Evening Star Newspaper, July 27, 1929, Page 10

10 = FINANCIAL. THE EVENING STAR. WASHINGTON. D. C., SATURDAY, JULY 27, 1929. FINANCI AL. GASEARNINGS FF N JONE REPORT First Half Year Shows Gain of $87,292 Over Same Period in 1928. BY EDWARD C. STONE. Reports filed with the Public Utilities | Commission show that the net mccme‘ of the Washington Gas Light Co. in June was $63,714.85 in comparison with net profits in June last year of $70.- 47548, a decrease of $6,760.63. The showing for the first half year. however, is highly satisfactory, the total net income being $578,544.51, in_comparison with $491,251 67 for the first half of 1928, or an increase in earnings of $87.- 20284, Net earnings in May are expected to run well ahead of those for June, largely on account of the cooler weather. This year there was a striking difference, the June total being far uncer the previous month, which reported a net income of { $122,397.03. Net income of the Georgetown Gas Light Co. for the month of June was $10,473.09, an increase of $1,633.46 over 1928, and that for the year to $88.851.15 is an increase of $21.- the first six months a A. A. Hoehling, Ju date, 184.64 above year ago. Bank Official on Vacation. A. A. Hoehling, vice president and | director of the National Metropolitan Bank, is spending his annual vacation at Marthas Vineyard. off the Massa- chusetts Coast. Judge Hoehling holds the distinction of being one of the first trust officers in the United States, having held such a position at the Metropolitan just after the Government granted trust powers to national banks. He later served as judge in the District of Columbia courts. returning to the bank as vice president some two or three years ago. Institute Turns to Athletics. H. F. Kimball of the American Se- curity & Trust Co. has been named chairman of the athletic committee of the local chapter of the American Insti- tute of Banking. The other members are: Arthur Doying, Washington Loan & Trust Co.; J. E. McGeary, W. B. Hibbs & Co.: G. H. Morris, Riggs National; T. E. Norris, Mount Vernon Savings: J. D. Yerkes, Federal-American National. Mr. Kimball announces the golf tournament of the chapter August 20- | 22, on the Potomac Park municipal links. Prizes will be offered for the three best scores and a team will be chosen for a contest with that of Balti- more Chapter. The audit committee will consist of John M. DeMarco, chairman. Seventh Street Savings Bank: R. A. Sisson, Washington Savings Bank, and G. A. Keene, Second National Bank. North American Dividends. At a meeting of the board of directors of the North American Co.. quarterly dividends were declared, payable on October 1, 1929, to respective stock- holders of record at the close of busi- ness on September 5. On the preferred stock 17, per cent, payable in cash at the rate of 75 cents for each share so held, and on the common stock 2%z per cent payable in common stock and- or scrip at the rate of one-fortieth of a share for each share so held. Morris Plan Bankers to Meet. The tenth annual convention of the Morris Plan Bankers' Association will be held September 23, 24 and 25 at ‘White Sulphur Springs, W. Va,, it has been announced by Philip Woollcott, vice president of the Morris Plan Bank of Virginia. The convention will cele- brate the twentieth anniversary of the founding of the Morris Plan system of banking at Norfolk. This original bank now has been absorbed by the main Virginia bank in Richmond. Shenandoah Stock Offered. Goldman, Sachs & Co. are offering 1,000,000 shares of optional 6 per cent convertible preference stock of Shen- andoah Corporation at $50 per share and accrued (cash) dividend and 1, 000,000 shares of common stock at $17.50 per share. The certificate of incorporation provides that the holders 118 346% 284 1% 420 23% 3% 62 34% 169 106 12 55 47% 931y 1387x 10815 4z 5% 4By 9% 191 1345 124% 206 186'% 188 138% 27 49 111t 140 70% 260% 103" 209 678 777 115 405 43 50 27115 138 88k 49 32 17% 847n 104% 96 124% 136% 100% 1448 63 42% 128% 737 817 92% 227 55% a4 425 s 1927 3% 82% 3 135 617% 485 9% 53% 160 29 275 110% 25% 23 63% 43 63% 7% 44% 142% 102% of preference stock are entitled to re- celve cumulative dividends in common stock of the company at the quarterly rate of one-thirty-second of a share of | 1487, 120% Coca-Cola (4). common stock per share of preference stock, or at the option of such holders they are to receive cash at the cumu- lative quarterly rate of 75 cents per share. The preference stock is con- vertible into common stock at the rate of one and one-half shares of common stock for each share of preference stock. The preference stock and the common stock each has one vote per #hare. Heard in Financial District. The council of administration of the District of Columbia Bankers’ Associa: tion considered routine matters at its regular mesting yesterday afternoon. Wilmer J. Waller, president, presided. Richard E. Harris, assistant treas- urer, central branch of the American Security & Trust Co. has left for a motor trip through Virginia and Long Island. Attractive leather bill folders of di- mensions suitable to the new small sized paper currency are being issued by the National Metropolitan Bank to its_patrons. The over-the-counter market on Second Southern Bankers Securities Corporation capital stock has advanced to 56%;, as compared with a low of 50 several weeks ago. W. W. Spaid, partner in W. B. Hibbs & Co., has returned from several days’ outing at Atlantic City. Willlam Knowles Cooper, director in the Federal-American National Bank, is spending a month's vacation at Wil- liams College, Williamstown, Mass. ‘Washington cleared $26,504,000 this week, against $31,045000 last week, but an increase of 13.7 per cent over the corresponding week last year. President Wilmer J. Waller of the District Bankers’ Association has been elected honorary vice president of the Stable Money iation, of which Frederic A. Delano is president. ‘The Monthly Bulletin of the Dis- trict Association will appear Monday. DEPOSITS GAIN. Maryland Banks Report Half Year Advance of $8,994,289. BALTIMORE, July 27.—Bank de- posits in Maryland increased $8.994.289 in the first six months of this year, according to George” W. Page, State bank examiner, The assets of banks and trust com- panies in Maryland have reached $491,577,189.97. Fourteen mutual savings barks in Maryland showed total assets of $214,- 156,344 on June 29, according to the State bank commissioner. This repre- sented an increase since December 31 of $4,515440. Deposits of the savings banks rose $2,185,003. POULTRY PRICES. CHICAGO, July 21 (#).—Poultry. alive, weaker; receipts, 4 cars; fowls, 271,° Sorings. 31 brollers. 27; Toosters. 21"3: furkeys. 20a30; ducks, 18a20; geese, 15; Spring geese, 2L, &, - 72% 2% 8% 94% 8 66 62% 195 99 492 0% 96% 162 100% 6% 234 104 20 15% 28% 35% 108% 8214 125 1% 106% 18% 24% 17 6T7% 97% 694 7% 847 10% 54% 126% 92 202 19 207% 6% 174 8474 109% 120% 4 376 1% 413 Ajax Rubber. 4% Alaska Juneau. 12 Albany P W Paper.. 278% Alleghany Corp 241 Allied Ch & Dye (6) 166 Allis-Chalm Mf (7) 5 Amal Leather. . 22'3 Amerada Corp (2)... 10% Am Agricul Chem. .. 40% Am Bosch Magneto. . 45 Am Brake Shoe 2.40. 15% Am Brown Bov Elec. 107% Am Can (14)... 92 Am Car & Fdy (6) 114 AmCar&F pf (7).. 4315 Am Com Alc (k1.60). 23% Am Encaust Til (2).. 82% Am European Sec... 75% Am & For Power. ... 104 Am & For Pw pf (7). 244 Am Hawatian (1)... 64 Am Home Prd (3.60) 38 AmIce (13).. 5215 Am Internat (32). 147% Am Mch & Fdy (4).. 50 Am Metal (3). 4 AmPiano..... 81 Am Pow & Lt (1 79 Am P&L pf A st (5 98% Am Pow & Lt pf (6). 40'a Am Rad&Std S(1%). 43 Am Republics. ... 106's Am Roll Mill (e2)... 931, Am Sm & Ref (4).... 79's Am Snuff (12) Am Snuff (n)..... Am Steel Fdy (3). Am Stores (2).. 71's Am Sugar Rfg (5) 104% Am Sugar RIg pf(7). 3514 Am Sumatra (3).. 1931 Am Tel & Tel (9). 160 Am Tobacco (8) 160' Am Tobacco B (8) 67% Am Water Wks (c1). 16! Am Woolen. ... g 1 4 102% 1017% 101%; 100%; | 128% 1114 116 114 146 | 1224 3 45% 45% 48% 46 39% 1 33 33 3 34% 4“ 5 91 90% 91 ‘90 5'% 256 131'% 128% 129 132% 9 1 105's 105's 105% 105% 2 35 35 35 36W| 6% 75 ki3 % To% | 116 457% 4b% 45% 4Bk | 27 28 6% T Tl T6% | 68% 179% 179 179% 181 105% 628 62 62 62| 107 1 A AN A% 4 106 1521 150% 151% 153% | 31%4 81 81 81 814 61 100% 99% 100% 100 23% aTh 461 47w 48 | 52% 43 48 43n| 50% . Stock ana Sales— Prev. | ~Prev. 1929 Stock and Bales— Low. Dividend Rate. Add 00. High. Low. Close. Closs. | High. Low. Dividend Rate. Add 00, Hieh. 3814 Abitibl Power & Pap 10 457 45 45l 44% Gen Mills (3). . 74 84% Adams Exp pf (5). 1 89 89 89 89 Gen Millspf (6)..... 1 94 27% Adams Millis (2). 1| 31 31 3L % Gen Motors (13.30).. 106 69% 27 Advance Rumley. 6 33 32 32 38 Gen Motors pf (7)... 3 124 40% Advance Rumley pf. 4 50 50 50 50%| 41 27)% GenOutd Advte (2). 7 33% 1% Ahumada Lead. 7 1 1 % Gen Public Serv (bl 15 70 9514 Alr Reduction (3) 4 Gen Ry Signal (5)... 16 115% Gen Refrac (t13%)... Gillette Safety R (5) Gimbel Brothers. Glidden Co (11%). Gobel (Adolf). Gold Dust (214). Geodrich BF (4) 8 Goodyear Tire (5)... 11 119 Goodyear 1stpf (T)y. 1 101% Gotham Silk H (2%4) 4 40 Graham-Pai 81 27% Grand Unfon. 3 274 Granite City S 2 524 Grant WT (1). 6129 101 Grt North pt (5). 12 120 100 Grt North pt et (5 4 1164 26% GrtNor Ore (a1%4).. 39 304 324 Grt West Sug (2.80). 4 374 2% Guantanamo Sugar.. 1 4% 554 Gulf Sta Steel (4) 5 33% Hahn Dept Stor 95% Hahn Dept 8 pf(6%) 1 96% 23% HartmanA (2)...... 1 2 28 Hauyes Bdy (b8%stk) 3 3 64 Hershey Chocolate.. 11 10315 80 Hershey Choc pf (4). 16 105% 104 Hershey Chprpf(6). 1 105 15 Hoe (R) & Co. . n 347 Holland Furn (e2%), 9 135 Hollander & Son..... 4 375 Houd Hersh B (1%). 12 49% Househd Finpf (3).. 6 56 Howe Sound (143%).. 1 Hudson Manh pf(5). 38 Hudson Motor (5)... 17 Hupp Motor (£2). 84 Independ Ol & G (2). 17 Indian Motor Cycle., 1 Indian Refining. 87 Indian Refining ct... 41 4 Inland Steel (3%). 4 Inspiration (4).. . 5 Interboro Rap Tran.. Intercontinental Rub Intl Agricultur: 22 Am Zinc Ld&Sm Intl Agri pr pf (7). 90% Am Zinc Ld&Sm " Intl Business M (5 99 Anaconda Copr (7).. 105 113% 2 2 1 Intl Comb Eng (2) 43 Anchor Cap (2.40) 9 520 5lla 52 52U | 121 99 IatlCmb Eng pf (7).. 44% Andes Copper (3)... 147 501 50 504 50%| 127 92 Intl Barvester (23%). 11 20 Archer-Dan-M (2) 2 29% 20% 29% 20%| 145 139 Intl Harvpf(D..... 8 10% Armour Il (A)...... 15 11 108 10% 104 | 5413 474 Int Hydro ElA (e2). 17 5% ArmourIll (B)...... 18 64 64 64 6 7 714 ArmourIlpf (T).es 3 73 T3 73 AW 11 19ta Arnold Constabl 4204 206 204 21| T2 22 211 Artloom (2).. 1 22 22 22 21| 35% 25 IntiPAp&PA(2.40). 4 43 AssoDry G (23%).... 19 50% 50 50 514 | 24is 14% IntiPap&PwrB.... 2 195% Atch T &S Fe (10)... 40 251 245% 245% 248 | 17% 10% Intl Pap& PwrC.. 3 99 Atch T&SF pf (6)... 2 101 100% 100% 101 | 93 80 IntlPap&Pwrpf(7) 6 169 Atl Coast Line (110). 3 197 197 205 | 63 48% IntlPrint Ink (2%).. 2 3214 A11G & W Indies 57 57 b7%| 113% 78 Intl Tel& Teleg (2).. 159 5315 Atl Refining (114 ). 65t 65% 67 | 9312 644 Inter Dept St (2).... 90 Atlas Powder (4). 4 1021 1021 102% 10213 | 69 49% Island Creek Coal(4) 2 50% 221 Auburn Auto (j4) ‘ 385 385 3874 J—— 364 Autosales pf (3) 1 3914 39% 40 | 242% 15215 Johns-Manvilie (3).. 18 185 424 Auto-Strop Raz 1 421c 424 42%| 16 6 JordanMotorCar.... 3 7 210 Baldwin Loco (7).... bl 251 248% 250% 248% | 108% 78 Kan City Sou (5).... bl 104 115t Balto & Ohlo (6)..... 85 135% 1321 133%7s 134% | 701 63t Kan City Sou pf (4).. 34 65 64, Bang & Aroos (34).. 12 86 B3% 86 85| 58l3 bl KayserJ&Co (5)... 2 51% 36 Barnsdall (32%). 7 38 37Tla 38 37%| 138 94is Keith-Albee-Opf (1) 1 114 20 BeaconOil..... 63 29% 27w 294 28%| 24 11 Kelly-Spring Tir 10 128 11 Belding-Heminway.. 8 11 11 11 11%| 19% 12 Kelvinator Corp..... 11 154 81 Belg NRyptpf (16). 1 821 821 82 824 | 104% 77% Kennecott (5). . 62 85% 78 Bendix Aviation (2). 350 101 98 100% 98% | 52t 4bW Kimberly Crk(2%).. b 51% 7T5% Best& CO (3).-.... o4 93 91% 9l 92 | 4aa 2T Kinney (GR) (1).... 4 42% 82t Bethlehem Steel (6). 341 125% 121% 123 123%| 78% 25l Kolster Radio....... § 32% 1101 Bohn Alum&Br(t4).. 1 122 122 122 123 | Bl 32% KraftPhCh (i%)... 7 52 #31x Borden Co (3) 10 931 934 93% 94%| 57 44l KresgeSS (1.60).... 6 47% 85 Boston & Main, . 2 140% 140 140% 140% | 23 12% Kresge Dept Stores.. 3 16 304 Briges Mfg. 36 324 31% 32 Kress S H (1). .3 B6W 3715 Briggs&Stratton(2) 2w 384 38l Kreuger & Tol(1.34). 628 43% 114% Bristol Myers(t414 2 1248 124 124 Kroger Gr&Bak(cl). 26 89 423 Brockway MT (3)... 40 42%a 40% 41% 59% Bklyn-Manhat (4) 1 601 6012 60 Lambert Co (8). 83 Bklyn-Man pf (6) 1 811, 8115 8lia Leh Port Cem (234).. 7 49 170 Bkiyn Union Gas (5). 2 216 216 216 Lenigh Valley (3%). 2 93 35% Bruns-Balk-Col(3)..+ 2 35% 341 34% Lehigh Valley Coal.. 20 24 18 BrunsTer&RyS... 19 23l 221, 23 Lehn & Fink (3)..... 2 50% 25% Bucyrus Erie (1). 5 30% 30 30% Liq Carbonic (14%). 2 92 38% Bucyruscvpf (2%). 24 4la 41 41 Loew'sInc (2)...... 11 57% 54% Buff & Susqu 4 68 68 68 Loewspfxw (6%5). 1 93 46 Builard Co ( 1 50% 50 50 61 95 BurnsBros A (8). 1100 100 100 54% Bush Term (g2).. 1 68 58 58 4% ButteCopper &Zinc. 3 4% 4% 4% 122% Byers (A M).. . 5135 134 136 32% By-Prod Coke (13)... 6 34 33 33 Louts & Nash (1) 7214 Calif Packing (4)... 6 794 78% 78% Ludlum Steel (2) 1% CallahanZinc&L... 6 1% 1% 1% Ludlum St pt (6 123 - Calumet& Ariz (10). 6128 1273 127% 36% Calumet & Hecla(4). 72 41% 403 41% Mae A & Forb(12.85 78 CanadaDryGA (5). 8 90 89% 90 it L AU 218 Canadian Pac (10)... 15 2 2 e FUT P (4). 35 Cannon Mills (2.80. 2 3515 35l McKesson & Rob (2). 52 Celotex (3) 2 54 53 53k Mack Trucks (6).... 40% CantAllo; il g: .;17,« 51% 51% Macy (RH)&Co(c18) . 88% Cerro de Pasco (6).. 3l 93 93 o s 16% Certain-teed Prod... 18 20% 291 29 b 195 Ches & Ohio (10).... 8 2581 2554 2651 78% Chesapeake Corp (3) 27 8413 834 837 6% Chi& Alton pf...... 12 8k 8% 8% 128 Chi Great Western 4 164 164 16 Marlin-Rockw (14).+ 38 ChiGreat Westnpf.. 4 45k 4415 4d% Marmon Motor (4) 27% Chi Mil St P&Pac... 25 39% 38% 39l « Mathieson Alk (e2)., 461 Chi Mil St P&Pac pf. 87 60} 58% 59 May Dept Strs (4)+.. 80% Chi& N W (4) 32 931 92 924 Maytag Co (12).. 28% Chi Pneu Tool. T 43u 424 42% Maytag Co pf (3). ... 115 ChiRI&Pac (7).... 15 135% 134% 134% Melville Shoe (1.40). 98% Chi RI&Pacpf (6). 3 997y 99% 99% Mengel Co. EREL 36 ChickashaCOil(3).. 18 37 37 37 Mo 3 : 44% Childs Co (2.40). 1 691 69% 69% Michigan Stl (2%) Chrysler Corp (3 154 2% Tln 72 Mid-Continent P (2 F @ 7 87 57 67 Middle States Of1 1) 5 19% 19% 19% Miller Rubber. . 45% Cluett Peabody 62 46% 43 434 Minn Moline pt 6%.. 8 1467 14% 1463 Mo Kan & Texa 4 47% Collins & Alkman.... 5 48 48 48 Mo Kan & Tex pf(7)~ 56 ColoFuel&lron.... 3 6% 67% 67 Missouri Pacific. ... . 53% Columbla G&E (2).. 127 91% 89% 90% 91y Missouri Pac pt (5. 554 Couml Graph (29.1c) 106 667 665% 65% 67%| 801 60% Mohawk Carpet 2% . 63% ColGraphfpdrcts.. 12 64 64 64 66 | 156% 99 Mont Ward (2%).... 43 Com Credit (2). 45% 45% 4T%| 8 3% Moon Motors........ 131% Com Inv Trust (t4).. 6S 178 173% 178 1724 | 80% 72ia MorrellJ (3.60). ...« 92 ComInvTrpf(6%4).. 2 94 94 94 94 6% 3 Mother Lode (40€). . 225% Com Solvents (h8) 455 458 467 | 271, ' 27% Motor Moeter G & E. 19% Congoleum-Nairn. 23% 28% 23%| 51 39 Motor Wheel (2).. g::; gon:oll 2""{.‘,”“ 1:2:% lz:' 1:2“ 61% 50% Munsingwear (13%4). ‘onsol Gas (3).. % 146% | 100% 62 3). 9615 Consol Gas pf (5). 98 98 98 gl 214 Consol Textile.... 2% 2% o o 12 Container Corp A. gew -aeic w21 SRLEINEAIMOTEEe £8) 6 Container Corp B. % T T%| 48, 35 Natl Air Trans.. 47% Contl Baking A. 9% 9% 80%| 71 oy Natl Bella He: 5 8it ContiiBaking B 12% 12% 12%| 2164, 166% Natl Blscuit (16%).. E8LL Contl BAKINE vl 95 95 95 | 1485 96 NatlCash Reg (14). 59% Cont'l Bank of N. 60 60 59%| 35 621 NatlDairy (£13)... 60 Contl Can (2%) 6% 75% T8 37% 28% Natl Dept Stores. ... 79 Contl Insurance 935 93/ 95%| 53" 33 Natl Distill i 13 Contl Motors (80c).. 13 14 14 14% 14%| 1091 6734 Natl Distillers pf(7). b ot e g 624 43 NatiEnameling (2).. 82 Caranro (13%). 173 182 Natl Lead (5)....... 51 Coty Inc (£2)....... 8 | "66% 42 Natl Pwr& Lt (1)... 83 Crosley Radio (11).. 6 85 85 85 85 | 17 @i Natl Radiator. : 424 CrownCork &Seal.. 13 654 65% 65% 654 144 1115 Natl Supply (18),..o 85 Crucible Steel (5)... 4 104 104 104 104 39% Nevada Copper (1) C: . 22 2% 2 2% 2%| 76 43 NewportCo A (3). 5% CubaCaneSugarpf.. 30 8% 7 7 9 | 113 93 Newton Steel (3) 11% CubaCo............ 1 16% 15% 16% 16 | 495 4115 N Y Air Brake (3 11 Cuban-Amer Sugar.. 19 14 13% 13% 14 | 945 17815 N Y Central (8) 49% Cudahy Packing (4). 4 b2 51% b1% 51 | Jea 1081 NYCh&StL 63 CuyamelFruit...... 1 97 97 97 97%| 109y 100 N Y Chi& St L pf. 58% 40 N Y Dock. 42% Davison Chem 524 53 b4 | 115% 80% NYNH&H (4) Del; 214 214 212 | 125 114% NYNH&HpL (D.. 145 146 148 9% 3 NY Railways pf, 1 3 564 Denv&RG Wopf.... 1 76% 76% 7o% 76 | 178% North Am(b10%stk) 164 182% 43% Devne & Ray A (13). 8 46%a 44% 45% 44% | p4w 514 North Ampf (3). 2 52% 8% Dome Mines (1)..... 10 9% 9% 10 | 644 484 No Ger Lloyd (3.41). 40 Dominion Strs(1.20) 14 50% 46 46 47%| 118% 95% Northern Pac'(5).... 105 DrugCorpn (4)..... 12 112% 111 112 112 | 114% 96 North Pacet (5. 48K Dunhill Tnter (14) 50 50 50 50 5 DuplanSilkpf (8)... 2 92 92 92 96 155% Du Pont de N(1434). 44 187% 186 186% 187% ::.,, }P‘: 8}}3.’,‘2.",‘.’.{".’;‘:.;., : 113's Dupontd N deb 5 113% 113% 113% 113% | 991, 90 Olivr Fr Eq pt A(6). 69% 49% Olivr Fr Ep ev pt(3). 168 Eastman Kod (18).. 16 2087 199 200 197%| 10% 7% Omnibus Corp. 56 EatonAxle&S (3).. 2 60% 60% 60% 60| Bi% 37 OtisSteel 126% Elec Auto Lite (6)... 32 163 160 161% 162% | 84 76 Owens il 4% EIEwrALt (). 57 81 80 81 80% 103 EIPwr&Ltpf (1).. 2106 106 106 108% Pacific Coast......... 77 Klec Stor Bat (5). 3 86% 85 85 854 'fi%- :2;‘ p:.,m,q::..';(.', . €6 Endicott-John (5) 3 68% 68% 68% 69% | 1i1s, 70 Pacific Lighting (3). 47 EngPubServe (11).. 25 68% 68} 68% 68%| 1, 1 Pacific Ol stubs A 31% Equitable BIdg(2%). 1 39 39 390 39%| 53 116% Packard Motor (15). 64 ErieRR e.... 102 84% 8214 83% 88%| ‘g3 401 Pan-Am Petroleum.. 57 ErieRRIstpf (4).. 10 624 62 624 62% | gen 4015 Pan-Am Pete B...... 50% BansAutoL(33%). 28 64 80 54 50| 15 9 PamhandlePAR.... 72 55% Paramount-F-Lr(3).. 6414 Fash Pk Assok23%). 2 66% 65 66%s 67ia| 13% 5% Park Utah (80e)..... 90% Fid PhenFIns (2).. 11 110% 109 110 . 108% | 14t 7% Pathe Exchangi 62 First Nat Stores 1%. 73 72% 78 72%| 47% 34% Patino Mines (3.39).. 7% Fisk Rubber........ 7% % 7% T%| 60% 38 Penick & Ford... 85% Flelschmann (133%). 26 931 93 93 93%| 27 11% Penn Dixie Cement.. 884 Fleischmann ctfs. 6 92% 92% 92% 93%| 99 724 Pennsylvania RR(4) 5 70% 704 70% 71 | 335 208 People's Gas Chi(3). 80% FoxFilmA (4)...... {8 88 871 {88 88 | 179 56% Phelps Dodge (3).... 37% Freeport-Texas (4).. '8 43 424 43 42%| 34 17% Phila&ReadC&I | 28% 13% Philip Morris (1) 20 Gabriel Snub A, 20%| 78 41 Phillips-Jones (3 10% Gardner Motor. 13%| 47 35% Phillips Pete (1% 81 Gen Am Tnk Car(34 974 | 87% 27% Plerce-Arrow A. 61 Gen Asphait. . 88 | 3% P 55% Gen Bronze (2).... s 6l% 6ln| 5% 37% Gen Cabl, T 45 43% 43% 44 .| 66 ) 81 Gen Cable A (4) 5 95 94 95 93 | 100 83% PittsburghCoal pf.. 63 1 70% 70% 704 71%( 401 26 Poor& Co (12) . 219 Gen Electric (16)... 114 374% 368 369% 374% | 50% 28 P Rican Am To (B).. 75% Gen’) Food Corpn () 41 b 74% 74% 76%' 65% b1k Prairie Oil & Gi . 102% 70 GenGas&ELA (el3) 89 1024 99% 1014 101% . §ls 53% PrairiePipe L (14).. . 146% 48% 93 23% 5015 91ty 5619 9B% 9 24% 6944 107% 1 1470 484y 93 28 697 107% 1 ~Prev. 1920~ Stock and Sales— Prev. | —Prev. 1929~ Stock and Sales— Prev High. Low. Dividend Rate. Add 00. High. Low. Close. Close. | High. Low. Dividend Rate. . . Close. Close 25% 15 Pressed SteelCar... 2 18! 18l Union Bax & Paper.. 4l 41% 81 7% Pressed StICof (7). 3 77% 7T6% Union Carbide(2.68). 3 124% 75 Pub Sve NJ (2.60) 69 117% 115 Union Pacific (10). 1084 103 Pub Sve NJ pf (6) 2 106% 105% % Utd Aircraft&Tran: 124% 117% Pub Sve NJ pf (1) 5119 119 Utd Biscuit (1.60). 91% 77% Pullman Corp (4). 873 4 United Carbon. .. 30% 23% PureOil (1) 25% Utd Cigar Stores(1). Purily Bakerle; 17 141% 139% Utd Cgr Store ctfs. .. . 634 84% R1% TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE [ Utd Corporation. Utd Corp pf (3) . b AW TT% Utd Electric Coal (3 20 367 % Utd Fruit (c4). . 41 Utd Gas & Imp (1). 5 1td Gas & Imp pf(5) 46% 28 Rand. ... 181 1S Cet 1P etfs(2) 31% 21 Reo Motors (11.60).. 3 2l% 7 S Distributing. 547 42% Rep Brass Corp..... 1 46% 46% T4 | Y Foreign Secur. 115 79% Rep Iron & Stl (4)... 18 1104 110 1111 | 92 9 FornSec pf (7) i 124 6 8 7 7 7. 7 | 49% 30 USHoftman (4). 49% 40% 39% 39% 40 | 19 28 US Ind Alco (6 42% 25% Rio Grande Ofl (k2). 28y 20 28% | U S Leather... 96 63 Rosala Ins (220). % 1% Tl 43% 27 Royal Bak Pwdr(1 37 37 37| U 8 Rubber. .. I 195% 154% Safeway Stores (3).. S .~ 94 5915 StJoseph Lead (13). U S Steel (1), 133 109% St L-San Fran (3)... U Benectnin) 517% 38% Savage Arms (2).... Untv Pipe & Itad. 41's 161 Schulte Retail Strs. . CulPwr& Le A« " 21% 12 Seaboard Air Line. .. Ay 181 139% Sears Roebck (32%). Vadsco Sales. 1 t 53% 41 Sharon Steel H (2).. Vanadium (14) - 182 12314 Shattuck F G (2). Vick Chemical (4) ... 130 25% Shell Union (1.40) Virginia-Car Chem 1 Simmons Co (3) Simms Pet (1.60). Sinclairotl (12%) Skelly Oil (2). Snider Packing. So Porto R Sug t2%. Southern Cal Ed (2). Southern Dairies A. Southern Rwy (8) Sou Ry M & O ct (4). Spang-Chalfant..... Sparks Withgtn (n), Splegel-May-St (3) Stand Com Tob (1).. Stand Gas & El (3%) Stand Ofl Calif (13). Stand OII N J (12).. Stand O1l N Y (1.60) Sterling Sec (A). . Sterling Sec pf 11.20. rt Warnr(3%) Studebaker (15) Submarine Boat Superior Ofl. . Superior Steel Telautograph (1).... Texas Corp (3)... Tex Gulf Sul (4). Texas P C & OIl (b5). Texas Pac Land Tr. Thatcher Mfg. The Falr (2.40).. Third Avenu, Tide Water Asso. ... Tide Wat Asso pf(6) Wabhash. . Warner B Warren B; Wess O & Westvaco Westngh White Mol White Sw Wilcox Of Wileox Ris Waldorf Systm (1% ) Walworth (1.20).... Ward Baking B..... Warner-Quinlan (2). Wess Oil @Snow (2). Western Maryland Western Pacif pf, Western Unlon (8 Westngh EI&M (4) White Eagle Oil (2). White Sewing Mach. Willys-Over (c1.20). Yellow Truck & C. pa— It | weil a time when norm for an easing in ra credit, WALL STREET LIST ENDS WEEK HEAVY Over—King’s Threat Also Market Factor. W. PRENOSIT, neial Editor. BY STANLEY Assaciated Press | NEW YORK, Julv 27.—Stock prices ? (displayed a decidedly reactionary ton s brief session of the market, | Selling " represented | part of professional in today’ as 55 ection reaction w Continued firmn widespread uneasines ion to check policy of the asier money rates. Baldwin he C Locomo ten-Fison_intere: realizing on traders “bear” _sellin, necessary. of mone . Renewal of Sen Federal s, ;' Professionals Throw Stocks the who had , | piled up profits earlier in the week. as considerable | based on the belief that a further cor- Vv rates at 1 developments call °S Was a source of n- ator King's proposal of congressional ac- tock speculation also was a disturbing factor. Unless there should be a drastic downward readjustment of securities or a marked change in the Resery | Board, bankers see no early prospeet, of | e ve &ponsored by was pushed n 3 [ 11 5 {upward in & . reflection of the recent ros Fie (n) i; stock split-up, Commercial Investment duinian (: 5 | Jrust. B H Macy and Youngstow 2 | Steel alzo showed independent strength. » 1 e closing was he: total sales t:’}.fu‘r‘(‘)). : | @pproximated shares, 1.250.000. 16 | _ The Federal Reserve Board Monthly b | Review, calling attention to the in- Afr Brk(2 tor (1).... Mch pf(4). 1 & Gas ch(B)c2... Y- 2 | | Atchison opm end 171, | Selling pressure appeared to increase 57 |as the session progressed. American 24+, | Telephone dropped 3 points in creased use of credit in securities SPE | ulation, brought further selling inte’ (e stock market overnight. ' | of adverse deve *| over the weel | tious traders to take profits or recuce | their commitments in the early trading 50 led many cau | eral Electric and Remington Rand. her -Over pf (7) 991, | Tesponse to the report that no stock 7 *| dividends, subscription rig or new 16% | financing was contemplated in the near Woolworth Co. an, | future. Marmon Motors, Air Reduction, Worthington Pump.. 70 | Westinghouse Electric and Radio each 93% 77% Worthington A 3 ags, | fell 2 points or more, while early de- 85% 66 Worthington B § x215 | clines of a point or so were registered 149%5 109 Wright Aero (2). 130 | by Bethlehem and Republic _Steel 80 70 Wrigley Wm (4).. 6% | Johns Manville, Allied Chemical, Ge: Rails showed a firmed undertone, and Delaware quickly rising 2 points. Bullish tendencies & Hudso: n %5, | also were apparent in Baldwin Lo 97% 90 Tide Water Ol pt(5) 481 way Store. iyl 31 22% Timken Det Ax(80¢). RIGHTS EXPIRE | Ak Chaiies Natin o Regater 1108 Sa8h Ximken Rellar (3) 6% 44 Col GasSEl..AuE1s 38 6% 64 6L 6% and Commercial Investment Trust B 2 Mont Ward..Aug26 46 185 18 185 18 Forelgn exchanges d_steady. Tob Prod etfs(1.40). 5% 4% Stand Gasrts Aug3l 56 5l 4% 5 5 | wit & Cabiest Rt Tobacco Pr A (1.40) - 1% 1% TranscontOllrts.... 8 1n 1w 1% 1% ;:%_»Slrrnng CRHl SN BN Tob Prod ctfs A 140, 7 5% Utd Corp.....Aug1s 58 6% CEN T i v Dividend rate: given 1n the above t: y s B0 4l Traneie & w (). casn Bavineata"Batta a0 il ‘adafiens "oF if 63370 | GERMAN BONDS AND STOCKS 3 % Trico Prod (234). ... SR i > i (S0 R vn ATESEE T A IR e AR gy, e | NEW YORKG July 27 (Special 881 8 TwinClty R T (i)l 0 40 40 Sbald s Gear—nd fepular raie, b Fasable In Sock. PIdk 5% | Ger Goyt Red Tonn with craming- A5 S, o’ Stoc Avabie when earned. e Pavable 1n Cash of Eiock, | ctis Bre 100 " 5500 0.0 165% 91 Underw-EL-Fish(4).. 37 155 153% 154% 153% | ] Plas 3% 10 stocke KPiie 3%° 10 stovk: el e et u'. 2300 3000 2 , W 0Ty Sotea s fion marks. T s 3500 cial secretary of the treasury, president per ‘thou. m of the board of education. A tora of WHEAT SELLS OFF SRt i e 1 ld]mlrllt}" hom; secretary and chan- Berlin 45, pre-war. .. & 4?3 sgr cellor of the exchequer, the second most | mbure 3578133 & 45 pre-war > Sarectal posttion i the govermenc | IN CHICAGO TODAY |sizzimer it o 1 He split with Lloyd George in 1916 | Reiop Ge7Tebt . ARE FOX AND ZUKOR Both Hungary Natives, Who | Rose to Power With Little Book Education. BY JOHN F. SINCLAIR. NEW YORK, July 27.—In this age of mergers and supermergers two men stand out in the motion picture indus- try as the big executives. Both of them were born in the same country, Hun- gary, at about the same time. Both started early in life working for & living, without much book education, but with determination to succeed. These two men are Adolph Zukor, head of the Paramount organization, ‘Willlam Fox, head of the Fox Film Corporation and its allied corporations ‘William Fox is recuperating from a severe automobile accident. He is not 50 well known to the public as his fel- low countryman. But, professionally, Fox plays & lone hand and is always to be reckoned with. Adolph Zukor is reported to have re- fused $90,000,000 recently for his hold- ings in the Paramount organization. He sees a greater future in the movies than has ever been shown in the past. Zukor is known to be a hard worker, an ex- ecutive who concentrates on his own organization and is popular with his subordinates. He was at his desk in his New York office nearly every day dur-| ing the recent hot spell. Like hi ployes, he takes for his annual vacation Jjust two weeks. Two Big Deals Closed. On his farm just outside of New York last week, while on his vacation, he closed two important deals. One, the taking over of the 150 theaters !in Minnesota, and North and South Dakota, owned by the Finkelstein & Rubin Circuit, for a price supposed to have been about $10,000,000. The other, the purchase of the majority interest in the Saenger Circuit in Louisiana, Texas and Florida, for a rice reported to be in the neighbor- 00d of $14,000,000. Both these men, Fox and Zukor, are in their early fiftles, keep pretty much in the background nally and sur- round themselves with unusually capa- ble executives. And when Fox was reported as dan- gerously hurt in the hospital on Long Island, last week, among the first to call to pay his respects was his friendly but vigorous competitor, Adolph Zukor. It is not often that one sees a foreign car in the United States. How many were imported last year? The United States Government figures on that subject are authoritative. There were 566 brought into the United States last_year., valued at $1,201,000. This would make them worth about $2,000 each. At the present time there is a 25 per cent ad valorem tariff on motor cars. Should this duty be taken off? Obviously there is no danger of for- eimn competition in this field unless large American automobile vonceras, al- ready well equipped with factories aboard, decide to produce cars abroad by cheap labor for the American market and undersell their own auto factories manufacturing in the United States. ‘That is the only objection that has been raised to taking off 25 per cent ad valorum tariff and allowing auto- mobiles to entef the United States, dut; free. And it sounds like a rather weal objection at that. McKenna Business Giant. Probably the United States has no business man whose career parallels that of the Right Hon. Reginald Me- Kenna of England. Mr. McKenna, chairman of the larg- est commercial bank in the world, the Midland, did not begin his life's work as a banker. He was born, 65 years ago, not in the country as so many American busi- ness leaders were, but in the city of London. His father was well-to-do, so he was educated privately for college, then entered Kings College, London, and Cambridge, where In the American sense, he was a pol- itician nearly all his life. As early as 1892 he ran for Parliament as a Liberal, but he was not successful until 1895, when he entered Parliament and stayed there continuously as a member for North Monmc for the next 23 4’ Covering and Weather News Help and retired from Parlfament in 1918 to | | enter the banking field. | While in college he was a member of the rowing crew and the winner of two cups at Henley. Today he is independent and fearless in_ thought, often opposes popular | opinion, but is very highly respected. clared the world was more nearly on a dollar basis than on a gold basis, and | that dollars, in turn, fixed the value of gold. And there was more truth than fiction in Mr. McKenna's statement. | In the banking world he is acknowl- edged to be one of the clearest headed of the world leaders. 'COTTON IS HIGHER IN MARKET TODAY| | a B E E Futures Quotations on New York Exchange. By the Associated Press. | NEW YORK, July 27.—Cotton opened | | steady today at an advance of 5/ |to 8 points on week end covering in- | | and unfavorable features in the weather | | news. The latter included reports of shew- | al ance at the end of the u‘!k was esti- wated at 46,000 bales, against 71,000 last year. tal liquidation and Bombay selling in Liverpool, but said there had been a fair | ;, amount of trade calling. points lower; October, 18.64a18.66;: De. cember, 18.91; January, 18.83a18.85; March, 19.04; May, 19.24a19.25. Spot, quiet; middling, 18.65. NEW ORLEANS, La, July 27 (®.—| Spot cotton closed quiet, 12 points down. Sales, 260; low middling, 17.3 | middling, 18.77; good middling, 19.42; receipts, 221; stock, 53,617. ' | | NEW YORK, July 27 (#) .—Stocks heavy; North American at new high. | Bonds easy; convertibles under pres- sure. Curb irregular; Electric Inves-| tors rallles 5 points. Foreign exchanges | irregular; French franc sags on profit taking. Cotton lower: favorable weather | forecast. Sugar, holiday. Coffee, holi- day. Markets at a Glance Outburst of Buying Soon Ends and ! ; | He startled British opinion when he de- | n (10 acociated Br CHICAGO, July 27.—With rains re- | Nor ported in Canada and chances of more, wheat prices turned downward today were, on account of a temporary out- | burst of buying. largely the result of | Liverpool quotations higher than due. | starting unchanged to 1 today in the wheat pit. veered swiftly from the buying to the | I numerous quick changes in price, but | during much of the day sellers were in | a majority. chief incentive to sell and the main- spring of downturns in values. | of consequence ! 1v.r;en dloday operated further to p\llli | steady Liverpool cables | prices downward. On the other hand, | spired by fatrly i | dispatches telling of urgent need of rain | in Argentina counted as a strengthen- | | ing factor in the Liverpool market and | indirectly stimulated lively buying here | Private cables reported continen- | Se; | Sevtems Futures closed barely steady: 6 to 8 | Decemoer changed: receipt, 15,778 tubs. ceipts, 14,986 cases. Prices Turn Downward. | Corn Firm. fter an early advance. Initial gains | higher and | subsequently holding near to the open- |Land ing limits, { T It was a typical “weather market” Active trading elling side, or the reverse, and led to | Possibility of general rain- | Notable lack of any export business in North American Land er7 and Frivate Bank FEDERAL LA NEW YORK, July 27 (Speciall.— B Land an) J Bank 47.s Jan 195 Bank 4 ank 5s s 3.5 July 19540p34 . Nov 1841031 ay Opening J; to 1% up, Chicago wheat | Fand Bank 41is Noy 195838 later fluctuated rapidly on a general | Land downhill course. Corn, oats and pro- | Land visions were relatively firm, with corn | Land 19530033 40p34 . The New York Curb Exchange has falls developing in the drought-stricken | admitted to unlisted trading privileges | Spring wheat regions both north and | 100.000 shares of common stock of the | south of the Canadian line were the |Landis Machine Co. of St. Louis. Robert R. Bennett Investments Metropolitan Bank Bldg. First Mortgage Loans Rre uiy BUTTER UNCHANGED, CHICAGO, July 27 (#)—Butter un- l Eggs, re- n Nearby 5%% ers in the Eastern belt and in parts of | at times. There were also advices of Fair Rates of Interest Texas, but indicated an absence °'j¥3°yl:1agx§m temperatures Northwest in | J. LEO KOLB moisture in the relatively dry Western o g = and Northwestern sections of ihat State. | | Wheat— 923 N. Y. Ave. Dis. 5027 October sold up to 18.79 and January | Jul¥ ... = = 1898 on this buying and the market|December Moneyito/ioan was very quiet after the call. Prices| March .. Mo v fluctusted within a range of & ors| Bl cured be frst decd of tr z nts during the firs our. i P ton on" shipboard agaiting clear- | December . Joseph I. Weller {37 Virginia Prudential surance Co. Loans Commonwealth Investment Co. 917 15th §t. N.W. Phone National 2628 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St & La. Ave. N.W. 62nd Issue of Stock Now Open for Subscription Money Loaned to Members on Easy Monthly Payments onnelly James F. t Secretary James E. Ce Presiden L CHICAGO LIVE STOCK MARKET CHICAGO, July 27 (#)—Cattle, 300 head: strictly choice fed steers and yearlings, strong to 25 higher; lower grade steers including some near choice offerings, 50 to 75 lower; light yearl-| ings, steady to 25 higher; she stock mostly 50 to 75 off; bulls, 25 to 50 low- er; vealers, steady to 50 down; extreme | top fed steers, 16.75; only specialties selling above 16.2: light yurnnzs.[ 16.60; heifer yearlings, 15.25; general run, 13.75 to 15.75; grassers and long fed, 10.00 to 12.00; bulk stockers and feeders, 9.75 to 11.25. Sheep, 3,000 head; by the week 87 doubles from feeding stations: 21,000 head direct; heavy receipts early in the week and unsteady dressed lamb trade quickened the market; fat lambs selling 1.25 to 1.50 below a week ago; | fat ewes, 25 to 50 cents lower; late top | 1a 14.00; native lambs, | X , 6.75; late bulk rangers, 13.50 to 14.00; natives, 13.25 to 13.50; fat ewes, 5.00 to 6.50; feeding lambs, strong to 25 cents higher; bulk, choice, 60 to 70 pounds, 13.50 to 14.00; top, 14.00. ‘Hogs, 5,000 head, including 3,000 head direct; market strong to 10 cents lower: top, 12.30, paid for load of around 190 s o, 2% o1 B 11.4 85; 01 X 10:15; ‘Sippers, £00. patinirc St AR I Goatskins from Ethiopla may bel 6% First Mortgages For Sale JAMES F. SHEA Let us have your applications for LOANS ON REAL ESTATE Immediate Action rteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W. 1520 K Street STORY 812 17th St. At 5% Before Placing Lean Spec 1%h & N. Y. I et ue today. ou need Mortgage Loans ist and ®ad Trost Consult WELCH Realtors Consult Us First Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Ce. National 0475 & CO. Met. 4100 lalists National Savings and Trust Bldg. Ave. N.W. money for eal Estate financing have your application Prompt Service No Appraisal Fee The Commercial National Company Incorporated Pald wp Cash Cai tal, $900,000