Evening Star Newspaper, September 8, 1928, Page 24

24 BANKS MAY CLOSE SATURDAY NIGATS Movement Reported to Be Gaining Favor in D. C. Financial Circles. The movement for all-year closing of Washington banks on Satur has gained much headway in the few days, with prospects today, accor ing to some bank ers in close touch tith the situation, that agreement will be reached. among at least all insti- tutions in the downtown retail area The lateat velopm-=nt took place last mght when the board of directors _of the Eank of Commerce & Savings decided to join the move- ment to close. pro- t de- FINANCIAL | Abitibt Power(4 Abitibi Po Abr&sStr Adams Air Reduetn(2). Ajax Rubber. Alaska Junea. . Albany Papri2) Alhied Chem. Allis-Cl Amers {amaA LAm A | Am | am Am (T Am Br Shiil6i) i Lo (800) .. ER(D) r Pow Am Chicl Am Dri | Am Ene Am Internatic Am Lakr&Koar Am Linseed. . Am Locomot (8) vided other banks would do likewise. gugene E. Thompson Two institutions. | Mount Vernon Savings Bank and Security, Savings & Commercial, recently decided to remain closed on | Saturday nichts the year round. i pective of the action taken by other | < of the city ! Gradually other institutions have | been swinging into line on the idca of getting all the institutions together to! remain closed on Saturday nights, at| least in the so-called downtown com- | mercial area, . One well known bank | president predicted today that the movement would succeed, and that when the first of next month comes. at the conclusion of the Summer Saturday night closing. none of the banks. at least downtown. will return to the old system Financing Plan Adopted. i Announcing that Third Liberty 4‘4‘ bonds which already had been surren- dered to the Treasury for pavment on| redemption date September 15, ht be exchanged for the new gov- ment offering of nine months 4'. | ificates of indebtednoss, the Treasury | artment last night announced. as exclusively predicted in this column v terday. that such exchanses catid bel made by filing application through the | same agency used In urrendeving the | thirds for payment. A ¥ Warning was issued, how in al formal statement that subseription hooks | might be closed shortly, and only those | eoplications for exchange would be hon- | ored which were received before the closing of the subscription book: Two other classes of inv who wish to exchange Thir not yet surrendered for the new certiii- cates, and those who wish to buy thej new offering for cash, were also warned ; that the books “for this issue may close within a few days without further no-| » Subscriptions, thercfore, the ¢ statement said, should be cn- t the earliest possible oppor- the m Am Ma am Loco pf7) yi1). Am Metalsi3). Am P& L5, Am Po& L pf(6) Am Ry Ex( Am ltenublic A [ Am seatin Am Am Am Am Stl Fy Am Sugar Am Am Sumatra. Am Tel & Tel Am Tobacco Am Tobacec Am Typel’ Am Type pfi7). AmWW&isicen) Am Woolen. Am Woolen Am Wi Pa ptefs Am 7 ; Am Zine pf. nda (4) -Dan(d). A Dan ris. Arch-Dan pfei) Armourbel pri Armour, HI(A). Armour, 111 Armou Arnold Asso Dry G2l Asso 0il(2). Atehisent10). At Coust Lei10) AUGUIT & WL, At Gulf pf( alto & O Bambgr pf (6 ang & Ar ankol view of the fact that Third Lib- Il erty Loan bonds will mature on Scptem- | ber 15.” said the statement, *holders of | such bonds may have gained the erro- necus impression that they wiil have: until that date to ma Best & ethl teth Steel pf(7) Bon Ami Add). . Xe ithe exchale: | fonin et o oth Fisheries but, as above stated. the subscription | ;grien Ailkis booke will be open for only a limited | jiocion & M: period, possibly a few days, and any ap- Dlications received after the closing of the books will be rejected.” In its origi- nal announcement the Treasury said all exchang=s would be allotted in full. Thompson Congratulated. Eugene E. Thompson, senior partner of Crane, Parris & Co.. which now oc- cupies ite own new home on Washing- ton's “Wall street.” has celebrated the, week not only by receiving many con- | gratulations and haskets of flowers at | His new office, hut also by contributing | substantially to_the increased Fall ac-| tivity of the Washington Stock Ex- change, of which he has been presi- dent several tim~s. Mr. Thompson was largely responsible for the big day ureday on the exchangs, which is} believed to be the largest s0 far this current year. Money In Circulation. | Burrou; Gotany Mills(A) s MfzFCo Brochwy Mot(4) ancd).. ownsShoe( Brunswick | Brunswick Ter. Bueyrus(1) Bucyrus ev( Bush T Butte Cop & 7 Butte & S Butterick Co. Ryer & Co By-Prod(i j Callf Packz(4). « Hanan Zin Alumet&Are6). N 1910, 1 160 110 THE EV EW YORK STOCK EXCHANG NG STAR, WASHINGTON, (o] SATURDAY, SEPTEMBER 8. 1928 FINANC IAL. 0. 0, SATYRDAY,: (SHECHMBRR, 8010985 . o oL cPINGNBRR A Received by Private Wire Direct to The Star Office. Open. High. Low. Close. { '; | Fletschmann(3) Fox Film A(4).. Freeport (16% abriel Snub A, dner Motor. Am Tnko4) 89 89 1n: Cable. ..... Gen Cahle A4). Gien Cizarsi4).. A1 Gen dce Crm 1"+ Gen Mot P2 Gen Mot pfaT) Gen Vutdr Ad(4) noutdrad n Ry 5 - Refracds). . Hette ¥ ) Glidden (rizght 12 | Gold Dusty T Goodrich4) i 103 st ! 12 i 1 103 HRY Ay 1095 1200 1% T0ex 1 07 10 T 107 43 109% Gothm pf exw Gould Couple { Graham- 1% 1201 Bt 1% 115 98t ] G 18 148 4T AT KT% K8 10315 10, 1% 145 s 13 4 “ KTl 88 1031y 10 121 6815 ad Un pt Gro North pf ecne Canatd) Wanamo Su, Gult Mo & | Gule States st Hacknsk W11y | Hack pf A1) HamiltnWplos) Hanna 1st pt Hartion By 2 Havana LGu 1074 1079 107, OIST 182 110 61 16 a0, 110 [ G0 ol | Hudson Mot i Hupp Mot (£2) Hlinots Cen(7). Indep O . ™ Indian Refining. L tudian 13 114 110 RN, 1 S8 Intered Iuternat Agri, IntAg Chopf (7). Int Bus Ma(5). Int Cement (4 It Com 13 P int1arvaie). Int Mteb pf Int Mer Marine. Int Mer Mar pf, It Nickel (2). .. Int Nickel (1<), Int Paper240). 1t Paper pf(7) In Pap pf efs(7) tnt Lty Cent Am. Int Ity CA pf(5) it Salt < int Iutertype (1133) Istand Creek(4) Lubber 1900 1940 1911 1698 16 [T . 109 109 800 £00 Jewel Tea(d). .. Johus-Many (3) Kan City South, Kayser J(3), Keith-Albes Kelly-Spring. .. Kels Hayes(2) Kels Wh pf(7) Kraftegl%).... Kroger Groiel) ambert Co (16) Les Tire & Rub. Lehn & Fink( Ll & Myrs 18 Lima Loca Liq ¢ 161 1 100 101, 44 a2y 111 1084 kil it 100 424 109 | 73 Loose- W (160). ! Lorilla 10274 | Louista 11t 114 62 6 1 3 3% 141 st ey WAy 106 S0ta 1 W 104 e 101, 10 100 1100, S0t 81, Gt Wity St1y 54 1o st 415 a0 811y sS4 110 8o a4 a0y a8y 83 10 S 4300 K1 21 i B8 1000, 100 97 7 1197y 11974 “ 6 16 [N 241 24% g |8 G | 21y iy T 9y Yo Sy 1 N, 29, 1o 1o 4in 81 Uxt, a4 83 (31N 69 28 BE1y 194 6114 9% 2nty 1 108 91, 9%, 10 108 108 108 1970 [N 91 Wy 4 Pathe Ex... Pathe Ex(A). ., Patino M(2.92) . 1'eerless Motor. Penick & Ford. . un C&Coke. .. snu Dixie Cit. 1enn R R (3% ). People's (Tas(X) | Pere Mara(i8) ! & 1. [y tx8 132 nsPeiil Phoenix pf(7). Plerce-Arrow. Plerce-Atrow pf liverce Ol ... . Irierce Oil pf . Pierce Potrolm. Pillsbury (12.10) | s . 4 42, USRI W L Portolie Postal T&C pf 7 fu & Pefinrs iucers It pt dliman Co(4). e Uil (ile) . i fo Purity Radio Corp. .. .. ding ity (4). 15 1) & Co wins oL 0 Mot P& S, Lteynolds Spngs. chtield Oil ssla Ins (i) . Al D 1b Air Line. .. bAIrLpf... 20) s Pete. . ir ol kelly Oil¢ Sloss-Sh pr South 1. South 1t & B8%). 1 G & 1S prat), SO Calzy). . SWOUNS (115 WOHNY (1 60). d Plate Glass. tanley Co. Stdsant’tocl 68) Stewurt Strom Car( Studebaker (5) ubtiarine Boat uperior Ol B N0, Tenn Copper(1). foxas Corpn(s). ‘exas Gulf Sul( Texus & Pacii) Tex I'ac C & Il 'ex L Tronew) cher Mfg. cher pf 3.6 'he Kair(2.40), Mhid Avenue. . omp J K3 60) dewuter AsUI TIdWASOIPL(6) Midewanter U1l 80 Tide W Oil pred) N 293, “org 997 1oLy Prod A7) 1120 111 e & W) Twin Udwd Un La Un il ¢ Uunion 1% | Augu: TRADING IN STOCKS !New High Records Made. Price Movement Is Un- even and Irregular. l BY GEORGE T. | Special Dispateh to The Star. NEW YORK, September 8--Stocks vere turned over in enormous volam: but, while many new high ree s were established, the market as whole made no real progress. ‘The hi ding up process in one quarter was t by realizing in another and the net 1 uneven and irregular, bud xcited, price movement. Fluctuations in some of the leading Is were very wide. Radio, for . dropping a point between sale was off over 6 points. On U side of advance were theat s hich jumped around in dizzy fashic Fox Film Keith-Albee-Orpheunt and the Warner Brothers stocks went to new pe Fox Film “A" added 5 points to its gain of more than 6 points in the preceding session. — Warner Brothers “A” jumped 8 points to 130. Others in the group participated more or I instanc Motors Under Pressure. General Motors was _under pres most of the time, dropping to 202, where it was off 3 points, but while selling was going on here Timken Roller Bear- ing was ringing up to a new top above 142, Gardner Motors had an advance, spectacular for so low pri the excuse for which was the announce- ment that the com 1 to enter the airpla tively boi Armour “A U. S. Sicel had to absorb large offer- . which checked the advance. higher but came off later on. Rai did little one way or the other. \ding the irregularity, the nervous. Probably the ad: ¢ in U. S. Rubber was due to huy- g by the bear stock in which there was a short t. matter how much justified by the trade situation, found pienty of support. Ticker Aga The ticker ran 20 minutes behind. as difficult to tell from the tape 1 the market on the floor \cing or d What was real 1y going on was U between pro- fessional profit taking and new buying by oulside Somethimes one would gt the upper hand and sometimes the other. iefls Wall Street. Bri Pittsburgh district holds at the high point of the year, after failing to show onal dujlness in July and August. n. Steel mull operations continue at 85 per cent of capacity. Production of pipe wills has expanded on activity in Cali- tornia oil ficlds und laying of new pipe i The volume of new bond offerings < expanded to $54,424,000, pares with $9,700,000 the previous Kk and $47,119,000 a year ago. ales of Kroger Grocery & now - op ing more th s, amounted o $1 for ecight months ended August > n in- se of $20,420.908 over the previous Baking 4,300 tistactory _year for the was foreeast by Lee dent of the company, He said he believed asonably priced pro- A highly Shubert enterp! J. Shubert, pre back from Europe. the future of the re duction had been lished. Sales of S. 1L Kl months this year move 043, from $31981,003 Crory Stores reported $23 the cight months, againsi the sume period last ye Warner Bros.' Pictures carned about hall & million dollars in August, carry- ing net income for the tiseal year ended beyond 000,000 after all nd taxe Net income for the was only [ 1927, CONTINUES HEAVY Demand for most steel products in the | tisfactorily estab- | INCREASED MARKET AGTIVITY 1S SHOWN D. C. Wholesalers Report Re- viewal of Business on Larger Scale. Increased activity among wholes foodstulfs this week was heartily comed by de who have experi- Summer trade of inactivity. arly in the Summer, yrding to business has been dragsy, unexpected. ¢ would tionists in w enc conditi it was felv th with the return Labor L the ¢l of v after ige has come, business has it and dealers I handled of foodstulfs this 3 rices of 1y fruits and ave immense week. commodities, more esp vegetables, affected by the storm, been registered. Interest in Tomato Crop. Much intercst has been displayed in | the ton o crop. Not only for the cu rent trade, but in the matter of can- ning for the trade the coming Winter. | It is reported lhnl\ are payhlgi his mer ng the n than for-; probability of increased prices during the coming Winter season. The season for cantaloupes from the nearby country is practically over, ac- cording to dealers, although a few small shipments are being received. Peaches and apples continue plentiful, much of the fruit being in the show class Continued firm conditions of the but- ter, egg and meat markets are reported prices not having dropped during the week. Retailers were on hand early this morning to get first pick of commodities for their week end trade. Today's Wholesale Prices. Butter—Onc-pound prints, 50a51; tub, Spring _chickens, lal a | 33a34; small, : ssed—Turkeys, mall, ; lamb, 25228: pork_loin, ed hams, 26a2! Local merch Florida friut and vegetable cultiv are anticipating good crops the ap- | proaching season. ~Growers have about recovered from the effects of the severe storms last season. Due to the wash- | ing away of acre after acre of plants | in the sirawberry growing section, it is stated, much replanting was neecssary. | to have replanted 200 acres. Plants sct out since the storm did | s0 much d: reported to be do- ing well, and large crops are antici- | The first of the berries should | the 1o out the | nksgiving holi according | d the condition of the| sts the probability | o are anticipating good | crops of oranges and grapefruit. The | pefruit is well advanced, it is stated, | ome of it might be gathered and | shipped at this time were it not for the | State law prohibiting the shipping of | undeveloped fruit from the State. Cites Legal Requirements. “1t 15 required by law that the fruit must_cor and acid before it can be sold,” said a | local merehant interested in the'grape- fruit industry in the Palmetto State. “None of the woody fruit is permitted ! to be shipped,” he added. “Much of the | Florida fruit already is better than the | fruit coming from Porto Rico, but not { until it is fit to cat will any of it be sent | | out of the State. Choice grapefruit from | there should be on the market in an | » had most attractive di s 1o offer the retail trade. are still being offered the many of them coming from | [ the past three da | mostly One grower near Palmetto is reported | ¢ affect them. Recent information from the West is to the effect that turkeys put in storage last December are bring- ing high prices. Local dealers this morning quoted live turkeys at 30 cents, dressed stock selling at 40 and 42 cents. The chief demand for turkeys at this season is for hotel trade, and the demand, it is stated, is not_heavy. This week's northeast storm played havoe with the fishing industry, lessen- catches and sending prices upward. w oysters were reccived at Municipal Fish Market this week, chiefly from i\'ux‘(ulk, few being received from West tiver, Hard Crabs Plentiful. In past years efforts were made by | oystermen “along the lower Potomac, especially in the vicinity of Blackistone Island, to have a cargo of the bivalves at Municipal Fish Market September 1 opening of the oyster season, but this custom has been abandoned. Only bar- rel stock is received early in the season. Hard crabs were especially plentiful carly in the week, soft crabs were not scarce and there was an abundant supply of the three grades of crabmeat, some sclling as low as 25 cents a pound. Rockfish, plentiful and cheap a week ago, have become scarce and higher, dcalers quoting them at 30 cents a pound yesterday. Other varieties of fish, including spots, perch, croakers, trout and bluefish also became scarce and higher. Dealers are anticipating large crops of vegetables from Florida the coming Winter season, reports of heavy plant- ing already having been received. Seed | lima beans and seed for stringless beans were recently shipped to Florida from this city, the former costing 60 and 70 cents a quart and the latter bushel ather high dealer intere: prices,” loc ed in farming in Florid: Haulers and sellers on of the tomato market has been reached for this season, fearing this week will so seriously the late crop will not be heavy. willingly admit, however, that they may be in error. Prices of tomatocs most of the sea- been much higher Growers e able to get $3 and $4 a bushel for | two. five. son, it is than during ordina wel them for a longer period than usual ated, have v easons. They finally became plentiful and were offcred as low as 50 cents a 2-peck basket for choice stock to 25 cents a basket for culls. Pr Cucumbers, peppers, onions and other $14 l' remarked a the country line are of the opinion that the peak rains that They | ¢ cy adopted by es again advanced | There will be more than one billio; |FOREIGN AIRPLANE SERVICES EXTENDED Value of Passenger-Carrying Lines Has Been Shown in Europe. BY JOHN F. SINCLAIR. Special Dispatch to The Star and the North American Newspaper Alll NEW YORK, September 8—It is hard to compare the problems of air transportation in the United States with | those of Europe. Europe is a country |of small nations. The large cities are fairly close together, and the nations are thickly settled. American tourist trade since the war has been of great help in Europe's pas- senger service. One can go from London to Paris in a couple of hours, and from Berlin or Paris the journey to any important city in Europe, except those in Russia, takes only a few hours. Australia is of more interest in its air transportation to the United States and Canada, because of the long haul and its more sparsely settled country. Aus- tralia has now made arrangements for a weekly air transcontinental service from Perth to Adelaide, 1,500 miles. The passenger fare will be $90. Eour powerful airplanes made in Eng- tand, each capable of carrying 14 pas- sengers, will be used. The planes are similar tc those used between London and Paris. Each machine will cost an- proximately $45.000, and will be equip- ped with three 450 horsepower engines ‘The Australian government is assisting in_some of the expen: involved. In countries where railroads do not directly conect the leading cities, air- planes are invaluable. 1 The first notes of the new and smaller o United States ment. and already ed at the Bureau of Engraving. will be a dis novelty. for the United States had changed the size of the currency in & aeneration. The new forms include one, ten, twenty, fifty and one hundred. five hundred and one thousand dollar notes. It will be a year or two before all of them reach the publ | _The first ones run off were doliar bills. new | bank notes, and the dollar bills wiil | constitute more than one-half of then. vegetables used for pickling purposss | (Copyrizht. 1928. by North American News- have been fairly plentiful this week. The small bunch peppers al still_are plentiful pickling purposes offered the trade. Potato Prices Advance. n_ to) already 0es Potato prices made a slight advance this week, country stock sclling at $2 nd $2.50. Moderate supplies of the vegetable from the East Shore Mary- and and East Shore Virginia were quoted at $2.10 and $2.25 yesterday. around $2.15. Only ‘moderate supplies of sweet potatoes met a slow demand that weakened the market. _ Light supplies of onions and more | liberai supplies of spinach were received during the week. Cabbage recepits were more liberal. Prices of corn 'have kept y well throughout the week, getting much as 35 to 40 g tock. tinue scar the beetle the ma beans the stringles ricty were blighted from some other sour Stringless beans : brought from $2.25 to $3 a bushel ng done much harm to itly higher prices were charged ots and beets the past few days. Moderate receipts of eggplants from nearby and peas from Idaho were re- ported. A fairly good demand for pea was registered, prices ranging from $4 to $4.50 being quoted. Lettuce and celery have become more plentiful, and dealers have received fairly large shipments of |'both green and red peppers Nearly 200,000 crates of grapefruit ain certain amounts of sugar ' will be raised in the little Isle of Plnes‘l 816 15tu St. N.W. this year. have been and for being 1d stringless beans con- | and high, growers report | While some of those of | er Alliance.) SEES OIL INDUSPRY‘GAIN NEW YORK. September 8 ().—J. | A. MofTett, vice dent of Sthndard | 0il Co. of New Jersey. returning from Europe, sces a promising outlook for | improvement in the oil industry. There | were indications that prices wouid reach a more satisfactory level, he said, and that overproduction would be properly curtailed by conservative meas- | ures. The oil sitnation in Evrope was | better than in some time 2nd the mn- | dustry in general was working in har- mony. Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. | Joseph 1. Weller 3 W5 ¥ § Tt Meortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representine Mutnal Benefit Life Ins. Co 1520 K Street Main 475 “We close at $:30 p.m. until Sept $th" | WE FINANCE —all classes of income-producing oroperts Large Loans a Specialty [l current interest rate ang commisston Higbie & Ri~hardson, Inc. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the and adjacent S and Prince Geo District of Columbia urbs of Montgomery rges Counties, Md. { Catume The total money in circulation in the | gy, g Heclac2) 315 | Louist Doited States at the end of July closel¥ | GunlryGAle(3) % Lol wded A approached the lowest point since the | Gy paciile10) AL Union T Utd Biseuit | Utd Cigar St(1). ver sections of Maryland and | a, while others are fro mthe Eas Shore ‘ | McCrory A( . ern Pining of 1023, according o the| connon Mills. .. | ; '\Z“reasurygcircu)annn statement. During | the Summer period, May, June and | the total stock of money in the| try has hovered at the lowest point | in more than two years. H The small amount of money in circu- | lation has been brought about by two| main causes, officials believe. First, high prevailing interest rates have caused a duction of idle money, such as money eld in vaults and safes. The banks‘ have used as much as possible to pay off their indebtedness to the Federal Feserve system, and institutions other than banks have reduced their idle funds o the lowest possible point by ! deposits_and loans. Such money has | eventually found its way to the reserve banks, and there out of circulation. Reserves of the system on August 27 reached their highest point since May 31 A second count: son is the flow of United | States money back from Europe, fol-| stabilization in the European | While currency there was | ting and unstable, much of | States money was held and the only stable unit. Now | ha ization has been achi there is no longer need for this practic and the money is finding its way in the reserve banks. Heard in Financial District. John D. Leonard. vice president and treasurer of the Washington Savings B s spending his vacation at his | country home, near Frederick, Md. i George M. Ferris, resident manager | of the Washington office of S. W. Straus & Co. and Herbert M. Oshorn are | attending a conference in the New York home office Ernsst Ger: the Merchan nager of to | enberg, vice president of Bank & Trust Co. and | its branch at Twentieth Jvania aver has | + vacation motoring rough New Jersey. Harvey J. Donoghue, treasurer of the Merchants’ Bank & Trust Co., has re- turned from his vacation motor trip. John M. Riordan, executive vice president of the Bank of Commerce & S2vings, is expected to return Monday from a three-week vacation in Canada. Albert S. Gatley, executive vice pr gent of the Lincoln National Bank expected to return Monday from va tion in Old Orchard, Me. Frank B. Harmon, jr., vice president of the Merchants' Bank & Trust Co., is on vacation at Monterey, P; T. C. Montgomery of Wagga Brawner has returned from a tro through the Carolinas. F. B. Pryor of Waggaman & Brawner s on a busmness and pleasure trip to lahoma and XA bert V. Fleming, president of Riggs 2 1 Bank and president of the District of Columbia Bankers' Associ- ation, s expected 1o return Monday from his vacation at Ocean City, N. J. LEAD STOCKS REPORT. NEW YORK. Seplember 8 (. Stocks of lead in the United States and Mexice on August | were 158919 tons @gainst 163,709 on July 1 and 5 on June 1. the American Bure Metal statistics reports. Receipts of lead in ore by United States and Mexi- can smelters in July totaled 72,771 short tons, against 73,206 in June. 1€ th man & motor now a popula- The Philippines hav ticn of 12,000,000, Case Threshz (6 Cent Alloy(2).. Cen Ry NJ(712) Cerro de 1'as(5) Certain-Teed (4) Chandler-Clev. . Chandler-Cl pf. C & O Corpn(3). Chi & Alton.... Chi & Alton pf.. 'hl Great West. Chi Gt West pf. Chi M1 & St P.. Chi Mil & StP pf Chi & Nwn(4).. Chi Pne Tool(6) Chi R1&Pac(6) . Chi Yel 3). Chickasha ( Childs Chile Co Chryslerd City StBb5 Cluett-Peabi) . Collins & Aikmn | Col Fuel & tron Col ( Cot A (6) Comln 60) Com Inv (war). Com Solventsi§) Com L'owr(i3) o Consol ¢ Con Film pf Consol Gasth). ConsolGas pf(5) ConiziiCuba pf 6 > ainer A 1.20 wainer B e, Cont Baking A.. Cont king B.. Cont Btak pf(s). nib).. Cont Insureé). . Sont Mont (80c)® o Coty Ine( Crueible St ¢ Lentims. DeeresCo pfi1) Del & Hudid) Den 1G Wn pf. Dodge tiros A. . Dome Mines(1). Drug neit). | Dbt int#). Dupont (113 50) Kastman(18)... Gaton Axled seniohr& tinzon £ Slec Auto Li4). | Kitectric Boat. .. i i HerPow& L(1 nd Johnis). .. ineers Pub S Fairbanks(3). . FedLizht(h140) Fed MotTif80c) Fidelity-Phoenx Fifth Ave(6de). First NatS(1%) Fisk Rubber | McCrory 6(2). . & 1, | McKeespt Tin P 1 811 | Mack Truek(6). 90 —-.y,\lm ey (R ) 45 4pt, | Mad 0% 1o | M o N ] Man 1 3 | Man Elev £td(7) Man 11 m2g(d5) 11 | Man Shirt(2) | Maracaibo Oil, Marland O Mar-Rock 12% Martin-Pariy. Mathieson(6). Muy Dept S(4) Maytag(is). Maytag pt (3). Mengel Co. 1041, | Mexican Seab, w4ty Miami Cope1) Mid-Continent | Middle States. Mid States cuf: Midland pfet Miller Rubb Milwiaukee B1(6) | Mo Kan & Tex. . Mok X pfi7) Missourt Missourt Pa Mohawk C 621¢ Montgmry Wiib Moon Motor. Mother Lo3oe) Motor Meter A.. Motor P'rod (2). Motor Whi2) Mullins Mfg.. | Murray Corp. | Nasn Motrsc16) | Nat Acn ta). Nat Lelias Hess Natl Bise %). Nat Cash 1 A13) Nat 1 Nut Dept Stores Nat Distillers pt Nat Nat Leadtd).... Nat Pow& L) 104 1674 LEN a3t ¥6 Kiiy 118 120 122 103 B9 6 123 107 96, B3 102 10 192 sl It 07 1220, 7 105 1 2010 Bl 11y 110 2011, Nat Surety (10) Nat Teats)..... Novada C1%). N Y Air Br(d).. { Y Centrali¥). { Y C & StLe6). ¥ Dock. .. Y & Harlm(5) YN & H() N ¥ NH&U pf? N Y Ont&Westn N Y Stm pfe6) AT B10% 8O 1 pl(7) 125 RN 10 1 10t Tt | Norwalk Tis | o1 Wen Supnty. Suf.. Orpheam Cireuit | ous Klevi?) Onis Steel. ... otis St pr pf(7) Owens Boticid) vacific Gasi2).. Pacific LIght (3) Pac 11 Stubs. .. Packard Mo 14) Pac Tel & T(7). Pan-Am Petrolir Pan Amer Pet B Pan-Am Wn B.. Panhandle. ... Farmt-Fm(38). Park & T (13). Park Utah(80c). 100 1 1007 11 01101 197y 20 90 1ty 242 28 100 212 23 100 247 23 100 42 100 114, 1 164, 1250 o 15 214 278 a6 154 1230 61 T 10144 AN TEEN 20 w1101 N Tah TN 961, 101 s, B2l 53. 53 % e a1 B4t K3 B3 1% 847 Utd Cr SUPE(E) Ut Fruntcis %) U'S Distributing U S Hoftmun(4) . U S Alcohol(5). USTidAlcopf(7) U S Leather. US Leather A U S Realty (4).. U'S Rubber. U S Rub ist pf.. t3%) 201 120 a 15 5 1114l Ut P&l Ave). Vanadium(14) .. Van Raulte. Vick Chiem (4) Victor Talky (1) Va Caro Chem.. Va-Car Ch pfi3) Vivaudon Co Vulean Detin Vule Det pre?). . Wabasn . Waldor f(1 Walworth(l. Ward B Warner bBros Pie Warner PicA... Warner-Quiz).. Warren Bros(4) Warren F&I'ipe W Penn 131 A7) W Peun Kl pr7) 0) | West Duiry B8, West Marylund. West Pacific pf. West Union(s). Wesihse A Bi2) Westiug 1) Weston Blectrio White laxle2) White Motors(l White Sew Mach White SM pfi4) Willys Ove1.20) Wilson & Co.... Wilson & Co pf. Wilson Co pf A Woolwortt W [} Wright Ae Wrisleyisig).. Yellow Truck Younsstn Sh Dividend cutes a3 iven in thie abuve table are the Aunuwl cush vuyments bused on the Iatest QUATLelly or hali-ventiv declaratl * Unit of urading ‘ess thun 1 Pactly extia -t Plus 4% in stoc §3 1 prefeired stock 3 Plus | A Eaid (his vear cexuinr rate able I Stock ¢ Plis 4% 10 stock able when earned e Favable 1 Stack © T PIS_ 10% 1n stock & Plus 87 in stock. b Partly stock 0 Plus 20710 stock k Plus 1120 share auarterly 1n Stock. m Pavable 1/10 share teily 1o United Cikwi Slores common n Plus T i stoce ELECTRICAL TRADE REPORT. NEW YORK, September 8 (#).— Good business in_ele equipment con- tinues in most sections of the country, with the sales trend slightly upward in the Eastern district, the Middle W and Pacific Coast, Elcctrical World re- ports. Bu generally ahead of last year's levels. Sales of marine equipment and control apparatus are heavier than usual in the East. cash ot 1510 1510 1al'y a1 A a1 41 4l 4L 17 1% 17 1% 145 141 145 145 143% 144% B57a B67as BAly Bi'x 10% 10 0% 100 1510, 41 4% 177 Consolidated Dairy Sales. NEW YORK, September 8 (. Sales of Consolidaled Dairy Products Co for August rose to $212,613 from $97,998 in August, 1927, ¥ s in the Middle West is | Of natives BILLION-DOLLAR BANK PLANNED BY BROTHERS Special Dispateh 1o The Star. CHICAGO, September 8.—In creat- ing the first billion-dollar bank outside of New York City, the Reynolds broth- ers - George M. and Arthur—born in Jowa, and both former presidents of the Des Moines National Bank, have tuken the leading role. Arrangements contemplate the ~consolidation of the Continen! National Bank & Trust Co.,, the and the Illinois Merchants’ ‘Trusi . into an institution with _ $75,000,000 $900,000,000 deposits and total resources of $1,118,000,000 “This merger will round out the policy of the Reynolds brothers, which has been to do banking on a larger scale than bad previously been aitempted here. I'he two Tugene M the 1lling Reynolds brothers and s, now president of Merchants' Trust Co., sec- ond in s mong Chicago banks, will lold the three highest offices in the giant billion-dollar nstitution. In weld- The together so large a banking unit it has been the aim of the Reynolds brothers 1o S ¢ more efficiently the cexpanding_financial needs of Chicago and the Middle West. The new Continental tional Bank &, Trust C country’s st bank, e tional City Bank of N has total of $1 58 the Chase York, with total assets of $1,103.000,000 on June 30, last, should erowd the Con- tinental Ilinois into third position, It is-understood that the Continental T1 linois will be the countr ban with operations all _conducted under one roof, the National City having sev- eral branches. CHICAGO LIVE STOCK MARKET CHICAGO, September 8 (P).— (United Illinols Na- will be the ept the York, which .000,000, un- 000 head; market stroug o s average: Lop. a_ short load of cholce Shippers took 800; D00 butehers, me- 1 tha : id for around 200 pounds estimated holdo dium to_choice, 129 200 pounds, 11 13,000 1z sows, 10.85011.75 U medium to choice, 90-130° pounds, 500 head; compared with a we d steers and yearlings 26-75 hig i choice weighty steers up lower grades showing less ad- shipping demand — continued fat cows and heifers strong (o - cows and cutle -00 higher rong to 25 higher. 500 head; odd lots y: desirable kinds 15.00a1% : for the week, 179 from feeding stations, 8900 di- lambs closing 25050 higher: feeding lambs in 5 up: ‘Top prices for around double rect; sheep” about stead: active demand, 15a: the week: Fal range lambs, 15.75; na- tives, 15.50; fat ewes, 7.25; range feed- ing lambs, 14.40. Bulk prices for the week: Western lambs, slaughter, 15.00a 15.65; natives, throwouts, 10.50a11.50; yearlings, .12 fat ewes, 6.00a7.00; feeding lamBs, 13.00a14.00. capital, | ational Bank of New ; Department of Agriculture). Hogs | 5 and as high as 60 cents duri | week, The season for nearby cantaloupes is fast drawing to a close, receipts being | | light and quality of most of the fruit not ! | being so good. Rocky Fords, Colorado’s prize fruit, reached the market this week, possessing their accustomed sweet- ness and selling at prices in advance of the home-grown stock. Crates of a dozen cantaloupes brought $2 and $2.50. Persian melons, California product, are being received in larger quantities {and are in fairly good demand, the | price being the only obsiacle in the ay of largely increasing the demand. ers quoted them at $3 a box the T few days, the boxes containing | from 4 to 6 melons. Alligator Pears, “Alligator pears also would be fin | greater demand If prices would take a ! drop,” observed & wholesaler. “Pcople | in medorate circumstances do not feel | like paying 35 or 40 cents for one pear. | dn_they are cheap enough 1o | ed in salad form with 50-cent shipmeats_ of peaches from | Maryland and Virginia have been re- | ceived through the week. At times the | past two or three we the market vas fairly glutled with the popular fruit, good stock selling at as low as $1 | « bushel. Much show fruit, the peaches hpinsg[ ge and beautifully | tinted, was included among the receipts Prices the past two or three days sold around $1.75 and $2 for the average | lity fruit, the largest selling as high $3. It is possible that small ship- ments of cling peaches will be received boul the time the present crop becomes | shausted. exceptionally a light demand that made ihe murket Bushel baskets, as Ito size und qualily, have been selling | us low as 50 c nd as high as $1.75. s oderate medium to | and $3.50. mostly truit selling at $3. Receipts been rec | 0. from $1. edless variety of the fruit s $1 to $1 Sixteen-pound boxes of Italian prune product of California grow mand for eanning and pre quoted at $1 and $1 Light_receipts of fancy quinces, re- ceived from California shippers, 80 to 90 to the box, brought $2.25. Few hucklebe and blackberries.are being reccived, receipts being so small that re not quoted. Porto Rican s, California plums and as are other fruits dealers are ng the trade, Poultry dealers already are giving me_thought to the guestion of the anksgiving turkey market, It is en- tirely too soon to foreeast probable prices, according to dealers, but it is said there is every indication of a h market. Dealers hear that turkey raisers in some portions of nearby States are not raising their usually large num- ber of birds this season. < Weather conditions early in the Spring and Summer wers faverable to the hatching and starting the birds on their way to maturity, # {» stated by raisers, and the recent storms did not crving, were 5%2% . INTEREST Apply to H.L.RUST COMPANY LOAN CORRESPONDENT The PRUDENT! COMPANY 1001 15th Street N.W. The Light HE last star i little dipper IAL INSURANCE OF AMERICA Main 8100 of Polaris n the handle of the is Polaris, the North Star that has guided the mariners of many courses. you will see it as ago. For although tremendous speed Gaze tonight at Polaris ages on their true and it was forty years light travels at the of 186,000 miles per second, it has taken until now for the light of forty your eye. years ago to reach The light of forty years ago—fifty- nine years ago— record of Swartzel sey Company. Du of years th s reflected in the 1, Rheem and Hen- ring this long span s company has been offer- ing for investment First Mortgages secured on Washington property and during that time n o investor has ever lost a dollar of principal or interest. You, perhaps, have never invested in a First Mortgage note. case, let us explain how safe and how worry such investment is. If that is the to you how simple, free from care or You may start with as little as $100. Swartzell,Rheem & Hensey Co. Mortgage Barkers T27-15th. Street, N W. WashinglonDC. 59 Years Without Loss To An Investor.