Evening Star Newspaper, September 7, 1928, Page 15

FINANCIAL.® * 15 77 DECLARED ONEND =552 2 FINANCIAL 1928.° BONDDEALSHOW BEARSH EFFCTS .‘ Short-Term Issues Especially! yS3ss’ 1.8 105 9 53 106 30 106 20 106 24 Influenced by New United S U U States Loans. D. €. FRIDAY. SEPTEMBER 7. i « NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office THE EVENING STAR. WASHINGTON, [ sow von_ BONDS stoce excmwnea] NE HIGH RECORDS Received by Private Wire Direct to The Star Office ! UNITED STATES. ARE M A_DEEN BURB‘ LU Hien, Low. Upward Trend of Market Is Pronounced—List Ap- Sales. High. Low, Close. 16 102 1018 101" 14 102% 101% 102'4 4 10415 104’3 1045 2109 109 109 102% 102 102% 847a 84% 2% 943 988 93% 929 7% 97ta Following is a list of stocks and bonds traded in on the New York Curb Market today: INDUSTRIAGS. . Low. Close. Grain exports from the United States last week were 7,574,000 bushels, as against 6,660,000 the week before. Commerce Department figures today zgave the following comparisons between | last week's exports and those of the | previous week: Wheat, 2,782.000 bush- els, against 3.266.00 against 69,000; oats, 1 000; corn. 209.000, agains barley, 3,076,000. agamst 2,387.000. Canadian grains exported last week through United States ports amounted to 1.494.000 bushels, against 1.954,000 the week before. while exports of North American wheat flour were 252,000 bar- rels, against 169,000 barrels the week before. CHICAGO DAIRY MARKET. Close. 49 16 10025 101 By the Associated Press. 16 9916 9912 30 101 S Sales in hundreds. 1 Adams 1Aero Sup M{ B 5 Allison_Druz B 2 Alpha Port Cem i Aium Co Amer pfd For Pow war Bov El F 10 Tob Prod Export 1 Toddy A : 170 Transcon Air Trsp, $Transc A Trsp s 7 d 3 Trans Lux Pict 3 Truscon Sti 5 T4 Tubi Art SB vtc 13 Tung_Sol Lamp Uni Biscuit B Bang & Aroos Brdway & 7th AV 5¢ Brooklyn Elec 648 Bkiyn Manhat 6s.. 31 Buff R& Pitt ¢%s Can Nat 428 30 Can Nat 443 57 Capital, Used for Home In- vestment, Not Attracted by U. S. Rates. BY J. C. ROYLE. pecial Cable to The Star. Copsright. 1928 LONDON, September 7.—Conditions bt industri<lly and commercially are on 41, [the m' 1d in Great Britain and British H'. i financiers are determined to kecp them 20% | s0. A leading executive of the Midland 3% | Bank, Ltd.. one of the greatest of the 104 31 94 929 93 99 Mitiis e B FOREIGN. 84 Sales. High. L Argentine 68 Ju 59, tine 6s Oct59 pears Strong. ! i Amer_Cigar Am- Colortype A A R ey 3 BY WILLIAM F. HEFFERNAN. i3 8pecial Dispatch to The Star. 'r NEW YORK, September 7.—New high [ 1§ Amcr Hezalien records involving sharp upward move- ' 7 Amer Naf Ges ments in issues selected for leadership} 37 Amer gave the Curb Market an appearance of pronounced strength again today. The m Csanemid B mer Dept Stores A DTN con pfd Amer Gas ‘& E! Canad Pac deb Can Pac 4%s Central of Ga Central Pacific Cent Pac 1st 68 90. Chesa Corp 6s wi.. 51 Ches& Ocv él4s... 3 Ches & O gn 4%s.. CB&Q4%s77B. BY CHARLES F. SPEARE. Bpecial Dispaich to The Star. :fi:t;:::: ;;fifyggn NEW YORK, September 7.—So far|Australia 5s 1957 #s prices were concerned today, they |Austria7s. failed to indicate any disturbance on ac- | Bank ofChtle 6 count of the high rate paid by the Gov- | peisju™ 85 ernment for money to refund the out- | Belgium 7s 1955. ss 99'a 991y 993, 983, 98% 091, 99 481, 981 981 981, 10012 100% 1001 a1 standing Third Liberty 4'ss. There was, however, under the surface, some- what bearish feeling, especially on short | B term issues, which come into direct | B competition with the new Government | B 4! per cent loan. B; Belgium 7s 1956. Belgium 7% elzium 8s. olivia 8 ordeaux 6s. razil 6% 19 razil 63451927, 9612 9615 +| Chi&k 111 gn bs 51, CB& Q111 3%s. 86! 8616 2 861y 14 Chi Gt West 4859, 24 CM&StPgnsgy,., = CM&SLP ret 435589 43 ChiMIISP&Pachs 75 114 CMSP&Pacadj 5503 7 manner in which buying orders were | n upon the market in the face of | continued unfavorable developments in ; the money situation indicated that | speculative sentiment still was not con- | Superp A Superp B m Trad 2 Wesson_O 4 White Sew English banking chains, told the writer today that this financial attitude ac- counted for the failure of British cap:. talists to pour their money into the American call money market, whea the interest rate rises above 7 per cent. CHICAGO, Scptember 7 (#).—Butter unsettled: receipts, 8,529 tubs: creamery, extras, 47%;; standards, 47; extras firs 46a47: firsts, 43',a44';: seconds, 41242, Eggs—Unchanged: ~ receipts, 9467 as N & 8 vic The early maturing Treasury issues | B 96 961 g ety were 1-16 to 1-8 lower and Liberty | Brazil7s, vees 1 100% 100's 1001« s bonds rather heavy. The long Treasuries | Brazi) 8s. 2109 1083 1087 were not much affected. In the list of { Bremen State 7s. 1 101'% 101%; 101%y high grade 4 and 4!, per cent corpora- | Canada 5s 1931 2 100 100% 100'% tion bonds there were about as many |Canada 68 1952.... 2 104% 104% 104% advances as declined. Canada 5%s 1929. 8 1004 100% 1007 Effect of Treasury Financing. g:in :Ilgo‘vx'kv 5s. Z 1.36’«, 1%:; n:fi., What the Treasury announcement |Columbia 681961.. 5 917 91l 917 does is to emphasize the strength of [Con Pow Japanf7s. 5 99% 99w 9913 money rates, and the probability that|Copenhagen 43’53 28 89% 59'x 893 such rates will remain high well into | Copenhagen 5sct.. 2: The 97 - 9Tl 1929. This must, therefore, be a factor | Cuba 53s. 2% 102% 102% in any new financing and in setting | Danish Munic 8s A. 16 111% 111 11114 up the rate and price especially on the | Danish Mume 8sB. 1 111 111 111 prime public utility bonds that are now | Denmark 6s. cen Ta 104% 1047 under negotiation. Undoubtedly the | DE152;s Nov 53.., 1031¢ 10314 banks will subscribe heavily for the|Dutch Eastl6s47. 10376 10374 new nine months’ notes, for with a rate [ Dutch Kast 1 6s 62. of 4'; per cent with tax exemption and | #inlana 51gs. . . a deposit going with a bank’s subscrip- | Finland s f 6s 45 P B tion the issue is more attractive than | Finland 7 the purchase of the regular line of bank | Framerica: investments. . | French 7 7 1074 In addition to the $50,000,000 OIIFrench % 9 115 114% 114% bonds issued this week there are several | German 7s. ve. 80 106% 106% 1061 new offerings slated for next week,|Ger Am Bank7s.... 6 99% 9913 9915 among them $15,000.000 of GeOTRIA| Haits gs.. .. 8 99% 99% 997 Power first and refunding 5s at a price | g, 3 101% 10135 101% #aid to be well under the market for the | . 1 bo5i; 963 0bi old 5s. There has been a good response [ ; © 98 . 97% to all of the recent offerings. B An issue of $20,000,000 North Ameri- e Yot o) can Edison 5! per cent debentures also e 11 102 1013 101% Ly 5100 100 100 18 imminent. & ~ 4 1904. 100's Ig?'. Int Rapid Tran bs. B il 2 o'n Washington Stock Exchange | Int Rapia zran v New So Wales 57s. 24% | Int Rapid Tran 6s. . SALES. Wxslamgton Arcade Co. 6'25—$1,000 at | New So Wales 58s. 104 ltry—Alive, firm; receipts, 3 cars: fowls, 29'>; Springs, 30; broilers, 30. roosters, 20; Spring ducks, 25; Spring geese. 20. Such rates, the banker admitted, arc highly attractive. The present tele- phonic and telegraphic communications would make the transactions compara- tively simple and safe from unexpected developments in Wall Street. The rate compares with a bank rate of 4'2z per cent and & call money rate of some- times less than 3 per cent here. But the British bankers feel that every penny of British capital is acutely need- ed in promoting trade and industry in the empire. Investment Capital Shrinks. The London market, in consequence, has not been widely disturbed. Neither | have the prices of shares on the Lon- | don market been seriously disturbed. London had its period of heavy specu- lation and frenzied trading and got over it before the American Federal Reserve Bank started measures to cucb the extent of trading in the United States. In consequence, the English financiers feel far more comfortable as to the general outlook than some of their American associates. England no longer has the volume of capital for investment, which she had before the war, and which in previous times enabled her to finance many of the big construction developments of America. What she has she is putting into her own concerns. Here, as else- | where, amalgamations are the order of the day, while the financing of new and up-to-date equipment and the promo- tion of new industries call for huge sums. England still is a_heavy holder of American securities and will continue to be, but some holdings have been ad- vantageously disposed of in Wall street during the recent bull market, and much of this cash will go into holdings on this side of the Atlantic. Readjustment of Finances. ‘The readjustment of national finances in Europe continues to have a vital effect’ on the world’s commodity mar- kets. For example, London vaults are filled at the moment with silver bullion from France. When the franc was stabilized, the old silver coins ceased to be legal tender and were bought in by the French government. Hoards of coins from the stockings of the families of France were brought to light and dumped into the vaults of the Bank of France. Since then the refiners have been busy and the bullion has been sent to the London market. It is remark- able that this unexpected volume of sil- ver should have been absorbed with such slight effect on the price of metal, but further stock threatens any price ad- vance. In the case of some coins, notably the 5-franc pieces, the silver content of the | coins is 8 per cent higher than their 2, | face value. The Orient has taken its 2| full share of the excess on the market. English financiers look with approval on the market which is developing for ’. Chi & NW 1s...... Chi RyS58..00euus ChiR 1& Prf4s.. CR1Pac4lswi. Cht Un Sta 4% Chi Union Sta 5s 44 Chi Union Sta 6%s. C& W 15%s862.... 13 104% 103’ CCC&StL 43:sET7 19 981 98 CCC&StLrf6sA. 2 100% 100% 100% Clev Term 5: 1105 105 105 C&S1st4s 2z 994 Colo & Sou 413s. Cuba Nor 5%s cts. Del & Hud 1strf 4s 2. Den & Rio G cn 4s. D K10 G West 5. Det United 4%s... Erie 1st cons 4s. cie Gen 4s... e conv 4s A. riecvt 55 67 w1, 2f ie conv ext 7s... Fla East C 58 74... Gr Trunk stdb 6s. . Grt Northn 435 E. Great Nor gen 7s. GreenB & W deb B Hud & Man aj 6s. Hud & Man ref b cerned over credit conditions, The spectacular rise in Industrial Rayon shares overshadowed everything | else in the entire proceedings. Having left off yesterday with a net gain of 14 points, the price started in today more 4| than 2 points higher at 110% and shot forward to a new high record of 125. Rumors were current that the stock meRE e 3 was soon to be admitted to trading on .3 3 3 3G Mines . the Stock Exchange. There was no & R 14 8325'020900"{4““ ur.. doubt that a good sized short interest 60 Di : had found itself badly trapped. Auburn Auto was a noteworthy ex- ception to the general trend and broke almost 10 points to a new low. Offerings reflected the unfavorable earnings state- ment of the first six months. C. & G. Spring Bumper was, lower following an- nouncement of the passing of the quar- terly preferred dividend. On the other hand, new high records were established in Phelps Dodge, De Forest Radio, Pittshurgh Plate Glass, Zenith Radio. Checker Cab Manufac- turing and Kimberly Clark. Denial of rumors that negotiations are in progress for a merger of Gales- burg Coulter Disc with Borg Warner failed to check buying in the former »|stock. Columbia Graphophone was bid up several points further, still influenc- | ! . ed by reports of an impending merger Col ph. ... = with Radio Corporation. : > Oils and utilities were higher with Puget Sound Power & Light featuring the latter group. Por . 17 Auburn_Anto Co. 1 Axton Fister A 2Bahia Corp . 5 Balab & Katz vic 34 Bancitaly 10 Bastian Blessing 1Baxter Laund A 2 Bendix Corp B ss E W 19 Young Spr & Young § D 2Zenith Radio .. Saesin MINING STOCKS. hundreds. - 1l Carnegie Metals. 22!‘1 4 Second Trust Notes We will buy your Second Trust Note if desirably secured on im- proved property in the District of Columbia. ol 19 Golden Center M 2 Hollinger .. 48 Hud Bay Min & Sm.. ark 4 11 Mason_ Val._. . Tyant...... 20 6 New Cornelia . Alco. e 4 10 Newmont Mining...". oni W ey Milk. 22 Cl 1 Campheli Can Ind M Prompt Attention to Applications 151 Noranda g 23 Ohlo’ Coppor, 10 Parmac Por M :Ltd. fotEn ConAmis e 1Roan_Antelope Cop. " i Gent "pin Corl e ttuck. = 5% 105% 1 o Eringrin | National Mortgage & | Investment Corporation 1004 Vermont Ave. N.W. Main 5833 2 35 Wendon Copi 15 Yukon Gold. 56 Am’ Con Oflfids...... T 22 Commw P bfd’ s ‘wi 1 Am Maraciibo Co... 10 Cons Auto Mer vic. 0 I Diirtarc.... 2 Cons Auto R{Pl'pn'n 2 111 Cent Chi 414s. I11-C-C- StL&NO 53 2 99 98% 99 4 1024 102% 102% 11 79% 9 791 ASeSavavas Mortgages Investments JAMES Y. PENNEBAKER Main 5328 1520K St. N.W. WHEAT TRADING DULL. Market Closes Firm and Slightly Higher—Corn Futures Up. 1 CHICAGO, September 7 (#).—Wheat 1 Mount Brod ... traders spent a dull day on the Chi- i . s 10t 10 3 New Mex Ariz Land. cago Board of Trade, but the small ARY 29 r Oil.... 99%a 99% |1, & N 4158 2008 2 99% 99 g9 |turnover was at a higher price average ¢ C & R. 1037 1037 | Louis & Nash 5s 1 105% 105% 105 | and the market tone was firmer. Un- 00k 90| Ry 1ats0 ., | settled weather Northwest, with showers 3 1021 1021 1024, | Man Ry 18t 90, 2 % & 8 |and a trace of show in’ Canada, lent Mich Cendeb4s 29, 2 9915 991 9u; | Strength at Winnipeg through fear of | 8914 | Mil El Ry & L 65 61 1001, | delayed deliveries, although receipts are 997, | Minn & StL et 4s. . 15% 16 | being augmented daily. 106' 1064 | MInn & StL cn 5s.. 49 49 Liberal cash sales of corn had a 1 106% 106% 106y | MStP&SSM5s38gtd 2 98y, 981, | buoyant effect on the current month’s | n “"‘ 1“5‘ 1““ MStP&SSM6%s. 2 100% 100 1004 | futures and September was more than 4107 107% 107y | MK & T 1st 4 8 874 87% 8% gc apovci!hc cnrlyu:murcs. other months 2 3, £ irmin; n sympathy. 3 106/ 106t 1061 | ALK & T adj b 100% 100 100 | e elonea fitts; % to 34 Tilgher; : g A MK&TprinssA. 2 1004 1001 1001 15 935 9315 93451 Mo Pacific gen 45, 783, | corn firm, unchanged to 134 up: oats strong, '> to 1'{ up, and provisions 1-115% 115% 116% | Mo Pac 55 A 65 b e 2 107% 107 107 1 Ao Pagss F 7! 99% 999, | strong. Ribs unchanged and lard and « 6100 100 100 |Mont Trm ref 3 99% 99% 991 [ bellics, 7 to 17 higher. WHEAT— I a0 et | Nassau 1462 8 60% 60 60 1 98% 981 98% 5 s 8 995 9915 991, NOTex&MEsB,. 8 98% 98% 08% | Deacroner 14 10315 103% 1031, | N ¥ Cent 48 98..... 12 92 911, 7 1030 103 10313 | N ¥ Contdeb4s.... 1 96% 96% 964, 8 104% 104% 104% g §g“‘1m“5 A 5 98% 98% 981 ent r 106% 106% 10614 E&F T 189, 1 80 80 28.; N Y Cent deb 1 1053 105% 105 [ M Cap. Traction R. R. 58 1002, 3291 91 iYChl&S‘LB%s « 4 106% 106/ 1061 Clty & Suburban 5 UtdKingdm 634537 2 1041 104% 104% | N ¥ Nt ok 3oss, - s B3 83 ruguay 8s 3109 109 NYNH&Hus. 2 50 w0~ so° Yokohama6swi... 4 964 96 96| NY NH&H clt6s... 10 104 103% 1037 14 11255 11215 11214 MISCELLANEOUS. NY NH&H ovab 68 AmAgriChom 15a 4 Toon 05 105 | NIStteRyays. 5 dmi am i 40 101% 101 101 NI W& 4 40 s 36 108, 10% 103% | Norfolk & Wen4s. 1 93% 93 9gn 1og (gw 904 |NorPacaszodr.... 3 61 61 6f 1047 1047, | Northern Pacifi 26 91% 90% 91% 5 107% 107 107 | NO J3 1130 113 i, 99 98% 99 1 s8u 88 88 2 100% 100% 100% 1107 107 107 3 104% 104 104 15 110'5 110% 110 32 103% 103 103", 1 103% 103% 103! 5 106% 1067 106 1 101% 101% 101% 1 200% 100% 100%s 1 99% 99% 99% 10 96 9% 96 997 93 941 941 102 963 % 100% 2 102% 1 5 102% 1 3 7 27 99y 2 107 6 941 93% 1 965 965 11 98 9T 1 93 93 2 74 4 3 99% 98l 42 9w 9Tz 7 88l 873 B8 3 93 | Int Rap Trans 7s.. 94 9414 94'4 | Int & G Nor 1st 6s. 107 il 11 94 14| Int&GtiNorad; 6s 62 3 ‘ eaes 2 | Int R; 5 Chestnut Farms Dairy pfd.—10 at 105'z, | Norway 6s 1963. 97 |Int Ri‘é:"s‘,fi,’,‘,{,, 6 at 10515, 10 at 105! orway 6%s 100% | .. Potomac Electric 6% pfd. Norway 6s 1943. 1025, | [Kan City Ft S 4s... Potomac Electric 5'2“ pfd.—7 at 107 6 at 10712, Washington Gas Light—5 at 97. gbrebr:y ga}t‘xgnnl Ba'fs_‘f 23( 253. T & Ross com.—6 at 25. el Commercial National Co, pfd.—10 at 105, | EariscLy-Med 7s... 11 104 Nat:c?:l Mtge. & Investment pfd.—300 | pgry 7. at 4%, ro 2 Courtaulds Lid. 1y Crocker Wheel 106 Guneo Press 10 Mex Oil_ . 21 MountPros 9915 Y70 zz %z 28 P b & 2o =% o8 T8 8 rient Dev deb 6: : 13 100 aris-Ly-Med 6s. 10 99% no 99% 99% Lehigh Val cn 4 [l 3 Reiter-Foster Oil . 1Rich O Cal pf Wl 1Rich O Cal pf ww BN 0N ool 12 Texon Oil & Land. .. 19 Tidal_Osage O. 23Tid Os O non 1Venezuelan Pet . Sales STANDARD OIL_ISSUES inunits, MER SUBSIDIARIES. 800 Anglo_Am_Oil 177 In Nearby Virginia Prudential 51/2% lnn:E:xEEc:l::o. Commonwealth Investment Co. 917 15th St. N.W. Phone Main 2623 AFTER CALL. Mergenthaler Linotype—20 at 997 Riggs National Bank—2 at 530. Washington Gas 6s “A"—$200 at 10315, $200 at 103!:. , | Washington Gas 6s “B"—$600 at 10475. e o E 2. nvest Inc..... 47a ) P & L opil Wa P& L 2dptd Al Pow Cor......... 5 Elec Shov_C bt Bfd. . Washington Rwy. & Electric 45—$4,000 at 9234, $2,000 at 92%. Money—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. B Amer. Tel. & Telga. 4%. Amer_ Tel & Telga. 4'a: Am. Tel & Tel. ctl. tr. Anacostia & Pot. R. R! Ana. & Pot. guar. 58 San Paulo City 8s.. 60 Gal § O pfd n Sao Paulo 1950 6000 Humble O & 5Y%2% and 6% Real Estate Loans 800 South Penn O 00 S 5 Freshman Chas & OATS 3 Fulton Sylphon September C& December March May. fnew) mew) funds for new and improved machinery Save S time and | and equlpmel;n, slncef!h:y "fllt’ge mnr; energy by coming first fully than the manufacturers the need | Ty e e Ic usally (he| | where™ you know the case, however, the money is going into | ! money can be found. i the more prosperous industries instead, gl | of into those doing badly. i | Prompt decisions. Theater Mergers. | Establishment and amalgamation of | theater chains and amusement enter- prises 1is progressing rapidly, with ample capital available. New indus- tries, or at least industries new to Eng- land, are receiving financial support. Among these are the beet sugar indus- try and the development of canning plants. i The relative steadiness and stability of the British industrial stocks indi- cates thoroughly how strong their po- sition is. They have recovered promptly from the liquidation following the mys- teerious death of Capt. Lowenstein, the Belgian promoter and financier. Sales in BONDS. thousands 1 Abbott Dairies 6s. 37 Abitibi P & P 55 A. 4 Ala Pow 4135, .. o7 10134 RYE-- 9014 September 94 December March May COTTON IS HIGHER. Unfavorable Crop Advices Result in Upward Trend. NEW YORK, September 7 (#).—The cotton market was generally higher today on continued unfavorable crop advices from the South and reports of increasing demand, which inspired cov- ering for over tomorrow's Government crop report. Slight early losses were recovered, active months selling well above yester- day's closing quotations. The mid- afternoon market was fairly active and steady at net advances of 8 to 12 points. GERMAN BONDS AND STOCKS. By Speclal Leased Wire to The Star. NEW YORK. September 7.— Gov. Red Loan_ with Ofiawitey etd 100 R. ng ‘ctfs. per . M Ger. Gov. Red Loan withoup . Rwy. & Elec. Wash. Rwy. & Elec. gen. 65 MISCELLANEOUS. ber & Ross. Inc.. 638 Bheetnut Fams Duiry 81is Chevy Chase Club 8'28 B Pa : Mortgage Loan Department +SHANNON & LUCHS, Inc. MIS K 56 N.W. Phose: Main 2345 P & L5s .. Pr Wks 65... 98 550 Dye & Pr 6. . 68 Assoc Gas & EI 5128 215 Assoc Gas & El 4 5Asso Sim Hard 6 13214 132 | Pennsyl gen 434 . 99 132 131% 1323 | Pennsyl gen 6 14 92 91% 91% | Pennsyl 6s 64 39 93% 93% 931, | Pennsyl 10 102% 1027 1027 | Pennsyl gold 7s. - 18 101% 100% 100% { Pere Marq 1st b arnsdall 6s 1940.. 48 106% 106% 1067, | PCC&StL 55 B 75 ethlehmStlpmb6s 6 99% 99% 993, | Portland EI P L 6 oth Steel rf 58, 1 101% 101% 101% 3 © 300 - | Beth Steel 5%863.. 2 1023 10215 10213 Poomas Hlec- 80> = - | BethlehemSteel 6s. 17 104% 104% 104's Wash. Rwy. & Elec. com. Bklyn Union 6%s.. 5279 279 279 Rwy. & Elec. pfd ertain-TdbY srcts 9315 NATIONAL BANK. hile Copper 5 95 National Capital Bank. 0l Gas&El deb b 99% 9y7k gt 3 8% 78 8Y 9 105% 105% 105'; | StL &S F inc 6s. .. 2 76 76 76 |StLS W conds32. 2 79% 79% 79% St P& KCShL 4%s. 1 105% 105 105% 1 103% 103% 103% el . e ¥ . 6 108 107% 1093 | SeabAL adj b National Barik of Washington.! 107 98% 984 98, | SeabA L con TRUST COMPANY. S “‘: l:f% ]gf,, “9,3,, . 215 1021 1021 :‘n:le:g:r:..se;u;%y & Trust C g :g 13?‘ ‘3’ 107 ercharts’ Bank. 2% 911 92% e v 4w s Washington Loan & Trust.. 5 99% 9913 99u, SAVINGS BANK. 5 101% 101% 1013 Bank of Bethesda. .. 2 103% 103% 103% Commerce & Savings, B 9613 96l 96 East Washinston.. 27 981 97 98 e SR 32 103'5 103% 103% % 199 99 99 1103 103 103 17 95 94% 94% 5 101% 101% 101% 7 101% 101% 101%5 1 104% 104% 104% 8 90 R9% 89% 1109 109 109 2104 104 104 2 105% 105 105% 6yt Y9N Y9y 12 86% 86 86% 1 104% 1042 104 NYGELH&P4s 1 93y : 98 NYGELH&PGs 2 106% 106% 1061 {N Y Tel4i4s 1100100 100 N Y Tel 68 41. 6107 107 107 North Am Edis 6s. 78 100% 100 100's NorOhioTr&Lés 2101 101 101 | Pactfic Gas & Bl 65. 6 101% 101% 101%; PacT&T1stbs... 19 103 103 103 | Pan-Amer Pete 6 104% 104% 104% Paramount 6s 1947 7 100% 100% 100t Pathe Exchangeis 4 79 78 78 [1 6 103 46 987% 98 | Phila&ReadC&l 4 95 5 Philips Petro 5%s. 16 9215 91% Plerce-Arrow 8s... 13 107 1071 107 Postal Tel & CB%s 149 951, 9514 Public Service 4 ks 1368150 RemingtonAr 6332 5 Rem Knd 548 war. 1Interst Dept Strs . 11tal Superpow A 20 Kauf Dept_Strs 18] Kimberly Clark . 2 Lackawan Sec . 17 Lakey Found & M .. 1Lane Bryant ; REAL ESTATE LOANS - 5%% 00l 5'2s. StL 1 M&S gn 68 31 8. .0 & St L IM&S R&G 48, StL&SFpl4sA. StL&SFra%sis St L &S F pr in b 2! 3 Markets at a Glance 1 101% 101% 101% 36 101% 101% 101% P g f o NEW YORK. September 7 (@ .— % i Stocks strong: Montgomery Ward rises | i i nearly 20 points. Bcn:is quietr;m;:l'l:g 1 1,00 2 2 ielded slightly. Foreign excl ©(Bubtea'in uatinrs wer ‘niilion fmarks ) C g zm\y: e e Chtim H."abg.fl‘;d« ',‘",”' i hoiiang mareg) e L 3 G %+ | steady: unfavorable crop reports. sugsr’ e B 3 B : i 03, %2 32| Gasy; liquidation. Coffee steady; trade ! Ger. G i support. e | CHICAGO, September 7 (/).—Wheat | firm; improved export demand. Corn higher; unfavorable weather. Cattle firm. Hogs steady. Bid. Asked. uban Am Sug 55.00 60.00 | Detroit Edison 584 De Wi’ 2 Marion Steam Marmon Mot 49 8 50 5 29 6 5 21 1102 2 685 40 65 7 95% 29 884 District of Columbia and Nearby Maryland-Virginia 3-5-10-Year Terms Prompt Replies Randall H. Hagner & Co. (Incorporated) Decatur 3600 1321 Connecticut Avenue Mortgage Loan Correspondent New York Life Insurance Co. C. 4128 pre-war. 5 : n.. : 4128 1919..... X 3 r 3 Emi RS B s 5 1 Fairbanks _Morse s.. & 'ds pre-war 8Fed Wat Serv 512. .. Amer. Line 41.s. il 55 f North German Lioyds Krupp 58 1021 Dusseidorf 4s pre-war. Frankfort a-M 48 pre-war. % Munich s bre-war... 1 Mohawk Hud war. . Quoted in doilar ) 1Moore Dr For A E. G. (Ger. Gen. Elec. 3.00 45 17 Municipal _ Ser . G. (Ger' Gen. EL) pf.'B. 1Murphy G Comimerz and Privat Bank.... 3Nat El Pow K. . Farben.. ... 19 Nat Food Prod B.... Disconto Gellschaft, theroe. o Berliner Handels. .. Dresdner Bank... Deutsche Bank Darmstaedter Baiik Heyden Chem._. . Mercur Bank Viehna Nor Ger Lloyd. % . Austrian A. E. G. (Gen Eiec.). SHORT-TERM SECUI{ITIES. (Reported by J. & W. Selisman & Co Offer. Aluminum Co of Amer. 55 1952 10213 103 American Radiator 4'ss 1947 " CHICAGO LIVE STOCK MARKET ator 415 "lodr CHICAGO, September 7 (#) (United | Anaconda Cobper 65 1920 States Department of Agriculture) — | Balto, & Ohlo 4125 1933 . Hogs, 11,000 head; market fairly active; 1 mostly 10 and 15 higher than Thurs- day’s average top, 13.20, paid for a tew loads of choice 180-215 pounds; butch-| Chs ers, medium to choice, 250-350 pounds, | 0T b, 11.85a12.85; 200-250 pounds, 12.00a | Duauesne Lighting 4125 19 d § 25 BiRk far i 13.20; 160-200 puunqs. 11.50a13.20; 130- E"“"E l‘:;l» (!l) 07'. '1‘31 11,:} . 1 3 &5 . 2 2N ; ! 00 o Bank 4132 quly 103630, 160 pounds, 11.15a12.90; 'packing sows, 507 108 ; s s :gn’%‘oll:nadi‘ }l)}lgs.imedlum to choice, 80~ ko fj };’}25"‘:“- Sou Pac 438 rots.. Sou Ry gen ¢s Sou Ry 68 66. Tex & Pac 58 B 1971 Third Ave ref 4s 60 Third Ave adj b Union Pac 1st 4s. .. Union Pacific 45 68 Un Pac 4%8 67 Virginia Ry 1st 6s. VaRy&Po6s...... Whbash 4%5'78 rcts Wabash 1stbs. '4 Miller Rub_ pfd. {Minne tion Keg, 11 Mohawk Hud Pow 1; Moh Hud P 2 pfd . 88% 88% 88% 15% 115% 115% 102 6819 6413 953 102 68% 64% Yo'a 8815 E8 970 974 9 105% 105% 105% 10 100% 100% 1007 91% Y1% 11024 1024 102! West Maryland 45, 27 80% S0 80W Western Md 6%s. 1 98% Western Pacific 5. { :?" ) 11inots Bell 1st 5s. g ntl Cement 68 48. . MILLS HEADS COMMITTEE. Laurence Mills has been elected chair- " | man of the executive committee of the board of directors of the Security Sav- ings & Commercial Bank, succeeding the late George H. Judd, it was learned to- 2 Gen Vend 6s... it 1 i 2 Georgia & Fla 65 A 5 5 | 86 Georgia Pow 55...... 98! i ONat Rub Mach. American . 1%y Nat Sug R N_J Corcoran Firemen's day. National ‘Mr. Mills has been a member of the board since 1922. He is publisher of the Postmaster's Advocate, and the Hotel Gazette, and is secretary of the Hotel Men's Association of this city. Shortly after the death of Mr. Judd, his son, George E. Judd, was added to the board of directors. L 5 6 eesss 10:! ] g e Ay B B Nirie €05 0% e ;;: {1 | FEDERAL LAND BANK BONDS. wriag G 28 ‘o poy oo § Special Dispatch to The Star. BOA. 1450 U Sy 80 TITLE INSURANCE. Columbia Title....... Real Estate Title.. Title & Inv. Co of Md. Wash. Cons. Title pfd. . MISCELLANEOU:! Barber & Ross, Inc.. com. Chevy Chase Dairy ofd.. Chestnut Fanns Dairy com Chestnut Farms Dairy pfd Commercial Natl. Co. pfd D. C_Paper Mf¢. ptd District, Nat. Sy ot | ‘com. ot 10512 | N Y Edison 6s 44 951, 30 10815 | Continental Trust Co. 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts Acceptance Credits Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Checques Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts . TR e Administrator, Executor 13 Mor Bk Venetian 7s A 90 © 90~ 90 . T Munt“Medellin 8s. ... 105 108 103 Safe Deposit Boxes 1y 93 " ¢ 5 Munt Medellin Continental Trust Co. 14th and H Streets WADE H. COOPER, President Capital, $1,000,000.00 io7 NEW YORK. Sep! Land Bank 4s May Land Bank 4s Nov. 1957.37. N Bank 4145 Jan 1957-37.00 987. 987a 8% 297y an pfd Moaotype. % Trans. & Storage Ierch. Trans. & Stor. pf Mergenthaler Linotype.. Nat'l Mtge. & Inv. pfd Druz Stores ofd. Becurity Storage ... ... Grocers Co. pfd. % Whrs. Corp... c. Hall pfd Lanston Merci ro. 55 16 4Pac G & 100 Cattle—Receipts, 2,000 head; calves, | Gulf 01l of Fa. 5] i ! LI nn BT 08B foz 102 £ di2k Jany R3S 100 1,000 head; all grades and classes i . Store ¥ 9 ol ;2:::::;: }gxz: around steady; choice steers and year- = g Bank 4315 Juiy 1nsdonsd. 10030 lings, 17.75a17.90; slaughter classes, Bank 2% Maw 194108317 Tooas steers, good an choice, 1,300a1,500 pounds, 15.40a18. 1,100-1,300 pounds, 15.40a18.25; 950-1,100 pounds, 15.40a 18.10; common and medium, 850 pounds up, 9.25a15.40; fed yearlings, good and | Unio choice, 1750-950 pounds, 15.50a18.00; heifers, good and choice, 850 pounds down, 14.35a17.50; common and me- 8.65a14.60; cows, good and choice, .25; common and medium, 7.65a 9.25; low cutter and cutter, 6.15a7.65; bulls, good and choice (beef), 9.50a 11.00; cutter to medium, 7.00a9.50; vealers (milk fed), good and choice, 1 Bldg. Corp ; 104 : Oregon Short Line 4s 1920 Lothrop bfd SRR Pure Oil Cori Shell Union 01l Co Sou. Pac. R | Standard oIl N L St. L., Ir M Ry. 4s 1920 551947 Co 6 Buenos Aires Ts '52 8 Col Priv B 50,8 5 Danish Cons 5s..... 2 Danish_Con 5 Schulte R'Est 6 1005 1002 5 Schulte s i 1003 6 Schulte R Est 65 - . crvel Co Del 55. 1Shawsheen 4 Sloss 8h 63 P.. ow Sec pratt_& L S6Pug S P & L........ 9 iy Pug S P & Lpfd; . 2 Pyrene M 1 Rainbow Luminoy 15 Ray Bestos. 1Rich Rad.... 1Rich R Con pid 2 Ross G i Co. 53 1035 Smelting Co_ 5! s 1938 Western Electric Co. 85_1944 Westinghouss E._ & M, 55 1946 Wheeling Steel Corp. 5'.% 1948 BONDS Skelly Oll 53%s. South Bell Tel 5s. Southwest Bell 5. Stand Ol N J 65 46 SugarEstOriente?s TennElecPow 6547 7 106' 106% 106% United Drug6s63. 16 96 957 957 U S Rub 1st rf bs. % 88% |17.50a18.50; medium, 14.25a17.50; cull 4 101% 101% 101 jand common, 8.50a14.25; stocker and 4 107% 107 107% | feeder steers, good and choice (all 8 101% 100% 100% | weights), 11.75a14.00; common and me- 13 99% 99 99 |dium, 9.35a11.85. 4 8Ts 87 87 Sheep—Receipts, 15,000 head; fat 4106 106 106 |lambs unusually active; unevenly strong 4 1024 10215 | to 25 higher; most upturn on natives; Westinghou! 2104 104 104 |sheep steady; feeding lambs strong: Willys-Ov 6%4833. 10 1023 102 102 | lambs, good and choice, 92 pounds |{ondon. pound Wilson & Co 1st 6s. 44 101! 1' | down, 14.50a15.75; medium, 13.00a14.50; | p; franc WinRepeatAr 7%s. 1 107' 107% 107' | cull and common, 9.00a13.00; ewes, me- Yogstn S&T 6s wi. 14 100% 100% 100° | dium to choice, 150 pounds down, 4.25a AD. 7.25; cull and common, 1.7585.25; feeder AN, lambs, good and choice, 13.65a14.50. Atchison gen ds... 12 At1&Dan2d 4s48. 5 Atlantic C L 1st 4s. AtlantioC Licl 4 American lumber is now belng used’ B & O Gold 4 PRS- rv—— 1 -1 X} 1 — e TREASURY CEBTiFIdATES. (Reported by J. & W. Seligman & Co.) Bid ofter, 9919-32 99 22-33 99 26-32 99 20-32 9911-32 99 15-32 992 99 24-32 Army-Navy Club s Cosmos Club 4725 City Ciub Metropolitan Club 4728 STOCKS. Anacostia_Bank... Chapin Sacks, . Chapin Sacks 7% pfd, Chapin-Sacks 8% pifd Connecticut Pie Co. . Chr. Heurich Brewery Department Bank . ... District. Title Ins. Co FPranklin National Bank Miller Train Control. Munsey Trust Co. . North Capital Savines Bank k 13 102% 102% 102% 5 99 99 99 13 Senltary, Grocery. 13 Schiff Co . 2 Real ‘Est.... Mar. 15, 193 1 Bchulte 3125 Seor s Sep 3138 Dec. FOREIGN EXCHANGE. (Quotations furnishea by W. 8. Hibbs & Co.) Nominal gold Selling checks value (or par).” _toda: L..54.8605° 84.84 “odani ‘1390 on Tie ; 1Lombard Elec s A. IMans M & S 75 '41.. 6 Minas Geraes 6135 e 34 arner Sug 78 39. . Warner Sug 78 41.. Wi t inz: Bank, izton Title Tos. Co zlon Base Bai Woodridge-Langdon S SILVER QUOTATIONS. NEW YORK. September 7 (#).—Bar silver, 5735, Mexican dollars, 48%. w 55 A Quinian 65 . 4Southern Ice & 3 Southw Strs rs Spald A haiands. FOREIGN BONDS. 8 Agri Mor Ba 75 '46 1 Akershus 58 en 94 6915 96 91 9213 954 9% 70 = - Vienna!_ sciuling 9613| In some cities of California, notably | prague. crown (nom.) : 91 | Los Angeles, Mexicans have supplanted [ War: 9215 all other races in railway construction 985 and strect LDprovement Works _ .. . or 78 A WW Stl Wks 6'z8 A. 081y 20 9 28 2 i onnp 35 005 1004