Evening Star Newspaper, September 27, 1929, Page 15

* TRADING INBONDS “ONNARRDW AL Conivertibles Irregular; First-| Class Railroads -‘Move at Steady Prices. .., ‘Special Dispaich té The 8 "NEW YORK, September 37.—Today's bond market imitated ‘the markets of “Most’ recelit ‘days I that the, two tele- ‘Dhone. gonyertible issues accounted for .8 hig. share of -the trading. Their movements .were rapid.and Yaralleled generally the movements of stocks: of the same companies- on the ‘Stock Ex- change. N . th American TFelephone and Inter- national Telephone 4138 were off 2 points a4 the opening. This was quickly re- gsined and: then American Telephone dropped - off 6--points. - International Telephone 47;s moved similarly.” American . Internationsl 2% were another active feature of the market. These dropped off steadily after. the opening until they were down almost 3 points.. Buying latér eanceled some of the loss, > ¥ In the railroad issues there was some atrength among the junior class. - Buy- ing jhere was.prompted by the general prosperity of railroad reports ‘of late and,the strength of the complementary stock issues. Those that gaimed in- eluded Missouri & Pacific 45, Seaboard adjustment 5s-and 6s, Southern Rall- way 4s and Chicago-Rock Island 4s. The first-class radlroad bonds were actively traded. in at firm prices. Both Canadian_Natioral Railways -and Ca- nadian - Pacific issues were dealt in heavily, with - the government-owned roads 4%s shdwing a. 13, point gain "' e pubic utilitles_dropped off & e public sutilities shade, while industrials were little changed. Philadelphla & Reading Céal & Iron was down 2 points and “AmericAn’ Thternational off- sightly." *%Pathe Exchange 7s were up 3 points ‘At the 'ego'n'l' . "in. response o buying ifduced by the, announcement of the tentative merger plan with Shubert ‘Theaters. Part of the gain was drop- péd In the later trading. > s ‘Washington Stock Exchange e + SALES. CGapital Traction 55—$1,000. at 91%, $1,000 at 91, $500 at 91, $1,000 at 907, ~ $1,000 at' 907, 31,000 at '90%. Potbmac Eleetric Cons. 55—$3,000 at 99, $1,000 at 99, $1,000 at.99. Potoniac Electrié 6s 1953—$2,000 st 107. Chpital '!'neti‘}m’t 2'at 91, 15 at 90, Y0 at 89Y 5 Stonts 'p!d.—s at 112, 5. Wt 112, ES 5 Potomat Flectric 5'; % pfd.—5 at 1057%. ‘Washington Gas Light Co.—3 at 130, Liberty National Bank—10 at 240. National Metropolitan Bank—10 ¢ 405, 10 at 400. American Seeiirity & Trust Co.—10 at 45912 Security Sa 10 af 517. 10 at 518. Colunibia_Sgnd & Gravel p 615, Federal-Amerloatt Co. com.—15 at 4214, Mergenthaler Linotype—S$ at 1087s. AFTER CALL. ~ _Potomac. Electric 6 1953—85.000 at 107. Real Estate Mtge. & Guar. pfd.—50 at 3, T34, D g Potomac Eleetric 5% ptd.—10 at 5’ 5.2t 305%;. ‘Washington Rwy. & Elec. pfd.—1 at 97. ‘Weshingion Gas-Light—1 at 130. Federal-American National Bank—3 at —10 at - 326, i Mergenthaler: Linotype—20. at 10313, 20 at 1035 Merchants’ Transfer & Storage: pfd.—3 o 8198, 00 1 00w " * Bid and Asked Pricés. - Amer. Teb. & Tel Tel, & Tel . Tel. & Anacostia & Pot. R. Anscostia & Pot. & el. of Va, B kY Wash, Tona. Title 65... STOCKS. : PUBLIC UTILITY. Norfolk & Wash. 8 otomac Klec. 8% pta s o . & Blec. pld i."& Annap. ‘com. Alte.. & Annap. pfd vings & Commercial Bank— | T H UNITED STATES. (Bsles are'dn 51,000 ST sl Hish. Low LIb3%s... 1 712 9710 9710 idblat4ls 11 9816 9812 9812 Lib4th 43,9°174 9818 9814 18 re o7 o7 97 1004 100 4 US4x1944 25 10230 10220 (0220 US4Ksb2. 31 1061410814 106 14 FOREIGN, Sales. Righ, Low. ArgentineSs...... 4 90 90 Argentine &aJu 59 | Argentine 63 | Argentine May "61. Clese. 20 8% 9 8! »3% T Australia 4% 5.5 Australia §8 1935, .80 ; 102 97 109 8| Bremen State Ts. Canada 631921, Canaaa 5= 1952. Chile 65’60 . Chile 100% 09% 101% 99% 101% 885 a8 100% 26 101 80 98l 84 23 1008 109% 109 85% 9% 103 102% 1025 1084 114 i3 Chinene Gov Ry § Christiania:és. . Colombia 65 Jan Con Pow Japan 7s. . Copennhagen 4% s &3 Copenhagen s ct. . Suba 6%a. Crecho 3s 1351 Csecho 33 1952 Denmark 4% & Denmark 339 °65. . Denmark, o4 Dutch East 1 6s 47, Dutch East 1 & » " Bt =Ta 2l nanmrasannB ol nto =m0 war X war ‘48 4§ i cl | Frenca 7% | German Bank s German 7s. . | Greek 65 1963 Hungary 7% 1taly 78;...... Itatian Pub 87 Japanese 4s. Japanese 6%4s..... Kreuger&Toll 5s ot Marseille 6s. . Mex 4n 1904 asnd. . Milan 6%s. . 3 herlands 65 73. New So Wales5s.., d 6. ... Norway 58 1963. Norway b%as. . Tway 6 1943, rway 68 1944, 2 orway 63,5 1952.. 10 Orient dev 5% 58. 23 100 7818 100% 9514 1 22 1 108'%-103% 7 9l 1024 Received by, Private Wire Direct to The Star Office les. Migh. Low. Clase. 6 101% 1014 1014 L 14 98% 98 98k 9 101% 1014 1014 22 264’ 984 9196 116% 1129 83w 88 4 do7s 83 280 PR YT T T 4 .96 9% Sinciair Of 284 | Sinctairol Sinelair Gru PR uF e v v PICTURE INDUSTRY |MARINE PRODUCTS | IGiant Mergers in Prospe_ct_ as - Business Grows to Great Proportions. BY JOHN F. SINCLAIR. Special Dispatch to The St NEW YORK, September 27.—"No deal has been .made,” was the comment of * | one of the executives of the Paramount n Cop Tenn Elee Po organization when asked about "the merger with Warner Bros. Pérhaps this executive was thinkini of the time last year when the purchase of Metro-Goldwyn-Mayer by the War- % | ner Bros. was.95 per cent in. the bag Walworth 65 45 War Quinland ¢ Warner Sug 78 Wi 2 '% 4 101% 103% pen cv 7 Wilson & Co 1st Win RepeatAr 73;8. Youngstn S& T b RAILROAD. AS&SK evt 4x 06... 88 Atchison gen 4s. Atch deb 4348 4 R Atk Dan Lat4n 43, 2 B & O Gold 4, B&O lsbaet., B &0 b8 2000 D B&Orfimp6s... Bang & Aroos 48 51, Boston & Maine Brooklyn Elev 644% Bklyn Manhat 6 Bkiyn Un K1 68 50. . Can Nat 4% 10 4% b4 Car Clin&Ohio 6x 52 Cent of Ga 55C 69 Ches & O Corpn &) Ches & O ev 434 Ches, Alion 3% i Chi B&Q gen 48 53.. 19 CB&Qistress... 10 LCMSP&Pac 2d15803 123 3 | ChiN W.41482037.. 25 Chi&NW 4% 5 1987, Chi& NW 7s. 10015 924 Chi Un Sta 4% s Chi Union Sta 55 44. 4 100% 102 101 Paris.-Ly<Med .28 Paris-Ly-Me Paris Orleans 5 1 245 102% 10815 100 88K L 90 i 101 7101% 85 8% 100%:101 184 18% 1034 103% 1015 101% 92! 244 104% 1045 8 73| Serbs Crot Slo $». a3 Solssons % %% 82 Yokohama 6s. . 4 92 9% MISCELLANEOUS. AbramaStraus5%s 1 107% 107% Alleghany Cp 55°44 103 108 107 Alleghany 6549 wi. 81 108% 107 AmAgriGhem T%4s. 11 1054 105 Am Chem 5%8 ov 49, 72 413% 112 Am Cotton Oil S 98% 984 Am Int Cor 6% 114% Am NatG Am Smit&R 98 1r4% 90% 3 95 391524 217 211 241 . 9102 101% 1015 LA 101% 101% 1014, 41105 - 3048 1048 97l 97 9715 Ry 83 102 3% 1024 ht Associated Ofl Atl Gulf 55 5% Bell Tel Paba B, Bell Tel Pabs C. £ nk ‘of ‘Washinston. 303 TRUST COMPANY.' i BAVINGS BANK. nk of Bethesds.... mmerce v Bast Waningtep,. Potomac "' | Gen Cable 53 47...17 Barber & Ross, In FEha¥ gels Beth Steel rf & Beth Steel 5%553.. 44 | 104 Bethlehem Steel 65 -7 104% 104% Certain-Td 5%arcts 1L 78 78 . 72 ba.... 1 38 Col G&EI b8 Ma. 974 97 Com Invest 6% 1055 103% Coi Invest &s '43... ’l: :: - 98 Cohsumers Pow js. Cuba Cane $x Cuban Am Sug #a,. Dery (D'G) 7! 1 . 1 107% 107% .28 98% W8 2 101% 101% 196t 9614 2 92. 92 VIK - 96% 16 101% 101 106% 89 Fisk Rub $s. . Gen Mot Ac Co Goodrich §% Goodyear bs re ‘Humble Oil 53. Humble O & R 5% 111 Bell Tel 1) Steel 435 % i Unli-hd ‘Department. Bid - Asked. IR cnwln:s::% Ghapin Bl | Chapin Sael Ec angeticut Ble. Co R S e Registration of automobiles in Ee%.. 12 DIl 91 - Int Tel&Tel 424nev 310 196% 189% Kan City P& L & 2 100% 10p% KanG& E6s52... 3 1025 103 Kendallbys 48 war 2 90 90 Laclede G 5%n 62. ., 1 Lagtaro Nitrate 6s.. 4 Ligxet&M: Losw's ine Losw's 65 Lorillard 6: Lorlillard 63%s. Lou Gas & EI 6 6 T 9% 794 1 834 85% 8b% -3 100% 10014 100% 43 1015 101% 101%) CF8 9. 99% 7 101 100 964 96 9 40% 0 4 2 100% 1034 104% 1 102% 102% 1024 1056 ,1gm' 865 ] H1 100% B4 80 89 214 1021 100 Cuba R R b8 Cuba Nor 5% cta Del & Hud 18t rt ¢ B9 B0% T4 92 1005 Eriscv b 67. Erle eonv Ex 7a Fla East Cbs 74 Ga & Ala 18t 10015 67 86 103% 110 W6, InCenta%s 111'Cent Chi ¢ 3 2 111-C-C-StL&NO 68 11 Ant Rapld Trans bs. 64 dnt Rap Trbsstpd.. 17 Int & G Nor 1st 2 Int &G Nor ad) 3 i|IntRys CAsn72. Int RysCA 634 lowa Cent 1st 58 Kan City Ft 8 45, Lake Shore 4531, Lehl Valcn Long f36s37. Fouls&Nash uni ¢s. 51 Louis& Nash 5s B, 2 Louts & Nash 7s. ... Murket St 75 40. Mill El Ry&Lt 4 Minn & StL ref 4s Mo Pac 5%s 49 evt. Montreal Tr 55 B 55 NRM4%s 67 anst. NOT&MEH N'Y Cengen3% N Y Centds 4z N Y Ce £} N.Y Cen deb s, ¥ Ceur rf by Cen Ce e P eSSaonvulvanan ~SEE - 9 8 Se % Nor-Pac rf ¢s., Ruei % 1104 9914 01% “84% 984 9% 951 o4 102 107% 100% R6l 101% ) 3 e o= i o0 5 0 S B b 3 00 5 1 S5O8 Port RL P 6s47 Reading gen 4343 A Reading JC4s51.. Rio G Westcl 45, RIArk& L 4% StL IM&S RAG 4s.. F8am ~nw ——— e el Rumn 5 106%, 1054 117% 1175% 3 101%.101% 10115 110% 110% n.. -3 904 90%. 90 LA 9Bk 98 98 21050 105% 106% 6. 99% 994 - ! w o 1 % % O 11040 104% 1044 14 98 9% 99y Nor States Pow §s. Nor States Pow 6 racifie Gi 9% 994 5% 36% 861y B6Y Third A 'nlon P Unjon Pae Ist Unr Pag 15t ref Virginia Ry 1st Vv Ry & P bn. Woash 1 1s 7 Wabash 2d b Whash & m » pore, British Malaya, is growing rs y. PacT&T Isths... 4 101 100 100 West Maryiand ‘Ger Govt Red Loan with draw- and then fell out. Negotiations have some time between the Paramount or- ganization and’ Warner Bros. At first Paramount was reported to be taking over Warner, the late reports indicating that & new_company will be formed to involve an ‘exchange of two shares in the new company for every share of Paramount ‘and one and one-half] shares for each share of Warner. 1t carried out this way there will be 8,532,000 shares of capital stock out- standing with earnings of about $3 000,000 & year on the present basis. - When and if completed, no other company would be within striking dis- tance of the ‘Paramount organization with the exception of Fox. Fox's re- cent purchase of the Metro-Goldwyn- Mayer and Marcus Loew Theaters will show combined net earnini $25,000,000 to $30,000,000 a year. The Fox theaters, including the 200 Loew theaters, total now about, 800, while Paramount and Warner together would reach about 1,100. Where will the Radio-Keith-Orpheum Corporation fit in should such a deal be consummated? Wil it join hands with one or the other of -these huge organizations, or will it go it alone? This is a problem of the future. ‘Unless there is a slip up, always pos- | sible, the motion pleture industry will ihlve chartered the lines of leadership for. probably the next decade. Para- mount, led by Adolph Zukor, and the Pox organization, led by Willlam Fex, both born in Hungary and both now !in their early fiftigs. .. When the_ inevitable happened yes terday and the Bank of England in- f creased its discount.rate from 5!, per cent to 6'; per cent the eentral banks of three other nations—Sweden, Nor- way and Denmark — immediately fol- lowed suit. ~Central banks of other European nations, perhaps a score of them, will no doubt fall in line. te advance has been oing on. for overdue. Already this year the Bank of England has lost net not less than $118,000,000 .in gold principally to France, Germany and the United States. + These advances and others to follow are in line with-the’upward trend in money rates which began last year. Since the first of this year no less than 19 central banks have increased their rates, some of them more than once. How long will. people continue to borrow money-at 8 to 10 per cent to | buy stocks at prices which net from | 1 to 3 per cent? Certainly: not forever! The Midland Marine. Corporation, | formed only oné week T as a holding { company to buy controlling interest in | strategic banks, was expected to con- centrate in New, York State. . But its first_act, after acquiring 17 banks in Upper New York, was to add an ex tenstve chain af .1 ble 20, banks. in the rich industrial: and agricultural sections of North Carolina, centering raround Raleigh and Charlotte. Midland, therefore, takes just one good bite and adds, without a gulp, $5,000,000 to its former resources of $575,000,000. ‘Today this corporation, one week old, has assets of $625,000,000. It is already announced that it will sell 1,000,000 shares of common stock “That stock ' “when issued” is now quoted at about $85 a share. The $25,000,000 of the $60,000,000 income from the.new issue will become capital of thé Marine Trust Co. of New Yorl ‘The remaining $35,000,000 will remain in their treasury as a revolving fund to lend to the banks they control. . This cash, fund,. which should grow is to be put into Government securities, bankers’ acceptances and ‘Wall Street loans. Sixteen banks in one State in a week! becoming very plain. “Why should Canadian exchange be quoted ‘at. a. discount of 1% per cent in the New York market? Canadian- funds have continued to decline for weeks and have now touched the lowest point sjnce 1924. It is very difficult, indeed, to explain the large discount quotation. ‘There is, at the present time, a profit of almost 1 per cent in the shipment more from Montreal or Toronto to New York. But very little gold is coming across from Canada. The Meavy discount against Canada would seem to indicate that the transfer of gold is a wise procedure, That it is not being done seems to showthat the Canadian bankers believe that the sit. uation is only temporary and that Can ade’s Fall export business will tend to right the matter without any substan- tial transfers of gold. ‘The New York Stock Exchange so far this year has dealt in‘ 808,000,000 shares, as against 599,000,000 for the same period of 1928, 406,000,000 for 1927, :ggsnno.ow for 1926 and 298,000,000 for So the sales today are just about double what they were four years ago. - This is in_spite of and not because of the high price for money. ‘The éxcep- tional rates now being paid for money were shown this week in the advance of time money quotations to 9%, per cent. A loan for 90 days was arranged be- tween a mcney broker and a borrower for $3,000,000 at that rate—the highest for time money in five months. J But speculation, costly as it is, con- tinues. ! " (Copyright, 1920. by North Ameriean News- per Allsance.) o e % GERMAN BONDS AND STOCKS. Special Dispatch to The Star. NEW YORK, September 217 Bid. Aske per 100 R M 59.00 61, an without 000 R M T million ‘ma r - Gov! ‘arawing ‘ctfs pef 1. (Quoted in dolls; "Bhoiea in"doliars pe geim g Bl Vi eriin 4s prewar... . urg 3s. | Hamburg American: Line orth: German Lioyd 4%as Kup 30, 1991 5 Dusseldort 4s pre-wik i G A A Ly Munleh ibted’ AE S o s i fx derstnd Frivat iele G e Bresdner Ban 104% 104% | Deutsche ank Darmstaedter Bank Heyden Chem .. Mncuruinnknvh Aosttian A E G (General Eiee) West-M8 5% 77 West Pacifio 5s. .. . West Shore 4= 61. .. Whee! & 1. Ecn & Wis Cent gn 45 49 « 12 Tk 2 _ | Immense quantities of fruits and of from | The handwriting on the bank -wall s | of gold in quantities of $1,000,000 or El e - i SUPPLY 1S LARGE {Fresh Receipts of Fish and Oysters Arriye at D. C. | Market. Additional receipts of fish yester- | day afternoon and this morning,came | to the relief of dealers in marine ‘prods | ucts and insured fish for all who de- ‘mu\ded them for the day's trade. | There was nothi to suggest a glut- i ting of the market, however, but prices were reported slightly easier. There' was no scarcity of oysters, according to reports, mostly shucked stock being thes ame as those repo: yesterday, There were scm hard crabs to be had, but soft crabs were very scarce, very few dealers having any to offer the trade. Cherry peppers, a small red pepper resembling cherries, product of North Carolina growers, and cranberries, re- celved from New York packers, made their appearance this morning for the ’flnl time this season. | Large Supplies on Hand. ‘There was nothing mild about the i | peppers, dealers stated. and the demand for them at. $1 a basket was slow. Cranberries, 25-po ‘were und boxes, quoted at $3.75. The demand for them was not great, dealers stated, but it is certain to increase from tjme to time until the Thanksgiving season when they will be in demand as a turkey dinner. accompaniment. vegetables, both homegrown and ship- ped-in, were in evidence this morning, but business, according to dealers, was not particularly brisk. Commission merchants had their attractive receipts to claim the attention of buyers, their list including practically every variety of both fruits and vegetables. Dealers had some exceptionally fin quality Jettuce of the iceberg type from IC_llflornlL said to be as attractive as | any of the vegetable ever offered the | local trade. Crates of 48 heads were | offered st $6. . Large-shipments of okra from North Carolina found slow sale at $2 a bush- | el basket. Okra is-said dealers to | possess a splendid food value and may i be prepared in many different ways. Receipts of produce on the country line this morning were not so heavy, Fri- | day being termed a dull day by coun- | try. haulers. - It is ‘expected that re- | ceipts tomorrow will be much heavier. A continued firm condition of the butter and egg market was reported, | dealers- expecting egg prices 1o go | higher “the coming week. Cheaper | | prices of eggs not_expected much | 1 before the Thanksgiving holiday sea- ! son. | | ""Ment prices today were the same as | prices reported the it few s, sales | gradually increasing. Cold weather al- | ways brings increased sales. - Prices of | | most commodities today were about the | same as yesterday's prices. | ‘Today's Wholesale Prices—Jobbers' Prices Slightly Higher. Butter — One - pound prints, 48a49; tub, 47a48; store packed, 30a3: | Hennery, 48a50; fresh selected, : current, receipts. 45a46. alive — Turkeys, hens, ! Spring chickens, large, 30; | brotlers, 30: kzhor;s 1 Eg 46247 60a70; old, 35a40, Dressed—Turkeys, 38a40° Spring chickens, large, 38a40; | medium. 36a37; broilers, 38: Leghorns, | 34a35: roosters, 26; ducks, 28a3 80a1.00. Meats—Beef. 22)3a2! {lamb, 25a27; pork loins, | hams, 26; fresh shoulder: hams, 28: smoked should 2 287 lard,"in bulk, 14; in racku(e, 15. { Live stock—Galves, 13a151; Tafibs, 12a13. Fruit and Vegetable Review. ‘The dally market report on fruits and { vegetables, (compiled by the Marke! News Service - Bureau of Agricultural Economics) says. (Sales to jobbers ex: cept where otherwise noted.) i . Apples—Supplies moderate: demand :nfrm. market steady; bushel baskets, Virginia, United States No. 1, 215 inches | up, Grimes, 1.50a2.00; Delicious. 2.25a 12.50; few 3.00; unclassified Delicious, | 234 inches up, 1.25a1.50; United States {No. 1, 3 inches up, Yorks, 200; Stay-. | mans, 2.25; unclfi&lmed 1.25a. .::‘ ndl Cabbage—Supplies moderate H Ilnhderlu, market dull; New York, 80- 100-pound sacks, 1.50a1.75. Celery—Supplies moderate; demand light, market steady; New York 23 crates, early varieties, 2.25. Grapes, Eastern stock—Supplies light; ciem=nd slow, market weaker; Delaware, climax baskets, Concords, | | fairly stable position, with consumption (COTTON BUYERS HOPING B Py S 4 S NG.. STAR,. WASHINGTON, 'D. C. FRIDAY, SEPTEMBER %7, IS DECLARED BRIGHT 3 48 w——— s 3 Continuance of High Prodictiun : and Sales Is Seen . :BY J. C. ROYLE. Special Dispatch to The Star. 5 NEW YORK, September '27.—With the end of the third quarter of the yea: approach! preliminary reports indi- cate that ling’ records have tection throughout the last three. months and that mo slackening of the industrial pace need be anticipated for the three months to come. ‘Wholesale and retail demand- gives evidence of being higher’ today than it WAS & Year ago, and procducers are ade- quately equipped to meet it. The first thing which strikes fhe shrewd observer fs the continued de- this 'season, but registrations and for eign sales indicate that 500,000 or more vehicles went into the hands of oper- | ators in the last 30 days, There is no huge accumulation of used cars, and no undue pressure is being brought to bear on agents to overstock. . Gains recorded last week in building. construction contracts -let have been | fully maintained. The volume of con- struction of d"mnfig ‘is not as high, perhaps, as some of the optimistic hoj and lumber production is still slightly ahead of new business, but .the gain from the low of the Summer marked. The gain is most marked in]| street and highway projects. Cement. shipments are showing improvement. | It follows naturally that, with auto. mobile manufacturers and building con- striction advancing, the steel trade has|, felt a forward impetus. This is shown by the volume of iron ore. being shipped before close of navigation on the Great Lakes, In August Lake Superior mines. sent out a record tonnage of 10,806,967, making a total to the first of this month of 43,717,787 tons, or over 11,000,000 in excess of the shipments last year for: the correspondirig period. 1 Oil production figures are not par- ticularly encouraging unless they are read in the light of the changes likely to come from the more conservative policies now in effect. The coal indus. try is no daefler in the mire of depres sion, but it attempting to lift. itself by its own bootstraps, a somewhat strenuous process, Textiles are in a of both raw cotton and wool larger than anticipated earlier this season Shoe output is now sagging a. trifle, but is expected to pick up in the n distant_future, especially in women'’s lines. Demand for machine tools is in- sistent, and orders by railroads for lo- i comotives, freight cars and other-equip- | ment are most satisfactory. The fact that newspaper advertising is averaging 4 per cent more lineage than a year ago has given a brighter outiook to the paper manufacturers, who have been | working their plants at 80 per cent of | capacity. 2 FOR PRICE REDUCTION Special Dispatch to The Star. 2 NEW YORK, September 27.—Grow- | ers and consumers alike are likely to feel and express keen resentment over the forthcaming report on the Govern- ment cotton estimate, scheduled for Oc- f| :ell;r ': thn!hor:lutlv’e ;!W!‘Lx from each of the cotton industry made plain today. i i Goods manufacturers, while they have increased Fl’oducblon this year, have had splendid sales and this has enabled them to keep production with- in reach of consumption and to reduce burdensome stocks. They anticipate a still further and more extensive de~ mand, since the style trend is distinct-~ ly favorable to them. But on the strength of the, Government diction of 14825000 bales as of September 1, they have been holding off from buy- ing raw staple te-fill.the requirements for this increased:demand. in expecta- |tion of a possible reduction tnxP;me" levels of cotton. . Now they are becoming exercised as to the reliability' of the Government ! estimate in view of the alarming re- ports of deterioration and weevil dam- age, which have' come from private sources. They are in a position where an advance in goods prices might well cause a buyer resistance most difficult to overcome. And if raw cotton ad vances, their margins at present goods: prices may easily be cut to the van- ishing point. ! The planters and business men of the South who have been instrumiental in financing the 1929 crop feel that the last Government’ estimate was too high. As in times past, the whole question of the reliability of Government reports; hinges on the “pars” used in the crop reporting board's calculations. mostly-around 55; few low as 50. Lettuce, Western stock Surpllea 1ight; demand moderate, market slight- Iy strongér: Colorado, crates, Iceberg type, 4-5 dozen, best mostly around 5.00; fair quality and .condition, 4.00a4.25. Eastern mk_—aku;:pyuelu‘ v;ry nuyl;trk d;q w, marke! ; New L 2= el n type, l,ilfll.lfl.! edium to mPelnhu—Bu;‘pllel very light; demand light, market steady: Virginia, bushel Elbertas, No. 1, medium bushel baskets, New York, S. No. 1, medium to large size, 2.75a3.00. Pears—Supplies light: demand mod- erate, market steady: New York, bushel baskets, ‘Sheldons, No. 1, medium to large size, 3.50; Anjous. medium xlne,‘ 2,50: bushel baskets, Seckels, fancy, 3.5024.50. Potatoes—Supplies moderate; demand | moderate, market about steady: n}a{-m;, Maryland, bushel hampers, 1.25. ‘beans—Supplies very light: de- ht, market about steady; Nor- V! ia, bushel hampers, green, fair quality and condition, 1.25 few "15“ '1.50;' poor quality and condi tion, 75. 5 R Lima beans—Supplies light; demand moderate,- market steady; East Shore Maryland, bushel hampers, best, 2.50; poorer, 2.25. Tomatoes—Supplies light; demand moderate, market slightly stronger: ygn;bv Maryland, . % -bushel’ hampers, Plums and prunes—Practically .no | supplies on market. 53 5 Western Maryland. BALTIMORE, September 27 . cial).—Ln keeping with the gen trend toward prosperity of the Nation's railroads, the report of the Western Maryland way Co., just issued, shows a gain of: $105,034 in net in- August of 1929, poy a gain of $345214 in net income for the first eight months of this year, as compared with the cor- remdln‘{ period of last year. 5 net incomg for A it of ‘this year was $331,608, while that for Au- gust of 1928 was $255,574. For the first eight months of 1929 net income was $1,625,110, as compared with $1,207,896 for the corresponding period of 1928. e STANDARD - B! S EXPANDS. .NEW YORK, Septembér 27 (#)— Standards Brands, Inc., ganized Morgan ) tion, plans to i the Widlar Food Products Co. of Cleveland, on the basis 77-100 of sh REAL ESTATE LOAN Made at Low Interest Rates TYLER & RUTHERFORD Advantages ineident to direet Tepresentation 1520 K St. N.W. First Mortgages For Sale JAMES F. SHEA 643 Louisiana Ave. N.W. Continental vTrust Co.v 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts - :Acceptance Credits Time Deposits . Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques TCollections Real Estate Loans Collateral Loans . “Investment Securities ° Cprp-m'-lh' “Trus Individual. Trusts Administrator, Executor Safe Deposit Boxes Continental Trust.Co. 14th and H Streets WADE ‘ 1. COOPER. President Capital, $1,000,000.00 See frst deed of, ; 7 .lo .{}:.w‘.me yad ENTERPRISE SERIAL BUILDING * ‘ASSOCIATION - h St. & La. Ave.N.W, 63rd Issue of Sioek Now .- for Subscription Shares of Stock, $1.00 Each - Payable Monthly - James E. First Mortgage Loans - Consult Us'Regarding Your Maturing Mortgage or Any < Ren—l;Est.llte Financing Problem. ¢ We make 3, 5 and 10 year loans on houses, nbarl;mgnts and business property. ' in: Wéshifigton, néarby Maryland . and Virginia =~ ° e RANDALL H. HAGNER & COMPANY °!7 71321 Connecticut Avenue NW. . ', ’ Decatur 3600 N et . ... Mortzage Loaw Correspondent New York Life Insurance Co. NG JORN JOY EDSON, Presifent ~WALTER. S. ’ Organized 1879’ . 49th YEAR COMPLE Assets .. +«:..85/675,899.10 Surplus & Profits. .. -$1,695.894,08 ‘| Subscription for the 97th Iisue of Stock Beimg ‘Réceived . THE_Equit‘able‘s plan of sys- . & tematic savings encourages |’ thrift in a manner that if con- sistently followed . will “even- tually lead to ‘financial’ indea.| ‘pendence.” Start --now’ while you have' a steady ‘income.’ Come in and let ‘us explain about oux;sys_gem‘g_tit"p)an.‘ 4 PRATT, Jr., Secretar X tary For a. Safe Investment g A : ~ REAL ESTATE NOTES * S Secured by o " High-Class Improved Propeértics " . Competent Appraisals . 6% interest el .Cofi‘ule A EAVER BROQ REALTORS \ NW. . " District 809 15th St. 0486 - - WOULD YOU LIKE' ' TO FORGET - . * YOUR CAR HAS - TIRES? e Safet.y at».“70-". Fia \ Goodyear . . "DOUBLE EAGLE . Tires and Thibes bt | 'I(’m'x"Cou!d Buy No:Better’- 1 - Ben Hundley 7% GOODYEAR-TIRES ™ ” ... 3436 14th St. N.W.. "+ (4t Newton) DON'T EXPERIMENT.‘g Investing money is-something *that should be ‘done with,' the ~guidance of experience—either “personal or, observed,.. ... An accredited “and ; atcepted standard ‘investment is our ;> - 69, FIRST "MORTGAGES - The -element-of -risk- is -lack- -+ ing; the certainty: of continuous; definite and liberal” returs'is " assured. Tl Ce i We have .appraved .the. loans, these First Mortgages-represent - —and you can depend:upon:their -» Security. % . . May be purchased in amounts from $250.up. .. - "B F. SAULCO, . Nationa‘l‘ 2100 Ové; a Third - Ca‘nlwy’. ' Withot"a' .Lass.. * oy THERE