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Evening star. [volume] (Washington, D.C.) 1854-1972, May 23, 1925, Image 27

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PORK AND SPRING
ICHICKENSHIGHER
Butter Comes Down During
«, Week—Egg Prices Hold
I Very Firm.
Cheaper butter and higher pork
products featured the week's market.
Spring chickens also were higher than
they were the preceding week, lower
J>rices during that period resulting
from glutting the market.
The egg market continues firm, with
prices ranging from 30 to 32 cents, ac
cording to quality. Cheaper prices are
toot anticipated during the Summer
season, when candling losses are
heavy.
Only moderate or light supplies of
Vegetables from distant points are re
ported, and strawberries are not as
plentiful as they were a week ago.
North Carolina berries sold today at
. from $3 to $5.50 a crate, while Vir
ginia berries in fair condition brought
II and 13 cents a box.
Today’s Wholesale Prices.
Butter—Fancy, tub, 51; prints, 52;
fctore-packed. 22.
Eggs—Fancy, selected, candled, 32;
gverage receipts, 3()a30%.
Poultry—Alive, broiled, 45a48; "White
Leghorns, 35; heavy fowls, 28a29; me
dium fowls, 26a27; keats, 40a75; geese,
16al8; ducks, 25; turkeys, 22a28.
Dressed fowls, 30; turkeys, 25a32;
ducks, 20a25.
Live stock —Calves, cholcq, 11; me
dium, lOall; lean, Ba 9. Lambs, Spring,
16al8. Live hogs, 13a13%.
Meats—Beef, 17al8; veal, 18; Spring
lambs, 30: hogs, 21%a22; loins, 32u34;
, hams, 27a30; shoulders, 19a20.
Fruit and Vegetable Review.
Today’s market report on fruits and
Vegetables (compiled by the Market
News Service, Bureau of Agricultural
Economics) said:
Cabbage—Supplies liberal: demand
light, market steady; Virginia, Nor
folk • section, barrel crates pointed
type, 2.00a2.25.
Cucumbers—Supplies light; demand
moderate, market steady; Florida, " 8 -
bushel hampers, No. 1, best, 3.50a4.00;
poor quality, 1.50a2.50; South Caro
lina, bushel hampers. No. 1, 4.00a4.50;
Virginia, Norfolk section, hotbed
stock, bushel hampers, fancy, 6.00;
choice, 5.00.
Onions—Supplies moderate; demand
light, market steady; new stock, Cal
ifornia and Texas, standard crates
Yellow Bermudas, commercial pack,
mixed, Nos. 1 and 2, 3.50a3.75.
Potatoes—Supplies moderate; de
mand light, market steady; old stock.
New York, 150-lb. sacks, round
.whites, U. S. No. 1, mostly around
4.25; new stock, Florida, double-head
barrels, Spaulding Rose, U. S. No. 1,
7.00; South Carolina, cloth-top stave
barrels, Irish Cobblers, U. S. No. 1,
6.00a6.25.
Strawberries —Supplies moderate;
homegrown receipts moderate, de
mand good, market steady; North
Carolina, 32-qt. crates, various varie
ties, wide range quality and condi
tion, best, 4.00a5.50; mostly, 4.00a4.5u;
poor quality, soft, wasty, 2.00a3.00:
Virginia, Norfolk section. 32 and 60
qt. crates, various varieties, best,
16al8; poor quality, small, wasty,
12%a13.
Tomatoes—Supplies moderate; de
mand moderate, market steady; Flor
ida, sixes ripes and turning wrapped
originally fancy count. 4.00a4.50;
choice count, 3.00a3.25; ordinary qual
ity and condition, fancy and choice
count, 2.00a3.00.
String beans—Supplies moderate, de
mand light, market steady; South
Carolina, bushel hampers, green best,
3.50a3.75; hampers, 3.00a3.25.
Peppers—Supplies light; demand
light, market dull; Florida, crates,
No. 1, best, 2.50, poor quality, 1.50.
Plenty of Green Peas.
Peas —Supplies liberal; demand mod
erate, market steady; Virginia, Nor
, folk section, 5-peck hampers large
mostly around, 2.50; small, 2.00a2.25.
Cantaloupes—Supplies light; demand
light, market steady; California, stand
ard, 455; salmon tints, 9.00a9.50, few
sales, 10.00, tiats, 12 and 15s, 3.50;
ponys. 545, mostly around. 7.00.
Corn —Supplies moderate; demand
good, market steady; Texas, bushel
baskets, approximately 4 dozen, 2.50a
2.75.
Blackberries —Supplies very light;
demand moderate, market steady;
South Carolina, 32-quart crates, poor
condition, soft, wasty, 3.00a5.00;
North Carolina, 32-quart crates, 25a
30' per quart.
Yams —Supplies liberal; demand
slow, market dull; North Carolina,
cloth top slat barrels, 4.00a5.00.
Lettuce —Supplies moderate: demand
light, market steady; California, cen
tral district, crates, Iceberg style, 4-5
dozen, 3.50a4.00; ordinary condition,
2.50a3.00; Virginia, Norfolk section, 5-
peck hampers, Big Boston type,
mostly around 1.50.
BURNS BROS.’ SALES.
NEW YORK. May 23 OP).—Set
sales of Burns Bros, for the year
ended March 31 fell to $27,287,473,
compared with $30,295,586 in the pre
vious 12 months. Net profit was
$1,271,902 after depreciation and taxes,
against $1,305,311 the year before.
April was a record month, with net
profits of $223,962.
EVERYMAN’S
INVESTMENTS
BY GEORGE T. HUGHES.
Politics and Foreign Bonds.
If politics were the important factor
In fixing Investment values which
many people commonly' assume to be
the case, it would certainly be evident
In foreign government bonds. As a
matter of fact, changes in govern
ments do affect market values. One
has only to go back to the election of
the Labor government in Great Brit
ain to note the adverse influence it
bad upon the market at that time for
prltish government securities. More
Recently the election in Germany was
followed by reaction in the 7 per cent
. dollar bonds to the lowest point they
bad sold up to that time since they
were first issued. The history of
South American governments’ obli
gations furnishes many’ other in
stances of this kind. And yet. noth-
Vrithstanding these market fluctua
tions, the rule is that they are only
temporary, and that the underlying
influence that fixes Investment value
iver the longer period is practically
Always economic and financial and not
political.
There may’ be an exception, as when
llussia went through a complete revo
lution and the new government re
pudiated the obligations of the old.
The vital concern of the investor, as
distinguished from the speculator, is
pot the politics of a country or politi
cal changes, but the proportion of its
total Indebtedness to its total resorces,
fche wealth of its people, the soundness
of their monetary and banking sys
tems and the prevailing economic con
ditions.
Character is another important mat
ter. Reputation for meeting obliga
tions is more significant than any tem
porary alterations in the composition
of cabinets or even changes in the
bead of the government.
To a great degree investors in for
eign government bonds may properly
disregard the politics of the country
In question, provided the bonds qualify
|n these other particulars.
(CopjTicht, 1926.)
FINANCIAL.
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star Office
BY WILLIAM F. HKFFKRNAN.
NEW YORK, May 23.—The impor
tant price changes in the closing ses
sion of the week continued to take
place on the side of advance, but while
specialties selected for leadership were
pushed upward, week end profit taking
was having its effect over a good part
of the list.
The rise to new high prices in Cur
tiss Aero, preferred and common, ac
comixinied reports that this company,
along with Wright Aeronautical and
one or two other concerns, will enter
NEW YORK, May 23. —Following is
an official list of bonds and stocks
traded in on the New York Curb
Market today:
Sales in BONDS,
thousands. High. Low. Close.
26 Am Gas & El Os 99% 98% 99
5Am lee 7s 11l 111 111
21 Am Pow Sc Lt Hs. 98% 98H »8%
11 Am P&I. Os new 98% 98% 98%
10 Am Sum Tub 7%s 9.9 % 03 9.1
1 Am Roll Mill Os. 102% 102% 102%
3 And N Corp Os.. 115% 114% 115%
2 Am Thread Co Os 101% 101% 101%
5 Asso Sim H 0% s 81 81 81
40 Asso G & E 6%5. 104% 104 104%
10 Bell Tel Can 5s A 90% OH % 99%
1 Can Nat Ry 75.. 111% 111% 111%
2 Cit Serv 7s lB .... 167 107 107
1 Cit Serv 7s C ... 120 120 120
7 Cit Serv 7s D ... 101% 101% 101%
17 Cit Serv P & I 0s 91% 92% 93%
1 Cons Tex 8s 80 80 80
5 Cuba Co NJOs . . 91% 01% 01%
3 Cudahy 5% s 92 % 92 % 92 %
1 Deere Sc Co 7%5. . 104% 104% 104%
8 Detroit City G Os 105 105 105
1 Dunlop T Sc R 7s 103% 103% 101%
2 Gen Pet Os 101% 101% 101%
1 Grand Trunk 0%5108% 108% 108%
6 Gulf O Cor 5s .. 90 % 99% 99%
2 Gulf O Cor 5%5. . 101% 101% 101%
1 Hood Rubber 75.. 104 104 104
30 Int Pap C 0s A.. 00% »0 00%
14 Mo Pa Ry 0s E wi 101% 101% 101%
3 Morris Sc Co 7%5103 102% 10.1
54 New Drl P S 55.. 01% 03% 01%
7No S P M 0% s C 119% 111% 111%
2 Okla G & E os.. 04% 04% 94%
3 Penn Pow Sc Lt 5s 98 98 98
2 Pur.- Oil Co 0% s 102 102 102
7 Shawsheen 7s ... 101 101 101
29 Stand G & E 0%5140% 140% 140%
15 Sun Oil 5% s. .. 08 97% 97%
10 Swift & Co 55.. 00% 98 % 90%
14 Transeo O 7s ... 102 101% 101%
24 Thvssen I & S 7s 91% 93% 91%
10 Tyrol H&E P 7%s 00% 90% 90%
ll’n Oil Prod Bs.. TTT% 11% 11%
IDS Rub o%s ’27 lOTu, 101 % 101 %
23 U S Rub 0% s ’3O 100% 100% 100%
2D S Rub o%s ’3l 100 99% 100
ft D S Rub 0% s ’l3 99 % 98% 99%
10 IT S Rub 0% s ’l4 98% 98% 98%
IBS Rub 0% s ’35 OS 08 08
2D S Rub 6%s 'lB 08 07% 98
IDS Rub 8% s ’l7 97% 97% 97%
9i: S Rub B%s ’lB 97% 97% 97%
8D S Rub 0% s ’lit 97% 97% 97%
10 U S Rub B%s '4O 97% 97 % 9.%
FOREIGN BONDS.
5 Alpine Mont S 7s 91% 01% 91%
4 City Bogota 8s .. 99% 99% 99%
1 City Graz 8s ... . 98% 08% 98%
2 Est R R Franee 7s 84 % 84 % 84 •«
4 Freneh Nat 7s ... 84 81% 81%
2 Ind MU’ Bk Fin 7s 94 94 04
4 Krupp Fried L 7s 93% 93% IJ3 %
IRe of Peru Is '32 99 % 99% 99 %
12 Russ Govt o%s . . 12 12 12
25 Siem Sc Hal 7s '35 90 90 96
1 Solv & C 0s 14 B 101 % 101% 101%
28 Toho El Po C 75.. 91% 91 91
Sales STANDARD OIL ISSUES,
in units. __ ~
1200 Anglo Am Oil .. . 25 24% 24%
100 Atl Lubos 1% 3 % 3%
400 Atl Lobos pfd .. 12% 12 12%
90 Borne Scrymser. . 212% 212 21-
10 Buckeye f L ... 63 03 03
lOCheseb Mfg pf. . 114 114 114.,
100 Crescent PL... 12% 12% 12%
10 Cumberland P L.. 140 140 140
4100 Hum Oil & R .. 03% 01 03%
20 111 P L 145 145 145
3800 Imp O Can new.. 34% 11% 33%
20 Inn PL "6% 75% ’15%
0400 Inter Pet C Ltd 27% 2.% 27%
22(1 Magnolia Pet .... 153% 152 162
100 Nat Transit 23% 23% 23%
100 Ohio Oil 08% 08% 08%
2300 Prair O& G new 01% 01% 01%
150 Prairie P L ....121 120% 120%
20 Solar Resin .. . 232 212 212
120 South Penn Oil .. 175 171 171
30 Southern PL.. 84% 81% 83%
9500 S O Indiana .... 08% 87% 08%
1500 S O Kansas .... 18% 18% 18%
100 S O Kentucky ..110% 119% 119%
10 S O Nebraska . . 251 251 261
1500 SO N Y 44% 44% 44%
OPEN WAR ON GRASSHOPPERS.
FORT WORTH. May 23 (Special).—
A hundred miles of the right of way
of the Cotton Belt Railroad between
Commerce, Dallas and Fort Worth has
been treated to kill grasshoppers
which were obstructing trains.
GERMAN BONDS AND STOCKS.
(Quoted in dollars per million marks.l
Bid. Asked.
Ger Gt (win) 5s 1914-18 1275.00 1125.00
Hamburg 4%s 1919. .. . 225.00 250.00
Ger Gt 4-5 s (forced loan) 15.00 18.00
I Quoted in dollars per thousand marks. I
Ger Gen Flee 4V, s pre-w 21.00 21.00
Ger Gen Elee 4%s 1919. 2.25 3.00
Berlin 4s pre-war 9.50 11.QO
Ham Is. 3%s Sc 4s pre-w 4.00 5.00
Hamburg Amer Line 4%s 20.50 22.00
North German Lloyd 4%s -0.00 ~1.50
North German Lloyd... 7.00 9.00
Prussian Consols 3%5. .. 1.50 1.i5
Krupn 5s 19— 1. ........ 2.50 3.00
Dusseldorf 4s pre-war... 10.00 12.00
Frankfort a-M 4s pre-w. 11.00 11.00
Munich 4s pre-war 14.00 1600
Badlsohe Anilin.. ....... 60.00 o2'oo
AEG (Gen Ge Eleel . . . 24.2.1 20.00
Commerz and Privat Bk. 1 4-25
Diseonto Gellsehaft 40.00 4 ...00
Dresdner Bank 19.50 jO.oO
Deutsche Bank 39’22 3} -00
Darmstaedtpr Bank -900 31.00
Mereur Bank Vienna.... 1.<5 ~.uu
Washington Stock Exchange
SALES.
Washington Rwy. Sc Elee. pfd.—l at 83%.
Lanston Monotype—l at 83.
Mergenthaler Linotype—o at 1/9%.
AFTER CALL.
Capital Traction ss—ssoo at 98, SSOO at
98.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
Bid. Asked.
Amer. ?e’l. t Trif l. 4%»• J
Am'. Tel: & Tel', eonv. 65.. . - 131
Anacostia & Potomac 55.... 91%
Ana. & Potomac guar. 5s 91%
C. &P. Telephone 55.. .. ... 9»%
c & P. Telpphonr of \ a - ss * ’qru
Capital Traction R. R- 55.... 9/ % 98*
City & Suburban 55..
Georgetown Gas Ist 55...... ••
Potomac Elec. Ist 5s 100
Potomac Elec, cons 5s
Potomac Elcc. 6s 1 * 7’’ 107 iO7 %
Pot. El. Pow If. m. & r * f vT ß * irt *
Wash.. Alex. & Mt.
Wash.. Alex. & Mt. V. ctL... 1
Wash.. Balt. & Annap. 55... 6, .... .
Washington Gas 5s ini’* 103 44
Washington Gas Hs.. 78% 79%
Wash. Rwy. Sc Elec. 4s. *
Wash. Rwy. & Elec. 6s 101% itus
MISCELLANEOUS.
Pot Jt. Stk. E. Bk. 5s 101% 103%
Riggs Realty 5s (long) 98%
R.ggs rtea 4^f% sr s6 « < ii^ o r t ioi :::::
Wash *Mk?. Cold Storage 65.. 93
Wardman Park Hotel 65.... 101
STOCKS.
PUBLIC UTILITY.
American Tel. A Telga ElB%
Capital Traction _ 56% 67
So" oik*™ . - - - -
«. bw|-. % Elec, pfd.::: •*§%
Terminal Taxi com
NATIONAL BANK.
Capital National *25
Columbia . 155% 163
Commercial _ 194 200
District •• • VVn'ics’’ 11... 240
Farmers & Mechanics 2 50
Federal-American
Liberty ” 11111 380
National 'Metropolitan. 1.. . • 300 ... . .
Riggs 185
Natl Bank of’ Washington.. 224
TRUST COMPANY.
American Security & Trust.. 327 330
Continental Trust.. 137
Merchants P an „V Trust 425
National Savings & Trust.. .^
Union Trust. ..■■••••• • 400 415
Wash. Loan & Trus lfc
SAVINGS BANK.
Commerce & Savings........_ =25 .....
East Washington . - 2 , )5 375
Security Sat. & Co 190
Seventh Street ino
FIRE INSURANCE.
225
American 150 11111
Corcoran 26
Firemen’s 14% .....
National Union n
TITLE INSURANCE.
Columbia Titte ;
Real Estate Title 146
MISCELLANEOUS.
Merchant? r TraJis. * Storage. 110 120
ssrassretesr*’" 17 ||
Old Dutch Market com 1% 4
Old Dutch Market pld 3% 6
Lanston Monotype 8-% 81%
Security Storago... 368 .... .
Washington Market 62 65
Yellow Cab Zo .....
•Ex dividend.
THE EVENING STAB, WASHINGTON, D. C., SATURDAY, MAY 23, 1925.
the freight-carrying field between New
York and Chicago. It is understood that
the full $7 to which the preferred is
entitled will soon be distributed to
stockholders in place of the present $5.
Increase in the Associated Clas and
Electric class “A” dividend from 50
cents to 62% cents quarterly resulted
in a rise of a point to a new high for
the year. Western Power, which had
risen 5 points Friday, was well bought
around 52, hut came off later.
Oil shares held firm around best
prices of the week.
10S O Ohio 35 35 35
300 Vacuum Oil .... 90% 90% 80%
Sales INDEPENDENT OIL STOCKS,
in hundreds.
32 Am Maracaibo Co 8 7 % 8
5 Ark Nat Gas.... 0% 6Vi 6V.
1 Carib S.vnd 4 4 4
4 Cit Serv 180 188 188
26 Cit Serv new.... 38% 37% 37%
1 Cit Ser B efs. ... 19 19 19
32 Colombian Syn ..2% 2 2
62 Con tin Oil vtc. . . 26% 26% 26%
6 Creole Svnd .... 12 11 % 12
4 Crown C Pet wi. 12% 12% 12%
14 Euclid Oil C 0... 1 % .97 1%
2 Gilison Oil Cor.. 2% 2% 2%
5 Gull Oil of Pa.. 67% 67% 67%
29 Lago Pet 5 \ 5% 6\
15 Mount Prod ... 22% 22% 22%
0 Mount Gulf .... 1 % 1 % 1 %
2 New Mex Land. . 8% 8% 8%
ION Y Oil 11% 11 11
1 Pennok Oil Corp. 25% 25% 25%
25 Reip Foster Oil. 25 24% 24%
20 Red Bank 0i1... 31% 28 31 %
9 Ri/yal Can OSc R 1 % 1 % 1 %
16 Ryan Cons 6 % 5 % 6%
30 Salt Ck Prod... 27% 27 % 27%
10 Tidewater O Oil. 30 35% 35%
3 tin Central Oil.. 12 11% Me 1
2 Venezuelan Pet.. 4% 4% 4%
29 Wilcox Oil & Gas 5% 5% 5%
1 Woodley Pet .. . 5% 5 % 5%
10 “Y” Oil 05 .05 .05
INDUSTRIALS.
1 Adirondack Pow 78 78 78
1 Adirondack 7s' . . . 100 105% 105%
1 Allied Pk pr pfd 50 50 50
31 Am Gas Sc El. . . 84 % 82 % 84
1 Am I, Sc Trae. . 169 167% 108
OAm Pow & L n 01% 01 01%
lAm Pow & Lpi 89% 89% 89%
5Am Rayon .... 10% 29% 30%
15 Am Superpow A 38% 37% 37%
57 Am Superpow B 39% 38% 38%
2Am Super pr pf . 25 % 25 % 25 %
2 Ariz Pow Sc 1,.. 20 20 20
12 Artloom Corp wi 12% 12% 12%
3(1 Asso Gas Sc Elee 34 % 14 % 14 %
14 Asso D G n wi. 54% 51 51
2 Atl Fruit 94 .94 .94
1 Atlas Portl C. . . 40 % 46% "*O%
1 Borden Co .... 142% 142% 142%
11 Bord & C Rts. *i 1 % ll*
1 Bern'd SGA wi 16% 16% 16%
3 Car Light 5 % 5 5%
1 Carolina P & L. 401 400 401
15 Centnf Pipe Cor 17 10 10
33 Chapin Sacks Co 29% 28 29%
4 Chatterton A Sn 21% 21% 21%
I!i Commonw tth 1* C 100 % 101 101%
2 Common P C pfd 84 % 84 84 %
9 Common P C wts 77 71 il
10 Cons G Balt new 42% 42%
19 Conti liak A.... 121% 119% 120%
48 Conti Dak 8.... 20% 20% 26%
140 Curtiss Aero M. 22 20 -'-
7 Curt Aero M pf 74 70% 14
1 Curt Assets Corp 11% 31% 31%
9De For R C vtc. 21% 21 23
2 Iloehler Die C C 14% 14% 14%
1 Dubiher CScR. . 15% 15% 15%
4 Durant Mot ... 15% 15% 10%
2 Duz Co A 23 % 23 -•} %
2 El Bd & Sh pfd. 101% 101 103
62 El Bd Sc Sh n eor 75 73% .4%
53 El Invest Inc... 53% 52 % 53%
3 Eureka Vacuum. 48
39 Frank HH Mfg C 25% 23% 2.4%
1 Freshman (has. 10% 10% 10%
17 Gabl Snub Mfg A 28% -7% ’-8
1 Gillette SR 68 % 68% 68%
21 Goodyear Tire .. 10 29% -0%
6 Grennan Bak ... 18% 18 18
5 Happiness CSt A 77 7
1 Hazeltine Cor ..17 17 1/
1 Hercules Powder.. 110 108 108
6 Horn Sc Hardart.. 54 63 54
2 Inti Conor Inti C 11% 11
6 Intern Util B. .. . 8 % 8 % 8 %
3 Jones Radio .... 2 1% 2
6 Kelvinator C. .. . 24% 24% 24%
8 Lehigh Po sec vtc 127 125 125
2 Lehigh Val CN C 38 Vi 38 % 38 %
7 Lib R Ch Strs .. 8% 8% 8%
4 Mid West Util .. 95 94% 94%
6 Moore Dr For A 60 % 60% 06 %
1 Motion Pic Cap C 17% 17% 1~%
2 Music Master C.. 9% 9% 9%
5 Nat Pow Sc Lt. . 290% 288 290
1 N Y Tel Co pfd. 112 112 112
26 North O Pow C. . 10 9% 9%
1 Nor Sta P C pfd 98 98 98
2 Omni Cv t e .. 14% 14% 14%
1 Penn Wa Pow Co 140 140 140
8 Pow Corp N Y. . 52 51 % 51 %
2 Pratt A- Lam C. . 44 43% 44
2 Purity Rak B. . . 38% 38 18
1 Rem Noisl C pfllO 110 110
llßeo Mot 19% 18% 19%
lOSil Gel P n vtc.. 21 19% 21
2 Serv El Corp A 10% 10 10%
20 So C Sc 1 new. .05 .05 .05
5 Southeast PSc L 92 % 90 92
1 Sou Cal Sd 108% 108% 108%
6 Swift Inti 26 % 25% 20%
13 Tenn Ele. Power 68% 07% 68%
1 Tenn EP 2d pf. 82% 82 82%
4 Union Carbid-.. 70 69% 69%
5 United O & E n 41 % 41 41 >4
til’n Lt A- Pow A 66% 65% 66
3 United Pft Shar 77 7
10 Util P Sc L C A 29 28% 29
2 Universal Pic Co 25% 25% 25%
2 Vi/- Talk Mach. 87 80% 87
4 Warp Radio ... 13 13% 13%
10 Warner Bros Pic 14 14 Vi 14%
50 Warner Bros P A 17 17^
60 West Pow .53% 40% *so^
41) R M S n vtc. 18 33% 31%
2 Wilson A- C n wi 14 14 14
1 Ye! Taxi C N Y 12% 12% 12%
MINING.
9 Canario Copper. 5% 5% 5%
II Chino Ext Mines 1A 1% 1A
5 Cons Cop Mines. 3 2% 3
40 Forty Nine M . . .30 .30 .30
20 Hawthorne M 1.. .19 .18 .19
3 Hows S new vtc 17% 17% 17%
68 Kay Cop Cor ... 2 A 2 % 2 A
150 National Tin 10 08 .09
2 Nevada Cons .... 186% 184% 196%
70 Spearhead Gold. . .10 .09 .10
3 Unity Gold 80 .60 .80
FERTILIZER BUSINESS
NOW BACK TO NORMAL
Season Has Been Profitable to
Dealers, Chemical Company
Head States.
Special Dispatch to The Star.
BALTIMORE, May 23.—The Spring
fertilizer season, now coming to a
close, has been a profitable one, ac
cording to C. Wilber Miller, president
of the Davison Chemical Co. In fact.
1925 bears promise of being the first
real normal year since 1920 in the
chemical and fertilizer industry, Mr.
Miller said.
The Davison plant is sold up for the
rest of the year at nearly 100 per cent
of capacity, with volume of sales so
far in the current year practically
double the corresponding period of
1924.
Price of acid phosphate is now on a
much more profitable basis than pre
vailed last Fall, averaging $9.50 a ton,
compared with $7.50 at that time.
Q,nery the Promoter.
Determine how much of his own
money the promoter is putting into
his scheme before you decide to risk
yours. Don’t take his word for it—
make him prove it.
STUDEBAKER CAN PAY LOANS.
NEW YORK, May 23 (A 3 ).—The
Studebaker Corporation is understood
to he prepared to pay all outstanding
hank loans due July 1. After provid
ing for nearly $2,000,000 in June 1
quarterly dividend requirements the
corporation will have more than
$8,000,000 cash on hand, it is said.
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY
CHICAGO, May 23. —Building ma
terials are moving steadily, with sand,
gravel and crushed stone at slightly
lower levels than a year ago, except
in the South and West. Cement is
stable, with brick and tile firm.
ATLANTA, May 23.—The State
gasoline tax of 3 cents a gallon has
netted Georgia $845,614 in the first
quarter of the year, of which $279,000
has gone to the State highway depart
ment for road building.
HAVERHILL, Mass., May 23.—The
Haverhill Shoe Manufacturers’ Asso
ciation has appealed to the Haverhill
Shoe Board for a reduction of wages
in every factory department.
HOUSTON, May 23.—Shipments of
fruit and vegetables from the lower
Rio Grande Valley so far this year
have totaled 11,339 cars, a new record,
comparing with 10,808 cars for the
similar period of 1924.
DETROIT, May 23.—The Chrysler
factory is adding to its list ft coach
listing at $1,545, factory.
Public Again Buying Stocks
As Many Issues Go Higher
Loiv Money, Dividends, Trade Reports
and Rise in Commodity Prices
Among Week’s Big Features.
RY STUART P. WEST.
Special Dispatch to the Star. •
NEW YORK, May 23. —The past
week has been another period of ris
ing prices on the stock exchange ac
companied by an increase in the vol
ume of business, denoting a larger
public interest. Also It has been a
week of low money rates, of strength
in investment bonds and of generally
better trade news.
The two features hearing upon the
stock exchange movement have been
the proofs of grenter liberality in the
distribution of dividends, and second,
the disposition to clear the way for
holders of Junior stocks by calling In
preferred share Issues, or else get
ting ready to take care of dividend
arrears.
More Increases Predicted.
AVhat this means is that, after re
pairing the losses sustained during
the slump of 1920-21, a numher of
industrial corporations have thought
the time ripe for paying out more of
their surplus earnings. Possibilities
in this connection have furnished the
main incentive for the Wall Street
operations of the last week.
At the same time various dividends
have been increased and more such
BIG CUT IN COTTON
OUTPUIWED
Northern Men Claim South Is
Ruining Trade by Too
Much Speed.
RY J. C. ROYI.E.
Special Dispatch to the Star.
NEW YORK, May 23.—The cotton
textile interests of New England have
been signaling violently to the
southern manufacturers to put the
brakes on mill production in the last
fortnight. But their appeals have
fallen on deaf ears.
The northern mill men endeavored
to show the southern producers
gathered here for the Southern Ex
position that it would aid both sec
tions if mill schedules were cut down.
In most instances they were told
plainly that so long as the southern
mills could maintain top speed they
would let the northerners worry about
the curtailment program proposed by
the National Council of American
Cotton Manufacturers.
See Too Great Activity.
The New Englanders assert that
there are 18.000,000 spindles in the
North and 17,000,000 in the South.
This numher. they say, is sufficient to
supply normal needs. But with the
southern mills working two shifts, as
some are doing, the southern spindlage
is increased to 34,000,000, which is too
much when northern spindles are
added.
Consumers are buying on a hand
to-mouth basis. With the railroad
situation in fine shape they are con
fident that they can secure what
goods they want on short notice. The
manufacturers therefore are having
to carry some goods, involving the
tying Op of considerable capital and
without the advantage of forward
business to bank on. The northern
manufacturers say this situation is
keeping prices down. They want both
sections to curtail.
Fall River mills and some in other
textile centers are doing so. A num
her of southern mills with northern
affiliations are following suit, but the
majority of southern mills are letting
their competitors do both the worry*
ing and curtailing.
Cotton Experts Alarmed.
John S. Lawrence of Boston, an ex
pert on New England cotton mill con
ditions, says at least 25 per cent of
the New England cotton mills must be
abandoned or seek a new outlet for
their goods. His idea is supported b>
the fact that some 30 of the largest
mill companies in New England ha\e
passed their dividends in the last cou
ple of years. Other experts differ as
to the causes for the existing situa
tion. Some blame styles. They shud
der in horror over reports from Paris
that skirts are to be still further short
ened, reaching barely to the knee.
This is not hecause they are reform
ers, hut because they see opportu
nities to sell fewer goods.
Feminine taste for a year has been
awav from cotton and toward silk and
ravon fabrics. Some New England
mills have adapted' themselves to this
trend of style. Others doubt whether
the swing to silk is permanent. For
a time textile manufacturers asserted
that all would be well when the coun
trv was prosperous. Now many of
them are blaming the prosperity of
the country for their troubles, declar
ing the vogue for silk is a manifesta
tion of super-prosperity, which must
fade before they can profit fully.
Prices Vary Greatly.
Along with the cry for southern cur
tailment comes the urge for additional
tariff protection. Mr. Lawrence, how
ever, suggests that the difficulties can
and should be overcome by intensive,
high-pressure salesmanship directed at
American consumers.
The mills are endeavoring to make
the best of things by accepting any
kind of an order presented. The days
of the million-piece order have passed,
and makers are taking orders for
5,000 and 10,000 pieces or any small
amount that will serve to keep the
machinery busy. Prices are made to
suit the buyer in most cases and vary
sharply as between individual cus
tomers. (Copyrlrhtt 1925.)
MANGANESE SENT HERE.
The Russian information bureau
here states that of 53.475 tons of
Russian manganese -il}
March from the Chiaturi fields. 20,650
tons, or nearly 40 per cent, were
shipped to the United States. Ger
many took 18,485 tonß.
■ ——
ROAD BOOSTS INCOME.
NEW YORK, May 23 (A 3 ).—The
Colorado and Southern Railway earned
$lO 88 a share on the common stock
in 19°4 after preferred dividends,
compared with $4.01 a share in 1923.
Net income Increased to $4,055,971
from $1,924,545, Surplus was $3,-
375,660, against $1,244,008 the year
before.
NICKEL PLATE REPORTS.
NEW YORK, May 23 C4»).—April
surplus of $449,023 is reported by the
New York. Chicago and St. Louis
(Nickel Plate), a gain of $140,139 over
April last year. Gross revenues de
clined to $4,365,800 from $4,626,478,
but net operating income increased to
$790,151 from $646,129. Surplus for
the first four months of 1925 was
$2,030,046. against $1,608,299 ft year
age. ■'
increases are expected. The prospect
of railway mergers continues to make
some of the medium and low priced
rail shares favorites. Finally, the very
easy money conditions have had their
logical effect In bringing new buying
into the. higher grade of dividend pay
ers, both in the railway section and
among the industrials.
Commodity Prices Harden.
Ail these elements have told in fa
vor of higher prices, and, as pointed
out a week ago, constitute a more
solid background for the present for
ward swing than any that existed last
W inter, when the market was so en
tirely dominated by speculation.
Outside Industry also Is in better
shape than lt was four months ago.
Then the commodity price structure
was wobbling and production had been
carried too far. Now the proper re
adjustment has taken place. Output
of the mills and factories has been
reduced In keeping with consumption,
founded upon demands for Immediate
needs only. Prices came down over
three months without Interruption.
Within the last fortnight they have
begun to harden, and there is very
little doubt that. In the majority of
lines, they have reached the level at
which buyers feel confidence again.
May P'igures Important.
The April figures on the foreign
trade proved nothing because gold
payments were not resumed until
April 28. It will not be until the May
returns appear toward the middle of
June that proper conclusions can be
drawn.
In the meantime the suggestion may
be made that while the increased pur
chasing power of the British pound
will naturally stimulate imports, the
ability to lay hold at lower costs of a
larger quantity of foreign raw mate
rials will help the export movement.
Francs Again Decline.
Freneh francs took another down
ward turn during the week and were
not far away, at their bottom figures,
from the season's extreme low. This
does not signify disapproval of the
financial policies announced by the
new Freneh cabinet. On the con
trary, in banking circles these are
regarded as the sanest of any so far
proposed. But the uncertainty arises
as to how the Freneh people will
treat the project for heavily increased
taxes.
The whole trouble with French
finances is that too many misleading
statements have been made during
the last three years from high quar
ters.
Federal Reserve Ratio Up.
The remarkable part about the
financial situation at home is that
with stock prices at a new high av
erage and with daily transactions at
the 2,000,000-share mark again, the
reserve ratio of the Federal Bank at
New York has risen to the highest
of the year. This demonstrates that
the member banks have been able to
finance the increased activities of Wall
Street without recourse to the redis
count facilities of the Federal Reserve
institutions.
This is the stage of the year when
weather conditions are paramount as
an influence in the commodity mar
kets. The Winter wheat crop of the
United States is evidently going to be
very short as compared with the 10-
year mean, but this shortage may be
offset later on by the enlargement of
the Canadian harvest, which was ab
normally poor a year ago. and by a
better Spring wheat yield In this
country.
Cotton Crop to be I^rge.
The cotton trade is looking forward
to another large production and con
sequently there is no incentive, any
more than there has been for the
last four months, to recovery. On
the other hand, the fail of 10 cents a
pound or more in prices, as com
pared with a year ago, has caused
an improvement in mill demand and
this is holding the market steady.
(Coprrixht, 1925.)
STOCK ON $2.50 BASIS.
NEW YORK. May 23 tA*).— The new
no par value common stock of Asso
ciated Dry Goods has been placed on
an annual dividend basts of $2.50 a
share, with declaration of a dividend
of 63 cents, payable August 1 to hold
ers of record July 11. The annual
rate on the old common, SIOO par,
which was split up four for one, was
$5 a share.
PREDICTS DODGE GAINS.
NEW YORK. May 23 OP).—Clarence
Dillon of Dillon, Read & Co. said on
his departure for Europe today that
he expected business of Dodge Bros.,
Inc., for the first six months this year
to he double what it was last year.
This improvement should more than
continue throughout the year, as the
last half always is better with the
motor companies, he added.
Quick, Courteous Action
Monry to Loan on lit, 2nd and 3rd Traits
Mon»r Adxanred for Payment of Taxes
Monry Loaned for IndiTldua! and Corporate
Financing
District Loan Procurement
Company
219-223 Kellogg Bldg, 1422 F St N.W.
Tel. Main 8070
Satisfactory Safety
OUR First Mortgages are free from
danger or risk, and, in addition,
possess that much-desired clement—
satisfactory safety.
Simplicity is a prime factor in connection'
with the purchase of our First Mortgage
Notes. There are no complications, no legal
entanglements, no investigation necessary—
every detail is taken care of by us. Without
any red-tape or uncertainty, you can invest
your funds and receive your interest and
principal promptly.
These Notes are issued in denominations
of SIOO and upward, and now yield
GDashin^cnuDLC.
56 Years Without Loss to An Investor
Prompt Action
First Mortgage Loans
Lownt lUteii of Interest sod Commission
Thomas J. Fisher & Company, Inc.
738 1 fith
7x . , wiser jtm % ft : %
I
| Continental Trust Company ,
L Capital
One Million Dollars
14th & H Streets
I V. • 1 "ii: ■■ i.
Money to Loan
Secured b j first deed of trust on real estate
. Prevailing interest and commission
Joseph I. Weller \
WE FINANCE
—•II classes of income-producing property.
Large Loans a Specialty
Current Int. rate and commission.
Higbie & Richardson, Inc.
818 15th St. N.W.
'Ear-.: 1 ■ ==E
] WANTED
Second Trust
Notes e
This company has funds
available for the purchase
of all kinds of second
trust notes, secured on
real estate in or close to
D. C.
Prompt Service
sWashington Investment^
and
Transactions Co.
713-15 14th St. N.W.
Main 3662
. ..JDI -Eg
When You Have Funds to
Invest, Consult WELCH,
Loan Specialist
Established 1890
e l / 2 % and 7%
Real Estate Notes for
Sale in Amounts from
$250 up to SI,OOO or
More.
Consult Welch, Realtor
Loan Specialist
15th & N.Y.Ave. Main 4347
Reference: Any Rank, Trust Co. or
Title Co. In the District. No loss to
an Investor in 25 years.
Electric Light
& Power
Includes the Electric Light 61
Power Companies serving
Clev eland
St* Louis &
Milwaukee
and adjacent territories.
The North American
Company
a one of the oldest, largest sad
most successful Utility Holding
Companies in the country.
Statement just issued shows
Record Earnings
Descriptive booklet on request.
We recommend purchase
oi the common stock.
CRANE, PARRIS & CO.
823 15th St. N.W.
Washington, D. C.
FINANCIAL.
FEDERAL-AMERICAN I
NATIONAL BANK
RESOURCES, $14,000,000
1315 F Street
JOHN POOLE, President
Wanted - Money
Wanted, loan of $25,000 in
one or separate loans.
First-class real estate se
curity on church property,
1 to 3 years at 7 per cent.
Address Ilox 220-X, Star
Office
FIRST MORTGAGES
FOR SALE
Denominations of $250, SSOO, $759,
SI,OOO and upwards
ey 2 %
All Loan* Made on Property
Located In ttie District of
Columbia
JAMES F. SHEA
643 Louisiana Ave. N.W.
Patronage is very sensitive—it
usually goes only where it is i
urgently invited, and its sojourn is •
limited by the character of its jh | j
treatment. ' fg \
A Keen Appreciation f
—of this truth has prompted us to "urgently invite" investiga
tion as to how we absolutely safeguard funds invested in our J
first Mortgage Heal Estate Notes secured upon Washington
IMPROVED PROPERTY.
We are confident your sojourn as a patron will be* "UN*.
LIMITED" after you shall have tried our service.
NEVER A LOSS TO AN INVESTOR. f j.
Ask for Our Literature and List of Securities Offered ' t
MORTGAGE INVESTMENT DEPARTMENT. f M
gHANN©N&LUgHg|
713 and 715 14th Street N.W. Main 2345 /
r
The Prudence Company,,lnc. £ ’
of New York
; Invites Applications for V f /
Construction Loans * J
Long-Term Refinancing
Amounts of $50,000 and over :
FRED T. NESB.IT
Loan Correspondent
Investment Bldg. Maim 9392
JEJ3SMS®3JSEE/SiSJt!iESMSiSiSiSJSJISISJSfSISJSJSnSMSfSMSr£fSf33MS®SjafS®®iSJSJBI|]
! ji
j The New York Life Insurance Company ji
! 1
Offers to Make j ffl
I 1
First Mortgage Loans
on Improved Real Estate
In the ’
1 * §
District of Columbia and Suburbs <
for 3, 5 or 10 Year Periods s
I ' jg
• Houses Apartments £ * §
Business Properties Office \Buildings £9
5%% * I
ON APPROVED SECURITY : F ’: 1
Apply I
IRakball H.lagner & Co3f»Asnrl
Mortgage Loam Correspondent
j o/f*-/32/ C/fve^uu, # 9700.
“WHAT AM I WORT*!
# TODAY?”
If you invest your money in
OUR FIRST MORTGAGES •’
—secured on selected Wash-
ing-ton real estate, you will
Over a & J
_ have an investment that will
Quarter
, not fluctuate, that will be fust
of a
„ as Rood three years from now,
Century .
TTT ., and vou will alwavs know
Without
_ what vour assets are and what
a Loss
your income is to be.
B. F. SAUL CO.
Main 2100 925 15th St. N.W.
When You Need a Loan/
Think of WELCH
Loan Specialist
Money to Lo&n
At Sy 2 % ancL6®o
INTEREST
Bofor© Placing or* Rcnefrir.g Tonr
Ist or lijf Trunt
Consult WELCH , Jjlealtor
J.oxn Sirrlxlistt
Quirk Kepliro
KuiMonitblr Charg rs
1.->th and X. V. Ave. Main 4346-4347.
pLOANIT
We will gladly receive
and give prompt attention
to applications *fJor
Loans on Washington
Real E itate
Current rate:3 of interest.
Should you ha're
Money to* Invest
—we can also take care of
you. Our exj »erience, ex
tending over a, period of
Thirty-Fnre Years
—insures you r protection.
Percy H. Russell Co.
926 15th St. N.W.
27

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