Evening Star Newspaper, August 9, 1930, Page 10

ST o FINANCIAL. A——lfl » - HIGH-SPEED STOCK || NEW YORK STOCK EXCHANGE 37 21% Adams Exp (160)... 28 24% 28 8814 Gen Am Inv pf (6).. 10 1% 781 Gen Am Tnk Car(34) 23% . N 1 1 % [ ~ b B84, Gen Asprailt (4).. Washmgton Brokerage Firms 156% 103% Alr Reduction (3)... 4 1063 1091 108% 16% Gen Bronze 1)+, 36 17 Rallies Fail to Hold and List g . ; 1 6 | | horns, 20a23; fowls, large, 22a23; small : 1 'y . 17 1314 Gen Cabl R X owls, 3 hy . Are Now Using Latest i ame e 32" Gen Cable (A} (6) 2 20a21; Leghe Sinks Under Heavy 18 Allegheny Cor ot% 112'4 Gen Cigar pf (7) Dressed, shipped-in, _iced — Spring i . 601% Gen D) .60).. 317 . Model Machines. Sox: 34 AllenConiib ik en Dlectrio (1.60).. 31’ : Selling. THE _EVENING STAR, WASHINGTON, D. C., SATURDAY, AUGUST 9. 1930. STOCK AND BOND AVERAGES By the Associated Press. 'STOCKS ARE LOWER | AND_BOND. 4 | 50 | Industrials. | ceipts, quality inferior, prices not quoted. Poultry—Spring broilers, large, 30a | 32: medium, 27a28; small, 23a24: Leg- Three years ago, High (1930) . Low (1930) . High (1929) . Low (1929). | broilers, large, 30a32; small and medium, | 23a25; lkzhol"ns‘ 22:’26: !:\fls. )‘1;1;1; 25; small, medium and Leghorns, 15a17. Allied Ch & Dve(ns). 5 2 3 :l]%": g:: 5.';%1"::,’?;'?'.. 2 ‘5;‘* qszg?e-dres‘;e:—-?g:m( 40c Gen Mt Y 5 4 small, 28a30: Leghorns, 27a28; fowls, v a 5 26a27; Leghorn fowls, 18a20; ducks, 23 a25; turkeys, 32a35. | Meats, fresh kiiled—Beef, 18a20; ve:l, 15a16; lamb, 20a23; pork loins, 25a26: | fresh ‘hams, 25 fresh shoulders, 18a20: | smoked hams, 27; smoked shoulders, 20 bacon, 27; lard, in packages, 12; In | bulk, 11. ~ Live stock—Calves, 9: Jambs, 9. Fruits—Watermelons, 30a65; canta- Aliis-Chalmers (3) o Amal Leather....... Amerada Corp (2)... Am Agricul Ch of... ton brokerage and investment offices | Am Rank Note (13). Gen DublicSe (b have read their last New York Stock | A B eaaate. - 32 % G ] ! Gen Ity Sianat (& “l Am Rrown Rov Elec. 13 8% 16k - Dan my Suaat (8 Exchange stock quotations from the fa- | % Am Brown B W of(T) 108 2 gL Gen Realtv & 011 familiar glass-domed stock tickers. 156 108% Am Can (4)..... 378 1145 1168 117% Gen Refract (14% The passing of the old ticker was| £2's 42 Am Car & Fav ( 1 ARy AR'y AN " | 69% 39 AmChain(3)....... 1 50 50 b2 Giilette & marked by no ceremonies. Workers in. aq 915 Am Comm Alcohol.. 13 1m 11N 0 Gimbel Bros different brokerage houses each da¥ | 101% 56. Am & Forn Power .. 157 F21% A% Gty | ] Glidden Co (2) recently have found new high-speed! j01 95 Am & For Pwr pf(6). 508 % aR Gobel (Adolf). tickers, tested and ready fcr operation.| 100% 921 Am&Farn Pwr2d pf. 1 231 4'5 Gold Dust (234)., had been installed ‘uring th might. | 34 17% Am Hide & Les of... 3 Goodrich (B F). Executives of the Western Union, in| 8%, 55 . Am Home Prod(420) 2 Goodyear Tire 16) charge of the small army of men which | %% Am Internat! ¢2) ... 129 : Gotham Silk Hostery has ;‘:{lk:d'n‘gg( n'nc::n_v sln{efil:sl nr«:; :m. AAm Loncomative (4). 2 ::nu'l‘d C«;p:or. cem! 0 effec e mos eepil 2 R5% Am Mch & Fou € it 5 iraham-Paige ehift of stock quotation facilities in | 204 Am Metal Co (114) Graham-Paire history, breathed a sigh of relief this 65 Am Nat Gasof ¢7 Granby Con Min (3}, week as the ticker r(:in\‘ersflon nfiart;tdi 72% Am Pwr & Lt (21). . Grand Silver S (m1), completion. They predict that all old| 298 233 Am Ra&StA San 114, Grand Unlen. . tickers in their New York Stock Ex-| 126% Am Rad & S S pf (7). 108 Grand Union pf (3 change quotation service in the United | 1 15% Am Republies st Grant (W T) (1) States ind Canada will be removed and 48 Am Rolling Mill(n2) 13 Gr Nor ctfs Ore (a% high-speed ones will be operating in | . Am Safetv Razor(5) 1 Grt West Sug pf (7).110a their place in time to permit the m.i « Am Shipbnilding (5) 1008 Grieshy Grunow.... 106 ginning of high-speed service Septem- Am Sm & Ref (4) Gulf Mobile & North 3 ber 3. 4 AmSm & Ref of ( Hackensack W (1%) 10s Am Snuff (1334), Hahn Dept Stores. .. b Am Solv & Chem. .., Pli'alll\v F) Pr Co(2) A% Am Steel Fdv (). ., 3 artman Corp (B).. for final tests and adjustments of more 110% Am Steel Fdv pf (1), 60 Hayes Body. than 7,000 high-speed tickers in 350 cit- | 4215 Am Stores (2) % Hershev Choe (5). fes and towns from coast to coast. The! ¢9:. 47 Am Sugar Ref (5) Holland Fur ret2%). :\:‘;0:;‘}?:’”9 exfipfledmm lllmudll[n:]: n!t-. Am mm:v_;- Tob. fiom,eml-ken]\nn)n;;. | railroads associated with the Van 5. . -share market without gettin; 200 Am Tel elee ¢9), 192 oudaille-H (B)1.: s H 1 v v g B Rt e the: il N At e an i e e Commodity Prices | Sweringens, the New York, Chicago |effective September 1, which will con- | the amount for the corresponding period Casamen’ Dividtni Botttol. . 197 Am Tobacco B (+12). 10 2 4 Houston OIl (b10%) 12 % 7 3 ;&z St. Louis, more familiarly known as 1‘ tinue until business conditions warrant | of last year, which was a banner week. E % 56 118 Aw Bohacos B inam) . 13 Howe Sound (1434).. P the Nickel Plate, has been prominent AR advance. Store clerks are not af- | The following totals are given for com- In accordance with information Te-!| 1241, 120 Am Tobaceo pf (6).. 1 Hud&Man Ry (3.60). Ny MaGiRES, in the news for some vears mow Ac. | €Cted it Was said. and the executive |parable periods by the Census Bureau eeived by Gen. Kenzie W. Walker, % 113 Am Type Fary (§).. 5122 1 2 Hudson Motor (5)... Editor McGill Commodity Service. 3 JoaLr v | said that while sales have increased |Week ended August 2, $14,110.000: pre. president Standard Collateral Shares 7816 Am Water Wks (n1) 10 3 S Hupp Motor Car (1. AUBURNDALE, Mass., August 9 ()| COFding to the latest Interstate Com- |enormously since prices were cut last | vious week, $13,628,000; same week last . —Commodity prices during the past|merce Tommission consolidation plan |year. the profits have diminished. | year, $30,570,000. Corporation, -from the Empire Trust 7% Am Woolen, Iiltnots Central (7). Co., trustee, the dividend to be paid 19% Am Woolen pf Independ O1l & G(2). Week registered the first upturn in sev- | the road is placed with the Chesapeake eral months. The movement UpWard| s opio in g system which will in- holders of Smnda;,d Collaterial trusteed 4415 Anaconda Cop (3%) Ind Motor Cycl tock < the trustee common stock shares by | Indian Refining. was in no sense sharp, but represents a oy 2o o Erie, the Lackawanna | BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, August 9.—The stock market went lower today. During the first hour there was heavy volume, new lows on the reaction and general weak- ness. In the second part of the session | the pressure lifted and the list steadied. Two years ago . | While losses at the close were numerous, Thtecnvoars age. weskl iy . o9 8 loupes, - Ridgeways. 1.00a2.50 there was some recovery from the worst. | | High (1930) .+ oo er. . 94, 2.4 2 125; Persian melons, 1.7522.00; hones: Activity increased on the decline and [ | Low (1930). i 25a8.50: lemons, 12.00a13.00: fell off cn the rally—generally inter- [ | High (1929). limes, per 100, 2.50a3.00: pears. 275 preted as an unfnvo{;bl- mdlcanon_h Low (1929) . peaches. 2.5004.00; apples, 75a1.50; pine- The rails were not as active as the - .00 g . 5.0085.50; industrials, but they went through ‘L‘L’L‘{fsb".?i‘;:i‘," s.s’g:gg?v';m;:u;so.o 2,008 similar fluctuations. New York Cen- 2.50. :;al‘wnsi one of thru;\'ukgst.. m:m‘;u: ]SCHULTE OFFICERS TAKE Vegetables —Potatoes, 3.0083.25: sweet fo 4 points ana selling down within | | LARGE potatoes, 7.50; cabbage, per barrel, 3.00: vear at the start and then rallied. " y Executives of A. Schulte & Co., oper- | 3.5024.00; peppers, 100al.25; eggplant. s vr el s (0 e Meske| | MGEORGE Y. HUGHES.... . |eling fhe:secind et chalitorite- | SO RSt BRRs SEE on Friday, namely, fear of the effect of ot h ‘.’..‘;}i;;?'fi,’,",;,‘;“fl“\:{’hg_{ a series ;?slccolst?lm in the United States, have | '50a2.00; culls, 50a75; mushrooms, hot- the drought, uncertainty ‘2 to_ the Has) et Turent e mntt | a0 e anke ite - aalo | Bdube) JBer DONNCAOD agricultural price situation, disappoint- 3 xample o resi- Fonsd et Soent . the delay In business recovery, | Paricuiar stockt but o e ihe n | dent, David A Schulte, who wil forego | BUILDING CONTRACTS G. especially in the steel trade, and, final- | him intelligently o chart his own | COMPpensation for his services, it is re- G CONT: S GAIN. ly, the action of m‘e. mltrket ]{tse!f.hfor course.) :pn‘r‘ted IrocmMNew (Ymklf' | By the Associated Press. it proved more sensitive to sclling than 5 e ¥ n executive of the company said Building contracts executed in the re- ot etn ‘antcipated; New York, Chicago & St. Louis. |that fhe reductions in the salaries of gion east of the Rocky Mountains : The original member of the group of | eXecutives, which average about 3314 |showed a slight increase for the week | per cent and a 10 per cent cut of other |ended August 2, as compared with the | general dffice employes. will become | previous week. but were less than half BY EDWARD C. STONE. Visitors to board rooms of Washing- The force this week plunged into a | final drive to complete installations in | advance of September 1. to leave time | Swama o - 2 ] on August 15, 1930, for the six-month period ending July 15, 1930, will be at the rate of 45.482 cents per share. Bank Resources Grow. Total resources of 7,252 reporting national banks on June 30, 1930, the date of the last call for reports of con- - dition, aggregated $29,116,539.000, an of $1,768,041,000 since March 27, 1930, the date of the previous call, when 7,316 banks reported, Controller Pole reports. An increase of $1,676,311.- 000 over the amount reported by 7,536 banks on June 31, 1929, also was shown. 265 Anaconda W&C(114) 18 Andes Copper (134). % Archer-Dan-M (2) % Anchor Cap (2.40) 74% Armour of Del pf(7). 4% Armour of Il (A)... 2% Armour of Il (R)... 55 Armour of TNl of (7). 6 Arnold Constable. ... 311 Asso Anpl Ind (4)... 28 Asso Drv G (2%)... 194 Atch To & S Fe (10). 102% Atch To & SF nf (5). 49% Atl Gulf & W Ind(1). 1014 Atl Refining (12), 2515 Atlas Stores (n1). @ a EX 3 T T PPV SOy vIo) Indus Ray (b5 % stk) Ingersoll-Rand (15). Interboro Rap Tran. Intl Agricultural Intl Bus Mach (n ‘Int] Comb Intl Harv, 4 Intl Hvdro El A (e2) Tnt] Match pf (4)... Intl Mer Marine (2). Intl Nickl of Can(1). Intl Pap&Pwr of (7). Int] Pap & P (A)2.40. tatally different picture compared with rapid and pronounced downward move- ment of the first seven montbs of this year, The upturn was largely attri- butable to agricultural products, fuels and textiles. Reviewing price changes in 15 individual groups last week, s advanced, elght declined and one re- mained unchanged. ‘The most important development last | week was the continued severe_ drought in the agricultural districts. July was one of the hottest months ever recorded and August opened with little relief. Crop deterioration has taken place and the yield per acre is subject to a sub- and the Pere Marquette. Whether | (his merger arrangement will stand in the final set-up remains to be seen, but its securities command greater in- terest on account of this relationship. The capital stock is of two classes, a 6 per cent cumulative preferred out- standing to the amount of over $36,- 000,000 and a_common outstanding to the amount of about $33,700,000, both | of $100 par value. The regular rltf\ is being paid on the preferred and $6 | annually on the common. The former | se]ls around the call price of 110 and has therefore no speculative attrac- | First Mortgage Loans. On improved Real Estate in the District of Columbia and nearby Maryland and Virginia for 3, 5 or 10 year terms on your 5% = w 107 110 22 Intl Pap & Pwr (B).. 4 4 Int] Pap & Pwr (C).. 2% om| 45w Intl Salt (new) 69 69 4 Intl Tel & Teleg (2 Inter Dept Strs 2).. Intertype Corp (2).. Johns-Manville (3).. ¢ Jones & Laugh of (1) Jordan Motor Car. .. Loans and discounts. including re- 91 Auburn Auto (14) discounts, on June 30, 1930, amounted 3% Austin Nichol: to $14,887,752,000, an increase of $238,- X 2 Autosa 999,000 since March 27, 1930, and an % 37 Auto-Stro ) increase of $86,622,000 in the year. 9% 4% Aviation Corp of Del % 5 Holdings of United States Govern- 19% Ralawin Loco (1%). 15 2 27 ment securities totaled $2,753.941,000, 104': Baldwin Loco pf (7) 120s 106 108% which was an increase of $31,098,000 in 98% Balto & Ohlo (7).... 6 1024 103 the three-month period, but a decrease | * 20% Barnsdall. A (2).... 25 22 of $49,919,000 in the year. 48% Bayuk Cigar ¢3).... 208 49% 49% Kavser Julius (234). o 49% Beech-Nut Pkg (3).. 1 54 5 54 Kelly-Spring Tir Pusasual:and: Qiher Notes. %+ Belding-Hemingway 9 4 4 il 4 Kelsey Haves (2). 1. A. Fleming reports from Atlantic 75 Rendix Aviation (2). 12 30% 9 Kelvinatoer Corp. City that it has been delightfully cool 5% Bethlehem Steel (6). 88 &1 Kennecott Cop (3)... at the popular New Jersey resort where 122% Bethlehem Stipf (1) 2 126% 1 Kinney (G R) (1). he is spending three wesks at the Chal- 9 28% Bohn Al& Brass(3). 2 0% 306 3l 30% Kolster Redo. fonte-Hadden Hall. President John 2 Booth Fisheries. S U 3 3% 3 Kresge(S81Cot + Poole of the Federal-American National 601% Borden Co (k3). T6% TB T6M% eT5% 2 Kreuger & Toll 1.60.. - Bank is stopping at the same hotel. 2 23% Borg Warner (3 29 % Krog Gr & Bak (n1). Clarence F. Norment, sr. has been 131 Briges Mfg Co. - 20 18% Lambert Co i8)..... there for several weeks, and another stantial decline, compared with pre-|tion, but does afford a generous and | Apply Iiminary estimates. Unless the drought | ell protected income. | is broken within the next 10 days there| Because of the 1930 traffic slump | will be further serious deterioration in |earnings availabie for the common are such important crops as corn, flaxseed | tunning at not much above dividend and cotton, The prospective reduction in | requirements and the market reflects | . 122%% > | North American production is counter- | this condition in the price of the 1% ted to some extent by the prospect of | stock. Revival in the steel industry 20 23y | adequate world production of grains and in nu;’omohll;tp{adl&clflgnx would NEW YORK LIFE INSURANCE COMPANY an and feeds. Prices are not set in this of much benefit to Nickel Plate. . country, but by world conditions. Gress income for the first five months || 1321 Connecticut Ave. Decatur 3600 All Commodity Prices. of this year was the lowest for any | Although moderately higher for the | corresponding period since 1921 and | week just closed, all commodity prices | net the lowest for recent years. | remained considerably under the av- | The bonds are all sound investments. | erage of last July. It is worth while |but a large proportion of them are of | keeping in mind that in previous | comparatively short maturities. The | periods similar to the present, com- |longer dated refunding 5':s give the | modity prices have continued to cag | most liberal return because they sell | moderately, even after business had |at the price at which they may be turned upward. As yet there is no |redeemed. To the investor who wishes | sign of any general industrial improve- | simply stability in the market price e Fl RAaNpDALL H. WIAGNER & COMPANY & MORTGAGE LOAN CORRESPONDENT 9 S» pweRBnna R i nnwaT RnaBaanan axn SAFE FIR'ST MORTGAGE'S a3 221 121 Brockway Mot % b 15 14y Lehman Corp (3). visitor has been C. Louis 10 Brooklyn & Queens. . 13 13 [Lehn & Fink (3)..... Lige & Myers B(15). MONEY ‘Washington Eckloff, assistant cashier of the Na-| 178% 115 = Bklvn Union Gas (5) n7s 17 tional Metropolitan Bank, now back at his desk. In passing. Mr. Fleming men- tions the fact that there are now 1,800 guests at the hotel. As there are many other, big hotels at Atlantic City it looks as if Yhe resort was having a good sea- son. The American Ice Co. and subsidi- 19% Bueyrus (1).. 107% Bucyrus pf (7). 7% Budd (EG) (1). 241 Bullard Co (1.60). 26% Bulova Watch (3) 29% Burr Add Mch (1) 29% Bush Termnl (2%). 109% Bush T Bld pf (7) 63% Rvers (A M)... 22 « Liguid Carbonie (4). oA wmem3IR Ay Loew's. Ine (3) Loew's pf xw (6%4).. Loft 1n6....00sspam Long Bell Lumb (A) Loose-Wiles (12.80). Lorillard (P) Co. Loulsiana O] ment in this country or abroad. Industrial Prices. Industrial prices advanced in about the same proportion as the index for all prices. The upturn is largely due to commodities such as non-ferrous metals, which were forced down too low and have been followed by a natural of his holdings and a fair return these | bonds yielding around 5 per cent may be_recommended. ! 1t is too early to speculate as to the method to be employed in refinancing the issues which fall due n¥xt May Presumably new bonds will be offered, but possibly stock will be sold. CONSISTENTLY AT WORK When you invest ‘in our Lou G & E1(A) (1%) Louis & Nash (7) 1 447 Ludlum Steel (2). 531 Bu% McKeespt T P1 (15) . 4% 14%| 3 McKesson & Rob (2) 621 63% I Mack Trucks (6).... 184 : Madison Sa G (1%).. 45 4 Magma Copper (4).. 33 33 Mallison & Co. .. .... 168 o £ Manhat Shirt (1) Maracaibo O1l Exp. Marine Mid (120).., Marmon Motor Car.. Marshall Field (2%) Mathieson Alkili «2). Maytag Co (12)..... Mengel Co (2). Mexican Seabrard. .. Miami Copper (13). aries report for six months ended June 30, 1930, profit of $1968454 after ex- Ppenses, interest, etc., but before depre- 1 Callaahan Zine & Ld. ciation and Federal taxes, comparing 48% Calumet & Ariz (2).. with profit of $2,107,927 in first half of | 33% 13 Calumet&Hec(a13}). 1929. Outstanding stock consists of 56 Canada DrvG A 6). 144,319 shares of 6 per cent preferred 184% Canadian Pacifie(10) 45% Can Pacific(new w1 sha -par com and; 554.790: sbarea, of DO-pa s 31 Capital Adm A Df(3) stock. o The volume of business during the 18614, Came 13 11 483 week ended August 2, as measured by bank debits outside New York City, de- “elined from the preceding week and was some 25 per cent below the 1929 level, according to the weekly review of the Commerce Department yesterday. John R. Waller, president of the In- ternational Bank, leaves here today for a study of financial conditions in the rebound. The process of curtailing new % o= production is still going on, and will C. & A. Bond Sale. gradually pave e way for reduce NEW YORK, Auf o . August 9 (). —Holders | AEe e oviural prices advanced sharply, | Of between 75 and 80 per cent of Chi- | Ower a Third now higher than the July average,|Ca80 & Alton Rallroad Y? c I e A There' are no signs that the drought |bonds are understood to have accepted | of a e been broken: and further damage | the offer of the Baltimore & Ohio Rail- to crops will result in bullish sentiment, | Foad f“““"h’bnb"flds- Purchase of 175 el and higher prices, World output ap- | ¢°nt of the bonds was necessary for the pears adequate. | B. & O. to obtain control of the Alton | Non-ferrous metals were one of the | 8¢ six groups which advanced. Higher | === | prices were noted, particularly in lead | and zinc. The statistical position of 24—“0'."' Pflrkill“ non-ferrous metals is such that there B®ement of Investment Blg. - cannot economically be any broad price R sl M advance. 2y Textile prices were slightly higher, %|due to a moderate advance in cotton. The August 1 Government report of { 14,362,000 bales of cotton, coupled with a large carryover close to 6,000,000 bales, appears large compared with 5 sharply reduced world consumption. | Joseph I. Weller 43 Inventories of all textiles remain high. | s e Miscellaneous groups—Building mas rials were lower, which is in line with a 13 per cent decline in new buildings s0 far this year. Fuels were higher, due Alexandria, Virginia to & moderate advance in bituminous and. anthracite. Hides and leather || Commonwealth Investment - 6% FIRST MORTGAGES vou are putting your funds to work at a fixed return—that will not vary throughout the life of the mortgage. A dependable in- come is the result — with the Loss principal fully secured by im- proved real estate conservatively appraised. 2 10815 Byers (AM) of (7).. 10s 108% 1 1 s Century 2 A AR N AN NS~ DA an—e Without a 5 Certain-teed Prod 20% Checker Cab 14.20),, 451 Ches & Ohio (new). . 51% Chen & Ohto Corp (3) 3 Chi Alton. 4 fh b M eident” John B, Larmer of the B CHI & Adton pt . 3 Mia-Con Patm (3) ‘Washington Loan & Trust Co. will be 8% ChiGreat Westera. . e ; 8 Middle States Ofl Beck at bis desk on Monday after an| 3 f‘,’,,& = fi;;;f';"z';::'- ;s Midland Steel (3). .. extended motor_ trip !hmugl;‘ }:e: D\g- 20' Chi M1l StP & Paé pf :H:Y“-K;IMSIX:' lnv’vr‘l‘?). Jand with Mrs. Larner and their daugh- P e T 2 < Minn Moline of (¢ e emocied hat, Viee President Mo Kan & Tox nt(1). It is_expected ¢ Tesiden 80% ChiR1& Pac (1), 9 9 1 215 1% g g Harry G. Meem of the same institu- 49'; Childs Co ¢2.40) y vt P tion will leave the latter part of mext i o M - Mimsonyt Baciccih) - week for his vacation after the regular 38 City lce&F (X3 60) .. - MensnteCh (£116) monthly meeting of the board on Wed- F . City Stores (50¢ E 1 B Mother Lode (20¢) P nesday. 9 Coca-Cola (6). . 174% Motor Whee! (8). ... More Reserve Credit Used. s S Murrav (b2 %stk)... reached a new low and vegetable olls Ca:Inc .The daily average volume of Federal! 35s, 145 Collins & Alkman,... < Al MotonmitE) s were also weak, b U 06 15th St N.W. Phons National 3623 : Reserve Bank credit outstanding dur-| 20 121 Colonial Beacon. . Nati Baiia Hega. - 7os Tmportant Price Changes. o w ot||| Morigage Loan Correspondent for 'HERE 1S NO SUBSTITU ing the week ending August 6, 8s Te-| 77 361, Col Fnel & Iron (3). Natl Biscult. B(3.807, ; ook T a0 The Prudential Insurance Co. THER s 1 SUBSTITUTE FOR SAFETY by the Federal Reserve Banks,| 95 Colo & South (3).... 2 Kat) Cagh Bag.Alt4) 0 | AnL_commodities 50 : i was $988,000,000, an increase of $54-| K7 58% Col Gas& Bl (2). ... 9 ¢ Natl Dairy (12) el . = = - — 000,000 compared with the preceding| 110 104% Col Gas & El pf A(6) 9 1092 Natl Dept Stor, week and a decrease of $401,000,000| 37% 15% Colum Graph (a28c) " 6% 160 Netl Distillese (2> compared with the corresponding week | 199 108 Columbian Carb (16 125% 122% 125 1284 | & 32 Nat) Pwr & Lt (1), .. of 1929, 40% 23% Comm Credit (2) 25% 25% 25% 26 4 Natl Supply pf (1).. - - saz8onnuadanwoaned May be purchased in amounts from $250 up. E H Money to Loan Secured by first deed of trust on r Prevailing interest and commi: worBanZeoaRomnb SAUL CO. 925 15th St. N.W. First Mortgage Loans In Arlington County and B:. E. National 2100 The One Way Street “A one way street”—picture in your mind a street filled with automobiles, trucks and busses, all moving in an or- derly manner in the same direction. No tratfic snarls—no slowing yp or turning out for traffic, being recklessly driven— JUST STEADY PROGRESS. That is what safe investment means. Now picture a street in which traffic is rushing along in a hodge-podge of con- fusion. For a time it proceeds rapidly, stops, and then goes ahead again, care- lessly speeding to make up for lost time. Collision and loss result. That is. the highway of speculation with its many turns and twists and frequent disasters. Special Dispatch to The Star. Liberal Allowance on Your Old Tires DETROIT, August 9.—Detroit’s new 8tock, Exehange now under construc- \ll 3438 14th St. N.W. Adams 8160 130 on: Conn Power 6212¢ Zont Ch Corp 13 of . T5c Empire Coxde pf Goznold Ml Guir._sobile & Nor RR 2 Bapilion waich folophene Co Do bl Intern Mili 6% AL Ironwood "4 Beis Lake Superidr Disi For D Pu 8% pf B8 55 o¥! First Mortgage Loans On August 6 total Reserve Bank 28% Comm Inv Trigl 331, 33 331 3: Nev: Ce v t and Commission | eredit_outstanding amounted to $940.- 89 Comm Inv Tr pf 6%. 995 99n 9on e NT Alrorne 3400 N opesanatmel | 000,000, an increase of $13,000,000 for | 20% Comm Solvents (1) 23% 22 234 23 Baltimore Markets Thomas J. Fisher & Company, Inc. the week. This increase corresponds | 12% Cemwlth & Sou(60c) 13% 13 13% 18% | with an increase of $40,000.000 in | 99 Cmwith & Sou pf (8) 101% 101% 101% 101% 1 m_—_— SRR, money in eirculation and declines of 104 Congolenm-Nairn. .. 2 12 12 12 12 Special Dispatch to The Star. £22,000.000 in monetary gold stock and| 80 67 Consol Cgr or pf 6%. 70 70 70 N Y Invest (1.20), y A BALTIMORE, Md. August 9.—Po- Money on Hand to Loan on $3.000.000 in Treasury currency, offset | 15% Consol Film (2)..... 18 .18 ‘18 18% N Y N H & Hart (6). ’ tatoes, white, 100 pounds, 1.50a1.75: A by & decrense of $51,000,000 in member | 2 18 Consol Film pf (2).. 19% 19% 19% 20 N Y Railways pf.... barrel, 1.25a2.50; beans, hamper, 2.00a First Deed of Trust bank reserve balances. {13 96% Consol Gas N ¥ (4).. 133 102% 100% 101% 101% N Y Steam pf (). 3~ | 3.00; beets, 100. 3.00a4.00; cabbage, ¢ e = 991. Consol Gas NY pf(5) 103% 103 103 10: Norfolk & Wn pf (4) hamper, 1.00a1.25; carrots, 100 pound: l CHAIN 11% Container(A) (1.20). 5 1 4 North Am Aviation. 4.00a5.00: celery. crate, 1.35a2.25: corn. | 6‘70 nterest STORE REPORTS. 181, Contl Baking (A) 5 23 8714 North Am(b10%stk) dozen, 20a50: lettuce, crate, 25a1.00: NEW YORK. August 9 () —Forty- 2% Contl Baking (B E 3 3% | b1 \j»r'h Amer pf (3).. 51, Onlons, bushel, 50a75: peppers. hamper. Reasonable Commission and five chain store companies reporting 3 5 40. No Ger Lloyd (3.43). : E 75a1.00: tomatoes, Prompt Replies to {’,}f,“' results for the first seven months | 664 Nolr:‘k/nrn Pacifie (6). 9 6 h;;’npgi. bt ppl'eshblfi;hel. - Applications year, as compiled by Merrill, Lynch - 9in Of ell Supply..... (4 4 1.60; ac] rries, quart, alf; canta- . b s nr:mwm i MW"L_' ";-. gon;.ll onarb‘-ll. 1 86 Oil Well Sup pf (1)..12308107 loupes, grate, 7581.50: peaches, bushel, AMES F SHEA 316,024,289, an increase of 2.58 per cent | o gr";a"';mz-‘ : M 2 ;;f/. 3::v¢; lerm Baulp.. 3 164 1.00a1.50; watermelons, 100, 10.00a35.00. . over $1.282.884,857 for the correspond- Corn Prod $ £ . y Ry, 8 -2) Dairy Markets. < C s e 99% 63 Orpheum Ci " % aky g ana Ave. N.W. SpEERaiamt year. 5% Coty INC....oces o 37 2 O | Poultry, alive—Chickens, Springers. 643 Lou = — 251, Cream of Whi(f23). ; 52% Bacifio.Gand B (8>, 12 ' 58% @ pound, 20a30: old hens, 14a20; old INVESTMENT TRUSTS 19% Crosley: BRad) Pacifie Lizhting (3). Toosters, 12a15; dueks, 11a15; pigeons, 70': Crucible Steel (k6).. 2 Fankara Moter 1) .. 2 314 | Palr, 15820, NEW YORK, August 9 (#)-Over- 104 Cruatble Steel pf (7) 1008 a0y Pan-Am Petm (B). .. 5 | Receipts, 1,367 cases; nearby the-counter market 2 fobe Cn. ceeese 1121 1 21 48% Param’nt Publix (4), 5 5 Southern firsts, Bid, Asked AE% Cuban-Amoer Bug pt. 10° Park & Tiiford (13).. p p b r—Good to fancy creamery, e e g g 4 3% 18 8's Cudahy Packing (4). 9 B9 1% Park Utah. ..eoeo0e0 pound, 36a39; Jadles, 25a26; rolls, 24 Onited ONl Trust Shrs H. 114% Curtis Publish pf(1) 2 11 9 118 8% Parmelee Trans 1% ., 12 26; process, 31a32; store packed, 21a22 Others unchanged. % é‘n:’r'u:vnr;\ i e VY & Pathe Exchang: 2 CEEY i o ] 8% ght Corp A. o CLARED o BerienCment: FOR DETROIT EXCHANGE - NEW YORK, August 9 ). — [ Denver & RG W pf.. | Sound investment is a one way street, Company Pl s Wik ok | 599 - 209 g‘e‘m"‘;’;‘m"“fi",m leading to certain, steady income and un- Aluminum indus B Aug. 30 67 Drug Corporatn (¢ d t failing safety of principal—a straight 43 5's Dunhill Intl (24) 2 21 Ce tion will have manufactured weather 3 s, 145% 95% Du Pont de N (+ 3 1081 1075 1 e the year around, it was announced to- "’"‘ti t]‘;. fi?anfial' p“’g"ei}'t The g P:; 1 Bton dale 2 23% 23 234 234 &1, Philip Morris (1) s comfortable as - rough the Swartzell, Rheem ensey b5t Eleo Auto Lit - . Y 21 b b t t: , whatever the weather & Py & 49% E)Pwr & Lt (1). ... 181 A e e . 1 fRise) paousciel) FIRST MORTGAGE REAL Company, are investments that travel 100% Elec Pwr&Lt pf (6). 100, 100t 100% 100 I PlerceOfl....eeeees 2 1 New York's Stock Exchange was the ESTATE BONDS the one way street of steady income and T 3% Bimerson Brant (A} Ioniome Mt 1 24 Plerce Peuroleum. ;. 12 first o cocl. and dehumidify 1S air % safety of principal. In more than 61 rson Bran - W 2 3 The new San Francisco ex- . . & o A < 39% Equit Ofice B1dg (3) 46 S0 30w ;:'rl:m"?;.'lr;u:':zlxl:y' ge, opened this Spring, was the Firm Bids Obtained years, through depression and panics, S "Gis Evans Aui Loading. a W e U B e D iring, weathor through financial traffic jams, these : 20% Poor & Co (B) (1) ... P i Notes have never fluctuated a penny in 4 value and interest has always been sent out by us the day it was due. 7 FairbanksCopf. ... 2 ) 3 3 24 PRAmMTobA (3 the year around. e e 59% Fed Lt & Tre ($1%). ' - g S Anitsh b (ie) In’addition to the trading and clear- 5 g o LA Au 5%, 91 Fed Lt& Trac pf (6) 6 35% Prairie Ofl & Gas(2). ance rooms, conditioned air will also Stand Dredging. ... 3 3 30 Fed Wat8. A (62.40) ? be supplied to the individual offices. ~ 44y, Prairie Pips L (16).. pp Wilson Jones..... . 75 b 56 K'id Pho Fire 1(2.60). b i 6% 6% Pry Steel Car. The system was designed and installed Extra. 19% Firestone T&R(1.60) 2 52% Proctor & Gamb(2.: by the same firm which recently in- Colontal Investors. .20 46 Firat NatStrs (3%). 612 Prod & Refiner < stalled a similar system in the Capitol HLH £ 1% Fisk Rubber. 2 8115 Pub Serv.N J (3.40). at Washington and the White House ¢ 6% Fisk Rubber 1, 62 Pullman Corp (4)... b4 67 offices. Western Mass Cos.68%c Q 30 Sep. 16 615 Fisk Rub 18t pf cv. 19% Pure 011 (1%) —————— v. 5. TREASURY BALANCE. || INTERNATIONAL BANK . Omitted. s 23 KFollanshee Bros (2). 4 2 0% Bates Mix 2 8A t this time. 6015 Foster Wheeler (2).. 3 2 ,il-z 5:{?;3':;.7:.‘::: w. The United States Treasury balance, Investment Securitie: announced today, as of close of busi- |} zer, Disteiet M Gerrard " A Co I'I'lg( it this time. 28'% Fourth Natl lnve 32y e Tn Reslies Inc -11‘,:.: this time, BT 164 FoxFiim (A) (0 3z R::::'E:::'lh) w18 g 5% 'résport. Tax ¢4 " 19 - . 217 L3 155,885,868.08. tiet e 16 Jackson Place Fipivorssd- ou. pf .10 - & 31 Juned0’ 951 8l Fuller prpf(17.94) 28 fi:;'.?.‘:f;’,",',f,";".:, 8 '(‘:::w:-“g:-pu o S 'monmmum HHE ] » were $7,378,432.19. Total ordinary ex- penditures were $11,361,704.19. Stock. _11% 5% Gabriel Baun(A); g €:and Dredsing..1%% .. Sep. 3 Aus.18 - 7% 24 Gardner Motofi.ee.s B 24 24 24 (Continued on Page 11.). « . v . SWARTZELI VQHEEM& HENSEY Co. MORTGAGE BANKERS \111 15 STREET N. W, WASHINGTON D.C.