Evening Star Newspaper, December 14, 1926, Page 15

FINANCIAL. BUTTER IS FIRMER N CENTER MARKET Egg Prices Are Weaker, While Other Values Are About Unchanged. A very firm condition of the butter market was reported this morning. while the egg market showed signs of further weakening. Dealers think butter prices will go Mo higher than the prevailing high prices, but are unable to suggest When lower prices may be expected. Increased receipts and lower prices of eges, it Is stated, have increased the demand for fresh stock, many con- sumers having bought storage eggs when higher prices for'the fresh stock prevailed. Turkey and other poultry prices re- mained practically unchanged this morning. Dealers expect the first rush of turkeys for the Christmas market will reach here Thursday or Friday. Today’s Wholesale Prices. Butter—Fancy, 1-pound prlnts. 59a 60: tub, 5Ra59; store packed, 38. Eggs—Fresh, selected, 53; hennery, G5a58: current receipts, 50a51; stor- age. 38. Poultr; chickens, .lll e — Turkeys, 40a43; 23a25; White Leghorns, 28; fow : roosters, 16a17; ducks, oung, 20a25; old, 20; keats, young, 60a70; old, 30a40. Dressed—Turkeys, 650a52; capons, fancy. heavy, 47ad8; smaller, 40a: chickens, 27a. k young, 80a90; old, 35a40; rabbit: No. 2, 20a25 veal, 22a23; s, 26a30; shoul- loins, 28a30; smoked hams, 30; smoked shoulders, 18a21. Live stock—Calves, choice, 13; me- dium, 11; thin, 6a7; lamb, 13. Fruit and Vegetable Review. Today's market report on fruits and vegetables, compiled by the Mar- ket News Service Bureau of Agricul- \tural Economics, says: Apples—Supplles liberal; demand slow, market steady; barrels, Pennsyl- vania, No. 1, Grimes, 21 inches up, 8.50; boxes, Northwestern, medium to large size, extra fancy, Delicious, 3.00a3.50; extra fancy, Spitzenburgs, 2.00a2. few higher; bushel baskets, l\l&ryland and Virginla, No. 1, Stay mans, medium to large size, T5al.. unclassified, medium to large size, 6 Cabbage—Supplies moderate; de- mand moderate, market steady; New York, bulk, per ton, Danish type, me- dium size, 38.00. Celery—Supplies moderate: demand moderate, market steady; New York, 2-3 crates, 2.00a2.50; few fancy, California, crates, medium size, 5.00 large size, 4.50. Lettuce—Supplies moderate; demand moderate, market fairly steady; Flor- 4da, 11; bushel hampers, big Boston type, 2.00a2.25, few 2.50: California, crates_iceberg type; Central district, -5 dozen, 3.50a4.00, few 4.25; Imperial valley, 4-5 dozen, 4.00a4 Onions—Supplies light; moderate, market steady; Michigan, 100-pound sacks, yellows, United States No. 1, large size, 2.50a2.65, mostly 2.50. Potatoes—Supplies liberal; demand moderate, market slightly weaker: Michigan. 150-pound sacks Russet Ru- rals, United States No. 1, 4.25a4.50; New York. 150-pound sacks, Round ‘Whites. United States No. 1, fair qual- ity and condition, 4.00, frozen, wide range in prices low as 2.00, Spinach Market Steady. Spinach—Supplies moderate; demand light, market steady; Virginia, Nor- folk section, cloth-top veneer barrels, @avoy type, 1.40al.50; Texas, bushel baskets, Savoy type, 1.00a1.10, Sweet potatoes—Supplies moderate; demand slow: market dull; North Carolina, cloth top stave barrels, yel- lows, No. 1, best, mostly 2.50;. fair quality and condition, 1.75a2.25. Cucumbers—Supplies light; demand moderate, market steady; Florida, square bushel crates, fancy, 3.50a3.75; choice, mostly 2.50. . Squash—Supplies light, market dull: crates, white. 2.50a2. sales reported. String beans—Supplies nroderate; demand light, market steady; Florida, %-bushel' hampers, green, best, 2.50 a3.00; fair to uldlnnr) quality and con- dition, 1 00. demand demand pepper vellows, no Washington Stock Exchange ( SALES. Potomac, Electelc nid O fieton an Liht l(mlmwlxul Trust Co. e an 107 AFTER CALL. Washington Gos—2 at 70% Money—Call loans. 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Merzenthaler American Tel, & Telgy, 4s. & Teica 43 . o % 01 0635 Washington Washington Wash ash. Bwy Wash. ey Chase 5), esinut Farmu b o L o stori, Ld B §oumern Bide S o, & timan: Park Hotel Ko o STOCKS. PUBLIC UTILITY American, Tel 14 I Tr TRUST COMPANY jpierican Security & Trust an SAVINGS BANK & Savings Firemen Xationa” Uion - TITLE INSURANC D C. Paper nfd Tederal-Americ Foderal-Am Fedoral Storage bl Lanston Monots minaler Linospe Mige. & Tov. pii .,,‘,,fl.,. rig Stores pid ’\mmnnf:‘nl ricet. THE EVENING STAR, WASHINGTON, D. /COTTON REACTION "NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM R. HEFFERNAN. Special Dispatch to The Star. NEW YORK, December 14.—The outstanding feature of the Curb Ex- change trading today was the spec- tacular selling of Serv-El Corpora- tion issues which carried the 6 per cent bonds down at one time below 61, to the lowest at which the issue has ever sold and off more than 16 points on the day. A break of this magnitude in the bond issue was cause for considerable anxiety on the part of holders, and was the basis for comment in specu- lative quarters. At the same time Serv-El common stock went to new low levels, below 6, as against the previous final 7. While these offerings were having their effect upon the market for Serv- El issues, Electric Refrigeration 6s bonds were holding firm at the previ- ous closing of 99. This was clear enough proof that there was nothing in the situation of the industry itselt to account for the break in Serv-El bonds and stocks, and that offerings were the result of some special rea- son pertaining to the corporation it- self. Following is a list of bonds_and stocks traded in on the New York Curb Market today. INDUSTRIALS. H 2 Ula Gt South Pick Bar vk- Bl 1Al % 2 Allled P A od Co -t n, Agutrre Su PO amieis o BAGEeeD2 BALDIA BERE PR EFR $F BT AE pet LAIE 1-P Sttt 4 Commy P n B 3 Consol 3 Connal G Balt i B rin 85 23 " FRERREER SEE L £ 20333 2 1 67 a2 3 Fageol Mot Co, 73 Faiardo Sug 3 i Fanny Far Inc. lF‘|lm Insnec ) 1 Fireat T 7% nfd I Foundaton Fior A 11 Fox Thenters A. 1 Franic 3 H Mte & Freed Eisem R C TR @iilien 3 13 oD 183 maDRD 3SR B T AR A D= LD ANBISD BT = W1 1= D D Do 19 gD 193 maDiDD CREREREDE FR-tre PR EIhentt £33 5 FERLAE PRES A W FREASE RERRER @ & FEEF 3 " SRES, Prod, 1 ('|Bn Alden Coll 1 2 Gohel = FrrEn - @i TS C F SRR 58522020 iomnd £ @ Ta! in a!‘i'!ld&c" nu. an 18 fand_Co 1|n'"‘.’ #E-K.F BARRRRR o iR o bamD [EECE SR LTS 21392300150 3000 3333885% 'r & SR S S 2 5 Xo States P C or Sta P C pf. ; Faimalivec0 i 100 der D a" 5 Pyrene 27 Rand ®ar Bur 1 nw §';"" bt "rm o H 10 Rich R s Rad hid 7 R(kanh:rk u..: R, There appeared to be no top for Vic- tor Talking Machine stock, which was carried forward briskly toa new high under the same sort of buying which has come into the market since pub- Meation of the latest earnings figures and the announcement that new bank- ing interests had come into the com- pany. Rand-Kardex continued to be in- fluenced by merger rumors and was carried to within a_ fraction of the high record established on the pre- vious upturn. Sugar stocks were in urgent demand under leadership of Central Aguiri which was carried to a new top. The turn for the better in the sugar in- dustry also made itself felt in the mar- ket for Fajardo Sugar. Buying of both issues was based on the conten- tlon that because of low operating hese compar tes stood to benefit ned improvement in the sugar si . Oil shares Dore their share In the upturn under leadership of Humble 0il, up more than a point, and nd- ard of Indiana, which was actively taken at its high for the present move- ment. 1000 Prairie O & G n 850 Prairie P L 50 Sou W Pen: Ind. ehunbaotsa Exaaaceas n 0 Ohi 600 Vacuum' il 28 Am Gas & EI 63, 102% 6 Am Pow & 1, 6 101 eaig G 83 lnl»l Paper 'it. b1 HoG0... & L 2 Long sl Lt Ga.. 7 Manit P 58 Mass Gas 7‘*: W S&: SR ) 100 e T i e TR 285 ! ey e 222 ey B o w o0 £ SRS SSEISSETARES: 2RSSR SR SESRRSEE 3 e O =Boa=5S5505e e os CaE ul the P&L Sou ‘e B2 2. W 150 o oSoScoxeasliioSn e B RN D51 D S B APITN Bizz oSl ) = SEERE2 x50 i 00 Tal ; 61 Warner Bros Pic White Sew Mach 27 Woolworth n wi. Sales MINING STOCKS. i hundreds. Ariz Globe C et ) Sp 30 Shoansht 12 1 Tono Min . Sales INDEPENDENT OIL STOC| n hundreds. EDES .*fl)"&r‘ TS Pt mnmi oil Lion Oil m\nm’! ‘yl\d i » otz IR ountProd ow Mex Lanid Cont X Ol et ESCHCE & Bante Pei . l(ul )nnk Oil, ster ou 0 &R fomas: P i sisss SEaSistZeatniEe Sales in units. 1500 con 01 nd 0(' Gal Sig Humblo uu & i 15Pra e STANDARD OIL. ISSUES. Oil o, 10% 19 P L wb" 18" 3 L ; & B A (‘l’l‘ w % | Chi.. 28 Gontinenta, & Goodyear T. Pie Went 1 e Young § & T 6 Sal 4 Mluen.nmld‘. FOREIGN 5 Baden 78, 4 Buenos Ai 42 Buenos Air Td M 24 T Pun Ut 7 3 Krupp Fried 1§ Leonh Tie ¢ 8M S ; STEEL MILLS ACTIVE. NEW YORK, December 14 (#).— Operations of subsidiaries of the United States Steel Corporation in the Middle West are reported at around 80 per cent of capacity. In- land Steel, a leading independent, is at about 85 per cent. SHORT-TERM SECURITIES (Reported by J. & W. fleunanu & Co) 001 —— dirond, P. 1";\11'1\»(; fi: 1020, 1 i 8 Tel. Co. lfl"fl da_Cop Taocinied O 88 Baltimore & O Bell Tel. of r,.uul or, C. 4% orgla 6 16 Wi 5 Paul 68 Tous ity of Yyon @a 1034 0., Columb. El 1;: gu igy ‘s 5B 1928 T 1936, .1 A Al Am A A Qregon %hun ‘Lluo s Bone“oil oo, 8348 Mllll‘lllr C. l'l ol o™ i 1 Swlte’s Go. Dion i %ot Union P Uni GERMAN BONDS AND STOCKS. (Quoted in dollars per mllllnl‘!‘l‘nmrk:&g Ger Gt (w In) Sg 1014-18 17 Hamburg 4 bas 1019, (Quotedin_doflure pet th @ n Elec 418 pre-w Gor Gen Eiec 4138 1019, ar North German Denasian Consols” 3 73 Erupp 08 1021, Dusseldor{ 4 Frankfort o Mupich Badische Aumn G (Ger RS Commerz and Privat Ba Disconto Gellschaft . ner Bank . re Dentsche Bank . Darmstaedier Mercur Bank Vienna en Chemical. E G (Gen Eleci Borituér Fandele - FOREIGN EXCHANGE, Quotations furnished by W. B. Hibbs & Co.) | London Montreal Paris, [ uuo1e ks "f” 3 WOOL MARKET DULL. BOSTON, Decémber 14 (Special).— The Boston wool market continued dull today under the influence of sea- business. The lower price level FOLLOWS ADVANGE Bullish, But Hedging Is Encountered. are shopping around for bargains. at 105 or lower, while exceptionally good sorts have moved as low as 107. Fine scoured wool in original bags has sold at §1.00. Ohio fleece wools continue qulet NEW YORK MABKETS NEW YORK, December 14 (#).— e firm; No. 2 Western, 1.0513, f.o.b. New York and 1.08%, c.if. export. Lard, weak; Middlewest, 12.40a12.50. Wheat futures opened barely steady: domestic, May, 1.423%. Other articles unchnnm‘d By the Associated Press. NEW YORK, December 14.—The cotton market opened firm today at an advance of 9 to 11 points on a renewal of yesterday's buying move- ment and covering promoted by com- aratively steady Liverpool cables and the census report showing domestic consumption of 553,950 b for No- vember, compared with October and The advance secmed Southern hedginz and real after selling 2 for M: ts from the t hour. ate cables said there had been some covering and London buying in Liverpool, but that fears of lower prices were checking business in cot- ton goods. The reaction from the early advance carried prices off to 11.97 for January and 1242 for May, near vesterday’s closing quotation. = Offerings remained light, however, and the market was quiet, with the active holding 3 or 4 points Conflicting spot advice: ived from the South, but v uthern hedging was reported here during the morning New Orieans Market. NEW ORLEANS, December The cotton market opened here today, with January 2 down. As the N 1eport proved batlish opened 4 to 6 points up. All active months improved after the call, but the market lacked strength and soon eased off. At the highest traded at 12.09, March at 1 May at 1 or 6 to 7 points above yesterday’s close. Liverpool cables were favorable. Over 8Y2% Yield SAFE and DEPENDABLE Collateral Trustee Certinficates r THE NEW ENGLAND INVESTMENT TRUST, Federal National Bank of Boston, Trustee i l‘..ifl..“’uffi""t"‘;"zifi‘“?h tock Exchunge—embracing every Imbortant Industrs. such U. S, Steel Amer. Tel. & Tel. General Motors Amer. Tobacco Consolidated Gas Eastman Kodak Standard Oils N. Y. Central Kennecott Copper Atchison R. R. gnd 30 ather old established corpora: tions, ude in their ighest technical und financial N Booklei—¢“Profitable _ Investment Through Diversifleation”’” containa infor- ion of qres ovember last | to meet ing, und HOME OWNERS LOANS 5 to $200 within one day. 6% lnnmn and_brokern We_tal reacted 4 lu the end of bavers you Iave to vous property.. Fr. 881. Real Estate Small Loan Co. 702 District National Bauk Bldg. | First andl Second Trasts We have immediately available several personally selected First and Second Trust Notes, ranz- g from $4.500 to $8,500, amply secured by im- proved properties in_D. . and Maryland, on which a little more than normal returns are obtainable. E. W. SPINK 1030 Investment Bldg. Phone Main 97 FIRST MORTGAGES FOR SALE 6‘/2 % In denominations of $250, $500, $750, $1,000 and upwards, se- cured on improved real estate situated in the District of Columbia. JAMES F. SHEA 643 Louisiana Ave. N.W. 14 (). easy points onsumption later months INC. We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. Should you havc 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. 926 15th St. N.W. Perhaps Your Apartments OMPAN flfilnvlsrn enT Securitizs WOODWARD BUILDING T iy WASHINGTON, B.C. A Third of —are not earning the full profit they should. What- ever the reason may be, our Property Management Department, through ex- perienced analysis, will lo- cate the source of trouble and remedy it most profit- ably for you. Call us in; call on us. . ‘B. F. SAUL CO. Main 2100 925 15th St. N'W. sonal slowing down in the volume of |ary 1, reached In the course of the recent [scale is not recogni setback has brought mills into the|Which have been striking in an market, but for the most part buyers | tempt to force a closed shop. 1 TUESDAY, DECEMBER 14, 1926. INCREASES GRANTED. SAN FRANCISCO, December 14 (Special)—The new ' bullding _ trade age scale announced by employers, and which will become effective grants general increases rang- ing from 50 cents to §2 a day, The the unions The strike has not hampered building ma- Some fine territory wool has moved terlally, however. EXTRA IS DECLARED CHICAGO, December 11 (#). rectors of the Union Trust Co., ¢ go, have declared an extra div of 2 per cent in addition to the regu- lar quarterly dividend of 3 per cent. .| Secured by first deed of trust on real estate. vailing interest and commission. er 120 Wash. L. & Trast Bldg., Oth & F N.W. 43.8 Miles on Gal of Gas it XV Hutoe rems smoorher—pee. Venis diluton €rank. €ase ol ¥ Costs enly $300 - and for itself ‘many tmes stasic Car- b bureter %7 ot T Sy ek ‘Guaranteed Trial Offer "4 nts Wanted I)l\lrflimm 1821 T St. N.W. Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Checking Accounts Savings Accounts Time Deposits Foreign Exchange Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Provision made for payment of District of Columbia Five Mill Tax MATURITIES: 2 TO 12 YEARS Established 1904 Incorporated Capital & Surplus Over $9,000,000 17th and H Streets, N. W. ‘Washington, D. C. Telephons: Main 884 Please send me, without obiigation, f complete information _ regarding the 6% Bonds you are offering. Open Until 5:30 P.M. Tomorrow and Thursday Dec. 15th and 16th Our Fifty- ninth Xmas UR lengthy service in the financial in- terests of the community covers a period of over half a century, the ap- proaching Christmas being our fifty-ninth. William D. Hoov Woodbury Blair, Frank W. Stone, 2d V. Pr k Stetson, Trust Officer. C. Lamborn, Tri r E. Percival Wilson, Secretary. Frank R. Ullmer, Asst. Tre: Bruce Baird, Asst. Tr. Officer. David Bornet, Asst. Tr. Officen. John W. Calvert, Asst. Tre: W. Hiles Pardoe, A Alexander J. Fant, s John M. Bot t. Sec. Audley A. P. Savage, Auditor. DIRECTORS: James J. Becker Woodbury Blair Wm. A. H. Church Walter C. Clephane H. Rosier Dulany, Jr. Wm. E. Edmonston K { Such a record argues- well for this bank’s pol- icies—bespeaks strength and permanency. fYour PAYDAY deposi- tory should possess these attributes. #¥ Practically any sum will y open an account at Na- William D. Hoover i ings. Walter Bruce Howe tional Savings Reginald S. Huidekoper Victor Kauffmann Edmund D. Rheem Frank Stetson Frank W. Stone Wvlh m H. Walker am B, Willard N atlonal Savings & TrustCo. Capital and Surplus, $3,000.000.00 Oldest Savings Institution in Washington Cor. 15th and New York Ave. Same Rate of Interest Paid on Large and Small Accounts Neme. Address % Compound Interest Paid on SAVINGS FINANCIAL. 16%% PURCHASES IN U. S. NEW YORK, December 14 (8).— Purchases in the United Sattes of cat dyes and machinery by the an Textile e York for the Alllnion Te Syndicate of Moscow in its three year of operations totaled $130,500,000, of which all except $300,000 was for cot- ton. CONSULT US =—for safe inves! Bt Wm. H. Snnndm Coq Mortgage Notes '".“f’ds.‘.::.“’.m.:‘fl i }WWW The New York Life Insurance Company Offers First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby \-xrmvm in \Innm.nwn County, Maryland » 5 Years, 10 Years 51/2% Wersemic RaNDALL B. MAGNER:<& COMPANY Incorporated MoRTGAGE LoaN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Homes Apartments We have the following First Mortgage Bonds for Sale In amounts of $100 Which We Offer at 97 and Accrued Interest This will make a very attractive Christmas pres- ent to give to a member of your family. BOULEVARD APARTMENTS, 7’s, 1935 CITY INVESTMENT CORPORATION, 6';’s, 1938 CRESTSHIRE APARTMENT BUILDING, 6%’s, 1936 ELOISE APARTMENT, 7’s, 1936 43RD. & LOCUST STREET APT. BLDG., 7’s, 1935 HILLTOP MANOR APARTMENTS, 6%’s, 1929 HUNTINGTON HALL APARTMENT BUILDING. 7's, 1936 2100 MASSACHUSETTS AVE, INC, 7’s, 1 RIVERSIDE APARTMENTS, 7’s, 1934 VERMONT BUILDING, 7’s, 1929 AND 1934 INTERNATIONAL BANK 807 15th St. N.W. Phone Main 864 Continuity of Service A LITTLE more than twent y years ago Shannon & Luchs, Inc., commenced selling First Mortgage Notes on a small scale. Every year our brokerage business basiigeradsad i Kee vais Gailivs satisfactorily served clients — and because they have never lost a penny in either Principal or Interest, we have made them our friends. We offer you the advantage of twenty years of Successful Investment Experience MORTGAGE CONVENIENCE 3e assured of immediate, attentive service in your First Mortgage ILoans. We invite applications for loans on Residences, Business Property or Apartments. Low rate of interest and commission B SAUL CO Main 2100 OPEN UNTIL 5:30 P.M. TOMORROW Capital, Surplus & Undivided Prof; Over §2,000,000.00 Christmas Demands —on the purse. are legitimate, within bounds, but better not be an over- generous Santa Claus: The future must be provided for, at all times. 4 Make your usual savings ac- count deposit This Payday— we'll be open for your con- venience until 5:30 Tomorrow afternoon. ¢ One Dollar or more will open a Savings Account. National Metropolitan Organized in 1814 15th Street, ‘Opposite Treasury 112 Years Old Holiday Remittances May Be Sent to Europe and Elsewhere Oldest Natienal Bank in the District of Columbia