Evening Star Newspaper, August 10, 1928, Page 10

FINANCIATL. THE EVENING STAR, WASHINGTON, . (. FRIDAY, AUGUST 10, 1928. FINANCIATL, Money to Loan Secured by first deed of trust on real Prevaling interest and commission Joseph 1. Welle Ride.. L DDDDODDD lors to successFul mex ince Pennsylvania Avenue became the Nation's Main Street. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford csentine Mutnal Benefit Life ins Co ain Seot 1520 R Street We clase ‘at 4:30 a.m. ont Consult Us First If vou need money for vour Real Estate financing let ue have vour application No Appraisal Fee The Commercial National Company Incarnarated Paid Up Cash Canital. S500.000 Kational Bank Blde Commercial | 1th and G — —_ [\\ e Are in the Market to Purchase Second . |FEDERAL RESERVE p 420 Wash . & Trom uth & + NW - RESOURCES | i . “Although Membership Has | Shrunk Report Shows Gains in Financial Condition. BY EDWARD C. STONE. | Statistics on the Federal Reserve sys- | 4 tem show that since th> end of 1923 | membership has been decreasing. rang- ing from the high point of 9, on Jan- uary 1 of that year to 9.034 on Janu- ary 1 Membership in the tem has not decreased nearly so rapid .| | number of banks in | the United St however. The & est number banks was reported X in June, 1921, This was 30,748, while in June, 1927, the to- tal was 27.061 For the same pe- riod, 1921-1928, percentage of bank which are members of the system has increased. The figure in 1921 was 31 per cent, and in 1928 it had risen to 3: per cent. During the same period the resources of the Federal Reserve system increased $13,703,942.000 In point of members Reserve district leads, with bers; Kansas City second. with 961: New York third, with 934. In total re- sources New York district leads, with $14.249.820.000. and Chicago is second, Claude H. Woodward the Chicago 4 mem- Trust Notes —sscured on improved real estate in the District of Columbia Prompt Service Given National Mortgage & Investment Corp'n 1004 Vermont Ave. N.W. =’ Over a T A of a Century’s il Experience lig Apartments Have Come to Stay Such of them as are well managed will lonz survive 2nd continue profitable to How about Is its entrusted to 1f the answer is not “Yes,” see us. B. F. SAUL CO. Main 2100 925 15th St. their owners. your apartment? management experienced hands? REAL ESTATE LOANS 5% & 5%% Homes, Apartments and Business Properties In District of Columbia and Nearby Maryland-Virginia 3-5-10-Year Terms Prompt Replies Randall H. Hagner & Co. (Incorporated) Decatur 3600 1321 Connecticut Avenue Mortgage Loan Correspondent sw York Life Insurance Co. P i 5%2% and 6% Real Estate Leans Sfl\'(_‘ '\'“UY "lmfi and energy by coming first w Ecre '\'”\l kn”\l 'he money can }’)e {qu“d Prompt decisions. Mortgas - Lecn Department SHANNON & LUCHS, Inc. 1435 K (L KW, Phone: Main 245 Cities Service Earnings Reach New High Mark B, ( arending June 30, 19 ervice Com- I netearnings ting to $32,062,00( pany r rd and a re than 1390 over ious 12 montl —a new h n the pr of Met earnings for June amounted 00 and were the lar June in the Com Ciries Service which over m dividends have e you a net yield Y been paid, tog of over 747, on your Clip and Mail Coupon with $6,087.936.000. A summary in the Wall Street Journal shows that the Richmond Reserve Bank has 561 members, $1.693.205, $1.346,070 1 loan and investments and total de- posits of §1,336,646. Gov. Gov. Young Discusses Credit. Young of the Pederal Reserve Board said in Pitisburgh Wednesday that production and trade throughout {the country are greater than ago and have been well maintained since early in the year. 1928. Am Am Am Dr Am K Am & For Pow. Am&For Pr AmW W, AmMW WISt pf(6) 101 A VAT | Am Whise pf(7) A Am Woolen pf NEW YORK STOCK EXCHANGE Adams Exp (6). Adv Rumley. ... Adv Rumley pf. Ahumada Lead Air Reduetn( Ajax Rubbe Ala & Vickse6) | Alaska Jun: Albany 1" Allied Chem. Allis-Chalm (7 Amerada«z) Anm Agri Chopf.. Am Bank N(i3). Shi1.60) Am Brown Bov. L n i Ry () 1.plei) Am Chiclect), .. N0e) .. pressi6). Am C; 2 7 Am&Forl pf Am Hide & Lea. Am Home Prog) A leed )i A Internatl(2) Lakr& Foam Am Linseed. ... Am Locomot (8) Am Am Am Am Am Am ) Am | Am Am lam Am i Am Am Am Loco pfi7) Mac&Fy (1), Metals(3) Metals nf(6) P& Lt Po&L pl(6). diatores) public fRATaY. Seatiug Ship & Com. Smelting () S&Rpr7). Snuffo12) Sl plo6) tFdys(3). i Sumatra. .. Tel & Tel(9) ACCO(N ) . Tobaccol3(§ pelo(8). eh m Woolen..... “Member bank credit and borrowings | am Writ P'a etis at the reserve banks have somewhat from the high point of the! first of July,” Mr. Young said, “but the amount of credit outstanding has continued to be in unusually large vol- ume for this season of the year, and declined Am Zinc Am Anac Arche . ArmourDel pf(7 Armour, 11ltA). Zine pf. nd ~Dan money rates remain decidedly firm, Armour, 1LI(B). “Activity of iron and steel milis in| July was maintained at a higher level than has been customary for that month, Automobile production has been in large volume this Summer, and employment at Detroit factories is now larger than at any time since the {Spring of 1926." Bank President Back at Desk. Claude H. Woodward, president of the Mount Vernon Savings Bank, who returned a few days ago from a month's vacation, is back at his desk. Mr. Woodward spent the month at Old Orchard, Me., whici boasts of one of the finest beaches on the Atlantic| coast. Yet it takes some nerve to plungs into the breakers there, as the salt water along the Maine coast is none too hot. Mr. Woodward reports 2 fine outing and. incidentally, it was the first real vacation he has had since he was advanced from the vice presi- | dency to the presidency of th> Mount Vernon Bank. Elected to Viee Presidency. \ { ‘The board of directors of the Inter- national Exchange Bank has Ml‘rlefl} A |Prank J. Kaufmann a vice president. £ iaccording to announcement today by | Fernando Cuniberti, president of the {bank. Mr. Kaufmann has been cashier lof the bank ever since its organization and will continue the duties of cashier |along with those of vice president. | | Forum Committee Completed. | The institute committee which will {take charge of the forum dinners to be | held next Winter has been completed |by 1 J Roberts. the chairman, his as- | sistants beinz Miss Esther R. Lau, Riggs B National; H. W. Burnside, Farmers & [ | Mechanics; F. H. Cox. Commercial Na- | |tional, and T. H. Keith, Security Sav-| (. {ings & Commercial. It is probable the | ¢ committee will arrange for about four | . |dinners, after which some special speaker will take up some new financial | C. problem for the particular benefit of in- ' C. stitute students. ‘ L 1 Stock Exchange Quiet Toda: b | Week end trading on the Washington | C Stock Exchange was quiet today. The | C session opened with 15 shares of Dis- | | trict National, selling at 244. Two hun- C dred shares of National Mortgage & | Investment preferred came out at 414, | C |up a fourth from the close vesterday. | Ci B B | B B {The only other stock changing hands | Ci was Security Storage, 10 shares going at | C 120. In the bond division Capital Traction | C! 52 s0ld to the extent of $3,000 at 102, A | C 181,000 Chestnut Parms Dairy 6!, sold | CI {at 106 while a baby Washington Gas B | Ci came out at 104 ic Gleaned in Financial Distriet. | ( | The July sales of the People’s Drug | € Stores, Inc., aggregated $933.703, com- © pare with $679.899 a year ago, an in- | ! crease of 37.33 per cent. In seven months sales totaled $6,130,085, against | ¢ | $4,427.351, an increase of 38.44 per cent « | over 1927 James C. Dulin, jr.. assistant treas- urer of the American Security & Trust Co., has returned from a two-monih | trip to Alaska. He had a remarkably in- | teresting journey, traveling by “rail, | ¢ water, air and even being let down into | some mines in buckets c Harry L. Selby, cashler of the Ferm ers & Mechanics National Bank in Georgetown, 5 taking a few days’ vaca- | ¢ tion The State Department has approved |a credit of $25.000.000 from J. P. Mor- | { gan & Co, to the Bank of Spain for the | ¢ purpose of aiding in stabilizing the cur- | ¢ rency of Spain The Pederal Reserve Board reports substantial gains in retall trade during July, The Richmond Bank which takes | ¢ in the Washington area, was fourth in | C | the list showing gains £ At yesterday's meeting in New York of the General Motors directors th regular quarterly dividends due at this time were_ declared Stockholders of International Paper Co., are being reminded to deposit their stock under the plan which contem- plates the formation of International | Paper and Power Co, as a new holding | ¢ company. The final date set for deposit | ¢ 15 August 15 . POTATO PRICES RISE. | Cents No Returns Potato shipping points on the Ewst- | ern Bhore of Virginia and Maryland auoted prices of best stock at A level | of $175 per barrel last week, an ad ance of about 25 cents. New Jersey | hipper ting $105 to 8115 | er 100 of wacked Cobbler Chicago quoted car lot sales of Eastern Cobblers as high as $2.15 & barrel, but | the general jobbing range was §1.75 110 $2.75. Total potato movement dur ing the opening week of August de- | crensed further to 3,856 cars, of wiich | 1,800 came from Virginla and 600 lruml Maryland Kast Shore | “rhe supply of apples from Maryland « « « ( I « | K Advi of 25 d Nearby Shipment reglstered quite an ncrease INEW YORK BANK CLEARINGS. | | NEW YORK, August 10 (Special) - | New York bank clearings, $956,000,000; New York bank balances, $103,000,000, and N ork 6 . Bl | BKIvn Ed efs(8) | Bkiyn-Mane4). . | BrownShoe (21 ) | Brunswick B(3) Brunswick Ter. B Calu & Hecla Chi Mil & St F |ci Coca Collins & Aikmn Com ( Armour. 111 pf(7) Arnold Con & Co Asso Dry Gz} Atchiscac10). Atl Coast Li710) 16 Atl Gulf & WL, {AUGUIL pf(3).. Atl Atlas Pow pfi6) Ausiin-Nichols. efining (1) ustin-Nich pf. Balto & 06)... | Bang & Are31) | Barnsdail A Bayuk 15t pf(7) Beacon 01 Beachnut(i3). Best & Cot3). .. Bethlehem Steel | Blumenthal pr.. Bon Ami A1), Booth Fisheries Booth Fish Ist.. | Borden Milki6) tany Mills(A) Briggs MfgkCo. British Empire, British Emp 2d. Brockwy Mot (4) srockway pfi7) 1 Edisn(8) ueyrusii). ... ueyrus evizy, uff Rtoch& (4 | Burnshros pf(7) Bush Ter de(7). utte Cop & %. . utte & Sup(2), utierick Co. .. yer & Co. . alif Packg4). allahun Zinc. . alumet&Arh). ) nDryGAle(s) ‘an Pacifict 10 | Case Threshx(6) 3 ent Alloy(2).. rro de I'as(G) ertain-Teed(4) erto Corpu(i4) handler-Clev, , handler-Cl pf. Ches & Ohio(10) 182 & O Corpn(3). hi & Alton. ... bl Great West, 1 Gt West pt hi Mil & StP pf hid Nwn(4).. hi Pne Tool(6) hi RI&Paci6) R1&Ppl6). CRI& P prT). hickash . \ilds(2.40) .., hile Co(215). ., Shristi B(1.20). Shrysler(i). "Ity StB 5% sik Sluett-Peah(s) . Colu(6)... “ol Fuel & Iron *ol & Southn(3) Col Gas & K15) Col G&E prA(6) ‘ol Carbon(4).. edil). .. omInvTr(5.60) ongoleum-Nair SonRCrrs(t4%%) onley Tinfoil. onsol Cgrsid). Yo Fim pfi2)., ‘om0l Gas(h) ConsolGas pl(s) pnitRCubia pf 6 “onsol Textile “outainer A 1.20 Zontainer 1 60c, i Baking A ot Bakiog B. . Zont Canh) ‘ont Mont (80¢) “orn Prody orn Prod pf(7) oty lueigh). Subat ugar uba Cane Su pf uba Compiny . ian A S01) b Am pfo7) iy 1i1) « Aerocl) Wi E a1 wyamel Pt Davison Chem 1 Db bt 15) DeoresCo pr(7) Dol & Hud(4) Del L& Wii7) Devoed It CIA 13 Devors it | Diimond M1 Dudie Bros A Dodige Bros pf 1 Dard.8 Bros cifs | Dodge pf erfs | Dome Minescl) Drow Ineid), ... Dul B S & Atla Duponte i o) Dua Lt 1sth) ., lastman( i), .. Vinton Axtecs Pitingn pfo6hs) Eiea Auto La4) Bleetrie Bont FleePow& L)) [ [l 1" Sior Bt Received by Private Wire Direct to The Clows, a9y 88 205 10 53 2% . Low 491 X8 205 10l 120 an, 120 1950 201y 70 70 n7 601y 17 A 617 61a 617 29 29 > 1% B3I 400 400 134 1% 9ln 92 1404 1407 T T 1 Nl A2y My 11 Bty 01 131, o 140% 1405 90 w0 1% 114 1, 1861, 1075 10 w10 Py A4 109 109 a0 B0t 1 15 1 148 A48 10 1 R 103 103 To147 6674 100 891, 110 80 103 1o R0 103 147 i Gt Y 198 134 162 1o a1 A8ty 071, £ 174 1607 61 19 o 162 o 51 685 107 6% 1345 16: 1o 51 6815 1071, 65 178% 1605 1345 162 110 b1ty 69 1075 6514 1750 1605 1734 160% 162 162 10 104 101 108 16 100 108 164 100 108 16% 41t 1% 108 100 X6l a6y 15% 1881, 165 46% 4% A1y 5l 153% 154 1085 10! 4% 105 105% T T 24% 245 106 106 165 167 3 695 56 96" 69 ® 564 159 1881 18 16. 465 A3 157 1033 1031, 4 106 106 17 8% 69 6Ly 59 8 5614 15942 160 160 13n 13% 13 35 31 ) 3ty A | 6l Gl 5 o 14 14 11 114 SZ44Y 244% 240 240 24204 2431, 24215 24 64% 64 63 A% 4T% 4Ty ddle 41l 4 42 420 40y, i By B4 B4 B 4 70 - [ ¢ { 45 70 1 105% 10574 1064 107% 1061, 107 | ™ T T 1} 94 { 45! a1 708 il ot " 22in | 73 3 ! 204 1 21 7% 42y 71 10% 22 334 T8 421 72 1% 23 182 617n 10% 13 264 Bav B 461, ai B24 Rl 114%s 113 116% 1164 02 102 107% 107% 174 i 81 91, e 160 B9 594 107 116% 107% 0% 224 1810 Gdte 100 123 6 10 204 | xz | 64, 104 v | 6% 107 13 26% Bb% e 114 | All | s | 1154 115 102 107% 51 47 434 Al B61, 102 1074 | 51 475 | 4% | 81| 9 i6 Ko 16 KL, 107 107 1 114 Wit 107% AR 3 8% T Tn 16 146 UK TN 160 ‘ 581y 107 1164 1075 B4 0 70 1 1 90 B0% 145 146 100100 89% 994 TG T% T T3 b ] 3 1 124 % A 1o 110 o 1w ™ T8 140% 140% 186 186 4% A% oy 2% 1461, 914, 2% 147% 11an 1ty T9h 1400 140% 186 186 186 18I 17% 17% 1101 1011 102 ST w60 61 G0 BOY, 0 el 124124 124 188 KTV IRTY 1% 180 130 T T R 1 e 1 11 Ioh Abd 1bh 1 1T IR 06 Hbv Wby [E LT wely #5 04 B K -4 o, 0% 9B 4 s ' A 470 470 368 46K 01101 101 101 19974 1700 1761 1 e Ah 40% 447k 102 1020, 101 1019, Wh R T8 TRY 100 1o {5 997 | iy “w i i 41 124 145 (e 1Ky "t 155 17 P 170 [ Open. Eein 97t Engineers Pub § nein convplis) o & Pitts reka Vi Fairbanks(i) ed Laght pf6) ed Mol (80c) Kidelity=Phoeny Kifth Ave(fite). 1trst NatSel 1) Fisk tubber. ... Fisk 15t pr(7) Ieleischmann(3) Fox Kilm A4, . Freeport (16%). Gardner Motor. . Ten Am TnkoO) Gan ATC Dl en Asphalt. ... en Cable ..... ) Cable A1) en et 1) enldlee speioe) a0 GasAo11:) en Gas pf A7) ) GasBoel ) ) lce Crm (3. ) Motorse i 7) W Mot pf i) en Ontdr Ad o) AnOutdrAd ) Gen Ry Sizea).. tien Refracid) Gillette Raz(s) imbel Bros imbi | Gold Dust(3). .. oodrich(4). ... Goodrich pr(7). Goodyear Fire. . Goodyr st pf(7) otham1215) .. otham ne raham ¢ ranby Minct) Grand Stores(1) Grand Un pr (3) Dl (612 it North piii) Gt Nor pf efsii) Grt Nor O(114) Gre Wn Sug 2.80 Grt Wn Su pf(7) Greene Cana4). Antanamo Su. Hanna 15t pt. Hartman A(2). . Helme GW pf(i) Hershey Corp. . Hershey pro4).. Hoe& CoA..... Houshold(i4).. Houxton O1l. ... Howe Sound4). Hud Mani2%).. Hudson Mot i) . Hupp Mot (f2). . 1thinols Cen7). Indep O1le)). ... tudian Mote1 %) Indian Refinin. Indian 1efg ctis Iniand S(ki6 %) Laspiration Cop. InterboroRapTre 1nt Bus Ma(s).. tnt Cement4).. it Com En2) int Harvejs) Int Hary pf(7) Int Mieh pf 3.20 1ut Mer Marine. Int Mer Mur pf. tnt Nickelt2). .. L Paperi240). 1nt Paper pfei) IntPap efsc2.40) In Pap pf ersi7) It Tel & Telt6) Jewel Teatd). . Tohins-Many (3) Jones Tew. ... Jordan Motor. .. 1400 103 Kan City South. Kan CSopfid). FRuyser Jiar.... Keith-Albee Keith Al pfe7).. Kelly-Sprinz Kols Hayes(2).. Ketvinator Corp Kennecott C(5). Koister Rtadi Krafugitg). .. Kresge(11.60) hresge Dept .. Kress (S H)(1). Kroger Grotel) Laclede Gas(10) Lacieds G pii) Lago UM .. .. Lumibert Co (16) Lee Tire & R Lehigh PC pfe7) Lehn & Kink(i). Lite Sav(1.60) Lig Myers((3).. Lix & Myrs b 15 Lig Carb(i.60). Loew's(3).... BB oo s s Long-BelltA). Loose- W (1.60) Loritlard Co. ... Louisiana Oil, Louis & Nash (i) Ludlum St MeCrory At2) ‘rory 812) Mack Truck(6) Macy (1 H)eh) | Mad Sq Gar (2). Mugma Copti), | Maltison & Co. . Malbison pr(7).. Mun K1 Sup(h) Man Kl mzgd Murtin- Mathieson (). Muy Dept S(4).. Maytag pt (3) Maytag It pf(6) Mengel Co. . . Mexjcan Seab., .. Miami Copti).. Mid-Continent. . Middle Stutes. .. Mid States cifs, Midland preiiz) Milwaukee E1(6) P Minn & St Louis Minn SUPRSSM . MSBLP&SSM 1i4) Mo Kan & Tex. . Mo K&'Tex pf(7) Missour! l'aeitic Missourt Puc pf Montgmry W (b Moon Motor. ... Mother Lotive). Motor Meter A, Motor Prod (2). Motor Whicz2).. Multing Mfx. ... Munsingwrd)., Murray Corp... Nush Motra(16) Nat Acme (sta). Nat Belluw Hexs Kb Nat) Bine (6% ). 1660 Nat Cuxh | Nitt Dy Nat DBCISHT) SO ers Nat Distillers Nat el & YR Nt Pows i) Nat adiator Nat Supply (16, 91 Nat Surety(10), 4064 Nut Teat4). ..., Novadin CO1 ). 2 NOTex & M(T) 18I NY A, A2 N Y Contrald)) 16 N Y Cent (118)., 8 NV OGN S8 1251 NV & Hurim T 261 NYNH&H() 06 N Y Ontg&Wesin 26l N Y Htate Ry pt 34 N Y Stn pfACT) 114 NorAm bi0% ) 71 NorAm 64 pf(1) 10 North Pae (6)., Nor Pac efs () Ol Well § Omuthun, BO% (e B 1 Bty Aty w2ty 11 e 1K ity SR T T M4 86y B4 84 1 pf ) 1070 107 1070 1074 ) IR 10 M TR 10 a1 05 O 80 0 Otin Wley17) ., Otls v pfo6) Otin Hieel #avy Otlm Bi1 prp 9 Ontlet Copfi1), 114 196 1261 10954 it 2694, 2 100 SRL, 1000, 1718 15 125 21% 0 a8t 661, 7l 210 10t 1o8's 240 1001, i 106 1001, 16978 1nt 12014 47 6ty 700, 19 31 19 sl 954 [N 63in Close. t 1001 1697n i \ 10 210 oot Bt Star Office. s | Pacific Light (3 R rd Moct4) Pan-Amer Pet B | Pan-am wa Panhandle. . ... rarmi-Fmeis). . [INEET h(soc). Penn Iix Cm2) Penn §2 R (313). Pare Maraci8).. Phila Co pt (3).. Phila & RO& L. "hil Morris(l Phillips-Jon Inillps e s Phoems Hosi Phoenix prii) PrerenArrow Pieree Arrow nf Pieree Peteolin Plllshury €1 6y Pillahry pfo6 ;) s Pirts o it T orto A FortoRtieoTob Postum (3) eSO Car pei) Produ & Refinrs Vb Serv N 2) Pub Sery pfes) Puliman Coed), ve Ol (ibe) . Purity Bak(3). dio Corp. . teadime Ry (4) 1teal Silk Hos. . 1ol SUK pET) minen- and MR 2a08) minetniste) 1 Moteit 20y tep )& SO0 Rep 1 &S plei). 1 ynolds Spogs Richfiald Oil¢ toyal D Stdos Lead(13) & SankiK) HL&SE 24 pd (6) StLASouthwest Suvige Arms?) (23 Shattuek I° Shell ( Shubert I | Umon 1 i West 17 | immons Co Skelly Ol loss-Sh pf nider Packg Co S0 Por Ric S(¢ South Calif 134 South Datries B outh | 6) 1 outh Ry (87.... 1 South Ry pfi3), puns Chalfnt, . Spear & Co Spicer Mz . td Com Tobi(3) S G & B (315 St G & Epfid). Std Milhing )., Std O Calt2l).. SWOINS i1 ). StAOINY (1 60) Std Plate ¢ Stanley Co. ... Stewnrt-War(6) Studebaker i), , tudebak pfi7) Submarine Boat Sun Oitni) ... uperior Ol ... ymington. . ... ass. Tenn Copper1). Taxas Corpnii). Texas Gulf Sul(e Tex I'ac C & 01l wx L Trinew) Thatcher Mf3x. hied Avenue, . ‘homp J iR43.60) idewater AxOfH Tid W ASOiIpf (6 ) r Ol 80 Timkenttd). ... obac Prodim) ‘obac Prod A7) 1 ranscomt O} Transue & W) Trieo Prod 2 i) Twin City Ri4). Udwd 121 Fray .. Unton Carbi6) .. Un O1l Calezy. . Qo) Un Pacific picd) Utd Biseurt 1 60 UtdCxrSi CBue) Utd Car St pfi6) Dyewoud Dyew pfi7) Fruntvh iy ) Distributing Distribpf(7; S Hofimunid) Aleoholii). 1 ther. ... ther A, . S Realtyd). ., S Rubber. ... Rub st pf. . meit (315) eet(?).... 1 eel pfe7) 1 o 400x Chem (1) Vietor Taikz 1) Va-Caro Chem. . Va-Car Ch pf(3) Vivaudou Co. .. Vulean Detin, ., Wabush 3 Waldoi fe1 %) . ward Baking B, Warner e A. .. Warner-Que Warcen Brosi4) Wb Heil pfe7) W Henn B ACT) W Penn K1 plo6) West I Poch) West I' o pl(1) West Mary land cifle. ... West Union 8). | 41 KT 100 107 101 Hizh " i 02 07 1 (T Bl o 2004 1% 143 114% 10 394 100 i E 161 100 107 101 108 4 N 100 20, 290 4% 1l Westhse A Be2) 4% 4y Westinghsed), Westhse istoi), Waostd White Motors(l White Rock () White Sew Mach White SM pfii) Willys-Ov1.20) Wilson & Co. ... Wilson Co pf A, Woolwortheh). . Waorthn Pump Wright Aeroc2) Yellow Truek. .. Hourly Sales on 1o P pm Dividend Are (e an i ol [ 119,600 GN.000 B T tparkly ¢ 00 preferred W hwid O vesr sock ¢ Phi whie wher ned ok f Plus 10% tock b Partly k Plux m Pavanle | Ciuar Slores I sloek Inity 17120 Electrie 2 & . Low 14 14 139% Rit 194 LGS 164 West Duiry B URY, 2N, 100y 1848 Aty Tpm I the woove Labie i v cenulis stoek n i “hare 10 share comm 821y 1 T4ty [ o stk P cash Close B2 17 i 161 100 107 0 10% e 90 rit 1 N. Y. Market. on the wlnations hatos § Piun ook u Pl Brush Profits Decrease. NEW phylactic share on agninst Net profit $343,619 YORK Brush the 2,67 In th decling August common Co. enrn n he first od Lo 10 0P (S} half half of $281,340 Securities Firm Gains. NEW YORK. August United « e Htates & Forelgn 10 \ ) Pro- a6 1 from The Securities srporation earned $3.42 a shave on | common stock In the hall year, in contrast to 40 conts n share o year igo SILVER QUOTATIONS, NEW YORK, Au; it 10 STOCKS GO HIGHER Sharp Gains at Close in Face of 8 Per Cent Money. Chrysler Up 9 Points. BY GEORGE T. HUGHE: Snecial Dispateh to The 8 NEW YORK. August 10.—Checked temporarily by a rise in call moncy from the 7 per cent renewal rate to 7%, and then to B cent maurket mad the end Los: wore throughout the st tant was that in General Motor: market was not weak, however ome stocks, chief of which sler, w confidently bhought Lo the end Chrysler the day day. Opening arotnd e seattered liberal! The most impor- ™ nd Chr right up Al 04, was up 9 points o teel was in good demand a prices were higher ail Call Money 7 Per Cent renewed at 7 per cent ealling of loans early it war predicted that he rajsed before the money There was some in the day and the rate would oming down to Individual stocks, the feature was the strength in Chry! Motors, Chrys=t wa volume, 1t had clowed Thursday ot #5 Before noon today it wan selling above 90, the highest on rec- ord. A block of 16,000 shares vis taken At 90 and even while the rest of the st was renctionary Chrysier was always upported General Motor ferent fashion points in the rushed to cover ness in General bought in hug: moved In a very dif It was up some two enrly trading ax short but later op it canw down to show i lows on the day. Trader either believed or belleved that other people would belleve that the injection of polities into the affairs of the cor- poration was unfavorable. The financial statement of the corporation, published avernight. revealing as it did a tion of extraordinary strength and pros- perity, was lgnored Next to the molors the attracted the most attention because of he sidden demand for United Btates Bteel which carried the price up above 141 for a gain of some 2 pointa. Hteel had been heavy so long ! that its strength today created much comment At noon the steel stocks This wa unfilled tonnage state- ment wes glven out. It showed a de- crease of 66,082 tons, which was ls than bad been expected. As of July 31 unfilled orders amounted to 3570927 tons. compared with 3.637,009 tons on June 30. Other Monigomery Ward cre first time in its history. Radio advarced | 4 points at the start. reacting Columbia Gas and Consolidated Gas | were strong among tie utilities in the railroad scction St. Louis-South- | wesiern starred with a ris: to 95, a record high for all time Sugar stocks, while not active, were lower. Cuban American Sugar made a new low for the year. Tssues. ssed 199 for the TODAY'S MONEY RATES. NEW YORK. August 10 money, stronger; high, 3; low, 1 rate, 7: closing bid, 8. Time loans stronger: mixed collateral, 60-90 davs 6'4: 4-6 months, 6',: prime mercantjle paper, 5%,a5';. Bankers' acceptances unchanged SHORT-TERM SECURITIES. (Reported by ) & v ruling Selizman & Co.1 Bid Offer 35 1952 1000, 10 Kad:slor 41,8 1947 971, 98l 987 Alumgrum Co. of Amer Auiertoar Amer. Tel & Tel Co 45 199 Anaconda Copper 65 1979 Balto. & Ohio 4155 1933 Batavian Pet. Corp. 4'ss 1943 Bell Tel. of Canada 55 1953 California’ Pel Corp, 3'.s 1938 Canndian Nat. Ry Co. 41ss 1930 Cunadian Nor Ry Co 4lis 1933 Ches. & Ohio Ry, Co 4'as 1930 Columbia Gas & Elec 5s 1937 Cudahy Packing Co_ 5'.s 1937 Duauesre Lightins 4':s 1 Edison 11 _Bos. 4%.s 1930 Erie Rwy. Co. 7s 1920. .. Gen. Mot Accep, Corp. 65 1937 Gen. Pet Corp 5s 1940 Goodyear T_& R 5% 1957 Grand Trunk of Can. 6 1936 Gulf Ol of P15 1937 Humble O1f 5t.s 1932 Mass. Gas Co.'$'us 1946, New York Tel 65 1941 Orezon_Short Line 4s Pure Ol Corp.’ 5s Shell Union Oli Co. s 1947 Sou Pac R R. Co 45 1979 Standard Ofl N. Jersey o3 8t. L. Ir. Mt_& So. Ry Switt & Co_ 55°1982 Union OIl Co. of Calif Sy 1025 U, 5 Smeiting Co 5143 1935 estern Electric Co ‘3¢ 1944 | Westinghouse E. & Mf. 5s 1946 Wheeling Steel Corp. 5.5 1948 INVESTMENT TRUSTS NEW YORK, August are today securities of Investment trusts, holding 1939, 193 7 1946 45 1020 10.—Following and finance companies and insurance | North Getman Liovd companies Bid. Asked Am & Brit Con com 3 Am & Biit Con 50 A & Brit Con 8 rs. Financinl 15 1 of Am Bankers' 1hv of Am deb Candiun:Banksty. Tne Coloninl Invest Share Continental Securities Diversified Trusee Sh Diversitied ey Bast Bankers ¢ East Bunkers' units First Thvest A bf Fixed Trust_ Shares Greenway Corp. uway Corp pid Intercont Tav 6 units In Sec Co.p' Am 8is In Sec Coin Am ' In Sce Gorp Am A I Sec Am B Tnvest Trust N'¥ Joiet Sec Corp B units Jomt tovest bue W Tivestors I Tovesting Pacific Thvesting pe 4 Financial Invesi nd Second Tnt Sec Stuwmut Bank Ty Standard v Corp U8 % B Il ets 5 Blee Lt & Pow Shares A 8 Shares A i S Shares B A Shates pr L umits ot T i 63 90 81 94 9 " 10 0 P 214y 109 113 % 8 Bhares Cana HOLDING AND Founders i an Rk FINANCE COMPANIES. Trust 108 Trust 6 a4 Tust 7 0 Corp_units Alllance A ex ris Tndus Secur Fin & Indus Seeur pi Fin & Indus Secar wairants INSURANCE iFee Lije Nowark Alhiuice [ Automobile Hultinore Camden | Carolin iy of N Y | Golonius ‘st Gommercial © Continental Eagle Fld & Cas Fid '\ Den 1 Pheniy emen auklin Qe Rein Glohe & R ar American. Munover Harir'd Hume Tinn Loy i i Contin Credit Fin & 18 109 104 1 COMPANIES. 150 50 " 330 a3 i Actina Aetn Am iy Am A Anieric Vive Fire Nat Nat Fire Amit North Amer Northwestor Publie Fiee Relianee Qs Anvinefield Htuyvesant Sun Lite Traveler U8 . U8 PFdsa 1o 1 104 0 1800 1840 1) o N Vo 1390 L 80 | today’s stock | # remarkable showing at | | Several ¢ Corporation colncident with the heasl-| post- | later | g while | (. —Call | | v E}ANAL WHEAT CARGOES DOUBLED WITHIN YEAR | By the Assoclated Press DESPITE CALL RATE Twice as much wheat moved east- | ward through the Panama Canal during | the last fiscal year than in the pre-| vious 12 months and that grain took | rank as third commodity in point of | canal tonnage, being exceeded only by | mineral oils and lumber in the order | named. Statfstics announced by the War De- | partment yesterday showed 3.035,084 | | tons of wheat went eastward through | | the canal, practically all of it destined | for continental Europe or the United | Kingdom. Canada produced 1901241 tons of the last year's tonnage, while United States wheat totaled 1,124,588 tons. Since 1922 the eastward wheat movement_through the canal has in- creased 277 per cent SHIP LINE CHANGES. Managzement of B, C. & A. Shift- ed—Auditing Office Moved. BALTIMORE, August 10 (Special) 1ges have been made in the management of the Baltimore, Chesa- pe & Atlantic Rallway's steamboat services on the bay and ributaries out of Baltimore and the ~Pennsylvania Raflroad, owner of the lines. is spend- ing $250,000 in modernizing the craft The Pennsylvenia Raliroad gained control of the steamboat lines and the B. C. & A. R R. on the Eastern Shore at a public auction early this year The auditing department of the boat lines has b ed from Baltimore o Philadelphia, while George M. Smith, | superintendent of the Maryland divi- sion of the Pennsylvania Railroad, ha: been made superintendent of the boat lines Supervision of the railroad lines on stern Shore has been given Lo Graham, superintendent of the Delaware division of “the Pennsy nia Railroad. The railroads that were turned over to him were the Baltimore Chesapeake & ALl and the Balti- more & Easton Rallroads. LUMBER MOVEMéNT. Trade at High Level Last Week, Says Producers’ Report. The national lumber movement in the week ended August 4 continued at the high level established earlier in the year, the National Lumber Manufac- ers' Association reports Production gained slightly. shipments dropped about 6000000 feet and new business was steady. compared with the week before. Unfiiled orders of 267 Southern pine and West Coast mills were 710.177.729 feet. against 690.936,- 270 feet for 263 mills the week before. DIVIDENDS. Pe- rod Par- able. pt. 39 Hidrs. of record. Sept. Sept. Sept Auz Aug Rats A Locomotive. .52.00 Do pf Am Raiixay’ Ex Bastian Blessin Baton Roy of. A rach (E Sons Brill Corp. 7 C. R.L & P. R.S150 ith Ave. Bus Sec veral Motors Do 6. pt Do 6% deb. Do ‘i pf Iden Stare Milk P Aug Aug Sept Sept Aug Oct Oct Oct Aug G Sent July 3 Sept Sept Sept Sent Sept Sept Sept Rov. bf N. ¥, Trans. N.Y.8team 36 pf Do §7 pt Omnibus Corp. pi Parafine Co. Do Pere Marquetie Do pf 000070000000 0OOOODO0D O LODD, bl new (i Do pi new So. Pacific R.R Truscon_Steel pf Under -Ell, Fisher Do pf. B Do pf Unton Pac Do v >00000000! R.R ot i B & Share Do . Do part bt Do part pi 8. Reaity v W R Min. SPrings. 8 g GERMAN BONDS AND STOCKS. Special Dispatch to The Star NEW YORK, August 10.— Bld. Asked | Ger Govt Red Loan with draw | Krupp bid and asked quotations on | 1L per 100 R M Ger Govt Red Loan ~withiout d ts per 1.000 R M 2.00 (Quoted iu dollars per million Warks ) Hamburs 4:us 1919 25 s 25.00 3500 Quoted_in' dollars per thousand marks ) Ger Gen Elec 4l pre-war 2200 23.00 Ger Gen Elee 41ss 1919 35 300 Berlin 4s _pre-war Q0 w00 Hamburg 3s. 3us & 45 pre-w 1.50 Hambuix American Line 4 North German Lloyd 4'ss.. 55 1921 Dusseldorf 45 pre-war Frankfort a-M 45 pre-war Munich 4s pre-war (Quoted in_doliars per £ G (Ger Ge Elec) er Ge Elec). pfd B Commerz und Privat Bank I G Farben Disconto Gellsch Berliner Handei Dresdner Bank Deutsche Bank Darmstaedter Bank Heyden Chem .. Mercur Bank Vienna. (11111 2000 30.00 100 100 41.00 .00 25.00 300 41.00 11.00 00 130 00 A &0.00 11.00 60 1430 5.00 13.00 80 1600 Austrian A E G (Gen Elee) 1.00 JOMN JOY EDSON, President Organized 187 Assets . R Subscriptions for the 95th Iss | SAV Lay your plans now for financial - dependence by open- ing an account in the M, Equitable. Start now, today. 915 F Per Share Sl TRADE PROSPECTS BELIEVED BRIGHT Retailers Look Forward to Increased Business in Near Future. BY J. C. ROYLE. Special Dispateh to The Star NEW YORK, August 10 ‘The sat | factory condition of business is shown today less by the volume of | booked than by the fact that c tions have been extremely s the retailers seem to expect a fin ume of trade. They are not stockin with large volumes of goods, but have well selected lines on their and know they can replentsh moment’s notice. This assurance is the one ! is keeping railroad earnings up at moment. Freight loadings are ir ing, but for the year as a whole have not been equal to 192 been far below the volume However, they are due to improve now on. The farmers are crops fairly freely. although ains, notably wh fruits are quoted some holdings for h Cattle and Hog Sales. Cattle and hog marketing: but this can continue only a short time as the supply is notably short as com parad with last year. The cotton report has disrupted the goods market, but thi line of endeavor was so disrupted ready that th cffect was dicoun by the remainder of the business body Building is keeping a most astor ing rate, and within the next month the most ambitious program for con struction and improvement of highw that this country ever has seen be under way. The cement indusiry is expected to turn out around 174.000.- 000 barrels of cement and around 27 to 30 per cent of this will be used on streets and highways. The brick business has shown a slight better- ment and Jumber is doing well Steel production is proceeding with- out a check, and is responding to bet- terment in the oil fields, in buildin: and to the strong tone of the automo- bile industry. The leading automobile producer is employing more men than ever before. The second largest pro- ducer, who has had difficulty in at- taining high production, now is third in the matter of new car registrations Cars Shipped Abroad. The number of cars shipped abroad is exceeding that for any vear known in the industry. New models are hav- inz a decided appeal. and sales are better distributed among the various companies. Demand for the nonferrous metals abroad has had a fine effect on positions of cop lead and 1 Prices do not show any decided im- provement, but the tone of the market is much more encouraging. Bra makers predominate as buyers in local markets. As to zinc, galvanizers are buying only for a brief period in advance. The tourist season is turning out to be the best in years. That means that more people than ever before are leaving from §10 to $50 a day on the average in towns along their route ‘The visitors to the national park undoubtedly establish a new record. Retail Trade. retail trade is coneerncd me of business is tho oughly actory. Il merchan! anticipate a Grop in this in-between sea- son. but it has not yet made its appear- ance in many sections and it is doubtful if it will. This does not mean that a districts are prosperous. Th> coal ter- tories are not doing well. Neither are oil, railroad equipment, shipping. street railways. women's ready-to-wear goods and cotton tex All of these a dropping back intead of improving. SOVIET GRAIN PROSPECTS. zust MOSCOW. Augu: 10 (Special) What began as one of the we ars in Soviet grain ory now has turned into a normal year. The loss caused by bad weather in the early Spring has been largely recouped by prompt re- sowing. An exceedingly good crop Siberia has offset the serious loss in the Ukraine It was estimated today that the total crop will exceed last year's crop of 76.- 750.000 tons. and may possibly exceed the banner vear of 1926, when the total was 78,300,000 tons. In othsr words, the danger of a critical shortage. whica was freely acknowledged in the early Spring, now seems to have been over- come. PARIS BOURSE PRICES PARIS, August 10 (#).—Prices moed Irregulariy on the Bourse today Three per cent rentes. 68 francs centimes; 5 per cent loan, 93 francs centimes. Exchange on London. 124 francs centimes. The dollar was quoted at francs 591, centimes, up they em al a hat some of thany of to induce er prices are fr 5 20 24 P2} WALTER RATT, Ir, Secretary 48th YEAR COMPLETED Surplus & Profits. . §1.578,070.03 ue 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 sys. tematic plan a helping hand to accumulat money. Street Detached Two-Story House in Brookland 1313 Lawrence St physician or dentist rooms, bath, sleeping Conerete house and 2-car t. by 150 fu at the price. office, ce ltis a Real Evate Loany Invurance \ AN wrage Fo inspect g / REALTOR N.E,, ideal a Fhe house has 8 y porch, attic and Har under entire he lot is 61 RARE BARGAIN phone Aain 5027 02 WNew York, Ave. and 1237 Wisconsi