Evening Star Newspaper, August 27, 1928, Page 14

TINANCIALS,, Mortgages Investments JAMES Y..PENNEBAKER Main 5328 1520 K St. N.W. | GASFRMINCOVS - HRILY 328 ADbitibi Power(4. B5l% Abrahm&Straus 102 1 Abr&Stras?% pt 110% 1 DESlRABLiE Office Space For Rent Commercial National Bank Building 14th & G Streets N.W. See Superintendent FIRST TRUST LOANS 53% to loan on D. C. real invited. Money estate. Prompt att W. H. WEST COMPANY Founded 1594 1519 K Street Main 9900 . I LOANS On Cen:rafly Located Business property 5% Interest Consult EAVER BR(’)S REALTORS 809 15th Street N.W. Main 9486 \ CEIEAEIRR We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street Buck & Company BROKER! Establishe Stocks Grain Write or 916 Bonds Cotton for weekly market No obligations BUCK AND COMPANY Evans Bldg. 1420 New York Ave. Franklin 7300 The National Mortgage and Investment Corporation s urchase good second -d strict fesires t —desires to 1 the Di Prompt Attention to Applications National Mortgage & Investment Corporation 1004 Vt. Ave. NW. M. 5833 Investments Mortgages JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. REAL ESTATE LOANS 5% & 5%% Homes, Apartments and Business Praperiive In District of Columbia and Nearby Maryland-Virginia 3-5-10-Year Terms Prompt Replies Randall H. Hagner & Co. (Ineorvorated) Decatur 3600 1321 Connecticut Avenue Morigage Loan Correspondent New York Life Insurance Co. | the i Adv Rumley. Al'y Adv Rumley pf. 524 Ahumada Lead.. 3 Air Reductn(2). T84 Ajax Rubber 8 Allied Chem. ... 19 Allis-Chalm (7). 132% 1 Amal Leather.., 10% s Amerada(2).... 30% 4m Agricul Chm 19% | Am AgricChpt.. 7 Am Bank N(13). 121! Am Bk N pf(3). | Am Beet Sugar. Am Reet Sug pf. Am Bosch Am Br Sh(j1.60) 41 Am Brown Bov. 13% Am Can(2)..... 107 1 | Am Can pf(7)... 140% 1 | AmCar& Am Chain pf(7). of the| Am Chicle(3). ! Washington and Georgetown ' Companies File Reports on Profits. The combined net income of the |'| Washington and Georgetown Gas Light | Companies for July totaled $13,263.27, | according to reports filed with the Pub- | lic Utilities Comission today by the two companies. Of this amount the Washyg | ington company reported an income of and the Georgetown company $4.545.64 The gross corporate income Georgetown company was given as $9.- | Am Drug (8| 2. but deductions for interests on| Am Enca operating revenues, expenses and | Am k S(6), 2 taxes, brought the figure down to $4.- | Am & For Pow 445.64. The interests on debts was plac- | Am Hide & L pf. ed at $4.827.98: operating revenues, $55.- | Am Home Pr ting _expenses, $43,906.06.| Am Ice( Y 3.38 Am Intern | The Washington company Am LaFr&Foam operating revenue at $36 Am Linseed. . operating expenses as $264 Am Locomot (8). collectable _items totaled $2,530.16 and | Am Mac&Fy (4). 1 taxes 6.31, leaving an operating | Am Metals(3).. income of $61.578.04. ‘ITe gross corpo- Am Piano pf. rate income was $65.720.52 and deduc- | Am P & L(f1).. tions from this for interest on debts, | Am Radiator(5) | ete., was listed at $57.002.89, leaving a | Am Ry Ex(6) | net income of $8. 63, | ::‘: lwgnll‘llx‘u“". Market Is Active. renC ey ng was active on the Washington | Am Ship & Com . Stock Exchange today with prices hold- | Am Shipbldg (8 | ing steady to stronger. Public utilities | Am Smelting(8) led in volume, but Mergenthaler, Peo- | Am Stl Fdys(3). ples’ Drug and Sanitary Groce: over several shares at increas | prior sales Washington Gas 6s A changed hands | in two blocks of $500 and $5.000 at 104, 1 point above last sale, while George- 5s sold in one block of $1.000 | Am Typelo(8). 113 1 also at 104, Washington Gas 6s B went | Am T¥pe pf(7) 10 t 1047z, cas a fraction above | AmWW&El(cl). 5 the prior pri Am Woolen, Mergenthaler Linotype sold in three | Am Woolen pf.. blocks at 1007, 100% and 100%, Peo- | Am Zinc... i ples Durg Ctores preferred rose from | Anacon one sale at 10815 to 1091, as compared | Archer-Dan(3). to the I ale of 108. Archer Dan H\;, District National Security pl’!‘fl‘"?d‘“\;:"g:j:‘;’it(‘fi;l was up to 103 on a single share (. | Armour, 11 pf(7) 2.40) 61a 1184 1 96% reported its 2.38 and 7.87. Un- Trad es over Sugar...... TI% Am Sumatra.... 641 Am Tel & Tel(9) 17914 Am Tobacco(§). 1 New Title Company. The Capitol Title & Guarantee Co, | Arnold Con & Co which has been in process of organiza- | Artloom (3) tion and preparation for over three | AssoDry G vears, will formall- open its new office | Atchison(10)... in the Chandler Building. on I street, | Atchison pf(3). about October 1, giving the National AtlGulf& WI.. 4 Capital a new title company, it was MlI-eflmngu.). 170 1 {announced in a formal statement from | Atlas Pow pf(6) 104% 10 e company. | Atlas Tac 15 The company is headed by John Paul | Austin-Nichols, 5% | Earnest, as president and general coun- | Austin-Nich pf. sel. The vice president is Ezra Gould. | ajo & 0(6). 45 194 19 10415 16 | Savings Bank. 0 the Washington Loan & Trust Co. 15| BankofMan(16). 749 treasurer, and George Baillie Spring- | Barker Bros(2). | ston, secretary and title officer. Other | garnsdall A | directors of the company are: Charles | Beacon Oil. |LaSalle Bryant, Dr. Mark F. Finley,| Beachnut(t3) Lyle S. Lipscomb, William S. Parks.| Belding-Hemws Luke C. Strider and William C. Taylor, | BeigR pf(15.98). {all of this city. Best & Co(3)... | The corporation, it was announced.| Bethlehem Steel {“has a force of more than 100 Clerks | Bon AmiA(4).. | preparing a plant that will provide ac- | Booth Fisheries. | curate and immediate service to the | Booth Fish 1st.. {real estate and banking interests of the | Borden Milk(6) {eity as well as to building and loan | Boston & Maine. and mercantile associations. Briggs M{gFCo. | “It is claimed,” continued the formal | British Empire. | statement, “that the system will serve | Brockwy Mot(4) the modern needs for expeditious service | Bklyn-Man(4). . with absolute assurance of accuracy. In| BklynUnGas(5) 1 order to effect this desirable object the | Brunswick B(3) new company has contracted with the | Brunswick Ter. New York Title & Mortgage Co. to UAT- | Bucyrus(1).... | antee all certificates of titles issued. | Bucyruscv(21%) 73 514 6% 36 ¢ turned | Am Stl Fy p£(7) 110°% 11 49% 5 65 5 — —ewsiléh THE EVENING STAR.” W) NEW YORK STOCK EXCHANGE Open. High. Low. Close. | 51% 05 10% A1 “ 3 KLY 201% 10% 07% 401 921y 20 96 10% Am TobaccoB(8} 164% 166 14 09 2014 944 0419 50 70 04% 15 5% 28 28 - « 111% 111% president of the Washington Mechanics | pang & Ar(315). 76 76l Eliot H. Thom:an of | Bang & Ar p(7) 111% 11 1% 55% 165% 16715 51 62% 64 673 54 46% | The New York company, with capital | Burns BrosA(8) 1197% 1197 | resources of $44,000,000. announces its | Bush Ter pf(7). 117 | willingness to make this arrangement | Butte Cop & Z.. 9% | with the local company after their ex- | Butte & Sup(2). 10% | perts had examined the plant, which | Butterick Co. 445 | they pronounce to be 'one of the finest | Byer & Co. % sitle plants in existence; which they |By-Prod(12.75). further state, “will be a distinct benefit | ..o ooy o) to the city of Washington.' . w “The field of operation of the new;cm“mn&m‘s) 101% 10 company will include Montgomery and | . Prince Georges Counties in Maryland, | Alexanaria Gity, Aslington and Fairfax | Counties in_Virginia, and an unusual | J4% © ‘?ealure of the n%ant is that it cnab\es““:'l';‘?l‘,‘h’;:“’;{l | the company to offer four branches of | CaZ® THShE | service in addition to the issuance of | ol UGB oo | certificates of title, as follows: Con- | SEHAeN '8 PICT) | tinuations of titles, index service. judg- | - CanDryGAle(3) Can Pacific(10). 2 | Certain-Teed (4 ment reports and property ownership. | CettaiteTeed (4) | Chandler-C) pf. 0 | “The company has an authorized 1% 1 { capital of $750,000, divided into 5000 | Gya® chares of 7 per cent preferred stock of | t:&o&c(n)r";:z((;gf 25 $100 par value and 5000 shares of com- | Gt O SorPn(: mon, no par value, stock “Announcement is also made that the | New York Title & Mortgage Co. has | | made the new company its exclusive agency for the underwriting and guar- atneeing of titles in their field of opera- | tion | Chi Great West. | Ch1 Gt West pt. Chi Mil & St P, | Chi Mil & StP pf | Chi & Nwn(4).. 1 Pne Tool(6) Chi R1&Pac(6), | ““The plant is at present located In|C'y g ppec). 102 temporary quarters, at 1420 K street,| & p g poe7). 1085 10 and an invitation is extended to friends | .t o Cab(3), 33 3 | of the company to visit and inspect the | S E8 B80S installation and familiarize themselves | CHCKASRE 19)0 o with the services that will be available | | after October 1. General Business Profits. Sluety Pead “Profits of general business corpora- ‘!”‘;?:"f&’;.k;';l; tions for the first six monthe are some- | Colll8 & Aslern what higher than the first six months | GO & Alk br(T). of 1921 says the National Bank of | oI fuel & lron. Commerce in New York in the Septem- | Shiddes | ber issue of Commerce Monthly sl gl | " “The statements now available for | Go (48 6D 310 companies show this Increase 0| Gou Gred 1wéls o be 8 per cent. It is reduced to 6 per | Gom CUoR S EY cent. however, when the earnings of | Gow in Tt of § 15 the United States Steel and the Gen- | cont {1y bt &) eral Motors Corporations are deducted. | Of these 310 companies, 190 have had arger incomes in the past half vear an in the same period a year ago le 120 reported smaller carnings. | bstantial increases occurred in the | conper, motor and motor ace sl:TV‘i fields and in the general miscellaneous ; 1 Although onlv a small number | C% FAl DECE). are available in the leather | oot RS e s n groups, sizable gain are also | o Cabn ot § in these industries I onsol "“!XIK‘Q. . 51 By | Chile Co(235) | Chrysler(3) | Cluett-Peab(5). 56 Congoleum-Nair CongCgra(141) onley Tinfoil. , onsol Cgrs(7). 99 7% Heard in Business District { J. Newton Brewer, vice president Swartzell. Rheem & Hen 0 turned today from his vaeation Rehoboth Beach of re- At | Cont Bok pf(8). Cont Cantb). ... Count Insur(6).. #2 17% 1 By 12 ident of the International E e Bank, has re- | cont etH (Gl | turned 1 on at Od Polnt | Gorn trat 135y Comfor | Coty Ine(es). B. Ogle Harper of Crane, Parris & Co. | G0ty tness) | Crucible St (6). | left today on hi on, during Which | GubaCeneStgar, ¢ & motor trip | Cub E P! Ulimer of the National Sav- | Gupe Comoany Trust Co. returned to an Am §(1) . rough Penn: Cuban Am pfi7) | Cudahy Pkgd). Curtiss Aero(1) Cutir-Ham(3%) 100 4% 14 1 Saving o Atlantie City tion 0 T4 per cent and the market It did not weaken, how- ome stocks began to General Motors recov. and more. Vanadium Steel | Diamond M(19). 163 | udden run up of some 5 pol Dodge Bros A 19% Truck: inereased its forenoon | Dodge Bros pf 7 R Dome Minescl). e Drug lnecd) 107 1 Dunhiil Intcd) L] 1113.60) 3K it deb(6). 116 1 Durham Hos. ... 4 186 1 489 1025 1 Y0¥ 10% v L2 B A% WA a mor Money afternoos temporarily ever. In fact move uy red 1 had a in the hesitated | Davison Chem.. 66 De Beers (a7 26 Del & Hud(y).. 199 1 Devoesit C1A 13 4 nt me into the fted Btates Rubber mmon advanced more than 3 points and the preferred gained 2. Kelly Springfield, Goodyear and Goodrich all worked higher hort. co! tock rring ¢ | antman(18) taton Axle( | Ettngn pf62%) 4 uto L(4). | Blectric Boat, ., KlecFows (1) | EElee Sror Bat(5) Srantgin(A) New Bond Issues | NEW YORK, August 27 (Special) An Jssue of $5000000 Public Co. of Oklahoma first mortgage 6 per | 1o *;m;lr:”‘“‘ul cent eries D" maturing May | o000 e g g, and priced at 96, to yleld 527 | i Bldg (2)., $1% 2 marketed today by | iria KR, ..., 1 B Leach &' jirte twtpf..... Kureka Viis). bonds | 1. 1957 | per cent Halse Co, It uart & Co. A ¢, Hul Joines & Co, 21% 2 117 g 10% 41y 106% 107% % T 3% 3% 3 027% Calu & Hecla(2) 28% T8Y 79 5 40% 78 TN 44% 0% 227 185 61 08 % 164% 164% b6 K9 B9 904, 97l 82 18% Ha% 12 13 b9 69% 26 99 515 0 19% 991y Wi 0% 1 Fl B 9% 0V o STTNGTO D. €.’ Mo Received by Private Wire Direct to The Star Office. Low. Close. ! 438 991 1314 el Hieh, G Outlet Co(4).... Owens Bot(ct4) Pacific Gas(2).. Pacific Light (3) 01l Stubs. .. Packard Mo(t4). Pan-Am Petroim Pan-Amer Pet B Pan-Am Wn B.. nhande. ... Parmt-Fm(j8) Park & Park Uta Pathe Ex.... athe Ex( Patino M(2.92). Peerless Motor. Penick & Ford. . Penn Dixie Cmt. Penn R R (3%4). *eople’s Gas(8). I'ere Mara pf(5) Phila Co pf (3).. Phila & RC& 1. Phil Morris(1).. PhillipsPet(13) Phoenix Hosiery -Arrow. .. -Arrow pf (A) Slia 101 110% 41 B 106 Falrbanks(3) Fed Min pf(7).. Fed Mot'( f80c) Fidelity-Phoenx First NatS(1%) Fisk Rubber. Fisk 1t pf(7) Fisk 1st pf ev(7) Fletschmann(3) Foundation Co.. | Fox Film A(4 Freeport (16% ). Gabriel Snub A. | Gardner Motor.. Gen Am Tnk(4). Gen Asphalt.... ble. ble . Gen Cigars(4).. Gen Elec(15). .. GenElec sp(60c) Gen GasA(olg) | Gen 1 Gen Motors(i7). Gen Mot pf(7).. | ¥ Gen Refrac(3).. i 5 Gillette Raz( A Gimbel Bros . Pierce Uil Gimbl Br pf (7 Pierce Pet Glidden Co Pillsbury ( Gold Dust(3)... Pitts Coal | Goodrich(4) Pitts Coal pf.. itts& W (6) PortoRicoTobA. 4 PortoRicoTobB. tham n(iz1y) K ki Postum (3). uld Coupler A 7 7 ‘ressed Stl Car. { Producers& Rt pf Pub Serv NJ(2) pe6) Pullman Co(4).. Punta Aleg Sug. Pure Oil (50 Purity Bak(3).. Purity Ba pf(6). nd Stores (1) nd Union nd Un pf Grt North pf(5) 3t Nor pt efs(5) t Nor O(13%). t Wn Sug 2.80 Greene Cana(4). Guan Sug pf(8). M & N pfi6). Gulf States Stl. Julf Sta 1st(7). Hack W pt(1%) | HamiltnWpr(6) Hanoa 1st pt Hershey Corp... III shey pi(4) Ho CoA Hollander & Son Houshold(i4).. Houston O11... . Howe Sound (4). Hudson Mot (5). Hupp Met (f2)., 1llinots Cen( Indep O11(1) Indian Mot (1 Indian Retining { Indian Refg ctfs Ind Ref pt(7). Inland S(kt63). Inspiration C InterboroRapTr InterconRubber Internat Agr. int Ag Ch pf (7). Int Bus Ma(5).., Int Cement(4) Int Com Eng(2). Int Harv(j6) Int Mteh pf 3.20 Int Mer Marine. Int Mer Mar pf.. Int Nickel (3)... { Int Paper(240). IntPap cfs(2.40) Int Paper pt(7). In Pap pf cfs(7) Int Tel & Tel(6) Jewel Tea(4)... Johns-Manv (3). Jordan Motor. Kan City South., Kayser J(5). Keith-Albee. . Kelly-Spring. ... Kels Hayes( Kelvinator Corp Kennecott (6).. Kinney pt(3)., Kolster Radio. . Kraft(gli Kresge(711.60). Kresge SS pf(8) Kresge Dept S.. Kress (S H)(1). Kroger Gro(el). Lambert Co (16) Lee Tire & Rub. LehighVal(3%) 73% | Lehn & Fink(3). 27 | Lite Sav(1.60).. 100% | Lig & Myrs B 15 27% | Lima Locomtve, 8% | Lig Carb(3.60) Loew's(13) Loew's pr(6 Loft....... Loose-W (1.60) Lorillard Co. Louistana Oil. LouisGasA (1.7 Louls & Nash (7) Ludlum $tl(2).. McAndrews 2.60 McCall Corpd). McCrory A(2).. McKeespt Tin P) Mack Truck(6). Macy (R H)(c5) Macy (R H) rts, Mad 8q Gar (2). Magma Cop(3) Mallison & Co. Man 11 Sup(6) Man El m2g(ds Man Shirt(z) Maracaibo Oil, Marland Oil. Reading Ry(4). Real Silk Hos. Reis (R) & ¢ Remingtn- Item-Rd 1st Mot(f1. Rep 1 &S(4). Reynolds Spn ReynldsTobB | Rutland pt St Jos Lead(13). ni(18). pd(6) Schulte (g ulte pf(3) s b Alr Line Seab Air L pf ars Roe(3214) Seneca Copper Shattuck FG(2). i Shell Un(1.40).. Shubert The (5 Simmons Co(3). Simms Pete. ... Sinelair Of elly O1l(2).. Snider Packg Co 1667 104% 15 5% 28 1091 111 1065 ? Por Ric $(f2) outh Calif Ed.. South Dairtes A. South Dairies B. South Pac(6). .. South Ry(8). SouRyM&Ocfs 4 | Spang Chaitnt. . Spear & Co..v.s Spicer Mfg..... Std Com Tob(3). StdG & E (3%). | S1d G & B pt(4). Std Milling (5) .. Std O Cal(2%).. StdOIINJI(1145). StdOINY (1.60). Std P Glass pf.. StdSanPro(1.68) Stanley Co..... Stewart-War(6) Strom Car . Studebaker(5).. Submari Boat. | Superior Oil. ... Superior Steel. . Sweets of Amer, Bty 104 69 681 99 99 | Telautogn (80c). | Tenn Copper1). Texas Corpn (i), Texas Gulf Sul(4 Texas & Pac(5). Tex Pac C & Oil, Tex Ld Tr(new) Thatcher Mfg. Thatcher pf 3.6 The Fair(2.40). Third Avenue Thomp J 12(3.60) Tidewater AsOil Tid WASOIIDT(6) Tide W Ol pt(5) Timken(16).... Tobac Prod(m). Tob Prod efs(A) | Transcont Ol 0 Prod (213 Twin City R(4). 100% 1% [ 29% L4ty 6% Udwd EI #(4).. Un Bag& Union Carb(6) .. UnOll Cal(2)... | Union Pac(10).. Utd Biscuit 1.60. 08 Cleee Rl pr(6) Utd Fruit( {5 Utd Paperboard. Mar-Rock 2% LU S Distributing Martin-Parry. U S Distrib pf(7) Mathieson(6). a4 t 88, .. May Dept S(4) u 0l (5). Maytag(is). 'S Leather Maytag pf (3). U S Leather A. . | Mengel Co. U S Lea pr pf(7) | MetroG pf(1.89) U S Realty(4).. Mexican Seab, U'S Rubber..... Miami Copt1) U 8 Rub 1st pf.. Mid-Continent U S Smelt (3%). Middle States. us npf(3%). Mid States o(fs.. U S Steel(T). ... Midland ptei12 t eel pf(7). Miller Rubber. . Uni Leaf Tob(3) | Minn & tint Ple 1st pf(8) Minn St Univ Pipe & Rad M St P& Ut P&L A(e2). Mo Kan & Tex Mo K&Tex pr( Missour! Pacific Missouri P Mohawk C 6 Montgmry W (1b Moon Motor. . Motor Meter A | Motor Froad Motor Whi( ! Muilins Mf Munsingwr(3).. Murray Corp Nash Motrs(16) Nat Acme (sta). Nat Belias 11 Natl Bisc(16%). Nat Cash It A(3) Nat Dalry(3). .. Nut Dept Stores wt DS 1st7). Nut Distilers. .. Nat Distillers pf Nut Linamel & 8 | Nat Lead(5).. .. Nat Pow&Lt(1) Nat Hadlator. ... Uity Mex Ist, b WDy (16). 99 NatSupply pf (1) 115 Nat Surety (10). 310% i Nat Tea(4) 2K Novada C(1%). 264 NY Alr Brd).. 424 N Y Central(§). 171 N Y Cent (11s).. NY C&SULG) . N Y C8UL pf(6) NYNH&H() N Y NH&H pf(7 N Y Ont&Westn N Y Stm pf(6) N Y Stm pfA (1) Norf & Wn(i40) NorAm b10% sth North Am pf(3) NorAm K50 pf (1) 1010 10: North Pac (5)., 9% 99% Nor Paccfs(b).. 6% 974 Norwalk Tire... 4 4 i | O Well Supply. 2% 234 7% | Omnibus 100y 10 415 { OppmCollina (147 695 701 1% | Ouls lev(17). ., 215 21Kk 620, Ot Biev pr(6). 1260 1260 OtisSiael,...,, 2h 26 Otis BUlpe pLe?) 96 Vot Vanadtum(t4) .. Van Raalte. . Van Raalte pf. Viek Chem (4). . Victor Talke (1) Vietor pr p Va-Caro Chem. . Va-Car Ch pf(3) Vivaudou Co. Vulean Detin. .. 647 | wabash. Wabash pf A(5) Waldorf(1%) Walworth(1.20) ward Baking B. Warner Brox W Penn ELpf(?) West I Po pf (1) Nat West Dairy B, . 1% 108 st Pacific. . .. West Pacific pf. Want Unlon(8) Westhse A B(2) Wostinghse(4) Wenthse 181(4) 1" | Weston Electric Wiite Kaxle(2) White Motors(1 White Sew Mach White SM pf(4) Willys-Ovi1.20) Wilson & Co. ... Wilson Co bf A. Wilson & Co pf. Woolworth(6).. Worthn Pamp. . ok ok " | Worth Pump(A) Ui b | Worth Pump(it) w4 | Wright Aeroc s o, | WrIRIY 1816 Tors ou | Yellow Truck ton tore| Youngstn Sh(5) TR 1261 12601y M 6 261 134 171 [T 7 W Gk 124 124 12 106% 1064 1001y G0h OO BN 14 114 114 2N B 2TH 27N 101 101 101 101 1Y L 112 112 183 IHG INSIRG T4 6% T4 1T O b 1010 1024 124 1061 600y B Bl iy i [ Open. 9ide 49 1'% 831 40 101 107 100% 1o 16 30 10 M 147 A4 102 104 101 107 1005 1% 16 31 ch, Low. Close. e 973 9% B0 | | | STOCKS IRREGULAR UNDER REALIZING Traders Take Selling Side. Few Issues Move Against Trend; Money 8 Percent. BY GEORGE T. HUGHES. Soecial Disoateh to The Star. | NEW YORK, August 27.—Although call money went to 8 per cent today, the stock market reacted only moderate- ly. dt was never weak and many ssues moved against the trend. The steel shares were prominent on the side of advance, although the gains were small. General Motors fluctuated irregularly and American Smelting was off quite sharply. The outs anding fact, how- | ever, was that traders who had expected | a_substantial decline, simply because the advance had gone too far and too fast, completely missed the mark. Motors Sells Down. General Motors, which was the leader Saturday, started in today up a point on a block of 2,500 shares, It worked fractionally higher from this point and then came down to show a loss on the day. Doubtless a good deal of the short interest in the stock has been elim- nated Other motor uniformity. | | stocl Chrysler moved without was lower, but | Hupp made a new high for the year, | crossing 66. and Nash went up’two points at the same time General Motors was coming down. There was great activity and strength in White Motors, and Mack Trucks improved moderately. Studebaker sold off with Chrysler. The most extensive realizing came into the mail order stocks, Montgomery Ward and Sears-Roebuck. This was logical enough, considering the long- continued speculation for the rise in these issues. Tllustrative of the ir- regularity was the new top reached by Woolworth, above 203. Speculators made | haste to liquidate stocks that showed | impressior 100% | 29 6114 121% | 1004, 10 1005 s 1% 16 2074 1 | to_hand today were nearly all signs of hesitating and go into those that “were moving." Steel in Narrow Range. United States Steel fluctuated within a narrow range. Relatively, selling in the steel stocks did not make as much as in other industrials, Na- tional uit was the feature of the food stocks, running up sharply. There was some covering in the railway equip- ments, notably General Railway Sig- nal and Westinghouse Air Brake. In the railroad list the leader was Missouri Pacific. as to the earnings of which optimistic estimates were heard. The common stock sold at ap- proximately the high of the year. Earnings statements for July coming vor- able. Nevertheless the rails wercmneg- lected most of the time. The turnover was large. The ticker ‘fell behind a quarter of an hour, SR Lead Price Advanced. NEW YORK, August 27 (#).—The American Smelting and Refining Co. today advanced the price of lead from 6.30 to 6.40 cents a pound. Wall Street Briefs e F. R. Henderson, president of the | Rubber Exchange of New York, states | that the present price of rubber, around 19 cents, will discourage any increase in production. The last census of crude rubber stocks in Malaya, showing an increase in July, is misleading, he de- clares, in that it takes into account dealers’ stocks, which he classes as practically rubber in ment. The California oil industry is in a satisfactory condition and is showing constant improvement, says James A. Talbot, president of the Richfield Oil Co. He predicts that gasoline produc- | tion and consumption will break all rec- | ords in the State and looks for an crease in gasoline prices in keeping with the recent crude prices. Peoples Drug Stores, Inc., have open- ed their seventy-ninth store since Jan- uary 1, 31 stores having been added to the chain, including the acquisition of | the Day system of 21 stores in Akron, Ohio. Utilitles Power & Light Corporation, 8 holding company with subsidiaries in 20 States, reports net income of $2,978,~ 489 in the year ended June 30, an in- | crease of $338,455 over the year ended | Carolina, Maryland and | loccmotives | motive Co. tor about $5,000,000. | | December 31. Natural Gas & Electric Corporation, controlling public utilities In New Jer- | sey. New York. Pennsylvania, South | Florida, reports net earnings for the year ended July 31 | of $3.463,201, an increase of 15 per cent | over the previous year. ; Edward A. Brennan, formerly of the | United States Steel Corporation, has been appointed secretary of the new National Metal E The New York Central Raflroad has | burchased 30 of the latest type of pas- senger locomotives and 25 heavy freight | from the American Loco- | ‘The Pan-Americ: Industrial Cor- poration has purchased in France four | 220-foot steamers for transporting its | tone products from its quarries in Rio Grand do Sul. Brasil, to Buenos Aire: and other ports along’ the Parana River in Argentina. process o ship- | APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbi and adjacen* Suburbs of Montgomery and Prince Georges Counties, Md. Per 5&11(15 -12 Cen 3 Years or Longer H. L. RUST COMPANY 1001 15% Street NW. Main 8100 1313 Lawrence Street N.E BROOKLAND Detached two-story house, ideal for a physician or dentist IGHT rooms, bath, sleeping porch, office and attic, with concrete cellar under entire house.and two- car garage. 61 ft. x 150 ft. ]ot. A RARE BARGAIN at the price. Your inspection cordially invited. Phone Real Estate Loans Insurance Main 5027 023 NewYork, Ave. and REALTOR 1237 Wisconsin Ave. Equitable Co-Operative Building Ass'n. JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1879 48th YEAR COMPLETED Assets ..........$5449,244.49 Surplus & Profits.....$1,578,070.05 Subscriptions for the 95th Issue of Stock Being Received il SAV Lay your plans now for financial in- dependence by open- ing an account in the Equitable. Start now, today. In the Equitable Systematically No matter what you are saving for—: home, your children’s education — you'll find the Equitable’s sys- tematic plan a helping | hand to accumulate S mones- g 915 F Street 4 12}’ ‘ ]nsumdis The SEAL of SAFETY GUARANTEED SAFETY AND 6% YIELD Insured Mortgage Bonds of the Federal Security and Mortgage Company embody all desirable safeguards for the protection of the investor’s principal. Secured by mortgages on conservatively appraised owner-occupied homes of the District of Columbia, they are the direct obligation of the Company with resources of over $1,250,000. Independently trusteed by a large National Bank and with underlying collateral unconditionally guaran- teed by the Equitable Casualty and Surety Company of New York. with capital, surplus and reserves of over $3,500,000, under the supervision of the New York State Insurance Department, they present an unusual iny ment with a liberal yield of 6'2% net. Descriptive Circular Sent on Request Federal Security ¢ Mor[gage Co. 15§22 K Street N.W. P T S CAPITAL & SURPLUS OVER $750,000.00 e s LA A A A DA Come Here First for Mortgage M(mey w'mzN you are seeking a mortgage loan, on a com- pleted property or for construe- tion, come here fiest, Our large capital resources assure prompt decisions, prompt settlement and low rates on loans in any amount. on on your part ed to send you In request- plewse specify the amount of the loan desired, and give a brief description and the approx wate valuation of the property. | REALESTATE MORTGAGE & GUARANTY (CoRPORATION | | Capital Resources $ 3,400,000 l 26 JACKSON PLACE | MORTGAGES SEPTEMBER THE FIRST Only a few days away now and good time, we suggest, to begin the cultivation of the investment habit, start- ing with our 69, FIRST MORTGAGES and taking advantage of the Partial Payment Plan that has been helpful to so many in giving them firm foothold financial thde- pendence the years ahead Over a Third of a Without a Loss Over a Third on for Available in Amounts of $250 and Upward B. F. SAUL CO. Main 2100 925 15th St. N.W. THERE IS ITUTE FOR SAFFTY ExperifncedAdvertisers Prefer The Star