Evening Star Newspaper, September 9, 1929, Page 15

R 15 First Mortgage Loans - Lowest Rates of Interest and Commission Thomas J. Fisher & Compan; D. €, MONDAY, SEPTEMBER 9, 1929. ' FINANCIAL. " sove iuion wan ATTRACTIVE FRUIT NEW YORK, September 9.—More than $1,000,000,000 -is ted by Money to Loan Sovah | Wl S RG T SUPPLIES RECENVED|== ‘ ~ Complete Inc. Investment and Brokerage Service Copy of our “Fortmightly Review” furnished on request ~ G. M.-P. MURPHY & Co. Members New York Stock Exchange 1508 H Street Connecticut at K WASHINGTON Telephone National 9600 Philadelphia Richmond "Private Wires and Telephones to New York I Sinclatr Crude 538 Skelly O1l 5% 8outhwest Bell §i Convertible Issues Reflect Uncertain Tone in Stocks. Losses Recorded. BY IRVING FISHER. Special Dispatoh to The Btar. NEW HAVEN, Conn., Séptember 9.— Stocks rallied ‘riskly after.cracking Thursday, the all-industrial index clo 89% | ing only 4 points under Tuesday's all- 5 time peak record 2 and with only 2 ints net loss from he closing point.of the week before. Priday's. market was an impressive show of underiyin, strength, Wal 874% | Street thus indicat- 90% | ing its estimate.of the seriousness of the prophecy made BY CHARLES F. SPEARE. Special Dispaich to The Btar. NEW YORK, September 9. —Irregular- ity in convertible bonds today was the outgrowth of an uncertain tone in #tocks, with the profit taking in bonds fluencing declines from 1 to 3 points such issues as American Telephone 415s, Atchison 4'38 and International Telephone 4155, There was also irregularity in the secondary grades of rallroad and in- dustrial bonds. Armour 5l:s declined 1 Tofin's. selling within a fraction of the low of the year. They have cov- ered a range during 1929 of 8!, points. Fisk Rubber and Goodyear Rubber issues were up about a point. Fractional losses occurred in St. Paul o ustria 78 1028 102% 102% | Vertientes Sug 7s. . 7 Bk of Chile 635 95 944 94| Warner Sug Ts¢1.. 99 Bank of Chile $%8.; 97% 97% 97| West Elec b o 101 Belgium 6s. 17 100% 99% 100 | Westn Union bs 51. 101 Belgium 6% 104% 104% 104% | Weatn Unjon 634s. Tot Belgium 75 1955 L 107% 108 | Willys-Ov63%s33.. 4 1014 10t Belgium 75 1956 105% 1081 | Wilson & Co 1st 65, 7 o Belgium 7%8. :‘l’;k :'l‘;: Youngstn S & T 5s. 53 100 100 igium 8s... . Belivinzact 6d 2 81w BL | on day ""_A'ERPZAI:}K ol Atchison gen 4s. Atchdeb 4%s 43 Atlantic CL 3 9 91 Received by Private Wire Direct to The Star Office 4 6. High, Low. Olose. - INMIXED MARKET, sz leemesmtsi o) SHOWS RECOVERY|Saimiee sieemes Seles migh Lo, Claw, | SimmS FOIT i 1097300 % y Lib4th4}s 130 997 3 101% _ Wi does a large business ouf of it s usm-:‘:. 5 9728 9728 9728 :3’.’.’ Brisk Rally Follows co"apse :{.‘f‘:«mn industry, but does not in-1[), C, Commission Men Offer ess 630 . duetion of airplanes in 1929 will possil bl Stand OFI N Y 4 %8 S ehort of 1000, and. tofay vaseay FOREIGN. Sug Es Orient 7s. ., 99 oM Tenn Elec Po . Doty howenes) . u w ::::::n‘:: :a..?zl" 12 100 984 ¥9% | Transcontl Oil 634s Hgrilererer Commission merchants this morning 43,518 may bring the total gross business up Argentine 63 B. 98% 98% | U S Rub7% 100 6 $125,000,000. AT e 86 1854 U 8 Steel st 10 I Doy s, weather conditions may be. Persian melons, one of the numerous | UP 35-3 PER cENT show fruits of California growers, were Reports From 581 .Corporations|and finds ready sale at prevailing prices, S g p 81 Corpo the size of the fruit pn’!‘emlnl higher Show Stéels at Top and Leather FINANCIAL, L THE EVENING - STAR, WASHINGTO accor to a_compilation made by Lib3%s. .. e the i“r::kmk' Economic Service. Tfi .. 100 10026 10028 10026 Lo & long list of companies whose loow| of Last Thursday. Plentiful Stocks at Local aircraft products manufactured- will Sales. High Low. Close. | Tonn Copper NS A Al 1% | DR A sources of income, such as air mall, AR ATy s B o lap iy ot Australia 68 1955, 93% 934 | Utah Pow & Lt 6s.. 98" HAI.F YEAR‘ EARN'NGS Trading seldom is brisk Menday morn- among the day’s offerings. The melon is prices than that of smaller fruits. Firms at Bottom. Lib 1st 4% 8 includes at least one big com; ipates in aviation, - 170 1086 1034 103 4 et A pal viation, Pro- 3% Tone Stronq' scarcely amount to $90,000,000, Brook- MarkEt' Argentine 6sJub9.. 6 991 99 Tenn Cop 63 B4 freight and passenger revenues which Argentine 68 A. 984 99% | U 8 Rub 1st rf bs. fruits to claim the attention of retailers. Australia 65 1957... Bales 9% [ ISEEEwE Ry ings, however, no matter what the one of the largest of California’s fruits Melon Prices. New York London Prices of the melons this morning ranged from $1.75 to $2 for flats, $2 and Special Dispatch to The Star. adjustments, Seaboard Air Line ad- gmmh. Chicago Great Western 4s, mington Rand 5!2s, Brooklyn-Man- hattan Transit 6s and Interborough Rapid Transit 5s. Hudson ‘& Man- hattan income rgse over a point. There was little change in high- grade mortgage issues. The United States Government list was strong. First Liberty 41,s advanced 3, selling at a parity with the fourth 41s. The subscription books closed today on the issue of the new 47, per cent cer- tificates of indebtedness. ‘The argument that because these notes have found good market with private investors this means that the public is again turning to bonds has little virtue, for the subscription to the notes was predicated entirely on their tax exempt feature. A canvass of bond houses does not indicate any improve- ment in the public attitude toward fixed- interest-bearing securities. * Bldding for the $28,000,000 of New York State 4 *per cent notes, running eight -months, oecupied the attention today of municipal houses and banks, who were willing to pay a good price for the issue in order to obtain the de- it that went with it. This deposit eature explains why New York State Colombia 6s Jan "61 Con Pow Japan 7s. . Copenhagen 4% 5 5 Copenhagen 58 ct. . Cuba b%s Czecho 5 19, Czecho 8s 1452 Danish Muni Denmark 4% Denmark 513 = R T L e T L LT ey ® Dutch East 1 6s 62. El Salvador 83 German El P 6%s German Bank 6s German7s..... © 9% 100% 102 903 89% 1011 109 109% 108y 8bla 99% 102% 1024 102% 109 0% 89 102% 108% 111% 2 85% 1064 100 100% 102% 9Nk 20% 1014 108 109% 1084 85 100% 102% 102% 1024 109% 904 89 102% 108% ‘1124 2 86 B&O SW b8 50 B & O Toledo 4 Boston & M: Brooklyn Elev ¢ Bklyn Manhat 6x Can Nat4%s 30, Can Nat 413557, Can Nor 4748 1935. ., Can Pac deb 45 Car Clin&Ohio 6s 53 Cent of Ga 55C 69.. Central of Gy Cent Pac 4 Cent Pac 1st Ches & O Corpn anaknoCcan® - BeSmmmiain~as S o1% 96% | 56 102 ellesley of an . 80-point btt;? Coppers perform= ed well &e{h in- creasing metal prices to support them. Pmu:l "t:! Irving Fisher. 21 issues e mup advanced during the week, Utah over 20 points and Cerro de Pasco and Green about 10 each, Anaconda, Amer- 99% - fcan Metal, American Smelting and 96% bout 5 each. j N e mean. level of the utllities for 113% | the week was up only slightly and as 112 | many issues ended the week lower as 51' | higher; but sensational rises occurred 1065 96 | water Works, jean Power & Light, American Water American & Foreign 100% | Power and Detroit Edison. 88% | . More than half the rails closed lower 99% | for the week, though the mean price 99% | Jevel for the lmm is slightly higher. Ton kK gain, but losses of W Reading made & ey 2 to 8 points for 89% | numerous. 954 103 |in Fridays rebound’ from the T4% ard of New Jersey was down about & lsmmu from the previous week's close, | 5o\’ The ofls group failed notably to join, 89% | and Standard of New York, Pan-Amer- NEW YORK, September 9.—The 581 industrial, utility and railroad corpora~ tions so far reporting half-year earnings, showed a gain of 35.3 per cent with net of $1,542,175,000, against $1,139,575,000, in the first half of 1928, according to the Standard Statistics Co. The changes by industries ranged from an Increase of 103 per cent for steels m] a decrease of 78.8 per cent for the leather companies. The following tab- ulation gives the 1928 and 1929 half- year earnings, together with the per cent gain or loss for the thres main groups and for twenty-five industrial divisions: ‘Thousandi of dollars 1929, $2.50 for standards and $2.50 to $3 for Jumbos. 4 today. The prunes, rated one of the best canning and preserving fruits of the season, were offered at $1 a box. New York Bartlett pears, also the first of the season, were received in bushel baskets amd offered at $3 a bushel. Fairly plentiful supplies of honeydews and cantaloupes were reported, prices depending upon size and quality. Japanese persimmons, product of | North Carolina and Georgia, claimed | much attention, but found slow sale. | ‘The North Carolina product sold from $1.25 to $1.75 a box, the Georgia per- simmons selling at $1.75 and $2. ‘Watermelons, not plentiful, were of | splendid quality: and large size. Most of them were from the Salisbury sec- tion of the Eastern Shore of Maryland, the 40-pound fruit selling around 90/ and the 34-pound ones selling at 70 cents. There were very few inferior melons on the market. Dealers received small quantities of pumpkins in time to offer the day's trade, giving a suggestion of the Thanks- giving pie made of the popular vegetable. They were offered at $1 a basket. Toma- ....$5,675,899.10 Subscription for the 97th Issue of Stock Being Received Equitable Co-operative Bldg. Ass'n JOHN JOY EDSON‘E7'PI'HI!¢II¢ WALTER S. PRATT, Jr., Secrefary 49th YEAR COMPLETED Surplus & Profits. .....$1,695894,08 SAVE AS YOU EARN HE Equitable’s plan of sys- tematic savings encourages thrift in a manner that if con- sistently followed will even- tually lead to financial inde- pendence. Start now while income. 1064 v 83 vou have a steady Come-in and let us explain about our systematic plan. 915 F St. N.W. all off lesser | Chemi 102 102 8% :c::\:u:umd ‘Texas were 7 vy kL 100 | *eneral Motors mot only recovered Tonscco - : 33 | of | Silkc_goods. g $1 for 2-peck baskets, some few o 9 v i 1011 trom ~tha _bresk’ but, D o o | Fona"oReent” meat cholcest ones selling slightly higher. 900 90% ? 70 | mArch b o k. forging ahead foT & | Kutes aad" in Lima beans were quoted at $1.75 and 924 94 : by ot ee ot about 13 points. $2 a bushel. Potatoes; 150-pound sacks, 100 1003 {ChiRI&P4%s “'"h: L mpact survey of New York P were quoted at $4.75, sweet potatoes sell- e v TR Noine du ge Tl z:‘c’hapnu movements of common ing around $3.50 and 84 a barrel. Long s9 99 | Chi Us gm 4%, ?},’:‘...mu A hares 1a given below in price | 1‘.!3“2; E[I;cl:n{:xesr‘:‘uflwere offered at $2.50 Chi Un Sta b = two | X 3 CCCa St L su indexes (1926 == 100« movement. The Meat and poultry prices continued C&WI1b%a6: index! Tos outstanding”) represents unchanged, while a fraction of a cent a Clev Term bs 100% ::::‘um‘u‘".] shares listed on pound increase in butter prices was 106% :,‘,‘,f,"'cm“ the importance of each Teported. The egg market continued 80 | stock being ‘considered according to the firm, with a tendency to higher prices. > Today's Wholesale Prices. shares in existence, or outstanding. Butter—One-pound prints, 461a The second index New. Securities 4714; tub, 45%a46'2; store packed, By the Associated Press. 29a30. 5 P D NEW YORK, tember 9.—Nit - Eggs—Hennery, 43a45; fresh selected, o . aship 38a40: current receipts, 37a38. toes were cheap this morning, dealers can sell 4 per cent notes, while the offering them all the way from 25 cents Government is compelled to put a rate of 47, per cent on its issues. The Government deposit is usually short lived, while that of the State frequently runs for many months. ‘The new corporation issues today were the $15,500,000 Northern Indiana Public Service Co. first and refunding 5s at 94, and $8,775,000 Chicago & Northwestern 415 per cent equipment trust certificates. e latter were of- fered to yield from 6 per cefit for the | one-year maturity to 5% per cent for the 15-year certificates. u.s. CONSUL. IS RETIRED. Ezra M. Lawton Now Is Stationed at 8ydney, N. 8. W. Ezra M. Lawton of Ohin United States consul general at Sydicy, New South Wales, has been placed on the retired list of the forign servic, under :g;‘pmmm- of the act of May M, He was born in Ironton, Ohio, Au- gust 23, 1864, and entered ‘the foreign arrvfl:e l‘nol:ebm:ry.s ‘uol. :n consular El 52 agent al Xaca. nce then he has| phine W, served at Teguciagalpa, Nogales, Guate- u"o a.. ?",f.fi:s' l;:l mala, Sao Paulo and Sydney. He Was|Rjo deJan 8s 1946 promoted to foreign service officer, class | Rio Gr do Sul 63 45. 3, in July, 1924, Rio Gr Do Sul 8s Rome 6%3.. " Washington s'tock Excfiange Sao Paulo 8192 pe Sao Paulo 1950. LES. B > Saxon (FW) 1a eine 78 42. . Cl‘plll;go-lzra?:n 55—$1,000 at 943, Serbs Cr Slav 7a ‘Washington Gas 6s A—$1,000 at 1013, $1,000 at 10134, Capital Traction Co.—5 at 9315. Potomac Electric 8% pfd.—5 at 112. Potomac Elec. 513 % pfd.—1 at 10675. Lanston Monotype—10 at 130, 10 at 130. AFTER CALL. National Mtge. & Inv. ptd.—40 at 4% Potomac Blectric 5% % prd—3 at 1085, at 108%.. Utd Setam Copen 63 Commercial National Bank—20 at 260, District National Bank— at 230. el i od Unlon Trust Co—3 at 330, 6 at 330 1 at 330, Rigge Nati, Bank—5 at 507%, 10 at 5971, 6 at 5971, 4 at 59714, UNLISTED DEPT. Departmental Bank—5 at 6. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Ger Gen Elec 7s... Greek 65 1963..... | Irish Free State bs. ltaly 7s... Italian Pub § 7s Japanese ¢s. Japanese 6138 Kreuger&Toll 68 ct.1 Cnofiimnon=SinmBrailam o Netherlands és 72 New So Wales 5 New So Wales 5! Norway 54 s, Norway 6s 194; Norway 6s 1944 Norway 63%s 1952 Orientdev 56%s68.. 3 Paris-Ly-Med 6 Paris-Ly-Med 7, Paris Orleans 6%4s. Peru 681960 Peru 63 1961... Poland 6s 40..... Poland 7s (rcts). . For a Safe Investment ESTATE NOTES Secured by High-Class Improved Properties Competent Appraisals 6% Interest Del & Hud 5%. Pel& Hud 1530, m eni & Rio G cn 4s. the week, D Rio G West .12 ’.’53 ?.‘ée"& with the shifts in trading popu- it 103 103 |DRG&Wstss78., 1 R4y | larity. curities offered today inclu I 8- aoRpiels Gan ¢ 7 76ve| "Iy “shares outstanding” index| Northern Indiana ~Public Service urkeys, ] 83% 8314 | Erie 1st cons ¢ 81 | shows what & substantially representa- | Co., $25,500,000 first and refunding 1 cbn_m,hlrxe. za‘a-fl 83% 83% 91% | tive $100 worth of stocks in 1926 would mortgage 5 per cent gold bonds, series | medium, 30: ; Legl ;;na, 827; 78 784 | Eri 1003 | now amount to i held unchanged since | D, due September 1, 1969. Priced at fowls, 23a29; Leghorns, 21a22; roosters, 8% 86 e R 2 105 that year. The “50 leaders” index |94, ylelding about 53; per cent. Offered | 22; ducks, 15a20; keats, young, 60a70; 94 9¢ |FiaEastCés74 66% | shows the result of reinvesting the $100 | by Halsey, Stuart & Co. old, 35240. Dressed—Turkeys, 38a40: 403% 103% | Gr Trunk st db every week in the market favorites of |~ Chemis National Associates, Inc. |medium, 37a38; small, 35; Leghorns, 3¢ 109% 109% | Grand Trugk T, 1044 1 that week. 1,500,000 shares common stock. Offered | 835 fowls, 34a35; roosters, 26; ducks, 106% 1054 | Gt Nor 4358 4t week olumn of the table gives by the Chemical National Co. Inc.| 28a30; Keats, 30a1.00. i 87 87 daix: cnem . the rate of return on the week's 50 | Dillion, Read & Co. and others. Meats, fresh killed—Beef, 3415; veal, G;N":?.E' leaders at current prices. Chicago & Northwestern Railway, | 24a26; lamb, 30a32; pork loin, 34: fresh @1 Nosger sha Rate | 84950000 4% per cent equipment. wrust | hams, 28a32: smoked shoulders, 20a22; return. 2.9% 9% 99% » N anNexdu—no et R ane Consult WEAYEB_B_RO ¥ REALTORS b B 1 certificates of 1927, series V, and $3,-| bacon, 28a30. Lard, in bulk, 14; in o L LR 825000 41; per cent equipment trust packages, 16. oAk ) i8- -« 10 o Tl certificates of 1929, series W. Offered anref 5s... . 290 2 at prices yielding from 6 to 5.125 per Il Cent 4% s 66, cent, according to maturity. Offered I11-C-C-StL&. by the Bankers' Co: of New York, Con= 4 Int Rapid T: tinental Illinois Co.; and Evans, Still- x:;* l;:'/. Int Rap Tr 6/ a man & Co. 6 Midland United ‘Co., 350,000 shares 1% 74 4 common stock, priced upon application. 844 85 [Int&G Noradjesh 1i | Offered by the Utility Securities Cor- 8654 86% | Int Rys C A b8 72.. T poration.. 99% 100 |Int RysCA 638 ret g ros ——— 1024 1024 | K. ! 102" 102" | Kan Gity 8 3. Speculative. common industrials 1ast | WESTERN MARYLAND. 26 102% 102% week reaciied the highest polnt SInCe | oy opp september 9 (Special 108% 109 May 11 largely because of the sharp . Septem| pecial). Lake Shore 4s31. .. y h gained rapidly | —Earnings of approximately $16.90 a | 96 96 974 | advance in Radio, which ga! 74% 76 |Lehigh Valley 58 20 101% ite of Thursday’s break. share on the 177,400 shares of first il e usiriais falled to | preferred stock of ‘the Western Mary- 84 s |Long Iass 37 grade ind The | land Railwa: ima a Lo ursday. y are estimated for the. 102% 1024 10234 | Louls & Nash 7. 100% | regain the ground lost Thursdag, FH® Such a showing would | 2 t year. 95% 984 954 | Man Ry 1st 45 90 ils, Westinghouse, General . — 97% 96% _ n;\{. M;llnfll'{iy'tl: 58 :3:' ?;‘f&nn Biscuit and United sum gm&:l;etm:hflsgbfi ;;1 ull‘me ed 108% 106% 106% | M StPASSM on 4 84y | Steel were important issues which 'The Western Maryland Railway 1s 85 S0 oW | X Stp & S8 6. 9014 | not, fully recover from the BIEGE. , | eesentially a carrier of bituminous coal MISCELLANEOUS. 99% 7 ! : and the depression in that industry over Abram&Straus5%s ¢ 109% 109 109 the last two years made deep inroads Alleghany Cp 68’44 62 111 110% 110% into the earnings of the company. Alleghany 6s 49 wi. 15 111 110% 1104 However, a change for the better is A intCorsuuds. 88 112 110% 110% ) 3 d S, the business. Am Chem S%scv 49 36 117 116 116 |MoPac5%hadsevt. Am NatGas 6%4s42. 6 841 83 83 Nassau El 48 51, AmSmit& R1st6s 10 100 99 100 |NOTex& M bs Am T&T ov 4%8 39,666 215% 210 2124 ([ NOT &M 5%s... AmT&T cl tr 5 . 4 102% 102% 102% | N Y Cen deb 4s AmT&T s 5 14 102% 101% 102% | N ¥ Cen rf ba. Am Tel & Tel 5%s.. 33 106% 105% 105% Am Water Wks s.. Aromur&Co4 %339, Armour Del 5% Aesociated Oil At GuIf 5859, Bell Tel Pabs B. 104% 104% $0ls 80% 105% 106% 8615 B6W 108 103% 1024 102% 50 lll‘l;.fl‘ln'. :‘M e © ... FIRST TRUST NOTES. - - A sure and falr return with safety and security fer your savings. Call for particulars. Thos. E. Jarrell Co. Bealtors 721 10th Street N.W. F District 9486 Shinyetsu 6148 Solssons 6 Bweden'b%s. . National 0765 THE IDEAL INVESTMENT “Trusteed Shares” Corporations The original tovestment tncreased n market value over 50% from May, d _received 1 uly, 1929, anc dividends for the complete ear end- ed July 15. 1929, st the rate of 9%. Offered by The Standard Collateral Shares Corporation Metropolitan 3788 Woodward Blds. Swiss Confed 8, Toho Kl Pow Consult Us Regarding - Your Maturing Mortgage LONG-TERM REAL ESTATE LOANS 5%2% - 6% We Make First Mortgages on Homes, Apartments and Business Properties in and Nearby Maryland and V RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue Decatur 3600 Mortoage Loan Correspondent. New York Life Insurance Company - e e LT Commodity Notes Special Dispateh to The Star. Wool. : BOS’ tember 9.—Cloth makers are hu’ly‘lon’: Top ool in fair uantities in this market. Considerable fine wml‘ % | held on consignment has passed into mill hands. District of Columbis We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department Established 1699 INVEST YOUR FUNDS In 6% and 814% ‘First Trust Notes - consut WELCH Reattors 4| AN FRANCISCO—Some independ- ant s dines T Hraad Co. ent producers are exnraulnhogpolmon} 43464347 to the new petroleum law which forbids the waste of natural gas. They ady it favors the large companies which have tacilities and contracts for marketing . | this by-product of ofl production. The ]aw probably will be tested in the courts. Amer. Tel. Amer. Tel. 1108 108 5 100% 100 1 2 101 101 101 13 103 1o d0s " 5 4% 1 : . 38 108% 102% 103u | NY W& B Certain-Td 6%srcta & 78 714 Ti% \_or?acun Chile Copper bs.... 17 93% 93 93 l"‘"C"D | Invest in First Trust Notes Yielding 6% Interest Money to Loan on Real Estate J. LEO KoLB 923 NEW YORK AVENUE a Gas 8s. series A urlel”! e palem eIl R B N ¥ State Ry 4% NYState Ry Automobile Accessories. D,—The Nstional Acme Co., makers of shock absorbers for Ford | and other automobile manufacturers, reports that business is of heavy volume 99% | despite & slump. in Ford orders. 1904 Gottan. 84 95 OKLAHOMA. CITY.—Drought and 96% | hot winds during the last 60 days have 104% | reduced the Oklahoma cotton crop by 102" |at least 80,000 bales, according to re- 108 reaching here. Bolls have opened 101 soon and the cotton is immature. 86% | Boil weevil damage has been slight, but 100% | other pests have taken some toll in the e 97% | southeast part of the State. ins 974 Steel. YOUNGSTOWN, Ohlo.—Operations, B e it et & NOTICE in h jven that ring the three months of June, July o by Given that | Quring ust, President Julius Kahn an- | SeedRAR R COMPANY OF nount this week. July was the biggest | wil d month in the company’s history and August seems, to have eclipsed even July. MORE HOME WORK, | 17 cetors ‘ab RK, September 9 (#).—& of the Company to be held bn the ety xbrnrypof ‘more than 1,000 of January, 1030, Are You a Cormorant? A multitude of lights bob in the waters off Gefu, fishing town of Japan—but the fishermen are not catching any fish. They let the cormerant do that. egtnut F 2l heyy Chase Club 5} . r MIg. . Jolfic. Btock Ld - 5 95% 954 9% | Nor Pacrf s 16 974 98% 9 [NOr&S-ens 85 106% 106 105 orfoll &« W cn 4 3 91 90% 91 |OreShortLre 5 104% 10¢% 104% | Ore Siiort L on 5 68 58 58 |Ore W 6 99% 9U% 99% 10 103 108% 103% 1 108% 106% 106% ¥9 100 97 97 The Washington Loan and Trust Company ConGasN Y b% Cuba Cane 900 F Street 620 17th Street Wth a stout cord attached to his leg, and a tight collar around his neck, the cormorant stands poised on the gunwale of a boat until fish uppear, attracted by the boat’s light; then he dives, catches his fish—and is mmediatcly hauled back into the boat and the fish shaken out of his gullet. He cannot swallow his cateh because of the collar. Duquesne 4 . & Kigc. con East Cuba Sug 7 2 87% 8T% ¥Th .» Balto. & Annap. com. Fisk Rub 8 15 100 100 100% NATIONAL BANK. 4 5 6 LW 95 95 By Specialisty Gen Mot Ac Cor 65. 36 101% 101% 101% 4 Co. Blds.) Goodrich 6%s..... 10 1074 106% 106% Goodyear bsrets... 33 90% 904 90% Hoe & Co 6348 190 90 90 Humble O11 b5, Humble O & R 5% Ii1 Bell Tel bs..... 1102 10z 102 Ind Steel bs. 1 1044y 104% 104'% Intl Cement 6548, 11 101}a 99 100% Intl Match 6s47... 14 96 9% 95 Int Mer Mar 6s.... 8 100% 1004 100% Int Paper 53 47. 2 864 364 864 Inter Paper 68 4 0% BIn 89N Int Tel&Teleg 4%.. & 91 91 91 Int Tel&Tel 4%8 cv 243 216 2104 210% KanCity P& L6s.. 4102 1014 101! s, Kan G & E 65 52 2 103% 108 103 | W K-numov.-“u Tar BOeL 81 b N Laclede G b%s52.. 3 102% 102'5 1021 | Seab AL ad. T e Lautaro Nitrate 63. 95 99% 99 99y SuDALco’fl ited &OM&- Ligget&Myers 5851 1 1004 100% 100% ‘Washinston Mechanics Loew's Inc 6s. 2107 - 1081 1064 ! PIRE INSURAN( 1 92 92 | 1 &0 0 4 8 8 8 2100 99 100 2 81 81 81 25 100 99% 99% Tol Tr LAP 6% 3 '80% 81% ! Union Pac n‘fi- 95% 95% | Union Pae l;orlHLIzPhfl: ort RL&P 7345 46. ———— i LICYHOLDERS OF Reading J C 45 51.. TO THE POLICYROLDER A T g Lo INSURANCE COMPANY OF AMERICA 1 1004 100% 100% A cormorant’ e is not a happy one ‘in Gefu—but many a man in America is leading a ecormorant’s life, earning money enough, perhaps, but never show- ing a profit for his work. The differ- ‘ence is that a man has a ready means of escape, merely: by setting -aside the small, often-neglectad portion of earn- ings and placing them .in a savings fund invested .in some snund security. SalS- 8laannenada If You Owned a House .Would You Insure lt‘7‘ A man who buys & first mortgage security without a suatantee is in precisely the same position as a man who owns a house without insurance. 6% Guaranty notes. and bonds, guaranteed by more than . $3,400,000, are for people who don’t want to be in the position alluded to. e Eruuiamarp-nns -~ The 6% First Mortgage Notes sold through Swartzell, Rheem & Hensey Company have built for thousands of . investors a steadily growing sum, lead- . ing in future years to an income indes pendent of earning power. And the safety of the capital invested in these Notes is assured by our record: More than Sixty’ Years Without a Loss To An Investor. SWARTZELL, " RHEFM & HENSEY Co. MORIGAGE BANKERS "\ 727 15 STREET. N.w./ " "\ WASHINGTON D.C. Lou Gas & El b3 52. Manat! Sugar 7%s. _Coniblete - Investmient Service Deferred Monthly Payments 1f Desired Denominations from §350 up Send for Booklet, i% L% i L s - of “The Success Pla 101 101% 0 1% are melting and 1 9 dent sheet mills are ‘MORTGAGE & GUARANTY 5 pci 1 104% 104 108% | w1 Cent gn 48 49+ s % Baltimore Grain Exports. GrLeer & Co. CORPORATION 3 101% 10:% 10114 i AR 7 - 3Ly T 1015 101% 101% BALTIMORE, September 9 (Special). sAN. " f flour and grain from Bail- Gasoline Prices Reduced. . Esports of flou S RBEHNG e ws " 24 Jagkson Place _ . Sow Wilks B& E 18t 68. . 62 62 1% inal 3 RO 4 110 109 110 Ere faah. Méch. %o 3 D9 98 OIN oA R . S reek weres 'WASHINGTON, D.C. Wash._ Medical Bldg " 3 96% 96 96 | NEW YORK, September §'(F).—Re- | barrels; wheat, 56,868 £ > ‘.’%‘:&.t.{“"’:"'u:!‘ 5 105 1081 ductions of 1 cent & gallon on. guséline | Receipts of wat Xelsahos, Sapaos Sobe i X : e R T i SRR day, 8,679,473 bushels. =