Evening Star Newspaper, August 30, 1928, Page 14

T __THE_EVENING STAR, WASHINGTON. D. C. L e —— roawenss "™ gy pvevg AR waSEIMTON. D C. THURSDAY, AUGUST s et U7 eiwAsclmr PRCESAREFIRM | NEW YORK STOCK EXCHANGE | |STOCKS AGAIN SOAR oMy rRenD omees gz v s Recelved by Private Wire Direct to The Star Office. Inc, of St. Charles, IlL, and the United | (0066 aAugust 30 (). —Potatoes— UN fl B = Radio Gorporation of Rochester, N. ¥. | mecepis 85 cars on, rac, 198 care: Open. High. Low. Close. Open. High. Low. Close. Open. High. Low. Close. & 1 by Jess Hawley, treasurer 1 Unif : » U Abtint Powercs, oo Born 40k O48%% | mleo PALE prcT) 108 108 108 108 | N ¥ StmpfA(ry 100 111% 131% 111% Brokers Are Taking Keen Interest| | .;;,:m;::::, L,mp,ny, Aynw com- fi?‘.‘m&“xfi i‘.‘fih’?éf.“&‘;?‘k.’.;’.’.fi';a Missouri sacked Irish cobblers, 70a85; Abitibi Po pf(6) 89% 90 891 89% | Elec Stor Bat(5) 83 83% 83 83% | Norf & Wn(110) 184'4 184% 18415 1841 2 A e, 11ias 112 110% 1108 | Emap Capwell(2) 26% 26 26% 204 | NorAmbl0% st ‘74t Td% Td's 7% in Report of Present pany, to be called the United Reproduc- | MisSours sacked Trsh cobblers, 10a8s: Abr&Stras?%pf 111 111 110% 110% | End-John(5)... 7% 7% 7% 7T% North Am pf(3) 53 53 53 ers’ Co., is to be formed, and an offering Nebraska sacked Irish ee'bbl'mt of 75,000 shares of preference and par- a1.25; Minnesota sacked early Ohios, Pepco Preferred Stock Sells |Adams Exp (6. 340 348% 340 3474 | Engineers Pub'S 41 41 404 404 | NorAm B pf(T) 101% 10215 101% 1021 . i : 1 Adv Rumley.... 44% 46% 44% 45 |Equit Bldg (2).. 321 32% 324 321 North Pac (5).. 98 98 98 3 Rush of Buying Continues B et ot with a baais of | 85645, A THURSDAY, AUGUST 30, 16287 ~_ FINANCIAL FINANCIAED Transactions, Adv Rumiey pf. 56% 58% 561 57 | EquitableTr(ii) 483 483 483 | Norwalk Tire... & 6% 5 bW 4 i at 111 1-4—0ther Trans- | Ahumada Lead. 3 3 3 315 | Erie R R.. . 52 B2m 52t | Norwalk Tire pf 40 40 39 g []esp|te Heavy Reahzmg Special Dispatch to The Star. X 21; Raduhc.‘ln(:), 7gu 7;.", 7 l;)rlo l;l ‘v;fn“ . ??“ 5‘51': 57:. Ol Well Supply. 231 23% g 4 4 NEW YORK, August 30.—This ques- : jax Rubber. G Sureka V(114). 5% 65% e ! Ol Well S pt 00V 1001 100% 100% fon_was put recently to an official of actions Recorded. Alliod Chem. .. 199 200% xchange(11g). 217 10 o bl il Movement. the Federal Reserve Bank in New York: | 3 Allis-Chalm ¢ 13 64 Fairbanks(3). .. OppmCollin: 721 2% TIM T % ML “How much of a reduction in brokers' | loans do you regard as necessary to| — Amal Leather. . 10t 104 104 | peg MotT( f80c) s held firm to stronger generally | ai2).... 30% 30t 30 | pygelfty- Phoenx Washington Stock Exchange | icul Chm 19% 19% 19% 19% | gipy Ave(6dc). Otls Elevi17)... 218 219 217 219 Otis Steel...... 27 . Otis Sti pr pfi7) s. correct the credit situation? Should it BY GEORGE T. HUGH Special Dispatch to The Star. be $800,000,000° or as much as $750.- The Modern Viewpoint ONE of the underlying principles ay on a comparatively small volume 0% | Pirst NatSo13) Outlet Co(4). ... S ading. - Fisk Rubber. ... Outlet Co pf(7). 1K 1 NEW YORK, August 30.—In certaln| “rpe answer was: Potomac_ Electric Power 6 per cent | Am Beet Sugar. Fisk 15t pf(7).. Owens Bot(ci4) 51 83 83 |stocks the advance was carried further| “We are not so much concerned with | ' g 4 of modernism is viewing ob- PacCoast 1st... 40% 40% 40 4o |in today's market. In others there was the item of brokers' loans as with {hat Pac Goast 2apt. 23 23° 35 23 |neavy realizing, with recessions, most | of bank borrowings from the Pederal Pacitic G: ve 49% 49% 9 - - P:cmgufi:r:f:z) w B 4 40, 0f them small in amount. There Was| However, Wall Street takes a keen no change in the character of the trad- | interest in the weekly loan changes. Pac Oll Stubs... 1% 1% 1% 1 E Pac Tel & T(7). 1561% 151% 15 5 ing, which was as excited as ever. This is the day when it does its guess- ac Tel (7). 1561% 151% 151% 151% | ing, ing as to whether the total will rise or Packard Mo(t4). S1% 831 S1% S| The weekly statement on brokers'| g = 20 26t @ all. Recently it ;:n:: .1:.;1:.1: }3;: -‘L{*‘ 391 391 loans compiled by the Federal Reserve | its cnlcuhuogs. r;:-flsw?te}:nnw;%‘glm A 103 Pan-Am Wn B., 17 17 was to be given out after the close this ?:g::! mllrket thI;:h should mean a ington Gas 6's “A” rose t0 1037 ON | Am Express(6). 226 230 226 230 |GenAsphalt.... 6% 77% 5% Panhandl 15 afternoon. Priday morning the posi- volume of loans, the trend of 6 . 2 3 . K. b g loa $1000, BUmOTEr, . aropped to 1013 | ARA&ForPow' “37us "8 “an 3 | Gen A pE(E). 10 118w 1100 118 | SEERR AR Tialt i, tion of the Reserve Banks will be re- | "R, Phet <G (PoeRS, 26 By on a’e500 Geal. Barber & Ross held | Amions brcs) o oa® 33 33| GenCigars(4).. 6l 6i1s 61% 61| Park Utah(80c). 10% vealed. These two considerations may | liquidation in bonds against which firm at 94 | Am Iceit234)... 45 454 44 44% g.:gltc(ts;b.; 1s?r. 167% 1651 1657 g:g\-- E:«'k have had some restraining influence on g‘:;'lvl}:egmfl;un:tefi ':'gi;t;%cunzg;;n.lgly ¥ ‘s ” =, | GenElec sp(60c: ! ‘ it 114 o . 3 le has Ruling on Loans. d! 1 tonalien 08 T et el e e o f\!‘::“r‘:;l‘_g“tfi’,{ the rise, although thers | been_accomplished in a similar correc- The Federal Reserve Board is 0pposed | 4, y'yprance pf 69% 69% 691 69% | G°n GaspfA(T) 111 111 111 111 | Peerless Motor. offices than reflection of them on the msnsngrfilfg&?f 1‘2’3&"255&.“ price of preferred stock rose to 11115 on a turn- | Am Bosch...... 3L | pisk 1st pt ev(T) 70 over of ten shares, while Potomac 51 [AMBrSh(1.60) 4% 41k 4l 414 | Fielscnmann(3) 75% preferred held steady at 106% on' a fi""‘; hoe (7). 126% 126% 126% 1264 | Foundation Co.. 38 five-share sale. Sanitary Grocery pre- | AT Brown Bov. 13 1tk 18 184 | Fox Film A(4).. 914 ferred sold at 12515, the same as a|AmCan(2)..... 110% 111% 1084 110 | Freeport (t6%). 58% 140 140 140 140 | Fuller prpf(6).. 105 105 105 prior sale. AmCar&Fdy(6). 4% O4%a 944 94 On the bond side of the market|,r cham pr(7). 104 104 104 104 [GabrielSnubA.. 23 = 24% 23 Washington Gas 6's “B" showed the |1 cpioacy 86 1. 86 | Gardner Motor.. 9% 91 9} strongest advance from the prior sale | AMEREIO); -+ J0 J0% I00 YO ) Gen'Am Toki4). 78l 8% 78 of 106 to 106% in $5.000, while Wash-{ A™ Druf(8fe)es 13w 1w A2 AN Gop ATCpe(7).. 110 100 110 jects from new points of \....uge. Look at a drawing of a skyscraper in which the upper stories are much larger than the base—and the whole building resembles an in- verted view of the frustrum of a pyra- mid. That is just the portrayal ot the B edifice as seen from the sky. If you build your financial future se- curely, through sound investment, you will one day be able to see the whole structure trom this same viewpoiat. 45 Federal Reserve Banks granting pref- | 5 p 1o 0y 1195 123 49 w|GenGasBrells) 65 65 65 65 | Penick & Ford.. érential discount rates on loans seeured | {71 yocttior gy tary Yoy lar '3 [GenlceCrme3). T8 a7 7% | Penick&R pr(T). P Copper Stocks Lead. 50 selected stocks has advanced about | Your present contributions to your by Government bonds, as against other | . v Foco PI(T).. 11 1 114 114 |Gen Motorsit7 " Penn C&Coke. .. 3% 8 3 2 th | 15 points. That of ihdustrials has risen " -apital ” be small at the base forms of collateral. Am MackEy (4). 147% 147% 1474 147% | Fen Mot pfe7) Penn Dixie Cmt. 5 13% 14| Copver stocks were the leaders in the | 35 points. This is one of the largest ' saved capital may ¥ y Penn R R (314). 64's G4% | carly .rading. American Smelting & | gains for so short a period during the of your building. Yet not only do the Refining sold above 250 and Kennecott ! ¢ i s pronouncement came in a letter } e e oL TN TN AT | Gen OutariNate) ‘ blocks of investments increase as time “ fron Saerecary of the Treasury Mellon, | A BEAISiH) - 4l &4 40 49| Genoutdrad(2). 32 3214 32 82 | Peovle's Gaui), bull campaign. On this basis, it is be- | I i of (he Federal Reserve BOard, | Am bog b ey, 104" 108" 103 19s | €0 Ry SIE(5).. 100 101% 100 100% | Phila Copt (3).. Copper above 99 for the first time in | licved the trend of loans lately has been | ; s Phila RT pf 314 their history. Cerro de Pasco went 10 |a rising one, and it would not surprise | goes on, but the interest earnings of each of the sound securities you have | a new high for all time above 80. Ana- | the Street if the decrease of $72,000,000 purchased expand the later heights of conda made a new high since 1919 and | in the past two weeks had been over- n answer to an unnamed CIeATINE | Am Radiator(s) 154% 169% 1541 158 | G0 RY SDE(E). 104% 1041 104% 104% I eaciation which had suggested | A Rad's1orB) 184l 180 1845 1030 | Gillette Ran(5). 104 104 10314 104 | Phila & RC& L. f 54 Phil Morris(1) that loans secured by Government bonds | s . Gimbel Bros. 34% 4% &nr the same rate of interest as the | :z:::;u;:‘r; . 1;‘_": & Gimbl Br pf(7). e Phillips-Jon( Granby Mining sold at a new top for | come by an increase equally large since D The letter was made public bY | Am St Ra 14%. 60" 09 Glidden Co. .. .. "y Phil-Jones pf(7) the year, Trimsactions in this group | last Thursday. your financial edifice. Gov. Young of the Federal ReservVe(am Ship& Com. 4 o 4 Glidden pr pf(7) 102 10 02 | PnillipsPet(1%) accounted for a good part of the turn- | There were other feaures of the credit Gold Dust(3)... 103% 103% 101% 1013 | Phoenix Hosiery % over in tne first hour. situation that impressed themselves on The First Mortgage Notes purchasable High-priced specialties responded eas-| panking interests today. Wil ily o buying orders, International Har- | money again at 71 per cent, o ;:;{ vester was up 5 points at 295 and Case | week shows the highest average for such “Threshing Machine about as much 1% | Joans of the year and the most extreme 144 Board | Am Smelting(8) 248% 2521 2 Noting that the recommendation of {ams& R pECT>, 134 1:'“ 8% the ascociation for a preferential rate | Am st) Fays(3). 55% had been laid before the board, the|im Sugar,. =1 Goodrich(4). 83 83, 81 82y | Plerce-Arrow Goodyear Tire.. 634 64 63 63 |PiercoOil...... Gotham($2%).. 86 85% 86% | Plerce Petrolm. Gotham n($2%) 86 8674 86% 86 | Eillsbury(i2.10) through Swartzell, Rheem and Hensey Company are the ideal building blocks for your structure.. They yield 6% and % Treasury Secretary said the legal Pro- | Am Sumatra.... 63t cedure was for directors of the reserve | Am Tel & Ca(5) 54 Gotham pf(7)... 119 119 119 119 342. Drug, Inc., soared to a new high|in seven years. . Gould Coupler A 7% % TH 1% . at 114 against the previous close of | ncidents in the foreign banking fleld have formed a solid base for many a banks to initiate rates. L i | Am Tel & Tel(3) 179% 182 1781 180% “When such rates are initiated.” he | Am TobaccoB(8 164“: o :5:(’ i’o‘a continued. “they are laid before the | am Tob pf(6).. 117% 117% 117% 117% Y review and determination. | Am Type pf(7). 109 109~ 109~ 109 While the board undoubtedly has the | AmwW&El(el). 58 584 574% power to fix rates of discount for reserve | am woolen. I s iR PORE. ‘W see nothing in the present|am Woolen pf.. 42 a2% 42 situation to require such arbitrary 8- | Am Zinc.. i ot 11091, National Biscuit ran up 4 |that have a bearing on th points and in stocks selling lower in dol- | sjtuation were the rgporu w%-i"fi'r"é{fa fars per share record highs were estab- | Bank of England and the Bank of | ! lished by Natonal Dairy Products and | Prance, both showing an increase in National Cash Register. A little 1ater | their holdings of gold to the highest in the day Johns-Manville was taken |Jevel in their history, and a reduction up and next Loose-Wiles came to the | in the rediscount rate of Canadian front. The last named at 76 was up 7| panks from 5 to 4'; per cent in order modest fortune. They can do likewise for you. Swartzell. Rheem & Hensey Co. Graham-Paige.. 41% 414 41 4L | PortoRicoTobA. Granby Min(4). 60k 59% PortoRicoTobB., Grand Union. ... 31% 311 | Postum (3)..... Grand Un pf (3) 531 5215 52i4 | Pressed Stl Car. Grt North pf(5) 98% 984 98w 98y | Pr StiCar pf(7) GtNorpfefs(5) 97 97 97 97 |Produ& Refiars. Grt Nor O(13%). 214 21'% 21% 2 Producers&R pt Greene Cana(4). 119% 122% 119% 119y | Prophylac(idla) i L, Am Z e oD, eretary Mellon said the poard wos | nshaandiiore Ten qar GEEBten UL TR 6e; 10T, DA By DY) 106" agn | POLDIB At & DOV GD. . wiling e b i oo AR ST O * Mo e, not attempting “to sidetrack any Te- Arch-Dan pf(7). 114 114 114 Hack W pf(1%) 28% 2 28 > A 8 $ United States Steel, selling he | Dominions crop. This rate is the same fign lzk_a\s " iy 3% | Buliman Co(4). 8 regular quarterly $1.75 dividend, was|as that of the Federal Reserve Banks m-:sm.mun‘;'(‘;w- shingion.DC. tponsibility it may have for TeseIVe | ArmourDel pf(7 94% 95 94 Hanna 1stpf... 17 ank discount rates.” and added: “We [Atmour, II(AY. 21 21w 20m 2 |Hartman e advise your association that if any re-| Armour, III(B). 10% 10% 10t 10% | Hartmn Bq serve bank should initiate such prefer- | Armour,1li pf(7) 88 $8% 88 88 |Havana ElR ential rates as you suggest the board | Armold Con&Co 39 39% 3815 38% | Helme G W5 724 | Punta Aleg Sug. : 24% | Pure Oil (b0c).. 23 lfh 15"\ Purity Bak(3)., 102 247 down fractionally at the opening. Gen- | of Minneapolis, Kansas City, Dallas and . eral Motors was a shade higher at the | San Prancisco, which have refused to 7 7 | Puri 261% 18 97, 100 . | start, but in the first half of the day | follow the 5 per cent rate in the eight 16 116 116 |FUTitY BapL(6). 1261 126l 126% 1264 | nejther of them was as active as nor- | Eastern and Southern districts in order mally. to make money easy while crops were 59 Years Without Loss to An Investor would be opposed to such procedure.” Asso Dry G(235 47% 484 471 48 | Hershey Corp. 53% 53 53 |RadioCorp..... 198% 206 196 Tl M2k veasons in support of the | Asso DG 1st(s). 99 9915 99t 99y | Hershey pr(4). 5t faw 37 |Reading Ry(6).. 102% 103w 102 PR —— being marketed. board's conclusion, as follow: | AsS0 Ofl(2)..... 49% 493 491 49ia |HOe&CoA.... 21 21 FRNMCSON S 4% 384 | As in other recent sessions, the indus- 714 | trials almost monopolized trading in- 4% 4| terest. There was, however, activity and St f‘;‘:;gg'-& Burlington, & Quincy o rising prices in Baltimore & Ohio, per-| ;¢ $1,890,995 for Juu’rx mmfl fiomtz 213 It ‘would mot care to discrimi- | Atchison(10)... 193% 19314 193w 1951 | Hollander & Son 25% 25% 25% 25% | Real Silk p(1). nate against commerce and industry by | Atchison pf(5). 104' 10415 1044 104% | Houshold(te).. Ti% Td4% 74l 74% Rels (R) & Co. approval of rediscount rate of s low | Atl Coast L(110) 168% 168% 168% 1684 Houston Oll..... 142 142 138% 140% | Remingtn-Rand, e er cent on collateral notes se- | AtlGult & WI.. 51% 53% 511 51y | HoweSound(4), 59% 61 59 60w [ RemRd 1st(h). n o 'ty Government obligations while | At1GuIfpf(3).. 55 55% 544 5au | Hud Man(2y).. 57 574 57 57 |jeo MOL(ILI0) 15 33 | B ancRt S gfifiy‘:fle,‘,’;:;ff’“n;_ $1409,836 last year, and for the first \ Canifal dnd"Sergl e D eoucly certain Reserve Banks | Atl Refining(4). 166w 168% 165% 1681 Hudson Mot(5). 80 82% 80k Al Rep 1 &S(4). 8ui 641 | DO 2HOTR of an increase m the divi- | even ‘months $15,181,167, compared to apital an urplus S ild be permitted to charge 5 per cent | AtlasPowder(4) 80 80 80 80 |HUDD Mot (£2).. 64 66% 6dis 65% e 01 106% 1067 | B4 ‘are not encouraged in well in- $13,182,517 in the like period of 1927, $3,000,000.00 on eligible commercial, agricultural and | Atlas Tack . 14% 14% 1% 14% | Diinots Cen(7).. 141% 142% 141% 142 | ReynidsTobB (5) 142 11t |formed circles. New York Central was —————————————— VAT industrial paper. 5% 5% 5la 5% |lIndepOil(1).... 26 26 25% 25%|Richfeld O11(2). 46 6% 46 46 | well s&pomd and the shares of the Money to Loan *(2) There is nothing in the present | (/% T 08 815 104 8% 10%|Indian Mot(133) 31% 31% 31% 31% | Rossia Ins(5). .. 179% 177 177 | railroads serving the Southwest. Sl situation which would justify a lower | PA(3). 45 45 44 44%|Indian Refining. 33% 33% 33 3% | Royal D(a3.222) S ‘583 5% | Money renewed at 7 per cent and -'“",;“:T|...r:- :y':.,.,: - ,.,,,., missi Where Your Payday rate on one class of Government se-|Balto&O(6)... 111 112% 11t 111% [ [ndian Refgetfa 31% 31% 30% 3l . was reported in good supply. There T tice over another. The previous|Bang& Ar(3%). 75 5% 74 74 |IngersollR(fs). 91 91 91 o1 |StyosLead(td). 43 42 43 43 | was o change in time money, which | Joseph I. Weller s Wask: L. & Trust e "the Reserve Banks that you | BankofMan(16). 760 761 760 760 |lDlandS(k16%). 66% 66% 66y e6y | StL& SsaF(re). 1175 1% 175 117% ' 00 Bem"at 6% per cent for all ma- | o b€~ WA & F N.W. fefer to was a war-time measure only. | Barker Bros(2). 293 29% 29 29y | Inspiration Cop. 23% 24 3% StL&SF2dpd(6) 97 = 97 97 97 ) tyrities. In responsible banking quar- e \CIf your proposal was put into|BarnetLeather. 24% 2413 241 24u |interboroRapTr 42 43ia Iz 43 | StltSotbwests 100w 1000 195 ters no hope is held out for any change Mortnge Money Loaned effect at the present time it would |BarnsdallA.... 26% 26 26y 264 | interconRubber 104 10% 10 10 Savage Arms(2) 4 for the better in the credit fundamen- | rmit a member bank to buy United | Bayuk 1stpf(7) 105% 106 105% 106 Internat Agri... 16 16 16% 15% |Schulte (83%).. tals. | At Low Interest Rates =0 By b pe e ;20 LGt BasMars).. 18 A 5% | Schulte pecs) . . = Bt 8 e e present market on a | Beichnut(13).. 9 79% T9% 9% us Ma(5).. 128 131% 128 = 129% )uee 121 Money dropped to 7 per cent in_the e O an the bonds bear and | Beacon Oil. 164 164 16 16 |ntComent(s).. 63% 63 63 63w |Seasravecsl20) 1dh 4 W I3 | afternoon and the market hardened all Tyler & Rutherford fi epos Belding-He: 14 Int Com Eng(2). 61% 64%a 617% Sears Roe(32%) % 14% 14% 14% £(2) % 64% 6174 61% around. Before that, however, 1t had || o el 0 Lt Tl e T the member bank would be prompted back across the 200 mark again, Na- tional Biscuit added to its early gain, International Telephone ran up more than 5 points, and bidding up of the BelgR pf(15.98). 87 884 87 Int Harv(j6)... 292 295% 292 292 |Seneca Copper.. iR g TS 3 W' : to rediscount to make such purchase | ol T i BT Tl 7w aes|IntMtchDf3.20 109 109 107 108y | Shattuck FG(2). e ;‘,‘."’féid'm’?;’,'.‘,’fm""n'?;ff.‘fr.‘a‘é‘”?;v‘éfif 1520 K Street Main 475 In Be solely for profit. ver four| Bethlohem Steel 62% 63 62 6zi|IntMerMarine. 5 5 4k Shell Un(1.40) .. 26% e e rican Tele. || e close at 4:30 p.m. untl Sept. 4th” 1 f e ’f}’t“‘mte‘:"m o t| Both Steel pr(1) 120" 120 120 120 IntMerMarpr.. 3% 35 3ok 3 Fiorm i n o Phone ‘& Telegraph and Union Pacific, : llions Sta ernment | 500 ingdale. .. 36 36 nt Nickel (3)... 108% 113% 108% 113 . bonds,and wan reicton we belles | ovdmia(s).s 73 13 Hon Inter Nick pr(6)’ 108 ' 108 fos" Jog |Simmapete i e et moved siowly orward: DESIRABLE your clearing will agree Boo eries. 8 per(240).. 04 0% 69 69% . That the invitation for proft would be | Boctn Fianlet.. 5e% 0 52° sy | Int Paper pf(73. 8w 9% G35 oms | Skelly Ol o Sy e o i i ot oreat for many of the banks o f Ion In the specialty group Radio came Office space {IThe collective experience of over 170 178% 170 170 |IntPapcfs(2.40) 68 68 68 68 Snider Packg Co. 4% In Pay 3 8o Por Ric S(£2) 4% T4n|InPAPDICIS(l). 984 98% 984 984 | g5y inporpe(s). 138 138 138 South Calif Ed.. 49% 49% 48% sixty years shapes the management Deposit of this bank, and more than 50,000 customers are served. sist and only result in infiation thad! pogton & Maine. eventually would work widespread dis- | Botany Mills( aster to our entire financial structure| priggs MfgFCo. 4% ) 13 13% 13 13y |IntRyCentAm 44 A% A adk 43% 43% 4l% 43w | Int] Salt(s) b4% b4k bd% For Rent 54 and indirectly to the business interests | British Empire., 67 % or Int Tel & Tel(8) 1815 1875 1615 1040 | South Dairtes A. 3¢ 3di 328 - 2% 120 22 . . o ) The proposed plan would have| Briih Emp2d, s 9 8% 9 |Jewsl Teacs)... 120 120 1285 129 |South Ry(8).... 160% 1ot 130 of Cerro de Pasco, Hupp a0t tnend || Commercial National fiCan your PAYDAY and other de- ariet Saue of tio outkandiop Unitsd | SRiynatan(i).. 6% 0% o €0% | To e iany ). 220 184k 128 134 |BouthRypf(k). 9 ' 99 9 ot motors, and General Electric and e Moderate posits be in SAFER custody? Btates obligations bearing low rates and | Bkiyn.Manpr(é) 90% 901 s 90: Jordan Motor. 9% 9% 9% 9% | SouRyM&Oecfs 4 1344 134% 1334 Westinghouse were both higher. Blllk Blllldlll[ ¢ Smuitaneously depreciate those bearing | BkiynUnGas(5) 1501 1501 13015 1501, | KCP&L 15t(7).. 110% 110% 1104 1101 | Svang Chaifnt.. L 8 The late leader of the rails was St. Rentals Cpen Until 5:30 P.M. Higher rates, developing artificial and | Brunswick B(3) 475 48 46w son|KanCity South. 58 5% 67i 68w | Speardk Co... 124 12% Lo e oo above 106 and ata ||| 14th & G Streets N.W. L) : e unwarranted prices for the various Gov- | Brunswick Ter. 427 42% 2y E.xfl.;}';“' ;0 0% 69% 704 h:l!ur&fix; pL(T). ‘xzh 87 | new high for all time. . August 31 ernment issues. & Bucyr 1).... 3b% 35% 35 eith-, ee. ... 4 24% 224 22% - g = A—— “(6) Under normal peacetime condi- | Bucyrusev(2i) 44% u»: “.: Keith-Al pf(7).. 31% B2 ..p,: B11g | Std Com Tob(3). ef PRI AN .oo;)!r.nc;gs ™ | D. HOOVER. ... S0y (SHUG&E (315). S G&EPI(4). 670 674 tions the Treasury Department should | Burns Bros(B). 31 81 30% 30% | Kely-Spring... 20 20% 20 e Preside and does pay the ordinary market rates | BurnsBrospf(7) 106 106 106 106 | ey Tire6%pf 65 65 65 ) ice President for money the same as any other bor-| Burroughs(t4). 152 152% 152 1523 | Kelly Tire 8%pt 65% 66 65% 63 Std MUling (5) ' 1184 118% 1184 118k o Towers.Moroover, the credit of the | Bush Terde(7). 106% 1064 106% 106i | KOISHaves().. 324 334 3215 33 |3t MLk pICO). 100 100 100 1000 T Dnited States Government is so g00d | Butte Cop & Z.. 8% 8 8t g | KelvinatorCorp 9% 9% 9w 9y | SO CalAI). B0 SN BE S4M| NEW YORK, August 30 UP).—Stocks that there is no occasion whatsoever of | Butte & Sup(2). 10% 10% 10% 10% | KenRecott (6).., 98% 99% 98% 99n | GFNNC (o). SoB S5 SR 4ok | strong; elght coppers reach new tops. to place 4 92y 4 ’ attempting by artificial means to place | Byer & Co. 104 105% 103% 104 Ton e 92 92 |StaSanpro1es) 36 36 364 | Bonds firm; Anaconda Ts at new year's Markets at a Glance Opening for Bond Salesmen United States Government securities in 3 high. Forelgn exchanges mixed; yen - e Dy ana compared with | CHITIRSEEM)-: TR R M T 0 T T T ShovarWar(s) 1008 0 son U 30 points. Cotton ekey: pre-hollday . Local bond house special- commerce, industry and agriculture.’ Calumet&Ar(8). 101% 103% 101% 102% | Kresge S8 pf(3) 112% 112 112% "gx Strom Car(2)... 51% 53 Hnuldlélon« Sugar slgldl{? :_mef n}oz izing in high-grade bonds B. & O. Earnings. Calu& Heela(2) 29 29% 29 29% | Kresge Dept 24% 24% 24% 24% | Studebaker(s).. LEE . . Chclned; SARSTI) shascan opéning: for thor- Large and 4% 24% Ale(3). 78 78 Sun Of The report of July eamings of the | Gan PariBo(10), 214% 216" 214% 215 | Kroper Grotol): 110 1ime e Jugk Supatios Ol Baitimore & Ohio Rallroad shows that | Cannon Mills. 4 % 115 118 g perior Steel. . they are on the upgrade, but still under | Cage Threshg(6) 337% 345% 337% 342% LambertCo (16) 114 115 114 114 |Sweets of Amer. last year. The decresse of SUGhUY|CentAlloy(2)... 41% 41% 41 41 |LeeTire&Rub.. 20% 20 204 201 | Symington. ,000 in gross, the small- | Century RibM.. 11% 1lls 11% 1i%|highVal(3%). 981 101% 98 101% | Symington Cl A. est such loss since June, 102V, Tepre- | Cerrode Pas(5). 77% 85214 77% 811 |LehB&Fink(d). B24 534 B2 B2% | 1)y i0en (g0 sents & decline of only 2 per cent, COM- | Certain-Teed(4) 44% 46 dd 45 |E&MYrSBYE 91k 91k 90% [ iy i pared with nearly 8 per cent in June|CertoCorpn(t4) 78 78 18 178 |Limalecomtve. 433 43% 43 43 'r-u-c:f.:.(xf' Bf this sear, and more than 12 Der|Chandier.Clev.. 11 11 11 11 |LdaCarb(3s0).. 72 72w 72 72 | ot QO cent in March and January. Chandler-Cipf.. 23 244 323 23y |Loswe(td)..... b8% Bai o saw | 0Tl Ll S Tacrease of well over $1000.000 in | Cnes & Onio(10) 185% 186% 186 1614 | LOS™'S PI(8Y). 1014 101% 101~ 1014 | TOX40 PG net operating income was the frst|C&OCorpn(3). 66w 67 661 67 ft... - 04 1% 1414 | 1o PROC SO in i that ftem the road has made L1 Ti% 11 1w |RoNeWOLSD).. 8% T8 6 T84 | GICELT (A0, ce May, 1927. July met was the|Chig Altonpf.. 170 18% 175 1y | LouistanaOlo.. 14 14 13% 135148 i Since last September, though 1t| Cni Great West, 13 13% 13% 1 |LOUisUasA(LIE: 36% 36% 36w 364 | ot NI EIe0) <t oot 8800000, or 16 per cent | Ciu Gt West pr. 203 0% 204 20 Ludlumen).. €25 G2k ol ais T N . below the net of the corresponding | Chi M & StP.. 3T 3T 37% 3% - a - " A g 3 300 months of 1926, July's results reduced | Chi Mil & StP pf 524 52 52 5:1_l:l§télory A(2).. 102102 102 ;;’g:;'l‘}r"&"-r;‘- ;“‘: ;«‘nlx-: 180 PIG IRON PRICE ADVANCED. This year's cumulative loss in operating | Chi & Nwn(4).. 85% 851 8% 8oy | MOCTory BUZ).. 1084 1064 1084 1064 | popac prod A7) 113 113 112 NEW YORK, August 30 (#).—Bethle- net from the $4834,510, as of the end |Chi PneTool(6). 112 112 112 11z |MeintyrePull. 284 23 234 23 | peeontOil,.. 7% 7% T 7% | hem Steel Co. has advanced the price of June, to $3,681,840 for the seven |Chi RI&Pac(6). 122% 124u 122% 124y | woiomPR VR F1 oL ;L,;' ;“':: ;u Trico Prod(2%) 38% 39's 38, 891 |of plg iron at eastern Pennsylvania months. Whereas, in the first siX |CR1& P pf(6).. 101 lozu 101101 | yeuCy (R H)(c5) 147% “,,: 1474 ua/' Twin City R(4). 40% 40% 40% 40% | furnaces 50 cents a ton to $20. oughly experienced bond salesmen. These men must have an established clien- tele. Full co-operation furnished. Only those with stated qualifications will be con- sidered. Inquiries will be treated confidentially. Address Box 319-C, Star Office % ,5%| OHICAGO, August 30 ().—Wheat 17w 174 | €8sy; favorable weather Northwest. Corn lower; bearish Iowa reports. Cattle 13% 181 | irregular. Hogs steady to lower. 18% 18% 15 15% PLAN RAIL PURCHASE. 82 8. NEW YORK, August 30 (#).—Direc- % 784! tors of the Atchison, Topeka & Santa Fe Railroad will meet in New York early next month to decide upon finan- cing the purchase of the Kansas City, Mexico & Orlent. A stock offering is | regarded as a probability. | Accounts National Savings & Trust Co. Oldest Savings Institution in the District of Columbia Tonths the road did mot quite earn |Chickasha (3)... 50 50 50 50 ] X ) ool - : accrued common dividends, the seven | Childs(2.40) 60% B0 60 soy|Masy (REOrta. 3T 38 318 278 Udwamipte).. 6ok 10 Eaw ddn . S LR e e Chwwed carnings of roundly | ChileCo(z)... 4% 47d 45w 47 [MadBaGar(d).. 284 234 284 234 | Gnion Pao(10).. 198 199% 198 198% DIVIDENDS. (T $8.100.000 for common dividends, after | Chri o aon Ao 4 |Magmacopd).. B2 84K 62 by | Jnion Pactit AN LS et S LT 1o for other income and fixed | Chrysler(3) 96% 97 96y 97 |Mallison&Co... 22% 28 22 23 v Rate. riod. _able. ' record. T R T R T allowing _for ManEISup(6).. 34 34% 33% 34 | Utd Bisouit 1.60. 4 44 44 | o Ohain pf....1%% Q Qct. 1 Bep.1d charges ugntm‘;)lgd for uzwm -ng (gl::‘?;g.:t(:;k ;;K g;lv. };’l' s'll Man Elm2g(ds) 47 47 464 “k Utd Clgar St(1). 20% 30% 29% 29% | Armstrons Cork. . 31%c 3 Oct. 1 Bep. 17 e = T - 4 t i i acnas on, it ander 00y | Collekradoms 51 o b6 | amaneihhr 184 184 i i Ul Fruitiion) uon WO, TN T, | oy e e G 1 S8 on Javines 000 preferred stock. Col& Afkpf(7), 98 93 93 93 |yaryediod s U8 Distributing 16% 16% 16% 3 62%c Q Oct. 1 Sep. 2 -G - ee 5 1o AR ;i > : ; = Tt Juiy groes this yeastood at 810, | Col Carbon(4) . 884 91k 04 3L | ariet Spprior. 0 404 o (5| UB Alconolgs).. 120% 124 120 dif i i of 05 § G 1 S‘HE 74, & decrease of 2 per cent o1 G hEl(n‘ 118% 119% 11744 118 Marland Oil.... 87% 37% 37 37 |U8SLeather.... 46% 45% 46 Gurd (Chas) Ltd (In) 78¢ Q Oct. 1 Sep. 15 last year, while the net operating L frry 318 324 - 31 18% | Mar-Rock 12%.. 65 66 64 g4 | USLeatherA 64% 644 64% Helme (G W) Co....31.35 Q Oct. 1 Sep. 10 ome was $4,848,715, a decrease ‘of e “';; g;: Martin-Parry... 21% 21% 21 21 |USLeaprpf(7) 106k 106% 1064 W20 Bl HUIS @ ot L Sep IO n - | Com Powr(13).. BOY% B6% . e % 4 1 e 1% @ Qob. 1 Sep. 18 Insurance Co. Stocks. | Congoleum-Nair 2% 25 | Mayus(13). . flgg,‘,‘,':,‘l"lap,:', ,7,“,“ ,,f" i Nt Bank o SRUVER- R e & d | CongCers(14%) T2 T2y | MayiE ot (3) 4 4 it Segal Lock & Hdwe..26c Q Sep.15 Aug. 31 25 leading fire and | C Sk % | Mengel Co. ... .. USSmpf3). bik b Schuite Revl 8tra o 35 Q Bew 20 Seb. 19 an companies are selling | Conley Tinfoll. . L U NretroG pei1.89) U 5 Steel(1). ... mbers Carb...." 8c @ Oot. ' Sep. 12 Weel I of 8530 a share n{w'm'"%"lf'l'; 92 92 | yjexjcan Seab. .. U 8 Steel pf(7).. 140% 140% 140 e e O v is ait 008 @ Sep. 18 8o '8 age ‘”“,‘i" price :»;‘ "Hzlrl:‘f!l";l, :2 :; Miami Cop(1) U 8 Tobucco(¥)., 934 04 94 Do, nmyus‘ tr r,u flcfl 3 Seb. % k-p ’? A 5 LA o . | U Einatas o o ton 1o | B B § & AN H it Ry - o o} A % Y . by % D ». Q - , sor 4 i stock market ConsolOaspf(5) U UM\ Niid iatemotfa. A % i iy |UUIPRLAGD). bl d0n bk oS ridhd : ness. That was over one hundred and fourteen ner w & Co > “ 6. 78 |Midland pf(112) 206 289% 236 286 | vanadm(t4).. 77 97 b4 96N -ears dassi ade: " 8 season of 1928 a‘m;:‘u;.m(m;w: e A% Atk Mo K&Tex pr(T) 104% 104% 104 1044 | Victor pr pE(T).. 108 1084 1084 1084 | tondon, YN S does prestige. | %o down in industr o wsouri Pacifio 0% 18% 18% 135 | Montre: Cont Bak pf(8). 82 82 0 bring the customary seasonal Missouri Pao pf. 122 123 119 4 491 | B 3 o aatas business activities” says the 3::?;‘::(’.', ‘;;,,' ”“;2" Mohawk C 62%¢. 40% 40% 40 ,2% 16%% RN Oldest b'l-uoml q Your Pay Day deposits deserve the protec= ‘ “Not only has the let-down | S8t lnsur(®). .. B2 24| MontgmryW (15’ 217% 219% 216% 218 b1 1) 0baan Bank in the tion of such a bank as this. been almost imperceptible, but ' the | Gory pro(t3i).. iy - anif [ ASEMONE, oo D T8 Db N1 VEReRDIBR) MK 2% i District of Columbia 2 2t e |E after-recovery has starter weeks earlier other Lo(30c). 2% 2% 2% 2% 78 ONE DOLLAR or more will open_a savings account 7%y ‘ | than is wsual and it is displaying s . A o Motor Meter A.. 13% 16% 16% 164 great deal more than the normal vigor, % A% 128 Wal 2 r Motor Whi(2, 6% 45% Y worth(1.20). 164 Heard in Financial District. CubaCaneapt 18 15, Hotor WRL).er 48K o Sor s ) WArdCLA()... 08 Fubert V. Fleming, president, of Riges | Cuban Am 8(L). 7k 174 e ekl - AT o National Bank, and prestdent of the | Cudahy Pkg(4). 72 73 Deves o it of Columbia Bankers' Associ- | Curtiss Aero(1). 117% 118% Nash Motrs(16) B9Y% 804 BRW Wabash. Waldorf(1%). 128 126'% 126% A% Open Until 5:30 P.M. Tomorrow for Pay-Day Depasitors National Wilson Copf A, 27 2w 27 2T 40% 40 has gone to Ocean City, N. J.,|Cutir-Ham(33%) 61 62 Nat Acme (sta). 1o% 16% 16% few days’ vacation Cuyamel Fruit.. 50% 560% Nat Belius Hess. 90 90 90 ot 169% 16914 Wilson &Co pf. 60 69 69 6 J. Btellwagen, president of | Shod Oain 56% 58% Natl Bisc(164), 176% 184 1764 182% 0 F&Pipe. 17% 170 17% Woolworth(8).. 200 ~200% 1904 194 Trust Co., has returned from | o, ‘;‘;‘m_‘ ) “, - v" Nat Bise pf(7).. 14 1410 1410 1410 | Web & Hetl, ... 0% 71 [N Worthn Pump.. 394 39k 30 49w Springs, Me., where he has been | DSbSORRNISL) 08 o5 NatCash R A(3) #5 #7n B5 ¥6 | W Penn k51 A(7) 105 106 105 Wright Aero(2) 170 1721 168% 170 | P Do Hud?’n o 197 197° Nt Dairy($)... 95k 96% 4 6% | W Penn K1 pfe6) 100 100 99% Wrigley(16%).. ib% 76 765 6 | i n D, Hoover, president of the | pot i PO " 14t (a4 Nat Dept Btor 26 26V by 26% | W Penn I pf(7) 111 111 111 Yellow Truck.., #i% 87% 83% 874 = ro o l 1al Savings & Trust Co, plans to | el tels Wilie " Teae “agy Nut Distillers, .. A% A% 42 43n| West P Po pf(7) 115% 1164 115% Youngstn 8h(6) 92 Pl Bl = { ve next week for a fishing trip ""u-vmmt('ufl' Bl b2 Nat Distillers pf 66% 66% 66% 66 | West DaliyA(4) 63 68 64 Hourly Sales on N. Y. M =] Keénnebago, Me. Dhamond 86118y, 162 162 Nat Lead(5). ... 124% 1 124% 125 Marylund, 44% 44% 43u F 17T arket. X iph Endicott, auditor of the Wash- | DUt L0003 100 100% Nat Powk Lt Fr TN LM 2d pf.. AdA ddTh 4t R AR v Bl g P4 Organized 14 sneton Loan & Trust Co. has returned | potk® ey ¥ “HAL TR Nat Ry Mex 1st.. b gk L Pacifio pf. 60 60 60 i % pn, 2,566,300 in 1814 A from a vacstion at AMantic City. 0 110% 114% 110% 113 | NatRy Mex 2d., 2% 2% 2% | West Union(8). 147% 148% 147% Dividend ratee ag siven tn the ! Years Old v | Nat Bupply(16). 9% 98 OB | Westhse A B(2) 464 46 dbw L OT% 674 BTa BTk | Nat Burety(10). 3044 B1dt 804k 312 - s t TREASURY CERTIFICATES. 085 B8C. B85 3RS D21 272% 270 270 thee 18t(4). 106 106 106 Do Fesceonis), 1 118 115 118 26% 26% 26% 26 on Bleoirls s 92 a3 (Reported by J. & W. Beligmen & Co.) vt 74 Bl Méi Eastmanci)... 1864 180% 184 186 | NY Contral(8)C1 170% 170G 1700 1700 | White Eagle(3), ik 2t 20 ghae(4). 104% 106k 108% Capital, Surplus and Undivided Profits, Over $2,000,000.00 15th St. Opposite United States Treasury I ® - 97 B4% B1% 64%|N Y C&BL(6). 126 126 126 126 | White Motors(1] 41% 41% 404 En 4 20% 20 20 |NYCBLDPL(6) 1064 1064 106% 106 | White Sew Mach 364 6% 364 It 03% 91 92 NYNH&H(1) B59% 60 69% 60 ' WhiteSMpf(4). b8 b3 &3 l:‘fxml l{: 118% I;lu 118% 1184 Willys-Ov(1,20), 21% 22% 21% 104 9% 104 s i;:f‘g“.i hL 2T 27 Wison&Corspa 134 ¥ 19k 13w fl?‘u&&% fii: ElecPow&kLt(1), 364 36% 364 36% 5, 1929 1937 B T