Evening Star Newspaper, September 3, 1926, Page 31

FIN SEAF00D IS CHEAP IN MARKET TODAY Spring Broiler Prices Drop. Butter and Egg Values Are Unchanged. Retailers were on hand early this morning getting supplies of marine products for the day’s trade and meats for the Saturday trade. Decreased prices for marine products resulted inj increased demands made upon whole- | salers at Municipal Fish Market crabs, crabmeat and most varieties of fish being offered at prices far below those that prevailed last week Spring broiler prices today were and 30 cents, a drop of 2 cents since earlier in the week Butter and egg prices today were the same as at the close of yesterday’s market, and prices of most other con modities remained unchanged, New York and Chicago reports recorded no change in butter prices, but an easier market Today’s Wholesale Prices. Fancy. 1-pound prints, 46a tore packed, 30 Fresh selected. 37a38; hen- a40: current receipts, 33a34 Turkeys, 35: White Leghorns, 25 roosters, 22; ducks, keats, voung, 7 dressed turkeys, 4 nery Poultry, alive broilers, 28a30 26; fowls. 26a2 young, 20; old, 1 R0; old, 3bain; broilers, Tive stock — dinm, 11al: Meats—Fresh loing, . choice, 14, me lamb, 30. Fruit and Vegetable Review. Today's market report on fruits and vegatables, compiled by the Market News Service, Bureau of Agricul- tur -onomiics, says Apples—Supplies liberal: light. market dull: bushel Maryland and Virgini e large size, 1.25: various arieties, me- dium to large size, 75al.00: small aize, 35a50. Boxes, Washington, ex- fra faney Winter bananas, large nize, 2.75. Cantaloupes—Supplies mand moderate, market Maryland, East Shore and Dela- ware, Salmon Tints, standards 36s, 150al. few 2.00; extra jumbos 2550; pony flats 128, 65; Salmon Tint: miandard flats 1 jumbo flats 1.00. Color pink meat: standard flats 128 and 138, 1.00a1.10 jumbo flats 12s, 1 jumbo flats 9s, 1.00a1.15. Toneydews, Californi atandard crates, 6 to 2.00a2.25; poorer low as 1.75. Grapes—Homegrowns supplying the market for Eastern stock. lettuce—Supplies very Yight: de- mand good, market firm: New York, 2.dozen crates Big Boston type, 3.25a 3.50 Onions -Supplies moderate: demand light. market steady: Massachusetts and Indiapa. 100-pound sacks Yellows, 1, mostly around 2.25; Spain, Valancias, Peaches—sSupplies liberal: demand moderate, market fairly steady: Ma jand and Virginia, bushel baskets Ll bertas, large size, 00; medium to large size ripe, . Virginia sixes Elbertas, very large size, 1.7 200; New Jersey, si size. good condition, 1.50a1 Potato Market Firm. Potatoes—Supplies _moderate; de- mand moderate, market firm; New Ter: 150-pound sacks Cobblers, U. 8. No. 1, 4.25: Virginia, E cloth-top stave barrels Cob o, 2 «4.50, mostly 1 Sweet potatoes—Supplies modera demand moderate, market slightly weaker: North Carolina, cloth-t stave barrels, Yellows, No. 1, 5.50: Georgia, bushel hamper lows, No. 1, fair quality, 1.50. Corn—Supplies light; demand mod- erate; market firm: home-growns, sacked per dozen, sugar corn, mostly around 30 per dozen. Caulifiower—Supplies limited; de mand moderate, market steady; Colo- rado, crates, 2.25a2.50. Cucumbers—sSupplies light; demand moderate, market steady: New York, bushel baskets, fancy, 1.75a2.00. Pears—Suppiles moderate; demand light, market steady Bartletts, mostly 3.00; few ripe low as 2.50. Calery-—Supplies light: demand lght. market steady; New York. 2.3 crates, 2,25a2.50. as—Supplies light; den market _steady: tol pound crates, Telephones, 700 Blackberries — Supplies moderate; demand limited, market slightly weak er: New Jersey, 32-quart crates, 3.00a 3.50. 25 demand haskets, Wealthys, liberal; de- steady; 8s, nd mod ado, i erate, NEW YORK PRODUCE. NEW YORK, September 3 (Special). —The celery situation, particularly on State fan rough, was slightly stronger today. The finest offerings in two-third crates wholesaled at $2.50 to $2.76. occaslonally as high as $3 in | a small wa from $1.50 to $2.26 in crates of about $1.25 per crate. Receipts of were limited Fair to ordinary re Mict Hudson \zlley Clapp’s favorise jobbed out from $1.75 to §2.25 $2.50 per bushel sk anged from $1.50 to §2 Trading was more active on skill Mountain caulifiower. Crates of 12 and 16 heads sold at 84 to $5, with some at $5.50 for the very best, and from $1.50 to £3.50 for the fair to or- ainary Arriva from wholesaled at §3 to $8.50 per crate. The market for apples from West ern New York and the Hudson Valley ruled very dull and weak on stock not strictly fancy. Western York grade A Zlyinch Duchess around §1 per lLushel basket son Valley Gravensteins, Alexanders, Wolf Rivers Pippins of the same grade in similar containers moved from $1 to §1.50 Upstate Big Foston lettuce sold at $1 to $3.50. chiefly $1.50 to $2.50 per crate of 2 dozen heads berg lettuce again adva Crates of four and five dozen heads from Cal ifornia and Colorado commanded $10 and §11. pears pear rarely Bartlett Hud and Fall and size slowly ced POTATO TRADING JUST FAIR. CHICAGO, September 3 (#).—Po- tatoes—Receipts, 45 cars. on track, 189 cars; total United States ments, 483 cars ng just fair; market steady nsin sacked round whites, 12.75; bulk. 2.25a 2.45: Minnesot. cked round whites, best, 2 .40 90a2.20; sacked early Ohios DIVIDENDS. Period. Rate Parable Q Ot 18 Oct Sept 30 « Sept 1 Nov 15 Nov Oct Oct Oct Oct Sept 1 Oct Stock of record 1 Corp American Steel Do. pf Am La Fr Eng Do_ pf... . Am Seating Do._p{ 3 Amp P Sve pf. s 14 Am A pf ap, Bread bt B Chase st pf at Bk Chase B ecurit’s Com! o1 Sept Sept h N Bk inv Trust Rubbe: : & e TDo. pt gr In Natl frewers . . Steam bf V8 Winnipes El ot .,___..4....,,.4...._ [ttt 2 o rsim et Spring | a3, | ; California, boxes, | Cat- | Colorado | Wealthies, ! Western fce- | ship- | ANCIAL. BY WILLIAM F. HEFFERNAN. _NEW YORK, September 3.—The Curb Market was called upon today to absorb heavy profit-taking sales, preparatory to the three-day suspen. sion of business, The manner in which these were taken was impres- sive and left no doubt in the minds of many that the side of higher prices still offered the best chance for profit. There was more of a disposition, however, to walt until after the holi- days before renewing commitments on the long side, and this accounted | for the lessening of activities in the: | general body of stocks. Oil shares divided interest with public utilities. The latter sroup fur- nished the feature in point of ad- vance, although the price improve- ment in no instance was spectacular. Stocks of the latter class of com- panies were bought. because of the belief which is hecoming general that Iimproved earnings resulting from ex- j panding operations has been fully flected in the market for these ocks. Electric Investors rose almost _NEW YORK. September 3, 192 Following is a list of bonds and stocks traded in on the New York Curb Mar- ket today: Salex in INDUSTRIALS hundreds. 1'Aero Sup Mf B 1Ala Gt Soith Aia Gt South bt In Piek Ba Allied P Am ne pld ating vt Suvernow 4 Snperpow B hread C pf o abeqrk & Wil 2B o Pa e b, Bell Ph of Pa % Biiee B OW B0 | it Plp SvR & B ip . 2 & En wi H n ptd_wi ommon B € n Common P n pfd ‘ommon P C war ‘onsol @ Balt 1 “onsol _Laund e ump “t « « I§ r R ( B&S nw Invest_In o Ste_Sho tey | Welte zeol Mot Co 1y Fajardo Sug C Eiim - Ingpec M o A rd Mot Co Can 4! undation Fo A Theaters A 4 Frank H H Mt € ', Frank HHM C pf 3% Freshman,” Chas. Gen Bak A n Bak B 1 Gan Tee Cream 207 Gen Motors w i Por lette S R agel 465 1 & aas » e TG DI De p 13 Fo 1F i P et R RN & Hardart perial Tob Can 1 Im 2 Ind Rayon Cor A s Belled, large | Mo ; T Mid West Util Mid W Uil off. Midvale Co stern Shore, | Mohawk V. Dr ¥or ‘A at Casket n' .. t Elec Pow A, 231y Po & L s of 101 Pu_Ser A 20, b Sorth 0 P N Ont L & P pfd or States PCA orthe Pow n.. ington Bros. 1Pac G & Eln wi 1 Pac Su Boiler. .. 14 Penn’ Ohio See: © | JPen P& L ptd 4 P Wat Pow C..1 H 1 Peop Drug Sto: 1 Phila ¢ Purity Bak B ! [ 3Evrene Mrg . i Rand_ Kar Bu o H 1 Reo Mot M1 Mg Lid i E n pfd s & Po A | { { . Ro Mt & Pa | Co pew s 48wift Intd 1 Tampa El e Texas Gulf 'S n FA F ¥l 1Toh Prod_ Expo 1Todd Shivs ... 83 Trans Lux Pic A 6 Tung Sol Lamp 2 Tung S Lamp A Bisciit B FE = I3 PILICE RSS! ERSSED RS uhnt P&l vie B an © Pke_ntd Cie Tall Mach 21 Warner Bros Pic . West_Pow pid 10 Yel Taxi € N Y MINING m Tin Tung. . 10 Ariz_Globe € Lea oniht Ohio 50 Premie 10 Red Was 250 Am Go 16 Tri “Bullion 51 st Mi Tni Verde E ric Nat Gas Beacon Oil nal Pete Cities Sery fhew Citiea Sorv pf Sery imbia S3 ole Synd Gibison Cor Gulf Ol of Pa Leonard Oil Lion Ol Mount_Prod w _Mex Laid o' Cent Tex 01l Pandem 01l Con O& Tidal Osage O Tid Osage O N' ¥ Tidewater Oil Tidew 200 Anglo Am Oil 100 Ang A O non vid 10 Borne Scrymser. 2! 50 Buckeve P L. ontinent Oi n 100 Ohio 01 500 Prairie O 50 Praire P L. 10 Solar Refin 84005 0 Ind. . . 300 So Kansas.eees THE EVENING STAR, WASHINGTON, D. C. FRIDAY. SEPTEMBER 3. 1926. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office 2 points, the gain in Consolidated Gas of Baltimore and Electric Bond and Share securities extended to 2 points at one time, while stocks of several {of the newly recapitalized corporations stood out strongly. | ""No attempt was made to press the recent advantage in the oil section, but operations for the rise went on quietly in Standard of Indiana. Im- perial Oil of California and Standard of New York. Venezuelan Petroleum was responding to the report that the Gulf Oil Corporation, which is devel- |oping several leases on Venezuelan property, had shipped its first tanker and that regular shipments would con- tinue from now on. Among low-priced 'issues Falcon Lead Mining was bought at its high- est for the year following publication of earnings for the first five months, which disclosed a net profit of $45,792, which were made in the course of de- velopment work. Gillette ~Safety Razor moved forward readily once buying made its appearance, the gain extending at one time to more than 2 points. 54008 O N ¥ A 108 0 Ohio 308 1600 Vacuum' 0ii; [ 101 1 Alum 7s new "33 1061, 10834 30 Am Gas & EI 6s 10013 1001y 26 Am Pow & Lt 65100 * 097y Il Am Seating fs.. 49% 003 35Am W W 65 A H8 058 13 Appal El Pow Bx 95 E 41 Amso G & E 6. 102 308 100 ro P & 1. 5t RCit Serv fs 3Cit Serv 78 D. Gas B 54 on G Balt (s A ontainer C A 6s ;}e-m-u City G s ch 6s. 3 EIA 02 Fisk Tire 5 Fla P 5 F 5 Gatineau P eneral Pot s, . odyear T&R 5u TR 5831 rang y "1 Ry 8125 " 21In NG ww 6 wi 1RTC of P 51asA @ Lehigh P 65 A 2Tib MeN&L 7e 11Liq Carbon 6s 2 Long Isl Lt 6s 101 Loews Inc ‘6a. 13Man Pow Blyed Mass _Gas 5% at D Pr 83 at P L fs Cong (op 88 8 NOT&M, Ry /onc 1010y SPNM 6fs c1108 30nio Dutye. . RRe 1 0hio Pow 55 B 078 R 2. 114 3 Pet 63 10215 2 Pen Ohio E 6s A 100 4 1P P&L 8x D 53 08% 3PhE PS 10215 1 Phila_Rap * Glas A 103 43 Servel el Rl Schuleo Tne 6146 10 T 8chilte R Eat fe 005 1Schulte R E s X 88 5 Shawsheen " 7a..". 100 1 Sloss Sheft 65" 10215 4 Sou Cal E bs 44 101 24 Sou Cal E 5s ‘51 i Seast P & L 6s. 150 N Y gige Swift & Co 5. ranscont _Oil S Ru s s < i 1 1 4 5 @ West Penn B3 G 1 Sales FOREIGN N i thousanda, "OREIGN BONDS, # Autioqua 7s B . g Baden 7w ' 2 Bue Aires I Bue Aires 9 Bue Aires 1 Danish Cons nmark 51 s 22 Free St Bav 6 LB Ger Cons Mu 23 Great C El 8 s 78 028, oy Wit 3RC C'B By 20 Russ Govt Ky 5 Ruse Govt 615 0 Ru G 048 N of. inte Fe 7 . 8 H s s Tni S 0 Westp T dividend. a0 885 METAL MARKET. NEW YORK, September 3 (#)-— Copper, dull; electrolytic, spot and futures, 14% asked. Tin, firm; spot and nearby, 66.12; futures, 64.75. Iron, steady: prices unchanged. Lead, steady; spot, 8.90. Zinc, steady; East St. Louls, spot and futuras, 7.40a7.45. | Antimony, spot, 16.00. CALL MONEY STEADY. | NEW YORK. September 3 (). | Call money, steady: all loans, | closing bid, 412; time loans, | mixed collateral, 60-90 days, 4%a47: | +:6_months, 473a5; prime mercantile paper, 413, DODGE BROTHERS’' SALES. NEW YORK, September 3 (#).— August sales of Dodge Brothers to dealers In the United States and Canada were 81,335 cars and trucks, an increase of 8,798 over August last vear. Production for the first eight months this vear rose to 265,606 vehicles from 187,673 a year ago. INCREASES EARNINGS. NEW YORK. September 3 (#).— The Great Western Power (o, orflm- fornia increased its net earnings in the first half of 1926 to $1,100,243 from $808,109 in the same period last vear. "July net also was larger than in July, 1925, $197.325 against $183.686. Total assets on Juno 30 were $115,: 782. CHICAGO GREAT WESTERN. NEW YORK. September 3 (#).— 'he Chicago Great \Western Railroad improved its earnings remarkably in the first seven months of 1926, Na- thaniel L. Howard, president, report. ing that surplus after charges amounted to about $200.000. in con- t to a deficit of $375,000 in the corresponding period of 1925. COTTON GOODS ACTIVE. NEW YORK, September 3 (Special), —Cotton goods markets were more ac- tive today. with prices steady to firmer. Print cloths, 64x50, were an eighth cent higher at sc. The 68x72s were unchanged at 83%c. Raw silks were moderately active and firm. | REPORTS $109.127 L0SS. | NEW YORK, September 3 (#).— | Arnold Constabie Corporation reports ynet loss of $109,127 for the first half of 1926, which was attributed to cer- tain changes in policy by the present management, including heavy write. offs, and was expected to reflect favor- lably In profits for the second half |Of the year. Net sales were $5,066.8: FURNACE BLOWN IN. _NEW YORK, September 3 (#).— Youngstown Sheet and Tube has blown in No. 1 blast furnace in its , | Hubbard group, giving it seven active i stacks out of nine in the Youngstown district. Trumbull Steel shipped be- tween 42,000 and 43,000 tons of rolled steel in August. about 2,000 tons more than in July. Pipe business continues active. Sheet mills in the Mahoning Valley have orders to keep them at capacity for 30 days or more, with new tonnages being received steadily. PRICE OF SILVER. | | receipts cut materially were the fairs { over - Copenhagen. ‘Foreign exchanges easy. COUNTY FAIRS BIG ATTRACTION INU. S, 2,000 Planned Between Now | and November 30 Will Draw | Millions of People. BY J. C. RO Special Dispatch to The Star. 1 NEW YORK, September 3.—The great Sesqucentennial exposition now being held in Philadelphia has drawn exhibits from all over the world and is bringing vikitors from every section of America. But in the aggregate the citizens who will visit this great show are only a handful compared to those who will be attracted to the | State and county fairs throughout the country this Fall. When it comes to | drawing the crowds and spending | ang making money nothing but the circus is equal to the appeal of. the county fairs, the season for which is now about to commence. Over 2,000 county and State fairs are planned in the United States be- tween now and ember 30. Over 25,000,000 people will pay admission at their gates, admission money alone aggregating more than $10,000,000. In Pennsylvania alone 47 county fairs will be run in opposition to the big international show in Philadelphia, and it Is not belleved their receipts will be cut a particle by the attrac- tions of the exposition there. $50,000,000 for Food. In the county fairs alone, visitors| will pay at least $30.000,000 this Au-} tumn for things to eat. ‘The hot dog | owes much of its popularity to the county fair. The peanut growers of Virginla_and South and North Caro- lina and Georgla would have their to be discontinued. _Distributors of bananas, cocanuts and ice cream cones will reap a harvest, while oysters will g0 into stews at the daily rate of thou- sands of dozens. The Sesquicentennial exposition un- doubtedly is going to have a perma- nent effect both on the taste and trade of America. Nothing is so calcu- lated to improve the architecture of this country as a careful studv of the colonial structures reproduced here. The foreign nations with ex- hibits will enhance their trade with America. New and original machinery designs on exhibition will go far to revolutionize industry, but ‘the expo- sition has not increased the sales of Philadelphia merchants or augmented the profits of local hotel proprietors to any marked degree, although nearly a million and a half people have en- tered the gates. The county fairs, on the other hand, mean opportunity for seasonal shop- ping for entire districts. They give the farmer a chance to market his products under the most favorable auspices and provide a social inter- ourse that far outbulks even the chautauquas in the country districts. Aids Thoroughbred Racing. he amusement concessions at the State and county fairs have resulted in the building up of the carnival companies, which now are as flemly financed and as much a part of the business and investment structure as the circus or the movies. Horsemen declare that the county fair has done as much or more to develop the thor- oughbred horse and improve both run- ning and harness strains than all the Jjockey clubs in the Nation. The races “in the sticks” probably are witnessed by larger audlences than visit the great race courses of the cities. The county falr has unquestionably done as much for the development of aviation as any other one thing ex- cept the war. Long before the pres- ent generation was born the balloon ascension and parachute jump was a xture of nearly every county exhibi- tion, and in late years the stunt flvers have performed more spectacular feats the heads of rural gatherings than ever were attempted on the French and Flanders battle front, so far as actual flying is concerned. ‘Automobile dealers and agricultural implement manufacturers have no hesitancy In crediting these gather- ings with a full share in the prosper- ity which has come to those branches of American industry. SHORT-TERM SECURITIES. (Renorted by J. & W. Seligman & Co.) | Wasch, | Waehfnzton Adirond, P. & L. C. 8 1079, Alum_Co. of Amer. 7s 1933 Am™nd el o 4y 1026 da Co s 1926 Avsociated ON. &n 1035 Ballimore. & Ohio Bs 19! el el co. Can. Be 1085 h. Nor. Ry C. 4348 1035 niral ot Georgin, 08, 1620, Chi., Mil. & St. P. 68 193 Glly of Tyon G 103 Continentai G, & B, Soodrenr o g Great Northern Ghi o Corp. Sraney Choc, C Hmbie ol b Mass, Gas, Co. Morris & Co % New York Tel. 6s a Short Line 4s 1620 Oreon Short Line da 120, Penna, - in 01l Co. 61a 1033 Eragy . OH P C. 6 Sou. Pac. R_R_C. 4% 102 So it of & 4s 193 d o Em dal Sritt 800 Gl 5s 1035 R, C, 4n 1027 n_-fl~_...-.-_--<-- 25585558 a3 50555305 NSRRI e SR b e PSSR PTLEEFEEEE SeSoze BaSs o3 %3 Union Oil of Cali e 55550003 2228255 GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) Bid. _Asi Ger Gt (w In) 58 1014-18 1100.00 115 Hamburs 4228 1919 9000 10 (Quoted_in dollars per thousand mark Gerdon ‘Elec S 1gn prewar 2.0 Ger Gen Elec 3125 1919 Berlin 4 2 Hamb 3 amb-A nie; North German Lloyd 43 North German Lioyd Prussan Consols 338 Krupp 5s 192 Dusseldort 4 pre 3 Frankfort a-M 4s pre-war Munich 4s pre-war. Badische _Anilin AE G (Ger Ge Elec) Commuierz and Privat Bank.. Disconto Gellschaft Dresdner Bank Deutsche Bank Darmstaedter B; AMercur Bank Vienn Heyden Chemical Austrian A E G ( Berliner Handels FOREIGN ,EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks SRR s4%8 g0 822332358 e Somose 20210 382 2222% 5 101.00 Berlin, Rome. Zurich. 3 Athens. ‘drach Madrid. peseta Vienna, crown Budapest. crows Prague. crown. arsaw. zloty. . . crown Oslo. crowiv. ... Stockholm. crown NEW YORK, lira Quotations (in cents): Great Britain, demand, 485 3-16; cables, 485 11-16; 60-day bills on banks, 481l1;. France, demand, 2.93; cables, 2.94. Italy, demand, 3.71; cables, 3.72. 3Donmmi—5!lnum. 2.76; Germany, .81; Holland, 40.06, Norway, 21.93: | weden, 26.74. Denmark, 26.55; Swit- zerland, 19.31: Spain, 15.19; Greece, 1.14%: Poland. 11.25: Czechoslovakia, 2.96; Jugoslavia, 1.763%; Austria, 14.12%; Rumania, .50; Argentina, 40.37%; Brazil, 15.30; Tokio, 48.18%; Shanghai, 69.31%; Montreal, 100.15%. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY CHICAGO, September 3.—Exports of butter increased. and those of cheese and eggs decreased during July, as compared with July a year ago. Butter exports were 614,795 pounds, compared with 423,478 last year; cheese exports were 308,642 pounds, compared with 351,346, and egg exports were 1,472,203 dozen, compared with 165,788 dozen. DETROIT.—Early reports from motor car companies on August production indicate that the out- put of the industry in that month may set a new August record. A majority of companies are on an increasing production schedule to meet the demand for new models. LAWRENCE, Mass.—The Ameri- can Woolen Mills now are running full time, with a full quota of em- ployes. Orders on the books are re- ported to be sufficient to insure ca- pacity operation until well into 1927. SAN FRANCISCO. California almonds should be cheaper to con- sumers after the present crop is har- vested. Opening prices set by the Growers' Exchange range from 15 to 2513 cents per pound. or 4 to 5 cents lower than last year. The crop is expected to be nearly double the 1925 output of 7,500 ton: ATLANTA.—More than 1000 new tobacco growers from other States who have visited Georgin markets during the present season have bought holdings and will cultivate brignt-leat tobacco tn' Georgla i 927 B., C. & A. CANNOT PAY COUPONS ON BONDS Protective Committee Likely to Be Formed—Pennsy Withdrew Financial Aid. Special Dispatch to The Star. BALTIMORE, September 3.—Defl- nite announcement of the fnability of the Baltimore. Chesapeake and At- lantic Railway, a subsidiary of the Pennsyvlvania Rallroad, to pay the coupons on its outstanding bonds due this month, has been made by Turnbull Murdock. president and general manager of the company. There are $1,250,000 of the bonds out- standing at 5 per cent interest. In July the Pennsylvania Railroad, which has been operating the Balti- more, Chesapeake and Atlantic as a part of its system, gave notice it was unwilling to continue purchasing the coupons of the latter company, as it had been doing since 1921. At that time it was stated that unless the Maryland raflway could make ar- rangements to pay the coupons due this month a protective committee probably would be formed. That such a committee probably will be organized in the near future is indicated by Mr. Murdock. “We have no funds to meet the coupons.” he sald. *“That has been a matter of public knowledge for some " time. T suppose when the coupons are not met the hondholders will form a committee and a finan- clal reorganization will be effected.” Washington Stock Exchange Cavital T ) weninga $200 at 103, Capital Traction Co.—10 at 10! Potomac Electric Power b 103 % Waghington Rw; Elec. —_— SOOI Sl M =T s AFTER CALL. National Mtge. & Invest. pfd—70 at 8. Money—Call loans. 5 and 6 per cent. NOTICE—This _exch e ¢ Monday. Septeniver 6. Lator Das. " €0%ed Bid and Asked Prices. BONDS. PUBLIC UTILITY American Tel, Telga. 41 Amer, o1, & Telna, ia8, Am. el & Tel, etl. 4 Anacopiis & Poi. . ® 3 A"t ¥' Guar. §s. .o C. . Telephone 5. . G &P Tel.cor V. B2 pital Traction (r!': ‘lq L Gi 1i reetown Gas 1sf Botomac Eleo: gfl:nmfll‘ }F_'_l‘ C. Som 0tol Elec. 8¢ 19 Pote Bl Pow. e & Wash.. Alex. & Mt Wash.. Alex. & Mt V. Balt. & "\l\llln s 3 10 T4 id. Asked. 2 Washington ¢ & wash. Rwy. & Wash. Rwy. & 52533 ~55050@500003: T RZR23.933353333ER MISC h!el"g' VZV(V!Y! {;nnv“fil " Papey Co gvoz. Joint Stock 1:d B b e Sred 2852 1 Quthern Bldg, 61os.. .\ AT Cold Storaes Bh.. ‘Wardman Park Hotel 51a8... STOCKS. PUBLIC U Ameri Tel. G .u';x{??”“rufingnfi g Norfone " wash.” Potomac " Elec. Wash. Rw: Wash. Rwy. Natfonal Colum!’ Diatriot . Farmers ‘& 3 ‘ederal-American - Liverty : Lincoln National Rirks Secand National ‘Bank '6f" Wash.. TRUST COMPAN rity & Trust.. v srsnsineess B SoesgssgEEes = American Continental Merchante tional § ion Trusf s e Commexce & Sa ast Washington.. . Securtty Savings & Com. Seventh Streat. ... Tnited States. . ‘Washington Mechanics’ American Corcoran Firemen's National Columbia Title... . Real Fstate.. A Title & Tnv. Co. Md. com..”” "4 MISCELLANEOUS. . C. Paper pfd.... 0 Rl a8 Yerchants, & Siorage. 11 erchants: Trap, & Stor. old Merges ner‘ Il.lnoly.m i - & Inves s Beon "‘fin;x Store ot 7 not sennity Sommea Washinkton Mariel “Ex. dividend. Unlisted Department. BONDS Ar & Navy Club Bs. . Cn::ol Cl\lb'"‘r"l & S City Club 7s ... Metropolitan Club 4 STOCKS. Anacostia Bank " Cl in-Sacke . Chapin-Sack: o of.. Chapin-Sacks 8% pf. Connecticut Ple Co. Christian Heurich B Devartmental Bank District Title Ins Co Frankiin N ational Bank Miller Train Control 7 NonS Cabitol Savitgs Bank. Norie capior savings Bank. Northe: Savings Bank P ings nsnnk 3! ings Bank . otel Co. e ashington Savings Bank. . Washington Title B'm (‘f% Washington Base 1 Club.. Woodridge & Langdon S. Bk. TREASURY CERTIFICATES. (Reported by J. & W. Selirmgn & Co.) i ICOTTON IS STEADY IN TRADING TODAY Moves in Narrow Range Dur- ing Early Part of Session. Offerings Are Light. By the ciated Press. NEW YORK, September 3.—Cotton futures opened steady: October, | 17.63: December, 17.78; January, | 17.84; March, 18.09: May, 18.20. | The market opened steady at ani| advance of 1 point on March, but gen- | erally unchanged to 3 points lower. Active months sold about 3 to 5 points net lower during the first few, minutes under realizing or liquida- | tion. Y | The relatively easy ruling of Oc-| tober was accompanied by revived rumors that cotton was to be shipped here from the South for delivery. This combined with a favorable view of the early weather news and the rela- tively easier ruling of the early Liver- | pool cables probable accounted for| some selling on the decline of 17.76 | for December. Liverpool rallied after the local opening, however, while offerings here were light and prices held fairly steady within a point or 2 of yester- day's closing figures at the end of the first hour. | | The official forecasts encouraged | hope of favorable weather over the | holiday, but failed to promote any | selling of consequence and the mar‘ ket was quiet. Another private crop | report placing the condition at 60 and | the indicated yield at only 13,900,000 | served to emphasize the uncertainf of the Government's figures to be pul lished next Wednesday and probably | had a_sustaining influence. At mid- | day December was selling around | 17.81, or about 2 points net higher. vew Orleans Quotations. SW ORLEANS, September 3 (#). otton futures steady. October, 17.66; December, 17.65; January, 17.64; March, 17.80 bid; May. 17.89 bid. The cotton market opened easy today as cables were not as good as expected. First trades showed losses of 4 to 6/ points @nd prices eased off after the | opening, October trading down to 17.64, December to 17.65 and January 3, or 6 to 7 points under yes-| terday’s close. Pre-holiday and pre- bureau liquidation appeared to have! run its course and prices soon show- | ed a tendency to rally as offerings | were well absorbed. There was more | or less switching from near to late | months, the nears being sold and the | late months bought. A private crop report issued today makes conditions | 55.4 and the indicated yield 14,890,000 | bales. | | MERCHANTS AND MINERS’ | LINE EARNINGS SMALLER| BALTIMORE, September 3 (Spe- | i cial).—Earnings of the Merchants and | Miners' Transportation Co. for July | and August compare favorably with those for the corresponding months a vear ago. | For the eight months, however, the showing is not as favorable as it was a vear ago, owing to the shrinkage | in business to and from Florida. Ships of the company sailing from Balti- more and Philadelphia for Boston are carrying full loads of passengers and freight. Earnings thus far this vear are re- ported to be substantially in excess of the dividend requirement for the en- tire 12-month period. 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 our deposits—why not trust him ith \vour investment problems? Money to Loan Becu by first deed of trust on real estats. hwmerut and mi qu,; mll. 803 Wilkins Bldg. Main 6189 | TSI WE FINANCE ! —all classes of income-producing property | Large Loans a Specialty | Current int. rate and commission | Higbie & Richardson, Inc. | 816 15th St. N.W. | Stocks Bonds 0dd Lots Carried on Margin Buck & Company —BROKFERS— blished 1916 312 Evans Building 1420 N. Y. Ave. NW. Tel. Franklin 7300 Direct Private Wires to New York Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Checking Accounts \Savings Accounts Time Deposits Foreign Exchange Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits Collections’ Real Estate Loans ' Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets We will gladly receive and give prompt attention to applications for Loans on Washington We Will Loan at 54 % Economic Conditions Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. M. 475 Gqconsmucnon O Loans D. C. and Montgomery Co. FRED T. NESBIT 1010 Vermont Ave. M. 9392 FIRST MORTGAGES $750, $1,000 and upwards, cured on improved real estate situated in the District of Columbia.’ JAMES F. SHEA 643 Louisiana Ave. NW. The New York Lif: 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. RENTS REDUCED DOWNTOWN OFFICES 1313 HSt. N.W. Adjoining Times Bullding 1 room 2 roonis Choice Locations Avallable Open for Inspection Janitor Service H. R. HOWENSTEIN CO. Incorporated 1311 H St. N.W. e Insurance Company First Mortgage Loan On Improved Rcal Estate in the District of Columbia and Nearby Suburbs in M 3 Year: Homes Apartments 5%% fontgomery County, Maryland Years, 10 Years Office Buildings Business Properties RanDarLL H. HAGNER & COMPANY Tncorporated. MORTGAGE LOAN GORRESPONDENT 1321 Connecticut Avenue Equitable Co-Oper Organized 1879 Assets. . 136,317.22 Subscriptions for the 91st Telephone Main 9700 ative Building Ass'n WALTER PRATT, Ji 16th YEAR COMP! Surplus........... ecretary LETED .$1,406,195.76 Issue of Stock Being Received Rl t il 22 A b SAVE SYSTEMATICALLY AND BE INDEPENDENT So m otherwi: tematic the throng men and women who are enjoying hany folks. who would not save ise, are enthusiastic about our sys- Saving Plan. You, too, can join of happy, carefree savers— life now, and at the same time, laying aside something for tomorrow. 915 F Street “Your Interest 'Check Comes in—" —and of what vital importance that as to is to the Investor. No doubt the safety of the medium—no anxiety in regard to the annual re- turn. You know that our First Mortgage Investments are abso- lutely dependable. Mortgage Investment Department ON: & LUCH “ 713, 715 and 717 14th St Main.2345 Inv not ti , Without a Loss them Capital $1,000,000.00 Main 2100 THE SAFETY OF CONSERVATISM restment conservatism is midity. Tt is the sensible application of known facts to guage with safest accuracy a future outcome. a century our For a third of SAFE FIRST MORTGAGES have protected investors’ funds and yielded regular interest in full on time without exception. These are known facts. Apply to your own investment —to make the outcome income. B. F. SAUL CO. 925 15th St. N.W.