Evening Star Newspaper, October 6, 1927, Page 13

FISH WHOLESALERS BUSINESS IS BRISK Good Supplies Well Taken. Jewish Holiday Slows Up Center Market Trade. Cool weather early this morning was a means of making business at EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Suspicionsly High Yields—II. Out of the 66 corporation honds Jist ed on the New now selling to vield 7 per cent or more | 18 of them are obligations of foreign companiss and may be Jeft out of con- sideration for the present. The next two largest classifications are the 12 | traction and the 7 sugar bonds. Evi dently there is one factor operative in these two groups, the cutlook for the two industries as a whole. If we can York Stock Exchange | ascertain what it is that | THE EVENING Iong business carcer bought or sold a speculative pound of cotton. He sc rtment of Agri- culture, accepted the COTTON DISPUTE AFFECTS VALUES Profit on Unmarketed Staple Depends on Quick Settle- ment of Controversy. BY J. €. ROYLE. acial Dispatch to The Star, Spinns Manchester, which i interested in getting cheap cotton, and has promulgated the fig- ures as its own to the detriment of the Southern planters. The differences hetween two such | sets of figures do not versies except in years ¢ and shrinking surplus. nding behind Hester, as he has en- countered similar controversies in past years and has come out on top. Those in the raw cotton trade fig that if the Government crop of 12,692,000 Lales materiali is deemed doubtful, the indicated sup ply will he roughly 19,000,000 bales vound numbers if the Hester carry-| : STAR, WASHINGTON, D. €. THURSDAY, = e FURTHER SELLING. DEPRESSES GOTTON Favorable Weather View and | "7 Larger Crop Figures Have Bearish Effect. Associated Press. W YORK, October 6.— ton market opened today at The cot- an OCTOBER_ 6, 1927. RAW SUGAR UNCHANGED. Trading in Futures Is Light, With Prices Steady—Refined Quiet. NEW YORK, October 6 (#).—The raw sugar market was quiet and un- changed early today, and, in absence of business, prices were unchanged at 4.65, with additional offerings at this level raw sugar futures market open- ed irregular at 1 point decline to 1 point advance, but continued steady, with prices at midday unchanged to 1 point net higher. The volume of business, however, was light and the trade at large was inclined to limit operations and await developments in the spot market, In refined sugar, aside from moder- ate withdrawals on old contracts, there DENIES FINANCIAL PLANS. NEW YORK, October 6 (#).—Sam- uel Woolner, ir., president of Kelly | Springfield Tire Co., says the com- pany has held no meeting to discuss refinancing as reported and has not bhought a share of its preferred stock in the open market. WILL POOL RICE. NEW YORK, October 6 (#).—To| stabilize the price of rice 5.000,000 | barrels in Texas, Louisiana and Ar. | kansas will be pooled by October 15| under a plan approved at a meeting | of Texas rice grow 3 [ CHATEAU THIERRY APTS. 1920 S Street N.W. One Block East of Conn. Ave. Very desirable apartments; some || with sleeping porches, one and two || rooms, kitchen and bath, $35.00 to $62.50. Make your reservation now with the resident manager or Thos. J. Fisher & Co. was very little new business report with buyers inclined to hold off, ow ing to the easier tone of the raw ar. ticles. Prices were unchanged at 5.80 to 6.10 for fine granulated. depressing the sugar-producing and | refining business and the traction sit uation we shall have gone far toward I deciding whether or not any of these bonds are \hle purchases. At first glanee it is seen that the | condition in the sugar trade bears no ™ S St < r o1 < and | resemblance to that of the tractions. | 000,000 bales. 1‘1.;;;.";:",‘,“}‘ flv,-,l,(‘ l"“,l(m“"\‘f.‘,'.‘ u,'.,‘ There i vast overproduction of sugar, | dent that t Enacially e. dealers toported. but (he prive s vmrl‘v«vv;(w: ¢ low and pro- troversy over o rendy sale at & cents a pound. | divens unable to carried over v g b . ’1‘::::1;1143‘. " l,..\ul‘:nl\:‘.m:", \\“~-.- Sugar, however, is 2 nee: v o 1 mere dispute e et ;lu[.!<,|v\.\ o_\l-v )\‘ ‘»“v:..‘-flrlrr::],‘( not so plentify “ula is that when the price | Hester of the New Orleans Cotton | 3600000 bales. Avcording 1o (R FHEES Ls great as usual, falls below the cost of | Exchange and the Burean of T U them at 1212 cents. production an advance must me | nomics of the Department of Agri-| YU CE 08 L Listify 27-cont cot scarce and high. They were a trifle [ sooner or later. ‘We see then as fa | culture, o L e TG e e same ot mare plentiful than they were last | the sugar bonds are concerned that it The Bureau of Fconomics recently | fect ‘on prices as they have in the weck, however, and dealers offered | it & question of picking ot the m.u,z,. put forth = claim that the consump- | {550 3 as 3 5 ™ A tion of a corporation strong enough to | tion of American lint cotton was 15| PRt b0 o iy e e, Seneived from points on | survive the present difficult period. | 777.000 bales instead of the 16.375,000 m'"x'“"f\; 'f'::”'”‘j\f“\_ka‘,{:’ ""‘N"\;’;n":r“r'l")g. the Jower Datomac, were plentiful, | The case with the tractions is very | claimed by Mr. Hester, and that the |} (hp P rocqlotion of Master Spinners e oot them heing fairly large, and |different. The trouble here is not over- | carry-over from last season was T.| & \pychester, the total supply would Healecs were able to dispose of them |production. but the competition of a |838,000 bales of lint. instead of 6- . y at 10 cents. Spots of medium size | new method of transportation, namely, | 9 estimated by the New | o =0 0 O those supported by sold at § cents | the automobile, hus or passenger car. Consumers registered a fairly good ‘11\» burden of proof if a traction bond demand for Boston mackerel at 20 |is to be bought is on the ability of the cents. Dealers had fairly large quan- | particular traction company to meet advance of 2 points to a decline of 2 points and soon showed net losses of 2 to 15 points under further liquida- tion, Seuthern and local selling. A favorable view of weather condi- tions alk of larger crop figures on the decline and while were not particuls v heavy, there were few buying orders in the market. December declined to £0.66 | and March to 2 The market was | within a point or two of these figures | it the end of the first hour. | e crop report made | NEW YORK, October 6.—Southern | over figures are used. The new Gov-| cotton producers stand make or| €rnment report will be jssued | Jose from §250,000,000 to $350,000,000,| this week. Consuniption is higher t tever known befor and there is rea on the unmarketed portion of their | son to believe it will continue high amounts to about 8. for some months. The Southern con- "Fhis fact makes it evi-| Sumers think it will approximate ore Is more to the eon.| 000 Dales if the price does not the amount cotton | cents a pound. If con- n the last erop than mounts to 16,000,000 bales, Letween Ne tary Municipal Fish Market fairly brisk Fairly large supplies of fish and a plentiful supply of oysters enabled Gealers to supply the trade with all | tnat was desired or demanded. Nomini River netters sent fairly Take Our Judgment and you'll choose the Improved Lawrence May Oil Burner to which Dr. Albert H. Parham Osteopathic Physician (Licensed in North € I} has every feature you have ever heard extolled; and. is |_ackmg every fault you have ever heard complaint of in Oil Heating. It's our business to know keating efficiency; and we’ve found it—coupled with Zeating economy—in the IMPROVED LAWRENCE MAY OIL BURNER. No noise; no vibration; no odor to annoy. economic of a necessity Another privi Rockfish continue the Gonaltichrs 271 Missourl and | ina) were ahsorbed by trade buying and covering at the decline, and the market W quiet later, with the tone steadier. Decem- ber, which had sold off to 20.65 early, rallied to 20.76, with the general mar- ket holding within 3 or 4 points of yesterday's closing figures at midday. Announces the Opening Of a Downtown Office 1329 F Street N.W. (Opposite Fox Theater) Telephone, Franklin 160 Residence, Adams 8746 be 20.500,000 bales. If the consump- No gas pilot to add to cost of operation; no auxiliary pump to complicate. atistician. the federation, the carrv-over wiil Th'l Profit ion the ”nm’”k'”d\ r‘;:l | be around 4,800,000 or 5,000,000 bales. ton this vear depends in no small|.yig ywould point to a price of about part on whether or not this contro-| j' " R RO versy is quickly settled and the market | *° 5 g Tondon now has 500,000 telephones, and 1,730,000 calls are made a day. | It's adjusted to burn the lower priced fuel oils; tities of the much.desired pompano | this competition rather than on the outlook for the traction business gen- erally. So we will look, if we wish to make A profitable investment, for the bond of a traction company which any conceivable extension of automobile competition cannot injure any more than it already has done. from North Carolina, the highest priced fish in the local market today. 35 cents a pound. Oyster Demand Good. Other fish were priced this m | as follows: Tile, 12 cents: h: p haddock, & filet of haddock. g mon, Green shrimp were quoted | at 20 and cooked shrimp at 50 cents | & pound. Soft crabs, not so plentiful, sold at $i a dazen. Flake meat was quoted at 50 and lump meat at 65 cents a pound. There were very few hard | crabs in market today, dealers quot- ing a price of §10 a barrel, or $1.25 a dozen, for them. Oysters continued in fairly good de- mand, selects selling at $2.25 and standards at $2 a gallon. Shell stock, quoted at $1.25 a bushel, were not in great demand. Today’s Hebrew holiday made trad- ing in the Center M district a trifie draggy. dealers reported, but to morrow's trading pre s to be heavier than usual. of most commodities today were substantially the same as prices reported vesterday. Today's Wholesale Prices. Butter—Fresh, 1-pound prints, 53; tub, 50a51: store packed, 30a3l. Fggs—Fresh selected, 40; hennery, $0a52; current receipts, 38, Poultry. alive—Turkeys, 35; fowls, amall and medium, 24a23: large, 26; Spring chickens, 28a80; roosters, 15a16: ducks, 18a20; keats, young, 65a %5: old, 35. Dressed—Turkevs, chickens, 38; roosters ducks, 18a20: capons, fancy, 38a40; smaller, 35; ducks, 25; keats, 80a90. Meats, fresh killed—Beef, 18220; veal, 23a25; Jamb, 28; fresh ham, 24a25; loins, 35a36; shoulders, 19a20; smoked hams, smoked shoul- ders, 18; strip bacon, 15 3 Vegetables—Spinach, crate: tomatoes, 75a1.00 a half bushel basket Bunch turnips, heets and carrots, 3.00a4.00 per 100 bunches; cut ff car- | rots, 1.00 a bushel: 75 a halt 40a4; sugar corn, in five-dozen lots, and sweet potatoes, | W: a bushel. Fruit and Vegetable Review. Today's market report on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural Economics, says: Apples — Supplies liberal: light, market steady. Boxes: ington, combination extra fancy and fancy Winter Bananas, medium to large size, 3.00a3.25; few ripe as low | as 2.75; fancy Delicious, large size,| few sales 4.00. Bushel baskets: Dela- ware, 215 inches up, Jonathans, Dela- | } ware commercial grade, 1.65; No. Staymans, 21, inches up, 1.23a1.30: unclassified, 3 inche ; Maryland and Virginia, U. 1, 215 inches up, Grimes and lona(haml, 2.00a 2% inches,” Delicious, “Cabbage—Supplies moderate; home- supplying market; New sales reported. Celery—Supplies moderate; demand light, market dull, partly account Jew- ish holiday; New York, two-third crates, 2.00. Grapes—Supplies moderat moderate, market steady: M demand | ‘Wash- demand w York, 2-quart Climax baskets, Concords and | x; Niagaras, 21a22; kets Delawar: 2.quart_Climax bas.- 18a20; Michigan, 12 quart Climax baskets Concords. 75; few higher; Delaware, 12-quart Climax baskets Concords, ripe, 60a65. Lettuce—Supplies moderate; demand | moderate, market slightly weaker; k. 2-dozen crates, big Boston California, Onions—Supplies demand slow, market dull: York, pound sacks, vellows, U. crates, Iceberg | Washinggn §{ock E;(;zhange. SALES, Georeetown Gax Se-—$500 at 10345, Washington Gas s A—$100 at Potomac Electric ) 1bs% 15 HoT0 s 10 .-V 95 o at .t‘:on-. Yo .m, al-A o, X e A e (o o 8 mTo at "ol AFTER rAv,L, Jarber & Ros com—~25 a 10t 10814 &' Flec. ptd—5 at’ 984, 60 hax Mige. & Inv. pfd.—100 at 7% fd.—10 at 101%. 20 at 1018 1 £1.000 at * 1000 at 1o Bfd.——10 at 101 Sand & Gravel prd.—6 at 101 Potomac Electric pfd. 5les—1 at 105% ofahinkton R. & E. gen. 6s—$500 ai 5 m'ufih’a"‘"fl' LGas 5s—S$500 at 102% on 5s—$500 at 102% & Flec. 45—$5.000 at beder s —10 af c 3 Podieti Rt Oor a1 o040, Monay—Call loans. 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Amer. Tel & Telea. 45 Amer_ Tel. el Am. Tel getown Potomac Ele 2 E v ries B » Warh: Ry & B cen. 66 1035 MISCELLANEOUS. 26 o BK. bs. Mkt Cold_Storage 3 Wariman' Park Holel 48 STOCKS. PURLIC UTILITY. sh e e Potomae Elec. pfd Cash. Rwy. & Elec. Wash. Rwy. & Elec. pi NATIONAL BAVK National Cabital.. Colu mmerc District Farmers ‘& ‘Mechanics Federal-American . 1 R Second Natonal Bank "ot "Wash TRUST COMPANY, Amer. Security & Trust Co Continental Tru ashington Mech: FIRE INSURANCE. dium pound sacks, large size, 100-pound sacks, medium to ]flxxn < vellows, 12.00; Ohio n o 8., No. 1, too 8L Real Estate Title | B oG, 01N allowed to pursue ifs own course under the laws of supply Since the figures ahove were issued hd the controversy started cotton and demand. | | amd 1 of Economics has been bitterly eriticized for its recent com- ment_on the probable price of cotton its prediction that The Bure; ment. the National Board of Underwriters gives it its indorse- | were in prospect. wasg named, but the predictions are outside the sphere of Department of Agrienlture, and tors, including Senator as declined about §15 a hale. n 1 unique position | the e vebion|| southern & e ve | Harris of Mississippi, will endeavor to stood the test of 50 years and have | Secture passage of a bill in Congress balanced with ginnings each year. No | Prohibiting them. other authority has ever had such a S —— record. In addition it i worthy of | A woman's tears and a dog's limp note that he has never in hix entire are not always what they seem. Hester's Posi Mr. Hester holds in the cotton industr consumption and ™ QAL Stomach Hereafter instead of soda take a|gases. Besides, it neutralizes acid little “Phillips Milk of Magnesia” in ‘ fermentations in the bowels and water any time for indigestion or | gently urges this souring waste from sour, acid, gassy stomach, and relief | the system without purging. It is will come instantly. far more pleasant to take than soda. Better Than Soda Try a 25¢ Bottle For fiity vears genuine “Phillips | Insist upon “Phillips.” Milk of Magnesia” has been pre- | five-cent and fifty-cent bottles, any scribed by physicians because it over- | drug store. “Milk of Magnesia” has comes three times as much acid in | heen the U. S. Registered Trade the stomach as a saturated solution | Mark of The Charles H. Phillips of bicarbonate of soda, leaving the | Chemical Company and its prede- stomach sweet and free from all | cessor, Charles H. Phillips, since 1875, TORAGE ABSOLUTELY FIREPROOF Twenty- MODERN WARE- HOUSES SEPARATE ROOMS FOR PIANOS AND WORKS OF ART PHONE M. €900 FOR ESTIMATES OPEN STORAGE PRIVATE LOCKED ROOMS ABLE 'Merchants Transfer & Storage Co. 920922 E Street N.W. MOVING—PACKING—SHIPPING—FIREPROOF STORAGE RATES Awarded gold medals and first prize, India and It's the perfected From every angle it excels. Burner. Our 37 years' experience in heating is valuable. We know heating and plumbing as thoroughly as Lawrence May knows oil burners—so you have the benefit of our expert installation and adjustment added to the efficiency of the IMPROVED LAWRENCE MAY BURNER—the gerfect Bumner gerfectly serviced. Talk with us about the cost and let us show you the Burner in actual operation. . . . o : The Biggs Engineering Co. Experts for 37 Years in All Types of Heating and Plumbing Exclusive Distributors of the Improved Lawrence May Oil Burner 1310 14th Street North 3925-3926 Is Not Only Assured—But Actually INSURED When You Invest in Our New Issue of $250,000.00—6%2% Collateral Trust Gold Bonds SERIES “GA” ISSUED BY DATED SEPT. 1, 1927 Federal Secu:m}/ & Mortgage Co 1412 K St. N. W.—Washington, D. C. CAPITAL and SURPLUS $750,000 These bonds are callable at the option of the Company at 102 and accrued interest up to three years and thereafter at 101 and accrued interest, to principal, tember 1st. mills on the dollar will be refunded b in denominations of $500 and the Issued in eoupon form, registerable as $1,000. 1Interest payable March 1st and Sep- State and District of Columbia intangible personal property tazes up to five ‘ompany upon proper application within two v light; months after due date and payment of such taxes. o0 few high as ; bushel baskets, Shel. dons, large size, 3.25a3 medium size, Western stock Bartletts, upplies of moderate; Orego! ext “Potatoes—Supplies Jiberal: demand moderate, market steady Pennsyiv nia, 150-pound sacks, round whites, No. 1. 3.2523.40: M ks, Cobblers, 1", § 150-nound’_sacks, 1, 3.50, Supplies moderat, demand moderate, market steady; Eas Shora Maryland, cloth-top barrel, yel few higher de- | firm: hom grown, shel hampers, various v Tieties, 60465, Caulifiower nd light, market s \ York, Long Island, crates, 1, Supplies moderate ket stes 5.00a6.00, .uun»llng n. le L a Sohey dew BnEionn Supplies moder ate: demand mode market steady ndard erates 12s standard cr ss and 9s, 1.50, few high as 1 COTTON GOODS QUIET. NEW YORK, October 6§ (Special).— Cotton goods markets were quiet again today as print @loth pr marked up i at 10¢ for fyx standard 64x60s were unchan 8%c. Raw silks gained 5 points in POTATO MARKET DULL. (). — 1ot on track October 6 s, 113 cars; 1 United States shipments Trading very slow ace h holiday; market dull: ed round whites, 1.40 Wisconsin sacked 1.45a1.55; Minnesota sacked Red River 1476 ecars count Jew Minnesota sac nl1.45 eentra yourd whites North Dakota Chios, 1.40a1.59. upplies et de- | | Raderal Storake Sotd:. deral-American vv;m Es Monotyp : O ranter & L Tran. & Stor. pid Woodward & *Ex dividend. OFFERED RIGHTS. NEW YORK, October 6 (#).—S| | holders of Winnipeg Electiic Co. be offered rights to subscribe to 40,000 | shares of additional common stock at G0 a share on the basis of 4 yes for each 11 held on October Power Co., Ltd., Winnipeg Fleetrie, [ commeon stack of 200, 000 shares at a “ OIL WELL COMPLETED. NEW YORK, October 6 (). dall Corporation has completed a well in the new field of the Goleta District, Santa Barbma County, <ali )Am Tl flow of 5,000 barrels duily. TIE YPLATES REDUCED YORK, October 6 () pla $2 w ton lower in the Piits | burgh district. Demand for track fas tenings is confined to sma R = School Shows Gain. . Special Dispatch to The Star. H\ATI‘\\ ILLE, Md., October ime last_vear, The cafeteria at is under management | Miller Brown, domestic er, is being enlarged. | American flash | seen in all quarters of the | the hest markets for them are India, British Malaya, Hongk, he Philip- pines, Argentina and lfl‘xlco. the school, of Miss Mary controlled | Care of Babies will double its with | Tie | thing a child could cat juantities. i \lment at Hyatisville High School reached 640, or 80 move than this which science teach- are now, to he and @ sy with b, thustthor A | This baby has never had a day’s sick- |ness and never a cross or iretiul spell that Jasted an hour. And what do you suppose is responsible for this healthy, happy condition? Not diet, for he has |eaten just about anything and every- Not drugs, for he has not been dosed with opiates: he has never had a drop of paregoric Nor has his sensible mother ever made him taste castor oil. Yet his nerves are sound and his little howels arc strong, and when he does seem the least rest- less or wakeful or out of sorts—or likely to be—his mother has him & serene again in ten or fifteen minutes The secret of this complete freedo: from the many ills and upsets so con {mon to infants? Plain old-fashione Castoria. A million and more mother swear hy Castoria, and no_wonder A few drops and an approaching fever colic, diarrhea or constipation seem to vanish in thin air. Castoria is purely vegetable; that is why physicians teh parggie they may use it freely with; children of any age—the youngest in- jfant. And how they love the taste One word of warning; get the pure, real Castoria. Fletcher's Castoria is (ht original. It is the kind doctors spe And w ith every bottle comes a hook on | “Care and Lecding of Babies” that is worth its weight in gold to any mother or prospective mother. So, remember ; tell your druggist you wish Fletcher’s Children Cry for Trustee Under This Bond Issue DISTRICT NATIONAL BANK OF WASHINGTON Collateral Guaranteed by EQUITABLE SURETY COMPANY OF NEW YORK Security Insured Mortgage Bonds are secured by trusts averaging $3,000 each on owner occupied homes in the District of Columbia anc suburbs, No npeenlntxve or un- improved property nnpmrx their security. The massing of small mortgages and redistribution in the form of bonds provides the additional safety of diversifica- tion which is much sought after by investors. Management The management of the Com- pany is in the hands of well- known and successful Washington business and professional men and_bankers, familiar with local conditions and qualified to jucge the security as’ well as the trend of real estate values. TEAR OUT—MAIL NOW Federal Security & Mortgage Co. 1412 K Street N. W,, Washing! D. C. Insurance The Equitable Surety Company of New York, with capital, surplus and reserves of over $1,000,000 and resources over $2,000,000, under the supervision of New York State Insurance Depart- ment and on the approved list of the U. 8. Treasury Department authorized to write surety bonds on wh the United States is obligee, unconditionally guarantees in the event of non-pay- ment of the underlying mortgages, the payment of principal and interest of each mortgage securing this issue. This insurance, obtained by the execution a surety bond attached to each mortgage, provides that shonld default occur on any mertgage and should the mortgage company fail to remedy such, default, the payment of principal and interest on any mortgage becomes the direet obligation of the Equitable Surety Company. B Guarantee These bonds are uncondition- ally guaranteed as to pay- ment of principal and interest by the Federal Security and Mortgage Company with cap- ital and surplus of over £750,000.00. Tax Refund The Federal Security and Mortgage Company agrees to refund any state, county, or municipal tax or intan- gible tax up to 5 mills. In other words Insured Mort- gage Bonds yield 614 % net. Deferred Payments Arranged PAR AND INTEREST TO NET Please send me further information regarding the Series GA NAME -d‘.‘ without obligation. cesseasesasisiacessrtniasirie 6Y2% MATURITIES 2 TO 10 YEARS