Evening Star Newspaper, August 24, 1928, Page 10

riN ANCIAL.” e Mortgage Money Loaned At Low Interest Ral Tyler & Rutherford Representine Mutuat Beneft Life tns Ceo 1520 R Street Main 433 “We elose at £:30 o.m antil Sept N Real Estate Loans Prevaiiing in- ns. Prompt Good service on improved properts terest rates and commiss replies to apolications Refinancing done THOS. E. JARRELL CO. Realtors 721 10th Street NW. Main 366 DESIRABLE Qffice Space For Rent Commercial National Bank Building 14th & G Streets N.W. See Supcrintendent SECOND TRUST MONEY if you want a sacond n to rednance vour Loans on D. C. real at low rat~s and torms, W. H. WEST COMPANY Founded 1394 1519 X Street Main 9900 Buck & Company Stocks Bonds Grain Cotton Write or cali for weekly market tetzer No obliga:t BUCK AND COMPANY Evans Bldg. 1120 New York Ave. Franklin 3300 = e B e A, e rYr LT ke ie Y ?” Tailors 10 successful men R BANKS MAY CLOSE SATURDAY NIGHTS |Prediction Follows Action of | HMount Vernon in Adopt- ing Policy. RY EDWARD C. STONE. | Permanent closing on Saturdav eve- nings of nearly all the banks in the | city was predicted today. following ves- terday's announcement that the Mount Vernon Savings Bank "had fallen into line and voted 1o closs on Satur- day nigh's the ' year around. LW Banks on Sov- enth and Nmth streets are the v | ones mos* intere: 3 ed in the mov: and steps are nor 3 | baing taken by the | Seventh, New | York avenue and K street branch of the American Se- curity & Trust Co. to ascertain af all the ban territory named will sign a closing agreement. Tha Security Savings & Commercial Bank decidea last Spring in connec tion with the Summ-r closing that th> bank would not opsn evenings in the | Fall. regardlcss of the policy of oth-r banks. The Lincoin. Bank of Com- merce & Savings, National Baunk of Washington. Franilia National and | olh>rs have long baen favorable to such action. but k°pt their doors op°n because of th> Mount Vcrnon Savings Bank. Now that agreement William F. Ham. this bank is to close. an is oxpected to bs reached | very easily. Bank officials state that the | Saturday night opening was started many yveers ago when the big stores | vere all open Saturday night. Now many of these stores are not open at all Sal urday during a part of the vear and never Saturday night. So great has been | the change in conditions that it is be-, lieved that the night closing will in-| convenience but very few people. | The bank clerks are delighted over ‘vh- prospect. Keeping open on Satur- dey nights has lengthened their hours, added considerable extra work and pre: | vented week end trips. New Bank Director Elected. | George E. Judd. son the late George | | H. Judd, has been elected a director | |in the Security Savings & Commercial | | Bank, taking the place on'the board |left vacant by the death of. his father. He: will be one of the very youngest THE EVENING STAR. WASHINGTON. D. €. FRIDAY, AUGUST 24 1928 | Abiubi Power 4 Abitibi Po pres) | Abrahm&Straus | Abr 7% vt Adams Exp (6). | Adv Rumley.... | Adv Rumley pf. | Ahumada Lead. Air Reductn(2). Ajax Rubber. .. Alasks Junea . | Atbany Papr | Alhed om . | Atlis-Chaim (1), Amal Leather. . Amerada2 Am Agrienl Chm | Am Agri Ch p Am Bank N(v Am Beet Sugar. Am Bosch ..... Am Br Shojl 60) Am Brown Rov Am Brown Bo f Am Canely. ... Ameer&Fdy (8) Am Chicle(2). .. Am Druge§oe). . Am Encaut? 40) Am Expressif). Am & For Pow. . Am Home Pre3) Ar lcet¥2%). . Am Interuati(2) Am LaFr&Foam Am Linseed. Am Locomot(8) Am Mac&Fy(4). Am Metalsi3).. Am Po&L pr(6). Am Radiatorts) Ani Ry Ex(6)... m Republie. Am Saf Ra 4! PTUTTETS W& Com. Open b2y %0 102ty 1104 338 A neitinz(§) 2 1 nuffel2y, Stl Fdys3) . Am StlFy pr(i) Am Sugar...... Am Sugar pf | Am Sumatra. Am Tel & Teli9) Am Tobacco(8) Am TobaccoB(8 AmWW&Elel). Am Woolen. . | Am Woolen pr.. Am Zinc. Zine pf. Anaconda (4) her-Dan(3) . Archer Dan rts. Arch-Dan pf7) AvmourDel pfe7 Armour, HICA). Armour, HI(B). | Armour. 11 pt(7) Arnold Con & Co Artioom(3)..... Asso Dry G Ass0 0ili2) Atchisoac1v)... 1. AU GuIf & Wi.. Atl Refining (4). Atlas . Hizh 82y 90 1024 05 339 4l 53 Received by Private Wire Direet to The Star Office. Low. Close. t b2 b2 | Electric Boat... 90 90 | LilecPow&Lttl) 1024 10214 | kilec P&LE pfi7) 110% 1107 | Klee Stor Batis) 338 339 | Em Bran Al 4l niersos B uf. 83 8 xineers Pubh § 3 g Pu S pf(s) tablelri1) o reka Vitls). change(1ta). ol Mot'T's f80c) Fidelity-Phoens Fifth Ave(6ic). First NatSo143) Fisk Rubber. Kisk 18t pfeveT) #iaxchmanni3) Fox F1lm At4).. § Kreeport (16% ). 1063 iy Gabriel Snuh Gardner Motor. . Gen Am Tukd) cien Asphalt ... Gen Asph pf Gen Cable. . en Cable A(4) Gen K Gen GusA Gen Gas pf A(7) sen Ice Crm(3). Gen Molors(*7). Gien Mot pf(7).. Gen Lutdr Ad(4) GenOutdradi®). Gen Ry Sig(3).. Gen Kefrac(3).. illette Raz(5). raham-Paige. . Grhm-Paige cfs Granby Mimc4). | Grand Un p Grt North pf(3) GuNor pfefsis) Grt NorOtlig). Grt Wn Sug 2.80 Greene Canat4), it Mo & Nor. Gulf Sta 18t(7). Hack pf A(1%). Hack W pfe15) Hunna Istpt. .. Hartmn B(1.20) ‘HuvEl Ry pf(6) Helme G Wi5).. Hershey Corp Hershey pf(4).. Hollander & Son Houshold(r4) 9 | Houston UI 1984 | Howe Sound:4). . Onen, High, Low Close o1 100 10% 37 37 108 108 Bl 82 By 9 A AN 42% A2 98 08ly 450 N ¥ Ont& Westn N'¥ Railways pf N Y Sum ufi6) .. Norf & Wnirin NorAm b10% st} North Am pfi3) | North Pac (5).. | Nor Pac cfsih). | Norwalk Tire 01l Wati Suppl Qupm Otis Eleviil). . | Ous Steer. | Pacinc Gasi2).. Pacific Light «3) Pae 1l Stubs | Pac Tel & T(7 "ackard Mo« i4) Pan-Am Petrohr Pan Amer Vet B Pan-Am Wu B.. { Pannandie . Parmu-Fmi¥) Vark & Til (). Pavk Utahisve). Pathe ks Pathe Bx(A) . Patino Mz.92). Peeriess Motor. Penick & Ford. . Penn Dixie Cmt SGas(¥). Phila Co (532). Phila & K C& | ©nil Morr Phillips-Jol PhithipsPenl s ) Phoerix Hosiery rierce Arrow. .. Ar(A).. Arcow pf | Lostal T&C pt Postum (3) Frodu & | Prophylact Pub Serv NJ () Puliman Cou4). . mta Aleg Sug. | Pure V1l (abe) .. Purity Baki#).. Purity Ba pt(6). | eal Sik ptei). D& Co. . - eand Ist(?). Heo Mot T1.20). Kep | & S(4). .. Heop | &S pf(7). ey Tob At5). .. Keynulds Spaxs. Richhield Uil(2). Iioysia Ins( Royal Diu3 Liutland pz. AT hinset4 yoldsTopB5) 1 NEW YORK STOCK EXCHANGE 183 19414 10 A8y 93 25 ' 8hly 59 *|all industrial favorites rapidly upward *'and in some cases to record highs. The 133 1901, T STOCKS IN DEMAND AS MARKET RISES Un'ooked-For Reduction in Brokers’ Loans Is Signal for Buying. BY GEORGE T. HUGHES. Special Dispatch to The Star NEW YORK. August 24.—Suceessive | waves of buying swept over today's | stock market, carrying quotations tor | { | | market was active from. start to finish a inelrl_\' 3,000,000 shares changing hands | in_the first four hours. Peatures at the close included Mont- gomery Ward a' 2191, up 17 points; General Moiors at 1927, up more than 5 peints: Greene Canznea. at 111, up 7 points, and Atlantic Refining at 168, up 7 points. Money renewed at 7 per | cent and held all day. 1 Industrials Leaders. Nearly all the early leaders were in- { dustrials, but in this group the favorites | were scattered all through the list.!| American Smelting and Refning stood | out. It had closed at 239% yesterday with a net gain of more than 8 points. It opened today on a block of 3, shares at 235, up 5'j points and at the highest on record. Before noon it had | sold at 240, where the gain was over | ten points. Othar copper and mining stocks went along to a greater or less| exient. Anaconda was the leader. up over three points, but Kennecott went I‘M a now high fer all time, just below 3. United States Steel started in with 9,500 shares at 152, in contrast with 14955, the last sale yesterday. Steel had been heavy nearly all the day before. which probably encouraged short selling. There was a hasty retreat of hear opera- | tors today -and, although the stock re- ceded from its top after the opening. it | was actively supported. Midland Steel | Products preferred, always a fast mover ran up between 5 and 6 points. The mail-order stocks continued in | the limelight. Montgomery Ward be- gan the day at 205, a new high, and be- fors two hours had passed was selling | at 212, up over 9 points. Sears Roebuck | came along a little later, but also sel a new top above 149, Allied Chemical, another popular issue, soared between 5 | and 6 points to the highest on rcmrd.i American Can s:arted with a new hign | at 109, a gain of a little over 3 points. Continental Can made a new high. | Motor Stocks. H The motor stocks were not neglected. | Chrysler was the leader at the start, selling at $100 a share. a price never be- was 10,000 shares, and repressnted a I rise of 3!, points from the preceding | competition with peaches, pears and | { astern_peach-producing sections led to fore cquaied. The opening transaction | FINANCIAL.” CROPS SHOW GAINS DESPITE WEATHER Fruits and Vegetables Are Mnkingi Progress, Says United States Report. | Heavy rains in late August caused | some flooding in lowlands and damage to certain crops, especially tomatoes, in parts of the Middle and South Atlantic | States. In a general way. the fruit and vegotable crops continue to make good pregress, says the report of the Bureau of Agricultural Economics of the De- partment of Agricultur | Potato shipments are lighter than in | Midsummer, coming now at the rate of 100 cars per day. Supplies are report- ed moderate in Eastern markets and liberal in the Middle West, yet the first | unturn in recent weeks started in Chi- cago toward the end of August, ad- vaneing the price of Midwestern Cob- | hlers about 25 cents, reaching 81 per 100 pounds. Mew Jersey Cobblers are 2bout steady in Eastern markets. most- | ly $1.15 to $1.25 in the cities and $1 at shipping points. Demand : improving in producing s arowers feel a little more encouraged w0 dig and load their potatoes. Penn- sylvania early stock soid at $1 per 100 pounds in Baltimore. Long Island sacked stock brought $1.25 to $1.35 in | New York. | Sweet potatoes from the Easters | Shore section tended to fall away from the high opening prices on account of | increasing receipts. Prevailing range | has been $3.50 to $5.50 since the middle | of August. ! New Jersey vellow onlons advanced | 10 to 25 cenis in New York toward the end of August. Maryland yellow stock, ungraded, has been selling at $2.25 to £2.50 por 100 pounds in Baltimore. Pro- duction outlook is fairly promising from the market point of vi>w, with prospeet of a moderate crop. | The epple market seems likely continue unsettled for awhile, owing to | good yield of early varieties and California fruits. Early Eastern apples have b=en selling from 75 cents to $1.50 | per bushel in city markels. | The let-up in shipments from South- | more moderate supplies in some mar- Kkets and slightly upward price tendency. | Georgla Elbortas advanced 25 cents per | bushel in New York in late August. Virginia Elbertas ranged $1.75-32.25 per carrier and New Jersey Hileys $1 to $1.25 per bushel. Another “comparatively the Mexican bean weevil stroying many plantings in the Southern and Middle Atlantic sec- | tions this season. Spraying with cal- new insect cium arsenate applied as for potatoes || seems to be effective, but not easy in practice. owing to the habit of the | young sides of the leaves, Pear receipts are still largely Western. | but supplies of early Eastern varieties | from New York State and elsewherr { have been increasing. Sales of Clap to|] parp | | beetles collecting on the under | = ~all classes of income-producing oroperty Large Loans a Specialty Gurrent interest rate and commission Higbie & Richardson, Inc. 816 15tw St. N.W. In Nearby Virginia 1 Prudential 5 /2% Insurance Co. Loans Commonwealth Investment Co. 917 IMh St NW. Phone Main 2623 National Mortgage and Investment Corporation desires to purchase good notes secured by second trusts on improved real estate in the District of Columbia. Prompt Attention to Applications National Mortgage & Investment Corporation 1004 Vi. Ave. NW. M. 5333 FIRST & SECOND | TRUST MONEY Ccmplete Financing --of both FIRST and SECOND trusts on |l —HomEs Il —aparTMENTS —BUSINESS PROPERTY No Approisal Fee Prompt Service Real Estate Mortgage & Guaranty Corporal Main 1403 26 Jackson Place FIRST MORTGAGE MONEY bank directors in Washington and is | now interesting himself in his father's business, the latter having been & mem- | Aus Cred(4.49). | ber of Judd & Detwiler. Inc... publishers | Auto Sales. .... iof the Geographic Magazine. | Autostrap A(3). The late George H. Judd had been .. .; ..joc 7y a director imthe bank since its organi- | (SFWN Lacti). & zation_and at the time of his death! gllio S iim)e . was chairman of the evecutive com- | ginkorbaniie) | mittee. The vacancy on this board hes g, (0 il o) been filled by the election of Francis J7Cl Lescher. A Blundon. | Barker Bros(2). Financial District Gleanings. Bayuk 15t pf7) | Beacon VIl..... William F. Ham. president of the | peuchnut(i3).. 1 h AT Washington Raflway & Electric C0..| Belding-Hemwy 6} Int Bus a(s)... is on his annual vacation. He it again | Belgk pf(75.98) = -hn::‘am!v’ufl . in Canada enjoying a fishing trip. Mr.| Bes: & Co3)... fox | l:l H?Tv,:“s‘i Ham is such a good angler that the| pethienem Steel “oped b M‘I i 1.’ 3 | fish are far more afraid of him than | Beth Sieel pfii) hils “l".l mc ML | of President Coolidge. SioormiBaRxia: < | 1nt Mar Murine. | "A. G. Neal. vice presfdent and con- | Blumenthal pf.. T nta G \troller of the Washington Raflway & | Bon AniAd4).. §S TR0 oo | Blectric Co., is on his annual vaca- | Hooth Fisheries. 3 | tion, g most of the time on the | Buoth Kish Lst.. As ycu who own apartmests || golf links surrounding Washington, | Horden ik i6). | G. Bowie joman. head of the - | Botany MilistA) look head, do you find the ||, o0 O oo Harriman & Co.. s ex- | Brisga MfzFCo. prospect of full occupancy pected home from his European tour i British Empire. i September 8. British Bmp 2d. Sod Satistortiey focums. v George L. Starkev. president of t Broekwy Mott4) to the ‘measure of your | National s:;:-k of w.z.mmwsi is past Brockway pf(2) hopes? If ', o inz ths wesk end at Ocean View, near | Bkiyn Edisni8) 7 ‘". st |Old Point Comfort, Va. He left here | Bkiyn Ed cfs(8) ter see wus. Specialized property management was mever more opport: y of- last night by boat. Bkiyn-Mani4)., North Ameioqn's - Assile GIOW. - | priroOnits) fered than now. B. F. SAUL CO. { BklynUnGasts) Main 2100 925 13th St. Austin A Auto Sales pr(3) St dus Leadt i) S . General Motors had a split open- v v e 55010, 10075, compared with the cmre il : | final of Thursday of 187'.. General| SevaRy ATt » | Motors resisted the ensuing realizing Sahuie better than Chrysler, although the lat- | At [ ter was strong aso. {WOULD CURB OIL opening weeks of the season. e ® | S oo “he list could be extended almost in- OUTPUT., g definitely. Public utilities took an active i | part in the day's proceedings. Columbia | gklahoma Commission to Consider | Gas. which had been reactionary, moved | State-Wide Curtailment. | up with a rush There was an urgent demand for Public Service of New Jer- OKLAHOMA CITY, August 24 (®.— | A proposal to extend the Seminole oil | sey. ,,.".‘:,‘3::“;":,,;’:‘,”.,h':"’i,'fi"};:f,"?.ec;‘;"{f | fleld curtaitment program to include all | fracilonally above e Prsdian Pacine, | State ofl fields will be considered by | .. | Atchison and Southern Pacific were in the State Corporation Commission at e Tulsa September 6. demand. The last-named selling ex the | 2070 R BP0 Pihe Statewide order - was | f,',,"-‘;'-'f &',‘.:&",‘{ dvldend o S mcifi | Was flled yesterday by Ray M. Collins. | made one of the best showings so far in | Seminole field umpire, acting on be- the July earnings statement. half of opetators in that field whe seek New leaders were taken up in_the | (0 hold State crude production to 700. afternoon while the gains in the others | 990 bfimlx ldfl"y. ‘;‘.f' t‘o ddeol;use% con were being consolidated. The airplane | :;‘mgh:n of by-products during Winter | stocks advanced sapidly, Wright was | ™Mooy, petition further asked that . ! - —— - - :.?.,,'u".‘}"',',“a" . h‘,“"mf | all wildeat, wells be held to 100 barrels | P tlantic Refining, carrying the swck | 48ily for 30 days, and that when pro-| 5 points. The voiatile Warner duction increases in minor pools tyz- :nmc Pletures “A” went to & new high curtallment program become eflu:t!-’!1 Sinee listing at 88, International Nickel | Immediately. | ONG . At 64 142% | Favorite from Eastern New York rang: nia Avenue $1.75 to $2.50 per bushel during the You will find it prof- itable to our lonz experience in making your First Mortgage loans on cither business or residential property. Quick decisions. BT 7 use B Indian Mot 115) tndian Refining. (ndian Refg ctfs nland Sck163% ) Inspiration Cop. InterboroRup™r interconttubher Internat Agri. .. int Ag Zh of (7). Over a Third of @ Century’s Experience .. Stuclaic Uil Shetly Uil Snider Packy Co Stider £'kg vt . . Su Lot Kie s South Por pf(x South Cahii kd.. South Dairies A. South Dairies B. South Luct8), Low Interest Raotes and Commission B. F. SAUL CO. Main 2100——— 925 15th St. Int Paper IntPap cfs(2.40) In Pap pf cfse7) int Ry Cent Am. Int Ry CA pf(5) Int Tel & Telek) Isiand Creek(4) Jewel Teatd). .. Johns-Many (3) Jones Tex...... Jordan Motor. Spicer M{x..... Std Com Tobe3). SWG&E (dl). Std G & K piid). Std Miliing(5).. Std U Calizlz). . SWONNI 14 ). SWOINY (] 60) . S P Glass pf .. StdSanProy 8) Staniey Ce . Stewart-W Strom Car(). Studebaker a) Submarine Bout. Sunvilal). Superior OI Superior St Sweets of A Symington Symington Cl AL nn Copper(1) . Corpnis Gulf Suice Xan & Pacid). x PacC& Ul Tex L Trenew) Thatcher Mig. The Fair(2.4v). Thomp J K3.60) Tidewater AsUil Tid WASOLIDL(6) Tidewuter LIl §0 Thnken s ‘Tobue Prodim). Tob Prod cfs(A) ransguut Ul . Transue & W) Trico Prod (2 ') Udwd K &4 Un Bagsap Union Carbis). . Un Ol Culi2). .. Union Paedlv) .. Un Pacitie pfi4) Union Tanktb). Utd Biscuit 160, Utd Cigur Ste1). Ut Kruitivols ) USCLP&F(10) U N Distributing U S Hoftmun(4) U N Alcoholth. USIndAlcopf(7) was actively bought. | 2 b Demand for the mall order stocks NEW YORK BANK CLEARINGS. continued unabated and both Mont- gomery Ward and Sears Roebuck sold | at their best in the afternoon. Gen- eral Motors and Chrysler were steady. | 5oq National Supply above 100 was up 4| ,., points. United States Cast Iron Pipe. | = which had not sold for wecks. came out | on the tape up 6 points at 248. | . e Consult Us First LOANS FOR STOCKS If you need money for GAIN WITH PRICES your Real Estate financing |/ let us have your application | FEAe DA toda Bond Loans Show Decrease, Caus-| ing Puzzle Over Sudden Reduction. NEW YORK. August 24 (Special).— New York bank clearings. $1.028.000.- | 000: New York bank balances. $105.- 000: New York Federal Reserve $80.000.000. Ths consolidated statement of the BrownShoe(zs) North American Co. and subsidiarics as | Brunswick B(3) | of June 30, 1928, shows total assets of | Brunswick Ter. $811,532,051, compared with $700,716.- ' Bucyrusii) 428 on June 30, 1927, and profit and | Bucyruscviziz) lozs surplus $65,302.432, against $43,- | Burns BrosA(s) 591,191, Current assets were $48,168.- | Burtoughs(vd). 638 and current Mabilities. including | Bush Ter pf(7), ccrued Mabilities, $36,277.358, compar- | Butte Cop & 7 ing with $47.787.620 and £33,701274, | Butte & Sup(2). "\ : recpectively. on June 30, 1927. B! Bank Plans for Fiower Show. | | Monday and Tuesday of next week" the Federal-American National Bank On Improved Property will hold iis annual flower show in the | ||/ 1obby of the mstitution at Fourieenth | iand G streets, according to letters of | in Maryland and District of Columbia ||| announcement ~ received today. “Let's |l| gzrow more flowers in Washington” is {the slogan adopted for the show by | | Interest ces, CONSTRUCTION LOANS Mortgage Loan Department SHANNON & LLUCHS, 1nc. 1435 K St.. N.W_ Phone: Main 2345 elvinator Corp Kennecott 16). . Kolsier Radio. Kraftglig) Kresge( 1 60) Kroger Gro(el), Laclede G pf(5). Lago uit Lambert Co (16) Lee Tire & Rub. LehighValt3), 124 102 31 1 Calit Packg(4). | Callahan Zinc. . Calumel&Are Prompt Service No Appraisal Fee Cau Pacifici10). ‘annon Mills. .. Case Threshk($) Cent Alloyi2).. Cent Alloy pf(7) itury R pll) erro de Panis) . 73y, | Lot Certain-Teed(4) 1 43 s 0 Certo Corpnii4) 7 * | Lorillard Co. . Chandler-Clev. . Lorillard pf(7 Chandler-Ci pf . Ches & Ohi0(10) C &0V Corpnii), Zhi & Alton. ... & Alton pf.. ) & East 111 pf | Chi Great west, | Chi Gt west ot 1 Mil & 8L P, . | Chi Ml & 8L uf , B 1 L.1q Carb(3.60). Loew's(73). . Special Dispatch to The Star. NEW YORK, August 24.—If the | separate figures of loans on stocks and loans on bonds wer> available it would | probably be found that during the past week there had been an increase in the one, as the average of the stock market rose 7 points, and a.decrease | in the other. This would explain the pugzling reduction in brokers’ loans of $22,000.000 against estimates of an increase of from $50,000,000 to $100,- | { John Poole, president of the bank. | Flowers to be placed on_exhibition will include zinnias. marigolds, asters, dahlias, gladioli, roses. petunias and| wild and old-fashionad flowers. All| flower growers have been invited 1o ex- | hibit their best flowers in compztition tor prizes. The ben%: i5 taking this method of | showing its civic interest in the city| with which it has grown up. It solieits | || the en-operation of every one who loves | ||| flowers. Slergenthaler is Market Leader. The volume of trading on the Wash- ington Stock Exchange today was led by Mergenthaler Linotype, two 20- and one 10 share lot selling at 100%;, up a quarter point from yesterday. Potomac Electric Power 515 per cent preferred came out at 106's, Columbia Sand & | Gravel at a new low of 90% end Cap- | ital Traction at 104 | “Union Trust was changing hands. The stock opened at | 321 and closed at 321, on a 15-share | !lurnon ‘Ten shares of Merchants’| { Transc; #: Storage preferred sold at | 40! C 1108 and 100 of National Mortgage & |'°™ Investment preferred at 43, In the, unlisted department 3 shares of Ra-| |leigh Hotel stock moved at 100, vty Trading in the bond division was | om Fowr(rs).. quite active at recent levels. The un-|Gonde Nastiz).. listed securities were called off. The | C0nsOleum-Nair | bid on Chapin Sacks 8 per cent pre-| | ferred was placed st 107, with 95 on |C Washington Base Ball Club. The bid on | Consol Gastd). . | Northeast Savings was raised from 19 | ConsolGanpf(b) | to 20, nftRCubs pf 6 Local Bankers to Welcome Hoover. Robert V. Fleming, president of the District Bankers' Association, answering & request from the Hoover reception committee, appointed the following local bankers today to assist in welcoming | the Republican presidential idate | Cont insurdd). . | when he arrives at the Union Station | Cont Mont (8ve) this evening | CornkxBank 2o John B. Larner. president Washington | 010 Pro(vile) | Loan & Trust Co.. Howard Moran, vic president American Security & Trust Co.; Francis G. Addison, jr., vice presi- | dent Becurity Savings & Commercial Bank: Wilmer J. Waller, vice president | Federal-American National Bank. Lan- i1 P. MeLachlen, head of the McLach- len Banking Corporation, and W. W, Spaid, partner in W. B. Hibbs & Co, They will join the reception commit- | tee vepresentatives from other civic | bodies et the Union Station at 815 to- | night No Commission Charges WEEEERS 809 15th Street N.W. Main 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company McAndrew MeGrory Atz).. MetCrory 82) McKeespt T Equitable Co-Operative Building Ass'n. WALTER S. PRATT, Jr., Secretary 48th YEAR COMPLETED Surplus & Profits.... $1.578.0 JOHRN JOY EDSON, President ,000. Organized 1879 For the past two weeks bhonds have coe..85.449,204.49 been moving out of the hands of syndi- | cates and dealers and into those of the investor. ‘This flow has been stimulated by a repricing of new issues and hard | work by sales managers and their sales- | men. One organization reports the dis- tribution recently of $25,000000 of ' bonds, of which nearly all were issues | brought out some months ago and | wlmost impossible to move prior to | August 1 | The most careful estimates of houses dealing in bonds and those of the Fed- eral Reserve have placed the undigested bonds at between $250,000,000 and | $300,000,000. ‘This figure did not | change materially during June and | July. Sinee the beginning of this | month it is believed the total has been | reduced between 20-and 30 per cent This would not be a large amount for the market to absorb under normal money and price conditions. Fre- quently this year $100,000,000 to $150,- 000,000 of new bonds have come into | sight in one week. Assets Subscriptions for the 95th lssue of Stock Being Received I SAVE plans = | § AMaud 8Ba G Magma Cop(3).. Man El Sup(5).. Man Elev gtd(7) 981 | Man Kl m2gids) 146 | Man Shirt2). .. 7015 | Man Shive pf(7) 168, | Mara b6 | Mar 6114 | Martand Uil 5 | Mar-Rock 2 Party... Mathieson(6). .. Mathieson pf(7) May Dept 514).. Maytug(v3) .. Maytag pf (3) Maytag Ixtpf(8) Mengel Co Mexican 4 4ble le Cotziy Chryslerii). ... City Inv Co(10). Cluelt-Peabis), Coca-Colat$). ., the only stock | ‘10'11. In the Equitable Systematically S Leather A. Ieality (4). Lay your now for hnancial - dependence by open- ing an account m the Equitable. Start No matter what you are saving tor—a nome, your children’s education - you'll find the Equitable’s sys- tematic plan a nelping hand to accumulate money. Continental Trust Co. 14th and H Streets Capital, $1,000,000.00 B Smelt ($43). .. of(7). U S Tobaceotd) . Uni Pie It pEes) Uni Leaf Tobid) Univ Pipe & Raq Ut P&L Avez). Vanadiumoi4) .. Van Rualte pf. . Vick Cheni(4) .. or Tulks (1) ‘uro Chem. . Va-Car Ch pfid) Vivaudou Ce Vivaudou pt(7). Vulcan Detio. .. Wabash, . ....e Waldorferhy). . Walworthil 20) Ward CLAG). .. Baking B, Bak pfe7) 14 Ba'n 814 1781 minyTres 60) Com Solvenini$) now, today. Checking Accounts Savings Accounts Acceptance Credits Time Deposits © 4 Midland pfeviz) 2 Miller Rubber . . Minn SUPESSM . Mo Kan & Tex., Mo K&Tex pf(7) Missour: Pacifie | Missourt Pao pf. Mohawk C 63%;¢ Montgmey W (1b Moon Motor, ... Mother 1 Motor M Motor Prod Motor Whiiz Mullins Mfg, . Mullins B pf(8), Munsingwr(d) .. Murpay Corp... Nuan Motrsti6)- NaL Acine (), Nutd Biogiv6'y) . Nat Cawh 1} A13) Nat Duiry(§). .. Nat Dopt Stores Container B 6ve, Markets at a Glance Foreign Exchanges Cont Baking A.. 4l 82 18 82 114 NEW YORK, August 24 (#).—Stocks strong; Montgomery Wara rises 13 points, Bonas firm; trading light Foreign exchanges firm; pojnts. Cotton higher; vorable weather. Sugar steady: support. Coftee hogher; European buy- ing. CHICAGO, August 24 (#) —~Wheat lower; betier weather Canada. Corn easy: predictions higher temperatures. Cattie steady to lower. Hogs steady. Commercial Credits Travelers’ Credits B SRNTRD 7s 3 Upper Floors Berberich Bldg. 12th & F ERE'S a most desirable business location, in the heart of the fashionable F Street shopping district, the third, fourth and fifth floors of the Berberich build- ing at 12th & F. Each floor is one room, 60x60 {t., with 5 large windows on I St. and 5 large windows on 12th St High ceilings, excellent ventilation and plenty of light. FElevator service and separate entrance from street. ‘The floors will he rented separately or two or three together at a very moderate rental, —phone Travelers’ Checques Collec Real Estate Loans Collateral Loans Investment Securities m 109% 40ty b I 1hin 1694 B0 1004 1t 10514 1y Cudany Pkgt4). w Curtine Aerot1) Went ¥ I'ot6). . West P Po pti7) Went DuliyA4) Went Dairy B. . Weust Maryland, Weat Md 2d pf. . West Paciha. ... t Pacific pf Weut Unjonts) hi Aeroi2) 1810 170 1304 1597 Wrigley(1hl) .. (9% T 60N Yellow Truck... Hdty f4w adiy Younkstn 8bi6) 90 90N 90 Corporate Trusts Ur-Ham(3%4) Davison Chem .. Deera&Co nfi1) Del & Hud(9),.. | et L& WevT) . | Letroit Ba(8). . Devoek it CIA VS [ Dtamond Mesy) Administrator, Executor o | Construction Contracts. NEW YORK. August 24 () --Engi- | neering News-Record reports the money | value of construction contracts let in | the United Btates last week $80,503,000, substantially in advance of the previous week, when the total was $64.997,000, and (he corresponding week a year ago| Puvont(1i3s0) with & tote] of $66980,000. Contracts| Kastmaniid). . Iet since January 1 total $2,338,673,000, Axlei2), ageinst $2,044,973,000 in the seme period " Kisenlohr&Bro, last yeas, ,", 00,000 Tum 086,500 Dividena cat B iSons i, 2 e, S et alf {aTArly pxbie 1 prolerred 4 il tus in stoo Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H COOPER, President Capital, $1,000,000.00 Nat Leadih). ... 12 Nat Fowk Ll 1) Nut Ry Mex Nut Supply(76). Nat Surety(10). Nat Tasid). ..., ¥ Nevada Ct14). 1004 Bld4 i A2 EUI Aain 5027 O2)NewYork, Ave. and 1237 Wisconsin Ave. Real Estate Loans Insurance Drug tne Dunhiil int(4). . White Hoek(¥). a1k White Bow Mach 1700 1717 White §M pfi4) 4 7 7 | Willys Uvy) 20) 126 <126 3 Wilwon Co nft A. 1041 1041 Wonlwarthid), . 194 “- w Worlha Puap. . l*- ’ s ol LA LS o Sl Ao i I84 186 | N Y Cont titn)., W AT N Y C& B, 21 NYCStLpt( 2 anacterly in Kieo Auto Li(d)., Wit atock, B Plus