Evening Star Newspaper, June 29, 1926, Page 23

FINAN COTTON DECLINES ON TRADE OUTLOOK Favorable Weather and Easy .. Liverpool Cables De- By the Ture: tober, ope Steady toc points un Nouthern he based on relatively e: cables ang of the ear] ol 80 press Values. Associated Press, NEW Y sned ste ORK, June d December, The marke lay wler selliv liquidation, local which i a fa Iy weather d off to 18 fore the end of nd ¢ the -Cotton fu- : Oc 16.48; Janua; t W t a decline of five to 10 and fi appeared to ¢ Liverpool rable interpretation oD news. nd_December st hour, active months generally show- CIAL, BY WILLIAM F. HEFFERNAN. NEW YORK, June 29.—Operations for the rise became more aggressive on the curb exchange today. Im- provement was quite pronounced in a number of instances, with public participation on the Increase. The ability of the general hody of stocks to withstand the selling which was quite pronounced last week had the effect of restoring confidence, and when the upward movement got uncer way today a good deal of short covering was in progress. The increase reported by one of the | leading trade journals in the domes- tic weekly crude oil production was too slight to affect the market for the oils. Vacuum Ofl, in view of fits fuvorable rate of earnings, came into prominence among the Standard issues and at one Ume was selling up almost 2 points. Standard of New York continued to push ahead, al- though fmprovement was not pro- n(luu(‘snl \\l\rnel Qulnlnn was luken THE EVENING STAR, NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office pation of its early transfer to the stock exchange. Net for 1926, based on operations for the first four months, will equal approximately $5.50 a share, which would compare with the present dividend distripu- tion of $2 annually. Buying of speclalties assumed larger proportions, gains in several instances extending well over a point. Amerfcan Rayon Products moved forward and there was special buying strength in Silica Gel voting trust certificates. Isoth Issues of Serv-El Corporaticn were thought to be behind the better market for electric refrigeration shares. The certificates of deposit were in good demand at their previous high figure for the vear, while an advance of almost a point occurred in the class A shares. Other strong spots included Trans- Lux, above 9 United Biscuit, class B, at a fresh top, well above 17: jardo Sugar, up more than 2 points nd Fox Theaters A, up a COMMODITY NEWS WASHINGTON, D. . TUESDAY, FIRST MORTGAGES FOR SALE WIRED STAR FROM ENTIRE COUNTRY 6%2% SAN FRANCISCO, June 29.—Cali fornia beef cattle markets are emerg- ing from the depression obtained f. o. b. for several weeks. steers are moving at 7.60 a hundred, ranch, and small lots of emergency cattle are well cleaned up. CHICAGO, June 2 diana mine run chased here at extremely low prices. Some buyers have secured coal ut $1.20 a ton, 60 cents cheaper the $1.80 frelgat rate, making the price here $3. cou PHILADELPHIA, Pr little bricl a thousand. AKRON, ment in both s rough Ohio, automobile tires rubber June ces of brick here have shown some change this month, the price for common hard k has dropped from $18 to $17 June @ les and production of | which has Good | $750, $1,000 and upward: Southern In- being pur- 643 Louisiana Ave. than a9, We will gladly although |l| ¢4 applications for Current rates of Improve- | : est. Should you ha In denominations of $250, $500, on improved real estate in the District of Columbia. JAMES F. SHEA and give prompt attention Loans on Washington Real Estate JUNE 29, 1926. ANY AMOUNT APARTMENT HOUSES BUSINESS PROPERTY |Lro10 Vermont Avenue N.w. Mmy to Loan s, secured ituated Jouphl We er‘” A N.W. ey Various Makes receive inter- ve BELL SYSTEM REAL ESTATE LOANS 5%% RESIDENCE LOANS AT LOW RATES FRED T. NESBIT Main 9302 Secured by first deed of trust on real estate. Prevailing interest and comm'l:non PACKARD é Used Cars are Good Priced Low—TFair Terms 1707 Kalorama Road RELREEPINELER R RRREL” AM[mnAu Teeeone an TeLEcRAeH Company is reported by the | Money to Invest FINANCTAT. To Net Buyer 61/2% 7 flmi Bank 710 14th St., Near G FRANCIS M. Central Savings SAVAGE, President | OF THE ch Market- A 93 page cloth bound book written by a leading financial authority. Containe many scientific facts of great value to you, as an investor, trader or business man. Complimentary copy furnished while limited sunply lasts 1 Ask for Richard D. Wyckoff Analytical Staf, fnc. New York F mancml S Reliance— companies Thirty-Five Year Sinking Fund 5% Gold Debentures here. This quieted talk of a reduction in price, and has stabilized the industry. Gen- eral Tire is operating close to capacity. PITTSBURGH, June The ad- | ing net declines of 10 to 17 points. {he Another private crop report estimated the condition nd the decrease in acreage nine-tenths of 1 per cent. The crop indication was placed 15,432,000, with a possibility of 1 000 in’ the event of unfavorable ing conditions, or of 17,250,000 should the balance of the season be as favor- able as du the last two ¥ Another private report in the fore oo estimated the condition at tut gave no figures on the or indicated vie Street connecti sellers, hut offer the the NEW YORK. June 2! BONDS is an official list of bonds and stock: led in on the New York Curb Sales in thousands. —we can also take care of SAMnd Pl Ss . Due January 1, 19 you. Our experience, ex- Coupone, of thewn debentu ayable tending over a period of on July 1, 1026, will b To New York e . . the offies of the Treasurer, 108 Broadway, of _ Thirty-Five Years in Borton at Lip of e 128 Mk street & —insures your protection. & Percy H. Russell Co. ‘» 926 15th St. N.W. | 1| Conservative investors naturally place implicit confidence in First Mort- gage Notes, sponsored by this organization of forty vears’ standing. A Suders Coz Founded 1887 1433 K Street—Main 1016 6% Convenient gmounts of 8100 and up N > Amer Seat 0k wi 1008% A WW s A on INDUSTRIALS High urer. n hundreds, 1 Ala Gt South Low E vance in demand for automobile steel has been a feature of the recent steel market here. Automobile manufuc turers have increased orders. Rail- road men today sald shipments for the last six weeks have been ahead of those for the corresponding perio. of 1925, TLANTA, June peach | shipments are around s less than at this time last year owing to the late Sp. Prices are generally tbove those of last year, and the | average quality is higher &0 Hani 658 O 1 Am Hawaiian % Am L & Tra s Am Pub Ut pr bt 1Am Po & L pfd. Am Rasou Prod Asso Gas & R AU Fru * Han : 5 Bhss E W n 1 Rohn Alum 10 Brad Pireprig 1 Brill Corn A 2 Brill Corp B 3 Brit-Am Tob coul 1 Brit-Am_Tob cou 4 Bkiyn City RR. 1, Bueyrus Co. ‘ July 1st Maturing investment futerest checks Inflated hank account Approaching holiday 1009 1021, 10012 R apered off after 1 17 and s active. with ing. At mid- round 18.10 and —=Cleorel Prepared to Accommodate the Most Conservative Investor with First Mortgage Real Estate Gold Bond Coupon Certificates Pavable at Any Bank Guaranteed by United States Fidelity & Guaranty Company (Resources, §16.000.000) Yielding 6% Interest Plus Tax refund up to 415 mills Call or Write for Circular CHAS. D. SAGER Since 1906 924 14th St. N.W. Main 36 steadier July v December net lowel POTATO MARKET STEADY. CHICAGO, June 29 (#).— Receipts, new, &4; old, 2 cars; total United States shipments, new, 741; old, 42; on track, new, 199; old, 10 i new stock: trading fair, ma ket steady; Southern sacked cobbler: cked triumphs, 3.00a3 nmurnm acked long white, 3. Carolina, barrel, cobblers, 6 Virginia, barrel, cobblers, 6.00. DRY GO0D§ QUIET. I Dispatch to The Star EW YORK, June 29.—The cotton | ds murket was quiet again today with prices generally unchanged cloths were quoted at 71y fo and 8 for 68x Raw silks were slow but steady | NEW Cotton fu! 16.06 bid: March October, 16 The market was new cr ere opened points covering by helated tion, October 1 point down and De- cember 5 points down. All months eased off after the start on favor: weather conditions in the belt, July trading d 7.36, October t0 16.12 #nd December to l*v 0: ORL i = Post Cards to your frie Depleted bank account. opened ste 16.13 a ; December s active rned. July up at 1752 on horts in that op- Potatoes— K i“}”"{"( Co uloid Co pi “olo Tex nid.. rent Pip Cos R Smdd- Trun 61y e 100 % s . 100k 1051 o a0t | Reinvestment in a Safe Dep First Mortgage Notes Annual Return 6%% Mtg. Investment Dept. 713 14th Street Main 2345 Tty 5 Comw P € new. 1 Consol G Balt n 10 Consol d. The New York Life Insurance Co. Oférs 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 %% ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 ieh Pow fis A 1 Yonz Island L. 65 103 Tonss Tne @6 1003 and ndable 46.00 .. medium Coel Prod A ww Dresden Bk Der. S Durant Mot . Kl Bond & Sh' pi | B & ShonCor. Ohia Tiv 10tis' Stee? e AL 13 Pan.Am ot G 11 Pa ONiA ¥4 0 APa PEL Fa 1 5w 14PE P8 4 4 anpaN T i 100 Fox Theaters A ) 2 Ta 10 2 . b i 1 Frank H H Mf 2 Freshman Chas.. 3 v s L | 3 Gamewell Co 4 10 Garland_ St 2 Garod Cor . < i Gen Bak A 5415 30 Gen Bak B . L iy Gen Puab Ser pfd 103 4 Gillette SR an _$1.500 at 100% Canital ; 1047 5 ai 1O R niaktan G Light—10 at 69%. 5 at & Elec. pld—20 at & Trust Co at res & Commercial Bank—10 10 at 340 10 at 91 Monotype—10 ‘at 91 Transfer & Storage pfd.—5 at 5 at 101 AFTER CALL type—10 at 10615 Power pfd—10 B L Trinck G 5108 ilm Inapec M Washington Rwy. at 881 Security Apartments Lo Offics Buildings Business Properties 051] @s 1) 1033 44101 ) wi OREG 109 Sonete P& 04 hat @< PRI e n wi e 0 N ¥ g1y Mot A A 101 Loans on Real Estate —such as apartment buildings, business properties and resi- dences, arranged promptly. Also refinancing of loans ex- piring, probably at lower rates. BOSSEEHELPS 1417 K Street—Main 9300 e Potom 10K, Money at & Goodyear c R 1Grmes R&C R 1 Habir El nw vie : Happiness € 8 A 4 Hapniness © § T 1 v Gla ans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. P 3 Havana E & 1 Hazel Atias 1 Hazeltine Corp - o T 2 Hollander. & i 17 Hon & Hardart. SRR : 1 Imperial Tobac. 1008 . 10 Ind Rayon Co A 03, 1 Intern Util B... 24 . Johns-Many 1 3 0 Kevstone Solether .4 . 12 Lehigh Pow new 15 10¢ R Lehigh Val C fs 43 1 Libbey Owena SG 14 1 Metro Chafn Stra 333 4 Yid Weat Tpr in 116, 1 Mohawk val n.. 10 Mobawk Hud P. 1 Municipal Serv 1 Nat Elec Pow 4 13ousmss 13oniades ShaBaBoACH DB Amer A" & Tl ot 1 b, Anacostia & Pot. B K. bt Ana & Tot enar B P 3 Tel. of Va. b 4 Capital Traction R, R an Tel PRy % 33 pBABSR BB o) Qal thousande. R Antioqua 8 Paden 7a T Prenos A = > Pianns A 60 Reagil @3 & Rrazil 61 Snene w el A% C F A . 100 R ag 1y 100 11003 104 L =P bkt TURN SALARY INTO SAFETY 18 Danish Con” 23 Denmark 51, 1R Cor Fan My 1R Er Con 11 Tnd M R Fin R Tisadar Stend ) Tealian P17 > Trupn Fri 2T oo Tiats T As vour MOrrow. you work today, make money work for you to- There no safer way to assure yourself a finan- cially comfortable future than by purchasing our FIRST MORTGAGES SRRESE2E Ei ¥ R o Bt 0 Ohio Power B, G- aner 15 6t. Joint St Southern Bld Wash. Mit. Cold Storage bs.. Wardman Park Hotel 53¢ STOCKS. PUBLIC UTILITY & Telga & Telga n 0 States P pf. ortheast Pow 1 ac Steel Boller. Pender D Groc A 16 Pean_ Ohio' Sec 1 Pie Bak Am AA 47% Pitt<burgh & L E 148 Pug SP & L L 1 Purity Ba 1 Puirity Bak pfd. 1 Pyrene Mfg ... Rand Har Bur i ‘gieakl S'L,lkkfln‘l; I ckenbael ot 1 Rion” Rad Sate ¢ H & Lt 1 ] Shiealied” Wn'h 18 Silica Gel vte. . 8 Sterra_ Pac i Sorv gt Gorp 20 Serv 1 € 1 Sou Gas & 17 South P & ¥ 4 Sou Cal E !y Southw Bell Stand Pub C A Stroock & Co 16 Stutz. Mot 2, Superheater Co_ . I Tobacoo Prod Ex 2 Trans Lux Pic A Trumbull _Stl 1 Truscon St 1Ting Sol_Lamp 1 'nmi El_Coal vte 3 1200t 6 Imn C... BIm Lt & P nw 11t P & L vte 1 U'niver Pic C. A TUnit Bis A 0 lll Bis B 1 S Rub Reciai ‘fi tah P & L u( 2 Vic Talk Mach. . 'y West Pow pfd '} Wesson Oil ntd 4 Yellow Taxt ¢ MINING STOCKS. BT e s D e Do LG IMPORTANT TO BOND HOLDERS Notice of Redemption Owners of the following bonds are advised that they have been called for payment on July 1, 1926, in the amounts indicated : Centerville (Town of) dated Jan. \lnoun!, called, 1325 /0], 6Y2% S SRS A Third of a The salaried man can con- veniently acquire these securi- ties, with a third of a cen- tury's record of safety, by tak ing advantage our partial payment plan. T Swise Gt Kige 81 Thya Tr’& Stl'7a 1001 24T LW Rur a0 OGNSR ALewi ans 1 Wastnh T E'G 155 8o *Ex dividend D lh e IR D (Utah) Water 5% | Hungarian Congolidated Municival Loan, 20 1 vear, 3% . Secured Ninking Fund Gold Ronds. Amount called. §1 Harleigh-Brookwood Coal C | Amount called. Rivon un, Coel Co.. 1ot Amount rl||vd $1.000. Richland Planting Co Amount F=g 1000133813 iz LR REaRBORSDA Century ok DAIBY PRODUCTS. LTIMORE. o0 & Mechanics American lout a of Lineoln 3. ne tonal ‘Métronaiitan B Aune (Special).— Loss > City Loap ot of & £ 1 External 19, Redeemable | Washington County. Ores. due 1944, Bonds. dated July Nmount catled: %3 30.000. Amount cailed. 173 Bos Denominations. prices and list of numbers called obtain able on request. We will also be glad to furnish you with the names of additional bonds called for partial redemption on July Ist, not contained in the foregoing. Write, phone or call THE STANDARD COMPANY Investment Securities 1010 Vermont Avenue Northwest Phone Main 6117 We have compiled the above list from sources we regard to be reliable. but we do not guarantee its authenticity. \ Qi National Metropolitan Bank Capital, Surplus and Undivided Profits, Over $1.800.000.00 15th St. Opposite U. S. Treasury—112 Years Old OLDEST NATIONAL BANK IN THEDISTRICT OF COLUMBIA IliIllllIIIIIlIIlIlIIIIlIlIlIIIIIINIIiIIIIIlllllllllllI|I||IIII|HIIIIIIIIllllllllllllllllIIII|1||IIIIII|IIHIIIIIIIII]IIII]llIIIIIIIIIIIH|l|IllllIIIII||III|I||I|III|llIIIIllllI||NllIlIIIIIIlI|IIII|IIII|IIII|IIIIIII Public Confidence Justified In extending vou an invita- = tion to make this bank your Open Untll PAY DAY depository, we point J to a service record of Over a 5'30 P'M° Tomorrow & Thursday Century’s duration—an achieve- ment which answers every query as to Safety and \nlldn\, and amply justifies the public $1 or more will open a Savings Account S PGS e o LT St 3 2ad5: Leghorns Schal. District 33: Leghorns, a28; old rooster: ducks. 23a32: old, 16a20: guinea fowl, each. 75a85; old, 40a50; pigeons, 30a40. Eggs—Receipts. 867 cases: native and nearby, firsts, dozen, offered at 29a30. Butter—Good to fanc; creamery, pound, 40a43: prints, 43a45; ladles, 33 a34; rolls, 30a32; store packed, 30a31; dairy prints, 31a32; process butter, 3512a361;, old hens, 250 17tl| and Eye S!s. i arranged to s hnwlnru at Oxffl’l(l(ln moderate rentals. Roomw, $50 each. foot rate as low wer foot. One wvallable. In amounts of $230 and up. T COMPANY American Security & Trust. . Continental T < B: axo a0 1490 & FE8 S as F s ground floor $200 month. IMGDRE & Commerce & Savings Last Washington. ... £ Security Sav. & Com. Bank venth Street........ nited _States Washington Ear e B. F. SAUL CO. 2100 925 a“ e DOR DD 1o AR Bl nt e RS B e B DB B A BB & Main 15th St. Salen in hundreds. 10 Ariz Globe € ... American EARNS $7.52 A SHABE NEW YORK, June 29 (#).—Wess Ofl and Snowdrift Co. reports consoll. dated net income of $2,976,671 for the vear ended May 31 after depreciation, Federal taxes and other charges This is equal after 7 per cent pre. ferred dividends to $7.52 a share on the common. TITLE INSURA Title ate & Inv K Cresgon Gold .. . 53 Enf Gl M Lt 10 Fuireka_ Croaus.. 10 Forty. 4 20 Goldfield Cons 10 Gold State 3 20 Hawthorne M T 11 Jerome V Devel. 53 Kay Con Cor .. 1 Mason Val ew Cornelia. ... Columbia Real Title MISC D. C. Paper nid ¥ederal Stor: Merchants’ Merchants' Tr: Mergenthaler Nationai_Mtse Md. “dom FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) Approx. Asked. Yoos Yield: Over47,000 Depositors satisfaction in the fifty- bank — find and profit service this nine-year-old offer ffYou're invited to make us custodian of vour PAY DAY and other funds—to intrust us with the protection of vour securities, insurance policies, etc.—and to utilize Our Trust Dept. facilities, 30 Parmac Por M Tt 19 Plymouth Lead M 2 Premjer Gold M 0 San Toy. 15 S0 Am Goid &P, Security Storage Washington Market Rate—Maturits 20 14 % extra dividend 775 Belmont Bullion. =35, SHORT-TERM SECURITIES. (Quotations furmished Ly Redmond & Co.) 2 A A July s Jan, {s guly Jan. Jan! July hundreds. 36 Am Con O1l 5 Maracatbo C6. Beacon_Oil. . 35 Carih_Synd. 1R Cit Serv n. BCit Serv pfd; ! 1 Cit Serv pfd R 64 Columbia Synd 1 Cone Rovalties n 17 Creole Synd .. i Derby O & R ptd 10 Euclid 0il Co.. 3 Gibson 01l Cor * Leonard Ol 9 Lion Ol Marland i Margay Oil' new. 11 Mex Panuca .. Prod } New"praatord ‘6 2 New Mex Land.. Nor Cent Tex O. Ohio Fuel Corp Pandem O ennole Ol ‘Corn iter-Foster Oil Alum Amer, Beet Sus A el. & el Co. 48 Anaconda Conper 65 1 Aswociated Oil 68 14 Ballimore & Ohio 68 14 Hethlehem Steel 58 19354 Central of Georgia 6 1929 chi Ml & St Paul s 1 3553233533255, SER3R22222223 ERPRRESTR AR, Have You Been Stung Yet® Some men have to get stung good and hard before they learn to be cau- tlous in making investments. Before ¥you invest—investigate! “u it Yederated oy Corn. ar T, B iqullbllOIlllfiTfl i !]m (1 m[ rl H l"\ i - George W. White, President O. H. P. Johnson, Vice President Frederick De C. Faust, Trust Officer R. P. Hollingsworth, Asst. Trust Officer 3% Paid on Savings Trust Service—Safe Deposit Boxes—Travelers’ Checks IlIIIIIIIIIIIIIMIIIIIIIII|ll|||||||IIIIIIIIlllIlIIIIIIIIIIIIIIIHI(IIIII|H|HmIIIIIIHIIIIIIIIIII||'lIlIlIIIIllIIIIIIIIIIIIIIIIIIIIIIIIII i lIIIIIIIIIIIIII|IlI!IIlIlIIIIIIIHHIIIIIIIIIIIIIIIIIIII!IIIIIIIIII M Mo & ¢ New York 1o Zaias We BuZ&SeII Unlis £ confidence, which is among our most valued assets. =" Your Checking and Savings Accounts will be appreciated, and handled with our usual efficiency. C. F. Jacobsen, Cashier Chas. E. Bright, Asst. Cashier Albert H. Bedford; Asst. Cashier C. Louis Eckloff, Asst. Cashier J. Gales Moore, Auditor 2 P SEEF Same Rate of Interest Paid on Large and Small Accounts Safe Deposit Boxes at Nominal Annual Rentals Open Until 5:30 P.M. Tomorrow, Thurs- day and Friday 3 miges 2802255 SEoH Tide Water 4 Tide W Oil pfd 2K Venezuelan Pet 19 Warner Quinlan. 3 Wileox O & G n 33 2 Woodley Pel n. n!¢ 100 Y Ol Sales STA! DAED OI'L ISSUEQ in units. 500 Anglo-Am_0il 100 Ang Am O non-vic 300 Chercboro M1k 3800 Continent Oil new 50 Eureka 25 Gal Sig Oi 20Gal 8 O nld old "(mh[]umble Oil & R 800 Imp O of Can’ nw 3100 Inter Pet C Ltd 0 Ohio Oil . DIRECTORS: Walter Bruce Howe Reginald S. Huidekoper Victor Kauffmann Charles Minshall Edmund D. Rheem Frank Stetson Frank W. Stone William H. Walker William B. Willard OFFICERS: William D. Hoover. President Woodbury Blair, 1at V. Pres. Frank W. Stone, 2d V. Pres. Frank Steteon. Trust Officer - Lamborn Treln‘un-r reiv: ecretary an| Ulimer, ‘Asst. Ti Bruce Baird, Asst. Tr. Of David Bornet, Assi; Tr. Officer John W. Calvert, Asst. Treas. W. Hiles Pardoe, Asst. Treas. Alexander J. Fant, Asst. Sec. John M. Boteler. Asst. Sec. Audley A. age, Auditor National Savings & Trust Co. 59th Year TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) R Woodbury Blair Wm. A. H. Church Walter C. Clephane H. Rozier Dulany, Jr. Wm. E. Edmondston Franklin H. Ellis Frederick A. Fenning H. Prescott Gatley William D. Hoover Loan In Any Amount on 1st—2nd—3rd Trusts ‘We provide suitable and satis- factory solutions for your finan- clal problems. Immediate deci- sions and settlements. You will find our charges the lowest. Realty Loan Co. 417 F St. N.W.—M. 9411 Open Kvenings P = o FRRS 3 BAR SILVER PRICE NEW YORK, June 29 (®.—Bar silver, Mexican dollars, 50%. BROKERS' LOANS. TLoans held by brokers and dealers from New York City Federal reserve member banks amounted to $2,532,- £98,000 for the week ending June 23, as ed with $2,517,410,000 for the yrevious week, =i SEEsT <N 3ou g 65 5385 N3yt - | | | | TETFO s AR SEEBR: FOLRFOR | —wabanitnss o 238882 1200 South. Penn 4 700 Sou W Benn PL 50008 O Ind ; 7008 O Ky g o g e 80 Swan & Finch 2200 Cacuum Ol Oldest Savings Institution in Washington Cor. 15th and New York Ave. s Senzass’ S SRTSERSHRERIBAINS PRSP FrRnEE - FFERFE Sress -