Evening Star Newspaper, September 11, 1926, Page 31

FINA 'TOMATOES HIGHER INGENTER MARKET Eggs and Butter Unchanged. | White and Sweet Pota- toes $5 a Sack. A rise in the price of fteday featured the who! which otherwise remained at day's firm level. Tomatoes. zflllerdly for $1 a half bushe). todayv rought from $1.50 1n $2 ® rigs from 30 cents a half hushel at which they were selling earlier the week. Potataes remained steady weck for white and sweet alike. Sweet corn sells for 30 cen dozen wholesale and string beans $2 & bushel. V.ggs and butter tomatoss market. vester at $5 a remain at vester. Aay’s quotations of 4% cents for top- | butter and 40 cents grade creamery for hennery sgga Today's Wholesale Prices. Burter- —Faney. 1-pound prints, fuh, 47; atore packed Eggs—Fresh selacied. 368 merv. 40a42: current receipt Paultry, alive—-Turkeys, 3 broflers. 78a3n. white Leghorns fowls. 26a27. roosters youne. 20: old, 15 old, 35a40. Dreseed hroilers. 33a38: keats, old. 40a50. Live stock-—-Calves chajee, 14 Aium. 11a12: thin, 7a%: lamba. 14 Frult and Vegetable Review. Today's market veport on fruite and vegetahies. compilsd Wy the Market News Service, Bureau of Agricultural Fcone N Arp! Jpplies ate dy: Virginia Turke e, young, 40242; 20230 me Uheral: demand hushel haskets, varieus varl tow Grimas 1.00a1.50, according to quality and con Afrian Cabbage —Supplies very mand meoderaie. market 3teadyv; no &00d Atock on merkat: Virginla. barrel rratee, Copenhagens. poor quality and rondition, 1.00. Crntaleunes mand noler markst rado, Pink Meats, fuinho $5a75: 85, 85290 1< and 12s standard fate <« 2nd 15e Salmon Tints nd.rde, 38 And 45, few sales 3.00: jumhn, 388, 3.25: Cola rado. standard ecrates. Honey Dawa. :nfxv size. 1.5042.00. mostly’ aroun Grapes—Supplies moderate: demand light, market du'l: 1inst Shora Mar land, 17.quart c''max haskets. onvda. B0\ . Rodveket Niagaras, t No 1, Concords. 2150 mostly few waree. No. 1, 1,50 1500 Calfornia. tes. Flame Teka: e higher light: de wnlies iiheral: Ae Colo- fNate 1.00a1.15 aha lower: Iy Lettuee Market A ke Lettues—Supplies moder: mand light. markst slehily New York, > danen erates Te Roe ton type. ordl ouality snd condi tion. 1002125, maetly 1,00 California, crates, Teeberg tyne, 453 mostly LX) Oniene mand light, New Yark U. S. Nb. ;A weaker, Supnlfes mao markst slight! 100-pound ennke Yellow, 1502175 moart 100.ncund saoks, 200, Hieral \ wte: de S Anlcep: 1, Supplise ari W RS damand C Virginia svivanin tinal candltion. 1.00n1 00 size, 1 0Gn 107 Ao 1 avivenia hnthe hasekets large alze. 1.A0 Peart—Sunplies aloo. marker dull calfernia, hoxee v oand Pann e maderate: demand Wach'ngton and Rartlotts Thak.0n modarate ket firm g moderat A 0-ponnd S. Ne. 1. 4.6524.75 Swest potatoss Aemand s and North Ci barrels. vel aize, 3.50a3 aize, 2.00. Corn—Supplies moderate: de mederate, market steady: homag: aeked. per dozen sugar.corn. “ta’ Cucumbers—Supplies moderate: de mand Hght, markaet steady: New York, hushe) baskets fancy. 1.00a1. Pons—Supplier moderate: démand Mght. market steéadv. olorado, 50 pound crates. Telephone, mostly 7.00 CHICAGO LIVE STOCK MARKET CHICAGO. September 11 (United States Department of Agriculture) Hoge—Receipts, 3.000 haad: generally ateady. top. 1440 bulk. 210 pounds. 14.00214 35 faw males desivahle huteh ars sealing 260 1 300 pounds. 12.'3a 13.00; most packing. 100081195 few Nghtwelght 1a shippers. 11.50: heaviea Aownward to 250 and helow: hulk, de alyahle slaughter pigs. 13.00a13.50 shippers took 1.300. estimated hold avar, 1000 heavvwelght hoge. 11.60a 18.50. madium, 13 . 13.25 a14.40. Ught Jight pack fng sows. 2.3a11.30 pigs. 12.50a14.00 Cattle —Receints. 1090 rared waek ago fed steers. 30 to 73 higher: in-betwean heavise <howing vmazximum advanca: graseera and short fed. 45 10 50 up. best vearlings. 11.50: 1,500-pound steers. 11.°5. heavy cake- fed Texa 10.10: bulk rorthwestern grasaers, 7.50a8.23 weatern grase run, largest of the season: grass ve and heifsrs predominating {n western run 50 1 75 lower; all cuttera and bulls, B0 lower: vealers. 1.00 lower: siockara AnA feaders. 15 10 26 up. week's hulk prieas follow: I*ad afeare slaughter stesrs °5: mtoekers fat cowa. 3.00a5 vealars, 130014 00 Sheep—Receints. 4000 head ,load natives. upward 14.50: week. 7.100 direct and 257 doubles from feeding atations: tai lambhs. cul natives, sheep and vearling wether elosing 25 to 80 higher: feeding lambs 16 1n 25 higher: weak's fop fal range lamba. 15.25: fat native lamhs. 14.90 fat vearling wethers. 1200 fat ew 7.25: range feeding lamhe, 15.00; bulk. fal_vange lamhs. 14 1.10: natives. 13.74814.25; cull natives 10.00a10.50 fai vearling wethers, 11.00a11.50: fat 700 range feading lambs, higher cloth-ton . some m . inm ungradad come small nd en. «aughter haad: com SHORT-TERM SECURITIES (Renorted he 1 & W fAdirond P & 1 © Alnm_Co. of Amer Am. Tel & Tel. Co Copver A Ansconda Copver A A N R Chi.. M1 itv’ ot Lyon 8a Columh. G & E Coptinental 6. & E o 100 R_ 5 o & Co w York Tel 2. regon Short Line 44 1090 nna R R. 48 1031 Ta 0Nl Cn Wigw 1933 nclasr €. 0N P € R R i o " 108 i an s o oo ns 04 . 10 . Blye 1098 s 1 1 i 104 % 1 selling ! This 1is in potatoes 40; 1.00a1.0: | 2.00. tew fancy faney. | BY WILLIAM F. HEFFERNAN. | NEW YORK. September 11.—Te- {':4\; two-hour session on the Curh iXchange was a typical ending of ;h_t Wweek, characterized by highly rregular price movements. in which the selling side predominated. The '!'eal:lwnnry tendencles displayed | throughout vesterday's session were even more noticeable, many traders '2kinz down profits where they were accounts for over the week end. YORK, September 11.—Fol NEW ket today: Sales in NDUE M INDUSTRLALS. Asro_Sup M1, 3 ATn"Pick Bartvic 2 Amer L vie 11 Am 6, Am m m Am ™ § m_Superprw WriP n vie 0 & Ele ubura Auto (o Firay Klvn City TPV rERn 7R, 2 Gen ent 3 Neuirm Six Fin "%, “da2s: | KA o POy o a mmans ik O 1 Gobel A it Razelting T Riren O 1 Anllander R; Wi Cor P 11 T Gor A 113 o1} Kesatn Solaf » 2 Ty e DY at v Mohawic Valn'. 3 2 Municipal 10 Musie M 2 Nar 2 A Northa Paw N 1 Pue 311 Roter 24 Ponn Ohio Ser Ohin < ut Lamh € "wble i te Bk A Rand Kard By 2 Rao Mat T Rew Mot T e Mo 18 Ricken, 114, Sate € R o n Toh Prod Export TAAA Shin i Whesling Stae! R T A I Satea in MINING ©TOCRS hund: ade Tk, Glam e 5 Reavar Cong 20 Cainmet Cabhlers, | LR Avmant Mining AR 1] o N ne 102 10 Snearhasd Gold Frighas no Baimant W Verds Pxi 10 Teah Anex 1 Wanden Con DENT O, | 3 i Con i 3 Cotumbia #vailable. preparatory 1o evening up ! Jowing is u list of honds and stocks | traded in on the New York Curb Mar- | THE EVENING STAR. WASHINGTON. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Warner Brothers Pictures. which were prime favorites on the day pre- ceding. continued active and higher most of the session. The 633 per cent notes steadied around 118 levels, following vesterday’s rise of more than 9 points, while the junior shares gained another point or so when they crossed 55. A - Celotex was a weak spot among high-priced specialties, dropping an- other 6 points on top of the 7-point decline vesterday, when it changed | hands at 175, 2 Cone Rogal n b ® 2 rAERr =100 dr 2w F255a5e 8 wD0 SoRa3inolnadD3 20 o) L & ANV Oil . 10 Ohie, Fel » Cor” IS 4 m ey o R Tide Wat Oil of 1 Venezuelan Pet . 1% ninian. ot n Bo3atERodna Bt atontnl FREE RiAS FEREERRSSR 2§ B 13 B Duin i 1 18% Anelo Am O . Mg, 7314 700 (aabr eh 800 Continent Of! nw A% 1630 B Gt &R 4R 70T P T sl 13414 ] e - F3 Raneae %00 8 A Kaney 34008 B X YT A00 Vacuum 0 BOXDE & FI A - SRIITLRRZTLIE e Salen in thousands. e 208 SPE 3 3 390° 2073233 300. 32333 R a2 3R RRBRRB-33 337 ntaner € A $e'y] B o 22237 =223 BoD33IPIZ D=3, 232233232323233332 o g & o 2952 930 gt 2 110 a0 A AR 209D DI eI 285w as 9o: s 3 T & R Ak G TAR € R144 '3 o e 3 aA1G ' gb B2 B 9= 002205500320033 CEFEREETEPRboRbERE: 3 te N G hod B2a T F D Blae A S Tanieh Paw A A Tomen Tne o LR b 29020 >20B2LPBHDIVY! 23a B3R Car EPM A13a0 1 11 0hin PAw 43580 1R Ohia PAw Ra R 1 Pann PALAD! 10 Phila EP & S Partar F K Pa. 3 SONT Alia 1 Pure 0 € G155A 10 &arvel iy s e 4 2101 " 108 Warnar Bro 8138 119 1 Wept Penn’ An 4 1001 1A Westine B M 381001 Saten in FOREIGN BONDS. thousande 20 2 © Treerariy s 76 Tike. L 190% Shipments fold-finlshed steel | burgh distriet those tor July. and new hookings of bare in the Pitta in August excesded Production fs at 20 per cent of capaeity. | RY STUART P. W Spactal Disparch ta Tha Siar NEW YORK. September 11. Tha atock market of the last waek has lvan np 1o the traditien that what- aver may be the coursa of prieas heforehand, things ara apt 16 ha nn- certain after Tahor day. In former times a big Summer bull market need 10 gar inta trouble bacause of {the crop moaving drain and it often “vlnponqd in eonsequence that prices {went down in the last three weeks | of_September. This was hefore the astablishmeant |nf the Federal Reserve. There is Inn reason now 1n anticipate money difculties. Still. aven under the new hanking regime Septemher ham |heen an unssttled month: that {s, BST, ‘| where there has heen a speculation or the rise praceding. A comparison of prices showe tha more declines than advances have nccurred than A week ago. This has | not heen due to any change in sent! ment. It has simply been In the making of a natural reaction. Stocks ave heen for sale on the upturns but they have been the Adaclines This is the sort aof condition 1n bha axpected in a pro- fessional markel whera the big hold- srx are in no hurry to lat go. hut are ready to draw down some of their profite when occaston offers. Raill Campaign Wanes. the publication of the July | traMe statements. the ecampaign in | the van shaves has loat the incen tive It had up 1o a fortnight ago. Wall | Street. however, is looking forward 10 | an unusnally prosperous Autumn for With the carriers. and is basing its longer | range calculations accordingly. Positive signs have appcared of the ! turn for the better in the sugar trade, | dus 1o the fact that deliveries have Leen completd on the ald crep. and that the market knowe the worst. Still, the annual statements have (o be faced and these. for the most part. are not likely to make pleasant re inz. The rallv In the sugar stocke was seemingly due more than anything else 10 an oversold condition. Much discussion was arousad by the report of the Federal Oil Conservation Commission. appeare | Six vears' supply of oil in sight. This was not looked upon favorably in the market for oil shar The hetter- | financed companies can develop new | production sufficient to avert a short- ! age. but the same is not true of the | companies which are not so well situ- ated Another queation which has become more prominent s the Increasing supporied on | in which the statement | that there was no more than | STOCK DROPS EXCEED ADVANCES| IN POST-LABOR DAY DEALINGS. | This featura wae stressed hy tha Willva-Ovarland president in an in- terviaw which was fallowed Wy a substantial eut in prices of Willya- Overland care. The idea of keener ~ampetition has been raflacted in tha moter truck shares more than it has in the stocka of companies doing mainly a passenger car business. The trade raviews Awell upan the esntinued gain in the preduetisn af steel and the outlook for a geod Fall businese. Tt appears 1o be true, as | 1t has been all along. that an un- precedentad husiness velume s g6- ing on threughout the eountry. But an this subject the usual da such as raflway fréjght loadings and hank clearings, are apt ts be misleading. The business total {a extremely large, but it is a total which is being handled at law prices. Dun's price index for Septemher 1 showed a |trifling advance after aight months | of ateady decline. But the general price level continues to he consider- ably helow that of s year ago. and the early Autumn of 1925 was cer- tafnly not a high-prica perfod. Foreign Exchange Steadier. No predictions are worth while re- garding forsign currency movements. They are 166 much subjected to polit- iral’ changes. Still Franch, Belgian week In succession acted | wers heing stabilized around the present leval. without any desira to bring about much of a recovery. he. cause this might he injurious to busi- ness. vet with a determination to creats confidence in conditions as They are, Quite a sharp run-up oceurred the ltalian lira after there had been more time to grasp the significance of the Italian financial program calling for a veduction of 0,000 000 it they | lime in the paper note circulation. This | was accompanied by increased aeti- vity and betier pricea for [Italian dollar government honds No change has occurred in money rates. hut the investment market for | the higher grade issueés, which is at a standstill, eontinues to reflact the opinion in financial circles that if money does not work higher, it will remain as it in. The bureau report for September 1 gave the cotton rrade a shock when it revealtd a probable crop of { 16,166,000 baies. Thit was quite a hit ahove the average private esti- | matas. The surprising feature was | that scarcely any reduction occurred | Auring the fortnight from the middle af August, which is usually sne of the most critic of the A0 competition in the automobile trade. | harvest season. and I1alian rates have for the second | il IFALL GIVES SPUR T0BIG INDUSTRIES : Effect of Labor Day Holiday More Than Made Up in In- creased Activity. BY 4. C. ROYL The lLahor day holid: cut deep into the commercial and industrial activity of the country this week, but the time lost will he more than made up through the rate of progress now being maintained. The Summer holiday season now has been brought officially to' a close and movers and real estate men are actively engaged. in consequence Sales of turniture and household equipment. including draperies. ecar- pets and similar goods, have taken a decided jump in most cities. This is specially noticeable in aluminum ware. electric refrigerators and ofl burning heaters. With the opening of the schools dué shortly, the stationers and book deal- ers are approaching their busiest sea- son outside the Christmas holidays. Radio Dealers Benefited. Dealers in radio receiving sets and supplies have hegun to notice a re- covery from the Summer dullness. The machine tool manufacturers are well accupled, indicating a sound basis of activity in the steel, automobile, farm machinery and raiiroad equip- ment lines. Considerablé work also is heing dsne in w England in adapt. ing to ather uses old plants. most of which have haen engaged in produc- tion of textiles. The papér millt of Canada and the United States Are working at top speed and it still is a question wheth- or contracts for news print now in force will be sufficient to meet the needs of consumers during the ra- mainder of the vear. hetter position as regards profits than even in the banner vear of 1425. The gains have heen almost sénsational in aome At the Southwestern territory. while the prospects for the Northweat sarriars during the remainder of the crop moving period are excellent. Moré Coal 1s Moving. Coal Ix heginning to mave in great ar quantitias, although the retail de- mand has hy no means become fin aistent. The gasoline consumption rate is expected to decline slightly f+om nhow on. but the days when tar monthe have paseed with the nopularity af the closed car. Aetiv ity in drilling has not shown anv signe of reduction. but gzasnline atocks are not piling up In alarming amounts. The automebile industry has entér 24 the Fall season with avery indl- ration that a vacord production will he turnad eut hefore January 1. This means that the stesl, lumber, textile anA non-farrous metals nroducers can count upen a atable demand from the ! mator manufacturers and ean make thelr plans and arrange thair sched ulas af production aceordingly. The sieel mills are ranidly making up far the holidav lay-off of many of {thetr werking men. and these which dancnd on inland Waterway transpor- tation are rushing out shipments on the lakes and rivers. It is certain that navigation on the Grea: Takes will he continued up to tha very last moment that the weather will per- mit, nat only th handle the grain earmarked for Fastern markets, hut to assura a suficient supply of iren are at Lake Eria pointa ta Al the neads of the stesl mills until the fee goes out next Spring. Meat Packers Active. The ment packers ara Aperating on A fairly stahle basis at present. and while the Furopean damand is not what they would like to see it. the foreign situation is not such as to af. fect America serionsly. Flour milly are busily engaged and are taking mere wheat than was anticipated. Wen! saler have shown the effect »t Fall improvement in the clothing and cutting use trades. : Rullding activity 18 not diminish- ing and emplovment of the bullding trades ix general at the high wages previously paid. . Three Hurt in Tornado. - BEAUMONT, 'Texas. September 11 (#)—A tornado struck the Spindle Top Oil field here late vesterday. overturning 28 derricks and causing i | age is estimated at $30.000 GERMAN BONDS AND STOCKS. o I ¢ million marke ! Quatad in dollars per m K G Gt e o e 4138 0 B Aa Rorlar mer thonsand marke ) a e SRRl e o Gon T¥iae 4130 101R arlin 4s pré.war Amh A 3148 & 4 pra-w | Ramhurg Amer Tané £13 I North German Llosd 41y | Norih German Tined P s Xrupn e 1821 .. ... uassldort 48 pre-war ‘rankfort a-M 4a pre-war. Munich 48 nra-war Radische _Anilin.. . %G I Ger Ga Elec Commers and Privat Disconte Gallachaft Dresdner Bank . . Deutsche i Darmatasdter Bank Mereur Rank Vienna Heovden Chemical. uat A E G (Gen Flaci jerliner Handel . MOVING Vo | | rusaian Consnle "Bank Siri3=222232222 07" 333333333333335 | | Gt © Fire-Proof ! Warehouse H Stor ; 0 | b, rage, Moving, Crating 10th M. 4220. Frank. 3. L f‘f’.i..“ o CTORAG - Cu (CRENN A n _cheerful DSON L?" iy ne Narth 4ns T e" LONG DISTANCE MOVERS _ GHITH'S TORAGH CRATE AND PACK BY EXPERTS 1313 YOU STREET, N.W. PHONE NORTH 3343 “ NATIONAL CAPITAL STORAGE AoVt Storage Household zoods. 500 Rooms g e Movin, 438 You St. N.W KRIEGS»XPRESS "‘v"'tn PACKFR Modeinie Rates. & 5 MOVING STORAGR PACKING SHIPPING s N Main 2010 The rallroads as a whole are in a | thers was a sharp slumo in the Win- | ! minor Injuries to three persons. Dam- I EVERYMAN’S INVESTMENTS | | RY GEORGK T. RUGHFA. Second-Rate Utilities. Asxide from the highest grade of utility bonds. which were discussed in the preceding article and which-are of interest to comparatively few in- vestors, there has been in the past year or so a great outpouring of util- (ity obligations higher vielding, but for one reason or another not command- ing &0 high a rating. Sometimes it is the unsecured obligation of a strong operating company. This type is com l.paratively rare. Such utility organiza tions are able to finance by selling stock, preferred or common. Soms- times it is the obligation of a holding company. When these are liens on bonds of subsidiaries they take a higher rank than when protected only by stocks. In fact, a bond falling in the latter classification is the most doubtful of all these utility securities. In many instances the investor would do better to buy a preferred stock father than one of these bonds. Everything depends upon the strength of the borrowing corporation and its record over a period of years. There are operating companies which have pledged common stock of sub- sidiaries as securities for bonds which have met with deserved favor at the hands of investors, but there are also newly organized holding companies which have sold bends the only se- eurity for which was the stock the proceeds of the bond sale were used to Buy, In effect the investor who takes this sort of a bond is assuming a stockholder’s risk without a stockhold- ar's opportunity to share in profits. 1t is only fair to say that bonds ef this kind have been oftered to yield a 2004 deal over the current raté. The question 18, howéaver, if the compensa. tion is suficient t6 pay for hte risk. One other feature should be consid- ered in this conneetion, and that is the matter of a market.” If a market is active and hroad it is safer to take a 1ower grade security than if the con jtrary is the cake. RN BUTTER HOLDS FIRM AT CLOSE OF WEEK Market Regains Some of Its Strength—Fall Outlook Is Good. Holdings Smaller. i By the Assnclated Press CHICAGO, September 11.—The butter markets during the week end- ing today reguined some of the | atréngth which was seén at the out- set of the previous waek. but was lost at the clese. Barring some easiness and price declines at East- érn points the day tellowing Tabor day. the market position held steadv | throughout. _ At times some firmness crept. in. particularly at @hicago, where prices advanced almost cent by easy stages. but as a rule prices experienced only minor chahges and trade held to a steady, moderate Iv active course. There were no significant chanzes or develepments \ in either supply br the demand situ- atfons. At the close of the week a | steady to firm position is indicated. | ¥rom a statistical aspect the mar- | ke1 position {8 considered good. The final fixurés giving storage holdings an September 1 are not available. 1t iz known. however. from reports of holdings in 26 of the impértant storage centére wheve ahout three- tourths the total stocks are held, that the large surplus over 1 Which was reported on August 1, has been very materially reduced. ‘The trade estimater thiz surplus in the neighhorhood of 12,000,000 pounde, wherear the surplus 6n August 1 was i more than 22,000,000 pounds. The {improvement was dus-to smaller quan- | tities heing stored in August this vear than last. Since the 1st of September withdrawals from storage have begun And compare favorably with those last vear. The production possibilities Are the unsettled factor in the situa- tino. Heavy production .during Sep- tember might result in neutralization and it i not to be doubted that such A poseibility has tended to held the market 16 a level plane. * The weathér conditions in the dairy sections remain favorable for Fall production. DRY GOODS TRADE SLOW. NEW YORK. September 11 (Spe ~lal).—Cotton goads markets auiet again today, with print cloths unchanged at 77%. for 64x60s and at unchanged prices. FOR SALE First Deed of Trust Netes Besring 639, Interest See WELCH Resltor Established 1899 15th and New York Ave. Main 4346-4347 N Laes A an Investhr in 37 Voars LOANS We will gladly rece 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 vour protection. Percy H. Russell Co. REAL ESTATE LOANS Maryiand—Virginia—Dist. of Col. & Sty nag. Ine., The Capl Fre N.W. tnsnrance BI Realty' Com | flgq‘v;‘ ki | "Whes You Need & Losn Think of Welch, Realtor . Loan Speclatist i Money to Loan At 51,% & 6% Interest | Refore Placing or Renewing Your ! P e Get Weleh's Figures Reasonable Charges (No Fxtras) I 15th & N. Y. Ave. Main 4346-4347 j======:s<=====3 Cifies_Service Company H herty D. €. SATURDAY. SEPTEMBER 11. 1 1] of the advantage gained in August | were | 874 for 68x72s. Raw silks were slnvk" 926. COTTON DECLINES INTRADING TODAY Easy Cables and Good: Weather in South Factors * in Short Session. By the Aseociated Prase | NEW YORK, September 11.--Cot- | ton futures opened steady. October. | 17.26. December, 17.43: January, 17.45; March, 17:72: May, 17.85. The market opened at a decline of 13 to 1% points, with active months showing net losses of 17 to 20 points after the call | under renewed liquidation and South- ern hedging. Tocal selling was in- fluenced by relatively easy Liverpool cables and talk of more favorable weather in the South. But after the decline to 17.37 for December prices steadied pn week end covering. This wam promoted by apprehensions that {the tropical storm reported near the West Indies late vesterday was work ing toward the gulf and might de velop unfaverably over Sunday. Pri- vate cables reported Southern hsdge selling and liquidation in the Liver. pool market. New York ecotton futures closed weak at a net decline of 38 to 44 points. J' 1‘, . | New Orleans Quétations. NEW ORLEANS. September 11 () —Cotton futures opened steady. Oc- tober, 17.26; Decamber, 17.31: January. 17.38; March, 17.52; May, 17.65. The market was eagy today in sympathy ‘with lower cables than due and be- cause of reports of little rain in tha belt. First trades showed losses of 16 16 20 points and prices continued downward, October trading at 17.21, December at 17.30 and January at 17.83, or 20 1o 22 points below yester- Aay’'s close. After the selling had run | ite course the market rallied 7 to & | points from the lows on moderate trade buving at the decline. Liverpool Market. LIVERPOOL. September 11 (A).— Cotton—Spot, falr demand: prices easier. American striot good middling, 11.23; good middling. 10.93; strict mid. dling. 10.63; middling, 10.03: strict low middling, 9.28: low middling. 8.33; good ordinary, 7.38; good ordi- Sales, 7,000 balas, includ- 700 American. Receipts, 1,000 American, 100. Futures closed Septembar. 9.40. December, 9.18; March, 2.21; May, hAles: { quist; BOND DEMAND GOOD. BALTIMORE, September 11 (Spe- clal).—High-grads bonds are in battér dsmand, according t6 Baltimore in. vestment bankers. Prices tend high- ar and supplies are smaller than they have been for some time. During the last three Aays more than $60.. 006,000 of new bonde.have heén mar- keted and in every ecase the offerings were oversubscribed. Baltimore in- vestors applied for libera) amounts, but allotments were considerably re- duced. st igms bl Your Banker Knows, When in doubt about a security consult. your banker. It is equally as much his intérest as yours to protect your savings. Vou trust him with your deposits—why not trust him with your investment probl®ms? 1 ————e; | WILL PAY HUGE SUM. | NEW YORK, September 11 (#).— | Financial houses indentified with the motion picture industry estimate that more than $750,000,000 will be paid FINANC1AL. — = Il REAL ESTATE LOANS ANY AMOUNT 51/2% APARTMENT MOUSES BUSINEAS PROPERTY RESIDENCE LOANS AT LOW RATES FRED T. NESBIT 1010 Vermor*® Avenus N.W. Main 2382 WE FINANCE ——all classes of income-producing property | Large Loans a Specialty | Current int. rate ana commission | Higbie & Richardson, Inc. 816 15th St. N.W. Money to Loan P Sacured by firet deed of trust on real sstate Prevailing intarest IN:" ka_?ml:m‘r“ Joseph I. Wel ey 2nd TRUSTS Wa have for sale gav ments. BETTER HOMES CONSTRUCTION CO. 1030 Investment Blg. We are of aur reputation for servies Shapire-Kats Realty Compasy 1416 K Street N.W. Ask for W Matn P111. hrame N The New York Life Insurance Company First Mortgage Loans On TImproved Real Estate in the District of Columbia and Nearby Suburbs in Montgomerv County, Maryland 3 Years, § Years, 10 Years RANDALL -H. HAGNER(& COMPANTY Incornorated. MORTUAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 | Hames Apartments Buying' Known Quantities That is exactly what you do when you invest in our First Mortgage Notes “Proven Safety,” “Absolute Depend- ability” and “Stability of Medium” and an assured annual return of 613%% A Year from Today Hhat will your investment be worth then? <« Orin two years? . .. Or in fivef 1o the 20,000 motion picture theaters lin_the United States during 19 Columbia Permanent Building Association 733 12th St. N.W. Pays 59, Interest compounded semi-annually Melvin C. Hazen. President Floyd E. Davis, Treasurer Clarence I. Gessford, Secretary i - i “Prompt Action. First Morigage Loans | Lowest Rates af Interast and Comminkion { Themas J. Fisher & Company, I __ 338 _1Bth Street. HOME OWNERS LOANS Up t4 8260 within o ;s 2 Srokeree. Ve i Real Estate Small Loan C 164 District National Rank Mdg. T MORTGAGES FOR SALE 6Y2% In denominations of $250, $509, $750, $1,000 and upwards, eured on imp: d real e situated In the District Columbia. SHEA N.W. ate of JAMES F. 643 Loui A RENTS REDUCED DOWNTOWN OFFICES 1313 H St. N.W. Adjoining Times Office | ROOMS $15 to $60 Fireproof Choice Locations Available Open for Inspection H.R. HOWENSTEIN C0. 1311 H STREET NORTHWEST | by the American public for admission | Important questions, these—but they create no worry, no uncertainty for the owner of First Mortgage Notes purchased through Swartzell, Rheem & Hensey Company. Our First Mortgages do not fluc- tuate—they are worth one hundred cents on the dollar every hour of every day in the year, and now yield the at- tractive return of 614 %. Swartzell.Rheem & Hensey Co., Morigage Bankers M‘I‘Sfi. Street, V., Washingion.DC. 87 Years Without Less to an Investor THE WISDOM OF PLANNING GREATLY When [.'Enfant planned the Capital to be a great city he was ridiculed for the lavishness of his dreaming. But the plan was held to: Washington has grown great: he was wise. In- clude our safe 6%% FIRST MORTGAGES A Third of a Century in vour investment planning. However great vour eventual financial attainment, their proven principal protection and regular interest vield offer you a strong, dependable invest- ment foundation. W '6!/1‘0"? a Laoss B. F. SAUL CO. Main 2100 925 15th St. N.W.