Evening Star Newspaper, June 13, 1929, Page 14

UTILITIES RETAIN " CURB LEADERSHP - Electric Light and Power Stocks Are Bid Up Rapidly. BY HARRY H. BECKER. Bpecial Dispatch to The Star. NEW YORK, June 13—Utility stocks practically monopolized interest on the Curb Exchange again today, with tre- mendous activity and excited advances overshadowing a number of interesting movements in other parts of the market. The list* as a general affair, was somewhat firmer than of late and was scarcely affected by bad breaks in one or two industrials. Advances Are Rapid. Stimulated by publication of reports that another important _investment company was being organized to ac- quire substantial holdings of a number of up-State properties, enthusiasm for those shares ran high. The opening was featured by huge buying orders for both Buffalo, Niagara and Eastern issues at substantial gains over the pre- ceding close. -On top of their previous gains the common soared another 7 points and the “A” was not far behind and established new high prices well above $100 a ‘share. S Northeastern Power also displayed outstanding Strength, selling above its previous high, while Mohawk Hudson and Eastern States Power: “BY ‘were pushed up aggressively in the general enthusiasm. St. Regis Paper and Ni- agara shares, which hold stocks in the companies involved in the new develop- ment, moved with the others. Other strong members of the division included Duke Power, the Super Power shares, United Gas’ Improvement and Penn- ©Ohio-Edison. The buoyancy had the effect of halt- ing liquidation in. Commonwealth Southern, which recovered somewhat after duplicating the former low. The company made public today fermal terms for an exchange of shares with Commonwealth Edison, Penn-Ohio-Edi- son and Southeastern Power & Light. Electric Bond & Share lost some of its recent momentum following publica- tion of the report for 12 months, which showed the market value of the securi- ties held on that date to be equal to $104 a share. In the industrial division, Checker Cab, which has displayed a sagging tendency nearly all‘'week, broke violently to 57 before midday from the previous closing price of 66. Liquidation was due to reports of a taxi rate war in principal cities by the entrance of a new competitive concern. Crocker Wheeler was another weak exception. Other Issues Gain. Prominent on_the side of advance were Goldman, Sachs Trading, Hazel- tine, Firestone Tire, Gold Seal Elec- tric (new), United Gas, Sentry Saféty Control and some of the newer listings like Grand Rapids Varnish, which was influenced by a report showing an in- crease in gross sales of $100,000 for five months. Aircrafts stocks were inactive, with the exception of Niles-Bement-Pond, which continued its recovery. In oil group, moderate heaviness again pre- vailed in most of the standard mem and independent issues. Cities Service, after brief early weakness, rallied. Min- ing stocks were scarcely changed and . the motors stood still. 1 Baltimore Markets @pecial Dispatch to The Star. BALTIMORE, Md., June 13.—Pota- toes, white, 100 pounds, 1.00a1.4 potatoes, barrel, 2.00a4. sweet pota- toes, bushel, 1.25a2.25; yams, bushel, 1.5022.00; asparagus, dozen, 1.75a3.00; beets, 100, 3.00a5.00; beans, bushel, 2.00 22.50; cabbage, hamper, 40a60; carrots, 100, 3.00a4.00; celery, crate, 1.50a4.00; corn, bushel, 2.25a2.50; cucumbers, bushel, 1.0022.00; eggplants, crate, 2.508 4.50; kale, bushel, 15a25; lettuce, bushel, 50a1.00; lima beans, bushel, 3.50a4.00; onions, crate, 1.65a2.00; peas, bushel, 75a1.50; Spring onions, 100, 1.00a1.25; radishes, 100, 1.50a2.00; squash, crate, 1.00a1.7; peppers, _crate, 2.00a4.( spinach, bushel, 30a75; tomatoes, crate, 1.50a3.50; apples, bushel, 1.25a3.0 blackberries, quart, 3 pound, 6al8; grapefruit, box, 2. oranges, 2.00a3.50; strawl quart, 7al4; watermelons, 25a60. Dairy Market. Butter—Good to fancy creamery, pound, 42a45',: prints, 46a47; blocks, 45246 ladles, 35; store packed, 30; rolls, 33a35: dairy prints, 33a34; process but- ter, 38a39. Poultry, alive —8pring chickens; pound, 30a45; Leghorns, 26a35; poor and thin, 25a28; old hens, 33; Leg- horns, 37a39; old roosters, 16a20; ducks, 20a25; guinea fowls, each, 50al.10; pigeons, paid, 35a40. Eggs*mcetpu 2,516 cases; native and nearby firsts, dozen, 31a32; current re- ceipts, 29a30; small, undersized, 24. Hay and Grain Markets. Wheat—No. 2 red Winter, garlicky, spot, 1.10%2; June delivery, 11.0%5. Corn—No. 2 export, June delivery, no quotations; No. 2 yellow, domestic, spot, 1.09a1.10; cob corn, 5.25a5.50. Oats—No. 2 white, domestic, spot, 55; No. 3 white, domestic, spot, 53a54. Rye—Nearby, 95a.1.00. Hay—Receipts, nope. While hay is arriving here in limited quantities only it is more thar enough for the demand, ‘which beiag supplied mostly by trucks from nearby points, a few car- loads being received. There is not enough business passing to establish prices on. the various kinds on merit at a range of 13.00a16.00 per ton for timothy or clover hay. Straw—No. 1 wheat, 12.00a12.50 per ton; No. 1 oat, 12.50a13.00. Live Stock Market. Cattle—Receipts, 150 head; fair sup- ply, market steady. Steers, choice, 13.50 al400; good, 13.00a13.50; medium, 12.00a12.75; common, 10.00a11.50. Heif- ers, choice, 11.50a12.50; good, 10.258 11.00; medium, 9.00a10.00; common, 7.75a8.75. Bulls, good to choice, stable, 10.00a10.75; fair to good, 9.25a10.00; common to medium, 8.0089.00. Cows, good to choice, 9.50a10.50; fair to good, g.mm.zs; common to medium, 5.008 7.75. Sheep and lambs—Receipts, 300 head; fair supply, market steady. Sheep, 2.00 87.00; Spring lambs, 12.00816.25. Hogs—Receipts, 100 head; light sup- ply, market higher. Lights, 12.15; heavies, 11.75a12.00; roughs, 7.50a10.40; light pigs, 10.75; pigs, 12.00. Trucked hogs 15 to 30 lower than quotations. Calves—Receipts, 25 head; light sup- ply, market steady. Calves, 5.00815.00; extras, 15.50. GERMAN BONDS AND STOCKS. NEW YORK, June 13 (Special).— Ger Govt Red Loan '}.‘.3’5 e ctfs attached per 1 Ger Govt 2 Hamburg America A E G (German Ge E A E G (Ger Ge Elec) ptd B Commerz and Privat Bank, I G Farb = rben. . Disconto _Gelischatt. Handels BueBS88u22e 88333833333 -t &L ed P & L lison Dr A ... pha Port Cem . lum Indust Cyanamid rts T Dent Stores | as & I 65 Afer Super 1te 1 Anchor Post Fence o_Del P;‘ A ow Mach Vo Ma ct L oiet 19 vt Pr b Am 5 2 Budd Mfg rts... 224 Buf Niag & Ep 103 Buf Niag 15 Burma Corp........ .. 2 Burroughs A M new. Rad Tube vic.. W, s 2Capital Admin A...0 38% 1Capital Admin A pfd. 37% 1 Carnation Milk. 5 14 Casein Co, 1 Caterpil 1Cent Pip 3 Cent Pub 8 A 4 Cent States EL n.. 3 Cent Tract T n: C 3 Cont G & E 1 Cooper Bessemer 3 Cooper Bessemer pf A 1Corroon & R..... 1Corroon & R pfd A 1 Daston zs 2Decca Record.. 7De For R Gen r... . 4 18 Gen Real & Utii Cor. 22}2 1 & Utl Cor pfd 9212 Cosl 128 3% 54 17 36% 40'a 3 4l 334 33% Tl T2a 325, 33 2454 24912 3%, 22 9214 125% 125 3. 3 o 22% 23% 10738 1 gart Co Hazeitine Corp. | it 2 Hygrade Food Prod 1 Inst cur 3 Keyston e 4 Kiein (D Emih Co. ott Co. FEES N i =YY 5828 2222222 H ix Elec. er Avistion. m Utility Sec. Eastern Pow. North: 1 Novadel Oil_Stock: 1 Outboard Mo 3Pac G & E 1pf. 5 Packard Mtr new Wi b MIg o ololiaBiriumenmuan 3) Penn ufi e JhE fe et och Ce 2 Roosevelt Pield 1Royal Type .. 1 Rixsex's Pirth Av CH & Lt. 361 36 24v, 24% 32 units. | | STAR, WASHINGTON. D. C. THURSDAY JUNE 13, 1929. Serv El vtc. Silica Gel et Siver T & PRCEEEREEL 5 gedddaqgagagaad =EEZ gna ves T Whitenight Wil Low Caf Winter B J 40 New Quine: 1N J Zinc 2 Nipissing 2 Noranda, o Col 8Roan_Ante Bt 1 Unity Gold. INDEPENDENT 3 Pandem. 1 Reiter-Foster Ol 4Ryan 1 8alt Ck Prod.. 1 Texon Ol 2 Transc Ofl 1 Venezuelan 1 Woodley P Sales in __STAN 100 Buckeye P 80 3008 O Sales in thousands Ohio. 20 Atso GasaE 41 10 A" CaEl 4vas "4b ww. 106 108 n 58 A 'S5.. 100 100 99Ys 99Y el's b 852 88 5 Bell T Ca) 5 Boston & 3 Cent Btates lope Cop. . ek B s PORMER 2 Abitibl P&P 5s A '53. 84%s EEEEE I ] 130w ies o) 22ERE85S #, Fa%] B Saduin.ny IS Rences e 3 S R e & Lai Pet. et 5% 5% DARD OIL ISSUES AND SUBSIDIARIES—STOCKS. .68 68 68 B 1 20% 20% 20% Saa7 T iy W Do i i3 37 122% o B : y 4, 01 8 101% 94%p a8 85 e 108 00 99 s 95% ' 95% s '4d] 124 122 854 DIVIDENDS. Corporation. ir Reduct'n Co Burma Corp. Bankinstocks Holding Co Bink: x Co A cv pf ada Southern Railroad ... 8-A Cuban Telephone Co Do pf.... @ Cleveland, Cin- cinnati, Chi. & 8t Louls Ry Do Bt CincinnatiNorth ern 7 Capital Adminis- tration Co Ltd .. nsol Co Do_stock Colonial Finanl Corp b Fidelity & posit. Co. Do Forman & Co 7% cum Ppf..... Graham Paige Motors Ty R Gen Ice Cream Corp .. Gilbert, ‘A C. Independ't Pre matic Tool Co Kentucky Securi- ties Corp. o' Mortgas: Co of N ¥ McKeesport e Co. Marion Shovel o Do Midland Steel Products Co Do Do Midland Utilities Co 7% Pri Reslty 6%% f. % & bt % _cum N ¥ Savin Pro-phy-] R Penn Pwr Do_2nd Fund Thompson, J 0.7 i Taggart Corp i Do 'l United Shoe Ma. chinery Co p Do e Coal 7'!\;:‘1, slso & bonus ot wifi. Con ord @ 200 Tid Bteam Co 1% B oo & Lt Co_37 cum pf Do $6 cum pf Do §5 cum pf Southwest Dairy, P roducts Co » £l Init@ Pay- Stock of able. record. July 15 June 30 July 1 June30 July 15 July § Pe- riod. Rate. Q 3075 a8 1Penn P&L 55 D '53 1Phila Rap Tr 6s '62. 98 6 Poor & Co 65 ' 98, 100 2Texas P & L 5s '56.. 9634 5Uni Lt & Rail 5'25 '52 90 31 9 98 3 3. 91 22 Western P 5las A '57131% FOREIGN BONDS. 53, + 10] 47103% oo mnnoes: 8883885383382 n—New ww—With warrants. BROTHERHOOD HOLDS NO NEED FOR RECEIVER Claims Investment Company Has $16,480,6904 in Assets and $10,- 860,326 in Liabilities. By the Associated Press. CLEVELAND, June 13.—Officials of the Brotherhood Investment Co.,a $10,- 000,000 subsidiary of the Brotherhood of Locomotive Engineers, sald last night that there is no justification for the petition asking appointment of a re- ceiver, which was filed in Federal Court here today. The investment company has $16,- 480,694 in assets and $10,860,326 in liabilities, the officials said. The petition for a receiver was filed by Elmer and Bertha Smith of Pitts- burgh, owners of only $3,600 worth of stock of the company. It was admitted by the Smiths that the investment company is solvent, but dfl;;}’ auesred u;l-.t it was in mzdla},e ger of collapse if not - properly handled. Judge Paul Jones set June 20 for hearing of the petition. CHICAGO LIVE STOCK MARKET CHICAGO, June 13 (® (U. S. De- partment of Agriculture).—Hogs—Re- ceipts, 21,000 head, including 3,000 di- rect; mostly 10a15 higher; slow at ad- vance; top, 11.55 paid for a load of ~~ | around 175-pound weight. Bulk of good 2025 8% 1.50 2.00 17 June 20 June 28 Juy 1 Auvg. 1 June 30 June 30 Q June 18 June 15 2.00 135 "s-A 5.0 July 20 July 20 July 20 June 28 June 28 July 12 Q Q June 15 June 15 June 15 June 24 Q 1%% Q %% July 1 Aug. 15 June 29 July 1 June i1 June 30 July 1 June 15 June 25 July 1 June 15 July 1 June22 July 1 June20 July 1 June20 June 29 June 19 July 1 June?1 Q .1 June 15 Q 8% Q 1.0 Q 118 150 June 20 July 15 June 22 June 22 July Aus. July briHd July July 2 July 20 June 28 July 15 June 24 June 22 Aug. July July June 22 June 22 June 22 149 2 June 28 Q 1% June 20 July 16 July 16 June 22 Q 1.62% Aus. 150 Aus. 1 June 29 June 18 July 15 July June 29 June 14 | June 28 June 15 June 15 June 15 June 10 June 20 X 1 June 20 A% July 1 June 15 2.00 June 18 July 1 July 1 June.22 July'23 ] ug. 23 Q 3 515 June 26 i June 15 it Q@ June 21 June 21 and choice, 150-290 pound = weights, 11.00a11.50. Butchers, medium to choice, 250-300 pounds, 10.75a11.35; 200-250 pounds, 10.90a11.50; 1,150 pounds, 10.85a11.55; 130-160 pounds, 10.40a11.50. Packing sows, 9.25a10.35. Pigs, medium to choise, 90-130 pounds, 9.75811.25. Cattle—Receipts, 7,000 head. Calves —Receipts, 3,000 head; fairly active steer trade, especially on better grades selling at 14.75 upward; top, 15.40 paid for mixed yearlings; she stock very ir- regular, weak to 25 lower. Slaughter classes—Steers, good and choice, 1,300~ 1,500 pounds, 14.25a15.50; 1,100-1,300 pounds, 14.25a15.50; 9.50-1,100 pounds, 14.25a15.50; common and medium, 850 pounds up, 11.50a14.25. Fed yearlings, good and choice, 750-950 pounds, 14.00 a15.50. Heifers, good and choice, 850 pounds down, 13.75a15.10; common and me- dium, 9.75a13.75. Cows, good and choice, 9.75a12.50; common and me- dium, 8.25a10.00; low cutter and cutter, 6.50a8.25. Bulls, good and choice (beef), 10.50a11.50; cutter to medium, 8.00010.50. _Vealers (milk-fed), good and choice, 13.00a15.50; medium, 10.50a 13.00; cull and common, 8.00a10.50. Stocker and feeder steers, good and choice (all weights), 12.25a13.25; com- mon and medium, 9.75812.75. 8 Receipts, 14,000 head; mar- ket steady, 26c lower: native lambs, 15.25a15.50; Idaho, held around 15.75; yearlings, 11.00a11.60; fat ewes, 6.00a 6.75. Lambs, good and choice, 92 pounds down, 15.00a16.00; medium, 13.75a15.00; cull and common, 11.50a 1375. Ewes, medium to choice, 150 pounds down, 5.50a6.75; cull and com- mon, 2.50a5.50. Feeder lambs, good and choice, 12.50a13.50. Bible Printing Grows. Bibles are being printed in some new ages about every five weeks, ac- to the recent report of the Brit- and Foreign Bible Soclety. The fre- quency of issue was started 50 years ago with the slogan “A new language every five weeks,” and is being tained. Last year’s printing of the Serip- tures totaled 11,399,540, breaking all previous records and exceeding that of 1927 by 1,500,000 coples. The society explains that still more might have been issued were it not for the fact that the soclety’s_agents are mot permitted to work in Russia. lan, cor ish SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Allis-Chalmers Co. 5s 1937. ‘Aluminum Ce. of Amer. 55 American Tel. & Armour & Co. of Baitimore & Ohlo ian 44s 1 s . . Goodyear T. & R. 58 1957.0: " Grand Trunk of Canada 65 1936 Gulf Oil of Pn. 58 1937...... fumble Ofl 51« 1932 Phillips Puie O1l Corp. 5 Shell Union Oll Co 5 37t July 6245 July 50 July June 18 June 18 June 31 t Q . Q Binclair Crude Co. Ol 5135 i Standard Oil N. Jersey 55 1948 St. L., Ir. Mt. & So. Ry. St. L., Southwestern R: witl & Co. B 1933, nion OIl Co. of inited es IDECISIONS ON RAIL MERGERS AWAITED merous Requests for = Carrier Combines. Special Dispatch to The Btar. NEW YORK, June 13.—There are more different kinds of railroad ap- plications simmering before the Inter- state Commerce Commission in Wash- ington today and more railroad execu- tives and investors stewing over delayed action by this body than ever before. The calendar of the commission is be- coming as badly clogged as that of a traffic court. Just how far it will be relieved before the commission adjourns for its Summer recess August 1 is & matter of considerable consequence to the railroad world. ‘The applications that are before the commission, and which increase in number each week, represent the various phases of the Eastern railroad con- solidation, in which practically every |move has been checkmated by the Washington authorities. They include the request of the Baltimore & Ohio and the Pittsburgh & West Virginia to hold or own the stock of the Western Maryland; the application of the Van Sweringens with respect to the investment of their Alleghany Corporation in~Wheeling & Lake Erie and the opposition which this has brought forth from the Taplins; the effort of the Wabash to enlarge its scope of operations in the territory be- tween Buffalo and St. Louis and the jurisdiction of the commission covering the Pennsylvania Raliroad ownership of the Lehigh Valley and the Wabash. There are also important questions 3s ‘to consolidation of railroads in the Southwest and in the Northwest on { which the commission has given part of its answer, but has postponed for ‘many months a decision which railroad interests feel it should have rendered a long time ago and involving the merger application of the Great Northern and the Northern Pacific lines and their as- sociate, the Chicago, Burlington & Quincy. Intimations have come from Wash- ington recently that the commission will present_its tentative plan of railroad consolidations, on which it has been working for some time, before it ad- journs for the Summer. This plan is expected to show some rather sharp de- partures from that originally prepared under the direction of Prof. Ripley. The imminence of such a plan may explain the delay in rendering a decision as to the validity of the merger of the North- ern Lines, which is, in the opinion of members of the commission, the most logical that could be arranged ang in« volves none of the financial complica- tions that are attached to most of the other consolidation schemes. Obviously, if the commission present- ed a plan which brought under one control the Great Northern, Northern Pacific and Burlington, it could not re- ject the application now pending before it for a merger of these carriers. 1f the Interstate Commerce Commis- sion in the next six weeks makes pub- lic its tentative plan for raflroad con- solidation, there will be some relief from the impasse that has seriously affected railroad credit for the last two years. COTTON IS STEADY IN OPENING SALES Offerings Light at Outset—Buying Attributed to Covering. By the Assoclated Press. NEW YORK, June 13—Cotton opened steady today at an advance of 5 to 10 points owing to a late rally in Live: 1, rather a less favorable view of the weather news and continued talk of a heavy weevil infestation in the South. Much of the buying was attributed to covering, but offerings were light and prices advanced to 18.69 for July and 19.04 for December, or about 11 to 13 points net higher. Orders seemed to be more evenly divided at these figures, however, and the market was quiet at the end of the first half houh, with prices showing slight setbacks. Private cables said local buying and trade calling had ab- sorbed liquidation in the Liverpool market, but that.sales of cotton cloths were unimportant and that yarns were freely offered. Trading continued quiet, but offerings were light and the advance extended to 18.72 for July and 19.04 for December during the middle of the ‘morning, or about 11 to 16 points net higher. There was & little more realizing at these prices and the market slipped off 3 or 4 points from the best, but showed a generally steady tone around midday. “Frock Ladies” in Africa. With the introduction of modern styles on the Gold Coast of Africa, “frock ladies” and “cloth mammies” have appeared. “Frock ladies” wear Ameri- can and European clothes of latest styles and highest cost. They are considered to be literate, and are always referred to as “lady.” They never carry bundles from the store, invariably being accom- panied by another female on shopping expeditions. “Cloth mammies” wear native attire, consisting of voluminous prints and bandana head coverings, and do all the menial work. Students May Lose Autos. ‘Whether to extend the restrictions on automobiles is being discussed at Ox- ford. Students of that exclusive Eng- lish seat of learning may have to give up their cars if the proposed rules are adopted. One of the arguments of the pro-autoists is the absence of “crime” at the universities whose students pos- sess cars. They say that there are sel- dom complaints about undergrads play- ing phonographs after 9 o'clock or other “serious” offenses. In fact on fine nights the colleges are almost dese: and tu- tors are urging a “See Oxford First” campaign. Electrical Equipment. NEW YORK; June 13 (). —Eq t to be used by the Radio Corporation of America in creating its point-to-point service between American cities is being manufactured by the General Electric Co. and the Westinghouse Electric & Manufacturing Co. It is expected that about $10,000,000 will be used in build- ing and placing the service in operation. Local bond house specialiting in high-grade bonds has an opening for thoroughly experi- enced bond salesmen. These men must have an established clientele. Full co-operation furnished. . Only those with stated quali fications will be considered. In quiries will be treated confi- dentially. Our men know of this ad. + Address Box 118-A, Star Office 1. C. C. Confronted With Nu-| WHEAT PRICES GAIN Prospects for Action on Farm Re- lief Prove Aid to Market. By the Associated Press. CHICAGO, June 13.—With offerings here relatively scarce and with Liver- pool wheat quotations higher than ex- pected, Chicago wheat prices scored substantial gains early today. Improved prospects for enactment of the farm relief bill helped give a decided upward trend to values both here and abroad. Opening 3% to 1% higher, Chicago wheat afterward continued to climb. Corn, oats and provisions also were firmer, with corn starting at % to 11/, advance and subsequently rising. stil more. At noon wheat was 1%al1% net higher and corn at 13%a2% advance. In addition to the strengthening ef- fect of a better outlook for farm relief, together with Liverpool _quotations higher than due, advices telling of ur- gent rieed of rain in parts of Canada were a factor here today in lifting the wheat market. Especially throughout northern sections of the Canadian wheat belt moisture was said to be seriously deficient. Argentine cables also referred to precarious crop conditions because of excessive dryness. On the other hand, talk was current today that all the wheat needed could be bought free on board vessels in Gal- veston at 12 cent a bushel over the price of Chicago July delivery. It was added there was no export demand, but that wheat was being shipped to Galveston because that was the only immediate available . storage outlet. When that opening is filled, embargoes will abruptly stop the movement to all ter- minal markets, according to various predictions circulated here. Cigarette Sales Gain. NEW YORK, June 13 (#).—The volume of cash sales of cigars and cigarettes by the United Cigar Stores Co. increased 20 per cent since the company lowered prices of popular brands of cigarettes and abolished the profit-sharing coupon service, A. C. Allen, executive vice president, states. Sales on the Pacific Coast during the pl‘:f month increased 28 per cent, he said. STEEL CONTRACT AWARDED. NEW YORK, June 13 (#).—The Mc- Clintic-Marshall Co. has been awarded the contract for the steel work for new buildings to be constructed at Youngs- town, Ohio, by the Republic Iron & Steel Co. The General Electric Co. will furnish the motors and electrical equip- HAWKINS NASH “Conveniently Located on 1ith Street” 1529 14th St. NNW. Deec. 3320 National Bank Pays_interest on DAILY BAL- ANCES on Savings Aeccounts. Interests starts from DAY of deposit and is earned to DAY of withdrawal. IN EARLY, TRADING| FINANCIAL.” Commodity Notes Steel. YOUNGSTOWN, Ohio, June 13— tions of Vi some Pl opérations. There are 115 independent finishing mills and 47 open hearths active tl ‘week. Baggage. SAN FRANCISCO.—Smart luggage, from wardrobe trunks to week en bags, are prominently displayed in many show windows here ce | convention of the Naf Retail Trade. NEW O] the last month of smaller proj % o year ago. due to un- favorable shopping weal and _the buying of cheaper rather than the finer grades of clothing. The volume of xoold:u is larger, but the dollar value not 50 large. has turned out to be Cities Service 0il Co. NEW YORK, June 13 (#)—Cities Service Oil Co. will take over on July 1 Oil Refining Co. in Ohio. The acqui: sition will include approximately 135 yton, Springfield, hmleothe.fltdrfi town, Urbana, Hamilton, London, Mid- dletown, Marysville, Xenia and other communtties in Southern Ohio. Bathing Suit Will Float. A bathing suit which will float has | just been patented by a London doctor. Although having the appearance of an ordinary suit it has special chambers in front and back which can be blown up in or out of the water. These cham- bers are so arranged that a bather who becomes unconscious will float face up- ward, his head being kept out of the water. Swimmers t;bo ve tried to his ‘wound around a tient's arm to his blood m" shee If you need money for our Real Estate financing et us have your application today. Prompt Service No Appraisal Fee The Commercial National Company Pate v SRRTCIRNEL swonio0e Commereial ut:-FIE‘! Ponk Bids. Come in and let us uph;-l. Resources Over $19,000,000. 14th & G Streets R. GOLDEN DONALDSON, President Let us have your applications for LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. NW. CompLETE FINANCING Ist & 2d TRUST MONEY On homes, apartment buildings and business properties. No appraisal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. 24 Jackson Place Main 1403 Dated June 15, 1929 privilege of registration a Tax Free in Maryland and District of Columbia Exempt from all Federal Income Taxes Legal Investment for Savings Banks and Trust Funds in New York, Massachusetts, Connecticut, Marylapd and Other States. 1932—4.75% 1933—4.65 1934—4.50 BUSINESS CONDITION WILL BE ANALYZED 1| Credit Men to Hear Reports From Various Sections of Country. Special Dispatch to The Star. NEW YORK, June 13.—A analysis of business conditions, Jresent and prospective, in leading industries will be made by more than 2,000 credit executives representing manufacturers, wholesalers and banks, at the annual of Credit Men to be held at Minneap- a RLEANS —Retail trade in lons than that of a|dred the Tetail distribution of the Louisiana | D survey em- that they - '.h: ess and ulmm said. ures. Because women would not like to ap- pear on the streets in the prison dress, is the reason given by a prison official why there never has been an attemptéd escape by a woman in Scotland. STORY & CO. 812 17th St. Met. 4100 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 62nd Issue of Stock Now Open for Subscription James P. Shes ll-'-l-m ' 'HINGS do happen in Washington while you're away. The Stag will kesp you in- formed on who's who and where government happenings report world topi .on all the . sports ... financial .in short everything that's worth knowing—the news of the nation —all for a slight cost. Daily and Sunday 1 MONTH 1 WEEK Daily and Sundsy” 1 WBEK. $4,155,000 If you change your addre us giving your old and new address and we will make the change promptly. RATES BY MAIL—PAYABLE IN ADVANCE—POSTAGE PREPAID MARYLAND AND VIRGINIA 85c Dy 50c Seadsy 400 Duiana 25c Daily J5o Sustar ](Qg ALL OTHER STATES AND CANADA 1 MONTH Balizand §1,00 P 75¢ Sendar §c 30c Daily 25o Sundsy 1S8¢ at any time—notify State of Maryland 41,9, Certificates of Indebtedness Due Serially June 15, 1932-44 Maturities and Yields 1936435 1937—4.30 1938-44—4.25% Founded 128 Years Ago ‘Washington Office 737 15th St. NW. Interest payable June 15 and December 15. Coupon bonds with the to principal in denomination of $1,000. 1935—4.40% A1LEX. BROWN & Sons National 1053