Evening Star Newspaper, September 2, 1928, Page 11

! FINANCIA ' e THE SUNDAY STAR, WASHINGTON, n. €., SEPTEMBER b 1928—PART 1 FINANCIAL COMMERCIAL FAILURES. ) %, 40 | g o | : ¢ | “CURBSTOCKSHOLD | BOND SUMMARY FOR THE WEEK |CRANE. PARRIS & CO. TO MOVE STOCK PRICE GAINS |STOCKS WITHSTAND ="sseerees, | digh Low Hien Low U. 8. BONDS. High Low Last. Yield | GCommerefal failures in the Unitad 10214 100 28 101 26 99 10 Liberty 34 193%-47.,... 99 10 99 14 99 14 ‘N w S g o ~arly - 10380 102 28 103 15 100 G/berty 18t 4148 193347, 101 5 100 30 100 30 INTO O N HOME EDNE DAY ! States in Augusi numbered nearly 1 10121 100 19 100 8 99 31 Liberty fd 4\ 1938..... 100 99 31 99 31 P A R B SR e | i 800, R. G. Dun & Co. reports, an in- 104 108 13 104 1009 1 hnr;: dtheyga 198338 10) : 101 3 “;:L b | | erease of about 7 per cent over Ju“: { 99 14 98 18 838 1940-4 . 98 4 2 | and of about 8 per cent over August o ! 1008 10510 889 1 99 3L 9081 9931 Olde5t Investment Ban](lng House Of Wash— | | Tnst year. s diie o hvees {10 g - i ® i o | more “marked increase. rising to mor ——— | AW T s e week's o g - P e R than $55,000,000, and establishing 2 M o foh e 1o U ow 1ngtom Has Splcndld Record of Busi Bullish Days of Spring Re-|Market Holds Up Well in|pev maximum for the year. The iotal arket Maintains Upturn {37 | 995 100 995 991 | 3 Hi ¢ Fi Y pring | p | for” July was Tess than §30,600,000 and 3 ¥ 2 | w98 4 w6 V7% GB4 U7 i " for August last year n - Despite Profit-Taking. 106" win 1w 102 - Ausiris is Lo om0 10 ness Service 1story of Iirm. called as Various Issues Heavy Volume of Pre- | 00000o." March,of this year was aimos 99 Bank of Chi! 9% 98w 97 07k o i 3 ,300,000. : 100 92 s ONG ded . 100% 100t 100% 100% in i i high August figure has resulted pti- Chain Stores Strong. et e o e Nter e el BY 1. A. FLEMING. northern Maine, into Canada and re- Join in Advance. Holiday Sales. marlly from several large_ insolvencies 110% 107% 111% 108 Beiglom 110% 111 1104 H0% | turn by way of Niagara Falls. E o in the classification of “other com- | o y sk — — 1004 93% 1014 Aordeaus §s 19 * 100% 100% 100 1o | Crane, Parris & Co. the oldest in-| “gioyq E, Davis, president of the Lin- PR mercial,” which includes brokerag B S Assselathd Bross | o6 89 eey Brazil 638 1926-67. L bl 96wy 96 | vestment banking house in Washington | ol National Bank, is expected to re- BY CHARLES F. SPEARE. | By the Assoclated Press. insurance and similar enterprises. = {1081 108 114% 107 trazil 88 1981, 100 109 1081, 109 | contemplates with much pleasure the |y, Tyesday from a few days at Vir- NEW YORK, September 1.—The stock — = NEW YORK. September 1.—The! gai jos 1081y 108t Canada b8 1963 104% 105 104% 105 | occupation of its own and permanent |ginig Beach. Special Dispatch to The Star. market today displayed the greatest Electrical Business Report. Curb Market expericnced & strong up- | 102% 100% 102 100% Canada 5les 1989... 100% 100% 100% 100's | home in the heart of the flpfncm dis- [ #0500 O Larner, president of the| NEW YORK, September 1.—On the |activity of any half-day sesston since eport. turn in today's short session, In which 3w 284 Chinese daviity # N Lt etthe clty S Welrag Y 61IFHR | Wikt Kol ‘;1“"",.3""“‘32,'?; assumption that present high interest lastBPHING. o0 of that| N e week end liquidation was ensily ab- 118408 \iscane 100% 1104 1004 A conbiibis. shra, 6F A gy, 1| UER TNREROE S B Gy rates are fictitious and that money 1s | DEmORSUtaRons TS Oecores | Cal equipment field s encouraging, with rorbed, and in which all groups partici- 1065 103% Uenmark 88 1942 104 106 104% [ business through all the panics and | garry G. Mesm, vice president of the | abundant, a speculation in stocks ap- | of issues to new high levels, among them | the sales trend slightly upward In the pated. 105% 103 Dutoh East ind 1034 10870 troubles that have attended the financial | washington Loan & Trust Co., will Te- | proaching the- dimensions and equaling | Alrplane, Independent Motor, industrial | Eastern and Middle Western areas, Fox Theater "A" was again heavily 105, 103 Dutch Kast indies 88 19! : 1034 world during that time indicates that |y early this week from his vacation | the force of that d ‘the Spring | specialties and a few ofl and railroad | Electrical World ~ reports, industrial sccumulated in expectation of A | 107 99 1091 1054 K'rench Governm 7 106% the firm has been steered by able pilots | 4¢ Atlantic City. | has been promoted dur] the past |Stocks. Gains ranged as high $11 per | plants are steady buyers and the call marked increase in carnings. Colum- | 116%W 105 119% 11i t'rench Govi T4s 1941 Alin .1““““’"‘5 ;‘]’Wh‘:fion that stands high | "z D, Esch, assistant cashier of the | month. Between the e and the | share, while the S pnce“od( Iz'»o for motors is strong. bia Graphophone was also bought | 103 1043 erman T8 1949, ... : 10 n financial ratings. In 1883 Augustus | second National Bank, will return | end of August the average of a selected leading industeial stocks complied eagerly, coing up 3 points at one time | '6 Irish Free State bs '60 . edod Crane and Alblon K. Parris formed a |Tuesday from his vacation during |group of shares rose 15 points. In- |the Associated Press moved o 2 new B e to & new high at 82. Other high res | . 100 :'|! ' parlnershtl‘p undler the title which hgll which ke took a motor trip. | dustrials alone were up an average of high level for all ‘nn'n'z n:’ $21 e sk 7 ords for the year oOr longer were estab- | S duak [avanese e 1954 0 1in Dot GmHRIIRIY Tn TRk n k)] 35 D amcAn CRELE {35 points, The market as o whole is | Trading was so fast and sales un such Money Available for lished by Cameo, at 11: Cohn Hall & | Mexico 48 asst v:m..u 9 " . prom| S;‘ o 1)!0 nxx on indefinitely. They | Riggs National Bank, s back from a|now higher than it was in June. volume that th{e e el “lll s Marx, at 38%: Crock Wheel, at 95, and Milan 6igs formerly did quite an important private {inotoring trip through Cahada. | 1t is diffcult to convince a public that market most of the morning FIRST DEED Grasselli Chemical, at 64, and Per- | ! ‘ Netherianda 6s | ; | banking business, but gave up that fea- has had access o unlimited supplies of |30 minutes late in recording the fin} ey e = e A B O A o st SRl ool plapresfo s log tna | Qolain. Total sl wert 23| TRUST LOANS poidia, Tire & Bubber went Up S| Sl Sl wi £0 Paruhlof8..e..oceoeen bou 10 Yot | T, irm has always been prominent | | wholesale Markets | | these supplies have been steadtly dimin- | "0 ure of the session was trading ports that the Mohawk Rubber inter- | 104% 98 104% 'f"', l')gru s, 1014 1014 “":»:‘ | equally to the fore in participation of | however, is a fact. No coum.ry can | in huge blocks, 22,000 shares of Stude- On Completed Properties and ests are to becol ociated with its | 101 $3W 101% u8'% Poland 99% 100 09% | large bond issue marketings by many lose $500,000,000 gold, issu baker changing hands as an opening for Construction Us: . o0 become associfted WItH IS | j081: 104 105k 104 Queensiand 68 1947, 10814 | o Bt argest bond houses of Boston | Yesterday's daily market report on | losc $500.000000 goid, S OOt Ml transaction. Sale of @ blook of more management. Alpha Portiand Cement [ * 111 1154 1124 Queensiand 7a 19810 \15ia| Of the largest bond houses of Boston | e and vegetables compiled by the | Curities at the rate of $1,000.000.000 & | ¢nan 24,000 shares of Nash sent that Reasonable Interest and :’:fi’,fi"fl,‘", ;,',‘&KM“‘,‘:L";&,,-?"” MAdE | 1084 1024 iti0 de Janelrs 8s 1948 105 | Saecesstully flonted a number of local | Market News Service Bureau of Agri-| u"‘;"‘,‘:,‘,",”‘fs’“doag‘.m"}?,'{“}g: of ts bank | jssue up $6 a share. Commission Rates o o e H EETN Vite S Y 'S, 8 : . . e Weak spots among the industrials in- | v B L“kg;flflflgg}:fi: Sald: rate. demand | loans on speculative commitments Thmfi‘:‘“&fc‘hfl,‘: LR Pt AMES F SHE A cluded American Cyanamid “B’. Col- 9 : ion K. Parris, for many years one | | ApplesSupphies modertls S | 51000,000,000 without feeling the ef- | FEFC0E nodlo "lectric Auto-Lite, St 5 te Palmolive Peet, Norvadel Process. | g, 100 964 B e Shoes Exohanes Nosion | borted to' quote. | fects. e A outhwestern, Erie and St. Paul 643 Louisiana Ave. N.W. S. Gypsum, and United Milk, down | \o5™ (i joan 1028 jotned the locsl Stock Exchange Novem- | PG rtaioupes—8upplies moderate; de-| A phase of the present menlal at|preferred 7 s bionkind 1 to 3 points. Galesburgh Coulter DISC | jygy jozn, 10b% Lol ber, J81. Db was oreanised October | mand, moderate, market firm; nearby | titude of the American people enghfed | 4 wave of pre-holidsy profit-taking e encountered profit taking l'wsn v 100% 95 Toho klec Pwr 75 1958 of the same vear, 5o that he was | 5ci8 Open tomato crates and bushel | in the business of buying and selling | iqept through the market in the final Chain _ stores were Rgain SUWODE | jjgrl 136 119 116% United KIngaom o s 1939 practically one of the earliest of the | Lickets °} 25a1.50. Miscellaneous melons; | securities is thelr unwillingness to recog | hour, but offerings generally were well Pigzly Wigely advancing more than 2 | junl gz, 106% 107 Utd Kingdom 6%8 1937, 20 members to which the exchange Was | ;ppliey mioderate; demand light, markei | nize unfavorable developments and %o | ghsorbed Loans to points to & new high in heavy buylng | ‘g7, g2 100 4 Vokomama saél. . ited al AL o, iber, wolive ng| 0l Callfornis; stancard cratss) honey: | exaggerate te ipori&tios ot thake that | ¥ v o vhile Peoples Drug. Sanitary G =1 INDUSTRIAL AND MISCELLANEOUS i z dew. 2.25a2.50; Persian melons, some | are cncouraging. | " C and Schiff Co. extended their aiNs. |jo5 o7 106% 104 Axri Cheniical e 1941 StroRy I his yenrs, though e BeRoc | o on, rates, 2.00 il Salarie Radio shares rematned active. the ac- | 1oai, j00n 1024 e AR Ber a SO 1M, e e Dy B and Jamb, crates, 3.00 Foreign Balances Withdrawn. 4BO"DS IRREGULAR IR - d People cumulation of Canadian Marconi con- {1ggi, 1071 109% Amer Smeit 1St 68 1947 . of vears ago, He retains his affection | a350: some poor condition. all ‘sizes | Since May 2 the member banks in | “Character Plus Earning 4 dinuing i prices meas the sears hiSh | 106" 100t 108 Amer Sugar HeBuing 68 1937 L M b v ) ine Federal Reserve system nave lost in [N ACTIVE TRADING! Our Busis of Credit” nes were ol rativ 100 98% 100 YSly Amer el & el ol tr 4s 1939 : Y8a b F % Lettuce—Supplies of Eastern stock | demand and time deposits $1,133,000,- | steadr. 100 10 109 103% American el & Teist . 1084 L0dly (08% spects to the Stock Exchange. where he | 1, iag. dem.‘.’& light, market steady: | 000. The two mcmn'::!brm‘:tnl,awut‘ ——— }H{"'}‘}'i'" firfl Utllities showed _ @roup strengll. | 105 10% 1061 104 ~ Anaconda Copper 5 13 105 104 105 | 15 alvays greeled with cheers, He has|New York, 2-dosen crates, big Boston | this shrinkage are the withdrawals of - | :.f’,’fiflm"':n'.“)?héufzr?fifi?gg & Shere S macs a Coppar ov deb s 1. 174 s the gift of the | tyoe ")76a2.00; some poor condition | foreign = balances, mainly - those = of Rails Show Firmness in Face of ||| WASHINGTON WIMSETT s, e 2 l2sl 108% 140 ndes Copper 943. . 1318 " low as 1.00; Western stock. Supplies | France, and the shi . K Electric Investors and others made | ‘g3i, vin Armour & Co ik Eugene E. Thompson Senicr Member, |moderate; demand light, market about | individuals and cofi',:.‘?f.{'.fm‘:’p",,fi'“.fi Recessions Caused by Late | Caladdlis ins of around a point. United Gas| ys sG13 94 Armour of Del 345 4 vz udw ‘| steady; Colorado and California, crates, | loaning market. It is known that . 1 903 N. Y. Ave, 2nd Floor. provement, however, encountered | 108l 1u0's 105% Atluntic Ketining deb os 1981 ..., 100 103% At the time of the retirement of Mr. | iceberg type, 4-5 dozen, mostly 4.50; few | France has taken out between $600,- Selling. DeeSmre adind markedly. Gult shot | 107" 1090 10b% 104 TRt Ao a8 fl.fée"‘ae:‘,"sy%??:ne“é" e s O o kU | o Lsd ana in | T = = steadie y x S805 | 21y 9in 1 ell Tel « Pa 5 % 10 4,. % | s e A mpson an nions—su light; demand light, 2 Ty up 3 points, and Humble more then a | 1023% u8i 3 Uethlehem Steel p m s 1938..... 100 100 907 U9% | George Hewitt Meyers acquiring control | market s:cldp)?: M‘l‘;nchuum. 1‘00- %}l\le‘rrme.dll‘témslfirc“r‘e‘:lt. bz:;g:xk::: B e, 5e ber 1.—Pri point. Vacuum, however, eased. 1053 101n » Sothignem Steel e 1 68 L34 o : and continuing In business under the | pound. sacks, yellows, U. . No.'1, 313 $1.100000.000. Between May 2 and Au- e cier A oppodling N a g name. 3.25. gust 27 the total brokers' loans of “all tock market and {102 9sw 4« Cuba Cane Sug ov deb $8 | 78 Mr. Thompson, & Washington boy, B liberal; demand - fluences of a buoyant stock marke ey : Baltimore Markets 109% 1078 108% 106« Detroit tdison ref 6s 1940 1674% developed -psv‘.)hnmuzh knowledge o m::;T::. m.‘i‘é?l"-'mk; ‘Maryland and %',h;;: 00'6’8;'0"?; ‘55,‘,;&9,“36%030‘;" ;‘;‘17.‘1': P“'i“""%;“?lf.‘r‘;é;:‘:"&_:"m‘f";“m'}g forLu HERAS yoasAod AT 1 S 2 e 6% N 366,000, ,907,000,000, marke i 108 1039 1084 D5 Masorn Cubas Bui 7 961, ; e A e i e ety ficse) SELA RO nky drcrsaser | tives kel s wxseediog SENCHE | LOANS IONIREAL e 104 484 104 1014 General Motors 6s 1 . 102 102% WI% 10:% | his advice was sought and acted upon |around 1.75; medium size, 1.2581.50; ,%Towb&' ,000 to $792,000,000, or | Rails generally provided -upporurn, Spzcial Dispateh to The Star ber 11084 1045 108% 1004 wovdrion (S ) d s 194 107% 107w 107% 1074 | by a large contingent of the firm's|some poor condition, decayed, 25a75: | " Tho ordin firmness for the market in the face of ESTATE BALTIMORE. Md. September 1./ 53 1013 103% 100% Humbie Oll & Her oe 1983, w101 100% 101% | customers. | small size, mostly 1.00; U. 8. fancy No. e ordinary lenders of funds have, | late recessions in the industrial group, Etsediitn: Adthie —Formers shipping live DOUILTY. C88S. | (55 jogte i06% 102% indiann Steel o8 V62 w0 s 1 e 01 i with L1 niew, paracinel | 1 TATye Siam; soaély 2 10y (AW ighets - | ocelcrt, DA suiius quAHUy: con] eiessirenally belog Saseq o B3 Son mmy frults or perishable produce to the local 100% 9si International Match b8 98 HAlA D of e oid custcners sodl B 8 ber=- fl;“ !l' it d' mod- | Pared with other perfods, with the con- | creased demand for ralroad stock and Courteous Treatment I O Phould not ship snything to | [ 10% 1024 tater Mar Muriie S8 1941 103 %101 | rapidly added new ones, movf“ atat m;“’;mr‘;flg :bul'l. “m;m"' Otegon | 0l of the situation passing into the | encouraging earnings reports. However, Our record of 35 years speaks e Monday, as all outlets will | jyo. P e Y8 W74 . 3 beaghal = v v 80N | hands of those upon whom no restric- | a few industrials, particularly converti- 4 . arrive here Mondaj # | 102 102 i Paper 58 A 1947 ~ from the Wyatt Building to the main|and California, boxes, Bartletts, fancy, | - fe pal for itself. be closed, the day being a legal hotlday | 95's 9215 international Tel and 1y 931 floor of the Stock Exchange Bullding in | medium to large size, 3.00a3.35; few | pou of regulative policies could be im- | bles, showed fairly wide gains, although and all perihable stock would lkely |y ; 122t 105« Kayser Jullus 53 1947.... L4 s Fifteenth street northwest 350, Al sed, Even mutual savings banks have [ most issues slumped in the wave of ercy H Rmfl Co be a total los: 10 109 106 neily-Spriaghela 88 1931 17 107% 107 | Mr. Thompson has developed promi-| P Gaabat de- | Deen found lending their deposits out on | realizing just before the close. | . - The live poultry market rules easier gz 105% 100 Lackawanna Steel 58 1960 1011 101's 101's | nently in Anancic: and eivic affai { _ Potatoes—Supplies moderate; call, which may explain how some of | Barnsdall 6s were among the strong | 1731 K St. N.W ; o o ) ! 3 airs and ' mand light, market dull. East shore |y ’ e t. NW. { prices on some lines show a de- | 106 102 Laclede 5% s 104% 103 ic4% | has made a wonderful success of his d. cloth-top stave barrels, Cob- hem can afford to pay as high as 4'; | features of the industrial group, advanc While 2 fair demand prevails | 06w 102 A Liggetl & Myers 68 1951 . 102 i01% 10k | business interests. He has held all "{"_‘Y‘*‘L;‘ g e 210 per cent interest: also why they are not | ing more than 2 points to & new year's o rge. fat, Spring chickens 2> pounds | 109+ 1 « Manati Sugar s € i %e 1yed 104 1085 103% | offices of the Stock Exch: | blers, b i S buying bonds when they are cheaper | high at 108% coincident with heavy| InEge, E 4 9 5 0 7 ock Exchange. | Sweet Potatoes—Suplies moderate; | | and over, medium sized springers and | 10 1025 t8% AMidvale Steel 53 1936 99% 99%| When it was decided to undertake | gemand slow, market dull. East shore than in several years buying of the stock in e&vfifi‘;‘{ffll“l even 0 e i fowl should not be |11y 106 1% 100 N Y Gus K L 6 & P o8 1948 106w 106 | In Anancing the recent war, Mr. Thomp: | 1, 350 Nortn Carolina, cloth-iop bar-| & condition that is fictitious cannot | warrants. Pathe Exchange 7s with war- | Eipped. as they only hurt the sale of | 102 Sis 9% N X Tel s s 1939 9w 100 | Tiberty Loan. poutniasion that piayed | VIS, Yellown, No. 1, 300350, . go.[80 on indefinilely 1f the rates fot| rants, Shell Bipe Lins Be and REORE | ;’be,"k ades when mixed in Ship- {110 107% 109 106 N ¥ Tel 68 194} 1064 107% | such an important part in the success | . S N8 beans—8upplies m Cd" East | IONey were artificial, somne evidence of | town Sheet Pipe Line 5s made smaller | ey 'rm‘r od colored Spring chickens, | 103 100 104 100 Northern States Power 100% 100% | of the five loans success | mand moderate, market stea hY 15| this would have appeared during the | gains. Coppers sagged under profit-tak- g e Ning 34x354 | 104 995 104% 1004 Pacific Gas & Kiec b8 1/ 100 101% | shore ~ Maryland, bushel =h8mPCIS, | past month when the requirements for | ing, with Anaconda and Andes Copper 2t2 pounds and over, ae SO s 39833, | 106% 101k 105 102 Pacific Tel & lel 8 1963. 08 102 Sells 27,500 Shares of Stock. | Green, _stringless, 2.00a235; DeArdY |new fnancing and for business nor-| 78 closing fractionally lower. Utilities : pound, and 2 to 2%, pounds 8¢ FLL | 106, 102~ 105 102ie Pan-American 6834 . 1024 102% | gy o & Maryland, bushel baskets, green string- | mally shrink to the low ebb of the year. | also sagged, Public Service of New Jer- ALD'I‘READS but smaller fowl are slow sale & ' 97 Philadelphia Company 58 1967. . 981 Vi y far Mr. Thompson's greatest|jess,” 2.25a2.50. On the contrary the stri - | sey 4l4s closing & half-point down. ¥ Mberal receipt and | 95% 98 101 v ey B4 Y% | pusiness success was in the acquis demand = g g g g St g o Leghorn springers in liberal recelpb 8O ) _—_° . 1% 116 ~Public Service 458 1948. . 10 1O e e N AT,y Seutsinon Cabbage—Supplies Uberal; demand | creased, with an average of call loans| Illinols Central 4s. New York, Qn- LEHMAN'S TIRE SHOP w. not zo desirable at 25a32, Wn'e REATH: | To% 974 Sinclair Of} 6s 1930. . 5% "as | for the North American Co. of u block | ygir, market about steady. VITGInit. 3, of i per cent higher than in July,f tario & Western ds. Texas & Pacific (| 12th & K N.W. aio 46t fat old hens are in fair d"‘"‘:‘m fowl 1044 100 clair OV s 1987 . 1014 161% | comanon. of the w:shln;tunn':u Stock, | il retreat section, barrel crafes: | time money more difficult to borrow at | 55 B, and ‘National Railways of Mexico <. Mals 1430 rivals consist mostly of poor, ot 9% 6% Sinclair Crude Ol on" | gommon, of the Washington Rallvey & | fuhd type, 20003367 New Vork 8- 6% per cent than at 614 the month| 4s were prominent in h e OF She | “semomm — - and the aupply of this sort & N wer | 186% 1ot 06w, 10w Sautbars el Tl 108, | G oF ‘ont. banbirs. Toviny béey, | 100-pound ks, domestio rount WP, |preria, and fve and six montiw se- | CAUS. saat SIS PUC B aore g | Money to Loan ent mov K Y% 101 104 024 Srandare i 1027 P, ances ‘¢ , ne: n , Py I e quoted. | Medium to large old [ 104" 100% w5 United Drug bs 1953 ng | kA o 2Hem i Me foryclosure, oF 200 pes—Supplies light; demand mod- Fate In New York' 1?0::.;"& d;:é,"&:f: R Natuie ' hort | Secured by first deed of trust on real estatc Pene. 4 ounds and over, are DrNGINE [ o s8 6k K5 U S Kubber Lst & cef #s | Dotenclemied by the fittated Washinglon | , ote, markst steady. Oattfocnis 1ugS. | to “rig” the call loan market but not| Line 4s and Prisco 4s were under pres- Prevailing interest and eommission. 26228, and 3': to & pounds 23835, BUL | 46 103 105% 1004 U 3 Kubber 1%s 1930 1010 | Qo ed sl the Pl valke of s | malagas, 1508178 Delaware, 12-QUATt | that for four to six months funds. sure. although losses were small. Joseph I. Weller s woh % 4 Ui En28. 2Pl not bring over 20. whtie | 100 J0G. 1031 106 U 8 Steel s t bu 1968 107" | absorbed ail the public utities of this | LA paskets, coneords, 8: NEATDY | The head of ane of the largest Siock | The forelgn list, except for Republic| —— —— T Bide.. paor. Tight fowl is nmeglected at 17818 | 1gpi 47y 103% 984 Utan Power & Light Ss 194 100 | Siy, Cxcept the Chesapeake & Polomac | {,ryiand and Virgin, 6-besket Crales.| Exchnage houses was around begging | of Chile issues, which closed unchanged. | o3 S —— ; Old roosters in moderate recelpt and | gq 37 5 Warner Suxar 15 1939 5 884 | American Tolephone & .m;‘.n D Co | concords, 1.50a175. 4 light,| {07 & 1oAn of $1.000.000 at 61 per cent | was rather inactive | ma a shade firmer at 16a18. De-| 34 1114 « Western Union 110% 110% 110% LI0W | Phic attempt at ph, Co. | COp e Supplies light; demand MN8NL (o, any maturity this week and had| U. S. Government bonds were irregu- | FIRST & SECOND T continues fair for Spring ducks | 125, 574 108% 100 Wilson & Co st éa 13 102 1024 101k 1013 | CU8 CHEMPL &5 & merger proved & seri- | orkot steady. ~Colorado, ¢ pound fgreat diMculty in getting It. Munici- | 1ar. Liberty Firsts 4!y and Treasury |fj ¥ boande and over at 22a23. but smaller | jg1% 101 101 9% Youngstown Steel bs 100 100 194 100 | puflose. belng, stopped short by the |ty e, telephones, 430; some Poor CON“ | palities that sold notes on a 4ty per [4's closing lower in tha face of gains in | [} TRUST MONEY fowl moves siow at 17218, while old| ; KAILROA | : | dition. wide range prices, 2h5‘l d”fi-mmd cent basis a year ago are asking for re- | Other issucs. I @urks are negiected at 15a18. Guinea |1ogi 024 904 Yl%s Atohison I'&S Feg TP North American Co. | ™ Cucumbers—Supplies 11g] ik bushel | REWals at 6 per cent, as they cannot re- o | Complete Fin i fow! in more ral rmidpl nng g?!); 00 :;:a. ::,, ;.:‘r. ::«::-;a&.«::::;::: -t ;i: 94 The North American Co., a noldmx‘“flh‘v mnfiket‘nflgy ozlew York, bus Onance conveniently < Obtains $10 000,000 Contract i mplete Financing i 114 nds an ver | 99 3 e 2 o s ts, No. 1, 1. ! g . i FIRS SECO! it §’§§‘re«_dy sale at :opg’gm each. while | 100% 87 2 101 964 Balto & ObloCY 4 s 1933. 97 Sflile’“é‘h'?e" Ji‘r'&'é’l‘ 110‘121&‘:‘“&3' I::; s \ g Money Scarcity Ahead. | NEW YORK, September 1 (#).—The ;33’3,‘,“ - i 1 smaller move slow at 65. Pigeons are | 1054 100% 105 100 Balto & Ohlo ret bs 1996. 101% since added VIEW The serious aspect of the si | Mengel Co. of Louisville, Ky., has ob- | 3 1 g g ce A to it sufficient additional| WEEKLY METAL RE . e situation g holding steady at 25230 & pair for both | 98t 9 N's 91 BEOPIsLES W Vads 92 holdings to give it a large majority of » is that there is no relief in sight, | tained & $10,000,000 contract from the —HOMES young and old. 1036 200N 109% 101N 84D BesimEnn i bo ute 00 192 e e o, large majority | NEW YORK, September 1 (P.—| Rather, there is ahead a period of ever | Willys-Overland Co. of Toledo, Ohlo, APARTMENTS Daies Mkt Hilaen | Y mft‘u zg?. :rw;lyn ;'m;nn‘-‘x [ IA' :;Il 9}[3’- preferred, as well as a large interest| While business in ished steelmwu greater scarclty of funds and higher | calling for the delivery of automobile b, airy Mas . 102% 6% Canadian National 4%8 kel Pa"the Capital Traction G sumerent | feported to be largely against specifica- | interest rates than have so far been | bodies over a period of five years. | —BUSINESS PROPERTY T e desirabie stock b at least o be abie to ngreé with the | flons. there vas a good trade in struc: | paid by commercial and speculative | S | e eges b very firm on desirable stock, it latter on merger plans which tural steel, with & large o TS, e effort just now is to o Ap; ce receipis of which are light, and values 133 4 :;‘V\ EZ::" Pfl"'&“..':" Q’s;‘ before Conkrcgg, with every pr;fihflm {ng for various projects throughout the ikeep the money market “static” until | Prompt Service show an advence of 2 to 4 cents ndmn‘ t . ."“W. Au:m 4 $ uw; of action at the next sessfon of Con- | country., The rails continued to in- | after September 15 80 that there may l WILL SELL | over opening price Monday. There it} R i Chnnneiies i 9 gress. | o o moderate manner for rany | be the least possible interference with | Real Estate Mortga, very little trading on the exchange at| L e N G 10 Since the acquisition and sale of the | qualities of steel, and steel pines was In | the plan or Government financing. In (] £.000 Fairfax Ant. PR TR |i gage i this sesson of the year but eggs that o g e it big block, Mr. Thompson has since rep- | better demand for oll and gas Iines.|the judgment of bankers the burden st i & Guaranty Corporation *howr rade under the candle meet With 1104 1042 Chl 4 & Quinoy Let ret 48 1911 107 peented the Nort Amerioen Gt Feb- | etees were generally very steady. Pig |on this market will be heaviest between | R Main 1403 26 Jackson Pl reac mlohon L;lc :u‘e;.m-‘; :\:gvv;;umfl | 93 e “ s “!'" m‘:'"'"” l'g ‘) and has m‘l]dc large purchases of Wash- | fron was firmer and the markei con- ~Seg(:x§1berl zuhnnd October 15. | G m Place || Many of the arrivals from nearby s | 65 s b cavene he ington Raflway and Capital Traction | tive. | wviously there can be no temporar: —— candle and as buyers . - = A few years ago, Y. T. Booker, a | were in somewhat better volume Ia serve to these conditions. This di: hoid of ofterings of this sort prices are | o o i Inanclal writer, ained ihie fm of rane. the week, and it is now ‘:n{:\-led that | count " rate will not be reduced below WE FINANCE o _be shades o 3 94 arris & Co., this being the only chi r rt of their September require- | 5 per cent for some time. | asses of income-producin & dozen for sel v g w 974 Ol - of the original partners. Mr. Booker | have shown less interest in the marke! come is France. It has been nec- H i 3t oents :,dgg;;,;f;r;;;g‘;n°,g;;fi;; B N Ol Usiogtatiog 81es 1993 s ggon engaged in business for” himelf e ot 1 adll avaiable for | ssary o ner_ankers the past veck i oLu::n"em wnr:“. .i ecia :2- a dozen for ent T s < 44 o =, - Mr. Meyers joining with him | th is said to com- | to ey toward franc ex- | % "hi & Western Lnd con 87% 8w BT 87 delivery this mon! - | of shippers is called to the fact thai Yiy K% Chid il | cers are | change that would preve Ve 2 ohd 2 Jarge siss, clean ang mur':coflyv_flm Ton | vl 1% B i Colo narl Sinskhars A vonee 0w 06w 98w oy | Thomas Brahany, who for vears had | remains unchanged at 14% cents for | not, relish. The pressure of exchange 816 15th St. N.W. 1, ve 4 I v | - 4 uba N 95 95 vhY \ t Valley. - ' - - o under the candie have to be sold strictly | o o= 08k GOk R i T i S . U6 |young financiers, then foined Crane, | ““Tnc’tin market was steadler toward | Possibllity of gold coming from South s on their merits (087 0w e4 s Den & Rio Grande con 4 8% Uon ‘9o |Parrls & Co. B Ogle Harper s also| (he close of the week. Consumers were Africa that usually to London. | 1412 G St.—Main 1346 Potato Prices. | k9w 7% 97 57 Den& RG West6s 1956. 89y ¥9% LOw | & member. reported as moderate buyers of nearby | In neither event would the amounts be The potato market rules steady under | 97y 92% Detroit United ch’: 1933, 96% 981 9 Buys Business Property. positions. l&u’:‘l{:tut for August were fi;l!:n::‘lw.m :‘f h}:e"m«:‘u‘ zgr‘; ‘1:":; e nters on | B3 B3 Bd% ' waited Wi rest. h 0! cul . 1 { at any price. No. 1 Po-|100w &7 7s. 81 B4k | % producers and the demand {rom con- ant when call money sk oL e imging 115 10 2.00 & barrel, | 10 106% 109 106 Grand Trunk s f deb & i53 1065 1.5 | 10F; Cranie Bacrls & Co. moved o 333 | fumers was active, while producers and | SIop8 from Tl Lo 7 per cent would TR g but 4 and ungraded stock will not | 116% 114w 117 110 Grand Trunk 78 194 1z 112% | hae now been acquired at 821 Fifteenth | consumers stocks were reported as [ Perform if announcement were unex- poTIEnCe D er 125 10 150 and sack po- 1015 s4w 101+ 8% Great Nortnern ¢ e 1978, ¥ 97 | 1S 0 5o that moving will not be mudh | moderate Prciecly Maade of w euld anggementiof | i tatoes sell mostly 1.00 to 1.25 100! 114 10% 113% 105:/. (3reat Northern gen 648 1953, 107 108 | 0¢79 task. The new home is a four- . » W 2,000, | 11569 3 by | 3 Northern gen s 19368 12% : por Sweet potatoes and yams &re | 115% 1 116% i11% Greart e ; : i1 | story, concrete structure, and the firm Lumber Industry Decrease. | Prices Outpace Business. . TarreiGor the former and 3.00 10 3.50 8 | uan 5.1 B Hudwon & Manhattan adibs 1967. K’ Asth | OO e it “other necded apace. | Production, shipments and orders de- the stream of speculation than fo buck i o barrel for the latter. Mixed dun’grnd;g ozw 98n 1033 V5 Litinole Caoisel - o 99% | New York stock, bond and curb tickers | creased slightly in the lumber industey i ;gg:‘“mm'f'",:‘lfiey“v‘d‘:‘n"-"l‘“m{:fi { Bond Salesmen to 3 0 Th B 7 9% 8% 3 e - | T D e ave ‘ol wAnled | by i 103 U0ie Loter Kapld Teanait auis il el the sory of markel. Muctuations | 1, the week snding, AUUSL 2 AL | that tneadvance. can outiast the sea: | The Fall TP i d i e s Gnie Eiw W94 K3 Inter & (ireat Nor ad) & 2 9yn | & off t sociation reports. Production was about | 300S ney stringency. The stock Loca d hous cial- * he ‘market 100 91 int Rwysof Cent Am 8% 1041, ot gl oot BE e gosslp and news of the | SAOCE Uider the weekly average for Bt s receatly R o\ Rental Seascn izing in high-grade bonds garden truck rules s under | no R R Tl et L o8 | Al equipment will be new and the | the preceding 34 weeks of the vear, | il Lo e B R has an opening for thor- - O atringses s, 100 | ek 7w 100 4 LakeShore és 1331 vai | Safen of S s o ey xfi:‘yflufi?‘?;l S"f.'ilf.‘l”‘;’{éfifi,o‘k’é Yook aver L S e Th e en. | Does it find you ready to oughly experienced bond 2250 bushel; beets, 230 to 350 10| 9% 00 0L 100% 105 Meard In Financial District. 8 WpKly ,',‘:‘d”’“fi;“.}","‘,',l.f‘ the South: | conditions, 1931 a8 were bands it Asigast attract to your apartment a ||| salesmen. These men must e 100- sugar com, 15 t0 251104 98 108% Uil il ieo Ry & Lt 100 100 George L. Btarkey, president of the | Mills reported reductions. after their month's decline. Business highly desirable and sur have an established clien- Gonen: cucumbers, 50 10 75 basket: egg- 75 103 100 MStpasysMey 0% 1004 | N GETED B Of Washington, plans 0| Antimeny was slightly easler due to | Sonditions were favorable to ft. Prices ; tele. Full co-operation oants, 25 10 35 basket; lima beans, sk mme s WoKanRTD S0w 801 7 | loave this week on an extended motor | reports of lower offerings from the Far RATH.o% Shutt up to and passed IoBeaatishias patven frnichid R i ns 0 2.2 i o 101% Mo 103N ‘ 3 Vi ents. ere N shed. il R ';,““,"P B 1 5 L 8 108% 95 Mo Kana ¥ 100% 100% +|trip_wiong the Eastern seaboard to|EAst. Spot demand Wi o, great ‘deal of unwarranted talk about “"I‘: m;""e Only those with stated per 100 pounds: Pepy % Sor 1o T6% Sissourt Pacilic gen 48 1976 78 19 1T% S0 S the future prospects of this and that Rt sUvNias Wil g fav te: v Sy g bt green and 30 to 40 basket for red gl . cim . S ; " i s 5 o 0 lific: 1 b ? : <ket oes, 50 10 w8 wsour! ific b8 ¥'. . By 9% UB% Al . . ¥ orporation and its shares. The “cats qualihcations wi e con T‘m”vfi;»fi(f’-tu'ugfil}:uzu, s57a bushel for o 4% New York Cent deb da 1934, Sl S8k ub% l‘mancml ngh ngh!s of Past Week A th:“:n.:rk": A6aln having thelr day :;::“..h:l:":";::n = sidered. Inquiries will be 0 e vellow 101 5 0 New York Cent ref imp 68 W 1UBY% ot place. v - o packing stock; smail yellow lomatoes, | 11im 1050 New York Central deb 106 . » , Qtatisli One of the most favorabl . treated confidentially. 10 30 basket. arket rules gen-|il6y Lo Tow 112 N YN H @ Hovdebds 1y Brollghl Out in Nutshell ')_y Statistics |, e St r:o;::g"r‘rf: A ¥ 4 me green frutt mact o et 40" 1% N ¥ Ky b8 108 | rted in rallroad earnings for July. | B..E. SAUE GO. Address ;»'h k‘&:"n i sk attracts at-| u 12 40 N Y West & R en AR G e § heb:eb o.(‘ A large group of oarriers | | i pllowing quotations; 9 41t NEW YORK, September 1, 1928, has been shown to be about §10,000,000 Main 2100 925 15th S % lention At U0 basket and 75 10 | 121, v+ Norihern Pacitio " " This Week Last Week. | KEcAter ‘than u yeur ago an increase pipa At Box 319C, Star Office Cantaloupes, 40 10 00 o 1.00 basket 9% Northern Pacitio .0y High Low High Low. |of over 11 per cent. s has put 1.50 crate '“"»'"r' cet: hurkieberries | 116% Northern Pacifio cet tup 6s 2047, 113 Stocks (average of 50 ssues) 200,67 108.22 105 44 193.28 ; limited number of raflroad shares for. grapes, 50 to 75 BasKr Ao e 156|100 ush 100 Jre 3hort Line ref 4s 192¥ 98I e | ward and given encouragement to those =S = 2 to 15 quart: peache 'm: Pl Ja%n B6H A » Jre-Wash |8t ref ¢s 1981 . ABYW This Week. Last Week. | who are still old-fashioned enough to 1 I buhel, Bartlett pears. L9010 L0 o sk 1040 10 Cenndyivaois aen ¢lys 1468 904 | Bonds(average of 40 issuen oot .84 | choose them Inatead of Industrials. The At Last bushel; sickle pears, 15 > elons | 114% 1067 114% 101% “ennsyivenis gen 68 1V 1060 10%% 1065 | Forelgn bonds (average of 10 lissues) 3 resent generation. however, prefers the R R A Bl ") g, 98 f0 18 Deskel: o0 e | L 1015 1155 108% Canusyivanis 8 e e 10 iz i1, | e, LW VAR En:r'::s of the aiock market Ls o LIFE INSURANCE at the 500 W 40 g B 0 10 | 106% 103% 10 vere Marquette tet bs | 102 1084 [UET erve rath #0.5 49.6 78.3 | hettes and frets at the suggeation of an ] ™Y " 3500 16 30.00 for selects and 10.00 1o | 1o LU IR Pederal. Reserve ratio e ‘3| Investment in & highly regulated indus- Ql ANTITY RATE 35.00 for primes, while culls are gen- | LIS e Money rates in New York This week Last week. | try such as transportation. It is the on ¢ ) s might pr . by glected a4 3.00 10 500 4 Utta 1 Ark & L 418 1934 BT Cail 7 108 15Tt | unrestrained. nduscriats, Teleased" from .‘,\.w.liln;‘-nl: .\‘:“\‘:.fh!‘,x,!'_’ IERhL Brove {1 B9 v molt gt Cattle Market e L b s b o] i e UL R e Can You Meet These THREE REQUIREMENTS? O s i 4t L & San Fran of 0 W v, ave captur magi- lan You Mee rse R { y The lve cattle market rules steady | r B LA Na Frae priNbe 1900, 01 Month of Monthof Monthof | nation. ‘The only Secuiative thotntive 1 S "‘h s Q ENTS o fem under generally light receipts | s SUL & $an Krap (0o e 1980 101y July, 1928, June, 1928, July, 1927, | {1y “railg 1a consolidation. This, At th Bt midsdhvrigh g oo o A yes. Demand s fairly | 91 £ K ( s b Unfilled steel orders 3,637,000 3,142,014 : s e 2. Are you in the best of health? on the whatier de cattie, but ail| 910 SUE K CH Line § s 1U81. b | Pig iron production i 102,710 " e8i109 | DOk dgbnia rembte 3. Can-you buy “in’ sulisiot volume-<05,000 ? Bleacy Saes move slow at inside prioes. | ] 57 Ssabodrd St LIERR 1IN0, “’ o s Akl 2 gt Political Factor Enters. Moni ‘_'\.‘"’_., ¢ o '1" "";'; d 1;' .;'""‘ 3 tations today at Light Street Wharl| 75 - Sankev o AIE Loike Gon Sa 19 Building permits With September the market not only 4 ey-Saving Coupon—Tear Off and Mail Today! d, 13 Number of ecities 580 541 580 “bee! cattle, first quality, pound, 13 /#% douthern Pacifio ov 48 192). Amount 338,019,006 $368,087,334 313,000,388 | SDIeTS the firat of the oritical montha S o 14; common to medium, 8 0 12:|°, ¥4l douthern Pacine ool 4s 194¥ BT% . $398,819, 087,32 $.666.988 | 5o far as credit is concerned, but it HOME LIFE INSURANCE COMPANY, butls, us to quality, 7 to 9; cows, cholee | et Commercial fallures (R. G. Dun & Co. reports) faces the dally emphasis in the new H. R, Bryarly & Bro., Mgrs. Phone Main 5391 o faney, 7 % 9; dommon 59 | B Number 1,723 1,047 4 ;.m :{l‘g‘;"v«;m.k-l Seipim | o Sony 1001 Fifteenth St. N.W. (Rust Bldg), Washington, D. C.: oxen, a8 W guall o prsgrrd | 00% Liabilities ,800,.43 20,327,078 43,149, weel he buoyancy of 5. § e Sl f}y pun. 58 ]" % 16, large, fat, 14 117% Southern Ry gt > e ’ ! . stocks was attributed to signs of greater Please sead me without obligation details regarding al. cholee, 4 | . . ; >, 8 e arge, rough, 11 to 12; thin, 9 st CHird Ave agi G4% Revenue car loadings Weoek of August 18, 1028, Previous week. Year ago. | Hoover strength. This is as good an | vour new Preferred Whaole Life Policy % 10. rough and common, 7 to 8 Unton Pasific e uhw| Al commodities. ., ..........i00 oo 1,056,008 1,044,442 1,066,838 | oxplanation as any. Possibly when the Nawme sheep. choice, 5 to 6; old bucks, 3 t0 104 Virginian Ry 1at 104% 106% | Orain and grain products 81,170 58,032 54,043 | centrifugal force of speculation throws Sy ambs choice, 14 o 14% | Wahash 18t 6s 191 104% 1084 103% | Conl and coke ¥ 160,858 170,661 182,833 | the market off Its balance some time Address 4 b spring pe 2 o 13, common, thin, | Wabush 6%s 1978 108 104 1011, 1044 | Forest products ... .. 6,011 66,206 69,931 | in the next two months, Wall Street y 15 ood, 12 " oo etraiah 10 13 5OWS T4 Western Maryland 4s 1963, B0 W0t R0 Rou | Miscellaneous products 414,285 4084 406,227 | will have a ready explanation af it in on, State Gt stogn, & 0 b pigs, 11 wliar ax 470 Weglern Pacifie s 1948, .., L o9I%m 0N 97w vRix' Ore # i 4,228 0.5 " dhmw‘r}y\ t there 18 & strong drift ) vin woll st 45 2361, "o 85 8&1W 874 874 Live slock } 25821 23,639 0384 of the voterfto Smith,