Evening Star Newspaper, July 27, 1926, Page 25

F EANTALUUPES i | LOWER N MARKET Weakening of Poultry Prices Also Reported—Meats Are Unchanged : Very heavy chiefly from Arizona and North Caro- lina, met a moderate demand and | weakened mark Prices covered a range of from $1 quality finding ve Liberal supplies ipplies of Aloupes, little sales of peaches from ina continue aken the market. Pri from $1.50 to $2 The fruit is said to be of good quality and , and | the supply is so heavy that dealers | are scarcely able move all their stock to the ntage. A slight of prices poultry was today, prices’ remainin of rted at . 1-pound prints, acked, 28. hennery, 28 : \prlng Five wtoc dium, 9; thin, medium, 1313 v and ambs, and Vegetable Review. market report on fruit and compiled by the Market Bureau of Agricultural vegetables, News Service Eronomies, Cantalo demand moderat * salmon tint few highe North C: ndards 36 250 poorer cleaned up. Lettuce- mand light, very ‘heavy: ket weak; Aric standards’ 458, umbos 438, 1.50 green meats, best, 2.00a low as 1.00; supplies Supplies moderate; de- market firm: New York, , big Boston type, ¢ higher. Supplies moderate; demand steady; South Carolina, Australian Browns, 1, 1.50; 100-pound “Peaches—Supplies liberal: demand market steady; Georgia, haskets, Hileys, medium size, 6% and bushel baskets, El . medium to large size, 2.00a 2.25: fs and bushel baskets. Belles, medium to large size, 1.50a2.00, most- Iy 2.00. Potato Market Steady. Potatoes —Supplies moderate; de- mand moderate, market steady; North Carolina and Virginia, KEast Shore and Norfolk section, cloth-top stave 4 Cobblers, United Watermelons—Supplies heavy; maud moderate, market steady gia and Scuth Carolina, bulk car Thurmond Grays and Belles, 32.pound average, 350.00; 30-pound average, around 300.00: 28-pound 5.00; 14-20-pound average, 200.00 Apples—Supplies liberal; demand elow, market dull; California, boxes, medium to large size Gravensteins, 3.0023.25; Virginia, bushel baskets, Transparents, 75a90, mostly 75. Corn—Supplies liberal; demand mod- erats; market weaker; homegrow: #acked, per dozen, sugar corn, 25a35. Cucumbers—No sales reported. Peas—Supplies moderate; demand moderate, market slightly weake: New York, bushel baskets, telephone: mostly 1 Laxtons, ordinary quali and condition, Imml 25, SUPEB.POWEB SYSTEM NEW YORK, July 27 (#).—A new superpower system is being created in the Middle West by the Interstate ® Power Co., one of the principal oper- ating subsldiaries of Utilizles Power & Light Corporation. Construction plans include extensive additions to power plants in all parts of the terri- tory served, building of high tension transmission lines and new sub- stations in many sections, A gub- stantial part of the program already has been carried out, including in- stallation of a new 10,000 kilowatt turbine at tha company’s power plant at Dubuque, Towa. de- Geor- per Dixie 325.00a mostly average, 150.00a consolidation of the Armour Leaiher Co. and the Sylva Tanning Co. under the name of J. K. Mosser Lenther Corporation of Chicago. The new corporation has authorized 600,000 shares of no-par-value stock, assessed by the State for taxation purposes at $60,000,000. Actual capital involved was not stated. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) : um:,'ma;:: e 1 Bs 1036 . . £s 1020, 1933 3323383332 23332328338 BELEEELE. PR REE PE & T Borthers = 193¢ Bias m"Q Bt .s&lg R, ¢ g Sl D‘L{J" it Line 3;:::"3 R: 78,1930, 2", b PG sy Lssz " e 8 Co. il Co. on/bac. u S. Rab fostorn Union axv ‘Westinghouse E.& e T & SESERasSEessaRsT! GERMAN BONDS AND STOCKS. tQuoted in dollars ver millign, m-r;t) . S0t 0 38,801471° 10080 112808 (Quoted_tn dollars per thousand marks.) S on il Y?i;" 23‘00 in gy grevar,. 19 > g 22 33 orerey R M £32332232333 95 82333333333 L T Tt 4 TR a-M as Munich 48 pre-war. Badiache Auilin b ‘Gen ¥ ummm aud ’Mv;.: ‘Bani ]‘Nldhér Banlk . Dettache Bank Diritstaedter g Banl )l Hievien Che At A E & e Berlioer Hundels :38335333%2 St oeizoacon o =EEENE e 3 523 255582288 o 2S5 m z geugee $ins TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) e B e 5% uf?-l. P ; INAN | flow « ranged | | Culu CIAL. NEW YORK CURB MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, July 27.—Trading on the Curb Exchange today was quiet, but the better tone noticeable at' the start of the week, was again in evi- dence. While the greater part of the list wak disposed to recover only mod- erately following the recent selling, the demand for a number of special as particularly noteworthy. the outstanding features was the sudden activity and strength in New Mexico, and Arizona Land. The sudden upturn in this fssue ac- companied the report that a heavy gas had been struck in the company’s Hubb well which has been under development for some time. I'rice tmprovement was no | ed, hov , the stock up from 14% Another feature was renewal buying in kolden Center Mines. v the activity in this stock \Wall treet had the telegraphic advices from Candle Creek place that the the of NEW YORK, July 27.—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 .m.l including the close of the market. INDUSTRIALS. h Pi o ik IAllwd ek e % 2 Alli P senior pf } Amal_Leather Cyanamd bl uperpow read C pfd Balaban & K vic g Won..: S ERCSRRE B Cont 1 Bak pid. “opeland P A ww K De For R C vte Dixon Crucible. Dubilier € & Ra T 1 Em Pow Cor new 17 Bk i Sort $Ene Pub ser vt Eorn Fajardo Sugar Co Fed Purch. B Fed Mot rug B, R Gillette s R 4 Glen Alden Chal’ 8 Goodyear T & R 1 Grimes R&C R Hapniness € 814 e TRy i PR e, & Wt Pow Co 141 1M Tne 39 111 » e e Buuail aunty A 1 Stromb Carls Tel 34 = 34 Washington Stock Exchange SALES. Capital Traction 5s—$600 at 1 O:gr(::\o\rn T 233000 %t 106, 86,000 G b £600 at 101, wy. ] '7'46.7310000 a B2%. at Wadhin Tamh P hmu‘ Elec. Pow. pfd —‘J" at 108 Washington' Gas Light—10 at 69 Waan Rwr. & Ble pia—10' .: e Nath. Mige. & Inv. pfd t 8%, AFTER CALL. ‘Wash. Rwy. & Elee. ptd.—10 at 89 M'Tflnlhalfi' Linotypa—10 at 105 it 51 . 1 Traction Bs—S$500 at 100 % ';v'a"mmnnmr:.. fin AB—$100 At 103, TUNLISTED DEPARTMENT. Chapin Sacks & pfd.—5 at 99. 3 at 09, 2atl Money—Call loans. 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UT! Georeetown Gas 1w Potomac lec1at b Potomac t w..mni-.m Ghe s vach. Rws. & Elec, s, Wach: Ruy. & B aei 4 MISCELLANEOUS. §he-m'v’|' P‘lrm! Dairs 8% ot Toint. <(nrk 1,.m| B Bi Southern, waoihd, Y st STOCKS. PUBLIC UTILITY. fi::‘r‘h}n 1‘2! 'l‘l‘I Telg: Amers T ac Qanhie " Poma: Hlec Wn{z Ru). & F(a\. vrd. NATIONAL BANK. 35k Jut, Gt E ‘om, -'«Tnnnl Bank of Wash.. TRVEL QOMEANY. Amertean Secur Continent ntal Trust \mzrlcm rcora U TITLE INSURANCE. bll 'fl . MISCELLANEOUS. r pfd.. g«k al gf axe b "Efln & Yerd sn‘n Direct to The Star Office number 1 dredge recently placed in Loperation, is showing a recovery of more than $2,000 a day and that the number 2 dredge will be pla operation shortly. This property wnn acquired by Golden Center last April and actual operations of the dredge shows a recovery of aupmxlmnmv $2 a yarg, as compared with previ- ous estimates of $1.30. The combined property has produced more than $5.- 000,000 in gold and has an equipment value of $560,000. Newmont Mining was another out- standing strong spot among the mire ing issues, selling Into new high ground in sympathy with strength in copper shares generally. 'he ofls did little, but the tenden- cy was toward slightly higher prices. Public. Utilities were neglected, but it_was noteworthy that the offerings which came upon the market for United Gas and Improvement during the past few days, had apparently In"an absorbed. 1 Stutz Mot Swift & 1 o by "Tubi ;aum nly L ini Bisenit B- h /an ¢ Pie b Warner hm‘..m e it Pow el Lid 40 Vimniess BN 18R MINING STOCKS. EE LTI ) i Salenin, “""wlm Command x (m i obe n & Gld M ot 1 reka Croesus. 140 Flor Goldfid M. BOK Golden Cen M . 10 Goldfield Con 40 Hawthorne M * 14 Hecla Min 7 Kay Copper Cof., = e PR 4 &FF ey Noran, 10 Piymouth T So Am Gold & P 350 Spearhead G 10 Tech Hughes 1 Tono Belinont 5 Tono Min 2 Uni_ Verde Bit. 3 Utah 2 Salex !bDEI’b,hDEN’\‘ OIL § in hundreds. 1 Amer. Con Oilfids .85 i Am Maracaibo C 10 Beacon Oil .. .... o .,',“.! A - N 8 See BB bl Slumpia Synd. e masIe B B3 A S S BD R Northwest Oil, .. .0 l‘nm o PO P il int PR R PR~y PR il Shiam C :‘J}f FELEEEEEE 6 Salt ¢ 23 Tide Water Oil. 1 Tidewater O pid 7 Venezuelan Pet 16 Warner Quinl. 2 Wileox 0 & Woodley' Pet hew g B 13 Disw tnom aDi 13 2 §2H8.588030854235 08 . - 100 Anxlu Am 0il 10 Borne Scrymse K00 Buckeye P L v Continent Oif 2400 limo 01 of i ap0 Ind PL - 6500 Inter Pet 200 \a Transit Y Transit vvlmmn., oil . 1700 Prairie Q&G 100 Prairie P L 3 1300 South Penn 0 S 0 Ohio B Wi nz 2 400 Vacuam ON. . 10214 Rales in bia Tex 8 .mmn u. A’ s 88 5% th B F 6s A l'(;fv.uu Vn\md L 100 N Lehigh Pow fs A 04 ’, § o8t Pow 5 B 4 4 Ohio Riv Ed On 8414 11 0tis SO Gs A 681 Pan Am Pet (a 108% Av 6108 g 101 t"a R Schulte R Eet. 13 Schvite B E @ FOREIGN BONDS. Sales in’ thousands. FESRER SRR 2 e n S e S soorsescooe 233338 e © ln Mill M etherland 2 5 0033082000 oon: 3 3323333 B B IDD BRD BIN BB 1B D11 oy, 21 9oo090953 2,0 EEESEEEEEL S o B3 S>> rnions tom e 33 »agid - 233333 - 33 3 ‘WOOL MARKET QUXET. BOSTON, July 27 (Speclal).—The wool market was quiet today with prices unchanged. Attempts to force higher prices have not been success- ful, nor gre mills able to secure lower prices. A fair weight of fine wool is moving with delaines at 45 cents grease basis. Choice Mcntana staple has recelved blds of 82a%5c clean hasis for quarter blood and $1.02 to $1.05 | for half bloods strictly combing, but the bids have. been refused by grow- ers who held them here on consign- ment. Carpet wools are firmer. THE EVENING STAR, SOUTHWEST GRAIN BELTIS WEALTHY Record Crop of Wheat This| Year Has Greatly Increased Bank Deposits. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, July 27—Bank de| posits in the Panhandle-plains coun- try of the Southwest are showing sen- sational increases as the record-break- | ing wheat crop of that district is har- w vesied. A general gain of 60 per cent is registered in 26 Panhandle cities. Deposits in_some cities have doubled in the last fortnight. The, wheat belt of Oklahoma is teeming wealth. Farmers have har-| vested the largest crop in the history | of the State. Some florid estimates place the yield as high as 97,000,000 | bushels, but the more conservative place it around 76,000,000 to 80,000,000, Kansas has the second largest wheat | crop on record, and its sale is spur-| ring purchases of every other kind| of merchandise in that section. Tllinols Wheat Crop. | The Tllinois wheat erop has shown | ? exceptional improvement during July and the corn crop has picked up to a marked degree, due to favorable | weather. These facts indicate that | the agricultural outlook is better to- day than at the beginning of the month. Taken for the country as a | whole, it Is perhaps less satisfactory | than at this time last year, but the drop from 1925 now promises to be less severe than was anticipated. Some farm products seem likely to | v, but the trend | any means. For example, according to indicated | acreage, condition and yleld, and based on present spot and future quotations, | the wheat crop is expected to bring | around $1,215.000,000, a gain of 11.8 per cent as compared with last year. Oats also promise to show a gain| around 10 per cent, but corn is low, and cotton and tobacco are expected to show decided decreases fn dollar vleld to growers. According to these figures,, South would seem in the worst po- sition. Yet such probably will not be the case, owing to the diversifica- | tion of crops and fruit yields. The| Northwest will feel some effects of | the reduced Spring wheat yleld, but | it should be remembered that live stock prices are higher than a year ago. i Weather To Hove Effect. The movement of fresh grapes this season s expected to make a new | record, but early bids are from $2.30 | to §5 a ton lower than at this time | last vear. The outlook for sugar| beets I about 10 per cent lower than | . although Montana, Col-| ‘voming and Nebraska will | ! probably produce more than in 192&“ The largest drop Js in California and | Idaho. Most of these forecasts and figures are based fore the the 1 conditions existing be- | ¥ month of August is over. Weather may materially uf fect corn, cotton, beets and other | products before final harvest, with corresponding price changes. Alfalfa, | through the sale or use of both hay | and seed, is llkely to prove a life| saver for some districts. | Canada 18 going to become a | larger factor in the prices American | farmers will get for certain cropw, | The vacant land of the prairie prov- Inces is being mn!dh {aken up. FINANCE PURCHASE Anaconda Copper Issuing Bonds in Von Giesche Mines Deal. By the Associated Press. NEW YORK, July 27.—To finance the acquisition of control by the Ana- conda er and Harriman banking intevests the Von Glesche zine min ing properties in Silesiu, a $15,000,000 15-year 7 per cent bond Issue of the new holding and operating company, the Slleslan-American Coporation, has been sold to a banking group headed by W. A. Harriman & Co. and Lde, Higginson & Co. Public offering of the securities will be made later this week. Cornelius F. Kelley, president of the Anaconda Co. announced that pro-| ceeds of the loan, together with a part of the Silesian corporation’s capital stock, would be used to pay for the stock and bonds of the Von Giesche concern. Resides its $15,000,000 bond issue the new company will fssue §1 000,000 of preferred stock and 200,000 | shiare of 1o par valus common. COCA COLA DIVIDEND Regular Quarterly of $1.75 on| Common Declared by Firm. ATLANTA, July 27 (#).-—-The board of directors of the Coca Cola Co. yes- terday declared the regular quarterly dividend of $1.75 on common stock, The dividend will be payable October 1 to_stockholders of record Septem- ber 15. Karnings of $2,957,546 before Fed- eral taxes were reported for the quarter, against $2,939,231 for the second quarter of last year. KEarn- ings for the first six montha of the year were reported at $4,695543, or $9.30 a share before Federal taxes. BROKERS' LOANS. . Loans held by brokers and dealers from New York City Federal Reserve member banks amounted to $2,620,- 952,000 for the week ending July 21, compared with $2,61,257,000 for the previous week, it is announced by the Federal Reserve Board. PORT TRADE INCB-EABES. BALTIMORE, July 27 (Special).— Imports through the port of Baltl- more showed an increase of more than $800,000, and exports un increase of more than, $400,000 last week as compared with the previous week, ac- cording to the weekly report of the collector of customs. Total imports for the week were $2,281,580, of which $1,525,056 were admitted free, while exports amounted to $2,111,172, and consisted principally of coal, woodwork, copper, tobacco, manufa tured steel, cornstarch, oatmeal, flour. tinplate, steel, sulphate of am- monfa, lard and black ptpe. PRICES ON PARIS BOURSE. PARIS, July 27 ().—Prices moved irregularly on the Bourse today. Three per cent rentes, 51 francs; exchange on Lonndon, 196 francs 75 centimes; five per cent loan, 53 francs 25 centimes; the dollar was quoted at 40 francs 51 centimes. Feriod., Rate. e, or sie. ot 75 ‘2&0 i 3 4 1% % Stock e AU 1S Have You Been Stung Yet? Some men have to get stung good and hard befor: they learn to be s:u- tious in making investments. 3 you Invest—investigate! WASHINGTON, D. C, | resuit that first prices were 13 to 17 | threatening { close. COTTONISLOWER ON-FREE SELLING Traders Take More Favor- able View of Weather Sit- uation Today. By the Associated Press. NEW YORK, July futures opened easy; October, 17.71 December, 17.6§; January, 17.62; | March, 17.79; M 17.95. Taking a more favorable view of the weather | situation, traders sold cotton rather freely at the opening today, with the 27. — Cotton points lower on active positions. Liverpool, Wall Street and commis- ston houses all had cotton for sale in |the early market, and aside from the connected with the trop- which_ still seemed to be the Florida Coast both weather and crop news appeared to be less bullish than they were yester- day. After the opening Wall Street was a good buyer, but secured its cotton easily, and the market dropped off to for October and 17.59 for Janu- ¥, or 15 to 20 points below the provi- ous’ close, The forecast for clear weather in the Western belt, with expectations that the tropical disturbance would | diminish as it worked 'Northward, caused further selling pressure to- | wards noon, under which October weakened to 17.63 and January to 17.66. The market then became quiet, awaiting detafled weather reports. New Orleans Quotations, NEW ORLEANS, July 27 Cotton futures opened stea tober, 17.65; December, 17.4 |ary, 17.44; March, 17.50; Ma; The market was steady toda to lower cables than due and ¥ reports of little rain in the Western | | belt, First trades showed losses of 9 | to 13 points and the market continued to ease off during the first hour until | October traded down to 17.53, cember to 17.37 and January to 17 or 22 to 23 points below yesterday At the market was steadler and 5 to 6 points above the lows. (fl)-—- FIRST MORTGAGES FOR SALE 6Y2% THE TYPE OF SECURITY (SONRERVATIVE In dennmmnmn- of $250, $500, $750, $1,000 and upwards, se- cured on improved real estate situated in.the District of Columbia. JAMES F. SHEA 643 Louisiana Ave. N.W. TUESDAY, JULY | Business Propertm Apartment Honus ) ... 0l the end of the first hour | § BUY Real Estate Gold Coupon Bonds Secured by First Mortgages GUARANTEED By The United States Fidelity & Guaranty hmlnln.v Resources, §16,000,000 TO YIELD 6% Plus tax, refupd up 1o Deacriptive Sirvuisy wpon reoucst CHAS. D. SAGER “Since 1905 924 14th Street N.W. Main 36 LOANS We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of est. Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Thirty-Five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. inter- 1926. Money to Loan t deed of trust on real estats. Interest and commiseion, oy ok & Trust Joseph " MONEY TO LOAN Any Amount nd 3rd mortzages. payments aver 1. 2 period. rates, quick service. TTTSStion” 1 poventct, Realty Loan Co. 1417 F St. NW. M. 411 | Real Estate Loans Revay Your Long Term Loans At Low Interext Rafes The Capital Realty C Insuran J5th and Eye 3 We BuZ&SeII Unlis Stocks & Bonds Il;lman & Co. ¢ NW- Available for Real Estate Loans in Any Amount. Reasonable Rates and Prompt Action on all Applications. Real Estate Mortgage & Guaranty Corpo¥ation 26 Jackson Place Washington, D. C. Y. E. Breuninger, President p/// For the, BUSINESS MAN cJ COOL PLUNGE and thern LUNCHEON \WARDMAN PARK HOTEL Jpecial Midday Feature 4 1503 0w Capltal Surplus and Undivided Profits Over $6,500,000 BRANCHES Central 7th and Mass. Avenue N.W. Northeast 8th and H Streets N.E, Southwest 7th and E Streets S.W. Northwest 1140 15th Street N.W. 612% Amounts $100 and up sy, yet Mortgage Notes sponsored by an Cautions you to invest safe- years' standing. i Snders Coe FOUNDED 1887 ]433 K Street—Main 1016 profitably, in First organization of 40 FINANCIAL. Send for This New Circular | OUR current offering circular describes several new issues of First Mortgage Bonds,secured | by modern, income - producing | es in Washington, Phila- | delphia, Pittsburgh, Albany and Buffalo, which pay | 63%="T% ‘The margin of security behind these bonds is constantly in- creased by monthly sinking fund payments, and you have the pro- tection of safeguards that have | resulted in our record of no Joss to any investor in 53 years. Mail the form below for our two ‘booklets and our current circular. Te F. fL S Go SMITH BUILDING to suit any exceptionally rent 850 ench. juare tow 1.66 floor nd store 8200 month. One. avatiable.” | Boston Buffalo Albany Minneapolis Name. Familiar Phrase “As good as a First Mortgage Note” How much that implies— SAFE—Secured by Improved Real Estate. DEPENDABLE—R::I Estate in Washmgton l! doubly Soufld !l“ce l' 1! lol‘nted mn the Capital City of the United States of America. REMUNERATIVENever in the history of our Investment Business has any client of ours ever lost a penny in either prin- clpal or interest. The present annual rate of return is— 6Y2% Mortgage Investment Department IS ON LUCHS TIS 1th St Main 2335 HARMONIZE YOUR * INVESTMENT Preserve ‘a judicious balance between the factors that make up your investment<—principal protection and interest income. Our 6%% FIRST MORTGAGES —safeguard your surplus funds with the security of value- proved improved local real estate. Steady demand for that property results in stead income from it. And ing these preferred s ities, caring for your best interests throughout each step, is our ex- perience of a third of a century without a loss. B. F- SAUL CO. 925 15th St. N A Therd of a Century Without a Loss Main 2100 The New Yorlz Life Insurance Co. Offers toe Make First Mortgage Loans On Improved Real Eitate in the Dis- trict of Columbia and Nearby Suburbs in Montgomery County, Maryland 3 FOR 3, 5 OR 10 YEAR PERIODS =z Y500 ON APPROVED SECURITY Apply RANDALL H. HAGNER &~Gon1=un" MORTGAGE Loan 1321 Connecticut Avenue Goluu:svmm'r : quhn. Main mo Double Scrutiny EVERY step you climb toward your ulti- mate goal must be attended by a careful choice of footing. Your stride must be full. Yet you dare not slip. Likewise every investment you make must bear a double scrutiny. It must be safe, yet offer an adequate return. The integrity and long business experience of its management at once give a high factor of safety to the stock of the Federal Security & Mortgage Company. The cumulative preferred stock bears an im- mediate return of 89,. The dividends are free from the normal Federal income tax and the stock is free from the D. C. intangible tax. 10 Shares 8%, Cumulative Preferred $10 par value. . 10 Shares Common, no par value....... $125.00 sesessncs G. E. MORAN & GO. Incorporated INVESTMENTS Southern Building = - =~ Telephones: Main 3628-3629 Fiscal Agents for FEDERAL SECURITY & MORTGAGE COMPANY 1412 K STREET NORTHWEST WASHINGTON, D. C.