Evening Star Newspaper, August 6, 1929, Page 10

0 #wr FINANCIAL. THE EVENING STAR, WASHINGTON. D. C. TUESDAY, AUGUST 6, 1929. FINANCIAL. INSTITUTE CONSULS NAMED BY HENZ Practically Every Bank i Capital Represented on New Board. BY EDWARD C. STONE. ‘Washington's junior bankers who will help guide the destinies of the local chapter, American Institute of Bank- ing. have been appointed by the presi- dent, A. E. Henze, the record of con- suls being an- nounced today by the chief consul, J. Fred Fnglish of the Commercial National Bank ‘These young bank- ers will represent practically every bank in the city, many being se- lected from the branches also. ‘Their big job comes in the Fall just be- fore the institute opens, when they are expected O E. Joseph Aronoff. arouse intense in- terest in banking studies and turn their associates in the various banks toward books and lectures on finance. The list given out by Mr. English follows: J. E. McGeary, W. H. Hibbs & Co.. E. B. Glenn, Commercial National: Richard I. Schaefer, East Washington Savings: William B. Mehler, jr., Wash- ington Mechanics Savings: Harold F. Gates, Takoma Park Bank: Allen Humphrey, Munsey Trust Co.; Miss Kathryn E. Bowers, Seventh Street Saving Hollis Champlain, Liberty Na- tional: Willard G. Barker. Morris Plan; Robert B. Field, Anacostia Bank: Miss Anne Crawford, McLachlen Banking Corporation; Frank R. Clayton, Mount Vernon Savings: Thomas E. Moyer, Franklin National; John T. Fletchall, Potomac Savings: Robert E. Lee, Lin- coln National: Gerald E. Keene, Second National; P. Henry Coates, North Capi- tol Savings; George G. Cozzens, Wash- ington Savings; Charles B. Hagan, Na- tional Metropolitan; Collins O. Lamb, Park Savings; Francis C. Little, First . Grant Ridgley, Bank of Commerce & Savings: Paul J. National, Hyattsville: Seltzer, American Security & Trust Co.: Henry A. O'Neill, American Se- curity & Trust Co. Gilbert F. Murphy, American Security & Trust Co.: John M. Castell, Colum- hia National: Donald McCormack, Riggs National: Theodore P. Cowgill, Riggs National: C. F. Brown, Riggs National James B. Lovejoy. Riggs Naticnal: B. Boudren, Riggs National: L. Wilber Engleman. Riggs National; Frank J. Waters, Riggs National; W. L. Sander- son, Federal-American National: Remick S. Ferguson, Washington Loan & Trust Co.; George R. Barker, National Sav- ings & Trust Co.; John W. Marlow, Karlton Stein, Continental Trust Co. District National; E. R. Marks, Mer- chants’ Bank & Trust Co.. Wallace Schreiner, First National, Alexandria: W. C. Dieter, Union Trust Co., and J. Rod! Young, Security Savings & Com- mercial Bank. Joins Investment Banking Firm. E. Joseph Aronoff, secretary of the Federal Board for Vocational Education since its formation in 1917, has retired from the Government service to become resident manager of the Washington branch of Strabo V. Claggett & Co., Inc., investment bankers of Boston, New York, Buffalo and Philadelphia. Mr. Aronoff came to Washington in 1911 as secretary to United States Sena- tor James E. Martine of New Jersey, after serving at the New Jersey Capitol as a special legislative writer for a group of 15 newspapers. While associated with Senator Martine he pioneered in the movement to create a Federal agency for the purpose of promoting vocational education throughout the United States. On the unanimous passage by Congress in 1817 of legislation creating the Fed- eral Board for Vocational Education he was elected secretary. and in 1921 the) chief clerkship was added to his duties. He was elected a director of the In- ternational Exchange Bank in 1923, but due to demands upon his time by the ‘Government and his investment busi- ness resigned in 1928. Mr. Aronoff as- sumes his new duties immediately, with offices in the Washington Building. Heavy Trading in Lanston. Lanston Monotype featured trading on the Washington Stock Exchange to- day, a block of 100 shares and another 10-share lot changing hands_at 130. Several small lots of Capital Traction sold at 9333, Railway & Electric pre- ferred came out at 98)2 and Potomac Electric Power 5!» per cent preferred changed hands at 109';, 1093, and 110, the last sale being a 70-share turn. over. Mergenthaler Linotype was more ac- tive today, the market opening at 1043 and closing at 104'; on a 49-share turnover. D. C. Paper preferred sold at 80, Federal-American Co. common at 4235 and the preferred at 1013. Merchants Transfer & Storage common registered 116': and Terminal Refrig- erating and Warehousing Corporation sold at 50. Only one bank stock appeared on the board today, 16 shares of Riggs National changing hands at 578. Bond trading was confined to City & Suburban 5s, Potomac Electric Power 6s and Wash- ington Gas series A 6s. Heard in Financial District. Claude H. Woodward, president of the Mount Vernon Savings Bank, has re- turned from a month's vacation in Maine, at Old Orchard, Bar Harbor and other places along the coast. W. B. Van Devanter, manager of the ‘Washington office of the Guaranty Co. of New York, is in Wisconsin on a month’s vacation. S. R. Baulsin, cashier, Security Sav- jngs & Commercial Bank, is motoring <0 Detroit Lakes, Minn., on his vaca- 1ion, Assistant Cashier J. L. Shipley of the same institution has motored to Penn Yan, N. Y, for a two weeks’ va- cation. M. F. Calnan, cashier of the Liberty National Bank, is on his vacation, di- viding his time between Sherwood For- est and some of the Washington golf Jinks. John R. Waller, president of the In- ternational Bank, has gone to Mount Pocono, Pa., for a two weeks' vacation. ‘W. J. Flather, jr., of the firm of Glover & Flather, has gone to Wiscon- sin on his vacation, where he and his family will remain until after Labcr day. William C. Looker, manager of the Connecticut avenue branch of the Diz- trict National Bank, is spending his va- cation touring in Virginia and Mary- land. McCrory Stores Corporation has de- clared regular quarterly dividends of 50 cents each on common and common B, both dpnyable September 3 to stock of record August 20. American Telephone & Telegraph -June operating income $2.895,900, against $3,037,034 in June, 1928; months, $20,314,529, against $18,974,770. S. S. Kresge July sales, $11,686,639, increase 10.4 per cent over July, seven months, $79,314,447, increase 8.1 per cent. . RUBBER IS STEADY. NEW YORK, August 6 (Special).— Crude rubber, smoked ribbed sheets, was UChanged Rt Hiis comparad with | 225 o Vs cents. compare: S0t 1200 Dl Lack® W 142 .. 21%% cents a month ago and 19% cents A g L a year ago. ‘To mark the completion of 40_years’ service at Calamity Gunpowder Works, ‘West Calder, Scotland, Robert Robert- poon, an engineer, has been presented a ”; m » aold medal, g P VU T Stock ana Sates— Dividend Rate. Add 00. High. Low. % 38% AbItibl Power & Pap 88% 79 Abitibl P& P pf( 750 389 Adams Express () 27% Adams Millis (2)... Advance Rumle; 40% Advance Rumley pf. 1% Ahumada Lead.. 95% Alr Reduction (3). 37% Air Wal E1 Ap(2%) 42 Ajax Rubber. 415 Alaska Junea Albany P W P 27% Allegheny Cor 9914 Allegheny pf ( 100% Alleghny pfretsbl. 82% Alleghny old ex war. Allied Ch & Dye (6). halm Mf (7).. High. Low. 119 112% Dups Eastman Kod (18).. Eaton Axle & 8 (3). Eitingon-Sch (23%) Elec Auto Lite (§). Electric Boat. El Pwr & Lt (1) El Pwr & Lt pf ( Flec Stor Bat (5). Endicott-John (5)... Eng Pub Serve (11). Eng Pub Sve pf (5% ) Eauitable Bldx (2%) 0 600 620 0% 30% 30% 4 NatlEnameling (2). | 48% B1% | 33% 25% Sterling See (A). Natl Lead (5).. 151% 152 | 15% 13% Sterling Secof t1.20. 31 15 14% 14% 14 Easing Call Money Rates 6 124% 125% | 98 73% Studebaker (15) N Y Air Brake (3) N Y Central (8). . NYChi&StL(6).. N Y Chi & St L pf(8) NYNH&H(4).. N YNH&Hpf (1) NYOnt& West..... Norfolk&Wstn(t10). North Am(b10%stk) 115 1834 North Am Ed pf (6). No Ger Lioyd (3.41). Northern Pac (5)... North Pacct (5).... Norwalk Tire & Rb.. —_———— ©Oil Well Supply Oliver Farm Equip. Olivr Fr Eq pt A(6). Olivr Fr Ep cv pt(3). Frie RR Istpf (4). Erie RR 2d pf (4) Bureka Vac Cl (4)... Evans Auto L($2%4). 40'3 Am Bosch Magneto. . Am Brake Shoe 2.40. 15% Am Brown Bov Elec. 107% Am Can (14). 136'4 Am Can pf (7) 92 AmCar & Fdy (6)... 113% Am Car & F pf (7). 46% Am Chicle (2).. 43% Am Com Ale (k1.60). 23% Am Encaust Til (2).. Fairbanks Morse (3) Fed Lt & Tre (31%). Fed Motor Tr (80c).. Fid Phen F Ins (2). First Nat Store Fleischmann Fleischmann etfs. Am & For Pw pf ( A & For Pw 2d pf. 24% Am Hawallan (1) Am Hide & Leather. 30% Am Hide & Lea pt... Am Home Prd (3.60) Am Ice (13).. s 52'4 Am Internat (32)... 102% Am Locomotive (8) Am Loco pf (7). 147% Am Mch & Fdy (4).. Am Metal (3).. 8114 Am Pow & Lt (11). Am P&L pf A st (5). 404 Am Rad&Std S(1%). 3413 Am Republics. . 106's Am Roll Mill (¢2) 3215 Am Seating (3). 9313 Am Sm & Ref (4).. Am Steel Fdy (3) Am Stores (2) 71's Am Sugar Rfg 104% Am Sugar Rfg pf(7). 35% Am Sumatra (3). 193% Am Tel & Tel (9 160% Am Tobacco B ( Am Tobacco pf (6).. 87%4 Am Water Wks (c1). 16l Am Woolen. 392 Am Woolen pf. Am Writ Paper ctfs. 39% Am Writ Papr pf (3) 22'a Am Zinc Ld&Sm.... Anaconda Copr (7)..3862 62% Anaconda W&C (3) 1 Anchor Cap 12.40) 44% Andes Copper (3). Gabriel Snub A. Gardner Motor. Gen Am Tnk Car(34 Gen Asphalt. . Gen Bronze (2). A Pacific Coast. . . Gen Cable A (4) PacificGas & E (2). Gen Cigar (4) . Gen Electric ( Gen Elec spec (60c). Gen'l Food Corpn (3) Gen Gas&El A (e1%) Gen Mills (3). Gen Mills pf (§) Gen Hotors (13.30).. Gen Motors pf (7). .. Gen Outd Ad vte (2). Gen Public Serv(b§) Gen Ry Signal (5)... Gen Refrac (13%). . Gillette Safety R (5) Gimbel Brothers. Glidden Co (t1%) Gobel (Adolf). . Gold Dust (2%) Goodrich BF (4). Goodrich pf (7) Goodyear Tire Gotham Silk H (2 Gould Coupler Pan-Am Petroleum Pan-Am Pete B. handle P& R Pathe Exchange A... Patino Mines (3.89). Peerless Motor Car. . Penick & Ford...... Penn Dixie Cement. . Penn Dixie Cm pf(7) Pennsylvania RR(4) Pet Milk (1%). 4 Phelps Dodge (3). Phila Co (17). Phila & Read C Philip Morris (1). Jon Phillips Pete (1 Phoenix Hosfery. Plerce-Arrow A Granby Consol (7).. Grand Union... Grand Union pf (3) Granite City Stl (3) Grant W T (1).. Grt North pf (5). Grt North pfet (5).. Grt Nor Ore (a1%).. Grt West Sug (2.80), Greene Can Cop (8). Gulf Mo & North... Gulf Sta Steel (4) Pierce Petroleum. 4 Pillsbury Flour (2) Pirelli Co A (288)... Pittsburgh Coal. ... Pittsburgh Coal pf.. Poor & Co (12). P Rican Am To (. Posral Tel & C of (7). Prairie Oil & Gas fe Pipe L (14).. Pressed Steel Car... Pub Sve NJ (2.60) Pub Sve NJ pf (6) Pullman Corp (4 Punta Alegre Sugar. Pure Oil (1%) Purity Bakerie Armour Del pf (7). 10% Armour Ill (A). 5% Armour 111 (B). 1% Armour Ill pf (7) Arnold Constabl 26% Art Metal (114) 49% Asso Appl Ind (4) Asso Dry G (2%). 195% Atch T &S Fe (10).. Atch T&SF pf (5)... Atl Coast Line (110). 3214 AtiG & W Indles. 5313 Atl Refining (11%) Atlas Powder (4) Auburn Auto (J4 5% Austin Nichol. Austin Nichols p 21 Autosales. .. 42% Auto-Strop Raz (3 Hahn Dept Stores. Hahn Dept S pf(6%) Hartman B (120)... Bdy (b8 % stk) Helme (G W) (17).. Hershey Chocolate. . Hershey Choe pf (4). Hoe (R) &Co....... » Holland Furn (e2%). Hollander & Son. ... Houd Hersh B (1%). Houston Oil. Howe Sound (1 Hudson & Man (2% Hudson Motor (5) Hupp Motor (£2).... vay Reading (4).. Real Silk Hoslery Reis (R) & Co. . Remington-Rand. Reo Motors (11.60). . Rep Brass Corp. Rep Iron & Stl (4) Reynolds Spring. Reynolds Tb B(2.40) Rhine West (1.92) Richfield Oil (2) Rio Grande Ol (k2) 220 Royal Bak Pwdr(1). i Roy Bak Pow ctfs(1) Royal Dutch(a1.336 Baldwin Loco (7)... 115% Balto & Ohio (6). Balto & Ohio pf (4).. 6415 Bang & Aroos (3%). 34 Barnsdall (12%). Barnet Leather. . Bayuk Cigar (2) Independ Ol & G (2) Indian Motor Cycl Indian Refining. Indian Refining ct. Industrial Rayon. Beatrice Cream Beech-Nut Pack (3) Belding-Heminway. . Belg N Ry pt bf (16) Bendix Aviation (2). 75% Best & Co (3) 8214 Bethlehem Steel (6) 110% Bohn Alum&Br(t4). 7813 Bon Ami A (15). 314 Borden Co (3).. Borg Warner (§4) 30% Briggs Mfg..... Briggs&Stratton(2). 115% Bristol Myers(t43%). 40%% Brockway M T (3). 591 Bkiyn-Manhat (4)... Bklyn Unlon Gas (5 3814 Brown Shoe (214)... 3514 Bruns-Balk-Col(3).. Bruns Ter & Ry S... Interboro Rap Tran. Intercontinental Rub Intl Agricultural. Inti Agri pr pf (7) Intl Business M (5). Intl Cement (4).. Intl Comb Eng (2). Intl Cmb Eng pf (1) Intl Harvester (2%4). Safeway Stores (3).. St Joseph Lead (13). 13 St L-San Fran (8)... St L-San Fran pf (8) St L Southwestern. . Savage Arms (2). Schulte Retail S Seaboard Air Lin Sears Roebck (32%). Seneca Copper. Servel InC.......... Sharon Steel H (2).. Shattuck F G (2). Shell Union (1.40) Shubert Theater (5). Simmons Co (3) Simms Pet (1.60)... SinclairOil (12%) 4 Skelly Oil (2)... Sloss Sheffield steel. Snider Packing. . . Snider Packing pf. So Porto R Sug t2%. Southern Cal Ed (2). Southern Pacific (6). Southern Rwy (8)... Southern Ry pf(5).. Spalding A G (1.60) Spang-Chalfant..... Sparks Withgtn (n). Spencer Kelg( Spicer Mfg.. Spicer Mfg pf (3) Spiegel-Mav-St (3) Stand Com Tob (1).. Stand Gas & El (3%) 19 Intl Match pf (3.20) 1 Intl Nickel Can (80c) 299 Intl Pap & P A(2.40). Intl Pap & Pwr B. Intl Pap & Pwr C. intl Pap & Pwr pf(7) dntl Silver (18).. Intl Tel & Teleg (2). Inter Dept 8t (2).... 1sland Creek Coal(4) e 54% Buff & Susque. Bullard Co (1.60). Burns Bros A (8)... 61% Burr Add Mach. 54% Bush Term (g2) 415 Butte Copper & Zinc. 6l Butte & Superior (2) Butterick Co..... 4 1228 Byers (A M) 31% By-Prod Coke (13).. Dutsimndhlh”, S, 724 Calis Packing (4). Jewel Tea (3). Johns-Manville Jordan Motor Ca Kan City Sou (6).... Kaufmann D S (1%) Kayser J & Co (5)... Kelly-8pring Tire. Calumet & Ariz (10). 36% Calumet & Hecla(4). 1 43% Campbell Wyant (2). Canada Dry G A (5). Canadian Pac (10).. Case (J 1) ctfs (6) Case Th Mch pf (7). Cavanagh-Dobbs. Kelvinator Corp Kennecott (5). Kresge § S (1.60) Kresge Dept Stor Kreuger & Tol(1.34). 481 40% Cant Alloy Stee Kroger Gr&Bak(c1) STOCKSINRALLY Sales—~ Prev. | ~Prev. 1920~ Stock and Sales— Prev Add 00. High. Low. Close. Close. | Hizh. Low. Divider d Rate. Add 00 High Low Close. Close . 127% 126 67 62% Stand G& Epf (4).. 8 644 64 64% 644 76% 79 18 87 64 StandOilICalif (13). 92 70% 70 70% T0% 8 31% 31 62% 48 Stand OIINJ (12)... 84 574 56% b56% b56% 43% 48 45% 38 StandOIINY (1.60). 75 38% 38% 381 38% . 21 29% 29 20% 29% ¢ 68 66| 77 65 Stowart Warnr(3%) 45 68 65% 68 6 174% 170 Stone & Webster Check Decline—Some Shares Advance. 107% 108 45 1% Submarine Boat. 66° 67 76% 57 SunOil (g1).. % Superior Oil. BY STANLEY W. PRENOSIL, Associated Press Financial Editor, NEW YORK, August 6.—Zasing call money rates checked a sharp decline in | today’s stock market. Prices of many ctive shares were carried down 1 to 8 points in the morning selling move- ment but most of the losses were eut in half, or better, and a sprinkling of issues carried 2 to 6 points above yes- terday's final quotations in the early afternoon recovery. Trading was hizrly]huv_v in volume. arly selling was inspired largely b; a further break in Middle Western utilities stocks on the Chicago Stock Exchange, the high renewal rate on call loans and predictions of an in- crease in the Bank of England rate on Thursday. Wall Street recalled that. < 151 | the disastrous breaks in prices on the 6% { New York Stock Exchange in March, 11926, and again in the Spring of this Symington A.. Tenn Cop & Ch (1).. Texas Corp (3). Tex Gulf Sul (4).... Texas P C & Oll (h5) Texas Pac Land Tr.. Thatcher Mfg.. Thatcher pf (360).. The Fair (2.40)..... Tide Water Asso. ... Timken Det Ax(30e). Timken Roller (3) ‘Tobacco Pr (1.40). . Tobacco Pr A ( Tob Prod ctfs(1. Tob Prod ctfs A 1.40. 1 Transcontinental. ‘Trico Prod (2%) Truax Traer (1.60).. 1 TwinCity RpT (4).. 1 42 42 42 42 — Underw-El-Fish(4). 44 152 Union Bag & Paper.. 7 36% E;‘:::é?.’?}.fl?:’.e‘?" 1;2 1::’: l}:,'; year were preceded by sharp reactions ARETET S 270 | in Chicago and many traders. Pearing cific % a repetition of those experi Union Pacifie pf (4). 3 81% #1% | stocks heavily, b Union Tank Car(5).. 7 150 149 | st ) Utd Afrcraft&Trans. 173 138% 136% Alarms Utd Alrcratt&T pf3. 6 80t 8915 e 497 | The ease with which some of the &7 | high grade investment shares melted 14 |(away alarmed timid speculators who R4 | were carrying stocks on margin. Strong 7015 | buying support appeared when the call 487 | Money rate dropped from 12 to 10 35% | per cent, and funds were loaned in 116 | the “outside market” as low as 8 per 567 | cent. There was nothing in the day's 29 | business news to account for any change 13% | in speculative sentiment, as the latest 83% | batch of earnings and sales reports United Carbon. . Utd Cigar Stores(1). 4 1414 Utd Cigar St pf(6).. 1 84 Utd Corporation.... 1043 71% Utd Corp pf (3). . 12 49 Utd Electrie Coal(3) 3 37 Utd Fruit (c4)...... 24 118% Utd Gas & Imp (1).. 401 57 USCstIPetfs(2).. 3 29% U S Distributing.... 1 13% U S Distribpf (7)... 2 83 Utd Biscuit (1.60).., 42 50% 16 UsTrpress. D1 4 4M‘:‘ontmueg to make favorable compa j 8 Foreign Secur 28 0 71 lison with the correspondi U S FornSee pf (7 2 91k 9214 | year ago. Sy 1 33 32% | Detroit Edison, which rallied 50 points 60 180 179 |last week, broke 25 points on :,ofew 2 19 19% | sales. American Telephone dropped U . 5 33w 33121633, but made up all but a fraction of U S Leather pr pf(7) 3 92 92 |its loss before the end of the third U S Realty (5) 19 89% 89 | hour. New York Central dropped 7 and U S Rubber. . 36 47%h 47 | quickly rallied 4'z, and General Elec- USRubberistpf... 4 74 73% | tric made up ali of its early drop of USSmelt Ref (3%). 16 57% 56 |41; points. U S Steel (7).. 1174 212% 211% Chesapeake & Ohio, Allis Chalm: . . Allis ers, U S Steel pf (7)..... 16 140 139% | Standard Gas & Electric, Pacific Tele. 40% 42 | 109% 83 U S Tobacco (3) 3 83 85 | phone, Auburn Auto, North Amerk 7 76's| 224 10% Univ Pipe & Rad 2 104 10 | Consolidated Gas, Union Pntlfl({ncAn‘:le:l-' 10315 103% | 58% 35 Util Pwr&LtA (e2) 553 58 57% | ican Can, United Aircraft, Allied Ghem ! A 3 - s 6t rr 51, | €Al and A. M. Byers sagged 4 to 6 points 18% 187% 1 69 0 before sufficient buying support ap- 114% 1179 | 4 40 o peared to stem the decline. 106 106 12 “,: 841 | Meanwhile, pool operations were re- e e m R 451, | Sumed with increased vigor in a fairly 65% 36 virginia-Car 6% pf.. 1 40% mx-t‘cfl’.'naum?“i%;&'x"“xflléfi u:g:’q.mn;g; —_—— Y shares. American Water Works w: 81% 60 Wabash. s marked up 6 points, Westi:;ho:x:: Waldorf Systm (1%) 9 Electric First Preferred 5. May De- 15 partment Stores 4!y, Worthington | Pump 4 and Mack Trucks, Newport Co. Federal Light & Traction and Diamond Match 3 to 4 points. Hershey Warren Bros (15) Ché’gsge‘:s SIS 5 W Te 0's| 34% 15% Warren Fdry & Pipe 1 of an increased (;x}erx?nm:eg’-;;wg: 464 474| 48 31 WessOil&Snow(Z). 3 31l 31% 312 314! the red metal: Anaconda. Kemmecos 22 22| 724 BE'a WensO&Snpf(d).. 2 60 594 59% 59| and Greene Cananca sl coilis nmx,n: i 50% 48% WestnDairy A (4).. & 50% 50 50 507aior more above vesterday's fnel quoin H tn Dairy (B).... 12 264 25% 25% 26 |tions by early iflemooi’n. e @ FS ¥ ~ S & o g ner Bros Fic (n) 371 n Br P pf(2.20). 3 arner-Quinlan (2). Western Maryland.. 16 45% 4413 45% 45 4 Western Pacific..... 1 3 Selling Renewed. 228% Western Union (8).. 4 Selling pressure was renewed at the opening of today's market, and prices of many high-grade investment shares broke rather sharply. Union Pacific dropped 4'. points on the first sale, Atchison 3); and Missouri Pacific 2. General Public Service fell 5 points and American Can, Union Carbide and Com- mercial Investment Trust opened 1 to 2!; points lower. New Haven opened with a block of 5.300 shares at 11912, up d & new high record. Simmons . advanced a point. The widespread publicity given to the break in public utility issues on the Chi- cago Stock Exchange yesterday, coupled with growing fears that the Bank of England will raise its discount rate, which will draw funds from the New York market, brought heavy selling into the market 2t the opening. Yale & Towne (4)... 1 83% &3 ' 3 Public utilities and rails were among Yellow Truck & C... the hardest hit, although the latter had Young Sp&W (12%) 131 not shared in the spectacular advances 55% Westngh Air Brk(2) 119 241'a 137's Westngh EI&M (4).. 27 481 W eston El Instru. Weston El A (2) Westvaco Chlor Whi Whif White Sewing Mach. 4 White Sw Mch pf(4) 2 Wilcox Rich(B)e2... 62 Willys-Over (c1.20). 134 Wilson & Co. 1 Wilson & Co A Wilson & Co pf... Woolworth Co...... 20 Worthington Pump. 60 Worthington A. 3 Worthington B Wright Aero (2) Wrigley Wm (4) 3 2 35 sav| 16 Young Sheet&T (5) 3 of the former group. Consolidated gas 40% 40| 52% 454 Zenith Radio........ 24 L e e gl Oa e FEeS 57 59% | RIGHTS EXPIRE Central 31, American Telephone 3, and 11% 11%| 7 4% Col Gas&El..Aug15 179 6% 6'5 615 6% | Brooklyn Union Gas, Pacific Lighting, 53 53%| 24 1% GenCigarrights.... 50 2 1 2 2 |Columbia Gas, International Telephone, 35% 35% | 2315 179 Mont Ward..Aug 26 112 224 21% 221 217 General Gas & Electric and “Katy” T6% 76% 6% 4% Stand Gasrts Aug3l 213 6 5 5% 6w, common yielded 1 to 2': points. i;g% }fi 1% 1 TranscontOilrts.... 168 1% 1% 1% 1% Bl gl BT 7% 5% Utd Corp.....Aug1b 198 6% 6% 6% 6z 954 954 Sales of Stocks on New York Exchange. | PRICES ON PARIS BOURSE. PARIS, August 6 (#).—Trading was 55% 53% | 10:30 A.M. . 421,000 12:00 Noon. j quiet on the Bourse today. Three per 38~ 39%| 1:30P.M.......2.546.300 2:10 P.M. 59% 60% Dividend rates as given in the above table the annuai | Cent rentes, 74 francs 85 centimes; 8 4312 43 |cash payments based on the latest quarterly or hsf yearly dec- | per cent loan, 102 francs 5 centimes: 53% 51 |laration. & ; " Unit of tradirg less than 100 sh +Partl | exchange on London, 123 francs 90! 46% 46% | ¢n 1SURLLSS Hatine tock. YElis 15T dock | centimes, The dollar was quoted at 25 rey yable in stock. Pl 5 o | Sock " d Favable ‘when earned. e bavable”1n cash or ciock, | [rancs 533 centimes. Stock b Plus 3% i stock Building of railways and highways Century Rib Mills 88% Cerro de Pasco (6).. 16% Certain-teed Prod... Ches & Ohio (10).... Chesapeake Corp (3) 4% Chi & Alton. | they have never lost faith in the po-| tentialities of the system, even in the “thin” years. Lambert Co (8). Lee Rubber & Tire. . Leh Port Cem (2%). Lehigh Valley (334). Lehigh Valley Coal.. Lehn & Fink (3).. Liggett & My B (15) Lima Locomotive. .. Liq Carbonic (14%). Loew's Inc (2) FARMER PROBLEM OF HELP EFFORTS Upon Growers’ Taking Their Medicine Depends Success of Relief Measures. i u’fhte‘ muln' Ju:wr ';r the n-“mc\;llluglll BALTIMORE, August 6 (Special).— | situation e weather. s will de- S b0 fermine the final wheat yield and the | Loiatoes, 100 pounds, 75a1.25; new po ultimate cotton output and affect other farm products. The farm authorities | bushel, 2.00a3.00; beets, 100 munds.! l&:ve "l;n:dwgll;mer; .c““;: ‘llutl::! 2.00a3.50; beans, bushel, 1.7521.90; cab- ' e markef wheat. ar the | pace ha 1.001.2: | ge, hamper, 1.00a1.2 farmers have shown little more incli- nation to respond than did the cotton | Pounds, 3.00a4.00; celery, crate, 3.00a growers to pleas that they plant a|4.00; cucumbers, hamper, 30a60; corn, ;muu‘el:- ncr;qeuthu{nr. nl::;wm?g; dozen, 18a25; lettuce, crate, 50a1.00; ing ese facts, nature lima beans, hamj . problem for the farmers, the Farm e BAmper, S 26A1 805 oiions} Board and the financiers by curtailing | Bushel, 1.00a1.35; peppers, hamper, 30a %|50; squash, hamper, IO wHichiseeimed HIkely i iof be O™ mampermasaian: Pabpies, bushel, 1.008 | So far as wheat is concerned, there | 2.00; blackberries, quart, 15a20; canta- till A hi) cen! wm“ t nnegnwnn‘msnnnmt? ‘m"".‘,“.‘gm"fl quart, 16a20; oranges, box, 2.5085.00; been unpropitious for a big crop in peaches, hamper, 25a50; watefmelons, cither, Canada or m’es uahuu States, 15a50. e carry-over sf a factor 2 hich cannot be jgnored. For cotton, | 1:34%: No. 2, red Winter, garlicky, spot, | on éhuf ot':er"l:nld,um‘e cll;ry-ove{, lu- cort latest and most au- thentlg figures of Secretary Hester of | BaIlicky, spot, 1.245%. the Ne:v'Orll,eu-‘n: aco%"fi% Ex‘chnnge, will mount to X X ales, as com- ';nred with 5,252,000 last year. On ",‘,’, No_2, yellow domestic, 1.20. other hand, consumption this year w 2 v bably be 15,256,000 bales, as against | NO_quotations; No. 2, domestic yellow, a0 last yeary "Tinis ‘means & A 11981.20; cob corn, 5.756.00 per barrel. crop of 15,500,000 bales is required to fill world needs. Weevil Is Mighty Factor. Hay—Receipts, none, Season for old The various “3&‘“““’ range from | hay is about over. A little new crop is 15,400,000 to 15.900.¢ boll weevil is likely to make |to establish quotations by grades. Where jokes of the predictions one way or the |in good order, new hay sells at from other by the time all the cotton is|13.00 to 15.00 per ton, according to its d. The dairy industries, already closely banded together in co-operatives, seem | Straw—Little demand for straw. Re- far more likely to benefit from the im- ceipts generally ample. Wheat straw, - |petus the Farm Board has given the | No. 1, per ton, 9.00a10.00; oat straw, No. movement than the grain grower, and 11, per ton, 9.00a10.00. N 80% Ch1& N W (4) 34 Chi&N W pf (7). Chi Pneu Tool. 48'% Chi Pneu T pf (3%). 9813 Chi R1& Pacpf (6). Chi RI'& Pac (7). 105% Chi RI & Pac pf (7). 447% Childs Co (2.40). 66 Chrysler Corp (3)... 49 City Ice & F (3.60).. 19% City Stor: 421 Cluett Peabody 120% Coca-Cola (fl'. U Loose-Wiles (2.60).. Lorillard (P) Co. Lorillard (P) pt (7) Loutsiana Ofl. ...... LouG&EIA (1%). Ludlum Steel (2). Mac A & Forb(12.85) BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, August 6.—Bankers in the big credit centers are now making final preparations for the funds neces- sary to move the great bulk of Amer- which are to come on the fore the end of this year. The money situation is showing a tightening tendency in consequence, al- though no lack of funds is anticipated for agricultural, commercial or indus- McGraw-Hill (; port McKesson & Rob (2) McKes & Rb pf(3%). Mack Trucks (6).... Macy(RH)&Co(ct3) Madison Sq G (1%). Magma Copper (5).. Mallinson & Co. Man Elec Supply . Man Elev mod (d5) Man Shirt (2).. Maracaibo Ofl Exp.. Market St Ry of.... Marmon Motor (4).. Martin-Parry. Mathieson Alk (e2 53% ColumbG & E (2 103% Colum G&E pf A(6). 55% Col Graph (29¢c) 121% Columb Carbon t4%. 43 Com Credit (2). Comm Credit A. 131% Com Inv Trust (t4). Com Inv Tr pf(6%). 107% Comnwealth Pwr 14 191 Congoleum-Nairn. .. Cong Clgars (153). 60% Conso) Cizar (7).... Consol Film In pf(2) d Perhaps the slight tenseness may degree, as some bankers st, the anxiety as to whether the rica”—the farmer— ‘take his medicine. The Federal Farm Board program, as outlined recently in Chicago and Baton ' | Rouge, has pleased many of the finan- clers. They feel that the prescriptions outlined to the patient will do him good, but they are not sure he can be induced to take them. Based on Co-Operatives. reflect in some may refuse to 47% Contl Baking A. 814 Contl Baking B..... 8814 Contl Baking pf (8). 57% Cont'l Bank of N. Y. 60 Contl Can (2% 79 Contl nsurance (2). 13% Contl Motors (80c). 29% Contl Oil of Del. Corn Prod (133).. Coty Ine (g2). 83 Crosley Radio (t1 42% Crown Cork & Seal.. 18 Crown Zellerbach (1) 106% 85 Crucible Steel (5). .. Crucible Steel pf (7) Mexican Seaboard Miami Copper (4)... Michigan Stl (23%4).. Mid-Continent P (2). Middle States Ofl. ... Middle States Ofl ct. Miller Rubber. . Minn Moline Pwr.., Minn Moline pf 6%.. less In need of assistance In| e lx:fxt! men, owever, sre' prepared Live Stock Market. One Error to help board help them. corm | Cattle—Receipts, 50 head; light - s 1d1 wers see their crop less advanced | ply. market m&; Steers, ehcl:ge 3 n Del:ldmg to 14.00; good, 12.50 to 13.25. of the coming months which will deter- | 1150 to 12.25: common, 9.50 to 11.00. tio will | Heife hoice, ri Pac pf (5). k Carpet t2% fers, cCl Mont Ward l.l their favor when they come t0]10.50 to 11.00;" medium, 9.00 to 10.00; market the grain in the form of meat. | common, 7.00 to 8.50. cholce, I Taking the situation in general, the | stable, 9.50 to 10.00; fair to 8.00 ment—especially apartment financiers are far less skeptical of & 900; o good, s Rousse-<eunsovt edldedly to common to medium, 7.00 C farm yield equal to or exceeding $12,-17.75° Cows, choice, stable, 9.00 to 9.70: 63 Cuyamel Fruit. 000 than they 8.75; common to Motor Products (17). Motor Wheel (2) Mullins Mfg. . Munsingwear (13%) Murray Corp 1-3)'.‘, . 69% 42% Davison C:nn s Delaware & Hud (9) SHOE SALES INCREASE. 7% 56% Denv& RG W pf... Detroit Edison (8). . 84% 43% Devne & Ray A (13). 8% Dome Min Dominion Strs(1. Drug Corpn (4) n| NEW logs—Recelpts, head; 1'#;;« sup- N . sales of the Melville Shoe Corp. totaled | ply, market steady; lights, 12.90; heav. Nash Motors (8) - WJ“I;- Moo i B over 'y . or seven months of 1920 were $14,479,720, pigs, 12.60. .52 t over the same Calves—Receipts, 750 head; t Period of jast yoar, Ply, market sioady. coves, 6.00 to 16.00. o and other public works in Colombia has been curtailed. throwing thousands of Baltimore Markets | men_out of work. 6% First Mortgages For Sale JAMES F. SHEA 643 Louisiana Ave. N.W. ‘Weather Man Factor. tatoes, barrel, 2.00a6. sweet potatoes, | carrots, 100 15a35; tomatoes, loupes, hamper, 40a65; huckleberries, 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 Shes fames E. Connelly James President Wheat—No. 2, red Winter, spot, 1.28%; August delivery, 1.28%; Septem- ber delivery, 1.2912; No. 3, red Winter, Bag lots of nearby, 1.10a1.20; No. 2, export, August delivery, no quotations; Corn—No. 2 export, August delivery, Oats—No. 2, white, domestic, spot, 60; No. 3, white domestic, spot, 58. Rye—Nearby, 1.00a1415. . More Than @ Third of a Century’s i ) 1) 000 bales, but_the | arriving, but hardly enough upon which quality and. condiiton. Receipts by truck taking care of most requirements. ; medium, —some question in connec- tion with property manage- , 1150 to 12.00; good, more than our nomin charges for assuming ALL the responsibility. were two months | fair to good, 8.00 to ‘medium, 5.00 to 7.50. >~ Sheep and lamb—Receipts, 100 head; light supply, market higher. Sheep, 2.0[2 to 6.50; lambs, 8.00 to 14.50. YORK, August 6 (#).—July 2.8 t{ies, 1175 to 12.35: B. F. SAUL CO. ol Do frst rf:'-igm'v.u to 1025} u".'nt Ppigs, nioo;l Nat. 2100 . 925 15th St. N.W.