rooms and see the many beautiful wall sections laid up in Hy-tex Brick. A Hy-tex man will answer any ‘questions that may be in your mind and dis¢uss your building project with you. This is a part of _Hy-tex service to the public. A visit incurs no obligation. HYDRAULIC-PRESS BRICK COMPANY «Member, American Face Brick Association COLORADO BUILDING WASHINGTON, D. C. The cost of moving the British Army of oecupation (’nm%\ Cologne to Weisbaden was about $800,000, . o900 S5 FERTES FSPES atg 3 Warner 5 Wilcox c:sgz new 1 t new 1i 80 FORETL BE3 B LEADING CREATORS OF COLORS AND TEXTURES IN FACE BRICK ) lien. | give the amount {outstanding per |are extreme laccount. FINANCIAL. * MARYLAND TOBACCO. ‘Receipts show lncune—?flces Are Holding Firm. Special Dispatch to The Star, BALTIMORE, June 14.—Receipts of Maryland leaf tobacco showed an increase last week, as compared with the previous week, totaling 331 hogs- heads, while sales also increased to 348 hogsheads under an active da- man for mearby all grades; prices are holding firm with cents 3 pound as the top price paid to date Crop prospects in Maryland are good, as due to roing about half of the 26 crop has now been set out under 11 conditions. EVERYMAN’S | | INVESTMENTS | | BY GEORGE T. HUGHES. Advantage in Seasoned Jssues. The security back of a morigage | bond is the property on which it is a | The investment rating of the| bond depends upon the margin in the | [ value of the property over and above the amount of the loan. This is a self-evident principle in a real estate | mortzage. If a piece of real estate | is worth $100,000 and there is a mort- | ge on it for 50,000 the loan is only | 0 per cent of the value and would | considered conservative under al-| | most any condition ke A R Apply this measuring rule to r.ulf! Mkt P iorace s | road bonds. Technical descriptions of [ 10 totals 8218 hozsheads of leat raflway issues secured on milegage | (JUAT00, anG vajuss are well mein. of mortgage bonds | [ANG0 At the e oo, T calirend | . Interior and frosted veriations " fn¥ rallzcadl_o/(GS"or ANd frosted. nemilead (40 mortgages in thi et:, Sonsiatel fpgls 295nd comman and grEeiish outstanding to very large and some | 50" UL Boof (sommon. 16008 to very small amounts S U B In one particular, however, all the 4 4d b b ihie i seconds, common to medium, older railroad bonds have this especial seconds, good to fine, claim to investment consideration and that is that the mileage on which | Ll “’P_C“"sd- there are mortgages was built in pre. ELOUNCHIERY Cu CRRTEVAAS war t.umes and at pre-war prices These railways could not be construct- ed now for anything near the amount they originally cost. This gives these old" line raiiroad bonds a unique standing, a point too often overlooked Many economists believe that the trend of commodity ces over the longer perfod now lownward, but it will be many years hefore costs get down to anvthing comparable with | those prevailing when these railroad bonds were sold to finance construe- | tion. Without attempting to dispar- | age new offerings. seasoned issues should not be overlooked by investors to whom security of principal is the first essential One other point applicable to rail- | way bonds is deserving of notice. Tt | a is very unusual for a railway bond | fully «steady; issue to be paid off at maturity in|loads of Kunsas fed steers scaling any other way than by use for the| 1,298 to 1,349 pounds. 10.65; a part of proceeds of a refunding aperation, |these on a special order; fat she stoci Sometimes the condition of the money | Steady; more grassy cows on salef market makes it necessarg for the | bulls strong; vealer, 10.00a11.00 most- road to pay a higher rate of interest [ ly; few up to 12.00. _ on the new borrowings and sometimes | Sheep—Receipts, 15.000 head: fat it can refinance at a lower cost. Con. |lamb market practically at a stand ditions are more favorable now than | still; early bids sharply lower, with t any time in the past decade, but | increased sorts demanded: best native he roads that did the bulk of their |lambs held around 17.00: practically no orrowing in pre-war times are in a | vearlings on sale: outlet for fat sheep very strong position and their securi- | narrow. tendency weak: few early ties are the more desirable on this|sales native ewes at 6.00a6.50, about stead firm leaf, 4.00 5.00240.00; 00a26.50. CHICAGO LIVE STOCK MARKET CHICAGO, June 14 (United Statep | Department of Agriculture).—Hogs-p | Receipts, 45 ad; mostly 10 10 2y lower: show minimum, | decline: bulk able, 210 pound# {down, 14.50a14 tical top, 14.70 majority 240 to 32 und butche: 3.85a14.25; packing sows, largely 12.60212.80; sorted killing pigs. 14.50a 14.80; heavy-weight hogs, 13.65a14.30 um, 14.00a14.65; light, 13.85a14.70; 5414.50; packing Sows rter pigs, 14.25214.8 22,000 head: fed mostly steady: de including heifers strong; several steer trade unever sirable vea Equitable Co-operative Building Ass’n WALTER S. PRATT, Jr., Secretary 46th YEAR COMPLETED Surplus .. .$1,352,749.93 JOHN JOY EDSON, President Organized 1879 Assets .$5,031,814.86 Subscriptions for the 90tb Issue of Stock Being Received SHARES $§2.50 | PER | { MONTH Roo s orsudaendd Il THE VALUE OF SYSTEMATIC SAVING in the Equitable the fact that hundr, stantial fortunes, and saved mon higher education. with these happy You'll be than for their children Why not you n stematic <avers? a few years hence. 915 F Street jc . 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 5% ON APPROVED SECURITY Apply RANDALL H. HAGNER & GOMPANY, MORTGAGE LoaN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9760 6:%- 1% Reservations Accepted Now for July Investment Apartments Office Buildings Houses Business Properties INVEST your July funds so that they will give you a definite, dependable income of 634% or 7%. Invest in Smith Bonds, which give you the protection of safeguards that have resulted in our record of no loss to any investor in 53 years. We now offer several desirable new issues of 6357 and 79; First Mortgage Bonds, secured by modern, income-producing properties in Washington, Phila- delphia, Pittsburgh and Buffalo. The bonds are sold in $1,000, $500 and $100 denominations, and you have a choice of maturities from 2 years to 10 years. You may make your selection now as to issue and maturity, and reserve the investment you want for delivery in July. Send your name and address on the form below for descriptive circulars, and for our booklets, “Fifty-three Years of Proven Safety” and “How to Build an Independent Income.” THE F. H.SMrTH Co. Founded 1873 SMITH BUILDING: Washington, D.C.--Main 6464 PHILADELPHIA PITTSBURGH NEW YORK BUFFALO ALBANY MINNEAPOLIS BOSTON - NO LOSS TO ANY INVESTOR IN 53 YEARS