Evening star. [volume] (Washington, D.C.) 1854-1972, January 06, 1930, Image 14

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Evening star. [volume], January 06, 1930, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 06 Jan. 1930. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1930-01-06/ed-1/seq-14/>

Newspaper Page Text

A-14
iBONDLIST GAINS
i I NARROW RANGE
I
l«
Foreign Group Shows Great
• est Strength—U. S. Loans
Are Higher.
BY F. H. RICHARDSON.
.Special Dispatch to The Star.
NEW YORK, January 6. —After a
strong opening, bonds eased off today,
losing most of the earlier gains, but
still making small net advances. The
more pronounced movements were in
the foreign list.
Money was easier than at the end
of last week, but dealers predict that
it will go still lower this week, and
then ascribe a great deal of the present
ouietness in the investment market to
the fact that many buyers are antici
pating this New issues are selling
rapidly, mostly in over the counter
dealings, but this trading is hardly
taking care of the reinvestment funds
known to be available to buyers.
Volume of trading today was about
equal to that in the last sessions of the
previous week. Gains were general
among the United States Government
loans and legal domestic issues. Balti
more & Ohio first 4s, Canadian
National ss. Pennsylvania General 495,
Union Pacific first 4s. Great Northern
7s and St. Paul 5s were higher in the
rail list.
Convertible descriptions turned quiet
and irregular, after opening strongly.
Early interest in the second-grade
rail list dropped off when the rise was
checked. Chicago and Eastern Illinois
ss, Missouri-Pacific 5 Vis. Seaboard Air
line adjustment 5s and Seaboard all
Florida "A” 6s improved. There were
recessions in Chicago and Great West
ern 4s. St. Paul Adjustments, Erie Gen
eral Lien 4s and Missouri-Pacific Gen
eral 4s. The balance of the domestic
list was listless and virtually unchang
ed. Improved conditions in the sugar
industry affected some of the sugar
bonds. Manati 7>-s were a point higher
Activity in the foreign department
was centered around South American
French and German issues. In the
South Americans. Sao Paulo State 6s
advanced 2 points, while Sao Paulo
City 8s lost 2' 2 points. French govern
ment issues were at new high levels
lor 1929 and 1930. The 7s touched
114 Vs and the 7>2S were over 119. Ger
man loans were strong with optimistic
news from The Hague and London.
The reparations 7s and the German
Central Bank 6s (October 1960) were
active. Hungary 7 Vis lost 2 points.
FIREMEN’S INSURANCE
DIRECTORS RENAMED
Stockholders of Washington and
Georgetown Organization Hold
Meeting Today.
At a meeting of the stockholders of
the Firemen’s Insurance Co. of Wash
ington and Georgetown, held today, for
the election of 13 directors to serve for
the ensuing year, the following were re
elected: . -
Edward C. Baltz, Bruce E. Clark,
Millard T. Dixon. Parke A. Galleher,
William M. Hoffman, J. Logan Hopkins,
Albert W. Howard, Charles H. Kindle,
John H. Snyder. Schuyler S. Symons.
Floyd P. Waggaman. Albert W. Walker
and James M. Woodward.
Heads Board Again.
CHICAGO, January 6 (&).—John A.
Bunnell, three times president of the
Chicago Board of Trade, again was
elected to that office today without op
position. He succeeds Samuel P. Amot,
who had been president for two years.
Washington Stock Exchange
SALES.
Washington Gas ss—ssoo at 100, SI,OOO
at 99%.
National Capital Bank —5 at 250, 2 at
250.
Federal-Americar. National Bank —10 at
293, 10 at 292.
National Mige. & Inv. pfd.—so at 4'i.
Peoples Drug Stores pfd.—lo at 1039-
AFTER CALL.
National Savings & Trust Co.—lo at
515.
Potomac Electric 5 1 % pfd.—s at 105%.
Washington Gas 6s B—s2oo at 102.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
Bid. Offer.
Amer. Tel. & Telga. 49s '33. .. 99
Amer. Tel & Telga 49s '39... 140 . ...
Am. Tel & Tel. ctl. tr. 5s 1039
Anacostia & Pot R. R. 5s 81 85
Anacoftia A Pot guar. 5s 91 94
C. & P. Tel of Va 5s 100 .....
Capital Traction R. R. 5s 919 929
City A- Suburban 5s 81 8} 9
Georgetown Gas Ist 5s 979 101
Potomac Elec. cons. 59 100 101 V«
Potomac Elec. 6s 1953 1959 . • •
Wash.. Alex A at. Ver ctf.... 1 ,3
Wash,. Balto A Annap. 5s 66 .....
Washington Gas ss. 999 101
Wash. Gas 6s. scries A 101 102 Va
Wash. Gas 6s. series B 103 • • •
Wash Ray. & Elec. 4s 82 83
MISCEI-.aNEOUS,
Barber A Ross. Inc,. 6', is 839 91V«
Cham.-Vanblt. Hotel 69s 80
Chevy Chase Club 59s 108' •
D. C Paper Mtg 6s 88 96
Pot. Joint Stock Ld. Bk. 5s 93 98
W. M. Cold Storage 5s .95 .....
Wash. Cons. Title 6s 100
STOCKS.
PUBLIC UTILITY. .
Amer. Tel. A Telga *222 .....
Capital Traction 75 iv'M
Washington Gas Light 95 110
N. A W Bteamboat 250 295
Potomac Elec. 6'. pfd }lO9
Potomac Elec. 59'. pfd 105 1(6 a
Wash. Rwy. A Elcc. com 475 .....
Wash. Rwy. A Elfc pfd . ... 93'a 95
Wash.. Balto. A Annap com.. . 7
Wash.. Balto. A Annap. pfd.. 7
NATIONAL BANK
National Capital. 250 300
Columbia JOO 450
District 216 230
Federal 292 300
Liberty 212 225
Lincoln 390 440
National Metropolitan 375 4ZO
Riggs SJB 530
Second s 210 ....
National Bank of Washington 260 300
TRUST COMPANY.
Amci.can Security A Trust Co .’425 450
Continental Trust *33 a *}■>
Merchants' Bank • * IJ2
National Savings A Trust 9 510 52U
Union Trust ..
Washington Loan & Trust 485 szo
SAVINGB BANK.
Bank of Bfthesda 65 72
Commerce & Savings 330 • •:••
East Washington §® ij?
Security Savings & Commercial 476 500
Seventh Btreet JO®
United States . ®OO • ••• • j
Washington Mechanics 50 ou
FIRE INSURANCE
American ??2
Corcoran . *“**.,
Firemen's il'*
National Union 3 * •'
TITLE INSURANCE
Columbia Title **
Real Estate
Title & Inv. of Md. com 25
MISCELLANEOUS.
Barber A Ross. Inc., com 16 20
Chevy Chase Delry pfd 102 108
Col. Sand A Gravel pfd. «# •»
Commercial Natl Co. pfd #9 .a 101
D C. Paper Mfg. pfd.... 50 86
Dist. Natl. Securities pfd 95 102
Federal Storage pfd *ll4 125
Federal-American Co.com 32 34
Federal-American pfd 100 loa
Lanston Monotype. }}* H 2
Merchant*’ Trans. A Storage... lit 125
Merchants' Trans. A Stor. pfd.. 99 lOJ
Mersenthaler Linotype 106 107
Natl. Mtge. A Inv. pfd... 4 »
Peoples Drug Stores pfd....... 103 < 103 a
Real Est Mtge. A Guar pfd... 77%
Security Storage I*4 120
•Ter. Rel. A Whr. Corp 48 53
The Carpel Corp 24 35
Wash. Mech. Mtge. com 11 1*
Wash. Medical Bldg Corn 100
Woodward A Lothrop pfd...... 105
'tU dividend.
f
FINANCIAL,
| ON NEW YORK BONDS STOCK EXCHANGE |
Received by Private Wire Direct to The Star Office
> UNITED STATES. |
(Bales are tn $1,000.)
■ Sales High. Low. 3:15
Llb3V4s 41 .99 16 99 12 99 16 j
Lib Ist 4V«s. . 36 100 30 10026 100 30
(Lib 4th 4 14.. 164 1019 1017 1019
’ US 3%s 43.. 1 99 17 99 17 99 17
US3%s 47.. 2 99 23 99 17 99 23
US 4s 1944.. 47 107 12 107 8 107 12
U S 414 52... 11 111 5 111 2 111 5
FOREIGN.
Sales High Low 3:15
Argentine 6sJu 69. 5 9614 9614 9614
Argentine 6s Oct 59 15 96Vi 96 9614
Argentine May 61. . 4 96** 9614 9614
Argentine 5V4» 62. . 7 91 90 91
l Argentine 6s A... . 24 9614 96 9614
Argentine 6s 8.... 8 96 95'* 9514
’ Australia 414 s 56.. 16 83** 83 83
' Australia 5s 1955.. 16 9414 94 9414
! I Australia 5s 1957.. 2 93*4 93*4 93*4
i Austria 7s 8 10274 102** 102**
Bafik of Chile 6145. 3 95 95 95
I Bank of Chile 6%5. 5 97 9614 97
Belgium 6s 30 10114 10114 10114
1 Belgium 614 s 20 106 105** 105**
Belgium 7s 1955... 13 11014 110 110
1 Belgium 7s 1956. .. 21 10714 1079 10714
Belgium 714 s 19 11514 115 115
: Belgium 8s 6 109** 109** 109**
' Bolivia 7s ct 69 8 77 76*4 76*4
Bolivia 8s 6 94 92*« 94
Bordeaux 6s 2 10214 1029 1029
Brazil 614 s 1926. .. 20 75Vi 7414 7614
Brazil 614 s 1927 11 75 74':, 749
Brazil 7s 9 86 859 86
Brazil 8s 18 989, 9714 989
Bremen State 75... 6 99 98** 99
Canada 5s 1931 1 100V* 100 V, 1009
Canada 5s 1952 19 103*. 10314 103**
Chile 6s 60 7 899 899 599
Chile 6s 61 3 90 899 90
Chile 7s 1943 9 9914 9914 999
Colombia 6s Jan 61. 1 7014 70*4
Con Pow Japan 75.. 7 981* 989. 98,4
Copenhagen 5s ct.. 4 98 9714 98
Cuba 514 s 4 100*i 100** 100**
Czecho 8s 1952 2 1099 109* 1099
Danish Munic 8s A. 1 Ho*« 110*4 110**
Denmark 4’4 s 38 9114 9014 9L*
Denmark 514 s 55. . 2 10014 1009, 100 4
Denmark 6s 7 104V4 10414 1049
Dutch East 16s 62. 3 101*4 101*. 101*.
El Salvador 8s 48 . . 2 10514 105*. 105,4
Fiat 7s war 46 1 106 106 106
Fiat Jsexwar 46.. 10 90'4 90 9<>
Finland 514 s 2 86 85 86
Finland 7s 6 999 99 99 *
Franierican 7145... 2 104 104 10^
French 7s 89 1149. 1129, 11*9
French 714 s 101 11914 118'* 1199
German Bank 6s ’3 20 869 85 T w 869
1 German ELP 614® • 1 92 92 92
1 German 7s 12 107 106 „ 107
Ger Gen Elec 7s 2 10014 1009. 100 *
1 Greek 6s 1963 11 82** 81** 8-«
Haiti 6s 1 9714 97 4 97 4
Holland-Amer 65... 4 929 92 4 •- »
Hungary 714 s 1 10<F» 100'w 100'*
Italv 7s 12 95v* 95 1 1* *•
Italian Pub S7s 1 93 93 93
Japanese 4s 26 95 94*. !'4*«
Japanese 614 s 24 1029,102 102
Karstadt 6s 1943... 11 709, 709. .09,
Kreuger&To’l 5s ct. 61 93% 93V* 93*
Lyons 6s 3 102*4 1029, 102*4
Mexico 4s 10 asnt.. 20 11*4 1114 11'^
Milan 614 s 3 88 8,9, 88
Montevideo 7s 1 98*. 98** 98*4
New So Wales 57... 4 90 89*w 90
New So Wales 58... 1 89 89 89
Nord6l*S 4 102T4 102*4 102**
Norway 5s 1963. ... 7 9714 971* »7H
Norway 614* 4 101 100*. 101
Norway 6s 1944.... 3 103 103 103
Norway 614 s 1952.. 2 I«R* 102*. 1029,
Orient dev 514 58.... 13 88 ’* 88vi 88 *
Paris Orleans 5145. 7 100 9714 100
Paris-Ly-Med 65.. •21 10214 102 102
Paris-Ly-Med 75... 1 1059, 105 10514
Peru 6s 1960 10 71 7014 7014
Peru 6s 1961 *4 719 7014 7114
Peru • 5 94 9114 9IV*
Poland 6s 40 1 75 75 75
Poland 7s (rets)... 11 82 82 82
Poland 8s 14 95 95 95
Porto Alegre 85.... 1 95 95 95
Prague 714 s 9 103 1029 103
Queensland 7s 5 108 108 108
Rhine Wst EP 7s 50 3 100*4 1009 1009
Rio de Janeiro 614 s 6 72*4 729. 72*4
Rio Gr do Sul 6s 48. 20 66 659, 66
Rio Gr Do Sul 85... 7 9414 929 949
Rome 614 s 10 899 88*4 899
Sao Paulo 8s 1936.. 6 99 99 99
Sao Paulo 1950 24 939 91*4 939
Seine 7s 42 1 1079 1079 1079
Serbs CrSlov 7s. .. 6 76*4 76** 76**
Shineyetsu 614* 53. 1 86V4 869 869
Soissons 6s 8 102 102 102
Sweden 514 s 2 106 106 106
Swiss 514 s 1946 1 1049 1049 1049
Swiss Confed Bs. .. 11 108*4 1089 108*4
TohoEl Pow 7s. ... 2 98** 98*4 98*4
Toklo 5s 1 759 759 759
Tokio 514 s 1961 3 899 89 899
Utd Kingm 514 s 37. 5 103 1029 1029
Uruguay 6s 1960... 3 949 949 949
Uruguay 8s 1 1069 1069 1069
Vienna 6s 52 5 84 839 839
Yokohama 6s. 4 9614 96 9614
MISCELLANEOUS.
Alleghany Cp 5s 44. 28 100*4 1009 1009
Alleghany 5s 49.... 5 1009 100 100
Am AgriChem 714 s 6 1039 1039 1039
Am Beet Sugar 6s 3! 2 76 76 76
Am Chain 6s 33.... 1 979 979 979
Am Int Cor 614 549 18 959 94*4 94*4
AmChem 514scv 49 9 103 1029 1029
Am Smlt & R Ist 5a 10 101 100*. 100*«
Am Sugar Ref 6s. . 9 1049 103*4 1039
Am TAT cv 414 s 39 327 141*4 1399 1399
Am T&Tcl tr os. . 12 104 103 104
Am TAT sf 55.... 7 104 103*4 104
Am Tel A Tel 59.. 8 1079 107 107
Am Water Wksßs.. 10 100 100 100
Am W’rtgPap6s 47. 5 69 69 69
Armour&Co 414 539 5 8914 89 89
Armour Del 5145... 6 839 829 82 *
. Atl Gulf 5s 59 7 749 749 749
, Atlantic Resin 55... 4 101 100 100
Bell Tel Pa 5s B 5 1059 1059 1059
■ Bethlehm Stl pm 5a 6 1009 100 100
Bethlehem Steel 6s. 11 105 1049 105
Bklyn Edison 55... 4 105 1049 1049
1 Bush Term Bldg ss. 1 1009 1009 1009
' 'Certn-Td 514 s rets. 2 55 55 55
Chile Copper 55.... 22 959 959 909
Col GAEI 5s May 52 2« 1009 100 1009
4 Com Invest 514 s 49. 3 86 859 859
! Com Invest 6s ’48.. 5 939 939 9.1/1,
Con Coal Md ss. ... 8 619 619 619
Con Gas N Y 595. . 10 1059 1059 1059
Consumers Pow ss. 2 1029 1029 1029
Cuban Am Sugar 8s 1 999 999 999
Det Edison 6a 5 1069 1069 1969
Dodge 6s 8 88 929 929
. Duquesne 49» 67.. 19 999 999 999
4 East Cuba Sug 79» 8
Fisk Rub 8s 4 759 759 759
4 Gen Cable 514a 47.. 12 100 99*, 100
5 Gen Mot Ac Cores. 33 101** 1019 1019
’ Goodrich 69s 8 1069 105 105
Goodyear 5s rets... 36 92 91 92
Hoe&Co6Vis 2 78% 78% 78%
Humble O&R 55... 16 100% 100% 100j.' ;
Humble O&R 5 V,s. 2 101% 101% 1«1%
111 Bell Tel 5s 3 105% 105% 105%
111 Steel 4% s 40.... 2 98 97% 99%
Inland Stl 4%s 78.. 5 93 92% 93
Inti Cement 6s 48.. 14 92 4 91 * 91%
Inti Match 6s 47... 12 98 97% 98
Tnt Mer Mar 6s 1 97% 97 sivs
lnt Paper 5s 47 1 90% 90% 90%
Inter Paper 6s 4 88% 83 88
lnt Tel & Tel 4%5.. 17 94 93% 93%
lnt Tel&Tel 4%s ct 15 124% 12* 124 j
Kan City P& Lt ss. 3 103% 103 103%
Kan G*& E6s 52 .... 2 104% 103 104%
laack.a wanna Stl ss. 2 102 102 102
Laclede G 5%s 52.. 1 103% 103% 103%
Lautarc Nitrate 6s. 2 81 81 Hi
Loew’s, Inc 6s 2 102% 102 102
Loew's 6s w o war. 1 91% 91% 91%
Lor (Hard 5%s 2 87 87 87
Lorlllard (P) 7s 6 105% 105% 105,4
Lou Gas &El 5s 52. 3 101 101 101
Manati Sugar 7%5. 2 70% 70% 70%
McC’rmlck ER 6s 34 11 101% 101% 101%
Midvale Steel ss. .. 1 100% 100% 100%
Montana Pow 5s 43. 6 102 102 102
Mor’s &Co Ist 1 82 ”2 H 2
Nat Dairy 5% s. .. . 17 98% 98% 98%
Nat Radiator 6%5. . 2 23 22% .23
N Y Edison 5s 44 ... 1 103 103 103
N Y Edison 6%5. .. 13 111% 111% 111%
NYG&EHP 55.. 1 104% 104% 104%
NY Tel 6s 41 2 107% 107% 107%
N Y Tel 6s 49 2 110% 110% 110%
North Am Edls 65.. 10 100 100 100
No Am Ed 6%s 62 . 6 102% 102 102
Nor States Pow ss. 5 100% 100% 100%
Pacific Gas &El ss. 7 101% 100% 101%
Pac T& T Ist 65... 3 102 101% 102
Paramount 6s 1947. 11 99 98% 98%
Pan Amer Pete 65.. 10 103% 103 103
Pathe Exchange 7s. 2 40 39% 40
, Peoples Gas 5s 11 102% 102% 102%
r Phila Co 5s 67 19 98% 98% 98%
Phila& Read 6s 49. 12 93% 93% 93%
Phillips Petro 5%5. 27 91% 90% 60%
Postal Tel &Cs%s 8 94% 93% 93%
Pub Ser 4%s 5 185 185 185
Punta Alegre 75... 4 53% 53% 53%
THE EVENING STAR, WASHINGTON, D. C., MONDAY, JANUARY 6, 1930.
• Sales. High. Low. 3:15.
Rem Rnd 5 9 war.. 5 93 929 93
I Richfield Oil 6s 44. . 6 969 969 969
Sinclair Oil 6s 5 100 999 100
Sinclair Oil 695. .. 15 1009 999 999
Sinclair Oil 7s 14 1019 101 1019
Sinclair Crude 5 V&s 6 97'A 97 97
Sin Pipe Line ss. .. 21 949 949 949
Skelly Oil 59s 3 939 929 929
South Bell Tel ss. . 3 102 101** 102
Stand Oil N J 46. . . 15 102 102 102
Stand Oil N Y 495. 3 969 969 969
Sug Es Orient 7s. .. 2 46 46 46
Tenn ElecPow6s 47 2 105** 105*4 105*4
Tex Corp cv 5s 1944 42 101% 101% 101 %
Transcontl Oil 69s 1 99 99 99
United Drug 5s 53.. 19 94U 939 939
U S Rub Ist rs ss. . 24 8514 8414 849
U S Rub 795. .4 ... 8 1009 10014 1009
Utah Pow &Lt ss. . 3 99*4 99'/* 99*4
Utilities Pow 595. 5 879 87 879
Vertientes Sug 75.. 3 62 62 62
Walworth 6s 45... . 25 86 86 86
War Quinland 6s '39 19 88 88 88
Warner Sug 7s 41.. 4 105 104 105
Western Elec ss. .. 1 1039 1039 1039
Westn Union 5s 51. 2 103 103 103
Westn Union 695. . 6 1099 1099 1099
White Sew Mach ... 16 74 74 74
Wick-Spen cv 7s. .. 3 25 25 25
Wilson ACo Ist 6s. 3 101 100*. 101
Willys-Ov 69s 33.. 1 999 999 999-
Win Repeat Ar 79» 1 101 101 101
Youngstn S& T ss. 39 1019 101 1019
RAILROAD.
Atchison adj 45... . 6 92 91 91
Atchison gen 4s. ... 7 939 939 939
Atch deb 49s 43. .. 37 1299 1289 1299
Atl & Dan 2d 4s 48. 2 55 55 55
Atlantic C L l-st 4s*. 5 939 939 939
Bang A Aroos 4s 51. 3 84 83*4 83*4
BA O Gold 4s 3 929 929 929
BAOcv 49 s 7 899 899 899
BAOrfßs. 8 102 1019 1019
BAO as 2000 D 6 102 1019 102
B A O rs imp 6s 10 1099 1089 1089
BA O SVV 5s 50 7 103 1029 103
Boston A Maine ss. 14 989 989 9814
Brdway A 7th Av 5s 26 36 359 359
Bklyn Elev, 69 5... 2 88 88 88
Bklyn Manhat 65... 15 95 949 949
Bklvn Un El 5s sta. 2 85 85 85
Buff R A Pitts 4 9s. 4 929 929 929
Can Nat 49s 30..-.. 2 99*, 99*. 99*.
Can Nat 49s 54 51 939 989 939
• ’an Nat 49s 67 11 94** 969 949
Can Nat 49s 68 2 949 94 94
Canada Natl ss. ... 63 1019 100** 101**
Can Nor 69s 4 113** 1139 1139
Can Nor 7s 20 111** 111 HI
Can Pac deb 4s 8 iy** 849 84'*
Can Pac 49s 46 1 9,9 979
Can Pacific ctfs ss. 9 101*, 100-* 100-*
Car Clinch AO 55.. 1 1009 1009 1009
Cent I’ac 4s 1 9214 929 929
Cent Pac Ist 5s 90.. 1 1029 1029 1029
Ches A O Corpn ss. 36 989 98 98
Ches A O 49s 93 A. 16 95 949 949
Ches A Ocv 4 9s. .. 6 999 999 999
Ches A O gen 4 95.. 9 98 97** 9r *
Chi BAQ gen 4s 53. 1 91** 91*4 91*,
CBAQ49s 77 B. . 1 98*< 98** «8-«
CB A Q Ist ref 55.. 2 106 105** 105 ,
ChIAE 111 gn 5s 51. 5 74 74 74
Chi Gt West 4s 69.. 30 669 63 63
Chi IndAL ref ss. .. 1 1019 1019 1019
Chi MilSPAPacos7s 13 939 93 939
CMSP&Pac ad jsso3 72 73 729 729
ChI&NW conv 4%5. 21 1009 100 100
Chi ANW 69s 15 108 107*4 108
Chl&NW7s 5 1019 1019 1019
Chi RIA Pgn 45... 2 889 889 889
Chi RIA Prs 4s. .. 47 95** 95*4 95**
Chlß 1AP495... 3 93*4 93*4 93*.
Chi Un Sta 49s 3 999 999 999
Chi Union Sta 5s 44 11 102 U 1029 10214
CA W I 59 s 62 4 104*4 1049 1049
Clev Term 5 9s. ... 3 106** 106** 106*»
Conn RyAL 49s sta 8 95 95 95
Cuba RR 5s 1 81 81 81
Cuba RR 6s 1936 cf 5 909 909 909
Cuba Nor 59* cts.. 6 639 629 629
Del A Hudlst rs 4s. 3 93*4 939 93V4
Del A Hud 7s 30 6 1009 1009 1009
Den A Rio Gcn 45.. 1 939 939 939
DR G A Wst 5s 55. . 12 94 939 939
Det United 49s 4 98 96 98
Erie Ist cons 4s. ... 4 87 87 87
Erie Gen 4s 2 819 819 819
Erie cv 5s 67 27 97V4 97 97
”rie convEx 75.... 1 1019 1019 1019
Fla East Css 74... 12 519 50*4 50*4
Gr Trunk st db 65.. 9 1049 104', 104'*
Grand Trunk 75.... 5 1109 110*4 1109
GtNor 49s 76 D. .. 3 979 97 9 979
Gt Nor 5s 29 104 104 1049
GtNor gen 7s 71 1109 1109 110*4
Hav El Ry 59s 51.. 5 649 649 649
Hud A Man aj 55... 17 789 789 789
Hud A Man ref 55.. 1 969 969 969
111 Cent 4%s 66 6 99 98** 989
111 Cent Chi 4 9s. .. 7 979 879 979
111-C-C-StL&NO ss. 6 1039 103 103
Int Rapid Trans ss. 19 629 61*4 61*4
Int Rap Tr 5s stpd. 14 62 61*4 61**
Int A G Nor Ist 65.. 1 104 104 104
Int Rapid Trans 7s. 5 86 86 $6,
Int AG Nor adj 65.. 14 899 89 Bt9
Int Rys CA 5s 2 75 75 75
IntßysC A 69srct 2 949 94 »*4
Kan City S3s 35 769 759 769
Kan City Term 4s. . 18 899 899 ‘899
Kansas City S 55... 5 100 999 100
Lake Shore 4s 31... 36 999 999 999
LehiVgen 4 9 2003. 1 989 989, 989
Lehigh Valley 5s 20 4 106 106 106
Long Is rs 4s 49.... 5 879 879 879
Long Is deb 5s 34.. 4 999 999 999
Louis U Nash uni 4s 3 959 959 959
Louis A Nash 7s. .. 17 1009 100*4 100*.
Man Ry Ist 4s 90 ... 1 56 56 56
Market St 7s 40 14 939 929 939
Mil El RyAL 5s 61 3 99 9 989 989
Minn A StL-ref 45., 2 149 149 149
MSt PASSM cn 4s. 5 899 899 899
MSt PASSM 5148. . 7 869 85 85
MSt PASSM 6 9s. 7 999 999 999
MKAT4SB 6 879 87'/* 879
MK AT adj 5 s 2 1039 1039 1039
MKATprIn 5s A. 18 1019 1019 1019
i Mo Pacific gen 4s. . 25 759 75 75
Mo Pac 5s A 65 2 1019 1019 1019
Mo Pac 5s F 77 16 99*4 999 999
' Mo Pac 5s G7B 27 99*. 999 999
1 Mo Pac 59s 49 cvt. 17 1089 107'- 1079
Mob AO 49s 77... 6 969 969 969
1 Mont Trm ref 5s 41 1 959 959 959
Nassau El 4s 51... 1 50% 50',a 50%
Nat Ry Mex 4s 77.. 2 7% 7% 7%
Nat Ry Mex 4%5... 18% B}* 8%
N O Tex &M 5s A. . 3 97#* 96 97%
N O Tex &Mssß. .13 98% ( 97% 97%
NYT&MS%s 3 102*4/ 102*« 102*4
N Y Cen gen 3 % s.. 6 80*£ 80 80
N Y Cen deb 4s 8 971* 971* 97%
NYCrf im4%5... 9 99% 99 99%
N Y Cen rs 5s 15 105*4 105% 1051*
N Y Cent deb 65... 1 105! 105 105
NYC& St L deb 4s 2 98V* 98V* 98V*
NYC&StLS%sB 5 106% 105'* 105%
NYC&StL6sA.. 2 101% 101% 101'/*
NY NH&Hdeb 4s 57 10 78% 78% 78%
N Y NH&Hart 4%5. 17 93 92% 92%
NY NK&H cv db 6s. 6 12514 125 125
NY NH&Hart clt 6s 2 104% 104% 104%
N Y Ont W Ist 4s. . 1 61% 61% 61%
NYRy 6s 2 5 5 5
NYKy6s A65 3 65 65 65
N Y State Uy 4 %s. . 15 23% 23 23
NY Stateßy 6%s 62 4 23V* 23 2314
NYW&84%5.... 4 88 86% 86%
Nor & R gen 5s 64.. 5 59 58% 58%
Norfolk &W cn 4s. 5 92% 92 92
Nor Pao 3s 2027 4 64% 64% 64%
Nor Pac 4s 2 90% 90% 90%
Nor Ps*c rl 6s 10 l!2*« 112% 112%
Ore Wash Ist 45... 6 90V* 89% 9014
Penna 4% 563 7 98% 98% 98% [
Penna gen 55..... • ‘2 107% 106% 106%
Penn 5s 64 2 104 103*4 103*4 !
Penna 6%s 6 10914 109 109
Penna Gold 7s 14 100% 100% 100%!
PC C& StL 5s A... 1 106% 106% 106% !
Port El PL 6s 2 96% 96'* 96'*!
Port RLP 6s 47... 3 97% 97 97
Reading gen 4%s A 19 98% 98 98%
Retfding JC 4s 51. . 2 92% 92% 92'*
Rio GW Ist 4s 2 92 92 92
Rto G West cl 4s. .. 7 84% 84 84%
R I Ark &L 4% s. .. 16 96'/* 9614 9614
StL IM&S gn 6s 31. 11 100V4 100 100'/*
StL IM&S R&G 4s. 5 96 95% 95%;
StL &S F 4%s 78 r . 107 90*4 90% 90V* |
StL &SFpi 4s A '.J. 7 89 88'/* 89 |
St L & San Fr In ss. 22 101% 10114 101%
St L&SW con 4s 32. 12 98 97% 98
StLS Wss 52...'!. 2 97% 97% 97%
St LS W Ist 4s 5 85*4 85V* 85V*
St PUn Dep 65.... 6 105 104% 105
Seab AL ref 4s. .1.. 3 53% 53 53
Sesb A L 4ssta.... 10 66% 66% 66%
Seab ALadJ 6s 49.. 2 59 59 59
Seab AL con 6s 2 70 70 70 |
SB All Fla 6s «5 A. 1 62 62 62
SB All Fla 6s *5 8.. 3 62% 62*4 62%
Sou Pac clt 45.*... 9 90% 90'/, 9014
| Sou Pac ref 4s 4 91% 91% 91%
' Sou Pac 4% rets. .. 2 96 9514 96
Sou Pac 4% 569 ww 26 98% 98'/* 98%
Sou Ry gen 4<y. 8 89% 89% 89%
Sou Ry con 5s 2 107% 107% 107%
Sou Ry 6s 66 4 117 116% 116*
1
What Fixes
Bond Prices
i
BY GEORGE T. HUGHES.
Income Bonds.
One more illustration will serve to
close the discussion of the advantages
and disadvantages of income or ad
justment bonds, so called. For this
purpose we may take the 5 per cent
adjustment issue of the new St. Paul
Railroad Co. These bonds were issued
under the reorganization in 1925 and
distributed to depositors of securities
of the old company, the property of !
which was sold at foreclosure. As is
always the case with a bond of this
type, interest is payable only when
earned, but the full amount is now be
ing distributed, and the outlook is that |
it will continue to be distributed.
Beginning January 1, 1930. interest
on these bonds is cumulative; that is
to say, if lt is not earned and paid in
any one year the unpaid amount must
be paid in the first subsequent year
when income is adequate. In that re
spect a cumulative adjustment bond is
similar to a cumulative preferred stock.
In rating the St. Paul adjustments
the first point is, of course, the earn
ings. The bond ..is mortgaged secured,
but the maturity date, January 1. 2000.
is so far distant as to be of no practical
importance. If the St. Paul continues
to eabn a margin over its fixed charges
and over the requirements of the ad
justment bonds the investor can have
confidence. His assurance will be in
creased if and when dividends are in
augurated on the preferred stock, which
is junior to the adjustment bonds.
Probably that development is some time
away, but meanwhile the market price
of the preferred stock is a measure of
the progress the road is making—not
an exact one nor always to be im
plicitly relied upon, but helpful never
the less.
Comparison of Return.
It will be years before St. Paul ad
justments attain the status of Atchison
adjustments, if they ever do so, but for
taking the risk, whatever it is, the
buyer at present prices is compensated
by an income return nearly 2% per
cent above that to be had on the Atchi
son issue.
RECEIVERSHIP ASKED.
BALTIMORE. January 6 (Special).—
A bill of complaint has been filed in the
Circuit Court by S. Clayton Baker ask
ing that a receiver be appointed for the
assets of the DeLion Tire & Rubber
Corporation, which is owned and con
trolled by Washington capitalists.
The complainant claims that he is a
creditor of the defendant in the sum of
SBIO, and alleges that it is unable to
pay its debts in the usual course of
business.
Judge Duke Bond signed an order re
quiring the defendant to show cause by
January 15 why a receiver should not
‘be appointed.
j. .... 1 —. —- _
Sales. High. Low. 3:15.
Sou Ry 69s 2 123 1229 123
Tex Ark FS 59s 50. 2 1049 1049 1049
Texas A Pacific Ist. 5 107 107 107
Tex A Pac 5s B 1977 3 101 100*4 101
Tex A P:ic 5sC 79.. 11 100-** 1009 100**
Third A. e ref 4s 60. 1 469 469 469
Tol Tr LAP 59s 30 . 3 1009 1009 1009
Union Pac Ist 45... 9 949 94 94V.
Union Pac 4s 68 2 89 89 89
Un Pac Ist rs 4s 3 919 919 919
Union Pac 49s 67.. 5 97*4 979 979
UtStrADel 5s 28 sta 1 84 84 84
Virginia Rv Ist 55.. 2 1049 104 104
Vy Ry A P 5s 1 1009 1009 1009
Va Southwn con ss. 1 85 85 85
Wbash 49s 78 rets 14 939 919 939
Wabash Ist 5s 2 1019 1019 1019
Wbash 5s 76 B 6 99*. 99*. 99*.
West Maryland 4s. 1 809 809 809
West Md 59s 77... 3 96 96 96
NVest Pacific 5s 2 989 98 989
West Shore 4s 61... 7 88 88 88
Wls Cent gn 4s 49. ■ 1 809 809 809
6y 2 % N ° TEs
Secured by
First Mortgages
Safe —C onservative
i
Make your aavinga 41 Vm!**;*
and surplus funds
Experience
est rate consistent j" JJ ****** , c _* *l*
with absolute sale ot these se
safety. curitles.
I I
Wm. H. Saunders Co., Inc.
> REALTORS.
I i
i Dist. 1016 1433 K
, immMmi
First Mortgage
Loans
for 3, 5 and 10 year
periods on houses,
apartments and busi- I
ness property
in Washington, nearby
Maryland and Virginia
Randall H. Hagner &
Company, Inc.
1321 Conn. Ave. N.W.
Decatur 3600
Mortgage Loan Correspondent
New York Life Insurance Co.
nnn \V
MORTGAGENpi
NOTE
*
And experience the satisfac*
tion that goes with knowing
your money is absolutely
safe and earning a profitable
interest return.
Safe 6% Profitable
Shannon & luchs]
1435 K S*. N.t. 2345
MARYLAND TOBACCO PRICES.
BALTIMORE, January 6 (Special).—
The Maryland leaf tobacco market will
reopen this week after being closed
since December 23, there having been
no receipts or deliveries since that date.
According to a report issued today there
are 7,412 hogsheads of Maryland leaf
in State tobacco warehouses and 235
hogsheads of ground leaves. The mar
ket in the meanwhile continues nomi
nal at the following quotations per 100
pounds: Inferior, 7.00al2.00; sound
common. 13.00a20.00; good common,
21.00a30.00 ; medium. 31.00a40.00; good to
The Silver Lining
. ’
The adjustment of the stock market
contains a “Silver Lining”—the huge
credit resources of the Nation, ab
sorbed in the financing of speculative
securities, are turning back to normal
channels of industry. Building con
struction projects, needed in progres
sive American cities, like Washing
ton, which were delayed in 1929, are
being completed now with the nor
malization of credit.
Above all, the American people have
learned a lesson —to get to work —
and to place their savings in secur
ities such as the safe and profitable
First Mortgage Notes, always worth
100 cents for the dollar invested.
For more than sixty years Swartzell,
Rheem & Hensey Company, the old
est Mortgage Banking House in
Washington, has brought security
and assured incomes to its investing
clientele, through war and panic,
through prosperity and depression.
That is why thousands of investors
have chosen the First Mortgage
Notes we offer, in denominations
from SIOO and upwards as the safest
place for their savings to earn an
assured 6 per cent return.
Swartzell,
Rheem & Hensey Co.
MORTGAGE BANKERS
If V IXI 13 STREET N.W. /
*0 ' WASHINGTON 0.0 / C*
J s.
TRUSTEES
WINTHROP W. ALDRICH
President
ELLIOTT AVERETT
■SSasm-.;- T"? EQUITABLE
. TRUST COMPANY
Treasurer, American Telephone toe
Telegraph Company OF NEW YORK I
HENRY S. BOWERS
•I Goldman, Sacha * Ct>
Vica-Prcaident a merger of The Equitable Trust Company of
Walter s. carpenter, jr. * New Yorx and The Seaboard National Bank
Vice-President, E. I. duPont
daNcmoura * Company
HAROLD BENJAMIN CLARK
j s coffin * d * c °’ Condition at Close of Business, December 31, 1929
Chairman, Franklin Railway Supply ( including Foreign Offices)
HOWARD E. COLE
Vica-President, Standard OS - .
Company of New York ASSETS
DELOS W. COOKE
».» Cash on Hand and in Banks ..11$ 98,420,999.55
HENRY E. COOPER
vi« Pr«»idene Exchanges for Clearing House • • • . 148,532,580.69
Preaident, National Lead Company Due from Foreign Banks 9,332,291.89
FREDERIC R. COUDERT Bonds and Mortgages • 6,753,810.00
of Coudert Brothers, Lawyers f # #
clarkson cowl Public Securities •*••••••« 38,076,160.20
of Jamee A. Hearn & Son, Inc. Other Stocks and Bonds 39,504,383.91
of Cravath, deGersdorff, Swain* Demand Loans 183,755,792.37
.r;™;. u>an, 179,632,929.08
John D. Rockefeller Bills Discounted 190,084,750.82
Lawyer M DLBhVOISE Customers’ Liability on Acceptances
franklin d’olier i (Less Anticipations) • • J 99,011,346.22
Vice-President. Prudential Inauranc* ' « . _ o -,/> t £ i «_
Company of America Real Estate 15,330,164^39
CH N*S'Sk G DV ,OIS Accrued Interest Receivabl 3,726,552.87
CHARLES A. FULLS Other Assets • 1,809,036.85
Merchant 111
BENNETT L. GILL $1,013,970,798.84
Terrell, Texas
T -M- GIRDLER . LIABILITIES
Otis Ol Company
' A f^,. < SL? s Capital . i $ 50,000,000.00
edward h. r. green Surplus End Undivided Profits ... 63,611,004.53
Reserve for Contingencies 2,835,132.30
A. H. GRISWOLD __
Vice-President, Telephone Reserve for Taxes, Interest, etc. . . . 4,056,936.13
charles hayden Deposits ..... $625,427,575.80
of Hayden, stone* Co. Officers* Checks . . 139,917,125.62 765.344.701.42
OTTO H. KAHN _ . _ — c ,1 —, ’
of Kuhn, Lo*b * co. Acceptances (Less in Portfolio) • • . . 102,316,061.14
i Chairman, Whitney * Kemmerer, Inc, Notes Payable * . . 22,159,625.00
j ARTHUR W. I.OASBY Due to Foreign Offices 32,704.27
Ei“'r;,N Other Liability 3,614,633.85
machold f $1,013,970,798.84
Vice-President, F. L. Carlisle * Co., Inc.
JOHN C. MARTIN
of Curtis-Martin Newspapers, Inc. 9 /A '
CHAS. G. MEYER . jQ
of The Cord Meyer Company jS SI *
ALBERT G. MILBANK
of Marten * Nichols, Lawyer* 7 TTp ,
GEORGE K. MORROW • a
Chairman, Gold Dual Corporation 1 1
GEORGE WELWOOD MURRAY <1 1 Cx A.
of Murray, Aldrich & Wabb. Lawy.rs 11 DrOtlU OtfCCt
LYMAN RHOADES
Vice-President .
‘ S stern 115 Broadway 40 Worth Street 79 Madison Avenue
c c Thompson 41 West 34th Street 355 Madison Avenue 1040 Madison Avenue
royTtomlinson 368 East 149th Street 301 East For dham Road
Chairman, National Biacuit Company
GEORGE P. WHALEY _ _ _
President, Vacuum Oil Company foreign UjlCfl
"ES&EESU. Company LONDOW: 10 Moorgate, E.C 2 . . Buth House, Aldwyck, W.C. 2
CHARLES A. WIMPFHEIMER PARIS: 41 Rue Cambon (11 Boulevard de la Madeleine)
President, A. Wimpfhaimar * Bro„ Inc. MEXICO CITY: Calle Condesa No. S
HENRY ROGERS WINTHROP
of Winthrop, Mitchell * Co.
* . 7
fine red; 41.00&51.00; fancy, 51.50a52.00;
seconds, common to good common, 7 20;
medium, 21.00a30.00; good to fine. 31.00
a40.00; upper country burley, nominal;
ground leaves, 6.00a24.00.
PARIS BOURSE PRICES.
PARIS, January 6 (/P).—Prices were
firm on the Bourse today. Three per
cent rentes, 84 francs 70 centimes. Five
per cent loan, 107 francs 80 centimes.
Exchange on London, 123 francs 91'i
centimes. The dollar was quoted at 25
francs 42*4 centimes.
FINANCIAL.
Columbia Building Association
Pays 5%
20 Years’ Successful Business Without the Loss of a Dime
$1 or More Will Start Your Thrift Account
See Us When You Want a Real Estate Loan
(Under Government Supervision)
N’VS
716 11th St. N.W.
S H 3ri
jtilhif
'' 1 -- ■ . I—ii. I = -
' '■•'•■’l
For Greater Satisfaction
THOUSANDS of Home Buy
ers have been satisfied with
the Real Estate Loan Plan of the
Metropolitan Life Insurance
.Company.
You will, too!
Long Term—Low Interest Rates
Consult
wmm
. 809 15th St. N.W. District 9486
Mortgage Loan Correspondent
Metropolitan Life Insurance Company
«

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

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Evening star. [volume], January 06, 1930, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972