Evening Star Newspaper, October 6, 1926, Page 31

~ COTTONISLOWER /| , Amer \ ‘FIN INTRADING TODAY Lower Cables. Larger Crop: Figures and Weather | Bearish Factors. i By the Acenciateq Pre NEW YORK. Octobar §.- Catton fu-| turas opened easy; Octoher. 13.40: De cember. 13.28; January. 13.38; March ' 13.54; May, 13.74. Vesterday's rallies were fallowed by renewed weakness) In the cotton market early today, ow ing to lower Liverpeol cahles, larger private crop figures and a favorable | eonatriction of the weekly report of | the Weather Bureau i The opening was easy at a decline | of 10 10 27 points and after a slight | bulge on continue: covering or trade buving so'd anent 20 10 38 points be-| Jow vesterdav's closing figures under liquidation o= veselling by recent buv arsand further Southern hedging. al though the latter was sald 10 be less in evidence than recently. December 14 off from | 0 1219 ot was withih a peint or two| ‘of the lowest at the end of the first hour Twn more private reports were ls- mued, one estimating the e ion of the crop 61.2 and the indi vield 16.636.000. The other placed the crop fndication at 16.0 The market w morning on reports that cotton was Being held more clossly in the South and the failure of the hig private erop great volume < steadier late in the figuges to bring in any of gelling. Trade huyinzg and pre buredn covering were considered the ehief factors on the rally w December tended 10 1350 for 13.77 for March contracts. or ahont % to 10 pointe net higher. Pric 1 were within a point or two of the hest at midday New Orleans Market. NEW ORLEANS. La.. Octoher f () —Cotton futures opened steady 13, her, 12.03 bid: Decembe nary, 13.23: Mareh. 13 The market opened ea to Liverpool heing lower _and 1o favorahle weather ton heit, with first trades lasses of 16 to 20 peints. Prices ' Med a few pointe after the start on| covering., hut soon eased off en the weekly weather report. proving more favorahle than expected, Decemher trading down ta 13.17: Jdanuary to| 13.22 and March te 1236, or 13 to 71| points helow yesterd: lose. A pri vate authority reported conditian of | the crop 81.2, and the indicated yield 16,636,000 bales. Liverpool Quotations. LIVERPOOL, October & (#).—Cot- ton. spot, fair demand: prices barely good mid steady. American strict dling. 8.27; good middling, 7.92; strict middling. 7.67; middling. 7 strict | ow middling. 6.92: low middling, 6.27: strict good ordinary, 5.8 Ainary, 4.87. Sales, 8.000 . cluding 4.800 American. Receipts. £.000 bales: Americam. 3.800: futures clnted steady: October. 7. 7.12; January. 7.1%: Mareh. 7.26; 7.35, July, i.41; September, 7.12. Washington Stock Exchange SALES Chesaveake & Potomac Tel 5e—$1.000 [ Waehinzton Gas 58—8$300 at Camtal Traction Co—-10 at 10370 40 at 1037 10 at 10: Potomac Elec. Pow. ofd.—3 at 1074 | Wakhington Gas Lignt—10 av 7010 PO Tnion Trust Co.—10 a1 Merzenthaler Linotybe—14 National Mige & Inv. ofd 200 At B2, 50 at Rl 50 aU 8y AFTER €Al 000 at 100% Potomar Eiec. con oId.—30 at 30 Washington Rwy. & F Monev—Call loans. 5 and 8 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY, Amer Tel & Telra. 4 - Tel. Am._ Tel & na & Pot o b2 & el anital te & Suburban 8 Georgetown Gas 1st Potomac Lat o6 i0is | t Washington Gas 58 + Fashington Gas e Wash. Rwy & Eler Wash Rwv. & MISCELLANEO t F Ll E'c‘"b“.w‘{""x?' P i Lo s . It Elec. gon #a &7 I 00 iy er-Co Mfz. 8% ot Joint Stock L4 Bk 8s uiners Bids elas o ash A oid_Storage s Wardman Park Hotel 5ige STOCKS. PEBLIC I'TILITY ap Tel & Telea o racuon i ston Gan : & Wash Steaminat ST & Fer om RN & B o NATIONAL BANK " 0% | 8. 190 20 ineoin 5 ational Meiropoiitan Emu 5 s ond atonal Bank of Wash TRUST COMPANY an Security & Trust ntal Trust o ) 4 ational Savines & Trust “nion Trust Wask. Loan & Trust SAVINGS BANK > commerce & B . e Saven Revhnth tves o United States Naeniston Mechaiice FIRE INSURANCE American 200 Sran i%0 Tramen 3 Catiomal Umion | : TITLE INSURASCE | Lumnia Tige R ] B o o o8 MISCELLANFOUS | Paper 0fd g gl’orl(! ptd 110 v Manoipe | o & Siorage e | vl 10 1y 0: 8 1081h *Ex d:vidend GERMAN BONDS AND STOCEKS. | Il (Quoted 1n dollars ver milhon marks ' Askec Ba r Gov (w in) s 1914-18 » 1482 ? ore e 1010 nfi% ‘Gov 4-3% (forced Ini 7 uoted 1o dollare ver thousand m jer Gen Elect 4138 pre-war 00 + Gen Elect 3138 1019 00 rin 46 pre-war amburg 3s. 31 30 orih German 2 ussian Copgols 1.37 29 Tion ba 1851 3 ueseldor! 4¢ pre w 00 >|rl(;‘n'l a-M s pre w m g G R 8 ik 00 3050 | o0 & S0 9 a0 4 2233323 ! spne prices. ANCIAL: BY WILLIAM F. HEFFERNAN. NEW YORK. October 6.—Prices on the Curb Market raillied for a time today as a natural reaction from the Slump of the two days preceding. Then selling broke out again and the | active tssues fell hack. D: flactive theuee upont. closed 3 172. It went tp 173% this morning. quickly dropped helow 171. and heneeforth following an un- even course. Warner Brothers Pic- fures was the eompanion stock in point of activity. It ran up nearly ihree points, fell back over most of the ground gained. then hardened. _The favorable showing made by Freshman Radio in its August report, and the reassuring statement by the president of the company proved to be only temporary factors in stem- ming the selling. Tuesday's recovery was followed by a renewal of the selling, under which the stock drop- ped off sharply. Observers thought that while the earnings position migiit be right, the market position might no Oil shares underw ecovery’ after the dec owed the cuts in gaso A moderate ne which fol- gained half point or so. International Petroleum, which was quite active, NEW VORK. October §. ing is a st of bonds and stocks traded in on the New York Curb Mar- ket today Sales in hundreds 14 Ray Prod Seating ptd eating vt Pnovtpw 50 Gas & Ele: elotex Co pld o Agurre Sl ent” Bin Cor. G&E n deN & ¢ purant Mot A Bond & Sh bl B & 5 Glen Al 3-100 Gloh & R |9 Goody Tire & R nt Conn intern Tul B Kraft Cheese kD i 1 Pac StI Boiler 15 Penn’ Wa Pow € 2 Penn Dix Cem. . 3 Phillip_Morris nd_ Kz n Mot Tk vte 1% Rickenbacker Mo 2 Tob Prod 1A Trans Lux ' Travelers 1 Trumbul! b A T _2Vie Talik Mach 1 75 Warner Bros Pic 421, 3 Welch Gra Juice 26 1 West Auto S ofd 1y Weat M 1st ptd &8 | West Pow ptd = P& 1y Wheel St pld A 1041, 1h White Sew’Mach 3T axs eo NT 120 MINING STOCRS. s Min ay Coi ‘or emont Mining Bnc...... ng NDENT 0 Ollfields caiho o 1Qnin Fuel Core 3 ctf dep ZPen Oil Corp 1 Reiter-Foster O1l 30 Roval Con 0 & R 2 Rvan _Con i Salt ok ‘cona Ck hrep E1 Do P L B T Ty Erunaiiie » 38 272 13550 3. A Tide Water Oil Tide Wat Ol pfd Yenezueian Pet... s e i3 Diseme 100 °Y" oil Sales STANDARD OIL in-units. 88 Comeriand P 'L 1 10Gal § Q pf oid inGal 0 n SSUE i nf n 3E5355 360 Humple o1l & AR D e s 525! ! =ord Motor of Canada were made last e and kero- | Imperial Oil of Canada | Follow- was also traded in at higher prices. | Standard Oil of Indiana and Ohio Oil both did better. Prairie Oil, Standrad of New York and steady. Carib Syndicat compared with yesterday's close of 1163, Creole Syndicate was a frac- | tion higher. Commonwealth Power developed considerable activity without much change fn price. It moved within a narrow range of lees than half a point. Commonwealth Power prefer- red had been selling aréund 90. | which means the highest price in all time. Southeastern Power and Light was actively dealt in, for the most part around 31. The advance ap- peared to be checked in Mohawk and Hudson, the stock dropping back half point. , Electric Bond and Sharé rose a frac- tion at the start. then dropped below the previous fi City Service was lower, while Assoclated Gas and Elec- trie at one time was up néarly a g:lnn Realizing sales drove king A down over a point. | week ‘at a decline of 68 polfits. On Monday there was a transaction three pointe higher, yvesterday thére were no transactions, while today the stock went lower again. B0So W Penn P L 3l Al 1 oM P B s Bia o dais 30L g1 1iei 178% FLE - T RO 1 S A0S O Ohin ~-01l0aB1 7 200 * 260 400 Vacnum ' 0if D5 DA% 4% Salen RONDS. 2 1037 1087 1 10117 1014 an7 100 00" e 1 08 14 Anaconca ‘s X 10% Aopal EI Po 2% 35 Aneo G & |§o 2 71 160" 198 b P LRV LN T 10215 0214 98% aey 2 a0z ond 3 fl.: 4 a1 74 87 1828 68 971y 071 1020 1001 a07 91' a7 " 97 4 s b Tl Cont 43 Ind Limestons fa 20 Ind P & A Laclede Gas 8iga 1 Rims ta 1 1 1 1 s W S ’- ’24' ;n /g " B aLel]8 5 S, . . b 'hm.qmll‘f)ltlk)« BONDPS 2 e War Bra 1 Wehster an M, 13 Great Con 8 43,1 A 10 T Sz A Ha 38 101 Fam 6 w1 8214 (DT £ DIVIDENDS . Pae — vind, Pare e et Am €meit & Ref. O Nav 1 Oet 18 ATacr o 100t 20 et 1 Nac K Reawn €h o »f. O 1 Oet oA Corrn Tia Pasen | 0 1 et 14 Cuvamel Froft 0 100 1% Cydahr P 8% nf &.A 1 Ot 20 Mo 7o S A 1 et 30 Faardn Sre Ca a 1 Oet 20 Herrules Paw Bi. O c 18 Yav A Voan Mator ¢ 1 oet 18 Mater Wh Car At 4 Nov 13 Am an Aane<haim Chle. O $1.08 Nav 18 Nt 28 I Q2= Qugsr Rt Co O 154 Nar 1 Oet 1 L e 138 Sar 120 R wites Ol & Gas @ A6 Nev 10 0ot Aa i —_— | PRICES ON PARIS BOURSE. PARIS. Ortéher & (P —Prices were heavy on the Bourse tod 3 ner cent rentes. 4% france 20 cen | times: exchange on London. 168 france A3 centimes. 5 per cent lean. 54 francs: the dollar was quoted at |34 francs 73 centimes. ! POTATO MARKET STRONGER. | CHICAGO. October & M .—Pota- | toes—Receipts. 54 cars. on track, | 331: totd] United States shipment: 11013 tlading good. market strong- |er: Wisconsin sacked round whites, 1.85a2.40, according to quality; bulk: I!.lfia'.’. 0. Minnesota sacked whites, 1.9042.30:North Dakotx round Tdaho sacked rural Colorado sacked Brown 2.4022.50, Beauties, | | g l FOREIGN EXCHANGE. ‘Quotations furniched _bs W B Hihhe & Co | Sominal Sellie ‘hocks xold v. alue. 863 a0 | pasi Brusssl Rerii Rome ler | urich. fran: Athens. drych 2ime ms pessta : b2 ih; TREASURY CERTIFICATES. Reportad he ). & W. Saligman & Co b WE PAY MORE INTEREST ON SAVINGS ACCOUNTS Than Any Other National Bank in Washington Interest an DAILY Balances Come In and let us explain Commercial Nat'l Bank ! 14th and G Streets | per cent. Public Utilities NEW YORK. October § (Special). Further new financing was announct today for the account of the Tide- water Power C 1t_consists of an issue of $1,500.000 in 7 per cent serles preterred stock, priced at 9713 and accured dividends. The company.| which !ugpl]nu ‘Wilmington. N. C., and vicinity, having an aggregate popula- tion of 71,500, has paid dtvidends on the preferred stock for 18 vears with- out interruption. and on the common stock for 16 years. Tidewater Power s under the supervision of the Gen- eral Engineering and Management Corporation. American Water Worka and Electric made public today its statement for the 12 months ending August 31. It shows earnings avalilable for the com- mon stock equivalent to $4.63 a share, against $3.99 a sharé in the same period of the previous vear. For the month of August net income after taxes was $1,724.470, against $1,491,746 in August, 1925. Surplus after charges, depreciation and preferred dividends of subsidiaries was $270,133, against $240,463. Trustees of the Boston Elevated Rallway report for August exce: cost of service over revenue of $451. 574. This compares with an excess of $367,594 In August. 1925, Federal Water Service Corporation reports for the first half of 1926 grose earnings of $2.677.998 and neét operat- Ing income of $1,261,553. The balance after all intercompany charges, in- cluding Interest and dividends on se- curities of subsidlaries, was $301,271. New Bond Issues NEW YORK, Octoher 8 (Special). The long-talked-of Hambure' loan was publicly offéred today by a bank- tny; group headed by Kuhn. Loeh &‘ Co. and the International Acceptance | Bank, Ino. Tt conisstéd of an issue of $10.000,000 in 8 per cent bonds. due October 1, 1946, priced at 91% to vield over 6% per cent to maturity and the bankers announced that the oftering had been oversubscribed and thé hooks closed. The proceeds are to be used for the payment of the state's $5.000,000 one-vear notes. ma- turing _next May. for the construc- tion of piers, port rallways and a hridge over the FElbe River and for the improvement of real estate té be used for industrial purposes. Stone & Webster, Inc.. hase Secur- | ities Corporation and others are offer- | ing $9.000.000. Gulf States [“tilities Co. | first morigage and refunding 5 per | cent bonds, series A. due September 1. 1958, priced at 98 to vield over 5.25 The proceeds are to be | Seeu |3 D. C. and Montgomery Co. FRED T. NESBIT 1010 Vermont Ave. We Will Loan at 5} % osep! trasf. have te vour property. to Loan Prompt Action. M m:’y lm‘gee‘ ol.:.dnn:o:fl real estate. 1. Weller CaoWom iz g Trygt | Lovest Rajos ot In A o oo o & o 738 15th Sirest. First Mortgage Loans Company, Tae. FINANCIAL, The New York Life Insurance Company To state Bring CONSTRUCTION LOANS 3. Wi Economic Conditions information, ‘we lor of car. 2. Cleaning the wi to dry the 5. Polishing cleaning the glass. Expert Lubrication Interior Clea: correct definitely consists of ANNOUNCEMENT misleading wish that steam is used in our process of washing automobiles. OUR NORMAL WASH to no 1. &'ulhl:f and dusting in- tori heels and with an soap, which is rinsed off.- top, glses and body of the car with clear water. 4. Using fine French chameis ear. the nickel and Paint Renovation Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. M. 475 Rapid Process Plant 1142 18th Street Franklin 450 e Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland 3 Years, S Years, 10 Years 2z Dp0f s, RANDALLH. HAGNER'E GOMPANY MORTOAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 First Mortgag v Equitable Co-Operative Building Ass'n JOHN JOY EDSON, President WALTER 8. PRATT, Jr., Secretary Organized 1879 46th YEAR COMPLETED $5,136,317.22 Surplus -$1,406,495. for the 91st Issue of Stock Being Received o Are You Saving Systematically in Assets Snb;aipfint Main 2100 vour every detail, Rentals Pay? —Ts it sufficient to make investment worth- while? If you have to give thém vour personal atten- tion, it probably is not. As specialists we attend to save your time, reduce yvour costs, in- crease your profit. nsed toward the retirement of debt incurred in the recent purchase of | slectric light and power properties in | Beaumont. Port Arthur and vicinity. | purchase of other properties in Texas and Loulsiana and construction work. Offering s éxpected in the near fu- ture by A. G. Becker of a new issue af $2.500.000 T'nteralhe Power & Light Co. 15 vear 7 per cent mortzage bonds due October 1. 1941. e SHORT-TERM SECURITIES, | IRenorted hr 1. & W. Selizman & Co.! ~——=Noon.—— Adirend. P. & L. €. fs 1979 Alum_Co. of A ke Am. Te) 103 100710 10t 10010 2815 | 11as 1011, 101% % 102 e Co, 1an 1, Morris & CA.714e 1930 . 1023 ew Vork Tel. As 1941 10814 Oregon Shart Line 4s 197 as1l Panna, R. R. 44 1931 278 Dure 0N Co 8las 1 1038 Sinciair € Ol P C_fs 1438 10013 1A% g0 Pac. R. €. 4s 19 Ak Y Atas 1 108t 1t & Co. S 1032 4 a8 nion Oil of Calif, he 1925 98 Ak, Tniay Pae. R R, C. 4« 1827 o 2ne Thited T4 & P. €. 514a 1008 00K 1001 Riibher 6150 1898 1011 1021 Smelting Ca. 51z 1833 101 101 Woatinehouse EAM. %0 1931 10415 104 Wise. Cent. Ry. C. 5348 1927 10 100% A Fool and His Money. The fact that a stock certificate is printed in fancy green scrollwork is no proof that it s worth any more than ordinary wall paper. Thousands of people in Washington would have saved thelr méney If they simply had asked their hanker-to tell them what he knew af some supposedly wonder tul Investment. i il j (S B St S R B e T —— B. F. SAUL CO. 1t HE prosperity of Americans, from the day laborer to the captain of industry. is a marvel to the rest of the world. And their extravagance fre- quently keeps pace with their prosper- v; many good money makers can get rid of it faster than they can make it. Financial independence with a guar- antee against penury as the yearscreep on depends not onthe amount of money vou make but upon the amount which is wisely invested. If vou wish to convert your prosperity into lasting wealth through safe and profitable in- vestment, we shall be glad to give you the benefit of our 43 years of experience as spe- cialists in investments. By consulting us you incur no obligation. CRANE, PARRIS & COMPANY Investment Bankers since 1883 - 823 151u ST, N. W, Telephone Main 593 Guaranty Trust Company of New York 140 Broadway BRUSSELS LIVERPOOL HAVRE ANTWER® Cendensed Statement, September 30, 1926 LONDON PARIS Banks and Items in Transit with Foreign Branches .......... Credits Granted on Acceptances. .. Real Estate. .......... Accrued Interest and Accounts Capital Undivided Profits. RESOURCES in Federal Reserve Bank U. S. Government Bonds and Certificates. . Receivable. .. 56,306,448.38 35,430,733.51 18,636,070.91 20,950,906.20 383,438,589.17 1,664,000.00 7,117,029.58 40,770,961.83 8,044,029.26 5,704,185.94 $678,062,954.78 leseee LIABILITIES 20,000,000.00 4,606,786.44 $49,606,786.44 7,020,211.93 40,770,961.83 23,971,613.49 . 556,693,381.09 $678,062,954.78 How to Convert Prosperity into Lasting Wealth § 1] H H ! 0 i H § § H [ H i § 0 H ] H H 8 ¢ 0 i ] 0 $ § i g i 0 the Equitable? Think of the comfort—saving a little each week systematically—will provide when you are 6ld. What a joy it 18 to lance dver your savings a few years énce and learn that you have a’ sub- tia] fortune. Don't lét another day without joining tie Equitable’s sys- tématic saving plan. Ones started you'll never stop. 915 F Street GREAT deal of Invest- ment Wisdom ean be found in after thoughts. But if Investment is to be successful your thinking must be done prior to the choice of me- dium. Thinking Men and Women recognize the absolute safety of our— FIRST MORTGAGE * SECURITIES The presence of Government aetivi- ties is a vital protectiive factor of each Seeurity. | CONSTRUCTING YOUR HOME Requires Financial Assistance We are prepared to loan- i yvou the money on reasonable | i interest rates and terms to fin- ish that project. JEAVER -BROS Y REALTORS 809 15th St. N.W. Phone Main 9486 j_ SUPERIOR FAGILITIES ;e En yrauec/ Lette rbhead's STATIONERY FOR THE PROFESSIONAL MAN COMMERCIAL STATIONERY BUSINESS CARDS AND ANNOUNCEMENTS HIGH GRADE BOND PAPER BHONE MAIN S300 BRANCH 118 QUR REPRESENTATIVE WILL CALL AT YOUR OFFICE Woodward & Lothrop ENGRAVING SHOP BNGRAVERS PRINTERS BTATIONBRS