Evening Star Newspaper, July 22, 1926, Page 31

FIN The main difficulty in popularizing the high compression type lies in the fact that it requives a special’ fuel and these fuels are not yet wide Iy enough distributed to permit the motorist to go extended trips with a feeling of assurance that he can secure gas suitable for his en gine, whenever and wherever he finds it expedient s however, that this to be overcome, economy of the type is exceeding on obsi s bound because the fuel high compression ¢ attractive. Increase in Efficiency. claimed that the. high-com pression motors with special fuel represent an increase in efficiency of from 25 to 30 per cent over the en gines now in general us The in- creased mileage possible from each Ton of fuel would mean a distinct saving to the motori 1t would be of .even greater importance to the aviator, for mileage to an airplane often means the difference between safety and danger and would un- doubtedly give considerable stimulus to_com fal aviation The saving in dollars can be es- timated when it is realized that there are over 20,000,000 motorists in this country and there are over 14,000, 000.000 gallons of motor fuel used annually. The English motorists place even more stress on fuel econ- - than those of this country. An car was recently put on the nder Roval Automobile Club observation to see how far it could be run on a “fivepound note” or approximately The actual or that sum was 2 imately 1.2 cents a mile. The actual cost of fuel alone worked out to less than four-tenths of a cent a mile. High Speed Cars. high speed motor cars are concerned, it is doubtful if Amer- fean engineers have gone as far with their experiments as those abroad. The small cars with low piston dis placement now raced on American speedways have about found their limitations. But English engineers anticipate 200 miles an hour from some of their late designs. The British, instead of cutting down their engines and piston dis- placements, are muitiplying. One of the latest English speed tars has two 12-cylinder engines, one placed over the front axle and one over the rear. They are of the opposed V- type of motor and are geared on a cross shaft under the driver's seat, which inturn transmits power to the rear wheels by means of sprockets and chains. One new American model has in- creased its cylinder bore slightly from 2% to 2% inches. Other fea- tures are crank case ventilation, a two-way cooling system and thermo- static control of the charging rate of the generator. Most of the new models feature simplified and handy control of lights and provision for additional head room by lowering the rear seats. It is Washington Stock E;change SALE:! town Gas 5s—33.000 ec. George at 100, Washington Rws. & El 45—$1.000 at ";-:‘,'n.n.w Electric pfd—5 at 108, 5 at Light—10 at 69. 10 at 108% . Washington Gas Li 915, 10 10 at 60°%. 10 at 09%, 64 697, 7 at 693 Caital 15,000 at 10t at 101, 10,006 Bid and Asked Prices. BONDS. PUBLIC UTILITY Asked. American Tel, & Telga. 4s.. Amer. Tel. & Telga. 4190, . .. Am. Tel. & Tel. C. tr bs ‘Anacostia & Pot. R. R. 3s. Ana. & Pot euar, i iR C. & P. 7 Capital_Traction R. City & Suburban 58. Georgetown Gas 1 i6i"” MISCELLANEOUS. Chestnut Farms Dairy 855, 101 R Baper Go; MIx. 6s..... 88" ou soimteotock Ld BR. 5a.. 101 d 188.. . . ! End Sividse i Hotel b%e. STOCKS. C UTILITY. Wash. Mkt Wardman Park Am. T Capital T 3 Washington Gas. . ‘ Norfolk & Wash. Steamboat Potomac £ " et Potomac Wash. Rwy Wash. Rwy NATIONAL National Capital........ BANK anics 1RK econd gty : National Bani of Wash. TRUST COMPAN American Segurity & Trust Continental Trust... ... .. Merchas Bank. National Saving: Union Trust.. . .......... Wash, Loan & Trust..". SAVINGS BA’ Commerce & Savings. aet Washington.. . Security Savings & Com. Seventh _Street.. United States. Washington M gn\umal Metropolitan. . . American n g TITLE INSURANCE, hia "l‘v_}‘h;l state Ti #‘fi Inv. Co. <3"Md. MISOELEANEOUS. C. Paper pfd.. gee. R T hants' Tran. & Wiorage: ts' Tran. & Stor. pfd erch forgenthaler, 1inotvpe. o & Invest Are You a Sucker? T6o many people put thelr money in day dreams and wake up broke, Never put your name on the dotted line until you have inquired of some one in your bank what he knows about some stock issue that is of- fered to you privately, ANCIAL HIEH COMPRESSION | - MOTORS FORECAST Trend in That Direction— New Model Cars Will Be More Roomy. BY J. €. ROYLE. Bpecial Dispateh to The Sta NEW YORK, Ju “The trend of internal combustion motor design undoubtedly is toward high compres- slon engines, according to leading automotive engineers. Few of the new models which are now coming on the market are of this type, but this is not because engineers have not worked out the specifications for a successful high comyrassion type. Most of the new designs show merely refine- of designs already made fa- NEW YORK CURB MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. NEW YORK, July 22.—The market righted itself at the outset today fol- folwing the unsettlement caused by the French financial crisis. Heavy short covering carried many of the oils and public utilities up a point or more and in a few instances the re- covery was even more pronounced. Prairie Ol & G: the largest of the Mid-Continent units, and one which usually influences the movement of prices in the oil group, was selllnl';l almost a point higher just below 52. Humble rallied a point and similar gains were recorded in Prairie Pipe Line and Standard of Indlana. Among the independents Creole Syndicate stood out strongly, getting to 10, where it was up close to a point. NEW YORK, July —Following is a list of bonds and stocks traded in on the New York Curb Market today with the volume of sales and prices up to and including the close of the market. Sales in INDUSTRIALS. hundreds. igh. 1 Ala Gt South... 124 AAIb Bick Bar Vic 3 ey 71 3 =3 & BT mal Leather ' Granamia lec 5 TR T R FFERS FErT 8 0 ) 1oroi0cscamn = D B ZD B0 DS S S0 A1 S B B AR NS B NS A ) SEERES5. £ = FER EE RO o FEPPEE ele Tel Penn’ bf 1 n Co.. . Il Corp A& Motor n R R. ne. Inc .. D Gin Ale n t Bip Cor . Bt o D FEEEE R FEFETERR F e o5 s Sons e B b D1y & SFEFRRE 0t IIBLDRNR R DRI D DR DI BT I Ciomn Wsoime ShLDRTR P i P S e 1 BB B KGN DD AR DAL = BB BT T BB DS 1 Copelnd P A 1 Curt_Aero M pfd 8De For R C vtc 3 Doehler Die C C 1 Dunhill Intl Durant Mot (oo TR F PR FREETSSETREEER Mot C “oundation Fo; Frank HH M reshman Chas. Bak A e o 90505 cusenSn aGionsess » 2 —‘-Wi«‘fli £ P . o110 1 A1 B a1 S S - PSS S e ™ SRR R RSESRERR TR e e e % 12 e D D 19 A NSRS ke k5985 Ot DR D e S R DD A KON o 3 2 I 3 R EAEE FLE W F 5% 195D, RS S E e e R I e e 13 Pitiah & 1 Pratt 13 Proct & 1 purity_Bak B. 4 Rand Kard B 5 Bes oo 8E8e S s 53 23 Rad. ! ickenback Mo’ Viscosa In u Cities U_ptd & P u Gas 4 Sou P&L new. . 1, Southw_Bell ptd Stand Pub C A Stroock & Son. om0 & = SR = &t DO D0t bt GO b FEEprTrar & e e comonan WEEITE e F TR - % est Dairy P A. t Pow pfd 3 Westmorel Coal MINING STOCKS. 20 Beaver_ Cons q fet TR et et 4t o ettt T R et F = S PERAL Bz el £33 iy £ 3 Min, 2 Hollinger, 27 Keysto of New_Cornelia 30 Newmont 2 Nipissing 9 Noranda =3 FEETFR o B @iy b, Sr @i b > . 3B RSANEI D Eh i SIS sandeStaf i ERnte S8 FEE Salep INDEPENDENT OIL STOCKS in hundreds, ] & b 1 1 <105 G 1323 VTN e AR e o o o esio St ar G n 36 Mex Panuco. u ® RN SR, RS o S 3100 nomis e iwu«‘hx 086G new % 2 Woo new 10 %%l Y 28 Salesin STANDARD OIL ISSUES. units. 400 Angio Am O :“{:Au Lobos. 1 goues B2E8ar i nadt * S io 3 - 5 ESEE FEERRIGER BRI 3 g oo R BB S S afre 943 th Penn Oil nd SRSt Sgubieasts ey fiucn‘in«' Gsands. "N Allied Pk 8s. (o ~ £ 88832 f e THE EVENING | Direct to The Star Office The market for Commonweaith Power failed to be influenced by the favorable earnings . statement issued after tho close of business yesterday and changed hands slightly under 384, the previous closing. United Gas & Improvement, on the other hand, rebounded sharply for a gain of almost 3 points. Lehigh Power, one of the recently recapitalized members of the group, was taken at better prices. | The upturn of more than a point in Durant Motors yesterday proved to have been a sufficlent recovery for the time being and there appeared to be plenty of stock ¥or sale whenever blds were raised. Newmont Mining con- tinued the feature of its group, get- ting into new high ground for the year above 64. m W W s A o5 4 054 bl B bow bb 3% 8% DI E fs, 09 1, 09 8% Hard 6138 05 L 0 R R 0 i D 26 10014 10014 o Sz S SR KB orant Bar R a0 s ms S na R 22zt EE, 22532 oo tington Sel Refrig 6 78 W i i la P & L Gs .. 04 Trunk 6328108 Tt O Cor 5s.. 100 »m»_ o2 SEEET 108% 00 97 red s e e et FEE! ® 07 has 94 110 08 108 % % SRR o) o5z et 33 FREARS SRR SRR R FRRRE BEPREER # .y 195 %0 e 1B Ao B2 S =oen 505505, SREDDI IR DR DoBR 23! 2 So 76 XYY 6% 2o ER2%: # RS FEP B IR E R TR e FE B TR s SS5550m B FEFETE 2 8823222222222 9235355353 B 1 Wabash So B 10 West Pen '52 Salesin FOREIGN BO thousands = Antioqua Ts A.. 2 7 FF FEpee TEF o St - S O T S — ENEE &+ (o SoooTOTDDDoSG: SREIEIIITAIISE coDpDBCIoCE ERESSEF e RSk SEEERIEE FEFRE FPESIEEE SR e SsoeoooesSase Bo2R8222832333583% o 3 §80,000000 MERGER IN STEEL EFFECTED Central and United Alloy Companies United, It Is Announced. By the Assoclated Press. CLEVELAND, Ohio, July 22.—Mer- ger of the Central Steel Co. of Mas- sillon and United Alloy Steel Corpora- tion of Canton, with assets exceeding $80,000,000, under the name of the Central Alloy Steel Corporation, was announced through Otis & Co. today, shortly after directors of the two companies voted approval of the pro- posal. The merger will be effected through an exchange of stock that will give Central Steel common holders 21§ shares of new stock and United Alloy common an even share-for-share ex- change. The new board of directors has not been announced, but it is assumed that the Eaton Mather interests of Cleveland, who have been exercising financial sponsorship, inclusive of actual control of United Alloy, will continue in that relationship to the new combination. F. J. Griffiths becomes chairman of the board; C. E, Stuart, president and treasurer; B. F. Fairless, vice presi- dent and general manager; J. H. Schlendorff, vice president in charge of sales, and C. W. Kreig, secretary. Except Krieg, who is with the Alloy Company, the officials are those of the present Central Steel Company. Chairman Griffiths said that no radi- cal changes would take place, but that efforts would he centered upon ce- menting and building up the two companies into an organization unex- celled in the industry. Central Steel plants at Massilon in- clude open hearth furnaces, blooming bar, sheet and strip mills. A new blast furnace and by-prod- uct coke plant are now under con- struction and are expected to be in operation in August. United Alloy plants at Canton in- clude blast furnace and ccke plant, open hearth furnaces, blooming mills, plate and bar mills, sheet rolling mill, Jjobbing mills and a fabricating and galvanizing divisions, operations in- cluding everything from production of pig iron to finished steel products. . Prices of Silver. NEW YORK, July 22 (#).—Bar silver, 641%; Mxican dollars, 491, VOTE ON STOCK EXCHANGE. NEW YORK, July 22 (#).—Stock- holders of Borne Scrymser Co. will vote August 18 on a proposed change in the par value of its stock from $100 a share to $25, with an issue of four new shares for each share now held. BANK CLEARINGS. NEW TYORK, July 22 (Special).— New York bank clearings, $368,000,000; New York bank balances, $89,000,000; New York Federal Reserve Bank credits. $80,000,000. rat deed of trust on real estpts. o on ntereat.and ‘commigsion eller 3 P& £ Lo N Joseph 1, Wi STAR, WASHINGTO COTTON ADVANGES ON RAIN REPORTS October and January Reach Highest Levels In Over a Month. By the Associated Pres NEW YORK, July 22.—Cotton fu- tures opened firm; October, 17.58; D cember. 17.46; January, 17.50; March, 17.65; May, 17.87. Rains distributed quite generally over the Southwest this morning furnished the signal for renewed buying in the cotton market, which advanced open prices 9 to 13 points. Considerable realizing on the upturn, however, especially by Wall Street interests, checked the rise af- ter October had reached 17.60 and Jan- uary, 17.51, the highest levels in over & month. Firm cables, better reports fron: the cotton goods market and early strength in the stock market, with New Orleans Quotations. NEW ORLEANS, | 22 (A).—Cot- ton futures opened stead) July October, ; December, 17.: January, 17.28 bi larch, 17.8 asked. The market was flrm today as Liver- advices were favorable and vs indfcated rain in the West and in parts of the Central belt. First trades showed gains of 7 to 9 points, and although prices eased off on realizing after the open- ing, they soon rallied, October trad- ing up to 17.40; December to 17.30 and January to 17.29, or 11 to 12 points above yesterday's close. The market: at the end of the first hour was steady and near the highs. REAL ESTATE LOANS BUSINESS PROPERTY 2/0 RESIDENCE LOANS AT LOW RATES FRED T. NESBIT 1010 Vermont Avenue N.W. Main 9392 iMoNEY Reasonable Rates and Prompt Action on all Applications. Real Estate Mortgage & Guaranty Corporation 26 Jackson Place Washington, D. C. L. E. Breuninger, President For the BUSINESS MAN | o1 cooL O NGE and. thern lUNC“!IEON \VARDMAN PARK-HOTEL Jpecial Midday Feature § LSOE R roun 12 NOON 29 D. C., THURSDAY., JULY 1926. Small House Market It you h: 1 h to SELL or wikhh to BUY=~for quick serviee con- " Frank A. Gibbons Realtor Expert Appraisement of Small Property ortgage Loans Insurance 308 Insurance Bldg. Main 218 in Rentals —by having us apply our proved - successful Man- agement methods to four property. Every type of rental property, every st uation™to meet or condi- tion to overcome—we em- ploy the fact-based meth- ods thz'\t produce profits. B. F. SAUL .CO. b Main 2100 925' 15th St. N-W. Gilt-Edge First Mortgage Notes Available In Amounts of $100 Up Secured On Improved City Property Mostly Medium Priced Homes 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 924 14th . M. 36 17th and Eye Sts. rz'o‘::i@i 5 o as 188 *°8800 montn. *°"° , This | b o oy Real One Arrange in adyance - with Our Trust Dept. | to act as your General Agent, and your Sum- mer out of towii will not interrupt the col- lection of income, mak- ing of investments, pay- ment of taxes or han- dling of other business details. - 34 Conference, will in né way obligate you Nationafl —112 Years Old. Metropolitan Ba duties of every nature discharged with efficiency and economy 15th St., Opposite U. S. Treasury The New York Life Insurance Co. Offers to Make L] + First Mortgage Loans On Improved Real Estate in the Dis- trict of Columbia and Nearby Suburbs i Montgomery County, Maryland FOR 3, 5 OR 10 YEAR PERIODS 5Y2% ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Apartments i Office Buildings Business Properties Interest —in the proper invest- ment of your surplus funds may miaMagk of interest you sho e re- ceiving on those funds! M,‘""fll' Consult— Notes 1OnH Saunders Cos 6%% First Building for the Future UPPOSE that you could be sure that financial trouble would \ never come your way. Even then it would be sound policy to save money and invest it ‘wisely. Good investments bring you an extra income. 'And when Opportunity beckons, you will have a tidy little sum ready to put into the enter- prise. For substantial, well paying invest- ments, choose First Mortgage Notes. Those offered by Swartzell, Rheem & Hensey Company return 61 % interest per annum. And they carry the prestige of an organization that has been established fifty-seven years without loss to an investor. Swartzell,Rheem § Hensey Co., Mortgage Bankers - | 727-15th. Street, AV, WashingtonDc. 57 Years Without Loss to An Investor REAL ESTATE NOTES | ; First and Second Trusts . 7 4 "« .Purehased on .. " IMPROVED.REAL ESTATE “* In District of Columbia aid Nearby Miryl_nnd_ Anternational Finance Corp. 400 Commercial Nav'l Bank Bldg. Probably. no ‘single factor is more definitely a hindrance to Personal. Achievement than is “the lack of a*Concrete Exam- ple of Your Ability to Save. " Our partial paymenl‘“jdan" ‘provides for the purchase of i our & b ‘First Mortgage Securities A Lifelong Monument. s fo ° J Your Thyift Mortgnge Investment Department /| ) ¢ iy Wise Investment .._ HE success‘of those who hold responsible positions -has been wong in many cases,- through their -wise choice. of investment se- curities.: : SO TFhe Federal Security & Mortgage Company deals in conservative mortgages, ‘based on stabilized property values, .thus ihsuring safety as well as offering a highly profitable return to the investor. - ¢ g The management comprises a group of bank- . ers, real estate and business men of excellent character and-high standing. - The cumulatiye preférréd stock bears an im- mediate return of 8%,. The dividends are free from the normal Federal irscome tax and the “ stock is free from the D. C. intangible tax. | 10 Shares 87, Cumulative) Preferred $10 par value. . . | 10 Shares Common, no parf valué... Al 3 $125.00 | C.E.MORAN & CO. o Incorporated INVESTMENTS i SOUTHERN BUILDING = - Telephones: Main 3628 - 369 Fiszal Agerys for FEDERAL SECURITY & MORTGAGE COMPANY S1x CURRENT ISSUES " OF SMITH BONDS CIRCULAR we have just published describes six issues of Smith Bonds which we regard as the most attractive group of investments we have ever of- fered at one time. 1. These bonds combine interest rates of 614%, 6349 and 79, with the safeguards that have resulted in our record ofyno loss to any investor in 53 years. 2. Appraisals by local real estate au- thorities, in the cities where the proper- ties are located, show the wide margin of security between the value of the prop- erty and the amount of each mortgage. This margin of safety is constantly in- creased by monthly sinking fund pay- ments, 3. The properties which constitute the first mortgage security are located in Washington, Philadelphia, Pittsburgh, Buffalo and Albany. You have a wide range of choice if you wish to purchase a single bond, and’a widely diversified se- lection if you are prepared to purchase several bonds. Denominations: $1,000, $500, $100 Maturities: 2 years to 10 years Send your name and address on the form below for our two booklets and for our current circular. THE F. H.SMITH CoO. Founded 1873 MITH BUILDING: Washington, D.C.-~Main 6464, W YORK PHILADELPHIA BUFFALO NO LOSS TO ANY INVESTOR N 53 YEARS