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EGGS REMAIN FIRM
i AT PRESENT PRICES Nearby Selected Stock at 50 Cents Per Dozen Today at Center Market. I "Not quite so strong - , but no change in prices,” was the remark of a dealer concerning the egg market •I believe the price has about r.-ached its limit, at least for some time,” he added. Nearby selected stock was quoted at 10, the price of averdpe receipts be ins 45 and 46. Western storage eggs were quoted at 4”. Give chickens were quoted at 28 and ;n. dressed stock bringing 33 to 38. fold-storage turkeys were 3S and 40. Only a few live turkeys are being received, the price quoted for them being 30 cents. Today's daily market report on fruits and vegetables, compiled by the Market News Service Bureau of Ag ricultural Economics. says; Apples—Supplies liberal; demand Jicht market steady for good slock; demand slow; market dull for ordi nary stock. Barrels, Virginia and "West Virginia, No. 1, 2'«-inch Grimes, -1.50a3.50; Delicious, r>.50a7.00; some fair condition, 4.00a4.50; boxes, 'Wash ington. medium to large size extra Jancy Delicious, 4.25a4.50; extra fancy Jonathans, 3.25a3.50; mostly 3.25; ex tra fancy Grimes, 3.0ua3.25; bushel baskets, Maryland. Virginia, various varieties No. 1, T5a1.25; some fair con dition low as 50; fancy Grimes and iStayojaa Winesaps, 1.75a2.25, mostly i o*. Cabbage—Supplies moderate; de hnand light; market dull; New York, bulk per ton round type, mostly 20.00. Grapes—-Western supplies liberal, Eastern supplies light; New York, 2- •jt. Cllmajt baskets Concords. 26a25; Niagaras and Delawares, 25a26; Onions—Supplies moderate; demand 3.ght; market steady; New Y'ork and Ohio, 100-Ib. sacks Yellow varieties No. t, large size. 2.15a2.25; small to medium size, 1.75a2.00; few higher. J Caches -—Supplies moderate; de mand very light: market dull; New A "rk, bushel baskets Elhertas. large M/e, best, mostly 2.00; medium size, fcorno fipe, 1.00a1.75; mostly 1.50. Maryland and Virginia, bushel baskets Jtilyeaus, t.50a1.75. Bears—Supplies moderate; demand moderate; market steady: New York, "busi.t’i baskets, Bartletts, medium to large size. 3.PC5*:.25. some ripe. 2.25a 2.75; Seckols. 3.M*a3.75. Potatoes Supfltes moderate; de mand good; market steady; New Jer sey, U. S.. No. 1.150-.. b. sacks, Irish Cobblers, 2.50a.2.6-} per sack; Michi gan, 150-lb. sacks. Russet llurals, U. S., No. 1, 2.35a2.4d per pack; Maine, 150-lb. sacks, Irish Cobblers, U. S., No. 1, mostly 2.15 per sack. Sweet i tfiatoes Dull. Sweet T’otatc'ciy-—Supplies moderate; • demand light, market dull. East Shore, Virginia, cloth-top stave bar rels. yellow varieties. No. 1, 3.70a4.00; North Carolina, cloth-top, stave bar rels. yellow varieties, fair quality. 3.50 a :|.00; homegrown, bushel baskets, Nancy Halls, No. 1, 1.25a1,50. Tomatoes—Homegrown sup plies moderate; demand moderate, market slightly weaker; one-half bushel ham j>- rs, No. 1, mostly 50a73. Cantaloupes—Supplies light; Colo rado, flats. 12s and 15s, pink meats, mostly 1.85; standard crates, honey dews, 1.75a2.00. A Capital Likeness. From the Ixmdnn Telegraph. Sandy had been photographed, and he was gazing intently at his "picter” v hen MacPherson came along. ‘What's that ye hev there?” asked Mac. "Oh. a photograph o’ masel," replied Kandy, showing it to his friend. ■ "Mon." exclaimed Mac, "it’s awfa’ like jo, Sandy. What did it cost ye?” "Weel,” said Sandy. “I dinna ken for i hevna’ paid for it yet.” “Mon," said Mac, in a firmer tone, “it’s awfa’ like ye.” Washington Stock Exchange SALES. Capital Traction ss—ssoo at DS’-j. Potomac Klee. eon*. s*—sl3B)o at 98, $2,000 a- OS. *2.000 at us. Washington lim- ss SI,OOO at 97%. Washington Ga» tin 1933 J2OO at 100%. < .iplttl Traction—ls at 93%, 10 at 93%, 10 a t 93%. W ashington R«y. A Klee. pfd.-15 at 79, 10 • «■ 79. 8 at 79. 30 at 79, 20 at 79. National Mtge. & Inrest, pfd.—2s at 9. AFTER CALL. Capital Traction—ls at 93%, 13 at 93%, 2o at 93%. Capital Traction—ssoo at 95%. Higgs National Hank -10 at 300. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Rid. Asked. American Tel. A Telga. 4s 07-ig American Tel. A- Teltfa. IUS 306 Am. Tel. & Tel. ctl. tr. 5» 10U Am. Tel. »V Tel. cuiiv. 6* 120 121 Anacoatis Ac Potomac s*» «9 Auacostia A Potomac guar. 5«.. S 9 « . A P. Telephone 5a Pi* 4 Ac P. Telephone of V«. 55.... 96 < apt la I Tract ion U. It. ss.- 9* 9b 4 ity & Suburban 5» 82** ..... Georgetown Gas Ist 5s 88 90 >,fi ropolitan It. It. 5s ICHJ luOV^ I'otomac Electric Ist 5s 98 j'etomac Elec. Cons. sa. 98 98^ 9 I’titomic Elec. deb. rta 100 1 ,* I’otomac Elec, tis 1053 103 jv»t. Elec. Pow. sr. ni. A ref. 7s. 107 >Vabh. v Alex. A Mt. Ver. 5a ... 30 'Wash., Alex. &. Ml. Ver. otfs.. 27 Wash. Halt. & Annap. 5s 62 66 I "Washington Gas 5s 97 Washington Gas Os 101% 102 V ash. Kwy. A. Elec. 4a 74% 75% Vasb. Bwy. A Klee. gen. Cs 95% 99 MISCELLANEOUS. J> C. Paper Mfg. sis 85 Riggs Realty 5s (long) 93 Riggs Realty 5s ishort) UH ..... Kcuthern Bldg. B%s 99 Wash. Mkl. Cold Storage 5a 92 Vardman Park Hotel ti& 99% 100% STOCKS. PUBLIC UTILITY. American Tel. * Telga *126% Capital Traction 93 93% V ashing ton Gas 51% 02% Norfolk A Wash. Steamboat.... 212 217 "Wash. Rwy. A Elec, com 83 Wash. Kwy. & Elec, pfd 79 80 Terminal Xaxi com bo 125 NATIONAL BANK. National Capital 220 233 Columbia - - 240 3UO Commercial 140 ..... District I*B f”5 Farmers A Mechanics’ 23» l ederal-American 215 Liberty »o7 DV> l.imoln 34« National Metropolitan »270 Riggs *298 303 Second HiO ..... National Bank of Washington.. 200 TRUST COMPANY. American Security A Trust..., 300 310 Continental Trust 85 90 8 Merchants Bank 130 National Ear. A Trust 390 Union Trust *l6O 170 Wash. Loan A Trust. 385 400 SAVINGS BANK. Commerce 4 Barings., 200 1 a«t Washington Savings Bank. 24 Sec. Bar. 4 Com 280 305 Seventh Street Savings 190 i; S. Saving* 320 Washington Mechanics 3U KIRK INSURANCE. * icriean Fire Insurance 200 ; ,’.,e«o Fire Insurance 130 KiSr*an’a IS ..... B,ati\ll Union 11 13 TITLE INSURANCE. Title 8 9 3ieal |K« Title 145 185 MISCELI-ANEOCS. Merch. Trans. A Storage 115 135 Mrrgenthaler Linotype 104 186 ,' Natl Mtge. * Invest, pfd ..... 9 9% Old Dutch Market com 1% 4 I -old Dutch Market pfd 3% 8 3.an*ton Monotype 79 SO Security Storage 3W» 400 Waahtßgton Market. 48 54 fellow Cab 15 ..... •SJt dividend. .. . TTN'ANCrAi:. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNA.V NEW YORK, October 11.—Prices went lower on the curb market to day under a continuation of the sell ing movement which broke out late Friday. It was evident that offer ings represented lor the most part real liquidation and that traders were desirous of being out of the market over the extended week end. Standard Oils bore their share In the reaction, several of the highest priced issues declining as much as 4 points. Included among tnese were Standard of Ohio at 307 and Standard of Nebraska at 236. ' New England Fuel OH lost 2 points overnight, ■while what little buying had been NEW YORK, October 11.—Follow ing is an official list of bonds and stocks traded In on the New York Curb Market today: Niles in BONDS, thousands. High. law*. Close, 27 Allied Packers Bs.. 87 85% B.l’, i Alum 7s - 2r. 103% 103% mi l , lAm Ga» AEl6s wl 05% 95% 05% 10 Am lee 7s , 102 102 102 2AmPwA Lt Ha old 04% 94% 04% 14 Am Pow A I,t fls.. 04% 04% 04% BAm Humat Tob 7%s 84'-.. 84% 84% 2Am Koll Mills 6».. 100% 100% lorn., 1 Am Thread Co 6s .. 103% 103% 103% 5 Anaconda 6s 103% 103% 103% 1 Ando Am OH 7%s 101% 101% 101% I Asso SUn Hdw 6%s 84 84 84 31 At C, 4wis sss r.r.% 53% r. 3% 1 Childs Co 6s 103 10.3 103 6 fit Herr 7a D 07 06% 06% r< Con Gas Hal 5%s K 102% • 102% 102% 0 Con Gas Hal 6%a I> 108% 108% 10«% 3 Hetrolt Edison 6s .. 108 107% 107% 2 Dun Tire & Bul> 7a 04% 04% 04% 2 Fed Sugar 6s '33 .. 100% 100% ]fM)% 3 Galr, Uoht 7s oo 08% 08% 11 General Pet 6s 1(81% 100% l'H)% .34 Gulf Oil Cdrp 3».. 08 07% 07% 4 Inter Match 6%» .. 00% 00 00 17 Kennecott Cop 7*.. 106% 106% 11X1% 4 1 .Thigh Val URS» . . 00% 00% 00% 2 I.ihby McN A 1. 7a 100% !(»• li«) 1 Manitoba Power 7s. 00% !*O% 00% 6 Nor States Pow 6%* 07% 97' j 07 % % Nor S P Minn «%s C 102% 102% 102% 17 Penn Power A I.t .’is 03 02% 03 21 Penn RH5s wi 08% 08% 08% 15 Pub Servos N J 8s 01 04 01 30 Stand Gas A El 6%s 102 102 102 1 8 O N T 7i '3l 106 106 106 5 Swift ACO 5a 04% 04% 04% SUnEI LA P ft%» A 08% 08% 08% 1 Dnl Ry of Hav 7%a 107', 107% 107% 20 United Drug 6s wl., 100% 100 100% FOREIGN BONDS. 1 Ind Mfg Bk Find 7s 04% 01% 01% 6 King of Neth 6s '54 08% I*B', 08% 0 Rep of Peru 8s '32.. 00% IHt 09% 2 Hep of Peru 8s '44.. 00 % 00% 00% 1 Rep of Poland 65... 74% 74% 74% 2 Rnss Govt 5%s 1.3% 13% 13% 3 Russ Govt. 6%s 14% 14% 14% 17 Swiss Govt 5a 100% 100% 100% Sales STANDARD OIL ISSUES, in units. . 200 Anglo Am Oil 14% UTa UTa 100 Atlantic Lottos .... '-a -a - v 10 Ctitnlterland PL .. 135 EC* 135 10 111 P 1 121% 121% 121% 110 Imp Oil of Can 100% 100% 100% 1200 Interna Pet Co Ltd 18% 18% 18% 40 Magnolia Pet 128 128 128 20 N V Transit 56% 56', 56% 300 Ohio OH 59% 59% 50% 1010 Prairie OH & Gas.. 106 Iftl 195 0«) Prairie P L 102 10l % 102 10 Southern PL 81 81 81 1300 s o Indiana 53% 53% 55% 20 S O Nebraska 232 ' 230', 230% 100 SO N V 38% 38% 38% 60 H O Ohio , . 3U) 302 302 1400 Vacuum Oii 70 60% 70 Sales INDEPENDENT OIL STOCKS, in hundreds. lO Allen Oil 48 .48 48 5 Ark Nat Gas 4 I 4 1 Carlh Synd 2% 2% 2% 1 Cit Serv 142 142 142 1 fit Serv pfd 77% 77% 77% 2 fit Serv “II" cfs.. 14% 11% 14% $5,000 Cit Serv C scrip. . 71 71 71 $1,300 lit Serv scrip.... 82 82 82 6 Creole Synd 8% 8% 8% 10 Engineers Pel 01 .04 .04 6 Euclid OH 92 .90 .92 1 Federal Oil 18 .18 .18 2 Gill Oil vt tr cfa.. 3% 3% 3% 50 Hudson Oil 02 .02 .02 99 I Ago Pel 5% 5 5% 5 I.atin Amer 0i1... .03 .03 .03 4 Mex Panuco 52 .50 .02 6 Mount Prod 19% 19% 19% 13 Mutual Oil vot cfs 10% 10% 10% 40 Penn Heaver 0i1... .20 .19 .19 4 Pennock Oil 17 17 17 6 Red Hank Oil 36% 34% 36% 11 Royal Canad 0& R 6 5% 6 1 Salt Ck Cons 7% 7% 7% 5 Salt Creek Prod 25% 25% 25% 2 Union OH of Cal D. 132 132 132 8 Venezuelan Pel 5% sa, 5% 4 Wilcox Oil A Gas... s‘, »■* 5% 2 Woodley Pot 10% 10% 10% INDUSTRIALS. 1 Allied Pack pr pfd.. 45 45 45 BAm Gas AEI new.. 84 81% 84 12 Am I, A Tract 145% 143% 144 51 Am PA Lt new wl. 41 39% 40 4 Am Foreign Pow wl 32 31 % 32 1 Am Tob new wi ... 82 82 82 2 Am Tob B new wi.. 81% 81 M 1 Armour ACo pfd.. 78% 78% 78% 1 Borden 125% 123% 125% 4 Hklyn City R R . 0 0 0 1 Campbell Soup pfd 110% 110% 110% 3 Centrifugal Pipe .. 16% 16% 16% 1 Chatterton A Son.. 11% 11% >l% 2 Checker Cab Mfg A 18 17% IS 1 Chic Nip A 35% 35% 33% 5 Chic Nip B Trust 17 16% 17 1 Colo Pow A Lt .. 34% 34% 34% 15 Co Gas uw pf A wi 104% 103% 104 3 Com Power Corp. . 00 07 07% 3 Com I’ow Corp pf 75% 75% 75% 4 font Tob Inc .... 25% 25% 25% 4 Con Gas Bal nw wl 35% 35 .‘15% 16 Oubilier C A Radio 57 56% 56% SHOET-TEEM SECTJEITIES. (Quotations furnished by Redmond A Co.) , Close. , Bid. Offer. Aluminum Co. of Amer. 7s 1923. 103% 103 ft Aluminum Co. of Amer. 7s 1933. 107 107 % American Sugar 6« 1937 100% 101 American Tel. A Tel. 6s 1925... 119% Anaconda Copper 6s 1929 KB 1 , 103% Anglo-American OH 7%s 1923. .* 101% 101 H Associated Oil 6s 1933 100% 101% Bell Tel. of Canada 3s 1923 00% 100% Central of Georgia 6s 1929.... 103% 103% Central leather 5s 1925 100*% 100% Chi.. Mil. A St. Paul Os 1934.. 97 07% Chi.. U. I. A Pacific 5%* 1926.. 101% 101% Columbia Gas A El. Ist 5s 1027. 100% 100% Continental Gas A Elec. 5s 1927. 90% 100% "-it 71.. S 11*31 107% U'B% Federal Sugar Ref. 6s 1933 100% 101 I. i..,., Culp, bt> .U-i W» Vs 1U2% Fisher Body Corp. (is 1928 101% 102% Goodyear T. AR. S» 1931 106% 107 Great Northern 7s 1936 It® 100% Gulf OH Corp. of Pa. 5%s 1928. IUI% 102 Humble Oil 5%s 1932 100 100% Lehigh Pw. A Sec. Corp, 6s 1927 100% 101 Vi M . Ht. P. A 8. S. M. 6%s 1031. 101% 102% Morria A Co. 7Via 1930 99% 100 New York Central 6s 1933 106% 106% Oregon Short Line 7s 1930 97 % 97% Pennsylvania B. It. 7s 1930.... 109', 106% Pure Oil 3%5, August, 1925.... 100% 101 % Swift A Co. 3s 1932 94% 94% Tidewater Oil 6%s 1931 103% 103% Union Tank Car ,s 1930 104% 105 11. S. Rubber 7%* 1980 104 104V4 Western Union 6%s 1936 111% 111% Westlnghouse E. A M. 7s 1931. 108% 108% Wheeling Steel 6s 1926 100% 101% TEEASTJEY CEETIFICATES. (Quotations furnished by Redmond A Co.) , Close. , Bid. Offer. 2%t December 15, 1924... 100 1-16 100% 4%s December 15. 1924... 100 5-16 100% 4s March 15, 1925 100 17-32 100 21-32 4%» March 15. 1925 100% 100 31-32 4%h June 15, 1925 101% 101% 2%s September 15, 1925.. 100 100 1-32 4%s December 16, 1025... 101% 101% 4%s March 15, 1928 102 3-32 102 7-32 4%a September 15, 1926. .101% 101% 4%s March 15. 1927 102% 102% 4%s December 15. 1927... 102% 102% FOREIGN EXCHANGE. (Quotations furnished by W. B. Bibbs A Co.) Nominal Selling checks gold value. tuday. London, pound $4.8665 $4.48% Montreal, dollar 1.00 1.00 Paris, franc 193 .0518 Brussels, franc 193 .0477 Berlin, mark 238 .2385 trill’n Rome, lira 193 ,0437 Zurich, franc 193 .04R7 Athens, drachma 193 .0175 Madrid, peseta 193 .1349 Vienna, crown 2026 .000014% Budapest, crown 2026 .00013V* Prague, crown 2026 .0208 Warsaw, zloty.., 193 .1925 Copenhagen, crown 268 .1760 Christiania, crown 268 .1428 Stockholm, crown ..... .268 .2653 BOSTON STOCK MARKET. BOSTON, October 11. —Following is a list of today’s highest, lowest and closing prices for the most active stocks dealt in here: Rich. la>w. Close. Am Tel A Tel 126% 126% 126% Amnskeag 70 Vi 70 70% Arcadian Cons 1% 1% IV* Arizona Com 10V* 10 10% Boston A. Maine 18% 18 18% Utlu A Hecla 14% 14% 14% Connor J T 22% 22% 22% Copper Range 22% 22% 22% New Cornelia 20% 29% 20% New Dominion A 1% 1A IA New Eng TAT 105 104% 105 N T N H A H 22% 21% 22 Pacific Mills i 77 76 76% Swift A On -.195 1 04% 104% g - if t . t US iib THE EVENING STAR. WASHINGTON, X>. C. SATURDAY, OCTOBER n. 1924. going on In other Independents was abruptly checked. No attempt was made to resume the upward movement In radio shares. On the other hand, weak ness elsewhere encouraged profit taking In such favorites as Dublller and Ware but recessions did not ex tend beyond a point. Southern Coal and Iron remained the outstanding feature of the so called penny shares, established a new high for the year when it sold at 18, on unconfirmed reports of special developments at the com pany’s property. American Light and Traction, American Gas and Electric new and East Penn Electric were heavy again, and were more than a point lower. 1 Dunlilll Int Inc ... 24% 24% '-4% 1 Durant Motor .... IS 1 ! 13% 13% 4 lujr Co Awl .... 24--1!,I 1 !, 2:1% ti Fast Penn Klee t o 80% 3H% 00% 1 Klee Bond A Sh pfd K*l% KM % KM It 2 Federated Metals.. M 2 M 2 M 2 1 Kurd Motor I’o Can 44.1 445 4 4r, t (illlelte S It 320 317 320 8 fftllette 8 It nw wl 08% 00 OH% 7 Goodyear Tire .... 14'* 14 14% 10 Hazeltine Corp ... 27% 211% 27 4 Hudson Co pfd ... 404* 40% 46% 18 Jnl-Orean Kid Corp 11% 11% 11% 27 Jones Radio 9% 0% 9% 27 \al Coal N t’.. 3>% 3n», 38% fl l.lhhy MrN A f. nw 5 0 0 3 Middle West fill.. 7t 70 70% I Midvale Co 24 21 24 1 Nat Pow A l.t 10H K'B% 1 Nat Tea Co 232 2M2 232 1 Nickel Plate nw wi 71 7t 71 2 Nickel PI n pfd wl 81% 81% 81% 19 Omnlb Co vtrcf wi 17% IS** 17% 3 Peerless Mot ..... 13% 13 13 3 Prophylactic Hr wl 45% 43 43% 5 Radio Corp 3% 7**4 3% 290 Bo C A I new IS .10 -K* 3 Stand Publish Co A 20% 20 20 2 Swift Inti 2* 2S 28 0 Tho Radio Core 7% 7'j <■% 1 Thread Co pfd 3jJ 3j» 3J, 1 Union Carbide '>9% *'!♦% 39% 1 Cniled G A K new 23% 7'i'j 23% 3 Cni Retail Candy A 3% 3% ■*'% 1 Unt Shoe Mach Cor. M» Mb Mil 1 Ward Rak Cor A .. 12:1 123 123 It Ward Tt ik t:«>r it . . 31% M4\ 34% 1 Ward Bak (or pf.. 94% f*4% 94% 10 Ware Radio Corp .. 29 28% 28% 3 Western Power .... MO% MM % 33% 40 Art* Globe Cop ft.", .'tl .05 12 Canario Copper.... 3% •'.% 3% in Cumstock Tunnel.. .28 .28 .28 10 Con Nev Utah 03 .05 .00 10 TtiatnontlAeld B 8.. .14 It .14 00 Kureka Croaeua 07 .03 .07 00 Hardshell Min 01 .01 .01 30 Harmill Dlv 12 .11 .12 MO Hawthorne Mrs Inc .M 4 .Ml .M 4 10 Independence Lead, .to .10 .10 144.11 b Cons 07 .bO .00 4b Kay Copper Corp... I ,*» I>V lit 20 la>rraln Sil Syn l,td .42 .40 .42 1 New Jersey /me... 1 63% KU% K*b% 10 v Y Porcupine 1' .1' -1' 1 Niplssing • • * Oo ' ’vada 1< .5 • -4 1 1 Ohio Cop I I :t I'tratnac Poe M< l.t .34 j.t .o« MS Plymouth lead Mns .79 -70 .79 1 Premier Gold Min.. 2 ( % 2 2. 10 Red Hill uiorenec.. .01 ."I 9 1 Hi Red Warrior 43 .43 .43 40 Henry Itiv Annex. .2* .27 .28 S Rck Ml Sm A Ref i,« I.a »•' t ii. k mi s A R pf 1 i'» 1 A I n 60 Silrerdale Ob .05 .05 ICo -Vll l.old AP . . b% b% •'•% 1 Tonopah Kxteus .. M% 3% 3% 20 Trinity Copiier ... .47 .47 .47 22 Wenden Copper ... I*4 lit 1 % MO West Knd Kxt ... .17 .17 .17 10 West Utah 16 .16 .18 STARTS RIOT AT MOVIE. Man Slashes Screen in Rage and Panic Follows. MEMPHIS. Term., October II —B. E. Fox, 29. of Calhoun City, Miss., is tinder arrest today after leaping upon a theater stage and slashing a mo tion picture screen with a knife last night. A panic was threatened as the audience rushed for the exits. The motion picture depicted a negro maid substituting for her young mis tress. who sought to escape from an unwelcome marriage. In the picture the maid’s identity was discovered at the time the marriage was to be per formed. At the police station Kox said it was that to which he objected, but attaches of the theater declared the negro maid’s part was In the nature of a burlesque. Fox was held on a charge of incit ing to riot. DAIRY PRODUCTS. BALTIMORE. Md . October 11 (Spe cial).—Live poultry —Spring chickens, pound, 33a27 Leghorts, 21a24; old hens. 17a27: 1/ekhorns. 17al8; old roosters, 13 a!6. Ducks, 17a23. Pigeons, pair, 20a 25. Guinea fowl, each. 40a80. Eggs—Receipts, 1.990 cases; native and nearby firsts, free oases, dozen, of fered. 4 8 ; bid, 4 6 ; quotations, 46. Butter—Creamery, good to fancy, pound, 37a40; prints, 40a42; nearby creamery, 35a36: ladles, 30a32; store packed, 23 ; process butter, 34. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. INVESTORS* “RIGHTS.” Eighty-first Article. Something which many inexperi enced investors have difficulty in understanding is the meaning or ’’rights’’ which are from time to time extended to stockholders, generally, but not always to the owners of the common shares. Ordinarily these rights allow stockholders the priv ilege of subscribing to additional Is sues of securities, sometimes bonds, but more often stocks, at a price be low the market. Not all corporations are in a posi tion to do financing by additional issues of common stock. It is gen erally considered a sign of prosperity when new capital can he secured by selling stock instead of increasing funded indebtedness. It has come to be the custom also that when a cor poration finds this course open to it it extends the opportunitf ot taking the new shares first to its own stockholders. This is on the theory that Inasmuch as stockholders take all the risks of ownership they are entitled to whatever additional benefits the progress of the business may make possible. Conditions under which these rights are extended vary In different cases. As a rule stockholders are entitled to buy new shares in a definite pro portion to their existing holdings. Each share of stock is entitled to one right. It may take five, ten or more rights to buy one share of new stock. And here is the point which is so often misunderstood. If a stock holder does not wish to increase his holdings, he may sell his rights in the market. There is no need of his throwing away these valuable privileges. They may be turned intp cash. Even if the number of shares he holds is not sufficient to entitle him to enough rights to buy one share of the new stock he may still dispose of his rights to some one else who will combine them with enough others to make up the number required. Tho same procedure can be followed if the stockholder wishes to make a subscription on his own account and lacks enough rights w his own name. Ho may buy the ad ditional number necessary at the mar ket price. When the American Telephone and Telegraph Co. recently made an offer of this kind to its shareholders it sent out a circular explaining in the simplest of language just what the rights to subscribe to the new stock were and how they might be exer cised. Notwithstanding all this care on the part of the company there were many shareholders who through neglect or ignorance neither used their rights themselves or sold them to. others. (Copyright, 1924, by Consolidated Press.) Query the Promoter. Determine how much of hla own money the promoter is putting into his scheme before you decide to riak youra. Don’t take his word for It— , .jnake Jkim prove U, _ , Approach of Election Makes Wall Street Traders Cautious Usual Lull Brings About Price Declines. Wheat 9 Rye and Hogs Higher During Week—The Outlook. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, October 11.—The past week on the Stock Exchange has been the third week in succession where prices on the whole have, drag ged downward in face of business news of a favorable character. This, from the viewpoint of the experi enced Wall Street observer. Is not a pood sign. It suggests causes at work under the surface which have im pelled not investment holders, hut speculative holders of stocks, to sell where they got the chance. Election Causes More Caution. The selling has not reached any such volume as to Indicate serious concern. But politics have unques tionably played more of a part than at any stage of the presidential cam paign so far. More thought has been taken of the possibility of the. elec tion being thrown into Congress and the financial community lias been sufficiently Impressed with this pos sibility to become more cautious. As yet there has been no approach to an old-time "political scare." The in clination among traders has been to clear up commitments and to go very slow about making any more. European Bond Market. Terms of the $200,000,000 German loan have been well understood unofficially in financial circles for the last week. They have been given enough credence for the rest of the European bond market to-adjust itself accordingly. Persistent selling of I‘rench and Austrian issues has been due to the fact that, without any better security, these bonds have been quoted too high as compared with the accredited offering price of the now German bonds. The main consideratifins for the prospective investor in this German loan are political. If ho is confident that the present regime is going to last, that there Is to be no upheaval in the gov ernment, then this security is as good as any offered on a like basis in the markets. As a financial proposition alone, the safety of the bonds is un doubted. Kora Germany at work under a stable political system, a s2oo.ooo,i>no obligation is a drop in the bucket. The risk lies wholly on political grounds. Germany Must Get Private Credit*. The $200,000,000 will provide the funds for a nwe central bank. It BABSON PREDICTS BETTER TIMES FOR IMMENSE OIL INDUSTRY Declares Price-Cutting Cannot Last Indefinitely . I rges(treat Care in Securities. BY ROGER W. R ARSON. Special Dispatch In The Star. WKU.KSLKV HILLS, Mass, Oeto ber 11.—The prices of erode oil and gasoline are still being cue The lat ter is selling at a tank-wagon priee of 15 cents in Ohio and Is retailing at 1 i cents. In Tulsa it is selling at 7 cents a gallon In tank-car lots, which is the lowest price reached thus far this year. The price range for 1023 at Tulsa was cents a gallon to a high of 14 cents. It is apparent j that gasoline and crude oil are sell ing at very low> prices at this time. Reductions have been the rule with all companies from the Atlantic to the Pacific. Considering the large amounts of oil, both crude and re fined. used every day, it is quite re markable that the market has broken so sharply. Since every one Is inter ested either as a user of petroleum products or an investor in oil securi ties, an analysis of the industry is of more than passing interest. Rockefeller* View* on OH. hen John D. Rockefeller, sr., re ceived a message that the United States Supreme Court had dissolved ! the Standard Oil Company it is re ported that he made this statement; '■Nearly half a century in the oil busi ness has taught me that it Is profit able only as it is controlled. Oil com panies may sell oil by cutting prices, but such warfare does not yield profit. I am through with the oil business." From that day to this, it Is said, he has never stepped his foot inside of 26 Broadway. Although the price of oil securities went up considerably after this Su preme Court decision and although the various split-up company stocks sold in total for more than the old company stock had ever sold, yet the senior Mr. Rockefeller never changed his opinion. He was through with the oil business and devoted himself to golf. Things did not seem to work out as he had predicted for some years, but his forecast is now- coming true, because the competition be tween oil companies has become so keen as to be practically ruinous. In some localities the rush to put up filling stations has become almost humorous. One real estate man at least has suggested the following rhyme for every vacant corner lot: "Cheer up. little corner, don’t you cry. You'll be a filling station by and by.” Competition Very Keen. This competition has become so keen that it is reported now that there is real enmity between the Standard Oil companies themselves. It is said that the president of one is hardly on speaking terms with the president of another, and that com petition is even keener between some of the Standard OH companies than between the Standard of New Jersey and some of tho Independent compa nies. W, L. Mellon, president of the Gulf, is often seen at the head offices of the Standard Oil In New York City, while officials of several of the other Standard companies have not been seen there for months. Some believe that this apparent es trangement is purposely arranged in order to lead the Government to think that there is no collusion between the individual Standard Oil companies, but such evidence as I have does not justify such a conclusion. The fact is clearly indicated that there is not only keen competition between the Standard companies and the inde pendent, but that the Standard are divided against themselves. This is the real reason for the present cha otic condition in the oil business. Overproduction Always Exists. It is said that the industry is over produced, but thero has always been an overproduction of oil. The situa tion existed when Mr. Rockefeller first started his small company in Cleveland years ago. If there had not been an overproduction of oil there never would have been any Standard Oil Company. Moreover, the con sumption of oil is greater than ever and will increase continually each year for many years to come. This applies not only to gasoline, but to fuel oil as well. The convenience and cleanliness of oil heating for business buildings and the residences is rap idly being recognized and the de mand in this field Is only begun. The use of oil for the heating of homes has a truly tremendous future and may even become the most profitable end of the business. Im provements In oil burning equipment will allow the re-establishment of the paper currency upon a gold basis. It is expected to form the nucleus for the guarantee of uninterrupted repa rations payments. But it is absurd to suppose that a loan of such small proportions will do any more than this. Ultimate dependence must be placed upon t lie grant of private credits from the United Slates, from England and from other countries with which Germany is to do busi ness. The idea which has prevailed at times in the New York stock mar ket of the last week that the German loan would mean an immediate big increase in purchases of American copper and cotton is not at all well based. * Agricultural Products (Jo Higher. The week has been chiefly dis tinguished by new high prices for wheat, for rye and for hogs. This has still further emphasized the im provement in tho agricultural out look. Wheat is selling some 40 cents a bushel higher thin it was a year ago. Corn is up a similar amount from the low of the present year. The live stock industry, which two years ago seemed almost incurably afflicted with overproduction, has been completely transformed, it has become a profitable business where for a long stretch it was unfrofitable. The full force of the increased fanners’ buying power promised by this great rise in prices will not be felt until the late Winter and Spring, when the crops have, been sold and the agriculturists know just where they stand. In the meantime, how ever. the preliminary effects are seen in the extraordinary movement of freight over the railroads. Tho fig ures show that tho traffic in mer chandise and in miscellaneous goods Is surpassing all previous totals. Sterling Up On Political Crisis. Two Interesting things occurred in tho situation abroad. Ono was the riso in sterling exchange in response to the defeat of the ministry. Tho other was. the decline in French francs to the lowest in two months following tho increase in tho paper currency issue to tho highest ever re corded. All efforts at deflation in francs have so far failed, despite the raising of discount rates on security loans, and despite the resumption of German reparations payments. about to bo put on the market should greatly accelerate this branch of the j business. Oil should rightly replace j anthracite in New England, New | York State. Pennsylvania and in the j territory where anthracite at high cost is now being used for heating. Hectares Industry Sound. "T do not say that the oil Industry has turned the corner nor that prices will not be cut still further, but it should be recognized that the i Industry is a staple industry and is i fundamentally sound. The present | warfare cannot continue indefinitely I as I’ve already shown. The difficulty is not due to over- \ production nor lack of demand, but rather to the competition between the companies. If the truth were known 4he oil business misses John D. Rockefeller, senior, and is now looking for some other general to take, his place. The right man may be one of the present Standard Oil men or it may be Mellon of the Gulf or some other strong independent operator. Those who wait until such a man arrives will find that it is too late to pur chase oil or oil securities at bar gain prices. To make a really satis factory profit, these must be pur chased when things look dark as they do at the present time. When the industry straightens out its diffi culties and begins to get back on a sound workable basis prices will have gone up again. My analysis of the situation leads me to believe that those who want oil or oil securities should begin to accumulate now and not try to wait and catch the lowest possible price. Care Needed in Selection. It is important, of course, that the right securities be selected. For in vestment purposes those companies ; which make their money in refining 1 and distributing oil are more satis factory than those who depend upon drilling for an income. Os tho latter class the pure promotions are to be avoided. General business as refleeted on the Babsonchart is running at 7 per cent below normal. This is the po sition that affords opportunities to buy at bargain prices. Do not expect profits, however, without rendering some real service. NORTH CAROLINA MAN ESCAPES EXTRADITION By the Associated Press. SAN DIEGO, Calif., October 11. — Dr. J. \V. Peacock, for whom extra dition was sought by North Carolina authorities as the result of the shoot ing of the chief of police of Thomas ville, N. C., was freed on a writ of habeas corpus in superior court yes terday. He returned at once to his ranch near here. Judge Marsh held that the Insane asylum from which Mr. Peacock es caped in North Carolina Is not a part of the State prison, that, therefore, he did not escape from “a prison or the superintendent of a prison," as the North Carolina code has it, and that he was "not guilty of conspiring to escape.” Dr. Peacock’s five children were in the court when the decision was an nounced. and the eldest, a girl of about 17 years, at once rushed to Judge Marsh and. with tears in her eyes, thanked him profusely. BIG EQUIPMENT OEDEES. NEW YORK, October 11. —The rail roads ordered more than $60,000,000 worth of equipment in September, calling for 101 locomotives, 22,500 freight cars and 250 passenger cars. Freight car orders alone for the nine months of' the year aggregated 100,046. compared with 94,471 for the 12 months of 1923. WAENER SUGAR REPORT. NEW YORK.' October 11.—Opera tions of tlio Warner .Sugar Corpora tion will show a loss for the 1924 season, it was officially stated to dav. The company, however. hao ar ranged with its banks for additional credits sufficient to provide for re quirements. Warner sugar bonds issues broke, shao-ply yesterday. LIQUOR SENTENCES mm YEARS Fines in Three Years Total $18,000,000, Commission er Haynes Reports. Violators of the prohibition law have, been sentenced by federal courts to serve a total of nearly 7.non years. Pro hibition Commissioner Haynes today an nounced in a resume of "prohibition en forcement by the Federal Government during the present administration.” Fines of nearly $18,000,000 have been assessed for the period covered by the report, front June 11. 1021, to Sep tember 31. 1924, resulting in collection already of $ 12,•200.000, whiclt lias been turned into the United Slates Treas ury. Declaring- lh,at in his opinion "pro hibition enforcement is becoming more effective every day.” Mr. Haynes said there were several contributing factors, including "better co-opera tion between Federal and local authorities, imposition of jail sen tences instead of fines for violators, more genera 1 use of ‘pajlloek’ on liquor nuisances, and steps taken to ward stopping leaks of liquor from bonded warehouses to the illicit market.” Praise was also bestowed on the United States Coast Guard in its campaign against smuggling. Jail Sentences Kflfee,i\r. But "jail sentences." the Commis sioner said, “are proving (he real deterrent to lawbreaking. The vio lator may pay a tine and eontinue business in a different locality un der a different name, until again ap prehended. Hut when he is pul in jail Ills aetivities arc at an end, his Income stops and he has an oppor tunity to reflect upon the importance of upholding the Constitution.” “iloro than 400,000 stills and parts of stills and about 39.000,000 gallons of distilled spirits, malt liquors, wine, etc.,” the statement said, “have been seized during the last three, years. A total of 1 1,077 automobiles and 411 boats and launches have been cap tured. "During this period more than 13S. 200 criminal cases have been taken to Federal courts. Os this number over 120,000 have been terminated, re sulting in more than 91,300 convic tions. "Thousands of other cases have been turned into local courts, of which there is no complete record. About $ 1.000.0n0 w;ts paid by brewers during the year in compromise of civil liabilities. Tax penalty figures are not yet compiled, but will swell the total collection considerably, “Padlock” Oullr Successful. “The injunction, or 'padlock,' is an other effective weapon. Injunction cases have been instituted In both Federal and State courts. Since July, 1922. over 4.onn such cases have been instituted. In more than 2.200 cases injunctions were granted, over 2.650 of which have been made rierman.nl, particular at tention has been devoted to securing in junctions in brewery cases. About 150 such cases have been instituted against breweries. Os those granted 72 have been made permanent, and 29 breweries have been actually closed. "Many important cases have been prosecuted und. r the provisions of the t'riminaj <’ode for conspiracy to violate Hie law. The heaviest penalty ever im posed in any one case was for con spiracy and involved a line of $21,000 and a sentence of 20 years in‘jail. "A well organized permit syste.m has effectually curbed flic leak from bonded warehouses. There has been a reduction in withdrawals of about 7.000. gallons from that In 1921, | the first fiscal dry year. Although more industrial alcohol is being used j legitimately now than ever. rtue> to j expansion in the volume of legitimate alcohol-using industries, diversions to the bootleg trade are decreasing. It is estimated that less than 30 per cent of the entire production is in volved in illegal transactions, a sub stantial quantity of which is later seized and destroyed. ‘‘An extreme reduction in the use of medicinal wines as a beverage has resulted from medicating the wine, rendering medicinal preparations containing wine unfit for beverage use. Withdrawals of wine during the last year were only a little over 4.000. gallons, more than half of which was used for sacramental pur poses. "Only about 19 per cent of the ap plications for importation of wire during the last year were approved, all of which was for medicinal or manufacturing purposes. The prac tice of smuggling exported whisky back into the country has been prac tically eliminated by- curtailing ex portation. Os the applications for ex portation of whisky in the amount of over 4,400.000 gallons during the last year, only about 4 per cent were approved, and none of the whisky shipped to Canada." PARIS CUTS GOVERNMENT. 20.000 Federal Workers to Be Dropped—Others to Get Pay Raise. PARIS. October 11.—A reduction of 20.000 in the government’s list of civil employes was decided at a cabi net meeting today. At the same time it was agreed to raise the pay of all the functionaries who were promised raises by Premier Herriot in his election campaign. The government has offered to es tablish the basic pay of 5,600 francs yearly for its employes, but more than a million of the workers have reminded the premier that he is on record as pledging a 6.000-franc minimum and they have threatened to strike if necessary to enforce their demands. If you need work, read the want columns of The Star. It’s Too Bad That Poor Jim— Had to pay the penalty of his own folly by taking foolish advice concerning his specu lations. RESULT: Depreciated values and loss of income, to gether with the mental anguish of disappoint ment. Let us show you how to avoid this mistake by making safe investments which will yield a liberal income. First Mortgage Notes at 6 Denominations of SI 00 Up Mortgage Investment Dept. 713 and 715 14th Street N.W. ■ris BSU I! r-nrtnrfrrxT, Second Trust Notes Bought Our clients are ready to pay cash for SECOND TRUSTS in | any amount. The rates will , please you if the security is sat isfactory. MORTGAGE DEPARTMENT ' , t & LUCHg) 713 and 715 14th Street UW, Main 8345. « . '! ' i'i f'i gaggaaMl Money Available for First Deed of Trust Loans 6i% Interest Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. Prompt Actloi First Mortgage Loans I-owe it Rate* of Interest and Commlacloo Thomas J. 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