Evening Star Newspaper, June 18, 1926, Page 31

“mand for the week end .and medium, FINANCIAL, MARKET REFLECTS | COOLER WEATHER Growth of Vegetables Re- tarded—String Beans Are in Heavy Supply. Fffects of the cool weather arve re. flected in the vegetable market, truck « saving growth of vegetables is re rded by the cool nights. Heavy plies of string beans from North and South Carolina and the Norfolk. Ya.. section. however, have made it nossihle for dealers to offer this vege 1able in place of homegrown stock, which is not so plentiful Homegrown peas. not plentiful, were quoted af $9 a barrel. Light ceipts of potatoes, hoth old and new prevented cheaper prices. Receipts nf asparagus were reported light and there were moderate supplies of corn, cucumbers, lettuce and onions. Retailers were in evidence at Munic ipal Fish Market early this morning. zetting supplies for the dav's trade. | Meats and poultry were also in de | trade, most supplies of fruits and vezetables for | such trade belng purchased Saturday | morninz= Prices quoted this morning on food stuffs were substantially the same as | those quoted yesterday. Market Prices Today. Rutter Fancy, 1-pound prints, 46a | 47; tub, 45a46. Eges Fresh, selected, 3ia32: hen nery, 33a34; current receipts, 30a31. Poultry, alive —Turkevs, 35 Spring broilers, 40a43: Plymouth Rock broil ars, 113 to 2 pounds, 46; smaller. 4n. white Leghorns, 35a36: fowls. roostars, oung, 20. old, 15 22 dueks, 3 : keate, voung, 70a%0. old. 3340 Dressed—Turkeys, 35a38. hroilers, 4%a BN keats, young, 90al.00: old. 40a30. Live stock—Calves, cholce, 12; me dium. 10all: thin, #a7 hogs. heavy 1313: light, choice, 15; lambe. 16 Meats—Beef, 17a1%. lamb, 34a37 weal, 20a22; dressed pork. heavy. 1% Dork foints, 35a36. Western. 30a3? hams. 36. shoulders. 24a5: fresh hams, 33a34; fresh shoulders, 25. Fruit and Vegetable Review. Today's market report on fruits and vegetables (compiled by the market news service, Bureau of Azric iral Economics) says Cantaloupes—Supplies moderate: de. mand moderate: market firm; Califor nfa. Imperial Valley, salmon tints mandards. 38s_and 43s. 3.00a3.50: jumbos, 4 3.75a4.00. flats, 12s and 158, 1.25a1.30: few fine qualitv and condition salmon tints, siandards, 8e, 3.7524.00 jumbos, 365, 4.25a4.50; fate, 125 and 13s, 175 Lettuce — Supplies light. demand slow. market dull: California. crates iceherg type, 4-5 dozen, 3.00a3.50. few higher, New York, 2-dozen crates Big Boston type, few sales good quality and condition. 2.00. homegrown, 2 dnzen crates Big Boston typs, 50a1.00 Onions — Supplies light: demand light, market steady; Texas, standard crates Yellow Bermudas, U. S. No. 1, 1.85: some fair quality and condition, 1.50. Peach Market Steady. Peaches—Supplies light: demand limited, market ateadyv: sales direct to retaflers; Georgia, sixes, Carmans, 4.00. | Potatoes—0ld stock supplies light: twn few sales to establish market: new stock supplies moderate: demand moderate, market steadyv: North and South Carolina. cloth-top ave har- rels. Cobblers. U. £ Nbo. 5.50a8.00; few fair condition, 5.00 Strawberries—Homegrowns supply- homegrown demand | n steady. 32-quart erates, large varieties, 550a6.30 Tomatoec—Supplies moderate: de- mand moderate, market steady. Mis- eissippi, fou ripes and turning, wrapped, some green, 165al.85 Tatermelons —Nn earlvy sales re ported Cabhage—Supplies moderate: de- mand moderate, market steady; home grown. barrels, pointed and round 0az 5 Beans in Supply ! Asparagus—Supplies light; demand Nght, market steady; Delaware. crates, large size, 3.50a4.00; medium size, 2.50 23.00 per dozen bunches. | String beans—Supplies liberal: de- mand moderate, market _slightly veaker: North Carolina. bushel ham. pere, green, 2.50: K-peck hampers, 122,75, few 2.00; Virginia, Norfolk c1ion. h-peck hampers, green, 2.75a mostly 2.00. Suppiies light: demand mod- market steady: homsgrown, arrels, £.0022.00. - cumbers —Supplles moderate: de mand ligkt, market steady. South Car. nilna. hushel hampers. faney, 1.i0a 1.75. choice, 1.00a1.25; Virginia, Nor folk ‘section, hothed stock. 7s-bushel hampers, faney. 3.50: choice, 2.00. Rlackberries—Supplies liberal: de- mand moderate, market staady: North Carolina, 32-quart crates, 3.0024.00, according to quallty and eondition Corn—Supplies moderate: demand moderate, market steady; Texas, busehel baskets, 2.75a2.85. OIL SAND IS FOUND. NEW YORK. June 18 (). -Lyon Ofl Refining Co. reports discovery of a fourth producing s=and in Smack ever, Ark., at more than 2,700 feet. | where the company has 800 acres. The Alscovery wall is making 400 harrels daily. ‘eas | DIVIDENDS. Perind Rate Stock nt record June 13 ) Juls 18 June 12 ‘June 28 June 24 June 24 June 18 June 13 Juiy 1 Juls 1 Julr 15 July 13 July 15 July 13 Julv 15 Tune 23 June 14 June 30 AT o $3505 FARAN TS B S5 FEopeti 333 nt insurance Endb)» Steel. of Bl Opf = 8- =, i 233 am'ton mbert Co Yon O & Ret NafEaa R0 Fae NE_Ipv NY Trust Co Berr oo o1 8 Roval ot Rep R &L of O STG&E 7™ pf 8- Do 8% of T, Allos” Stesi (3 . Tinited Verde T'tah G&C € of Do. pUDL.. . vivaudoy ¥ Wash 0 C new west Air Br... Q Ex Do. 3 Wrigley Jr Co. Mo Po. ...... Mo Mo I Mo 1) P 000200 i 2 EXRRES Jui June 10 June 30 Juls 10 ¢ June 18 June 30 “June 24 June 24 June 26 June 20 July "8 Tune 15 June 18 Juls 1 Tune 16 June 30 June 30 July 20 Aue 20 Sept 20 Oet 20 = no > @ A pARAAN 128 > p22ann 8.2 > SEEEEEEEES iaidiaiiat PR b ® jais Your Banker When in doubt about a security consult vour banker. It is equally ay much his interest as yours to protect your savings. TYou truet him with your depoeits—why not trust him yvith your investment problems? | traded THE 'NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFER N. velopments were pending concerning the leasing or acquisition of at least NEW YORK, June 15— An active | 1h¢ 1% sompany’s for de strength in a number of industrial | v PPIER BRROTIG | el 18 specialties and further upward [ \2¥ o oo M patraleam came in movement in the prominent public | TIGEn R T Wilcox Oil and € utilities were the outstanding inci- | pion AT WL SHele A block dents in today's dealings on the Curh | §5Q JIO0C G0 T st 2 point Exchange. hizher. at its. best iprices #io; ‘far Operations for the rise were not as | reached. AgRressive as they had heen earlier in | Tha up-turn in Centrifugal pipe the week. In some quarters the be- | was a natural sequence to the recen: lief prevailed that in view of the re cent improvement the market was en titled to a technical reaction This feeling served to hold back new huy ing and at times the market hecame comparatively dull. No weakness de veloped, and when it was realized that the selling which came ints the | market was merely for the purpose of taking profits, operations for the rise were resumed. Chief interest tered in Sonth several of the s and for of Stock Exchange, in view of the fact That the company stands to henefit by increased operations of cast iron | pipe through the use of the Delavaud process. A large block of Newmont Mining changed hands at 56, buying apparently reflecting the better tone to the copper metal market. H. Nel son, selling ex the 30 cents quarterly | dividend, sold at a new top, more than retracing the amount dedi from the selling price. The upward movement in utilities was led for a time by can Light & Traction, which gained 5 points before profit-taking made itself felt. United Gas & Improve ment and Midlewest Utilities were prominent at hetter prices in the oil group cen American groups and . called independents, while standard issues were maintain ed around their previous levela. The action of Columbia cate left no doubt in the minds of those following closely the movement | of tropical oils that important de public Ameri 100 Ohio Ol 1200 Pr 00 pr 10 Solar 00 s 0 S00s 0 008 0 Ken BI00S O Ny 48008 0 N Y new Wi 108 0 Ohio 3 1300 Vacuum 0n Sales in RONDS thousands. 1 Allied Pack Ab G & F Am Pow & am P& 1 Am Roil ) 1T Am W 15 Appal E_Pow 10 A G & F 68 R A Sim H 61ys AL GE WSS be B &0 R R be ) Rell T Can 3 4 Both Steel 7= A Roston & Me A NEW YORK. June 18.—Following 1s an official list of honds and stocks in on the New York Curh Market today Sales in hundrads INDUSTRIALS e e s 4 Ala Great So pf 115 1 Alb Pick Bar v § /3 Alim o Biea' ¥ 1) Amal Leather "0 | Alpha Fort Cem. 124 Am Gas & I N Am Gas & EI pi Am T & Trar Am L & Trac nf Am Buh U0 pr Am Pow &1 D Am Ravon Prod <N Suverpow Siperpoy Gas & El Auburn Auto AUl Frm Atlas P’ € new Rorden Cn Eotans Cons M Brad Fireorts Brll Corn® A Brill Corp R Brr-Am Toh Cou Bilsn Cite' R R Eucsrus Co Can D Gin Als n Car Light : Celluigid ca cent' Pio Cor Chie Nin A Chi Nin' B T Commw P € new com ot Com Cone Cons e A s, ¥ A ® ! s 5 it ser 68 na 12Cit Serv 78 2 Cons_Tex Ra GG W Pap 2 Cuhan | Tel 4 Cudahs A Cudahy 1Det Citg, SEE S ST JOTO) [P PIPENPE PP S @ a Laund Dairy Rak Prod A R nt Ine Lid Aero ) For R vt 1 Dixon ‘crucivte 11 Durant Motor 1Duz Co A Duz Co A Eitingon Schild 3 11y Elec B & <h pr1 34 Elec B & S n cor 23 Elec Invest Inc 8 Emp Pow Cor n 3Eng Pub Service Puh Serv pf PSPP v Welte Cn ‘A ageo] all Riv ajardo Suz Co B & W G & Forhan Co A Foundation F ‘A 7Fox Theaters A iFrank H H M © 1y Frank HH MC pf 5 Freed Eise R © 21 Freshman Chas 28 Gen Baking A Gen Baking B IGen G & En B 17 Gillette S R 5 Glen “Alden Coal 48 Goodyear T & R 25 Grimes R & € R Happiness Cdr ¥ Hav E & 17 vir Hazeltine Corp Hellman. R Hellman' R pf Imperial Tobac 1 Rayon Cor A & Laygh St Solather 101 100 3% e 5 1 2320353550 3 Schulte R Est 17 Senul € B w 1] Schulte R F. 6 LEET PRI o S»= o 22 122 s S Corp Box P o LESESRS LS5 ntioqua 7s B adan 12 V113 A IO et Md WU pr lien 1 Moh Valler nw Moh Hud Pow Mot Pic’ pf Munieipal Nat El Nat Pub Serv Neison K * XY Tel co pfd* 1 A Nor 0 Pow 1 Nor Ont Lt & P. 4 Nor States PCA.. 3 Northe Pow_n Penn Ohio Sec. 2 Pie Bakery Am A 3% Pittsb & Lake E.1 1Pratt_& Lamb C. 3Pug 8 P L. 1 Purity Bak A Purity Bak of 13 Rand Hd Bur nw iy Realty Ao Bkln % Rep Mot Trk vie Reo Mot ... Rickenbacker Mo Sieharimg R Gel vie 2 Pac E nger Mg Tid Serv Bl Cor A YECA ofsd G & Pow A South P & 1, new Son P & 1, war Shuth T &1 A S 'Rez_Pan > Stand Mot 16 Stand Pub © Stutz Mot . 15 Superheater Co Swith I ampa Bl Bts ans Lux Pict & Trumbuli _Steal Tubize A § B vte Tung. Sl L A T %1 Coal vie Un G Imp € ThIt &P n Un I & P A Uni Prof Shar U'S Lt & Hi pf Van Camp Ps pf 3 Vie Talk Mach Went Power pf son 0 & 8 pf 13— Bareau, FE Slogne A1 anish Con 51 s ISR EREESRS R SRR T & Do S 2m3 S B Glae A Govt 5igm Te 10115 8012 a4 % Roa 1 i i 1 1 3 | WALL STREET BRIEFS NEW YORK. June 18 ().—The | price of a on the New York Stock Exchange soared to a new rec ord height of $155.000 yesterdav, $5,000 above the former high mark, when William V. Couchman of New York bought the membership of |Joseph S. Bunting. The previous transaction was at $149,000. i seat ] 19 1 Py Stockholders of Tobaceo Co. will Americs Sumatra take final action June 28 on fts reorganization and transfer of assets to the new eom- pany. A favorable vote {s expected, |as 96 per cent of the preferred share rolders and 92 per cent of the com. mon ehareholders have agreed to the plan. The new American Sumatra Tabaceo Co. will start with $3,000,000 in net quick assets and no dept. Hollinger g Hecla” Mine Coover o Cornelin Swmont Mining Ninissing Noranda North Butts & onioCon 30 Parmac P M Ltd 1 Premier Gold M 13 %0 Am Gold & P. 110 Spearhead Gold, 20 Stand _Silv Tead 2 Teck Hughes 1 Tono Min 20n Verde Ext 4 Utah Apex Sales TNDEPENDENT OIT, STOCKS. drde. in hidm con Oilfids 53 Am Maracaibo C Beacon _Oil . Carib _Synd Cit Serv nw GCit Serv pf ... Columbia ' 8ynd . Gon Reyalt ‘nw. 33 Creole Synd . ! 3 Cent Pete & Ref R of ) & 9 Euelid il Co ihson Oil Cor.. Gilliland O vie 3 Gulf Oil Pa ard OIl . oil Businesz men and farmers in the South never were in a mara cheer ful frame of mind and lonk forward to continued progress, J. R. Kenley president of the Atlantic Coast Line Ralilroad. sald yesterday. Their at tention was being diverted from land speculation fnto bigger business, he asgerted. planters now talking of a 30.000.000-box ecrop of citrus fruit for 1926, double the amount last year. He anticipated record traffic this year for the road Earnings of the Lambert Pharma cal Co. for the first quarter this vear galned 42 per cent over the same period last year, $395,917, against $701,533. Current earnings were run- ning more than 50 per cent ahead of last vear. METAL I'IIARKET, NEW YORK, June 18 (). —Copper, easy: electrolytic, spot and futures, 14 asked. Tin, steady: spot and nearby 61.50; futures. &l Iron, steady prices unchanged. Lead, steady; spot 8.25. Zinc. easy: East St. Louls, spof and futures, 7.12. Antimony, 11.50. CAEL MONEY FIRM. NEW YORK. June 18 (®).—call money, firm: high, 4 low, rate, 4; closing bid, 4 offered at 41; last loan, 4: call loans against ac- ceptances, 31;: time loans, steady; mixed coliateral. 60-90 days. 4a4l4: 4-6 months, 4'4a4li; prime mercantile paper, 3%ad. BANK CLEARINGS. NEW YORK. June 18.—New York bank clearings, $086.000,000; New York bank balances, $135.000,000; New York Federal Reserve Bank credits, $110,000,000; Boston bank clearings, $127,000,000. - s Py PECRECES PO FieEe = » & = PO SO PP P S P 58 R —i3 » DR e a5 e S o= B3t E D% R s B 2 PEEFEEES 2 Panuco Prod SIS ns TEEE 5 D 1o i3 F2 i3 Con DS BD 3 a0 e D= B 30023800 42 Tidewater Oil. 2 Tidewater Oil pf R Venezuelan Pet. 3 Warner Quinlan 60 Wilcox 0&G n 4 Woodlex ~ Pet n AT e Salerin STANDARD OTL ISSUES. units % 200 Anglo Am Oil.." 18% 200 At Loboe A8 207 s o >RBD S R, 19w 223 S 555 400 Chese! h Mf 8300 Contl new 20 Cumberland 175 Gal Slé 10Gal § '_P 2100 Fumble Ot 24h0 Tmg O Can new i Folf an sew 3400 IMT Pet € TdA 300 Nat Transit ... o NIB = &R 132 331 2% et e e | strength in the Cast Iron Pipe on the | 4; ruling | EVENING STAR, WASHINGTON, FINDS HIGHER PAY NEED INENGLAND Ship Designer Ascribes Brit- ain’s Troubles to Employ- ers’ Attitude. i BY J. C. ROYL | Special Dispateh to The Star NEW YORK. June 18 No matter }on what hasis the English coal strike tled, Great Britain has many | other problems 1o solve hefore a state { of cconomic and business prosperity exist. That was the statement made taday by William F. Gibhs. con ditioner of the Leviathan and de. sizner of the largest ship ever built in an American yard, which will he launched next week Mr. Gibhs has just returned from a careful study of conditions in in- dustry and commerce in Europe “It seems to he the feeling of lish business men that the only wa to raise profits is to reduce wages he said. “That policy can never vield esult desired. The business =al- of England lies in advancing not in coal mining alone, hut lines. It {s necessary to in individual efMciency,” to in opportunity for the workers rouse initiative before Great can hecome the market for own products or American prod- uets which ould, and should. r “The prosperity America has heen hased an a policy of paving high demanding efficiency. develop ing quantity production and making customers out of employes. Conse quentiv we have developed a buving power and created a demand for oui own products which has made Ame fra her own best customer. No satu ration point Iz In sight “England. on the other hand. has about rveached the saturation point for consumption of her own products {and ours. She apparently i= willi | anxious and ahle to develop foreign | markets. hut she has neglected the possibilities of the 50.000.000 people within her own horders. One reason that general opportunity for workers does nat exist “In_general. the British workman % willing to remain in the line of wark in which he started and have his son dn the same. He efficient hecanse he has fmbued witl idea that he does the less work and pay there will be for his fellow workmen. The emploving class is a class apart, with little knowled understand- ing of the men and women they em- ploy. In America. on the other hand the emplove nearly every case have come recently from the ranks of the workers that thev have a full appreciation of the needs, de cires and trerds of thought of the people under them Needs Incentive. erease and to he she S P of Americ: hecome the more Workman “What the British workman needs an incentive such as high wages could apply Mr. Gibbs declared he doubted whether it would better conditions for one or twe firms to raise wages. He indicated fhat temporarily ihis might place them under a_severe handicap until practically all thos in the game line of industry took similar steps. He himselt is a big emplover of labor In speaking of snits of theory as worked on the Leviathan. Mr Gihhs eaid “The English shipping men said we eonld aperate the Leviathan 111y nundey the Amaricar laxs. We proved we eould accomplished it by making member nf her crew was open for ad had iron diseipline ‘brass hat’ business recognized by pro the praetical re ot shipping and we it plain te evers that npportunity vancement Wa an hoard, but no Good wark was motion.’ Washington Stock Exchange SALES. artion 5s—23.000 at 101 on Gas A=—S300 a1 101 —33.000 at 104 %, 10 at Capital T Wash Washington Gas fis 0 at 1021, apital Traction Co.—3 at 1031 Lodgrrenthaler Linotspe—10 at 105%. 4 at 5 AFTER CALL. Potomac Fiectric Power pfd 5 a1 1091, & Flee. 0 5 at 1001 pfd—2 at 81,000 at 1 and B per cont Washington Rwsy Potomac Elect- Money—call loa Bid and Asked Prices. BONDS. PUBLIC UTILITY Bid Amer Amer, Am_ Tel Afacostia Ana & c &P & Telga. 4n. . & Telga 41, Tel il tr Pot. R_R quar. Be lephone Be C. &P Tel of Va. Bs..." Canital Traction R R. B City & Suburhan B sorgatown Gas 1st B otomac Flec. lst bs Botomac Flac. cons. By . Potomac Elec, 8s 1053 Patomac Fl. Pow. . & r 7s Wash.. Alex_ & Mt. V. b Yaeh.! Mt Var. etie L Wash | Bait. & Annap. Washington Ga Washington G Ry Rws & & ) i wasn Wash & i MISCELLANEOUS. ) . Paper Co. Mfz. 6s.... Pot. i Stock L. Bi. 8. outhern Bldz. 638 .00 wash: Mt Cotd Storage 5. Fman Park Hotel bige. | STOCKS. PUBLIC UTILITY. & Telea Lo138% Tel & Telea A | Cavital Traction Waanlngton Gas | Norfolk & Wash Potomac © Intett POtomas { Waen. Rwr. & Elec. com & Elec. pf. | wash| Rwv NATIONAL BANK Capital... Com ' i District .. mers & Mechanies” Federal-American .. . Liberty . Lincoln Yational iggs Second .., Ry Nat. Bank of Washington.." TRUST COMPAY American Security & Trust Continental Trust i Merchants’ Bank National Savings & Trust imion Trust........;... Washington Loan & Trul SAVINGS BANK, Commerce & Savin East Washington Security Savings Seventh Street | Tnited states | Washington Mechani | FIRE INSUTRA Ameriean ... .. Aorcoran | Eiremen's | Nationat | Ame: ¥t S{eamhnat. 3 National Columb 33 Matropolitan. | L33 1B B EEREBSD Z2BER32235 & Com’, Union... ! B TITLE INSURANCE Columbia Title. . Real Estate Titl [ iiie & Taveat. Co | MISCE 'n‘r ll‘a.rv(d S Federal ‘Storage ..« L0 Mercnants. Trans. & Storage! Merehants' Tran. & Stor. pld Mergenthaler. Linotype..." .. 3 ge. & invest: pid. Peopies Drug Stores vfd Langton Monotype ety Storarer 5 “ A iVidend. Y10 ok ‘dividend. % ‘extira dividend. §207. extra dividend. s 08 £ 87% TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) S Noom— iol 1-83 101% the | not 83 * | 1031 | JUNE 18, 1926, COTTONISEASIER Shaniko auction at pridr‘-: from :':“;;: —_— | T i e 1Shower Reports Also Have! Depressing Effect on Staple Market. ers are snapping up offerings freely. D. C., FRIDAY, COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY FORT WORTH.—Activity in Texas live stock has heen pronounced this Over 2,000 vearlings have | changed hands and many grass-(ed | cattle are reaching market. Twenty | thoyisand sheep and 2,000 goat< were sold In the San Angelo district. No fat- tening is being done by ranchmen. | ELIZARETH, La—The $1,000000 paper mill of the Calcasien Sulphate | Paper Co., is nearing completion, and will go into commission hefore July 1. | The company is a subsidiary of the In Lanstrinl Lumber Co.. and has 100,000 acres from which to obtain pulp wood. It will make kraft paper. CLEVELAND—The Otis Steel plants are running close to per cent of capacity and town Sheet and Tube will By the Associated Pr NEW YORK, June 18. tures opened steady: Jul toher, 16.40: December ard, 16.35; March, 16.45. The market was steady today at a decline of 4| to i0 points nnder local and southern | selling, which seemed to he hased | on reports of showers and relatively easy Liverpool cahies Prices eased off to 17.76 for July | and 16.38 for December in early trad Ing, representing net declines of ahout 1% 10 12 points on active positions, hut a0 {covering developed at the lower levels L land the market held fairly steady in YOUNngs: | the first hour ‘ ¢ heet il ;:‘r":' ::‘4 A private report ap weld plant shortly (o {opening estimated the condition o croased demand for fubing. Sharon | {RCRCRE, THRLRS g .mu!dh..':‘-omr Steel Hoop is working at 80 per ent o, aq with 71 as of May 23, indicating of capacity, an improvement of about 4.3 points isince late last month. The figures «eemed in line with anticipations and | had no apparent effect on the early Dividends | market. stock of | After the early decline to 16.37 for {the Willlam Wrigley, Jr., Co. at the | December, prices steadied. Forenoon rate of 25 cents per share, payable | trading was quiet. but the more August 2, September 1, October 1, No- | positions recovered their early Vvember | and December 1, 1926, to!|July selling around 17.84 and Decem stockholders of record on the 20th day | ber 16.47 at midday, or net unchanged of each preceding month, were de.|to 5 points lower. There may have claved yesterday by the board of di-|[been buving on reports of rains in the rectors Southwest, hut demand was attributed {chiefly 1o covering Cotton fu 17.86; Oc 16.41; Janu issued before the i WRIGLEY DIVIDEND. CHICAGO, June 18 (P).- on the outstanding capital | - . | i C. M. & ST. P. REVENUES. NEW YORK. June 18 (#. - H. E Pierpont. chief trafic officer of the Chicago. Milwaukee and St. Paul. re ports the road’s gross revenues for May were suhstantially larger than th of May last vear. with a good | { putlnok for crops west of the Missis | sippi. New Orleans Quotations. v ORLEANS. June 15 (®) Cotton futures opened steady: January 16.07. March, 16.10, bid. July, 17.09 October, 1612, December, 16.06. The | market ‘was easy today owing to dis appolnting Liverpool = cables. First trades showed losses of 6 to 10 points as private reports of rain in the Adrought =ections of the eastern belt and as private authority issued a port making the condition avers 75.3 per cent, against 71 a month ag The market eased off further in_the early trading. July dropping to 1 October to 16.06 re- | ge | BUTTER IS HIGHER. CHICAGO, June 153 (®). -Butter higher; receints, 18315 tubs: creamery and December extras, 38%: standards, 38%; extra|Ociober to 16.06 and Decemt . IReOnS f0ve R i points below Shant firsts, 35a36; seconds, | 42\ d cloga. As the weather map failed ! f6 connem the rains in the eastern | .« - g area the market rallied near the end DIVIDEND BASIS $10. of the first hour, recovering 4 to points. NEW YORK. June 18 (#). Shares | of the New York Joint Stock I. n:!‘ i Bank have heen placed on an annual | dividend haste of $10 a share with an initial semi-annual dishursement of §3 17»3\“-!- July 1 to holdere of record | June 0, COPPER PRODUCTION. NEW YORK. June 7 tries which contributed 97 per of the world's output of smelter cc per in 1925, produced 276,236.00 pound= in Mat inerease tatal output for the first five this 1.330,144.000 pounds against 1,278.780.,000 in came period Production _in the United { States in May 786.000 pounds ren | STEEL SHEETS MOVING. | | NEW YORK. June ) —1m | proved demand for steel sheets is re. | ported from the Youngstown distriet. | many rush orders coming to the mills | 5 oaing, | indicating low stocks in hands of con. | *52'"" {sumers and fobbers. Tin plate ship ments the first half of the vaar are | expected to establish a record. More | numerous orders for cold rolled strip | steel also are reported from the Pitts | burgh territory, with firmer prices. | 000 the month WE FINANCE —al! classes of income productn | Large Loans a Specialty | Current int. rats and commission Higbie & Richardson, Inc. 816 15th St. N.W. properts. i FOREIGN EXCHANGE. ‘Quatations furnished hy W. B. Hihba & (o) Nominal Seiling checks | £old value todax _ %4 RAGK Sqhy 1.00 Londan Montreal " doliar Paris frane Brussels, frane | Berlin. “mark | B lira 1% fran~ | Athens. drachma Ma Desaia Vienna frown | Budavast crown Prague. crawn gl Money to Loan Secursd hy first deea of trust on real Prevailing interest and commission. Joseph I. Weller's?, "0, & REAL ESTATE LOANS ANT AMOUNT 1 APARTMENT HOTSES 270 BUSIVESS PROPERTY RESINENCE LOANS AT 1.0W RATES | FRED T. NESBIT | NEW TORK. Tune 15 () —Foreign | JLIProttment Bldr. Main n307 |exchanges frregular. Quotations (in | @ 5 e | Second Trust Notes Purchased se |cents). Great Britain, demand. 486 3.16, cables, 486 11-16: 60.day bills on hanks. | Funds jmmediately avatlabla for seeond 16. France. demand. 2.781y.|irust notes on D. C. and nearhy Marsiand 7 vrm-wr'v"" lee Mr. Read. Local Agent. at am v, demand. 3.5913; W K. Hartung & Comparny 1108 16th Street N.W. We Wil Loan at 53% Ecaonomie Conditions Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. WE BUY First and Second Trust Real FEstate Notes Secured on Improved Real Estate in the District of Columbia. 1808 | 2000141, | 000141, 020613, Zinte 1800 | e . 2830 f=3 o | Stockholm. erown &7 | cables, 2. 2 cahles, 3.6013. nd: Belgium | Holland, 40.1 { Sweden, 26.82; Denmar | erland, '19.35%: Spain, 1.24; Poland, 9.00; Czechoslovakia, 2.96; Jugoslavia. 1. Austria, 14.125; Ru (mania. 4313: Argentina. 40.50: Brazil, [ 15.6214 Tokio. 46.811: Shanghai, Montreal, 100.14 1-16, Germany. 83: Norway, . 26.50; Switz 16.24; Greece, | FEDERAL LAND BANK BONDS.| | (Quoted br Alex. Rrown & Sons. Closing | Asked. Vield M. 475 e~ TEEEETEEET" 252 CEr PPN 3300000 233 SLEE GERMAN BONDS AND STOCKS. (Quotad in dollare per million marks.) g Aaked Ger Gt (w In) §s 1914-18.. 90000 A50.00 Hamhurz 4s 1918 13000 13500 (Quoted In dollars per ‘thousand marks | Ger Gan Elec 41an prewar 2500 5500 Gor Gen Elee 4355 1910, .. Rerlin 4% pre-war . . Hambg s, 758 48 ore-war Hamburg-Am ‘Line 4% . Norin ' German Eosd 41 North German Liow Prissian’ Consols 3 i Krupn' 5e 1921 Dusseldort 48 pre-war Frankfort a-M 4x pre-war. . Muinten 4a pre-wars ... Badische Aniiin ... A'EG (Ger Ge Eiec! : Commerze and Privai Bank Disconto Gelghaft .. ... .. Prtdne Sk itsche Ban Darmstandier Bank Mercur Rank Vienna!© Hevden Chemical Ausirian A € 6 Berliner Hand SHORT-TERM SECURITIES. Federal Security & Mortgage Company Morris Cafritr, Pres. 1412 K St. Main 1599. 00 300 0.00 00 300 .00 180 700 £.00 2.00 15.00 30.00 Stocks Bonds 0dd Lots Carried on Margin Buck & Company —BROKERS— Fatablished 1916 312 Evans Building 1420 N. Y. Ave. N.W. Tel. Franklin 7300 Direct Private Wires to New York 6'2% Gilt-Edge First Mortgage Notes Available In Amounts of $100 Up Secured On Improved City Property Mostly Medium Priced Homes 300 38.00 Adirond. P. & L. C. 8s 1929 Alum. Co. of Amer. 7& 1033 { Amer. Beet Sugar 6 lels" Am. Tel. & Tel. Co. 4¢ |J‘<D Anaconda Copper 68 1928.. Associated Oil 68 193, ase Baltimore & Ohio 1929 Bethlehem Steel 5 l!!v‘lhh s Central of Georgia 6 1929 Chi.. Mil. & St. Paul 8s 1034 City of Lyon fis 1034 .. Columb. G. & E. 1st 5 | ontinental G. & E. 5s 19 Federated Metals 1939 Fisher Body Corp. Bs 1928 Goodsear T. & R. 8e 1931 Greal Northern Gult onl'Carn, Pa. 5y Humbis Ol 5l¢ 1932 as NSO P &S SM. 6ias 193] Mo Pac. R. Su 1937 Momms & Co_ 7% | New York Central Oregon Short Line 4. | Penna. R, R 78 1230 Sineair €. 011 P, C. Switt & Co. s TUnion Oil of Cal. Union Pac. R. R. Co. TS Rubber 7i4e 1 Westorn Union ¥ Weatinghouse E.&M. 7 323555035 23032 F033RR23RIR3[2RE3E33022 s g 3 e &3 CEE FAT 3300033553353 55 0 0350550535905 3E3390339333535--5233» FERERE ST 2P RI2IBR3335538:! AL i EDUCATIONAL. George Washington University Law School Co-educational. — Safety and Service Our Motto —with never a loss to a client of as much as a single penny, in either principal or interest. Send for Booklet CHAS. D. SAGER Member Association American Law Schooly Mehlman FINANCTAL. We Buzf—Sell ‘ Unlis Stocks &Bonds | & Co. M-8 Mo ¥ SENW- First 4 Ready Money to Loan In Any Amount on 1st—2nd—3rd Trusts We provide suitable and =atis- factory solutions for your finan- cfal problems. Immediate deci slons and settlements. Yon will find our charges tne lowest. Realty Loan Co. 1417 F St N.W._-M. 9411 Open Evenings i W. B. Moses Furniture Estahlished 1861 BUSINESS F! I A phone call wi ther a representativ " Main 3770 F St. at Eleventh We Are Prepared to Accommodate the st Conservative Investor wwith Mortgage Real Estate | Gold Bond Coupon Certificates ayable at Any Bank Guaranteed by United States Fidelity & Guaranty Company (Resources. £46.000.000) Yielding 67 Interest Plus Tax refund up to 4% milla fall or Write for Cireular CHAS. D. SAGER Sinee 1906 924 14th St. N.'W. Main 36 & Sons Linens Upholatery URNITURE AND EQUIPMENT or Wood e at your convenisnce A Third of a Century's Experience can Your Apartment House Profits probably be in- creased. and brought to more larity enced methe dependable regu- by the experi- management ds which we as specialists offer to vou. I to; and. i to inc ery € - detail is attended cost studied f possible, reduced rease your ma very e rgin. B. F. SAUL CO. Main 2100 Class A—American Bar Assoctation. Summer session begins June 14th Stockton Hall, 720 20th St. Since 1908 924 14th M. 36 Offers to Make ate On Improved Real Est trict of Columbia and Nea i Montgomery Count Houses Business Properties Apply The New York Life Insurance Co. First Mortgage Loans in the Dis- rby Suburbs . Maryland FOR 3, 5 OR 10 YEAR PERIODS 5%>% ON APPROVED SECURITY Apartments Office Buildings RANDALL H. HAGNER & GOMPANY MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue .. ; Equitable Co-operative Telephone Main 9760 Building Ass’n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1870 Assets ...........$3,031,814.86 Surplus Subscriptions for the 91st Issue of SYSTEMATIC SAVING $PELLS SUCCESS You've heard time and time aga of people telling how they suc- ceeded. Saving a part of their pay was the most important factor in helping them attain their goal. You too can have a substantial fortune a few years hence if you make a regular deposit in the uitable. Join today and save systematically. 16th YEAR COMPLETED $1,352,749.93 Stock Being Received SHARES $2.50 PER 915 F Street Investigation Should Precede Investments EAL with a-reputable house which will positivi you against loss. Insist on a guaranteed fair re- turn. Raise vour rate to at least 2z Z AR ) RS ), %97 ) vE p /22 S ely guard O 975, % of income 75, 6%:% We Recommend First Mortgage They meet the above req Investment Departm, 713, 715 and 717 14th St. Notes uirements” ent M in 2345