Evening Star Newspaper, August 15, 1928, Page 15

FIN “BONDS BENEFITED By EASIER-MUNEYT Soft Spots Persist in Market Today Despite Temporary Improvement. BY CHARLES F Dispateh to The St YORK. August SPEARF. W Signs of ons tempo- today on a hort with aS. off were opped down lower e was tru n the which ha h advanced about a point i mgth in T\ndu’ and d Good- ar bonds | new low There was a large Seaboa: the anda food that the e secured by an in $10,000,000 Brooklyn sit one-year 6 per cent Judg- STEEL MERGER PLANNED. CL E\'EL;; D. Ohio, August 15 (#)— president of the Re- teel Co., and Myron A head of Steel & ‘Tubes, said gements had been completed for jon of a (majority of the stock Cieveland firm by the Republic, to ratification by stockholders ' 1 & Tubes. sub ect of Ste: have your applications |} 1 LOANS ON REAL ESTATE il Immediate Action Courteous Treatment record of 35 years speaks ||| for itse Percy H. Russell Co. 1731 K St. N.W. | | Mortgages Investments JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. — First Mortgage Loans | Lowest Rates of Interest and Commission Thomas J. Fisher & Conplay. Ine. | Money Available for FIRST DEED OF TRUST LOANS | On Completed Propert: for Construction Use Reasonable Interest and Commission Rates I JAMESF.SHEA | 643 Louisiana Ave. N.W. ‘ and ||| FIRST & SECOND || TRUST MONEY Complete Financing ..‘l«' both FIRST and SECOND —APARTMENTS —BUSINESS PROPERTY No Appraisal Fee Prompt Service ( Real Estate Mortgage & Guaranty Corporation Main 140 26 Jackson Pl LOANS | Utd Kingm 53%s 29, | UtdKingdm 5498 37 | UtdSteam Copen 68 | Anaconda 1st s | Barnsa. | Cuba Canecv 7s. | Loriliard (P) 7s... | Midvale s | Nor Ohio Tr & L 68 UNITED STATES. Sales. Righ, Low. Close. Lib 3% - Lib1stays Lib3d 4%s. FOREIGN. Sales. High. Low. cma 8 A . NI | Argentine 65 Octs Argentine 6s A. Australia 414 56 astralia § Australia 58 Austria 97 4 100% 1008 100t 105 104% 105 107% 10T 107% 105% 105% 105% 114 114 1140 Botivia ¥s. 105 1047 104 | Bordeaux & K Brazi} 645 1926 Beigium 6s. Belgtum 83 100% 100's 1005 § 1080 1081 108% 100% 100% 100% 105% 105 105 100 100 100t 1024 101% 102 334 St a9y Canadas 5s 1931. Canada 5s 19. Canada 5 a5 1323, Chile Ts 1943 Chinese Gov Ry 5s. Columbia 63 1961 Con PPow Japan Copenhagen 4 Copenhagen it zecho 8s 1951, Danish Munic 8s Danish Munic 3s 5. Dute 96 102 96 96 1011y 101'a « 1103 1101 '« 110% 110% i 110 10 Duteh East 1 8s 6 103 Finland 5les. . Fintand s € bs Fuiland Frameric. Frencn 7s. French Tis.. German Ts. Ger Am Bank Haiti s..... Holland-Amer §s. Hungary 7 3s... Irish Free State bs. ltaly 7s... Itatian Pub Japanese 63 Marseille §s. Wy 8 a9 | Mexico 4s 04 asntd. 5 | Mexico 45 10 asntd. Milan 6ls. Netheriands s 54 New So Wales New So Wales o8s. Nord 645, Norway os Norway bl Norway 63 1943... Norway 6s 1944, Norway §14s 11 Orient Dev deb 6 100 1004 1000 | 106 106 106 115 114 115 T 106% 106 99% 99% 6 100' 100 103 103 100 103 4 101 W 96 943 100 N 100 L B84y 9Ny 108 103 103 1021 1025 1024 1021 102 o2t v Qi YA eal 102% 102% 1025 90y Yo b 100% 1008 100t 1081a 104 1041 a2 Bl na'*. a8 | 100 Paris-Ly-Med Peru 6367 wi. Poland Is (rets) ... 1 Poland 8s Queensiand 7s. [0 de Janeiro 6% s | Rio de Jan 85 1945, Rio Gr Do Sul §s. Rome 64s Sao Paulo 8s 133 Saxon (PW) 7s Srrmwrmelans M 106 lle 105 Serbs Crot Shinye:! Sotssons 6s 103t 104 112 103 108 1 1034 104 1 987 ®0 904 9 118% 119 Tobo Ei Pow s Toki0 58. .. Tokio 8% 1961, 904 119 GG 051062 O e B 010 e e 9 | 1094 1094 1094 | ¥ 3 964 96 9% | | MISCELLANEOUS. | AmAgriChem Ti%s. 6 106 105 105 | Am Smit& R Ist 58 1x 102% 102 102 [AmSmeit& R6s.. 2 108 1081 1084 | 96 Uruguay 8s....... Yokohama éswi.. 9 98 UM Y 9 104% 10343 104 19 103y 103% 1034 | 27 wfl. 106 106 3 Am Tel & Tel 5% Am Water Wks Am Writ Paper 6s. Anaconda cv db Andes Copper 7s Armour&Co4 44839 Armour Del 5%s. . Associated Oll 6s. . 1940 Bell Tel Pais B Bethiehm Stl pm bs Beth Steel 5138 53. | Betnlehem Steel 6 | BKiyn Union 6%s8. 260 260 260 | Bush Term Bldx 58 6 101% 100 100 Certain-Td5}srcts 6 91% 91 Chile Copper 5. 21 5 Col Gas&El deb Cen Coal Md 15t §s. ConGas N Y 5% 101 i 105 102 101% 102 104% 104 104 104% 105 Tole o4 8 T8l 105% 105% 105% | 98 9T 9T | 96% 931 965 102'% 102 102 1 1075 10T5% 107% Yoi. W 90 9% 99 99 1014 101 101 Cuba Cane 8s. Cuban Am Sug 8s.. Dodge 6s. . 598 tiast Cuba Bug 1348 47 Gen Mot Ac Cor 6 Goodrich 6148 Goodyear 53 Humbie Oil bs. .. Humble O & H 6%s8 iltinois Bell 18t & 1llinois Steel 4 Indiana Steel §s. .. iuti Cement 65 48.. Intl Match b8 47 ts. . 103 103 103 102% 102% 10214 93 928 ui 113% 112 106' 106% 106t 1013 101% 101% 101 101 101 103% 1034 1035 13 113 113 102 101% 101% 103% 1 99 99 B615 864 1034 103% 103 9915 B 99 10744 106% 1065 1004 1004 1007 100 100 100 101% 100% 100% 101% 101 101 1024 1024 10214 99 99 e 2% % Tik 102% 102 102 EEEN 97 Pl D% D1 1044 104 104 J Kayser & Cob%s Kan G & K 68 62.. liackawanna St bs. Laciede b Lactede G 5igs 2., o IO T o 1 T ey Louisy G & K 55 53, ManatiSug st 14%s. 1eel bs. .. Mout Vower deb b3 Mor's&t’o 15t 4148 N Y Edison b8 44. [N Y Tel 48 N Y Tel6s4l. Norin Am Edis b8 Nor States Pow bs.. Paramount §s 1947 Patne Exchange 18 People's Gas bs. . 20 68 61 w 1 ips Petro 5148, erce-Arruw vor Hie Am Tob 68 Postal lel & Chlks Public Service 4 4 s IemingtonAr 63 32 T 11 9% 119 97% 99 S8 1 G 1091 10013 | ! 102! ben & Rio G on 4 130 | THE EVENING [owwon BONDS o st Received by Private Wire Direct 8o The Star Ofice B & O 53 2000 D B & OSW 5 Brooklyn Bklyn Man| Canad North Canad Pac & Chi&E U1 &0 ;.mm West ChiM&St cm {Ch & NW re Chi & D Chr & NW s 1Chi Rys 55 {C& Wishs JCCCRSIL 4128 1C& S ist4s uba R R 5s. [Cuba RR 7 Cuba Nor 53 | Den& RioG 41 Tie eVt nd Trunk B&Orf imp 6 50. v 614 at 8s. Can Nat 4143 30 Can Nat 4193 57. Can Nor 4158 1935, Can Pac 4149 46 Car Clineh&O 6s §3 Central Pacifio 4s.. Cent Pac 15t 53 90. 45 Chesa Corp 63 w 1., § Ches & O ev 4gs.. =" | Ches & O &n Chi B&Q zen 4353, CB&Q4ksTTB.. 4 STAR, WASHINGTON. D. O, WEDNESDAY, Sales. High. Low. o3 100% 1000 1 1085 108'3 11018 1014 Brooklyn Elec 6158 6 s 15 ) 100 0 1014 20 5351, 4559, 3 5C €58 Whlas 63. SUP rot 4 lgs¥9 ChiMIISP&Pachs 15 CMSP&Pacadi 5503111 Chi & NW gen 4s... 55 105 109 9% ChiR1& Prfdas., Chi T H ine 6s 60.. { Chi Union Sta 58 p 1 sets. ... | Great Nor gen 7s. 106% 106's 106% | Green B & W debB | Hav EI Rty 106 | Hud & Man a) 5s U9 | Hud & Man ref 53.. CCC&StLrf6s A, Clev Term 5s. Clav Term 518 S67 w ., 977y | Fla Bast Co9 T4, 1l Cent 4% 966.... | 111 Cent Chi 4 11-C s Int Rapid Tran 5s. Int Rap Tr 58 :lDd. | Int Rap Tran: Int & G N, Int&Gt Int RysCA & | Int Ry 96~ | Int Rapid Tran 2 | Int Ry C Am 68 41. > A 648 ret | lowa Cent 1st js. Kan City FtS 4s, | Kansas Cit | hansa Ci Ka S s S 5s 1 City Term 4s. Lak- Shore 4s 28 ehigh V - StL&NO &8 Lw\ sh Val 35 2003. * | Louis&Nash unt 4s Louis & Nash 7s.., L Mii Ei Ry & L 58 81 StL ref 4s. . Minn & StL cn 5 M SUP&SSM cn 48, satd Market St 7s MStP&SSM: M SLP & SSM W MK & T st e 6. MEK&TprinssA. Mo Pacific gen ¢s Mo Pac 53 A 6 Mo Pac bs F Mont Trm ref 58 41 Nassau El 48 51... sl 98% 58 104' N ¥ Cen gen 3las.. Y NYCrfima}s... N Y Centrfbs. NYChi&StL 5 | NYChi&StL b%sA. WsB. | NY NH&H ab 45 57 INYNH&H ths. NY NH&H cit 8s. . NY NH&H cv db 6s N Y Ont W 1s NY N 1tys Ry N Y State Ry tés 4% NYW&Bays. Nor & S gen 55 84. . Norfolk & W ca 4s. | Northern Pacific 4s | Northern Pacr16s l 2 Pennsyl Peausyl 64s. | Peansy goid T8 | PCC&SIL 03 B Portland €I P L Readiug ken 4%s.. 28 StL&S ¥ pl | RIArK & L4%as.. ISt LIM&S 4s29... w | St 1 M&S gn o831 22 SUL IM&S R&G 48 A. StL %S Funcés SLLS W 1st StL S W con4s 32, 48, 104% 1041 1041 | NY O&W gen 45 55. o 5 | Am Sugar Ref §5..100 103% 103% 10: . | Ure Short L rfs 4s. 101 | Pennsyi 3 10 28 54 |StL&SFransisize |StL &S Fprinbs, 45 .38 2 11 a-n A& AenPds.. Sou Pac 4 ¥%s Sou Ry gen ¢ Sou Ry Cou b Sou Ry 65 56. exArk FS 5 | SB All Fla 6s 35 B. | Sou Pac 48 2y ret s %3 50. |Tex & Pac ow B 1977 113 103 | Tol Tr L&P 5445 30 | Unton 1 Union Pacific 4568, Un Pac 448 67 | Virginia Ky i3t 53, Whash 41,878 rets Wabash ist bs.. Wabush blan Western Md for cholce Butehers, | pounds, 11.85a12.8 12.80; Cattle 2,000; fair demand; ing lower, | steady. Sisughter _classes, Wabash 68 76 B, 5. [ Hogs—Receipts, 11.65a12. 160~ 130-160 _pounds, Packing sows, 10.30a11.50. Pigs, medium to choice, 90-130 pounds, 10.50a12.00. Receipts, 10,000 head; calves, cholce steers and yeariings in full steady at 15.75a16.50; others very draggy; she stock slow tend vealers fully bulis c 1strf 48 1044 891y T West Marydnd 4s. Western Pucific b8, West Shore 45 2261 Wis Cen gn 48 49.. | CHICAGO LIVE STOCK MARKET CHICAGO, August States Department of Agriculture).— 10,000 head; market fairly active, mostly 16 to 25 higher | than Tuesday's average; top, 12.80 paid 180-225 pound weights. medium to choice, 5, 200-250 pounds, 15 @ 200 pounds, steady; steers, (United 250-350 11,002 good and WHEAT PRICES SAG; Closs. 100%: | Market Forced Down by Din 1081, 1010 9t | a4 | crediting of Frost Reports From Canada. | By the Associated Press. CHICAGO, August 15.—Wheat tool owing chiefly to failure of frost to velop in Canada. Besides, export bu \ | spective world supplies. In the ¢ a result of coming {r and Sol ice at times today > | favorable field reports 6% | Towa, Illinols, Nebraska 84 | Dakota. 68% 1 Wheat closed heavy. 1% to 95 I net lower, corn unchanged to 2 93% | off, oats ranging trom one-fourth ¢ | decline to a shade advance and pro | sions at 20 cents set back to a of 12 cents, 103 WHEAT 108 | September Oecenber March May 832 CORN September ...... December Mareh September December March (new) (new)... 2] September December March 23 CALL MONEY WEAX NEW YORK, August 15 money weak: high, 7. low, 5%z rul closing bid, 5'.. Time loz : mixed collateral, 60-90 da; months, 6's: prime paper, 5';a5's. Bankers’ unchanged. INVESTMENT TRUSTS NEW YORK, August 15.- Am & Brit Con com Am & Brit Con 50% pr Pl unils B, % i 80 99 Continental s 105% | BiVersided Trusiee Shares 5% | Diversifled Irusiee Shares B units. 1 6 f | In Sec Corp Am 6lu'- pi rp Am 6 D Corp Am A ex div Amer Founders Trust Amer Founders Tr8st 8'. pi Amer Pounders Trust 1% pf | Contin P Corp uilits Credit Alllance A e rts Fin & Indus Secur Pin & Indus Secur pf Pin & Indus Secur WaTran | INSURANCE yCOMPANTIE: Aetna Pire Aetna Life Am Ins Newark Am Alhasce Am Remsur .. Automobile Balto-Amer Camden Fire 4 49 L is9 5874 104% Sl 9474 9813 108 Hartford Pite tlom Imp & Bxp. . Liovds PG Ma | -w,.l (Puumly Net Reaierdam Y Cn N.X Fire | Niagara North Am rican Northwestern Public Fire Reiance Cas N J fleld sSorine Stuyvesant n Lif LA H Spectal Dispatch to The Star. NEW YORK. Ausust 15.-- Land Bank 4s May 1958-38 Land Bank 4s Nov 1957 Land Bank 445 Jan. 19 Bid As 9504 Land Bank 4'as J&J mnopa: Land Bank 4% Jan. 19540p34. . Land Bank 4%, July 1954034 Land Bank 55 Nov. 19¢1op31 Land Bank 5 May 104lop3l 1 1005 solidated Film Industries, Inc., $1 a share on the common stock in PACTS \GTON WASHING ) 11,608 PRI 2.85. CLOSING IS HEAVY decided downward swing in price todny ness today in wheat from North Amer- ica was slow, and a British authority was out with a forecast of large pro- rorn et new crop deliveries advanced In (P —Call 6! mereantile acceptances Asked FEDEBAL LAND BANK BONDS. NEW YORK, August 15 (#).—Con- earned half year, with net profit of $701,376. i A Fleming—- in The Sunday Star of August 5th Commodity News Gratm, CHICAGO, August 15.—The outlook n Hlinols tx for # corn crop of 360.- 814000 bushels, compared Wwith 254.- 000000 producsed last year. The State etion of Winter wheat 15 set at 7,100,000 hushels, compared with 30,- 850,000 produced in 1 Tice, SAN FRANCISCO. - The California Rico Association has announced that poor standa and foul conditions will re- duce the Hiate's 1028 crop to approx- imntely 800,000 hags below the 4,200,- 000-buk crap theanhed tn 1927. k n de- 18t Live Stock. ' Calf receipts this year on the wi Worth lve ket are showing a steady wain, weekly and monthly, over broad demand. with satisfactory prices, extsts. The increase during the first six_months of this year over last is 131,000 head Calves are averaging 355 pounds and are selling from $11.75 to $12.50 per hundred pounds. Potatoes. CADILLAC, Mich.—-Members of the Michigan Certified Polato Grower: sociation are receiving record prices for their certified seed potatoes, with prices ranging Irflm ‘2 to II 45 & bushel. Washmgton Stock Exchange FORT WOF less om uth cent v ris Washington (ms 09« “A"--$300 at 102'y. Washington Gas 6s “B"-~$6,500 at 106. | Capital Traction Co.—5 at 104 | Chestnut Farms Datry pfd.—50 at 104. Potomac Electrie 65 pfd—4 at 111'5. ing | Washington Gas Light—5 at 939 ans | Merchants' Transfer & Storage Co.- at 128 Mergenthaler Linotype—100 at 1001, 20 at 100',; 80 at 100';; 1 at 1004 20 at 1007, 10 at 100's; 100 at 10075, 20 AFTER CALL. American Security & Trust Co.— 456 Anacostia & Potomac R. R. 55—1,000 at 9815 Capital Traction 55—1.000 at 1015, Washington Railway & Electric 4s— 1,000 at 927, Capital Traction 5s—2,000 at 10115, Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Telgn. 4% & Telya. Bid Asked. Tel. 954 Ao Amer A jeorcetown Gas Potomac Elec. st 55 Potomac Elec. cons. 5 Potemac, Elec: 6 x'm i | MISCELLANEOUS. Barber & Ross. Inc.. 61z Ghesinyt Faims Bairt | Chevy Chase Club .'.\‘.a S D [C- Paper Mig. 6 Fot. olnt Stack L 4 Bank s, W.'M Cold Storage 5a. 3 | Wash. Cons. Title 6s. Wardman Paik Hotel 813 STOCKS PUBLIC UTILITY. Amer & Telga Capital Traction Washington Gas e | Norfolk & Wash Steamboat 308 Potomac Elec & pofd | potomag, Elec, sy oid: | Wash & Elec. Ewlah R" & Elec. Dld “en NATIONAL BANK. National (‘hDIVA[ Bank . Columbia .- i Commercial | District Farmers & Mecha | Pederal-American Liberty | Lincoin | Nllmhll Tel. Metropolitan Ll 500 onfl “Nai. Bank of Wash.! ank of Washington. .. .. 3 TRUST COMPANY. American Security & Trust Co | Contine Irust | Merchants’ Bar i National Bucima & Trist. . | Union Truist Washington Loan & Trust SAVINGS BANK. | Bank_of Beihesda | Commerte & 'Savins. East Washington . Potomac gecurity Sav. & Commercial Seventh §l|l‘el United Stal w.uhlnnon MR"AI\M‘\ FIRE INSURANCE. American Corcoran Firemen's il National Union TITLE INBURANCI | Cotumbla _ Title ... | Re; Estate’ Title B & do:'of Md com.! Wash. ‘cons 1itle brd MISCELLANECUS Buiber & Ross. Inc. ked. 35 % Chestnut Farms Dairy pfd Co old .. Securities pfd. . Col, ‘Sand & Gravel pfd..... Federal Storaxe pfd 2 Federal-American Co ' com Federal-American oid. . ... Lanston Monotype : M Iraus & Storage 12 h is & Storage pid ersenthaler Linotype 3 atl. Mtge. & Inv. pld eoples Drug Stores curity Stora Sanitary 2233853552 pid B33, 535535 Medical com Warh Meatcal Blds corn Wood! Lothiop ofd. the Says! Y. E. Booker & Co, investment brokers, members of the Washington Stock Exchange, have just issued the third edition of “Facts and Figures on Washington Securities,” a record of the formation, the oficers and directors of the various corporations doing business in the District of Columbia, capitaliza- tion, stocks and bonds, including listed and unlisted, details as to maturities of various issues, earnings of public utili- ties and in addition, the District in- tangible law A feature of the records, in com- pact pamphlet form. is found in the bank statlstics, giving full details re- garding the various bank shaves, caj talizatfon, surplus. undivided profits, total resources, 12 AUGUST 15, tock mar- | {on | heavy 5 at | 1928.° COTTON ADVANCES ON WEEVIL REPORTS | | Active Months Sell 20 to 25 Points| Higher—Before Realizing. } i | By (he Associated Press. ‘ NEW YORK, August 15.—Eastern belfi | rain reports and complaints of increas- ing boll weevil activity were. reflected in further advances in the cotton mar- ket today. | An early gain was followed by re- | actions under realizing or selling pro- moted by rather a more favorable week- ly weather report than looked for, but the market firmed up again later the weather details showing ve ins in parts of Georgia months sold about 20 to net higher, but the midafte Activ points noon market showed reactions of 8 or | 10 points under realizing. TIGHT CREDIT AFFECTS j FOREIGN LOAN susmsss' ; | NEW YORK, August 15. (Special).— One of the collateral effects of the strained credit conditions in this coun- try is the complete cessation of Ameri- can financing of European and South and Central American loans. This may be a temporary condition, though the fear exists that New York has lost its prestige as an international money cen- ter and that foreign borrowers may. from now on, address themselves more | to London, and later to Paris, than | they have done at any time since the | war. | In the first six months of this year | the total flotations of foreign govern ; {ment, municipal and corporation bonds | and stocks ageregated $933.000,000. This | compared with $585,000,000 in the same | pertod of 1927 and $428.000.000 in 1926. | When money was easly last Spring it was | estimated that this year's foreign loans | would reach $1,750,000.000. 1t is now | doubtful whether they will come within'y $500,000,000 of this figure. e New York, next to Berlin, is the high- | est money market in the World tod The 5 per cent Federal Reserve discount | rate does not reflect the actual situa- | tion, with time money rates at 6!, per | cent and call money ruling around 7 per cent In London the open market discounts are between 41, and 4'. per cent and the Bank of England rate is | 41, per cent. The rate in France, | Switzerland is 3'; per cent, in Belgium | 4 per cent, Holland 4!, per cent, Den- | mark 5 per cent, and Italy and Norway | 51, per cent. The effect of this spread | has been to send funds from all over |z | Europe to the United States to take ad- | { vantage of the profitable loaning rates | here, | 8o long as rates hold up in this coun- | try, it would be difficult for investment | bankers to distribute new foreign loans | | |at a basis of yield of interest to the | | banks, who are their largest customers for such loans, and foreign borrowers would not pay the rates asked in order to make such loans attractive to the | American investor. | SEES FURTHER DECLINES. | NEW YORK, August 15 (#).—There is but little reason to suppose that the downward revision of stock prices and brokers' loans has been completed, and | | much evidence to indicate there re- mains a good deal more of corrective shrinkage to come, says Col. Leonard P. Ayres, vice president of the Cleve- land Trust Co., reviewing business. The annual influence which tends to stiffen money rates in the Fall is now under way, and it may be expected to be of ‘ilngruml importance until mid-Oc- tober. CHICA(}O DAIRY MARKET. CHICAGO, August 15 (#) —Butter— | | Unchanged: receipts, 4852 tubs. Eggs Inchanged: receipt 11 offer judgment. FINANCIAL, gwle-;nds to Large and Small Amounts on Residence Business Property Apartment Houses For 3 or 5 Years Without Curtailment Lend Wm. H. Saunders Co., Inc. Loan Correspondent Provident Mutual Life Insurance Co. 143 3 K Slreel T8 g b i Main 1016 TSR APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia 3 Years or Longer H. L. RUST COMPANY 1001 15% Street NW. Main 8100 AT s HEN you are sick, legal advice, own judgment is sound. Equitable Co-Operative Building Ass'n. JORN JOY EDSON, President Organized 1 Assets . SS,I‘!Q,!MJ’ WALTER S. PRATT, Jr., Secretary 43th YEAR COMPLETED Surplus & Profits.....$1,578, 0.05 Sulncripfions for the 95th Issue of Stock Being Received SAVE Lay your plans now for financial in- dependence by open- ing an account in the Equitable. Start now, today. Write for this detailed booklet vou call a doctor. vou consult a lawyer. No 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 accumulate money. Consult Before Acting For the Consideration of Those Who Value Their Money If you need Yet in the important matter of investment, why is it so many fail to consult or deal with experts in finance hefore investing their funds in securities? one can vou dependable advice and safe securities unless his xpericnce, alone, begets sound The experience of Shannon & Luchs extends over a period of nearly a quarter of a century, and includes every branch of real estate activity—mortgage, rents, appraisals management, construction and finance. \\Hmv sound the judgment gained from this experience, v be measured by the fact that no investor in Shannon (& hlchfi First \Imtgngc \o!ee has ever lmt a penny. 92 | cholee, 1,300 to 1,500 pounas, 14.15a high and low for x4 | 16.50, 1,100 to 1,300 pounds, 14.15a16.75; b9 " | 950 to 1,100 pounds, 14.35a16.90; com- 10115 | mon and medium, 860 pounds up, 9.00a w;-.l 14.35; fed yearlings, good and choice, 750 1o 950 pounds, 14.35a16.85. Heifers, good and choice, 850 pounds down, | 14.10a16.65, common and medium, 8.50 41435 Cows, good and choice, 9.50a 13.00; common and medium, 7.758 950 1, | low cutter and cutter, 6.25a7.75. Bulls, good and cholce (beef), 9.75a11.00; cut- ter to medium, 71.2589.75. Vealers (milk fed), good and cholce, 16.00a18.00; me- dium, 13.00a16.00; cull and common, 1 B00a13.00. Stocker and feeder steer 0od and choice (all welghts), 11.7 3.75; common and medium, 9.50a11.75. Bheep —Recelpts, 12,000 head; aside | trom little better ‘activity on few out- | standing natives to outsiders slaughter lambs little changed; native sheep steady; choice light weight range ewes, 35050 ' higher; ludlng lambs Vi strong to 18 up. Lambs-—Cood and choice (92 pounds down), 14.00a15.15; medium, 12.0014.00; cull and common, 9115 | 8.2512.00, lw»—uedtum to choice 920 | (150 pounds dow ,8087.50; cull and [ 96% 98% ' common, 1.7 nlfl Feeder lambs— bt lm 1004 100% Good and choice, 13.66814.25, f ) m K0 by s war, Sioclair VIl 68 nelalr Uil 6% sinciatr Oil 7 sinciair Crude b4 Bin Pipe Line 6s. .. | South Beil Tel bn Stand Ol N J bn ds SugarEelOrient TennklecPow 6 41 Unitea Drug 6s 63, U S Rub Istrf bs, 33 Wiw DY 9R% 99 99 1015 101 Yty Wi Yl 98 4 103% 1084 103! 102w 102 102Y 9KIn 9K YATa 106% 106 106 Wia O L1 Bily Ve 100% 100% 100 10674 106% 10674 9h 99 99% ELV LAV LU b 101% 1014 101% 11 110 110 110 H101% 101% 101% 10214 102 102 5 107 107 107 Yngewn S&T bs w i, 27 99% 9% 904 RAILROAD. o Issued in denominations of $100, $250, S300 and 1000 First Mortgage Not hearing interest at 6%. Purchasable outright or on easy deferred payments. months ended with June 30 and the book values of the shares In the bank group are included listed and unlisted shares. In the preparation of this work Y. K. Booker and his asso- clates performed a veritable task re- quiring the most intimate patience and study, and at a cost that Is no small matter Mr. Booker, himself a seasoned finan- clal editor before developing Into one of our most successful brokers, has long been familiar with securities and also with the need of such a work, also with its value as an advertising medium. On Imfroved Property and District Columbia 6% Interest in Maryland A Copy Will Be Fur- nished Upon Request ~Without Charge R SHANNON & LUCHS INCORPORAT| First Mortgage Investments Telephone Main 2345 1435 K Street Northwest EAVER BRO REALTORS N.W. Sug I8 nion bu b1, Westo Union 8 Y Westinghouse bs w Y. E. Booker & Gompany Investment Rankers 1508 H Street of W 15th M Street in 9486 Loan Correspondent tan Life Insurance Company 809 | Atchison gen | At & Dan 1st Atl & Da | Atanue 92% N u We Specinlize in Securi ington Corporations Members Washington Stock Exhanos Direct Wire to New Yorl Mortgage Metropol