Evening Star Newspaper, July 8, 1929, Page 13

ISSUES BUNTINUES Profit Taking Absorbed as Various Groups Push Ahead to New Peaks. BY HARRY H. BECKER. E£pecial Dispatch to The Star. NEW YORK, July 8—Strong and active, the Cufb Market today continued the forward movement of last week. Profit taking was readily absorbed and practically all the recent trading fa- vorites responded to the persistent de- mand. The largest gains were made by the high-priced issues and generally without any concrete developments on which to basa the speculation. New Records. | Aluminum Co. of America. crossing | 400 for the first time, was up more than | 4 poinis from, the preceding close, carrying along Aluminum Co. Ltd., cre it was 25 points above Sa(\ll- day's final and likewise at & new peak price. Others in this same general class were Proctor & Gamble at a new high, just under $400 a share: Great Atlantic & Pacifie, and Deere & Co., each of which gained on a limited voltme. United States Finishing, which | advanced 20 points last week, bettered | its previous high by a fraction. The public interest in the inaugura- tion of the coast-to-c afr-rail line service was reflected in the strength in Transcontinental Air Transport, which forged ahead into new high ground Other airplan2 stocks were steady, but aont, which | o%ald to/hav cared $20 a | share i the first s of the ent year, held arcund its previous | which, however, was 15 poiats | higher than a week ago. As a large | Tolder of Kennecott, Newmont stands | to profit by any increase in the divi- | dend on the former. Some interest was shown in the ofls, particularly Humble and Vacuum. both of which were higher. Cosden, which had made a new high Saturday, reacted. Marconi_International was the strong | member of the communication shares, starting in on a block of 31,500 shares at a new high. Checker Cab held its recent gain but did little more. The sident of the company was quoted aving that earnings for the first six | months after all charges should exceed | $2,700.000. | Public Utilities. Public utilities had a large turnover. | FElectric Investcrs resumed its advance, | closely approaching the high of the ar. American Superpower rallied. | ectric Bond & Share was strong. up over 3 points. Other utilities in good | drm'!nd included Northern States Pow: er “A" United Light Power “A, American Gas & Electric and United | Gas Improvement. That the utllities are still in a comparatively strong tech- | nical position is a fair deduction from the indifference the market displavs toward reports of criticism of merger plang in high plac Baltimore Markets i Epecial Dispatch to The Star. BAISTIMORE. Md., toes, white, 100 pounds, potatoes. barrel, 1.5024.00: toes, bushel, 1.50a2 yams, bushel, 1.5022.25; beets, 100, 2.00a2.50: beans, bushel, 75a2.00; cabbage, 100, 1.50a2.50; carrots, 100, 3.00a4.00; celery, crate, 0026.00; corn. dozen, 20a30; cucum- hamper, 1.25a1.50: eggplants, crate, | ; lettuce, bushel, 50a1.00; lims 27524.00; onions, crate, peas, bushel. 2.50a4.00: onions, 100. 1.00a 35a50; peppers, spinach. bushel, per, 1.75a apples blackberries, quart, 12a20: cantaloupes crate, 1.50a4.50; grapefruit, box, 2.23 4.00:" huckleberries, quart, 15a25; sweet pota- | | | Ll spring | squash, hamper, | 1.50a2.25; bushel, oranges, box, 2.50a3.50; peaches, crate, 1S 2.5024.50; watermelons, 15a20. Dairy Market. ! Poultry, alive—Chickens, pound, 30a | 42; Leghorns, 25a30; poor and thin, 21a22: old hens, 26a31; Leghorns, 23a | 26: %oid roosters, 18a20: ducks, 20a25; guinea fowls, each, 50a100; pigeons, pair, 30a Egn—-fiocvipt: 1429 cases: native and nearby firsts, 31; current receipts, 29: small, undersized, 25. Butter—Good to fancy creamery, 4{a 44: ladles, 33a35: stare packed, 20; rolls, 31a32; process butter, 40a4l. Hay and Grain Markets. ‘Wheat—No. 2 red Winter, garlicky, &pot, old, 1.18; new, 1.1712; July de- livery, 1.17'5. Sales, bag lots nearby, new, 1.00a1.07; cargoes on grade, No, 2 red Winter,| garlicky, 1.141 ¢. 3. 1.1174¢ No. 4, No. 5. 1.05';. —No. 2 export, quotations; No. 2 vellow, 1.11a1.12; ‘cob_corn, old, Oats—No. 2 white, domestic, spet, 56; No. 3 white, domestic, spot, 64374' N uly delivery, no domestic, spot, Hay—Receipts, 22 tons. While hay is arriving here in limited quantities only, it is more than enough for demand, which s being supplied mostly by trucks from nearby points, a few carloads be- ing received. There is not enough business passing to establish prices cn the various kinds of merit at a range of 14.00a16.00 per ton for timothy orsrlmer hay. traw—No. 1 wheat, 12.00412.50 ! ton; No. 1 oat, 12.50a13.00. i Live Stock Market. Cattle—Receipts, 550 head. suppiy, market steady. Prices are for grass-fed cattle. Strictly grain-fed cattle will brmg mnfldenb(y more. Steers. choice, 13.50 to 14.25; good, 13.00 to 13.50; memum. 12.00 to 12.75: common, 10.00 to 11.50. Heifers, good to choice, 11.50 to 12.50; good, 10.25 to 11.00; mediym, 9.00 to 10.00; common, 7.75 to 8.75. Bulls, good to choice, 9.50 to 10.50; fair to good, 8.50 to 9.50; common to medium, 7.75 to 8.75. Cows, good to choice Stable, 9.00 to 10.00; fair to good, 8.00 to 9.00; ccmm.n to medium, 5.00 to 7.75. Sheep and lambs—Receipts, 3,300 head. Fair supply, market lower. Sheep, 2.00 to 6.50; lambs, 8.00 to 14.75. Hogs — Receipts, 850 head. Light supply, market higher. Lights, 12.83; heavies, 12.40 to 12.50; medium, 12.85: roughs, 7.75 to 10.85; light pigs, 11.75; pigs, 12.75 to 13.00. 'Trucked hogs 15 to 30 lower than quotations. Calves—Receipts, 660 h supply, market higher. 6.10;. no extras. o AP - B SHORT-TERM SECURITIES. (Reported by J. & W. Selig s Co, 58 1097, Fair Cal! 3. Ganadian Nor. Rws. 418 19: Chesa, & Ohio Rwy 4'.: 1930 ago Rock Island Enlfe Cobper 0o B 1947 Gudshy, Packing Co. 5-;; Goodvear T & R .55 195 91 GrendHhank bt Ganada 6o’ 1033 1031 Quit Oil of by, 53 1937 Humb] o2 ater: g oo "n‘a's’ s Pet. Vg Pure Oil Corp, 5 Union s Bt d, 8 Go. Special Dispatch to The list of stocks and the ‘'volume of ‘sales and prices up to and including the close of the markei: nles IND in hllv\dred USTHXAL! s 8 Accoustje. Prod. A'Aero Indus_. r n 5 Amer Cilics P & L A 30 Amer Clv P & L B. Col T : 13 Amer Prenmatic. § Amer Sol & 8 T et Superp ' 3Am Thread ptd 'y Am Window Gla 6 Anchor Post Fen 8 Anklo Chil Nitra 3 Areturus Radio T B 1 Asso rts s7d 1 Asso 4Asso_Rayon pfd 1au Fruit & Six Auto Vo M evt pr Bi 2 3:\ Au.\ ion Co of Am otd Gent Sta El pfd ww NEW.YORK, Jul; Pollowln‘ s ‘ zonm traded the New York Curb Market today wfl.h! 1 a3t 0 SRI8SNINNE i T 33 S TO T e SO s3Zsusuess: a3, S For uthos ac G 9 > e =uud-=a-g.-2-.~-_~_ §1v=33uuv1 hilippe _(Louis) k Bar & Co 99TYY T B I, 3 nc. .. 23 Roch Gent " Power. ! 1Rolls Royce pfd... .. 4 Roosereit cnel v i nulmnuf S pm & retlm Tha “1ne pid 844 ' Sieeted Traus tnard na 10 Select ‘Ind Inc pfd: ety Control 31 1 Sheafl 4 Siorsky Avmatio 3 8illea Gl el ctfs f nger 1 Sinker e Lid. Smith Co t 22 Southw Gas Dtn Cnrn 3 Southw Strs hain Stare, Blo 1 Ma: 12 ol Palmol P. 3Und ZCockshutt Plow 4 Cotumbia. Pictures It u Eotumbns ‘EI” P 8 Commonwith Ed 262 Comw & Sou opt ¥ 3Conn Erec . cl 3 Taszert corp Thermold BT pid ... 501: d Export 23 3 Trnse Alr Trans Fiai a1t 33 Trans Am S...1137% 173 Trsne Air Trep JIrans Lux DLP'S A Star Ga 489 Carroon & 8 "or A Ivereal Avia cod. nited Stores Store: oehler Die 4 Doner Steel. 4 Deuglas 2 Draj El Invest Inc pid.... Elec Share Hold i 6 Elec S)uret Hold ‘pfd Il'l 4Em Pow C: 573, & Pub Ser obt Wt 3474 Evans ‘Wall Lead.... 1 Fiat stk deb rts 16 Fiat rc 3 Finnnclal” tiv 1 Fireman Fune 2 Firestone Tire. & Fokker Alrp Al 4 23 Ford Mot Cn Can'A'R 49 25 Ford Mot 13 2. ‘ ank (H H) Mfg Co L4 Frank (H-H) M C pf. 9 58 Fresnman Chas Cu k:ul % Bt cor, 3 Gen Real & Ut Cor pf 9633 len Alden Coal..... 123 3§§=" 4 Ground Grip Shoe. 1Ground Grip Sh nld 3, 13 Guardian_Fi 5 EREaRlipsus e sedueians So003REES! S o e 535! & Stores ,nuluu B 193050 8. 8315 Msro 2safgagccdad 055 oncn e o 5«. g " 2 28, L 48% 1795 i 17 14 1's 2 Wendon Cop 1% Sales INDEPENDENT DlL STOCKS. in hundreds. "r- e R Y uot‘:ebgmt Pet. Ty onard Ofl xon & 18 7 Superfor Oil G n wi 5% res SInGl Mercemtite Mar ¢ ghntl Mercantile Mar 50 Infl Project n 1Intl Sat 1 Kobacker tores. 26 Kolster-Brand 1Lake Foun 1 Lerner Lov a Land & ;Ludlu "Bam nm cMarr Store = 3 Royat evt' pid. ,8 Mid West Util M WU 22 Buases LR =88 _seas,syss, T VRNE W AF F 7} debtaed 5330 2Ny SR & 1o £ 5 3 P FLEHEL les in _ STANDARD Gnits. " PORMER S u?Dult 300 AnlnoAn o:l i kr ym i S a88900see-zEas 3 LL Boriib okl : ...§=..- ] ;EEEEESE? 35 Tl e 1 ! 2.25; 2-inch minimum, 2.2522.50: U. S. | ’July e O il 198 G8%: [ No. 1, 134-inch minimum, few sales, | Getonti 8113.00; 3-inch minimum, 3.50." Qetover. 1 Potatoes—Supplies liberal; demand January .. | light, market about steady; Norfolk | March Scction, Va. cloth-top stave barrels, +| CHICAGO, July 8 ‘(P (United States 17| ‘53, | weights), 12.25a13.50; common and me- TRADING IS QUIET AT D. C. MARKET Hot Weather Keeps Cus-! . tomers Away—Commodi- ties Plentiful. Received by Private Wire Direct to The Star Ofim ' 3 t C A % Towe M LAP elvin Corp 68 5: 5 558 . 2B E o 2RZY A dull and lifeless condition of the market was reported this morning, hot weather keeping buyers away, direct re- sult of consumers not being expected ! to do heavy buying of retailers today. { Mondey business usually is slow under | most favorable conditions, buying of most commadities being huvbr enough to carry retailers over unt Tuesday morning. ‘Wholesalers had commodities of every | variety in quantities greater than suffi- | cient to meet demands, according to re- | ports, although receipts, especially fruits and vegetables from neathy Maryland | and Virginia, were not especially heavy. | | Fgg Market. Hot weather already has materfally | affected the egg market, dealers reported this morning, #nd a scarcity of top quality product of the hennery was re- | B ..u..x-.ou—auu-E-———auw—._auuu 1] k4 K S, 51 S WP & 168 A 203 10 0 sscam ported. “A usual Monday morning shipment | of 10 caces” remarked a dealer today, | “dropped to 2 cases this morning.” The decreased shipment, the dealer | -! suggested, probably was a result of the | hot weather, poultry raisers being un- able to gather all their eggs before many of them are overheated. Prices have not changed the past few days, dealers report, although candling losses have greatly increased. Poultry dealers are not receiving sup- | plies mich In excess of degand, it is | reported. Increased receiptis of turkeys were reported the past few -days, the demand for them being greater than is | usual during the heated period. i Dealers had their usual attractive displays of fruits and vegetables to offer the trade this morning, many of the fruits being fancy stock. It is e; pected that hot weather the past few | days will benefit growingz tomatoes and | 3 % ni & of ub o oo 5 Zocacaan: Z 22 Wester & Wise: Cent 55" 730 FOREIGN BONDS. 8634 Sales in 2 Bughos ‘Aires k Ger St 69'B 31 Tsot Frasch W Tiol Enberpow 65 63, Mansfeld MAS 74 ‘41 d' 'n result in increased receipts and lower L prices. | 3 Rumania Insy 75 69 Dealérs this morning reported priees | 21 cfs Shumia s anen D j of commodities about the same as prices | quoted Saturday. | Today’s Wholesale Prices—Jobbers’ ~ | wiees Slightly Higher. i Butter—One-pound prints, 43'.244!;; | wi it tub. cz'zus store packed, 30. | —Hennery, 34a35; fresh selected, | WHEAT CLOSES HlGHER 134333 current receipts, 30. | Poultry, altve—Turkeys, hens, 34; | CHICAGO, July 8 (P.—Desplte! toms, 33, Spring chickens, large. 42a | 3,489,000 bushels’ incre f the United 43 \"53“:; ’(ans Le ghmm 30233: | | States visibie supply to. wheat ad- l . 28a wr;d 21 ‘0 _D. and vanced briskly in the late dealings, | N“- old, 252 Dressed | more than offsetting early declines. | —Turkeys, : Sprong c);; ers, Indications were that rains, which had | large, 502’ small, 40242 Leghorys, | fallen both north and south of the :zfiflnow“h 30a32; ducks, 28220; keats, | dian line, would prove sufficient to | o 1 e groight hage, and that a|__Meats, fresh killed—Beef, 20a23; veal. great deal of the Spring wheat crop lamb, 25a27; pork loins. 3 was too far gone to recejve much benc- sn hams, 26a27; fresh shoulders, At. Notice was also taken, of reports | 13a19; bacon. 22a25; lard, in bulk, 13; that heavy.ralns in parts of Kansas |in packages, m\;hl Seriously interfere with harvest| Live Scki—Calves, 157 lambs, 12%. Fruit and- Vegetable Review. The daily market report on fruits and vegetables (compiled by the Market | News Service, Bureau of Agricultuial Ecotomics) says sales to jobbers e: cept where otherwise noted: xd—EX_dividend wi—When issued | n-New. work. Whut closed firm, "« to 1% above Slturdly< finish. Corn cloced 13 to 3, up. Oats varied from 14 decline to an equal advance. Provisions unchanged to a rise of 12. = w. Close TE i ety .|~ Cantaloupes—Supplies moderate: d September mand light, market slightly weaker; e rmbie California, Imperial Valley, Jumbos, 36s, | y salmon ¢ints, 400a4.25; Jumbos, 4 { September mostly 4.50; standards, 45s, 350a3.7. (et flats, mostly 1.75; few ripe all sizes, July ) lower; Honey Dews trading slow: stand- September 35 ard crates, 6s, 2.00a2.25; few 2.50; 8s 10 125, 2.2522.50; few, 2.75 Lettuce—Supplles moderate: demand ! moderate, market about steady: Colo- rado, crates, Iceberg type, 4-5 dozen. : California, crates Iccberg type, 4 dozen, 4.00a3.50: 6-dozen, 3.7524.00; New York, 2-dozen crates, Big Boston type, 2.25a2.50; crdinary quality and condition, lower. Onions—Supplies light;: demand mod- erate, market sieady: California, stand- ard crates, yellow Bermudas and 50- pound sacks, yellow Bermudas, U. 8. No. 1, 2.00a2.15. . Peaches—Supplies moderate; demand light, market slightly weaker; North Carolina, sixes Carmans, U. §. No. 1 3.00; medium size, 2.50 2.00; bushel baskets Hileys, | 1% -inch imum, 2.00a EBcrnver COTTON PRICES GAIN. NEW YORK, July 8 (Special).—As| the Government acreage figures were slightly below the total generally ex- pected, the cotton market steadied | quarter of a cent today and closed with | b e a gain of 19 to 25 points. Spots were arge size, small size, advanced 25 points to 18.60. i -y aha Cobblers, U. S. No. 1, medium_size. 3.50a3.75; East Shore, Va:; cloth-top CHICAGO LIVE STOCK MABKET stave batrels, Cobblers, U.'S. No. B a m stly 4.00. Tommoes—Suppnrs light: demand moderate, market stcady; Tennessee 4s, ripes and turning, wrapped, No. 1, 1.50a 1.75; mostly 1.60a1.65. Watermelons—Supplies _liberal: de- mand moderate, market firm: Georgia and South Carolina, Tom Watsons, 22- | Department of Agriculture).—Hogs— Receipts, 47.000 head. including 23.000 head direct; market 10 to 15 cents higher; top. 12.15; 160-220 pound weight, 12.00a12.15: choice, 300-pound weight at 11.40; butchers, medium to choice. 250-300 pounds. ”“"“55 24 pounds average, 30a35; 30-32 pounds 200-250 pounds, 11.60a12.15: 160-200 % | | pounds, 11.50a12.15; 13 160 pourde, Bt el e T115a12.15; packing sows. 9.75a10.75: | “*Gliirc peans—sapplies liberal; el pigs, medium to choice, 90-100 pounds, 110.75a12.00. Cattle—Receipts, 17,000 head; calves, 3,000 head; steady to 15 cents higher: spots up more; steers scarce, showing i most upturns light yearlings unless | strictly chofce no better than steady: top, 16.40; slaughter classes steers, good _ | and «choice, 1,300-1,500 pounds, 14.75a 116.50; 1,100-1,300 pounds, 4.35a16.50; ! 950-1100" pounds, 13.75a16.40; common and medium, 850 pounds up, 10.25a 3.90¢ fed |z,nrnnux zood and choice, 502950 pot al Heifers, and cholce "850 pounds down, 13.50a13.25; common and me- dium, 9.75a13.50; cows, good and choice, 9.50a12.25; common and medium, 7.75a 9.50; low cutter and cutter, 6.25a7.50; bulls, good and choice (beef), 10. 158 1150 cutter to medium, 7.75a10.25; vealers (milk fed). good and_choice, 14.50a16.50; medium, 12.50a14.50; cuil and common, 8.00a12.00; stocker and feeder steers, good and choice (g1l mand_moderate, market about steady: | East Shore, Md., bushel hampers, round (ringless, 2350; bountifuls, 2.00a2.23; mostly 2.25; nearby Maryland, bushel g:skets green, “round, stringless, 2.00a 50, Cucumbers—Supplies moderate: de- mand light, market dull; North Caro-| Tina, bushel hampers, fancy, 1.5022.00; few best, 2.25; culls, 50a1.00. | Peppers—Supplies light: _deland light, market firm; North Carolina, bushel ~hampers, green, 2.25a2 Florida, pepper crates, green, fair g ity and condition, 2.00a2.50. Corn—Supplies light; demand mod- | erate, market firm; North Carolina, cratcs, 2.00a2.50; few higher. Ar)les—Supplies light; demand mod- erat:, market steady: Virginia and Maryland, bushel baskets. transparent unclassifie medium size, 1.25a1.5 small size, 1.00a1.25. Firm Plans Expansion. NEW YORK, July 8 (#).—The Shell Eastern Petroleum Products, Inc, a subsidiary of the Royal Dutch-Shell Co., now operating throughout New England, is planning to enter New York City and important New Jersey cities in com- pfl,mon with Standard Oil of New York and Standard Oil of New Jersey. TREASUBYT:EBTIFICATES. & w Seligman & Co.) Offer. dlum 9 50a12.25. Reuinu 10,000 head, market act.lve mustly 25¢ h!gher. stock na- tives, fiflfl to 15.25; top, 15.40; weih- ers, 15.00 to 15.25: vearlings, 12.25, td 1250 fat ewes, 6.00 to 6.40; feeding mbs, good and choice, 92 pounds down ll 15215.50; medjun, 13.00a14.75; cull and common, 10.00413.00; ewes, me- dium to_choice, 150 pounds down, 5.50a 6.75: cull and common, 2.5085.50; feed- er lambs, good and choice, 12.50a13.55. T R A Continental Can Expands. NEW YORK, July 8 (#)—The East- ern Shore Can Co. of Hurlock, Md., has been purchased by the Continental Can Co. The acquired company manufac- tures cans principally for canners of vegetables grown along the Eastern Shore of Chesapeake Bay. PARIS BOURSE PRICES. PARIB July 8 (P).—Trading was g:“ nnd pflcu were firm on the per cent. rentes. 74 francs ao cemlmer per cent lo: 102 francs 45 centimt Exchange London, 123 francs 97 centimes. dollar was quoted at 25 !nnes 574 eemlmel ] 4“1! Dec l A: 3‘* s Sept. 3138 Dee. SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Allis-Chalmers Co. 5: 1937 Aluminum Co; of amer, B34 1 Armour & Del. 545 1943. mmmm & oéxe vs; 533 o c-mu 55 . Corp. 15.' 1 A% 18, 15/ Saturday | | States reached an extraordinarily high | the test of the total of bank chec FINANC DEPOSITS OF ALL LOCAL BANKS - SHOWN BY CALL OF JUNE 29 Following is a complete tabulation showing the deposits in all the banks in Washington in answer to the bank call dated June 29, 1929, issued by Con- troller Pole, the figures of the March, 27 call also being given for purposes of comparison: NATIONAL BANKS. IAL DEMAND FOR COTTON CONTINUES ACTIVE Speeial Dispatch to The Star. NEW YORK, July 8.— Reports by Government authorities on cotton crop acreage, issued today, will not suffice Totals...... Niie .‘358_200 27 $264,479,968.06 $3,720,339.80 Statement compiled by Audley A. P. Savage, auditor, National Savings & Trust Co. HIGH MARK IN TRADE. By th Associatcd Press. Business activity 7.56 MARYLAND TOBACCO SALES. . BALTIMORE, July 8 (Special).— Both receipts and sales of Maryland leaf tobacco showed decided increases last week, the former totaling 2,103 hogsheads, and the latter 1,605 hogs- heads, leaving a stock in State tobacco warehouses of only 5,139 hogsheads, lit- | tle of which remains unsold in first in the United record for the week ending July 3. by issued in_leading cities, as compiled | for the Federal Reserve Board. The figure for the week was 38.7 per cent above the previous week and 38.4 per cent above the corresponding weck of last year, though the board remarked that the corresponding week last year had but five business days. Bank check totals for the comparable pe- riods were: Week ending July 3. Preceding week 7 Same week last yea Checks in the New rk dmrm for the week ending July 3 amounted to $14,620,451,000, against $9.890,000.000 in the same week a year ago; checks drawn in the Chicago district for the same periods were $1982,685,00, against 1512 946.000. Kl CKICAGO DAIRY MARKET, CHICAGO. July 8 (/).2-Butter steady; receipts, 11998 tubs; creamery extras, 41; standards, 41; extra firsts, 40a4075; firsts. 38a3815: seconds, 37238 Eggs higher; rcccipt.s 15,799 case extra firsts, 311y firsts, 30'za3l; ordinary firsts, 2745a29. Under an active demand, prices are | holding firm on all grades suitable for | cigarettes. Quotations today for Mary- land leaf tobacco, per 100 pounds: In- ferior, 7.00210.00; scund. common, 11.00a 20.00; good common, 21.00a30.00: me- | dium. 31.40: good to fine red. 41.002 50.00; seconds, common to good com- mon. 7.00a20.00: medium, 21.0033 seconds, good to fine, 34.00245.00; up. per country, burley, nominal; ground leaves, ncminal. 542,485.000 » eyer STOCK RIGHTS OFFERED. NEW YORK. July 8 (#)—The Swan- Finch Oil Corporation is offering stock- holders_rights of one 7 per cent pre- ferred sieire at $25 a share for every tiaree common shares held. The pro- ceeds will be used to finance acquisition | of th~ Sterling Oil Co., Sails Oil Co. nd the M. & M. O Co, all of Bul- falo, N. Y. | ing the week ending July March 27,1920, June 29, 1929., Increase. Decrease. | !0 determine the size of the crop. Bank of wuhtngton. $8,395,129.30 $8,018,063.80 $377,065.50 | Weather and weevil are factors which 4,661,434.04 4.462,140.83 199,293.21 | will be dominant for the next 10 weeks . 15935944.11 16,435425.50 $549,481.30 | at least. But the acreage reports will b 9,030,668.84 8,957,520.57 79,148:27 | enable the manufacturer of cotton tex- Federal-American ... 12.501,744.60 11.001,783.05 i 1,589,961.64 | tiles to make his plans more intelli- Pranklin 4,652,717.22 4.799,070.50 146,353.28 gently “than he has been able to do Liberty : 3,498,565.56 3,432.931.65 65,633.91 | 50 far this vear. Lincoln . . 6,652,318.21 6.470,065.48 18225273 | Despite the break caused by the Metropolitan . 18,234,20510 18.602,919.58 368,714.48 | Independence day close downs, the de- National Capital..... 1,985,2€9.03 1,709,616.62 7 275,652.41 | mand for cotton is active. The old crop Riggs . 48,831954.50 8,665,746.54 166,207.96 | cotton stocks are melting and there Second . 6,367,579.85 6,616,488.00 48908.24 | is every indication that when the new — | crop year begins. August 1, world stocks Matals: ... $140,837,530.45 $139,215,772.21 $1,621,758.24 | Wl be nearly 10 per cent under those | of a year previous SAVINGS BANKS. | In additiog to seeing what is before t. i | them more clearly in the field of raw March 27,1929, June 29,1929. Increase. Decrease. | material, the textile manufacturers are Anacostia .......... $1,321429.71 $132731261 $5882.90 | gaining a better idea of what consump- Bank of Brlxhlv\ood 669.948.53 711,645.85 41,697.32 | tive demand will be. Unless the un- Chevy Chase 21,833.60 $15,513.72 | foreseen takes place. prices and de- Commerce & Savin 152.314.27 . | mand for finished goods scem likeiy Departmental . 55.882.83 ;to be steady and favorable. East Washingto: 19,142. 47, Additional assurance as to demand Industrial .... =2349n7z 26,825.02 & was brought to the trade t4day by Inter-Exchange 735.252.98 12,450.41 | announcement of the General Electric McLachlen 1.022,685.12 52, 44,267.60 | Co., large consumers of textiles for Morris Plan Bank... 1.233.061.95 22 7,202.54 | insulation purposes. that the big elec- | Mount. VeMnon...... 3627.804.50 3.861.825.9 33,.931.13 | trical equipment manufacturers did not North Capitol. : 1 1.632,141.1 24,785.91 | themselves contemplate manufacturing | Northeast . ? 1.540.066.30 30.435.52 | for their own use the base cotton ma- | Park 5% A 3,368,361.97 19.171.05 terfals, denving entirely the Import Potoma . 3,600.815.13 - 57,412.66 | of published articles that it contem- Prudential 5 333,763 41/338.37 plates or ever contemplated manufac- Sec. Savings % 6.156,061.16 57,781.51 | turing its cotton goods requirements— 1.7 1763178834 30.255.94 thereby eliminating the textile indus- = 2.519,693.76 2,626,438.66 106,744.90 1:3_"‘11'!0"1 its connections for raw ma- Wash.' Mechanics. ... 2,602.950.04 261634697 13,396.93 Wash. Savings...... 747,632.19 782,027.07 34,394.88 | The position of General Electric was Wood. Lang & Com.. 504,142.94 549,039.33 44,896.39 | made plain by L. F. Barringer, engi- — | neer of insulations. o ERRE £40,105,7€4.91 $40,766,217.88 $660,452.97 TRUST COMPANILS.. * March 27, 1929, .hvw 29,1929. Increasn. Deecrease. | American _ Eecurity §39.631.633.01 £1.349.481.37 | Continental 279.874. Merchants' Ban! D 519.294.86| NEW YORK. -More than Munsey g 7.949.73 | 1,200 cars of ne: cat have been re- National Sa mm 390,230.77 | ceived at Galves nce July 1, Union Trust.... $503,762.52 compared with fewer ‘han 100 during Washington Loan. 1343493123 715,965.37 | the same period last vear - —| Childs Co. announres that it.will Totals.......... £84,407,947.97 $2.759,034.53 | close its Minneapolis restaurant. | “New building projects filed gac'hn :C. IL v | Borough of Manhattan, New York Citr, B R during June were valued at $17.129,500. March 27,1929, June 29,1929. Increase. Decrease. | compared with $15.869.850 in May, and National banks $139.215.772.21 $1,621,758.24 $35.610.675 in June, 1928. Savings bank: 40.766.217.88 $660,452.97 Studebaker Corporation reports sec- Trust compan 8725698250 84.497.047.97 2759,034.53 | ond quarter sales amounted to 31.163 cars, as against 30.028 in the first quar- ter, shipments for the first half of 1928 amounted to 75.28% Prices on animal, vegetable and fish oils, fats and greases were steady dur- 6, the Of, Paint_and Drug Reporter states More than AT a third of A " "l a ceniury’s ezpericnce Property Is Not Producing Properly —give the management over to us and let our experience straighten things out. We specialize in Apart- ment House management— and can show you definite and satisfactory results. SATL. €@, 925 15th St. N.W. B 1. Nat'l 2160 OF NEW YORK (including Foreign Offices) ASSETS Cash on Hand and in Banks Exchanges for Clearing House Due from Foreign Banks . . Bonds and Mortgages . Public Securities . . Other Stocks and Bonds Demand Loans Time Loans . * Bills Discounted Customers’ Liability on Acceptances * v (Less Anticipations) Real Estate . . s . Accrued Interest Recexvable % « o e . . . e . & e . Y . TE S . o o o s o e o . . . ..o Other Assets- « o o o o ¢ o o o o o o LIABILITIES Capital « « ¢ o° FRIS I O, Surplus and Undwlded Profis e ARATE A Reserve for Contingencies . « « o « « o k Reserve for Taxes, Interest,etc. « « = ¢ Deposits_. . . s PRL Ik L et Acceptances (Less in Pofl:foho) & Lo v Notes Payable . . . L R Items in Transit with Foreign Ofiices o S Other Liabilities « o o o o s o & o & o . Foreign Offices o " ‘PARIS: 41RueCamhm(llelevardde THE EQUITABLE TRUST COMPANY Condition at Close of Business, June 29, 1929 HOME OFFICE: 11 Broad Street, New York LONDON: 10 Moorgate, E.C. 2; Bush House, Aldwych, W.C. 2 aitis MBXICOCH’Y Calle Condesa No. 3 $ '42,248,972.38 55,628,390.76 9,243,989.24 5,965,250.00 32,481,409.87 20,436,110.18 79,679,427.80 144,619,890.42 133,371,607.69 45,481,768.93 16,660,644.87 2,104,386.99 ___2.058,830.89 $589,980,680.02 $ 30,000,000.00 28,801,888.95 2,304,604.00 2,699,506.89 '460,588,331.16 47,774,218.29 15,891,675.00 .+ 210,808.48 1,709,647.25 $589,980,680.02 la Madeleine),