Evening Star Newspaper, February 12, 1927, Page 15

~ RADIG IS DRAGEY \ CENTER MARHET sened Their Demands. \ generally draggy condition of the ket is reported. There is no rding to de r to have lessened inted by ain condition may fact that im- med goods are ise quantities of ¢ i ng consumed. \leat dealers have not done heavy 't .ding the past few weeks, it ited, the heaviest demand be f v choice cuts and roasts at preva i < prices that are not considered eap, and heavy trading is not an- 1 -ipated until after the close of the s 'proaching Lenten season. There has been a steady ‘or poultry throughout the week, . ealers report, receipts heing about srmal. Only few genuine “spring- as spring chickens of the broil- g variety are termed, ~ceived thus far this season, and acelpts are reported too small to nake a market. Turkey Demand Fair. Turkeys continue in fairly good de nand at prevailing prices. The de- )and for the king fowl has bee steady throughout the se: it s Jorted, much of the stock beins con- sumed in hotels and restaurants. In the fruit market there are ample supplies of most varieties to more than fill demands, apples continuing very lentiful and cheap. Maryland and "irginia barrel stock of apples were quoted at from $2 to $3 this morning; fancy stock from the northwest selling at, from $2.25 to $8.75 a box. Suppltes of strawberries from Florida are very light. They are received in pony erators and were quoted this morning at from 80 cents to $1.25. Some very poor stock sold at still lower prices. Vegetables Supplies Moderate. Moderate supplies of cabbage, celery and cauliffower were reported today. Much of the cabbage on hand was re- ceived from Florida and Texas, the celery from Florida and California and the caulifiower from California. Market reports told of light sup- ylies of onions, string beans, peppers and tomatoes, and very light supplies of eggplant and squash. Liberal sup- plies of lettuce, spinach and potatoes ‘were reported. Changed weather conditions made buying this morning a trifle more ac- tive. Buyers were on hand early in the morning to get first pick of com- modities for the week end trade, and they found prices substantially the same as those reported during most of the week. ‘Today’s Wholesale Prices. 3 demand Butter—Fresh, 1-pound print, 55a 86; tub, 53ab4; store packed, 30. Fresh, selected, 35a36; hen- gs—] mery, 33a35; current receipts, 31. Poultry — Alive — Turkeys, 38a40; chickens, 30a32; White Leghorns, 24a fowls, 25a27; roosters, 18; ducks, 20a25; keats, young, 65; old, 30a35. Dressed—Turkeys, 42a48; old toms, 35; fowls, 28a30; capons, fancy, heavy, [ 37a40; smaller, 30a32; fowls, 28a30; keats, voung, 80a85; old, 50; ducks, 28a30; chickens, 32a35. Meats—Beef, 16al17; veal, 22a23; lambs, 25a27; fresh hams, 26a28; shoul- ders, 31a22; loins, 25a26; smoked hams, 28280; smoked shoulders, 18a20. Live stock—Calves, choice, 14al5; medium, 11a13; thin, 7a8; lambs, 13. - Have You Been Stung Yet? Some men have to get stung good and hard before they I:\rn tonge cau- tious in making investments. Before ¥ou invest—investigate! e SEEKS BOND ISSUE. 40. & N. W. Asks I. C. C. for Per- mission to Put Out $20,572,000. The Chicago and Northwestern Railroad asked the Interstate Com- merce Commission today to approve a sale of $20,572,000 in 412 per cent bonds. Kuhn, Loeb & Co. of New York have agreed to take the securities at 92% and the railroad proposes with the proceeds to reimburse its treasury for expenditures on additions and bet- terments and in the retirement of , bond issues. ‘ 830,000,000 Holding Company Is Wermed for Properties in 129 Cities. OMAHA, Nebr., February 12 (#). ‘* $10,000,000 holding company, own- ng and operating public utility prop- orties in 129 citieg in Yowa, Nebraska, inesota, North and South Dakota, hrough consolidation of several sepa- ate companies, is being effected here. Is of the merger have not been oompleted but the McGraw Electric Co., Omaha, will own practically all the common stock and will have con- wrol of the parent company, the Cen- tral West I'ublic Service Co., Inc. BUYS RAIL INTERESTS. MONTREAL, Quebec, February 12 (®).—The International Power Co., Litd., has acquired a majority sto 1$ntarest. in the Porto Rico Rallways Co., 1td., it was announced last night. Baltimore Markets BALTIMORE, February 12 iofal).—Potatoes, 100 pounds, 1 barrel, 2.00a2. (Spe- . Toal.10: caulifiov cucumbers, clute 50, carrots. 100, 4.00a5 3 . crate, 1.50a3.00; kale, burrel. : lettuce, hamper, 1.00a2.00; onions, 100 pounds, 2.00a3.16; oysterplants, 100, 4.00a6.00 peppers, crate, 4.00a7.. parsnips, bas- ket, 50a60; peas, bushel, 6.00a7.50; Savoy cabbage, bushel, 50a75; spinach, bushel, 75a90; squash, crate, 4.00a4.50; tomatoes, crate, 3.50a5.00; turnips, bas- 5240. - ’ul:n, barrel, 1.00a4.00; bushel, 40a1.60; grewpefruit, box, 2.60a3.50; oranges, box, 8.00a4.76; strw S, quart, 1.26. Dairy Products. ve poultry—Turkeys, pound. 35a. €1 018 Fome, 35; poor and {hin, 20a25; old hens, 26a28; poor and crooked Sressts, 25; young chickens, 32; Leg- . old roosters, 18a19; capons, Aucks, 28a34; poor wnd_thin, guinea fowl, each, 50a75: pair, 30a35. poultry—Turkeys |n\|m|i 35a36; poor 0 old Tow crooked |reasts, noserts, 18a20; duc capons, 2240, 818 cases: mnative gge—Receipts, o in free cases, dozen, ‘bnd nearby firsts, 2 A —00d to fancy cresmery, g° 4Tak8; prints. 52a54; blooks, 80; rolls, 26a38; store 3! process butter, 3389; Sriuta, 6838, . pupplies Good, But Con-I k'imers Seem to Have Les- have been | HUGE UTILITY MERGER. | FINANCIAL. ORD PRESTON AGAIN IS HEAD ' OF WASHINGTON GAS LIGHT CO. f "Directors Elect Offic | = BY EDWARD C. STONE. Ord Preston was re-elected presi- ident of the Washington Gas Light « today by the board of direetors lected at the annual meeting of the { company held last Monday. The Scomplete list of officers toliows Ord Robert D, | Weaver George M W ccretary; 1dward s t secretary: Thomas 1. ardne awrence Townsend, treasurer; | lins Hume, assistant treasurer: Gray Dawson, second as urer; Richard A. Ennis, controller; C. C. Bayly & . Schick, as- sistant controller. Minor, Gatley and Rowland were elected general counsel of the com- pany, and Clifford P. Carpenter was appointed purchasing agent. Bank Clearings Slightly Lower. Bank clearings this week were lightly under the similar week of {last vear. being 1.7 per cent above | last < figures in New York but 142 per cent lower in the outside { cities. Dun’s reports Richmond clearing tfor the week as $44,649.000, a decline of 13.9; 90,016,000, a de- in the Southern S larger declines than was reported elsewhere in the country. he total clearing for the whole ited States showed a decline of only 0.5 per cent. Bankers Plan Baltimore Visit. Many bankers who belong to Washington Chapter, I. A. B, will Jjourney to Baltimore' this evening to attend the twenty-fifth anniversary dinner of Baltimore Chapter. Three hundred out-of-town guests are ex- pected. Over 800 have reserved places at the tables. Paul B. Detwiler, national president, is to attend. Several of the visiting guests are planning to come to Washington Sunday and look over as much of the Capital as possible in one day. The delegation from showed Washington will include T. Hunton Leith, chap- | ter president; Miss Katherine Kreig, chairman of the women's committee: Charles D. Boyer and W. ‘Waller, past presidents: Hilleary P. Hoskin- son. vice president of the Riggs Na- Western Maryland Coal Traffic Boom Now Petering Out Special Dispatch to The Star. BALTIMORE, February 12— The boom in coal traffic on the ‘Western Maryland is now showing signs of petering out, and gross earnings as reported by the com- pany week by week are tending to decline, when compared with last year. For the first week in February the company estimates its earn- ings at $462,777,-a decrease of 1 per cent, compared with the pre- vious week. W Since the first of January gross has declined 6 per cent under the similar period last year, totaling $2,320,556, compared with $2,448,- 922, Coal freijght during that period was 9 per cent under the ~same period in 1926. On Improved Real Estate Apartment Api MORTGAGE Loan 1321 Connecticut Avenue A Third of a Century's Experience B. Miin 2100 The New York Life Insurance Company Offers to Make First Mortg and Nearby Suburbs in Montgomery County, Md., for 3, 5 or 10 year terms on your 5%% RANDALL H. HAGNER & COMPANY —we attend to every de- tail of your rentals. We do it proved during our Third of a Century's experience. Owners the city over de- pend on us, profitably to themselves. F. SAUL CO. THE EVENING ers at Meeting Today. Bank Clearings Slightly Lower in Most Big Centers. A. White, Chapter, ston Let-up Fore Moody’s Review of the present we “Trade may be expected to undergo . [the usual seasonal contraction and Jlturn somewhat irregular during February. “We anticipate, however, neither a nor a lear trade depression reaction in t in stocks and any market wil be more in the nature of a corrective movement and should pave the way for greater activity later in_the year. ¢ “New' bond offerings are upon a scale of about twice that of a vear ago and account for the slight down- ward tendency of the hond market. “We caution against indlscriminate buying of bonds and believe that values rather than yields should be considered.” Chain Store Sales Increase. Peonies D, Ship Launching Draws Attention. Officials of the Norfolk and Wash- ington Steamboat Co. and other local steamship men were interested today in the launching at the Cramp Ship- vards in Philadelphia of the steam- ship Evangeline, owned by the East- ern Steamship Lines. The new boat will inaugurate passenger and freight service between New York and Yar- mouth, Nova Scotia. The officials of the astern Steamship Co. are quite well known here, as the con- cern _runs many boats from Boston and New York to Norfolk. The new | steamer is of 5,880 displacement, 378 | feet long and has accommodations for 50 first-class passengers. —» PROFITS QHOW GAIN. MONTREAL. February 12 (#).— Estimated profits for 1926 of the Con- Solidated Mining and Smelting Co. were $8,615,735.64 after deductions are made for depletion, depreciation, con- tingent account and taxes and deduct- ing $2,274,771.66 for additions to prop- erties, it was announced yesterday after a meeting of the directors. Profits for the year 1925 twere $6,219,843.14. | DIVIDENDS. Pe. Pay- 1de Company. Rate. mod. b, DCrecore: AR Ene pios1is @ A 1 1 By L 9175 br. 1 Mar15 Cueptnnd’ il ¢ e ce....1% % Q Mar. 4 Feb. 19 Foundation _C Q Mar.15 Mar. 1 g "b"-l’";f 155 A 1 M 1 b 7 pf 173 r. 1 Mar. EowT bt 268 § ADn 1 Mana Kagier (Julius) 0 _ ... Q May 2 Apr. 1 6— 2% .1 Q D1 Feb. 1 Q 4 1 1 1 >, 3 g P i Ex 1 i 23 =) age Loans in the District of Columbia Office Buildiag Business Property ply GORRESPONDENT Telephone Main 9700 Tenants, Upkeep, Collections with the methods most successful Use us now. 925 15th St. N.W. Lincoln and ‘There Is a chance for We offer you | | | | { Industry Abraham Lincoin once said “Don't whine about your lack of opportunities. everyone to con- vince the world by his industry that he is worthy of success.” And the proof of industry is thrift. He who would attain the heights of financial independence must save a part of all his earnings. To realize on his thrift he must invest his capital in a medium of known dependability. is First Moflgage Securities i i STAR, jMARKET STRENGTH | tion of the bull .|and symrainetic decline in the stock WASHINGTON, D. Money to Loan Secured oy firss deed of trust on resl Jou?l'-'i“W." rest and ‘commigsio “so W nat | T ee. i AT NW SATURDAY, FEBRU Money Available For First Deed of Trust 1S GIVEN BIG TEST|[C, e emanee - Evidence of Stock Being in Strong Hands Important Development of Week. Ourrent (nt rate and sommissios Higbie 816 15th 8t. N.W. RGE T. HUGHES. to The Star, February 12.- developntent Quick Action Brodie and Colbert, Inc. St. Main 10! The this the ain body f stos to SN what transpired in alied merger ils. Midveek marked the culmina- T Wil campaign in Wheeling ind which specula- been built. Never- ability of the hoid up in’t i Business and Residential nd d 3rd Trusis. and Laks rie, ar tion for the rise had . PEOPLES FINANCE 0. theless there were many of the junior jssues which were giving a good &c- T elasme of inceme-Droductne nromerty| Ist Mortgage Lodns Loans on | Reasonaile rates. 1010 Vermont Ave., Rm. 508, Main 2008 | Harrimdn & Company TRINITY BUILDING, 111 Broadway, NEW YORK LOANS Reasonsble Interest and Commission Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. MEMBERS NEW YORK STOCK EXCHANGE TRANSACT A GENERAL BROKERAGE AND STOCK EXCHANGE BUSINESS A MONEY TO LOAN At 514% and 6% o R, Y T Consult Welch, Realtor LOAN SPECIALIST, Reasonable Charges. Quick Replies. 15th & New York Ave. | Main 4346.4347 Bet | WASHINGTON OFFICE 729 15th Street N.W. ves to the count of themselves right up close of business for the week yester- day. It would have been natural for 'vhr whole market to have turned ‘do“l:- Ward after the Wheeling incident. no doubt that speculative i been severely shaken margin accounts had 4. But the way in ket turned upward after ¢ selling left the im- ks were in strong held by people who There was sentiment had and that many become impai which the ni initial outburst of pression that stos ’ rave Teorissges or siner t to us for short-time non-taxable bonds ¥i trage munranteed and TANARUE Tonds g hands Stockholders will be interested in the following compilation by Merrell & Lynch of chain store sales for January F Petin Iy 19 1926, crease. )\Nfir‘ o ¥ 450.760 4.7 Woolworth ™. 1 162.108 634 and were f arm and were in to relinquish their commit- securiti ments ¥ On the other hand, there were those who were stressing the point that I‘%ul("h developments as those which oc- curred in Wheeling and Lake Erle were by no means healthful incidents. Some went so far as to openly eritl- 734 Southern Building Telephone Main 1596 ‘Washington, D. C. I.;-:"‘.i!:.z'.l":.?:: We buy and sell municipal NON. s und other investment Bankers Bond & InvestmentCo., 6]/2% CONSULT US —for sate investment of = g gk First W or's Mortgage Wm. H. Szncr'flen Co. Notes o $0000004000000000000000000 FIRST MORTGAGE MONEY We are interested in placing Mort- gages in any amount on desirable property. Construction loan applica- tions invited. First Mortgage Loans Applications Invited at 5% % Low rate of interest officials for not intervening when ftlzl.;cramo evident l‘l’mt a technical cor- actually existed. neArslde from what happened within the market itself, perhaps the most noteworthy outside development was the decision of the General Motors di- rectorate to establish the common ock on a regular annual $8 dividend sis against the previously prevail- ing §7 rate, It was pretty well agreed that the market for General Motors stock had anticipated such action and that it had been discounted. But it was an_indication of the confidence felt in high industrial quarters over the outlook for 1927 operations, not- withstanding that many were inclined to view it marketwise as another piece of good news out of the way. alalaalale]afa]ala[s]a]ala] HOME FURNITURE LOANS 1406 G Se N.W. goooooooooooo and commission B. F. SAUL CO. Main 2100 925 15th St. N.W. [a] On Improved Property Construction Loans at Minimum Rates Glover & Flather 1508 H St. N.W. ooooooooooao So far as the money situation is con- cerned, faflure of the New York Fed- eral Resef've directorate to reduce its rediscount rate mattered little. This was evident from the manner in which the market left off despite all that had been said along this line in highly speculative quarters. First Mht;rtg:;; Loans Lowest Rates of Interest and Commission. omas J. Fisher & Company, Inc. 738 15th_Street. FIRST DED OF TRUST NOTES ON HAND Bearing 614 Per Cent and 7 Per Cent Interest In Amounts of $250.00 Up See WELCH, Realtor 15th & New York Ave. Main 4346-4347 Established 1899 No loss to an investor in 27 years. ————————— oooooooooooooo Yo «J % LOANS Life Insurance Company Prompt action on houses, NMasters of Nusic~ 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. Ludwig von Beethown 1770-1827 LL the ear-trumpets devised by the acousticians of his day could not restore Beethoven's hea: His incomparable ninth sym- phony, that the musical world has not ceased to worship, was composed \ in total deafn Beethoven's life is a elassic of overwhelming hardships and courageous fortitude. It reads like a romance of fiction. Today we live in a land of greater oppor- tunities, where talent and, merit are usually recog- nized—and where prudent people devote a part of the income of their most productive years to build- ing financial protection against the impending hardships of later life. And in making invest: ments for this purpose, safety should be the first Ralph P. Barsard Sidney 1. Besseliovre consideration. That is A. P. Cremshaw why the First Mortgages Jebn v; c':mr- v Oha . Darr purchased through Swart- - zell, Rheem and Hensey ‘m'.'.""" > Company are the logieal O 3. Gosheler investment for you, be- cause time has proven them safe, and, todsy, | they pay 6% % interest. ' I !l[ 5 ~15% St.NW. = Tashiagiondl s Without Loss To ' THE DISTRICT NATIONAL SECURITIES CORPORATION Are offered to m‘fiwe at par, NO APPRAISAL apartments and business CHARGES properties in the D. C. and NO FEES FOR nearby Maryland. SETTLEMENT LOAN. DEPARTMENT W. L. King, Manager OSSEMHELPS FOUNDED 1807 1417 K Street—Main 9300 7% Cumulative Preferred Stock (Par Value $100 a Share) Dividends Payable Quarterly ‘. Jezmary 1, April 1, July 1 and October 1 redesmable at the option of the Corporation on Dividend Parfod, after thres years from date of issue, at ulo.oo.mnaudnemdrfi CAPITALIZATION 7% Cumulative Preferred Stock (Preferred as to Assets and Dividends) Athorized «ee... .. ..com e commmsessvms cos mmmesmemessece $H000,000 To be issued et this filll'-.n-.«.t:\vu-ocv wes vere m Unissued ...... o e reres st « cossssseseveessues 500,000 mmfixmmmwmwhmhfldb Divectors of the corporation are the same «s the directors of the District National Dank e BUSINESS—This corporation is afi-n!nd for the of purchasing notes secured Deeds of Trust on real estate, builders’ loans, un crwrlflm’nd lll':;l.othlr 1 m‘g financing as is authorized by the charter. This stock will be tax free as to District of Colum- bia intangible tax not to exceed 5-10 of 1 per cent. More than fift; t of th erred stock has been subscribed DISTRICT AT L SANE, i e taaoid portion 1s now affered to the publin scpiiis allotment. ) mwfltfimhumfi upon request and S5% eadh month these- ! Applicstion will be made to liss the preferved stock-on the Washington Stode Kxchangs, Price $100 a Share (Interest at 7% to be allowed on all payments from date of payment) Subscriptions Received at