Evening Star Newspaper, June 25, 1929, Page 15

WASHINGTON, D. FINANCIAL.” VOTING TROST APPROVED FOR CONSOX.IDATED GAS By the Associated Press. NEW YORK, June 2 .—Directors of the Consolidated Gas, Ela’tric Light & Power Co. of Baltimore have approved the formation of a voting tr\ist for the purpose of promoting conct action to insure continuance of the preésent FINANCIAL SPECULATIVE BOND LIS FLUETUATES THE EVENING STAR (o o BONDS s wmes] | ECEPTS OF FRUT ARE LARGE HERE UNITED STATES. . High (Sales are in $1,000.) 9% Sales. High. Low. 1014 172 968 947 99 98 27 93 9911 997 101% g Retate ans We Invite Applications For g FIRST TRUST LOANS on Improved 'Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 Low. Close. 994 101% 947 93% Sinelair Of1 6%s. Sinelatr Ol T . Sinelatr Crude 5%s. Sin Pipe Line §s. South Bell Tel b Close 967 98 30 9911 »mpuh & Potomac Tel. 55—$1,000 . Higher Money Rate Affects| Convertible Issues—U. S. Group Firm. BY CHARLES F. SPEARE. 8peciel Dispatch to The Star. NEW YORK, June 25.—The 10 per ,¢ent renewal rate for call money . to- day affected speculative bonds, through i the irregular movements of stocks into which they are convertible. It also had & tendency to soften the prices of low- yield mortgages, especially the short aturities. It is expected firm money rates will prevail for another two weeks, and for that reason any movement in bonds is likely fo be postponed, except where they are of the equity type. The sav- | ings banks have been losing deposits through June, as they did in May, and normally have substantial withdrawals after the July interest period. They e not likely to figure as large buy- ers until later in the Summer. % Legal Bonds. The fact was emphasized in one bond market analysis today that legal bonds are commanding higher returns I than since 1870. The return on rail- ,road mortgage issues of this type is from 5 per cent up, while short-term | Tailroad equipments are available from 5% per cent, and one year municipals | are offered at 8 per cent. or a net re- turn to a corporation of better than ' 6% per cent. Government issues stood up well to- day, but high-grade rails were inclined to' sag. Baltimore & Ohio 4s dropped about a point. They have a narrow | market and are subject to wide fluc- tuations. Northern Pacific 4s and 6s were off fractionally. Reading Co. 428 declined a point. After transactions yesterday of about | 1,600,000, or 20 per cent of the bond trading of the day, American Telephone | convertables quieted down and were off a point at one time. Then they rallled. | International Telephone 4158 moved up | three points to a new high record. Missouri Pacific 5'2s, Atchison | Southern Pacific 41, per cent con- vertibles were quiet but strong this aft- | ernoon. New Orleans, Texas & Mexico 88 advanced 1. Foreign Group Dull. On several large blocks Brooklyn- | Manhattan 6s recovered more than a point after touching a new low yester- i ‘here also was a fI ional = pared | the lowest for the movement. East Coast 5s joined the list of bonds at the lowest of the year. ‘Trading in the foreign departments ‘was dull and of little sgflnunu. In , general prices were stea ‘COAL PRODUCTION. By the Associated Press. A steadily increasing output in the bituminous - industry is indicated by | weekly Bureau of Mines reports. A increase over last year and a ' increase over the previous week is displayed by figures for the produc- tion in the latest seven-day period, . which follow: - * Week ending June 15, 9,304,000 tons; mmg ‘week, 9.156.000 tons; same week last year, 8,342,000 tons. Washington Stock Exchange SALES. &t 100%. Potomac Electric Cons, 55—8$1,000 at 101, $1,000 at 101. n Gas 55—8$500 at 100, $1,000 at 093, $1,000 at 100. as] n Rwy. & Elec. 45—8$1,000 at 86, $2,000 at 86, $1,000 at 861;. Potomac Electric 312 % pfd.—3 at 108%. Barber & Ross com.—25 at 19, 75 at 10. n!!‘;?nt.hlln' Linotype—10 at 105, 10 at 105. Real Estate Mige. & Guar. pfd.—100 at Security Storage Co.—4 at 120, 3 at 120, AFTER CALL. Capital Traction Co.—138 at 92, 16 at 92, 10 at 92, 10 at 92, 10 at 92. Mergenthaler Linotype—10 at 105. ‘Washington Gas 6s “A"—$100 at 10035. Riggs National Bank—3 at 571. Potomac Electric 5%,% pfd—45 at 106%, 55 at 1063, ‘Washington Rwy. & El. pfd.—1 at 951%. Al:lgcggfll & Potomac R. R. 55—8$1,000 Washington Gas 6s “B"—$7,000 at 104, $500 at 104. Georgetown Gas 55—$1,000 at 100. Bid and Asked Prices. BONDS. | PUBLIC UTILITY. Amer. Tel. & Telsa. 4% er_ Tel. & Teiga. 4128 . Tel. & Tel. ctl. tr. 5§ Anacostia & Pot. R. R. 5 a. & Pot. Bid Asked. 993, 3 . Alex. & M . Baito_ & Annsp. 5s ington Gas B8s.. a5 65( series 85, series B Y. & Eige. 45, : MIECELLANEOUS. Inc., §s... Hotei 8128, W ‘Wash. STOCKS. PUBLIC UTILITY. Patomsc Ll Potomac 5%a%0 pi Wash Rwy. & Flee, com il Wash, Rwy, & Elec, pfd NATIONAL BANK. National Capital golumbia, . mmercial Dist: G T g D225 jonal Bank “of Washington. 305 TRUST COMPANY. - n Trust P ington Loan & Trust SAVINGS BANK. ‘Wash! n - nth _Street ed States 5 ington Mechanics ... £ FIRE INSURANCE. American oreoran .\ remen’s ational Union. & TITLE INSURANCI Title. 9624 9617 9624 0 101 8 10027 101 3 . 27 10328 10322 10318 52. 150 10715 107 6 10714 FOREIGN. Sales. High. Low. Argentine 6s Ju§5. 4 994 9U% u 2 99 11 Close. 9519 99 99 864 948 9. 94 94 103% 102% 103% 97 9. M | Australia ¢ | Australia Australia 68 1957 Austria 78.......00 Bank of Chile 63s. Bunk of Chile 6% Belgium 6s. Belgium 6%s Eelgtum 78 1955. Belgium 78 1956. Belglum 7% 9815 984 98 100 99% 100 104% 1041 104% 1074 107% 107% 105% 105% 105t 114% 114 114d'% 109% 109 109% 851a B3 85 100% 100% 100% 9Nk 91 9% 10814 100t 99 10074 Brazil 648 1926. Brazil 681927, Brazil 78...4.0 Brazil 88...... Bremen State 7 Canada 6s 1931 Canada §s 195 Canada 6%s 192 Chile 6s '60 Chile 65’61, Chile 78 1943... Chinese Gov Ry §: Colombia és Jan'61., Con Pow Japan 7 Copenhagen bs ct. 98 8 1057% 105'% 100% 100% 9915 98% 10074 100% 99% 9y 921 92 92% 92 101% 101 28 3 Denmark 538, 5 9 g Denmark 6s. 10315 10 Dutch East 1 6547.. 2 1023 1023 Dutch East 1 63 6 103 102% El Satvador 8s ‘48 109% 108% Flat 7s x war 46, 93 93 881 88'% 924 924 99% 99% 104% 104% 108% 108 « 113% 118% 106 105% 8914 89% 843 B4l 100% 100% 9619 96's 95l 954 91 93% 5 100 100 98 98 8814 924 7 954 9ol Mexico 4s 04 asntd, Mexico 4s°10 asnt.. Milan 6%s. . Netherlands 6s 72,4 New So Wales 5is.. New So Wales 688, 915 183 88! 91 101 100% 100 9% 94% 101% 101% 102 101 102 101% 85% 8% 100 99% 103 108 85% 85% 85a 851 100% 100% w1 85% 85% 97 961y 107% 1074 102 102 6 107% 107 Paris-Ly-Med 6 Paris-Ly-Med 7, Peru 6s 1960 Peru 631961, Peruis... 851 100% 77 o1 90 1004 100% Rio de Jan 8s Rio GrDo Sol 68 *4! Rome 64s, . 8ao Paulo 8s 1936 Sao Paulo 1950 Saxon (PW) 7 9% 89% 104 104 103% 103% 91 97 104 106% 6% 9914 99% 103% 103 1035 10: 1025 1024 3 108% 108% 9T 97 kY Tokio b%s 1961. . Utd Kingm 6%837. 1% 102% 1021 Utd SteamCopen 6s. 10 93 96 Uruguay 6s 1960... 9 Vienna 68'52. Yokohama 6: 3 93 93w MISCELLANEOUS. Abram&Straus 6%s 14 103 107% Alleghany Cp 65’44 33 984 98 Alleghany 5549 wi 61 98 98 AmAgriChem 7%s. Am Beet Sug 65 '35. Am Chem 53%s cv'49 81 102l Am Int Cor 6%8 ‘49 33 103% . 2103 Am T&T ev 4% 539 .2375133% AmT&Teltrbs.. 10 101% AmT&Tstbs 48 102'; Am Tel & Tel & . 75 105% Am Water Wks 3 964 Am Wrtg Pap 6s' 9 83% Anaconda 1st . 63 104% Anaconda cv db 1178% Armour&Co 4% 881 Armour Del 63| 88% Atl Gulf S bs. 71% Atlantic Refin b: 100% Bell Tei Pabs B. 102% Bell Tel Pa 6s C, 104 Bethlehm St pm 98% Beth Steel 6%s 53. 102% Bethlehem Steel 6s. Certain-Tdb s rcts 12 102% 104% 98% 102 ConGasN Y 5%s.. Cuba Cane cv 78. 100% 10615 100 1014 97% 804 105 100% Detroit Edison 6., Dodge 6s.... Donner Steel 7s Duquesne 4348 67.. East Cuba Sug 1%8 100 10114 97% 8014 3 105 Gen Mot Ae 1004 Goodrich 6 Goodyear 5. Humibie 01l § . Humble O & K 6%s. (11inols Bell 18t 6: [1lincts Steel 4 (ndiana Steel 5. Inland St 4% intl Cement 63 48 Intl Match 63 47 Int Paper 6s 47 100% 4 1021 9y 100% 102% 9645 91% 134% 10114 g Int Tel&Tel 4%4s cv 669 Kan City P & L 6 Kan G & E 68 63. Lackawanna Stl 58. Laciede 6 . {Laclede G 6148 52. . Lautaro Nitrate 6s. Ligget&Myerssssl. Loew’s Inc Loew's 63 w o war., Loulsy G & E b8 03, ManatiSug sf 7%s.. Midvale Steel bs. Mont Pow 6 43.... Mont Power deb bs. Mor's&Co 15t 4148, Nat Dairy 6% NewEngiandTel 1ison 58 44 - Traaae Geoe umbia Estate Title... le & Inv. Co. of Md. | Wash."Cons. Tille pid. MISCELLANEOUS. Ine., com. 5 85" 105 25 Nor Oblo Tr & L 6s. Nor States Pow 63, Nor States Pow Pacific Gas & E 8s. Pac T& T 68 5. Pan-Amer Pete Pan-Amer Pete 7s. Paramount 63 1947, Pathe Exchange 7s. Phila Co 58 67..... Phila & Read 6549 - aBeBaiian 105 9974 102% 107% 104% 3 98% 98% 984 8 .32 % 72 18 97% 98 9TH 58 924 92 - B2 28 88% 88 8E% » =S 4 9 2 9 9 % | Chi Unton Sta bs. ... " | Chi & W Ind cn 48, Southwest Bell Stand Ol N J 68 ¢ Stand O/ N ¥ 4% Tenn Cop 63 B'44. . TennElecPow 65 47. Transcont] Of 6%s U8 Rub 1st rf b U Vertien Walwortn Warner Su; W 4 Westn Union 6%s.. Willys-Ov 6% Wiison & Co 9 Youngstn S & T 5s. B8 Atchison ad) 4. Atcnison gen Atlantie C L 18t 4 Atlantic C L 4%s 64 1 ) B& 0582000 D. B&O SW5s 50, B & O PLEWY 4s. Ardos 48 61, & Maine §i Brdway&7th Av 6s. Brooklyn Elec 648, Brookiyn Elev 6148 Rkiyn Mannat 6s. . Bkiyn Un EIl 63 °50.. Buft R& Pitt 4%s Can Nat 4%s 30 Can Nat 4%s 54 Can Nor 4% s 1935 Canad North 6%s.. Canaa Pac deb Can Pac 4%s 46 Car Clinch&O 6s 52. Central of Ga 53%s.. Central Pacific 4s. Cent Pac 1st 58 90 Ches & O Corpn b: Yvactornn~Hel NecIZomatn ~o e Re «© Chi B&Q gen 45 53.. CB&Q4%sTIB o LAATERTACTRE o - Chi Unfon Sta bs 44. CCC&StLbs D, Cuba yor 5%4s Del & Hud 1st rf & N M A —EW® e~ - FTOPA - J Erie & Jersey 6s. Fla Bast C 58 74 Gr Trunk stdb 6: Great North 5. Great North 5% Great Nor gen 7i Hav El Ry 68 52.. Hav El Ry 6%s 51 o Int&GiNor ad) 68 63 Int & G Nor 1st 68.. Int Rys C A 68732..: Int Ry C A 6%s rct. Mil 1l Ry & L6861 M St P&SSM cn 4 M StP & SSM 6%s.. MK&T st MK & T pr In 68 Mo Pac 5148 '49 vt C&StL 4%8C.0 » PR amam s N e s oaaue BaSENe e in e areaNOmT - N Y State Ry 448.. NY Sus&\Wn gen b8 PRI T LIt 1t Pennsyl gen 4%s. .. Penna RR ¢%a'63. Pennsyl gen 68..... Pennsy! bs 64 Pennsyl 6% Pennsyl gol Pa Ohlo & De! . PCC&SILESA., Reading Rio G W, Rio G W 1st 4 RLIArk & L 4% StL IM&S gn StL&SFri%s18 | St L&S ¥ gen 8 | St L W con SLL & Sown s Seab A L con Seab A L ref 4s SBAll Fla6s 15,4 Sou Pac cit Sou Pacific ref 4s. Sou PaceMsrets.. 8 Sou Pac 41569 ww208 Sou Rty gen 48..... 21 ou Ry Con b Sou Ry 68 51 Sou Ry 6%3 Term Asso St L. TexArk 'S bigs 60, Texas & Pacific 1at, Tex & Pac 68 C'79. Third Ave ref 4s 60, Third Ave adj 6s.. . To) T L&Y 6%s 30, Union Pac 18t 4s. Union Paclflo 4s '68 Union Pac $%43 67, VaRy&Pos.. basn 18t b West Marylai 998 RAILROAD. 1% 100% 102% 100 101 904 T8Y% 931y “ | rent recelpts. Candling losses continue | Bel 103% 101% 106'% 109 C. & 0. BUYS TERMINALS. A subsidiary .of Chesapeake & Ohio Railway Co., the Transportation Co., has Norfolk Terminal & ‘hased the 14 nn:p 92's 93% Southgate Terminals, at Norfolk, Va., %s. 10 225192251 2254 effective July 1. The amount involved 35 92's 93’5 in the 18 believed 99 tween $760,000 pnd $1,000,000, , | S0 pentiful. | have increased receipts of huckleberries, int 10 be be-. Market Also Well Supplied With Vegetables From Many Points. Receipts of all varieties of fruits and vegetables this merning were in excess of demands. They were from all sec- tions of the country, dealers reported, and some of the vegetables from points as far distant as Texas, Florida and California presented an appearance al- most as attractive as some of the home- grown products. It was pointed out that some of the corn from Texas was in as good eondi- tion as much of the similar vegetable from much nearer points. “This i3 due to the treatment the corn receives just after being gathered,” commented a dealer this morning. “It is put through a cooling process and packed for shipment while it is still cool. The result is that much of it is in splendid condition a week or more after being gathered.” Vegetable Receipts. North Carolina shippers this morn- ing supplied local merchants quantities of top quality lima beans, that were offered at $4 and $4.50 a bushel, and they also supplied fancy stock cuecum- bers that readily brought $4 a bushel basket. String beans and peas were not Increased quantities of cantaloupes from the South and West were received this morning and dealers reported a demand for them. While the Cali- fornia stock usually is given the highest rating, dealers this morning reported some of the fruit from Mississippl as being of top quality. Watermelons contmue to come in large quantities from Florida, Georgia and other States in the South, prices being determined upon size and variety of the melons. Best stoek sold around 75 cents. California plums and apricots proved attractive additions to supplies of fruits offered the retail trade today. They came from California and were offered at $3.25 and 250 a crate. A few straw- berries are stiil to be had, and dealers blackberries, cherries and currants. Dealers this morning reported a slight easing of the egg market, with a drop of 30 cents in the price of cur- heavy, aecording to reports, and re- ceipt of fairly large quantities of .the product of the hepnery from the West was reported, the extra receipts, it is| stated, having a tendemcy to lower prices. Today's Wholesale Prices—Jobbers® Prices Slightly Higher. Butter — One-pound _ prints, 44%a 451,; tub, 431,844 ; store packed, 30. Hennery, 34a35; fresh selected, 34a35; current receipts, 30. Pouitry, alive—Turkeys, hens, 34; toms, 32: Spring chickens, large, 40a 43; small, 34a35; Leghorns, B 20; keats, young, 5 . Dressed—Turkeys, 38a40: Spring chick- ens, large, 45a50; small, 40242; Leg- horns, 37a38; fowls, 35a36; Leghorns, 37a38° ducks, 30a32: keats, 80a1.00. fowls, 28a30; Toosters, 31; dueks, 15a |8 management. Another reason for the existehce of the trust, it was announced, will be avoidance of any risk of change in management through the ‘manipulation of small minority stock ifiterests to tl injury of the unorganized:and inactiv majority stockholders. The trust is to run for 10\years from June 20, 1929. A S STANLEY C0. SUED. A mandamus suit has beem filed in Superior Court # Wilmington, Del., by three minority stockholders against Stanley Co. of America, asking that Stanley Co. be compelled to permit them to examine its books and other records to determine the real value of the common stock owned by them. ® The stockholders are Andrew L. Lo- gan, 200 shares; Joseph Halpern, 100 shares, and William Goddis, 50 shares., The three stoekholders, according to the Wall Street Journal, have declined to accept the exchange offer made by Warner Brothers Pictures of Warner| Brothers, common stock and declare that the real value of their Stanley stock is being concealed to force the exchange. TREASURY CERRIFICATES.. v. Sellyman & Co.) 434s Sept. 18, 1920 s Sept. 15, 1929 15, 1929, 15, 1928 15, 1932 13, 1932 15, 1932, 00 N8 m-3 FNEH FOREIGN EXCHANGE. (Quotations furnished by W. B._Hibbs & Co.)\| Ncminal gold scllll;fidrhvecks‘ ift Sdav. 99 30-32 96 18-32 96 16-32 3138 Dee. 96 14-32 v L Paris, Brussels. Berlin, m: zloty . Copenhsgen, crown Oslo. crown.’. Stockholm, © SHORT-TERM SECURITIES. . (Reported by J. & W. Selisman, & Go) Offer. Allis-Chalmers Co. 5s 1937...... 9814 Aluminum Co. of Amer. 5s 1952 1001, Amer. Tel. & Tel. 45 1920....... 997 Armour & Co. of Del 1o 41as Batavian Pet. Corp. il Tel. of Canada 55 1955... California Pet. Corp. 5'>s 1938 Canadian Nat. Rwy. 193¢ Canadian Nor. Rwy. 4las 193 Chesa. & Ohio Rwy. 4125 1930 icago Rock Isiand 4s 1934. Chile Copper Co. 58 194' Cudahy_ Co. 51 Del. & H 3 . Edison El 1l. Boston 4'as 10 en. Mot. Accep. Corp. 63 1937. . Corp. 5s 1940. 1 R. rand Trunk Canada, Guif Oil of Pa_ 5s 1937. Humble Oil 5's 1932 Match Corp. 5% Phillips Pet. Co. 5'as 18 Pure Ofl Corp. 5ias 1937 Sheil Union Oil Co. 5s 1947 lair Crude Oil Co. 5ias 1938 d .Oil New Jersey 55 1946.. 101 M. & So. Rwy. 45 1929 9934 St. L. Southwestern Ry, 4s 1932 9414 Swifi & Co. 5s 1932.. 98 Union Oil Co. Calif. & United Drug Co. 55 1953 Western Electrie, Co. 31 Meats, fresh killed—Beef, 22a25; veal, 23a26; lamb, 25a28: pork loins, 31; fresh shoulders, 19; fresh hams, 26. Smoked hams, 28a29; smoked shoul- ders, 18a19; bacon, 213!,25; lard, in bulk, 12%5; in kages, 1315, Live m:‘c’f—c-lvu. 15; lambs, 13. Fruit and Vegetable Review. The daily market report on fruits and vegetables (compiled by the Mar- ket News Service Bureau of Agricul- tural Economics) sn“s. * Cantaloupes—Supplies moderate; moderate, market slightly weaker. California, Imperial Valley jumbos 45 salmon tints, 5.25a5.50, mostly 5.50: jumbos 36s, 4.75m5.00: jumbos 27: 4.00 24.25, few low as'3.75 jumbo flats 9s and 8s, 150a1.65;" 11s and 12s, 1.75a 2.00; standards 45s, 4.75. Tettuce—Supplies of Western stoek light; demand moderate, market about California and Washington dozen, 5.50a ates’ Teeberg type, 5-6 ebery ', e e stly 5508515, Eastern stock— 6.00, mostly 5.50: lies moder: :.ulpr c‘:’lt!ldy. New York, holdovers 2-dogen crates Big Boston type, 1.50a 1.75, few high as 2.00, some poor con- dition, 1.20. Onions—Supplies moderate; demand 1ight, market steady. California, stand- ard crates Yellow Bermudas, U. 8. ND.I 2.1082.25. ’ Potatoes—Supplies moderate; demand for old stock light, market about stead: Maine, 150-pound sacks Green Moun- tains and Cobblers, U. 8. No. 1, 2.00a 225, few higher. New stock: Demand moderate, market firm; Norfolk section, Uirginis,_and North Carolina, cloth-top stave baxrels Cobblers, U. S. No. 1, 3.50a3.75; South Carolina, cloth-top slat barrels Cobylers, U. S. No. 1, 3.00a 3.2 re, Virginia, cloth-top \Cobblers, U.'S. No. 1, Tomatoes—Supplies moderate; de- mand moderate, nixrket }Ir M‘ma sippl, fours, ripes and turning, wrapped, bept‘t’? 1.25a1.40; fair quxlity, 1.00a1.20. ‘Watermelons—Suppliex moderate; de- mand good, market stéldy: Florida, Tom Watsons, 30-32 pound \average, 65; 22-24 pound average, 40 eack. string beans—Supplies liberal; de-| mand moderate, market slightly weaker: | nearby Maryland, bushel baskets green stringless, 2.0042.25. Cucumbers—Supplies liberal; dexiand pp] moderate, market slightly weaKer; North Carolina, bushel hampers fangy and square bushel crates fancy, 3.3 3.75; some fair condition, 2.50a3.00. Squash — Supplies light; demand |\ slow, market dull; North Carolina, bushel hampers yellow, 1.25a1.50; white, ordinary quality, 75a1.00. Peppers—sSupplies light; moderate, market steady; pepper crates, fancy, some fair condi- tion, best, mostly 2.50a2,75; poorer, low | 50. as 1.50, Corn—Supplies liberal: demand mod- erate, market slightly weaker; Alabama, crates, 1.50a1.75; mostly ! i bushel baskets, fair quality, 1.25a1.50; North Carolina, crates, fair quality, 1.25a1.50; few best high as 1.75. Blackberries—Supplies moderate; de- mand moderate, market steady: North Carolina and East Shore, Md., 32-quart crates, pest, 3.5024.00; fair quality and condition, 2.50a3.00. Apples—Supplies moderate; demand light, market steady; Delaware and Virginia, bushel baskets, Roxbury Rus- sets, st, medium size, 2.00a2.2 ordinary quality, small size, 1.00a1.25. VIRGINIAN RAILWAY. NORFOLK, Va. June 25 (#.—Sta- tistics released here today at the office of the Virginian Railway show a nef increase of $2,182,592.20 for the first five months of 1929, as compared with $1,260,608.83 for the corresponding pe- riod last year. Operating revenues increased from $7,608,585.26 to 38,111;3.25. while op- : East stave barrels 3.7524.00. demand erating expenses dropj from $4.561.- 745.21 to $4,009,446.87, i4 was shown. The gross income was. $3,830.522.56 for the first five months of 1829, as com- pared with $2,940,950.47 for\the similar period last year. o i Fuller Construction Report. NEW YORK, June 26 (#)-:-George A. Fuller Construction Co. and Jts Ca- nadian subsidiary booked new business in the year ending April 30 $36,530,732. Wotk completed am First Mortgage Loans Fair Rates of Interest J. LEO KOLB 923 N. Y. Ave. Dis. 5027 Attention! —of retired business man who has a surplus which he would like to have working for him and still have an opportunity to supervise his investment by becoming president of a local institution. To individuals with serious intentions and net curiosity seekers we will be pleased to complete details. Ad- Box 88.C, Star office. . Money to Loan T evaTInE inferass o i Joseph 1. Weller £ First Mortgages For Sale JAMES F. SHEA 643 Louisiana Ave. N.W. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 62nd Issue of Stock Now Open for Subscription Money Loaned to Members on Easy Monthly Payments 3 E. Connelly ¥. Shes president Irereidry LOANS Di.ez us have your applications LOANS ON REAL +ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W. ComrLETE FINANCING TRUST MONEY On homes, spartment buildings” and business properties. No appraisal fee. Prompt service. Real Estate Mértgage 10 $30,173,413, whilé unfinished business at that time amounted to $44,233,008. o \ SILVER QUOTATIONS. June 25 (#).—Bar 3o, Vae; Raiens dalach Wb~ & Guaranty Corp. 24 Jackson Place Main 1403 =t THE IDEAL INVESTMENT Standard Collateral Trusteed Common Stock Shares A_TRU in i est 0 investigate. Standard Collateral Shares Corp. Franklin 3383, Woodward Blds. Consult Us First If you need money for your Real Estate financing let us have yeur application today. Prompt Service No Appraisal Fee The Commercial National Company Incorporated Pald up Cash Capital, $900,000 Commerelal Natlo om: (Satonal Bank Blde. i\jlongage Loans STORY & CO. 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts . Acceptance Credits Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits . Travelers’ Cheques Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER, President Capitdl, $1,000,000.00 SPECIALISTS IN Property / IN NEARBY MONTGOMERY CO. AND THE DISTRICT OF COLUMBIA Periods of 3, 5 or 10 Years % O, if You Prefer &% The Trust May Be Made to Bear Interest at 6% to Include Commission No Appraisal Fee Founded 007 Loan Correspondent John Hancock Mutual Life Insurancs Co. 1417 X St " Solving , éféat Pt;pblem 2 WHY do bl.:.y business ', men take the extrafare limited? The five-day; % boat to turopc'l Why. is commercial aviation { % meeting with such widespread success? Merely because ‘time saved is money saved and the pressure of modern business is exceedingly high. Naturally you must save time in order’to accomplish that which must be done. ! Iglehart representatives save time for busy men by helping them solve the problems and escape the tedious details of investment. One of them will"gladly supply you with information you need in making major investment decisions, and keep you advised of developments affecting your holdings. When may he call? = 23 J-A. . Iglehart & Co. Investment Bankers 719 15th ST.,N.W. - WASHINGTON, D. C. Baltimore, Md, ¢ Clarksburg, W. Ve. ‘Wilkes-Barre, Pa. Richmond, Va, Wilmington, Del. Charleston, W. Va. One i 77 Vs ol POWER AND LIGHT SECURITIES LIGHT HERALDED THE DAWN OF COMMERCE HUNDRED years before Christ, the island WO I state of Rhodes stood at the crossways of com- merce. the gold Argosies brought the spices of the East, of Africa, the tin of far-off England and traded in her harbor. Yet something was needed. Demand created supply. A colossal statue of the Sun God, over 100 feet high and holding in its hand a flaming torch, was erected beside the harbor. Now ships might sail by night as well as day. Light had answered the call of commerce. It was 2,000 years before Edison in his little workshop in undreamed-of America brought to industry the incandescent electric light, so that giant searchlights might guide the mighty air-borne commerce of tomorrow. One can only regard the future of the power and light industry on the basis of its past. times a: 1908 to We use today four much electrical energy as in 1915. From 1928 the number of customers of central power stations grew from 1,950,000 to 22,000,000, while revenue from sale of electricity increased from $175,000,000 to $1,770,000,000. The record of the industry suggests the wisdom of investing in well-chosen power and light securities. GreLeT & Co. [ BALTIMORE " WASHINGTON, D. C. BANKERS INVESTMENT BUILDING WASHINGTON, D. C. Telephone: Main 2460 PHILADELPHIA, PA. WILLIAMSPORT, PA. \ EASTON, MD. - BIRMINGEHAM, q >