VEGETABLES SELL
AT LOWER PRICES
Shippers Lose Money on
Some Consignments— Very
Heavy Receipts Reported.
Probably the most astonishing fea
ture of the week's market was the re
ceipt of cantaloupes, tomatoes, squash
es and cucumbers in such large quan
tities that prices were forced to a
point that meant losses to shippers.
It has been a long time since top
quality cucumbers sold at the rate of
.50 cents a basket, approximately 1
cent apiece, according to dealers, and
it is thought the decreased price may
mean cheaper pickles the coming Win
ter season.
Dealers report many housewives
making purchases for the Winter sup
ply. Tomatoes were also cheap enough
for canning purposes. Peaches from
Georgia were received in larger quan
tities than usual, and dealers quoted
prices they considered low.
Receipt of such large quantities of
fruits and vegetables surprised local
dealers. It was feared the long
drought early in the season had ruined
all early crops of vegetables, but
plants quickly started growing after
the appearance of the first rain.
t Today’s Wholesale Prices.
Butter—Fancy, tub, 48; prints, 51;
store packed, 28a30.
Eggs—Fancy, selected, candled, 32a
34; average receipts. 30a31.
Poultry—Alive, Spring chickens,
large, 35a36; Leghorns, small, 27a28;
heavy fowls, 27; ducks, 20a25; keets,
40 to 75; turkeys, 25; geese, 12a15;
dressed Spring chickens, large, 45;
small, 40; turkeys, 30; ducks, 20;
geese, 15.
Live stock —Calves, SVialOf/fe; lambs,
Spring, 13a14; hogs, 15.
Meats—Beef, 17alS; veal, 15; Spring
lambs. 30a32; hogs, 21%a22: loins. 35a
37; shoulders, 20a22; smoked hams,
. 30a32; smoked shoulders, 20a22.
Fruit ami Vegetable Review.
Today's market report on fruits and
vegetables (compiled by the Market
, News Service Bureau of Agricultural
Economics), says:
Cantaloupes—Supplies liberal; de
mand slow, market dull and weak;
California and Arizona, Salmon Tints,
standards, 36s and 455, 2.00a2.25;
jumbos, 455, 2.25a2.50; flats, 12s and
15s, 60a75; Arizona, pink meats, flats,
12s, 75a90; North Carolina, Ridgeway
section, Salmon Tints, standards, 36s
and 455, 1.75a2.00, few best. 2.25; other
sections Salmon Tints, standards, 36s
and 455, 1.00al.50; flats, 15s, 35a50.
Peach Market Steady.
Onions —Supplies very light; no
sales reported.
v Peaches —Supplies liberal; demand
limited, market steady; Georgia,
North and South Carolina, sixes, El
bertas and Belles, large size, 2.75a
3.00; bushel baskets, Elbertas, large
size, 3.00a3.25; Belles, 2.75a3.00; fair
quality, medium size, 2.00a2.50; Vir
ginia, sixes and bushel baskets, Car
man’s, large size, 1.75; few, 2.00;
North Carolina, bushel baskets.
Hales, large size, green, 2.75a3.00.
Potatoes —Supplies moderate; de
mand light, market firm; A r iriginia,
east shore, cloth-top stave barrels,
Irish cobblers, U. S. No. 1, mostly,
*6.50.
Watermelons—Supplies moderate;
demand light, market steady; sales
direct to retailers; Georgia and South
Carolina, Thurmond Grays, 30-32 ib.
average. 65a75; 26-28 lb. average, 50a
60; Excells, 32-35 lb. average, 60a75
each.
Lettuce—Supplies light; demand
light; market steady; New York, 2
doz. crates. Big Boston type, 1.00a1.25.
Sweet Corn Cheaper.
Apples—Supplies liberal; demand
moderate; market steady; Delaware
and Maryland and Virginia, bushel
baskets Wealthys and Rambos, 1.75
a2.00;. few best Wealthys, 2.25; Olden
burg, 1.75; various varieties, small size,
75a1.25.
< Lima beans—Supplies liberal; de
mand moderate, market fairly steady;
Maryland and Virginia, bushel ham
pers, 2.50a2.75; shelled, 60 per quart.
Reas—Supplies light; demand mod
erate, market steady; New York,
bushel baskets; Telephones, 2.00a2.50.
Sugar corn—Homegrown; receipts
liberal: demand moderate, market
slightly weaker, 30a45 per doz.
Tomatoes Homegrown: receipts
* light; demand moderate, market
steady; -bushel baskets, 60.
ALEXANDRIA.
ALEXANDRIA, Va., July 25 (Spe
cial).- —When three speeding motor
cycles left Fort Humphrey road on a
sharp turn at Snake Hill last night,
Jack Meeks and Catharine Hope,
Washington, were slightly injured.
Each of the motor cycles carried a
girl passenger, It is said. Constable
F. J. Wease of Fairfax County is
holding two of the machines.
A man giving the name of Fred
Speevack of Louisville, Ky., walked
into the station house last night and
told Sergt. Henry Taylor, who was
on duty, to send him home. He is
being held pending investigation of
his record as a former inmate of the
Jewish Hospital at Louisville.
C. C. Kent, for two years secretary
of the local Y. M. C. A., has gone to
Connellsvllle, Pa., where he will take
charge of the Railroad “Y” of the
Baltimore and Ohio Railroad.
The band of the 13th Engineers
from Fort Humphrey gave a concert
last night in the open-air bandstand
on South Washington street. Richard
AY. Trichel, conductor, was in charge.
About 2,000 persons attended.
‘ According to L. P. AVhitestone plans
for the Moose stampede at Arlington
Tieach are progressing. The Southern,
C. & O. and Richmond, Fredericksburg
;.nd Potomac Railroad Companies have
announced excursions will be given
the week end of August 22. Nationally
prominent speakers will attend. The
local lodge is receiving co-operation of
the lodges in Washington and Balti
more, and it is expected to make the
gathering more than a local one.
Accompanied by about 50 club mem
'bers, the crew of the Old Dominion
Boat Club left yesterday morning for
Richmond, where they will row in the
regatta of the Southern Rowing As
sociation. The local crew, coached by
AYalter Thrall, veteran oarsman of the
Potomac Boat Club, with the Po
uomacs, is expected to have its own
way with the events in which it is
scheduled. The Potomac Boat Club
and the AA'ashington Canoe Club have
come to the rescue of the Old Do~
minion whenever their help has been
requested.
’ GERMAN BONDS AND STOCKS.
(Quoted in dollars per million marks.) |
Bid. Asked
SWrGtlWIn) 5s 1914-18 600.00 025 00
Hamburg 4%s 1919 ... 135.00 15500
Ger Gt 4-5» (forced loan I 11.50 13 50
Ger Gt 8-15 s ’23 (sm pi .25 40
(Quoted in dollars per thousand marks)
Ger Gen Elec 4(ia pre-w 19.00 21.00
Ger Gen Elec 4%s 1919. 2.50 3.50
Berlin 4» pre-war 10.00 11.50
Ham 3s. 3 54s & 4s pre-w 3.50 4 25
Hamburg Amer Line 4548 18.60 20.50
North German Lloyd PjS 21.00 23.00
North German Lloyd. . . . 5.50 7.00
Prussian Consols 3%5.. 80.00 110.00
Rrupp 5s 1921 2.50 3.00
Dusseldorl 4s pre-war... 10.00 12.00
Frankfort a-M 4s pre-war 10.00 12.00
Munich 4s pre-war 13.00 16.00
Badische Anilin 65.00 60.00
AEG (Ger Ge Elec). . . 21.00 23.00
CufiJmerz and Privat Bk 13.00 14.00-
Lis«>nto G'-llschaft 37.00 40.00
Tfresdner Bank 18.00 20.00
Deutsche Bank 37.00 29.00
Larmstaedter Bank .... 27.00 29.00
ilercur Bank Vienna— . 1.30 1.60
FINANCIAL,
NEW YORK CURB MARKET
Received by Private Wire Direct to The Stajr Office
BY WILLIAM F. HEFFERNAN.
NEW YORK. July 24. —It was a
usual week end market on the Curb
Exchange today, with prices backing
and filling in a disorderly fashion.
Johns Manville featured the high
priced specialties, advancing to 183 as
against the previous final of 169, but
subsequently lost a good part of the
gain. It was difficult to account for
the strength in Cuba Co., which was
again taken above 60. Southeastern
Power stood out strongly among pub
lic utilities.
NEW YORK, July 25.—Following
is an official list of bonds and stocks
traded in on the New York Curb
Market today:
Sales In BONDS.
thousands. High. Low. 1 :50.
3 Alum 7s ’25 100% 100% 100%
36 Am Gas &El 6». 08% 68% 68%
7Am Pow &Lt 65.. 97% 97 97
1 Anaconda 6s ....103% 103% 103%
2 Andian Nat Cor 6s 120 120 120
1 And Nat C 6s wl. 99 99 99
2At G&W ISS 5s 70% 70% 70%
4 Beaverb’d 8s .... 92 92 92
1 Beaver Prod 7%5. 106% 106% 106%
6 Bell T Can 5s A . 09% 99% 99%
2 Beth Stl 7s 35... 103% 103% 103%
15 Cent Pac Ry 5b . . 98 98 98
17 Cit Ser 7s D .... 102% 102% 102%
2 Cit Ser 6s 91 91 91
2 Cit Ser P & I 6s 94 % 94 94 %
1 Cons G Bal 5%s E 105% 105% 105%
1 Cuban Tel 7%s . . 110 110 110
12 Cudahy 5%s .... 81% 91% 91%
20 Deere &Co 7%5. . 104 103% 104
6 Detroit City G 6s 105% 105% 105%
18 Detroit Ed 65.... 130 12!) 130
2 Dunlop T & R 75.. 105 105 105
2 Gen Ice Crm 6%5110 110 110
5 Grand Trunk 6%5. 108% 108 % 108%
1 Gulf Qi? Corp 55.. 99% 99% 81*%
6 Kan C Term 4s . . 86 86 86
7 Lehigh Pow 65... 101% 101% 101%
1 Lib MoN & L 75.. 104% 104% 104%
10 Long Is Lghts 101 100% 100%
3 Nat Distil Prod 7s 101 101 101
10 N Or P S 5s B ’55 92 92 92
3 Nor States P 6%s 103% 103% 103%
4 Nor S P M 6%s C 119 118% 119
2 Okla G& E 6s. . . 92% 92% 92%
6 Pure Oil Co 6%5.. 101 100% 100%
8 Shawsheen 75.... 102 102 102
31 Schulte RE 1 P f 0s 100 100 100
17 Sloss-Sheff 65.... 102 102 102
1 Sloss-Sheff Os P . . 102 102 102
2 Stand M Cor 5%s 95% 95% 95%
ISO New Yk (i%s 107 % 107% 107%
4 Sun Oil 5%5.... 99 99 99
11 Swift & Co 55... 96% 96% 96%
2 Transcont Oil 7s. . 99 99 99
IDS Rub 6% s ’25 101% 101% 1(11 %
8U S Rub «%s ’2B 101 101 101
2 I’ S Rub 6%s 30 100% 100% 100%
1 Morris & Co 7%5103 103 103
8U S Rub 6%s ’3B 9!) 98% 99
6 Vacuum Oil 7s .. 105 % 105% 105 %
FOREIGN BONDS.
1 Cit Berlin 6%s wi 89 89 89
5 City Graz 8s ... . 98 98 98
6 Est RR Fi ance 7s 83% 83% 83%
5 Krupp Fried L7s 89 % 89 % 89 %
15Mor Bk Denm 6s 99% 99 99%
2 Prov San Fe 7s . . 96 96 9(1
6 Prov Up Aus 75.. 92% 92% 92%
5 Siem & Hal 7s ’2B 95% 95% 95 %
36 Swiss Govt 5%s . 102% 102% 102%
13 Tono El Pow C7s 90% 90% 90%
Sales in STANDARD OIL ISSUES,
units.
100 Anglo-Amer Oil . 22% 22% 22%
400 Atl Lobos ... . . 2 % 2 % 2 %
800 Atl Lobos pfd.. 4% 4% 4%
. 30 Borne Scrymser 235 235 235
1000 Contin Oil new. 25% 25% 25%
100 Crescent PL.. 15% 15% 15%
20 Cumberland P L 154% 154 >-4 154’..
25 Gal Signal Oil . 54% 54% 54%
200 Humble O & R. 67% 67% 67%
10 Illinois Pipe Line 135% 135% 135%
300 Imp Oil Can nw 32% 32% .32%
200 Inter Pet C Ltd 25% 25% 25%
40 Magnolia Pet . . . 149 149 149
1300 Prairie O&G new 59 58 % 59
150 Prairie PL .... 125 >4 125% 125%
6500 S O Ind 60 65 % 65%
500 S O N Y 43% 43% 43%
200 Vacuum Oil ... 89% 89 89%
Sales INDEPENDENT OIL STOCKS,
in hdrds.
2Am Contr Oilflds 7% 7% 7%
7Am Maracaibo C 10% 10 10%
2 Cardinal Pete.. 3 % 3% 3%
14 Carih S.vnd .... 0% 6 6%
16 Cit Serv new... 38% 38% 38%
1 Cit Serv pfd.... 83% 83% 83%
16 Columbian Synd 1% 1% 1%
6 Creole Synd ... 11 % 11 % 11 %
1 Crown Cent Pete 86% 86% 80%
5 Euclid Oil Co.. 1% 1% 1.%
3 Gibson Oil Cor. 2% 2 % 2 %
1 Gill Oil vtc. ... 1 % 1 %
1 Gulf Oil of Pa. 77% 77% 77 %
1 Kirby Pet 3 3 3
17 Lago Pet 5 5 5
2 Lion Oil 22% 22% 22%
1 Mex Panuco lit 1 H 114
4 Mount Prod .... 21 % 21 21
3 New Mex Land.. 7% 7% 7%
5 Ohio Fuel Cor . . 33 33 33
5 Peer Oil Cor .... 1% 1% 1%
1 Pennok Oil Cor. . 26% 2(1% 2(1%
3 Reiter-Foster Oil.. 22 21 % 21 %
2 Royal Can O & R .60 .58 .58
8 Salt Ck Prod ... 26% 26% 26%
1 Shrev El P L .. 17% 17% 17%
4 Sun Oil 41 40% 40 %
1 Venezuelan Pet.. 3% 3% 3%
1 Wjleo O&G new 27% 27% 27%
1 Woodley Pet.... 5 % 5 % 5 %
INDUSTRIALS.
% Adiron Po 7s pfd. . 100 100 100
1 Am Leather pfd.. 47 47 47
% Am Ci 85 85 85
6Am Gas & Elec.. 80% 80% 80%
3% Am Lt & Tra0.,171 170 171
6Am Pow &Lt n. 60% 60% 60%
.5 Am Rayon Prod. 37% 37 37
2Am Superpow A 36% 30% 36%
lAm Superpow B 27% 27% 27%
3 Armour Co B vtc 14 13% 14
11 Asso Gas & Elec 39% 39% 39%
Wild Rise in Industrial Stocks
Brings Up Market Averages
Rail Rates Grip Attention Money
Market Confused—Commodity Prices
Stop Going Down—The Outlook.
BY STUART P. WEST.
Special Dispatch to The Star.
NEW YORK, July 25.—During the
past week the stock market did not
advance as much as it did the week
before. There was more irregularity,
£.nd a part of the list either stood still
or went down a bit. But on account
of the extraordinary rise in high
,priced industrials, the general aver
age was up 46 cents a share and
stood at another new maximum.
The steel company reports for the
second quarter were better than ex
pected. It was, however, disappoint
ing to holders of these shares that
they were not more responsive to the
good news.
Oils and Coppers Lag.
Also holders of the oils have again
had cause to be displeased with the
action of their stocks in view of the
statistics indicating production on the
decline and the lowest crude output
since April. The coppers have done
nothing further despite the more re
munerative basis upon which the
copper metal is quoted.
Sugar stocks had a test when the
Punta Alegre dividend was passed, and
the stock broke badly. On the whole,
they met this test fairly well, and
those who take a long-range view of
the sugar situation are not discour
aged. They believe that the natural
law is bound to assert itself —namely,
that where prices are down to cost
production is sure to fall. Moreover,
they are counting upon the low'
prices stimulating consumption, and
the figures for the first six months of
the year show that this is what has
been happening.
Rail Earnings Better.
The current market has to be
examined thus by groups because
each group is looking for its cue,
not so much in developments in the
general situation, but in the course
of the individual industries. The
first of the June railway statements
have suggested that June was a better
month than May, while decidely better
than the same period a year ago.
There has been much talk about the
improvement in the railway position
in the Northwest owing to the bet
ter crop outlook and the high prices
which have prevailed for the last
year.
But so far as the future of these
roads are concerned, much depends
upon the decision of the Interstate
Commerce Commission on the appli
cation which has been made for a
rate incsease. Such an increase, if
granted, would go far to offset the un
favorable effects of the Panama Canal
competition and of the competition
between the roads in the section them
selves.
Some of the low-priced railway
stocks have been the objects of active
buying, but taking this class on the
whole, there is a disposition to await
the judgment in the Nickel Plate case.
THE EVENING STAR, WASHINGTON, D. C., SATURDAY, JULY 25. 1925.
Franklin Manufacturing was an
other strong spot, responding to the
report of operations for the first six
months. After deducting preferred
dividends, there was a surplus of
$1,166,649, equivalent to $3.89 a share.
Stocks that reached new high
records included the new Southern
Cities Utilities, which at 66 was up
almost 4 points; Southeastern Power
and Light, up 5 points; Nizer Corpora
tion B, up over a half and the A up
a small fraction; Cuba Co., up one,
and National Tea at its former top.
1 Atlantic Fruit... .85 .85 .85
2 Atlas P C new.. 54% 54 54%
4 Belding Bros. ... 39 30 J 9
1 B Schwartz Cis A 17% 17% ij%
1 % Bucyrus Co 177 173 177
o Car Light 3% 3 3%
% Carolina P * L.. 431 426 431
1 Centrif Pipe Cor. 15% 15% 15%
19 Chapin Sac & C. 48% 46% 46%
36 Chatterton & Son 43 41% 43
4 Chi Nip A 38 37 % 38
2 Chi Nip B T’t. . 16% 16% 16%
% Commonw PC pf 82 82 82
0 Commonw PC n 39 % 39% 39%
5 Comm PC rts wi 1% 1A ItV
9 Cons G Balt new 43% 43% 43%
2 Continen Bak A. 139% 139 % 139%
57 Continen Bak 11. 36 % 36 36
216 Cuba Co 50% 49% 49 %
4De For R C vtc 25% 25% 25%
1 D L & W Coal.. . 123% 123% 123%
1 Dubilier C& R . 17% IT% 17%
4 Durant Mot 12% 12% 12%
9 E1B& Sh new co. 68% 68 % 68%
21 El Invest 1nc.... 63% 62% 63%
1 Eureka Vacm C.. 50 % 50 % 60%
1 Film Inspec M.. 6% 6% 6%
41 Fox Pic A 57% 57 57
60 Frank HIIMg C 43 40% 42
29 Gabriel Snb Ms A32 31% 31%
2 Gen Ice C 37% 37% 37%
10 Garod Corp .... 6% 5% 5%
% Gen Gas & El. . 22ft 225 225
1 % Gen G&E pld A 169 167 169
16 Gen G&E nw Awi 58% 57 68%
2 Gen Outd Ad CA 45% 45% 45%
2 G Outd A C vtof 25% 25% 25%
8 Gillette SR... 80% 79% 80%
IGa L. P & R. . 73% 73% 73%
18 Goodyear Tire T 39% 39% 39%
4 Gould Coupler A 21% 21% 21%
4 Grimes R&C R. . 20% 20% 20%
1 Hall Switch & SC 4 % 4 % 4 %
25 Happiness C St A 9 8% 9
8 Inti Conti Rub. . 13 12% 12%
15 Inti Conor Ind C 12% 12% 12%
14 Inti Match C pfd 51% 50% 50%
18 Inti Match rts wi 6% 6% 6 s
3 Inti Util A.... 37% 37 37%
29 Inti Util B. .. .0% 8% 9%
7 Johns Mansville. 183 171 lift
1 Jones Radio 3 3 3
16 Kelvinator C. k 4 1’,4 43% 43%
1 Kraft Cheese. . . 88 88 88
4 Leh Pow sec vtc 148 145 146
% Lehigh Val Coal 83% 83% 83%
2 Lehigh Val CNC 38% 38% 38 %
7 Lib R Ch Stores 8% 7% 8%
3 Marc Wire Tel C 7% 7% 7%
1 McCord R&M vtc 22 22 22
1 Mesabi Iron .... 2% 2% 2%
2 Mid West Util.. 96 96% 96
% Miller Rubber .183 181 181
1 Motion Pic Cap C 18% 18% 18%
22 Moto Met 40% 40 40%
.3 Mohawk Valley.. 43% 43 43%
4 Music Master C.. 16% 16 16%
% Nat Pow & Lt. . 343 342 342
% Nat Tea Co. . . . 450 450 450
6 Nat Pub Ser B. . 18 17% 17%
1 Nevada CEI ... 3(1% 36% 30%
6 Nizer Corp A... 54 % 54 64%
41 Nizer Corn 8... 53% 52% 62%
24 North 0 Pow C.. 12% 12% 12%
1 Nor Out Lt & P 47 % 47% 47 s
% Nor St.a P C pfd 99% 99% 99%
7 Nor Sta P C war 26% -26 26
4 4 Norwalk T & R.. 16 15% 16
1 Ohio Trac 12 12 12
1 Ohio Trac pf .. 69% 69% 69%
2 Pathe Ex Inc A.. 82 81% 82
3% Penn Wa Pow Co 159% 159% 159%
6 Pitney Bow Po M 9% 9 9%
21 Pow Cor N Y. . . 82% 81% 82
40 P Cor N Y rts wi 4 % 4 % 4 %
2 Purity Bak B. . . 39 39 39
2 Reid Ice Cream. . 42% 42% 42%
% Rem Noisel TC ploß% 108% 108%
ORooMut 22% 22% 22%
1 Silica C P n vtc. 18% 18% 18%
1 Singer Mfg .... 274 274 274
22 Sou Cotv Util. . . 68 62% 67%
2 Sou C Util pfd.. 86 8(1 86
15 Serv El Corp A . 21% 20% 21 ’1
1 Sou Gas &Pw A 23% 2.3% 23%
4 Southeast P & L 149% 140 149
BSt Reg Pap 85% 85 85%
1 Stand Pub C A. 20% 20% 20%
8 Stutz Mot 8% 8% • 8%
1 Swift Inti 26’* 2(1% 26%
1 Thermiod Rad C 10% 10% 10%
6 Thomn R C vtc.. 8% 8% 8%
1 Tob Prod Ex.... 3% 3% 3%
% Lulilze A Silk vtc 156 156 156
1 Union Carbide... 67% 67% 67%
2 Uni G& F. new. 51 50% 50%
2 United Rw & E. 19% 19 19%
11 Uni Lt & Pow A 114 V, 113% 114%
11 Uni Lt &P Arts 8% 8 8),
3 Uni Prof’t Sh.ar n 16% 16% 16%
3 Universal Pi-t C 36% 36 36%
% Viet Talk Mach. 83 81 % 83
1 Ware Radio 1!* 19 ,19
2 Warner Br Pic A 16% 16% 16%
4 Western Power. . 62 61 61
4Wh Rk Min Sp n 44% 44 44
18 Wilson & C n wi 15% 14 14%
MINING.
7 Canario Copper. 7% 7% 7%
1 Chief Cons Min. 3 3 3
10 Cortez Silver . . .08 .08 .08
2 Dolores Esoer. . .55 .55 .55
4 Eng G M Ltd I 95 94 94 %
10 Eureka Croesus .10 .10 .10
2 First Thot G M 43 42 42
40 Forty-Nine M 33 .33 .33
25 Golden Cent Min 6% 6% 6%
8 Henrietta Silver. .19 .18 .19
2 He.-la Mine ... 14% 14% 14%
68 Kay Copper Cor Zlf 2JJ 2ft
1 Newmont Mines.. 44% 44% 44%
3 Ohio Cop 82 .82 .82
3 Teck Hughes .... 1% 1% 1%
5 Tono Ext 1 % 1 % 1 %
5 Tono Min 3% 3% 4.3%
3 Wenden Cop .... 4 % 4 % 4 %
If the commerce commission lets
this plan go through it will undoubt
edly be the signal for a revival of in
terest in merger prospects generally.
If there is a hitch, it will not be
a good thing for stocks which owe
their present market selling prices
more to merger talk than to earnings.
Money Market Confused.
Ideas of the money market are still
a good deal confused. Some who
have maintained that the increased
commercial demands plus the Autumn
crop-moving will put rates up have
perforce to admit that this is not
likely to he an immediate occurrence.
The latest Federal reserve state
ment revealed that note circulation
was down to the lowest of the year.
This, with the dwindling of gold ex
ports, means that expectations of
higher money must at least be post
poned. The bond market has taken
this view, and prices, while they have
not gone up on the week, have hard
ened during the last day or two.
Nothing much has happened in Eu
ropean finances. Both French francs
and Italian lire have for the present
become stabilized at the existing level.
This implies the removal of the
speculative incentive, which has fig
ured so prominently in the fluctua
tions of recent years.
On the one hand, speculators are
afraid to sell these currencies, realiz
ing that there are American funds
available for supporting purposes. On
the other hand, they are not keen
about buying until the financial ouG
look in France becomes clearer than
it is and until there is more assur
ance about the political outlook in
Italy.
England Piles Up Gold.
The latest Bank of England state
ment showed continuance of the re
markable recuperation which has been
in progress since the restoration of
the gold basis in the last week of
April.
Gold holdings have risen $37,000,000
in the last three months as the re
sult of the endeavors of the English
bank to attract arriving gold supplies
and to discourage exports. These
holdings are the largest on record.
The reserve ratio of 31.85 is the high
est in recent years.
Commodity Prices Steady.
More evidence has accumulated dur
ing the last week that commodity
prices, which declined steadily from
the middle of March to the middle of
June, have stopped going down. This
has been due in part to efforts made
to curtail production and in part to
increased consumption, the two sides
now having been brought together
pretty closely in most lines of indus
try.
- The general business situation, both
as regards the relation of output to
demand and as regards prices, is bet
ter than it has been since the early
part of the year.
tCouyrieht. AB2SA
Prunes $lO Lower
Per Ton Than Last
Year at This Time
SACRAMENTO, Calif., July 25.
Twenty dollars a ton green Is be
ing offered for prunes in the
Visalia district, as compared with
S3O last year.
First crop figs in Fresno County
have been sold recently as high as
$4 a crate.
MARYLAND CROPS
ARE IMPROVING
Corn Doing Well—Tomatoes
Also Gain—Potatoes Fair.
Early Apples Poor.
Special Dispatch to The Star.
BALTIMORE, July* 25.—General
improvement in crops and pastures of
the State is noted in the monthly re
port of the local Bureau of the De
partment of Agriculture just issued.
Corn continues mostly* good to ex
cellent and is growing well, but it
needs rain badly in some localities.
Early corn is tasseling in Western
Maryland, while it is earing and silk
ing in other divisions.
Thrashing Far Advanced.
Thrashing of wheat and rye has
ended generally in the southern half
of the section; it is in progress in the
northern half. Harvesting of oats
continues in Allegany, Washington,
Frederick, Carroll, Montgomery and
Howard Counties; elsewhere thrash
ing is in progress, although finished in
many localities in southern counties.
Figging of early potatoes has ex
tended into Western Maryland. Yields
are poor generally. Late potatoes are
blooming in Garrett and Allegany
Counties; elsewhere they* are coming
up. Planting is still in progress in
southern Maryland and on the Eastern
Shore. Sweet potatoes are doing well
and are being cultivated.
Tomato Crop Improving.
The tomato crop is improving.
Early tomatoes are ripening and be
ing picked, except fruiting in Garrett
County. I.ate tomatoes are blooming
or fruiting, except the latest trans
planted.
Tobacco continues to improve; the
acreage, however, is below the aver
age.
Early Apples Poor.
Early* apples are being picked.
Picking has ended in some localities
in the central portion of the Eastern
Shore. The crop is poor generally.
Early peaches are beginning to
ripen.
CONFIDENCE HOLDS UP
IN TRADE OUTLOOK
YORK, July* 25 (A*). —General
confidence during the week in the
trade outlook was inspired by a state
ment of President Charles E. Mitchell
of the National City Bank that all the
reassuring conditions which marked
the revival of business early in the
year were still present and that a
fresh expansion appeared to be under
way without any* prospect of a strain
on the Nation's credit resources.
Trade news was mostly encourag
ing. Second-quarter earnings reports
of the Bethlehem. Youngstown Sheet
and Tube and Gulf States Steel com
panies compared favorably with the
corresponding period last year and
stimulated trading in all the steel
shares.
WEEK SEES SENSATIONAL
JUMPS IN STOCK PRICES
NEW YORK. July 25 OP).—Principal
speculative interest during the week
centered in the gyrations of the vola
tile industrial stocks, some of which
moved up 10 to 20 points. Mack
Trucks for the first time entered the
list of stocks selling above S2OO a
share, while American Can. which re
cently* attained that distinction,
crossed 210. Aided by* rumors of a
stock split-up. Sears Roebuck led a
spirited advance in the merchandising
issues, which included Montgomery*
M ard. Wool worth. Kresge Department
Stores and a variety of other depart
ment and chain store issues, most of
which sold at new top prices.
Other demonstrations of group
strength were given by* the tobacco,
baking and motor stocks.
HUPP MOTOR TREBLES
PROFITS IN HALF YEAR
NEW YORK, July 25 OP).—Hupp
Motor Car Corporation more than
trebled its net profit in the first half
of 1925 compared with the same
period last year, the total of $2,137,-
720 being equal to $2.33 a share on
the common stock, in contrast to $690-
206 or 74 cents a share in the first
half of 1924. The second quarter’s
net profit of $1,284,757 included $374,-
519 profit from the sale of plant
assets.
EVERYMAN’S
INVESTMENTS
BY GEORGE T. HUGHES.
Why Savings Banks Are Safe.
It is generally admitted that the
degree of security afforded to deposits
in savings banks is as high as cap be
had i*iywhere else except in United
States Government bonds. It may* be
instructive to consider how this has
come about. Perhaps the investor can
learn some lessons from the study of
savings bank procedure.
Leaving out of consideration the
vitally important factor of conserva
tive management and rigid State su
pervision, the first thing to be noted
is that when savings banks invest the
money you have intrusted to them
they do not look for a high return.
The bonds that the law allows the sav
ings bank to buy are the kind that
the get-rich-quick prompter sneers at.
Just now such bonds nearly all sell to
yield less than 5 per cent and some of
them only 44 per cent. When safety
is essential, as it is with these institu
tions, there is never a reaching out
for any* unusual return. That is one
reason why savings banks are safe.
In the second place, because of the
large amounts these banks have avail
able for investment, they are able to
lessen the risk, and there is risk in
all forms of money-representing obli
gations by diversification. The reason
that the small saver cannot get the
half per cent or so that the savings
bank receives with equal security is
that he is unable to buy as many dif
ferent issues of bonds. If by any*
chance something should happen to
one particular security, the loss is
negligible to the savings bank, where
as it might be disastrous to the indi
vidual. Diversification is then an
other point of superiority.
Finally the men who have the re
sponsibility of investing savings bank
funds are trained in their business.
They are in close touch with the se
curity* markets, in closer touch than
is possible for any individual who is
necessarily absorbed in his own busi
ness.
(Copyright, 1925.)
T
NEW ID RECORDS
IN COTTON MARKET
Values Within 40 Points of
Season’s Highest Mark.
i
Drought Big Factor.
By the Associated Press.
NEW YORK, July 25. —New high
records for the movement were estab
lished in the cotton market early to
day when December sold at 25.30 and
January 24.74, an overnight advance
of 35 points and within about 40
points of the highest of the season.
The market was influenced by* con
tinued dry* weather in Texas, leading
to numerous crop complaints from
that State; firmer cables, coupled with
better reports from Manchester and
to increased activity in domestic goods
markets.
The trade, as well as Liverpool
commission houses and spot interests,
were good buyers at the opening here.
On all sides, in view of the absence
of relief to drought conditions in
Texas, there appeared to be a grow
ing disposition to accept the low Gov
ernment crop report figures with more
Confidence than at the time they*
were issued on Thursday.
New York cotton futures closed firm at
net advance of 38 to 4tJ points.
, , Hieh. Low. Range.
July No trading.
October 25.28 24.H0 26 25-28
December 25 44 25.08 25 43-44
January 24.85 24.50 24.80-85
March 25.15 24.88 25.10-15
May 25.44 25.08 25..'i11-44
.Opening: October. 24.00- December 25.10*
January. 24.60; March. 24.90: May. 25 10.
NEW ORLEANS, July 25.—Cotton
futures opened steady. July, 24.40;
October, 24.58; December, 24.68; Jan
uary, 24.68; March, 24.88 hid.
New -Orleans cotton futures closed steady
at net advance of 41 to 43 points.
High. Low. Range.
July 24.40 24.12 24.12
October 24.80 24.50 24.78-80
Dc.-enitier 24.93 24.04 24.90-93
.January 24.80 24.03 24 88ti-.90a
March 25.00 24.80 25.00
( Note: July went out at 9:45 am. as
24.12.)
FIRST BALE OF COTTON
IS SOLD FOR CHARITY
New Crop Shipment From Georgia
Earliest Ever Received in
New York.
By* the Associated Press.
NEW YORK, July 25.—A record
price of 58 cents a pound was estab
lished yesterday* when the first bale
of the 1925 cotton crop was auctioned
off for charity* on the floor of the
New York Cotton Exchange after the
close of the market. The bale carue
from Georgia and was the earliest
new crop cotton from that State ever
received in New York. Sjamuel T.
Hubbard, jr., vice president of the
exchange, was the purchaser,
i A second bale, the first produced
this year from Florida, also was
auctioned off. It went to Thomas J.
Beauchamp for 50 cents a pound. The
two bales were on exhibition in front
of the Cotton Exchange building be
fore the auction and were viewed by*
thousands of passers-by*.
The Georgia bale will be shipped
immediately to the Liverpool Cotton
Association, where it will again be
auctioned off for charity.
SERIOUS 1926 RUBBER
SHORTAGE IMPROBABLE
World’s Needs Appear Supplied,
But There Will Be No Large
Extra Stock.
By the Associated Press.
NEW YORK. July 25. —Crude rub
ber production for 1926 is estimated at
630.000 tons by the Crude Rubber &
Foreign Produce Corporation, which
includes 335,000 tons from British
Malaya and Ceylon; 230,000 tons from
the Dutch East . Indies; 30,000 from
other eastern planted areas; 25,000
tons from Brazil and 10,000 tons from
other wild sources.
This amount it is calculated will be
ample for the world’s requirements,
but while it will not tend to create a
comfortable stock either in London or
the United States, there is no indica
tion of a serious shortage of supply.
BUTTER MARKET FIRMER.
Light Receipts and Good Demand I
Aid Wholesale Prices.
CHICAGO, July* 25 (A s ). —During the
week the butter markets gradually
worked to a firmer position, after
having opened barely steady. Senti
ment early in the week was in favor
of lower prices, and to some extent
that was true at the close. However,
as the week progressed and arrivals
of butter in markets were found to!
be considerably lighter than for the
week previous and the corresponding
week in 1924, the easier undertone
which prevailed at the opening almost
entirely disappeared.
Supplies of fancy* butter on all mar
kets were rather light, and this,
coupled with a more active demand
from consumptive buyers, had much
to do with the development of the
firmer feeling and resultant price ad
vances.
RADIO EARNINGS SLUMP.
NEW YORK, July 25 (/s>).—A deficit 1
of $391,053 for the second quarter,
after depreciation, patent amortiza
tion, Federal tax and accrued reserves
for year-end adjustment, is reported
by the Radio Corporation of America
compared with net profits of $1,928,329
or $1.36 a share on the common stock
in the preceding quarter. Net profit
for the half y*ear was $1,537,276,
equal to $1.33 a share on the common.
SHIP RETURNS IMPROVE.
NEW YORK. July 25 UP).—Sur
plus of the Atlantic, Gulf and West
Indies Steamship Lines for th£ first
five months this year increased to
$920,253, after taxes and charges,
compared with $469,490 a year ago.
This is equal after preferred divi
dends to $4.23 a share on the com
mon, against. $1.22 in the same period
of 1924.
Qatry 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.
Money to Loan
Secured by first deed of trust on real estate.
Prevailing interest and commission.
Joseph I. Weller • r wff
% WANTED! ♦
+ SECOND TRUST NOTES X
Funds available for the pur- J
Y chase of all kinds of second trust ▼
A notes, secured on D. C. or nearby
» real estate. Prompt action In "
every case. ▲
Washington Investment
:and Transactions Co. £
715 14th St. N.W. T
Main 3052 ♦
Your
Opportunity
. 7%
First Mortgage
Notes
We offer a limited amount of
7% notes secured by* a First
Deed of Trust on first-class
northeast residential property.
This is an exceptional oppor
tunity for investment.
See Mr. Kelly—Loan Dept.
McKeever & Goss
Realtors
M. 4752 1415 K St.
14th & K
Offers a Limited Number of
7 % '
First Mortgage Notes
—secured on brick dwellings
occupied by owners. These
investments are unusually at
tractive especially to the real
conservative investor.
. ' 61/2% I
First Mortgages
—for sale, secured by these
carefully* selected high-grade
residence properties:
Quincy Si. N.E SI,OOO
Bryant St. N.E $2,000
16th Street N.W $4,250
S Street N.W $7,250
Ready for immediate deliv
ery*, subject to prior sale. In
terest collections made with
out charge. •
Chas. D. Sager
924 14th St. Main 36
f
We Specialize
in the }
Management
of
Apartments
B.F. SAUL CO.
M. 2100 925 ISth St.
FEDERAL-AMERICAN
NATIONAL BANK
RESOURCES, $14,000,000
1315 F Street
JOHN POOLE, President
When You Have Funds to
Invest, Consult WELCH,
Loan Specialist
Established 1890
6Vi% and 7%
Real Estate Notes for
Sale in Amounts from
$250 up to SI,OOO or
More.
Consult Welch, Realtor
r I.oan Specialist
15th & N.Y. Ave. Main 4347
Reference: Any Bank. Trust Co. or
Title Co. in the District. No loss to
an Investor in 2.*5 years.
First
Mortgage
Notes—
• Secured by
Improved
Real Estate
In Washington
Worth Double
The Amount
Os the Loan—
Interest Rates
Today 6 £ Per Cent
Denominations of
SIOO to $5,000
Partial Payments
Received—
Mortgage Investment Dept.
gHANNON & LUCH^)
713 and 715 14th St. N.W.
Main 2345
FINANCIAL’.
Prompt Action
First Mortgage Loans
Lowest Rates of Interest and Commission
Thomas J. Fisher & Company, Inc.
When You Need a Loan
Think of WELCH,
Loan Specialist
Money to Loan
At 5Vi% and 6%
INTEREST
Before Flaring or Renewing Your
Ist or 2d Trust
Consult WELCH, Realtor
Loan Specialist
Quirk Replies
Reasonable Charges
15th and N\ Y. Are. M. 4346-4347
|| The New York Life Insurance Company |
g ' Offers to Make [|j
First Mortgage Loans
on Improved Real Estate
s In the
ij District of Columbia and Suburbs
j| for 3, 5 or 10 Year Periods
Ij Houses Apartments &
Business Properties Office Buildings
I 5V2%
ON APPROVED SECURITY
I I Apply
| H. Hagner & Gompasht |
Mortgage Loan Correspondent
§ olvenut, &eti/Jw7u~f(ain 9700 j|
The Prudence Company, Inc.
of New York
Invites Applications for
Construction Loans
Long-Term Refinancing
Amounts of $50,000 and over
FRED T. NESBIT
Loan Correspondent
Investment Bldg. Main 9392
j" ' ~l
||
“WHAT AM I WORTH TODAY?”
#lf you invest your money in
OUR FIRST MORTGAGES
you will have an investment
Over a that will not fluctuate, that will
Quarter be j us t as gr GO( j three years
a from now and you will always
Century , j
know what your assets are and
Without ,
r what your income is to be.
a Loss J
j
B. F. SAUL CO.
Main 2100 925 15th St. N.W.
Steady Safety
*
THE First Mortgage Notes offered by us are
non-fluctuating. There is no decline in
price or value. They do not belong to that
class of securities which move up and down
like mercury in a thermometer.
' Every purchaser of our Notes has the com
fortable assurance that he will never be caused
, the worry of seeing them quoted at one hundred
cents on the dollar today and ninety-five cents
six months or a year later.
»
If you are interested in an investment that
is safe and worry-proof, you can do no better
than to consider these Notes, now yielding
Q/i%
. swmutellßheem&Hensey Co.
’=— i 727~/y h Stn?t.
CGdshii^teaUlC
56 Years Without Loss to An Investor.
13
WE FINANCE
—all classes of income-producing: property
Large Loans a Specialty
Current tnt. rate and commission.
Higbie & Richardson, Inc.
| 816 13th St. N.W.
\ 64?
First Trust
Notes
Absolute Safety—Amnlv Secured on
Corner Business Property
Denominations
$100—5250 —$500—51,000
W. H. WEST COMPANY
916 15th St.
Main 9900