Evening Star Newspaper, September 18, 1926, Page 15

9 FINANCIA NEW YORK CURB MARKET BUTTER AND EGG PRICES ARE FIRM 51 Cents for c;eamery andy 45 Cents for Hennery Grades Quoted Today. Supplies of produce continued good In incal wholesale market today, with prices maintaining the firm levels that have prevailed this week. Swest po- tatoes were an exception, having rased off to $4 a harrel. White po- tatoss clung to vesterday's quotation of $4.73 1o §5 A sac Dealers today still cents for tep.grade butter of one-| pound prints and eggs hrought 45 rents for the best hennery grades. Fnrther hoosts in the egg prices are impending. dealers say. The scarecity hest grades are blamed for the ria- Ing of hoth hutter and egg levels. Trading was good in fruit and vegstahle lines. Apples sold for $1.25 a hushel, celery at §1 a dozeén stocks, $1 for 24 heads and sweet cents a dozen ears. i Today's Wholesale Prices. Rutter Fancy, one-pound prints, 49. store packed, 35. ~Fresh selected, 40: 5. current receipts, 38. Ponltry, alive —Turkeys, 35: Spring broilers,” 2%; White Leghorns, 24a25; fowls, 26a roosters, ducks, young, 20: old. 15: keats, young, 50a60; old, 35a40. Dressed—Turkeys, 40ad2; broil 3a38; keats, voung., $0a90; old, 404 Live stock 14: dium, 11a1? 4. Fruit and Vegetable Review. Today's market report on fruits and vegetables, compiled hy the Market | News Service Rureau of Agricultural | Economics. savs Apples—Supplies were paying 51 hennery, (alves, choice, thin, 7a%; lambs, me- | liberal, demand | slow, partly aceount Jewish holiday: | market dull. hushel baskets, Maryland and Virginia. various varieties, large | size. T3al.00; few 1.25: mostly around 1000 small tn medium xize, 30ai3; hoxes, Washington medium to large wizes, combination extra fancy fancy Jonathans, 3.0 Winter hananas, 2.3 Cabhage—Supplies mand maode market York, bulk ton 200043500, Cantaloupes — Supplies moderate; demand light, market steady: Colo- ts, jumbo fla A= to 128, 1.0wal.2 flais, 1.00a1.2 tintx, standards, 200, mostly 1%« and steady: per Copenhagens, standard flats, Jumbo fats, pstly 1,15, rate: demand York, 2-3 1 v upplies mod light. market dull; New crate ] Supplies moderate: de- mand light, market dull: Virginla. 6-hasket crates. Concords. No. 1. 1.00a1.50; Niagaras, No. 1. 1.25a1.30; Delaware, 17-auart climax haskets, Concords, No. 1 Lettuce—Supp liheral: demand light. market firm: New York, dozen crates, Big Roston type. 1.00a | mostly 100 ordinary quality ondition. low as 30: Colorado, | icehers type, 3 dozen, mostly and erate B.00. Onions Mght. market pound sacks, 200, Supplies dnll vellows, light: demand Michigan, 100. .8 No. &, Market Firi Peaches—Supplies modera mand light. market firm fo stock: Pennavivania and New Jarsey, bushel haskets. Elbertas, very large | #lze. 2004225 few higher: madium tfo large size. 1.3021.75: some soft. ripe, 1.25a1.50; Pennsvivania, sixes Iarge to very large size. 1.75a%.00: 1 mostly 1.75. Pears —Supplies moderate: dsmand | light. market dull. Washington. hoxes | Rartletts. fancy. 4.25: ¢ grade New York. hushel hackets, Rartletts, No. 1. green. 2.50 Potatoes —Supplies mand light. market firm 180-pound sacks, cobblers, U, 4.7%a4 85, weet potatoes Supplies moderate: demand light. market dull; North Carelina, clath-tep stave harrels. yel Tows. No. 1. mostly 3.00; madinm size, some wasty, 2.00a250. Tenn hurhel hampers. Nancy Halls Aing slow, 1.30a1.75; mostly Corn—Supplies moderate: demand | Nght: market steady sacked, per dozen. sugar mostly, 20425 Cuenmbers. -Supplies light: demand slow. market steady: New York, bush- el haskets, fancy. 1.00a1.25 Peas—Supplies light: demand light market steady. tolorade, 43-pound craten. telephones ponrer, Jow as 5.00; lettu 088,00 Peac de. good maoderate New Jor 8. No. EVERYMAN'S INVESTMENTS RY GEORGE T. RUGHES. Automobile Securities. the sec investment market the automobile unique position n the companies nceupy present ritiee of a Speculation in motor stocks has heen a large for | Auctuations both ways conducted seale menths past at times heing Investment interest as distinguished from the speculaiive has haen almost Of course it 1x possible 10 on violent negligible for huvers ~laim that investment was their pur- pose and doubtless in some casen 1his was true. hut even these pur- chasers must have had the possi- bility of price enhancement of their holdin always hafare them l.l\ other worde they did net bhuy pri- marily for the incame return Now the automobile trade is an essential industry and while it will have his ups and downa like every other kind of busines it is a perma- nent institution. There ought to be in Leatment opportunities in automobile securiti When we scan the list. howaver, we find that motor car manufacturing has heen financed out of earnings to a larger degree than in anv other great indusiry. Many companies have no funded debt at all Those that de ha bhonds ont- <tanding are in the minoriy The investor looking for a reason- ble return on his money is forced 10 1ake a preferred stock if he wants a motor car obligation. Here the Yields are liheral. ranging ax they Bn from around & to 7 per cant and sver. The explanation of this com- arativelv large return lles in the art that the antom busines is rnm-el_\ competitive and that there never any assurance that the lead ere In the feld today will he able to ‘hat position tomorrow. Par- teularly with regard ta of antomobile stocks passenger care the public fancy is fickle. The mafest course for the investor who wishes to huy the preferred stock Af the motor car companies then is aither 10 apread out his risk by tak ing a few shares in several corpora 1iana or to confine himself to those which have the mare varied sutput and so are less likely ta he effected by ehanges in demand | E . Reinforced concrete. such as need in ted for ‘he Umited States. is heing highways in France. { 0N rose + ot | el O rn I 07 | Routheastern Power and Light. Received by Private Wire BY WILLIAM F. HEFFERNAN. | NEW YORK, September 18.—The Curk Market today showed a decided | improvement, but not hefore further selling had carried prices down in | many instances helow vesterday's clocing quotations. Independent ofl stocks were in ac- tive demand, although there was noth- ing new in the ofl trade situation to, account for their strength. Red Bank almost 5 points. Reiter-Foster was bhid up sharply, reaching 19, where it compa with last night's final of 15%. Cleote Syndicate was actively bought at fractionally hetter prices. | The market for Standard Ofle, while for the most part higher, did not com. | YORK. September 18.—Fol- lowing is a list of honds and atocks traded in on the New York Curb Mar- ket today: Sale: I P 2 Ala Gt Sout % Ala Gt Sth pfd 4 Alum’ Co new n 1 Am Cigar.. 2Am G % TN o & T, vl Raven Prod Seating nfd. Ve D 2 2 > 3333333 2222022, 3 A ockway Moi 0 Itn City R R Tuloid Co.. .. Celluloid Co pid elotax Co. ... Pin Cor G Spring & B i Nip A : ‘ol 6 & Fonwi ‘0l GAE n of wi ommonw P C n omonw P n pf nw PCow w0l G onsol Curtise 23339 H 29 ) a9 Balt n Laund . . Aero M. Bond & B & Sh Tnvest Inc. .. e St Shovel Ester Welte Cn i Ester Welte 2 Fakeol Mot Cn 4 Fanny Far Ini 1 Film Intpee M Can 4 ey 'y Ford Mot 2 Foundation F A 1R Fox Theaters A 1 Frank H;‘ Mt 33 Frank HH MC pf 22 Freshman. Chas. 1 Garad_Corp . BGen " Bak 4 7 Gen Bak 2 Gen Flee Ger 9 Gillette & R . 1 Gien Alden Coal.. 2 Grifith. D W ‘ .5 A Grimes R & C 7 Hapniness © & 4 Hercules Pwd pf 11 Ind Rl;_vo Cor A ey o m0n = mamB 23 RSP, = A ntern Util Kroger G & B Co 17 h Pow new h Val C ofs ih R Ch_Stre Mohawk Val nw Municinal Serv Radio N R 15 20am 2e5T e o 244K SRR Rak askel new P&L T4 nil Std Co Mich Rron o il g e P 4% =g 24 Northe Pow n 1 Ovington Broe 1 Pac 1l Roiler. & Penn Ohio_Sec % Penn Wat Pow '€ 168 b Peon Drug Store 331 ¢ Pitts_ Pl Glass. . 200 1Pue s P gl 23 1 Purity Bak & 0 481, o Purits_Bak otd. 988 Rand Rard Bur n 43 Rkiyn 208 20% N P e SR A SR Sh D M RBABL S B AR IDID IR II IR FETE 2w IS Ra B RS R Fes Roa s Suta 3203 10023838580 384550233 93 ————ZwwSa-m —woa-3ic 1 Seaman Hron . 1 "Corn e T & L ew 208 PA L nni a0 13y Sian GEE nr pld 104 § Siand poh € K0T 2 Stranck & Co TSty Mot Wit init e G 104 188 461 S0 1y Travele: % Tune Sel Lamp i Tunk Sol Lamp A ni Biseuii B °tm 6 Imp € ai i 1t & P n'A AU e ik HEn 3Vie Tall Mach 6 Warner Bros Pic Sales MINING STOCKS, n hundreds 30 Ariz Glohe € | Reaver Cons Eng Gid M Lud | 407 Falcon Lead Min i Golden Center M 280 Hawthorne M 1 0o 80 I R P33 SRalnide 1 Ohin Con 000 2 Teck Hughes Tono _Belmont 3 Umi Verde Fxt aTtah Anex Sales INDEPENDI i hundreas. 1 Am Cor 1Am 11 Ark N 3 Carih_Synd DI Serv new Sery ofd 1 Cit Serv B B pfd olimbia _ Svnd. . eols Synd 4 Crown Cent Py ? Fuclid Oil Co 3 Gihson 01l Cor Gilliland O vie & Gulf Oil of Pa § Lronarg "oil Cion 2 LiVingston Pt 10 Nax = Mount ow Mex land * Oilfields acai Co aman SEE E RS = 120D iaben—nm o B a R A + s iws : Reiter-Forter Gl Roval Con Q&R Ryan Con 2 Salt’ Ck 5 Tidal Ou 40 Tide Wal 1 Tide Wat 01 nfd 5 Tenezuelan Pt Warner Quinian Woodlex Pet new 307 0N Sales STANDARD OIL ISSUES in units | 30 Buckeve P L E 1100 Contin O1l 0. 200 Cumberland P L. 731y 100 Gal & O nid old 60 Humble OIl & R. 8% 100 P L 138 100 Ind P_T. LBR 1500 Inter_Pei € Lid 100 Nat Tranait 0 Ohio Ol .. 1. 00 Prairie 0 & 61 50 Prairie P 1. 12008 0 Tnd 100§ 0 Kentucky 135008 0 N Y 300 Varnm O RONDR | | 1800 Am 3 Am 13Am Am El fa 1001 @ Lt fs a0t ng As. 1001, ann g al P < 1067, 00n, | 33290: >30000omo0-90 oy re | a5 330230222V IRB332038! 3R Gatinean Pow fs DA | New York Stock and Bond Averages. SATURDAY. Sentember 18, STOCKS. Tot Twenty industr net gain. 108, Righ. 1926, 1 Twents raiiron net gain B Th. 1976, 126.52: lew. 105.88. Rich. BONDS. osTotal bend aales (par i en Arst-grade raile averazed 91 net Toss. .05, Ten secondars r: eraged e '7’. l::lh"' ntilities averazed 94.15: et Tose. 8. h'".‘ i averaged #9821 ehanged. 'Cambined averare. PA.07: net less. JAveraged, menth are. | City v s | Do | Phitaa, Do, | Columb. G. & | Continentai G TAR. WASHINGTON Direct te The Star Of mand attention as did the indepen- dents. Prairie Ofl & Gas and Humble Oil were favorites while Standard of Indiana and Standard of New York displayed hetter support. The 7 point decline yesterday In Warner Bros. Pictures called for some sort of a technlcal readjustment of the price level and the price rallied a point or %0 with comparative ease. Public utilities were active and hetter prices weie reached by Common Power and In the bond division, Pure Ofl §lzs teatured the ofls with a rise of '3 point to 10313, Cudahy Packing 5s moved forwar almost IMlinois Central 4%s and Public Service 138 were weil bought. rand Tr 81 ult 0 Corp moDNS £355e= e anit Po Bles A ard P C @s A & Coiian Y Sales in FOREIGN thousands. 1 Antioqua 78 A.. & Antio 7 Bagen 6 Buenos A Ts /% Ruenos A Ta 1% Rusnos A Denmark secer alan_Puh T £t o 238222333 S 223330992333 290333009 =22333388-=23 233222833553:33 5 PELNTESET PEE S3F2223535 - MUCH MONEY SPENT. ST. PAUL. Minn., September 18 (Special).—Maintenance work amount- ing to $36.000,000 has heen done by the Great Northern and Northern Pa cific this vear, the greatest sum ever | | expended on road improvement. There heen practically ne extensions . CHICAGO STOCK MARKET. CHICAGO, September 18.—Follow- ing is a report of today's sales, high. low and closing quotations, at the Chi- cago Stock Exchange: Sales Close. Y o Tos, a8 " Pt 1130 Auburn Motor 500 Balaban & Katy 100 Beaverboard A 0 Beaverhoar vid. 100 Bendix 1400 Bore & 45 Ritlar i Sooom-, 535825 58383335228 353.7 jpental * Moi & Co nid 3= Ve nid. . Mg otor. e Brick. .0 N Tl ot Sa32 Siaou3! D SizwndI— BIDTo_eu: ue uxD 2RS35 ) 180 280 P = S A IS D DRI DA DL 33D DB a D3 P2 REELE et TP SRR e ~ lic_ Ser: eal Silk.. . tew Warner.. R S R R SRR AR RO N A RAR AR IS 3 = »as0sa: BRR2535 2330532 naiI DD B pron J R Tnion Car & Car n Iron Work PR DT R DDEID 33XLR32353Z R I55 SEE i 4 Baism e saen Sae LD b 23727 3 14 21.000 shares. DIVIDENDS. ». E Ahumada Tead. Do 00000333000000000000% 03 Ark € Pwr pt. Bavuk ¢ Ta’pt Do. 24 pf conv’ Do, A2’ pi i L"._.'. - ie € Liqnid l'lrbonlr . Magma Copper. ok & ‘P of. Newton Sisel Do d anmanal TlEe elphia Co, . . Pronh = Bri Do. pf.. Z Rand Kar Bu ine Do _pf S Univ P Co A% Un_P Shar Corp. -~ U S Indust Al pf wa W pr " 5 000007 > » » amza Wash W Pwr_ White E 0 & Ret 213t 321383388282 200 50 SHORT-TERM' SECURITIES. (Reported by J. & W. Seliem, | | Adirond. P. & I.. € Alum_ Co. of Amer. Am. Tel & Tel. Co Anaconda Copper As 19! Associated Oil #s 1938 Baltimore & Ohio s 102 Bell Tel. of Canada 5s 195 Can. Nor. Ry. C. 4l4a 1938 Ceniral of Georgia s 1990 Chi. Mil. & St. P As 1934, City' of Lyon s 1934 22 2333353 Fisher Bodv Corn. e 10 Goodvear T. & R Great Northern 7 ol Corn 33352 = peE F& R Oregon Short Li Penna, R. R Pure ‘01l & Sinelair €. Seu. Pac Swift & €o. Sa Lrnien "Oil of Calif, bs Tnien Pac R R C United 1. & P, C. 8 [ & Rubber &lay 1 T & Smelting Co. 31+ Wisconain €. R. €. § TREASURY CERTIFICATES. (Revorted by J. & W. Seligman & Co ) ~—Close —. 2333333233 o 2933333550 22235223332533 23! 22! 2099323309333 7 3333999 233335 323 N 33 | 32233333 Government telephone lines in Bra zil are heing extended tn the borders of Uruguay and Argentina. 3 points. | NATION'S PAY ROLL GROWING LARGER Ptblic Has Money to Spen i as Result of High Level | of Employment. BY J. C. ROYLE. | Spacial Dispatch to The Star. | NEW YORK. Septemb | gurest guarantee of continued busi- ness prosperity now in evidence lies {in the general volume of employ- | ment. Workers are more generally engaged than at any time in years and at high-wage levels. {that the public hax money to xpend and, barring unforeseen contingencies, will xpend it. - The automobile industry and the markers of parts and Acceasorfes are gradually adding to their pay rolls. The steel industry ix not taking on many men, but it is not laying off workers and has held many that normally go to road construction johs At this season. The highway im- provement projects are taking on every avallable man in many sec #ons, employing not only unskilled | workers but rock and concrete men. Twenty-five of the largest indus- trial concerns in the Cleveland dis- trict have increased forces this month, or are preparing to do so, and employment in northern Ohio is at a higher point than at any time since 1923. Wages for common labor there are the highest since 1920, with an average of 44.9 cents an hour. Construction Contracts Large. Actual construction contracts let throughout the country are far ahove those of this time last vear. and the producers of building materials are well engaged, although the peak of lumber demand seems past. Winter logging operations, howeve have started in some sections. Price changes have heen few and within a narrow range. While another new England textile concern, the Connecticut Mills Co., which employed 1,200 at its plants at ‘Taunton, Fall River and Danlelson, has announced it will move its ma- chinery South, the New Fngland tex- tile situation undoubtedly is improv. ing. Orders of Pacific mills are run- ning over 300,000 pieces a week, it is reported, the highest exception, since 1922, zoods prices do not slowed up sales. are well engaged. Reports from 14 leading factories in Lansing, Mich.. show 14,018 men em- ploved as compared with 12,843'a vear ago. The Philadelphig Fall building campaign calls for expenditure of some $25.000,000. much of which will be paid for labor. Metal manufac- |turers in the Philadelphiw district have made large employment gains, as have hosiery mills. Notwithstanding the favorable fac- tors now apparent, such as the Rrit- ish coal strike and the approach of the Winter retail-sales season, the situation in many of the soft-coal flelds still is unsatisfactory. Ol ix in a splendid position, and ax a re- sult_exploration activity s on the increase. Shoe Trade Quickens Pace. The shoe industry, which had cur- tailed operations for a time, has put on more time and increased output to keep pace with sharp Fall demand. Thousands of workers are finding Jobs In the canneries of the Middle- west. The Influx of returning har- est hands, which flows into Chicago each yvear, ix being delaved by the lateness of threshing operations, hut workers who haye come in are heing easily distributed and absorhed. The South ix extremely active with industrial plants throughout Mary land. Virginla. the Carolinas and Georgia opera¥ing at high rates in most lines. Preparations for the Winter season have resulted in re. newed activity, especlally in construc- tion lines In Florida. Mississippi, Louisiana, Alabama and Texas. These States, with Oklahoma, will furnish employment te thousands of cotton pickers this month. Mining opera- tions in Coloradn, Utah, Montana and other intermountain States have join. ed with agricultural products to pro- duce a high per capita buyjng power. Peak activities are prevailing in many of the fruit packing plants of California, while the cotton, hop and grape crops will require thousands of pickers. There s little surplus of labor reported in Oregon and Wash- ington. where seasonal agricultural lumbering. canning and mining opera tions are in full hiast. WHEAT HAS SETBACK; PRESSURE IS MILD the Assoc "HICAGO, September 18.—Selling of December and May deliveries of wheat by commission houses with Eastern and Northwestern connec- tions brought about another sharp drop in wheat values here today. Buy- ing power was lacking at the outset, with only a moderate amount of pres. sure. After starting 4 to 14 lower, wheat underwent an additional de- cline. Corn, oats and provisions fol- lowed in the wake of wheat, opening % to % down. and subs quently suffering additional losses. The wheat market was nervous un- der the selling and jumped or fell fractional points on all sorts of ru- mors. World's wheat shipments this week, exclusive of North America, were placed at nearly a .million hushels less than a week ago. ralia were sald to be furnishing nominal quantities of wheat each Offerings from North Amer- jea decreased, owing to the prolonged firmness in freight rates, but a check- up of vesterday's bookinga showed more room was taken than in any one day for some tige. The total was for ahout 200 loads. Better Canadian weather and the break in Winnipeg vesterday gave values an easier undertone in Liver- pool. and weakness there was more or less reflected on this side of the Atlantic. Advances seem o have The southern mills 1 . FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks . Foidvalue London. pound. .. ... Momtrens. " dolar. 1.0 Paris. franc..... bl russels. franc. 1 rlin. mark Rome. lira Zurich. thens, drac Aadrid. penet Vienna B oalo” Stockhotm NEW YORK. September 18 (#).- Foreign exchanges steady: quotations in cents: Great Britain, demand, 485: cables, 485%: 60-day bills on banki 480 1516. France. demand, 2.8 cables, 281. Italy, demand. 3.62; cables, 3.63. Demand—Belgium, Germany. 23.8113% Holland. 40.0215: Norway 21.91; Sweden. 26.73; Denmark, 2 Switzerland. 1932 Spain, 1 | Greece. 1.19%2: Poland, 113713 | Czachoslovakia. 2.96; Jugoslavia. 1.77: Austri: 14.12%; Rumania, .5 Argentina, 40 88%, Brarzil, 18.2 Tokyo. 45.68%: Shanghai, 67.81Y; Montreal, 100.14 118, crown 18.—The ! rate, with one| in| Argentine and | D.. C.. SATURDAY. SEPTE URRENT REACTION IN STOCKS USUAL LATE SEPTEMBER MOVE mmodity Prices Are L;;. With Condi- 4l tion Notable in Cotton—General Busi- IC 1 Co MBER 18. 1926 ness Still in Large Volume. , BY STUART P. WEST. Special Dispateh to The Star. NEW YORK, September 18.—Look- ing back into Wall street’s histor: the observer will note it is very sel- {dom that the last three weeks of i September have heen a period of ris- |ing prices. Ordinarily in this intervi {a recation occurs from the spectacular | operations of the Summer. This seems his meann i t0 be what is happening in the present | prices on the average as low instance, Professional Wall street interests {during July and August hid up prices and trigd to get an outside following. Here ahd there they succeeded, but for the most result was first a sagging movemen and then. as the market hegan to give wa. tive issues, The favorable features in the situa- {tion are the extremely large general | business volume throughout the coun. jtry, as attested by such accepted data a8 raflway car loadings and hank clearings: wecond, the easy credit con- ditions, and third. the improvement in the economic situation abroad, es- pecially in the countries of Central Europe. The features which are not so fa- vorable are the comparatively low level of commodity prices, the keen competition coming into important lines like the automobile industry, and the approach of the congressional élec- tions. in which the discontent among the farmers Is likely to he a critical factor The cotton raiser, except in the { more fertile sections, is in the same I position as the wheat grower three years ago. He cannot get the price level high enough for him to mak money. This is a circumstance which COTTON DECLINES; DEMAND 1S LIGHT | Prices Break 11 to 15 Points as Southern and New York | Traders Sell. the Associated Prese W YORK. September 18.—Cot- | ton futures opened steady: October. 16.20; December, 16.40: January, 16.51; March, 16.72: May, 16.30. The market onened steady today at unchanged prices to a decline of 2 points. There was a little trade huying at the start and probably some covering on the tropical storm situation which was expected fo cause rains in the South Atlantic States. Demand was limited, however, and ! the market broke to 16.27 for Decem- ber contracts by the end of the first hour, or.ahout 11 to 15 points net lower. Selling came from the South and local traders. who appeared to | be influenced by increasing confidence | in larger crop Agures and a rumored estimate of around 15, one of the local trade authorities, Liverpool Quotations. LIVERPOOL. September 18 (#).— Cotton—Spot quiet: prices easier American striet good middling, 10.57 | ®ood middling. 10.2 Yy middling, 97: middling, 9.4 low mid- dling, 8.67: low middling. strict good ordinary ; good ordinary, 8.02. Sales, 5. hales. inclunding 2900 American. Receipts, 13,000; American. 39,00, Futures closed | ateady. September. 8.85; October, & | December, £.73; January. $.77; March, 8.84; May. 8.88: July, 8.86 CHICAGO, September 18 (United Hogs—Receipts, 3,000 head: {1y 10 to 25 lower: light narrow demand: heavy and packing sows, as well as averaged under 180 pounds, showing full down- turn: few desirable 220 to 280 pounds, butchers, ahout steady; top, 13.60: bulk, desirable, 160 to 0 pounds weight, 12.75a13.60: latter price pald for selected 210 to pounds weight; few 280 to pounds butchers at 12.25a12.85; extreme weight hutchers downward to 11.60: bulk desirable packing sows, 10.50a11.50; few light weight, 11.65a11.85; heav down- ward to 10.00 or helow: supply of good and choice pigs negligible: shippers took 1,000 estimated holdover, 4,000; heavyweight hogs, 11.75a13.4 um, 12.90a13.60; light, 1 light light, 12.25a13.15; packing sows, .85a11.85; slaughter pigs not quoted. Cattl eceiptz, 1.000 head: com- pared week ago: choice steers and vear- lings, 50 higher: lower grades, stea te 25 up; qualitied stockers and feed- ers sharing advance: receipts largest | since October, 1925. hoth locally and {at the 11 markets: Western grass run {at 20,000 largest of season: fed yea lings reached 12.00: heavies, 11.73 welghty Texas cake fed, 10.60; Mon tana grassers, 9.25: fed steers numer- ous above 11.00: she stock, uneven: general- light in very light heifers, 50c up; bulls, vealers. 1 up: calves, Sheep—Receipts, 6,000 loads of natives, mostly laround 10.50: weak: for head 13 N week ' 25,100 direct and 302 doubles from Teeding stations: fat lambs closing 25 lower: cull natives and fat | wethers, mostly lower: sheep steady to 2 lower: feeding lambs. mostly 75 down. Tops—Fat range {lambs, 15.00: fat native lamhs. 14.85: fat rling wethers, 11.25: fat ewes, 7.50; range feeding lambs, 15.00. £ . i H Your Banker Knows. When in doubt about a security consult vour banker. It is equally as much his interest as vours to protect vour savings. You trust him with your deposits—why not trust him with your investment problems? 00.000 bales by CHICAGO LIVE STOCK MARKET‘ States Department of Agriculture).— | rough | | strong to 25c higher: good to choice | | 1= hound to tell on the future huying power of large districts in the South and in this way reveal itself in trade generally. The steel companies hooked un- | usually large orders in the Midsummer and they are maintaining a high rec- ord during the current month. It will he interesting to see whether a vol ume of 85 per cent of mill capacity can be handled profitably with steel s they | are now. | This is a point | onstrated in the steel report for the | third quarter. It is always considered | significant when the market for iron part they failed. The-land steel serap develops a tendency ane the scrap is reported | one way or the other | market at Pittshurgh . A sharper break in the specula- | weaker, with quotations on cast iron | | and steel the same as they have heen all along, which means a low level, | Rallroad Outlook Favorable. | 1t is commonly agreed that while the railway shares had a substantial rise between their low points of the Summer and their recent highs, they | are still faced with an excellent out lock. Traffic over the transportation systems of the country continues to surpass all records, and this condition < likely to continue throughout the Autumn. The difference hetween the carriers and many industrial estahlishments is that the former, hy reason of long vears of exceptional high mainte- nance appropriations, have got their operating costa down so that gross increases show up pretty thoroughly in net. In many industrial lines vol- ume of husiness is satisfactory. hut the profit margin is not, prices have not heen raised sufficlently to offset labor cos 3 Foreign Securities Strong. change has occurred in the market. Rates hoth on call loans are the same as they were a week ago. The suc cess of the Prussian state loan. brought out on terms more favorahle to the horrower than any German Inan since the war, had a stimulat- ing effect on the market for Furopean government securities. 1t is too early to draw any conclu sfons regarding the recent fluctua- tions in foreign currencies, as to No monéy and time a degree of stabilization not present before. a month French, Itallan and Belgian rates have had only normal varia tlons. With the exception of of a rally, but the liquidation went on in the Spring and early Sum mer, especially in French and Relgian francs, has not recurred in nearly two months. The Rank of France was able to remort during the week an other su per note | | Cotton Still Sagging. Commodity markets continue [awalt developments of weather condi | tlons. Despite all that has heen said | on the subject of the lateness of the cotton crop and the liabllity to damage from frost. the cot ness. The | market has not got over the stagge ing blow dealt hy the last hureau re | port. which placed the prohable crop total much in excess of private extimates. The weather news in the Important wheat growing sections of the Canadian and American Northwest has heen gond. but it has made ex noriers mo slow. This is the season of the vear when it is customary for FEurope to do its hig buyving of Amer- ican wheat far the foreign de mand at times has not heen 1p to the | average. | Prompt Action First Mortgage Loans Lowest Rates of Intersst and Commission | Thomas J. Fisher & Company, Inc. | 4 338 15t Street. ' TE LOANS sranete: §14% RESIDENCE LOANS AT ,OW RATES FRED T. NESBIT ‘mor.t Avenue N.W. Main 9392 e, |ton trade shows no uneas REAL ESTATE LOANS Maryland—Virginia—Diat. of Col. = 8l The Capl Realty Company, Ine.. | Q) thanrance Bldg.. v and EYe N ‘| Florida Properties List your Florida acreage or city property with me. No fees or expenses whatever. Describe fully. State lowest cash price. .| Address Box 388-H Star Office REAL ESTATE LOAN MAN Open for Engagement Address Box 1 H. Star Office | You can invest from $100 to $100.000 in Indusirial loan notes which provide a return of 30% a year. nien of $130 each. revazable 510 a month Nddreas Box 60-H. Star OMce. 5 EAAAAS HOME OWNERS SLOANS Up to §200 within one XA interest _and_brekerage. red tane. We take 2nd. 3rd or 4th rusi. Bring in what papers ¥ ave to your property. Fr. 8819. Real Estate Small Loan Co. 704 District National Bank Bldx. T i | which will he dem- | hecause | that | tanaial reduction in its pa- | to| ansequent | Seen i 1l | 1 | I | whether or not they really do denote | Rut the fact ie that for nearly | the'l Italian liva there has not been much | | | . FINANCYAY.. WE FINANCE —all classes of income-producing property Large Loans a Specialty rrent int. rate and commission Higbie & Richardson, Inc. R16 15th St N.W, Columbia Permanent Building Association 733 12th St. N.W. Pays 59, Interest compounded semi-annually Melvin C. Hazen, President Floyd E. Davis, Treasurer Clarence 1. Gessford, Secretary Money to Loan | red by first deed of trust on real estate. Prevailing_ interest and commisson. ph I. Weller 43¢ . & Trust n The New York Life Insurance Company First Mortgage Loans On' Tmproved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland 3 Years, 5 Years, 10 Years . 5Y%% RANDALL H. HAGNER'& GOMPANY Incorporated. MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Office Buildings Business Properties A Third of a Century Experience We Keep Your Rentals Regular —by Managing your property with the meth- ods proved most success- ful during our third of a century's experience. Have us analyze your needs — make whatever changes are needed—and supervise yvour rentals for vour greatest profit. B. F. SAUL CO. s Main 2100 925 15th St. N.W. Twofold Security —selected Washington real estate of known value and the recommendation of an organization of 19 years' experi- ence. 6, First Mortgage Notes BOSSEEPHE(PS FOUNDED 1907 1417 K Street—Main 9300 A Dependable Income First Mortgage Notes are an ideal in vestment medium for people whose capital is a limited one, and when every . dollar must produce an assured amount. And. unlike many mediums of invest ment. they're never affected by fAuctuat- ing markets and industrial disorders. “he reason for this is that cach parcel 7f improved real estate securing the in- vestment 15 located in the Nation's Capitol 4 Just Once Too Oftqn I can do it just once too T may be a great thrill to spend all of your salary to gratify your passing whi: But you The fellow who gets ahead in this world is not the man who yields to every desire, but the one who plans according to his ambitions — and sticks to his plans. A regular plan of saving that calls for regnlar investment in sound se- curities will help you to forge ahead. Swartzell, Rheem & Hensey Company offer sound 6147 First Mortgage Notes on some of the finest improved properties in Washington. It will pay vou to investigate these Notes. Swartzell.Rheem & Hensey Co., Mortgage Barkers 727-15th. Street, X.W., Washington.DC. 57 Years Without Loss to An Investor.