Evening Star Newspaper, July 13, 1937, Page 15

FINANCIAL. ) 5 . : . RS — W'_'—“ SPECULATIVE BOND DEALINGS QUIET Main List, However, Holds " Ground Won in Midyear Recovery. Bond Averages 20 10 10 10 Rails. Indust. Util Mgn Net change. +.1Unc. Unc. +.3 Today. noon 93.1103.0 87.0 73.2 Prev. day._. 93.0103.0 970 72.9 Month ago. 93.11029 978 723 Year ago. 93.3103.41029 69.8 1937 high... 99.0104.4 1028 74.7 1937 low 9091022 958 70.5 1936 high... 98.2104.4103.1 73.0 1836 low. 86.9101.8 99.3 67.6 1932 low. 458 400 646 422 1928 high__101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon _.._1111 Prev. day. 1110 Month ago 111.0 Year ago- 111.7 1937 high. 1137 1937 low.. 108.4 1936 high. 113.5 1936 low.. 110.2 1928 high. 1044 1932 low.. 86.8 (Compiled by the Assoclated Press.) By the Associatea Press. NEW YORK, July 13.—Convertibles and other bonds with a speculative ap- peal retreated in quiet dealings today, with some showing losses of 1 to more than 2 points in late trading. The main list, however, held the Zround won in the mid-year recovery, although there was no further in- clination to bid up prices. A number of foreign issues did better than do- mestic loans and recorded gains rang- ing to around 2 points Down fractions to 2 points were Southern Railway 4s. Youngstown | Sheet & Tube 3!2s, Studebaker 6s, International Telephone 5s. Great Northern 4s, New York Central 5s and Alleghany 5s stamped. A little higher were Copper 4!»s. Bethlehem Steel 3%s and Western Union 5s. Polish loans were up around 1 to 2 points in ex- tension of a previous advance. Japan 51,5 lost & point in fairly active deal- ings as bond traders watched war re- ports from the Far East, but the 6!.s held a small gain. FACTORY PAY ROLLS HIT Anaconda All time shown on which the Exchanse U S Gov't Bonds. Foreign Bornds. TREASURY. Hllh. 99.25 100.27 100.21 102.30 105. 106.18 106.12 106.8 106.31 109.30 27%8 1955-60 273 1955-60 reg 38 1951-55 3153 1946-49 33,8 1944-46 3148 1944-46 reg 3338 1941-43 Mar 338 1943-47 3% s 1946-56 48 1944-54 111.16 48 1044-34reg _ 11114 43, 8-31(8°43-45_ 106.18 48 1947-53____ 116, 105, 391949 3% 1964 HOME OWNERS' LOA 238 194244 23,8 1939-49_ 381962 102.9 FOREIGN BONDS. Hi Abltibl Pa&Pw 5853 Agr Mtg Bk Col 6847 Akershus 5s 63 Antioquia 7 Antioquia 18t 7 Antioquia 2d 78'57 n_ Antioquia 3d 7s §7 Argentine 4872 Argentine 414571 Argentine 5%s ‘62 Argentine 6s 57 A Argentine 63 59 Oct 10138 Argentine 6s '60 Sept 100} Argentine 6s ‘61 Febr 10015 Australia 4348 '56___ 102 | Australia 5557 10634 Belgium 7s Berlin 6558 | Berlin Elec 6= '55 | Berlin Elec 613 | Brazil 63,8 26~ Brazil 6338 ‘27-'57.. Brazil 7852 _. Brazil 83 41 Buenos AC 6 a 1004 10043 241y Buenos Alres 4%s-4%s'76 April Bulgaria 7s 6 Bulgaria 7% Canada 3s°67 | Canada 314s°61 Canada 4s ‘60 Canada 5s'52 Chile 6560 Chile 6861 Jan Low. 98.1 102.23 102.23 99.28 99.30 23 99.24 100.24 100.26 100.21 102.30 106.15 106.11 106.8 106.28 109.30 111.16 11114 106.1% 106.18 115.30 115.30 FEDERAL FARM MORTGAGE. 102.18 102.16 102.18 103.2 1032 103.2 100.10 100.7 100.20 100.18 100.20 1028 102.9 Approximate Transactions Today. 330,000 1,290,000 Domestic Bonds_.. 4.880.000 Clo 98. 100.21 102.30 105. 106.15 106.11 106.8 106.31 109.30 11116 111.14 N. 100.10 Low Cl 994 234y 998, 102 827y 833 8513 THE EVENING STAR, WASHINGTON, Cll\ dlan NR ¢ %8s '5! 'd! NR ¢ Cln dian NR ¢33 n Can'dian N 6869 July Can'dian N db 63,8'¢6 Can'dian P db ¢s perp Can'dian Pac ¢35 46 Can’dian Pac 43 s '60 Can'd P5s'ds cte. Can'dian Pac b8 '54 .. Car & Gen b3 ww. CaroCi & O bz'38 CaroCl& O 6s A Cent of Ga 18t s '45 . Cent of Ga con 58 45 Cent of Ga & C. Cent NE&G 6 Cent [11 Lt 81486 Centof N J gen 87 Cent of NJ gn 58'87rg Cent Pac 1st rf 4349 Cent Pac 55 '60 . Cert'd deb 54 '48 ___ Ches& 0318’96 D Ches&O 38’96 M. Chi B&Q gen ¢ Chi B&Q ¢%;8°'77 CB&Q1 div3s'49 rg Chi B&Q1 div 48 '49 __ Chi& E I11 6351 Chi& E T Chi & Erie Chi Grt West ¢ Chi [&L gen 6866 _ CM&StP4s’'89 CM&StP gn ¢% 589 c CM&StPb6s'75 CM&StP&P adj5s2000 Chi & NW rf 58 2037 C&NW Nr W 6%s'36 Chi R I&P rf 48 34 Chi R I&P rf 48'34ctf Chi RI&P 41852 ctf ChiR I&P ¢ 0. ChiUnSta3 '51... Chi Un Sta 4s'44____. Chi Un Sta 45 '63_ Chi & W In con ¢s ‘52 Chi & W Ind 4% s'62. CInG&E3%n 66 __ | Cin Un Term 5557 | CCoast 1L C div 4539 | CCC&St Lrf 4%877E | Clev Cliffs Ir 43,50 Clev El [113%3°65 _ Clev Un Ter 41877 Clev Un Ter 68'73 B | Clev Un Ter 515 8'72A ColoF&I58 70 _ Colo& So 4138’80 __ Columbia G & E deb 58°'52 April_ Columbia G & E s Comel Credit 338 '51 Com Inv Tr33% Conn R Pw 3% Cons Coal Del b Cons Cons EAN Y 31,8'56 Cons Gas NY 4148’61 Consol Oi131,8°51 Consum Pwr 3% 8'66 Consum P un 314865 Consum Pwr 314 0 Consum Pwr 33,3 '65 Container deb 5843 _. Hirh, 113 113% 112% 116% Low. Close. 112% 112% 1131 1134 112w 112% 107% 10674 110% 104'4 101% 101% 106% 104 9314 1071, 109% 102 10615 1001 10314 1031 4 1061 1011 10114 BONDS ON N. Y. STOCK EXCHANGE Sy private wire direct to The Star. High. Low. 86 86 86 104 104 9315 937 Clos Mohawk & M 48'91_. Monong Pub 8 Mont Pwr 3%s Namm & Sons Ni Nat R M 4138°26 asst Nat Ry Mex 4%;8'57as x\nu Steel 48 65 105% 10651 119% 119% 125% 126% 9613 9613 96 96 92 92 52% b4 108% New Or Ter 1at 45 '53 New Orl T&M 58 ‘54 B NOT&M 63 8'6¢A cfs. N Y Central 3%s'62 NY Cent 314597 r NY Central 3%s 4 NY Cent con 45 93 NY Cent rf 43482013 NY Cent rf 632013 NYC Mich C3% NY Chi & St L ¢ 48 NYC&St L 4387 NYC&StL 6% NY Chi& St L 6238 NY Edisref 3%s'66_ NY G El H&P 68" 1! NYL& W ist 4s NYNH&H3% NYNH&H 43°b NY NH & H ¢%s NYNH&Hcv 6s'48. NY O&W gen 48 '55 NY O&W ref 4s 92.. N Y Rys 6s'58 A stpd NY Steam 1st 63 °51. NY Steam b3 ‘56 NY S&W 1strf 58’37, NY S&W gen 53'40__.. NY Tel gen 434839 NY Tr Rk 68’46 stp NY W&B 4%s Niag nmp.w..'u Niag Sh6%8'50 . - Norf So 1st ref 5s'61. Norf & W 1st 45’96 __ North Am Co 68°61 _ North Am Ed 6857 A North Am Ed 6563 C North Am Ed 5%s'63 Nor'n Pac gen 38 2047 Nor'n Pac s 97 ____ Nor'n Pac 4% s 2047 Nort'n Pac 68 2047 C.. Nor'n Pac 58 2047 D. Nor'n Paa 682047 ___ Ohio Edison 3% 8’732 Ohio Edison ¢s°65 __ Ohio Pub Sve 78 "47_. Ogden L C 48 48 Oreg W RR 48 61 Otis Steel 414562 PacGas & F13%s'66. PacG& E3% PacG& E 4 Pac T&T 3% Panhand EPL 48 '52_ Param’t Pic 314 8°47 Paramount Pic 6= ‘65 Pat& PG E5SS'40_ __. Penn Co 4 '63 Penn Glass & S'60 1T% 104 103% 101% 10315 1108 99 104% 111% 24 | pos Inter-bank D. - C, FEDERAL RESERVE BANK CONDITION Summary of Assets and Lia- bilities on July 7 Is Announced. B the Associated Press. The Federal Reserve Board's 101- city member bank condition statement today gave the following summary of assets and liabilities on July 7, to- gether with changes for the week and with the same week last year, in mil- lions of dollars: July 7. July 30 gulss Loans and In- i vestments— otal 24 3% an l-mcunuu securities herwise s - cured and un- secured Open market ape Loans to brokers and dealers in securities _ her loans for purchasing or carrying secur- ities Real estate loans Loans to banks. Other loan: On securities Otherwise cured and secured Government ~ di- rect obligations Fully guaran- teed Govari ment obliga- tions Other securities Reserve h Federal Cash in vault Balances with domestic banks 1.743 | Demand deposits —adjusted 14855 332 Time deposits 5249 - 14 0 | Government de- | de- | Dos! | Dometsicbanks Foreign banks Borrowings “Due (o eha figures are not e in form. comparable ailable. | BUTTER — 4-pound prints. nnm\fl prints. sgore, 1-pound prints. 36; : o0 score. 1: 1 Dound "prints.© 363 calves, 15a Spring lamb. “3: Fall Jamb. 15, fresh pork. 3. frozen pork. | 24 pork loin. k. fresh hams. 4. smoked | |N 'TUESDAY, JULY 13, 1937 Crisis in China Of Little Notice In Wall Street By the Associated Press. NEW YORK, July 13.—Wall Street kept an eye on North China, where Japanese-Chinese tension was re- ported growing today, but the ef- fect of the trouble appeared small in financial quarters. The yen was quoted at 28.94 cents, down 0.01 of a cent from yesterday's close. There were few offerings at that price. Japanese dollar bonds were unchanged on small transactions in the stock exchange. Bankers were advised the Govern- ment would support the yen near its present level should any pressure ap- pear. In recent weeks Japan has shipped many millions of dollars in gold to New York and London to de- fend the international value of its currency. Brokers said the crisis so far had exerted no influence on the stock market. INVESTING COMPANIES NEW YORK. July 13 (P.— Becurlty Deaisis” Associntion 07 YO (Noon quotations.) Admin Fd 2nd Inc Am Business Shrs_ Am Gen Eq Inc Am Ins Stocks Bancamer Blalr kers Nai, Inv Corp c Industry Browa 835 Bullock Fund Corporate Trust orporate Trust 4 A Corp Tr A A m Gorb Tt ‘Actum Ber” Corp Tr Acc Mod Asked. 19.90 13 Stad 1: 8 a 4 8 25 iam3is N Depos Ins Shrs Depos Ins Shrs Diversified Tr C Dividend_Shrs PFidelity Fund Inc Pirst Boston Corp Fund Bank Shrs Fixed Trust 8h A Fiscal "Fund Insurance Found Tr Bh A Fund Investors Inc Pund Tr 8hr Fund Xr “8hrs B Gen Investors Tr Group Sec Agriculture Group Sec Automobile Group Sec Building z Group Bec Chemical _ _ Group Sec Food Group Sec Invest Shrs Group Sec Merchandise Group Sec Mining Group Sec Petroleum Group Group Group Sec Tobacco Huron Holdinz Incorp Investors Instl Sec. Bank Group Insti Sec: Insurance Investors Fd Inc ¢ Kevsion Cust_Fund B-3 Majors shts Corp and Fund - s Invest Tr Mutual Invest ation Wide Sec Nation Wide Voting_ FINANCIAL COMMODITY PRICE LEVEL AGAIN RISES, Wholesale Index Nears High- | est Mark Recorded Dur- ing Present Year. Advancing for the third congecu- | tive week, the wholesale commodity price index compiled by the National Fertilizer Association in the week ended July 10 rose to a point near the highest level recorded this year. The index last week was 88.6, based on the 1926-1928 average as 100, com- pared with the highest point for the year and the recovery period of 88.7 In the preceding week the index was 88.3, a month ago it was 86.9 and a year ago 78.7. Rising prices for farm products were primarily responsible for the con- tinued upturn in the index. Higher quotations for cotton, grains and live stock raised the index of farm product prices to the highest point reached since recovery began in 1933. Slight advances were also registered during | the week by the indexes representing the prices of textiles and metals. A reversal of the downward trend in steel scrap prices was partlally respon- sible for the upturn in the metal price index. Foodstuff price trends were mixed | e it REAL ESTATE LOANS RESIDENCE and 5% SMALL BUSINESS FRED T. NESBIT PROPERTIES. 1010 VERMONT AYE. DISTRICT 9393 and Equipment ACCOUNTANTS' SUPPLIES he WalcottTaylor Co.Inc MILLS BLDG. MEtro. 5846 during the week. Although the num- ber of commodities included in the Broup which advanced exceeded the number of declines, rather sharp re- cessions in certain heavily weighted Items resulted in the index remaining unchanged for the week. Lower quo- tations for lumber and lime caused a moderate drop in the building material index. This index has now lost most of the rise which occurred from the first of the year through the early part of May. Twenty-eight price series included in the index advanced during the week and 18 declined; in the preceding week there were 37 advances and 18 declines; in the second preceding week there were 32 advances and 29 declines. Melville Shoe Corp.—Sales, weeks ended July 3, increased 118 per oent. Twenty-eight weeks' gain was 14.4 per cent four OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1118 Eve 8t N.W. Phone NA. 2184 Investments First mortgage notes, 67 well secu 0 new buildings in Washington and near- by Marylond. Denominations of $500 up. Interest 69, Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 Safety of Principal— Assurance of Income FIRST MORTGAGE NOTES Selected properties and conserva- tive appraisals combine to make these first mortgage notes one of the soundest offerings we have ever sponsored. SHANNON & LUCHS Members of the Washington Real Estate Board Natl Investors 'w England Pund Y Bk Tr 8hrs ¥ Stocks Bk St Y Stocks. Bldg Supply Y Stocks. Elec Equip ¥ Stocks, Insurance ¥ Stocks. Machinery N Y Stocks R R Equip Y Stocks. Sieel Rorin Am_Bond Tr etts Nor Am Tr_Sha Nor Am Tr Sh 1935 | Nor Am Tr 8h 1956 Penn P& L 41;8°81 Penn RR3%s w1 Penn RR3%s'10C Penn R cn 4548 stp Penn RR 41,8°81 D _ Penn RR 4% x'84 | Container 6s'46__ Crane Co 315851 | Crown Will P 68’51 _ | Cuba Northn 515842 | Cuba RR 6536 | Cuba RR ref 7345736 « | Dayton P&L 338 '60 Del & Hud ref 4s 43._ [DelP&T 41:8%60 . 2| Den & R G con 4836 Den & R G ref 5s'78 Det Edison 31,8 66 _ | Det Edison 43 '65 ¥ | Det Edison 4158 ‘61 D 76 | Duquesne Lt 31,565 54 | Elec Auto Lite 4% 52 233, | BI P & S W ax'50stpd 105 | F1P&S W ref 58°65._ 105 | Erfe gen 4596 = 1045 | Erfecv4s'53 AL Erfecv 4s'53 B_ Erie ref 5867 Erieref 5875 Fairhks Morse 4s'56 | Fla EC Ry 5814 | Fla ECRy 55 T4 ctfs Gen Mot Acc 38°45 ™| Gen Mot Acc 3% 8 '51 34% | Gen Stl Cast 535m°49 2| Goodrich 4% s'66 Goodrich 6545 Gondvear T&R 6% '57 Goth Silk H 5846 ww Grt Nr Rv 3%,8'67 Great N Ry 48°46 G Grt N Ry 48'46 H Rrf4%s'6l A 10415 10415 101 100% 105 47 Rams. 28 sliced bacon siab bacon. 30. compound. 14'5: i1 Live stock—-Pigs 11312, " mediums pounds 815810 Prices pald shippers. net ingion, | By’ the United Btates Burcan of ; sricuitural Economics Bony RIRieoDi4 A sis0 EGGS —Prices ', cent lower on United | Penn RR zn 4148 States Government' graded extras. Other | Penn R deb 414x*70 102 grades unchanged and sieady Current 2 = receipts. ©0 to ©1: hennery whites 22 Penn RR gen 5s 48 25 Governmen: sraded and daied Shite Tare Mara 41«20 esrs S extras large OA! 8 Thelps Dodes 315<'52 extras. 7 34550 8! Phila B&W 4148 5 Phila Cn 5u 67 Phila Flee 3114 67 Phila & R C&T | Chile 65 '61 Feb: 1505 H St. N.W. Natl. 2345 | Chile 65°62 hogs = 0 ks NEW RECOVERY PEAK : Chile Mtg Bk 6s 5” = According to the Alexander Ham- |Chile Mtg Bk 6% | Chilean Mun L 78 ilton Institute, factory pay rolls showed | Golotabiaios 6l Tan a further gain in May, with the index | Copenhagen 4 1 W for the recovery | Copenhagen T TIEOgdto A e peak ™Y | Copenhagen bs 52 . movement. In May the index Was|Cordoba 7s 42 prv.__ 105.1, as compared with 104.9 in the | Cuba 5%s 45 previous month, an increase of 0.2 per cent. Denmark 6s 42 Compared to May, i829. the pre- | Dominic 1st51;8'42_ depression peak, factory pay rolls in| Dresden7s’45 May of this year were only 6.9 per|Frankfort 61s'53 _ cent lower, while the increase over | FrenchG 7s’49unst. the depression’s low in March, 1933, | French Gov 7138 41 amounted to 1773 per cent. Thu.u?”“rf}"zc' ":“‘;““ st factory pay rolls in May showed a re- | Ger C Bk A 6s covery of 89.6 per cent of the decline | Ger C Bk A 6560 July which occurred between May, 1029, | Ger G 2K A 660 Oct- and March, 1933. 174 N N N N |N X 274 983, 101 100 951y 66% 100% 1003, 1058 First Mortcace Loans District of Columbia, Nearby Maryland and Virginia 5% Terms from 3 to 15 years Also Monthly Payment Loans RANDALL H. HAGNER & COMPANY INCORPORATEE 2 1“;]'_ standards. 1003, 10414 109 1141 1051 10918 | Quarteriy Income Sh | Selected Am Sh_Inc | POULTRY _Market_steady at un- | Spencer Trask Fund changed prices Foml ~Colored. heavy. |Stand Am Tr Shre IR to 17 a few at 1%: No. “s. 13' Leg- | Stand Util Inc horns 1% to 14 111, Toosters. (10 | Super of am Tr A Chickens' Crosses. 20 to Rocks Super of Am Tr AA %0 to ™ “Leghorns. © pounds. 15 | Super of Am Tr B fexs "than '3 pounde gn - Turkevs. Old | Sube | rens 18" c0 1% ald tome. 11 10 4. M e | Super of Am Tr C__ Frults and Vegetanles Super of Am Tr D in large lots by riainal receiv- | Supervised Shrs D to X am toda . Trustee Stand Inv CANTALOUPES—-Gne California arrived Trustee Stand Inv four 'broken and two unbroken cars on | d Ind track. ~Western stock moder- mand moderate: kit Meas mediums. Denmark 53 c Homes Apartments Business Properties 10515 i 1091 10615 109 1051 10014 o - 1061 Philinnine Ry 4= 27 Pitts& W Va 448’59 B Port Gen F 4% 940 Postal Tel & C K«’52 Purity Baking 55’48 R-K-0 =41 2 Reading Jer C 4n 51 Reading R 4148°97 A Rem-Rand 41, 8'66ww Repuhlic St1 414x '50 Repnblic St 44w Renuhlic St1 414 | Revera Con 41/ StTIMRS NG 4s°33 StLP&NWAs'4 - StLRM&PS StT,-S Frands StT-SF48'50 A ctfs St L-S Fran 41487 S-S FALeTR of st St L-S Fran 5850 R StLSF5m'50 Betfs StLS W 1at ter 5x’52 San A & A Pasmdn'43 Santa Fe P&P 5’42 Schuleo R14%46 A stp Sehulen Rl e "4k B Seahd A T, 4«50 ofs st Seahd A T, ref 4«'50 Seahd A T rf 4859 cfs Seahd A I, fu'45 A Seahd A L Rx 45 ctfs Seabd A-F1 68’35 A ot Sharon Stl ev 415851 Shell Un deh 216= 51 Silesian Am 7= '41___. Skellv O11 42 °51 Socony Vac 3158'50 South Bell T&T 5841 So Colo Pwr 65 47 A_ South Nat G 0‘5!‘61 So Pac 33846 So Pac co) 4549 So Pac ref 48’55 So Pac 4158 '68 SoPac 41869 So Pac 41,8 '81 So Pac Oreg 4140°17 SoPacSF T 4x'50rg So Rv gen 4856 A So Rv 53’94 So Ry gen 65 56 __. SoRy6138°56 S W Bell Tel 3%5'64. Staley AE4s 46 ___ 1 Stand Ol N J 38 '61 Studebaker cv 65 Swift & Co 33,850 Symgn G&G '56 xw__. Texarkana 514850 Texas Corp 3%;8°61 Texas & Pac 65 '79 C_ Texas & Pac s 80 D Third A ad in ex 5866 Third Av ref 48°60 _ Tide Wat Oil 33452 Tol St L & W 4850 Un Oil of Cal 335x'52 Union Pac 3%8s 71 Unjon Pac 1st 4547 UnPac4s'4Treg Un Pac 1st rf 45 2008 Un Pac 18t rf 55 2008 United Drug 6853 U S Pipe&Fy 31536 U S Rubber b3 '47 Utah L& T 58 44 A Utah P& L 5844 Uti) P & L 53 59 ww_ U1 P& L6%8'47. Vanadium cv 58 ‘41 Ver Sug 1st 75’42 ctfs VaE& P1strf 4365 Va Rv 18t 338 66 A_ VaS W conbs'58 Wabash 4158 78 - Wabash 41;= 78 ct{s. Wabash 18t 68 39 Wabash 2d 5s°39.. Wabash 65 '76 B Wabash 63 '80 D Wabash 6%s 75 ctts_ Walworth 4s Walworth 6s ‘55 new Warner Bros cv 6s ‘39 Warren Brcv 65 '41_. Wash Cent 4s '48 W Sh Ist 45 2061 gtd West'n Md 15t 4552 Westn NY&P gn 48'43 Westn Pac 68 46 A West'n Pac 6546 A a8 West'n Un 4338 50 Wlltn Uncltrbs'38. 1028 124 1, 1021 1017 /11, 101 1041 105 a9 958 1304 10915 114 105 1051 1175 114 102 T 241 1021, ans. Salpon HONEYBALLS—One California arrived: one broken car_on track Supplies 1 Ample funds for conser demand light: market steads gage loans on improve Jumbos _ 3iis 3s. 3.50-3.15; D."C. proerty. ards 138 HONBYDEWS —Two California arrived: | Address Box 203-E, Star Office five broken and three unbroken cars on track " Supplies light. demand moderate K California Arizona NMeats. sumbos 45¢ MORTGAGE LoAN CORRE SPRONDENT NewYerd .Z/ Fsurance grm/a ny 1321 Connecticut Ave. N.-W. Telephone: DEcatur 3600 cg/wtf Zetm CONSTRUCTION LOANS in District of Columbia or nearby Maryland SIX MONTHS TO ONE YEAR 5% Upon completion of buildings, these loans may be extended on one of several long term monthly payment plans; or for three or five years, without curtails; interest semi-annually. H. L. RusTt ComMPANY 1001 FIFTEENTH STREET NATIONAL 8100 6 ve 15t mort. 65 un st Marsiand and Juls Ger Gen NEW YORK BANK STOCKS | Ger cov wen'm; Bl and asked prices | Grt CElJap 612850 City (1) Hung Con M 73545 Ger Gen Ger Gov { Ger Rep 13 @ —Over-the- 5 bank and trusi companies | Ger Rep7s 49 un st Asked. | GriC 2 BX of Manhattan (1'2) . ked. | Grt CElJap 7s 44 - Chase (1.40) s v, | Haitl 6852 Commercial (%) First National Money for Construction Loans < demand slow: market North € Carolina. Salmon Meats. 5 crates Michizan arrived broken and one unbroken cars on t Supplies moderate: demand light » crates L 250-3.00, California. one New York arrived. one car diverted: six broken and eight unbroken cars on frack. Sup- piies moderate: demand slow. market weak Icehers 1vpe New York. Eastern dozen. %3 | rrivals moderate New Jersey. 8. No 1. 1.15 PEAS- t arrivals: three broken and 1% unbroken cars. on track. Supplier moderate: demand _light. marker “steady. Bushel Nampers, Telephones. California 90-200. Washington. PEACHES —No carlo: arrivals on track. Truck receipts light light demand lizht: market steady. Carolina _1.-bushel baskets. No | nimum inch, mm|mum (100) an Loans on Existing Properties 5% FIRST DEED OF TRUST ONLY GEORGEI.BORGER 643 Indiana Ave. N.W. Nat'l 0350 Bankers BKiyn Trust (4) Central Hanover (4) Chemical (1801 Continental « 80) Corn Exchange (3) Zmpire (1) Guaranty Trving (.60 1 1tal P U Crd 78°52 Jugos Mte Bk T8'57__ Japan 613860 Japan 613s 54 . Kreug&Toll 55°'59 cfs Lombard Elec 7s'52 . Medelin 6158 54 Mex 48 10- 45a8st sm Mexica 5s'45 asst Ize [GrtNRgn4 GrtNRSGs 52R __ Green Bay 55’62 B 8 | Gulf M&N 538 73 | Gulf Sta St 415861 1115 | Har Ry P.C 1 stds 54 5% | Houston Of] 514x 40 3| Hsatonic con 5837 7172 | Hudson Coal 68 73 | Hud & Man tne 5s ogn, | HUd & Man ref 6857 1028 | 1 Rell Tel 3358770 _ | Norway 56 i | 111 Cent col tr 4= 53 | : Michigan Trust (3) e Guaranty & Trust FEDERAL LAND BANKS NEW YORK. July 13 #.—Federal Land Bank bonds ONS—No _carlot on " track. Supplies light: “market steady pound sacks vellows. U 2 10615 T4 R414 £ 95% 1071 ¢ 5. Noon auotation, | 111 Cent vef 48 | 11 Cent 4% 111 Cent ref 58" 111 Steel deh 415 ICC&ST LN O Int RT1st rth Int R T 6532 Int R T 6s'32 ctfs IntRT 7832 Int R T 7s '32 ctfs Interlake Iron 4847 Int Agr-cl 5542 stp_ Int Grt Nr 58 '56 B Int Grt Nr6s'52 A Int Grt Nrad) 68'52 A Int Hydro Elec 644 Int Mer Marine 6541 Int Pap 1st 55'47 A__ Int Pap ref 6855 Int TRT cv 4%s'39 Int T&T 4553 Int T&T 5& '55 Iowa C 1st&rf 4851 . James F & C 4s'39 Jones& L Stl 4% 8'61A Kans C So 1st 3s'50 _ Kans C F S&M 4536 Kans C Ter 18t 45'60 Kan: City So ref 58'50 Kings Co El 4549 Kinge C L 1st 615854 Kresge Found 3147 Laclede Gas 58'39 Laclede G 5148’63 C .. Laclece G 51,560 D Laclede Gas 68°42 A_ LE& West'n 3847 Lake S&M So 314897 Lantaro Nit 1975 Leh Val Coal 5864 __. Leh C&N 43,864 A__ I.eh Val Har 5854 Leb V NY 41:8'40 gtd Leb V P con 48 2003 Leh V P con 41,8 2003 Teh V RR con 5s 2003 Leh Val Term 5s'41_. Ligg & Myers 53 '51__ LiEg & Mvers 73 '44__ Loew's 31,846 Long [s] ref 45°49 Long Isl rf 4849 stp_ Long Isl unif 4s'49 _ La & Ark 63 69 Lou & Jeft Bld 48 *45_ L & Nash 3% s 2008 L &N 15t 482003 ____ L & N unif 4240 L &N 4%= 2003 C. L&N5®2003B _ | L &N StL3s'80 McCrory Strs 58 '51 - McKess&Rob b1,8'50 Manati Sug 7%8 42 Man S 18t 73, 8'42ctfs Manhat Ry 43 Manhat Ry 48 ‘30 ctfs Mead Co 6345 Met Ed 1st rf 415868 Mil El R&L 58 ‘61 Mil E1 R&S L rf 6811 MilSpa & N W 48 °'47. MStP&SSM cn 45'38 MStP&SSM 58°38 gtd MStP&SSM 5% 49 MoK &T 1st 48’90 . MoK&T4s 62B . MOoK&T68 623 A . Mo Pac48‘76. .. Mo Pac 63’65 A. Mo Pac 55 '65 A ctf; Mo Pac6s"11F _ MoPacbs'18G . Mo Pac 58'78 G ctfs. Mo Pacb5s'80H _ Mo Pac5%s 49 A_... Me Pacific 5&' 81 [ Mo Pac bs'81 I ct 1041, 101% o 1025, Ta 10114 oatd no_cars supplies North 3 f)nnmnl Dev 68 Oslo 412865 Panama 5563 Panama 58 " Mortgage Money INTEREST COMMISSION 16 Toite | 10113 10078 1017 R inch minimum Other Quotations. POTATOES supplies_mod weak Eastern Shore. Va Cobbiers. U. S. No. 1 few 210 TOMATOES—Truck ‘recei liberal: | {upplies liberal: demand slow: market dull: | Maryland. lug boxes. green. ripes ur: ine wrapped. Gxf and larger. 1. WATERMELONS —Two Flor! Georsin one Notth Carolina. five’ South Carolina nrrived. two broken and nine unbroken ¢ Truck receipts Iiberal demand _light: market ." Tom Watsons South ~ Carolina pounds average 30-60: Georgia MIXED CHOETABLES. 'No carlot ar- one_broken_car on frack BEANS—Supplies moderate light: market weak. North Caro- | pushel hampers. 1501 fair condition CORN.-Supplies liberal night market steady North Carolina. 5 3,00, Peru 7s ‘59 Poland 6s'40_ Poland 7s 47.. Poland 83 50 Prussia 6s 52 ... Queensland 7s '41 Rhine Rhur 6s'5 Rhine W K1 P 6s " Rio de Jan 6125 53 Rio Grdo Sul 6s'68 Rio Gr do Sul 78 "66__ Roumania 78 '69 Sao Paulo St 6568 _. Sao Paulo St 78 40 Sao Paulo St 7556 Sao Paulo St 8s 50 Serbs 7862 Shin'su EP 613552 __ Taiwan Elec 61-31'11. Tok1o bl%s 61 Toklo E L Ltd 653 Trondhiem 618 ‘57 - Uruguay 68°60 Un St1 Wks 6128’61 A Warsaw 7s'58 Westphal E P 6s'53_. Yokohoma 6s°61 ____ DOMESTIC BONDS. Adams Exp 4%s’46_. 101 101 Alleg Corp b8 44 96% 9614 Alleg Corp bs 49 . 90% 90, Alleg Corp bs 50 stp 68 65% Allied Stores 4%s'51 1004 1001 Am & For Pw 65 2030 80'3 80 107 106% 9974 993 99% 9%, CHICAGO LIVE STOCK. July 18 (Pi (United States Acriculture). —Hogs 13.- | 00 direci: markei very ."10-15 lower than Mon- 1aV's average: other hogs now arouna 25 vers little action on butchers | moderate w. market ve barrels, | 10015 1001 1001 20 31% 1114 724 101 974 g T4 LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia Biew choien good light sows, mostly calves. 2.000; strictly weight and weighty 50 lower than late last week siow at declne: common and medium grade that much or more off: the market having turned very slow compared with last week's ery active and sharply higher trade: light heifer ‘and mixed vearlings very scarce and about steady but all_grassy heifers and grass cows unevenly 25 to 1.00 under Iast week's light advance: bulls steady to no_prime steers sold: best held 6.35: few loads toppy cattle bid near choice kinds. such as sold close 10 strictly choice offerings last week. as much as ;5 lower: stockers and , down: thin natives, & hoice Southwesterns. X, weighty bulls broa r At 10.00 down Sheep. 6000, - mclug Spring lambs slow, Monday's close: top native Spring 11.00 to small killers: bulk. 10.50-75 10 local packers: as vet nothing done on fed wooled Californias: few sheep about steady: ewes around 3.00-4.50. CHICAGO PRODUCE. CHICAGO, July 13 (®.—Poultry. live, 57 trucks; hens steady; Hens, over 5 Ibs. 18: 5'Ibs. and less. 1 1084 107 121 105 » 1041 5 103% 9 29% 1%, 28% 87 TH% 2a1, 31x, | 284, 87 754 ThY 785, 101y 6814 30% 51 25 83y demand sacks, plies Petends Se 002350 ’PINACN -Supplies moderate: demand light market steady. Pennsylvania. | bushel baskets 60-85 RASPBERRIES —Supplies moderate: de- mand slow: market weak. ~New Jersey. | A2-quart crates. Blackcaps. 3.50 per crate: Redcaps. S pint CRANGES—] California seven unbrokm California. boxes, 4.00-5 moderate marke New Jer: llll% 6813 303 51 51 25 25 8415 83% 1014 6813 3015 10014 941 601 5915 50 9914 101% 34% 5614 9414 1001 9915 56 5915 67Y% 10415 122 A 129% 9913 103% 100 941 60% 5914 50 99Y% 102 34% 5614 944 10014 9915 568 5914 67% 10415 110'5 - 97 Prompt Action B. F. SAUL CO. 925 15th Street Natl 2100 113% . 110 107% 115 978 2814 107 100% 102'% 56Y% 574 102 21% 10813 105% 96 {[QUESTIONS THAT ARE ASKED ABOUT BANKING]} v 77 arrived: | oo | “ ES, we believe that banks are decidedly essential to community welfare. Our modern business structure is so complex that it could not function without banks. As a simple illustration, more than go% of all the business in this country is carried on by pay- ments with bank checks. Banks are the active hub of practically all business and financial transactions. Day in and day out they render useful, needed finan- cial services. They furnish depositors with a safe, convenient place to keep money. They make loans to local borrowers of business ability and integrity. They furnish employ- ment to local people and aid in making it possible for other activities to do so. They participate—directly and indirectly—in civic enterprises. Among the many elements essential to the success of a bank our officers and directors believe the most important is soundness built on the enduring foundation of community usefulness. McLachlen Banking Corporation Since 189 TENTH AND G ;I';EETS, N. w. S.W. Branch, 12th and Maryland Ave. S.W. Member Federal Deposit Insurance Corporation boxes. No. 1. 0.300 0,000 Nor 5 551-0.00. 8% to size LIMES —Florida. - bushel boxes.”3.00- 3.50:_Vs-bushel boxes: BEETS Peantyivanta. 20-35 per dozen ARROTS—Pennsylvania per dozen bunches. n c(ms!:wsmem Shore Maryland, hubné' baskets. 50 101 9614 90% 6514 100 802 107 9%, 99% 1044 112% 1063 12-quart climax boxes. 1.00-1.50: | 3.00-4.00 GE zPrnnul\lnu 1'a-bushel | LI—Pennsylvania, bushel crates, Invest Surplus Funds in WASHINGTON REAL ESTATE PPORTUNITIES for safe, ‘Profitable investment exist in real estate of the Nation’s Capital. Washi ton’s business properties, apartment houses and office buildings attract desirable tenants year after year. If you are planning to invest in property of this type, or wish to secure experienced management for an apart- ment house or business property, talk with us. WEAVER BROS i« REALTORS Mortgage Luan Corvespondomt Maropiitan Life Innrence Company. AmT&T3%s 66 AmT& T 4128 39 1044 103% AmT& Tb%s 43 __ 1125 112 Anaconda deb 4% 850 1065 106% Armour(Del)1st 48’65 981, 984 Armour (Del) 48°67. 974 9715 Armstrong Ck 0 1034 1034 A T&S Fead] 4s°95 st 10474 10474 A T&S Fegen 4s’95_. 111 110% A T&S Fedlys 48 108% 10814 Atl Coast L clt 4s°52. 95V AtICL un ¢%;s°64 4 ATE&SFeC A 413862 11215 llz'a Atlantic & D 1st4s'48 5115 51's AtIG & W ISt68'69_. Thtm 5% Aust & Nor 55 41 106'% 106'4 B&O Istas 43 ___ 105 105 B&O 48 60 2% T1% O 18t 5548 111% 111% O ref 95 A-... R3u B82% o o o ) barebacks. 19: roosters. s. 13: turkeys. hens, l\ll’ 915 13; ducks. re up. 12757 small, b'-& chxckelu 16-1% i firm:_prices_unchanged Ak Extra firsts fresh-graded frsts. current receipts. storage;] na:ked extras, 210: storake-packed frsts Storage-packed standards. o “egg futures. refrigerator N avaarar. Octaper Bl " Bechanee closs o sariy! nal hollany 8 Potatoes. 8: on track. 206; S. shipments, 481: California _White Rose and Idaho Bliss Triumphs weaker: other stock steady: sup- plies liberal: demand slow. Snrked per gL Californis White Rose. U. 8 2.10-15. most e macia Mmoun Cobblers. U. 8 g -40 S, 1 and partly n-d- 1.25-35: North cnmum Cobblers. 8. ‘commercials. 1,25;:30: Idaho " Bliss Friumoha B. 8 No. 1 3.00-20: NEW YOB,K SUGAR. NEW YORK. July (). —Raw sugar was _quiet today. Snoue the spot rice remailied unchanged In absence of business, suga: il able ‘st ihis level: In' some instances. it was believed 5 points less would have been accepted. but refiners showed no in- 14: Leghorn 15: toms. 1 white and col- 11%3; geese, 1.50 puRHUBARB—Pennsylvanis, 25 per dozen uncl BLUEBERR!ES—NO(!}I Carolina. culti- vated: 10-15 per pint. New Jersey. culti- vated 1520 BERRIES Georgin, 7-8 uua FAPES_California. Thompson su‘dlcss 2,00 o FINEAP PPLESFlorida 4.00- A0 PLUMS—No carlot arrivals: one broken car_on_track BANANAS-—No broken car on trac L. C. L. Express Receipts. craies asparagus. ugs avocados. 33 pasiets €gapiant. m lugs limes, Dackets okra, 10 '175-bushel crates peppere: CALIFORNIA—46 lugs avocados, 32 12 74 oushel, baskets 220, crates cantaloupes, bushy baskets_cucumbers. 63 bushe] by Deane 28 Abuehel buskers okr baskeis peaches. 43 30-pound oes. BOUTH CAROLINA—62 bushel baskets cucumbers. 160 bushel basket: 34 per lugs, crates. arrivals: carlot —one K. few, 5296 F .- 821 82 ref 682000 D._ 824 81% ref6s 95C _ 95 94% O PLE&W V4s'41 1033 10314 B&OSwnbs 50 . 104 103% Bang & Aroos 58’43 _. 113y 113% 113% Bell T of Pa b8 - 120 120 120 Beth § l 96% 96 984 Beth St 103 102% 102% Bos & Me uu'u J_. 75 75 75 Bos& Mebs 67 ___ 80% 80 80 BosNYAL4s'55.__ 23% 231 234 Bot Con M 6348 34 25 24 25 BotCon M 638 °34ct 241 24 24 Bklyn Ed con 3%s 66 1011 101% 101% Bklyn Un E168°50 _ 101 100% 101 Bklyn Un Gas 68 '45_. 113% 113 113 Bklyn UnGas 6860 94 94 .94 Bklyn Un G 68 67 B 105% 105% 105% Buff R&P con 4% %67 83% 83% 831 BCR&Nel5a'34 17% 17% Bush Term con 58°65. 59 59% | Mob & Ohfo 4148°77 . change for July 9: 5,504 sales to cus-| Capt. Bligh's ship in the film “Mutiny Bush Ter Bldx 65°60- 66 | Mob & Oh M div 6#'¢7 tomers involving 145,961 shares; 5,003 | on the Bounty.” All are interested in Camag 7843 ouss. 21% 21% 214 Mob& Ohiobs'38___. purchases involving 128,581 shares. adventure tales. e ; A s B& B& B& B& B& B& 6| Wheal Steel 4 853 W Sp Stl con 73 35 ot Wilkes B&E 1at 55 '43 Willmar & S F 58 '38. Wilson & Co 48 65 Wis C1stgn 48°49 ct. Y'ngstn S&T 3% 861 T'ngstn S&T ¢s°61 e crates tomatoes. 25 crates mixed vegetables, PENNSYLVANIA—142 3-pound baskets mushrooms. VIRGINIA—5 barrels watercress. 103% 103% 101% 101% 23 28 145% 101% 145 145 101% 101% oliowing_early irregularity. futures de- veloped s firmer tone. especially the No. 4 contract, which sold up on increased cov- erine and buyine by houses with position connections. influenced by _expectations ba_ would act for extension of export ptember 4 s0ld up to 123 and © 131, or 3 to 4 poinis net And neid around | the best at e No. 3 contract. after open- boint Jower on further Tauidntion: Tahiea "on” trade covering and 't midday wos unchanged to 1 point net higher. Sep- temb.r sold up from 245 to 246 and May to 2.3% Refined war unchanged at 470 for fine anulated, with fair withdrawal demanfy Adventurers Unite. Men of note as well as venturous souls unknown to fame have formed an Adventurers’ Cleb at Capetown, South Africa. One member is Capt. Henshaw, who played boatswain on ODD-LOT TRANSACTIONS. The Securities Commission reports odd-lot transactions by deslers and specialists on the New York Stock Ex- WASHINGTON BUILDING DISTRICT 9486