Evening Star Newspaper, September 1, 1926, Page 31

FINANCIAL. — FURTHER ADVANCE | IN EGGS REPORTED Local Butter Prices Are Un-| changed—Spring Broilers Go Lower Today. Further advances in egs prices were veported by local dealers today, and it is certain that additional increases | will follow, according to reports. Deal- | ors have experienced unusual losses in candling this Summer, it is stated, and carcity of the product of the hennery at this time is said to be responsible for recent advances in prices. Price of hennery stock has advanced to 38 and 40 cents, while fresh selected stock this morning brought 37 to 38 cents. Current receipts were quoted at 33 and 34 cents. Local butter prices have not ad- vanced, according to statements of a dealer this morning. _Prices else- where have advanced, however, and it was predicted this morning that the local market will feel the effects of the change before the close of the week. A decrease of 1 cent in the price of Spring broilers was reported this morning. Dealers stated, however. that there is little likelihood of a fur- ther decrease this season. There is no scarcity of poultry in the local market. and dealers are continuing to receive a few turkeys. Today's Wholesale Prices. ney, 1-pound prints, 46a ‘store packed, 30 Poultry, alive—Turkes broflers, 30a32; White Leghorn 26; fowls, 7. roosters, 22; young. 20 . 15: keats, yvoung, 50. old, 40: dressed turkeys. broilers, 3 Live stock dium. 11a12 s, choice, 14; thin, Tas; lambs, 14. resh ha 304 shoul- : loins, 33: beef, 16a18; veal, me- and Vegetable Review. Today's market report on fruits and vegetables complled by the Market ce Bureau of Agri cultural F 3 Apples—Supplies moderate; demand market dull; bushel baskets, a, various varieties, medium to 75a1.00, few 1.25; small hoxes, Washington, extra Winter bananas, large size, combination extra fancy and arge size, 2.50. Supplies fancy 2.60 faney, Cantaloupes pand moderate, market slightly weaker: Maryland, Bast Shore and ware, pink meats, jumbo: a2.00; standards, 36s and 458, 2.00: flats, all sizes, 50a . Colorado. salmon tints, 36s and 4bs, 3.50: jumbo 1.50: pink meats, liberal: de- W andards, flats, 9s and 128, flats, 125 and 158, mostly 1.25; jumbos all sizes, 1.25. Honeydews, Califor- nfa, standard crates, Honeydew: 2.00a2.25, few 2.50. New . standard crates, Honevdew 2.25. Colorado, 1.75a2.00, few Honey balls, New Mexico flats, as, Callfornia jumbo, 22.50. Homegrowns supplying the market for Eastern stock; home- growns, six-basket crates, Delawares and Concords, 1.76; Niagaras, 1.50. Lettuce—Supplies practically hausted: no sales repdrted. Onions —Supplies light; demand light, market dull; Massachusetts nd Indiana, 100-pound sacks, ¥ 2 S. No. 1, 2.00a2.25; few 2.50; Spain, crates, Valencias, 1 Peach Market Dull. Peaches—Supplies heav: slow, market dull and weak ginia, bushel baskets, Elbertas, size, 1.85a2.00; few 2.50: ripe. 1 medium to large size ripe, 1.00a1.50; wasty, 1.00; bushel baskets, Belles, medium nize, 1.50a1.75; large size, 2.00; small sive, 90a1.00; sixes. Elbertas, medium 1.75: West Virginia, bushel bas. Champlons, small size, poor col shel baskets Hale: 25; hold-overs, show- ex ke or, T5; Delaware, t large size, 2.00 ing effects of decay. 1.25. Potatoes—Supplies moderate; d ynand slow, market dull and weake New J 50-pound sacks Cobyler: 4.1504.25; few 4.50. Supplies Mght: de- . market dull; North Caro Virginia, cloth-top slat bar 1. 600 b, few and Yellows . aT.00 Watermelons Supplies liberal; de- nand slow, market dull; South Caro iina. bulk per 100 Thurmond Grays, 28-30-pound aver 00; 20-25 pound average. 15.00: pound averag »50; Virginia. market unreported. rn—Supplies very light; demand Light, market dull; home-grown, sacked, per duzen, few sales 30 per dozen. Caulifiow Colorado, crates, Pears Californta and Oregon, boxes | Mountain Bartletts, 2.50a3.00 Cucumbers -Supplies light: de- niand moderate; New York, bushel Laskets fancy, 2.00: chofce, 1.50 Carrots < light: d Lushel luskets ina rels moderats nand cut i York demand slow, crates. 2.00a upplies dull: New 250 ket few GERMAN BONDS ANDVSTOCKS.‘ million marks ) Bid Asked 1014-18 110000 1150 00 90.00 10000 t marks | 00 24.00 o0 3 (Quoted in dollars per Ger Gt ow lni Bs Hamburs 43,0 1018 Quoted in dollars per th Ger Gen Elec 4128 preowar r Gen Eleo 3300 1450 “o 100 5.00 #ou 00 50 ooy 180 | K00 8.00 Anilin Gen Elec Prvat Bank eadner B taohe Bank nstaedter B Hayden Chemical Alstnan A E G (Gen Elect Berlner Handels FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks gold value. _ todas London. pound S4R805 $4.8500 Montreal.” dollar 00~ s Paris. frane Brussels. franc ‘mark lira. fran: drachma Madnid. peseta Vienna. crown. Budapsst. crown . crown 2loty erown Berlin, R 528 000014 1% 00014 ' 029683 1150 55 Stockholm, crown 674 W YORK, September 1 (#).— Foreign exchanges firm. Quotations in cents: Great Britain—Demand. 4.8. 4.851%: 60-day bills on bank: France—Demand, ; cable: Demand. cables, Belgium, 2.80; German nd, 40.03: Norwa: Denmark 19.30; Sps Poland. 11 Jugoslavia 18tria, Rumania gentina, 5.18 48123 . Demand 23.8013: Hol Sweden Deaths fn the Punjab during the plague between March 1 and May 15 | numbered 54,000, ] THE EVENING STAR, WASHINGTON, NEW YORK CURB MARKET Received by Private Wire Direct te The Star Office BY WILLIAM F. HEFFERNAN. NEW YORK, September 1.—The curb market gave another good ac- count of itself today, operations for the _rlsP resulting in further sub- stantial gains in many directions. A good deal was made of the actions of the oil shares, although the price improvements in this quarter were { not pronounced. What was of more significance, however, .was the manner in which large blocks of prominent oil shares were taken. In many quarters opin- ion was that this class of stocks was far behind the general market and that in any sustained improvement in the market generally shey would bear | their full share. Prairie Ofl & Gas was brought at better prices, but because of so many previous false moves in the oil shhres traders were reluctant to bid the price up. According to current gossip, the NEW YORK, September 1, 192 Following is a list of bonds and stocks traded in on the New York Curb Mar- ket today: Sales Ridreds, 2400 Su Mg A SuMfe B INDUSTRIALS High. Low 141, 12 ol | 0% Close. 12 8 & « & L ptd Rayon Prod. Seating pfd | i =B PO & 78 Bancitaly Corp. . 1 Barcroft & J Sna : 3, Barcroft nfd . Bendix Co A * Blackst Val G 4 Borden Co Brad Fireprfe.. [ Brideeport Mach kisn City R R @Can Dry G A n 2 Celotex” (o . i Celotex Co " pt n Aguirre Su 4 Cent Pipe Corp 4C G Sprine & B 1Chi Nip B Tt i Cope Prod A ww 8Du P deN&C n 31 Durant Mot 1Duz Co A . 6 Duz Co A vt % Fl Bond & S nf 20 E1 B&S new Cor 5 El Invest Ine Frie Steam Sh 1 Estey W Corp A 2 Patey Welte CB & Fageol Mot (o 1 Fajardo Sug Co Film Tnspec M 5 Forhan Co A 15 Ford Mot Co C 61 Foundation F A I Fox Theaters A 1 Frank H H Mf BHEEIRST R e e 1 G tr repts n Mot wi L P & Ry Glen Alden Happiness ¢ St F § Hannness C SV 1 Heliman R pfd: 10 Tnd 7Leh Pow new G Leh Val € ofs 21y Leh Val ¢ e Lib MoX, Lib Ow Sh McCall Corp 5Mex Tnet .. Mohawk Hud P 215 Moh H P lstp 1 20 Mohawk Val nw 40 s e TPy at P & L 78 Df 10 Puh Ser A 1! cspom 1 ERR52E553 e TP A et SRS 1 Pender D Groc A 4 L Penn Ohio Sec pf & 's Penn Wat Pow C 1 Peop Drug_Store 12 Pitts & Lake Er] i{ Pitts Pl Glass. . 1 prort & Gamiie 1 ophylac Brush PusSP&L ... Epetr iy &8 iz Washington Stock Exchange SALES. Capital Tract. 58—$5600 at at_1003, . Pot. Biec. Cor W Gas 68 100% 10216 e %l at'00; 5at 00, SN LhmL Y I Bank—> at 455. 1005 Merch, Tir. orgetown Gas <h. Alex. & Mt 7iy, $1.000 at Tiy Money—Call loans. 5 and 6 per cent Bid and Asked Prices. BONDS. PUBLIC UTILITY. An & Telga. 45 . B Amer 7 Am. Tel. & Anacostia & Pot. R R 58 Ana. & Pot guar. ds Telephone ox Tel of Va. 3% tion' R. R. B Poton Potom Potoma Pot. El Waih, Wash Wash _ Balt. & Au G & Elec & Elec MIS { Washington Washington ash. Rwy. Wash. Rw¥ as0 ken. Ba LLANEOUS Chestngt Farni 4, Earms Daiy Olas.. 1g P ey o, Mg, B0 AP Sk Lod B Be e 815 Pl “pld Stor: 5 hark Motel $lae, STOCKS. PUBLIC UTILITY & Telga 1449 108 0%y 208 0% 1bo 89N American Tel. National Capital Columbia ... . Sommercial fetrict .. Farmers & Mechas Federal-American TRUST COMPANY American Security & Trust ontmental Trust. . 5 Merchants’ Bank. . National Savings & Truet Cnion Trust ... . P Wash. Loan & Trust.. SAVINGS . wrce & Savings. Fan"Washington Security Savings eventh_Street. nited States, Washbington Mechanics'.. FIRE INSURANCE Amerfcan .. I doreoran 1 ameal Uiton.: 11111103 TITLE INSURAN tymbia Title. . " Roal Fatate Title. MISCELLANEOUS Pape D F I Stor: i : & Sworage & Stor. id Stspe Natl Mtge & Invest. pfa Piopies Drug Storsws D anston Monotype - Sacurity Storaze. . Washunrton Market 106 104 0 next report of the company will dis- close substantial profits because of the fact that Paririe was able to dis- pose of quantities of crude purchased at prices considerably below those now prevailing. Humble sold down fractionally following the announce- ment that the company had reduced quotations on several grades. Creole Syndicate changed hands in large blocks, but the gain was limited. Red Bank was another feature of the independents, running up more than a point when it crossed 33. Among other industrials, profit tak- ing developed in Glen Alden Coal fol- lowing the recent rise, but the recel sion was comparatively small. Gen: eral Motors was a strong spot, ad- vancing, in sympathy with strength in the old shares on the stock ex- change. Todd Ship Yards felt the ef- fects of profit-taking, which carried the price down more than a point from yesterday's final. 4 Purity Bak A... 2 Purity Bak B... 1 Purity_Bak pf .. 1 Rand_Kar Bu n.. Tr vte.' 8 Serv El Cor .| 1 Silica Gel vte' !l 35 Silver T & Bros: Sou Cal E B ptd Sou Cities Util . Po A q T, 15 Southw P& L bt 1 Stand G & E p pt 1, 8ti Co Can Con' . % Stroock & Co it ntl ift & co 2 Tex Guif Eu i Wi omp Rad vic.. mken Axle . Pro Exp d Ship . ans Lux P 1 Tung 2 Uni Blscuit A-.. 23 Cni Biscuit B. . ni £l Coal Tt& 16 Uni 6 Inp C 13 Ui Lt TS . 5 Uil Shar pfd. . 30 Warner Broa Pic iy Wes O _& 8 pfd 1 White B M_spea i Winnipeg 1 Ltd Sales in MINING, hundreds 100 A € M & M Ttd 20Am T & T 64 50 Arlz Globe C. .. . 30 Caltim & Jerome & FS STETIS b et A S5 Dsrscseizrir & A 1393337 & It 7 23 3 Sest =2 iz Dgism e b LEETSEENEE ok, TR A STOCKS. 20 Corter. 4 Cresson_Gold. © 20 Divide, Extens. G M Lt 23823, TR i oLy R ER—D3: Fed Apex R Sales INDEPENDENT OIL STOCKS in hundreds. 1 Am_Con 0ilfids 8 A Maracaibo Co & Beacon Oil # Cardinal acarih S 1RCit Ses RCit S 1Cit Serv pfd B 5 Columbia Syhd Con Rovalties n reole Synd 1 Crown Cent Pete ] Darhy Pete. .. 7 velid Ol . 13 Gihson Oii* Corp 14 Gulf Ol Pa.. 3 Lion _Oil 83 Mex Panuc 6 Mount _Prod ? Nat Fuel Gaa.. orthwest Oil ) NSV A0 134 Ohio Fuel 01} 13 Okla Natural G » Par: Ref . A Red Bank Oil 8 Reiter Foster 01l 53 Roval Con O&R 1 galt Ck Con. ... 2 Qalk Ck Prod. . 30 Tidal Osage O 25 Tid Osage O N V 18 Tide Water Oil 53 Veneznelan Pet 7 Woodlex Pet new Sales in STANDARD units. 300 Anglo Am Oil.. 100 Ang A O non vt 100 Atl_ Loboe pfd. . 20 Borne _Scrvmser 50 Buckeye P L. 700 Continent _Oil 10 Cumberland P 1. 175 Gal Sig Oil.. .. 100 Gal S O ofd old 600 Humble Oil & R t C ne 400 Nat Transit. .. . 1000 Ohfo Qil... [ 5400 Prairie 0 & G n 200 South_Penn Oil W Pen P L A2l n 30 Am Gas & E 24 Am Pow & Lt s 008 7 Am Roll ‘Mill 641031, 4 Am_Seating Gs.. 49 13A W W 88 A1 07 1 Anaconda A TE SRS 25 Duke P tinkton Seh Gs 9715 I Refrig 0s. ... 104 9 Fiat 7 4 Fed Sug J¥la B & L 5% Fla P & L 840 Galr Robt 78 T&RC, 515 rand Tak Gul 0 C By v FI Ry’ 508 Lines 6n. P& L8 or be B t G Ba wi 121 NG ww G5 899 Pos A 9 2 Lig Winch re 7s 1077 28 Loews Inc 6 "~ 09 i 14 NOT&M Ry 5sC 13N 8 P M 818 C111 H0hio’ P 4lys D 887 1 0hio Pow 53 B 2Ohfo RIv E 58 12 Qtis Stl 85 A Pan Am Pet 6 Peun O E 68 A h E P S P s N7 Pure Ol Co 88 4 Rand ERLEE TS P F2 s F2 P gt ccBo et senrenhoD: 3 oo co 2croo: PR R P g FOREIGN BONDS g Sales in thousands. 1 Antioqua # Antioqua 64 Baden s 5 Bue Aires 7 5 Buen_Alres 10 Berl CE 8145 481 2 Caldas 71 i Danish Con 5% § Denmark 810 3 Europ, ¥ 1 Free St Bav 0 5uer Con Mun T Great C El 6 1 Humbugg 5 Hun LY 73 8 Tiseder StI' 7 5 Fa 4 zoSoosen e > SEE I ZiErnrammmorocos DD EzoOTDET ST DT CEc s E; B o B BB -1 DT BBE D1 VB ST 1N1S g IR R o R L s s §Sax ST W Siem & H B34 Siem & H Soltay ds Swiss Govt Thyasen Tra3t *7 Ui St W Gle Un Su W .Hk. ) TR TSEREES ES 2023253 penorre oo S0 DEe ST RO ST h UE nd. “” | partment of | versity. | gives him a larger return? | to net him a larger vield. but he can. | not find anything so safe or anything | $88.000.000; 11,001,278, | day. LAND VALUE TAXINGIREALIZING SENDS |, =5 FOR FARMS URGED Unique Plan Proposed to Help Grower Help Himself Out of Present Muddle. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, September 1.—F'inan- ciers and business men who recognize the fact that the farmer represents a tremendous part of the buying power of the United States and that his con- dition affects every other line of com- merce and industry, have determined not to help the farmer, but to help the farmer help himself. They hope to do this through the medium of an organization called the American Association of Scientific Taxation, just organized, but already numbering among its members some of the most influential business men of the country. These men hold that the farmer is being taxed to death, and that to a certaln degree it is his own fault, since he has voted a lot of de- structive taxes on himself. They as- sert that the tariff is unable to help him materially, in view of protection afforded things he must buy, but that real rellef can come from readjust- ment of State taxes, which, in the main, the farmer has voted upon him- self. . Tax on Location Value. Readjustment and relief, they assert, can come through the taxation on lo- cation value of land rather than on its labor value. Charles T. Root, economist and publisher, who is promi- nent in the new organization, explains its policy as follows: “It 1s vital that the farmer be given substantial relief else the purchasing power of the Natlon will receive a jolt that will be felt in our industrial and manufacturing centers. The American farmer is the great market for American merchandise. In every State taxes today are levied on evi- dences of the farmer's labor. If he has better bred cattle, better build- ings, better fertilized fields, better fences—all evidences of his own labor —his taxes are higher. In the cities, on the other hand, these forms of unsclentific taxation do not bear so heavily. “The value of the farm depends on its fertility and the farmer's labor. The value of city land is in value of location. The owner of a city lot can and often does let it lie year after year in weeds and tin cans and yet it goes up and up in value with- out a stroke of work being applied to it. Thus the same tax system which plles taxes on the farmer by reason of his labor on his farm places | a premium on the vacant or inade- quately improved city land.” City Owners Exempted. Mr. Root pointed out in this con- | nection that pavements, sewers, water mains and other improvements had been made available to 700 miles of unimproved property in Greater New York, the most congested city of the country. “This means,” he continued, “‘that farmers are paying in taxes on their labor a sum which is belng exempted to city land owners who put no labor into their vacant lots. The last census gives the value of all farm property, machinery, buildings, live stock and lands as $78,000,000,000. Most of this is pure labor value. The value of the raw farm is only 10 to 20 per cent of the whole, 8o that it is conservative to say that the farmers of the United States are paying taxes on about $60,- 000,000,000 annually on their own la- bor and to their own States. This is no small item in the farmers' pros- perity or their purchasing power. The cities are getting an unfair advantage. Untaxing Is Proposed. “The quickest and surest way to help the farm situation is to make the farmer more prosperous by untaxing him. The cities and the manufactur- ing centers should lead in the move to untax the farmer in the various States, for if they do not the purchas- ing power of nearly half our popula- tion will shrink and prosperity of business and industry will shrink with it. Prof. Irving Fisher, head of the de- onomics of Yale Uni- heartily indorses the prin- ciples of land value taxation outlined by Mr. Root. BANK CLEARINGS. EW YORK, September 1 (Special). New York bank clearings, $1,032,- 000,000: New York bank balanc New York Federal Re edits, $76,000,000. serve Bank CANADIAN FREIGHT. NEW YORK, September 1 (®).— Freight trafic on Canadian railroads this vear to August 21 was 1,899,813 | carloads, against 1,682,897 in the same perdod of 1925, and receipts from con- nectfons, 1,222,223 carloads. against EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. | Suppose we pause long enough in this series to take stock of the invest- ment tendencies or fashions of the Take the most conservative of securitles first—United States Govern- ment bonds. As this is written vields on them range around 3% per cent, some a little higher and some a little lower. The higher return is obtain- able on the shorter maturities, the Jower on those that have the longest to run. Government bonds believe that the long term price trend is upward. This is regardless of what may happen to other bonds or forms of securities. It goes without saying that there is no risk as far as safety of principal or continuity of interest is concerned on any Urited States Government ob- ligations. The only question is whether the present price level will be maintained, and the opinion of the best informed bankers on this sub- ject is that higher prices for Liberty and Treasury bonds are more probable than lower. For one thing, under operation of | the Government's sinking fund the supply of Liberty bonds is slowly but steadily diminishing. The TUnited States Government is reducing its debt, in which respect it stands al- most alone among the great powers of the world. The demand for Govern- ment bonds from financial institutions and large corporations does not grow less, and these two factors must re- salt, if they continue to operate, in a slowly rising quotation. The question next arises what the average small investor who owns Liberty bonds ought to do. Should | he dispose of his Government se- curities to reinvest in something that Each in- dividual has to find the answer to his own need of income, but this much plain—he can substitute other bonds | hat gives him as much assurance of ket price stability. D. | States This is because buyers of | & C.. WEDNESDAY, § COTTONDOWNWARD Storm News Has Slight Effect in New York Trading. Prices Off 11 to 12 Points. By the Assoclated Press. NEW YORK, September 1.—Cotton futures opened steady; October, 17.8: December, 17.86; January, 17.9: March, 18.13; May, 18.28. The market opened steady at a decline of 2 to 7 points under renewal of realizing or liquidation, while buying was less ac- tive after the covering and advances of yesterday afternoon. Reported in- dications of a, tropical disturbance some distance southeast of Porto Rico appeared to cause no immediate anxi- ety and selling was probably promoted by a more favorable view of weather prospects, otherwise combined with relatively easy late cables from Liver- pool. December contracts eased off to 17.81, with the general market showing net losses of about 11 to 12 points before the end of the first half hour. A private report issued this morning placed the crop at 15,153,000 bales and the condition at 60.3, com- pared with a condition of 66.5 and a crop indication of 14,193,000 a month ago. The forenoon market was rather weak, owing to the favorable Eastern belt forecast and a somewhat better weekly review of crop conditions the Weather Bureau than expected. This contained unfavorable features as to crop progress over important parts of the belt, but failed to bring in any fresh buying of consequence, while there was moderately active realizing or liquidation. December sold off to 17.69. or 20 to 24 pointe net low- er, but steadied at this level on cov- ering and rallied to 17.82, the market at midday showing net declines of § to 15 points. New Orleans Quotations. NEW ORLEANS, September 1 (#).—Cotton futures opened steady, October, 17.81; December, 17.79; Jan- uary, 17.75, bid; March, 17.92, bl May, 18.02, bid. The market opened easy today, despite good cables, first trades showing losses of 3 to 6 points. The market continued to ease off after the opening on liquidation and hedge selling until October traded down to 17.75, December to 17.73 and January to 17.70, or 12 to 13 points down from vesterday's close. Prices then rallied 5 to 6 points on a tele- gram from New York stating that the weather bureau there reported a tropical disturbance near the Island of St. Kitts in the West Indies. The bureau here was without such in- formation. CHICAGO LIVE STOCK MARKET CHICAGO, September 1 (United Department Agriculture).— Hogs—Receipts, 17,000 head: very un- even; mostly 25 to 50 lower: hogs scal- ing pounds downward showing maximum decline; few light packing sows selling near steady; top 14.25: 1o0ks out of line on late trading; bulk lesirable hogs scaling 210 pounds down- ward, 13.75a14.25; demand for light lights and pigs comparatively narrow, few light lights above 13.75; strong- weight slaughter pigs upward to that figure; most 240 to 280 pound butchers, 12.25213.25; butchers scaling over 300 pounds, 11.00a12.00: most light and medfum packing sows, 9.50210.50; few light weights, 10.75 and above; heavies downward to 9.00 and below; heavy weight, 11.00a13.: medium weight, 12,75014.30; Hight welght, 18.00a14.45 light lights, 13.00a14.10; packing sows, 8.75a11.00; slaughter pigs, 12.50a13.75. Cattle—Receipts, 13,000; fed steei and_yearlings strong to 25 higher: mostly 10 to 15 up: heavies up most: grassers strong; stockers and feeders | scarce; steady mixed yearlings and 1.204 pound steers, 11.00: 1,396 pound average, 10.90; heavies, 10.50; she stock and bulls steady; vealers mostly 50 lower; bulk to packers, 14.00a14.50 few at 15.00. Sheep—Receipts, 18,000 very slow; fat lambs steady to 25c lower: no Westerns sold; early top natives, 14.60 to small killers; early 14.00; culls around sheep feeding lambs about light lambs held at hort mouth ewes v top feeding lambs, POTATO MARKET STEADY. CHICAGO, September 1 (#).—Pota toes—Receipts, 67 cars; on track, 206 cars; total United States shipments, 613 cars; trading slow; market firm on early Ohios, steady on other stock: Wisconsin sacked round whites, 2.00a 2.35, according to q and condi- dition; bulk, Minnesota sacked round whites 1.75a2.00; sacked earl B Colorado-Nebraska sacked rurals, 2.10 2a2.40, mos 30; Kansas and {ssouri sacked Irish Cobblers, 2.25a 35. o STEEL SHEETS ADVANCE. NEW. YORK, September 1 (#).— Steel jobbers in' New York City have advanced prices of black ized steel sheets $2 a ton. RECORD SALES REPORTED. NEW YORK, September 1 (#).-—- Montgomery Ward & Co. report record sales for August, totaling $12,667,432, an increase of 7.33 per cent August, 192 TB,EA;UEY CERTIFICATES. (Revorted by J. & W. Seligman & ¢ over | EPTEMBER 1. 1926. WILL PAY $4 EXTRA. Dividend Today. | NEW YORK, September 1 (#).—An| extra dividend of §4 a share was de- clared today by directors of the Borne Serymser Co. in addition to the regu- lar semiannual disbursement of $4. payable October 15 to stockholders of record September 25. The directors also ordered distri- bution of four new shares for each share of record September 25, in con- formity with the change im par value trom $100 to $26, authorized by stock- holders on August 18. A quarterly dividend of 2 per cent in common stock was declared by P. Lorillard Co. on the common stock, representing a reduction from the previous annual cash rate of $3 @ share, or 12 per cent, on the $25 par value common. The regular quarterly of 1% per cent on the pre- ferred was authorized, both payable October 1 to stock of record Septem- ber 15. A Fool and His Money. The fact that a stock certificate is printed in fancy green scrollwork is no proof that it is worth any more than ordinary wall paper. Thousands of people in Washington would have saved their money if they simply had asked their banker to tell them what he knew of some supposedly wonder- ful_investment. Money to Loan Becured firet deed of trust on real estats. Brevaliing intcrest and com ?‘:no-m s Joseph I. Weller 3 ™3 o E====z:vzc====1 Cities Service Company We will gladly reccive 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. 6 CONSTRUCTION O Loans D. C. and Montgomery Co. FRED T. NESBIT 1010 Vermont Ave. M. 9392 | FOR SALE i 62 % L €0 LEA)\FA;"‘}' 4 INVESTORS BUY In denominations of $250, $500, $750," $1,000 and upwards, cured on i situated the Columbi JAMES F. SHEA 643 Louisiana Ave. N.W. H i Prompt Action & i First Mortgage Loans | Lowest Rates of Interest and Commission | Thomas J. Fisher & Company, Inc. 738 16th Street We Will Loan at 54 Economic Conditions Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. in District M. 475 WE PAY MORE INTEREST | ON SAVINGS ACCOUNTS | ||| Than Any Other National Bank I | in Washington | Interest on DAILY Balances Come in and let us explain ercial Nat'l Bank | 14th and G Streets Resources $17,000,000 | R. GOLDEN DONALDSON, rnzsmmr‘ -iCom FINANCIAL. The New York Life Insurance Company First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgom- ery County, Maryland. Homes Apartments 3 Years, 5 Years, 10 Yeary 5%2% Office Buildings Business Properties RAaNDALL H. HAGNER«& COMPANY Incorporated. MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 LIFE INSURANCE COMPANY OF BOSTON, MASSACHUSLTTS —invites applications for loans on Washington real estate. action, Prompt lowest rates. Consult— RO Equitable JOHN JOY EDSON, President anized &1 [ Assets. . Ee current SSILTHELPS 1417 K Street—Main 9300 Co-Operative Building Ass'n WALTER S. PRATT, Jr., Secrefary 46th YCAR COMPLETED ,817.22 Surplus .$1,406,495.76 Subscriptions for the 91st Issue of Stock Being Received SHARES $2.50 PER MONTH LOOIOPLOLOLNLOD SAVE SYSTEMATICALLY AND BE INDEPENDENT So many folks, who would not save otherwise, are enthusiastic about our svs tematic Saving Plan. You, too, can join the throng of happy. carefree savers men and women who are enjoving life now, and at the same time, laying something for tomorrow 915 F Street A Third of a Ceniury Hsthout a Los B. Main 2100 A PLAN TO HELP YOU INVEST You can enjoy the invest- ment safety and assured inter- est yvield of one of our 61,9, FIRST MORTGAGES without necessarily meeting its payment in full at the time of purchase. Our partial pay ment plan enables the man who wishes to invest in a moderate way to do so at an initial out lay of as little as $25. For a third of a century these safe securities have been preferred by successful investors. In amounts of $250 and up F. SAUL CO. 923 5 SEINIW. ago Shannon Notes on a small —Every year we Interest, we hav. friends. twenty years Mortgage Invest, N Continuity of Service LITTLE more than twenty years menced selling First Mortgage iz brakerigeibaaassss any oraaied served clients—and because they have never lost a penny in either Principal or We offer you the advantage of -Investment Experience & Luchs, Inc., com- scale. Every year have satisfactorily e made them our of Successful 'ment Department COMPETENT COU NO MATTER how large your requirement, Ample Funds! you will always find available here the funds to cover your First Mortgage needs on Improved Real Estate Our service is prompt, conscientious, and thorough The interest rate is 5%%. In the case of mortgages of less than $50,000 you retain the privilege of paying off the loan in whole or part on any interest date First Mortgage Loans on Homes, Apartments and Business Buildings, in D. C. and nearby suburbs. HLRust Company """lln.. Loan Correspondent for The Prudential’ ESTABUSHED 1889 - 1001-15% ‘Street. N.W. ]