Evening Star Newspaper, September 28, 1926, Page 25

\ FINANCRY SOUTHERN SELLNG DEPRESES COTTON Spot Interests Buy October at 14.05, However, and Price Steadies. Br the Associated Press. NEW YORK. September 28.—Cot- ton futures opened steady: October, 14.10; December, 14.46; January, 14.49; March, 14.71; May, 14.90. The market — NEW YORK CURB MARKET . Recelved by Private Wire Direct to The Star Office BY W AM_ F. HEFFERNAN. NEW YORK, September 28.—Fail- ure of the Curb Market to do more than it did today in face of the ac- tivity and strength in certain groups on the Stock Exchange was taken as disappointing. No weakness of conse- quence developed, but many stocks were either left to drift for themselves or comparatively neglected. The oil shares were featured by some- what more activity in the low-priced members of the group, but without any material change in prices. Creole Syndicate lost fractionally, Columbian Syndclate was active at prices prevail- ing last night. The same was true of Euclid Oil and Gas, American Mara- caibo and Arkansas Natural Gas. Mex- ico-Panuco Ofl was actively bought fol- THE EVENING i acres in Guatemala through its sub- sidiary, the Guatemala Syndicate. Buying was influenced by the bring- ing in of a well by an English com- pany within 20 miles of Mexican Panuco’s holdings. ‘Among the high-priced specialties du Pont stood out strongly, establish- ing a new high since trading started In the new stock when it crossed 165. Freshman featured the radio issues, getting to its best price of the year, but improvement was fractional. Fox Theaters became increasingly active just above 27. The usual sharp fluctu- ations characterized trading in War- wer Bros. Pictured, but again they took place on the side of lower prices. Gil- lette Safety Razor continued to re- spond to excellent earnings éstimates. Secu Joseph I. W STAR, WASHINGTO! Money to Loan of trust on real estate. by first deed ey siling nterest and com: Blde.. 9th & INVESTORS —will find it a profitable habit to keep in close touch with our HIGHLY SPECIALIZED CITY CENTRAL PROPERTY DEPARTMENT sei0m, "420 Wash 1. & Trust D. C. TUESDAY, SEPTEMBiw 2 Prompt loans on homes and other buildings in Washington, at lowest current rates. Apply to ROSSESPHE] FOUNDED 1907 FINANCIAL Building and Permanent LOANS invite applications, which will be given prompt consideration, for building loans on all classes of high-grade income-producing properties, in amounts of $250,000 upwards. Werite for Booklet W AMERICAN BoND & Mort6AGE Co. Eesblished 104 AN OLD RESPONSIBLE HOUSE lacorporated Capital and Surplus over $8,500,000 WILLIAM L. BROWNING, District Manager 211213 Trensportation Building Telephone: Main 884 17th AND H STREETS, N. W., WASHINGTON, D.C. Clevelead Dowsht Boston Philadel and there was a better demand for Chissge Now York lowing the announcement that the Brill Corporation issues. opened steady teday at a decline of 1 company had taken title to 4.500.000 to 11 points, active months showing nat losses of 13 to 16 points after the call under continued Southern selling ar month liquidation stimulated f bon n A e R Mation of October notices, | traded in on the New York Curb Mar estimated at about 45,000 bales. ket today: Spots interests wught October at Sa%‘?klr“x " the decline to 14.05 however, and|' ""”Avl‘h‘l":-k S prices steadied up before the end of J Alh Pick Ba ve the first hour. October advancing to Alum o new nd January to 14.36, or about Am b i above yesterday's clos- e i 1417 K Street—Main 9300 13 Cidany 8ias 1 Detroit City G 6 = 10 Duke Pr Po tis 2 Ea Ter O Bl 6, (SHANNON, & LUCHS 713 14th St. Main 2345 NEW YORK, September 28.-—Fol- lowing is a list of bonds and stocks cred Sponsored by Successful Business and Financial Executives Gdyr T & R 58 Grand Tk 6138 Hood Rubb 73 Il Cen +%8 wi Ind Lines " Os. . Interst N G A Third of a Century's Experience Continental Trust Co. 14th and H Streets Capital $1,000,000.00 = quotations. Some of the early selling was sup- 0 be based on belief that the ] Rason Prod | in the South had passed Seating pfd 38 dama Seatng ve Superpo B 5 & El Apartment House Supervision —such as we give your property may be exactly what is needed to in- crease your carnings from it. Take advantage of our third of a century’s experience. Realize bet- ter returns from your in- vestment through better Management. that it Texas, probably helped the - Successful investment need not necessitate the “Blazing of a Profitable In- vestment Path.” It is simply a matter of following the advice and tactics of already successful men. You will find that a large majority have a goodly portion of their financial surplus in- vested in Checking Accounts Savings Accounts Time Deposits Foreign Exchange Commercial Credits Travelers’ Credits Travelers’ Cheques New Orleans Quotations. eptember 28 (). ;" Noon bids ;m;u_\-. e 3 December, 14.19; J B s & Ed 14.24: March, 14.38: May, 14.51. Celluloid Co he market ruled steadier after the official forecast for unsettled weather was issued and also a warning that a | disturbance had appeared in the neighborhood of Porto Rico. Later prices “eased off again, making new lows owing to the pressure of hedge selling against cotton accumulating in ihe interior; October trading down to Acceptance Credits 14.06: December to 14.22 and Janua L% Slirt Pub, et 3 i 1 axt_ P& nia " i ; t014.26. Around noon the market ¥ Jurt ¥ xn o : ; SOXY Wi M a0 1 Col_lecglons " o £1ill Soft and near the lows ] ¢ Dresden T Ber. - : AR k ; Real Extate Loans i Liverpool Market. 1 il Tl 1 § i 1 } - F 3 5 (). —Cot- i ) g f 5 ; Collateral Loans . . [J . 1LIVERPOOL, Septembe: Aot &‘"fl’[!f lm‘f‘ Main 2100 925 15th St. N.W. E pic... ;. e Br dgeport Mach rill Cor A 7 I C 4 % Cent Pip Cor iC G Spring & B Col G&E new wi. tropi Comw P C new Dal-s ‘P G Balt i Pro A ww First Mortgage Notes ton —Spot, quiet: prices easier. nd & S b gean strict good middling, 9.30; good n Cor middling, 9.00: strict middling, 8.70; middling, £.20: strict low middling, 765 low middling, 6.70; strict good or- 2 dinary. ood ordinary., 5.00. Sales, | ‘10 Fageol Mat Co 1 6.000 bales, including 4,300 American. RRX $ o ; Tan o 000 bales; American, 7,700. E 7 Astionua 13 B 1 Blic” Aires s 1 Bue Aires s Investment Securities s Corporate Trusts FOREIGN BONDS Individual Trusts i s i Administrator, Executor Safe Deposit Boxes ; March, " NEW ISSUE Continental Trust Co. st 14th and H Streets Capital $1,000,000.00 Bla 60 Fr St Pr 635 wi 4 Finland 678, 58 Ger Cons M o Ger i Tried by Ordeal. o g The expression, “1 would go through B e o fire and water to serve you,” i a Sur-l y Gian Alden Conl. vival in our speech of trial by ordeal. 18 Goodyear The ordeal by fire was generally re- T Gand ~tores served for people of rank, that by Bl 8 water for the lower classes. . 5 ; The ordeal by fire generally took 2 Hor, (_ : 4 " 3 g0t | one of two forms. The accused was 4 ! : y either required to take up a piece of yed-hot iron in the bare hand, or walk, blindfold and barefooted, over nine red-hot ploughshares. 1f he suc cerded and remained unhurt. his inno- cence was held to be proved. Ay € PO The ordeal by water also took tw d Sq Gar vie. : r--,-nIL- “The accused was either re- faliean 0 TS o 1 quired to plunge a bare arm into 3 TWest UL Glys 01 cealding water or was thrown into e, viver or pond. The latter plan was nieed for supposed witches until com- viratively vecent times. If the woman A Rink the was adjudged guiltles Astronomers count the great clus- S probably drowned before any one or 20 €0 T ter of Hercules as one of the most | || @ ° § i THE PENNSYLVANIA COMPANY FOR INSURANCES ON LIVES AND GRANTING ANNUITIES, Trustee thought of rescuing her. If .~xhk«~_ _t:hunt;(‘l- 26 Northe Pow 1 interesting of globular systems. It ap-| | b ies ";"'_:“;n‘,‘_fl:d“fl;’ Sty pears to the naked eve as a small star, ilied out And hanged or but under the heavy glasses is found to contain no fewer than 35,000 stars! and they can be photographed today with the improved aids for star study, and astronomers claim that it is en: tirely possible that Hercules, to the naked eve a star of the sixth magni- tude, may have at least a millian rs in the cluster, all casting their vs forth together. | ~ $5,000,000 STANLEY-CRANDALL COMPANY OF WASHINGTON First Mortgage 6% Sinking Fund Gold Bonds Dated August 1, 1926 Due August 1, 1946 Stanley Company of America guarantees payment of principal and interest by endorsement on each bond Interest payable semi-annually, February and August first, without deduction for Federal Income Tax not in excess of 2 inia Four Mills Tax, Maryland Four and One-half Mills Tax, District of Columbia Five Mills Tax on the ipal x Per . Income Tax on the interest refunded upon proper application. Coupon bonds of $1,000 and $500, registerable as to principal, redeemable on any interest payment date at the option of the Company as a whole or in part by lot and for sinking fund purposes on thirty days’ notice at 10214 % of the principal and accrued interest to date of redemption. 9015 Million Stars in Cluster. The following information is contained in a letter to us from Mr. Jules E. Mastbaum, President of Stanley Company of America and Stanley-Crandall Company of Washington: CAPITALIZATION First Mortgage 69 Sinking Fund Gold Bonds. . Second Mortgage 6%, Gold Bonds due 1936. . .. Preferred Stock—Par Value $100 Common Stock—No Par Value burned. Washinéror; Storckaxchange SALES. Light—25 T Pillah Bl M 215 Pitte & $5,000,000 500,000 . 3,000,000 4,000 shares BUSINESS: Stanley-Crandall Company of Washington, a Delaware Corporation, was incorporated in 1925 to acquire and operate the chain of nine motion picture houses in Washington, D. C.. known as The Crandall Theatres.” Through acquisitions and through construction, to be completed with part of the proceeds of the sale of these bonds. the number of theatres operated will be increased to sixteen, located as follows: Washington, D. C. (11), Chevy Chase, D. C. (1), Baltimore, Md. (2), Frederick, Md. (1), and Martinsburg, W. Va. (1). PROPERTY: A_llc{thcseproperties will be owned in fee. On the sites recently purchased (one in Baltimore, md., amtidone in Frederick, Md.) modern theatres of capacity suitable to their respective locations will erected. SECURITY: The Trustee will have as security for these bonds: a closed first mortgage on fifteen arcels of land and the improvements thereon. During construction of the two theatres at Baltimore, d., and Frederick, Md., the Trustee will hold for disbursement under the provisions of the mortgage, the proceeds of the sale of the bonds designated for that purpose, together with a satisfactory bond of completion. The Chevy Chase Thertre, the remaining property not covered by this mortgage, is subject to mortgage indebtedness of $1/0,000. ' e hese properties have been examined and appraised by Mr. ]J. Willison Smith, of Philadelphia, Messrs. Weaver Bros. & Co., and Mr. H. E. Doyle, of Washington, D. C i Mr. J. Willison Smith appraises thedground value at $2,716,246.50 and the value of the improv ments, after completion of the proposed two new theatres, at $4,441,405.65, a total of $7,157,652.15. This is the lowest of the three appraisals. Policies of title insurance are to be issued by The Real Estate Title Insurance Company, The Columbia Title Insurance Cdmpany, both of Washington, D. and Title Guarantee & Trust Company of Baltimore. Title of the Appollo Theatre at Martinsburg, WV has been approved by counsel. 20 1 Ren Mot TrK Ve 1 Rich Rad nid.. 4 % 4 Rickenhack fotype (as of vesterday)— 1 Schulte Ren A Qeemon Rrow . 10 at 1071, 20 at 107 %, i 17th and Eye Sts. Suites arranged to it any buasiness, ut ‘exceptionully woderate rentals. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY at dc5hs Stores pfd—5 at 108 AFTER CALL. Washington Rwy. & Elec ashingtan Gas 5=—S$2.000 at 101 wtomac Elee. Pow. nfd—1 at 108 B aesion Co10 at 104 L ISTED DEPT. North Capitol Savings Bank—15 at 16, i rev—Call loans. 5 and 6 per cent. 1, Travelers Ins . 1103 e e s Trambull_St1 Bid and Asked Prices. TR AR et e 'gé». BONDS. 1Tn El Coal vte. 100 PUBLIC UTILITY. 45—$1.000 at 7 war Southw “Rell DA 1178 17 1 & pegie Pap 4o San 2 Stitz” Mot ne ground floor store O PHILALIL.PHIA, September 28— svailuble.” 6200 moncb. September will be the best month ex- perienced by the Baldwin Locomotive Works since last March. The plant is working on a Pennsylvania Rail- road order and this has been supple- mented by an order for 28 locomotives q 5 for South America. The plant is now Rd. A 3ViSpdt &, 0 n g% ghi 251 lon a 45 per cent of capacity produc- 2 1 A 314 | tion basis. s 0 & Sno vte 55 10 Timken Ax 1 | 2 Tob f 13 Trans Tn “nze 0is el & Tela, 4s.. & e & ot R, K. a8 a8, § FRESNO.—It is unofficially estimat- | S . ed that the California raisin crop will = amount to between 250,000 and 300.- 000 tons, compared with 180,000 tons last year. Hold-over stocks are ex- tremely small. « T Capital Tract tv & Suburban Metals ns Nev Utah. Gold i ST | Federal and D.C. | Tax Refunds L THE strong security of firet | mortgages on modern, in- | come-producing city property. .. | The safeguards that have ge- Ited in our record of no loss to y investor in 53 years. .. The interest rate of i 617 These advantages are combined | in current offerings of Smith | Bonds. | LAMPASAS, Tex.—The first car- E load of new Fall mohair shipped to 1 Min # | Eastern markets brought growers 1L M1 B . | prices ranging from 55 to 65 cents a K 3 Kerr Lake pound. 1 Mason” Val ¢ Mt Annap. Ba. 1 Washington Wash., Rwy wash. Rwy s 6a & Flec. 48 & Elec. gen. s DETROIT.—The Muskegon Oll Co. will ‘drill five experimental wells in various parts of Muskegon County. CONNELLSVILLE, GUARANTEE: As additioqal security, Stanley Company of America unconditionally guarantees the prompt payment of the prin¢ipal and interest of these bonds by endorsement on each bond. The present market value of the outstanding capital stock of Stanley Company of America is in excess of $45,000,000. 3l Rias P, Sibraes Sn Hotel 328 STOCKS. Pa.—The Con- 2t A nellsville coke market is maintaining 14 U h Apex. e its strong tone, although actual buy- PRSI A T ing is light. Spot furnace coke is quotable at $3.25 to $3.35. 541, | Sales INDEPENDENT OIL STOCKS 19434 | in hundreds, 0h 2 Am Con Oilfids.. Am Maracaibo W Wardman Park EARNINGS: Current annual earnings of Stanley-Crandall Company of Washington are in excess of one and one-half times the interest charges on these bonds. Earnings of Stanley Company of Amer -a, as certified to by Messrs. Edward P. Moxey 8 Co., available for the guarantee of these bonds, were: 1923. ....$970,833.24 1924, .. 882,909.63 1925, . 0. oouivnen - R588271 27 1926 (26 weeks). . ......1,122,569.91 Average 3}5 year................$1,142,656.87 These earnings do not include any revenue from interests in the major properties recently acquired or from certain substantial expenditures made by the parent company and its subsidiaries. No additional guarantees of securities are now contemplated by Stanley Company of America. Have You Been Stung Yet? Some men have to get stung good and hard before they learn to be cau- tlous in making investments. Before vou invest—investigate! " REAL ESTATE LOANS ANY AMOUNT In addition, certain of these is- | sues have Federal and District of Columbia tax-refund features. Wash, Rwy a Euclid Oil Cc Gibeon Of1 Cor 1 of Pa Kirby Pet Leonard 01! Lion O Panico & Prod 9 New, Bradfa 0 2 Ohio Fuel Cor 1 Okls Natural G X Pandem Oi1 1 Pennok O1l Cor. 5 Reiter-Foster 01l &0 Royal Con O & R 1 Rvan Con 4 83t Ck_Prod 5 Shreve E! Tio P 10 T dal Osage O .. 6 Tid Osage O 20 Tide Water 0i1 6 Tide Wat Oil nf. 1 nezuelan Pet arner Qninlan.. 0&G n x 60 Y™ 0l EERTY 2ad Sales STANDARD OIL ISSUES. 230 in units 3L ol 300 Aneio Am o1l 100 Ang AO non vte ontinent Ol n 55 B0 5 The New York Life Insurance Company First Mortgage Loans 800 Imp O_of Can n 1100 Inter Pet C Lt On lvs\prn\'ed Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland 108 Ohio Ol 0 3 Years, 5 Years, 10 Years | Send your name and address on | the form below for descriptive APARTMENT HOUSES 5]/ 7 circulars and for copies of our BUSINESS PROPERTY 2 0 | two booklets. ! RESIDENCE LOANS AT LOW RATES FRED T. NESBIT W 1010 Vermowt Avenue N.W. Main 0392 & Mechanics Merican & Metropolitan x b ount SINKING FUND: Provision has been made for an annual Sinking Fund, beginnin 1929, suffic to retire $1 50,000(: r value of these bonds each year. The operation of this Sp;lnkllngg[}:nd shésrd rLe]l?:: more than 509, of the issue by maturity. RELEASE OF PROPERTY: The mortgage makes provision for release of property by the Trust careful restrictions designed to protect the equity of the bondholder at nfil tfmes'v i etegknee PURPOSE OF ISSUE: The proceeds of the sale of these bonds will be used: for satisfaction of existing liens; for construction; for acquisition of property; and for general corporate purposes. MANAGEMENT: Stanley Company of America, one of the principal companies engaged th hi- bition of motion pictures on the Atlantic Seaboard, owns a large majority of the pre{cfre%i stolgk aned e;; fl,’, of the common stock of Stanley-Crandall Company of Washington. The properties operated by the Cor- gor:uon are under the management of the former Crandall chain, supplemented by the executives of tanley Company of America. We offer these bonds, when, as and if issued and received by us and subject to approval of legality by Messrs Morgan, Lewts & Bockius for t'ie bankers, and Messrs. Wolf, Block, Schorr & Solis-Cohen for the Cor i bonds will be ready for delivery on or about October 7. 1926, ar the ofice of Eduard B, cemith & chors s oy temporary Philadelphia, Penna. Price 100 and interest, yielding 6% Fo:nded 1873 smMitTH FUILDING ‘Washington, -Main 6464 New York Philadelphia _Pittsburgh | Boston Buffalo Albany Minneapolis riet an & Trust TE 1. S SAVINGS BANK d—Virginla—Dist. of Col. As Low 5107 As 20 The Capital Realty Company. Ine. “Sechanios Inurance Bldg:" 13th and Fre NAV. FIRE INSURANCE American Careoran National Union TITLE INSURANCE Co. Md. ‘com MISCELL Paper pfd al ‘Storace hants Tran i< Tran. & Stor i coples Drug Stores Dfd motype nid n Mex Fuel & Storage. a . *10 500 ) 49008 O N Y #00 Vacuum Ol BONDS 3100 AR Am Gus & El 6x10 ) Po & Lt 6x10 Homes Lrl = %% RANDALL B. RAGNER & COMPANY Incorporated. MORTGAGE LoaAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Sales in thousands 3 Alum 78 new BROWN BROTHERS & CO. CASSATT & CO. HAYDEN, STONE & CO. ALEX. BROWN & SONS STROTHER BROGDEN & CO. This information herein contained, white not guatanteed, is obtained from sources which we believe to be reliable. H FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) Business P i (it Aseed Rield § CLPPREPELIPISEL,