Evening Star Newspaper, August 24, 1931, Page 13

FINANCIAL, ; TAE EVENING STAR, WASHINGTON, D. C., MONDAY, AUGUST 24, 1931 FUNANCIAL. BANK STOCK GAINS || NEW YORK STOCK EXCHANGE | [STOCK LISTDROPS [ ==Y P . OND.C DY e e ) I OHAL TRADNG| 6 e[| i e excepting those m by the letter s (80s) (250s) Gen Public . 3 Gen Realty & mn Reasonable Commission 'and Gen R & Ut pf (.').. 1 3 ) nmaal i Prompt to Security Savings Pushed Up ; o p Gon Thevtes Baw. 43 Rail Shares Subjected to S See Us 1Y ou Wish a-Loan = Saf e Gt : ; i JAMES F. SHEA $5 a Share—Building 09% o e AR %), B 5 n bt o Z:“‘“‘“’- H % Further Selling—New 643 Indiana R“ N.W. Those who desire’ to on R“l Eatate Alaska Juneau (40¢) 54 82 Glidden Co pr pt (131508 Lows Recorded. 4 borrow money to. plr- ——————— i 1 [ 5% - Issue Declines. e 12 % Gobel (Adolf). 2 7 7 P— - - chase a home, refinanice or to Allis Chalmers (2). 1 % o 14 12 % present indebtedness ¢r Alpha Port Cemt (1 39% BY GEORGE T. HUGHES. imiprove property, shou Am Agri Chem (Del, 3 y ™ Braie Shoa(2.40 i Speoial Dispatch to The Star. see ms. Applications wi Tah U a 1 | Granby Con Min (1) | NEW YORK, August 24.— Lower st P = . Grand Si1 Stra (w1)., 5% | prices prevailed in today's stock market. H !QOU‘SV at‘:enti g': and cours Fxra t " e R W 16% | The primary cause was the political and - M from e Great Northn pf(4).,. financial crisis in Great Britain, as to L 4 % Wmummm‘flfl Great Western Sug. . the significance of which, from the Loans Repayable Monthly wh..‘um jas sold again % Grigsby Grunow.... 26 « longer viewpoint, Wall Street was much | JON IMPROVED DISTRICT OF No Brokerage . .. No Commissions '--nu':'fixm'f;'u- e Rras Pralese. 8 “F0, 364 Fcken Warp A 1% 1308 onfused. " Onder | the circumstances, (| COLUMBIA REAL ESTATE i ¢« 12 Hall (WF) (1.20). however, liquidation was deemed the SECURITY 915 F ST. N.W ferred went at 87. Am International... Potomac Electric 6 per cent referml Am La France&Fom. > 85 Hanna pf (7) 85 85 safest course to take. was Off & fraction &t 1113, whils the | 15 Am La FraFoam of. 203 i 8315 Hershey Choe (5). 6 9TH 96N 9% During_the course of the session the 86th Series of Stock Now Opem 513 perferred of the same company went | Am Locomotive (1).. 93 Hershey Choc ptf (16 railway shares, according to the Stand- Subseription 8t 110, aiso a fraction down. Am Mch & Fdy 1.40 v 5% Hollander Sons. ard Statistics averages, made a new low Am Mach & Met ctf; 4 try 4% Houdailie Hershey. ., for the bear market. Natural Gas Reveaues. | 2 Am Metal Co. 2 i 27 Houston Ofl. averags held sbove the Revenues of manufactured and nnz E: go:nun‘?ll (nm) mldf :u u:”ump-:ml "25 lntr'.:er Iast ural utilities declined 3.7 per cen 5 Am Pwr & Lt (31).,. udson Motor (1). half hour, closed above ex- # dum:“the first six months “of mu Am Radiator (§08), e . ] . Sos il dis i Outside the stock market the course year, while gas sales dropped 7 3 3 Am Radiator pf ( . gres of sterling exchange was most closely | 7 UHE net result of our senvices as managers of Seaale r;r'\: as mmmedwwnh u:: t'\:tml:ll::fl 5 Am Republies Fotr tati off 3.32 of 1930, accord! repor! - Am Rolling Mill wal . Quotations were -32 of & 3 tistical dmnmem of the American | Am Smeit Ref (2) int in the afternoon, but it was rea- your property—apartment house, office build- Gas Association from companies aen‘-l Am Sm & Ref pf (7). ing 13,659,000 customers afd comar Am Snuff (13%).... 2 Insuranshares Del mc nearly 90 per cent of the gas utility Am :m: :ound;l;. 1 Insur Shr(Md) (40e) Am Steel Fdry pf(7) terboro Ra in muu of reporting mu\uhctureg Am Sugar Ref (5)... 56 56 5 ]l:(:rhku !’:o: ,T" . ,102,001 Am Sugar Ref pf (7) In. Agriculture Am SumatraTob.... 2 % Int Bus Machine(n§) Am Tel & Teleg (9) Int Combustion. Am Tobacco (16). 2 . Int Combustion p Am Tobacco B (16 Int Harvester (23 Am Type Fy pf (7). 90 Int Harvester pf (7 Am Woolen Co, Int Hydro B1 A (e2 Int k of Can(46c). int Paper & Pwr (A) Int Shoe (3). 18% Int Tel & Teleg (2) ived thet the market was more or less ing, residence or business property—will be B e e ¢ freedom from annoying detaild; and maximum of w and only cotion displayed any YGCGIPYI. strength in the commodity list. I “only remains (0 add inat the | We have both the experience and organization tock market sold off 1l vol- 4 til u he late recovery canceled s to work to your advantage—and the fee is trifling ume. good part of the loss. cabled = compared with the service rendened. port that the Bank of England had || \)/| used up most of the E MAKE FIRST about it. PROMPT remittance credit established by 3 TS o m st || TRUST LOANS on ARSI 3R of 4 s 4T rect in well informed circles hers as far | IMPROVED RANDALL H. HAGNER & COMPANY i} 2 Kfl'u"’:.}ui.'ffl: d To‘i":’e'i‘%e"'fi REAL ESTATE MomrGacs Loaw Cormesionomer —— e S 57% 36 Jewel T\ 41% allay uneasiness. UNTS 0% 4% Joh o don It was the London dispatches. em- | bt - ,GM_%M Bl et R gt B g o, L $5,000 WA 0 Sy 7 2 Karatadt(Rudolph). 2 2 2 2 in, that weighed down on the TO0 321 C ticut Ave. ser (J)&Co(1). 2 market at the opening today. Stocks | Kelly-Spring Tiry $ 8 2 were not offered in large volume, but sl,(m,m Kelvinator Cor, 22 bids were scarce and the trend was k-nn.couc»mu) downward from the start. The market IN THE DISTRICT OF Kinney (G R) Co 108 28% 28% 28% was distressed as much by the similar COLUMBIA AND NEARBY Kresge (88) (1.60).. 6 by the M BeranaBenamane - Am Water Wks (3). Am Wat Wks cfa(3). Am Writ Paper ctfs. Anaconda Cop (13%). Archer Daniel Mid. . Armour of Del pf (1) Armour of T1l (B) 28% Associated Apparel 16% Asso Dry G (23) 203% 132% Atch To&S Fe (10).. 108% 100% Atch To&S Fe pt (5). 23% 11% Atlantic Refining (1) 205% 101% Auburn Auto (£4)... 6% 3 Aviation Corp (Del). #7% 48% Baito & ORio (5).... 801 64 Balto & Ohio pf (4) 66% 47 Bang & Aroos (3%). 11314 99% Bang & Aroos pf (7).1 143 5% Barnsdall Corp'n. 81 531 Beatrice Cream (4). 5 S SuBoan - BoaSrnweloagmn .....-.:?..H: 85 % B T p—— Kroger Grocery (1 it was the rallway bonds which were | Prompt Decisions Tt e the weakest among the domestic issues Pt .4 ,umou REAL ES I A Lane Bryant (1 at least, it was the raflway shares which 6% 1% Belding-Hemingway Lehn & Fink Y 4 26% |the bear market were made such importan 463 Best & Co (2).. 8 Liquid Carbonie (3). 26 more & Ohio, and Great Northern pre- MONTGOMERY ©O., MD. Kreuger & T(m1.! d and, PERIODS OF 3, 5 or 10 YRS. Lehigh Valley (2 made the rest showing. 111 106 Beatrice Crm pf(7). Lebhman Corp (3) two hours new lows for 80% 74% Bel N Ry pt pf 14.82. 20% - t Jeaders as New York ral, W‘rnl“ As Mort‘.‘e Ibln §°"“P°"d"" 26% 14% Bendix Aviation (1). 30 TiEE & Myers B (16) Pennsylvania, Canadian Pacific, Balti- BOSS and PHELPS I of the Mdmpohm Life Insurance Bethlehem Steel (l). kid 33 ‘s I ... “ ferred. Atchison sold off within a| s Bohn Alumn (1%) ... #0 g s 2 bind or 50 of s extreme low. It was Company we are prepared to assist you. point Borden Co (k3). 3 58 Lonse-Wiles 12.90) 1 48% evident that the rails were headed for a Borg Warner (3. 1 Loose-Wiles 1at (7). 40s 121% lows. TR e “m Lie C e L b Aok riggs Mfg .. Lorrillard (P) Co... 125 1T% The | ncock Brockway MotTrk.. 9 2 2 90% Lorrillard (P) pf (7) 9% 99 Insurance Co. bateas s s m Bkiyn-Man Tran (4). 58% Ludlum Steel 1% stocks -~ e Bkiyn-Man Tr pf (6) % Ludlum Stesl pf. .. .. 30 Bkiyn Union Gas (5) 2 29 : i T3 23 McCall Corp (2%).. y Bruns Terma Rwre. 8 : MeCrory B A 5 WEAVER BROS -Hil .e ol : 29 McGraw-Hill (2) Risoriinn Ok docped Som ; ; REALTORS - MeclIntyre Pore M(1). B renas A DTIR) McKeespt T P(15% ). = . : i 29% Byers (A M) Co.-rrr F4 o e s Ta e A Washington Building District 9486 (3] ”‘% g}fl Plc:l;‘ (‘:).‘ mflh& still hl"l above its low, and | umet ecia . nel otors, although giving wey ' ~ L de Distri Jumbi %o 0 - grudgingly, made s new low ¢n the - in the -“' C ManhatElev mod g movement. nearby Maryland irginia Manhat Elev gtd (7). All this was accomplished without any ’ athieson Alkilf (2) 22% y important volume. There are almost no 85 Case (JI) pf 87 3 l-ymptlzrl(z%) weak margin accounts left in the street, 21% Caterpillar Trac 34 s fact which, of course, does not pre- 50 Century Rib M pf(7) IBI 2 . 5 vent stocks from going loger, but which 14 Cerro de Pasco (1) dourmm the possil of any forced Mid Continent Mo Kan & Texa Mo Kan & Tex p: 38 3 FIRST MORTGAGES the bears 2 - e A A 18 5 B A PR o s 4 ChiGreat Western, . BN BN Missouri Pacific. 15% Chi Great Westn pf. Missouri Pac pf ( 3% ChiMIIStP&Pac... 3 4% Montgomery Ward 53 BRIES 18 [Reeee s [ * S, . — Childs Company. ... 1 18 & » “i The textlle strikes in Prance caused | FidllCiflry TWO “‘)RET]ES Chrysler Corp (1)... 184 the reemployment of 15,000 workers in Beigium. |4 City Ice&Fuel (3.60) 1 Clark Equipment (2) 1 Cluett-Peabody (3).. 1 Coca-Cola (173%).... & Coleate-Pal-P (2%). 28 Collins & Alkman. Colo Fuel & Iron Col Gas&Elee (2). g::m;&nnl DLA (6). umb Graph (56c) . t ‘J'nm Co., has just returned from Col Graph efs (56¢). { Columb Carbon (§).. Prank P. Harman, vice president of | Comel Credit (2).... the Pederal-American National Bank | | Comel Inv Trust (2). & Trust Co., H street branch. has | Comel Solvents (1).. on vacation to Blue Ridge Comwlith&Sou (40c). it 90 Comwith&Sou pf (§) Harry J. Donoghue. assistant cashier Congolm-Nairn (1) .. of the same bank. has returned from Congress Cigar (4).. a mnln tour vacation. Consol Film. ....... ‘Washington Clearing House figures | Consol Film pf (2).. for todsy, $2,864,564.83 | Consol Gas N Y (4) ., Consol Laundries(1) Consol Textile € t 2% Container Corp (A). Brokers’ Comment 1 1 Container Corp (B).. | Contl Baking (A). e H 1% Contl Baking (B). TP T 34— Beokirany 44% Contl Baking pf (3) . ecomment today disclosed considerable 40% Contl Can (2%). > discouragement, over the lagk of success | Y 84 Contl Dia Fibre (1)., 34 Cont Insur (2.40). attained by the builish effort in the| i O M. . stock market of the past fortnight. Ex- 5 ntl Ofl (Del). tracts from commission house market 3 Contl Shar > letters follow : 55% Corn Products (14). Charles D. Barney & Co—There are | ;g5 uq Corn Prod pf (7). 7 Ohio Ol 19 seversl reasons which impress us as | Coty 1 o Y / Mgt & Suficient to explain the relative lsck of | s B B Y o e ) 1% - | National 2100 925 15th St. NN'W, success attained in the recent attempt ! Crucible Steel 0 - Otis Elevator (2%).. b 3 to turn the market as compared with scible Stesl nf (1) 505 . e o e bt : SAFETY FIRST more lmn?euxl""e mfi:&.‘“fi'&.&"fl: i by Catie Praducts. % 1y 4 30 Otis Steel prpf (1).. 608 | f ‘ i b ban- L - _ e —— | 1 S rtmant than arelBow R T % an | Pacific Gas & Bl (1), 12 You can bulld up a sieady in- | THERE IS NO SUBSTITUTE FOR SAFETY vi-.k. During the first six weeks of 5 daby Packing (4). 1 E 3 Pacific Tel&Teleg(7)100s mw by investing your surplus I year such weekly indices as car 7 Curtis Publish (4).. 22 11 B Packard Motor (40c) 25 i i Mnfl steel mill activity and electric | rtin Publish pf (7) 2 Pan-Am Ptm (B).... I power production presented s much 2w Curtine Wright, Panhandle Pro&Ref. Safe Guaranty L On most_advantageous more favorable picture than bas been' g, 3 rtis Wright (A).. Paramt-P(m1.62%p) 23 First | i 2 the case during the past five or &ix | 100 Cushmans pf (7).... | A 6 Mortgnge | ON D C REAL 7 - Aty - | 23 Davison Chemics L { Ford (1 3 A I Peated ‘much. brigtor in Pebruaty thun | 1874 1074 Delaware & Hud (3). 38 beaney 7 ) (24 Securities | ESTATE m do at the present time. Pinally, in { 4 Denver 8 RG W pf.. Y Penney(JC) pf A (l) S M i T ER Tt e ot w8 | "% Detrolt Edison (8) 1% Penn Dixie Cement.. 6 I Ideal Investment 6% Ml | - EIGHTH YEAR . 3 Aiamond Match (1) :u:: nmng;r (ec:n;alupoenlon uu:; " Diamond Mteh pf 1% el | :::: Penn Railroad (3). 9% Non-fluctuating investments se- sectacular eradication of the short in- e e P 250 183% G 9% il m.m"m,.d' Lo i S terest as was witnessed in June during oo iy 8 | o € o o o || rieht here tn'the NATIONS Gap- ff| Open Daily 9 to § Drug Corp (4). 3 7 gl dly. - 1 102% 95% . { the moratorium raily s On ot .0 | 2% 96 PhilaConew (8). . seal. Suturdaye Until Noon Are you alive to Teday’s E. P. Hutton & Co~—It is probable B4 Kastern Roll Mills « E 52 4% ones pf % 46 | Dennminnion- low n $100 NAtional 1381 that Oreat Britsin's problems will be + 118 r,..m.n Kodak (13) E 3 Philip Morris&Co(1) | nthly Payments if 'fi fon~ finally solved, although there may be 1 Kod pf (6 i % 1321 Phillips Petroleum. | sendSor Bookist ™ The Yuclint you o rpiensant road 13 the eventuet st | e L i o e . Investment "'z,-'u '_‘_“"':'_ | Petroleum 20 | | b i s Flour (3 .. REAL ESTATE L bilities to money A To(2). {4 I DER M ? l”l,bnlfiibd.-a.“ Prairieoll £ dss. MORTGAGE & GUARANTY . are Pressed Stevl Car Pnbll:!ve.\.!(lwl 8% 9%, I mfl Public Sve NJ pf (5) 1610 K St. N.W. U . W, Pummln Corp (4) 20% 20% 294 National 1403 Pure Pure Ofl Purity Bakeries (3). 271 12 Radio Corp. .. 60 31% Radio Corp (B) (5 241 11% Radio-Keith-Orph A, 291, 1715 Raybestos-Man 1.60. 5 Real Silk Hosiery. .. 5% Remington-Kand. 49% Rem-Rand 1st pf (1) Reo Motor Car (40c) . Republic Steel. Reynelds Metls(1%) 75% 69 Reynolds Tob A (3). 5415 40% Reynolds Tob B (3) 10% 84 Rio Grande Oil. . B Tndividadh Binevtats sl LOANS Trustees are subject to In Your iat, Snd or 36d Tewst Duet the same ills and inca- You Money? pacities as other people. IRS' m- DRTGAGES Real. Ehte Investment Co. A 'corpo,“: ;,-du‘;.,,‘ 6% FIRST T 3 such as this bank, on the . 5 * = First Mortgage Loans other hand, enjoys per- < First, that it will pay you liberal [§{ petual existence, and will interest definitely through the entire Lowest Rates of Interest and Commission ||| be “on the job™ no matter i term of the loan., Second, that the how d t the time its . A . . Thomas J. Fisher & Company, luc. s B Over a Third principal is secured by conservatively manded. ofa appraised improved Washington real cl:" 'lev:u'w:_l:h(mc::e!.:' Cantiery estate. Thus you can count on lib- Without & eral interest and safety of the prin- ' 3 National S e Noranda Mines. - s = e+ropo||+an May be purghased in amounts Norfolk & Southern 8 \ Nort® Westn (13- 7 161 2 | BANK from $250 up. p North Am Avilllo:. X r Amer(b10%stk) 35 3 rthern Cent (4). .. 408 I Flfteenth Street Northern Pacific (5). 3 I 1 Norwalk Tire & Rub. 1 « | 8, Opposite U. S. Treasury Norwalk Tire & Rpf 205 I % a p X 7 | in an investment in our £ U0 JUPGRUPS. PRS0t at Dairy (2.60). Dept Stores. at Enam & Stamp t Pwr & Lt (1) t Steel (2) 416 Mh St. N.W.. Reom 07 NAT. FumoanaRae 2 vada Copper (1) wport Co (1) wton Steel Y Air Brake (1). Central (6). . Y Chicago & St L. ¥ Chi & StL pf =% Rom ST 9 2 N i 3=.m, B N RCETS tiort and repercussions are almost cer- tain o effect us adversely to some ex- tent. We belleve the chie! lesson of | English troubles is that they should| Klec Pwr & Lt (1). properly turn our attention to our own Elec Pwr & Lt pf (1) plcture. With governmental revenues' 66 Blec Storage Bat (5) waning and extravagance undiminished; | 49 Eng Public Sve (2) with a new Congress, which| 3 Erie RR. ., be anxious to solve depression | Equit Ofice lro\lk by various costly panaceas, dur | Eureka Vac Cl withis & quarter year, an incresse in Evans Auto ¥ taxes or debt must of necessify be | an ted | e % Washion Park Frazie “& Co—Ou : Fashion Park As pf .. cable l:wr‘n,flkl.;o:oncorem" Fg’:;': Fed Lt & Trae pf (§) < Pid Ph Fire In(2.60). bankers and Snanciers in Paris acv. u i Firestone T & R (1) ng enyih : : bt xmc about Germany | 4 oo b ana lieve France will not B W Ta) Otrm-nv at all o 2. L4 Fowndation Ca: Fox Film (A) (2% Freenort-Tex (3) Gameweli Co (3) Gardner Motor . Gen Am Investors. .. Gen Am Tank Gen Asphalt (1) Gen Baking (2). o CrnFuns menceachan 3 Most Sought-for Investment Isa New Home First Mortgage This type of mortgage maintains the highest rating in all the h)q insurance companies. ¥ We have no record of them ever ha: n( been in jeopardy— ' shows the strides your fund con make today. In Any Crisis : Not Releasable Except by Payment in Full With Interest Name. .....omrecmasoamenssesosassnsses el Pay 6% Available in limited amounts through the office of P 8 #i0 L B atuils 69% 388, Safeway Stores (). 108% Bateway Strapf (7). i'n ...w;'z’.g..a_.__;: B S Arms (1). -::f'l!ornl.t ) :.:-s.»,.nq i BrewBifenen R