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,' NEW YORK ST< Received by Private Win Open. High. I>rw. Oloee. Adams Express... 40 41 40 Alaska Juno...... 1H 1% 1% 11 Allied Chemical... S? 40 8?v? Am Agr Chem 86% 36% 36% 86V Am AgrChempf.. 61% 61% ?1?4 61* | Am Beet Sugar.... 28 28% 28 28V Am Bosch........ 86 86 86 86 Am Can 26 26% 86 26V Am Cotton Oil 17 17 V " Am Druggists..... 4% 4% 4H 461 Am Hide & Lea pf. 61 61% 61 61V Am Ice pf 60V4 60% 60% 60V Am International. 84 84% 33% 881 Am Linseed 84% 26 24% 241 Am Locomotive... 81 81 80 80 Am Safety Raior.. 4% 4% 4% 4V Am Ship A Com... 7% 7% Am Smelting 87'4 37H *7* Am Smlt Sec A 67V4 6764 67J4 67* Am Steel Fdy 264 2664 ?"J Am Steel Fdy pf.. 80-4 80v? 80<4 89* Am Sugar 6664 67* 65'4 66* Am Sugar pf 87 87 87 Am Sumatra 6164 8264 4864 Am Tel & Teleg... 103 103*. 107 JW Am Tobacco 12164 12164 120 J?* Am Tobacco (Bl.. 12064 12064 120 127 Am Tobacco pf (n) 88 8864 88 ??* Am Woolen.. 69 69* 68* 68* Am Zinc A Lead... 844 864 J64 8* Anaconda 87* S764 87 37* Aaao Dry Goods... SO* 81 80* 81 Asao Oil 99*4 99V* 98* 98* Atchison 82* 8264 82'4 82* Atchison pf 77 7764 77 7 * Atlantic Gulf 2S64 26V* ?* 23* Atlantic Gulf pr... 18 18 1'4 "J Atlantic Petroleun 14* 1414 1464 14* Baldwin Loco 76* 75* 74 .4* Baldwin Loco Df.. 97V* 97V* 97 97 Balto A Ohio 8864 8874 8864 38* Balto & Ohio pf... 6014 5014 Beth Steel (B) 48 48 47 47 V Bklyn Rapid Trn.. 1014 1014 10H MV Bklyn Union Gas.. 6214 6214 6214 KM Burns Bros 87 87 87 87 Butte Copper 414 4H 414 4V California Petrol.. SSH 867* WH 84 Canadtan Pacific.. 109V* 109Vi 108-. 108V Central Leather... 3514 86 36H S5V Central Leathpf.. 71 71 70-4 71 Cerrode Pasco.... 2S?4 2544 25,4 Chandler Motor... 4914 4914 47*4 48V Ches&Ohlo 64Vi 54Vi 6SH 6311 , Chi Great Wpf.... 1714 1714 1714 17V Chi Mil & St P 264 ?64 8614 86V Chi Mil & St P pf.. S9H 8914 8914 39V Chi & Northwn.... 64 64 64 64 Chi R1 & Pacific.. 8194 3214 8144 8191 Chi R I & P 7% pf.. 724 724 7214 72V Chile Copper 1014 1064 1014 10V Cblno Copper 23 2314 83 23 Coca-Cola 2914 2914 2914 29V Colo & Southern.. 36 86 3614 36 1 Col Gas 64 64H 64 64V Col Graphophone.. 64 614 6 6 > Cons Distributors. 84 814 8 8M Cons Gas of NT... 8614 8814 854 88V Cons Intl Cal Mln. 414 414 <14 411 u IK HHh liv. V.UUO i. *? *" *.' Cont Can ........ > 44H 44H 44V Corn Product!..65H 68!* 68V* 66V Cosden & Co 27H 27H 27H 2TV Crucible Steel..... 88 68 83 63V Cuban-Am Sugar.. 13H 13H 13H 13V Cuba Cane Sugar.. 8H 8H 8V4 8V Cuba Cane Supf... 2114 2m 21 21V Denv & Rio Gr...? HI HI Denv & RtoG pf... 1H 2H 1H 2 * Endicott-Johnaon. 61 61 60 60 Endicott-John p?.. 94 94 94 91 Erie IS 18H IS 13 Erie 1st pf 19 19 19 19 Erie 2d pf 13H 13H 13 13 Famous Players... 60H 61 49 49V Fisher Body 80H 80*4 60H 804. Flsk Rubber ll?i 11H UH 11V Gen Asphalt 60H BOH 49H 49V Gen Asphalt pf.... 87 87 87 87 Gen Electric 124V4 124H 122H 123V Gen Motors....... 11 11 11 11 Great Northern pf. 67H 68H 67H 68V Hendee Mfg......i 16 16 16 18 Houston Oil....... 64H 64H 63 63 Hupp Motors 12 12 UH 11V Illinois Central... 92H 92H 92 92 Indiahoma 2H 2H 2H 2V Inspiration 34 1 4 34 84 Interboro Metro... 3H SH 3H 8V Interboro Met pf. 11 11 11 11 Intl Harvester?. 73H 74 73H 78V Intl Mer Marine pf 48V 49 48 48 Intl Motor Truck.. SOH 30H 30H SOV Intl Truck 1st pf.. 69 69 69 69 Intl Paper 62H 63H 62H 62V Invincible Oil. 11 II 10H 11 Island Oil 8 3 2H 2V Kansas City Sou.. 26H 26H 26H 26V Keyser (Julius)... 73H 73H 73H TSV Kallv-SDrina Tire. 38 S3 87H 87V Kelsey Wheel pf.. 90 90 90 90 Kennecott . 19% 19% 19% 19$$ Keystone Tire 11% 11% 11% 11% Lackawanna Steel 39% 88% 37% 37'/$ Lee Tire & Kubber 26% 27 26% 27 Loews lnc 10% 10% 10% 10% Manhattan Elev... 40% 40% 40% 40V, Maryland Oil 14% 14% 14% 14V; Mexican Pete 106% 108% 108% 10391 Miami Copper 21 21 21 21 Middle States Oil.. 11 11 10% 11 Midvale Steel 28% 23% 23% 23% Minn & St L (n)... 12 12 11% 11% Mo Kan & Tex..... 2% 2% 2% 2V< Mo Kan & Tex pf.. 4 4 4 4 Mo Pacific 19% 19% 19% 19% Mo Pacific pf 89 39 88 88 Natl Acme 16 15 14 14 Natl Cloak & Suit.. 27% 27% 27% 27% Natl Cloak &spf.. 61% 61% 61% 6114 Natl Conduit 1% 1% 1% 1% Nati Enameling... 45 45 46 46 Nevada Copper.... 10% 10% 10% 10% NewOrTex&M.., 60 60 60 60 14 Y Air Brake.... 65 66 66 65 N Y Central....... 69 69% 69 69% NT Dock 29 29 29 29 NYNH&Hart... 18 18 18 18 N T Ont & West... 17% 17% 17% 17% Norfolk & Westrn. 96 96 94 9491 North America.... 61 61% 60% 60% Northern Paclfio? 71% 72% 70% 72% Oklahoma Prod... 1% 1% 1% 1% Orpheum Circuit. .21 21 21 21 Otis Elevator...... 1? he sz as Otis Steel 10H 10* 10* 10* PaoGaa & Eleo.... 63 63* 62* 62Vi Pacific Oil... ~... 83* 84* 84* 84* Pan-Am Pete 61* 61* 48* 4311 Pan-Am Pete (B). 44* 44* 43 43 Pennsylvania 84* 84* 84* 84* PennSeabd Steel.. 8 8* T* 8* People's Gas 61 61 60* 6u* Fere Marquette... 19* 13* 19* 19* Phillips Petroleum 17* 17* 17* 1TV4 Fierce-Arrow IS* 18* 17* 18* Plerce-Arrow pt. . 38 88 88 88 PlsrceOU 7 7* 7 7* Pierce Oil pf.-?-.. 61 61 60 61 Pitta Coal. . . 63* 63* 63* 68* Pitts A W Va...... 27* 27* 27* 27* Pond Creek Coal.. 14* 14* 14 14 Pressed Steel Car. 71* 71* 71* 71* Pullman Co - 98* 96* 96* 96* Punta Alegre Bug. 27* 27* 27 27* Pure OH 26 26 25* 26* Ray Con Copper... 12* 12* 12* 12* reading 67 * 68* 67* 67* Remington Type.. 19* 20 19* 20 Replogle Steel.... 19 19 19 19 Rep Iron & Steel.. 47* 47* 46 46 Dnwa 1 niilAh gOlX IBb- KKfU. KCtU. vx vvu> ug'i vu'< vwn St Louis Southwn. ?4 24 ?4 24 St Louis Sown pf.. 33% 83% 33 33 Seara Roebuck.... 64% 64% 64 64% Shell Trad & Tran. 40% 40)4 89)4 49)4 Sinclair Oil 20% 20% 20 20 Southern Pacific.. 76% 76% 76)4 76 Southern Railway. 19% 19% 19% 19% Southern Ry pf.. - 46% 45% 46% 46% Stand OH of N J... 186 186 136 136 Stand Oil N J pf... 106% 106% 106% 106% Stewart-Warner.. 23% ?3% 23% 23% Strom berg Carb... 82 82 32 32 Studebaker 80% 80% 78% 79% Submarine Boat... 4% 6 4% 6 Superior Oil 4% 4% 4% 4% . Texaa Company... 34 84% 38% 83% Texaa& Pacific... 22% 22% 22% 22% Texaa A P C & Oil. 18% 18% 18% 18% Third Avenue..... 13% 13% 13% 13% Tobacco Prod..... 65% 66% 64% 64% Trana Contl Oil... 7% 7% 7%_ 7% Union Oil 19% 19% 19 19 Union Pacific 119% 119% 118% 119% Union Pacific pf... t % 63% 63% 63% * United Drug 84% 84% 84 84 United Drug let... 41 41 41 41 United Fruit 104% 104% 103% 103% United Retail Stra. 63% 64 63% 63% USIndua Alcohol. 60% 60% 49% 49% US Realty 48V* 48V* 48V* 48V4 DIVIDENDS DECEASED. ? Stock of PlyRecord. able. Am. D!st. Tel. Oa. of N. J. q. $1 July 15 July 29 Amur. Tob. (spec.), 4\% Esmond Mills, q. $1.50 July 2d Any. 1 Esmond Mills pfd. q. $175.. ..July 26 Aug. 1 P. W. Woolarorth, q. $2 Aug. 10 Sept. 1 Gillette 8afety Kaaor Co. q. $3.July 30 8ept. 1 Wash., Chat. A St. Louis Ry., i? $3.50 July 28 Aug. 1 Nat. Biscuit Co. q. $1.75....Sept. 80 Oct. 15 t N.-?f. Biscuit pfd. q. $1.75... .Aug. 17 Aug. 31 'Payable in stock of Mcngel Company* OCK EXCHANGE e Direct to The Star Office. Open. High. Low. Close. U S Rubber 48% 49% 48 46X b U S Rubber lat pf. 96 95 95 9 i US Steel 7414 74% 73 78 b U S Steel pt 109 109 109 109 i Utah Copper...... 48% 48% 48V4 48M , Vanadium Corp... 2814 2814 28 28 Va-CarChem 26 26 26 28 I Va-CarChem pf... 7214 _7S 7214 72M Vlvadou 6% 6% 6V4 615 b Wabash pf A 21% 21% 21 21 Webber AHellbr.. 12% 12% 12% 12M Western Md 2d 18% 18% 18% _ 1811 Western Pactflo 24% 24% 24% 24% Western Union.... 86% 86% 81% 81% Westhotise E & M.. 43% 43% 42% 42% White Motor 31% 31% 81% 81% Wilson Company.. 33% 88% 83% 83% Willys-Overland.. 7 7 Willys-Ovid pf 29% 29% 29% 20% Wright Aeroi 7% 7% 7% 7# High. Low. last. Call Money..... 6 6 6 HOURLY SALES OF STOCKS. 11 a.m 135 300 1 2 M.... 202 500 1 p.m 230 SOC 2 p.m... 270 900 Washington Stock Exchange. BALES. Potomac Electric cons. 5??|1.000 at 85, $1,000 at 85. Capital Traction?75 at 80%. (Aa of July 18.) Capital Traction?10 at 87. Diatrlct National Bank?3 at 170. AFTER CALL. Capital Traction?10 at 87. Metropolitan R. R. 5a?$1,000 at 91, $1,000 at 91. Washington Oaa 7^a?$1,000 at 104, $1,000 at 104. $1,000 at 104. Money?Call loan, ?a7 per cent. Bid and Asked Prices BONDS i D. 0. 94 98 ruout Liiuii*. Bid. Asked. American Tel. and Telga. 4a.... 77% 78 * American Tel. and Telga. 4%s.. 85% 87 I Am. Tel. and Tel. ctl. tr. 5s.. 82% 83 . Am. Tel. and Tel. cona. 6a.... 97% 97% C. and P. Telephone 5s 87 , Capital Traction R. R. 5a 86% 87% i Metropolitan R. R. 5s........ 90 ..... i Potomac Electric Light 5a 87 Potomac Electric cona. 5s 85 86 Potomac Electric Power 6a.... 93% 94 * Potomac Elec. Power G. M. 6a. 95 96 i Washington Gas 5s 76 77 , Washington Gas 7%a 103 Washington Rwy. and Elec. 4a.. 61% 62 Wash. Rwy. and Elec. G. M. 6a. 92% 93% ' MISCELLANEOUS. > Rlggs Realty 5s (short) 93 I Washington Market 5a 1927 75 ..... Washington Market 5s 1947 72 ..... b STOCKS ? PUBLIC UTILITY. I American Tel. and Telga 102% ?.... Amer. Tel. and Telga. rta % % Capital Traction 86% 88 Washington Gas 43% Norfolk and Wash. Steamboat. 177 ..... Wash. Rwy. and Elec. com.... 26 SO Wash. Rwy. and Elec. pfd.... 57 60 NATIONAL BANK. American 164 183 Capital 170 Colombia 175 ..... Commercial 167% ..... District 170 Farmers and Mechanics' 215 225 Federal 175 180 Liberty 120 Lincoln 165 ..... National Metropolitan 215 Rlggf 455 Second 166 Washington 180 TRUST COMPANY. American Security and Trust.... 220 226 Continental Trust 100 104 National Saving3 and Trust.... 276 280 i Union Trust *118 i Washington Loan and Trust.... 255 275 9 SAVINGS BANK, i Commerce and 8aving?......... 155 .. East Washington 12% * Merchants' 147 ..... Security Savings and Commercial 200 230 Seventh Street Savings 150 I Union Savings 112 U. S. Savings 200 .. Washington Mechanics 25 ..... FIRE INSURANCE!. 1 Arlington * Corcoran 115 > Firemen's 19% American - 250 , National Union 7% ? liiuu i.iguuAiium. Columbia Title 4 i Real Estate Title 75 ? MISCELLANEOUS. \ Columbia Graphophone com.... 5 6 I>. C. Paper Mfg. Co 75 .*.... . Merchants' Transfer and 8torage 120 i Mergenthaler Linotype 117% 118% Old Dutch Market com 6 : Old Dutch Market pfd 7 9 Lanston Monotype 73% 76 ' Security Storage .. 200 ? i Washington Market ? . 24 28 i Ex-dlvidend. i CURB STOCKS, i Quotations furnlshsd by W. B. Hibbs 6b Co. s ,-12;15 p.m.-> 1 Bid. Asked. Aetna Explosives 12 12% ? Allied Oil 4 6 \ Arkansas Natural Gas.. ? ..? 9% 10 . Big Ledge 20 23 Boone Oil 20 22 1 Boston and Montana. .. ? 57 59 Boston and Wyoming..?. 00 02 Caledonia 1 4 , Calumet and Jerome ... 12 14 Carbon Steel 18 21 1 Carib Syndicate 4% 4% i Carib Trading 5 8 Car Light and Power... 90 94 l Cities Service (new) 11% 11% 1 Cities Service (old)............. 102 106 Cities Service pfd............... 40 42 Columbian Emerald .... .? 65 75 , Commonwealth Finance ... ? 42% 43 Consolidated Copper 1% 1% ' Continental Motora 5 6 Cresson Gold 1% 113-16 Davis-Daly 5 7 , Dominion Oil 7 9 Durant Motors 25 27 Elk Basin 5% 6% Empire Food Products.......... 25^ 25% i Engineers' Petroleum ? .. 1% 2% Fnrckn Ooesua 29 31 Farrell Coal 12 14 Federal Oil ?.#?? ?????*???**??? It? I78 F en si and Oil 7 9 Gllliland Oil ? #?** ?? Glen Alden Ooai. ? ? .??? 8114 82% Glenrock Oil . .#??< ? ?? wi 08 90 Guffey-Gillespla ? ? > 8% 9 Granada Oil 8 J Heel. J* * Hercules Paper 8 9 Intercontinental Bobber *??* .J ,7% International Petroleum (new) ^ 18 1Z14 Jerome Verde 18 20 Kay Ooonty % 1 Lake Torpedo % 1 Lone Star Gas 18 20 Magma Copper 18 19 Maracaibc Oil ??m?h ??*?? ?m Mason Valley 1% 1% M err it Oil *K ?14 Midwest Oil com. 2 o Midwest Oil pfd ?2 8 Midwest Refining 128^ 18?,, Mountain Producers ? 7% 8* Nevada Ophir 28 28 New Cornelia 13 15 Nipiasing Mines Co. *.....? ?? 3% 4* Noble Oil and Gas. ??.*? 17 19 North American P. and 2 8 Northwestern Oil 10 20 Omar Oil (new).*** ...? 1% 16;f? Pennok Oil ....... * ?? 4 4* Perfection Tire 75 78 Producers and Refiners' .* ? ??? 3 814 Radio com. 1% . Radio pfd. .... ???.?.?.?i>? 194 214 Kay Hercules .... ?? * ? 18 22 Ryan Consolidated 5 6 Salt Creek Producing.*. *? 7% ,814 Salt Creek (new) 10 10% Sapulpa com. 214 814 Simms Petrol 614 6% Skelly Oil 8% 3/4 Southern Coal and Iron.*.....* 114 154 Sweets Co. of America. * * 2% 2% Swift International 2414 25 Tonopah Divide ..........?..? 83 M Tonopah Extension 1% 17-16 United Eastern 214 294 U. S. Light and Heat com....** 1 114 IT. S. Lieht and Heat nfd 1 2 United Proflt Sharing. I. . U 1)4 1% U. 8. Ship Corporation.IT 1 i U. S. Steamship 23 2T United Retail Candy..8)4 T United Texas . . 10 IS Warren Bros. .... 18 Wayne Coal T . 1)4 1% West End Oona. T8 83 Wright Aero , 8 0 CHICAGO? Armour Leather , , 13)4 12)4 Armour Leather pfd. 88 81 Armour pfd. ...... h.m.....m ST 88 Cudahy Packing GO 51 , Llbby 7J4 7)4 i National Leather . 6)4 6% COTTON MARKETS. , NEW YORK, July 14.?Notwithstanding the continued aotivity of spot business In Liverpool, futures there were rather disappointing thia 1 morning, and the local cotton market showed a reactionary tone. There was moderate selling by the south and scattered realising which checked the 1 advance, however, and a little later 1 October eased off from 13.22 to 18.11. 1 or a shade below last night's closing figures. The spot business at Liverpool amounted to 20,000 bales, of which 11,000 were for exporT The total included 8,000 bales of American. Private cables reported realising and h-do-A t. T ) .1 vuBv BVUIU5 til x^iToi^/uwt aut-usavo. Futures opened steady; July, 12.4ji>; Ootober, 13.14; December, 13.65; January, 13.50; March, 13.75. LIBERTY BOND CLOSING PRICES. NEW YORK. July 14 ? Liberty bonds closed: 314s, 86.64; first 4s, 87.14; second 4s. 86.94; first 414s, 87.22; second 414S. 87.06; third 414* 91.10; 4th 414". 87.12; victory 844* 98.32; victory 444", 98.34. r. J BOND ADVANCES ; WELLSUSTAINED General List Rather More Irregular, Sut Trading Is Good. NEW YORK, July 14.?The flfteenmllllon-dollar state of Michigan twenty-year 5% per cent bonds went oft rapidly as soon as the subscription books were open this morning'. They were all sold by 11:50 o'clock, which is better time than any new issue recently has made. These bonds were ottered at 103, on a 5.50 basis. and being tax exempt, with a fairly long maturity, naturally proved very attractive. The general bond list was rather more irregular, but with recent advances well sustained and with a good volume of business. The railway list was inclined to mark time, but the fact that there was a reedy dertiand around the high prices reached in the upward movement of the last two weeks testified to the presence of a lively investment power. Itock Island refunding- 4s were up a fraction, and so were Great Northern 7s. Near Yesterday** Finals. Atchison 4s, Southern Railway 5s. Louisville 7s, Pennsylvania general 5s and 6MjS, New York Central debentures, Erie convertible Bs and other equally representative issues were dealt in within an eighth to a quarter of a point of yesterday's final prices. Burlington and Quincy collateral 7s and Northern Pacific 6s both came down somewhat from their high, and Union Pacific 6s dropped off from 98% to 98% Chicago and Alton 3s were an exception, breaking: another two points to 42%. Among the industrials the feature was the heavy dealings in Cuba Cane Sugar 7s. At the opening these bonds j continued their rally, getting up to I 60%?nearly four points above their j low. Later in the day they receded below 60 again. Liberty* Shade Higher. Gfoodyear 8s were supported around 99%, and Kelly Springfield 8s around 94%. Mid vale Steel 5s were stronger at 76% and 76%. American Smelting 5s. Armour 4%s, American Telephone and Telegraph collateral 4s and Rubber 5s were all steady at yesterday's prices. Wilson & Co. convertibles rose % to 78. Liberty bonds were a shade higher. Belgian 8s got up a half point to 99%, and United Kingdom 5%s of 1937 continued strong. OIL STOCKS. Quotation! furnished bj W. B. Hlbbs & Co. Bid. Askeu Anglo-American Oil Co. (new).. 16% 17 Atlantic Refining Co 850 ?00 Bome-Scrymser Co 340 30O Buckeye Pipe Line Co 77 70 Cheseborough Manufacturing Co. 160 170 Continental Oil Co 103 100 Crescent Pipe Line Co 28 20 Cumberland Pipe Line 115 125 Eureka Pipe Line 80 83 Galena-Signal Oil Co. com..... ?0 94 Galena-Signal Oil Co. pfd 32 34 Illinois Pipe Line Co 150 154 Indiana Pipe Line Co.......... 75 80 National Transit Co 23 24 New York Transportation Co.... 132 137 Northern Pipe Line Co 87 90 Ohio Oil Co 243 248 Pennsylvania-Mexican Fuel .... 20 24 Prairie Oil and Gas Co 405 415 Prairie Pipe Line Co.......... 180 183 Solar Refining Co 330 850 Southern Pipe Line Co SO 83 South Penn. Oil Co 170 175 Southwest. Penn. Pipe Line Co.. 58 02 Standard Oil Co. California.... 72 74 Standard Oil Co. Indiana 66% 66% Standard Oil Co. Kansas 530 550 Standard Oil Co. Kentucky 370 380 Standard Oil Co. Nebraska 150 160 Standard Oil Co. New York.... 302 3'?7 Standard Oil Co. Ohio 365 3*0 Swan & Finch Co 25 35 Union Tank Line Co 90 95 Vacuum Oil Co 260 265 Washington Oil Co 20 30 FOREIGN BONDS. ^notations iurnisnea dj w. u. HibDa m Co. Prices at noon: Berlin 4s 13% Herman gov. 4a.. 13% Greater Berlin 4s 12% German gov. 5s.. 12% Bremen 4%s 12% Krupp 4s 1S% Coblenz 4s 15% Bad. Aniline 4%s 17% Cologne 4s 14% Al. El. Ges. 4%s 10% Dresden 4s...... 13% Mein'ger Bank 4s 15% Dresden 4%a.... 14% Nord. L. Bank 4a 10% Duesseldorf 4s... 14% Vienna 4s....^? 2% Essen 4s 14'i Vienna 4%a.?..# 2% Frankfurt 4s.... 13% Vienna 5r...??*? 2% Frankfurt 5a.... 17% French 4s...??.. 51 Hamburg Ss 11% French 5s....... 68 Hamburg 3%a... 12 French Prem. 5s. 72% Hamburg 4s..... 14% British vie. 4s...2S2 Hamburg 4%a... 14% Nat. war loan 5s.381 Leipzig 4%s 15% War Loan 5s 320 Leipzig 5s 15% Italian 5s 37% Munich 4s 14% Italian notes 1925 47% German gov. 3s.. 12% Belgian Rest. 6a. 72 German gov. 3%s 11% Belgian Prem. 5a. 74% MOXEY AND EXCHANGE. NEW YORK. July 14.?Prime mercantile paper, 6%a6%. Exchange heavy. Sterling 60-day bills and commercial 60-day bills on banks, 3.53%; commercial 60-day bills, 3.58%. Demand. 3.63%; cables, 3.64. Francs, demand. 7.84; cables, 7:85. Belgian | francs, demand, 7.64; cables* 7.65. Guilders^ demand, 31.80; cables, 31,86. ] Lire, demand, 4.61; cables, 4.62. Marks, demand, 1.33; cables; 1.34. Greece, demand, 6.40. Sweden, demand, 21.15. Norway, demand, 13.50. Argentine, demand, 29.25. Brazilian, demand, holiday. Montreal, 12 6-16 per cent discount. Government bonds firm; railroad bonds steady. Time loans steady; 60 days; 90 days, 6 months, 6 per cent. BAR SILVER QUOTATIONS. NEW YORK, July 14.?Bar silver, domestic, 9914; foreign, 6054. Mexioan dollars, 46%. LONDON, July 14?Bar silver, 37?4d per ounce; money, 4 per cent; discount rates, short bills, 4% per cent; three-month bills, 5% per cent. Women carried on the business of printing 400 years ago, as shown in old bookB still in existence. CITIES SERVICE SECURITIES Bought, Sold, Quoted TH0S. W. BRAHANY & CO. Investment Securities 510-11 Evans Building Waahfngton, D. C. Main 6189 I BALDWIN LOCOMOTIVE III 5 Has millions due from American Railroads ! which should be paid as soon as the Government plan to pay the carriers is put into action. How should this affect the stock now? Texas Company 5 How will the proposed import tax on foreign oils and Mexico's Export tax on crude oil affect this and other oil stocks marketwise? Write and aslc for 61?W DILLON AND CO J STOCKS-BONDS 1 32 Broadway New York ALBANT OFFICE I 90 STATE STREET y ? flbbhbbssssssssbsss^absbhb^^sbssbsahbqi fm EQUITABLE 7% Co-Operative Building | Net Interest Association | First Mortgage Notes 41st tear completed III $100 $500 $1,000 A..et. st-sosjae.ss Absolutely Safe Surplus *1.068,322.88 _\ . Systematic Saving Leads Leo. W. LinkUlS to Great Accomplishments 1719 K St. -S.? .. you ?rn, ..4 you will hoyln -I%?rty-Sv. Ve.r. of S.fety to get ahead in a financial way and be > I !Z'%?tor ?thMt "" $1,100 BUYS $110 INCOME. SubscrlDtlona for the larger returns possible. seasoned uoacnpiiona ior tee bonds of well known national fi81st Issue of Stork nance institution under superviwaea saouc ui uiuta ri0n of rtatb banking law8. bonu8 Being Received or profit - 8harino certificates. Icl ?A rA U .1 *1.000, *500. *100 denominations. bpeimares. $2.50 ner Month n ciah terms if desired, sbnd for ' T P II circular t-807. national capital sb4 Per Cent Interest || 0critie8 corp. f. 6003. 1416 h st. n.w. EQUITABLE BUILDING H | 915 F St. N.W. I JOHN JOY EDftON. President II nn ? FRANK P. BEE9IDB, SeCy. II lHl0rilI?ltl011 OH 3. ? ?i stock before . Money to Loan you act? $50,000?7% interest, In sums of $1,000 to $5,- - - . 000. secured by first deed of trust on resl estate. TQtkCT thOH titer Will tltlD JOU Joseph I. Weller S^SS.^dVaSH " __ Before irnn Hnr nr sell, let ?? J ? ?J ? J ? ???? mmmi^_??? us post you on the stock that tv i a_ .. interests you. The Investment _ That Has Earned We can suPP?y 70U re" PRESTIGE ' Por*s covering New York Curb Market stocks, based |7f|? QT* TDI TO'T on available news, informa***? ? A 1 tion from the companies and NOTES our special correspondents. j _ Kete booklet "Traders Hand* book"?juit published?will M make clear many points reM garding stock transactions M ?B and market terms. pjug Ask for UU-464 Safety BALTIMORE OFFICE Ease of Mind ssi equitable building Convenience Telephone: St. Paul 8451 In denominations of Direct Private Wires $100, $250, $500, $1000 New York Chicago Boston Philadelphia Pittsburgh Detroit Baltimore Cleveland LOAN DEPT. SHANNON & LUCHS JONES & BAKER M.ta LiUl-riJ Member! New York Curb Market r?5n 713 14th St. ' -11 I i Stop Drifting! :?~~ i Any one can be a First Class "Drifter," like a stick of wood, never getting anywhere except down stream with the rest of the rubbish. DRIFTERS who never SAVE for SUCCESS simply I CAN'T BE SUCCESSFUL. Start that Bank Account NOW?TODAY?THIS PAY DAY. Ten Dollars?Five Dollar*?ONE DOLLAR will start you UP STREAM. Ask for our Daily Dime Savers?they'll keep even your DIMES from drifting. The Second National Bank "The Bank of Utmost Servicef 509 Seventh Street N. W. f \ Dividend Omissions In the past six months more than $23,000,000 of corporation dividends have been omitted. Companies which had paid the regular return on stocks for many years were compelled by business conditions to withhold these payments for the first time. In more than 52 years there has been no omission or even delay in interest payment on our First Mortgage Notes on improved Washington real estate. I tin.! .1 ..AM 1M ) w men cidss ui uivcaiuicius oic j\ju ui Swartzell, Rheem & Hensey Co. 727 15th Street N.W. Washington, D. C The Nation's Home Town S2 Tears Wltteot Ion to an Iwtltor. s. ???? / J The Future If! Won't Take {I ||f| Care of Itself [ | Unless You ij I^A-VI-N-G 11 E Deposit Not worrying about the future is [1 E : R . doubtful philosophy. The world owes r 3 E i ?Xe none of us a living. Each must be thrif- [ 3 S | Moderate ty to secure an old-age of comfort. [ J E i Rentals ^ Make a payday practice of laying I J E i away a fixed sum in this interest-paying [ j r ' Same bank, and you'H gradually make your E j j i ? , future safe. Deposits in any amount in- E { i *ate ?f vita). , IJ I | Interest vr Travelers' Qiecks for Tourists [ SLC Paid on OFFICERS I 3 rtJ WILLIAM D. HOOVER President \ 1 Ifi I __J WOODBURY BLAIR..First Vice Preaident [ J Large ana FRANK W. STONE...Second Vice President 1 c n FRANK STETSON Trust Officer [ , , 3mall CHAS. C. LAMBORN Treasurer f J SM* E. PERCIVAL WILSON... Secretary I Z Accounts. FRANK R ULLMER Asst. Sec'y ft Asst. Treaa. [ | S National Savings & Trust Co. ! i 3j 55th Oldest Saving Depository in Washington J ? ffi Year Corner 15th and New York Ave. J j rd?d S313 ?313 OOO O OO1313 013131313 LI IJuMuua r The The safest and ESTABLISHED . C t a most satisfactory >609 "11*1 I\T dateSt investment securi- LJvVVli It V Invul tics are First Mort- I I I invest- gage Notes. These ment notes are secured x by conservatively IV r>EOPLE who adhere to a policy of appraised, improved Is. I "safety first" are often criticised 7_y Washington. Homes. lU for their lack of sportsmanship. The C/f) Buyers of these wh? realizes the value of money /V notes are free from does not *? ,n ,or chance proposithe worries of risk L, T tions; instead he looks for safe, well ' . ? v a i,. M I secured investments. r II Dh nrincinal is safe* |fl. The First Mortgage Loans we Call, Phone " i. 'UK offer are in the latter class. They are or Write >our income My secured by improved real estate in for Details ?"r?dr' ^h,'e our K the District of Columbia. The prop. tend to an details '6* is fhoroughly investigated by ex vu(//u.et ... __ Denencca jbuxcs ui rcai csiaic vaiucs, I ?f suPerv,s.,on and ? and the loan is rarely in excess of Safety management. I W one-half of a conservative total valJ-L We have these 1a P uation. This means that for every dolJ"?" notes In denomina.- >(1 t l#r M jnvMt jn our Pirst Mortgage Profit ttons of $100 and up. "ft Loans there is two dollars in security I _ T h back of it?can any investment offer j. __ .... n$ C.tt.r aeriiritv? Thev nIIV 7tt. in William 5. Phillips lo t7r?i." . ' ~ Real Kntate investments 0 They are in convenient denom.na- ; 1409 N. Y. Ave. Main 98 ~ phone oooHoLolRUtSTo,"> T _ MAIN?6888 912-1513ST.N.W. . Over a Quarter ' 11 ^Century I .Ml in*Property Of>en at 8:30 AM. Every Banking Day Manage- _ menf Columbia National Bank J Proper Property Management QJJ f Street fiSSI We arc prepared to render an efficient an.l competent service In the management of rental \ J T /^1 _ ?. property, whether It be office Z\ H VIPT1 fl I OH V^?L11 building, residence, apartment l!;| ^ ~ ~ ? r"?"'.r. ..... I Invariably Count U pon tury we have specialized in j : ?? * __ j i I i L T.-? 4-^ /-v-T otnorrrpnrtr ncn-pmninvmpnt rvr l?i ijr uiaiiagciuciu <xuu navo ij; xil Lllllt WX V.IHV1 ^\,uv ? y iivn vju|jivji?v??v iou.rr? a?resuit"f"experience j I other setback, a Savings Account proves the obtained. j i most dependable of all "'friends. We ahaii be *ia? to *o over ! A Encourage your thrift account to grow by the matter in detail with you. j !| making payday additions thereto regularly. Compound interest helps every dollar inB. F.SAUL CO. i I creasc o ? m a We Issue Travelers Checks & Letters of Credit. Property Management 934 N. Y. Ave. N.W. !|| Compound Interest Paid on Sa^ngs^^fc ^ ll as Jm /ft You can open a Savings Account at ^ I H^S9L ' this convenient Bank with as little as i/l m aaM ? M ? Organ;zecl i8i4 Open Until 5:30 P.M. Tomorrow I Ifei&iy THIRTY-SIX YEARS BEFORE I EPSgj THE TREASURY WAS BUILT | ?The Metropolitan Bank was doing business in m ' this same community. We're an old institution? J| Washington's OLDEST National Bank, in fact? jffl i iiBASi'l l but the only old ideas prevalent here are conserva- { * 'fMgtive policies of protecting depositors' money, and ffflr they afford your cash maximum security. \wL f Your Payday Savings or your checking account || OLDEST NATIONAL BANK ^ ? J |||||| Illill I ami I...... I ^ ' ~~ Auuuuw uutiibu waua - ? linn 1 I SAFE DEPOSIT BOXES I I OFFICERS! DIRECTORS: | III ... ARTHUR T. BRICE 0. T. B. OGILBY i GEORGE W. WHITF . ? PrMlOint WAITER BHOWNLEY J. H. RALSTON I O. H. P. '"UMCii - x/lf!? FREDERICK Ue C. FAUST HUGH REILLY h _ _ ? DU nlflr.r ?'*. F. GUDE FRANK P. REESIDE C. F. R. OQILBY Trust umcer J0KN B T lawrason RIGGS I C. F. I ... . ? Cashier CHARLES JACOBSEN WM H. SAUNDERS < H J RALES MOORE ? .. Auditor ?- H- p- JOHNSON HERBERT T. SHANNON J. GALES MOORE. . . i RUDOLPH KAUFFHANN H. C. SHERIDAN I CHAS. E. BRIGHT.... ,M...A??t. Cashier Dr. J. THOS. KELLEY, Jr. CHAS. O. SMITH. Jr. ! ALBERT H BEDFORD AMI. Cashier k ?A. McKEE W^-iSsa^^^ I I I G. L0UI8 ECKLOFF?....... .....Asst. Caehler JOHN H. MOORE GEO. W. WHITE |;ji Checks" 0pen at 8:30 AM' Every Bmines* Day T?g National Metropolitan Bank l] |i| Capital, Surplus and Undivided Profits Over $1,500,000 ! ii 15th St., Opposite U. S. Treasury?107 Years Old ji ^ It Is Not the Amount But the Method That Counts in Consistent saving out of small earnings in the active period of life is the one sure means of achieving financial independence! for your later years. The Swartzell, Rheem & Hensey Plan of SYSTEM SAVING enables you to save $5 a month and upward and increase your financial independence by the simple process of sane, systematic, conservative investment, aided by the subtle but overwhelming power of compound interest. You receive 6% interest on each dollar for every day it is saved and your savings are secured by improved Washington, D. C., real estate?the safest fundamental security in the world ?reinforced by our record of over 52 years without loss to an investor. Send for our booklet describing SYSTEM SAVING in detail, or call in and allow one of our officers to go over the plan with| you. ] wartzell, Rheem & Hensey Co. 727 15th Street N.W. Washington, D. C. -The Nation's Home Town SI Y?a.t Without Lot* to on luvettor - ^ # 1 .... v..... . ,?k;