Evening Star Newspaper, June 29, 1929, Page 13

THE EVENING STAR, WASHINGTO BONDS ARE TRADED |ox e wore BONDS et wscuver] - (TRADING IS LIGHT IN LARGE VOLUME Heavy Dealings in Convert- ibles Swell Total to High Figure. BY CHARLES F. SPEARE. Spectal Dispatch to The Star. NEW YORK, June 29.—Continued heavy dealings in bonds carrying stock rlvlle(es swelled transactions on the b edilod today above the average Saturday volume. m;rne turnover in convertibles Wuhnn same ions as on Priday, when they m&mor more than half the aggregate transactions of the market. American Telephone & Telegrap! 41s contributed most of the trading. ‘They opened on & block of $150,000 and lfldfil Rverll points to this week's [ll.n hts to subscribe to the issue ex¥ International Telephone & Tele- mn‘ 0‘,: were nm. 50 lct\vc hut t.hzy TBe ek 1o’ m in stock to & new h &;fl:fl ‘The market as a whole was for Atchison convertibles and similar ob- ligations of other propertiss. There was a noticeable increase in the demand for American International. Broader unm-eet ‘was also shown in some utility es like Du Quesne Light 413s, Public rvice of New Jersey issues and one or two others. ‘The railroad list developed little new feature and wes about steady, with brief strength in Southern Pacific 5s, which later lost their gain, and in Baltimore & Ohio 41;s. Among _the speculative de- seriptions Chicago Great Western drop- ped a point and the Seaboard issues were somewhat soft. A rather curious incident was a reaction of nearly a int in Union Pacific 4s, a gilt-edged mortgage. Government issues were qulct and firm, with moderate lctlvlty Liberty Fourth 4les. division showed a fair sprlnkll.nz of small ad- Vlnees in the case of Italian, French, and Finland obligations. Chile uort;ue Bank 6s held the preced- in. h' e w offerings amounted to el “50‘8. .ndm of $51,000,000 from the total of the ml before. —— HANDKERCHIEF GIVES BANK RATE SIGNAL By the Astociated Press. NEW YORK, June 20.—A white linen | handkerchief is {requently the means| p, of notifying the country whether or not the New York Federal Reserve Bank has changed its rediscount rate. During recent months the chief fac- tor influencing stock market sentiment has been the lm?sm:,lty t«‘l’a‘ dPl;edct acté:n ml.nn speculation by the Feder: - . Every Thursday the di- m meet in the New York bank. building and wait for the proper face to appear at the doorway. Ul\lllly n- nouncements are made by Dr. W. assistant Federal mm agent in New York. Brokers' wires are ready T E flash the important verdict. Speed everythis ‘The onl;‘publ.lc telephones on the tenth floor are at the te end of the corridor from the ¥ the :;l'n! for fln-nem CITY WORK CAUSES PAY ROLL INCREASE Special Dispatch to The Star. NEW YORK, June 29.—Saturday night is pot just another night or just bath night for most of the American ‘workers. It's pay day night, and as lbn! as employment continues at its presen! height, y night is going to mean a lot to merchants, manufacturers and 24 more active this year than at any time since 1920. hundreds of thousands of non-skilled not having one lies in loonu for one. The municipalities, with their bank acoounts full of cash from bond issues, are doing a tremendous lot of improve. ment, including paving and buildin construction, and this has absorbed Mm idle city workers. The building workers, are wel employed, -mmug there is no acute shortage of workers anywhere. Metal workers are in de- mand, owing to the extreme activity of the machinery and mlchlne tool trades. SHAKEOUT IS FEARED UNITED STATES. (Sales are in $1/000.) Sales. Righ. Low. 27 9612 9610 1104 10¢ 104 5 10718 10718 10718 FOIKIGN. umuu May ‘1. Argentine 548 "62. o 61. Chinese Gov Colombia 6s J. Copenhagen ¢ %3 ll Copennagen s ct Finland 3% F‘l-lnnd 7 Paris-Ly-Med 6 Paris Orlu:oll*l. Rome 6%4s... San Paulo City 85.. Sao Pauio 85 1936, . Sazon (PW) 7 Seine 78 43, Serba Cr Slav 7 Shinyetsu G"- u Sweden 6s. Uruguay 8s 11 ll o EARRNUD AR AR R A ADNR A~ RSN~ AL SN DD ~OANA IR RRNO A~ 0B S o e o S-ERN o~ 95 94% » 96 98y 99 90 99 1044 104% 107% 107% 105% 105% 114% 114% 109 109 85 85 100% 100% 9% 95 95 109% 109% 8% BT 99% 994 924 93% 884 88U 9% 9uy 104% 104% 108% 108% % 113% 1183% 105% 105% 101% 101% 1014 101 101% 101% 85% 5% 99% 100 10556 105% 89% 89% 108 108 103% 103% 96% 96% 106% 106% 3% 5% 89% 89% 891 89% 4 1024 102% 107% 107% T6% 5% lflllt 102: 10» 106% MISCELLANEOUS. AbramaStraus 5% 4: 112 ‘This work has absorbed | pog, hest paid of the day | LOO™! Lorillard LoulsvG & K 6 ManatiBug st 7 aval | IN AIRPLANE STOCKS|N¥ By the Associated Press. NEW YORK, June 20.—Recent rapid expansion lnd growth in airplane and accessory jes have revived fears in Wall ! of a general “shakeout” in those issues such as taken in the stocks of nearly all new indus- tries in the past generation. ‘While there is a general unanimity of opinion that the aviation industry is| p, on the threshold of & great era of pros- rity, many conservative bankers be- fi:ve that recent development has been too rapid, particularly as nnrdl Wbu: -out” pi It will be the old story, they lly, of the survival of the fittest. ‘The automobile, redio and electrical refrigeration securities all have passed through the same experience. In the sutomobile industry the justment ur,dy was completed before the gen- eral public had entered the stock mar- ket on a large scale. Year's Gross Gains. et ¥ inia Water Service Co., lrzl Federal Water Service gross revenues of abfl for the year ended May 31, !‘T‘. a5 wl‘;l red with l'lflfi 355 YM the Gunl OUN Stand O1I N Y Utilities Powr 638 Vertienies Sug Ts. . Walworth 68 '45. .. Walworth 83 6 102% 102% 1054 964 831 104% 180% 8B4 88% 101% 2% 100% 102% 104% 98 102% 103% 102 ik 8% 3 104% 101% 60 61% - 1 = A RINN AR E RO e N l.fll\ 10!\6 6% 1101% 1 104% 1 9% 1 102% 99 99 1 984 6 105% l O'I't S IM’A 190 1L 9 31 106% 6110 1 9% ! IW\ ‘|05 15 100 4 100 1102% 6 107 'fl'& AIStL&BFrese i, 101% 102k 1024 102% 105 1054 9% 96, 83 100 100 176 180% 884 BBW 58 88 101% 101% 2% 2% 100% 100% 102% 102% 1044 10135 1024 102% 103 102 MY 9% 984 9B% 9% 95 1045 104% 101% 101% 60 60 614 61 100 llfl!fi lUZh’ !6 lth 1024 954 95% 1 % 91% 187 1014 1014 104% 104% 98 98 102% 10214 LA ) 9 98u 105t 108% BBK 9% 0 IWK 1004 I % 106% 105% 110 110 % 99y 100% 100% 99% Sv4 105 99% 100 9% 100 XD!IQ lfil% 8% 'l\fi 0% 70% 704 | last year. 15 by 8% 9344 26 3% U % % 100% 100 19 10R% 108% 108% 97 97 7 50 90% 80 82 2 70 0 70 o 21 101% 101% 101% 13 \0\ 101 lol L] RAILROAD. les, Hish. | Low. clu- 0 8% 1 Bklyn Un EIl 58 '50. (ha Nat 4%s 30 4% . Canad North 6%s. . Canaa Pac deb 4n . Cent of Ga b= C'59. Central Pacific 4s. . Cent Fac Int 68 90, Ches & O Corpn 5s. Ches & Ocv 4ss. .. Ches & O xn 4% Chi & Alt 3%s ctfs. Chi B & Qlstrfbs. ChI&K 1il go 58 61. Chi Gt West 45 ChiM1ISP&Pacls! CMSP&Pacadj5s03. Chi & NW 6§48, CaWIBise2. Clev Term 63 Clev Term §%s. Cuba Nor §%4s cts Del & Hud 1st rf 48. el & Hud 6%4s.... Del & Hud 7s 30. irie conv 4s A, Eriecv §s'67 5% 1001 100t = S o » P - L ] Ty = 1 Pennsyi gold 7. Pare Marg 1st 5 Rlo G West ¢l ¢ StL IM&S gn 6531, StL&SFDIésA.. StLS W ist4s.... St L8 Weon BtL & Sown 63’82, Seaboard A L 4i . Beaboard AL 4s sta. SeabAL adj bs 19 Seab A L con . SBAIFass3baA. z".:s.‘: 00 413t bt Se Sou Pac 4% 69 'Il ll Sou Ry gen Sou Ry Con & Sou Ry ¢%s. Term Asso St L 5 TexArk FS6%s i: 1 8¢ WisCentgnés'4d. 2 76% By the Assoclated Press. ‘The number of business failures in the Unmd States this week, as report- G. Dun & Co., varies slightly those of the put. two weeks. ‘There were 425 reported this week, 427 last week and uo two weeks ago. The number reported for the corresponding week last year was (23‘ Stockholders of the Gardner Motor Car Co. will vote August 3 on a $2,500,- Propesch 1o Snabce b ising 106000 additional common shares at $14 a The Norfolk & Western Railroad is inquiring for 39,000 tons of 'nu company is also arranging m build 10 m-mel box express cars at its Roanoke shops. An offering of f “American” certifi- cates, representing “B” shares of the 8 K F ration, large Swedish roller bearing manufacturers, will be made soon by a group of New York wd‘b‘l'llcl’l, it was reported in Wall Street ¥, Special Dispatch to The Star. Fruit. SAN FRANCISCO, June 29.— The Peach Growers’ organization Annmmm that the canning cling has contracted for on a basis of $80 a wn for first grade and $50 a ton for sec- onds. This is what growers d:manded and is four times what they received ‘Wheat. FORT WORTH. — Texas potential wheat mld has been reduced 6,000,000 Muhe recent hot winds on u;; ’l‘he close to & record. Steel. OmCAOO—-Gllu of scrap are to have been made in this dh- | had what they termed & fairly satis- AT D. C. MARKET Weather Conditions Prevent Business on Large Scale. l Supplies Ample. Weather conditions this week—hot, wet and murky—were nythlng‘ out | conducive to heavy tradin Retailers just kept away from market all they could, observed one of their number, and, he added, it appeared that con- sumers did likewise. “Uncomfortable weather, such as was experienced most of the week,” the dealer said, “certainly is not calculated to sharpen the appetites of consumers, and at times it appeared that many of them were fasting.” In spite of the uncomfortable weather conditions, it is stated, whole- salers had & satisfactory week ‘for this{ season of the year, fully aware of the | fact that thousands of persons are away for the vacation season, while otners seek recreation in the country and gl.ne at resorts instead of at their omes. Fairly Good Week. mentioned a trom the local market and diverts it wher lel.n it all in all, however, dealers factory week. Meat prices continue high, with the exception of the price of lamb, an easing of the lamb market m‘vm( resulted in a decisive drop in prices. Beef prices continued high through- out the week, according to reports of dealers, and veal prices were not cheap. Slight changes in prices of pork and pork products did not materially affect retail prices. In the poultry market cheaper Ltflc“ ‘were reported for small stock, wi sinlle exception of the price of live tur- keys. Prices of the king of the barn- yard fowls slightly increased, due, it is stated, to lighter receipts and a con- tinued fair demand. An easing of the egg market was a surprising feature of the week’s mar- ket. It is thought the easing was part- 1y due to increased receipts of eggs from the West, some fresh stock and short-time storage eggs. Dealers report continued heavy losses in candling o{rgfu In addition to the em that are ly unfit for food pur- poses, according to dealers, many of the eggs are watery, showing the result o! mprorper care on the part of farm- ‘Many farmers,” suggested a-dealer, “nlmply will not see 'o the prompt gathering of eggs, but il let them re- main in the sun or other heated spots 50 long after laying that the are unm for market purposes when at country stores or shipped direct m the city market.” Such eggs are sold as cracked, bring- ing 10 or more cents a dozen below the market price,'meaning losses all around. Butter prices have changed very little this week. Changes in wholesale prices were so slight, it is reported, that retail prices were scarcely affected. Early Wednesday closing of Center Market for the heated period was in- augurated this week. Next Wednesday, however, eve of the Fourth of July holi- day, the market will keep open until 6 o'clock, an hour later than usual, and will remain closed all day the Fourth. Many of the wholesale houses will open the morning of July 4 to accom- modate hotel, lunchroom and other trade, and most of them probably will Retallers were out early this morning to get first pick of commodities. Early early closing of the nt de- iments, consumers wanting su end out delay. eu were substantially the same as prices Today's Wholesale Prices—Jobbers’ Prices Slightly Higher, 41‘? 4514; tub, 43l4a441; store ed, 30. 34a35; current receipts, 30. Poultry, alive—Turkeys, hens, 36: chickens, lari 45; small, 30a32; IOI:“ fowls, 28a30; roosters, 21; du 60265 old, Dressed—Turkeys, 38a40; Spring chick- ens, large, 50a52; small, 40a42; Leg- kuled—&e( 20a23; pork lions, 31; fresh hams, 2 ; lard, in bulk, 13; in_packages, 14. Live stock—Calves, 15; lambs, 12%. table market were reported during the week, receipts of most vegetables con- had been expected that drenching rains early in the week would have ef ing of farms and truck gardens did not ruin much of the gromn!h vegetation. days dealers had attractive displays of homegrown products, while on the more nm-u:uve displays of fl\llt! and vegetables, spinach, dealers Home grown spina flelds, sold nound ll moot of the week $1.25. Kale, more plentiful and not much in demand, was quoted 35 and 50 tinued to have small quantities of mustard salad to offer week were heavy and probably con= tinue so the next uw dtys Buah;sl close their doors at noon. morning buying was prompted by the Governme: time to get away from the eif week quoted yesterday. Butter — One-pound prints, pac) -Hennery, 34a35; fresh selected, toms, 32; Sprin, Leghorns, icks, 15: keats, young, 35240, fowls, 30a32; ducks, 28a 00. (resh shoulders, 18a19; bacon, 32e: Interesting conditions in the vege- tlnulnz heavy and prices cheap. It fect of lessening receipts, but the flood- Along the country line the past two commission house line dealers had even reported, being the only vq:'.lble not g tmll someé fancy stock selling as high as cents a bushel basket, and dealers con- trade. Receipts of turnips the middile of the will baskets of top quality stock sold and 50 cents, bunched stock, bunches, selling at $2 and $3 per 155 buches. Cabbage also has been cheap all the week. Homog:own supplies were offered in single bushel lots at 40 cents, a price of 25 cents belns quoted on large quan- tities. Beets and carrots also have been plentiful throughout the week, selling as low as $1.50 and $2 per 100 hunchza New Potatoes. New potatoes, not very heavy receipts, so0ld on the country line around $1.25 & bushel. Peas continued scarce and Mlh. Rlllhn‘f it $2.50 and $3 a bushel tring beans were offered mon ol the week at prices ranging between $1.25 and $2.25 l bushel. Incs receipts of cucumbers from North Carolina growers the few days came as a relief to de vegetable, always in demand, ing been scarce the past week or more. Moderate receipts of onions met a light demnad and steady market, California crates and 50-pound sacks of yellow Bermudas selling around $2.15 and $2.25. Bunched onlons near| were quoted at $2 and $2.25 per 10| bunches most of the week. There has been plenty corn to offer the trade durin week, supplies from Texas, bama, lell:'md Sout.h ououu and vtrnnh Prices, as Teull to $1.76 a eral t!nlylhtlu uuol lettuce, Western uakek ‘- ” re- trict at $15.26 a ton, or at a 25 cent |4 reduction, compared with level. the recent Baby Has Ostrich Diet. crated of ot ""“’“"{ e "53’-&? operated on at Wanganui, New recently, after it was reported to swallowed a hmon. 26 pins, nm safety pins and buttons were found in its stomach. The little one is recover- lder child had fed the unusual prices d-pended upon size and condition of the Feoe yu.d TR nt and peppers have n ived in small quantities this mk, most of the supplies coming Florida. Pmci stock eggplant »ld at $2.50 and $2.7! condition_sel as low as §1. 0 Granats ‘nd ‘omons ‘ate in ons for the Fourth of July holiday season, the demand for lemons tl'l!l bel.n; i‘-. | brought higher prices. D. C, SATURDAY, exceptionally heavy during such sea- son. Prices have been high the week or more, it is reported by due to lighter receipts and heavy de- mands. The market eased the wt two days, however, and prices dropped to $8.50 and $9.50 a box. neu.u; today were from 25 to 45 cents a n. Oranges were selling around $5 and $5.50 this morning. Strawberries are practically off the market. The berry season has been & good one, dealers report, extending n\ar a much kmler riod than usual, bly because ol ‘weather con ions. Several times during the season the market was glutted, sending prices down low as $1 and $1.25 a crate of 32 qulru ‘Blackberries, huckleberries and ra¥) berries are now being received in fairly large quantities, blackberries bei ‘most plentiful. New Jersey stock of black- berries, larger and in better condition than the end of the season berries from North Carolina, have sold at $5 and $5.50 the past two days, the North Caro- lina stock selling from $3.50 to_ $4.50. Prices of the othe: varieties of berries and cherries depended upon size and condition of the fruits. Peaches Are Better. A decided improvement in the q-utllty and appearance of peaches was re- ported the past few days. Early peaches from North Carolina and Vir- g‘nm were small, some highly colored, t they found slow sale. Later came the popular Georgia peaches, lm size and well flavored. The past two davs dealers received peaches of the Redbird variety from M:ryhnd which sess both flavor and size. ‘The Maryland peaches attracted much more attention than the earlier fruit from the South, dealers report, and were in better demand, aithough they They were of- fered today at $4.50 a bushel, the Georgla stock sclling around $3.75 and 84. Increased receipts of cantaloupes the past few days caused a slight weaken- ing of the market. Government reports showed a total of more than 400 car- loads of them moving about the coun- try a single day this week, the fruit moving from California, Texas, South Carolina and Georgia. Prices of the several varieties of the fruit covered a wide range. Moderate supplies of watermelons this week were in good demand, mnk- ing the market steady, supplies in tI local market coming from Georgla. Tom ‘Watsons sold from 40 to 65 cents, while the Stone Mountain melons, 32-3¢ pounds average, were quoted at 70 and 5_cents. New apples have become much more plentiful. They are not very large, but dealers say they are in md demlnd Fancy large size 1 around $2.25, some poorer fnm nulnl at low as $1. ‘Three small fruits from California— fllums cherries and apricots—are claim- g the attention of dealers in fancy fruits. The fruits are attractively pack- ed in boxes and find ready sale. Plums the past few days were quoted at $3, (he lprlcohs at $3.25 and the cherries Mnc ‘dealers tell of a draggy condi- tion of the market this week. Beef g!ce continued high, veal prices also ing anything but cheap, and the lamb market was demoralized. There has been a fairly good demand for poultry nu-ou;hout the week, according to deal- ers, large Spring chickens being in de- mand at advanced Frlce« Dealers are complaining of heavy re- ceipts of small Leghorn Spring chick- ens, the demand for them being light, although they are much cheaper than other varieties of chickens. Fish Market. 1 Piah ‘Market dealers have had ample receipts of marine {mducts to meet demands all the week. Fish continued plentiful and cheap enough to prompt dealers to urge consumption of more of them during the heated period as a matter of reducing the cost of Hnnz :nd pointed out health benefif derived from reducing the lmounc of meat consumed. Both soft and hard crabs and crab- meat continued p|enm’ul throuflwut the week, ices beiny dealers termed cheap. The hard mbs sold as low as $3.50 & barrel and the soft ones around 75 cents and $1 a bushel. SEES GOOD SALES YEAR. NEW YORK, June 29 (#).—Mall order officials apparently are not inclined to worry over the possible effect on agri- cultural buying power of the recent break in commodity prices. At least that would seerh evident from the optimistic tenor of the remarks of Silas H. Strawn, head of Montgomery, Ward & Co., just before his departure for xurore today. The company’s prospects are highly sat- isfactory, he said, pointing out that sales are running ahead of & year ago and should continue to do so. Profits Munief; sales, and indications are that the year as a whole will record satisfactory ex- pansion over 1928. SILVER QUOTATIONS. NEW YORK, June 29 (#).—Bar ellver, 52% ; Mexican dollars, 39%. GERMAN BONDS AND STOCKS. NEW YORK, June 28 (Special) — Bld. Asked. Ger Govt Red Loan -un drlvln( e, lulch!d per 85.00 60.00 Red hm- vmhuu Grawing cils rxmnu 26.00 _ 30, (Quoted in dolh Hlmhuvx Alas oBa53BET| feyden Chem ercur_Bank ‘Vienna forth German Lioyd. Austrian A E G (General Eleei. FIRST Over a Third of a Century Without a Loss National 2100 THERE GOOD PLACE FOR YOUR DIVIDEND Reinvest the dividend money you'll soon be receiving—in our 6% FIRST MORTGAGES JUNE 29, 192 22 (OMMENT ON BANK. VARIES IN STREET New International Institu- tion’s Function Debated by Experts. By the Associated Press. NEW YORK, June 29.—One eminent American banking authority sees in the proposed bank for international settle- ments a long step toward fulfillment of the old dream of an economic United States of Europe. Banking opinion, with some excep- tions, favors the new institution as out- llned by the experts' committee. Com- it usually leads around to the in- evluble question: Where will this super- bank and p\,ulhle capital of world finance be located ‘Two paragraphs m annex 1, of the experts’ report are rece cm‘;«enthn 'n”le'yhmd. - . Elrpou of the bank pro- Vldfi additional facilities for the inter- 1 movement of funds and to lflord a ready instrument for international financial relaf In connection with the German pnn tion annuities it shall perform as trus- tee for the creditor countries the entl.rs work of external administration of this plan, shall act as the agency for the receipt and distribution of funds and shall supervis: and assist in the com- mercialization and mobilization of cer- tain portions of the annuities. “It shall be located in a financial center hereafter to be designated. In selecting the country of incorporation due consideration shall be given to obtalning powers sufficlently broad to enable it to perform its functions with requisite freedom and suitable immuni- ties from taxation.” Non-Political. ‘This description has been interpreted here to mean that reparations might e & comparatively minor con- ;ldeuuon in the future career of the ank. The non-political and strictly inter- national character of the directorate, together with the fact that participa- tion in the bank’s shares will be to all countries whose currency is on & gold basis, points toward its gradual evol)udtlon into a “Bank of Europe” or worl It is toreuen that the institution will lve Europe a central bank to protect its gold m‘mly from being drawn across the Atlantic and to enwurue the same degree of financial unity in Europe a: already exists in the Dnll!d sum HIGH PBICE FOR SEAT. ' TN e A nthe New Yorl ir! hes been sold for $170,000, an increase of $5,000 over the previous sale, but 020- 000 below the reeord high price, ARRESTS UNE UNDER DRY LAW FOLLOW PHONE CALL Obeying Summons, Detectives Cap- ture Two Young Men—S8ix Pints of Alleged Liquor Seized. A telephone call third llee'm:: led to the W of irt 12, spe- Ferguson, old, and Rnhen Malone nmvm. , last night cn liquor charges, whe; n'-hzynluloln apartment ‘where VIl 8. Gravely, R. J. MeClrW man were stationed in response to the summons. is said to have entered ths r.| J. L Bil- | FINANCIAL First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 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 First Mortgages Jumes B Connely James 7. Sheo For Sale = J AMES F. SHEA ComrLETE FINANCING 643 Louisiana Ave. N.W. LOANS Let us have your applications for - ‘LOANS ON REAL ESTATE Immediats Action Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1751 K St NW. TRUST MONEY On homes, spartment buildings end business ’mnmn. No appraisal Prompt service. Real Estate Mortgage & Guaranty Corp. 24 Jackson Place Main 1403 On and After Monday, July 1st, 1929 Qur NEW Telephone Number Will Be NATIONAL 0540 W. B. HIBBS & Company WASHINGTON, D. C. July Dividends--- Put Them to Work The Fourth of July will simply mark four days’ interest lost, if you have dehy:;!d‘ in investing your July Examine now the 6% First Mort- gage Notes offered through Swart- Rheem & Hensey Company; consider their high factor of safety —proven by our record of 60 years without loss to an investor . . . Bnlunce the possibility of disastrous loss in stock market upsets, against the assurance of a steady income, Brown is charged with transporting, possessing and failing to exhibit a per- mit, while Ferguson is held for trans- portation and second offense pessession. HELD UNDER $500 BOND FOR LARCENY CHARGE Colored Man Accused of Taking Purse and $75 While Mak- ing Delivery. Charged with grand larceny followi: the theft of a thook mmm::,.l $75_from Mrs. len Humphreys, vm of Commissioner W. A. Humphreys of the Federal Trade Commission, Willlam Morris Brown, colored, of the 800 block sald to made off fl&‘n T money. — Middle Western interests have re- sumed their market operations in Elec- tric Auts Lite. MORTGAGES unfailing and mwinz through years and bad . T Then make your reservation now for purchase of these Notes—sold in denominations as low as $100. SwARTZELL, RHEEM & HENSEY CO MORTGAGE BANKERS T27 15 STREET N.W. WASHINGTON D.C. FUNDS That will give you another source of income—one that is unquestionably safe and offer- ing liberal return. Available in amounts from $250 up. B.F. SAUL CO. 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY -Three Years of Ixty Satisfactory Service f[Your Payday and other deposits will have the care and proucuon of the OLDEST Savings Institution in the city when on deposit here. lAs big as this bank is, deposits of every size are welcome, and the same rate of interest is paid on small and large accounts. Safe Deposit Open Until 5:30 P.M. Travelers' Boxes at July 1st & 2d for Checks and Moderate the Convenience of Letters of Rentals Payday Depositors i ational Savmgs &Trust Co. Oldest Savings Inmstitution in the Distriet of Columbia Cor. 15th and New York Ave. >|o]