Evening Star Newspaper, November 9, 1929, Page 25

FIN ANCIAL. THE EVENING STAR, RETAIL SALES GAIN FEDERAL RESERVE "IN DISTRICT AREA Department Store Business Tops Eight Other Sections of U. S. in October. BY EDWARD C. STONE. Department store sales for October were 3 per cent larger than in the corresponding month a year ago, ac- ! cording to preliminary reports made | to the Federal Reserve System by 483 stores. Increases in total sales were reported by 252 stores and decreases by 231 stores. The change in sales varied considera- bly for different parts of the country, ranging from an increase of 7 per cent in the Boston and New York Federal Reserve districts to a decrease of 11 per cent in the Minneapolis district. The Richmond district, which in- cludes the department store sales in ‘Washington, reported a gain of 4.6 per cent over the correspond! month last year. Thirty-three department stores in this locality reported an increase in their sales, while 23 fell Behind the record in October, 1928. ‘While the fifth district was behind Boston; New York and Philadelphia, the lnfl of the other eight districts, being well ahead of Cleveland, Atlanta, Chi- <cago, City, Dallas and San Francisco. Percentage changes in total sales in October, 1928, and October, 1929, are glven by districts in the following table: of stores | No. res. Tepol ting— Dee 2 Pet. of inc. ict. or ‘States. Fed. distr de United + ton 2t mameetid LS 14 12 ] 3 1 & 3 1 1 0 H o ® The month had the same number of 3 7 7. 5. i 4 B 0. 1 3 1 0. PessHuanaR Aot 1 Young toms are | The increase will b2 due to two new ookl territory recorded more ssles than i batteries of 41 coke ovens which will go , St. Louls, Minneapolis, Kansas | i Market Closed Today—Short Bpecial Dispatch to The Star. Machine Tools. CLEVELAND, November 9.—Business with makers of machine tools is moving along in a highly satisfactory manner. Most manufacturers here are heavily booked for this quarter. Turkeys. fore ving, turkey prices Narm%m are fairly firm. 45 cents, old hens, 40 cents, and old toms, around 36. ‘The new turkey co-operative association is expected to bemefit producers this season. Lumber. MADISON, Wis.—Saw mill operators are quoting firm prices on hardwood, with demand fairly active for this sea- son. Northern mills report a steady de- mand for birch and there is no over- supply of maple at Wisconsin and Michigan mills, . Wheat. HELENA, Mont.—Weather conditions in Montana have been ideal recently and Fall wheat is looking well. The early sown wheat is up, but in the late planted fields it is not yet above ground. Coal. EVERETT, Mass.—Production of coke .at the Everett plant of the New England Puel & Transportation Co. is expected to exceed 700,000 tons in 1930. into commission. TRADING IN STOCKS 1S BACK T0 NORMAL Sessions Will Enable Brok- ers to Catch Up. -;y!u:rmess days (27) this year and ln.stl 1929 Banner Credit Year. Despite the recent stock market crash, 1929 seems destined to be another banner year for American business, according to the National Association of Credit Men in a report received by the Washington office. “Considerably sharper declines than those already noted would be necessary to disturb the leadership 1929 has es- tablished for itself over the 10-month stretch,” says the November hulletin of the association's executive manager, adding that “little should develop in the ensuing two months to disturb seriously the cheerfulness that nat- urally pervades the holiday season.” S en I. Miller, executive manager, By the Associated Press. I NEW YORK, November 9—The stock market was closed today after ending its week with a session of nor- mal trading, which, in the opinion of :flf,“"' indicated & return to sta- Y. ‘The Stock Exchange and the Curb Exchange will be open Monday, Armis- tice day, with a two-minute suspension of ss_at noon in recognition of the day. -hour sessions, from 10 am. to 1 pm., will be continued next wede:,y with the exchange closed on Sat- urday. Total sales on the Stock Exchange yesterday were 3,214,660 shares. The turnover for the week was 22516410 PROVES STABILIZER! = Powerful Efforts of Bank, Exerted in Recent Crisis, - Checked Panic. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, November 9.—The stocks of about 4,000 corporations are isted cn the stock markets of the coun- try. About half of these corporations have their stocks listed either on the New York Stock Exchange or on the Curb. When it is realized that in less than two months there was a decline of slightly over 40 per cent in the general list of industrial and utility stocks, both the extent and basic character of the decline are evident. History will record the stock price decline of this year the most precipitate, violent and raj ever known. Look at a few of the declines in the past. One began in June, 1901. Prices moved down until November, 1903. An- other siarted in January, 1906, and the price decline kept up until the Fall of 1907. Another one began in September, 1912. This was a long one. It lasted until December, 1917. ‘The decline of November, 1919, was not completed until July, 1931, In all of these declines the extremes were all b:.tween 40 and 48 per cent. ‘When the events of the past two weeks are recorded the work of the Federal Reserve will stand out. The large volume of Federal Reserve credit which was pumped into the market was unprecedented. All records were broken. Federal Reserve credit in- creased $312,000,000, of which $195,- 000,000 represented additional redis- counts and $117,000,000 was purchase Government securities ana acceptande bills in the open market. The Federal Reserve never changed its policy. But, unlike other days, it said nothing about the part it was taking in the crisis. That it was the most important factor in meeting a very serious situation now can be sald with confidence. Without its aid a serfous financial panic could hardly have been prevented. Representatives of 40 nations are meeling in Paris under the auspices of the League of Nations in an at- tempt to iron out some of the more embarrassing questions that arise when foreigners are living abroad, in- cluding our old and ever-present friend—double taxation, Thousands of American business men and women, living abroad, are con- stantly embarrassed because of the “foreign” problem which always arises g(lmulh living outside of the Unitea ates. The attitude of landlords toward fereign tenants is one subject up for candid discussion. In Paris and other shares. The ticker was 37 minutes late ‘who is widely known here because of his former connection with the Amer- ican Institute at_the close. Readjustments after the frenzied of Banking, says that the | tradi eeks Shdamenial. clements. of: oOMmercAl| B o ohr e THEh honed lar market which showed prosperity remain sound, with employ- | the eral level of prices ment generally sustained, wage levels uoeflthmh ugem 1uu3'ne:-;: ::Tc higher than ever before and production | gains for the day. proceeding in an orderly manner. “Recent recessions in the stock mar- ket scem to have left behind them chiefly a collection of lambs,” the bulletin says. “The condi- tion might be considered alarming were it not for the apparent soundness of the more fundamental elements of the situation.” Commercial Activity Grows. Commercial transactions during the week ended November 2, as indicated by check ents, were considerably larger n in the previous week or the period of year, accord- ing to the Department of Commerce. Sicel plant acuvity for the latest re- ported week showed no e from the previous week, but was lower than & year ago. Output of crude petroleum showed a recession from the previous week, but was still above the level of last year. Production of bituminous coal was in ':lifl the o mm- or correspon pe- riod of 1928. Recelpts of cotton into sight were considerably greater than a year ago. Receipts of cattle at the principal pri- ‘The to i slaughtered e meef over ied to hhmp of bankers who organized the market at the beginning collapse ';:d they planned no the absence of sel pressure - cations of lmpmv&n%mmmm. e g, “CEILING” IS PLACED ON UTILITIES PROFITS Celifornia Railroad Commission Establishes Precedent in Telephone Case. BY BEN G. KLINE. Special Dispatch to The Star. SAN FRANCISCO, November 9.— ‘The California Railroad Commission in establishing new schedules of telephone rates for Los les and the San mary markets showed a gain over last| Francisco Bay greater than a year ago. Car gs euveflnf‘trl‘\:thtut reported week show- ed indicted distribution of € | the whole State they cannot expect & Wholesale prices were generally low- er than in preceding week or corre- sponding 1928 week. Reserve Act Changes Proposed. At the annual stockholders’ meeting of Federal Reserve Bank of Boston reso- lutlons were adopted proposing amend- | P ment of reserve act, that after 6 per bank stock, e bank net earnings be cent to Government tax, 50 per cent to member banks and 25 per cent to surplus until it reaches 100 per cent, any part of such 100 per cent not needed for 100 per cent surplus to go to member banks; in event of liquidation or dissolution of a Reserve bank any surpius to be dis- tributed pro rata to stockholders, Heard in Financial District. ‘The Washington banks will be open “dmthl OI:EWA.;::I:NM dnsmwellrbfl 11, and the gton change will transact business as usual. The New York exchange will pause for two minutes at 11 o'clock as a mark of | that if on the Baltimore & application to acquire control of o alo, Rochester & Pittsburgh was set by the Interstate Commerce Commission yesterday for December 19. William B. Scarborough of Hitt, Far- well & Co., investment bankers; A. G. & whole, and that if they are earning & fair return on their h{vuunena Ix.: rate increase in any one district with- aix.te a corresponding decrease somewhere This is the first time that this so- called “ceiling” rule has been stated by the California commission and it is the outstanding feature of its decision in the 2l5-year-old San Francisco ‘The Pacific the company’s annual reven: in this district by about $7,000,000, mu m:;"l gllmen made a thor- L . ’?ug:n udy e company's investment cities, and of its oper: Fevenues, and found. thes the. existing rates, which have not been revi since before the World War, are too low ::e g:gm & fair return on the invest- However, its data showed that th company’s total earnings in the suu' as & whole were a little more than suffi- clent for a 't:r return. It decided, then, rates were increased at San Francisco they must be lowered some- where so that the total income %xt‘:ha !h:dwghum not be too vestigat e com] ‘s _opera tions in Los es ha.: found rates re. out of line with those decision, publicly an- redu In its final nounced today, the commission ncisco, Oakland and adjacent | g5 ced | Odeon Theater of Milan, Italy. Lampke, S. D. Stein and J. Spencer | rates in Southern California, Smith of New York have been in Wash- | estimated . $2.310,000 off 'nlf? m;‘.!l:l‘; ington attending a meeting of the board | revenue of the company there, and re- of directors of the Carpel Corporation. | vised the schedule upward in the bay This company'’s stock is the latest issue | district to the extent of adding $2,100,- to be listed on the local Stock Ex-|000 to the company's revenue. The change. commission estimates that the new September net earnings of 95 public | schedules wili net the company 7 per utility companies totaled $80,000,000, | cent income on a proper valuation of its | against total earnings of $68,235,608 in September, 1928. Eugene E. Thompson, president of the Associated Stock Exchanges, announces that the convention of these exchanges, which was to have been held in Minne- apolis on November 12 and 13, has been postponed. ' Wall Street Briefs By the Associated Press. The Convention of Assoclated Stock Exchanges which was to be held in Minneapolis on November 12 and 13, has been indefinitely postponed, Eugene E. Thompson, president of the organi- zation, announced today. It is under- stood that the abnormal amount of work forced on brokers lately was the geason for the postponement. ‘The Remington - Rand tion thas closed & contract with the French vernment for a large set of tabulat- gx machines for use in the new pen- slon-insurance bureau. The order in- wvolves about $800,000. The Beechnut Packing Co. proposes to increase its authorized capital stock from 425,000 to 475,000 shares. October sales of the John R. Thomp- son Co., chain lunchroom system, to- taled $1,366,724, compared with $1,269.- 076 in the corresponding month year. 3 - The Canadian government will give ial assistance to sheep breeders 30, Drowinge.of Quebes properties, Petition in Bankruptey. BALTIMORE, November 9 (Special). —Robert H. Palmer Fairmount Heel:hu. Prince Georges County, has filed a petition in the United States District Court asking to be adjudicated & bankrupt. The petitioner has no avail- able assets and $4,298.60 liabilities. Orders were signed adjudicating him a bankrupt and referring the case to Danlel M. Murray, referee. French cities the problem has becomu extremely annoying. But Americans are not the only “for- eigners” interested. Italy is vitally con- cerned. She resents today the efforts of the French to make French citizens of her people who reside in France be- cause of better economic conditions. More than a million Italians are ine volved in this matter. Prance, anxious to increase her tax revenues, has raised many discriminations regarding for- double taxation. It is estimated that an addi- tional annual fiscal burden of $10,000,- 000 will be added to the tax burdens of these American concerns. Many of them are nmm;., mn‘hou)d th: gfi» tion pass, on closi up an Ing their business over to be handled by & French sgency. The American Government is repre- sented in the conference by George A. Gordon, first secretary of the American embassy in Paris. “The little fellows did get cleaned out. Correct. But the big fellows always walk in after the little fellows are ugh. It ought to be ¢losed up,” says irate reader from Nebraska. fellows were scorched, too, red. B houses a ‘The b and btdlfy rokerage showed no res) for the size of margin accounts in crisis of the last two weeks. When the margins wer® tmpair- ed, the accounts were closed out irre- spective of size. Let me give you one illustration. It came under my observation. Three weeks ago a New Yorker told me that his equitfes in the stock market then were approximately $1,200,000. He named certain stocks that he thought were good to buy. He had a stock profit of nearly $700,000 in the last three years. ‘When I asked him why he did not realize on his profits he said that the Federal taxes were so high that he pre- ferred to carry the stocks and sell off Tfireldumy. n Black Thursday arrived and his equities melted away, for he, t0o0, was on @ margin. His broker asked him for an- other $260,000. He got it together with difficulty. It was all he could do. On the following Monday, when stocks crashed again, his broker demanded an- other $160,000. He could not luce it. his stocks were sold at the market and he, too, was cleaned out. Yes, the big fellows on margins have found the sailing just as hard as the little fellows. If one takes the long chance he must expect to suffer in such times. For the principle, whether it applies to an account of $1,000 or $10,000,000, is exactly the same. FEurope is taking rapidly to the “talkies.” Ty that a great part of its new building con- struction at this time is P.lctuu Flllocl, now being built in the rger cities. An American sound reproducing firm has just signed a contract for the in- ‘This theater is being erected by a group of wealthy Italian manufacturers inter- 15 expected to be one of the most beau- tiful and up-to-date theaters in Europe. The ground floor is given over to the theater, seats. In the basement a music hall is being designed capable of seating 1,200 Nearly all of the exterior, as people. lwelP as interior effects, are of It marble. Other cities—Berlin, Paris, London, Brussels, Dresden and Rome among them—have plans for new kie™ theaters which will compare favorably with those in the great cities of the United States. And more American films are shown in Europe than those of all other coun- tries combined. (Copyright, 1929. by North American News- paper Alliance.) U. S. EXPORTS INCREASE Yesterday’s New York Stock and Bond Averages. From the 5:30 Edition. 920. .00 1628 128.6 Total sales, 8,214,650 shares. | last ' e in IN MONTH OF SEPTEMBER By the Associated Press. Exports from the United States were reported today by the Department of Goring, Septemaber by $80315,60%. ml 315, during the month Exports ‘amount to $437,680,602, an increase of $16,073,~ 710 over the corresponding month of 1928 when exports totaled $420,606,832. For the nine months period ending September 30 exports totaled $3.844.- 404,666 as compared with $3,557,584,860. Imports in September totaled $351,- 364,009, ageinst $319,617.861 in the same month of 1928. 'Imports for the nine months period totaled $3,360,247- 458, as compared with $3,070,113,109 last year. WASHINGTON, Spectal Dispatch to The Star. BALTIMORE, Md., November 9.—Po- , white, el, 1.50a4.1 100 | pounds, 2.5022.90; sweet potatoes, rel, 1.75a2.35; yams, barrel, 2.75 beets, 100, 3.00a4.00; beans, bushel, 23.00; cabbage, hamper, 35a60; oarrots, 100, 4.00a5.00; celery, crate, 1.75a3.0 Eggplant, crate, 3.50a4.50; lettu bushel, 7521.00; lima beans, hamps 1.5022.00; onions, 100 pounds, 1.50a1.7! peppers, hamper, 35250 5.50a6.00; squash, hamper. tomatoes, 40al grapefruit, box, 2.5024.25. TS, 3.00a4.00; oranges, box, Dairy Market. Poultry alive—Turkeys, pound, 30a37; Spring chickens, 221 ns. 228 24; old hens, ! 18a20; poor and _thij old roosters, 18 a 20: ducks, 18a22; guinea fowls, each, 40a70; pigeons, pair, 2. Eggs—Receipts, 490 cases; native and nearby firsts, 52; current receipts, 43a ! 45; hennery whites, 58260. | Butter—Good pound, 42a48; packed, 25; rolls, adl. i to' fancy creamery, ladles, 35236; store 31832; process, 40 DUN'S REVIEW. NEW YORK, November 9 s, Dun’s Review says: i It is not unnatural, in view of specu- lative unsettlement, that added con- servatism shouid exist in business cii- cles. A lessened disposition to_ enter upon new commitments and a lower- ing of the buoyancy of trade, following an era of exceptional expansion, are | among the early effects of the drastic and protracted stock market readjust- ment, Such a sweeping change could scarcely have fafled to influence com- mercial sentiment, yet encouragement is derived from the strength of funda- mental condilions. So much in the way of progress already has been achieved that results this year will be unusually favorable in many instances, while the maintenance of prudent pol- cles in most branches of enterprise 1s a_supporting element now. It s Te- nhurmf that burdensome accumula- tions of goods are the conspicuous ea- ception, due to the practice of buying for well defined needs chiefly, and com- D. O, SATURDAY, NOVEMBER 9, 1929. VEGETABLE SUPPLY 1S PLENTIFUL HERE Recent Frost Has Apparently Not Affected Crop Near Capital. There was nothing about the ap- pearance of products in wholesale houses or along the farmers’ line this morning to suggest the ibility of damage to growing crops by the heavy frost early Wednesday morning. “Flelds presented the appearance of having been visited by snowstorm,” commented a trucker in the outlying portion of the District, “but I stil have attractive crops of green vege- tables in the garden. “And,” he added, “together with what has been gathered, my customers probably will continue to get their supplies for some time to come. "f’ve been in the trucking business all my life” he added, “but never before have I seen produce so plenti- ful and in such good condition so late in the season.” Week End Supplies. Turning to supplies he had for the week end trade, the grower pointed to baskets of kale, spinach, dandelion, carrots, turnips, artichokes, beets, oyster plant, tomatoes, potatoes of both varicties, cabbage, Spring onlons, radishes, parsley, parsnips and other vegetables. Attention also was directed to a pile of pumpkins, the grower mentioning that Halloween demands did not any- thing like consume receipts. He men- tioned that the pumpkin crop this sea- son was much er than usual, and added that nearby growers will be able to supply demands throughout the en- tire Winter season. “After all, he concluded, “it really is remarkable that growers in this vicinity should be able to supply such attractive vegetables so near the Thanksgiving holiday season.” Dealers along the farmers’ line and in the commission house district this morning continued to have some paratively few cancellations of orders |splendid quality tomatoes. ‘They also and requests for deferred shipments|had large quantities of green tomatoes have recently been reported. The rate |to offer the trade, the better quality in mammoth | Bank has stallation of its equipment at the new | I ested in the cotton and silk trades. It|Pifth As which will have about 4.000 | Industr . N | of activity has been reduced in various lines, but the recession is from a nota- bly h'gh level and some let-down had been indicated even before the striking financial events occurred. Considering the nature of the latter developments, the general business situation, although disclosing & check to the upward trena, has retalned a gratifying degree o« stability. ‘Weekly bank clearings, $16,860,166,000, an increase of 59 per cent over # year ago. PROPOSED BUILDING PROJECTS SHOW GAIN Vehicular Tunnel Under East River, N. Y., Adds Mate- rially to Increase. By the Assoclated Press. NEW YORK, November 9.—An- nouncement of & $75,000,000 vehicular the East River, Rutgers Slip, Manhattan, to Jay stree! Brooklyn, jumped the money value o hnvg construction projects the United States to a figure beyond the average for this time of year. The total for the week, $146,321,000, com- pares with $104,629,600 the ceding and §! same week a year ago, the McGraw- Hill Construction Daily reports. Public work, as indicated in sewer, bridge, drainage system and street improve- ment projects announced throughout the country, held a high place and ex- ceeded in money value the previous ‘week's and last year's total for cor- responding week. Divided into classes and taking the country as a whole, the money value of work _announced during the week, follows: Public work, $16,676,000; commercial buildings, $13,035,000; edu- cational buildings, $11,830,000; resi- buildings, which include apart- ment houses and hotels, $8,610,000; industrial buildings, $5,317,000; railway improvements, $8,493,000; hospitals, $1,815,000, and unclassified jobs, $80, 45,000. Outstanding projects for the week in- cluded the $7,000,000 Lehigh Valley Railroad Co.’s xrogum for electrifying 76 miles of road between Mauch Chunk and Wilkes-Barre and a railway and highway bridge over the Ohio River to connect Kentucky and Indiana, which will cost $5,000,000. Hartford, Conn., will spend more than $3,000,000 on sewerage systems. Mount Holyoke College, in South Hadley, Mass., is planning & new $2,000,000 chapel. PARIS BOURSE PRICES, PARIS, November 9 (#).—Prices were firm on the Bourse today. Three per cent rentes, 80 francs § centimes; 5 per cent loan, 105 francs 15_centimes. Exchange on London, 123 francs 8815 centimes, . The dollar was quoted at 25 francs 39, centimes. ‘ Bank Stoc | merican 3 ] Sl A A Yo Bryant Park new ay National et 2385 5 e : 2 2380k 2538RR3 g 33 28 M Penn Exchange . B. Morris new wl Prisco Streel . Public . Seward Sterling Nationai'. Straus National Textile . Un. Bk. B.'C. Washinaton Yorkville 8588 | u=:.-§ 8553 First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company. Inc. Consult Us First If you need money for our H;nl Estate financing et us have your application today. Promm Service No Appraisal Fee The Comimercial National Company ot o SLRTNBIEL eno0e P“ of the green vegetables being in de- mand by consumers to be wrapped and put away for ripening, dealers saying there is no reason why some of them should not be held back as late as the Christmas holiday season. Flowers, chiefly chrysanthemums, grown in the open in nearby Mary- land and Virginia, were in plentiful supplies along the farmers’ line this morning, attracting much attention, but the demand for them was slow, although prices were reported cheap. Dealers in all commodities morning had supplies more than equal to the demands, according to reports. and prices were substantially the same as prices reported yesterday. Retail- ers were out early in the morning te- get supplies for the breakfast and dinner trade, some of them getting supplies in quantities large enough to carry them over until Monday. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 44a45; tub, 44a4d);; store kK 30a32. l:u:/i—l{unnerms; fresh selected, 48a 0 som, from | ot Real Estate Loans Applications invited at lowest rates and commission —econom- ical comsideration for borrowers. Both large and small loans mnegotiated— prompt replies. Moore &Hill, Inc. (Since 1900) 730 17th Street N.W. CompLETB FINANCING TRUST MONEY On homes, spartment buildings and business properties. No appraisal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. 24 Jackson Place Natl. 1403 fowls, 20a21; roosters, 18; ducks, 15a20; keats, young, 40a65; old, 30. Dressed— | ‘Turkeys, young, 45a46; old, 40; Spring ' chickens, large, 35a36; medium, 32a33; ! broilers, 37a38; roosters, 24a25; ducks, 29a30; keats, 70a80. " | Meats—Beef, 20a22; veal, 24a28; lamb, ' 26a27; pork loins, 23426: fresh hams, 22a25; fresh shoulders, 20a23: smoked hams, 25226; smoked shoulders, 18a20; bacon, 28; lard, in bulk, 14; in pack- ages, 15. Live stock—Calyes, 1414al15; lambs, 123%a13. Displays of marine products for the | week end trade proved upecmllfll-‘tmc- | tive, according to dealers such products. Pish were not especially plentiful, they reported, nor were prices | especially cheap, but they attracted much aftention and were in good de- mand. What dealers lacked in quantity, it wes stated, they made up in quality. Pompanoes, received in small quanti- ties, led the market the past two days, selling at 60 cents a pound; rockfish, also & good seller, going at 30 cents & pound. The pompances were from Florida, while the greater portion of the rockfish came from Potomac River netters. November 15 is the date of the closing of the season for salmon and halibut, according to dealers, but the frozen fish | will be plentiful later. Most of the two varleties of fish received here the past month were frozen, it is stated. Spanish mackerel, received from Florida, found ready sale at 25 cents a pound, and dealers this morning had supplies of haddock, pollock, fillet ol’ haddock, fillet of sole, fresh cod and, numerous other varicties of fish to offer | the trade. | Oysters Plentiful. Oysters from Chesapeake Bay and tributaries continued in plentiful supply. selects selling at $2.50 and standards at | $2.25 a gallon. Clams enough to meet demands were received by local dealers. Dealers also had supplies of crabmeat to offer at 60 and 80 cents a pound. Frult receipts continued fairly heavy. While receipts of- grapes were not &s heavy as dufing the past month, dealers had supplies more than enough to meet demands. Pears of several varieties | continued plentiful and dealers had | oranges in quantities greater than the | demand. Grapefruit continued plentiful and in fairly good demand, and dealers had choice quality honeydews and honey- balls to offer the trade, some of the fruit, it is stated, being second OCali- fornia crop and very sweets Apples, in moderate receipts, were offered at a wide range of prices, size and quality determining the price. ‘Quinces, persimmons, pineapples, ba- nanas, lemons, plums and other fruits also were offered the retail trade this| morning. Increased receipts of Idaho | potatocs met a good demand, while light Tecely#s of sweet potatoes met a light demand and steady market. Dealers reported lighter receipts of celery and | Iliberal supplies of lettuce, most of the lettuce coming from California. Grow- | ers in the Norfolk, Va., section furnished | quantities of the vegetable of the Big Boston_type. No changes of any consequence were reported in the butter and egg market, prices continuing about the same as ces reported most of the ‘week. Strictly fresh hennery eggs continued in demand at premium prices, it is stated, other qualities of fresh stock also continuing in demand. Poultry dealers had fairly heavy supplies of turkeys, chickens, ducks and keats this morning, prices being re- ported reasonable to cheap. Meat dealers also continued with heavy sup- plies of meats and meat products, prices of certain meats having decreased the few days. - Money to Loan ooy erest and commisaion: Joseph 1 Weller 45, Woh 1o § Tt Established 1899 INVEST YOUR FUNDS IN 6% wi 4% FIRST DEED OF TRUST NOTES consuit WELCH Reattors Loan_ Specialists 15th and New York Ave. (Nat'l Savings & Trust Co. Blds.) National 4346 and 4347 TRU LOANS Reasonable Rates Courteous Treatment 321 10th Street N.W. Natlonal 07 THOS. E. JARRELL CO. Offices for Rent' in the Chandler Building 1427 Eye St. NW. I the heart of Washington’s financial district. Single Offices and Suites FIAMING free secretarial service, public stenographer, ice water on each floor, high- ] elevators, excellent outside light and Venetian %linds at all windows. SHARNON & LUCHS) Managing Agents 1435 K St. Nat. 2345 FINANCIAL. FOUND A way to beat O!d Man Depre- clation; just see what you save on -a 1930 Dodge automobile. About three times each year we offer a few ofiicials’ and sales- men’s cars, with very liltle mile~ V& and carefully broken in. 'ou get the car just when it is beginning to run its best, and the saving is considerable. - Sure! We can arrange terms and your old car should be enough or more than is required for the down payment. Come early while a selection from all models is possible. The Trew Motor Co., 1509 14th St. N.W., Dodge Sales- room. Phone Dechtur 1910. REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Advantages incident to direct representation 1520 K St. NN\W. National 0475 In Nearby Virginia Prudential Commonwealth Investment Co. 917 15th Re. N.W Phene Natlona! 2823 DO YOU WANT $150 1o $5(0(0 more ‘ for your old car? TRADE IN NOW ON A BRAND NEW Hudson or Essex Local clearance sale to make way for 1930 Models. Stocks are limited so act now to get the Super-Six of your choice. LAMBERT-HUDSON MOTORS CO. DISTRIBUTORS—PHONE DECATUR 2070 Corner 14th and R Streets N.W. Service Station, 24th and M Streets N.W. METROPOLITAN DEALERS tor Ine. Uy 'SAFE B IRES R MORTGAGES BUILDING A COMPETENCY ISN'T HOARDING You owe it to yourself to so arrange your financial affairs as to be independent of passing vicissitudes. You'll find not only a safe, but a highly profitable invest- ment, In our 69 FIRST MORTGAGES They offer the advantage of long term, relieving of the necessity and concern for re-in- vestment with varying return. Owver a Third of a Century Without a Loss May be purchascd in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR SAFETY FOR more than forty years the H. L. RUST COMPANY has been making first trust loans on im- proved properties in the District of Columbia and adjacent suburbs of Maryland . . . In- vestors have found the notes SAFE in the abundance of the security — CONVENI- ENT in their denominations ($250 and up- wards) — PROFITABLE in the highest interest yield consistent with a conservative investment. oo We will gladly tell you more of the six per cent notes now available. o~ H.L. Rust Company 1001 15th Street N. W. National 8100 ' B8 TABLISHED 18809 Quiet Wires YOU had called at our offices last week, you would have found no change in their usual quiet . atmosphere. ' There were no anxious clients crowding in to ask for the last quotations on their invest- ments—no frantic telephone calls or peremptory orders by wire. The stock market had crashed; there was ‘the greatest uncertainty as to the effect of the loss of billions of dollars on general business. But clients of this Company had nothing to worry them. For more than sixty years our clients have seen the First Mortgage Notes offered through Swartzell Rheem & Hensey Company yield their unfailing return through years of depression and prosperity. Thousands of men and women of mod- erate means now enjoy the steady income which these Notes assure. Available in denominations from $100 to $10,000, they afford at least one security which you know that no investor has ever suffered loss. SWARTZELL, RHEEM & HENSEY CO. MORTGAGE BANKERS \111 15 STREET N.W. WASHINGTON