Evening Star Newspaper, August 28, 1930, Page 13

FINANCIAL. WOMAN INSTITUTE | MENBERS T0 DI Annual Banquet Monday, Sep- tember 8—Mrs. Renshaw to Be Chief Speaker. N annual dinner sponsored by the 's Committee of the Washington Chapter, American Institute of Bank- , will be held at the Roosevelt Hotel, ay evening, September 8. Mrs. Anne T. Renshaw, president of the Anne Tillery School of Expression, will give the principal address of the evening, it was announced by Miss Mil- dred Woodcock the American Se- curity & Trust Co, chairman of the committee Other speakers will include Frank M. Perley of tne American Securily & | Note—All stocks a meztun; those designa whicl 7% 92 32 23y 41% 156% 1034 Alr Reduction (3)... 86 2% 9 15% 354 843 68 31y 10% 2% TH 51 21% 156% 1081 Am Can (4), .. . 82l 697 Trust Co., who is president of the chap- | 101 ter; Aubrey O. Dooley of the eral-American Nationai Bank, who is first vice president; T. Hunton Leith, assistant cashier of the Security Sav- ings & Commercial Bank, who is & member of the National Council of the A. I B, and Raymond B. Dickey, in- structor in law at the institute. Arrangements are being made for a reception from 6 to 6:30, the dinner to start at 6:30. Bankers' Committee to Meet. | - An important meeting of the Pro- | ve Committee of the District of bia Bankers’ Association has been called for Friday, September 5, by the chairman, Frederick P. H. Siddons, secretary of the American Security & Trust Co. H Several proposals of vital interest to 33 111% the banking institutions of ‘the Na-| 100% tional Capital are listed for consider- ation, but they nre of such a nature that the policies adopted will probably | be made known afterward only to the banking institutions themselves. ‘Young's Departure Regretted. ation of Roy A. Young, gov !lxuo;x the Pederal Reserve Board, to ‘become governor of the Federal Feserve Bank of Boston was the subject of ex- pressions of among local financial institutions. While Washington financiers that Gov. Young was ting & post which will bring & higher salary, they were sorry | 1o lose from the Capital such an out-| standing figure in the banking world. “Gov. Young had been friendly to| tion, arly a social A :“‘M mp.l’:g\l P. McLachlen, presi- dent of the association, tod: “and we appreciated very much his interest in the local situation. He attended two of our conventions, one at Montauk and the other at Asheville, and was well known by our membership. We are giad to see he is bettering himself, but we regret to see him go. Administration Council. i “The Council of Administration of the | District of Columbia Bankers’ Associa- tion will hold its regular monthly meet- ing tomorrow. Bradley Joins Peirce Co. > ‘Charles Emmett Bradley, formerly an | in the corporate research de- mt of the Guaranty Trust Co. | of New York and assistant trade com- in m, D. C. has; been elected vice president of Albert E. Peirce & Co. national investment security organization. Mr. Bradley Jjoined the organization in June, 1929 and has been in charge of national ‘wholesale distribution with offices in Chieago., In this capacity he will be by A. R. Hughes, assisted by *Lh prospects of the cost of gas w0 the consumer in Washington and vi- cinity going down, and expansion of the Washington company, there was inter- est today in reports of conditions in re, where the Consolidated Gas, Light & Povxer lc& of !?m’rrnm;: 1s just beginning to feel e real effect of the country-wide depression. Prior to June, according to a review of the situation in the Maryland city, Baltimore was outstanding among the major cities on the Atlantic seaboard for the small degress of industrial inac- tivity within its confines. This was ized cleary in the monthly re- ports of Consolidated Gas of Baltimore ing to power supplied to indus- . Although the gains in monthly in- dustrial power sales over the corre sponding months of 1920 were on a descending scale from February through May, it was not until June that sales fell’ off sharply to show only a slight galn over June of last year. BUSINESS LEADERS SEEM MORE HOPEFUL Feeling of Confidence Is Replacing TUncertainty, Says “Trade Winds.” By.the Assoclated Press. CLEVELAND, August business continues at a slow pace, a feeling of confidence in the future is steadily replacing _uncertainty, [} 103% 101 43% 2214 524 { 116 1 5% 2714 T4l 20014 Am Tel & Teler (9). X 264% 197 regret on all sides today | 126 118 | 2691 197 feel | 129% 117 justified in | 124% 108 108 81% [ 3% | 1228 964 Ralto & Ohfo (T5.... | 11075 106% Bamberger pf (6%). 8 11 41y 6% 57% 27% Bendix Aviation (3). THeW 69 90% 60% Borden Co (k3). 26% . 22'4 12% Brockway Motor Trk 0% 74 1104 90 35 48 110 M 5% 29% 134 Buti 112% 60% Byes 21 #9% 48% Calumet & Arizona.. 33% (13 Calumet&Hec(sl). 30 75% 66 Canada Dry G A.(5). 226% 165% Canadian Pacifie(10) 52% 40% Can Pacific(ned)w.l 362% 150 132 9% 60 65%, 67% AT% 82 10 10% 13% 28.— While | 1918 1334 Coca-Cola 35% Union Trust Co. of Cleveland finds, and | 135 belief is growing that the end of the ! fon is not ml' d!hunl, 8 wing optimism is founded, the h'ul{rzomplny says in its publica- tion, Trade Winds, on the conviction that the worst has passed and that ‘when price adjustments have progressed & little further, when curtailed produe- tion has been continued a littie longer, and when conditions in foreign coun- tries have improved, a turning point | may be expected. | ‘While business has continued at a | slow pace and statistics show further | 104% 19% 0 87 37T% 199 40% 8 21% 284 declines; the company asserts that it | 186w finds business, on the whole, has gone on in a manner which not so many | would have been considered atisfactory.” “Goods are be- ing consumed faster than they are made, which must inevitably result in years aj “fairly 103% 22% 81 1104 Am Steel Fdy pf (7). 102% Atch To & SF pf (5). 175 145 H1% 106 27 263% 91 614 109 T 24 101 2 115 124 108 Columblan Card (1! THE EVENING "NEW Recelved by Private Wire Direct to The Star Office. Stock and Dividend Firestone T&R pf(8) Fisk Rubber. . Fisk Rubber 1st pt. . Fisk Rub 18t pf ev. . Foster Wheeler (1), Fourth Natl Invest. Fox Film (A) (4)... Freeport Tex (15).. dner Motor. Am Investors Am Tnk Car($4y Gen Asphalt (4) . Gen Baking of (8). Gen Bronze (1)...., Gen Cable. Gen Clear (4). Gen Clectrio (1.60) . Gen Food Corp (3).. Gen Gas&EL A (e30). Gen G&EI cv pt(8).. Gen Mills nf ( Gen Motor Gen Motors pf (5). & Gen Outdoor Adv. len Out Adv(A) (4). i Gen PublicSve (b6). Gen Ry Stgnal (5) n Realtv & U1, , Yen Refract (t4%) Gen Theatre Equip. . (n8) —Prev.1930~ @igh. Low. 8T% 69% ‘sold in one hundred-share lots by the letter s (80s) (250s) to be sold in odd lots only. e 5% Sates— Prev. te. Add 00. Bisb. Low Close: 44 Paper 1 214 21 2 €0) 8 261 pf (6) 10s shows those stoc| 21% Adams Exp 854 Adams Expi 23 Adams Millis (2)... 8 Advance Rumlev. ... 15% Advance Rumley pf. 281 164 37 2 3 T84 16 Alr Way TI AD(234). 38% 1 Ajax Rubber 415 Alaska Juneau 615 Albany Wrap Pa 18 Allegheny Corp. 232 Allled Ch & Dy 481 Allls-Chalmer: 18 Amerada Corp (2). .. 4% Am Agricul Chem... 23 Am Agricul Ch of. Am Bank Note (+3), Am Bosch Maeneto. S8 Am Rrown Bov Elee. 144 184 34N o 1% 196 1314 42 AmCar & Fdv (6)... 46 Am Chain (3)... % Am Chain of (1), 9% Am Comm Aleohol 15 Am Encaustie (1). 23« Am Furopean Seeur. 564 Am & Forn Power 95 Am & For Pwr pf(6). 106% Am & For Pwr pf(7) 14 Am Hawaltan (110). 8% Am Hide & Leathe 1M Am Hide & Lea 55 Am Home Prod 31 Am Ice tt4). 28% Am Internatl (3). ... 39 Am Locomotive (4). 35% Am Mch & Fou Con. 6 Am Mach & Metals 28% Am Metal Co (1%) 72 Am Rwr & Lt (11).. 99 Am Pwr & Lt of (6). 80 Am P&Lt of A 81(5) 23% Am Ra&Std San 11§ 154 Am Republics. .. .. 48 Am Rolling Mill(n2) 2 Am Safety Razor(5) Am Sm & Ref (4). Am Sm & Ref nf (6) 38 Am Snuff (13%). 6% Am Solv & Chem. 35 Am Steel Fdy (3) Gold Dust pf (6).... Gold & Stock Tel (6). Goodrich (B F) Goodrich (BF) pt (1) Goodyear Tire (5) Goodyear 1st pt (7) Graham-Paige Granby Con M! . Grand Stlver 8 (m1). Grand Unton ...... iranite City Stl (4). Grant (W T) (1). Grt North pf (5) . Gr Nor ctfs Ore (a% Gre West Sug(1.40). 4 Grigsby Grunow.... Hahn Dept Stores. . Hamilton Watch 1.80 Hanna pf (new) (7). Hartman Corp (B).. 42 16 Am Stores (2) Am Tel & Cable (5) 108% 831 108 104% 25% Am Tobaeco (+12)... Am Tobacco (new). . Am Tobacco B (+12). Am Tobacco B(new) T84 Am Water Wka (m1) Ti4 Am Woolen. 19% Am Woolen pf. .. 441 Anaconda Cop (31%). 18 Andes Copper (1%4). 19% Archer-Dan-M (2).. 784 Armour of Del pf(7). 4% Armour of Il (A). 25 Armour of Il (R). .. 244 Art Metal Constr(2). 28 Asso Drv G (2%)... Homestake Min (17). Houdaflle-H (B)1.20 Houston O11 (b10% ) Howe Sound (t434). Hudson Motor (3) Hupp Motor Car (2). Independ O1l & G(2). % [nd Motor Cyele (ndian Refining. . Ingersoli-Rand (16) Inspiration Cop (2). Insur ctfs(Md) (60c) Interboro Rap Tran. Intl Agricuitural. Int] Bus Mach (n6). Intl Carriers ( int] Combustion Intl Cornb Eng pf.. Intl Harve (2% Intl Hydro El A (e2) Intl Match pf (4).... Intl Mer Marine (2). intl Nick! of Can(1). Intl Pap & Pwr (C).. Intl Printing Ink (3) Intl Salt (3) Intl Shoe (3) ntl Silver pf (7).... Intl Tel & Teleg (2). Inter Dept Strs (2).. Investors Equity(2). Island Creek Coal(4) Jewel Tea (14)..... Johns-Manville (3). Jordan Motor Car... Kayser Julius (2%). y-Spring Tire. ) . Atl Coast Line (110) 0% Atl Refining (t2).... 62 Atlas Powder (4) 2515 Atlas Stores (n1) Auburn Auto (14) 3% Austin Nichols. 2 Autosales . . . 87 Auto Strap Saf R(3). 4% Aviation Corp of Del 19% Baldwin Loco (1%). PepassSebernn3Buntnen e 63 Bang & Aroos (1), Bang & Aroos pr (7). 2% Barnett Leather. 2014 Barnsdall A (3). ... 97 Bayuk Cgr 1st pf(1). 6714 Beatrice Cream (4). 214 Belding-Hemingway RECOIS). 25000 hlehemn Steel (€). Bohn Al & Brass (3). 75 24 13% Briggs Mfe Co...... 13% Bruns-Balk-Col 33% Bucyrus cv pf (1%). % Budd (EG) (1) 8% Budd Wheel (1) 0% Bullard Co (1 60) .. Burns Bros (A) (3). 15% Burns Bros (B) £9% Burns Bros pf (7). 29% Bush Termnl (2%) 99 Bush Term deb (7) 214 Butte Cop & 7 (50¢) Kenneeott Cop (3).. Kolster Redlo. Kresge(SS)Co(160) Kresge Dept Store pt Kress (8 H) Co (p1). Kreuger & Toll 1.60. Krog Gr & Bak (nl). Lambert Co (8) . ELehman Corp (3). Lehigh Valley Coal. Ligg & Myers B(15). Lima Locomotive. .. Liguld Carbonis (4). Loew's. Ino (3)..... Loft. Inc.... . Loose-Wiles (12.80). Lorillard (P) Co.... Louisiana Oll....... Lou G & E1(A) (1%) Louls & Nash (7). 2 . Ludlym Steel (2). McCall Corp (2%) McGraw-Hill (2)... McKeespt T Pl (15). McKesson & Rob (1) MeKes & Ro pf(3%) McLellan Stor % Mack Trucks (6).... Macy (RH)&Co(nt3) % Magma Copper (4).. Mallison & Co. Mallison pf (7). Elev mod g Marine M1d (1.20) Marmon Motor Car. . Marshall Fieid (3% ) Mathieson Alkili (2). Maytag Co (12). . Dept Strs (n2).,. Mexican Seaboard . .. Miami Copper (1%). Michigan Stl (h2%4).. Mid-Cont Petm (2).. Middle States Ofl et. Midland Steel (3)... Minn Moline Pwr. . MoKan & Texas (2).. Mo Kan & Tex pt(7). Missourt Pac pf (). Mohawk Carpet..... Monsanto Ch (g1%). % Callaahan Zinc & Ld. 17 Campbell Wyant (2) Case (J 1) (8). ..., Case (J I) of (1), 53 Caterpil Tr (13% 9 Celotex Co 43% Cerro de P . 19% Checker Cab (4.20). . 44% Ches & Ohio (2°4)... 51% Chesapeake Corp (3 3 Chi&Alton... 4 2% °Chi & Alton 8% Chi Great Western. 27 ChiGreat Westn pf. 121 Chi M1l StP & '“fl.}' 18 224 41 4% Chi Yellow Cab (3).. Childs Co 12.40). Chrysler Corp (3) City lce&F (k3 60 6% City Sto 22% " 21% 10% 32% 92 145% 116% 40 164 63% 35 49% 29% 55 12% £143). . Colum Graph (a28¢ 23% Comm Credit (:1) 31% Comm Credit A (3) 76% Com Credit 1st (6%) 284 Comm Inv Tru.60) 20% Comm Solvents (21) 12% Comwlth & Sob (6! 99 Cmwith & Sou of (6) 10% Congoleum-Nairn 67 Consol Cer pr of 6% . 15% Consol Film (3) 18 Consol Film pf 96% Conso! Gas N Y (4).. 99% Consol Gas NY pf( 49 Con RR Cub pf (8 % Consol Textile. ..., 11% Con TA) (1.20). 8% Container(B).. 151 Contl Baking (A)... Murray (02%s Nash Motors (4).... Nat Acme (1%) Natl Belln Hes: . Natl Biscuit, n(2.80) Nati Cash Reg.A(14) Natl Dairy (332). Natl Lead (18). y-Spring 8% pf. 170 STAR, WASHINGTON, YORK STOCK EXCHANGE BT ISP W oo £ s AN ADRE 5a 23 2 3 10 2 308 863 3 1 2 1 5 1 2 1 2 s 7 35 131 1 42 108 1 24 62 » anBax= RPN 18 o Zowe 2 s opame =B 4 =% - o —uBRRRAR BROAR- AN AN NREBNN B0~ s D. STOCKS IRREGULAR INSLACK TRADING Market Is Without a Definite Trend, but Maintains Firm Undertone. BY CLAUD A. JAGGER, Associated Press Pinancial Editor. NEW YORK, August 28.—Specula- tive Wall Street was distracted by the approach of the triple week-end holi- day today, and the course of stock prices fluttered vaguely in slack and apathetic trading, although the mar- | ket maintained a firm .undertone. ‘Traders both short and long of stocks were anxious to close out their trad- ing positions before the three-day sus- pension, and veteran ‘iraders rarely wait until the last day, Furthermore, many were anxious to leave town to- night, letting the market take care of itsel tomorrow. ‘The market sold off moderately for a time during the morning, but soon firmed up. A handful of specialties such as McKeesport Tin Plate, Childs, Mack Truck, Cutler Hammer, Mathie- son Alkali and Real Silk Hoslery gain 2% to nearly 4 points. The electrical equipments, merchandising and food shares were firm. General Electric, ‘Westinghouse Electric, Corn Products, Borden, Sears Roebuck and Macy gained a point or more. United States Steel and Radio moved very narrowly. Hous- ton Ofl was driven down 5 points on prospects of curtailment of its produc- tion under the Texas conservation plans, but rallied a little later. Good- year was again a weak spot. Inter- national Telephone sagged to its low, then rallied. Large scale operations had to absorb considerable profit taking. Further bear prodding against suspected weak spots was in evidence, Although price movements in the maln merely repre- sented efforts of floor traders to kill time, there was decided inclination to keep the list steady to firm to pre- vent any damage to the foundation of the better market that is widely ex- pected after Labor day. Business and trade news was meager, but the more cheerful vein was main- tained. Money continued plentiful,‘with call loans abundantly offered at 2 per cent., RAILRO;DE’ CAMPAIGN FOR SAFETY SUCCEEDING By the Associated Press. The intensive campaign waged for a number of years by railroads of the country in an effort to impress the public with the necessity for greater care in crossing highway grades ap- pears to be bearing fruit. Purther improvement is shown by re- ports for the first five months of this ear just filed by the carriers with the terstate Commerce Commission, with fewer accidents, fatalities and persons injured in the period as compared with the corresponding months of last year. Accidents at highway grade crossings totaled 2,009 for the five months, a re- duction of 250 compared with the same period last year. Fatalities resulting from such accidents totaled 808, a re- duction of 154 over last year, while persons injured totaled 2,326, a reduc- tion of 211 under a year ago. In addition to conducting an in- tensive umpniz?,d t,hl:hr;‘llrom h;;e spent millions of dol protect hu man_life at such. crossings, not only other devices d torists of approaching through the elimination most_dangerous to warn trains, but-also of some of the First Mortgage Money for ‘ 6% BUILDING LOANS or IMPROVED PROPERTY Reasonable Rates Prompt Action B. F. SAUL CO. Nat'l 2100 invite . applications for | by the installation of mechanical and || Butter—One pound prints, 44'2845%; tub, 42124315, "l!g_'gs—flennery. 32; current receipts, Poultry, alive—Spring chickens, large, 28630; medium, 26a27; small, Ma25; fowls, heavy, 22a23; medium, 18al19; Leghorn fowls, 14a15; roosters, 14al6; ducks, 15. Home dressed—Spring chickens, heavy, 33a35; medium, 30a32; small, 27a28; fowls, heavy, 28a30; me- Leghorn fowls, -27a28; ; i ducks, 22a25; turkeys, 32a35. Meats, fresh killed—Beef, 19222; veal, 18822; lamb, 25; pork loins, 38; fresh hams, 25; fresh shoulders, 22; smoked hams, 28; smoked shoulders, 20; bacon, 28; 1ard, in bulk, 15; 1-pound packages, mi.m stock—Calves, 914; lambs, 9%4a Fruits—Watermelons, 26a60; canta- loupes, Rocky Fords, flats, 1.00a1.2! Arizona, flats, 1.15a1.35; nearby, I—K:Gk baskets, 1.25a1.50; Persian melons, flats, 1.25a2.00; oranges, 5.50a8.00: lemons, ; ap) 2.75; grapes, r?bles. 2.75; malagas, 1.75; concords, crates, 1.00a1.25; Thompson seedless, 1.50a1.75; plums, 2.75; honey- dews, 1.50a1.75; honeyballs, 2.50a3.50. Vegetables—Potatoes, 3.25a3.50; sweet potatoes, 6.00; tomatoes, 2-peck baskets, 1.00a1.50; spinach, New Zealand t 1.50; kale, 1.50; carrots, per 100 bunches, 5.00; beets, per 100 bunches, 5.00; okra, small baskets, 1.50; string beans, 3.008 3.50; lima beans, 4.00; ; peas, 3.00; cucumbers, Lon nearby 2.00; caulifiower, 5.50: corn, dnlzm; bnoucn, 2.00a2.50; cabbage, per bar~ rel, 2.50. BALTIMORE 'i’ROLLEY NET INCOME DECLINES Special Dispatch to The Star. BALTIMORE, August 28.— Net in- come of the United Rallways & Elec- tric Co., which controls the trolley and bus systems of Baltimore, for July de- clined for the first time this year, and passenger traffic also showed a sharp decline for the month. The July figures showed gross rev- enues of $1,236,414, compared with $1,328,176, a decrease of $01,762. After deduction’ of operating expenses, de- preciation, taxes and fixed charges there was a net income of $14,358 after the payment of interest on the income bonds, as compared with $35,~ 763 for the same month of 1929. For the seven months the company’s total revenues were $9,732,148.07, an increase of $13,617.84, as compared with the same period last year, due to the straight 10-cent fare which was put into effect in February. Net for seven months, after paying all fixed charges and interest on in- come bonds, was $313,440.66, an in- crease of $81,989.97 over the same period of 1929, INVESTMENT TRUSTS NEW YORK, August 28 (#).—Over- the counter market: Amer & Gen Secur B porate Trust Share T Trutee S| Trust Shares A. Investors Bauities Asked. Power & Rail Trustee Shares.. Spencer Trask Fund Inc. . United NY Bk & Trust Shrs Others unchange Money to Loan .’.l'!::':{“.f- ‘l,:'r‘.l.' lr:‘l eal estate. ane ission. Joseph 1. Weller 2 st REAL ESTATE LOANS ¥ ¥y ‘Made at. Low Interest Rates Applications mvited npartments and dwellin “ely_on well local for 3, 8 or 10 vears, Uf wo 1520 K St. NNW. National 0478 MEMBERS OF Fidelity Building & Loan Association Are 7 On ving % Savings and fu]ly p-rficiplte in surplus earnings Mai? doupon for information Fidelity Bldy. & Loan Asso. 200 Natl. Press Bldg: Washington, D. C. FINANCIAL, TELEPHONE REVENUE DECREASE REPORTED July Statement of Baltimore Com-| Risaa pany Reveals Drop of $43,184, Special Dispatch to The Star. BALTIMORE, August 28.—Telephone operating revenues for July amounted to $1,173,661, according to the report of operations of the Chesapeake & Po- tomac Telephone Co. of Baltimore City, Jjust filed with the Public Service Com- mission. Expenses during the month were $947,382, making net revenues $226,179. This was a decrease of $48,- 184 from the net revenues for June. Operating revenues for the seven months ended July 31 were $8,225,872. Expenses during this period were $6,- 469,847, making net revenues $1,756,025. Telephone operating revenues for the 12 months ended July 31 amounted to $14,- 050,550, nses were $11,027,392, making net revenues $3,023,187. This ls“mulvlle;n 'Aof H':'l’ib per cent on the average value of the company’s props erty as fixed by the Public Serv{ce 50!;- m:?;lnu %‘rhl?eulmb" 31, 1924, plus 5. val “%2"‘020. e on July 31 was 'axes assignable to operations were $113,871. This wlplenn lncreulla‘:mn{ $6,350 over July, 1929. Taxes for the seven months ended July 31 amounted to $820,467, which was an of $25974 more than the first seven months of last year, Taxes for the 12 ;lfinl%\l! ended July 31 amounted to $1,- Capital expenditures. for plant an equipment in Maryland mr’lthe flndt seven months of the year amounted to $3,856,086. © Gross retirements during this period were $1.540,958, making net additions to plant 2,115,128, Net addi- tions to plant and equipment for the 12 | months ended July 3 fopatn ly 31 amounted to $3, In July Maryland telephone us made 26,200,000 calls. At x;.he fl('!e“:;? :)ulsin}f&s nn1 July 31 there were 213,417 elephones in service, which increase of 5,419. gy i L Canadian Pulp Exports. NEW YORK, August 28 (#)—Cana- dian wood pulp exports during July were valued at $2,986,267, the Dominion Bureau of Statistics at Ottawa an- nounced today. Exports for June were $3,208,864 and for July a year ago $2,- 127,292, Total paper exports for the mer:’mh including newsprint, were val- u MORTGAGE LOAN rve A—l3 NEW YORK BANK STOCKS # Anf\-t 28 (®) 3 Harriman . Manhattan People’s Nati s5itliaen Bankers . ... Central ‘Hanover Chelsea Bank & Chemical Bank & Corn Exchange County Guaranty Trving Zesls E3 wa hlted "Btatei Westchester Titie ‘& Trus! Pris INVESTMENT SECURITIES Wasnineron Orrica 737 t15th Street N. W, Telephowa, National 2053 Masw Orrics - Barvimens 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 - S%% Apply RANDALL H. HAGNER & COMPANY Office Building Business Property , v CORRESPONDENT 'NEW YORK LIFE INSURANCE COMPANY 1321 Connecticut Ave. PROPERTY Apartment House MANAGEMENT Decatur 3600 MANAGEMENT POLICY of manage- ment; a decision of judg- ment, may be small matters in themselves—but have a very | important bearing on the popularity of an Apartment House, and its revenues. Our long experience equips us to meet every contingency to the owner’s best interest. B. F. SAUL CO. 925 15th St. N.W. M O R /T G A G The ‘“Long Nat’l 2100 E L O A NS Pull’’—for the Short-Sigh ted MANY an owner of speculative stocks is saying these days, “Oh, I don’t expect to get anything out of it now— I'm holding for the long pull” . . . Which means, in plain English, that this man is content to let capital lie idle in the hope that at some time in the future his stock will go up and give him an an_increased demand.” s The 'ldecgreud drought seriously de- | 71 pleted purchasing power in sections | 77a, most seriously affected, the trust com- | gy pany says, but. on the other hand, many | 301 sections were not touched, and, on the | ¢ore whole, better prices for farm products | 1iin | prevail. 23 “Viewed from the standpoint of the | gzgy entire country,” the survey adds, “it| o2 seems doubtful as to whether the ad- | ggiy 92 Crown W P 1et pf(7) verse effects of the drought will prove | ggy 70% Crucible Rteel (k) as severe as recent newspaper headlines | 117 104 Crucible of (1 have led us to believe.” w 4 Cuban Amer Bugar.. P 48 8% Cudahy Packing (4) 1264 105% Curtis Pubiish (16% 14% 6% Curtiss Wright Corp WALL STREET EXODUS it gy Cortizs Wrieht Cor FOR HOLIDAY BEGINS| 120 110" Cihmanwnt (13.0. 90% 556 Cutler-hammer(3%) Special Dispatch to The Star. % 24% Davison Chemical NEW YORK, August 28 —The holi- ,fi 146 Delaware & Hud (9). day exodus from Wall Street begins | 153 110% Del Lack & Wa (17). today, so Friday’s session may be quieter | "g0 45 Denver & RG W pf.. than the four preceding days. The | g4gx 139 Diamond Match (8). Street continues to believe the im- 9% 6% Dome Mines (1), ‘mediate trend is upward, but few 67 Drug Corporatn counselors advise buying securities now that are to be held for more than two months. Every endeavor will be made by the present political party in power to bring improvement into business and finance before the elections, the Street belleves. 3% Contl Baking (B) 50 Conti Can (3%) 50 Contl Insur (3.40). 3% Contl Motors. 18% Contl Oli of Del. . 16% Contl Shares (1).. 83% Corn Prod Ref(té%) 15% Coty Ine.... . 251 Cream of Wht(12%4). 10% Crosley Radlo amazing profit. FIRST MORTGAGE _LOANS on residences and business properties in the District of Columbia and nearby Mary- land suburbs . . . Lower Costs, Long Term (if desired), Valuable Prepay- ment Privileges . . . Three- yearloans on newer proper- ties without amortization —Wise investors, on the other hand, consider the present-day facts in an in- vestment—they look for a iteady, un- failing return on their capital—and they demand absolute safety for their prin- cipal. That is why so many of them have placed their funds in the 6 per cent First Mortgage Notes sold through Swartzell, Rheem & Hensey Company. N Y Afrbrake (3. N ¥ Central (8). N Y & Harlem (5) N Y State Rwys pt.. 2008 N Y Steam pf (§)... 30s N Y Steam 1st pf (7) 20s Noif & Western (10) North Am Aviation. North Amib10%stk) Northern Pacific (5). Ohlo 011 Co (2 01l Weli Suppiy 011 Well Sup pf (7). Oliver Farm Equip. . Oliv Fr Eq ev pt(3). Omnibus Corp. . Oppenheim Col (3. Orpheum Cir pf (8) Otis Elev. n(3%). Owens 111 Glass (3).. ik Pacific Coast. Pacifio Gas & . Pacific Lighting (3). Packard Motor (1 Pan-Am Petrolm. No matter how long or short the pull, these Notes have been at par for over 61 years and the interest payments steady and regular. Especially in times like these, you should keep your funds earning in such investments as these. . SWARTZELL, RHEEM & HENSEY CO 727 15 STR W, 121 114% Dupont 265% 175% Eastman Kodak (18) % 19% Eaton Axle & $ (3) 114% 56% Eleo Auto Lit . Loan Correspondent for “The Prudential” 108% 49% B Pwr & L.t (1), 100% 97% Elee Pwr&Lt pf (6). 4%, b . § 112 105 KI Pwr & Ltpf 7)., 4 110 - H. L. RustT COMPANY 79% 61% Rleo Storage Hat (5) 2 63% 25w Kris R R 1 1001 FIFTEENTH STREET NATIONAL 8100 ESTABLISHED Department Store Sal NEW YORK, August 28 (#).—July| m of départment stores in the New Federal Reserve district declined | month. ‘mon! cent from figures for the like last year and sales of chain stores showed a decrease of Wai < the New York 67w 390 Bl 12% © 88 30% 6% Rvans Au‘o Loading 895 Falrbanks Co pt Penney (4 C) 13). Penney (JC) pf A(6). Penn Dixie Cmt pf. Penna R R (4) 16 724 724 T2 T2% 'eople’s Gas, Chi (8) 2 2661, 266 26615 265 (Continued on Page 14.), 8 agen s ura . ‘business in the dis- 99 92 Filine's pf (8 98 98w 9% J WASHINGTON e e e oo 1% Piomeds ralbi o H