Evening Star Newspaper, August 13, 1930, Page 15

FINANCIAL. CURB SSUES WEAK Liquidation Fails to Bring Out Large Offerings and De- cline Is Checked. BY JOHN A. CRONE. @pecial Dispatch to The Star. 1 NEW YORK, August 13.—Pressure | was fésutéd at the opening of the Curb | Exchange today, bringing out offerings and pushing prices lower until midday, when signs of resistance appeared. This lattér development merely checked the decline and did not bring about a rally. Electrie Bond & Share lost more than a point before meeting support. | American Gas & Electric, which the | Street ingists 5 to be the nucleus of a | big merger, &liced &-veral points off its | previous close. Cities Bervice was down fractionally. Ford Motors, Ltd, ad- vanced about & point around midday. Selling started in the utilities, but rapidly spread to the oils, then the in- vestment trusts and miscellaneous in- dustrials, including store and farm implement shares. Gleaner Harvester Combine and Deere & Co. sold off. Garlock Packing and General Laundry machinery then hit new. lows for the year. Lakey Foundry was the next of the machinery shares to decline. The_higher-priced oils were the first to ésablish new minimum levels. Gulf Oil: broke through its previous low of 117. Standard Oil of Ohio with equal ease slid past its previous low of 767 and Ohio Ol new. hit a record low. The movements were followed by de- clines in Darby Pettoleum, Ohio Oil, old; Louisisna Land & Exploration, North European Oil and Sundray O ona Iel small offerings. drop in the investment trusts was headed by the prior preferrei of Selected Industries, which toppled to new low ground on the first few sales. Reybarn . common came next and was followed by Securities General, new, which broke more than 5 points. Store stocks continued the decline "mm has ted for the last five sessions. algreen Drug Stores regis- tered the first low. It & q Edison Brothers Stores, also at a new minimum level, and later Foltis-Fisher and Helena Rubinstein equaled their | bottom quotations for the year, Aluminum Limited broke 20 points on the sale of 100 shares. Alabama Great Southern common opened down 3 points and later eased off to its previous low A“? Smith Corporation was b admitted to listing me‘ k of Nicholson File Co. o REVENUE FREIGHT LOADINGS. | By the Associsted Press. Loadings of revenue freight declined during thé week endeu August 2, s compared with the previous week, while & material decline is indicated as com- | pared with the corresponding period of ! last year. The following totals for ! comparable periods are given by the American Railway Association: Week ehded August 2, 918,335 cars; m\'fln\l week, 919,349 cars; same week st year, 1,105, 0 cars. BONDS ON THE CURB i3 “Esggit ST t=s ty : i » Z i 4 000BTERREREREY Rt FEE LR e e C M -ru-mm L & “1Jers C PAL 5':s A Kans G & E 4igs # Libby McN & L 36 Lone €1ar Gag 55 $Mo Pac B s xo u 10 §Mont L 22222 SR \ B o enen 97 9800! 3325 S99y & Co s cub £ Nor Lt % 4 g 8 P & L 834 4 e JA N e ——— BT {9 e 1) i ®, £y 2 ! 35 ‘3 at ¢ taley Mfg 65 '42 tandard Inv 5 randard P & 1, 6 S s o, 00", 1007, 100% 102 * 102 * 102 102'% 101 92 ° 92 ! ro@a DS ey 0 Sweringen 65 Ry 4128 B 55 D ‘80 s Tex Ut 5s A ‘75 93'4 4 Buenos Alres 6% A P 4.8, 6 @ NEW YORK CURB MARKE piane e Seenkied by ') Ing y wn!r-hm those stocks to be —Pret. 1930.~ Stock and High. Low. Dividend Rate. 23% 10 Aero Underwriters. . 1824 1021 Ala Great Sow (7)., 104% 100 Alabarna Pwr pri6). 1% Aletander indust 4 Allegheny Gas % Allled Aviation..... 8l Allied Mills (60¢). .. 108 Aluminum Co. Ltd.. 6 Am Capital (B). 25% Am Cit PEL(A)(a3) 12% Am C P&L(B)(10%) 21% Am Com P(A) b10% 34i» Am Cwith P(B)10% « Am Contrel O|I Flds 17% Am Cynam B Sales— 1 08 10! 0s 10: Am Gas & El80 (1), 74 Am Invest Ine (B).. Am Lt & Trac (2%). % Am Maize Prod (2).. 1% Am Maricabo. ... €8 Am Meter (new) =28 Am Phenix Corp (3). 20% Am Superpwr (1), 7% Am U&Gen B vte 406 17 Am Yvette (nhged 815 Appalachian G % Arkansas Nat Gi S14 Ark NatGad (A). ... 7% Ark N G cu pf(60c). 5% Asso Elee Ind (30¢). 32 Asso Gas & Elec. 30% Asso GEE A (at2.49) 2% Auto Mu Ins A(t1.10 9% Auto Vot Ma ev of pt 24% Aviation Corp of Am 26 Axton-F Tob A (3.20 2% Bahia Corn 18 BlisaCo (E 61 Blue Ridge Cp (40e) . 23% Blue Ridge cv of(a3) £3% Brazi) Trac & Lt(h2) 2% Brill Corp (B). 32 PBulovaey n'd!ul 65 Bunker Hil& S t6% 1% Buzza Clark Inc 3 Bwana M Kubwa, . 2% Cable Radlo T v.te.. 1 CAble&Wire (B) rets 8% C& W ptrets (9%e). 81 Canada Marconi 3 Cent Atlantic § 264 Cent P8 (A) (a 19 Cent States Eukmc) ln Centrifug Pips(8oe). 14 Chain Stores Dev 22» Charis Corp (13) 17% Chat Ph Al nv (50c). 17% Chem Nat Asson-v. 24% Clties Service(g30c) £8 Citles Srve pf 16)... 7% Cit Sve pf B (80c)s.. 7% Col Oll & Gas vte. ... 81 Colum Pict vte (f1% 3% Com'with & Sou war 11% Comm Wat Serv b6 % 1. Consol Auto Merch - L LT T anee > e CounmonaShar MR w » © = Na BBt DS BRI T RN TR B n D 13 90% Con Gas. Balto(3.60) 10 Consol Laundri, 1% Consol Theater: Cord Corp. . 19% Corp See. Chi (b6 913 Corroon & Reynol 32 CosdenOil.... 514 Creole Petroleumn. .. 15 Crocker Wheeler. ... 4 Cuban Cane pr opt w 1'% Curtiss Wright war. % Cusi Mex Mining. 12 Darby Petrolinn (2) €% Deere & Co (m1.20).. 214 De Forest Radlo. ... 16 Deisel W Gilbért (1% 4% Derby Oll Refining. 3% Detroit Afreraft.... 12% Douglas Alr (76e)... 31% Dresser (SR) B (2). 41 Driver Harris(new). 140 Duke Power (§15). 7 Duquesne Gas Cp 2% Durant Motors. 25% Eastn G&F Asso 18% Eastn Sta Pwr B(1). 7% Eastn Util Inv (A).. 83 Bdison Bros Strs (1) T4 Eisler Eelectricti¥%) 924 El Bond&Sha cu pf (b 70% E! Bond & 8h (b6). 103% El Bond & Sh pf (8). 19 Elec Pwr Asso (1 16% Elec Pwr Asso A ( 28% Eler Pwr & L op war 21 15% Elec Shareholdgi21) 82 Elec Sharehold pf (a8 12 Empire Fire In 8% Furo Elec deb rt, 123 Europ EL Ltd A (60c) 1% Evans Wallow Lead. % Fandango Corp. 164 Fiat receipts (1. 1% Financial Inv. N Y 87 Fire As. Phil (2%) 13% Fokker Atrcraft. 4% Foltis Fischer Corp. 6 Ford Mot,Francé 28c 10% Ford Mor.Ltd 2373%0. 21 2% Foundation For 8hi 2% Fox Theater Cl tA). 20 Garlock Pkg 11.20) 0 Wk wRuean - el xpnam mOmnen aa 2 Ranwd O e IR S A 30000 e 030000 N 1S B0 =1 19 Gen Empire Corp (1) 27% Gen Fi'proof (12% ). 4 Gen Laundry Mach. 20 Gen W WAE(A) (2). 38 Gilbert(AC) pf (3%4) 21 Gleaner Harv, n (2). 9 Globs Underwriters 2% Gold Coin (néw). 2% Golden Center. 15% Goldman Sach T C. 1% Gold Seal Elec new. . 10 Grief & Brather..... % Grifith (D W) (A 28 Guard Fire Assoi2 28 Guenther Law 117% Gult Ofl of Pat1% 82 Hartford El Lu!'u 8% Hecia Mining (1). 3% Helena Rubenstéln. . 18 He on onen‘hm 7 Hudwoh Bay M & 834 Hydro Eles Sec (2 8% Hygrade Food Prod. 26% Ind Terr I1lu Of) 1A) 17 Ind “in ctfa(b10 &) . £3% Insull Util Inv tb9% 154 Insurance Seec1.40). 19% Intercont Pow A 12). . Intercontinent Pet n ‘4 Intercont Pwr war 55 inter Cigar Mach nev 17% Inti Petroleum ¢1). . 20% Internatl Superd (1) 34% Int Utilities A (33). €% internatl Utll 1B) 5 Intl Utll wAr (new). interstate Equities.. Interst Eacv pt(3).. Irving Air Chute (1). PYSTRIIPN - p e - A eSO e S-Dan—a & 5¢ - - | mo—te wBaR 35 12 3% Lakey Foundry..... 307 Leh C&Nanew (1.40) 1 weonard Ofl. . ...... 2% Liberty Baking. By the Associated Press. The regular quarterly statement of the Federal Farm Loan Board for the period ended June 30, last, showed the composite condition of Federal land banks to be healthy. Farm mortgage loans held by these 12 institutions ~fetaled $1,192,719,717, | with combined assets amounting to $1,292,387.829. |~ The net carrying value of real estate | owned ontright and subject to redemp- | tion by the land banks was only 1.4 per tions. The real estate owned outright was carried at $19,698,378, against which | reserves totaling $8,122.273 has been set | up, leaving & net amount carried in th assets of $11,576,105. This constituted only total assets remaining after deducting all amounts covered by special reserves. Sheriff’s Certificates. Total of sheriffs' certificates, ments, ete., for the 12 banks was $6,- | 967,573, and represented one-half of 1 per cent cf their total assets judg- n-u 1! = n..fl EK sisting matnly of purchasé monéy mort- g2ges end ml utau sales con llb lfli& s (808) in odd lots only. Ad6 00 Open High M1 . 1268 IEUM. FEDERAL LAND BANKS REPORT - SHOWS FAVORABLE CONDITION cent of the total assets of the institu- | nine-tenths of 1 per cent of the | On June 30 the notes receivable, con- | THE —Pre.1930.~ Biga. ua- 32w 304 174 124 64% 200 3% 557 one hundred-share st Liber 7 Loew's, Loew’ 3 2% 1% 4u 103 102% 1% 102% 102% 1% w o £ 139 20% MeCord Mangel 39% 14 20% 434 184 N Y Tel Prémier Silica Gel South Strauss Sun Inv. Swift & Tubsize Unjted Unit Verde Ext (2) Utah Apex (50¢c). Utllity Pwr&Ltal). Util P&L B ctfs (a1) Utility & Ind. . Util & Ind pf (13%) Utility Equities Vacuum Ofl (4) Veeder Root (2%)... Venezuela Petrolm. . Vic Finan Corp (40e) Waitt & Bond A (2). Walgreen Co. . 15 30 8l Walker 17 Walker 1074 2% 3 13% | pasments bi | iphonit ot v A% in stoek 2% | no resula | reservés amounting to $3,347,300. The !net amount of $14,085,633 included in the assets represented 1.1 per cent of |the banks’ total assets. In addition to | the special reserves set up against these notes, the banks carried under | ferred income,” in liabilities, unrealized | profits on real estate sales amounting | to_$1,650,089. Delinquent amortization installments on June 30, after deducting partial pay- |ments, amounted to $4,505,646. Re- | serves had ‘been set up for such install- ments in an amount of $2,876,419, so that the net amount of such install= ments carried in the assets was $1,719,- 227, or only 37.4 per cent of the total |installments " delinquent.. The net | amount made up one-tenth of 1 per | cent of the total assets of the banks. The total of the special reserves set {up against all of the items just enu- merated was $14,346,001, so that the | aggregate amount included in the con- solidated statement of the resources of the banks was only $34,348,539, or 2.7 per cent of the total assets of the 12| banks. Legal Reserves. In addition, the banks had legal re- gervek Amounting o $13.270475 ana undivided profita of $4,632,334. Capital EVENING STAR, Lily Tulip Cup 1%.. . Inc (war). Lone Star Gas. n Louisiana Lan & Magdalena Synd. ... Marconi 1 Mar (38¢). Mass Util Asso 2 Mavis Bottiing Mayflower Asso (32) May Hos cum pf (4). Mead Johnson 13.75.. Memphis Nat Gas W Mer Cha & S (1.60) Met & Min. Ine(1.20) Mid Wst Ut (b8%) . Mid Wst Util B war. Mid W Sts Ut (1%).. Midland St1 P 2d pf. 1 MissK PL v.te. Moh Hud P 2d pf(7). Mount Prod(1.60). Natl Amer Co. .. Natl Aviation. .. Natl Bond & 8 (28c). Natl Fam Strs(1.80). Natl Pub Sv A (1.60) Nat] Rub Mach (2 N. Y. Transit (11.80) Niag.-H. Power (40¢c) 58 Niag.-H. Pwr A war. Niag Shars Md(40c). Niles-Bem-P (12%). Nipissing (30e) Noranda Mines No Am Aviat A w No Am Lt&Pr(b8%). Noth Buro Ol Corp Ohio Copper. . Ohlo Ofi (t4%).. Ohio Ofl new wi Ohio Ofl pf new (§) Oilstocks LtdA (50e Outbd Mot(A)(1.80). m‘wmln ol pec Pennroad Corp (20c) Pénna Pwr&Lt pf(T plés L&EP. A u2. perell Mfg (8). Petrol Corp whr.... Pilot Radio Tube(A) Pitney B P, n (20¢).. Plymouth O1} (3) Powar Becuritis Prince & Whité (25¢) Prince & Whit pf(3) Prudential invest Pub Uil Hold w w. Pub Utl] Hold war.. Quiney Mining... Rainbow Lu Prod A. Rainbow Lu Prod B. Relter-Foster Reliance Man: Reybarn Ci Reynolds In St Regis Paper (1). Sait Creek Prod (2).. SaxetCo........ Seaboard Utll (50¢). Secur Corp Gen(40e) Seg Lock & H (508). Selected Industries. Sel Indust ctfs (4%) Select Ind pr(6%). . somn Safety Cont. 8hénan Coro pf ) Smith (A O) 12).... So Cal Ed pf B(1%). rn Corp. Sou Natura) G Southland Roy (1).. South Penn Oi1(13%) 5 W Gas Utllities. .. Stand Cap&S,n(2.40) stand Oi. ind (2 Stand Oil KY (1. Stand OiL. Ohio(2%). 8t Oi1, Ohlo pf (7) Starrett Corp Stutz Motor Car, Sunray Ol (406) . Swift Internatl(2%) Technicolor. ine. ... Teck Hughes 180e). . Tennesses Prod ($1) Thatcher See Corp. . Todd Bhipyard (4 Tran Con Air Tra Trans Lux D L P Tri-Cont Corp (W Tung-Sol L pf (3). Ungérletder ¥ Corp Un N G of Can (t Union Tobaceo. ... .. Unit Found (b2-35 sh United Gas Co (new) United Gas (war) Gas pt (1) Utd Lt & Pwr AL1 Cnit Lt&Fwr(B) (1 Utd Lt & Fwr pfe6). U'S Dairy (B). US Eiec Pwr ww U S & intl Secur. 815 Wayne Pump ' Wenden Copper RIGHTS # Mo Kan Fipe.. Dlvldznd rates As given In Ihe aboye table are the annual cash 4 on tes &) b Py b in, gash or stocky T Bl 2| Brhur"adnin Rock Fiiun 8% 1n WASHINGTON, Réceived by Private Wire Direct to The Star Office »e B amRanmang Dairy Food. Inc, deb rts. 1). Rad(B) (2). Strspf(6%). » & » P L (b10%). & - RSP - IR o Y 1P EY 3 S ETTE- TP~ PRSI 508 1 of (8%). ... o odeve, W) Fude rnades Bnineaan Gold (2 RS RO 1 DT IO N T p 10 00 e 0000 00 T 1 1O O G 00 i 1 b v e 8 1 8l Ctfs 0) Roth. . Co néw (2). Chatel (B).. 0 o x_ _©S B 01 10 e 500010 B 0900 TN 0 e h e D10 D T kOt R RO [ = T T o= zvu (H) (1) Min (7%e) 124 % “ % % 101% 101% 101%,| ~ * L} & 5 % % 2o Expire. SAug 25 120 7 o half, searly declarations Plus 4% tock 0 wiock. "k Plus 5% in stock. & Pius stock amounted to stock, legal reserves profits of $83,851,176. The institutions had bonds authorized and outstanding amounting to $1,179,- 255,280, of which $1,833,580 was held by the banks of issue While each bank is primarily respénsible for the principal and interest of the bonds which it fssues, all of the institutions are jointly liabfe, under the conditions stated in the farm loan act, for the ps!n(‘lpnl and interest of all the bonds istued by all banks. In addition to the collateral directly securing bonds, and the other assets reflected in the consolidated statement of the banks, the National Farm Loan associations, | of which there are more than 4,600, have indorsed mortgage loans recom- mended by them and closed by the "banks. Individual stockholders in Na- tional Farm Loan associations are lia- ble for the obligations of the associa- tions in an amount equal to 5 per cent of the face of their loans, in addition ¥ an eq\ml amount of capital stock. $65.939,367, with and undivided EAB,NINGS REPORTED. NEW YORK, August 13 (#).—Na- tional Enameling & Stamping Co. reports I net loss of $13,542 for the first six months, against net income of $164,686 in_the first half 0{0 1929m h " .st Natio res, Inc, Ba profit_of 31, l“lhi T &b !fl June 30, “wm i‘l M “: s D._C. WEDNESDAY. NEW YDRK CDTTDN NEW YORK, August 13 (Special).— Selling pressure continued the feature of cotton trading and prices lost about $1_a bale today. h{i“( -«glul;n to t:;fumeredl aemr;gwof edges e South, Bpeculative tn T- ests pul out ufio advance of the marketing season .nd the list closed not far from the bottom, more than 15 points lower than Tuesday. The de- ciine in wheat and corn added a de- pressing factor &nd the market was u.m{er weight of contracts througheut. Bpots were reduced 15 points to $12.20. At one time during the day all months made new low records for the year, October contracts in New York breaking below the 12-cent level for the first time since the Fall of 1928, Cotton range: Q 3 3 Qctoper. Octabel | geesesmie” & feixieicieiciete) e e Eriaram w0 S2553238% Hreemome. | 2 """"""""5’ GRAIN MARKET CHICAGO, August 13 (Special).— The wheat market closed near the bot- tom for the day under heavy selling by Eastern longs. The persistent weak- ness in wxnmpe. wn rné)mmbla for much of the sales reported as hl‘h as 2000000 bushels, mostly hard Winter, falled to help the market. Wheat closed 2%12’4 lower. tember, 8853a88%; g 94'.. March, 98% lll"fi. ny, 101’/4: Com developed into & nhuv row market and was influenced action in wheat. \n¢ were 213227 lower. September, 96 m% December, 91%a91%; March, 94; 96. om closed 134823 lower. aepulg- ber, 38%; Dece:nsbe:' 42, March, 44 Bellies nar- the May, 46% Lard closed 15a27% lower. unchanged CHICAGO STOCK MARKET By the Associated Press. CHICAGO, &\lfilt 13.—Following 1s the complete official list of transactions in stocks on the ChicAgo Btock change : 50 Am Equities 14 208 Am Pub ULl BAr BT 101% 100 At M : 250 Assoc 1700 Bendix _ Aviati 1750 Borg- Warner tler Bros 100 Cnmnb-n wac! 2 b e Pub Serv A 25% it % a8 or Gt Takes Ajrcraft {17 Lakes Drease T oun; Grigshy-Gruno rint. SES RERF o s RS 25055350 R R RS e LR L SR L BN SR BN £ 100 Muncie Musk_Mot_Spec e 100 Nat. Secur Inv’ctt ! 350 Nat_ Un 50 Nohiitt- BDnrk< Seaboard Ut Southern union 100 Erand” Drod 100 Stand Dreds nv 100 Stone (H O) 200 Super-Maid 450 Swift & Co 100 Time-O-Stat 200 Transformer 500 Twin St Nat Gas’ " Cont - R "fika Shares ... s o ., Total l‘m‘k AT todny. 102,000 hres, Tosull ummsv ?“%r.m - 3101', 101 102 Total bon I T N ¥ %f,. 5 |5 s today, $23,000. DIVIDENDS DECLARED NEW YORK, August 13 (#)— Regular. Pe- Pn)’- Rate. uud Hidrs. of Company. Blums inc’ pf Bogton & Me P, ist p1 Ci E.§1.12 RGN B Butier W 1sUPi. . C ser Bkrs sns. . boc umbbriand Bipe L. 4% Dime Bk Lincoln o pf .. Gas Securities ... Dol s Hawatian Eie¢ 5c Murphy G Et Nnnhnn ke Fower (Wis.)_pf...... .18 osilvie ¥ M Bt ranke_Csh (1l itis, Youngstown Ashtabula Ry pt.3 Prih & W “ais 3704 1 uoyuny art 8im Bmmn Pub P 8 Col Pow 1% ot Care Fasten nited Frait, . DOOOBEOLOE OO POO uccEmnz:zzzox t:zza‘:u:cu'uc ® Do 7% s Wolverine Petro Wolver Tube pf Engineers Pub Ser Do 3830 bt 31§ wP%a 3Rk 5 o _AUGU FINANClkL. STOCK AND EDND AVERAGEB By the Associated Press. From Yesterday's 3:30 Edition. Ago. Three years ago, weekly aver High, 1930. Low, 1930 High, 1929, Three years ago, weekly aver. . High, 1930. Low, 1930. High, 1929. Low, 1929. (Copyright, 1930, Standard Statisties Co) Business Notes By the Associated Press. NEW YORK, August 13.—First half- yéar passenger automobile sales show that Ford whs the only manufacturer showing & #ain for the period, while General Motors strengthened its rela- tive position, holding second place in sales ranking, with Chevrolet taking third and fourth places with Buick and Pontiac, which cars in the previous year held fifth and sixth positions. Chrysler advanced from twelfth to seventh, Dodge from seventh to sixth, Plymouth from tenth to eighth and Sota from fifteenth to twelfth. Other leading manufacturers, besides dropping off in volume, &lso slipped back in their relative sales standing, with the exception of Studebaker, which held tenth pos! 3 against eleventh a year ago. Registration of buyers in the New York mlrket during the past week to- taled 1,153, compared with 1231 the previous S5 and 1,501 in the corre- sponding_week last year, according to lists published in the New York Times. Arrivais yesterday were 461, compared with 651 reported last Tuesday. ‘Throwing off the handicap of the in- e egimning ‘> gt a better Tesponte are beginning to get a on August sales offerings, it s reported. Should the respite ffom higher temper- atures prove even comparatively brief. retail executives have been encouraged to_anticipate & much better sho! in sales figures for the month than been expected. BOND INTEBE.ST PAYMENTS. N!W YORK August 13 (&) —Interest COrpe g“r:u bonds during t wil] total sl?S 414,275, Standard tatistics Co. reports. In addition sev- erll bonds to an aggregate of $9,217,500 will be paid off and the sum to be realized by owners of other bonds called during the month will be $18,069,000. NEW FORD nnANCH PLANNED. NEW YORK, August 13 (#).—The Ford Motor Co. is to build a new branch assembly plant at Buffalo, N. Y., with a capacity of 400 cars and trucks & day, compared with 225 units a day in the present Buffalo plant. The new plant will be ready for operation within & year and 2,500 mm will be employed. METAL fiAmT. NEW YORK, August 13 (#).—Copper guz elecu’olym. spot and future, 11. ug hanged. Tin easy; -pot md ne\rby 9.87, future, 30.12. teady; New York, 5.80; East G?- "Zinc quiet; East Bt. Louis, lpot and future, 4.30a4.35. Antitony, 7.87. SILVER QUOTAT[ONS LEW, YORK, Aubust 13 (P).—Bar Specializing ih Mortgages on Investment Properties JAMES Y. PENNEBAKER Nat. 5191 1520 K St. N.W. 24-Hour Parkmg Bagement of (nvestment th Sts. Hour. ‘bay Becured by first dee evailing interes Joseph . Weller fl BEN HUNDLEY; Management Over 30 year: cessful handling of rents—economical eon- sideration for owners. Personal attention to details and prompt remittances. Also facilities for financing. Moore & Hill, Inc. (Since 1900) 730 17th Street How to Be Sure! Always select a thorough ly reliable and conservative = investment and be assured of the future. Guaranty First Mortgages are just such an investment. We Make First Mortgage Loass! CorPORATION &en Cable Corp A..31 @ Capital Resources, $3,500,000 24 JACKSON PLACE Markets at a Glance NEW YORK, August 13 (#).—Stocks irregular; leaders rally after touching new jlows op movement. Bonds irregu- lar; investment issues fluctuate narrow- 1y. Curb irregular; active shares rally after early decline. Foreign exchanges irregular; Canadian easler. Cotton lower; bearish weekly weather report. Sugar steady; Cuban support. Coff easy; European celling. CHICAGO, August 13 (#). — Wheat weak; bearish Government weather re- rt. Corn weak; good ansas. Cattle steady. COTTONSEED REPORT. By the Associated Press. Cot crushed in the ecotton year, August 1 last year to July, 31 this year, was announced today by the Census Bureau as 5,014,582 tons, com- pared with 5,081,058 tons in the pre- vious year, and cottonseed on, hand &t the mills July 21 was 44,608 tons, com- paAred with 41,608 tons a_year ago. Cottonseed products Aanttasired during the year and on hand July 31 included: Crude oil produced, 1,572,050,267 pounds, compared with 1,606,131,038, 81106407 pounds, com- o mwt&“is 181 part e nand, nuas 070 po'um com- pared with 338,819,933, Cake and meal produced, 2,231,882 tons, compared with 2,281,576, and on %xnd 54,308 pounds, comparéd with 'umm produced, 1037212 runn: , compared with 1,085,768, md‘gg hnnd _’éa 463 running bales, compared H_\-u.' uced, 1,383,461 tons, com- 1,368,279, and on hand, 27, 18 tons, compared with 63,917. FiRsT cflmfifl LIVE m tntn i mn Am,f” )= flog 13,000 head, including 2,000 head irec arket active; molu{ to 15 l% top, 10.10; f!' hldl. 102 and choice, llo-lfll 995 llihl-'ellht 100 0.10; medi weuht dium_and _good, mm ” slaughter pigs, tmd and eholeu, m—uo pounds, 8.0049.! Cattle, 10,500 hnd calves, 2,000 head; neral market more active, buyers after ight yearlings; strictly choice heavies ume general run, 8.0029.00; veuhty kinds' down to 300 and elow enry 107 veasings, an ow; early 10,50. _Slaughter cmfiufié" ers Steers good and choice, 600-! 9.50a11.00: 900-1,100 pounds, 8. 11.00; 1,100-1,300 pounds, ns-mafi: 1,300~ 1,500 pounds, ’330" Phei .17 .ssnd w pount al good and chojce, 550-850 ds, 8.75210.75; common and me- poun dium, 5.0028.50; cows, b‘!u 5.50a7.50; common ani medlug\. 002 5&1’;1 low mr u;ddc:)zm 3.0084.25 (bulls, year excluded) ; e‘m f, 8.2527.00; cutter to medium, 7.00; vealers (milk fed), good choice, 11.00a13.00; medium, 9.50a11. oo ; stocker and 500-1,050 pounds, 6.50a7.50; common and medium, 4.7586.75. Sheep, 15,000 head; market steady to strong; strictly choice lambs and feed- ers, 10 to 15 higher; bulk natives to glcker! 8.75a9.50; top, 9.75; igher; fat ewes, 3.00a4.00; feeders, 6.50; lz‘dl lambs, 90 pounds down good cho! 8.5029.75; medium, 7.00a8. weights common, 4.":5a7.00; ewu !0-150 pounds, medium to choice, 2.25a4. weights cull and common, 1.00a2 feeding lambs, 60-75 pounds, nod and choice, 6.25a6.85. Oak pilings placed nearly 2,000 years ago are still aqum-un the famous Campanile in Venice, Ital REAL ESTATE-LOANS Made at Low Interest Rates TYLER & RUTHERFORD on high - elass ap s, tor 3. 1520 K St. N. First Mortgage Loans Lowest Rates of interést and Comn:ission Thomas J. Fisher & Company, Inc. THE COMMERCIAL NATIONAL BANK Let rve in 411 banking and ‘a‘dfim it Ny lnhrmuflm‘: vings accounts from day © afim to day of withdrawal. Résources over $19,000,000 WADE H. COOPER. President 0 National 0478 14th and G Streets MORTGAGES YOUR HOLDINGS MAY BE ADDED TO Whent you make an invest- ment in our 6% FIRST MORTGAGES additional monéy may bé placed Over a Third of & Century Without a terest in them from time to tifme as your personal budget warrants— with the knowledge that the in- begins the day thé pur- chase is made and that this liberal interest continues unchanged throughout the term of the loan. May be purchased in amounts from $250 up. F. SAUL CO. National 2100 THERE 1§ NO 925 15th St. N.W. SUBSTITUTE FOR SAFETY W\_—"fi/ Ton ight you are cordially invited to listen to an address on “The Law as a Basis of Investment Security” to be delivered by the Hon. Henry Upson Sims, President AMERICAN BAR ASSOCIATION as guest speaker on the HALSEY, STUART & CO. Radio Program WRC —8 o’clock Over a Coast to Coast network of thirty-seven stations @uociated with the National Broadcasting Compang. Music by symphony orchestra. A copy of Mr. Sims’ address may be ob- tained ®y writing to Halsey, Stuart & Co., 1421 H Street N.W,, ‘Washington, D. ¢c [