Evening Star Newspaper, May 29, 1928, Page 15

FINANCIAL NATIONAL BANK of WASHINGTON Book Value, $212 Dividend, 137 Price at Market to Yield 4.05% We recommend this stock for investment. HARRIS, MOONEY & CO. Investment Bankers Southern Bldg. Washington, D. C. New York Baltimore Public Service Corporation of New Jersey Dividend No. 84 on Com- mon Dividend No. 38 on 8% Cumulative Preferred Stock ¢ Dividend No. 22 on 7% Cumulative Preferred Stock The Board of Directors of Public Servies C tion of New Jerscy has dec Cumulative Preferred share: at the rate o per Cumulative Preferred Stock, being $1 share; and 50 cents per ghare on t walue . Van Middiesworth, Treasurer. Public Service Electric and Gas Company Dividend No. 16 on 7% Cumulative Preferred ivid No. 14 on 6% Cumulative Preferred Stock “The Board of tors of Public Service Flectricand Gas Company has declared the regu- far quarterty dividend on the 7% and 6% Fre. ferved Stock of that Company. Dividends are - payable June 30. 1925, to stockholders of record the close of busness June 1,1928. T.W. Van Middiesworth, Treasurer. | } Don’t Hesitate | To Ask The Way MAN'S first invest- ment, even though the smount be comparstively small, is an event of grest importance. And it presents 8 grest problem. The tre- mendous variety which the markets offer may prove bewildering. But & man who owns many securities generally knows from his own egperience that the best way o select on ‘myestment siso is the simplest. He puts the ques- tion of whst to buy up 10 men whose business it is 0 sive the problems of investors. Write 10 us, o come 10 see Washington, D. C, Batiamme, Ma, Wikes Besre, Pa, MAY 29, 1928. FINANCIAL, THE EVENING STAR WASHINGTON, D. O, TUESDAY, 20NDS CONTINUE DOWNWARD MOVE Many New Lows—Govern- ment List Has Another Reaction Today. BY CHARLES F. SPEARE. | Special Dispateh to The Star NEW YORK, May 29.—With today's | decline the average of the domestic bond market was 11> points under that of the first of the month. There were { many new low prices for the year in |the better grade mortgages, including | Atchison 4s, Baltimore & Ohlo 4s, | Union Pacific 4s, Northern Pacific 4s, | Southern Pacific 4!;s. Great Northern 7s and some of the 4!> and 5 per cent public utilities and industrials. There was also another reaction in he United States Government issues. | For the first time this vear the fourth Libexty 4!3s broke below 102. They | have been as high as 104 in the last | few months. The first 41;s about du- | plicated their previous’ low of 10134 nd the long-term Tressury certificates were easier This was to be expected in view of the prospect of new Treas- ¢ financing on a basis more attrac- e to the mmpor{r\' borrower than vields on the outstanding bonds and rv,ou-s. Readjustment of Prices. The high money rates have brought a readjustment in the prices not only of corporation issues, but in those of municipalities and States. A number of these have been marked down to a 4 per cent basis. It has been diffi-. cult for borrowers on tax-exempt se- curities to obtain satisfactory bids. Some of these bids have been made purposely low in order to avoid the possibilities of a dealer being hung up with unsalable bonds in a declining market, The feature of the day was the sur- prising rise in Dod!e 6 per cent de- bentures. From 863, the low of the year, where they sold yesterday, they advanced st 1dily until at 95 they were 2'> points above the year's pre- vious - high. This coincided with a sharp advance in the preferred stock, though a dull market for the class “A" stock, into which the bonds may be convertible at $50 a share. Of the orig- inal $75,000,000 issue brought out three years ago at 99, $15,000,000 have been exchanged into class “A” stock, and | about $3.000.000 retired by the sinking {fund. While Dodge 6s were rising, | Goodyear 55 were being offered a point under yesterday's closing. Industrial List Heavy. ‘The industrial list generally was heavy. The copper convertibles de- clined, rallied and then eased off again. Beet Sugar 6s lost a point, Lorillard 5s over a point, Consolidation Coal a point, Youngstown Shett & Tube 5s were in free supply at par and there were losses ranging from % to 3 in most of the local tractions. It was a difficult market in which to sell the recently offered low-coupon | issues. Prisco 41:5 were off nearly a point from Monday’s price and at the lowest since the syndicate was dis- solved. Wabash 413s were likewise heavy. 8t. Pau! ts broke well under 75 and the Rock Island 4%s to about 94. comeback to the : was no ‘Ao‘::m“fil IM:W of the Sther = m«n bonds were freely | Washington Stock Exchange SALES. n 65 “B"—81 $200 at 106%;, $300 at 106%. Traction Co.~3 st 108%, 20 at 10815, 10 at 108%. Electric 515% pld.—5 at 107%. ey Monotype—30 at 1167 " at E National Mige. F (Rt Lib 8%s.. Liblst4ye 48 84819 USs%ss2 FOREIGN. Sales Hii Argentine 6s Ju b6y. 33 Argentine 6s Octs9 14 26 73 Bremen State 7s. Buenos Alres 7s 57 Canada §s 1931 5. 106 2 % Czecho 8s 1951, Denmark DE15%s Mch Dutch East | 6347, Dutch kast | 6s 62. Finland s f 6s 45.. Finland Framerican 7% French 7s. French 1%s i German EI P 6348, German Ts... Ger Am Bank 7 Ger Gen Eleo 7s... Greek 7 Hait: 6s Holland-Amer 6 Irish Free #e. Norway 65 1943 Norway 6s 1944 Norway 6s 1953 Orient Dev deb Paris-Ly-Med 6 Poland 63 40. Poland 7s (rets) . e rpulBncaXunn Queensiand 6s. Queensland 7 Khinetbe Un 7 Riode Jan ¥s . Sax0n (PW) 1s.... Seln T Sebtoolwan © 188 5 %8 1946 Swiss Confed 8s... CTYNS Utd Kingm %229 Utd Kingm b%s 37 Utd Bteam Copen 6. Uruguay 8s.. & Inv. pfd.—80 at 5%, FTER CALL. Capital Traction Co—10 at 1083 resapeake & Polomac Tel S5—81,000 . Potomac Electric 6% pfd—5 at 111%, Washington Gas Light—37 at 954;. Money—Call loans, 5 and 6 per cent. BONDS. PUBLIC UTILITY. & eleph a0 ractln Ciiy & Subarvas eorgetow e 1 | Potomar Eler " | Poromae Fiec. Cons | Botomae Fiee 6 1955 Wark. Alex. & Mt ok, Alx & W1, :u: A,'v':lh‘fl‘.’v', ash’ Wakt & An Wakigu G e S5 Gas Bu series | wamm @32 5 =000 4 Bloe, 45,20, " pam . & Klec. gen 830 102% MISCELLAXEOUS Barbor & Rows. Ine. 640 “nestnut ¥arms | 5 oo 1047 10m 15 2 & ¥ 270 425 . 280 COMPAXY y & Truet . 445 ish” 17% 2% 2 E g 190 i 1 4y 1% Each duy sufficlent rain falls upon the s { lartitard bn | Lmuiey G & K G 62 | Mont Fower deb bn .flm”“""{ U S Rab iot Yokobama 100 106 1 108 106t 100% Low. 100 8 101 22 100 2 101 31 101 30 106 % 10% 30 1328 zh Low 1001 100 100% 100 107 10 15 110% 105% 10084 9814 98ty 1 100 100% 104% 1001y 102% 110 0n 1007 108 107% 119 98 107 991, 104% 93 100% 100% 1023 102% 102% 1005 9945 104% 1034 9in MISCELLANEOUS. Am Agri Chem 1% 10 105 AmSmit& Ristbas 4 Am BmelL& R 6 146 Armour&Co 4 %39 12 Armour Del 5% 17 Associated Oil 68, Barnsdali 6 1940, Bell Tel Pa 6o C... 103 105% 270% 103 wi% 101 B2 106 1oei il %0 1W0% 1055 105 ¥on 1045 W 984 105 100% 10474 wile 15 104% 106 we Humble O & 11itnois Bell 1t 1ilinois Bteel ¢ Intl Cement b inti Match int Mer M. int Paver b8 47, inter Paper td iot Tel&Telog 4 Kayser & Co KanCity P& L bs. 25 KanG & gl onbs., 10 Lackawanns $11 69 Ligs & M 104 Joriiara (P 1 Mid Con 64w 40 10} it Tub st b ow ko L 1) N Y Edison bw 44 Y ki N Y Lol o NYTelbssel,, 5 Y Te' 6849 191 | Norts A w4l | tor Blates Pow b Nor BLstesiowss. . | Pusiic as & K1 b0 14 [ Was X &L 1016 | vas L& K be by | Pan-Amer Pete T Paraimont 6s 1947, Pathe Kxehange T8 1) | Poopie's Gas #hils Co bs 67 w ) Phile Corf n A, | ik iienn A by | Pieres Arrow ¥e, | vor 1t | iaminuionAs by 1o Jind 5 Yy wir 211 Biueiatl i W [ i 10 o 101% 1 108 104% Y9% 106% 108% 9 108 100 88% 105% 127% 136 Y2 934 102% 103% 109' 100% 1084 10 4 100% 10 102% 4 1084 104 o' 0% 104 o1 wh 9% o 104% 101 108 104 9% 105% 106% 108% 99'm Bk 106 128 134% Yy 93 102% 102% 109% 100% 103% 102% w5 270% 10 " ¥6% 160% Bt 1057 4 9l 194 %4 964 104 1% 102% 1675 Yin Lo 100% 101% 104% 99'% 104% b % ~ 104% 9 s 104% L05% 102 104% Y1% 1y o 10u% 1 105% 99 107 % 10iu Wwh 10, 10w 10H 1% 10m% 105 1% N W% Lo o 191 106 192% 8% Wik 1047 1904y 0% i 98% 193% 9% Wath 9% 10 % I i T “ 100 [ # Aueinie ) is . Saeinis Crone bige 5 [ #in Pipe Liue be, | mkally O1l 614 Bouth isel) Tel Boythwest iel) b Hrand O1) ¥ 4 6 Bug Bast Orient1s. 4 1 TenniiecPow 48 47 4 United Drug bu 68, 81 9 ribm,, 48 wh 4% 1044 Close. 100 8 101 23 100 2 162 101 30 106 3 108 50 11331 Close 100% 100 100% 981n 9T% 1 100% 105% 1074 105% 115% 110% 105% 100% 9 981 101 12y 1 1004 100% 1042 1003 1031 110 10074 108 1084 119 98% 1074 99% 1084 98 10045 101% 9T 99% 98 0% 102% 107 100% 100% 28 8 91 102 106% yan 95 102 97l 101 102% 102 103 100 9913 104% 105% 2% 104 106% s 10i% 1074 113 109% 108% 106% 95 107% 102 105% 100% 94 9% 103% 103 103 108% 101% 108 1045 99% 105% 1064 1u8% 102% 103% 109% 1003 103% 102% 105 270% 104 ok 1007 B 1050 8% 104'% 100% 0% 106 oYy 104% I I 9% 100% Yl " 1004 i W% paring b 104% 106% [ 00% 100% L] 107 WE4 e High 1024 108% 1p0% 100% 92 1054 104 110% 104% 104% Low. Close. 1025 102% 108% 108% 100% 100% 100 100 92 92 105% 105% 103% 103% 1104 110% 104 104 102% 103% 107% 107% 100 100 Sales US Rub 7%s 12 U 8 Steel sf b 10 Utah Pow & [.t6s. & Vertientes Sug 1s. 3 Warner Sug 78 39.. 5 Warner Sug 78 41.. 5 West 510 68...... 1 Westn Unfon 6%s. Westinghouse bs. Wilson & Co 18t WinRepeatAr 7%s 1 107% Yngstn S&T 6s wi. 210 100% RAILROAD. .30 92 1 6 24 9 Atchison ad) Atchison gen 35 Atlantic C L.cl 4s.. 10 Atl & Dan 15t 4543 5 Atl & Dan 2d 43 48. B & O SW 68 60. Brdwy & Tth Av Brooklyn Elec 8 BklynElevated Eklvn Manhat §s. Buft R & Pitt 4% Can Nat 4%4867... Can Nor 418 1935, Canad Pac deb 48 Can Pac 4%s 48. Car Clinch&O 6s 52 Central of Ga 5% Central of Ga & . 101 Cent Pac 181 6890, & Chesa Corp6s wi.. 16 Ches & Ocv 4%s.. Ches & O gn 4148 Chi B&Q zen 43 5. CB&Q4%sTTB. Chi& 111 kn b8 61. Chi Gt West 43 69, 43 w9 99% 894 99'n 2 109 1075 V3 100% 9414 101 100'% 94'3 101 89 69 90 StP 53 (new). 106 StP ad) (new) 337 Chi & NW gen 4s.. =2 Shi NW 4%s 2037, 10 hi & NW ref 5s... Chi Rys 63.... 100% 109 nlg 9% —ro Ch1T H Inc 6 Chi Un Sta 445. Chi Union St: Chi Union Sta 614s. - SeanmhiterarubRosx CCC&StL6sD. CCC&StLrfésA. C&Sistas2h. . Colo & Sou 4 8. Cuba RR 7%s. Cuba Nor 5%s cr Del & Hud 1strf 48 3 D & Hud cv's 36 Dei & Hud 5%s | Den & Kio G en 4 D Rio G West b Erie Gen 48 Erte 15t cons 4 Eriecvi 5567 wi Fla East 63 7 Gr Trunk stdb Grand Trunk 7a. Gt Nor4%s 76 D.. Grt Northn 4 s B, Great North bs. Grea: North 5% Great Nor gen s, Hav EI Ry 58 52. Hud & Man ref 5s. Hud & Man a) 68 111 Cent 445 68 11i Cent Chi 4348. . Ing Rapid Tran 100% 107% Kan City Term Lake Shore 43 28 Lake Shore s 31 Lehieh Vai i Lehigh Val 58 2003 long Island 68 37.. Louis&Nash uni 48 L&N4%szo03, Louts & Nash 7s... Man Ry 18t 90, Market St 18 40 Mi: Er Ry & L §i Minn & Stl ref MSLP&SSMindsztd M St P&SSMS%s M StP & SSM 658, MK&TIstds.. MK MK &T4sb.. MK&Toyrinbs A 100% 1034 7 994 103% 72 b 100 2 & T ad) 58 Soh&O 418 17 ots. Mont Trmn ref 68 41 Nassau i 4861, .. NYChi&StL 61488, NYC&StL6sA New Haven 3148 56 NY NH&H 43 5 NY NH&H ab 48 67 1 NYNH&H s%hs. 24 NY NH&H cv db 68 12 NY NH&H cit 68 Y Oat W st ¥ Kys s 66, Y Rys6s A 68 ¥ Bate Ry 4 4 NYW&B%s.. Nor & 8 gen 65 64., Norfolk & W en 48, Nor Pac 48 3047, Northern Pacitic 48 Nor Pac 440 2047, Northern Fac r 1 68 106% N 8% N 250 N N Pennsy) kel Pennsyl gen Pennsyl bs 64. Pennsyl 6%e Pennsyi gold 1 Portiand Ki P&L 68 Port B L& P bu 43, Headink ken 44w, . 10 G West cl 4%, WAk & Ls%e |8t amasenzy... 26 994 99% (4 SIS ko b8 31 100% BOL I MES HaG 8 15 9h% BLEBKFUI4sA. 44 B BUL& B Fr s T8 T4 92 BUL&B W vr 1o b, 13 1014 1 102% Wi 101 100 103% 102 160% 1007 A 7 V9% 100% Vi Bon 92 10z 1024 101% 101% Boah A L ref ¢ seab A Lao) Heab A L con B AL Pls U ALLF Bou Pee 4s 4 Bou Pac cit Bov Ry 648, Term Asso § L, 4, ek ALk KKK b4 bY. Veoxin & 1'8ifiG I8t Tex & 'ac b3 17 115 Ehira Ave ref 4 b0 | ¥nied Avean)ba Union 17ag 10l 4n Unton Pac is 4n Unton Pae ov Vieginia Ky Wabas 1% Wantern Ma Weslern Pacifio [ o BONDS o saavaa] IATTRAGTIVE FRUIT Received by Private Wire Direct to The Star Office UNITED STATES. are in $1.000 % High SUPPLY N MARKET Huge Receipts of Strawher- ries Meet Good Demand. + Greens Plentiful. Farmers’ Market and nearby whole- sale houses this morning presented as attractive a display of fruits and vege- tables as has ever been offered retailers in this city and buyers were out in large numbers, Strawberry growers in the Eastern || Shore of Maryland and Virginia and Norfolk, Va., sections landed thousands of crates of first-quality berries here this morning, Emcu(‘,ally glutting the market, and wholesalers were anxious to get rid of supplies, tomorrow being a holiday. Wholesalers also recelved a few late berries from North Carolina growers. Farly morning prices of the berries ranged from $2.50 to $4, few not so good selling as lew as $2 for 32-quart crates. It is expected receipts of the barries will continue heavy throughout the week. Other attractive fruits included big shipments of California _cantaloupes, honeyballs and cherries, the fruits be- ing of particularly fine quality. Deal- ers had a few watermelons to offer the retail trade, and large quantities of pineapples. Haulers Farmers' Market had im- mense quantities of Spring greens to offer the retail trade, and many of them had truck loads of flowers for the Deco- ration day trade. Not much care was exercised in the handling of the flowers and the demand for them was light. Center Market will be closed tomor- row. Many of the wholesale houses will be open in the morning, however. Today's Wholesale Prices. Butter—One-pound prints, tub, 44a45; store packed, 28. Fggs—Fresh, selected, 31a32; nery, 3%a33; current receipts, 28. Poultry, alive—Turkeys, 2 chickens, 35240: fowls, 27a28; roosters, 16; ducks, 15a20; keats, young, 70a74; 45a46; hen- old, 30. Dressed—Turkeys, 30; roasting | X chickens, 39a40; fowls, large, 30; small, | N 26a27; broilers, 40a46; capons, large, 44a45; small, 30a35; ducks, 20a25; keats, 1.00a1.10. Meats, fresh killed—Beef, 19a22; veal, top, 23; lamb, 35; pork loins, 26a27; hams, 20a21; shoulders, 16; smoked hams, 23a24; smoked shoulders, 14a15; 20a21; lard, 13a13!5; calves, 13a ; ‘Spring lambs, 17a18. Fruit and Vegetable Review. Today's market report on fruits and vegetables, compiled by the Market News Service, Bureau of Agricultural Economics, says: Cabbage—Supplies liberal; demand light, market weak; Norfolk section Vir- ginia and South Carolina, barrel crates approximately 100 pounds net pointed type, 2.00a2.25; few 2.50. Cantaloupes—Supplies moderate; de- mand moderate, market slightly weaker; California Imperial Valley, jumbos. 36s, salmon tints, 4.00; jumbos, 45s, 4.50; standards, 45s, 4.00a4.25, few low as 3.75; ponys, 54s, mostly 3.00; standard flats, 12s, 2.25a2.50; mostly 1.50; few 1.75; Mexico, honeydews, trading slow, partly account green condition; stand- ard crates, 9s and 12s, 1.75a2.00; stand- ‘lfi, cantaloupe flats, 12s and 15s, 1.25a 1 Lettuce—Supplies of Western stock moderate; demand moderate, market steady; California, crates iceberg type, 4 to 5 dozen, 3.25a3.50; Southern stock, no sales reported. Onions—8upplies moderate; demand light, market steady; Texas, standard crates yellow Bermudas, U. 8. No. 1, mostly 1.75; few high as 2.00. Potato Market Weaker. Potatoes—Old ‘stock, supplies light; too few sales reported to quote; new stock, supplies moderate; demand mod- erate, market dull and slightly weaker; Florida, double-head barrels, Spaulding Rose, U. 8. No. 1, 4.50a4.75; few lower; South Carolina, no early sales reported. Strawberries—Supplies liberal; de- mand moderate, market about steady; East Shore, Maryland and Delaware, 32-quart crates various varieties, 3.50a 4.00; East Shore, Virginia, 32-quart crates various varieties, generaily fair uality and condition, 3.00a3.50; Nor- olk section, Virginia, 32-quart crates various varieties and 60-quart crates varfous varieties, mostly poor condition, 6a8, few high as 10 quart. ‘Tomatoes — Suppli moderate; de- mand moderate, market about steady: Florida, sixes, ripes and turning, wrapped, fancy count, 4002450, few low as 3.75; choice count, 3.00a3.50, few low as 2.75; ordinary condition, fancy count and choice count. 2.00a2.75. Watermelons—No supplies on market. s—Supplies moderate, de- mand rate, market about steady: Delaware, dozen-bunch crates green, 18-bunch crates, 2.00a3.00, mostly around 2.50, few best high as 3.50; East Shore, Maryland, crates, all sizes, long green, 2.00a4.00, mostly around 3.00. String Beans Weaker. String beans—Supplies moderate; de- mand lght, market slightly weaker; South Carolina, bushel hampers Valen- tines, 2.50a3.00; flat type stringless, 3.00a3.50; Florida, 73-bushel hampers green, 2.00. Peas—Supplies liberal; demand mod- erate, early market steady; later mar- ket weak, account late boat receipts; Norfolk section Virginia, 5-peck ham- rs Telephones, best mostly, 2.00; very ew sales, 2.25. Cucumbers—8upplies modera do- mand light, market about steady; Flori- da, square bushel crates, No. 1, mostly around 3.50; few high as 4.00, Bquash—8upplies moderate; demand moderate, market steady; Florida, &ep. per crates, fancy mostly, around 3.50. Peppers—Practically no supplies on market. Carrots — Supplies light; demand light, market about steady; California, Western lettuce crates, bunched, 3.25a bushel hampers, bunched, tops, 2.25a2.50. Beets—8upplies moderate; demand lght, market slightly weaker; Norfolk section Virginia, hotbed stock, crates, 4a5 per bunch, . Buy Yourself $1,000 to $10,000 | Guarantee the success of your estate-building. plans th Investors Syndicate Install- ment Cartificates, $6.30 to $63 in monthly payments will, in 120 monihs, give youm 81,000 or 810,000, SAFETY? A guarantee hacked by our $20,000,000 in re- sourees. OUR COMPANY? A 34-year old financial nstitution. Use coupon below for Booklet WS-20 giving all the facts, Barr Bldg., Washington Telephone Frauklin 1879 Winter | 3 INVESTMENT TRUSTS NEW YORK, May 20.—Following are today’s bid and asked quotations on se- curities of investment trusts, holding and finance companies and insurance companies: . INVESTMENT TRUSTS. Am & Brit Con com....... Am & B Con 50% p pf Giite Beig, Con €74 pt...... Asad. i Hi 07 ut Bankers' com st Bankers' un Amer Founders Amer Founde Amer Founders Amer Founders Fin & Indus Sec Fin & Indus Secur warr INSURA Aetna Fire REPUBLIC RUBBER. NEW YORK, May 29 (#).—Republic Rubber Co., chief subsidiary of Lee Rub- ber & Tire Co., is operating at 80 per cent of caj y and expects to hold this rate through the Summer. PRODUCE EXCHANGE. NEW YORK, May 20 (#).— Flour barely steady: Spring patents, 7.85a 8.35; soft Winter straights, 8.00a8.35; hard Winter straights, 7.60a8.00. Rye steady; No. 2 Western, 14274 “.ob. New York and 1.40'; c. export. LEAD ADVANCES. NEW YORK, May 29 (M.—The American Smelting & Refining Co. today advanced the price of lead from 6.20 to 6.30 per pound. —_——— e BUTTER UNSETTLED. CHICAGO, May 29 (#)—Butter—Un- settled; receipts, 15,377 tubs; creamery extras, 4214 standards, 43; extra firsts, 411;a42: firsts, 40%.a41: second, 38a40. | Eggs—Unchanged; receipts, 40,362 cases. DIVIDEND PASSED. NEW YORK, May 29 (#).—Directors of the John Warren Watson Co., manu- facturers of shock absorbers for auto- | mobiles, omitted the quarterly dividend jof 50 cents a share on the common | stock due at this time. CLOSING SATURDAYS. NEW YORK, May 29 (#).—The New York Coffee and Sugar Exchange will be closed next Saturday and every Saturday thereafter until October. GERMAN BONDS AND STOCKS. NEW YORK, May 20.— By Special Leased Wire to The Star, in doliars pe o 1010, .. ed_in’ dollars De; n 4 43 pre-wal Line 4138 Lioyd 43 e w Frankfort a-M 4s pre.war Munich 48 pre-war (Quoted in Darmstaedt Heyden Chem reur Bank Vienna. . North G Bank in the | Southern Pacific has distributed orders COTTON IS STEADY IN TODAY’S TRADING Weather Conditions in South Have Bolstering Effect on New York Market, By the Associated Press. / NEW YORK, May 29.—The cotton market opened- steady today at a ¢°- cline of 2 to 6 points, as if influenced | by relatively easy Liverpool cables, but soon started up on covering and buy- ing, promoted by apprehensions of un- favorable weather conditions in the Soth and private reports of cold rains in some sections. October contracts rallied from 20.66 to 2083, with the general list working about 5 to 13 points net higher, but the advance was checked by pre-hoii- | day realizing and”the market showed reactions of a few points. A private report placed the indicated increase in acreage at 7 per cent and the condition of the crop as of May 18 at 70 per cent, compared with 72.4 at the same time last year. Liverpool cables reported local and continental liquidation in the market there, with rallies from early low prices, promoted by covering on reports of rains in the Atlantic States. The market eased back nearly to yes- terday’s closing quotations during the forenoon under a renewal of pre-holi- day realizing. The volume. of business tapered off but the decline brought some covering. At midday the market was quiet and steady, with prices about net unchanged to 5 points higher. GIVES CAR ORDERS. NEW YORK, May 29 (®).—The for 52 all-steel cars costing $2,000.000, among Bethlehem Steel, Standard Steel Car Co., American Car & Foundry .c?)d Pullman Car & Manufacturing DIVIDENDS. Pe- Company, Rate. riod, Barn Leath nf.1% % Q" E & Phoe Pay. Hldrs. of able, ~ Record. f 1 June 2% Columbus B ap S 3 Fanny Farmer o pt. Hollinger G Insurance S Kans G&R D Standard. " . FWACRE Do pt... .. 8 Pratt & Lamberi ? gouthw' PEL bl $ Stand” 0Nl of Ky. 1 Ge Q Juneld sable fourth weekly, THB majority of the mortgages securing these 10 Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Heoresanting Mutual Benefit Lite ins Lo 1520 K Street Main 475 FIRST TRUST LOANS Finance your home through this Company. An advantageous loan connection enables us to place First Trust Loans at low rates, Let us know you and we will be glad to you. * ¢ W. H. WEST COMPANY Founded 1894 916 15th St. Main 9900 - 6% Mortgage Notes for Bank Investment BECAUSE of the conservative safeguards enforced by this Corporation, Guaranty ~ First Mortgage Notes are widely pur. chased by banks and other in- vestors desiring a high-grade, shortterm secarity. Notes now available in 1 to 3 year maturi ties, These notes are offered to yield 6%, and each note bears this Corporation’s own direct and un- equivoeal guarantee of principal and interes’. Descriptions of these notes, and booklet about Guaranty Securities upon re- quest, REALESTATE MORTGAGE & GUARANTY CorRPORATION Capital Resources $3,400,000 Bonds operate monthly amortization plan maturing in advance of the ‘i::nads. thus providing an ample dnktx:;“znd for meeting interest and principal on bon These Bonds are the digect obligation ds whea-due. of The Mortgage Security Cerporation of America, with Capital and Surplus of pver $4,000,000 and Resources of over $30,000,000. Mortgage J""'“' b3 not mingled witlf udzdumw:h&:mm. ion's Trustes and ase ‘the Corporation’s Funds Request booklet - “The Yardstick of Sefety™ MORTGAGE SECURITY CORPORATION of AMERICA 7 Wall Street, N. 1. CHICAGO NORFOLK WASHINGTON F. B. KEECH & COMPANY Members New York Stock Exchange Civen N!mrl Curb Marks Chicagn Beard of Trade New York Cotton Exchange New Orleans Cotton Exchange Liverpool Cotton Exchange (dssociate Members) 1610 H STREET N.W. WASHINGTON, D. C. New York 52 Broadway Philadelphia The Ritz-Carlton Providence Grosvener Building Chicago 231 So. La Salle St. Private Wires to Baltimore Boston Telephone Main 245-6-7 Oldest National District of Columbia Organized in 1814 Capital, Surplus & Undivided Profits Over $2,000,000.00 Chicago New York Providence Richmond Cable “Keechco” 3% on Savings PERMANENCE ~—bespeaks strength—the very first require- ment of a good bank. In which connection, it's worth the consideration of PAYDAY and all other depositors to recall that “The Met- ropolitan” is the only national bank in Washington having an unbroken service rec- ord of more than one hundred and fourteen years, fISuch a thoroughly time-tested bank more than deserves YOUR confidence. Open Until 5:30 P.M. Thursday & Friday National Bank Metropolitan 114 Years Old