Evening Star Newspaper, January 25, 1925, Page 35

FINANCIAL. THE SUNDAY STAR, WASHINGTON, D. (.. JANUARY 925, 1995_PART 1. FINANCIAL, 35 SEASONED BONIS | BOND SUMMARY FOR THE WEEK | Resources of Nation’s Banks _ |FGHE] STEEL | [ovr meomera| | e pwee BOND U Resources of Nation’s Banks YOUR INCOME TAX High low. High. Low. U.S. BONDS. High. Low. 1‘0‘1:7‘:'::0 Amount to $57,14‘4‘,6909000 e A e i 10190 a9.3 % G States Internal Revenue Bureau FlRM BURING WEEK“ i s T o 183 IN FAlR DEMAND e i ™ | 9910 9624 in Legislati | 2018 5 Liberty 1st 4% s 1932-47 101-19 10123 4 1 97-25 -] - -15 3 89 . . . . 9920 g6-a7 T 16 41 | Over 29,000 Institutions Now in Business, ARTICLE NO. 14. Apartment Houses Business Property Residence Property Hotels, Ete. Higbie & Richardson, ‘Inc. 816 15th St. N.W. Liberty 2d 4348 1927-42.. 100-31 100-26 100-29 394 Liberty 3d 4% 51928, ... Liberty 4th 41 1933- 10006 95-1 Treasury 414 1947-52... 104-30 104-28 104 27 393 D e T S : - bt First Mortgage Loan Compari ~—1923 —1924.—— i il i 2 el e parisons Reveal Steady| fom— —m— P T e ik, taw. Tast Move to Protect Investors Grows. Mills Rushed Filling Present |, revenue act of 1024 provides lAwhuuom Wanted . , Gai 7 ¥ 1 103% 100 e > % o nterest Rate 6% an alNS—| 1 - 103% 100% Argentine 7s 1927. 102% 102 g . : may be deducted from gross income (2 S—Fine Showing by | st " (8 '82 At i Local Securities Prices. it Tl e e &% : um 2 110% : . . wear and tear of property A Reserve Bank. 103% 91 109 97 Belgium 8a 1841.. .. 108 107% mains Upward used in frade or business, including o P | 8% 69 91 71% Bordeaux 6x1934 2% 5 ' i reasonable allowance for obsoles- ||| CHAS. D. BAGER 3 EUE e tns 99" 9% 091 91 Brazil 851541 7% 5 BY CHAS. P. SHAEFFER. ties. Sellers of securities are per- sence.” For convenience this allow- Realtor Main 37 e R N varas | #9% 97 1041 99% Canada 5s 1952, 102% 102% Nationa bante Pail : o |Mitted to call attention to the fact RS ae ance is usually referred to as “depre- 924 14th St. N.W. 38 PR | 10213 100 104% 100% Canada 5%s 192 1084 103% | par cont of the banking mesith of the | NAL they have reccived official ap- Press. clation.” The deduction is confined |~ o oo oo oo e % AaE | 1037 100% 104% 102% Chile 8s 1826. 103% 102% | United States, its “n"m“r““fl "‘h proval. This notice must be accom- W YORK, January 24.—The de-|to property actually used in a busi- ¢ ’ N YORK, Januars 24.—The in- | 105% 108 panied by a statement to the effect|mand for finished steel is fair, al-|ness, trade, profession or vocation. 09 | 109% 102" Chile 82 1041 Money to Loan on Chile 85 1946 108 1074 sular possessions State (commercial) banks hold approximately 25 per cent vestm that the commission does not recom- | though business has not assumed any | In general it applies to capital assets, nt market at the end of the week | Tos% 10T is in a thoroughly healthy condition. For | 52% Chinese Govt Ry 5 1951 3% 45% | of the mend the purchase of the security. pronounced activity. Production, [ the cost of which cannot be deduct- } o T3 of e o, and it comparles e | 0wt R T the et ot thir| Foxover nan Bern Truner Solireed | st a7 s expenee “¥or cumple’ 3|} Real Estate hes not ben excassiv, and there la vo | Gcahontnyakin B8 1951 100 goa, | Gount Tor I8 per cont. ihe remainder 18 | The investor reads that a security has| and mills are very busy oh old orders. |lawyer or physician is not permitted i Cobimsaiiy Denmark 6s 1342 102 201% | ioclc\saviligs baulkaamd, private benk. | Doeh ‘SPProved ‘and' he also. readafPrioss are very frm And show &n up-|to writs oft as & currest expents the it e LTS s Denmark 8s 1945, . . 1 0% g Samtations, T e o s, that It is not recommended. He|Ward tendency despite increased of-|cost of his professional library, but iga aye) all bl stean 4 Dutch East Indies 65 147 100 100% 100% | 6, Gune 30, 1924, data. for which | T6CORNIzes that a State bureau prob- fers from aborad and evidences of|may deduct an allowance for its de- 0 n erest &' BRIK itye) fhiers’ ke Dutch Bast Indies 651962 . 100% 101 100‘- test statietics are available, there were | 2P1Y has no business to recommend increasing foreign competition. Pig |preclation. H tent inquiry as to ad- Framerican Ind Dev 735 134 93 94% 941, | Intest siatiatics are avallable. there were | 17" geourity specifically, o he re-| IFon Is very firm at the recent ad-| Deductions are not allowed for de- |} sbiilly, ohy M i French Govt 73s 1941 100 100% T and Tt o ta) henourars | BaTds the latter notice as a per-|Vance. Furnaces are getting some |preciation of a taxpayer's home, the i No commissions. Moderate § materiaily. The buy. | : French Govt 82 1345. 0y Kok Sy pu e rosemiats B functory matter and gives more|B00d orders and outside offers are|furnishings therein, his personal ef- i b > ¢ S, Sie f St Nl ane: B 4 D osay 82w tonal banks. with: total resources of | OF. again, considering the careless- ecline: oreign market at-|clusively in the theatrical business, |} Let u fin. ¥ 2 g e :..‘v\‘xnk‘;vxl:”n’;»fl(‘l(:- JapaneEE RARES: . » Bl% 91% $22 T0060 15438 State (apmmer. | nexs with which many people act In | tributed partly to liquidation of spec- | however, may be the subject of a |{ 5 <xl~s i a i ual in rs have been picking Jersens Utd Margarine 631947, £0% 904 O T e commer. | buying stocks, the fact of approval| Ulative holders, combined with con- |depreciation allowance. e N no large supp'y for srans ‘!l’:t TS £6l4 $14.816,011,000: 613 mutual savings | May be taken as equivalent to in-|tinued slow demand for domestic con-| Depteciation in the value of mnd,!t SNt ! S Marseilles $s 1934 Sarity with 7 akie5e e et x| dorsement sumption were reflected by an easler | whether improved or unimproved, |# Quicl ction : hould be in for Norain T 20N fources; 390 stock sxvings banks, with More Serious @bjections. foaN 1n x‘lza Seobie mARier Deve ik |iSeiHiof e intien, | 4 te advante. s EloiEsr A total resources of $1,923,384,000; 1,664 | 4 S ce ~shading by secon No amount may be included for de- | ey erate advan Paris-Lyons-Med 6s 1958. ... 30 trust companies, with fotal resources of A still more serious objection to| hands and custom smelters unsettled | preciation representing reduction in | Columl| Building i Remains ¥ Quesnsland 65 1947, o $10,323.777,000, and 580 private bank- the regulatory type of legislation is| the market, but it appeared that the | value of property due to changes in | + e o catl ey $10.428.777,000, and 580 private bank’ | the tendency it has to obatruct legiti- | cheaper offerings were being ab- |environment—for . example, loss in | Association ¢ vl St ] o] Rio de Janeiro 8s 1946. T mate offerings. Information required|sorbed in smail lots and the tone of |rental due to a change in the social | i . e Sao Paulo, State of, 88 1 ,943,000. is often quite detalled. In some in- | the market was steadier toward the|or business condition of the neigh- |} 716 11th Street N.W. 1 ement of the Federai Seine, Dept of, 7s... - - Great Wealth In New York. i iz statement is required aslend of the week owing to rallies in|borhood. Neither is any change in Under Government Supervisio: H akes a strong showing. | §°rl!=(f°‘P!SIo\enes 851962, Wors than. per cent of the wealth [ Fecently a.lm df.l.»: n;lor to lunrllvl-- London and the further advance In|the amount or rate of depreciation al- | % 3 hd acceptance purchases | weden 6s 1939 b is concentrated in New York State, tion. Coupled with the particularity| sterling exchange. lowabls on account of an increase or 3 ek Cantat walag Tpdal < ¢ | 116 106% 1 4 106% United Kingdom §%s 1929, . . 1 104% 994 107 98% United Kingdom 5% s 1937. . where total bank resources amounted to | $15,125.436,000. Its nearest competitor is Pennsylvania, which has total re- 6.654.000, which, in ket are both lower, wh » is high The f: ds have b in the open m the re that | required is the lapse of time between | Tin was temporarily affected by|d r e t £ emporarily cte v | decrease the market value of prop- | applica h‘rlr; ;«ml |'f"'.gr”1'..|” ‘”"Fr:?: the sharp slump in lead, but consum- | erty. Fluctuation in the value of de- | slon £o sell by the commisslon. ~This | era were Kood buyers on recéssions [preciable property has no bearing | time element is of far more Im-|being encouraged by the falling off [upon the rate or amount allowable | f | sources of B e AN INDUSTRIAL AND MISCELLANEOUS. o e Hiinols with $4.048. | Portance to & legitimate house than|In Straits shipments and firmness in | for depreciation - d to other invest- | 104% 82 Amer Agri Chemical 7348 1941 s e e oy s list with | to & “y-by-night’ _organization.|sterling exchange, and prices showed | Intangibles. the use of which in | nt securities of established rating, | 92% 92 Amer Smelt & Ref 15t bs 1947. ... R $10.723,000, immediately preceded | The latter has comparatively littie| slight net gains. trade or business is definitely limited such as the high-grade preferred stocks. | 104 964 Amer Sugar Refining 6s 1937.... Nevada with $¢ 3.000, and by | capitali the former has good-sized Lead was cut half a cent, owing|in duration, may be the subject of & | “Many authorities rt_that the bond | z_‘w Am“?‘:"&Te\er"l:Zl New Mexico with $41,629,000 ‘u]un(’l;r' nTu }:;ond\]rzq u;»[r’.v I:"l‘?;:"‘:fi -;- more available supplies fpr prompt | depreciation allowance. Examples [ )l First and second trust real market is now at the and | 393 97% Amer Tel & Tel cl tr 58 1946. 1t is interesting to note that the bank- [ sccurities it nd 7 < shipment and the possibility of im-|are patents, copyrights, licenzes and that any change ower | 98% 9414 Anaconda Copper 651953 ing wealth of the Philippines aggregates | delay by impeding the turnover of | portation of Mexican metal franchises. estate notes secured on in- Jevels, but to sub- | 104% 94% Anaconda Copper cv deb 7s '38 $142.850,000, the Territory of Hawali, | its capital may increase the cost of| Zinc declined ax the result of a 5 £ 5 % stantiate th e ouras or | 893 83% Armour & Co 41381939, ... B, e T ot bvs o0, | doine businasx (o such an extent as | less active demand, but toward the| The next article in this series will come-producing real estate prices this week | 99% 967 Atlantic Refining deb 53 193 Tne State of Iilinols contains the | to make operation relatively unprofit- | clase of the week diaplayed a steadier |appear in tomorrow’s Star. in Washington, D. C While the advance in speculative gg: g;‘u :ex(lr.’-fe’:(hq) relr h”s"un greatest number of banking institutions, | able. Henual the ‘nno:xnly Ty l‘:e‘ tone 1;\ .ydmpuny with o Dettey feél- 2 4 £ g b stocks may be taken to foreshadow In- | 93 % Bethlehem Steel p m 58 < FTa06. followed by Towa, with 1,692, and | found of a law dcsl&ned to keep out|ing abroad. . Creased business activity which would | 100% 93 Bethlehem Steel s £ 65 1943 e witm 1630, "The Phillp- | the rascals having the effect also of | Antimony was easier despite small BUTTER IS HIGHER. Construction Loans Made create new demands upon the banks, | 99% 924 Central Leather bs 1925 e hae fowast, 11, while Alaska and | keeping out some offerings of un-|offers for quick dellvery, owing to| CHICAGO, January 24.—Butter— at a Reasonable Rate and so influence the money market, no 103% 99 Chile Copper 6s 1932... Porto Rico each has 17. Hawail has | questionable merit. evidences of increased productfon in|Higher; creamery extras, 37; stand- such expansion 4s yet has appeared. [ 90 8 Cons Coal (Md) 18 ref 55 1950. O e tates, has fewest | “A.third question addressed to the | Mexico and Follvia inepired by the |ards, 37%; extra firsts, 36a36%; firsts, ” b e stoc market is a lon ke 'uba Cane Sug cv deb 8s v 5 cacy o he regulatory blue-sky nese situation 1%a35y 2 y Probably the stock 1 g | 97% 874 Cuba Cane S deb 8s 1930 with 34, Rhode Island has 45 and the | efcacy of t gul blue-sky | Cht 34%4a35%; seconds, 32a33%. Real Estate way ahead of business, as is generally ‘}g;,‘: 108 DNl eDalhen "'fi:‘&‘;i - District of Columbia 46 legislation -is whether any really A TR R Eggs—Unchanged; receipts, 3,153 Y u Pon' e Nem T%s . i v o obtained 5 3 5 s he banking hot , furniture and fix- | effective results can be obtain o Hagc i | o4y 89 Emplre Fuel & Gas 71481937 [ The banking houses, furniture andl 42 | o8Nt a Federal enactment of the| WEEKLY BANK REPORT. s.. ||l Mortgage & Guar- e ias betn o libie S S S [ countrs at"a ftotal value of $1.265- |sort. While advertising within the| NEW YORK, January 24.—The ac- . = I R e to nh iy ! ) 166: ngd;:nnre)s:";';a;m' 831,000 State may be barre bz lng'--n:;m‘;:: tual condition of clearing house banks Other Financial News on Page 33 anty Corporatlon L < ble. 1t is only by com- |117% 114% Goodyear Tire 8s 1941. .. Nation's Banking Resources. r»mam' und‘::”h;"::t "\'(\r e -\_MHr:;‘l:yw:f;l:l‘x("wm(pnmri for the week prices over a period of several | 99 $6% Humble Oil & Ref 53%s 1932 | Tre following table Is dated June 30. :":"‘;‘{:f e iorth "ham: offcE 34D, Dhis i < % In veserve of $41.61 26 Jackson Place N.-W. realizes how u-wml- 1017% 9974 Indiana Steel 5s1852... last e aver of a 2-cent stamp i=|compared LAl Sy .k.v $25,648,950 creeping upward. | 90% 791 Inter Mer Marine 6s 1941.. Resources No. of O feids {1 mesch of thif wae g 5 domestic, not to for-| 88% 8§23 Inter Paper 6s B 1947. . S banks \flfu"‘”; “{'"' et atittes i — . s GERMA BONDS Resources Over $2,000.000 « & home issunes| 5 <\ y-S) Maine plue-sky enfore I POy nds v the'e hom res | 110 86% Kelly-Springfield 851931 New Hampshire mibject only fo such action as the| Reserve Officers Commissioned. STOCKS the average now is not only at the| 9215 88 Lackawanna Steel 5s 1950 FAEBIGE errid o | Federal authorities may take against| g s | L.E.BREUNI 1 B re o iar yeax: thi date. Tbut liosy b et AR Yermont oaos - | Foderal authorities may take 4Kaint| Commissions in the Officers’ Reserve K INGER, President hisher than at any time in the past|102 97% Manati Sugar s f 73s 194 Rbode Island ... [t e I Tevealed ] CoTPs of the Army bavel been izsued Bought—Sold—Quoted x The forsign bonds do not| 91% Midvale Steel 551936 Connectieut | nature of his operations is revealed” | by the War Department to William o b0 & showing. Still | 100 New England Tel 58 1982 The District of Columbla has 50 |F. Doyle, 2820 Twenty-seventh street Full New York and thé a I mow at the highest|112 New York Edison 18t 6%s 1941 blue sky legielation. There Ras BiX0|as a captain in the Quartermaster Market Received Daily for the month and not greatly below | 100 NYGasELHG& P ba1348. are L B L i L L L TR 1 the high poi =t November. New York Tel 4345 1939 - 2 to Huve: enActod P i eenth stre as a second lieutenant S 2 o '\,.,m,'hlff.\;f.[“a_ made .ngxgg‘“ New York 1-:: 5:'1'"‘_:_ Diatrict of Columbia | combat the evil of the traudulent|of Cavalry: to David L. Leichtman, “Tdblw‘;”"ml I April, 1 and has not since been| 96 North American Edlison 6s 1952.. 98% Y8 8 S8 | stock promoter, but without success. | office of the attendimg veterinarian, | Market Letter It e Foreign bonds dealt in in| 93% Pacific Gas & Elec 5s 1942, £ p 94n The Better Business eau, under|this city, as a second licutenant of » | 1< market sheing nearly all Govern- | 924 Pacific Tel & Tel 53 1952. Ssg | Howard M. Cool hr-\«‘n\"myll‘\\lmznh”"l: Cavalry, and to Samuel Donelson, jr. Peter Wh't e oF Putegrity Jligations, they responded to|101% 9%, Philadeiphia Co ref 6s 1944 Florida i | so thorough =nd(dr;l"'"m' N eaisis (x Church street, as a second licu- 1ney I . D T iy ith g to IO 290K Sinclair Ofl 7s 1987 : lehaian 362 | work that the ne Rash enant of Infantry. 203 Investment Bld, i 98% 94 100% 97 Sinclair Crude Oil Missinwippi | tion appears no longer glaring nves g. i 1 change: v rates or industri Telephone Franklin 3978 We Offer 75 Frrsi - Unlinted Securities Prices. the agitat over the|102% 98% 105 100% South Porto Rico Sug: French war debt to the United States| 99 95 98% 93 Union Bag & Paper 6s D The tollowing. Iatest “bid” and | Government has had a depressing ef- | B9W 83% 87% 78% USRubber 1st & ref bs 1947. | “asked" prices for unlisted securities Mortgage Notes of a i fert umon forelgn bonds. Certainly if |109% 102% 106% 99 U S Rubber 73451930, 5 | ke o for the guldance of hold- 'gag 1 !, Distinctsve Character 1t e except the French issues, the for- | 1043 100 105% 1024 U S Steel s f 55 1963. wien bond market this week has dis-| 92 85% 94 57 Utah Power & Light 53 1944, mlaved a better tone than in some| 98 75 85% G52 Va-Carolina Chemsf7s1947. time. Selected issues have even been| 98% B4% 73% 27 Va-CarolinaChem 1 trong. including some of the north-[111% 106 = 113 107% Western Union Tel 6%s 1936 n European bonds and cartain South |102 93K 99 79% Wilson & Co 1at 65 1941... o Cobligations. As the price|105 96 100 46% Wilson & Cocv 7343 1931. Jevel for domestic bonds rises there| - is sure to be a turning toward these | h-vielding foreign descriptions, L108 } ese issues. 1308 | ers of these issu v | BONDS Tadsasa 01 a1% 9214 Sim 2% |liiinois. L 7% 84 76 83 |Men s'37war.. 4T% 48% 45 48N | Wieconsin J111% 101% 111% 111% | fowa o . 93% 93 984 | Missour! rin Dakora th Dako Asked. Army and Nary Club 5 — % e 5 Coumon Club 3o . These may be pur Commercial Club 18t 3 | Metropolitan Club 44x STOC DeV——— ULOANS { FROM $50 7O $100 Can Be Obtained by Using Our Certificate of inventory, Appralsal and Title. CHATTEL TITLE COMPANY chased on our partial payment plan in denomi- mnations of $50.00 and up. nk ; £ ust & Mortgaxe ks 7« pld 2 | Anacostia W | Banking T Chapin RAILROAD, Atehison gen 48 1995... ..... Atlantic Coast Line 18 s 1352 First Where the return seems out of pro- . ! ortion to the risk. A= for the Balto & Ohio gold 4s.1843 N Mexice . 1 French situation, no one can predict Balto & Ohlo ov 4%s 1933 Obtahoma - eivtian Heuricn: Brewers Mortgage Notes | 25 Fifth St. N.W. il Oud FrudDont Balto & Ohio ret b5 1995 Washington rhte Tatarasce Co 7 Bt | 1S 1 st Dept. the solution, but holdérs of French honds are not disposed to sacrifice them. and If, as must eventualy be the case, a satisfactory agreement is | Prankiin_National Bank Munsey Tru North € North Balto & Ohio 6s 1929 103 ° 10815 103 108 | (rifonais B&OPitta LE& W Va 4s 1041.. 84 56 o B & O Southwn div 3345 1925 ‘ i e 1, Mgr. ,? Chas. D. Sager 36 or Send for Booklet Brooklyn-Manhats f Gs A 1963... 85' 8744 w54 87% |Nera® reached, price appreciation in the| ] : 28 J i Arisen! Park . 1 + French group should be rapid. Eight | Canadian Northern 6%s 1946. : Pare Savines ‘ L e Cantra Pacine ga 148 it Toritory of Hawa S ks ; | they & buy now? Many fnvestors think Central Pacific 4s 1348 Torta Rico I e Lol e Tasarauit, 0. Realtor ~ M.37 ||! Send for Making | deal of risk mailed you with i Chesapcake & ORio cv 4%y Fhilippines Washington Base Ball Club | ¢ g ez Biggest Ralirond Problem. 4 Chesapeake & Ohio gn 4148 1992 s ©Tane 348 | Woodridge & Langdon Savings B 2 924 14th St. N.W. 38 ey Sy ao Tt Goldsmith Building Mention. vestor necds to know and use right now. AMERICAN SECURITIES SERVICE 832 E—15 William New York st continued acute in the re- funding plan for the almost $50.000, 1405-7 Eve StN.W, M 9670 000 of Chicago. Milwaukee and St Paul bonds which mature on June 1 next. Plans for carlng for this maturity have not yet been an- nd it represents the largest ad problem to be solved The total amount of rail- Chesapeake & Ohio cv 58 1946. Chicago & Alton 3% s 1950. 4 Chi B & Quincy 1st ref 5s 1971 Chi & Eastern Iil gen 5s 1951. Chi Great Western 4s 1969 Chi M & St Paul cv 4348 193, ChiM & St Paul gen 43%s 19 ChiM & St Paul ref 4%s 2014. Chi M & St Paul cv 55 2014.. nt o ora. . Safety Drive 15 \rl-r-‘ ot George O. Walson, president of the ‘he movement to protec - i National Bank, and Mrs. T s g T L R R W lous vendors of worthless securitief ;" mla, and other Southern re- Jou o Aimost 15 years old. Kansas| (o t0 : ! Wwas the pioneer State in passing leg- (X Telation known as “blue the statute_being put on its in FOREIGN EXCHANGE. : We Have Clients With Funds Immediately Available for LOANS —on First, Second and Third Deeds of turities of 1925 Is over $370, Chi & Northwestern 638 1936 jority of States 5 5 911, Now a great majority of & By the Associated Press. Trust, Certificates of Deposit, Ware- - 000,000, of which more than $215,- Chicago Rallways bs 1927, 5 Lo ; keep out the v o < ? o {| ‘house Receipts and Builders' Loans. 000,000 represents three systems, the Chi R 1 & Pacific ref 45 1934, et 05 Ak oW LAl S b caborelEM ] prompt attention to all i e al‘ge oans vauapnie Baltimore and Ohio, the New Haven | ©hi Unfon Station 4%s 1964 Cuherally speaking, this is accom- | SSCRAnECh B, ey C. H. Neely & Co. 1313 H St. N.W. Chi Union Station 63%s 1963. 2 Chi & Western Ind con 4s 1952 CCC & StLref 6s A 1929 and the St. Paul. Most of the B. & O. requirements have been arranged for, plished in one of two wavs. First | gpie.” 45534; 60-day bills on banks, there is no effort to establish regula-| zey ™ prapce, demand, 5.40: cables, | While the New Haven expects to ac- | 2 e Complish it refinancing by selling | Cleveland Term 5%s 1973 .. ... tory machinery. The provisons 5.401%. Italy, demand, 4.12; cables, | l—— - z Lo orurities ‘direct to New = England | Colorado & Southern 4 s 1935 criminal law regarding frawd ere| 32i Belgium, demand, 510 B Insurance Company ans anufacturers ap1 business me | Cuba R R s 195 made to apply specifically i cables, 5.11. Germany, demand, 23.80. ney t R manufacturers ap1 business men u 2 A it rity sales. Under laws e Nebwtaside . : detail to secul Holland, demand, 40.80. Norway, de-| o =" Sl T T Long Term Financing of this ty, inery s lacking to an £ this type, machigery 15.34. Sweden, 26.93. Denmark, 3507, St Aeed. of trust on rual Check the offering of fraudulent se- sflajuir i S e ey | v . curities, but the means s provided to e Todina 31| Jeneph L Wellee St Wk £ & =om Building Loans s, Jugosiavia, 1.63. - - - make punishment swift and sure in | S0 o toe Rumania, FIRST MORTGAGES the case of sales that overstép the tria, .0014% requirements of the acts. Secondly, :p';'h;u’f- e FOR SALE 0 6Y2% condition Jaid down which must & be ?“o"x’nplflledr"a\'nh Defore persons or | 38%- Montre: THE TYPE OF SECURITY CONS ERVATIVE ft rities for sale. = 2 bl K—T:chr::yn:‘o e:‘u:?::nblb by heavy| NEW YORK DAIRY PRICES. INVESTORS BUY IN DENOMINATIONS TO fines and by inability to enforce NEW TORR Tansary’ s Butter>] SUIT PURCHASERS smles contract in the courts. Buyers| NEW YOTIL (RTRIIY L e cream- o eacurities sold in defiance of reg- [Firmer: Fechiih Sl e asy; do. | ulations may bring action to rescind | i, Fioy_score), 37%a38; do, firsts 643 Louisiana Ave. N.W. Delaware & Hudson 5%s 1937 Den & Rlo Grande con 4s 1936. Den & Rio Grande 1st ref 5s 1955 Detroit United 4135 1932, Erle 15t con 451996, .... . Erie gen lien 45 1996. Values Near Week's Highest Lev-| 56 43% 8. (00 priCElie X Isss els in Saturday Trading. 0% 43 77 DI Cv s DINEE L T st Bona|105 102% 1074 102% Grand Trunk s f deb éa 1935. NEW YORK, January 24—Bond}; 5 3104 117% 110% Grand Trunk 7s1940....... prices held close to the weel's highest | 113, 150 1017 6% Great Northern gen 5igs 1952. levels in todas's abbreviated market [ 10080 JG510 110% 106% Great Northern gen 7s 1936.... session A 445 76% 88% B80% Hudson & Manhattan ref 58 1957. Intorest payments on the Chinese| &% g™ g9y 58% Hudson & Manhattan adj 5 1957 Hukuang Railway loan, which have( oo, 100 104 100% Illinols Central 5155 1934. . been deferred since December 15 last | 17208 Tog 80 58% Inter Rapid Transit 5s 1966. pending the receipt of funde from| gl gp 94 824 Inter Rapld Transit cv 7s 193 China, will be made next Monday. J.| fg 33 70% 404 Inter & Great Nor adJ 651952, - enct A 19 & 1% 67 Kansas City Southern 3 1950. of the bonds will ehare in the distri- | §3' g5 91 8 KansaaCity Southern bs 1950. Jutlon, but no funds were recelve 9 o Shore 45 1928, for the payment of the German cou-| 38 . 97" 524 Lake Shore 43131, pons. Chinese railway bonds strength- | 35" gqit 94% 88% Louls & Nash unifl enod during the week in anticipation | 82 101" 107 104% Louis & Nash lst ref 53%s 2003 O aing In corporation bonds today | 89 19 1o 100 I S Tiett e was featured by a spurt of two points | 0, g, “e3u 75% Mo Kan & Tex 1st 451990, ord high price, based on the roa % 8% T ex pr In 58 3 favorable earnings and dividend pros- | §3% (70 65 514 Missourl Pacific gen 45 1975.. ts. Gains of one to two poin 99 85 100 87% Missour! Pacific 63 1949. . BOND PRICES STEADY. Refil;ancing Interest 5%3% Weaver Bros., Realtors 735 15th St. N.W. Main 1821 i ure ses and to recover dam- ? ;né:.; FM::[‘!!( the laws include sec- ";;;0 ES:::‘;:Y ii‘_fll;':-:” iy tions_compelling the handlers to se- | CRF ol Vhuies, extras, snigact. I :::kxa\;?seh‘l:fep»:;;"lnws apply to| Cheese—Steady receipts, 39,064 offerings to the general public pounds. through a licensed dealer. Any pri- e ‘ Vate holder of securities may ofter| yogepg CUT 70 PER CENT. them for sale even by advertisement, Without belng subject to the laws. In| Rallway Age shows that payments nost States the wholesale vending of {made by the railways for loss and . Shcurities to bankers or dealers is not |damage of freight have declined from onservatlve segulated nor do the laws apply to new falmost $120,000,000 in 1820 to_ about ToEies offered to present stockholders. | $36,§00,000 in 1924 and cites this as ‘Blue-sky laws permit the regulat- | “One of the most conclusive evidences nvestors ing authorities to exact an undertak-| of the increase In efficlency of rail- ing that the stocks or bonds shall be |way operation which has occurred PERMANENCE wWera recorded by Wilson & Co. Tis, g6% 95% B9% New York Cent deb 43 1934 y con- |w years.” Virginia-Carolina 7s and 7%s and Z;: 92% 100% 95 New York Cent ref imp 5s 2013. sold at not more m.n’r:hn- m«;;r:‘):r within the last four years. P A e Duluth South Shore Copper Co.| 085 101% 1133 103% New York Central deb 63 1935 Sierae (a1 n‘;,"i"",o e aeanlied to POT co;T_(;;HlGHEB. consistent owners of Th ho buil + bonds worked lower. % 107° "65% 36 New Haven deb 4s 1957.. promoters m o > S . RAL SOVWIIELS- o e man w i state Public offering of the $10,000,000 | :1::: 52 87 59 i'x' NH&H cvdeb 651945, deposit :h:““‘l"“"‘sl‘a‘l":‘fu"‘b:’{‘:};‘ i onTaANS Teivaty e FIRSFT MORTGAGE lesi i et ds an estate bentures of the . 5% 63 39% N Y West & Boston 435s 1946. trust with the S oalat s i ho VOTE i " S S i B N o win e | 58% 558 o1 s Nortolk & Weatarn gon Ab3996. security for purchasers untll the | Spot cnllol!;‘:(;)'\‘x‘l:l,‘-:mpzt;;tsAh‘l:h;:‘ I\()il,s otnh mllprmfed rjal desires first that it shall be a price of I 105 %% orfolk & Western cv 6s 1929 earning power of the new s _spot, es: - estate as the best founda- S i b 6 Northedn Pacific 3s 1947. . been demonstrated. The power of frive, low middling, 21.90; mid- fioar ok secutity fat the N permanent—a source of ured 2% gov Northern Pacific 45 1957. e mination and control by the State | dling, 23.30; good middlin 80 re- y | Shd b hd AR nebiie for those ot Northern Pacific ref imp 8s 2047 anthorities continues after permission | ceipts, 6,485 bales: stock, 427,308. funds. | £ g ose to sell has been granted and the per- —ee for. whom he cares. it may he revoked at any time for | prown 10 CENTS HIGHER. This-is equally true of the Ore Short Line ref 4s 1929. New York Stock and| | '3 ‘% Ore Svk:'orl Line gtd 5s 1946 (] Ore-Wash 1st ref 4s 1961. .. cause. great insurance companies and ver a Pennsylvani 4145 196 oo MINNEAPOLIS, Minn, January i AL Bond Averages : Rkl L “optnions Diser on Mewns, |, MISKEAPEIS, I (o Shata o leading financial institutions. Gibres To such a man, Saturday, dnnuary 24, 100 06w 111 1074 Pennsylvania §3s 1336..... .. (“h::fio:lh::ega‘r!dIfigglrt::ld:a::brl“lui M e START RIGHT -by joining % \ 3 bt ° 21 1a & E of op : ¥ | bran, 30.00a31.00. Wheat—No. 1 North- “ L 3 : [ 30 TEe P e el e P O oting Investors, opinions dif- | DA 30, e e s atay, || the “exclusive ranks® of wise of a OUR FIRST MORTGAGES | 9% g2 95% €74 Reading gen 451997 § Ter:soiiewhit radically ax.to (i best " Corn—No. 3 vellow, 1.26a1.23. |3 investors who “play safe. es, 516,700 e 3% 60 Rlo Grande W, eIt 4 & means of accomplishing this purpose. = S s NG. 3 ; Sk 5 . s i z“‘"‘ o T % R?Arrl:"&iv:::e{fif‘“! st It- fs Tealfsed by those who are in Zoins Flax=No- LIl THESE NOTES—Are Ab- Ceninry make strong appeal, not only t A B . 92 StLIM 933 favor of blue-sky legislation that no = 2 i 3 - LR s o means can be devised to keep out all —_— solutely Safe. Without o by reason of their safety, but 0% 7 > g ities, but it is urged > ;g : h. : 1o , % 80% StL & San F' worthless securities, & 5 3 oranty el o < 0% St 813 SLL& San Fran sws B 100 that these laws are of Fenuine ben. Price ;Of Flour —Do Not Depreci- Loss. also because of thex; liberal in 102.40; net gain. .03 i - 86% 72 StL & San Franad) 6s1956. efit to the investor since they wee . ate. 6T havs High, 1925, 104.38; low, 101.58. :,‘}.": g;’: 817% 58% St L & San Fran inc 6s 1960 out at least the obvious swindles and Reaches nghest p . tere§t return: /z % payable She 0% 61k 4T% Seaboard Air Line ref 4s 1959, the corpprations . awhich . havé no —Yield Substantial semi-annually. 32% 77% 48% Seaboard Air Line adj 6s 194 Return. hance.to make good from the outseL. . This accomplishment must be granted Mark Since War BONDS. 45% 68 Seaboard Air Li; Total bond sales (par value). - S 92% Southern Pacific cv s 1929+ 8 PeRIRtory SRS Tt Saw, bt i arti S s o 213 BoRthern Eacils o oot s s questjon fs still left whether ‘this Partial Payments X Ten first-grade ralls averaged Feilin 85 Southern Pacific ref 4s 1955, . Varlety Is the mast’ desirable meant | Special Dispateh to The St no change e 69% Southern Ry gen 4s 1956. of attaining the purpose sought. BALTIMORE, Md,, January 24.— May Be Arranged .w-:('ulnd:\rj rails averaged 9814 92% 102 ’gfi: gaul:ern Ry 1st bs 1994. ... The Alexllfld" Hamilton Institute | An increase of 25 cents per barrel B SA L CO 2 Bosondh = 7 lithein Ry de 645 &4 after complete research work, find: a public utilities averagea | |192% '39 585 39% Third Ave aa; 55 i r it Lgg b ute I e S el T Lot L O e L Sl Bt Mortgage Investment Dept. . I . U . net gain, .04 | 94% 8% 94 88% Unlon Pacific 1st 4s 1947, subject to discussion, set forth as fol | Spring patent and Spring straight o 15 J T industrials averaged | | ggu, 94 100 9i% Union Pacific cv 451927, 2 lows: flour was announced here toddy. m Main 2100 925 15th St: N.W. g"/‘\' |“N ‘;.,,.‘ 8 e 98 90% lgz:-. :2; ;’rzhlnfiln Ry 1st 55 1862 “There is the ;mflulon. with th This latest advance makes the o 3 : i Combined average, 91.16; net | % 93% «\ 96% Wabash 1st 55 1939. ... . fegulgtory type of law, whether thi | price of Winter patent and § 15 Y | 1058, .02 | | 92% 56w 65% B8 Western Maryland 4s 1952 HETHEE 1 not lued Mte Eofalm ke Ay AT et 713 and 715 14th St. N.W. Combined average, month ago, a3k 78 93% 79% Western Pacific 6s 1946, security by the Kknowledge thai| barrel in cargo lots, the highest i P8 i s o 83% 1 Bi% 784 West Shore st 43 2361.. stocks and bonds offered him havc| price asked at any time since the MOt been approved by the State authori-| war,