Evening Star Newspaper, July 28, 1926, Page 25

FIN PRODUCE CHEAPER INGENTER MARKET Tomatoes and Green Corn Go Lower—Berries Also Cost Less New. Tomatoes today were as cheap fs they were before the dry weather affected the crop prior to the rain the latter part of last week, and other vegetables also were more plentiful and cheaper. Dealers reported a price of 50 cents for a 2.peck basket of best stock tomatoes. seconds selling at 25 cents, ! and they were so plentiful that the demand for them was not great Increased receipts of green corn from nearby farms have resulted in lower prices for the vegetable that elw: is in demand. Sugar corn was quoted at $1.60 a sack of 5-dozen ears, while corn of the Ideal variety, | lacking the sweetness of the other kinds, was offered at $1.00. | Potatoes from nearby farms, good size and well graded, were offered at $4.50 a barrel, shipped stock sell- ing a dollar cheaper. Dealers say the nearby stock {s much better than that chipped frem distant points. Cantaloupes, watermelons, peaches and blackberries were plentiful today dealers reported. and cheap prices ruled. Cultivated blackberries were | quoted at $4.50 a crate, the wild ber- ries sofling at $2 and $2.50. . Today's Wholesale Prices. Butter—Fancy, 1.pound prints, 46a 47. tub, 45a46: store packed, 2. Eggs—Fresh selecied, 30. hennery, 31a32; current receipts 28, Poultry. alive—Turkeys, 38: Spring | broilers.” 31a32; white Leghorns, 30: fowls. 20: roosters, 22, ducks, voung, 20: old, 16; keats, young. 70a80: old, 35240. Dressed—Turkeys. 40: broil- | ers. 32a38; keats, young, 90a1.00: old, 40250, i Live stock—Calves. choice. 12: me. dium, 9: thin, 6a7: hogs. heavy and medium, 133, light. choice, 15; lambs, 13a14. Meats~Beef, 17a18; lambs, 30; veal 1%: dressed pork, heavy, 19: pork loins, 35a36: Westerns, 30a32; hams, 32a3¢; shoulders, 24a25: fresh hams, 82a24; fresh shoulders, 25. Fruit and Vegetable Review | Today's market report on fruits and | vegetables (compiled by the Market Eervice News Bureau of Agricultural Economics). say NCIAL. * Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, July 28.-—Failure ‘of the curb market to respond more so than it did to the improvement which occurred on the Stock Exchange to- day was canse for considerable disap- ‘buintmem among holders of stook. The opinion has prevailed for some time that mny change in speculative sentiment would be reflected in u more active market. Trading' was practically dormant throughout the greater part of the session. the only feature being the {continued activity in a number of speeialties which have been more or l)(‘ss to the front recently for special | reasons, | One of these was New Mexico and { Arizona Land, which was bought at slightly better prices, still responding to reports of important developments on the company’s property. Another was Golden Center Mines, which Sales in 9 5 ] SOt Close 04 [ 187 1 a 1 m Gas & EI . Gas & El nt S i) 21 2P b k nw 23% ord Mot C_Can 810 Foungation ¥o & 18 Apples—Supplies. liberal: light; market. slightly weaker: Vir: ginia bushel baskets transparents, s0a | few higher. 1 Cantaloupes—Supplies heavy mand moderate. market we: ton salmon tints, standards 45s 75al Jumbos, 1.252 few higher;| ponys 54s. 15: flats 128 and 13s. 50, North Carolina, Green meats, stand ards 36s and 438 best, 1.75a2.25, poorer low as 1.00. Supplies not cleaned up. | Virginia, Norfolk section, crates sal.| mon tints. mostly 1.25. Lettuce—Supplies liberal: demand light, market steady. New York, * doz- en crates big Boston type 75a1.00. Ontons—Supplies moderate; demand light: market steady; South Carolina, | Australian browns, ; 100 pound sacks. moderate; de- market firm. Geor xes Elberta mand moderate, gia. bushel ba large size a el baskets Belle: Potato Market Firm. Potatoes — Sup, moderate: de- mand moderate, market firm: Virginia. | Norfolk section and Eastern Shore, | cloth top stave barrels, cobblers, U. . | No. 1..3.50; few higher { Watermelons—Supplies liberal: de- mand moderate. market steady: Geor- | gia and South Carolina, bulk. per car, | Thurmond Grays and Dixie Belles, 32 pound average, 325.00a350.00; 30-pound | average, most around 300.00: 28-pound | : 14 to 20 pound aver- i Corn—Supplies heavy; demand mod erate, market weaker: homegrown, sacked, per dozen, sugar corn, 20a25; Adams Early, low as 8. i Cucumbers—Supplies light: demand | moderate, market steady; Delaware and Maryland Eastern Shore, bushel . hampers, fancy, 1.00a1.25 Peas—Supplies moderate; demand smoderate, market fairly steady: New York, bushel baskets, Telephones, mostly 1.50; Laxtons. ordinary quality | and condition, 1.00a1.25. WOOLS ARE STEADY. BOSTON, July 28 (Special).—Ter- | ritory wools were in best demard to- day in the local market, but prices beld within the old range. Fine gorts are having the call this week. Worsted mills are dojng the bulk of the buying here and it Is reported that woolen mills are pretty well stocked up with raw material. Strict- Iy combing fine territory grades are held for 1.15al.17,.clean basis, with French combing wool at 1.00al. Fleece wools were quiet PRICE ON SILVER. NEW YORK, July 28 (#).—Bar silver, 643 Mexican dollars, 49. GERMAN BONDS AND STOCKS. | (Quoted in dollars ver million marks.) . Asied. r Gt (w In) Bs 101418 1150.00 1200.00 amburg 4148 1919 .. 11000 125.00 (Quoted in dollars per thou: Ger Gen Elec. 158 pre-war, Ger Gen Elec 4153 1910 ... pre-war o8 & 43 Tre-war mer Line 4 g8 an Lloyd 4las 6.00 | Liovd pre-w Frankfort a-M 4s pre-war. Munich 48 pre-war Eagische Anilin ... A'E G (German Gen Eleci Commerz and Vrivat Bank Disconto Gellschaft 4 Dresdner Bank ... .. Deutsche Bank ... Darmstaedter Bank Mercur Bank Vienna. Heyden Chemical Aust A EG (6 El Berliner Handels SHORT-TERM SECURITIES. (Quotutions furnished by Redmond 4 Co.) Noon.—— dirond, P. & L. C. 6 élnm%n. of Amer. 7 Am. Beet Sugar 6s 1 Am: Tel & Tei o 4 Anaconda Copper s A:Juodlled‘?lt{;hd! Pi5, timore 10 65 thichem Steel 58 1036 Central of Georsia s 1y Chi.. Mil, & St P. 63 19 City' of "Lyon & Cofumb. G. & Continental G. & Federated Meials Fishar Body ar T, o tEE 3E3T23E; SRS ZmSSw 21353 %SS4 < 0 30.00 | remen’s | National Union. : naa A Glen Alden Chal. 184 8 22 Goodrear Ti & R 38% 20Grimes R & CR © & Hazeltine Cor 13 Hellman R nt 1 Horn & Hardart 27 Kevato ~ Solether. 4 Kruskal & Krus 1 Land R ¢ THE EVENING STAR. WASHINGTON, D. C., NEW YORK CURB MARKET Direct to The Star Office made up the bulk of the trading in the mining section yesterday when more than 62,000 shares changed hands. The demand for this issue ac- companied reports that the No. 1 dredge recently put into operation on the Candle Creek placer was showing a recovery of $2,000 a day. Newmont Mining went into new high ground, continuing the bright outlook for the copper shares as & result of {mprovement which has come over the copper metal market. In the bond division National Dis- tillers Products 6%s furnished the feature, running up to 98, against the previous sale last week of 96%. In the absence of any fresh de. velopment in the oll situation stocks in this category remained dull, with little change in prices. American Rayon Products continued under pressure, selling at a new low for the year when further offerings came upon the market. L Pttt o 5 A Timken Axle 2 Todd Ship .. 1 Trans Lux Pic A oin S e F R o .. e rr L & Sh opt] way S Lt & Ht nw n El Ltd FFEE T = o Rt > 7 EES Gld M Lid 1 M. .08 M 34 Eng Flor Goldfld Golden Center Hawthorne M & FEET > B - Zas XD N E RSB 2k 13, - o, old & P 3 Gold.. .03 o Beimont - ono_Min - R e i Verde Exi Wenden Cop .+ . Sales INDEPEN in hundreds. =3 New Mex Land.. Qhto Fuel Corp andem Oil. ... 3 pennok Oil Corp. 3 Reiter-Foster il B Roal CO & R all Corn new B Ml Weat THL 1 Mid W T ned 1 Mohawk Hud Po 13 MoRawk Val new a0y 10% - '!:uv:l ':uh C % e kel 4 Swift Intl 2 Thomp Rad 102 a8 ZaEm st .50 Washington Stock Exchange SALES. Canital Traction 5a—S500 at 100% ,Washington Rwy. & Elec. 45—$1.000 at Wiahingt ”;Mn_x'..'?‘; Rws. & mml.ox. & r. 80— otom Nec. nr. pfd.—1 t 1084, 8 o Wotemac, Ele, or. b at 1084 \Federai-American ~National Bank—10 at Continenta? Trnst Co.—10 a1 91 National Mtge. & Inv. nfd—20 AFTER CALL. Washineton Rwr. & Flae. ntd.—10 208, R at KON 10 at 80N, 10 ‘at 89 20 ai AON. 10 a1 AN oy Gontinental Trust Co—1 at 91%. & at R " at' 8y, Merchants' Transter & Storage ptd—10 . National Mige. & Inv. pfd.—B0 at 815 Money—Call loans. 5 and & per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. o ™ 3323332995 332233338 3] 533332333 Pot. . Pow. Wash., Alex. CAan Alax . Bait. & Ap Wingtan Cae Re Washineton Gas 8s Waan. Ry, & Flec, 4. Wash. Ry, & Elec. gen. s, MISCELLANEOUS. Chestant Farms Dairy 8%, Pt Paner Co. MIE. fa.) ot Joint Stock Land nuthern Blde, 614 Wkt Cald Qb Wardman Park Hotel 514 STOCKS. PUBLIC UTILITY. 141 ctfs Rwe. . com. Rwy. & Elec. ptd. NATIONAL BANK. 80 National Capital Columbia Commercial Wash. Fedenl American Tiharty ... Lineon Merchan Ba Nitional Savings & T Tru Vel Loan & Trast. Wash SAVINGS “BAN/ Comm&r\( & Savings. oM Shington. . . . Eant ity Savings & Com. American “orcoran TITLE INSURANCE. s Hu Soor: 28825 $Easb e Great North ulf Ol Corp, Pa. & P48 8 Mo. Pac. pirig & Co. 7ign 193 New Vork Central fs 19 Orogon 59 192 bbbt bt e st 533 RSRSCEPE FEETES TFTTFTEG s 339335332532 NSRS B3 o 51w, Co. of MISCELLANEOUS. Sales in STANDARD OIL ISSUES. o 100 Anglo Am Ol 1% 100An"A O mon vie 17 200 A Lotos 1. ogd e v 2 80 Buckese P L . 80 00 Cont_Oi1 nw . o © 223meruanbonel BT ¥ & 233) Sales in thousands. - 223E323 o3 e 333383 2 50 R3505m CEITEET 2 130=, 2»22.92 233 > o a3 2 s Sona S0t gga: £ gz e PESTPELEEEET et el o8 3, 3 RERESFET FPER 2903 3002 e Mo 00N 3552325 23 3 > 2233 333252 ) Y ) _a2 523 a 5 byt vs P I IS T e 3t 321733 S DU e Rt B 2355325235505 EEEEEE R b R e FERE SRR & F 210 2222323233 3 2%: FFE R FERE R E N Po0xTa R | B 3z 2 ¥ An wi Gatineau Py s wi 0 333532I3EZ2I3N » P M 6% B s C1 io Pow 5a B 2 RECESEE SR RS S 920090050935 33332232232332333032 232333333322332 ZHITH SRFFRSIRRRR SEE 932" 3223-353339053e9 9000239235 22233239 332233 2922 2RR % & F FERET ABS= H 72 (1 5! EEEEE EEEELE 5337 i P25 52D D~ FREREE £ et 2333353332933 33322222223333. & FF 2 FAEFEF Mi LIRS FOREIGN 223333333323 CFET Lo E B R PELFIPFRS BONDS, [ % EEE nR 0 f'fiv’ 2. RE TR TEEEES = FEFEREETEREEER o Fis £22 pEr g EEEPF STt GEREFEES & 2503353»923822292232202 SRt S AP AR R SR REP R E D000 DDVIDVWDIIWIVDD D 233323333 3333 FFe AN a.z'g‘s::-:;a_::s:-a:s:waa:::ws:sn WS 23 NEW YORK, July 28 (#).—Direc- tors of Botany Consolidated Miils today deferred action on the quarter- 1y dividend of $1 a share on the class A" stock, due at this time. Flying ants recently descended on Milan in 80 thigk a cloud that they in- terfered wit: “:u::} !r:‘!nc Genoa reports & tl n small red butterflies. ILLERS EXPEGTED BIG STEEL PROFIT Men in Touch With Activities at Plants Foresaw Larger Earnings. BY J. C. BOY! Special Dispatch to The Star. NEW YORK, July 28.—While. the report of the United States Steel Cor- poration for the second quarter show- ing higher earnings than in any sim- flar period in two vears seemed to have surprised Wall Street, it was fully expected by those in actual touch with activities at the mills. These men, watching actual output. say that the leading interest was not alone in the registering improvement but that the steel industry in gen- eral marked up splendid profits. The profits of the United States Steel Co. for the half year were equivalent to $8.09 per share of com- mon stock. The writer predicted on July 16 that.they would equal or ex- ceed $8 a share. Bethlehem Steel re- ported an increase of 49.9 per cent for the half vear, as compared 'with the corresponding neriod of 1925. The earnings for Republic Iron and Steel for the same period gained 47.9 per cent. Eaton Axle and Spring gained 64.8 per cent, Crucible Steel gained 17 per cent and Otis Steel 16.8. Tt is reported that the profits of Jones & Laughlin and other independents have been excellent. Surprise Was Expressed. Wide surprise was expressed in Wall Street that such earnings should have heen piled up at a time when unfilled tonnage on the books was dropping rapidlv. Tt appears that only the men actually engaged in making or using steel realize that “back 1og” no longer is a significant barometer of activity. The earnirgs have been made on rela- tivelv small orders for quick delivery placed frequently and the whole in dustry is adusting itself on that bas With the first month of the thir quarter almost gone, activities are gaining rather than lessening at manv mills. Production in the Pitts- burgh district has recorded an im- provement in orders and a slight in- crease in average operations, which now are better than 75 _per cent of canacity. The Carnegie Steel Co. has taken off one furnace, leaving 33 in blast out of 53. but this was done without affecting iron piles. In the Toungstown district at least a dozen open-hearth furnaces idls 10 davs ago now are in operation. Merchant steel bar orders continue tn come in at a heavy rate. Several 500-ton lots have been noted. with plenty of &maller orders and a few larger ones. Specifi- cations against contracts are uninter- rupted in any way. Bar-making Active., Cold bar finishers and users are active on specifications from automo- bile customers. Bar-making is on a basis of 85 per cent of capacity or better. ning along st 75 to 80 per cent of capacity. Bids will close fn about a week on from 3,000 to 5,000 tons of steel for barges for Government use on the upner Mississippi River. There fs still some irregularity in sheets In the Pittshurgh district. but the volume of business is improving. Export business added to domestic de- mand is permitting an 80 per cent operation in tin plate mille. Pipe mills are up to 90 per cent of canacity in some districts. reflect- ing the activity in the petroleum in- dustry. New pipe lines are being planned. One of these is said to in- volve 475 miles of pipe from the Pan handle field in Texas to Kansas Ci The nctivity of the steel business this vear i shown by the amount of ore consumed. As of July 1. 183 furnaces out of 209 that use Lake Superfor ore were in blast. The furnacee consumed 4.834.126 tons of ore in June as compared with 3.862.- 933 tons In June, 1925.' As a result there were-on dock and at the fur- naces only 21,511,988 tons, compared with 25, 403, 931 a year ago. Iron ore shipments from upper lake ports In June totaled 8.877.493 tons, compared with 6,112.981 in Mav and 7,968.586 in June. 1925. A still larger tonnage will be piled up in July. DIVIDEND RAISED NEW YORK. July 28 (P).—Jones & Laughlin Steel Corporation de. clared a quarterly dividend of 1% per cent on the common stock, plac- ing the shares on a 5 per cent annual dividend basis, which perviously had bheen 4 per cent. FEarnings on the eommon stock for the firet half of 1926 were at the rate of $9.51 a share. S BT G M SURPLUS INCREASES. NEW YORK, July 28 (#).—Surplus of the Pittsburgh & West Virginia for the half year, after charges. increased to $1,080,433 from $877,753 a year 2go. ATLAS POWDER GROWS. NEW YORK, July 28 (#).—Sales of Atlas Powder Co. for the half year were $10,030,208. Net income, after all charges and preferred dividends, was $1,113,007, equal to $6.46 a share on the common, against $6.08 a share in the first half of 1925. Cash bal- ance was $1,790,581 and no bank loans. BIG RAIL ORDERS. NEW YORK, July 28 (®).—Tllinois Steel Co. subsidiary of U. S. Steel, has orders for 1,700 tons of rails from the Wabash and 2,400 tons from the Cincinnatf, Indiana & Western. Bald- win Locomotive Works has an order for two mikado locomotives from the Alaska Railroad. BUTTER IS HIGHER. CHICAGO, July 28 (#).—Butter— Higher; receipts, 9,973 tubs: creamery, extras, 38a381,: standards, 38%; extra firsts, 37a37%; firsts, 351%a36; seconds, 33a34. LOUISVILLE & NASHVILLE. NEW YORK, July 28 (#).—The first half of 1926 more favorable for the Louisville and Nashville than the corresponding period of 1925, net operating income moving up to $13.- 097,007 -from $11,154,601. The haif year's gross revenues were $7. 217, against $67,375,849 a year June net income after taxes $2,368,850, against $2,141,333 in June, 1925, while gross increased to $12,- 159,857 from $11,470,308. BANK CLEARINGS. NEW YORK, July 28 (Special). New York bank clearings, $780,000,00 New York bank balances, $83,000,801 New York Federal Reserve Bank credits, $70,000,000. BUYS CELLULOSE FIRM. WILMINGTON, Del., July 28 (®).— The Hercules Powder Co., which main- tains its headquarters in Wilmington, has acquired all the capital stock of the Virginia Cellulose Co., Ine; at Hopewell, Va. The Virginia company, however, will continue its business as heretofore, manufacturing and selling its product to the trade under the di- rection of its pri nt, F. B. Stull, stated Strip steel production is run- | BIG SAVINGS INCREASE EARNINGS OF THE B. & 0. Special Dispatch to The Star. BALTIMORE, July 25.—The Balti- more and Ohfo Railroad handled a larger volume of traffic in June than in any corresponding month since 1923 and the largest of any month thus far this year. Both gross and net earnings were larger than in any month since October, 1925. The outstanding feature of the state- ment of operations for June and the six-month period just issued is the marked savings in operating expenses, which amount to $485,748 for the month and $2,893,161 for the perind. The significance of this performance will be better understood when it is stated that the operating ratio for June was 69.27, against 75.59 for June, 1925, and 76.29 for the six-month pe- riod, against 19.10 for the correspond- ing six months in 1925, BANKS ARE $536,021,80! Decline in First 8ix Months of Year of 817,549,221 Recorded by Institutions of Maryland City. Special Dispateh to The Star BALTIMORE, July 28.—Deposits of the savings banks in Baltimore totaled $153,424,746 on June 30, 1926, according to a compilation of the Baltimore clearing house. Adding to these figures the $382.597,056 deposits of the Natlonal and State banks and trust companies brings the total bank deposits of the city to §536,021,802 at the end of June, This compared with total deposits of $553,571.023 on December 31, 1925 and represents a decline in the first six months of $17,649,221, Total resources of the local savings banks were $168,751.446 on June 30, and of all other banks $473,745,996, making the aggregate bank assets of the city $642,407,442. On December 31 resources of all local banks totaled $655082,650. or $22,585,208 higher than they were at the end of June. Capital of the local National and State banks and trust companies to- taled $7.150,000 on June 30, against 6,700,000 on December 31; surplus 00, and un- divided profits $8,797,226, against $7,- 656,413, SHUT DOWN PLANTS. 72 Broad Silk Spinners Agree to Close Shop Indefinitely. PATERSON, N. J., July 28 (#).— Seventy-two small broad silk manu- facturers, representing approximately 1,700 loot voted last night to close their plants for an indefinite period beginning Monday, August 1. Market conditions were given as the cause. The manufacturers said they hoped their action would stabilize the silk industry. The broad silk manufac- turers operating on commission work will meet to act on a similar resolu- tion tomorrow night. COAL EXPORTS LARGE. Total for July at Baltimore Af)- proaching 400,000-Ton Mark. Special Dispatch to The Star. BALTIMORE. July 28-—Coal ex- ports through the port of Baltimore during the month of July are ap- proaching 400,000 tons, which is the greatest amount of coal shipped out of this port since 1920. England has taken nearly 300,000 tons since the first of the month and Italy has taken approximately 40.000 tons, while smaller consignments have gone to Gibralter and South American ports, . Coal exporting facilities of the Balti- more terminal railroads are said to be the best on the Atlantic seaboard, and ships are being loaded in record time at the plers of the Baltimore and Ohio, Western Maryland and Pennsyl- vania raflroad; e REGRETS FAILURE. Furness-Withy Head Explains End of White Star Line Negotiations. LONDON, July 28 (#).—At the an- nual meeting of Furness, Withy & Co., Ltd., the chairman, Sir Frederick Lewis, said he regretted to state that it had been found impossible to arrive at & mutually satisfactory basis for the purchase of the White Star Line. Tt was a very difficult matter to keep negotiations of this magnitude strictly private, he added, and their existence had become known pre- maturely. A statement issued on July 16 said: ‘Owing to jresent circumstances and conditions, the negotiations for the purchase of the White Star Line have by mutual consent been terminated.” ——. CONGOLEUM OFFICERS. NEW YORK, July 28 (#).—William Ewing of J. P. Morgan & Co. has been elected a director of Congoleum- Nairn, Inc. Alfred W. Mawkes, formerly vice president and general manager of General Chemical Co., has been elected vice president and &eneral manager of Congoleum. Other officers were re-elected. COTTON GOODS STRONG. NEW YORK, July 28 (Special).— Cotton goods demand continued strong today with prices firm. Print cloths were quoted at 73 cents for §4x60's and 8% cents for 68x72's. Raw silks were quiet and unchanged. RUBBER DECLINES. NEW YORK, July 28 (Special).— Crude rubber, smoked ribbed sheets, were off a quarter cent at today's noon quotation of 40% cents. This compares with 42 cents a month ago and $1.08 a year ago. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY NEW ORLEANS, July 28.—South- ern Pine Association mills showed a decrease in new business of 1.8 per cent last week to a total of 68,300,000 feet. Shipments were cut 4 per cent to 69,800,000 feet and production fell off 2.2 per cent to 68,700,000 feet: Total unfilled orders were 240,000,000. BOSTON.—"“There’s plenty of busi- ness but. no money in it.” That is the way some producers characterize the New England textile situation, instancing the report of the Pacific Mills for the first half of 1926, which shoWed sales of $23,526,000 and profits of only 96-100 of 1 per cent. FORT WORTH.—Ten thousand light-feed catle are being shipped to Northern feed lots by Elkin Brothers of Midland. They were gathered from west Texas and the Panhandle. { About the same number .will he shipped in 'August and September, leaving not more than 2,000 aged steers in the Midland territory. PORTLAND.—There has been a reported increase in the Alaskan sal- mon. pack, especially in the central portion of Alaska Territory. The run at Bristol Bay was normal and the fish are just starting In the south eastern section, WEDNESDAY, JULY 28. 1926. COTTONISEASIER ONGOOD QUTLOOK ! General News Interpreted as Favorable—Tropical Storm Less Feared. By the Associated Press. NEW YORK, July 28.—Cotton fu- tures opened barely steady; October, 17.8 December, 17.50; January, 17. March, 17.80; May, 17.94. Re- | newed selling, based on reports of 1 ! Phone Main 9486 better weather in the Southwest, caused an opening decline of 4 to 8§ points In the cotton market today. Lacking further details as to the progress of the tropical storm. the trade here assumed it had made no further progress toward the belt and there was a general disposition to regard the entire crop situation as more favorable. ‘Wall Street, the South and Liver- pool were among the early sellers, while cables were easier. After October had declined to 17.60 and January to 17.65, or 9 to 10 points under the previous close, better de- mand for European account checked the decline and brought about a rally of 4 or 5 points. New Orleans Market. NE' ORLEANS, July 28 (P.— Cotton® futures opened steady. Oc- tober, 17 December, 17.31: Jan- uary, 17.28; March, 17.40; May, 17.47. The market was easy today, with cables ahout as due. First trades showed losses of 6 to & points, the early sellipg being due to good weather in the Western belt and indications that the tropical storm was moving northward along the Atlantic Coast and not striking in- land. Prices rallied 3 to 6 points after the start, hut eased off again as it ‘became apparent that there was no bad weather in the belt except near the Atlantic coast. October traded down to 17.46, December to 17.30 and January to 17.28. or 10 points below yesterday’s close on all months. A Fool and His Money. ‘The fact that a stock certificate is printed in fancy green scrollwork is no proof that it is worth any more than ordinary wall paper. Thousands of people in Washington would have saved their money if they simply had asked their banker to tell them what he knew of some supposedly wonder- ful investment Prompt Action Lowest Rates of Interest and Commission Thomas J. ’Flgber & Company, Inc. = CONSTRUCTION D. C. and Montgomery Co. LOANS FRED T. NESBIT 1010 Vermont Ave. M. 9392 Real Estate Loans e o D Y2.% % Term Loans on Dwellings The Capital Realty C 5 € Insurance Bldg.. 15t If_vou have a small house to SELL ,(7Ih to BUTY—for quiek”service con- ul " Frank A. Gibbons Realtor Expert Appraisement of Small Property Mortgage Loans urance 308 Insurance Bldg. Main 218 We Buxf-Sell Unlis Stocks &Bonds an tNW- Metropolitan Life Insurance Company Real Estate Loans —in the District of Colum- bia, nearby Maryland and | Virginia. I i \VEAVER BROS | W REALTORS \J, 809 15th St. NW. | | | I % We Will Loan at 5} Economic Conditions, Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. For the USINESS MAN cJ COOL First Mortgage Loans PLUNGE and. ther Sales are recorded |- FINANCIAL, Wabash Railway Company | Refunding and general mort- gage 5% gold bonds, series “B.” Price 951 and accrued interest to yield over 5.25%: 10 maturity. The Standard Company 1010 Vermont Ave. N.W. Phone: Main 6117 on. A lfetons resident of ‘national + ] of Washi onal reputation havin thorough Inveatigation of de mining’ proposition” In producing ter- . desires the co-operation of few men of means to with him in_ ita_development. retarne on mones invested. particulars ‘address Box 33-K. Star Money Securad by first deed of trust on real estate. Prevailing interest and commissio: Joseph I. Wf T giae. bih & F MW | WE PAY MORE INTEREST ON SAVINGS ACCOUNTS Than Any Other National Bank | in Washington | Interest on DAILY Balances Come in and let us explain Commercial Nat'l Bank 14th and G Streets ! | Resources $17,000,000 |R. GOLDEN DONALDSON, PRESIDENT, BUY OUR FIRST TRUST NOTES CHAS.D.SAGER. 924-14t" StN.W. Main36 The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Etate in the Dis- trict of Columbia and Nearby Suburbs i Montgomery County, Maryland FOR 8, 5 OR 10 YEAR PERIODS Honses . Y50 ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 SR Eatnes New First- Mortgage Investments Secured on The cream of Mortgage Security— Washington's most unique and fastest selling homes! B Villa 9e 6129 In_convenien: OSSEPHE|PS 1417 K Street—Main 9300 of a Century’s Experience Apartments and Tenants —have been a specialized study, with us_for over a third of a century. Dur- ing this time we have managed Apartment Houses in every part of the city successtully. Our fact-founded methods are ready to serve you. B. F. SAUL CO. Main 2100 925 15th St. N.W. A Small Element of Safety Should Not Exist in a Well Ordered Investment It Should Be Safety Itself A First Mortgage Note on Washington's Real Estate is Safety Itself A Safe Investment That Yields an Annual Income of 6)2% INVESTMENT DEPARTMENT JON-& LUCH 713, 715 and 717 14th St. Equitable Co-Operative Building Ass'n ¢ JOHN JOY EDSON, President WALTER & PRATT. Jr. Secretary s Organized 1879 YEAR (0! Assets «...$5,031,814.86 Surplus caseaes 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 .$1,352,749.93