Evening Star Newspaper, August 29, 1929, Page 15

FINANCIAL. THE WLBINSGAN | e o BONDS oz IN HEAVY BUYING Mortgage Issues Also Bid Up. Foreign Group in Narrow Limits. BY CHARLES F. SPEARE. @becial Dispatch to The Star. NEW YORK, August 20.—The bond market departed from its recent routine in making as its leader one of issues rather than a con- On very heavy transactions the 5 per cent adjustments of the Chi- cago, Milwaukee & St. Paul system were bid up 2'; points to a new high price. ‘This represented a recovery of over 10 points from the low of the year and was in sympathy with the pronounced strength in St. Paul stocks. While the adjustments have been advancing the mortgage issues of the road have been heavy, with the 4'; per cent bonds off today a point and not much improve- ment in the general gold 5s. Other railroad bonds to show a strong tone were Atchison convertible 4%2s, with an advance of 4 points to a new high record, and Southern Pacific 4%3s, which duplicated their previous high and were 9 points above the level to which they dropped earlier in the S8um- mer. Junior rails, such as Denver & Rio Grande and Western 5s, Seaboard Air Line adjustments and Missourl Pa- cific 5158, were fractionally higher. ‘The long-popular telephone converti- bles moved within a narrow price range. The International 4!,s were the strong- er of the two, gaining about 2 points. while the American convertibles lost a point. General Public Service 5),s de- clined 1';, while Commercial Invest- ment Trust 5%, rose about & point. Conditions in the department of for- eign dollar bonds were about as they had been recently, with markets very narrow and a wide spread between bid and asked prices. German issues con- tinued heavy, with other continental obligations failing to reflect the latest and more satisfactory phase of the reparations situation. In the outside market foreign issues are also under pressure and show sharp declines when urgent selling appears. Due to the falling off in earnings in sugar traffic. the 6 per cent first mortgage bonds of the Guantanamo & Western Railroac Co.. which were sold in January, 1928, to the public at 97, are now quoted at 50. United States Government issues were quiet, with some of the short maturities showing a slight reaction due to the higher money rates and the withdrawa} temporarily of the Federal Reserve from this market, which it has been support- ing recently BERLINER-JOYCE GETS FIVE AIRCRAFT ORDERS The Berliner-Joyce Aircraft Corpor- ation of Baltimore. of which Henry A. Berliner of this city is vice president in charge of production and Joseph H. Himes of this city is a dir-~tor, has Government t In ary program, the company is starting pro- duction on & new type of commercial plane, the principal feature of which will be the wing location. The first of these planes was flight-tested last week. The plant is at Dundalk, Md. Washington Stock Exchange SALES. Capital Traction 55—3$500 at.94', Washington Gas 6s A—8$800 at 101'}, $400 at 101, $500 at 102. ‘Washington Gas 6s B—$100 at 103’3, 2500 at 104'4. Wns?lnmn Rwy. & Elec. 4s—§500 at 85%. Capital Traction Co.—10 at 93%, 10 at 9815, 10 at 9315, 20 at 938, Potomac Elec. 67 pfd.—10 at 112'5. Potomac Electric 5'2% pfd.—1 at 107, 5 at 107. Washington Rwy. & Elec. pfd.—30 at 8, 20 at 98. Federal-American National bank—4 at | 329, Mergenthaler Linotype—10 at 105, 20 at 105, 3 at 105. Peoples Drug Stores pfd.—10 at 12414, Real Estate Mtge. & Guar. pfd.—40 at 735, 50 at 73, ‘Woodward & Lothrop, pfd.—20 at 107. AFTER CALL. ‘Washington Gas 6s A—$300 at 10174, Capital Traction Ce.—10 at 93%, 20 at 93%,. Potomac Electric 5'3% pfd.—5 at 107, 2 at 107, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Tel. & Tel | & T ofter. Amer s . el Capital Tra: ity & Suburban 5¢. Georgetown Gas 1st'5s e < 5% 'MISCELLANEOUS. Barber & Ross, Inc. 6'is Cham.-Vanbi M Cons. Title Co. 6: PUBLIC UTILITY. American Tel. & Telga. . Capital Traction Co. . Washington_Gas .. Norfolk & Wash. Steam! Polomac Electric 6% pfd. Potomag Elec, $%7% prd NATIONAL BANK. National Capital Columbis Commerefal District iberty incoln . National ink of Washington ‘TRUST COMPANY. American Security & Trust Co. : J N-{foml Savings Union Trust ‘Washington Loan & Trust . SAVINGS BANK. Bank of Bethesda . Commerce & Savins East Washington.... . Potomac Security Bavini Seventh Street...... .. United State; Washington Mechanics'. . PIRE INSURANCE. i Second’ National Ba Col. Bommerae "Mite. Cord istrtct National Becurities pid. jeral _8to; 2t meriy 0. com..... Jrdéral-Amer pid nston Monotype. Merchants' Trans. & Storage. .. erchants’ Trans. & Stor td ergenthaler Linotype. 1 atl. Mtge. & In v, Peopies Drug Stores pi ool Est. Mige. & Gun 1 10815 105'2 Ty 3 h. E [ed| V Waadwar: “Bx dividend. UNITED (Bales los. 37 14 1 55 1 11 Lib3% Lib 181 USds 1944 US4eyss2. are in STATES: 2,000.) High. Low. Oloss. ¥719 9716 ¥7 1w 9830 v: 5 9825 0228 1 0621 106 26 | 21 108 21 FOREIGN. Sales. Migh. Argentine 6sJu 69.. Argenti; Oct 59 Argentine May ‘61. Argentine 6s A . Argentine 6s B Australia 438 56. . | Australia 58 1955. . | Australia 55 1957.. Austria 7s. Belgium 781955 Bordeaux : Brazil 613 Brazil 7s Brazil3s.... Bremen State 7s. Canada 55 1931 Canada 55 1952 Chile 65 '60 Chile 6561, . hile 7s 194 Colombia 6s J. Con Pow Japan 7s. . Copenhagen 4%s 53 Copenhagen §sct... Cuba 5% Denmark 514 Denmark 6s. . Dutch East I 68 47. Dutch East I 65 62 El Salvador 85 48 Fiat 7s x war "46... Finland 575 Finland s f 65 45 Greek 68 1963.. Haiti6s. .. Italy 5 Italian Pub 87 Japanese 45 Japanese 3 Kreuger&Toll 68 ct Mar; Netherlands 6s 72., [Nerd 6. . Norway 55 1963. Norway 53s. Norway 68 1943, Peru 6x1960. . Peru 65 1961. Peru 7, Rio Gr do Sul 65 43. Rio Gr Do Sul 8, Rome 6%48. . San Paulo City 8s., Sao 10 8= 193 Saxon (PW) Seine 7 43... Serbs Cr Slav 7, Serba Crot Slo 8 Soissons 6s. Sweden Rweden 6s. Swiss 51351946.... Swiss Confed 8s.... Toho Fl Pow 7 Tokio 5% % 1961. Utd Kingm 5% 3 Uruguay 65 1960. Uruguay s, Vienna 685 Yokohama 63 Abram&Straus 58 Alleghany 5s 49 wi. Am Chain 68'33.... Am Chem 5% 5 cv 49 Am NatGas 648 42 Am Smit & R 1st b8 Am Water Wks 5s.. Aromur&Co41;3s39. Arniour Del 5338... AtI Gult 55 59 | Atlantic Refin Bell Tel Pass B. | Rethlehm St1 pm b8 | Reth Steel rf Beth Steel 5348 53. . Rethlehem Steel 68 klvn Edison 5s. .. Bush Term Bldg 58 Chile Copper 58. ol GAF] 5s May 32 Com Invest 53! Com Tnvest 6 " Con Coal Md 58 Guba Cane 85 Cuban Am Sug 8s.. Den Gas 5s. . | Det Edison 58 40 Det Edison Dodge 6=. Donner St Duquesne 4345 Humble Ol 5s. . Humble O& R 5 Tl Bell Tel 6x..... Ind Steel 5s. .. Intl Cement 5548 ntl Match 5= 4 Int Mer Mar 68, Inter Paper 6s. Int Tel&Teleg 4% . Kan City P& L 6 nG&E6sb1. dalls s 48 w: | Laclede G 538 52.. Lautaro Nitrate és. Ligzet&Myers 5851 Toew’s 65w o war. . Torillard 6s. Lorlillard 5%« | Lou Gas & EI b: ! Manati Sugar | Midvale Steel bs. Montana Pw deb 5s at Dairy 54s . Y Edison 6%s. . Tel 4%4s. T Pan Amer Pete Paramount 6s 1947. Pathe Exchange 7s. Peoples Gas bs { Phila Co s 67 Phila & Read Philips Petro 5% s Pierce-Arrow 8s. Por Ric Am Tob 65. Postal Tel & C %8 Punta Alegre 7s. . . RemingtonAr 85 33 Rem Rnd %= war. Richfield OI1 6544 Sinclair Oil 8s..... 69 a7 17 Alleghany Cp 58’44 = Am Int Cor 51,5549.21: 116 49 256 29 Low. Olose. 994 u0% 90 100 99% 994 99 99 9913 994 £% 8l 91l 9 b 9% 108 10 24U 9% 9% 9K 100 100 105 108 107% 108 105'% 105% 1148 1144 1077 1077 a2 K20 9 99 99 100 S8l 38% 9 R 105 105 99% 100 100% 100% 102% 102% 89l 891 25 i 2 Yo% 1084 83 99%% 100 1035 1031 102% 1024 102i 1025 107% 851 B9 S04 98y 98y 102% 102% 109% 1094 111% 111% 891 89U 105% 1054 99 100 101% 102 99% 100 844 10115 1021 944 9t 991 98% 102 102 10:% 102 100% 100% 831 83% 99% 9% 102 102 95% 957 . - coaBualur —er o eRFued » Calmanan—uan 102% 102% 103 103 105 105 1054 86's 109 1 86 109 1028 102% 102% 102% 102% 1028 107% 1074 964 964 844 3 101% 1024 551 9540 108% 108% 85% 86 04 - TBmnnRoamniTans MISCELLANEOUS. 18 110% 110 110 4 109% 108% 1094 108% 1094 8 99 118 118 113% 116% 80 81 1oL 101 103 103 216 217y 101% 1018 102 102 105 105 99% 997, 89 & 85 85 9N 12 100 100 10 99 59 119 5 101 10 103 9 105' 1wt 103 104% 104% 10215 1025 92914 991 934 931a | 5 6% 96% 97 108'5 105 10615 5 65 10055 10415 997% 100 57% 5% 57 574 9 99% 98% 98 101 101 108% 106% 100 100 101% 101% 96 96Y% 87% 90 96% 96% 101% 101% 10i% 101% 106% 106% 20 90% 90 9 997 18 10015 7102% 2 104% 30 1005 94 7 100% 2 8815 25 90 10044 100% 10215 102' 104% 104% 99 100 Int Tel&Tel 475% cv 438 215 1101 2 102% 5 92 3 102 36 100 41001 102% 102y 2 92 102 102 99% 9% 100% 1004 934 9315 &1 1 87 87 99% 100% 80% M0% 9% 99% R 984 2 7% 1191 31 96% 96 53 108% 107% 108 8 B9t R9% 89% 8 109% 109% 109% 91 96 96 90's 27 98 8 102% 9014 ’IS'nl ¥ 102% .+ Close. 98% 101% 64 92! Sales. High. 12 98% 101% Sin Pipe Line 5s. Southwest Bell Transcont] Oil 634 United Drug 68 53.. U S Rub 1st rf bs U S Rub 7%s. U S Steel s f 8. Utah Pow & Lt 58 Utilities Powr 5% Walworth 65 '45 Walworth 618 35.. War Quinland 65 '39 Warner Sug 7s 29 Warner Sug 7s 41.. West Elec bs. Westn Union 5s 51. Westn Union 63%s., White Eagle 05%. Willys-Ov 6% 3 Wilson & Co 1st Win RepeatAr 7Y Youngstn S & T 5s. 52 RAILROAD. Atchisonadj4s.... 1 B7% Atchison gen 4x.... 11 9! Atch deb 4348 43, 193 1647 Atl & Dan fst 4543, Atlantic C L 1st ¢s. B&OGold 4s B&Ocv4lis B & O 5s 2000 we= 2ralounonnumnaEe Can Pac deb 4s. Can Pac 42548 Cent of Ga 55C 39. . niral of Ga 51z 8. Cent Pac 1st 58 90. . Ches & O Corpn bs. es & O 415593 A, 1 & Alton 3. ... &Q4%sTTB CB&QIstrfbs... Chi&E 11l gn 5s 61.. ChiGt West 4559, CM&StPGenss., CRIM&StP41;5C8 Chi M&StP 448 E. . | MIISP&PacEs?5 3 CMSP&Pac adj5s03 682 ChiN W 4155 2037.. 25 Chi & NW ref 5. Chi & NW 7, ChiRys5s8........ Chi RI&Prf4s... ChiRT&P 4%s. “hi T H inc 65 60 { Chi Union Sta 55 44 {Chi & W Ind cn 4s.. C&WI5slz862 Clev Term 5=. Cuba RR74%..... Cuba Nor 538 cts. . Del & Hud 1st rf 48, . Del & Hud 75 30. Den & Rio G cn 4; D Rio G West 5 Erie 1st cons 45 Erie Gen 4s. . Eriecv5s67.... ErleconvEx 7s Fla EastCés 74.... Fonda J&G 4%s 52, 3; Ga& Ala 1st 5s45.. Gr Trunk st db 6s. . Glt'lnd Trunk 7s. . %e 35 & 100% 99 kL 881 1074 101 8R4 20 £0% 8 1 2 Hud&Man ref 11 Cent 4% s 66 111-C-C-SIL&NO Int Rapid Trans bs. Int Rap Tr 58 stpd. Int Rapid Trans és. Int Rapid Tran, Kan City S 3s Kansas City 8 b Kan City Term 4s.. Take Shore 4x31... Lehi Valen 4 Louis&Nash Market St 78 40.... 1 Mill El Ry&Lt 41 MilEIRy & L 5s 61. Minn & StLref 4s.. MK&T st 4 MK&Tprin MK &T adj bs. Mo Pacific gen Mo Pac s A 65 Mo Pac5sF 77. Mo PacbsG 78 MoPacb%s4devt. J Nassau El 4851, ¢ Cenrfbs...... & StL5%NA. 1 1 1 i 1 3 1 7 2 8 0 6 2 1 2 5 5 2 5 1 1 8 3 18 1 20 6 S o W&B4lhs.... 15 2 13 2 Penna con 4%s Pennu ~en 4138, Penn:: 435 63 Pere Marq 1st 55 Port EI P L 6s. Reading gen 4 RIArk& L 4% StL IM&Sgn5s31. 18 StL IM&S R&G 4s.. 12 SIL&SFplisA.. ISIL&ESF41;878., 60 StL&SFoprinbs. StLS W st 4s StL 'S W con 45 San A & Arn P 4s Seab AL 4s sta Seab AL ref 4s.... Seab AL adj5s49.. Seab AL con 6x. ... SBAIIFla6s3s A, Sou Pac 4 29 Sou Pac clt 4s. Sou Pac ref 4s. | Sou Pac 4345 reta. - i i Sou Pac 4% s 69 ww 246 Sou Ry gen 4 Sou Ry con §: Sou Ry 6%s... . Tex Atk FS 53850 3 Tex & Pac bs B 1977 25 Tex &Pachs C79.. 27 Third Averef 42 60. 31 Third Aveadj 5s 1 Union Pac st 4 Union Pac 4s Union Pac 4,5 67. . Virginia Ry 1st §s. i 2 1 3 i 5 3 2 POTATO MARKET. CHICAGO, August 39 (P).—United States tatoes—] 83 cars; on track 265, total United tes shipments, 592.cars; ¢ mand fair, market steady: Wisconsin sacked round Whites, 225 to 2.60; sacked Triumphs, 2.35 Ohio’s, 2.00 to 2.10; Idaho, sacked Rus: sets, 3.00 to 3.1 5 l PRt Ly EVENING STAR, t of Amml"«\“'e—l’fl'l‘Commminn for Wednesday, sacked early Trun, , will have an t cus- Spain, alrpor BRITAIN IS GAINER AT HAGUE PARLEY Snowden’s Diplomacy Tri- umphs in Battle of Wits Over Reparations. BY JOHN F. § Special Dispatch to The Star. NEW YORK, August 29.—Philip Snowden, the pale-faced little cripple, has won. ‘The British chancellor of the ex- chequer will receive $9,600,000 more an- LAIR. Of this amount around $8,640,000 is to by the other creditor powers. So “Snowden, spidery and livid and ) implacable,” receives for Britain about | 80 per cent of what he demanded. In addition, Britain will receive around $22,000.000 annually in uncon- ditional annuities. Under the Young plan, as drawn, she received practically nothing. But this is not all. Britain’s coal in- dustry is at a low ebb., She needs more purchasers abroad. 8o the Italian state railways have agreed to buy a million tons of coal annually from Great Britain for three years at the top ex- port. prices. Yesterday it looked as if Snowden had lost. The “other allles’” big men began packing their portfolios preparing for departure. Such tactics are often It was the old game of bluff. But the thin, small, lame Snowden remained firm. He refused to give in. They of- fered him 60 per cent of his demands. . | He scorned fit. 8o Snowden leaves The Hague the victor man. He has increased Britain's prestige tremendously. Henceforth he must be reckoned with as one of the strong men of Europe. All this, of course, is subject to Ger- many’s -gprovnl, But Germany, faced with the huge Dawes payment on Mon- day should the Young plan fall, will agree eventually. Europe leaves The Hague facing the ;e:mm of life—paying for & war is no joke. Every student familiar with French conditions realizes that in the retire- ment of Premier Raymond Poincare France has lost her most war leader. For to Poincare must be given credit largely for France's marvel- ous recovery from a currency debacle of major proportions. ‘When he took control of the govern- | ments the franc was performing breath- taking gyrations daily. It dropped from the old value of around 19 cents to 2 cents. It was headed for the bottom- less pit, like the old German mark. France's whole !l\nln‘rlll structure WAS & sorry spectacle of litical an financial incompetence. 2 Poincare changed all this. He brought order out of chaos, fought every cred- itor off temporarily, built up huge sur- pluses of credit reserve in other prin- cipal money centers in the world and, if the truth be really told, came out of the post-war deflation in a more substantial way than any other of the major countries of Europe. Prance is an importing country— that is, its tendency is to buy more than it sells. So the importance of bullding up credits abroad can scarcely be_overemphasized. Its record in foreign trade for the first half of 1929 shows an adverse bal- ance of more than five times as big as in the preceding year. E. A. Masuret reports from the Paris office of the United States Department of Commerce that France's adverse visible balance in foreign trade for the first half amounts to 5.912,000,000 francs. as against 948.- {000,000 franes in 1928. The excess of imports over its exports for the entire year of 1928 amounted to only 2,101,- 000,000 francs. Putting it another way, the figures show a 17 per cent increase in the value of imports this year over last year for the first six months and 20 per cent in the quality of merchandise imported. | Its exports, on the other hand, de- clined 2 per cent in value and 42 per cent in quality. So France's efforts during the next decade will be spent in expanding her “invisible” exports—that is, building up those credits in industry and banking which will enable her to pay for the surplus of her purchases abroad over her sales abroad. In a nutshell, this is the big problem of France—in the fleld of business. “What is the job of the Federal Trade Commission?” asks a Kentucky reader of this column. It would take a column to reply to this query, for the Federal Trade Com- mission is doing an entirely different kind of a job now than it did 10 years age. But let me give an illustration of one task it did this week. A cigar manu- facturer who makes his cigars in an- other city than Tampa, Fla., has been using the label mpa, " on all his cigars, for this Florida city is Amer- ica's cigar center. The Federal Trade Commission com- plained to this manufacturer that such a label was a deliberate misrepresenta- tion and could not be allowed. So the manufacturer has just signed a stipulation with the commission agreeing to cease and desist from in- cluding in the label for his cigars the words “Tampa, Fla.." either inde- pendently or in connection with other words, so that they will imply that his cigar is made in Tampa, Fla. Every week scores of such decisions are reached without resorting to ex- pensive litigations to enforce decrees. Such work naturally receives the unanimous support of all responsible advertising agencies in the United States. But the real work of the commission is something far bigger than this. Some day soon I will write a special story about it. | ‘The Federal Reserve system com- piles each month a statement of the { volume of business done by the de- partment stores of the United States and compares it with preceding years. To be exact, in making the compila- tion the Federal Reserve receives con- fidential information from 523 depart- ment stores located in 229 cities. For the first seven months of this year the sales in the aggregate were 3 per cent larger than for the first seven months of 1928. For July the increase in the aggregate over last year's July was also 3 per cent. Among the larger cities showing an increase in sales were San_Francisco, New York, Cleveland, St. Louis, Kansas City and Richmond. Chicago and Boston just about held their own, while . Minneapolis, Atlanta show a slight decrease. There is one slight qualification to these comparative figures. July of this year had 26 business days, while July of last year had but 25. * (Copyright, 1929. by North American News- Paper Alliance.) . Bus Hearing Scheduled. BALTIMORE, Auf\ut 29 (Spgelal). — Hearing on the :{ml ication of the Penn- sylvania General Transit Co., intrastate permit for the transportation of passengers between the Maryland- Pennsylvania State line and Baltimore, Md., via Silver Run, Union Mills, Westminster, Finksburg and Relsters- town, has been set by the Public Service Septem- ber 25. NEW SECURITIES. NEW YORK, August 29 (#)—New securities offered today include: Mallory & Co., Inc., 20,000 shares no par common stock. Offered by E. H-Rollins & Sons. (Stock sold + before public announgement made.) nually than the Young plan allowed. ! be guaranteed in the form of annuities | used in diplomacy—and in business, too. | luable post- | upon | Philadelphia and | WASHINGTON, D. C, 1 | | { duction. d iy ! | | I i | | ! confectioners. Business Notes By the Assoclated Press. NEW_YORK, August 29.—The Na- tional Railway of Mexico has ordered 2,000 freight cars from a Chicago manu- facturer. ‘The majority of the silk firms in New York will close Saturday, August 31, preceeding Labor day, it was shown in answers to a questionnaire sent out by the Silk Association of America. Clarence L. Collens, president of the Reliance Electric & Engineering Co., of Cleveland, has been appointed fo the board of dijectors of the Ameri- can Standards#Association. He is a vice president. of the National Electri- cal Manufacturers Association, MAJOR FOOD PRICES SHOW FIRM TREND Prospect for Reduction in Values This Winter Is Held BY J. C. DOYLE. Special Dispatch to The Star. NEW YORK, August 29.—Those who anticipate a drop in meat prices this Autumn are likely to be disappointed. Careful survey by live stock men and packers, taken in conjunction with re- ports of agents of the Agricultural De- partment in various live stock sections, indicate that prices for cattle, hogs and sheep will be well maintained, and that packing house products wiil be equally strong. The Spring pig crop, according to figures of the Department of Agricul- ture, was about 4,300,000 head less available for slaughtering or breeding than was the case in 1928. Moreover, there is a close effinity between hogs and corn. Corn has suffered from the drouth In many sections, although the hot weather has advanced the crops so that there is a minimum danger of frost. However, there are indications that corn prices will be fairly strong, at least, and that this will aid in keep- ing meat prices well up to present levels. In view of the drop of 8 per cent in the pig crop last Spring, there is no rush to send hogs to market, and no violent flood of pork is likely to upset prices. Of course, if corn prices rise abnormally, so that it would not pay to feed hogs, there may be a rush to market later, but this is dependent | largely on the weather and the way it affects the corn crop. So far as cattle are concerned, the ranges are dry and brown in many of the grazing States. Water holes are Jow and the number of cattle that will be fit to market this Fall is limited For the first seven months of this year, according to the figures compiled by standard statistics, total hog packings declined 40,000, flfl‘rounds_ as compared with last vear, and 100,000.000 pounds of lard, but while consumption also de- clined it did not fall so heavily &s pro- ‘The higher grades of becf ave been in rather slim demand. but rices, for beef cattle, while slightly Power ‘than a year ago, are still high and likely to remain so. of both cattle and sheep raisers has been improved by the better demand for hides and wool. Producers of food products other | than meat do not seem likely to suffer from price alterations downward. The improvement in wheat prices has had its natural reflection on flour which during much of the year has been at prices most advantageous 10 bakers and Sugar has also been at low levels, but this commodity probably will not alter much until final tariff action on the commodity is taken. One fact stands out: That is that the protein and gluten contents of 1920 Wheat is such as to make the zrain very valuable to millers. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md.. August 29.—Po- tatoes. white, barrel, 1.50a5.00; 100 pounds, 2.50a3.25. sweet potatoes, bar- rel, 1.75a5.00 100, 3.00a4.00: beans. bushel, 1.25a1.60; cabbage. ham- | 100, 3.00a4.00: .50: corn, dozen, 10a hamper, 65a1.00; €gg- 25a40; lettuce, create, 40a7: carrots, plants, hamper, 1.5024.00: lima beans. hamper, onions, hamper, 90al.15; pepper: per, 20a25; peas, basket, 1.00a1.50; squash, hamper, 15a35; tomatoes, ham- per, 30a45; canners' stock, bushel, 75a 90; apples, bushel, 1.00a2.00; canta- loupes, hamper. 25a90; crabapples, basket. 25a40; damsons, bushel, 1.50a 00; peaches, hamper, 35a60; pears, hel, 2.00a3.00; watermelons, 30a40. Dairy Market. Poultry, _alive— Spring__ chickens, pound, 25a32; Leghorns, 23a27; poor and thin, 18a20; old hens, 23a30 horns, 20a23; old roosters, 18a20; ducks, 20a22; guinea fowl, each, 40a65 pigeons, pair, 25. Eggs—Reccipts, 1.403 cases: native and nearby. firsts, 37a38: current re- ceipts, 34a35; hennery, whites, 40a43. Butter—Good to fancy, creamery, pound, 41a45; ladles, 33a35; store pack- ed, 30a30'z; rolls, 31a32; process but- ter, 40a4dl. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, spot. 1.35: No. 2 red Winter, spot 1.31%4; August delivery, 1311;: September delivery, 1.311;; No. 3 red Winter, garlicky, spo*, 1.273,. Bag lots of nearby, none. Cargoes on grade—No. 2 red Winter, garlicky, 1.303;; No. 3, 1.2715. Corn—No. 2 export, August delivery, no quotations; No. 2 _domestic, yellow, 1.20a1:21; cob corn, 5.75a6.00 per barrel. Oats—No. 2 white domestic, spot, new, gi':; No. 3 white domestic, spot, now, 4. Rye—Nearby, 1.0021.10. ‘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. When 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, 9.00210.00; oat straw, No. 1, per ton, 9.00a10.00. Live Stock Market, Cattle—Receipts, 700 head; good sup- ply, market steady; steers, choice, 12.75a 13.75; good, 11.75a12.50; medium, 10.75a ; common, 8.75a10.50. Heifers, 10.75a15.50; good, 10.00 5; medium, 8.50a9.75; common, 6.50a8.25. Bulls, choice, 9.0029.75; fair to good, 7.7588.75; common to medium, 6.75a 7.50. Cows, choice, 8.00a9.00; fair to gun%ds. 7;400“.00; common to medium, .00a. vailing inter Joseph 1. Weller THE IDEAL lNVMENT g “Trusteed Shares” An_actual ownership in the com- mon stocks of 100 leading American Corporations i The original investment increased in market value over )% from May. 192! July, 1929, and received divie I;ldl for the wmglm r end- ed ly 18, l'o’;.r:l 'b. rate of 9%. The Standard Collateral Shares Corporation Metropol 3783, Woodward Bldg. Invest in First Trust Notes Yielding 6% Interest Money to Loan on Real Estate J. LEo KOLB 923 NEW YORK AVENUE DISTRICT 8027 The position | THURSDAY, AUGUST 29, -1929. EGGS ARE HIGHER AT D. C. MARKET Chicken Prices Lower, Other Commodities Show . Little Change. ‘The principal variation in the local wholesale market today was in the price | of eggs, which manifested a decided | rise. Both hennery eggs and fresh se- | lected eggs went, up about 3 cents. ! At the same time= chickens were slightly lower than yesterday. Current recelipts in eggs jumped a cent. Hennery eggs increased in price from 40 and 42 cents to 43 and 45 cents per dozen, while the range in price of fresh selected eggs was narrowed from 33 to 40 cents to 38 and 40 cents. Today's Wholesale Prices. Butter—One-pound prints, 44'2a45; tub, 431;a4415; store packed, 29239. Eggs—Hennery, 43a45; fresh selected, | 38a40; current receipts, 34a35. Poultry, alive—Turkeys, hens, 35; toms, 33; Spring chickens, large, 31a32; medium. 30; small, 30; Leghorns, 26a27; fowls, 28; Leghorn fowls, 21a22; roost- ers, 22; ducks, 15a20; keats, young, €0a 70; old, 35240. Dressed—Turkeys, 38a 40; medium, 37a38; small, 35; Leghorns, 34a35; fowls, 34a35; roosters, 26; ducks, 28a30; keats, 90a1.00. Meats, fresh killed—Beef, 2415; veal, 24a26; Jamb, 30a32; pork loin, 34; fresh hams, 28a30; fresh shoulders, 22; smoked hams, 30232; smoked shoulders, 20a22; bacon, 28a30. Lard, in bulk, 14; in packages, 16. Live stock—Calves, 14';a15; lambs, 13. | Fruit and Vegetable Review. The daily market report on fruits and vegetables (compiled by the Mar- ket News Service Bureau of Agricul- Colorado jumbo flats, 12s and 15s, sal- mon tints, 1.00a1.15; mostly 1.15; stand- ard flats, 12s and 15s, salmon tints and | pink meats, 90a1.00; few high as 1.10. Miscellaneous_melons—Supplies moder- ate; demand light, market steady; Cali- | fornia Turlock section jumbo, crates | honey dews, 8s to 12s, 225a2.15; 58 to| 65, 2.00a2.25; few lows as 1.75. | Lettuce — Supplies of Western stock | moderate; demand moderate, market steady; California, crates Iceberg type, 4-5 dozen. fair quality and condition, | 4.00a4 50; Colorado, crates Iceberg type, 4-5 dozen, fair to ordinary quality and | condition, 3.00a3.50. Eastern stock — Supplies ~ liberal: demand moderate, | market weak: New York, 2-dozen crates | | Big Boston type, 50265. H |~ Onions—Supplies_moderate: demand | light, market dull; New York and Mas- sachuscits, 100-pound sacks. vellows. | l U. S. No. 1, medium to large size, 2.50a 265, | * Peaches—Supplies moderate; demand ! | moderate, market slightly ~stronger: | Maryland, Virginia, Pennsylvania and | | West Virginia, bushel baskets, Eibertas, | U. S. No. 1, medium to large size, 1.50a | | 1.75; soft ripe low as 1.25; small-size | !soft’ ripe, 1.00a1.25; bushel baskets | Hales, 3-inch’ minimum, U. §., No. 1,1 {fine quality and condition, 250, few | | higher; 23z-inch minimum, 1.7522.25. | “Pears—supplies moderate; demand | light, market about steady; California, | FINANCIAL. First Trust Notes at 6% for sale at par and accrued interest Tyler and Rutherford, Inc. 1520 K Street National 0475 ComrLETE FINANCING Ist & 2nd TRUST MONEY On homes, apartment buildings and busine: propert; No appra; fee. Prompt service. Real Estate Mortgage & Guaranty Corp. 24 Jackson Place Natl. 1403 A Complete Investment Service We Invite Applications for FIRST TRUST LOANS on Improved Property in Periods of 3, 5 or 10 Years And we predict your supreme satisfaction in our eficient han- dling of the matter, most eco- mnomiceily and with the minimum BoésmrHELPS Fonnded 1907 1417 K 8t GiLLeT & CO. BANKERS INVESTMENT BUILDING WASHINGTON, D.C. Telephone, National 2460 nal 9300 G. M.-P. MURPHY & CO. New York WASHINGTON Philadelphia Richmond London MEMBERS New York Stock Exchange \Washington Stock Exchange Richmond Stock Exchange New York Produce Exchange ew York Curb Exchange Copy of our “Fortnightly Review” om Request 1508 H Street Connecticut at K National 9600 Private Wires and Telephone to New York | boxes, Bartletts, No. 1, mostly 3.75, few | {low as 3.50. i | Potatoes—Supplies moderate; demand | light, market steady: New Jersey, 150- | pound sacks, Cobblers, U. §. No. 1, 5.00a | i5.25; Pennsylvania, 100-pound sacks. | round whites, U. S. No. 1. 3.40. | Sweet potatoes—Supplies moderate: | | demand light, market steady: North' Carolina, cloth-top barrels, vellows, No. | I, 4.00a4.50; small size low as 350: {East Shore Maryland, bushel hampers i mostly around 1.75; bushel hampers, | | yellows, 1.65a1.75. i Watermelons — Supplies moderate: demand _light, market steady; West | Shore, Va., various varieties, select, | 40a60; primes, 20a35 each. | String beans—Supplies liberal; de- | mand light, market dull; Virginia, Nor- | | folk section, and East Shore. Md., bushel | hampers, green, 1.25a1.50; ordinary | quality and condition, low as 1.00: Vir- ginia, Norfolk section, 50-peck hampers, green, 1.50a2.00; mostly around 1.75. | Lima beans—Supplies liberal; demand | 5; | light, market steady: East Shore, Md., bushel hampers, mostly 1.50. Peas—Supplies moderate; light, market dull; few sales; Colorado, 45-pound crates, some fair condition, | 2.00a2.50; poorer. low as 1.50. Apples—Supplies liberal; demand | | light, market steady: Virginia, Mary- land and Pemmsylvania, bushel baskets, | | Grimes, U. 8. No. 1, 215 inches up, 1.75; | | few higher: U. 8. No. 1, 2’3 inches up, | | lB;:;xwins and Rhode Island Greenings, | | | il Send for our new booklet || “The One Best Investment” Ask for Z-39 DETWILER & Co. INCORPORATED Financino_—Enoineerino—Management of Public Utilities. Offices in principal citiex #12 Investment Blds.. Washington. D. C. ‘ SAFE FTR ST MORTGAGES I | I | RECOMMENDED BY CONSERVATIVE ADVISORS Ask of any financial authority —and you will receive full endorsement of our 6% FIRST MORTGAGES Ower a Thivd .of a as an investment. Devoid of any speculative element; fixed in liberal interest; and fully secured in principal. Century Without a Loss AMay be purchased in amounts from $250 up. B. F.. SAUL CO. National 2100 925 15th St. N.W. THERE IS NO' SUBSTITUTE FOR SAFETY Consult Us First If you need money for your Real Estate financing let us have your application today. | Promps Ser: No Appraisal Fee { Underwriters - Distributors INVESTMENT SECURITIES WasHincroN Ozrics 937 15th Street N. W. Telephone, National 1053 - Therapeutic Tom-Toms The Medicine Man in darkest Africa cures all ills by beating a steady rouiade on his drum, by which he “drives out the devils.” Sometimes the patient recovers. In the enlightened world we are prone to scoff at such a cure, but science last year asserted that the meénotonous beat of a drum could actually cure headache by its action on the nervous system. So it is possible that those men in Africa who suffer from headaches are actually re- lieved by this primitive cure-all. 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