Evening Star Newspaper, August 27, 1926, Page 15

FINANCIA NEW YORK CURB MARKET Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, August 27.—Stocks which attracted most attentign in_to- day's proceedings on the Curb Ex- change were those in which specula tion has been active recently. There was no definite tendency to the gen eral body of stocks and it was note- worthy that sentiment was divided as to the immediate future price tend- ency. The market for the most part was a professional affalr, with public participation limited. Coal shares stood out strongly, both Glen Alden and Lehigh Valley, coal shares rising sharply to the best price for the year. In the case of these issues, earnings have shown steady improvement since the culmination of the coal strike and operations con- tinue at a favorable rate. In view of the ‘comparatively small floating supply it was not surprising that prices should have rallied 2 ard 3 points once the demand made itself felt. Mauy were of the opinion that the jmprovement of the past eight months or more has not been duly re- A YORK. August “ollowing 1s an official list of bonds and stocks traded in on the New York Curb Mar- ket today: ales in INDUSTRIALS, undreds High. L 1Alb Pick Bar vte 13 14 BAm G g Am Gas & E 1% Am I & Trac mmon mmonw Pt onsol Irairy neol @ Balt n nsol Raund ntl Fon pe P_A w R C v Din CC Mot . pont Denn wi 1 Bond & Sh pf 1 B&Sn ehlor ) Pow Cor new tey Welte € A ageol Mot Co SR n Alden Conl Tire & R 1, Kans G&C 20 Keysto Solther. 1 Kelmer Wms St 0815 Lib Lon & 1Mare Wira Lon 34734 Corp ' n 408 Box a8 Iro Chal 5&B0: Ttil Northe Pow n . Ovington_Bros Pac S11 Boiler Penn Ohio Sec Penn G & E A Pitts & L. E Pro & Purity A Purity Bak B . Rand_Kar Bu n Washington Stock Exchange SALES D C Paper As—%2000 at 86 Capital Traction Co.—10 at 10415, 10 at Wash Ruy & Elec. pfd.—b at 80. 5 at PO, 10 at 90 1 at 60 AFTER CAl Washington Gas 58— #2000 at 101 €. & P. Tl 4000 at ]\N\'-‘ Gaorgetown Gas Da—$800 at 9% Money—Call loane. 5 and 6 per cent Bid and Asked Prices. BONDS. PUBLIC UTILITY A n Tel & Amer, Tel & T¢ Am. Tel & Tel Anacostia & 3 000 at 101 16 Washington Gas Washington Gas Wash. Rwy. & Flec. 43 Rwy & Ll gon < M Chestnut Farn Y ¢ Paner (. i04 fl’l" Wash 104td ot J outhern Bld ash. Mk Mic Wardman Par 1004 PUBLIC UTILITY Tel. & Telea Ganital Traction ashington ¢ Norfolk & W, {oiamag i vash. Rwy Wash. Rwy. & F NATIONAL BANK atfonal Capital olum? & Mechanics fcan ... Tty coln fonal Metropolitan exs cond Vi Rank of Washington TRUST COMPANY ertean Security & Trust ontnental Trus t ash. Loan & Trust Gommerre & ast Washing Security Savings & Com Seventh Street Tnited States Washington Mechanics FIRE INSURANC] 4 e National Union.. .. TITLE INSURANCE Cotlumbia_Title. i "Ectate Titie Refd B Col'er Ma. eom MISCELLANEOUS. D. €. Paper pfd.. Federal Storaze pid Metehants Trans & Storage Merchants’ Tran. & Stor. pfd yergenthader, Tinotype at & In 1 aebinggor, Uy Unlisted Department. BONDS. rmy & Navy Club B Club 48 jub Te Sropolitan Club 4% B TOCKS. Lagt Asked Chapt “hapin Chapin Compecticut_ Pl 1 Chrlsctian 1 | Departmental Bunk District Title Ins Co kiin National Bank ¢ Tram Control W“u;fi"‘r’; o ¢ e | ehingion Title TR L Woodndze's Direct to The Star Office flected in the market for these stock Warner Brothers class “B,” whic held the center of the stage yesterday, continued to fluctuate spectacularly. The sharp price variations disclosed a highly professional character of the trading in this issue. After opening off 7 points from yesterday’s final at {43 it was run up quickly across the final level, only to drop back substan- | tially later. There was nothing that {8 not alveady known to account for the active speculation which kept on Iin this issue. There was no doubt that alarge short interest has been built up on the recent ris and this appeared to be the sustaining factor around the high price: The new General Motors stock was helped by higher prices for the old shares on the Stock Exchange. New Jersey Zinc, up 3 points, was reflect- ing the higher prices being obtained by the company for its products. Elec- tric Bond and Share at 69% lost more than a point and was about the only public utility issue to do anything noteworthy. 2 Sierra Pac E M 1 Timken A: § Tob Prod Export Tran Lux Crumbil St Un A iUn Bisenit Un G imp L& P onw A Shoptl way ypaum *S L & H n e, Bros P os® Pow_ ! Wil Oil-o-Mat_Ht 1K Yel Tau C N ¥ 14 10 Cortez_Silver Eng Gld M Lt fupeka Croeeu Kirat % Y GmCiocee . > ey 10 West T Sales INDEPENDENT in hundreds. 4'Am Con Oilfids. . 7 Am Maracaibo C § Ark Nat Gas. : Beacon Oil . S PR et TINTTEEEE 12'1"»'{ TE S e i” 3 Crecle Bynd .. 1 Darby O & Ref." 2 Euclid 0il Co. .. 18 Gibson Oil Coil. wx Mount Prod ew Bradiord 0. ox L 20 North & Ohio [ Pandem Oil .. Corp k01l Susestn w2 L PR et R ] Frd Foeod a0 13 FEd FEed iz » nite )0 Anglo Am Oil. . . Am U non vie ckeve P L. 800 Imp_ O C 1300 Inter Pet 50N 'Y Tran 100 Ohip O11 800 Prairie O&G ‘new 300 Prairie P L.... | 70 Solar Refin { #00 South Penn Oil.. i 100 South'n P L new '.I;UIJ§ O Ind ... 4008 O Kansas. . 3000S O N Y. Ltd.. nsit . Sales in thousanda. . 1 Alli 3 70 14 Am gas & U e 1000 30 Am Pow & Lt 63 9908 6 Am Seating 05 .. 901 24 Am W W Us AL DB, 57 Am W P 68 0 wi KO'y 10 Anaconda s.... 1038 = Appal EL Pow B3, 95%% i & E 5. . 1 02 V7% o =G5S, e 5 gy mes B A I rei e 2 1024 Pub S N J - » 31 S%hhe Tn 6158 100% chulte R E 6s :lli‘ SONY 6i3s. . 5 Stz Mot 738 1058 11 Swift & Co b Sales in FOREIGN BONDS. thousands. 17 An Nat € 6s ww 100 ua 78 A... 92 FEESEET o uni’ Medel Prov Santa Fe Peru 7iys wi C C Ea SobeserooonoeDo0s D @A IEE0 SRR IE S BAZ—BOAT Fd i o 22DOS See—. erod e PULLMAN GETS ORDER. NEW YORK, August 27 (®).—Pull- man Car & Manufacturing Co. has an order fram the Southern Pacific for 11 new dining cars costing $§350,000. for delivery in December. CALL MONEY STRONG. NEW YORK. August. 27 (P).—Call | money. strong: all loans 5. closing | ‘| supplies for the day’s trade. 4 | moderate, market NEATS 0 HEAER N CENTER MARKET i |Fish Also Dearer = Today. i Fruit and Vegetable Prices | ‘Are Unchanged. A new top was registered in the Chicago meat market yesterday on /yearlings, the young cattle bringing 18 cents, explaining the higher price | in theylocal market for choice beef. | The lpcal market was particularly ac- | tive on light beef today, while it was draggy on the heavier beef at 16 cents, | The market was firm this morning on both lamb and veal. Lamb was quoted at 30 and 32 cen while 25 | cents was the price of veal.' Dealers believe changed weather conditions have had a good effect upon trade. Price of pork loins also increased to- day. Earlier in the week they were quoted at 33 and 34 cents. Today” price went to 35 cents and the market vere on hand at Munieipal Fish Market early this morning for Trout and croakers were not so plentiful and higher, due to the continued nor'easter, bt retailers were able to obtain supplies of other fish at prices | that were regarddd reasonable. Practically no changes in fruit and vegetable prices were reported. Today's Wholesale Price. Butter- 48; tub, 45; store packed, 30. lggs—Fresh selected, 33: 35; current, 30. Poultry, alive—Turkeys, 35; | brolers,” 30a33; White Leghorn: 26; fowls, 26a37; roosters, 22; ducks, voung, 20: gld, 15; keats, young, 708 | 80; old, 85240. " Dressed—Turkeys, 40; broilers, 35a40; keats, young, 9 old, 40a50. Live stock—Calves, cholce, 13;: me- | dium, 11a12; thin, 7a8; lambs, 14. Meats—Fresh hams, 30a82; shoul- d;rs, 24a26; loins, 35; beef, 16a18; veal, hennery, [E | Fruit and Vegetable Review. vegetables, compiled by the’ Market News Service, Bureau of Agricultural | Economics, says: 3 Apples—Supplies liberal; demand moderate, market fairly steady; bushel baskets; Maryland and Virginia, vari- | ous varietles, medium to large size, 75a1.00; some ripe, 50; small size, 40a 60; boxes, no sales reported. " Cantaloupes—8upplies moderate: de- mand moderate, market steady: Mary- land, Eastern Shore and Delaware, pink meats, jumbos, 36s, 1.50a2.00. » ' flats, all sizes, 60a75; few low as 50; Colorado, pink meats, standard flats, | 8s and 9s, 1.00a1.10. Grapes — Supplies light; | light; no early sales reported. Lettuce—Supplies moderate; demand moderate, market steady; New York, 2-dozen crates, Big Boston type, best, mostly 2.00; fair condition, low as 1. | Colorado. crates, Iceberg type, fair | quality and condition, 4.50. |~ Onions—Supplies moderate: demand | moderate, market steady; Massachu- | sctts, 100-pound sacks, yellows, U. S. No. 1, mostly 2.25. Peaches—Supplies liberal; demand { moderate, market slightly weaker: Virginia and Maryland, bushel baskets Elbertas, medlum to large size, 2.00a 2.25; few very large size, 2.60; Mary- land, Virginia and Delaware, bushel baskets, Belles and sixes Relles, me- dium size, 1.00a1.25; few large size, 1.50; fair quality ripe, some small size, 50a7 Virginlafi sixes Champion, large size, ripe, 50a75. Potatoes—Supplies moderate; de- { mand light, market steady: New Jer | sey, 150-pound sacks, cobblers, U. S. | No. 1, 4.75a4.85. Sweet potatoes—Supplies moderate; demand light. market fairly North Carolina, cloth-top | vellows, No. 1, 7.00a7.50: | Halls, 6.50. 3 | Watermelons—Supplies liberal; mand moderate, market stea ! ginta, bulk per 100 melons, varieties Selects, 25.00a30.0 20.00; Primes, 10.00a15. demand de- Vir- various few low few low Corn—Supplies light: demand mpd- | erate, market slightly stronger; horhe- | grown, sacked, per dozen, sugar corn, | 20a30. Peas—Supplies moderate; demand steady; Colorado, ‘Efl-Pouud crates Telephones, 7.50a8.00. | Cucumbers—Supplies light; demand moderate, market steady; North Caro- lina, bushel baskets, 2.50. Your Banker Knows. When in doubt about a security consult your banker. It is equally as much his interest as yours to protect your savings. You trust him with your deposits—why not trust him JOHN JOY EDSON, President Organized 1879 Asset .$5,136,317.22 Fancy, 1-pound prints, 46a | Today's market reporton fruits and | WALTER 46th Surplus. _EARNINGS ARE LARGER. Big Gain Shown in Report of Ca- nadian National Railways. MONTREAL, August 27 (#).—An increase of $11,869,711.25, or 209.44 per cent, in net earnings for the first seven months of 1926, as compared with the same period last year, is shown in the financial statement of the Canadian National Railways for the period January 1 to July 31, 1926, issued today. This statement also shows the high- est gross earnings for any seven- month period since consolidated sys- tem flgures were set up in June, 1922, and the highest gross and net for any July during the five years. PRICE OF SILVER EW YORK, August 27 (#).—Bar silver, 83; Mexican dollars, 4815 We Will Loan at 5} % Economic Tonditions Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. M. 475 Real Estate Gold Coupon Bonds Secured by First 'Mortgages ‘GUARANTEED - Bu ted States Fidelity TO YIELD 6% Plus tax refund up to -~ 4 mills CHAS. D. SAGER ““Since 1906." 921 14th Street N.W Main 36 Total Resources Over Five Convenient Banking Offices 15th & Penna. Ave. 6% LOANS D. C. and Montgomery Co. FRED T. NESBIT 1010 Vermont Ave. M. 9392 RENTS REDUCED DOWNTOWN OFFICES 1313 HST. N.W. Adjoining Times Office ROOMS $15 to $60 Fireproof Choice Locations Available Oven for Inspection H. R. HOWENSTEIN CO. 1311 H STREET NORTHWEST Equitable Co-Operative Building Ass'n T, Jr., Secretary PLETED . .$1,406,495.76 Subscriptions for the 91st Issue of Stock Being Received Rl L L e LS men and now, and bid, 5: time loans firm. Mixed col lateral, 60-90 days, 4% 4.6 months, §; prime mercantile paper, ¢i{adl. r So many otherwise, tematic Saving Plan. the throng of happy, -carefree savers— SAVE SYSTEMATICALLY AND BE INDEPENDENT folks, who would not save are enthusiastic about our sys- You, too, can join women who are enjoying life at the same time, laying aside something for tomorrow. 915 F Street W hether seldom or Jrequently, each ocea- sion is of sufficient importance to merit your investigation of our doubly secured 6Y:% st Mortgage Notes. venient amownts of $100 and wp. OSSEEPHEPS Available in con- FOUNDED 1907 1j17 K Street—Main 9300 Money to Loan 803 Wilkins Bldg. - Main 6189 Stocks Bonds 0dd Lots Carried on Margin Buck & Company —BROKERS— Established 1916 312 Evans Building . 1420 N. Y. Ave. N.W. Tel. Franklin 7300 Direct Private Wires to New York The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the Dis- trict of Columbia and Nearby Suburbs ’ in Montgomery County, FOR 3, 5 OR 10 YEAR PERIODS Maryland e Vo e ON APPROVED SECURITY Apply RANDALL H. HAGNER & GCOMPANY Incorparated. MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue We Telephone Main 9700 take pleasure in announcing that MR. ROBERT CRAIN, JR. has become our investment correspondent in Washington The Century Trust Company of Baltimore Office: 700-702 Otis Bldg.—810 18th St. N.W. Telephones: Main 3267-3291 WE FINANCE —all classes of Income-producing property| Large Loans a Specialty Current int. rate and commission bie & Richardson, Inc. 816 15th St. N.W. We BuZ&Sell- Unlisted Stocks &Bonds The quality of an Investment is determined by its proven safety, absolute dependability end assured annual return. First Mortgage Notes Annual Return \ 6Y2% SHANNON & LUCHY - — Mortgage Investment Dept 718 715 and T17 1ith St. WITHOUT A LOSS TO ANY INVESTOR For a third of a century we have protected the funds of in vestors, and unfailingly paid them™ full interest yield, through our SAFE FIRST MORTGAGES A Third | - of a This record has been accom- plished with never a loss o one of our investors. It is not a record to be “broken™: it will be kept. The Safe 615 % First Mortgages we offer yvou today are backed by a third of a cen- tury's safety. Century Without a Loss In amounts of $250 and up. B. F. SAUL CO. . Main 2100 925 15th St. N.W. CONFIDENCE ASTING and abiding confidence, enduring over a long period of years, must rest upon a solid foundation of fact and a proven record ‘Without such a proven récord, even the most modest house becomes only empty promise. One Business—One Purpose: For 44 years this old-line institution has confined itself exclusively to the underwriting and selling of high class real estate mortgage investments. The business was founded for this one purpose and has sever deviated from i Three Wars—Four Panics: In 44 years, during which time this country bas been tried by three wars, four financial panics and numerous agricultural and industrial depressions, Straus Investors and Borrowers alike have received cash for every dollar due them. The Straus Plan: Such a record has not been built by chance; rather, it is thelogical and orderly result of a definite system of safeguards, worked outbylong n sound of achievement. claim of an investment principles to the protection of invested experience in applying benking funds. The Straus Plan is not fool-proof; its form has been widely imitated, but the substance can be successfully applied only by bankers of unquestioned in» tegrity and mature judgment gained by long experience. ¢ Slow, Natural Growth: S. W. STRAUS & CO. has attained its present position in the real estate bond business by a slow, natural growth over a period of 44 years. It today uniderwrites more tian four times the amount of real estate boads of any other house. . No Compromise with Safety:” Such volume of business has not been ereated at the expense of safety. It la generally recognized that the larger and responsible realty borrowers come first to this House, and that naturally more Soraus that for every Technical Experts: represent the pick of the field. It is a statement of fact underwriting accepted by this House, acores are rejected. The Seraus Record has been made possible, and is main. tained by the largest technical staff known in the real estate mortgage field in- cluding, among others, Loan, Legal, Architectural, Engineering, and Economics Departments. Each has its specialized task in connection any underwriting. Pinancial Resources: This House has consolidated assets, East and West, ' in excess of $96,000,000. Its capital, sutplus and reserves, for the operation Survey, Credit dthlehdnmundmmuhhbmfl-. are more than $21,000,000. Owur Customers: The tangible evidence of the confidence which investors have reposed in this House is found in the tens of thousands of customers upon our books. Included are hundreds of trustees, banks, insurance companies, schools, colleges and other institutions. Such is the foundation of fact upon which public confidence in S.W.STRAUS&CO. is based. It is a real, a genuine confidence; a confidence measured by the hundreds of millions in first mortgage bonds this House has underwritten; a confidence tested by wars, panics and depressions, and a confidence proven by the Straus Record of Forty-four Years Without Loss to Any Investor. S.W.S wrABLISHSD 1882 TRAUS & €O 929 FIFTEENTH STREET Telephone Main 5847 "WASHINGTON 44 YEARS'WITHOUT LOSS TO ANY INVESTOR