Evening Star Newspaper, August 4, 1930, Page 15

FINANCIAL. UTILIIES FEATURE | DULL CUR MARKET {Trading Dries Up on Selling Movement—Volume Re- mains Small. BY JOHN A. CRONE. Special Dispatch to The St NEW YORK, August 4.—Utilities fur~ nished such activity as there was on the Curb Exchange today. Prices drift- ed toward slightly lower levels, but whenever a professional group started selling the volume of trading dried up. Electric Bond & Share rose fraction- ally after opening a shade lower. Cities Service moved in_a similar manner. American Gas & Electric, whose vola- tility in recent sessions attracted atten- tion to it, slipped more than 3 points. Metropolitan Chain Stores preferred ‘opened off !5 point following the an- mouncement that no action was taken on the $1.75 quarterly dividend due at this time. H; Food Products was down ;3 at 12. Columbia Pictures and ‘Technicolor, among the amusements, ‘were firmer in early transactions. °_ Sales to midday amounted to 115,100 shares, the smallest volume in the first two hourse since trading records for that period were kept by the curb. Chemical National Associates was & leader in point of activity in trust shares. Demand for this stock for the last several sessions has been unusually large, due to plans of the Chemical Na- tional Bank & Trust Co. and its afli- ate, Chemical National Co., to absorb Chemical National Associates on the basis of 213 shares of the latter for 1 Chemical Bank share. Under the proposed plan Chemical National Bank will increase its capital from $15,000,000 to $21,000,000 and Chemical National Co. will lift its capi- tal from $9.500.000 to $20,000,000. The transactions will involve no rights or subscri] privil , as all of the ad- ditional shares of Chemical Bank will be used to pay for Chemical National Asso- ciates. Interstate Equities convertible pref- erred hit & new low by dropping 1%. Saxet Co. equalled its previous low. United Founders, Shenandoah common and Prince & Whitely common opened chan mmnr':.dd Corporation again led !he rail shares. Opening at 117% up 3%, soon eased to 115 on a small volume o( trading. 2 . ANNUAL FARMERS’ DAY ‘BALTIMORE, August 4 (Special).— More than 2,000 farmers will be en- tertained at the seventeenth annual Cecil County Farmers’ day at the Tome Bchool, Port Deposit, on August 16. ‘The program will be given to discus- sions of the farmer's problems, and the committee has secured R. W. Dun- lop, Assistant Secretary of Agriculture, and Stanley Reed, fis‘:fll counsel for the Federal Farm d, as speakers. They will outline nationa! legislation as concerns the individual farmer and col- Jective marketing. It is expected that other officials from Washington will be invited to at- tend the affair, but not in their official capacities. Parmers from Pennsylvania, New Jer- ley Delaware, Virginia and Maryland expected to attend the all-day meet- mg which will begin with athletic ex- ercises at 10 o'clock. H 1Ciz Bir_Re 5155 A 49 %64 87 Citles Service 3010014 100, 5 3 Crown Zeller 6¢ 7 Crucible Steel s 2 Det Int Brdg 6ys ‘57 53 43 Det Inter Brde is 2 Duauesne Gas 65 4 13 Edis EI Bost, S5 A 43 40 Elec L s A 2030 92 4 Emoire OAR siys 41 3 Pairbanks Mor !. 5 Cauf Pack 3s. 3 Eirestone © M 3 Firestone Tire 55 '42 1] Florida P & 1. 5¢ 156 3 Gatineau Pow 65 ‘41 3 Georsia Power 55 1Gull Oil Pa 55 37 3Gulf Oil Pa 58 47 8 Lenigh P & 6 9 Libby McN s‘ AN ss- 1Mid Wese Util + | October! | Becember. en 7 § Shider Plcl o 14 SE P&L 65 A 107 1083 B atts a5 51 1033 lo3ts m:- 5 Southern N G_6s 4! 9 80 Southw Nat G 65 4 H] i 8ta 17 Standara PAL 8 a5 39 102 Co 10 o Texss Gax s 8545 4 Texas P & L 55 ‘36 97 3 2 A fl % g0 101 Tw_Without warrants. NEW YORK CURB MARKE Am Gas & Eles (fl)- Am Invest. Ine (B).. ‘Am Potash&Chem (1) I Am Pub Util 7% pf.. Am Superpwr (1) Am !norpvl‘ 1st (6). Am U&Gen B vte 40e - T ‘Auto Mu Ins A(11.10 Auto Voting Mach. .. Auto Vot Ma cv pf pt Aviation Credit Avia Sec of N Eng. Blue Ridge Cp (40e). Brazil Trac & Lt(h2) Bridgept Mach (26¢) Cable&Wire (B) rets Canada Marconi. ... Carrier Eng n-v A(1) Cent Atlantic States. Cent P8 (A) (a1.75) Cent States El(k40¢) Chain Stores Dev.. .. Chat Ph Al nv (50¢), Chem Nat Asso n-v. Cities Service(g30c) . » (- JONOUIQVIO) . JORUTR - SR §m Colon Oil....... Col Oll & Gas vte. Colum Pict vte (f1% Com'with & Sou war. Comm Wat Serv bé% Consol Auto Merch. . Consol Copper. . Ceons Dairy Prod ll) Consol Instrument. . 9 1916 0 1 = 1 e O e 00 01 et e 0 Crocker Wheeler. Cuban Cane pr opt w Cumbeland P L(118) Curtiss Flying Sve. . Curtiss Wright war, Cusi Mex Mining. Dayton Alr & Eng. Deere & Co (m1.20), De Forest Radlo.... Deisel W Gilbert (1% Detroit Alreraft.... Doehler Die Casting. Douglas Alr (76e). .. Dresser (SR) A(3%). Dresser (S R) B (2) Dubilier Cond & Ra Duke Power (§13). .. 1008 Duquesne Gas Cp w.i 16 Eisler Eelectric(1%) 24 E) Bond & Sb (b6).. 142 E) Bond & Sh pf (6). El Bond&Sha cu pt(5 Elec Shareholdg(21) Emp P Ser A (al Engineers Gold. Euro Elecdeb rts. . - Evans Wallow Lead. 5 Federal Scrow (3)... Fiat receipts (1.25). Florida P&Lt pf (7). Fokxer Alrcraft. ... Ford Mor.Ltd. 37 %e. Foremost Dairy Pr.. Foremost D P pf 1.60 Foremost Fabrics. .. Fox Theater Cl (A). General Baking. Gen Baking pf (3)... £, L1d rcta(50e) G&Eov pf B(6). Gen W WAE(A) 12), Gleaner Harv.n (2). Glot~ Underwriters. Sold Cofn (new) S IR MR ® R e S e B Goldman Sach T C... Griet & Br pfX (7).. 160' Guardian Invest Guenther Law (2) Gulf Oll of Pucli Handley Pa pruss 1 117% 21 19% B Helena Rubenstein. . + Hires «C E) (A)(2). Horn (A C)Co....e0 Horn & Hard 12%).. Houston O1] of Texas Hudson Bay M & 8. Humble Ol 12) .. Tlygrade Fond Prod. Imp Ofl. Can. nbve). ind Terr 11lu U1} ¢A) Ind “in etfx(b10% ), Ins Co No Am (13).. Insurance Seci1 40). [ s mant e ®e a0 B THE EVENING ~Prev.1930.—~ w. % Intercontinent Petn etroleum (1). . atl Superd (£1) Internatl Utll (B)... Interst Eqcv pf(3)., 17% Intl 30% Int Stock and Dividend STAR, WASHINGTO Received by Private Wire Direct to The Star Office Sales— Add 00. ou-. Iln. 10 19 354 121 364 Rate. Irving Air Chute (1), Kleinert Co (2%).... Lackawanna Sec(4). Lefcourt Real pf(3). Leonard Ofliccesvem MacMarr Stores (1). Magdalena Synd Mavis Bottling. .. Mercantile Stors (5) Mesta Mach (t Met & Min, Ine! Chain Stores. Mid W Nor Sta Pub Rol Schulte Timken Natl Screen Sve(2).. Nat Sh Tm See(f60c) Natl Sugar. NJ (2).. N J Zine (12%). N Y Pet Royalty N Y Pwr & Lt pf ). 758 .~H. Power (40¢) 2: Noranda Mines (2).. No Am Aviat A war.. Nor Stat Pow pf (7).200; Ohto Copper. Ohio Ol (t4%4). Ohio Ofl new wi. 4 Pac G&E 1st pf (llfl.) Pac Pub Svo (1.30).. Pandem Ofl Pantepec Ol v Param’t Cab(b8%). . Pennroad Corp (20c) Penn Mexic Fuel (1) 4 Petrol Corp war..... Philip Morris. Ine... Philippe(L) B t1. Pilot Radio Tube (A Plymouth O11 (2). Polymet Mfg (31)... Pub Utll Hold w w ti) Hold war Pyrene Mfg (80c)... Rainbow Lu Prod A,, Rainbow Lu Prod B.. Roy of Am pi St Rexis Paper (1).. Salt Creek Prod (2).. Saxet Co........ Seaboard Util (50c). Seg Lock & H (50c). ¢ Seiberling Rubber. .. Selected Industries. . Sentry Safety Cont.. Shenandoah Corp. ... Shenan Coro pf (a3). Sherwin Will (t414). So Am Gold & Plat SoCal Ed pf B(1% Stand OIL Ind (23%). Stand Oil KY (11.80) Stand Ofl. Neb.(1315} ‘Technicolor. Ine. ... Tennessee Prod (11) T'exon Ofl & Ld(25¢) ‘Thermoid Co of (7). Toledo Ed cu pf (7). Trans Lux DL P S Tubsize Chatel (B) Twin States Nat Gi Union Tobacco. . Unit Found (b2-35 sh United Corp (war).. Unitt Dry Docks United Eelec Service United Gas Co (new) United Gas (war)... United Gas pf (7). Utd Lt & Pwr A(1).. Utd Lt & Pwr of (6 U S Elec Pwr ww. U S Lines pf (1). U S & Overseas war. Utah Apex (50¢c) ity & Ind Util & Ind of (1%) 8 Ut (1%).. Mid Wat Util(b8%) . Midland Unit (b6%). Midland Utd pf A(3). Mo Kan P L (b10%). Mock Judson Voe(2). Moh Hud P 2d p£(7). Moody’s I 8 pt pf (3) Mount Prod(1.60)... Natl Amer Co. Natl Aviation... % Natl Fam Strs(1. 0). 15 15 10614 106% 43 43 ™, 9% 6. . 6 M 9% 1% 1l 30% 30% 14 144 101% 101% 28 28 314 81% 14% 14% 291 29% 654 65 I A 110% 111% 16% 152% 106% 106% 1 s 643 Edd 3um 32w 25% B2 214 21% % % w10 4% 4% 1 1% 25 3% [ Pwr A(8). T anwm P BN AR R BN Gold (240).. 25 10% 5 8 223 11% 16% 2% 6% b 6% 6% 2% 1% 10% 5% 8 22% 115 Z 16% Un Ge-31 St. H’«. )k (,a u 60) . © ST .-q-.-m,,:—-»,.,uusm»-c_—a:wu--“; 508 Det A pf (7) 1008 208 1 42 10814 10814 13% 2% 177 1ty 14 1 13 15 Vacuum Of] (4) Venezuela Petroim. . « Walker HY (D Watson (J W) Co. w e Pump tn Auto S A White Eagle O db ris KIGHTS intl Nickel w. Mo Kan Pipe Segal L. Expire. June 25 0K, . ... . AUR. 22 Dividend rates in dollurs based on | annual payment “Ex dividend. cash or stock. holders | stock stock 20% 3214 18% 701 EP) o 18 lus 1 mPlus 115 NEW YORK COTTON NEW YORK, August 4 (Special).— After several hours of comparative inac- trading on the cotton exchange was advance in both wheat and corn and prices rose rapidly over quarter of a cent. e cellef in drought sections closed the list at the the 13-cent level. 25 points to 13.10. Cotton range: Spots were advanced October, December, January, January, arch May High 131 1298 133 4 131 133 131 13 1 3 353 METAL HAEKET. quiet; electrolytic, spot and future, 11. Iron quiet; No. 2 f. 0. b. Eastern Pen: sylvani 18.00a19.00; Buffalo, 16.00: Alabama, 12.00a14.00. Tin steady; spot and nearby, 30.20; future, 30.50. firm, spot, New York, 5.50: Louis, 5.40. Zinc easy: '50; East St East St. Louls, Quicksilver, 119.00. BALTIMORE STOCKS. Speeial Dispatch te The Star. BALTIMORE, i August 4— STOCK! & . P ‘Telephone s-uu pid 2 Consolidated Gax 27 First National Bank 25 Maryland Casualty Co. 13 Mt Ver-woodbury Mills pid. ew Amsterdam Cas 18 Unired Hailnay & Blectric. 60U 8 Fideiity & Guaranty 2000 United Rwy & Elec' income 4s.. e R FOREIGN EXCHAN Gfl (Quotativns furnished by W. B H| e Nomiva ¥oid Selhine checks i 7 value (or par) i 1391¢ Sac ¢ 13.99V:¢ . 23.82¢ 2391c 5.24c when issued. Sir Francis Drake's famous hip, the Celden Hind, manned by sailors in Tu- @or dress, formed a feature float in a pageant of progress at Blackpool, Eng- Lnd. e wi Slocknoim, crow m:nuny- of Perli have nqopwd oil as tivity and a narrow range of prices, | share, n- | ATt spot and future, 4.55. Antimony, 8.37 ::rn Fxchange Last sate. | EARNINGS REPORTED. NEW YORK, August 4 (A).— | datea Cigar Co. has first-half net profit of $1.082,260, equal to $251 a common | against $1,445259, or $3.36 a share, in the same 1929 period. Grand Union' Co. had net profit of stimulated in the last hour by a harp | $300,469 in the first six months, against | in grain values today, $441,098 & year ago. Marlin-Rockwell reports first-ha!f net profit of $682.276. or $1.87 a common | share, against $1,402,014, or $3.86 a | Short covering_increased in volume | share. in the same period a year ego. | and reports from Washington that there | were no indications of immeda Net income of American Stores in the first six months of 1930 was $2,667.189, against $3,017,652 a year top with all months but October above | 80. | NEW YORK BANK STOCKS NEW YORK. August 4 (#).—Over- the-counter market Bank Stocks. Ghat” phenix - City NEW YORK, August 4 (P).—Copper | Fir Neii N v @ Hartinan nrat 0o Nat! Trust Companies. Lead | Bankers Gent_ Hanover heisea Bk & Ti Chem Bani & ‘ifusi | Guaranty | Irv ufaciirers York ed Statcs | Westchester Titie & Tr SHORT-TERM SECURITIES. (Reportea by J. & W. Seligman & Co.) )ftes | Anis-Chalmers 00, fn 1931 e, e | American Tel. & Tel. 5its 1643, i gmerican Thisad 5.5 1838 101 Balumore & Ghio 4f 1 Ly i Rock X s IN'I 963, cuunm fnnen.’c&vfl‘.x: A ~ rn : et Ehro o 1800 Q\Hl 6s 1940, & 19 Pure | Eheli Do o Sinclair Crude OIf Standard Oil N. Standard Oll N L. It MU Rubber 58 Wheel e "umf'c- Wivseline Bisel Corp. 4725 1058, tPartly extra bPayable in stock eAdjustment dividend in stock. % in stock * | cuban support. uu-, | Brazilian market 1| member- Plus 4% in stock. aPayable in | dSubject to approval of {Plus 5% in stock. gPlus JPius 2% instock. kPlus _oFlus 8% mn etock GRAIN MARKET CHICAGO, August 4 (#).—Sensa-| tional advices of rapidly increasing damage by drought and heat to the country'’s corn crop led to big jumps wheat as well as \corn. Despite announcement of 15~ 500,000 bushels enlargement of the United S ates wheat visible supply dur- | ing the last week, the wheat market | today scored a maximum gain of 41ac | compared with Saturday's finish, and corn rose to about 21c a bushel over the scason’s low point, July 8. Dis- | count of wheat under corn was termed | by experts illogical as wheat was worih | morc than corn, even as live stock feed. Wheat closed nervous, 353-4c per | bushel higher than Saturday's finish. Corn_closed unscttied, 25-3%g¢ up; Vje advanced, and provisions w 15¢ gain. High 801y 10% Consoli- | 5 b T 174 . Loz2ty YORK, Auvgust 4 (). —Stocks Telephone advances Bonds irregular; issues firm. Curb imall rally. Foreign sterling holds unfavorable crop Sugar steady; Coffee higher; steadier NEW sirong; American | more than 5 point-. | standard investmer | firm; " utilities lead § exchanges irregular; | oirm Cotton highe: | and weather advices. I CHICAGO, August 4 (#).—Wheat 1 strong; large export sales and bullish French cables. orn strong; unfavora- ble crop and weather news. Cattle ir- regular. Hogs higher. CHECK PAYHENTS By the Associated Press. Little change occurred in the volume | munication with,” D ROAD TESTS PLANNED BY GOVERNMENT BUREAU Special Dispatch to The Star. BALTIMORE, August 4.—Tests to ascertain the impact put on modern highway surfaces by heavily loaded busses equipped with various types lnd sizes of tires will be started soon by the United States Bureau of Public Roads at the Aberdeen (Md.) proving und.l. it is announced. m tests to be conducted in co- apetluon with the Society of Automo- e Engineers and the Rubber Manu- ncturfn' A:hu:chuorn will extend over several monf The War Department, it is under- stood, has made available a stretch of concrete paving at the experimental CAR REGISTRATIONS. NEW YORK, August 4 (#.—In the six months ended June 30 Ford pas- senger cars accounted for 41.4 per cent of all cars of all makes registered W the United States. Ford trucks also advanced their position in the indus- try and accounted for 45.7 per cent of new truck registrations in the first half of this year, MONEY MARKET. NEW YORK, August 4 (#).—Call money renewed ‘at 2 per cent today and was firm under some calling of loans. Commercial paper was unchanged, with best names quoted at 3 to 3%, per cent. Time money was steady and un- changed. Bankers acceptances were steady and unchanged. CHICAGO STOCK MARKET By the Assocated Press. CHICAGO, August 4.—Following is the official list of transactions in stocks on the Chlclg&éxswck !xchhlnx(: l,ocdl.ly w. Clos 00 600 Auburn __Auto 2550 Bastian-] Blzuln( . 1200 Borg-Waryer Bros. mn Cent 1 100 Cent Pub Serv A Cent & 8o S 50 Emj 1500 Foore G & Mach” 100 Gen Thea Ea 100 Gen Wat Wks A 300 Gleaner ... 100 aamblm . kes Aircra "ssoun sby-Grunow 200 H A Houdniile iier 1500 Inland _Util. 5000 Insull Uil . 160 Tnsull U of 2|\d ser B. 300 Nat Elec Por 50 Nat Secur Inv cti’ 50 Nat Un Radio 50 North Am_Car 200 Nor Am G & EI or) 15 Public Serv 1 p 50 ORS Music ol Quaker osu »t. e S0 Ryerson. & Son 100 Sally Frocks 400 Sangamo Elec... 100 Saxet C2 : 250 Seaboard Ufil 330 Southern, Union Gas: 0 West_ G_& Electric pf 50 10U 8 Gypsum 530 Utah_ Radio 100 Util Pow & L 400 Ul & Ind ot & Ind b 500 Vortex 300 Western Conit Uil t P L & Tel 200 Zenith " Radio 9 ‘Slgck“snl‘r( todny. 65400 shares. BONDS. 10000 Tndul) 65 '40 1000 Met W 'S E OB s 48 Bond sales “today, §11 10215 102% 83% A new mdm verb in France is derived from QSQ. which means “I am in com- and its forms are fe qgsote, il gsote, nous gsotons, vous tu_gsotes, tes and ‘Of check payments by Federal Reserve during the week ended July 30, as compared with the previous period. The following totals for com- parable periods are given by the M- eral . Tve Bonrd in reports incipal cente: '“1 eew endkd J\% 30, $11,701,427; previous week, m. week last year, $1' .m.l 1508 H STREET WASHINGTON, D. C. MONDAY, AUGUST 4, 1930. TOBACCO GROWERS OF GEORGIA DEMAND BETTER PRICE RANGE By the Associated Press. o ATLANTA, August 4—Eyes o b gia farmers of the nngm leaf tobacco belt, business men and Congressmen, as well as State Department of Agri- culture representatives, are focused on important developmenu in the tobacco situation expected toda: Chief among the scheduled develop- ments was the outcome of & meeting in Savannah beginning at 3 oe].ock in the afternoon at which F. B. Bomberger, assistant chief of the Division of Co- operative Marketing of the Fede Bureau, will confer with the directors of the Southeastern Agricul- tural Productions Corporation, State Commissioner of Mflcu!ture Eugene Talmadge and gro ‘The official prh:e lnuum:emcnt for the opening week of the market, is- sued each Monday by the State Depart- ment of Azrlculture during the tobacco auction season, also held greater inter- est than usual because of the protests of Congressmen and farmers that the grower was recelving a price for his product “below actual cost of produc- In the tobacco belt the prices to be offered at auction at the start of the second week of selling also_held an im- portant place in interest. Farmers yes- ten!ly expressed the bellef that prices would show improvement with the be- ginning of the new week «nd that sales, reported far below the opening week of Tix last year, would also show a decided improvement. view of the statement of James C. Stone, tobacco member of the Federal Farm Bureau, issued during the past week, that, despite the failure of Geor- a farmers to organize co-operatives urged by the board before the sea- son’s Crop was offered for market, the board was “ready and eager to help and will do anything under the law,” the Savannah meeting took on added sig- nificance. ‘The Southeastern Agricultural Prod- ucts Co-operative, through E. George Butler, chairman of the board, has urged the Farm Board to use the services of that organization to advance at least $5,000,000 to tobacco growers in the present price situation. It is for the consideration of this proponl primarily that Mr. Bomberger is making the trip to_Savannah. The Federal Government, through the office of Attorney General Mitchell, has taken cognizance of charges made by Senator George and Representative Ed- wards that speculators were manipuls ing prices in the Georgia belt. Investi- gators were dispatched immediately into the area to probe the charges and are believed to have already started work. ‘The proj for another investiga- tion into c} 5 of price manipulation was still before the Pederal Trade Com- mission, but no decision has been reached. Rail Stocks BY GEORGE T. HUGHES. (This is ti of brief anal Fetomiend. the mcm.é‘ or nale o Bt 1o give the investor eien him TeiiTueniy o char: nis own course.) Nashville, Chattanooga & St. Louis. Over 70 per cent of the capital stock of the Nashville, Chattanooga & St. Louis is owned by the Louisville & Nashville, which in tumn is controlled by Atlantic Coast Line. All three roads are placed in the same system under the latest, lmersuu Commerce Commission consolidation g Nashville, Chatianooga & St. Louls stock, therefore, is a_minority issue and its market price reflects this position. There is only one class, which is of $100 par value. At the close of 1929 there were 160,000 shares outstanding, but early in 1930 a 60 per cent stock divi- dend was paid, raising the present capi- talization to 256,000 shares. The book | value of the 160,000 shares before the stock dividend on December 31 last was $241.62 a share. On March 31, 1930, after the stock dividend, the book value was $148.99 per share. On the new stock dividends have been inaugurated at the rate of $5 a share, equivalent to $8 a share on the old stock. From present indications, taking into account the falling off in traffic in the territory served, Nashville, Chattanooga & St. Louis will cover this dividend twice over this year. As this is written the stock sells around par to give an income return of about 5 per cent, which would be very attractive for & minority issue provided there were any assurance of a change for the bet- ter in the earning power. It is this uncertainty which holds down the market price. The company has only one large bond issue outstand- ing, a first mortgage 4 per cent issue maturing in 1978. This is a railroad investment of the highest grade and sells to yield around 4.35 per cent. Bond interest was earned 5.8 times in| 1929. The company operates from 1,.- 260 miles of road from Chattanooga to Nashville, Tenn., and from there to Hickland, Ky. Furs are being dyed in England in many colors so that fashionable women may have one to match any dres: Real Estate Loans Washington Produce Butter—one-pound prints, 41a42; tub, 24a25; quality inferior, current re- ceipts, prices ot quoted. Poultry, alive—Spring broilers, large, 30; medium, 25a26; small, 23a24; Leg- horns, 20a23; fowls, large, 23a24; small, Leghorn_ fowls, 15a16; roosters, S iced — Spring broilers, large, 30a32; small and me- | dium, 23a25; Leghorns, 22a24; fowls, heavy, 25; small medium and Leghorns, 15a17. Jobbers' prices, home-dressed— Spring broilers, large, 35a37; mediym, 33a34; small, 28a30; Leghorns, 25; fowls, large, 27a28; small, 25a28; Le horn fowls, 20a22; roosters, 19a2 ducks, 22a23; turkeys, 32a33. Meats, fresh killed—Beef, 18a20; veal, shipped-in, bacon, 27; lard in packages, 12; m bulk. 11. Live stock—Calves, 8; lambs, 8. Fruits—Watermelons, 40a75; cant: loupes, 1.25a2.50; honecydews, 2.75a3.0¢ honeyballs, 2.50a4.00; oranges, 5.50a 8.75; pineapples, 5.00; limes, per 100, 2350; apples. 35a2.00; grapes, Thompson seedless, 2.25a2.50; Malagas, 2.75a3.0¢ blackberries, 5.5026.00; huckleberri 4.00a6.50; Persian me)ona 2.5083.50; lemons, 10.00. Vegetables—Potatoes, 2.75a3.00; sweet potatoes, per bushel, yellow, 2.50a2.75: red, 1.25a2.00; kale, 75a1.00; spinach, flat leaf, 3.50; New Zealand, 1.25; beets, per 100 bunches, 4.00a5.500: carrots, per 100 bunches, 2.00a6.00: string beans, 2.0024.00; lima beans, 1.50a2.50; cucumbers, 3.00; squash, 1.25; eggplant, 1.75; peppers, 1.25; turnips, New York, pL‘r bush: .175a: tomatoes, 1.25: CHICAGO DAIRY MARKET. CHICAGO, August 4 (#).—Butter— Receipts, 10,798 tubs; market fll‘m creamery extras, 37; standards, 36% extra firsts, 3515a36; firsts, 33|»n34‘3, seconds, 30a32!5. Eggs—Receipts, 14,285 cases; market firm; extra firsts, 24a2415; frech graded firsts, 23a2315; fresh current receipts, 20a22; ordinary current receipts, 15a17. T¥s A_I§ ITOURIST INDUSTRY EXPANDS RAPIDLY Department of Commerce Survey Classes Americans as Chief World Travelers. By the Associated Press. Touring has become an important industry of the world, with American expenditures in foreign lands consti- tuting a major source of income, The Commerce Department classi- fles Americans of today as the greatest travelers in the world. Last year, the department estimated 16.350,000 Ameri- cans crossed into Canada, involving one fourth of our tourist expenditures. In Cuba the tourist trade is on a par with the tobacco industry, being ex- ceeded in value only by the sugar crop. In Europe it is no less important an industry. ~ Professional hospitality is yielding large sums to Germany, France, Italy, Switzerland and other countries. In Switzerland it is the principal in- dustry and main source of income. France considers it important enough to appropriate $1,200,000y for advertising its beauties abroad, while Germany is reported to spend even more. ‘The World War is considered by the department to have been a tremendous stimulus to travel, partly because of prosperity, partly ‘because depreciated foreign currencies made travel attrac- tive to the holder of American dollars, and partly because the war further directed our attention to European at- tractions. American foreign trade. furthermore, expanded as did 4the growth of commercial traveling, as the interior manufacturer learned of mar~ kets in far-away places known torrnerly only as a geographical name. The balance of international pay- ments of the United States gives Ameri- can foreign expenditures in 1927 as no less than $729,000,000, not including all countries. and not considering passage money, expenditures on ship- board nor purchases brought home by returning tourists. This expenditure, classified as “invisible imports,” was greater than United States imports of merchandise from any single country. It was much greater than $358,000,000 of imports from Canada where alone our tourists spent more than $197- 000,000 or the $168,000,000 merchandise imports from Fratnce where our tourists left $190,000,000. The department points out the im- portance of tourist traffic is not limited to expenditures for transportation, lodging. food, amusements, souvenirs and similar purposes. Owners acquire a desire for foreign merchandise, which results in subsequent imports, and, by word of mouth as well as by samples, they advertise the products of the countries visited. The promotion of this traffic now is rarely left to private effort alone, but is increasingly recognized as a matter for official attention. The efforts of clubs, associations, hotels, railways and others who profit most directly receive official encouragement if not actual financial support TREASUBY CERTIFICATES. (Reported by J & W. Seligman & Co,) Rate-Maturit Bid Money to Loan Secuged by frst deed of trust on real estats, Prevalling interest and commissio Joseph | ! Weller i Specializing in Established Business Investments JAMES Y. PENNEBAKER Nat.5291 1520 K St. N.W. REAL ESTATE LOANS Ample funds always available for loans on improved property in the District of Columbia and nearby Maryland and Virginia. Low Interest Rates Long Term EAVER BR R!AL’I‘ORSOS 809 15th St. N.W. Mortgage Loan District 9486 Carrespondent Metropolitan Life Insurance Company ODD LOTS ON account of the large increase in odd lot business, our Main Office has opened a special Odd Lot Department and we will carry, on conservative margin, accounts of ten shares or more. Mackubin, Goodrich & Co. ESTABLISHED 1899 BANKERS Members New York and Baltimore Stock Exchanges Associate Member New York Curb Exchange REDWOOD & SOUTH STS. BALTIMORE, MD. Made at Low Interest Rates TYLER & RUTHERFORD avplieations invited apartments and dwellings. “3rly_on well locat 3.5 or 10 years, if so desired. 1520 K St. NW. National 0475 TRUSTBED SHARES —the IDEAL INVESTMENT for in- vestors who demand — SAFETY, YIELD and GROWTH of pricipa Specially ~suited vestments tunds_and of organizations. Sold in Lots—$100.00 Up Call or Write Standard Collateral Shargs Corporation Woodward ilding Met. 8383 First Mortgage Loans Lofwest Rates of anterest and Commission/ Thomas+ J. Fisher & Company, Inc:' Fenner & Beane Members New York Stoch Eschenge ind oiher principel exchanges New York New Orleans Our New Telephone Number is National 7000 1430 K Street, N.W. Washington 24-Hour Parki Basement of favestment Bids. 1511 280y o or "Month. Guaranty First Mortgages! These are the finest kind of an investment—they as- sure you an income and doubly protect your principal as they are secured on in- come producing D. C. prop- erty and further backed by our resources of $3,800,000. Denominations from $250 up. Also sold on partial payment plan, REAL ESTATE MORTGAGE & GUARANTY CORPORATIOR | Capital Resources, $3.800.000 24 JACKSON PLACE