Evening Star Newspaper, July 2, 1931, Page 13

s A N FINANCIAL., First Mortgade Laa:n Applications BY CHAS. P, SHAEFFER, Gen Am Investor: Gen Am Tank Car(4) Gen Asphalt (3)..... Gen Baking (2) 13 Amal Leather pf 3 15% A 2 elected chairman of the safe deposit e R section of the District of Columbia 54 Am Bank Note pf Bankers' Association for the coming ;V' fim geusn;;: year, succeeding Frederick H. Cox, 31 AnBrEEDE(T: cashier of the Commercial National. 92% H. W, Ireland, American Security | 162 148~ AmCanpt (T).... " : m Car & Fdry (1) & Trust Co. was clected viea chair- T e AL man at the annual meeting and Earle 15 AmChain2).. 3 THE EVENING STAR, WASHINGTON, D. C. THURSDAY, JULY 2, 1931 FI | ' Rochester Gas & Electric Corporation ‘ $10,000,000 3 per cent, gold notes, dated | Note.—All stocks are sold In :b:chl‘:;ln(d. .-'l;-::'x EmrevamLy sbeand | July 16, 1931, and maturing July 1 ! excepting those designated by s . v 3 ! , pr par, by Chase, Harris l»Frevflul-\ muwcl ana i ;: ];:5 Fairbanks Co 108 9 } Forbes Corporation. 0 “3is Abitiv Pow & Paper g e ‘ i H | | Fed Lt& Tr (31%).. i j T'[15, 1931, due November 15, 1932, . G C » P List Weakens in Last Hour|is. 131, aue Novemn r 15, 1092, priced C. C. Expected to Put It 1 11% 4% Adv R ley ( ).o i i posit Section Succeeds | 11 4 &dvRumiey em) Eid Ph Fir in 2.60) as Buying Orders Lower Freight Charges 204 7 Alaska Juneau (40c). B oot o g s alg L —_— 5914 204 Alleg Cp 330 wwb%. 2 3 2113 Foster Whee CAI'I'ED BONDS |cE BY EDWARD C. STONE. A ey 3249 2015 Fourth Nat Invm BY GEORGE T. HUGHES. i Assoefated Press Financial Writer. Special Dispatch to The Star. Speedy action by the Interstate Com- tive firmness, but great inactivity, the | p vl peger Mod B e e by Glover & Flather stock market closed slightly lower to- ¥ ptions Mod- | e revised rates, estimated by mem- | ; : arn. | 1508 H St. N.W. ¢ Caaa s s s NEW YORK STOCK EXCHANGE | (STOCKS DEPRESSED ... """ __IDECREASE IN RATE . NEW YORK, July 2 (P)—New se- s High. Low. Faicbnks Mol Western Utilities Corporation $2,500,- I 23% 11% Adams Express (1). iederated Dept Strs. more than 6 per cent. by a group head- 1 -‘ d ¢ nvited a F. H. Cox. #4 5 Albany Wrap Paper. e Thanss Decline. Into Effect Soon. Joseph D, Yerkes, Federal-American 1:\ e o1 3 38% 11% Fox Film (A) (2%3). FIGURES I.AST YEAR ose . Yerkes, Federal- NEW YORK, July 2.—Weakening in merce Commission towerd putting into | day. ‘There was no particular pressure bers of the commission to reduce earn- National 1753 erate in June. Recelved by Private Wire Direct to The Star Office, curities offered today include: UN GRAIN ”KEI.Y - Fairbanks M pf (7) 000 5'c per cent gold notes, dated May New Chairman of Safe De- 32% 224 Adams M/l (2).... Dl sl o) ed by the Central Tllinois Co. 12% 4% Alleg Corp, ..... s g S y f Alpha Port Cemt (1). 5 5 F ;;'_' el % 5 2 9 National Bank & Trust Co., has been _— the last hour, after a session of rela- | Half-Year Reports Reveal Much |cflect lower freight rates on grain fs to sell, but there was no buying inter- ings of Western railroads by $15,000,- 000 or more a year, were or est either and the list gradually sagged b4 dered Jast July 25 after & long investigation. | toward the end. NEW YORK, July 2.—Bond issues |mission decision, the rates were ordered | Gen Elec (1.60). . Bpecial Dispetch to The Star. Under the Interstate Commerce Com- | The trading lacked feature, unless the | called in whole or in part in June of |into effect on October 1. However. son Gen Elec spec (60c). Gen Focd Corp (3).. n G & Fl A (e30c). M. Amick, Riggs National, secretary. 8814 Am Chicle (13). Previous to the election of officers, the following were elected members of the executive council: J. M. Boteler, National Savings & Trust Co.: Earl M. Amick, Prederick H. Cox, H. W. Ireland and Joseph D. Yerkes. The council organized at once by electing the above officers. ‘The annual report presented at the Hot Springs convention showed that this section had a very active year. Many matters of special Importance in safe deposit work were discussed, sev- eral safe deposit men from Baltimorc and Philadelphia presenting their idoas on safe deposit matters at the mect- ings held here. [ Made Assistant Trust Officer. President George W. White of the (ational Metropolitan Bank announced téday that Miss Winifred S. Burwell was elected assistant trust officer at a meeting of the directors late yester- day. Miss Burwell has been with the bank About seven years, having had con- siderable banking experience in Cleve- land before coming to Washington. She also engaged in banking m Bos- ton for a time. She is an_active member of the Washington Bark Women's Club and @ leader in Washington Chapter, Amer- ican Institute of Bankinz. She is at present chairman of the Women's Com- mittee and a_member of the board of governors. She has taken practically all the banking courses offered by the institute, always being accorded high scholarship honors Insurance Stockholders to Meet. A special meeting of the stockhold- ers of the Firemen's Insurance Co. of Washington and_Georgetown. has been called for next Tuesday at the offices at 303 Seventh street northwest, to consider a plan to broaden the charter and make possible an increase in capi- tal stock. The company wishes to broaden the acope of its insurance so that it may| write aviation insurance and several| other policies which the present char- | ter does not permit. Officials of the company said today they do not plan to increase the capital at this time. . While asking Congress for broader in- surance powers, they have included the capital increase request in order that they may increase the capital at some | future time if so desired. | Amer Col'type (80c). Am Comcl Alcohol. 11 Am & For Power.... 469 Am & For Pow 2d of. Am Home Pr (4.20).. Am lce (3).. AmP&Ltpf A (4).. Am Pow & Lt of (6). Am Ra&Std San 60c. Am Rolling Mills. ... Am Shipbuilding (5) Am Smelt Ref (2)... Am Sm & R 24 pt (6) Am Snuft (13%).... Am Snuft pf (6)..... Am Stl Foundries(1) Am Stores (12%)... Am Sugar Ref (5) Am Tel & Tel (9). Am Tobacco (16 Am Tebacco B (16 Am Tobacco pf (8). Am Water Wks (3).. Am Wat ¥ 1st pf (6) Am Woolen. Am Woolen pf - Am Zinc Lead & Sm.. Anaconda Cop (1%). Anchor Cap (2.40)... Archer Danfels Mid. Archer-Dan pf (1) Armour of Il A, Armour of 11l B. Armour of 111 pf. Arnold Constabl Associated Appare Atch To & S Fe (10). Atlantic Refining (1) Atlas Powder (4) Atlas Powder pf Auburn Auto (£4) Autosales. Autosales p .. Aviation Corp af Baldwin Locomotive Baldwin Loco pf (7). Balto & Ohio (5).... Balto & Ohio pf (4).. Bang & Aroos pf (7). Barnsdall (A) (1)... Bayuk Cig 1st pf (7) Beatrice Cream (4). Belg N Ry pt pf 14.32 Bendix Aviation (1). Rest & Co (2 . Bethlehem Steel (4). Bethlehem St pf (7). n Gas & Elec B e30 n Mills (3) Gen Motors (3)..... Gen Motors pf (5). Gen Outdoor Adv. Gen Out Adv A (4). Gen Pte Ink (2%). Gen Ptg Ink nf (6) Gen Public Service Gen Ry Signal (5). .. Gen Ry Signal pf (6) Gen Realty & Utll... Gen Refractories (4) Gen Theater Equip.. Gillett Gillett Gold Dust (23). 4 Goodrich (R F),. Goodrich B F pf (7 odyear Tire&R (3 Goodyear 1st of (1).. Gotham Silk Hoslery Graham-Paize...... Granby Con Min (1), Grand 811 Strs (h1).. Grand Stores pf (6% % Grand Union.... Grand Union pf (3).. ¢ Grant (WT) (1). Great Northn pf(4) 3rt Western Sugar Grt West Sug of (1). Grieshv Grunow. Hackensack W (1% ) Hahn Dept Stores. .. Harbison W pf (6) Hawalian Pineap (2) 208 Hercules Mot Co R0e. Hershev Choc (5). Hersh Choc pf (15) 4 Hollander Sons Holland Furn (42 Houdallle Hershey Houston Ofl. Houston Of] (new) Howe Sound (2). Hudson & Man (3%). Hu ntral (4) dust Ravon (4). Ingersoll Rand (4) Inspiration Copper Tnsur Shrs Md (40c) .. Interb Ran Transit. . Interlake Tron . % Int Agricultural Int Bus Mach (n6) .. Int Carriers, Ltd 50c. Int Cement (4) . Int Comb Eng pf Int Harvester (2%).. Professional opinion was inclined to the selling side and that the reaction did not make more headway than it did was reassuring. The turnover was lower than at any time in two weeks. Irregularity at the opening was fol- lowed by a slowly-rising trend, which, however, was interrupted by realizin before noon, leaving the list up to t. time not much changed on the day. There could no doubt about the nervousness of the short interest and it was their buying which was 1esponsi- ble for putting United States Steel above 104 and for the movement in Johns-Manville. With a holiday ap: mitments for the decline were being retired. Speculation for Rise. In addition to this covering move- ment there was speculation for the rise in Woolworth and in American & For- elgn Power, in International Telephone, in which a pool is said to be operating, and in various other utilities. Standard list. Consolidated Gas, American Tele- moderately, Buying kept up in United Afrcraft. Aside fr the forelgn situation there was hot much news tc affect prices. Copper metal was offered at the copper stocks were a shade lower, but they were not weak. Chicago re- ported an advance in gasoline prices. The oil stocks were firm, but that was all. What the oil industry is watching is the situation in Texas, where, if proration can be enforced, a turn for the better is certain. So far as the Franco-American nego- tiations were concerned, the news dis- patches had an uncertain ring, but the market put the best possible interpre- tation upon them. It was encouraged by the fact that the London and Paris exchanges held so well and the general opinion was that an agreement would be reached, although no one ventured | to speculate as to detail. Rail Stocks Dull. Railroad stocks were very dull, but strength in junior railrcad bonds was helpful. There were also a few favor- one of which was an increase in car loadings reported by the St. Paul Another was the larger orders for freight proaching, it was claimed that com- | Gas was a favorite in this part of th“{ phone and United Corporation gained | 81, cents, against 8'; Wednesday, lndi with more advances than declines. The | able news items from the railroad field, | ing to the Standard Statistics Co. A substantial increase over the figures of June, 1929, which totaled $42,944.390, is, however, apparent. Issues called last month consisted mainly of bonds of utility companies, the total in that di- vision amounting to §55.471.454. Indus- trial issues totaled $6900.200, real es- tate 85445380, and foreign issues $3,190,386. ‘The detailed figures given below cover calls for the first six months of 1930 nd 1931, First six months 1930 : Industrial . $140.142,000 $68.634,900 Real estate. 10,206,835 24,609,251 Public utilities. 39.975.270 268.870,575 Rallroad 1,475.000 10,741,626 Foreign . . 61903693 9 5,201 Totals ......$253.702.7198 $466,991,560 - OIL COMPANY SOLD. LOS ANGELES, July 2 (#) —Sale of the Sunset Pacific Oil Co., formerly the Jullan Petroleum Corporation. through A change in ownership of its bonds, | was announced here today by W. H. Meservey, vice president of the First Securitles Co. He refused to name the purchaser, which he identified only as “one of the larger ofl companies.” He declined to comment on reports that it was either the Associated Oil Co. or the Union Oil Co. of California. Meservey announced his company had disposed of ifs portion of the $10.000.- Pacific which it acquired when the { bonds were :ssued early in 1929. | The Sunset Pacific’s valuation wi | placed at between $10.000.000 and $i2. {000,000 in negotiations for its sale sev- | eral months ago. . COMMODITY PRICES. By the Associated Press. Wholesale commodity prices increased slightly last week as their change was calculated by the Commerce Depart ment. In the totals that follow, the in- parable periods based on representing steel products is given for like periods: {Court “at Chicago. If no appeal is ifrom the commission. If the railroads | 004 'St gt bo f Se 0 Drst-mortgage bonds of the Bunset | | dered reductions in the freight dex of selling prices is given for com- | the 1926 average as 100. In addition. | the selling price for a ton of composite feature. | $71,017.620 were only slightly larger in . | sl volime ooilld be ‘callsd' & 5 total valus than the calls in June. 1930, | crirobgs hONGRENLS Wwere @ranted the . which amounted to $70,809.335, accord- | railroads on the plea they had been given insufficient time to rearrange their | schedules. | e postponement gave the .| D2 GTEAt InVestors madsg;\fll June 1 to carry out the = commission’s order. Before that date, 1t1 st . pens aevane ) ApprovealJtilitics temporary injunction restraining the commission from putting the revised IFE insurance companies, among the greatest of Amer- ican investors, have given public utility securities their stamp of rates into eflect. The injunction was dissolved on approval. From 1921 to 1931 in- vestments of 52 legal reserve life Tuesday by the United States District | insurance companies in all stocks and bonds nearly doubled ... but their investments in utility se- curities increased more than 714 times. Associated Gas and Electric Company, principal unit of the Associated System, is offering taken, another order is expected soon appeal, there would be additional delay. Acting under the Hoch-Smith reso- lution approved by Congress in 1825, the commission made a study of grain rates, which_ resulted in the decision | st July. The Hoch-Smith resolution ordered the commission to investigate | the general freight-rate structure, with | a view to giving agricultural products | e lowest pos:ible lawful rates consist- & bl ‘ i 5% Gold Debenture Bonds, ent with service rendered by the rall-| 31 008 TLCsi 4 are Hearings were held in every section| backed by a record of consistent- of the West, and arguments were made | ly good earnings. While aggre- before the commission in Washington gate net profits of 51 gas and two years ago. The arguments lasted | electric companies increased e e e L T T that action would be expedited in cvery | ASociated System increased 3%. way possible. The present unsettled Tclephone BOwling Green 8-3957 condition of the case, it was added, af- | or write for Circular F. fects the Grain Exchanges. It was in- | The revised rates would apply to grain and grain products in the West and for xport. Some increases were 21- | lowed, but, in gencral, the decision dicated further ti ions | M B L fmfi:m be "granted the Tairoads fiencral Utllllv Securmes ? Incorporated 61 Broadway, New York charges. | . Private Wires for Convenience RIVATE wires connect the 37 branch offices of FENNER & BEANE with the major security and commodity markets of the country. As clearing members of the New York Stock Exchange, we offer a brokerage service which is complete. Fur theue sh tratel we hare prepared @ DIRECTORY of our branch ofices—a iopy may be had on requect This company is one of the oldest | firms in Washington, its charter being dated 1837. Willlam M. Hoffman is the president, Albert W. Howrad vice | president and secretary, and James N. | Pitzpatrick. jr. assistant secretary. The present board of directors includes: James M. Woodward, Schuyler S. Sy- ! mons, Bruce E. Clark, Edward C. Baltz, Parke A. Galleher, Albert W. Walker, Millard T. Dixon, Charles H. Kindle, John H. Snyder, James M. Woodward, Albert W. Howard, Willam M. Hoffman and J. Logan Hopkins: ‘The company’'s stock has been listed on the Washington Stoek Exchange for | many years and has made a splendid Bohn Alum & Br1%. Borden Co (K3)....0 Borg, Warner (1) briggs Mfg (11%). Briggs & Strat (2). Brockway Mot Trk. . 4 Bklyn-Man Tr (4)... Bkiyn Man Tr pf (6). Bklyn Union Gas (5) Brown Shoe (3 Tsland Cr Coal (43, Bruns-Balk-Col - . Bucyrus (1) LSO i Tohna MANVIRUD). . 180 Bucyrus cv pf ) 2 115% 113% KC P&L 1st pf B (6). 208 Budd Wheel (1) E g 24% 10'% 2 Bullard Co. 2 28 1% Company. Ra Burroughs A M 1% . ‘ o Twin Bell Ol Synd $10 .. Juls 3 June2s | We recommend— Bush Terminal (2%) 2 5 . Reduced. dividend record. The present capital| 104 Bush Term deb (T) 5 . | Chase National Bank 1 .. nnecof 'op) i Int Bec of Am A 25¢ Q Be 1 A 15 o is $200000. The company will ask the | - Bush T B1ds of (1) + necott Copner (1) 100 2% 21 214 22 e S 2™ A @ S 1 MR Rl The largest Bank in the World right to raise it to $1,000,000 if so de-| Butte Copper & Zine. ke (SS) Co 1.60. 12 b G e ek Total resources over sired at some future date. B $2,000,000,000 Kresge (SS) pf (T).. E E 3 . Resumed. Bankers Hold Special Meeting. 203 Calit P 7% Kreuger&Toll (1.61) 3 2 | Wilcox & Rich B...25¢ .. July 31 Selling About 80 Members of the District Bankers' As- 3% 23% Calumet & Arizona, Kroger GrocABak(1) 10 3 Rescinded. Yield 5% sociation will hold a special meeting late 5 Calumet & Hecla, Steneck T&M wu.l0c Q June3o A special analysis on request this afternoon at headquarters to con- 29% Canada Dry G A (3).. Bk st a3 B June % sider the proposal of the Law and Logis- 24’4 Canadian Pacific 1% . e N Waggaman, Brawner &Co., Inc. lation Committee for the securing of 915 Capital AdminA.... Lehn & Fink (3). Bwen- INVESTMENT BANKERS special counsel and the preparation of 4 594 Case (J 1) (8). . B Lib Ow Ford Glas Nor Am Lt & Pow.2% Q Aug. 1§ ME. 3860-4 a securities bill for the District to be Caterptilar Trae (3). Litg & Myers B (t5) > Omitted. Lima Locomot (m2). % Am Gen Elee 14 l're Due at_this time Liquid Carbonie (3). 5 3 4 s * e ate Loew's Ine (3). ¢ ¥ ile.S0c Q Due Aug. 1 Regular. Loew’s Ine pf ( Ala Tron Wks pf §3.50 Int Harvester pf (7). Int Hydro E1 A (e2). Int Match pf (4). Int Mer Marine (1) Int Nickel (80c). Int Paner pf Int Salt (3) Int Shoe (3). Int Tel & Tel All commodities, Steel . | cars for June compared with May and | Week ended June 27....." 703 2090 + | compared with June a vear ago. Ereviois week ' o o S Money was in excessive supply. The COMPLETE BROKERAGE SERVICE . | official rate was maintained at 1'» per Washington Office . ! cent, but funds were available in the outside market at 1 per cent 1430 K Street, N.W. .. Telephone National 7000 J. D. Mothershed, Manager e Members: New York Stock Bxchange and other principal Exchanges Extr o — i RIVATE WIRES TO NEW YORK, NEW ORLEANS, CHICAGO Pe- te. riod ., record | — Authorized Service A. C. & Northeast Speedometer Repairs MILLER-DUDLEY CO. North 1583-4 DIVIDENDS DECLARED NEW YORK, July 2 (P).— . PROPERTY MANAGEMENT Apartment House MANAGEMENT 'OU cannot keep continually taking out of property— especially apartment house property—with no sustaining - and renewing expenditures. Lamnert Co (8 Leh Valley Coal. Lehman Corp (3) presented to Congress. Celotex Co pf. .3 As already stated. Washingtorr bank- Cent Aguirre As 1% . ers are opposed to the Blaine bill. which | Century Rib Mills.. . has already been passed by the Senate. Cerro de Pasco(1.50) They doubt 1f the Capper bill now be- Certatn-teed Prod pf. fore Congress will be passed. For these Cheeker Cab Mfz. .. two reasons the Commiitee on Law and Ches & Ohio (2%) Legislation decided that a mew bill Chesapeake Corp drafted to include the best in fraud s, Chi & Alt: Jaws in various States would be the best step to take. Chi Great The recommendation was adopted at Chi Great West the Hot Springs Convention, today's Chi Mil St P & Pac special meeting-being called to put the Chi Mil St P& P pf.. proposition to the full association, The Chi & Northwest (4). majority of local bankers appear in fa- Chi &N W pf (7). vor of the plan. The idea is universal | Chi Pnen Tocl. . that some securities law in the District ChiR1& Pac(m2%) is greatly needed. Chi Yellow Cab (3).. 108 Some investment bankers are not so Childs Co (2.40). . 5 enthusiastic over a bill to be drawn by Chrysler Corp (1)... 335 commercial bankers. These securitics City Ico & F pf (6%) 108 e dealers feel that they should have the City Stores. Shs U R Maiiiaon &iCo Bioa Sorey, ase most, to say regarding a securities law, Cluett-Peabdy pf (1) 1108 3 Manati Sugar 3 : oP%Ph s although not questioning the need of Coca-Cola (17%). 21 £ 2 Sreet 8751 o 1175 such legislation. Coca-Cola A (3) Hadiey Fae o 4 Colgate-Pal-P (234) ea Fin' As 3 Busy Day On D. C. Exchange. Collins & Afkman. .. . There was a large volume of trading Collins & Aik pf (7). on the Washington Stock Exchange Colo Fuel & Iron. ... today. Th2 trading“opened with a 5 Col & El (2) Insure Yourself Maximum Income | For Your Old Age | —through purchase of ~an ANNUITY Contract, such as June 30 June 29 12 [FETHIS OIS £y s Ludinm 2 e Ludlum 34 | Do. But when to spend, for what | and where, are things which re- we offer. They are backed by | z 5 | the resources of one of_the | quire expert guidance—such as largest Life Assurance Com- |f! our third of a century’s experi- ey e Anerice—ply i % ) Fiasanteed income: Monthlv: ence qualifies us to give. Quarterly ar Semi-Annualiy as vou clect. and require no medical examination. ANNUITIES (for male, age, 65) pay almost | 12%. If you want all data covering an annuity for yvour- self, send us the date of your birth. M. LeROY GOFF | 1036 Woodward Bldg. NAt. 0340 | Insurance Exclusively, Over 20 Years | Do 23 McCall Corp (23%)... 9 9 9 | Cons McCrory B (2). gl";!"rk‘l“l?d 5(5,0& % Mcintyre Pore M Do. pf e McKeesport T P 15 % e oW McKesson & Rob /1) SRR McKes&Rob pt(3%) McLellan Stores.... 3 7 McLollan Stpf A (6) 1 5 B Mack Trucks (3).... 2 82 7% Bl §3.50 Macy (RH) & Co(n3) .y Y ; East’ Util Assoc .. 80c GAF 8% pf §63c pf.... 3815c S414c - Let us discuss with you the management of your properties. B. F. SAUL CO. 925 15th St. N.W. MORTGAGE Mathieson Alkall (2) May Dept Stra (7). 1 Rors B ot 3 Int Business Mch. $1.50 Mexican Seaboard... Int ClllreM-:h sz",c Miam! Copper....... Int Secur of Am $5.000 and $2,000 sale in Capital Trac- Col G Elpf A (8) Mid Continent Petm.. 6127 D 182 ; . Washington Gas 55 cam Columbia Graph bée. Minn Moline Pow Railway & Electric 4s sold at 9034 Columb Carbon (5).. ; : and Potomac Electric Power Consoli- 3 Comcl Credit (2).... dated 5s appeared on the board at Comel Credit A (3).. 10515. Gas 6s, series A, moved at 103. Comcl Cred pf B (2). Capital Traction stock sold at 36, T Potomac Electric Power 5!, per cent :g;n";“l Js:x'"f:“\:f(‘”/h consipeghrd :" ENADRTSns oxR o Comwlth&Sou (40c) . Motor Meter G & El Federal-American Natiopal Bank & gm'"]"ls‘;“y“l) e A 8 Q"ullinséflx Trust Co. figured in a 65-share turnover Deap ol % Murray Cor in seven different transactions, all made Conso) Film of (1 S0 Tt at 50. Liberty National recorded a onso) Film pf (3).. PR 2-share sale at 190. 8 O g 9 e N Mergenthaler Linotype moved in five jon of pL(5) 5 59 NatElasat s small lots at 771, and 90 shares of Co- Consol Textile...... “% I b L D v TR Jumbia Sand & Gravel preferred sold Contl BAKINE A.. ... 184 Xt Cash Reglater Penmans Lid 'pf 3130 at 90 and 10 more at 90's. Railway & Contl Baking pf (3).) i g:l.‘;&;’:;:\:g; % | Raym Cance Fils vt 7io Electric preferred sold at 99%. g::‘l‘l tx:::u(r'::" 85 R D s nance & Me ot 871 108 L EORPENT Proa e st Heard in Financial District, .. - Contl Motors, o See' T or July finds the Summer vacation sea~ Contl Ol of Del. 116% By (Teost) 5 Boonabe son getting under way. Howard Moran, Cont Siares. o vice president of the American Security Corn Products Do, PBf....... s starievant (B & Trust Co., is one of the first on the Corn Prod pf (1) Nat Supply (4). i ol et 8480 list. Crosley Radlo. Nevada Copper (1) Twin Beli ol Synd 85 ¢ John B. Larner, president of the Crucible Steel Newport Co (1) vS & BT Washington Loan & Trust Co., is pass- Crucible Steel : iy ing_his vacation at his Summer home Cuba Cane Prod. 33 at Miffintown, Pa. 3 CubaCo...... 1 The May statement of operations of iban-Amer Sugar.. 12 the Georgetown Gas Light Co., filed _ Cuban Am Sugar pf.. 108 yesterday with the Public Utilities Com- Cuban Dom Sugar... 15 mission, reveals a net corporate income Cudahy Packing (4). 1 of $11,631.56, as contrasted with $20,- Y Curtiss Wright Corp 43 664.49 for the month last year. That 84 Curtiss WrCorp A.. 8 for the first five months of 1931 is $67,- Cush ot 008 20321, as compared with $105,195.94| T35 9% vavison Chemical,.. & for the first five months of 1930. Deere & Co pf (1.40). 15 1 E 1 50c 50 Nat’l 2100 LOANS Do, 6% p! Inv Tr Assoc. Knot 4'A[' BT Missour] Pacific. ... Kioehler i Go L4014 Missouri Pac pf (5). Lawbeck oty BE.3130 Monsanto Ch W (1%) e L XN Montgomery Ward. . N ATy e Morris & Essex 3% s Mother Lode. June 30 July 15 June 30 June 26 June 22 o WE SHOULD like to offer _ our facilities for the placing of your in- vestment funds . . . For more than forty zeears thi H. fiL, Rust (%ompany has en making first trust loans on im- FOREFATHERS proved properties in the District of —foundéd this republic, for- Columbia and adjacent Maryland Sub- eign powers looked upon the urbs. Investors have found the notes (R e SAFE in the abundance of the security —CONVENIENT in their denomina- tions—PROFITABLE in the highest interest yield consistent with a conservative investment. June LRl WHEN OUR iJlo 0:0 00 Poy 00 © © O 00 PO WOLH OOOO DPOVODOOOOD MEZXZOOOOOONOOD o OB “Fortunes have been and wi Goain n'IhE soeke of The Deamade NEW YORK BANKS” We especially recommend at cur- rent low prices: NYNH&HDf (). N Y Ont & Western. . N Y Railways pf.... N Y Steam 1st pt (7) Noranda Mines. . % fTime has_shown other- CHASE NATIONAL BANK wise, and faith in American GUARANTY TRUST Ideals and Institutions has NATIONAL CITY . in every respect justified IRVING TRUST itself. NI Tan s TaUsT §The Metropolitan has been Listed New York Stock Exchange part and parcel of the stocks and bonds as well as high- nation’s financial strength grade bank and insurance stocks for over Our Hundred and may be purchased h either on an Wfimm’mn‘x" Seventeen Years. . National ginmeg‘t‘ ':r -eonurvnlvo mar- etropolitan BANK: Robert C. Jones & Co. Fifteenth Street ‘Specialists in Bonds and, Bank Stocks”| Shoreham Bldg. Met. 2022.23 1 8% 3w 3% 3% Opposi S. Treasur, 46% 28% Penick & Ford (1)... 36% 36% 36% 36% wposite U, f 4 Please send me complete information parocechluate bt o o _.4. (Continued on Page 14 __ North Am Aviation.. % Nor Am (b10% stk). North Amer pf (3). . North Am Ed pf (6).. Borrowings of weekly reporting mem- el Lack & Wn (1) .. Yer barks irom Federal Reserve Banks Detroit Kdison (8).. at d gna,onn,o’no on June 24, }ht- Devoe & Ray A(60¢). cnncipal changes for the week being Devoe & R 18t pf (7). 108 : increaes of $9,000,000 at the Federal Diamond Mateh..... 22 Noraae Tire & Bab. Diamond Mtch of 1% _— Dome Mines (1)..... 7 OMBION. Zvsvess Domn Stores (1.20).. 10 Oliv Farm Eq pr pf Douglas Alr (+1%) .. Drug Corp (4)...... Dupont de Nem (4). 901 | 6l Otis Duques Lt 1st pt (5) ' 54| 69% 30 Otis Steel p Durham Ioslery pf. 20s 1 Kastman Kodak (18) 14 Eaton Axle ( S ) Elec Auto Lite (6). FReserve Bank of San Francisco and £4,000,000 at Richmond and a decrease of $3,000,000 at Cleveland. Department of Commerce estimates investments of American capital in se- curities and Industrial development of European nations at the closs of 1930 &t between $4,400,000,000 and $5,000,- 000,000, with lurgest 'portion in Ger- | ge many, between $1,350,000,000 and $1,=| T 525,000,000, Fri - a U. S. TREASURY BALANCE. | £ FIRST MORTGAGE NOTES Pacific Gas & El (2). Pacific Tel & Tel (7) 210s e T R 64 Packard Motor (40c) geo E""; . 19% Paramount-Pub 2%.. Slec Pwr & Lt (1) 21, Parmelee Transport., Elec Pow & Lt pt 1 Pathe Exchar The United States Treasury balance | 108% Elec Pow & Lt pf (1) Pathe Exchange A. .+ announced today as of close of business ; 66 i Elec Stor Bat (5). Patino Mine: e Junc 30 was $471.943983.32. Customs | 41 . Xndicott-John (3) G4 2% Peerless Motor Car Teceipts for the month to date were' 39% Erie RR. 5% 25% 2 a $23.985, 725.83., Total ordinary expen= 12% Eureka Vac Cleansr. ' i i ditures, $37,381,204.66, i 8% Evans Auto Prod¥icts