Evening Star Newspaper, August 28, 1926, Page 27

Hamb 3s, - Hamburg Amer North Ger F VERETABLES HIGH N CENTER MARKET ,V/{et, Weather Affects Prices. Apples and Melons Are in Abundance. Lima Potatoes, growing the continued wet weat &0 plentiful this, mornin prices prevailed period of several davs beans, corn, t s affect her, we £, <« and ed by re not Nothing short of a sunshine. it stated, will relieve the sitnation. It s stated that th corn “in fields in near and Virginia, hut and muddy that many frained from gatherin corn, sold as low as a few day morning at Lima be: As low as 40 cents today as low as ere M2 by it has heen s nts 15 and 20 cents quoted “this tomatoes sold ts a few Potatoes Are i h varieties of potatoes manded high prices. Swéet pof prohably &carce hecause of in of farmers to d barrel Squash, prices purch offered At the past severul wes and high, selling at bushel. Ten days giad to get 30 cents for There was no sc of eabhage, spinach and Py heing than Carvots were quoted reity erate ~(4 v oa barrel nds of waterme hore, nd Coan W other the hannock Virginia zlutted market. M haulers were in evidence at Munici Mary River. almost them. i ! v duys | were com- tatoes, Ability them, were quoted 1+ hushel, while ne: v white potatoes_sold at $5 and § any sers were willing 1o give this morning K the le, th ia . se tore th demand, at $1 e sup and ome from the Rap| tions of literally 10 an Jish Market the middie of the week, and prices dropped to b cents for the kmallest to 63 cents Cantaloupes Steady. Moderate ¢ supy eited 4hore of Maryland and some from the West. A made a wide srowers are supplies supply Belles white and the | peach e quoted at $ Apples, the most the market, are to be | cing, dealers find move receipts. rections, it ix stated give all the f willing to « upon - for Sonthern hausted. former and her them quoted this moy of fish, it is stated temporary, due to {1 done by the nor'ea along the Atlantic Butter and poultry anged most of ! practically being what they yesterday's amarket const I the s Wholesale tected, &0 old; old ms. hy upplies market fairi Marylane maoderate, hagkels, Vi iz, /158100 4060 hoxes, Cantaloupes nand moderate, pink 125 mostly 8% Lo Ys, pes—Supplies lig sales reported. Lett mand seme ripe no sales 1 plic mark New WA n erat RBig Boston | o Tvpea hest. mostly 225 Colorado, axaMs shepbers tvpe, fair quality and condividn, 3.0 Onfons Supplies light: demand 130T ket fairly ady: Massachu sotts, H00.pound sacks Yellows, U. 8. No. 1. mostly 2 Ohio 100-pound sacks Yellows, 1 No. 1, fair con- dition, 2.00. praches miderate, market Virghyia, hushel very large size, 1.50a2.00 Maryland Suppl slig size, 25 few poor from stendy heing vlenti a Tpound storepacked. 3 liberal: ket fir standard 1 axkets the nta the [ mode mi rang being dej peaches abou by atter 1.75 ers wi laware choice louper astern and rie de- arket, nded the In soma nearhy 1lingly s fo persons who are e ined weels, today's all commodities were at the close of print 3: hes 1 30a32 the M s of Agrienlty nd to eported lght: mostly ht: no moderate; ket xir hily and m conditio Potato Market Steady. i ves Supplies moderate: mand light, market steady: Ne ey 450-pound sacks Cobble No, f. 475048 Sdpet potatoes— Supplies light mimnd light, market steady Catolina, cloth-top siave barrels yel- Jows, No. 1. 7.00a7.50, some fair qual- | #ty £.50: Naney 1 Watermelons mand moderate, market Virginia, bulk per 100 ous varieties selects, primes. 8.00a20.00, most culle, no den Supplies fair! mel 12 nd or irading. liberal: s, 46a nnery, 3: me- 14 shoul- Leef, 16n18; veal, demand steady; bushel | Virginia. | de- Coio s 6 enrly de- onge Dela- edium n low North No. 1. 6.0026.50. | de- Con - Supplies light: demand mod- erate, market stronger: h MERTOWIT, cacked sugar corn, dozen, 25aR0, as. Peas Supplies light: demand mod- erate. market steady: Colorado. 50- ponnd crates Telephones 0a8.00, Cucumbers PRICE OF SILVER. NEW YORK No sales reported. August 28 (P).—Bar silver, 623%; Mexican dollars, 47% GERMAN BONDS AND STOCKS. (@uoted in dollars per million ma; Ger Gt (w In Hamburg $las 1010 (Quoted_in wollars per the v Gen Elec 413« pre-war Ger Gen Kilet 4Yas 1918 Rerlin 4x " pre-var = rman 1] erman Ll vd North Conmola 318 dort' 1% Dusseldort 1% Frankfort a-M Munich 4s pre. Radisehe Anil; AFEGG pre-war 4x prew Commers Disconto Dresdner Beutsche Bank Darmetaedter Tank L Bank Vienna [ mical 2 Rank (G “Haude! ) Be 1914-1K 1100.00 11 8500 1 16 37.00 1950 26.00 3950 a7.00 80 950 126 98,00 e | 26.00 800 800 700 17000 39,00 00 00 41.00 49.00 110 10. 11 10200 de- | 4 heavy; demand | weaker; | Elbertas, | 25 medium to large | Some ripe, soft, low as | Virginia ishel haskets Belles, INANCIAL. ‘BY WILLTAM F. HEFFERNAN. Special Dispatch to The Star. NEW - YORK, August 28.—Opera- tions for the rise made further head- way at the close of the week with the ofl shares. baking issues, and a host of specialties in active demand. The buying which made itself felt In the ofl group was more pronounced than at any time during the week but be- cause of large selling orders overhang- Ing the market improvement was not pronounced. eiter Foster was bid up almost a point accompanying reports of rapid development of the company's hold- ings which has resulted in the bring- {ing in of two important wells during and higher | the past week. Standard of New York advanced fractionally and most other standard issues were hought at hetter prices. b in food stocks on the big somew he Stre; V' YORK. August 28.- -Following 1 official list of bonds and stocks iraded in on the New York Curb Mar- ket today: Sales in INDUSTRIALS hundzeds. High $Am Gax & Bl 9r 8 Huwaan S8 a1 Rahvock RBraill Corp Bkiyn City "an D Gil 1§ Celotex P FEISE H Horn ard ind Rason Cor 2 Leb Pow new Yal ¢ ol it A i Ren 3 Rickenback Mo 4 Seeman Bros. . Silica Gel Vi 1 Serv Bl € 181 ) G & Pow 218 | P& L n nid 404 L P e s Sturze Mo P b2 St mil L 31 21 31 Tex Gul Su'n Wi 2q 70 Thermiod Rad © . i 1 Thomn Rad vte o 10 Timien Axle. . 13% 1Todd Shin 40 2 Trams Lix P 81y 1 Trumbiil 1y 121 118 157 511 Eren 04 Ma B 1 i £ 1 1 Salesin MINING STOCKS. huingreds. 0 o o i Ty 0 M Golden Cent Hawthorne M Hecla Min K per % " S P PETR. —F e ettt S i L 165 % 44 M‘l. By Send. 1585 i fi-nL Peito 2 1 o Ret an | |t0'a new high record for the vear at 1100, where it compared with the previ- THE EVENING STAR. WASHINGTON, D. C. NEW YORK CUkB MARKET - Received by’ Private Wire Direct to The Star Office | board had a sympathetic influence upon the stock in this category dealt in in this market and higher prices were the rule for General Baking is- sués and others. General Motors new atter declining a small fraction rallied with the old shares on the stock exchange, the ad- vance extending a point or more from yesterday's closing quotation. The operation kept on in lehigh Valley Coal sales, carrying the nr|c€' ous closing of 98%. Recent actlvity in Celotex hax been | followed by the report that a special meeting of stockholders has been called for September 4 to vote on in- creasing the preferred stock to 200,000 shares from 60.000 shares and the common stock to 300,000 shares trom 50,000 shares. 1 1 aify o1 2l ne an iR [ T bl | ok Oil T e 1Red Bank onl a2t 3 4 BhiterFouer 01 343 2u M M BN LOROER DB Hom Wy jRashomes 0-¢ 4% 1R T 1 Tide Weter O 2415 247 24 1 Tide Wat Oil pfd 97 n a7 o7 9 Venezuelan Pet.. 84 8 ] B Woordl ot new % 8 v WY’ OM........ 28 28 S STANDARD OIT 18 in un 300 18% we o8 4% 1388 F ) '!llé 206 100 Southern P 281 24" 50 Son W k%- [ 08°0 Ina. !.% fi i 08 © 306 020 T00n Sales in thousands. 5 Allied Pk 83 n 1 1 2 Br i Car 10Gt 18 Git 1 Con 1 Ca l'; Cud Cug # Dul P8 1 1East T ot B 1 3 El Refrig 6s...104 3 104 1 Fla P L0 8 2 @ d N 02y 7% famamnn, £r 00 Ay Ban 8 oody't Blags v 1 Lovaed Bl Bon el ged 151Int Gas B8 wi.. 1211y I'EA 1311 10 Key TCP 3 ol 2 Lehigh P! 9 e 1 3 Long 18] Li 6a. B Lonks inc "t au oR 1 2 Nebr Pow 6. .. 102 3N Or Pub Ser' ba 17 o a7 11Ot 80" Ge A BB% 0B B 4 Pan Am Pet 05/ 102% 1024 1034 1 ark w'Tar e o6 6 o8 4 Penn Oh Ed 68 A 108% 108% 1087 UER AR AN Riy oR 1 Ph tec 6 ‘41 108 108 108 2 Rina Siiliafin 1185 11 al £113% b 3% Ee ’i By a8 8w A P % . Bs. D4 2% fod 108 108 106 1081, 104% 108% 101 % 101% 1011 si 1 lfl} 101 10 0 101 5100t 1005 100 %1002 1600 food 1005 10018 100 s a0 80 Salenin FOREIGN BONDS. thounande. TAntioaua s A.. 023 921 024 5 Antioqua 7s B.. ] 0% 1] Baden 7s 15 948 L cooeoozooTT RESEHEERRA ST ges 8% RE 1, 1017 ta g 28 92 BR of Per 21an wi 1001 100% 1001 § Sanda Fallsas A 96 * 98 * D8 * FOxbay' W ahe ik mrw mea 7 9RY 0R ' 0k 100% 100 100% 210213 102% 1035 987 9RN 987 Ex dividend Industrials Mark Time. Indicating Profes- sional Market—Public Entry to TradingIs Predic.tgd in Fall. WEST, N August 28 Ralliroad shares of the higher class have been the leaders of the stock market dur ing the last week. Among these some notable advances have occurred. The rise in this quarter, whila involving admixture of speculation, a certain has probably mostly represented in- vestment operation. Stocks like Union Pacific, New ‘entral, Northern Pacific, Atchi- son. Great Northern preferred, Dela- ware and Hudson, not to mention numerous others, became intrinsically more valuable during the period of York vears when surpluses were being de- 00 { may repeat voted to extra expenditures for the improvement of roadbed and equip- ! ment, rather than to the increase of | dividends. Investors have recognized this fact, and for a good while past have heen taking up these stofks. The July profit statements given plain testimony 1o the abilit of most of the roads. now that their maintenance appropriations have been cut to normal, to make their net increases correspond to their gross increases. This was something that was rarely seen in the vears between 1920 and 1926. It constitutes ratienal ground for belief that the surpluses | Rs they now accumulate will be in part, at least, transmitted to share. holders. Crop Movement Is Factor. This would not occur, nativall anything went wrong with the crop: or if there were a slowdown in the b volume of frelght business shown b the weekly figures as passing over the railroads. Nothing is wrong with the crops so far, except some local damage to corn and cotton, and. s for the movement of merchandise rates, there is no let-up here and no signs of one. Comparing the industrial section of the market with a week ago, numer- ous advances have occurred in special stocks, while the main body has done Jittle. Judged by the total transac- tions they would show no increase from day to day. The conclusion is that outside interest is not spreadinz and it is for this reason that the mar- ket is described by most critics as a professional market. The meaning of this is that the bulk of the buying and selling originates with Wall dealers rather than with outaiders. A vear ago the public did not begin to flock in until October and November. Some observers think that history itself this year. The principal doubt lies in the fact that last vear Wall Street did not have to face political uncertainties. This vear it does. The Federal Reserve ratio is sub- X K v have street | BIG RAILROAD SURPLUSES SEND STOCK PRICES UP ON EXCHANGE i | organize industry, whi | | | | | stantially what 1t wa& in_the last | week of August. 1925. ‘The 5 per cent | money rate established for standing | call loans this week indicates nothing | except that the supply of funds for | Wall Street nuses has been curtailed | by the withdrawals for the erop moved | ment. For the last four vears, call money has fluctuated over a range between 314 and 6 per cent and whether it i the low figure or the high figure which prevails, has meant_little in financial >aleulations. ‘The immense resources of the Fed- eral Reserve are what count. During this four-year period, changes in the Federal Reserve rediscount rates, whether up or down, have heen made much of beforehand, but have not lasted long as an influence after the. formal announcement- was made. Franc Shows Little Change. The rise in French bonds, which has been the feature of the week in the | bond market, has not been accompa- nied by any change to speak of in| French francs. It has lobked as if | the efforts in all the three currencies | which have been badly hit this sea son—French, Belgian and Italian— | have looked for stabiilzation around | present levels rather than toward | bringing about much of a recovery. The trouble with a rallr in any of these would mean that it might die- has become adjusted to low valuations for its paper. 9 The commodity markets, as usual at this time of the vear. are essen tially: weather mackets. Their fluct ations from day to day depend ve largely on the weather news and how RAILROAD TRAFFIC ATREGORD LEVEL Industry Relieved at\Prospect of Partial Reopening of British Mines. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK. August 28.—Larger freight trains are moving faster on more regular schedule and with more heavily loaded cars than ever before. Car loadings promise to hold the million-a:week mark for some time to come. ‘That gives most satis- factory evidence of the amount of commodities moving into consump- tion and provides encouragement for the continuation of industrial and commercial activity. The trick which has enabled the rallroads to achléve their improve- ment in train ton mileage has been the prompt unloading of cars and quick return of empties to. concen- tration points. Railroad men fre pay tribute to the aid which the regional shippers’ advisory boards have rendered in achieving this. There has been some slight conges- tion at segregated points, but in gen- eral the volume of goods, especially perishables, has been moved with little delay. Relieved at Strike Ending. Distinct relief has heen felt in some lines over the prospect of a return of the bulk of British coal miners to the pits. Resumption of industrial activity in Great Britain, America's best foreign customer, dependent on fuel production. America has not suffered perhaps in total volume of business because of the British strike, but the export trade to Grea: Britain has been any- thing but normal. The United States has sold soft coal to England in large quantities. But the volume of food- stuffs, metals and other raw materials sent there has fallen off. Manufac- tured goods shipments have grown, but it is from raw materials sales that the grain, cotton, live stock and lumber men look for stablilization of their markets. Home consumption is helping cop- per, zinc and lead, although the miners of the red mei ars producing at what some judges consider a rather perilous rate. Distrust of Figures. The recent publication of the Gov- ernment cotton forecast again empha- sized the distrust which both pro- ducers and consumers have of these figures. The plant are confident the estimate is too high in view of insect dangers, and are holding spot cotton for higher prices in many lo- calities. The cotton textile men would like to see cheap cotton but are not making commitments with the price in view which the Government sur- vey would justity. The rains which improved the Ca- nadian wheat prospects have damp- ened the spirits of the American grain growers to a small degree, for it is the world price which American growers can obtain in forelgn mar- kets for their surplus wheat in compe- titlon with Canada which determines the final profits domestic growers will pile up. Roads, garages and showrooms are filled with shiny, new automobiles in practically every section. This indi- cates plainly the speed with which new models have taken hold of public fancy. Automobile part manufac- turers are working on big contracts at top speed and motor manufacturers are pressing schedules through stead- iy Steel Demand Holds Up. The steel demand showed no signs of diminishing as the month ap- proached its close. In fact, prices on some products were distinctly stronger than a month ago. Lumber and other building materials continued in good demand, but the amount of new business for lumber in both the South and Northwest is below the peak of the year and seems to be dropping. Road construction is mak- ing a steady drain on the stock of cement, “The dull tone of the rubber market for some days during the -week has not heen due to slackening of tire pro- duction, but rather to the fact that immediate requirements of manufac- turers have been filled. Refinéd sugar reflected in its weak- ness the large stock of raw on hand, but consumptive demand is expected to increase in the near future. Trade trom other Central American coun- trles is making up for the small loss of orders occasioned by the disturbed condition of Mexico. 1 B. & 0. HAS $1,412,630 GAIN IN NET INCOME July Figures Compared With Year Ago—Road Operating at 16 Per Cent Earniungs Pace. Special Dispatch to The Star. BALTIMORE, August 28 - The Baltimore and Ohlo réports an in- crease of $1,412,630 in net rallway operating income for Ju compared with the corresponding month a year ago. The company spent $466,055 more on maintenance of way and structures than it did in 1925, but curtailed ex- penditures on equipment to the extent of $190,170. Rallway operating revenues of the Baltimore and Ohio for July were $1,731,103 greater than a year ago. For the seven-month period they showed a comparative gain of $9,- 572,198. The incréase in operating expenses for the month was $453,857 and for the seven months $3,347,018. The gain of $6,507,801 in net rail- way operating Income for the seven- month perfod is equivalent to more than 44 per cent on the company's common capitalization. Surplus after charges from January 1 to July 31 more than sufficed to take care of the common dividends for the entire year at the present 5 per cent rdte. 1f the remaining five months of the year produce the proportionate year's earnings they did in former years, the Baltimore and Ohlo should earn iIn 1926 approximately 16 per cent on its common stock. FEDERAL LAND BANK BONDS. it is likely to affect the crop. The next reports for both corn and grain, which will be out early in September, will show further depreciation, it is anticipated. But this is normal for | the month of August. It is an old story to say that gen- eral trade has held up exeeptionally well during this Summer at a time when it is accustomed to fall away. Still, this is the main sustaining in- fluence in .the whole situation, in which the quickening of activity that ordnarily ‘comes in the Autumn may show some éxtraardigary resulits. EMPLOYMENT INCREASES. CHICAGO, August 28 (Special).- Some reduction been shown in working forces in this district during the last month, due to seasonal let downs, but aggregate emplolymem has registered an increase of siightly over 1 per cent. Meat-packing indus- tries, canning and leather industries all expanded. -1 (Quoted by Alet. Brown & Sons. Closing.) 2":":-'.‘";’3'7'-5 Y Ai &y ¥ .1 i i g i1 14 e = g-s R O jtion, with the assent of the Master SATURDAY. AUGUST 28, 1926. DURANT SAYS LEAVE | “SHORT” SIDE ALONE Asserts He Is a “Bull” on America and American Institutions. Praises Coolidge. He’s a “Bull” | l | By the Associnted Press. EW YORK. August 28.—William €. Durant, automobile manufacturer | and stock market operator, just prior | to his departure for Europe on the | Majestic today, broke his long silence | regarding his market operations by declaring that he was a “bull” on + America and American institutions | “and _an admirer of our worthy President and his splendid adminis- tration “For severnl weaks past extremely sensational, and | nmany instances most ridiculous reports of market activities conducted by me have heen printed and scattered hroadeast over | the country,” he sald. “These re- | ports, intendéd to Influence market | fluctuations, 1 was not in a position and too busy to deny. “Apropos of my opinion of the { market, and in answer to many in- { quirers, if securfties are careful which are often influenced by man- syndicate manipulation to popular- selected and represent sound values, ipulation rather than by legitimate ze the issues. Good earnings, good a person if he cares to, may take @ trip to Kurope and not worry about the day-to-day market changes STAPLE STANDARDS lruistier it | _“Stocks lke General Motors and U. 8. Steel need no individual or Europeans to Send. Statement to ' U. S. Early Next Month Re- management, good products, enor- 5 mous cash reserves, sound policies garding the Matter. and practically unlimited resources and credit sooner or later give to such stocks a proper market value |and a substantial public investment following. :‘To the individual speculatively in- clined who is in the habit of follow- By the Associated Press. LONDON, August 28—The West- minster Gazette announces that the | Liverpool Cotton Association has call- ed a meeting of representatives of | IN& the professional bear contingent, European cotton exchanges for early | the following suggestions might be in g,m:!m,r in London to agree on a | order: ‘It you do not think a stock is stateghent to be sent to the United | Worth the money, in my opinion, it Rtated Department of Agriculture re. | I8 safer to leave it alone than to sell garding staple cotton standards. [HSSHOT The newspaper says the opinion i3 growing in Lancashire that the | American Department of Agriculture | in trying to enforce the adoption of | staple standards against the European wish and that the Liverpool associa- GET TRIPLE HOLiBAY‘ BALTIMORE, August 28 (Special).— The governing committee of the Balti- more Stock Exchange voted yesterday to close the .exchange on September 4, the Saturday precedihg Labor day. a legal holiday, thus giving members and their forces a triple holiday. The ;nnl[(n };'srn will be open as usual on eptember 4, but will be September 6. bl Your Banker Knows. When in doubt about a sec consult your banker. It iz equall much his interest as yours to protect Spinne Federation and the Man chester Cotton Aseociation, will sub- | mit at the London meeting a state- | ment entirely opposing the staple standards. Recently representatives of various | cotton associations of Kurope and | America met at the American embassy in London with representatives of the | United States Department of Agricul- ture to consider questions relating to cotton staple standards. No definite | Your savings. You trust him swith decision was reached, as the majority | Your deposits—why not trust him of the rej of the Euro. With your investment problems? pean cotton associations were unwill- ing to take action toward an agree ment. o S. A. L. HAS BETTER JULY THIS YEAR THAN LAST Nine Per Cent Increase in Gross Operating Revenue Shown in Monthly Earning Statement. Special Dispatch to The Star. BALTIMORE, August 28.—Seaboard | Alr Line's gross operating revenue for | July was $4.895.347, exceeding the same month last vear by $406,533, or 9 per cent. This represented the tyenty-first consecutive month in | which an increase has been shown. | Net income available for adjustment ||| ——— WE FINANCE —all classes of income-producing property| Large Loans a Specialty Cuarrent Int. rate and commission Higbie & Richardson, Inc. 816 15th 81. N.W. REAL ESTATE LOANS ANY AMOUNT it 510% RESIDENCE LOANS AT LOW RATES FRED T. NESBIT 1010 Vermont Avenue Main 93! 7% First Trusts bonds $215.840, or $18,067 better {1 T have a fow excellent first trust notes than Juls, 1925. x || vearing 7% for sae. In the first seven months gross revenue totaled $39.900.861, an in- Wm. H. Kyle crease of $5.304.556, or 15.4 per cent. || : T NW. Net income before adfustment inter- | est for the period was $2,1 5 1 65, 2 $290.450 iny excemn of the comparative = T | g e me for the seven montns | First Mortgage Loans was equivalent to 8.7 pe: cent on the Lowest Rates of Interest and Commission $25,000,000 adjustment bonds, or near- | Thomas J. Fisher & Company, Inc.!| | 38 Main 1y $1,000,000 in excess of a full year e 15th_Street interest requirements. - FEquipment and joint facility rents increased $788,887 in the perlod, and fixed charges were $483.851 larger | than in the first seven months of 1925, | HOPE FOR OIL MARKET. First Deed of Trust Notes Bearing 6!,% Interest See WELCH Realtor (Eatablished 1899) 15th and New York Avenue Main 4346-4347 Loss o an Investor in FIRST MORTGAGES FOR SALE 6Y2% THE TYPE OF SECURITY In deno: ations of $250, $500, $750, $1,000 and upwards, se- ed on improved real estate situated in the District of Columbi JAMES F. SHEA iniana Ave. N.W. Activity in Petroleum Shares Gives Rise to Pre-Election. NEW YORK. August 28 (#).—Re- vival of strength and activity in the | oll shares yesterday has revived hop that Wall Street may, yet witness an | old-fashioned “ofl market” before the | bull movement, which has been under | way with few interruptions for two years, is terminated. The ofls Liave made several false starts in that period. but each time | the buying movement has quickly died down, due largely fo the over produetion of erude ofl, which:has un- | settled the industry. { Crude ofl production has increased | steadily for the past two months, but | the price structure has remained | stable beca of record-breaking | gasoline consumption. Most of the big oil companies are making money and outward signs appear favorable, | but there is no telling what will hap. pen to the oils. 1 We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. Should you have Money to Invest we can also take care of you. Our experience, ex- tending over a period of Thirty-five Years —insures vour protection. Percy H. Russell Co. 926 15th St. N.W. RETAIL BUYING SLOW. Rains Have Injured Some Harvest- ed Crops in Fields. NEW YORK. August 28 —Rrad- street's says: Weather and crop .d velopments have had varying effects | on business Widespread and contin. | uous rains have acted to retard the | seasonal trend toward enlarged Fall buying, have injured horvested crops | stiil in the felds. and increased the fear of insect damage to cotton in | the Southwest, but have very gener-. | ally improved the corn crop east of the Missouri River. . On balance, the general trend has been toward improvement, the better- ment in the corn crop in the Middle West, the slightly more confident tone of the textiles, part of this based upon . stiffening of raw cotton due to re. duced crop estimates, and a further acceleration of the pace of industry tending to offset the failure of retail buying, although stimulated by clear- ance sales, market weeks and style shows, to expand as much as ex- pected. ~ Weekly bank clearings, $8,267,772,000. | [ [ RENTS REDUCED DOWNTOWN OFFICES 1313 HST. N.W. Adjo Times Office ROOMS $15 to $60 Fireproof Choice Locations_Available Oven for Inspection BOSTON STOCK MARKET. BOSTON, August ?8.—Following is a list of today's highest, lowest and closing prices for the most active stocks dealt In here: When You Ne?d a Loan Think of Welch, Realtor - Loan Specialist Nows:the Money to Loan ® At 5%4% .,,d"s% Titaraet New Willard Hotel Before Flacing gr Renewing Your ~—Reduced— Reasonahie Charkes. (80 Extran) ebaiplis L Cities Service Company e FEEEIRT Becured by fi Prevailh Joseph 1. Weller g0 BU Real Estate ‘Gold Coupon Bonds Secured by First Mortgages GUARANTEED By The United States Fidelity Descriptive ecircular upon request CHAS. D. SAGER FINANCIAL. FOR RENT Stores and Offices 15th and N. Y. A v Main 4316-431% Before September 1st H. L. Rust Company 1001 15th Street ___Main 6888 Real Estate Loans Maryland—Virginia District of Columbia The Capital Realty Co., Inc. Insurance Bldg. 13th and Eye N.W. L 803 Wilkins Bldg. Main 6189 on s m“!‘l‘ it and commis . o ll‘l.‘f‘ M 1.3 We have .on hand a fund of $200,000.00 for first trust loans on improved D. C. proper- ties. Prevailing rates of interest and commis- sion. Loan Department GARDINER & DENT, Inc. Main 4884 : 1409 L Street N.W. & Guaranty Company Resources, $46,000,000 O YIELD 6% Plus tax refund up to 41 mills “Since 1906 924 14th Street N.W. Main 36 Buying Known Quantities That is exactly what you do when you invest in our First Mortgage Notes “Proven Safety.” “Absolute Dependability” . and “Stability of Medium” and an assured annual return of 61,% ON: & LUCH Mortgage Investment Dept 718, 715 and T17 14tk St Main 2345 Main 2100 A Third of a_Century's Experience More Money from Your Rental Property —would he welcome, wouldn't it? Why not phone us now to give vou the facts and references that prove our Property Management service help you? Our third of a century’s successful expe- rience is vour assurance, B. F. SAUL CO. 925 15th St. N.W. Honses Business Properties RANDALL H. HAGNER & GOMPANY ik 5 || . R. HOWENSTEIN Co. fi:'f fi': 1311 H STREET NORTHWEST The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Eitate in the Dis- trict of Columbia and Nearby Suburbs in Montgomery County, Maryland FOR 3, 5 OR 10 YFAR PERIODS 5Y>% ON APPROVED SECURITY Apply Apartments ce Buildings MORTGAGE LoAN 'GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Gauging Safety HE safety of a security of the nonfluctuating tvpe can well be gauged by the integrity of the house that offers it. A record of over fifty-seven y without loss to an investor attests the integrity of Swartzell, Rheem & Hensey Campcgy. Our First Mortgages are secured by improved Washington properties. Coupled with such a noteworthy record of safety, they bear the lib- eral interest return of 614 7%, pay- able semi-annually always on the day due. Swartzell. Rheem & flemeyCo.. NMortgage Bankers T2T-151h. Street, V. Washinglon.DC. 57 Years Without Loss to An Investor