Evening Star Newspaper, August 24, 1926, Page 23

FIN EGGS ARE HIGHER IN CENTER MARKET Peaches From Georgia About Exhausted—Prices AdVance for Virginia Product. Tt ix between seasons in the peach market. The season for the big. lus- cious fruit from Georgia and North Carolina is about over, according to dealers, and they are now depending upon Virginia growers for supplies Prices have advanced since last week. Dealers are expecting receipts of the fruit from Maryland and Delaware growers in the latter part of the ook, Coan River cantaloupes, sald by dealers to he among the best melons brought to this market, have not reached here this season, being much later than usual. A few watermelons have been received from that section and were offered today at prices rang ing from 25 to 65 cents. A slight advance in egg prices was reported today. Fresh. selected stock advanced 1 cent, while current re ceipts advanced from 2 to 4 cents, and a slight advance in butter prices in other citles made the local market firmer. Today's Wholesale Prices. Butter—F: 1-pound prin 45. store packed, 30. resh selected, 33; hennery. Poultry, alive broilers, '30: 26; fowls, young. 20: 80; old. 40: broilers, 81.00; old, 40a30 Live stock—Calves, choice, medtum, 1lal a8: lamb, Fruit and Vegetable Review. old, 15 NEW YORK CURB MARKET Received by Private Wire BY WILLIAM F. HEFFERN NEW YORK, August 24.—Trading on the Curb Exchange was again ac- tive today, with the upward movement in progress in various directions. The coal shares maintained their place of prominence under the lead of -Glen Alden, which was bought again at its highest prices of the year. | The upward movement was resumed in Lehigh Valley Coal sales, although the gain was limited, Among the specialties, Enginee Gold, which had sold lust week at a new low for the vear at,4ly, was bid up rather sharpiy to well above The demand for this issue represented for the most part covering of short " YORK. August ollowin an official list of bonds and stocks traded in on the New York Curb Mar- ket today: Sales_in Bundreds. 5Amro_sup Mix B AP Barth v 3 Alum Co o L AmA { Am i Am 1 AT e Seating nid Seating i Stibervow B, 1AM Sty Am Stipern pr o &AM Thieaq ' pfhd e v S i Pt s B W e lihurn Auto (o fordeny. d0? 8 e 3Bl Corn A 1 ¢ 06 iy 4 Carolina. &L i 10 (et M INDUSTRIALS Hisin Low R b Close. [ 1 N 09 ) Cont Pin Cor pring & B. A ¢ i ary P Balt nw Laund Bak A Bak B Bak pf Tob Tne 1 Courtlaulds Ltd Cont G E P pllo D0 For RC vio 7 Dubilier € & Rad 126 Darant Mot 1 5 Today’s market report on fruits and vegetable: (furnished by Market News Service Bureau of / cultural Economics) says: Apples—Supplie: moderate: mand moderate, market st bushel baskets, Maryland and ginia, Wolf River and Summer Ram- bos. medium to large size mostly around 1.00; various varieties, small size, 50a75. Cantaloupes—Supplies liberal: de- mand moderate, market slightly weaker; Delaware and Iast Shore, Maryland, Salmon Tints and Pink Mea standards 36s, al.75: jum- hos tly 2.00; extra jumbos. flats all zes, 0a1.00; Colorado, Pink Meats flats s, 1.00a1.10; mostly around 1.00 Grapes—Homegrowns supplying the market for Eastern stock Lettuce—Supplies moderate: demand moderate, market about stead: 7 York, 2-dozen crates, Big type, fair quality and condition, 1 @1.75: Colorado, crates, Iceberg type. mostly & dozen, 4.50a4. Onions—Supplies moderate; demand light, market steady: Massachusetts and Ohio, 100-pound sa Yellows, T. S. No. 1 best, most fair condition 00a2.25. Peaches — Supplies liberal; demand moderate, market weaker: Virginia, bushel baskets, Elbertas, medium to large size, 2.00a2.50; few fair condi- tion low 1 sixes, Belles, large sizes, mostly 1 Delaware, Mary- land and Virginia bushel baskets, Relles, large size, 1.50a2.00: mostly 1.7502.00; some ordinary quality and condition, 1.00a1.50. Potato Market Steady. Suppliesmoderate; demand moderate, market steady; New Jersey 150 pound sacks, Cobblers, U. 3 1. 5.00. Virginia, East Shore, top stave barrels Cobblers, U. 1, 5.00. % Sweet Potatoes—Supplies light; mand moderate. market firn Carolina »p, stave barrel Tows, ium size, emall size Watermelons — Supplies moderate; demand moderate, market steady; car- lot sales; South Carolina. bulk, per car. Thurmond Grays, 30-pound aver- condition, 235.00; Tom Wat- s-pound average, some wasty. Potatoes— market weaker; homegrown, per dozen. sugar corn, 15a20; per dozen rket firm; Colorado, S, Telephones. £.00. OUSTER SUIT IS FILED AGAINST GOODYEAR 5-pound Unnamed Stockholder Séeks to Bar Akron Tire Firm From Ohio Operations. Br the Associated Prose COLUMBUS, Ohin. August Characterizing his alleged attempt to ake control of the company away from Wall Street.” Prosecuting Attor- ney Gi. Walter Booth of Summit Coun ty vesterday filed suit in the State Supreme Court seeking to prevent the Goodyear Tire and Rubber (o. of Akron from doing business in Ohio and to oust eight members of the company's board, of directors. The ounster proceedir which Booth said he instituted “on complaint and at the reqgest.of a stockholder.” were hased on $he allezation that the has been violated in placing mana ment of the corporation in the hands of “three certain joint tenants,” whe hold 10,000 shares of “management stock’ at nominal par value. The ouster petitions failed to name stockholder at whose request the were filed. nor did they reveal mes of the “joint tenants. The Goodyear Tire and Rubber (o the largest independent anization its kind in the United States, was involved in financial dificulties in 1421 and reorzanization was effected with authorized capital of $101.000.000, This was made up of 1.000.000 shares of $100 par preferred and 1.000.000 | shares of no par common stock. The 100 shares of “management stock were provided in addition. The finan clal status of the company is not in volved in the suit. it was said At the present time 0.796 shares of the preferred and 610. shares of the common stock are said to be out standing. UNIOI% }ACIPIC EARNINGS. NEW YORK. August 24 (P).— Earnings of the Union Pacific for July nd the seven months of 6 show marked improvement over the corre- eponding periods last vear, .July net operating income wa 2 488,406, A suin of S6 and for the seven months §1 against $18.974,169 a year ago. gross revenues were $§1,316,3%1 larger than July last vear. POTATO MARKET STEADY. CHICAGO, August 24 (#).—Pota- toes, receipts, b4 cars: on track, 196; total United States shipments, 488 trading good, market steadyv. Kansas and Missouri and Nebraska sacked Irish cobblers, 2.70a2.80; heated, 2.50a 2.60: Minnesota sacked eavly Ohlos, a2.70 according to quality. CotRaRbI le.. . oo ob e 4 tle. N . ';m’:‘i' e o't Md. com 14 Dupont D E 1 Duz Co A vt 1 1 Bond & Sh pfd 10 B & Sh n Co. 7 Invest In Pow Cor ey Wolte Parch A ndation Fo ‘A Theaters A nk HH Mfg C nk HHMC pfd R0 ‘( N‘fih‘!“(;ul Chas Garod Corp. . | AGen Bak A . 19 Gen Bak B . 1 Gen Elec Ger 024 Gen Motors wi. 1 Gll!elt?\]afi R. n Alden Coal Goodyear T & R Grimes R & C R 1 Hazeltine Cor . 1 Hollander & S A 9 Ind Ray_Cor A 5 Intern 101 B 1 Land H C A stpd Leh Pow n .. Leh Val ¢ o Leh Val C Sales Leonhard Tie Inc 3 Mare Wire Lon . 'y Mengel Box”, Metro Chain &irs 3 Mohawk Hd Pw 1 Mohawk Val nw 1 Motion Pt pfd 1 Municipal Serv. Nat Bak ... . it Elec Pw A 241 « pfd 1011 ser AL 19% N Y Tel Co pfd 11 Nor Amn Cement 2 orth 0 Pow ( or States P n Wi A i K106 " 102 10 aga, 1 Rand Ka Bur i 423 _1Rep Mot Trk vie 77 Rickenback Mot 1 Seaman Bros &L n pid Tex Gulf S i wi Thermiod Rad C 4 Thomp Rad vt 15 Timken Axle & Trans Lux Pic 3 Trumbull _Stl Tub Art & B vic Tni G imp ¢ Tni Tt & U 1 1 s Lt & Ht pia k Mach Bros P & Cop_Mines. . ortez Silve: Eng Gld M nreka Croesis Lead st M Th G 3 0 Flor Goldfid_ M 20 Forty Nine M + Golden Center M o6 10 Washington Stock Exchange| SALES Washington Gas fs “33—%1.000 at 104 5 Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. American Tel & Tel Amer, Tal Telga Am. Tel. & Tel cti_tr Anacostia & Pot. R R. Anacostia & Pot. guar. . & P. Teleph: C. & P Tel of V. Capital Tras Ci & Suburban 3s. cetown Gras. 16t Bs o El 1st oo, come Eloc. 85 10; Pow. & Alex. & Mt Wash Alex. & Mt Warh. Balt. & Annap Washington' Gas Bs., Washington Gas_fis Wash.. Rwr. & Elec. da . Wash Rwy. & Elec. gen Potomar Pot. El Wash s Chestnut Farms D¢ Paper ¢ Pot_ Jomt St Squthern Bldg. 6igs. Wash Mkt Cold. Storagy Wardman Park Hotel 5 STOCKS. PUBLIC UTILITY. & Telga 144y T 104 a3, 205 o8 190 8o Steamboat Potomar Wash. Rwy Wash. Rwy pfd. NATIONAL BAN National Capital Columbia Commercial strict A Farmers & Mechanics Federal: American Liverty coin National Metropolitan rong t "Bank of ‘Washingion TRUST COMPAX can Securits & Trust.. Amimental Trust t crchants: Bank Ciional Savings & Trust [ Cpton Trust Waeh. Loan & Trusi.. SAVINGS B Commerce & Saving: Sam ™ Vashington . Socurity. Savines & Com Seventh: Street i Uhited " States;. |0 Washington Mechanics’ FIRE INSURANCE. American oremen’s Kationa ' Unton TITLE INSURANCE 18 38 MISCELLANEOUS. ot Tlopace ofd . ™% Siorare fan. & Stor pid C Pederal " Merchants, erchan! r trpe. nth: Lin N eEenal Stre. & Tnv Bid . Peoples i« Stores pf. . .. Lanston Monotype. Seurity Storage Washington Marke! *Ex’ dividend. | | THE EVEN Direct to The Star Office cline. Considerable interest again center- ed on the trading in the new General Motors stock. In sympathy with strength in the old shares on the Stock Exchange, the price was car- rled to a new high record. The most significant about the trading in this |1ssue was the large blocks of stock {which changed hands at advancing | price: |a new high record around 156. In- | dustrial Rayon was another feature, | e | 8% | work slightly higher. but there was no indictaion of an active resumption {of buying in this quarter of the mar- du Ohio Cop s 10 Piymoutn Lead M 18 Premier Gold M 20 Spearhead Gold Teck Hughes. . . $0 Tono Beimont . 1 Tonopan EXt. . 10 Uni East Min i Verae Ext. 5 5 : Ctah 4 : i Wenden Cop. . : INDEPENDENT OIL STOCKS. A 14 B34 Sales Oilfields ) Ark Nat Gas 5 Mount Prod ... New Bradford 0 ) Northwest Oil ZNEVON . 3 Qhio Fuel’ Cor i Pandem ~ Oil 5 Peer 01l Corp _ . 7 Pennok Ol Corp d_Bank Ol . % r-Fost 0l ol wi nO &R . Cons. Venevuelan Pet Wilcox 0&G nw 2 Woodlex Pet new 0T alesin STANDARD OIL 185 units. ROD A Am O non vte 171 900 Continent Oil 1. 203 900 Humble Ol & R. 621 110PLP L. 134 n n. Ltd 130080 Ind.... 3008 0 Kansas. . 1008 0 K: Sales in thousands 2'Allied Pk 8. 1% Alum, 78 new 3 Am Gas & EI 6s. > Am Pow & Lt 6s. i Am Seating Bs.. Am W W W s A 9 Am WP s 7 & Appal El P Asto G & E 0 A Sim Hard 6155 AU Fruit Ke R &ORR b 2 Beavorhoard, Se T Can 7 { L .. 102 261, b a7y 10 Cudahy 3 20 Cudahy 3128 22 Duke P Pw 6a'A 10! 2 Schild, fs 971 ; 1043 [ e 58 v 18l 96 * Trunk 6s. 100 Gulf 01 Corp 28 101 1« Hood_Rubber 78105 It 1 ' 1 nd P& 1, 68 hi' Gr Nor 58 B 058 et N Gas wi. 107 KT CPaLsA 8 Lehigh Pw s A 031, Lib MeX & 17 781043 Loow's Inc s ORI} Mags Gas 5lps: 10210 SA°W BT G A aRy £ D ProGlas 07 P&L s A wi v Cal Elec 5 Nev Con Cop 5 14 NO T&M RAsCwi 5 Nor St P 6lal Ohio Pow 448D 5 Ohio Pow 58 B.. Ohio Riv Ed 88 054 Htis St Gs AL 054 i Pan Am Pet s 1025 33 Penn Uh Ed 8 A 1061, - APh E P blgs 72 1024 1 Phila Rap T G+, 1001 51 Pub S N J Blax 0010 1 Pure Of Co_i15s 10380 24 Rand K B 5135, 1187 10 Servel Del 02 hleo Tne 0 1 i R 1 4 i 1 0 0 3 X ) 078 N stutz Mot 7 1 &un Oil 58 2 Swift & Co ba 1 Tidal Osage 78 0 Transe 0Ol 1Tm Rof HT 517 S Rub Glgs & Rub Gigs ‘311011 S Rub 61s ' i1 S Rub 613e 5 West Pa bs G Sales in FOREIGN BONDS. thonsands. % 2 Antioqua s B 14 Baden s 20 Buenos A 17 Sax Ph W 1, 4 Qe & Hal 7a e & Hal 78 Ir & Stl 7 St W Bur 78 947 S W Blas A 093, W Giga ¢ 08 i Un El 6lgs 80 *Exdividend FOREIGN EXCHANGE. (Quotations furnished_by W. B, Hibbs & Co.) : Nominal Selling checks gold value. _ todav. $4.R665 $4.85 15 iy e London._pound Montreal, dollar. {Parie{fane Brussels. franc Berlin K Rome Zurich Athens Madrid Vienna. Budapsst. | Prague. crown Warsaw. zloty. Copenhagen. oclo. crown Stockholm, m drachma’ peseta. . crown . crown 100014 00014 14 02981, 1100 own crown ! eign exchanges mixed. Quotations (in lcents): Great Britain, demand, 4.831; France, demand, 2.83: cables, 1%, Ttaly. demand, 3 cables, 14 Demand—Belgium. 2.74; Germany, 23.80; Holland, 40.04; Norw 1.92; Sweden, 26.76: Denmark. 26.55: Swit- zerland, 19.30%; Spain, 15.39; Greece, 1.1 Poland. 11.50; zechoslovakia, 2.9 Jugoslavia, 1.7613: Austria, 14.121¢; Rumania, .49; Argentina, 40.50; Brazil, 15.31%; Toki hai, 69.25; Montreal, 100.15%. TREASURY CERTIFICATES. | 100 5 100 1116 1003, . 101932 101% Du Pont new also established | The oil slifes were disposed to | i 0 NEW YORK. August 24 (®).—For- | jcables, 4.855;: 60-day bills on banks, | , 47.933%; Shang- N. contracts put out on the recent de-’ I | | | ! {ertd | 909,741, {tious in making investients. NG STAR. WASHINGTON, ININORITY TO SEEK T0BUY RAILROAD St. Paul Bondholders ~ Ask Court to Postpone-Sale Un- tit Congress Acts. tting up more thah a half point, at | By the Associated Press. CHICAGO. August 24 —As a last resort protesting bondholders in the receivership proceedings of the Chi cago, Milwaukee and St. Paul Rall- 10ad are prepared to make a cash bid for the road, if and when it goes un- der the hammer, Edwin C. Jameson of the bondholders’ defense commit- tee declared in a brief filed yvesterday before Federal Judge James . Wil kerson, who is to set the date of sale. Not only are the hondholders pre pared to enter the field in bidding against Kuhn, Loeb & Co. and the Natlonal City Co., majority bondhold- ers, but the protesting group of bond- holders, representing more than S$18. 000,000 of réfunding bonds. suggested that an “upset” or minimum price to- taling $250,000.000 be fixed if the road is put up for sale. Urges Postponement of Sale. The brief and affidavits of protesting bonholders are in opposition to the motion of the trustees of the road for an early sale of the St. Paul, and the proposal to buy the road outright, a last resort to protect bondholde was accompanied by a request that the sale be postponed for a reasonable time to allow the marshaling of forces. Mr. Jameson asked that the sale be postponed until Congress has had op. portunity to pass the debt extension bill, which, he said, will make it pos- sible to modify the plan of reorgani- zatlon in the ‘interest of all security holders, both stockholders and bond- holders. .This bill was favorably re- vorted by the interstate commerce committee of the Senate of the last Congress. Asks Plan’s Consideration. I such a postponement cannot be had, Mr. Jameson asked that the pro- posed plan of reorgamization be con sidered by the court before setting a date of sale. Tf the consideration of the plan of reorganization is to be deferred until after the sale, Mr. Jameson asiked that an upset price he set that will at least yield a fair sum to the dissenting bondholders for their bonds. He sug- f(‘sl‘n]d uln upset price of $80.000,000 lor the Puget Sound extension, 50.- 323,1;00 l;!]n the Illnes East and 321‘51‘”’1 'or the unpled; assy w 5 Eonin r il AR B. &0. TO SELL RIGHTS ON COAL FIRM STOCK Subscription Privileges Are Worth $11,715,000 Currently in Read- ing Corporation. Special Dispatch to Ths Star. BALTIMORE, August 24— The timore and Ohio Railroad has set in motion machinery for the sale of its 606,652 rights to subscribe to the stock of the Philadelphia and Reading (oal and Iron Corporation. The owner of these rights the privilege of suh seribing to 21.3 per cent of the capital stock of the coal and iron corporation. The rights at the current market price are worth more than $11,715.000, The name of the prospective buyer of the rights ix not disclosed. Tt is likely the rights will be di posed of by Januarvy 1, 1927, which will mark the expiration of the extension of the time for converting them into stock of the coal and iron corporation. It is the prevailing belief that it would be more advantageous foy the Baltimore and Ohlo to sell i than to exercise them and stock of the coal and iron corporation. The rights accrued to the Baltimore | and Ohio as a result of the segres: of the Reading Railroad and coal under decrec of the United States Court. Sale of the rights would not affect the Baltimore and Ohio's interest in the Philadelphia and Reading Rail road. The B. & O. owns more than 20 per cent of the various ¢ of stocks of the railroad. The New York Central holds nearly as much, and it understood that the Ii. & 0. and the Central have reached an understand- ing whereby the former will acquire the latter's holdings. It is said that enough stock has been secured in market t¢ give the B. & O. majority of the Reading issu . SURPLUS SMALLER. NEW YORK, August 24 (#)— Surplus of the Delaware, Lackawanna, and Western for the first half of 1926 was §1,841,652, against $2,559,961 in the same perfod last vear. July net operating income was $1,911,172, against $1.790.606 in July 1925, and for the seven months this year $9. compared with $9.635,132 a. vear ago. PRICES ON PARIS BOURSE. PARISY Auguet 24 (®).—Prices moved irregularly on the Bourse to- day. Three per cent rentes, 49 francs 70 ecentimes; exchange on London, 171 francs 30 centime: per cent loan, 53 francs 82 centimes. The dollar was quoted at 35 francs 23 additional the open clear 3 | centimes. Have You Been Stung Yet? Some men have to' get stung good and hard before they learn to be cau- : n Before you invest—investigate! - — e MATURITIES ARE SMALL. NEW YORK. August 24 (®).—Co porate maturities in September amount to an unusually small total $29.793,070 in contrast to $: in August and $21.053,220 in ber last year, which will require little new financing. Foreign government and municipal loans maturing next month total $5.587.500. 1 equip- ment trusts comprise the. greatest part of current railroad maturities. Under a readjustment plan an issue of Bos. ton and Maine 4 per cent honds, due Il not be 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 vou. Our experience, ex- tending over a period of Thirty-five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. D. C. TUESDAY. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY V SAN FRANCISCO, August 24.- The grape movement now is in full swing- and daily trainloads are pro- ceeding from many distric New regulations to eliminate the refrigera- tor car speculator are expected to avoid a car shortage. CHICAGO.—Meat trade continues in good shape, with prices steady to higher. Light cuts of fresh pork have advanced, while heavy cuts held steady. Beef has gone good at steady | prices. The recent slight recession in {smoked meat prices has caused that {line of trade to be brisk. i ! MONROE, La.—The Interstate {ural Gas Co., which is constructing a ipipe line from the Monroe fields to the Standard Oil plant at Baton Rouge, by way of Natchez, has placed a mortgage of $11,000,000 on its pipe line and gas land holdings to pay for construction work KANSAS CITY.—Suit_to set the salo of the Kansas Flour Mill to Spencer Trask & Co. of New York has been filed in the name of Roger { Rankin, a former stockholder. ATLANTA.— Sears Roebuck & Co. report that the husiness done by their Southern branch here opened August 2 has been such as to run 25 per cent ahead of estimates. If maintained it will necessitate enlargement new plant within two years, ST. PAUL ACTION MAY HAVE EFFECT New Financing and Mergers of Other Roads Involved in New Move. J. C. ROYLEF al Dispatch 10 The Sta NEW YORK, August security holders in a score of railroads which owe money to the Government check ed up today on how a remission or refunding of their Federal debt might affect new fi ng and mergers. The possibilities in the case of many less prosperous roads were brought sharply to the fore by action of the hond de¥ense committee of the Chicago, Milwaukee and St Paul road, which asked delay from the District Court of Ilinois in sell ing that property and reorganizing the company. A good many of the stock and bond holders of the debtor roads feel that the carriers are in a somewhat sim- ilar position to that occupied by the foreign nations which secured war loans from the United States. They assert, although this position not taken by the St. Paul petitioner that the roads were taken over by the Government under stress of war-time necessity and that as a result of this action the loans became nec These loans were provided, but z definite rate of interest, while the rriers were also restricted by Fed- cral control of rates and the percent- age allowed to be carned on valua- tion. Roads Have Good Half Year. The s 1 raflroads as a whole d a wonderful year and a dlroads are at the highest prices in recent ¥ So I condition is concerned, arriers are in better shape than cor before. The carriers in the first six months of this vear are estimated to have earned $50.000,000 more than in the corresponding period of 19 3ut not all the ¢ made a profit. Freight traffic density in the case of most roads has increased but so have operating cos The money makers have been made so by efficiency of equipment and operation. some roads have not been able to earn fixed cl In certain cases this is due to heavy funded indebt- edne Others have been on the horder line. Security holders of some of these that a decided amount of relief would be evidenced in their position if the governmental debt were treated in a more lenient way and that a large amount of refinanc- ing of maturing honds could be avoided. Other financial expe where a_major ope it is foolish to d it. The relative valuation placed on the property is a major factor in arriving at a de clsion as to the future financial needs f road. This is clearly evi: denced in the affidavit of Edwin C. Hameson for the hond defense com mittee in the St. Paul road. In it Mr. Hameson demand thorough expert examination of ihe road in order to determine the upset price of the St. Paul property. He con- tends it should not be less than - 000,000, “whereas his opponents, in their plan of reorganization, fixed the figure at $100.000,000 Consolidations of rail lines being considered may be vitally af- fected by these and other questions, no matter what action may be taken in the St. Paul case by the Illinois District Court. Certain valuations and financlal proposals looking to the consolidation of many lines have al- ready heen vigorously contested by some of the security holders of the smaller and less prosperous roads. These protests undoubtedly will be given full consideration by the Inter- state Commerce Commission in rul- ing on -the proposed mergers. The tentative consolidation plans of the commission have already been prac tically wiped out. since announce- ment in 1921 by a combination of events, and the mnew combinations therefore seem likely to be a. good half. s helieve that n is necessary now FOR RENT Stores and Offices Near the New Willard Hotel —Reduced— Monthly Rates If Rented Before September 1st H. L. Rust Company 1001 15th Street Main_ 6888 We have on hand a fund of $200,000.00 for. first trudt loans on improved D. C. proper- ties. Prevailing rates of interest and commis- sion. Loan Department GARDINER & DENT, Inc. Main 4684 1409 L Street -N.W. AUGUST 24, of the| proposed | the | s one roads have | oo COTTON ABSORBS REALIZING SALES ‘Bullish Sentiment Much in Evidence Due to U. S. Crop Estimates. By the Associated Press. NEW YORK. August 24.—Cotton ‘futuwes opened steady: October, 17.60: December. ; January, 1 A ‘good deal was absorbed on comparatively mod- erate setbacks, as the dips appeared to bring in a broadening demand from both trade and speculative sources. The opening was steady at an ad vance of 3 p ts to a decline of 2 points, active months showing net losses of about 1 to 9 points in the first few minutes. December eased off to 17.68 and March to 17.95, but the mar- | ket turned firmer after the initial profit-taking had been absorbed. Except for realizing. selling was re. stricted by the unsettled weather out- look, while the bullish sentiment cre- ated by vesterday’s crop figures re- mained very much in evidence, and the market was 7 to 8 points net high- er at the end of the first hour. De- cember selling at 17.77. new high ground for the movement. The early advance extended to 17.82 mber, or 13 points net higher and 174 points above the recent low | level. Evidently this price attracted | more realizing, and there may have | been some local selling for a reaction on declines of some 15 or 16 points | from the best in the forenoon. Buying on the weather and crop news con- | tinued. however, and the market was | steady at midday, December holding ground around 17.73, or about 1 to 4 points net higher. New Orleans Quotations. SW ORLEANS, August 24 (P).— tton futures opened stead Dctober, December. 17.72; January, 17.67; 17.88: May. 18.00 bid. The opening in the cotton market here to- { day was firm, with first trades show- ing zains of 2 to 10 points. The ad- vance, which was helped by reports of a tropical storm in the Gulf of Mexico. continued after the start un- til October traded to 17.85, December 0 17.81 and January to 17.75, or 10 to 13 points ahove the previous close. Prices here soon cased off as the New York market failed to rally in keeping with the local market. At the end of the first hour active months were 3 points above the lows, with the, mar- | ket steady. | e . EXPORTS SHOW GAIN. BALTIMORE, August 24 (Special), | Due principally to shipments of | coal to British ports, e through the port of Balt | showed an increase of § comps cording to the weekly report of the | collector of custom Imports, on the other hand, decreased $743,068, total- | ing only $1,647. of which §663,948 was admitted duty free. Exports amounted to $4,855,3" ; DIVIDENDS. | Pe- Corp viod. Rate North gy | W Am Co. Do, B pf Wost'n | Dior | ™ REAL ESTATE LOANS | ANY AMOU 51/2% APARTMENT HOUSES AT LOW RATES BU! PROPERTY FRED T. NESBIT SIDENCE LOAN 1010 Vermont Avenue N.W. Main 0392 Sept 20 Sent 15 | | 17th and Eye Sts. Sultes arranged to sult any busines a¥ " exceptionally moderate rentals. 9 Rooms, $30 each. . Square store foot rate us low as $1.56 oer_foot. One ground floor availuble. $200 month. MGDRE & END your name and address today, on the form below for our booklet, *Fifty-three Years of Proven Safety,” which ex- plainsthesafeguardsthathavere- | sulted in our record of no Ioss to | any investor in 53 yeats. These | safeguards protect every investor | in our rior:'t Mortgage Botz/t‘lv(ig. Current offerings pay o | 63;% and 7%, in $1,000, $500 | and $100 denominations, and in maturities from 2 to 10 years. TuE E H.SMrTH Co Founded 1873 SMITH BUILDING Washington, D. Mew York Philadelphia Pittsburgh Boston Buffalo Albany Minneapolis | | 790 11 situated FINANCIAL. IReal Estate Loans Maryland—Virginia District of Columbia 15th and Eve N.W. S FIRST MORTGAGES FOR SALE 62 % THE TYPE OF SECURITY CONSERVATIVE INVESTORS BU In denominations of $250, $500, $750, $1,000 and upwards, se- cured on improved real estate in the trict of Columbia. JAMES F. SHEA | For that reason we gage Securitics. Nev of our business career a penny in cither prin pay an annual return ON 713. 715 and 717 14th St | The Capital Realty Co., Inc. Mortgage Investment Department T | Money to Loan | Secured vy tirst deed of trust on real est i Prevailing int st and commiseion. Jose”plI l Weller Bliz. Oth & F N.W. & : Cities Service Company Henry/I/Doherty & Qommpany = 803 Wilkins Bldg. . Main 6189 1= | | We Buy &-Sell Unlisted ‘ Stocks &Bonds Mghiman ¢ Co Proven Safety Is Essentiai in Investment suggest our er in the t has any ¢ cipal or inter of 6120 (I TR - & LUCH Main 2345 TR, &Efl@ { Third of u. Century's Experience Main 2100 Tenants for Your Rental Property —may be hard to find. Have us help vou. Every day, being specialists in Property Managemeni prospective t ¢ n a n ts come known to us. \We supervise leasing. collec- tions and maintenance. Our service is complete and experienced. B. F. SAUL CO. 925 15th St NOW. = Our offerings, carefull;' S sections of the larger ci safety most secure, and most likely. For safety, gage bonds. Established 1904 AN OLD RESP Capital and Sur Clevel and over azo New York Offers On Improved Rea trict of Columbia m Montgomery ’ Houses Business Properties ON APPROV 4 1321 Connecticut Avenue @ National 58th Oldest Savings Year Cor. 15th EVERY DOLLAR THAT HAS BECOME DUE ON FIRST MORTGAGE BUILDING BONDS SOLD BY US HAS BEEN PAID TO EVERY INVESTOR ki AR i A S A Safeguarding the Investor elected from the thousands submitted, are secured by properties in the better ties where building needs are most urgent, earnings most certain, margins of the appreciation of values invest in these first mort- Write for Circular BN-2 AMERICAN BOND & MORTGAGE Incorporated ONSIBLE HOUSE plus over $8,500,000 211-212 Transportation Building 17th and H Sts. N.W., Washington, D. C. Telephone: Main 854 Detroit Boston 1y other cities Philadelphix The New York Life Insurance Co. to Make First Morigage Loans 1 Estate in the Dis- and Nearby Suburbs County, Maryland FOR 3, 5 OR 10 YEAR PERIODS 5%% Apartments Office Bulldings ED SECURITY pply RANDALL H. HAGNER & GCOMPANY Incorporated. MORTGAGE LOAN GORRESPONDENT Telephone Main 9700 Capital & Surplus, $3,000,000.00 Time Shows & The Wisdom —of appointing Corporate Exe- cutors or Trustees under Wills. Corporate fiduciary agents never become ill, go on vaca- tions or die—are financially responsible and specially equipped for their duties. “Before drawing YOUR WILL and deciding upon an executor, consult with us about this im- portant topic. Our Trust Offi- cer is at your service. &5 Deposits invited in any amouni— Same Rate of Interest Paid on smail and arge accounts avings & Trust Co. Institution in Washington and New York Ave.