Evening Star Newspaper, June 18, 1928, Page 11

FINANCIAL We Write Every Form of Insurance arrell Bros. & Roesc “Insurance Counselors” 716 1ith St. N.W. Main 805 FIRST & SECOND TRUST MONEY Complete Financing ~of both FIRST and SECOND ~—APARTMENTS —BUSINESS PROPERTY No Appraisal Fee Prompt Service Real Estate Mortgage & Guaranty Corporation Main 1403 26 Jackson Place SALESMEN Industrial Bcnklnc repu- | table w-u‘g—m Tavestioant ha house re- | quires the services of securities of estab- g-onunt 1sdue whose per annum l\x] lnnllcu\ < ue-u-n‘x' Teads"wiich ;hsuld nmn remuner- -.r-oun S Sommlssion basis * Gaty character and Wm‘hl] 'l“ stand llrictelllrkflu- Jestisation will be considered. a permanent connection. Apply 931 15th St. N.W. WRIGHT, SLADE & CO. Members New York Stock Exchange Chicago Board of Trade Stocks and Bonds Bought and Seld for Cash or CARRIED ON IARGIN THE MAYFLOWER HOTEL Conmecticut Avenve at De Sales St. Write or celd for weekiy marke: tetier Ne Obdlieations BUCK AND COMPANY Evans Bidg. 1420 New York Frankiin 7300 Mortgages Investments JAMES Y. PENNEBAKER Main5328 1520K St. N.W. We Are in the Market to Purchase Second Trust Notes —secured on improved real estate in the District of Columbia. Prompt Service Given National Mortgage & Investment Corp'n 1004 Vermont Ave. N.W, Rates and Information without obligation. EAVER BRO! REALTORS Main 9486 809 15th N.W. A Surety Company Guaranty EHIND each 61,9 IN- SURED MORTGAGE BOND is the unconditional guarantee as 1o payment of principal and interest, of the Equitable Casualty and Surety Company, with eapital and surplus of over $2.000,000.00, under the supervision of the New York State Insurance De. partment Secured by mortgages on owner-occupied homes in the District of Colum! deposited with an inde- pendent trustee, these bonds are the direct obli- gation of a company with capital and surplus of more than $750,000,00, Maturities, 2 to 10 Years les experience | | recent low. ARE HEAVY TODAY Good Rallies in Foreign List. Trading Is in Small Volume. BY CHARLES F. SPEARE. Special l‘mvllch 10 The Star. NEW YO! June 18.~In one of the smlllest markets this Spri do- mestic bonds today showed a heavy tone, in contrast with some very good rallies in the foreign list. ‘The urgent nquld‘tlon appears to be over temporarily. There has been a recovery of from 1 to 21, points in high-grade bonds that were on a bar- gain basis the middl: of last week, but now have lost their attractiveness for dealers and institutions who were will- ing to buy them at the lower levels. Some profit taking appeared from those who expect to tuy bonds cheaper during the Summer on the theory that ‘money rates will continue firm through- out July and, possibiy, until the mid- dle of August. High and Low Prices. The decisivé’ character of the reac- tion that culminated on June 13 is only realized after a study of the tables giving the high and low prices of the year. Numecrous railroad and public utility issuss of the very best grades went off as much as 6 and 7 points, although the actual sales at the bottom figures were small. In only a few instances has there been much recovery so far in the older issues. The maximum was reached in Baltimore & Ohio refunding 5s, which touched par and rallied to 102!5. Great Northern 7s and Louisville & Nashville 5125 were up today 2 to 1'% poinits over the Th2 best gains have been g:'thel recently ?’ndlcated bonds bear- 412 per cent coupons. Among them are the Australian 4'2s, which advanced nearly a point to- d-y‘ and were 11 points above the low. itavia Petroleum 4!2s were over 2 lnu above last week's low. New South 58 s after e e ’Prhood‘/gl ln?smtkllmll 158 losing some ground. ‘There were declines in leading mndu\l rails and in the Unmd States Government list. Japanese Utilities Strong. The lmw features in the fore! the Japanese public l.he lu!.lln public utilities and l"rem:h municipals, rails and ments, with some reeovery in public_utilities. ‘There was very little dalnx in :lther | steady; {bama, Louisiana {Blise Triumphs, 168 S gMail this Coupon TODAY /. 1412 & Street N.W. - WASHINGTONDC. CAPITAL & SURPLLS OVER 75000000 “Please send me your curculer o Tusured Morigage Bonde BUYING POWER DOWN. Three-Point Index Drop Is Re- corded in the Past Week. Rum»?mmwmmmu'ru Star Ofios UNITED STATES. (Saler are n $1,000.0 Sales. Hizh Low. Lib 3%s... Liblst 4% e Lib3d 4%se Lib4thee US 8%s43-. USds1044. US4%sbs. 15 1007 13 10126 10121 10125 47 1001 91 1024 1022 11026 : 110326 10826 108 26 30 11381 11327 11327 100 100 102 FON!!GN, Argentine 6s Ju Ii Argentine 6s Oct59 Argentine 68 A.... Argentine 6s B. . Australia 4%s'56 Australta 6s 1 Australia 6s 1967 Austria Ts Bank of Chile l%l- Belgium 6 Belgium 63 Belgium 7s Bolivia Bordeaux Canada 6%s 1929 Chile 8s 1941 .. Covenhagen 6% 8 Csecho 8 62 Danish Munie Danish Munic 8s B 00313 13 01 i 01 e b 905 e e 00 1 =3 5 Norway 5s 1963, .. Norway 5. Norway 6s 1 Rio de Janeiro 6%s Rio Gr Do Sul 193 Sao Paulo 1950. Saxon (PW) 7 Serbs Crot Slo Index numbers of farm purchasing pow. d of agricultural and non-agricultural are given Purchasing e Power Agricul- Non-Agri- tural lluul Prices rices i3 %3 prawtraatn g 555555.5555 E 4Conm-hL 1928.) PRODUCE EXCRAHGE. NEW YORK, June 18 (®.—Flour Spring patents, 7.4087.75; soft Winter straights, 7.35a7.75; hard Winter straights, 7.25a7.65. Rye easy; No. 2 Wenzm, 132 f.0.b. New York, and L1 Pork POTATO TRADE FAIR. CHICAOO June 18 (United States 0( iture) — mbfl o Ala- IICM North Carolina, rish cobblers, 2.50a2.60; Eastern Shore Vl.glnh hnr- rels Irish cobblers, 3.00. stoc trading slow, market dull. Wiwonnn sacked round whites, 85a95; Idaho sacked Russets, mostly around 1.00. COTTO! GOODS QUIET. NEW YORK, June 18 (Special) — Cotton goods markets were quiet at the start of the week. Print cloths were quoted unchanged at 7% for 64x60s and at 8% for 68x72s. Raw silks were unchanged in a slow market, B CANADIAN PACIFIC. NEW YORK, June 18 (#).—Edward it Triumphs, 'ux on white stock. md Texas ‘W B!l!ly. Mn! of the Canadian gross earnings for May exceeded MAY, 1927, by $2,600,000 and net should show a substantial increase. Directors did not contemplate any spe- cial_distribution of its stock holdings in Consolidated Mining & Smelting, he sald. General business was being well maintained and earnings the next few months should be satisfactory. e 8 e BUTTEB 18 STEADY. CHICAGO, June 18 (#).—Butter Unchanged; receipts, 21,470 tu creamery, extras, 43; standards, 42';, ©xtra firsts, 41 042, firsts, 400407,; sec- onds, 37a39'% l‘cu—«lawr receipts, 34,260 cases: firsts, 28a28',: ordinary firsts, 26',a27Y,; storage packed extras, 30%; firsts, 2 CAIADA TRAFFIC DOWN. NEW YORK, June 18 (#).—Freight traffic on Canadian rallroads the week ended June 9 declined to 66442 car- loads from 69,075 the week before. Re- ceipts from connections were 37,389 carloads, ageinst 37,112 the previous week. S WILL BOOST INCOME. NEW YORK, June 18 (#).—A divi- dend of $1.75 & share on Americen & Foreign Power second preferred, series A stock for October 1 to December 31, Utd Kingm 6%s 39 ales High 15 18 47 110% 104% 103% 103% 981y 100% 3 10 Utd Kingm 6%837 27 Utd Steam Copen l- Am T & Teltrbs. AmT&Tatbs.... Am Tel & Te) 6%8. periods Table “lix‘x ‘Which' ‘the" average | Am Water Wks 63, nts Anaconda 18t 6s. Anaconda ¢v ab 7s | Armour&Co ¢ | Armour Del 6 Assoclated O1) Harnsdali 68 194 Bell Tel Pa 6o C BechlehemStl pmbe Beth Steel 6148 53. Beth Steel fs. . . Bkiyn Union 5%s. . Certain-Td § Y srcts Chile Copper b4, Liggett & Myevs 78 Lorillard ba LouisvG & B Manau Sug #f 18 Mid Con 6 e 40 aidvale Slee! Nor Ohlo Tr & Nor States Pow Nor StatesPowés. . Pacific Gas & 1 6 Pan-Amer Pete Iaramont 6s 1947 Pathe Kxchsnge 78 Phila&iteadUl! Plerce: Arrow ¥ Por Ric Am Tob Punta Alexre 18 Rem Rod 6% war. Stncleir ULl 68, .. Sincleir O1) 64 Sinclair Ol 1s... $inclair Crude 6% Skelly O1l 63 south ell el b Bouthwest Bell Stand Ol N J LenniilecPow 6s 47 U 8 Steel of Utah Pow & Vertientes Sug Warner Sug T8 49, Warner Bug s 41, | West Islec 68, wnwnl')o Int 68 Yongstn S&T 68 wi, S5 vt 48 0b-68 chison ad) 48, . Alchison gen Atlantio C L 181 4 Atlan C L 4%s 64, 1927, clearing up arrears for 1927, will increase income of Electrie Bond & Share Co. $1474,218, equal to 61 cents & share. 5 & O Gola B&Oovilhe B&O st baot. M &0 682000 D, 104% 3 101 1044 9% 105% 105% 98% 1 © =N ARNAVARRENESk g GoaRES & o lul‘h vk 92 100 101% 1044 98Yy Y Y8ly 108 100 o 95 109% 105% 1224 9114 104 105% 106% 99 100% 100 » 1074 110% 106 101% 105% 102 108 Yuik w 105% 98% 1084 Hb% 97 celullom orn © o o veleceleccad xun cRennNE-mTake 1024 107% 10044 1000 93 106 104 110% 108 1021 102 3 100 = Fe B RAILROAD 1 90% B9 10 pbk I 94% b 100 18 BN “ 98y 4 104% 4 102 71007 100 1022 6 1026 Low. Close 99% 99% 9% 994 997 1004 100% 101% 105 100% 10015 1067 10632 1163 106 1064 1168 106 101 L 1014 95% 98% 9% 1% 95% 105% 934 105'% 107% 1003 994 104% 100 100% 106% 110% 106 101% 105 101% 103 99% 69y 105k Yl 1038% Yh% Vi 95 106 ub YRy 99 1% vi EELY Wik 1034 1030 105% 9614 HHYh 102% 107% 100 99% us 106 104 110 103% 1024 1014 100 105 103 105% 1054 105 9 YRy H9% 1011y w7 il 1084 103% 108k 1053 2% Bt 10214 1071 1004 100% 93 106 104 L10% 1034, 10244 1014 100 0% B e 04 99 944 0% 1044 e H0% B9 #il B D% vin OBl 104% 102 . Low, Close. 101% -101% # 108% 108% 104 95 94k Brooklyn Elec 6 BkiynElevate Bklyn Manhat Canada South 58. .. Can Nat 4%8 67 Canad North 78, Canad Pac deb 20 Central of Ga 6 Cent Pao 18 Chesa Corp 68 w 1. Ches & O ov 4% Chi B&Q gen 48 63 CB&Q4%sT7B.. Chl B & Q 1st rf bs. CB& Q-Ill div 4s., Chi& 11) kD 68 61, Ch1 Gt West 43 69.. C M & St P gn 8! CM&SLPgn 4l CM&StP bs (new). 3 CM&SLP ad) (new) 19 CM&StP6ES..... Chi NW 4%s 2037.. Cht & NW T Cht Rys 6s. Chi R1&Prfds... CRIPac4Y%swi. ChiTH&SBbs.. Cht Unton Sta 5s 44 2 Chi& W Indcn 8. 2 P L T L o coarifam Clev Term 6%, C&S 1st4szy. Cuba R R bs. Cuba RR 7% Cuba Nor 6% D & Hud cv 58 35 Den & Kio G cn 4s. Den&R10G 4345 38, 10 D Rio G West 6 39 Zrie conv 4s A. Erie convis B... Kriecvt 5867 w i Erie & Jersey 6s... Fla Kast C5s 74 Grand Trunk 78, Great Nor gen 7 Green B & W db B. Hud & Man aj 6: Il Cent 4%s 66 Il Central rf L1l Cent Chi 4% Int Rapid Tran 93% 9l 99% YTH 994 96 101 104 107 994 100% 88 99% 1004 Kan City Ft 8 ¢ Kan City Term Lake Shore 48 38. Lake Shore 48 31.. long Island 68 37.. Louis&Nash uni 48 | L& N a%s 2003 Louts & Nash 5 Louts & Nash 6% Market St 7s 40 Mit Ei Ry & L 68 61 M St P&SSM cn 4s. MStP&SSMSs3sgtd 9 M StP & SSM 648, 2 MK®&T1st 4 10 MK&Tad) b Mo Pacific gen 48, Ao Pac bs A 6! Mo Pao bs F 17, 35 Mob&O 4%s 77 ots. 25 Mont Trm ref 58 41 sau K1 4361, ... WO Tex& u 68 B, NOT&Mbk%s N X Cent 49 98, NYCrfimey N Y Cent r 1 b. NYChI&SIL 6% A NYCHI&StL 63 3B New Haven8%s 64 6 NYNH&H eWs. 12 10 NY O&W gen ¢s 55 N ¥ State Ry ¢3gs. 17 NYStateRy 6%863 8 NYW&B4js, Nor Pac 38 2047... Northern Pacitic 43 Nor Pac ¢ %8 204 Northern Fac bs Northern Pacr ) Pennsyl gen 448, Pennsyl gen bs. Pennsyl 6 %8 Pennayl 5old 78 PCC&SLL 68 B 76 Port RL & P 68 43, Port RL P 6s 47, Reading sen ¢ 4s. RIATK & L oY StL 1| M&S go 68 81 Bt L IM&S R&G 48 StL&SFDI4sA Seaboard AL Seab A Laa) Seab A L con Sou Pac 43 29 Sou Ry ger Sou Ry 6s66.., Sou Ry 68 . Texas & Pacific 1st l\i 109w 101% 63 % 1003y 92% Y55 980 111 105 101% 1004 5 104 Y94 99 0% To\ Te LaP t1s 10 Union Pac Istrf 48 Unton Pac 1 2 Virkinia iy it bs. Va Ry & P 6 1014 W, 100 1037% 994 99 90% stern Md 644s. Western Pacific 68. West Shore ¢s 2361 Wall Street Briefs EQUITABLE CASUALTY.—Equita~ ble Casualty and Surety Co. has in- 101% | creased its capital and surplus to about 81,000,000 1017% | organized four years ago with capital each. The company was of only and $130,000, PATTERN PIRACY. — “Piracy $250,000 surplus of of y8Yy | patterns” has been condemned as an unsound and unfair trade practice by 70 per cent of the mills manufacturing cotton bedspreads, the Cotton-Textile Institute reports. As a means of elim- inating this abuse, the mills have a) proved appointment of a trade prac- tice committee to inquire into alleged instances of unfalr duplication and imitation. TRADE JOURNALS.—~More than 1,500 trade journals are now published in America, and analysls by Bond & Goodwin, shows that this branch of the industry, to an increasing de- gree, is resorting to the group publish- ing method. In the last year, the bank- ers note, numbers of these journals have come to Wall Street for funds to effect consolidations. TIRE PRICE CUlfl ~The reduction In tire rrlmu announced by the major companies had been discounted, and the only reaction in the market has been to stimulate interest on the part of the trade itself, says PF. R. Hen- derson, president of the Rubber Ex- change of New York. There is a grow- ing feeling that the statistical posi- tion for the balance of the year may s0on be reflected In a higher level of prices. WERTHEIM & CO,—Werthelm & Co. have purchased a common stock interest in the Pmppor 8ilk Hoslery Mills, Ine., whwh has developed in nine *”" as & lealing producer of wemnn s igh-grade ho- ‘The mnpmy 10 bonds or preferred: stoc % | March average. D. CO; MONDAY,. JUNE 18, 1928. DOMESTIG BONDS | Covvew vonx_BONDS s s STOCK INDEX DROPSIPOULTRY CHEAPER | _compe e INWEEK'S TRADING) IN CENTER MARKET Sharpest Slump Since Start|Broiler Demand Good—But- if'm” of Bull Market Is Seen. Trade Falls Off. Special Dispatch to The Star. NEW HAVEN, Conn., June 18.—The sharpest slump since the big bull move- ment started hit the market with a vengeance early last week, shooting down prices all along the line. After a substantial recovery, the secondary reaction set in, further weakening price levels. 3 Every index showed a drop from the previous week, those hardest hit being the motors, stores and coppers groups —off 14, 13 and 10 index points, re- spectively. Preferreds, foods and steels suffered the least. In the motors group General Motors, Chrysler and Studebaker led the fleld in coasting downhill, while Federal Mining & Smelting, American Sm&¢- ing and Anacoda registered the sharp- est, price recessions in the coppers di- vision. Montgomery Ward, National Tea and McCrory “A" eased off the stores index. Speculative Issues React Most. Among the industrials the more § ulative issues felt the keenest reac lon A compact survey of Stock Exchange movements is given below by indexes and per cent of return: Stocks traded. Rate of return. 3.4% 2.9% 3.0% a4 1% 0% February average. 3 o January average.. 3 i 1027 average.. 1926 average. High (26,27, zovd e outs une '28) ( . uly'26) Low ('26, '27,'28) 8 8% Uapril26) (Aprit 36) (Aprit 38 New York Stock Exchange trading was considerably less than the week before, the average value of the com- mon industrials c! hands falling to $225,700,000 a day. e turnover for all stocks also fell back, averagi daily trading value of 3273 ,300,000. Rail Trading Heavier. Trading in rails, utilities, steels and Blocks held. Weelk ended— June 15..., June 8. June 1. Year ago.. May ‘average April average.. . *|ofls was considerably heavier than the week before, while activity among the laneous groups was much lighter. Atlantic Refining, Houston Ofl and Sinclair common boosted the activity in oils, whereas United States Steel and Be“r.?lehem helped the steel trading s. Hupp and Reo, with a turnover less than half of the prekus week’s, de- pressed the motors trading. ‘The average daily vl!\le of trading | a1 in common indusmnl stocks for the ?receglng week v;lu szugoo,ooo. and for the correspon week a year was_ $118,500,000. o i The average daily value of tradings in all stocks (preferred and common stocks combined) was $280,500,000 for the week ended June 8. (Copyrisht. 1928.) Baltimore Markets BALTIMORE, June 18 (Special) — | Poultry—Spring chickens, pound, 40a42; | small, 32038; Leghorns, 25a32; old hens, 20a27; poor and thin, 17a18; nld roost~ ers, 14al17; ducks, 23a25; poor and thin, 20; old, 15a20; pigeons, pair, 25a30. Receipts, 840 cases; native and current receipts in free cases, firsts, dozen, 2015, r—uood to fancy creamery, pcund, 431524 H.nh‘ 46a48; blocks, 45a47; ladles store packed, 30a 31 pmceu butter, M. Hay and Grain Prices, Wheat—No. 2 red Winter, domestic, no quotations; No. 2 red Winter, gar- licky, domestic, August delivery, Corn—No. 2 yellow, domestic, nominal; No. 2 contract, export, no quotations; wrn on cob, new, 5.7586.00, namlmu nal, per barrel. 0. 2 white, domestic, 77a78; No 2, 16a77. Rye——Neuby, 1.20a1.25, Hay—Receipts, none. Hay is arriving here in ample qusnmy. but the demand for local hay is very limited, and not | enough actual business is passing to establish quouuom on vlrlmu kinds of grades. Range of prices about 14.00a16.00 per ton for loofl hny in_timothy and clover mixed. Straw—No. 1 wheat, 13.00a14.00 per ufi;o;io. 2, 13.00a14.00; No. 1 oat, 13.00 214.00. nearb; 25-26 Live Stock Market. Cattle—Receipts, 350 head; very light receipts, market steady. Steers, choice, 13.00 to 14.00; good, 12.00 to 13.00; medium, 10.75 to 11.73; common, 9.75 to 10.75; feeders and stockers, 8.25 to 11.00. Heifers, choice, 10.50 to 11.50; good, 925 to 10.25; medium, 8.25 to 9.25; common, 6.75 to 7.75; feeders and stockers, 6.75 to 8.75. Bulls, choice stable, 8.75 to 9.75; fair to good, 7.75 to 8.25; common to me- dium, 6.25 to 7.25. Cows, choice stable, 8.75 to 9.75; fair to good, 7.35 to 8.50; common to medium, 3.25 to 5.75. % Sl Ee?ll lndwlnmlx —;Me! p IDh.w ea r supply, market lower; 3 2.00 to 6.50; lambs, 11.00 to 15.75. Hogs — Receipts, 2,000 head; light supply, market higher; lights, 10.10; heavies, 10.40 to 10.65; medium, 10.90; roughs, 6.50 to 900; light pigs. 8.25; plgs, 9.10; Western hogs, 10 to 20 high- er than quotations. Calves — Receipts, 560 head; light sl\;po],:)ly. market steady; calves, 5.00 to Country Produce. Potatoes, white, hundred al1.25; new potatoes, barrel asparagus, dozen, 1.00a3. bushel, 50a1.00; beets, 100, 300.500 cabbage, hamper, 50a65; carrots, mn. 3,0085.00; cucumbers, bushel, 1.00a2.50; celery, crate, 2.50a4.50; 1.50a2.50; e*:pl-nt crate, 2, tuce, bushel 75, 1.25; DB pers, 1] a3.00; Spring onions, 100, 1.00a1.26; spinach. bushel, 50a75; llflullh. M!l 1.25; tomatoes, crate, 75a3.5 Apples, bushel, 1.50a3.25; barrel, 3.50 a8.50; blackberries, gulrt 8al4; canta- loupes, crate, 1.25a3.50; cherries, pound, 4a15; grapefruit, box, 3.00a5.00; peaches, crate, 3.50a4.00; atnwberrm, quart, 5a15; wnurmnln corn, _crate, 00a3.50; let- MOVE TO EIO BOARD NEW YORK, June 18 (#).—Recent transfer of seeuritles of F. & W. Grand 5-10-25 Cent Stares from the New York Ourb Murket to the Stock Exchange, the fifth of the 5 and 10 cent chlflu to avail itself of & broader market, is expected to be followed in the near fu- ture by applications from others of the Junior chains. smaller compa- nies have shown rapid growth in recent years, Fpera auto accessories and the mis- | | ter Prices Are Reported to Be Slightly Higher. Cheaper prices in the poultry market was this morning’s report of interest to retaflers. Wholesalers the past few days have been in receipt of larger shipments of poultry from nearby and distant points, enabling them to more than meet current demands. Spring broilers continue in good de- mand, dealers report, and the chickens are gradually increasing in size. Chickens always are in fairly good de- mand, the demand usually showing an appreciable increase when the Spring broilers appear. Dealers continue to good shipments of turkc{s but the de- mand for them is not great. Live turkeys this morning sold at 25 cents a pound, dressed stock selling at 30 cents. Butter prices were reported slightly higher. The change was not great enough to affect retnu prices, however. The egg market was unchanged, cur- rent receipts selling at 29 an hennery and selected stock selling at 30 and 31 cents & dozen. Fruit and veietlhlz duplnys continue attractive, dealers reporting a !alrly good demand for both the fruits and the vegetables. Prices were about the same as prices quoted at the close of last week’s market. Today's Wholesale Prices. Butter—One-pound ;rlnzs tub, 45a46; store packe Eggs—Fresh selected, 30a31; nery, 30a31; current receipts, 29. Poultry, alive—Turkeys, 25; large, 26; small, 25; Leghorns, receive fairly 46a47; hen- fowls, 20; % | Spring broflers, large, 42a43; medium, 40; small, 35a38; Leghorns, 32a35; roosters, 18; keats, young, 75; old, 30. Dressed—Turkeys, 30; Spring brollers large, 45a46; medium, 42a43; small, 4 Leghorns, 38a40; towls large, 27!23 small, 25a26; capo large, smuu. 30a35; ducks 20l25 keats, 100! 1.1 Me-u fresh killed—Beef, 23; veal, ing a | top, 23; hmh 2!!30 pork loins, 26a27; ed shoulders, 14a15; 13a13'2; hams, 23a24; smok con, 20a21; lard, 1412; Spring lambs, 17 Fruit and Vegetable Review. Today's market report on fruits and vegetables, compiled by the Market News Service, Buxeau of Agriculture Economics, says: Cnnmoupex — Supplies liberal; demand moderate, —market stronger. California, salmon jumbos, 36s, 4.00; jumbos, 45s, 4.25a 450 nflndnrds 45s, 3.75a4.00, mos 4.00; ponies, all sizes, 3.25; flats, alms 1.40a1.50; few higher; ripe, soft, all sizes, lower. Lettuce—Western stock suvggu mod- erate; demand moderate, t slight- ly weaker. California, crates, Iceberg type, 4-5 dozen, 4.25a4.50. Onions—Supplies moderate; demand light, market dull. California and Texas standard crates, yellow Bermu- das and crystal white wax, U. 8. No. 1, 1.50, Potatoes — Supplies heavy: demand moderate, market very weak. North Carolina, South Carolina and Virginia, all sections, cloth-top stave barrels, Cobblers, U. S. No. 1, mostly 2.00. Tomatoes Weaker. ‘Tomatoes—Supplies liberal; demand moderate, market slightly weaker; Mis- sissippl fours, green wrapped ripes and turning wrapped No. 1, nouus few low as 1.00; few high as 1 ‘Watermelons—Supplies Ilmned de- mand moderate, market firm; car lot sales, ‘Tom Wal 2u-pound average, 5.50a6.00; poor condition, sun- burnt, some anthracnose, 2.75a8.00. String beans—Supplies modenfie de- mand moderate, market slightly strong- er; North Carolina, 5-peck hampers ‘reen stringless, 1.50a2.00. l;fl‘uu liberal; demand luht market htly weaker; Virginia, Eastern Shore, barrel crates, approxl mately 100 pounds net, pointed type, 1.25a1.50. a e- A.srnzus—sup plies moderate; mand moderate, market steady weaker; Delaware, dozen and 18-bunch crates, green, 2.00a250; Maryland, Eastern calves, COAL ROAD TRAFFIC. NEW YORK, June 18 (#)--An In- creased volume of business handled by the principal anthracite-carrying raile roads 1s expeoted to be reflected in earn- ings for m}' vlth mlrhd im) nmlnt over previous monthl; oflg\’flu tually the entire Tmup show nlnl 1,2 Pratin, o S o ast year, ugh only tral of New Jersey, the Erie and Dela- increases in gross. SILVER QUOTATIONS. NEW YORK, June 18 (#).—Bar sil- ver, 50lg; Mexican doflars, 484 Shore, dozen and 18-bunch crates, ;reen‘ long, 2.50a3.50; mostly around Peas—Homegrown supplying market. Cucumber Market Dull. Cucumbers—Supplies ubero.l demand light, market dull. South Glrvllnl. bushel hampers, fancy, 200!150 North o-mllns. bushe! hampers, fancy, 2.50a Exzplanb—Sup les light; light, market about steady: pepper crates, fancy, 2.50a3.00. Peppers—Supplies moderate; demand light, market weak; Florida, pepj crates, fancy, best mostly 3.00; few higher; fair quality and condition, 2.25a2.75. Squash—sSupplies moderate; demand moderate, market about steady; North | Carolina, bushel hampers, white, 1.25a 1.50. Peaches — Supplies _light: demand light, market dull; North and South Carolina, bushel baskets, white clings, large size, few sales, 5.50: small tp me- dium size, some slack pack, 3.00a3.50. Rist il asioin SPECIAL MEETING. NEW YORK, June 18 (#).—Consoli- dated Gas Co. has called a special meet- ing of stockholders for July 16 to au- thorize an increase in common stock to 12,000,000 shares, from 4,330,000 shares, and to exchange the present shares for twice that number. This conforms with the plan for a merger with Brook- yn Edlmn Co. DIVIDENDS BESUHED NEW YORK, June 18 (#).—Interna- tional Agricultural Corporation today resumed dividends on the prior pre- ferred stock with e quarterly disburse- ment of $1.75 a share, payable Septem- ber 1, holders of record August 15. The dividend was omitted in April, 1927 and Prices The purchasing wer of the dollar dropped slightly last week, thereby reg- istering the first recession in well over a month. This change was quite natural- Iy reflected by the wholesale price in- dex, which gained proportionately. The recent slump in wholesale prices seemed headed for tie levels main- tained this time a year ago, but last week's trend might possibly start an- other upward movement, Fluctuations in the general wholesale price level and in the purchasing power of the dollar are given below for vari- ous periods. The average for the year 1926 is the base used. Purchasing wyek en}sd Y‘h ware & Hudson, it is said, will show | the Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefi$ Life lns. Co 1520 K Street Main 475 “We close at 4:30 p.m. until Sept. 4th.” NEW YORK, June 18 UP) -—Elmlnn rez share of common stock rgnr- lons reporting during the pnt week fol low. atfen” lndnnms. Ine. American o' Co ) LOANS Let us have your applications °LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years spetes for itself. Percy H. Russell Co. 926 15th St. N.W. COMPENSATION INSURANCE M. Le Roy Goff ALL BRANCHES mxucm 613 Woodward Bldg. McKeesport Tin (ias” uml( o iarmans’ o Power Co. 233p83253" theastern Pow. & Tlities Fower & Lt Gors. First quarter. rillo Manu! lm.urlnl C ternational org: 2 v 225 8 88 uns Pacil Para; TD. Pipe & i ingressed cay Py lnuon 2—1927 inc] udu first Italy has n.-md a campaign to re- duvie the nubnenlcnr of her surplus cats, FIRST TRUST LOANS 5%% Money to loan on D. C. real estate. Applications invited. Prompt attention. W. H. WEST COMPANY Founded 1804 916 15th St. DAYS In Which to Consult Our Experts About Your COMPENSATION INSURANCE 5% & 5%% Homes, Apartments and Busi- ness Properties In District of Columbia and Nearby Maryland-Virginia 3-5-10-Year Terms Prompt Replies Randall H. Hagner & Co,, Inc. Main 9700 1321 Connecticut Avenue Mortgage Loan Correspondent New York Life Insurance Co. B. F. SAUL CO. Main 2100— —925 15th St. Values and Locations IT takes years of experience and hard study to get an adequate knowledge of values and loca- tions. But such knowledge gained is invaluable. This knowledge is at your disposal. Our competent staff know business property values. They are willing to put their information at. your complete disposal, whether you want to buy or sell. A quarter of century of experience is yours to com- mand when you pick up your telephone and call Main 5904. J\C{égndww Realtors Main 5004 1428 Eye Street N.W. A QUARTER CENTURY OF DEVOTED SERVICE G.M.-.P. MURPHY & CO. New York WASHINGTON Richmond MEMBERS New York Stock Exchange ‘Washington Stock Exchange Richmond Stock Exchange Chicago Stock Exchange New York Curb Market Copy of our “Fortnightly Review” om Request 1508 H Street Connecticut at K Main 9600 Private Wire and Telenhone to New York Will July Find You UMAN nature is the same the world “Holding the Bag” H over. When your July dividend checks come in, you, too, will be under a temptation to indulge in some ex- travagance that you can easily dispense thh. Don’t let July find you “holding the with dividend money in your pockets to be spent instead of invested. NOW is the lime to make your reservations of Swartzell, Rheem & Hensey Company of- ferings. Do you know that you can a now to turn over your dividend checks E day that you receive them—without loss of a single day's interest? Some of our current oflmm of First Hon- gage Notes, available in denominations low as $100, yield 6%—an atteactive nh e ey et O no e of has cvor suffered loss,