Evening Star Newspaper, August 22, 1928, Page 14

NCIAL Mortgage Money Loaned At Low Interest R Tyler & Rutherford Representine Mutval Beneft Lite ins Co 1520 R Street Main ¢ ‘We clase at :30 p.m. until Sept FIRST TRUST LOANS 545 ! ,BANKERS PLANNING {Many D. C. Financiers to At- | tend Annual Convention | ~ PHILADELPHIA TRIP Abitibl Powert 4 Abitibt Po pf(6) Adams Exp (6). Adv Rumley. Adv Rumiey pf. Ahumada Lead. Alr Reductn( Ajax Rubber. Aluska Junea Allied Chem. Open A2y 90 307 42 53ty 3 NING, STAR. NEW YORK STOCK EXCHANGE Received by Private Wire Direct High 82ty 90 89, 318 807 42 40% B3 B2 ¥ 5% 318 40% Low Close. | Fngineers Pub § Fuyutt Bldg (2) EquitableTr(12) ErieRR..... st of Sureka Vit1s)., Exchange(lls). Fairbankse3). .. KarbankMpf(7) WASHI Oven. 407, 314 R NGTON. D. C., WEDNESDAY, to The Star Office. Open Otis Steel. ..., Otls Stl pr pf(7) Outlet Co(4) Owens Bot(ct4) Pacific Gas(2).. Pacific Light (3) Pae O1l Stubs .. Pac Tel & T Packard Mo(14) Pan-Am Petrolr AUGUST 22 STOCK SALE LARGE INSTRONG MARKET Forum Leaders Encounter Reactions. New Favorites Appear as . 0il Well Brought In. | NEW YORK, August 22 (#).—The Texas Corporation and the Shell Union Oll Co. have brought in a 40,000-barrel | well in the Hendricks pool, Winkler | County, Tex Cudahy Earnings. NEW YORK, August 22 (#).—Presi- dent Cudahy of the Cudahy Packing | Co. says that while the company has | earned somewhat more than it had last | year at this time, there is nothing in { the present outlook which warrants any increase in the dividénd rate or any extra or stock dividend. | Will Enter Refining Business. NEW YORK. August 22 (#).— The Swan-Finch Ol Corporation, one of the ! oldest of the Standayd Oil units, has inrgumud a subsidiary known as the | Swan-Finch Refining Co. preparatory | to entering the gasoline refining busi- ! ness. Officials are arranging to acquire a_refining_propert; Swan-Finch has | plants at Bayonne, N. J.. Buffalo and | Chicago, and is principally a manufac- | turer and distributor of lubricating ol | and greases. Soo Lines Have Surplus. Fedoral M & Sm | Fed MotT'« r80c ) elfLy-Phoent it st NatSe114) 20 | Risk Rubber. .. Kisk 180 p((7). . Fleischmanni3) Fox Film A(4).., Freeport (161 ). Gabrial Snub A, Gen Am Tnk4) Ten ATC pfi7). Pan Amer Pet B Pan-Am Wn B Panhandle Parmt-Fmi Park & Til (1), Park Utah8ue). Pathe Bx....... Pathe Bx(A) ... Patino M 3 Peeriess Motor. Penick & Ford. . Penn Dixie Cint Penn R R (31p). People's Gas(). Pere Marati8)., Phila & R C& | Phil Morris Philii IR Plerce-Arrow. .. Prerce-Arrow pf Pierce O11. : Prerce Ol pf. ... Pleice Petrolm . Pillsbury (1 Piies Coat Amal Leather. . | Ameradac BY EDWARD C. STONE. H | Many local bankers are planning to attend the annual convention of the | American Benkers' Association in Phil- ,Adeiphia from September 30 to Octo- ber 4, the pro- Am Brown Bov. fgram for which Am Brown Bo pt iy s o o | anc?) was announced to R Ame, a0l 90 AmC&Fpf7). 115 115 Am Chicle(d) Am Drug8ve). Am Encau(2.40) Will Acquire Clark Interests. NEW YORK, August 22 (P.—The Soo lines, including the Wisconsin Cen- tral, report a surplus after taxes and charges of 829158 for July, against $188,011 for July last vear For the | first seven months the defieit totals A1.137.014. against a deficit o 81,551, 1919 in the same period last vear | BY GEORGE T. HUGHES. ! | Special Dispatch to The Star | NEW YORK. August 22 ¢P.— Ana- | NEW YORK, August 22.-Stocks conda Copper Mining Co. has contract- | were churned about violently in today's | ed to acquire the Montana interests of | Money to loan on D. C. real 1‘ of Assoc{ahpn. estate. Applications invited. || Prompt attention W. H. WEST COMPANY Founded 1894 1519 K Street Am Bank Nt Am Beet Sugar. Am Kosch Am Br Shj1.60) #4033 407 400 401, 30 S Y 5 574 5T 108 the W A. Clark estate, save for the market. In some respects the ."HOHLN’(‘l.flfimlla public utilitics. | was reminiscent of the excitment of | |last Spring. The turnover was very | large, the tape fell behind and there was every evidence of an increased | public participation. H The price movement was the result- ant of the clash of profit taking from | those who had bought stocks Tuesday | Main 9900 1040 a0t & Tailrs msuccc.«mlmen\ I since Pennsylvania Avenue |§/ § became the Nations Main Street. Gen Cable ..... en Cable Ac4). Elec(15). .. lec sp(60c) 4 sA(0l) 1 Gen GasRielly) Gen 1ee Crm (3). en Moters¢ | Gen Mot pf(7).. Gen Outdr Ad(1) Gen Ry Sig(5).. Gen Kefrac(3) Gillette Raz(3). are held in the Acad- emy of Music, and the Bellevus-Strai- ford Hotel will be | headquarters. The {open sessions are i to be held on Tues. day, Wedn esday end Thursday | mornings, begin- ning at 9:45. Sev- APPLICATIONS INVITED and the orders of new buyers today. Reaction In issues which had enjoed | | for LOANS on t st advances ay be went along, with gaing by newiy found | | MPROVED PROPERTY favorites. The realizing, however, was well absorbed and such setbacks as oc- curred were relatively unimportant. i Money renewed at 7 per ceht, which was the same as the renewal rate on | An lce )... 434 | At Internatl(2) 102% 104 Am LaFr&Foam 6 6 Am Linseed.... 117 Am Locomot(8) 90t En Am Loco pf(7).. 1160 115 115 Am Mac&Fy4). 1474 148 1474 100 (33 100% Bin 1154 89 115 145 Located in the District of Columbia and adjacen* Suburbs of Montgomery B and Prince Georges Counties, Md. Bty ALLTREADS 1 exchang tr LEHMAN'S TIRE SHOP 2th & K N.W. o Main 1430 Miller Train Control cught and Sold I he ocks local will Con- T g or Miller Trair ol Stock. Thomas L. Hume 1412 G St. Main 1346 Main 4733 National Mortgage and Investment Corporation —desires to purchase good note trusts es ecured by second improved real the District of on tate mn Columbia. Promgt Attention to Aprlications National Mortgage & Investment Corporation 1004 Vi. Ave. NW. M. 5833 On Centrally Lozated W Business Property 5% Interest Consult EAVER BRO REALTORS 809 15th Street N.W. Main 9486 REAL ESTATE LOANS i eral committees are to meet at the head quarters on | Sunday. On2 of ! these is the committee on reorganiza- tion of the A. B. A. and others include the savings bank exccutive, finance and administrative committee: Monday will b> a day crowded wiih committee moetings. The clearing hou: State bank. agricultural. educational public relations. trust comvany, merce and marine, memborship. legis'a- tive and taxation committecs and ot ers will meet on that date. The list of speakers at the general sessions fs to b* announced soon. Ranks Will Cash Liberty Bonds. Attention is again called to the fact that the third Liberty loan has been called by the Treasury and that in- terest stops on this issue on September 15. There are something over a bil'ion of those bonds vet to be redeemed and |it is the opinion at the.Treasury. as | well as of many bankers. that a great number of holders are still unaware | that th's Liberty issue is now being paid ofl The banks here stand ready to cash these bonds for their cusiomers when- ever such requests are made. They | will also purchase any other bonds that | holders may wish to take in place of | those being called. either Government {or other sound issues. This service by the banks will make it a simple matter |to switch into some other investment |before the inierest on the third | Liberties stops. 3 In case t' ird Liberty bonds are being held in benk vaults as collateral for loans, the holders are advis>d to make | known their wishes regarding them at once. If they wish the banks to buy seme other issue, they must make such | requests before the expiration date. Otherwise the banks will sell them and apply the cash on the outstanding notes. Banker Reaches 55th Landmark. Fred McKee, vice president of the ! Security Savings & Commercial Bank. reached the 55th green on life's golf | course today, handsome flowers on his | desk telilng the secret to the world. He received many congratulations. Like many other local bank officials. | Mr. McKee is a lawyer as well as finan- | cier. He is vice president of the Se- | curities Corporation of the District of Columbia, an_organization formed in 11923 by the officers and directors of the | bank. Born in Washington August 22, 1!’:‘3.{‘ Mr. McKee got his ly education in { the public schools, later entering the Columbia School of Commerce, from which he was graduated with honors. The desire to study law was too strong ! to be resisted and he answered the ap- | peal bv attending and graduating from the Georgetown Law School. i bank official is connected with organizations outside of financial circles, among them being the Board {of Trade, Columbia Historical Society. Congressional Countrv Club, City and | Civitan Clubs and the Masonic fra- ternity. Sanitary Grocery Leads Market. Sanitary Grocery preferred led trad- ing on the Washington Stock Exchange today, the stock jumping 4 points and establishing a new high for the year at 125. “The first sale was 10 chares |at 121, the next at 122, followed by 10 shares changing hands at 124';. The market then closed with 10 and 5 share | lots selling at 125. The dav's first sale was in National | Bank of Weshington stock at 305. Ten shares of Peoples Drug Stores preferred moved at 1087, Capital Traction fig- jured n a 40-share transaction at 104. 1 and 25 shares of Mergenthaler appeared on the board at 100%, a gain of % over yesterday’s close. ‘There was a transfer of 140 shares of National Mortgage & Investment | preferred at 4%. Only two bond issues ppeared. Raflwav & Electric 4s seiling t 923, and Washington Gas 6s, series A, at 103%. Heard in Financial District. | _Vice President A. M. Nevius of the Riggs National Bank, is on a motor trip to Denver and other points in the West. President Robert N. Harper of the District National Bank is in Albany to- day attending the preliminary exercises | in connection with the Smith notifica- tion. Fred McKes Am Ma pf ex-w. 1863).. Am P& L. Am Radiator(s) | Am Ry Bx(6).. | Am Kepubuic. .. | Am Saf Iia 1415, Am Seatin Am Ship & Com, Am Shipbldg8) Am Smelting (8) [AmS & Rpit). Am SU Fdyse). | Am St Fy pet) Am Sugar. . Am Sumatra. Am Tobacco(¥) . Am TobaccoB(8 Am Tob pf(6) Am Type prei). AmW W&Elcl). Am Whise pf(7) Am Woolen Am Woolen pf.. Am Zinc. . Am Zine pt. Anaconda 4). .. Archer-Dan(3). Archer Dan ris. . AruourDel pt Armour, 111(A). Armour, 111(5). Armour, 111 pf(7) Arnold Con & Co Ass0 Dry Gz Atchisont10). .. AUGUIT & W, Atl Ketining(4). Atlas Tack. Austin > H Aus Cred(4.49). Auto Sules. ... Autostrap A(3). Balto& UL6). . Balto & U pf4). Bang & Ar(3ig) bankofCom(18) Barker Bros(2). Barnet Leather. Barnsdall A Bayuk Cigar Beacon 01l Belding-Hemwy BelgR pf(75.98). Best & Co(3)... Bethlehem Steel Beth Steel pf(7) Bloomingdale. . Blumenthal pf.. Bon Ami Ad4).. Booth Fisheries Booth Kish Ist Borden Milk(§). Briggs MfgFC British Empire. Brockwy Mot(4) Brockway pf(7) Bkiyn Ed cfs(8) Bklyn-Mani4). . Bkiyn-Man pf(6) BklynUnGasi(3) Brunswick Bi3) Brunswick Ter. Bueyrusil).... Buff Roch& P4) Burns BrosA(8) Burroughs(i4). Bush Ter de( Buite Cop & Z. Butie & Sup(? Butterick Co. Byer & Co... Cahf Packg(4). Callahun Zinc. Calumet&Ar Cent Alloy(2).. Cerro de Pas(5) “ertain-Teed (4) Certo Corpn(14) Chandler-Clev. . Chandler-Ci pf. Ches & Uhio110) C&UCorpnid). Chi & Atton. Chid Alton pf.. Chi & Eant 1] pt Chi Great West. Chi Gt West pf, Chi MIl & SLP, . Ch Mil & StP pt Chid Nwn(4).. hi Pne Tool(6) Chi Rl&Paci$). Chickasha (3). . Childsi2.40) Chile Cotzl3) Chrysler(3) 114 A% 53ty 86 Am Po&L pf(6). 103% 1081 10: 152 208 W2 64 161 1601y 17 108 17% 481y 162 4% SEIEN 6l 8% 0% 11% 37 102 36 A% 611 126 245 [ 901y 140% 457w 424 B Bucyruscviziy) 45% 4% 45 kil 120 143% ). 106% 1064 1064 9% 45 100% 5 0 ¥ig 26% 185 654 bew n 11 14 47 b3l 86:x 114 4 83 86 114 4T 53 56 108% 152 149 1 64 Am Tel & Tel(4) 150% X0 178% 161 161 161% 1601y 1a 117 9 108 61 109 17% 108 lite AU Coast Li710) 1875 1671y 16 490n ANl 16210 1604 14 184 B 16 1n2 »0 86le T6in 61% 118 EN an 63 126 245 36t an 611, 126 244 6974 6K H0's w0ty 140% 140 457 44ia A2% 1l 46T 36 % 78 120 120 148 1438 106% ™7 7 M M 45 45 46 101% 100% 100ty 3 % 9y 9 26% 7t ad i 104, 21% 1654 66 pres 950 YAl Gimbl Br pf(7). Glidden Co Gold Dust(3). Goodrich(4) Goodyear Tire Granby Min(4). Grand Union. .. Grand Un pf (3) t North pf(s) Gt Nor pf efs(3) Grt Nor O11g). rt Wn Sug 2.80 reene Canac4). iantanamo Su, Gulf States Stl. Gulf Sta 1st(7). Hack pf A(13%). Hanna Ist pt Hartmn B(1.2 Hershey Corp. Hershey pl(4).. Hershey prpf(6) Houshold(4).. Houston O1l. Howe Sound (4). Hud Man¢2 Hudson Mot ( Hupp Mot (2 1'linols Cen(7). Indep Orli1) tudian Motc115) Indiun Refining. Indian Refz ctfs Inland S(kr6¥ ) Inspiration Cop InterboroRapTr InterconRubber Internat Agr. .. Int Bus Ma(5) Int Cement4).., Int Com Eng(2) ) i Vint Harvijg) | Int Harv pf (7). Int Mteh pf 3 1 int Mer Mari; Int Mer Mar pf. Int Nickel (3) Int Paperi240). Int Paper pfe7) IntPap efs(2.40) In Pap pf efsc7) { Int Ry CA pf(5) Int Tel & Telt6) Jewel Teatd). .. Johns-Manv (3) Jones Tea. . Jones & Lau(7). Jordan Motor. Kan City South, Kayser J(3). Keith-Albe Keivinator Kennecott ¢6). . Kinney pf(%). .., Kolster Radio. . K Kresge Dept S.. Kress (S H)(1). Kroger Gro(el). | Lago OI1. Lambert Co (1 Lee Tire & Rub Leh Por Cmt 214 Lehigh PCpf(7) LehighVali3ty) Lehn & Fink(3). Lite Sav(1.60).. Lig & Myrs B 16 Lima Locomtve. Lig Carb(3.60). Loew's(13) Loew's pf(6%3). Long-Bell(A).. Loose-W (1.60). Lorillard Co. ... Loulstana Oil. .. LouisGasA (175 Ludlum St McAndrew 1545 | McCrory A McCrory 2) Melntyre Pi1).. pt Tin P) ruck(f). 8q Gar (2), Magma Cop(3). Mallison & Co. .. Man EI Sup(5).. Man Shirt(2). .. Maracaibo Oil. . Martand 011, ., Mar-Rock 12%... Martin-Parry . Mathieson(6). Mathieson pf(7) VBB 2 140 1063 Ay 36 1011, 69 13, a1 9814 281 931n 1041 40 5% 100% w9 991 83 99 R0 1791 a2 1094 21% I 110 | ! Superior Steel, . PortoRicoTobA . PortoRicoTob K. Postal T&C pf 7. Postum (3)..... Produ & | Prophylact erv N« erv proh) . Pub S NJ pfi7). Puliman Coi4). Punta Ale y Purity Ba pl6) Radio Corp Reading Ry(4). Reading 2d (2 Iteni Silk Hos Leal Silk pf(7). | Izeis (R) & Co... Lemingtn- R Reo Mot 1 ep | & St4) Rep | & S pf(7). Iteynolds Spngs. ey nidsTobB(5) Richfield O11(2). Rossia Ins(5) .. | K yal Diad Rutland pf t Jos Lead(13) L & 1¥) SUL&SE 2d pd (6) ) Shattuck b Shell Uni1.40). | Shubert The Simmons Cot Simms Pete Sinclair ol Skelly Uili2)... Snider PKg pf. . So Por Rie S(2) South Calif Ed.. South Dairies A. South Dairies B. South Paci8)... South Ky (¥) South Ry pf(5). SouRyM&uers 4 Spicer Mfg..... Std Com Tob(3). SdG &k td G & K p . Std Milling1s) .. Std Millg pri6) SidOCulizl).. SuiSanProc1.68 Stanley Co..... Stewurt-War(6) Strom Car Studebaker(a), Superior Ol autoghiB0c). nn Coppertl). xas Corpnid) xas Gulf Sul(« x Pac C & Ol Tex Ld Trinew) Thatcher Mfg. Thatcher pf 5.6 Tne Fair(2.40). Thitd Avenue. Thomp J R(3.60) Lidewater AsOIl TIdWASOLPL(6) T'idewater O11 80 Tide W 011 pf(a) Thoken(va). ... Tobue Prod(m). Transcont O1l. Trico Prodi2ly) Udwd Ki #4).. 1o Cart(8) . . Unon Calez), .. Union Pacilo). . Utd Cigar 8t(1) Ut Kruitora U S Distribut U 8 Aleoholid). U S Leath S Leather A. S Healty(4). S Rubber. .. I k) 0 1 a9 167t u u u » | season of a public itch for speculation. * | business world. They confidently ex- + | maintain that they will fail in this. 4| pyramided their profits for months, Tuesday. It was firm at this figure, but the Street had become so used to high money that this factor was of little ! effect i Overnight buying orders brought | many striking upturns at the opening. | Sears-Roebuck started in 143, up over | 3 points and at a new high for the present sharss. National Dairy Products st a now hizh record at the start Packard ros® 2 points to a new top for the year. During the carly trad- ing, numerous other stocks bottered | | their previous highs for 1928. Among them were Ameriean Smelting & Re- | fining, Natfonal Cash Register, S. S. Kresge and Brockway Motors. United Statas Steel opened frastion- ally higher but met offerings at this* {level and moved through a mnarrow range during the forenoon. General| Motors opened higher and by noon had | become the market leader. Supposedly | there is a large short interest in motors. The other side of the market was represented by the selling in Columbia Gas, Cudahy Packing, Montgomery Ward end some of the rails, amonz them Baltimore & Ohio. | A few of the ofls were tak>n up today. | notably Barnsdall “A." The express | stocks were more active, Adams jump- ing anoiher 10 points to 315. Business fell off somewhat in the aft-| ernopn. Individual stocks continued to| pushy ahead, but the general list made little progress in either direction. Radio | was the feature, crossing 191, against, the previous close of 184. | Packard held around its high, but steel | was slightly lower. Gillette Safety Razor | moved un easily and so did Burroughs Adding Machine. Traders singled out stocks for attention regardless of the trend of the market as a whole. STOCK MARKET TREND | OF MAY S REPEATED Epecigl Dispatch to The Star | NEW YORK, August 22.—The only difference bstween the stock market | | of last May and June and that of today | is in the absence from it of the public. It is repeating its former characteristic of buoyancy in the face of high moneyv rates and enjoying the benefits of pool activities and extravagant rumors of | sonsolidations, extra dividends and stock split-ups. A number of the big operators are back in Wall Street after sitting aside for a while and watching developments. | They are working to create a secondl Commission houses that had few mus- | tomers throughout July now have barely enouzh seating capacity for their clients. Their wires bring in orders ! each day from all sactions of the United | States. | The temper of those who are back- |ing the market is stubbornly against | the efforts of the Federal Reserve to control credit supplies and shift them from the market for securities into the pect to win out and to put prices higher than ever this Fall, although it | | Is extremely difficult to, borrow money | to carry speculative commitments. Con- | servative bankers, on the other hand. |as they did last Spring when they | Ignored the warnings of the banks and {only to lose a large part of them in a | few days. | During the past week of rising prices, the market average has advan more sharply than at any time since the June break. STEEL MARKET REPORT. NEW YORK, August 22 (#).—Iron | Age will say tomorrow that the iron and steel market shows evidence of grow- g strength in virtually all products from finished steel to semi-finished products and primary materials. Pig- iron prices. which have been on a downward frend since March. are siif- fening. Steel production in the greater Pittsburgh district_continues at 85 per cent of capacity. Pipe is the outstand- ing factor In new business. Composite price of finished steel remains at 2.348 | cents a pound and for pig fron, 17.04 A gross ton POTATO MARKET STEADY. Per “‘\d5 -12 Cent 3 Years o r Longer H. L. RUST COMPANY 1001 15 .Strcet NW.. Main 8100 Equitable Co-Opera JOHN JOY EDSON. President Organized 1839 Assets $5.449.241.49 Subscripticns for the 95th | i SAV Lay yoyr now for tnancial in- plans dependence by apen ing an account in the Equitable. now, today. Start g $2.50 Per Share tive Building Ass'n. WALIER S. PRATT, Jr., Seeretary 48th YEAR COMPLETED Surplus & Profits $1.578.050.05 scve of Stock Being Receiged 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. TS 915 F Stree ST Large and Small Amounts on Residences Business Property Apartment Houses For 3 or 5 Years Without Curtailment A AR RO T R, W I 1433 RPT K Street Funds to Lend | and % Wm. H. Saunders Co., Inc. Loan Correspondent Provident Mutual Life Insurance Co. Main 1016 For the Corsile BUI sure you a customed when you can no longer earn the luxuries to which you have been ac- Comfortable Later Years 2 0f Those Wha Value Their Money LD UP an estate which will in- comfortable living 5% & 5% Audley A. P. Savage, auditor of the|City St B 5% stk ¥ ¥7 May Dept 8(4).. CHICAGO, August 22 () (United Apartments and ss Properties District of Columbia and Nearby Maryland-Virginia 3-5-10-Year Terms Prompt Replies Homes Randall H. Hagner & Co. Incorporated Decatur 3600 1321 Connecticut Avenue Mortgage Loan Correspondent New York Life Insurance Co. Orver a Thi Experience Property Cwners are coming more and more to reslize that rentsl income is a matter of rental management More and more we are being called on to analyze rental trends and conditions and to out- line operating policies far advance. Our clients tell us it pays them well in National Savings & Trust Co. is out of the city on a month’s vacation. ‘Thomas P. Hickman, vice president of the Pranklin National Bank, was back at his desk today after a month's visit to Maige. Lewis A. Mahew, formerly manager of the local office of Harris, Mooney & Co., has been appointed sales manager and head of the bond department of E. A. Campbell & Co. Arthur N. Mitchell, cashier of the Co- lumbia National Bank, has gone to ! Atlantie City on his vacation | Joseph Schiavone, ex-president of the International Exchange Bank, is attend- ing the big doings at Albany toda: Institute Speakers Sizned. It was announced today by James A. Boper, president of Washington Chapter, A 1. B, that Dr. Harold J Stonler, national educational director of the institute, will be the principal speaker at dinner here on September 13 At the same time jt was announced that Dr. Samuel W. Grafiin will give \he chief address of the opening mee ing of the chapter at the Willard on September 19, Both these men have been heard here before and are brilllant speakers Reserve Bank Farnings Up. Net_earnings of the 12 Pederal Re- serve Banks for first six months of 1928 were $12,800,725. This compares with net earnings of $6,600,018 for first half of 1927. Dividends of $4,105,249 were paid in the first half of 1928, against $3.827,094 in same 1929 period. Total earnings for 1928 period were $26429, ainst $20,412,375 in 1927 | Heavier rediscounting by member | banks st higher rates was responsible for the larger earnings Regular C, & O. Dividens The Chesapeake & Ohio Rallway Co. has declared regular quarterly divi- | dend of $2.50 on common, payable Oc- tobe | o stock of record Beptember 8, and regular semi-annual dividend of 8325 on Series A preferred. payable January 1 to stock of record December 3 Declared. Fastman, Dillon & Co, which main- tains & Washington office at 1512 H street, yesterday opened new offices in Chicago. The ouarters are equippsd with direct private wires to the Wesh- |inglon office and to branches in 14 other cities, Coca-Colai$). .. & Aikmn 1624, 162% 162 Bty BRI hbl4 e 62% 61 » 1200 118 B9%, Col Gas & E1(5) Col Carbon4), . n Cred 1st Com Cr pfl%). CominvTr(3.60) Com In'I'r pf 6% N Com Solventsis) 171 17) the educational fl)mmll(rr‘ om Powr(14)., Conde Nast(2).. Cungoleum-Nair Con ¥ilm pfi2). Coiwol Gas(b). . ConsolGas pf(b) I RKCubs pf 6 | Cont Mont (kue) CornkxBank (20 | n Pronde 1 | | ba Company . nAm ), dany Pkii4). urties Aerocl) Cuttr-Hame mel Fruit, Davison Chem. . Debenhmuiz18) Deeredtio pfil) Dol & Hudiy),. DetrolUKd(8). . Diamund 81013) Dudke Bros A ., Dodke Bros pf 1 Drug 106i4) ..., Duventer s bo) Dug Lt i), . HaALmAnITE) . Axieiz).. lee Btor Batih) Kk Horn . Em BrantgmiA) End Johnih), .. 0k #ble 2% 147, w4 7 w2 16 (N 12 640 wh 18974 9 [ 170 7% 108 BTy 104 bt 41 124% 104 201 166 19 [t q 477 1001 1840 A 154 ARy w2 “ 100% 0, Y41y 2ty 14 o4 148 9% i H2 Bl % 14 KEZ TN 12 1% 680 630 mb HdN 1nWin 188 W% 170 e ity 24 1 T 108 1060y Sushmann pf(7) 1280 128% 13 57 490 8% 62 [T 12474 124 193 198 202 201 16 166 10'% 18, 00t B8 WA aBo 417 1004 1004 186 184 AR 470 M 1B, BRI Rkl Bl AT K20 ESi 40 1001, 158 o [ Maytag(13). Maytag pt (3).. Maytag st pf(6) Mengel Co. . Mexican Seab. Miami Copi 1) Slid-Continent. Middle State Mid States ¢ Midland pfeti Minn SUP&SSM . M St PESSM pf . MStP&SSM 1114) Mo Kun & Tex. . Mo K&Tex pt(7) Missour Pacific Missouri Pac pf. Mohawk € 2¢ Montgmry W(ib Moon Motor Mors&isked Mother Lotioe Motor Meter A.. Motor IProd (2). Motor Whitz).. Mulling Mfg Munsingwrid). . Murray Corp. .. Nann Motrs16) Nat Acine ). Nt Helias Hewn | Nat Dept Stores Nat Distillers. Nut Distillers pf Nevada . NY A Brid).. & Liaek(1). . & Hurlmb) NYNHGS&H() N Y OntéWenin N Y Sun pfA(7) Norf & Wntriin NorAm hi0% st) North Pac (h) ., Nor Pae efsid) Norwalk T Norwalk Tire pt O Wall Supply . By O Well 8 pf, 78 Omnibus, ., 280 100 4 100 10 10 68'n 1001, T3 al Via-Car Ch pf(i) Vivaudou Co. Vulean Deun Wabasn. .. .. Waldor £(115) . Ward CLA¥), .. Ward Baking B. Ward Bak pr(1) Warner PloA. .. Wari Wuii). . pred) Vurven K& Pipe. Web & Hell. .. W P wli6) W Penn K1 A(7) West I 'oth) . . Went DaliyAtt) West Dairy B, Wt Mary tund. West Pacifle. .., Wes( PPacific pf Weual o pii1) 11a West Union(X) . Wesihne A B2) Weastinghsed) Wenton Weston A 5 White Haglei?) White Motorsd| White Sew Mach Willys Ovilio) Wilson & Co. Wilsun Co pt A Wilson & Co pf. Woolworth(s). Worthn Pump. . Wrlght Aeroiz) Yale&Iwne15) Yellow Truck.-, d200 d2 Youngstn 8his) 901y Hourly Sales on N. ¥. Market. tham. 754,000 12 noenl, Lom 20 ipm 1007, 1104 1o bin 0% 108 o0 105 44 1004 1 (% .l‘) ey hall-veariy d it ol thadlng ot o0 Partly At Plus 4% i sl P ed stoek Plus | id o Plus vear Rular v ble In stock ¢ A% In atoek d ahle when, earaed e Favable i carh stock s 10% 1 stoel Plos 8o i stork B Partly stock 4 Plus 3w i stoek & Blua 17130 ol auarterly i tock m Pavanle 1710 auarterly in United Claar Blores common stock. b Plus 1Th's o stock. States Department of Agriculture) Potatoes--Receipts. 30 cars: on track. 163. total United States shipments, 532 cars; supplies moderate; market slightly stronger on sacks, steady on barrels, Kansas and Missouri sacked Irish Cob- blers, 70a85; Wisconsin sacked Irish Cobblers, 125: Virginia, barrel, Irish Cobblers, 2.60a2.65. T PARIS BOURSE PRICES. PARIS, August 22 (. — Prices de- clined on the Bourse today. Three per cent rentes, 68 francs. Five per, cent loan, 93 franes 75 centimes. Exchange on London, 124 franes 24 centimes. The dollar was quoted at 23 franes 60 centimes CHICAGO DAIRY MARKET. CHICAGO. August 22 (). Butter Unchanged: receipts 5,384 tubs Eggs—Higher: receipts 8754 cases; extra firsts, 32a32',: firsts, 29a311'y; or- dinary firsts, 27a28 Poultry, Hens, steady: receipts 3 cars: fowls, 23a30: Springs, 31: broflers, 30; Spring ducks, 17822 Spi & 9. SILVER QUOTATIONS. NEW YORK, August 22 () —Bar sil- ver, 50; Mexiean dollars, 441, TRFASURY CERTIFICATES. & W Sellgman & Co b 00 fhd o B4%Hh Y !3 90 30.%3 33 99 2 32 00 N firm: balance (Reportea by o R i 303 3 31 Dec 9730-32 073032 e o FOREIGN EXCHANGE. (Quotations furnisvd ay W B Hibos & Co 1 Nominal gold Selline checks valie or'oar . todey Londo soaen e Aantr 100 atls, 0390 sl 1990 wlin, pound , dollar france bels, g h ce el adrid. peseta Vienna, sohilling udapest. pengo .. loty en. crown L erown Stoekholm, erown Just a fraction of your present in- come invested in the safest of se- curities—First Mortgage Notes on improved Washington Real Estate— will add greatly to your peace of mind and physical comfort in later years. Ask for the valuable free booklet: “An Investment of Proven Safety. Telephone: Main 2345 3 Upper Floors 12th ERE'S a most desirab SHANNON & LUCHS NCORSORATED First Mortgage Tnvestments 143¢ K Street, Northwest Berberich Bldg. & F le business location, in the heart of the fashionable ¥ Street shopping district, the third, fourth and fifth floors of the Berberich build- ing at 12th & I Each floor is one room, 60x60 ft., with 5 large windows on F St, and § large windows on 12t ® 8 n 12th St High ceilings, exceller light. Elevator service a street. The floors will he three together at a very mc wey Real Etate Ohny Invurance REALTOR 1t ventilation and plenty of nd separate entrance from rented separately or two or werate rental hone Alin 3027 Q2)New York, Ave. and 1237 Wisconsin Ave.