Evening Star Newspaper, August 21, 1929, Page 10

STOCKS IRREGULAR INHEAVY SELLING “|Speculative Favorites Are Whirfed Up to High Records Despite Realizing. UTILITIES ISSUES 3814 ADItibf Power & Pap 19 Bd% 79 AbBItIM P& P pf(8).. f R4 84% Adams Exp pf (5 RRY, Aa a8y Stock and Dividend Rate. Sinclairofl (12%) Skelly O11 (2) Sheffield ste Snider Packing pf... So Porto R Sug 12%. Southern Cal Ed (2). jouthern DairfesB.. 3 outhern Pacific (6). 38 Southern Rwy (8)... Southern Ry pf(5). .. Sou Ry M &Oct (4). Spalding A G (1.60).. Sparks Withington Spencer Kelg(1.60) Spicer Mfg. Spicer Mfg pt (3)... Splegel-May-St (3) Stand Com Tob (1).. S Stock and Bales— Dividend Rate. Add 00. High. Minn Moline pf 6%.. 3 94% MStP&SSM,. Btock and . Dividend Rate, ng (4). Publish pf(7) ero ctfs(1). Bales— Add 00. High. 7 61% 2 116 12 170 Davison Chem...... Delaware & Hud (9). b v Del Lack & W (7).. 1% Ahumada Lead. . i 1% 1% Deav ARG Wat 75 4% 954 Alr Reduction (3). T M Detroit Edison (8). . 4 Ajax Rubher. ™ Devne & Ray A (13). 4 EY Alh; ATREKS Tonenn. oi.cs Pl Dominion Strs(1.20) 50% 50% 113% 114% 114% 114% R4y 834 84 84 a311p R32 318 325 Fare Discussion Is Followed by Slight Recessions in D. C. Trading. 45% P Mohawk Carpet 12% . 1 65 Mont Ward (2%).... 195 129% Moon Motor: 5 3% Morrell J (3.60). 8ii7 Mother Lode (40c)... 14 3% Motion Picture. . 27 Bl Motor Meter G & K. Motor Products 7). Motor Wheel (4) . Mullins Mfg. Munsingwe 10% 25 12 Albany P W Paper. BIN S Al leghany Corp. 2. 118% 991 Alles Corp pf (5%).. WL AWAEMING 118 1004 Alleg C pf rots(5%). Our local market was disturbed again |§ ::u :gz :Hr;:Crvf 151;66)xw - % & eg pf rec 515 xw today by the effect of the present hear: 280% 241 ATHe&'Ch & Dye (8). 166 ° Allis-Chalm Mf (7)., BY STANLEY W. PRENOSIL, Associated Pre:s Financial Edito NEW YORK, August 21 (#)—The stock market, having experienced an almost gerpendlcullr advance since the ) Dupont d' N deb (6 I S———— Eastman Kod (18)., 176 216 drastic ing going on before the Public Utilities | gaq Commisison on street railroad fares. The stocks usually furnished a consid- erable part of the daily business, but they are now sagging and neglected. Capital Traction, however, is holding much firmer than might be expected although it is really entitled, by reason of its dividends, to hold present prices and even better. A cut in dividends, even if it does come, will not probably be below a 5 per cent basis. At 921 bid and 93% asked it shows considerable strength. Railway preferred has eased off again to.9712a98, al- though there is no prospect whatever of having dividends cut or changed at all. Two bank shares came out today at 410 for National Metropolitan com- mon, and 577 for Riggs. Commercial National Securities Co. was firm at 103, while Federal-American common closed at 42. Mergenthaler was slow, but a little firmer at 104%a104%. ‘The bond section was neglected. Havana Hotel Financing. Representing an important contribu- tion of American capital to the Cuban government's extensive program of im- provements designed to establish Hav- ana as an outstanding resort center of the western hemisphere, the Natlonal City Co. and United States Realty & Improvement Co. announced yesterday that they have agreed to sponsor the financing, construction and manage- ment of the National Hotel of Cuba, a project which will be larger than any hotel now on the island. ‘The financing of this enterprise will follow in general outline the plan de- veloped by the National City Co. and United States Realty & Improvement Co., in which a public offering takes | the form of a protected investment se- curity ylelding a liberal rate of re- turn combined with a permanent par- ticipation in the profits of the company through ownership of common stock. The financial program provides for an actual investment of more than $7.- 000,000 in the enterprise, covering the estimated cost of the buildings, archi- tects’ fees, carrying charges during coi struction, provision for working capi- tal, etc. The required funds will be obtained through the public offering today by the National City Company of $6,250,- 000 thirty-year 6 per cent income de- bentures and 62,500 shares of com- mon stock of the National Hotel of Cuba Corporation and the sale to the United States Realty and Improve- ment Co. of 14,500 shares of $6 cumu- lative preferred stock without par value, comprising the entire issue, and part of the common stock for a cash sum of more than $1,300,000. ~The debentures and common stock will be placed on the market in units, con- sisting of $100 principal amount of debentures and 1 share of common sw‘ck and will be priced at $100 per unit. Harper Plans Picnic. Col. Robert N. Harper, president of | 27114 210 the District National Bank, has invited the board of directors and employes of the bank to a barbecue picnic at his country place, near Leesburg, Va., and plans already are being made for a pro- gram of sports, including golf and horse- shoe pitching, there on Labor day. ‘The annual flower show and prize contest _of the Federal-American Na- tional Bank, which always attracts a rgeous display to the institution, will be held Monday and Tuesday, Septem- ber 9 and 10, according to arrangements now being completed. The flowers will be judged Monday evening. Will Attend Meeting. ‘Three officials of local building asso- ciations will leave Friday to attend the annual meeting of the United States Building Association Leagues, at Salt Lake City, beginning next Tuesday. Clinton C. James of the Home Building Association of this city, chairman of the legislative committee of the na- tional body, will attend. The others making the trip are: Edward C. Baltz, secretary of the Perpetual Building As- sociation, who will continue his trip | g421s 170 westward to-Los Angeles, and San Fran- cisco, returning about October 1, and Willlam S. Quinter, president of the District_Building Association. W. B. Robinson of the Bank of Brightwood and Audrey O. Dooley, Federal-American National Bank, tied for low score in yesterday's play of the first annual golf tournament of the ‘Washington Chapter, American Insti- tute of Banking, at East Potomac Park course. Others playing were W. P. Restorff, R. D. Lewis, American Se- curity & Trust Co.; J. E. McGeary, W. B. Hibbs & Co.; Robert A. Sisson, ‘Washington Savings Bank; T. Ed Norris, Mount Vernon Savings Bank, and H. F. Kimball, American Security & Trust Co., who is chairman of the athletic committee in charge of the contest. There are 22 entries. ‘Toda: play will include Joseph D. Yerkes, Federal-American National Bank; O. T. Wright, District National Bank; Lionel E. Beeton of Alexandria, Va.; Charles H.. 'Doing, Washington !Loan & Trust Co.; Frank M. Perley, American_Security & Trust Co.; J. ‘William Roberts, Security Saving & Commercial Bank; W. B. Robinson, Bank of Brightwood, and J. E. Mc- Geary, W. B. Hibbs & Co. Bankers’ Bulletin. Several changes will appear in the first issue of The Bulletin of the Dis- trict of Columbia Bankers’ Association, to be distributed in about a week, ac- | cording to the editor, Audrey O. Dooley of the Federal-American National Bank. ' The Bulletin has been increased from 8 to 12 pages, will carry this time an ! appropriate cover design, and will be | generally attractive throughout. The editor has been assisted by two as- | sociate editors, Edward J. McQuade, | Liberty National Bank, and I. J. Roberts of Riggs National Bank. Mr. Dooley | has written each bank member of th assoclation to name a “contact m: | to represent each bank and who will take the responsibility of helping to ' make The Bulletin ' increasingly val- uable and interesting. Laurence A. Slaughter, vice president of the Commercial National Bank, plans to leave for his vacation at Sa anac Inn, N. Y., next Monday. F. HA‘ Cox, cashier of the Commercial N tional, is expected to return from his vacation Monday. 225 23% 1487% 7314 62 24y 182% 142 1061 120 86 84% by £av, 134% T4% 4% 111 60 299 197 197 149% 277% 58% 110 2824 195% Atch T & SFe (10).. 103% 209 169 6874 61% 1% 115 51 10 65 35'% 50 20 66% 139% 80 138 88% 49%4 327 103 101 17% 847% 104% 100% 129% 221 Auburn Auto (J4) 2214 Amerada Corp (2). 10% Am Agricul Chem. 110 4014 Am Bosch Magnetn 45 Am Brake Shoe 2.40. 15 Am Brown Bov Elec. 107% AmCan (+4)...... 136 Am Can of (7). 92 ' Am Car & Fdv (f). 118% Am Car & F of (7)... 70% Am Chain pf (7)... 46% Am Chicle (2).... .. 43 Am Com Ale (k1.60). 823 Am Enropean Sec. 75% Am & For Power. 88 Am & For Pw 2d pf.. 241% Am Hawalian (1) 201 Am Hide & Lea n 64 Am Home Prd (3 3R Am Tce (+3) 52'4 Am Internat . 4'; AmTa F & Foamite. 102% Am Locomotive (8).. 113 AmTLocopf (7)..... 147% Am Mach & Fdy(15). 50 Am Metal (3) 3% Am Piano. . /1%« Am Pow & Lt (11). 98% Am Paw & Lt pf (6). 78 Am P&L DS A st (5). 40% Am Ra&Std San 134 . 81 Am Republics..... 106% Am Roll Mill (e2). 61 Am Safety Raz (15) - - = B e e 3 ey 2 Am Snuff (n). Am Steel Fdv. Am Stores (2). 104% Am Sugar Rfg pf(7): 35% Am Sumatra (3). 193% Am Tel & Tel (9).... 160 Am Tobacco (8). 160% Am Tobacco B (8). 6714 Am Water Wks (¢1). Am Woolen. LBompaialaninlansSfunaad33lannatannnIaBnnns ari 328 TN Am Writ Paper ctfs. 2214 Am Zinc LA&Sm. 90% Am Zinc Ld&Sm pf. 0 99 Anaconda Copr (7)..2500 62% Anaconda W&C (3) 1 43 Anchor Cap (2.40). 44% Andes Copper (3) 29 Archer-Dan-M (2 10% Armour 11l (A). 514 Armour I11 (B). 70% Armour Il pf (7) 19 Arnold Constabl 481 Asso ApplInd (4)... 43 Asso Dry G (2%) 94 AssoDG 2d pf(7) 99 Atch T&SF pf (5)... Atl Coast Line (110). 324 At1G & W Indles. ... 45% AtIG&WLDf(4).. 53% Atl Refining (12).... 90 Atlas Powder (4)... - 5% Austin Nichols. 5115 Austrian Cred (4.49). 22t Autosales. 40 Auto-Strop 18 Aviation Corp. Del - AeSetunrteronSaann~ Baldwin Loco (7)... 62 Baldwin Loco (new). 108 115% Balto & Ohio (6).... 75 Balto & Ohio pf (4).. 123% Balto & Ohlo £ p (6). 641 Bang & Aroos (3%4).. 33% Barnsdall (32%). 20 BeaconOil... 931 Beatrice Cream (4) 73 Beech-Nut Pack (3) 9 Belding-Heminway 81 Belg N Ry pt pf (16). 78 Bendix Aviation (2). 75% Best & Co (3).... 8214 Bethlehem Steel (6). 123% 116% Bethlehem St pf (7). 617% 42% Bloomingdale Bros. 136% 110% Bohn Alum&Br(t4) 8914 11% 63% 100% 82% 634 43% 7813 Bon Ami A (15) 6 Booth Fisherie 44% Booth Fish 1st pf.. 8314 Borden Co (3).. 77% Borg Warner (J4) 30% Briggs Mfg.... 35% Briggs&Stratton(2). 130% 115% Bristol Myers(t4%). 6% 3% 817% 49 554 42% 50 89% 9% 12% 82% 4 136% 123 617% 49% 98% 23% 63% 43 63% 7% 145 47 56% 314 British Empire Steel 39% Brockway M T (3)... 57 Bklyn-Manhat (4)... Bklyn Unlon Gas (§) 38% Brown Shoe (2%)... 35% Bruns-Balk-Col(3). 25% Bucyrus Erfe (1). 384 Bucyruscv pf (2%). 22% Burns Bros B. e c! 54% Bush Term (82)..... 37 Butte Copper & Zine. 6% Butte & Superior (2) 8 38% 128% 34% 72% Calif Packing (4) T7% 1% Callahan Zinc&L... 1 1% Calumet & Ariz (10). 9 129% 36% Calumet & Hecla(4). Campbell Wyant (2). Canada Dry G A (5). Canadian Pac (10)... 12% Chi Great Western. 38 ChiGreat Westn pf. 27% Chi Mil St P&Pac... 46% Chi Mil St P&Pac pf. 264 80% Chi&N W (4).. 15 134 Chi&N W pf (7). 28% Chi Pneu Tool 48% Chi Pneu T pf 142% 115 ChiRI&Pac (7). 1027% 62% 88% 98% Chi R1& Pacpf ( Chry: P 3¢ 49 CityIce & F (3.60).. i 1 103% Colum G&E pf A(8). 55% Col Graph (29%).. 40 61 Col Graph F P (29¢). 1 121% Columb Carbon 14% . fg F. D. Herron, assistant treasurer| 500 225% Com Solvents (h8). w. of the Union Trust Co., has left for his vacation at The Oaks, place of Ed- Ward J. Stellwagen, preseident of the on Chesapeake Bay. planning to return to Wi iest of this month. . COAL PRODUCTION. NEW YORK, August 21 (#).—The Ni tional Coal Association’s weekly estimate of bituminous. coal production in the United States for the week ending Au- gust 17 totaled 9,600,000 net tons. Fig- ures announced the S St M S, S o en ugust ) ‘were pmddhl:ged and for the week ending August 10, 9,571,000 net tons, PR B, IRON PRICES. NEW. YORK, A 21/ (A)—Iron | 26% ite prfl“ remain at last uia- 8% at] 1 Y Age's week's a ton end that for iron at $18.42 that M%fihfl steel ST . n higher, 246 93 22% 107% Comwlith Power (4) 59% Conde Nast Pub (2).. 19% Congoleum-Nairn... 67 Cong Cigars (16%) 60% Consol Cigar (7). 24% Consol Film pf (2). 95% Consol Gas (3). 96% Consol Gas pf (5) - 50 ° Consol RR Cub pf(§) 215 Consol Textile...... 12 Container Corp A.. 60 Contl Can (2%). 22! 79 Contl Insurance (2). 141 28%. 13 Contl Motors (80c).. 106 28% Contl Ol of Del. 18 82 Corn Prod (13%) 51 Coty Ine (g2) 22% Crex Carpet.. . 83 Crosley Radio ($1) 42% Crown Cork & Seal. 18% Crown Zellerbach (1) 85 Crucible Steel (5) 4 15% 13% & 28 12 2% 140 63 50y 26 175% 139 aR1G 1144 R0t 92Y% 146 514 121% 113 215 4% 4 14814 100 81 5% 29% 126% 65 % 114 43y 65 68 8% % 107% 40 292 193 193'% 145% 16'% 377% A 2754 101 195 337% 404 18 253% 65 138% 76% 861 37% 31 107 85 11% 8274 938 98% 129% 120% 50% 116% 83 6% 47 93 831 33% 128 242% 4% 38 28% 33% 7% % 1% 128% 45! 4815 8914 229% 40% 348 121 20 58 51'% 8 94% 16% 45 39 61% 136% 43% 54y 139% 104 561 191 46% 147% 5 65 126% 29 12 41 139% 6214 59% 26 1804 138% 7% 114% 94 155% 122 11315 2031 5% % 15315 100 8214 46% 417 1264 65 3N 114% 4414 65, 68 T9% 1074 41% 295% 194 194 1484 154 38 n 55% 5314 32% 277% 101 195 341 40 18% 254 65% 139% 5% 1375 831 38% 31 103 85% 11% 82% 95% 991 127% 12014 9% 174 824% T% 4674 93% 83% 33% 239 48 38 29%, 345 1% 1% 128% 45 49y 89% 231 39 353% 121 21 58% 51% 8 95 15% 44% 39% 61% 9415/ 9% 135% 44% 53% 139% 29 69% T1% 56% 19% 47 146 46 65% 126% 4 15% 15 13% 131 e 4 4 Grt West Sug (2. 4 Greene Can Cop (3 4 Gulf Mo & North. % Hahn Dept Store: % Hartman A (2) Eaton Axle & 8 (3).. 1 Elec Auto Lite (6) 101 Eleetric Boat. El Pwr & Lt (1) EIPwr&Ltpf (7)., Elec Stor Bat (5). Endicott-John (5) - Eng Pub Serv (11).. Eng Pub Sve pf (5 Equitable Bldg(2% Erle R R 2d pf (4) Evans Auto L(12%). Fed Lt & Tre ($1%). Fed Motor Tr (80c).. Fid Phen F Ins (2).. 63 First Nat Stores 1%. Fisk Rubber.. Fleischmann (14)... Fleischmann ctfs 14 Florsheim Shoe A Follansbee (12 Foundation Co. Fox Film A (4 Freeport-Texas ( 57% 13% 13% 108% 106% 9% TT% 6% 6l 96 954 96 95 49 49 81% 79% 4Tig 43% 98% 95% 44u 43% G——— Gabriel Snub A. 4 Gamewell Co (5). 1 Gardnmer Motor...... 5§ ‘Gen Am Tnk Car(34) 21 Gen Asphalt 10 Gen Cabl Gen Cable A (4). Gen Cable pf (7) Gen Cigar (4). 4 Gen'l Food Corpn (3) 25 Gen Gas&FELA (e1%) 96 5 4 Gen Mills (3%5). Gen Motors (13.30)..1000 GenOutd AdvA (4). 8 4 GenOutd Ad vic (2). 3 Gen Public Serv(b§) 15 Gen Ry Signal (5) 55 Gen Refrac (14).... 19 Gillette Safety R (5) Gimbel Brothers. ... Glidden Co (m2) Gobel (Adolf). . Gold Dust (234).... Goodrich BF (4). Goodyear Tire (5) Goodyear 1st pf (7 Gotham Silk H (2% Graham-Paige Graham-Paige ct. Granby Consol (7).. Grand Stores (1). Grand Unlon. . Grand Union pf (3).. Granite City Stl (3).. Grant WT (1).....0 Grt North pf (5)..... Grt North pfet (5).. Grt Nor Ore (al %()1. . =N aSe=as e Rulanana -, » PR~aSa Gulf Sta Steel (4)... - EemOpanhaanne~Suns Hahn Dept S pf (| Hartman B (1. Hawaiian Pine (2) Hayes Body b8 % stk. 5 Hoo (R) &Co........ Houd Hersh B (1%). Househd Fin pf (3).. Household Prd (14).. Houston Oil. .. Howe Sound (14%). Hudson & Man (23%). Hudson Motor (5)... Hupp Motor (£2).... - - Illinots Central (7).. 3 Independ Of1 & G (2). Indian Motor Cycl Indian Refining. Indlan Refining c Industrial Rayon Inland Steel (3% Inspiration (4) Interboro Rap o Intercontinental Rul Intl Agricultural. ... Intl Agriprpf (7)... 1 Intl Business M (5).. 8 Intl Cement (4)..... 1 Intl Comb Eng (2)... 129 Intl Harvester (234). 127 Int Hydro El A (e2). 116 Intl Match pf (3.20).. 6 Int Mer Marine ctfs.. 16 Int Nickel of Can(1). 644 Intl Paper pf (7).... Intl Pap & P A(2.40). Intl Pap & Pwr B. Intl Pap & Pwr C. Iatl Pap & Pwr pf(7) Intl Print Ink (2%) Intl Silver.(18). Int Tel & Teleg ( Inter Dept St (2).... Investors Equity(2). 13 ——— Jewel Tea (3). o2 Johns-Manville (3).. 147 Jordan Motor &r‘ 3 Kan City Sou (5). Kayser J & Co (5)... Keith-Albee-O pt (7) Kelly-Spring Tir Kinney G R (1) KKolster Radio. Kraft PhCh (1% Kresge S § (1.60) Kresge Dept Store: 20% 20 % 75 13 12% 104% 102% 91ls 89% 106 104 % 71 T4% 70 48 417 31% 314 84% 81% 121% 119 84% 83 140'; 133% 34 34 58 57% 32% 31% 64% 62% 5% T2% 110% 105% 101% 101% 39 23% 2 12613 124 118 116 20% 294 118'% 117 29 28% 47 45% 04 8 01 ' 80% %91y 66 63% AT4H 4w 864 821 43% 41 144% 144 33% 32% 19% 18% 125% 121 49% 48 86 84 29 28% b5% 53T 89% 89% 73 72! 197 191! 6% 6 Kroger Gr&Bak(c1). 20 L— Lago Oil & Tran: 2 Lambert Co (5). 15 Lee Rubber & Tire. 2 Lehigh Valley (3%). Lehigh Valley Coal.. Lehn & Fink (3)..... Libbey Owens G (4) Liggett & My (16) Liggett & My B (1 Lima Locomotive % Link Relt (2.60).. Liq Carbonic (t4% Loose-Wiles (2.60). . Lorillard (P) Co.... Loutsiana Oil. . LouG&EIA (1%).. Louis & Nash (7). Ludlum Stee! (2. McCall Corp (4) McGraw-Hill (2). Meclntype Pore M( McKeesport T P (4).. McKesson®& Rob (2). McKes & Rb pf(3%). Mack Trucks (6) Mackay Cos pf (4) Macy (RH)&Co(et8). Madison 8q G (1%). - Setnmenen a Man Shirt (2). Maracaibo Ofl Market St Ry pr pf Marlin-Rockw (14 Marmon Motor (4).. Mathieson Alk (e2).. May Dept Strs (4).ve Elumunnalua oy 3 & b e SRR R e Miller ubher. Ainn Moline 31% 31% Murray Corp (a3)... Myer (FE) & Bro (2) # N- Nash Motors (¢ Natl Bella Hess(11), Natl Biscuit (16%).. Natl Cash Reg A (14) 118 Natl Dairy(ell).... 560 Nati Dept Stores..... 1 Natl Distillers...... Natl Distillers pf(7). NatlEnameling (2).. Natl Lead (5). Natl Pwr & Lt - Natl Rys Mex 2d pf.. Natl Supply (18) Natl Surety (6)eeass ada Copper (3) port Co A (3). wion Steel (3) Y Air Brake (3). Norfolk&Watn(110). North Am(b10%stk) North Am Ed pf (6). Nor Ger Lloyd(3.41). Northern Pac (5). Olivr Fr Ep cv pt(3). Omnibus pf A (8). PacificGas& E (2).. 39 Pacific Lighting (3).. 62 Pacific Ol stubs..... 4 Packard Motor (15). 128 4 Packard Mot (new).. 980 Pan-Am Petroleum.. 10 Pan-Am Pete B. . Panhandle P& R.... Paramount-F-L (3). Park & Tiiford (33 % Park Utah (80c) Pathe Exchang Pathe Rxchang: Patino Mines (3.39). Peerless Motor Car.. Penn Coal & Coke. ... Penn Dixie Cement. . Penn Dixie Cm pf(7) Pennsylvania RR(4) People’s Gas Chi (8). Pere Marquette (18). Pet Milk (13%). Phillips Pete (1%4).. Phoenix Hoslery. Plerce-Arrow A. Pierce Oil Pierce Ol Plerce Petrol ceen Pillsbury F1 (12%).. Pirel Pittsbgh Screw & B. Pitts& W Va (6).... Poor & Co (12)...... P Rican Am To (B).. Prairie Oll & Gas Prairie Pipe L (14).. Pressed Steel Car. Proctor&Gamble(3). Prod & Refine; o Pub Sve NJ (2.60)... Pub Sve NJ pf (7)... Pub Sve E&G pf(6).. Pullman Corp (4). Pure Ol (1%4). Purity Bakeries (4). Radio Corp..... Radio pf B (5).... Radio-Keith-Orph A. Railway & Exp (2) Reading (4)... Real Silk Hoslery... Rels (R) &Co,...... Rels (R)&Co 1st(7).. Remington-Rand.... Reming-Rnd 1st (7). Reo Motors (11.60).. Rio Graride Oil (k2). Rossia Ins (2.20).. .0 Roy Bak Pow ctfs(1) Royal Dutch ® B PUNTEL PUUE-) JOPRPIR O Safeway Stores (3 St Joseph Lead (13). St L-San Fran (3)... St L-San Fran pf (6) St L Southwestern. Savage Arms (2) 1H (2).. Sharp & Do pf (3%). Shattuck F G % Shell Tr&Tr( ) Shell Union (1.40)... Shubert Theater (5). Simmons Co (3)....0 Simms Pet (1.60).... Sun O11 165% 13 541 Vadsco Wilcox Yellow 10:30 A.M., 1:30 P.M. pet A nh cash payments based iaration. in stock. 86% Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md, August 21, — Poultry, alive—Spring chickens, pound, 25a31; Leghorns, 23a26; poor and thin, 18a20; old hens, 23a31; Leghorns, 20a24; old roosters, 18a20; ducks, 20a24; Guinea ‘fowls, each, 50a75; pigeons, 511 cases; native t re- pat butter, 40a41. Vegetable * Prices. Potatoes, white, barrel, 1.50a5.25; 100 3.00a3 weetmo “bar- Hay and Grain Prices. ‘Wheat—No. 2 red Winter, 2 red Winter, spot, 1.31 Westvaco Chlor (2). White Eagle Oil (2) White Motor (1).... White Rock M S (3). White Sewing Mach. Yale & Towne (4)... Young Sp&W (12%). Young Sheet & T (5) 2.227.400 ividend rates as gifen in the above tal d Gas & El (334) Stand G & E pf (4)... Stand O1l Calff (13). 6 Stand Ol N J (12)...1026 Stand Ol N Y (1.60). 277 Sterling Sec (A). 74 Sterling Sec pf $1.20. 5 Stewart Warnr(3%) 25 Stone & Webste Studebaker (15). Submarine Boat. (B1).oeuee Superifor Oil. . % Superior Oil (new) Superior Steel. ‘Tenn Cop & Ch (1).. Texas Corp (3). 56: Tex Gulf Sul (4). Texas & Pac (5). Texas P C & Oil (b6). Tide Water Oll(80c). Tide Water Ofl pf(5) Timken Det Ax(80¢). 4 Timken Roller (3). Tobacco Prod 1.40. ob P’rod ctfs 1.40. Tobacco Pr A (1.40 Tob Prod ctfs A1.40. Transcontinental Trico Prod (2%) ‘Truax Traer (1.60) ‘Truscon Stl (21.20).. Twin City Rp T (4).. U Underw-El-Fish(4).. 31 Union Bak & Paper.. 4 128 Unton Carbide(2.60). Union Oil Calif (2).. Union Pacific (10). Utd Aircraft&T pf Utd Biscuit (1.60). Utd Biscuit pf (7). United Carbon. Utd Cigar Stores(1). Ttd Cgr Stor ctfs(1) Utd Corporation.... Utd Corp pf (3)..... Utd Electric Coal(3) Utd Papetboard U S Distributing. US&F U S & F U S Freight. ... U S Ind Aico (6)... U S Leather. . . U S Leather A (4). S Pipe & Fdry (2 ‘orelgn Secur. ‘or Sec pf(6). UUIPwr& Lt A (e2) 17 Vadsco Sales.... Sales pt (7) Vanadium (14). Virginia-Car 6% pf. W- Wabash....... Wabash pf A (5). Waldort Systm (1% ) Walworth (1.20). Ward Baking B ‘Warners Bros P t3% Warn Br P p£(2.20). w-rner-qulnl;n ). Rich(A)2%.. 3 474 Wilcox Rich B (c2).. 122 45% Willys-Over (¢1.20).. Wilson & Co. . 4 35_ 241 Wilson & Co pf. Worthington A. Wright Aero (2 Wright Aero ctf: 2 85 20 38% 24 584 6 1577 Z— Truck & C... Zenith Radio (2). 11 RIGHTS EXPIRE Gen Cigar right: Glidden (rights). 4% Macy Corights...... 34 17% Mont Ward..Aug 26 120 4% Stand Gasrts Aug.31 199 1% U S Freight(rights), 125 Sales of Stocks on New York Exchange. 618,400 12 2:10 P.M. « 2,006,900 - 8,853,500 annual ible on the latest quarterly or half yearly dec- sUDIt of trading less than 100 shi extr Y fBlus 83 in vulerngl P 1 56; No. 3 white domestic, spot, new, 55. Rye—Nearby, 1.00a1.10. Hay—Receipts, none. Season for old hay is about over. A little new crop is arriving, but hardly enough upon which to establish quotations by grades. ‘Where in good order new hay sells at from 13.00 to 15.00 per ton, according to its quality and condition, receipts by truck taking care of most requirements. Straw—Little demand for straw. Re- ceipts generally ample. Wheat ‘straw, No. 1, per ton, 9.00a10.00; oat straw, No. 1, per ton, 9.00a10.00. Livé Stock Market. Cattle—Receipts, 50 head; light sup- ply, market dull; steers, choice, 13.00a 14.00; good, 12.00a12.75; medium, 11.00 on, 9.00a10.75; _heifers good, 10.25a10.75; G‘zun.zs; iy et o et Hogs—Receipts, 150 head; light sup- ply, market higher; lights, 12.20; heavies, 11.00a11.65; medium, 12.25 roughs, 7.5029.90; light pigs, . 10.75; pigs, 11.75; trucked hogs, 15a30 lower. Receipts, 50 head; light sup- ply, market lower; calves, 6.00816.25. ! and shipping of fresh vegetables, fruits and fish at South Boston, Mass, to supply its more than 1000 stores in New England. Financing for the struc- ture, which will be operated by the Massachusetts Chain Store Terminals, Inc., will be in the form of $425,000 first mortgage leasehold 6 per cent sinking fund gold bonds. ‘The Central Vermont Public Service Corporation is the name of the new company formed to consolidate several Insull-owned power companies in that State. The companies involved are the Vermont Hydro-Electric Co., Rutland Railway, Light & Power Co., Public Service Corporation of Vermont, Middle- burg Electric Co. and the Bradford Electric Light Co. Maurice Goodman, vice president and general counsel of the Radio-Keith- Orpheum it in force on July 31 the total insurance amounted to $100,122,085,000. The American Institute reak of August 9, showed sign: of tiring today under the steadily ex panding stream of profit-taking and short selling. Pools succeeded in whirl- ing up about a dozen high-priced in- dustrials and specialties, _including United States Steel common, Union Carbide, Westinghouse Electric and Bethlehem Steel, to new high records, but other recent favorites lost ground, g‘vlng the market an irregular appear- ce. Despite the fact that the bulk of pro- fessional speculative activity was in the high-priced issues beyond the reach of many small traders, the volume of bus- iness was relatively large. Weekly iron trade reviews continued optimistic. Iron Age reported that “a tapering demand for steel is vet to be reflocted definitely in mill operations, which are still at near capacity rate in most districts,” it points out that ship- ments are cutting heavily into backlogs in some lines. Real Silk Hosiery resumed dividends on the common stock after a lapse of two years, and there were a number of favorable earnings reports. Call money was in plentiful supply and‘the rate dropped from 7 to 6 per cent, the lowest rate since August 14, This had & bullish effect on speculative sentiment. There was no change in other monetary accommodations, The market turned heavy in the last hour, with renewed seliing of the pub- le utility and related issues. General Electric and American Telephone each lost more than 6 points. Powerful bull- ish operations in the motors failed to reverse the trend. General Motors was sent up more than 4 points on sales of more than 100,000 shares and Du Pont, which holds a 20 per cent inter- est in the corporation, rose nearly 8, The close was heavy. The market opened with an impres- sive demonstration of strength today. The first sale of Radio was a block of 15,000 shares at 921, up 2. Commer- cial Solvents ran up 5 points, to 502; Westinghouse Electric, 3, to 250, ‘and Commercial Investment trusts, 11, to 19814, all new high records, Union Pa= cific opened 4% points higher, and initial gains of 1 to 2!; points were recorded by United States Steel com= mon, Atchison, Montgomery-Ward, General Electric, International Har- veivterumgd ®astman Kodak. all Street apparently was please with the announcement that. the mtig of Stock Exchange member borrowin; to listed share values dropped from 9.15 per cent on July 1, to 8.87 per cent on | August 1, when the market value of all | stocks totaled $83,232,792,083. The an- nouncement that total legal reserve life insurance in force in the United States Ead reached the $100,000,000,000 mark several months sooner than expected also had a bullish_eflect on sentiment. Rails came to the fore in the early trading as a result of the unusuaily fay reble July earnings statement vow be- ing published. Baltimore & Ohio, Erie common and Pennsylvania all moved into new high ground for the year. Commercial Solvents quickly extended its gain to 7 points by touching 504 and Eastman Kodak to 43; by touch- ing 2093, both new high records. United Aircraft moved up 3'% points and Radio advanced to 93. One block of 12,000 shares of Standard Oil of New Jersey changed hands at 707, off 15, International Telephone, which ran up more than 10 points vesterday, fell back 2 points on the first wave of real- li:enl: nn(éalzj}fl"bian‘ gar:)nn. Allis Chal- 'S eneral Railway Signal alsq yielded 1 to 2 points. S Foreign exchanges opened firm, 1 ith ,[steflinpg cables ruling 3 higher at | 548 % | — rE T il METAL MARKET. NEW YORK, August 21 (#).—Cop- per steady; electrolytic, spot and future, 18. Iron steadv: unchanged. Tin eas; spot, 46.50; future, 47.00. Lead stead: | spot, New York, 6.75; East St. Loul 6.55a6.57. Zinc steady; East St. Lous J{spot and future, 6.77a680. ~ Antimony, First Mortgage Loans Fair Rates of Interest J. LEO KOLB 923 N. Y. Ave. Dis. 5027 | First Trust Notes | at 6% interest {] for sale at par and accrued interest "|| Tyler and Rutherford, Inc. 1520 K Street National 0475 The Mutual Invest- ment Trust has been making money for others steadily since 1926. Why not let it do as much for you? Booklet No. 6 on request Marlow-Beech Corp. 1732 Connecticut Avenue Potomac 6167 Every $1,000 Guaranty Bond Earns $60 a Year Safety of Principal and’ Interest, plus a liberal in- come, are the chief reasons why Guaranty Notes and are preferred by™ investors. - |” 6% INTEREST ”L properties in BSecured on income- producing .Washington and itz suburbs and backed by aur $3,400,000 resources. Convenient montnly + payments if desired. Send for Booklet, The Success Plan . A REALESTATE MORTGAGE & GUARANTY i : 24 JACKSON PLACE -