Evening Star Newspaper, May 31, 1929, Page 14

CLEARINGS OF D.C. Increase in Business During May Is Indicated by | Adv Rumley p! | Note—The New York Stock Exchange | is now operating on Eastern daylight- saving time. Abitibl Power. Abitibl pf (6). Adams Millis(2) Adv Rumley. 201 31ts A Larger Figures. LY EDWARD C. STONE. | Pusiness in the National Capital dur- ing May has bcen befter than in the same month in 1928, i bank clearings are to be taken as a first-class barom- eter. According to the final figures for the month available after the foronoon session of the Washington Clearing | House, total May clearings amounted to $126.836.188.71. against the lower sum of $123796,402.55 in the same month otal clearings for the first five months of the present year are also well ahead of the same period a year ago. another indication ot business growth Clearings so far this year reached the total of $627,019.499 7 with an the same months in 14 | Alr Redetn (13), | Air Way E | Am Agricul Ahumada Lead... 2 2) 41 Atax Rubher Alaska Juneau Albany Wrap Pa Alleghany Corp. Allegheny rts Allezhny pf 5. Alleg pf rets 54 Atiled Chem. ... Allls-Chalm(7). 1% 100 | Amal Leather % 6 5 10% 4t 116 Amerada(2) 10% Am Agri Ch pf.. 40m Am Bank N(13). 116 Am Beet Sugar. 17 Am Bosch e 9% Am BrSh(h1.60) 51 AmBShoe pf(7). Am Brown Bov. Am Brown Bo pf THE EVENING BANKS SHOW GAIN‘! NEW YORK STOCK EXCHANGE i Open. Hizh. ConClenrpf(14) K&s, &g Cons Film pf(2). 25 s (3) Container (B). Cont Baking A Cont Baking B Cont Bak pf(8).. Cont) Can (2%).. Contl Insur (2).. Contl Mot(80¢).. | Corn Prod (13).. Corn Prod pf(7). | Coty. Inc (x2).. ($1). Cuba Company Cuban-Am Sug udany PKie4). nrtiss Aero(1). Curtis Pub (§) CurtisPub pf(7) Cushmann pf(§) Cuyamel Fruit.. 1100 110% 81 Biy Davison Chem. . Deere&Co pr(7). } el & Hud (). Del L & W(17) Den RG Wn pf STAR. WASHIN Loose-W1l 2.60. . Loriiiard Co Louisiana Oil. | Louts GasA 1.75. Louls & Nash(7) 141 LudlumStl(2) Mac And(12.85). 38u Me Call Corp4) 101 McCrory B(2)... 984 Mcintyre P(1).. 16 McKeespt Tin Pl 6x% McKesson&R(2) 44's Mack Trucki6).. 950a Macy Co (e2)... 160% Mad Sq 1815 181y [ERST I 25 6l 141 BN 8834 102 9Ri 16 3 50 4Ry 1601 Man Elec Suply. hirt(2) Market St prior. Marland Oil. . Mair-fock (14). Marmon Mot(4). Martin-Parry. .. Mathieson (e2). May Dept S(4).. (12) e (3) Mengel C | Mexican | Mex Seab 0 (rx) Bin TON. | Spalding (1.60).. P. €., FRIDAY, MAY Received by Private Wire Direct to The Star Office | | Souta Ry pf(5). SouRVM&O cfs 4 1 Spane Chalfor. . Sparks With(3). 247'c parksWith(wi) 2 ear & Co..... Spear&Co pf(7). Spicer Mfg..... Splegel Co (3).. Stand Com T(1). SUG&E (3%). STOGKS IRREGULAR INHEAVY SELLING { | Peréistent Bear Attack Di- rected Against Various Groups During Day. dG&EDpf4). Std O of Cal(13) Std Oil NJ (12). StdOHINY (1.60). S1d Plate Glass. StwartWar(31) Stromberg (3).. Studebaker(15). marine Boat. . Sun Ol (g1). Sun Oil pf(6) Superior Oil.... Superior Steel. .. Symington Cl A. 104 400y 104 Tk 401 Telautogrph(1). renn Copper(1). Texas Corpn(3). TexasGulfSule4) Tex&P C&O(b3) ex Land Trust. Ihatehr pt 3.60 v | BY STANLEY W. PRENOSIL, A ted Press Financial Edit NEW YORK, May 31.—Persistent, but unconfirmed, reports that a few of | Street’s large operators had taken fic losses in the recent decline, and | t at least one of them had been | “taken over” in a pool specialty, brought about a drastic decline in prices in the Scores | to recent fa- | Chrysler, | early part of today’s market. ‘m’ 1ssues were hammered down 2 | nearly 9 points, with such vorites as General Motors, | bustion and Wright Aeronautical sink- | | ing to new low levels for the year. ! Extensive buying of the public utility | and investment railroads failed to pre- vent further liquidation. New York | e Prevailing Interest Joseph In Nearby Virginial|} 514% Commonwealth Investment Co. 917 15th St. N.W. Phone Main 2623 d commission. 20 Wash. L. & Trast I Weller Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 We Recommend— Mortgages Investments JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. .. Spencer Trask Fund, Inec. at the market Circular on Request 6% NOTES Secured by Irving & Johnston Woodward Bldg. Main 8973 Correspondents of Spencer Trask & Co. Members Wash. Stock First Mortgages Frchange Safe—Conservativ 42 Years’ Make your savings and surplus funds i Detroit Ed(8). i Devo& Rayn(12). Dev & Ray (rts) | Central extended its rise to 7_points | and American Water Works & Electric | was up 9 to 110, a new high. Some of the steel, motor and oil shares con- | tinued to give way, Mexican Seaboard ; # 5 | falling_to v low for the year, (Dt A Do) | while Midland Steel Products preferred ke DSy on {lost 7', Case Threshing dropped to B A i L e 5 a net loss of 15 points. The Missour: Pacifc. . b Prod A 140, closing was Irregular. MoPacific pf(5). 1 5 5 | Transcont 011, | Mohwhk Car 23 . Trico Prod(2 % | Mont Ward 23%. TruaxTraer 1 60 Moon Motor.. .. TwinCityRT(4). Morre!l&Co 3.60. | Motner L (40¢).. Motor Meter A Motor Prod( . 109 Motor Whi (2).. 44 | Mutling Mfg.... o Mullins pf (7) 3 Munsinzwr 1314 Murry Corp(k Am Can (14) ] Experience ¢ WETe | AmCar&Fdy(8). In finsneing homes and in the sale of these curittes. S45 107 1614 work for you at the highest-inter- est rate consistent with absolute safety, The Kair(2.40).. The Fair pf(7).. « [ Third Avenu | Thomp J R¢ Tidewater ASOil mi Cop (4).. | ont P(2).. | Middre St | Midida s | Mitter 1 Minn & St Louls Minu StP& 1. | Mo Kan & Tex Continental Trust Co. 14th and H Streets 6 i 1 | bevoea it 1ste7). 115 | Diamond M (8). 141 I Dome Minesc1). 91k | | Clearings in May cf this behind those of April, when canceied | am Chatn pf(7). checks amounted to 300.050.37. | Am Chicle (2). . The five months, however. mad Am ComAl e1.60 splendid when summarized. | Am Encaus this increas year amounting to| $39.013.861.06. According to the rec-|am s kept by M Charles E. Bright | Am&For of the Clearing Hous ciation, local | Am Ha: clearings so far in 1 comp: d with | Am Hide & Lea.. the corresponding months in 1928, have | Am Hide & L pf. been as foilows: | Am Home P 3.60. 1920 1008 | Amice (13) $129438201 $114,408,832 | Am Internat 109.649.040 103495524 | Am Locomot(§). 109.795.928 122,284,990 | Am Loco pf(7).. 120.300052 120019880 | Am Ma &Fy(d). 2 23.706.402 i ING SAnEs _ 123796402 | {1 Metals pt(8) £584,005,636 | Am Fiano. 636 Am P& L D). The June local bank clearings will he AmP&LDE sta 5. awaited with particular interest as they AmPo&Lt pf(6)) will complete the tatals showing to a | Am P& Lt A(3 greater or less degree the business situa- = Am la. tion in Washington for the first half | Am n(rts) year. | Am Ry Ex(6)... 1 Am Republies. i Retail Trade in April Reviewed. Am Tol 1 ¢ 103 Department store sales in the aggre- | Am Saf Raz.te). 62'5 64% 62 gate for April were 2 per cent larger | Am Seating(3).. i 341 than in the corresponding month a | Am Ship & Com.. 313 year ago, according to reports made to | Am Shipbldg(8). 84 the Federal reserve system by 523 | Am Sm&Ref(4). 95% stores; on a daily average basis, how- | Am S & Rp{(1). ever, the sales were 2 per cent smaller Domin Stores(3) 441, Diug inecs). 1051y Dunhill Int (34). Duplan Stk (1).. Dupa 13) Dua Lt Isted), Durham Hos. 10615 oy 3e 150 Capital, $1,000,000.00 Wm. H. Saunders Co., Inc. REALTORS Main 1016 Checking Accounts Gains at Opening. Savi A t avings Accounts Strong buying support came into the | { market over the holiday and opening | prices displayed a_strong undertone. | .| Coppers were heavily bought as a re- | it of the more cheerful news from | the Paris reparations conference. Rails | again moved forward under the leader- | ship of Atchison, which showed an | 3 ! initial gain of 3% points, and New York | || | Central, _which _opened 2! points higher. Hudson Motors sank to a new low level for the year. | The market turned irregular soon after the opening when fresh selling | g Westheimer developed in the motor, farm equip- | { ment and mail order shates, Ralls and || C public_utilities continued to show in- dependent strength. Jompany Hudson Motors quickly extended its loss to nearly 2 points, General Motors sank 15 to a new low at 70 and Nash yielded fractionally to a new low at 837, . A bad break in wheat prices in Win- | nipeg yesterday probably influenced the | renewed liquidation of the farm im- 512 | plement and mail order shares. Sears- 51, | Rocbuck dropped 6 points, Case Thresh- ing 4 and Montgomery Ward yielded | 1 (0 a new low at 103. Wright Aero- | | nautical dropped 6 points to a new low | 4| at 111 and International Combustion | also touched a new low price. Rail Group. { In the rail group New York Central and Missouri Pacific common extended their initial gains to 3 points each, New | 4| Haven moved up 2 and a few others ||| | advanced a point or more. ~Missouri Pacific preferred fell back 2. North American and Commonwealth | Power were the early leaders in the public utility section with gains of | about 3 points each. American Tele- | phone, Columblia Gas and a few others advanced a point or so. Foreign _exchanges opened stead: Sterling Cables apparently were not fluenced by the results of the British election, opening unchanged at $4.85 1-32. 4915 2018 ' 1433 K Eaton Axle (3)., 56% {Eitngn pf6ip). 9 Elec AutoL t4%5. 144 Electric Boat.... 12 ElecPow&Lt(1). 6% | Blec P&LEpf(7) 106 106 lee Stor B (5).. 79 79 m Brantgm(A) 4 9 ng PubSer(31). 487 49 it Bldg(213) Acceptance Credits Time Deposits January February March April My Indwd-El F (4) Un Carbide 2.60. Un 01l Cal2)... Union Pac(10), Union Tan Utd Alr & Trans Utd AIr&Tpf(3) . Utd Biscult 1.60. Utd Cigar St United Corpn Utd Corpn pf | Utd Dyewooa Utd Klec Coal. Utd Fruit (ed). Utd Paperboard., US Cast Ir P(2). US CIP 15t 1.20. U S Distributing U'S Hoffman (4). U S Alcohol (8) 14474 11 12 64% ’“ Foreign Exchanges Total $627.010.400 : Commercial Credits Travelers’ Credits Travelers’ Cheques i Pe 1% Nash Motors(8). 1% Nash & Chat(7). 200 i Nat Acme (1)... 32! | Nat Air Transpt, Nat Bellas H 31, Nat Biscult (6). Nat Bisc pl(7).. Nat Cash Reg 14 Nat Dairy ($1%5) Nat Dept Storea. Nat Distilier Nat Lead(5).... 5o . 66 | Nat Lead pfA(T) p 64 | Nat Enamlg (1). Nat Pow&Lt(1). Nat Radiator. Nat Supply (18 N 1 151 Kureka Vac (4 EvansAu L 12 Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor 47 1094 643 | FairbankMpf(7) 10% 3413 | Fashion P(K215) 65% 3's | FedLt&Tra $1% 89 84 |Federal M & Sm. 21 97 Fed Min pf(7).. 130 Fed Mot T(80¢).. 604 | Fidelity-Phoenx 68!y | Filine's (6%) . 108 “irst NatSo1 ). - 80% | Fisk Rubber.... 9 29' | Flelschman 3% 3% Kiorsheim (A).. 4% Follansbee 1215, 61 I Nevaau'Gos wby ioundation Co.. 5 528 5 |'\.e“_‘w’”°}'“;. Ll L Newton Steel(3) Freeport T (¢ N Y Alr Br(3) Fuller pr pf 8.68. 106% 106% N i B, N Y C&StL(6). N Y & Harlm(5) NYNH&Hart(4) NY NH&H pf(7) N Y Ont&Westn. N Y Stm pf(6).. Norfolk Sou 2%. Norf & Wn(110) NorAm bl0% stk NorAm Ed pf(7) No Ger L1d 3.41. Nortn Pac(5)... . | Nor Pac cfa(6).. | Norwalk Tire. .. 108 Members of the 91 141a 96% New York Stock Exehanse Baltimore Stock Exchange Cineinnati Stock Exchange Chicago Board of Trade Am Stl Fdys(3). b than a year ago, reflecting the fact that | Am . 6 6 no part of the Easter selling season this | Am Sugar pf(7). 108 year came in April. | 'Am Sugar (3)... Inventories of the reporting depart- | Am Sumatra(3). ment stores at the end of April were | Am Tel & Ca(6). 2 per cent below the level of a year ago. | Am Tel & Tel(9) Reporting chain stores, excepting shoe | AmTel&Tel(rts) and candy chains, made substantially | Am Tobacco(8).. larger sales than in April of last year, | Am Tobac B(3).. which reflects, in part, the establish- | Am Tob pf(6)... ment during the year of additional | Am TypeFo(3).. stores. AmWW&EI(cD). The Reserve Board's report, out to- | AmWW1st pf(6) day, the District of Columbia had a,Am Woolen..... gain of 6.1 per cent in retail sales, | Am Woolen pf Raltimore sales were down 2.9 per cent, | Am Writ Pa ctfs while Richmond reported a gain of 1.2 | Am Zine........ r cent over the corresponding month | Anaconda (7)... g 1928, | Anaconda (rts).. AnacondW&C 3., Bank Convention Program Lauded. | Andes Copr (3).. Framers of the program for the Dis- | Archer Danls(2) trict Bankers' convention at Montauk | Armeur Del pf 7. Point, Long Island, believe they have | Armour 111(A).. one of the best business sessions in!Armour 11i(B).. prospect that has yet been planned. Of | Arnoid Con & Co this they have been reassured, if re- | Asso Apparel(4) assurance were needed, by the United | AssoDryG(z% ). States Investor, which declares that|AssoD G 2d(7). the subjects chosen are of vital interest | Asso Oil(2)..... to bankers everywhere. The secondary | Atchison(10). reserves of banks, relations of loan and | Atchison pf(5). . other committees to banks, and the|AtlCoast L(t10) 1 functions of the credit department, are | Atl Gulf & WI.. considered topics of such far-reaching | Atl Guif pf (4).. ‘56l value that the magazine says other | Atl Refg (t1%). 64% conventions would do well to adopt the | Az:u ¥awkpm;, li”' same subjects. | Atlas Tack..... 2% As nete’d some time ago in The Star, | Auburn Auto J4. 2353 these subjects will be discussed by Henry | Austin-Nicholx. 5la H. McKee, president of the National ich pf.. 37l Capital Bank: Robert V. Fleming, | Auto Sales.. 28% president of the Riggs National Bank, e and John Poole, president of the Fed- | gajawin Loe (7). 210 210 eral-American National Bank. The | y.iq Loco pri7). 118% 118 three local bankers have made special | s, it0 & 0(6).... 119 studies of these problems and Wwill| B'go (rights).. 215 2 2 handle them in a most practical man- | gajio & O pfe4). 77 17 ner. And these features are only Part|pang & Ar(3%). 69% 691 70 of the program that the Boston mag-| pang & Ar pf(7) 107% 1071a 107% ;“"fh",_‘,’““’ hl\’;“]"'\g" associations copy | arnet Leather.. 11% 1l 10% or their conventions. ) A% an Women Heavy Pennsy Stockholders. 24 24, The average of Pennsylvania Rail- L road stock on May 1 was 71.35 shares. i The geographical distribution of stock e it compares with a year ago as follows: F 9614 Pennsylvania, 43.79 per cent; decrease, B o 3.55 per cent: New York, 24.20 per cent; 115 A1 increase, 1.18 per cent; New England, TR 11.50 per _cent; increase, 0.40 per cent: i Xore\gn,t 3.07 per cent; decrease, 045 el cent. . 2 Poumber of stockholders compares as sy follows: Pennsylvania, 69,310; decrease 20% 30% 2,630; New York, 27.717; increase, 5.732; 3 3% New England, 21,509; increase, 3.399; 41 45 foreign, 2,998; increase, 221, and scat- 0% 62 tering, 36,116; increase, 8,326. 170 © 172 ‘Woman stockholders numbered 79,275, 9% 39% increase, 6,634, being 50.29 per cent of 3818 38%% total; decrease, 0.65 per cent. They 18 20% held 3,938,523 shares, increase, 558,349, 21" 28 constituting 35.01 per cent of outstand- 39w 29% ing stock; increase, 1.16 per cent. Their NE vios average holdings was 50 shares, in- a7 47% crease, 3. Buras Bros(B). 24% 24% Total outstanding stock on May 1 was | Burroughs (15) 11,248,979 shares, increase, 1,263,665 | Bush Term(g2).. 300 300 b7 58% Cop & Zin Heard in Financial District. s g C. J. Gockeler, _secretary of Rtealty (5) Rubber Kub 18t pf. S Smelt(3%) S Steel(7) . S Steel pf(7) | US Steel new(7) U S Steel (rts).. Uni Leaf Tob(3) Uni Pic 1st pf(8) Univ Pipe & Rad Util PEL A(e2). Safe Deposit Boxes Continental Trust Co. "14th and H Streets WADE H. COOPER, President Capital, $1,000,000.00 WOODWARD BUILDING Telephone Main 5500 206% 2065 | 3 3l EEY 168 1638 16913 170% 117% 118 % 1445 145% 100 115 102 102 18% 18% 431 434 Private Wires to All Gabriel Snub A Important Points ardner Motor. Am TC($4 Gen Asphalt. ... Gen Bronze (2).. Gen Cable. o | Gen Cable A (4) Gen Cigars(4)..; Gen Electrie 16 GenElec sp(60c) Gen G&EI A 115. Gen Gas pt B(7) | Gen Mills (3)... Gen Mot(13.30). Gen Out A(4) Gen Out ctfs(2). Gen Ity SIR(6). . Gen Refrac t3%. Glllette S R (5) Gimbel Bros. Glidden Co 1% . Gobel (Adolph). Gold Dust (new) Goodrich(4). ... Goodyr T&R(5). Gotham H (2% ). Gotham H pf(7). Graham-Paige. . Granby Min (7).. Grand Unon.... Grand Un pf(3). Grant W T (1) Grt North pf(5). Gt Nor pf cfs(5) Grt NorO(a1%). Grt Wn Sug 2.80. Grt Wn Su pf(7) 1164 Greene Cana(3). 141 Gulf Mo & Nor. Gulf Stat Sti(4 Vadasco Sale: Vadasco pf. . 3% 87in Vulcan Detin... 6 —W 1015 99 3 JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1879 49th YEAR COMPLETED Assets veee..$5,513,051.63 Surplus & Profits...$1,601,704.98 Subscription for the 97th Issue of Stock Being Received Save Systematically in the Equitable HE Equitable’s plan of sys- tematic savings encourages thrift in a manner that if con- sistently followed will eventually lead to financial independence. Start now while you have a steady earning power. Come in and let us explain about our systematic plan. 915 F St. N.W. 2?: Wabash... Wabash pf A(5). Waldorf(1%4). .. Walworth(1.20). Ward Baking B Ward Bak pf(7). Warner Bros Plo Warner pf(2.20) Warner Pic (n).. Warner-Qu(z).. Warrn Bros (15) Warren F&Pive Wesson Oil (2) Wesson O pf (4 W Penn El pf (6) W Penn El pf(7) West P Po(6)... West P Po pf(7) West Vaco (2). West Dairy B Westn Dairy rts. West Marylana. West Pacific. West Pacific pf. W U Teleg (3). Westhse A B(2). Westinghse(4) Weston Electric. White Eagle(2) 011 Well Supply. Oll Well Spf.... Sq. { Oliver conv (3). Oliver pf A (6).. Omnibus. . Otis Elev (6). Otis Steel. Owens-111 G 43 43 9 94 40% 40% 217% 224 101 101% 18214 183% 62 63 56% 56% 62% 63% 101 101 12 2% 23215 2354 5l bl 3Tl 370 278 2% Selling Hits Prices. Prices continued to fall during the morning, particularly in the motors, |and a_considerable number of infiuen- | 61 | tial shares crashed to new lows for the vear. International Harvester broke 5 points to 925 and Case Threshing to 300, both new lows. Montgomery-Ward sold below 100 and United Aircraft and General Electric were down 5 points jeach. In the motor group. Chrysler at | 66%. General Motors at 68%, Hudson at 7615, Studebaker at 7315 and Nash at 817, were all lower than at any time this vear. Packard was off 4 points. Cail money renewed at 6 per cent, s 21 9% 721y 1085 50 6dla 564 $2.50 PER SHARE Pacific Gas (2).. 57 Pac Lightg (3).. 80 804 Pacific Milis.... 20 29 Pac O1l Stu 1 1 Pac Tel & Tel pt. 127% 127% | Packard Mot 5. 136% 136% Pan-Am Petrolm 55% 53% Pan-Amer Pet B. 58% 59% Pan-Am Wn B. 149 Panhandl 10 Paramount-F-L. 63 Park & T11(13).. 52 Park Utah(30c). 8l Pathe EX......0 Pathe EX(A). ... Patino M (3.39).. Peerless Motor.. Penn Dixie Cmt PennRR (4)... Penna RR (rts). Pet Milk (1%).. 244 | pettibone-Mul. . % | Phelps-Dodg (3) 210 * 210 118% 118% 117% 119% 2% 501 8la 9 184 16 METAL MARKET, NEW YORK, May 31 (#).—Copper quiet; electrolytic, spot and future, 18. Tron’ steady, unchanged. Tin easy: spot, 43.50: future, 43.75a43.87. Lead steady: spot, New York, 7.00; East St. | Louis, 6.80. 'Zinc steady’ East St. Louis spot and future, 6.57a6.65. Antimony, 9.00. Hack pf A(1%) Hahn Dept Stor. Hahn D S pf 6%. Hanna M A (7) Hartmn B(1.20 Hawafian P (2).. 6 Hayes Body (b8) 3 n = Hershey Corp uits | g:::: ;GR‘)S,A)I. Hershey pf(4 92% | phil Morris(1) .. Hershey pr pf(6) 106' 106 | phillips-Jon(3).. HockingVal(10). 425 425 | phillips P (1%) Hollnd Fu(e2%) 35 % | Houdaile-H 1% | Household (14) 214 | Beacon Oll...... Belding-Hemwy. Belg N R pf(16). Bendix Aviatn. . Best & Co(3). Bethlehm St1(4) Beth Steel(rts). Beth Steel pf(7) BohnAl&Br t3% Bon Ami (15)... Borden Co (3) Borg-Warnr (J Boston & Maine.. Briggs M{gFCo. British Empire.. Brockwy Mot(4) Bklyn-Man(4).. BklynUnGas(5). BrownShoe(2%) Brunswick B(3). Brunswick Ter. . Bucyrus(1)..... Bueyrus cv(234) Buff&Sus pf(4).. Bullard (1.60).. White SM pf(4). Wildox Ofl & G.. Wilcox (A) 2% W:lcox Rich B. Willys Ov ¢1.20 Willys-Dvd pt 7. Wilson & Co. Wilson & Co pf. Wilson Co pt A Woolworth (6) Woolworth new. Worthn Pump... New Bond OfleTings. NEW YORK, May 31 (#)—New bond offerings for the week totaled $61,081,- 000, compared with $33,755.500 last | week and $101,695,000 this week last LONG-TERM REAL ESTATE LOANS MONEY TO LOAN - 5%% On District of Columbia We Make First Mortgages on Real Estate CURRENT RATES OF INTEREST Homes, Apartments and Business Properties in the District of Columbia and Nearby Maryland and Virginia 59% 51 1% 14 51 29% Consult Us Regarding Your Maturing Mortgage Phoenix Hosiery Phoenix pf(7) Plerce-Arrow. Plerce-Ar pt (6). Plerce Oll. 2% Wright Aero.... 117 118y Plerce Petrolm.. 4% Wrigey ((13%). 741 74l Pillsbury (2). 422 43 . —Y— Pirelll (A) 2.88.. 55 Yal 5 Pitts Coal. : 60% ale&Towne(4). 69's 69 Yell o 36 Pitts Sti pf(7).. 97 o Truck oo 3% Yo S 2 59! Pitts Ter pf(6).. 52% e i R Pitts & WVa(6). 126 5 Por RicoToA(7). Hourly Sales on N. Y. Market. PortoRIcoTobB. 10:30 am.. 526,000 12 m Postal T&C pf 1330 p.m. 2,309,800 2:16 p.m Postum(3).. Dividend rates as given in t) D D) Prairie Oll&Gas. are tne aanual cash pAYIMEnts pased on ihe Prairie P L(14) ot Fading ey thanc 108 aores Pressed Stl Car. t_Partly extr: 3 Plus 4% in stock. Produ & Refinrs. 33 in preferred stock. % Plus 1/25 in Producers&R pf. Role"in Sloek,*'¢ Pius S5 In siock. g ba Prophylactic 14 able ‘When carned. e Pavable in eash o Public Serv 2.60, stock. £ PIus 10% 1in SLOCK. Pub Serv pf(8)., 104% in’ stock, _h Partly stock. i P) Pub S NJ pf(7).. 119 Pub S NJ pt(8).. 1 stock. ~ k Plus 1/120 share aqu stock. m Payable 1/10 share aquarterly in Pub SE&G pf(6) 107 Pullman Co(4).. " United Cigar Stores common stock. B Plus Punta Aleg Bug.. 15 T % In stock. Pure Oil (1%).. 27% Purity Baking.. 116% 116l e Radio Corpn.... 85l 88 Radio pf (B).... 78 T78% Radio-Keith(A). 26l 27 ReadingRy(4) 2 108% Reading 2d(2) 4415 Real Silk Hos, 767 Rels(R)& Co. ... 8 Remingtn-Rand. 29 Rem-Rd 2d(8)..; 97 Re0 Mot (11).... 247 Republic Bra: 481y [tep 1 & S(4) Reynolds Spngs. Reynlds (B)2.40. RhineWE(1.92). Richfield Ofl (2). Rio Gr Oil (k2). Rossia Ins (n).. Rossla Ins (rts). Royal Bak P(1). Royal D(al.33( Howe Sound (4).. Hud Man(2%4).. Hudson Mot(5). Hupp Mot (£2)..: Tllinots Cen(7). [11 Cent pf(6) 111 Cen Iss 11(4).. Ind O & Gas (2). Indian Refining. Indian Refg cifs Indust Rayon Ingersoll R 151 . Inl Stl1(3%). Inspiration C(4) InterboroRapTr, InterconRubber. Internat Agr! Int Ag Ch pf(7 Intl Bus Ma (5). Int Cement(4).. Int Com Eng(2). Int Harv (2%).. Int Harv pf(7).. Int Mtch pf 3.20. Int Mer Marine Int Mer Mar pf Int Nick,Can 80e | Int Pa&PoA2.40.. Int Papr & Po B. Int Papr & Po C. Int Pa&Po pt(7) Int Preg Ink 2%. Int Rys Cen Am. 1t(5) 1ver ( 1264 Int Tel&Tel new 80% 8l% IntTel&Tel(rts). 3 3 Inter Dept S$(2)., 73 73% Island Creek(4). 50 FLOYD E. DAVIS CO. 733 12th St. N.W. Main 352-353 "Loans on Autos Legal Interest Our Only Charge Quick Service—Confidential UNITED LOAN CO. Rosslyn, Virgini __Just_across Key Bridee—Opposite Rank 45 4% 5 29 29 the | Byer & Co.. 130 131% 126% 130% Washington Stock Exchange and vice | By-Prodcts t2%.119 120 119 120 president of the District National Bank, | vl is passing the week end at Margate | caif Packg (4). 74 74 T4 City, near_Atlantic City, having his|Caiiahan zinc... 1% 1% 1% 1% Summer cottage put in order. “a,.,&,‘r,,“o,. 1251 126% 126 126% Local insurance men have received |Cal& Hecla(4).. 40% 38, 40 word that group life insurance o be | Can Dry (14%). « 81 819’ 82 paid to estates of employes who died | Can Pacific(10). 223% 222% 223% in the Cleveland Clinic tragedy, will|Can Pac(rights). o it reach about $300000. The policies | Caro CHn&O(). g3 wgs range from $500 to $2,000. | Case Threshg(6) 293 295 In a recent article in the Internal | Cavanagh-Dobbs 2415 241 Revenue News an official of the United | Cav Dobs pf 6%« 94 91 States Treasury, Joseph S. McCoy, ' Celotex Co (3)... bi% 57 actuary, stated that about 3 per cent|Celotex pf (1) 88% 88% of the millionaires of the United States | Cent Alloy(2) am 4 die annually. He estimated the gross|Cent Alloy pf( 11108 1113 value of estates in this country that|Century RibM.. 1215 1% pass to heirs each year at-about $5,150,- | Cerro de Pas (6) son 91 000,000. Certain-teed Pro 24% Secretary Edward J. McQuade of the | Certain-teed pt.. Bankers' Association passed Memorial | Ches & Ohio(10) day on a motor trip to Predericksburg, | Ches & Ohtorta, Va.. and adjacent territory. C & O Corpn(3). President Wiliam D. Hoover of the | “hes& O C (rts). National Savings & Trust Co. is enjoy- | Chi & Alton..... ing a short vacation in the Rangeley | Chi & Alton pf.. Lake region in Maine. | Chl & East 11l pt John R. Waller and Austin C. Waller | Chi Great West.. &pent the holiday at Fredericksburg and | Cal Gt West pt. & nearby country club. CHIMILABLE, Commodity Prices Higher. Chid Nwn (4) The wholesale price index of com- | Chicago Pn Tool, modities advanced one-fifth of 1 per (Chi P T pf(3%). cent during the week ended May 25 |Chi RI&P (7).. according to the index of the National | CR1& P pf(8). Fertilizer Association. Since March 9.|CRI&P pt(7). however, the index has declined 2.2 | Chickasha(3)... nd it now stands at 3.4 per | Childu(2.40) 3 he like week of 1928. Dur- | Chrysler Mot (3) ing ‘the week 24 advances and 33 de- | City Ice (3.60).. clines took place, and only two Rroups | City Stores (1) advanced materially while four leading | groups showed declines. i (L pf (5) The chief advances occurred in the | Cluett-Peab(6). fuel group, due to crude petroleum and | Coea-cola (4)... gasoline, which is seasonal. Material | Coca-Cola (3). declines’ occurred in the following | Coliins & Alkmn. groups: Textiles, grains, feeds and live | Col Fuel & Iron. 56 stock, fertilizer materials and metals. | Col & Southn(3) 102 i ) Col Gas (2)..... 1% DIRECTORS RE-ELECTED. Col G&E pfA(6). Col Graph (35¢). NEW YORK, May 31 (#).—Directors | Col Carbon t4%5. of the Standard Oil Co. of New York | Com Credit (2) at their annual meeting today amended | Com Cristpf 6 ihe constitution and by-laws of the|Com Inv Tr(34). company by fixing a minimum of nu'com InTrpt6% and a maximum of 18 directors. instead | Com Solv (h8). . of 14 as at present. The present board | Com Power (4) wae re-clected, and Frederic Ewing and | Congoleum-Nair nichard P. Tinsley were nominated for | Cong Cirs (6).. ccction at the next regular meeting. Censol Cgrs (7). RANDALL H. HAGNER & COMPANY, INC. N 1321 Connecticut Avenue. Decatur 3600 REDUCTION IN APPLE CROP IS FORECAST Special Dispatch to The Star. HAGERSTOWN, May 31.—The June drop has cut heavily into the earlier estimates of the apple crop in the Han- cock belt, according to growers. The drop thus far has been tremendous. Rains and cold weather during the blos- som season were blamed by growers. Railroad agents at Hancock had esti- mated the apple crop at from 700 to | 1800 carloads and the peaches at 200 car- | loads, as against 600 carloads of apples last year and 200 carloads of peaches, but it now may be necessary to cut deep- ly into the earlier estimates, J. A. Co- hill, one of the largest Hancock growers, declared. Yorks have been least hit by the drop, he said. ‘The peach crop in other sections of | the valley, however, was reported in fine condition and indications pointed to a bumper one with good prices in pros- pect, due to the shortage of the Georgia peach crop. GERMAN BONDS AND STOCKS. NEW YORK, May 31 (Special).— Bid. Asked. Ger Govt Red Loan with drawing ctfs attached per 100 R M.... 55.00 60.00 Ger _Govt Red Loan "without drawing ctfs per 1.000 R M... 28.00 3000 (Quoted in dollars. per miilion marks.) Hamburg 4'as 1919.... ... . 25.00 35.00 (Quoted in dollars per thousand marks ) German Gen Elect 4'3s pre-war. 23.00 2500 | German Gen Elect 415 191: 225 "3.00 Berlin d4s_pri 5.00 _8:00 Hamburg 35, 3'.s & 45 pre-war. American Line 4':s... Tas A Complete Investment Service STAFE FI'R'S'T MORTGAGES CONSIDER THE SECURITY AND THE RETURN There is a double appeal in our 6% FIRST MORTGAGES Without a shadow of risk— vou invest and without con- cern or worry you reap the liberal return. For every dollar loaned you have materially greater col- lateral in conservatively ap- praised real estate. Purchased in amounts from $250 up—cash; or upon our con- venient Partial Payment Plan. B. F. SAUL CO.:: Main 2100 925 15th St. NNW. 70% Jewel Tea 1614 Jonns-Manv(3). | Johns-Man pf(7) 1214 121% Jones&Lau pf 7. 121 121 Jordan Motor... T KLY S Kan City Sou(5) 54 5% kaufmn DS 1%. 254 25% 3244 | Kayser J(6). 78 5134 | Kelly-Spring 14 3 | Safeway (3).... 157 118% 12115 | Kelsey-Hays(2) 43% | Sateway pt (7). 105 991, 991 | Kelsey Hay rts.., 2% SfJos Leaai13). 69% 106 106 | Kelvinator Corp. 15'3 StL & San Fr(3) 113w 3815 3815 | Kendall pf (16% 92% StL&SanF pf(6) 94 4515 | Kennectt (5)... &3% SiL&Southwest. 8715 683 | Kimberly-C 234. 47 Savage Arms(3) 41 53% | Kinney (G R)... hulte Stores.. 20% 21 |Kolster Radio. chulte pf(8)... 100 49% | Kraft-Pho(1%4). Seagrave(el.20). 108 | Kresge (1.60). Sears-Roe(32%) 1 59 Kresge Dept 8. Se a Copoer. . Kresge DS pf... aron St H (1). Kreuger&T 1.34. Shattuck FG(2). 1 Kroger Gro(cl). Shell Un(1.40).. e — Shubert The(5). LagoOfl.... . 5 Simmons Co(3).. Lambert Co (8).. 13215 1 SimmsPet(1.60) Lee Tire & Rub. 14 . Skelly O11(2). . .. Lehigh PC pf(7) 110 Sinclair Oll 123 Lehigh Val Coal 234 Sinclair pt(8) Leh ValCpf(3). 40 Sloss-Shef (6). LehighVal(3%). Snider Packg Co Lehn & Fink(3). Snider Pkg pf... 467 Lig & Myrs B 16 SoPoRSut2i4. 37 Lima Locomive, South Cal Ed (2) 567 Liquid Car t4% . 1742 | South Dairfes A, 42 Liquid Car (rts). 1 |South Dairies B. 12 56 South Pac($)... 128 9% South Ry(8) 1421 GreeeT & Co. BANKERS INVESTMENT BUILDING WASHINGTON, D.C. Telephone, Main 2460 158% 105 70 116 91 90% 105 6674 116 94 88y 424 | 20t 1000 15 Over a Third of a AREARAERCTRCEACRNSRNSENY: % ARE YOU SATISFIED | WITH THE PRESENT PROGRF OF YOUR BU 5S? If not, certain elements in your policy probably require adjusting, which our corps of specialists in management, accounting, financ- ing, advertising, sales promotion, etc., may suggest. Without obli- gation to you, our representative will be glad to call and discuss yoyr conditions. Wardman Business s Service 8100l sio0 C. H. Kensinger, Business Director o :'u‘ld 1437 K St. N.W. Phone Main 3830 = Century Without a 108 Loss 121 a8 48 48 48% 3 102 5% 106% 107 69's 0% 141 145 43% d4% 97 10,00 31.00 20.00 8014 14 110% 24 40 81% 53 878 44% Frankfort a-M 4s pre-war Munich 4s pre-war.. v (Quoted in_doliars per sh A E G (German Ge Elec) . . 43.00 A E G (German Ge Elec) Commerz and Privat Bank. arben Disconto _ Gelischatt. Berliner Handels. Dresdner Bank Deutsche Bank Darmstaedter Bank. Hevden Chem Mercur_Bank Vienna North German Llov Austrian A E G 110 143 9. 37% 581 43 12 131% 144 39'00 SRR SRR AR RS R R AR THERE IS NO SUBSTITUTE FOR SAFETY Sttt S S S SSSSRSRNNNSNNSN g 13015 144 N 139% 8