Evening star. [volume], December 22, 1929, Page 8, Image 80

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
8
NEW YORK BANK
STOCKS UP 28 PCT.
Substantial Gains From Low
Levels of November in 37
Different Issues.
Special Dispatch to The Star.
NEW YORK, December 21.—Current
quotations of 37 leading New York City
bank stocks, on the average are now
selling approximately 28 per cent
above the low levels reached during
the break of November, according to
a compilation of Gilbert Eliott &
Co. At the high levels of the
year to date the average for the 37
issues was SBB6 a share, wnile In Novem
ber the average dropped to $438 a share.
On the recovery following the November
break, however, the averages advanced
to the current levels of about $560.
A compilation covering 20 of the lead
ing stocks show’s that on the average
these issues are now selling at about
2.28 times their book value, and at about
20.4 times current earnings. Based upon
current dividends these stocks yield on
an average about 2.78 per cent.
Comparative figures on 20 leading
New York City bank stocks follow:
Approx. Per Share Current
Price. Earnings. Yield.
America $l4O $9.00* 3.22^
Br. of N. Y. & Tr 700 37.00 2.86'>
Bankers Trust.. 140 600 2.14'i-
Brooklyn Trust. 800 45 00* 3.75 V
Central Hanover 330 15 05’ 2.12'i
chase 157 6 03* 2.5Vr
Chatham Plienix lift 6.00 3.48 V
Chemical 73 3 50 * 2 47'.
City 227 800* 1.77 V
Corn Exchange.. 185 6.50 2.16',;
Empire (new)... 85 5.C0 3.76 V
Alrst N*t:-aai. . i-ZQ n 255 00 1.89 V
Guaranty . . 675 35.00* 2.96 V
living 56 2.60 2.66 V
Manhattan 175 7.00* 3 56v
Manufacturers . 135 8 00* 4.44 V
New York Trust 255 13.50 1.96 V
Public 120 7.90 3.34 V
V. 8. Trust 3,300 129.00 2.12 V
Average 2.78 V,
'Estimated. The above figures are based
en latest available call statements.
Baltimore Markets
Special Dispatch to The Star.
BALTIMORE. Md. December 21.
Due to the cold weather prevailing to
day, as well as to the lower prices, de
mand for both live and dressed poultry
has been greatly stimulated, and, while
values are slightly higher, the demand
is expected to continue good right up
to Christmas. Shippers should be care
ful. however, not to ship anything to
arrive later than Tuesday morning, as
all markets will be closed Christmas,
and with no outlet all perishable goods
are likely to be a total loss. Demand
is expected to continue good for New
Year, and unless there is a change
In the weather liberal shipments are
advisable, beginning Wednesday and
continuing up to the 28th for live and
the 30th for dressed poultry.
Shippers should be careful, however,
that ail animal heat Is cut of the body
before shipping, and only choice fat
turkeys eight pounds and over should
be shipped. Live turkeys eight pounds
and over show an advance of 4 and 5
cents a pound at 32 and 33 cents, but
crooked breasts, as well as old toms, not
so desirable, at 23 to 25. Colored Spring
chickens four pounds and over in good
demand at 24 and 25. but smaller will
not bring over 20 to 22, while Leghorns
sell mostly 10 and 20. as to size.
Old hens in only llmltea demand and
market is easy and lower at 18 to 24 for
stock weighing 3V 2 pounds and over,
but Leghorns will not bring over 18
to 20, while all poor, thin fowl Is neg
lected at 17 and 18. Market for ducks
and geese steady, under a fair demand,
for large fat stock, at 20 to 24 for the
former and 20 to 25 for the latter, but
stock weighing less than four pounds
will not bring over 16 to 18. Guinea
fowl and pigeons in moderate receipt,
but ample for the demand, and the
market is easy at 40 to 50 each for
the former and 25 a pair for both young
and old of the latter.
Dressed Poultry.
Dressed poultry in light receipt so
far, but only choice to fancy stock will
bring a premium over live stock at the
following quotations: Choice to fancy
young turkeys, 32 to 34; fair to good,
23 to 30; old toms and hens, 23 to 25,
and poor and crooked breasts, 23 to 25;
choice young chickens, 24 and 25; old
and mixed, 23 and 24, and old roosters,
18 to 20; ducks, 22 to 2a, and geese,
23 to 25.
Eggs from native and nearby points
continue in light receipt and despite
the advance In price market holds firm,
with all desirable stock meeting with
prompt sale at full values. Careful
grading Is necessary, however, to bring
top values, as some arrivals are mixed
firsts and pullet eggs and this class of
stock will not bring top prices. The
market closed today at 56 to 58 cents
a dozen for hennery white firsts; 54 for
firsts and 45 to 48 for pullets, while
current receipts sell 43 to 45, but small,
dirty eggs as well as culls will not
bring over 25 to 30.
Vegetable Prices.
White potatoes in moderate receipt
from all sections and the market holds
steady at 3.50 to 4.00 a barrel for No.
1 stock and 2.50 to 3.00 for ungraded,
but No. 2 potatoes generally slow sale
at 1.50 to 2.00. Sack potatoes moving
better than barrel lots at 1.75 to 2.50
per 100 pounds. Sweet potatoes and
yams also In moderate receipt and
market steady at 2.25 to 2.75 a barrel
for the former and 2.00 to 2.75 for the
latter, but ungraded stock will not bring
over 1.50 to 2.00, with bushel hampers
holding mostly 75 to 1.35 as to size and
quality.
Native and nearby garden truck in
liberal receipts and while demand is
fairly good prices are mostly in buyers’
favor at the following quotations: Savoy
cabbage, 30 to 50 basket; carrots, 2.00
and 3.00 100; kale, 35 to 40, bushel and
1.00 to 1.25, barrel; onions, 1.75 to 2.00
per 100 pounds, parsnips, 50 to 65
basket; spinach, 50 to 75 bushel, and
turnips, 25 to 35 hamper.
Live Stock Market.
The general live cattle market holds
steady under light receipts, especially
of first quality stock, most of the ar
rivals on the wharves and at the stock
yards being of common to ordinary
stock. Fancy Spring lambs in light
receipt and in some cases will bring a
premium over quotations, but old sheep
generally slow sale and hard to place
at any price when clipped. Quota
tions today at Light Street Whprf:
Beef cattle, first quality, pound. 10
to II; common to medium, 8 to 9; bulls,
as to quality, 7 to 8; cows, choice to
fancy, 5 to 7; common to fair, 4 to 5;
oxen, as to quality, 7 to 8; calves, veal
choice, 15; large, fat, 14; large, rough,
10ȣ to 12; rough and common, 6 to 7.
Sheep, choice, 2 to 5; old bucks, 3 to 4;
Spring lambs, fancy, 12 to 12%; choice.
10% to 11. Hogs, straight, 9 to 9%;
sows, 8 to 9; live pigs, 10 to 15; shoats,
10 to 12.
With the close of the season at hand,
coupled with light receipts, market for
rabbits holds very firm and values
higher at 3.50 to 4.50 a dozen for
choice, and 1.25 to 2.00 for fair to good |
Shippers are advised that the season ,
closes on December 31 and no rabbits
should be shipped to arrive later, as
it is unlawful to receive on consignment
or offer for zale any rabbits after this
date.
Closing Grain Prices.
Settling prices on grain—Wheat, No.
2. red Winter, spot, 1.22%; No. 2 red
Winter, garlicky, spot, 1.21%; Decem
ber delivery. 1.21%; January delivery,
1.22; com. No. 2 yellow domestic, spot.
1.06; cob com, 4.60a4.75 per barrel;
cats, No. 2 white domestic, spot, 56a
56%; No. 3 white domestic, spot, 55a
55%; rye, nearby, 90*1.00.
To relieve the housing shortage In
Mcscow, Russia, extensive concrete
apartment buildings are being erected.
A
pinanciae;
I BOND SUMMARY FOR THE WEEK
UNITED STATES GOVERNMENT.
im mm
Hl«h. l ow * Hick Low Close. Cbts.
99.31 96. Ltb 3% 1938-47 99.15 99.7 99.!2 +.6
100.00 98.2 Lib lst‘4%a 1932-47. 100.31 100.24 100.31 +3
1101.00 98.6 Ltb 4th 4%• 1933-38. 101.16 101. 101.10 -.5
! 100.04 95.4 USS%s 1940-43 100. 99.20 99.21 +.lO
100.03 95.12 U 8 3%a 1943-47..... 99.30 99.20 99.21 -.10
105.26 98.18 U S 3%x 1915.56.... 104.25 104.5 104.5 -.25
108.24 101.4 US 4a 1944-54....... 107.J6 107.2 107.5 -.25
112.23 106.0 US4 %s 1947-62 111.26 110.26 111.5 -.30
FOREIGN.
—i eta—. Mot
fflsh. Low. Blxh. Low. Close. Cbto.
100% 90 Argentina 5b Juna '69.... 98% 90 96% —l%
101 95 Argentine 6s A's7 98% 92% 96% 3
97 90 Australia 6s ’66. 93% 91% 92% + %
105 100% Austria 7s *43 104 102% 103% + %
99% 83% Bank Os Chile 6%s '67.... 94% 93% 98% -1%
100% 91 Bank of Chile 6*B 1961.. 96% 96 96% + %
101% 98 Belgium 65'65.......... 101% 100% 100% %
116% 112% Belgium 7 %s’4s 116% 115% 115% -1
111% 107% Belgium 8s *4l 110% 109 109
91% 64 Bolivia 7s ct ’69 81 77% 77% -3%
103 98% Bordeaux 65’34 103% 102% 102% - %
96% 65 Brazil 6%s 1926-67 76% 76% 76% -2%
109 85% Brazil 8s '4l 98% 92% 92% -5%
105% 100 Canada 65’52 103% 102 102%
94 84 Chile Republic 6s 1960... 9i% 89 89 —2%
44% 22 Chinese Govt Ry 6s *61... 25% 24 25
91 68 Colombia 6s 1961 Jan.... 77 67 68% -8%
97 93% Copenhagen 5e *62 97 96% 96% + %
111 106%’Czechoslovakia 8s *6l 109% 109 109% - %
101% 98% Denmark 6%■>*“** 100% 100 100% + %
104% 101% Denmark 6- % 104% 103% 104 %
104% 101% Dutch East indies 6s *47.. 102 101% 101% + %
104 101 Dutch East Indies 6a’62.. 102 101% 101% - %
101 93 Finland 7s ’60.98% 97% 97 +%
111 105% French 7a'49 111% 110% 111% + %
119 109% French 7%5'41 118% 117% 118% + %
108 102 German 7e'49 106% 106 106%-%
92% 8(1 German Bank 6s 1938.... 86% 85 85% %
87% 76% Greek 6s 1968...., 83 82% 83 +%
98 95 Irish Free State 6s’6o 97% 97 97 - %
97% 92 Italy 7s ’sl 95% 94 94%—%
103 98% Japanese 6%s '64 102% 101% 101% %
104% 85% KreugerAToll 6sct wl '69 94 92% 92% —l%
22% 10 Mexico 4s 1904-64 11% 10 11% + %
»l% »0 Milan 0%5*52. 86% 84% 84 V* —l%
10T;» 102 Netherlands 6s '72. ....... 104 104 104 + %
95 88 New South Wales 57 90 88% 89 -%
101% 98% Norway 5%s 100% 100% 100%
90 83 Orient Dev 6%s *67 88 86 86 —2
98 93 Paris Orleans 5%s 1911.. 98% 97 98 —1
101% 97% Paris-Lyona-Med 6s *68.. 101% 101 101% + %
90 72 Peru 6s *6O 78 72 77% -1%
103 89% Peru 7s. 94% 91% 91% —2%
155 94% Pirelli Co of Italy 7»’5J.. 108% 108% 108% %
99 81 Toland 8s ’6O 93 90% 92% +1
104% 100 Queensland 6s *47 108% 102 102 —1
113 105% Queensland 7s '41.. 108% 108 108% + %
106% 94 Rhlnelbe 7a 99% 98% 98% %
93% 71 Rhine Westphalia 6s ’52.. 86% 85% 86% + %
107 88 Rio de Janeiro 8s *46 101 94% 94% —6%
92 64% Rio Grande Do Sul 6s *68.. 76 67 67 —B%
91% 81 Rome 6%s ’S3 88% 87% 87% + %
108 90 Sao Paulo State of Is *26. 99% 94% 95 -2%
108% 102% Seine Dept of 7a. 108% 107% 108 + %
81% 70 Serbs. CroatsASlav 7s ’62 77% 76 76 —l%
96 79% Serbs Croats Slov 8s '62.. 89 88 88% %
104% 101% Sweden 65’39 102% 102 102% + %
105% 100 Swiss 6%s *46 104% 103 104% %
99% 95% Toho Elec Pwr 7a *65 100 98-% 99% %
104% 101% Utd Kingdom 6%s ’87.... 103 102 102% + %
100 94 Uruguay 6s 1960 97 93 93 -4
88% 80% Vienna 6s 1952.......... 85 83% 84 - %
85% 67 Warsaw 7s 1958 77% 75 75 -2%
96% 89% Yokohama 6s’6l. 96 95'% 96
MISCELLANEOUS.
120 98% Abram * Straus 6%5'41.. 102% 98% 98% —8
112 93 Alleghany Coev 6a*44... 100% 99 99 -2
106% 10S Am Agri Chem 7%■ *41... 103% 108 103
90 80 Am Beet Sugar $s *BS 79% "75 78% - %
99 93% Am Chain 6s 1931 96% 96% 96%
135 95 Am IGChm 6%s 1949.... 104 102 102 -1%
122% 88 Am International 6%s '49 96% 93 98 -2%
97 64% Aim Natural Gas 6%5’42. 78 76% 77 -10
102 98 Am Sm A Ref Ist 6a*47... 100% 100 100% + %
104% 100 Am Sugar Ref 6s *37 104% 103 103
227 _US Am Tel & Tel cv 4%s *38.. 148% 132 134 —7
105% 100 Am Tel & Tel sf 6s 104% 103 103% - %
85% 73 Am Writ Pap 68’47 71 69 69 -2
92% 86 Armour ACo 4%5‘39 90% 89 89%-%
92% 79% Armour of Del 6 Vis‘43... 84% 82% 83% -1%
102% 99% Atlantic Ref deb 6s *»’/... 103% 100% 100% - %
105% 102 Bell Tsl (Ps) ref ,6s '48... 104% 104 104% - %
102 97% Beth Steel pm 6s ’36 101% 100 100 -1%
105% 102% Beth Steel sf 6s *4B 105 104% 104%
83% 61 Certain-teed 6%s 1941.... 62% 58 58 -5
97 92 Chile Copper 6s *47 96 94% 95 %
119% 69% Colon Oil4s'3B 72 70% 71 +%
100% 96% Columbia G&E deb 6s *63. 100% 99% 100
110% 80 Comm invest 6 %s'4» 86% 82% 83 -2%
98% 88% Comm Invest deb 6s *48... 95 94% 95
73% 62 Con Coal (Md) Ist ref 65.. 62% 60% 61% -1
feO 39% Cuba Can* Sug cv deb Is. 41% 39 39 —l%
108% 104% Detroit Edison ref 6a *40.. 107% 107 107 %
105% 87% Dodgs 6s *4O 94 92% 93 -1%
100% 96% Duquesn*4%s 1967...... 99% 98% 98% -1
95% 60 East Cuba Sug 7%5*87... 68 66 68 -2
100 94% General Cable 6%s 1947.. 99% 98% 99% + %
104 98 Gen Motors ts '37. 102% 101% 101% %
108% 104 Goodrich (BF) 6%5*47.. 106% 105 105
95 85 Goodyear Rubber 6s 1167. 92 90% 91%-%
102% 98 Humble Oil A R 5%s ‘33.. 101% 101% 101%
93% 89% inland Steel 4%s 1975.... 92% 92 92 -3*
118% 88 Intar Cement 65'41...... 96% 91 91 —6%
98% 92% inter Match 65‘47....... 97% 97 97% %
102 90 Inter Mer Marine 65’41.. 91% 97 97..
96% 84 Inter Paper 6s A ’47 90% 90% 90% —1
224 109% inter TelATcv 4V8539... 125 118% 120 —7
96% 86% Kendall 6%'4$ (war).... 91% 89% 91% + %
102% 96 Lackawanna Steel 6s 66. 101% 100% 101% + %
105V* 99% Laclede Gas 6%5. 104 103 104 —1
104 98 Liggett A Myers 65‘61... 101% 99 100% -1%
124 96 Loew's Inc 6s ‘4l war 102% 102% 102% - %
100% 86 Uew's Inc 6a ex war 1941 93% 91% 91%—%
91 79 Lortllard 6%a*37 86% 82% 84 —l%
100% 60 Manatl Sugar sf7%*'4s. 63 61% 63 + %
100% 97 Midvale Steel 6s *36 100% 99% 100 -%
104 98 Montana Power 6s 1943., 101% 101% 101% - %
99 92% Nat Dairy Prod 5%a '4s.. 98% 97% 98 -%
82% 20% Nat Radiator 6%s 1947... 22% 20 20% -1%
107 101 New England Tel 55*52... 105% 105 105%+ %
115% 110 N Y Edison Ist 6%5*41... 113% 112% 112% + %
101 96% N Y Te14%b'39......... 99% 98% 99 %
107% 104 N Y Tsl 6s'4l 107% 106% 106% - %
102 95% North Amer Ed 65'67.... 99% 99% 99% -1%
102% 97% Northern States Power Ss 102% 102 102
102% 99 Pacific Gas A Elec 65'42.. 102% 101% 102
105% 100% PacifioTel A Tel 6s *62... 104% 103 103%
110% 101 Pan-American 65‘34 104% 103% 104 %
100% 91% Paramt-Fam-Lasky 6s *47 99 94% 95 %
100 95% Philadelphia Co 5a *67 98% 97% 98%
118% 60 PhllaAßead CAl6s wi *49 96% 92 98 —3%
93% 85 Philips Petrolm 6%a *89.. 93 91% 91% - %
95% 88% Postal Tel A Cable 6s *3B. 94% 93% 94% %
99% 88 Remington-Rand 6%S *47 94% 92% 93%-%
100 98 Sinclair 011 6s *3O 100 99% 100 +%
103% 96% Sinclair Oil 75’37 102% 101 101 -. %
97% 92% Sinclair Crude Oil 6%5... 97% 96% 96%-%
95 89% Sinclair Pipe Line 5s 1943 94% 94% 94% %
105% 101 South wean Bell Tel 6s *64 104 103% 103% %
103% 100 Stand Oll.N J6s 103% 102% 102% -4
100% 91% Stand Oil NY4 %s *61...« 97% #6% 97
98 68 Sugar Est Orients 5s 1942 66 64 64 -2
110 88 Tenn Copper fa *44 B 99% 97% 97% -2
105 92 Transcon Oil 6Vi ■ '25..... 99% 98% 98% -1%
97% 87 United Drug 6s *6l 96 95 96 —1
92% 80% US Rubber Ist A ref is.. 84 80% 80% -2%
102% 96% US Rubber 7Vfc«'Bo 100% 100% 100% - %
101 95 Utah Power A Light 65... 100% 98% 99%
98 86% Utilities PA L 6Vfcs *47... 89% 88 88 -1%
95 83% Walworth 65*46..,* 87 86% 86% -1%
104% 86% Walworth 6Via'B6 92% 92 92 -1%
NEW YORK STOCK EXCHANGE |
(Continued From Sixth Page.) , ..
Rich. Low. Stock and dividend. Web. Lew. Close. Cbcc.
81% 40 Waoaaft 62 56 60 —l%
104% 82 Wabash pf A (6) 86% 86 86 %
36% 20 Waldorf System <IV*).. 26% 24 x 24 -3%
49% 22 Walworth Co <2) 29 26 26 —2%
21% 1% Ward Baking B 5 4% 4% %
87% 60 Ward Baking pf (7) 65% 64 x 65 —2
64% 30 Warner Bros Pic (4).... 43% 36% 40 —3
59% 26% Warner Bros Ppf (2.20) 39 36 36 —3
42% 15 Warner Quinlan (2).... 22% 19% x 20% 6
207% 115 Warren Broe (t 9) 140% 126% 130% -11%
34% 15% Warren Fdy A Pipe (2). 25 22% 22% -1%
113% 4 Webster-Elsenlohr 75% 6% —l%
48 20 Wesson Oil A Snow (2).. 25% 24% 24% -1%
72% 49% Wesson Oil ASn pf (4).. 52% 62 52 %
60 36% Western Dairy A 14).... 47% 45 46 —2%
40 7 Western Dairy B 14% 12% 12% —l%
54 10 Western Maryland...... 32% 24V* 28 —3%
53% 14% Western Md 2d pf 32 26% 26% -6%
41% 16 Western Pacific 29% 22% 22% -4%
I 67*. 37% Western Pacific pf. ..... 50 46 46 —l%
272'/* 155 Western Union Tel ($)., 206% 185 190 —l4
67% 36% Westtnghouse Air B <2> 47 43% 47
292% 100 Westingr.ouse E A M(5) 138% 126% 130% -7%
64% 19% Weston Elec Inst 111... 32% 27 28% —2%
94% 30 West Vaco Chlorine! 2). 41% 40% 4l -1
75 19 Wextark Radio tc2).... 28% 28% 28% - %
38 25 White Eagle (2) 28 26% 26% -1%
53% 27% White Motors (2) 83% 31% 31% - 2
55% 27% White Rock MlnSp (t 4) 41V* 37% x 37% -6%
48 1 White Sewing Machine.. 8% 8 8 %
57% 27 White Sewing Mpf (4>.. 30 29% 29% -2%
29% 12% Wilcox OH A Gas 16% 16 15 - %
61% 19 Wilcox A Rich 4A) 2%.. 28 26% x 25% -2%
62 12% Wilcox Rich B (c 2) 20 18% xlB% -2%
• ■ • • • ■ $ ' . .
The Sunday Star ia the only Sunday newspaper in Washington carry
ing the complete curb market summary. Why wait until Monday? *
• —.. , , i
4
*THE STTNTOY STAB. WASHINGTON. D. C., DECEMBER 22. 1929—PART SIX.
—MB—i Net
Hfrh. Lew. Hlrh. Lew. Cleia. Chre.
11l 105% Western Union Tel 6%a.. 110 108% 110 +1
103% 96% Wilson ACo Ist «s *41.... 101 99% 100% —l%
101 99 Youngstown Steel 55'78.. 101 100% 100% %
RAILROAD.
91 84% A!ch To AS F# adj 4s ’96 91 87% 90% + %
95 90 Atch TA S F gen 4s 95... 94 93% 93%-%
165 108% Atch.To & San F 4 Vi'4B.. 132 128 128% -3%
93% 87% Atlantic C L Ist 4s '62.... 94 93% 94
99% 93 Atl Coast Line 4 Vis '64... 98% 98% 98% + %
96% 88% BAO gold 4s *4B 92% 91% 92 + %
99% 94% BAOcv 4 %s '33 99% 99 99% + %
108% 99 BAO ref 65’95 102 !01% 101% - %
103% 99% BA O ref 5s D 2000 102% 101 102% +1
105 101 Balro & Ohio 5s 48 103% 103 103% %
110 105% Balto A Ohio 65'95 109 108% 109 %
94 85% BAO Pit LEA W Va 4s. 93% 91% 92% +Vi
109% 99 BAO S W Dlv 6s *SO 102% 101% 102
100 78 Bangor A Aroos 4s ’61.... 84 83% 84% +2
99% 91% Boston A Malne’6s *67,... 98% 97% 97% %
77% 39% Broadwy A 7th Av 6s *43.. 40% 39% 40% -6%
98% 86 Brooklyn Manhat Ist 6a A 95 94% 94%
100 97% Canadian Natl 4%s *30... 100 99% 99%
96% 90 Canada National 4V4s *64. 96 93% 93%
96 90 Canadian Natl 4%a '67... 95% 94% 96 + %
86 80% Canadian Pacific deb 45... 85% 84% 85 - %
93 87% Central Pacific 4s *49 92 91% 91% + %
104% 99 Central Pacific 5s 1960... 102% 101% 101% - %
100% 93 Chesapeake Corp 65’47... 99 98% 99
100 98% Ches A Ohio cv 4%s ’30... 100 99% 99%
100% 93% Ches A Ohio gen 4 %5‘92.. 98% 97% 98 %
96% 90% Ches A Ohio 4%s '93 A... 96 95% 93% -2%
99% 93% Chi BA Q 4V4* 8'77 98% 98% 98% + %
106% 101% Chi BAQ ref 6s’7l 105 105 105 +%
85% 72 Chi A East 111 gen 65’61.. 76 74 74 -2
69% 57% Chi Great West 4s '59.... 66% 65 65% - %
94% 85 Chi MSt P A P6a'7s 93% 92% 91% -1%
80% 68 Ch! MSt P A PadJ 6s 74% 71% 71% —2%
116% 101% Chi AN VV 6%5’38 108% 108 108% - %
108 100 Chicago Northwest 7s'Bo. 101% 100% 100% - %
86 68% Chicago Rys 6s *27 76 73 76
95% 91% Chi R1 APacref 4«*34... 95% 95% 95%-%
94% 86% Cht RI A Pac 4%s w.1.... 93% 93 93 %
100% 90% Chi Union Station 4%5... 99% 99% 99% +l%
116% 111% Chi Union Station 6%5... 115'% 115 115 %
89% 83% Chi A Western Ind con 4s. 89 87% 89 %
105 99% Chi A Wesern Ind 6V4'62. 104% 103% 104% + %
103% 98% CCCAStLSsO 103% 102% 102% - %
105% 96% Cleveland Terml 5s B *73. 105% 104% 105% %
109 106V4 Cleve Terminal 6%s 107% 107% 107%
98% 98% Colo A Sou ref 4 %5'36... 98% 97% 97% Vi
96% 80 Cuba RR 5s *52. 82% 81% 81% + %
98% 65 Cuba North 5%5‘42 73 65 67 -5%
105 100 Del A Hudson 5%5'37.... 104 103% 103% %
92% 87% Den A Rio Grande cn 45.. 93',i 92 93% + %
98 82 Den AR G West 6s '66... 93% 92% 92%
98% 80 DenARIo Or Westn 6s’7B. 88% 88% 88% +l%
41 25 Des MA Ft Dodge 45'35.. 25 25 25
97% 93% Detroit United 4%5'32... 96% 96 96% 4 %
88 80% Erie Ist con 4s *96 85% 85% 85%
82% 74 Erie gen lien 4s *96 80% 80 80 %
98% 91 Erie ref 5s *67 97 95% 95% - %
80 51 Florida East Coast 55'74. 64 61 51% -2
50 25 Fonda JA G 4%5‘52 28% 28 28% + %
106% 102 Grand Trunk s f deb 65... 104% 104 104 %
113 106% Grand Trunk 7s *4O 110 109 109% %
97% 91% Great North 4%s *76 97 95 97 + %
109% 104% Great North gen 5%a *52. 108% 108 108% +l%
112% 107% Great North gen 7a '36... 110% 110 110% + %
70% 59 Havana Elec Ry 6%5.... 66% 65% 65%
84% 70 Hudson A Man adj 5s *67. 78 77% 77Vi %
98% 87 Hud A Man ref 6a *67 97 96% 97
92% 87 flltnols Central ref 4s *65. 91% 90% 90% - %
100% 94% Illinois Central 4%5'66. . 99% 98 99 + %
79% 64 Inter Rapid Tran 55‘66... 63 60% 60% —l%
79% 52 Inter RapTr 6ssta’66... 62% 60'/* 61 —1
84 45 Inter Rapid Trans 6s '32.. 62 50 50 -2
99% 78 Inter Rapid Tran cv 75... 88% 85% 85% -3%
96 78 Inter A Great Nor adj 65.. 89 88 88% -1%
98% 89 Inter Ry Cent Am 6%a... 94 94 94
20 8% lowa Cent ref 4s *6l 9 8% 9
76% 70 Kan City South 3s 1960 . 76 74% 76 —l%
101% 92% Kan City South 55*60.... 100% 99% 99% %
90% 84% Kan City Ter Ist 45*60... 89% 89 89 + %
99% 96% Lake Shore 4s '3l 99 98% 99
90 82% Lehigh Valley cn 4s 2003. 88 87% 87% + %
96% 91% Louis A Nash uni 4s *40... 96% 95 95% + Vi
103 98Vi LoulsA Nash 7a. 1930.... 101% 100% 100% %
97% 80 Market Street Ry 7s A *4O 89 88% 88% —Vi
lOIVi 96% Mil El Ry ALt Ist ref ss. 100% 98% 99 %
35 12 Minn ASt I. ref 45‘49.... 16% 16 15 _ %
101% 96% Mlt PASS M 6 V4»’31.. 99% 99% 99% + %
89 81% Mo Kan A Tex Ist 4s *90.. 87% 86 87% %
107% 94% Mo Kan A Tex adj Sa *67.. 104 103 103% + %
102 95% Mo Kan A Tex pr In 5s A. 101% 101 101 %
77% 70 Mo Pacific gen 45'75 76% 75 76% %
103 95 Missouri raclfic 6s A *66. 101% 98% 101 %
99% 04% Mo Pacific 6s F 99% 98Vi 98% -1
IQO% 93% Missouri Pacific 6s G 99% 98% 99 %
96 90 Mobile & Ohio 4 Via *77.... 95% 96% 95% %
64 45% Nassau El 4s 'sl. 50 49% 50
97% 93% N Y Cent deb 4s *34 97% 97 97%
107% 101% N Y Cent ref imp 6s 2013. 105% 104% 106% + %
108% 102% N Y Cent deb 6s *36 106 105% 105'/, + %
107% 101% NY Chi ASt L ref 6V4 ■ A 107 106% 107 + %
107 100 N YChi ASt L ref 6%i8 106 106 106% -1%
102% 96% N Y Chi AStL 6s A 1931.. 101% 101% 101% + %
78% 70 New Haven deb 4s *67... 79 76% 75% -1%
93% 84% NYN H A Hart 4 Via, *67. 92% 91% 91%
106% 102 NYN H A Hart clt 6s *4O. 104% 104% 104% %
137 117 NYNHA H cv deb 65... 129 124 126 —6
24V* 4% NYRy 6s '65 6 4% 5%-l%
64 10% N Y Stats Ry 4%5*62.... 25 23 23 —1
88 79% N T West A Bos 4%s ’46.. 87% 86% 86% + %
52 Norfolk AWcn 4s *96 92% 91% 91%-%
5? North Pacific 3s 2047 65 64% 66 +%
90% 84 North Pacific 45'97 90% 89% 90 %
104% 100% North Pacific 5s D 2047.. 104% 101% 104% %
113% 109 North Pacific rt 6s 2047.. 113% 112% 112% - %
90% 83% Ors Wash Ist ref 4s 1961 90% 88% 88% %
101% 97 Pennacn 4%s 1960 100% 100% 100% + %
100% 93% Penn gen 4%s *65 98% 97 98 - %
99% 94% Penn 4%s '63 98% 98 98% +Vi
108% 102% Penn gen 6s *6* 106 Vi 106 106 %
104% 100 Pennsylvania 6s 1964.... 103'% 102V* 102% -1
£® nn «%s’3f 109% 108% 109 V, + %
103 100% Pennsylvania 7a *3O 100% 100% 100% %
99% 98 Reading 4%s *97 98 97 97 - %
86% 80% Rio Grand West col 45.... 82% 81% 81% —2
96% 91% R 1 Ark A L 4%s *B4 96 95% 96 +y*
100% 97 StL Iron Mt gen 6s 1931.. 100% 99% 100% %
98% 9t% BtLIMASRAG4 *33.. 96% 95% 95% + % I
89% 83% St LASFpr In 4s A *SO. . 88% 87% 87% Vi
91% 83 StLASF 4%5*78 90% 89% 90 —V*
102 97 StL A San Fran 6s B *60.. 102% 101% 101% + %
88% 93% St Louis S W con 4s *32... 98% 97% 98 —Vi
95% 89% StPKCS Line 4Vis *41.. 95 94% 94% %
60% 60'% Seaboard A L ref 4s *59... 66 54 55 _2
60 35% Seaboard A Lad j6s *49... 60 58 59% +1
80 64% Seaboard A L con 6s *45.. 75 70 70 -5%
91% 86% South Pacific col 45’49... 91% 89% 90 —l%
92% 86% South Pacific ref 4s *55... 91% 90% 91% + %
97% 86% Southern Pacific 4 V4s *6s. 96% 94% 96%
91% 83% Southern Ry gen 45‘56... 89% 88% 88% -1
110 100% Southern Ry Ist 65‘94. .. 107% 107% 107% - %
118 109% Southn Rw’ gen 6s 1956. 117% 116 116% + %
123% 117 Southern Ry dev 6%s *66. 122% 121% 122% %
66 47% Third Ave Ist ref 45*60... 51% 47% 49 -2%
64% 25 Third Ave adj 5s *6O 28V* 25% 26 —1
96 65 Ulster A Del ss'2B 85% 82 86% -3%.
95% 91% Union Pacific Ist 4a‘47... 94% 93% 93% %
89% 82% Union Pacific 4s'flß 88% 87 88 + %
92% 85 Union Pacific ref 4s 2008. 91 89% 89% —l%
108 99% Virginia Ry Ist 6s *62.... 105% 103% 103% -2%
106% 97% Va Ry A Power 65'34 100% 100 100 -1%
92 83% Wabash 4Vis 197$ 91% 90% 90%—%
103% 99 Wabash Ist 6a *B9 102 101% 102 %
100% 98% Wabash Ss B 1976 100 99 99 - %
104% 99 Wabash 6Vis *75 103% 102 102% + %
82 73 Western Maryland 4s *52. 81 79% 79% —V*
99% 89% Westn Maryland 5%s *T7. 96% 95% 96% —l%
100 94 Western Pacific 6s *46.... 97% 56% 97 +1
88% 81% West Shore Ist 4s 2361... 88 88 88 +l%
—s*»s- Net
Hlth. Lew. Stock end dividend. Hlrh. Lew. Close. Chre.
35 6V4 Wlllys-Overlsnd tc1.20). 9% 77% —l%
101 70 Wlllys-Overland pf (7). 70% 70 x7O +l%
13% 3% Wilson A C 0.... 4% 3% 3% - %
27 6% Wilson ACo (A) 8% 8 8 %
79 35% Wilson ACo pf 47 44% x 44% -6%
108% 52V* Woolworth Co (2.40).... 76% 68V* 71% -6%
137% 48 Worthington Pump 76 67% 66 -11%
100% 75 Worthngton Pump A(7) 87% 87% 87% +2%
194% 30 Wright Aero (2) 45 45 45 -1
80% 65 Wrlgley Wm (4) 69 67% x 67% - %
88 61% Yale ATowne (t 5) 78 75 77 +2
51% 7% Yellow Truck A Coach... 15% 12% 12% —2%
59% 83% Young Spring <3) 37 34% 34% —2%
143 91 Youngston Sheet A T (6) 110% 110 110 + %
52% 6% Zenith Radio (2> 10 6% 6% -2%
RIGHTS—EXPIRE.
3 % Am Rolling Mill. Feb 15 % % %
% i Bucyrus Erie. ... Dec 30 % h fe
1 10% % Columhn Carbon Nov 8. 3% 2% 3% + %
34 10'% Det Edison'Dec 23 19V* 17% 18 —1
6% 5% N Y Central -.Jan 31 6 5% 5% - %
13% 8 Pennsylvania R R (rts). 3% 3 3% %
1 15 12% Peoples Gas A C.Jan 15 15 22% 13%
1 % Reynolds Spr .. .Jan 24 % % %
, 1% % Utd Gas Improv, Dec 31. 1% % l %
1 Dividend rate* as ziven tn the above table are the annual cash
oaraenu based on the latest quarterly or halt-yearly declarations
1 'Unit of trading less than 100 ahares. 'Partly extra. iPlut
, *% in atock. {Plus St In preferred stock. IPlus 3/26 In stock.
, a Paid taat year—no rezular rate, b Payable In etock. c Plus 6%
■ In stock, d Payable when earned e Payable In cash or atock.
r Plua 10* In stock, s Plus 6* tn stock, h Partly stock. 1 Plus %%
k In stock, k Plus 1%% a share In stock, n Plus »% In stock, m Plus
> i/25 of a share In stock.
- ■ . ■ - - -1
D. C. Naval Reserve
Members of the Ist Battalion, United
I States Naval Reserves of the District of
• Columbia, will hear on January 27. next,
the lecture of Comdr. Lucius C. Dunn.
United States Navy, on "The United
States Navy and the Monroe Doctrine.”
II covering the service for a period of 106
| years. This lecture Is said to be one of
the mast Interesting ever delivered on
I the Navy, and it is said treats the sub
ject of naval power exhaustively. It Is
tp be Illustrated by stereoptlcon slides.
Lieut. Comdr. Finney B*scorn Smith,
commanding the battalion, said that
l.« considered the organization very for
tunate in being able to obtain the con
sent of Comdr. Dunn .0 deliver the
lecture to the battalion. However, the
, Regular officer was represented as being
deeply Interested in the Reserve and its
development.
For the purpose of encouraging men
to take considerable Interest in splicing
lines and tying knots, a prize has been
offered for the seaman who does this
' work the best. The time for the awafd
or other conditions has not been made
public, but it is pointed out that knot
ting and splicing of lines was one of
the most important subjects in the early
training of a seaman. Considerable
time is allotted In the drill schedule for
this training, and the men are care
fully instructed by the boatswain and
his mates.
The local chapter of the United States
Naval Reserve Officers’ Association at
a meeting held at the Reserve armory
last Monday night elected Comdr. Smith
a delegate to the national convention of
the organization to be held here shortly
after the first of the year. Lieut. Cole
man was named as an alternate.
There was considerable discussion of
matters to be brought up by the local
delegates at the convention, one of the
most important of which, from the Re
serve standpoint, is the matter of
changing the present method of target
practice. The Regular service now has
one method, while the Reserve Is held
to another, lt was pointed out. It Is
now the desire of certain of the Re
serve officers to have the reservists fire
under the same conditions as required
of the Regular establishment for the
purpose of better comparing them.
The Reserve has been trained under
the present method for a number of
years now, lt was pointed out; as a
matter of fact, since the reorganization
subsequent to the conclusion of the
World War hostilities. It was asserted
that under this preliminary work the
reservists have reached a high state of
proficiency which should warrant the
Regular Navy authorities in changing
the Reserve target practice system.
Officers say that If the reserves are
called to the colors in case of emer
gency they must meet the same condi
tions as those already In the Regular
establishment, and therefore they
should have the benefit of the same
■■ - -
Organized Reserves
Os Interest to every Air Corps Re
serve officer residing in the District
of. Columbia are the instructions is
sued last week by MaJ. Oen. C. H.
dMra. ' Mm
MaJ. Gen. Bridie*.
Bridges, the ad
jutant general of
the Army, with
respect to the
placing of Air
Corps Reserve offi
cers on extended
active duty with a
tactical unit of
that corps. This
extended active
training is carried
out for the dual
purpose of carry
ing out the pro
visions of the
Army Air Corps’
five-year program
and to further
train a selected
number of these
officers.
Due to incompete data It is possible
that In rare instances Reserve officers
whose flying ability has deteriorated to
such an extent that it is not possible
to revivify it with a short refresher
flying course will be placed on such
active duty. No Reserve officer will be
assigned to this duty unless it is shown
that he has had considerable recent
flying experience and it is believed that
all officers thus assigned should be able
to fly service type equipment with a
minimum of 10 hours transition fly
ing. The fact that a Reserve officer
has been granted a tour of active duty
does not necessarily mean that such
officer must be retained for the full
period of such duty, if, after a short
refresher course in flying, it is found
that he is not susceptible to becoming
fully capable of performing all types
of flying. In view of the limited fly
ing equipment available with tactical
organizations of the Air Corps all Re
serve officers who do not qualify after
the amount of transition flying will be
reported, through the corps area com
mander, with recommendation as to
whether or not they should be relieved
from active duty.
District of Columbia Field Artillery
Reserve officers will assemble at the
Fort Myer riding hall today at 9
o'clock under the supervision of Maj.
John M. McDowell.
Local Reserve officers of the judge
advocate general’s department will meet
at Reserve headquarters in the Ox
ford Hotel Building tomorrow evening.
This conference, which will be the
last one held until January 3, will be
conducted by Capt. F. P. Shaw.
Plans for the division training of the
80th Division, of which Washington
Reserve units are a part, call for tactical
exercises of the division, the best avail
able site for which is Fort George G.
Meade, Md. This will apply to In
fantry regiments and field officers of
Artillery and Engineers. It is believed
that the period August 3 to 16 will be
the most suitable for the exercises at
Fort Meade. To carry out the exercises
steps will be Instituted to provide for a
set of tactical exercises to suit the
topography of the Fort Meade section.
In general, these will be formulated
in two sets of exercises, one for the j
more advanced officers and the other j
for subalterns and those who have not j
had tactical experience fitting them
to solve higher problems. Problems
will be set up that will meet the re
quirements of both such classes of
officers.
As the Engineer and Artillery regi
ments were ordered to active duty in
1929, they will not be so ordered for
duty as units in 1930, but individual
officers who may apply for active duty
at Forts Humphreys and Hoyle will be
ordered there to the extent they can
be accommodated, the Engineer officers
during the months of July and August,
and the Artillery officers at some period
in August. In case officers should be
assigned to the 315th Field Artillery
they can be sent to Tobyhanna, Pa., at
some period for duty with the 16th
Field Artillery Brigade and with a
National Guard 155th regiment. The
matter of training division train officers
is not yet settled. Medical officers can
b 3 accommodated at Carlisle Barracks
during the period of July 6 to 19, 1930.
It is anticipated that offlqers of the
Ammunition Train desiring active duty
will be sent to the Ist Ammunition
Train at Fort Hoyle, Md., at some
period during July or August. The pro
gram for the tactical exercises will be
arranged as promptly as possible and
put in the hands of the Instructors and
Reserve officers of 80th Division units
for study during the inactive period, so
that by the time the inactive instruc
tional period is over next June, all
Reserve officers of the various arms and
services will be thoroughly familiar with
the program for the tactical exercises.
Washington Reserve headquarters an-
I nounced last week the following changes
*in the assignments of local Reserve
officers: The following have been placed
on the emergency officers’ j-etirqjl llst^
training, so that if a call should come'
they -uld be fully prepared.
The change suggested, it was said. |
involved the towing of targets to the j
range by tugs, and this has been the)
problem the Regular establishments has
had to deal with. The Reserves now!
furnish their own targets, small affairs *
which do not give a real determination!
of the effectiveness of the fire. In the
case of the large targets, it was said,
the gunners have to hit the target in
order to score, while in the Reserve
practice any shot within a certain dis
tance of the target counts. Those fa
miliar with Reserve training point out
further that the Reservists would get
considerably more out of the practice
if they had a target in which they could
see the result of their firing, rather
than getting it from mathematical cal
culation.
The local battalion furnished six gun
crews for target practice during the an
nual cruises last year, and it was said
that four of them obtained a perfect
score, while the other two were very
close. This, it was pointed out, clearly
indicates that the citizen sailors are
ready for promotion to the Regular es
tablishment's methods.
Another matter, considered very im
portant to the enlisted personnel from
a standpoint of morale, is the matter
of wearing the red "hash marks." These
are red diagonal stripes across the
sleeves of enlisted men which show, for
the Regular establishment, just how
many enlistments the man wearing
them has served. It was said that those
in the Regular establishment oppose
the wearing of these marks by the Re
servists.
However, it was pointed out at the
Navy Department, the uniforms of
the Reservists, in other respects, must
conform strictly to the naval require
ments, and there is no valid reason
why the "hash mark” should not be in
cluded. It was pointed out that a naval
reservist is Just as proud of his long
service and is as anxious to show it as
the man in the Regular establishment.
This will be brought to the attention of
the annual convention by Comdr. Smith
and an effort made to have passed a
resolution asking the Navy Department
to permit the wearing of these red
stripes.
Chief Gunner’s Mate White was pre
sented with his appointment in that
rating last week. He was, however,
ordered transferred from the 3d to the
2d Fleet Division, while First-class
Gunner’s Mate Wynne was sent from
the 2d to the 3d Fleet Division. This
change was made necessary, although
it was not desirable, according to Comdr. ■
Smith, because of the limitation of pay
grades In the fleet division. The pro
motion of White, it was said, made an
extra number in the pay'grades of chief
petty officers in the 3d Division, and in
order to retain him it was necessary to
make the transfer.
Majs. William J. Manning, Medical
Reserve, 2800 Ontario road, and Ross
H. Miner, Medical Reserve, 2131 F
street: Capt. Joseph A. Walsh, Engineer
Reserve. 1413 Taylor street, and Second
Lieut. Norman L. Roddy, Ah' Reserve,
1710 Webster street. Capt. Edward L.
Potter, 3601 Connecticut avenue, and
First Lieut. William A. Roberts, Inter
state Commerce Commission, both
Coast Artillery Reserve officers, are
assigned to the 3d Coast Artillery dis
trict.' Capt. Charles Carey, Ordnance
Reserve, 1426 Taylor street, is assigned
to the 80th Division. Second Lieut.
Henry H. Surface, Cavalry Reserve,
13*7 Kennedy street, is assigned to the
62d Cavalry Division. Second Lieut.
Leonard Z. Johnson, Jr., Infantry, Re
serve, 918 Westminster street, is as
signed to the 428th Infantry (cld.),
Second Lieut. Kelly F. Shippey, Coast
Artillery Reserve, 1900 F street, is as
signed to the 3d Coast Artillery district.
Second Lieut. Dan M. Watt, Engineer
Reserve, having moved beyond the
division area, is relieved from assign
ment to the 305th Engineers, while
First Lieut. Charles C. McPherson. In
fantry Reserve, hazing also moved be
yond the division area, is relieved from
assignment to the 320th Infantry. Capt.
Athol E. Later, Infantry Reserve, In
terstate Commerce Commission, is re
lieved from • assignment to the 80th
Division, and is assigned to headquar
ters special troops, 3d Corps (Regular
Army inactive).
-
1100,000 BONUS PAID.
CUMBERLAND, Md., December 21
(Special).—The Selanese Corporation
of America today paid out SIOO,OOO to
its employes as a Christmas bonus in
addition to regular pay.
- 1 ' •
Locusts Turn on Planes.
Locusts recently turned on those who
have been attempting to drive them out
of Ihdia and Egypt. They have been
attacking the airplanes, and have fllled
the ra&lators and engines so that the
pilots had to descend to avoid over
heating. One aviator who went up to
scatter a swarm of the Insects was
forced down, and found that one of
them had been drawn into the air-in
takc pipe.
Established 1t99
INVEST IN
First Deed of Trust Notes
S% to 6 V t %
„ In Denomination* of
5t50.00, MOO. 00 and SI.OM.M
Consult WELCH l ealtors I
Loan Specialists
IStfc* NT. Are. N.W. Nationalists
National Savins* tt Tract Buildins
Money to Loan
■ Steered by flrst daod of tract on real estate.
' Prevalllns Interest and commission.
Joseph I. Weller «*• Wash. l. a Tract
The Commercial
National Bank
Pays interest on DAILY BAL
ANCES on Savings Accounts.
Interest starts from DAY of
deposit and earned to DAY of
withdrawal.
Come in and let us explain
Resources Over $20,000,000.
14th & G Streets
R. GOLDEN DONALDSON. President
'
Offices for Rent
in the
. Chandler Building
1427 Eye St. N.W.
-TN the heart of Washington’s
A financial district.
Single Offices and Suites.
FEATURING free secretarial
1 service, public stenographer,
ice water on each floor, high
speed elevators, excellent outside
light and Venetian blinds at all
windows.
jgHANNON & LUCHg)
Managing Events
PROPOSED BUILDING
REACHES NEW PEAK
Money Value of Projects
During Week Totals
$178,843,000.
By the Associated Press.
NEW YORK. December 21.—With
the announcement of plans for three
large undertakings, the combined cost
of which aggregates $106,000,000, the
money value of proposed heavy con
struction work throughout the country
this week reached a new high level for
a seven-day period with a total valu
ation of $178,843,000, the McGraw-Hill
Construction Daily reports. This com
pares with $66,588,000 in the preceding
week and $98,200 in the corresponding
week last year.
Os the three projects responsible for
the gain, the largest Involved the ex
penditure of $50,000,000 next year in
improving and extending the Pittsburgh
works of the Aluminum Co. of America.
A New York company will spend $30,-
000,000 to erect an 83-story office build
ing on the site of the Hippodrome, soon
to be torn down. The Grand Hydro
Co. is planning to buijd four dams and
a power plant in Oklahoma at a cost
of $26,000,000.
Taking the country as a whole, the
sum Involved in each classification was
as follows:
Industrial buildings, $87,500,000.
Commercial buildings, $36,700,000.
Railway improvements, $16,964,000.
Educational buildings, $13,920,000.
Residential buildings. $8,100,000.
Public work, $9,015,000.
Hospitals. $4,050,000.
Unclassified jobs, $2,594,000.
Other big Jobs announced during the
week included a $5,000,000 program of
power line, pipe line and power unit
construction in Texas in 1930 and a
$3,000,000 school in Mount Vernon, N.
Y. A 26-story office building, planned
for Kansas City, Mo., will cost
$2,000,000.
FIRM PLANS PURCHASE.
NEW'YORK, December 21 (/P).—'The
Youngstown Sheet St Tube Co. is ap
praising the Acme Steel Co. of Chicago
with a view of purchasing the com
pany, according to James A. Campbell,
chairman of the Youngstown company.
First Mortgage Loans
In Arlington County and
Alexandria, Virginia
Commonwealth Investment
Co., Inc.
SOS 15th St. N.W. Phone National *623
Mortgage Loan Correspondent lor
The Prudential Insurance Co.
of America
First Trust Notes
Now Available
6%
JAMES F. SHEA
643 Louisians Ave. N.W.
We Buy and Sell
ALL ISSUES
Bank and Insurance Co.’s
Beneficial Loan
F. H. Smith Co.
Investment Trnsts
S. W. Straus & Co.
Mehlman & Co.
Woodward Bldg. Dist. 8848
- 1",
—uiiuti? —i
What Should Be Done?
. That’s a constantly arising question in connec
tion with the conduct of an apartment house. Much
depends upon how each situation is met; and it
takes experience to know just how to handle it.
\Ve ye had that sort of experience and are render
, ing it to hundreds of satisfied owners.
More Than a Third of a Centura's Experience
B. F. Saul CO. Fifteenth
S e r v i ce^==^ManagementJf=
• THE IDEAL
• INVESTMENT
■i
YttpPwMT UNQUESTIONED
SAFETY
BECAUSE the Bonds of the Federal Security and
Mortgage Company are:
1. Secured by small mortgages on properties in the
District of Columbia.
2. Guaranteed by a strong independent Surety Company,
with resources of over $5,000,000.00, under State and
Government supervision.
3. Further guaranteed by the Federal Security and Mort
gage Company, with a capital and surplus of over
$750,000.00.
4. Trusteed by a large National Bank.
5. Mortgages appraised by independent experts of known
reputation.
6. Legal investment for National Banks and Insurance
Companies,
Federal Security Co.
15 22 K. Street N .W.
CAPITAL & SURPLUS OVER. $750,000.00
.FINANCIAL.
*
ENTERPRISE SERIAL
BUILDING ASSOCIATION
7th St. & La. Ave. N.W.
63rd Issue ot Stock Nov Open
for Subscription
Shares of Stock, SI.OO Each
Payable Monthly
James E. Connelly James F. Shea
President Secretary
rr
First Mortgage
Loan
Applications Invited
Glover 6? Flatter
4508 H St. N.W.
National 1753
■■ •
WE WILL BUY
Investment Bldg. Bonds.
Racquet Club Bonds.
Federal Security Sc Mortg.
Real Estate Mortg. Sc Guaranty.
Tivoli Apt.
A1 Roy Apt.
Bank of Brightwood.
All Washington Bank Stocks.
New York Bank Stocks.
International Finance.
Guaranteed Mortgage Bonds.
CAPITAL CITY CO.
509 Washington Bldg.
Phone District 8291-8292
I WILL SELL
$5,000 Fairfax Apt. of Washington
6V t %, 1943. Bid.
$5,000 Smith Bldg. 6<£%, 19Vf. Bid.
$6,000 Overbrook Arms 7%, 1936.
Bid.
$5,000 Housing Sc Realty Imp. 7%,
1936. Bid.
$5,000 Alexandria Hotel 614%, 1937.
Bid.
$5,000 Hiltop Manor Ist Mort. 6*4%,
1936. Bid.
$1,500 Jefferson Apt. 6%, Ist Mort.,
1939. Bid.
SI,OOO Chatham Apt. Ist Ref. 6'A%,
1931, @ 70.
SI,OOO Arlington Apt. Ist Mort. 6*4%,
1943, @ 75.
$3,000 Corcoran Courts 7%, 1935,
@ 90.
120 Consolidated Mortgage Corp. of
N. Y. City. Bid.
80 Consolidated Mortgage Corp. of
N. Y. City, 2nd Pfd. Bid.
100 North American Development
"Escrow Certificates” <g> 50.
19 Units Wardman Mort. Sc Dis
count @ 30. 1 -
20 F. H. Smith 7*4% pfd. Bid.
10 F. H. Smith 7% pfd* Bid.
10 International Bank <g> 80.
500 Miller Train Control & 60c.
100 Washington Base Bail @ 55.
10 Virginia Plate Glass V. T. @ 30.
50 Great National Insurance @ 14.
100 Vasco Products 8% pfd. @ 8.
5 Units International Finance. Bid.
THOMAS L. HUME
1412 G St. Natl. 1346, 1347