Evening Star Newspaper, October 11, 1929, Page 13

Utility and Oil Shares Are Leaders—Selling Is Well Absorbed. BY JOHN A. CRONE. Special Dispatch to the Star. NEW YORK, October 11.—Under the h‘denmp or utilities and petroleum shares, curb prices opened hlgher to- day. Thl.s rally continued, despite sev- eral waves of profit-taking. New highs were numerous, while most sections of the list showed signs of recovery from previous weak spots. Comonwealth Edison Rights, New England Power Association and Com- munity Water Service were among the utilities that early reached new peaks. Allled International Investing proved a strong spot in the investment trusts, climbing to & new maximum quotation. Citles Service common, following the slicing of a $50,000,000 “mellon” in rights, opened at 65, or a new high, on ® block of 10,000 shares. The rights opened at 2% il Shares Strong. Standard Oil of Kansas in the fere- noon crossed 30, a new high mark, the pool in it gave it a vigorous twll'l Many of the other active Standard Ofl shares pointed higher while miscel- laneous oils were relatively neglected. Fox Theaters gained following an an- mouncement that tomorrow, in honor of the twenty-fifth anniversary of the founding of the business, new common shares would be offered in every theater in the country belonging to the Fox chain. Cleveland Traction was reac- tionary at time despite reports on the floor that it is being sought by Inter- national Harvester. Dairy Mergers Talked. Foremost Dairy Products and South- ‘west Dairies were active on the strength ‘?.fm‘i‘a'"" merger talk belng heid oy & merger g held by eompm in Chicago today. Mm'l Products hit a new low. York Central rights furnished a con- trast to the relative easiness of Penn- road Corporation by scoring & new high Baltimore Markets @pecial Dispatch to the St BALTIMORE, October 11.—Potatoes, vmu barrel, 1.5024.00; 100 pounds, 2.50a2.90; sweet potatoes, barrel, 758 300 beets, 100, 3.00a4.00; beans, bushel, 50a1.00; cabbage, hamper, 60a80; car- rots, 100, 4.00a5.00; caulifiower, crate, 1.35a1. 75 celery, crate, 1.25a2.25; corn, dozen, 10a25; eggplant, hamper, 20a 40; lenawe bushel, 75a1.25; lima beans, 5a1.75; onions, 100 pounds, 1.7502.10; peppers, ham) 45085 spinach, EEZER0S! O o BREER252; FESESR & 2R o! S2LRIRE L35UBERLBS § TS} > 2Z2] 85, Gt 5 ot EE 3 SR w Knox rts wi.. e Ridee :E? o 0913 e e wame 28oMInE EE oS BaBBBoRIRE L SO FERERES L s s Bl 2 2 3a58a 8 6 Burco war wi_ n M W 2 888325 ‘arnation Co 18 Cent Atl sta 8ei ¥ié Sananne, 0589502, 2 Gent Sta ll mnv Citles Ser 3 5 lDanner ‘Bteel ;Bz,,,.fi? C &R 1 Duy Sulp E2 gumeSEs FEERE ot tone _ Tire, Fow & Lt 78 'pid 100 usugd, pr & OEE psuzaSHe soges oy ok s «:7- s 43 3 i 1Uni Fodtcers Bec 2 raxdu JuRSMEe Y n(d . 1"‘ i ines n,: 48 48% 0 1Winter B J. 6 Zonite . 3 30%2 Washington Ticker By the Assoclated Press. Natural economic forces have accom- pluhed what Federal = Reserve Board officials have desired for a long time. The loans to brokers and dealers, held by New York Federal Reserve member banks, have decreased—undoubtedly in response to the ‘Tecent drastic breaks on the stock market. For the first time in eight weeks the brokers’ loans diminished during the week ending October 9. But the de- crease, totaling $91,000,000, still places the speculative loans at ‘unusual heights, only below the figure of the week of September 25, two weeks ago. Reserve Board officials were loath to predict the future course of the loans, but financial observers were expectant that another would occur next week, releas- lnx lddlflonll funds for use in busi- 'l'he drop loans, which totaled $6,713,000,000 for the past week, as compared to $6,804,000,000 for the week ending October 2, was the first decrease recorded since the week of August 14. That week responded with a decline to the increase of the New York Reserve Bank’s_rediscount rate from 5 to 6 per cent. But the following week, that end- ing August 21, recorded a sharp gain of $139,000,000. New Theory Presented. The steady rise of the brokers’ loans trom the week of August 14 ranged in eekly increases from $95,000,000 to nsvonom until the week of Septem- ber 25, when a gain of $192, 000000 m‘ht the total loans to $6,761,000,000. Prior to the week ending August 14 the loans had increased for four successive ‘weeks. Reserve Board economists are pre- sented with a very interesting theory as a result of the loan totals of the past few weeks. The loans increased vigor- ously, despite falling stock prices, and last, week, according to the index chart of their cou the curve of the loans crossed and topped that of stock values. In the past has been interpre on the stock market as a guide post of drastic recessions in securlcy prices, and apparently it reacted that way—the market became topheavy with loans and stock prices promptly dropped. At cording to some observers of stock fluc- tuations there have been similar situa- tions of overweighted brokers’ loans in relation to stock prices in the past, and the stock market broke each time, June and December, 1928, and March, 1929, being examples. In the loans for the last week New York banks took advantage of the stock market conditions to withdraw their funds, lopping off $98,000,000 with a total of $973,000,000, compared to ll 071,000,000 for the preceding week of October 2. “ Received by Private Wire Direct to The Star Office 30 Ariz Globe 3 Buana MeKubw 3 Com Tu: 1 Wendon Cop Sales in INDEPENDENT OIL STOCKS. hundreds. 1Am Con Oilfids. /e Sales in umts. | Sound, the vicin: D. C., FRIDAY, OCTOBER 11, 1929. (OYSTER DEMAND AII]EI] BY WEATHER <= Pnec of $1.50 a Bushel | Paid Here, With $2.25 for Shucked Stock. Frosty weather this morning sharp- s |ened the appetites of persons fond of % |oysters and resulted in increased de- mand for the bivalves by both con- sumers and retallers at Municipal Fish Market, There were boatloads of choice %un from various places on the Chesapeake Bay and tributaries, dealers fipt;lrtled, prices being around $1.50 a she It was reported by dealers that oysters were from Tlnflfl- Island, Pocomoke ity of Solomons Island, Norfolk and points along the lower Potomac and Rappahannock Rivers. Norfolk stock sold at prices in advance of_prices ror rlver nysfien Dealers also F quantities of shucked stock !rmn shi dppera at points on Chesapeake Bay and the lower Po- tomac, standards selling at $2.25, and selects at $2.50 a gallon. It was said by dealers that oysters received the past few days were in splendid condition. Hundreds of coops of chickens were piled high in front of wholesale houses 3674 this morning, the immense quantity Ky n. 1700 Vacuum O Sales in" tnousands. 2 Ala Pow 55 '56.. 016 10412 i 5 100 Appall Y Pow 5 '56. 94t G & El 48 "48 1903, T, 3% 44 G131 oyt g ] T fow oo 3 Gutt Ol Ben 8 1gult Stat Ut 55 . £ 588! = suggesting the chickens being more plentiful than usual. “But,” commented a dealer, “thcre ¥ probably will not be a great numl of chickens to carry over the week although the market is & little draggy.” Poultry Prices Down. Prices of poultry’ have been a trifle 442 | cheaper the past few days. 17 Commission merchams this mo: had their usual large quantities of fruits and vegetables to claim the at- tention of retailers, while along the so-called country line dealers-had fairly heavy supplies of vegetables. Fruit reczltpu for the week end market were fairly heavy, but demands this morning were only fair. Shipped- in vegetables of various kinds, mostly of top quality, were offered. Lima beans, mostly from the Eastern | il Shore of Maryland, were more plentiful and cheaper, selling around $3.50 and $4 a bushel. Okra was quoted at $2.50 and $3 a bushel or $1.25 and $1.50 a pony basket. Country tomatoes, plenti- ful, sold from 50 cents to $1 a basket. Dealers on the country line had 3 plentiful quantities of tomatoes, pota- toes, spinach, kale, beets and carrots. Business this morning was not par- ticularly brisk, dealers reported, but heavy trading is anticipated tomorrow. Prices quoted by dealers this morn- ing were about same as prices quoted yesterday. Today’s Wholesale Prices—Jobbers” Prices Slightly Higher. Butter — One-pound prints, 47a48; tub, 46a47; store packed, 30a32. Eggs—Hennery, 52a55; fresh selected, 48a50; current receipts, 43a45. Poultry, alive — Turkeys, hens, 35; toms, 33; Spring chickens, large, 27a28 broilers, 30; Leghorns, 20; Leghorn rowla 22a23; ducks, 15a20; keats, 60a70; old. 35040, Dremd——'nxrkeys, 40242 &. l:hh:k- ens, large, 37a38; medium, 36; brof 8;~ Leghorns, 35; roosters, 24a 20a23; _veal, 26a32; lamb, 26a27; pork loins, 32; fresh’ mm‘ 25!25 fresh shoulders, 20a23; smoked FINANCIAL. BUILDING ACTIVITY l 1!]!—43 Pflced cent. Offered by lymucau includ.uu ‘White, Weld & cu mugflg-lg;g Sorporation, Esta- | Construction Valuation To- o pat common otk . Dricen at'ssaso| tals $95,244,000, McGraw- share. Offered by the N. W. Harris 3 Go, B M. Bllesty & Go. and Porter Hill Daily Reports. SHIPPING BUSINESS IS i ntd e NEW YORK, October 11.—Proposed BOOMING IN BALTIMORE |neavy constriction _operations an- nounced throughout the country in the Special Dispatch to The Star. past week revedled a high rate of ac- BALTIMORE, October 11.—The ship- | tivity in public work and commercial building business is flourishing in Bal- McGraw-Hill Construction Complete Investment GreeeT & CoO. BANKERS INVESTMENT BUILDING ‘WASHINGTON, D.C. Telephone National 3460 timore. One yard alone is amshln[ work on a steel vessel and starting to lay the keels for three others. ‘The Spedden Shipbuilding Co. is constructing & 90-foot Diesel-driven tug Xur the Unmd States Public Health Blocks in place and the keel drilled lor l. 95-foot steel tug ordered t.he Oll Transfer Co. of New York. be powered with Ingersoll- Rnnd Diesel enxlnu A 57-foot tug for hotels, the Atlantic Gulf & Pacific Oil Co, New York is blue-printed. The Spedden Co. only recently launched the Argus, a 121-foot patrol boat, for the War Department. She will be ready for delivery January 1. COFFEE FUTURES TAKE TUMBLE AGAIN TODAY By the Assoclated Press. NEW YORK, Oewber 11.—Coffee fu- tures again tumbled about 2 cents a pound on t.hn New York Coffee and ugar Exchange today, repeating yes- urdnys collapse. This is the maximum fluctuation which the exchange rules sponse to a collapse of the Brazilias primary markets. Santos coffee for De- cember delivery reached 16.65 cents a pound, the lowest of the year. — RADIO CHARTER FILED. NEW YORK, October 11 (#).—The General Motors Rldlo corpnrmnn has ed & charter with the Secretary of State at Dover, De showing author- ized e-pluunuon of 310, 000 000 of Dl’!- ferred and 1, shares eommon mck Genenl cently arranged to license patents from Radio Corporation of America. YOUNGSTOWN, Ohio, October 11 (Special).—Reductions in steel mill op- erations in the Mahoning Valley :re ID- parent this week. There are 86 fini ing units and 35 steel making um openm:n " ‘The ‘achedt ule is about '15 per cent of capacity. SHREVEPORT, La. October 11— Production of crude oil increued 4620 barrels in North Louisiana d past week owing to increased yled n! d in Caddo Parish near Only one small well wn ugl 3 avérage product in North Louisiana was 43 474 bll'l‘!].l Production in Arkansas fell off 170 bar- il- | rels to 64,580. 8T. LOUIS, October 11.—Flour mills in this section are operating at less than 70 per cent of c-pnclty. ‘The out- put, however, has been heavier than at this time last year. ’me uncertainty of the wheat mnket. it is claimed, has ‘The total money " evaluation for all classes of construction for this perlod is $95,244,000, & figure which exceeds the $51,995,000 announced in the preceding week and the total for the correspond- l‘xgg ofiek a year ago, which was $81,- By classes, the sums involved in new $8 ; educational build- f | ings, $12,255, 000 commercial buildings, which includes stores, garages, ware- houses, etc., $13,525, ooo public work, $2,461,000; industrial’ builflin?fl- $7,458,- 000; hospitals, $18,675,000; railway im- provements, $5,000,000, and unclassified Jjobs, $8,710,000. The biggest job announced for the week is the 60-story Natiopal City Bank Building in New York, which will cost $9,500,000. Another lnrze project, which involves the expenditure of $9,000,000, is the combined sewer drain which Oak- land and Macomb Countles, in Mich- igan, will build jointly. ‘The Chicago, Burlington & Quincy Rallroad is planning to spend $5,000,- 000 for a yard and terminal facilities in Galesburg, II.. A total of $5,000,000 will be spent by the Shell Development Co. on the construction of a nitrogen filtration plant in Long Be: 5 ineiuds cottages, tal group, iclude cof & power house and an administration building, will soon be built in Ann Arbor, Mich, at a cost of $7,500,000. Fort Worth, will spend 84,000,000 on schools. Borden Co. acquired Dairy Corporation, Co., the ‘Winnetka Sani Dairy Co., (“J’o 's Dairy and the Hohlfelder Dairy Charter No. 3625. REPORT OF CONDITION Enjoy Safe and Steady. Income Guaranty, Pirst Mortsage Notes and ‘Bonds are recom. ended to investors because of“their nm: eld.’ Tney ntlal business Brope erties iniversally rded 43 among the highest type mortgage collateral, and are further ~protected our $3,400,000 resour: If you have money for in- vestment you t ‘well _enjoy Uiberal return non ative and .mm‘“" stock fluctua- Denominations from $250 up Send for Catalog Capital Resources $3,400.000 24 JACKSON PLACB Columbia National Bank Of Washington, in the District of Columbia, at the close of business on October 4, 1 1. Loans and discounts Overdrafts 2. cessessne . 3. United States Government securities owned . i and securities Other box;’d!. 8. Reserve with Federal Reserve Bank 9. Cash and due from banks ......... 1% Outside checks and other cash items Redemption fund with U. 8. Treasurer and due from U. S. Reserve District No. 5. 558 i o BTN N Out-of-town blnkg faced hlms. 26a28; smoked shoulders, 18a20; 4, | bacon, 28; lard, in bulk, 14; in pack- |Tesulted in buyers holding off. ages, 15. Live stock—Calves, 15; lambs, 12% bl L 3. Capital stock pald in 15. 13, A i e 2 s ; McLachlen B.ankmg L o SRR Apples—Supplies moderate; demand Corporation 19. Reserves for interest, taxes and °'-""W"Mlflfl unpaid 20. Ci tstan - | Of Washington, in the District of 3 moderate, ""15.5.‘1."%';?’3 o, et | ¥ SRR Lo S S | 21 melading ce inches Grimes, 1. inches uj rimes, 22.25, higher unclusmed. 215 ches u& o X S naes color, 1.2581.50 :soo No. 1, ;55 ches | 4 Other s o City of Washington, District of Columbia, s§ . lew 3 ix cashier of the lbove 3 inches up, 2.25, few 2 50, : Gash and due from e that the above statement is tnle to the best of mmk::gmmm?m”u?m b uncxmmed. 215 inches up, 1 25a1.50; A checks "and" other U. S, No..1, 2%2 inches up, Staymans, Subscribed and sworn to belor! me this 9th day o! October‘ 1929. Notary Public. 17583005 3 nches Up, 3256350 8| (Seal. SCOTT, oS s, st : o R e iz et dul lew Yorl -pount L X HARR' sacks, Danish type, 1.752.00; ‘100-pound | 8. Surplus o e = DAVID 3. EA Z sacks, 2000325, | Pennsylvania, 100 | i Reienied SFOAGR DORE W. NOYES, THEO! pound sacks, Danish tyre tingencies, 15,760.81 ‘WHITING TES, ,TER RATT, i i al‘;? pf.u”tlhmhyc’ " Phed 3 il ¥ PRARE S STRYKER leman low; market about st E New York and Michigan, 12-quart |22 4 e climax baskets, Concords, U, S., No. 1, |33 po: 616.008.65 4.00; quinces bushel, 1 cssnagsenssnsiosast S5 TERDIGYT N Dairy rrle- 'l‘odny. ROESREE R EE S BREE2.88, s 3380532 ¥y W S FF IS ER i many T (B mone; lorm o ns, recor 258 ) a gain of $34,000,000 with the totals o '"'“"""-' 33 $3,941,000,000 against $3,907,000,000. FOREIGN BONDS. ands. “Hands Off” Policy Noted. . ’ r Bk s u ”,, From & h governmental source 1 Buenos Alres Ts * there is uiceh:uon of the policy of the R 7',‘\ 8 973 United States to “kee, through cipa private American bankers, of the bank of international settlements, the plans of which are betnx formulated at Baden "The. propossl put forth by th pul e organ= hwnmwmmxms ©of the international Sbsotuts. veto Tighis of ctivities of the| I¢-Ex aviasns al el o of the international institution was S e e in governméntal circles in Washington | ww—With warrants. as a “feeler” to bring about a fayorable ———— attitude on the part of the United Btates tor offcial pasticipation. But, | BALTIMORE BONDS GO REE2a8E, N .ulnu fowls, each, pnr 25, mts 490 cases; native and 48 current receipts, 41a 42; hamery ‘whites, 52a53. Butter—Good to fancy creamery, d, 42a48; ladles, 35a36; rolls, Sll 2; plroee- butter, 40a41; store packed, &l 9 L NBLSES N, o e i T £t SRR 2 T A Live Steck Market. ccme—mipu 200 head; good sup- ply; market active, Steers, choice to prime, none; good to choice, none; medium to good, uzsnm': f-xr §3 mse¥e. Sund £ R3858228, FR FSRSRE 3 S238823322383228 VS F W 858228082 1 38 5 2 4 60 6 1 14 [ 2 1 38 2 2 3 4 1 1 4 2 ’i 2 H 3 2 ] 3 8 1 4 ,50; common to plain, . Helfers, choice to prime, none; good to choice, 10.25; medium to f)od, 9.0029.50; fair to medium, 8.00a m, plain to fair, 7.00a8. Ehm $.00u7.00, an 3 head; fair supply, market ncuve ,Gh!e’p 2.0026.00; lambs, 6. 0!3 3 Calves—Receipts, 100 head; light sup- Ppiy, market steady. Calves, 7.00a16.00. Hay and Grain Prices. < Wheat —No. 2 red Winter, spot, 129%; No. 2 red Winter, garlicky, spot, 126; October delivery, 126; November, 127, Bag lots of nearby, none. Cargoes on grade, none. Corn—No. 2 export, September deliv- ery, no quotation; No. 2 domestic, yel- low, 1.15a1.16; cob corn, 5.7586.00. Oats — No. 2 white, domestic, spot, :;ul: No. 3, white, domestic, spot, 561, p| about over. A little new crop is arriving, but hardly enough upon which to establish quotations by grades. Where in good order, new hay sells at from m';o 1.':’00 p;; &n, lco;:rdlx.:’g to n.: and condition, receipts by trucl taking care of most requirements. Straw—Little demand for straw. Re- eeipts generally ample. Wheat straw, No. 1, per ton, 9.00a10.00; oat straw, No. 1, pe rton, 9.00a10.00. —_— TREASURY RECEIPTS. ‘Treasury raceipts for October 9 were $5,355,021.24; expenditures, $19,090,945,- 43; balance, $353,558,527.92. SHORT-TERM SECURITIES. (Reported by J. & W. B!lllmln & Cub Allis-Chalmers 5s 1937, 1 ¢ 5%, ‘Aluminum Co. of Am. 55 1052 100 ' Amer. ‘Roling M 35 Toan. . Gen. Mot. Accép. Corp. S8 1997, D, Goodyear T. Grand ‘rrn?l x of Cunads 61636 1 . ;}" oe Ol Y8 1033 ntl. I“ll:h Coj l! ihell Union .. o s‘nch" Cgld lell’t‘:] 55 1046. Mapes Cons MIg. 53 Marine Midiand. flower ~Assn £ 333 998 :un_u-uq..u..._:._—u‘-‘.., £34 Broad g » =8, 5 _u...-o-......&'.‘.- & | revised. % a 24 Pennroad Corp vic.. 1130 Pennroad Cor, vic m .w. op L 000! LR i 222! 2 E 3 90 QL & SRy, 81091 although the idea was considered an excellent step by high State and Trea: ury officials, there was no official indic: tion of a change of policy by the American Government. However, American officials close to the istration are very anxious | that the United States Government, not be put in the light of opposing te the international bank for fear of injuring its successful formation. The policy of watchful waiting—and the possibility of no official participation by America in “46 the tuture——u based upon two remm by Washington officials. One is that !he United States has but a small financial share in the German repara- tions—some $300,000,000—and secondly the law at present forbids any official of the Federal Reserve or the Treasury to participate in such an international banking scheme and it undoubtedly would be a considerable step to con- vince Congress to change this regulation. ‘The participation of two leadin American bankers in the i.nurnnuom bank, albeit in unomchl capacities, lends the United States an "Snslde" post of observation in the institution’s opera- tions. The American bankers will be in close touch with the Government here 80 it will be fully informed of the in- stitution’s operations. In official circles the attitude was generally taken that if the bank is formed opportunities will occur which will give the United States a proper vantage to participate officially if the present policy ever should Twists in Commerce Horizon. ‘The favorable visible balance of trade of $397,767,342 which is recorded for the United 'States in the first eight months of 1929 presents several incongruous twists in the commerce horizon of this The ‘total exports, valued at $3,407, 239,518 for the period, represents sev- eral unusual and substantial gains on the part of America's foreign custo: ers. Canada with a total of $650,000,- 000 not only recorded an increase of of approximately $70,000,000 over the % | same period in 1928, but took the role 4 | of the best buyer of ‘American products, and another dominion, Australia, also showed a sizeable gain of $10,000,000 over the 1928 period, with a total pur- chase of $103,000,000. The increased economic strength of the British Isles % | was reflected in larger American pur- chases and Argentina took a notable |1elD from $114,000,000 in 1928 to $145,- 000,000 for the 1929 eight months. But the enlargement of domestic in- dustries and manufacturing took its toll, accord to Commerce Depart- ment experts in Germany, Italy, Soviet i Russia and Japan—all of which re- corded decreases in their buying of American products. Germany led in lessening its purchases.with a decrease of ‘20000000 and at the same time increased its imports by $28,000,000. Lamont’s Statistics Startling. The American business man may be TO ROBERT GARRETT CO. Special Dispatch to The Sta BALTIMORE, October 11.—The issue of $4,037.000 City of Baltimore 4 per cent coupon bonds was awarded yester- day to a large banking group, headed by Robert Garrett & Sons, on & high bid of 95.83. Other members of the successful syn- dicate include White, Weld & Co., Bancameria-Blair Corporation, Esta- brooke & Co Gme B. Gibbons ‘& Co., Dewey, on & Co., all of New York, -nd t,hn Od colony Corporation of Boston. ‘The securities, which mature from October 1, 1933, to October 1, 1948, were purchased on an lpproxlmu]y 4.41 per cent ‘This was almost the same price plld for the last Balti- more issue, which was marketed in June, and was regarded as a good price. COTTON MARKET. NEW YORK, October 11 (#).—Cot- ton market opened steady at a decline of 6 to 13 points under Southern sell- ing, while there seemed to be some pre- holiday realizing or liquidation. There was enough trade buying and covering to absorb the initial offerings and cause slight rallies right after the call. Sell- ing continued, however, and the market be | at the end of the first half hour was about 6 to 9 points net lower. December sold off from 18.60 to 18.56 and March from 18.98 to 18.94 in a comparatively quiet and narrow market. Liverpool _cables reported covering and continental buying with hedging light in the market there and said there had been a moderate business in cotton cloth.s with Egypt and the Near East. GRAIN MARKET CHICAGO, October 11 (#).—Wheat scored price gains today after initial downturns associated with Livel l quotations lower than expected. ports at hand said the wheat crop ln the far north of Argentina was a fail- ure, and that indications pointed to good export business overnight in wheat from North America. Opening ut. the same as yesterday's finish to %c off, Chicago wheat later showed ndvlncu all around. Corn and oats developed firmness likewise, with corn starting unchanged to Yac lower, but afterward turning up- grade. Provisions were easy. SOUTHERN BUYS CARS. The Southern Railway System has Purchl.se& 5,000 freight cars to be de- ivered in time for service during the ‘Winter months, FOREIGN nxcm;on mostly around 55. New York, 2-quart|? climax baskets, Concords, Niagaras and Delawares, 18a20. Pennsylvania, car- tons containing twelve 2-quart climax baskets, Concords, mostly around 2.50. Lettuce—Western stock; supplies light, demand moderate ket about steady. California, l.”rlm Iceberg type, 4-5 dozen, nsasso, fair qunmy lnd condition, 4.50a5.00. Onions—Supplies moderate; demand light, market steady. All U. 8. No. 1 medium to large sizes: New York, 100- pound sacks yellows, 2.00a2.25; Michi- gan, Indiana and Ohio, 100-pound sacks Yellots, mostly around 2.25. Potato Supplies Heavy. Potatoes—Supplies liberal; demand moderate, market mdy‘ Maine, 150~ pound sacks Cobblers, U. §. No. 1,4.25a 4.50; New York, 150-pound ‘sacks Round Whites, U. S. No. 1, 4.25a4.40. Sweet poumes—suppnes liberal; de- mand light, market about steady. East- ern Shore of Virginia, cloth-top barrels Yellows, No. 1, 3.25a3.50, mostly 3.25. beuns-—-suppnu light; demand modente, market stronger. North Caro- lina, 5-peck hampers Green, 2.00; Nor- folk’ ucr.lon of Virginia, bushel hampers Green, 1.25a1.50; fair quality and con- dmon, 1.00; poorer, 50a75. Lima beunn—-suppllu light; demand light, market dull. Eastern Shore of Maryland, bushel hampers best mostly ;x&und 3.50; poor quality and condition, Tomatoes—Supplies moderate; de- mand moderate, market steady, Nearby Maryland, %-bushel hampers, 75a1.00. REPORT OF CONDITIO! OF TH » Potomac Snvmgs Bank Of Washington, D. 0., 2t the clo Business on Ocvober 4 105 °F ESOU! Loans and dlsco 1 Qverdrafts ... i P2 ] 1,000.00 584,296.87 . Real estate owned thier than e R e MY .Outnldn checks 3 omer I:S.Ll Total .. - Capital stock n“ldm‘rms 3 100.000.0¢ : vmfvmaa proftsnct 100:72238 21 Duie to banks, ineluding fled” and cnmur ‘checks outstanding . 23,983.66 1,197,557, u 340,584, iy 34,060,418.39 ashier of the R, i h-;):;‘ '_d? l.olemnlr swear that my Knowledse and e be - gidbedodomting 100,000.00 cashier of the lemaly swear that the g Equitable Co-operative Bldg. Ass'n Enowiedse and | Bfl‘e' JOHN A. m JOHN No)r! EDSON, President WALm 8. PlAc'l:)l'. Jr., Secretary Cashie! 1879 Subscribed _and to befe lo"&d:; of Oc"',b,;""'é'}:; adi ors me this Assets ............$5675,809.10 Illr'l- & Profits. .....$1.695.894,08 cINTYRE, cfl,,m_,u..,tmm 3 P::‘:" - Subscription for the 97th Issue of Stock Being Received S SAVE AS Money to Loan YOU EARN T eine et o som E Equitable’s plan of sys- 420 Wash. L. it Jonep‘: Weller 55,750 LAY tematic savings encourages thrift in a manner that if con- sistently followed will even- tually lead to financial inde- pendence. Start now while you have a steady income. Come in and let us explain about our systematic plan. 915 F St. N.W. F R QEORGE M * Directors, In Nearby Virginia Prudential 51/2% lnnfiln:: Eo. Commonwealth llvemneli Co. | || 917 15th 8t. N.W. Phone Nattenal 2623 REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD ntages incident to direst represental 1520 K St. N.W, N-dn-l 0475 TY IS WORTH HeW o Fahmise INTEREST COMPOUNDED TWICE A YEAR AND FREE FROM ALL TAXES THE CHILDREN There is no such thing as chance success; the first step must_be in the direction of thrift. Start a thrift account for the kiddies and encourage them * to add to it regularly and you will have instilled in them that Spirit of Thrift which will later in life lead them to success. ' THE ADULT The successiuf investors do not allow the promise of big afieculmve profits or exorbitant rates of interest to influence ; they seek absolute safety for their principal with a fair rate of interest. “Wnex you buy Rolling Stock be sure you buy Hood Tires.” SECURITY All deposits with this Association are secured by first mortgages on improved real estate in this city and on the basis o about $204.00 valuation for every $100.00 on deposit : L Southwestern Ry. 4s 1933, 3 Quotatinns furnished by W. 8. ool e (Guotatinns furnighed, 23, oid selline checis o SHOEMAKER, | i with ys is, b m’ ng che Subscribed and sworn to before me this ry cited a national loss of | London, ~pound. .86 i A : 3 it the congertion loss practicaly | Ber Columbia Building Association sth A.f of October, IRENE B. AR) q\ull vlnt is e: ded on the con- s wionu‘rr of traffic :"’ das 5 5 716 11th St. N.W. 'NOVars Busie. Iodlm-, UNDER GOVERNMENT SUPERVISION. Vesiern. Electiic 5 Wheeling Btee) Corp. 5128 1048. Ci i .=' cnmcl—-mun TREASURY CERTIFICATES (Reported by J, & W. Seligman te - Maturity id. mber 15, 1920.. 90 ber 15. 1929.. 99 e 903098319 e WO BRI e DN R0 Spokesmen for the automobile indus- try and municipal traffic systems as. serted that 90 per cent of the traffic sccidents occurred at street intersec- sugeBuues F¥3 sassuguSuNay L . S e Bmy ol ia :