Evening Star Newspaper, July 30, 1928, Page 11

FINANCIAL. Let us have your applications for LOANS ON REAL ESTATE Immediate Action Courteous Treatment Qur record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W. Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and for Construction Use Reasonable Interest and Commission Rates FOR 2d MORTGAGE LOANS on IMPROVED REAL ESTATE Consult The Federal-American Company at 1352 G Street N.W. CAPITAL FUNDS EXCEED $1 000.00 W. T. GALLINER. JOHN POOLE. Chairman. Py resident. OME 00D GAINS ON BOND MARKET ||| High-Grade List Soft, How- || ever—Less Pressure Is in Evidence. | BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, July 30.—With no ad- | vance in money rates today, in spite ! of the larger month-end requirements, there was slightly less pressure on the { bond market and in speculative issues | there were a number of good gains. The high-grade list, however, was soft. New low prices for the year were reached in Union Pacific and Northern Pacific 4s. Atchison and Baltimore & | Ohio 4s about duplicated their previous !lows. Relative to the decline that oc- curred last week there was little im- provement in U. S. Government issues. Better Utilities Steady. The better grades of public utilities | were quoted at approximately the prices at_which they closed on Saturday. The most active and strongest of the industrials were the Dodge 6s, which | advanced about 2 points on intima- | {tions that the Chrysler-Dodge merger | iwuuld go through. Andes Copper 7s | were up a point, but Anaconda Copper | 7s were off about as much. For the | first time in their history North Amer- ican Cement 6'2s went under 80. Wal- | worth 6s broke 2 points and then ral- |lied. Cuban Cane Sugar, 85 sagged 4 | | points to about 79 | Movements in the junior rail lis | were small and irregular. The St. Paul | adjustments advanced !> and then met profit-taking. Frisco 4lis were frac- | tionally better, as were Southern Rail- way 4s. The Seaboard issues lagged behind the market. . Consult Us First If you need money for vour Real Estate financing et us have your application today. Prompt Service No Appraisal Fee The Commercial National Commercial Bank Blds. 141 G | Evidence of Liquidation. | There has recently been some evi. | { dence of liquidation in a number of the | |lower grades of foreign bonds which | | has brought them down to the lowest i grlce of the year. Quite heavy selling | | has occurred in the Colombia Mortgage iBank 7Ts and in other South and Cen- tral American issues that were brought | out late last year and this Spring. | There is also a poor market for some of | the smaller Central European govern- { ment and corporation bonds. | Today's market for foreign issues was | {quiet. There was scarcely an issue in | which a change of as much as half a | point occurred. The week produced nothing in the way of new financing. The month is closing with a record for the smallest volume of new offerings in several FIRST MORTGAGE MONEY Your mortgage loan neceds are best served when you can com- mand adequate financ- ing in quickest time and lowest cost. That’s why we advise you to-see us first. Low Interest Rates and Commission B. F. SAUL CO. Main 2100—— ——925 15th St. / REAL ESTATE LOANS 5% & 5%% Homes, Apartments and Business Properties In District of Columbia 3-5-10-Year Terms Prompt Replies Randall H. Hagner & Co. (Incorporated) Decatur 3600 1321 Connecticut Avenue Mortgage Loan Correspondent New York Life Insurance Co. On Centrally Located Business Property 5% Interest Consult WEAVER BRO REALTORS ‘. 809 15th Street N.W. Main 9486 We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street years. Washington Stbck Exchange SALES. Washington Gas Light—10 at 977%. Nationa! Bank—4 at 526, 10 at 524%, 10 at 525. Estate Title Co.—6 at 210. AFTER CALL. Potomac Electric 6% pfd.—5 at 111. ‘Washington Gas 6s “A"—$200 »t 10234 $300 at 1023, Chevy Chase Club 5155—$1,000 at 101%5. Poltan:llco’rlefl.flc 52% ptd.—7 at 107, a z Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. % . Amer_ Tel, & Telge. 4 Telga. el R_R. S8 Anacostia & Ana. Amer. Tel Pheotnut’ Faems Dairs 6 s ommn Bairs 64 Ficvs Chase. Club. 518 THE EVENING STAR, WASHINGTON, D. C. MONDAY, JULY 30, 1928. [ vou_ BONDS o sscma] | BSINESS 1S SLEW STOCK PRICE INDEX Received by Private Wire Direct %o The Star Offics’ UNITED STATES. Sales. High. Low. 9929 9927 Lib 3s. Lib 1st4%s Lib 3d 438, Lib 4th 4%s US3%s43. U S 48 1944, US 4453, 411156 100 100 100 98 7 26 20 Close 1065 1065 m FOREIGN. Argentine 6s Ju 69. Argentine 6s Octs9 Argentine 6s A. Argentine 6s B.... Australta 438 56. . Australia 63 19 Australia 5s 195 Bank o{Chile 6%s. Belglum gium 6 Belgium 7s 195 Belgium 7s 1956 glum T%s Belgium 8s Canada 5s 19 Canada és 1 Chile 85 1941 . Chinese Gov Ry 5s. Columbia 6s 1361. . Con Pow Japan 7s, Copenhagen 41 '53 Cuba 533 Czecho 8s 1 Denmark 6s. D E151%s Nov Dutch East I 6s Finland 5 Finland 7s. Framerican 7%s French 7s French 7%s. | German 7s. Greek 7s. Haiti 6s Irish Free State bs italy 7s.. Italian Pub'S Japanese 4s Japanese 6% Milan 63 Montevid Netherlands 6s 5 Netheriands 6s 72. New So Wales 57s. New So Wales 58s. Nord 6%s... Norway 5s 1963. Norway 5%s. Norway 6s 1943, | Norway 6s 1944 Norway 6%s 195 Orlent Dev deb 6s. Paris-Ly-Med 6s. . Paris-Ly-Med 7s.. Paris-Orleans 7s Peru 6367 wi. u 7 Peru Tigs. P 45 1956 Poland 6s 40. Poland 7s (rcts) Poland 8s. Queensland Riode Janeiro 6% s Rio de Jan 8s 1946, Rome6is........ Sao Paulo 8s 1936. . Sao Paulo 1950 Saxon (PW) 7s. Seme 7s 42. . Serbs Crot Slo 8s. Tokio 6%s 1961. .. Utd Kingm 5%s 29. UtdKingdm 5%s 37 Utd Steam Copen 68 Uruguay 8s Yokohama 6s wi.. 1008 5 109 - o =t P L T L T Ty 18 101% 100% 105% 102 1001 1051 107 1156% 1061 9T 100% 1 100t 105 1033 103 908, 100% 104% 1045 831y 88t 100% 113% 95% 106% 92% 106 107 100% 4 105% 9% MISCELLANEOUS. Ajax Rubber AmAgriChem 743, Am Smlt & R 18t 68 Am Smelt & R 6s.. Am Sugar Ref 6s.. AmT& Teltr4 AmT& Teltr AmT&Tsfbs... Am Tel & Tel 6%s. Am Water Wks fs. Am Writ Paper 6s. Anaconda 1st 6s. .. Anaconda cv db 7s. Andes Copper 7s Armour&Co 4 %839 Armour Del 5%s. Barnsdall 63 1940, Bell Tel Pa 53 B Wash. Cons. Tl 6 ash. Cons. Title 6s. . Wardman Park Hotel | American Tel. & Telga Amer. Tel. & Telga. rts. Canital” Traction. s Washington _Gas.. "' 00000 | Norfolk & wash. Steamhoat... Potomac Fiectric 6% ofd...." . . lg'l”' & com. 0 4 Wash. Rwy. & Elec. pfd A " NATIONAL BANK Capital. i 105, 477 National lumbia Mechanics’. Parmers & ‘ederal-American 245 dberty . 470 st 25" Becond o . . National Bank of Wash TRUST COMPANY \\ | American Security & Trust Co. | Continental Trust... wore 1% | Merchants Bank. it | National Savings & Trust Union Trust.. ... | Washington Loan & Trust ! BAVINGS BANK. | Bank of Bethesda i Commerce & Bavings.. €ast Washington . ! Potom. otomac Security Bavings & Com Beventh Street. A United Btates... ... Washington Mecharics FIRE INSURANCE A American Corcoran Sheh Firemen's % National Union....\.!1] | TITLE INSURANCE. | Cotumpia Title | Real Estate Title | Title & Tnv. Co of Md ‘com. | Wash." Cons. Title fd MISCELLANEOUS. ver & Ross, Inc.. co vy Chase Dairy pfd Chestnut Parms Dalry com Chestnut Parms Dairy pfd Commereial Navl Co old i pergMiz, pla i itles ntd vel pid | | Bart | Che | Federsl-Americun_pld Lanston Monotype Merchants' Trans & Btorsge Merch. Trans & Stor. vid..... Mergenthaler Linotype Natl. Mtee. & Inv. pfd Peoples Drug Blores ptd Security - Btorae | Banitary Grocery Co ptd ! Ret & Whrs Corp. Convention Hall pid w Mech com. Wast Medical Bidg Cordh Woodward & Lothrop pfd “Ex-dividend GERMAN BONDS AND STOCKS. | Spectal Dispatch o The Btar NEW YORK, July 30. Loan with draw 100 R M a draw per 1,000 1L M | (Quoted in doliars ver millio Hambure 4V 1919 (Qioted 10 dollars per ‘thousand Ger Gen Klect 48 pre-war... 22 Ger Gen Elece 47,4 1910 2 eriin 4x pre.war Hambure 35, 38 & 48 pre-w Humbure American Line 4 North German Lioyd 4%s 1921 Asked, 60.00 42.00 5.) 5,00 marks.) 00 25.00 Bld 56.00 0.00 1 mark 25,00 Toan without pre-war 45 pre-war Wi Wik | Darmstaedter Bell Tel Bklyn Edison §s... Certain-Td5 Y%srots Chle Copper b Col Gas&E) deb Cen Coal Md 1st Con Gas N ¥ 5% Cuba Can Cuban Am Sug Detroit Edison 5540 Detroit kdison Dodge 6s Duquesne 4% 67. Liast Cuba Sug 7% Gen Asphalt 6s 36 Gen Mot Ac Cor 63 Goodrich 6%s. Goodyear bs rets. , Hoe & Co 6% intl Match 68 47... Int Paper 68 47.... Int Tel&Teleg 4%s J Kayser & Co 5%s Kan G & I 6 52 Laclede G 5%48 62. . Liggett & Myers 7s ManatiSug st 7%s. Mor's&Co 18t 4148 N Y Edison 68 44 N Y Edison 6% NYGELH&P N ¥ Tel 4 %8 N Y Tel6sdl. N ¥ Tel 63 45, North Am Edis bs, Nor States Pow 68, Pactfic Gas & K16 PucT & T 6862... Pan-Amer Pete 65, Pan-Amer Pete 75, Paramount 68 1947 Pathe IBxchange 7s People's Gas 6a, Phila Co bs 67 w 1. Philips Petro 6%s. Postal Tel & C 5% Public Service 4 s Punta Alegre 18 Sinclair Ol 63 Sinclalr U1l 6% 8 Sinclatr O1l 78 Sinclair Crude 6% s Bin Pipe Line bs. . Southwest Bell b5, 1 Stand OIl N J 68 46 140 TennElecPow s 47 United Drug bs 63. U 8 Rub 18t rf b U B Rub TY%s U 8 Steel s t 5 Utah Pow & Lt 6s. West Elec s, Westn Union s 61, Westn Unlon 6'%s Westinghouse bs. , Willys-Ov 648 33, Wilson & Co Lst 6s. WinRepeatAr 745 Yngstn S&T bs w ) 8 1 27 107% 90% 91 100% 101% 104 96% 9614 97% 9814 934 114 106 104 120% 102% 991, 103Y, 99%, 861y 104 115 1064 994, 103 10244 A 1044 1058 101 108% 104 987 104 103% 106 99 B6Y% 107% 100 101% 103 113 106 104 120 102% 2% 99% B6 104 114% 10614 9915 1061y 10444 99 T0% 10874 08 I 102% 106% 954 861, 100% v 106 RAILROAD. Atchison gen 4s. .. Atlantie C L ol 4% Atlantie C L 15t 4s. B &OGold 4s.. B&OCY %S, B&Orefbn. ... 1 & O ba 2000 D 1 & O Lt buct. 13.00 0 16.00 1.00 den Chem B&Orfimp 6 B & OSW b8 b Bang & Aroos 48 b1 10015 1044, 1087 1018 Bl 1019 102 101% 108% 104 1 1 107 0974 1 91% i 978 1001 100%, 1041 108 10114 B3t 15 1001 105 107% 108 114t 110 105 960 100t 109 101% L06% 97 1001 101% 107 947 9dte | 100% 96 100% 102% 101% 1029 99 994 104 103 90% 101 10414 104% 831% 881y 100% 113% 1047 108 101% 108% 104 107 102 102 104%: 104 92 94% 105% 103% 10714 95 9% 101 107% 1013 107 90% 91 100 101% 10. 113 106 104 1204 102% 9% 102% 99% 86% 104 115 1064 9915 10615 1101 9915 04 9% 018 01 074 1004 10044 1044, 108% 101% 8% Sales, High, Low. Close. Brdway & Tth Avbs 1 721 172% 172'% Brooklyn Elec 6%8 1 95% 95% 95% Bklyn Manhat 6s. 98% 98t 98% Can Nat 4%s 57, 981 981 98% Canad North 7s. 112% 112% Canad Pac deb 4., 86 87 Can Pac 4%s 46. 96% 97 Car Clinch & O 6s.. 104 104 Cent Pac 1st bs 9 101 101 Chesa Corp 6s w 1.. Ches & Oov 4ls 2 Chi B&Q gen 45 53. CB&Q4%sTTB.. Chi B & Q 1st rf b8, Chi&E U1 gn 6s 61. Chi Gt West 4s59,. 1 CM&StPgnsgy,. 12 CM&StP ret 41589 16 ChiMilSP&Pa P&Pacad) ChiINW 4%s 99% 93 CRI1Pac4t%swi. Chi Un Sta 434s. | Chi & W Ind cn 4s C& W 15%s Clev Term b . Cuba Nor 513 cts. Den & Rio G cn 4s. Den&RioG 435 36, D R0 G West 6s. .. Erie 15t cons 4s B1% 81 94% 100% 8 106'% 106% 106% 106% 1125 113 Srie conv 4s A Srie conv 4s B. frie cvt 55 67 w 1 Srie (Pa) elt tr 4 Fla BEast C 58 74. Gr Trunk stdb Great North 5%s. Great Nor gen 7s. . Green B & W deb B Hav El Ry bs 864 10614 107 113% 991 963 111 Cent 4% s 111 Cent Chi 4 11-C-C- & int Rapid Tran Int Ry C A 6'%sret Towa Cent 15t 5. .. Kansas City §5s.. i Kan City Term 4s. Lake Shore 4s 31... Lehigh Val cn ¢s.. Louis&Nash unf 43 Louls & Nash 7s. .. Man Ry 1st 90 M MK&TIist4 {MK&TprindsA. | Mo Pacific gen 4s | Mo Pac 58 A 65.... Mo Pac 58 F 77.... INOT&MS5%s.... N ¥ Cen gen 5% N Y Cent deb 4s. 1005 991 New Haven 45 55.. NY NH&H clt 6s. . NY NH&H cv db 6s NYOnt W N Y Rys 6s N Y State Ry 4%s NYStateRy 61 62 Nor Pac 38 2047... Northern Pacific 45 Nor Pac 4158 2047. Northern Pacr i 6s Ore Short L rfs 4s. Pennsy! gen 44;s, Pennsy! gen Pennsyl 65 64 | Pennsyl 643 Pennsyi gold Pere Mar Ist 48 5 Port RL & P bs 42, ading gen 4%s. . Reading J C4s51.. St L IM&S 104% 1131 100 1057 10014 941 88U 9915 101% 884 101% 9518 StL&'S Finc6s... StL S W con 4s 32. St P Un Dep o8 eaboard A L 4 Seab A L ref 48 SeabAL adj 5 Seab A L con 6s. . SB Al Fla 6335 A. Sou Pac 4s 29 Sou Pacclt 4s. Sou Pacific ref 4s. . Sou Ry gen 4s..... Sou Ry Con bs..... Sou Ry 65 56 Sou Ry 61%s. . | Term AssoS L4s.. Tex & Pac bs B 197 Third Ave ref 45 60 Third Ave ad) bs. . Tol Tr L&P 5% 30 Union Pac st 4s. Union Pac 1st rf 48 Union Pacific 45 68, Un Pac 4%s 67. UnionPaclst re Virginia Ry Ast & VARY&P68.000e. 2 Whash 473878 rets 31 Wabash 15t6s .. Wabash 68 76 1. West Maryland 4s. Western Md 5%s. Western Pacific bs. West Shore 45 2361 16 9 : 101 683 637y o914 931y 204 87 967 108% 1047% 99% 90 102% 98 81 967 11084 104% 9%, 905 95 87 89 PEERLESS HAS LOSS. NEW_YORK, July 30 (#).—Peerless Motor Car Co. had net loss of $597,528 for the first half of 1028, in contrast to net income of $78,508, or 30 cents a share, in the first half of 1927. Second quarter net loss of $403,004 compared with net income of $247,306, or 96 cents a share, in the second quixter last year. HEADS FINANCE BODY. NEW YORK, July 30 (#).—Rudolph B. Florshem, vice president of thg Ma- | rine Trust Co., Buffalo, has been elected chairman of the executive commitiee of National Radiator Corporation | Gramt Plerce, now in charge of the New England territory of American Radiator Co., was elected president of National Radiator. ! MISSOURI PACiFIC, | NEW YORK, July 30 (#).—Nect oper- ating incame of the Missouri Pacific for June moved up to $1,318,426, from $684,945 In June, last year. Gross re enues were $9,796,841,'a gain of $128,- 923. Net for the half year was $8,602, 556, against $5,871,607 in the first half of 1927, POTATO MARKET FIRM. CHICAGO, July 30 (#).—Potatoes recelpts, 165 cars, on track, United States shipments, Saturda Sunday, 16 cars; trading falr, fim; Kansas, Missourl sacked Ir cobblers, 75u95; few fancy Kanse Virginia barrel Irish cobblers, 2.50; mostly 2.35a2.50. Commodity News FORT WORTH, July 30 (Special) Road and buflding construction in the Bouthwest have stimulated cement pro- duction, As a_reswlt Texas mills are showing a healthy gain in output as compared with last year, The increase s0 far has been about 17 per cent and stocks on hand show a steady decline, BOBTON.—A little Texas wool has been sold here but not enough Lo estab- lish a firm market, A falr quotation of 12-months wool is $1.15 to §1.18 clean, with $1.06 to $1.08 mentloned for 8- months clips. Northern California wool | 15 beginning to move at §1.06 clean for good northern BENTON IARBOR, Mich,—Crape growers affiliated with the Michigan Frult Growers, Inc, are preparing (o ask the Interstate Commierce Commis ston for a 26 rur cent, reduction on rates on grapes thipped from this section to the East. ‘This would result in a save ing to growers of $260,000 annually, s | shoulders, 19; bacon, 24a26: lard, 14. ‘| standards 36s and 45s and 27, 2| No INLOCAL MARKET Beef Continues High—Light Buying of Ample Stocks Prevails. Usual Midsummer conditions pre- vailed in the local wholesale market today, business being slow, with receipts | more than ample to supply demands. {1t is a condition that is expected at this season, however, and merchants make every effort to prevent overstock- ing. %/lcar. dealers are experiencing no difficulty to prevent overstocking, ac- cording to reports, meats not being plentful and most of them being high priced. Beef prices continue high, and further advance in prices of pork | and pork products was reported Smoked ham prices advanced to 28 and 29 cents, shoulders to 19 and bacon to 24 and 26 cents. Lard was quoted at 14 cents this morning. Fresh-killed pork loins this morning were quoted at 33 and 34 cents, several cents higher than the Western stock. Fresh hams were 25 and fresh shoulders 19 cents pound. Poultry, butter and egg prices con- tinue about the same as reported sev- eral days ago. Dealers reported con- tinued plentiful supplies of water- melons, cantaloupes and vegetables, tomatoes being exceptionally plentiful and cheap. Today's Wholesale Prices. Butter—One-pound prints, tub, 45a46; store packed, 28 Eggs—Fresh, selected, 3la: nery, 32a33; current receipts Poultry, alive—Turkeys, 25; 25; 23; Leghorns, 46a47; s, 28a30; Toosters, 16; keats, young, 75: old, 30. Dressed —Turkeys, 30; Spring broilers, large, 40a42; medium, 37a38: small, 36a37; Leghorns, 37; fowls, large, 26a27; small, 95 capons, large, 44ad5; small, 30a35; ducks, 20a35; keats, 1.00a1.10. Moats, fresh killed—Beef, 22a24: veal, 18a24; lamb, 26a30; pork loins, 33a34; fresh hams, 25; fresh shoulders, 19: smoked hams, 28220, smoked 13%; Live stock—Calves, Spring lambs, 13a13%2. Fruit and Vegetable Review. Today's market report on fruit and vegetables compiled by the Market News Service, Bureau of Agricultural Economics, Cantaloupes—Supplies heavy; de- mand moderate, market weak; Ari- zona, salmon tints, jumbos 36s and 45 and standards 45s, ordinary quality, 1.25 al.50; flats all sizes 50a75; North Caro- ina, Ridgeway section salmon tints, , good quality and condition, 1.75a2.00; small | irregular size some ripe, soft, 1.12%:a 11.50: miscellaneous melons, supplies liberal; demand light, market slightly | weaker; California, standard and jumbo | crates honey dews, 6s, 8s, 9s, 1.50 | 22.00, honew balls best jumbos 36s and 45s, 3.50, standards 36s and 45s, 2.75, ponys 36s and 45s, 2.25, flat all sizes, 5al1.35; some ripe soft jumbos, 36 and 45s, 2.50a3.00; standards 45s, 2.00 a2.50; flat, all sizes, 75a1.00. Lettuce—Supplies of Western stock limited; demand moderate, market steady; California, crates, iceberg type, 4.0025.00 dozen, mostly around 5.50; supplies of Eastern stock moderate; de- | mand light, market about steady; New | York, 2-dozen crates big Boston type, | 1.5082.00; some poor condition low asl 1.00. Onion Market Dull. i | Onions—Suppites light; demand light, | | market dull; too few sales reported to quote. Peaches—Supplies liberal; demand | light, market weak; Georgla, 6s, El- | bertas, U. S. No. 1, medium to large No. 1 and U. S. | size, 1.5081.75; U. S. .2, 'small to medium size, 1.2501.50; bushel baskets Elbertas, U. 8. No. 1,i | medium to large size, 1.75a2.00; North Carolina, bushel baskets Belles, U. S. No. 1, medium size, 1.50a1.75; bushel baskets Hileys, U. S. No. 1, ‘medium size, mostly 1.50; 6s Hileys. U. 8. No. 1, medium size, 1.252150; mostly 1.25: | small size, 85a1.25; mostly around 1.00. | Potatoes—Supplies moderate; demand slow, market firm; East Shore of Vir-| ginia and East Shore of Maryland, | cloth-top stave barrels Cobblers, U. S. | No. 1, branded, 1.60a1.75. { Melons Are Steady. | Watermelons—Supplies _liberal; de- | 34-pound | ; 32- Carolina, 4 tlers, Excells, average, slightly decayed, 200.0( pound average, 200.00; 28-pound aver- | age, 4 tiers Tom Watsons, 225.00; pound average, 200.00; 22-pound age, 150.00. String beans—Homegrowns supplying the market. Lima beans—S8Supplies modera mand moderate, market firm Carolina, bushel hampers, 2.00a2.25. Apples—Supplies light; demand slow, | market steady; sales from storage, Vir- | ginia bushel baskets Transparents, U. S. No. 1, medium size, 1.10a1.25. | | de- | | PRODUCE EXCHANGE. | NEW YORK, July 30 (®).—Flour | steady; Spring patents, 6.75a7.05; soft | Winter straights, 6.30a6.70; hard Win- | ter straights, Rye, firm; No. {2 Western, 1.14%, fob, New York, and 1123 cif. export. Pork firm: mess, 33.50; family, 34.50. Laro, steady; | Middle West, 1270a12.80. = Tallow quiet; special loose, 8; extra, 8Y%4. . CONFERENCE DEFERRED. NEW YORK, July 30 (#).—A con- erence of ofl company executives, scheduled to be held here today to make preliminary plans for curtafling the overproducts of petroleum, has been postponed without definite date. Mid-continent producers sponsoring the plan hope to bring the executives together later in the year, when vaca- tions are ended and some differences of opinion have been settled WOOL QUOTATIONS. BOSTON; July 30 (Special) —An in- eased movement in territory Wwools was reported in the raw wool market today, with half blood in the lead. Finer grades of fleeces continue falrly active, but medium qualities are quiet and unsettled in price. Ohio half blood 1s moving readily at 50, Fine territor combing was quoted at 1.15 to 118 French combing. -1.08 to 1.12; half blood, 1.10 to 1.12; three-eighth blood, 1.05 fo 1.10, and quarter blood, 1.00 to 1.03. Ohlo grade fleece ranged from 48 to 55 PRICES ON PARIS BOURSE. PARIS, July 30 (#)--Trading was quiet on the Bourse today. Three per Nt rentes, 66 francs 60 centimes. Five per cent loan, 93 francs 10 cen- times. Exchange on London, 124 francs 8 centimes. The dollar was quoted at 26 francs 54'y centimes, DRY GOODS STEADY. NEW YORK, July 30 (Special) —The week end hollday did not serve to put activity into the gray goods market and standard print cloths were un- changed at 7%, for 64x60s and 9'§ for 68x72s, Raw silk was fairly active, but quotations were unchanged, with grand XX at 650, crack XX at 6.05 and XX At 6.00 OWENS BOTTLE PROFIT, NEW YORI, July 30 (4).—Net profit of Owens Bottle Co. for the half year declined to $2,177,004 from $2,79%,028 A year ago, " | daily trading value of little more than half the week before was the largest |\ mand moderate, market steady; South | AGAIN SCORES GAIN = Gentle Upward Trend in Most Groups Recorded—Stores Big Leaders. Special Dispatch to The Star. NEW HAVEN, July 30.—Price irregu- larity, reflecting nevertheless a’ gentle upward trend in most groups, featured last week’s New York Stock Exchange transactions. The preferred and oils were the only groups to register lower price levels than the week before, where- as the other groups, expect rails, whose index was steady, all showed some gain. Stores, mainly under the impetus of Macy, Montgomery Ward and McCrory price jumps, netted the largest group gain of the week, 3 3-10 index points. The 5teel group was the next largest gainer, registering slightly more than a 2-point advance via price boosts in Sloss_Sheffield, Colorado Fuel & Iron and U. S. Steel. Weakness in Standard Oil of New York, Lago Oil and Asso- ciated Ofl, accounted for the oils, reces- sion. The first grade industrials pegged up an index point while the second-grade isues registered a 2',-point price rise. Third-grade industrials, the more spec- ulative ones, tallied slightly lower quo- tations than the previous week. Survey of Movements. A compact survey of Stock Exchange movements is given below by indexes and per cent of return: Stocks Stocks Rate of Week ended— hel return. uly 27..... : June average.... May average. a January average. 1927 average..... 1926 averag: High ~(26,'27,28) Low ('26, Salaasianae 50% } 1 6.5 8) (July'3e) (ADI'26) (ADr'26) (ADr'28) Increased activity on the New York | Stock Exchange last week resulted in | eight groups showing a trading gain | over the week before as against three which tallied a jurnover decline. i The motors up with an average group loser, followed by the ofls and | stores. Chief trading jumps were netted | by foods, steels, utilities, auto acces- sories and miscellaneous. FINANCIAL. an_average daily trading value of $127,400,000. Considerably decreased activity in General Motors, Nash and Chrysler ushed down motors trading while At- antic Refining, Richfield Oil, and In- trading recessions ac- counted for lessened oils turnover, Kroger Grocery, Pillsbury and Naf Dairy Products activity gains boosted the foods trading. value of trading ‘The average daily in common industrial stocks for the preceding week was $112,000,000 and for the corresponding week a year agq was u% 600,000. iheh s oo ks e average daily value of in all stocks (preferred and common stocks combined) was $124,400,000 for the week ended July 20. (Copyright. 1928.5 BEACON OIL PROFITS. NEW YORK, July 30 (#).-Beacon Oil Co. had profit of $550,387, before Federal taxes, in the second quarter, against net loss of $408,920 in the first uarter, making profit of $141467 for the half year, against profit of $240,028 in the first half of 1927. JEWEL TEA SALES RISE. NEW YORK, July 30 (#).—Sales of Jewel Tea Co. for the first 28 weeks this year rose to $8,383,757, from $7.718,244 in the corresponding period of 1927. HOCKING VALLEY. NEW YORK, July 30 (4).—The Hock- ing Valley Rallway earned $12.37 a share in the half year, against $17.37 a share in the first half of 1927. JOHN JOY EDSON, President Organized 1879 Assets ..........$5449,244.49 Qi SAVE Lay your plans now for financial in- dependence by open- ing an account in the Equitable. Start now, today. 915 F Trade Value Gains. Activity in common industrial shares | gained o an average daily trading value | of $112,800,000 while all issues chang- ! ing hands likewise increased to tally COMPENSATION INSURANCE M. Le Roy Goff ALL BRANCHFS TRANSACTED, 613 Woodward Bidg. Main 340 Mortgages Investments JAMES Y. PENNEBAKER Main 5328 1520 K 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 Buck & Company Stocks Bonds Grain Cotton Write or call for weekly market tetter. No obligations BUCK AND COMPANY Evans Bldg. 1420 New York Ave. Franklin 7300 WHEN YOU WANT A REAL ESTATE LOAN ON YOUR PROPERTY Consult The Federal-American Company at 1352 G Street N.W. CAPITAL FUNDS EXCEED $1.250.000.00 W. T. GALLIHER. JOHN POOLE. Chairman. President. hort Term Notes To Yield 6% l,‘()R banks and other conserva- tive investors requiring a high-grade, short-term security, we now have available first mort- gage notes, secured by completed Washington propertics maturing in one to three years. They yield 6%, and bear this lorporation’s direct and une- quivocal guarantee of principal and inte: Doscriptions of these notes, und 24.page booklet about Guaranty Securities mailed upon request. REALESTATE MORTGAGE & GUARANTY CORPORATION Capital Resources § 3,400,000 26 JACKSON PLACE S First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. MONEY TO LOAN At 5, and 6% Interest Before Placing or Renewing Your 1st or 2d Trust Consult WELCH, Realtor Loan S; 15th and N. Y. Ave. Maln 4346 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 Main 1403 26 Jackson Place Equitable Co-Operative Building Ass’n. WALTER S. PRATT, Jr., Secretary 48th YEAR COMPLETED Surplus & Profits. . ...$1,578,070.05 Subscriptions for the 95th Issue of Stock Being Received In the Equitable Systematically No matter what you are saving for—a home, your children’s education — you'll find the Equitable’s tematic plan a helj accumulate hand to money. Street The Hibernating Bear / 1 north winter in the air, 7 HEN the hibernating bear of the Arctic Circle and parts sniffs the scent of he finds himself a nice, quiet cave where he won't be dis- turbed by the howling winds and driv- ing snows. There for months. he goes to sleep— During the summer and early fall our hibernating bear-friend has been bank- ing his savings—he has a thick layer of life-sustaining fat under his shaggy hide. Now when killings are scarce he lives on-the fruits of his past labors. Many forethoughted human beings draw an analogy from our friend Ursus and store up the fruits of their labors in the summer of their earnings so that they will have protection against the howling winds and snows of ad- versity. And they invest their savings in some- thing more productive than bear-fat— sound First Mortgage through Swartzell, Company Notes offered Rheem & Hensey Not one investor in these thoroughly dependable securities has ever suffered loss The present yield one—6%. in fifty-nine years. is an attractive Swartzell.Rheem & flarsqrccq Morigage Ba T27-151h. Street, 59 Years Without Loss to Capital & Surplus, $3.000.000.00 nkers W.. WashinglonDC. An Investor Overcoming the Urge To Spend =s1bo o K Safe Deposit Boxes at Nominal Annual Rentals WOODBURY BLAIR. FRANK W. STONE, nd V. Pres, FRANK STETSON, CHAS. ©. LAMBORN. Treasu E. PERCIVAL WILSON. Seoretary. kY W, Ifil‘ ".“:4 b Ay Open Until 5:30 P.M. July 31st, Paid on Large Aug. Ist and 2nd *nd Small Heedlessly fThe temptation to buy thoughtlessly is ever pres- ent when you have cash in pocket. But youll think twice before drawing upon a bank balance. fThat's why everyone should possess a bank ac- count — why you should make it an inflexible rule to go right to the bank Every Payday. fThis old, interest-paying bank serves over 50,000 payday depositors and others—and invites you to become a customer NOW. Same Rate of Interest Accounts DIRECTORS: National Savings & Trust Co. 62nd Cor. 15th and New York Ave. Year Oldest Savings Institution in the District of Columbia