Evening Star Newspaper, June 7, 1929, Page 14

14 * FINANCIAL, THE EVENING STAR, WASHINGTON, D. C, FRIDAY, JUNE 7, 1929. FINA Direct to The Star Office By the Associated Press. OLD POINT COMFORT, Va., June — — | 7—Arrangements are rapidly being | Note—The New York Stock Exchange High, L Close. Open. High. Close. Open. High. Low. Clo<e. completed for the thirty-sixth annual 15'% 15% 15 | McCrory B(2).. 9R 98 9 97% | Studebaker(15) . 77 TRy 76! T convention of the Virginia Bankers' ki » o ‘;"’"‘""' R 1% 1% 114 | McGraw HII(2) 414 41% 41t |Submarine Boat. 24 2l 2% 24 —_— Association, which is expected to bring Let us have your applications saving time. 614 61'a (1% | McKeespt Tin P1 69 69 6813 un Ol pf(6). 103 103 UL’(V 1(\-: approximately 400 bankers from | : ‘ ilew Rate on Certificates Re- S CReoNRIck . i | TR L AT ) T B Seiteea. o do b |Many Operators Await Clear- | throughout the state for sessions here or Curtiss Aero(1). 157 1614 McKsnptA 3% 584 61 L June 20, 21 and 22, officers said today NS ON REAL ABIE Power, .. At 4l AL AL licirtiepinie) ;. 120 124 Mack Truek(8). 93% 95 E. H. H. Simmons, president of the LOS flects Period of Money — [Abiinre, s joe (e 1he 1he | Cour-Ramaany ‘61 61 Mad SaGar 1%. 15| Tenn Copperc1). 185 18" ing Up of Credit N o e | Elel Adams Ex pr(6). 87y ustmeng CIVREBIRESIC) NS SaT e e i il 250 | TexantulfauIce) Tau i Augustine, vice president of the Na- Immediate Action : i ‘ e A exasGuIfSul4) 7a T tional Shawmut Bank of Boston, Mass.; Stringency. Adv Rumley.... 39% 40 3 7 7 Mallison pf(1). . Tex&P C&O (bf : Situation. Dr. E. A Aldermen, presiaent of e Courteous Treatment A 8 Tex Land Trust. 215 5 _— University of Virginia, and John J. Our record of 35 years Adv Rumley pf.. 57 7§ Debenhms al.59. 3 % 36 3 Mandel(2%). b - - . Deere&Co pf(7). 1 2 2 Man El m2g(db) 3 3 Thatcher MfR... 2 | Driscoll, jr. of Philadelphia. certified IREAS”RY UFFERS ’—NEW YORK STOCK EXCH ANG Received by Private Wire ST[]BKS IRREGULAR ‘SV.‘R'Q?J'SL"AQ.??:? ?AEET'L;':,,::“EZ:O“: — e Alr Redetn (13). 134 i BY EDWARD C. STONE. Arwarm (1) Del & Hud(9)... 1 F 921 | Man Shire(2)... o 9t | The Falr(2.40).. 35 % 3 BY STANLEY W. PRENOSIL, public * accountant, are’ among - (he ||| SPeaks for itsell. ! aska Juneau.. 5ls 55 Dol L & W(17).. Market St prior. e 241 The Falr pf(7).. Associated Prass Financial Editor. speakers on the program. H R “ co The Treasury, in announcing an is- | Albany Wrap Pa 1515 15% £ Den RG Wn pt.. 6 Marland Ofl. . 3 36w 34's 3 Third Avenue. .. | " Entertainment features include danc- el’cy . Nusse! » “ue of $400.000.000 o nine-month cer- [ Alleghany Corp. 35's 35!y 34 Detrolt Ed(8) Malr-Rock (t4). & § 4 i3 | Tidewater AsOf) 4 NEW YORK, June 7.—Efforts to ex- 16 DRI GOl il o os ficates of indebtedness paying 5'x per | Alleghenyrts... 5 & g L 2 s ¢ Marmon Mot(4). Y 3 TIAWASOIpf (8} 9 tend the recovery in today's stock mar- | a1e; d 1731 K St. N.W. = v Alleghny pf 515. 101' 1011x 101 1011a 4 ¥ e e annual banquet and a bridge party for | hx:r,p:"a;d!:(rr:lrzm[or thadrsbitimein (A R e 0on Efa‘nfinku(f:;) ‘i:”ai'n';':f;:.rf’fl' ) 4 :I'::-;gfl"“'r‘:i’) | ket met with increasing opposition, | the women attending the convention. joney that ias A . 2881 2881 285 285 | ioma Minesi1). % 9 915 | May Dept S(4).. 5 | Tim Det Ax 1.80. 231 | giving price movements an irregular | lsen faced for 189% 198 189% 1954 | Domin Stores(3) 4 5 Maytag (12).... 2 2 Timken R B (3). 3 | trend. Trading continued largely pro- S . . 28" 2 Dol S S &AL BE. o 4 ) ; et o essional in character, with the out- Ae in oxcess of : - 41 Dunbill Int (24). 65 65 Mexican Seab. . ; $1% | Transcont O1. . . 2 | side public still on the sidelines pend- | §7 c 7 . he 5 per cent re- 313 | Dupont (1434).. 168 168 5 | Met Gold pf 1.80 Trico Prod(2%) 5 56t | Ing a further clarification of the credit | onsult Us Regardmg a 3 > 99% | Mex Seab O (rts) 2in x| TruaxTraer 140 2 20 | situation. | % e Am Brown Bov. . 3 O e Miami Cop (4).. 42 4 | “"call money renewed unchanged at 7 | Your Maturing Mortgage ystem in order to N ; 91 | Bastman (18)... 1 Mich Steel(214). 95 Undwd-BI F (4) 20% 122 123% | peT cent and apjeared to be in rather | e the Cilben AmCan (140). .. 138 1304 136 130 Pt S i Lkt Mid-Cont P(2).. B3 35 30 | Udwd-ELF pf(7) 1 23 123 1230 | more plentiful supply at that fgure. = 'a y(6). X sl 273 Middle States. .. Uin Bag & Paper Time money rates showed no change, - s n| m— P - kit 2 .o 7 “Tite Treasuty felt 4 AmChampt(h. 1 71 T Blec AutoL 4%, 133 1514 13 SMid Statescrs.. UnCardide2 0. 6% A1i s aithough an " increacing voume o | | LONG-TERM REAL ESTATE LOAN i e 3 Am Chicle (3).. 63 84 o CthmE . s Minn & St Louts 2u | Un ot Cani3y. 49 funds is reported as being loaned fust | his course by the Am ComAl e 504 ElecPow&Lt(1). 68% 69% 6 M St P&SSM pf. Union Pac(10). . above the 8 per cent level. Wall Street | 2 2). 3 T St . 4 ! e Am Encaua (2).. (K Bk am ElveStor 8 6). 0 & 1 | MStPESSM 11(4) Un Facific pf (4) 2 still fears a series of call money flu 8 H 3o Kan & Tex 5's | Unton Tank(5).. 131 13 31 | ries later in the month, and this prob- j S TanE ot eriinE QN | A i BOr Bow 21 9L 91N 90N I8 innaciounis). ? 681 6 | Mo K&Tex pt(7) Utd Atr & Tra 5% 116 | ably is keeping many speculators out | ates in March at ot ;8 81 lendieowprn).. 19 125% 12 Missour] Pacific. Utd Biscult 1.60. 4315 45 4314 45 | of the market until after the turn of A : - = . e pf. S 1y. 52 Mohwk Car 2% . 7 69% | 1itd Cigar St(1). 2 K the month. ’;;:)ughnte‘eubfccnr:)! Nathan B. W ».-...I:m f{orv“:af;lso. % 674 7 E':fii}:‘ffldg”»x\:,’,' s3n 5L Mot WaTa et 1101 | United Corpn- 4 A | Cissing e u . m Ice 3 3 3 = - 9 on A . bl e J “orpn pf(3 6 5 e tons of only $523.000.000. the oversub- | Am Internat 64 3 i L Morrel18Co3.60. 7o 795 | Ot Dhemous ) 1 *| Liquidation of radio sent that stock 4 pusiption ihetgi {ar below that Which |Am LaFraFoam 51 by SlEal s o Mother L (40c). 3% 8% Utd Elec Coal. 3 3¢ idown close to 8L Cnmmnnfiwral‘t}: We Make First Mortgages on had been anticipate e setie, | AT, CavEanceint 600 B ool vmis sy | [MEIHSHLIGS 38 200 Utd F 6 { Power fluctuated within a 5 to 6 point | 5 e g Alio is now selling in the open mar-|Am Locomot(S). 120 120 119 120 | Bureks Vao (4 P Al oo Marer A" 17" 17 e range and United Fruit sold at 116, the Homes, Apartments and Business Properties in the Distriet of Columbia ket on a basis to yleld slightly in ex- | Am Loco pf(7).. 114 114 f,:z::fi".l‘,’g:’ e 341 Motor MetA ctrs 17% 17'% US Cast Ir P(3) 3 year's lowest figure. Later buying of and Nearby Maryland and Virginia cess of 5 per cent. Am Metals(3) 55 & 3 Uil o . 3 Motor Prod(t7). 106'; 106's Usc 1st 1.20. the utilities and the renewed strength ‘The decision to jump above the re-|am Fiano pt . M v 3 4R s D ercial solvents, which touched siscount rate was reached aftcr many | Am P& L (§1). . Cuirbanks(3)... 4lls 411 s LGy - ks N of ‘comm v 7 94 S L X 3 2 13 1S irreguiarity at the ~onsultations. and it is understood that | AmPo&Lt pf( 4 100 100 | Fashion P(k2%) 66 7 \\’IVAIIVIIE;!LJ:(;E(I(J)‘ : " 3.\4 2% ”;21:‘::!:3'9:(1) 6 2?;} ol e RANDALL H. HAGNER & COMPANY, INC. it was one of the subjects considered | AmP&Lpfetab. 0w 81 804 &1 |FedLt&Trazliy u2i, 9 9 i i : U S Alcohol (8).. i 1691s 1627 169 One of the most important news de- i 4 at the rm\l;f'r"r‘xirv be:,wrm the ;Pfl:‘\r:: AmRa&Stdsats. 45% ’F:g‘ifo'f{;f"‘;:)‘- S 105 | Nash Motors(6). Ben 845 83 US Leather 23% 2 2% | velopments of the day was the decision | 1321 Connecticut Avenue. Decatur 3600 Reserve Board and Tepresentatives | am Ry kix(6). .. 5% 1504 15 .1y N SR L 3 el 5 of the New York Federal Reserve Bank | Am Republies. .. 504 0% 4o~ 43 " | Fidelity-Phoenx 100, st o | © S Heaity (07 L k| Ofthe New York Stork Seenniiie 1o | IN\M¢rs7se Loan Correspondent, New York Life Insurance Company who were here yesterday. Am Roll M (c2). 109% 111 109% 110 ;'Ifl‘:‘!:""(‘z')clv _ = ' ¢ | Nat Bellas H1l. 5 52'a b U S Rubber..... 49 trading. General Electric declared the | Williams to Address Bankers. IR e 85 | pnensmbecess. f ¢(6). ity U8 kub 1at p usual regular and extra dividends, the Nathan B. Willlams, Washington at-|am Snip & Com. 4% 4'4 3% 3% |First NP 1st(8) 115% 115 5 5 e ot J B EmSIec e, o4 5 5 stock rising about 8 points in expecta- p & Co - h SR S t Dairy ($1%) 634 U 'S Steel(7).... 169% tion of new business through the re- torney, will address the New York State | xm Sm&Ref(4). 100's 100'3 98 Zirst NatS(134). 6 66% | O e e u o Bankers' Association at the annual con- | Am Stl FAya(3). 64% 64% 6315 6314 | FIsk Rubbar, ... R + | Nat Dent Stores. 9 Selpf(). - 140 cent announcement of new electrifica i v 791, | Nat Distiliers. . 514 | US Steel new(7) 1703 17 4| tion projects. vention in Torgr;"o.[%anfidflim ":";b"::}z{Am Stores (2)... 68'a 68% 684 6 n:‘-.nh'w" f"l“lfi 9 tDistirs pt(7) USSteel (rts).. & The line of least resistance was still EQUIP ”}ITH GOOD YEAR speak on the 18th of June, his s Am Sugar (5)... T8 T8 T84 T8 rsheim pf(6) ) NASLGRAI8) o ; ; 5 | Uni Leaf Tob(3) 176 7 upward at the opening. Air Reduction oeing isiness Relations With Gov-| Am Sugar pf(7). 104% 1041 104% 104% | Follansbee 1215, t Pow&Lt(1) Uni Pic 15t p(3) B5% 85 5 5 = v 3915 3 1 3915 | B Ci . F opened 13; points higher, at 134, a new ‘rnment.” The New York association | Am Sumatra(3). 3913 391, 3913 3915 | Foundation Co NATHASIRTGE .. 7 UUI PEL AC2). 431 431 42 Sheh record. and General Rallway Sig- Nat Tea (1%)... B Vadasco pf.. 3 97 9 recorded by American Water Works, 17115 171 Nevada Cop (3). 45 1 5 514 | vanadium (14).. 7 hone, Gold Dust, The directors of the Federal-Amer-|Am Type pf(7).. 110 110 110 | Gardner Motor.. 14 2% | Newport A (3). . 5 Van Raalte 6, 367 g‘:’ffi?{ Dgfi":'phggogucix. St. Joseph ican National Bank elected Aubrey O.|AmW W&EI(c). 114 4 114 122% | Gen Am TC(34). 87 & Newton Steel (3) Vick Chem(4)... 93 9 4 Ei Dooley_assistant, trust officer at iheir | Am Woolen..... 19 20 19 Gen Asphalt BG83 T 8t | amomOtesics) o B i Lead and Real Silk Hoslery. mgl meeting late yesterday, President John|Am Woolen Bf.. 45% ¢5's 454 6 N Y AlFBr(3)... 45 VEICEr DGR 118 s few goft spota) Poole announced today. Mr. Dooley |Am Writ Pactfs 10% 11 10% i : sl D I s L el 1| dropping 1% points on the frst sale. has been with the Federal-American | Am Zinc. 200 29% 29 3 54 i b s et L e ke 1 e e O S since February, being formerly con-|Amaconda (7)... 106% 106% 105 105' | Gen Cigars(4 o7 NT CBL pecey. 1000 T o VaiAs et s 08 nected with the Commercial National.|Anaconda (rts).. 20% 20% s | Gen Electrle 16., 278 ; NI Dotk <~ caee. 40 W- Retention of the 5 per cent redis- He is a native of Virginia and after | Andes Copr (3).. 50'x & GanFlec ap(80e) 11 N Y & Lack (7)., 105 5 Wabash count rate by the New York Federal graduation from high school did secre- | AnacondW&C3.. 66l 66l 66'% 66% | Gen GAEIA 176. 80 NYNHA&Hart(4) 109% 109 10714 107 | Wataorr 1%y 84% i Reserve Bank, coupled with the drop of tarial work for a time. During the war | Armour Del pf 7. & 8T BT Gen Gas pf A(7) 109 9 NY NH&H pf(7) 121 24 2 Walworth(1.20) . 3 3,7 184,000,000 in brokers' loans, was off he served overseas and on his return | Armour IlI(A) Ilta 1l Gen G & E1 A(8) 123 9 2 N Y Stm pf(6).. 985 9 Wara Baking B - - set to some extent by the relatively | rntered Georgetown University Law | Armour 111(B) 6n 3 Gen Mills (3)... 69 697 & Norfolk Sou 2%. 3 35 Ward Bak pf(7). 7 high coupon rate of 53 per cent on| School, graduating in 1924 and being | Arnold Con&Ce 23! 234 Gen Mills pf (§) 9515 Norf & W pf(4). 5 | Warner Bros Plo the new Government financing. This | admitted to the Virginia bar in Decem- [ ATtloom (2).... 24's 24's 24%4 24's|Gen Met(+3.30). 734 NorAm bl0% stk 1184 Warner Pie (n). 8 marked the first time that a Govern- BEr of the'samo iyear. Tast: year he|ASSOADDRTeicd) 5T 56% 5615 | Gen Mot deb(6). 10713 NorAm Ed pt(1) 100's Witaee-Guio g 58% | ment loan has been floated at a higher took an LL. M. degree at National Uni- | A! 3 45's 454 44 444 |Gen Mot pr(1).. 1231 127 231, | No Ger Ld 3.41. 5315 5 y Warren F&Pio : interest charge than the discount rate versity. 951 96 951 95 | GenOutA(4)... 49 49 49 Nor Pac efs(6).. 101 Webstr-Elslohr.. ; and probably was necessary because Mr. Dooiey has been a hard worker 45l 45% 43 434 | GenOutctfs(2). 39 29 261 361 | Norwalk Tire... 3% 34| Wesson Of (2).. 3914 3 | other short-term Treasury notes are in the American Institute of Banking.|A!Ch!Sop(10)... 216 216 214 214 |Gen Ry Sig(5).. 112 Wesson O pf (4) 6. 4 : selling around thai yield basis. He holds a standard certificate and is | Atehison pf(6).. 102} 1024 102 102 | Gen Refrac t3%. 75% 7 011 Well Supp! 9 9 9 91 | W Penn Ei pf(7) 103 6 Public Utilities continued in the fore- second vice president of Washington | At} €0astLi110) 187i 187} 186% 186% | Gillette S R (5). 1057 105 Oliver Farm Eq. W Penn EI pf (8) ., | front of the early advance. American Chapter. He has been editor of Dollars | At Gulf ‘p'f"""‘)" R LR T e T 3 34% | Oliver conv (3).. 5 West Vaco (2).. Vi ‘r}:e'ly':!;r?sp':’xg;:! o 5 59 e % 500 5 i e o 9 7 a . . e it Dasy thive yeurs anc A mercia)” 6s™ esti era Slgaen ety 1008 B W DaTAe) db S0 0w 50 |G UNS ieetric croased 101 (o & new then forget about Tires . . . :\l” al of governors for twWo| ,ijasPowder(s). 94 94 94 Gobel (Adolph). 47'3 & Orpheum pf(8).. 7 & Westn Dairy rts. g . peak, but Commonwealth Power ran | 7 o s kPR 13 13 13 13 | Gold Dust (new) 61 59 OtinSteel....... 3 5| West Marylana. 210 into some profit taking after an early Safety at “70” Savings Bank Increases Stock. Auburn Auto J4. 254 255 252 2 Goodrich(4). % T Owens-111 GI(4). 79 West Pacific..., 35 3 gain of 1 point. Pursuant to decision of the Wash-|AUtoSales...... 301 324 304 32 |Gaodrich pf(1).. 118 117 w West Pacific pf.. & 5 5 | " United States Industrial Alcohol, ’ ington Mechanics Savings Bank to in.| AU10 S81e8Df(3) 40% 40% 40% * 40% | Goodyr T&R(5). 117% Pacific Gas (2).. 59% 60% 595 West P Po pf(7) 115 5 A 4i | which is reported to be showing large | B N H crease its maximum authorized capital b Goodyr 1st pf(7) 10115 Pac Lightg (3).. B3% 84w &3 Westhse A B(2). 46 current_earnings, was_quickly marked Stock from 5,000 shares of par value of | Bald Loco pf(1). 116 116 114% 11415 | Gotham H (214). 48 Pac OIL Stubs. It Westinghae(4).. 153 156 up 5 points. Frank G. Shattuck, McCall $10 each to 10,000 of the same. wap-|BRIt0&O(6).... 119 119 117% 118 |Gould Coupler A Packard Mot 15.. 136 3 | Weston Electrie. 2874 | Corporation, and Continental Baking B GOODYEAR TIRES rants have been issued to stockholders| B & O (rights) 24 2% 214 2% |Graham-Patge.. 9 | Pan-Amer Pet B. 61% 5 Westn ElecA(2). | sold at new peak prices. American Can, of Tecord May 31, giving each the righ;| ESDE® Ar(3%). 724 T8 Tz 72 | Granby Min (7). Pan-Am Wn B.. 1 White Eagle(3), a: 35 | Bethlehem Steel, General Electric and to subscribe to & share of the new|BSAPE&AFDL(T) 108 108 108 108 | Grand FAW (1). > | Paramount-F-L White Mot(1). .. s 42 Curtiss Aeroplane also were i brisk de- || 3436 14th Street N.W. 14th St. at Newton Stock at $20 per share for every share| BAFDSGallA (3). 42 2% 42 42 | Grand Unon.... : % 25 |Park & TIN33).. 39 500 | White Sew Mach : mand. : of old stock held. Warrants, tramsfer- [ bayuk 13t PL(7). 1004 1004 100 100 | Grand Un pf(% 4 Park Utah(80c). 3 | White SM pt(s). 3 New Haven sold up to 1093, the ||L AbIo. divistble: and exerciobiat oiGr [ Beacon OIl....0l “26% 26 25K 25% | Granite City St1. ‘4 Pathe Ex.. ) Wilcox O1l & G.. 2 211, | highest price since 1913, when the stock | conditions set forth 1 tho morcer cor | Bescn-Nut (8).0 78k T84 78l | Grt North pf(5). 108% Pathe EX(A).... 2 . Wilcox (A) 2%.. 45 & touched 120%. and Erie common cross- pire after noon June 29. > s‘"{”.’lf"‘"" o (e | Grt Noro(a1%). 297 3 Patino M (3.89) s 375 Wilcox Rich B. p | ed 81 for the first time. Chesapeake & : ost& Co(3).... 84 3 #3 | Grt WnSug280. AT 37% Peerless Motor. . : ; illys Ov c1.20.. 2 2 | Ohio_advanced a point, but Missouri | 5 Gouts, ite president. T 1o0s; T 15as| Bethishm SUH’ w9 1007 98y Greene Cana(3). 116 1434 Penick & Ford. .. Wilson & Co. 9 . | Pacific common was again reactionary. SAFE FIRST MORTGAGES took over the two b!“lnches Df' the P;O-I Beth Steel( rts). L) o Guantanamo pf. 50 50 5 Penn Dixie Cmt.,. Wilson Co pf A.. 9 9 Foreign exchanges opened steadyv, ples Commercial & Savings Bank and BohnAl&Br t3% 1154 116% 115 Gulf Mo & Nor.. 44'% 44% Pa Dix Ct pf(7).. Wilson & Co pf.. 2 5 with sterling cables unchanged a now maintains & main office at Eighth| ponn mieseries. 3% om ow o R Penn R R (4) " 8% "‘w;_onllwortrl.‘(c).. 0 220 | $4.84 15-16. i eries. 74 T 7 Hacknsk W(1%) 26 26 | Penna RR (rta). oolworth new. &9 591 e u&:};&”:&:::l-fldnzq?:fi; BordenCo (3)... 88% 89% 861y Hack W pfl‘l*‘l’. 27% Foople'a Gas(s). Worthn Pump.. 50 50 50 50 Lot SR NEVER ANY East Capitol streets. Borg-Warnr(J4) 116% 116 113 Hahn Dept Stor.. 35% 3 Pere Marq pf(5). 5 Worth Pump(A) 84 844 844 E4%| ‘The buying movement gained vigor . Boston & Maine.. 101% 108% 101% 101% | HamiltonWpf (6) 102 Pere Mara (18).. 16 5% | Wright Aero.... 121 123 117% 118 |during the morning. When United | 31 1] - m»é’."’?&“,#.'fié‘:'.“&&?'&“ls’&é’a’flfia Brisgs MgFCo.. 34w 36% 233% 3¢ |Hara Walkr() 60K Phelps-Dodg(3) 63 3 Wrigey ((t3%). 75 75 74 74| States Steel was sent up 215 points 3 QUEST[ON OF surplus a £ rockwy Mot(4) 50 b1% 50 54_"- Hartmn B(1.20), PhilaRaT pf 3%. 9 9 —_—Y above 171 in response to record May B o _m:;‘ 33$V‘lde&ffg:’§'_:l'ewfill°5l;e Bklyn-Man(4).. 66% 66% 654 65%(Hayes Body(hs) 9% | Phila & RC & 1.. 19 9 8 s | Yellow Truck... 89% 41% 39% 40 |ingot production. A number of the RETURN $100,000 and surplus and undivided | SX.72URGas(5). 180 180 1764 176\ | Helme Geo(11). Phil Morris(1) Younz Spg 12%. 60% 60 60l 60| high-priced issues developed exceptional profits, $155,000. For the past three BrownBhoe(3%) 35, 3914 29 39| Hershey Corp. Phillips-Jon(3 5 Youngsiu Sh(5). 132% 133% 130 130' | buoyancy. Commercial Solvents jump- s : vears the bank has paid a regular quar- | pacyro s oty 100 (29 28% 284 | Hershey pf(4).. 3 93 | Phillips P (1%). ing nearly 20 points to a record price —from an investment in our terly dividend of 4 per cent and an| bucyrosor\P) Lo 1Ak 112 112% | Hersney or of(8) Phoenix Hoslery 3 3| 1o.gilourly Sales on N. ¥. Market. =~ |,i°350. Utilities were again rushed up, HookInavaTc10) . 466 ittty 10:30am.. 475.300 12m... 1.487.300 : extra dividend of 6 per cent, mAKINg , Bullard (1.60):. 48 48~ 471 471 | Hoe & Go A, ... Pierce-Ar pt (§) gt a7 | 1:80pm. 2088400 2:16 pm 24s0s00 | Aeriean, THater WWorks, soariag 6% FIRST MORTGAGES :‘z’e "r’“ “é"* on an annual basis of| Burns BrosA(8). 99 99 99 99 |Hollnd Fu(e2%4) 35 85 85 33 |Pierce Oil.,..... 2 2ix| Diviaend rates as given in the above table g‘,’,;‘tm“’,{,’,,,‘:;"; e u:,’_, nice ?;:f," 9 per cent. Burns Bros(B).. 23 23 23 23 |Homestake(t7).. 75 Pirelli (A) 2.83.. 56 5o | Are e annual cath payments bused on the | Ejectrlc jumped 8 polnts on declaration | Bullding Assoclation Elects. BurnsBros pf(7) 100 100 100 100 | Houdaile-H 1%. PIUtsCC&StL(5) 1004 | 0 ot P ding “less. than. 100" shates. | ers climbed 9V, points. Call money Th te of vield is fixed and “The following offi Burroughs (15). 815 316 312% 312% | Household(14) 5 5 54'a 56 |t Partly extra. 1 Plus 4% in stock. # Plus 4 h diat 7 e rate ot yield 1s hxed an O Sollowing officers and directors of | Bush Term(gz). 0% 60% 50 0% | Howsiom O, | $35in preferred stock. ¢ Plus 1/25 in stock. | newed unchanged at r_cen! 1 : Paid this = Iar rate. b Pay- ver @ Third i raries—: i organized in 1861, were re-elected Ves- | Buiee & moncas. - in Crse Cen 1% Abie'in Stock, ¢ Plus 5% In stock. d Pay- 0 never varies—and is promptly ferday at the anbual meeting:” Presi- | B LTS T Sk e i el T e MRS 5 TRORS P e e Loans on Autos of a paid. You can rely upon the . ; ; secretary, S iany S0k Partly ‘stod s ] M Henry E. Deckman: treasurer, Charles | B340 & COyEry 1hi 111 111 diaa| o0 MOME- 4 4ve 4 @ b [k R Bl 0 R Sl B e ot Cintary safety of the principal—and the L T B L — Tilinots Cen(7) Postum (3) T | Uifica Clear Stores common stock. B Plus Our Only Charg i entury Setouy arl Haneke, G. H. Schulze, John J d 384 138% 1371 17 . b i e A . s - ; i . Kolb, H. J. Mattern, William F. Ochen. | Cali Packg (4). » T 7% 74 | IndO & Gas (25 ; 350, | Prairie O1l&Gas. b7% | Quick Service—Confidential Without a certainty of the interest. A 5t G Callahan Zinc. 2 2 2 2 |Indian Refining. Prairie P L(t4).. 60 b g"fi:u,:.“:“c'ha‘r}m'g’gfl:;‘"' Chapin | caiy & Ariz(10)- 120 129 128 125 | Indlan Refs ctte ' 31y | Pressed StlCar. 1%l 8 7all S sef UNITED LOAN CO. I : u - : Cal& Hecla(4).. 43% 43% 42 421 [ Indust Rayon. 93 Producers&R pf. 43% 4% 41% 43 Wall Street Briefs Rasslon: Viscisia o0ss May be bought in amounts A L B. Delegates Off for Tulsa. |CanDry (14%). Sil 847y san ‘« [ Inland St1 (3%). DODie v, 2% 98K : Just_acros n?‘n’na ot ite Bank | $25 The big delegation from the local |CAR Pacific(10). 226% 226% 224 224,% | Inspiration C(4) Pub 8 NJ pf(7).. 119 4 9 ust_ac e e—Opposite Rani from $250 up. chapter, A. I. B., leaves here tonight | CAP Pac(richts) — 4%~ 44 ~ 4% 4w | InterboroRapTr. 2 Pullman Co(4).. B81% By the Associated Press. | for the annual convention at Tulsa, | CannonMills2.30 38)» 384 3l 3Rl | InterconRubber. 2 o | Pure Oll (1%) 28% 2 2 2 Gold imports this week totaled $ il Cur Cl&O sta(5). 96 96 96 9 Internat Agri. 9% P'ure Oil pf(8).. 1134 3 3 710,00, of which $1,530,00 came from | S eatining & special train DRAMING | Gase Threang(s) 320 33l 323 | Intl Bus Ma (5). 190 190 190 190 | Purity Baking.. 125% 24 124 | Argentina _and $180,000 from Latin ENTERPRISE SERIAL delphia representatives. Frank M. Per- | Cavanagh-Dobbs 2414 25 | IntCement(4). 3 et America. Exports amounted to $105,000 BUILDING ASSOCIATION | B F S A U L C O . . = is one of the largest organizations of | Am Tel & Tel(9) 210 210% 209's 209's | Fox Film A(4).. 854 3 oy | Nat Ry Mex 24 2 2 2 5% | o 1 showed initial gain of 2 points. the kind in the country. AmTel&Tel(rts) 3 4 % 3% | Freeport T (4).. 465 15 123% | Vadasco s: o - Am Tobacco(8).. 172 172 170t 1703 | Fuller pr pf 8.68. 105 106% NetmupDII(IE).. 122 Lol il Initial gains of & point or so were e0e0 0 3 1 1 1 1 Dooley Assistant Trust Officer. e Tobacin®). 1114 Celotex Co (3) 60 int Com Eng(2). Radio Corpn. ... 4 to Mexico. Earmarked gold held at the e O e Dter meadt |icanwuirre(2): 326 31 | int Comb pf(1).. 10114 101 14 | RadioCo pf(3 i) ' 5 i |New York Federal Reserve Bank un. Tth St. & La. Ave. N.W. and T. Hunton Leith have already gone. | Cent Alloy(2)... 44% Y Int Harv (23%) L A Radlo pf (B).... changed. 62nd Issue of Stock Now Open the s ol three “past | Certain-teed Pro 25 2 Int Mtch pf 3.20. R 1% | Radlo-Keith(A). 3 oo for Subectiptiv ;?,,:,;,,,'{; & e "{3,“",;.,",5{‘;,_ 25 | Cerro de Pas (6) 97 | Int Mer Mar pf 3 RS Ceofs(4). Sales of D. Pender Grocery Co. stores| syt Certain-teed pf.. 74 Tnt Nick,Can 80e 4 7 74 | ReadingRy (4 in May increased to $12318,057 from| P e e D wWia® (Ches& ONI0(10) 217 218 216 216 |Int Paper pf (7) Real Stik Ho % 82 y $1,277,886 in May 1928. Money Loaned to Members Ches & Ohiorts. 284 28% 28 2x% | Int PaPoA2.40. 2 2813 | Real Silk pf(7).. 3 o '5'223 3 n%;‘é?onhdeég y‘:”é’,‘nfil"’&é‘é&"’sfl‘i C&OCorpnid) 86k 86 %6 | Int Papr & Po C. 3 21 i | Rels(R)& Co. 9% 9 m?;?rporgrsxtnp “l:)l;:r:g;rflt?t‘ a”:e::‘:fin::: on Easy Monthly Payments |/ son, Geraid Keen, John DeMaren, Wal- | SISe00 SVCD: 100 jo Lol It e 05 a8 a1 Reoas i [ chain i New $ork ‘and Hoston. i to| | St Jamen 7, She THERE IS NO SUBSTITUTE FOR SAFETY trhe rlee]::olln believe fl);ey ‘are going | Col Gt West pf.. 43t 44 43% | Int Ry CA pf(5). Republic Bra: 8 |:‘€M";fl“:“ltfs’mnrrlrc«:z .r; “; :rm“x‘)( Séff{," to bring about the election of T. Gun- | ChiBll & StPpf 50% 51 50% | Inti Salt(5). 2 2 : Kep 1 & S(4). S coritalel obl el slisrerar g2 150 ctims ton Leith to membership on the na-|Chi&Nwn(4).. 84 84% & T BeynolisNinE ulative convertible preference stock and tional council. Other chapters in the | Chi&Nwn pf(7).. 136 136 6 5 | Intl Silver pf(7) Reynlds (B)2.40. g il section of this country are not push- | Chicago PnTool. 33% 33% 33 Int Tel&Tel new 3 | Richfield Ol (2). are. ing candidates of their own as they did [CRi R1&P (7).. 123% 1 2 IntTel&Tel(rts) E G Rio Gr Oil (k2). 3 E Structural steel awards in the last mgz ear. This is held highly favorable [CR1& P pI(6). 993 9913 995 994 | Inter Dept 8(2). Rossia Ins (n) 66 | week totaled 36,500 tons compared with L Lorthia campaign. Childs(2.40). 49 49 4B 49 | Intertype(ftig) 32 G 32 | Rossia Ins (rts). 126,000 tons in the previons week. In- F el Chrysler Mot 6% Th% 724 Island Creek(4) Royal Bak P(1). 327 3244 | quiries are for about 50,000 tons against | €apital Traction Turns Upward. City Ice (3.60) 52% " — Royal D(a1.336) 71.000 tons. 4 In one of the busiest sessions of the | Cily Ice (rts). W Johns-Manv(3). 167% 171% | i Washington Stock Exchange in some ! tores (1).. 23 ) Johns-Man pf(7) 122% 122% Safeway (3).. | _Warner Brothers Pictures has bought time, Capital Traction showed more |City S0A(3%).. 49% 49% Jordan Motor. .. Safeway pf ( {the 25 per cent minority interest in strength today, advancing to 9415 and [Cle&Pitts sp(2). 4% 43t 3 Sateway pf (7).. 10 Stanley Mark Strand Co.. a subsidiary closing at 9414, after closing yesterday | Coea-cola (4).... 131 13l's Kan City Sou(5) R 37 | St Jos Leaav3). 70 of the Stanley Co. which operates at 931;. The stock opened today at|Coca-Cola(3)... 4% 48, 4 Kaufinn DS 1%. 2 4 2 StL & San Fr(3). 115% 115 3 | theaters in New York City and State. 93%, and all the sales were in small | Colilna& Alkmn. Bila Si% 51 51| Kayser J(5 StL&SanF pr(6) 94's The purchase gives the Warner concern lots, none over 10 shares. Col& Alkpf(1).. 98 93 98 Keith-Albs a3 3 StL&South 85 1100 per cent ownership of the company. The Potomac Power issues were in |CO! Xuel& Iron. 504 61 08 Keith-Al pf(1).. 105 107 Savage Arma(3) 40 : t Col Sou 1st(4) de 2. 92 ¢ | Kelly-Spring.... 15% 15 Schulte Stores.. 20% 2 Railway Age says that railroad equip- better demand, the 6 per cent preferred | o) QoR19N4Yee - 20, 0 2R 2% T2 LK. : S 1 mXallway Age says that railros 5 selling at 112 and the 55 per cent stock C:l ann)usc). e Kelsey-Hays(2) 3 3 | Seab Alr Lin 13 s passenger car: Main 2100 925 15th St. N.W, STTISIRR TR RERRR Sy ARE YOU SATISFIED WITH THE PRESENT PROGRESS OF YOUR BUSIN P If not, certain elements in your policy probably require adjusting, which our corps of spectalists in managing. accounting, financing, advertising, sales promotion, etc., may suggest. Without obligation to you, our representative will be glad to call and discuss your con- ditions. TO HOME BUYERS Our Real Estate Loan Department is at your service. As mortgage loan correspondent for : g the Metropolitan Life Insurance Company we Wardman Business -t have ample funds available for loans on your property. Kelvinator Corp. ; « | Sears-Roe(32 7 159% 155% 155% | for the Nickel Plate to be made by Pull- closing at mfi”,. :Vuhlnilo': le;:xny Col Carbon t4%. 158% 169% 154 155% | Kenneete (5) .. bt C.,,,',f.,‘f,’ b 4 | mann Car & Manufacturing Co. & Electric preferred came out at 95!2,) o Creait (2).. 45% 45% 444 46 Kimberly-C 2%. Sharon St H (1) . 2 e C. H. Kensinger, Business Director Merchants’ Transfer & Storage com: |CORCICLIEL" o5 ° spn 98 so| fmberlyCZH. 4Th 4T 4 e - Dixle Gulf Gas Co. subsidiary of 5 Jmon at 124, while Mergenthaler proved | Con CTUEPLAR 55 50" Gy go | Kjaney (QR)... 3 o | eRalita o United Gas Co., has closed a contract|# 1437 K St. N.-W. Ph. District 3830 he most active stock on the list, open- | com Cr pe B(2).. 26% 25% 25% 25% | wolstor Radio. .. 3 Shubert The(6). : 27y | Whereby the Arkansas Natural Gas Co. | A o :"d‘l;d “31“’ and closing at 104%,| Com Inv Tr(34). 145 145 144% 144% | Kratt-Pho(1%). Stmmons Co(3). B "“;,“‘P;’" ";"“ 3[5““‘“'““" ;‘;’]5-‘;"‘7-' AREERERRN S $eobie x dividend. Com Solv (h8).. 365 402 3656 402 57 SimmsPet(1.60) 3 3 32 cubic feet of natural gas y from N C C]’l Second National sold at 230 and Na- | Com Powar (14). 212 213 1864 191 | [craebe S8 wr8) 114 116 ool 2k 32% | United Gas Co. wells in the Monroe- 0 Lommission arges tional Bank of Washington at 301'2. Congoleum-Nair 21% 21% O e L e e Skelly O1(2).... 42 42 | Richland_district, Northern Louisiana, Ten shares of Columbia Sand & Gravei | Cong Cre (8).. 73 73 13 13 | Krees® Heocis. 8o 9 Stoas Sher (6. 52" 60" &6 |to the Dixie Gulf Gas compressor sta- made a new low, dropping o 88's. | Censol Cgra (7). 824 &2 82% | Krenger&T 134, ; 36% | Snider Packg Co . 12% 274 | tion at Waskom, Tex. A | Low Interest Rates Federal-American Co. common sold at| GonCigprpf(6%) 58 88 i ol - Fri el i i gl S 497, and 49. Practically all the last|ConCgrs pf(7).. 90% 92 SoPoRSut3%. 374 3 3 3 FIRM IN NEW OFFICES. S S SRR RSN R AR R R RS S R RS Sadhdetetetaiatiihirtntatatidettetettetiiiedatateted Metropolitan Life Insurance Comfia(ty part of the session was devoted to bond | Conley Tinfoil. . % A %o Ofl. . 4 South Cal Ed (2) 58 Electric Consolidated 55 and George- | Consol Gas (3).. 115% 11414 : : South Dairl 12 2 t town Gas 38 being in the best demand. | ConsolGaspf(5). 95' 98'a 9%ia s E 4| South Paci®)... 1814 1314 1304 130% | a8 s, PAPET e bty 1 Washington Mechanics' Bank was|ConRRCubapf$ 57 57 56 Lehigh Vai Coal. 2 South Ry (8) 14ah 144% n the Loew Building, move nvestment E V quoted ex warrants. Gas stock was|Consol Textile.. 2% 2% 2% LebighVal(33). 82 82 Souta Ry pf(5). 94 into its new warehouse at the Printeraft . N —— unlisted stocks were called off, as the | Container (B) 6% 6% 6% Lig M: 5 85 Spalding (1.60).. 55 5 |Monday. The company has occupied Seerc Exchange will be closed on Saturdays | Cont Baking A.. 79% 79% b e Spalding pf (7). 1124 515 112% | offices in this city for s number of € for the rest of the Summer, Cont Baking B.. 14% 14% E Lig & M pf(7) 3 134% 13 Spng Chal pf «+ 93 years, but up until this time their Financial District Notes. Cont) Can (2%). 0% 71% Link Belt (2.40). 5 50 SparksWith(wi) 63% 6: their warehouses in other cities. S = Robert . Jones, co-manager of G. M. | Contl Insur (2).. 864 56 841 Liquid Car 143 82 4 8l SvearaCopr(1). 75 iy pipcyilin 809-15th t. N,W, Maln 9486 P. Murphy & Co,, is in Boston attending | Contl Mot(80c). " Loow's (13)..s.. 55 & pie 3 " the triennial convention of the Society | Gorn Prod (13).. 934 93% Gore 5 "ou 9v |Splegel Co(dj.. 89 81 AIRPLANE OUTPUT FORECAST. Greeer & Co. member. John E. Parker, connected with | Coty, Ine (£2)... 6115 611 5H9% Loose- W11 2.60. . 2 60% SWGA&E (3%). 101% 101% 97% 97w | Bl secretary of the Aeronautical INVESTMENT BUILDING the same brokerage house, has returned | Crex Carpet.... 30 30 30 Loriilard Co. 2 2 264 26% (SAG&BDI(4). 65 65 # w . D from & motor trip to Toronto, Canada, v Ra(t1) 92% 92% 884 Loutsiana Of 3% 1o |StaOofcCal(tdy 77 77 76 |Chamber of Commerce, estimates that ASHINGTON. D/ G- Washington Morris Plan Bank, received | Crown Cork & 8. 44 44 44 LudlumSti(2) 89 89 |StdO!NY(1.60). 40% 4l 40% [bullt in the United States this year. high mmz recently by the head of this | Crucible 8ti(5).. 90 93 90 Std Plate G 54 5 | Last Eur'- production was 5,000 planes, banking system for the success he has CubaCaneSugar. 2 24 1% 24 Mae Anda(12.8i 28y 384 | StwartWar 72 71 |of which 3,781 were commercial and trading, Capital -Traction 5s, Potomac|Cons Film pf(2). 26 26 25% 25% o Hs *4a | South Datri 43 315 43 The Whitaker Paper Co., one of the Complete quiet, with 124 bid and 125 asked. The | Container (A)... 14 14 14 Lehn & Fink(3). 53% 53 |SouRYM&O cfs's 118 Building, 930 H street northwest, last l’_"roRs Cont Bak pf(8).. 981 984 AR LODONSS 9% Sparks With(3). 245 2 storage problems were taken care of by of the Cincinnati, of which he is & |Corn brod pf(7). 141% 141is 1414 1413 | ong.BelliA).. o7 27 27n Stand Com T(i). 19% 9% 204| NEW YORK, June 7 (P).—Luther b ek | Mortgage Loan Correspondent Bertram Chesterman, president of the’ WP1stpf? 964 964 964 964 | Louls GasA 1. 39 40 |StdOIINJ (12).. 58% 594 5914 | from 7,500 to 10,000 airplanes will be Telephone, Main 3460 sattained sinee he.came.lere. cmcuuln.nl“ 6 6 6 6 MoeCalCorp(4). 104 104% 102} 10214 | Stromberg (3)., 104% 107 104% 1054 1,219 military.