Evening Star Newspaper, August 17, 1928, Page 11

BONDS ARE AGTIVE | [Coxmew sore_ BONDS stocx secmov] IN BROAD MARKET Transactions Gain—New Is sues Prominent in Trading. U. S. List Firm. BY CHARLES F. SPEARE. Special Dispaich to T UNITED STATES. Sales. High. Low. Close 60 9920 9920 9916 71 1016 101 101 9931 9951 9931 10110 1014 1014 9 9820 98 20 1038 1033 1034 150 106 106 106 100 11 1L I FOREIGN. Sales. High Argentine 6sJusy. 7 Argentine 68 Octs? | Argentine 6s A | Argentine 63 B | Australia 4%s Lib3%s... Lib st 4%s Lib3d 4ys. Lib 4th 4% s s3 3 as 1944, US4ysse. Low. Close. 994 991 | 1’ | Received by Private Wire Direct %0 The Star Ofics Sales. High. Low. Close 961 100% 100% 103% 108% 914 10135 82 Sdle 945 9 15 101 30 103% 3 109 9 9% 5 102 3 8215 1 Bang & Aroos 4s 51 8db | Brooklyn Elec 638 Brooklyn Elev 633 Bkivn Manhat 6s. . BUft R & Pitt 4%s. | Can Nat 4%s 30 { Can Nat 48 57, Can Nor 4 1935, STAR, WASHINGTON, AGTIVITY ON CURB SLIGHTLY REDUCED Market Fails to React to Fa- vorable Conditions on Stock Exchange. BY WILLIAM F. HEFFERN | Special Dispatch to The Star D. C., FRIDAY, AUGUST 17 FINANC Lsadin 0 ¥ AT, Received by Private Wire Direct to The Star Office Following is a list of stocks and bonds traded in on the New York Curb e 'yirmumuu Sales E in hundreds. High. Low. 1 Adams Millls 27 27 1Allled Pack 1 1 TAllison Dr A . 1Alum Co Amer . 1 Alum Ltd 10 Alum_ Ltd S oea 39 Am & For Pow war 6 Amer Arch Co Br Bov EI ' F 8 Dept Stores .. 10% Gas & El .. 170 Hawailan 8 8 10% Laund Mach .. 207 Lt & Tra 208 Nat Gas .18 P & L pf A r Rayon Prod . Roll Mill Close. 17% 55% 1 Amer 1 Amer 5 Amer 1 Amer 14 Amer 14 Amer ll NEW YGRK CURB MARKET | 1Nat Fuel Gas 1New Bradford O . 73 New Mex Land 1Nor Cent Tex Oil 8 Pandem Oil 11 Pantepec Oil 1Paragon Ref 10 Royal Can O & R’ 28alt Ck Prod 12 Venezuelan Pet 1 Woodley Pet. Sales in_ STANDARD OIL 1SSUES AND units. FORMER SUBSIDIARIES—STOCKS. 100 Anglo Am Oil .. 18% 18 1000 Contl Oil 15 17 9000 Humble O'& R ® 80 80 10011 P L. . 205% 205% Imp O ‘Can 6672 6612 1300 Inter Pet Lid . 500 Nat Transit 200 Ohio_Oil 11000 Prairie 0 & G 50 Solar Refin ¥ 2 WHEAT IS IRREGULAR | ON CROP ESTIMATES Recessions Follow Unofficial Re- port on Figures for Present Canadian Yield. By the Assoclated Press. CHICAGO, August 17—Canadian un- official crop estimates, putting the prairie provinces' yield at 531,000,000 to 554,000,000 bushels, led to recessions in wheat values today. The Canadian gov- ernment crop report will be given out | tomorrow, but previous official reports | have been largely comment, and have COTTON UNSETTLED AFTER EARLY GAINS Market Becomes Quieter Follow: ing Opening Advances, but Registers Declines. By the Associated Press. NEW YORK, August 17.—A further advance at the opening of the cotto market today attracted a good deal realizing, with later fluctuations ners vous and irregular. December sold uj to about the 191, cent level at the star or about 136 pointc above the low leve of Monday, but later broke about 4( points, although no change was noted NEW YORK, August 17.—Despite the | improved credit outlook, as indicated | by the drop of over $50,000,000 in the | Jatest brokers' loans statement and the easing during the past few days in lh(\‘ or e bap accommodations, | . e i Gurh Bxchange today did| 1Anslo onl Nitra not. do as well as might have been ex-| 3 Riio"Eus &) pected 3 Auburn Auto PFor a time after the 4 Banie "corp. - movement of industrial specialti 3} Bsaoitaly, Som | lowed closely that of the Stoc 23 Blios B W change, where substantial 3 ’I:lum 8 | were marked up. Thereafte | ing carried prices back over a good part | of the ground gained. However, there | were a number of outstanding favorites, | which gave the market a firm apg ance. o 200 South Penn O 300 Southern P L Kansas r Sol & Chem 8 & C_p pf 3 States Sec A Sta Sec war.. Superp A Superp B r Superp lst 17 Amer Thread pf .. 4Anchor Post Fence. in the general average of the croj news. * “1e midafternoon market was quieter but still more or less unsettled at ne declines of 12 to 18 points. Private cables said there had beer Bombay and continental buying in Liv. erpool on reports of deteriorating Amer- ican crop prospects. Fluctuations were irregular in th: morning, but orders to buy on r iterated reports of deterioration in ¢ prospects were supplied by realizing an¢ prices eased off as the demand slack- ened somewhat toward midday. Decem. ber sold down to 19.25, with the active months showing net declines of 2 (¢ 3 points. CHICAGO DAIRY MARKET. CHICAGO, August 17 (#).—Butter higher; receipts, 10,410 tubs; creamer; extras, |received little attention. Export de- 1. |mand for wheat today was slow and advances which at times took place in future deliveries prices were difficult to_maintain. ‘Wheat closed irregular, !¢ net lower |to e advance, corn 1c off to 3¢ up, oats '¢ to %c down, and provisions varying from 5 to 7c setback to a rise of 35¢. Opening % to NEW YORK, August —The bond | Australia 5s 19 market broadened out today. prices were | Australia §s 13 strong and the effect of a 5 per cent | AUSt!A 7 Canad Nortn 7s. Canad Pac deb 4s. { Can Pac 4145 46 Central Pacific 4s. Cent Pac 1st 6s %0, Chesa Corp bs w1, Ches & Ocv 4 les CB&Q4%s i1 B, 114% [ Chi&E L1 40 68 51. Chi Gt West 43 59. 109 |CMastPgnsy.. { CM&SUP ret 42589 54 | ChiMIISP&Pachs 76 161 CMSP&Pacad) hs03R56 Chi NW 41s 2037, 10 1081 fChi & NW 648 101% | Chi Rys bs. 100 ] Chi R 1 & Prl4s.. 102 (CR1Pac4k%swi, IChiTH&SE Chi & W Ind cn 4 CCC&StL 4% s Clev Term bs. Cuba Nor 5 ! Den & Rio G cn 4 D Rio G West b8 Erieconv 4s B. . rie 1st cons 4s. krie Gen 4 Erie evi bs : 2 Amer mer 17 100% 1001 5 105% 106% 1075 1075 71061 105% 31 114% 1145 1100 1104 106 105 0099w 96 1000 Vacuum Oil Sales in BONDS. thousands. 53 Abitibi P&P 55 98 Ala Power 415 7Ala_Power 55 2 Alum Co Amer 40 AlumLtd 55 Aggre Cor 6s Con Alc 65 A Gas & El 5s.. .. Pow & Light 65 Roll Mill 55 Seating 6s Thread C 65 2 Anaconda 65 A 30 Appal El Pow 55 13Ark P & L 55 42 Assoc Gas & FEi 5 23) Assoc Gas & El 4 2 At Fruit 8s......... 1 Bates Valve Bag 65 77 Boston & Me 55 AC 1Can Nat Ry 7s 5Caro P & L 55 1Cent At St Ser 6'is 31 Cent Btates El 55 2Cent_Sta P&L 1Chi Pneu Tool 5 4 Childs_5s ... 8Cinn_G&E_4s A 15Cit Serv 55 : 1Cit Ser Gas Pip'6s 30 Cit Serv Pow 5lus 3 Commerce Invest 65 9 Commonw Ed 4los D 981, 5Cons G Balt 5.5 E 101 981, 9914 oi 100, 27 o A 90%n 955, 10114 1004 9614 102 13 opening the | Bsill es fol % E 13 off, wheat later scored gains all around. Corn, oats and provisions likewise developed | strength, corn starting a shade to 1'% down, and afterward rallying more than 2 cents in some cases. Special attention was given by many wheat traders today to a statement from the president of one of the largest grain companies in Chicago that the difference in world supplies this year and last Is not so great as to justify any material price change from last year's average level. He attacked ideas | that there is a tremendous world crop, and that wheat should seek an ex- tremely low level. Friends of higher prices for wheat pointed out that Chicago quotations to- day were 25 to 29 a bushel lower than . | @ year ago. It was asserted in this con- | nection that wheat has reached a level ::* | at which it would be reckless to press 2 | the selling side in hope of any very material profit. .18 Son At 18 ¢ 5% 6 1005 1004 5 108 1081 11014 101 1004 100% 102 102 34 34 9l 983 284 96 1o 9 1001 ) Brit-Am ‘Tob reg 27 Brit-Cel. 9Buf Niag & E P A Campbell Wyant xd Marconi W 1on Mills torpil Tract xd lan Cor Am lotex Co a Aguirre Sug ent Put S A ent States El 4 & Bump 6% 33 bonds. July These and, ir . ou' | Bank orhile 614s. renewal rate, compared with one of 7% | gelgtum 6s. . per cent on Tuesday, was to complete- | Belgium 6%s Iv change the atmosphere in mwsl-‘:;:IE::::‘Z:::::“”: nent circies. Belgium Ti4s In the first hour the transactions |Belzium 8§ were twice as large as those in the | Botivia §s same period yesterday Through lhp;“"rfi_u\!xlx fis_‘ ay trading. both on the Stock Ex-|Brazihélas i change and over the counter. was ac- R:.:" i tive and more like normal than it has | Brazii s nificant trend was in the | Bremen State Ts. ¢ some of the newly-issued )Canada 5s1¢ whose markets faded away in |Chile s 1943 hd in the fust half of August.|ChineseGov Ry i bonds were in better demand, |Columbia 6s 1461 Utilities in Demand. es, 1t 3 polits | Con Tow Japan T, | A noteworthy incident was the de- e | mand for several utilities representing the larger holding companies. Electric | Bond & St ity Corporation ad- | vanced more than 3 points when it| crossed 102. United Gas & Improve- | 3, | ment was taken at a gain of more than s | a point, but the demand failed to spread | | to others of the group. | The action of Noranda Mines indi-| cated that the mar for 1(I\l' I\l(l(’k: o G B ad the support of powerful pool in- “ons_Cigar 3 §Gons G Bak Shas 4 & However whest 11\0ux efforts | ol Dairy. P. tET k 1 Cons Tox 850 9612 | failed to encourage a large public fol- Gonsol ¢ 5 S 2% | Jowing, activities on the buying side| sol 2 Cudahy _5izs I | were suspended and the price dropped (S Ben & RO & W 55 B d01, back over more than the ground gained 1 Denv & Salt L % The spe Brothers 1Det Intl 7., 807 Pictures ¢ place of | SEm Q& B bix o2 ) | prominence for the but the et 98 | stock contimued active and nvet support (B Fisk Tire 3is ¢ 102% | on the decline. Around the price 5Gen Leun Ma ', | compared with the previous final of 2 Gon Ravon 6 v | 781, and the recent high for all time | 60 Georgla Pow 55 S0 |of 81. Fox Theaters class “A” moved | 99% | fractionally higher. 86 Motor Group Feature. 3 Goodyear T&R 5 9 Grand Trunk_ 6 . 6 Gulf Oti Pen 5s '47 7 Guif States Ut 5s A 967 1 g#mdt Rub 51; Qe gl quiet _accumulation _noticeable | HouEon Sulf & ek 8 for the t week in Bancitaly Corpora- 111 Pow & L 5%as '57 951 9 | | 98 |tion shares became more urgent, the| B hi 89% | price opening at 1177 on a block of | 9% 13100 shares. as compared with the ¢ | previous final of 113, and continuing | * | active thereafter. i (o8| Franklin Manufacturing = preferred | 03 | featured the motor group, making a new ) is Covenhagen 5s ct.. 103% | New Issues. Czecho 88 1951 A case in point was the Frisco 41gs, | Czecho §: sold above 90, compared with | Danish A t low of 873. Another strong | D E I5%s Mch the German Central Bank | £1Safvador 8s4S.. for agriculture bonds. It was the best | Fintand 5is... .. day to bring out new issues since June. | Finland This favored the offering of the $20,-! Finland 7s.... 000,000 Commonwealth Subsidiary Cor- | Framerican 7% poration 5i:s on a 5.75 basis. the second | French 7s largest of the month | Erench 7148 Treasury issues were firm but not S0 German 7s. buovant as on Thursday. First mort- gage rails were up from quarter to half Point, showing a recovery from the low of the month in such issues as Atchison 4s and Northern Pacific 4s of 12 points. The 4'. per cent and 5 per cent public utilities of better grade were also frac- tionally better. This group was reactionary in the afterncon when call money moved up to 6 per cent The heaviest trading naturally was in the convertible bonds and in the semi-speculative descriptions. Andes Copper and Anaconda Copper 7s ad- | vanced 115 to 1% points. Public Serv- | jce of New Jersey 4!.s rose nearly 3| points. St. Paul adjustments wede | \ about a point higher. The gold 58 | gained over a poini. Such issues as| Norway 6s 1944 Chicago & Eastern Illinois 55, Denver | Nurway 6%s 19 55, Chicago Great Western 4s. Erie re- | oriant Dev deb 6s funding 5s, Missouri Pacific 4s and | o, i) o ned 6s ‘Western Maryland 4s showed gains of | b, 1o 1'v Med 7s. 2 quarter to a point. A feature in the | poic Grieans 7s. . g:l:\u(rial )(i; v\;s a rise of 2 points in | pery s 67 wi. .. .. B Peru 7. Change in Market Aspect. | Poland €s.40.., The change in the aspect of the | porang g3 1o market has been so sudden that i' iS | porio Alesre s difficult for investment dealers and prague7iys traders to analyze the situation With |0 .ensiand 6s Tespect to immediate prices. As always | Base happens in a quick reversal of condi- | k'0de Janeiro 83s ions, the market today was bare of of- | k1o de Jan 8s 1945 ferings, though it had been full of them | FoM® 6% & short time ago. Very few believed | Sa0 Paulo City 8s.. that the current ease in money rates 30 Paulo8s 1436 Tepresents the basis to which prices | S32 Paslo 1980 must be adjusted for the rest of the.iz’m"-,'?‘y) . Summer or into the Fall. A week or | g ;':C.r:'SI 19 days of say 5 per cent call money 5:1 . l. would change the banks from lenders | Soimm e 2500 on call to moderate buyers of bonds | Sweqon 6o ¥ielding 5 per cent or better. Tt would | popo o po='r 210 helo to_ distribute some of the | 1ong, Sl Pow Tl fssues that have mot been moving | sokio S Tokio 5% s eea 23 90% 90% @uring the past two mon : ol 2o - | Uta Kingm 53%s 29. 50 1184 118% tdKingdm 5438 37110 104% 104 Ice Cream Plant Planned. UtdSteamCopenés 3 961 96% » Jruguay 2109 1083 NEW YORK, August 17 (.—Loft | Yokohama 6swi.. 15 %64 96 Inc. which operates candy stores in New York, New Jersey, Maryland, Con- 'MISCELLANEOUS. Mecticut. Pennsylvania and Massachu- | Am Silt & R ist5s 6 1021 1023 setts, will build an ice cream plant in| Am Sugar Ref 6s.. 8 104% 1045 Long Island City with annual capacity | Am T& Tcltrds.. 3 98% 98% ©f 1,000,000 gallons to supply all of the| Am T & Tel tr 5. 7105 1044 Lof: stores. The surplus output will ke | Am T& T8 ¢5s... 13 1031 1034 80ld at wholesale. Am Tel & Tel 5 27 106% 106 Am Water Wks 6s. 17 99l 987 Anaconda ist 41 106% 105 Anaconda cvdb7s. 11 120% 119 Andes Copper 7s... 47 125 127 | Armour&Co 4 12 9% 91% Armour Del 53 5 92y 92 Assoclated Oil 6 5 1021 102% Barnsdall 6s 1940.. 2 101% 101 Bell Tel Pa5sC... 3 107% 1074 BethienmStipmss 3 100 99t Beth Steel rf 5. 1 100% 100% Beth Steel 53853, 2 102 102 Bethlehem Steel 65 9 104 104 Bkiyn Union 5%s.. 3 263 263 | Bush Term Bidg 5s 34 101% 100% | Certain-Td5%srets 13 91% 903 | Chile Copper bs.... 38 941 933, Col Gas&ii deb5s. 15 99% 99y, Con Gas N ¥ 53s.. 11 105% 105 Consumers Pow 55. 1 1025 102% | Cuba Canecvis... 1 77 17 | Cuba Canes. . 6 80 80 | Cuban Am Sug 8s.. 1 105% 105 | Denver Gas 5s. 3100 99% | Detroit Edison 63.. 2 108% 108% | Dodge 68 185 98 97% Last Cuba Sug T%s 8 96 95% Asked. | Fisk Rubber §s. 1110 110 | Gen Mot Ac Cor 6s. 55 102 101% | Goodrich 63%s. 6 1074 1075 | Goodyear 68 rets., 13 91 90 . | Hoe & Co 6%s 2 9% 94 26 | Humble 01l 65, 14 993, 99, ;2 | HumbleO& RG%s 12 101 100% 1% [ 1linoie Bell 1st 53, 5 104 104 16% | Lnti Cement 5s 48. 6 95 53" 1 Intl Match 6s 47. 9% 372, 1 Int Mer Marine 6 103 18 " | Int Paper 58 41 98% 9. | Int Tel&Teleg 4%3s Y41 984 J Kayser & Co5%s 15 114 112% KanCity P&LGs. 1108 104 | Kelly-Spring #s... 2 107% 107% Laclede bs 1101 101 | Ligget&Myerssasl 5 101% 101% Lorillard 5s.., 90% 90% | Loutsv G & E bs 10213 102 ManatiSug st 7%s. 2 104 104 1 105% 106% 6 9 Y53 97 9034 9613 9994 8AL: 8714 943, 17 € £ 5C 1C 1C G Spring 5 Charis Corp 53 Check Cab Mfg 'y Childs Co_pfd . icit S P & L 6 pid & Fuel unchanged; receipts, 10,11! | cases. Poultry, alive, weaker; receipts. cars; fowls, 20a26; Springs, 33; broile: 30; Spring ducks, 25: Spring geese Fla East C5s 74. Grand Trunk s t Nor 4145 76 D. . Grt Northn 4135 B. Logs, 1 Great Nor gen 1s. Sou [Green B& W deb B 29% | Hud & Man a) 5s.. Hud & Man ref os. 1005 1 [ 11 Cent ref 4s. 111 Cent 71 Gol Gra 106 ‘ P 71074 10 1115 11 15 106% 106% 8 100 995 21034 1 41017 100% 9 96 .39 9wy 96 927 17 102 6 vuy 8 100 Sugar Firm Reports Loss. NEW YORK. August 17 (#).—W | ner_Sugar Corporation reports net lo % | of $1,172,631 for 1927, against nct | of $1,735,092 in 1926. WE WILL SELL $2,700 Southern Consolidated Gran- ite Corp. 6!2% Gold Bonds. Due 1938 83.00 $2.500 614 | 907a g1 Aulo Merch Vie T & E pr pid 1050: ito Merch pfd 4 Prod A 13 ito Auto M pfd “ur 48 & Black pfd. 52, T 344 & Co 400 24 De For R C 13 Doehler Die € C.... 1 Dubilier € & R 1 Dupian Sitk 15 Durant Mot 1Duz Co A 10 Duz Co A vic 2 East States Pow B El Bond & Sh Cor. | B & Sh Co ptd 1 Invest Inc... 1 P & L optl war ec Shovel C pt pfd. " | December | | Hungary 7% Irish Free State 5s. laly 7s.... ! Italian PUb'S | Japanese 4s | Japanese § Lyon 6s. Marseille 65 Mexico ¢s 10 asntd Mexico 5s asnid. | Milan 618 Netheriands 6s 72 New So Wales 57s. w So Wales 58s. 8las 10 10 103 (nt Rapid Tran 55. 38 0% Int Rap Tr 53 stpd. 194 80%; Int Rapid Tran 6s. 35 X0 Int Rap Trans 7s. . (nt&GtNoradj6s b Int Ry C A 6%s ret lowa Cent st s Kansas City S 55 Kan City Term 4s. Lake Shore 45 28 | Lehigh Valcn 4 #| Long Island 5 L&Nils Louts & Man Ry 1st 90.. Mich Cen deb 4s 29. Mil El Ry & L 5s 51 Mil EI Ry & L 53 61 Minn & StL ref 4s. M St P&SSM cn 4s. M St P& SSM s, M StF & SSM 6gs, M &TIist4s MK&Tad)ss.... MK&ToprinbsAa. Mo Pacific gen 4s. . MoPachsF 77.... Nassau El 4851, 8 59 NOT&Mb%S.... 15 104% N Y Cengenilgs., 13 8li NYCrfimdy 7 99% NYCentrfbs.... 24 106 NYChI&StL 638A. 15 1054 NYNH&H s 3930 an 85% 98 1.00% 1011 cpie : | December : | Meren The 4 i s . 80.00 300 National Mtg. & Tnv. Pref. Bid 40 F. H. Smith Pref. . .Bid MEHLMAN & COMPANY 1319 F St. N.W. Phone Main 8847 El El i 107 107 94% 94! 9B 94K i 96% 991y i, ARE HIGHEST SINCE 1920 98 8% i it i “ 3 96 3 991, 102 102 102 9954 9914 102% 1025 90% 1 Fed Metals 1 Federal B 1Florsh Shoe A 2 Florsh Shoe pfd 5 Forhan Co A.. ... 103 Fox Theaters ‘A. . 1 Frank H H Mfg_Co 2% Frank H H M C pfd iFreed Eisem R C.... 7Prench Line B 4 Freshman Chas_.. 10 Fulton Sylphon. . 9 Gen Am Inv 225 Gen Bak 6 Gen 3 Gen 4 Gen 1 Gen 4 Gen 1Iowa Neb L & P 55 A 1 Kelvin Corp s 1Kop Gas & Coke 55 2 Laclede Gas 5las.... 1 8Lehigh Pow 6s A.... 104% 4 Louls Pow & Lt 55... 9412 1 Manitoba Pow 555 A. 101 27 Met Ed Co Pa_4':s D 971 3 Midwest Gas 7s A.... 105 7 Milwaukee Gas diss.. 98! 8 Mont Lt Ht & P 55 A 100 12 Narrag Co 55 A 992 10Nat P & L 6s A 10430 14Nat Rub M 65 12313 4 New Eng G&E 55 MNYP&LS 10 Nor Ind P'S 10 Ohio Pow 41 5 Oswego Falls 43Pac G & E 1Pac G E 4 5Phila E 51 3Phila E P 1 Pow Corp N 35 Pub Serv E & € Richfid Ol 6: 58an Anton P 38t L Gas & 1Schulte R Est 24 Shawin W & P 4138 A 4 Snider Pack 6s 1 Solvay Amer 55 9 Southeast P & L 65 Sou Cal Ed 55 | By the Assoctated Press | | July exports from the United States | | were reported by the Commerce De- | partment today at $382,000,000, the highest recorded for the month in any year since 1920. July imports were $316.000,000, and the resulting balance | of trade was favorable to the United States by $66,000,000. The continuing outflow of gold from the United States resulted in total ex- | ports of the metal for July of $74.- 190,000, against which the United States imported gold to a total of $11,531,000, leaving the net loss of gold for the month at $62,659,000. For the seven | months of 1928, including July, the gold | exports of the United States had been | 135 $520,708,000 and imports $94,507,000. + | Thus the gold loss for the year includ- | ing July is $435201,000. by far the | largest sum in gold ever sent out of | | this country in a like period | : 1012 | silver exports for July were $6,160,000 | 100 | and imports $6,560,000. For July last 100% | year silver exports were $6,650.000 and 100 imports $4,288,000 : 1001 A 101 995, 983 5 100 2 102% 1 .1 102% 102% 13 102% 102% L 11 99% 98l 4 99% 994 1025 102% 103 102% 0% 90% 101'% 101 .7 82 82 63 88T 884 20 100 99% 2 107% 107% 4 105% 105% 1 106! 106%: 10 95% 94% 210 107% 23 92 92n 1 115% 116% 5 106% 106 1 106% 106% 3 100% 100 1105 105 2t 9% 9 3 92 92 7 99 98% 3 103% 103% 1 98% 98% 47 81 T9% 100 25 Indianap P & L 55 A 994 high at 95, a gain of 5 points on com- 1 Intersta. Pow 55 6 Interstate Pow_6s « | paratively few sales. Ofls did little more | | hold firm. FIRST & SECON TRUST MONEY Ccmplete 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 103 ‘| Washington Stock Exchange| SALES. | ~10 at 322 | Sec. Co. pfd.—3 at| 92 2 100% 9 86l 44 101 2 100 % 1 99 District | 101T . | Mergenthaler Linotype—10 at 10014, 10 at 10035, 10 at 10035, 10 at 1003 ~. | National Mtge. & Inv. pfd.—100 at 41}, 59 | 20 at 41, i 104% | Peoples Drug Stores pfd.—5 at 1081, F.‘I;" | Sanitary Grocery Co. pfd.—5 at 120, 106 AFTER CALL. 105 | Potomac Electric 6% pfd.—5 at 11114 59 891 { Potomac Electric 5':% pfd.—10 at 108, Y NH&H cv db 63 2% 1121 | 20 at 1077 ¥ NH&H oit 65 104 | Washington Rwy. & Electric pfd.—4 at N Y Ont W 1st4s.. 74 | _99%a. NY O&W gen 48 55 | Washington Gas 6s “A"—$1,000 at 104, N ¥ itys 63 65. 3| $100 at 102 | N ¥ State Ry 4145, 75 | Washington Gas Light—10 -1 94 NYW&Beks. .. 842 | Monev—Call loans, 5 =n°! 6 per cent { Northern Pacific 43 9014 . s Northern Pac 55 D 104 Bid and Asked Prices. BONDS. Northern Pacr Ore Short L rfs 4s. PUBLIC UTILITY. & Telau. 4% Ore 8hort Licn bs. . Amer. Tel & Ore Wash ist 4s... Pennsyl con 4 3%s. . Amer 8 Tel. & Tel. ol tr, 88 Afncostia & Pot KR s> . Pennsyl gen 4345, , Pennsyl gen 53 | Ana & Pot. guar. 85 Pennsyl 5s 64 &% b Toiwhons By ... Pennsyl 61s. Capital Troction R R. 55 Pennsyi gold Sity & Suburban 8 Pere Marq 1st 58 orgetown Gas 1st 55 PCC&StLISA.. Eotomne Fise. Howr 8% Reading gen 4%5. . Potomec_ Elec. 65 1953 JRIATK& L4%s Wash.. Alex. & Mt. Ver Wash. Alex’ & Mt. Ver SIL I M&Sgn6s31 2 Washington Arcade 6155 St L IM&S R&G 4 : StL&SFopl4sA. 180 StL&SFreksisiol ¥ StL&SForinbs. 8 101 StLxSFimces... 26 1014 StL S Wcon4s32. 94% |StP & KCShL 4%s |SanA & Arn P 4s.. Seaboard AL 45 sta {Seub A L ref . SeabAL ad) 5s 1949 SBAllFiaés35 A, SB All Fla 6335 B. Sou Pacific ref 4 ational Pub. Ser Gen Pub S pid 23 Gobel A ‘ 1 Golden State West. 1Gorham Mfg pfd. 1Grant €o........... 20 Grasselli Chem 10 Hall " Lamp. 3 Hart Parr. 34 Happin C St A 2 Hazeltine _Corp. Hercul Powd pfd..... 4 Holland Furn...... 1 Hysrade Food 9 Imperial Tob. 21nd Ray Cor. Co N A | | | | 9. f L6s . 100 il trawb & Cloth 3 ‘Wi 100% 1 n Maid Rais'6lis.. 760 Oil 5ios Co 5s, & 11Ins 3 Intl e 1Intern Ul B 1 Inter Dep S 11tal Superpow A 2 Joske Bros vic. 5 Kaynee . 6 Kemberly Clark 1 Kemsley Millb . 8 Kinnear Stores Lake Super C Lakey Foand & M 2 g USE OF ELECTRICITY. | i NEW YORK, August 17 @.—con- | ?g;‘n sumption of electricity by manufactur- || . | ing plants in major industries in July ||| | was on a higher plane than the month | s | before and greater than in July last | year, it is shown in reports to Electrical { World from more than 3,000 plants con- | suming 15,000,000,000 kilowatt hours | annually. The present rate of general 97 4 production 1s materially above the 95%, | average for the Summer period of previ- ous years. | 2 2 47 8 85 3 90% 19 104 52 113 30 9BL 3 1043, 5 8T 6 101% 3 99 6 106% 12 108 110 103% 10 1000 6 105% 3 98 10 95 99% 94 87 Iohs a5 °B 5 5 wmn 118% 104 9613 1084 96 2! Consult Us First If you need money for vour Real Estate financing let us have your application today. Prompt Service No Appraisal Fee 923, a | 138 Asked 1073 v 3 Lit Bros ... 9 Loblow Groe Co 58 t ptd. ) rts 3 Marmon Mot 17 Mavis Bottling & Mead Johnson . 7 Mergenth Lino 1Metro_Chain 8trs . 2Midl Sti_Prod Mohawk Hud Pow Iy Moh Hid P 1 pfd 1 Municival Sery. at Food Prod 18Nat Mfx & Stores :Nat P & L 75 pfd 54 Nat Rub Mach 21, Nat Sug R N J 3 Nelson H 1 Nev Calif El 3 Neve Drug 4 Neve 13N Orl Gr No R R s Bem Pnd 8 id 2 Noma Elec . 8 Northe Pow INor Sta P A Nor Sta P pf 2 Northwest Engrs .. 1Pend D Groc A’ xd 4 Penn Ohio Ed 5 Penn Ohio Ed War 1Penn Ohlo Sec 1Penn Wat P C 1 Philin Morris A 1 Pick Barth & Co vic 2 Pick Bar & Co pfd 1 Pieree Governor 4 Piagly Wigely 2 pittab Pl Glass 2 i Amer. Tel 3 Adriatic Elec 7 10235 104% 9874 105 1031 106 98% 105% 119 127 9 102t 101% 107 100 100% 102 104 263 101% 9% 93% 99'% 105% 102 971 80 105 99% 1081 CE & 39 10 Buenos - Alres “7tas 1Com & Priv. Bk 5ik 8§ Cuban Tel 708 A 20 Gundin iy % 13 Banish corl? 3 nzig Port 1 Denmark 84s 86 Denmark 41" ¢Esonta T L b 7s © 5 Prankfort 6! 2 ‘101 . | CALL MONEY STRONGER. NEW YORK, August 17 (#).—Call| 5 tronger: high, 7; low, 5; ruling | closing bid, 7. Time loans | : mixed collateral, 60-90 days, | 8412 | 6a6ly; 4-6 months, 6a6'4; prime mer- | 5011 | cantile paper, 5l4a5'2. Bankers' ac-| 985 | ceptances unchanged. | Equitable Co-Operative Building Ass’n. JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1879 48th YEAR COMPLETED Assels ..$5.449.244.49 Surplus & Profits ... $1.578.070.05 Subscriptions for the 95th Issue of Stock Being Received L SAV plans now for financial in- dependence by open- ing an account in the Equitable. Start now, today. TN 0§14 The Commercial National Company Incorporated Paid Up Cash Capital. $900.000 ENGINEERING AWARDS. NEW YORK. August 17 (®). Awards of engineering construction op erations in the United States the last week were valued at $64,997.000, | @gainst $77,643,000 the week before and $34.977,000 a year ago, - | ing Naws-Record reports. This brought the total this year to $2,249,070,000, ! compared with $1.896,738,000 in the| same time last year. Private work is| ‘well ahead of public projects. TU. S. TREASURY !{ECEIP’IS ‘Treasury receipts August 15 were §3.- $96.591.42; expenditures, $18.264,017.97; balance, $275,353,699.20. INVESTMENT TRUSTS NEW YORK, August 17.— Big, 5 ctfs 4 . 58 Commerecial National Bank g ereial, Xa GBank Blds. 14 Ger Cons Mun 7 33 Hamburg E 5as. 2Indt M Bk Pinlan, 31tal Superpow 6s . $ Jugosl Sta Mor Bk 75 1 Lombard Elec 7s A 10 Lombard El 7s A ww 6 Mendota 7iis ‘51 . inas Geraes 65 3 Mor Bk Bogota s 13 Mor Bk Bogota 7s n 6 Mor BK Chile 6s 31 11 Muni Medellin 75 15 Muni Medellin_6' 1 Nippon Elec 6'ss 7 Parana 7s 6 Rio Grande 6s 1 Rio Grande 18 Russ Govt wen. 6s. MISCELLANEOUS, 83 83 100 96 al Chevy Chase Club_5Y:s D. C. Paper Mic Pot _Joint Stock L'd Bi. 5 Wash Mkt Cold Storage 53 Wash. Cong, Title 85 | Wardiman Park Hotel 5 STOCKS. PUBLIC UTILITY American Tel. & Telga Capital Traetion. Washinato 5. Norfolk & Wat Potomac Flec 6 Potomac Elec 5!.- Wash. Ruy. & Flec. com Wash Rwy. & Elec fd NATIONAL -BANK Capital Bank oS5 . 10 108% 2 118% 1 119% 1102 5 108% 5 100% 9 68y 66 654 Bteambont ld. Prop Silk Hos Mil: e R 8 Co Q Rainbow Luminous 1y Real Assn BKlyn i Rich Rad 4 1 Ross Gear & Tool 1 Ross Stores.... !: Royal Bak Powder 11 Bafe-T-Stat 1, Safeway Stores 1 Safew Strs Opt war 98t Regis Paper Sanitary Grogery 2 Schulte Real Est 4 8chulte United 3 Seeman Bros 1 Seiberling R C 13 Serv El n vtc 2 Sheaffer Pen 21 8ilica Cel wte 0 10 Southe P & L'n Southe P & L war South Asbestos 1Bouth Coast 2 8outhern Iee & U B Southern Stores A hw P & L ptd xd 108 11 8pan & Gen reg 5 dd 2 8parks Withing 3 Spencer Kelloge pleg M Stern pfd 1 8tand Pow & Lt 28tix Baer & Fuller i Stromb Caris Tel xd digh Match A | Sou Ry 68 56. Sou Ry 6%s. Term Asso St L 3. | TexArk IS 6148 50. Tex & Pac bs s 1071 Third Ave ref 45 60 Third Ave adj 58 Union Pac 1st4s... 11 94% Union Pac 1strf4s 3 894 Union Pacific 43 68. 28 Un Pac 4 %3 67 1 Virginia Ry 1stbs. 31 106% Wbash 434878 rcts b4 90% | Wabash ist5x.. 1104 | Wavash bs 76 B. Wabash 5%s75... West Maryland 4s. | Western Md 634 . Western Pacific bs | West 8hore 4s 2361 ol DIVIDEND INCREASED. 904 NEW YORK, August 17 (#).—Di- 1021 i vectors of the International Nickel Co. | 104 |today increased the annual dividend 1054 | ¥ate on the common stock from §2 to $3 99 in share, with a quarterly disbursement 99 |of 75 cents a share, payable September 129 to holders of record September 10. Stockholders will be offered common stock at $60 a share on the basis of one |new share for each 10 shares held and one share of new common for each two and one-half shares of preferred stock held. ‘The company announced that, an- Ucipating the growing demand for nickel products, it had been decided to supplement the Crelghton ore output by opening its Frood properties. Federul Storage vic o8 sHIP LIHES no WELL | Pederal-American Co 94| NEW YORK, August 17 (M‘»J’u-\I'c(lrrl-l«atrlrmxrum 9114 | senger trade of the International Mer- | LAnaton Mopotvee, o . 105 |cantile Marine Co. is substantially | Merchants' Tran & Btge 74 | ahead of last year, all ships of the line | w':’r!lu"lifll“ Lxl::ul:‘md on the eastbound Summer travel doing | Peoples | well. Freight business, however, has |8scurity 9, | been materfally slower. No action on a | fanitqty, Gf i | mew capitalization plan has been taken | Wiy Gony 4y since the abundonment of a previous | Wash Mech Mige, con 985 (Proposal the end of last year, after | Wash, Medicw) GG Com 1017, | court action by minority stockholders. *Ex dividend 97 e s - POTATO MARKET DULL. 94 103 103 CHICAGO, August 17 (A (United 9 8% | Btates Department of Agriculture 4 106% 106 1061 | Potatoes, receipts, 93 cars, on track, 239, 22 95 9hv 9bw | totel United States shipments 635 cars; 22 Wh% EGY by | supplies fairly liberal, demand and trad- 7 100% 100% 100% | Ing very slow; market very dull and 6107 106% 107 | weak. Kansas and Missourl sacked Irish cobblers, U. 8, No. 1, generally slightly dirty, 65a75, some heated, 60; 5 100% 99% 9B% 4 UB% 97 DBl Virginta, barrel, Irish cobblers few sales, 2.65 85 102% 102% 102% PARIS BOURSE PRICES. 8102 102 102 #1010 110 7 102% 102% 1024 4102 102 102 1 102% 102% 102 PARIS, August 17 () —Prices were 16 strong on the Bourse today. Three per cent rentes, 68 francs 76 centimes; 5 per cent loan, 93 francs 90 centimes exchange on London, 124 francs 21 centimes. The dollar was quoted at 25 francs 525 centimes. s $53z 1 8 5 9 1 3 [ 3 1 i Sliines i 75 336 wa 03 Stinnes Hug 7s ‘45 wa 2 Swiss Govt Slys 100! 2Uni Elec Sers 110% 1 Vesten EI Ry & 13 Vienna 6s 10 Warsaw 7s tphal Uni El 65 A 89 ividend wi-When issued 103% 100% 689 641y 94% B 86k 964, 95% 110 102 107% 91 941 | 9915 101 104 95 Nations Columbia | Gomme District Parmers & Mechanics Federal-American Liberty Lincoln | National Riges 8econd | National Bank of Wash. TRUST COMPANY. American Security & Trust Continental Trust Merchants' Hank National Savings & | Unfon Trust shington Loan & BAVINGS BANK 1001 100k, 10995 1093; In the Equitable Systematically $2.50 Per Share St 915 F Stret Am & Brit Con com ; Am & Brit Con 50% pr pf units Am & Brit Con 6% pl.... Bankers' Pinancial Tr Benkers v of Am Iov of Am deb Ganadian-Bankstks. Inc Goionial Inves. Bhares Contnentai _Securities Diversified Trustee Shares iversified Trustee Sbares B 2t Bankers Bast Bankers 9 Metropolitan. A i 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. . 961 n—New ww—With warrants I, 103 987 941y 1124 104 107% 101 | 96 20 17 k. ks NEW YORK, August 17 (Special) — | Halsey Stuart & Co., offered today | $20,000,000 Commonwealth Subsidiary | Corporation (a wholly-owned subsidiary | jof monwealth Edison Co., Chicago) | 515 per cent gold debentures, series “A” due September 1, 1928, at 97 and interest ylelding 53, per cent. | Remond & Co., Tillotson & Wolcott ! Co., and Pearson-Taft Co. offer an | additional issue of $1,200,000 Cleveland Terminals Bullding Co., first mortgage leasehold sinking fund 6 per cent | gold bonds, due December 1, 1941, ». Greenway Co riercon 98 st 86 98Ly o 86 %0 6 P s Security Bavines & Com Seventh Street United _States Washington Mechunics FIRE INSURANCE MORTGAG Syra M B 12 Thomps Prod A Timken, Det’ Axle odd_Ship & Transcon Alr Trsp Trans Lux Plet Truscon Sti Tubl Art § B vic Uni Biscuit B Uni Mid-Con 63 40. Midvale Steel 6s. .. Mont Power deb bs Y Bdison 53 44 Y Edison $% NYTeltsdal.. NYTel6ndy..... North Am Edis 6s. | Nor Ohlo Tr & L 6s American Corcoran Firemen's | National | 10 99 10 104% 1033 6 1145 114 4 107% 106% 7 110% 110 5 100% 100% 1 100w 100% 2 101% 101% ® 106% 105 4 101% 101 5103 103 1102% 102% 1 104% 104% 13 99% 991 Un 1ITLE INSURANCE TO THE SMALL INVESTOR Let us correct the mistaken notion some may have that investment in our 6% FIRST MORTGAGES 106% 110 100% 100% 10135 1056 101% 103 102% | 104% 99%% 0% Co of Md Title ptd MISCELLANEOUS. Barber & Rons. Inc. eom evy Chaso Dairy pfd esinut Farms Dairy comi estnut Farms Dajrs pld nmercisl Nat'l Co. pid | D¢ Paper Mie. vid Digt. Nat'l Becurivies pfd Col.’ 8und & Gravel pfd com El Conl ¥te G tmp € Lt & P A Commodity News | , RICE. NEW ORLEANS, August 17.—First shipments of new crop rice were re- ceived this week. The Louisiana crop 1s estimated at 15,355,000 bushels, cum-l . | pared with 17,316,000 produced last | %% | year. The estimate for all States is| 18'% | 36,140,000 bushels, as against 40,068,000 | 200 g | last year L | | | | | Pac T &T 13t 0 , PacT & T bs 52, ‘| Pan-Amer Pete 7 | Paramount 6s 1947 athe Bxchange s 9 71% 704 PhilaCobs 87 wi., 20 4 9T% Phila&ReadC&l bs. 94% Philips Petro b %s. 7 913 | Pierce-Arrow 8s. .. 10415 Por Jiic Am Tob 68 Postu) Tel & C b Public Service 4 14» RemingtonAr 6s 32 ftem itnd 5%s war air O1l 68, ..., sinclair Uil 6448 .. Sinctatr Q1) 7, ’ | Sinciair Crude 5%s 8in Pipe Line b Southwest Bell bs. 54 895 by 8 Gypsum 8 Gypsum ris niv Plc C 3l Shar 2Wait & Bond B 3 Walgreen 1| Walgreen war 350 Warner Bros Ple 1 Wayne Pump [ 0 & 8§ vic heel Corp i56 rants com £ COMPANIES 70 —must be in lump-sum full payment. As a matter of fact, a Partial Payment Plan, distributing payments in ac- cordance with the conven ience of individual budgets, is available to all who desire to avail themselves of its accommodation. se i COAL. HAZELTON, Pa—Working conditions 'f'll the mines will improve before the i iend of the month, is the confident pre- diction made for the hard coal regions. Sales agents of the anthracite com- | panies say large orders are in sight and | that there will be enough work to last | through the whole Winter. | DAIRY PRODUCT i CHICAGO.—Production of both but- ter and cheese continues to decrease. | Warm weather, which has caused a | drop in milk &})ducucn and stimulated | the use of id milk, is given as a| reason. Butter output is down about 3 per cent from the previous week and | cheese production notably lower 1 PAINT. CLEVELAND.—Paint manufacturers | continue busy. Adrian Joyce, president | of the Glidden Co., reports that July, * | sales were the largest in the company’s | history for that month. George A. Mar- | tin, president of the Sherwin-Willlams Jo., says that the outlook for Fall business l i 260 0 n 10 Wire W 1 Zonite les in | hundreds | 7720 Aviz Glove C i 1 Cer o o 1 o Owver a Third nt Am Mines a3 6ont 8 dine 10 Divide Extens 3 Dolores Esper 13 Golden Center 3 Hecla Min e 11 Hud Bay Min & Sm i 8 "oboer 1 Nipissing !3!, I;t'\‘nlll . jands 10 Parmac Por M Ltd. 8 Premier Gold M 1 Roan telope Cop. . gihllluc‘ Dl’l\n e DAL i 15, Vs e 2 Wenden Cop INDEPENDENT OIL STOCKS. i Con Olifields " M Maracaibo Co b Synd. of a | 97 Century Without a | Unlisted Department. M (These securities not fisted under Exch rules ) BONDS, | Bid, Asked [0 17 103 10 103 T nge | arkstOrientels i Loss Tennkieciow 83 47 United Drug bs 63, | US Ruo 1strebs., U8 iub 1%s U S Steel s 1 b, Utah Pow & Lt 6s. | Vertientes Sug 7s. 1 Kiec be n tinton bubl. Union 8%, WesLinghouse b Willys-Ov 6%%e 33. Wilson & Co 18t 65, Yngetn S&7T 6 w ) RAILROA Arhor 48, 2 en4s Cha 18t 48, Army-Navy Club Copmos lub” 4. glly Club in e Metropolitan Club 414k BTOCKS. Available in Amounts of $250 and Upward B. F. SAUL CO. Main 2100 925 15th St. N.W. 800 858 138 Fire Amaterdsm Cas icut Ple pin \nect Chr. Heurien leh” Breweiy Departmenti Bk i bun irance Co Prankiin Nat ?..nu Miller Traln trol | Munsey, "Frist” 0o Nortli Oapitol Bavings Baik s Bk Northeast Saving Park Bavings B Haleigh Hotel Co 3 Washinglon” Aaviigs Bank Washington Title Tnanrance Co Washington Rase Sail Cluh so-Langd'n Savines Bk, ‘ :inzie At yvesant fun Tie Hivelers Houston GullGias Intercont] Pet ... 4 Leonard Oil 7 Magdal Svnd 10 Mex Ol T Mount Prod 1s excellent and the company has been “ getting its sales force ready for a bi ' campaign at the start of the new fiscal 231, year, September 15, 3.4 THERE 1S FOR SAFETY A 1 23% 91% NO SUBSTITUT antie 9% 9%