Evening Star Newspaper, July 23, 1929, Page 11

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, ENTERPRISE SERIAL BUILDING ASSOCIATION Tth St. & La. Ave. N.W. 62nd Issue of Stock Now Open for Subscription Money Loaned to Members on Easy Monthly Payments James B, Connelly President " Robert R. Bennett Investments Metropolitan Bank ‘Bldg. f 2 yea THE IDEAL INVESTMENT Standard Collateral Trusteed Common Stock Shares A_TRUSTEED OWNER- SHIP in 100 leading Ameriean Corporations. It will be te your interest to investigate. Standard Collateral Shares Corp. Franklin 3783. rd Bldg. Mlck\lbln, Goodrich & Co. Bankers Established 1899 Members NEW YORK STOCK EXCHANGE BALTIMORE STOCK EXCHANGE Private wires and telephones to principal markets, 'VESTMENT BUILDING 15th & K Sts. National 8373 & LOANS Let 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. CoMmprLETE FINANCING Ist & 2d TRUST MONEY On homes, apartment buildings and business properties. No appreisal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. 24 Jackson Place Main 1403 Continental Trust Co.}! 14th and H Streets Washington, D. C. | phone 4155 were comparatively quiet, | of Florida agricultural condition: | more | economic marketing of Florida products {and of $60.000.000 in borrowings from | roads in May established a record for CONVERTIBLE BOND High-Grade Mortgage Market Dull—U. S. Issues Fol- low Trend. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, July 23.—There was | much wavering of prices today in the market for convertible bonds. They had periods of weakness and spells of strength and moved as much as 1!, and 2 points between transactions. The vol- ume of trading increased slightly. American I. G. Chemical 525 had a further decline of 3 points to 121, com- pared with 135 yesterday, before they rallied 4 points. Missouri Pacific 5!2s opened 3!, points lower. Atchison 4'2s made an early gain of over a point and later rose 3 points. The two Tele- but higher by one to 2 points. Alle- ghany Corporation 5s and American In- ternational 5!5s each reacted fraction- ally, with some recovery later. The local traction issues made a poor showing, appearing to be suffering from a small, but steady, volume of liquida- tion. Traction bonds outside New York have also been heavy recently. The high-grade mortgage market was dull, with a few strong issues, includ- ing Atchison 4s, Canadian Pacific 4s, Great Northern 7s and San Antonio & Aransas Pass 4s, which rose more than a point. Chicago & Eastern Illi- nois refunding 5s gained & point, as did Seaboard Air Line adjustments, but Frisco & Rock Island 4!3s were down and Seaboard Air Line 6s lost a point. In the industrial group list Interna- tional Paper 6s went below 90 after the recent bidding-up process to 95 in order to sell the Canadian paper_issue. The practice is one that syndicates continually resort to and from which they invariably get the same unfavora- ble reaction. United States Government issues were irregular, with weakness in the Liberty group and some gains in the Treasury issues. Fol n bonds showed no posi- tive tendenc: Board Turns to Flondu, Yesterday's session of Federal Farm Board was devoted to a consideration Rep- resentatives of the Florida Citrus Ex- change and Florida United Growers, Inc., co-operative associations, con- ferred with members of the board. It is understood that the board is concerned with effective and than with the present fruit fly emerg- ency. It was intimated at the offices of the board that Florida co-operatives are asking a loan, and it is understood that the board is seriously considering such | a step. Reserve Board s Repnrt The Federal Reserve Board's condi- tion statement of weekly Teporting member banks in 101 leading cities on July 17 shows decreases for the week of $25.000.000 in loans and investments | Federal Reserve Banks and an increase | of $49,000.000 in net demand d(‘pu‘h» RECORD }'REIGHT TRAFHC NEW YORK, July 23 (#).—The vol- ume of freight traffic on class one rail- | that month, the Bureau of Railway Eco- nomics reports. The total was 42,027,- 470,000 net ton miles, exceeding by 4.5 per cent the previous May record, estab- lished in 1927. The increase over May, 1928, was 7 per cent. 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 | | Washington Stock Exchange SALES, Capital Traction Co.—10 at 9513, 5 at | 9515, 2 at 9515, Potomac Electric 67 { Potomac Electric 5'»7 pfd.—5 at 10812 2 at 108'%, 2 at 1081, | Washington Rwy. & Elec. pfd.—10 at 98, | Riges Natl. Bank—10 at 572, 10 at 572. Columbia Sand & Gravel ptd—5 at 87! | Federal-American Co. pfd.—20 at 1011, | Natl. Mtge. & Inv. pfd—40 at 435. AFTER CALL. Real Estme Mtge. & Guar. pfd.—50 R)gg: Nntl Bank—15 at 572. Washington Rwy. & Elec. 45—$2,000 pfd—1 at 11115, chltnf-i' Drug Stores pfd.—10 at 1223;. Bid and Asked P BONDS. PUBLIC UTILITY. Amer. Tel. Amer, Tel LISTIS IRREGULAR( [ox rew vone BONDSmocx excaance] | EGETABLE SUPPLY Received by Private Wire Direct to The S UNIT!D STATES. l e Close b 3%s... 9 972 Lib1st4%s 10 995 Lib 4th 4%s 105 99 US3%s43. 2 974 US3¥%ser, 22 974 US4s1944. 1 10320 10320 10320 US+e%sss. 16 10720 10716 10720 FOREIGN. Bales. High. Low. Close. 13 99% 99% 99% 14 99% 99% 99% Argentine May ‘61, 6 99% 99% 99% Arnntln-bh- 62, 6 9% 94% 94% . 12 99% 99% 99% 5 99% 99k 99% Australia 4%856... 6 B6a 86% B86% Australia 65 1956... 16 95 95 95 Australia 68 19| 20 94% 9% 9% Austria 7s. Colomba 68 JAn Con Pow Japan 7 Denmark 6%, "65. Denmark 6s Flat 7s x war .4 Greek 651968, Hungary 7%s. Norway 65 1943. Norway 6s 1944.... Norway 6143 1953.. Orient Dev 5%8 '57. % Peru 6s 1960... Peru 6s wu. Rhinelbe Un 7. RhineWst EP 6: Saxon (PW. Seine 78 42. Serbs Cr Slav 7 Serbs Crot Slo 83. o o w ERSan - —teeo P= 1= 1% Fmwmaml Fukenwo - oy 100 MISCELLANEOUS. 1112y 1121 Abram&Straus 6% Ajax Rubber 8s. 81 801n Alleghany Cp 58 ‘44466 115% 108's Alleghany 55 '49 wi452 111 10815 Am Chem b%3 cv'49385 1254 121 ‘49 Am Int Cor 5% Ah Smit & R 131 Am Sugar Ref Am T&T cv 4 3% AmT&Tecl tr P! Colon Oil 6838 Col G&EI 53 Ma Com Invest Con Coal Md 18t,68.. ConGas N Y 5%s.., Cuban Am Sug Cuba Cane 88 Denver Gas 68 East Cuba Sug 7%s Fisk Ruhber.8s.. .. Gen Asphait 6s 36.. Gen Cable 5%s'47.. Gen Mot Ae Cor 68. a4 113% 112 14 100% 100 5 103% 103 12 102'5 103 106% 98% 104° 6 1731 89t 88% 73 101% 103% 1045 100 102 104 bl 2037 171% 165 944 | 3% | 98 & 100% 100% 97 | Erie conv 4s B..... Lenigh Valcn4s... 4 LehiVgen 415 2003 1 Lehigh Val 532003, 1 Louis&Nash uni 3 Louts & Nash 53 B. 1 5 ;i 1 ! 2 Minn & StL ref ¢s.. 13 M St P&SSMcn4s.. | MStP&SSM5s38gtd 11 3 3 Mo Facific gen 4s... 25 Wll'nrlh 63 4| Warner Sug 78 39.. Wi Wiison & Co YoungstnS& T bs. lB 100 RAILROAD. Ann Arbor 4: At&SF cvt 43 Atcnison ag; Atlantic C L 18t 4s. AtlantisC L el 4 Atlantic C L 4%s 64 lg B&OPLEWY Brookiyn Elev 6% Bklyn Un El Bush Term con Can Nat 438 30. Can Nat 448 67, Canad Pac deb Can Pac 4%s 4 Clnt 0fGa5sC Ches & O Corpn bs. Chnes & O cv 4% CB&Qllldivds.. Chi& 111 gn 63 61, Chi Gt West 48 69.. CM&StPgn8y... ChiM&SIP4 15 Chi M&SIP 4%s E. 11 ChiMiSP&Pachslb. 13 CMSP&Pacad)5s03. 209 Chi NW 4148 2037.. 9 Chi Rys 6 4 ChiR1l& ChiRI& Pac 4% Chi Union Sta 5s. Chi Union Sta bs Chi Union Sta 6%s CCC & St L 58 D Clev Term bs. Colo & Sou 4 ConnRy&L4 s sta, Cuva KR bs.. Cuba R R 7348, Cuba Nor 6% s cts. . Del & Hud 6%3.... Del & Hud 75 30... Den&KioG 4%s 36. . =3 3 P e Erie 1st cons Erieconvds A. Erie Gen 43 Erlecv 55’67 Erie conv ext Fla Kast C 68 7 Gr Trunk stdb Grand Trunk Gt Nor 414876 D... Grt Northn 4%s E.. = ™ BT TL I STOT S PO R PR PP~ PR - - Pt G Green B & W deb B. Hocking Val 4%s.. » Ll Cent 4% 3 66 Int Kapid ‘Tran b3, . Int Rap T 6s stpd. Int Rapld Tran 6; Int Kap Trans Int&GiNor adj Kansas City S 3s... Kansas City 8 6s, Kan City Term 4 Lake Shore 45 31 " Mo Pac 53 A 65 Mo Fac 58 F 77 Mo Pacific 53 G '78. Mo Pac 53%s 49 evt Mob & Ohio 48 7. Mont Trm ref 5s 41. Nassau El 4s 51.... N ¥ Cen gen 3%s.. N ¥ Cent deb 43, NYCrfim 4% NYCentrfbs, N Y Cent deb NY C&StL 4%8C.e NYChi&StL 6%sA. NYChi&StL 6w B. NYC&StL6sA.., NYNH&H1% NY NH&H cvdb N YOntW listds State Ry 4% StateRy 6%s sz NY Su 37 Nor Pac 38 2047, No-tnern Pacr i 6s Ogden&Lake Ch 43, Ule Snort L rig 4 Ore Short L 6a gtd.. Pennsyl con 4% Pennsyl gen ¢ Penna RR 4 10i% 1034 56 98 s | bertas, » | stock ranged from 35 to 45 cents. \1 | as_yesterday's quotations. 15 PLENTIFUL HERE Dealers at D. C. Market Re- port Reasonable Prices for Fresh Stocks. Largely increased receipts of home- grown vegetables was an interesting fea- ture of the day’s market. Tomatoes, much higher than usual the past few days, came in such large quantities this morning that prices took an appreciable drop. grly in the morning 2-peck baskets of the vegetable were offered at prices as high as $1.75. Early in the day, however, prices started decreasing and at noon baskets of the best stock were freely offered as low as $1. Dealers predicted that prices probably would go much lower before the close of the day's market and that tomorrow they may be offered as low as 50 cents. Receipts Are Varied. Choice cucumbers from nearby farms were offered as low as $1 a basket, while sugar corn, fresh from the fields, brought around 60 cents a dozen, grow- ers selling them in 5-dozen lots at $3. Other vegetables from nearby farms included potatoes, squash, kale, beets, turnips, carrots and Spring onions. Po- tatoes, mostly from the Eastern Shore of Virginia, sold at $4.75 and $5 a bar- rel, and dealers said they were of ex- ceptionally fine quality. ‘There were few lima beans from nearby, but most of the receipts were from North Carolina and distant Virginia points. They sold from $3 to $4.50 a bushel. Dealers also had plentiful supplies of string beans, peas | and lettuce, mostly from distant points. | Bartlett pears, first of the season, were offered at $5.25 a box, while Malaga grapes, also first of the season, brought $3.25 a box. Both fruits were from California. Heavy shipments of peaches from the South, chiefly North Carolina, were | offered at & wide range of prices this morning. Some of the fruit, off color and showing signs of being wormy, was difficuly to sell at $1 & basket. Choice fruit brought as high as $4. Cheaper prices of Spring chickens, sligntly higher prices of eggs and! cheaper prices of marine products were lincluded in the day's market reports. Spring chickens, alive, were offered at | prices ranging from 30 to 32 cents for Lhe small chiekens to 35 and 36 cents for the large ones. Prices of dressed | Butter prices continued without | change, and meat prices were the same Buying was + only fairly brisk this morning. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 43a4. | tub, 42a43; store packed, 28a: Hennery, 35a36; fr-lh selected, 35a36; current receipts, 31a32. Poultry, alive—Turkeys, hens, 35; toms, 33; Spring chickens, large, 35a36; medium, 33; small, 30a32; Leghorns, 28a30; fowls, 32a33; roosters, 22; ducks, | 15; keats, young, 60a65: oid. 35a40. ssed—Turkeys, 38a40; Spring chick- e, 42a45; medium, 37a38; small, Leghorns, 35a36; fowls. 36a37; -;ooslem, 26; ducks, 28a30; keats, 90a 00. Meats, fresh killed—Beef, 241;; veal, 23; lamb, 28a30; pork loins, 34; fresh hams, 30a32; fresh shoulders, 2: smoked hams, 30; smoked shoulders, 22;+bacon, 26a28; lard in bulk, 15; in packages, 16. Live stock—Calves, 15'4; lambs, 1275, Fruit and Vegetable Review. The daily market report on fruits and vegetables (compiled by the Market News Service, Bureau of Agricultural Economics) says: Cantaloupes — Sup?“u moderate, California, Imperial Valley and Arizon: demand moderate. market firm: jumbos, 36s and 45s, salmon tints, 3.50a4.00; mostly 3.75; standards, 36s and 45s, 3.00a3.25; North Carolina, demand mod- erate, market clightly anker Ridgeway section, standarus, 36s and 45s, salmon 3.00; few higher: few and condition, 1.50a 12.50: other sections, poor to ordinary quality, standards, 45s, salmon tints, 1.00a1.50. Miscellaneous melons—Sup-: plies moderate; demand moderate, mar- ket about steady: lifornia, Imperial Valley, standard crates, Honeydews, 85 to 12s, 1.50a1.75; jumbos, 36s and 45s, honey balls, 3.50a4.00; standards, 45s, honey balls, 3.00a3.50; jumbo flats, 12s | and 11s, 1.50; ponys 54s, honey balls, | mostly around 2.50. Lettuce—Supplies moderate; demand moderate, mnrktc steady; California, crates, Iceberg . 4-5 dozen, good qulllty and comfl 4.0004.25; mostly ; ‘Washington, crates. Iceberg_ type, 4 5 'dozen, fine qualty and condition, 4.75a5.00; mcstly 4.75; New York, dozen trltgn Big Boston type, fair qual- ity and condition, 50a75. Onions—Supplies light: demand mod- erate, market steady, Virginia, bushel hampers, yellows, No. 1. 1.50a1.75. Peaches—Supplies liberal; demand moderate, market about steady; North and South Carolina, bushel baskets, El- unclassified, medium to large size, best, 2.00a2.50; fair quality, 1.50; poorer low as 75; Georgia, sixes, El- bertas, unclassified, fair quality and condition, small to medium size, 1.50a 1.75; South Carolina, sixes, Belles, fair Tllllty pale_color, 1.00; North Caro- lina, sixes, Hileys, Belles, medium to large size, fine ‘quality and condition, 3.50; North Carolina and Virginia, TUESDAY, JULY 23, 1929. | quotations; No. 2 yellow domestic, spot, . Commodity Notes Special Dispatch to The Star. Packing ‘House Products. CHICAOO July 23.—Demand for meat cuts n_somewhat draggy of iate “mf. to warm weather in most sections of the country. This has tended toward easiness in prices. Fresh pork has felt the slowing up in particulsr, while dressed beef is suffering because of the high prices. Lumber. PORTLAND —Two hundred and eight mills of West Coast Lumbermen’s Association re] rkd orders exceedec production by r cent in the week ending July 'his pl unfilled orders of '124 4!2 684 bolrd feet. ventories are very low. Steel PITTSBURGH.—There is practically full operation of open hearth and Bessemer capacity in this section. The time for a Summer steel slump is now regarded many as over and no slump is in sight. Some consumers are reported as anxious to contract for their requirements up to the end of the year instead of by quarters. Retail Sales. NEW ORLEANS.—Retail sales hlve been reduced by the street car men's strike here by between 15 to 20 per cent under the levels obtaining before the strike. Cars did not run for 14 days and even now are mnot heavily patronized, although protected. Fruit. SAN FRANCISCO.—Following the recent advance in prices for old prunes, growers are holding out gen- erally for higher offers than are being made for the new crop. Buyers have been offering up to 7 cents, but doing little buying, as both buyers and grow- ers seem doubtful as to how the market $100,000,000 INVESTMENT TRUST TO BE ORGANIZED | By the Associated Press. NEW YORK, July 23.—Organization of a $100,000,000 utility and industrial investment trust, sponsored by Goldman Sachs Trading Corporation and Central States Electric Corporation, was report- ed under way today in Wall Street. The company would bring together the Goldman Sachs banking interests and the North American group of public utilities. Central States Electric, a util- ity investment company, is the largest common stockholder in North American Co. in addition to holdlnll in other large public utility s] Harrison iams, identified with sev- eral of the utility companies in which North American Co. is interested, will be one of the chief executives of the new trust, it was reported. —— g PARIS BOURSE PRICES. PARIS, July 23 (#).—Prices improved on the Bourse today. Three per cent rentes, 75 francs 25 centimes; 5 per cent loan, 102 francs 85l; centimes. The dollar was quoted at 25 francs 51% centimes. FINANCIAL. #5817 Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Mutual Benefit Life Ins. Co. ml K Street National 0475 Consull Us First ou need money for eal Estate financing let nis have your application today. Prompt Service No Appraisal Fee yonr The Commercial National Company EaRoeiisl, aon.coe Paid wp Cash C: Commercial, | Hazards Are Numerous will develop. Wheat. Y OKLAHOMA CITY .—Reports, reach- ing here indicate that there is danger of considerable wheat spoilage in the Oklahoma and Texas Panhandles be- cause of lack of storage room, taken by the oil crop and demanded suddenly because of the widespread use of the combine which puts the grain on the market earlier than usual. One ele- vator is reported to have 125,000 husheh piled on the ground. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., July 23.—Poultry, alive—Spring chickens, pound, 30a33; Leghorns, 23a30; poor and thin, 21a22; old hens, 30a33; Leghorns, 26a29; old roosters, 18a20: ducks. 20a28; guinea fowls, each, 50a1.00: pigeons, pair, 25. Eggs—Receipts, 602 cases; native and | nearby, firsts, 33; current receipts, 31; small. 25. Butter—Good to fancy creamery, | pound, 41a44; ladles, 32a33; store pack- | ed, 29229! olls, 31a32; process butter, | 40a41. ; Hay and Grain Markets. | ‘Wheat—No. 2 red Winter garlicky, | new, ; July delivery, 1.3714; Au- | gust delivery, 1.373,. No. 3 garlicky, spot, 1.3235. bag lots nearby, new, 1.00a1.20; cargoes on_ grade, No. 2 red Winter, 1.3 No. 3, 1.33!4; No. 4, - No. 5, 1.27'4. Corn—No. 2 export, July delivery, no | 1.20; cob corn, old, 5.75a6.00. Oats—No. 2 white, domestic, spot, 60; | No. 3 white, domestic, spot, 5 it is more than enough for demand, which is being supplied mostly by trucks from nearby points, a few carloads be- ing received. There is not enough busi- ness 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, ton; No. 1 oat, 9.50a10.50. Live Stock Market. Cattle—Receipts, 75 head: light sup- | ply, market steady. Steers—Choice, |3,50 to 14.00; good. 12.75 to 13.75; medium, 11.75 to 12.25; common, 9.50 to 11.00. Heifers—Choice, 11.75 to 12.25; good, 10.25 to 10.75: medium, 8.50 to 9.50; common, 7.55 to 8.25. Bulls —Choice stable, 9.50 to 10.50; fair to good, 8.50 to 9.50; common to medium. 1.00 to 8.00. Cows—Choice stable, 9.00 to0 10.00; fair to good, 6.75 to 8.75; com- | mon to medium, 5.00 to 7.50. Sheep and lambs—Receipts, 200 head, light supply; market steady; sheep, 2.00 to 6.50; lambs, 8.00 to 15.00. Hogs—Receipts, 150 head: light sup- ply; market lower; lights, 13.10; heavies, 12.50 to 13.00; medium, 13.1 rouzha 800 to 11.10; light pigs, 12.25; pigs, 13.00; Western hogs, 15 to !0 hliher than_quotations. Calves—Receipts, 25 head: light sup- ply, market steady; calves, 6.00 to 16.50. Vegetable Prices. Potatoes, 100 pounds, 75a1.25; new potatoes, barrel, 1.75a5.00; sweet pota- toes, bushel, 1.50a2.25; beets, 100, 1.75a 2.25; beans, bushel, 1.50a1.65; cabbage, hamper, 1.00a1.10; carrots, 100, 3.00a 4.00; celery, crate, 4.00a5.00; cucumbers, hamper, 50a85; corn, dozen, 20a40; | lettuce, crate, 1.00a4.00; lima beans, hamper, 3.0024.00; onions, hamper, 1.00 a1.25; peas, bushel, 3.00a4.00; peppers, hamper, 1.00a1.25; squash, hamper, 35a 40: tomatoes, hamper, 1.50a2.75; apples, 9.00a10.00 per | bushel, 75a2.50: blackberries, quart, 18a20; cantaloupes, crate. 1.25a3. 56 huckleberries, quart, 18a20; orange: box, 2.00a4.00; peaches, lumpor, osno watermelons, 15a50. Capital & Surplus $3.500,000.00 1 See to it that your affairs are in order before your Summer sojourn is begun— Make Your WILL. T And in choosing an Execu- tor or Trustee, give due weight to the advantages of a_corporate fiduciary—spe- cialized service, resporisibil- ity, perpetual existence. Talk it over with our Trust Ofcer National Savmgs & Trust Co The Oldest Savings Institution in the District of Columbia 63r Year F. B. KEECH Cor. 15th and New York Ave. & COMPANY We maintain complete departments and private wires for the execution of ordersin COTTON GRAIN COFFEE SUGAR RUBBER H CORNER 17TH ST., N. W., WASHINGTON NEW PILADELPEIA YORK rroviDENCE 2moOKLYN Members of New York Cotton Exchange New Orleans"Cotton Exchange Liverpool Cotton Exchange, Ltd. (Assoc. Members) Bremen Cotton Exchange (Assoc Members) Winnipeg Grain Exchas N. Y. Coffee & Sugar Exchange, Inc. Chicago Board of Trade ‘Rubber Exchange of New York, Inc., New York Stock Exchange New York Curb Market Washington Stock Exchange Chicago Stock Exchange MERICAN Capital, $3,400,000 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. Degartments I Savings Trust I Real Estate Safe Deposit Commercial Foreign Exchange 15th and Penna. Ave. SECURIT Surplus, $3,400,000 - 9 B Goodrich 6 bushel baskets, Carmans, good qualit; s > o it B Bham - Vanbit Hatel 6tad 0 Goodyear b5 eetes s 25 and_condition, medium size. 1.75a3 00 et Five Convenient Banking Offices Safe Deposit Boxes Enectrut Farme. g:.uy #laal 1l 108 Hos & Co 64 9 mat e ey small sie, 1 SoaLs. Receives Steel Pipe Order. e (umble O1) 51 3 toes—Su| les moderaf lemand 1 RO R b 8 Rumble O & R 1 5 moderate, l:..{:’ sbout steady; cloth- | | NEW YORK, July 23 ¢b—he Re- || WASHINGTON'S LARGEST TRUST COMPANY | Wasn' Marker Cold Storase stave . Continental Trust Co.J Wit ¥rrcuessie s ] Inland 811 %0 73, 45 P North Caroling. 4 sonn ex 8 No L | Srder for 200 miles of 6-inch electric { STOCKS. R T TS StLIM&S R&G 4s. 4 Y8 92% 92y | Virginia, mostly 4.75; E. S. Virginia, | ¥elded steel pipe from the Southwest- 14th and H Streets | sl Iotae AT IaRes . 3t SRRt i L e e . 7 Y % o WADE H. COOPER, President | American Tel. & Telsa.. {nier Papergn. .. L e StL&SFprinbs. 2100 100 100 |mand moderate. market s weer. | = Capital Traction Ci 5 9: Int Tel&Tele l\fil b . ightly . Ak e e : I8t TOAT, “‘ 437 W St1.s Wconds3z,. 5 9% 95% 954 er; trucked-in stock supplying the mar- Capital, $1,000,000.00 | Nortolk & \Vnm ‘Stennb 00, 308 el&Tel 4343 cv 437 167 SanA&AruPds.. 15 884 881, sgy |ket; nearby Maryland, 1;-bushel ham- . | Estome ‘piec” ' "o1d W o [Kanciyp Lbs.. 66 102 Seaboard AL dasta. 45 61 64% 64 | pers. 51.25; mostly 1.00a1.25, First Mortgage Loans | . k anG & oo MEUI0UN Seub A L ref 1L 621 B2y te ‘mod - E %8 90 | Kendallsis4s war o 91 SeabAL ad) 68 1945, 22 46 sbm o m:vnlu :xnn:ilgrmn:.s:nl:prlkl:: -u-;rluaeg:- T fisies on [n kit NATIONAL BANK. Laciede G o448 1 1021 Seab A Licon 6s.... xS 67% 66% 66t | gia, 'murmond Grays, und J. LEO KOLB YOUR FINANCIAL {l:hlonhll Capital. 200 | Lautaro Nitrate 6s. €7 lsflw. gn:u i’llnn S5A. 31 60 9% 59'4 | average, 85; 8. cnrolma. 22-poundlver- 923 N. Y. Ave. : 0 ou Pac'clt 48 23 85 ¥7n 875 |age, ordinary quality and conditi Aiisid an 107 Soukac4ksrcia.. 20 924 Si% Y| pound oteaae ot “.’{flfit‘;" 4h ADVISER WILL iz e Sou ny g aneor G S s | Chiltlon, 0. APPROVE e 3 veen 2 g bean: upplies moderate; de- y s 88 Sou Ry Con 6 : mand moderate, market steady. meashy MOflgage Loans L ' B Mo |LoWsvGamsssi. 3 loms Sou 1y 634 e T ; . = - Natlonal Baiik of Washington.. 301 318 MAnscBUR AL I%hia. 3 o0 ol less, mostly around 2.0, —of your investment in our s/\ TRUST COMPANY. Mid . o Corn—Supplies liberai; demand mod- vale Steel 5 36 w8 TexArk 'S 6%s ™ i -2y | Unconditionally § |american securits & Trust Co.. 431 65 | Mont Pow 68 43,20 4 10214 Tex & ba oo Sllgiuy weskors eardy : GUARANTEED MR S | Mo EeBerdariat 1 i R Marviand and Virginia, S-dosen bags, || 812 17th St. - Met. 4100 . 6% FIRST MORTGAGES i at Dair; ¥ 7 e 2 53 5 p B et | ‘ggl:-:rr‘su I ToiraAveadin. l 2 cme gad To | earrecou U T domend e TrE— : ; ai e B ol s 50 % 87% 8% t ive i State -and Cm_mty BAVINGS BANK. o N ‘ Edicon 6% res AT ToITr Lar swes0. 5 oo ”;: :9% a,(;gl:m w!:elo%unu ms, me- Security salesmen ! Our conservative appraise- Tax Exemption [ |commerees Savinga "1l a3y . e Unton Pac 1st 48 Peas—Supplies liberal; demand mod- Over a Third ment of the property which Every 6% First Trust s : To sell the stock of Investment of a 9 i i secures them takes out every Note purchased from this 3 o9% Trust - with strong local direc- strong com) lny rofits by Washington Mechanics'. 35 phones, fine quality and condition, Ope: entur: S isk — ¥ the 41g nd state N IRE AR Nor States Pow 63. 1 106 et Tork R el it ranoriady baying 7% Century element” of risk—and there’s and eonnoy s Catien. American m Bacifc Gas & £16s. 5 S et Stiutialicar iy iavercades Laaie Without a never a day's delay in the pay- Why not get the facts oty 3 3 e | COAL OUTPUT. intere: ighly attractive National® Union. . 24 IT. nt of the generous interest. :;::‘o‘(h 'i..'.}éu.f.:z which TITLE INSURANCE. S § POTATO MARKET. By the Associated Press. Loss e g s interest, carries n' dm::»el p:‘alei.yl g:\:{mgll: Titte. 12 1 CHICAGO, July 23 (#).—United States l{tumln‘o\é:deo;; m&t‘gutuf&r Q.heB latest uarantee for principal an i 6 o week recor es Bureau y - Taterest. ke Sultaran. oM R 5 Department of Agriculture—Potatoes—| J00% S ibstantially in excess of similar May be purchased in amounts Mm,_u“ou, Recelpts, 56 cars; on track, 319 cars; | gutput for eomp-nhu previous penodl Descriptive Booklet Gratis S total United States ahipments, 506 cars: S Tk e, Gomas i otk from $250 up. 1), sk SimalatnOT trading fair, market steady; Kansas and Week ending July 13, unooo ‘tons. “ Sinclatr 011 Preceding week, 7,414,000 tons. 213 14 | Sineiair o 201 | Missouri, sacked, Irish Cobblers, 1.80a| Sicoe weey jost weer last year, 8,610,000, R 9& 2.20; mostly 2.00a2.05; ‘East Shore Vir- E % Rt 15 | im el fril Opobies, 14Y mise) gL RETIRE DEBENTURES. First Mortgages B. F. SAUL ( :O % 128 2! .00, . | NEW YORK, July 23 (#).—Directors h L7 101!- T 106% 1 of the Pierce-Arrow Motor Car Co. have For Sale . z Ty Crenthales, Linotvs 0% ‘351.'; Tohiiebty 11 1044 104 NEW YORK, July 23 (F).—May net | voted to retire on September 1 the out- National 2100 925 15th St. N.W. Broples. Bnu Stores pid. 123, 135, | Transconli O1l 6%s 3 98% 98% os\lcmflnl income”of 182 cl nfll mndmltnll% ee;:lold dzbm‘ wmmn n.t;; Bl ekorage. g | e nagasit . 3 Sk m,m?v'c Sver May, 1938 wm Total | our ot Bank batances. Retitement of |l JAMES F. SHEA Rat tn 4 ,55‘: for the. s ‘of 1939 was | the bonds will leave the ‘with 643 Louisiana Ave. N.W. THERE IS NO SUBSTITUTE . FOR SAFETY fivé months 1, 000 issue of first ,mou. .;zu“‘“w'-" lml.n"mum