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Evening star. [volume] (Washington, D.C.) 1854-1972, August 05, 1924, Image 23

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EGGS CENT HIGHER
AT CENTERMARKET
Meat Unchanged Butter
Firm—U. S. Vegetable and
Fruit Review.
Recovery from the dull condition of
the meat market has not yet mate
rialized, according to reports of deal
ers. and very little change in prices
and conditions are expected until
about the close of the summer season.
Top beef was quoted at 16 and 17;
lamb. 25 and 27. and veal at 15. The
market on live lambs was reported as
particularly dull.
Poultry prices have undergone prac
tically no changes the past few days,
following the drop the middle of last
week. Live hens were 23 and 24. and
dressed stock. 26 and 27. Chickens
were quoted at 33 and 35 alive and 35
and 40 dressed.
Butter is holding its own. The price
went off 1 cent last week, the last
change reported. Eggs increased I
cent. Average receipts were 27, se
lected stock selling at 28 and 30.
Fruits and Vegetables.
The daily market report of fruits
and vegetables, compiled by the Mar
ket News Service, Bureau of Agricul
tural Economics, says:
Cantaloupes—Supplies light; de
mand good; market firm; California.
Kern County, salmon tints, standards.
455, 4 00; North Carolina. Ridgeway
section, salmon tints, standards, best,
2 75a3.25; some ordinary quality and
condition. 2.00a2.50; Virginia, Nor
folk section, Norfolk crates, Sweet
Airs, mostly 3.00.
Peaches—Supplies heavy; demand
good; market steady: North Carolina
and Georgia, Elbertas and Bells,
bushel baskets. 2.00a2.50. mostly 2.25;
6s. 1.75a2.25, mostly 2.00. few" 2.50;
bushel baskets. Elbertas, some medi
um size, some poor condition, 1.25a
1 75; North Carolina, California-style
boxes. Bells, mostly 1.00; Virginia, 6s,
Carmans, 1.00a1.50.
Potatoes Bit Cheaper.
Potatoes—Supplies moderate; de
mand light; market slightly weaker.
Virginia. Norfolk section, and North
Carolina, cloth-top stave and slat
barrels, Irish cobblers, U. S. No. 1,
mostly 2.50.
Watermelons Supplies moderate:
demand moderate; market firm. Car
lot sales: Georgia. 4 tiers, Excells,
S2-lb. average, 360.00; Irish Grays,
2S-lb. average. 425.00; 35-lb. average,
500 00; Thurmond's Grays, 400.00; 34-
lb. average, 475.00.
Cabbage—Supplies moderate: de
mand limited; market firm. Virginia,
barrel crates, round type. 1.75a2.00,
mostly 2.00.
Carrots—Homegrown supplies mod
erate; demand moderate; market
steady. Homegrown. 3.00a4.00 per 100
bunches.
Corn Prices Weaken.
Corn—Homegrown receipts liberal;
demand moderate, market weaker;
homegrown, 5 bags sugra corn, mostly
2.00; Ideals, 1.50a1.7a.
Lettuo*—■Supplies liberal: demand
moderate, market steady; New York,
crates, big Boston type, 1.00a1.25;
few 1.50; some, poor condition, low as
50.
Lima beans —Supplies light; de
mand moderate, market steady; Mary
land. bushel hamper, 3.50.
Onions—Supplies moderate; demand
moderate, market steady; lowa, yel
low varieties, 100-lb. sacks No. 1, 3.65a
3.75.
Peas—Supplies liberal: demand
moderate; market slightly weaker;
New York, bushel baskets, tele
phones, 2.25a2.50.
Tomatoes Also Lower.
Tomatoes Homegrown receipts
heavy. Demand moderate: market
weaker; homegrown, half-bushel
hampers. No. 1. mostly, 50c.
Apples—Supplies light; demand im
proving; market slightly stronger;
Maryland, Virginia and West Vir
ginia, bushel baskets, various early
varieties. No. 1, 1.50a2.00; No. 2, 1.00
a1.50.
USED CAR LOSSES HEAVY
IN SECOND QUARTER
By the Associated Press.
NEW YORK, Augnst s.—Automobile
dealers sustained losses estimated at
$6,327,475 on sales of used cars in the
second quarter of 1924, as against
$6,049,600 in the first quarter, accord
ing to the National Automobile Deal
ers’ Association. The average num
ber of used cars in dealers’ hands at
the end of the second quarter showed
at increase of 12.11 per cent per
dealer. Sales of used cars in the first
half of the year totaled 3.091,440.
. •
Have You Been Stung Yetf
Some men have to get stung good
and hard before they learn to be cau
tious in making investments. Before
you invest—investigate!
CANADA FARM LAND
WORTH $37 PER ACRE
By the Associated Press.
OTTAWA. August s.—Farm land
values in Canada averaged $37 an
acre for 1923, the Dominion Bureau
of Statistics reports. Orchard and
fruit lands in British Columbia aver
aged SIOO an acre. Ontario was sec
ond. with $64 an acre, and Quebec
third, with $56.
Increases in land values in accom
paniment with an adjustment of fanm
product prices was forecast for the
end of 1924.
COMMODITY NEW'S
WIRED STAR FROM
ENTIRE COUNTRY
HAUTO, Pa.. August s.—The Le
high Coal and Navigation Company
has begun to store anthracite at Its
big storage plant here. The hard
coal demand has slackened somewhat,
hut mines are running full time to
provide for Fall and Winter require
ments.
SEATTLE, August 5. —Australia
has come into the Northwestern lum
ber markets with large orders. Elev
en steamers have been chartered to
carry lumber to the Antipodes in Au
gust and September.
CLEVELAND. August s—As a re
sult of a 25 per cent reduction in
production milk prices have advanced
2 cents a quart to 14 cents, delivered,
and 12 cents at stores.
TULSA, Okla.. August s.—Rather
than sacrifice their oil at present
prices, some large producers in this
section are beginning to disconnect
properties from pipe lines and will
store oil until quotations are higher.
KANSAS CITY, August s.—The
Standard Oil refinery at Sugar Creek
has laid off 250 men indefinitely, giv
ing overproduction as the cause.
WOOD RIVER, 111., August s.—The
Roxana Petroleum Company will
build a new lubricating oil plant here
at the cost of approximately $1,000,-
000.
AKRON, August s.—Akron tire
plants are rehiring men laid of ear
lier In the Summer, and the present
rate of production, 75,000 tires daily,
probably will be increased shortly.
LANSING. Mich., August s.—The
Motor Wheel Corporation has added
100 men to its shop forces in the last
week, making the total on the pay
roll 1,700.
SEATTLE, August s.—Millinery
manufacturers here anticipate the
best Fall trade in years as a result
of the sales already made this week
at the openings held for country buy
er*. Stocks in rural districts are low.
FINANCIAL’.
f NEW YORK CURB MARKET 1
Received by Private Wire Direct to The Star Office
BY WILI.LIAM F. A.\.
NEW YORK. August s.—Large of
ferings had to be absorbed in today's
curb market session and at times
these gave the list the appearance of
heaviness. Under the influence of pool
buying a number of individual spe
cialties were bid up into new high
ground, but it was evident from the
action of the general market that
operations for the rise were not being
carried on as aggressively as they
were last week.
Announcement that Pennsylvania
crude oil had been reduced 25 cents a
barrel served as a check to the up
ward movement in this quarter for
a time, and early recessions of a half
b Ol ot to a point were common.
One of the outstanding points of
NEW YORK. August s.—Following
is an ofliclal list of bonds and stocks
traded in on the New York Curb
Market today:
Seles in BONDS.
thousandit. H’ch. Low. fuse.
5 Allied Packers 85... 84% 84% 84%
•t Alum 7s new '33 107>4 107'4 107%
14 Am (ias A Elec 65.. 03% 05% 03%
30 Am Ice 7s wi 107% 107 107
lAm Sumatra T 7%s 77% 77% 77%
2Am Bull In;; Mills 6s 100% 100% 100%
Am Thread Co 65... 103% 103% 103%
1 Anaconda ..s KB'- 103% 103%
7 Anglo-Am Oil 7%5.. 102% 102% 102%
7 Assoc Sim Hdw 6%s 70% 79 79%
X.) Can Nat R equip 7s 110% 110% 110%
2 fit Scry Is C 96% 06% 96%
1 fit Seer 7s I> .... 93% 93% 93%
13 Con Gas Bal 6%s D 108% 108% 10s%
15 CP B M «%» Awi 94 92% 94
2 Deere A Co 7%s ... 102% 102% 102%
1 Deere A Co 7%s u r 109 100 109
6 Detroit City (ias 6s KB 102*4 103
3 Detroit Edison sis. . 108% 108% 10s%
6 Dun Tire A Rub 7s 92% 92% 92%
3 Fed Sugar 6s 33.. 100% 100% 100%
1 Fisher Body 6s '27. 102 V. 102% 102%
12 Fisher Body 6s '2B. 102 " 102 102
1 Galena Sis -Id 75... lot! 10*1 106
16 General Pet 6s 100% 100% 100%
8 Grand Trunk «%s.. 108% 108% 108%
7 Gulf Oil Corp ns 98 98 9S
8 Intern Match 6%s wi 98% 98 98%
14 Kans City Term 3%s 102% 102% 102%
10 Kennecott Cup 75.. 106% 106% 106%
5 liehißh Put 6s 101 101 101
28 I.eg'h Vat RR 35.. 90% 99% 90%
1 l-gh VI Hr By 3s wi 100% 100% 100%
2 Libby. McX A L 7s. 100% 100 100
1 I.gl Wch I-at rl es 7s 103% 105% 105%
3 Manitoba Power 7s. 99% 99% 99%
17 Mo Pac By 5s wi... 100% 100 100%
lO Motor Prod Co 65., 94 94 94
1 Morris ACo 7%5... 97% 97% 97%
2 Nat leather 8s 98% 98 98
8 New Orl Pub Ser 5s 87% 87 87%
2 Nor Pen 5s A 102% 102% 102%
2 Nor St Pow 6%» 96*4 96% 96%
15 North St P M 6%s C 101 101 101
6 Penn Power ALt 5s 92% 92% 92%
1 Phila Elec 6s 106% 106% 106%
36 P S P C N J 6%s wi 96% 96% 96%
48 Pub Ser of N .1 7s 108% 108% 108%
68 Pure Oil Co 6%»... 95% 93% 93%
4 Shawsheen 7» 104% 104 104
4 Sloss-Sheff 6s 101% 101% 101%
2S O X T 7s '25 101% 101% 101%
1 S O N Y 7s '26 10.3% 103% 103%
2 S O N T 7s '3l 107% 107% 107%
7 S O X Y 6%s 108 108 108
2 Sun Oil 6s 100% 100% 100%
59 Swift A Co 5s 95 94% 94%
1 Tidal Osage 7s 104 104 104
10 I n K I, A P o%s A 98 97% 97%
7 Virginia By 5s Awi 95% 95% 95%
1 Webster M 6%s wi 102% 102% 102%
FOREIGN BONDS.
16 Gr CElPo7s Awi 91% 91% 91%
13 King of Neth «s ’54 99 % 98% 98%
60 Russian Govt 5%5.. 16 15% 16
45 Russian Govt 6%5.. 17 1.3% 17
44 Bus Get 6%s nat cf 16% 15 16%
6 Sol A Co 6s '34 B 101 100% 101
37 Swiss Govt 5%s ... 101 100% 100%
7 Swiss Govt 5s 100% 100% 100%
Sales STANDARD OIL ISSUES.
in units.
200 Anglo Am Oil .... 15% 15% 15*4
1000 Atlantic I-obos ... 3 3 3
70 Buckeye P L .... 61 61 61
300 Cheseb Mfg nw wi 50% 50% 50%
20 Cumberland PL.. 146 146 146
130 Gal Sig Oil 59 56 56
700 Hnm Oil A Ref nw 36% 36% 36%
10 Illinois P I. 136 136 136
535 Imp Oil of Can ... 107 106 106
110 Indiana PL 91% 91% 91%
4600 Inter*! Pet Co Ltd 20% 19% 20%
10 Magnolia Pet 135% 135% 135%
100 Nat Transit 22 22 22
20 N T Transit 64 64 64
500 Ohio Oil new 61 % 60% 60%
750 Prairie Oil A Gas. 217 214% 214%
JBOO Penn Mex Fuel... 36 34 % 35
610 Prairie P L 107 106% 106%
20 Southern PL 94 93 % 94
5500 S O Indiana 59% 58% 58%
900 S O Kansas new.. 41% 40% 40%
2000 S O Kentucky 118% 115% 115%
70 8 O Nebraska 247 244 247
1200 SONY’ new 41% 40% 40%
2100 Vacuum Oil new... 65% 64% 64%
Sales INDEPENDENT OIL STOCKS,
in hundreds.
1 Ark Nat Gas 4% 4% 4%
2 Boston Wyo Oil 95 .95 .95
1 Brit-Am Oil 33 33 33
5 Carib Synd 3% 3% 3%
Washington Stock Exchange.
SALES.
Capita! Traction ss—sl,ooo at 97%.
Washington Gas Light—lo at 49%, 7 at
49%. 10 at 49%. 1 at 49%.
Washington Rwy, A Elec, pfd —3 at 15%.
Lanston Monotype—lo at 81%. 10 at 81%,
19 at 81%. 10 at 81%. 1 at 81%
Firemen's Insurance C 0.—50 at 19.
AFTER CALL.
Washington Rwy. A Elec. pfd.—lo at 75%.
10 at 75%, 5 at 75%.
Capitol Traction Co.—lo at 94%. 1 at 94%.
lanston Monotype—lo at 81%.
Washington Rwy. A Elec. g. A ref. 6s w. i.
Washington Gas Light—lo at 49%, 10 at
49%. 5 at 49%.
Money—Call loans, 5 and 6 per cent.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
Rid. Asked.
American Tel. A Telga. 4s 97%
American Tel. A Telga. 4%5.... 100%
Am. Tel. A Tel. ctl. tr. 5s 102
Am. Tel. A Tel. conv. 6s 11<%
Anacostia A Potomac 5a 89
Anacostia A Potomac guar. 5a... 89 .....
C. A P. Telephone 5s 98
c! A P. Telephone of Va. 5*.... 95%
Capital Traction R. R. 5s 97% 98%
City and Suburban 5« 82% 83
Georgetown Gas Ist 5a 87 88
Metropolitan R. B. 5a *OO
Potomac Electric Ist 5s 9• % .....
Potomac Elec. cons. as... 97% 98
Potomac Electric deb. 6s 100%
Potomac Electric 6s 19->3 * 103 .....
Pot Elec. Pow. g m. A ref. 7a. 106% 107%
Wash.. Alex. A Mt. Ver. 5a 30
Wash., Ale*. A Mt Ver ctf 28 .....
Wash., Balt. A Annap. os 68 69%
Washington Gas 5s 97 98
Washington Gas sis.... 101 101%
Wash. Rwy. A Elec. 4s 73% 74%
Wash. Rwy. A Elec, sis wi 98% 99
MISCELLANEOUS.
D. C. Paper Mfg. «* - 85
Riggs Realty os (long) 9.
Riggs Relty 5s (short) 97
Southern Bldg. 6%» **9
Wash Mkt. Cold Storage os 92
Ward in an Park Hotel 100 101
STOCKS.
PUBLIC UTILITY.
American Tel & Telga 124%
Capital Traction 94% %
Washington Gas. <9 * 49 „
Norfolk A Wash Steamboat.... .13 .16
Wash. Rwy, A Elec, com 7a% 77%
Wash. Rwy. A Elec, pfd 7a% 70%
Terminal Taxi com 80 l.a
NATIONAL BANK.
Capital
Columbia 300
n?s^t rel *\.."".‘.v:::: i«> i«*
Farmers A Mechanics' 239
™VtV‘ A “’..:; ;*.*.*.*.*. ii» *
Lincoln ••• S??
sg% 292%
National' Bank of Washington... 200
TRUST COMPANY.
American Security A Trust 300 310
Continental Trust 8
v• Hona" 1 Sa \lngis kn'd'TroVt!.'! 390 I".:;
- Trust • 1«7 170
Washington Loan & Trust 385 410
SAVINGS BANK.
Commerce. and J‘ riD *' *« *
East Washington... ...j- “
Security Savings A Com 280 305
Seventh Street-
United 8 tales... 3 *V
Washington Mechanica 31
FIRE INSURANCE.
American jS?
Corcoran
Firemen’s %
National Union v
TITLE INSURANCE.
Columbia Title 14 J» Is »*
Beal Eatate Title lw lsu
MISCELLANEOUS.
Mer^'hant? r "fransfer A Storage, jio 125
garasr.WSrw:::::: •* “*»
Old Dutch Market com 1% 4
Old Dutch Market pfd 3% 8
Lanston Monotype ; 81% 81%
Security Storage 358 375
Washington Market 47 53
Yellow Cab W ••>»»
THE EVENING STAR. WASHINGTON, D. C.. TUESDAY, 'AUGUST 5, 1924.
strength was Red Bank Oil. Despite
uncertain fluctuations elsewhere, the
pool back of this stock went ahead
bidding un their specialty briskly.
Above 55 It was selling at a new high,
and was 5 points above the previous
close.
Hudson Company preferred and
Hudson and Manhattan common came
In for considerable attention follow
ing the report that at the meeting
of the former company Wednesday
directors would consider recommend
ing to stockholders dissolution of the
corporation and distribution of its
assets.
Further hardening of quotations on
the copper metal had a favorable
effect upon some of the copper stocks.
Canario was actively taken Just un
der 4. but Red Warrior felt the effect
of realizing sales following the re
cent Improvement. Jib Consolidated
sold at 75, compared with Monday’s
final of 71.
1% fit Serv 144% 143% 144%
1 Clt Sere pfd T 4 74 74
1 I'it Serv B of* 14% 14% 14%
S2OOO fit Serv V scrip... 70% 70 70%
S3OOO Tit Serv scrip 82 82 82
47 Creole l?yn(l 7% 7% 7%
10 Federal Oil 15 .15 .15
4 Gilliland O vie cfs 2% 2% 2%
4 Gulf Oil of Pa 60 59% 59%
4 Hudson Oil hi .03 .03
1 Kirby Pel 1% 1% I*4
37 Lagu Pet 4% 4% 4%
30 Latin-Am Oil 02 .02 .02
SO I.ance Creek 02 .02 .02
2 Livingston Pet.... 2% 2% 3%
20 Lyons Pet 11 - .11 .11
210 Mex Oil 25 .20 .21
5 Mex Panuco 58 .50 -58
5 Mount Pro! 18% 18% 18%
235 Mutual Oil Vot cfs 11% 10% 11%
2 New Bradfd Oil wi 4% 4% 4%
10 Noble Oil & Gas.. .07 .07 .07
20 Ohio Ranger 08 .08 .08
1% Okla Ns Cl Gas.. 25% 25% 25%
3 Omar OH A Gas.. .58 .58 .58
7 Peer Oil Corp 1% 1% 1%
40 Penn Beaver 0i1... .45 .40 .4.i
« Pennock Oil 13% 13 13%
29 Pierce Pet wi 7% 77
SB Red Bank Oil new. 50 50% 55%
30 Royal Can O & Ref 5% 5 5%
1 Salt Ck Prod 23% 23% 23%
2 Cn Oil of Cal D wi 132 132 132
1 Ventura Cons .... 22 22 22
8 Wilcox Oil & <«as •"> 5 *»
17 Woodley Pfl 10% 9% 10%
INDfSTRIALS.
lAm Gas .KI pfd.. 45*4 45% 45%
3AmG AEI new wi 76% 75% 76%
4 Am LA Tract... 128% 127 127%
% Am L A Tract war 28 28 28
% Am Power A L... 304% 304 304
% Am Type Kdrs 105% 105% 105%
X Appalac Pow Lt... 74% 74 74
% Ark Light A Pow 57 57 57
% Ark Lt A Pow pfd 90% 90%, 90%
10 Atlantic Fruit wi.. 1% Mi 1%
1% Borden A Co 129 128 129
1 Rrit-Am Tob cou... 24% 24% 24%
4% Brgs Add Ma wi... 55% 55 55%
Vi Bras Add M new pf 101 101 101
f. Itkln City H K 13% 13% 13%
4 Cenlrifug Iron Pipe 30% 30 30
2 Chatlerlon A Son.. 12 11 % 1-
1 Chatierton pfd .... 12 12 12
1 Chic Nip nr/ wi.. 35 35 35
2 Chi Nlp'P Tr n wi. 14% 14% 14%
1 Child Co new wi .. 36% 38% 38%
1 Cleveland Auto 22% 22% 22%
% Com’wTth Pow Cor. 94% 94% 94%
% Com'w’lth Pow pfd. 80 79% 80
1 Cuba Co 33% 33% 33%
20 Dubilier C A Radio. 47% 48% 47
1 Kunhiii Inti 1nc.... 27 27 27
5 Kurant Mot 21 % 20% 20%
1 Ku Pont Motors 2% 3% 2%
% Klee Bond A Sh pf. 101% 101% 101%
1 Film inspec Mach.. 4% 4% 4%
10 Glnter Co 29 28 28%
42 Gen Motors nw wi 80 50% 59%
1 Goodyear Tire .... 11% 11% 11%
12 Hareltine Corp wi. 25% 24 25%
12 Hud A Mann R R 21% 20% 20%
12 Hudson Co pfd .. . 39% 38% 35%
1 Hydros Corp .... 24% 24% 24%
1 Inter font Rubber 3% 3% 3%
3 Keystone Solether. 1% ' % 1%
2 Lehigh Power sec. 79 79 79
1% I.cbigh Val Coal .. 83 82% 82%
179 Le Val Coal nw wi 43% 42% 42%
1 Libby McN AL nw 8% 8% 8%
1 McCrory Stores nw 93 93 93
28 Mesahi Iron 2% 2% 2%
8 Midvale Co 24% 24 24
1 Middle West t'til. 60 59 80
2 Nat lyeather 3% 3% 3%
y~ Nat Tea Co new wi 222 220 222
t New Eng T A T Co 108 108 108
4% N Y Tel Co pfd... 110% 110 110
2 Omnibus C vtc wi. 15% 15% 15%
26 Radio Corp 5% 5% 5%
14 Radio Corp pfd ... 4% 4% 4%
11 Rad Corp nw Awi 28% 25% 25%
2 Reo Mot 18% 18% 18%
39 Rva Kd Cp Tat cfs 12% 11% 12
3 Sit Gel n v tr cf wi 23 23 23
10 So C A I new 05 .05 .05
2 Stand Pub Co A.. 25% 25% 25%
% Swift A Co !<>«% 107% 107%
2 Tenn Ei Pow 37 38% 38%
1% Tenn El P’.v 2d pfd 85% 85 65%
10 Tpsn Rd vt tr cf wi 18% 18% 16%
3 Tobacco Pd Expta 4 3% 3%
1 Todd Ship 48 48 48
1 t'nion Carbide .... 61 81 61
15 foiled Bakeries... 85 83% 84
1 foiled Bakeries pf 94 94 94
4 foiled G A E new 34% 34 34
%fn Lt A Pow A.. 32% 32% 32%
4 fn Retail Candy... 5% 5 5
B f 8 Lt A Heat 50 .50 .50
2 Wan Mail Cast wi 22 22 22
3 Ward Bak Co A wi 98 97 97
19 Ward Bak Co Bwi 22% 22% 22%
4 Ward Bak Cor pfd 88 87 % 87%
12 Ward Radio Corp wl 21 % 20% 20%
Vi Western Power ... 30 30 30
2 Yellow Taxi CN Y 20% 20% 20%
MINING.
1 Alvarado Mining... .99 .99 .99
10 Arizona Globe Cop. .05 .05 .05
17 Black Oak Gold m. .94 .92 .94
23 Canario Copper 3% 3% 3%
20 Comstock Tunm4 .. .15 .15 .!•>
38 Cons Cop Min new 3A 3% 3A
70 Ccrtez Silver IS .15 .18
90 Kiamondfld B1 But .18 .17 .18
20 Pividc Extension... 07 .06 .07
70 Goldfield Keep Min .04 .03 .04
70 Gold /.one 06 .04 .05
140 Hardshell Mining.. .03 .02 .03
380 Harmill Div 28 .24 .25
20 Hawthorne M Inc.. .26 .23 .23
1 He. la Mine 9 0 9
10 Independence Lead. .12 .12 .12
10 Iron Blossom 21 .21 .21
1 Jerome Verdi Devel .90 .90 .90
126 Jib Cons 77 .73 .75
42 Kay Copper Corp.. 1A 1A 1%
180 Lone Star 08 .07 .07
80 Lorrain Sil Syn Ltd .38 .35 .38
16* Mason Valley 2% 2 2
10 McNamara 02 .02 .02
10 Mohican Cop 13 .13 .13
2 New Cornelia .... 21 % 21 % 21 %
1% New Jersey Zinc.. 150 148 150
20 Nev Hills Mining. .37 .37 .37
10 N Y Porcupine... .20 .20 .20
4 Niplssing 6 6 6
16 Ohio Copper 1A I
25 Ply Lead Mines... .67 .64 .67
8 Premier Gold Min. 2A 2 2 A
60 Red Hill Florence .04 .03 .04
249 Red Warrior .... .69 .63 .66
8 Rck Mt Sm A Ref 1A 1% ls«
2 Rck Mt SAR pf 1% 1A 1%
10 Silver Pick 03 .03 .03
SSo Am Gold A P.. 3% 3% 3%
110 Spearhead Gold ... .08 .08 .08
5 Teck Hughes .... 1% 1% 1%
2 Tonopeh Extents .. 2% 2A 2A
20 Tone Jim Butler .. .05 .05 .05
5 Tonopah Min 2 2 2
3 fnited Verde Ext. 28 28 28
30 IT S Conti new wi. .18 .18 .18
10 Vindicator C G M .02 .02 .02
12 Walker Mining ... 3% 3% 3%
15 Wenden Copper .. 1% 1% 1%
2 West End Consol.. .50 .50 .50
180 West End Ext 12 .11 .12
FOREIGN EXCHANGE.
(Quotations furnished by W. B. Bibbs A Co.)
Nominal Selling
gold value, checks today.
London. pound... 4.8665 4.47
Montreal, dollar 1.00
Paris, franc 193 .0552
Brussels, franc .193 .0493
Berlin, mark 338 .2390 tril.
Rome, lira 193 .0443
Zurich, franc 193 .1893
Athens, drachma 193 .0173
Madrid, peseta 193 .1350
Vienna, crown 2026 .000014%
Budapest, crown .2026 ,00013
Prague, crown 2026 .0297
Warsaw, mark... 238 .00001930
Copenhagen, crown 268 .1629
Christiania, crown 268 .1380
Stockholm, cr0wn....... .268 . 2664
By the Associat'd Press.
NEW YORK. August s.—Foreign
firm. Quotations in U. S.
dollars: Great Britain, demand, 4.46%;
cables, 4.46%; 60-day bills on banks,
4.43%. France, demand, .0552; cables,
.0554. Italy, demand, .0441%; cables,
.0442%. Belgium, demand. .0501; ca
bles, .0502. Germany, demand (per
trillion), 23%. Holland, .3863. Nor
way, .1387. Sweden, 2664. Denmark,
.1625. Switzerland, .1885. Spain,
.1347. Greece, .0173. Poland, .0019%.
Czechoslovakia, .0397. Jugoslavia,
.0122. Austria, .000014%. Rumania,
.0044%. Argentina, .3350. Brazil, .0995.
Tokio, .41%. Montreal, .99 27-32.
TODAY’S METAL PRICES.
NEW YORK, August s.—Copper
firm; electrolytic, spot and nearby,
13%a13%; futures, 13%a13%. Tin
firm: spot and futures, 51.75a52.00. •
Iron steady; prices unchanged. Lead
steady: spot, 7.50a7.75. Zinc, firm;
East St. Louis, spot, 6.12a6.15; futures,
6.15a6.20. Antimony, spot, 9.00.
RATES ON CALL MONEY,
NEW YORK, August s.—Call money
steady; high, 2; low, 2; ruling rate, 2;
closing bid, 2; offered at 2% ; last loan.
2: call- loans against acceptances. 1%;
time loans easy: mixed collateral, 60
to 90 days, 2%a2%; four to six
months. 3a3%; prime commercial pa- 1
per, 3%a3%.
SEEK TO EXPAND
SALEOF SILVER
Producers Also Hear Reports
of U. S. Expert on Ways
to Boost Industry.
BV J. C. HOYLE.
Special Dispatch to The Bt«r.
NEW YORK. August s.—No advo
cacy of a return to bimetallism is
contemplated by the silver producers
of North and South America who will
meet in Salt Lake City Wednesday
to discuss means of stabilizing their
industry. What they hope to accom
plish is an expansion of the sale and
use of silver. It is probable that a
permanent organization of producers
will be formed at the meeting, which
grew out of a conference at Reno
last September.
The committee of 15 appointed at
Reno to investigate the foreign and
domestic situation will report through
C. K. Kelley, president of the Ana
conda Copper Co., the world’s largest
silver producer. The United States
Bureau of Mines will make public the
results of its experiments in devel
oping a non-tarnishable silver alloy,
which it is hoped will encourage the
wider use of hte white metal in the
arts, sciences and manufacture. Also
a representative of the Dpartmnt of
Commerce will furnish Information
as to currency conditions In Europe
and the Orient.
An increased demand for sliver for
coinage is anticipated in the near
future. Poland recently placed such
an order which the leading producers
pro-rated among themselves. Silver
manufacturers and international
bankersw ill add their counsel to the
deliberations at Salt Lake City, while
experts in constitutional law will
present opinions as to whether a sil
ver export association would be pos
sible under the provisions of the
Wcbb-Pomerene law.
Copper Demand Also Improves.
The position of the silver producers
has improved directly with those of
the copper producers, since the two
are identical in many instances. Pro
duction of copper in the Utah mines
has been heavily increased recently
and may surpass previous records be
fore the year is over. Similar reports
came from other sections of the West
and if the negotiations at the Lon
don allied conference result In put
ting the Dawes plan into operation,
domestic producers expect a pro
longed period of prosperity for the
copper industry, which is largely de
pendent on foreign demand. There
is no question of the foreign need of
copper, and if the central European
nations can be put on a basis where
they can pay for what they need and
want to buy, American mine owners
are assured of large and continuing
sales.
The betterment of the statistical
position of copper and silver has ex
tended to a certain extent to lead and
zinc. The slump in automobile pro
duction has shown signs of passing
and the radio manufacturers have
been consistent consumers of the
non-ferrous metals. Also the tele
graph and telephone companies have
shown no indications of abandoning
ambitious programs for extensions
and expansions.
Worry Over Messenger Boys.
Neither the telephone nor telegraph
engineers seem at all worried over
the possibility that radio will sup
plant wire transmission. The West
ern Union Is adding to its cable fa
cilities and the telephone companies
are far behind in installing new lines.
In fact, the chief wory of the tele
graph companies, according to one
executive. Is found in the messenger
boy and the difficulty of inducing him
Our
First Mortgage Notes
Are tho type of investments that
appeal to conservative investors.
Banks Recommend Them
Insurance Companies
Prefer Them
Courts Advise Them
(the three most ronserestive institu
tions one cm go to for advice.)
Buy them and the thought of
worry can be dismissed from your
mind.
We have on hand a limited
amount In denominations of SIOO
and up.
Bearing n interest j
Chas. D. Sager
Loss Department
on
924 14th St. N.W. m«i b st
38
Safest Investment
With
Liberal Return
Our
First Mortgage Notes
Paying
Interest Semi - Annually
On D. C. Property
Are worth their weight in
gold. No safer security can be
offered to those who desire
liberal investment returns and
no risky speculation. We urge
that you
Consult Our Mortgage
Investment Department
gHANNOFT^LUCH^I
713 and 715 14th St. N.W.
Main 2345
From 3%
to more
than 7%
75 issues recom
mended for mid
summer purchase.
Send for our August
' circular.
The National City Company
Washington—74llsth St. N.W.
T«lephan» Mils 3176
to put one foot In front of the other
—fast. This executive declares that
operators, wire chiefs, and plant su
perintendents are stretching every
energy to transmit a message In half
a minute, only to have it delayed an
hour or more through messenger de
livery.
In event of storm between New
York and Florida, for example, a
message in order to avoid delay
might be routed via St. Paul, Seattle,
Los Angeles, El Paso and New Or
leans and arrive in Florida promptly,
only to be turned over to the mercy of
a slow-footed boy. Receipt of out
going messages by telephone, to
which one whole floor of the New
York plant of the Western Union is
devoted, has cut down delay in start
ing messages, but delivery by tele
phone has not kept pace with this
development.
COAL PRICES ADVANCED.
PHILADELPHIA, August 5, (Spe
cial). —While nine operators have
advanced prices of anthracite 10
cents a ton this month, retailers are
inclined to absorb this Increase, hop
ing to stimulate sales, which are
slow. On one division of the Lehigh
Valley road 37 collieries are operat
ing at only 33 per cent of normal
owing to strikes.
EQUITABLE
Co-Operative Building
Association
Organised I*7o
44th YEAR COMPLETED
Assets 54,75.1,170.. VJ
Surplus
Great Accomplishments
Through Systematic
Saving
—Join the Equitable and save in a sys
tematic manner and you will grow
stronger and stronger in a financial
way.
Subscription for the
87th Issue of Stock
Being Received
Shares, $2.50 Per Month
EQUITABLE BUILDING
915 F ST. N.W.
JOHN JOY EDSOIV, President
FRANK P. REEMDE, See'y.
Closed Homes
f H*ilf etc., particularly during the
■ lil'Tp *jvacation season. Unoccupied
faSawli'l ■ 9q 2£ jffl homes invite burglars.
A NOMINAL SUM will rent a
box in our modern vault for an
National Savings & Trust Co.
57fh Oldest Savings Depository in Washington
Year Cor. 15th and New York Ave.
Subscription having been received in excess of the amount of the issue, this advertisement
appears as a matter of record only.
New Issue
~ $25,000,000
Kingdom of Norway
Twenty Year 6% External Loan Sinking Fund Gold Bonds
Dated August 1, 1924 Due August I, 1944
Interest payable February 1 and August 1. Coupon bonds in denomination of SI,OOO. registerable as to principal
only. Principal and interest payable in New York City in United States gold coin of the present standard of
weight and fineness at The National City Bank of New York, the Fiscal Agent of the loan, without
deduction for any present or future Norwegian taxes, in time of war as well as in time of peaee,
irrespective of the nationality of the holders.
JS
Non-redeemable except for Sinking Fund
Norway agrees to redeem the entire loan through a cumulative sinking fund payable semi
annually commencing February 1, 1930. The Government may itself purchase bonds for
the sinking fund or shall redeem the requisite amount of bonds by lot semi-annually at par.
These bonds are the direct obligations of was quoted on August I, 1924 at 103, a
the Kingdom of Norway, which agrees basis of 5.84%. The five Norwegian issues
that if, in the future, it shall sell, offer for listed on the London Stock Exchange were
\ public subscription or in any manner dis- quoted August 1, 1924 at prices giving an
pose of any bonds or loan secured by lien on average yield of 5.78%. It is officially
any revenue or asset of the Kingdom, the stated that no default of principal or $
bonds of this loan shall be secured equally interest has ever taken place on a •
and ratably therewith. Norwegian National Government loan.
The thrifty character of the Norwegian XT T
people, their excellent record for meeting Ihc f otal d * bt of N °jway, June 30, 1924, if
their obligations promptly and the con- was $4 2 3»3 3’7 2 °- Against this debt, the
servative financial policy of their govern- Stat * owns P ro P ert,c f> mostly revenue
ment justifies the high credit standing of ro ucm ß> v^ uc at $335,000,000. The
the nation. total national wealth of Norway was au
thoritatively estimated in 1920 at $3,350,- f
The Norwegian 6% Sterling Loan of 000,000. The proceeds of the present
£4,000,600 (approximately $20,000,000) loan will be used to fund short term in
due in 1961, issued in London in 1921, debtedness and to create dollar balance*.
i
Application will be made to list these bonds on the New York Slock Exchange
We offer these bonds if, as and when issued and received by us, subject to approval of counsel.
Delivery in temporary form is expected on or about August 14, 1924.
Price 97V2 and Interest, to yield 6.22%
J. P. Morgan & Co. The National City Company
First National Bank, New York Guaranty Company of New York '*
Lee, Hxgginson & Co. H arri# » Dillon, Read & Co.
Ir&lscyi Mu art &
Incorporated
Bankers Trust Company Brown Brothers & Co.
The information contained herein ha* been obtained partly by cable and is subject to confirmation. While we d. not guarantee wo
believe Hto be correct. All statistica relating to foreign money are expresaed in terms of the United States gold dollar at par of exchange.
...
- ..• - ; -r .
EABJTIHGS MUCH SETTEE.
NEW YORK, August 5. —Not profits
of the International Nickel Company
for tho quarter ended June 30, after
charges, depreciation and all taxes,
totaled $359,699, equivalent, after pre
ferred dividends, to 14 cents a share
on the common stock (par $25), as
compared with $204,802, or 4 cents a
share, in the corresponding quarter
of 1923.
LIVE POULTRY HIGHER.
CHICAGO, August s.—Poultry
Alive, higher; fowls, 16%a21; broilers,
29: springs. 27; roosters, 15.
g®ia®aafajaiaja^
I First '
I Mortgage
I Notes —
I Secured by
| Improved
I Real Estate
I In Washington
| Worth Double
| The Amount
I Os the Loan—
| Interest Rates
I Today 6^4% —
[Denominations of I
SIOO to $5,000 —
Partial Payments |
Received —
Mortgage Investment Dept. ra
Shannon & I
713 and 715 14th Sf. N.W. I
Main 2345
MOEE GOLD COMING.
NEW YORK. August s.—The Hom
eric. due In New York Wednesday. Is
bringing- gold valued at £477,711
sterling.
Money to Loan
Sera red by first deed of trust on re«l estate
Prevailing interest and commission
Joseph I. Weller “»
FOR SALE
FIRST MORTGAGE NOTES
Consult Us
If you have funds for
investment
THOS. E. JARRELL
Vcm her Washington Rral E»tat» Board
Woodward Bldg. Main 766-3370
*1
MONEY TO LOAN
ON FIRST MORTGAGES
AT
CURRENT RATES OF INTEREST
ffyanc/a// V
7207 {jon>iecOcu7 Ssvenue
~
EXEMPT—FROM WORRY
(f When you invest in one of
OUR FIRST MORTGAGES
Over a —you never need give a mo-
Quartcr ment’s thought to the safety of
of a your funds or the certainty of
Century 6 x / 2 % interest.
Without
a Loss
B. F. SAUL CO.
Main 2100 1412 Eye St. N.W.
%
- = - L ‘ ! - = — ■ '' L ' ■' ma sr=z 1
FINANCIAL.
Your German Seearltles Hay Have
Doubled and Tripled la
Price Recently
This is the case with many Bonds 4 Stocks
Write or call for information
PETER WHITNEY
Spocialiata in Foreign Securities
Phone Krh. 3978. 303 Invest. Bldg.
FEDERAL-AMERICAN'
NATIONAL BANK
RESOURCES $131100.000 j
1315 F ST
J'omi POOU Satuatet
23

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