Evening Star Newspaper, May 16, 1926, Page 43

A FINANCIAL. THE SUNDAY STAR, WASHINGTON INVESTMENTBOND | 20N SuMMARY FOR e e v COTTON IS QUIET; T. S. BONDS, 1019 99e19 Liberty 3158 1982-47 100-28 100 28 100-26 8 36 10129 99-15 }gf?g igé-l 102.26 101-21 Liberty 1st 424-11,012 47,0 }3«. g {:%.1: :figi :‘:g -16 100+81 100-17 Liberty 3d 4148 © 100-29 100-1 3 1021 101+1 10114 100-25 Liberty 3d 43451928 101.12 101-8 101-10 869 BY GEORGE T. HUGHES. 101-29 Liberty 4th 4%s 1933-38., 103.9 108.5 108-7 370 ' D. C. MAY 16, 1926—PART 1. FINANCIAL. e EVERYMAN'S SUGAR MARKET QUIET. | INVESTMENTS | | Frices Are Unchanged. as No Sales | Are Reported. { NEW YORK. May 15 (#).—The raw sugar market was quieter today, and. a8 no sales were reported, prices were |, paid | inactive | Prompt Loans ction weithin 24 hours on requests tor loans on Construction Work, Busi- 1089 101-20 103-7 10810 104+18 108-20 106-9 Treasury %8 1047-53. ... 108+16 108-9 108-13 368 Advantages of Railroads. unchanged at 4.14, dut) Raw sugar futures we " i S o o s ey ks s Granted that the railroad vepre- e inactive | Feature of Week of Financing | st Low. wien. Low. FOREIGN. Close. migh. Low. last.| Market Clo: ”-.. L UIAL . the . Tl mex. | VUM the undertone was steadler. Final | : ! T TR R R T S 100% Topis 1010 P e tha “question mext arises e L i iess propertics, Apartment Buildings % 101% 102% 100% A: tina 7s 1927 101% 101% 101% i A R tion is profitable. In € & nd buyl ; 4 of New England Tel. and 9734 06 196" ‘opts Australiun Govt 6. 1% 100w 100 165 Offerings Are Light—Buy- e | Hubiiass ofi rall [commSsEnu CHKEC Y, clonen and Residences. Lowest current rates 10115 931 1021 100 Austria 78 1943 . 100% 100% 100% 100% . . _ SO IS RO nigue ucattion: The| JU1Y 282 Sepfember ; ; FORANRY. 300 100 100 10" Belcium 13481 D108 106 10T 108 ing Likewise. rutes the carriers may charge for|®in, SRLC G market was auiet Consult Us if You > X thelr services ure regulated by the| Ghe FePrer BuELT Costeniphitel ReKARcIox 0 to 5.60 for fine i T e e T S 10846 107% 1064 107% — 4 106% 108% 106% Belgium 85 19 . Government. PuBlic aythority is nec- iR o A 89% §0 8714 81% Bordeaux 65 1934. . 854 8E% 84% 8% | e e the ralivoads can lay | Eranulated. GEORGE T. HUGHES. 103" 95 104% 100% Brazil 8s 1941, 104 104% 108% 104% | BY the Associated Press. ’ Y ot now track or tear up a mile e i SS P PH Special Dispatch to The Star. 104% 101% 105% 102% Canada 68 1963, 104% 104% 104% 104% | NEW YORK, May 16.—The cotton | 8T8 “pelilision from the Govern: EXPECT PAYMENT phomiececihall. NEW YORK, May 1 Week by | 1087 101% 102% 101% Canada 5%s 1939. 1. 102% 102% 102% 102% | market was quiet today, prices Work- | on¢iy ecessary before any kind of g ¢ = 5 e S week the line which divides invest- |108% 101% 102% 100% Chile 85 1% 101 101% 101% 101% |ing lower under prospects for favor- | FU 1 "0\ be done. The law even| NEW VORK, Afay 15 (@ Chank Founded 190 iy " o activiti i | 110 1061 109% 10715 Chile 85 1941 109% 108% 109% |able weather in the South over Sun-| g oc no far as to set a maximum ing circles in Philadelphia take the 417K S Main 9 ment and speculative activities 1S{y101 105" 79914 107 Chile 831948 108%9 1081 108% [day. October contracts sold off to | Zio,n¢e’ yailroads may earn on their view that the political distu 7 K Street ain 9300 mere clearly drawn. This bas been| 511 401 487 411 Chinese Govt 41% 414 413 [17.44, but recovered a few points in | Troborey value. in Poland will not interfere with th Lrue of the difference between the|100 943 1001 981 Copenhagen Gl3s 99 99 99 99% |late trading, and closed at 17.68. The Tn short, without going into details, business relation between that coun bor \d stock markets for a long |102% 1014 1035 98 Czechosiovakia 85 1951. 100% 101% 101 1011 | general market closed very steady |gvery railroad setivity {8 closely su-| try and Baldwin Lecomotive Works hiin 9 t il > {106 9915 104 1 Denmark 65 1942. . . 10319 104 108% 104 |at net declines of 3 to 13 peints. ervised by the Federal Government. | Poland's net payment to Baldwin is tine; this week it showed within the 195 983 105% 103% Dutch East Indies 65 10414 104% 1045 104% | The opening was steady at a de- | PrrRed U0, " thin iw all to the | scheduled for June 30. when princi bond market it The supply of 1047 98%s 105% 103% Dutch East Indies 6s 1962. 1064 104% 104 104% |cline of 1 to 7 points in response o |, qyantage of the investor. That is| pal of $995000, with interest is du L strictly high-grade utility and |101% 88 99% 9214 French Gevt 738 1941, 981, 99 08 8% |relatively easy Liverpool cables and |ipe publicity which attepds the rail-| Baldwin Locomotive held §3.590,000 in | ailroad obligations is increasingly in- {106 98% 108% 984 French Govt8s 1945 101 102 100% 101%|a more favorable early weather map |roaq operations and earpings. An in- Polish_bonds at_the close of 1425, | - et the demand, but|102% 98% 108% 1011 German s 1949.. i1l 102% 103% 108 103% | than anticipated. Offerings were light, | qustrial corporation may or may not|= E——————— = 4 peculative nature has | 89% 79 86% 79 Holland-Americansf 6s1947. 19 1e 79% 804 [ but there was little buying power, and [ make quarterly earnings sfatements. Money to Loan T’le New York L]fe lnsurance Co purchaser. 84% 81 87% 83% Japanese ¢s 1931. 87 87 864 88l |the forenocon market worked lower | Thoge that do are in the minority,|8eecursd by firet deec of trust on - ho feature of the week was the| #5li 90 95% 92% Japanese 6138 196400 under liquidation by some of vester- | put a railroad must and does make & sw.valling interest and commi 0 M prompt sale of the New England T 907% 88 110 100 Jergens Utd Margari day’s buyers and slight selling, ap- | report every month, and that on forms Joseph | W,[ e h. Trus fers to Make phone and Telegraph bond issue, 89% 805, 8745 8l s 193 parently for Southern account. prescribed by the Interstate Com- ~ — . IVing a 43 per cent coupon. the sec-| 89% 80 874 81 The official Western belt forecast for | jerce Commission. ond long term utility obligation to be | 1094 1028 109% 106% Netherlands 6s 1 . fair weather with rising temperature | The result is that the investor in lrs 0 a e oans Wit out at so low @ rate since the| 81% 701, 784 731 Paris-Lyon Med 65 1958 was in line with the more optimistic | raflroad securities can keep in touch -, The first, marketed in January, }«1:7)»1'. 1011 106 104% uuvenmng 65 \;ul :;‘e“ ‘;1; !MhWfilher outlook. While | witli the financlal progress of the On T for the account of the Common. {1126 109 118% 110% Quecnsland 7s 1941. . was thought that predicted showers road in which he is interested, i n Improve al i istri & i Edison o, Success of both| 98% 93u 102 % Rio de Janeiro 8s 1946 1 REe T bole CTeN: b G o ol 30 days.. He miy Wriew For First T““t.l'“‘m 80N P by f se"ll I“:}e ol D_'Amd 9f\(,f>lumbxa 5 in sinificant not only of the [104% 100 106 + Sao Paulo, State of, 83 193 panied by slightly lower temperatures, | if he will just watch which way the Immediately Available and Nearby Suburbs in Montgomery County, Maryland. ss toward refunding tstand- | 92% 821 90% Seine, Dept of, 8. the outlook for additional mofsture [current is flowing. If net income is| Construction Loans Also FOR 3, 5 OR 10 YEAR PERIODS obligations on a lower-yield basis | 92lu 84% 933 87 Serbes, Crotes, Slovenes 8s1 in that quarter was considered fas|falling off he knows he must be on Reasonable Charges and 8 Tomething which has been going on|106 103 106 4+ Sweden s 1939 5 . 104% 104% 104% 104% | vorable his guard; if it is gaining, on the Quick Action July contracts sold off to 18.25 and | other hand, he understands his posi- December to 17.51, active months |tion is being made more sure. N. L. Sambury Co., lllc. showing net losses of 10 to 20 points Only in the public utility fleld is 1418 Eye St. N.W. in later trading. last prices were |there any comparable safeguard for L) l(:r;l points up from the lowest on | the investor that Government regula- = - covering. tlon and enforced publicity provide British labor news indicated satis- | for the investor in railroad obliga- WE FINANCE factory progress toward normal, but | tions. And as the utilities are State | [| —al! classes of income-producing property Liverpool was slightly lower than |supervised, regulation is not uniform a Specialt due. Private cables reported some | the country over, as it is with the peclaity “;lld. c"":;"ll‘ offeet by local and Man- | railroads. _H"‘l"l““ int. rate and commission chester selling. Finally, it is possible to go back l'lbn' s rdson The amount of cotton on shipboard | over the records for & longer period & & .R'd" i Inc. at the end of the week awaiting |of time with the rallroads than with 16 15th St. N.W. clearance was 91,162 bales, against |most of the utilities when one wishes e 81,952 last year. to ascertain how any particular prop- The government report, placing [erty has fared in times of depression. second T t last year's cotton acreage tnder cul- | Railroading is an older ndustry than rusts tivation us of June 25 at 48,090,000 | electric light and power, which 18 its |} ¥ have some cholce serond trasts for and the area picked at 46,058,000, | chief competitor for investment favor #.::m-_“ purchaser better than 20 with an average yield of 167.2 pounds |in these days. 102 108 1014 e et e KM. H. KYLE e - 1410 G St. N.W. M. 662 Apur!mcnt House T NEW PRICES TOMORROW. BUTTER IS STEADY. |substantial Cuts in Sheoting |, @, Cut clon acor s | Bt i Unsettled Undertone Prevails in VAR i%f{:;‘;:& 58 iy o Lt | —are the basis of our NEW YORK, May 15 (P).—New |pp, e o o1 Soms ?““mf‘ Now. prices on 4-4 bleached cottons and :':X‘Efi."‘lm 025: :;c“ll:l""‘?l 2 itce. of i s | V\lanagement service to CHICAGO, May 15 UP).—The but- | wide sheetings will be announced Mon. | tion, to_cull in, redeem wnd pay all of raid | apartment house owners: with interruptions { sur or five | 106% 1001 104% Swiss 5bn 1948, sars—but of the advance the more (119 115% 119 1174 United Kingdom 515 1929. osperous public utilities are making | 107% 104 106} 103% United Kingdom 5las 1927, 6 the point where they can finance INDUSTRIAL AND MISCELLANEO heir needs_on vasis as advan-|104% 94t 105 103% Amer AgriChemical T3s 1941 {ageous as thut open to the railroads | 99% 854 101% 99 Amer Bmelt & Ref 1at §51047. in the same class. 10735 103% 108% 107 Amer Smelt 15t 88 1942.. ... 1 103% 991 1054 102% Amer Sugar Refining 63 1957 Insurance Firms Buyers. 1’975, 96y 98l 967 Amer Tel & Telcl tr 451929, Fhe market for the utility bonds is|102t 100 103% 100% Amer Tel & Telcl tr 5s 19 . «ill closed to the savings banks in1101% 991, 10414 101% Anaconda Copper 65 1983... ome ern States, notably New [106% 100 1074 102 Anaconda Copper cv deb 7s 193 York, but the insurance companies| 91 85 92Ta 90k Armour &Co43451939.... . 92% 924 9% are constant buyers of these obliga-{100% 97% 102% 99% Atlantic Refining deb fons and the demand Is fully equa?|103 100% 103% 100% Bell Tel (Pa) ref 5s 1 10 the supply 94 90 984 92% Bethlehem Steel pm Government bonds and the high-| 97 93% 99% 95% Bethlshem Steels vade rails shared favor with the|11lk 105 109% 105% Chile Copper 681932 ‘ilities. One of the Libertys reached | 9814 78/ 86 784 Cons Coal (Md) 1st ref 6s 1950 new high for the year and several [102 94 100 97 Cuba Cane Sug ov deb 8s 1930. < the firct mortgage railroad bonds (108} 1063 108% 1074 Detroit Edison ref 6s 1940. s ancing in this 100 94% 974 93 Dodge 65 1941. 1014 Empire Fuel & Gas 7135 1037 1947.. ON APPROVED SECURITY Apply RANDALL H. HAGNER & COMPANTY, MORTGAGE LoAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Houses 1 Apartments L Business Properties 2 0 Office Buildings ‘ lid the same. is on a s ale. lustitu- | 106 9T¥ 1ol bond buyers have difficulty in | 106 100 eting their requirements and it is {111 107% 2 question of time before indf-[121% 119 \al investors will be forced to take | 102 99% 108 101% Hunible Ol & Ref 6%8 1 igations not quite so well secured | 1044 101 104% 102% Indiana Steel bs 196 Wish to keep up the average| 911 82% 9914 84% Inter Mer Marine 6s 1941 vield on their holdings. « 95% 874 95% 914 Inter Paper bs B 1947 Outeide the giltedge class bonds|110 1015 116k 1084 International Tel 5s rets. most sought for have been some of [109 90 108 103% Kelly-Springfield 8s 1931 Is and some of 89% 100 964 Lackawanna Steel 68 1950. roups the demand ¥T6 103% 99% Liggett & Myers 691951, ter market today appeared steady at|day morning by leading factors, and f = 97 108 98' ManatiSugarsf 7381942 unchanged prices, although an un- |t is expected that the substantial|§f the & st Co.. With the knowledge of s been selective. P'robably there the ofl Wst 98 p. At 99 103 in the 112 7 { producers | 1044 100%; hg published have made an| 99 95% s who do not | 108% 106 settled undertone prevalled in some |reductions from last lists will be made. | "*ii'o¢ i ! - bes 2 quarters. = Supplies en dealers’ floors | Gray goods markets continued quiet | T {0 o | how best to handle leases. Were ample to meet the demand, |as the week closed. Wash goods were | & - TR sy A 3 & . although buying interest was center-| in a little better demand. Rayon | (Seair Hatk di'h i maintenance and collec ed_mostly on 90 and 92 scores goods were cut in price to move| , B WILLIAN tions, we attend to every The centralized market was steady | stocks. Burlaps were but little - = ! faa 4 ke with onlly 88 and 89 scores available | changed for the day. Reports from detail. Our charges are 935 Midvale Steel 55 1936 New England Tel §s 1! N Y Edison 1st 61385 1941. N Y GasE L H & P 55 194 Y Tel 448 1939. Y Tel 65 1941. North American 8713 are more oppol now impression usually accent les naving to do |10 9674 X A n 8 with the oil industry | o 93% acific Gas & Elec bs 1942... for trading. continental linen centers Indicated i H s i { . P 1005 sas 9874 Pacific Tel & Tel b8 1952, RLEERION ove. BN 00 o I e e ot b o (e moderate; the profits we 1105 101% 105% 103% Philadelphia Co ref 6s 1944 90 39: 89 e, 38: 88 37 3 3 - . i A he search for railvoad issu 101 95 10412 100 Public Service 68 1944. 104 104 103% 87 :‘"’:‘; o8 e 3 score, k;:;‘t loxadg{!"ht‘ldlelnmnd'cornhnueg fit- secure for our clients uni- ing out of line is more di O5% §8 97' 98% Stnelair Oil 151937, 95% 96k 95% ; ) 38, : onal lines of fancy dress . Srwe : be_ successful the buyer must 120 1067 143% 131 Skelly 63%81927.. 4 Y 136% 131 "‘,:';;‘:fi:d;’&”"“' 3614 80 score, | goods are beius shown In samples bY ||| fan Any Other National Wk ! formly satisfactory. ook some technical defects 106% 102~ 109% 107 South Porto Rico Sugar 7§ 108 101% ; , 36%. some Passaic mil Y ‘ have held back the price of a par-|104i6 100'i 106!s 103% United Drug 65 1944.... . 106% 105 n Washington | 94% 94% 904 Interest on DAILY Balances . - . Come in and let us explain Commercial Nat'l Bank 14th and G Streets ® lar jesue up til now. For exam-| 911, 85 95 91% US Rubber 18t & ref 58 1947 Jle, one of the leaders this week W 108 104'; 108% 106% U S Rubber 7 930 . funior railroad bond amply protect-|106% 1041 107% 105 U S Steel s f 58 1963 “d by property value aud ecarning| g3, 91 98 95 Utah Power & Light 35 1944, power, hut b jcaped by the fact{11z 109% 113% 111 Western Union Tel 6%5 1936 an open mortgage (100 91% 101 98% Wilson & Co 15t 68 1941.....u 0 Financial Highlights of Past Week Brought Out in Nutshell by Statistics Main 2100 925 15th St. N.W. that_there W ahead of it under which new financing | : = vill be done. ’ RATLROAD. NEW YORK, May 15.— Resourees $17,000,000 Sl o 1o g BN g gy S et it gV e cowaex povarmves. Really Personal Servi ke had o a moments “| 941a 89 212 Atlantic Coast Line 1st 48 195 gh. Low. High. v 2 N A N. PRESIDENT effect upon foreign bonds. 9u: 8644 894 Balto & Ohto gold 943 Stocks (average of 50 issues) 116.60 115. u'.,':l | ea y eerce d Kingdom obligations improved | g5 891 94 Balto & Ohiocv 438 1933 This Week. Last Wee what, but the continental coun-| g4 8pe, 9315 Balto & Ohio ref 55 19 Bonds (average of 40 fssues)....... i AR §7.37 If you are alone— 102% Balto & Ohio 68 1929, Foreign bonds (average of 10 issues). . Tl 10836 10343 If you are inexperienced in financial matters— If you have lost in speculation— If you are seeking a Triee obligations were not helped. {108, 1021, k which the Italian IM\: 835 follow- | ggi. 958, ndicate, | v 8%t ) e s Vi turbing influence. It is in- | 17ga 116 Leresting to 1 aek. Last Week. Year Ago First Trust Moneyi " This Week.' Last Week. ON HAND .3l to4 35 to4 o L4 todl. 4 to4y,| ~—Available for Both 8915 B& O Pitts LE& W Va 48 1941. 98 B & O Southwestern Div 6 cfs 50 9214 Brooklyn Manhat s f6s A 1968 117 Canadian Northern 8348 1946 8014 Canadian Pacific deb 45 Federal reserve ratio.... ste that there .u’c\!v“\l\(' 81% 79 R isted and dealt in on the New York| g9 g6l 89% Central Pacific 45 1949. Month Stock xchange bonds of three large | ggi; 9450 9714 Chesapeake & Ohlo cv 43S 9 ronthof [Montiof Building Loans and D ontinental European countries, all| gs° s714 95 Chesapeake & Ohlo gen 4%s 1992.. 98% 96% 5% Ui steel < e aa - 3 1 SHh T ber cent coupons and al yay- 102 {12t Chesapeake & Oblocysa10ds... . 128 136 128 anien sl osdera. . e +445.5651 Completed Properties Safe. ependable and Remunerative ble, principal and interest, in dollars. 51% Chicago & Alton 3%s 1950. 1032 '632 & ote, 5 s | Building permit b | Reasonable Interest nd Itallan 7s sell at 1028 Chi B & Quincy 1st ref 65 1971. Number of citie $40 Investment and Commission French 7 practically the same price to vield just 731 Chi & Eastern 11l gen 58 1961..... 77 1% 18% Am D sea0.37 . e Inder 8 per cent. German is sell 1 643 Chi Great Western 48 1959. ... ] i SFSUETE 947641 $479,533.247 voints higher (o sield about 675 re 484 cni M& St f‘fl.ulc\"?; 1033 . 1 1,984 - JAMES F. SHEA cent. The discrepancy is striking. 90% Chi M & St Paul gen 438 19 Liabiliti e * %a AR S ; . : . e break 5 Prench and : : S 5 iabilities H $38,487, $36,622,547 37,188,622 sk 1 y f f lialian exchenges, that has: hardy B e T i All commoalties ..o ... st 973,304 981,711 sional Investment Specialists. They will show you how your money can make you more money, and will Chicago Railways 58 1927. . Chi R 1& Pacific ref 451934, fore the slump i 941 Chi Uniou Station 414 1064 2 . g 1157 Chi Unlon Station 6156 1963 Polish Bonds Sold Off. 7614 51" Chi& Weatern Ind con 48 195 {he revolutionary disturi in 108% C.C G & St L ref 65 A 1929 \ere reflected in a 105% Cleveland Term 5%8 1972 fnovement in Polish bonds. ~Informa: Ot Colorado & Southern 438 1935 as to the meaning of the trouble o Caba BT ER10E2. .« = as too vague, however, to allow 10078 Delaware & Hudson 648 1937 of any intells conclusions. N S6t% Dem & Rio Grande con 48 1936. londs have r 35 62 D&RG West 55 1955 yis@ basis thau any other lis o > )% 90 Detroit United 43%s 1932. ign issue, and S0 they were su 743 Erio 1st con 45 1996, bis o adverse news. Considering all 64 Eriegen len 45 1996 65! matter of fact, the de- honds came be- the exchanges. T'orest products Coal and coke .. Miscellaneous products .. Ore . . Live stock % 1926 TO DATE ON THE WASH- INGTON STOCK EXCHANGE. Furnished by W. B. Hibbs & Co. : Up to and Including Friday, May 14. BONDS. Open. High Low bonds. line in the It also explain the ideal investment points of our We Will Loan at 51 % Economic Conditions Tyler & Rutherford Loan Correspondent of the Mutual Benefit Life Ins. Co. First Mortgage Notes No Risk—No Loss—No Worry T'wenty years of investment service without loss to a single client. Mortgage Investment Department HANNON: & LUCH, 713, 715 and 717 14th St. N.W. c the Iburopean & 59% 6 68 Eriecv4s A 1953 2% wation, the rprising thing i 6! 734 Erie cv 4s D 1953 79% | $9,000—Ana. & Pot. River R. R. 1st bs. 95 951, 7, O . 8,000—C. & P. Telephone 1st 6s. 10015 10 100% Newark, N. J. ihat the bonds seil down, but tk 54 97% Flali C6874.. hey held up as well as they do. 1081 106% 10676 Grand Trunk 6 £ deb 68 1936 1t ix still "n‘\:‘l (:‘1‘.:: 2;11:&1: :gmr“.l\,s ‘?g‘. 1;;: 114% Grand Trunk 7s 1940. uth American municipalities, oy are no defanlted foreign iss - e v bought and s g . identally, the wneet increasing favor 9:800—C. & P. Tel of Va. 8s..... 3 ‘ 147,000—Captal Traction ist oS : i 150% |1 1018 Vermont Ave. M. 475 Main 2345. 3,000—City & Suburban Ry 1st 5 5 16,500—Georgetown Gas Lt. 1st bs 11,000—Pot. Flec. Power 1st G5 §0.000—Pot. Elec. Power Cons 9,300—Pot. Llec. Power Gen. & Re! 85% Inter Rapid Transit cv 78 193: 131(2)3::%)\9351\1.“;39 e ;l;z.n\e'ir.‘ htoa: of the an 3 A “nan 4 - . 9% 2 2 . : cast two nmew high records were| 33 go 783 66 Inter & Great Norad)és1%2... 1/000—Wash., Alex. & Mt. Ver. ctfs..... £ & : L e eached this week. one in a Brazilian 93 89's Kan C FtScott & M ¢s1936. . 2°000—Wash., it o . 23 3 : e S Sow S EmuimCriSeowdMistie . 850 90 g2 g coeo—wask Baite, & Ana st e e ‘ 5 ol o T and one in a Colombian bond 5., 48l 90w 92% Kansas City oButhern bs 1950. 98 98% 984 58% | §9.100—Wash. Gas Light 0s. There is no change in the 97, 9o ASBEKEChgreaNinn, 8% | 132,500—Wash. Ry. & Elec, Cons, 4s. o L o 974 | 18,000—Wash. Ry. & Elec. Gen. & Ref. 6s - 3 98% | 3.000—Dist. of Col, Paper Mfs. 1st 6s... Y 5 VIn s 10/500—Southern Bldg. Co. 6Rf...... e i ! ! situation or in the trend of commod ity prices, the two factors which gov- S oswe 9% 96% Lake Shore 48 1931. 109 95t% | 9,800—Wardman Park Hotel 6 STOCKS. ' long-term mwvements in bonds.| 970 gUY gge 933 Louts & Naeh unified 3,968—Capital Traction ....... : i A i ? e e o w | I akes a Napoleon to ‘Uhe moderate business letdown which ¢ 9% Tow 10813 Louis & Nash 15t ret 6338 flle’ stock market apparently expects | 1087 3050 “9g™ gow Mil Klec Ry & Lt 18t ref b8 61. s “not_pronounced enough to have | 9278 OB 104 102 MStP&SS M 8ke198L.. ence on the bond market. 2" “§7% 84% Mo Kan & Tex 1st 481990 ; vesult i5 u falllng off in the .. 95% 904 Mo Kan & Tex adj 5319 1akings of money for commercial pur- g6 101% 96% Mo Kan & Tex prln 5s A 18 i 1% 100% poses, all of which works to the ad-| & §o1 2% 66 Missouri Pacific gen 4s 197 697 72% 69% 185—Wash, Ry. & Flec vantage of bonds. Nor, notwithstand 908, 100% 98% N O Tex & Mex Inc 55 1925. 100t 100% 100% 2,373—Wash. Ry. & Elec. pfd. ing amother surplus of lnpor s U5's 98% 94% New York Cent deb 48 193¢ e ) et at o BES S ST ERERER Make Circumstances I T bulls, as to 4, common to medium, & here any indication of an outflow | 95 35" 1054 1018 New York Cent ref tmp 65 2 | A.r'aol_t}w\; )u"l‘]\: \:;;u‘ll:\dl‘x?ll'x\.x\!:l: “(‘Y_lo(x’(‘l}ll & 0875 108% Q W‘{gkfi;fl:::z@;s 1936..... mjl)h 108 107% © 260—Commercial National Bank.... | verwhelming SUPPIY of money seek- Sawtvanuiv e 81, oo .62 ch e 76—District National Bank.. 1 : g g | e o N T Went & Bonton 4548 1960, T4 as oy 8)7Vederal-American_National Bank. é iR ¢ o “Iie best we average h can d ‘ AEIE ! GO e o s 4% T4% 73% 93— Liberty National Bank ...... *E I~ LOPRIepeee BALTIMORE LIVE STOCK. | 92 02l s2y 10—Lincoln National Bank . ourselves against adverse contingencies. To that end . o 6% 1‘;:}’{,’;;2”{.‘}:33‘135‘;}:,"‘;‘ Bank 85 ; . ! a definite part of the contents of your salary envelope | BALTINORE, May 15 (Snectallc | \ouw 10488 158, 061 Ore Shnort Line rof 48 1626 ... ] 10—Second Natlonal Bank......ccc..s: 2 : should go into bank EVERY PAY DAY. Steady under falr activity, receipts| 98 13;,; 107" 105% Ore Short Line gtd be 194 9 G;A—\A&’a!hlh:lglog Nal&on:: _;l:“l; 3 A ey KA The Metropolitan is paying interest to an_ever- Fenerally of top grade stock being | g 83% Ore-Wash 1st ref 4s 1961 zxg:cgify::n':ns;‘:nsg . growing family of savings depositors, and invites slow. 216-——Continental Trust ...... J ) - . VT 60—Merchants’ Bank & Trust. : vou to become a patron, right now. e maniad ot fuh values, but | 185 J0ot 118t 111% Penneyivania 61491936, ... e §0—National Savings & Trust Oldest National A : D6t Hach call foriold shee. ' 1;_1_“ 318 35 Peoria & Bastern inc 4s 1990 412—Union Trust o ;235 ., Bank in the One Dollar or More Will Identify You With Quotations today at Light Street | o1rs S e U WO Jan R T ! . District of Columbia Our Savings Dept. B i iga e 9416 Rending 438 97. . e « 30— Waghington Mecl f eel e, first quality, pound, 8a ] 96 744 Rlo Grande Western ¢lt 4s 194 1—Firemen’s Fire Insurance. 2 23 22 i O U .l 5 30 P IR = - pen Until 5: .M. Monday, May 17 . 887 RIATk& L 4%81934... choice to fancy, quality, 4as; cows b 2 ) g 39% StLIM&SR&G 45193 : 20—Real Istate Title... 5a6: common to fair, 3a4; oxen, as to 2% Bt L & Ban Fran prin 4s A $3-D. C. Paper pfd quality, 4a8; wmilk cows, cheice to| T § 2 fancy, head, 50.00a76.00; common to 5t Sl e e UL TR 9 5;,;"373‘&;35;1’.‘"3{"&‘}2”2"5.”“9 2 4 falr, 30.00a50.00: culves, veal, choice, |101 4 y 2 ‘66—Mergenthaler Linotype, new a lona pound, 12; ordinary to medium, 9a10; s rough and common, 7a§; small cull 694 Seaboard AirLine ref 4s 1959 i . 18- h"&?"'\g g{'ag.m:ogt“ Lo Gal. sheep, choice, 0ld bucks, 5a 76 Seaboard Afr Line adj bs 1949. " 1—Security Storage : common, 3ad: lam| pring, choice, 91 Seaboard Air Line con 8s 1945. 40—Washington Market 5 - 18: fair to good, 16a17; Fall, as to sizo 9674 Bouthern Pacific cv 45 1929.... » §0—Federal Storage pfd and quality. 10a13: hogs, straight, 12a 851 Southern Pacific col 45 1949 20 739—Merchants’ Tfr. & Storage ptd e D L TR . on 90 Houthern Pacific ref 451955, st are garithater, ol c: oL i3 E y 2 ' live plg ; shoat 9. g:u gou::erg zy 130:164511’9’5‘8, % Rw Samt 74-—Peoples Drug pfd % 2 o 2o - b 7% 1 jguthern Ry 1st 58 s . ¢ 5 2 rganizec 112 | 10415 1005 107 % UNLISTED DEPARTMENT. g & - 117 112 Southern Ry dev 618 1. 3 Xk - b STEEL ORDERS GAIN. 118 106% ‘l,57 A6 Third Ave ad) o 1960, . 0 ‘(‘ilxm Sales. ISSURB. Open. 2 . in 1814 Years Old k| 519 $0ts 95w 921a Union Pacifle 1st 4 1947, 95—Chapin.Sacks 8% pfd. ... 2 { |ng.ku£ fabric: e:!d rlfilura'l steel this 98 99% 1‘.1711(0!1 Pml}“: cv 4s 1927, - 4—Chapin-Sacks 7% pfd . . 0 c‘ . l ] U di d d P fi OV week were considerably above aver- = 9% Virginian Ry 15t 6s 1962. ; 6—District Title Insurance.......... 1 2 800,000. asge, totaling 43,600 tone, \\'hi(‘hkx:mie 18.;1 138“, 101% Wabash 15t 55 1939 % 108V H - 9 9° apial, Surplust & Lindiyideck tronts Lver $1.800.000.00 (ip for a couple of lean weeks re- 5 993 Wabash 518 75.. 25—Raleigh Hatel Co. ; PO! ite | {omtly. The uverage for the last five | o3° o3 6% West 7114 30—Depattmental Bank...... . 1% 2 7 15th St., Opposite U. S. Tre‘.'“ry 10—Northeast Savings Bank . = weeks was only 11 per cent below the T —————— —eeeen] Cgin Losi e UL R O ' ’ L T O L R IW YORK. May 15 UP)--Book | 51% 344 SGar previous average since the first of the Ht 4 e e * $1,000—Metropofiten Club 47