Evening Star Newspaper, June 18, 1928, Page 10

FINANCIAL. | Fi Moniaaee Loans (NTIVIED TIBHT BANK CREDT SEN = FINANCIAR. SHARES SELL DOWN | We Are Pleased to Announce That ON STOCK MARKET Mr. Robert Guthrie Johnston Has Bezome Associated With Us as Sales Representative in Professional Selling Appears: Washington and Vicinity, With an Office in THE SMITH BUILDING in Late Dealings—Rails Suffer Most. 815 FIFTEENTH STREET N.W. WASHINGTON, D. C. e BY GEORGE T. HUGHES. 4, | Special Dispatch to The Star. NEW YORK, June 18.—Developing | sudden weakness in the late afternoon, | today's stock market sold down sharp-: |1y. Professional selling appeared to be responsible for the late weakness, but | there was little or no support. | The railway shares suffered the most, Open Dodge Bros pf 7. 67 Dome Minea(1). &% Orug Ine (4)... 94 Dul SS & Atl pf. Dunhil ine (4). Dupont (113.50) Du Pont deb (8) Kastman (45)... ¥ Central (3). Eastman pf (7). 3 30 IN.Y.Cent. rts.... Eaton Axle (2). Nre Elsenlohr pf (1) 8¢ 9° ma iy ¢ QR acELS). Eitingon Schild. 38 874 38 |N v& Harime m(5) Eitington (215). NYN Kleo Auto Lit8) H&H(). NYNH Elec. Auto L(4)n Ny omfi'x‘vm;' Electric Boat. .. N Y State Rys. . ilecPow&Lt(1) N Y Stm pfA(7). Eleo P&LL of (1) Norfolk South. . Kleo Stor Bat(s) Norf & Wn(r10) Elk Horn pf.... Norf & Wn pf(4) Em-Brantgm(A) NorAm b10% stk nd.John (6)... North Pae (b). Engineers Pub'S Nor Pac cfs (6). Equit Bldg (8).. Norwalk Tire. .. Erie R R. . Erte 1at pf. Norwalk Tire pt except for the steels. New 1928 lows Erle 2d pf. Nunnally (50e). | were_made by such important stocks Bureka V (1%). O1l Well Sup.... 2% as Pennsylvania and United States| e \Ebikaiia) Omniby A Steel. Atchison, Atlantic Coast Line, Mt Enteht 10 Omnibus pf (8). | Southern Pacific, Chesapeake & Ohio | L Otis Elev (17).. of the seasoned dividend payers, and | Fidelity-Pnoenx Otis Steel....... Missouri Pacific among those of lower First NatS | % ) Otis Stl pr pf(7) | price, were pressed for sale. ! Fisk Rubber. .. Owens Bot (ct4) Wright Aeronautical came down over | Fleischmann (3) I’acific Gas (2).. 10 points and Radio more than 8 points. | Foundation Co. . Pac LIl St There was nothing in the news to| Fox Film A (4). Pac Tel & I' (7). cause liquidation, but there was nolh-‘ Freeport (16%). Packard Mot (3) ing to stimulate buying, either. | Pan Am Petrolm It was one of the dullest days of the fIausielBRubA Pan-Amer Pet B vear. Outside interest was almost com- Qardnes Motor. Pan-Am Wn B., pletely lacking. Normally there is an| O hm A0k(e)) Panhandle. A accumulation of overnight orders for| g g Parmt-Fam(j8). one account or the other. The first | o s g Park & Til (13). and the last hours of the session are | Qén Baky peics) Park Utah (80c) generally the most active. The first hour | en Cabln -oees Pathe Ex. today saw only a little over half a mil- Gen Cable A (4). Pathe Kx (A) lion shares change hands. In the bull | ot g 0 Patino (2.92). | market earlier in the vear more than | i g Peerless Motor . a million were sold in the first hour GenElee sp(60c) Benlok & vord. . repeatedly. i Gen (;asA(01% ) Penn Dix Cm(2) 2 2. | Gen Motors (t7) Penn K R (3%4). Ticker Sometime Stops. Low Close 66% 66 8% Low Close EELN 19 W lNfl Pow&Lt (1) Nat Radiater. . . Nat Supply «18) Nat Surety (10). NatTea (4).... Nevada C (1%). Thomas J. Fisher & Company, Inc. ADbitibl Po pf «6) 102 9w Money to Loan| | Abr&Stras?%pt 113y On District of Columbia AR | e * 268 Real Estatel 6% Interest, || RESErve Board Emphas:zes}:g,"mmw e Country’s Loss of Its No Commission. e Columbia Permanent Gold Supplies. Building Association 733 12th Street N.W. Main 352 and 353 o 9 AbrahmaStraus Air Reductn (2). 62 Afax Rubber... 8 Alaska Juneau 34 Albany Papriz). 26 | Allled’Chem «6) 169 | Allted Cm pf(7). 1221 | Allis Chaim (6). 117 | Amerada (2) 31t ; Am Agricul Chm Am Agri Ch pf ., Am Bank N(13). Am Bosch. | Am Bra Sh 1.60. ! Am Brown Hov. | AmCan ..., | AmCar&Fdy(8). Am Chicle (3). Telephone Main 9064 BY EDWARD C. STONE. The Federal Reserve board today warned that a continued tightness of ‘bunk credit might be anticipated for the early future. In its monthly bul- | letin the board re- Available tor Money | viewed the recent history of the BIRSTEDEED OF jihlsiors of e of gold. | Am l?r'x. 80e) ., On Cl:v,n:_l::-':';;:’::'z;‘ | exports SF whick Am En&Tile rts. in eight s Am Express 16) Reasonable Interest and B e monthe ) 1340 & For Pow.. Commission Rat JAMES F. SHEA | S the continuous in- Am & For Po 2¢ , 643 Louisiana Ave. N.W. Samuel McCreery & Co. Investment Securities 1618 WALNUT STREET Members New York Stock Exehanee Philadelphia Stock Exchanre PHILADELPHIA, PA. Citizens Bank Bldx. Baltimore. Md. and 1064 B 94 t Am Hide & L pf. crease in borrow- ! S ing from the Re- i :‘c:".':z‘-;'.“ Am Internatl(2) Am LaFr&Foam By Am Linseed.... 1134 Am Linsd pf(7). 120 | Am Locomot(8) 100y Am Ma&Fy t2% 142 91 Equitable Co-Operative Building Ass'n JOHN uted to stock mar- ket activity. Money to Loan Banks have been Securea oy et Geeo o1 trust on real estate | borrowing e Preva:ing intsrest AN ~ommisston ing amounts from | Al Jozaph | Weller 420 Wesh. L | the eral Reserve centers, it | gin p‘t:i.‘;',."’ Bide. oth & ¥ N-W. | was observed, during a period when the | Am b a by iroundnllon for Federal Reserve credit JOY EDSON, President WALTER S. PRAL XY Jr., Secrafary Organized 1879 48th YEAR COMPLETED ....$5,387,857.36 Surplus and Profits....$1,558,796.60 Subscriptions for the 95th Issue of Stock Being Received JOIN the Equitable’s Systematic Saving Plan Are you living just for today? Will you be mdependent in vour old T. Honton Leith. Was contracting. But in recent days, it was pointed out, interest rates had risen. and the steps of the Reserve | board to protect its credit had induced | the lending banks to “pass pressure on | to the borrowing public. as evidenced by the rise in open market money rates ! and the closer serutiny to whick loans are subjected. Over a Third t Am Republic. .. of a Century’s Am Saf Ra 14 An Seating (3). Am Ship & Col Am Smelting Am Snuff pf ( Am Stl Fdys «3) 5 m Su Fy ot (7) 111 Rental Details Prod M | Am Sugar . otlom aelas . | Am Sugar pf(7). | _Reviewing trade conditions. the board | noted that the volume of manufactur- | ing production had shown little change ! during recent months, and department store and wholesale sales were a trifie | smaller than last year, largely because ' 1057 Am Sumatr Al Am Tel & Tel(9) 1751y Am Tel&Tel rts. 121 Am Tobaccots). 151 Am TobaccoB(8) 154 Gen Mot pf (7). Gen Qutdr Ad(4) Gen Vutdr Ad(2} GGen Ry Sig (5). Gen Refrac (3). Gilletie Raz (5). Gimbel Bros.... a1 9% 364 People’'s Gas (8) Pere Marq 118). PhilaCos % uf(3) Phila& RC& 1. Phil Morris(1).. PhillipsPetti%) Pierce-Arrow. .. The ticker came to a standstill again | and again. Professional traders sold | | stocks to one another, but, getting no- where. resigned themselves to a period ! of waiting. This is not an unusual phenomenon after a violent break and | | the ensuing rally. age, or will you have to depend on some one else? Consider this now and open a systematic savings ac- count here. Prepare for your own future while you are able. Start NOow. Am Tob pfi6).. 119 Am Type Fo(8). 115 {Am Type pf(7). 112 Am WW&El(el) 57 AmWWist pf(6) 103% Am Woolen..... 13y Am Woolen pf.. 43 | Am Writ Pa ctfy 1 Steel stocks were heavy. Crucible | dipped to a new 1528 low, below 79. Midland Steel Products preferred made a new year's low at 197. United States Steel was down about a point. | | Railroad shares sagged, but were very | quiet. It will need the stimulus of fa- vorable May earnings statements to bring in buying. These statements will begin to come out by the end of this week. Merger develooments are no longer an | influence in the market. As far as the specialties were con- | cerned, Wright Aeronautical ran up 5 points on the successful transatlantic flight of the Earhart plane, which was equipped with Wright motors. Then the stock came down again over all ground gained. Radio similarly was bid up at the start, only to react again. Chemical Issues Up. International Agricultural Chemical issues responded to the resumption of the dividends on the preferred stock. | The new collapse in Bancitaly Corpera- tion on the curb did not produce a | ripple in the stock market. Last week | | the drop in Bancitaly foreshadowed the | big break in stocks. | A little interest was shovn in the oil |stocks. Atlantic Refining was very | strong. evidently for some special rea- son. The other oils resisted selling. { Important develooments in the oil trade are said to be pending. Cobper nwks% were also well supported. The motors | held their own. Nash Motors was higher for a time. Seab Alr L pf... | Money renewed at 5': per cent and Seagrave (el.20) was said to be in good supply. Sure-Riazy). 10 ; | = . | tucl 13) Sell Un (190> | MORE TOBACCO MOVING. | Shubert The (8) s | Simmons Co (3). Simmons Co rts. Simnas Pete. Sinclair Ul Skelly Ol (2)... Snider Packg Co Snider Pkg pf... So Por Rie 3(12) South Caiif £4. ., South Dairies A. South Dairies B. South Puo (6) Southern ) South Ry pf(5). run to thousands. Individual | of unfavorable weather. Price move- | ments in the wholesale markets were owners with other inm‘.n. I said to have been sightly upeerd, oo to look after cannot find time | cause of increases in selling rates for to give them the degree of { Sopper, zinc, grains, cotton and live " stocl attention they require. For i In a ruling attached to its bulletin all such our Property Man- | for bank information it was stated that agement Service is inval the board held that deposits made by mable. T-y it Pierce-Arrow pt Plerce Oil...... Plerce Petrolm. Pillsbury (1.60) Pitts Coal Pitts Coal p! Pitts Ter pf: PILs&W Va(6). Porto Rico To B. Postum (5). Pressed St Car. Prod & Refiners. Pub Serv NJ:2). PubS NJ pf(7). Pub SE&G pf(6) Pullman Co (4). Pure 1l (508).. Purity Bak (3). Radis Corp. .. .. Reading Rv (4). Real Silk Ho: Real Silk pf (7). Remingin-Rand Reo Mot (11.20). Rep 1 &S (4)... Repl&Sof (7). Reynolds Spugs. ReynldsTobB(5) Richfield Oll(q1) Rossia Ins (5).. Royal D(al.343) | St Jos Lesa (13) StL & SanF (18) StL&SF pf 1st p StL Swn of 15). Schulte (3%). . Schuite pt 18) Seab Air Line. Gimbi Br pt(7). Glidden Co. ... Glidden pr pf (1) Gold Dust (3).. Goodrich (4). Goodyear Tire, . Gooayr 1st pf(7) Gotham (3214).. Gotham n (3214) ham-Paige. . Granby Min (4). Grand Union Co. Grand Un cv pf. GriNor U (1) Grt Nortn uf 15) Gt Nor pf cfs(6) Grt Wn Sug 2 80 Grt Wn Su pf(7) Greene Cana(4). Guanianamo Su. Gulf Mo & Nor.. Gulf States Stl.. Hack W pr(1%) Hanoa 1st pf... Harunan A 2). | Hartmn Bu1 20) Huvana EI Ry. . Helmie GW pf(7) Hershey Corp H of (4 Hollunder & S Household (4). Houston Oil. ... Howe Sound (4) | Hud Man (23). Hudson Mot 1§) Hupp (£1.40).... illinois Cen (7). indep VI (1 . indiao Refining. indian Refx cifs Inland S(PT6% ) Inspiration Copt laterboroRap Tr Bost & Co (3) Int Cont Rubber. Bethlenem Steel rmatiAen. . Bloomingdale... 3415 W fdi A S A 5% | Lot Comant 141 n Ami A (4). . Booth Fisheries ut Com K (3) sl KR Lut Hary of (7). Botany Milis( 0t Mtoh uf 3.20, be proud of the c Hriuxs Mre #o 1ot Mer Marind | _ The bank, which is located at 800 H Brockwy Mot(4) At :"k:"',:' . : rockway pf (1) 1 .. 85,000 to surplus, declared the regular | Bkiyn Edisn(8). inter Nick pf16) 4 per cent semi-annual dividend and an | BKivn-Man (4). 604 Lnt Paper (3.4v), extra dividend of 1 per cent, payable | BklynUnGas(§) 140 Lot Paper pf (7). June 30. The present officers are L. P. | BrownShoez%) 45 18t Ay Cont Am, Steuart, president; Charles R. Talbert, | Brunswick & (3) 415 iot Ry CA pf(5) first vice president; George F. Hoover. | Brunswick Te: 320 . 3 3 Int Silver. . | |second vice president, and W. Reginald | Bucyrus «1). 37 5 | lut 1l & Tel (6) | Lewis, cashier. | Bueyrusevizig) 45 5 island Creek (4) B R 5 . $6,000,000 Spent on Development. o s Jewel Tea (4)... | Buff&Sus pr(4). Jouns-Maran(3) | . Washington bankers were intensely | Burns BrosA (8) Jones & Lau (7) | interested in the development at Mon- | Burna Bros « B) Jordan Motor... | tauk Beach, Long Island, as they viewed | Bush Term (g2) 5415 | it during the recent convention. More | Bush Ter pf (7). 118 Kan City South. | than $6,000,000 already has been spent ' Butte Cop & %.. 7 Kansas City Sou jon the Montauk Manor Hotel and the | Butte & Sup (2). KanORe pi(e). { surrounding territory. ‘The gropeny. Butterick Co. . Kayserd (5). ‘cxned zygld G. glnhzr and ufl u::- | :nrtc«: | ciates, miles long, extends to the | By-Prod(12. eastern tp of the island and from the | o0 paeyg (4) | ocean to the Sound. Over 50 miles of | iy \ianap 7inc. .. | road already have been constructed. | Calumet&Ar6) Local bankers were informed that an- 3, lTOURAR(E). Sd Sk 9 . ’ L13 I jother hotel is soon to be built near the | CH,® Hects (3) Kresge111.60).. 3 mortgages, 4 roger . For Periods of 1 or- 31,000,000 and one. for" 23 500,000, S foaae (10), 20k, Kuppenneim (2) : 3,5 or 10 Years | have just been recorded at Riverhead. | Con® X'hreshi (8) 304 Lago LIl : r : 3 2 n Y (2).. 32% Lago VI Third Avenue. .. Cor e 1938 101 In L. 1. The construction of a long board: Century Rib M 124 Lambert Co (16) Tih 150 2 N Co. 4'5s 1930 9914 N g walk on the beach and a new bathing | SePturY i Tas/Tara e Bub idewater O 4435 1935 09 Nearby Maryland, Virgim pavilion is planned, this work having | Cer0de Pas (4). 6y 4 e YRt - 2, | TidewaterAsOil, 9% sa and the District of Columbi already been started. Carl Fisher is | Coriain-Teed ) &5, LAE A Mymboats O AL the man who developed the Miami|CerloCorvnite) 72 Firmgfeeped b iTemeRogm) E AR | beach. It is safe to predict that the | ¥ or » p 2 Quick Service Lig & M pfeT).. Economical Plan Courteous Attention I | District Bankers' Association will Chandler-Cl pf. 15 g T Bos SEEPHE| P S 100% 915 F St. N.W. 38 23% 64k 20 934 17 10% 857 39% 30y 4l mutual savings banks, Morris Plan banks and personal credit unions with | national banks might be classified in | accounting as “amounts due to banks.” | Deposits of building and loan associa- %un.s and ofuca-operauv; banks of the assachuset type, owever, were | Arnol, > ruled to be deposits for classification :n “n:l(‘::u:r*(‘: { with ordinary private and business de- | Asso Dry Gizig) lposlt totals. Asso 01l (2) Firm Opens Washington Office. | Alchison At Coas Samuel McCreery & Co., investment | Atl Gulf & W1.. | bankers, of 1518 Walnut street, Phila- | AUGuif pr(3)., 52 delphia, Pa. are opening a Washing- | Atl Refining ¢4). | ton office today undar the management | AtlasPowder(4) 3 jof Robert G. Johnston, with offices in | Atias Pow ur(§) 1081 the Smith Building, 815 Fifteenth | Atlas Tack. 14 street. This company is a well estab- 6y |lished Philadelphia frm dealing in in- 9 vutn;:nt mxrmfis 'x‘hek firm is a| EXY member ¢ e New York Stock ExX-! Bajto& 0 2 change end the Philadelphia Stock | Baito & O vere). on® Exchange. | BunkofCom(18) 62! | _ Robert Johnston has been associated |with J. A. W. iglehart & Co. Invest | ment Bankers, for the past three years ||{2nd he is well known"throughout the | Savings Bank Handsomely Decorated. The redecoration of the banking room of the Northeast Savings Bank has just been completed and presents a most at- tractive appearance. The beams of the celling have been done in Circassian walnut, while the panels are finished in gold. All the side walls are a represen- tation of Caen stone. The combination and blen of the various shades makes a striking and harmonious in- terior. The improvements have caused wide comment among the bank's pa- trons and the directors have reason to Anaconda (3) Archer-Dap (3). Armourbel pf(7) Armour. LIl (A). Armour, 111 (B). Armour, Lipf(7) Capital, Surplus & Undivided Profits, Over $2.000,000.00 —_— This Bank Has Merited —the patronage of represent- ative business men and con- cerns for over a century, and gives to every customer's banking needs the advan- tages of seasoned service. fYou'll profit by carrying your account at such a bank as “The Metropolitan.” 3% Paid on 501';ngs B. F. SAUL ©€O. Main 2100 15th St. We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street BarkerBr pf 6 Buruet Leather. 25 Barnsdall A 22 Bayuk Cigars.. 1071 Bayuk 181 p1(7). 1084 Beacon Oil..... Beechout (13).. Belding Bros (2) BelgNR pfal.se Metropolitan | Old O!:i 15th St. opp. U. S. Treasury 114 Special Dispatch to The Star. | .| BALTIMORE. June 18.—Both re-| |ceipts and sales of Maryland leaf | . | tobacco showed increases last week, | compared with the previous week, ac- cording to the weekly report of the | State Tobacco Warehouse. —Receipts | totaled 1,053 hogsheads, while sales | amounted to 717 hogsheads, leaving a stock in warehouses of 5,231 hogsheads. Under more active competition prices | were slightly stronger the latter part of the week. | As practically all the growing sections have now had g\t)d planting seasons. | the 1928 tobacco trop has been trans- | planted and started growing under | favorable conditions, it is reported. Quotations today for Maryland leat to- bacco, per 100 pounds: Inferior, ¢.00a 7.00; frosted, 3.00a4.00: sound common and greenish, 8.00a15 good common. 116.00a25.00; medium, 26.00a40.00; good | | to fine red, 41.00a50.00; fancy, SO.M:I | seconds, common to good common, 6.00a 15.00; seconds, medium, 16.00a23.00; seconds, good to fine. 24.00a35.00: upper | country Burley, nominal; ground leaves, | 3.00a25.00. SHORT-TERM SECURITIES. (Reported by J & W Sehill\lfln‘ Co.» X Ofter | Aluminum Co. of Amer. 5s ym 101 American Radiator "(‘l 1947 93 18 694 APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbix and adjacent Suburbs of Montgomery and Prince Georges Counties, Md. 5%2% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY OF AMERICA 1001 15th Street N.W. T dive 158% 155 T 47 Spie R . Std Com Tob (3) SUG& K (3%). Std G & K ot (4) Std U Cal (234). Std QlINJ(113%) Std OIINY (1.60) Std San Pro 1.68, Money We Have Unlimited Funds to Lend at 51/2% Interest Strom Car (3) Studebaker (61. Submarine Boat Superior Otl.... Symington Cl A. Tenn Copper (1) Texas Corpn Tex Gulf Su! ) Tex Pac C & O11. Texas & Pac(5). Tex Ld Trinew) The Falr (240). 13% 14 59'% - 0% 3 Main 8100 Transeont Oll. .. Trico Prod Udwa-K1 F4).. Union Carb (6). Un Ol Calid). .. Union Pae (10) Un Pacific pf Utd Biscuit Uts Fruiti1diy) | aondarc Chs N Jeree) o 18 U'S Distributing Sia | Bwft & Go s Soxg. . 1T U S Hoffinan 4) U 8 Alcohol (6). S Leather.... Leathe .. Reuity (4).. Hubl § | Rubbe I8t pt 674 6 6 | Swelt (i) T | Sm ot (3y) 8 Steel (1)... year T. & R 5 198 Grand Trunk of Canada 6s 1936 QUIC Ol of Penn 83 1937 100 s Lot . Loose-W (160). back to Montauk again before many t—:"'-tommlu; 181% AR Founded 1907 Loriliard Co. | years for another convention. OCorpn (3). 6iw 417 K St. Main 9300 | Ch' & Alton. .. Bankers Off to Philadelphia. | Ch1 & Alton pt. Loan Correspondent John Hancock Mutual Life The last of the local bankers repre- | Chi & Kast 1)l | senting Washington Chapter, American | Chi & East 11l of | Institute of Banking, went to Phila- [ ChiGrest West. || delphia today to attend the annuai|Ch!Gt Westpf. | convention, They were most enthusi- | Chl Mil & St P., | astic over the campaign to elect T.|Chi Mil & Stk pf | Hunton Leith to the National Council. | Chi& Nwn (4) | A campaign of several weeks has been | Chi Pne Tool( Insurance Co. | conducted, with E. J. McQuade as head | Chi RI&Pac « political campaigner. Leith's chances |CR1& P ut(8). appear excellent. The only factor that (CRI& P pf(7). 108% MeCrory B (3).. is likely to militate against his election | Ch E Mckeespt Tin PI is that Baltimore also has a candidate X Mack Truck (8). in this territory. hileCo (i%).. 42 2 Mackay (1) Philadelphia reports that this will be | Chrysler (3). Mackay prid the largest gathering of bankers the |Chrysler rts. [y Mad 80 Gn (1%) city has ever entertained, 2,500 dele- | Chrysier pfA(¥) 1137 Magma Cop (3). | gates. y SUB5%atk. 98 Mailison & Co. Cluett-Peabtb). 794 P Heavy Trading on Exchange. > » Manat! Sugsr Man ki Sup (b). ‘Trading was unusually heavy on the | Collins & Aikmn Man E) mzg(ds) Washington Stock Exchange today. | Col & Aik pf (7). Man Klev gtd(T) Riggs again sold at 535, Second Na- | Ci Man Shirt (3) tional came out at 270, American Marland O1 curity & Trust at 453% and District Marlin-F N nal at 244 ‘apital Traction sold at 107%. Poto- Electric 5'; per cent preferred at Washington Gas, 95';; Washing- ton Railway & Electric preferred, 99';. | Lanston, 11 and Mergenthaler at 101%, 101%; and 101%,. Merchants Transfer & Storage pre- ferred moved at 109'i. In the bond division Washington Gas, series A, sold 101% |t 105. Chesapeake & Potomac Tele- ” phone 55 sold at 100% and C. & P. A el. 58 of Virgin! t 103, The closing bond sale was in Barber & Ross 658 4 85,000 transfer being made at 95 | Capital Traction is now being quoted | ex-dividend. ~ Other stocks in_ this dist are Peoples Drug and Woodward & Lothrop preferred. Heard in Financial District, Edson B. Olds, vice president and treasurer of the Union t Co., re. turned to his desk today, after a week spent in New York, following the bankers’ convention, Lawrence A. Slaughter, vice president of the Commercial National Bank, is planning to leave Washington shortly for his vacation at Ulldl’llnlr Lake, N. Y He 15 improvi rapidly. umnr? L"gnm?. vice president of | Duvison Chem.. 44 the District National Bank, is back at | Debenhms(z 18) 44'y his desk after s few days’ iliness with | Deere&Co pf(7). 128% a severe cold. Del & Hud ()., 187 R. Bentley Hoeber has become asso- 13444 ciated with the Bouthern Securities 200 (,'mrmnlhm, Iocated in the Investment' Diamond M (19) (b nelding ¥ Podge Bros 4., 19y LouisGGasA11.76) Louls&Nash(1), Ludlum Stl (2). McAndiews 2.60 100% McCall Corp (3). | Westinghous | Wheelina s( TREASURY CERTIFICATES. (Reported oy J & W Seligman & Co» Rate ~Maturity 48 Dec 13 1921 18, 1028 15, 1028. . 1048 The record of this institution has been in providing investment for a world-wide clientele. 85 years of experience, carefully selected in- vestment stability and a conserva- tively high yield are among the inducements we offer to careful investors. ceccceec suelonn uni Leat Tob(3) Un: Plo fst pt(8) Uni Pipe & Ri1) ULl P&L Atez). Vanadium (14). 65% 9 | Fuel & iron. 61 Col Gas & K1 (B) 106% Col GEE pf A(8) 10T ComCred 18t 614 904 Com Inv Tr3.60. 62 FOREIGN EXCHANGE. Van Raalte. ... (Quotations furnished by W 8 Hibbs & Co) Van Raalte pf... Nn‘mlnul u\l-‘y s«llu‘v(.:“a;'er\u Vick Unem 14)., | London, pound 4 B ! ontreal. dollar Paris. frave Eie coae Profits” warrants a thorough reading. Buy $2,500 With $25 a Month NVEST Maytag (new), ., Maytag pf 224 Maytag 15t pf(6) 1 Mexican Seab. .. T Mex Seubd O ris Bo% Miami Cop (1), Mid-Continent. . Middie Stat. Mid 8 . Midiand of(1i2) Minn & 8t Louis 88 Congoleum-Nair Conley Tinfoil, ng Cirs 14%. Consol Ckrm (7). a monmh st 67, Reinvest interest st 6%, And in less than 7 years you will have $2500. In less thay, 12 years you will have $5000. In less than 19 yeare, §20,000. Write for our booklet. “The Success Plan,” which tells how you may invest $10, ‘25, $50 or more a month in Guaranty First Mortgage Securities, which bear this ecorporatio own direet and unequivocal guarantee of principal and interest, and pay the Jiberal interest return of 67 on every payment, REALESTATE MORTGAGE & GUARANTY CORPORATION Capital Resources § 3,400,000 26 JACKSON PLACE Vivaudou Co. ... Vule Det pft7).. £ A Waldorf (1), . orth (1.20) 15 Pl Baking B. Stockholm, crown Warner PloA... d Warner-Qu (2 warren Bros(4) Fargo. ... nn K1 ofc8) West P Po(#)... West DairyA(4) Weat Dairy ¥ it L mj:ii::u couroN m ~— Founded 1873 Swmith Building ~ Washington, D. C. (B15-150h Swreet, N. W... Make 6400) Bronch ofices in — New York —and Other Cities Gentlemen:—Send me Safety Pay Profits.” -'1 Container B 6 Cont Baking A Cont Baking B, . Cont Bak uf (¥) Cont Can (6) 154 100 104 89t N B4t a6ty 200 | Oven Higl Wlison & Copt.. &7 &7 Woolworth (8). 1an Waorthn Pump.. 301 Wright Aaro (3) 143 143 Wright Aerorts 0% Wi Wrigley (18W). 71 ) Yellow Truok... 334 Younzatn Shi8) Ni\ 85 Hourly Sales oo N. Y. Market. Mam.. 402300 (2m .. 628300 tom 815400 2o m. | 308,300 Dividend rates a3 «iven In the above table Are the annuai cash oavments based on the Iatest auarierly o vearly decl, t 100 s o9 b Taly 180k Bty 201y lissourt Facifie Sont ineur (8).. 9% Missour! Puc vt :::m Mont i80e) L1% 1Y ‘ Montgmry W(Th Corn KxBnk(20) 651 . Corn Prod «13). Coty | b Cruel| ee! Cuba Cane Sugs: Cubs Cane Su pf Cubs Company., 24 Cuban Am 8 (1) 9% Cudahy Pke (4) 64 | Curtizs Aero (1) 100 Motion Fle Corp. Motor Meter A. 58 Motor Whi (3). Weat Union (¥). 143 Mulline M1, Westhae A B (2) 41\ 3 43 Munsingwr(3 i y w 95 2 0 Murrav Corp. .. Westhae I8t (4) Nash Motrac18). Weston Bleatrie Nanh & Chat (7). Nat Acme (sta) i ot A rading L S R :" Iin; :"1 .l) v d8w> 'ald this vear— ( 6n 24 copy of new illustrated booklet “Making R PPN White 8M pf(4) Willys-Overland Willys-Ovd pf 1. 1011 Wison&Co. ... 14 Wilson Copf A, 21 Sertasassesaisanae 1344 208 T 134 1824 200 2 12y . NatParkBkji4). PETTTeeL IV ¥ U 1o0% & 1 210