Evening Star Newspaper, July 30, 1926, Page 15

ATFISH MAR Prices Are Higher—Dullness in Egg Business Reported Today. Tncreased vari- aties of fish, along the coast, prices of various did not serve to re- duce the demand for the Friday trade |, considerable extent, according There were | the' size of | 10 any 10 reports of slight curtailments of sales, dealers statéd, and the usual volume of business was not done. Fruits and vegetables plentiful and cheap, watermelons and tlcularly plentiful. dealers. Dealers say son than usual. A decided dullness rket was reported in the the past few days, it is stated. Today’s Wholesale Prices. Butter—Faney 146: store-packed, resh selected, 3. current receipt 2 Poultry, alive —Turkeys, 3 broflers, 3 white Leghorns, fowls, 29; s 2. ducks, 20: oid, 16 keats, voung, 70a80: old, 5240, Dressed Turkeys, 40: broil- R, keats, young, 90a1.00; old, 28, hennery, 26a young., 40250 Live stock—(alves, dium, 9; thin, 6a7; hogs, medium, 131, light, choice, 15 13al4. Meats— Beaf, 17a18 a8; dressed pork, heavy, loins, 35a36; Western, 82a34: shoulders, 32a34; fresh shoulder Fruit and Vegetable Review. ‘Today's market report of fruits and vegetables (compiled by the Market News Servica Bureau of Azricfltural Economics) says Apples—Supplies _liberal; demand moderate. market dull: Virginla, bushel baskets, Transparents, 50a1.00; mostly around Cantaloupes—Supplies liberal mand moderate; market stead: zona, Salmon Tints, standards, 75a1.25: jumbos, 36s and 458. 1.00a1.50; honeydews, standard crates b5s, 6s, 1.50a1.7 95, 2.00a2.25. California, Turlock section, Salmon Tints, stand- ards, 1.50a2,00. North Carolina, Grven Meats, standards, 27s, 368 and L . 2.00a2.50; poorer, 75a1.50. Supplies liberal, demand moderate; market steady; New York, 2 dozen crates, Big Boston type, i5a 1.00. Onions— light: choice, 11; me- heavy and ; lambs, lambs, 3 19 veal, pork 3 ; hums, fresh hams, de- Arh Supplies moderate; demand market steady; South Carolina, Australian Browns, U. 4 . mostly 2.50. ‘Peaches —— Supplies moderate; de- \, mand moderate, market firm; Georgla, bushel baskets and sixes, Elbertas, Jarge =size, 2.25a2.50. Georgia and North Carolina. bushel baskets amd sixes, Belles, large size, 2.00a2.25. Potato Market Stronger. Potatoes—Supplies light: demand moderate, market stronger,North Car- olina and Virginia, East Shore, cloth- top stave barrels, Cobblers, U. S. No. 1, 4.00a4.25, few higher. ‘Watermelons—Supplies liberal; de- mand moderate, market fairly steady; Georgia and South Carolina, bulk per car, Tom Watsons, 30-b. average, 275; 26-25.1b average. hest, 225250 poorer, stale, slightly decaved, 150a200. <Corn—Supplies moderate; demand moderate, market firm; homegrown, sacked, per dozen, sugar corn mostly, 2.00. Cucumbers—Supplies very light, no sales reported. Peas—Supplles moderate; demand moderate, market slightly weaker; New York, bushel baskets, Tele- phones, mostly 1.50. B e STRIKE AIDS MILLS. NEW YORK, July 30 (#).—The coal strike in Great Britain is bringing ex- ort business to producers of tinplate n the Youngstown district, and ex- port tonnage in sheets also is sald to he traceable to this source. Inability to meet delivery requirements is re- ported to have caused one producer to reject an offer of $5.65, Pittsburgh, per 100-pound box for tinplate, against the domestic quotation . of $5.50. Higher prices for full finished sheets A are anticipated. PIPE TB.ADE EXPANDS NEW YORK, July 30 (#).—Produc- tion of cast iron pipe in the United Btates, which has been expanding steadily since 1923 and is likely this year to exceed the record output of 1925, is considered in the industry to have reémoved all fear of foreign com- petition. United States (ast Iron Pipe and Foundry, leader in this country is booked to virtual capacity for sev eral months ahead. Fstimated earn- ings for 1926 are around $40 a share on the comumon. and strong financial. cendition are re- sponsible Wail street rumors-of’ rmmnhmvldmd action. NEW YORK, July 30 New York bank clearings $899,000,- 000y New York bank balances, 000,000; New York Federal credits, $75,000,000. FOURTEEN MILLIONTH. NEW YORK. July 30 Ford Motor Co. turned ont teen millionth car on July 22 June 4, 1924, the ten milliont was produced. ) TOBACCO PRODUCTS PROFIT. NEW YORK, 30 (@), profit_of Tobacco duly BUTTER IS LOWER. CHICAGO, July 30 (P Rutter Jaower: receipts, 12,736 tubs ery extras, 3%: standards, 3815 extra Thists, 37a37%; firsts, : seconds, 83a34. COTTON GOODS ACTIVE. NEW YORK, ton goods continued firmly maintained prices. remained steady and 81 cents for 68x72s. were quiet and unchanged. active today at Raw GERMAN BONDS AND STOCKS. oted in dollars per m\llmu marks ) Quo Find B o ‘.‘.u Wi 17000 s per (housand warks. g e ?Lm»m o 1o 0‘ in' Gorman L a00 Dus o Panietnr ahg n pre-w Munich 4s pre- xar Badinche Anilin. F G (Ger Ge Ller Eommers apd Privat "Rk Disconto Gellachalt Dresdner Bank nk icul PG Gen Fine) | KET mage scarce by the storm continue cantaloupes, peaches being par- can- taloupes are much cheaper this sea- (g this morning, of current receipts being quoted Candling losses have been I-pound prints, 46a 458, | Its high earnings (Sv«-la.l),— $87,- Reserve (#).—The | its four. on car Net Products Corpora- jon for the half vear rose to $4.309,. 020 from $3,515,187 in the first half of cream- July 30 (Special).-—Cot- Print cloths | at Tl cents for 64x60 silks 1150.00 1200.00 126.00 NEW YORK C Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, July 30—Higher ~| prices were the rule on the Curb Ex- change today, although the buying !mo\'emnnt failed to broaden out. Op- erations for the rise centered in spe- cal stocks, and at times the general list was dun with mapy groups neg- lected entirely. The oll shares came in for more at- | tention, especially members of the | Standard group which had been doing Ium« heretofore. Standard of New York on prospects of an Increase in | the dividend rate was taken up on a fair sized turnover, { Humble Oil and Prairie Oil & Gas, Wo other prominent issues, reached | higher levels, although the Improve- ment was limited. Among the inde- i it Sales in %Al INDUSTRIALS, &1 Ao Superpuw A. m Superpow B Supow pr of. Gas & Fieo! Atprait abeock, & Wiicx of vio 1 GeE reprix Il Corp H.. rillo Mfx rillo M. rit-Am T rit-Am To e rts 4 car Light Celluig @ Em = E i ‘ontinen Bak A en Bak B Bak pfd 1lontl b e Flove P A ww ourtlaunds, Lid 3% D For BVC M & Doehler Die € % Dominion St Ltd a9 Durant Mot 2 Dnz Co A vie s El Bond & S ptd 2REI B & S n Cor 20 El Invest Inc AEl R Secure (o 24 Estey Welt Cor A Fageol Mot Co.. Fajardo Sug Vot ek F FEE _: . H ? 5 > x 1S s P rE IR PERES SRR 2 » =Zo5ade @ B ETERRE BRSEESRESE ss30w 2 v rimes i 013 103 B 2000 B RO T @ Sio ARG R &CR. abir El naw vic spDinews C St A azeltine Corp evden “Chem o o hos-Many 51 Kesnto thi A rox Gr & Rrus o s Bou o o Banas o o o wosmmBoes it TRttt & FEEE 4 Kruskal 21 leb "Fow nw 7 Leh c iten Vai & sm- Mengel Box 3 Mesadi Iron = xS 3R R E ai R RS 2. S 4 Washington Stock Exchange SALES. orxetown Gas Be—S$3.000. at 100 “¥ Jhiagion ‘Gia’ 0n 38400, at 103 Sidgton Ry & Bloc. 4 00 S M on "Ry s1ipATea ek B l1lr Faction ¢ o0 abington Rey " a elee %0r | l::ac"l' ol lloil l:nnl-—z}n flf“ er! Phnorpe—s P at 105%. 10 at lllirl‘i Y Iflhu‘S “5‘ 5. AFTER CALL. thi Linot; 19 \ LB SR o et 22 2 D é)rul' mm ofd.—b5 at 104% ithaler Linotype—10"at 1063 UNLISTED DEPARTMENT, Departmental Bank—100 at 614 Monev—Call loans. 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY, Al . Tel. & Tely Amer; Tel. & Telxa: 4 % Am: el & "Tol: eul. tr. Aulofllhll Poi. R_R5 Anl# ol % elephons Belof Va 8¢ hat Traction’ &, K. Gitr & Suburban S Georeetown Gag 19t S Romac Elec Tt Potomac Elec. Con: Potomac Elec. s 19 Pot Pow. §. 4 Casbe Alex hi Alex: { Wash.. Bait. & Ann: o. 86 hington Gas ashington WashinEr S | Wash. Rwy. & EI fo— 10 10 L TIN ken. Ba. Chestnut Farms gul‘ul‘x‘u”r‘l?‘l!l? FE O o STOCKS. PUBLIC UTIL pital ‘ashingion Norfolk Potomac 108 108 200 b0 xizz‘,.‘ NATIONAL BA) incotn National Rigkn . ¢ cond onal Bank of Wash.. TRUST COMPANY merican Security & Trist ntinental TTust. .. ante’ Bank.. . ational Savings & Trisi.. Tris, KT Lomn & R Cummere & Savinee.. Wagmacton o American | Corcoran | Kiremen s | Nutional Uni MISCELLANEOUS, Paper old. 5 axe Bl n.'& Storage.” . & Stor notype .o x edera Merchante T M!r(h“ll- T | Mergenthaler Natl, Mige. & Invest. pfd. Peaples. Drite Storas pr. naton Monotype. Unlisted Department. These securities not list Conn partme l Baok b ‘fllf ins Co. nul("l! utional Bank. ller Train tmtml Capitol Savin ‘lurl east Savi ark vings Bank Potomae Savings Bank. aleigh Hotel Co ashington Washington W oudri ank Base' Ball Cib.. & Langdon S. Bk. —20 atf URB MARKET Direct to The Star Office pendents operations for the rise got under way again in Creole Syndicate, the market giving evidence that the recent profit-taking had been com- pleted. Motors were helped by the strength in this class of stocks on the big board. Durant Motors gained fractionally and the demand for Reo was better than it has been recently. lehigh Power continued active among public utllities, while others of the group were quiet. The market for mining shares was less active, but Golden Center held around the high for the present movement. Glen Alden Coal, one of the prominent high-price in- Austrials, was bid up almost a point, while special buying of Rand Kardex carried the price up more tham 2 polnts, 24 Weat, vy 1 Mid W Tul pl 0 Moh Hud HY fi EE 6 Moh af Elec At Pub Pab FEER sz TEEreNTt RESF- FRETERE Fres # Qvington ' Bros. 1 Pend D Groe B 2it Penn Ohlo Sec. i, Pittab & Lake 17 Proc & Gamble .. ik 8 P &L, Pur S PLL i 1 purity’ Balc B 3, Purity Buk il o1 Rand’ Kard B0 1 Rem Noisel TCA 53 oo Mot . 1 Rich Rad 5 Richenback * pld Mot & & o on 800 flmk’f- I'lnu 1%l ¢ utz Mot , wed Am Ine Swint Int pr109 184, s014 ANB Vi 3 Tk S Lamp A 0i Biseuit B, ni G Imp € 1 Welch Grape Sales MIN in hundreds, 2 Cons Cop Mines 5 Eng Gold M 10 Eurolca, Oroe 1 flflnh!nn “Center 0 Hawihorne' .1 Kav Cooper Cor owmant Mining ipisaing P 1 Ohlo Con "uizu Toy S0 Am Gold ‘& Spearhead Gold. 1 Tono My .- Utab Apex 1 Wenden Cop INDEPENDENT 011, S b | b Sales in hundreds. 5 eacon | 0 Cardi o 3 Gk “hyna FCIL Serv” now. it Serv fd ol nm bip ynd 283 Creole Cynd . 30 Crown Cent Peie! 3 S e 1 11 i L e Pl IO PO ot aelid Ofl Co. ibron 011 ¢ ulf Qil of P irby eonand Oil Lonon.. ex il . ex Paniico Prod. » FREETEE Fmisiis ew Mex m Ao ¥l andem -~ Oils. .. | a4 Badesh &ty Pennock Oil Coro 2 Reiter Foster Oil 18 Royal Con O&R .| Gl 1 Tide W Ol Venezuelan 10 Wileox 0&G 160 Y Oil STANDARD OIL ofd Pet Sales in units, 500 Anglo 100 At T, 110 Rorne 200 Buckeve PT, .. 100 Chesebr'gh Mg 500 Continent OIl n 0 Cumberland P T, 200 Humble Ol & R 700 Imp O of Can n 200 Tnd P 1L 1300 Inter Pet 50 N Y Transit 00 Ohin Oil 500 Penn Mex Fuel 1800 Prairie 0 & G n 100 Prairie P I, 1200 South Penn 0 n 6008 0 Ind 11008 0 Kansas 1008 0 Nebraska 206008 0 N Y 20 8 0 Ohio 1100 Vacuum IS8T Lid 0illl11 J03 Sales in BONDS thousands, 2 Allied Pi 8 8% lil B 100% t 65 0974 & 1. 6 nw 003 vé-n.un.;‘. 001 08 12 1021 Ass0 G & s Sim Haw 6 215 & O R R 5 Beaverhoard Re 3 Belgo Can Pap #s 100 Bell T Can T5n A 3 T 19 Cos Meeh ¢ 2 Cudahy 3 Tire 513k . Fla P & L 5 0 Fla P&L 5¢ new al Sig’ Pet atinean 04 )} Guodsear TR s RIAD a <108 Y o 231y o -,; P& s, Int Rya Cen A e I MU GU Norv B wi 930y 14 Keith B F s A 998 1 Laclede Gas 5138 100 by 20 Lehigh P a0 30 10204 DR 2 o 1023 100 1y R10410 051, 588 \ Bk 10310 S B Bat 110 Ohio Pow 08 Ohio Pow Otix 11 s 2 40 Pan Am Pol fg A 1B A (8101 B He 101 Slgw p A Ge i1 LPu Ser N J 6150 5 Servel Del 6a hulco Ine 8 14 Schulte R'E 6. 081 158°A L 68 wi .. D513 Cal ‘Ed Ba ‘44 10010 d e 81 on P & L e 940 0K Y 6ige mnw’ otz Mot E5a 107 n Ol Blan . ift & Co b Fs ®100 ATS Rub 6(e 4 Wabh Ry 38 D wi 1T Webater M 6as 1AW Pa B G wil00% Sales in FOREIGN BONDS. thousands, oy sl Pus U Leon'd Muni ' Me 2 Grov Santa Fe 7 2 Pra L Aust 7lpe 41 RC CTh Ba 8105’ Sarnda Falls Sy o 0 08 0 1 W B 618 A 061 4 West Un Kl 6%s 8X1 *Ex dividend, G 2 [silk | establishment of the STAR, WASHINGT MILLERS STRIKING ON RAW-SILK PRICE Seventy Mills at Paterson, N. J., Close Monday in Plan to Reduce Cost. RBY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, July 30.—The pr raw natural siik must come down, silk manufacturers declare, before their industry can be put on a satisfactory and profitable basis. The majority of the silk mills now are working on extremely low produc- tion shedules, on part time and with reduced pay rolls. About 70 of the 305 mills located In Paterson, N. J aré sheduled to close for an indefinite period Monday. It is to bring the price of raw sk down as well as to correct _overproduction of finished goods that these steps have been taken, Manutacturer sy the better grades of Japanese silk must drop to or be- low $6 & pound before they can see profits. At present they are as high as 40 cents sbove that figure. Most piece goods business transacted by the mills recently, it ix claimed, has been on a basis of $.60 to $6 a pound raw silk. There seems little prospect at the moment for increase in finished goods prices. If this is found fo be correct, the only way the disparity be- tween raw silk costs and finished | goods prices can be ironed out is by & drop in the quotations for the latter, Takings Run Less. an mill takings in late huve been running approxi wately 6000 bales o month less thau I th wrespondiug perfods of 1925, This his had some infuence on price but it also meant that many mills allowed their stocks to run low, and the fact that they have not enough for August and September requirements has been a sustaining factor in the market. Further enrtailment of pro- duction naturally will tend to decrease the requirements for the next two months. Mill_takings in June amounted to 37.644 bales, or 2,000 haleg less than in the corresponding month of 19 Mill takings for the first six months of the year totaled 237.043 bales as compared with in 1 1m- ports have totaled 216.330 bales for the six months as compared with 222,935 last year. Stocks in storage at the end of June amounted to 29.- 111 bales, with 18,300 bales in transit between Japanese ports York. The July mill takings have| been fairly well up to the average ..r‘ June. What s counted on to ald in the fight of the manufacturers for lower raw materfal prices, however, is the | fact that in August and September the new Japanese crop will commence to reach the Yokohama market. At present the new crop, judging from the cocoon volume. promises to be at least as large as that of 1925, which was a record breaker. The Japanese must dispose of this velume of ma terial and the American manufactur- ers are apparently intent on forcing them to do so in & market where de- mand has been reduced to a minimum. Fall Call Tmproves. The cail for Fall lines of finished silk goods has shown recent improve- ment and there have been filling-in orders in evidence for Summer goods, but the bids from buyers have heen 0 low that makers are hesitant about accepting them. Even if raw silk prices come down, manufacturers are pessimistic about their profits for the vear, feeling that they will fall helow those of 1925. The textile committee of the Atlantic States Shippers’ Ad- visory Board has informed the rafl- that natural silk shipments in August and September will show a 10 per cent decrease. On the other hand, shipments of cotton goods in Atlantic States territory are expected to increase 3 per cent in the third quarter. ales of women's apparel, in which plays auch an,important part, protaise to be good for the next six months. The strike now going on in the New York coat and suit trade may hamper profits of the firme in- volved, but buyers for retall stores are shopping exterfkively for coats and | dresses. The demand for hoslery shows signs of expanding, although it | is somewhat more noticeable in the case of rayon than in natural silk Amer] months | goods. WOOL PRODUCTION. Wool production this year in the | United States was estimated yester- day by the Department of Agriculture |y at 269.054,000 pounds, compared with 000 pounds last year. The av- erage weight per fleece was placed at 7.8 pounds. Production by important wool- growing States was estimated as fol- lows: Texas, 25,804,000 pounds: Wy.| oming, 24,132,000: 'Montana. 23.100. 000: T'tah. 20.822,000: Idaho, 18,440.000; Qregon, 18,400,000: California, 18.189. 0b0; Arizona, 16,064,000 and New Mex- lco, 12,325,000, GRAIN MARKET NEEDED NEW YORK. July 80 (#).—Chang- ing conditions in the country’s busi- ness, basic laws and the necessities of Furopean buyers have resulted in the ew York Grain Futures Market, which opens Monday in the opinion of Axel Hansen, cha man of the grain futures committée of the New York Produce Exchange. “It is fortunate we have a Buffalo de- livery to our New York contract. It is cheaper to bring wheat to Buffalo and mill it there, or reship it, than to bring it from other Western mill- ing centers and then manufacture the flour. ‘Transportation on the Great Lakes iz especially cheap and Buf- falo is the gateway to the whole Iiastern market as well as to the ex. port trade. PRICES ON PARIS BOURSE PARIS, July 30 (#).—Prices moved irregulariy on the Bourse today. Three per cent rentes, 47 francs cen- times; exchange on London, 203 francs; 5 ver cent loan, 52 francs. The dollar was quoted at 41 francs 54 cen- times, GETS C. &7 0. CONTRACT. NEW YORK. July 30 (®).—Rich- mond Car Works has a contract from the Chesapeake and Ohio to dismantle and rebuild 500 70-ton gondola cars, involving $711,000, Delivery will he fn three months at the rate of 10 cars a & CALL Mi)NEY STRONG. NEW YORK, Jul money strong: high, vate, 4; closing bid, 5 firm: mixed collateral 4%a4%:: 4.6 months, mereantile paper, 4. POTATO MARKET STEADY. CHICAGO, July 30 (#).—Potatoes— Receipts, 71 cars: total . ship- ments 535 cark: on track. 146 cars: me loans, 90-days, prime [ 4% wading rather slow: market about steady: Kansas and ‘Missouri sacked Cobblers, 1.70a1.85: ordinary, Virginia, barrel Cobblers, 4.25a and New | {to insure delivi { xhipped D. C. FRIDAY, JULY COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY FORT WORTH, July 30.—An in- crease of about 10 per cent in the size of the 1926 lamb crop in Texas has been shown by a survey just concluded by the Department 'of Agri- culture, LANCASTER.—The tobacco crop of Pennsylvania has shown decided im- provement during July and the fields generally are in fine condition. CHICAGO.—Reports from salesmen on the road for Selz, Schwab & Co. indicate a strong shoe business for Autumn. J. Harry Selz, president, says stocks are low, retailers are buy ing more liberally, crop conditions, ex- cept in isolated spots, are good, and {prospects for business in the Fall never were bettes | NEW ORLEANS.—Retall dry goods sales are about on a par with those of last year, although unusual bar- gains are being offered to stimulate trade. Central American merchants have been liberal buyers at whole- sale. WINNIPEG.—As soon as grain cut- ting begins special trains will be run by the railroads to cari harvest hands at a low rate. Thousands of workers must be nsported from the United States 1 handle the yield on the 21,619,700 acres sown to wheat {in Manitoba, Saskatchewan -and Al berta. FARM PRICE LEVEL DECREASES IN MONTH July 15 Flgure o{ 135 Per Cent of Pre-War Mark 14 Points Below Last Year. By the Associated Pr A drop in the general lovel of farm prices from 139 to 135 per cent of the pre-war level from June 15 10 July 15 is reported by the Agriculture De. | partment. which sa the July level was 14 points helow that for July Jast year. The price level of grains as a group declined 5 points during the month, cotton 6 points, meat animals 2 points and fruit and vegefables 21 points, while dalry and poultry unclassified commodities about constant. During the month the farm prices cotton, cotton seed, oats, wheat and potatoes declined slightly. while corn, barley, rye and flaxseed in- | creased. There was a decline also in live stock and live stock prices, with the exception of milk cows and wool, which remained about stationary. The department’s index of purchas- | ing power of farm producis was of | placed at 87 for June, the same as in | the 190 of 100. With a 4-point drop in the farm price level for July, the department sald that if non-agricultural remain at the June level the purchasing power of farm products might be as low as 85, which would be the lowest xince December, 1924. — BRITISH LIKE PEACHES 14 period being used as Seen’ After Experiment With Two Carloads of American Fruit. Georgia peaches have made on the British market. An experi- mental carload consignment, landed in Liverpool in 14 days from Macon, was snapped nup at good Amerfcan Agriculture Commissioner Foley has reported to the Department | of Agriculture. He believes the Brit- ish market offers opportunities for the fruit it packed with sufficient care ¢ in good condition The first carload started from Ma- con July 5, packed in various ways. The six-basket crate method of pack-. ing carried best. The fruit livered in splendid condition and pric- A second earload, also shipped by rail to New York and thence by steamer to Liverpool, arrived In good condi- tion and tetched even hetter prices than the first consignment. Commissioner Foley reports British prefer a white fleshed, peach, and suggests those of that variety be The British consume a large quantity of South African peaches, which reach that market during (he Winter months. PBICE OF SILVER. A YORK. July 30 (®).—Bar Mexican dollars, 483, | Your Banker Rnows. When | consult your banker. It is equally as | | much his interest as yours to protect | your savings You trust him vour deposits ~why not trust | with your investment problems? him | ! FOR SAFE INVESTMENT BUY OUR FIRST TRUST NOTES CHAS.D.SAGER. 924-14% St.NW. Main 36 help vou make a profitable Capital. vestment in our 713 14th St. N.W. products and | remained | prices | July | SHIPPED FROM GEORGIA | Opportunities in English Market | hit | prices, | was de- | es ranged from $3.89 to $4.14 a crate. | the | in doubt about a security | with | QOur Financial Experts Specialize Your Individual Case Whatever your firancial problem may be, we can luhmenl of A Financial Surplus and the Investment of Never in the history of our business has any in- vestor lost a penny in vnpnnl or interest lhruugh in- First Mortgage Securities Annual Return 62 % What We Have Done for Others. We Can Do for You Morteage Investment Department ANNON: 30, 1926 600D GROP NEWS DEPRESSES COTTON South and Liverpool Leadingf Sellers—Private Re- ports Bullish. By the Associated Press. 5 NEW YORK, July tureg opened stead. December, 17.78; January, 17.8 March, 18.11; May, 18.18. In belief that the tropical storm had about run its course, and that crop conditions over the belt were considerably better the cotton market opened 5 10,8 points | Jower today, and by the end of the | first hour was off about 11 points u der the previous close, with October | down to 17,77 and anuary to 17.82, “'he South and Liverpool were lead- ing sellers at the opening, influenced | to some extent by the more favorable crop advices from the Eastern belt and by belief that the weakened tech- nical position of the market would make it sensitive to selling pressure. Two private crop reports this morn- fng were under 15,000,000 bal therefore considered rather bullish, but exerted little effect on the market. New Orleans Prices. ORLEA July futures opened stendy. r. 17.61; . 4 May, 1 today, al- 30.—Cotton fu- October, 17.81 w n 9 bid; March, 17 The market opened sieady though cables were worse than due. | First trades showed gains of 1 to points due to rains in the Kastern helt and the market rallied to 1 tober and 17.68 for December, { points above market later oif on October dropping to 17.65 and Deceni | 2 ber (o 17.56. Two private crop reports | were fusued loday, one making the condition 68.2 and the indicated vield | 14,760,000 bales and the other giving | a condition of 68.6 and a yield of 14, £00,000 bales MILLS BUYING WOOL. | BOSTON. July 20 (Special. Waal dealers were complaining foday that | individual sales are not large, hut on | the whele a fair weight.of waol ap. | pears to be moving to mills. Worsted | mill buyers are operating more freely Twelve-month Texas wool sold at $1.10, and some French combing wools of fine and fine medium quality are | going at $1 and $1.0 clean basis, | Three-eighths blood is steady around | 90 cents and one-half blood staple has | sold at $1, clean has ! | Money to Loan Sectuired by first deed of trust on real estate Prevatling fnterest and rommiscion | Joseph I. Weller CONSTRUCTlON D. C. and Montgomery Co. LOANS | FRED T. NESBIT ] 1010 Vermont Ave. M. 9392 || We Will Loan at 519 Economic Conditicns Tyler & Rutherford Toan Correspondent of the i| Mutual Benefit Life Ins. Co. i Newark, N. 1018 Vermont Ave. . | Real Estate Loans Business Properties 5 1 / Apart'menT! H?uus )l o | el 14 Iy~ The CI‘pl;II 'Renlt)": Eo.{ Jnc. 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