Evening Star Newspaper, July 26, 1926, Page 23

FINANCIAL, TRADING S SLOW IN GENTER MARKET Increased Receipts Tamor- row Expected by Dealers. Melons Moving. ‘There were not many scenes of ac- tivity in evidence about the local mar- ket this morning, dealers saying it was just another one of these dull Mondays. Fruit and vegetable dealers are ex- pecting increased recelpts tomorrow, belleving the recent rains will help growing crops, cspecially tomatoes and blackberries. ; Considerable activity in the water- melon market was reported. Receipts of melons have been heavy the past few days, and street hucksters, taking advantage of cheap prices, are buying and selling thousands of them. Today's prices were sabstantially the same as those at the close of Saturday’s market. Today's Wholesale Prices. Butter—Fancy, 1-pound prints, é6a 47; tub, 45a46; store-packed, 28. Eggs—Frebh selected, 30; henmery, 30a31; current receipts, 2 Poultry, allve—Turkeys, 3§; Spring broflers, 33a40; white Leghorns, 3! fowls, a30; roosters, 22; duck young, old, 16; keats, youns, 70a 80; old, 35a40. Dressed—Turkeys, 4 broilers, 38a43; keats, youns, $0a1.00; old, 40a50. ¥ Live stock—Calyes, choice, me- dium, 9; thin, hogs, heavy and medium, 131;; light, choice, 15; lambs, 13al14 Meats—Beef. 17a18; lambs, 30; veal, 19 190 fresh Ehmfldgm 25. Fruit and Vegetable Review. Today’s market report on fruits and vegetables (compiled by the Market News Service Bureau of Agricultural Economics) says Apples- demand slow, market dull; California, boxes, medium to large size Gravensteins, 3.00a3.25; Virginia. bushel baskets, Transparents, too few sales to estab- lish market. . _ Cantaloupes—Supplies very heavy demand moderate, market weak; Ar Salmon Tints, standards , 128 6 North Carolina, Green Meats, standards, 36s and 45s, best, 2.50a3.00; poorer mostly around 1.50; supplies not cleaned up. Lettuce — Supplies moderate; de- mand light, market steady; New York, 2.dozen crates, Big Boston type, 75a90. Onions—Supplies moderate; demand light, market steady, South Carolina, standard crates, Australian Browns, United States . 1, 1.50; 100-pound sacks, 2.50a2.75. Peaches—Supplies liberal moderate, market stea bushel baskets Hileys, 1. am‘l bushel baskets bertas, .25; sixes and bushel baskets Belle'(. ! 50a2.00, mostly 2.00; South Carolina, :flgshel baskets Elbertas, 2.00; Belles, demam‘l Potato Market Steady. Potatoes—Supplies Carolina, Virginia, tern Shore and Norfolk section, cloth-top stave and slat barrels Cobblers, U. S. No. 1, a3.50; few 3 Watermelons—Supplies liberal: de- mand moderate, market about steady: Georgia, bulk, per 100 melons, Excells 40-45 pound average, 70.00a75.00; 36- 40 pound average, 65.00; no carlot sales reported. Corn—Express receipts very light; homegrown receipts moderate and practically supplying the market; homegrown, sacked, per dozen Adams Early, 25a30; sugar corn, 40a59. Cucumbers—Supplies light: demand alow, market dull; Virginia and North Carolina, bushel hampers fancy, 1.00. ‘Peas—Supplies moderat; demand moderate, market slightly weaker; New York, bushel bask(‘ts Telephones, hest, 1.75a2.00. Lima beans—Supplies demand light. market steady Carolina, bushel hampers, poorer, low as 1.00. moderate: North CHICAGO LIVE STOCK MARKET| CHICAGO, July 26 (United States Department of Agriculture)—Hogs— Receipts, 27,000 head; desirable light hogs, strong to 10 higher; medium and heavy butchers, very un- even: spots 10 to 15 up; others around steady; big packers inactive; practical top 13.90; bulk desirable 160 to 210 averages, 13.65a13.85; most 230 to 300 pound butchers, 12.35a13.40; early bulk packing sows, 10.25a10.60; few smooth lightweight, 10.75a10.85; odd lots slaughter pigs upward to 13.90; heavy- weight - hogs., 12.10a13.15; medium, 12.60a13.85: light, 13.50a13.9 light light, 13.25a13.90; packing sows. 9.90a 11.00; slaughter pigs. 13.25a13.90. Cattle—Receipts, 23,000 head: large- : vearlings in liberal active, steady to y kind off steers slow se: best yearlings, early. some held avove 10.60; best v steers. 10.00: she stock, com- paring grassy _kind, weak: bulls, vsteady; vealers lower at 12.00a13.00 mostly. Sheep—Receipts, fat Jambs, weak to erns sold: early bulk natives, 13. 14,00; some sales to packers, 14 cull natives, 11.00a11.50; sheep, strong to 25 higher; bulk fat ewe: 0a7.0 sonme sales 7.50: few vearling wethers, 12.00; indications feeding lambs around steady. METAL MARKETS. NEW YORK. July 26 (#).—Copper, electrolytic, spot and futures, firm: spot und nearb; lower: no “ Northern, Northern, 1 No. 2, Sfluth L(‘.’!d firm: spot, 3 firm: Bast St. Louis, spot and s, 7.50. Anlimon_\'. pot, 16.00. ¥ KEAVY STEEL DEMAND. NEW YORK, July 26 heaviest demand for steel at this time of the year in the history of the in- dustry is reported from the Chicago district. The output of steel sheets is between 50 and 60 per cent of ca- pacfty. e GERMAN BONDS AND STOCKS. (Quoted in dollara ver milllgn rirks) o G Gt (w In) 5! "lN 18 llfifl(m l“llflm Fammnirg 4108 19 29:00 (Quoted in Hmd B mounud marks.) Ger Gen Elec. 4 %3 prewar. 4.00 " 9 00 en Elec 44 l.ll'l 00 Famb 32, Fhe 4 57 wr Amer Line ; :?{».':(;’E-mmn ovd 4‘"/., Prancion a8 -p-wnr. Munich 48 pre-war. Radische A Hadische Auilin . Aot e, S otk Disconta Bfldlku‘hl" Deutache P m?mmam ‘Banic &g ank | Vienn gt O I B ‘.'322%’23233;‘%2‘22 about like | P).—The R - NEW YORK CURB MARKET Received 'by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, July 26.—Nothing happened in the curb market at the start of the week to cause any change in sentiment toward the immediate fu- ture price movement. Trading was resumed in desultory fashion, with the bulk of operations professional in char- acter. Oil shares were offered in fair volume at slightly lower prices despite the hardening tendency of refined quo- tations in the Middle West. Standard of Nebraska, Ohio Oil, South Penn and Prairie Oil and Gas lost a half point to | a point. 1t was noteworthy, however, | that offerings were not pressed for sale | the way they had been the past week. Gibson was a feature among the lower- | priced members of the group and dropped a point on heavy offerings. The selling that had been overhanging Sales in hundred ’ .’&Alh Pick Bar vte 1% lum Co 70 f;fimnl(}ame:; B 3 vanam LA Gy & 'E FAm P & L Fam Ry .Tl Seating pi. Seating vte Superpow 4 !\'nvsmuu. = 5 5 53 lor 1 w IXon Crticfbie. . ant Mot... ... T LT o O et Hgg:fl:fl PG B& 1 lnn«( n Fub Sei Srtey Welte € A ageol Mot Co.. ed Purch A... ed Mot” Truck.. 4 Fed Mtr Trux n % Erank MILMC ot Garod_Cor 18 Gen }hkrpA 1 Py Wat Pow ¢6 148" mumu‘kn E. o1l Pratt&] 1 Trumbull_ St] rumbny 22 0n Blacult B Imp C. R e b et A 3 RRE e e S TR 2SS 008w P 23332250 R Washington Stock Exchange | SALES 1 Washington Gas 6s l'\—th at 10314 tlfl(' it 10 Nd etf, 3 |n:lon Rwy. & Electric pfd.—25 at Washineton Loan & Trust Co—1 at 476. Mergenthaler Linotype—20 at AFTER CALL. elown Gas 5s—S$1.000 5 B0 a1 100, Ganigal Traction Ae—g800.at 101, Washineton Gas 63 358500 ai 104%. S adnington Ry<. & Elec. pld.—30 at 89, W n R <. ptd.—30 at 89, R0 at R, 10 i 80" s ‘er pfd.—5 at 108%. Money—Call loans. 5 and 6 per cent. Bid and Asked Prices. ~BONDS. PUBLIC UTILITY, Telga. 4. 1 Fow int. at 100. | id 8% Asked: ) Amer. Tel. Amer. Tel, Am. Tel. & Anacostin & Pot. Potomac Flee. Potomae Flac, Potomac_Elec B mrr; . P il 3333233555 e gisai=sces St 523555 Sx 8 Wash!, Rwy. & El. gen. 6% & Chestout Farms Datry 6! C.. Paner Co. Mfe. Pot_ aoime fl]:,mk Tand Bic 3 SRR Cotd Sincaa Wardman Park Hotel 51 . STOCKS. PUBLIC UTILITY. American, Tel Tel. 1404 B i £93323 " 833232 % Potomac Elec. Potomar !‘kr < g Wash. Rwx. Elec. eom. wash: BvE & B SF NATIONAL BA National Cavital 2 T Columbia 0 Shi erican Sec Lontimental Merchante’ Binl o Raat Wheh, Loan & st SAVINGS BANK Cnmm&;u & Savines. rity ings & Com. deventh_Stroet nited State Washington FIRE INSURAN American gpreoran Fireme? National Unior Cotumbia Title Real By, To %ot 3. ‘cum e &% MISCELLANEOUS. 80 THE EVENING *STAR, WASHINGTON, D. C., MONDAY, JULY 26, 1926. Direct to The Star Office the market for Cangda Dry Ginger Ale and Consolidated Launderies continued to make itself felt, but declines were limited. No attempt was mnde to work for higher prices in the public utility sec- tion. On the other hand, there was plenty of United Gas and TImprovement for sale whenever bids appeared. Electric Investors were offered down almost a point, but declines elsewhere were not as pronounced, One of the few exceptions to the gen- eral tendency was Newmont Mining. which sold at a new high for the year at 66, where it was up from 631. As has been the case all along the mll‘ket | for the stock appeared to be respond- ing to continued improvement in the copper metal market, since this com- pany has heldings in other metal com- panies. MINING STOCKS. 06 11 By 10 00 o min - >z Emons 3D wns G e b om‘» Conper. ... er Goid M. 8 Eremier S0t > Rons S Do E O 2 ";’" R it i Bast M Sales INT reds. e Con Onfids . 9 Euelid O3 3 134 Gibeon OI1 Cor. ! Guli Oi) of Pa 34 New Mex Land 4 Qhio Fuel Corp 4 Pandem Oil. Peer Ol Corp. l‘;mmnk‘pll r‘nr(v)-l ¢ Reiter’ Foster O] 1Con O &R 20Y Sales 8 in units. 70 Buckeve P L mngr ntinent Ol 10 S i 1900 s..um Fenn Gil 100 Sonthe P L n Wi 080 Ind. S 0 Kansas. . S O Kentucky Am Gon « Am Fow & P& L 6sn 3 Anaconda, 4s Appal E PnEw B oq- o8 P 4 Obio Riv Otis sti 6e A 8% Pan Pet Ba1081 4 Pa nmo S50 0 A d0LS 5 108a o 1 ¥ ne.”) 108 24 <nun‘.m AL m 0N 5 x SmolteR B 15 102 Webster Mil 6325 06% s, FOREIGN BONDS. in thonsands 2 Antioqua % Antioqua 7s B Raden 7% &4 Buenos'A 73 8 13 1 i ; 1 H i 1 6. 85 e 103 Brant 83 ‘!u]rm Wal al 3 Denmarlc 514 Free St B 6148 wi aR s 918 M1 Pub \nu nh, 8 001, e & Hal I8 GOOD RETURN IN SHEEP INDUSTRY IS PREDICTED Continuation of good returns in the sheep industry is forecast by the De- partment of Agriculture. Reporting a 10 per cent Incréase in the 1926 lamb ciop, the department added that with the present demand lamb prices dur- ing the next 12 months may' average only slightly lower than during the last vear. some time, the department said there are no present indications of a rethrn to the very favorable market of the end of 1924, The indicated 10 per cent increase in the 1926 lamb crop, a probable in- crease in hog supplies next Spring, and a possible slackening in business activity are factors which department economists believed may influence un- favorably the outlook for marketing the 1926 lamb crop. e FEDERAL LAND BANK BONDS. (Quoted by, Alex. Brown & Closing,) . 53%% - > FEFREPTEELEFRT : 2 RasgRsssss CALL MONEY BTEADY NEW YORK, Jl\ly 26 (fl)-—-Cll.l.l money, steady: call ; closing bid, lateral, 6090 days, 4%ad¥%; 46 months, 412; prime mercantile paper, 4. STORM OUTLOOK SENDS COTTON UP Many .World Factors Enter Into Rise Today in Staple Market. By the Associated Press. NEW YORK, July 26. —(,otton fu- tures opened firm; October, 17.86; De- cember, 17.77; January, 17.17; March, 17.95; May 18.08. The market was still dominated by adverse weather Re\\! at the ovening today, and was to 19 points higher on first sales, with New Orleans, the trade and Jap- anese interests, spot and commission houses active buyers. Early reports mentioned the tropi- cal storm as approaching the South Atlantic States, while additional buy- ing was influenced by firm cables, a better situation in France, rumors of a possible ending of the English coal strike and a strong cotton goods market. Prices later advanced to 17.92 for October and 17.81 for January, or 19 to 20 points net higher, followed by Influence of King Is Giving Strength To Belgian Fran By the Associated Fress. BRUSSELS, July 26.—The Bel- glan franc, which has shown steady improvement since the granting of full powers, to King Albert in financial matters by the Chamber of Deputies, showed a further gain today. The franc was quoted at 187 to the pound and 38.325 to the dollar. Last Satur- day it was quoted at 198.75 to the pound and 40.90 to the dollar. F'ri- day’s quotations were 208.25 to the pound and 42.75 to the dollar. sympathy with favorable cables and early advances of considerable gain over Sunday. Wirst trades showed galns of 9 to 15 points, October trad- ing up to 17.85, December to 17.69 and January to 17.66, or 13 to 20 points above Saturday’s close. At the end of the first hour the market was steady and near the highs. STUDEBAKEB. PBOFIT NEW YORK, July 26 (#).—Net profit of the Studebaker Corporation for the first half of 1926 declined to $8,735,861 from $10,122,048 in the first | undertone was generally While wool prices may | continue near their present levels for | 4; time loans, flrm. mlud col- | half of 1925. This is equal after pre- ferred dividends to $4.51 a share on the common stock, against $5.24 share a year ago. Second quarter net .profit 'was $4,706,940, against $6,- 516,268 in the second quarter last small reactions. Offerings appeared to be very readily absorbed, and the strong. New Orleans Market. NEW ORLEANS, July 26 (#).—The cotton market opened firm today in Do You Need a Building Loan? We have a special fund set aside for this purpose and can give you smmediate action on .your con- struction financing requirements, at lowest current rates! Conault 0 i ] 1417 K Street—Main 9770 Over a Third of a Century's Experience Success With Your Rental Property —is the result of sound management. As Prop- érty - Management spe- cialists, we give you the benefit of our third of century’s experience. Just as we have increased _earnings for other own- ers, we can do it for you. B. F. SAUL CO. | EFFICIENCY RAISES U. S. INDUSTRIAL ACTIVITY Increasing efficiency of business and commerce raised the industrial and commercial activity of the United States during the calendar year 1925 to the highest levels of prosperity, the Commerce Department year book, made public today, said. “Apart from heavy speculation in the securities marks a summary of the book declared, “‘the year was not one of credit inflation or boom psy- chology.” The great expansion, when con- sidering the industrial and commercial fabric as a whole, was described as having “represented the continuance of condiilons scarcely interrupted since the middle of 1922,” and the basic reason given was the “increas- ing efficiency of industry and com- merce."” JAdmit Soda Jerkers. CHICAGO, July 26 (#).—The butcher, the baker and the hardy steel maker today extended a brawny hand of fellowship to the soda jerker. The soda. dispensers’ union was organized here as a branch of the International Allfance of Hotel and Restaurant Em- ployes and Bartenders. e Money to Loan firs! 1t state. ""pm".’mu mm.? .‘n':'x"' rnison: Joseph 1. T Real Estate Loans Business Properhex Apartment Homs - 0 Long Term Loans on Dw nmmnn The CnAplhl Realty é'o Inc. Insurance Bldg.. 15th and Eve N.W. i ve Vluh L& h & Prompt Action First Meortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & & 738 15th Stre Small House Market ¥ _you have a I house to SELL ‘with to BUY—for qulek service con- Frank A. Gibbons Realtor Expert Appralsement of Small Property zage Loans Insurance 308 Insurance Bldg. Main 218 We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street For the USINESS MAN ¢ COOL Main 2100 925 15th St. N.W. Jpecial Midday Feature - 3 . . —_I Equitable Co-Operative Building Ass’n JOHN JOY EDSON, President W \LTSF'I.!‘Q PRATT, Jr., Sfl'retlry Organized 1879 EAR COMPLETED 031,814.86 Surplus $1,352,749.93 Subscriptions for the 91st Issue of Stock Being Received JOIN THE EQUITABLE Start now and deposit systematic- ally in the Equitable each pay day— while you are able to earn—and when you are old your savings will take care of you. 915 F Street Assets They Have Always Been Safe . INCE the founding of the or- ganization in 1869, Swartzell, Rheem & Hensey Company has handled First Mortgage Notes on improved Washington proper- ties exclusively. This fifty-seven-year record of no loss to investors is the foundation of the confidence we now enjoy, You, toc, can be sure of the safety - of your principal—and earn 615 % on it—by investing in Swartzell, Rheem & Hensey Company’s sound offerings. “ Write for a list of -current offerings. Swnflzell Rheem & HenseyCo.. mwum,{u.w 57 Yur: W lthoul Lon to An I rwe:tpr S 1508 Nrown IN Company. Inc. | | FINANCIAL. We Bux&-Sell Unlisi cks &Bonds Stocks 0dd Lots Carried on Margin . Buck & Company —BROKERS— Established 1916 312 Evans Building 1420 N. Y. Ave. N.W. Tel. Franklin 7300 Direct Private Wires to New York REAL ESTATE LOANS ANY AMOUNT s 5199 | RESIDENCE LOANS AT 1.OW RATES FRED T. NESBIT 1010 Vermont Avenue N.W. Main n:n The New York Life Imurance Co. Offers to Make First Mortgage Loans On Improved Real Ejtate in the Dis- trict of Columbia and Nearby Suburbs in Montgomery County, Maryland FOR 3, 5 OR 10'YEAR PERIODS Houses e Y00 ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Apartments Office Buildings ational and International Reputation and Confidence Our investment business brings us into active lontact with every state in the union as well as 33 other provinces and countries. We have established international faith in the sale of First Mortgage Notes On Improved Washington Real Estate Annual. Return 612% Investment Department [SHANNON: & LUCHY 713, 715 and 717 14th St. Main 2345 (‘npltnl. Surplus & Undivided . _Cver $1,800,000.00 Not All Tlmes —have been “good times, since this bank was estab- lished. Cycles of prosper- ity and panic have come and gone at intervals dur- ing the past Century. {The Metropolitan has a record of SERVING SUC- CESSFULLY for over one hundred and twelve yvears, and believes you'll find satisfaction in_doing business with an in- stitution of proven strength. ONE DOLLAR WILL OPEN A SAVINGS ACCOUNT Paid on Savings (i g L] 1 xu i Metropalitan 1z 2 Bank 1 ‘2 lSthSt opp. U. S. Treasury . may seem advisable, and to give you our opinion of ~ CrANE, Parris & CoMPANY Inveslmenl Bankers Since 1883 SPECIALISTS IN INVESTMENT Since 1883 INCE 1883 the banking house of Crane, Parris and Company has been helping investors to select appropriate investments for their funds, and to build up and thaintain sound and profitable lists of securities. - At all times we offer a well diversified list of trust- worthy bonds and stocks, selected with care from available offerings in the investment market. We shall be glad to assist you in selecting from this list the securities which are best suited to your needs as to type, marketability, maturity, interest dates, etc., and ‘to’ furnish you with complete descriptions of issues in which you may be interested. If you wish, we shall be glad also to review your present holdings, to suggest any replacements that the best course for you to follow in future. You may feel free to consult us at any time, with the assurance that by doing so you incur no obligation. dcopy of our current offering list may be obtained upon request in person,, by mail, or by telephone. 823 15th Street, N. W.' Telephone, Main 593