Evening Star Newspaper, May 8, 1931, Page 13

A &P APRLSIL e e *HOM SUBAT DRIP Tonnage Figures for Period, However, Indicate Larger Volume in 1931.. BY EDWARD C. STONE. Sales of the Great Atlantic & Pacific Tea Co. for the four-week period end- ing April 25 wete $85,160,278, compared with 137,203 for the same period in 1030 and is a decrease of $977,015, or 1.13 per cent. More s were sold during the April per in 1931 than in the same eriod a year ago, as shown in the esti mated tonnage figures. April sales, ex ressed in tons, were 454,479 this year, ompared with 398,211 in April, 1830, & §ain_in quantity of -merchandise sold of 55268 tons, or 13.84 per cent. Average weekly sales in April were $21,200,070, compared with $21,534,323 0, a decrease of 8214,254.11?;?6- weekly tonni les were 620, %pflfl with ”"A‘ba‘.ljn April, 1930, an |4 increase of 13,817 Lanston's Net §3.60 a Share. The Lanston Monotype Machine Co. peports year ended February 28, 1831, net income of $376,227, after deprecia- tion and taxes, equivalent to $9.60 & ghare (par §100) on 60,000 shares of | stock. This compares with $862,789, or | $14.38 & share in preceding fiscal year. | Balance sheet as of February 28,1 1931, shows total assets of $10,633,730, comparing with $10,702,948 on Febru- ary 28, 1530. and surplus of $4,557,740, against $4,532,592. Current accets amounted to $5,577,216, ‘al excluding $73,000 reserve for Fede: taxes, there were no current liabilities, the company | having no bills or accounts ayable and no fixed indebtedness. At Close :;‘g, tz{:& ceding, af current assef 435,519,795 and current labilitles $167,- 856. Now Alexander Brown Pariner. | Admission of Alexander Brown Gris- | wold into full partnership in the in- vestment banking firm of Alexander Brown & Sons was announced today at the firm's local office. Mr. Griswold is the direct descendant in the sixth gen- eration of the founder of the Brown firm, it “was stated. The various heads of the partnership since the founding have been Alexan- der Brown, who. founded the firm in 1800; his son, George Brown: his son, George Stewart, Brown; the latter's son, Alexander Brown, whose daughter mar- Tied B. Howell Griswold, jr., the present head of the firm. - Young Mr. Griswold has been in the employ of Alexander Brawn & Sons for come time past in the head office in Baltimore, Banker Assigned to Geneva Duty. W. R. Willoughby, assistant to Presi- dent Joshua Evans, of the District National Bank, has appointed by 4 the Chinese Government as honorary secretary to the delegation which that ent is sending to the interna- tional conference to convene on May 27 at Geneva, under the auspices of the League of Nations, and which has for its purpose the drafting of a treaty to be signed by all the nations of the world for the limitation of amounts of narcotic drugs to be manufactured and for the more_effective control of the interna- tional traffic in such dmv Mr, Willoughby will also assist his father, Dr. Weste] Woodbury Willough- by . and both will sail from New York tomorrow. Dr. Willoughby will act as counselor and technical advisor to the S o ok p - to! e r capacity af rier in- ternational confere: " Fnsurance Meet Great Sliecess.” *“Planning your work and working your: plan” was the central theme of discussions of the Thirteenth Annual C of the District of Columbia and ‘Maryland Life Underwriters’ As- sociations yesterday at the Shoreham Hotel. More thar 400 " life insurance men heard national experts in the pro- fession discuss modern methods of salesmanship, sales prospects under present economic conditions, prepara- tion of sales talks, presentation of logi- cal sequence of ideas and selling under trust methods. Harold D. Kraflt, general chairman, openéd the morning session and an ad- dress of welcome was delivered by Pre: ident John H. Snyder of the local or- ‘ganization. This ‘was followed by a speech of greeting by Herbert L. Davis, superintendent of insurance, District of Columbia, and by addresses by Arthur associate editor Diamond Life Bulletin; Jerome Clarke, superintendent of agencies Union Central Life Co., Cin- cinnati; Valiant W. Keeney, general ‘llfl!l of the Connecticut Mutual Life Insurance Co. of Boston, and Joshua Evans, jr.. president of the District Na- tional Bank, who extended greetings on behalf of Washington bankers, stressed the value of life insurance and spoke of the interest life underwriters are now taking in the Better Business Bureau. Speakers at the afternoon session | ‘were. Ralph G. Engelsman, general egent Penn Mutual Life Insurance C New York: Vincent B. Coffin, educ: tional diretcor Penn Mutual Life Insur- ance Co., Philadelphia, and Roger B. Hull, managing director and general tional Association of Life Building Association Director. Clyde H. Miller, heating engineer, as- sociated with Rome Radiation Co. was pciected o director of Washington Per- manent Building Association at the an- nual meeting of stockholders to succeed the late Henry H. Bergmann. All other officers and directors of the association, | which recently celebrated its fiftieth an- niversary, were re-elected | They are E. J. Sacks, president; John Henderson, vice president: C. J. Berg- mann, treasurer, Hermann H. Berg- mann, secretary: John Waldman, € Ramling, John H. Clipper, James R Ellis, C._ Chester Caywood, Max Walten Joseph N. Saunders, directors. X Heard in Financial District. ta It was an unusually notable gather- ing of local bankers who atiended the funeral of 1. A. Fleming ut All Souls Episcopal Church, Cathedral avenue, at | J11 oclock this morhipg. The horiorics pailbearers were il bankers, the Dis. trict Bankers' Assoclation w. clnlly | represented, &s- was thg Washington | Stock Exchange. Contractors: from all parts of the United States are in atléndance ai the | Spring meeting of the association. which | belng held 1 the Washington Hote! nd which 15 % cover tomorrow and ssue of a m:nth!y current urvey published by the District ' -second birthday ceiving many hearty congratulations. | Edward R. Stettinius, elected a vice president of General Motors Corpor- | ation, is & son of the late Edward R.| Stettinius, former Assistant Secretary of War and member of the firm of J. P. Morgan & Co, Bpeyer & Co, the National Oit; Co. and J. & W. Seligman & Co. have purchased from the Greek gov- ernment, $7,500,000 of its one-year 5'; per eent secured treasury notes, -due | ay 5, 12, which have 1 s, h been placed TREASURY BILLS ;éAIN ‘ ARE OVERSUBSCRIBED By the Associated Press. ‘The $50.600,000 issue of Treasury bills to be dated May 11 yesterda: heavily oversubscribed. ™ il Secretary Mellon announced that the total amount tg::lln for was $291,600,- amount accepted yesterday. " Note—All stock are sold in one lots - thase designated by {he letter s.(808) (2505), - se stocks were sold in odd lots. which shows tho: —Pr High. 1w 2314 23% ns T 109% 10% 15% 12% 59w 464 182% 2% 63 120% 48% 48N 14% 1% 0% 30 64 26 39% 64% 102 85 21% 1% B84 102% % 4 A% 13 80 4% 2% % 287% 20% 95 203% 108% 120 63% 28% 18% 295% bl% L3 2% 104% 87% 0% % 7 123! 20%. {4 129% 36% 15 20% 85 2% 2 20% 69% 63 43% 11% 1043 17% 45% 1094 16% 111% 28% 35% 285 34 109 2118 12 100% 105% 16% 3 48 100 41 23 22 101 110 3 608 Y8Y 108% 66 41 13 49 6% ,-42% Am Sugar Ret (5). (B34 BEly: . 8B% BEIymMa THE EVENING STAR, WAS YORK STOCK EXCHANGE * Received by Private Wire Direct to The Star Office. 1931 Stock and Bares— Low. Diyidend Rate. , Add 00. High. 51 Abitibl Pow & Paper 2 B 1474 Adams Exp (1.60)... b2 18 Addressogr Co 1.40 $% Adv Rumley (new) % Ahumada Lea 77% Ajr Reduction ( 3% Alr Way Elec Appl 7 Alaska Juneau (40¢ 6% Alleg Corp. 33 | Alleg Cp §30 ww 5%, 34% Alleg Steel (12.80)... 1164 Allied Ch & Dye (né) 78 2615 Allis Chalmbers (2).. 14 1215 Alpha Port Camt (1). 62 Am Bani'Note pt (3)110s 215 Am Beat Sugar...... 4 28% Am Br Shoe (2.40)... 6 Am Brown Bov Elec. 31 AmBrBED! (1).... 2 104% Aim Can (16). 191 Am Car & Fdry 68% Am Car & Fdy pf (1) 2115 Am Chain?). 384 Am Chicle (13). 5% Am Comcl Alcohol. 26% Am & For Power. 56% Am & For Pow 2d pf. 1015 Am Hide & Leath pf. 47 Am Home Pr (4.20) 12% ‘Am International % Am La Fr & Foamite Am Mch & Fdy 1.40.. 104 Am Nat Gas pf 8914 Am Pow & Lt (31). 94’ Am Pow & Lt pf (8). “78% AmP & L pf A st (5) 18% Am Ra&Std San 60c., 244 Am Rolling Mills. ... 48 Am Eafety Razor 6 Am Seating. % Am Ship & Com 35% Am §m & Ref (4 981 Am Sm & R 24 pf (6) + 37 AmSnuff (13%).... 1% ‘Am Solv & Chem. + 17% Am Steel Fdy (3) 410 Am Steel Fdy pf (7).1208 1 207 9 104% Am Tobacco B (16) 124% Am Tobacco pf (8).. 106 Am Type Fdy pf (T). 52% Am Water Wks (3).. 54 Am Wat Wks efs (3) 22 Anaconda W.&C (1). 24 . AnchorCap (2.40)... 38% Armour of Del pf (7) 2 Afmour of II1 A, 1% Armour of Il B.. 3% Arnold Constable.. F% Asso Apparel (12) 19% Asso Dry G (2%) 85 Asso D G 1st pf (6) 1644 Atch To & S Fe (10).. 1024 Atch To&S Fe pf (5). 86 Atl Coast Line (110). 43% AtlGuif & W I pt (5) 1215 Atlantic Refining (1) 2i 8% Atlas Stores (n1) 1 101% Auburn Auto (f4) 51 Austrian Cred (3. y A S 3 Aviation Corpaf Del 19 16% Baldwin Loeo (1%).. 9 881 Baldwin Loco pf (7). 10s 58% B 29 Bayuk Cig 1st pf ( Beatrice Cream (4)., 2 Bendix Aviation (1)." 30 Best &C0 (2)..... 0 Bethlehem Steel (4). Bethlehem St pf (7). Bloomingdale Bros.. 9 Bohn Alum & Br 1%. Bon Ami (A) (4). Borden Co (k3)....u Borg. Warner (1)... Botany Con M (A). briges MIg (11%). Briggs & Strat (2)... nyMan Tr (4)... 26 ' pL6). 106% 16% 20% 64% 8 BRyR& 103 Bklyn Union Gas 32% Brown Shoe (3) 8 Bruns-Balk-Col 12 Bucyrus (1) 3% Budd (E G) Mfg. 714 Budd Wheel (1): 4 10% Bullard Co 91 Bulova Watch (1% 22" BurnsBros cum pf. 21% Burroughs A M t1%. 1% Butte Copper & Zine. 12% Butterick Co. 33% Byers (A M). 2015 Calif Packing (2).. 32 Calumet & Arizona, 7 Calumet & Hecla. 29% Canada Dry G A (3) Canadian Pacific 1%+ 125 Case (J 1) (8) .. 765 Caterpillar irac (3), 45 Celanese Corp 3.8 ‘Cent Aguirre As1%. Century Rib Mills. c0 (1.50). Mfg. Ches & Ohlo (2%). Chesapeake Corp (3. Chi & Altor pt . ). Chi M1l St P & Pac. Chi M}l St P& P pf. Chi & Northwest (4). Chi Pneu Tool o Chi R I & Pacific (5). Chi R1& P pt (6) Childs Co (2.40) Chile Copper (1%) Chrysler Corp (1) City Ice&Fuel (3.60). Clark Equipment (2) Cocoa-Cola (1734). 101% 9 20% 1004 ™ 65% 15 31% 20 Col Gas & El pf A olumbia Graph 56 Columb Carbon (§).. Comel Credit (2).... Comecl Credit A (3) 1 Comel Cred pf (1%). 408 Comm Inv Trust (2). - 6 Comel Tnv Tr pf (7). Comm Solvents (1) Comwlth&Sou (40¢) . Cmwith & Sou pf () Congolenm-Nairn Consol Cigars (5) Cotsol Cig pr pf & 23 108% 108 12% 59 8 94 1'% 13 6% 17 26'% Consolidated Film. .. Conso! Film pf (2). Consol Gas N Y (4). Con Gas of NY pf(5) “onsol Laundries (1) fhainer B Contl.Baking A Contl Baking pf (8)., Contl Can (2% ) Contl Dia Fibre (1).+ Contl Insur (3.40). Contl Motors. .. ntl Ol of Del 13% 101% Bha rn Prod (13 Cuban-Amer § G Cudahy Packing (4), Curtis Publish (4) ... rtiss Wright Corp P Driaware & Hud (9). Del Liacka & Wn (4). Detroit Edison (8§ Diamond Match, Dome Mines (1)..... Domn Stores (1.20).. Drug Corp (4). Dupont de Nem (4).. 156 i P de N.Aeh of (6) 2 Sunah lKodak (18) 52 saton Axle (1 60)... 59 citfnzton Sehild e Auto Lite (§ c Boat. . seo -1 Elec Pwr & Lt (1)... 247 lec Pow & Lit pf (§) Eleo Pow & Lt pf (1) Elec Stor Bat (6) Endicott-John (§)... Endicott-John'pf (1) ol Eng Pub By (2.40)... 4 a5% 284 Bq Offige Bldg (3 %) 18 - 98% hundred share Low. Close. % 5% 15% 20 43% % 111% 111% 20 20 Prev. Solteigite 8 66% 105% 13% Ity 12% 51 55 10 40 40 21% 284 41 80 an | 4% | 22 ~Prev. Righ. 39% 126 128% 1% 101% 87% 101% 61 407 10% 10 83% 94 £ 2914 217 11 0% 1031 Stock and Bates— Low. Dividend 23% Erie RR. RR 1 Fairbnks Morss 1.60. Fairbanks M pt (7).. 10s Fed Lt & Tr pf (6).. 208 Fed Wat Sv A (2.40). 10 Federated Dept Strs. 5 Fid Ph Fire In (2.60) 18 8Dt (6%)....1608 T&RDpf (8). 3 First Nat Strs (3%) - Fourth Nat Invest. Fox Film A (4) Gamewell Co (5).... 108 Gen Am Tank Car(4) 100 Gen Asphalt (3) 15 Gen Baking (2 Gen Bron: Gen Cigar Gen Eleo (1.8 Gen Elec spec (80¢) .. Gen Foed Corp .. Gen G& El A (e30c). GenG&Elevpf (8). Gen Motors (3). Gen Motors pf (5)... Gen Pub 8y bé% stk. 8 9% Gen Ry Stgnal (5)... 1 Gen Ry Signal pf (6) 1008 Gen Realty & Utll... 8 Gen R& Ut pf (e6).. Gen Refractories (4). Gen Theater Equip.. Gillette Saf Rasor... Glidden C». . Glidden pr pf Gobel (Adolf). Gold Dust (2%) Goodrich (R F)... Goodyear Tire&R(3) Goodyear 15t pf (7).. Gotham Silk Hoslery Graham-Paige . . Granby Consol (2).. Grand 811 8trs (h1) .. 75 Grand Stores pf (6%, 10% Grand Unfon......ee 25% Grant (WT) (1)eeea | 56% Grt North pf (5)eecer 19% Grt Nor Ore (2). % Guantanamo Sugar. Hacken Watpf A 1% 208 Hahn Dept Stores... 6 Hahn Dpt St pf (%) b Walk Ref (2).. Harbison W pf (8).. Houdaille Hershey.. Houston Ofl. ) Houston O1] (new). Howe Sound (3).. Hudson & Man (3%). Hudson Motor (1) Hupo Motors Tllinois Central (4).. Indian Motor Cyel: Indian Refining. Indust Rayon (4). .. Ingersoll Rand (16) Inland Steel (2%)... Inspiration Copper. . Insuranshar Del 40c. Interb Rap Transit. . Intercont Rubber. Interlake Iron (80c). Int Bus Mach (n8). .- Int Carriers (37%e). Int Cement (4) Int Combustion. Int Harvester (2% ). Int Hydro E1 A (e2). 7 53% 2% 2% 26 1156 4y LY Marine (1).. Int Nickel (§0¢)..... Int Nick Can pf (7).. Int Paper pf (1). 2 Int Paper & Pow C. Int Pap & P of (1) Int Rys Cent Amer. . Int Salt (3)... . Int Shoe (3). Int Bilver pf (7) Int Tel & Tel (2) Inter Dept Strs (2).., Inter Dept 8t pf (7). 39% Jewel Tea (4)... 118 Johns-Manv pf (7).. 20s 118% Jones & Laug pf (7). 408 1% Jordan Motor Car... 159 K'mann Dept Strs (1) 2 S on un £ ELEE =PI TP ISR TRV (PN Kelly-Spr T DL Kelsey Hayes (2). i Kelvinator Corp....» Kennecott Cop (2) Kinney (G R) Co. .4 Kinney (GR)Co pf.. Kress (8H) Co (J1).. Kreuger & T (21.60). 103 Kroger Groc&Bak(1) 329 Laclede Gas pf (5).. 108 Lambert Co (3)..... 7 Leh Port Cmt pf (7). 10s Leh Valley (2%). 100 7614 9% 4 24 11% Lib Ow Ford Glass.. 77% Liggett & Myer (15). Li~g & Myers B (15) Liquid Carbonte (3). Loew's Inc (3) Loew % Loft Ine Loo! 1 Lorillard (F) Co.... Lorillard (P) pf (7). Louisiana O1l. . . LouG&EA (1%).. Ludinm Stee! MacA & Forb pf (6 McCall Corp (2% ) McCrory Stores A( McCrory B (2) 26 McGraw-Hill (2). 20% Melntyre Pore M (1) 71% McKeespt Tin P(15). 11'% McKesson & Rob /1) 2914 McKes&Rob pf(3%) 614 McLellan Stores 27% Mack Trucks (3) 81l .\|ur~,\-lRH)hf'nlnl}. 15% Magma Copper (2).. 20 ManElevm®". 7% Manh 185 Marine Mid (1.20) % Market St RY 19% Marlin-Rock: ) 231 Marshall Fleld (2%) 22 18% Mathieson Alkall (3) 3 28% May Dept Strs (24). 8 28 Melville Shoe (2). 2 108 Mexican Seaboard 8 Mid Continent Petm 17 Midland Steel (3).... 5 104 MIIEIR&Ltpf (6). 408 38 Min Hon'w Reg (1), 1 onsanto Ch W(1%) & 2 ontgomery Ward. . 425 Morrell & Co (4.40).. 2 urruy Corp- ... Nver oF 1) & Rr (2 270 Nash Motors (4).... 41 Nat Acme (80¢) 18 Nat Biscult pf (1) Register A, 60 Newton Steel. ..ve o N Y Central (8)....0 NYChi&StL(6).. 178% Norf & West (113 4% North Am Aviatiol 62 Nor Am (b10% stk) (Continued on Page 14J, ” NGTON, D. C., FRIDAY, MAY 8 1931 STOCKS G0 UPWARD (BROKERS DISAGREE Add 00, High. Low. Close. Close. 20 ) 22% Prev. 23% ' | l]amb, 20a22: pork loin IN ACTIVE TRADING Irregularity of Early Hours Gives Way in After- noon Activity, & BY GEORGE T. HUGHES, Spectal Dispatch to The Ster. NEW YORK, May 8—In one of the most interesting and animated contests the stock market has seen in months, \'};wry went today to the constructive side. ‘The morning Irregularity gave way after midday to a broad upward move-l ment, in which even the stocks under nre}ssura at the start participated more or less. Call money went officially to 1 per cent in the afternoon, the lowest since March 20. Prior to that date money had not loaned so low since June, 1915. The buying side got the upper hand in the fourth hour and the whole list turned strong. United States Eteel and American Can regained all of thelr early lossex and were selling at net ad- vances on the day at this stage. Shorts in Westinghouse Electric made haste to take in their contracts. The oils did better, Standard Oil of New Jersey re- tracing all its lost ground and covering making itself felt in Texas C ration. The earlier leaders, General Motors and Woolworth, were buoyant. Large blocks of both were teken at the best of thi nvement. American Telephone moved up and International followed. Lorillard ‘oined the other tobaccos on the 2dvance, while the mail order stocks h the store sheares. were quiet, but there was no re- currence of the morning weakness. % | toms, 20a22; Consolidated Gas, American & Foreign Power and American Water Works were prominent among utilities. In short, it was the best rally the market has en- Joyed for weeks. The feature of the day was the way in which the general list dissociate itself from the weakness in United States Bteel, American Can and its previous ot bring- ing any liquidation into other issues. On the contrary, merchandising stocks were very strong, with Woolworth in urgent demand at the highest of the year. Selling above $70 a share, it Wwas less than 3 points away from the best price ever recorded for the present $10 par shares. Other store stocks followed the lead of Woolworth. Macy ran up 3 to 4 points on a very moderate turnover jand there confident buying of W. T. Grent and of Kresge. Tobacco stocks were strong, American Tobacco issues making up the dividend that came off the price today and forging €till further ahead. Reynolds Tobacco class B was in favor. (Coprright, 1931) Washington Produce Butter—One-pound prints, 29; tub, 28. Eggs—Hennery, 17; current receipts, 186. Poultry, alive—Turkeys, hens, 24a25; ; Bpring broilers, 36a40; | Leghorns broilers, 30a35: Winter chick- j ens, 30a32; hens, 20a22; Leghorns, 18; roosters, 12a14; ducks, 15; keats, young, 75a80; old, 40. Dressed—Spring broil- | ers, 45, Winter chickens, 38a40; hens, ilfi; Leghorns, 22a23; roosters, 16; keats, young, 70a80; old, 50. Meats—Beef, 12'5a14; veal, 12al4; 21; fresh hams, fresh shoulders, 14: smoked hams, moked shoulders, 12!2: strip bacon, : lard, in packages, 12; in bulk, 11. Live stock—Hogs, heavy, 6.50a7.2! medium and light, 7. 7.50; roughs, 4.00a5. 8.50; Spring lambs, 10.! Strawberries, .50 100, 3.00; grapefruit. 2.75a3.00; grapes, Argentina, white, 3.25; pineapples, 4.00a 4.50; apples, bushel baskets, 2.00a2.50: box stock, 2.35a2.75; rhubarb, per dozen bunches, 35a50. Vegetables—Potatoes, new, per barrel, 5.5026.00; old, 120-pound sacks, 2.60a 2.75; Idaho bakers, 100-pound sacks, 3.00; sweets, 1.75a2.00; cabbage, 1.25; kale, 50; spinach, 50; cress, 1.25; toma- toes, Mexico, 5.50a6.50; Summer squash, 2.5082.75; peas, 1.75a2.25; string beans, 2.5083.00; caulifiower, 2.50a3.00; cucum- bers, 4.50; beets, crates, 2.50; carrots, crates, 2.50; mushrooms, mostly 1.00; % | asparagus, 3.50a5.00; celery, 3.00a4.00; 23% 38% 101% 784 48 28% 19% £0 80% 28 43% 1% 5% 50 18% 96 2% 30 10% lettuce, Iceberg, 4.50; South Carolina, ;,g:n%:g; r;g].;hu. yw;' 100 bunches, .00a2. ng onions, 100 bunches, 2.00a2.50. 2 CHICAGO DAIRY MARKET. CHICAGO, May - 8 (#).—Butter, 11,134; steady; prices unchanged. Eggs. 25,006; firm, extra firsts, 16%; fresh graded firsts 15%; current receipts, 13%,a143; storage packed firsts, 17%; storage packed extras, 17%. Poultry, alive; hens firm, broilers easy: 3 cars, 30 trucks; fowls, 17a18; broilers, 32a37; roosters, Y2 turkeys, 20a23; old ducks, 18; heavy Spring ducks, 21; geese, 9. DIVIDENDS DECLARED NEW YORK, May 8 (#).— Liguidating. Hldrs. of record. Due May 15 Deferred. Federal Chemical.$1.50 Q Due May 1 Belden Mfg Co... 10 Belds-Corl Ltd May Lt Ma Cent Il P 816 Do. P Mf Manischenits ( Nat Bl Trust _(Phila) oneltaKuit Milis i Do. Unit Screw & B A B.. b U8 Cupita Cumberland Pipe Line ... Newporl 'Co. Do. A, Ulen & Co. Waitt & Bond A Consolidated Pa Co.10¢ May Dept Biores. 63's¢ NEW YORK, May 8 (P).— 1.78 Company. Amer Smelt & Ref of Ji . 24 pr. T Dry 2d »f Bros Tob: & Pitts RR’ Do. spec gusr Commonwlith & 8ot 5 h Corp 61a% - pi. & Pac Ten. Bluch Cle: Food Mac! Gt_Atlantie . i Hamilton Do pf epak=oETa DODOOODOBOOZLOODOROORODOLDO0OOD! F 333 = 3 ON MARKET TREND Good and Bad Results Both Seen as Result of Cheaper Money. By the Associated Press. NEW YORK, May 8.—Some broker- age houss statisticlans recalled today that previous cuts in the rediscount rate here had been followed by breaks in the market, but it was pointed out in general that the reduction carried little significance for stocks unless it should be the signal for a drive against the shorts. Opinions Includ Shields & Co.—If relieved from the ouiside rumors, the market again should show a rallying tendency that would bring in some covering. Until these rumors are quieted, however, there w be llltleflp!‘ofl'. in following such inter- mittent flurries as experienced. Benjamin, Hill & Co—A rally from these Jevels, even if it is merely a temporary trend, is probable. Techni- cal conditions alone warrant it as ints of resistance are apparently be- established. Redmond & Co.—The market is still pessing through a readjustment process. There is as vet no definite indication that the downward trend has been defi- nitely checked, although the action of the general market in the face of the weakness of Steel and Can’ indicate that we may be in a périod of tempo- rary stabilization, or laying the ground- work for & moderate recov pending further light on second quarter earn- i However, no eral and sus- tained advance is likely end extreme selectivity 1s necessary in the purchase of stocks at this time. Jackson Bros., Boesel & Co—A lift- lxualt.hevuuuram-mdmfl S0 Eiidaion oud propabty stm: lon y stim- ulate s moderate rally in stocks har- w‘m short interest. Impor- tant orders for investment ac- count are on a scale down, and hurried buying is not apt to be in- duced as long as the 1 atmos- phere is surcharged with rumors that much ~ additional forced liquidation must be met. Hornblower & Weeks—We feel the reduction of the rediscount rate is of real significance to the investment market, since it practically assures a protracted period cf abnormally easy money in spite of the soldiers’ bonus, Treasury deficits and other govern- mental vicissitudes.. The last two days the highest-grade bonds have been moving forward, and we believe these advances will be continued in today’s session and normally lay the founda- tion for at least an intermediary re- covery in the market at this time. Otis & Co—At the present time we find it difficult to welcome the 13, per cent rediscount rate with any ‘en- thusiasm. We are afraid that it may touch off a final wave of liquidation as artistic balance against the advance during the last three weeks of August in 1929, Smith, Graham & Rockwell—Busi- ness conditions are unfavorable and the outlook suggests that stock prices have not finished their downward First Trust Money fl-nnl‘cn == tion of Yowu A. C. Houghton & Co., Realtors 1516 H_St. N.W. Distriet_7536- Money to Loan Secured by first decd of trust on real sstate al i T 50 Wash, L. & Trast Joseph L Weller &.""% % & Swt REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD B o 10 Seare, If 50 destr K St. N.W. National 0478 Investment $6,000 nece Returned _if a Write for appointment. 414 Southern Building, future. Service to Washington for Over Forty Years record of which we -are . “The National n its lons friendly service, usands_in attaining they could not, or t_ otherwise have are happy 1o 10 id objectives not_ o We serve you. Open Daily, 9 to § Saturdays Until Noon NAtional 1381 949 NINTH ST. NW. " FIRST MORTGAGE SECURITIES Yielding a Steady Income of 6% '}:‘efl n;mmehu—no%-fluflu- ating, s safe an income of 6%. Sponsored by this corporation, and secured by direct on properties here Capital. Let us Pirst Mortgage in the Nation's our current send you a list of offerings. Denominations as low as $100 Monthly Payments if Desired Send for Booklet, “The Success Plan” i K!m-;ull-nlhl-u-u First Deed of Trust 643 Louisiana Ave. N.W. DIS COLUMBIA REAL ESTA' SECURITY . fiEGOTlA'flNO through us for & First Trust consideration—whether for apartment house, office building, residential or business property—located providing the funds. The term may be for 3, 5 or 10 RANDALL H,HAGNER & COMPANY ’ MoureAGE Loan CORRE SPONDENT T e D T T T JOHN JOY EDSON, Preiident ~ WALTER S. PRATT, Jr, Secretary Subscription for the 100th Issue of Stock Being Received or to Take Up First Mortgage? 'rHOSE desiring money to purchase a home, ree courteous attention. Loans Repayable Monthly Loan will be attended by no embarrassment, We'll take your application under prompt e > M B oy appeoved there oill Do 5o Pty B8 . 1 ty;::tp:fn?d—cnd at the modest ln: 5 /2% 1321 Connecticut Ave. Decatur 3600 . ... % ’ Equitable Co-Operative Bldg. Ass'n Organized 1879 51st YEAR COMPLETED 7 D o DO You Desue a Loan —on Real Estate B AR e s No Brokerage .. . No Commissions 915 F ST. N.W have plenty funds for loans on improved Real Es- tate in nearby Montgomery County, Md., and the District of Columbia for periods of 3, 5 or 10 years, Prompt decisions given applications. 5l 7% BOSS and PHELPS Realtors YUNDI 1907 1417 K 5t. N.W. Loa! ‘orre: 3 Jonn Hanceck utuel Eije insurance Ca. Unusual at $1975 For Home or Office Genuine Leather FOURTH FLOOR, REAR, W.N. Moses & Sons F St. at Eleventh FIRST MORTGAGES IF YOU ARE INVESTING FOR *A PURPOSE You'll find- it served most successfully by our 6% FIRST MORTGAGES —for the reason that you are able to figure definitely upon the return. It'll be 6% to the end of the term of the mort- gage—with the principal re- turned intact at maturity, You can increase this Invest- ment from time to time out of income — purchasable in amounts from $250 up. B. F. . §AUL:- CO. ational 2100 925 15th St. N.W. Ower a Third of a Century Without a Loss