Evening Star Newspaper, July 15, 1929, Page 11

FINANCIAL.® FINANCIAL BOND PRECES DCP AFTEREARLY AN | Reaction in Stocks Reflected in Prices of Convertible Issues. [ ov soix BONDS ot ] Received by Private Wire Direct to The Star Office Mortgages Investments JAMES Y; PENNEBAKER Nat.5201 1520 K St. N.W. Consult Us Regarding TRADING IS QUIET |STOCK PRICE INDEX _ ATD.C.MARKET) MOVES UPWARD | Lo 1emm mer. Estare. Loans Shipments Light Over Week|Market Strong but Spotty[} - 5]/2% End—Tomato Prices During Last Week—Util- We Make First Mortgages on Show Drop. ities Feature. Homes, Apartments and Business Properties in the District of Columbia and Nearby Maryland and Virgini Low. Close. 95% 95 93% 94 92% 92% 101 101 100% 101% 103% 103% 104% % Bales. High, Sinclair Crude 5%s 6 Sin Pipe Line 14 Skelly O1l 6 South Bell Stand O1I N J Tenn Cop 63 TennklecPow 63 47 ‘Transcontl O11 648 United Drug 68 63 U8 Rub 1strf 7 Close 99 28 97 20 101 9720 27 101 44 101 10 4 10412 10410 64 10514 1084 FOREIGN. Bales. High. Low. Close. 99 994 MONEY LOST? t you have worthless debts or 1 nts. outstanding, a National 3 2 CRARTERED in 18IS 10314 farn Utilities Powr 6% Warner Sug 78 39.. Warner Sug 78 41.. West Elec b3 . Westn Union 6s 51, Westn Union 8% WinRepeatAr 7%s. White Eagle O 6% Wilson & Co 18t 68, Youngstn $ & T bs. RAILROAD. . 1 13% Fas Bial B Lrl “ BY IRVING FISHER. Special Dispatch’ to The St NEW HAVEN, Conn., July 15.—The New York stock market was strong but spotty last week. Utilities and steel were the features with new highs. The utilities group is about 25 per cent above its May low and March high points, registering steady throughout it week. ‘The steels group moved nupward Business this morning was anything but brisk. Such usually is the condition of the market Monday mornings. Deal- ers had ample supplies of foodstuffs left over from last week's market to supply the trade, however, without depending upon early morning receipts. Practically no commodities are ship- ped from nearby Maryland and Vir- ginia on Sundays, according to whole- salers, perishable fruits and vegetables excepted, and such supplies come in motor vehicles. Many tomatoes were gathered by Maryland and Virginia growers and brought here this morning, giving the BY CHARLES F. SPEARE. 9 Special Dispatch to The Btar. NEW YORK, July 15.—Until the stock market began to show signs of unsettlement around noon today there was vigorous trading in all of the con- vertible bond issues, with most of the prominent ones at the highest on this movement. ‘These included American Telephone & Telegraph 4!j3s, which were up 134 points, and Alleghany Corporation 8s, 2 points; Atchison 4'5s, 2'4 points; Mis- souri Pacific 545 4!, points; New Haven 6s, 2'4 points: Krager & Toll bs 99 947% 99 N 864 954 954 102'% RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue Decatur 3600 Mortoaee Loan Correspondent, New York Yife Insurance Company EiVTERPRISE 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 James . Connelly. James F. Shes President Secretary Ann Arbor Atcnisoh ke Atch deb 4 %s 4 * First Mortgages For Sale JAMES F. SHEA 643 Louisiana Ave. N.W. First Mortgage Loans Fair Rates of Interest J. LEO KOLB | 923 N. Y. Ave. Dis. §927 || several of The Mutual Investment Trust Offers advantages to the Investor in addition to Substantial Profits 52% net earnings so far this year Write for Booklet Marlow Beech Corp. 1732 Conn. Ave. LOANS Let us have your applications ‘LOANS ON REAL Potomac 6167 ESTATE Action Immed Courteous record of Our speaks for itself. Percy H. Russell Co. 1731 K St. N.W. reatment 35 years | fowls, each, 50a1.10: pigeon: and Remington Rand 5'.s, each 1'4 points; American 1. G. Chemical 515s, A point; Philadelphin & Reading Coal 6s, A point, and Cuba Cane 7s, 24 points, proportion of dealings in con- vertible honds to the general market continued at about 40 to 45 per cent, with the railroad and railroad invest- ment trust issues taking the lead away from the public utilities and indus- trials. In the reaction some of these issues lost more than half of their early gain. | International Telephone 4,8 were con- spicuously heavy, while the rest of the list was advancing, with a loss at one time of 2!'; points. The semi-speculative operations in the market overshadowed all other dealings. Changes in mortgage issues were slight. In the fortign list there weve small recessions from last week's closing quo- tions. South and Central American bonds continued to show a heavy tone, especially the Antioquia group, the Co- lombia Mortgage Bank 6s, Peru 65 and the Brarilian provincial bonds. Closing out of weak accounts also has affected some of the German municipal loans, while German indus- trals have been strong, with the United Steel Works 6'3s up 10 points from their low and currently quoted at the highest of the year. Another significant phase of the bond market has been the failure of a large number of second and third grade in- dustrial and public utllity issues to rally, although there has been a big market for the junior shares of these cnmpln)e\ at rapidly rising prices. The fact_that‘increased equities are being established under scores of mortgage bonds has made practically no impres- sion on their prices, which continue to be influenced by high money rates and an apparént boycott by investors of all fixed interest bearing securities. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., July 15.—Poultry alive; Spring_chickens, pound, 32a43; Leghorns, 25a31; poor and thin, 21a22; old hens, 30a33; Leghorns, 28a30; old roosters, 18a20: ducks, 20a25; guinea pair, 25. Eggs—Receipts 1,911 cases; native and nearby firsts, 33a3313; current receipts, 31a33; small, 25. Butter—Good to fancy creamery, pourid, 4lad4: ladles, 33a35; store pncl‘(;d, 29; rolls, 31a32; process butter, 4041, Live Stock Market. 6% Secared by First Mortgages Safe—Conservative Make your savings and surplus funds work for you &t the highest-inter- est rate consistent with absolut safety. Wm. H. Saunders Co., Inc. N OTES 42 Years’ Experience in financing homes and in the © sale of these se- curities. REALTORS Main 1016 We Invite Applications for FIRST TRUST LOANS on Improved Property IN NEARBY MONTGOMERY CO. AND THE DISTRICT OF COLUMBIA Perlods of 3, 5 or 10 Years BOSSEPHELPS Founded 1907 Loan Correspondent John Haneock Mutual Life Insurance Co. 1417 K St. JULY DIVIDENDS— invest them in safe GUARANTY FIRST MORTGAGE NOTES National 9300 AND BONDS 6% leh-grade nvest- k1 % on_‘improved aaninetof | mon, 21.00a30.0 good Cattle—Receipts, 650 head. Steers, falr supply, market steady: choice, 13.73 to 14.25; good, 13.00 to 13.50; medium, 12.00 to 12.75; common, 10.00 to 11.50. Helfers, choice, 1150 to 12.50; good, 1025 to 11.00; medium, 9.00 to 10.00; common, 1.15 to 8.75. Bulls, good to i choice, 9.50 to 10.50; fair to good, 8.50 to_ 9.5 8.25. common to medium, 7.75 to Cows, good to choice, 9.00 to {10.00; fair to gocd, 8.00 to 9.00; com- mon to medium, 5.00 to 7.75. Sheep and lambs—Receipts, 3,800 head. Fair supply, market steady. Sheep, 2.00 to 6.50; lambs, 8.00 to 15.00. H Receipts, 1,400 head. Light market spotty. Lights, 13.20; vies, 12.50 to 13.00; medium, 13.20; roughs, 8.00 to 11.10; light pigs, 12.00; pigs, 13.00. Trucked hogs, 15 to 30 lower. Calves—Receipts, 550 head. Mod- erate supply, market higher. Calves, 6.00 to 16.50. Hay and Grain Markets. Wheat—No. 2 red Winter, garlick: 2} delivery, 1.35) August delivery, 1.3615. Sales, bag lots nearby, new, 1.12a1.15; cargoes on grade, No. 2 red Winter, garlicky, 1.36'; No. 3, 1.33!2; No. 4, 1.301; No. 5, 1.2715. Corn—No. 2 expoft, July delivery, no quotations; No. 2 yellow, domestic, spot, 1.12; cob_corn, old, 5.50. Oats—No. 2 white, domestic, spot, 55a 5515; No. 3 white, domestic, spot, 5585615, Rye—Nearby, 1.00a1.10. Hay—Receipts, none, While hay is arriving here in limited quantities only, it is more than enough for demand, which is being supplied mostly by trucks from nearby points, a few carloads being received. There is not enough business passing to establish prices on the various kinds of 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. Vegetable Prices. Potatoes, 100 pounds, 75a1.25; new potatoes, barrel, 2.3024.75; sweet pota- toes, bushel, 1.50a2.25; beets, 100, 2.00a 2.50; beans, bushel, 50a150; cabbage, 100," 2.00a3.00; _carrots, ~2.50a3.50; celery, crate, 3.5085.50; cucumbers, hamper, 50a1.25; corn, dozen, 25a35; lettuce, crate, 50a1.50; lima beans. bushel,’ 2.50a4.50; onions, hamper, 1.00a 1.25; peas, bushel, 4.0024.50; peppers, hamper, 1.00a1.25; tomatoes, hamper, 2.50a3.25 apples, bushel, 7582.50; blackberties, quart, 12a20; cantaloupes, crate, 1.2583.50; huckleberries, quart, 1215220; oranges, box, 2.00a4.00; ngses, hamper, 85a85; watermelons, 25a50. MARYLAND TOBACCO SALES. 4 | medium, 21. BALTIMORE, July 15 (Special Receipts of Maryland leaf tobacco last week dropped 111 hogsheads, while sales totaled 1277, leaving a stock in State tobacco warehouses of 51G hogs- hends. Prices ruled very firm for all grades, with good grades slightly higher. The new 1928 crop contains many exceptionally good-burning cigarette quality hogs- heads, which in some cases will bring & premium over market prices. Quotations today for Maryland leaf to- baceo per 100 pounds: Inferior,7.00a10.4 sound common, 11.00a20.00; good com- ; medium, '31.00a40. to fine red, 41.00a50.0 common to good common, 233.00; seconds, good to fine, 34.00245.00; upper country burley nominal; ground leaves nominal. (COAL PRODUCTION. By the Assoclated Press. time in. the coal-mining Colombia 6s Jan'é1. Con Pow Japan 78.. 1 Czecho 88 1953..... Danish Munic 8s B. Dutch Kast 1 6s 62.. DE15%s Mch 53, Flat 78 x war 46. Finland 6% . Finland s £ 63 ‘45 Finland 7s. .. Framerican 7% Norway 6148 1953 Norway 68 1944. . Orient Dev bi4s RhineWst EP 78'50 Rio de Janeiro 6%s Rio de Jan 8 Rio GrDo Sol Rio Gr Do Sul 8 Rome 6%4s. | Setbs Crot S0 8 Serbs Cr Slav 7s. ... Sao Paulo 88 1936 | Sao0 Paulo 1960, Saxon (PW Seine 7s 42. Shinyetsu 6%4s 62 | Soissons | Sweden 6s. .. | Swiss Confea | | 3 8 e e Uruguay 6s 1 Uruguay 8s. . Abram&Straus 5% . 20 2663 25 Anaconda 18t Anaconda cv d Atl Gulf 8 bs. Bell Tei Pa 68 Bethlehm Bt pi Beth Steel 6% Bathlehem St Sklyn Edison Rush Ter: Colon Ofl C6l G&E 68 Com Invest b% Com Invest 6348 Con C » - PO~ PP P = SR PTCR IR CE TR T P - Cuban Am Sug 88 DatroitEdison5s40.. Detroit Edison 6s quesfie 4148 67 «Gen Cable 5%8°47.. Gen Mot Ad Cor 6 Goodrich %8 Humble O & R 6%s. (1linots Bell 18t Indlana Steel 6. Inlana Stl 4348 7 Intl Cement b b4 llnu Match 68 47. ... 23 Inter Paper Int Tel&Teleg 4%s. 12 Int Tel&Tel 4 s cv 281 G& b ManatiSug st 7% Midvale Steel 6 1014 2 110 109% 8744 9914 10319 103 102% 102 4% 86% 921y 99% 10419 1004 100% 100 MISCELLANEOUS. 172% 10214 105% 109'% 874 99% 109 103 10415 110 114 #5 841 993 | 6 | a7k | 1014 | 107§ 101 107 105 1001 109% 80 %0 | 107 1095 106 109 10815 10815 | 115 97 99 103 171% 10215 105 9714 82 104% Bkiyn Mannat Bklyn Un E1 § Ruft it & Pitt 4% Bush Term con 51 Can Nat4%s30. Cam Nat 4%s 54, Can Nat 414 67. Canada Natl4 % s’ Canad North 6% Canaa North 7 Canad Pac deb 4 Can Pac 4%s Centof Ga5sC"* Central Pacific 48., Cent F’ac 18t 68 30.. Ches & O Corpn 58. 210 ChIMIISP&DPac5aT6. 68 CMSP&Pacad)5s0d 589 ChIM&SIP41%SC89. 6 Chi M&SIP 443 B. 5 Chi Rys 68.. o2 Chi R1& P gn 4s. Chi R1&Prfds. ... Chi RT & Pac 4348 ChiStPM&O 68" ChiTH&SESs Chi Un Sta 4% Chi Unlon Sta 5s... Chi Union Sta 6%s. Cuba RR 7% < Cuba Nor 6%s cts. Del & Hud b%s Del & Hud 78 30. Den & Rio G en 4 D Rio G West 58 DRG & Wst 6878 Det United 4% Erleconv ds A Erie 18t cons 4 Erie Gen 4s.., Erfecv 58" Fla Bast C 5n 74. Fonda J&G 4852, Gr Trunk stab 6s. Grand Trunk i Gt Nor 4%8 76 D Great North 5%, Great Nor ren 78 Green B & W deh B. Hav El Ry 5%851.. Hud & Man aj ba Hud & Man ref i LAY AR RELREN SRR R + 35 L | M Centrer 4 1 C. Int Rapid Tran b=, , Int Rap Tr 5s stpd Int Rapid Tran 6 Int Kap Trans Int Ry C A 6% ret, Int Gt Nor b8 1956 Int & G Nor 1st 6 Towa Cent 1st Gs. Kansas City S 3s Kansas City 8 58 Kan City Term Lehigh Val cn 48, Louis&Nash uni 4s, Louts & Nash 7s... Man Rv 1st 4= 90, Market St 78 40.... M7 El Ry&Lt 448 Ml Kl ity & L 65 61 Minn & StL ref 4s.. MK & T 1st 4s. . MK&T4sB MK & Tadj bs.... MK & T prinbs A, Mo Facific gen 4. Mo Vac 8 F 77 Mo Pacific 55 G ‘78, Mo Pac 5343 ‘49 evt 398 Mont Trm ref 6s d1. 6 NOT&MbY% N Y Cent deb N Y Cent 48 98, NYCentrfbs N Y Cent deb NYC & StL deb 4; NYChi&StL 514sA. NYChI&StL 6%y B, NYC&StLésA.. NY C&StL 4%8C.. New Haven 3% 86. NY NH&H cv db és NY NH&H cit N Y Ont W 18t 4 NY O&W gen 4= 56. N ¥ State Ry 44s.. NYStateRy 6%s 62. N Y Kys 68 65. N Y Rys 6s A 65, NYW&B4%S. Nor & S gen bs §. Nor Pac 3s 2047, Northern Pacific Nor Pac 4%s 2047.. Northern Pac r i 1 Ore Short L cn 5 1656 105 94 9914 100% Ore Wash 1st 4 Pennsyl gen 4% P Pennsy| bs Pennsyl Pennsyl gold RIArk® L St L IM&S R&G StL&SFpIisA.. StL&SFrels7s, StL&BF prli SLL & Sown b8 San A & Arn P 4s.. SeabAl adj bs 1949 S A Lretd S A L con 6 SBAIIFlats35 A Sou Pacific ref 4 Sou Pac 4148 rets.. 1 Sou Pag 445 '69 ww2yl Sou Ry gen ¢ 1 B 1977 Tex & Pac 68 C*79., TexArk FS 534850, Term Asso S L 4 Third Ave ref 4s 60, Tol Tr L&P 5%8 30. Unilon Pac 1st Union Pacifl Union Pac 4% UnlonPaclst 110% 82 5% 101% 100°4 4 | few unbranded, medium size, | fresh hams, | fornia, st country line and commission house dis- trict a coloring of red that attracted much attention, ‘With the increased supplies of to- matoes came a dropping of prices rimes this morning being freely of ered at 75 cents and §1 for 2-peck bas- kets, No. 2 quality selling around 50 cents. Other Vegetable Supplies. Boats from Onancock, Eastern Shore of Virginia, are bringing supplies of po- tatoes, landing at Municipal Fish Mar- ket, and the vegetable, it is stated, is of top quality. The market was a trifle firmer this maming. first quality po- tatoes around $5 a barrel. Beets, string beans, carrots and other small vegets 's continued in plentiful supplies, some home-grown and others shipped in from distant places. North Carolina growers supplied local merchants quantities of watermelons of the Tom Watson variety. Best stock, 34-pound average, brought 75 and 90 cents, while Thurmond Grays, Georgia product, 30-32-pound average, were quoted at 60 and 75 cents. Dealers had liberal supplies of peaches to offer the trade this morning. Many of them were of inferior qunfzy, how- ever, and dealers accepted almost any offer for them. Practically no poultry was recelved this morning. Along the line of poul- try houses were hundreds of coops awaiting shipment to the places from where they were shipped when filled with poultry. There were fairly large quantities of poultry carried over from last week, however, and dealers were able to more than meet the day's demand. Prices of most commodities were the same as prices quoted at the close of t week's market. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter — One - pound prints, 43a44; tub, 42a43; store packed, 30. Eggs—Hennery, 35a36; fresh selected, 34a35; current receipts, 29830, alive—Turkeys, hens, 1§; keats, young, 60a6 Dressed—Turkeys, 38a4( ens, large, 48a50: mediu 36a38; Leghorns, 37a3 ducks, 28a30; keats, 80 Meats, fresh killed A ; lamb, 30a32; pork loins, 28; fresh shoulders, 22; smoked hams, 30a32; smoked shoulders, 19a20; bacon, 24a25; lard, in bulk, 14; in_packages, 15. 2 Live stock—Calves, 15; lambs, 1312 Spring chick- 45a46; small, ;awls. 35a36; 23a24; a13. Fruit and Vegetable Review. The daily market report on fruits and vegetables (compiled by ghe Market News Service Bureau of Agricultural Economics) says: Sales to jobbers except where other- wise noted. Cantaloupes—Supplies, heavy; demand moderate, market about steady; Arizona and California. Imperial Valley, jumbos 36s and 43s, Salmon Tints, zome fipe, 3.00a3.50: soft as low as 2.50; standards 36s and 45s, 2.75a3.00, ripe soft, wide range prices, 1.75a2.50; few best both sizes higher; miscellaneous melons, 3 California arrived, 5 broken and 2 un- broken cars on track; supplies moderats demand moderate, market steady; Cal dard ‘crates, jumbo crate: Honey Dews, 1.75a2.25, mostly around 2.00; standards, and 45s, Honey Balls, good quality and condition, 4.50& | 475; ponys, 45s and 54s, 3.50a3.75, Lettuce—Western supplies ligl mand moderate, market steady; Cali- fornia, crates, Iceberg type, 4-5 dozen, 4.00a4.25, mostly 4.00; Eastern supplies moderats demand moderate, market about steady; New York, 2-dozen crates, Big Boston type, few best, 1.25; fair to ordinary quality and condition, 50a1.00. Onlons—BupRHra light; demand mod- erate, market firm; Eastern Shore Vis gini bushel hampers, yellows, No. 1, 2.00a2.25; mostly 2.25. Peaches—Supplies liberal; demand moderate, market slightly weaker; Georgia sixes, Elbertas, U. 8. No. 1 dium to large size, 3.00 U. 8. No. 2, 2.50; South Ca baskets Belles U. §. No. 1, medium size slightly green, 3.00a3.25; unclassified, all sizes, wormy, not wanted; no sales reported; North Carolina, bushel bas- kets, Hileys, sixes, Hileys, U. S. No. 1, fine quality’ and condition, medium to large size, 3.75a4.00; bushel baskets unclassified, small to medium 2.258250° bushel baskets | PO Belles, unclassified, 1%-inch minimum and 2-inch minimum, mostly 2.50; Vir- ginia, bushel baskets' Carmans, unclas- sified, slightly decayed, 1.50a1.75; one- half bushel hampers, Carmans, large size, 1.35. Potatoes—Supplies,moderate; demand moderate, market stronger; Eastern Shore Virginia, cloth top stave barrel Cobblers, U. S.'No. 1, branded 4 '1:_'5:‘-5.00. Tomatoes—Supplies liberal; demand moderate, market weaker; nearby Mary- land, one-halt bushel hamper Earlianas, 75a1.00; Bonnie best, 1.25a1.50. ‘Watermelons—Supplies moderate; de- mand moderate, market steady: Bouth Carolina Thurmond Grays, 30-32 pounds average, 60a65; few 75; North Carolin: Tom Watsons, 34-pound average, 75al each. String beans—sSupplies moderate; mand moderate, market steady; nea Maryland, bushel baskets, Bgrem string- less, 2.00a2.25; Eastern ores Mary~ lzlnd. bushel 00. de- rb! ympers, green flats, 1.75a Cucumbers—Supplies moderate; de~ mand light, market steady; East Shore. Md., uand North Carolina, bushel hampers, fancy, mostly 1.50. Peppers—Supplies moderate; demand light, market steady; Florida, pepper crates, fancy, 2.2582,50; Georgia, bushel hampers, fancy, fair condition, 1.26a 1.50; North Carolin: wanted, refused. Corn—S8upplies light; demand mod- erate, market steady; North Carolin crates, fair to ordinary quality and cor dition, 1.50a2.00. al mostly hard, B-dozen baj me every day last week except Thursday, when it paused. This group is points above April high and 37 above its March low. The food stocks sagged on Thurs- day, but otherwise moved forward consistently, ending the week about 9 points higher than the week before, Most of the other groups showed losses and gains fairly well bal- anced except the motors, which dropped 15 points on Monday, Tuesday, Wed- nesday and Friday. This group is only 8 points above its low on June 1. Call money continued strong through- out the week, but no aggravation of the stringency 1s looked for. Market opin- fon inclines to look for easier condi- tions in the near future. The compact survey of New York Stock Exchange movements of common industrial shares is given below in price indexes (1926 — 100). There are two indexes of market price movement. The first (“shares outstanding”) represents all common industrial shares listed on the exchange, the importance of each | stock beln, considered according to the shares in existence, or outstanding. The second index (“50 leaders”) shows the price movement of the common in- dustrial stocks most heavily dealt in during the week, this list changing | weekly with the shifts in trading pop- | ularity. | The “shares’ outstanding” index shows what a_substantially representa- tive $100 worth of stocks in 1926 would | now amount to if held unchanged since that year. The “50 leaders” index shows the result of reinvesting the $100 every week in the market favorites of | that week. The last column of the table gives the rate of return on the week's 50 leaders | at current prices. | Shares 50 Rate out- market of standing. leaders. return. Irving Fisher. : 1926 average High ('28-29) 192 3 141 4 (July’38) (July'29) (Jan'28) 125.1 253 " (Peb'28) (Peb'28) (May'20) (Copyright, 1929, by Irving Fisher.) Commodity Notes Spetial Dispatch to The Star. Retail Trade. NEW ORLEANS, July 15—The re- tail sales of department and specialty | stores here have fallen far below the figures for the corresponding period of last year in the last week. The street car satrike is held responsible for this, | for it reduced to & minimum the num- ber of people who could visit stores. Cotton, ATLANTA —Several more weeks of hot, dry weather will be necessary if the cotton growers of the Boutheast are to cope succnsralw with the weev The large consumpfion of rayon is ex- pected to aid consumption of ton this year. raw cot- Steel. YOUNGSTOWN, Ohio.—Strip mills in the Youngsto district are op-| erating at full capacity, as are irfde- pendent tin plate mills. Orders from the canning factories, which are pre- paring for the annual canning season, are responsible for the good tin plate operations. Live Stock. tle here in 1920 was reached when Fred Stearns of Rensville, Minn,, sold 23 head at 815.85 a hundred. CHICAGO LIVE STOCK MARKET CHICAGO, July 15 (®) (United States Department of Agriculture).— Hogs—Recelpts, 52,000 head, including 23,000 direct; steady to 10 higher on hogs scaling under 220 pounds; heavier weight steady: top, 12.50, paid for choice 180 to 200 pounds; butchers, medium to choice, 250-300 pounds, 11.25a12.00; 200-250 pounds, 1.65a12.50; 160-200 unds, 11.85a12.50; 130-160 pounds, 11.25412.40; packing sows, 9.90a10.90; pigs, medium to choice, 90-130 pounds, 10.75212.00. Cattle—Receipts, 17.000 head; calves, receipts, 3,000 head; better grades, weighty steers, strong, top, 16.50; bet- ter trade on light yearlings, but very slow on in-between grade steers; slaugh- ter classes, steers, and choice, 1,300-1,500 pounds, 14.50 to 16.40; 1,100~ 1,300 pounds, 13.75 to 16.40; 950-1,100 pounds, 13.25 to 16.25; common and medium, 850 pounds up, 9.75 to 13.26; fed yearlings, good and choice, 750-950 pounds, 13.00 to 16.00; heifers, good and choice, 850 pounds down, 12.75 to 15.2: common and medium, 9.00 to 12.7: cows, good and choice, 875 to 12.00; common ‘and medium, 7.50 to 8.75; low cutter and cutter, 6.00 to 7.50; bulls, to choice (beef), 10.25 to 11.75; cutter to medium, 8.00 to 10.35; vealers (milk fed), good and choice, 14.00 to 17.00; medium, 12.50 to 14.00; cull and common, 8.00 to 12.50; stockers and feeder steers, good and choice, all weights, 12.25 to 16.50; common and medium, 9.50 to 12.25. Shhep—Reseipts, 15,000 head: early sales 25 cents lower; natives, 14.25 to mostly 14.50; top, 15.00;sheep steady; ewes, 5,50 to 6.75; feeding lambs quotable stea lambs, good and choice, 92 ul’lx!. down, 14.25 to 15.15; medium, 2.50 to 14.50; cull and common, 10.75 to 12.50; ewes, medium to choice, 150 pounds down, 550 to 6.75; cull and common, 2.50 to 5.50; feeder lambs, good and choice, 12.50 to 13.75. . RECORD PRICE FOR SEAT. NEW YORK, July 15 (P).—Arrange- ments were made today fer the sale of a New York Curb hchzgse seat at the new high price of $105,000, an increase of $22,000 over the sale, and of $8,000 over the previous mmtann. Names of the buyer and seller were not disclosed. Open Until 5:30 P.M. Today XTRA banking hours, to- day, to accommodate the many Payday depositors of otir thriving Savings Dept. {[It requires but a dollar to be- come a “Metropolitan” thrift worker, National Metropolitan Bank Oldest National Bank in District of Columbia 15th St., Opposite U. S. Treasury A Selected List of CONVERTIBLE BONDS We have prepared a bulletin containing a brief description of fourteen attractive convertible bonds, all of which are listed on the New York Stock Exchange or the New York Curb Exchange. A copy of this bulletin will be given or mailed to anyone upon feq\lfl( STEIN BROS. & BOYCE Established 1853 Woodward Building WASHINGTON, D. C. Main Office: Baltimore, Md. Members New York, Baltimore and Washington Stock Exchanges Associate Members New York Curb Exchange ST. PAUL.—The peak price for cat- || We Offer Every Financial Service Backed by more than thirty-nine years of experience in serving the people of Washington, we offer every phase of bank- ing and trust service. Savings Real Estate Commercial Degartments Trust Safe Deposit . Foreign Exchange /G STy 15th and Penna. Ave. Capital, $3,400,000 Surplus, $3,400,000 Five Convenient Banking Offices WASHINGTON'S LARGEST TRUST COMPANY PR ST Oter a Third of a Century Without a Loss MORTGAGES VERY LIBERAL RETURN WITH SAFETY You can rest perfectly sure that the money you invest in our 6% FIRST MORTGAGES Is beyond the reach of risk. The property value is far in ex- cess of the amount loaned. That makes the interest return all the more important. You can buy these mortgages in amounts from $250 up—and upon our Partial Payment Plan if you wish. B. F. SAUL CO. National 2100 925 15th St. N.W. um, 75; Liveland Raspberr inches up, 2.00; » 2%, inches up, 1.50. Eggplant—Supplies light; demand moderate, market steady; Norfolk sec- mostl; sgm; Monthly payments it | Holiday ‘desired coun! had & serious effect on coal oaRecioR . Flgures of the Mines Bu- | NoAm E4 8 % reau for coal production during the | Nor Stat week ending July 6, which included In- dependence day, show the extent of the | Pacific Gas & decline. They lolln|w: RN sl ;::.:::: ‘Week endings July FAbEli B by DIVIDENDS. Regular. Pe. Pay- te riod. able. 105% 100% Send for Booklet, “The Success Plan” REALESTATE MORTGAGE & GUARANTY |preceiing weck. 84r¢sos ton mas CORPORATION : Eiue Fat ! New Stock Issue. s s A % Por Ric Am Tob Capital Resources $ 3,400,000 NEW YORK, July ol:;.'l;h: New s Pul 3 ul N 24 JACKSON PLACE Bnal.lnd Service ; hor: ce. of one.:s e — of no par common Hidrs. of record, July 20 July 31 Heads Equipment Company. NEW YORK, July 15 (P—H. L. of Utilities Power & been made pres- Fenton Rt R i of | iy Postal RemingtonAs 6832, 8N Rem Rnd 6%s war. 18 g for each | Sinclale O11 88, THERE IS NO SUBSTIMUTE FOR SAFETY & RAG N o