Evening Star Newspaper, August 26, 1926, Page 31

FINANCIAL, FISH ARE HIGHER INMARKET TODAY Nor'easter Has Effect. Crabs Are Cheaper—Other Foodstuffs Unchanged. =y | Owing ®o the continued nor'easter, ! involving the destruction of many nets | along the East coust, trout and croak- | ers were acarce at Municipal Fish Mar- ket this morning and decidedly higher prices prevailed. Choicest trout this m as much a= $40 a barrel, second size selling at $20 and smallest ones at considerably lower prices, and dealer rning brought trade. Norfolk spots. regarded as ane of the best pan fish to be had, offered this morning at 1214 Yesterday they retuiled in 25 cents, according to information re- | ceived here. Norfolk residents regard- ing them as the best product of the waters in their section. Croakers, xold us low as $4 a bar- rel Jast week. were quoted at §25 this morning, and dealers say the increased price may decrease the demand, but the supply is so short that it prob- | ably will be cleaned up before the close of the d. market. Fresh Haddock Plentiful. | ¥resh haddock were plentiful and cheap this morning. dealers quoting & price of 7 cents, the filet of had- | dock, always in good demund, bring- ing 18 cents. | Rockfish were quoted at cents, while 10 cents was the price quoted on Boston mackerel. cod. pollock and flounders. Crabs and crab meat were more plentiful and cheaper. ilard crabs. | which sold as high as $15 a barrel only a short time ago, dropped to $4.50 | yesterday. Today the price went to $6. Soft cra®s sold at from 60 cents | to $1.75 a dozen. | White flake meat was offered for $2.50 a gallon, claw meat selling at $1.50. Shrinp ‘are more plentiful and | cheaper. green shrimp selling at 25| cents and cooked shrimp at 50 cen a pound. Clams were offered at $1.50 ! per 100, | An appreciable change in the weather conditions this morning put new life in the market. Buying | picked up, dealers reported. improving business. ' Prices of most foodstutfs to- day were practically the same the close of yesterday s market Today’s Wholesale Prices. sutter—Fancy, 1-pound prints, 46a tub, ore packed, 30 | 3ggs—Fresh selected, 33; hennery, 5 cwrrent, 30. Poultry, alive—Turkeys, 35; Spring broilers White Leghorns, 4« . 15; keats, Dressed—Turkeys, 40 | ; keats. young. 90a1.00; —Calves, choice. 13; thin, 7 a8: I 14 ham shoul .+ 16a1%;) me- | Fruit and Vegetable Review. Today’s market report on fruits and | vegetables, compiled by the Market News Service Bureau of Agricultural Economics, says: Apples—Supplies moderate; demand moderate, market steady; bushel bas- kets Maryland and Virginia, various varieties, medium to large size. mostly around 1.00; few high as 1 size, o oxes, Washingto e, Maryland jumbos, 3 all sizes, BIaS0; few vado, pink meuts, 1.00 Grapes—Supplies light; demand lim- fted, market steady; California, crates Flame Tokays, Lettuce — Supplies moderate; de- mand moderate, market firm for good stock; New York. two dozen crates, Big Boston type, best. mostly 2.00; fair condition low as 1.75; Colorado, crates, | lceberg type. falr quality and condi- | tion, 4.50. Onions—Supplies modciuts and nioderate, markel steads: Massuchu- 100 pound s Yeliows, U mostly 2.5 pink | s, 50: Colo- flats, mostly den sotts No, T erat steady baskets, market and Maryiand, bushel | lbertas. medium to large size, 2.50; Virginia, six large ze, 2.50, few low as 1. supplies liberal; demand limited, mar- ket steady: Virginia, Maryland and Pennsylvania, bushel basket medium to large size. size, 1.00; Virginia. medium to large si: size, 1.25a1.50. i Potato Market Steady. | Potatoes—Supplies light: demand | ght, market fairly steady: New Jer- c T . 8. No. 1, &. Sweet potatoe: mand light. market Carolina, cloth-top stave lows. No. 1. mostly 7 mostly 6.50. Watermelons—Suppli mand moderate, mar ginia. bulk. per 100 varieties Nelects. as 20.00; Primes. as 7.00 Corn—Supplies mude moderate, market stead. sacked, per duzen sugar few highe Peas—Supplies moderate, market 80-pound crates, few Cucumbers— No ported Larrels yei Nancy Halls, heavy; de- | weak: ' Vir- | melons, various ;tew low 10.00a15.00; few low | ate: demand home-grown, corn. 15a20; moderate, steady: ( sules, $.00. early sales demand rado, re - . PRICES ON PARIS BOURSE. PARIS, August 26 (P).—Prices im- proved on the Bourse tbd cent rentes, 49 francs 90 < ange on London. 188 francs 93 | centimes; 5 per cent loan, 33 francs 25 centimes. The dollar was quoted | at 35 francs 2 centimes. Are You a Sucker? | Too many people put thelr money “ B in day dreams and wake up broke. Never put your nhame 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. SHORT-TERM SECURITIES. (Quotations fur by Redmond & Co.) | ers Pictures | National C Received by Private Wire BY WILLIAM F. HEFFERNAN, Special Dispatch to The Sta: . NEW YORK, August 26.—Indus- trial issues of the highly speculative type commanded more attention in to- day’s trading on the Curb Exchange, while the main body of stocks did lit- tle in either direction. The outstanding feature was the pronounced strength of Warner Broth- common stock, which moved forward even at times when profit-taking was hea: in the class | A shares of the stock exchange. Above 47. the price established a new high record and compared with the previous | close of 431%. Whether or not a rise such as that which has taken place { in this issue is justified by the latest developments in the company's affairs is a question which was given serfous consideration Last year Warner Brothers did new financing, in the shape of a $4,000,000 note issue, and | it was recalled that the company re-| ported a substantial deficit in 1925. NEW YORK, August 26.——Following | is an officfal list of bonds and stocks traded in on the New York Curb Mar- ket toaay: Sales in IN' S ALS. hundreds, sl FF2. pi 1Am Seating vic. § Am_ Superow A m’Superpow B 1’Am Thread X tam. Tor, -Am_ Tot, ¢ Ivh City’ R Bucsrus (o 1 Burdine Ine ©* Gin Alé i Co vid 0 fa fl(]", gP"’ C»‘ B Soring G S Bn o1t R 2ol Mot (- orhan ‘Co A" 11y Ford Mot Co_Can i Foundation F A, 8 Fox Theaters A * IRERRE P e Happine 8 6 Hazeltine Corp 1 Heyden Chem 1 Horn & Hardart.. 2 Ind R Cor 1 Johns-Many 20 Kevato Solat Lel Pow mew. Teh Val C ofs 5 Leh Val € ‘Saley 0811 1, Lib Owers su Gl 135 S MacAnd & F C n 1 ' Met 5850 Sir i i Mid West Uil 1 is Mohawk HP 1 bt 1 ’1\lulm|v pt B4 123, L pfd 1074 & L. 288 & Lnf K410 it 104 # Tran Lux 2 Trumbull St1 1Tm Ax;' T Washington —$1.000 at 10415 $4.000 at 103 Capital Traction Co—2 at 104%. 5 at 104 "ol Eler Pow. ptd.—2 at 107, h. _'& Elec pid.—20 ‘at 80%. 9%, %0 at 804 26 4 80%" 40 at 50 at B0 Natl. Bank of Washington—3 at 278 Mergenthaler Linotspe—10 at 107 AFTER CALL. Capital Traction Co—1 at 104% Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY American Tel & Telga. 4: Amer. Tel. & 8. 41y AR el & el ot tr Anaostia & Byt :}lk Anacostia & PO ¢ & P. Telephone 5s. el of Va. & Captal Traction R, R. Gty & suburban 9. Georgetown Gas 18 Potomae Elee Potomac Ele Potonia _Elec Pot. El. Pow. g, Alex. at 2 Eloc. 4h. 1 & Elec. gen. 6s. 105 MISCELLANEOU ; 8. ¢heatnut Furaw Im? Sus . = ‘L' Bk. 5 . o t. Coly S Bari Hrotel Saa. STOCKS. PUBLIC UTILITY. jer. Tal. & Telgs. . \Q.",,?‘{_u Fraction - \ngton Nortolkt ‘& Wash Rwy. & Elec. pf. NATIONAL BA Wash. Wash. S o stz R e TRUST COMPAN o Securits & Trust.. it e Shis Ban ation) Savi | Cnion Trust.. Am Am el & i ‘Anaconda_Copper s voaated Of s 10 timore & Ohto_0s thiehem Steel 5o’ 1030 Contral of Georgia 8s 1620 Chi. Mil. & St P 6 1934 ity of Tyon as 1934 olumb. 1st 5a 102 Continental G & E. by 107 Federated Metals 139 Fisner Bogy ¢ orp. Goodvear T & T Great Northern 7e | Gulf 0il Corn Pa. 3 Fumble Oil M.oSt P& e LS 3 Eigsss: & F &P Wash Loan & Trust.. onmerce & Faet " Waghingto avitgs “nited States Washington Mechanics' American Lorcoran iremen's . National Umon TITLE | Columbra Title Estate Titie Rt I Q0Vor aat o, Title o4 88 810} ! ¥ Elec. pf o34 | Fah ™ty & Blec 5 ‘ i ! . | Bread making in the home consumes ‘| ORDERS MORE LOCOMOTIVES. | . I NEW YORK. August 26 (Special).- THE EVENING STAR, WASHINGTON, D. NEW YORK CURB MARKET' COTTON DEGLINES AND RALLES AGAN Better Weather in Southwest and Tropical Storm Are “ Conflicting Factors. Direct to The Star Office The sent buying appears to be wnouy?':nnd on expected large earn- ings to accrue to Warner Brothers through its -holdings of Vitaphone Corporation stock, which give it a controlling interest. i Little happened in the market for ofl shares, which continued to fluctu- ate without definite tendency. Strength of Reiter Foster, accompanied reports thet three of the six weils being drill ed in Woodson, Tex., are scheduled to be completed within the next few days. It was also learned that the company’s acreage has been further enhanced by a large gas producer from a depth of 2.7565 feet in Texas County, OKla. ! 3 3len Alden Coal, reflecting excellent earnings. went into new high ground around 177, and Dupont new an General Motors new moved upward in sympathy with higher prices for the old shares on the stock exchange. i YORK, August 26.—Cotton | futures opened steady—October, 17.93 | mber, 17.92; January, 17.97: March, 18.14: May tion of the cotton trade appeared to be | divided between the fear of possible | storm damage to the Eastern belt crop | and prospects of clearing and more Celotez preterred came in for more | favorable weather in the Southwest Sttention on what appeared to be in ‘g:'.';‘l"‘gl K:’;’ s carly trading in the vestment buying. | The opening was steady at a de- = | cline of 4 to 7 points under realizing, | Southern and local selling, promoted | by relatively easy early cables from | Liverpool and the forecast for fai weather in Texas and Oklahoma. Oc | tober contracts sold off to 17.88 ‘and January to 17.92, net declines of about 6 to 10 points, but the tropical storm threat along the Louisiana coast brought in some buying, and the mar- ket soon rallled. By the end of the | first hour October was selling at 1% | cents, with the market about 3 to 6 points net higher. Selling developed on the prospect for clearing weather in the South- west, but the weather map showed | unfavorable low temperatures in that | section, and there was covering or rebuying on the forenoon advance, which extended to 18.18 for October and 18.11 for January, or 11 to 24 | points net higher. Near months were ¢ firm, as if traders appre- hended that the continuance of wet weather ‘would delay the early new- crop movement. Prices at midday were 6 or 8 points off from the best : under realizing. New Orleans Quotations NEW ORLEANS. August Cotton futures opened steady. Janu- | ary, 17.75 bid: March, 17.93 bid; May, lg,gg bid: October, 17.80; December. 17.80. Saleain MINING ST hundreds. B 30°Am Tin Tung 40 Ariz Globe C 1 Calaveras Cop 10 Calumet & Jero 8 Cons (‘nY Mines 50 Cortes Slicer i 20 Hawthorne % R ecl.CNln ont 1 ¥ r Cor. 780 National Tin . 3 7' New Cornelia .. 23 Newmont Mining % 1 N7 Fine . 19 17 Nipissing . 9% 8 | @ Noranda ...... Sales in hundreds. The market here had a disappoint. ing opening, although Liverpool cables were favorable. First trades showed losses of 1 point to gains of 1 point, and_later prices eased off to levels 4 to 5 points under yesterdya's close. Toward the end of the first hour the market rallied on_reports of consider- able rain in the Eastern beit and on the belief that the hurricane now moving through Louisiana may cause heavy rains in this State and in Miss- isslppi. October traded up to 18.03, and December to 18.00. or 24 to 26 points up from the early’ lows. INDUSTRY IS AbTIVE. | { Fast Summer Schedule. Special Dispatch to The Star. i BALTIMORE, August Indus- trial activity In the Baltimore dis- trict has been maintained at better than the average Summer rate, and it is expected that a n larger percentage of plant ,capacity will be employed during the Fall and Winter. Output and distribution have about balanced, and it is the pollcy of in- dustrial leaders to continue this plan. Inventories are comparatively small, thus fnsuring the mpread of buying over a longer period than would be the case if merchants supplied their I needs fur in advance. Osazn 0 XV e Water Oi1 . 'ide Wat 0il ntd enezuelan Per. . er Quinlan in ynits. 0 Anglo-Am_ Oft. . . AngAm O npvic Ruckeye. P L. Continent Of1 " Cumberland PREPARE FOR WINTER. NEW YORK. August 26 (®). | Youngstown dispatches to Wall street say pig iron producers in northern Ohio, anticlpating increased raw ma- terial requirements, are preparing for a protracted run through the Winter months. Ore piles are being built up and coal supplies protected. An active Winter also is said to be anticipated by steel makers who produce their own iron. falesn ORI Gan & F1 Gn1 w & L G5 read © 0 1 v W 05 A INCOME DECLINES. EW YORK, August 26 (#).——Net income of the Lrie Rail- 1 39 cit Serv 12 Cona Pub 088" W declined to §1 3 J Cus Moeh ( Contulner € A deficit half of the surplus of 4 the fly contrasted with i 3 LS A year 2 40 A year ago. Il'}l P&L %: . | , | POTATO MARKET STEADY. CHICAGO, August 26 (#).—Po- tatoes—Trading fair; market- steady on all stock except Minnesota, which is dull; receipts, 65 cars; on track, 121: total United States shipments, 659 | cars; Kansas and Missouri. cobblers, 2.75a2.90: heated, Colorado, sacked round whites, 2.90: a.os;nr\émmsom. sacked early Ohios, 2.55a2.65. WESTINGHOUSE SALES. NEW YORK. August 26 (#).—sales | billed by Westinghouse Electric and Manufacturing Co. in the four months ended July 31 totaled $561,- 186,127, an increase of $10,136,114 the corresponding period of SooSeroo: BT EEEERES 32 2% P SRR =550onz o0 223 20! NEL FEIITELE | BANK CLEARINGS. NEW YORK, August 26 (Specfal). | —New York bank clearings, $784,- 1000,000: New York bank balances, $92,000.000; New York Federal Re- | serve bank credits, $75,000,000. . 3 IS mc0os050! SSEIZSESRESSE L Bond Salesman One of the world's largest public utility organizations, doing a nation-wide busi- ness, requires the service of an _experienced salesman, preferably in this line, with clientele. However, if you are successful in another line and have qualifications above the average, and de- sire a genuine opportunity, our application will be con- Replies must give your qualifications, will be confidential. dress Box 190-5, 8 8228223 ST | Sales in FOREIGN BONDS. thousande. P Antioqua 7s B. . 3 Baden Ts w0 SREEELT EE @ o3ro@ooss0Ces FEFRNEEE R =3 FECTEE PEREST T REITISBEEIBIE 13 oo i-azed St Pro Lo Aus 714 Ruse Gov 5148 Ru Go.cf 8134 1 Ruse Gov 08 S0 fise N ot x Pu Wie 048 & 'Hap Ta 13 emizis 23EC5REE2SREN PCFEESIE F £ S2SEEERNES: PR S O e S 229255533 muroZoxseozo0rnDoD “Ex dvidend. Famas BREAD MAKING AT HOME. | ! BUY NEW YORK, August 26 #)— Real Estate Gold Cou Bonds Secured by First Mortgages GUAR%NTEED v The United States Fidelity Guaranty Company Resources, $16.000,000 O YIELD 6% Plus tax refund up to 4% mills twice as much flour every year as do the 19,000 bakeries in the United | States, which have an output of about | 120,000.000,000 loaves a vear, says the | {New York Trust Co. | R e, i Descriptive circular upon request CHAS. D. SAGER ““Since 1906." 924 14th Street N.W. Main 36 Twenty-five more locomotives have' been ordered by the New York Cen-| tral from the American locomotive | works, bringing the number ordered within the past 10 days to 85, ali of which are 150 tons Pacifia, | | Baltimore District Is Maintaining |’} | | Georgia's | $7.314.749, C., Indiana Is Champ In Onion Growing, U. S. Report Shows By the Associated Press. CHICAGO, August 26.—New York State has been deprived of its three-eyed peacock feather as the champlon onion producer of the country. A report today from the Govern- ment Bureau of Agricultural Eco- nomics says: “The East seems to be losing prestige as a chief source of Fall and Winter onions, and this honor is shifting to the Mid- western and far Western States. Indiana has apparently gained first place among the main-crop State: Indications are that the total onion crop of the country this sea- son will exceed 16,000,000 bushels, an increase of nearly 10 per cent over last year. The officlul fore- cast is 3,190,000 bushels for Indi- ana, 2 ,000 for New York. MONEY RATE BLAMED. iB.ecem Reaction in Market Partly Laid to Firmer Cash. NEW YORK., August 26 (P.— While the recent, stiffening of money rates is considered a seasonal develop- ment resulting from the heavy de- mand for funds to finance crop move- ments and expanding commercial needs in preparation for Fall business, it has been widely regarded in Wall Street as one of the primary causes for the recent reaction In stock prices on the theory that higher money rates invariably have a tendency to restrict bullish operations in securities. Short-term time loans were quoted at 5 per cent yesterday for the first time this- yea Incidentally, it is the first time since 1928 that such a high rate has heen reached in August, comparing with a rate of 4% per cent at this time last y and 3 per cent in 1924, just prior to the big “Bull” movement now familiarly known as the “Coolidge market. . ‘WOOL DEMAND —GOOD. BOSTON, August 26 (Specfal).— Foreign wools shared fairly well with domestic sorts the demand in the wool market today. The business in for- eign, however, included a renewal of sales of South American wool for ex- port. This movement has affected both demand and price. The higher level of prices abroad has created a demand for these wools here, which has strengthened Boston values. Prices of South American wools are up over 10 per cent in some cases. The market for standard now is quoted at *6a27 for Buenos Aires and 28a29 for Montevideo. GEORGIA EXPORTS GAIN. ATLANTA, August 26 (Special). — exports for June totaled according to figures just pubilc by customs authoritie: was an increase of $4,82 the corresponding month last dmports for June gained ver June, 1925. We Buy &-Sell Unlisted Stocks &Bonds Mehiman 1&' 0. 11 }‘ ¢-NW- nade his over vear, 0.040 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 vour protection. Percy H. Russell Co. 926 15th St. N.W. FIRST MORTGAGES FOR SALE THE TYPE OF SECURITY CONSERVATIVE INVESTORS BUY In denominations of $250, $500, $750, $1,000 and upwards, se- cured on improved estate situated in the District of Columbia. JAMES F. SHEA 643 Louisiana Ave. N.W. We have on hand a fund of $200,000.00 for first trust loans on improved D. C. proper- ties. Prevailing rates of interest and commis- sion. Loan Department GARDINER & DENT, Inc. Main 4884 1409 L Street N.W. EDWARD B.SMITH & CO. Members N. Y. Stock Exchange NewYork Philadeiphia Beston Investment Securities Corporation Financing Commission Orders 1508 M St., N.W. WASHINGTON James Donald Cassels Manager 1 | { [ THURSDA.Y, AUGUST 26. 1926. tion of Any Financial Paper in the World. Its Paid Circulation is Growing Faster. Expert to its finger tips onmattersaffecting Stocks, Stock Markets, the inner workings of Exchanges and of Stock Brokerage, ‘the kosockw is always .nearer right, and has been more often entirely righg, than any other financial publication. Its Analyses of the Val- ues behind stocks and its Market Alliances have en- ableditsgrateful readersto realizesubstantialspecula- tiveandinvestment profits. Its Probes into Invest- ment Values have pre- vented great losses for its loyal, enthusiastic and appreciative following. No newspaper in this wide world cherighes the good will of its readers in greater degree than does the Aonockast. Wise counsel in this time of market turmoil and opportunity will beof value to you. A sample copy will con- vince you. Write for one. W& fireet keonoclast 28-30 West 57th Street New York City 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 l'ml un(fi;'e Sts. Suites arranged to suit any business, _at exceptionally @moderute rentals. Rooms. $50 each. foot rate us low as oer_foot. One ground available. $200 Square $1.56 floor stol month. D T it At S8 N2 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 loss to | any investor in 53years. These eguards protect every investor in our First Mortgage Bonds. Current offerings pay 6X4%, 63:% and 7%, in $1,000, $500 and $100 denominations, and in | maturities from 2 to 10 years. THE F H. SMITH Co | . Pounded 1873 SMITH BUILDING, Washington, D.C.-—-Main 6464 New York Philadelphia Pittsburgh Boston Buffalo Albany Minneapolis | FINANCIAL. ol a1 ! Real Estate Loans Maryland—Virginia District of Columbia The Capital Realty Co., Inc. Insurance ll“ lbgh Rnl Bre N.W. REAL ESTATE — ‘ ANY AMOUNT ki 510% RESIDENCE LOANS AT LOW RATES FRED T. NESBIT 1010 Vermont Avenue N.W. Main 0302 || A Third of a_Century’s Experience Specialists We Manage Apartments —with the methods our third of a century’s expe- rience has proved success- ful. Every detail—leas- ing, rent collecting, jani- tor provision, mainte- nance —is attended to. Costs are decreased: your profits increased. B. F. SAUL CO. Main 2100 925 15618 St N Performing A Service Every day men and women, inexperienced in Financial Matters come to us for guidance. Never in the twenty vears of our career have we ill-advised them. First Mortgage Investments Secured by Improved Real Estate in the Nation’s Capital Annual Return 6'5%: Morigage Invesiment Department T13 and TIT 1ith St The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Eatate in the Dis- trict ot Columbia and Nearby Suburbs m Montgomery County, Maryland FOR 3, 5 OR 10 YEAR PERIQDS V2% ON APPROVED SECURITY Apply RANDALL H. HAGNER & GCOMPANY MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Apartments Office Buildings Houses Business Properties JLDEST NATIONAL BANK IN DISTRICT OF COLUMBIA Standing at This Bank —reflects to the credit of a business or pro- fessional man—is a distinct asset to any individual. | We will be glad to handle your Personal, busi- ness and savings accounts. 3% Interest Paid on Savings | National Metropolitan Bank Opposite U. S. Treasury e gy % 1 mm 12 Years O1d : I 15th St., LN 15 Gauging Safety HE safety of a security of the nonfluctuating type can well be gauged by the integrity of the house that offers it. A record of over fifty-seven years without loss to. an investor attests the integrity of Swartzell, Rheem & Hensey Company. Our First Mortgages are secured by improved Washington properties. Coupled with such a noteworthy record of safety, they bear the lib- eral interest return of 614 %, pay- able semi-annually always on the day due. Swartzell. Rheem & Hensey Co., Mortgage Bankers 57 Years Without Loss to An Investor