Evening Star Newspaper, June 7, 1929, Page 15

iIPY Newxe.- THE EVENING STAR. WASHINGTON, ~ BONDS ARE HIGHER | IN QUET MARKET U. S. Group Firm—Amuse- ment Company Issues Show Steady Gains. UNITED STATES. (8ales are in $1,000.) !‘mh l(;lh Low. 610618 10316 1 10618 1 FOREIGN. Argentinebs...... Argentine 68 Ju by High. Low. 804 994 Bales 20 rivate Wire Close a6 & 9816 9824 9612 02 0818 Close. Direct to The People 8 G Phila Co 58 67..... Phila & Read 6s ‘49 Philips Petro 6% Plerce-Arrow 3 Por Ric Am Tob 6s. Postal Tel & C 5% Public Service 4% RemingtonAr 6s 12 Rem Rnd 5% s war. Sinclatr Ol Sinclair Ol Sinclatr 01 [ o BONDS o wmws] RN PRODUCTS Received by Salee. ! | High. Lew. Cloze | 101% 974 95% 8% ©: INLIVELY DEMAND 98 | | o3 Plentiful Supplies of Fish and, Crabs Reported at | 127."‘ D. C. Market. | 101% { been one of the most prominent asso- Washington Ticker ] By the Associated Press 1 An emphatic dissent to one tariff| doctrine now in general circulation, the | gist of which is that high customs rates | may injure the Nation's foreign trade. is ‘advanced Senator Couzens of Michigan. Both as & member of the Senate finance committee, which is now struggling with tariff rates, and as con- siderable of an industrialist—having ciates of Henry Ford in the rise of the Ford manufacturing _enterprises—he Adve chi D. C, FRIDAY, JUNE 7, 1529 SOAVEEK PN 5 ANING FVOR nt of Labor-Saving Ma- nery Is Aid in A, F. L. Move. FINANCI B i MARYLAND BANKERS WILL MEET JULY 13 By the Associated Press. i‘ Special Dispatch to The Star. O TTSVILLE, 7 e T.—The NEW YORK, June 7—New securitist | prince. Georges Gounts’ Bankers: Aso. offered today include: | ciation met last night at the Beaver $1.904,000 Bickford's Inc., $2.50 cum- Dam Club near Landover and set Juls ulative convertible preference stock and | 13 for the July meeting, when officers common stock in units of one share of | will be elected for the ensuing year. each at $56 a unit. Company Dbeing | The meeting will be held at Benedict organized to acquire businesses of five | on the Patuxent River in the afternoon corporations operating lunchrooms in|and a number of members and guests Greater New York and Boston. will remain over Sunday for a fishing 1,350,000 Western Fruit Express 41; | expedition. It was also decided to per cent equipment trust certificates. |stage a ladies’ night at the August series D. 1930 to 1044, priced to vield | meeting, which will be held at the 6 to 5.15 per cent. | Beaver Dam Club. The question of in- $950.000 City of Cincinnati 45 per|augurating a service charge in the cent bonds, maturing serially Septem- | various banks forming the association ber 1, 1930-1959, priced to yield 4.25 was again discussed, but no decision was to 5 per cent. | reached. 30,000 shares Credit Utllity Banking| William S. Hill, cashier of First Na- Corporation class B voting, no par, at | tional Bank of Southern Maryland of $25 a share. | Upper Marlboro, president, was in the 50,000 stock units Grand Rapids chair and C. J. Parkinson, cashier of Furniture Co., each consisting of one | the First National Bank of Hyattsville, share of no par cumulative preferred was secretary. Others present were M. and one of common, at $40 a unit. | Hampton Magruder, C. E. Little, Henry — e | L. Norris, ’ierry %:ew!ll.GT. ;‘ Jones, 5 Tts, G. Shearman CHICAGO LIVE STOCK MARKET jamerc.'s. 8 and B0, T Welk, CHICAGO, June 7 (#).—(U, 8. De-| William P. Magruder, Hubert P. Plas- | thinks that argument is having unwar- | ranted stress and circulation just now. Buyers were on hand at Municipal| ~Both in the I“::P’!'m,;* r:l"":"m | Fish Market early this morning making | ooy and over again that we must keep 1018 | their usual Priday morning demands for | tariff rates low to avold both ill will of 10:" | marine products for their Priday dinner | foreign nations and ‘c;‘muéeur\";?:roxt our 10414 | trade, and wholesalers were amply nblel;}f{ggs ,':m“";";in.t ARG 94k | to meetiall demands. con for taking such a position. The a5t Products were reported slightly more that tnis country' doesn t sell a | 11 Tmioies the whoje < hedult move for- 100% | Plentiful than earlier in the week and worth of goods abroad, ANY-|yarg with ease and rest.” Its develop- 108% | prices, according to dealers, w t . unless the buyer finds it good | ment has been more rapid in the last D e e Ve h |12 months than in any other vear. The | increasing _reliance on machinery is BY JOHN F. SINCLAIR. | Special Dispatch-to The Star. NEW YORK, June 7.—William Green, president of the American Federation of Labor, believes one day out of seven does not_give real opportunity for rest. The five-day week is his answer. Argentine May '61. 37 Argentine 8s Uct 69 13 Argentii 8’62, 6 2% 2314 | 921y | 108 BY CHARLES F. SPEARE. Epecial Dispatch to The Star | NEW YORK, June 7—Although the | Tate to be paid by the Government on the June 15 issue of Treasury certifi-| cates will be the highest since 1921,/ suggesting no alleviation of the severe | eredit conditions, there was no effect of | 527k Of Chlle S48 this shown on sither the old Govern- | Bk of Ct : ment securities or on prime corporation | &S g3 L 2 Paper. This suggested a sentiment that | pei€|4m 34 So Por Rico Sug 78. South Eell Te) bs Southwest Bell b Stand O11 N J 68 48. TennElecPow 6s47 11 Transcont] 011 6148107 United Drug 58 63.. U S Rub 1strfbs... U S Rub 7%s.. U 8 Steel st 5. Utah Pow & Lt 68, ral tralia 68 1 1 Ausi Austria 7 964 21 6on 99 18 100 100 100 41 105 10414 105 11 107% 10744 107% | business to take the shipment. It never Weather conditions made the | has and never will sell any quantity of the peak of extreme money rates is be- | ing reached and the market is begin- | ning to discount a more favorable set | of conditions in the future. Beigium 78 19 | Bolivia Ta et '69. . The new rate of 5'x Per cent com-| goiivia g8, pared with a return of 4.90 per cent on the September certificates and of slightly over 5 per cent on the Decem- ber maturities. It is more attractive to banks than any other recent Gov- ernment issues and will undoubtedly be | well covered. Legal bonds were quiet and steady. The convertibles were dealt in in smaller volume, with the leader Public Service of New Jersey 41zs, which rose several points. American 1. G. Chemical made the best showing of the others, selling at a premium of 3 points after having had a drop of about 12 points. In che miscellaneous list there were Bordeaux 68 Brazil 6148 1926 18 1054 105W 105% 26 11415 114 1145 7 108% 10Sia 10814 17 8% 54 100ty 3 100 92 2 1 8 99% 9 1 9 101 Con Pow Japan 7. . Copenhagen 4% s 53 “openhagen Se ct 1 1 10 s 1004 100 1% a1 | a6 % 105% | At&SF cvt 43 05. 1% 215 1021 991, | 924 02 5 61 | Utilities Powr 5% Vertienies Sug Walworth 6 West Elec § Westn Union Wiison & Co 18t 6, Youngstn S & T b, RA Atchison ad) 4s.... Atchison gen ¢ Atch deb 434848, B& O SW5s 60, Boston & Maine ILROAD. . 290 g-‘" high. 74 offerings appear very attractive, the &8 |products not appearing to such good 10214 | advantage when the weather is hot 1024 There were fairly large receipts of soft 100%s | and hard crabs and crabmeat that were 100 |in fair demand at prevailing prices.| Dealers also had lobsters, frogs, scallops, | snapping turtles and lobsters to offer as delicacies. A Business Is Brisk. | Business along other lines this morn- | ing was fairly brisk, according to re- | | ports. the continued cool weather in- | | creasing the demand for meats and poultry. Fruits and vegetable offerings con- tinue attractive, supplies being received in abundance, and wholesalers were able {m supply retailers products from nearby commodities on any other basis. Take Canada, now our best cus- tomer—and I can speak about Canada freely because I was born there—they buy in the United States just to the degree that prices and qualities are | satisfactory. That's plain common sense and business, and I don't see why s0 much of the editorial writing on tariff | goes into the supposed effect our schedules will have on the feelings of other nations.” Possibly the most distinguishing char- acteristic of American contributions to international trade is the uniformity and speed with which world-wide dis- ll‘lbutfi:fle is attained. In the case of metal furniture, a fairly typical spe- cialized product of quality manufactur- ing methods, it is found that during | largely respo sib) 3 Only a lene Before | men three weeks to repair one locomo- tive, from t of_not Fifteen years ago it took from 36 to | 72 hours to turn one pair of locomotive tires. turned ber of Take the ‘steel business. now can do the work which formerly required sixty in casting pigiron. men with modern machines do as much | work as was formerly done by 128 men in loading pigiron. {42 in operating open-hearth furnaces. welding _process le. vears ago the oxvacety- was discovered. its introduction it took eight Today the work can be done in hree to seven hours with a force more than four men Now six pairs of tires can be in eight hours by the same num- men. ‘ Seven men Two One man replaces partment of Agriculture).—Hogs—Re- ceipts, 15,000 head, including 4,000 di- rect; 15a25, mostly 25c¢ higher; fairly active at advance, Top, 11.25; bulk of better grade, 160-280-pound weights, 10.75a11.25. Butchers, medium to choice, 250-300 pounds, 10.40a11.00; 200-250 pounds, 10.60a11.25: 160-200 pounds, 10.40a11.25: 130-160 pounds, 10.15a 11.25. Packing sows, 9.15210.00. Pigs, medium to choice, 0-130 pounds, 9.5 Cattle—Receipts, 2.000 head. Calves —Receipts, 1,000 head: generally steady trade; no choice steers or yearlings here; bulk, 13.00a14.00; demand from all sources fairly broad. Slaughter classes, steers, good and choice, 1,300~ 1,500 pounds, 13.75a15.25: 1,100-1,300 | ter, Willlam G. Brooke, ir., and George | W. Preceding the business YOU CAN INVEST WITH CONFIDENCE IN OUR 6% worTGAGE NOTES DENOMINATIONS _OF 1250 AND UPWARDS And so it goes. In other industries the same machine | development is at work. Take brick- : and. quantities | mAking. A modern machine can make With the spread of demand, qu |40.000 bricks an hour. Formerly one v increased. Metal fur- i :3::}»“’;‘;‘«&2 Tor 1928 from the United | man working eight hours made 450. It States were valued at $6.197.599, an in- | Would take one man a month to make | ereace of 162 per cent over the same |hat the modern brick machine does | figure for 1922 in_one hour, with the same help. e — The five-day week was adopted by the Stock market dabblers who have been | American Federation of Labor in 1926, | having a woeful Spring paying their 10, | As the American Federation of Labor 15 and 20 per cent call money interest | president says: rates on their debit balances will now | “Material progress should bring high- hote that the United States Treasury |er standards of living and life—not, for 1 iharing their burden. The current |a few, but for all those who participate offering of short-time paper approved |in the production of wealth. The five- by Secretary Mellon for issue June 15| day week is one phase of this larger bears a 5'« per cent rate, the highest |problem.” interest charge paid by the Govern- ment since 1921. A number of striking changes. Shubert Theater 65 added 3 points to vester- day's gain of 4 points. Keith 6s were up a point. American Ice 55 made a similar gain. Al of the local trac- tions displayed a stronger front than in_some time. e features in the secondary rail- road list were Missourl, Kansas & Texas adjustments. which points. and San Antonio & Arka Pass 4, with a gain of 2 points and of more than 3 points from last week's | level, St. Paul,_ New Haven, Texas Pacific. Missouri Paecific and Friseo is- sues were all better. 4 o A and distant points. 1 xu::». “s }}"‘a g:fi:fi:fi‘é]” A: | Moderate receipts of strawberries met 8/ 109% 1001 1091 | Brookion mies oe: 9715 | A fairly good demand at from $3 to $6 3 BT BTH ATRIBE e ey e | a crate, while cherries and blackberries, 1100 100 100 Sl ‘ selling around $4.50 a crate, were in 32 108%) 1084 108K ar T2 UDIEIESIED, good demand. 10187018901 i e 241y | Home-grown vegetables were received 2 1024 102% 102 e 5% | in"quantities large enough to meet de- 102'a 10815 100is | Can Nat 4348 30, 204 | mands, and wholesalers also continued T aa et 3Ly | to receive such vegetables from distant o » #3's | States, chiefly Florida, North Carolina. & oo 11315 | Alabama. Texas and California. 0 TN £3a | Because of the half holiday tomorrow 60 1088 107 894 | dealers anticipate much earlier buying 15 1184 112% 118 1004 | than when the departments do not o s 99 | close until the usual afternoon hour. 98% | " e ey | Prices of most. commodities this morn- pounds, 13.75a15.25; 950-1,100 pounds, 13.75a15.25; common _and medium, 850 pounds up. 11.00a13.75. Fed yearlings. good and choice, 750-950 pounds, 13.50 81525. , Heifers, good and choice, 850 pound: down, 13.00a14.75; common and me dium, 9.50a13.00. Cows, good and choice, 9.75212.25; common and medium, 8.25 a0.75; low cutter and cutter, 6.50a8.25. Bulls, good and choice (beef), 10.25a 11.50; cutter to medium, 7.75a10.25. Vealers (milk fed), good and choice, 12.50a15.50; medium. 10.00a12.50; cull and common. 8.00a10.00. Stocker and feeder steers, good and choice (all weights), 12.25a13.25, common and me- dium, 9.75a12.25. | Sheep—Receipts, 12,000 head: open- ing steady: native lambs, 16.00a16.50; choice Idaho held above 17.00: year- lings, 12.00a12.25: top, 12.50: fat ewes, 6.00a6.75. Lambs. good and choice. 82 pounds down, 15.75a16.85; medium, 14.50a15.75; cull and common. 12.25a 14.50. Ewes, medium to choice, 150 pounds down. 5.75a7.00; cull and com- mon, 2.50a5.75. Feeder lambs, good and choice, 12.50a13.50. 1918 export shipments were made to { more {han 100 countries. In 1922 like exports were limited to 65 count: es. > PROTECTED by careful appraisement of trained men. <> SECURED on carefully selected and tm- proved real estate in Washington and its environs. < .. INSURED against\loss by fire by standard insurance companies. INTEREST CHECKS RECEIVED INVESTOR THE DAY THEY ARE DOE BOSSEMHE(PS 1417 K St. Main 9300 Parking space in rear of office for our elients | Denmark 5%s, '55. Denmark 6s. .. DE|5%s Mch 53 Canad North 6348, Canad Pac deb ¢ | Central'Pacific 4 Cent F'ac 18t b8 Ches & O Corpn . Cnes & Ocv 4%s ! | French 7% | German EI P 8% |German 7 . Ches & O gn 4148, | Ger B 7 Ches& O 4%8'93 A | g Ch) B&Q gen 48 53. Washingt;)nAStock Er;change [|Gresks CB&QIII3Y%s, SALES. Wachington Gas 6s “B | Haiu es. . Hihgry ¥4 Chi&E 111 gn 68 l'l 3100 at 103 hington Rwy. & Elec. 45—8$1.000 at | icish Fr (taly T8 857 A Capital Traction Co—10 at 937, 10 at | (taiian Pub 87 94, 10 2t 9474, 10 at 041y 8 at 9415, lapanese 4s. . Potomac Electric 67: pfd.—S at 112 Potomac Electric 57> > pfd.—4 at 105", 10 at 105%, 10 at 105° | ‘Washington Rwy. & Electric pfd—1 at | B !4 | ing were the same as prices quoted yes- terday. Today's Wholesa’e Prices—Jobbers' Prices Slightly Higher. 8 |, Butter—One-pound prints, 44a45; tub, lgf]"'a"u-«. store packed, 30. {ml“ Eges—Hennery, 33a34; fresh selected, 90' | 33834: current receipts, 31. 1 Poultry. alive—Turkeys, hens, 30a32; 25a26; Spring chickens, small, large, 42a45; Leghorns, 35a37; wis, 30832, roosters, 20; ducks, 15a2 young. 60m5; old, 35140, 47| Dressed — Turkeys, 35a40; Spring 315 | Chickens, 48a50; Leghorns. 33a36; fowls, 90v | 37038; Leghorns, 34n35; ducks, 30a32; 28 | keats,” 80a1.00 58y | Meats, fresh killed—Beef. 22a24: veal, aes, | 23a26; lamb, 30a32: pork loins, 31a32; 101% | fresh hams, 25a26; fresh shoulders, 7% | 18819. Smoked hams, 27a2 1014 | Shoulders, 17a18; bacon. 26; . 1315, 14; Spring lambs, Gilbert D. Fish, Westinghouse Elec- | tric Co. engincer, believes the time | i coming when the welding necessary to shape steel into great skyscrapers will be done silently—that men's nerves | no more will be shattered by the ma- chine-gun_staccato of the riveter. If Mr. Pish's prediction comes true— and every city dweller is wishing him luck in making his dream come true— the persons living mcross the street from building operations will hear no | more the noise from the joining of | the steel beams. “Arc welding has proved grlcuclhle and dependable,” says Mr. Ish, discussing the future of the noiseless building operations. “Too many structures have been erected by this method, all without failure, for its feasibility to be disputed.” $100 at 103, Business Notes By the Associated Press E NEW YORK, June 7.—The Ford Motor Co. is now making four tri-| motored all metal transport planes weekly. It had previously been turning out three. Stein Cosmetics Co. has acquired the | Societe La France Toilet Goods Co. Through the American Iron & Steel! | Institute, the steel industry is to seek repeal of the present duty of 1 cent a pound on manganese. It will also op- pose an increase in the tariff rate. George M. Reynolds, chairman of the | executive committee of the Continental | Many steel fabricators now use arc Tllinols Bank & Trust Co,, foresees no| welding in their shops. Many have | early relief from the tight money situa- | constructed completely welded buildings, [3 Chi & NW ref bs Mexico Chi& NW 7 5. Milan6%s. ... Second National Bank—10 at 230 Montevideo 7s, . Columbia Sand & Gravel pfd.—10 at New So Wales b7 55 | New 8o Wates 58 Federal-American Co. com.—10 at 431, | Norway §s 1963. 10 at 49, Norway § Merchants 'Transfer & Storage com.— 10 at 124, I Mergenthaler Linotype—10 at 10413, 10 { §¢ at 1043, 30 at 104%, 20 at 104%, 10 | at 1043, | Paris-Ly-Med 6s. Woodward & Lothrop pfd.—10 at 107's. | Paris-Ly-Med 7s AFTER CALL. | Beru 6s 1360 Federal-American Co. com.—10 at 49, | Peru 6a1961.. 15 at 49. Peru 2 184 88 '8 1014 101 2 wIN 81y Bl 8 9w 91 21 11 94% 94 o 10 100 20% 100 + 10 1014 101% 101w 4 102% 102% 102% 4 101% 101% 101% 12 88 88 "8 7100 98% 100 8 1044 103% 103% 19 864 864 B6L 9 86 86 86ls 994 994 99y 131131 131 ek T84 TRy 84'h 83k B4 97 91 07 169 CHICAGO DATRY MARKET. | CHICAGO. June 7 (#).—Butter— entirely | Steady; receipts, 14,188 tubs: creamery, extras, 411;; standards, 4213; extra firsts, 3915a40¢; seconds, Chi R1&Prf4s ChiRI& Pac 4% ChSitPM&O bs ‘30, Chi T H inc 65 60. Chi Un Sta 4348, Chi Union 8ta bs... CCCAStL deb 4148, CCCaStL5sD C Clev Term bs Clev Term 5%s Cuba R R bs.... Cuba Nor 5i4s ets Del & Hud 7s 30 D Rio G West 5s. Det United 4145, nva&Ga bs irie Gen 4s. . Erieconv 4s B. Erieconv s D. riecy b3 6 rie conv ext 7 & Jersey 6 East C 55 74 Gr Trunk stdb 6s. 38a39. Eggs—Higher: receipts, 19,058 cases; extra firsts, 31: firsts, 30a30’2; ordinary firsts, 2715229 skt:élun mcxeld‘,, firsts, 311 storage packed extras, i Poultry, ~alive—Steady; car; fowls, 28a29; broilers, roosters, 20; turkeys. 22a30; d 23; Spring ducks, 28; geese, 15; Spring geese, 25. You're Fully Protected when you invest in GUARANTY FIRST MO};TGAGE NOTES o 6% 6% Send for Booklet, “The Success Plan” REALESTATE MORTGAGE & GUARANTY CoRFDRATION Capital Resources $3,400,000 B\ 24 JACKSON PLACE Continental Trust Co. 14th and H Streets Pirelli 7553 | Foiand €3 40. | Poiang 7s (ret ‘Fleertie 814% pfd—107 at sound o secured rear “eatate e . CANE SUGAR CONFERENCE. SURRABAYA, Java, June 7 (#).—One hundred and forty delegates to the In- ternational Congress of Cane Sug Technologists meeting here were re- cefved by the burgomaster today, leac ing Java officials attending the recep- tion. The delegates were from Hawali, Australia, Indo-China, Japan. Formosa, Mauritius, the Philippines, British In: dia, Egypt, America and from Ji These s investments . improved L = ¥3% | 101% | 111 sate Dprineipal and interest Let “us show you How 7you ean build up a liberal income by investing in these safe notes and bonds. Denominations from $250 up Monthly payments if desired Standard Stafistics, an authority in the business field, says the drastic de- cline in wheat prices “has already seri- ously disturbed confidence and might well bring numerous repercussions in | 5o : \anmx]s bu.mhm fields during the next | Zinc Output Declines. { several months.” “Wheat is the largest s ip-| NEW YORK, June 7 (®).—The utor o ta ceng Irgest single contrib-| ymerican Bureau of Metal Statistics can farmer, so any serious reduction in | #stimates world production of zine in its price cuts down his cash purchasing | APril at 136107 short tons, a slight de- power. Cash to the American farmer is | Crease from the March total like fresh air to the lungs—a life- == saver. A year ago wheat was selling around $1.45 & bushel. Last week May wheat sold as low as 93 cents at the terminal centers—the lowest in 15 yeats. The last few days wheat prices have | risen considerably. Still, prices are hov- {ering around a dollar a bushel, which | zives the farmers somewhere between 80 S ol and 85 cents_ This is not enougn. |~ The 1920 Winter wheat crop, accord- SHORT-TERM SECURITIES. |ing o standard Statistics, receives a (Reported by J. & W. Selisman & Co) | gross valuation of only $637.000.000, as 1087 d Ier. | against an estimated $838,000.000 at Pt 3| this time last year for the 1928 crop| (which incidentally was 30.000.000 bush- els smaller than the estimated 1929 re- | turn). s the larger crop of this vear {1s valued in the future market at about | 24 per cent less than last year. (Copyright, 1929, by North American News- paper Alliance.) 101% 1033 1094 Nor gen 78 Hav El Ry 5%8 81, e 704 P S ol | 5 | 2 111-C-C-8tLANO Int Rapid Tran bs.. int Rap Tr 68 stpd Int Rapld Tran int Kap Trans 1s Int & G Nor 1st 6, Int&GINor ad) 6s Int Ry CA 634a ret. Kan City Ft S & Kansas City S 3s. Kansas City 8 & rot Slo 8s... | Shinyetau 6% s 53., Soissons |Sweden Bigs Bl Asked | ne. Potomac Eleetric Cons. 3 108% 105% 1054 300 at 993, 2 91w 90u won Potom: Rio de Jan 8s 1948 2 105% 1054 105% Anacostia & Potomac R. R. 83 m gtd.— | <16 88% 8ci, 8By | 1104 04 Cosmos Club_41,5—81,000 st 80 Saxon (PW) 4% o 78 TS gus 904 PUBLIC UTILITY. Amer 1 108% 108% 1084 Capital Traction 55—§2,000 at 873 1017, 11024 102 1021y 55—$2,000 at "'2,‘ National Bank L 24 03n 93% T 1983—$1,000 8t RioGrDoScl 6548 & 68 86 864 $1,000 at 94. 1108 109 109 o Pauio & { 95 o8 NOTICE—This exchange will close on | Seine 78 42. . 4 50% 89% Bia and Asked Prices. 110214 1024 1023 elgn. 4% B L $4.000 at 98. 85—81,000 Georgetown Gas Qi LRI E | Rhy ation of Washington—3 &t Rio geJaneiro8%s 10 -94 934 944 Electric 65 Capital Traction Co.—4 at 94'4. i R | 9 1104 101 104 UNLIMITED DEPT. |35 Pauo 1380, HI Baturdays during June, July and Au- | S 108t 1% 82 99 BONDS. i « 55 103% 1032 1034 Tel & Pot R B 8814 86 g6 | 9103 1024 102% 10 98 7 7 JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. Arcan TELEPHONE AND TELESRAPH Compay v 159th Dividend N Tur regular quarterly M dlviden! of Two Dollars d Twenty-Five Cents ($2.25) per share will be paid on July 15, 1929, to stockholders of record at the close of business on June 20, 1929. H. BLAIR-SMITH, Treasurer. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual B Ce. 1520 K Street __6% NOTES Secured by First Mortgages 13 861 86l e 12 93% 98 MISCELLANEOUS. 23 104 103% 104 100 7 1004 1 105 108 105% 1 104 E vl | A 3 Mil El Ry & L 58 MStP & SEMb54s. Mo Kan&T 4% 78 lis-Chaimers Co | Am Chem 5348 ev Am Int Cor . % 1024 10314 1034 g8 =~ ar 3 100% 100% 100% * | Am Sugar Ref & 2 1020 10214 102% | Am T&T cv 4,/ #'30.472 1247, | |AmMT&Tcltrbn.. 85 Fruit and Vi 2 view. | tion. He reports a brisk demand for|for the cost is less and lighter beams e mfrk:['::"":r - ‘!"'m na | credit from Pommercial borrowers and | can be used in certain. places 1014 | vegetables, compiled byl’;'m M"';“fl N:W a noticeable shrinkage in bank deposits. | “Will bulldings rise much higher than S2i¢ iervion, @lurenu o “AgeiouIbiival TEees| 1o, Do e L RIIONE, Inou enasal (e they doinows EE TRl was asked: el R + | frst quarter with net income of $72.213.| “Yes, very mich taller. We may 1001 | e SAva (i €rs eXcept | against 815,473 in the first three months expect buildings a thousand feet high. T e stata: G | Of 1938: There is only one difficulty in the way 3| SrbnngeGuppiles mod ate; demand Sk ek of faller and stil taller buildings. and gins, varres poinied tvpe, 100, | TREASURY CERTIFICATES. |1t (A "f %, Fieing prolem, It pes—Supplies : demand | | ed by v. Seligma: ) an e a e i moderate, market firm; California, Xm--n-r#:ff'{q'-fiu“iyd X i it i b c“r" limis .rl\.xineerln[ (st | perial Vailey, jumbos, 36s and 485, sal. | 41 June 18, 190352, ! mon tints, mostly 5.50; standards. 45s, | 41°% [iE e mostly 5.00; ponys, 458 and 54s, 3.7524.25" | [ | standard 126'and 155 and 11s, 1.75a | §° 3 2,00, mostly 2.00. 13135 Sebr {81 7 Lettuce—Supplies limited: demand | 3'3s Dec 032 Gbu | Lght, market steady: California, crates, | == sn“:!}:&ob:nr}m,‘m' 4-5 dozen, fair quality, | FOREIGN EXCHANGE. Onions—8upplies light: demand light, | (Quotations turnished by W. B. Hibbs & Co.) arket steady: Texas, standard crates, Bkl sl mllinrenacks U. 8. No. 1, mixed No. | London, pound... " 4 Y 6% 1 and No 3 L8100, ke rdge “| _Potatoes—Bupplies moderate; demand | Brusseis. beis 62 | moderate, market ‘steady; new stock, | Reme e < 9214 | Norfolk section Virginia, cloth-top stave | Zurich. 1 1025 | barrels, Cobblers, U. 8. No. 1, 4.2524.50; | Ahent. d 89 | North Carolina, cloth-top, stave barrels, | visnn 9f1y Cobblers, U. 8. No. 1, 4.28a4.50; old | Budapsst, pen 42| stock, Michigan, 150-pound acks, Rus- | Wiafucy. wit i:‘lsfllflurnk .sd No. 1, 2.2522.35. ' (Cor- | Copenhagen. crosn """ | rection yesterday's report, Michigan |Qslo, crown 86| quotation should have " vend 235538 | Stockhoim. crown: a7 | instead of 43524.35.) Strawberries—Supplies light; demand moderate, market firm: nearby Mary- | land, 32-quart crates, various varieties, 574 | T g tality and_condition. '3.80a4.00; | Al Chaimers 95 | mostly 4.00; few, good quality and con- | AHZIEN x| dition. large size, 5.00a6.00 ¥ Ao v & api, | Tomatoes—Supplies light: demand | Brltimore & @) byt i 1051, | moderate, market about steacy; Florida, | Bell Tel. of Ca MBS T o s, g | sixes, green. ripes and turning, wrapped, | Caii: Pet” ol Mo Pacific gen ¢ ; | fancy counf, mostly 4.50; choice count. | Sa0 Capital, $1,000,000.00 few higher; Mississippi. | Che Ohio, V! h R and turning, wrapped, | ghicass, Rock Jsiaf C')lfll"\v Packing Co. Cold Bforase Wash. Cons. Title Co. 8¢ P STOCKS. PUBLIC UTILITY. Checking Accounts Savings Accounts Acceptance Credits Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Collections Real Estate Loans Collateral Loans Investment Securiti Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER, President Capital, $1,000,000.00 95t ) 1.6081.78; green, 150, 108% | Watermelons—Supplies moderate: de- | 93 mand moderate, market steady: Florida, | 96 | Tom Watsons, 30-32 pound average, | 1024 | 79890: 26-pound average. mostly 68: 28 *| 24-pound average, 50a65; 20-22 pound | g7 | 8verage, 40a45 each. | String beans—Supplies liberal; de- mand slow. market dull; North Carolina and Norfolk section, Virginia. bushel hampers, green, 1.75a2.00; best mostly 2.00; some ordinary condition, badly upfl;aed, 1.7502.00; poor eondition, low | §1" " o. 9 i as 3 | Oucumbers—Supplies liberal; demand | hily weaker; | United Dru o4 1024 1028 10814 106 1054 REY D6% 9RY R0 78 80 104% 104% 104% 89's AR et 100% 100% 100% 2% 72 72 1024 1024 1024 1044 104 1044 9% 99 29 1003 100 100 102° 101% 102 10415 10416 1044 103 103 103 99 29 Bl By 9b4 944 97 981y 98N 6914 i3] i3] 93N 9344 678 87 108% 104% ) LIt L2 61 61 61 | 1004 100 1004 | 6% Y6% B4 | No-tnern Pacri6s. 1014 10114 1014 1071y 1084 lfllh.o' UHOIK:O::I‘:C 100 1008 100% 95 o8 98 nayl gen 4 79 10 79 |Penna RR 4% '3 110 109% 10914 | Pennayi bs PTY o8 98 | Pennayl 6i4s 10115 1011 1014 | Penneyi gold s 108% 106% 1084 | Philippine RR 4 9213 9% 924 |PCC&SILbsA 100 100 100 | Portiand KiF L Top iy gon. ||/ RSt N KW 104 104 104 | percint 5C ¢ 20% 0% b 108" 103% 1950 |RIArKE L 4N 951 95 St L IM&S 48 29 100 100 L IM&S gn 68 3 300 90% 905 40 92 9y 1244 128 1005 10015 1004 YT 9TA BTN 1023 1024 102% 014 1011 1011, 1184 11805 118 91w 97 97 | 9% 9% 19K 100% 00\ 100% A3ta 923 924 99 Yah 99 i 100% 100% 100% 93 95 98 834 834 834 96% 96 26'4 64 64 64 105103 103 1124 1124 112% 10 91% 91% 9l 11044 104 1044 28 984 98, 98 7 1054 1081 1081a 4110 110 110 27 991 99\ 99 10 1007 1008 100% 4100 100 100 11 99% 9% 99 7100% 100 ' 100 | Wabash 2 58 7108 107% 107% Wabash 58 ‘76 B 4 104% 104% 104}y Wabash § 1 5 eaw 98 v 174 | Wika B&E 1st6s. 1 5 M T 95% WisCentgndes'4d. | = ) BAN}{FCLEAklNGS‘OFF. RICHMOND, June 7 (Special).— | | Bank clearings here were lower in May | and for the five months ended May 31 than in corresponding periods of 1928, according to Guy T. Mallonnee. man- + | ager Richmond Clearing House ocia- | tion. May clearings totaled $177,638.878. compared with $185.427,037 in May a vear ago. The 1929’ clearings to date amount to $017,056,827. against $926,- 770,161 in 19328. 5 Mo Pac 648 v Mob & Ohio 4148 71, Mont Trm ref b5 41. NOT&MbEHS... N Y Cen gen34s N Y Cent 48 08. N ¥ Cent deb 48 YCrtim4igs. Anaconda 1st 65 | Armour Del 64 Associated O1] § AtIGult 8 bs Bell TeI Paie B od: 1987 S S ‘ n. 88 1P s h Corp. S 1947. Bl ‘;flt" . Washington Norfelk & Wanh, Biesmbont % pld Fotomae Elec. Potomac Eler. 5i.% pfd Tash. Rur. & Elée com Wash. Rwr. & Flec. pia NATIONAL ‘BANK. National Capital Bank . PARIS BOURSE PRICES. PARIS, June 7 (#).—Prices were firm on the Bourse today. Three per cent rentes, 74 francs 60 centimes: 5 per cent loan, 100 francs 70 centimes. Exchange on London, 124 francs 4 centimes. The dollar was quoted at 25 franes 58Y, centimes el it o T, GASOLINE PRICE RAISED. NEW YORK, June 7 (#).—The | Sinclair Refining Co. today met the advance of 1 cent a galln in the service station price of gasoline made yesterday by the Standard Oil Co. of New York for upstate. The new charge cents a gallon,_including the tax 3kiyn Edison | Bush Term Bldg bs. | | Certain-Tds are! Chile Copper b Colon Ol 63 '3 slow, market dull and sli ! Norfolk section Virgini s -bu hampers, fancy hotbed stock, 2.50a3.7 South Carolina, bushel v, 1.75a2.25; mostly 1.75a | o s 10173 1 9 90 | tern ling NY NH&H cv db NY NH&H et 6s.. N Y Ont W 1st 4 DIVIDENDS. Pay- able. hington 'OMPANY. | Com Invest b3 Com Invest 6y | Ce ash—Supplies moderate; demand Tloe. mate market dull; North 'Carolina, hampers, yeliow. 1.50. Carrots—Supplies light; demand mod- [ erate, market about steady; Texas, % 584 | Western lettuce crates, bunched, 2.50; 110 | Norfelk section Virginia, !s-bushel 8% uB'a CTAtes, bunched, 1.25. i | Peas—Supplies liberal; demand light, 84 i ruhkelt hmnd\-. East ?hor- Virginia, “| bushel hampers. 125; few sales, 1.50: | Ganada 8 Lines 84 | fair to poor quality and condition, 0 S 810 Juy 2 Jumels 1085 | 1:00: mearby Maryland, bushel baskets, ATia July 1 June 30 1l s Corn—8upplies moderate: demand e o uW i 1 s 4 | light, market firm: Texas, cantaloupe 5 crates and bushel baskets, 2.50a2.75. Q L7 July June ‘ol Alp‘rllul—%urpllps light; _demand . June i i “Squi o x igh! | A',‘n“’"a’flp‘.".';mm s1.30 L Am Steel Foun- s Hu’! cveanen s 0 | M ERdOTeofy | cimptssopar @ Am Yvetts Co Ine pt ko pmeiics 2k W ferchants Ban National Savings & Trist Tnien Trust Washington Lean & Trust BAVING BANK Bank of Bethes Commeree & 8a East Washington ton:ac June 15 June 15 Jute 4 une 1§ June 20 une 15 u July 13 :h July Safe—Conservative Make your savin, 42 Years’ and surplus fune : work for you at EXperience n finsneing nemes and in the sale of these se- curities. uly unt e Denver Gas 58 DetroitEdison5s40. | Detroit Edison 6s. . Dodge ¢a 1a% July ston Mechanies FIRE INSURANCE | East Cubs Sug 1%s e Fisk Rubber 3 Gen Cable 514 Gen Mot Ae Cor | Goodrieh 6348 Gondyear bs reti Humble O1l b8 (1iinots Bell 1at b India; Inland I Unien TITLE INSURANCE. Wm H.Saunders Co., Inc. REALTORS Main 1016 te PETY J8 WORTH A Title FAW ke PENNIES Co. of Md. com - Cons. Title ptd 3 MISCELLANEOUS, rher & Moss. Ine.. com Chase Dairy pfa Sand & Gravel ptd m Natl. Co’pfa June 6 June 17 June 14 June 17 June 1 June 20 9s15 | Slow, market dull; few sales; Delaware, als | dozen-bunch crates, 2.50a3.00: fair qual- 430 | ity, 2.00; East Shore Marvland, dozen- Ga green, long, 3.00a3.50; G0 e flegm o Tyshs go.w.y"rmr & B Joldman Sachs 'fadime Cor +@ Stk 1137 July ire T fora ¥ o e 'Co' @ 13.00 B ttroim @ Y148 {roleum hew Rt Ba 1433 K ol Com bunch crates small size, 2.00 Peaches—No supplies on market July B <pecial July Hahn Dept Stores July June 25 .Y.i‘v‘ - AT ‘ 470 GERMAN BONDS AND STOCKS. NEW YORK, June 7 (Spe Gor Gout Red Loan with dr ©13 attached per Ger Govi” Red Lean out drawing cit A 26.00 3000 | ¢ "Quoted n “doliars per million, marks) | Hamburg 4135 ‘1919 3500 4500 | (Quoted in’dollars per’ thousand’ marks ) jen Fleet {1y pre-war 33,000 3500 foct 4124 1919, ... 238 300 pre-war | int Paper 65 47.. | Inter Paper 6s 2 [ Int Tel&Telek 4%s. 15 Int Tel&Tel 4 %5 cv 279 Lackawanna Stibs. & S D! SIL&BFDI4BA.. il [StLasFrins s, Ltd StL&SF orinb St LS Weon s dz. SiL & SBown 3 San A @ Arn P 4 | ub A L ref 4 59 14 8 AbAL ad) 68 BlEFERRED by people who appreciate sta- bility plus maxi- mum Safety— HOOD TIRES. July Pover cum st B e AfeCo B Snlenitcen Equitable Co-Operative Bldg. Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Organized 1879 49th YEAR COMPLETED Assets $5,513,051.68 Surplus & Profits...$1,601,704. Subtmptnol; 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 gystematic plan. 915 F St. N.W. Bid. Asked. wing oo s o oret pid iar. pa witl 31 L8 2175 o 3nd pf 81 Northessin Pow o Class A 5 Northern N ¥ Ttilities Incp Railway & Ex press Co ichfield O1l Co new Reading Trac Co | Seaboard Natl | _ Bank | St_Regis Paper 2 i al 1 1 1 Rr. Corp Mech. Mige ‘eom Wash. Medical Bldg Corp Wosaward & Lothrop pfa *Ex dividend Ex werrants Unlisted Department. BONDS, Bid. Asked. and Navy Club Ss 20 ween $1.75 50 4334 Aug. 5 July Aug. June t Lorillard bs. . s Louisy G & E 5852, ManatiSug st 7% Midvale Steel bi Mont Pow 58 43 Mont Power deb b8 Mor's&Co Ist 4%s. Nat Dairy 6% Nat Radiator 61 Sou Pacclt 4a... Sou bacific ref 4s. Sou Pac 4148 reia. . Sou Pac 4125 '69 wwi7x Sou Ky zen 4s Sou Rv Con b8 Sou Iy 65 56. Sou Ky 6%8 Term Asso St L 5 Texas & Pacific ist. Tex& Pacde C'79, Thira Ave ref 4s 60 Juiy 5 June 15 | June 24| June 10| June 10 . 3400 7 Q 7 $2.00 July July July June Dusseldorf 45 pre-war Frankfort a-M 4s pre-war Munich 4s pre-war 10 (Quoted in dotiars per share ) Ge Elec) o lec) pfd B rivat Banl Army Cit: Mei 112% July b i % HY b v 2 3 2 5 % y Club tropelitan Club &'as STOCKS. Anacostis_ Bank. .. n Departmental District Titie Franklin National Milier Train Munsey_Trust North"Capital int C v ] Z2ZZZZZZ% @ (Gen Elec).... abash st b8 1004 | T 100 934 Pacific Gas & E| bs. Pan Amer Pete 68 ]‘P:n-lmur Pete 78 mount 88 1941 Pathe Exchan Sale: Western Pacific 5. 103 | West Shore ¢s'61 High. Low. Close 97% 96 96% 8hly 85y B85y 864 66% 686%4 LLRE L B ] s 5 0 i IiB e LIRH