Evening Star Newspaper, November 3, 1926, Page 15

FIN ANCIAL. NEW YORK CURB MARKET Recelved by Private Wire BY WILLIAM F. HEFFERNAN. _NEW YORK, November 3.—Wall Street came down to business fol- lowing the elections in much the same attitude that has been preval- ent for the last two weeks. On to- day's Curb Exchange there was a tendency to shade prices over the greater part of the list, but the losses were confined to narrow limits and the volume of business was some- what smaller. The market was taking its cue from the action of the main body of stocks on the big hoard Oil shares attracted most attention, although what recessions comparati the latest developments trade. What was Liad been recently to work for higher prices was suspended. rding to tigures made public today domestic crude oil output in the week ended October 30 reached a new peak, in- “and York bonds New list of the Following is a stocks traded in on Curb Market today. Balcs INDUSTRIALS. 10 hundrads. i UAlpha Po Cem 4 1 | nounced. Direct to The Star Office creasing 54,718 barrels dally over the preceding week and bringing the total production within 7,875 barrels daily of the peak during the week ended May 30, 1925. .These figures were ac- companied by a general reduction of 15 to 87 cents a barrel in crude oil quotations in various midcontinen\ grades. Prominent Standard issues, like In- diana, Prairie Oil and Gas, New York and Humble Oil, were freely offered, while the demand for ‘tropical ols, which had been persistent last week and again Monday, was less pro- Creole Syndicate lost frac- tionally, while most others were un- changed. American Maracaibo was actively bought early in the session on reports of important developments concerning the Barco concession. Industrial specialties of the type of Warner Bros.” Pictures, Victor Talk- ing Machine and Freshman reached lower levels. oo0SS 350hi0 P 4%s 9 Ohio Pow 8% '52 8 Ohio Riv Ed 5a. stz S2553388332R W 0 S Rub 6las COTTON DECLINES ONHEAVY SELLING Over-Holiday Hedging and Liquidation Have Effect on Market Today. By the Assoclated Press. NEW YORK, November 3.—Cotton futures opened barely steady; Decem- ber, 12.60; January, 12.67; March, 12.88; May, 13.09; July, 13.32." The market opened barely steady today at an advance of 2 points to a decline of | 10 points, all active months being lower under heavy over-holiday hedg- ing by the South, combined with liquidation and local selling. January sold off to 1255, active months generally showing net losses of about 9 to 15 points before the end of the first hour. Trading was active. Selling was promoted by a tavorable view of the weekly weather report and a_tendency to_increase estimates of the crop, but Liverpool and the trade were fair buyers, while there also was considerable covering at the decline. ‘A Southwestern authority reported that advices pointed to an increase of 7.1 per cent over the final re- port of acreage harvested last year, which would mean a crop of 17,- 200,000 bales, but added that a con- siderable portion might not be picked owing to weather and labor condi- CLEARINGS OF BALTIMORE BANKS SHOW DECLINE Special Dispatch to The Star. BALTIMORE, November 3.—A de- cline of $63,989,338.70 in Baltimore bank clearings is reported by the clearing house for October, compared with the same month last year. This follows upon a small decline also re- ported in September, but the total for the first 10 months is already $223,- L’I?',l)sg.'fl Ih;ld to(hthe same period year and at t hij re et established. ° 'h‘s'! i Local clearings in October totaled $479,695,346.52, compared with $543,- 684,685.22 In the same month a year ago. They were also under Septem- Ig;s;,uv;'hen the aggregate was $490,654,- 76.03. In the first 10 months they were ;g.;)::f:g,slgg.(fi, compared wist'h $4,- ,851,368.92 in the corres, period of 1925. Laliis The cost of living in Athens is mounting. NEW YORK, November 3 (#.— The steamships George Washington and Robert E. Lee of the Old Domin- fon Line have been chartered by the Clyde Line, subsidiary of Atlantic, Gulf and West Indies Lines, for reg- ular weekly service to Miami. INTERNATIONAL NICKEL. NEW YORK. November 3 (P).— Net profit of International Nickel Co. for the first nine months of 1926 was $4,089,122, equal after preferred divi- dends to $2.20 a share on the com- mon, against $4,005381, or $2.14 a share, in the same period of 1925. NEW YORK MARKETS. NEW YORK, November 3 (P).— Rye barely steady; No. 2 Western, 1.08 f.0.b, New York, and 1.04% c.1.f. export. Lard weak; Middle West, 13.40a13.50. Wheat futures opened barely steady: domestic, De- cember, 1.44. Other articles un- changed. Where Can I Safely Invest My Surplus? That is a question deserving Provident Mutual Life Insurance Company Funds to Loan In Small or Large Amounts at 5% Per Cent WM. H. SAUNDERS CO., Inc. Kealtors 1433 K St. NW. Main 1016-7 '7 ln;ési(irs Take Note We have a most attractive and unique investment opper- tunity confbining the safety and soundness of a good bond with the profit taking poss bilities of a booming industrial stock. The investment bears the commendation of leading bank- ing and investing authorities. Correspondence is invited from investors who can recognize an cxceptional oi- fering. Address Box 356-J Star Office We Will Loan at 537 Economic Conditions Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. M. 475 FIRST 537 met LOAN \ON DISTRICT PROPERTY Provident Mutual Life Insurance _;Cun_puny Funds THE McLEAN CO. Frk. 1121 The New York Life Insurance Company First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland 3 Years, 5 Years,'10 Years Homes Apartments RANDALL H. FAGNER:& CGOMPANY Incorporated MORTGAGE LoaAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 careful thought and analytical consideration—a test that will convince you of the safety, de- tions and the low price. New Orleans Market. NEW ORLEANS, November 3 (#). —Cotton futures opened easy; De- Leh Val C Sales ab R Ch Strs ad S Gar vte Mid W U pr lien 1 B Mohawle Hua Pw i MINING STOCKS, Mines Tl 1 Wenden Cob INDEPENDENT 011 STOCKS. " Oifids Qo 3 Gas 5i.c 1 1025 1 Yoo W .8 971, fat P & L 65 A a8 1y Nev Ei bs. 1038 103 al 103 OT ME 0810l 101 101 hster Mil 6 T Tel 68 w FOREIGN BON LAnd Na C 08 w 4 Antioqua Ts A 13 Antioqua Baden 78 November 3 (#).— Earnings of more than $15 a share | charges’ fo be slight on the common stock is the outlook for Pere Marquette for 1926, sa rank H. Alfred, president, who ex: ed October gross earnings to reach $4,500,000, and surplus after over $1,000,000. INIi‘IAL DIVIDEND. W YORK, November 3 (#).— Shares Corporation declared initial dividend of 50 cents a e on the common stock, payable december 15 to holders of record No- an | vember 30. e 2 NOTES ARE PAID. NEW YORK, November 3 (#) gentine notes amounting to $7,107 taken by Baldwin Locomotive Works for engines sold five years ago, plus interest, were paid on maturity Sat- urday. Accumulated interest brought the total to $7,345,000. g Washington Stock Exchange SALES. l"ffl:n;(mn 55—$1,000 at 10114 K 55—$1.500 at 99%, - Pow. 6s 1953—$500 at 2 l;‘:'(‘.’mme Elec. Pow. g. & r. 7s—%1,000 Washington Gas 5s—$5.000 at 100. w.mhum:un {;‘a ‘&19}‘] —$100 at 101, 110 W Elec. 2, I‘-‘l“b*‘ll! l| £y ec. 45—$2.000 at : ll‘:l".l:’ll(‘hl“‘" Rwy. & Elec. g. & r. 65— Ca 1 Tr: on Co.—10 at 1041 pfd:—15 at 80, 10 at 80 et nsfer Storage ptd.—10 Mergenthaler Linotype—8 at 108. The eale as of Monday, Wash- 33, $4.000 at 1021, ehould . Gas " Potom ec 06 at '—Call loans. 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. el & Telga. 4s & Te Amer. Tell & Avacostia & Pot Anacostia & Pot. guar. C. & P. Telephone 58 & P Tel of Va. Capital Traction R, ty & Suburban 5 Potomac E | Botonia Pot. EL P Wah. Wash w Ghase Club Sl STOCKS. © UTILITY. ac Fle h. Ry, & Rwy. ‘.\\14 chau Nationa] Sav. Thion -Trost Wash: Loan & Tru venth g United States - | Washington Mechanics™.. i FIRE 1 | American f oran Thion’s 11l 2 TITLE INSURANCE. mpia Tigle.. . Estate itie.. Inv. of Md. co MISCELLANEOUS. ve AT Tran. & Storage. 110 & Stor. pfd. 10 I | Tuv. pf makers of China are facing a wool shortage. L1 cember, 12.63: January, 12.68; March, 12.82; May, 13.02; July, 13.20 asked. The market opened easy here today with Liverpool cables about as due. First trades showed losses of 9 to 13 pofnts and the market continued downward after the start until De- cember traded to 12.51. January to 12,58 and March at 127, or 19 to 22 points below yesterday's close. The decline was due to favorable weather, a belief that the killing frost has done little damage, a favorable weekly weather report and a private crop estimate of 18,200,000 bales. Liverpool Quotations. LIVERPOOL, November 3 (#). Cotton—Spot quiet; prices stead American strict good middling, 8.01; good middling, 7.66: strict middling, 7.41; middling, 7.06; strict low mid- dling, 6.66; low middling, 6.16; strict good ordinary, 5.81; good ordinary, 5.16. Sales, 7,000 bales, including 3,900 American. _ Receipts, 9,000 bales, American 8,100. Futures closed barely steady. November, 6.69; December, 6.72; January, 6.78; March, 6.86; May, 6.95; July, 7.03; September, 7.10; Oc. tober, 7,i3. NEW YORK PRODUCE. NEW YORK, November 3 (Special). —The demand for Concord grapes was a trifle more active today. Western and central New York 12-quart bas- wholesaled at 37%ad2%; occa- ionally small sales at 45. - Celery was in moderate receipt. Golden self-blanching, in rough, pack- e in two-third crates,gold mainly around 2.50a2.75. Barreled apple supply was moder- ate. Grade A 2%-inch western New York greenings sold at 3.00a3.25 per barrel; grade A 2% and 3 inch Kings, Wolf Rivers and Twenty Ounces brought 2.50a8.00. Western New York sacked carrots were in limited receipt. Large sales were reported at 1.50 per 100 pounds. Supplies of white potatoes were abundant. Upstate bulk round whites peddled out principally around 5.00 per 180 pounds, occasionally at 5.25. i S A Fool and His Money. The fact that a stock certificate 1s printed in fancy green scrollwork is no proof that it is worth any mdre than ordinary wall paper. Thousands of people in Washington would have saved their money if they simply had asked their banker to tell them what he knew of some supposedly wonder- ful investment. FINISHED STEEL QUIET. EW YORK, November 3 (®).— “Pig iron and steel markets are at variance,” Iron Age says, “the former being very active at advancing prices, due to the flurry in coal, while in finished steel there has been another week of quietness. Steel production has not been affected as yet to the same extent as order books, but it is evident that November ingot output will show more decline in comparison with October than was seen last month in comparison with Sep- tembe Prompt Action. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. l;:z'hxenr & Company, Inc. 38 _15t] WE PAY MORE INTEREST ON SAVINGS ACCOUNTS Than Any Other National Bank in Washington Interest on DAILY Balances Come in and let us explain . 9] Commercial Nat'l Bank 14th and G Streets Resources $17,000,000 ®. GOLDEN DONALDSON. PRESIDENT Construction LOANS D. C. and Maryland FRED T. NESBIT 1010 Vermont Ave. M. 9392 Money to Loan Secured by first deed of trust on real estate Prevailing interest and commission, Joseph 1. Weller {33 Vo3t 123 The Mutual Serial Building Association Oreanized October. 1892 Under Government Supervision Subscribe NOW for stock in| the 35th Series Shares $1 Each, Payable Monthly 5% Interest paid on your savings Joseph Gol President Thomas E. Petty Secretary 1421 U Street . J. Walter Stephenson . Treasurer 306 7th Street S.W. | pendability and qualities of our First Mortgage Notes remuneration Equitable Co-operative Buflding Ass’n JOHN JOY EDSON, President Organized 1879 Assets $5,136,317.22 FRANK P. REESIDE, Secretary 16th YEAR COMPLETED Surplus $1,406,195.76 Subscriptions for the 90th Issue of Stock Being Received SHARES $2.50 PER MONTH AR Join the Equitable and Save Systematically You know the old adage “From little acorns big oak trees grow.” a little bit of your regularly each pay day in the Equitable will eventually grow into a large amount. Likewise salary deposited ‘This is the result of systematic saving. Join today. 915 F Street N.W. 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