Evening Star Newspaper, August 13, 1931, Page 13

" SPORT COMMITTEE Robert A. Sisson of Washing- ‘I ton Savings Bank Named e ‘Head of Group. Robert A. Sisson of Washington Bavings Bank has been named chair- man of the Athletic Committee, Wash- ington Chapter, American Institute of Banking, it was announced today by Aubrey O. Dooley, president of th> chapter, who sald that the tentative plans already arranged by the commit- tee are “the most diversified and exten- sive of any offered to the local bankers.” Other members of the committee are as follows: John G. Christle, John R. | Pitspatrick, August R. Terneak, Frank C. Cook, Kenneth Davis, W. B. Hibbs & Co,, Second National Bank, Washington Savings Bank, District National Bank and National Bank. mnmon has been assoclated with ‘Washington Chapter for some time and has a h knowledge of the ath- | letic requirements of the local banking group. He is a high school graduate and holds the standard te of the American institute of Banking. He has served as chairman cof the House and Audit Committees and as A mem- ber of varlous other committees of Washington_Chapter. He was a_m ber of the Board of Governors 1929-30, treasurer 1930-31 and was re~clected ‘0 the Board of Governors in May of this year. He has attended annual conven- tions of the Institute at Tulsa, Okla.; Philadelphia and Pittsurgh. The committee has planned a tenta- | tive program which contemplates a golf match between Washington and Balti- more chapters, the first half of which will be played here the latter part of August and the last half of the match in Baltimore in September. A tennis tournament and a 36-hole medal golf tournament will be played by members of the chapter in ber. A bowl- ing tournament.and also basket ball matches have been planned. The com- mittee is arranging bowling matches with Baltimore and Richmond chap- ters, the first half to be bowled on local alleys and the other half on the home alleys of the other teams. Local Market Active. ‘The Washington Stock Exchange was active for midsummer today, with bonds taking the lead in volume of trading. ‘Washington Railway & Electric 4s went again at 93. Georgetown Gas 5s sold at 106, Washington Gas 6s A at 10314 to 103%, and Washington Gas 65 B went at 107%. American Security & Note—All stocks are sold in one hundred-share lots excepting those designated by the letter s (80s) (250s). ~Prev, 1931~ High. 14% 2314 32% 23'5 109% 20% 814 128 594 59 60 182% 23 625 38 120% 48% 141 16 3314 Bl% 9% 64 1% 26 1% 15 30% 84, 43% 28% 39% 6474 85 2114 12% 37 58'% 424 4y 60 6ln 277 8T 801s 107 118% 10 14% 81 62 4 254% 464 Stock and Dividend Rate. Abitibi Pwr & Paper, Adams Express (1) Adams Millis (2). Addressograph 1.4 Afr Reduction(t4%). Alaska Juneau (40c) ‘Albany Wrap Paper. Allegany Corp. .. Alleg Cp pf $30 ww Alleg Cp.pf w $40 w. Alliance Realty (3) Allied Ch&Dye (n Amerada Corp (2). Am Bank Note (13) Am Brake Shoe(2.40. Am Can Co (15) Am Chicle (t3)..... Am Comcl Alcohol. . Am Encaustic Tiling ‘Am European Secur., Am & For Power. ... Am & For Pwr 2d pf. ‘Am Home Prod 4.20 4« Am IceCo (3).. Am International Am La France&Fom. Am La Fr&Foam pf. Am Locomot (1). Am Lo'motive pf (1) Am Mch & Fdy 1.40.. Am Metal Co. . Am Natural Gas pf Am Pwr & Lt (31) . Am P&L! pf A st(5). Am Radiator (§0c). Am Republics Am Rolling Mills.... Am Smeit Ref (2). % Am Snuff (13%). Am Soly & Chemical. ‘Am Steel Found (1) Am Stores (12%) Am Sugar Ref (5). % Am Summatra Tob. Am Tel & Teleg (9 Am Tobacco (16). ‘Am Tobacco B (16) Am Type Fy pt (1) Am Water Wks (3) Am Woolen Co Am Woolen Co pf Anaconda Cop (1% Archer Daniel Mid. . Armour of 111 (A). Armour of 11 (B) Armour of 111 pf. Arnold Constable Associated Apparel Asso Dry G (234) Atch To&S Fe (10 Atch To&S Fe pf (5). Atlantic Refining (1) Auburn Auto (4). .. Aviation Corp (Del). Baldwin Locomotive Balto & Ohio (5).... Balto & Ohlo pf (4).. Low. £ 114 2244 17% 0% 2 44 Bales— Add 00. High. Low. Close. Close. 1 6 2 n 14 407 4 7 5 18 2 408 2 1 10 6 10s 6 £ 64 1 19 16 3 18 6 16 1 52 90 13 10 32 2 Bamberger pf (61).100s Bang & Aroos pf (7). Barker Bros. . Barnsdall Corp'n. . Beatrice Cream (4) Beech-Nut Pkg (3).. Belding-Hemingway Bendix Aviation (1). Best &Co (2)....... 108 108 40 5 3 22 128 11 4 14 20% 1% 77 16 8% 5% 19 18% 42 110% 178 33 274 2% 42 8 6% 19% 27% 49% 63 18% 13% k 6 THE EVENING Stock and Dividend Rate. Gen Public Service. . Gen Ry Signal (5) Gen Ry Signal pf ( Gen Realty & Util... Gen R & Ut pf (e6)... Gen Refractories (3) Gen Theatre Equip. . iliette Saf Razor Glidden Co. . obel (Adolf). Gold Dust (23)... Goodrich (BF)..... odyear T & R (3 ~Prev. 1931 High. Low. 23 e rad BET) 1wl 0% T4t Tm| o | 150 i~ 8% ot o 42'% 20% 528 13% Prev. Graham-Paige. ..... anby Con Min (1) and Sil Strs (h1) and U'nion and Union p ant (W T) (1) eat Northn pf eat Northn C eat Western igsby Grunoi Hahn Dept Stores. .. Hahn Dpt St pf(6%) Harb & Walker (1).. Hawaiian Pineap (2) Hercules Pow pf (7) Hershey Choc (5) Holland Furn (12 Hollander Sons. ... Homestake Min (17) Houdaille Hershey . . Household Fin pf(4). Houston Ofl . Houston Oil (new) .. Howe Sound (2). Hudson & Man (33%) Hudson Motor (1). % Hupp Motors % 1llinols Central (4 Indian Refiningff. Indust Rayon (4) Inland Steel (214) Inspiration Copper Insuranshares Del A Interboro Rap Trans 26 B% 81 % 58 27 6 13 33% 11 Int Carriers,Ltd b0c. Int Cergent (4). Int Combustion pf. .. Int Harvester (13). Int Hydro E1 A (e2). Int Match pf (4). Int Merchant Marine, tham Silk Hoslery Int Bus Machine(n6) 4 4 Sales— Add 00. High. Low. Close. Close. 131 4612 108 109% 7 1 1 59 5 3 208 308 1 13 8 10 4 Int Nickel of Can (40« 62 Int Paper & Pwr (A) 2% Int Paper & Pwr (B) % 1815 48Y% Int Pap&Pwr pf (7). Int Shoe (3) . 88% 18% Int Tel & Teleg (2). 21% 111 Int Dept Stores (2) B7%s 86 Jewel Tea (4) BO% 18 12 K'mann Dept Strs(1) " Kayser (J) & Co.(1). Kelly-Spring Tire. .. Kelsey-Hayes Wheel Kelvinator Corp. ... Bl 20% 16% 31 20% 29 118% 6y Kresge (S 8) (1.60). Kresge (SS) pf (7).. Kresge Dept Stores Int Paper & PwrC... 40% Johns-Manville (3).. Kennecott Copper (1) Kinney (G R) Co.... 13 1 3 164 13 1 65 3 1 21 1 21 23 1 108 10s 3 28 34 24 211y STAR, WASHINGTO. Prev. 13 131 46 46% 109% 109% 8 28 28 3¢ 34 2 2w 21% % 121 43 109% 3 28 34 1% 21t 9% 214 o *|the law Into effect. D. C., THURSDAY. ATUGUS FINANCIAL. IPRICES FOR STOCKS HOLD HIGHER TREND Day’s Business Marked by Slow but Definite Up- ward Movement. BY GEORGE T. HUGHES. Special Dispatch to The Star NEW YORK, August 13 | well sustained upward movement char- | acterized today's more active stock mar- | ket The advance was more consistent )in the industrials than in the rails, | but both groups participated. The Street was full of rumors, but this time they were bullish and not bearish rumors. Probably most of them were designed to intimidate the shorts, but the very fact that such tacties were employed testified to the change in sen- timent. Stocks sold off somewhat at the end. but sil left off higher on the ay Among the features in the last hour was the buying of the rubber shares and the food stocks. Merchandising issues were strong all day The two most important develop- ments, so far as they affected the stock market, were the declaration of the regular dividend on Unfon Pacific com- mon_and the signing by the Governor of Texas of the new ofl conservation | Jaw, along with the steps taken to put There had been no | real doubt about the Union Pacific div- | idend, but the news stemmed the sell- | ing in railway stocks, which, up to the time of the announcement, had been | very heavy | | In the first half hour G | preferred made a new y low and | Néw York Central was weak on the | publicity given to the six-month earn- ings statement, showing only 80 cents a share for the stock, against $4.63 a share in the first haif of 1930. This vear's earnings, however, were all ef- fected in the second three-month period, the first-quarter operations having re- sulted in a deficit after charges, so that the road had really improved its posi- tion currently Union Pacific ran up 2 or 3 points on the dividend news and Atchison made a similar gain. New York Cen- tral, Baltimore & Ohio and Southern Pacific regained their earli buying in this group was s strained by the weakness in bonds. The, Texas news was taken as highly constructive and practically all of the oil shares were in good demand. Gen- eral Asphalt, Atlantic Refining and | Standard of California were up a full point, with fractional gains by the | others. Socony-Vacuum made a new high since listin Short _covering went on in United States Steel, which at the close Wed- A slow but | at Northern | 30 PER CENT OF SHARES SHOW BIGGER EARNINGS Specisl Dispatch to The Star. NEW YORK, August 13.—Thirty per cent of all the industrial corporations whose shares are listed on the New York Stock Exchange are earning more money today than they were a year 0. lgThis information was revealed here yesterday in & private survey by one of the largest and best known banks in the country. It also explains why this bank, which has an uncanny ability for calling market turns, feels more opti mistic now than it has at any time thus far this year. (Copyright. 1981 URUGUAY TO BACK PACHANGE ON PESD Emergency Bill Sent to Con- gress to Guarantee Rate of 25 Pence. By Cable to The Star MONTEVIDEO, Uruguay, August 13. —A batch of emergency bills, sent to the Urugueyan Congress for considera- tion this week in hopes of solving the critical economic situation, includes one by which the state would guarantee an exchange rate of 25 pence (about 50 cents) for the Uruguayan peso after December 31. The government has re- questea banks not to press their clients for payment of bills due in foreign currency, especially dollars and sterling. The bill provides that in all cases where banks extend the maturity of obligations to December 31 the national treasury will pay any loss by exchange if the peso is under 25 pemce at that time. The new wool clip begins moving in October, and it is expected that the rate of exchange will improve by the end of this year. but the projected legislation looks like bargaining with the banks for the grant of a voluntary ‘moratorium. The Uruguayan peso has been fluc- tuating between 38 and 48 cents. Its par value is $1.03% ‘Copyright New Jewelry Finish. NEW YORK, August 13 (#)—De- velopment of a non-tarnishing finish for gold and silver plated jewelry has been announced. Extensive research, it was said, has developed a finish that withstands the sulpbur test and pro- tects the wearer's skin and clothing 1931 INARYLAND BONDS * BRING PEAK PRIE 1$590,000 Construction Issue Sold in Baltimore for 107.065. Special Dispatch to The Star, | { BALTIMORE, August 13.—At the | highest price it has received in 25 | years for its paper, the State of Mary= land yesterday sold $590.000 worth of general construction lcan bonds. ¥ |__The issue was bought by the Union {Trust Co. of Baltimors with a bid of 107.065, the highest of 11 offers made to the State Board of Finance by bank- | ing concerns all over the East. The previous record high for State bonds | in recent years was obtained last June, when a $1,000,000 issue was sold at 106.775036 . That issue was priced to yield 3.41 /| per cent. while yesterday's sale will | vield 3.375 per cent The offering was the first of three which will make up a general construc- tion loan issue of $5662,400 voted by |the last Legislature. An issue of | 181,996,700 is to be offered February 15, 1932, and the final batch of $3,075,700 | is to be sold August 15, 1932. | These offerings raise to $33,000,000 the outstanding bonded indebtedness of the State, Controller Gordy said. He added that this represents about 1 per | cent of the taxable basis of the State. | NEW YORK BANK STOCKS NEW YORK, August 13 (#).— Bank Stocks, | Ameriea 235235y e £t rooklvn Chem Bk & Tr Cont Bk & Tr Corn Exchange . Empire Guaranty frving ... Manufactufers’ ., gmmmummmmmu I | | Authorized Service Delco, Remy, Klaxon, Nortboul‘m Horns ' MILLER-DUDLEY 1716 14th St. NNW. North 1583-4 IF you are asked to decide between an ox-drawn cart and the 20th Century Limited for your means of transportation, you would naturally accept the latter. 'HE progressive manufac- turers of office equip- ment, in keeping with the trend of times, have given you the : portunity to choose between . old method of hand bookkeeping and the modern machine book- keeping method. Abundant evi- dence of the savings effected by modern office machines is avail- able and visible everywhere. NAAY we have our repre- sentative call on you and explain the many advantages of machine bookkeeping® Money Available for Mortgage Loans LOANS on apartment houses, office build- ings, residential and business properties— and shall be glad to receive your application, giving it every consideration—and with as prompt report wE have money available for FIRST TRUST Trust turned over four shares at 319, | 7o%, Bethlehem Steel (2). 120 27% ¢ Kreuger & T(m1.61). 76 from discoloration. The process was the same as m yesterday. Riggs Na: tional Bank 10 shares at 372, Se. curity Savings & Commercial Bank at 430. Pifty shares of National Mortgage & Investment preferred went at 4%. Mergenthaler sold at 767:. Washington clearing house figures today: $4,081,- 516.64. Commercial Credit Co. ‘The semi-annual of Commer- efal Credit Co. of ore and sub- sidiaries, maintaining & local office in mh:z in the Hill Building, 839 Sev- ent street, for the six months ended June $1.01 per sl after payment of all preferred stock | dividends. Net: income applicable to common compares ‘with $1.10 for 1930, period, nd was $1,056,- 069, as compared to a net income of :‘1,1‘01”.:» for the corresponding period Gross receivables purchased amounted to 152,323,568 ich . was substan- tially below the of $202,419,- 448 for the same period of 1830. Re- duced management expense as & re- sult of increased operating efficiency and the control of repossessions and past dues resulted in an earning from ?ue ogermmm alone of ll.zam;;:; re on average common outstanding. However, foreign unset- tled conditions and adjustments re- sulted in no income from capital in- vested in Kemsley, Millbourn & Co., Ltd., for foref tions, which af- fected consol net operating re- sults as shown. Shirt Sales Drop. National Shirt Shops, Inc., which is represented by spveral stores in the Na- ?md Capital, reports a decrease of 4.56 per cent in sales for July, 1931, as compared to July, 1930, and a decrease of 11.99 per cent for the year to July 31, as compared to 1930. The res thow July from $345. in 1980 to $205,! in July this year and sales for the year to July 31 de- from $2,360,497.13 for 1930 to $2,077,485.21 in 1931. Peoples Drug Earnings. les Drug Stores are on the honor | st of Prazier, Jelke & Co., of 41 com- panies which were found to have earned | more in the first halt of 1831 than in | the first half of 1930, according to a | survey made public today Peoples Stores were shown to have earned | $1.36 per share the first half of 1931, as | against $1.18 for the first half of 1930, American Ice and Childs Co., both represented here also, were on the sur- vey list of 78 companies reporting bet- ter earnings in the second quarter than in the first three months, although thelr first-half results were below the first half of 1930. American Ice earned | per share in the second quarter of this year $0.91, compared to a loss for net _income of on 'the common stock cent o { the first quarter of this year, while it earned only $0.62 during the first| half of 1931, as compared with $1.09 | for the first kalf of 1930. Childs Co. | showed a gain from $0.31 per share| earnings for the first quarter of this | yeer to $0.90 for the sccond quarter, | a h the first half of this year w: only $1.21, as compared to $1.36 for the | first half of 1930, t In spite of unsatisfactory business conditions and the decrease of more than 48 per cent in industrial profits | in the first half of 1931, the survey points out it is remarkable that 41 © jes showed a larger income than in first six months of 1930. Many smaller corporations and a few of the Jarger ones show beiter earnings for the second quarter than for the first three months. Standard Statistics figures that sec- ond quarter profits of 167 companies were 2” per cent larger than the first quarter. This compares with 1 per oent larger in the second quarter of 1930 and 22 per eent larger in the scc- ond quarter of 1920. 1In this survey we are listing 78 companies which earned more in the second quarter than in the preceding three months and 100 companies (excluding dupiications). re- ing an improvement in net either l:“the second quarter or in the firs Railroad net operating income in ti first six months of 1931 was approx mately 36); per cent below the corre- sponding period of 1930 and 57%; per cent below the first half of 1939, Pub- | lie utility earnings in do appear to have been about ¥ por cont higher; out- side of gold-producing companies, prac- d in the | tantially year than last: i the earnings of stocl companies i mndm: large. Oil indusiry re- sults are formly lower, most units | reporting a loss. H. E. Mayer, fr«zm of the Bank ‘Commerce Savings, hes salled . president of the | Bank, is. expected w( abroad about Au- 29 40 66 761 0% 3%, 22% 69% N 15 914 20% 34% 114 5% 324 13 20% 69 53 43% 11% 16% 45 45% 1811 118 52% 3% 26% 30% % 28% 461, Bbdw T 27% 15% 45% 15% 652 388 25% 3% 90 80% 105 50 1% 19% 45% 109'5 16% 11w 111% 28% 25 34 20 21% 12 100% 13% 100% 107 15% 1% 30 627, 61 4 12 12 864 15215 63 487 100 % 12 107 23 185 23 28 133 24 10 185% 1342 21% 111, 69 4% 4 9Ty 600 1085 66 398, 401, 36% non 16% 30 26 6614 50% Blaw-Knox (1).....« Bohn Alumn (1%).. Bon Ami (A) (15). Borden o (K3)..... Borg Warner (1). 1 36 1 58 36 Botany Con Min (A).200s Briggs Mfg (11%).. Bklyn-Man Tran (4). Bklyn-Man Tr pf (6) Brunsw-Balks. . Bruns Term & Rwy Bucyrus-Erle Bucyrus-Erie cv pt Bucyrus pf (7). Budd (E G) Mfg.... Burrough A M(113) 85% 614 12% 104 2% 194 5% 9 Butterick Co...... 23% Byers (A M) Co 20% Calif Packing (2)... 231 Calumet & Arizona. . 5 Calumet & Hecla. 10% Camp W&C Fdy (1). 29% Canada Dry G A (3). 21% Canadian Pacific 1% . 51% Case (JI) (6)...... 85 Case (J 1) pf (7). 213% Caterpillar Trac(3). 14 Celotex pf.. .o 17% Cent Aguirre (1%).. Cerro de Pasco (1).. Certain-teed Prod. .. Checker Cab Mrfg. .. “hes & Ohio (23) . Chesapeake Corp(3). Chi Great Western. . Chi Great Westn pf. Chi Mil StP & Pae pf. Chi & Northwest (4). Chi Pneu Tool. .. Chi R1& Pac (m2%) Childs Company . Chrysler Corp (1)... City lIce&Fuel (3.60) City Ice&Fuel pf 6% Clev & Pitts (3%4) . Cluett-Peabdy pf Colgate-Pal-P (23), Colling & Afkman. .. Colo Fuel & Iron. ... Col Gas&Elec (2)... Col Gas&E]I pf A (8). Columb Graph (56¢). Col Graph cfs (56c) Columb Carbon (5) Comel Credit (2). ... Comel Cred pf (1%). Comgcl Inv Trust (2). Comm Inv cvpfies), Come)l Solvents (1).. Comwith&Sou (40¢) . Comwlth&Sou pf (6) Congolm Consol Gas N Y (4) Consol Consol Laundries(1) Consol Textile Contl Baking (A) . Contl Baking pf (8). Contl Can (23) Cont Insur (2.40) Contl Motors Contl Ol (Del).. Contl Shares. .. Corn Products (14) Corn Prod pf (7).. Coty Inc e Crucible Steel Cuba Cane Products. Cuba Co R an-Am Sugar pf. Cuban Domn Su; . Cudahy Packing (4). 68 Curtis Publish (4) 214 Curtiss Wright 3 Curtis Wright (A). 100 Cushmans pf (7) 95 Cushmans pf (8) % Davison Chemical. 140% Detroit Edison (8) 14" Diamond Matech (1) 24% Diamond Mtch pf 1% £7a Dome Mines (1) 144 Domn Stores (1.20) Drug Corp (4). Dupont de Nem (4) Eastman Kodak (+8) 400 13 16 1 1 Bush Terminal p£(7) 108 46 =3 pEBeaTonnaRanBonTannen s e 20 35 stman Kod pf (6).100s ton Axle (1.60)... Eitington-Schild. ... Eftington-Schild pf., Elec Pwr & Lt (1)... ec Pwr & Lt pf (7) ec Storage Bat (5) Erlfe RR........ . ie R 24 pf sise quit Office Bldg 23 Evans Auto Prod 45 Federal Screw W 11% Fed Wat Sve A(1.20) 155 Federated Dept Strs. 564 Firesione T&R pf( 41 First Natl Strs (23%) % Fisk Rubber & 201, Foster Wheeler (2). 201 Fourth Nat Inv mése 11% Fox Film (A) (2%). 22 Freeport-Tex (3). .. 7 Tank Car(4) 15% Gen Asphalt (2). 17T Gen Baking (2) 5 4ien Bronze. ... 81 GenOlpar (4).. 36 Gen Blectric (1.60).. 11% Gen Elec spec (80c) . 43 Gen Food Corp (3). s& 11 A(e30ec) 44% Gen Gas&E ev pr(6) 27 Gen Jtal Kd Bl m2.61 36 Gen Mills (3) 96 Gen Mills pf (8 81% Gen Motors (3). Gen Gen ey Gen Outdoor Adv(A) ~ 5 4 10% 3 T e v - - Bocash ufs 5 = do~anio ik, 12% 27 561 21 21% 8 36 898, 1% 40% 4 49 2814 38% . 875 102% 3518 BT 61 69% 345, 20% 56 B 45% 22% 1% Kroger Grocery (1). 76 Lambert Co (8) Lenizh Valley (2%). Lehman Corp (3). Lehn & Fink (3) Libbey Owens G 91 1% 631y L 60 6015 Liggett & Mvers(t5) Ligg & Mvers B (15) Loew's Inc (3) o Loew's Inc pf (6%) LoftInc.... T.oose-Wiles 12.90) . . Lorrillard (P) Co Lou Gas&El A (1% Louisiana Oii. ... McAnd & Forbes (2). Mclintyre Pore M(1). McKeespt T P(15%) McKesson McLellan Stores. Mack Trucks (1). .. Macy (RH)& Co(n3). Magma Copper (2). . ManhatEley mod gtd Marine Midld ¢1.20) Marlin-Rockwell (2 Marshall Fleld (2 Mathieson Alk pf(7) Meiville Shoe (2).. Mexican Seaboard. s Miami Copper. . Mid Continent Petm. Midland Steel (3) Minn Moline Pow Mo Kan & Texas. ... Mo Kan & Tex pt (7) Missouri Pacifi Missouri Pac pf (5). Mohawk Carpet Monsanto Chem (1% Montgomery Ward Mother Lode Mullins Mfg...... Mullins Mfg pf (7) Murray Corp (F E) & Br Nash Motors (4). Nat Bella Hess Nat Biscuit (2.80). Nat Cash Register A Nat Dairy (2.60).. Nat Dept Stores Nat Dist I'rod (2) Nat En *wr & Lt (1) el (2). irety (2). Nat Tea (1).. Neisner Brothers. .. Nevada Copper (1) hi & StL (6). Chi & Stiupf. Y Investors. . NY N H & Hart (6) NYNH&HpL () N Y Steam pf (6). Noranda Mines. .. Norf & Westn (11 4% North Am Aviation 56% Nor Amer(b10 % stk) 53 North Amer pf (3) 102 North Am Ed pf (6). 60% 801 Northern Pacific (5 47': 43 Northwest Tele (3) 191; 7 Ohio Ofl 61; 3% Omnibu 581y 31% Otis B 6915 Otis 16% 189 Corp vator 30 teel pr pf (7) Pacific Gas & El (2) Pacific Lighting (3) Pacific Tel&Teleg (7 Packard Motor (40c) Paramt-P(m1.6 Park Utah...... Pathe Exchange Pathe Exchange (A) Patino Mines Peerless Mot Penick & Penney (J C) (2.40). Penn Railroad (3) Peoples Gas(Chi) (§) Pere Marquette Ry Petm Corp of Am(1) Phelps Dodge (1) Phila Co 6% pf (3).. Phila&Reading C& 1 Phillips Petroleum. . Phoenix Hlosiery Pierce Petrajleum. . . Pillsbury Flour (2). Pitts Coal pf. Poor & Co (B) ... Port R Am Tob (B). Prairie Oi) & Gas Prairie Pipe Line(3) Pressed 8t1 C pf(7) Pro & Refiners. ... Prod & Refiners pf. Public Sve NJ(5.40) . Public Sve NJ pf (5) Puliman Corp Punta Alegre Sugar. Pure Oil. . 24% Purity Bakeries (3). 66% Pure Oil pf (8). 12 Radio Corp. 45 Radio Corppf A3%. Sl 1% 1T 60% 547s 38 481 116 54 Raybestos Man 2.60. Reading Rwy (4) 37 Reading 1st pf (2).. 41 Readinz Ry 2d pf(2) 5 Real Silk Hostery 22 5% 5 10 27 Remington-Kand. . . Reo Motor Gar(40¢). Republic Steel . ‘Republie »r. Rob(1). May Dept Strs (2%). Midland Steel pf (8). & Stamp. . rCar. . Radio Corp (B) (5).. Radio-Keith-Orph A. Real Stik Hostery pf. 808 15 54 2 125 1399 a1 %5 5 2 1 1 10 30s 8 3 19 1 30 9% 8 36% 264 6 * | quantity # | Stix Baer & Pull 18% 20% it — (Continued on Page 18) 578 | * | Fmthaway Bakeries Tnc Ci A nesday night was loaning at 3-16 pre- mium. The Strect seemed to read | more encouragement into the trade | reviews than had appeared on the sur- | face and Steel common got back to within a point of its high on the re- covery. Commitments for the decline in Westinghouse were retired actively, J. 1. Case and Allied Chemical moved ahead and Johns-Maxville fell into line. In all of these issues there had been stale short accounts. Elsewhere in the list the merchan- dising stocks did better, particularly Safeway Stores. Bohn Aluminum & Brass duplicated its old high. Aggres- sive operations for the rise were in- ftiated in Radio, a blogk of 10.000 shares coming out at 20, ap more than a point Reassurance as to the divi dend by the president of the compa brought & sharp rally in General Rail- way Signal 'COAL STOCK ON HAND GAINS 600,000 TONS By the Associated Press, The Bureau of Mines reports the commercial stocks f bituminous coal, used largely for industrial purposes, amounted to 30,100,000 tons on July 1, an increase of 600,000 tons over the be- ginning of the previous qua but 2100,000 tons less than on the corre- sponding date of 1930. | " Exports during the second quarter | | averaged 234,000 tons a week, as against 322,000 tons last year e of ‘consumption ‘n United ! during the quarter amounted to 6,2 | 000 tons. as compared with 8,868,000 | | tons in the previous quarter. In com- | parison with the same period last year, | domestic consumption istered a decrease of 18.1 per cer Tn addition to the tonnage held by | commercial consumers, 5,317,000 tons of bituminous were at the head of the | {Jakes. 1467.000 tons standing in cars | | unbilied at the mines, and an unknown amounting to several million tons in cars en route to destination. | Stock of anthracite in Tetail yards| on July 1 showed the u increase of the amount in storage on | April 1. but were slightly less than on | the corresponding. date of last year. DIVIDéNDS DECLAHED | NEW YORK, August 13 (#).—Divi-| dens declared | the Deterred Pe- Pay- Rate riod. abie Hidrs. of record. | Company July 31 525 Sept Omitted (divider cvpLad: Q Reduced 25c Q ) - Q Liquidating. [ zz> %9 wopn 8o Amer Ry pf | Un_Tel Co (De $7 1 pf_(No P Do $7 2d pf No P) £ Ry & EI'C 8% pt STOCKS EX-DIVIDEND. NEW YORK, August 13 (#).—Stocks ex-dividend today | Pay- Company ate. Period. able Bastian _Biessing s Sept Bower Roller Besr Co Sept Brach (E J) & Sons Sept Brown Fence & Wire A Aug Canadian Car & Pdry.. Aug Sept. Sept. Sept. Sept. Sept. Sept. Sept. Sept Sept. Sept Sept Bept Sept. Bept. Sept Sept Sept Sept Sept. | DDOODD Hart Garter pi Intl Shoe Co pt c Laks of the Woods Mill pf 1.7 Central R R Bf....31.25 | McWilliams Dreds ... 31 | Metropolitan Faving Brick. 2 Mississippi_Val Uil Inv pi 31 | Southern Pipe Line Standard Ol of Indiana lier Tri-state Tel & Tei bl Wagner Elec Corp.. DOOOLOOOODEODOOD A machine for bags from banana fiber has been invented in Guatemala. i plus exports reg- j [ | ial seasonal | | said to be particularly important in view of the strong popularity indi- cated for the metal jewelry during the coming season. CHICAGO POTATO MARKET. CHICAGO, August 13 (#).—Potatoes, 72; on track, 135; total U. S. shipments, . steady, trading fair; sacked per cwt., Missouri cobblers, 1.20a1.40: Idaho russets, medium, 1.70a1.75; triumphs, 2.00a2.1 Louisiana, Arkansas tri- umphs, 1.70a1.75; few, 1.80. Meney Available For Mortgage Loans —to be secured on improved properties in the District of Co- lumbia or nearby Maryland and Virginia. Prevailing interest rates and reasonable commis- sions. Prompt replies! ROBERT W. SAVAGE 717 Union Trust Bids. National 6799 First Mortgage Loan Applications Invited at 5% Glover & Flather 1508 H St. N.W. National 1753 “Money to Loan Secured by first deed of trust on re Prevailing interest and commiss Joseph 1. Weller goweit s 435! PR RN Do It NOW! Your complete plumbing and heating installation should be done NOW — during the slow month of August. We will gladly extend your first payment on any such orders to the month of September. This being the case— Do It Now! Always Insist on “Schafer Quality” Materials E. G. Schafer Co. 4100 Georgia Ave. Telephone ADams 0145 EEEXEERNR At A A e o ok ek o ek ok e e % * * ) INVESTMENT SUGGESTIONS (Listed on N. Y. Stock Exchange) COLGATE - PALMOLIVE PEET Dividend $2.50—Yield at Mkt. 5ia% CURTIS PUBLISHING Dividend $4—¥ield at MKt. 5.90% INTERNATIONAL SHOE Dividend $3—Yield at Mkt. 5.95% INTERNATIONAL HYDRO-ELECTRIC “A™ Dividend 32—Yield at Mkt. 8,70% NORTH AMERICAN Diyvidend 10% of stock—Yield at Mkt 10% ZONITE PRODUCTS Dividend $1—Yield at Mkt. 8.70% Special Analysis on Request, Waggaman, Brawner &Co.,Inc. Investment Bankers Met. 38604. 1700 Eye N.W. as is possible. periods, at ... % | 1321 Connecticut Ave. ST H E =l PROPERTY Apartment House MANAGEMENT 925 15th St. N.W. MORTGAGE invite applications Loans will be made on properties located in Washington and nearby Maryland and Virginia—for 3, 5§ and 10-year 5%% RANDALL H. HAGNER & Coxrmr" MORTGAGE LOAN CORREsPONDENT Decatur 3600 MANAGEMENT WITH our experience and or- ganization it is an easy matter for us to overcome existing diffi- culties in the management of an apartment house. We know where to look for faults and flaws, and how to rem- edy them—to the property’s bene- S Swvemrem—— fit, and owner’s profit. B. F. SAUL CO. Nat’l 2100 LOANS 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- 54% ment Privileges . . . Three- yearloans on newer proper- ties without amortization Loan Correspondent for ““The Prudential” H. L. Rust COMPANY NATIONAL 8100