Evening Star Newspaper, June 10, 1929, Page 13

TINANCIAL. ‘Loans on Autos Legal Our Only Quick Service—Confidential Interes: 13 UNITED LOAN CO. Rosslyn, Vlrgmm Just across I-y Brid First Mortgage Loans Fair Rates of Interest and Commission \\. AN you. portunities to invest smail sums with an interest in their growing enter- P or tuil time services may be arranged for in s SERVICE s C. H. Kensinger, Business Director { 1437 K St. N.W. ¢ Phone District 3830 m“\“m J. Leo Kolb, $13 N. Y. Ave. Dis. 5027| “W\\\“\\m - . TWO INCOMES %. Are Better Than One g Sevkrul of our clients offer op. cotpn ot " specialiata in accounting, 2 S Ssist You o nnd & St % e investment WARDMAN BUSINESS | MONEY TO LOAN On District of Columbia Real Estate CURRENT BATE: 'Ol INTEREST FLOYD E. DAVIS CO. 733 12th St. N.W. Main 352-353 ‘%\‘“‘\“\‘\‘)fi““‘m We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street THE IDEAL INVESTMENT Standard Collateral Trusteed Common Stock Shares TRU! YWNER- [ M TRADING INBONDS o e son N SMALL VOLUME Developments in Credit Situation. | BY CHARLES F. SPEARE. | Special Dispateh to The Star. bonds today was quiet and the fluciua- tions were too small to indicate a gen: eral trend. Some indications were pres- ent of withholding further purchases until the money conditions at the mid- dle of the month had been indicated and the strain of the financing at that time relieved. This was reflected in fractional de- clines in a number of high-grade issues that have been advancing for the past | two weeks, but even in these the mar- i ket was so narrow that the offering of a small block of bonds considerably af- fected prices. Convertibles Dull. The convertible group of bonds was dull and generally reactionary. De- clines, however, were at the maximum less than a point, with the largest in International Telephone 414s, Commer- cial Investment Trust 5%%s, American International 5!is, American I. G. Chemical 51;s and Atchison 412s. In the highegrade rails losses of 15 to 1 point occurred in Great Nm‘thcrn 51;s anu Northern Pacific 6s, with Canadian Pacific debenture 414s off %. In the public utilities a gain of 1% ints was reported in West Penn ower §1 United States QGovernment bonds | were quiet with a mixed price tendency. Conflicting statements are heard re- garding subscriptions to _the new Treasury 5 per cent certificates, but as sentiment concerning the long range credit situation is more favorable, it is believed there will be a substantial oversubscription for these nine-months’ notes. The publicity given over Sunday to the German debt settlement re-empha- sized the importance of this to all Eu- rope and brought in additional buying orders in foreign dollar bonds. German 1ssues, in spite of the advancc last week, were again strong. There has been & recovery of about half of the average decline that took place in this group while the rations conference was in ess. Houses that have been out of the market for Geérman issues for nearly a year are now beginning to recommend them to their clients, Other Foreign Bonds. French and Belgian, as well as Ital- ian, Japanese, Polish and Greek obliga- tions, were all firmer. Some improve- ment also oecurred in South and Cen- tral American descriptions, although these issues are still affected by un- favorable credit conditions.. o ‘Wage Contract Renewed. NEW YORK, June 10 (#).—The Western Iron Bar Manufacturers' Asso- ciation and the Amalgamated Associa- tion of Iron and Steel Workers have re- newed their 1928 wage contract for the ensuing year. SILVER QUOTATIONS. NEW YORK, June 10 (#)—Bar sil- | ver, 52%; Mexican dollars, 39%. fiterert b0 mvestigate. Standard Collateral Shares Corp. Franklin 3743, Woodward Bids. Investment Service GiLLeT & CO. BANKERS INVESTMENT BUILDING WASHINGTON, D.C. Telephone, Main 2460 Mortgages Investments JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. First Mort'gagc‘s Safe—Conservative 42 Years’ Experience n finaneins homes A n the sale of these se- curtties. Make your savings and surplus funds work for you at the highest-inter- rate consistent th abs satety. Wm. H. Saunders Co., Inc. REALTORS Main 1016 1433 K YOU CAN INVEST WITH CONFIDENCE IN OUR 67 FIRST 0 MORTGAGE NOTES 'DENOMINATIONS 980 'AND DPWARSS PROTECTED by careful appraisement of trained men. < SECURED on carefully selected and im- proved real estate in Washington and its environs. INSUI against loss by yln M standard insurance companies. TTESTER SRR BRI AR 00K BOSSEMHELPS Washington Stock Exchange SALES. City & Suburban 55—$1,000 at 9115, ‘Washington Gas 5s—$1,000 at 9915. ‘Washington Gas 6s B—$1,000 at 103. Potomac Electric Cons. 55—3$2,000 at | & 1013, pital Traction Co—15 at 9415, 10 at 943, 10 at 95, 6 at 955, 5 at 9514, 1 at 95, 10 at 943, 10 at 94%, 2 at 95, 10 at'9412, 10 at 9412, 10 at 94, 5 at 5. 93 Potomac Electric 6% pfd.—1 at 111%. prd—10" at Potomac Electric 6‘3% 105%. ‘Washington Gas Light—14 at 124. anhlngton Rwy. & Elec. pfd.—6 at Second National Bank—3 at 232. American Security & Trust Co.—10 at 451, 5 at 451, 5 at 451, Barber & Ross com.—25 at 19. Market Marks Time Pending| NEW YORK, June 10—Trading in | TiTT. EVENING STAR, WASHINGTON, BONDS oo wenwver] |\ EGETABLE SUPPLY | Received hy “Private Wire Direct to The S lkunfl Ol N J Stand OIN Y 4% ON NEW YORK UNITED STATES. (Sales are in §1,000.) Bales. High. Low. 5 964 964 23 9819 9810 83 9525 9820 2 10316 10316 10316 10 10615 10612 108 15 FOREIGN. Sales. High. Argentine 8s Ju hy. 5 9% Argentine May '61. 9959 Argeriine 6s Uct 991 Argentine 534s '62. 954 Argentine 6s A 100 Argentine 9% Lib 3% Libist4ls Lib4th ais US4s194 US4uss2. Low. Close. 9 4 864 Bank of Chile l!.- Belgium 6 Belgium 6% Pelgium 78 1956. Beigium 78 1956. 1% U4 103 10818 8% 85 100 100% Brazil 616s 1926, Brazil 618 1927. Brazil 1054 105% 100 100 100% 101 10214 99% | Bremen State 7. Canada 5s 1931 Canada 63 1952 CRRUBR AR 1KY Copenhagen 115 53 Copennag: Czecho 8s 1961, [ Czecho 8s 1952. . Danish Munic 85 A. Denmark 4 3ps. Denmark 6%s, el Flat 7s x war 46. .. Kinland s f 65 456 Kinland 7s.. . Framerican 7% French 7s French 7%s. German EI P 6}s.. German 7s. 109% 1008 110110 109% 109% t8 BBl | 100 100 109 109% g8 6 1001 6 109 94 3 995 1048 1084 1134 0214 106 9214 G Greek 851968, Haru 6s. Hungary 7% Irish Free State 6s. 4 1-m 4 100 219 1004 100% 98 98 100 100 9915 99%; 164 17 88 88 101 101 91% 914 | 101% 101% 9 95 99% 993, 101 101 102% 102% 101% 102 86% 6% 99% 100 10315 1034 Kreuger&Toll bs ct Lyon 6s. Marseille Norway 6s 1943 Norway 6s 1944 Norway 6% 19 Orient Dev 5%s ‘57 Paris-Ly-Med 6s... Paris-Ly-Med 7 Paris Orleans 5% Peru 6s 1960 Peru 651961 Peruis.... Poland 65 40. Poland 7s (ret Poland 8. Queenslan Queensland 7 Rhinelbe Un 7 RhineWst EP 65'53 RhineWst EP 65'53 RhineWst EP 75'60 Rio de Janeiro 63458 Riode Jan 8s1946. Rio GrDo Sol 65 '48 Rome 63%s. . 5 Sao Paulo 195! 1001 1001 8% T84 81 844 96% 963 1024 10214 1084y 109ty 101% 1015 94y 9dig 1051 105% B6ls Kble 83% [89 10215 203% 108 1oz J0B1s 1090 104% 104% 971k B 86'% 102% 102% 97'% 974 974 98 86% 864 Tokio 5%s 196 Utd Kingm 65%837. Utd SteamCopen 65 Uruguay 6s 1960, Vienna 6s'52. Warsaw 78 '58... 8l 82 Yokohama 6s. 93 93 MISCELLANEOUS. Abram&Straus5%s Y 104 104 Alleghany Cp 5s'44 27 90% 99% Alleghany 65 '49 #1110 99% 99 99 104 991 Lanston Monotype—2 at 127, 30 at 128. Mergenthaler Linotype—10 at 105. National Savings & Trust Co.—2 at 565. National Mtge. & Inv. pfd.—100 at 4%%. AFTER CALL. Barber & Ross com.—10 at 18%. Mergenthaler Linotype—10 at 105, 105%, 15 at 105 Capital Traction 55—$1,000 at 973 Washington Gas 6s “A”"—8$1,000 102%, Bid and Asked Prices. BONDS. % Big. Asked. 20 at 000 st Amer. Tel. & 97 100, Tel of Va. 5 1013 P g-nlm Traction R uburban 55 Georsetown Gas st § Potomac Elec. eons. Fotomac Elec, 53 Was! T Wasn:! mfi ‘& Knna hington Gas 85 22822 102Y% 102% 23523,,.58z003 800 MISCELLANEOUS. arber & Ross, Inc. 6%s B Vanit’ 15y gnet estnut Wash: Sons. Thtle Cor STOCKS. PUBLIC UTILITY. otomae otomac lec. wi thy]enk !:ee o] Wash. Rwy. & Elec. pfd. NATIONAL BANK. National Capital Bank lumbia Sastineion Loan'& Trusk. SAVING BANK. E:“”" savings & Coml. Hank. 531 venth Btre 305 Upitea tate Washington PIRE INSURANCE. American . 38 Gorcor Firemen's National Usion . TITLE INSU} Columbla_Title. . -m:‘I Gor. B . Mtge. & Inv. Dl Beogies' Drue Stores pfd. Real Est. Mtge. & Guar. 1417 K St. Main/ 9300 Parking space in rear of office for ur clients Becurity * Btor, Ter. Ref. & W] AmAgriChem 7%s. 5 105 105 105 AmChain 88°33.... 11 94% 941 94% Am Chem 6%s cv'49 38 1025 102 Am Int Cor b 22 100% 99% 98ty Am Sugar Ref 6s... 11 102% 102% 1024 AmT&Tcltrds.. 4 99% 99% w0% Am T&T cv 4%8°39 534 1225 120% 121 6 1024 102% 102% 102% 102% 102% 105% 105 105 97 96% 96% 6 Bl BO0% Bl 39 104% 104% 104% 12 885 B8l BBY% 22 89 58 89 3 100% 100% 100% 6102t 102% 102% 7 9% 99 99 1100 100 100 Am Wrtg Pap 64'47 Anaconda 1st Armour&Co4%s 3 Armour Del 6% Atlantic Refin bs Bell Tel Pa 63 B. Bethlehm Stl pm Beth Steel rf bs. Bethlel 1 98% 8% Chile Copper Colon Oi1 6: Col Gas&E) del 2 Com Invest 6%8'49 7 Com Invest 63 '48. . Con Coal Md 15t bs. ConGasN Y 6% Cuba Cane cv 78 Cuba Cane 8: Cuban Am Sug 88 Detroitisdison5ss Detrolt Edison 65 13 105% 105 105% 4 6l% 61l 6ln 14 6l 61 6l 17 1004 100% 100% 1 101% 101% 101% 1 106% 106% 106% 3 100% 100% 100% 2 98 9% 93 East CubaSug7%s 5 79 79 79 Fisk Rubber 83 108% 108% 108% Gen Asphalt 65 36.. 2 105% 105% 105% Gen Mot Ae Cor 6: Y 101} 101 101% Goodrich 6%s. 5 106% 106% 106% Goodyear bsrcts... 11 924 92 924 Hoe & Co 6%s. 2 84 84 Humble O1l b: 8 100% 100 Humble O & K6%s. 13 101 (llinols Bell 1st 6s.. 4 102 Illincis Steel 4%4s.. 2 98 97k 97% Inland Stl 4%s°78. 11 90% 90% 90% Intl Cement 68 45.. 22 103% 103% 103% 84 96 954 96 6 100% 100 10 90% 90 Teleg 4%s. & 92 91% Tel 438 cv 191 123 Kan G & B6s 62.... 3 103 102% Ligget&Myersssbl. 1 99% 9% 99% Loew's Inc 6s. 1106 106 106 Loew's 63 w 0 wa 2 9% 97% 9% Loulsv G & k6852, 4 100% 100% 100% ManatiSug st 7%s. 3 92% 92% 92% Midvale Steel bs... 11 98% 9% 98% Mont Pow 55 43.... 10 100% 100% 100% Mor's&Co 1st4%s.. 2 8415 B4l 84k 16 96% 064 964 6 112% 1124 1124 1 91% 91% 914 1 104% 104k 104% 16 98% 981 984 8 106 105% 106% 8110 110 110 .16 9% 99K 994 . 16 100% 100% 100% 1 7997 99/ W00 84 100% 100% 100% 102 102 103 7 100% 100% 100% 1 100% 100% 100% 1 1021 1024 102% 10 108 107% 107% 13 98% 97% 97% 2 75 18 15 1 101% 101% 101% 14 97% 97% 97'% 79 95% 95 95 11 989 "By 9p 6 99% 99 99 PacT & T 6862.... Pan-Amer Pete 63. Paramount 68 1947. Pathe EExchange 7s. Phila & Read 68 49 Philips Petro 6348 Por Rie Am Tob Postal Tel & Cb%s. Public Service 4%s Punta Alegre7s.... Rem Rnd 6%s war. Sinelair Of1 6 21 205 201% 201% 5 91 1199 08" Loy Stnclair Ol 638, .. Sinclair 0117 Sin Pipe Lin 9 100 99% 100 | 12 101% 101 101 4 9 3 93 8 104% 103% m'w. R y N Y Siate Ry 4348, Tenn Cop 68 B '44. TennilecHow 6 47 Transcont! Of United Drug 68 63 U S Rub 1strf 68. US Rub T4s. U S Steels Utah Pow & Lt 51 Utilities Powr 6% Walworth 6s ‘45 West Klec bs Westn Union §s EI. Westn Union 8%s. . White Eagle O 6%s 2 Willys-Ov 848 33.. Wiison & €0 18t 65, Youngstn S & T 5s. RAII.ROA‘! Atchison gen ¢ Atch deb 4% 4 Atlantie C L el 4 Atl & Dan 1st B&OCv 4% B & O 8W5s 60 B & O Toleao 4: Lirookiyn Elec 6%s. Brookivn Elev 6%s Bitlvn Mannat 6s. Ruff R & Pitt 4% s Bush Term eon 53, Can Nat 4%s67. Canada Natl4%s'68 an Nor 448 1935.. anaa e ileb 4 Can I'ac 4345 4 Central Pacific 4 Cent 'ac 18t 68 0., Ches & O Corpn bs. Coes & Ocv 4%s... Ches & O 474893 A Chi B&Q gen 45 53. ChiB&Q 1st rf bs. Ch1 1iys 68.... ChiR1&Pgn4 Chi RI&Prfds Chi R T & Pac 4138 ChiStPM&O CHTH&SESS Chi T 1 Inc 65 60. Chi Un Sta 4% Chi/Union Sta 6%, Ca& W15%s63. CCC & St L.6s D. CccC & StLrt Clev Term 8% Cuba Nor 5% ot Del & Hud 1st rf 4. Del & Hud 5%s.... Den & Rio G cn 43, D Rio G West b DRG & Wst 5s'78 Det United 4% Krie conv 48 A Erie cv 55 '67. Erie conv ext 7 Gr Trunk stdb 6 Grand Trunk 7s. Great North 5% Great Nor gen s, Hud & Hud & 111 Cent 45 53.. Man aj b8 Man ref 5 [1iCent 432 66. Il Cent Chi 4 %s [1-C-C-StL&NO Int Rapid Tran 6s.. int Rap U'r 68 stpd.. Int Rapid Tran 6s. . Int Kys C A bs 72. Int Ry C Am 6s 41.. Int Ry C A 6%s ret. Kansas City S 6s... Kan City Term 48.. Lake Shore 48 31... Lehigh Valcn 4s... LehiVgen 4%s 2003 Long 1s deb 58 34, Long Isrf 4s49. Louis&Nash uni 48, Louis & Nash 58 B. Louls & Nash T Man Ry 1st 48 50 Market St 78 40. Minn & StL ref 4s.. Minn&StL fd bs 62. MK & T adj MK & T prin b8 Mo Pacific gen 45, it s MontrealTr bs B 55 Nassau El 48 61.... NOTex&M6sA. NOT&MG6% NYCengens Y C NYStateRy 6%s 62. NYW &B4 Nor & 8 gen bs G4.. Nortolk & W cn 48 Nor Pac 8 2047.... Northern Pacific Norther:i Pac 68 D. Portiand El P L Port RL&P 4z, Port R L P 68 Port RL&P T%s 46, iteading gen 4448 A Rio G W 1st 4s. RIATK & L 4%As. St L IM&S R&G 4 StL& SFpl4sA 1 StL&S Fra%: StL& StLS SFoprin W 1st 48 St P & KCShL 4% SeabAL ad) bs 1949 Seab A L con SB All Fla 65 36 Sou Pac clt ¢ Sou Pacific Thira Ave ref Union Unfon Union Union Pac 1st Pacifl Pac 1st Pac 4%/ UnionPaclst r Virginia Ry West Maryland Chain Store Sales Gain, NEW YORK .Yune 10 m—mm Groce! sales of .fl 116 Ill 1 93% 93% 93%| 682,017 in May, mn increased the stores 2 78% 76% 7643069 to 5,368, Inhl‘lhh Dl"tlfl-m!nt 91% 91% | Store sales for ,mrh. Low. Close. 101 101 101 102 101 95 101 4 103% 994 95 884 100 108% 95% 90% 88 1024 100 | 108 100% 101 100% 99% 1 2 28 1% 100% 101 981 9874 984 99 93% 93% 90% _ 90 RoxneR 9% 6614 - R 0 PP TUPROP P = YOI VPG - PRIN - — S OP PG VP0S RS Sy 9 84 7 gared with 816 Hnl the ‘ymm t month amoun las ted to $2,274,593, against $1,150,202 for May, 1938. Bales of Americal n' D.plfl-mtnl Stores for last month lmountad to § 18 93% 93% 934 2“!1). an increase o0f May, 1928, $303,337 ou: ¥, NPT T 1F SCANTY AT MARKET Mississippi Tomatoes Appear on Dealers’ Shelves—Mel- ons Also Received. Receipts of vegetables, both home- grown and shipped-in supplies, this morninfx were very light. It was just as well that they were not especfally heavy, dealers stated, as there was the usual light Monday morning demand for_practically all commodities. Fairly heavy shipments of Missisippi tomatoes, first of the season, were re- ported this morning. They were excep- tlonally large and were received in per- fect condition, many green ones being among them Dealers priced them at $1.50 a cral ‘Watermelons Plentiful. Dealers had plentiful supplies of wa- termelons from Florida, and cantaloupes from California, both fruits proving exceptionally attractive. Light receipts of Florida cantaloupes failed to attract much attention of buyers. Three grades of melons, as to size, were quoted at 50, 60 and 75 cents, cut melons for show purposes clearly indi- cating the good quality of the fruit. California_cantaloupes also came in perfect condition, the quality being about as good condition as any ever received here. Prices ranged from $2 and $2.25 for crates of a dozen jumbo flats to $5.50 a crate for jumbo 45s. Standard 45s were quoted at $5 and pony 45s at $4. Homegrown raspeberries appeared in market Saturday, first of the season, dealers stated, and were in demand at 60 and 75 cents a box. Strawberries were in light, receipt, the season for the popular fruit being on the wane. Brisk selling was reported about the close of last week’s market, partly ac- counting for scarcity of some products this morning. Butier prices advanced a fraction of a cent, while the egg mar- ket continued unchanged. Poultry and meat prices also were reported un- changed this morning. \ Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 44128453 ; tub, 43'4ad415: store packed. 30. Eggs—Hennery, 33a34; fresh selected, 33a34: current receipts, 31. Poultry, alive—Turkeys, hens, 30a32; toms, 25a26; Spring chickens, small, 38a40; large, 42a45; Leghorns, 35a37; fowls, 30m32; roosters, 20; ducks, 15a 20; keats, young, 60a65; old, 35a40. Dressed—Turkeys, 35a40; Spring chick- ens, 48a50; Leghorns, 35a36; fowls, 374 Leghorns, 34a35; ducks, 30a32; keats, 80a1.00. Meats, fresh killed—Beef, 22a24; veal, 23a26; jamb, 30a32: pork loins, 31a32; fresh hams, 25a26; fresh shoulders, 18a19. Smoked hams, 27a28; smoked shoulders, 17a18; bacon, 26; lard, in bulk, 12; in packages, 1314 Live stock—Calves, 14; Spring lambs, 15. Fruit and Vegetable Review. The daily market report on fruits and vegetables (compiled by the Market News Service Bureau of Agricultural Economics) sa Cantaloupes—Supplies light; demand moderate, market steady; California, Imperial Valley, jumbos 36s, salmon tints, 5.0025.25; jumbos, 45s, 5.25a5.50; standards, 45s, mostly, 5.00; ponys, 45: mostly 4.00; flats, 11s and 12s, 2.00a2.25; mostly 2.00. Lettuce—Supplies light; demand light, market steady; good stock scarce; Cali- fornia crates, Iceberg type, 4-5 dozen 5.5085.75; fair to ordinary quality and condition, 4.0085.00. Onions—Supplies light; demand light, market _steady; Texas, standard crates, yellow Bermudas, U. 8. No. 1, 1.85a2.00; California, standard crates, yellow Ber- mudas, U. S. No. 1, 2.00a2.15. Potatoes—Supplies of old stock light; light, market about steady; 150-pound sacks, Russet 8. No. 1, 2.25; some fair con- New stock — Supplies heavy; demand moderate, market weak; North Carolina and Norfolk section Virginia, cloth-top stave barrels, Cob- lers, U. 8. No. 1, 4.0024.25; mostly 4.00; few slight decayed, 3.75. Tomatoes—Supplies moderate; de- mand moderate, market steady: Mis- slssippl, fours, green, ripes and turning, wrap) 1.50a1.65; Florida, sixes, ripes and turning, wrapped, fancy count and best, 5.75; fair quality' and condition, 4.50a5.50; choice count, 3.75a4.25. Peaches—Supplies light; demand light, market steady; North Carolina, bushel baskets, Early Rose, medium size, 3.00; South Carolina, no sales reported. ‘Watermelons—8upplies moderate; de- mand light, market about steady; Flor- Tom Watsons, 30 pounds average, 656a75; 32 pounds average, 75a85; 26 pounds average, 50a60; 23-24 pounds average, 45a50 each. String belns—flupplles liberal; de-| mand moderate, market steady; North | Carolina, bushel hampers, green, fair quality and condition, 1.75a2.25; few best, 2.50; poorer low as 1.50; Norfolk section Vlrginh bushel hampers, green, ono.a.ao; -peck hampers, green, 2.50a cucumbers—Suppllel moderate; de- mand moderate, market steady; North c-ronm, bushel hampers, fancy, 1.50a swnah—Supplleu moderate; demand light, market steady; North Carolina, bushel hampers, white, 1.25a1.50. Peppers—Supplies moderate; demnnd“ moderate, market steady; Florida, pep- per crates, y, mostly around 4.0 few fancy higher, few turning red, 3.50. Egg plant—Supplies light; moderate, market steady; !'lorkln, per_crates, fancy, 3.00a3. pep- e Supries lght. demand light, | market_steady; Texas, Western lettuce | crates, bunched, 2.50. | few _sales: | Beets—Supplies light, nearby Maryland, bunched, 3.50a4. 00 per 100 bunches. Corn—Supplies moderate; baskets, ~ 2.50; Alabama, cnte 5. Asparagus—Supplies _ligh demand | Itght market steady; Delaware, dozen | bunch crates, best, mostly 2.50a3.00; few high as 3.50; small size, East Shore, Md., dozen bunch crates. green, best, must)y 4.00; few 4.50; small momedlum size, 2150.“:1 s d‘ ranges—Supplies moderate; deman light, market lbeld !‘lorldl ‘boxes, No. medium size, Grape fru",—Supplles l!uhf- demand | light, market steady; Florida, boxes, No. 1, medium size, 3.50a3.75; large size, 3.7584.00. CHICAGO DAIRY MARKET. CHICAGO, June 10 (#)—Butter un- changed; rmipu. 17, 633 tubs; cream- | ery extras, 4 ta; 42%; ex- tra firsts, lllll firsts, 39#;340‘,‘_-. sec- onds, 38a39. Eggs unchanged; receipts, 33,406 cases; extra firsts, 30; firsts, 20a 29%; ordinary firsts, 27a28%; packed extras, 311, Poultry—Alive steady; receipts, 4 cars; prices unchanged; fowls, 28a29; brollers, 36a44; roosters, 20; turkeys, 22a 30; ducks, 20; Spring ducks, 28; geese, ; Spring geese, 25, PAY ROLL TO BE INCREASED.I HAMMOND, Ind, June 10 (P).—A new operating ‘schedule, effective tomor- row, will increase the pay roll of the Youngstown Sheet & Tube plant 30 per | cent, it was announced today. The new schedule affects 2,500 employes. i Mill officials said there will be a cor- | responding increase in sheet mill pro-, duction and orders. i e UNFILLED STEEL TONNAGE. NEW YORK, June 10 (#).—Unfilled tonnage of the United States Steel Cor- poration decreased 123,596 tons during May to 4,304,167, mnmnmn ‘was 4,427,763 tons. MONDAY JUNE | demand | demand | moderate, market steady; Texas, bushel | cantaloupe | 10, 1929. New Securities By the Associated Press. NEW YORK, June ID—NEW securi- tles offered today $3.524,000 Oty ol Quebec 5 per cent slflkm fund gold bonds, dated June 1, 1920, ua J\me 1, 1959, pnced ” % $2,000,000 Camden Coun! cent bonds, due in 1934, prlc:fl ll 101%, to_yield 4.60 per cent. 35,000 shares International Neon Co Inc no par common stocl 0,000 units Knickerbocker National Corp consisting of one share class A participating preference stock of $30 par value, and one share of $1 par common stock, at $25 per unit. TOBACCO MERGER PLAN DETAILS ANNOUNCED Special Dispatch to The Star. NEW YORK, June 10.—Confirmation of the report that the formation of the United Stores Corporation, incorporated in Delaware Saturday, meant the con- solidation of the Tobacco Products Corporation, United Cigar Stores Co. of America and the Unlon Tobacco Co., was given in letters sent yesterday to stockholders of the three companies. The combine will unite the tobacco interests of George J. lan into a single unit, which will branch out, it is belleved, into various flelds of merchandising now covered by drug and novelty stores. ‘While the consolidation will depend uron an exchange of shares by holders the three tobacco companies for stock of the United Stores Corporation, its consummation is apparently as- sured by the announcement that in- dividually the directors of the concerns would accept the share exchange offered. Assets of the United Stores corporp tlons and subsidiary corporations March 31 are announced at $161,573, 159 including current assets of $58,898, 152, Trade-marks, trade names, good will and brands are carried at $25,625,071. Cash and call loans are given as $14,795,215, marketable securities at 1$18,357,574, investments in other com- I panies, excluding intercompany hold- ings, at $9,548,072 and real estate at $46,989,355. Capital stock and initial surplus is carried under liabilities, at $104,024,828. Liabilities also include $2,000,000 6 per cent_convertible notes of Whelan Drug Co., Incorporated, $10.000,000 of 51z per cent. debentures of Cigar Stores Realty Holdings, Incorporated, and $17.854.299 mortgages on real estate of United Cigar 8tores Co. GRAIN RATES INVOLVED IN B. & 0. EXPANSION Special Dispatch to The Star. BALTIMORE, June 10.—Acquisition of the Buffalo, Rochester & Pittsburgh Railway by the Baltimore & Ohio Rail- road would glve the local carrier a voice in the making of freight rates on ex- lake grain from Buffalo to Baltimore >nd would tend to increase the effi- clency of the movement of ex-lake grain to this city. These two points are suggested by traffic experts commenting on the ap- plication filed with the Interstate Com- merce Commission by the Baltimore & Ohio to take over the Buffalo, Roches- ter & Pittsburgh, agreeing to pay $14,- 263,000 for 80 per cent of the stock of the road held by the Van Sweringen interests. At present the Baltimore & Ohio has a grain elevator at Fairport, Ohlo, but the bulk of the ex-lake grain handled h{ the road comes from Buffalo by way the Lehigh Valley or Lackaw: Railroads and the Reading to Phllld phia, where it is picked up by the Bal- timore & Ohio. Acquisition of the Buffalo, Rochester & Pittsburgh and its absorption in the Baltimore & Ohio system, under the same management, would give the road a direct line from the great grain port of Buffalo to Baltimore. It was pol wd out that this would naturally ten speed up grain shipments. l Business Notes By the Associated Pre NEW YORK, June 10.—A special meeting of stockholders of the Granby Consolidated Mining, Smelting & Power Co., Ltd., has been called for July 1, to vote upon a proposal to appropriate $2,367,737 for a reserve fund for deple~ tion and depreciation and on authoriz- ing the directors to make capital distri- butions to shareholders from it. Silk houses specializing in the rougher weaves have reported a very good season to date despite the fact that the market is absorbing large amounts of prints. " Trustee. _FINANCIAL. STOCK PRICE INDEX INSMALL ADVANGE Industrial Shares Show In- crease Following Recent Drop in Price. BY IRVING FISHER. Special Dispateh to The Star. | NEW HAVEN, Conn., June 10.—Com- mon industrial shares advanced slowly but steadily in price last week, finally reaching a level nearly 4! per cent higher than at the | close of the week| preceding and al- most precisely the same as that at which they closed two weeks ago. With two excep- tions all the indus- tial groups vanced durin week up to then receded Thursday. The| | foods did not reg- | Irting Fiaher: ister & net decline on any day of the week. Anaconda was the most heavily traded stock both last week and the week before. Last week over $53,000,000 ‘of this issue changed hands and the week before over $79,000,000. Though the motor group shows al- most the same level as for the week before, the group index ended the week | above 250, more than 12 index points | above its recent low reached on June 1. Seven of the 50 common industrials most heavily dealt in last week were oil | stocks, 6 were copper stocks, 5 were | motors. Allhough the rails showed a prlccl gain as a group, there were more indi- vidual issues which declined then rose, | the rises, however, being larger. The | most, uniform movement upward was in the coppers, accessories and stores group in each of which every issue rose except one. The _compact survey of New York | Stock Exchange movements of common industrial shares is given below: in price indexes (1926=100). ‘There are two mndexes of market price movement. | The first (“Shares Outstanding”) rep- resents all common industrial shares | listed on the exchange, the importance | of each stock being considered accord- ing to the shares in existenc standing. ‘The second index (“50 Lead- ers”) shows the price movement of the common industrial stocks most heavily dealt in during the week, this list ohanging weekly with the shifts in trading popularity. The ‘“Shares Outstanding” index shows what a substantially representa- tive $100 worth of stocks in 1926 would now amount to if held unchanged since that year.. The “50 Leaders” index shows the result of reinvesting the $100 every week in the market favorites of that week. The last column of the table gives the rate of return on the week’s 50 lead- ers at cufrent prices, Shares ut. standing 5 . ’m.&ee age Week ended— lenders. ulurn June 7. 33 23 38 AR AN TRAR 0 AR s PAE s ua ettt oam a0 smn BuREERESREsE &t X1 29) May 39 (aan’ 5.1 3% (Feb. 38) creb. 3B vay’ 29 (Copyyight, 1929, by Irying Fisher.) POTATO MARKET STEADY. By the Associated Press. OHICAGO, June 10 (U. S. Depart- ment of Agriculture) —Potatoes: Re- | ceipts, 141 cars (new), 75 (old); on track, 161 cars (new), 121 (old).- Total United States shipments Saturday, 1,140 cars; Sunday, 47 cars. New atock trading hlr market about steady; Southern sacked Bliss Triumphs, 3.00a 3.35; few fancy, shade higher; North Carolina, barrel, Irish Cobblers, 4.00a 4.50; old stock trldlng fair; m: kll on Idahos firm; other stock sf Wis- consin sacked Round Whites, Dflll 10: ;(J;hlnn sacked Round Whites, 1.00a | Low ('28-'20) AT ‘“”m Over: Third of a Century’s Little Details cf Management —make for important dif- ferences in profits. We know where to look for the weak points, and how to overcome them. B F. SAUL Main 2100 CO. 925 15th St. Use your Dividend Checks to purchase GUARANTY FIRST MORTGAGE NOTES AND BONDS 1t _you have mone d 1) ki A OUND first mortgage Dotes and bands sponsored by this corporatfon. 3, 8 sound investment these notes and bon secured on fficome. produc. inw_propertiex “ana “backed pfi‘mu $3.400,000 resoyrces. re s o dumm of risk e er annum." Denominations from 6% 6% 250 up Monthly paymenis if desired | Send for Booklet, “The Success Plan” REALESTATE MORTGAGE & GUARANTY .CORPDRATION Capital Resources $ 3,400,000 24 JACKSON PLACE AL Buyers — \ prefer a wide | Il | I I l I | margin of Safety when they buy TIRES. | N A SOUND INVESTMENT North American Trust Shares An Investment in 28 Listed Com- mon Stocks which have Paid Divi- dends Continuously for 13 Years. THE common stocks: of 28 leading American corporations —diversified as to industry and location, nation-wide in scope, producing basic necessities—underlie North American Trust Shares. Each unit of North American Trust Shares has behind it four shares of each of these common stocks—112 shares in all —~deposited with the Guaranty Trust Company of New York, Shares you participate: 1 Through an investment in North American Trust In the earnings of the underlying stocks, which have earned and paid dividends continuously for at least 13 years; the yield today, based on average regular and extra dividends for the past 7 years, and on current quotations, is about 7%. In the security—wide diversification, 22 billions of assets, 5 bil- lions surplus, 2 billions reserves, all stocks rated “A” or “AA” by Moody; for the past seven years average appreciation of the 28 underlying stocks, exclusive of stock dividends, subscription rights and “splitups,” was 5.79% annually. In the marketability—the 28 stocks are listed on the New York Stock Exchange, and the market for North American Trust Shares is maintained by a nation-wide group of dealers. You may con- vert North American Trust Shares into the underlying stocks or cath at will. An investment in North American Trust Shares may be made with approximately $100 or any multiple of that sum. Full particulars will be mailed upon request. W. W. LANAHAN & CO. Members New York and Baltimore Stock Exchanges Associate Member New York Curb Market Hill Building, 17th & I Sts. N.W. EDWIN D. FLATHER, Resident Manager