Evening star. [volume] (Washington, D.C.) 1854-1972, January 15, 1929, Image 15

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Evening star. [volume], January 15, 1929, Page 15, Image 15
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 15 Jan. 1929. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1929-01-15/ed-1/seq-15/>

Newspaper Page Text

Mortgage Money Loaned
At Low Interest Rates
Tyler & Rutherford
iwrmiitlßi Mutnal Benefit Life Ins. Ce.
1520 K Street Main 475
——■ 11. in. ii ■gBBBSBBBB
Consult Us First
If you need money for
your Real Estate financing
let us Ime your application
today.
Prompt Service
Ko Appraisal Fee
The Commercial National
Company
Incorporated
Paid rip Cash Capital. $900,000
Commercial National Bank Bids.
14th and O
Complete Financing
Ist & 2nd
TRUST MONEY
On homes, apartment
building* and business
properties. No apprai
sal fee. Prompt service.
Real Estate Mortgage
& Guaranty Corp.
24 Jackson Place Main 140.1
I WILL SELL
tt.V) Washington Auditorium <l%,
ift 14. 0 «.%.
*5.000 JrfTerson Apt. Ist «%, 1959.
Bid.
200 Unit* Real Estate Mortsase A
Guaranty 0 *'.4.
15 I'nits Wardman Mortrace ft
Discount ® t>s.
500 Miller Train Control.
10 International Bank @ 110.
IS Stanley-Crandall Pfd. Bid.
0 F. H. Smith 74% pfd. 0 94.
1 F. H. Smith 7% pfd. 0 *74.
10 Northern Virginia Investment
7% nfd. 0 too.
100 Washington Baseball 0 fi'J'i.
125 Great Natl. Insurance "new,”
0 20.
0 Departmental Bank 0 9.
12 Our Home Life Ins. Bid.
5 Natl. Press Bldg. pfd. @ 60.
20 Vasco Products I'nits.
10 W. B. Rioses 8% pfd. 0 «2Vi.
10 Virginia Plate Glass. Bid.
THOMAS L. HUME
1412 G St. Main 1346
: |
♦ ♦
♦ trnmmm—t
l WHEN YOU !
♦ LAND ♦
4 —that big order you hare ♦
♦ been angling for. wh» not ♦
♦ celebrate by re-outfitting your ♦
♦ office with desks, chairs and 4
+ filing cases from our— 4
: OFFICE X
FURNITURE ♦
▲ —display. Our piece* are both t
I beautiful and practical, with-
J nut being too expensive. J
♦ THE W. D. ♦
t CAMPBELL J
COMPANY ♦
Two Entrances
T 1018 15th St. N.W. 1506 L St. N.W. X
4 Franklin 5660 ♦
loans"
On improved Property
in Maryland and District
of Columbia
6%
Interest
No Commission Charges
YUE.-WERBROC
YY REALTORS vJ
i
809. IStH Street N.W.
Main 9486
Mortgage Loan Corrcsp indent
Metropolitan Life Insurance
Company
Continental Trust Co.
14th and H S treats
r Capital, $1,000,000.40
Checking Accouggt
3«ving»
Acceptance Credits
Time
Foreign Exchanges
J Commercial Crests
Travelers' Credits
Travelers' Checques
Collections
Red instate Loans
Collateral Loans
Investment Securities
Corporate Trusts
Individual Trusts
Administrator, Executor
Safe Deposit Boxes
Continental Trust Co.
14th and H Streets
I WADE 11. COOPER. President
Capital, $1,000,000.00
FINANCIAL’. *
"IBONOS FLUCTUATE
IN MIXED MARKET
£F ________
Price Changes Not Confined
ot Any Group—Utilities
Are Typical. *
BY CHARLES F. SPEARE.
Special Dispatch to The Star.
NEW YORK, January 15. —Special
conditions had most to do with the
movements in bonds today. In the
same type of issues there were those
that advanced and others that de
clined, depending on the conditions of
supply and demand surrounding them.
For instance, Atchison 4s and Union
:L Pacific 4! is were strong, while Balti
more & Ohio 4s, Northern Pacific 4s
and Canadian Pacific 4s were heavy.
In the public utilities DuQuesne
Light 4' 2 s were higher, selling around
101. or nearly a point above Phila
delphia Electric 4 1 ; >s. Philadelphia Co.
54s and Columbia Gas 5s moved in
opposite directions for a while. Some
of the United States Government is
sues were stronger and some showed a
sagging tendency. The fear of higher
money affected all of the quality issues.
Outside of the foreign convertibles,
which were irregular, there was a strong
market for several of the South Ameri
cans. as the Uruguay 6s, Brazilian 6>2S
and Bolivian 7s.
United States Rubber 5s advanced
nearly a point, selling at the highest
prices in months. International Tele
phone convertible 4 , I >s were active and
strong. A new demand has developed for
the Minneapolis andl St. Louis and
the lowa Central bonds. Seaboard
t Florida 6s rallied above 70.
The bond houses that deal chiefly in
high grade issues, which they supply
to life insurance companies, savings
banks, trustees and estates, complain
of having difficulty in obtaining a suf
ficient amount of these securities to
satisfy their customers. There are
several large orders in the market for
railroad bonds and for tax-exempt
issues. Those who have these orders
are making slow progress in completing
them.
The testimony of all others who do a
general bond business and who origi
nate as well as distribute bonds is not
satisfactory or encouraging, so far as
I the future outlook is concerned. Sales
; men have been giving much of their
time in the past six months to stocks,
so it is almost impossible to get them
interested in their former work of sell
ing straight mortgage issues. They are
always eager to canvass their terri
tory. however, when a bond Issue of a
convertible type or with warrants at
tached is allotted to them.
Today the Great Northern Railway
is paying off all of its 6 per cent United
States Government equipment trust
certificates at 103. Os the many roads
s. that financed their equipment purchases
“ in 1920 with bonds, which for a time
were held by the Government and later
distributed to the public, comparatively
few have anticipated payment. The
latest maturity of these issues Is 1935.
i>
Washington Stock Exchange
SALES.
Riggs National Bank —2 at 570, 5 at 570.
National Bank of Washington—3 at 312.
Chevy Chase Dairy pfd.—lo at 107.
National Mtge. St Inv. pfd.—3oo at 5%,
20 at 5%.
AFTER CALL.
Capital Traction Co.—l at 1064, 6 at
1064.
Potomac Electric 5 4 % pfd.—l at 108 ?■*.
Washington Rwy. & Elec. gen. 6s ’33—
$5,000 at 102J*.
Washington Gas Light—io at 108, 10 at
10S»/4. 10 at 1084.
American Fire Insurance Co. —1 at 330.
Capital Traction Co. —15 at 106%. *
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
. Bid Asked.
Araer. Tel. A Tele*. 4% 99' •
Amer. Tel. & Tcltta. 4Us 99'»
Am. Tel & Tel. ctl. tr. 5s 104
Anxcostia & Pot. R. R. 5s 95 97
Ana. & Pot. guar. 5s 95
C. & P. .Telephone 5s 89%
C. & P. Til. ot Va. 5s 103
Capital Traction K. R. 5s 102% 103 .
City & Suburban 5s 95 97
Georgetown lias Ist 5s 102 U
Potomac Eiec. Ist 5s 99%
Potomac Eiec. cons. S% 101 U
Potomac Elec. 6s 1953 107 U 1084
Wash.. Alex. & Mt. V. ctf 2 4
Wash., Balto. ft Annap 5s 75
Washington Gas 5s 102'« 103
Wash. Gas 6s. series A 104 U
_ Wash. Gas 6s. series B 10a
Wash. Rwy. & Elec. 4s By% 91
NWash. Rwy. ft Elec. gen. 6s 102 1024
MISCELLANEOUS.
Barber & Ross Inc 6Us 93% 94%
Cnam-Vanoit Hotel ti'as ... 93 j
cnestnut Farms Dairy 6Us 106'* 1
unevy chase Cluo 5Us 103 !
D. C Paper Mfg 6s 94 97 ,
Pot. Joan Si.otx La. Bank as. 96
W. M. Cold Storase 5s 96
i Yv'asn Cons Title Co. 6s 100 102
1 Wardman Park Hotel 5U5,... 104 U 105
STOCKS.
PUBLIC UTILITY.
j Amer. Tel. A Telga.. 1... 197
I Cnpital 'iiaction Co .... 106% 107
i ». omi. 11*10.. Gas •i«o-, 4 100
■ i*. <v w. »U ..niooat 3uo ..
iiotoinac E.ec. 6'. pfd iliU 112 U
to.omac biec. oU pld lUd ltis-a
! Wasn. Rwy. Ac Kiec. com uOu . ... 1
1 wasu. jv.vy. <sc b.ec, peu 99 a 9» a I
NATIONAL BANK.
: j National Capital 250 290
I Columbia iu.i -toll
I ; Goiniut.cial 0..3 230
j j Uisu .Ct 241 200
; t.ubi.-Amci.ca.i 3o< 350
! ; Lioe. ,y 200 215
| ' ...I.Cu.-l 420
i ~u..0..al ....l-0p,ii..,,. t 40.) 47a
I i,. .0 5.0 000
| .0. wuk ot Washinciun. 3io 320
TRUST COMPANY.
■ncan Security & Trust 457 460
! wontniental Trust 13.)
j meichants Bank la* 160
: | National Savings ft Trust all. ;>-a
1 i union trust 3j.i oiO
I , Washington Loan ft Trust u2O 040
SAVINGS BANK.
Bank of Bethesda. 73 80
y I commerce & Savings 330
' I nasi Vvu.saington 39 42
' t jioa’.ac 315 3jo
, oitu*..y Sav. & Commercial... • o.» j.)O
se.enth Street i<-0 .....
: Unitec. Slates 000 .10
Washington Mechanics.... .>0 .....
FIRE INSURANCE.
American 305
Corcora:: * 100 ~...
; Firen. .3 38
I Na 1 un.oll 26U
TITLE INSURANCE.
; Columbia Title 14 .....
' Real Estate title 22.) 235
! Hue .v luv. Co. ol Md. com 40 .....
Vasil. Cons. Title pfd o 0 o«
MISCELLANEOUS.
Barber ft Ross. Inc., com 20 23
cnevy Gnase Daily pin 100 no
Cnestnut Farms Dairy com 210 •••■•
Cnesinut Farms Dairy pld 108 IOJ
Col. Sand ft Gravel pfd 92 91
Commercial Nall. Co. pld 103
D. C. Paper Mlg. pfd 86 .....
Dist. Natl. Securities pfd ltjl |OS
Federal Storage pld 122 130
Federal-American Co. com 55
Federal-American pld 103 105
Laiistun Monotype l\B.i };*/*
1 Merch. Trans. & Storage. 1..... 12i 1.10
j Merch. Trans, ft Storage pfd... 101
i Mergenthaler Linotype 104 *o4,*
Natl. Mtge ft Inv. pld ~s;* »/•
Peoples Drug Stores 131 i laa
Security Storage 124 ••••>
Ter. Ref ft Wins Corp 51 »5
Wash. Conv. Hall pfd..., 7a 3a
Wash. Mech Mtge. com 11 1*
Wash. Medical Bid*. Corp 13a
I Woodward ft Lothrop pfd 108
•Ex dividend.
Oil Outlook.
NEW YORK, January 15
sorption of small oil companies by
! larger concerns, a better export situa
! tion and efforts to regulate production,
I Wall Street trade's in oil stocks assert,
point to better things for oil before the
end of the year. They claim the situa-
I tion Is improving despite increased pro
duction.
-•—
Stocks Make Headway.
NEW YORK, January 15 <4o.—Some
stocks that made little headway or de
clined in the latter part of 1928 are
acting better now. This is reported tc
be due in part to rebuying of these is
sues by people who sold for tax pur
■l ro»*6.
THE EVENING STAR. WASHINGTON. T). C.. TUESDAY. JANUARY Id. T 929.
| ON NEW YORK 'BONDS STOCK EXCHANGE|
Received by PrWaU Wire Direct te The Star Office
UNITED STATES*
<6*l** *re In *1.000.1
Sale*. High Low. Close
Lib lat 4*41 5 100.7 1007 100 7
Lib 4th 4Vi» 27* 100 6 1004 1006
US3%a 43. 12 98 97 28 97 28
IU S 3 47. 5 98 1 98 1 98 1
IT S 3**s... 61 107 102 29 102 29
US 4s 1944. 26 106 30 105 30 105 30
U S 414 s 52. 6 110 30 110 29 110 30
FOREIGN.
Sales. High. Low. Close.
Argentina 5s ft 9H4 91V« 91V*
Argentine 6s Ju 59. 5 100 U 100 Is lOOVi
Argentine May’6l. 9 10011.100 100
Argent ine 6s Oct 59 7 100'/* 100'* 100 H
Argentine 5 ‘62. 10 96 95*i 96
[ Argentine 6s A.... 8 1004 100 1004
. ! Argentine 6s B 25 lOO'* 100 100
I Australia 44* 66.. 19 884 88 884
; Australia 5s 1955... 22 •
. Australia 5s 1967.. 12 964 96 964
Austria 7s 2 103 1024 103
Bank of Chile 645. 8 98 98 98
[ Bank of Chile 6 **B. 11 994 994 994
Belgium 6s 67 1004 1004 1004
, Belgium 64s 8 106 1054 106
Belgium 7s 1955... 10 108 107T* 108
! Belgium 7s 1956.... 5 106 1054, 106
■ Belgium 74s 1 1154 1154 1154
J Belgium 8s 4 1094 1094 1094
Bolivia 7s 8 95 944 944
I Bolivia 8s 36 104 1034 1034
Bordeaux 6s 5 99 99 99
! Brazil 64* 1926 29 954 944 914
' Brazil 64* 1927 17 954 914 954
Brazil 7s 4 1004 1004 1004
Brazil 8s 14 1084 108 108
• Bremen State 75... 1 102',« 1024 1024
• Canada 5s 1931.... 6 101 101 101
• Canada 5s 1952.... 16 104 1034 1034
’ Canada 54» 1929.. 22 1004 100 100
' Chils 6s'6o 13 934 934 934
Chile 6s’6l 21 91 934 934
1 Chile 7s 1913....A., 7 102 101 101
' Christiania 6s 1 101 101 101
■ Colombia 6s Jan’6l. 6 304 904 904
1 Copenhagen 44s 53 43 874 874 874
Copenhagen 5s ct.. 8 964 964 964
1 Cuba 54s 5 1034 1024 1034
Czeclto 8s 1951 14 110 1094 110
Czecho 8s 1952 12 110 1094 110
Denmark 44s 113 89% 684 884
Denmark 6s 18 1014 1044 104%
Dutch East 1 6s 47. 7 103% 103% 103%
1 Dutch East 16s 62.. 6 103% 103% 103%
Fiat 7s war’46 2 169 169 169
1 Fiat 7s x war ,46... 68 1004 100 100
Finland sf 6s 45... 7 96% 96 96%
Finland 7s 26 1004 100 100
Framerican 745... 5 1054 1054 1054
French 7s 40 107% 1074 107%
French 74s 32 1124 1124 1124
German El P6Vis.. 7 94 93 93
German 7s 16 1064 1064 1064
Ger Am Bank 75.... 2 98 98 98
Greek 7s 4 98 974 98
Haiti 6s 2 101 1001* 101
Hungary 74s 3 1014 101 101
Irish Free State ss. 8 96 954 96
Italy 7s 40 974 964 964
Italian Pub S 75.... 6 95 94% 95
Japanese 4s 2 924 92 92
Japanese 64s 23 101% 1014 1014
Lyon 6s 9 99 99 99
Marseille 6s 11 99% 99 99
Mexico 4s 04 asntd. 3 21 21 21
Milan 64* 18 90 89% 90
Montevideo 7s 1 1024 1024 1024
Netherlands 6s 54.. 21 1004 100 100
Netherlands 6s 72.. 14 106 1054 1054
New So Wales 575.. 12 944 944 944
New So Wales 685.. 3 94% 944 944
N’ord 64* 1 102 102 102
Norway 5s 1963.... 9 97 97 97
Norway 54* 24 101% 1014 101%
Norway 6s 1943.... 8 103 102% 103
Norway 6s 1944.... 29 103 102% 103
Norway 64s 1952.. 3 1034 103 1034
Orient Dev deb 65.. 30 97% 97 97
Paris-Ly-Med 65... 47 99% 994 994
Paris-I.y-Med 75... 3 103% 103% 103%
Paris Orleans 5 4s. 8 96 954 96
Peru 6s 67 w 1 34 894 89 894
Peru 6s ctfs 19 89% 894 89%
Peru 7s 4 101% 101% 101%
Peru 7 4* I 1074 1074 1074
Pirelli 75’32 400 149 145 147
Poland 6s 40 1 824 824 824
Poland 7s (rets)... 1L 884 88 88
Poland 8s 11 99 984 984
Porto Alegre 85.... 5 1054 105'/* 105%
Prague 74* 7 105% 105% 105%
Queensland 7s 10 109 108% 108%
RhineWst EP 6s’S2 15 93 92% 93
IthineWst KP 65’53 15 954 95 954
Rio de Janeiro 64s tl 95% 94% 95%
Rio de Jan 8s 1946.. 2 1064 106 1064
Rio Or Do Sul 85... 1 105% 105% 105%
Rome 64* 31 91% 91 91
San Paulo City Bs.. 2 113 113 113
Sao Paulo 8s 1936.. 2 106 106 106
Sao Paulo 1950..,.. 2 106 106 106
Saxon (PW) 75.... 3 99% 994 99%
Seine 7s 42 12 1064 1064 1064
Serbs Cr Slav 75... 11 BL4 80% 814
Serbs Crot Slo 85... 15 95 94 94
Slilnyetsu 64 * 52.. 2 914 914 914
Soissons 6s 7 98% 984 98%
Sweden 6s 4 102% 1024 1024
Swiss 54* 1946.... 9 103% 103 103%
Swiss Confed 85.... 5 1104 110 110
TokioSs 5 774 774 774
Tokio 54s 1961.’... 17 89% 894 894
Utd Klngm 54*29. 54 1184 118 1184
Utd Kingm 54* 37. 13 104 103% 103%
Utd SteamCopen 6s 7 974 97% 97%
, Vienna 6s ’52...... 4 874 874 974
' MISCELLANEOUS.
‘ Abram&Straus 54» 18 118 1174 1174
i AjaxKuhber 85.... 1 1034 1034 1034
AinAgnChem 74*. 3 105 105 105
Am Chain 65'33.... 9 98 974 974
Am Cotton Oil 55... 1 99 99 99
Am Nat Gas 6 45’42 3 96 96 96
An Srnlt A H Ist os. 15 101 1004 101
Am Sugar Ref 65... 12 104% 104 104%
AmT&Tcl tr 45.. 24 994 994 994
Am TftTcl tr 65.. 7 1044 1044 1044
Am T A T s f 5s 17 105/* 104% 104%
Am Tel & Tel 54*. 10 107% 107 107%
jAm Water Wks ss. 15 994 98% 98%
!Am Wrtg Pap6s’47 2 814 814 844
Anaconda Ist 65... 40 1054 105 105
Anacondacvdb7s. 17 1914 190 190
Armour ACo 44s 39 53 92% i>2 924
j Armour Del 54*. •. 37 924 914 914
1 Associated Oil 65.. 6 1024 1024 1024
Atl GulfS us 1 73 73 73
Atlantic ReUn 55... 6 1024 1024 1024
Barnsdall 6s 1940.. 52 1.38 1354 135**
Barnsdl 6s w o war 49 994 99% 99%
Bell lei Pa 5s B. . 2 1054 1054 1054
Uethiehni Stl pm 6s 4 100% 1004 1004
Beth Steel 54* 63.. 9 103',* 10.34 1034
Bethlehem Steel 6s. 22 105 104% 104%
Rklyn Edison 55... 3 105 105 105
Bush Term Bldg ss. 3 103% 1034 103%
Certain-Tda 4srcts l 81 81 81
Chile Copper .55.... 28 95 94% 95
Colon Oil 65'38.... 4 112% 1124 112%
Col Gas&El deb ss. 55 100 99-% 100
Con Gas N Y 64*.. 32 1064 105% 105%
Cuba Cane 8s 5 78 78 78
Cuban Am Sug Bs.. 1 1024 1024 1024
Dery (DG) 75 I 71 71 71
Detroit Ed isonss4o, 5 1034 10J 1034
Detroit Edison Cs.. 10 1074 1074 1074
Dodge 6s 29 103% 103 103
Duquesne 44s 67.. 8 100% 1004 1004
Gen Cable 5 45’47. •17 984 984 984
Gen Mot Ac Cor 6s. 32 1034 103 103
Goodrich 64s 6 107% 107 107
Goodyear 5s rets... 54 93% 934 934
Hoe &Co 6 4* 1 86 86 86
Humble Oil 5s 15 1004 1004 1004
Humble O& it 54*- 6 101% 1014 101%
Illinois Bell Ist 55.. 10 1014 1044 1044
Illinois Steel 4 45.. 2 984 984 984
• Indiana Steel 55.... 6 104% 104% 101%
Inti Cement 5s 48.. 101 1104 1104 111) 1 *
inti Match 5s 47... 21 984 98 984
t Int Mer Marine 65.. 4 1004 1004 1004
int Paper 5s 47.... 16 96 95% 96
inter Paper 6s l 95% 95% 95%
| Inf Tei&Teleg 4 4s. 6 91% 944 944
Int Tel&Tel 44* W11915U14 1104 110%
• Kayser J&Co 5 4* 24 135 133 1334
Kan City P & I. 55.. 2 1054 1054 1054
Kan G & E6552.,. 7 1054 105 105
| Lackawanna Stl ss. 1 102 102 102
Laclede 5s 2 1014 1014 1014
Laclede G 54s 52.. 2 105 105 105
Loevv’s Inc 6s 13.1174 116 116%
Loew’s 6s w o war. 10 1004 100 1004
- I.nriHard 5s 5 87 86% 86%
, Lorlllard 545.. s .. 7 87 4 864 864
Lori Hard <P) 75... 2 112 112 112
' Louisv G&E 5s 52. 2 103% 103% 103%
h ManatiSug st 7 4*. 4 1004 99% 1004
; | Mid-Con 64* 40... 4 105 105 105
e Midvale Steel 65... 6 101) 100 100
- { Mont Pow 5s 43.... 13 104 103% 104
- Mont Power deb 5s 2 100 100 100
I Nat Dairy 5%s 41 96 95% 95%
Nat Radiator 6 4*- 7 754 75 75
Nat Tub Ist 55..... 1 103% 103% 103%
NewEtiglandTel £s 9 106 106 106
e N Y Edison 6s 44... 6 104% 1034 104%
N Y Edison 64*. ■ 10 115 1144 1144
NYGEbII ft P 4s 4 934 934 934
e NYGEL H & P 5s 1 107 107 107
o NY Tel 44* 7 UMI4 100 1004
- N Y Tel 6s 41 19 106% 106% 106%
- North Am Edls 55.. 15 1014 101% 1014
-No Am Ed 64*’63. 35 1014 101 1014
!! Sales. High. Low. Close.
Nor States Pow 6s. 4 loi% 101% 101%
Nor States Pow 6s. 10 10614 106 10614
Pacific Gas &El ss. 5 10114 10154 101%
PacT&T Ist 65... I 1025* 102*4 1025.
Pan-Amer Pete 65.. 6 lop* 104% 101*4
Paramount 6s 1947. 8 1001 s 100% 10014
Path* Exchange 7». 17 88 801* 801*
People a Gas 55... . 4 105'* 1051 s 105%
PhilaCo 6s 67 w 1.. 79 100 99% 9914
Phila&ReadC&l ss. 10 90*4 90% 90%
Philips Petro 6 %s.. 4 93% 93% 93%
Pierce-Arrow 85.... 1 107 107 107
Pierce Oil deb 85... 3 106% 106% 106%
Por Rlc Am Tob 6s. 11 102% 102 102
Postal Tel & C 5%5. 25 94% 93% 94%
Pressd Steel Car 5s 5 97% 97% 97%
Public Service 4%s 25 185 185 185
RemingtonAr 6s 32. 2 101 1001* 100%
Rem Rnd 5%s war. 11 94% 94% 94%
Sinclair Oil 6s 10 99% 99% 99%
Sinclair Oil 6%e... 36 101% 101 101
Sinclair OH 7s 16 102% 102% 102%
Sinclair Crude 5%s 15 97% 97 97
Sin Pipe Line 55... 20 94 93% 94
Skelly Oil 5%s 2 93% 93% 93%
South Bell Tel 55... 3 103% 103% 103%
Southwest Bell 65.. 1 104% 104% 104%
Stand Oil N J Ga 46. 10 103 . 10254 103
SugarEstOnenteVs. 7 98 97 98
TennElecPow 6s 47 20 106% 106% 106%
Transcontl Oil 6%s 4 103% 102% 102%
United Drug 5s 53.. .7 97 96% 97
U S Rub Ist rs 55... 86 92 91% 92
U S Rub 7%s 8 101% 101% 101%
US Steels! 5s 17 107% 107% 107%
Utah Pow &Lt 65.. 16 100% 100% 100%
Utilities Powr 5%5. 7 93% 93% 93%
Vertientes Sug 75.. . 5 97% 97 97
Warner Sug 7s 39.. 12 84 83% 83%
West Elec 5s 10 102% 102% 102%
Westn Union 5s 51. 8 102% 102% 102%
Westn Union 6%5.. 12 110% 110 110
Westmghouse 55... 15 104% 104% 104%
White Eagle O 5 %s 1 104% 104% 104%
Willys-Ov 6%533 .. 18 102% 101% 101%
Wilson* Co Ist 6s. 8 102% 102 102
Ynarstn S*T Os wl. 14 100% 100% 100%
RAILROAD.
Atchison adj 45.... 3 87% 87% 87%
Atchison gen 45.... 14 92% 92% 92%
Atl & Dan Ist. 4s 43. 4 73 73 73
Atlantic C L Ist 4s. 1 91% 91% 91%
Atlantic C L 4%s 64 1 97% 97% 97%
B& O Gold 4s 24 92% 92% 92%
B&OCV 4%s 26 98% 98% 1.8%
B & O ref 5s 30 101% 101% 101%
B & O 5s 2000 D.... 31 101% 101% 101%
B & O rs imp 65.... 26 109% 109% 109%
B & O S\Vss 60 2 102% 102% 102%
B& O Toledo 4s 1 83% 83% 83%
Boston* Maine ss. 25 98% 98 98%
Brdvvay*7th Av ss. 1 72% 72Vi 72%
Brooklyn Elec 6%5. 2 94% 94% 94%
Brooklyn Kiev 6%s 9 92% 92% 92%
Bklyn Mannat 65... 48 98% 98 98
Canada South 55... 5 106% 106% 106%
Can Nat 4%s 30.... 5 99% 99% 99%
CanNat4%ss7.... 3 95% 95% 95%
Canad North 6%5.. 9 115% 115% 115%
Cmiad North 75.... 9 112 111% 111%
Canad Pac deb 45.. 28 85 84% 85
Can Pac 4%s 46 3 98% 93% 98%
Car Clinch&O 55.. 5 101% 101% 101%
Car Cllnch&O 6s 52. 2 108% 108% 108%
Central of Ga 5 %s. 6 105% 105 105
Central of Ga 65... 1 100% 100% 100%
Central Pacific 45.. 12 90*4 90% 90%
Cent Pac Ist 5s 90.. 2 102% 102% 102%
Chesa Corp 6s w 1.. 48 99% 99 99
Ches&Ocv 4%5... 41 99 99 99
Ches&Ogn 4%5... 10 98% 98% 98%
Chi & Alton 3%5... 5 70 70 70
Chi & Alt 3%s ctfs. 30 70 70 70
Chi B&« gen 4s 53. 10 91% 91% 91%
C8*Q4%5778.. 3 99 99 99
CB * Q 111 3%8.. . • 1 86 86 86
Chl&E ill gn 5s 61.. 19 82% 82 82
Chi Gt West 4s 69.. 28 69% 69 69%
ChIMHSP&PacSs7S. 87 93% 93 93
CMSP*Pacadjsso3.lo7 79 78% 78%
Chi &NW gen 45... 53 90% 89% 90%
Chi NW 4%s 2037.. 1 96% 96% 96%
Chi & NW 6%s 3 110% 110% 110%
Chi ltys 5s 1 82 82 82
ChlKl&Prf 45... 40 95 94% 94%
CR 1 Pac 4%s w 1.. 17 93% 93% 93%
Chi Til &S E 55... 1 98 93 98
Chi Un Sta 4%5.... 1 100 100 100
Chi Union Sta 55... 6 103 102% 102%
Chi Union Sta 5s 44 23 102 102 102
Chi Union Sta 6 %s. 4 115% 114% 115'%
Chi * W lnd cn 45.. 10 87% 87% 87%
COC*StLSsD... 11 103% 102% 10 5%
CCC *StLrf 6s A. 8 100% 100% 100%
Clev Term 6s I 104% 104% 104%
Clev Term 6%5.... 8 107% 107% 107%
C& S Ist 4s 29 1 99% 99% 99%
Cuba RJt 5s 8 95 95 95
Cuba RK7 %s 3 101 101 101
Cuba Nor 6%scts.. 21 92% 92 92%
D Rio G West 55... 9 94% 94% 94%
DRG*Wst6s'7» 5 93 92% 93
Des M&Ft D 45... 4 33 33 33
Erie Ist cons 45.... 17 85% 85% 85%
Erie Gen 45........ 2 79% 79-% 79%
Erieconv4sß 3 82% 82% 82%
Erie evt 5s 67 w i... 33 96% 95% 96
Erie (Pa) clt tr 45.. 2 100% 100% 100%
Fla East Css 74... 6 79% 78% -79%
Or Trunk stdb 65.. 10 105% 105% 105%
Grand Trunk 15. ... 3 112% 112 112
Gt Nor 4%s 76 D... 6 96% 96% 96%
Great North 5s 1 103 103 103
Great North 5%5.. 11 109% 109 109%
Great Nor gen 75... 58 112% 111% 112
Hav El Ry 5%s 51.. 4 63% 63% 63%
Hocking Val 4%5.. 13 99 98% 9 %
Hud* Man aj 55... 9 83 82% 83
Hud & Man ref 55.. 41 96% 95% 96
Hi Cent ref 4s « 92% 92% 92%
111 Cent 4s 53 1 87% 87% 87%
111 Cent 4%s 66 27 100% 100 100%
Ul-C-C-StL&NO ss. 1 103 103 103
lnt Rapid Tran 55.. 16 7e% 78 78%
lnt Rap Tr os stpd. 41 78% 78% 781*
lnt Rapid Tran 65.. 16 81% 81% 81%
lnt jtap Trans 75... 9 99% 99 99
Ini &GNor Ist 6s. 4 106 106 106
Int&GtNoradj 6ssi 49 94 94 94
lnt liy C A 6%s ret. 9 97% 96% 96%
lowa Cent Ist 55... 6 40% 40% 40%
Kan City Ft S 45... 1 92 92 92
Kansas City S 35... 2 75% 75% 75%
Kansas City S 65... 6 98% 98% 98%
Kan City Term 45.. 7 89% 89-% 89%
Lake Shore 4s 31 ... 13 97% 97% 97%
LehiVgen 4%s 2003 5 971* 97% 97%
Long Is deb 6s 34.. 5 97 97 97
L & N 4%s 2003. .. 10 98% 98% 98%
Louis* Nash 75... 1 102 102 102
Man Ry Ist 4s 90... 1 67% 67% 67%
j Man Ry 2d 4s 2013. 1 60% 60% 60%
Market St 7s 40 3 97% 97 97%
Mil E! Ry &Lss 51 10 102% 102% 102%
Minn&StL ref 45.. 68 22% 21 22%
Minn & StL cn 55... 10 53% 53 53%
Minn&StL fd 5s 62. 1 17% 17% 17%
MSt P&SSM cn 4s. 1 89 89 89
MK & T Ist 4s 3 85 85 85
MK&T4SB 1 86 86 86
M K& T adj 55.... 6 103% 103% 103%
MK&Tpr in 5s A 22 101% 101 101%
Mo Pacific gen 45.. 40. 76 75% 75%
Mo Pac as F 77 9 98% 98 98
Mo Pacific 5s G’7S. 9 98% 98% 98%
Mont Trm ref 5s 41. 5 99% 99 99
I Nassau El 4s 51.... I 5,6 56 56
N O Tex *M 5s 8.. 5 99 98% 99
!NOT*MS%s 1 104% 101% 101%
N Y Cen gen 3 %s.. 16 80% 79% 79%
N Y Cent deb 45.... 3 97 96% 97
N Y Cent r f 5a.... 60 107 106% 106%
N Y Cent deb 65.... 3 107% 106% 107%
NYC* StL deb 4 s.. 2 97% 97% 97%
, NYCIit&SIL 5%sA. 10 107 106% 107
NYChi&StL sV*s B. I 107 107 107
. NY Sus&Wn gen 5s 11 73 72% 71
, NYNH& 11 4s 56. 3 82% 82% 82%
N YNH & H 4%5.. 19 91% 90% 91
, NY NH&H cv db 6s 32 119% 119% 119%
N Y Rys 6s 65 9 20% 20% 20%
N Y Slate Ry 4 %s.. 13 49 48% 49
Nor & S gen 5s 54.. I 89% 89% 89%
Norfolk &W cn 4a. 10 91% 91- 91%
, Nor Pac 3s 2047.... 2.8 66% 66% 66%
, Norther n Pacific 4s. 22 89% 89 .89
Northern Pac r 1 6s. 14 113% 113 113
' Ore Short L rfs 4s. 8 99% 99 99%
’ Ore Wash Ist 45... 2 88% 88% 88%
Pennsyl gen 4 %s.. 9 99% 99% 99%
, Penna K R 45*8-63. 40 98% 98-k 98%
Pennsyl gen 55.... 3 108% 108 108
Pennsyl as 64 5 104 103% 104
Pennsyl 6%s 26 110% 110% 110%
, Pennsylgold 75.... 18 103 102% 102%
. Pere Marq Ist 65... 4 103% 103% 103%
PCC&StLSsA.. 9 108 107% 107%
, PCC&StL 5s B 75.. 7 108 108 108
Portland El PL 6s. 2 102 102 102
1 Reading gen 4%s A 11 99% 99% 99%
Rio GW Ist 4s 1 91 91 91
RioG West cl 45... 2 85%, 85% 85%
R 1 Ark & L 4%5... 4 95% 95% 95%
, StL IM&Sgn 5s 31. 24 100% 100 100%
St L LVI&S R&G 49. 23 91% 93% 93%
> St L&SFpi 4S A.. 2 87 87 87
St LA SPr4% s 78. 42 88% 88 88
, St L*SF pr In ss. 7 101% 101 101%
, St LS Wist 4s 1 87 87 87
i St LS W con 4s 32. 7 96 95% 96
St P& KCjShL 4Vis. 8 2*4% 91% 94%
. San A & Arn P 45.. 1 90 90 90
i Seaboard A 1*45... 2 74 74 74
i SeabAL adj 5s 1949 10 45 44% 45
i Seab A Lcun 6s. ~. 33 76% 77% 77*
U. S. BANK DEPOSITS
SHOW LARGE GAINS
1 Special Dispatch to The Star.
| NEW YORK, January 15.—Deposits
, in American banks arc growing rapid
i ly. Two banks In New York —the Na
| tional City and the Chase National—
I have deposits of more than $1,000,000,-
< 000 each. Five other banks In New
‘ York City have deposits of more than
1 $500.000,000 —the Guaranty Trust, Amer
-1 lean Exchange Irving Trust, National
Bank of Commerce, Bankers’ Trust and
, Equitable Trust. Seventeen other
, New York City banks have deposits
of more than $100,000,000.
, The largest gain in New York In
t bank deposits during the last 12
, months was by the Bank of Manhattan,
which increased its deposits from $215,-
, 820,000 to $465,000,000, a gain of 110
per cent during the year.
Following closely was the Bank of
America, which increased from $167,-
' 000,000 to $317,000,000. a gain of near
ly 90 per cent. This is the bank as
sociated with the Bank of Italy in
California and other Giannlni interests.
■ Only three banks In New York re
t port a decrease in deposits, and two
of these are small.
‘ Machine Tool Inquiry.
| NEW YORK. January 15 UP)— In
, quiry for machine tools from automo
tive, aeronautical and agricultural
equipment makers is Improving, and
' reports from nearly all sections of the
* country Indicate that the holiday lull
” has been shorter than in previous
■ years, says the American Machinist.
| Stock Supply Increase.
NEW ‘ YORK, January 15 (4 s ).—
" Floating supply of United States Steel
Corporation common stock on December
31 as indicated by stock in brokers’
names increased 13.822 shares to 1,718,-
256. or 24.15 per cent of the total issue
of 7.116,235. over the September figure.
On December 31, 1927, the floating sup
ply was 1,787,162 shares, or 25.11 per
“ cent of total.
I
! NEW EXCHANGE URGED.
' CHICAGO. January 15 f/T).—A pro
‘ posal to establish future trading in po
-1 tatoes, apples, milk products and can
' ned goods has been made to members
of the Chicago Mercantile Exchange In
the annual message of Its president, C.
J. Eldredge. The exchange now deals
only In butter and egg futures.
• Eldredge declared that future trad
ing provided the best means yet de
vised to protect crop growers in ad
: vance of marketing.
Vandal la (111.) century-old Presby
. terian Church owns the first bell used
by a Protestant church in Illinois.
Sales. High. Low. Close.
S B All Fla 6s 35 A. 43 71% 69% 71%
SB All Fla 6s 35 8.. 4 70 4 70 4 70 4
Sou Pac 4s 29 4 99% 994 99%
Sou Pacific ref 45.. 25 92% 92 92%
Sou Pac 44* rets.. 22 97% 96% 97V1
Sou Ry pen 4s 6 87% 874 87%
Sou Ry Con 55.. •.. 6,1094 109!* 1094
Sou Ry 6s 56 29 114% 114% 114%
Sou Ry 64* 17 122 1214 122
Sou Ry Mo & O 45... 8 924 924 924
Tex Ark FS 54* 50- 2 103 103 103
Tex tk Pac 5s B 1977 2 101% 101% 101%
Third Ave ref 4s 60. 35 65 64 65
Third Ave Ist ss. .. 9 96% 96% 96%
Third Ave adl ss. .. 45 624 624 624
Tol Tr L&P 54* 30. 2 100 100 100
Union Pac Ist 45... 3 94% 94% 94%
Union Pac Ist rs 4s. 4 89 4 894 894
Union Pacific 4s 68. 1 884 884 884
Union Pac 44* 67.. 30 99 98% 99
Virpinta Ry Ist 55.. 11 1044 1044 1044
Va Ry &P 5s 2 100% 994 994
Wbash 44s 78 rets. 20 904 904 904
, Wabash 5s 76 8.... 15 994 59% 99%
. West Maryland 45.. 30 81% 804 804
, Western Md 5 4*.-• 13 984 984 984
, Western Pacific ss. 5 994 99 99
, West Shore 4:< 2361 3 86V* 86 86
r - -- _____
; Open Until 5:30 P.M. Today
• this popular Payday depository, for
" the accommodation of our many i
» Departmental patrons.
tfAs little as a single Dollar will :v. ;^-iHg + vjjjilSß'.
% . , ° j nUH „ iffijUl es mjjfflß -
identify you with our Savings jiHH It {Bl|§
Department. jja^!iEr :: |
: 2% 'Stf Sf
' c =* Metropolitan Bank
, Savings 15th St., Opposite U. S. Treasury
4 * .
4
And So You Lost
Your Interest
4
4
YOU’RE worried. You have just discovered that you
are still holding a bond which was called for pay
ment at a premium, and on which interest ceased some
] seven months ago. You realize that you haven’t the time
to give proper attention to your securities.
*
How, then, can you avoid such losses in the future? An
Iglehart bond man,whose assistance is yours for the ask
•< ing, will take care of that for you.
H
He will see that the securities you hold are watched
i, carefully, and advise you of developments which merit
X your attention. And, if you wish, he will relieve you of
* the details of having your called bond redeemed.
‘ J\ A. ILL Iglehart & Co.
‘ Investment Bankers
719 FIFTEENTH ST., N. W. • WASHINGTON, D. C.
» Baltimore. Md. •. Clarksburg, W. V*.
I Wilke,-Barre Pa. Ric hmond, Va. ~
. * Wilmington, Del. Charleston, W. Va.
■ •*
.... ...
MANUFACTURING GAINS
SHOWN IN BALTIMORE
Special Dispatch to The Star.
BALTIMORE. January 15.—Prelimi
nary figures of Baltimore's manufactur
ing census for 1927 have been released
by the United States Department of
Commerce through the Industrial
Bureau of the Baltimore Association of
Commerce.
The figures for 1927 show there were
2.075 manufacturing industries in Bal
timore, with an average number of
wage earners of 83,285.
The total value of products amounted
to $702,053,762. while the cost of ma
terials amounted to $431,648,630. Wages
paid were $94,078,374. «
According to the director of the In
dustrial Bureau the total value of Bal
timore’s manufactured products in 1927
was the highest in the history of the
city, the highest previous total being in
1925, when the value was $678,947,199.
The total number of manufacturing
establishments also was the highest in
recent years, exceeding by 60 the total
in 1925.
.
Pig Iron Production.
NEW YORK, January 15 (/P).—United
States pig iron production in 1928 in
creased to 37,837,804 tons from 36,232,-
306 tons in 1927, ’
Money to Loan
Secured by first deed of trust on real estate.
Prevailing interest and commission.
Joseph 1. Weller Bid ” **th & r s r w*
UNLISTED
Stocks & Bonds
Bought — Sold—Quoted
MEHLMAN & COMPANY
Woodward Bide. Maift * B47
K Main 317
rwv
Unconditionally
JW
if Guaranteed Safety 1
for January Funds |
Duty to loved ones and
j self forbids taking chances j|
with hard earned money. iL
That's why so many think- |f.
j ing investors are purchas- ,Is
| ing our 6% First Mortgage |
J Notes secured by modern j
I homes in nearby Mary.
! land. This strong com- j
i pany absolutely guarantees j
the safety of principal; j
also the prompt payment
I of interest on specified
dates.
L ° F Maryland ,nC /
SUDDEN RISES IN MONEY
RATES ARE HELD LIKELY
By the Associated Press.
NEW YORK, January 15.—Present
money rates are regarded In banking
circles as comparatively easy and sub
ject to sudden advances. Although par
ticipation of corporations in the call
money market for some time has been
to a degree responsible for sudden tight
FINANCIAL STATEMENT.
REAL EBTATE MORTGAOE A GUARANTY CORPORATION.
DECEMBER 31, 1928.
_ . J . ASSETS.
Cash on deposit In bank.- *72.130.92
Real estate mortgage bonds 811.824.75
Real estate mortaaee leans 3 488.918 51
Furniture and fixtures 4.938.57
Total assets *4.175.810 7»
LIABILITIES.
Due borrowers on approved loans *93.518.44
I Notes payable—oank loans 55.000 on
Dividends payable (Dee 31 1928> ' 100.471 37
Accrued interest and other payables..../ ". 22.238.38 •>
Collateral trust pold bonds 602.000 00
Capital stock *2.918.748 67
Surplus and reserves 385.839 89 *
— 3.302.388.58
Tot* l ...'..'..*4,175.610.75
Tot ? 1 PA 4 , earnings from July 1, 1923 (date of incorporation), to December
31. 1928 *1,307.507 00
Dividends paid stockholders 921.887.11
SURPLUS AND RESERVES *7385.639 80
AUDIT CERTIFICATE.
I hereby certify the foregoing financial statement in condensed form to be, in my
opinion, a correct statement of the Real Estate Mortgage A Guaranty Corporation as of
December 31, 1928. (Signed) WM. GORDON BUCHANAN.
Certified Public Accountant.
John W. Brawner, C. S. Duncan, Horace G. Smithy.
L. E. Breuninger. Frank H. Edmonds, Thomas Somerville,
Henry L. Breuninger, Edward C. Ernst. Thomas Somerville, Jr..
Arthur Carr. Hayden Johnson. Anton Stephan.
Charles A. Carry. Sol Lansburgh, W. T. Stickle,
t J Fred Drew, William Muehletsen. Donald Woodward.
T. C. Dulin, R. L. Neuhauser, Director!.
F. B. KEECH & COMPANY
Membera
New York Stock Exchange New York Rubber Exchange
Washington Stock Exchange Chicago Board of Trade
I Chicago Stock Exchange New York Cotton Exchange
New York Curb Market New Orleans Cotton Exchange
New York Coffee and Shgar Liverpool Cotton Exchange, Ltd.
Exchange (Associate members)
1510 H STREET N.W., WASHINGTON, D. C.
BRANCH OFFICE—CARLTON HOTEL
(Mezzanine Floor)
New York Philadelphia Providence
52 Broadway The Ritz-Carlton Grosvenor Building
Chicago
231 So. La Salle St.
Private Wires to
Baltimore Chicago Providence
Boston New York Richmond
Philadelphia
Telephone Main 245-6-7 Cable ‘Keechco”
SAFE FIRST MORTGAGES
A TOO HIGH YIELD IS
| A DANGER SIGNAL
The a^urement of big return
shouldn’t blind to the safety of
. an investment. You are not
1 Third speculating when you buy our
°f a 6% FIRST MORTGAGES
Century
Without a They are definitely secured:
Loss and the interest money assured
. promptly on each due date.
v
i
B. F. SAUL CO.
’ j Main 2100 925 15th St. N.W.
| THERE IS NO SUBSTITUTE FOR SAFETY
1 . Now ready for I
\ \ ■ it,trib “ a ° n ■
| \ I
A copy of this !j
\ % ** *ixteen-page
M \ *'**" booklet, which «ug- m
n a L- \ gests sound invest- P
j ASK ments for your
For funds, will be sent j
j Booklet °, n r ' quMt M . ail
jjj WSI9 your copy now. ijjj
G/llet & o*o.
BANKERS
t BALTIMORE. MD. INVESTMENT BUILDING EASTON. MD.
|'| Light A Redwood Sts. Washington. D. C. Stewart Building
Telephone Main 2460 |
i
| \
$ Street I
'! City ft State . . WS-19 I
a eowptlTl tUVESTSHHT SEBtfICK
1
FTN'AISrCTAE.
ening of credit, bankers now are in
clined to believe that international gold
movements will in the near future play
| a larger part, especially since the policy
i of holding gold reserves under earmark
here was resumed by other nations,
particularly France.
Inceases In earmarkings, combined
with heavy withdrawal of corporate
funds. It was said, might be expected
to send money as high as 12 per cent
at any month end.
15

Evening star. [volume], January 15, 1929, Page 15, Image 15
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], January 15, 1929, Page 15, Image 15
About Evening star. [volume] (Washington, D.C.) 1854-1972