Evening Star Newspaper, July 24, 1929, Page 12

12 seme T FINANCIAL. W.R. & E.COMMON BID FOR AT $830 Offer Is 100 Points Above Last One and Estab- lishes Record. BY EDWARD C. STONE. There was a financial sensation on the Washington Stock Exchange today when $850 per share was bid for Wash- ington Railway & Electric common, No seles were made, bu*. this was an advance of 100 points over the last bid price and hung up a new mark for all_time. The last sale on the local exchange in Railway & Elec- tric common stock was made at 575 quite a long time ago. The recent of - fer by the North American Co. of an exchange of Railway common for North Amer- ican stock was the reason given by local market observers for the sudden jump in the bids. ‘The North American Co. already holds by far the greater part of the outstanding common stock, and recently offered to take over the remainder on a basis of five North American shares for one share of Rallway common. This offer focussed attention on the local stock and even higner bids were pre- dicted by exchange members today. Washinzton Gas bonds led trading in the bond division during today’s ses- sion of the local exchange. The market opened with $2,000 Gas 5s selling at 101. Sales of $2.000, $1,000 and $1,000 Gas 6s. series B. were then recorded at 105%, $1,000 more of these bonds selling later at the same quotation. Gas 6s, series A, registered 101'; in $300, $700 and $6.000 transactions. ‘Trading in stocks was rather light. A single share of National Metropolitan Bank stock sold at 400. National Bank of Washington sold at 308. Potomac Electric Power 6 per cent preferred came out at 112, Federal-American Co. common moved at 467 and Merchants’ ‘Transfer & Storage common 117. Two hundred shares of Real Estate Mortgage & Guarantee preferred sold at 715, and 30 shares of Terminal Refrig- erating & Warehousing Corporation at 51. Mergenthaler Linotype figured in a tiny sale at 104% and Chevy Chase Dairy preferred in another little sale at 107, Chairman Drury Off to Europe. Peter A. Drury, chairman of the board of directors of the Merchants Bank & Trust Co., leaves Washington late today for New York, and sails to- morrow on the Tle de France for & two- month tour of Europe. Mr. Drury goes abroad nearly every Summer. It was in April of this year that he turned the presidency of the bank over to Rolfe E. Bolling. Since then he has taken life a bit easier, and devoted much more time to his important per- sonal business interests. Credit Men Seek Law Change. Lister T. Watts, president of the ‘Washington Association of Credit Men. at the association mesting yesterday at the Hotel Raleigh, announced appoint- ment of a special legislative commit- tee to make a thorough investigation ot the mechanic’s lien law for the District of Columbia and to suggest legislation for the protection of creditors who fur- nish labor and materials on building operations. William C. Hanson, vice president of the E. G. Shafer Co., and former presi- dent of the Washington Association of Credit Men, was chosen to head the committee. Other members are: Wal- ter E. Besser, Charles W. Clayton, James E. Collifiower, P. J. Eichhorn, Thomas A. Flynn, C. V. Griffin, R. M. Harper. Louis M. Hewlett, George W. Huguely, P. J. McMahon, G. H. Mark- ward, Lawrence Maus, H. H. McKee, John'A. Reilly, E. S. Bowzee, F. P. Sid- dons, Henry E. Stringer, W. J. Tastet, S. P. Thompson, Jay T. Ward and| Frank W. White. The study will be made as a result of vigorous protests from building ma- terial houses of the weakness of the present law. Bank President Going Abroad. Jultus I. Peyser. president of the Se- curity Savings & Commercial Bank, sails for Europe next Saturday on the Leviathan, accompanied by his family. By appointment of Col. McNutt, na- tional commander of the American Legion, he has been invited to be one of the 25 delegates to represent the Legion with the commander’s tour. The delegation will attend the formal open- ing of the new Legion home in Paris, at | which officials from all the allied na- tions will be present. The delegation will visit London, Brussels, The Hague, Interlakei, Rome, Venice, Budapest, Vienna, Munich and Belgrade. where they will attend the convention of the Federation Interalliee Des Anclens Combattants. American Ice Earnings Higher. Net earnings of American Ire Co. and subsidiaries for June, after interest, but before Federal taxes and depreciation, were $906,799. This compares with a net of $701,403 in June, 1928, a gain of over 29 per cent, and with $621,134 | in 1927, The company’s net for the first six months of the year, after interest, but before Federal taxes and depreciation. was $2,107.928, which compares with $1.607,582 for this period last year. a gain of over 31 per cent, and with $1.294,764 in 1927, Heard in Financial District. John B. Larner, president of the | Washington Loan & Trust Co., is hav- | ing a fine vacation at Miffintown, Pa. He will be in Washington for the nexf meeting of the bank's directors on August 7. Lawrence A. Slaughter, vice president of the Commercial National Bank, will spend the week end at Upper Saranac, N. Y. and return there the middle of August for his annual vacation. Robert J. Earnshaw. assistant cashier of the Washington Savings Bank, is passing his vacation with his family at_Cape May, N. J. Irving Zirpel, secretary of the Union Trust Co., is taking a month's vacation, part of which he will spend on a motor trip. John L. Newbold, president of the Merchants’ Transfer & Storage Co. and a director in the Pederal-American Na- tional Bank, has gone to Switzerland, where he will remain for an extended visit. Harry E. Mayer, a_director of the Bank of Commerce and Savings, is at Lake Champlain, where he will remain until October. : Leon Tobriner, general counsel of the Federal-American National Bank. with Harry King, a director of the same in- stitution, is spending a month at Mackinac. Other Financial Notes. Local bankers are receiving coples of ‘the address of Henry H. McKee on “A Bank's Secondary Reserve,” made at the annual convention of the District Bank- ers’ Association. Copies are being sent out by the association and also by the Federal Reserve Bank of Richmond. Alex Brown & Sons of Baltimore an- nounce that the issue of Sharp & . Dohme, Inc., shares of $3.50 cumulative convertible preference class A stock has been very heavily oversubscribed. United States June motor production, 545,252 cars and trucks, against 604,020 in preceding month and 396,796 in June, 1928; six months. 3,223,090, against 2,- 201,521 in like 1928 period. Peter A. Drury. —Prev. 1929~ Hirn 346% 125 284 11% 73 Low 38% Abitibl Power & Pap 79 84% 27% Adams Millis (2). 27 40% Advance Rumley pf. 1'% Ahumada Lead..... 95% Alr Reduction (3) 37% Air Wal E1 Ap(234). 4% Ajax Rubber. .. 4% A 12 27% Alleghany Corp. . 99%a Alleghany C pf (534) THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, JULY 24, 1929, FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Bates— Add 00. High. 14 45% 3 84 89 32 87 Stock ana Dividend Rate ADbitibl P& P pf (8 Adams Exp pf (5). '-1' 8 12 17 3 2 33 ka Juneau. .. 8 Albany P W Paper.. 5 .. 1427 15 Aa Rumley.. 100% Alleg’y pf rets(53%).0 27 241 120% Allied C& D pf (7). 166 13 50 52 1 Allied Ch & Dve (6). Alifs-Chalm Mf (7) Amal Leather. Amal Leather p 42% 221 Amerada Corp (2) 23% 10% Am Agricul Chem... 1487 20% 60% 106% 120 86% 136 119% 191 81% 157% 108 110 Am Bank Note (13). 14% Am Beet Sugar. .. 46 Am Beet Sugar pf. .. 40% Am Bosch Magneto.. 163 45 154 1073 92 114 70% Am Chain pf (7) 46% Am Chicle (2). . 4315 Am Com Alc (K1.60). % Am 82% Am European Sec. 75% 88 24'% 30% 64 a8 89 5215 Am Internat (12). 415 Am La F & Foamite. 102% 13 1471 113% 4 8114 981, Am Brake Shoe 2.40. 27 Am Brown Bov Elec. 35 Am Can (t4).. . 277 Am Car & Fdy (8 22 Am Car & F pf 1 1 17 6 5 . 184 .. 476 1 7 caust Til (2). Am & For Power Ain & For Pw 2d pt.. Am Hawafian (1)... Am Hide & Leaof. .. Am Home Prd (3.60) Am Ice (13) Cosit 3l Am ice pf (6) S 2 1 Am Locomoti Am Loco pf (7) Am Mch & Fdy (4) Am Metal (3)... Am Metal pf (6). . Am Plano. 5 Am Pow & L Dise Am Pow & Lt f (6). o 9 1 1 4 9 4 5 1 5 4 90 544 40 Am Rad&Std S(1%). 45;! 647 4% 417 7 124% 79% 85 943 1 60 3 2 186% 188 121% 156 148% 104 58% 16' 491, 140 623 124 » 0% 19514 Atch T & S Fe (10) 03 136% 115% Balto & Ohlo (6)... 1231a Balto & Ohio full pd. £91, 118 434 Am Republics. . - 134% 1067 Am Roll Mill (¢2)... 61 8214 Am Seating (3) 313 Am Ship & Com. 931y 56 65 714 104% 354 1 160 160% 115 136% 67% 97 39% 9 22% 99 43 19 i 4 2 Am Sm & Ref (4).... 85 Am Steel Fay (3).... 5 Am Stores (2)....... 1 Am Sugar Rfg (5)... 21 Am Sugar Rfg pf(7). Am Sumatra (3). Am Tel & Ca (5). Am Safety Raz (15). % 1931 Am Tel & Tel (9) Am Tobacco (8). Am Tobacco B (8). Am Tobacco pf (6) Am Type Fdry (8) . Am Water Wka (c1). Am Water W 18t(6). Am Woolen pf. Am Writ Paper ctf: Am Zine Ld&Sm. . Anaconda Copr (7) Anchor Cap 12.40) . 10214 Anchor Cap pf (6% ). 44% Andes Copper (3)... 20 Archer-Dan-M (2). 85% Armour Delpf (7)... 1050 Armour 111 (A). 5% Armour 111 (B). 5 71% Armour 11l pf (7) 190 Arnold Constable. ... 49% Asso Appl Ind (4). 43 Asso Dry G (2%) Atch T&SF pt (6)... Atl Coast Line (110). 3214 AtiG & W Indies 45% A11G & W L pf (4) 90 364 Barnsdall (32%).. 20 73 81 78 75% Best & Co (3) 5 8214 Rethiehem Steel (4). 628 23 116% Bethlehem St pf (7). 136% 110% Bohn Alum&Br(t4).. 7 8% 6 5813 Atl Refining (113%).. 11 Atlas Powder (4) Auburn Auto (i4). . 44313 20 1 59 i 63 51 2 Bang & Aroos (3%4). Barner Leather. .. Beacon Oil.......... Beech-Nut Pack (3).. 2 Beig N Ry pt pf (16). 3 Bendix Aviation (2). 656 10 8 Bon Ami A (15)... Booth Fisheries. . 10013 83% Borden Co (3) 143% 132 15% 107 86 Borg Warner (j4) Boston & Maine. ... Botany Con M (A)... 631 0% HBriggs Mfg.... 42% 67x 37% £ Briggs&Stratton(2). British Empire Steel 128% 114% Bristol Myers(1434). Bl 227 49 55% 425 50 85 545 329% 801 9% 41 4213 59% 170 2814 355 254 380 54% 46 234 543 4% 28 Brockway M T (3). Bklyn-Manhat (4). Bklyn Union Gas (§) Brown Shoe (234)... Bruns-Baik-Col(3) Bucyrus Erfe (1). Bucyrusev pf (2% Buff & Susque. Bullard Co (1.6 Burr Add Mch (15). Bush Term (g2).. Butte Copper & Zinc. Butterick Co. 1927 122% Byers (A M) 37% 33% By-Prod Cok 827% 3 185 617% 98%, 265% 238 2% 1% 123 365 78 218 228 3 308 105% 79% 931, 48% 53% 40% Cent Alloy S 160 28% 275 110% 19% 26% 43 667 237 63% 43 63% 97% 80% Chi&N W (4). 427 5604 14274 22 93 52 85% 30 88% 16% 195 8% 4 28 49 12% 38 27% 46'% 28% 48% 115 2) Calif Packing (4) “allahan Zinc & L Calumet & Ariz (10). Calumet & Hecla (4). Canada Dry G A (5). Canadian Pac (10).. Canadian Pac 1st pd. Cise (J 1) ctfs (6). ‘avanagh-Dobbs. ‘avanagh-D pf(6%). Celotex (3)...... Celotex pr (7)..... Cent Aguirre (2). (2). Cerro de Pasco (6). .. Certain-teed Prod Ches & Ohio (10). Chesapeake Corp (2) Chi & Alton Chi & Bast 111. Chi & East 11 pf Chi Great Western. Chi Great Westn pf. Chi Mil St P&Pac. . . Chi M1l St P&Pac pf. Chi Pneu Tool. Chi Pneu T pf ( Chi R [ & Pac (7). 108% 105% Chi R1& Pacpf (7). 50 4% 135 62% 27 2% 148% 50 2% 8% % 88% 6614 36 A4% 66 49 19 50 Chickasha COJl (3). Childs Co (2.40). . Chrysler Corp (3)... City Ice & F (3.60). . City Stores (1)... Cluett Peabody (b 120% Coca-Cola (4). 46% Coca Cola A (3). 47% Collins & Alkman. ... Colo Fuel & Iron 53% Columbia G&E (3).. 55% Couml Graph (281¢) 61 Col Gas&E f pd rets. 205% 121% Columb Carbon t4% . 62% 195 99 492 246 93 3% 923, 96% 30% 152 100% 6% 23% 1% %0 16% 100 82 100% 28% 36% 108% 824 125 1% -106% 116% 109 Crucible St 24% 11% Cuba Co 5 1% Cuba Cane Sugar. 5% Cuba Cane Sugar pf. 514 18% 17 6% 67% 49% Cudahy Packing (4). 113% Curtis Publish pf(7) 173% 135% Curtiss Aero (1).... 8% Cutler-Ham (3%)... 118 101% 43 Com Credit (2)...... 131% Com Inv Trust (14). 92 Com Inv Tr pf(6%).. 226% Com Solvents (h3). ., 107% Comnwealth Pwr t4. 59% Conde Nast Pub (2). 19% Congoleum-Nasrn. 69 66% Consol Cig: 25 Cong Cigars (16%). . 1) Consol Film In p 95% Consol Gas (3).. 96% Conso! Gas pf (5)... 2% Consol Textile 12 6 47% Contl Baking A. . 8% Contl Baking B. 88% Contl Baking pf 60 79 13 20% Contl Oll of Del. . 82 51 83 85 11 2 42% Crown Cork & Seal.. Container Corp A. Container Corp B. . 10 50 1 98 81 18% 95% 80% 98% 39 144 58 31 35 102% 41 60 12 88 18 68% 18 106% 2 112% 116 9 "3y 11 12% 6 4% 14 6 B3y 2 115 43 161 6 95 Contl Can (3%). Contl Insurance (2). Contl Motors (80c) . Corn Prod (13%). . Coty Inc (g2). Crosiey Radio Crucible Steel (5) 1 pt (1) " Cuban-Amer Sugar Cuban Dom Sugar. / Low. 276 263 87% Th 815 31 613 16% 46 40% 60% 93% 41% 55 139% 108 36 7L 71 57 19% b51% 144 47 .48 69% 90 63% 63% 186% 47% 169% 92 464 230 69% 23% % 65 25 148% 98 2% 16% 7% 83% 13 954 8% 95 14 30% 101% 59% 86% 67 103% 12 16 3% 12 14% 4 53 114% 158 Prev Close. Close. 454 83% 89 3% 35 53 1 175% 40% 5% Htw 18 h2% 17 117% 315% 120% 5% 50 30 12% 142 15 50 60% 57 31 162% 102% 115 85%% 643, 464 35 91% 1318, 96 254 a3 5 45% 94 76 4% 1294 11815 183 7 71 57 19% b52% 144 49% 49 714 91% 64% 64 189 48 178% 92 464 230 69% 23% % 6614 66l% 26 26% 148% 149% 98 98 2% 2% 15% 16% Th Th 83% B84% 13 13 5% 9% 8% 7% 95 96 14 4% 31 314 101% 101% 59% 60 87 86% 67 69% 103% 104% 112 112% 16 16% 8% 3% 12% 12% 4% 14% 4 4 53 53 114% 116% 158% 162 59% 52% 147 46% 49% 7% 90 64% 63% 187 48% 172% 93% 470 228% 69% 24% n —Prev 1020~ Hish. Low. 97% 69% 467 226 160% 331 10% 54% 126'% 47 92 14% 177 246, 102% 103'% 121 125% 64 10215 29 72% 9413 43% 4274 384 182 120% 224 8% 40 105 2% 4814 155% 11314 98% 168 56 126% 10% 4308 77 5 66'% 47 90 9214 311 64 57 656 441 5215 13% 0% 62 % 651n 88 57% 44 80% 3% Stock ana Dividena Cuyamel Fruit. 9% 9% h3% 33% 218 154 330% Davison Chem. . Debenhams (a1.59) Delaware & Hud (9). Del Lack & W (17). Detroit Edison (8).. Dome Mines (1) Dominion Strs(1.20) Drug Corpn (4). . Duluth S S& Atl.... Dunhill Inter (14). Du Pont de N(143). Dupont d N deb (6) .. Duquesne 1st pf (5). E- Fastman Kod (18).. Faton Axle &S (3). Elec Auto Lite (6). Electric Boat. Kl Pwr & Lt (1) Elec Stor Bat (5) .. Jmmerson-Brat A . Fndicott-Tohn (5). g Pub Serve ($1). & Pub Sve pf (5).. “ng Pub Sve pf(5%) Fquitable BIAg (2% ) FrieRR..... : arie R R 15t pf (4). e R R 2d pf (4) reka Vac €1 (4). Evans Auto L(1214). F- Fed Motor Tr (80c).. Fid Phen F Ins (2) .. First Nat Stores 1% . Fisk Rubber. 24 Flelschmann (1315).1213 Fleischmann ctfs. Follansbee (12% ) Foundation Co. Fox Film A (4)..... Freeport-Texas (4) 53% 33% 218 4 154 187% 1131 98% 1140 98% 196% 61% 162 10% 82 86 8% 10 196% 9 620 50 1660 22 A 161 13 888 36 8 Gabriel Snub A . mewell Co (5). iardner Motor. . Gen Am Tnk Car(14) Gen Asphalt........ Gen Eronz Gen Cable Gen Cable A (4). Gen Cigar (4). Gen Electric (16)... Gen Flec spec (60c). Gen Gas&FEl A (el%) 334 en Mills (3). - 82 en Milla pf (6). 1 en Motors (13.30)..1068 Gen Motors pf (7) Il Gan Outd Adv A (4) i Gen Gutd Ad vie (2). 27 Gen Public Sery(b§) 105 Gen Ry Signal (5) 26 Gen Refrac (t334)... 30 Gillette Safery R (5) 103 Gimbel Brothers 2 Glidden Co (11%) 39 Gobel (Adolf). Gold Dust (234). Goodrich BF (4). Goodyear Tire (6) Gotham Stk H (2%) Gould Coupler...... 2). 4 Granby Consol (7).. Grand Stores (1). Grand nfon. Grand Union i Granite City Stl (3) Grant W T (1 Grt North pf (5) Grt North pfet (5). Grt Nor Ore (al%).. Grt West Sug (2.80). Greene Can Cop (3). Gulf Sta Steel (4)... X 63 18 Hahn Dept Stor Hahn Dept S pf(6%) Hartman A Hartman B (1 Hayes Bdy (b39 Helme (G W) (17) Hershey Chocolate. . Hershey Choc pt (4). Hoe (R) &Co..... ¢ Holland Furn (6275 ). 5 Hudson & Man (233). 5 Inland Steel (3%)... 49 56 91 17% 20 24 12 20 69% 66% T% 19 20 24 30% 85 3% 2% 225 17 36% 2% 2K 0% s 3 Hollander & Son. ... Houd Hersh B (1%). Housend Fin of (3).. Household Prd (14). Houston Ol Howae Sound 2 24 56 44 Hudson Motor (5)... Hupp Motor (2).. 1 Illinols Central (7).. Independ Oil & G (2) 21 Indian Motor Cycle.. 6 Indian Refining..... 9f1 Indian Refining ct... Industrial Rayon 42 B A 18 13 14 1 . 1 25 738 5 620 70 6 48 175 2 1nspiration (4)...... Interboro Rap Tran. Intercontinental Rub Intl Agricultural. ... Intl Business M (5). Intl Cement (4)... intl Comb Eng (2) Iatl Cmb Eng pf (7). Intl Harvester (2%) Int Hydro El A (e2). Intl Liatch pf (3.20). Int A -r Marine etf; Intl Nickel Can (80c) Intl Paper pf (7).... Intl Pap & P A(2.40). Intl Pap & Pwr B Intl Pap & Pwr C Intl Pap & Pwr pf(7) Intl Print Ink (2%).. Intl Rys Cent Am. L Intl Tel & Telog (2). 669 Inter Dept St (2).... 17 Intertype (ft1l4).... 2 3 Island Creek Coal(4) 2 52 3. = Tewel Teanew (3).. 22 764 Johns-Manville (3).. 158 194% Jordan Motor Car. 4 % Kan City Sou (5) Kan City Sou pf (4).. Kaufmann DS (134) Kayser J & Co (5). 106 6514 29% 5% 116% 13 45% 16% 86% b2% 43 a5 bd% 48 865 3915 93% Kelvinator Corp. Kennecott (5). . . Kimberly Clrk(2%).. Kinney (G R) (1) Kolster Radio..... Kraft PhCh (1%). KresgeS S (1.60) Kress SH (1)... Kreuger & Tol(1.34). Kroger Gr&Bak(c1). T AR 2 33% 49 148% 33 13% 49% 98 23 51% 88% 88 55% 95 57 89% B4 6674 23% 91 1% 58% 149 100% 2 864 37% Yl Lago Oil & Trans. ... Lambert Co (8) y T.es Rubber & Tire, . Leh Port Cem (27§). Lehigh Valley (3%). Yehigh Vailey Coal Y.ohn & Fink (3)..... Liggett & My (15)... Liggett & My B (15). Lima Locomotive. . . Liq Carbonic (4% ). Loew’s Inc (2).. Loew's pf x w (6%). Loft Inc. Loose-Wi Lorillard (P) Co. Lorillard (P) pf (7).. Loufsiana Ofl. .... . LouG & ElA (1%).. Louis & Nash (7) 33% 147% 148% 1% 125 49 49 97 98 225 224 50 Ll 88% 88k 87% 8T% 55 55 93% 93% 56% 56% 897% 897 8% 81 66 66 23% 23% o1 91 1% 11% 55% bba 1481 149 99 99y 3 39% 98 43 70 52% Mac A & Forb(12.35) McCrory B (2)... 39% 98 43 69 52 62% 60% 60% 97 95% 96% 50 222 217% 218% 18 18 18 22% 21 21 23 23 23 38% 33% 33% 29% 204 29% 16% 15% 15% . 8 2 6% T4% T6% 80% 784 179 12% 12% 12% 63 6L 62 93% 89% 92% 23% 23% 23% 42% 4l% 41% 69% 66%° 661 29 28% 28% 25 25 25 38% 37% 38% 43 42 420 120% 117% 117% 82- 31% 32 3% 34 3% 2% 2% 2% 9 297% 296% 297% 2w 17 17 5 38 37% 374 3 46% 464 46% 39% 98 43 69 b2 McKes & Rbpf(3%). Mack Trucks (6). Macy (RH)&Co(ct: Madison Sq G (1%).. Mallinson & Co. . Mandel Bros (2%).. Man Elev mod (d5).. Man Shirt (2).... Maracaibo Oil Exp. . Market St Ry pr pf. Marlin-Rockw (14).. Marmon Motor (4).. Martin-Parry....... Mathieson Alk (e2), May Dept Strs (4). Maytag Co (12). . Maytag Co pf (3). Melville Shoe (1. Mongel Co.......... Metro Gold pf (1.39). Mexican Seaboard Miami Copper (4) Michigan St} (2%). Mid-Continent P (2). Middle States Oil, . Middle States Oil et Midiand St1 pf t10%. Miller Rubber. . Minn Moline Pwr MStP&EBSM. s o SBuBamernune ~Raaa Prev. . Low. Close. Close. 96 52% 615 967 219% 17% 22% 24% 3¢ 29% 15% 27 6% 8 121% 61% 93% 23% 42 68% 28% 24% 3% 415 120% 31 3% 2% 296% 17 38% 46% Stock and Dividend Rats 4 Mo Kan & Texas. ... Mo Kan & Tex pf(1). Missouri Pacific..... Missouri Pac pf (5).. Mohawk Carpet t2% . Mont Ward (2%) Moon Motors. Morrell J (3.60). Mother Lode (40¢c). Motion Picture Moto Meter Act..... Motor Products (17). Motor Wheel (2).... Mullins Mfg . Munsingwear (13%) Murray Corp (a3). Bales— 135 4 14 1 459 Nash Motors (8 Nat Acme (1%) Natl Air Trans, Natl Bella Hesa(11). Natl Bel Hes pf (7).. Natl Biscuft (16%).. Natl Biscuit pf (7) Natl Cash Reg (14).. Natl Dairy (+1%). Nati Dept Stores. . Natl Distillers. Natl Distlllers pf. Natliinameling (2) Natl Pwr& Lt (1)... Natl Radiator Natl Supply Natl Tea (1%).... Nevada Copper (3) Newport Co A (3) Newton Steel (3). N Y Air Brake (3). N Y Central (8) NYChi&StL( 69 20 40 26 2 NYNH&H (4). N YNH&Hpf (T) NYOnt&West..... N Y Raflways pf. 1 Norfolk South (2%). 1 Norfolk&Wstn(110). 12 North Am(b10%stk) 106 No Ger Liovd (3.41). 10 Northern Pac (5). 33 North Pac et (5). % O11 Well Supply Oliver Farm Equip. . Olive Fr Eq pf A(6). Olivr Fr Ep cv pt(3). Omnibus Corp. . Oppenheim Otis E| Otis Steel . Owens 111 Glass (4). P PacificGas & E (2)., 301 Pacific Lighting (3). 300 Pacific Ol stubs. . Packard Motor (15). Pan-Am Petroleum. Pan-Am Pete B. . Panhandle P& R. Paramount-F-L (3) Park & Tilford (13). % Park Utah (80c) . Pathe Exchange . Pathe KxchangeA. .. Patino Mines (3.89). Peerless Motor Car Penick & Ford Penn Dixie Cem ve Pennsylvania RE(4) People’s Gas Chi (8). Pere Marquette (18). Pet Milk (1%) Phelps Dodge (3). PhilaCo (17)....... Phila Co 6% pf (3).. Phila& Read C& 1., Phillips-Jones (3) 4 Philip Morris (1). Phillips Pete (1%4).. Phoenix Hoslery. Plerce-Arrow A .. ... Pierce Arrow pf (6). Pierce Oil Pierce Ofl pf. Pierce Petroleum. . » Pillsbury Flour (2) Pirelll Co A (2.39) Pittsburgh Coa Pittsburgh Coal pf. . Poor & Co (12).. . P Rican Am To (A)7 P Rican Am To (B) » Postal Tel & C pf(7). Postum Co (3) . Prairie Oil & Gas. Prairie Pipe L (14).. Pressed Steel Car... Prod & Refiner; Pub Sve NJ (2.60) Pub Sve NJ pf (6) Pub Sve NJ pt (8) Pub Sve K&G pf(§ Pullman Corp (4)... Punta Alegre Sugar. Pure O4l (1%). . 47 Purity Bakeries (3) 24 S — 42 12 1 il 183 50 Radlo Corp. . Radio pt B (5). <9 Radio-Keith-Orph A. 141 Reading (4)... 39 Reading 15t pf (2) 30 Real Silk Hoslery. 19 Reis (R) & Co. 1 Remington-Rand. ... 214 Reming-Rnd 18t (7). & Reo Motors (11.60).. 65 Rep Hrass Corp. Rep Iron & Stl (4) Reynolds Spring. Reynolds Tb B(2.40). Richfield Ofl (2) . Rio Grande Oil (k2). Rosaia Ins (2.20). Royal Bak Pwdr (1 Royal Dutch(a1.33 . Safeway Stores (3).. St Joseph Lead (13) St L St L Southwest; Savage Arms (2) Schulte Retail Stra, Scott Paper (31.40). Seaboard Air Line. .. Seaboard Air Linepf 2 Sears Roebck (32%4). 22 Seneca Copper-.. .. 7 Sharon Steel H (2).. 3 Shattuek F G (2) 14 Shell Union (1.40)... 18 Shubert Theater (5). 9 Simmons Co (3). 49 Simms Pet (1.60). 62 SinclairOil (123%4)... 150 Sinclair Oil pt (8). 3 Skelly Ofl (2) 24 Snider Packing. 2 Snider Packing pf... 15 So Porto R Sug 12%. 24 Southern Cal Ed (2). 313 44 21 25 2 1 15 Add 00. High. 63% 106 97% 144 70 126% 4 6% £ 52% 120% 48 46% 58% % 86% 38% 41% 45% 105 206 141% 125 80 28% 49 107% 4914 647 125 5 73 4% 637 107 4 2431 161 5 6 378 50 73% 1 132% 6214 91% 21'% 26t 14423 L1620 86 8% 3T 1 168% 6319 13214 107% 398 63 ~Prev. 1920~ Hirh. Low. 50% 35% Southern 150 124 Southern 160% 138 99 93 63% 50% 52% 34 68% 597% 43 35% 66% 45 55% 45 17% 77 43% 16% 140% 80% 67 62% 163% 87 104 64 62% 48 45% 38 9% 33% 4%k 25% 16% 77 Southern Spicer Mf, 5% Stand G & Stand Mil Stand 011 Stand Oil Stand 011 Stand Pla 13% 65 Submarin. Symingto 6 Tenn Cop Tex: Thatcher Thatcher 4% Tide Tide Wat Timken D Timken R Tob Prod Tob Prod Tobacco P Transcont Btock and Dividend R Southern Rwy (8). Spalding A G (1.60). Spang-Chalfant. . Sparks Withgtn ¢ Spencer Kelg(1.60).. Spicer Mfg... Bales— 1 38% 41 148% 30 157 96% 55 41 62 38% 146% 155 96% Dairies A.. Pacific (6). Ry pf(5) Z pf (3). Spiegel-Mav-St (3).. Stand Com Tob (1). . Stand Gas & El (3%) E pf (4) Hng (6). Calif (13 NJ(t2) NY( te Glas Sterling See (A). Sterling Sec pf 11.20. Stewart Warnr(334) Studebaker (15)..... e Boat. Sun Ol (g1). Superior Ot Superior Steel. ... i Sweets of Amer (1).. n A 4 Telautograph (1). &Ch (1) Corp (3) Tex Guif Sul (4). Texas & Pac (5)..... Texas P C& Cil (bs). 1 Texas Pac Land Tr Mg pf (3. Third Avenne....... Thompxon J R (3.60) ater Asso. ... As50 LI(6) Tide Water Oil pf(5) et Ax(80¢). oller (3)... 4 Tobacco Pr (1.40). ctfs(1.40). ctfs A 1.40. "r A (1.40). inental... Transue & W (1). Trico Prod (2% ). Twin City Rp T (4) bty 81a Union Oil 6 Union Bak & Paper Union Carbide(2.60). 239 Calif (2) Union Pacific (10) . Union Pacific pf (4). Union Tank Car(5).. 1% Utd Biscu 3 United Ca Utd Cigar Ttd Cgr S Utd Fruit VSCstl U S Distrl Forei JSInd A 1S Leath Smelt Smelt S Steel TS Steel e Wahash. Wabash p Warner B Warren B; " WessO & Westn Da Westn Da Westngh White Mo % Worthing! Worthing: 1% Zenith Rai RIGHTS Col Gas& Mont Wa Stand Gas 4 Utd Corp. 10:30 A M. 1:30 P.M. Dividend | eash payments iaration. tes as in stock. §Plus $3 Paid this year—no tock. d Paval 10% in stock. 3% in stock. in Pl P FornSec pf (7). Hoffman (4). Transcont Oil ris. .. Sales of Stocks on New ased on the latest quarterly or heil sUnit of trading less than 100 shares. +Partly extra. YRl 13 stoes Utd Aircraft&Trans. Utd Aircraft&T pf 3. it (1.60). rbon. . Stores(1). tore ctfa Utd Corporation. Utd Corp pf (3 Utd Electric Coal(3) (ety...... Utd Gas & Imp (1).. 1/td Gas & Imp pf(5) Utd Paperboard. .. 2 1 15 9 31 Petfs(2). buting. 2n Secur. 1co (6). er A (4) Realty (5) Rubber 15t p Ref (233). Ref pf 3% ). - 140 Pt (7). obacco (3) Univ Leaf Tob (3). Univ Pipe & Rad. ... Util PWr & LU A (e2) 127 Vadsco Sales. e Vadsco Sales pt (7). Vanadium (14). Vick Chemical (4) Vitginia-Car Chem. Virginia-Car 6% pf. fB.. Waldorf Systm (1% ) Walworth (1.20). ... Ward Baking B. ... . ros Fic (n) Warn Br P p£(2.20). Warner-Quinlan (2). ros (15) Warren Fdry & Pipe Wess Ofl & Snow(2). Snpf (4). Westvaco Chlor (2). iry A (4).. ity (B). Western Maryland. . Western Pa Western Pacif pf. Western Union (3).. c. Air Brk(2), Westngh EI&M (4 White Eagle Oil (2). tor (1).... White Sewing Mach. Wilcox Oil & Ga ‘Wilcox Rich(A)2% Wilcox Rich(B)cz. .. Willys-Over (c1.20) ton A. ton B Wright Aero (2).... Wrigley Wm (4) Yale & Towne (4 Yellow Truck & C. . Young Sp&W (12%). Young Sheet & T (b dio. EX) El..Aug 15 rd..Aug 26 51 rts Aug.31 343 . 313 -Aug 15 376 16,400 - 2,612,400 siven in the above table are in preterred stocl lar rate. ‘b Pava e 1 e ned, Plus 6% in in_stock. Prev Add 00. High. Low. Close. Clote. 39% 147% 156% 95% 53% 39 61% 384 52 45% 8% | 17% 139 641n 113 T0% 57 39% 5 324 15 1% 6% 2 3% 47% 13% 17 18% | 17% 61% | 52 207% 140 8Riy 76 5i% 81y 6t 925, 985 1215 424 4% 85 311y 42 168 60 691 4915 25% 48% 39 665, 220 52 202% ange. 1,674,400 2.950.200 the annuai yearly dec~ ©Plus 5% ePavable in cash or st kPlus 3% m l::::h HESIRI e Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., July 24—Pota- toes, 100 pounds, 75a1.25; new potatoes, barrel, 1.7524.50; sweet potatoes, bushel, 1.50a2.25; beets, 100, 2.00a2.50; beans, bushel, 1.50a1.65; cabbage, hamper, 1.00a1.25; carrots, 100, 3.00a4.00; cel- ary, crate, 4.00a5.00; cucumbers, hamper, 40a75; corn, dozen, 25a45; lettuce, crate, 1.0084 lima beans, hamper, 3.5024.50; onions, hamper, 1.00a1.25; , bushel, 3.25a3.50; peppers, hamper, 5a85; squash, hamper, 25a30; tom toes, hamper, 1.25a2.00; apples, bushel, 75a2.50; blackberries, quart, 15a20; cantaloupes, crate, 1.25a3.50; huckleber- ries, quart, 18a20; oranges, box, 2.00a 4.00; peaches, hamper, 50a75; water- melons, 15a50. Dairy Market. ‘Poultry, alive—Spring chickens, pound, 28a36; Leghorns, 25229; poor and thin, 21a22; old hens, 27a32; Leghorns, 27a 28; old roosters, 18a20; ducks, 20a28; guinea fowls, each, 50a1.00; pigeons, p‘:.’:‘—@ee ipts, 2,024 cases; mative eipts, 2. 3 and nearby, firsts, 33; current receipts, 31; small, 25. pae o Butter—Good fancy creamery, pound, 4lad44; ladles, 33a35; store packed, 29',a30; rolls, 31a32; process butter, 40a41. ‘Wheat—No. 2 red Winter garlicky, new, 1.35%;; July delivery, 1.35%; Au- gust delivery, 1.36; No. 3 garlicky, spot, 1.30%. Sales, bag lots nearby, new, 1.15a1.32; cargoes on grade, No. 2 red Winter, garlicky, 1.36; No. 3, 1.31; No. 4, 1.28; No. 5. 1.25. Corn—No. 2, export, July delivery, no quotations; No. 2 yellow 3 1.20a1.21; cob corn, old, 5.75a6.00. Oats—No. 2 white, domestic, spot, 60; No. 3 white, domestic, spot, 58. Rye—Nearby, 1.05a1.12. 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 mnearby 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 13.00216.00 per ton for timothy or clover " firaw—No. 1 wheat, 90081000 per ton; No. 1 oat, 9.50a10.50. Live Stock Market. Cattle—Receipts, 100 head; light sup- ply, market dull. Steers—Choice, 13.50 to 14.00; good, 12.75 to 13.75; medium, 1175 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, 25. Bulls—Choice .50; fair to good, 8.50 to 9.50; Common to medium, 7.00 to 8.00. Cows—Choice stable, 9.00 to 10.00; fair to good, 6.75 to 8.7 ‘medium, 5.00 to 7.50. Sheep and lambs—Receipts, 200 head: fair supply; market steady: sheep, 2.00 to0_6.50; lambs, 8.00 to 15.00. ‘Hogs—Receipts, 100 head: light sup- ly; market steady; lights, 13.10; Ecl , 12,50 to 13.00; medium, 13.10; roughs, 8.00 to 11.10; light pigs, 12.25; pigs, 13.00; Western hogs, 15 to 30 high- than quotations. o 100 head; fair sup- Calves—Receipts, ply, market steady; calves, 6.00 to 16.50. A Al | A A B B B G H bt Wall Street Briefs ‘By the Assoclated Press. United Stores Corporation, which is offering its_stock for that of Tobacco Products, United Cigar Stores and |¥: Union Tobacco, plans to give class A stockholders rights to buy 125,000 addi- tional shares at $20 a share when the merger plan is declared operative. Directors of Jones & Laughlin Steel 8t Switt'a London, pound. SHORT-TERM SECURITIES. (Reported by J. & W. Seligma 1lis Chalmers Co. 58 1937, luminum Co. of Amer. 5s mer. Rolling Mills 55 ‘1948, rmour & Co. of Del. 5as iddd altimore & Ohio 4%5s 1633 atayian C ell Tel. of Delaware & Hudson Ry.. Edison EL"1l. Boston 4%s Gen. Mot. Accep. Corp. General Pet. Corp. 5s_1940. Goodyear T: & R. 88 Grand Trunk of Canads s 1 7. 651934 1 195 ult Oil of Pa. 55 1937 mble Off 54s 1033 Internat. Match Corp. Siiiins Bet: o 31 D3 Pet. Co. 5745 18 Eure Oil Corp, hell Union Oil inclair Crude Oil Co. §%as. Standard Off N, Jersey 58 Short Line 45 1929, 5158 1937 Co. 55 19 Ir. Mt. & So. Ry. 4s Southwestern Ry, 4s 1 Co. b5 1932 nion Il Co. of Calif. nited Drug Co. 55 1953. ‘Western Electric_Co. 55 19 Wheeling Steel Cor 95 a8 97 18 91V, 03" 98 FOREIGN EXCHANGE. e 5 L 34 ota . Pechilini na. Budapest, pengo. Pragae, crown (nom. arsaw, zloty. . nhagen. crown' er lo. Stockholm, crown. (Quotations furnished by W. B. Hibbs & Co.) o Belling checks TREASURY CERTIFICATES. by J. & W. Sellzman & Co) 8id_ Offer STOCKS IRREGULAR INTIGHTER MONEY Boost. to 9 Per Cent in Call Rate Slows Down Bullish Drive. BY STANLEY W. PRENOSIL, Associated Press Pinancial Editor NEW YORK, July 24—Marking u@ of the call money rate from 7 to 8 per cent turned the course of stock prices irregular today after an opening out- burst of strength. Operations for the jadvance were not entirely abandoned, however, but were confined largely to | the public utility, raiiroad and commu- { nications issues, several of which reach- ed new high ground. |, The rise in call money took manv | traders by surprise, as it had been gen- | erally believed that the 7 per cent rate | would be maintained for the rest of the week. The stringency was attributed to heavy out-of-town withdrawals in anticipation of month-end disburse- ments, and also to a drawing down of \forelgn balances in the New York market Except for the closing of three New Jersey banks, most of the day’s business news continued favorable. Iron Age reported that “signs of a lef-up in the activity of the iron and steel indusiry are not lacking, but there is no indica- tion of a recession of customary Sum- | mer proportions.” The Iron Trade Re- | view ‘stated that pipe is supplying one 10f iis periodic impulses to the stecl market. Another flock of favorable | earnings reports made their appearance, Southern Pacific showing a gain of | nearly $4.700,000 in income for the firs, six months over the corresponding period last year. Opening Is Strong. The market encountered ronsiderable selling in spots during the last honr when call money was put up to 9 per | cent. United Siates Steel lost all of its 3ain and registered a fractional net loss, Otis Elevator dropped 18 points and the | alr stocks were under pressure, Wright, Curtiss and United losing three or fo points. American Telephone continued strong. however, extending its gain ‘o more than eight points. The close was irregular, Heavy buying orders came into the market overnight and opening prices displayed a strong undertone. Eaton Axle advanced 2 points and R. H. Macy 2 to a new high record. Initial gans of a point or so were recorded by American Telephone, International Tel- ephone, Anaconda 'Copper, American | Can, General Electric, Atchicon and Baltimore & Ohio. Bethlehem Steel advanced to new high ground. | Further short-covering developed in the motor shares as a result of the publication of half-yearly statements by the General Motors, Chrysler and ! Pierce-Arrow corporations. Early gains of 1 to 2!, points were registered by Chrysler. Nash, Marmon. Hupp and { Pierce-Arrow. Motor accessories rallied |in sympathy with Murray and Borg Warner, the early leaders in that group. | Pools’ continued their aggressive bid- | ding operations in a wide assortment |of issues. New high records were es- ' tablished in the first hour of trading by | Alleghany Corporaton, Bendix Avia- [tion, General Asphalt, International Harvester, Inland Steel.. Pacific Light- ing and Worthington Pump. | Formation of a huge new investment trust. by the Goldman Sachs and Cen- {tral States Electric interests stimulated Jthe buying of public_utility shares ! American & Foreign Power. Interna- | tional Telephone, Consolidated Gas and Engineers’ Public Service were among the early leaders. Steel Group. Steel shares continued to discount unusually favorable half-yearly earn- | ings statements by the Bethlehem and | United States Steel Corporations with- {in_the mext few days. i There were a few soft spots. United | Aireraft, Johns Manville and Crown Cork yielded a point or two in the early trading ] Foreign _exchanges opened steady, | with sterling cables unchanged at 14.85%. London cables reported a further drain on England's gold by | France, which is believed to be trans- {ferring’ part of its balances in New | York by selling dollars in London and | shipping gold to Paris. Passenger air service between Vera Cruz. Mexico. and Tapachula, near the | Guatemalan border, has just been in- Offers advantages to the Investor in addition to Substantial Profits 52% net earnings so far this year Write for Booklet Marlow Beech Corp. | 1732Conn. Ave. Potomac 6167 Investment Service GrLLeT & CO. BANKERS INVESTMENT BUILDING ‘WASHINGTON. D.C. Telephone, National 2460 Real Estate Loans We Invite Applications for FIRST TRUST LOANS on Improved Property IN NEAEBY MONTGOMERY CO. AND THE DISTRICT OF COLUMBIA Periods of 3. 5 or 10 Years ROSSEMHELPS Founded 1907 Tean Correspendent Jehn Hameoek Mutual Life Insuramee Co. 1417 K 8, National 9200