Evening Star Newspaper, June 24, 1926, Page 29

EGGS ARE LOWER IN CENTER MARKET Dealers Anxious About Catch of Fish for Tomorrow’s Big Trade. Dealers at Municipal Fish Market this afternoon were anxiously await Ing information respecting arrivals of croakers, trout and butterfish, three varieties that find favor with the lo- cal trade. All three varieties were re- ported scarce and higher than last week, no reason for their scarcit: being advanced other than that the fishermen not catching them. _Rockfish simply are also were reported scarce and high. Their reity nothing out of the ordinary, according.to deal but at this season of the vear, it ated, croakers and trout usually are very plentiful, the former occu sionally selling as low as 5 cents, Hard crabs are gradually becoming more pientiful and cheaper, while soft crabs were very scarce today. The several varieties of crabmeat were more plentiful and cheaper. Hard crabs were quoted at $12 a bar- rel this morning, making them about 5 a_dozen. Lump meat was quoted at $2.75 a gallon, white meat at § and clawmeat at § Boston Mackerel Cheap. Roston mackerel, the most plentiful fish in market today, were quoted at 8 cents, an exceptionaliy low price, while rockfish, the most expens brought 35 cents, Prices of other fish were quoted as follows: Trout, large, 30; small, 15; butterfish, 1213: croaker 1,: flound- ers, 10: seaball porgies, 15; halftut, 23: sulmon Sea scallops were quoted at $3 a gal- Jon. A price of 45 cents a pound, cheaper tha al, was quoted on live lobste Cooked shrimp were £2.50 « gallon, and green shrimp, 25 cents a pound Many buyers were in evidence this afternoon. Tomorrow morning the number probably will increase, retail ers being on_hand during the eariy hours to get first pick. The first reduction in egg prices the past few weeks was reported to day. the price of current receipts drop. ping from 30 and 31 to 28 and cents. No change in prices of fresh, gelected or hennery stock. Market Prices Today. Butter—Fancy, 1-pound prints, 4fa 47; tub, 45a46. Eggs—Fresh, selected, 31a32 mery, 33a24: current receip! Poultry allve—Turkeys, 35; Spring broilers, 40a45; Plymouth Rock broil s is Received by Private Wire BY WILLIAM F. HEFFERNAN, NEW YORK, June 24.—The up-| vard movement predominated on the | Curb Exchange today, but not until | the main body of stocks had called upon 1o absorb further offer- ings. The selling, however, was set down merely to a desire on the part of those who had purchased recently to_take profits. Baking company stocks were prom- inent on the side of advance. It was evident that the investing and specu- lative public had got over the scare occasioned by the action of the De partment of Justice some time ago in fallirg to sanction the Ward Food Products merger and feli that the plans for consolidations and mergers | in this fleld would eventually be car. | vied through and would work out | favorably for stockholders | United Biscuit, class “B,” sold into new high ground for the year, buying apparently being based on benefits expected to he derived from taking over of another fmportant unit in | {he industry, the plan of which was ounced terday. Continental | Baking, cla A, moved forward al NEW YORK, June 24.—Following in official list of bonds and stocks traded in on the New York Curb Sty e New York Curl Sales in INDUSTRIALS hundreds DUSTRINS. 3 Ala Gt South pfd 1184 o Alb Pick Bar vie 131 15 Alnba Port'¢ i Borde 115 Brad ¢ il ating B U Baking pf i 05 T e T s Acro N Do For R yin Dominion St*¥ig Drecden Rk - 1r R # o i B'& S'nw oot Tnvest T o Feltman FaWG Fiveat Chas. = Steatns Bak B..". it S R Kiden o 4 G “.T & > 1 Habir Bl e v ars, W2 to 2 pounds, 45; smaller, 38a 40: White Leghorns, 35a36; fowls, 30; roosters, 22; ducks, young. 20; old, 15; keats, 80: old, 35a40. Dressed—Turkeys, 38; broilers, 48a50; keats, young, 90al.00; old, 40850, Live stock—Calves, medium, 10al11; thin, and medium, 13'z; lambs, 15. Meats—RBeef, 17: 20a22; dressed pork, hea 19: pork loins, 35a36; Western, 30a32: hams, 86; shoulders, 2 fresh hams 33a 84; fresh shoulder: Fruit and Vegetable Review. Today's market report on fruits and vegetables (compiled by the Market News Service Bureau of Agricultural Econom says: Cantaloupes—Supplies moderate; de- mand moderate, market steady; Cali- fornia, Imperial Valley, salmon tints, standards, 458, 4.50a5.00: jumbos, 45s, 5.00a; flats, 12s and 158, 1.75a2.00. Lettu upplies moderate; demand light. mark steady rect to retailer: fceberg type. 4 Onions—Supplies light market firm; Texas, standard crates, yellow Bermudas, U. S. No. 1, best, tly 00; California, standard crates, vellow Bermudas, U. 8. No. 1, 2.15a2.25. Peaches—Supplies light moderate, market steady: Georgia 6s Early Rose, small size, 2.50a3.00; bush- el haskets, Uneedas, medium size, soft, few sales, 3.00. Potatoes—O1d stock, supplies light; too few to establish marke new stock, supplies moderate; de- mand moderate, market fim: North cloth-top stave | choice, 111%; a7; hogs, heavy light, cholce, 15; lamb, 30; veal, e ; demand light, demand No. 1, mostly ] .00, upplies h moderate, market fai steady: ssippi, fours, ripes and turnin 1.00a1.15; Texas, sixe: urning, wrapped, fancy 75: choice count, 2.00. Cheaper. Watermelons—Supplies moderate; demand light, market slightly weak- er: Florida, Tom Watsons, 26-pound | averag a8y 28-30-pound average, | 90a1.00: Thurmond 8-30- pound average, String beans—Supplies demand _moderate, 1 North Caroli bushel Green, 1 E 2.00; homegrown, b 00a6.00. “ucumbers — Suppliex moderate: nd light, market stead: arolina. bushel hampe: 2.00: Virginia, Norfolk section, hot- bed stock 7-8 bushel hampes 50a4.00. ch e, abbage—Supplies moderate mand light, market steady growns, barrels, flat tvpe, mostl Tennessee, pony crates. pointed type, mostly 3.0. Correction vesterday's re. port, Tennessee, pony crates, pointed type, should have read, 3.00a3 stead of 2.00a2.25, Asparagus— Supplies moder: mand moderate for good stoc ket steady; Delaware, crates, large medium siz 00: sms small size, 1.80 per dozen bunches. Corn—Supplies liberal: demand mod- erate. market st AV Watermelons liberal; dull; de- Rlackberries — Supplies demand moderate, market stead North Carolina. 32.quart crates, good quality and condition, 4.00a4.50: poor to fair quality and condition, 2.50a3.50. MERGER PLAN DENIED. NEW YORK, June 24 (#).—Lehman Brothers, bankers, who last January brought out the per cent bonds of Leonhard Tietz Co.. of Cologne, received a cable message today deny- ing that this company was involved in a reported merger of large depari- ment store chains in Gerr cluding Rudolf Karstadt Co., burg, and Theodor Althoff Co.. Dusseldorf, to be known as the United Department Stores, Inc e et RUBBER DECLINES. Special Dispateh to The Star. NEW YORK, June 24.—Crude rub- ber, smoked ribbed sheets, declined 13 at the noon quotation of 431 today. This compares with 461 a month ago and 853 a year ago. DIVIDEND DECLARED. NEW YORK, June 24 (#).—Utah Apex Mining Co. declared a quarterly dividend of 25 cents a share, which had been 35 cents quarterly since April last year. It is payable July 15 to stock of record July. 3. 2 c. 2 Havana E&U 1. 4 Hexden Chem 1 Hellman R nfd 1 Hollander & S A 1 Imperial Tobac 7 Ind Ravon 2Intern Util B 1 Johne-Many 14 Kevsto Solethr Landover H © ad ERRIper M C A 16 o 12 D Onene sh & 13 Neng: Sl AN at Pub Ser B o 0n' rl Gt Nor LR Tnd P S've pr 1 » Ohio Power.. 17 No_Sates Pow A 10 Northeast Pow n 5 Penn Ohio Ser & + Benn Water Pow 14311, 1% Bittsburgh & LE 110 12 Procter ‘& Gamble 158 1 Prophylac Brish. 447 4Puget 'S P &L 841] | 0 3 2 Rem Noise Tvp A Y 9a " | Rem Nois Typ pf 1 i o5 | | Rea’ Mothr e | } Rickenbacker 3 9 Ricn'Rud . ° a8 Silica, Gl vie! 3 Sierra Pac E.. 3. Singer Mfe Washington Stock Exchange SALES. nita] Tyaction Co—10 at 104 | Columbia Title Tncurance (0100 at 015 | Lanston Monotypee10 nt n5. 00 2 0% | Electric Power S1.000 at 106 Mergentha Washinzton at 103 D. C. Paper Mfz. 6s—S500 at 851 Money—Call loans. 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Am. Tel. & Telga Amer. Tel 4s.. & Telea. 4% Am. Tel. & Tel. ctl. tr Anicostin & Pot. R, R. Ana. & Pot. euar & P. Teienhone & P Tel. of Va ai Traction K ity & Suburian § Georgetown Gas 1st Potomac ¢ Bs.. R8s, hington Gas 65" sh. Rwy. & Eler. 450 Wash. Rwy. & Elec. gen MISCELLA D. C.Paper Co. Mfz. 6 Pot. Joint Stock L'd Bk ern Bldg. Glgs. ... .. old Storage’ 5. STOCKS. PUBLIC UTILITY. Wel. & Telga ashington Gas Norfolk & Wash Potomac Elec. pid ash. R Wash. Rwy. & E : NATIONAL BANE. National Capital... Colnmbia % Commercial District armers & a Faderal-American berty . G Lincoln L National Metropoittan ational TRUST COMPANY. American Security & Trust.. 380 Continental Trust ......... "9 Merchante’ .. ... National Savings rust ... . Loan & Trust SAVINGS BANK. Commerce & Savinge. East Washington...... Security Savings & Com Seventh_Street Tnited States Washington FIRL INSURANCE. 200 Insurance iy Union ... 31 TITLE INSURANCE. Columbia_ Title .. [F Title “iv180 T S MISCELLANEOUS. American . Corcoran Firemen National D. C. Paper Federal Storage Merchante' Tran Ry Trenthaler N onal Mige. & Invest. pfd. Peapies Druz Steres Bf. .- .. Lanston Monotype been | t THE EVENING STAR, WASHINGTON, D. C. NEW YORK CURB MARKET Direct to The Star Office most 2 points before the demand spent itself, and General Baking “B" bore its share in the improvement. Reduction of the dividend on Utah Apex Mining from the previous quar- ¢ of 35 cents a share to 25 cents not a pleasing incident for hold of the stock. Offerings following most a pofnt. Newmont Mining con- tinued a favorite in its group, rising almost a point at one time, The action of Stutz Mptors shows that there was further liquidation to be completed, but offerings were com- paratively light. Goodyear Tire stood out strongly among specialties, al- though there was nothing in the ouf- side news to count for its strength. Public utilities were not as much in demand as they had been earlier in the week, but they managed to m tain the recent improvement in most instan, United Gas and Impre ment extended its gain, but others were little changed. Changes in the oil group were in a majority of instances toward higher prices, but this quarter of the market s without important feature. sery El outh ‘P & L 0 P & L Sou Cities T tand Mot . CAca L 0 war nid # Thom Timken Tuscon - Steel - b oArt S B vid 14 ung’ Sol Lamp A 183 0 C. 1007, 3 Lt & Ht new Strs B © Pl 2 White Sew M pfd 48 MINING STOCKS. 10 ivid 2 Ene Gld M Utah Apex 7 Wenden Con i Yuk Alas Tt 063 INDEPENDENT OIL STOCKS 0 hundreds 10 Allen 011 : 10 #1 Amer. Con Oilfds 1 Maracaibo © Cit Serv prd Columbia Sy 2 Con Royal 1 4 Creole Synd Crown Cont Pet cid 011 Co ihson Ol Cor Miland O vie 20 Mount Gulf i New Bradf i New Mex 2 Ohio Fuel VOl i o i Corp Gl 361 N 51 i1y 3 orp. Sales STANDARD OIL ISSUES in units. 600 Anglo Am 01l 100 Ang Am O n vic 5000 Conty Ol nw 1 1810 P L - S°0 ot ‘old 700 Humble Ol & K 201 P L 1400 Imp 0 “Can nw.. JB0Tnd P L 1300 Inter_Pet 1000 Nat_Transit 2800 Ohio Oi 100 Penn_ Mex ‘¥ 800 Prajrie O&G n, 300 So- Penn O11_nw S0 W Penn P L. Oilnd- ... .. 8008 0 Kanias 08 O Kentucks 1008 O Neb new “B3008 O N Y. 28008 O N Y new wi 08 0 Ohio 0 Vacuum 01l Lid. Sales BONDS. 1 n Nat Ry 7s.. Caro P & L b Ch & North 43 Serv 75 D! Cons G Balt 65 A iban el 00 1% %8102 ll!“'»' Ties 110 01 7% iy 1 Grand 46T 9 2 Ind P 1% Int Gt 27 Rreaze s 8 Al o0t 3 Key TCP 55 A RO 31 Lehigh Pow tis A 4% 94 Loews Ine 6. .. 005 5las g EREF SRS S FEESEETEFR ST £355553355555350 055 it b ©35555555555555 05505 2232332333223 e B222222222222220233333 B S S S S o S L S223222232222223202233F FERRER s, FOREIGN BONDS. 1 Antioqua 10 Antioqua 7 3 Raden 78 5 Buenos 'Ai’7s 36 ¢ 11 Buenos Al 78 ‘52 98% 10 Buenos ‘Air' 733 100 3Ber CE 3 8’38 99y 25 Rer C E 6148 '20 08 46 Brazil 6Y%s ... 10 Caldas 7. 18 Cologne '8 34 Danish =Sx2d0nos SR R SnrsvronosLooses 2335335233 E S BI TSI DA RODR SN T e 94 Italian Pu Ut 75 89 10 King Denm Bl%s 99% 16 Krunp Fried L'7s 9714 21 Leonhd TC_7iss 0714 5352 Security Storage. . ton Murket . Washington Mutk 27 Man M&S 78 41100 2 Oslo Blax . 93 1§ Brov fanta ¥ Prov u ‘6 Rhine M Dan | the action carried the price down al-| | | COTTON IS EASIER ON CROP OUTLOOK Early Decline Is Partly Offset by Covering on Lack of Selling. By the Associated Press NEW YORK, June 24.—Cotton futures opened steady. July, 0; October, 16.48; December, 16.42; Janu. ary, 16.16; March, 16.37. ' The market opened today at a decline of 3 to 13 points in response to easier Liverpool cables, a generally favorable view of weather conditions and probable crop progress in the South. i Conslderable liquidation of July de- veloped in preparation for possible tomorrow that delivery selling while December declined 16.42 at the start. Covering at these figures, which appeared to he inspired by failure of favorable crop reports to bring in more selling pres sure, however, rallied the market toward the end of the first hour. July sold up to 17.84 or within 5 points of vesterday's closing quotations, while new crop months just about recovered the early losses, December selling at 16.49. A private crop report pointed to a decrease of 0.5 per cent in the acreage, placed the condition at 77.7 per cent and the indicated yield a 0,000 bales, allowing for 3 per cent aban donment of acreage. New Orleans Quotations. NEW ORLEANS, June 24 (#).—Cot ton futures 15.99; March, 16. : December, 16.00. The cotton market opened easy day, although Liverpool was about as due, First trades showed losses of 2 to 6 points, mainly owing to liquida- tion in July and the fact that tomor row is the first notice day for that month. The market soon rallied, how- on prospects for unsettled her in the belt, July trading to 17.11, October to 16.15 and December t0 16.10, or 5 to 10 points up from the early lows, NEWER WALL STREET GROWING UP APACE Uptown Section's Bid for Financial District Tenants Is Equitable Building's Plaint. Special Dispatch to The Star. NEW YORK, June 24.—Wall street is waking up to the fact that it has a rival claimant to distinction as the financial pulse of the Nation. Not only does the young upstart e to take quarters right on Man tan Island, but it has the audacity to borrow its name as well. Is itself the “Uptown Wall Street lquitable Office Building Corporatjon is seeking a reduction of the 1926 as sessment for $31,000,000 against the Equitable Building, a 37-story sky- scraper on lower Broadway in the Wall street district. 1o burden of the Equitable com pany's plaint is that there i a dis tinct drift of temants to “Uptown Wall Street,” and that office space in the Wall street district is no longer at_a premium. The shortage in office space exist ing during and after the war has passed, it is contended, and there is now a “marked surplus.” “The recent growth and develop ment of an uptown financial district and the unprecedented construction of office buildings in uptown localities have considerably affected and in reased the vacancies in the lower ew York financial section,” the Equitable Company’s petition states Wall Street, nestled among the sk scrapers, does not fear that its glory will fade so long as it keeps the Stock Exchange, the Subtreasury and the J. P. Morgan & Co. Building, but the office buildings are beginning to feel the pinch of vacancies, and as prominent brokerage and bond houses continue to move to quarters in “Up. town Wall Street” the rivalry between the two marts of the money kings seems likely to grow apace. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. First Mortgage Utility Bond: Coming down to details in our di cussion of utility securities as invest- ments and taking up the bonds first, we must distinguish between the obli- gations of operating and of holding companies. While there are many exceptions, the rule is that the bonds of the operating companies take pre- cedence in investment rank over those of the holding companies. The first mortgage lssues of elec tric light and power. gas and tele- phone companies with a record of successful operation are probably as conservative investments as _any other class of security, United States Government and certain State anq municipal bonds alone excepted. These high-grade utility bonds, as a group, are just as sound as the best rail- road mortgages and because of cer- tain technical conditions are available to the individual investor at a slightly Jower price than the corresponding railroad bonds. At this writing the best known of these electric light and power bonds sell to yield less than 5 per cent and apparently they are steadily growing in investment favor. One proof of this assertion is the fact that new financing of the utili- ties is being done on terms progre: sively more advantageous to the cor- poration. For instance, only a month or so ago the New England Telephone & Telegraph marketed a large bond jssue with a 41 per cent coupon. This has happened before, but not very often. Railroad bonds with 4 per cent coupons and even 33 are not uncommon, but most of them were sold in pre-war days. The day is coming in the opinion of most authorities when there will be no price difference to speak of between the highest grade of railroad and utility obligations, or if there is the utility bonds will sell to bring the lower return. Besides the first mortgage loans there are available from time to time many refunding and general utility mortgage bonds which for all prac- tical purposes are as well secured as far as income {s concerned as are the prior liens. A little more care is necessary in the selection, but for those who do not demand an excess of conservatism these junior bonds are entirely suitable. CALL MONE; STEADY. NEW YORK, June 24 (®.—Call money steady; high, 4%; low, 4%; ruling rate, 4%; closing bid, 4%; of- fered at 4%3; last loan, 4%: call loans against acceptances, 3%. Time loans steady; mixed collateral, 60-90 days, 4%ad’; 4-6 months, 4%. Prime mer- cuntile paper, 3%a4. | Valley grapes w Gy =0, » HURSDAY, 19 SOME CROPS FINISHED. End of June Finds Other Products Beginning to Come to Markets. Movement of some crops was wind- ing up during the third week of June, and other products, principally West- ern grapes r to market. JUNE 24, at 25a30, quart basls. Large quanti- ties have moved by truck from the Virginia-Maryl#nd-Delaware Peninsu- la this season, some truckloads going as far as Boston. The most active remaining center of early onion ship- ments was Collin County, in northern Texas. Good quality Bermuda-type onfons were selling there at 1.10a1.25 per crate. The Couchella Valley of California was practically finished, with a record of 1300 cars. 3 markets for onions were dull, with little change in prices. New York re- ported 93 carloads arrived from Spain and 93 from Egypt, but the Egyptian import season is about done. That stock, in 110-pound sacks, was sell ing at 2.50a8.00. was $13.529.640, equal to $5.17 a share, lagainst $6,254.129, or $2.39 a share, a | vear ago. Current assets of $32.873. 1273 contrasted with current liabilities of § Cash and Government secu saled $1 492 . | PARIS PRICES IRREGULAR. PARIS, June 24 (®).—Prices m irregudarly the Bourse today Three per cent rentes, 47 francs. Ex | change on London, francs 50 cen- times. Five per cent loan, 52 franc< 10 centimes. The dollar was quoted i 34 francs 63 centimes PACKARD PROFIT. NEW YORK, June 24 (#).—Packard Motor Car Co. reports net profit of $5,527,282 for the quarter ended May 81, after charges and Federal taxe: equal to $2.11 a share on the $10 par | stock, against §3,122,.849, or S1 a share, in the preceding quarter anrl' $3,299,384, or $1.30 a share after pre ferred dividends, in the corresponding quarter of 1925. The preferred was re tired In August last . Net profit for the nine months ended May 31 The first car of Imperial i s already selling in New York C The str rry ship ping season wus not far from its close, with a probable total of 13,500 cars. Prices were advancing for the remain- ing supplies, Eastern berries jobbing STREET./ WERE PLACED S 87 89€ O Bord. SIOKS &5 ONE STREET, TAAT STARE] OULD 88 PIVE MILES LOWO. = WIGGLY § A Fhotd. 2000 PIGGLY WIGGLY STORES Annual Sales-I50Million Dollars Second Largest Retail Distributor of Food Products in América ton. Piggly Wiggly pays thousands of dollars each year to Washington property owners; Piggly Wiggly employs over two hundred Washington people; Piggly Wiggly is a large taxpayer and a liberal contributor to all civie and charitable enterprises; Piggly Wiggly is a large purchaser from Washington firms whenever possible. The expectation to receive the patronage of you and your neighbors is reflected in the Piggly Wiggly policy—to earn the good will of those with whom we deal; to serve the public with pure and wholesome food, at the least possible expense, in the most canvenient, courteous and efficient way, with the least waste and lost motion; to improve our oppor- tunities and to rear from our daily work a structure which shall be known as all things best in business. 10 Lbs. 3¢ Heinz Beans 2 cums e Dromedary Grapefruit c. 27¢ Ritter’s Mayonnaise s-=. s+= 19¢ Certo The Sure Jen Bete 29¢ Beechnut Peanut Butter »+- 27c akes 25¢ CABBAGE Today there are 2,000 Piggly Wiggly stores in 600 towns and cities. Today a full million families, possibly five million people, are sup- plied with groceries, fruits, vegetables gnd meats by Piggly Wiggly. Can you picture 2,000 stores? Can you visualize 1,000,000 families? Seven hundred and fifty new stores in 30 months! This is an average of 25 per month, one for each business day since January 1, 1924, The statement above and other facts con- tained in this advertisement are not made in the spirit of boastfulness, but of thankfulness. The success of Piggly Wiggly is due to the patronage of a million families a day, to whom Piggly Wiggly is grateful. Piggly Wiggly is part and parcel of Wash- ington. It has forty-four stores in Washing- SUGAR Franco-Amer. Spaghetti .2, 25¢ Fig Bars 10¢ Olde English Marmalade = 33¢ Shredded Wheat e 10c Corn Flakes 3 rue 25¢ SOAP TOMATOES Large, Firm, Red Ripe Home Grown Iceberg Large Green Heads ° e. 10c Head 9¢ Lb. ¢ NEWPOTATOES 10Lbs.45¢ Fresh Meats | Fresh Fresh Fish Of the Highest Quality at Most Brnll'ng Right Out of the Water. They Are Reasonable Prices u Shipped to Us by Express », .| Chickens Leg of Lamb - Halibut Steak b., 38 Lamb Shoulder Ib., PR Mackerel Ib.,, 15¢ Prime Rib Roast - - Ih, e gomt | Butterfish - b., 20c Chuck Roast - bb., Trout Ib., 20¢ Lh. 5_01: American Sugar Refining Co. Best Cane Granulated OLIVES Fancy Queens in the 3%-03. Size or Stuffed Manazanillas in the 3-oz. Bottle 10¢C Lb. v Your Choice of Star or P and G White Naptha LETTUCE Veal Chops Fillet of Haddock - - 1b., 25¢