Evening Star Newspaper, August 29, 1928, Page 10

10 @ FINXVEYRY - First Mortgage Loans Lowest Rates of Interest and Commission WALKER ELECTED Mortgages JAMES Main 5328 1520 K St. N.W. I HODEBDDDDD 9 & Tailors to successtul men since Pen nia Ave ‘ ] became the Nations Main Street | DESIRABLE | Offi For Rent Comm Bank Building 14th & See Superintendent Investments Y. PENNEBAKER N nsylvania Avenue Somerville's | sented at the meet- !ing, was accepted, land Mr. Walker ce Space ercial National G Streets N.W. Consult Us First If you vour Rea let us hav today. Pr, No The Commercial National raid Op C Commercial ompt Service Appraisal Fee Abitibi Po pf(6) oy | Abrahm&Straus i Abr&Stras? % pf Widely Known D. C. Business | 34 Rimie s | Ahumada Lead. Man Is President of Park | Air Reducin2). Ajax Rubber 3 Albany Papr(2 { Savings. Alliod Chem. | | Ani, | R [ Amerada(2).... | George E. Walker, lumberman. and a | 4 ASTICU! CAm | director in several Washington insti- | Am Ruet tutions, was elected last night president | Am Beet [of the Park Savings Bank, at Fourteenth | AT Boseh. ..o~ {and Kenyon streets. AT Brown Bov. | at a meeting of the R Rn B0 board of directors, AMCaN(e). | to succeed Thomas AmCar&Fdy (8) ille, resign- | Am Chicle(3) AmChic pr pf(7) Am Drug(80c). Am Encau Am Express(6). Am & For Pow. Am Hide & Lea. ||| was advanced from Am Home Pr(3) |lithe post of first | Am Ice(t23). . vice president to Am Internatl(2) Il| that of president. Am LaFr&Foam | The new president Am Lakrance pf !was one of the Am Linseed. ... charter members i Am Locomot (8) {1 of the bank and is | Am Mac&Fy (4). | widely Kknown in George E. Walker. | AT Metaisi3).. Washington | Am Piano pf.... | through his business and financial in- | Am P& L(1D).. | terests. He is also a director of the!Am Po&L pf(6). | Pederal-American_National Bank, and|Am Radiator(s) = | a member of the Board of Trade | Am Republic. .. Other officers elected were: George | Am Saf Ra 415, A. Prevost, advanced to first vice presi-| Am Seatiug(3). dent; Dr. Wade H. Atkinson, second vice | Am Ship & Com. president; A. F. Jorss, third vice presi- t‘\\"limellm;‘ts) need money for | dent, B o Stuns, vice presi- | AT SMul%). R s ent and cashier 4 3. | Estate financing Ldr»w;mm to directors of the Park Sav- | Am Sugar..... e vour application | ings Bank. which has made a conspicu- | “': T:!*M‘cn.B(l 7 | osu success as a community bank in Co- | 47 TObacrolt lumbia Heights, showed that earnings | {7 0D DT for the past six months were the best in | (1 &~ W&icl; its history. The book value of the stock [ {7 ALESERI(CD)- — is high. Deposits at the time of the | T SO0 - last call of the Controller of Currency. |y ,i00" Pr-+ Goibiy June 30, were $3.326,110.63. oo Shonrmstbinl FElectric Output Increases. :::;::l‘dl:‘:‘?“ sh_Cavital. $800.000 Electric output of subsidiaries of the | \rcher Dan ris. | North American System, which in- | artioom(3) ! Natlonal Sank Bids. | cludes the Washington Railway & Elec-| armourDel pf(7 11th and G e ) LOANS On Im in Mary of Columbia o Commission Charges WEMB_BBO REALTORS 809 15th Street Main 9486 Mortgage Metropolitan The National Mortgage lnvestment | Washington properties were included in Co res secured by o Prompt Attention to Applications National Mortgage & Investm 1004 Vi. Investment Suggestions Fach month The Equitable pre- pares 2 hi=t of bond suggestions e for business and per- stment needs, suita monthi the inter TY EQUITABLE SE COMPANY IN 917 Fifteenth Street, N. W. WS REAL ESTATE | .. LOANS i 5% Homes Busi District of Columbia Maryland-Virginia 3.5-10-Year Terms Prompt Replies Randall Decatur 3600 1321 Connecticut Avenue Mort New York Life Insurance To. tric Co. of this city. has been running i Armour. 111(A). | well ahead of the third quarter of 1927, | Armour, I11(B) | according to the Wall Street Journal.| Armour.Ill pt(7 | In the period from July 1 to August| Arnold Con & Co 16. weekly gains ran as high as 21.41| Asso Dry G(2% | per cent over corresponding weeks of [ Asso D G 2d(7). 1|/1927. while at no time during this | Asso Oil(z). | period was the increase less than 14| Atchison(10) per cent. with the average gain above | Atchison pf(5). 17 per cent. These indications. the | Atl Coast L(710) Journal predicts, point to “a good gain | AtlGulf & WI.. | for the year as a whole.” | AtlGuR pr(3).. I|| “For the twelve months ended June | Atl Refining(4). ||| 30. North American earned $19,908,203 | Atlas Tack..... | for the common stock after all charges, | Austin-Nichols. {|| including ample depreciation reserve. | Auto Sales..... | This was equivalent to $4.35 a share | Autostrap A(3). | on the average 4.547,955 shares of stock | Bajto & O(6). .. i|| outstanding during that period and | Bang & Ar(3%) compared with $3.79 on the 4.142,621 | BankofMan(16) average shares outstanding during the | Barnsdall A.... corresponding period of 1927. BarnsdallB. ... W. R. & E. Control. Bayuk 18t pf(7) Beachnut(73).. “Formal aquisition” of the Washing- | Beacon Oil..... ton Ratl & Electric Co. is called | Belding-Hemwy by the Journal “an important factor,|BelgR pf(t5.98) which will have a salutary effect on | Best& Co(3). per share results during the coming | Bethlehem Steel year. 5 Beth Steel pf(7) “While for some time" said the | Bloomingdale.. journal, “the North American Co.|Bimingdle pf(7) owned approximately 75 per cent of the | Booth Fisheries common stock of this company it did | Booth Fish 1st.. not have the required percentage to | Borden Milk(6). effect voting control, due to the fact| Boston & Maine that the preferred stock of Washington | Botany Milis(A) Railway & Electric has equal voting | Briggs MfgFCo. power with the common. By the end | British Empire. of the first quarter of this year, how- | British Emp 2d. ever, North American’s holdings of | Brockwy Mot(4) | Washington Railway & Electric voting | Bklyn Edisn(8). stocks were increased to more than | Bklyn-Man4).. 50 per cent of the total voting preferred | BKlynUnGas(s) and common stock, while its common BrownShoe(23;) | stock holdings advanced to about 85 | Brunswick B(3) | per cent. " Brunswick Ter. “After proved Property Jand and District 6% Interest W. Loan Correspondent Life Insurance Company and Bucyrus(1). Bucyrusev(2'%) Burns Bros(B). Burroughs(i4). Bush Ter de(7). Butte Cop & 2 Butte & Sup(2). Butterick Co. Byer &Co...... Calif Packg(4). Calif Petm(1).. Callahan Zinc Calumet&Ar (). Calu & Hecla(2) CanDryGAle(3) Can Pacifie(10). Cannon Mills Case Threshg (6) Cent Alloy(2) Cent Alloy pf(7) Cerro de Pas(5) this accomplishment . {the North American system beginning ration | April 1, this year. As of December 31, rpo 11927, Washington Railway & Eelectric | had ‘outstanding 65.000 shares of com- t 1 s mon stock an L shares of pre- to purchase good Jj e stock B0 N eported earnings of second |1§1766 a share on the common stock n improved real || “Washington Railway & Electric. the District of ||however. owns all of the common stock the District o 4,0 sts subsidiary, the Potomac Electric | Power Co., which earned $2.789.465 for |its common stock, whereas Washington | Railway only took down from his |amount as dividends on its holdings 151,080,000. Giving effect to all earn- {ings of Potomac Electric Power, Wash- | ington Railway & Electric earned ap- | proximately $44 a share on its 65000 | shares of common in 1927 “North American’s percentage of this, | lon approximately 55000 shares of ! E:&ng]ler-f“ oy | Washington common, would be $2441.- f‘n‘nne(;;fil(l;d 1000, or about 50 cents a share on the oo 0“)) | 4771717 shares outstanding June 30, mAn:: . | instead of 7 cents a share on the basis | I & 41100~ of the $6 annual dividend declared | cpi A PRht: - by Washington. Chi Gt West pf. “Balance sheet of North American | Gy aii'esep Co. of June 30, just published. also| G wi) & StP pf shows the effect of the acquisition of | Ch: & Nwn(4). . |the Washington properties. Most of | Chi R1&Pac(6). the increase in plant investment % (CR | & P pf(§). $698.486,364 from $620.384.338 March | b(3), 31, this year, reflected the addition |Chickasha (3).. | of the plant accounts of the Washing- | 10) {ton system, which December 31 fotaled | Chile Coi2%) | approximately $75,000,000. Christi B(1.20), Other Companies Affected. ikt LAY “Item investments in stocks and bonds | Ciueti-Pea pf(7) of other companies also was affected | Coca-Colu(s). .. by this transaction by transfer of the | Collins & Aikinn e of North American’s holdings in “uel & Iron. preferred and common stock of Wash- ou 18t(4) .. |ington Rallway to the property and |Col Gas & Ei(5) | piant account and by addition of the | Col G&E pfA(6) | investments of Washington Railway & | Col Carbon(4).. Eiectiric. North American also pur-|Com Cred(1)... sed this year additional common | Com Cred 1st 6% | stock of North American Light & Power | ComInvTr(3.60) Co., which it controls with Insull in-|Com Solventa(§) terests.” | Com Powr(13).. The Interstate Commerce Commis- | Conde Nast(z).. sion today placed a tentative valuation | Congoleum-Nair of $20,603725 on the used property of | CongCgra(i4i4) the Postal Telegraph Co. and sub- | Conley Tinfoil. . sidlary companies as of June 30, 1919. | Connot Cgra(7). The ientative valuation placed on the | ConClgprpf (8% tolal owned property of the companies | Con Film pfez). was $864 of the same date Consol Gas(5).. The weekly estimate of the (otal | ConsolGaspf(5) quantity of bituminous coal produced | ConRRRCuba pf 6 in the United St prepared by the | Consol Textile. . National Coal Association, shows a|Container A 1.20 total for the week ended August 25 of | Container 13 60c, 9125000 net tons. Little change has | Cont Baking A.. appeared n the weekly rate of soft | Cont Baking B.. coal output for several weeks | Cont Bak pf(¥). Ways and means of forming a trust| Cont Cantb). ... fiduciary section of the District | Cont Can pf(7). Bankers' Association were considered | Cont Insur6). . at & meeting of the council of admin- | Cont Mont (80c) ration today sfier the weekly lunch- | Corn Pro(1i4 ). con, with Robert V. Fleming, president, | Coty Inc(gb). .. presiding. Establishment, of such a new | Crueible 8t1 (5). | section was recommended at the an- CubaCaneSugar nual meeting of the association at | Cuba Cane Su pt | Montauk Point, Long Island Cuba Company . The commitlee on commercial trade | Cuduhy Pkg(4). activitles of the District Bankers' Asso ciation has been subdivided under the | Cushman’s(§4). heads customarily used for distributing | Cushmann pf(7) the work of the committee. The divi- | Cutir-Ham(3%) fon of work, named by Frederick P. H.| {,, vieon Chem, . Slddons, chairman, and approved by | oG Gl Robert V. Pleming, president of the | 5o he'wn pr . assoctation, includes the following: Sub- | ot 8t committee on real estate and building. 0okt C1A 13 james H. Baden, chairman; John R.| ity o Yy, waller, Bamuel M. Thrift, H. I Young | \oqge lron A. and J. Frank White, subcommitiee on | poaye g automotive trade and finance, Charies | o0 Min D. Boyer, chairman: C. H. Pope, Joshua Evans. jr., Fernando Cuniberti, William R. de Lashmuti; subcommittee on | pypent(113.60) finance and mortgage companies, Bar- | enmanc1¥) |bum L, Colton, chairman; F. P. Har- {man, jr, H Hoskinson, K. Percival Wilkon: subcommittee on merchants | and manufacturing, Vietor B. Deybe: | chatrmi Harry V. Haynes, Lanler Fileo Auto 1.(4), MeLachlen, Robert 1, Flather and’ Kisetrio Boat ent Corporation Ave. NW. M. 5833 ication sup- a Bond List with atures devoted te of Bond buyers. "URITIES A4 wbsdiary of able Trust (ompamy o New York HINGTON, D. C & 5%% , Apartments and ness Properties In nd Nearby H. Hagner & Co. incorporated) Loan Correspondent . 108% Received by Oven. High. Low. Close. § L A1 Al 80 90 80 1M 1188 11 M 1w 100 44 407 58 524 7). 133 307 19t 0 6 111 51 897y 1nz 117 13ty 56 10905 10ty 294 48 109% | 107% A% a2 BEA 921, 177 #6 1007 Hh 1081 1008 10014 LR 1107 108 ] AR (LI Blta B1 102 Al B0y 72 1% 1071 HRL, 3k ARl 91n, 179% | Rty 64 Un2Ly Open. High Elec Stor Bat(5) 534 84'a Elk Horn pf.... 13 Emmerson Bpf. 8 End-John(5)... 17'a Engineers PubS 40% Tng Pu S pf(5). 98 Equit BIAg (2) n Frie R R. o 18t pf..... Sureka V(1%). 66 | FalrbankMpf(7) 110 | Fed Light pf(6) 103% Fidelity-Phoenx 854 Rifth Ave(f4c). 1t | First NatS(13%) 41in Fisk Rubber.... 11 Fisk 1st pf(7).. 70 Fisk Ist pf ov(T) 64 Fleischmann(3) 76 Foundation Co.. A% Fox Film A(4).. 901 Freeport (16%). 61 Gabriel Snub A Gardner Motor. . Gen Am Tnk(4). Gen Asphalt. Gen Asph pf(5). Gen Cable Gen Cable . Gen Clgars(4). Gen Elec(15) GenElec sp(60c) 11t Gen GasA(ol1%) hTi Gen Gas pf A(7) 1104 Gen Ice Crm(3). 78y Gen Motors(i7). 195 Gen Mot pf(7).. 12 Gen Outdr Ad(4) GenOutdrAd(2). Gen £(5). Gen Ry S pf(6). Gen Refrac(3).. | Gillette Raz(5). Gimbel Bro: Gimbl Br pf( Glidden Co. Glidden pr pf(7) Gold Dust(3) Goodrich(4) Goodyear Tir Goodyr 1t pf(7) Gotham(1234).. { Gotham n(1214) Gotham pf(7) Graham-Paig Grhm-Paige cfs Granby Min(4) Grand Stores(1) B 84 7 119 101 10414 10115 1015, R35 LI 8% Rl 8lia 1175 Gt Nor pf efs(5) Grt Nor O(134). Grt Wn Sug Greene Cana(4). 117x Guantanamo S 5y Gulf StatesStl. 63 Hacknsk W(114) 24% Hack W pf(13) 2 Hack pf A(13,). HamiltnWpf (6) Hanna st pf... Helme G W(5).. Hershey Corp. . Hershey pf(4). Hoe & Co A Hollander & Son Houshold(14).. Houston Oil. Howe Sound (4).. Hud Man(2%).. Hudson Mot (5). Hupp Mot (£2).. Illinots Cen(7). Indep Oil(1).... 2 Indian Mot(1%3) 32 Indian Mot pf(7) 10 Indian Refining. 3 Indian Refg ctfs Inland S(k16%). Inspiration Cop. InterboroRapTr 4 Int Ag Chpf (7). 7% Int Bus Ma(5).. 126% Int Cement(4).. 64l Int Com Eng(2) 6214 Int Harv(j6)... 2831y 28 Int Harv pf(7). 140t Int Mtch uf 3.20 110'% Int Mer Marine, 5 Int Mer Mar pf. 3 Int Nickel (3)... 112t Inter Nick pf(6) 124 Int Paper(240). 70t Int Paper pf(7) 98'5 InPap pfefs(7) 984 Int Ry Cent Am. 4413 Int Ry CA pf(5) 80 Intl Salt(5).... 56 Int Tel & Tel(6) 131 Island Creek(4). 48% Jewel Tea(4)... 130 Johns-Manv (3) 12713 Jones & Lau(7). 121 Jordan Motor 9 KCP&L 15t(7).. 110%5 Kan City South. 58% KayserJ(3).... 170 Keith-Albee. ... 20% Keith-Al pf(7).. 79% Kelly. ring. .. 0w Kelly Tire 6% pf 65t Kelly Tire 8% pf . Kels Hayes(2).. Kelvinator Corp Kennecott (§).. Kinney pf(8) Kolster Radio. . Kraft(gl3). Kresge(11.60). . Kresge SS pf(8) Kress (S H)(1). Kroger Gro(el) . Lambert Co (16) LehighVal(315) 100 Lehn & Fink(3). 63% Life 8av(1.60).. 10 Lig & Myrs B 6 913 Lima Locomtve. 421, Liq Carb(3.60).. 72 Loew's(13)..... 574 Loew's pf(6%). 101 Loft. seve 14% Loose-W (1.60) 69 Lorillard Co. 28% Louistana 01! 140, LouisGasA (175, 36 Ludlum Sti(2).. 630, MeCrory A(2).. 1023 McKeespt Tin P) 71 Mack Truck(6). B Macy (R H)(ch) 1121, Macy (R H) rtx, 268 2 Mad Sq Gar (2). 23 Magma Cop(3).. b2 Mallison & Co. .. | Man i Sup(5) Man Shire(2)... Maracaibo Oil., Market Street. Mariand Oil.... Mar-Rock 12% Martin-Parry | Mathieson (6) T4 1431 Rin 478 9% 591y H6%% 79% 12 105 116% 145 2 a4k 367 16t e | Mathieson pf(7) | May Dept 8(4) Maytag(13).... Maytag pf (3).. Mengel Co . | Mexican Seab. Miami Mid-Continent Middie States. Mid States et | Midland pr(112) Miller Rubber.. 23 Milwiukeo E1(6) 109 Minn & 5t Louls s Mo Kan & . 12 e 1 Pacifio 70 Minsourl Pae pf. 121% Mohawk ) | Montgmry W (s 2174 Moon Motor Mother Lo(3 . Motor Meter A, Motor Prod Motor Whi(z). Mullins Mfg .. Munsingwr(3).. Murray Corp... Nash Motra(16) Ko% Nat Acme (sta), 15 Natl Bisc(16%). 17674 NatCash R A(3) ndla Nat Datry(3) Nat Dept Stores Nut Distille Nat Distille Nat Ename) & § Nat PowL Nut Radlate: Nat ity Mex 2d. Nat Supply (16) NatSupply pf(7) Nat Surety(10) Nat f 4)... Nevada C(174) . NO Tex & M(7) N ¥ Central(#). NYC&BLL(S), 124 N Y CStL pf(6) 106 N Y Dook " NY N 991, 116 BO06Y 0 e 53 1408 172% HA&H(1) 60% 60y H&H pl(T 1144 118% e THT EVENING STAR. WASHINGTON. D. . WEDNESDAY. AUGUST 29, 19284 N Y Stm pf(6).. N Y Stm ptA(7) Norf & Wn(r10) NorAm b10% st} North Am pf (3 NorAm Ed pf(7) Rorth Pac (5).. Norwalk Tire. .. OppmCollins(f4 Otis Elev(i1).. Otis Steel. Ous St pr pf(7) Outlet Co(4) Owens Bot(ci4) Pac Coast 1t Pacific ¢ Pac Qi Stubs. ... Packard Mo(74) Pan-Am Petrolir Pan-Amer Pet B Pan-Am Wn B.. Panhandle. ... Parmt-Fm(j8).. Park & Til (13). Park Utah(80c). Pathe Ex . Pathe Ex(A). Patino M( . Peerless Motor. Panick & Ford Penn C&Coke. Penn Dixie Penn R R (3 People’s G Peoria & Phila Co pf (3). Phila & RC& 1. Phi! Morris(1).. Phillips-Jon(3). PhillipsPet( 1) Phoenix Hosiery Pierce-Arrow. .. Pierce-Arrow pf Pierce Oil Pierce O11 p Pierce Petr: Pillsbury (i Pitts Coal. Pitts Term C Pitts&WVa(6). . PortoRicoTohA . PortoRicoTobB. Postum (3)..... Pressed Stl Car | Pr8tl Car pt(7) Produ & Refinrs Producers& Rt pf Prophylac(131s) Pub Serv NJ (2) Pub Serv pf(6). Pub pr7). Puliman Co(4) Punta Aleg Sug. Pure Uil (50c) Purity Bak(3).. Radio Corp. Reading Ry (4). Real Silk Hos. .. Reis (R) & Co. . Kemingtn-Rand Rem-Rd 1st(7). Reo Mot(11.20). Rep 1 & S(4).. Reynolds Spngs ReynldsTobB(5) Richfield O11(2). Rossia Ins(5 Royal D(a3.2 St Jos Lead(13) ank( 18) F2dpd(6) StL&Southwest. Savage Arms > Schulte (g314).. Schulte pf(8)... Seagrave(el.20) Seneca Copper Shattuck FG(2) hell Un(1.40).. Shubert The(5) Simmons Co( imms Pete. Sinclair Oll. kelly Ol1¢2). der Packg o Por Ric S(f2) auth Calif Kd. . South Dairies A. South Dairies B. South Pac(6). South Ry (8) Spicer Mfg... Std Com Tob(3). SUG&E (3%). Std G & B pf(4). Std Milling (5) Std O Cal(24a).. StdOINJI (T135). StdOINY (1.60). tdSanPro(1.68) Stanley Co..... Stewart-War(6) Strom Car(2). tudebaker(5).. Submarine Boat Sun Oil(n1). Superior Oil. Superior Steel. . Sweets of Amer | Symington C1 A, nn Copper(1). lexas Corpn(s). Texas Gulf Sul (« Texas & Pac(h). Tex Pac C & Oi (ex Ld Tr(new) atcher pf 3.6 Che Fair(2.40) Thomp J R(3.60) Tidewater AsOll 'id WASOIIp(6) Timken(15). ... Tobac Prod(m). Tobac Prod A(7) Tob Frod efs(A) Iranscont Oil, Transie & W( ‘Trico Prod(214) Twin City R(4). Udwd Udwd Unton j Utd Biscuit 1.60. Lo ¢ ar St(1). Utd Cgr Sty (6) Utd Dyewood Utd Dyew pf Utd Frutt (o) USCILP&F(10) U S Distributing U S Hoftman (4) U S Alcohol(b). . U S Leather. US Leather A U S Lea pr pf(7 U 8 Realty (4) U 8 Rubber US Rub st pf. . U S Smelt (8%5). U S Steel(7). U S Steel pf(7) Uni Leaf Tob(3) Univ Pipe & R L Unl Pipe pr(7) Ut P&L A e2). Vanadium(i4) .. Van Ruulte. ... Van It otor Talkei) brt(7). Va-Caro Chemn Wabash........ Wabash pf A (6) Wabush B(i) | Wildort (1) Walworth (1.2 Ward Cl A (¥) Ward Buking B Warner Hros P'ic Warner P 5 Warner-Qu (i) Warren Bros(4) Warren & Web & Heil W PPenn Kl pf(7) West Dairy B West Maryland. West Md ud pf West Pacific. .. West Pacifio pt. West Union(§ Wenthse A It Westinghse 1) Waesthse 1at(4) Weston lectrio White Kagle(?) White Motor: White Roek ()., White Sew Mach White 8M pt(4) Willys-Ov(1,20) Willya-Ovd pf 7 Wilson & Co. Wilsen Co pf A, NEW YORK STOCK EXCHANGE Private Wire Direct to The Star Office. Oven 1001 1125 High 1004 1001 1123 100 19 1 821, 10 11 17 14 14014 100 5 10274 | Low. Close. | 100 112% 185 T4 53t 1013 17 97 410y 60 1210 1285 361 NN 100 95 96 166 17 9 1 14 1% 8% [EES 128 615 b4 200 30y 16 41 19 | e o ~| General BUYING OF STOCKS CONTINUES HEAVY iPrices Go Higher in Rush ofi ’ Business—Turnover i Is Large. BY GEORGE T. HUGHES, NEW YORK. August 20.—Specula- tion in the stock market reached the | R ay. Enormous overnight ! buying orders lifted prices at the start, affer which the advance was checked | or turned into other channels by offer- | | ings on the part of those who had sub- | | stantial profits on which they wanted | to_realize. | The turnover was very heavy, much larger than on the day before. In the |\ first hour the tape feil 22 minutes be- | hind and resort was had to the bond! ticker for prices, that were up to the | moment. Steel 1s Of course, U. S. Steel was the center of interest. It made a nmew high for the year of 155 Tuesday and it bettered | this” price fractionally today. Other steel stocks were in demand around their previous closing. although Centrzl { Alloy did make a new year's high and so_did Inland International Nickel performed sensa- tionally again. It was rushed acro 115 to a new top since listing for a gain of over 3 points, on top of the more than 9 points it had gone up Tuesday. Montgomery Ward initiated a fresh rise, crossing 220 to the highest | for all time. Consolidated Gas stood out among the utilities, the new stock ‘ rising 2 to 3 points, Amusement Stocks. Amusement stocks were actively bought under the leadership of Pare mount-Famous and Fox Film “A." the former at a new high. Stanley Co. of America increased its striking gain of Tuesday. Macy ran up again. new buyers attracted by the lower price now that it sells ex rights. National Cash Register went to a new top and the airplane stocks joined in, particularly Curtiss When the industrials faltered atten- tion was turned to the rails. The Missouri Pacific were among the | favorites, with the common at a new high and others were St. Louis South- | { western likewise higher than ever be- | fore, Missouri-Kansas-Texas and Kansas City Southern. Of the high grade dividend payers New York Central was the leader. There was an unusuall; large turnover in New York. Chicago and St. Louis around the low of the | year. ! Money renewed at 7'z per cent un- | | changed and the supply was said to be | equal to the demand. There was no | change in time money which was 6'. | per cent firmly bid for all maturities. There was little let-up in activity in | the afternoon. Buying was stimulated { by the easier tone in call money, which | was obtainable in the so-called out- ! | side market at 7 per cent. In the first | three hours the turnover was 2,342,000 | | shares, forecasting a 4.000.000 share 1 | day. | Sy | The copper stocks were given a whirl. | t American Smelting & Refining rose points to a new all-time peak just | under 244, Anaconda was in brisk | demand. up 2 points at 73. Greene Cananea went along and so for a time did Cerro de Pasco Other Favorites. Motors was 2 to 3 poini | higher on the day around 196. but the independents did little. Mack Trucl and White were strong and o the ac- | cessory field Briggs Manufacturing went | to a new top. One or two of the oils were taken up, notably General As- phalt and Warner Quinlan. Midland | Steel Products preferred. about 237, was up 7 points. Advance Rumely common and preferred responded to unofficial estimates of improvement in earnings. | Radio had a characteristic run-up of | almost 12 points to 200, stop-loss orders of bear traders being caught on the | way up. | FEDERAL LAND BANK BONDS. | | Special Dispatch to The Star. NEW YORK. August 20.— Land Land Land Land Land Land Land Land Land | Land Land Land Land Land Land Bid Asked 1958-28 28% Bank 4s ‘May B 195 nk 4s Nov k 4145 Jan k 41is July Bank 4':s May 1942032 Bank 41.s Jan. 1943033 Bank 41,5 J.&J 19530033 Bank 41 J'&J 10550p35 Bank 4155 Jan. 1956-36. Bank 43,5'J &J. 1953033 Bank 414 Jan. 19540p34 Bank 4%s July 19540034 Rank 55 Nov. 1941op31 Bank 5s May 19410031 Woolworth(5).. 201 2021 | Worthn Pump.. 41 41 Worth Pump(A) 56 56 Wright Aero( Wrigley (1515 | Yellow Truck Youngstn Sh(5) Hourly Sales on 1la.m. 1pm. noon1,57 2 p.m. | Dividend rates as siven in the avove tanie are the annual cash pavments based on the | Intest quarterly ‘or halt-vearly deciarations * Unit of trading less than 100 shares 1 Partiy extra * Plus 4% in stock. § Plus $3 in preferred stock ¥ Plus 1/35 In stock & Fald (his vear—no regular rate b Pav- able'in stoek € Plus 8% in stock d Pay able when earned e Pavable in cash of Stock. f Plus 10% (0 stock, & Pl 69 in stock h Partly stock | Plus or stock. & Plus 1/120 share _auarterly Stoek m Pavable 1/10 share auartery in United Glgar Siores common stock. © Plus n sioc Active. i and Va. real estate f at 5127 from 3 to Real éstate Equitable Co-Operative Building Ass'n. JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1879 48th YEAR COMPLETED Assets . +e0.$5,449,244.49 Surplus & Profits.....$1,578,070.05 Subscriptions for the 95th Issue of Stock Being Received I SAV plans In the Equitable Systematically Lay your now for financial in- dependence by open- ing an account in the Equitable. Start now, today. No matter what you are saving for—a nome, your children’s educatton ~ you'll find the Equitable’s sys- tematic plan a helping hand to accumulate money. S 915 F Street % Funds to Lend Large and Small ) D 2 and 6% Wm. H. Saunders Co., lac. Loan Correspondent Provident Mutual Life insurance Co. 1433 K Sireet Ma Amounts on Residences Business Property Apartment He For 3 or 5 Years Without Curtailment r 1016 ” Over 25 Years of J Personal Service Three Specialized Departments LOANS—REAL ESTATE—INSURANCE N D. C. and USINESS nearby Md both the first properties in FIREA burglary, automobile, D. C. employes’ com- residential pensatiol!lL ete. W'e‘ ¥ fes 1 v and suburhs ~ are well prepar We in. Droperties in city and suburk il g“g‘ - for sale or lease. List your your insurance re- idle property with us. quirements. Every transaction is backed by my perso:ial guarantee to be exactly as represented and second commercial zones 0 years. vite' your applica- ion. Main 5027 923 New York, Ave. and 1237 Wisconsin Ave. Loans Insurance . REALTOR 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. Secured by morigages 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. Intlependently 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 invest- ment with a liberal yisld of 6'3% net. Descriptive Circular Sent on Request Federal Security ¢ Mortgage Co. 1§22 K Street N.W. CAPITAL & SURPLUS OVER $750.000.00 * FIRST & SECOND | TRUST MONEY Complete Financing of both FIRST and SECOND trusts on —-HOMES -~—~APARTMENTS ~—BUSINESS PROPERTY No Appraisal Fee Prompt Service Real Estate Mortgage & Guaranty Corporation Main 1403 26 Jackson Place Mortgage Money Loaned » At Low Interest Rat. Tyler & Rutherford Representing Mutual Benefit Life Ins. Co 1520 K Street Main 475 “We close at 430 pm. until Sept. AR Money to Loa . Secured by first deed of trust on real estate. Prevailing Interest and commission. Trust FNW Money Available for FIRST DEED OF TRUST LOANS On Caompleted Properties and for Construction Use Reasonable Interest and Commission Rates JAMES F. SHEA 643 Louisiana Ave. N.W, 7>\i 0_7;’1‘-(} A GE GIVE YOUR HARD- EARNED DOLLARS THEIR DUE Some of them must go for necessary living expense, of But the surplus should be invested for vour course, protection and independence throughout later years and larger opportunities. Con- sider our % FIRST MCRTGAGES In them you will find abso- lute safety and a good inter- est return inseparably joined. Owver a Thivd of a Century Wathout a ! Loss Available in Amounts of $250 and Upward F. SAUL CO. 925 15th St. N.W. B. Main 2100 THERE 1S ced;{qer | isers Prefer The Star