Evening Star Newspaper, August 12, 1926, Page 31

mand limited, market dull; North ] i Carolina, standards, 36s and 45s R green meats, 1.00al500 few high as| o 175, Lettuce—Supplies libe: demand 3 * moderate, market dull; New York, 2 AE Pow oAl B FISHINDEMAND IN CENTER MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN, Special Dispateh to The = NEW YORK, August 12. | shares were the features in today's change. Aside . . >_. . | ading o h ‘urb Various Kinds Bring w|dei'551,.3{';‘..p“r.‘,f».”..l.-‘”)m.«.. upbidding of ipps— {par il oot ROt ot iBsavie Range of Prices—Most Va- rieties Are Plentiful. | session. The general body of stocks Ford Co. displayed u good deal of nervousness and there was not the disposition to | come in on the buying side the way| | there was a week and two weeks ago. | re o S @ " General Baking and Continental Verean evidence at Munic: } Baking iwsues were bid up sharply, %ed buving apparently based on belief that | Wwg for choic products for the t relections of marine Friday and Saturday these shares had not fully discounted | Jealers experienced no diffi ek LA e 0L ERELAEY Lo s months, The recent selling Durant filling ordegs, for while there was a scarcity of certain rieties of fish, there were plentiful supplies of other Motors apparently has strengthened | the technical market position and the | ! ec reratio ch g der | i varlous ) SPecial operation which got under | fish commanded g g ling a point above | hl,nr;:n shipments of pan rock from o] ‘]:r:;nn. a point nl\u\o‘ the vicinity of St. ( Tsland. 5 e S Md.. were offered at 10 and 12 cents, actioniokalieiorlichanesiwasidll fairly cheap price for this variety of { fish, while the ¥ kfish, not | V' YORK. August 12 —Following plentitul, brought 5 cen is an official list of bonds and stocks Small bluefish received | traded in on the New York Curb ) from nearby waters in | numbers. | ket today: It is a variety of fish Iways 18 | saie0 1n INDUSTRIALS in demand, according to dealers, and | hundreds. & High A price of 121, cents was quoted for = Alh Pick Bar vte - SN ies ar them. 1 Alum_Co new Sea Bass and Flound | Am Cranamid B A bass and flounders, not so plen T An. K An tiful, but in demand. were quoted at Am 15, Boston mackerel, again plentiful, e dropped to & cents, spots were 10 and T Am Scating vt eroak 7 cents a pound. Most of o A the few trout in market today, it was ‘ reported, were from West River. Prices of other fish were reported 4 TAuburn Auto Co follows: Wutterfish. 10; halibut, 2 ikt orn: salmon, 25: cod, 121, and pollock, 10, 12 Brad Fireprfs Soft crabs were cheaper than last | 2Bl Gy ¢ week, prices ranging from 75 cents 20 Bklyn City R R 10 $1.50 & dozen, while hard crabs con & Bevrus Co..... | rinue high at $12 a barrel or $1 and $1.75 a dozen. (rab meat eaper, The flake meat selling at §; white elotex o’ pid. ut $2.50 and clawmeat at $1.50 a gal 91 Eent Pip Cor on 16¢ G Spr & Bump 5 N 2Cht Nin B T't Hoth green and cooxed shrimp are 3 Col GRE pfd Wi, ®earce and high, the 1 selling at SR LR y 0 and the cooked at 60 cents & pound. 3 Comw P C 'wr - " scaliops are 3.25 a gallon and lob. Consol. Dalry’ P. & Blers are 55 cents a pound onsol Practically no changes in the gen K eral run of commodities were report- | 438 Gonnen Balc' A «d this morning, prices being substan- 11 Cont’l, Bak_ pfd, ontl Tob Inc. Ually the sume s yesterday. 1 Pr A \\\\\ Today’s Wholesale Prices. T R Butter—Fancy, 1-pound prints, 46a hrant Aot . tub, 45a36: store packed, 28 { 7 Co A vt 134 b s Fresh selected, 300 hennery, tipeon Schia:” adn i 3 current receipts, 26427 Bond & Sh of. 10815 5 oultry, alive—Turkeys, 33; Spring Invest T 57 ?Z broilers 32; White Leghorns, 26a Secur ( a 2 »v Wol Cop i Y70 towl, 27a28; roosters, ducks, + Wel O o Joung, 0: old, 16; Keats, youn, )it 2 A old, 140, I SO Turkeys, 40; broilers, 35a40: keats, young, 90al.00; ol 400 Live st Calves, choice, 11; me diu y 7. hogs. heavy and wedium, 13; light, choice, 15; lambs, 13 2 1 Meats —Beet, 17a18; | e 18 dressed pork. heayvy 11 Gaodvear a%a3s. Wes shoulders, fresh shoulders n I Vegetables. Apples — Supplies liberal: demand miode! e, market steady Maryland and Virginia, bushel laskets. Olden- burgs and Gravensteins, various va rieties, medium to lar ze, T5a1.00; few high as 1 Cantaloupes Supplies heavy: de. RSNt doz tes Big Boston type, 7 M B L) 5 western supplies 1 r , crates, leeberg type Onions Supplies very light, few sales, South Carol 100-1b. sacks, Australian Browns, Peaches— Supplies lemand Limited, market weak, Geor 3 R % Bur new North Carolina bushel baske tas, large to very lar few higher; sixes, I large sizes, 1.50a1.60. : Georgia, bushel b ium size, 1.00a1.25; Novth « askets, Hales, very larg Potatoes Supplies light: demand light, market steady; New Jersey, 150 2 pour cks, Cobblers. U. S. No. 1 | P &#23.90; ordinary ¢ dition, low as 3.00. i kel Watermelons - Supplies moderte. & Thomy Rad vic.. ] demand limited, market dull: no car-lot 3 it Sadie” « sales reported. Virginia. bulk, per oo | §Todd Ship gl melons, various var - selects, l”mll | 1, 260,00 primes. 18.00:430.0( | i Corn - Supplies liberal, demand mod- | erate, market steady. homegrown sack- | ed. per dozen, sugar coin. 1hazi — = Cucumbers Supplies light; demand Light, market steac hon "W i i L invh et wemesrown. natt- \Washington Stock Exchange P'eas—Supplies lig! demand mod SALES. erate. market dull: New York, bushel| washington Gas Sst baskets: Telephones, 1 Setareinn. fan 8L 000 AL 100% l;.-]plnm tric Power pfd. nt. ctf.—1 at e Lanston Monotype—20 at 951, Money—Call loans 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. FURTHER DECLINES IN COTTON MARKET| Renewal of Wall Street Liquida- | tion and Selling Causes | Lower Prices. ! ¢ | Capital — Ciy & Sub pot Potomac Potomie By tha Associated Press NEW YORK futures ope: December Junuary | March, 1638 May. 16.34 | A renewal of Wall Street liquida i tion, local a t used 108 further dec warkets | Chestngt o i M elling | B¢ Paper. ! The selling ot Joint Stoe 108 WAaS pre tively Y 1 S0 !|\rr‘7‘\k]:l Liverpor f continued | Wash. Mkt CO . favorable the belt and was | again accon by talk of a pos. STOCKS. #ible increus he mid-August crop X 3 Indieatior compared With the AU-| 4 oo Tl & elkhmt .k“;; & Eures Canital rnm‘\m .. “Il‘bb Phe mia opened easy at a, de | Washington Gasliil oo 701 cline 13 1 and showed net | Soriolk & Wash, Sicaniboas osses before the RN end of With De- | & Elec, pid cember 12, or the| Sl lowest pr ce the publici NATIONAL BAN tion of Government nal Capital - 200 crop report Liquidation was by ‘al-Alerican 1 break to 16 ket steadied and cover: points £ middle of win buying | nal 10 or 15| “Metropolitan | Bank of Washingtun f.e:“‘",'(’:\m s TRUST COMPANY | or less American Security & Trust 380 tinental Trust nent erchants’ Frading was compa il S & Tru yecemby i Fuet 5 m}(,.x:;mu ith ‘xw ce ’v Washington Loan & Trust.. e : SAVINGS BANK New Orleans Market. & Savings. hington.. . . NEW ORLEANS, August 12 (). | & S0 & com —Cotton _ futures opened steady. | Seventh Sireet < Eae October, 16.22: December. 16.11; Janu- | {assington Mechanics. . .11 ~50 ary, 16.04; March, 16.19; May. 16.29 FIRE INSURANCE bid merican Owing to lower Liverpool cables |&itoran Firemen s . - National Union. TITLE INSU! Colymbia Title.. . Real Estate Title. the cotton market opened les showing on all active than due, easy today with first losses of 12 points nonths. The market continued to ease NEW YORK CURB MARKET off until October traded down to 16.14. | Tule & Ins. Co. of Md December to 16.02 and January to MISCELLANEOUS or 21 points on ail months be- | p ¢ paper vfd 80 . 3 o ptd R low vesterday's close. The weather | Storare ofd. - 01 il map showed considerable rain in the | W & Stor pid. 1001 103 Eastern belt and toward the end of | Mergentnaler, Linotspe, wgh 108 the first hour the market rallied |38t ot S Gas fotd 104 E= soints from the lows on the unfavor: | Lanston Monotspe. . 7 o Storas ashington Marl *Ex dividend. ble weather outimk. Trading was barely active. Direct to The Star Office appointing to those who had expected that they would follow up their recent improvement. Whenever bids were vaised plenty of offerings made their appearance, and sales in this quarter in numerous instances were made at concessions from Wednesday's closing prices. “Y" Oil and Gas was an ex-: ception among the low-priced issues, running up sharply for a good sized gain although there was nothing new to account for the special develop- ment. There was certainly nothing in the report of the Forhan Company upon which to base.buying, and the stock continued neglected. Earnings for the first six months disclosed a profit of $217.118, after charges, against $255.- 5. The decrease of $38.111 in profits was sald to be due to advertis- ing expense: Gillette Safety Razor, Celotex and numerous other specialties were readily offered, and there was little or no e ence of a desire to come in on the buying side with the market in its present condition. Uni Biscuit 131 13% B 2 & RrEEt Tni Lt & P o A 181 18% Tni Pt Shar n 101 1015 Uni Shoe Ma 10 ° 49 ver Pic € .. 801 30 STt & Hn 24 2 Val Mould & 133 3 . i m hyndr 10 Ariz Globe 30 Beaver Co Calumet & : Metals i Cresson Gold 1 Eng Gld M Lt i Croesus . . ad Mini 83 M ) olden S A thome M i T HA S 5 Holling: . 1 07 K. Copper Cor. » % i P ouh 20 Plym Lead M .00 Tech Hughes . 4 1 Tono Min . [ 30 Tri Bullion e ni_ Verde Ext.. 28 1 Utah Apex . 8 Sales INDEPENDEN L 28 Am Con Oilfields 11y 10 Am Maracaibo Co 61, Pete .. ..06 427% 881 P4 o 2 in . 13% Cent, Pete 210 0 & Ref. 3% d 0il Co. 1% ibson Oil Corp. 43 i Granada Oil .0 .60 4 Gulf Ol of Pa.. 85% 2 Pabis sl oo 1] Leonand O 814 Lion 011 ingston” Pet Lone Star G n Dl 4 Mex Panueo . unt Prod .0 Bradford 6 Mex Land orthwest Ol . 11 Ohio Fuel Corp... Pandem. Oil Reiter-Foster” il &1 Royal Con O & R 6 Salt’ Cl Prod ? Tidal Osage O Tidewater Oil 1 Tidewater OIl pt 11 Yenezuelan Pet 1w Quinlan 12 Wileox 0°& G nw 1000 Y70l 1L Sales i mits 600 16 10 STANDARD OIL Am O non vte tn Oil n ial Sig Oil Humble Oil & R 800 Ivp O Can n 1900 Tuter, Tet ¢ Ltd 100§ O Ohio 400 Vacuum 0.0 1021 102% Sales in BONDS thousands. TOAINm. T8 new 831081, 1081, 1061 2K Am Gus & E1 6e. 101 ° 1008 1007y Am Pow & Lt 10014 10003 5 Am Scating 0015 001 10218 1021 ; a3 A0 G & E 0. 1 As Sim Hw 61.¢ 3 62B& O R R 8 7 Beaverboard As 1 2 ) 213 : 5 5138 A Mon W PC s 4 D Prod 635 st Cal Elec bs 0141y ons Cop 58 06 Fz](h'l; 4(::» 104 © Stat P 61331031 NSPM6Gls ('110?‘ Ohio P 4133 D 001 5 Ohio Riv Ed 5s 85 24 Otis St 68 A 068 BPan Am Pet 65102% HPen O Ed 65 A 105 2 Pen_ P& 5 6P E P Sl4s TPhil Rap 5Pub S N ) Pure Ol € K Bu 5338114 Del Ba.. 10415 6 Schuleo Tne 6155 10013 Schulte R Est 65 08 12 Shawsheen 100 6 Sou C Ed 5s ‘51 07, 17 Southe P & L 8s 041, Stutz Mot 7135 1071y Qloane’ o0 2 Tidal Osage Transcont Oil ‘73 98 364 O Prod 8s R of H 7138110 * Rub 6348 3% 101 R s 1011 R 6138 '34. 1011, R '6:!! 35 10] ) 126 011 S & R Bias102: 3 Pa bs G... 1001 3 Sales in FOREIGN BONDS osands ntio 2215 a2, oo 3 Antiog, P2 T4, oial & H:«len‘ . i o i ain 3 Buenos A 7e 52 20 Buenos A 713 36 Brazil 6138 . 8 das Tl . 8 Denmurk 3iga - 2 Free St Bav 6135 @ Ger Con Sun, 7 16t Con Ei 6lgs 5 Hamb, kK ZInd M B Fi 16 Mseder Stl_7e 4 Ital Pub Thl 14 Krupp ¥ried L ure E Man'd M&S 7o ‘41 R faz M M 7a 56 021 { Bk Ch 6 8 Prov Santa 3 Proy Lw Aus 5R Ch 8wl 9610 e Te N33 Tn St Wk, Weetph U E -dividend. " DIVIDENDS. Par- Stock of Corp. Period. Rate. able. recol Am Sumatra pf.Init $3.50 Sept. 1 Aur. 32 Easiman ] Ot 1'Aug. Do.. pfd. Ex Oct. Aug. 31 Do.; pfd. Foundation o Laclede Gag Lt Pub. Ser. Co. Pathe Pinellas Cnty. Pr. 7% pid. ser. A Q Do Gentals § Std. O1l. Nebraska B STAR, WASHINGTON. RUBBER BUSINESS NOW GOING STRONG Little Prospect of Shortage Due to Restrictions Be- fore Year Ends. . C. ROYL Special Dispatch to The Star. NEW YORK, August 12.—Reports of increased business continue to come from the Akron automobile tire plants. Demand has quickened per- ceptibly since the recent price reduc- tion, and some of the factories now are working on a 24-hour day sched- ule. Factory operations are at the high rate of the year, and production in the Akron district is conservatively estimated at 125,000 casings and 135, 000 tubes daily The smaller producers, such as General, Sieberling and . Mohawk, have increased output on an even greater degree than some of their larger competitors, but Goodyear, Goodrich, Firestone and Miller are all working at a high rate. The drop in demand for original equipment did not hit the smaller concerns so hard and was more than compensated for in the case of all by replacement orders. Now introduc tion of new models has spurred the automobile trade, and motor car pro- duction is climbing. This is resulting in larger original equipment ship- ments. W. F. Peiffer, vice president of the Miller Rubber Co., says that 60 per cent of the 1926 tire purchases will be made i the last five months of the yea: ‘Dealer stocks are 25 per cent lower today than they were a vear 2go,” he added. ‘Greatest demand is for low-pressure casings. Production of balloon tires in the first half of 1926 was more than 50 per cent greater than for the corresponding period of last vear. A 20 per cent decrease was noted in demand for high-pressure casings.” Notwithstanding the facts cited above, rubber consumers are already beginning to “view with alarm” the crude rubber situation. It is assured that there will be no restriction on shipments from the Straits Settle- ments before November 1. In_the meantime crude rubber stocks in Lon- don are estimated to have risen to 28,000 tons, which compares with 6,000 tons a vear ago. Total ship- ments of British rubber so far this vear have come close to 290,000 tons and it s expected the world output for the year will reach 600,000 tons, or a gain of one-sixth over last vear. Restriction Is Feared. ‘The price of rubber in world mar- kets is now below the equivalent of 1 shilling and 9 pence, or about 42 sents, If it averages below that mark until November 1 the amount which can be shipped from British Far East plantations will be restricted 20 per cent. But in the meantime shipments are heing made regularly and stocks are piling up. Any restriction could not possibly be feit prior o Decen- ber 15. Consequently it would seem that no shortage of crude rubber would face the_tire manufacture:| at least until 1927, Rubber dealers and importers say that if the tire men fear a short- age and a consequent increase in price, it is the logical thing for them to provide for their future require- ments by buying rubber futures now as low at 37.80 cents a pound for Sep- tember delivery and $39.50 cents for Janu: This, however, is one thing which few of the manufacturers in the past could be induced to do. Rubber consumers, while they would undoubtedly be glad to see rub. ber production flourish in the Philip- pine Islands, are not deeply interested in the disputes on the subject now current in the islands. It would take for such production to arge effect on the supply ation, and none can foretell what occur in the tive industry seven hence. FIRST HALF OF YEAR SETS NEW RECORDS Industrial Activity Greater: Re- serve Bank Loans Gained $900,000,000. The first six months of this vear have established a record for indus trial activity, in spite of a slow-up during April and May, the Federal Reserve Board reported last night. During the six months’ period, how: ever, there was a level of wholesale prices at about 5 per cent below that of a year ago. The automobile industry and the production of iron, steel and building material contributed chiefly to the ex- ceptionally large volume of output this year. The building industry, however, was gradually falling off and was less active in June than a vear ago. Distribution of the record industrial output to consumers was maintained, the board sald, and likewise the de- mand of forelgn customers continued. Bank credit also Increased to a rec ord volume. The growth of $300.000, 000 in loans and investments of Fed- eral Reserve member banks included an increase of about $385,000,000 in loans on securities: $340.000,000 in oth- er loans. largely commercial, and about $170,000.000 in investments. D. C. THURSDAY. FIRST MORTGAGES FOR SALE 6%2% THE TYPE OF SECURITY CONSERVATIVE INVESTORS BUY In denominations of $250, $500, $750, $1,000 and upwards, se- cured on improved real ate situated in the District of Columbia. JAMES F. SHEA 643 Louisiana Ave. N.W. AUGUST 12, Money to Loan by first deed of trust on real d_commi; rest 0 Washe b Bldg.. 9th 1926 We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- 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. An opportunity ex- ists- in Washington and vicinity for a REFRIGERA- TION SALES- MAN with a proven record of $50,000 sales annually. Phone Potomac FINANCIAL" Protective Responsibility BEFORE we present any of our securities to our clientd our appraisal experts in- spect the property on which the loan is to ba made. They insist that the loan be not.more than one-half of the entire value of the prop- erty; a precaution that further insures the Dependable Safety of First Mortgage Notes Annual Return 6%% Investment Department Metropolitan Life 1031 for appoint- ment. Insurance Company | Real Estate Loans —in the District of Co- lumbia, nearby Mary- | land and Virginia. } Total Resources Over 3 $37.500,000 | \/EAVER BRO REALTORS 809 15th St. N.W. Banking Offices Phone Main 9486 I | | | | | | | Five Convenient | I | | IA\{ERICAN SECURITY, ! | i Every Type of Rental Property —is managed by us as rental specialists. Apart- ments, Dwellings, Stores, Business Properties. Co- operative Apartments—to each we give the seasoned supervision a third of a century’s “experience has proved successful. Phone or come in. B. F. SAUL CO. Main 2100 925 15th St. N.W. i | & Penna. Ave. | [ 15t | 3 EDWARD B.SMITH ||| & co. I Members N. Y. Stock Exchange ! | New York Philadelphia B Mvestment Securities | Corporation Financing 17th and Eye Sts. ranged to sult any at exceptionally rentals. Commission Orders | — | Rooms, $30 each. = Square | foot . rate as low us 6 ver foot. One “ground floor store available,” $200 month. 1508 H St.,, N. W. WASHINGTON | James Donald Cassels Manager The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Ejtate in the Dis- trict of Columbia and Nearby Suburbs in Montgomery County, Maryland FOR 3, 5 OR 10 YEAR PERIODS S5Y2% ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANY Incorporated. MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Apartments i Office Buildings Business Properties Are You a Sucker? Too many people put thelr money in day dreams and wake up broke. Never put your name on the dotted line until you have inquired of some one in your bank what he knows about some stock issue that is of- tered to you privately. ————e MOVE HURTS SHOE FACTORIES Special Dispateh to The Star. LYNN, Mass., August 12.--The seri ous effect of the migration of many shoe factories from this city is out. lined by Arthur Wadleigh, who re ports as trustee of the Lynn Realty Brust. That organization, which owns efght factories, now has 400,000 square feet of floor \E&»u‘(‘ ‘,‘ anv:v — REAL ESTATE LOANS ANY AMOUNT 1 APARTMENT HOUSE: 2 0 BUSINESS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT 1010 Vermont Avenue N.W. Mai Real Estate Loans Maryland—Virginia District of Columbia The Capital Realty Co., ‘!nc. Insurance Bldg.. 15th and Eye N Main 9245 9302 Centuries of Experience ILD animals consume as they go—saving nothing for the morrow. But centuries of experience have taught Man that he must always provide for the future. . Taday the question is not, “Shall I save "—but “Where can I invest my savings safely and with good vield?” The First Mortgage Notes offered by Swartzell, Rheem & Hensey Com- pany, with their 615 % yield and their record of fifty-seven years without loss to an investor, will solve this problem for you. Swartzell. Rheem & Hensey Co., NMortdage Bankers T2715th. Street, V., WaskinglonDC. 57 Years Without Loss to An Investor . You Command What Your Dollars Command— THIS truth is more forcibly brought home to us each day. If you would have power, increase your wealth by investing in securi- ties that couple safety with liberal returns. The Federal Security & Mortgage Company deals in conservative mortgages, secured by improved, income-producing real estate. The constant turnover of the capital assures a very attractive return to the investor. The stock of this Company may be purchased on a convenient deferred payment plan. 8¢ is the immediate return on the cumulative preferred stock. 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‘k Preferred $10 par value. . ($125.00 10 Shares Common, no par | 4 VLU AT R N GC. E. MORAN & CO. Incorporated INVESTMENTS Southern Building - - - Telephones: Main 3628-3629 Fiscal Agents for FEDERAL SECURITY & MORTGAGE COMPANY 1412 K STREET NORTHWEST - - - WASHINGTON, D. C. Tax Refund Bonds for Washington Investors INCLUDED in our cursent offerings of First Mortgage Bonds are two issues which are particularly desirable for in- vestors who pay Federal income and District of Columbia taxes. These issues pay 614 % and 634, and in addition provide for the refund of the normal Federal income tax up to 2% and the District of Columbia 5 mills tax. We also have issues which pay 6349 and 7% without the tax refund features. Each issue of Smith Bonds is strongly se- cured by modern, income-producing city property, and protected by safeguards that have resulted in our record of no loss to any investor in 53 years. Denominations: $1,000, $500, $100 No a8y Maturities: 2 years to 10 years TO ANY INVESTOR Send your name and address on the form IN below for descriptive circulars, and for 53 YEARS our booklets, “Fifty-three sYears of Proven Safety” and “How to Build an Independent Income.” THE F. H.SMITH Co. Founded 1873 {[SMITH BUILDING: Washington, D.C.--Main 6464 [NEW YORK PHILADELPHIA PITTSBURGH BOSTON BUFFALO ALBANY MINNEAPOLIS Address Name 1-35