Evening Star Newspaper, June 15, 1926, Page 31

FINANCIAL. NEW YORK CURB MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN. | Spacial Dispatch to The Star. | ~ NEW YORK, June 15.—Oil shares | finally tnok the lead away from other | . parts of the market today, and the | buying in this quarter was in larger | volume at rising prices than it has | hean for months. This. however, did | not mean that the upward movement elsawhere had spent ftself. On the | contrary. higher prices continued fo | he rveached hy various industrial | specialties, but the advance was not | as pronounced as it had been on other days. The epecial operations in Standard | Publishing, the vear before the demand spen: itself. | st helow 20 the price compared with | laxt week's low of 1i. Buying ac-| ~pmpanted reports which have pre valled for some time that control of | *he company was being sought by other prominent publishing interests. NEW_ YORK, June 15.—Following | In an nfficlal list of honds and stocks | traded in on the New York Curh/ Market today | INDUSTRIALS o « Ala_Gt South pf 114 A1 Pick B . LAlum Co nw Al Co nw pt' 9 Ipha Port 'Cem 12 m ¥l vi 2 m ] : urre Sug i Cor. Nip A | Chic Nip B Ti 1 Chinchneld Coal t; Commonwith 78 Common > Consol G Ba! n* 40 Consol Laund 11 Conun Bak A 4A Contin Bak B 1 Contin Bak ur 1 Contin Bak ptd 2 Foundation ¥ A 1% Fox Theaters 4 = im B8 © app € Stor A AP Sior ¥ Hav E & 1l vte H2a Pt i S Fr g ) & Han guisa s Wire Mengel Box : ercannite. St € 1) Met Chain Stor 33 Mat S 2 oo - = Mid W oid Mid W T pe lan M M M o (T shawk Hud Pw P PP EcEy RS i Mot A% oval Bak P nf* 10013 od Wheat n.. 50 —mam—y —=3=i til Share opt % Tmver Pic €. . 'S Rub Redl.’. alkc Mach s iy s i R I Pt » 3 es Esner 10 Eng. Gold M Litd | AN Eureka Croesus 30 Forty Nine M o 8 15 Pirtia it £0.” 2 o 13 Gibeon O1l Cov... AR Gult OV of Pa N S 2 2 i SEPLEF FSERIIEE s Beps met3 & FS » RS RE STE TP IORE hoirt WO b D =i 181 an 1,l i 2200 3BR3E 35 e B nZeRanman e a Be S FoF E ¥ 2 o 24 2, A7h 2 Venezuelan Pel | Warner Quinian | | Wilcox O & G n. Woodlex Pet new 20 ¥ 0il Sajeatn o oo = 3550 PR, . 1383, Qof Fan'nw 38% 00 1 P L. 88 6 ;ano ne Pet r,!-m....,a!vfl. 4% (1 ar10p3,. Washington Gas Lighi—20 at 68%. & at R8Ty i Amer. Tel. & Telga. & | Wardman Park Fotel | American Corcoran Direct to The Star Office Tt ix understood that an offer has heen made for the sale of one of the company’s publications which, 1f ac- cepted. would add materially to the market value of the stock. Transfer of interest into the ofl section came at a time when the market for the most of thess stocks was in a position to respond to any renewed demand in view of all that has heen said about the' outlook for the ofl companies during the remain. | The increase of der of the year | more than 10,000 barrels daily in the latest crude ofl figures passed wun noticed so far as having an adverse effect upon the price movement. | Tropical olls stood out strongly, Carib Syndicate particularly. because of the belief that it would soon he admitted 1o trading on the stock exchange. The upward_movement kept on in Gulf Oil of Pennsylvania and there was special strength in Vacuum, Humble and Prairie Oil and Gas. 200 Nat_Transit 147% P 00 Ohio O T BR Penn Mex Fuiel 0 Oht o 208 ] Ohla pr 1400 Cacuum Oif .10 1 RONDS. " Gas & E) 8a 101 32332325323 1 Crawn W' T 6 2 Cuhan Tel PSP T =533 REETY 2 7 53323558358 P 3! .fl:_ 333333353508533232393320323583353230823233: 23022525 3328532225233 2SR RPDIC S D AB AR I PSR P =33 it 3323223533 232333332: R e 33333353353 e _. ERR230RR223333%: PSS 3353523833228333333383333223 523523R233332333388332235353 S xar FiS B iga A T\fl-r u"" T ORIT ERSSEE e 32 32233332003 300033 3222323252328 3333333 223, 0 25 [2 ¥R 7n. KLy S . SEPREEFREREEETERE 3333935582200 000030n 532 SR Washin?;ton Stock E)_(change‘ SALES. Southern Blds. 6155—3500 at 101 Potomac Flecirie ‘Power pfd.- 5 at 1 684 . 20 Fanston Menaiype—3 at S8%. 3 at R % AFTER CALL. Washington Gas fa '33-$2.000 at 104 %5, 04 1y | 4,000 211 Money—Call Inans. 5 and & par cant. Bid and Asked Prices. BONDS., PUBLIC UTILIT Amer. Tel. & Telga. 4 - el. & Tel. ctl. tr. Anacostia & Pot. R. Ana. & Pe 33329333 3AR3R252333373332R33%; SO RES 32332 ~333350333 . ok T Alex. &MUV B0 Waah. M Ver. rtie. ... Wash® Bait. & Annap 3a’. Washington Gas he. Washington Gas Rs. . Wash. Rwy. & Elec. 4s... . . Wash. Rwr. & Elec. gen. 65 MISCELLANEOUS. D. . Paper Co. M Por: st Srock ia: i 5s.. Sonthern BIdK. 8ian, Wash. Mkt Cold Storage 5a. 5 STOCKS. PUBLIC UTILITY Amer. Tel & Telgs.. ,' Amer Te) & Telga. rta. ';,_Iblll;!"&k']:a .. Norfollc & Wast St it Eotomac E‘v.eef' 1'45._:;"’""" omac Elec. Int. aif - Wash, Rwy. & Elec. o R & e pigm. NATIONAL, BAN] Capital.. . s o & 2935» 32222 » 2333523 3 RIRRImeaT S National Columbia Second e Nat. Bank of Wash. ! TRUST COMPANY merican Security & Trust.. 3 Al Continental Trust Merchants' Bank. SAVINGS BANK. Commerce & Savings........ East Washington. . Security Savings & Com... Seventh Street.. TUnited States | Waskington Mechanica’, FIRE INSTRAN Firemen's National Union.’. 2 TITLE INSURANCE Real Tatate L Title & Invest. Co' Md.'com .. 53 MISCELLANEOUS : , For 5, 10 and 15 Years i1 L ;“c\)oughss & Phillips, Inc. THE EVENING (COTTON STRONGER INTRADING TODAY Covering Movement Con- tinues—Dealings Are Slightly Quieter. By the Associated Press. NEW YORK. June 15.-The eotton | market showed renewed steadiness | early today. The covering movement. which had developed yesterday after the severe break late last week, re malned in evidence and probably was | promoted by relatively steady Liver- pool cables. reports of a good tone in the stoc market and nervousness over the possibility that the prospects for rather unsettied weather in the Southwest would culminate in rains. | although showers in that - section would not he considered untavorable. The opening was steady at an ad- vance of 2 to & points. Active month: sold 8 to 10 points net higher in earl trading, July advancing to 17.71 and December to 16.44. Trading was com- jparatively qulet. The advance met a 1ttla selling on reports of showers in the Fastern belt and expectations of {a favorable waekly crop’raview from the Weathar Rureau, tomorrow New Orleans Quotations. NEW ORLEANS, June 15 (®) Cotton tutures opened steady. July, 16.95 bid. October, 16.05. December. 16.02: January. 16.05 asked: March.! 16.10 asked. The market was fairly steady today, as Liverpool was ahout as due. First trades showed gains of | 1 point, but the market soon sased off. | losing 3 to 5 points. Prices soon ral. | lled, howaver. on the continnance of | the 'dry weather In the Fastern belt.! uly trading up to 17.03; October, 16.12, and December, 16.07, or & to 10 points above the initlal lows. Near the and of the firat hour prices were i tending downward . WOOL MARKET IMPROVES. Spacial Mispatch to The Star. - BOSTON, June 15.—In line with reporta that sentiment is gradually improving In the wool market here, dealers. in Ausiralian offerings were “aid today 10 be asking in some cases | 210 5 cents higher than prices relllndi on recent sales. The good tone at the elosing of the recant London wool auctions has had a semewhat bullish | influence here. Local dealers are| holding prices a lttle firmer. Bids| on medium Ohin fleece woola ahnve current sales have bean refused BUTTER IS LOWER. CHICAGO. June 15 (). Butter Lower: receipts. 22,840 tubs; creamer: extras, 38%a39; standards. 39; extra | firsts. '37%5a38; Arsts, 36a37; seconds, | 33a3 CHICAGO YELLOW CAB. CO. NEW YORK. June 13 (). Chicago Yellow Cah Co. had net profit of $555. 376 for the first quarter. aqual to $1.35 | a share. romparad with $615.853. or a share, in the first quarter of ! . 8 i Have Yon Been Stung Yet® | | Some men have to get stung good and hard before they learn to be cau- | Before | ANY AMOUNT 1 APARTMENT HOUSES 2 0 BUSINESS PROPERTY RESIDENCE LLOANS AT LOW RATES FRED T. NESBIT [Lineestment Kiaz. Ma | S— FIRST MO FOR SALE 6'2% THE TYPE OF SECURITY CONSERVATIVE INVESTORS BUY \ In denominations of $250, $500, $750, $1,000 and upwards, nclr:i i at Makes Real Estate Loans 1516 K St. N.W. Fr. 5678 o st 0l oA Higher Yield from SAFE BONDS CURR!NT offerings of our ™ First Mortgage Bonds com- | bine he strong security of mod- ern, income-producing city prop- | erty with a yield * considerably | higher than the current average return on other classes of high- | grade investment bonds. These | bonds pay 6i% o 10 and are protected by safeguards " | that have resulted in our record | of no loss to any investor in 53 years. Bonds may be reserved | now for July investment. Send || | your name and address on the form below for descriptive ¢ircu- " | lars, and for our two booklets about Smith Bonds. nded 1873 SMITH . BUILDING Washington, D. C.—Main #4684 New York. Philadeiphia. Pittsburgh | Buftalo, Bostoh, Albany, Minneapolis | Name ... Address i i | I} 3TON, We will gladly receive and give prompt attention to_applications for Loans on Washington Real Estate Current rates of inter- est. Should you have Money to Invest we can also take care of you. Our experience, ex- tending over a period of Thirty-Five Years insures your protection. Percy H. Russell Co. 926 15th St. N.W. Money to Loan We are making loans secured on well ‘located real estate, improved or to be im- proved by new build- ings in the District of Columbia. We are also in posi- tion to refinance expir- ing loans, Mortgage Investment Dept. [SHARRON. & TUCHS) 713 1uh St. N Main 2345 BUY Real Fstate Gold Bonds Secured, by First Mortgages Guaranteed By The United States Fidelity & Guaranty Company Resources, $46.000,000 " To Yield 6% Plus tax refund up to 415 mills Call or Write for Descriptive Cirewlar. CHAS. D. SAGER . Since 1908." 924 14th Street N. W, Main 36. | D. ¢, TUESDAY. PSYCHOLOGY THE A 99 pege cloth bound hook written by a leading financial awtherity. Complimentary copy furnished limited sunply laste ¥ Ask for 8. B12 Natjonal Rank in the District of Columbia Travelers ¢ Checks and Letters of Credit COMPLETELY EQUIPPED TRUST DEPT. SAFE DEPOSIT BOXES or' Pay Depositors’ Convenience ~-this bank will remain Open Until 5:30 P.M. | TODAY 3 (ONE. DOLIAR, nr will open a Savings JUNE 15. 1926. Ready Money to Loan In Any Amount on 1at—2nd—3rd Trusts We provide suitable and satis- factory solutions for your finan- cfal problems. Immediate deel slons and settlements. You will find our charges tne lowest. Realty Loan Ceo. 117 F St. N.W. M. 9411 Open Evenings LR (LR 40 I IR L] more, Acconnt National Metropolitan Bank 15! St., Opposite U. S. Treasury COMPOUND INTEREST PAID ON SAVINGS FEstablished 1814 —112 Years Old Investigation Should Precede Investments FAL with a reputable house which will pasitively vou against loss, gnard Insist on a guaranteed fair re turn. to at least Raise vour rate of income 6%2%. We Recommend First Mortgage Notes “They meet the above requirements” HANNON: & LUC Investment Department 713, 715 and 717 14th St. Main 2345 EsTABLISHED 1882 rowers. Pennsylva mills tax, and Ma .The Straus Hallmark $3,200,000 Lefcourt Manhattan Building N. E. Corner Broadway and 39th Street NEW YORK CITY First Mortgage Fee 5%% Serial Gold Bonds Due Serially Semi-Annually: December 14, 1928 to June 14, 1941 TInterest coupons payable June 14and December 14. Bonds in denominations of $1,000, $500 and $100. Title insured by Title Gu interest on or before June 14,1931; at 1 on or before June 14, 1935; and at 102 and interest after June 14, 1936, and before June 14, 1941. Federal Income tax up to 2% paid by the Bor- and Connecticut 4 mills taxes: Maryland 4’4 chusetts State Income tax not exceeding 6% oftheinterest perannumrefunded upon properapplication. MORTGAGED PROPERTY: Land in fee, 161 by 76 feet, on the north- east corner of Broadway and 39th Street, New York City, and the Lefcourt Manhattan Building, now in course of construction, 23 stories in height and 3-story tower, to be finished about Jan. 1, 1927. Land and completed building are appraised at $4,225,000. Completion is guaranteed, and is expected in December. EARNINGS: The building already is 80% rented under long term leases. On the basis of these leases, net annual rental earnings are estimated at $575,000, more than three times the greatest annual interest charge and more than twice principal and interest requirements. LOCATION: The location, on Broadway, three blocks from Times Square, with unsurpassed transportation facilities, of this type, especially planned for the women's garment industry. OWNERSHIP: Title is held by 1412 Broadway, Inc., owned'and con- trolled by the interests headed by A. E. Lefcourt, who also own four valuable properties on Broadway and eleven elsewhere in this neighbor- hood. Mr. Lefcourt and. his associates have had long and successful experience in the constriction and operation.of buildings of this type. 'PRICE: To yield from 5.65% to 6.00% according to maturity. We recommend these bonds for investment. Write for circular describ- ing this issue in detail, and ask for CIRCULAR 113-G real estate security. S.W.STRAUS & CO. v INVESTMENT BONDS 929 FIFTEENTH STREET Telephone Main 5847 WASHINGTON ntee and Trust Co. Callable at 104 and and interest after June 14, 1931, and on a bond stamps it at once as the premier ideal for a building INCORPORATED ’ 44 YEARS WITHOUT LOSS TO ANY INVESTOR NCIAL, W. B. Moses & Sons Furniture Established 1861 Carpets Linens Upheldtery BUSINESS FURNITURE AND EQUIPMENT Either in Steel or Wood A phone call wili bring a representative at your mn"flrh“ 770 A Healthy Bank Book the Best Recommendation With business mem and firms when considering s .person for s position for promotion—a well- thumbed bank book is often rec- emmendatian enough. This Pay Day would be a good time-te start vour account. Second National Bank " “The Bonk of [tmest Service” 509 Seventh Street N.W. 1388 G Street NW, SECURED PRINCIPAL; ASSURED INTEREST The protection that secures vour principal is real estate of established value—the man- agement that assures your in- terest is seasoned by a third of a century’s experience—in our 6',% FIRST MORTGAGES A Thivd of a To the investor desiring safety without question, and interest vield without interrup- tion or variation, we extend a friendly invitation to come in and discuss these safe securi- ties with us. Century I éthout a Loss B. F. SAUL Main 2100 T8Yi78\0/8' 08\ ./8. 8 s 235.000 Beople are Investors In the Organization Behind This Preferred Stock— Now Yielding About 7% When vou invest in Cities Service Preferred Stock vou put vour monev to work in an organization along with 235.000 other investors. including banks. insurance and trust companies, and many other institutions. Investors are attracted to Cities Service Company Preferred Stock because it has. to a marked degree. the three qualities which experts agree are essential in a sound investment : Safety The Cities Service organization has total assets of $609,000.000. which include values of more than §250 protecting each $100 par value share of Cities Serv ice Preferred Stock. Cities Service Company earns more than three times the amount required for its Preferred dividends Satisfactory Yield When vou huy Cities Service Preferred Stock at ite present price you get a substantial yield of about 7%. Marketability Cities Service Preferred Stock can be nuickly turned into cash. Its market price is quoted in daily newspapars and it is handled by banks and brokers throughout the country. As an owner of Cities Service Preferred Stock. vou get this valuable combination of safety. ready mar- ketability and excellent yield—about 7% if you buy at the present price. Thomas W. Brahany . & Company 803 Wilkins Building Thomas W. Brahany y 803 Witkina Main 6189 Name ...oceme ciiteacnconrnnccnacese. oS Address ..