Evening Star Newspaper, July 30, 1927, Page 21

FINANCIAL FINANCTAL B0 TRADE DULL; SOME ISSUES GAIN New Offerings Improve. Market for Foreigns Firm. Money Situation Factor. D. C. SATURDAY, JULY 30. 1927.° NEW YORK CURB MARKET Received by Private Wire Direct to The Star Offic THE EVENING (== BONDS=mer Recelved by Private Wirs Direct to The Star Office. STAR. WASHINGTON, PUBLIC UTILITIES FEATURE ON CURB Gillette Razor and Fageol Mo- tors Are Strong—Profit- Ot ites s 903 Taklng Is Negllgrble. Pennsyl gen 4148, 01 19 Pennsyl 6s 64 . 104 Pennsyl 614 8 Port RL&P 7148 46 Reading J C 48 51.. StL&SFpl4sA.. StL &S Fpr In 5s. StL &S Fadj6s StL&SF Ino 6s... StL S W con s 32, Seab A L adj bs.... Seab A L con SBAIl Fla 6s35A ... Sou Pac 4s29...... Sou Paclfic ref 4s.. Sou Ry gen 48 Sot Ry Con bs Sou Ry 68 56, .. Southern Ry 6%s. . TexArk FS 5145 50 and o N.. York UNITED STATES. (Sales are in $1 "0.) Sales. Higl. Low Close. Lib3%s... 562 10028 10025 1002 Libist4%m 59 1032 1032 1032 Lib2d 4%s. 175 100 12 10010 100 10 Lib3d 4y Sale> Hixh. Low. NYChI&StL 6%sA * 2 106 105 NYC&StL6ésA. 11 1031 w Hav deb 4s 67 2% New Haven o d 6s, 1108 N YOnt W istds.. ) NYStateRy 6148 62 72 NYWa&Bos4y 82 Nor & S gen 58 84.. 931 Following Is the list of bonds stocks traded in the New Curb Market toda 2 Pultman omin itan &f VOl W L 8 .”“«;W SThis 1y Ea Ml el 1 Selfrigge’ Pro’ Sto 65 Sorv Bl Cor 1 dieveriine & 23q Silver 1 & Bros . »:kn\x P& 6% Interest Columbia Permanent Building Association 12th ST. N.W. Main 3 INDUSTRIALS High Saler in hundreds. #AIb Pick Bar vie AIb Pic B A nfd Alum Co 1 . Am iy Am B Am iAm 2 Am Am 1A Ravon 2 Am Rolling M 1 Amto Gas & EI { 1 3y 20 1 4 Bohn Alum_ ... ! 1 21 Break of 40 to 47 Points Is Recorded in Early Part of the Brief Session. 44 1011 101 w11 Libeth 4)e 36 10828 10326 103 26 FOREIGN. Sales. High. Low. Close Argentine s Ju 69, I b4 9 s 994y Argentine 6s Oct59 994 99 Argentine 8s A. 997 9,n 99 Beiglum 6s. 981, 98w US4 Belgtum 6% 101% 10115 101 Belgium 7s | 103ia 103% 103% Belgium 7% 113% 113's 1131 Bolivia 8s. 104 103% 103% | 3ordeaux 6s. 90 99n 99 Brazil 6%s. 9ty 9% 9% | Brazil 7s. u5lg 951 93l Brazil 8s. 1063 106's 106% Canada 68 1952. . 105% 105 105 Canada 6%s 1929 101% 101% 101% Chile 781943.... 102 101% m; Chile 8s 1941. 108% 105' oret Danish Munte 88 A 1% 110 o Danish Munic 8s B. 111% 111% 11l Denmark 6: 105 105 105 Dutoh East 104% 104% l?»-‘s\: Finland s £ 65 45. 954 95 i Finland 7s. 100% 1004 French 7s. 105 105 105 Fronch 7%8. 113 112% 112% French 8 1107 110% 1107 German 7s 106% 108% 108% German Agr Bnk |g;‘ x::'\;‘h 12:" g;":x‘s”: 99% 0914 994 Hungary T%s. 103 102% 10: P& L Prod Eitane &£ B i Bieenit B nt G Imn ni Lt & P o0 A ni Sh M € ptd ny Leaf Tob S Freeht HEFFERNAN, he St July 30.—~In view of | which had taken > throughout the past week the rket for curb stocks held up sur- prisingly well during today's brief trading period. Ordinarily it might have been expected that realizing sales preparatory to evening ounts over the week end would have come in in large enough volume to cause substantial recessfons in the promi- nent le; However, those who had pro appeared in no hurry to By the Associated Press. NEW YORK, July 30 ton market opened eas; t of 13 to 19 points under a renew i S L Batere B q o eak during th | pima B FUS b davers B liquidation and was weak during the sl N &k S Warner s ‘Ple 1 1 ly trading. Realizing or I R T 18 tion was heavy and general x Co pid 00 ) y R orders were uncovered on the decline on, 4puinge S M'wfw erine Po € ¢ | which extended to 18.50 for Decemb P Sateain ind 18.78 for March by the end onw B 1 b 10 Ariz Globe ¢ | the first half hour, hout 40 to v 30 Divide” Extens | points below yesterday's closing q | tatlons. No fresh news factor ap. | peared to be connected with the break 4 Pub pld oldes iter Davega e ©... 31, Deore & Co take them down and were content to 3 Dominion, St Ll but reactionary sentiment was very . maintain their holdings as long as no A 1 ’ M g A | much in evidence after the extended s UL il [l advance of the past month, and re. | |- = ports of rains in north Texas and Oklahoma evidently failed to bring in | much fresh buying. Ow to the major reaction was in sight. 11 BB S i | Texas & Pacific 1st There was nothing new to account BB & shn'Cor T holiday there were no cables from Liverpool. 6 o i 30 OP).—Aft First Tex & P'ac 68 77 rts for the favor in which shares of LI 2144 Third Ave ad) 5, public utility companies were held. el New Orleans. Marlket. W ORLEANS, July g o .\ln‘r'gage Notes il Unton Pac 1st 48. g 9714 | Heavy buying of Blectric Bond and opening steady and and pri o0 BY WILLIAM F, | Spe h to NEW YORK the improvement BY CHARL PEARE. W YORK, J 30.—While the market for bonds today was dull, it exhibitcd some of the strength that has been developing out of this week's favoring money conditions. | The best feature is that of improve- ment in the prices of new issues. Thi was strk indicated today in a rise of nearly a point in Impxnnlu-xml Telephone 41,5, These bonds were well placed and recently efforts to| purcha 1e original figure | have been a fa The Erie new n in good | demanc ving a rise of & point for the week. Go s regained some of Friday's loss. Following the largest the bonds this year, T adjustments duplicated high So did ¢ eake Cor bs. Likewise General Motors ances ¢ More than in the Italian ¢l and Rome 614 The Mnney Available for FIRST DEED OF TRUST LOANS 6% Reasonable Commi Prompt Replies to Applications | A de april Corp 2 Reill Corp T 1 Bueyrus Erie R R E 1004 101 liqu ] turnover in | i ird Avenue previous poration accept 9000000000000000000000000 CONSULT US —for safa investment of mae Por ML ) Shattick Denn . 101 AW UGN usual activity oceurred veaees bonds. Both Milan Virginia Ry 1st 6 1061 | Shave and United Gas and Improve- vere in good demand B points, the cotton market The sellir Wabash 2d s. . 1024 | ment resulted in gains of a half point West Maryland 4s. 834 | to a point % Forhan L 4 Western Pacific 6s. 90% | Southenstern Power & Klectrie in [ 4 ENDEN L BEOOKS N q ore interest A o a- 04 94N 4'y at 90. Mor est has been dis- | Italy 78 points pcotton mark dropped nearly §3 a bale was caused by longs desiring to even appeirance of Heste figures and the Government B S vestors wore discounting fav e i g 2y and = ed the last few days in all Ttalian | Italy Pub7s 9an 0% Uik TRADE IS EXPANDING. up before the report, which are due Monday earnings and the prospect that these iiton Syiphon.. would continue to increase along with Gt i 1007 100% 100% s ion il sxpansion in operations. il " s chie foreiek e ’hmne"UGn‘::. 5 10118 101 1005 [ o Pri 1 o 1itd Gilletto Safety Razor was a favorite St el el [EETD . vou, 09w o | Firmer Prices for Commodities|among specialtios and reports were it firm. United St y HETRROIE & W 99 . current that much of the recent buy- F 1 s dull but frm. tes e " 99 : i nnua T e e e 1o 1020 102w -Also Are Reported by Dun's. )y "iq heen for the account of an b e e e i % 103% 103% 108%| NEW YORK, July ) investment trust e October traded down to 18.08 il o 1’:‘3{!‘0!» de :\'am‘musngs!n-u 100% 100% 100% [save: “July 8 closing with mor Fageol Motors continued to reflect QoI RN December to 18.32, 56 points I'.",d ke Noray ansie 1024 102 102% | activity in” some quarters, and with [the expected benefits to be derived Leonard Ofl . yesterday's close. Reports of liberal mand next week in view Norway 6s 19 in’ Commitity ns in the Western belt brought ces back up 16 points from the lows the end of the first hour. & ment was that Hester's report we be bearish. 1Cit dery n'pfd. Colimbia Synd 20 Croglo 1D R B NE BRI D KD A A B R BB R DL S ND DD DI DR~ 963000000000 Tre Wit n_Laund M TG Pow ptd. . et leitte & R o 8 nid. 100 e Ol car and 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 vou. Our experience, ex- tending over a period of Thirty-five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. tcall sy 3 103 103 |more firmness prices | through the awarding of the local bus [ : ] Lo St conditions and a strong technical | Norway i ‘2;\. A98% 93k |than dpbearad ~when iHe monthi| teanchise 16 the Haitable Co., With TR market situation. This week's new | paris-Ly-Med 88... 7 (0.0 0500 100 | opened. Midsummer gains in busi- | which it Is closely associated. A new ApDIneRs (- T Pantepec Ol fsmuss amounted to §85,900,000. | Parts-Ly-Med Ts.. % 00 (05% 100 "l nexs have a special interest, for (hey | high record for the year was estab- ellman v 3 I A R Paris Orleansis 9G% 96 96 ure rather unusual, except in lines|lished in Fulton Sylphon when it o il 14 } 1 | otand Bs: ) v 104% | that are stimuluted By purely seasonal | crossed 54 and the persistent demand | R0 de Jan 88 47 1047 104 108% |influences. The exp N now is|kept on for Kruskel & Kruskel. Rio Gr Do Sul 8 105 105 108 | mainly moderate and is by no moans | The market gave a good account of Rome 6%8 . 20 - 8 | Widespread. yot the progressive up. | itself, but no attempt was made to bid Sao Paulo 8s m;‘: “22‘; 1955 | ward trend’in cortain of the principal | prices up unwarrantedly. Sao Paulo 1950. ™ 10 Saxon (PW) 1 1017 101% 1017 | SERI28 15, &, COnRueL VS e, eapent WHEAT HAS UPTURN IN TODAY’S DEALINGS & g8'q | ally in the cotton goods div indi Serbs Crot Slo 8s. 981y 98%4 ? Black Rust News From South Da- . cate that some buyers' Solssons 6s. 964 984 9% | ning low, while the Improvement Sweden 5%8 kota Factor in Rise of Grain Values. WA e Pet X 0 & G n. ANDARD OIL 10 Atl Lobos ptd. . Contiiental il f Joukn Bron v 18 Kruskal & Land_Co ¥l Pow n Kiiia Money to Loan Secured by first deed of Prevailing interest Joseph I. Vleller BALTIMOREF New potatoes 1.00. Beans, bushel, 1.2 100, 1.5003.00., Cab Carrots, 100, 2.0024.00. Cel 2.900a3.00. Corn, dozen, 40 corn, dozen, “icumbers, bas- ket, 40; Sgeplants, et, 1.25a 1.50. L crate, 4.0025.00. Lima beans, e Onions, bushel, 7 t, 50a Peas, Squash cet, 50a75. Tomatoes, basket, 1.00a ; green, 50a1.00. bushel. Mad S Gar vee." Marmon Mot. . . P 300 Int Pot Mavis 4 10 Ghio OiF 10 Prairie_O&! 200 goine meiin o - 180 REAL ESTATE LOANS i 51/ % s 6 R FRED T NESBIT 103 in leather conditions is reflected both Swiss 5148 1946 1100 Vacuum 1010 Vermont A lEs‘ ! {in a larger demand and advanced E pric 104% “Weekly 1124 848,000; an incres 93% S DYE STUFFS LOWER. NEW YORK. July 30 (#).—Prices of dye stuffs and tanning material had a declining tendency during the past week, says the Oil, Paint & Drug Reporter, whose index number shows a recession of one-half of 1 per cent. The most important change was A |jrregular start. The gains were asso- att b sharp reduction in the price of|ajated largely with word from a lead- -. Proct & Gam cochineal, brought about by sellers|ing crop expert that black rust had % Brov dag throwing goods on the market’ which | maga more progress in northern South el they had been holding for high prices. | Dakota than expected. Opening at e % decline to a shade advance, wheat MATERIAL IS LOWER. suddenly jumped, in some cases more NEW YORK, July 30 ®.— than 3 cents a bushel. Corn, oats and provisions were also firmer, corn start- Prices on fertilizer maeerials had a|ing % to % up and subsequently declining trend during the past week. The index number of OIl, Paint & holding near to initial figures. Late fields of wheat in forthern Drug Reporter indicates a decline of about 1 per cent from the week South Dakota were reported today as badly damaged by black rust. Speclal before. Nitrate of soda receded, but dried blood and tankage were strong |in: significance was attached to the news, features. foremost crop authorities in the coun- Tokl0 58.... Utd Kingm 5%837. Uruguay 88.....0 Yokohama 6s. MISCELLANEOUS. Am AgriChem 7%¢ 1 101% 101% 101% AmSmit& Ristbs 2 101% 101‘ lfllw Am Sugar ref 8s... 5 104% 104% 104% AmT& T sfb 13 103% 103 103 AmT & Tdeb 6107 107 107 Am Writing Pap 6s 41 8815 B8 88U Anaconda 1st 20 104% 104 1 !)v Anaconda cv b T 107% 107% 107% AndesCop deb 7s 43 11 1053 105% 105% Armour Del § 9% £ 894 Atlantic Refin 5s.. 1 100% 100% 100 red Winter, gar: 0. 93% 9% 98% 3. aslicky. spot. | BRRINE SRS, 103 0 108 105 “Corn—Domestic, No. 2 yellow, 1.24a | Beth Steel pm 5 S5 oon oo No. 2 spot, no quotations: No. 3, | Beth Steelr2 8. .. e no quotations; cob corn, o 550, | Beth Steel 533 53. TR nominal, i f " | Beth Steel 83 103 Logs 109 i L new, per | Brier H St 18 106}1- ;05“ - shel asked; No. 3, 53%a54 | BXlve Unfon 5% 2 %3?“ 208 208 Rye—Bag lots, nearby, 1.10a1.15 per | Bush T BIag 63 60. 0 = et | Con Coal M4 18t 5 0% Tou 794 Ha Con Gas N ¥ 6%s.. 10 106% 1064 1985 Cuba Canecv Es.. se 984 93 Dery (DG) 78 67 B Dodge 6s. 884 874 884 Empire G & F 1% 110% 110% 110% Goodyear 8s 1931. 10 1o 110 Goodyear 88 1941. 120% 120% 120° s..... 16 102% 102 102 2:::“"” 10245 102% 102% [11inots Bell 15t 6 1o 1047 104 Int Mer Marine 8, 100 100 100 int Paper 88 47. 100 100 IntT & T 6% 111% 111% 111% Kelly-Spring lfl'l. 107 “(;IM. Laclede G 5% 104% 1044 1 Lorlllard (P) 9% 96% 974 LouisvG&ESs62 4 101} 101% 101% Mid-Con 6%s 40 104% 104% 104% Midvale Steel 99 99 99 Montana Pow 5s... 1 102% 102 1024 Mor's & Co1st 4%8 1 8i% 8% 8i% N Y Edison 6%s. 115% 115% 115% N Y Tel 4%s 99% 93% 99% N Y Tel 63 41. 108% 108% 1085 N Y Tel 65 49. 110% 110% 110% Nor Ohto T & L 68 97T% 97 Y% | (Quoted in dollars per million marks.) Bl Asiced PacGas & EI 6 1014 101% 1014 {6 Gy (w 1) 59 1014-18. 67500 1000 00 uce, i in thousands. 2 Allied Pk 68 & Aliis Chalme: 0 Alum_Co Am & 4Am Rad 41 2Am 1 B 1 Anaconda s A, 1 Avpal B Pow 5 bArk P & I bank clearings—$8,756,- ee of 12.3 per cent.” Pemea amaa-Sa New Fng Co Y Tel o nM Y Cent n. ow ¢ C A 4 Bae st Boiler | VR con Oil 68 " 4 Penn Ohio § cop, 0 '!:'9 uw""fl‘s p 5 Can Nat Ry 78 Peon Drig Stors i > 0 C M&S P 5 : FERiab FILM 0 1 i‘fip?.; n :: 2502.25. Blackber- | Cantaloupes, crate, ries, basket, 75a1.10. . quart, 15a20. Peaches, Pineapple: crate. 50a75. Rasp- W .nermelons Mortgage Money Loaned at Low Interest Rates Economic_Conditions Tyler & Rutherford Loan Correapondent Mutual Benetit Life ons 1520 K Street Main 475 | Thomas J. Fisher & Company, Ine. MONEY ABUNDANI [kt (28 10 FTIRST sad sECOND B w;-.:‘; 14" i/l MORTGAGE LOANS First Mortgage SO v, who heretofore has minimized 1 Grand T k ey On Washington Loans PROFIT IS SMALLER. black rust as an cause for anxiety [ |nvestments Made Carefu"y, 19 Gulf 0 P 971 i Residences Business Properties this season. Telegraphing today from (L GUL 3 Ut Be A NEW YORK, July 30 ®).—Net|Bristol, S. Dak., he said wheat stems 7 . profit o Butte Copper & Zine Co. However—Steel Situation i PHILIP MILSTONE A Interstate Pow Gs in late flelds were covered with rust, for the six months ended June 30 de- " Is Growing Better. By the Associated Press. CHICAGO, July 30.—Wheat showed sharp upturns early today after an Prompt Action First Mortgage Loans Lowest Rates of Interest and Commission =a Hay and Grain Prices. Wheat—No. 2 red Winter, domestic, PR, el A xu?l 5615857 *7 ke TR 1 Gatineau Pow 68 100% 15 Gen Tce Cr 6% 130 1Gen Invest 5s A 19 Georera Tow 200 ipts, none. With the ap- e season for new hay de- | old hay is limited, with | prices generally in buyers’ favor. Fair to good timothy is selling at a range of 16.00220.00 per ton, as to quality and condition, and lower grades from 14.00215.00. Clover-mixed hay is bringing about the same prices. Straw—No. 1 wheat, 13.00a14.00; No. 1 cat, 13.00214.00. Dairy Farm Products. Spring_ chickens, 20a25; old hens, 16al18; roosters, l4a old, 15a18; pigeons, Applications Invited at 5%% On Improved Property 5928 ity nd for Unaioast ey 1004 130 1305 D St. N.W. M. 1929 3 Interstate Pow 68 that the plant would not develop fur- clined to $40,241, after charges, from 3 Joddo, Hignl ¢ 8a 1¢ ther, and that South Dakota would 10 Lone Star G 6 in the corresponding period of T Somiter b $ae & 1 Mins ane” 5% 8 Mont, le\ at P & L fis A tat P ‘\[ Bl38 61s°C In Nearby Virginia 3 Lohigh_Pow 68 A 1 Prudential show losses from the high point which /2 Insurance Co. 0 Loans Commonwealth Investment Co. 017 15th S&t. N.W Phone Main 2023 e NB RO EPRERRROR® COE RO~ el R e o has been looked for. Advises from Canada today were also bullish. From Calgary north for 40 miles it will be six weeks before wheat will mature, it was reported, and the grain has apparently no chance to outdistance frost. Talk was also current that the French wheat crop has been gravely impaired in quality, it not in quantity, {HOLDINGS OF BUTTER IN STORAGE LARGER BY J. C. ROYL Construction Loans Special Dispatch to The Star. NEW YORK, July 30.—The banks "};;.P?-‘n“’" % are full of money, despite the finaric- SRS ing incident to the movement of the crops. There s a great volume of funds seeking investment and this is calculated to ald commerce and in- dustry materiaily in the next two months. Investments, however, are being sought with more care and more caution than ever before. The situation fn the ofl industry undoubtedly will be responsible for much of the new financing. Com- panies which have been unable to BONDS ARE CALLED. NEW YORK, July 30 (#).—The Southern Califo; Edison Co. has called $26,500,000 refunding 6 per cent bonds as of October 1, at 105 and interest, and has asked permission (o sell §35,000,006 refunding bs. GERMAN BONDS AND STOCKS. Special Leased Wire to The Star. NEW YORK, July 30.— at Minjmum Rates Glover & Flather 1508 H St. NW. ~ WE FINANCE classes of income-nroducing oroperty Large Loans a Specialty Current it rate aud commission Higbie & Richardson, Inc. 816 15th St. N.W. cases; native —an nt -Good 40a4314; 421524415 receipts, 2. to fancy creamery, prints, 431524515 ladles, 31a33; rolls, 30; process but- 2 §"}'::“N';*:fx'-;‘ . : witt & Co Ra _— Have You Been Stung Yet? 103% 103 103 00 8000 Some men have to get stung good Bnd hard before they learn to be cau- tious in making investments. Before Pac T & T b8 Pan-Amer Pete 7s. Phila Co rf 63 A Pierce-Arrow 88 105% 1 \M% 105% 105% 104% 104% 9% 92 Hamburg 4348 1019 ; el (Quoted _in dollars ber thou and marl Ger Gen F Ger Gen Elec ~w.- 1010 .. Eorlin 48 pre-w 00 500 Production Showing Usual Seasonal Decline—Future Trend Held pinch in production of all their crude and unwilling to sell it or turn it into gasoline have had to store it. This has been extremely costly and In 5 Rub 614s ‘30 10015 rer B P Glog 8R1p rner Quinl da. H61) SYSTEMATIC 1.25 SAVING IS THE SUREST you invest—investigate! 1111 111% 1087 107 105% 105% Prussian_ Consols 3 99'% 99% | Krupp 5s 1021. 9215 Y214 | Dussaldort 4 “pre-war. - o7 Fraukfort a-M 4s pre- 107 107 | Munich 4a pre-wa lu% Hamb dn. 334 & 4n breliar 107 106% 99% 92% 107 hate i B Producers & R 8 ter Mil 6158 0314 Public Service & P Serv Gas 5%s Sinclatr Of1 78 Sin Pipe Line So Por Rico Sui many cases has necessitated the erec- s 52 ton of additional storage capacity. | 133 MansULA By Some companies managed it from sur- Hwny A8 371008 plus funds, but many had to sell new u:w'l o‘[&“fi s 08 securities to ralse the necessary cash. | Sales FOREIGN BONDS There is a feeling that the worst ef- |in thousands. Hard to Follow. 15.00 100.00 FIRST DEED OF TRUST NOTES EVERYMAN’S By the Associated Press INVESTMENTS "CHICAGO, July 30.—Storage hold- 2 AZ Mt Bk 97 BY GEORGE T. HUGHES. Southwest Bell Standard O] N J 58 2! 104 102 106% 104 104 102 102 106% 106% AE G (Ger Go Eleci | . G. Farben. ings of butter on August 1 through- out the United States are expected to show 10,000,000 pounds surplus over fects of the over production in the Seminole fleld hav® been discounted, but a lot of ofl will have to pass into 4 Binke, Erisd or C E 6 1 BRer CE gy ® i ROAD Let your money earn TO FUTURE FINANCIA Tenn Elec Pow 6s. Toledo Edn 1st T United Drug 6s. USRublstrf6s.. 1 U SSteel s 58..... 1 Utah Pow & Lt 5s.. August 1 holdings in 1926. Operators in general find it difficult to form a definite opinion regarding the future trend of the market. At the close of the week all markets were nervous and unsettled. In Disconto Gellachaft Berliner Handels Dreadner Bank . Deutsche Bani Darmstaedter Tank. Mercur Bank Vienna. Heyden Chemical Austrian A E G (Gen Elec) 108 108 107% 107% 81 ok 108% 108% 99% 9% 99% 99% the hands of consumers before the losses are made up. Russian 0il Factor. The discussions as to the purchase of Russian oil have not tended to in- 1084 107T% 9w 108% 99% 9% 2 Brisbane Bue 2 Bue 57 Bue 5 Bue Aires 7s 7 Bue Aires ;v» Copenhagen 5a. Cos Alres 7s 10 on ) 901 948 e a0 7h 07 ia Problem for the Stockholder. you a good income. It is a cardinal principle of invest- ment that the investor’s list of hold- s should be more or less constant- Aires Ts 7 & 4 Ber C E "24' 1 7 3} Ares 7 '38 Call 350 15000 Iy sup ing econ the fluctu corporatior time to time the changes will be verse deve 1t a corpo the margin gnd the o1 ts stock or bonds for to d nd to repl ed. The idea is that chang- conditions as well as ting fortunes of individual make it necessary from spose of ce them by others. assumption is that e nade only when ad- pments ation’s incom dividends decreasing look uncert ome se- threatening. is falling off, n the sale of Vertientes Sug 7s. warner Sug 78 41 West Elec bs. Westn Unlon Westinghouse § White Sew Mch 6 Atchison gen 4s Atlan C L 4%8 64, Atl & Dan 2d 48 48. B & O Gold 4s. Wilson & Co 1st 6s. 24 RAILROAD. 107 103 112 103 132% 100 “RRND HARBHRE R ae ARG e R~ 6 96 3 98% 5 M [3 107 107 103 103 12 112 103 103 132 132% 997 100 98 984 T 96 98% T 94% 94% DIVIDENDS. Po- Pay- riod able. § Stock of Corporation recor Amer Chicls do 8% pf Rate Gt West Ry Co. TG White Q 1% % spite of lighter receipts during the current week, the net into storage movement continued heavy at the four principal markets, showing only a slight slowing down in the rate of in- ase. During the corresponding pe- riod a ago the into storage rate was decreasing more rapidly. Production has shown the usual ceasonal decline, although it is less pronounced in some territories than in others. Producing conditions gen- erally have been more favorable this duce the small producers in the Sen- inole fleld to reduce' their activities, since they feel that if they cut output and thus raise prices, their own prod- uct may come into competition in a roundabout way with cheap Russian oil. . The situation in steel, which s grow- ing more satisfactory, 18 the surest in- dicator of the tendencies in coal. If steel men anticipated that the coal strike would grow more menacing or that the non-union fields would fail to o a Rica 7a | 043 1 Danish Cons 515 083 Denmark 83%s.. 101} 3 Ger Cons Min ,smmz I Huu L 7 FEEEL, M 1 Mor n"Bocat 3% 2 Mor Bl Chile s 9! 1 Mor Bk Demk 6: 14 Perelli 75", 3 Pernambu i INDEPENDENCE | Mortgare Investment Dent. | SHANNON: & LUCHS 1435 K Street N.W. Main 2345 Wm. S. Phillips & Co. Incorporated 1516 K Street N. 94% i 99 93w 99 | BBl e 102% 103% 103 108% 103% 103% 10 110 95% 954 103% 103% 72 Y8% 96% 107 86 ¢ the op- | Suppose the profits are ¢ is bright with In the latter th supply them with requisite tonnage, steel prices and operations would not| =2 7 B be as steady as they are. R The figures on automobile produc- Swia Gt e 10008 tion “so far this year are slightly dividend. under those for the corresponding period of 1926, but this does not take account of the fact that one of the targest producers has been putting out practically no cars for weeks. The business is as large, but ghe larger part of it is in fewer hands. Building is holding up remarkably, although some skilled men are idle in certain sections. The lumber situation is showing slightly more strength, but cement is facing the fact that capac- ity of plants now is larger than con- umpton demands. The non-ferrous metals are stiffening in price and buy- ing has been fairly active, largely for foreign account. Production in lead, copper, zinc and silver continues high. Cotton Aids South. The better statistical position of cot- ton has hagd the effect of strengthen- ing all lines of business in the South. In that section they feel that abandon- ment of acreage, restriction of plant- ing, the boll weevil and heavy ship ments abroad all point to higher prices by ginning time, and they are buying other commodities in consequence. The progress of the tobacco manu- tacturing companies has been remark- able. Cigarette sales are up 10 to 30 per cent for some lines. The cheaper cigars also are selling well, and the prospect seems bright for higher prices to the grower. Apparel is selling better “In the wholesale markets, and the outlook for Fall retail trade is regarded as good, but the leading woolen manufac- turer continues to operate its plants at 60 per cent of capacity or under. It will open its staple and semi-staple lines for men’s wear next Monday, three weeks later than a year ago. This delay indicates subnormal de- mand. Wool prices are firm. On the other hand, the cotton mills of Georgia are estimated' by T. K. Glenn, presi- dent of the Georgia Manufacturers’ Association, to be operating at 110 to 125 per cent of normal single shift capacity. Earnings of the electrical equipment companies are setting new high rec- cords. In one case the gain for the yu: so far has been nearly 18 per cent e it % \ Aug. 10 | vear, with no extensive area seriously Lu.r.lau;)fil_,{.r SQAw_ 5 Sopt. "1 Aux 10| in need of rain, X EMBARGO ON MELONS. Init Pennsy Acts Because Heavy Move- ment Has Caused Spoiling. Special Dispateh to The Star. BALTIMORE, July 30,—The Penn- vania Railroad has deelared an em- 2 103% 18 103% 2 110% B &O PLEWY 4s.. 2 95'% B&OSWEsS0. .. 110%% Brdwy & Tth Av6s 2 2% Rklyn Manhat 6 2 9 Buff R & Pitt 4% 1 Canada South bs... 1107 the market | canad Pac deb 48.. 21 86 on then 15 10 | Gan Pac 4 %8 48 2 98% ind buy | General Pacific 48.. 2 93% bargo on watermelons from Southern a rela- | GnesaCorpbswi... B1 97 p et points because the heavy movement o0 repeat the |cpi B & Qgen 4558 2 95K 95 ad. Xat.’ Rwy. i + |to Baltimore has resulted in spoiling a CB&Q4%sT7B.. 11 98% 98% 5 % 987 Hlarge proportion of the crop sent in tuation | cpyg B I gnba61 11 8% 87% this direction. If they | ani Gr West 4869. 5 71% Ti% Commission merchants say that <8 Of suc-| CMgSPcvbscrsl4 3 62% 62% from 15 to G5 per cent of the melons ONS OVEr & | Chi NW 4%52037.. 1 98% 98% ) % reaching here in the past few days capital has ap- | CpyR1& Pre4s.. 11 94l 94% 9 grie Buy Co. 7n 1 o 1oy 4 | have had to be condemned. 15 10t always | Ghy T H Inc 68 60 1 93 93 Gopdvear T. & R. bs 1028, Shipments have been from three to or not stocks|cg w 15%s62 1 104% 1047% 101% six days late, it was said. avr-f‘xl' l{’h’m. ich conditiong, et % oy, | Humble Oi I s ‘| Del & Hud cv 5836 73 142% 142 142% eep in | 9% 9% 9% SILVER QUOTATIONS. NEW YORK, July 30 (#).—Bar Mass. Gas Co s 1046 | Den & R0 G cn 4 1 - i 86% 87 silvel 15; Mexican dollars, 42 The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Md., for 3. 5 or 10 year terms on your 5%:% Apply RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Telepone Main 9700 08 R growir 101% 101% i vy promise e POULTRY IS STEADY. NEW YORK, July 30 (#).—Live poultry, by freight, steady: no quota- tions on express. Dressed poultry quiet, e SHORT-TERM SECURITIES. market mar (Reported by J. & W. Seligman & Co.) volved, Am. Tel 107 Ameri, price he & Tel. Co. 45 1020 & Onip s 11 n Pet C. RUBBER UNCHANGED. NEW YORK, July 30 (Special).— Crude rubber, smoked ribbed sheets, was unchanged at today's quotation of 343 cents. This compares with 35% cents a month ago and 40% cents a year ago. €hi.. ) Chi; R. 1. & P Contine: & Cunard 8. §. Apartment Office Building Home Business Property INCOME SHOWS GAIN. NEW YORK, July 30 (®).—Ameri- | can Water Works & Electric Co. showed a substantial increase in net income for the year ending June 30 over the preceding 12 months. Con solidated net income, after charges, amounted to $5,100,037, the equivalent of $6.20 a share on the common stock outstanding, as compared with $3,750.- 914, or $4.37 a share, in the year end- | ing June 30, 1926. SNUFF OUTPUT GAINS. NEW YORK, July 30 (#).—Th: production of snuff increased in the | first five months of the year to 16,860,115 pounds from 16,785.902 pounds in the same period of L\s( year, according to current estima The industry is controlled by thres large companies with substantial earning capacity. WOOLWORTH SALES UP. NEW YORK, July 30 (@.— F. W. Woolworth Company closed the first half of 1927 with sales of §116. 766,245, an increase of $9,564,796 over the first six months of 1926. | —_— BUTTER IS STEADY. NEW YORK, July 30 (#).—Butter steady; receipts, 8,932 tubs. Eggsfirm; receipts, 10,714 cases. Cheese nudy nnum, 175,779 Poxes, New \'nr"( Tel, s 1031 [ DRioG Westbs... 2 87 86% 87 |Pui®bi"es i Erie gen 4s L4 TR IR TUA| Sin rioconv 4s A.... 39 K4 83% A3 | Jou. Fac R R Co ds 1 | Erte conv 48 B. 4 8414 Bd% 4% | Qi ONl of NI obin. r1e conv 48 D.... 106 1274 124% 1274 . 1020 rie cvt 58 67 wi... 26 93% 93% 43% stocks 4,( | irie Genessee R 2 114% lll(?h |1|,’m still holds | Erfe (Pa)cittr4s. 5 102'% 1024 102% A * FlaEC5874...... 8 968% 96% 6% | Gr Trunk stdb 8s.. 6 107% 107% HIT:—‘“hMImx Giee & Great North 6s, 16 104% H‘l:‘ :!‘r:‘. )01 setbacks | Gr Nor gen 78 8 114% V‘ . e i al \,”[\,\nu: Hnud & Man re 99% .*:.7“ 9'!'\. to the profit | Hud & Man af b 90% B89N 90% Zoubt - hethe | 11 Cn} A NS85 e Maturity., rades of the Bdith varfety. common stocks in the | (11 C-CStLt4 97 9T% 97 5 > . i i e 7 191 4 ent. 18 = CRYSTAL FALLS, Mich.—The ok inely by aiponing of | nt g::;:nfi::lw' % Ton 8 % 103 1001852 * | Corrigan-McKinley Steel Co. has sur- this time, even though the | Int Rys C A 6872, 101 100 ;‘;’:’:lel:\l}r}nélahl:gfas _llzr)\wlr;)em;léil"l;rd‘: o does look very high. ,x\.m.-cnyg:- sl \Z{;w 5;;‘ H00 owned by the Michigan Iron Land & Emebhoredndt.. 1 98 uB% u8% Lumber Co., a Ford subsidiary, and i e ¢ it is possible the Ford company may Man Ry 18t 9 2 gy AL L | i operate the mine. Market St 78 40. % 1004 100% _ [MUEIRy&LSa61 4 99% u9% 99% ATLANTA. —Extensive prepara- |MStP&SSMcends 5 88 KTu 88 tjons are being made in south Georgia 420 MK&T6sC.. 8 103% 103% 103% for the tobacco auctions which will 30| Mo Pacificgen 4s.. 10 77 76% 77 |Rome: nar begin August 2. Buyers for the larger I8 MoPacbs1985.... 3 99% 99% 99'% | Zurich. franc exporters already are on hand. 191 Mo Pacbs77rcts.. 29 994 98% 98%|Athers druchma. YOUNGSTOWN.—Despite adverse au ERy 4867, 2 9% 59 59% | V! weather conditions cement sales of 3 105 105% 105'% | p the Bessemer Limestone & Cement Crfim "blll 12 100% 100% 100% | Wars zloty. Co. are at a higher rate than those o 10 106% 106% 108% Gopienbazen. ‘crown. . of last year, and are 'llnln‘ rapidly 1 108% 1084 108% Stockholm. crown according to President L. A. Beegly. stead ! sho reen mmlp by | . i o, oIt o Commodity News that NEW ORL NS, July 30.—New crop rice is coming into market in increasing quanties. Buyers are hold- ing off waiting for a better estab- lished market, but holders are firm and demand 7 cents a pound for best s 1935 5158 1948 TREASURY CERTIFICATES. (Raported by J & W S eached the limit her resources First Mortgage Loans On Improved Properties or for Construction man & Co. Low INTEREST and COMMISSION We accept promptly every good loan offered B. F. SAUL CO. Main 2100 925 15th St. N.W. FEDERAL LAND BANK BONDS. Closing.) Approx FOREIGN EXCHANGE. (Quotations furnished by W. B Hibbs & Co.) Nominal Selling checks #old value, today. “$3H005 $4.65% Tah 193 uoted by Alex. Brown & Sons. (Quoted by London. pound Montreal.dollar Paris. franc. Brussels. . crown. crown.