Evening Star Newspaper, August 1, 1930, Page 13

FINANCIAL. : NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. ISSUE LISTED IN D. C. EXCHANGE Lolumbia Medical Building * Stocks Given Approval by “44 Governing Board. ™ BY EDWARD C. STONE. ' The Board of Governors of the Wash- fngton Stock Exchange today voted to st 3,000 shares of $100 par-value com- mon stock of the Columbia Medical all of the 1$300,000 capital stock of the com- pany now being outstanding. The office building on which the stock is ed is located at Nineteenth and I streets northwest ‘Today's _ action by the exchange officers places a second medical of- fice bullding secur- ity on the local board, the other a&unt NlnlM me ‘ashington Medi- joseph F. Dowdall. eal Building Cor- s ration, which also has $300,000 cap- tal stock, last sold at 100 and is now being bid for at 93, with none offered. The officers of the Columbia Medical Building Corporation included Dr. Charles S. White, president; Dr. Archi- bald L. Miller, vice president; Dr. Of and Dr. treasurer, all of ‘Washington. The corporation holds a Virginia charter, so that the annual meetin are held in Alexandria. The Federal- American National Bank is the regis- trar of the stock. The issue was the first one listed on the local exchange in many weeks, in fact, in several months. In these days new listings are rare. Trading on Exchange Light. Trading on the Exchange today was the lightest in several weeks. Ten shares of District National Bank stock changed hands at 213, 18 shares of Mer- genthaler Linotype moved at 96, and a $100 Washington Gas 6, Series A, sold at 102, The unlisted department showed hardly any changes during the week. ‘The bid on Park Savings Bank stock was reduced from 70 to 68 and the asked %flce from 90 to 80. The bid on Raleigh otel stock dropped from 50 to 45. The bid on Washington Base Ball stock now stands at 62. ‘The week ends without an issuue on the Exchange being quoted ex dividend, all dividends now due being paid today. *J. F. Dowdall Joins Murphy & Co. Joseph F. Dowdall, now associated with Messrs. G. M.-P. Murphy & Co., ‘was connected with sevéral of the larger brokerage houses in New York from 1914 to 1917. He served as first lieu- tenant in the United States Air Service overseas during the World War. After resigning from the Army, Mr. Dowdall associated with several brokerage houses in Washington, the greater part of which time was spent with F. B. Keech & Co. While with F. B. Keech & Co. he or- ganized the Washington Railroad Secu- rities Trading Syndicate and acted as co-manager. Long experience in the railroad security market has given him an excellent reputation in railroad finance. He is also one of the investment ad- visers and a director of the Utilities, Hydro & Rails Shares Corporation of Boston; vice president of the Capital Research Corporation and a member of the National Press C‘lu: and the Con- ssional Country Club. e aehern ation’s Report. The Southern rporation’s first an- nual report, figuring 61 cents a share, 85 of June 30, 1930, shows the following net income since July 2, 1929, when the organization was started with headquar- ters at 800 Fifteenth street northwest: Income: nge 0“ Dividends . s1p4. 7,068 ARt restinaq ‘iiom sale ‘of, securities. .......... Proft realized from syndic cate lcipations and trading accounts. Bxpenses and _ other o] cnarges _(including intere: RN Soting To $20.450). . ¢ income for_ the period. before e ovision for Federal ncome tax. 1207.812 Provision for Pedersl income tax 15:412 282,499 In his report the president, Herbert J. Adair, states that the corporation had 28 different securities in its portfolio on June 28. These are listed in the state- ment just sent to stockholders, among them being American Telephone, Balti- more & Ohio, American Superpower, Blue Ridge Corporation, Rock Island Railroad, Electric Bond & Share, Erle, Midcontinent Petroleum, National Dairy Debentures, New York Central, Orange Crush, Standard Brands, Union Paclfic and United States Steel. ‘The other officers of the company are: Edward S. Perot, jr, vice president; John A. M. Adair, treasurer, and Edgar N. Snow, secretary. The stock is listed on the New York Curb Exchange and is selling currently around $6, with $87% as the high and 8414 as the low for 1930. Gleaned in Financial District. Edmund Platt, vice governor of the Federal reserve system, is the author of an article in the current number of the Bankers' Magazine on “Dangers From Arbitrary and uneconomic Restraints on Banking Development.” He comes out strongly for legisiation which will per- mit banks to establish branches within £o-called trade areas and subject to the discretionary supervision of the con- troller of the currency. National Dairy Products Corporation and subsidiaries, in first six months, earned $2.16 a share on 5,971,636 com= mon shares, against $1.85 a share on 4,124,441 shares in like 1929 period. Safeway Stores estimates six months earnings in excess of 82 a share on 631,- 872 common shares, after all charges including extraordinary inventory de- preciation charge of $750,000, as against $4.31 a share earned on 611,651 shares in like 1929 period. ! Childs Co. first six months earnings $1.36 a common share, against 67 cents a share in first half of 1929 Reduction of the par value of the | common stock of the Chesapeake & | Ohio Railroad from $100 to $25 per | share, was announced at Richmond yes- | o terday. ‘Thomas J. Davidson of Stein Bros. & | Boyce, and George P. Grau, jr., of the | central branch of the American Secur- | ity & Trust Co., have reached the finals | in Washington Chapter's annual golf | tournament. The play-off takes place soon and the winner will be awarded | the W. W. Spaid trophy. ; The daily average volume of Pederal | Reserve Banlk credit outstanding during | the week ending July 30, as reported by the Pederal Reserve banks was $934,000,000, a decrease of $43,000,000 compared with the preceding week and of $388,000,000 compared with the cor- responding week of 1929. New Type of Trust Appears. The first investment trust of a new type, a cross between the manage- ment and the fixed types and claim- ing to contain the best elements of each, appeared yesterday, says the New York Times, and another is expected along in & few days. The principal way in which this type differs from fixed trusts is that these may alter their portfolios within the range of A rating stocks, and that they are not re- quired by indenture to sell and distri- bute stock dividends and rights as soon 88 they are declared. Investment trust bankers are watching this new devel- THE EVENING STAR, WASHINGTON, D. Note—All stocks are sold in ove hundred-share lots excepting those designated by the letter s (658) which shows those seocks to be sold in odd lots only. ~ Stock and High. Low. Dividend 4214 22 Abitibi Pwr & Paper. Trev.1930— 20% Addressograph (1 15% Advance Rumley pf.. 1 % Ahumada Lead 156% 103% Alr Reduction (3). 36 16 Afr Way T1 Ap(2%). 15% 8 Albany Wrap Paper.. 35% 18 Allegheny Corp. 343 232 Allled Ch & Dye(nf). 126% 121 Allled Ch & D pf (1)« 68 4814 Allis-Chalmers (2) 24 Alpha Port Cmt (2).. 18 Amerada Corp (2). 41% Am Brake Shoe(2.40) 68 Am Bank Note (43) . 61 Am Bank Note pf (3) 118 Am BrSh & F pf (7). £% Am Brown Bov Elec. 80% 60's Am Brown B E pf(7) 15615 1081 Am Can (4) 8§21, 42 Am Car & Fav (6). 69% 89 Am Chain (3) 36% Am Chicle (13)....u 91 Am Comm Alcohol. .. 33% Am European Secur.. 5614 Am & Forn Power 1 95 Am & For Pwr pf(6). 111% 106% Am & For Pwr pf(7), 7 3% Am Hide & Leather 69% 55 Am Home Prod(4.20) 55% 28% Am Internatl (2). 43% Am Locomotive (4).. 284% 180 Am Mach & Fdy (7) 42% 36% Am Mach & Fy n w. 3014 Am Metal Co (1) 65 Am Nat Gaspf (7). 72% AmPwr&Lt (21)... 99 Am Pwr & Lt pf (8). 80 Am P&Lt pf A st(6). 23% Am Ra&Std San 1% . 48 Am Rolling Mill(n2) 5214 Am Safety Razor(5). ¢ B3 Am Sm & Ref (4) 133% AmSm & Ref pf (7). 6% Am Solv & Chem. 3614 Am Steel Fdy (3) 5514 424 Am Stores (2) 69% 47 Am Sugar Ref 26% 9% Am Sumatra Tob. 274% 200% Am Tel & Telex 264% 197 Am Tobacco (112)..3 121% 120 Am Tobacco (nev') . 269% 197 Am Tobacco B (112), 121 119 Am Tobacco B(new). 1241 120 Am Tobacco pf (6). 114% 106 Am Type Fdy of (7). 124% 784 Am Water Wks (nl1). 204 T4 Am Woolen. 44% 19% Am Woolen pf. 615 AmZinc Ld & Sm. £1% 4d}: Anaconda Cop (3%). 29% 1914 Archer-Dan-M (2).. 110 103'% Archer-Dan pt (7). 84 4% Armour of Ill (A) 4% 2% Armour of Ill (B) 2425 194 Atch To & S Fe (1 50's 28 AssoDryG (2% 108 102% Atch To & SF pf (5) 51% 304 Atl Refining (12).uve 87 251 Atlas Stores (n1) Auburn Auto (34) 351 24 Austin Nichols pf. 10% 2% Autosales. . 81% 87 Auto-Strop Saf R(3) 9% 4% Aviation Corp of Del 1:: 19% Baldwin Loco (1%). 122% 98% Balto & Ohio (7). 8413 63 Bang & Aroos (3%) 34 20% Barnsdall, A (2) 48% Bayuk Cigar (3) 6715 Beatrice Cream (4 70% 49% Beech-Nut Pkg (3 6% 3% Belding-Hemingway, 57% 27% Bendix Aviation (3). 564 814 Best&CO (2)..ruren 75% Bethlehem Steel (6). 1224 Bethlehem Stl pf (7) 281 Bohn Al & Brass (3). 90% 60% Borden Co (k3)..... 501 23% Borg Warner (3. 26% 13 Briggs Mfg Co.. 2214 121 Brockway Motor T 78% 6R% Bklyn-Manhat (4). 176% 115 Bkiyn Union Gas (5. 30% 13% Bruns-Balk-Col. 3 5% Bruns Ter & Ry 81% 19% Bucyrus (1)........ 43 33% Bucyrusev pf (2%). 7% Budd (E @) (1 27% Bullard Co (1.60). 2614 Bulova Wateh (3) 29% Burr Add Mch (1) 99 Bush Term deb (7). 109% Bush T Bld pf (1)... 4% 2% Butte Cop & 2 (50¢). 29% 13% Butterick Co... M 7% 60% Calif Packing ( - 214 1 Callaahan Zine & Ld. 33% 13 Calumet&Hec(al%). 30 17 Campbell Wyant (2). 75% 56 CanadaDryGaA (5). 226% 184% Canadian Paeific(10) 52% 45% Can Pacific(new)w.i. 362% 1561% Case (J 1) (6 .o 79% B4 Caterpillar Trac t3 20 14% Celanese Corp 60 9 Celotex Co. . 84% 60 Celotex pf (7). 315 230% Cent RR of NJ (t12). 67% 20% Checker Cab (I.lfl)i. ) 52% 27 Chi Great Westn of.. 46% 20% Chi Ml StP & Pae pf. 125% 95 ChiR1& Pac (7). 104% 98 ChiRI& Pacof (6). a8 98% 83 City Ice&Fuel pf 63 6% City Stores (50c. ... Clark Equipment (3) 191% 138% Coca-Cola (6)....... 64% 50 Colgate-Pal-P (3%4). 35% 14% Collins & Afkman... 361 Col Fuel & Iron (1). & W (2).. Col Gas & E1 pf A( Colum Graph (a28c). Columbian Carb (18) Comm Credit (2). Comm Credit A (8).. Comm Solvents (£1) Comwlth & Sou(60¢) Congoleum-Nairn... Consol Film (2) Consol Film pf (2).. Consol Gas N ¥ (4).. Consol Gas NY of (5) Con RR Cub of (6).. Consol Textile. ..... Container(A) (1.20). Container(B). .. Cant] Baking (B). Contl Can (3%).. Contl Diamond (2). “rown Cork & .. Crown Zellerbach (1) uba Co. Cuban-Amer Suga: 4« Cudahy Packing (4). Curtis Publish pf(7) Curtiss Wright Corp Curt Wright Corp A . Cutler-Hammer(3%) Davison Chemieal. .. Del Lack & Wn (17). Deere & Co pf (1.40). Diamond Match (8) Dome Mines (1) Drug Corporatn . Duplan Silk pf (8).. Du Pont de N ($4.70) Dupont deN db pf(§) Bastman Kodak (18) Eaton Axle & S « Elec Auto Lite (¢ Blectrie Boat. B Pwr & Lt (1).. 4 Elec Pwr&Lt pf (6). Elec Storage Bat (8) Endicott-John (5).. Eng Pub Serv (2.40). Equit Offce Bldg (3). 354 Erie R R. 2% 34% Fal Fed Motor Tr (80¢).. Fed Wat 8. A (e2.40) ¥'id Pho Fire 1(2.60). Firestone T&R(1.60) Firestone T&R pf(8) First Nat Stre (3%). Fisk Rubber. .. Fisk Rubber 1st pf. Flosheim Shoe A (3). Follansbes Bros (3). Foster Wheeler (3) .. Fourth Natl Invest.. 164 Fox Film (A) (4) 87 Freeport Tex (18). 5% Gabriel Snub(A)gew 46 2 64 40 25 60% 28% 55% 1% 1045 Baldwin Loco pf (7) 170 Chrvsler Corp (3) . ... 153 s 3 M Sa am [SETN P PUTAVIVE- S TOUPRUPS - [P JU0E - JOP ST « oo maam St - -3 = 76% 118% (265s) Sales— Prev. Rate. Add 00. Hivh. Low. Close, Close. 1 26 26 26 26 26% 26 314 22 27% 19 114% 110 % Gre W Sales— Prov. Rate. Add 00. Hich. Low. Close. Close. 3 8% 9% 814 Gen Am Inv pt (6) Gen Am Tnk Car(34) Gen Cable pf (1) Gen Cigar pf (7) Gen Electric (1.60).., Gen Elec spec (60c) Gen Food Corp (3)..y Gen Gas&EL A (e30). Gen G&Elcv pf(6).. Gen Mills 3)....... Gen Motors (13.30. Gen Motors pf Gen Out Adv(A) ( Gen PublicSvo (b, Gen Ry Signal (5) Gen Refractor (t4%): Gen Steel Cast pf (6) Gen Theat Equip vto, Gillette Saf Ras(n6). 26 Gimbel Bros.......s 2 Gimbel Bros pf (7).« Glidden Co (2).. Glidden pr pf (7). Gold Dust (2%). Gobel (Adolf).. Goodrich (B F) (4).. Goodyear Tire (5)... Gotham S H pt (7).. 2008 Graham-Paige. 5 Graham-Paig Granby Con Min (3 Grand Silver 8 (m1). Grand Unlon pf (3). Grant (WT) (1)...0e Sug(1.40).. Grt West Sug pf (7). 50s Grigsby Grunow.... 23 i 16 7 4 Gulf Mobile & North 1 Hackensack W (1%) 500s Hahn Dept Stores... 4 Hall (W F) Pr Co(2) Har Wkr Ref (1234), Hartman (B) (1.20). Hayes Body........ Houdaille-H (B)1.20 Houston O11 (b10%) . Hudson Motor (5)... Hupp Motor Car (2)a Illinots Central (7). ). Ingersoli-Rand (15) Inspiration Cop (2).e Insur ctfs(Md)(60c). Interboro Rap Tran.. 4 Intl Bus Mach (n6).. 4 Macl Intl Carriers, Ltd %« Intl Cement (4) ... Intl Combustion, .. Intl Comb Eng pf.... Intl Harvester (23%). Intl Harv T pL(7)s Intl Hydro El A (e3): Intl Match pf (4).... Intl Mer Marine (2) . Intl Nickl of Can(1). Intl Paper pf (7).... Intl Pap & P (A)2.40. Intl Salt (new) Intl Tel & Teleg (3). Inter Dept Strs (3).. Johns-Manville (3).. Johns-Manv pt (7) Jones & Laugh pf( Kayser Jullus (2%).. Keith-Albee-O pf(7). Kelly-Spring Tire... Kelsey Hayes (2).... Kelvinator Corp. ... Kennecott Cop (3). .2 Kimberly-Clark(13). Kinney (GR ) pf (8). Kolster Radio.....« Kr $8)Co(1.60) Kreuger & Toll 1.60.. Krog Gr & Bak (nl1). Lago Ofl & Trans. ... Lambert Co (8)..... Lehigh Valley Coal.. Lehman Corp (3).... Lib Owens F Gl (1), Ligg & Myers B(15). Lima Locomotive Link Belt (2.60)..... Liguid Carbonie (4) ~ Loft. Ine. Loose-Wi Louls & Nash (7) ... Ludlum Steel (2)..45 McGraw-Hill (2)...: McKeespt T Pl (15) .. McKesson & Rob (2), McKes & Ro pf(3%). Trucks (6).... Madison Sa G (1 Magma Copper (4) Mallison & Co. Man Elev mod ) Manhat Elev gtd (7) Marine Mid (1.20)... Marmon Mot (h50¢).. Marshall Field (3%) Mathieson Alkil1 (2). Mathieson pf (7). ... May Dept Strs (n2).. Maytag Copt (3).... Mexican Seaboard. .. Miami Copper (1%). Mid-Cont Petm (2).. Midland Steel (3).. . Midland Steel pf (8). Minn Moline Pwr. ... MoKan & Texas (2).. Mo Kan & Tex pft7 Missouri Pac pf (5. Mohawk Carpet. Monsanto Ch (g1 Montgom Ward (3)., Mother Lode (20c)..; Motor Meter G & El.. Motor Products (2).s Mullins Mfg. .. Murray (b3 %stk). Nash Motors (4)..ea Nat Acme (134)....0 Natl Biscuit, n(2.80). Nati Cash Reg.A(14) Natl Dairy (32). Natl Distillers (2 Natl Pwr & Lt (1). Natl Rys Mex 2d pf.. Natl Steel (2). . Natl Supply (5). Natl Surety (6)..ce0 Nevada Copper (1% ) Newton Steel (2).... N ¥ Alrbrake (3.60).. N Y Central (8). N Y Chi & StL pf(6). @ = o S T ST ST PPN - (P e-19 4 NYNH& Hart (6).: N Y Steam pf (6).... 4 N Y Ont & Western.., % North Am Aviation.. North Am(b10% stk) North Am Ed pf (6).. Norwalk Tire & Rub. 01l Well Supply..... Oliver Farm Equip. Ollv Fr Eqpf A (6).. Oliv Fr Eqcv pt(3).. Otis Elev, n(2%)aees Pacific Gas & El (2). Pacific Lighting (3). Pacific Mill: Pacific Tel &' Packard Motor (1) Pan-Am Petm (B). Pathe Exchange (A). Patino Mines. Peerless Motor Car.. Penlek & Ford (1)... Penney (J C) (3).... Penney(JC) pt A(6). Penua RR (4)... Penn Dixis Cement. . People's Gas, Chi (8) Petrol Corp (1%). Phila Read C & 1. Philip Morris (1).... Phillips Petrm (n2).. Plerce-Arrow pf (6). Pitts Ft W&C pf(7 Poor & Co (B) (2)... PRAm Tob A (3%). P Proctor & G Prod & Refine Pub Serv.N J (3.40).. Pub Serv N J pf (5).. Pullman Corp (4). Punta Alegre Sugar.. Pure O1l (1%). 21% 21% 21% Pure Ofl pf (8) 112 111% 112 (Continued on Page 14) . 21% 112% ISTOCKS IRREGULAR AFTER EARLY DROP Leaders Lose 2 to 3 Points Before Selling Pressure Is Lifted. BY CLAUDE A. JAGGER, Associated Press Pinancial Editor. NEW YORK, August 1—The stock market sank rapidly under a mere feather weight of selling pressure today, until bulls apparently decided that timidity in the face of such liquidation was ridiculous, and by early afternoon began bidding up a group of specialties, which turned the entire list upward. Utilities developed pronounced weak- ness, as bears turned their attention to this group, on reports of an impending reduction of around 25 per cent in New York City electrical rates. Leading in- dustrials sagged a poir& or two, but soon attracted support. Trading Very Duil Trading was about as dull as any ex- perienced during the past two years, sales during the first two-hours falling close to 500,000 shares. Ironically enough, it was announced that the high- speed tickers, permitting rapid nporttn'lfi of 6,000,000 to 8,000,000 share days, all be installed by Labor day. The feeble character of yesterday's rally was disappointing to the bull fac- tion, but, with many indicatioms that the recession in business has reached bottom, bears lacked courage. Traders generally, however, appear to be await- ing some indications as to the probable scope and duration of the impending seasonal expansion of business before committing themselves very extensively to higher prices. The day’s business news continued of an inconclusive but mildly cheerful character. The National City Bank in its monthly survey found consumption overtaking production. - It pointed to the agricultural situation as the out- standing sore spot, but explained that excessive farm production probably would be nil if the buying power of mil- lons now in want in the world could be_improved by better trade. ‘Wall Street found the analysis of the steel situation by President Grace of Bethlehem reassuring, but not of bull- ish import, for in saying things look&l a little better, he frankly added, “Very little.” The earnings statement of Crosley Radio, showing net loss of proximately $1,000,000 in the first gave an indication of the difficultie: which the radio industry has weathered. Reserve Statement. Despite settlements at the turn of the month ?fltmg about $600,000,000, the weekly Federal Reserve statement showing a reduction of about $19,000,000 in outstanding credit and the shipment of $10,000,000 in gold to France, making total exports recently of more than $50,000,000, credit continued fairly glpnmul with call money holding of- cially at 2 per cent. Outside offerings at_115, however, were soon exhausted. In the utility group, Brooklyn Union Gas, Consolidated Gas, North American, American Power & Light and American Water Works lost about 3 to 6 points, touching new lows for the latest decline. There seemed to be some fear that the proposed rate reduction in New York might be a signal for similar develop- ments elsewhere. United States Steel, American Can, ‘Westinghouse and Vanadium lost 2 points or so, but rallied by afternoon. The American tobacco Issues were strong, the old stocks gaining 4 points or so. OLDEST BANKER DEAD. Alden Solmans, at 95, said to have been the oldest active banker in the United States, died recently in South Norwalk, Conn., after several months’ illness. He was president of the South Norwalk Savings Bank from 1886 until his death. At the age of 80 Mr. Solmans took up the study of art and in January of this year his paintings weer placed on exhibit in New York City, where they received praise from the critics and the public. INTEREST RATES. By the Associated Press. Time money at principal centers eon- tinued to stiffen during the week ended July 26, but call funds showed a fur- ther recession. In the figures that fol- low the Census Bureau gives the aver- age for comparable periods: Week ended Jul: Previous week Same week Time. Call. 350 3.00 REAL ESTATE LOANS Made at Low Interest Ral TYLER & RUTHERFORD Avplications _invited apartments and dwell tarly on well located for 3, b or 10 year: 1520 K St. N.W. — OPPORTUNITY ‘Wanted State Distributors for a new and fascinating game just being placed on the mar- ket by a National Publishing Company. Investment re- quired for merchandise from 2,000.00 to $5,000.00 for exclu- sive territory. Applicant must be energetic and able to han- dle salesmen and salicitors. Address Box 364-C Star Office de National 0475 Money on Hand to Loan on First Deed of Trust 6% Interest Reasonable Commission and Prompt lies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. Financial Success! The only sure way to eventually accumulate an estate is to invest wisely now. Select Guaranty First Mort- gages because they are doubly secured. We Make First Mortgage Loans! CoRPORATION Capital Resources, $3,800,000 24 JACKSON PLACE C. FRIDAY, AUGUST 1, 1630. Washington Produce Butter—One pound prints, 41a42; tub, 39a40. Eggs—Hennery, 24a25; current re- ceipts, quality inferior, prices not quoted. Poultry, alive—Spring broilers, large, 32a33; medium, 25a26; small, 23a24; Leghorns, 20a23; fowls, large, 23a24; small, 20a21; Leghorn fowls, 15al6; roosters, 15a16; ducks, 15. Dressed. shipped- 1ced — Spring broilers, large, 30a32; small and me- dium, 23a25; Leghorns, 22a24; fowls, heavy, 25; small, medium and Leg horns, 15a17. Jobbers prices, home- dressed—Spring broilers, large, 37a38; medium, 33a34; small, 28a30; Leghorns, 27a28; fowls, iarge, 27a28; small, 25a 28; Leghorn fowls, 20a22; roosters, 19a veal, lamb, 20a23; pork loins, 25a28; fresh hams, 25; fresh shoulders, 18a20 smoked hams, 27; smoked shoulders ard, in Dackages, 12; in Live stock—Calves, 8; lambs, 8. Fruits—Watermelons, 35a7. Joupes, 1.50a2.50; honeydew: honeybalis, ponys, 3.00; standaras, jumbos, 4.75; oranges, 5.7588.75; ons, 850 all; limes, per 100, peaches, 2.00a3.00; pineapples, plums, 2.50a3.00; grapes, Thompson seedless, 2.25a2.50; Malagas, '2.7523.00; blackberries, New Jersey, 6.00a6.40. ‘Vegetables—Potatoes, 2.75a3.00; sweet potatoes, yellow, 8.00; red, 5.00; toma- toes, 1.00a1.75; peas, Washington State, 4.00; carrots, per 100 bunches, 3.00a 4.00; beets, per 100 bwnches, 3.0024.00; spinach, 75a1.00; kale, 1.00; corn, per dozen, 20a25; cabbage, per bushel, 75a 1.25; eggplant, 1.50a2.00; peppers, 1.50; squash; white, 1.50a2.00; yellow, 1.00; cucumbers, 2.00; string beans, 1.75a| 2.00; lima beans, 2.5023.00. Money to Loan Secured by first deed of trust on real estat Prevailing interest and commission, Joseph I. Weller 420 Wash, Blds. 9th Sg:anlmn’ in Real tat lnv'ell;agnh JAMES Y, PENNEBAKER Nat.5291 1520 K St. N.W. First Mortgage Loans In Arlington County and Alexandria, Virginia Commonwealth Investment Co., Inc. 06 15th 5. N.W. Phone National 2623 Mortgage Loan Correspondent for The Prudential Insurance Co. of America s GELLITE INSUpgy o2 S e g A Standard Low Premium Policy for Business and Professional Men Details on Request F. T. Koons, General Agent Union Trust Bldg. Nat. 1015 Offices Saul Building 925 15th St. N.W. Several desirable rcoms at very reasonable rents. Inspec- tion invited. B. F. SAUL CO0. Nat. 2100 925 15th St. N.W. FINANCIAL. Equitable Co-operative Bldg. Ass'n 54 JOHN JOY EDSON, President "WALTER S. PRATT, Jr., Secretary Assets. ..$5,723,083.61 urplus & Profits...$1,755,911.57 Subscription for the 99th Issue of Stock Being Received Save Consistently! C b Regular i Saving is the way to accumulate an Estate! and let us explain our plan! 915 F St. N.W. We announce with pleasure that Mtr. Joseph F. Dowdall has today become associated with us in our Washington offices G.Mi’P. MURPHY &"CO, MEMBERS: G New York Stock Exchange ‘Washington Stock Exchange OFFICES: 1510 H Street Connecticut at K Effective August T, 1930 the firm name of Furlaud & Company, fnc. is changed to Furlaud, Reuter & Co. Incorporsted 52 Wall Street In the Average Home Four Times as Much Electricity Could Be Used to Advantage LTHOUGH the electric output in the A United States has more than tripled each 10 year period since 1908, the use of electricity is yet little to what it should be in the years to come.The tremendous possi- bilities for growth can at once be realized when it is considered that over half of the 19,700,000 wired homes are still without any domestic appliance except the electric At present, the average home takes only about 502 kilowatt hours per year. Add to this an electric range, lamp-socket radio and refrigerator—three popular electric appliances —and the annual con- sumption is at once in- creased to more than 2,000 kilowatt hours. This amount could easily be used in the average home as the present electric bill amounts to only about '$30 per YEAR, which is less than the family automobile costs a MONTH. j In the territory served by the Asso- ciated Gas and Electric System, the use of electricity from 1920 to 1929 increased 132% compared with 111.4% for the United States as a whole. To meet the wider de- mand for service, the elec- tric industry required an investment of more than $850,000,000 in 1929. Pro- viding this capital eco- nomically is the most im- portant function of the group management or holding company. To snvest or for information, write to Associated Gas and Electric System 61 Broadway New York, N. Y.