Evening Star Newspaper, August 3, 1927, Page 11

. * STOCKS CONFUSED ON COOLIDGE STAND Sharp Drop Followed by Rise' Aimost as Swift—Bear Profits Small. BY GEORGE T. HUGHE! Bpeia h to The N YORK, Au nou by ¥ his with ca e Disp St 1t ident a election being to E the threw sion. T ifier the ind there market to app toda The firs A wideopen break prices recorded breaks tir nywhere from 2 to itly popular spec- almost 15 points in Huge blocks wrd for whateve e en made public w ulative sto were thrown overh they wonld bring ral Motors opened down Atchison was off more th nt General aldwin 4 points 1 50 on down the list. stop loss orders were ur volume and the decline accel rated as much Rally Ts Swift. Then there came a rally almost as not cancelling was Gen- eel it ransactions were on In the first half over a half mil- fion shares and the tape was 15 mi s behind bu 1ess on the floor. Traders who attempted to time their oper: ticker were subjected to hes los The severe test to which th spec wplative position was put revealed one or two facts that have heen pected all along., One was that while nvestment support heen the ! 1l through follow - iss closed at points; having most Steel over Un- the start 4 bad dec) & very large s hour ‘there we sus- the rise, Ing had grade rails > spe tacted. The today just as Fasily as stocks ich do not pre- tend to any invesiment merit at all. Another conclusion to he drawn was t there still was enough buyving jower in reserve, ready and willing to ! advantage of any opportunity fuch as was afforded today. Bears' Profits Small. There is not much use commenting o the on of individual stocks. In -, the steel shares were . not only United States independents. In the kness of At- This is ad ment rail- sold ake support , but ad group the we phison w: a surpri: ittedly prem road stock, but it eadily as any other. Stocks which Ln\ been under pressure a long time, #uch as the oils, were affected insig- r antly. United ates Rubber, in thich there is la short interest. went down only fractionally. Incidentally, it is doubtful whether foeculators for the declined much 1 the day proceedings. Fiev 1 heen sho pafore today, they had little opportu- ity to cover until their orders were l» at the open Attempts to buy in short contracts were almost alwayvs . Then there was the mken Roller Bearing, which up over 13 points on the fayv hefore ainst an overcrowded | fhort inte: Timken opened down | with the rest of the list at the start. but before the day was half over, it ad sold at a sharp gain over the pre dingz close and at the highest in its Sl inve: 17 fad gone Washington Stock Exchange SALES. —R3500 at 104% . v P A B at 1061 Wach. Gas 6e Wach B. & E Can. Traction Co.—1 Fot. Elec. pfd. Ga— 10 20 com.—15 at 125, s+ Drug Str pfd—5 at 109%, at 1001 AFTER CALL. nfd 30 at 101%. HAN—S200 at 1021 5 at £300 Elee. h. Gas 6 Rarher & Ross 618—S1.500 at 98 11 loans. 3 and 6 ner cent, Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Tel_ctl 1r R. R Asked phas 10015 D104 an g, 0615 1001 L 101 10115 a6 Dol = ior 1081 - | carmn jaa 105 i0: 97 a8 1 ina 400 ot W TRUST COMPANY 110 joni, res of hoth bare and weather- have heen | Eaton Axie (2). yroof copper w ind ca advanced one the American Liass Co, a pound by high | was liquidated as | profited | of the market | |Chi & East Ill... 46 + | ChileCop (213;), Open 99 6% 163 12% Abitibl Pow (6). Abrahm&Strau Adams Exp (6). Adv Rumley. ... Ahumada Lead. . Air Reductn(16) | Ajax Rubber. .. | Allied Chem (8). Allied Cm pf(7). 123% Allis Chalm (8), 108 Amal Leather... Amerada (2).... Am Agricul Chm Am Agri Ch pf | Am Bank N (2). ¢ | Am Bk Not p£(3) 61 Am Bosch...... 19% | Am Br Sh(j1.60) 43 Am Brown Bov. 12 Am Brown Bo pf Am Can (2) e B | Am Car&F (6) 100 Am Chicle (3).. o6 Am Drug (80¢) 13 Am iucau (2.40) 39 Am Bxpress (6). 113 Am & For Pow. . Am Hide & L pf. |Am Ho P (2.40). | Am Ice (110) | Amer Ice (rts).. | Am Internati(2) Am La France. Am Linseed. ... | Am Linseed pf.. 19104 5 points | Am Locomot (8) 1055 107 | Am Machine | AmMa&Fy pf(7) 149 | Am Metals (3).. 40% | AmMetals pf(7) 111 | Am Piano (3)... 36 | Am Pianopt (7) 9 {Am Po& Lt (11) 61% | Am Radiator(5) “ Am Ry Exp (6). Am SafetyR(33) Am Seating(t4). | Am Ship & Com. 4 { Am Sh 1dg (8) 95 | Am Smelting (8) 169 |AmS &R pf(7). 1304 | Am Snuft (12).. ' | Am Stl Fays (3) . | Am Sugar'(5)... ®6% | Am Sugar pt (1) 112 | Am Sumatr; 6014 [Am Tel & Ca(6). 33 101 4674 4T 1 by the auotations on the |Am Tel&Tel(9) 1674 168% Am Tobacco (8). 114} | Am TobaccoB(8) 1411 | Am WW (c1.60). 94 | AmWWefls 1.60. 95 Am Wat Wks(n) | Am Woolen. ..., | Am Woolen pf.. | Am Writ Pa ctfs | Am Wr Pa nf cts Anaconda (3)... ArmourDel pf(7) Armourot I11(A) Armourof 11l (B, 5% Arnold Con&Co. 331, Asso Dry G(2%) 434 Ass0 D G 1st(6). 104y AUT& SF(19%). 193 Atchison pt (5). 10314 AUCL (18%).. 1994 AtUGUIL& WI.. 36 Atl Refining (4). 115 Atlas Pow pf (6) 102 | Austin-Nichols.. 7 Austin-Nich pf.. 37 | Baldwin L (7)., 246 | Balto &0 (6)... 118 Balto & Oh pf(4) 78 Bambgr pf(6%) 107+ | Bang & Ar (3).. ¥0 Bang & Ar pf(7) 114 Bangor & Arrts. 3 Barnet Leather. BarnsdallA(21) Bayuk Cigars. Beacon Oil. Beech-Nut (13). Belding Bros (2) Best & Co...... Bethlehem Steel Beth Sti pf (7).. 1 Bon Ami Cl A(4) Booth Fisheries. Booth Fish 1st. . Botany C Mills A Briggs Mfz (3). Bkin-Edison (8) Blkn-Mn Tr (4). By Man T pf(6). Bklyn UnGas(5) 126 Brown Shoe (2). 41 Brunswick B(3) “ Brunswick Ter,. 10% Buff Roch&P (4) 94% Burns Bros pf(7) 92 Burros Add(t4). 97 Bush Term (b8). 584 Bush Ter de (7). 1023 Bush Trm pf (7) 117 Butte Cop 50c), 4'y Butterick (g2).. 52%4 Byer &Co...000 80% | Calif Packg(4)., 63 | Calif Petrol(2).. 2: Calumet & Ar(6) Calu & Hecla(2) Canada Dry (3). 507 | Can Pacifie (10). 190 Car CI&Ohio(3). 5915 Case Threshg (6) 260 Cent Alloy (2).. ~ 23% Cent Leath. . 1 Cent Leather pf. 7513 Cen Ry NJ(t12), 328 Century RibM.. 12 | Cerro dePas(15) 61 | Certain-Teedid) 51% | Certo (1235). 6 Chand-Cleve, 7 Chandler pf(21) Ches & Ohio(10) Ches Corpn. . Chi & Alton Chi & Alton nt.. 45 46 8 4 46 7 18% 191 [ 81 1%y Chi& Bast 1l pf 75 | Chi Great West. 1 | Ch1 Gt West pt.. | StP.. | Chi MN&StP DL, 311 |CM&StPefs., 1 |C M&StP ptefs. 3 | Chl1& Nwn (4).. 91 Chi P’ne Tool (k) 130 Chi Rock Is (5), 11 CRI&Ppe(6). 100% CRI&P bt (7). 108% Chl Yellow C(1), 9 Childs ($2.40)... 0% 3 Christie B (1.20) 61 Chrysler Corp(3) 52y | Chrysler pt A(8) 11 | City Stores (). 51 Cluett Peab (5). 664 Cluet Pea pf (7) 11y% | Coca-Cola 15)... 117% Collins & Aik(4) Collins&A pf (7) Col Fuel & lron, iy Col Gas & I (5) 94 | Col GRE pt A(6) 1075 | Col Carbon (1), 74 | Com Cred (1). 3 | Com Cr pf B'(2). | Com Cred pf 614 |Com Crpf (13). | Com Solv B (8). 360 36 16 014 : | Com Powr | Conde Cong Cigar (4).. Con Cigars (1) Consol Distrib W Consol Gas (5).. 109 | Cons Gas pf (5). sl ConlRRC preé 6 Consol Textile. . { Cont Bakg A1), | Cant Baking 13, “ont Bak pf (8). Can (5) K | Cont Insur (6).. 159 Cont Mot (80¢).. 11% | Corn Prod (13)., A4 Coty Ing (5).... 92y CrucibleSteel (6) 92 Crucible pf(7).. 108 Cuba Cane Sugar Rl | Cuba Compy (3) 21 Cudahy Pkg (4). 18 | Cushmann pf (8) 111 | Cuyamel Fruit.. 41 | Davison Chem.. 31 Del & Hud (9).. 2111 Del L& W (17), 164 IDRG Wstpf.,. 5H9's Detroit Ed (8).. 149 Devoe & 1R(2.40) Devoe& R 15L(T) d Mtch(8). Bros Cl A Dodge pf (1).... Doma Mines (1). 17 Dunhill Int (4).. 49 Dupent (19%).. 280 | Eastman (18)... 167 4 12% 88 105ty Y ! Etsenlohr & Bro. El AutoLt(16%) 1308 17 264 328 2 Received by Private Wire Direct to The Star Office. Hich 1005 99 100's 16 193 1910 193 wa BW 9 150 ¢ 156 157 1234 103% 108 a1 61 61 601y 10 ' 100 113 114 21 21 61 65 47 -l}’u} 121 121 1N H0's 50 o | ol i 67% 65 65ty 10478 107 I 9 93 149 149 40% 45 | 1l 110 1l 611 | 1307 101 467 60% 128% 61 129% | 101 101 | 461 4515 47 a7 4 4 17 130% 1264 55% 87! 112% 617 33 5314 8614 12 55% 87 124 60% ol 83 3% 1671 168 143 144 14l 14 98% 95 Léd'y 1444 a4y 1045 197 10314 201 1041y 104% 193 1 103% 1 199% 1 36 118 101 i 99 36 110% 101 1200 73 79 107% 107% % 19 114 114 314 | BT 87 15% 15% b4 5 21% 221 49% 494 53 B3 112 1120 b6 87 7 46 B 6% 27 491y 2% 2T 169% 1 R2% 126 405 41 29% 30 10% 10% 41 30 10% 95 92 98 5814 1024 17 4'% 5213 80 64 2314 69% 157 504 190 190 B NO'y 25614 262 20 2 1% d4 8y TRl 328 328 1% 11% 60t 614 51 Bl 6 T6% 7+ 87 18% 18% 191 1954 70 704 L 15% 45% 79 16% | 3Ty 16 31 15 30 91% 41 " 52 19135 Rty 0% 14% S'y 12 62 Bl 6% 7 18% 195 % 16 3% 15 0% 92% 130 113% 1007 10815 39 108% 108!y 39 39 6% 6k 119% 119 LBt 1173 | 106% 1075 | 104% 105 %6 6% | 114 [ 1057 87l 360 53! 40% 3681 543 368 5% 403 Low. Close. | i E Hud Man (2%). \ Electric Boat... 1 Klec Power & Lt Elec Refrigeratn | E1Stze Bat (16) d John (5)... sineers Pub S 40).. T bt (6). “ed Min&S(10). d Mot T(f80¢) d Phoenix (4). sk Rubber sk 1st pf ( letschmann(3) Fox IF1im A (4). Freeport (14%4). Gabriel Sn(313)! Gardner Motor.. Gen Am Tnk (3) Gen Asphalt « Open Ty | Fisk 15t pfeve?) 101 Gen Elec (15)... 126 GenElec sp(60c) 1 Gen GasA(ol1) GenMotors(110) Gen Outdr Ad(2) Gen Ry SIg (5). Gen Refrac (3). Gimbel Bros.... Glidden Co..... Glldden pr pt(7) Gold Dust...... Goodrich Ru (4) Goodrich pf (7). Goodyear pf (7) Gothm S H (214) Gotham new 213 Granby (4)..... Grt North pt (5) Gt Nor pf efs(5) Grt Nor O(1%). 1% Grt Westn Su(8) 1 Great WnSug(n) Gt West S pf (7) Green Canan, Guantanamo, Gulf Mo & Nor.., Gulf States (5). Hanna 1st pf. Hrtn B b10% | Helme Geo (4).. Hoe & CoA..... Hollander & Son Houshld P(3%). Touston Oll.... lowe Sound(4) 60 Hudson Mo(314) {up Mot (1.40). Ilinots Cen (7). 111 Cent pt (6) Indep Of1 (1). Andian Mot (1%) Tndian Refining. Indian Refg ctfs Ingersoll-R(t4) .~ Inland St (215). Inland St pe (7) Inspiration..... InterboroRapTr Internat Agri... Int Agricul prior Int Bus Ma (4). 1 | Int Com Eng (2) Int Harv (§6)... Int Mteh pf(3.20 Int Mer Marin, Int Mer Mar pf.. Int Nickel (2)... Inti Paper (240) Int Paper pf (7). Intl Silver...... Int Tel & Tel (6) Int Tel & Tel rts Intertye (t13%). Towa Central.... Jewel Tea... Jones Bros Tea.. Jordan Motor. .. KCP & L 1st (7) Kan City South. KayserJ (4).... Kelly-Spring. { Kelly Tire 8% pt Kelsey-Ha Kennecott C (5), Kinney (G R)... Kinney pf (8)... Kraft Ch (113%). Kresge (1.20)... Lago OI1 (3).... Lambert Co (5). Lee Tire & Rub. . { Lehigh Val(33%) Lehn & Fink(3). Lig & Myrs(£44) Lig&MyrsB(f4). Lima Loco (4).. Liq Carb (3.60).. Inc (2).. Louisiana Ofl, .. La Ol of (§%).. Louis & Nash(7) Ludlum Steel(2) McCrory B(1.80) Mcintyre P (1). Mack Trucks (6) Mack T 18t (7). Mackay pf (4)., Macy R H (5) Madison Sq Gar., Magma Cop (3). Mallison & Co. Mallison pf (7) Mandel (214)... Man El Sup (5). Man El m g (d5) Man Shirt (134). Market Street. .. Market St prior. Marland Ofl..... Marlin-Rek t3% Mathleson (4).. May Dept S (4). MaytagCo(t2%) MetroG pf (1.89) Mexican Seab... Miami1 Cop (1).. MidContinent(3) Middle States. . . Mid States Oll et Midland pe(t12) Miller Rub (2).. { Minn & St Lout | Min St P& SSM. Mo Kan & Tesx. . Mo K & T pf (6)., Missourl Pacific. Missonrl Pac pf. Montana Pow (5) Montzmry W(4) Moon Motor-...... Motor Met(3.60) Motor Whi (2).. Mullins Body... Munsingwr (3) Murray Corpn. Nash Mot (14%) Nat Bellas Hess. Nat Blscutt t5% Nat Bise pf (7). 10y a8l 6% 19 i 92'n 947 10804 Blg 234 48'a ur 1 442 44 3 30% 218% 211y 1643 161 59ty 914 199 149 110 109, 136% 132 175 1704 67% 674 Tw T 50 49 299 280 171% 167 170 27in 26% 274 125 12% 128 88% - 88 108! 8 234 48% 111 iy 108 8 214 4% Nat Cash R(A)3 Nat Dept Stores Nat Distillers at Distillers inamel B ad (5).. Nat Pw&Lt(80e) upply (4). at Surety (10). Nevada C(1%).. NO Tex & M (1) N Y Alr Br (3). N Y Cent (8). N Y Central r NY Chi&StL(11) NYC&StL pf(6). NY DocK....... NY & Harl (5).. Y NH & Hart.. Y Ont & W (1) Norfolk South.. orthn Cent (4). orth Pac (5)... Nor Paccfs(5). Of1 Well Sup. Oil Well Spt. Omnibus. ..., Opnhm Col (4) Orpheum Cir (2 Otis Elevator Otis Elev pt (8). 12 Otis Stesl Otis St pr! 1 39% Gulf Sta 1st (7). 103 14815 19 134 19% 2315 8 L % 83l Owems Bot(Cts). 9% Hirh 1T 10219 116%9 102 116 B84 68 384 96ty 96'3 18's 1170 39% 121 0 | 5iv | 6 52 40% 115 9% 49% 81% 931 EEEN 5% 1074 13 704 27'% 13315 36 1085 13 0% 271% 9% 12% 8% Paclfic Coast.... Pacific Gas (2).. Pac Tel & Tel (7° | Packard (12.90). Paige Motor. Pan-Am (6).... Pan-Am B (6).. Pan-Am West B Panhandle...... Park Utah(80c). Parmt-Fam (j8) Iford chan Pathe Ex A (4). Patino(1.21 2-3) Peerless Motor. . Penick&Ford (1) Penick&F pf(7). Penn C & Coke. Pa DixfeCt(3.20) Penna R R (31) Peoples Gas (8). Pere Marq (18) e Marq pf(5) M prior 1C05 T PhilaCol Phila& RC& 1. hilip Morris. Chil-Jones pf(7) Phillips Pet (3). Phoenix Ho Plerce-Arrow. ., Plerce-Ar pf(8). Pierce Oil pf..., Plerce Petrolm. . Pitts Coal. b Pitts Coal nf.... Pitts & W Va(§) Postum (5). Pr Stl Car pf(7). Prod & Refiners. Producers&R pf. Pub Serv NJ (2) Pub Serv pf (6). Pub S NJ pf(7). Pub SE&G pf(6) Pullman Co (8). Pullman ctfs(8) Punta Ales Sug. Pure Ol (12), Purity Bak A(3) Purity Bak B(2) Purity Bak pt(7) Radio Corp of A. Rand Min(a1.67) Reading (16)... Real Silk Hos(4) Reld Ice Crm(3) Rem-Rand $1.60. Rem-Rd 15L(7).. Rep Ir & St (4). Reynolds Spngs. Rey Tobac B (5) Robt Reis & Co. . Rossia Ins (6)., RoyalD(al.33%) Rutland pf...... Safety Cable (4) St Joseph L(13), St L&San F(18), St L Southwest, Schulte (3%). Seabd Alr Line., Seab Air L pf. Sears-R (n2%).. Seneca Coppe: Shattuck F G (2) Shell Un (1.40).. Shubert The (5). Stmmons (2).... | Simmons pt (7). Simms Pete..... Sinclair O11 inclair pf (8) Skelly O1l (2), Snider Packg Co Snider PKg pf. .. SPortoR Sug (n). South Calif South Dairies A. Sou Dairles B... South Pac (6)... Southern Ry (7). Spicer Mfg. ..... South Ry pf (5). Std G & E(3%).. Std G & E pt(4). Std Mill (5)...., Std Millg pt €6). StdOilCal(12%). Std OILNJ(11% ) Std Oil NY(1.60) { Sterling Pro(16) Stewart-War (8) Stromb Car (2). Studebaker (5). . Submarine Boat. Sun Oil (11) { Superior OIl. Symington, Telautogra (60c) Texas Corpn (3) Tex Gulf B t4%. Tex & Pacific. .. Tex PC&O(60c), Tex Land Trst n Thatchr pf(3.60) The Falir (2.40). Third Avenue. .. Tidew Aso (60e) | TideWat O(80e) Timken (314 1) Tobac Prod (7). | Tobac Prod A (7 | Transcont Ofl. . | Transue & Wil.. Twin City pt (7) Underwood (4).. Un Bag & Paper, Union Carb (6). . Union Ol (t2%) Un Pacific (10).. Un Paclfic pf(4). Union Tank (5). Utd Cigar S(c2). Utd Cigar St w.L. Un Cig St pf(7). United Drug (9) | UtdDrg 15t(312) Utd Fruft(t5%) USCI1P&EF(10) U S Dist cfs new US Dist pf n(1). U'S Hoffman (4) U S Alcohol (5). U S Ind Al pf(7) US Leather A.. USLeat pr pf(1), S Realty (4) S Rubber. S Rub 1st (8). S Smelt (3%). U S Steel (7).... U S Steel pf (7). Unv P&R(12%). ULl P&LLA ¢ Vanadtum (3) Va-Caro Chem ra-Car Ch pf (1) | Viek Chem (4).. { Victor Tlk Mch., | Vivadon (3).... Vivaudou pt () Vulean Detin. .. Vule Det pf (7). Wabasn,....... Wabash pf A(5), Waldorf (1%) Walworth (1.20) Ward Baking B. Ward Bak pf (1) Warner Plo A... WarF&Pipe Cer. W Penn El A(7). W Penn El pf(7) West P Po (6).. West P Po pt(7) West Maryland. West Pacific West Union ( Westhse, Westi u u u u o) Wesihse 1st (4), | Weston A (2)... White Mot (4).. White Roek (2). White Sew M(4) Wickwire ctfs. . Willys-Overland Wilson Co pf A.. Wison & Co pt Woolworth (5).. Worthn Pump. . Wright Aero (1) Wrigley (13%). Yellow Truck. .. YungstnS&T(5). Hourly Sales 11am,, Dividend rates gro the annual st au 5 P n _common stock, b Tes able toc] per cent in when earnied, Plus 10 1 : ;’HIJ stock, uarterly, ¢ Pl NING STAR. WASHINGTON. NEW YORK STOCK EXCHANGE w Close 17% #7y 136 124 Open. High. Lo 19% s 47T 136'% 136% 13 101 14 108 5% 153 189 B5'a 2T H6ly T8 107 5974 45'% 1204 32% 58 4314 9% 110 15 16% 9819 1% 48 147 484 101% 10: 145 1% g 4 1871 191 10415 10413 174 475 6060 23 18! y 9l Gty 507w 96'y 49 94 47 100 10% 101 42'% 116 % 96 2% 204 1% 17% 241 2419 901 905 25 2% 214 21 107107 1 111% 1064 1661y 15 115 51 53N 40 41u 163 16530y 1177 179% By Bi'y ol ol 4L A1 21y 17 33 106 106% 115 1 40% 56 56 324 33% 324 382 85 854 85 8% on N. ¥, Market. 818,500 12 noon, 1,368,600 1p.m,, 1,766,400 vavments ration: rwise noted extra or special divi- uded € ege, shan 100 ghave Mook * '3 B1is 2/ A0 T 2 Paid ible voaiono recuisr rak common stock. bl 1 . s oue Bait of comamon ROk e | quotation | ot 1 | than they had closed last night, | of issues sold only fractionally lo tute of Banking, | ment 1 D. €. WEDNESDAY. STOCKS G0 HIGHER ON EXCHANGE HERE |Riggs Bank Shares Climb Bond Market Is Active in Today’s Trading. BY EDWARD C. STONE. “Ten shares of Riggs National Bank stock sold at 450 on the Washing Stock Exchange today, price reached in many sharp gain over last of 4747 T tion was firm at 10613, eetric Power 6 per cent 109, whil» the v osold at 1013, two sales in Merchants® torage common, this | new high for the v and an advance of 7 points of last transaction. Thirty shares Peoples Drug Stores preferred came out at 109%%, the stock now being ex dividend. ” The bond market was active, opei- ing with Washington Gas s, series 1, selling at 104%. Two small sales in the series A issue took place at 10214 Washington Railway & tric_45 sold at 1021;. The closing sale in Barber & Ross 612 at 96. Stocks Grip Local Attention. ocal board rooms were crowded at| Loc oot the New York Stock| this morning, heing rened, weeks week's Capital ered ea : per cent here were sfer stock s pre 3t e hie Wi following the announc President Coolidge vesterday. Most issues opened much lower then gradually began to come b General Motors, which closed :\,L st night, opened today around 222, dropped to 2211, turned the corner and in a short time had climbed back to 221, R Baldwin closed last night at 250. It opened today some 4 points lower, but soon began to come back. United Stntes Steel, which closed vesterd: At 137%, opened well below that figy today, but half an hour later h Iy made up the early loss. Mar observers here commented on the fact that most of the stocks recorded in their first sale almost as sharp breaks as they made. The majori for before rallying. There was a decided Jet-up in tension in the board rooms after the first half hour. Du Pont Steel Inquiry Explained. Tederal Trade Commission officials insist that the inquiry into the report- ed financial relationships hetween Gen- eral Motors, dii Pont de Nemours and United States Steel is intended as con- ctructive, 1t Is not based upon the \ti-trust Jaws but upon the fact-find cction of the Federal Trade Com- on act. itos Under the first paragraph of Section 6 of that act, the commission is given the power “to gather and compile in- formation concerning, and to inves \te from time to time the organiza- tion, business conduct, practice and anagement of any corporations en- \zed in commerce, excepting banks and common carriers subject to the act %o regulate commel and its rela- tion to other corporations and to indi- associations and partner- “Other angles which the comm| e develop In_the investization Wil he the stockholdings of the respec- tve corporations; what will be ‘the “ffect on the financial structure of the country in general it a $4,000,000.000 Corporation tie-up results; along With ‘onsequences of the concentration » power and credit in the hands of a few. Bank Construction Progresses. A Steam-shovel excavation for the oo irust Co.s addition has com. menced, The building is being razed | Whera the new branch of the Second fonal Bank will be erected, on G Tand the improvements and ex- ons being made by the Security & Commercial Bank, at sireets, are well under way. aundation is nearly done for the ot the, Farmers & Mlechanies: Nitional, at Tenleytown. And it wil ot b manyyweeks before the big ad dition to the Washington [ Trust Co, is ready for occupancy fa impro ‘ommodations concerned, Washington banks to he kecping up with their business growth. Miss Royce Highly Honored. Miss Mabel T. Royce of the Wash- ington Loan & Trust Co. has been ap- pointed a member of the national wom- on's committee of the American Insti- steady ceived here today from Secretar ard W. Hill, announcing Pro Villiams’ action * “’Ill‘ll;.i{.:“is one of the highest nmyun:\l honors any woman member of Wz ;»l\- ington Chapter has received. _)hqfi Royee is one of the most enthusiastic pter workers, and last year w man of the publicity pmmittee yied off first prize at \hl.’ re- ant Detroit convention for its efforts in keeping the institute before the publie. Miss Royce is 2 arter member of the W: ington Bank Women's Club, an ol nization of women hnmmcluh sponsible positions in local b: U nks. SIN“ Alko has completed with high rank practically all the bhanking courses offered at the institute. Heard In Financial District. sxecutive Vice President Albert Gatley of the Lincoln National B: will leave Washington next Satur for a month's vacation in New Eng- Jand. He will spend much of the time at Ol Orchard Beach in Maine. Mr. Gatley and his party also will motor through the White Mountains. es C. Glover, jr., president of <hington Stock Fxchange and A member of the real estate invest- m of Glover & Flather, has re- turned from several weeks' visit in Kurope, 1le spent most of his time with relatives in London. On his re- turn to the local stock exchange to- day he was given a most enthusiastic welcome. The Federal Reserve Board’s condi- tion statement of 662 reporting mem- ment made by | Ninth ber banks in leading cities as of July shows declines of $5,000.000 in loans and discounts and an increase of 100,000 in investments, together | with reductions of §40,000,000 in net demand deposits and $14,000,000 in horrowings from the Federal reserve | banks, Southern Dairies’ Profits Up. Trofit of Southern Dairvies, Ine. the quarter ended June 30, was 239 afte expenses, depreciation, tevest, etc., compared with a deficit of $181,625 in the Murch 31 quarter. Profit for first six months totaled $§: 614 atter above charges. Outstanding stock_consists of $162,500 no par class A, and 235,000 no par class B shares, ‘Net sales for the June quarter were $3,322,713, comparing with $2,520,8: in the March quarter, and for the six months totaled $5,843,567. - PRICES ON PARIS BOURSE. PARIS, August 3 (#).—Prices were steady on the Bourse today. Three per cent rentes, 58 francs 85 centimes: exchange on London, 124 francs 2 cen- times; 5 per cent loan, 76 francs 6 centimes. Thae dollar was quoted at 25 francs 53% centimes. . KAHN GETS POSITION. NEW YORK,. August 3 (®.— S Samuel Kahn, vice president, has been elected president of the Market Street Railway, succeeding B, Su Better Weather and First-of- vusiel m m o in nof smand AUGUST TRADEISBETIER INWARKET TODAY BETTER Month Spurt Are Prin- cipal Factors. Cool weather this morning enabled lays of erchants to make bett ost foodstuffs uits and v iprovement ted. The ins tive. 1oted, meat in the meat trade W market on first continues _stron o of 30 and there was a fairly goc s smoked pork products. n weather conditions, It quality por Aside ed, husiness usial surt about the fivst” of ling is reported about the mont normal fe¢ the Summe of was so slight, were not extent. the poultry pr m br yo veal, ‘ht weaken ‘t. The weakenin however, that pric flected to any No changes were reported and egg kets, ar rfces of most other commadities th orning were about the ices reported yesterday. Toda Butter— ub, Dealers the butt Wholesale Price store packed, 29. he! hens, 2! small, keat Spring heav: HUNg, Meat killed—Beef, 20; 20a32; shoulders 17a18; loins, 18, | medium, 1| lambs, 13 vegetabl choice, Eiye Ta8; Fruit and Vegetable Review. roday’s market report on fruits and | e H the Market compiled by News Service Bureau of Agricultur 1.00a1.50; ard flat ipplies lihera about stead ints, stand s, lity and pink meats, 5s, 1.00a1.15; Hon Dews, ( ard crates, 1 ponys, demanc © stern sup) market slig dozen crat Western market Lettuce— . Big Bost stock lifornia, ¢ dozen, 5.00a 1i good, low as S la dull hore, V lows, 1 100-pout ght, market few sales, 1pplies mode: market about bushel ba ¢ large size. best, dema; ery large iderable brown rot, , sales direct to retailers, irginia, bushel baskets, rge to very large sizes, hel basket medium 51 slight | Appreciable same as 18a20; fresh hams, 30a3 “moked hams, 26; smoked shoulder; de- | North | || light: | |! about steady = poore sizes, | 0a3.00; few | 450° Carmans, FINANCIAL,S moderate, market dull; Virginia, ern Shore, cloth-top stave-barrel Co blers, U. S. No. 1, 2.75a3.00, mostly around 3.00. Watermelons — Supplies moderate; demand good, market firm sales, South Carolina Watsons, 22-pound Geor : 34-ponnd average, 433.00. | ans—Supplies mand poor, : liberal; de- megrown, 501,00, Supplies moderate: demand market firm; bushel baskets, mbos, good quality and condition, n2.60; Delaware Wil liams, best, 2.5002.75; some ordinary condition, decayed, low as 1.50; cook- | ing apple ous varieties, medium excelle | Virgin Supplies light; de- market dull; Alabama, bushel hampers whites, 1.75a2.00; Ten nessee, hushel hampers Nanc 1S : demand light, . boxes Bart smaller, 3.50a rk | market st letis, large 5.0, »a AUTO MEN OPTIMISTIC. Production to Top 1926 Expected, Despite Slower Start. ated Press, is takes a slight h N | By the NEW Y( ecutives of the automobile industry are inclined to view with optimism the new automobile year, which began Au- #ust 1, with the introduction of new models. Manufacturers consider that | expected larger replacement and port business and delaved buving dus to uncertainty of Kord production in nd is sresh, 1-pound prints, 432! make prospects bright. The automobile year closed July 31 was mot as good as that preceding. | production being estimated at 3,830,000 vehicles, against 4,339,898 for the pre- vious year, It is consdiered certain that production this year will exceed that of the year just ended and may n- year, sl s EARNS $2.90 A SHARE. NEW YORK, August 3 (P).—The Manhattan Electric Supply Co. and | subsidiaries earned $377,559 during the tirst half ar, equal to 0 a share, 8 compared with $85 4 for the | same period last year, during which ]Hlllrl the concern sold its battery Jusiness, WE PAY MORE INTEREST | } ON SAVINGS ACCOUNTS | Than Any Other National Bank | i in Washington condition, | tand- Interest on DAILY Balances ey Come in and let us explain | | Commercial Nat'l Bank | 14th and G Streets Resources, $17,000,000 on ||| R. GOLDE! ates, lcchers type, 45 Onions—Supplies moderate; dem:l'nd‘ I OANS 50 We will gladly receive nd | and give prompt attention to applications for Loans on Washington Real Estate Current rates of est. nd er | inter- Should you have Money to Invest —we can also take care of you. Our experience, ex- 00; 0a | ivaY DAL SEORORAG Wanted to Buy Large Detached Home Must have seven mas- ter bedrooms, three serv- ants’ rooms. Kalorama Heights preferred. Address Box 459-] Star Office Available E are equip- ped to give prompt service on all applications for loans on Real Estate Security TCOSG... 1415 K Street Main 47 x| tending over a period of Thirty-five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. 0000000000000000000000000 CONSULT US 6% Tour's | Firs' to the Mortgage Inc. | Notes o S ashinzton. b & FIRST DEED OF TRUST NOTES s investment of plits tunds. 1 \iture by Wm. H. Saunders Co., ing NOW. 0000000000000 000000000000 Let your money earn you a good income. Call Wm. S. Phillips & Co. Incorporated Main 4600 1516 K Street N.W. 7QVATQYAIp\a1e Halls, | | | ? + August 3. —TLeading ex- | ex-1|! equal, if not exceed, the best previous ||| | DONALDSON, PRESIDENT | REAL ESTATE LOANS 51/, % FRED T. NESBIT 1010 Vermont Ave. Main 9392 Mortgage Money Loaned at Low Interest Rates Economie_Conditions Tyler & Rutherford Loan Correspondent Mutual Benefit Life 1520 K Street MORTGAGE LOANS On Washington Residences Business Properties PHILIP MILSTONE 1305 D St. N.W. M. 1929 Money to Loan Wash, L & Truat 5 Money Available for FIRST DEED OF TRUST LOANS 6% Reasonable Commission Prompt Repliesto Applications JAMES F. SHEA 643 Louisiana Ave. N.W. FIRST MORTGAGE 7% BONDS Secured by Completed Building Denominations $1,000, $500, $100 Call or Write for Circular Marlow-Beech Corporation 1615 Conn. Ave. Pot. 6167 First Mortgage Loans Applications Invited at 2% 5%% On Improved Property Construction Loans at Minsimum Rates Glover & Flather 1508 H St. N.W. Guaranteed I 0 Mortgage Bonds District intangible tax refunded. PROPERTIES secur- ing these bonds are owner-occupied homes in the District of Col- umbia. APPRAISALS by committee headed by Vernon G. Owen, Pres. Thos. J. Owen & Sons, real estate appraisers. District National Bank of Washington trustee for this bond issue. Payment of principal and interest uncondi- tionally guaranteed by FEDERAL SECURITY & MORTGAGE CO. Resources Over $1,000,000.00 1412 K Street Main 1960 L | | Bond Dept, Federal Security and ] | T11 K st | | : (affend me without obligation de- [ L R RN S RO Interest MADE ON REAL ESTATE §S B PHE|, REPRESENTING (e[} PROMPT LOANS FS Life Insurance Company Yo RESIDENCES, APARTMENTS, Per Cent BUSINESS PROPERTIES IN, DISTRICT OF COLUMBIA AND NEARBY MO MAIN 9300 GOMERY CO., MD. 1417 K STREET