Evening Star Newspaper, May 9, 1940, Page 21

FIN Bank Clearings Show Substantial Gain Over Year Ago Total in Major Cities 11.6 Per Cent Ahead Of 1939 Week By the Associated Press. NEW YORK, May 9.—Holding about even with the previous week's | level, the volume of bank clearings | during the latest period expanEdi sharply above the total for the cor-! responding week last year. Check transactions in 22 leading cities for the week ended May 8 totaled $5,306,190,000, according to Dun & Bradstreet. This contrasted with $4,755,463,000 for the same 1939 week, or a gain of 11.6 per cent. The aggregate for the May 8 week was only $67,514,000 less than for the week preceding, whereas a similar comparison for the two like weeks of 1939 revealed a drop of $1,321,- 559,000. New York clearings, which showed a sharp year-to-year drop last week, rose 8.0 per cent above the 1939 total, the respective totals being | $3.120,714,000 and $2,889,581,000. | The turnover for the 21 cities out- side of New York amounted to $2,185.476,000, or 17.1 per cent more than the $1,865882,000 recorded a year ago. Except for a decrease of 3.6 per cent at San Francisco, all outside centers reported larger clearings than a year ago, the more important advances being: Detroit, 35.8 per | cent; Pittsburgh, 327 per cent; Baltimore, 228 per cent; Portland, | Oreg., 227 per cent; Buffalo, 223 | per cent; Cleveland, 19.8 per cent; Atlanta, 193 per cent, and Cincin- nati, 188 per cent. Bank clearings at leading cities, together with percentage changes from a year ago, follow; also the daily average bank clearings for the bonths of March, April and May w( date: | (000 omitted.) | Week May Per Cent 8! Change. 144 ~17.9 Boston Philadelphi; Buffalo Pittsburgh _ Cleveland Cincinnati Baltimore Richmond ANCIAL. MILLION DOLLARS LEADING OWNERS OF UNITED STATES institutions. Private Construction 27 Per Cent Ahead 0f Year Ago Volume Is 14 Per Cent Smaller Than for Preceding Week By the Associated Press. NEW YORK, May 9.—Private en- | gineering construction awards con- | tinued their gains this week, top-% ping their respective 1939 values for the sixth consecutive week, Engi- neering News-Record reported to- | day. For the week ended Tuesday, pri- vate contracts totaled $17,821,000, a gain of 27 per cent over the corre- sponding period a year ago. The vol- ume, however, was 14 per cent small- er than the previous week. Total engineerinng construction awards suffered again from a lag 8t. Louis Louisville Minneapolis Kansas City aha _ Dallas 3 San Francisco Portland, Oreg. Beattle __ Total New York Totalall ._________$5 Average dally; May (to date) pril Investing Companies NEW YORK. May ¢ (P —National As- | Sociation Securities Dealers, Inc.: (Closing quotations.) Bid, Admin Fd_2nd Inc Aeronaut Sec - Affiliated F Inc _ SAmerex Hold Am Bus Shrs Am For Inv Am Ins Stocks 2 *Bankers N Inv Corp A xd Basic Industry % *Blair & Co Comwith Invest “Continental Sh pf Corporate Trusi Depos Ins Shrs Diversified Tr © pividend shrs Equity Corp "$3 Fidelity Fund Inc scal_Fund_Ins Fixed Trust Sh A Found Tr Sh A Gen Capital Corp Gen Investors Tr Group Group Group Sec. Group Sec, Group Sec R R Equ Group Sec Bteel Group Sec Tobacc: Incorp Investors Sec.’ M'chandising Mining__ Keystone Custodn B Keystone Custodn B 4 Keystone Custodn K 1 Keystone Custodn K Keystone Custodn S eystone Custodn S 3 eysione Custodn S 4 Manhat Bond Fund Maryland Fund Mass Invest Tr 2046 070 e ation Wide Voting . atl Investors __ Stocks Elec Equip Stocks Insurance Stocks Machinery _. Stocks Oils —__ Stocks Railroad Stocks R R Equip N Y Stocks, Steel __ i o g or Am Sh 1 Plymouth Fund Ir Putnam (G) Fund arterly Income Sh *Bchoellkopf-Hut & Pom Belected Am sh Inc lected Income Sh Bovereign Invest ____ pencer Trask Fund __ 8tand Util Inc 'm_bids or offers, but ’heuld indicate aporoximate prices, and un- s otherwise indicated are as auoted by € 8DONSOTs Or ISSuers. *Not quoted by sponsors or issuers. Short-Term Securities (Reported by Smith, Barney & Co.) ofter. Als Gt Southern * 4 Alleghany’ Corp o er Tel & Tel ; 43 1 Austin & Northwestern 5s 41 Central undry tis 41 Central RR of Georgia 55 42 Chicago Union Station 4s 44 Childs Co 5s 43 - Colorado Fuel & Iron 5s 43~ Conn & Passump RR 4s 43_ Container Corp 5s 43 Cuba Northern Rwys 5%s 42 Delaware & Hudson 4s 43 Federal Lt & Traction b5s 42 Gr Rap & Ind 4'2s 41 104% Intl Hydro-Elec 65 44_ Internatl Merc Marine 6; Laclede Gas Light bs 4 Lake Eri | Bank _Texas & New. Orleans &,Light 85 4427 10313 ‘Warren Bros 6s 41 0 s 4a° Eiderar o Hst - a : sxas & New Orieans by 43 n_Oil of Calil 68 42 - Power 9 Western N Y & Pa 45 437 106% 4 | In public contracts, falling 2 per cent # |below a year ago and 17 per cent| & under the previous week. Public | construction was 13 and 18 per cent | lower, respectively, than last year and last week. Comparisons follow: Total. Previous Week. $61.746.000 Week. 8,000 Year Ago | $52.390.000 .000 $13.988,000 Municipal. $32,548.000 Federal. $4,974.000 $1 )00 $5.854.000 Washington Exchange SALES. Capital Transit Co—25 at 147, 10 at 1473, 25 at 15, 40 at 15. AFTER CALL. ‘Washington Railway & Electric 4s— $2,000 at 109. BONDS PUBLIC UTILITY. Anacostia & Pot 55 1949 _ Ana & Pot Guar 5s 1949 Capital Traction 1st 55 1947 City & Suburban 5s 1948 Bid. 102% 112 1007 MISCELLANEOUS. Chevy Ch Club 1st 4Ys 1957 104 Col Country Cl 1st 4'ss 1957 103 Ter R{ & W Cp 1st 4%s 1948 103 STOCKS PUBLIC UTILITY. Amer Tel & Tel (9) Capital Transit BANK AND TRUST COMP. Sec & Tr Co (e8) of Bethesda (75) Capital (v4) Com & Savings (v10.00 Liberty (6) » - Lincoln (y5) _ Natl Sav & Tr (4.00) Pr Georges Bk & Tr (1.60) Rigss (e8) Riges pfd (5) Washington (6 = Wash Loan & Trust FIRE INSURANCE. American (16) Firemen's (1.40) Union (.75) National TITLE INSURANCE. Columbia (k.30) Real Estate (m6 MISCELLANEOUS. Carpel Corp (2.00) =5 Lanston” Monotype (2.00) Linc Serv com (+1.00) Linc Svc 7% pr pfd Amer Est M & G pfd (.00 Security Storage (5) Ter Ref & Wh Corp (3) ~ L Wdwd & Loth com (s2.00)- Wdwd & Loth ofd (7) *Ex dividend. +Plus extras. 1 t50c paid mber V §1.00 extra paid January, 1940. extra Foreign Markets LONDON. May 9 (#.—British govern- ment bonds. after early weakness, recov- ered sharply in the Stock Exchange today on investment buying. The general market was a shade lower in light dealings following hiats of govern- ment changes and divided opinion on the progress of the war under Prime Minister Chamberlain. Tobacco and store shares were a little higher, coppers and ba: metals steady and industrials slowly traded, but over shares generally there was price heaviness, PARI the bour; was e renih 18 —Business on small today, With prices uneve London for new clues to rse. but Scandinavian issues again were weaker. Also tilting lower were _electrical. steel and coal mining shares which had been favored recently, Rentes moved without fixed pattern. but the dollar Ruaranteed issue was up 140 centimes. AMBTERDAM.—Stocks tended higher in early dealings on the bourse. today.. al: though prices sii] later on and were uneven near the close. Sugar shares Nows ever, were slightly improved and Royal Dutch scored a small advance. Boston Wool Market BOSTON, May 9 (# (United States De- partment of Agriculture).—Few mills or topmakers were showing 'any interest in wool on the Boston market today. Scat- tered inquiries were being made largely to secure information on offerings of the new wools that have arrived in th} market. The only actual buying was for smali quantiies to i out T ri | year ended April 30 was 30 per cent U 2 4 | Westchester ~(1.20a) 1546 B oo O Bbmmy Parker Pen Reveals Decline in Earnings By the Associated Press. CHICAGO, May 9.—Parker Pen Co. and subsidiaries reported today for the fiscal year ended February 29, 1940. Consolidated net profit of $170,373 after charges that in- | cluded $135,693 provision for un- realized loss from conversion of foreign accounts to dollars, This was equal to 86 cents a share on 197,757 shares of capital stock outstanding and compared with $359,364, or $1.75 a share on 199,382 shares in the preceding year. Sales of Infernational Harvester Climb Far Above 1939 30 Per Cent Increase Seen Despite Lag In Foreign Orders By the Associated Press. | HOBOKEN, N. J,, May 9.—Inter- | national Harvester Co.’s domestic business in the first half of the fiscal larger than a year ago, but foreign business for the same period was | down 10 per cent, Sydney G. Mc- Allister, president, told stockholders at the annual meeting today Since last October the company’s unfilled orders have increased to a level well above a year ago and the executive said he expected the cur- rent rate of improvement to be maintained. Regarding foreign business, Mc- Allister reported about 30 per cent represents exports, with the balance coming from the company’s foreign plants. While all the foreign fac- tories continue to operate and col- lections in foreign moneys are good, he explained uncertain conditions abroad make it difficult to tell how much of the foreign earnings can be withdrawn. Harvester, he said, has booked no war orders so far. He added that the company's new tractor is going 50 well it has been difficult to keep up with orders. 3 e — Insurance Stocks ORK. May 9 (#).—Nati - Becurities Dealers, Inco ™ A* Aetna Cas (4a) Aetna Ins (1.60a Aetna NEW Y sociation Life (1.20a) VT3 f e Ins Nwk Reins (1,604 Reserve (it Al Surety (212) Automobile Balt Amer (.20; Boston (168) Carolina _ (1.30) City of N ¥ (1.20) Conn Gen Lif '(.80)) Contin Cas (1.20)_ Fid & Dep (4 o Home Ins (1.20a Homestead (1) Knickerbocker (% Lincoln Fire Maryland Cas Mass Bond (3%) Natl Fire (2) Natl Liberty " (.20a New Amst 1588 . Hampshire N Y Fire (.8 Nor _East Nor River ( Phoenix (2 Prov _Wash (1a) (1.20. In ( Ins 1 a) Rep Ins Tex Revere (P) Rh Isl Ins Travelers U 8 Fid 8 Fire (2) aAlso extra tras, Q by ‘Natjonal Asso- n_ of Securities Dealers, Inc. which they do not necessarily reflect actual tions or firm bids or offers. but hould indicate approximate prices. or Paris Bank Changes PARIS. Mav 9 (P.—Bank of Prance statement, as of May 3, showed (in mil- lions of francs): Gold reserve. 84.615: unchanged. Bal- ances abroad. 86; decrease. 2. Discounted commercial bills." Prance, 5605: decrease, bought in France, 164, “Negotiable bills 7.289: decrease, 9. Advances against ge- curities. 3.511: 'increase, 100. 30-day ad- vyances against government securitles. 971 increase.” 743. ~ Temporary advances to state. 21.600: increase. 700. 13R944: increase. 2 d50. current accounts, 14.721; decrease, Ratio of gold to sight liabilities, 48. cent. compared with 49,16 Bank rate, 2 per cent. 1,132, 72 per last week. London Bank Report LONDON. May 9 (#.—Bank of England statement, as of May 8, showed (in thou- sands of pounds): Circulation. - 543.953; increase, 2,91 bullion. 1.436: decrease. 1. Reserves, 483: decrease. 2,832. Public deposits, 33, 144; increase. '13.389. Private devosits, 183.094: deciease, 17.239. Government securities. 139.078! in ., 100, Other securities, 27.307: 'decrease, 1.112. Ratio of reserve {o liabiiities, 20.1 per cent, com. pared with 212 last week. Bank rate, er cent. Federal Land Banks NEW YORK, May 9 (.—PFederal Land nk bonds: te. Maturity. July, 1946-44 Yugoslavia shipped many more lece rgent needs. o eombln:.tqu-dur-.lgau ':‘rlrlwrz ecelved some of lems as les of Small Quantities were closed at 68 to 70 cents, scoured. United States Treasury Position By the Associated Press. ‘The position of the Treasury May 7, compared with parable date ar ago: mlly‘llmgom e )’IA;G?! .94.0 feathers to other countries last year than in 1938. ay 7. $18,322,844. it s L e /811 15.808,538,850.10 R 29,0l BONDS—The above chart compares holdings of 10 large ~ I. 1. & T. Discloses $4,894,491 Profit During Year Result Compares With $6,889,846 Recorded For Previous Period B5 the Associated Press. NEW YORK, May 9.—The Inter- national Telephone & Telegraph Corp. in its annual statement yes- terday reported 1939 consolidated net income of $4,894491, equal to 76 cents a share on the capital stock. Net income for 1938 was $6,880,- 846, or $1.08 a share. The accounts of Spanish, Ger- man and Polish subsidiaries were not included in the earnings figures for either year. Sosthenes Behn, president, said that gross earnings and net income for the first eight months of the year were above the comparable figure of 1938. But following the outbreak of the European war the company’s operations were affected adversely by new taxes, rising law material costs, exchange restrictions and other factors. The war, Behn asserted, has thus far had no adverse effect on the company’s South American operat- ing telephone properties. American & Foreign Power. American & Foreign Power Co. reported for 1939 consolidated in- come after interest and other charges and after exchange adjust- ments of $4,668,023, compared with $3.935,390 in 1938. Declines in foreign exchange rates, an important item in the company’s finances, were responsible for drop in gross operating revenues of $1,- 265,202 to $58,543 446, C. E. Calder, president, said in his report. If calculated at exchange rates com- parable with 1938, he said, gross would have shown an increase of $8,616,972. More than 92 per cent of the company’s investments and subsidiaries are in Latin America. Calder said the 1940 construction program contemplates the expendi- ture of $10,000,000, compared with $5,696,908 in 1938. McKesson & Robbins. A consolidated statement of in- come and profit and loss of Mec- Kesson & Robbins, Inc., based on present capitalization indicated 1939 earnings of $1,600,000 applicable to the 1282983 shares of common stock, William J. Wardall, trustee, |sood cl announced. Net profit before debenture inter~ est of $4281,470, Wardall asserted, was more than twice the net profit for 1938, although net sales in- creased only 1.4 per cent. For the first quarter this year the net profit was placed at $963,186, against $638,565 in the previous year. American-Hawaiian §. S. The American-Hawailan Steam- ship Co. reported today for the March quarter net profit of $1,130,- 652, or $259 a capital share. The total included $701,011 net profit in | d excess of book value from sale of | & four ships. Excluding this non- recurring profit the quarter’s net in- come was $429,641, or 98 cents a share. In the first quarter last year net profit was $77,630, equal to 18 cents a share. Radio-Keith-Orpheum. Radio-Keith-Orpheum Corp. and subsidiaries reported 1939 net loss of $228,608 after a $400.000 settle- ment for lease obligations but be- fore provision for dividends of $297,~ 801 accrued on the 7 per cent pre- ferred stock of Keith-Albee-Or- pheum Corp. In 1938 a net profit of $18,604 was reported. White Rock Mineral. ‘White Rock Mineral Springs Co. March quarter net profit was $34,114, equal to 5 cents a share of common stock, compared with $38,927 or 7 cents a share in the like period last year. North American Co. North American Co. and subsidi- aries reported March quarter net profit of $5,557,487, equal to 54 cents a common share, compared with $5,- 181,017, or 51 cents on common, in the 1939 March quarter. Baltimore Building Far Above Year Ago Special Dispatch to The Star. BALTIMORE, May 9.—Building permits issued in Baltimore during April called for work costing $1,560,- 205.. This is an increase of 29.73 per cent over April of last year. New structures for which permits were granted include 295 dwellings of various kinds to cost $1,003,550. Dur- ing the first four months of this year permits were issued for 958 dwellings to cost $4,777,980. Two New Industries Added at Baltimore Special Dispatch to The Star. BALTIMORE, May 9—Two new industries and six expansions of ex- in Baltimore were | §: isting enterprises reported for April by the Industrial Bureau of the Baltimore Association of Commerce. They represent addi- tional plant investment of ,000 and will require 108 sddi Export Subsidy Plan To Cut Corn Surplus Is Announced Move Will Involve Sale Of Between 20,000,000 And 30,000,000 Bushels By the Assaciated Press The Agriculture Department an- nounced today the 1plu¢unuon of an export subsidy program for corn, designed to reduce record surpluses. The department asked export grain traders to submit offers under which grain would be shipped to Canadian and European markets. Officials indicated deals were now under consideration involving the sale of between 20,000,000 and 30,~ 000,000 bushels. The corn probably will be taken from stocks the Government has acquired under grower loan pro- grams. The Government would sell the corn to exporters at prices which | which enable them to meet com- petitive prices in foreign markets. Similar programs have been operated | to help sell cotton and wheat abroad. Officials said there was no indica- tion yet as to how much grain they would sell under the subsidy pro- gram. American corn is quoted at about 25 cents a bushel above Argenti:e grain in European markets, due principally to the price-supporting effects of the Government corn loan program. Officials said the export subsidy program possibly would make it unnecessary to hold a marketing quota referendum, which would be i the first of its kind for this crop. A referendum, if ordered, would be conducted in October in major corn-producing counties in 12 Mid- | Western States. Coming just a few | weeks before’the presidential elec- i tion, the results would be weighed | by political leaders for some indica- tion as to the attitude of corn farmers on the administration farm | program. Quotas, which would make farm- ers withhold surplus grain from the | market or from feeding operations | or pay a penalty, would require the approval of two-thirds of the farm- | ers voting. Officials expect that when the | 1940 crop is harvested, there will be 1 675,000,000 bushels of old grain on hand. A normal surplus is about | | 250,000,000 bushels. Much of this | grain is stored under Government loans to growers at rates in excess of prices prevailing in the markets at the time they were made, Chicago Livestock CHICAGO, May 9 (# (United States De- artment of - Agriculture).—Salable 5. 1940, Bankers’ President Sees Only Evil in Jones-Wheeler Bill Farm Credit Measure, Hanes Says, Would Put Bureaucracy in Saddle By the Associated Press, PINEHURST, N. C., May 9.—Pres- ident Robert M. Hanes of the Ameri- can Bankers' Association said today that the Jones-Wheeier farm credit bill, advocated by Agriculture Sec- retary Wallace, would destroy Fed- eral land banks, eliminate the “ex- isting co-operative agricultural credit system” and place the farmer “at the mercy of a single bureaucratic credit agency.” Mr. Wallace’s criticism of bank- ers who testified against the meas- ure, Mr, Hanes said, apparently was motivated by “politicai aspirations” and “the real issue cannot be ob- scured by the cheap political trick of calling names or impugning motives.” Mr. Hanes’ speech was prepared for delivery before the North Caro- lina Bankers’ Association, which set aside today as “Bob Hanes day.” Hanes is president of the Wachovia Bank & Trust Co. of Winston-Salem, N.C. “The real issue at stake here,” he continued, “is whether a system of agricultural credits operated by the farmers of the country with Government supervision and util- izing private capital shall survive or whether it shall be emasculated and perverted into a socialized credit system under centralized political control and financed by the United States Treasury.” Expleining the position of the American Bankers Association and commercial and savings banks on the Jones-Wheeler bill, Mr. Hanes said: “We believe the provisions * * * will injure rather than benefit the farmer, * * * will result in concen- trating practically all the farm mort- gage borrowing in the hands of a bureau of the Department of Agri- culture, * * * and would ultimately result in the Federal Government becoming the largest farm land owner in the Nation.” Metal Market NEW YORK. May 9 (#).—Copper. steady: electrolytic. spot. Conn. Valley. 11.05-50; i 1. New York. 1 Tin. Tby. 47.6° orward, 3 spot. New York. 5.00- t St. Louis. 4.85. Zinc. steady; is. spot and forward. . Pig iron. ~aluminum, antimony, quicksilver, platinum. Chinese wolframite and domestic | scheelite unchanged. REAL ESTATE LOANS NORMAN H. BARTOW 1331 5 5t NW. MEr. 2095.6 15t & 2nd Trust Loans Made U. S. Rubber Co. Declares $2 on Preferred By the Associated Press. NEW YORK, May 9.—United States Rubber Co. announced today directors had declared s regular quarterly dividend of $2 a share on non-cumulative preferred stock. The action was taken about a month ahead of normal schedule. Some financial quarters thought the move had significance in light of the $22,000,000 investment of the company in plantations in Dutch Sumutra and British Malaya. The preferred stock had been un- der some pressure recently in the market in what Wall Street inter- Ppreted as uneasiness over the possible spread of the war to Malaysia. The dividend is payable June 21 to holders of record June 7. Allies Boost Sales To U. S. in Quarter By the Associated Press. NEW YORK, May 9.—The allies succeeded in the first quarter in sharply boosting their sales to the United States, According to figures released by | the Department of Commerce, ex- | ports of the allies to this country in the first three months of 1940 totaled $515,586,000, compared with $297,387,- 000 in the same period a year ago, Our imports from other sections of Europe, however, were substantially smaller than a year ago because of the spread of hostilities and the al- lied blockade, PR I SN N Y Money for Construction Loans and Loans on Completed Properties (Owner occupied or rental) Favorable Rate FIRS1 OEED OF TRUSI ONLY s ! 3.000; total. 19,000; slow, open 10-20 lower than Wednesday's average; later trade mostly 15-25 lower: most off on 240 pounds down: sows, 10-20 lower: good and 180-270 ' pounds, 5: top. 5.90: 270-350 pounds. 5.30: 400-550 pound sows, 4.60)-5.00; 1 weights to 5.25 and above. Salable cattle 4.000: salable calves. 1.200; yearlings and light steers strong to shade higher than Wednesday's advance: medium weight and weichty bullocks strong: all representative ~weights measurably higher than Tuesday. week's low time; trade active on all grades light cat- tle: bost welghty steers. 11.35; nothing strictly choice here. however: 1.070-pound yeariings 11.25: very few above 10.00; largely. 8 50 market: all medium to sood light cattle 25 higher for week. ani most graaes weighty steers have recovere week's decline; selling steady with week ago: feeders scarce, steady at 8.50-8.75: cows dull ay, weak: bulls weak to 25 lower: practical top weighty sausage offer- ins, 7.00. but good many light bulls selling 25 down to 5.75: vealers strong to 2 igher: sele freely at 12.00; with DUl o o baRpT S roe ab 12.00; wi labje: sheep abie sl 000; total, 9.000; late Wednesday: fed iami oth wooled and clipped. weak to 10 lower; springers and 1at sheep around steady: no strictly choice fed lambs offered: best wooled skins, 10.25; clippers. 9.25: few California springers, 11.35: bulk. 11.25: ay" tradjng slo’ s: few 25: with 25. and few decks choice d_above: small lots 00; odd head fat 00; with overweights, at 8 clipped ewes around 4. 3.50 and down. Chicago Produce CHICAGO, May 9 (# —Poultry. li trucks; hens_easier, chic) about hens, over 5 s, 3 under. 17}2: Leghorn hen Rock springs. under 4 pound ers. 11; Leghorn roosters, 10% teady. » supplies rath- Idaho. " Russet hites. U. 8. No. 1. 1.65: Minn Dakota. Red River Valley sec- tion, Cobblers, 80 to 85 per cent U. 8. No. 1, few sales.' 1.50-60: unclassified, 1.30; Bliss Triumphs, R0 to 85 . 8. No. 1. few sales, 1.55-62%: Early Ohios. 60 to 80 per cent U'S No. i. 1.25-50; unclassi- fled. 1.30. New stock slightly weaker: sup- plies moderate. demand fair: track sales. carlots and less than carlots. 50-pound sacks. Texas, Bliss Triumphs. cotton_ and burlap sacks. U. 8. No. 1. washed. U. S.'No. 1. size B, few sales. 1.00; bama, 100-pound sacks, Bliss Triumphs. U. 8. No. 1. unwashed. 2.25: Louisiana. 100- . Bliss Triumphs. car fair unwashed. 1.80; Californis long whites, 100 pounds, U. 8. No. 1, washed. under ‘initial ice. 2.30-35: showing spotted sacks, slight decay, 2. under ventila- tion. 2. Triumphs, 100-pound 2.85; b50-pound sacks, New York Produce NEW YORK. May 9 (P —Esgs, 17.045: gtends. | Mixed colors, fancy Mo “exira . 10%-21: extras, 2-19: . Rea Brats. 1180 praed Riste T current receipts. 1613; mediums, 16/%; s, No. 1, 16%; average checks. remiumi _marks. idwestern - pre- specials. 1! n‘/l: heavier Resales of excl g to ey mediums, 17%-20%. Neerby and Midwestern mediums. 17 Browns: Nearby fancy to exira fancy, rby and Midwestern tandards, 18%; mediums, Dug 17-19. il i, come xtr “20%5: b it T T ; irregular. Prices un- Dressed poultry irregular. Frozen: Boxes, ki ‘uo rs, 16%-25: roasters, 18%- g%{e eA’llrlri"l’l: :M other frozen prices un- changed. ‘poultry, freight. weak. Fowl, nl’;’r‘u‘fl. 1 %&?&n lt:lé’llcdk ',',’:"g" 1% y. ens, crosses, Broilers, Rocks, 21-24%: . large, 22: medi Leghorns, large, 20- 17-18. "Fowl. colored, ns, 16-17: Southerns. 15. ium, 27: crosses, amall, 11-13, Dry Goods Market VW YORK. May 9 m,;e-tgr?u‘lrlz‘{"ter:u trade. continue to mal eir r- ance In course yarn fabrics, although sales some second-] Resales of 2 Nearby ~and mium " marks. 20-21% standards, 18Y-Ta. ures I ter "on guiminer Hoods, Wity n ::ld nrlm.-?n demand. Spot delivery mfien :&d‘h filament. o ‘buying w 88 ok re Tacreasins. ‘women wear has been retarded because of the tocks of cloaks and suits ‘remaining. on *Bilx Tabrics continued without Teatare London Bar Silver FIRST MORTGAGE MONEY available in large amounts at low 8. in DI te D. C. and vieinity Prompt consideration given to all applications. H. CLIFFORD BANGS 200 Investment Bldg. Met. 0240 Mortgage Correspondent Home Life Insurance Co. New York FIRST TRUST MONEY ® Low Rates ® Prompt Service Monthly Payment Loans as low as $6.33 per $1,000, per month. CONSTRUCTION LOANS F. H. A. LOANS BOSS & PHELPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life Ins. Co M7 E St NW NA 9300 Flexible Safe HOME LOAN SERVICE Made at lowest available in- terest rates, commensurate with type of security offered —plus the following features: @ All initial costs are definite, and there are no renewal charges at any time. Liberal Prepayment Privileges are avail- able to all borrowers. Monthly Payments may be made to con- form to borrowers’ family income. These combined fea- tures make the sim- plest, most economi- cal home-loan on the market. Consult our Loan Department for Further Information. FIRST FEDERAL SAVINGS anD Loan assoclation Conveniently Located: 610 13th St. N.W.(Bet.F 8 G) (No Branch Offices) . et e L 4 ¥ A2] 300 Tons of Lead Sold NEW YORK, May 9 (#.—8t Joseph Lead Co. reported 78 toms of Southeast Missouri pig lead sold yesterday at $4.85 per 100 pounds East 8t. Louis; 75 tons at $5.05 New York, and 150 tons at the New York average. e Half a Century of MORTGAGE LOAN Experience zE- WEAVER BROS [ WASHINGTON BUILDING DISTRICT 8300 ©® Low Menthly Payments ¢ Neo Commissions ® Friendly Sorvice © Full Prapayment Privileges Established 1861 ORIENTAL Building Association No. 6 600 F 8. N.W. NA. 7300 Washington’s Oldest Building Ass’n. Under U. 8. Supervision the way to enjoy our comp 1333 G St. N.W. Member Federal Depesit When You Open a Checking Account In The Second National —whether a large or a small account, you are opening lete banking facilities. Two conveniently located Banking Offices—with ONE policy—"friendly” service. The Second National Bank ©Of Washington 509 Seventh St. N.W, Organized 1872 Insurance Corporation REFINANCING and CONSTRUCTION LOANS ... Other plans available with interest pay- able quarterly or semi-an- nually lend month. ® You make the same UNDER THIS LONG TERM MORTGRGE PLAN ... For loans on im Diauimo{Colun;’m.:nd o8 in the nearby Mary- payment each o Interest charged monthly on unpaid balance. o Principal reduced each month. 1001 FIFTEENTH ST. “lean Correspondeat, Prudential lnsuramse NATIONAL 8100 o Amerion £