Evening Star Newspaper, July 3, 1928, Page 10

INTERNATIONAL York, June 26th, tors. X siaty Stoc) the close of business, dent and Treasurer. 10 *» FINANCIAL PAPER COMPANY, 928. The 4 have deciai (80c) cents a share on the 928, to common stockholders of record August 1st. Tran: PHERD, Vice Pres FIRST & SECOND TRUST MONEY Complete Financing —of both FIRST and SECOND trusts on —HOMES —APARTMENTS —BUSINESS PROPERTY No Appraisal Fee Prompt Service Real Estate Mortgage & Guaranty Corporation AN NI OO DO PENE Y51 Main 1403 26 Jackson Place New Board of Direc- guarterly, dividend of n mmon X of this Company, pavable August 15th, al 1928, ster books will IBANK CALL FINDS ' DEPOSITS STEADY {Some Few Declines and Gains Reported—Likely to Equal Last Total. BY EDWARD C. STONE. Bank deposits in Washington on June 30, 1928, are likely to equal or per- haps surpass those on February 28, 1928, according to a rapld assembly of available figures today, following the call issued today by Controller McIn - tosh asking for the When You STEP OUT To lunch. step utiful new 15th mear I always park). first step to complet **" OFFICE FURNITURE For here vou will find the most _complete range in price ve ever seen floor. Two_Entrances 1018 15th St 1506 L St. N.W. 5660 Franklin 5%% and 6% Real Estate Loans Save your time and energy by coming first where you know the money can be found. No appraisal fee. Prompt decisions. Mortgage Loan Department SHANNON & LUCHS, Ine. 1435 K 56 KW, Phose: Main 2345 14th and H Streets Capital, $1,000,000.00 Checking Accounts Saving Accounts Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Checques Acceptance Credits Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER, President Capital, $1,000,000.00 Every Banking Service At Every Banking Office Commercial Savings Tru Real Estate Foreign Exchange Safe Deposit Departments /&MERICAN SECURITY A TS COHPARY - 15th and Penna. Ave. Five Banking Offices Capital, $3.400,000 Surplus. $3.400.000 WASHINGTON'S LARGEST TRUST COMPANY condition of all banks in the Dis- trict of Columbia, on June 30. The call found about a dozen banks in the Capital show- ing declines in to- tal deposits when compared with the reports on_the date of thch rt‘eb{‘:;‘lr}; call. The fact tha Maurice Otterback. S0 THE KO0 el a slump in deposits will cause no sur- prise in local banking circles, as there never has been a call when all the banks showed gains. _Furthermore, the last Federal Reserve Board's report an- nounced a falling off in deposits all over the country and there appeared to be no reason why local banks should < | not experience some moderate declines. So many banks, however, are report- ing good gains that the total deposits in Washington will make a splendid impression. It will be remembered that the February 28 call came just before the heavy withdrawals for tax pay- ments. It found the local banks about $10,000,000 ahead of the December call. If most of that $10,000,000 gain has been retained, local bankers will be highly pleased, to say the least. Comparison of Last Two Bank Calls. Below are the figures of many of the leading banks in the city, so far as obtainable on short notice. Jupe 30, 1 American Sec. & Trust$31.340. vings.. 2.03¢ Feb. 28, g LrH EA £ Merchants’ Bank & Tr. Mount Vernon Savines 8 E £ 5! o & & BubBRusbiin SEudams SRRESZEEE 25288 3 8 o0 nen BER5E; EEL N echanies Sav. Anacostis Bank . Of the first 26 banks reached today, 15 reported gains in deposits and 11 had declines. The National Savings & Trust Co. | reported the largest gain in deposits of | any bank in the city. Heavy Trading on Exchange Here. Pre-holiday trading on the Washing- ton Stock Exchange today was excep- tionally heavy, both dm and stocks opened at 105% and s me T cent ferred 1 -’fm the R: per cent stock sold at 106%. Thirty shares of Federal-American National Bank stock came out at 338, Riggs National at 530 and closed at 533, on a 35-share tugnover. Ten shares of Security Sa Com- mercial moved at 480 and can Security & Trust sold at 450. Peopl Drug_came out today at 1073, Chestnut Farms Dairy preferred 041 at 104. One and ten oo L T 353 items profits for 30 amount- hen com| for the cor- dicate sub- y's statis- .64 per share on the common stock for the first six months of 1928, out of which two 30- cent guarterly dividends have been paid. Started Career Half Century Ago. “Hats off to the “Mayor of Anacostia,” who started his business career just 50 years ago today. Born on A 3, 1862, Maurice Otterback took his first position July 3, 1878, with the National Capital Telephone Co., later absorbed by the Chesapeake & Potomac Tele- phone Co. After advancing to the position of as- sistant chief operator, Mr. Otterback re- signed in 1890 to become. note teller of the National Capital Bank. He held this position until he resigned to become manager of the Anacostia branch of the vings Bank in October, 1907. started in May, 1910, and was elected its president in 1918. Mr. Otterback is a great booster for Anacostia. He is a director of the Na- tional Capital Insurance Co. and the Eastern Building and Loan Association, a trustee of the Sibley Hospital and of the Swartzell Methodist Home for Chil- dren. He has long been prominent in { , and is a member of the Cham- ber of Commerce and other trade or- ;gamuuomv | Pifth District Building Permits. | Building permits issued in May in 30 cities of the Aifth district exceeded those issued in May, 1927, in both number and valuation, bringing the total valuation | for all permits issued this year 25 per | cent above the valuation in the first five | months of 1927. Retall trade in de. | partment stores in May, 1928, exceeded | the trade of May, 1927, by about 2 per | cent, but May, this year, contained an additional business da; Wholesale trade y. last month was | larger in all lines reported upon than |in April, but was below the trade of | May, 1927, in all lines except groceries and shoes. Unseasonably cool and wet weather in most of the district during May and the first half of June so delayed crop development that it is difficult to an- alyze prospects in agriculture for this year / “The cotton crop, the Richmond Re- serve Bank says, is from two to three weeks late, and 1s in serious danger from weevils, but, with this exception, prospects for the year's farm operations appear to range from fair to good, al- though practically all crops are late and many fields are full of grass. DEPOSI'I; TIME 7EXTENDED, NEW YORK, July 3 (#).—U. 8. Cast Iron Pipe & Foundry Co. has extended 1o October 1 the time for deposit of stock under the recapitalization plan. More than 84 per cent of both classes of stock has beep deposited Rl:lBBEi DECLINES. NEW YORK, July 3 (Special) Crude rubber, smoked sheets, declined | Y cents at today’s noon quotation of 189, cents. This compares with 19% cents 8 month ago and 35 s year wgo, THE TVENING STAR, WASHINGTON, D. 0. TUESDAY, JULY 3 NEW YORK STOCK EXCHANGE e Wire Direct to The Star Offige. ' Open. High. Low. Close. Abitibl Power(4. 62 63% 61 63% Abitibi Popf(6) 102 102 102 102 Abrahm&Straus 96 96 96 96 Abr&Strasi% pf 111% 1113 111% 111% Adams Exp (6).. 295 312 206 312 Adv Rumley 41 464 41 45% Adv Rumley pf. 51% 55% B0 56% Ahumada Lead. 3% 3u 3% 3% Alr Reductn(2). 64% 64% 64% 64% Ajax Rubber. T Bh T 84 Alaska Junea. 3 3w 3w 3K Allied Chem 1684 172% 1678 172% Allied Cm pf(7). 120% 120% 120% 120% Allls Chalm(6). 120 123% 120% 123 Amerada(2).... 30% 82 30% 82 Am Agricul Chm 19% 19% 19% 19% Am AgriChpf.. 65% 67% 641 67% Am Bank N(73). 116% 116 1156 116 Am Beet Sug r WooW W W Am Bosch. . 321 83% 324 33% Am Bra Sh 1.60. 40 40% 40 Am Brown Bov. 16 16% 16% Am Can(2)..... R6 894 86 AmCar&Fdy(6). 95 96 AmC&Fpf(7). 126 126 Am Chicle(3)... 77% 78 Am Drug(80c).. 12% 12% Am En&Tilerts. W Am Express(6). 185 185 Am & For Pow.. 34 35% Am&ForP pf(7) 107 107 AmFPowzdpf(7} 93 937 Am Hide& Lea.” 11 11 Am Hide & Lpf. 43% 43% Am Home Pr(3) 7d% Am Ice(215)... 38 Am Internati(2) Am LaFr&Foam Am Linseed. ... Am Locomot(8). 97% Am Loco pf(7).. 122 1 Am Ma&Fy 215 145 148 Am Ma pfex-w. 115 115 115 Am Metals(3).. 47% 48 47% 48 Am Metals pf(6) 1131 113% 113% 113% AmP&L(.. 79 80 79 80k Am Po&L pf(6). 104% 104'3 103% 103% Am Radiator(5) 138 139 138 139 Am Ry Ex(6)... 120 120 120 120 Am Republic. 65% 61% 6ok Am Saf Ra t4%. Am Shipbldg(8) Am Smelting(8) Am'S & R pf(7). Am St Fdys(3). Am Stl Fy pf. Am Sugar. Am Sugar pf ( Am Sumatra Am Tel & Tel(5) Am Tel&Tel rts. 113 1% 12y Am Tobacco(8). 154 154 154 Am TobaccoB(8) 156% 155 154% 165 Am Tobpf(6).. 120 120 120 120 Am TypeFo(8). 115 116 115 116 AmWWEEI(cl). 57% 58% 571 58% AmWWI1st pf(6) 100 100 100 100 Am Whise pf(7) 110% 110% 110% 110% Am Woolen. 194 19% 19% Am Woolen 4TH 46% 4TH Am Zinc. 23% 23% Anaconda (4). 69 Archer-Dan(3) . T o82n ArmourDel pf(7 93% Armour, I11(A). 19 Armour, 1lI(B). 104 Armour, Tl pf(7) 875 Arnold Con & Co 39 Art Metal(13%). 28% Asso Dry G (23 ¢ 41% 414 41y AssoDG 2d(7). 1124 1124 112% 112% Ass0 0il(2). 45% 45% 46 45w Atchiscn(10)... 186% 188% 186% 188% Atchison pf(5). 104% 104% 104% 104% Atl Coast L(110) 168 168 168 168 AUGUI & WI.. 49 52% 49 51% AUGUIPI(3).. 54% 5% il 56% Atl Refining(4). 138 141% 137 140% Auxspawder(e), 76 T W W as Pow pf(6) 108% 108% 108! Atlas Tack..... 14% 1414 u:: lf‘::: Aus Cred (4, 63 63 62 62 Balto & O(6)... 107% 108% 107% 108% 80 80 80 126 7% 12% 6 108 145 1894 16 52% 111 T 108 57 5k 108 108 59 571 g:lto:opfll). 80 ng & Ar(3%) 66% 67 66% 6 Bang & Ar pf(7) 111 111 lllL, l’l‘l7 BankofCom(18) 638 638 625 625 Barnsdall A.... 21% 21% 21 21% Bayuk 18t pf(7) 107% 107% 107% 107% BeaconOil..... 15% 16% 15% 16% Belding Bros(2) 16% 16% 16% 16% Belg Ryspf 412 864 B7% 86Y 86% Best&Co(3)... 66% 66% 661 66% Bethlehem Steel 54% 56% 54% 55% Bloomingdale.. 34 34 34 a4 Blmingdie pf(7) 111% 111% 111% 111% Blumenthal pt 91 91 91 91 Bon AmiA(4).. 70 70 k(] Booth Fisherjes. ™% 6% 7 Booth Fish 1st.. 464 46% 46'% 46% Borden Milk(6). 159 159 159 159 Briggs MfgFCo. 34% 36% 34% 36% Brockwy Mot(4) 49% 50% 491 50v Bklyn Edisn(8). 2481 248'% 2484 2481, Bklyn-Man(4).. 65 66 65 66 Brunswick B(3) 41% 43 41% 43 Brunswick Ter. 39% 41% Bucyrus(1).... 36% 38% 36% 38 Bucyruscv(23) 45% 47% 45% 47% Burns Bros(B). 26 27 25y 27 Burroughs(t4). 155% 155% 155% 156% Bush Term(g2). 52 65 52 66 Bush Ter de(7). 110% 110% 107% 107% ButteCop&Z.. 7 T4 7 7 Butte&Sup(2). 11% 11% 114 11% Butterick Co 45% 4T 45'% 4Ty Byer & Co. 96 99 96 By-Prod(12.75). n kit Calif Packg(4).. 71 71 71 Caliahan Zinc 3% 3% 3% 8y Calumet&Ar(6). 96% 99% 96% 99 Calu & Hecla(2) 22l 23 22 23 CanDryGAle(3) 77% 78 77% 178 Can Pacific(10). 203 206% 203 206 Case Threshg(6) 333 347 333 345% Cent Alloy(2).. 32% 34% 32% 34% Cerode Pas(4). T6% 179 764 7814 gorul:-'reedu ) 42 43 42 43 erto Corpn(t4) 71% 71% g:lndle‘;-clev. 4 T 7;:‘: 7’11:2 es & Ohfo(10) 182% 180 182 C&O Corpn(3). o ‘5o ‘ea" Chi & Alton. ... 10% Chi & Alton pf.. 15% Chi,Great West, 11 Chi Gt West pf, 24% Chi Mil & StP., 34% Chi Mil & StP pf 46% Chl & Nwn(4).. 824 Chi Pne Tool (6) 119% 120 Chi R1&Pac(6). 18% 114 CR1&Ppt(6). 101% 101 101% CRI1&Ppf(7). 108 108 108 g'i:‘l,Yel Cab(3). 31% 31 31 d8(2.40) 45% 44! Chile Co(2%). 45 u:: :g» Chrysler(3). 2% 6% 2% A% Chrysler (rts 2% 2% 2% 2% Chrysler pfA(8) 114% 114% 114% 114% City StB6% stk 86% BT 86% 87 Coca-Cola(6)... 164 164 164% Collins & Aikmn 62 61% 6374 Col Fuel & Iron. 67 57 5% Col Gas & EI(5) 109 110% 109 110% Col G&E pfA(6) 107 107 106 Col Carbon(4).. 4 Bl% Com Cred(1). 31 Com Crpf(1%). 23%, Com Cred 1st 6% 90 Com Cr pf B(2). ComInvTr(3.60) Com In Tr pf 615 Com Solvents(§) Com Powr(13). . Congoleum-Nair CongCgrs(14%) ‘onley Tinfoil. . onsol Cgrat7). on Cgra pf(7). 180 5 10% 15 11 24% 33% 44% a6% B80% B2y 119% 120 113% 114 101 108 31% a“un 44% 10% 15% 11 24% 4% a 149% 148 3% T5% 18% 28% 23% 2 %2 1 1% 89 B6Y% 107% 107 107% 98 99 98 98w X . 24% 28 24% 24% | 149% 163% 149% 1527 101% 101% 101 101 % 1% 5 1% a% 8% 3% 84 27% 27% 27 20 29% 4% A% 6% T6% 9% BOY% 124% 6% 23% 2 1% B8 12 o 107 ‘onRRCuba pf 6 onsol Textlle, . ontainer A Cont Baking A. . Cont Baking B Cont Bak pf(¥). ont Canib) ont Insur(6) 6% 96 79 1% 665 72 170 0 Ol 9914 B0t 12% 666 2% 175 175 72 4 b 21 28% BB, 204 [ ‘urtisy Aero(1) 9K% 103 Cushmann pf(7) 122 122 Cuyamel Fruft,. b 624 B2% B Davison Chem.. 46% 46% 4b% 46% Deere&Co pf(7) 128% 128% 128% 128% Del & Hud(%).. 190 190 190 190 Del L& W(IT) 134% 184% 184% 134% Devoe&It(1280) 60 60 6O B0 DevoedkR 18t(7) 114 114% 114% 114% Diamond M(19) 164 160% 164 169 Dodge Bros A, . 14% 14% 144 4% Dodge Bros pf 7 T4% 76% T4% T4% Dodge (new) ... 4% 18% 14% Nodge pf (new) . 2% 0% 2% Dome Minest!) Rl W B Drug tnc(4). ... 3% Yz 9 £h), Crucible 8tl (5). neSugar, ane Su pf Cuba Company . 8% 102% 122 122 Received by Pri lDunhm Int(4).. Dupont(113.50) Du Pont deb(8). Duq Lt 18t(5). Eastman(t8)... Eastman pf(7). Faton Axle(2).. Elec Auto L(4). Electric Boat. .. ElecPow&Lt(1) Elec P&Lt pf(7) Elec Stor Bat(5) Elk Horn. ... .- Em Brantgm(A) End-John(5)... Engineers Pub S Equit Bldg new . Fquit Bldg(8). . EquitableTr(12) Erie RR.. Erle 1st pf. Falrbanks Co pf FairbankMpf(7) Fed Min pf(7). . Fed MotT (f80c) Fidelity-Phoenx First NatS(1%3) Fisk Rubber Kisk 1st pf(7 Fleischmann (3) Foundation Co. . Fox Film A(4).. Freeport (1634). Fuller pr pf(6). . Gabriel Snub A Gardner Motor Gen Am Tnk(4). Gen Asphalt. Gen Cabl Gen Cable A(4). Gen Cigars(4) Gen Elec(15) GenElec sp(60¢c) Gen GasA(ol3) Gen GasB(ells) Gen Ice Crm(3). Gen Motors(i7) Gen Mot pf(7).. Gen Outdr Ad(4) GenOutdrAd(2). Gen Ry SIg(h).. Gen Refrac(3).. Gillette Raz(5) . Gimbel Bros. Glidden Co. Glidden pr pt Gold Dust(3) Goodrich(4) Goodyear I’ Goodyr 1stpf (7 Gotham($213). . Gotham n($213) Graham-Paige. . Grhm-Paige cfs. Granby Min(4). Grand Union pf. Grt North pf(5) Grt Nor O(1%). Grt W Sug 2.80 Greene Cana(4). Guantanamo Su. Gu M & N pL(6). Gulf States Stl. Hacknsk W(1%) Havana El Ry.. He ey pfi4).. Houshold(14). . Houston Oil. ... Howe Sound (4). Hud Man(213).. Hudson Mot(5). Hupp Motors(2) Illinois Cen(7). 111 Cen lsd li4). Indep Oii(1).... Indian Mot(1%) Indian Refining. Indian Refg ctfs Ind Ref pf(7)... Inland S(P16% ) Inspiration Cop. InterboroRapTr InterconRubber Internat Agri... Int Ag Chpf (7). Int Bus Ma(5).. Int Cement(4).. Int Com Eng(2). Int Harv(j6)... Int Mtch pf 3.20 Int Mer Marine. Int Mer Mar pf. Int Nickel(2)... Int Paper(240). Int Paper pf(7). intl Salt(5). ... Int Tel & Tel(6) lowa Central. .. 1sland Creek(4). Jewel Tea(4)... Johns-Many (3). Jones Tea...... Jones & Lau(7). Jordan Motor. .. Kan City South. Kels Hayes(2).. Kelvinator Corp Kennecott C(5). Kinney (G R) Kinney pf(8) Kraft(gll%).... Ki Kress (S H)(1). Kroger Gro(cl). Lago Oil.... Lambert Co (16) Lee Tire & Rub. Lehigh P Cmt. . Lehn & Fink(3). Lig & Myrs B 15 Lima Loco(4).. Liq Carb(3.60) Loew's(13)..... Loew's pf(6%) . Loft..... . Loose-W(1.60). Lorillard Co. ... Lorillard pf(7). Louisiana Oi1 LoulsGasA (1.7 Louis & Nash (7) Ludlum Sti(2).. McCall Corp(3) . McKeespt Tin P Mack Truck(8). Mackay pf(4). .. Mad Sq Gn(1%) Magma Cop(3). Mallison & Co. .. Mallison pt(7).. Man El 8up(6).. Man El m2g(d5) Man Shirt(2) Maracaibo Oil. . Mar-Rock (2% ) Marland Oil. Martin Parry Mathieson pf(7 May Dept S(4).. Maytag(13).... Maytag 1st pf(§ Mexican Seab. .. Miami Cop(1).. Mid-Continent. . Middle States. .. Mid States ctfs. Midland pf(f12) Miller Rubber. . Minn & St Louls Minn & St Let. . Minn StP&SSM. Mo Kan & Tex.. Mo K&Tex pt(7) Missour! Pacific Missouri Pac pf. Montgmry W (16 Moon Motor. ... Mother Lotd0c). Motion Pie Corp Motor Meter A Motor Product: Motor Whi(2). Munsingwr(3) Mullins Mfg Murray Corp Nush Motrs(16) Nat Acme (sta). t Bellan Hesn t Biscult(17) Nat Bise pf(7).. Nat Cash R A(3) Nat Enamel & 8 Nat Lead(5). ... Nat Ld pf B(6). Nat Pow&Lt(1) Nat Supply (16). Nat Surety(10) Nat Teatd). .. Nevads C(1%). N Y AirBr(8).. N Y Central(8). Cent (rts) .. C & Btl(6) NH&H) NH&N pf (7 Ont&Westn NY NY NY NY NY o 1928.° Oven High 61 61 365 874% 116 117% 101 101 1 175 132 132 37 3 651 68% 119 12% 35 36% 107% 107% 6% 6 10 T 38 % 132 480 53% 53% 10 110 984% 19 79 3415 12% 80 69 132 480 52% 53 10 110 984% 19 79 115 80 7% 42% Y% T 67% 69% 105 106 13 19 M 10 69% T1% 3% T W 23% 65'% 66 62 63 147% 152% 1% 1% 47T a8y 62 66 75 8 185 192% 126% 126% 54t 54% 364 37% 4% 96% v 5 10245 10 51% 56% 22, 2 100% 100% 88 99% 105% 7 7 103 58 25 13 76 0 132 58 60% 60% 80% 84 57 59% 136 136% 824 82% 24% 24% 46 46 23% 27% 22% 27 174% 184% b4 654 21% 22 0 41 8l 8% 16% 16% 77 7 122 128 66 67% 58 60% 264% 271 100% 104% 5% 5% 36% 38 92% 95% 1% T4 103 108 61 61 168 172 3% 34 51% 51% 106 108 102% 106% 2T% 2T% 120% 120% 10% 10% 48 48 7 2% 19% 20% 32 14% 103 58% 105 97% 31 109% 18% 49 100 93 31 107 18% 49 46 101 3 4T% 48% 26 26% 95 95 13% 14% 33% 34% 145 146 55 68% 69 69% 66% 69% 93% 95% kid 1% 28% 28% 52% 19 B9% 102% 6 9% 5% 48 34% 16% 55% 348 36% 17% 18 126% 126% 80 B0 19 19% 94 26% 20% 28% 94 28% 20 28% % b 8% 3% 202% 204 19% 10% 2% 2% 2% 2% 40% 40% 34k 86% 108% 103% 60% 64% 116% 119% 160 164% K Y 2% 2% 8% B% 16% 16% 94% 94% B4% 36% 62% 6% 4% H6Y BRI 14 14 H24% BY 166% 166% 146% 146% (] 607 % 19 k 48 0% 30% 121 121 120% 120% 4% i ~ 160 1714 6 6% 1mo 131 574 BBY 1% 118% A FINANCIATL Low. Close. Open. 61 61 |NYStateRys.. 24% 365 874% | Norf & Wn(+10) 177% 116 117% | NorAm b10% sth 68% 101 101 |North Am pfi3). 53% 178 NorAm £d pf(7) p North Pae (5).. Nor Pac efsib). Norwalk Tire pf 011 Well Sup. Ofl Well S pt... Omnibus. 3 OppmColiins(f4) Otis Elev(17) Otis Steel...... Pacific Gas(2). . Pacifie Light (3) Pac Ol Stubs. .. Pac Tel & T(7). Packard Mot(3). Pan-Am Petrolm Pan-Amer Pet B Pan-Am Wn B. . Panhandle..... Parmt-Fm(j8). . Park & Til (13). Park Utah(80c). Pathe Ex. . Pathe Ex(A). Patino(2.92). Peerless Motor. Penick & Ford. . Penn Dix Cm Pa Dix Ct pf(7). Penn R R (3%). People’s Gas(8). Pere M prior(5). Phila & RC& 1. Phil Morris(1). . PhillipsPet(1%) Pierce-Arrow. .. Pierce-Arrow pf Pierce Oil . Pierce Petrolm. Pillsbury (1.60). Pitts Coal...... Pitts Coal pf. PittsFtW pf (7). Pitts Term Conl PortoRicoTobA . PortoRicoTobH. Postum(5)..... Pressed StfCar. PrStlCar pr(i). Produ & Refinrs Pub Serv NJ(2). Pub Serv pf(6). Pub S NJ pf(7). Pulkman Co(4). Pure Oil (50¢). . Pure Oil pf(8).. Purity Bak(3).. Radio Corp. Reading Ry(4). Real Silk Hos Real Silk pf(7). Remingin-Rand Reo Mot(11.20). Rep1&8(4). Reynolds Spngs tey Tob A(5 Reynld€TobB(5) Richfield Oil(ql) Rossia Ins(5). .. Royal D(al.343) StL & SanF'(i8). StLSanF pf 2d pd StL&Southwest. Savage Arms. .. Schulte (g3%).. Schulte pf(s). .. Seab Air Line. Seab Air L pf. Seagrave(el.20) Sears-R(n2%).. Seneca Copper. . Shattock FG(2). ShellTrad(ad7c) Shell Un(1.40).. Simmons Co(3). Simms Pete Sinclair Oil. Skelly Oil(2). Snider Packg Co Snider Pkg pf. .. So Por Ric 8(f2) South Calif Ed. . South Dairies B. South Pac($)... South Ry(8).... SouRyM&Ocrs 4 Spicer Mfg..... StdG&E (1%). Std G & E pt(4). Std Gas rights. . Std Milling(5).. Std O Cal(2%).. StdOIINJ(T1%). StdO1INY (1.60). StdSanPro(1.68) Stewart-War(6) Studebaker(5). . Sun Ofl(n1).. Sun Oil pt(6). Superior Of1 Sweets of Al Symington Symington Cl A. Tenn Copper(1). Texas Corpn(3). Texas Gulf Sul(s Texas & Pac(5). Tex Pac C & Ofl. Tex Ld Tr(new) Thateher Mfg. . The Fair(2.40). . Third Avenue. .. Tidewater AsOil Timken(v5). ... Tobac Prod(m). ‘Transcont Oil. .. Transue & W(1) Trico Prod(2%) Twin Clty R(4). Un Bag&Paper. . Union Carb(6).. Un Ol1 Cal(2). .. Union Pac(10).. Un Pacific pf(4) Utd Biscuit 1.60 UtdCgr8t(C80c) Utd Fruit(15%) U 8 Distributing U 8 Aleohol(5). . U S Leather.... U S Leather A.. U S Realty (4).. U S Rubber, u u U S Smpt(3ta). U S Steel(7). U S St Uni Pipe & R(2) Uthl P&L.A(e2). Vanadium(t4).. Vick Chem(4) .. Victor Talkg(4) Va-Car Ch pt(7) Va E1 & P pf(T) Vivaudou Co. | Vulean Detin wabash........ Wabash pf A(5) Waldorf(1%) Ward Cl A(8) Ward Baking B. Warner Plc A. .. Warner-Qu(2).. Warren Bros(4) Washburn pf(7) W Penn El pf(6) W Penn El pf(7) West P Po pf(7) West Dairy B. .. West Maryland, West Union(8). Westhse A B(2) Westinghse(4) . Weston Electric White Bagle(2). White Motors(1, White Rock(2) White Sew Mach Willys-Overland Willys-Ovd pf 7 Wilson & Co.. .. Wilson Co pf A. Wilson & Co pf. Woolworth(6).. Worthn Pump Wright Aero(2) Wrigley(15%).. Yellow Truek, .. Youngatn 8h(5) Hourly Sales on N. Y, Hoam. 274,400 1pm. 890,900 Dividend rates e i 1 rollh el bdog 53 1n ntock 1 i 9 stocl 524 b52% 51 102% 854 103% 601y 116 149% % 2% 8% 16% 2% 8% | 16% 04% 1810 204 139% 70 a8 LU ol 'varly Low Close. 24% 26% 177T% 17T% 68% T0% 53% 53% 101% 96% 94 55 119'% 157 204y 14% 112% 2% “|in the afternoon and carrled forward 44 Market. 12 noon 563,900 2 p.m. 1,206,600 Pkl T sl T i it SILVER QUOTATIONS. NEW YORK, July 3 (#) 30%; Mexican dollars, 48, T 11 L ~~Bar silver, TRENDIS UPWARD N STOCK MARKET Littie Concern Manifested Over High Rate for Call Money—Later Drops. BY GEORGE T. HUGHES. ial Dispatch to The Star. NEW YORK, July 3—Taking its cue s it had at the outset of the week from developments in the money market, the movement of prices on the Stock Ex- change today was definitely upward. It was evident from the start that the 10 per cent call money rate pre- vailing at the close yesterday was only temporary. Funds flowed back to the market today and trade on renewals was established at 8 per cent. This, however, was the highest renewal since | February 9, 1921. No further calling of loans occurred and as the session progressed the rate for new loans was reduced to 7 pec cent and then to 6 per cent, and finally 5 per cent in the last half hour. The upward movement continued in | progress for the first three hours. Then followed a period of dullness, with prices casing off somewhat from their highs. Had it not been for the approaching holiday - suspension of business, the rally might have been more pronounced, but it was impressive nevertheless. Industrials Come Back. In numerous instances prominent in- dustrials were back over more than the ground lost yesterday, while others were up from 1 to 5 points above previous final prices. The motor stocks were led by General Motors. At 1881, it recorded a gain of almost 3 points on the day. Hupp Motors was thought to be in a position to respond to the highly favorable salés figures for the first half year and was bid up almost 2 points. Cerro de Pasco featured its group. the buying based on expectations of favorable dividend action at the meeting scheduled for later in the day. American Smelting & Refining was bid up several | points and special buying made itself felt in Kennecott and Greene Cananea International Nickel, after early weak- ness, rallied above Monday's close of 94 ‘Aside from the motors, stocks which’ were discounting prosperous conditions prevalent in their respective industries were the merchandising and agricul- tural issues. Montgomery Ward and Sears Roebuck had the record June statements in their favor. Gains in each instance extended well over 2 points. International Harvester re- corded a gain of 5 points when it changed hands at 267, and Advance Rumely preferred made up a good part of Monday's decline. Among the oils American Republics. up more than 4 points, Atlantic Re- fining and Richfield gave a good ac- count of themselves. Stocks in Stronger Hands. The action of the market as a whole | indicated that as a result of the recent liquidation stocks were in stronger hands. A number of the so-called pool specialties were bid up rather sharply. This was particularly true of Radio Corporation. At 182 the gain extended 5 points. Victor Talking Machine recorded a gain of some 3 points and Shattuck was in demand again. Rallway shares were led by Texas & Pacific and Missouri Pacific. West- ern Maryland was prominent among the junior issues, crossing 40%: again.| The ‘old line dividend payers were for the most part higher, but without feature. Crucible Steel was one of the note- worthy weak spots, still reflecting re- duction in the dividend announced recently. United States Steel, however, rallled -with the geners' market and| Vanadium was bid up more than n; point. 'Westinghouse Electric was taken up | Spe iecured Joseph 1. Weller - Money to Loan first deed of trus real estate. Prevailing interest and commiss| Wash, L. & Trost WRIGHT, SLADE & CO. Membe: 1dg., 9th & F N,w.l New York Stock Exchange Chicago Board of Trade Stocks and Bonds Bought d Sold for Cash or CARRIED ON MARGIN THE MAYFLOWER HOTEL Connecticut Avenne at De Sales St Telephone Decatur 780 New York Local Stocks and Bonds Bought and Sold Specialists in Unlisted Securities National Securities Company Hibbs Bldg. Frank. 5204 Warrenton. Va. G.M.-P. MURPHY & CO. New York WASHINGTON Richmond MEMBERS New York Stock Exchange Washington Stock Iixchange Richmond Stock IExchange Chicago Stock Exchange New York Curb Market Copy of our “Fortnightly Review” on Request 1508 H Street Connecticut at K Main 9600 Private Wire and Telephone to New York Capital and Surplus, 33.000.. | You’ll Enjoy Every Minute —of your vacation more if your thoughts of business are left behind. {The best way to do that is to appoint Our Trust Dept. your General Agent before you leave town. You'll be surprised how reasonably we'll serve you. Suppose we have a talk about it. SAFE DEPOSIT BOXES at Nominal Annual Rentals National Savings & Trust Co. 62d Oldest Savings Depository in District of Columt some 3 points. The motors held most | of their improvement, as did the mer- | chandising issues. United States Indus- | trial Alcohol was a late favorite, but| there was nothing new to account for | its strength. The volume of bu.\lne&*‘l was only slightly in excess of that of | Monday. Markets at a Glance NEW YORK (#).—Stocks strong: | Texas & Pacific up 13 points to record | high. Bonds dull;. rails inactive. For- eign exchanges -easy; sterling. franc, | lira and yen lower. Cotton lower; bear- | ish boll weevil report. Sugar easy. ropean selling. Coffee lower; disap- pointing Brazilian advices. | CHICAGO.—Wheat steady: (nrcclsl; unfavorable weather. Corn firm: small stocks northwest. Cattle steady. Hogs higher. ! CALL MONEY WEAK. NEW YORK, July 3 (#).—Call| money weak; high, 8. low, 5; ruling | rate, 8; ck bid, 5. time loans firm; mixed collateral, 60-90 days, 53,a6; 4-6 | months, 534a6; prime mercantile paper, 4% a5. Bankers' acceptances unchanged. DIVIDEND BOOSTED. NEW YORK, July 3 (#).—Directors of Cerro de Pasco Copper Corporation today increased the annual dividend rate from $4 to $5 a share with a| quarterly payment of $1.25 a share, payable August 1 to holders of record July 12. The company is regarded as the lowest cost copper producer in the | world. FOREIGN EXCHANGE. (Quotations turnighed by W. B. Hibbs & Co.) Nominai gold Selling checks va'ue (or par). R 71 1.00 London. pound Montreal, dollar o Crown Stocknolm, crown. | NEW YORK, July 3 (#) —Foreign exchanges easy; quotations (in cents): Great Britain—Demand, 487; cables, 487'5; 60-day bills on banks, 483 9-16. France—Demand, 3.92'(; cables, 3.92's, Italy—Demand, 5.25%; cables, 525, Demand-—Belgium, 13.95; Germany, 2385%: Holland, 40.27';; Norway, 26.75; Sweden, 6.8: Denmark, 26.76';: Switzerland, 1274 . Spain, 16.48; Greece, 1.30; Poland, 11.25; Crechoslovakia, 2.96': Jugosiavia, 1.76; Austria, 14.08; Rumania, 42.50; Brasil, 11.97; Tokio, 46.21: Shanghal, 66.00; Montreal, 99.73 7-16. FEDERAL LAND BANK BONDS. Spectal Dispateh to The Star, NEW YORK, July 3. ank 4s N e Bid. Asked. ay 1958 k 43 Nov. 1997-37 ' .. nE $h a1 i‘l e 6 K 4l Jan " A e 3 RSk 0 et 2Ry And MARK 52 May 104iopsi: . REASURY CERTIFICATES. 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