Evening Star Newspaper, June 21, 1930, Page 11

FINANCIAL. THE EVENING INSURANCE SALES INCREASE IND. . May Figures Show Advance of 14 Per Cent Over Same 1929 Period. BY EDWARD C. STONE. Sales of ordinary life insurance in May in Washington were 14 per ccnt ahead of the same month a year ago, according to reports received today from Hartford. Conn. The District of Colum- bia stands fourth in a tabulation which includes all the States in the Union. During May, Delaware reported a gain of 61 per cent, lowa 26 per cent and Nebraska 18 per cent, these being the only sections to pass Washington. Next to this city came Minnesota with a 13 per_cent advance, followed by Florida with 9 per cent and West Virginia with 8 per cent advances. NEW YORK STOCK EXCHANGE Received by Private Wire Direet to The Star Office. STAR, WASHINGTON, Notice—All stocks are sold In one hu 32 Ba% those d; ted by Stock and Abitib] Pwr & Paper. % Adams Exp (1 Adams MiI) ). -o Addressograph (1%) Ri 304 8 uction (3)... Alr Way T) Apt2%). Ajax Rubber. . 4'4 Alaska Juneau.. 18 Allegheny Corp. 57 Alleg Steel (12.30) 241 Alited Ch & Dye(n§). 48% Allis-Chalmers (3).. 2% Amal Leather. .. 18 Amerada Corp (2)... 25% Am Agricul Ch pf... 68 Am Bank Note (13 ‘A . Am Car & Fay pf(7). Dividend Rate. Adi -share lots (285s) | ™ es— Prev. 0. Hish. Lew. Close. Close. [ 9% 6% 5 26 26 26 26 805 18% 48 23K 22 23k 24| BTw 69 1 2T% 27% 27w 23w| 8 2% 2 30 30% 30% 43% 165! 12 10% 10 10 2 3 % M % 57 119 1167 @ - 8 Diamond Match (! Dome Min: 1). Dom Stores (£1.20 Drug Corporatn (4). Duluth Superior pt Dunhill Intl (34) Duplan Silk pf (8). Du Pont de N (14.70. Dupont deN db pf(§ 47 1 100s 56 3 99 ) ) Eastman Kodak (13) Eaton Axle & S (3).. Eitington-Schild pf.. Elec Auto Lite (§). Electric Boat. El Pwr & Lt (1) £l Pwr & Lt pf Elec Storage Bat Eng Pub Serv ( Eng Pub Sve pfi6%) Equit Office Bldg (3) ErfeRR........ Erife R R 2d pf (4). Eureka Carp Cl (4) Evans Auto Loading. Fairbanks Co pf. Fairbanks Morse (3) Fash Pk Asso pf (7). L e eAmHamanmGn e o= Fas D. C, SATURDAY, Leaders Break Through Re- sistance Points Established Earlier in Year. BY GEORGE T. HUGHES. Special Dispatch to The Btar. NEW YORK, June 21.—Breaking through the old resistance points, the stock market developed acute weak- ness again today. Important issues such as United States Steel and American Can went to new low prices for the year and throughout the list declines were re- corded, some of them of large pro- portions. Commodities Decline. JUNE 21, 1930. ISTOCKS GO LOWER (INDUSTRY REACTS INHEAVY SELLING| TODROPIN STOCKS Some Lines of Business Are Adversely Affected by Securities Decline. Y J. C. ROYLE. Whatever the cause of this week's drop in security values on the ex- changes, the fact remains that this de- cline has had & marked effect on busi- ness sentiment and has tended, tempo- rarily at least, to slow down operations in some lines. In many quarters the tariff is held to blame for the situation. In other quarters this idea is denied. On the one hand, fear is expressed that the new rates will further cut down foreign trade. On the other, it is held that the bill Just signed presented no surprises and « FINANCI HAZEN IS CHAIRMAN OF MILLER CONTROL Also Elected Vice President at Meeting Here—Sales Outlook Held Good. A meeting of the board of directors of the Miller Train Control - tion was held in the company's office in this city yesterday and elected of- ficers for the ensuing year. Melvin C. Hazen of this city was elected vice president and chatrman of the board. According to reports of the general manager, H. B. Miller, more than 20 cities in 11 States are now using the Miller company's trafilators, the new automatic control of traffic signal Mr. Miller, in his report, said that the prospects for future business ‘were excellent. TIRE REPLACEMENTS WILL INCREASE SOON Burdensome supplies of crude rub- FIRST MORTGAGE NOTES, 7% Interest Properly secured by Deed rust. Interest remitted day due, Harry A. Oliker Co. National 7137 1420 K St. N.W. First Mortgage Loans In Arlington County and Alexandria, Virginia Correspondent fo | The Prudential Insur v of America First Mortgage Loa v Lowest Rates of Interest and Commission 1 3 9 8 1 5 (3 5 1 2 o s . a » The statement of Secretary of the | ihat every business man has had a |ber which Dave caused a downward) Thomas J. Fisher & Company, Inci.... 5 Fed Lt & Tre (31%). flect that trend in prices over the last few years } e e ma A 45 AmChainCo3) 4 Fed Min & Sm pf (1) 1 il oition) et S o e v e LD P T Deohaiie | catinne. 5 daeessiiy tofivence. Soeoeds fi‘(;‘ _se:boarld did natt‘:‘:d:x? l\;é- i 75% Am Chain pf (7). é Fed Motor Tr (80¢c). 1 help business was offset as a market | dustry resulting from the introduction (ing to The Brookmire Economic Serv- | e e s D g e AT N OOED FOWEL. .- (189 Firestone T&R(1.60) 2 Tent G & AW years low, while the Foreign Trade. selling below cost of production and Rcal Estatc e L e e e Firestone T&R pf(§) 3 cotton market in New York sold off | In the 13 months that the tariff bill | further declines can hatdly be of suff: eorgla were - i !}‘;anh 19% Am Hawaitan (110). First Nat Strs (3%). 28 over $1.50 a bale in all positions. In|was under consideration, advocates of | cient importance to impair the earning L By T e N g S e haaw.. Fisk Rubber ... 16 connection with the drop in cotton, ex- | the measure point out, equal opportu- | power of the tire manufacturing coms oans iR T soress. Sl Wiy eptnta L w e Flosheim Shoe A (3) 2 ports for. the week totaled 25,234 bales, [ nity was given for all interests to make | panies. We look for no serious inven- || na made the poorest s, agents 31 AmIce (14)... s Follansbee Bros (3). 5 against 80,121 last year, and 78,818 in | their protests heard. They add that ft | tory losses for several years at least, ||| & 6 writing 24 per cent l:ss insurance 29% Am Internatl \z) 8 Foster Wheeler (2).. 37 k was not until the measure was on the | Replacement demand for automobile 0 May than in May, 1929. Arizona, with Am La F3 4 1928. For the year to date exports n n Replacem man m | drop of 31 per cent was the only State | 284% 190 Ar b A poamite 4 e D ST were 6587678 bales, against 7901971 | point of going into effect that some bus- | tires s bound o show & marked - | 8, 50R 52,31 mer oeat was the only Stals | 284% 190 Am Mach & Fay ¢ [ Fox Film (A) (4).... 57 in 1929, and 7,372,433 1n 1928. oSS viterests made vigorous . protests. | provement during the Summer months, || RO, ™ o o X Am Metal i3) 283z Freeport. Tax (15).. 51 The favorable credit situation was| Government officials believe it is be- | Some pick-ups in new equipment de- Applications invited for Five-Month Record Better. PR ot i b ity 10 s1e 7 Gamewell Co (5). 4 0% T0% T0°% 70 |1o¢t sight of today. The reduction in |yond possibility for any one to measure|mand will develop when the present Lo Distri The falling off in new insurance in 80" ‘AmPALV ARt 4 8 Gardner Motor. T ¥ 2% 2% 2| (he rate of the New York Federal Re- | 8ccurately the effect of the tariff on|depression in the automobile industry || ans on Distriet of more than half of the States in the 234 Am Ra&Stadan1%. 119 e el a1 o™ goit|serve Bank to 213 per cent had not|forelgn trade immediately. Forelgn na-|is over.” | Columbia and Maryland Union is Iaid to the fact that business 15 rRepuben. .. 1 GenAmlInvpf(6).. 1 81 81 91 924 yo1eq the market Friday and nothing | tions must find out how the new meas- e { [ k™ recovery in the United States has been s Am B ling Mill(a2) 163 b coein e gl -+ P o Mo [ e g oday. e Ll Tl D L AUTO PRODUCTION. Properties. G4 f lower than forecasts for the year, 5 i .. 81 : the other hand, the sensitiveness | Posi :nd‘:c:ted,‘nflo"e\'cr. the record for the f :::s ff,lz {5:;:’ _r“‘“_ ; 1 th?{l ‘h: 1ist Had Whown to l;rfis!\";fln““ “1!0‘:;: trade volume much below present buNEw o‘s’{oau{, .{unemzx gw{mugzm;- o hs i for May. 4 s _ fon, in the face of the 3 e production in the Uni ates S The country a5 & whole 15 4 per cent S5 AmBm & et trres 90 el Fdall) it i “the “fate, encouraged the bear| _Some judges of market conditions de- | May totaled 417,154 cars, compared H"‘NNON. LUCH ahead of last year in insurance sales. 7% A Bolvi Chem. 3 Gen Clgar (¢) faction to renew operations. clare the stock slump grew out of a fear | with 442,835 in April and 604,691 for Se——— The average for the Middle and South 86 Am Steel Fdy (3) ° sl ze UL L Opening prices were all lower, but not | Of further business curtailment. If this| May 1929, Production for the five 1435 K St. N.W. { Atlantic States is also 4 per cent better | 5z15 425 Am Stores (2) 1 as Didsanssisnn. - 1 importantly so. In a half hour, how-|¥as the case, the slump probably has: months ended May 31 totaled 1,883,616, . o than last year. 69°% 50% Am Sugar Ref ( 2 QenTeon norpit)s- 100 ever, large losses had been built up.|had the effect of forcing such a business | against 2,679,511 in the like period in National 2345 In May, life insurance experienced its | 23, 91, Am Sumatra Tob. 3 11k 11 SenGashtl, 2 mn). 30 Unifed States Steel opened at 156, down | Curtailment, not because of economic | 1929 and 1,804,725 in the corresponding pia first monthly decrease since September, 2011 Am Tel & Teleg (3). 158 204% 202 e ., 3 2 points from the preceding close. An | conditions, but because of psychological | perind in 1928, 1928. This loss of 2 per cent was gener- 197 Am Tobacco (8)..es. 7 220 - 217 s ST hour later it was selling at 154, a point | conditions. It is pointed out that many ally distributed throughout the country. 197 Am Tobacco B (8)... 41 225 220% 225 . under “the previous Jow for 1930, ‘and | business men iake the trend of ihe Only two sections recorded increased 120 Am Tobaccopf (6).. 3 122 121% 122 Gen Motors (43.30).. 665 only 4 points above the panic price on | # prttrbilon ullunsf Thy A cn " volume. The Middle Atlantic States, 0 Am Water Wka(nl). 63 84k 80 82 84 Motoreptut (55 3 Noverer 10 10, oot soa AT | ADPETeE s U N b oo e Flr M l’t which pay for the largest volume of in 7% Am Woolen. 7120 Iy o1z 10w ey American Can, Atr Reduction, Allled | JPPATCEHY, do mot taks account of the S (0) gage I 0ans T W oW ot 19% Am Woolen pf 1 33% 33% 33% 32 tOUt AQY 13),os. 11 Chemical, Johns-Manville e | always ane group vitaily and irer i Seutt Beiratinmberiesitet seetional i B fomiciomndio oo - S B e QeaOutAv(A) (). 3 2 2 35 a5 |hem Slecl were among the mary Ui | erested tn. producings coain tood ot O tpeaved: RualiEatates i keI siss St OMERM crease of 11 per cent, all other sections 264 Anaconda W&C (3).. 2 278 7% 30 “ GenhubheSve®. T 33w 31w 31w 3¢ | RO mical was down 12 points half- | Sentiment, ‘whereas' there is another : e e share the decrease 18 Andes Copper (3) 7 204 20m 20w 21 sy way through the session, Eastern Ko- | ETOUD equally interested in producing an and nearby Maryland and Virginia for 3, 5 or 10 5 When the 12-month period, which 2014 Archer-Dan-M (3).. 10 20 19% 191 21n of Ee RGN S dak over 11 points and J. I. Case, which | €ntirely opposite sentiment. Stock mar- r terms on your ended May 31, 1930, is considered, the 4% Armour of 11l (A)ers 10 % A% 5 e REE RO (W) 170 Was also at & new low, down over 5| ket operations, therefore, are to be 2 s general increase of insurance is very 2% Armourof LIl (B)... &7 2% 2% 2w 2% A e, 3 points. _Vanadium broke sharply, but | IeEaTded as an entirely unprejudiced ex- evident, Every section of the country 65 55 Armour of Il pf ( 1 62 61 62 61 met “suj rt for a time aroun e o * - + showed a gain and all but seven States| 13y 6w Arnold Constable... _ 7 6% 6% 6% 6% Gillette Saf Raz(nf) 24 Tovel,” Westinghouse Electric lost heav- & Despite the uncertainty caused by the Home Office Building fra: recorded increased sales. The United| 46u 31% Asso Appl ind t4) 4 32 32 3214 34 Gimbel Bros e 11 fly and the slower moving wgocks, such | fluctuations in stocks, operations in in- States as a whole averaged a 6 per cent| 501, 25 AssoDry G (2%)... b4 35 33% 353 36% Glidden Co (2). as_General Electric and Standard of | dustry throughout the country are pro- Apartment Business Property “ ' gain in insurance over the preceding 12| 24215 205 Atch To& S Fe (10). 25 210k 2065 2080 2,5 Glidden pr pf (7). California, were all much lower. ceeding at a pace only slightly dimin- A ¢ months. 107 102% Atch To& SF pf (5). 2 1064 106% 106% 106% Gobel (Adolt). , Al Qreuber ARGt | ‘fhed. “This is especially true of steel, Oliibers aid Teastoss Elicted 175% 166% Atl Coast Line (110). 2 156 156 156 156 bt e 3 e howing | of eiechooy o, ullding, manufacture Apply . 0% B3% AUGHITE WInal). 383 b o5 18, Goodrich (BF) (4).. 25 The utilities made no better showing | of electrical equipment, and retail trade, kAu officers and lrmlees{e(}:heDAmer; 51% .0 At Refining (12). 86 34 324 8% 34w gno:yeu“n:-;ig” 13 than the mdu“fl‘ls'hzcl‘?llurr:‘:l; 0.18' ssa'fielflmluom are still on a steady, an Fire Insurance Co. of the District ) oodyear 1st pf (7). r & Light, Noi \meri-~ N s. g of Columbia’ have been re-clected as | 105 e L L S e DR T O Gotham Sk Hoslery 14 i & Piveln Fowerssndl| Thsbantdbile industry has slacked RAaNDALL H. HAGNER & COMPANY follows: Charles Schafer, president:| 563, 100 Auburn Auto (40,0, 26 100k 83 50% logm _ Gould Coapler...... 1 Public_Service of New Jersey were all | somewhat, but this is due in no small Francis A. Blundon, vice president; H. 7 4 Austin Nichols. ., .. 1 4 4 4 Graham-Paige. .. 10 down 3 to 4 points. Among the rails | part to the preparation of new models MORTGAGE LOAN CORRESPONDENT H. Bergmann, treasurer; G. M. Emme-| 105 4 Autcsales. (- &% 4% e Graham-Paige ret 3 new lows were made by New York |to be issued in about a month, This rich, secretary; F. J. Ehlers, assistant| gga, 37 Auto-Strop 5. L 49 49 49 Granby Con Min (3). 3 Central and Southern Railway. work does not show openly, because the NEW YORK LIFE INSURANCE COMPANY secretary. Directors, Charles Schafer, 9% 4% Aviation Corp of Del 59 5 5% 54 Grand Silver § (m1 1 How much farther a decline of this | models will not be available for distric . Yictor B. Deyber, Max Walten, Harry| o™ o0 ph 0 08 - ¢ N 5 . Grand Unon. 16 character can go It is never safe to|bution and sale until after they are 1321 Connecticut Ave. M. Packard, Francis A. Blundon, Carl e w in SO om0t AL N2k Granite City S 4 redict. Nor can it be said how much | formally shown. J. Bergmann, A. F. Jorss, H. H. Berg-| ]16 105 Baldwin Loco pt (1) 30e 106% 106 106% 108 St W T) ) . 2 5t the selling was for short_account mann and G. M. Emmerich. 122% 200% Balto & Ohio (7).... 19 1024 101 1014 102 Grt North pf (5).... 5 P uch of it represented the Summer Freight Shipments. & BE oo DRUDBONIDEUA).. 182K 89 Bl tHoy Gr NorctfsOre (a% 7 Tiquidation of impatred margin accounts,| The raflroads are beginning to feel an Liberty National Votes Dividend. 1104 107 Bamberger pf (63%). 10s 107% 1074 107% 107% Grt West Sug(1.40). 5 T‘;,, chances are there was not so much | the improvement in Summer freight o & o AL aimoeting of the board: of divec- [ (840 €3 Bang & Asece (1%)., | 1 TR e Grigsby Grunow.... 134 of the Iatter as there had been on Wed- | shipments. The harvest is moving trom SAFE FIRST MORTGAGES '} :%i; g 25 '“é?fn?.’.rfi.’fifi'"'éxfié?r‘.‘a“"‘,? 34 201 Barosdall. A (2).... 34 22 21 214 22% L nesday or earlier in the month. The :he So?lhwafl, and freight loadings are - B 92 67 eatrice. ). 1 76 76 H my Hackensk pf A(1%). 80s turnover in the first half hour today |increasing in consequence. Coal move- SYN0 Deratae s decluetinevahie] 0 oI B s (LTSS T 8 o| was 656,800 shares. On Wednesday it | ment is fair, with the utilities and. o Tt aeR b O] SThi 504 Gesh NUOERRID) - 1L BT ook ooy 6 was 856,300 shares in the same time. |roads doing most of the heavy buying. m’?‘fx 25.’"]"“ Reserss Baik fn CHI-| 67% 28% BangixAviation'( © 30% 28% 0 81 Hall (W F) PrCo(2) 2 iRt D Crude oil production shows a slight THAT THEY ARE cago has reduced its rediscount rate|%36% 3l 12 40 391 40 42% A il A T NESS SEASONAL fiff,lé?’i,.fi'y ll’t‘:)‘ck:“‘i’:‘{‘to?‘"mgzflw 4 irom 4 31 per cent effecive today, | 10K |79 | Bethlehem SUsi{E). 188 Sox e 7 o PR $ SLACK ries are Operating at mave Hhun B NON-SPECULATIVE the eral Reserve al announces. w3 - o o Mot 6 cent of estimated ] The New York member bank has| 69 : g"h”hfi,‘,fna:" 3 48). lg 34 31% 32 3 Powder (3) 2 |N BUSINESS woRLD average of 3,520.900";::::1]'!'. “l.z;: r:: b N . Sl el 0% 6oie Borden Co tkay, % e T Te Pow pt (1). 10s through the stills, but stocks of gaso- gives ready sanction to invest- lowest since the board was organized— o ; 4 E 7 Hershey Choo (8)... 13 line in storage have shq 2 50% 26 Borg Warner (3). 19 27 26% :64 274 % - ge e shown a decline. R e N Il % 3 Bimconaar. 1 ek oaitis Hershey Choe pf(t6) 2 4 E £ New Tariff | CTent Prices show little change, ment in our e e 24 13% Briges MfgCo...... 93 19% 18% 19% 20 % Hos (R) & Co. - 1 Anxiety Over Effects of New Tariff | (Copyright, 1930.) I emne e timately| 22% 13 Brockway Motor Trk 1 13% 134 131 14 SR TR ; ! = —— 69, FIRST MORTGAGES s s pius of MPREEEY] &5 98 Brockwss MetofeTy. 80e- T84 ek Tor o Houdaille-H (B)1.20 11 One Important Factor in 0 ‘,’I:N;“"v“““‘ briefhand odt gearia A 78% b8% Bklyn-Mannat4).. 1 614 614k 6l 64 ( Housenold Binpr(e) 3 iti BAN AGAINST SOVIET . . b 4 3 15% 10 Brooklyn& Queens.. 3 13% 13w 13% 13w Bouston OIL(B1E%) . 68 Present Conditions. There is no speculative ele- Poole Off to Rotary Conclave. 66's 53 Bklyn&Queenspf(4) 1 60 60 60 61 :“:;)sf““"l?o,' H John Poole, president of the Federal- | 1784 122 Bkiyn Unfon Gas (5) 20 127 120 150% 126 Dy aun. 1 AIRCRAFT DISCUSSED ment about them. They are American National Bank, and Mrs. Poole | 42 37% Brown Shoe (3).. 2 38 38 38 3% Bt oae Special Dispatch to The Star. | left, Washington today for Chicago to| 33% 11 BrunsTer& Ry 8 7 12% 124 12% 13h D L Sar R 20 NEW YORK, June 21—The opening Over a Third supported by real estate that we . 81% 19% Bucyrus (1) 14 21% 20% 21 21y Independ O1l & G(3). 18 er ds the volume of general | o " o pp - attend the Rotary convention, the or: of Summer fine Gl Ma ganiztion's siver anniversaiy. Mr.| {3 3% Buoyranerst(¥). 1 s us a5 a4 I81 MatorCysle k] business at the lowest point so far @lenn Martin Says Action by U. 8. of a first of all have fully satisfied P 7 udd ( AR "9 an Ref 3 lon and productive o 5 & mmiber Of Jebre: sorving 85 president| 1% S Budd Wheel 1.0 10 100 10w 10w 1% Indian Refining reia. 16 Sekiviy, "which‘has been nolding up| Government Will Not Hurt rselves as to its real value, of Washington Club in 1018; elected| 91% B84 Buft & Suspfctfs(4) 305 89% 89% 89% 89y Indus Ray(b5% stk) 1 somewhat better than general trade, is B 3 Century ourselves . president of Rotary International June,| 74 7% Bullard Co(1.60)... 23 31 28% 31 32 ingerscli-Rand (15). & now giving way to the usual seasonal Firm's Business. 1918, at Kansas City, presiding at the | 43 26 Bulova Wateh (3)... 22 27% 27 27 271 Inspiration Cop (2) % | slackness, says the Business Week in its Without a And the 6% interest comes | vention in Salt Lake City in June,| bl% 324 Burr Add Mch (1) 22 88 32 32 35 Insurance Sh (45e) 1's 111 11%| report covering the week ending - /e | 1919 ’] 110 100% Bush Termdeb (7).. 10s 103 103 103 102% Insuanshares efs M. 10 10 10% | June 21 Special Dispatch to The Sta L larly its due date - . 112% 681 Byers (A M)... 42 78 68K 69K 71 Interboro Rap Tran 23%, 24% 24 The slight Spring stimulus to busi-| NEW YORK, June 21.—Discussing 75 TERL AR O 1artuTidare; | Dooley Wins A. 1. B. Honors. 114 109 Byers (AM) pf (1)..100s 112 110% 110% 112 Intercontl Rubbi 4. & 4%|ness has spent itself and activity has | current operations of the Glenn I¥ g ! Frank M. Perley, president of Wash-| 771, 64 Calif Packing 14)... 4 64% 64% 64% 65 In 18% 16 16% | been declining since the middle of May. | Martin Co., of which he is president. May be purchased in amounts |~ ington Chapter, American Institute of | 2y, 1 CallaahanZinc&Ld. 3 1 1 i 1 Intl Agricultural P 160 160 |The business thermometer stands at|Glenn L. Martin sald today that the feas Banking, telegraphs from the Denver| gsgi, 48 Calumet& Ariz (2).. 12 52 50% 50% 53w Intl Bus Mach (n6) 160'% 1604 164 | 88.7 per cent for the week, which com- | Sfate Department's =~ disapproval of from $250 u convention that Aubrey O. Dooley, 85-| 333 13 Caiumei&Hec(a 16 15 14% 14% 14% [pUCarriers Ltd X. 8 13 124 12% 13 |pares with 90.5 in the preceding week building military planes for the Soviet 8 P- Sl sistant trus{. on}cer aka;zm;em-.sm- 30 17 Campbell Wyant 2) ,7 u; 18 18 18% }g:: g:';ml_:.gn - and 109.1 per cent in c: ggl;:espo:ld- government in no way alters the com- : erican National Bank, en ap- 75% 66 Canada Dry G A (6). 8 50% 58 59% 59% SR o mmy Yy prices | pany’s business at hand. The nl; i inted chairman of the national pub-| 226 187% Canadian Pacific(10) 8 188% 187 187 = 191 Int] Harvester (3%) 102 -war_levels, stocks | Russian order under discussion _re. city committee of the institute, 521 461 Can Paciflecnew)w. 10 47 46% 46% 47% it e LD U B under the last November lows, in &!cently was for one fiying bost My, Dollars and Sense, the official publi-| 362% 166 Case (J 1) (6) . 134 169 164% 167 171 intl Hydro E1 A (e3) 47 universal blue funk about world busi-| Martin explained, while the question i F cation of Washington Chapter, was ad-| 132 115 Case (J 1) pf (7),... 808 127% 127% 127% 127w Intl Mateh pf (4).... 15 ness conditions and anxiety over ef-| military plane construction was a . . . Jjudged the best publication of the kind.| "79y, 54 Caterpillar Trac 13% 20 Intl Mer Marine (1). 6 fects of the new tariff. hypothetical which might have led The institute also awarded a prize to| 75 59 Cavanagh-D pf(6%) 10s Intl Nickl of Can(1). 306 American business 15 gIVIng & Dretty | (o an actunr raer iy ient have Tiis < Rt " the chapter publicity chairman who ob-| 60 15 Celotex Co o b Intl Paper pt (7). # | poor exhibition of its proverbial spunk | To ‘avold possible future. compricatimes National 2100 925 15th St. N.W. ..z I Dy e i, e yenI [ 30% 281 CantiAgutirs oo e e and shrewdness, =After six months of| Mr. Martin raised the question with the etk e TR TR TR ot papawr vt 7 {Beomie Fnave Swallowed i the water| Ny DePRTUIERt o ompany Zormr e ° Thomas J. Mangan, jr., manager of | . T el and bruised all the hide they care 1o, is now working on a $4,100,000 program THERE IS NO SUBSTITUTE FOR SAFETY the Washington office of Hemphill, 7 4 Intl Salt (new) and are going to come up f°'hl"' Some | involving the construction of 65 fiying T — — Noyes & Co., and Robert J. Carpenter & Onto Corp 11 Intl Shoe (3). .. :m;.u‘hr’;‘kse“"‘;mg- l“:';*_gh‘t;{!,f,‘";‘; boats for ;‘he Un;u:gofisovfia Navy. T{he e Sths e Tebumed from @ s4 Sni ation. & et felt the world over. The bright boys| SOvPany Bas & $6.000,000 program for business visit in New York. - 5 Chi& Alton H Inter Dept 8trs (3). . e next year and prospects of some $8,- cluding Hocking Valley ilway, May | 31% Chi Great Westn pf. 23 n Corp 12).. f 4 o Surplus after charges $3.260.093, ageinst | 13 Chi M BtP & Pac. . 9 [uvestors Equity(3). 4 fortunes in this slough of despond while | fer Py 1" question of redcing . $2.971.211 in May, 1820; for five months 20% Chi Mil StP & Pacof 10 Jewel Tea (14)..... 3 der feelings and keeping their money Seerr = $12.238,805, against $12,337,504. | T1% Chicago & N W (6).. 2 Johns-Manville (3).. 86 e L $ May automobile prodiction in Unitea 11% Chi Pneu Tool, .. 4 Jones & Laugh pf(7) 208 In’ thelr socks. INVESTMENT TRUSTS in n 776 Btates totaled 417, cars, as against | 46 ChiPneuTopf (3%). 1 Jordan Motor Car 2 e e s 21 (B)— 442,335 In, April and s04Sol in Mey,| 126 103% ChiR)& Pae ). 26 1035 300 100" 108% S RA GRG0 D). s 18 CONSTRUCTION WORK. e ; for five months 1,883,616, against| 1041, 98 1 Pac pf (6). 9 i 2 . AR e P . 2,679,511 in 1929 period and 1804,725| 32 25 Chj YellowCab (3).. 208 26 26 26 sars e L U By s e £ of the | Aot Stand On Enares: e 1T N 1776 an enterprising pioneer o g aah Cott 2 201 20 20s, % -03).. Construction in the region east of the [ A{1%% Pac Int units - fitted bl in 1928 period 3214 20 Chickasah Cotton O 4 204 20 201 Kautmann DS 11%), 1 At & Pac Int units itted up a wagon able to make There were 609 names on the petition | 673, 511 Childs Co (2.40). 5 b4l 53 53 56 Kayser Julius (235), 4 Rocky Mountains fell off rapidly during | Basic Industry Sha the' ninety-mile tri th for & holiday on the New York Stock| 43~ 24l Chrysier Corp (3)... 101 26% 24 25% 26 Kelly-Spring Tire... 4 the week ended June 14. Reports of | Cavital Manase Y- rip .over the Exchange on July 5 up to vyesterday.| iy City Stores (50 3 T 6% 6% Tk Kelly-Spring 8% pf. 50s contracts executed, filed with the Cen-| Srum & Forter In B rough and dangerous Colonial roads be- e e T el s cemit ety N e s Kelsey Hayes ). 23 28 | sus Bureau, set the week's volume ma- | Grum & Foster o ! tween New York and Philadelphia. | 14% Collina & Alkma 1 18% 17Th 17w 19w ¥ enduli Cope (8377, 108 18 15 18~ 33°| terially below that for the same perlod | Divecsified, Tesice, Shares 5 The journey required only two days— s R el 1 - Kennecott Cop (3).... 60 384 g T o g O av3.000 i and this was considered such marvel- det Colfuel kiron (3310 10 4w sz 42 & el TR Previous week... sasas000 || ous speed that the owner advertised 59% Col (vas & EI «2). ., 2 62 59% 61 68y < Same week last year 2 8 i o i i ”» . ink P t4;| 3T 16% Colum Graph (a3le). 126 184 17 18k 18 Kress (SH) (1) 2 8tand Collat Trustee Shares : > o Buter_-One-pound prints, 37:4a38% 198 " 110%s Columbian Carb (16) 23 1204 1134 115% 128 Kreuger & Toll 166" 152 DIVIDENDS DECLARED $'Wstraus Tnvest units through gradual and patient accumula- Eggs—Hennery, 24a25; current re-| 0b 3350 comh STegl AV 4 % Gratmy, NEW YORK, June 21 (B).— tion of flying knowledge, cover the eeipts, 22a23. 761 C . 4 Lambert Co (8) 13 2 s Poultry, alive_spring broflers, lurge, | O e Lieo Ruboer & Tife < 19 L O Monexftosloan same route in less than an hour, 38a40; small, 33a35. Leghorns, 20a23; | 0 8 S Lehig alley - v -of . d fowls, 20a21: Leghorn fowls. 16a17;| 190 55 CommlnvT: of 6%. Lenman Corp (3) 13 6¢ o) 'ia“f';.‘.?'y"} Jhine 34 | Seeued by rat dcad af trast om real eatate. The road to sudden riches; like the roosters; 14al5; ducks, 15. Dressed—| 40 17 Gomwith & Sou:806) il i o1 8 e a July Joseph colonial roads of old, is rough and ot ring broilers. large, 45a47; small, 40a| (20,4 12w omn L LibOwens FGI (1), 7 2 2 0 % gl @ July 1 osepl s A ' s D borns, S0WSE: fowis, e res| 104% Al S Ligsen & Myersurs) 2 4T dan sme o0 Ak 8 g ’g i | dangerous. Some people, seeing the b5 horn fowls, 19220; roosters, 17; ducks, 10% Conkoleum-Nairn g8 & Myers (1), K g "N 90'| Cont Inv br pf A.621ac Q July vast wealth of many financiers, marvel b 2 odogiblio i ey 5 - Ligg & Myerspf (7). 2 140 140 140 1401 | Prankiin Process...50c @ July 1 | v r's, n € S foiki; fosah Killed<Veet; 2042+ vesl, B e A L Lima Locomotive . 3 2 Gray Erovesses...- 4% s 307 1 Junss Real Estat Lfla | —while others know that it is the an Be ) ho miat bo bineeses). 67 Consol Cgrorpt6%. 80a 72 70% 70l G O« T e e eal Lstate ns gradual accumulation of funds over a res| ns, 2582 sh shoulders, 22; 15% Consol Kilm ¢2)..,,. 7 18% 18w 180 Intersiate Pub ‘Ser A g 3 inan- smoked hams, 27: smoked shoulders, 18 Consol Fiim pt (37, 14 & 194 19% Lo T8 Proin o i @ July 18 June 30 Lowest interest and | period of years that brings real finan. 22; bacon, 27; lard, in packages, 13; in 96% Consol N Y (4). 367 106 1024 1021n LA a3 commission. cial independence. ik, 12. estic Royalt: M July 1 une 2! | bulk, . v 99%; Consol Gas NY pf(6) 3 102% 1023% 2 & Lt p! L Q Aus. 1 July 15 3 S B Live stock—Calves, 915; Spring 49 Con RRCubpf (8)., 3 56 AT § Juysl Junedt) @ Large and small loans That is why wise investors purchase lambs, 10. 1i% ContaineriA) (1.20). 3 DL raitie & Jily 14 negotiated. the First Mortgage Notes issued o, "ol 355 020 18 Cont Biune eay.. ol e GEEY SRS Ao memey for cound 204 ¥ Db cantaloupes. 3500430 Honey: 3 ConiimakimEtN) o 18 24% 284 204 25M Pl i @ Uiy T dineda o through Swartzell, Rheem & Hensey ; 3 : y- 2 | N dews, 2.50a3.00; honeyballs, = 6.00 e onn e ar (B LR MoKessptTPL(16). 22 T8W 70 70 74 | Woade Wal @E 0 T O L ¥ 1 Company, for these notes have proven peaches. 300, biackberries, Jotat00: 10" Contl Diamon (3. 41 Nekewsons op 3} 1 23w i s 2 | Moore & Hill, Inc. throughout the years that they do not raspberries, 9. -00; b 58: 50% Contl Insur (249).., 9 2 bl 8, " i i 8 oranges, 6.50a7.50; lemons, 6.00; huckle- I e L 4 Mack Truoks(S). .. 42 BL 4B $0° 4ot Am meviegs B (Since 1900) fluctuate in value; are alwalys worth B N 0 i\ HaBoSI00: 1% Contl Of) of 38 el LRI 5 30 80 80 33 |Galabrosess 730 17th Street N.W. 100 cents of your invested dollar—year ols 0 pocnaNsacks’ 275, tniatong T e e A Mallison & Co SeRAD: SN 10 in and year out, and steadily, unfail- Mississippls. 90al.15; Florida, 250:| 33 151, Coty Ing... 1 :;::-El: .S‘u'ur 4 . lm )au l;% 3 s mane I ot e e ingly, they pay you your regular inter. spinach, 1.50; k;lg. 75u90;r|3:eu. e igg 22 10% Crosley Radi: oo R vl Lt m&’.’; 2 2714 21 27 27y Continental Inv. est return of 6 per cent per annum. B es. ~e00m5.00" inieing. busce. #0a| % 0% CibaCone Frosueta: '3 Man Shirt (3).. 3% oAz 13w turnips, per 100 bunches, 3508 | 19% 9 cubaGor s o AR 1 aracaibo Ofl Exp. Separate Units.. . 00; Mma beans, 3.00a3.50; cucumbers, | s 3, Codunypacing 5 1 0 a0 MaretStRydapt. 1 4 i IR Ol g SWAIZ'IZtl.I.. ; squash, -00. 121% 114% Curtls Publish pf¢7) 1 11 Ma y h 2d pt.33 1 20 it SRS = 14% 61 Curtiss Wright Corp 119 71 T4 :“:l’::‘;‘;,i‘&"“""’."},’ n H 0 et * s‘:‘d e RHEEM HENSEY ©O. Business Week says the opening | 19% 9 Curt WrightCorpA. 8 8% 9y May Dy i 450 | %% . of Simmer Ainds the volume of gencray | 0% 55 Cutler-dammer 3 11 504 59 Mayian g it o8 Y e e oo e e MORTGAGE BANKERS business at the lowest point §0 far| 43% 24% Davison Chemical 7 26% 254k 25 Melville Shoe (2) 1 32 Omitted 727 15 STREET N.W. reached in the recession and productive | “41: 20 Decre & Co pf (1.40), 1 22 22 22 2 ngel Co (2 1 2 14| 8oy Tee & LUl L5178 @ Due June 1. b '/ Activity, which has been holding up' 181 155 Delaware & H 1 154% 1544 154% 165 Mexican Seaboard... 113 184, 17% 17% 19w ', Do ot Blo o 4L78 @ Due June b WASHINGTON D.C. mw{nt better than genersl trade, is 4 113 112% 112% 113% Miami Copper (4)... 18 17 76k 164 16% b now giving way to the usual 1 85 65 b8 BT Deferred. slackness. 4216 216 216 23 - ———— (Continued on Pags 12.)