Evening Star Newspaper, September 9, 1929, Page 13

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C. MONDAY, SEPTEMBER 9, 1929. : : NEW YORK COTTON. . CURB PRICES SAG || NEW YORK CURB MARKET g e e | [INDIVIDUAL FUNDS | oo ecen | mvrememse semia slightly lower than generally expected, 5 SUPPURT M ARKEI :i',soo].m““m‘“&.. :?'nkes'h:f'a’ufi.:.'.% 7th St. & La. Ave. N.W. & % et e o around 10%c. for December the market || 624 Tssue of Stock Now. Open First Mortgages B met cotton again and eased off quarter for Subscription F & of a cent in the last hour, ending with a gain of over quarter of a cent Mfll’ LDIIIO‘ to Me-ben :gé Loans “for Account of on, the day. Spois were advanced %0 | on Easy Monthly Payments JAMES F. SHEA 2 ” Cotton ras James E. Connelly James F. Shea i Others” Have Shown a ot 84, ben. e, Low. Close. President Secretary 643 Louisiana Ave. N.W. Steady Increase. Decemper " January 4 March . 4 8T, Al July . PORMER SUBSIDIARTER. $100KS. BY JOHN F. SINCLAIR. e 13% 13% 13% | Special Dispatch to The Star. 13 = % . NEW YORK, September 9.—The New GRAIN MARKET. n;m. l;:.‘fi 11 York stock market is being supported| CHICAGO, September 9 (#)—Eve- - now by individual and corporation|ning up of accounts so as to prepare funds, not bank funds. for any surprise in Government crop About 55 of every 100 brokers’ loans | figures tomorrow helped to rally wheat reported by the New York Federal Re- | prices today toward the last. Taking serve member banks are loans “for the | the day as a whole, however, the wheat accounts of others” and for the ac-|market averaged lower, owing in part counts of banks outside of New York.|to 2,008,000 bushels' increase of the Protected, Secured and Some of these also include individual | United States wheat visible supply. and corporate loans. Together, these | This increase, though, was less than Insured two items total 83 cent of all| was witnessed either a week or a year \ ave, thereloré, but 17 per Sont of ine | "*Wheat closed nefvo | i ek i , , bul per cent of e nefvous at the same as total involved in brokers' loans. Saturday's finish o 3 net lower. et e This money, which is drawing from | Corn finished ¥ to 7 off, oats at % AR DUB 7 to 9 per cent, is really supporting|decline to o advance and provisions ket | varying from rise & FRESETER FaG RIALSeh. Low. Close. bl T ot S, =g 3 & 282LEEESL258 BoLuie! Individual Issues Advance Despite Downward Trend of General List. Special Dispatch to The Star. NEW YORK, September 9.—An ir- regular downward trend. characterized the price movement on the Curb Ex- change today. There were few cases of real weakness and a number of stocks, among which various investment trust issues were conspicuous, advanced, but the general list was heavy. Selling. was particularly noticeable in the utility group. There was no change in-the confidence in which these stocks are held over the longer term, but it was felt that the recent advance had been too fast and that temporary 2. reaction at least was due. The excep- Amer Nat Oas. tion was Standard Power & Light Am Pneu which was bid up 5 points or so on the Ebe: Teport that Standard Gas & Electric would make an offer of exchange of stock. This news, however, did not affect Northern States Power A, which ‘was lower, but that issue had gone up nearly 40 points last week. Electric Bond & Share sold off sharply on a large turnover, but this stock, too, had made a new high last ‘week, 50 that profit taking was a rea- sonable explanation for the decline. Electric Investors weakened and so did Associated Gas & Electric. American Gas & Electric lost nearly 5 points. Stocks of investment companies were generally strong. Purther reflection of the disaster to the airplane City of San Francisco was t1 Frul & Sus .. seen in a new low price for Transconti- "'o‘ v%"m"filg;"“ nental Air Transport. Other airplane D ot a et pilak stocks were not materially affected, and Dayton Airplane & Engine went to & new top. ‘The oils were irregular, with strength in Vacuum and a setback in Gulf Oil of Pennsylvania. Humble was lower, but changes were not large in either direction, There is no extensive public interest in the curb oil stocks outside of & few fssues. Among the general industrials to sell off were the h-priced Singer Manu- facturing and Walgreen. Against these WES losses was a 10-point jump in Alumi- lova Watch. num Co. of America. lova Watch Bfd - rma _Cor BROKERS ORGANIZE OWN TRADING FIRMS By the Associated Press. NEW YORK, September 9.—The in- vestment trust or trading corporation idea has been adopted by many broker- age houses on a small scale for the purpose of consolidating their position vrltBh tkhetr llrweh st :ti.;:omtrs. o 13 £ Lol rokerage houses, through their spe- 3 Dent elal connections and private investiga.| 4 Sent gates B tions, are able to maintain closer touch with developments. affecting stock prices any of their individual customers. Before the private investment com- mny h.;l’nn be!clme sg' g‘:‘nednl‘l,y lgop:ed. 3 O i e information obtained by brokers was passed on to customers in the form | 13 Glark Bawip . of advice on investments. One result of organizing a private investment or trading company has been to simplify this procedure. Customers are privileged to buy stock and the funds are used for trading purposes by the brokerage house. In this way customers profit by the same advice as before without shouldering the task of managing their own funds. I Baltimore Markets I Bpecial Dispatch to The Star. BALTIMORE, Md., September 9.— Poultry—Alive—Spring chickens, 25a31; leghorns, 24a28; poor and thin, 18a20; old hens, 23a30; leghorns, 21a24: old roosters, 18a20; ducks, 20a23; guinea fowls, each, 40 to 65; pigeons, pair, 25. ‘Receipts, 1209 cases; native and nearby firsts, 38a40; current re- ceipts, 35a36; hennery whites, 45. Butter—Good to fancy creamery, 42a37; Iadles, 35a36; store packed, 30a 80%; rolls, 31a32; process butter, 40a41. Vegetable Prices. Potatoes, white, barrel, 1.5024.50; 100 pounds, 2.40a3.00; sweet potatoes, barrel, 1.50a3.75; beets, 100 pounds, 3.00 #4.00; beans, bushel, 90a1.10; cabbage, hamper, 50a90; carrots, 100 pounds, 4.00 25.00; celery, crate, 1.25a2.25; corn, doz- en, 20a30; cukes, bushel, 2.0082.25; eggplant, hamper, 25a35; lettuce, crate, 2.00a4.50; lima beans, hamper, 60a1.00; onions, hamper, 1.75a2.00; peppers, hamper, 20a30; peas, crate, 4.00a4.50; squash, hamper, 15a35; tomatoes, ham- per, 50a80; canners stock, bushel, 85a 90; apples, bushel, 1.0082.00; canta- loupes, hamper, 50a1.00; crabapples, basket, 40a60; huckleberries, quart, 20a 25; peaches, hamper, 75a1.25; pears, bushel, 3.00a3.25. Live Stock Market. Oattle—Receipts, 600 head; moderate supply, market dull and . Steers, 12.75a18.25; good, 11.7612.50; , 10.75a11.50; common, 8.75& Heifers, cholce, 10.50811.00; 9.75810.25; medium, H n, 00. Bulls, c! i o3 Z e e RO s e % x EXEEERERX] Sanoa EE by = Sepumane 3288 s FEES FET ST 3! =3 83 5! 2es828s8EYS . Ju 3 FEEE T - ' FEETIES & FE FRSEE BaIWISLINE: G .- ' 03 G0 61 1 31t 8909 GO T M 00 aas £ t 222 2L ZZZE; zu5 vz sussszuieity & F T ¥ ¥ ¥F S o pall v 2 55! 3 T SNeEesE S;.-...-.— s 38 5 the stock market, stock mar] e X ekl | T o T TR AL A LY S jvidus and corporations have ‘WHE; 3 ; e €: ), e able to increase m amount of their 3 3 conditions are a most dependable guide. funds in brokers’ loans at this time s m’i‘h’:r‘er'lu several theorles.. One of [ CORN i : s s AND P"El e e eotany T Cfon s ‘the| prumber : oo D FoUnNDED 1907 PS F fit‘t‘l‘e 5 :rnrmfi; 18 required—much less | Decembe s : Tohin %anc‘;:; ]g: %zzg&ngonb 3gisen Another theory—and this is the more | M - : ! 1417 K St. ”fi:{;gggf 9?86 83 O & L 12 Ci b s | loomy one—is that there has been a e e Gom " La Considerable falling off in the demand 1 Novalel Agne I 1 1) & el ,' 83 |for goods over a year ago in certain |y B (L) 8 key industries, so that the big compa- nies have been putting their money not s0 much in inventories as in brokers loans. These show upyas loans for “the accounts of others.” A third theory is that recent weeks has seen a very large increase in credits T % SRLnTre, fm s G vantage of the nt 5 Bt wnatever the_ theory may be| [ Markets at a Glance g In the District brokers’ loans continue to increase. . 2 Vast consolidation of the bus lines is NEW YORK, September 9 (#).— i H not confined to the United States.| stocks weak; Atchison dropped more 1) o ; Of Columbla a:xony{. lgl! of the x;.:t mr:;‘u“uf;l m:'rl;b l“ ;;;lm:i‘ ,:lona ne:“I’gn lcllvg‘:‘on- ALY rr'” gLn 157 ns of Germany, vertibles dip s ly. Foreign exchanges A . S ma same dl{re;':!loni'm R -urtxlmgmn em;l Alzo'é.h. Curb du- r ‘o RGANIZED in 1814, this u le of er ci 3 T r; lectric N re under o field, one under state control and the | pressure. Cotton higher: bullish Gov- | i =) veteran bank has a service other under national. ernment report. Sugar advanced; firm |§| - e : record of one hundred and fif- The former is called the Baxony|spot situation. Coffee steady; better | teen years’ duration. Stage Co. It has now a capital of $5,-| Brazilian markets. » . 000,000, operates 120 trucks for freight s S 3 5 . and 500 passenger busses. fh‘z';',““’p'é:l L SIIORGO Wepkemhi |8 (7 Wl ey 3 fDo your business affairs have is opera! under e 3 forth: 2 orn = office department and is operating 100 | easy: rains Central West. Cattle E= the benefit of our seasoned busses as part of a system of 1,800 bus | steady to lower. Hogs lower. 7 service? routes, which the post office department has_developed throughout Germany. = The larger state-owned company has MONEY MARKET. —_— s . L the advantage over gflvlu operators in| NEW YORK, September 9 (). —Call N h l M tr llt B k other countries in that laws and regu- | money easier; 8 per cent all day. Time | it i At et £o5 || National Metropolitan ban i 5?2,,,,,?3;.:” o ':.m it w,,,;,.;,:,.l- ,,;,,",“,““,:i‘:.;,"' : Capital, Surplus & Undivided Profits Over $2,300,000 real 5 0,0 904 | 1n Tnspecting bus drivers. A man has | 8o-0 dage. 5% 55 T 15th St., opposite U. S. Treasury—115 Years Old g 99 99 to work as an apprentice for two years| 5.6 months, 5 *30 1004 in the shops before he is trusted to o 98% | drive a nger bus. e et e .mh!d'hn.d:z:} jra. and must pass a ri phys :x.mx'.',‘.mn, Which is repeated every || Mortgages Investments WO _Vears. The close supervision given in Saxony | JAMES Y, PENNEBAKER has cut down the number of accidents H e a e aYa ress witn. ||| Nat.5201 1520 K St. N.W. DON'T SEEK A s Wi L Taai for Gkars s €21000 S—— THRILL WITH ”";flfi.?"'x'&':f’.mms&u&n the 4 INVESTMENT s b same as in l‘hi Y‘:Iud s on 991 4 | poorly patronize es ral may il B . e s high as 3.2 cents s passenger mile, Safe investment and specula- 955 155: but the rate cuts down to 2 cents : i 103 86 ' | meavily traveled Tines, i tive thrill do not go together. " g g iy R T e i One is fundamentally sound; 3 |3 ch:rgenl,n ‘:e;m fu.rw l‘;wooflen ue-h-" e h . £ bli % |and 2.2¢ cents for upholstered class. 2 HS 3 Nevertheless, regardless of the dif- LRl e paac bl ference in fares and ownership, the bus lines and the railroads avoid duplication In investment you want secur- of routes and services wherever possible. g e % : s e alyze the record ’ ity of prmc1pal,, and stipulated in their own particular dimcultics and of an invest- | Over a Third interest. That's why our studies that they do not show the sym- 0 the knowledge that the ment before of a E:?fd in questions deaiing with: pubiie buying—why a2 f h 69, FIRST MORTGAGES ters, - entury Take the campaign inaugurated some ;i . years 'ago by the Doblio hesith authort: not buy your Without o are so favored. ties against the mosquito. It was de- TIRES as care- creed that this particular insect it 3 H . be-bloited out. 'S0, ‘aiplanes, ,",3,‘,‘,’, Loss There is no risk; but the return gas, s, , olls, acl an wders H v sotll were linked in’ one Trend array ] is genuinely generous. . It was and is no parlor battle, f 4 i when the work is dopn.; the em: w?.l‘; i I\Ia-‘ }le pur‘:haSEd in-amoutits’, have exceeded $100,000,000. from $250 up. Swamps and marshes are being drained and olled; trenches dug in Fools and swamps to drain all land in- ested wit] h them. low, marshy places are their I CO breeding ground. So the latest methods e > pe SRtk mp o SRS NI ve been broug! play. st CN.W. fan sprays a mixture of paris green National 2100 t t and powdered lime over swamps and lakes wherever larvae are found. The O P D L o e THERE IS NO SUBSTITUTE FOR SAFETY SS: ¥ FE NeNes 5 e, 2 - & S . o] H E;_*g-;‘ 3 * e WEEE & T 22 22 Sgoryeaanerey g s Sy pesnsune 2 2= ey mugses,, Sruisuss oo 3 335288 Free i, by - 3 238! et 852! PSRRI i 2, SEE FEIGS 88alswwiBa SESEEES TE = 324 WS nwedESEEE-YEn *FEF S I SETF 22 322332 2 uadaBi B a! Lisal Se e T ZZEEE! 2ROPRA 555 23 5 Feazzzaz & Por of gl Sl 3 Pow 5s 53 hulte Un ptd %4 k & Hatdw 1 lected Indust Inc. lect Ind Inc ptd lect Ind 229! 2355eeesessneas g ., w8 s onaanageee: 335355 g o 4 120999y’ 2223578 EE FHNE oo SEE R anS e 22 & eeasase o ool o =3 H X H o = 828328838! & LT S S, &N o vy us ®EE =} ! sgg 2R =, By a2, 8geas! 2= £ !!9 ) 2.z Se 1 % it i i d 41 i i i $285! ECr 4 g o o 2 FEEF Qag Za =0, H Q! Ha A 1 23828883 Feon =] Ses! Do FIIE PR & & & GRS R 4 5B aBwna 8- 35323388 5 ) d I 1 5 1 143 s NSSS ec. ond & Bond & Sh pfd. BBk i e ¥ FFEFCE SEEFIETIE 1 e it % % & Y £ SBR e SS-A2E 8! P % I a8 FEE EgaangiEiey T - - o eon! 25! cubic feet of dust-laden air a minute :;n};hoou 525 feet. It kills everything RS SN S el ith, — m'nx:e pu‘lrphg:hu u’sed for d—d—“{(}o‘n' on e larger es of grount acres or morrl:. rticular success has been 40 i s attained in Haiti and Nicaragus. Birds, A C l d f . fish, lizards, bats and frogs have been fus ‘A io rounded up by the thousands and ar Oa 0 i sicked onto the mosquitoes. But the little fish are the hardest BN With warrants. yorkers of all. The gambusia, or min- eW R Selght in larvae in an hour. The bat, SOUTH GETS BETTER |53 mosmulier s i o Bas Executive Desks often revealed a diet of & REPORTS ON CROPS| "S-ty st i ovn cor- 359 Below the ot men":"ul. North «mrlun News- ke V l (Coprrisnt, 1089, by North A 3 il Atlants Reserve Bank Notes Im- el Market d Conditions Duri BANK LOANS INCREASE : Al pn"llon:hnof :::m:““ IN ELEVENTH DISTRICT IATEST designs—just arrived—desks that are fine to look at, convenient to sit behind —brand new, yet priced at clearance values. M -&* F BB e tobt it S35 - §§§§§ e 42 >339 1 5 RO SR ) i ) N SR T FEE 3 . ws, choice, 8.00a 9.00; fair to good, 7.00a8.00; common to medium, 4.006.75. Sheep and Lambs—Receipts, 3,500 ‘head; moderate supply, market steady; sheep, 2.0086.00; lambs, 6.50a14.00. Hogs—Receipts, 3,200 head; moder~ ate supply. market spotty on lights; lights, 11.60; heavies, 10.90a11.30; med-~ ium, 11.80; roughs, 7.75a9.75; light gfl. 9.75; pigs, 11.70; trucked hogs, 15830 lower than quotations. Calves—Receipts, 600 hea ply, market steady: calves, Hay and Grain Prices. Wheat—No. 2 red Winter, spot, 1.35; No. 2 red Winter, spot, 1.273; Septem- ber delivery, 1.2734; October delivery, 1.20Y, 0. 3 red Winter, garlicky, spot, 1.24'4. Bag lots °¢‘ ne:‘rby. no sales. Cargoes on grade—None. Corn—No, 2 export, September de- livery, no quotations; No. 2 domestic, llow, 1.21a1.22; cob corn, 5.75a6.00 per rrel. No. 2 white, domestic, spot, m?v.lma: No. 3 white, domestic, spot, Sgsggsgsgse: i Jo] 3 gyzcato 3 ") Lz FFEE FERE F S F T T RIS S o sezzgsye Ex 8 (3 £ FETSeT & KRR FE ST o 03! . 55555 FFe SRS F RN & 2 F B SIS F R PSR FE = 22! # 4 338, 1 & e e B Lt ) f PR Ft e 1 F ST SESSE W =3 FEE FEEEE ¥ FF o 25584888 c8sRaeYs. e, g anu: & EEF FESESES 38 & OSEEES SRR Special Dispateh to The Star. WD Ry e b ‘f"fil’i’a&ufi 60x34 Combination Walnut or Mahogany Flat Top Desks, as cut..... ..$47.50 September 9.—The A Federal Reserve Bank loans {o mem- 60x34 Combination Walnut or Mahogany Pedestal Typewriter Desks to match, 59.25 ?lecr;l::r:lu w‘r.:do ‘!’r‘c::‘ mam::a | 52x32 Combination Walnut or Mahogany ‘Flat Top Desks to match.......... 44.25 B pobitoes i = i iter Desks to match. ....... 50.75 and potatoss In | .fi.:m;'&?ém Wfi ;:flf{.‘,‘.:’;? _,fi;‘, ?&:};&%5% 52x32 Combination Walnut or Mahogany Typewriter Desks to matc 7 & monl 3 ugus! and on o i B Ty ectace ot nat due |l Clearance Sale of Showroom Pieces time ‘%‘"‘ of member Top Desl Steel Storage Cabinet, Walnut, 72x36x18, banks amounted to $870,868,000 during i %;ln"pk' .$90.00 gty v s e 88 ompared to $800.165,000; Gur” 5000 | Steel Wardrobes, Green, 72x36x18. June. On August 8, 1928, the actual 42x32 Mahogany Roll Top Desk. 0. s Riays. Thoskals e s Typewriter Stands.... 1100 | Giot) Wardrobes, Green, 72x36x18. .. t| The business mortality rate in the 50x30 Office Table, Oak A m:/:l S.le. ?"-'a"' 29, Wide, 50 High, eleventh district turned ly up- s 18! eep Inside visebieersiPs s | Sard i July. thers héing & substantial %301 0Mes Tebls (Oek B Lakel Safe, Green, 20% Wide, 50 High increase in both the number of defaults 1815 Deep Inside. 3 tial |and the amount of indebtedness in- Side Chairs, Oak, Mahogany an C Label Safe, Green, 3 3 5 e T T P Finith . . 191 Deep Inside....... . 150.00 area of the district has been D Label Safe, Green, 18 Wide, 50 High, aff 3 Sections Bookcase, Top and Base Mahogany 19% Deep Inside..........ccoevr.onss 100.00 Finish ... KR PR TERRT, Leves 2300 4Drawer Letter Files, Green, Without Lock.. 25.00 3 Sections Bookcase, Top and Base Wal 4-Drawer Letter Files, Mahogany or Walnut, IRy o s b UL b 505 o o w04 043000 Withbat Leek: i 5i% s -4 8 Sections Bookcase, Walnut," with a Special Top 4-Drawer Letter Files, Green, With Lock... and Base. e s el s B B o U6 e I 4Drawer Letter Files, Mahogany or Walnut, Steel Stora Green, 72x36x18, With Lock. v 37.00 with 4 Shelves. . St Cabil S":v‘nh v:“sehelvu?:'... Also Special Files at Reduced Prices ' THE W. D. CAMPBELL COMPANY Business Furniture and Equipment 4 Decorators of S e LT TR SEEEE o F Pinb bt At A e e b Ctgfl;fi FEFEF ST Sxy! =3 .. # .............m.,,...,........q_;. 0o P AT uCe FIE FEF | FITSITFSIE $HE SO #F EEusSusyususss 20289000000000 23 —i 5 3 5 5 figf ey ero o5eSiag, Sopiiy ufe. SRS up g is_arriving, ‘which to establish quotations by ‘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. 00210.00. o £ ESUBBYEESSE5Y! FFOE Sores e n Sime I FRSS - FFEER SF F IFF S FF T WO rF . c FREE SRS S & &P 52 T8 e S somcotmnaasmo i TE by £ 7 gris > F I ¥ Commercial Interiors Banks in New Tecor crease with $10,141,805,000 for the tnd% ber 4, against 810, 647, 'lu the previous week. In ) SRTATE, e -