Evening Star Newspaper, May 12, 1929, Page 79

FINANCIAL." BONDS ARE STEADY INHEAVY SELLING Converitble Group Shows Ef- fect of Profit-Taking.—U.S. Issues Firm. By the Associated Press. . NEW YORK, May 11.—The bond| market held fairly steady today after | the halt of the price decline brought about by a restoration of bullish confi- dence yesterday. Convertibles, however, were subject to week end profit taking and moved unevenely. The American I. G. Chem. ical 514s continued firm, but Interna tional Telephone 4!;s and Intern: tional Cement 5s, two of the week's| favorites, ran into selling orders. Trading as a whole was dull, the only activity of any importance being in the stock privilege issues. A weak spot was American Natural | Gas 6lgs, with warrants, which dropped | | 3 points. | States Government obliga- tlons, responding to the week end ease- ment in the money market, again were firm on a light turnover. In the foreign list French 7s were in demand at slightly higher prices and & few German issues also were inclined to rally efter their recent weakness. Baltimore Markets Bpecial Dispatch to The Star. BALTIMORE, May 11.—The egg market continues steady to firm, despite fairly liberal receipts from native and nearby points and fluctuations the past week were very small, values declining half a cent a dozen the early part of the week, but the market firmed up again and closed today at 20, cents a dozen for firsts in free cases and 20 to 22 for current receipts. While oflel‘mgs on the exchange continue light a good consumptive demand pre- vails on the street and all desirable stock has cleaned up closely from day to day. While the packers are in the market they are not taking hold to any extent and rrampt shipments are advisable to realize this result as the consumptive trade is very critical at this time of the vear and ‘it takes first quality stock to bring '.oi values. The live poultry et continues firm under & fairly good demand for practically all lines especially large fat g;g vlvler:; wl';lz}; are lr; light receipt and advance of 1 to 3 pound over last week. e Poultry Prices. Colored Spring chickens, 114 poun and over, are bringing 40a45 a peund but smaller will not bring over 35a36, while Leghorns sell mostly 34a40, as to size; old hens, 3! pounds and over, meet with ready sale at 35236, but Leg- horns not so desirable and will not bring over 30a32; old roosters in ample supply and Tally slow sale at 18a 20. Most of the ducks arriving now are in poor condition and demand has eased off, only large, fat stock attract- ing aitention at 23a25, while poor, Lh\n dueks are neglected at 20. Under gen. erally light receipt market for Gulnel fowl and pigeons holds steady at 50a 110 each for the former and 35240 !I. &alr for both young and old of the T, The market for old white potatoes holds steady under a fairly good de- mand and it takes well graded No. 1 stack to bring top prices of 1.25a1.50 per 100 pounds, but McCormicks and yams continue light and market holds steady {for fln?' stock at 3.50a3.75 a barrel for the former and 3.50a4.00 a barrel for the latter. Over-large, rough, dark stock, however, not desirable and will not b over 2.0082.50 a barrel. While receipts of native and nearby garden truck continue to show an in- crease the demand is keeping pace anc the market holds steady on most lines at the following quotations: Beeu 6.00 27.00 per 100; cabbage, 75a1.25 hamper; kale, 30a60 ‘bushel; ).etl\ic;a 125-),'5 bulhe onions, 00; peas, 2.50a3.00 hamper,*uduhes. lBD‘Z 00 per 100; rhubarb, 2.0084.00 per 100, and spinach, 30a75 bush The market for Eastern Shore straw- berries holds firm under light recelpts and choice to fancy berries are bringing 25 to 30 a quart despite the fact North Carc'ina stock is selling 10 to 20 a quar.. Live Stock Market. The general live cattle market holds stes to firm under a fairly good de- mand, but it takes first quality stock to bring top values, and most of the arrivals on the warves are of common to ordinary cattle, which is slow sale at inside prices. Demand continues good for choice Spring lambs, and al though receipts have increased the past week prices hold steady except on rough, large calves, which have to be sold at a discount. Quotations today at Light Street Wharf: Beef cattle, first quality, pound, 113 to 12; common to medium, 8 to 10; bulls, as to quality, 7 to 9; cows, choice to fancy, 7 to 9; common to fair, 4 to 6; oxen, as to quality, 8 to 8.; calves, veal, choice, 15 to 1515; large, fat, 13% to 14; large, rough, 9% to 10; thin, 8 to 10; rough and common, 7 to 8; sheep, choice, 6 to 7; old bucks, 4 to 5; lambs, choice, 15 to 16; fair to good. 12 to 14; com- | mon, thin, 8 to 10; Spring lambs, 40 ' to 45 pounds, 15 to 18; hogs, straight, 10% to 11%; sows, 8 to 9; live pigs, 10 to 14; shoats, 10 to 12, HIGHER MONEY RATES PREDICTED IN FALL Bpecial Dispatch to The Star. NEW YORK, May 11.—Only by & substantial liquidation of the collateral loan account can the money situation be brought back to normal, according to the monthly review of economic conditions prepared by the National City Bank of New York, which notes that in the absence of such a reduc- tion, money rates may show an easier tendency for a time, but such easing can be only temporary and almost cer- tain to be followed by still higher rates in the Fall. The review of economic conditions, published by the bank, finds that April has been another record | breaking month for business, with manufacturing activity maintained at or near capacity levels. “While some {¢ are expressed that the pace is too rapid and will lead to reaction later,” the review says, “thus far there is little evidence of any con- ¥emnn of the markets such as might orecast recession. In general, busi- ness appears to be functioning smooth- ly and satisfactorily, and to be remark- ably free from most of the complica- tions, such as labor troubles, car shortage, price inflation and over pro- duction that usually crop out in pe- riods of largely expanded activity.” COCO EXCHANGE LARGEST, OF KIND IN WORLD': Special Dispatch to The Star. NEW YORK, May 11.—Although or- | ganized only three and a half years | ago the New York Cocoa Exchange, Inc., today is the most important of its kind in the world and is rapidly taking its place among the world leading commodity exchangss. There are two other cocoa exchanges of importance— in London and Liverpool. Combined volume of the latter, despite their longer existence, is considerably smaller than that of the New York exchange and their prices, hence, are influenced by trading on the New York exchange. In April, last, turnover on the New York Cocoa Exchange was 3,893 lots (30,000 pounds to a lot), an increase of 4 629 over the similar mony hs of 1928. Lib 31 1932-47.. Lib 1st 41,8 1932 1020 1 .105.0 1 US4%s1947-52.....109.2 1 FOREIGN. 985 Argentine 6s A '57. o 92% Australia 55 '65 103% 101% Austria 7s 43 99% 951 Bank of Chile 6% 100% 97" Bankof Chils 6% 1961 100% 98 Belgium 6s '55. 1151 112 Belgium 7%s" { 110 108 Relgium 8s'41. 91% &7 Bolivia 7sct ‘69 101 984 Bordeaux 6s'34 9615 911> Brazil 648 1926-57 109~ 105% Brazil 8s 41 105% 101% Canada 5s '5! 100% 99 Canada 5158 2 94 91'% Chile Republic 68 196 35 Ch’nese Govt Ry 5a ‘1. 8415 Colombia 6s 1961 Jan 94 Copenhagen 58 '52 111 109 Czechoslovak 101% 987 Denmiark 5% 104% 102 Denmark 6s '42. 103% 101% Dutch East Indi 101 101% Dutch East Indi 171 137 Fiat 7s'46 war. 101 9715 Finland 7s ‘50 108% 105's French 7s49. 115 109% French 108 105% German 90% 86 German Bank 6s 1938 87% 82 Greek 651968..... 95% Irish Free State 5: 94% Italy 78°51... 102% 99% Japanese 6148 '54. 99~ 98 Kreuger&Toll 5sct 22'5 17 Mexico 4s 1904-54 87% Milan 6155 ‘52 1(\7‘1 103 Netherlands 95~ 901 New South V 101% 88'\ Norway Blss. 1(»1 1081 88% 100% 92% 107 108% 99% 110% 99% . 103% 102 102% . 141 100% 108 <14 1064 88 86 7% 9674 . 100% ‘60, 93 Paris Orleans 51481968, . 85 100 154% 119 Pirelli Co of Ttaly 7s ‘52. 99~ 95% Poland 8s'50. 1047 102 Queensland s 47 113 107% Queensland 7s ‘41 104% 100 Rhinelbe T 931 &7'% Rhine Westphalia 6s" 107 105 Riode Janeiro8s'46..... 92 86 Rio Grande Do Sul 65 '68. 91% 88 Rome6l4s’52.. 108 1041 Sao Paulo State of 8§53 1081 102% Seine Dept of 7s 77 Serbs, Croats&S! 89 Serbs Croltl Slov . 108% . 103% . 984 . 108‘fi Xh‘ 104% 103 Utd Kingdom lm- 31 100 97 Uruguay 6s1%60.. 884 84% Vienna 6s 1952 85% S0 Warsaw 7s 1958 964 91% Yokohama 6s’61. MISCELI.ANEOUB. 120 107% Abram & StrausG3s’43.. 109 110% 98 Alleghany Cocv 5s'44... 102% 106 104 Am AgriChem 7%s'4 80 86 Am B 99 95% AmC 110% 95% Am1GChm 53651940, ... 111 101 Am International 51549 10 97 75% Am Natural Gas 6%s'42. 79 102 100 Am Sm & Ref 1st 55 '47... 100% 1047 100 Ain Sugar Ref 6s '37 108% 99% 99 Am Tel& Telcltr4s'29.. 995 142 131 Am Tel & Tel cv 4155 '39.. 1371 105% 101% Am Tel& Tels £ 1034 851: 81 Am Writ Pap 6s°47. 105% 103% Anaconda Cop 6s '53 104% 268 178 Anacondacvdeb 7s'38. 180 92% 89% Armour & Co 4%s'39. 91 921 90% Armour of Del 5%s ‘43, 91 102% 100 Atlantic Ref deb 5s'37 101 105% 103 Bell Tel (Pa) ref & 104 102 99 Beth Steel p m 55 36 1004 los'm 10215 Beth Steel s f 65 '48. 104% 68 Certain-teed 5%s 19 75 93% Chile Copper 65 °47 . 96 4 Colon Oil 68 '38 105% 97% Columbia G&E 994 105% 95 Comm Invest 53s's 96% 9814 91% Comm Investd 65% Con Coal (Md) 18t u( 64! 40.. 107 108% q East Cuba Sug 7%s'87... General Asphalt 6s1939.. xow General Cable %8 1947.. 99% 108% 100 Gen Motors 6s '37. 108% 106% Goodrich (B F) 634847 91 Goodyear Rubber 58 1957, 104 100% Hurble Ol & B 5148 '32.. 105 101% Indiana 8¢ 93 90% Inland St 118% 102 Inter Ce 98% 94 Inter Match 5847 102 99% Inter Mer Marine 961 89 Inter Paper 58 A 109% Inter Tel&T cv %48 2 Kendall 53 48 o8 ) 101% 104 92% 108% 98% 101% 92% 130% 934 110 101 108% 102% 6841 Loew's Inc 68 ex war 1941 Lorillard 514s '87. 93% Manati Sugar s £ 734842, 97 Midvale Steel 5s°36. 9915 Montana Power 55 1943. . 931, Nat Dairy Prod 54s 48.. 8! 70% Nat Radiator 6348 1947 107 104 New England Tel 52 115% 112% N Y Edison 1st 6 10; 102 7% 73 105'% 113% 9914 108% 98% Northern Stat 99 Pacific G 109% 102% 100% 96% Paramt-Fam-Lasky 68°47 99% 100 96% Philadelphia Co s 67 102 100 Phila&Read C&I 65 w! 93% 89% Philips Petrolm 5 881, Postai Tel & Cabl. 071; 172 Public Service 43484 95%4 93% Remington-Rand 5% 100 98 Sinclair Oil 6830 1034 101% Sinclair O1l 78 ‘37 97% 947 Sinclair Crude Oil 5% 96% 95 93 Sinclair Pipe Line 58 1942 93% 105% 101% Southwesn Bell Tel 68°54. 108% 108% 100% Stand OII N J bs. 102 100% 95% Stand OfIN Y 4% 98 90 Sugar EstOriente 58 nn 107 100% Tenn Copper 6s’44 B 104% 96 Transcon Oil 6%s '3 97% 941 United Drug 58 '53. 92% 88 U S Rubber 18t & re: 102% 100% U S Rubber 7 109': 107 U SSteelst s COTTON PRICES GAIN AT ACTIVE SESSION Market Absorbs Considerable Real- 108% Low. 97.81 99.10 99.15 97.11 97.18 01.10 04.14 08.12 108 87 92 108 103 99% 92% 38 87 95% 105% 99% 10314 102 102 1394 994 107% 111% 1 & 8416 961 9614 100 102% 102 9614 IOBM 35'». 80 944 107% 101% 100 108% 99y 134 102% 104% 178 8954 90% 100 108% 9916 104 2% 95 108% 984 26 108 D!‘/l IOS 9 100% 103% 91 105% 97 100% 91 124% 92% 110 100% 103% 101 100% 96% 2% 104% 113 9874 1064 9915 96% 98 95 93% 108 101% 0! 100% 108 THE SUNDAY STAR, WASHINGTON. N1y 108% 91 11 107 108% 100 101 99% 929 — Low. 84% 90 108% 89 94 90% 96% 99% 100 4 102 107% 90% 99% 80U 911 70 —1 High. 90% 808 6614 0% 72 107 I EEEl )1 FEREPFESEL ¥ FEIF FF RALL AELESD 2EFS [EENR 102% 9% 90% — 1 100% 108% — % 84% MARKET MAINTAINS STRONG UNDERTONE DURING PAST WEEK (Continued From Seventh Page.) High. Low. 99% 9% Utilitles P & L 5% Walworth 6s'45. . 97 97 lfl!'a 108% 10815 101% 100% 101 Youngstown St 100% 100% 100% RAILROAD. g, Atch, To & S Fead) 4595 Atch T&S Fgen4s'vh. .., Atch,To & San F 4% "48. Atlantie C L 1st 48 '5%. . Atl Coast Line 4155 '64. B & O gold 4548 B&Ocv 414533 B&Oref 58'95. . B & O ref 53 D 2000... Balto & Ohio 5s 48 Balto & Ohio 68 B&OPItLE& V B&OS W Div 5550 Bangor & Aroos 4s '51. Boston & Maine 68 '6' Broadwy & 7th Av 5843 4 Brooklyn Manhat 1st 68 A Canadian Natl 4345 '30 Canada National 4 Canadian Natl 438 ‘57 Canadian Pacific deb 4 Central Pacific 4s ‘49 Central Pacific 5s 1960 Chesapeake Corp 58 '47. Ches & Ohjo cv 4148 '30. Ches & Ohio gen 418 '92. . Ches & Ohlo 43893 A ChiB&Q4%sB'77 Chi B & Q ref 5571 Chi & East 111 gen Chi Great West 45'53. Chi MStP &P 58’15 Chi M St P & P adj 5: Chi& N W 614836 Chicago Northwest 18°30. Chicago Rys 5s'27. Chi R1& Pac Fef 42734, Chi RI& Pac 4% w. Chi Union Station 41s Chi Union Station 8%s Chi & Western Ind con 45. Chi & Wesern Ind 5% '62. CCC&StLref6s A 29 Cleveland Terml 5s B '73. Cleve Terminal 5% Colo & Sou ref 4%; Cuba R R 68 '52. Cuba North 63’ Del & Hudson 5% '37. Den & Rio Grande cn 4s.. Den & R G West 5855 Den&Rio Gr Westn 58’ 78. Detroit United 4143 '32... Erie 1st con 48 '96. Erfe gen lien 45 '96 Erie ref 5867 Erie con 7830, Florida East Coast 58 '74. Fonda J & G 4%s 52 Grand Trunk s f deb Grand Trunk 7s *40 Great North 438 '76 Great North gen §%8 53 Great North gen 7s ‘36 Havana Elec Ry 5% Hudson & Man adj Hud & Man ret 5 Tllinois Central re Illinois Central 4% Inter Rapid T L1 Inter Rap Tr 5s sta Inter Rapid Trans 6s Inter Rapid Trancv 7s Inter & Great Nor adj 6s. Inter Ry Cent Am 648 Kan City South 38 1950 . Kan City South §s'50.... Kan City Ter 1st 4s'60... Lah Shore 4s ‘31 V.llty cn 112% 4 9N 28 Louluh h 78, nao Market Street Ry 78 A 40 Mil El Ry & Lt 18 Minn & St L ret ¢ Mo Kan & Tex pr In 5s A Mo Pacific gen 4s 7 B 1ssour] Pacific 5s A "65. Mo Pacific 6s F.... % Missouri Pacific 55 G Mobile & Ohio 434877 SlLrllB%lA &St Lref5%s B 1& St L 6s A 1931, H & Hart 4145, ‘67 H& H& 4999 Hart clt H cv deb 6s. 5 : ZZALLARLL oo g g 97. North Pacific 58 D 2047. North Pacific r 1 68 2047. Ore Short L ref 48 '29. Ore Wash 1st ref ¢4s 1961 Pénna cn 4138 1960 Penn 4%s'63 Penn gen 58 '6: Pennsylvai Penn 6%s'36. . Pennsylvania 78 '30. 3. St Louis, IM&S 4s°'29. StL Iron Mt gen 58 1931 StLIM&SR&G4'33, StL&SF prinésA’50. StL&SF 4%8'78 StL & San Fran §s B '50. St Louis S W con 4832, StPKCSLine4%s’4l. Seaboard A L ref 4s '59. Seaboard A L adj 6s°49. . Seaboard A L con 6845, South Pacific cv 4s '29 South Pacific col 48'49. .. South Pacific ref 4s '55 Southern Pacific l%u K Southern Ry 56 Southern Ry 1st Gl 94 Southn Rw. gen 6519 Soutnern Ry dev 6% Third Ave 1st ref 48 °60. . Third Ave adj 68 ‘6! Unton Plclflc 1st4s’47... Union Pacific 4s'68 . Union Pacific ref 4s 2008. Virginia Ry 1st 58 1 Western Pacific 58 '4 ‘West Shore 18t 48 2361. .. it is required at home. Bonds Lose Attraction. fixed interest securities. izing and Closes With Gains on Day. By the Associated Press. NEW YORK, May 11.—Early ad- vances on relatively firm cables and bullish spot advices were checked by realizing in cotton today. The offerings were absorbed on moderate reactions, however, and after selling off from 18.69 to 18.58, July closed at 18.62. The general market closed very steady at net gains of 6 to 12 )lomhs Futures closed steady; 6 to 12 points higher; May, 19.42-19. 43 July. 18.62- 8 8.68; December, middhnz. January uly | Qet Opening January, 18.8 May, 19.37; July, 18.60; Qctober, old; October, now, 18.67; December, Tea Company Sales Gain. NEW YORK, May 11 () - Naii 1 Tea Co’s April sales were $7.391,245, | against $7,364,379 a year ago. Sales for the four months totaled $29,038,331, an increase of 9.23 per cmt Net Close. Chge. 99 Low. Close. Ci 86% 86% 92 1L+ 911 91k — U 864 864 —1a 2% “w Vi4++0 10 E&r FEP FIFESFESEES SEEFS Frrese¥sss to attract udplul no matter how much The one market that continues sen- sitive to high money rates is that for This has re- acted again after a short season of ris- 78 18.82: ; Maich, 19.00; | dent Hoover had in mind last Autumn. These two influences might easily bring :ltl;o'l'xt an eblaa: hl: industrial activity iat econom! ve been predicting for several months. Money Pinch Continues. Money continues tight. The fact that call loans dropped from 14 to 6 per | cent at the end of the week means little. 1 Rates will go up again before the end of May and from present indications ndv be as hlgh. if not higher, at the | end of June than they were at the end ol March. There seems to be a feeling it 1f the reparations settlements are um{wmruy effected the; to easier conditlons here and abroad, either through artificlal means or by release of funds that have been held from the markets that most needed ; them in fear of some threatened money 'rhe German situation s still acute. This week's statement of the Bank et Germany indicates that the additional loss in gold between April 30 and May 7 has brought the reserve of that in- amuuan down to within 1 per cent of the legal limit. of a further increase in the rediscount rate. Germany has been compelled to 1| issue a 7 per cent tax free internal loan |to meet her immediate financial re- quirements. Money conditions through- out the world be uncomfortable so long as rates here remln high enough lend | the ‘There is a pualbfll!y‘ ing prices and shows no signs of ulti- mate recovery so long as the public remains stock minded and the spread between bond yields and money rates runs from 4 to 8 per cent. The sug- gestion has been made that rather than raise Federal Reserve rediscount rates, they should be reduced in order to per- mit of & revival of bond financing and give the commercial banks an oppor- tunity to liquidate a portion of their security holdings, estimated at $14,- 500,000,000. It is doubtful if the public will for some time buy bonds unless they pre- sent opportunities for appreciation in form of convertible features. So far as the banks are concerned, they have liquidated since last July as many bonds as required in order to improve their Federal RAIEYVG pomum Most of them believe th: Fresent period of high money will be llowed by a long era of low money rates in which bond prices will advance up to, or above, the levél in January and May, me glving them a profit in their hold- where many of them would have w tnke losses if they were compelled to make a further reduction in them. It seems probable, therefore, that the credit situation will have to be worked out along the lines adopted by the Merll Reserve. ile this proces: tiresome and productive ot nma renm from week to week, it will even- tually be successful. D O MAY 12, 1929—PART 5. Stock and_dividend. Submarine Boat. .. Sun O11 (g1)... Sun Ol pt (6)... Superior O1l. ... Superior Steel..... SWI uCoof Am (1). High. 3la 65 Symington Class A Telautograph (15.. ‘Tennessee Copper (1) Texas Corp (3). Texas Gulf Sulphur (4). i Texas & Pacific (5) Tex & Pac Coal & O(b5). Texas Land Trust Thatcher M{g. Thatcher Mf& pf ( 4 The Fair (2.40). The Fair pf (7). Third Avenue. . Thompson J R (3.60 Tidewater Asso Ofl. ter Asso pf ( Tidewater Oil pf (5). Timken Det Axle (1.80) . Timken Roller B (3).... Tobacco Products(1.40). Tobacco Prod A (1.40).. Tobacco Prod ctfs A. Tobacco Prod ctfs B. Tobacco Prod ctfs C. ‘Transcontinental Oil. .. Transue & Willlams (1). Trico Products (214) Truax Traer Coal 1.60. Truscon Steel ($1.20). .. T «win City Rapid Tr (4). 4 Twin City Rapid Trans. . Underwd-Elliott-F (4). . Unlon O1l of Cal (2) Union Pacific (10) . 4 Union Pacific pt (4) Union Tank Car (5) Utd Aireraft & Trans. Utd Afrcraft & Tr pf (3) United Biscult (1.60) United Cigar Stores ( United Cig Stores pf (8). United Corporation. . United Corpn cum DHB)- United Dyewood United Dyewood pf (7). . United Elec Coal (3). United Fruft (c4) United Paperboard. U S Cast Iron Pipe (2)., USCIrPistpf (1.20) USCIrP2dpf (1.20). U S Distributing...... U S Distributing pf (7) U S Express U S Hoftman (4). U S Ind Alcohol (6).. S Smelt Ref&M(3%). . S Smelt R&MDIL(3%). B Steel (7). U S Steel pf (1) U S Steel new (7) U S Tobacco pt (7)...... Universal Leat Tob (3) Univ Plctures 1st pf (8 Univ Pipe & Rad. Util Fow & Lt A ( Vadasco Sai Vadasco Sales pf (7). Vanadium Steel (14). Van Raalte. .. Van Raalte pf Vick Chemical (4). Victor Tk Mch pr pf(7). 1 113% 18% + Btoek dividend. 15'% Virginia-Caro Chem. -Caro Chem 6% pf -Caro Chem pt (7)... Va Elec & Power pf(6) Vulcan Detinning....... Vulcan Detinning (A)... Wab Wlldorf Sil m ( Wll'o !h Co (1. 20) Ward Baking (A). Ward Baking B. . Wara Baking pf (7 Warner Bros Picture: Warner Bros pf (2.20) ¢ Warner Quinlan (2). Warren Brothers (15). Warren Fdy & Pipe. .. Webster-Eisenlohr. . Wesson Oil & Snow (2). (¥ 4% 8 '+ West Penn Elec A (7)... West Penn Elec pf (6).. ‘West Penn Elec pf(7).. West Penn Power pf(6). 3 West Penn Power pf(7). 4 West Vaco Chlorine(2).. Western Dairy A (4).... Western Dairy B ¢ Western Marylan, Western Md 2d pf. itern Pacific. b estern Pacific pf Western Union Tel (8). . Westinghouse Air B (2), Westinghouse E&M (4). Westinghouse 1st pf(4). Weston El Instrument. . 5 Weston Elec Inst A (2). White Eagle (2). ... White Motors (1). White Rock Min 8 (3) White Sewing Machin White Sewing M pf (4). Wilcox Ofl & Gas....... Wilcox & Rich (A). 2“ Wilcox & Rich (B) Willys-Overland (e1.20). Willys-Overland pf (7). Wilson & Co. .. O Wilson & Co (A) Wilson & Co pt. Woolworth F W (8). Woolworth (F W) new. . Worthington Pump. .... Wérthington Pump (A). Worthington Pump (B). Wright Aero new (2)... Wrigley W Jr (t3%).... Yale & Towne (4)....... LELess et T2 411 E k 40500 Yellow Tr & Coach pf. .. (123%) . Youngston Sheet & T (5) Adams Express, May 24. Am Rad & San, June3.., Am Tel & Teleg, July Anaconda, June 18 Balto & Ohio, June 25. Canadian Pac, June 17 Ches & Ohlo, July 1. Contl Can, May 23. Gen Gas & Elec, May ZOA Graham-Paig nny 20.. Int Combus En, t Kinney (G R). ini n Liquid Carbide, June 4. . Pénna RR, June 14. . Sou Cal Edison, May 21, Superior Steel, May 9... L' [ !tnl. June 21. 0, May 20 bividend rm ¥ payments Base e fntest & lhnu‘)fl'nd %! )38t a ‘shave I von Will Retire Preferred Stock. NEW YORK, May 11 (#).—Stock- holders of Federal Mining & Smelting Co. have voted to retire by lot 10!46 shares of preferred on June 15 af and interest. This vtll leave l referred _shares outsta: 3 —for your present needs can be secured by selling us your Local or Out-of-Town Stocks and Bonds. We will buy all Mortgage Bond Issues and Preferred Stock of the F. H. Smith Company, and we also sell them at very attractive prices. Write for our D-nd and Stocks Capltal Clty Co. 509 Washington Bldg., 15th & N. Y. Ave. Phone Main $201-8292 MONEY TO LOAN o2 e NO COMMISSIONS OR RENEWALS APPLY coLUMBIA PERMANENT BUILDING ASSOCIATION - 2, . Over Third of a Century's Experience 1111} “nll Y ig When it comes to the man- agement of Apartment Houses you can not afford to run the riel: of mistakes of judgment. Our experience is an asset to you-—and our management an economy. B..F. SAUL .CO: Main 2100—925 15th St. N.W. WE WILL BUY SELL F.H.SMITH STOCKS-BONDS CAPITALCITY CO. 509 Washington Bldg. Phones Main 8291-8292 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 62nd Issue of Stoc = mllfl'm Money Loaned to Members on Easy Monthly Payments “1Ilfiil$.-.'m l WILL SELL. .all 4,000 " 128 100 200 4 2 1 THOMAS L HUME Main 1346 The Trade Mark “SERVICE STATION” Auditoriom 6% reoran e, 1%, 1985, @ af. Mort. & Inv. Com.. New, onal | Morteage & Inv. “lmnn & 1av. P14, Jstate Mort. & Gty. Units T, ol mm 71138 1412 G Street Main 4733 Guaranteeing Satisfaction Telephone For Office Workers The stationer of today must be equipped and prepared to furnish a complete service for business labor-saving devices, furniture, filing equipment—do printing, engraving, paper rul- ing—and carry in stock that infinite number of office neces- sities which come under the heading of stationery. the Such a house above—the equipped business man’s “Serv- ice Station” STOCKETT: fio UC! oisE WA. Phone National 9176-7 office — supply office is pictured most completely in Washington. NG "AT'ON. g m*?%m rRd LA HAWKINS “Conveniently Located on 14th Streat” 1529 14th St. N.W. FINANCIAL.” I11+111a, - = RESM ¢ et Sas Fe R Frars #s ¢ N TR 200% Lit+it £+ CssrEee” e 3 F 149% 80% 8% L+ + HHE+E00L 000+ +++11 e = ® LEFES & 132% RIGHTS—EXPIRE. 60% 2% [RERR L+ o+ & s2 8 s32 the table l Illtrurll dl lllu". hl&n“&:’“ ‘:,r" 3/3! ":n tnh or 0 5ock. Dec. 3320 ln way Vu'nnu 5%% | Commonwealth Investment Co. 917 15th 8t N.W. Prudential Insurance Co. Loans FLOYD E. DAVIS CO. 738 li St N.. Main 352-353 Loans to Salaried People “Character Plus Earn Our Basis of Credit” VeV ENTE Ability WASHINGTON WIMSETT COMPANY 903 N. Y. Ave., 23nd Floor. Money Available for 'FIRST DEED OF TRUST LOANS On Co-wh“‘ Properties and for Construction Use Reasonable Interest and Commission Rates JAMES F. SHEA 643 Louisiana Ave. N.W. The Commercial National Bank Pays interest on DAILY BAL- ANCES on Savings Accounts. Interest starts from DAY of deposit and is earned to DAY of withdrawal. Come in and let us explain. Resources Over $19,000,000 14th & G Streets R. GOLDEN DONALDSON, President LOANS Lel us have your appllcnmn: LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35. years speaks for itself. Percy H. Russell Co." 1731 K St. N.W. Money To l.oan On 2nd and 3rd Trust and for Home Improvements Quick Action No Red Tape D.C.,Md. & Va. Property Apply I’ennzl!nprovement Co. Ine. 911 7th Street N.W. ‘Main 512 First Mortgage ; and Conatructiox; Loan Applications Invited at 5%:% : Glover & FIather 1508 H St. N.W. Main 1753 CLARK.CHILDS & COMPANY 120 Broadway New York, N. Y, WASHINGTON OFFICE 1508 H STREET NORTHWEST NEW YORK STOCK EXCHANGE NEW YORK COTTON EXCHANGE NEW YORE COPFFEE EXCHANGE NEW YORK OURB MARKET NEW YORK PRODUCE EXCHANGE BOSTON STOCK EXCHANGE CHICAGO BOARD OF TRADE CHICAGO STOCK EXCHANGE Metropolitan 3020 JAMES SLOAN, Jr., Manager We Buy and Sell . NATIONAL CITY BANK (Inquiries Invited) The Finance & Trading Co. Bank Stocks 1108 Sixteenth Street N.W. Decatur j g2ee ;