Evening Star Newspaper, July 12, 1926, Page 25

. BRITISH CHARGES ' Price-Fixing Here in Atten;pt . to Capture Market + Abroad Scouted. . 3 BY J. (" ROYLE, Special Dispatch to The Stas. NEW YORK, July 12—The British are not satisfied to buy the ."roast beef of Old England” at less than it costs to ship it to them. Apparently they want £ole control of the English market besides. 5 That is what provision men sdy is back of the complaints voiced in Lon- don over the price war betweep the English and American' pack of Argentine beef. 3 Einglish packers allege the price of meat is being boosted in ' American markets in order to pay the expenses of the fight of the American packers against their English rivals. The nglish papers are out to get the American gonsumers all wrought up about this. The American packers sy these charges are absurd. There are upward of 1,400 packers in America and only one or two are involved in the Argentine-English fight. These latter are not in a posi- tion to boost prices arbitrarily, and their domestic competitors would not follow if they did. American packers say beef prices already are so high as to affect domestic consumption, due to the advances in live stock markets. The fight, however, unquestionably will have an effect on the American farmers. Few of the latter realize . this, for Argentina seems far away and unconnected with their own situa- tion. They point out that compara- tively little beef is exported from ‘America to Greéat Britain and Europe. It is true that the day when cat tle were shipped on the hoof to Liver- + pool has gone, and that little refrig- erated beef is sent from American ports abroad. But the fact that Eng- lish and continental peéople can buy Argentine beef at extremenly low prices means that they will buy ore beet and less pork products, which are extensively shipped from America. This will affect every hog and corn raiser and packer to some degree. ‘Argentina now is the country where range cattle can be most advan- tageously and economically raised. Its plains provide cheap feed and Ameti- can and English packers, realizing this fact, have established huge plants there. Brazil also is regarded as hav-- ing splendid prospects for develop- ment of the cattle and packing in- dustry, but many claim it will be 20 years before the live stock industry of that country is developed. Australia now is supplying practically all the English “Southdown mutton™ and it is proposed to add 10,000,000 cattle to the Australian ranges. The British are - practically supreme there, al- though Swift & Co. has some interests the Antipodes. ln“ has al?v(:iyu been a fight for the Argentine-British trade, however. Vestry & Co., the largest lish con- ¢ern in Argentina, mow is building near Buenos Aires one of the largest refrigerating plants in the world, and is building a fleet of its own refrig- erator ships. The visit of the Prince of Wales to Argentina and Brazil was not unconnected with the advance- ment of this section of British com- merce. In the meantime American packers have had some difficulty maintaining their margins of profit. Live prices have been high and hogs ha been in short supply. Cattle, sheep and lambs are nodw srllhls in more ormal supply and prices are. some- n'hn-t ufl:’:ynell and lard prices are more in line with live animal costs, and the statistical position of the industry is stronger than a year ago. Meat stocks are about 225,000,- 000, pounds less than at this time last year, and lard stocks have fallen off over 30,000,000 pounds. = These facts will tend to nullify to some exteut and decrease purchases of pork prod ucts in England. Washington Stock Exchange SALES. ashi 9—$2,000 a1 '5%\ o (P S0l st 700, 5s08" i O dani Gas 65 '33—8200. &t 103, i s S100 Mingion Rwy. & Elec. 45—$1.000 at “Wa Rwy. & Elec. . & r. 8s— s1 oaennein, Bo% foo 184, $1f000 et $1000 ¢ over Dt ety b ‘Washington Gas Plfltuml(' Electric at L " Vi i Gas Light—10 at 69%. 10 ap. SoAL 60 %, Jo at 0%, B at 6. a8, i o g L e T ::a&lféoi'u ire. & Inv. DIA.—B0 at 8%, " APTER CALL. - % ‘osnwnuc Elec. Pow. pdf. int. ectf—1 af Money—Cail loans. 5 and '8 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. : J MISCELLANEQUS. tout Fars iry 8% 101 e b T STOCKS. PUBLIC UTILITY. ermat A Wi teton: Gan: 'o.:lori‘l Wash. Stedmboat. omu’dfivm'u” Wash. Ryy. : 142 NATIONAL BANK. merican Union. TITLE INSURANCE. : : oy 0 8% % i k. A . i ¢ & on Gotd ag 1 ™' VR ' J Zine 085, R et 94 U1 £ : 7"s/ Coni 2 3 09 1 & 30 carib” synd 64 (TR T P . 89 8 a mh.' “. 5 . T 50 o i _BY WILLIAM F. HEFFERNAN. SpecialaDispatch to Tha Ca ¥k NEW, YORK, July 12.—Operations for the 'rise made only slight progress in the opening session ‘of the week on the Curb #xchange. The move- ment of the main body of stocks most of the time wes comparatively nar row. with certain stocks in demand, ‘| while others were subjécted to realiz-! comy ing. It generally was conceded that no other group had acted as disappoint. ingly as had the oils in view of all the optimism that has prevailed over the putlook.. Ofl shares were slightly lower most of the time today, with Offerings of standard issues heavy. | This was true of Humble, which re- acted more than a point before sup- Dot was encountered. Standard.Oll NEW YORK, July 12. a list of bonds and stocks traded the New York Curb Market today, with the volume ‘of sales and prices up to and including the close of the market: =~ fates .:n INDUSTRIALS, 5 pre gur. 123 Oi = £l a 2 ey 3 ot Prs REREERE T e St ottt ot ot ok 83838888 i~ s3zsiisn FOR R & 8 SRS i 3 @, gg;g B ¥, 2 cou = 2 e SE.Caaaresaaxy) FE P eRcE 15 wenidis: 225Y 4 e o5l & 55 ot ST RREEEE S o o Ee 2aEBEss * S T usor o 2 2Bzt Er P N S 25: & A 23) -1 2 S Soupate) o REFTEES & e g oSy o 20205510 1301 e 3 . Sanud WEERE R E 11 0 = =8 e PSR ES 528, i ns oo i e zzzz;gzzzzxg:m 85 ma oS ERR T RaauE B E BaRoD TR CE s MR L - =YYy ) S F o S o A o e . P g ey 34 13 91 oy Pt Seatasy e i o T [ g e Y g s wmsisring SRS 1845 8088 i R 1900 e s E oFy oD pamaS S abspoamw i . ‘D D PR i £ 4 8 2y ) $347 {3 =, i gap e o »58 amd gn. * EER 1 L 8, 3 a5 g z HH ""9 > 5} 38 L/ £5 2 5 T O £ St o i s i‘ a0 & 5 £ i 0 SESRE GERSES LRS! . FisonecsmSie o2 FE g B s ) 2 ¢ 3 &> | 2! & Oy = ~5= ni mm S ST SR N i omn ) RECRE & & gz N i} S2n.88 DD IR W PE e T S - S = WA 2 B3 1 » 2 & 2 e BE TS BPFRFER & RS B FRREERR B b SEenSETeDe Dok oiS o T 15 10 It e i Bisiss £:3, SR e 3833233 a sus it Shepss, s | l idhted influenced by, strength it shares hiitien dr:’n’fl slightly g::r:é"vnm ul les Wi . In the- bond Ilguon.. Baltimore and Oblo 6s were higher in sympathy with the strength of stocks of the SRES ~eSune E';r; v e es® ppst it i P52 O D1 O AR H D £25533°8 E 1o ot 55 1 Fot o1 ’é’?%;; s of: FES £ s S s o S B ot E3 Sla Py o -t s b SSosrgsesopes B e SS32SR2=EES £3353535c000x SS82S22=RE2 - Retomntmaicmr ok e PwnmnaEnD: Focaadana g 00 & 23325555 sxegssyes g CFEF ?“ IEB doEE ig SEErE & £ it g bV pabaiags i et N %, ) 2200t e 2 NIt N I DA i 2 I D 2 2028332833 FoE | RERE SRR CE o ‘. == SR 33332283 %) 2 wRE gasSesese;idnsy Sass3esey o o] 2o SRS SRIRE SRR v 2332382532 FEBREFSS FRAEE HH .2 S5 pz a8 » g! (Quotations furnished by e ar of Kiner o . Tel. & Tel: Co ated ore é - g R R s Dec. 182 181 1790 CANADIAN CAR LOADINGS. NEW YORK, July 12 (Special).— For the week ended July 3 loadings of revenue freight on Canadian roads ‘totalled. 50,456 cars, compared with 63,877 in the previous week, and 46, 765 for the like period of 1925, whi recel] from . connections were 40, 283, against 37,358 ‘in the preceding ;w;o%k and 31,609 in the same week of o bty g b it et tinghiouse D P BANK CLEARINGS. NEW YORK, July 12 (Special)- New York - bank p’oc $50: 000,000; York ‘banlk balances, $107,000,000; New York Federal Re- serve Bank credits, $105,000,000.. Bos- ton bank clearings, £§9,000,000. st s it FRANCS SLUMP. AGAIN. LONDON, Ji 12 ' (P)—Frencl and Beiglan transe suiped o ey exchange market under heayy sell- R R Belgian franc 236. e B BERERE BRTEEIRIE. & 8 5 SOPIFR §& §F 58 8 PESETEEIIIE SRS 8358 % ling for Reaction - From Last Week's Rise One il . of Factors Today. . ,tviu of ‘Baltimors was{ steady; October, 16.98; 16,98; January; . 17.01; March, -17.16; May, 17,26, Sharp ad- vances week in the cotton mar- ket ‘were followed by heavy realizing and selling for a reaction 1 points below saturday’s close, Nedr the end of the first hour, pri rallied 3 to 5 points, but the under: tone continued easy. I NEW YORK, July 12 (#).—A gold 00,000 from Australia 1 Bank, San l'!-um,-lm:nt M;“ 3 serye 5 , for an ynnamed agcount in New York. Equitable Co-Operative Building Ass'n Subscriptions for the 91st Issue of Stock Being Received Are You Saving ”I : For a Home? 'SHARES The Equitable’s plan of system- 32-50 atic savings will help: you obtain a PER home. Each pay day make a de- i{ MONTH posit and continue, regulatly, to do this. You'll soon see how quickly your money will accumulate, 915 F Street The New York Life Insurance Co. Ql'n to Make S - First Mortgage Loans " On Improved Real Estate in the -Dis- trict of Columbia and Nearby Suburbs n Montgomery County, Maryland FOR 3,5 OR 10 YEAR PERIODS Houses e Do e ON APPROVED SECURITY . Apply RANDALL H. HAGNER & Company| ' MORTGAGE LOAN. GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 ¢ OUR - FIRST MORTGAGE SECURITIE! —are recognised to be sefe, dependable and Annual Return 6%% Mortgage Investment, Degartment WHANNON : " qus-r15-11y Litw st Main 2345, On file Basis of Peffortilnnce OU clioose your automobile,” - the electric * E 30t_choose hmhnopt; in the same way? = i For fifty-seven years .the First age Note -off ‘of Swart-' oL NEW YORK. July 12 (Spectal).— with & fair TRUST COMPANY. ; At Washington, in the District of Golumbla, gt the close of business on ) : 7 Jupe 30, 1926, A . eels iii@iis b 3 RESOURCES. 1. a Loans and discounts, including rediscounts, x acceptances of other banks and foreign bills g of exchange or drafts, sold with indorsement of this bank $17,977,140.73 Tofal ‘loans Bivs iz g ,-secured, $1,484.34; unsecured, $16,671.5 . U. 8. Governiaent securities owned: b Al other Unpited ‘States Government securities (including premiume, if any), . 4,362,969.50 Total vy 4 . V4,392,969.50 . Other bonds, stocks; . 1,388 8 5. a Customers’ Habiljty account of “acceptance: executed by this bank and by other banks for account of this bank, and now outstanding 428,288.66; $237,474.61 .. . Real estate owned han banking house. . Cash in vault and amount due from national Amount due from: State banks, bankers and trust in the United States (other than included in item 10) . Exchanges for clearing house. ... . ‘Total of ftems 10, 11 and 12.. $4,307,365.01 . & Checks and drafts on banks (including Federal rve Bank) located outside of city or town of ireporting bank.. 7 b Miscellaneous cash’ item . Other assets, if any Total .. 17,977,140.73 18,155.88 1,866.74 Banking . houses,’ furniture and fixtures, ANY AMOUNT APARTMENT HOUSES it 519% RESIDENCE LOANS AT LOW RATES FRED T. NESBIT 1010 Vermont Avenus N.W. Malp 0303 o First M Loans Rates of Interest and Commission Thomas J. Fisher & Compan; Jotona s, Sompeny; Inc. 6'2% Gilt-Edge First Mortgage Notes Available - In Amounts of $i08 Up Secured On Improved City Property. Mostly Medium -Pr?g:d * Homes Safety and Service - Our Motte —with never a loss to a client of as much as a single penny, in either principal or interest. X Send jor Booklet CHAS. . D. SAGER 969,318.06 800,859.68 772.465.25 . Capital stock paid in Surplus fund .... . & Undivided profits b Reserve for clerks' pension fun ¢ Contingencies 4 Dividends ... . Reserved for taxes, interest. ete., accrued . Amount due to ional banks. . Amount due to State , bankers and trust coi the United States and foreign countries (other than included in item 22 B Certified checks outstanding . Treasurer's checks outstanding ‘Total of items 25, 26, 27 and 28 e Demand deposits (other than bank deposits) subject to reserve (deposits payable within 30 days): 1 . Individual deposits . 14,772,196.17 . Certificates of deposit due in less t! n ' for money borrowed .- 6377480 . Dividends unpaid’ . . 2, 00 . Other demand deposits: Trust deposits 23 Total of demand deposits (other than bank deposits) subject to reserve, items 29, 30, 33 and 34. obes $16,270,821.00 Time deposits sul le after 30 days, ~or subject to 30 days’ or mgore motice, and postal savings): . Certificates of deposit (other than for money borrowwed) . Other time deposits ... 12,800,281.65 Total of time deposits -subject to reserv i items 35 and 37.. gos's 814,191.65 ., Acceptances executed by other banks for account of this bank . Liabilities other than«those above stated .$696,510.25 54,839.56 3,159.22 136,000.00 - 790,509.01 138,338.4 362,447.20 187, 19,91 . 21385428 ..$783,874.93 t to 13,910.00 1,866.74 $36,897,508.86 rict 'of Columbia, E. HOWE, treasurer of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. CHARLES E. HOWE, Treasurer. Fflh&)rlb.d and sworn to bel((oésvmb tfih.’ !tl‘l' day of July, 1926. (Seal.] NNET . WINFIELD, Notary Public. Corroct?Anu': _ g C. W J. { - J. PHILIP HERRMANN, HO“'A%REIDJ&ORAN, WILLIAM W. EVERETT, WM. J. FLATHER, CARY T. GRAYSON, C. A. ASPINWALL, B. F. SAUL, GEO. W. BROWN, HARRY K. BOSS, NEWBOLD NOYES, JAMES' F. HOOD, JAMES F. SHEA, u»l.‘-q . 312 Enul-’l% 1420 N. Y. Ave. NW: Direet Private Wires to New York Jr,, A Knowledge of - Apartment Houses ~—what they need to show owners the best earnings, and what methods are best “applied to meet- those needs—is at your service in our Property Management. As spe- cialists we can help you. Phone us or come in. B. F. SAUL CO. Mi 2 ; 925 15th St. NW. Gy Help Y, ou’.Prepare Your ' PERSONAL TAX RETURN URING the month of July you are tequired to file a return of your per- sonal property which is subject to the - District of Columbia Intangible Tax of five mills (34 of 1%, of the current value). * Your return must include a list of your * securities, except those which are exempted by law, giving their value as of July 1st, 1926. If you will send us a list of your securties, we shall be pleased to assist you in preparing ‘your return by indicating those which are _taxable and furnishing the- necessary quota- -tions: This service is rendered without charge. may feel free to consult us at any time about securi- ties which you own or contemplate purchasing “with the assurance that by doing so you jincur no i, PARRIS & CoMPANY | nhers Since 1883