Evening Star Newspaper, August 28, 1928, Page 10

THE EVENING STAR. WASHINGTON, D. C. TUESDAY, AUGUST 28, 1928. FINANCIAT." STOCK PRICES RISE STA:;::?; IITRSEIE:TED . '?*-'m:;"y'-'-t":‘"-h-"‘-;-:-:";‘:i.‘ o e FINANCIAL. CREDIT SITUNTION [ NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. | Open. High. Low. Close. ! Open. High. Low. Close. § Open. His | Abitibt Powerce AL 5% 50% 51 [Elk Hornpf.... I3 134 13 k| N Y Railwavspt 0 0t | Abitibt Popf(8) 897 90 S9% 90 [Em Brantgm(A) 8% &% K 8 [NV Stmpfi6).. 102 Abrahm&Straus 104'3 109% 103 109% | Emmerson B pf. 4 4% 4% N Y Stm pfA(T) Joseph 1. Weller Teplies 1o applications. Good service Refinancing done. Omnibus. ... IN ABT'VE MARKE]‘}Madmmmvr U. 8. Report Indicates | DESIRABLE THOS. E. ,,‘,'_‘;‘.ERELL co. Bankers Plan Series of Con- Adv Rumley.... 41 4i% 4 41 |Eng PuSpf(5). @ q 9% orAm Ed of(7) 1 i oy {ase Rineee e Ecle tut bt .. .. o84 AT BB R dsmand” for beef cattle is expected by | | Commercial National DU ol St [ferday. Prices. the report said. would | | Cotinuaioeif Aotive g 721 10th Street N.W. Main 766 ! b 3 i Am 4w NY \ (S Abr&Stry S of 107T% 111 107% 111 End-John(5). T T7% | Norf & Wn(i10) " Ofil s | Adams Exp (6).. 332 340 332 340 Kineers Pub 41 NorAm b10% st} List Advances Regardless of Demand. CeR pace | Adv Rumley pf. § 20 autt Bldg (2) .. 3 North Pae (3). . 4 9 & Lo FO" ent | 2 (2) TR S R - Ry the Associated Press ferences at Annual Meet- | Anumada Leaa. . Bquit Bldkpr 1. 163 {NorthimnTal(3), | Credit Conditions Steel skt ackiss| ing October 1-4. Albany Papr(2) 6. 26 02d D, ..+ 5 85 Issues in Lead. | the Department of Agriculture in its | b | Allied Chem. Ol% 196% 2 reka V(tig). 65 6% 6% Midsummer outlook report, issued yes- | Bank Building irbankMpe(7) 110 1100 110! S BY GEORGE T. HUGHY remain at “approximately present| 14th & G Streets N.W. — Allis-Chalm (7 3 34% 133 Irbanks(ir. .. 3 3 A3 1 tion wil I Amal Leather.. 10 10y The credit situation will be & MAIOr o fqaiz) " 50 800 300 30ia | FedLizhtihiA0) M A3 Outlet Co pE(T). Jovels rather than a continuance of the | . tonic for discussion at the COMINE CON= | ym Agricul Chm 190 19% Fed Min pf(7).. 100~ 100 Owens Botei4) A 2 ' upward trend which has characterized | See Superintendent vention of the American Bankers' As- 1 Am Agri Ch pf. K TN 70w Fidelity-Phoenx X <6l Sa'e i A NEW YORK, August 28 Stocks the market since 1921." 1 soctation, at Philadelphia, October 1 to | Am Bank N(v ok | eI O pushed ahead merrily today, regardiess Seasonal price declines are probable | ——— Fifth Ave(64c). % 12% 12% | . A . 2 el Pacific Light (3) ! " the re- oD Lent | Am Beel Sugar. First NatS 1) TN . restraining cir- | both this Fall and next Spring. the re Eair $. according to_the annual call Am Reet Sug pf. 9T michey o anyactlss 2 L port said, predicting that marketings ||[ » v t res o Fisk Rubber. v 1% 11 oLy vas irregular s 2,000 . %, 193 b EQ;‘S‘C‘:"&R» ““'f:*r";“fi‘fid“:’}“m,;‘\m Bosen. ! Fuak lsprTy 8 s Basiardiliaiy) cumstances, The nnoninkh\\pas |‘|rrgulm.‘f‘ IRl Pl dbiese il he’ mewnat Consult Us First a0 Artington Apartments. %, 1933 e from’ Washington' will 'at- | A1 BrBh(J180) Kisk Ist pt v T) it A and hesitant, but that phase was soon | smaller than a year earlier, but the | ! 0 Unle Best Exate Mortsase & tend. ) 4 e pan-am Wo B.. over: [aniQUl the uavarics tesuman SN} numiben coming fo market during the| If you need money for o SERERE S B AN rhilions mow jprevalling tn | A Canth): ... 208 ‘oundation Co R Proad scale s far as the industrials | first half of 1029 prabably will about ||| S ptrecntrr - 0 Real Estate Morteace & Guar- A Fdy (6) b Fox Film A(4) were concerned. Rails were dull but ot | squal marketfhgs during the first half || your Real kstate hinancing ants common . weak of this year. i| let us have your application o' gl o the United States.” s Preston. | 4 m Drug(8oe). . Freeport (16% Biroaring o' make it particular Pl Am 10) Qubriel SnubA. . Lo Stoel stocks were the leaders. U. 8. slaughter has reached a point where | Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutnal Benefit Lite Ins Co 1520 K Street Main 435 “Wa close at 4:30 o.m. antil Sept. 4th" Special Dispatch to The Star. I WILL SELL £5.000 Fairfax Apt. G. M. 6%%. 1943 Investment pankers come together this Fall to dis- | (i ocilaccls) . phase of business. A fore- | xrt SRETREIL e general program shOWS | \ygEor Pr2d 7 ant ad- AmgForP pf17) 1074 1074 107 Gresses and discussions the | Am Hide & Lea. §0° 30710 r problem. participation Govern- | Am Home Pr¢ % TEN TR ™' s As a proper function | g e 3 PRI n Am Toki4) Gen ATC pf(7) | en Asphait . en Bakg pr(s) 1 Cable. .. able Ac4). arsct).. "ark Utah80c). ithe Bx . Pathe Ex(A) Patino M(2.92), eriess Molor nick & Kord. . Penn Disie Cmt enn R R (3lg). Steel was taken in large blocks above 152, and at approximately the high of the movement. Traders were impressed with the way in which steel had held during all the reactionary period in! | recent. sessions. They were cncouraged by the trade news and finally there were still intimations of something spe- today. Prompt Seri No Appraisal Fee it about equals production. and, with || the exception of 1921. this has not been | true since 1018, the report said. In-| spected slaughter of cattle and calves ||| during the first seven months of |h15| year was reported 8 per cent less than in 1927 and 12 per cent below 1926. The number of cattle on feed in the ! The Commercial National Company Incorporated % pfd. Bid % pfd. Bid. Units Wardman Mortgage & Dis- count @ R0, Arcade Market pfd. Rid Areade Market com. ~Bid. 060 Miller Train Control. Bid. 0 Units Vaseo Products, Bid. 130 Vasen Products cam. ' Bid. 8 Rossiyn Steel & Cement. Bid. ss men and | am Inter ta 105 86 Lleciv6) : mount subjec Am L A s | Gentlec sploie) ; Necessity for Conferences. i premsoey ! V%] Gt GasA ol Plitls oL ¢ ngs of the divisions’and | At 10oo BECT) ' 116 : e e iy 7 Phita & RC& 1. s L‘T packed “.:}’l Am Metals(3).. WS 47 SR | (Sanimaoteri) . Dhiliimadon 2 presentations of technical subjects With ' Am Piano pf. 5L 5 54 | GeniOutdr AG(S) (i lipesron (8 which it is essential for bankers to Keep | am P & L(f1).. 85 83 85 | Genvutdradiay. PnillipsPeti 1) conversant whether they are engaged Am Po&L pf(6). 4 1035 103 108! [ Gen Ry Sig(5).. in investment, commer: al, savings Or | Am Radiator(d) | corn belt on August 1 was 6 per cent || pg yp Cash Capital. 5900000 [ cial In store for shareholders. | less than a vear ago, while consumer ||| g B | THOMAS L. HUME SN Bats Eriee demand for beef has been increasing at HO U v [ elal N &k Bldz. . Independent steel stocks were actively e rate of 2 per cent or more annually | o g i 1412 G St.—Main 1346 bought. Three of them went 1o NEW | e 1021, the department observed. A | o Digs Yecords for the year. These were prch i brices was held unlikely with- f — e | R Al Alioy, Otis and Inland. Beth- DrR I BUET S0 the unless there is | e teel was strong and_there was 3} (0 T IoGering of the general | |a sharp run flnua‘fiolrn::flf Juel. tocks | commodity price level or @ marked low- ||| more are bankers coming to realize that | Am Saf [ia 14 Pletce Petroln o Ve and strong, Woolworth rai ik otore mamed by the depart- it is just as necessary for them to &t- | Am Seathug(3 idden Co { Pillsbury (12.1 e gme 4 points to Approximately 1S | ent"as ikely to maintain the present Continental Trust Co. 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts Acceptance Credits Time Deposits Foreign Exchanges e o o-Arrow pf 1| Gillette Raz(5). ™ 103 Plerce Ol ... Pierce O pf. Every trust banking activitics. More and!am Republic. .. N h »| Gimbel Bros. ] Gimbl Br pft7). Banking Service Commercial Credits Travelers’ Credits Travelers’ Checques Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H COOPER. President Capital, $1,000,090.00 WASHINGTON'S LARGEST TRUST COMPANY G.M.-.P. MURPHY & CO. WASHINGTON Rich 00 90% MEMEERS New York Stock lixchange \Washington Stock Fxchange Richmond Stock ['xchange Chicago Stock lxchange to their profession as for progressive;AmS & R X L 134 4 old Dust 1004 | Bitcs Gonl. Dot ite and Macy selling ex riznts hac | FLCCS ok “and an Increase in the and post-graduate courses in order | Am Suzar » TN | Govdyr 1stut (7 9xts | PortotticoTobA . B T Jarge turnover. Both Mont- | y " = gomery-Ward and Sears-Rocbuck re ‘Washmgmn Stock Exchange At e enabling | Am Tob »T(6) 178 1174 Paigecfs 3 87 rodu & Refinra v onspicuions. The stack sold toda. | Capital Traction Go.—5 at 103 torical traditions s espe rand Uniun ub S NI prii). | £ PI57 for ‘the old stock, the closing | Potomac Electric 5!5% pfd—10 at Banlung Offi.ce the beginnings of American banking.” : ) p1 A% Plo connpiecacs) 1615 | Pure OIl (). ont"vas higher at times. There was | 336, this year has attracted a wide variety s 2 3 E ey A Archer-Dan(3). 8012 | Greene Can 2| Purity Ba pf(6). 1 4 3 :firxl‘:,\;??ous specialties participated in ' Sanitary Grocery Co. pfd—10 at 126 Savings gorgeous Fall displey. Attendance 1ast| (.o 1icA). Others to| at 125', 5 at 1252 | Trust for the public after banking hour: . Armour. 1] pf(7) | o i i el e | Fidsehmann, which went to a new|Washington Gas 10:30 o'clock. John Poole, president of i ‘yys0 Dry Gi2 37, | HavEl Ry pLes) 9 8+ 6% | jtep 1 & Si4) Washington Gas $200 at 1047 B he show under personal supervision of | Atcuison 10). .. oaul Safe Deposit | Hershey prpf(6) f » | [tichtield O visitors. At Gulf pf(3).. H, ion>y—Call loans, 5 and 6 per cent. s | lutland pi | bomts above the low of the year. | during the month of July. according t0 ' Atias Pow pf(6) Hud Maniz).. (L& Senk(18) SANEIRTTE AR 4 2. tors fluctuated around its previ- PUBLIC UTLLITY ef the company. he announced. amount- | Austin-Nich pf. 29% 29%, . hwest cral Motors fluc Llinots Cen(7) . Suvass ArmaLt) Am. Tel. & Tel ctl. tr. 3s. $954.734 in July last year. | Bang & Ar(313) 5% s ab Air L pt. the afternoon under fmpressive leader- | dugionis & Fot. suar ">t . Capital. $3.400.000 Philacelohia, Newark and Baltimore. as | Inspiration Cop. AT ) high of 154, established Apri) 12, Gen- | Gity & Suburban as Barnsdall A has broken all records. 1Its business at | o n 16% | 1ncernat Agrt. .. Simmons Co(3). had lagged in the forenoon, worked Potomac Elec 6: 1853 Selding-Hemwy 4 inton Arcads 6 | Best & Cot3). 6% “75% | int Coment($ So Por Ric 8i12) gains sensationally. At 109 it was 4| business of record oroportions. ! Booth Fish 1st.. 55 8 85 rineeronrois. South Dairtes B { mounted. Public Service of New Jer- | Rwy. & Elec. 43 banks ing citi 5t 22 | g | Int Mer Mar pf. 1S N > ofle’mm :mns 1;:;:5 of Auu;uat3 Botany Mills(A) ¢ 9 fie “’ o3 South Ry pf(5) cuit and Loose Wiles were in demand ' Barber & Ross. Inc. 6. 2. in lcans and discounts, of S: British Em, | Lnt Paper(240). pire. f - ; ® 3 5 2 pang Chalfnt There were one or two discordant D C Paper Mfs Ss. 000,090 in borrowings from Federal Re- | grockway pf(7) 128% 1280 {In Pappfefst7) 4 _ [ Std Com Tob(3). losing more than 4 points, only @ part | wash Cons Title s Loans en stocks and bonds. including | gkiyn-Mani4) 6% 6 9 K . 6% 67%4 ' Isiand Creek(4). 49 5 ahead vigorously. Std Milling (5 | ahead vigoroualy. PUBLIC UTILITY t all reporting banks. a decrease ' Brunswick Ter. 2 42 4 417, | Jonns-Manv (3) 1263 3 SUOHNY (1 60) 5 o Norfolk & Wash SI(umbou L DA the leve i & . 3 R 00,000 in the Cleveland district and | BurnsBrospf(7) 106 106 106 | Kan City South. 58% Stanley Co 2 * | Report Considered Most Favorable Potomac Elec 3.7 pfd § New York Curb Market unts increased $7.000.000 in the New | gutte & Sup2). 10% 10k 10% | Keith-A lbe T Studebaker () NATIONAL BANK. The statement of the Baltimore & Ohio | Columbia fend ‘esociational conferences relating | Am Smeltin lidden pr pfe7) Pillsbry pr6i3) 113 D O Abranam & Straus was anothey | Sicec“are the anticipated lower sup- | physicians who have long made it part | Am St K x| Goudrich(4). . 2 3 8%} 15 ts Cosiob . #E . 8 » cze turnover. Childs Co. had hasing power. of their work to frequent medical meet- | Am St Fy pf(7) 110 111 » | Goudyear Tire. . y | i e Ll . ol \‘m,m_n_ O ity | coUSUmEISIEtastE D 10 keep abreast of the advance in their ' Am 5 - ‘ 640 | Gothima 324y an Rl P tichichr : prolession 2 | Goth nerzty ostal T&C pf 7. zained a part of the loss of the pre- SALES. FobaccoB 3 ), | arrangements for | A TobactuBcs 5 ERhEN N " the utilities Consolidated Gas | Washington Gas 65 B—$500 at 106, ts of in- Am] 1145 1145 iranby Min(1) S | 1 : m 9 i . 2 g 00 per cent stock distribution. | 104 : the city whose | AW 0109 109 108% 108 ! Grand Stoves(1) , . 6% : EHE) : I 'r};:r 100 e e Stetore. equivalent | Potomac Electric 67 pfd.—3 at 117, . o Am Woolen 5 o 3 ciaily rich in events having to do with o] 2 e irand U 3 b S NJ pfi8) o wvhich was 148, Brooklyn | 1063, 10 at 106%,. < g Am Woolen pf.. rt North pfis) 4 4 D | Puliman Cot4) .. E’,‘,‘.;n ;‘fag‘i‘ump(‘fl 3 points. Columbia \deem ~American National Bank—16 at The fourth cnnual flower show of | ‘UM 70~ Soe o American National Bank | Am Zincpf. rtNor OVl ). Pure Ofl pL(8) .. dolit-up but no con- | Commercia! National Co. pfd.-—3 at 105. Commercial Fed Anaconda (4) U Wh Sug 280 3 3 | Purity Baki3 G fof €UavIdEt sOlEND Mergenthaler Linotype—4 at 10075, o of blooms, including about 300 entries. | {8 T AT b 85 | Gushiafam 1 5 and filled the banking room With ai% ,n i he) pre7 9 91w O4'n 04'x | Gulf States Stl. ’;:.m;n(:nlr‘p. .. 189% 19 1881 | ;:-).; advance o\:;fl:n;anllw{lm Nickel at 10 at 126, 10 at 125', 10 at 125%z, 3 o = s e 211 " . & ey, _ | Reading Ry(4). : 100% was up_ ovi 5. night when the bank was Kept OPen . groiour 111(B). 1":;':2?.'.‘.1\‘\"'\'\“:'2; 1teal Silk Hos. .. 37 37 | gain ground included Na(mn&l fi»;h‘ Real E ! v R & C '« r, Vi Talking Machine. totaled 2,800, and the show will be ODER | \riold Con & Co 30 il 50 el g 5500 at 10615 eal Lstate also this afternoon and tonight, until, . zjetaic113) | Hartmn B(1.2 185 | Reo Mot T1.20). | high for the year at 77, and Brig ~jC:lpnal Traction 10 at lM’ o Fore;gn Exchange i > | e Manufacturing. An exception was Lol Washington Gas 00 at 102%. he bank, and E. E. Miller. who directed | Asso Oil(2). . S | R L 5 115 pogs. Inc., which broke 4 points with a par- T Tl . : 4., | Hershey pfis).. A% T6'% | feynidsTobB( { tial subsequent recovery. More short Mn'cr;g;\:x Transfer & Storage pid Mr. Poole. have reccived universal con- | Atchison pfe5). 1045 10 . 4 c s ovaring t otations for both & 2 2 gratuletions from the hundreds Of At Gulf& Wi.. Sie “49% 'St | Hollander & Son Hossia Insi5) | covering litted the Ghio erred, The | Capltal Trection 55—$1.000 at 101% Departments 3Lix | Homestake(17). 5 . ferred at 30 was up 3 points and 15 Th= American Ice Co.. which operates | atl efining (4) pon i i largely in this city, broke all Tecords| AtiasPowder(4) | Houstou Ol . : | Bid and Asked Prices. {ERICAN SECURIT | Howe Sound (4). t Jos Lead(13) General Motors Fluctuates. BONDS. President Charles C. Small. Earnings ! Aus Cred(4.49). A . e motors did not do as well. Gen- . for July were the largest in the history | austin Nichols. . i T e ekl A Nravers e 15th and Penna. Ave ing. before Federal taxes and deprec: - =t A i ) ous close and most of the independents .. el & Teiza . . e ‘;?112954 Thes and deprecia utostrap A(3) 454 Schulte (83%).. were not importantly changed Amer_Tel & Telga 4’z Five Binking. Offices Reserve Board Statement. sankofMan(16) 750 indian R Sears Roe(32%3) ship. United States Steel sold only a P. Telephone 5s X a2 I I8 ¢ P Vi C. P. Telephone of Va. 5 “In Mew York., Washington, Boston. m::: f::f;al:' .I,ma"dsfkfst:f,' eneca Copper ‘mall fraction under its previous 1928 |G, & P. Telephong of Vi, 5 0 Surplus. $3.400,000 a 3 o Shet Vi tween 3 and 4 reetown Gas lst 55 well a: in adimcent territory,” said . 6% | InterboroRapTr el T 6% | eral Electric advanced between 3 a1 Sotomac Elec 1st 5 Emall, “the company’s business in July | feacor or! ") 7' | nterconRubber EUSKEC AN F) ) S points. Even the motor stocks, which Dotomac Blec (3156 : ! Its b . o E | N o . | highe Alex & Mt V. 55 the Atlantic shore Tesorts Was NOUCE- | poaqe gy s 4 14% } int Ag Ch pf (7). P Heronr ik higher. b T Rlex. & Mt V. ctfs e e indirating that the hoteis | BIER DEUT3.98) 2 87% | ine Bus Mat5). Skelly 0i12). nternational Nickel extended its and boarding houses in these places g & 4 3 D A i ", | Bethlehem Steel 63% | Ine ) outh Calif Ed.. points above its best previous price. gre at present hundling a Summer | g,,p Fisheries s .1:15‘:‘;‘*;‘5. 4 South Dairies A. Ofierings became smaller as the price | w series B The Federal Reserve Board’s condi- | g, S Rwy. & Flec. gen. 63 % . | Borden Milkt6). 167 | 2 South PRc(6). E d out in the utility group, with | r 8 $icn stz'ement of 635 Teporting Member | yosion & Maine 173 S b e Do South Ry(8) e ot ‘over 2 points Nationai Bis MISCELLANEOUS ghows de reases for the week of $42.~ . uricos MfgFCo. b bl SouRyM&Uers 4 s s Ehestnut: Parms Dairy 82 103 2 a = Bla Spaulding pf(7) a igher p - Chevy Chase Club s 1 H New York 20,000 in investments and of $168.000.- | griush Emp 2d. ottt e g gl . dive, | Pot Joiat Stock L'd Bk bs ... 100 £04 in depesits, and an increase of 833.- | Krockwy Moti4) 66 65 {IntPapcfs(2.40) Spicer Mfg. . notes. Freeport Texas took a nose dive, | fol. Joigt S1OCK, bl Fle ss o8 i P 1280 D 5% ‘l v: vardmat k Hotel 835 & banis. e 3 L | Int Ry Cent Ami. 45% 3 Y of which was made up. On the other Wardman Park Ho Bkiyn Edisn(8) 230 248 250 | iniTel& Teiif) 179 ::gng‘:",m hand, the express company stocks went STOCKS. Tnited States Government obligations. | pxiynUnGas(s) 152 145 161% | were $36.000.000 below the August 15| Brunswick Bi3) 1% 48 44% 4Tw | Jewel Tearq). .. 127 Std0Calizig) .. % he oo Amer. Tel. & Telga SWOUNJ(T1g). | Capital 500,000 being reoorted for mem- | Bucyrus:1). . s | Johns-Manpf(7) 120 0 B. & 0. STATEMENT. B seton Oas nks in the Boston district, of $3.- | Bucyruscvizis) 15% 443 454 Jordan Motor... 9l StdSanPro(1.68) 8 SRR Potomac Elec smal ecr-z2ses in most of the other | Burroughs:14) 1534 152% 3 = St re- W, Wash R e 14). 3 25 153% | Kan CSopf(4). 9% Stewart-War(§) 5 e hvy All_other” loans and dis- Butte Cop&Z.. 8te 8l m.f.}.,..,_.," i Strom Car(2). Issued This Year. Wash. Rw. & Elec. pfd district and $5.000,000 in the St. Butierick Co. G 43y : Subi BALTIMORE, August 28 (Special) — H b Y 431 431 i Submarine Boat. National Capital Bank Louis district and ceclined in most of | Byer & Co 106% 1031 10618 | Koty Botone 4 Sun Otlni). - | . Railroad Co. for July and the seven Commercial e 398 Copy o1 our “Fortmightly Review” un Req: the other districts, the net decrease at! By-Prod(72.75). o - - Superior Ol 211 reporting banks being 56,000.000. 1 M 7l |KelsHayest2).. 824 Superior Steel months, just made public, is considered g & Mechanics 3 Holdings of United States Govern- Cailf Petmil).. 31% 31 31% | Ketvinator Corp 8% s ¢ the most favorable issted by the car- | (‘deral-American . . E ment serurities declined $6.000.000 and | \:2}!anan Zine TR R s LR L] ;;’J.u.';t‘.,..‘éfi' vier so far this year, While both gross Liberty i A H Street Connecticut at K & _— and . lumet&Ar). 001, | K1nney pf« . 3 . oy Pl incoln T e ot | Call & Hhactac3) : 190% | Kolsver Radto. . 58 Telautoghibe), [and net continue, to show declines, ve| Kationls Setrosaan i tricts and $15.000.000 at all reporting | ConDryGAled) 7 T, | Krafuglis) 66% Tenn Copper(1). g B Rl 5L ¢ | Cettna : Maix 9500 panks. | Holdings of other bonds, stocks | G2 Pacifici10). 211, % 211% 2131, Kresze(v160).. 80 Texus Corpnis). O AL Yuvetiiion foF, uly| Mo Wank ‘o W o securities declined $11.000,000 in | Canron Mills. .. 4T%4 46's 47 | Iiresge SSpf(8) 112% Texas Gulf Sulte totated $10011874, & decrease of $400. TRUS1 C P Vew ¥ the New York district. £7.000.000 in the | 258 Threshx(6) 337 337 337 |KresgeDeptS.. 24% Texas & Pacih). n‘lo" $19.911 i ecrease of S40met | Amertean Security & Trust Co. 440 rivate Wire and lelephone to New York R o L the | Conr Alloy(2).. 3 395 ,, | Kroger Grote1). 115 Tex Pac C & Oil. 70, as contpared to same month last AU LG g 13. Chicas b 2. 4l g0 district and $22.000,000 2t &ll | .ot Alioy pf(7) 21t ALE A Tex Ld Trinew) year, but an increase of $73.458 OVCr| yferchants Bank 157 Teporting barks wslelasgrs (/B o 1L | Lagoott.... 314 Thatcher Mf, June. Net railway operating income for | National Savings & Trust 810 = : rsine A 308 500 300 |LambertCo (16) 113k : H July amounted to §4,848,775, decrease of | Juon Trust . = Heard in Financial Distriet. r1o de 1'as(5) 77% 17 17 |LeeTire& Rub. 201 Thatcher pf 3.6 RS Of | Washinston Loan & Trust 500 v & & Rub 204 I'he Fair(2.40 $1,161,670 as compared to the 1927 NO: William Montgomery. president of the | o !N-Teed(4) 43% 44| LehighVal(33%) 99l Gy PR month, but an i s¢ of $554,808 over BAVINOS BANK. Acacia Mutual Life Association. has Te- | Changiorcr .’ 10% 11t Lehn& Fink(3). 53k oo S il e e 1808 OVEr | wank ot Hethesds 2 turned o the city following & SHOTt V- | Crena OnItis) 1oie 1o0" 1oa 153" | Lima Losomeve. 42 idewater AsOII 21l 2 ; . ommercial & Savings.......... 33 1 4 185 | Lia Carb(3.60). 7 < Tide W Oi1 pte3) Reflecting the efficient management st Wasaington 3 O ok SRS, C&0 Corpn(3). 66 65% 657 | Life Sav(1.60).. 304 o T tomac Savings N ¢ % Timken(15). . of the road, operating ratio for July was | lcurlty Suvings & Com . 3 J l?nbe'r; assistant cashier o! | i & Allon. 10% 10% 10% | Ligk Ayes BYE 908 | Tobac Prod(m). \ggs National Bank. has returned from . Cny & alion pf.. 15 4 oo ol i £ 44 F. B. KEECH & 60.94 par cent, the lowest so far this| Seventh Street —— Tobuc Prod A(7) vacation at Cape May. N. J Chi Great West, 13 13% | Loaw’s pt(6%). 101 scomt 11 vear. This compares with 75.78 per cent United =States | Members t ¢ ‘ Lranscont Oil. . L. Offutt jr. vice president and | cn; Gt west pf, il o 4 1510 H STREET N.W. WASHINGTON. D. C 27 | Washington Mechanics S Dl p Inha datvs thanch I A0 i of i) FIRE INSURANCE New York Stock Exel New York Rubber Exchange r of the Disirict National Bank. | o . A s ) o e ’ 228 | Amertcan a00 Washington Stock Exchange Chicago Board of Trade . - Chi M1l & St P, 5 Udwa Kl #14).. 6O railway operating revenues totaled | areo 130 4 . . : 3 . - ioday for a trip through the Mid- | Cn; a1 & 5tp of 523 T | Looke'w (1809 .. TLG Union Carb(8) 131,143,130, a decrease of 812,574,503, | Firemen s i Chicago Stock Exchange New York Cotton Exchange ineluding Chicago and Mi'- o E | Lorillard Co ... 29 ) Y i ot - . National Union 250 New York Curb Market New Orleans Cotton Exchange C! Chi& Nwn(4) Lorillard pf(1). 96 Un 01l Caliz). .. As compared to corresponding period N v 5 . Suz - waukee Chi Pne Tool - I v . f 1125t ye o v ® dma ! 1ITLE INSURANCE New York Coffee and Suzar Liverpool Cotton Exchange, Lid. Zhi Pne Tool6) Loutsisna o). 14% Jnion Pacc10). . st year, and net railway operating in P Exchange Associate membder. . Chi R1&Pac(6) | LouisGasA(1.76 38% 1 Un Pacific pf4) come amounted to $22,561,135, & de- | Colimbia Title Ry i t NEW YORK PRODUCE. Chi Yel Cabl3). 3 4 33% | Louls & Nash (7) 144 Utd Biscuit 1.60. 45s 4 5 cline of $3,681,840. fitle & v Co of Md com || & ‘nickasha «3).. » | Ludlum St12) PI N ix td Cigar St(1). 2p 2 2 “ Wash. Cons. Title pfd ORK. August 28 (Special).— ChildsiZ40). " < ttd Cgr St pfi6) MISCELLANEOUS ¢ York Duchess apples. U. Chile Coc2) i Mecall Corp(3). 72 | Uta Fruitcis iy S o | Burber & Ross. Inc. com 9 i i 1 23t slock whole- | Ghryaier 2y, i nte o | U Paperboard EABOARD STATEMENT Ehevs” e bulty oid New \:rk Philadelphia Providence 350 per barrel. while basket | City S1 B 5% stk | Mueweapt. S0 . U8 Distributing i e Pairy oo 52 Broadway The Ritz-Carltor Grosvenor Buildin pferings of the same grade and size | Cluet “Peabis) % 7 IMSaczaiskes). o 133 Hottman 1) Report Submitted for Seven-Month .,'.‘.‘“L o ol ; ; 7 i prought 1.121;. California Gravenstein Clueti-Pea pf(7) 120% 1207 | Mackay pfid)... Aok W 8 E 8 Alcohol(s) . . e Paper Mg 88 9 Chicago i B i by ool b s i it Macy (R H)¢ U8 Leather.... 46 < as ki e e Pl sthg, S Gavel i a 231 So. La Selle St te New York big Boston lettuce | Collins& Atkmn 56 56 55% ,,,,‘,!r-'"y (R H) ris. U8 Leather A. . 3 b BALTIMORE, August 28 (Special) — | Federal Storase pid = S s t at 50a2.00 per crate, princi- Puel & Iron. 637 Bh% 62w e U 8 Lea pr pf(7) The Seaboard Air Line Railway falled hogersi-Amenican Co Dy 1.0081.80. Western Ioeberg letuce sy e 110% 10708 Mugina Coped). US Realtyd).. to earn the July proportion of interest | Lansion souo Private Wires to realized from 2 75a4.50. rarely higher. &K DIA(6) 1074 107 | Maitison U S Rubber. ... i ond other fixed charges by $60,813, but | Merchants' Tran | . Gieen peas from New York State Col Carbon(4) L R 2 4] U S Kub st pt .. for the seven-month period covered | Merchants Trats s 2 i Baltimore Chicago Providence at the top price sold at 150 per bushel 32 52 3% 3% mzK AT AL AT U S Smeit (31 ). 1 those requirements by a margin of | Nail Mtge & i ola \ Beiton Now- ¥ork Riihend Colorado peas 1 e 2% | o @ 36 LU B Smpriy). $701,974.78, exclusive of the interest on | Peovles Drug Stores pfd X . » ichmon urity Storase Philadelphia 4 %y a8 oel(l).... i the adjustment 5s, the report of oper- g ek | a0 a7 U5 St utci), ations st Issued revealed. PSEC | Sty Oosecy O Bil P 3 ;il:r'u: 2% .. ‘.,':‘. | :m: |"mI )xl&x):(l) For the seven-month period carnings \: ooy l\l‘ulll td 5 and pickles ongoleum-Nair o - x| Univ Pipe & Raa were $227,811 short of covering Interest | \Laih \edle ey 2> Hudson Valle Favorite DRATS | CongCgrat14th) e e By atw | UePELA Tl 8 on the adjustment 5 per cent bonds. | Wosward & Lothiop bid trom 15082.50. | (:onmot Cgratl). # i B e 4 ‘ * | Vanadiumire) Net income applicable to the payment “Ex-dividend Barreled offerings | con piim ptez). 25 o i el Van Raalte. . of interest on the adjustment honds was . D ik an Kawlte pf. . $665,062.60 less than for the correspond- — Bllept e FOREIGN EXCHANGE. . Juotatiuns turnighed oy W B Hibbs & €0 ) the No. 1 stock o) Ganih) | Mtaml Cop(1) 5 a7 Viek Chem (1) ing period in 1927, Nonuial soid Sell ‘i Exchange to Remain Open. round 289 | Cousolaspfh) Mid-Continent 2008 | Consol Textile Middie States. .. Victor Talki (1) Va-Caro Chemn .. Valie ‘or pat London, nuinl‘;} . X: 3:65 L1 ‘OR e Gov- Montreat, doliae NEW YORK, August 28 (P)—Gov- Montieal d e untaine:r A 1 20 - b * b [ ol e b et 2112 : i States ot s My Tl 3aking A.. 30 325 Rubher. | Va-Car Ch pt(1) tfower s0ld a5 | Cont Baking §. . ¢ - i ! Vivaudou Co | ernors of the New York Stock Exchange | [T Mortgage 2s low 85 Cont Bak pf(%). & B2 B2 MSLP&SSM 11(4) 630 Vulcau Detin(A) today voted to keep the Exchange open Berlin. mark ... ... 238 3 Bords brought from | Cont Cantb). ... 11b% 116% 11 Mo Kun & Tex.. 40% 4 | wabasn 3 for trading on Saturday, September 1. fome lirs . . g ont {nsurc6). . 83 82 Mo K&Tex ut(7) 1044 Wabash pf A(5) Members had petitioned for a closing. Athens. draenma 19 | Cont Mont (80e) 12 Missour! Pacific 68l Waldort (1 g ) The New York Curb Market also will {tadrid, pesets R [Corn Proc1aig)y. B2 ) Missour! Puc f. 1205 Walzreen pt 6% be open for trading on that date Bisdapeat.” ponEs 118 Z Jrucibl 41 212% 4 rd N Copenhugs crown 2 4 in 37| Cube Cane 80 nf MOOHAITOr, .o T | ers Sumnus. 4 ! Plan to List Stock | Ol R 8 Mountains | Cuva Company Mother Lo(30c). 2 2 | Ward Buk pt(7) NEW YORE, August 70 (B Siny " oo wowe o W A;l',"“y” w « A:r‘r“l:‘l,!‘ifi?”v: Y b ::r::l:;n‘:;l 4 ‘;\Ip !;7%. 7 1 7 :tarncl :im\ P are under way to apply to the New York | om In Tt pf 6% hest cv 5 om Solvents k) per bushel basket om Powr(13) Telephone Main 213 Cabl> “Keecheo™ The SEAL of SAFETY GUARANTEED SAFETY AND 6': YIELD Insured Mortgage Bonds of the Federal Security and Mortgage Company embody all desirable safeguaras for the protection of the investor’s principal. (Reportea by | & W Selgman & U Bid Independently trusteed by a large National Bank and with nnderlying collateral unconditionally guaran- teed by the Equitable Casualty and Surety Company of 108 | Curtiss Aerot1) ' 1174, 108l Motor Whi(2).. A4% Warren Brost4) vicultural Co., Inc. one of the largest owner-occupied homes of the Distriet of Columbia, they e of contyacts et since utlr-Ham34%) 61 Murray Corp. .. Mw W Penn K1 A7) 106 would make an important addition (o A & | ths last year The largest o RelbHED G it ) e largest Job | )00 0n o pfe7) Nat Aeme (wia). I4a West buiry B it . Caittarnia Pet - Corn SILVER QUOTATIONS. D { Datroit £d (%) by 206 | Nat Canh R A(3) Weat Lacifio pf . o1 Gufinia Clan uesne Lightine 41, 1987 00,000, under the supervision of the N 4 3 \ ~ | _ ew \ | Dodge Bros A. 195 19% 19 | Nat Distill Westnghsetd). i - . s e | Editon ) i o, 1 I York State New York bank clearings, $1,2564,000,000; | potsS® LIALE ) -l i I Weston Electrio 224 s evi00 | BlBaleuyoevp Dop : Lom. 1678700 2o.m 2474400 |Grd Jrunk of Canads ex 1838 903,400 almos cent | Cushinan's(g4) 9 u ke y 34439 902,401 4 per cent s n'sche 196 196 Mulling Mfg ) Wab & Hail industrial enterprises in Italy. It is be- Aluminum Co of Amer 2 are the ect obligation of the Company with resources eer e H00 % ” pnds & ¥ 1 REO00. | (s comam, 6. 0 T MRshIBLEII). A0 W Penn il pf(7) 0z the small group of forelgn stocks now t week was the straighten- | G880 000 Nat Uslias o West Maryland, 1 Canadian Nat Ry NEW YORK, August o ) Cofimmia Gas & B evostlt CLATS 504 0% O Nat Duiry(4). L Unionis) ok e gy, ‘44 B2 | Chidahy Packine Bos 4'.s 1030 ‘ NEW YORK, August 28 (Bpecial) — | boqks Bro el L ey ol - v, go s Jom " ] nsurance Department, they present an unusual invest New York bunk balances, $113.000,000: | ruy tneid). o' 107% 108 107% f 2014 White Kaklel2) LG | Gult oii'af Penn | cad of the eigh ths of 1927 | Cushmann pf(7) 125 125 Munsingwr(3).. A% W lenn ki f(8) 1007 lieved in Wall Street that the listing Amerc4d BRI of over $1.230.000 ,,,_“ja,,,:" aith $20.853.000 In Lhe first | DAY ison URAM i | Nanh & Chatt1). 173% Went P Poih). 1060 dealt In on the exchange | Rl .|,T :,I,Ivm v,,‘d Ijm AoRgo Biver sl s omt Of | rening W of. . Natl Bisc(i6 1) Wast Md 34 pf 4 et oo Ry NEW YORK BA‘NK CLEARINGS. | Diamona 81419) 163 164 162 162 | Nat Dept Stores thue A B(2) dbin " 4 e i et | n:,'.‘.v;“:": oy !\:Pw 000 et th aprviion of the Now. Toth Sots ien Fetrofoum Corp. 3o 1040. . 100 ° w‘ ment with a liberal yisld of 6'3% net. w York Pederal reserve balances, | ;b int(4) 58 bA h8 | Nat Supply(6). 99 : White Motora(1l Humble Ofl 8tas 1932 060,000 Dupont (113 50) 479 479 879 | NarSurety(10). 40b% 305 i 3 White lock (2 % 49 3 DIvideno rutes as €1ven In the abuve thile Descriptive Circular Sent on Request . aneman(18) . 18d%% 184% 168 184 | Nat Teats)..... 218 276 : White Bew Mach 87 7 | ionk uarioriy ‘or hujl-eeagls Aeciar ““.‘ the | Mussachusesty Qus € #lva 140 118 & Enton AXle(2).. AT% b0 4T% 50 | Nevada Ci1%). 28% 2a% Willys Uvi1.20) g Unlt “of 'trading "lem than Fou | Drezon Bhort Line 4a 1939 . To Discuss Credit Situation Eisenlohr&Bro. 8% 20% 18% 20| N Y Air Brod).. 42% 42 Wilson Co pf A. sobartts cbua ™ B T ek ) Wi | Pre @il Gorp Wi 1037 I deral securlty d Mo age C(). NEW YORK, August 28 UP—The|miumeon (34). 24 B4 a4 ot 18w 171y Wilson & Co pf . Drad m:'f?.'?. r:..ur-‘.' Tals '"R'Efl [ Botharn “Bue " on " o It evedst siuation will e major 1opic | Eitingn pfi6’s) . 1025 102% 102% 102 nt(rta).. 0 6 w o : Aole in atook > | geodt situstion will be the SAlor P | KiingniFiels) O N L i i saet oolmech (b} D18 Doy e, M L 0T (ST, | andare O Mageasy & wscussion 8t the Eleo Auto L(4), # 9n 9 ALK 124 124% ATt | el 1§22 K Street N.W CAP 1 Tasbn& SURPLUSJOVER $750.000.00 ) Warthn Pump ., 395 b g the American Bankers' Association in | Eiestric Boat. .. 100 9% ou|NYCSUL A 106 106 Wright Aero(d) s B Hook ioearih K pit gt O | Ao BiCa ‘o Gaitt 3y 109 . Phiiedelphia Octoher -4, President | GlecPow&Li(1) 36 364 bk 36l tclrlmth 260% 210 Wriglavithig), . sook: % Blua 'fr U 00 Ao 13h “oomas BPresto 0 bl call 10 Blee PALt pf7) 197 7' 1074 1077 N Bty B0 wlinw Triek .. bt Avpbls 1010 ¢ A 1