Evening Star Newspaper, December 28, 1926, Page 15

FINANCIAL. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office THE EVENING BUYING IS SLOWER INCOTTON MARKET Prices Meet Considerable Realizing After Early Gains in Today’s Trading. STAR, WASHINGTON, D. C., FINANCIAL. 1 points, although the opening tone was TUESDAY, DECEMBER . L s ) PROPERTIES ARE SOLD. ; Rio, 15% Tn]l:-\\' (X\rrr\ner': rflpm' ;ady and Liverpool cables proved as| = 0 S f oose, T14: extra, T%. Wheat futures | March | NEW YORK. Decemb 28 _(P opened ste: do h\"‘:lfll‘ M k. at 12.7 A " ‘Wwhich | T'roperties of the American Writing [ QRoned stendys domertic Ma) BYOTEA £5 Lo tho Sows. lied | 'aper Co., at Holyoke, Mass, have 3 to yesterd: s closing on unfa ahle | Deen sold to the reorganization com- = weather 1 , but eased ¢ n | mittee for $1,900,000. BUTTER IS HIGHER. on an official forecast for favorable - CHICAGO, December 28 UP).—But- ter higher; receipts, 11,862 tubs; Fes NEW YORK MARKETS, creamery extras, 51; standards, 49; SR Ny NEW YORK, December 28 (). LIVERPOOL, December 28 ve firs No. 2 Western, 1. ‘l)», f.0.b extra first: 44a46; sec- Cotton—Spot quiet, prices ow York, and 1.09% c.i r; receipts, rican strict good middling, T ey stead malting, |Iu4 4; ordinary i v extras, 28, 1926. W a Century's FExperience A Third of j ,1,” Illllfll // Increase Your Rental Income 28 Tnd Oi1 & G 6%2101% 101% Polloting 1s a list MR olloting s a list of bonds and ind P \",m 101 stocks traded tn on the > ork Curb Market today. —by having us, as Prop- Management special- ists, attend to every detail with the methods over Third of a Century's suc- cess has proved most suc- cessful. Our service is economical, and it econo mizes for you. It shows ; strict middli Lard eas: strict low 1 dling, 5.8 good ordi 4.2, Sales, ales, including 4 { American. = R . 11000 bales: i 6,100, Futures closed quiet; 6.65; March, i October § clf., Middlo. West e steady; i The New York Life Insurance Company Offers First Mortgage Loans you a real, regular profit. On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland Soirmse | B.F. SAUL co. 51 oot EoirHRe Main 2100 925 15th St. N.W. Apartments / 2 % Business Properties - . RANDALL H. IAGNER«® COMPANTY ||| ital & Surphus, $3.000,000 Tncorporated y s MORTGAGE LoAN GORRESPONDENT Utilize Your 1321 Connecticut Avenue Telephone Main 9700 Xmas Checks —to open a bank ac- count, and you'll extend Xmas cheer materially. By the Associated Press, N Y YORK, December cotton market opened steady tod an advance of 5 to & points on a T continuation of vesterday's buying movement, inspired by the relative DIVIDENDS. firmness of near months and reports Po- s of continued unfavorable weather for riod, able saving the balance of the erop in the o ix $0.25 3 S 185 F outh. $1.00 The advance to 12.90 for March and ! 13.2% for July contracts £ Jan 16 Feb 15 &tock of 3 Bridgej Freard 82 Brili” Corp "4 il Corp |2 Bidyn “City RR. Bueyrus Co. ... 2 Can’ Ind Alcghol 3 Celluloid Co...... # Celluloud Co” b 7 Con Aguiree 1%.% Dee 31 | able realizing Feb 1 1o be a little s | Wil eased off 7 or X points from the best reroarey 21 by the end of the first hour. Buying| boos - 9 50934 Feb 1 was less active than yesterday, sug gesting that the shc interest had been Jargely reduced. Private cables said there had bheen continental buying of distant months in Liverpool, supplied by hedging and liquidat 1 New Orle: Market. NEW ORLEANS, December 28 (#). ! —First trades in the cotton market e here today showed losses of 3 to 6| [n denominations of szso, $500, =| $750, $1,000 and upwards, se- - Money to Loan cured on improved real estate Secured by firat deed of trust on real estate. | situated in the District of Prowailing interest and luu nission, Col % olum Joseph 1. We er‘~ . JAMES F. SHEA _Bldg., mn 1 643 Louisiana Ave. N.W. 6%% ; First No Mortgage Wnl‘ H. Saunders Co, Homes Jan 14 | Jan 14 | ent Pip Cor it & Southw. & Svg & B 1. FIRST MORTGAGES FOR SALE THE WASHINGTON LOAN AND TRUST COMPANY PIONEER TRUST COMPANY OF WASHINGTON CONSULT US —for safe investment of yous surblus tunds. ' Look 1o the future by investing 7 Almost any amount will start an interest-earning account at this old institu-. tion. Inc, Founded 1887 * 14 o n.w. Washington, A We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Thirty-five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. Safe Deposit Boxes National Savings & Trust Co. 59th Oldest Savings Institution in the District of Columbia Year Cor. 15th and New York Ave. % 0530 05 n St W 6% C 101 % 10 101 % Ex-dividend. Happiness C St A 13 Happiness C StF 1 Hazeltine Cor HOME OWNERS LOS HOME FURNITURE to §2 within one da 4 Wall Street Briefs NEW YORK, December 28 (£).— Aggregate net opérating income of the first 20 raflroads to report No- vember earnings amounted to $38,368,- 980, an increase of about $620,000, or 1.6 per cent, over November last year, but a drop of 27.2 per cent compared with the $48,819,722 for the same num- ber of carrfers in October this year. Gross revenues were $5,597,817 larger than a year ago. Ll L In addition to the various facilities rendered for Real Estate Sm-" Lo.ln Co. Furniture Loan Procurement Co. 02 District National Bank BId, FIRST MORTGAGE LOANS years, this Company now offers the services of its COMMERCIAL DEPARTMENT and suggests that those interested in this branch of our business con- sult with the officer in charge. 53 FERNR Daily production of Transcontinental Ol Co. for the year to December 27| exceeded 11,000 barrels, compared with daily average output of 5,391 in 1925. 5 We are in the market for placing First Mortgages on either improved property or for building construction. Prompt answers. Over 8Y2% Yield SAFE and DEPENDABLE Collateral Trustee Certificates THE NEW ENGLAND INVESTMENT TRUST, Federal National Bank & EERPIEREE .f' EEEL, Sesi o) November net operating income of the Chicago and North Western de- | clined to $1,062,551 from $1,400,669 in November last year, but for the 11 months stood at $22,023,252 against $19,754,607 in the same period of 1925, | November gross was $12,493,601 against $12,241,693 a year ago. | 4 Philip Morr) % l"lnsh YT B 1608 v Secur Corn. 8§ JOHN B. LARNER, President. S St b - 13 psonssy Low rate of interest and commission VAR R R RRREFRRYRE R 19 pones! INC. P"o't'd 105* First [VJortgage - 5 - > The earnings report of the New A 2% Ln 31 &L vu.- .w - Biors 2omi cousts 581 - ;.;2:,».:“...,,,.»‘* 20 D100 AN S O S DEII I o D BN L B E MRS F e S e SRR RN R R sson 52! SRR A el sseto Bor 1 o FEEER FIEN R York, New Haven and Hartford Rail- road for November shows net income | of $702,692 after all charges, and for the 11 months of the vear, $7,934,700. The month’s gross revenues increased | $495,725 over November last vear, | freight earnings were $398,967 larger and passenger earnings gained $67,592. | In contrast to a deficit of $212,516 for November last year, the Dela-| of Boston, Trustee These certificates represent o oarticipat- ing gwnership i 80 dividend-paying cor: porations——stocks listed on the orke Stock | Exehange—embracing every important indus! U.'S. Steel Amer: Tel, & Tel, General Motors ~ _Amer. Tobacco Consolidated Gas Eastman Kodak Standard Oils N. Y. Central Kennecott Copper. ’Abtltlrl'l’hdon R. R. flonn. " w»."m."n.':u dc”in’ thelr manage: ware and Hudson Co." reports net operating income of $820,914 for No- vember this year. Gross revenues jumped to $4,117,934 from $2,310,989. Net for the 11 months was $9,771,879 he & “_“_ f st technical and financial o Profitable _Tnv Throuzh Diversification’” mnt.ln"‘d."fi.':‘- mnrlon of vital interest to ti rll‘e.lfll‘ g lemands _safety, g ‘V ield nd or your ¢o . (lh?lll"oll g i Bonds Secured by busi- ness properties. Seasoned and near seasoned issues. Call or write Marlow-Beech Corporation When Borrowing on Property » B..F. SAUL CO. Main 2100 925 15th St. N'W. g ™ 20 B oo b rehsomHo 1615 Conn. Ave. Pot. 6167 against $6,699,226 a year ago. Kay County Gas ‘Co., subsidiary of Marland Oil, 15 understood to have made a ‘ontract to deliver to Hum. | ble Ol and Refining Co. about 25,000 barrels of crude oll daily, of which 15,000 barrels will be moved from | the Panhandle fleld and 10,000 bar- rels from Crane and Upton coun- ties, Tex. BT RN E R S S et S R e BB B B B B 25 B e S P =' —consult us about the Metmpolitan 8% Sad 33 * MINING STOCKS. unds Conn Gep Min.. 3 30 Cont & 8 '=‘ glde oo PAN' g [rvesTmENT Secumimiss WOODWARD SUILDING WASHINGTON.DC. Life Insurance Company Real Estate t o eE e B0k Loan. 4 wam o oue P e s B b s PAPER PROFIT Permanent Continental Trust Co. 14th and H Streets Capital $1,000,000.00 A new rule went Into operation on the Rubber Exchange of New York yesterday, providing that trading in t ] | o o otk § e st PET T s The low interest rate and long term L A the current month shall stop at noon on the last trading day on which transferable notices may be issued for delivery. oy PO RS arrangement will prove economical to 2o 2abs 1 &F Listed stocks and 2k bonds bought and -sold on commission. | 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 POTATO MARKET FIRM. CHICAGO, December 28 (#).—Po- tatoes, receipts, 57 cars; on track 168 cars; total U. 8. shipments, 316 care trading good, market firm; Wisconsin sacked round whites, 2.35a2.50; Idaho sacked russets, 2.75a8.00; occasional shade higher; mostly 2.80a2.90. PRICES ON PARIS BOURSE. PARIS, December 28 (#).—Prices were irregular on the Bourse today. Three per cent rentes, 53 francs ¢ centimes; exchange on London, 122 francs 45 centimes; 5 per cent loan, 60 francs 90 centimes. The dollar was | quoted at 25 francs 23 centimes. h 8 Wenden "Cop. 10" e arINDEPENDENT dreds. OAm Gon_Oilnds. HE only profits that pay are Tthe profits you keep. If you have profited while the security markét is good, there- fore, the logical step is to invest your profits in bonds that will be good when the market goes bad. Smith Bonds commend them- selves for such a purpose. They are protected by large equities and ample earning power, and the record of The F. H. Smith Company— No Loss to Any Investor in 53 Years —shows how thoroughly we safe- guard our investors. Moreover, the interest rate of 6'/,% on these First Mortgage Bonds compares with current average yields of 4//,% to 5/2% on other classes of high grade investment securities. Mail the form below for de- scriptive circulars, and for our booklets, ‘‘Fifty-Three Years of Proven Safety” and “How to Build an Independent Income.” Accounts carried on a conservative marginal basis. WEAVER -BRO REALTORS 809 15th St. N.W. Main 9486 ‘We invite correspondence on securities 'HarriMAN & Co. NEW YORK PRODUCE. NEW YORK, December 28 (Spe- clal)—Florida new crop Spaulding Rose potatoes arrived on the local market today. No. 1's sold at $9.00 ||| Members N.Y. Stock Exchange- | per barrel. Upstate round whites, $4.50-85.00 per 180 pounds, 111 Broadway, New York The best western New York celery | in 3-crates jobbed out at $2 to $2.50, WASHINGTON OFFICE 729 15th St. N. W. cents to $1.50. California large crates Telephone: Main 1603. EE——:EEEEEEIJ' SOLVE YOUR JANUARY INVESTMENT PROBLEM NOow! ide 4 Tide 3 Venezuelan 2 Wilcox O&G Pl STANDARD OIL ISSUES. Wnete “shares. 100 Anglo Am_ Ofl.. 700 At _Lobos. Continental Trust Co. 14th and H Streets Capital $1,000,000.00 sold $2.50 to $6.00. o A, eoo®s Western New York 100-pound sacks 00 Buckeye P ! yellow onions, fair in quality, sold $2 90 Contl Ofl ... 1 s t |to $2.50. The very best shipments ; 2 3230 | from Middle Western States rarely ex- | ceeded $3.90. Offerings of barreled apples were moderate. Western New York grade A 2% Rhode Island greenings whole- | saled $3.50 to $4.25 per barrel. A 2% {$4.50 to $5, and A 3, $5.50 to $6; Bald iwin A 2% $3$3.25, and A 2% $3.50 to_$4. White Danish cabbage in bulk sold $30 to $32, rarely higher per ton; red, $45 to $50. 50 Gal S O ptd n 1800 Humble Oil & 700 1mp O of Can 2100 lnter Pet € L 500 Nat 7 THE new year brings heavy demands upon the investment supply. Released principal and semi-annual interest checks produce a surplus that must, of course, E neratively reinvested. nancial e safely and remu- 00 Penn M atoq Prairie You Can Increase Your 1927 Income Why not arrange now to put your Of Duma of Columbia 1927 dollars to work where they - Five Mill Tax will substantially increase your MATURITIES: 2 TO 12 YEARS income? If you wait until January lst to reinvest your surplus your selection of a medium will be re- o stricted. POULTRY PRICES FIRM. | CHICAGO, December 28 Poultry—Ali firm; | cars; fowls turkeys, 36 ; keese, EARNINGS LOWER. Choouc your medium now—and avoid hasty nd unwise investment. s Smith Bonds, in $100, $500 and $1,000 denominations, are sold outright or under en Investment Savings Plan that pays the full rate of bond interest. sters, 18; ducks, You can do this by following the Reservations are now being made for our safe example of more than 235,000 E fl | and dependable 1 MORTGAGE (0., Cons G Bal 6 onn Tex 8e. .. 2 Confain C Am 6% 2 Cuba 68 %'E:;;n;- Toi ahy Bs. ... Det Cly G 83 A 107 3 Duke P Fo 6n A 104 1 Eitingon Sch vs gaal s P mn-nn Po b Guv Gra Trunk 8 -ml-, NEW YORK, December ? | November earnings of the St. Loufs- | Southwestern (Cotton _ Belt), were | slightly below tho November lnst | vear, & % comparing |with’ & 5 il surplns after charges 6, against $413,044, A | small was shown for the 11 months this vear, surplus totaling $1,971,434 againct $1,938,008 in the same period of 19 BUBBEB. ADVANCES, NEW YORK, December 28 (Spe- cal).—Crude rubber rose %ec a pound 39% at noon today. This compares | with 379 last month and 88 last year. — TREASUR” CEnTmCATES. (Reported by J. & W. Seligman & Co.) —Noon.——— i ofer’ foaw 3 19 3 ). — 2 15 07 other men and women who have | put their money to work in the securities of the $600,000,000 Cities Service organization. These people are getting, in addition to a strong combination of safety and marketability, excellentyields of from 5%% to over 8%. Send for full informetion [rem————————————— | Eerablianea 1960 Ineorporated N Capital & Surplus Over §9,000,000 17th and H Streets, N. W, Washington, D. C. ., Telephonr: Main 834 . 27 72 h==lol———=]o|———]o]|do|———]a]———|a|——=]al FIRST MORTGAGE SECURITIES Mortgage Investment Dept. 713, 715 and 717 14th St Main 2345 & m m o] Tue F. H.SMrTH Co Founded 1873 Smith Building - Washington - [Main 6464] NEW YORK CHICAGO PHILADELPHIA BOSTON ST. LOUIS PITTSBURGH BUFFALO ALBANY MINNEAPOLIS Name No. 190 i i hmd