Evening Star Newspaper, August 7, 1928, Page 10

10 ™ FINANCIAL, ‘ UGUST 7, 1928, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. o o ot | TRADING S LIVELY Tyler & Rutherford ': ': . ) ow. Close. Open High Low. Close. Representing Mutual Benefit Life tns. Co UN n EX HANGE Sales Low. Close. Onen. High, Low. C T 5) 275 276 271 27 7 Abitib! Power(4 481 49 [ Dome Mines(1). +|N Y & Harlm(5) 275 275 2 1 1520 K Street Main 475 « U (e BEL8). 50 R87% | Drug Ince4).. .. g NYNHG&H(1) 5% 56% 57% “We close at 4:30 o.m. antil Sept. 4th” 1145 114% 2615 26'% Rla 8l 38 39 177% 178 0% T1% N Y NH&H pf(7 114% N Y Ont&Westn 26% N ¥ Railways pf 8l Norfolk South.. 38 Norf & Wn(t10) 177% NorAm b10% stk 71 North Am pf(3) 53% NorAm Ed pf(7) 102 North Pag (5).. 95% Nor Pacefs(5).. 9514 Northwn Tel(3). 54 Dunhill Int(4).. Dupont(113.50) stman(f8) stman pf . 13aton Axle(2).. ilec Auto L(4). Electric Boat. .. 28 | BlecPow& Lit(1) 1801 | 31ec Stor Bat(5) 128 | pm Brantzm(A) Abrahm&Strans 95 Mergenthaler Linotype Takes i am'shos: Air Reductn(2)., 674 mt Lead—Other Issues Ap- A nubber... s S pear at Session Today. WHEN YOU HAVE MONEY TO INVEST in FIRST MORTGAGES i ; 180 nsult - Allis-Chalm 127 | ind-d B, i+ X m 3 = Y EDWARD C. STONE oald 114 iingincers bun S et Rae The Federal-American e " o 5 ). Blte 310 | pauitableTr(12) Oil Well Supply. 22% In a lively Midsummer market Mo icut Chim 195 19% | 13rie R Revssons OB L 1 Company genthaler Linotype took the -Tead on |Am AgriCh pf.. i 71 | Brie 1st pf Omnibus pe(s). the Washington Stock Exchange today, | Am Bank N¢ 121% 119 119 | riesa nte, Srtmiaimpteti Otis Elev(17) Otis Steel iflc Coast, 470 shares changing hands during the | Am Beet § { session. The stock | opened at 1003 [ at 1352 G Street N.W. CAPITAL FUNDS EXCEED $1.250,000.00 19% ;j(l\‘u Exchange(1% 42 321 | Falrbanks(s)... 101 40% | FalrbankMpf(7) £ |and closed at 1007 0 FedLight(h1.40) Coast 2d pf pOOLE. | | Sales included the own Bov. 13 13 131 | FedLight ! st 2d pf. W . o B e or o Sa ot b 51 Fod MotT(f80c) Pacinic Gas(2). . w : i o ) Sen O3 841 | Fidelity-Phoenx Pacific Light (3) 100 - share N GaRLI) ere R ar ior hae | vk ) Pac Ol Stubs... 1% % and one AmCaraFdy(8). 91 a1 a1 a1 | Fisk Rubber Packard Mo(i4). T84 76 M — { block b L hhw a0 an o SINIRC TR Pan-Amer Pet B 41 are . Lioh LN AN U cermmimnd) n-Am Wn B.. 174% 17 A AmChic pr pfT) 110% 110% 110% 11ty | Freeport (16%). e | Parmt-Fm(j b 13 Am Drug(80e).. 11 11% 11% 11| Gabriel Snub A, Park & Til (13). s iaplication Am Encau(2.40) 66 66 66 66 |Gardner Motor. . ¢ your applications D . 3 . Let us have your apy the Doat sk Am Bxpress(6). 191 190 190 | Gen Am Tnk4) :,::: ”,.'.‘:‘”s”c" Yot 96, a decline In | Am & For Pow 3304 334 | Gen Asphalt.... R et REAL 96. a decline from i iy i Pathe Ex(4) LOA e Gapis Am&ForP pf(7) 108 1081 | Gen Asph pf(5). Putihaiat tal xhoved | Am&For Pr 2d 7 x 92 92 |Gen Bakg pf(8) Pe 4 ;“ bt ¥ ESTATE to the extent of 40 | Am Hide & L pf. i1 41% 41'%|Gen Cable...... Penick & Fo Ssassiadinte’ Action alarekiat 108 o {Am lee( i5%s 44 415 | Gen Cable A(4). Peiin & | Am Internati(2) 96% 97y 95 95% AL E. Henze. Am LaFr&Foam 6 6 bl ok i Am LaFrance pf 68 68 68 68 | Gen Elec(5)... 30-share | Am Linsey 1104 111 109 1097 | Genklec sp(60c) Am Lins (7). 0 120 120 120 Gen GasA(ol %) Am Locomot(8). 9 A Sand & vel opened at 95'; and closed at 95, on | turnover. | _Merchants’ Transfer & Storage com- | Tumb Courteous Treatment u ears s C Percy H. Russell Co. 1731 K St. NW. ecord of Penn R R (3% People's Peoria & I ot “ 91 91 n lce Crm(3). {mon appeared for the first time in|am Loco 1 Pere Mara(i8).. veek: 128 S = N Am Loco pf(7).. 116 116 116 116 |Gen Motors(17). 1 : . weeks, selling at 128. Security Storage | am Metals(3). 4Rl 481G 48 48 | Gen Mot pf(7) { Phila Co pf (3) old at Phila & R C& 1 Federal-American National i Metals pf 0 ien Mo 6) . . | was the Ginly bank slock out, 10 8hares | A moa s T A e Phil Morris(1).. it Piano... Ry T 841G Outdr Ad(4 o 5, | bringing 336'>. The Potomac Electric | Am Piano pt. B Ryl BRCIGRESHUL ) i Power stocks” were firm in_moderate | am & LA1) B Tivi | Gen 1w St (0) Plerce-Arrow. .. I Money Available for trading. Bonds were also populs 47 Yt by Pierce-Arrow pf 60 60 60 to- | Am Radiat mRy E Plerce Ofl...... day, recent prices prevailing in th 120 120 120 lette Raz(5). 100% 101% 100% ues. < - 5 Plerce Petrolm FIRST DEED OF Republic 63% 67 |Gimbel Bros Hdin s o e g 4 d Pilisbury (1.60 Fifth District Wholesale Trade. f Ra 14% 62% 2% | Gimbl Br pt Pillsbry pt(81) hip & Com. melting (§) TRUST LOANS On Completed Properties and for Construction Use Reasonable Interest and 4 4 |Glidden Co... 201 199% 201 | Gold Dust(3). 13 1344 odrich(4) I3 Goodyear Tire 111 111 ! Goodyri1stpt(7) Wholesale t Pitts Coal. .. Pitts Coal pf... Pi n Coal Pitts& WVa(6). Postum (1), de in the as reflected in to the Federa mond, was in smaller vol- all li fifth re ms ) . B3 PICT) 11 111 of fc 6 69 69 tham (3 "o : Commission Rates s were available than i 68 68 | Gotham n¢ Preased Stl 28, or June, 1927 100y 10a% Lio% e . | Gotnem pett) Pr St Car pf(7) ME F SHEA reporting firms showed la | bacco(8). 161% 161% 1613%. 161% | Gould Coup Produ & Refinrs 5 sales, in dollar amount, in June, B8 162 % 1601 16013 | Graham-Paige. . ll’v':::lerv NJ(2) s vear, than in June last vear. but the | AmWW&F b | Granby Min(4) s 643 Louisiana Ave. N.W. other five lines reported decreased sals Woole | Grand Stores(1) SURSBE | during the 1928 month; dry goods with | Am Wr { Grana Union. .. e a decline of 25 per cent showing the | Am nd Un pf (3) FUEe OILLBIE) . greatest drop. i am ‘North pf(5) Pure Oil pf(8). . 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 In comparison with May sales, those [ Ana || of June showed an increase in furni- | Archer-Dan ture, but in all other lines lower sales | Armour, IlI(A). 19% were reported for the more rece Armour, I1I(B). 10% month. Cumulative sales during \hv“\l pour. [l pf | first half of 1928 exceeded sales in the | Arnold Con & Co first half of 1927 in groceries alone, the | Artioom(3) other five lines falling behind their | Art Metal(1is 1927 business, - Asso Dry G Stocks on hand increased over those | Asso Oil2) on hand at the end of May this year in | Atchiscn(10 189 dry goods and shoes, while grocery and | At Coast L(710) 166 166 166 hardware stocks declined. At the end | AUGUIf& WL, 48 484 474 of June stocks of groceries and dry | AtIGulfpf(3).. b3 5 goods on the’ shelves of the reporting | Atl Refining(4). firms were larger than those on hand |AtlasPowder(d) 78 78 on June 30, 1927. but shoe and hard- |[‘Atlas Pow pf6) 108 108 108 | ware stocks declined during the year. |AusCr 2 Collections in June improved in | Austin | groceries, hardware and furniture over | Baidw | | collections in May of this year, but de- | Baito & 06 | i clined in dry goods, shoes and drugs. | Bang In comparison with collections in June {last year, collections were better ia | BankotMan(16) | hardware ‘and drugs, but were slower in | Barker Bros groceries, dry goods, shoes and furni- | Barker pt (6%%). ture. | Barnsdall A. ... Regular Dividends Declared. | Bayuk C The Potomac Electric Power Co. has| BeaconOil..... { notified the Washington Stock Exchange | Beachnut(13).. | of the declaration of the required quar- | b¢lding-Hemwy terly 115 per cent preferred stock divi- | Best & Co(d).. . | Radio Corp.... RadioCo pf(314) Readinz Ry (4). Real Silk Hos. . Real Silk pf(7). Remingtn-Rand Reo Mot(f1.20). tep | & S(4).. Reynolds Spn, ReynldsTobB(5) Richfield Oil( Rossia Ins(3). . Royal D(a3.222) St Jos Lead(13) 19 101, | Greene Cana(4). | Gult Mo & Nor. . Hanna 1st pf. Hartmn B(1. Homest Houshold( 14) { Houston Oil. Howe Sound(4). Hud Man(2% Hudson Mot (i Hupp Mot (f 11linots Cen(7). Indep Oil(1). ... Indian Mot(1%) Indian Refining. Indian Refg ctfs Inland S(ki6%). Inspiration Cop. InterboroRapTr Internat Agr chulte pt(8). Seab Air Line. Seagrave(el.20) Sears Roe(121:) Shattuck Shell Un(1.40) Shubert The(5). Simmons Co(3). Simms Pete. ... Sinclair O1l Skelly Oil rs... 109 109 109 109 |Int Ag Chpt (7). 16 6 . i Southern Surety Company Int Bus Ma(5).. Int Cement(4).. { Int Com Eng (2 outh Calif Eq New Int Harv(36) 27 . of York dend and also sent Togular quarterly | Bethiehem Steel e Hasy ot 15, “§.,_ South Dairles A. dividend of 1% per cent on the 515 per | Beth Steel pf(7) 1178 1175 1170 117 | Int Mtch pf 3.20 10474 | South Dairies B. Capital Seeck | cent. preferred stock. Both these’ divi- | Bloomingdule. .. 3813 e AT Matibe, Lt e | 1tha ) i 2 dends are payable on September 1 0} yooin sy iieries. 4 :m n\_lzr 5’(..”!. 36 | Squth Ry pf(5). $10 Par Vaiwe stockholders of record August 20. 3 e nt Nickel(2)... 9% i | The directors ofthe Washnigton Rail- Booth Fish 1st., 48% Inter Nick pf(6) 118 OuURYM&Oefs 4 TR il AN | way ‘and Electric Co. have declared he | Borden Milk(6). 160 1 Int Paper(240). 2 jang Chalfnt. . “'. k’mm forty-ninth semi-annual dividend of | S0Ston & Maine. 73 Int Paper pf(7) 100 | Splcer Mfg.. ... s.xfi,'fm { 215 per cent on the preferred stock pay- | prses MEECo, 37 IntPap ofs(2 40) ow | 54 Com Tab). A~ | Brockwy Mot(4) 53% % . {10 [ g (315) . | able December 1 to stock of record No- | e | ore(s). 200 2 Ry 4 i i Mo |8t G & Eotdt). | vember 15. At the same meeting the| gy ih yany) . %60 e Ay S, Std Milling(5) .. Price $35 Per Share Int Tel & Tel(6) quarterly dividend of 1% per cent was| gy, n’ | Sta O Calzyg). i anpf(6) 89 B9 K9 89 | { voted on the common stock, this dis- ByivninGae(s ' ! Ldewel Tea(4) 1161 | SOIINJ (11 o {BklynUnGas(5) 140 141 140 141 |9 ad). .. A StAOINI (11%) . DWRLMMH" Upon | nurs;nmegcldmng{ pnyalgsASep:fr;};mr 1{ BrowhBhoe 15 ds. en ‘_'l | Johns-Manv (3) 1261 | StAOUNY (1 60) . equest o shateholders of recordAugust 18, | Brunswick B(3) 45k 464 dbw dpw | Jordan Motor... 10 | StdSanPro(1.68) { oo fmt!‘:: e ired the veavin | Brunswick Ter. 423 41 | K CPo&LtB(6). 110 [Stanley Co..... » { Corpor 3 e °gular Bucyrus(1) 4 Kan City South. 48 ] STUWALE T arce) ! 5 | quarterly dividend of 50 cents on Class | gucssis o 18 | A and Class B common, pagable Seb-| Buft RochdD (1) |s trom Car (2 ebaker(5). Kayser J(5) 67 | Keith-Albee. Stemw Baos. & Boyce Betablished 1853 | tember 1 to stock of record August 20. ll%urue BrosA(8) 120 Keith-Al pf(7). . ubmarine Boat. 7 to Meet. Burns Bros(B). 3515 35 Kels Hayes(2).. in Ofl(n1).... 5 Tnstitute Committee | A ). 5 s Ha § ‘ .-‘u-d‘ Resticing e irst Sk Dorhent acediig of fha 601t | ;\‘urniflmspi(:) 103 2 105% 1 Kels Wh pf (7 Pkl \*)-"'1 . Washingten, D. C. cational committee of Washington | SUITOUBhS(T4). 174 Kelvinator Cotp Eddatbaidel fae il Bush Term (g Sweets of Amer. Bush Ter de( i Telautogh(80c). | Tenn Copper(1). Texas Corpni3), Texas Gulf Sui(s Texas & Pac(5). Tex Pac C & Oil, !Tex Ld Trinew) | Thatcher Mfy. | The Fair(z.40). Third Avenue. . Tidewater AsOfl TIAW ASOIIDT(6) | Tidewater Oil 80 Timken(15). Tobac Prod(m). Tobae Prod A(7) ‘Transcont Oil. . ransue & W(1) Kennecott C(5). Kinney pf(8)... Kolster Radio Kraft(g1%) Kresge( 1,60 | Kroger Gro(el). Lago Oil. .. mbert C | LehighVal(33) Lehn & Fink(3). i Life Sav(1.60).. Lig & M % Lig Carb (3. Loew's(13)..... Loew's pf(6%). TOTt. s die s o Long-Fell(A) Lioose-W (1.60). Chapter. American Institute of Banking, | { will take place late this afternoon at |y h oy | bankers' headquarters. when plans for | putie cou's 7 | the coming vear will be discussed. The | (e & Supi)’ matter of selecting the faculty will nat- | guive (e BP0 Min Ofice: BALTIMORE, MD. 1084 314 106 100% 51t 29 B0y 90 urally get the most attention H | A.E. Henze, who is also vice president | Calif Packg(4). | of the local chapter, is chairman of this | Callahan Zinc. . committee. Mr. Henze is deeply interest- | Calumet&Ar(6). ! ed in institute work and has served on | Calu & Hecla(2) other important committees. | CanDryGAle(3) At today’s meeting the new president, | Can Pacific(10). James A. Soper, and last year's presi- | Case Threshg(6) 3 dent, 1. J. Roberts, will be among those | Cent Alloy(2).. present. The institute’s board of gov- | {entury Rib M ernors will meet tomorrow. 1 I Will Sell 15 SHARES Great National Insurance Co. of Wl:bi.n[ton, D.C, { v Grocery Sales Up, { Sanitary Grocery Store Chandlei , Inc. ounted to $1,753,224, against es & Ohio(10) 184 1B4% 183% Lorillard C 2 ‘Trico Prod(2%) At 378 Per Share $1,324.053 in the corresponding month | Chi & Alton..... 104 104 10 Louisiana O1l, .. Udwd El F(4). . | or an inerease of 32.4 per eent. | Chi & Alton pf 15 16% 15 La Ol pf(6%%). . 1 Un Bag&Paper TOTAL .. 31,170 the first seven months of the |Chi& East1ll.. 41k 41% 41% LouisGasA(1.75 Union Carb(6) present year sales totaled $12,833,833, | Chi Great W 13% 13% 131 ! Louis ash (7) 1420 | Un o1l Calez). in comparison with $0484.929 in the | Chi Gt West pr, Ludlum $t1(2).. 50% Union Pac(10) . . This stock was sold hy tP.. that company under a subscription dated Feb- ruary 20, 1928, at an agreed price of $100 per share. Total, $1,500. corresponding period last year. ’rms;'jhh\lvl& was a gain this year of 35.3 per cent GOLASIL & L0 pf Sales of the F, W. Woolworth Co. for | Chi & Nwn(4).. &3 8219 MecCrory B(2).. 1084 June were $417,828 ahead of last year, | Chi l»:my A}r)u)":) 115% 116% 116% McKeespt Tin P) - 67 or 208 per cent. For the first seven ChI RI&Pac(6). 117 1184 117 117% | Mack Truck(6). months of 1928 they reached $146,869.- |CR1& P pfe6). 101% 101% 101% 1011 | mackay 724, against $136942,191 in 1927, or an | ¢ ’;“" Pplei). 107% 10’ 107% 5 Un Pacific pf(4) Utd Biscult 1.60. UtdCgrst(Caoe) Utd Fruit(1s ) Utd Paperboard ., U 8 Distributing U S Hoffman (4) . McCall Corp(d), 71 McCrory A(2).. 104% increase of 6.52 per cent, asha (3) 61% & 5 51% 1 1) 8 Alcohol (5 Th L H Bristol-Myers Co, in which George | a8 4w any JoopE( | omas m Hewitt Myers is a partner or | v Ay 4% U S Leather 2 ume the six months ended June 8. net Bl 81 1 U S Leather A income of $685,694.50, eguivalent Chrysler (1 7% 8% US Realty(4). s1 815 1412 G Street 319 per share on 180,800 shares of |City StB4 5l KGN A y U S Rubber. . + Main 1346 common stock outstanding on June 30, | Cluett-Peab(5). 7% 7Ky | Man Kl m (8 Rub 1st pf “oca-Cola(6) 164 163% 162 olling & Afkmn 60% 61% 60 60 Fuel & Iron. 624 624 61 Gl U S Steel(7). U S Steel pf(7). Uni Plo 15t pf (§) Univ Pipe & Rad UL P&L Ace), Vanadium(i4) Van Raalte pf. . Viek Chem(4). . ictor Talkg(4) ‘uro Chem. v Ch pf(3) dou Co... 1928, This compares with net income of $477,295.33 fof the six months ended June 30, 1927. | Commodity Prices Slightly Lower, Maracuibo Ol , | Man Shirt(2) ol & 20l Gas & K15 outhn () C « ( 10 110 110 110 |y & LEO% L18% 110% 111% |y during the ' C &E prA(6) 107 107 107 107 |y decline | Com Cred(1)... &2 32% C c ¢ tin-Parry hieson (6) | May Dept 8(4). Maytag( 69 I Maytag pt ( 975 | Mengel Co 1464 | 5 n Seah 8% | Miami Cop(1).. 60" | pja-Continent. | Prices of commodities week ended August 4 sho of four-fifths of 1 per cent, according to the wholesale price index compiled by the National Fertilizer A This 15 the fourth successive week of decline, and the rate showed a sharp SomInyTr(3.60) 694 694 om InTr pf 6% 97 97 Jom Solvents(8) 147 147 ‘om Powr(13),. 17 TR% 60 60 _CUARANTEED J h N “onde Nust( g increase ver the us_week 244 28% | Middle States. . g For the Price of groups t & showed the largest dechines | congCaracts) 710 T1v4 | Midland pfi12y Wabakh. .. ..., > were grains, feeds and live stock, ConCigprpf(6 49 99 | Miller Rubber. . w (1) a Postage Stamp per cent; textiles, 3.1 per cent, and|conjey Tintoll., 1 1 ‘anmml iy Ward Baking B. fats, one-half of 1 per cent. The only | Cousol Cgract). 9% B0 | Minn StP&SSM., Warnar Pis A. The price of a 2-cent roups that showed increases were “on Filmn pr(2). 24 21 | Mo Kan & Tex Warner-Qu(2 stamp or a phone call fuel group and the butlding group. ‘onsol Gas(b). . 145% 1435 144% | Mo K&Tex pf(7) 1 103% 103% 1031 | Warren Broa(4) | porsirc gl v e Sigrag declines were quite genergl in ConzolGas pf(h) 100% 100% 100 100v | Missouri Pacific 64l 61 Gl | Watrenlst pf(i) tural eommoditic 1d mokt raw mate- | G0 uba pf 8 T3% T4 73 740 | Missourt Pac pf. 116% 1167 115% 1155 | Warren F&Pipe. get full information on the 67 First Mort Notes specialized in by this company. These Juding esnccially hide Finaneial District, yser, president of the & Commercial Bank 3| Montgmpy W (15 18K% 1970 1RN 195 | W Penn KI pri6) P ot B AR AR K1 Peun ELpfT) 1105 T 1104 1110 1" hl Mother Lot30e). West P Poc6), . 110 110 110 110 208 | Motion I'te Corp | West P Popl(7) 116 116 116 114 rials, ini Heard | Consol Textile | Container A 1.20 fe- | Container B 60c Cont Baking A.. are secured by Uy e from an extended vaca- | Cont Buking 5., 11 | Motor Meter A 10ty Went DalryA(4) 1vpe, owner-occn tion trip through northern New | Cont Lak pr(8) 774 | Motor Proa ( r e bl A O pied properiies in near ot Chnatis. | Cont Cants) 1110 | Motor Whit 1 Wast Maryland. e Satecd e N Toraker. or of the local | Cont Insur(6) % | Mulling Mfg i ‘:": ‘l‘"‘ . L by Marsland and are rthur Fora 1 L : ) { . i Wiest Basing, . unconditionally gusran office of Eastman, Dillon & Co. on a | Cont Mont (80c) 1% | Munsingwr(i), saoific e |”I o I % .Lu'.-’ ,:l u‘.‘l,‘ 'n“,‘, }.” : tp to Texas, found |Corn Pro(iily) 70 | Murray Corp. .. HlTh 48T \\\‘nzn‘xl:‘mu.:.nx;r, Kol ae ) Sy Gaveston. mot warmer than Washing- | CotY inc(sh). 104 | ugh Motra 16) W7 BO Wbt G- . ton and most of the time not nearly ] b : -k Acme (sta) 144 1 Westinghse(4). 3 f Nat Heliun Hewss Bt KO Wenton Ilectrio . president of the |Cubs Cane 8y pf 184 18% 1% 1% I BHoan pfi7) 1060 106ty it Harlatl) 1 Trust Co,, has re- | Cuba Company 3 7 1 Blno (6% ). 169% 1661, White Motora(l srned from Summer home at|Cuban Am (1), 18u DR TR 18N | il e i) 144 144 oot ( e ous, Pa.. 10 spend the week at | Cudahy Ph(4). 7% 2ab 725 7% | ol oY Al A% 6% tock Miminown, Pa., Curtien Asra(1). 104% 106 104 1041 | Nat Camn 1A B 8h White Sew M V. Freeman, son of Bishop | Cutl-Hamb) ob B B4 B4 | Nat Dintiilers, Ak 40N Wilson & Co. Freeman, who is connected | Coyamel Fruit bo 250 B0 | Nay Enamel & 8 a1 40 bty el bond department of G, M. | pavison Chem. . W b1t B0% 61Y% | Nat Lead(B), . 1 Wilkon & Co pf. 69% phy & Co., i5 taking a vAcation. | pavison r1 . o %t | Nat Pow&LA(1) et (8 360 1o ancis G, Addison, Jr., vice president | Densnnmecz 15) 41% 1% 4i% Nt Radlator, . 184 Nl ¢ Becurily ngs & Commercial | Deere&Co pf(7) 124 124 124 Nut Rad pf(7) 0% 70 Worth Pump(B) 50 60 Bank, is passin cation on the Dela- | Dl & Hud(9)... 162 192 191% At Supply (1), Ko 90 B9 Rorn P e are coast Del L& W(1T) 182% 19 102y Nat Surety(10), 808 Wriglay (151)., 604 69% Richard Hatton, financial editor the | Den RG Wn pf., 56 66 bbly NatTou(4)., ... 2800 YaloafwnatTd). 08l 8% Navada C() ashington Herald, has returned 1o the | DayockIt CIA 13 49% 49% 49 Yallow Truck, .. 8804 3d% 32 fnancial district from a two-wek vaca- | Diamond M(19). 1670 167k 1664 166% | N O Tex & M(7) 148y i HERES » HOY {in at Epping Forest Dodge BBros A 1T 1% 17 Fi| N Y Ale Br(B),, 4A% 43% 4k 4ds | Younsstn 8hiG). Y "“l‘ ‘W% a9 John De Mareo of the Seventh Street | Dodge Bros pf 7 #7 K714 Kb 86 ' N ¥ Central(k). 1681 16510 168% 1641 Hourly Sales on N_‘ . M-th‘ vings Bank s passing his vacation' Dodze Brosetfs, 17% 17% 174 17% NYCent(rts)., 64 6% #i 64 1tam. 716400 33 noanl 188300 - Pyl Dodie pEolfs. . BT BT 6% B0k N X CHULpf6) 108 108 108 108 1pam. 1,540,000 3 pam. 1,816,500 | railroad stocks. Both the seasoned divi- | dend payers and the lower-priced issues | Columbia Sugar A.... STOCK PRICES DROP AFTER EARLY GAINS Higher Money Checks Ad- vances Scored as Mar- ket Opens. BY GEORGE T. HUGHES. Speclal Dispatch to The Star. NEW YORK, August 7.—Starting in strong and active, so active that at one time the tape fell behind business on | the floor, today's stock market met a | check in the shape of higher money. The renewal rate was 6 per cent un- changed, but early in the afternoon, de- mand exceeding supply, the rate for new loans advanced to 6!, per cent and an hour before the end went to 7 per cent. Leading industrials came down fronf their early tops and the motors showed losses on the day. The market turned | dull on the reaction, however, and dis- played the same obstinate resistance to selling which has characterized it | on similar occasions in recent sessions. | Oil Groups Strong. | Some stocks were able to hold their | gains and improve upon them, among these the volatile Warner Brothers Pic- | tures “A.” Sears-Roebuck, Schulte Re- | tail Stores and others in the same class. ‘The oil groups we strong in lhv‘ first hour, when overnight buying | orders were being executed. A new | phase also was the bringing to the | front of the rcils, which had been al-; most completely ignored of late. 1 Switching into the rails was an alto- | gether logicai development. ~ Car load- ings statistics are more favorable, lnd] | ! | if the advance in the general list is genuine it would naturally take in the were in demand. In the former class. Delaware & Hudson was up over five , and that on a small turnover. Atchison, which, incidentally did not sell at all on Monday, was up over two points &s it crossed 190. Canadian Pa- | cific made a larger gain around 208 Rock Island rose over two points. St. Louis Southwestern was the| leader of the non-dividend paying rail- road stocks. Crossing 89, it was up nearly 4 points. The road has had a much better half year than in the cor- | responding period of 1927, and esti- mates now run as high as $11 a share on an annual basis. Missourl-Kansas- Texas, the Erie stocks, New Haven, | Western Maryland and Wabash were all actively bought at one time or an- other, - H Early in the day the motor stocks | were in demand. General Motors at 193 | was at a new high on the recovery. In | the later reaction it lost all the gain. | Of the independents Chrysler, Packard and Hupp were che favorites. but they also came down more or less subse- quently. Sears Roebuck bettered by a fraction | its previous record high for the pusemi shares, and Montgomery Ward moved up sharply within a fraction of its pre- vious best. Warner Brothers Pictures | “A," in which a very large speculative | position has been built up, soared to | another new high since listing. Shat- | tuck was another industrial to be bld"l up. | Utilities in Advance. i The utilities were represented in the | advance by the local tractions, especial- | ly Interboro Rapid Transit and by | Columbia Gas. The last-named agd-| vanced from 3 to 4 points. Interna- tional Telephone & Telegraph was | higher. Like General Motors, United | States Steel went to a new high on the | movement before the reaction set in. | Bethlehem Steel and Republic were the | features among the independents. | The oils were firm, but little more. | Copper stocks met realizing, and there was heaviness in most of the sugars, particulariy South Porto Rico. | FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) | Nominal gold Selling checks | value (or var) London. pound ........54.8665 Montieal. dollar 100 Paris, franc Brussels, beiga Berlin, mark Rome. lira Zurich, - frane Athens. drachma adrid. peseta enna,” schilling Budapest. pengo Prague. crown (fom) Warsaw, zloty ‘i3 Copenhagen, crowii.. . .268 Oslo. crown. .. 268 Stockholm, crown. ..., 268 DIVIDENDS. Po. Pay- Hidrs. of Compary. rlod. able. ' record. Beneficlal L 7 SA Aug. 10 July 81 Bird Grocer. $175'Q Sep. 1 Aue 20 Canada Vinesars (In) 40c Q Seo. 1 Aug. 15| S¢ @ Aux. 8 July 31 Corrugat Pap B pf .1 Sep. 1 Aug. 16 Fisher Brass pf A. .. f0c Q Aug. 20 Aug. 1 Franklin S & Co pf. §1.75 Q Sep. 1 Aus. 17 Indiana Limest pl. $175 Q Seo. | Aue. 20 McCrory Stores A....30c Q Sep. | Aug. 20 Do’ B 80c Q Sen. 1 Aur. 20 Manhattan ' Bhirt 50c Q Sep. 1 Auc. 16 Stand Oil of Ind . 63)c 2 Sep. 15 Aus. 16 Do. 28¢ Ex Sep. 13 Aus. 16 Waita & Rond A 500 Q Sep. 1 Aus 13 Do, B [ 30c @ Get. 1 Sep. 15 GERMAN BONDS AND STOCKS. | 8pecial Dispateh to The Star. NEW YORK, August 7.— | Bid. Asl Ger Govt Red Loan with draw ] cifs att per 100 R M 55.00 60.00 Ger Govt Red Loan without | drawing ctfs per 1,000 R M. 40.00 4200 | (Quoted in dollars per miltion, marks.} .01 Hamburg 4las 1019 35.00 | (Quoted in dollars per thousand marks. Ger Gen Elec 4':s pre-war 2200 2% Ger Gen Elec 4',5 1919, 235 Berlin 4s ar 4.00 Hamburg 35, Hamburg An vican Line 4'us. 3000 3 & 5 3 3 Los & 4s pre-war 75 15 2. 2 North Germau Lioyd 4'us..... 3000 Krupp 55 1921 128 Dusseldort 4x’ pre-war 1.00 Frankfort 0-M d4s pre-war 1.00 Munich 43 pre-war 1.00 (Quoted 1 doliars Der share.) A E G (Ger Ge Elec) 42.00 A E G (Ger Ge pld B 900 Commers and Privat Bank [ Farben f Disconto Gellschaft |\ Berliner Handely Dresdner Bank Deutsche Bank Darmstaedier Bank Heyden Chem Mercur_Bank Vienna North German Lloyd Austrian A E G (Gen Elee) SHORT-TERM SECURITIES. (Reported by J & W Selisman & Co.) Bid “Offer Aluminum Co. of Am. 5s 1952.. 100t 1003, Americar sudiator 41hs 1947 97TIL RNy Amer. Tel. & Tel Co 4s 1920.. 9R%: 091y Anaconda Copper 6 1030 100 Ralto. & Ohio 416y 1933 R | o | Batav, Pet. Corp. Alys 10431 03t, 0an, Roll Tel of Canaga &5 1065 10315 1084 Californin Pet COrp $1yn 1038 10114 102 Canadian Nat. Ry. Co. 413 1030 90 ° 021, Canadian Nar' Ry’ Co 413s 1038 070 oAt} Ches. & Ohin Rv. Co. 4118 1930 o8t: 30 Gotuibin CGus & Elec 85 1933 9911 100 Cudahy Packing Co R 901, Duatesne 2 dion ¥l aa Erie Rwy O 0 Mot. Accep, n Pel. Corv bs 1040 odvear T. & R. 85 1057 Grand Trunk Canada gs 1036 Gulf Of of Pa b8 1937 Humble Ofl 8tx 1932 Mass (s Co. 8las 1048 New York Tel 6s 1041 on Short Line 4s 1949, Pure OIl Corp "8l 1937 Shell Unfon Ofl Co. As 1947 Sou R R Co. ds 1920 Htandard O N Jersey bs 1046 St L. Ir, Mt & 8o Ry, 4s 1939 Swifi & Co. by 1032 Union Of Go. of Calif. 55 1025 U8 Smelting Co_ 5y 1938 Western Electric Oo ‘83 1944 Westinghouse El & M{ 83 1846 Wheeling Steel Corp. 61 194 100 ' 100t Dividend rates as civen in the abave table {14 the annual oash pavments based on the nteat quariorly or hajf-vestly declarations it of irading less than 100" shares ¢ Partly extra, | Plus 4% in stock ¥ Plus 83 in preferred stock ¥ Plus 1/35 in stook " rl Uhla vear--no reaular rais b Baye able in stock ¢ Plus in stoek d Pav. able when urr‘ e Pavable in cash or stook. f Plus_10% in stock ¥ Plus 6o in stoek “I'lrlh stock ! Plus 3o In stock. k Plus fi‘n share auarierly in Stock. m Pavable 1/10 share ‘auarierls in United Cizar Storea common atock. # Plua Tl W slock. Complete Investment and Brokerage Service Copy of our “Fortnightly Review” furnished om request . G. M..P. MURPHY & CO. Members of New York Stock Ezchange 1508 H Street Connecticut at K WASHINGTON, D. C. \ Telephone Main 9600 New York ~) Richmond Private Wire and Telephone to New York F. B. KEECH & COMPANY Members New York Stock Exchange New York Rubber Exchange Washington Stock Exchange Chicago Board of Trade Chicago Stock Exchange New York Cotton Exchange New York Curb Market New Orleans Cotton Exchange New York Coffee and Sugar Liverpool Cotton Exchange, Ltd. Exchange (Associate members) 1510 H STREET N.W., WASHINGTON, D. C. New York Philadelphia Providence 52 Broadway The Ritz-Carlton Grosvenor Building Chicago 231 So. La Salle St. Private Wires to Balti Chicago Providence ;!o‘:rl':s:u New York Richmond Philadelphia Cable “Keechco” Telephone Main L] Capital_and Surplus, $3,000,000.00 It May Be Too Late —for you to have your WILL drafted when you RETURN from your Sum- mer trip! Traveling is hazardous. Attend to this vital duty BEFORE you go away, and . to insure prompt, economi- cal action on behalf of your family, when that becomes necessary, name this com- pany as Executor or Trustee. Our Trust Dept. invites con- ference. National Savings & Trust Co. The Oldest Savings Institution in the District of Columbia 62nd Cor. 15th and New York Ave. > Wetel P Il Hlevd Year E-IyR«S<T THE BETTER WAY There is no need for any per- son to take chances when an investment, such as our 6% FIRST MORTGAGES, —thoroughly secured by im- . proved real estate and rec- Ower a Third ommended by an institution, of o not a single one of whose in- Century . P Withowt & vestors—in over a Third of a Fa Century—has lost a dollar of either principal or interest, is obtainable in amounts as low as $250. Available in Amounts of $250 and Upward B. F. SAUL CO. Main 2100 925 15th St. N.W. PHERE IS NO SUBSTITUTE FOR Complete Peerless story! v See NEXT SUNDAY’S PAPERS