Evening Star Newspaper, December 13, 1927, Page 15

"FINANCIAL. THF ZEVENING STAR, WASHINGTON, D. €., TUESDAY, DECEMBER 13, 197%. . PINANCIAL.” - CONVERTIBLE LIST | ovoee v BONDS sroo scawa] 190,000,000 GRAIN Former, Pge Boy wisiae ik couo o 1 NEW YORK, De he 13 Received by Private Wire Direct to The Star Office P ays Record Prlce; ) cember 1d valued at $7.500,000 with ‘ I n {drawn from the New York Federa Ry | FEMURE N B[]NI]S umreosiares © toomenne tEi | INOONE GRIN SEEN For Exchange Seas ot 5l vty SACRIFICE ; Sales Hizh Low Close Toledo Kdn 1st Ts : 1 'he National City ank Lib :”.!é‘ 20 10214 1029 10214 United Drug flls.u £ 7 By the Associated Press, was understood to be the consignee, | Libist4ls 110310 10310 10310 | US Rub 1strf5s NEW YORK, December 13 |but officials of that institution de- | . ¥ Lib3dsys 100 21 100 21 100 {USRub 7t48..... ! ot : Willlam J. Baroni, former stock |clined to discuss the transaction arge orner Busmess roperty Du Pont Buying Report, Lin+tn'sis 230 10 10331 1035 |USStenraf oa 3 109 ° 108% 108% | Farm Buying in Spring IS EX-| market page boy. vesterdny o | Comment alao was withheld at the | ¢ P B33 4347 325 10520 A2 15 103 { Utah Pow & Lt ; 2 101% 101% 101% | revealed as the purchaser of a |Federal Reserve Bank on the ground M Jand A 15th S¢. N.E . 3 ) 107 15 H 3 ok H B 4 8 1 . Fhchiyeiag aryland Avenue near th Ot. e /5 Sends U. S. Rubber Obli- -y 18 10720 10715 10719 | warner Sug 13 39.. 89% 9% 89% | pected to Be Heavy—Durum ! seat on the Stock xchange at the |that withdrawals ‘were essentially | Y o Doubsings ]\\-. ec 58. .. 1104 1035 record price of $310,000 private transactions . 40 115 519 | westinzhouse 5s.. 104% 104 1 : Baroni, who is about 35, bega —e - - , = gations Upward. FOREIGN. [ Witson & Co et 68 10 10114 100 Yield Larg>. | nis Wall Street carcer a3’ a uni- | GERMAN BONDS AND STOCKS. | HIS property consists of stores, offices and a vacant ches % )61 106 ormed page hoy 9 d ¢ Salen HiKb Low Glose | Tinchester & 748 "6 1064 ¢ formed page boy in 1907, and 10 piece of ground, and has a frontage of over 40 _— Argentine 8s Ju 6y 24 100" o oo | Younzsin SET 6a 105 105 | | years later joined the staff of | By Special Leased Wire to The Star | . BY CHARLES F. SPEARE. Argentine 6s o6y 6 100 %00 100 | RAILROAD BY J. C. ROYLE. Carlisle, Mellick & Co.. one of the NEW YORK, December 13 | feet on Maryland Ave. by an approximate depth of 4 ) t " odd-lot broker; e | { Argenti B o rokerage houses Bid. Asked 5 = G ; ¥ B e e s Argentine ga 4. 104, Moot 105 | Atchison adi 5. I i Scecia] BINILOR 1o e Bl as He will represent this firm, which S draw e 85 feet to a wide alley on another main street SEW Vi > - s ool g | Atehison gen 48 .. 91 Woous NEW YORK, December 13.—The | already controls more th 30 e 5.9 er » BO00/ 0008, . % NEW YORK, December 13.—The ex- | Austral Jhly UKL BN prantie C Ll 4s.. 12 954 95 ; Wit || chinise membisanings e CRCRR e L L It at present carries $17,000 First Mortgage, and cited and buoyant market industri = 48 9T% 7% 9TH}sciantioCL1st4s 5 98w bulk of the country’s crops now are ) Auntzisd 68 104% 1034 103% | Aoy Dan Tar 05 43 . 2lout of the hands of growers. The i 4, : may be delivered subject to the above for $7.000. al stock i s toda nced 195 SR R mpialties today influsnoed | i S L 95% | Al & Dan 20 4s 48, % 78 Jast of the pre-Winter grain shipments . (Quiote lolla A | part cash, balance monthly. ome of the industrial convertible | Belgium 6s 991 Sl a0 dold 4s . 19 95 8 98 | by water from the American he FRYMAN’S : g bon 2 s em were the | SolStum 8% 103t 10, B¥OcYaks.. 004 10014 100% | of the lakes eing ded lin 4% nre.war ds. Movements in them were the | go 5t %! 105 oo s las % 100% 1 f the lakes are being unloaded in s 1 - s ) s NETIEN ¢ Brle dsath Rece | Hamb 3e. 338 & ds bre:war . most important feature in an other- | Belgium 78 1936 . 42 1045 104 " 1ot ;.‘;:g:ufi”",n “;—l. :";Y the u] x,i”l:“m(x n:’: nn:‘l{unHNL ':"nlw INVESTME i | Bambuy ; 20°00 Ideal for Business S Soriams gession. By ee..o... S L1015 g 0natbunt.. . 201103 105 Ucts make It sure that the farmers e The bonds that enjoved most benefit { yorqog,s sy . ohn ool i 0 8102t 102% of the country will have approxi DY GEORGE T. HUGHES. | Dt from Stock movements were Liquid | Brazii 8s. .. 81w R&O viimoNs Ul it mately $720.000,000 more to show for | Mnich 48 nre-wa B Se an 1. Xavoer & by : B& OSW 5550, 107 106% 108 | thaiy ‘vear's labor than in 1926, 5% e (Quated n 6s and J. Kayser Brazil 7s. . .16 9N {iB&OPLEWY 48, 96 96t 9 E bosiots il aBlpmBHLS of lExetniat Passing of French Eights. whi anced 1, points t ) 107 5 ich advanced 13 poin Brazil 8s. .. oo 10 1070 074 | B ¢ O Toledo 43 ... 894 X9% Duluth and Superior from August 1 On March 15 next it is now ex States Rubber 5s with an advance of en. State 15 102 % : st et Lol about a point, Andes Copper 7 at new | Buenos Atres is 57 96, Bkivn Manhat )7% 964 98% | ¢ the last loading, which now is be- | T 1 that the French government|[ G B e 0 Brbokiyn i s gtiod i e Ok 0K saminie Ritde 1 98k 99 | i Gelivered, were the largest in the | Will redeem at 110 the entire outstand- | Bisconto Gelluhari. 15580 8 o on. P i b R at 4% o 0% ory of those ports, the former | iNs issue of its § per cent loan of 1920. | prewn B ; ¢ % Simms Petroleum 6s, Porto Rican To- | cee T W 102 10z | CanNatawsse.. 100 100% 100% | histor i p e Tk G et heee b ; s baceo 68, American Agriculture Ches ada 38 108 L0S% L0t | Can Nat 41gs 57 100% agsregating 138,369 shels, 88| ,.,,13ed by the sale to the Swedish D! er Bank.". . INC ical 714s and Loews Incorporated § 1021 1015 1021 | Canad North 648 T R R Match Co. of $75,000,000 -year | Morenr Bank v i | | 43, % 101% 101% 1011 | Canad North 7s. . p > the 1926 season, and the latt | Ratal of $75,000, ercur Bank Viei g ! 4 Du Pont Buying Reported. it aane > 10910 10014 1091, | Canad Pac deb ¢ Yo' 50 50% | 035 bushels. as compared with 41,778, | French 5 per cent bonds. I e 5 Realtor | 2 . | Thus will pass one of the few re P in 2 1435 K Street Main 2345 The strength in United States Rub- (Chinese Gov Ry 5 2 | Can Pac 4165 46.., T , - O e 1 & s 2. 2 g government bonds ber 58 was based on the report of a|Con Pow Japan 7s. { Cent of Ga & 2 i T » el . 5 considerable investment in the United { Copenhagen s ct.. ; b 1% | Central Pactfic 4s. 957n Shipments Were Lower. | 8 per cent coupons listed on the New | COPPER STOCKS UP. . .« 9ok tock Exchange. These bonds | s : EW YORK, December 13 (P).— States Rubber Co. by the du Pont in- | Cuba %4s.. I 1021 | Cent Pac 1st5s 90, 104% 10118 In 1924 receipts of all grains reached offered in September, 1920, at par they | Stocks of refined copper on November | hiprdents | DaY 1 a hectic career. Originally | old 10 points below that price three |39 amounted to 90,874 short tons, an 's later and the quotation fluctu- | ated widely from that time on, some- | M | times up ‘and sometimes down, vary- |31, the American Burcau of Metal ing with the outlook for French|Statistics reports ovember pro finance. Those who purchased the | at the offering price have had Development . it conditiorns of better | Gssoiio 4 %a rots s L 05t | Chesa Corp 5s wi.. 51 100 9% 1157.841.616 bushels, but credit and more stable carnings the | Czecho 8s 2 1081 L0, | Ches & Oov 4igs. 1001 1004 were far lower than this year. The United States Rubber 5 ought to sell | Czecho 8 .5 08 [N 10 & Alton3s.... 2 8% T3 hu volume of grains flowing in 3 to 5 points higher than their re-[Danish Munic ¥s A 1105 110s 110 « [ Ch1 B & Q gen 48 58 10 93 | three years ugo was augmented by cent average price. Their rating has | Damish Mumic 828 1 1104 (101 (105 |CH& Q448 778B, | . ormal s of vats and ry been affected by the wide swir S 71000 105 0ot | C B & Q-1lidiv 4s, 8y 98 |1 1ts receipts were only 5 from year to vear in net profits 5hs 5 1027 1046 103 Chi & y Is, as compared with of the company. The Tlas today went ] t 104°n 1047 104 _,‘vn“‘.\v ‘\\w i 2 | 414,697 I\u«]h{»l\ last _\.-inyr > II:\'.- re- dis.e - above. 105 tnlana 88 9bs 9 & Puget L8 ceipts in 1926 were 250,181, cent on thelr money ever sirce| 927 tons in October. Shipments were | . Pan-American Petroleum and Trans- | ¥inland is. ... ) 100% 10 Nty M&SUE 43 23 efs, i N Linst 19,668,952 this year. Klax re- s S el FOR short tons, of which 52,013 h F t , R e L SR e ¥ donswers st o S e mow il nave & hanisome srom | 1s211 short oot e 2203 | | The Fetish o points under the recent pri Local | ¥rench is 29 1057% 10a% Lot | SAESPCve tp s 2a 70'% | 000 bushels he onsequently the | ® B8 PERCPAS o deal of courage | MiNes n the United States in Novem: tractions, especially the Interborough . krencn 7iss. 16 115+ 1o 115 |[CM&StPrrates. 17 » 3 zain in wheat ran the dollar value of | *} 498 = “urm“a” the vicissitudes | Per_was 67,813 tons, vnst 68,959 | e 58, were affected by the statement | Kreuch §s. 5L U0 110 1101 | CMESP et dscr. 10 7 receipts high B¢ 1he Gake Eat'ls R vait ol Aa| In Oetoter, eM k b l $2] that this compaoy may be compelled | German i Bk, i u6n vi, win | CMEStPovisels 91 70 6 et O fmentlc Gurm | dollar bonds French 8s theoretically Tem el e | arretabi lty 10 v a large amount into the city's German s 1064 106 106 & s 03 wheat was the real feature of the ot a1 i Fhe treasury. | Hudson and Manhattan | Ger Am Bani 9 9un v ooy | Ch1& D <197 | vear in the Northwest at |fhould not have been influenced by| FOREIGN EXCHANGE. incomes and Brooklyn-Manhattan | Ger Gen Elec 7s 102 1oz | ChiNW dies 2037, Duluth totaled 803,000 but there was a sympathetis connec. | (Quotations furnished by W. B Hiobs & Co.) | BEe k85 were hisher Holland-Amer 6. A Chi & NW 6lps..... 5 Duluth dealers were especially pl o Ben it vaiiotiae ling checks | There were no important ch < | ltaly 7 i hid& NW 7s... 5 | over that development, since that city | propaby : et | vali Loday MONG the general run of b 2 v France could have refunded s 5 in the railroad list. Pressure against | Haly rub 1 Y $% I Rys 5s. S is one of the chief primary markets |thiq fssue at a lower rate before this. Ik % 3 | investors there is a well B e s | Jasanmata. . el 91 Ghi R s P rtas . 20 : o a A ppeavy export de | The gifficulty, however, was the objec: | b . footed belicf that “marketable” though were at one 1 Jupanese vigs o Ll M o mand has been worked Up in durum | ion of the State Department at Wash- | Beriy. mi.k L ! 5 1, lowe: apeake Cor-| Lyon s Mo sismd. lvd @ Yl Y in Italy, F ce and other European |incton to approving French financing | Bome ira e ¢ 0 bonds are much more desirable Briued . )t ITH&SESS . ¥ (T] Sunt » domestic o154 - 2 pu?(g,n . Rock Island 4% \l‘n;‘-lxl'“x A:e\.u« tasnta p it Wikdciea. & e s mm”;\‘ mnp |‘_m‘|'.\. 2 x:_mu 1| on this side while the debt repayment a than bonds which are not ac- ant o were a Mexico 48 10 asntd 2iin ! G Misy | & 054, o Wi 4 - onl and | ggreement w Ini B s was | : 2 ia 3 CaWIibungy . 20 1034 other speclal flours have begun (o | S memc iy Mounited States was tively traded in. Toa certain point this is sound. Beyond that; Erie consolid s touched %0. Union | Mexico 53 asnta 74 | Goba 8 ; ‘ Pacifie first a substantial €ain | Mijan 658 IO anubitdes U6 102% 1024 | reach large proportions and the out- |heen ‘overcome by the roundabout |b romn taant 3 4 however, it-is merely an expensive superstition. g " il look for continued expansion is re-|method France has now employed | zloty in contrast to the sl shness of the | Montevideo 7 {ClevT 64 rest of the first mor e list. United | Netherianas ¢ | Clev Term §s. 1093 garded as encouraging. Doliit o Ioerants & P e crown 3 ! Certainly a man with but small holdings does well to kee; &S lst .. 9% Prospects for a decidedly reduced : it Y i ; 2 2 ¢ | Guba ik . - can_investor is that he loses another | Stockholm. crown 377 them thoroughly liquid. Similarly, a large investor should trregular | durway oigs bl . world carry-over of cotton when the | medium for his funds affording a bet St % — lg . f‘?. ketabl ..ybo & . e Germans Sell Of. | Norway 68 1343... 5 ] 18 e i i SDOp Jsar ends July Sl 1428, BAXS fijer i 70 verfineR i rebinn: enoiaueh) S XOW TORIS December s fige-asndcieus;of - metketables Bornde to geoteck himec ' lined to| YOrWay 631304110 1025 1025 { Dey & Hud 5 4 a | |spurred both foreign and domestic are now very scarce. There is a |€S" ges Irregular: quotations against unforseen emergencies and to prepare himself for un- I Garman group was inclined Norway 68 1952... 3 102% 102% | Dan & itte ¢ 5 sales of cotton. Shipments abroad | French dollar bond which is not | (N ¢ W acE i, Geinand s TI: off a llmlle nn)uuullnl "{I a . Jrient Dev deb 6s. v Y3l 210G 4158 36 have been heavy, since many I'nl!u;n; able before maturity, and that xs"m‘l“"‘ ¢ s, 488 5 I\“' 'r“r:n bills - PP = sible second bearish note to the Ger-| luris-Ly.Mea bs. T e 210G 4158 6. 2 manufacturers who bouht thelr re. | seemch 75 st 1001 ipssc 10, that i lon banks, 484. France, deman & man government from the agent £en-| paris-Ly Med is.. ANl DR D mpse.. quirements carly and at favorable |at such o miah premiee ih: U”‘-"?‘:":'h' _ Italy, demand But, by and large, investors are pronc to carry too many eral for reparations. Poland new 75| paris Urieans s 2 100w 100n 1005 | B o eos e oy prices now are taking delivery. Much | yield is cut down to around 5.8 percables 5. e il o ‘marketable”” bonds. Many such bonds never emerge from the o rench < cline 1158 1936.... 6' 1054 | g R ; American borrowings the average, but buyers hesitate to|™Many alianil J400;s DN s i 2 fractionally. Peruss. . 104008 ‘108% 08N [k 1o cor B Y e ; | Many excellent judges feel that ihe |take premium bonds with new funds. | i . 26.98 e too much for a purely theoretical advantage. For it should A number of large new loans are ! ulano 6s 4 6 bl 30% %1% grig ove 6367 wi.. 46 . | tecent improvements reported in crop | Banks and financial institutions have | WK LAy always be remembered that the factor of quick marketability Imminent. The most immediate is one | oiana sy Pisin: ik el e condition in th cotton districts have | no such prejudice. S ¢ Eolung aal et By o Gecsiaden LictE of $60,000.000 in the form of 5 per | Porio Aleg 1051 405 | i it s b s been overemphasized and that higher | | choslov: : Jugo- R Y Eeset e cent debentures, under the auspices of | Prague igs. . 4% 1040 | Gt Nor 445 76 D. .. 4 5 » prices next Spring will be in prospect, bR R T < i the Phiiadelphia Co. and the Duquesne | Queensiana 7s TITHTE e e : ; However, that will mean little to the “KATY" i % raz Z Light Co. The proceeds will be used | Knineibe U (s. » 110k 1104 'g:ea: \3;:: ;:isw 50 2 planters, for in most cases they have TY” DIVIDEND. Jhpan.. S48, Shanghal, 6difs: Mon-| 10 retire 325,000,000 of prior lien bonds | iio de yan 5s 13546, S e . & sold most of their crop. Some few | NEW YORK, December 13 (#).—The | treal, 99.903 | and to redeem the outstanding Du-| Kiode Jan 8s 4i... 10074 o otast e a0 have been in a position to hold back Mwuugl-l;’n;ums»’rehxns declared a | R —— quesne Light 7 per cent preferred| 1o Gr Do Sul8s.. 100ty A a part of their production and some |dividend of $1 on the preferred “A.” ite = v b sl i B e oo That rearty | ttoms Siee. %% - Hud& Manrerse. 3 101 Cotton holding Ix being financed co. | pavable December 81 to atock of rec-| TREASURY CERTIFICATES. Write to us—or come to see us—for information all of the debentures have been sold. | Sav Pauio City 85.. 5 I11% 111 | " 18 924 93 operatively or with the aid of South- | ord December 10 adjust quar- (Reported by J & W. Seligman about our specialized service in bonds only Other large issues pending are 330, |30 Paulo 85 1936, 105 {UICent4s53...... 6 93w 9% jern bankers. | terly dividend dates to run from 000,000 Chi W Ind Sa0 Paulo 13950 48 66 J 1, 1928, f hich date - . icago & Western Indiana | S0 Puulo 1350.... w7 Ui Cen 4%,386... 5 D Junuary 1, 1928, from which da 3 g o Rafiroad bonds and a substantial of-| Saxon (PW) 18.... i 100 100 {1NC-C-StLjt4%s 3 B ; 5 Other Sources of Income. | dividends on the preferred “A" be- L 92 § L A_w‘ Iglehart & tn‘ fering by the Associated Gas & Elec- | Seine is 42. 5 3% 111-C-C SLL&NO 55 13 107 While the cry ome cumulativ N E tric and New England Power Com.|3¢rbsCrot Slo 8 3 Yi4 Y7n | Int Rapid Tran 6s. 16 g | ers are prac ! =z Ppanies. | Sweaensa.... 4 10358 Int Rap T'r 55 stpd panding their incomes by other means. > i Investment Bankers | Swiss o8 1948, 3% 1081 1035 | Int Rap Tran 6 l There will be about 10,000,000 Christ- - . .| Swiss Coutea 5. 112 Int Rap Tran 7s. .. mas trees cut this year, and while 719 FIFTEENTH ST,, WASHINGTON, D. C. GENERAL TIRE “EXTRA." | Luno Ele: Fow (8. 3 w8 Int & G Nor Lat 6s. 5 some will come from the national or- | rokio o ST 753 ¢ 2 9 sts, arge e e . . : 3 NEW YORK. December 13 (R | Lokio s W B o |int RepOAmessi 11 S0 o W come. Trom the. Tarmene’” weod | iR M 0 R s General Tire : ';“b}”;,,“’ seclared | Uia singm 53 1T Int RysC A 58172.. : lots. | WILMINGTON DEL. =] RICHMOND VA II:! extra divi 9"k °nd -in:":fi‘:; ";}: | Uta Binsm o s 37 6% 106% IntRyCAG6Y%sret 43 ¢ 9 9 | Among the firgt uses to which the = RUS gommon stock 488 incressed (he | Ut Sieam Copen 6 e lowa Cent 15t 58... & 5 : | volume of farm money will be put :r;a‘nflul ;:;iu“‘:“ms_hu:lemel.n 4 '7 Uruguay 83 ces 1 108% 1081y 12 | Kan City Ft S 4s 96 96 96 | will be in the purchase of farm equip- | v 3 Of 75| Yokohawa 6s wi.. lo yiw udb Kansas City S 3 ment and supplies. The sale of wire | cents, both payable December 20 to ¥ | Kansas City S 5s.. . 214 | for farm purposes is expected- to be | Loans on Real Estate stock of record the same date. MISCELLANEOUS. _ I 'Kan City Term 4s. heavier next Spring than for many 5 o ‘:iuflm:m{:, e, ‘x 1]:;.\. xluy 7'z | Lake Shore 4s 5., 94 vears. There is also a distinct trend 4 3, 5 or 10 Years 3 | A AgciChien (e > 105 105 | Lake Shore 45 31.. 13 5 99 + | for tractors, combines and power ma- | Washington Stock EXChange ! am Siiis i istos = 101t 101% 101 | Fonten ol on o . 5 » | chinery. The sales volume of asri.| M WE BELIEVE OUR ECONOMICAL PLAN OF SALES fan S, 41000 ! LehiVgen 4% 3 24 | cultural implements in the first quar- MAKING LOANS WILL APPEAL TO YOU el s 5e 1000, at 108%.| g SuSerretés.. 16 105% 108t 105N | Long isrf 4a4! ; ter of 1928 is expected to exceed that | e : : #1006 5050 5. 8 0t -y OSSN » ::: : : : :: :: :_ . If". l;vlgl- Y )93 m::fi\;::nu:.l 3 99% 4 of m;, mmg}‘ three ‘-vmnlhs of this, 9 F"',“’:’g. .Amrldmenu nn:lb‘mmess Prcvlm“:; )I'o.t::fi-u'i:)ec, Bi%s pId—3 at 106%. 4 | Am T & LI stos.... 20 106% % | Man Ry 1st 90 r o | e e oarei . hdh, istrict and nearby Montgomery Co., 067 . 2 | Am T & Idebots 13 109% 109k | Market St 7s 40. E Y 9 | o D S ™. | Am water Wks 5s. 8 100% 100%: 100% | M1l B Ry & L 5351 5 3 FEDERAL LAND BANK BONDS. ! s o Commercial National Co. nfd.—10 at 105 | Am Writiog Pap6s = 94 94 94 | Mil £l Ry & L 55 61 3 (Quoted by Alex. Brown & Sons. Closing.) S A PH : goXersenthaler Linotype—10 at 107,710 &t ‘Anaconas ist ba 105% 10> 105% | M St P & SSM cn 4s 10§ 4 e R ‘ ) Sanitary Grocery Co. pfd.—S5 at 105 { Anacoudacvab Is. -6 110 110 110 | MSIP&SSM5s38zta 17 A 4 Bid. Asked, vield 20peb; Convention Hall 00. td—10"at 95. | Anaes Cop (s ret S 114k 11t% 114 [ MStP&SSM5%s 5 95 9 J 9131 2 1985 i3 at 98, | Armour&Co 4% s 6 91 Y% Y14 M K&Tad)bs....210 109% 3 3155 N g } 2 g AFTER CALL o | Armour Dei o tes. . ¥y 88l N84 [MK&ToprinbsA. 17 104% ( Henatadi [0 Washington Gas 6s B—8100 at 107 | Associated U1 6s., 12 103 103 103 |MK&T6sC. 2 1025 “!;-il: Mige. & Inv. Dfd—50 at 5%. 100 | pyjanyic Refin 5s. . 102 101% 101% | Mo Pacitic zen 17 8 Washington Gas 6 B—$1,000 at 107 Barnsdall 63 1940, L00% 1004 100% | Mo Pac 5 A 65.... 36 Pepmemtngler Luotyee-m10 ot 107 . Bell Tel Pa 58 8 106x 106% LOus | Mo Pac 5s F 77. 37 % R O e 8 ot B ws et Bell Tel Pa 58 109% 109% 1081, | Mont Trm ref 5541 | 100 % oo D | Beth Steel rt 5s... 102 102 10z 1 Mob & Ohio 41877106 4 99% BONDS. Beth Steel 5% 3 63. 101% 1015% 101% | Nassau E14851.... 2 6 56 & 3 . Beth Steel 104% 104 104% [ NOT& M6%s.... 6 Bid and Asked Prices. Brier HSU18to%3 5 105 104« 104% | N ¥ Cen zen 3%s.. 3 PUBLIC UTILITY BKiyn kg gen bs 6 1054 105% | NY Cen4s42..... 1 Amer. Tel. & Telza. 4s.. .. 99% .....|Bklyp Unlon 5%s.. & v 234Y% N ¥ Cent deb 48 1 crease of 6,992 tons over Octoher duction was 118,268 tons, against 124, States Governments were quieter and | Nord 643, Since we deal extensively in both listzd and unlisted bonds; we are able to discuss this question disinterestedly from the standpoint of the investor’s own advantage. Laan_ Carrespondent John Hancock Mutual Life Tnsurance Co. 1417K St. Main 9300 R What S tronger Assurance 7 7 Could We Give You 'r Telk&_‘_'ll‘elfl;x :rl,’.!‘» Bush T Bldg bs 60. 105 105% INYCrfim4lys ! 3 g ; Than Th is? B 88 b 160 icenlral Leather 6s. i 104% ¥ Centr 100 IChile Copper 8s... 21 96 ybin .96 ¥ Cent deb 6 D, & Pol. ; & & BT ‘éz; gk 1! Con Coal Ma 150 58 ;6 CentLS el Ths Gpital Traction K. R. : Z|ConGus N ¥ bts. 6% 106% (C& St Ldb4s.. ° 99 9y : '::'x'u &wzzn_fimél':n Beo 88 6 e, b 100K 100K | NyChiaBtL S 1san 7 7 | N SUBMITTING 1ts ofl'ermgs of first Potomac Elec. lst 5s ... 1 " i6iis [ Cuba Canecv s i 923, YChI&StL § 4588 | ; g lec. cong B : | Cuba Cane cv 5 96" b3 YCaSLenA 2 102 1027 102 mortgage o% bonds for youar v Ay | Cuban Am Sug 8 1074 e 2 k . Biok & Khnw, 5" 4ict | Dery (DG) s, S0 49k 9| NT OBLM lavin.. o B0t A constderation the Rear Estats Washington Gas bs... | Dodge A T B8% 88% . g 3 ; ¢ "Ges 6. A iiis | Bast Cuba Sug T 5 Y Rys 6s A 65 % . - : % L R A Dl el ARl e N BByt e = i [ ‘ Morraacr & GuaranTy (okpokra ash- 4 e 8 ot - | 6 5 7 NYW&Boe 4ls. 35 i 3 5 L v Wash, Rwy. & Elec. gen. 6. 104 Goodrich 6%s. . [ g ol % . MISCELLANEOUS | Goodyear 5s rets.. 249 4% Rova nigeninss 96y 4 RN e TION cxpresses Its opinton of therr Cieg ) RS 10a' | Hershey oiss. L1025 Nor Pac 35 2047... 20 i 7% 1 : > | safety 1n anmistakable terms Chevy Chase Club 535 i:- | Hoe & Cobly Y9' 991y Peddiedlapids ' SR L Joimt Stock 1 y I i L00% 100% | Northern Pac bs D, 19 109 9 y : ¢ s . Mkt_ Cold Storg § umble O & K 5%8 52 103 102% 103 " “ 4 . = % 3 i ? y i s Warhiman Park Hotel 55 9655 | (1igots tell Ist ba. 5 1054 pl o T : e} . | [t places on cach bond its own direct PUBLIC Indiana Steel 5s. .. 5% 1050 S| 5 ¥ 0% 3 3 = " ~ American Tel, & .| Int Mer Marine 6s. B3 A08% 10716 Samiors Lo se - : | ! and uncquivocal guarantee ot tull e ooz 9% | int Paper 55 41.... 5 1015 orfolkc & W i | inter Paper ra 657 13 104 Pennsyl con 4% 6 o ] | payment of principal and interest Paih. Rwy. & Flec. com g 4 Cayser & Co 5%s 13 106% 107 | Pecusyl gen 5 10 114 | N 1865, when the house of Hambleton (in the —a guarantec which means chat National Capital 5 Kelly-Bpring §s.,. 9'108%, 1084 Pennsvi goid s 2 house of bankers, the motive force of all indus- Pirmers & Meonavis | Liggett & dyers1s & Y4 122% | PCC&SIL b8 B 76. Kakional Metropotiian. . Manati Sug st %48 5 5 | Readiug ken 4 %8 steam. Fifty years later the age of steam was over o::::fi EII::' y‘-'f’v‘)’ S”;-)- l&Teleg 4% 96 96'4 9 Pennsyli gen ¢ % Wash Rwy. & Elec. nid i+ | Kan CP&L 63 A 62. 6 5 106 5 | P 158 6 E e . . 2 2 e v e it T it b g 3 111 i thirty-fourth year since its foundation) became every dollar of this Corporation’s Folumbia : Lacl G ref 34...... | Pere Mar 1st 4856, 5 ¢ : . 5 e ,’-,;.',. percial 5 Laclede 3 6% 8 b2. 5% | Pere Marg 1st ba.. I tries, save a few that inventive ingenuity had not | tesources ts behind zvery dollar you al-American aAR Loriliara (P) 6s.. y 9 487, | Port R L& P 6s 42, 98l 4 P yet wrested from the hand and the horse, was 1 invest 10 GuaranTy Bonbs Libert 3 Louisv G & K bs b2 Port R L P 6s 47 BB v eans opal Sl SRR e S and the age of clectricity in ull away. | And. <o chat you may appreciate the g e = = Mor’: o 18 s 7 b 6 10 G West cl 4s. 3 3 . .. k3 | B e s EARY = T e i ! r_{'?uk :fn.c.y.- Sa ; This transition from steam power to electric power, 1 fall meantag of chis guarancee, we Somtnental” Tl R e e |56 L 101 At és 951 G ; which has added so much to the volume and variety | potnt our chat chis Corporation ationgl Xavines & Trist At [N dison s s R 5 116 S: CRaRoisa: 10 Vi g of the world’s wealth, could have come to pass only | k st | d a0 & Tras NYGELH ; 4 S| i 4 $ O b o S o . N a0 & Trum ! Ny s , StL&SFb%sD 23 1025 102 with the help of the great bankers of the country. | as capttal. surplus 4nd ceserves of Bank of n.-i..'..u' it NTTelese B Laasime. 63-90n 'obu o If it was the inventors who revealed to us the in- $3.738 36981 and cotal resoarces DS : } B I Woas : | finite powers of electricity, it was the bankers who of $5-18.51166 BoTunkR Sitee : Nor States Pow 6a. 6 ; S0 P& KCShL 4% 9Th 97w 97 raised the capital by which those powers were ) 2 105 s | San A & Arn Ps.. 32 944 94n 4 Wakhinzton Mechi a i\ os... 2 el AN secured to the wheels of the world. FIRE INS AN T eab A L ad) hs. g American : 9 106% 106% 106% | Seat & L con 3. .. 98 95% Y5 these quaranteed 69, bondy befors you make Corcoran S | Pan-Amer Pete 8. " SB All Fla 6335 A. . % Fonal Uiion. . t | Peoples Gas bs 3 vy | Sou Pac as29..... i | your next tnvestment. You have a chosce of TITLE INSURANCE e aeey L o e H | St,000, $500, $250 and $100 denomnations S S >nila Co rf 68 A 3 Oiagis N - .- .. Phila & RAC& | 5s 214 103 Sou Ry gen 4s. 42 wae| | and of one to ten-year matursties. Bl TV Co "of M eom Plerce. Arrow Xs 4 9 Sou Ry Con bs 94 3 . Por Ric Am Tob 6s 2 106% | Sou Ry 63 56 1 . 1SCELLANEO! & Ausgrriggoen 14 Public Service 518 15 1045 104% | Southern Ry f14s. Barber & i 33 s S 1 4 r. i ; D: 4 105 Public Service & 107% 1071 | Term Asso St L bs . E Q.}.'m'::rbrdh:fwn Co. pid 104 P Serv Gas 548 69 105% Y 105% | TexXArk £S 6%s b0 6 Lstablished 1865 E ST TE OR GE O auah s Genvel oid...... 108 P Serv G 105 105 | Third Ave ref 45 60 67% 67% 6 R Al A M TGA Ry e I e o LR B ‘ PSRN i e, & GUARANTY CORPORATION Federal-Amenican vid 5 Sinciate Ol 6 ... y 'yt | Unton Pac Ist r ¥7% 97 W c Monotme B R ONStie . § baw terh e R Bac . o aLi0s BALTIMORE, NEW YORK, PHILADELPHIA, CHICAGO S Merchan 4 35 | Sinclair Ol 7s 6 9 45 | Union Pac cv #s. . 101 . JACKSON PLACE Ugmestnnler, Mo ori i, V31 | Stn Crude O11 65 Virzinia Ry I8t b8 109% 109% 1095 3 l’f_w',e',“ e Atoros wid E Sin Pipe Line bs 9 9 314 | Va Ry & P 5 102 102 Security Storage .. 19 | Skelly O11 5. 39 9 9 Wabash 1st 68 104% 104% m."ir‘v G;mvr .;\l(_'l:";“ . . Sou Bel! Tel bs., 2 3 ) Wabash 6s 76 5 104% 104% Convention Hall nid.. 7 So Por Rico Sug 7 West Maryland 6 86% 86 om 1 | Sonthwest Bell 68, 25 106% 5 Md5%sT7... 14 1024 1 ndward & Tothrop © Standard Ol N J 65 12:103%5 103% 103% Western Pacific hn. 14 100% 100t Let ws send you further particulars ahout "eEx dividend. " Sug KastOrient7a 1 100% Y West Shore 45 2361 1 92% 92%