Evening Star Newspaper, August 7, 1926, Page 25

FINANCIAL, MELONS PLENTIFUL IN GENTER MARKET Peaches in Supply—Most Vegetables Are in Abun- dance Today. of watermelons eorgia and North -Carolina enabled the “red-ripe-water- melon man” to continue very much | in evidence on the streets through- out the week. Watermelons have heen piled high at Municipal Fish Market and on the wholesale line in | the viclnity of Center Market thej past two or more weeks, and the | demand has heen great enough to | keep them moving. the watermelon busi- son is similar to what ay vears before the World when melons_sold at ridicu- lously low prices. Prices were high during and since the war period. but now they run as low as 23 cents, the choicest stock selling at 75 cents, an additional charge being made for feing. Other Melons Abound. supplies as ma Cantaloupes, honeydews and honeyballs also have been excep-| tionally plentiful and cheap this sea- | son. The season for the honeyballs is about drawing to a close, while honeydews and cantaloupes continue plentitul and cheap. Cantaloupes from the Norfolk, Va. section have | appeared in the local market and | a few home-grown ones also were | in_evidence this week. | Heavy supplies of peaches the past | two or more weeks met a moderate domand and weak market. Most of | the peaches on the market this morn- | ing were from Georgia and North | Carolina. Virginia contributing only | small shipments. Prices covered a wide range of from 75 cents to $2.25. | some specially selected stock retalling | Bt 50 cents a dozen. Liberal supplies of apples from Maryland and Virginia. mostly Trans- parents and Oldenbergs, today met a moderate demand and steady market. Transparents were offered as low as 50 | and 65 cents a bushel basket, and there were few sales of choicest Oldenbergs at §1.50. . Most Vegetables Plentiful. Most varieties of vegetables continue plentiful and cheap, string beans being the only exception, the beans having | become suddenly scarce and high the | latter part of the week. Sugar corn | has bhecome plentiful, homr‘m‘n‘ stock chiefly supplying the market. | Choicest stock was quoted at 20 cents | today, cheaper prices prevafling for some not so good and the shipped product. Homegrown cucumbers are supply-| ing the market, only a few shipments | from distant points being received. | The homegrown product svld as low as 50 and 75 cents a bushel hamper today. Only moderate supplies of | peas, potatoes and onions and libersl supplies of lettuce are being received. Abatement of the severe storm along the coast last week resulted in in- creased recelpts and lower prices for marine products. Fish prices were | materially lessened. Hard crabs con- tinued scarce and high. however. com- | manding a price of $12 a barrel, a single dozen bringing as much as £1.50. Soft crabs were more plentiful and cheaper. An eacier meat market this week | resulted in cheaper prices of some of the meat products, and prices of poul-‘ try changed during the week. being a trifie higher today than earlier in the week. Today's prices were substan- tially the same as those reported ves- terday. Today's Wholesale Prices. Rutter—Fancy, 1-pound prints, 46a 47: tub, 43a46; store packed, Fggs—Fresh selected. 3 31a32; current recelpts, 26a2 Poultry, alive—Turkeys, 35; Spring White Leghorns, 26a a38; roosters, 22; ducks, . 16; keats, young, 708 Dressed—Turkeys, ; keats, young, 90a hennery, Live stock—Calves, choice, 11; me- @ium, 9; thin, 6a7; hogs, heavy and medium, 13; light, choice, 15; lambs, 18. Meats—Beef, 17a18; lamb, 18; dressed pork, heavy. loins, 32a34: Western 32a34: shouiders. 24a 32a34; fresh sHoulders, Fruit and Vegetable Review. Today's market report on fruits and vegetables compiled by the Mar- ket News Service Bureau of Agricul- tural %conomics, says. Apples—Supplies moderate: demand moderate, market steady; Maryland and Virginia, bushel baskets, Trans parents, medium to large size, 75a1.00, few higher; Oldenburgs, mostly 1.00, few higher. Cantaloupes—Supplies liberal: de- mand moderate, market fairly steady: | North Carolina, stand 36s and 468, Green Meats, 1.75; 1.00a1.50: East Shore, crates all sizes, mostiy Honey dews. trading slow, erates, 1.00a1.50, mostly wasty low as 50. Tettuce—Supplies light: market steady: en crates big Boston type 75a90: West- ern supplies, light: demand. moderate; market steady. Colorado. crates lce: berg type, 313-5 dozen, a.4.00. Onions—Supplies light: demand steady: South Carolina 100-pound sacks Austrialian browns, U, 8. No. 1, 2.25a2.50, mostly, 2.35. i Peaches—Suppl heavy: demand | moderate, market dull and slightly | weaker rgia and North Carolina, ‘bushel as, large to ver: best, 1.75a2.00, mostly, 1.7 1 condition low as 1,00, sixes Kl large (o very large sizes, . pourer 1.00: bushel baskets large to very large sizes, medium to large sixes Belles, large size 1 Polato Market Dull. Potatoes—Supplies moderate; de- mand moderate, market dull; East Shore Virginia, cloth top stave bar- rels Cobblers, U. S. No. 1, 4.0024.25: New Jersey, cloth top stave barrels Cobblers, U, 8. No. 1. 2.85a4.00. Watermelons—Supplies liberal: de- mand good for good stock: demand light for poor stock, market steady: carlot sales, South Carolina bulk, per car, Tom Watsons, 24.30-b average, 126.00a200.00, according to eondition: Thurmand Grays, 321b average, #25.00, Correction Fridax's report— South Carolina bulk, per ear, Tom Watsons, 26-1b average best, 440.00, should have read 275.00. Corn—Suppliex moderate; moderate, market steady sacked, per dozen, sugar % Cucumbers—Homegrown, — receipts moderate; demand limited, market dull; homegrown, half bushe! hampers, BVR1.00. Peas—Supplies light: demand mod- erate, market steady; New York, bushel baskets, telephones, 1.50a1.75. 28a30; hams, fresh hams, standard 1.00a1.25, demand elles, demand homegrown, - . DOEHLER DIE EARNINGS. NEW YORK, August 7 P).—Earn- ings of the Doehler Die Casting Co. _for the first half af the year, after Federal taxes, amounted to $335,377, THE EVENING STAR, WASHINGTON, D. 0., SATURDAY, AUGUST 17, 1926. NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. NEW YORK, August 7.—The usual week end profit-taking came into the Curb Market during today's brief ses- sion, but it failed to check operations for the rise in certain directions. The ofl shares were actively dealt in at somewhat better prices. One of the outsanding features was the jump of another three points in Red Bank Oil. At 32 it was up six points within the past two days. At the same time Humble Oil and Reiter-Foster contin- ued in demand at higher prices. The panled reports of the expectations of early completion of the Reliter-Foster well in the Throckmorton field. There is & very close working agreement be- tween Reiter-Foster and Humble Oil. Bank is another which has ex- tensive holdings in this territory. Among the public utilitles Electric Bond and Share and Commonwealth Power warrants were in demand at the same tlme that Columbla Gas and Electric was moving forward sharply. Durant continued to feature trading in the motor group, but was held in COMMODITY NEWS ° WIRED STAR FROM OUTLOOK IS BETTER | Krider, secreta of the Thompson Products Co., makers of automobile valves, reports husiness is holding up well and prospects are that it will con- tinue favorable throughout the year. Earnings are reported to have been double those for the first half of 1925. MONROE, la. , Bacon & Davis, engineers engaged in con. structing a pipe line from the natural gas flelds of ' this sectlon to Baton Steel, Sewing Machine and Auto Business Holding Up " Pace Well. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. SOUTH STILL HOLDS STRINGS ON COTTON No “Seriously Successful” Competition Is Seen by Col. H. G. Hester. Outlook. For Commodity Prices. In ‘the preceding article a way was outlined to guard against changes in the purchasing power of money by dividing one’s investments between bonds and common stocks. The idea was to eliminate this' hazard, and elimination of hazards is the goal | which pure investment always tries to reach. FINANCIAL., | traded 1n on the New York Curb Mar- buying of these three lssues accom- 'check by profit-taking. NEW YORK, August 7.—Following 2 Ton h Ext... is an official list of bonds and stocks R Min }I% Bullion " © [ u ! 8 O Ve i S INDEPENDENT OIL STOCKS in bundre: Con Oilfids ket today: fates 1o INDUSTRIAL hund e, s FEp Gt South i 10 Am Maracaibo acon uan & Rl W Gas & ki Did W0 L ac.... 924 e SF SR camF e Aneo_ s AU Fruit . bavcock 2 emo isrescxemcs TS —uEIe v 1 Carolna 1 Celotex C e Eoid e i ent Ol ' 21% 86 Gas 0 ptd new 8. al be % 300 Humble Oil & R 623 o P L. 200 Imp of 5200 Inter Pet 180N ¥ Ty & fan new C lid - o -~ Dixon Crucible Dubilier C & Ra ol Dunhill_Tntl 1 14 1 Sty PR o S-SmezSEaavens Sz S DS RS Wt e RS R S EE SIS BT SIS 2 i3z Sas E5SEE FaBRIZica Za S3 F 1 Garod Cor A 5 3352 m P Roll Mill e ating 4 1 Grant' Port Cem . 4 Gillette S R . 7 Glen Alden Coal. § Goodyear § R &CR 2323533355 32333113333332 FESSESE PSS FOFE SR =2338933332323335535x S2228833 CEEEITIRES T FEEEESS 3 3235232 o 338-23020955.: o ot P 4 4 -~ O Johns-Manv .. 3 Keysto Solether” . 1 Kraft Cheess .. 1 Kruskal & Kras. il Leh Pow n.... 3 Leh Val i, Leh Val © 14 Lib Owens 13Mid West 1 223 T ] FSEPEET 1 rene Mfg. .. ll: .I}.lml Ku Bu new i Reo' Mo < Rickenb: i3 K 510012 1 PR'e . 981, Sisis &t o o R H 7l 111 ¥R sa Sales - FOREIGN BONDS. in thousands. B Antioqua 5 Antiequa & Buenos A EE R FOES FEEEPE BY J. €. ROYLE. Spectal Dispatch to The Star. NEW YORK, August 7.—The stitches now being sewn into the fabric of industry are securing the garment of natfonal prosperity for the next six months.. That is the con- clusion reached by A. S. Rogers, presi- dent of the White Sewing Machine Co. He declares that reports from all over the United States indicate a pick-up in sewing machine business late this month, and that the activity will con- tinue throughout the remainder of the vear. The business of the White company 18 strongly Indicative of the trend of general buying power throughout the United States, Canada and Mexico. White earnings for the first half of this year were the largest in the 50 years of life of this corporation. Much of this improvement is at- tributed by Mr. Rogers to the popu- larity of motor-driven machine over the old foot-power driv Many of the company’'s machines are sold on part payment arrangements and col- lections reflect promptly any diminu- tion of purchasing power. Steel production, another valuable measure of business activity, con- tinues on a large scale. Operations which were high tn June were higher last month than in any July in six years, and officlals of the steel com- panies are predicting a continuation of demand for prompt delivaries which can only partially be measured by un- filled tonnage figures. More orders for steel sheets were booked in the last month than in any simllar perfod for years. There has been a drop in sheet output schedules in the last week. but sheet mills are still above 85 per cent of capacity. Automobile production is gaining pace again, as orders flow in for new models. The atock ‘markel may have been {nfluenced by statement of finan- clers during the week. but no in- terview or denial of an interview can change the fact that in some com. panjes earnings applicable for divi dends so far this year have been 40 per cent higher than in the corre sponding period of 1925. Building Activities Hold. Building activities have turned in a new direction. but without diminution of demand for basic materials. In fact, improvement has been shown in sales of lumber, brick and cement. Despite the drive made for new busi- ness done in June by the life insur ance companies, the volume of busi- ness done in July by the outstanding companies was in excess of the cor- responding month of 1925, This means an additionsl amount of capital which will be put into real estate mortgages and sound Investment se- curities. The fine goods mills of New Eng- land during the week gave evidence the depression in the textlle trades is being felt by investors. The Whitman mills passed its dividend after an unbroken record of payment of 27 years. The Holmes Manufactu ing Co. and the Wamsautta mills re- duced their dividend payments from $6 to $4 a share. Notwithstanding this, the volume of raw staple cotton con sumed “is growing steadily. Wool prices are firming up and the end of the Passaic woolen mill strike seems close at hand. Coal Exports Huge. The continuation of the English Rouge via Natchez, have purchased the uncompleted pipe line of the H. C. Morris interests and will transfer it to the Interstate Natural Gas Co. PORTLAND. . Newhouse, manager of the Northwest Prune Growers’ Assoclation, reports the tore of the market steady with prices well sustained and business fair. FALL RIVER.—The Chace mills here, which opened No. 3 plant this week, will resume operatfbns with the entire works next week. Some large sales are reported to have been closed jrecently. ST. PAUL.—The price of bread hgs just been reduced from .13c to 12¢ for the large loaf and from 9c to 8c for the pound loaf b{ the Purity Baking | Co., the largest bakers in this terri- ory. The reduction was made in face of ‘rising grain prices to stimulate wales. EXPORTS OF MOTORS ON UPWARD TREND | Increase of 9.4 Per Cent in First Six Months of Year Shown in Review. 3xports of automobiles from the United States continued on the up- ward ‘trend during the first six months of this year, the Commerce Department announced today in a re- view showing an increase of 9.4 per cent over the same period of 1925 in value of passenger cars and trucks sent abroad. Value of exported automobiles was | placed at $182,066.573. compared with $166,457.821 for the first half of the peak vear of 1925. Canadlan exports for the sa riod also increased. advancing 1 cent from $17,533,292 to $19,734,610. The greatest increase in American shipments was in trucks and busses, 53 valued at $24.357,657 being sent road, compared with 23,204 and $15,592,568. Passenger cars exported totaled 126,426, worth $93,279,339, ¢ ared with 118,170, valued at $92 93,359 i Australia, which remained the lead. ing American market for passenger {cars and motor cycles, also hecame, {during the firat half of 1926, the lead- ing importer of trucks and busses, dis- placing ltaly. Seanonal slackness caused a decline | In exports during . 9 o of all types belng shipped, with 25482 for May. o pe- ! WOOL TREND STRONG. | BOSTON, August 7 (Special).—Little | change was apparent in the Summer- i street Wool Market today, but the {trend in the range distriets’ continued | consistentlv strong. with slight ad vances in bids. Mill buyirg is on the increase, but many manufacturers are ;awalting the openings of some lead- ! ing manutacturers next week of fancy | lines before making further commit. { ments. SHORT-TERY. SECURITIES. (Quotatioss furniched by Redmond & Co.) By the Associated Press. NEW ORLEANS, August 7'—“'"“'1 petition with the United States in the production of cotton, which is becom- ing more marked in certain foreign countries, has not yet proved ‘‘seri- ously successful,” Col. H. G. Hester, secretary of the New Orleans Cotton Exchange, declared vesterday in his annual report on the 1925-26 commer- cfal crop. Col. Hester ¢stimated the commer- clal crop for 1925-26 at 15,614,707 bales, an increase over the year previous of 916,351 and over that of 1923-24 of 4.324,310. The was strict low middling, compared with middling last year. The decrease in grades was found to he due to ex cessive rains. of October, and all produced west of the Mississippi and much of that east of the “Big Muddv” after that time was of low grade. The cotton authority asserted that for a time the demand for low-grade cotton was limited, but that any | mills found an advantage in substi- tuting low grades at the heavy dis- counts they were costing for better grades. As a result: consumption was extensive. The staple of the crop was better than average, was possibly not more than 20 per cent of seven-elghths inch. The growth of the year Hester placed at 17,435,000 bales, compared with 14,808,000 last year. The previ- ous largest.crop was 1 in 1914-15. ment census figures agreed with Col Hester's record at that time within 2,000 bales. He said®hat conditions which have existed this vear resulted into the largest consumption known and demonstrated the “‘continued pos- sibilities of the South as the great ar- bitrator of the world's cotton supply. HITS REFINANCING. Boston and Maine Minority At- torney Files Petition With I. C. C. | A petition for tha Interstate Commerce refinancing of the Boston and Maine Railroad was filed with the commis- sion today Boston, acting for holders. Mr. Codman declared the Boston and Maine ix under “no legal or com- pelling economic obligation™ at this time to undertake a refinancing, and took Issue with the commission’s fi ing that roud for several yea prior to had suffered an im- minority 4 palrment of its credit due to a de | crease in the market price of its se- curities, DIVIDENDS. Pagable. oh Stock of record % 1 1 1 H, AR Sonthwestern Pr& LtpfQ 1%% Poor qualities began to | appear in abundance about the middle | 004,000 bales, | The Washington Govern-| reconsideration of | Commis- | sion’s recent declsion authorizing a Edmund D. Codman of | stock- | 0 Nevertheless, very few of us are in- terested molely In the stability of our investments, although we may say we are. What we really want is a chance |of speculative profit plus safety mean- while. Some investors are willing to take larger chances tha others, but very few are content with a dead level of certainty. It may be Interesting. then, to see | which of the two forms of investment, |bonds or common stocks, promises the most profit just now. Of course, |no one can speak with assurance on |the subject. and the best that can be | offered is an opinion, with the reasons on which it is founded. The baais for | the argument in favor of buying com- average of the crop | mon stocks is that shareholders are compensated for rising prices of com- modities. 1f prices fall over the longer veriod the argument falls. Now what s the outlook for com- modity prices? Study of the statistics shows that with interruptions prices rose irregularly from about 1396 to about 1920 or 1921, after which there was a sharp decline, a partial recovery and a sagging tendency since. During 1all the furlous speculatian in securi ties and real estate over the past year or ‘two there was no corresponding speculation in commodities. Pricex obstinately refused to advance on the average. This at least is a circum- stance deserving of attention, and if it indicates a trend it will only be fol- lowing the precedent established after all great wars. In other words, there is nothing in the present economic outlook to indi- cate that the rise in prices which went on during the first 20 years of this century is going to keep up. In fact, the signs of the times point in the contrary direction. If this proves to be u correct analysis for a long time to come the bond buyer is going to be in a better position than the one who acquires common stocks. SALES $198,000,000. | Montgomery Ward May Pass Two- JHundred-Million Mark. NEW YORK, August 7 (#).—Sales of Montgomery Ward & Co. for the 12 months ended July 31 were slightly more than $198,000,000, giving rise to the belief that sales for the calendar year may exceed $200,000,000, as against $184.095,989 for the last calen- dar vea The net_profit of the gross sales in 1925 was 7 cents on the dol- lar and on this percentage and a con- tinuance of the present gross sales | the et proft proximat | deductions; 13,860,000. This, after all ould equal $8.79 a share. DECLARES DIVIDEND. NEW YORK, August 7 (#).—The | International Securities Trust of America has declared a quarterly div- lidend of 39 cents on the common stock. This is equal to $1.17 a share on the common stock outstanding be- fore the declaration of a 200 per cent stock dividend on July The last this vear would be ap- | o5 op™ TRADING N COTTON S QUIETERTODAY Most Business Evening Up of Accounts for Crop Re- port Monday. By the Associated Press. NEW YORK, August 7.—Cotton fu- tures opened steady; October, December, 17.30; _Januar: March, 17.52; May. 17.65. market was comparatively quiet duri"g to- days’ early trading, with businees at triputed chiefly to further evening un of accounts in preparation for Mon day's Government crop report. Tk opening was steady at a decline of to 7 points in response to relativ easy Liverpool cables. but after seli ing off to 17.34 for October, the pric rallied to 17.41 on covering, or within a point of yesterday's closing quota tion, and the market was fairly steady at the end of the first half hour. The warmer weather reported in the Sou was considered favorable, but sellinz was restricted by the outlook for showers and encouraging reports from the cotton goods market. Private cables reported hedge selling with | London and continental liquidation in the Liverpool market, but said there was some trade calling with an im- proved turnover in cloths. New York cotton futures closed steads at a net decline of 11 t 3 i 3 October ... ember anuary March May OO i b Orleans Market. NEW ORLE! August 7.—Cot- ton futures opened steady. October, 17.22; December, 17.09; January, 17.04; March, 17.17 bid: May, 17.26 bid. The market opened quiet and easy today, Liverpool being lower than due and early weather reports showing continued good weather in the belt. First trades showed losses of 4 to 6 | points. Prices rallied sgon after the start, recovering 1 to 4 points, but | soon ‘eased off again: October trading down to 17.19: December to 17.09, and January to 17.04, or 8 points on all months below vesterday's close. RUBBER HIGHER. NEW YORK. August 7 (Special).— Crude rubber, smoked ribbed sheets advanced a half cent at téday's quo tation of 38! cents. This compare: with 41 cents a month ago and 85 cents a vear ago. Money to Loan Secursd by first deed of trust on state Prevaliing interest and“comm sion. Joseph I. Weller 230 1 ler FINANCE ~—al! classes of Income-producing property Large Loans a Specialty Current int. rate and corariission Higbie & Richardson, Inc. 816 15th St. N.W. Real Estate Loans Maryland—Virginia District of Columbia | quarterly dividend on the old shares was $1.05. | specialty " equivalent after dividende on the pre. ferred stock, to $2.00 a share on the commen. sarnings the ‘.u.nn period 10 Forty Nine M. . 33 Golden Center M “ Hecla Min 128 Kay _Coppe 1 Mason Val 70 Nationa ¢ Cornelia | ewmont Min. ipissing Noranda, T ITrEey TS0 Am G & P.. 20 Spearhead Gold. 1Teck Hughen 15 Tono Beimon wwesBons 2 Buenos A SOME SHARES STILL LAGGING AS STOCK PRICES SWING UPWARD Rails Leaders in Rise at Week End—Public Partici- pation Grows Larger—General Motors and U. S. Steel Common Still Are Big Features. BY STUART P. WEST. Special Dispateh to The Star. NEW YORK, August 7.—No devel- opment in the financial situation dur- ing the past week has attracted so much attention as that which has taken place on the Stock Exchange. The upward movement, which got un- der way some two weeks ago in the | big industria! leaders, has resulted in new high prices being established in United States Steel and General Mo- tors, the two stocks upon which ef- forts to bring about resumption of ac tivities on the buying side has been concentrated. The week closes with these representative industrials down somewhat from their highs, but with the buying still in progress in other directions. The volume of business, while still a good distance away from the record- breaking totals of last March, has been on the increase and on two oc casions exceeded the two-and-one-half- million share market. This is & clear enough indication (hat the outside public is taking more of & part in the proveedings than at any time since the culmination of the bull campaign some four months 8go. The Cochran Interview. The spectacle of General Motors moving forward 5 to 10 points daily naturally was expected to attract pub- lic attention, especlally since the rise was accompanied by the publication of what was purported to be an inter- view with Thomas Cochran, one of the members of J. P. Morgan & Co., credit- ing him with the statement that “'the rise in the price of the stock is more than justified by the earnings, future prospects and management of the cor- poration.” But what was of more significance to speculative Wall Strest was the remark attributed to Mr. Cochran that General Motors “should and will sell at least 100 points higher.” Despite the later contradiction by Mr. Coch- ran of this latter report, there was enough in the interview to fire specu- lative imagination. To say that the operations of the past week iIndicated that Wall Street 1s experfencing. a genuine bull market would be rather far-fetched. The buy- ing has extended to Industrials of the class where earnings wure known to be good and to a few groups whose prospects for their respective industries are favorable. But the list, asa whole, had failed to be infiluenced, and it s the result of aggressive op- erations for the rise in a few quarters where the advance has been pro- nounced. ¥ Rallway shares at the close of the wesk have assumed leadership. The demand for this c of securities has been a reflection e prosperity of the railroads and the favorable outlook which confronts the industry for the remainder of the vear. Ac- cording to the report of the Bureau of Railroad Iconomics, gross revenues of all roads were $3,028,860,861, nearly $132,000,000 more t] in the same period last vear. Net operating in- come was $494,866,776. Should the same ratio of increase be maintained throughout the re- mainder of the year profits from 1926 will aggrexate, $1,200,000.000, which would compare with $1,136.000,000 for 1925. This, of course, will depend largely upon crop-moving demands. There is no reason to expect, how- ever, that it should not be maintained in view of the ‘ge crops which the carriers will be called upon to handle. | low: The net railway operating income of | steers to killers, class 1 roads in the Eastern district again showed the largest increase, with a total of $264,143,672, which was at the annual rate of return of 5.71 per cent on Property nvestment. Commoditles Stronger, The rise in the stock-market values, ver, appears to be the results of 1 reasons more than a reflection of any pronounced change in business conditions on the outside. Reports from basic industrial centers call at- tention to comparative activity of business at a period which normally is the quielest season of the year, Ex- treme heat has resulted in some cur- tailment at the steel centers, but with production holding up exceptionally well for mid-August. degree by the speculation on the Stock Exchange, but this has been nothing more than sympathetic. .The declining tendency of some of the more important com- modities has been checked at least temporarily and buyvers, while con- servative in making commitments, are beginning to show less hesitation. The cotton market continues to be in- fluenced by weather conditions, with the price for futures somewhat above the 17-cent level, which is considered the cost of production in most sec- tions. The Investment Market. So far as the investment situation 18 concerned little change has oc- curred during the week. Investment buying is somewhat better but the bond market continues dull, interest being diverted by, the happenings on the Stock Exchange. The international banking com- munity has taken a more hopeful at- titnde on the French franc's rise ahove the 3.cent level, where it com- pares with the extreme low of 1.93%. At the same time French government 7 per cent bonds established a new coal strike has brought extensive ex- | port_business to the ooal operators of | the East and this has been enhanced | in the case of the anthracite mines ! by added demand for Canada. Oil pro- | A duction is growing but not so fast as | Offer s | much his interest as your to protect When in doubt about a securlty | eonsult your banker. It is equally as your savings. You trust him with your deposits—why not trust bim The Capital Realty Co., Inc. Insurance Bldg.. 15th and Fye N.W. Main 9245 Cheerfully Independent OME day you will be considered the rate of consumption which now wseems at Its peak for the vear. _The non-ferrous metals all showed #igns of strength. Tire manufucturers have already begun to moan over the prospects of rubber reduction at the end of the year but production figures now are very high in the Akron dis- trict showing they have not been acutely hurt as vet, . CHICAGO LIVE STOCK MARKET CHICAGO, August 7 (United States Department of Agriculture).— Hogs— Receipts, 2,000 head: market gener- ally steady: packing sows strong to unevenly higher: barely enough re- ceipts to test market values: top. 13.50, paid for selected 150 to 170 pound weight: choice 200-pound butchers upward o 13.40; few extreme weight butchers downward to 11.35; bulk packing sows, 9.85a10.25; few 10.50810.60; practically no market on slaughter pigs: heavyweight hogs, 11.60a12.50; medium, 12.00a13.40; lights, 12.50a13.50; light light, 12.75a 13.50: packing sows, 9.50a10.60; slaughter pigs, no prices. Cattle—Receipts 300 head; compared week ago, receipts startlingly smaller; vearlings, 25 to 40 higher: good and choice medium weight sharing ad- vance: better grades heavies largely 25 higher; lower grades medium and heavies slow, steady to strong; ex- treme top heavies, 10.00; long year- lings, 10.60; killer demand Western Rrass steers very narrow; stockers, 15 to 25 higher; feeders steady and rela- tively low compared with light stock- ers; fat she stock scarce, 50 -to 1.00 up; all cutters and b 25 up; - ers. 1.00 higher; week’s bulb prices fol- Fed “steers, 8.25a10.15; grass 6.60a7.25; stockers and feeders, 6.00a7.00; meaty feeders, 6.75a7.50; grass-fed cows, 5.00a6.50; grass heifers, 6.00a7.25: all_cutters, 3.85a4.50; medium bulls, 5.75a6.25; vealers, 12.50a14.00. Sheep-- Receipts, 1,000 head: 0dd lots nutives upward to 14.40; culls, 10.00a 10.50; for the week, 4,100 direct and 148 doubles from feeding stations: fat lambs closing 25 to 50 higher; cull natives strong to 26 higher; sheep, 25 to 35 higher; fat yearlings strong: feeding lambs strong to 10 higher: week's tops follo Fat range lambs, 14.79:; native lambs, 14.50; fat year- lings, 12.00! fat ewes, 7.85: feeding lambs, 13.85; week’'s bulk follows: Fat rangers. 14.00a14.50; native lambs, 13.75a14.25; cull natives, 10.00a10.50; fat yearlings, 11.00a12,00; 6.00a7.50; feeding lambs, 12.75a13.85. WILL ENLARGE YARDS. NEW YORK, August 7 (P).—An- nouncement has been made that a contract for enlarging the Baltimore and Ohlo vards at Toledo to accom- modate 1,500 to 2,000 more cars has been signed. The improvements will cost about $1,500,000. TREASURY CERTIFICATES. (Quotations furnished by Reduiond & Co.) _——Close ——— * Bia Offer. - 190393 100533 00 1-11 P 5 . 100 23-12 300 26-32 II017067 101% high for the year, but have reacted from their best figure. In the meantime the latest kly. statement from the Bank of nee discloses another increase in the paper note circulation, bringing the total dangerously near the legal limit. The tax increase proposals of the Poincare cabinet #o far have not been affected and {t remains to be seen what success they will encounter. - Baltipore & Bethlehem Stee) b Cetral of Georgl Mil. & St P ISR ST =28, 3 N © 32333335558 T2E% AES23332C ew York Central hort Line 45 11 roret AMH: H"Tod P ¢ P | Sinelair €, 333 with your investment problems? F i;'st Lowest Ral Prompt Action Mortgage Loans s of Interest and Commission Thomas J. Fisher & Company, Inc. 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