Evening Star Newspaper, June 9, 1929, Page 78

10 THE SUNDAY STAR, WASHINGTON, D. C, JUNE 9. 1929—PART 5. | y. Casting hasized. They point out that in|in credit at the disposal of the market, | populaize their shares and at the same | In some cases there is a fear that con- | \ ‘ ?r?ed 1‘2::.;"‘;?:13:; ::(.ainst :-Efigd\:lfi: :;nv:r:lc cases the full amount of the|CAUSINg an abrupt ease in rates. |NVESTMENT TRUSTS time to facilitate additional emissions ‘ trol of corporations may be lost by those No?]‘B#Ecel%otg‘NAsgtrDKAsTr PASSING OF MONEY St seversi cases 4 D, S O verdrar | el i roorations e I e ancluslon Jast week | Subscriptions will be distributed over & | with tne proceeds of its financing this | TO GAIN BY LISTING |, Tnere has been a broad market for B e e CRISIS NOW IS SEEN [ mency s has een aeniniteryiberiod fof hime A8 ta s FECRERIEH HEUE (BRI RIE et B EN I PR SLER M et | investment trust securities “over the | 5'Anc & I AL | o 1o the SPecial Dispaten to The Star. | | offering of the American Telephone & | and rates harden. S e o e W0 years. Like ll | requirement that the investment trust | OXFORD, N. C., June 8.—At a mee: | Action of Stock Exchange Expect- | ficulties of trading on a close price basis | yrii, Paolon @ staement showing the |ing of stockholders of First Natio s | have tended to limit public participa- | tend to reveal the contents of its port- | BAnk and the National Bank of Gran ed to Help ir Financing 2‘1"']‘-m;’;‘;;‘m:fi:"g‘:a{’ck‘x"‘;:fi’"‘ “"}"" folio. There are two schools of policy | ville, N. C., held here, it was voted frequently refuse to lend on “u"“" S | in connection with publishing lists of | consolidate the two banks under t! for which there Is no official monav @l | investment trust securities, the one |name of First National Bank of Gran . Al market. | favoring a periodic statement giving the | ville, The plans and arrangemen | passed. | The peak of the seasonal credit de-| Telegraph Co. Then, too, the mflm_v‘ B St Peak of Seasonal Demand Has mand is over, the s(m;)k n—;‘m-ll;:v has sel- | roceived by corporations in subscription | WEEKLY CLEARINGS. { | tled down to more sober habits and the | 5 i Al i z | ; ; | tiltaiic these security offerings will in a! NEW YORK. June 8 () —The, Been Met—Credit Situation S T I Toans | I0r e sure. fAind its way into the call | weekly statement of the New York Better. | that ~the bugaboo of ~$1.000.000.000 has been materially reduced. 1t Is true| ~o o temporarily, at least. | Clearing House shows: Total surplus | P worth of securities, due to be taken up| The ““"fi‘lb“fd ol e '4":"‘;6"6 »dnl:m's |, Unchanged. f wort securities. due to be taken Up| o ;ncing will be double acting, effecting | Total net demand deposits (average). It is not expected that there will be | titles and amounts of securities owned. were left to the boards of directors Special Dispatch to The Star. ‘ZI,;&"EWE"’J&.“SZ‘.SZ n: 50, rnnHlE\"\\ first an ease and then a hardening of ”“'ms'nnflss"z"'f-r;:?\"d Time d-c]poms Special Dispatch to The Star. | » great number of applications for list- | and the other maintaining that this is | the two institutions. It is thouz NEW YORK. June 8.—The money to hold out the threat of a severe strain | credit. Ry i | (Average) $8277.000 decrease Clear-| NEW YORK. June 8The privilege |ings on the part of ‘the investment | of Iittle value inasmuch as there are that the change will be made July BIRTRSE ARG L Sk Onereti e | on UhTiEN GBIt resdiiies ot ihe countey:| C1EAEIusuRT foRthe Treamuryliofanticl | ings, Week enaingitoday a8l 5. | which the New York Stock Exchange |trusts at the start The restrictions that | constant changes in the list. due to | Col. H. G. Cooper is president ‘of tt B masacierived o 'a. steadinees i | (A mamber of Anfewd observers, how. | pate the retums {rom its financing by | Clearings. week ending June 1. §7.493- | has granted to the investment trusts io| have been placed on listing exclude |buying and selling operations. and that | National Bank of Granville, and W. H marked contrast to the exciting days | ever, have come to the conclusion that| 2N overdraft a . e rlrra Reserve Clearings this day. $1310,- list their securities on the “big board" | many from this privilege. Others prefer | therefore publication of such a list is of Hunt president of the First National of the period between the end of March | this matter has been greatly over-| This. in effect. places a large increase opens the way for these corporations to ' to keep the market in their own hands. | no significance. Bank. “‘Quality That Endures” Entrance 909 F Street N.W. A 4T A Handsome Duncan Phyfe Bedroom Suite Attractive “Duncan Phyie” Period ||.~~-_mv. Suite of se- Beautiful Walnut Twin Bed Suite fsted magolis, veneers, new moiré Grih: - Comprises 5198_7_5 Phis attractive Spanish design Bedroom Suite stsoaf 48-inch Dresser. 48-inch French Vanity, T with $ _75 straight ends a Chest of Drawers with deck. Beautiful S Walilit Veneers with attractive mapleoverlays. == AR S U PR v LI Walnut-Veneer Bedroom Suite Complete Four charming pieces of rich walnut veneer on hardwood base. Strongly constructed and neatly carved. Comprises large Dresse French Vanity, straight Return-end Bed, and Chest of Draw The attractive overlays add to the distinctivene Regularly $132.50, Less 1/ and 48.inch dresser. with swinging mirror. Superbly con- structed and finished Regularly $265, Less 4 ... . Convenient Deferred Payments A Sale that Rarely Happens! New and Perfect Floor Sample Suites 7! Sales of sample merchandise are not new—the extraordinary values offered at such times are well known. But this sample suite sale is novel and different because only new perfect style merchandise is offered at a genuine saving of 23% off our usual low competitive prices, The suites offered herewith are most desirable styles, all being in perfect condition and of proven popularity. Savings range from §34 to $170—most remarkable, considering their quality! Reverse of Cushions and Throne Chair Covered in Moquette 3-Piece Carved Frame Mohair Suite Large. roomy pieces. luxuriously upholstered in heautiful mohair and moquette. . Comprises Throne Chair, Settee and § .75 Club Chair. Soft, spring foundations with loose, reversible — cushions. Mahogany frames are attractively carved. e Risgilatis 8185 Mlionst . oo e v n 3-Piece Jacquard Bed-Davenport Suite A new style suite, upholstered in attractive two-tone jacquard velour. with outside backs and sides in self-tone velour. Full size $ 25 Ded-davenport, club chair and Coxwell chair. Loose reversible . cushions. ————— Regularly $135, Less 1/ —386 Styles '—10 Ilustrated This sale presents a splendid op- portunity for the June Bride to Solid Mahogany Duncan Phyfe Suite A gorgeous three-piece suite—exactly pictured. In- cluded are: Settee, Armchair and Cogswell Chair covered all over with high-grade mohair with beautiful Frieze reverse and showing graceiul frames of solid mahogany, with brass furnish the home at great saving. Convenient Deferred Payments —are easily arranged. An account is readily opened with no red tape or trouble, and payments may be made out of income. Just a iriendly, dignified, confidential plan of deferred payments on furniture of Hand-Woven Decorated Stick Fiber Suite claws on feet. Regularly $350, Less V4. ...i..ouuneivunnin RITIN An extremely attractive stick fiber suite with graceiul rolled arms. The 3 pieces comprise a 60-inch settee, armchair and rocker. $ 87 Spring-filled cushions covered in colorful cretonne, — s : Quality That Endures Regularly $62.50, Less Y4 S S 10=Pc. Period Walnut=Veneered Dining Suite 10=Pc. Duncan Phyfe Dining Room Suite Aishanelyiand attractive] aned suite. con long extension ta china cabinet, huffe jacqua d-cove de_chair rmchair. 1 — An ideal <uite for the small home or apartment. Extension i ardwood hase. P Table. Buffet, China Clozet and 4 Side Chairs with jacquard velour $ ,12 egularly $149, Less 14 . seats. Hardwood, attractively finished in walnut, e SEASONABLE SPECIALS IN SUMMER FURNITURE On Summer LESS RUGS Including the famous Delart, Crex de Luxe, Deltox Grass and other high-grade Fiber and Grass Summer Rugs. $20 9x12 $2.50 4.6x7.6 Delart Rug Imported Grass Rug. 2-Tone Breakfast Room Set. o mtE— ]S $4.50 36x72-inch New style: two-tone enameled finished break- Fiber Rocker with loose Jaspay Rug Delart Rug. fast set. tonsisting of table with drop sides and $19,75 cushion.” @ $12.50 6x9 $3.00 27x54-inch 52.25 four Windsor type chairs. Artistically cturned & legs and neat decorations ? Crex de Luxe Rug... Crex de Luxe Rug... Ten heautiful pieces of genuine mahogany in this popular 7-Piece Dinette Suite PR b sl L b L R el Table, closed Server, China Cabinet. and six chairs with blue figured mercerized tapestry seats. Regularly $365, Less Vs o Conveninet Deferred Payments Solid Oak Top-Icing Refrigerator $q .87 » Solid Oak 1 Lawn Swing Apartment Style Hardwood frame, slat Refrigerator seats. Red and natural fin- $6'95 Popular_two-door apart- ment style. 50 lbs. ice No Phone or Mail Orders capacity. Front-Icing Refrigerator $15.95 $9.75 Solid oak construction; care- fuly indtiateds H0b ice cp. Small apartment. Guar- pacity. A splendid refrigerator! anteed food preserver, Tron Frame 1 d : Maple Arm Rocker S Caraity. e Julms Lanshurgh sfurniture o Bt g Entrance—909 F Street, N.W. e No Phone or Mail Orders Fiber Rocker Just Say, “Charge It” painted dark green.