Evening Star Newspaper, July 12, 1927, Page 11

FINANCIAL. MONEY TO LOAN First and Second Mortgages PAUL D. CRANDALL Investment Bldg Room a1 Main 8399 AT WOODRUFF'S in of the Highest Quality and it costs vou less Men s Suits, 95c Money Available for FIRST DEED OF TRUST LQANS | Prompt Repliesto Applications | JAMES F. SHEA 643 Louisiana Ave. N.W. 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 your protection. Percy H. Russell Co. 926 15th St. N.W. Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Checking Accounts Savings Accounts Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Checques Acceptance Credits Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER, President Capital $1,000,000.00 D51 Reserve Dist. No. 5. e N roRt OF CONDITION o the Franklin National Bank Washineton. in the District of Columhia. A aHi0s 0t business on June 30. 102 © counts hanks ex- sold of iding v ceptances of other and foreign bills of change or _draits with this bank Querdrafts. unse S. Government ties owned Deposited to e par value) § b AIL other T S, Govern: ment cnvities | 209.016.10 S2M0I8R0. L e 705.270.00 Stocks. e Other bonds. 204.586.30 24838923 7.386.30 .. Lawfui reserve with' ¥ed ‘eral Reserve Bank. . Tteme with F Re nive Bank process o1 ‘collection h in vault 3 = 28.801.21 due from hanke frust comanies ‘In 1} Tntted 8 bther than included . Ftems 89 and 10).. Eschanges puse . Checks on the same 14 Tenort than Ttem 1 Amount banks, t 75.801.21 | T - ] nics in town (other aChecks und dra hanks (including eral Reserve Bank) cated outede of town | of hank - b Miscellaneans cash tems Redemption fu: 13 LIABILIT ~pital stock: paid in Tund 000.00 000.00 63 20.407.65 217.900.00 fating notes outsta 165.650.50 11.110.32 | Special Dispateh to The Star | operations on the Curb | the | significant | 1ating la forerunner | combine, | For | Wash” Rwy. | Washington | American i | (Quotations furnished hv W. B, Hihbs & Co ) MANY NEW HIGHS ON GURB EXCHANGE Interest Centers in Special Stocks—Ford of Canada and Cuneo Press Up. BY WILLIAM F. HEFFERNAN. 2.—~New high in today's change, but stocks was by no It centered in issues for special NEW YCRK. July records weve numerous demand for means general which were being bought reasons, There was nothing partieularly about the rise into new high ground in Ford Motor of Canada, except perhaps the volume of shares involved. This might have indicated that powerful interests were accumu- the issue in anticipation of some impending development affect. ing the Ford company as a whole. Durant Motors and Stutz Motor were more active at somewhat better prices and there was falk of the formation of an investment trust involving low- priced motor stocks which might he 10 another large motor The demand for Cuneo Press com. mon, which carried it to & new top, was coincident with the report that the company was about to receive a large contract, which would mean much in the way of future earnings. the strength of American Road Machine common at new high prices for the vear there was the report that a plan was under way for liqui- dating accumulated dividends on the preferred iseue. Universal Leaf To- Lacco was another to reach a new high, moving sympathetically with strength in the tobacco shares on the big board. A sudden demand for Madison Square Garden shares found the mar- ket bare of offerings around the pre. vious closing level, and the price es- tablished a new top above 211 The public_ utilities and oil shares as a greup did little, and gains and losses were intermingled. The feature of the bond division was the heavy selling, which carried Warner Bros. Pictures 6128 to & new low record at §2. At the same time the common stock equaled its previous low record. Electric Refrigeration 6s encountered support and rallied to the present level, but Servel 6s continued under prescure at bottom prices for the year, while the stock declined to new low ground. Washington Stock Exchange SALES. Washington Gas 6 B—S1.000 at 108, 00 at 1 apital Traction Co—~5 at 105, 10 at 10 at 105 : otom Electric pfd. fis—2 at 108 Potomac Eleciric pfd. 6 s—10 at 1017 130 IO T 10T 072t 102,10 ai 0 al 2. Lanston' Monotvoe—15 at 89%. AFTER CALL. Washington Gas 6s A—$100 at 1031, ssmmingian Gis 582000 "t 102, ihington Potomac Elsc. pfd. 0s—10 at 108%. Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid & Telsa. 4o, 003 & Telga. u,. 100 pe.. 10385 American Tel. Ame n el Am. Tel. & Tol. ctl. 17 Anacostia ‘& Pot. R, R. A Pot. guar. bl Va. R. & Suburban 5 Gas 1t Bs. Bs. o Ao a M OV B AT E Vel Balt, & Anhav. bs. Gas G, serien Ry, & Eloc. 45 Rwy. & Elec, zeu. 05. Barber & Ro Chestnut Farm Inc. . C r Mig. Os. Joint. Stock” uthern Bldg. 61 Wardman Park Hotel 53as.. PUBLIC UTILITY. Amer. Tel. & Tel Cabital _Traction Washington Gas Norfolk & Wash. Potomac Elec. pfd. 5% Potomac Elec. pld. 6 Wash., Rwy. & EI & Elec. ptd. NATIONAL BA Nautional Capital. olumbla mmercial American Security & Tru Continental Trusi Merchants' Bank, ational Savings & Tnm nion Trust... ... Wash. Loan Bank of Bahesda Security Sevently Toited n Union TITLE Title... . ate, Title. Co. of M MISCELLANEOUS Barber & Ross. Inc.. com Chevy Chase Dairy bid Commercial Nat'l Co. D. C. Paver vfd. Federal Storage i Federal-American Fderal-American pfd. Lanston Monotype. . nts’ Tran, & Storaze ants’ Tran. & Stor. pfd ergenthaler Li enien’s National i 1 GCotnmbia Hiile Ty com 13 100 1 Security W S Washington Mech, Mige. Co dward & Tothioe nfd.. Books clos: FOBEIGN EXCHANGE. 106% Nominal Selling rhecks ol value: d pound $4.8665 al dollar Paris. fran: | Brussels franc | Berlin, mark Rome. i Diavable ani ostal | av. 14 o0 1.16 savings) War Loan nd depi Stites dis. i ing vedis counted thora above Tot. of Washinaton THOS. P ¥ named hank mnly swear “atement is true to the best nd belief 7 THOS. P HICKMAN. Cashier. n to before me this H. SHREVE Not Publie. the tated than of th that ol ashie 1977 JOHN bt s B COCHRAN. Dumvn. J0RN R E ra neseta. crowi erown HO0014 1% 00014 1 e G . July 12 (#).—Foreign mixed. Quotations ~(in ¢ Britain, demand, : 48535; t0-day bills on’ bank: France, demand, 3.917-1 3.91%. Italy, demand, 5. 5.431 olm. NEW YOR cents); | cable 481 3-16, cables, | cables 1)=nmnrk 19.24%; Spain, l’olsnd : Jugosla AH L Hm\. Rumania, .61; Argentina, il, 11.83; Tokio, 47.20; Shang- 2; Montreal, 99.85 5- PRICES ON PARIS BOURSE. PAR July 12 (®).—Prices on the | Bourse today were irregular. Three | per cent rentes. 55 francs 60 centime: exchange on London, 124 francs. 2 17.11%; Czecho- 2 THE EVENING NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following is the list of stocks traded in on the Curb Market today INDUSTRIALS. in Bundreds. High TAla Gt_sontn. . 14, % Ala Gt South prd 138 G AID Pl Bar vie. 14 13 Alb Pic Bar A Bt 233 { Am Aren Cot- "l Gos O AR BV ELF Vi 6% L Am Cranamid i &7 18 Am Gas & 2Am Gas & Bl i 15 1AM T 18 1% Am 1 il Am 1 Am Pw & A Am Ravon ¥ Am Road Ma Am Roid M Am Rolling 3 Am Rolling M V“ 5 Am Superpow B 361y Am Superp pr pt 29 T Amo Gan & E AT Frait, Rales o . 0 Barnadall deb 'rta Beat & Co. 2 Bohn Alum Rorden, Rrill’ Cory 3 Brill Brillo Mg 1 Brillo 3 Bunle WS R e = Bucsrus Co 1 Budd Mix 1 Butier Bro 35 Celanese Corp A1l 4 Cel Cor A Jat ot 15 5Cel Cor A ‘ent States Cuneo ~ Pross riimn Acro N Curtise i vfi’ Davega Inc 10 Davenport 23 Deere & Co.. Do For R ¢ Dixon Crue Dominion St Lid X Danhill 16 Durant Thtlie, Mot 33 EU Bona &8 'pis 106 1% 1B & for 7 Em Pow Cor 0., Mot Co.. irestone Ford Mot Co & Forhan Co ‘4. oundation F A ‘ox_Theaters A Freed FEise R C. Freshman_Chas. Kulton Ssiphon 5 Garod Corp Gen Bak A. Bak B..... Gen Laund Mach 1 Grand. Stores ... 1 Hall Printing o 8 Happinese St 6 Hellman R . & Hellman R pfe S Hirea Ch A 1 Indus Ra 1 Insur Co N 1Int ¢ 12 Inter 0 73 John & Kruskal 3Leh Val € cfs 1 Marmon Mot 33 Mama Light . 1 Mamey Harris' N Bot . 3o Jownson: s 215 Mengel ' Box Met Chain 0 St ol 24 Mid West Util. x,lmner Rub pf. 98 Mohawk Hud P 2414 H P 2nd pf103 Honam Vol nt 4514 TEDe Bit Pun s L Nat Sug R !nlu;n‘- \Ic!l o W York Merch Y Cent_nw.. orth O Pow [] 2 Palmolive |8 Parke Day C 3 s Pa Oh Ed 6 pf &i Y Ba On Fa s Bl 1 Pa Ohio Ed war 1 Philip Morris_ A 3 Piedmont & Nor 2Pillsh F M n pt 4Pratt & Lam C 1Pr & Gam 68 pf SPug S P & L 3% Pullman_ Co 3y Real Asan” Bkl Reo Mot ,14 Rich “Rai’. + Rolls Roved id. SesE FSS T 22 S0 S 3 3 15 Reg Pav. 5 Stand " Mot 1y Stand P & Lt pf. 1001, Stutz Mot 18 4 Am Inv pf. 1 ift llll{v N'B lh Syracuse Wa N K. 1 Timken Axle ... n .'l’l'nb Pro Exp ... % Trunscon St 3, Tubize A S { Tun Sl Lamp A, " United Tob 80 X vie 24 Imp. € L 105% A 4 atiery B Vil & B il Shar op_way varner Bros Pic vatt & Bond hundreds. # Am_Explora 10 Ariz Globe € 1 Bunker Hill BEnk Gld M ILt'f 110 Eureka Croesus.. . 10 Flor Goldfid M. 20 Forty-nine M 5 3 Golden Center M. 1 Hecla Min 1 Hollinger Ohio Cop """ Parmac P’ ML 180 Am Gold & P. 14 Tech Hughes . .. 20 Tonopah ¥ 17 Verde E: 8 Wenden Cit Serv n i’ Columbia Synd. . Creole Synd Crown Cent Peta Magdal _Synd ount Prod at Fuel Gas n New Mex Land Pandem Oil 1 Panteper 01 1 Red Bapk Oil. . 1 Reiter:Foster ‘Oil 20 Reiter® O r1s wi . 18alt Ck alt Ck Prod Tida) Osage ( BTid Osage 0 NV nezuelin Pet. Salesin STANDARD OIL 1 units. 500 Anglo-Am Oil.. 0 _non_ vid. brgin MIg. 1500 Inter. Pei ' 100 Nat© Tranait 100 0o Gl Ltd. “1008 0 K 100 8 O Nebs 508 O Ohio n 108 O Ohio pid )0 Vacuum Oil.. Sales in thoueands. 6 Ala Pow 6 093 Am Gas & Fl 6810515 31 Am Pow & Lt 6810448 RAm Rad 4.8 5 2Am Roll Mill' 83104 16 Am 6o, . 107 T Am Thread G e 10its Anaconda 6a A. 1028 Apval El Pow 47 Ari: P & L Ba. % As Sim Hard 6 5 Beacon Oil 6a 1 Beaverhd 1 Bell T Can 1} Boaton, Cona centimes: § per cent loan, 7' fran:s 20 centimes. The dollar was quoted ai 25 {rancs 5% COPUME .. 2 Brun T & 3 mm, 10013 MINING STOCKS, bonds and New York Low. Close 1301, 1391 905 it a7 KTy i 10 1001 1 L ¢ 1Wi% 1087 Er o pais N Rz ed e ] STAR, WASHIN L2001 190 i1 w19 e . —-ZREn e 3 Hood 10 Ind Ol 1iind P 5 Int Ry C A Interst Pow terst Pow 2 Iy Eauity 6 5 Mon 1s P IM L e 7 Ohio Pow © Ohio Po 1 Ohio 120 1 Potomac, Ed | ham m Run 5 Rich Sery ifhea P & tand. Tnvest ba: ON Y 1 6x 1 101 L101y 28 8 4 101 104 :, Cranscont ‘Oil % Oil Pro 8s Tnd 6158 Ru 6158 Ru 613a Ru s u 618 arn 618 1 Wes Ch 7 IWh & M 1Wh E O&R FOREIG TAx M Bk 4 Antioqui; 5las a8 011, BONDS, 46 067, 4 By P 4 Ber C E 11 Ber C F 6 5 Brisbane 3 Buen Air 0414 aR 1y 10074 0R 1y 100 10015 1001 2 Denma 1ys 28 Fr St Prus 6 1Ger Con My 1 Hambur, 5 Indt 3 hic G 16 TG D5 ww 101 Tomb Flac ‘ Hendoga 7154 1 Meri Elec 10 M mi Bogota Stinnes H 7s 15 Stinnes H s 8 Trondhj 51« Tyrol Hy EI_ n El Serv 7s A E S 78 A ww w1y 8014 GERMAN BONDS AND STOCKS. | By Special Leased Wire to The Star. NEW YORK, (Quoted in dollars per million marks ) Bid " Asked Ger Gt (w In) 58 1014-18 1000.00 1074 Hamburg 4% 1916, ... 70:00 " K0.00 (Quoted_1n”dollars per '{housand marks’) Ger Gen Elec 4338 bre-war. ) o Ger Gen Berlin 43 Dusseldort 42 pre-war Frankfort a-M 4s pre-w Murich 48 pre-ws 11.00 a0 00 D500 L 11000 1150 s 0 00 Darmstaedter Bin cur Bank den “Chemical E G (Gen DIVIDENDS. Holders of Per. Payable. Record Aug 1 July 18 July 16 Tuly Austrian A F WO P e «;:m Jire & T, Metropolitan Chain Stores 1st pf. . Do 2d p N Am Roval Dutch whares) . Skelly Ol €0, Wilcox Oil & Gi CALLES REVOKES ORDER EXCLUDING U. S. MINISTER Rev. Edwin Van Eten, Episcopal Clergyman, Adm\itted to Mexico After Being Halted. By the Associated Press. MEXICO CITY, July 12.—Tn re- sponse to representations by the United States embassy, President Cal- les has personally ordered the immi- gration authorities at Vera Cruz to admit American clergyman, Rev. Edwin Van Eten, Episcopal minister of Pittsburgh, who upon his’ acrival at Vera Cruz aboard a Ward Line steamer from the United States wa: denied admission. This denial July Tuly Aug a0 July Aui an was \hased on the immigration regulations parring foreign ministers of religion from Mexico without special govern ment permission. The embassy on Saturday made in- formal representations to the Mexican foreign office regarding the cler, man, and yesterday afternoon received a verbal message from the foreign | office that the matter had been re- s 0 1014 2 108 1061 1011 10515 104 2 05 104 106% =.. B e ferred to the President, who had made an investigation Mr. Van Eten be admitted, PENNSY ORDERS STEEL. NEW YORK 12 P).— Pennsylvania i 50,000 tons of rails, of which tons went to United States Steel, 500 to Bethlehem Steel and Inland Steel. The Great Northern also placed orders for 15000 tons with United States Steel, 7,000 with Bethlchem and 3,000 with Inland. CALL MONEY STEADY. NEW YORK, July 12 (#).—Call money steady; all loans, 4; closing bid, 4. Time loans firm: mixed collateral, 60 to 90 da 412a1%; 4 to 6 months, $15a4 prime mercantile paper, soozas SolaZleos 8-532532 PRI PR €3-52233233 VEERRRS dadly PR e NS O SILVER QUOTATIONS. NEW YORK, July 12 (#).—Bar sll- ver, 56%; Mexican dollars, 42%. . .. In . | hours v ; ; Montana, id ordered that Rev. | UESDAY, JULY 12, PRICES UNCHANGED INMARKET TODAY Supplies Reported by Dealers. Fairly zood business was reported by wholesalers this morning. Beeause of | warm weather and absence fr the city of thousands of persons for the Summer season, dealers do not expect brisk business during the months. Much of the buying in hot weather done during the early morning early closing on Wedne uring the heated period giving dealers | a short resting period. Dealers had ample supplies of all | commodities this morning to meet the demands of the trade at prices sub- stantially the same as those quoted | yest Summer | is T Butte v's Wholesale Pric “resh, one-pound pr ; store packed ted, 1 unl'l 51 toms. chick: ducks, 1 Dressed— ng chickens, 35 Wy, 38240; small keats, young, 60a : roosters, 16 voung, 63; old s, 28a30; Sp pons, fancy *ks, 204 Meat, fres Tanibs, | shoulder Killed—Becf, 18a20; veal 200323 fresh hams, 24a25 17a18: loins, 27: smoked smoked shoulders, 17al8. | Live stock alve choice, m th Spring lambs 17 and Vegetable Re Today’s market report on fri ables, compiled by the News Service, Burcau of A Economics, says Cantaloupes —Supplies liberal; mand good, market steady: Califorr | Traperial Valley, salmon tints, sta ards, 36s and 45s, best, mostly 2.30; few, 2.75; ripe, low as 1,50; bos, 365 and 45s, best, mostly 2. few higher; ripe soft, low as Ponys, 458 and 548, some ripe soft, 75a1.50; honey dews, standard erate mostly around 2 ndard flats, 1 | 1.50a1.75; honey 1ndard: best, mostly 3.50 low as Lettuce- zood, marKet stes dozen crates, Boston type, 8 mostly around 90; Western, no reported. Onions — mand light, California, Bermudas, 1 proximately Peaches — Supplies moderate; mand d; market steady bushel baskets, Elbertas, la large s .00, mostly 2 dium size, some fairquality, bushel baskets; Belles, large to| very large s quality and condition low a h Caro- hushel baskets, Belles, 7 Ia fine quality and condition, 3.00. Potato Market Weake Potatoes — Supplies moderate; mand limited et slightly w North C: y section, rels Cob! mostly Wale demand ts and | Market gricultu iles de- sales; Supplies light; market dull; few 3 d crates, vellow ; Egypt, 1cks, yellows, 1.00. a Georgia, | melons moderate, carlot sale: Supplies rket corgia, 26 pound ave dlightly decayed, ins. 26-pound av’ and condition, about bulk some sunburned, 00; Stone Moun fair quality liberal: de- bout steady; kets as 2,00, moderate; North ( t mostly sans—Supplies zh Corn—Supplies good, market stead crates, 1.75a2.00, be Peppers — Supplies mand moderate, market ste: rolina, bushel hampers fanc. Tomatoes moder Tenne wrapped, own, mostly demand —Supplies liberal; demand market slightly ' weaker; . vipes and turning, 1. few sales, 2.00: home-. hamper: .0023.50, o. -bushel liberal; demand homegrown, Supplies market about steady; SHOHTEST CORN CROP IN 26 YEARS IS SEEN Indicated Yield Is Placed at 2,274,- 424,000 Bushels in Agriculture Department Report. By the Associated Detai States of the conditi and acr of the corn crop fore by the Department of Agriculture a: the shortest in 26 years were issued today. o placed Winter Is and 18,000 corn erop is indicated 2 the at wheat crop at the Spring wh bushels, The condition on July 1 and the indicated production (in thous: bushels) of the important erop. Corn—Pennsylvania, condition per cent, praduction, 42,710:0hio, Indiana, 56 and 103,59 nd 212,403: Michigan, -onsin, 68 and 64,96 and 120,989; Towa, J966; Missouri, 64 and South Dakota, and 102 ska, 80 and 198,221; Kans nd Wi nesota, 69 , 80 and 4 Winter whe and 19,990; Ohio, 80 Michigan, S8 8 and 18,010: s and - |'\'Hn5.\ 1 and 67 Oklahom: 9.7 (x) and Colorado, 94 and Californi: Spring 87 and North other, Durum, Minnesota, Durum, other, and Dakota, 9 and 89 and uth 93 and 14, other, 4 Durum, 91 Washington, 56,364 and 44,919; POSTUM PROFIT UP. EW YORK. J.ly 12 (P).— profit of §3,40 for the s quarter s report Postun. Inc., equal to S2 common, against 2,017 in the sec- or . quarter last year, or §2.03 a share. The halt year's net profit was $6,750,- 384, equal to $4.59 a share on the com- mon, against $6,078,638, or $4.15 a share, in the first half of 1926. EARNINGS SHOW GAIN. NEW YORK, July 12 (#).—Gabriel Snubbers Manufacturing Co.. earned $4.19 a share on the combined A and B common stocks in the first half o 1927, against $3.07 in the same Mrlm! last year, Net pmm. rose to $339,070 from $614,422, | i ithe Oil Fair Business With Good | wheat | concluded ? 3.i5ad.00, Lot moderate; | Of | ago with €. G | planes. | tile {for | ravor: 1927.° OIL OUTPUT LOWER. Decreased Production Reported for Week Ending July 9. TULSA, Okla, July 12 (#).—The werage daily production of crude vil in the United States decreased 15,832 barrels for the week ending July 9, < compared with the previous week, and Gas Journal said today. The total midcontinent area showed an increase of only 283 barrels, de- spite an increase of 12,985 barrels in the Seminole field of Oklahoma. The entire production in the United | States was given as 2,215,081 barrel# daily. The Tuced 1.5 I nole fi mi 5.081 ontinent barrels and th QUTLOOKIS 00D | INRETAIL TRADE | Continuation of Large Buy-| ing Power Is Seen by Experts. BY J. ROYAL. Special Dispatch to The Star., NEW YORK, July 12—There has been no decided tendency to wage reductions in the United States since January 1. State and federal employment bureaus reporting from different _sections indicate that fact today. This, according to B. C. Seiple, manager of the state-city employment of the Cleveland industry ures a continuation of h consumption, of active production maintenance of purchasing power and consequent satisfactory retail sales, Wi districts ltely. conditions in the farm have been more favorable Prices have advanced in corn, and cotton to levels above those recorded at this time last The indications are that despite sethacks, the agricultural commun ities which account for a goodly part of the volume of retail trade will be fully as Prosperous as a wear ago un- less the weather again turns unfavc able. This despite the somewhat pessi- mistic report of the Department of | 1ther | Agriculture. Buying Power Higher. General business the above conclu ctivity supports ns, since the vol- ume of purchasing now is shown by bank debits and other indicators to about 7 per cent higher than a r Naturally there will con- tinue some dullness during the heated Summer period. But business men an- ate a fine expansion of huying with the advent of Fall and a big holi- day season, A 4.000-mile automobile trip just by a trained observer through all the States east of the Mis- sissippi_and north of the M Dixon line showed crop condi vorable, but not m able than in Minne: the Dakotas. 4 in Minnesota, the Dakotas, Montana and s of northern Michigan and | Wisconsin is brighter than for the country as a whole, Corn is causing the greatest anxiety at present, but even this product is advancing fast. The damage by floods has been by no means made up, and the retail trade of the mext few months in the South will feel the effect of this and the lower cotton production, al- though cotton prices have advanced. The steel industry seems certain to experience a marked recovery from Summer dullness, with conse- quent high buying power by The building and building m industries are favorably situated, although some skilled men are out of work in ce sections. consin and situation Some Sections in Good Shape. The ‘late reports indicate that re tail_stales will be exceptionally fine in England, the Middle Atlantic tates, the North Central and Pacific Coast ates. Some uncertainty ob- tains in the South Central and moun- tain districts and in the South Atlan- tic sections, although even in these | latter districts trade seems likely to | be up to that of 1926 and in certain centers above the last year's level. In New England, the tool, ma-| chinery and jewelry plants and other metal ‘trade activities are expected to speed up as Fall approaches. | Business is on a_higher level than | 1926 in the Middle Atlantic States | and general purchasing power is suf- | ficient to lead to predictions of an| advance of 5 per cent in retail sales. In the Middle West no drastic in dustrial recession is in sight and, while the corn crop is still an un- known factor, the predictions are for Tes volumes 5 per cent above those | of a yvear ago. he industrial prospects on the Pa-| cific Coast are sufficiently encour- aging to lead to predictio: healthy advance in_ retail t ning from 5 to 15 per cent the 1926 level. in above |WILLARD DENIES B. & 0. PLANS PLANE SERVICE IMORE, July 12 illard denies the repor the Baltimore and Ohio Railroad contemplating the installation of a passenger airplane service. He said the report probably was started by a conference which he held some time >eterson, of the Wright Co., during which the air passenger service BAT Daniel (Special).— that Aeronautls feasibility of s ime in to see me.” nd offered me in- formation concerning the use of Of course I listened to his proposal and studied the matter, but nothing came of it. The Baltimore & Ohio has no intention of buying planes or inaugurating an air service at this time, according to Mr. Willard Me. Willard Commodity News PORTLAND, Ory »f the West Coast 1. sociation in the last week produced T0.432,000 feet, sold 71,428,000 and <hipped 78,038,000, Western pine mills sold 000 feet, shipped 23,7 000 and produced 26,906,000, ATLA last six indu the July 12.—Mills mmberman As- ecent reviews of the ths in the southern te: indicate a fine outlook six months, owing to d goods prices and low inventories, which have produced v steadily increasing demand. rospects for the apple er son County now ot |tre much better than at the begin- ning of the year. Late estimales predict a crop of 50 per cent of normal. | PHILADELPHIA.—More than a score of gas-electric cars costing over $1,000,000 are to be built by the Brill- Westinghouse interests for seven dif- ferent railroads. The Westinghouse Zompany furnishes the electric equip- ment from Pittsburgh, but the re- mainder of the cars will be built here. YOUNGSTOWN.—The steel indus- try in the Mahoning Valley is set- tling down to its normal July level around 60 per cent of eapacity. Thi: ty-three of the 53 Independent open hearths and 83 sheet mills of the 127 { compar { eriy | followed lndqnmlm: units are active. will be represented an- !lu ‘g‘ !l'z Congress in FINANC PRICES GO HIGHER IN COTTON MARKET Apprehensions Over Weath-f er in Belt Give Staple Values Boost Today. By the Assciated Pres NEW YORK, J | market opened” st ) | changed prices to a decline of three points under selling promoted by rela tively easy Liverpool cables and re- ports of favorable weather over the greater part of the South October eased off to 1 s to 17.95 shortly after the open- | net declines of about 6 to 11 points, but there was covering with some trade or investment buying at the lower prices and the market helt fairly steady at the end of the first There were reports that warm | and drier weather was checking ol weevil activity and there may have heen some local selling on belief that the advance to 17.77 for October | ontracts yesterday had discounted the | more immediate effects of last Satur- | lay’s Government crop report | Private cables said there had been | free selling on the early advance in | that market on more favorable weath. | er reports from the South, but that there was improved demand for cotton goods in Manchester., | | 12.- tou The cotton and Jan- Apprehensions of unsettled weather with showers tempe to bring more and in probably the South lr"’"]fl'l" buying. - Liverpool | was a good buyer here on the early | decline and after the initia had been absorbed contrac ively scarce. The z and a renewal of house buving on the advs and a few uncovered as prices worked into new ground. By midday October was ling around 17.94 and Januar 1 with the general market show ing net advances of about 12 to points. lower e was cove nee, which New Orleans Market. ORLEA} July 12 (®).— Weaker Liverpool cables than expected | brought an market today v opening to the cotton and the slump carried prices 6 to 8 points below yesterday's close before it halted with October selling at 4 and December at 17. Belief that the wet weather was indi- cated on the weather map brought a rally which at the end of the first hour had carried October to 17.63 and De- cember to 17.85, 9 to 10 points above the lows. MACHINERY n_fli}:. NEW YORK, July 12 (#).—In more than one section of the country there has been a moderate increase in the demand for machinery and shop equipment. Inquiry has picked up slightly, in Cincinnati, Detroit and Chicago, American machinist reports. Taking the industry as a whole, sea- sonal influences are being felt and there is a tendency on the part of users o purchase for urgent needs only. —_— DODGE EARNINGS DOWN. NEW YORK, July 12 (#).—Dodge Bros. earned 85 cents a share on the combined A and B common stock ix the first half of 1927, against $3.88 a share ir the same period la The company sold 107,115 cars’ s ks ir the half year, valued at $§ Cash and marketable secur June 30 -sere $25,285,264; ventories, $16,493,480; total quick sets, §51,63.216, and curre liabili- including Federal taxes, ties on REAL ESTATE LOANS BUSINESS, APARTMENT, CHURCH. HOTEL. THEATER. RESIDENCE AND GARAGE PROPERTY. CONSTRUCTION LOANS. FRED T. NESBIT 1010 Vermont Ave. Main 9392 20 | TAL, Money to Loan Secured by first deed of trust on real estate. Prevailing interest and Joleph 1. Weller 430 W Mortgage Money l.oaned At Low Intérest Rates Economie Conditions Tyler & Rutherford Loan Correspondent Mutual Benefit Life Ins. Co. 1520 K Street ~ Main 475 000000000000000000000000 CONSULT US First . Now. W, H. Saunders Co., Mortgage Tikeiie - Notes R 0000000000300000000000000 1433 Our Service to the Borrower URRENT inter- est rates, fair ap- praisals and quick service. CI(I-ZEVE'.RMd [REALTORS. | 1415 K Street 1 offerings | seemed | mmission | stop orders were | Money to loan on Im- proved Real Estate in the National Capital. Applica- tions Confidential. Prompt Service. Interest Rates— 1 51 & 69 Mortgage Dept. | HANNON & LUCH)| 1435 K Street Main 2315 Safety HE McKeever & Goss stand- ard of safety—AB- SOLUTE SAFE- TY underlies every first mortgage note offered and made by us. ) fla:vm-»aoss..« 1415 K Street Main 4752 We Are Not Declining Any “Good Loans” We are in the market for loans on improved real estate. We have plenty of money for the p urpose and are ac- cepting all loans that measure up to our standards. If you want mortgage money quickly and believe you have the right kind of security, see us first. B. F. SAUL CO. Main 2100 The New York Life Offers t 925 15th St. N.W. Insurance Company o Make First Mortgage Loans On Improved Real Estate i n the District of Columbia and Nearby Suburbs in Montgomery County, Md., ,for 3,5 or 10 year terms on your Apartment Home 5%:% Office Building Business Property Apply RANDALL H. HAGNER & COMPANY' MORTGAGE LOAN} 1321 Connecticut Ave. CORRESPONDENT Telepone Main 9700 A Third of a Century's Experience B. F. | "Main 2100 SAUL CO. ) —and familiarity svery phase of \Wash- ington real estate gives Close Contact with knowl- make us a practical edge of how to your property make money for you. Under our Management Serv- ice maintenance costs are carefully analyzed, economies effected and income increased when- ever possible. %925 15th St. N.W.