Evening Star Newspaper, November 1, 1928, Page 15

FINANCIATL. CURB PRICES RISE IN HEAVY BUYING Market Generally Higher as Traders Pile Up Orders for Favorites. BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. NEW YORK, November 1—If the election influence was a factor in specu- lative calculations today, it had the effect of bringing in enormous buying orders in the curb market favorites. ‘Those who had previously been dis- posed to even up accounts over elec- tion day hurried to get back their com- mitments, with the result that prices were bid up sharply. Expectations of a decrease in the brokers’ loans statement and belief that a good-sized short interest had been built up as a result of the recent selling were additional influences making for higher prices. Practically every group Was repre- sented in the improvement. Among the outstanding features which attracted most_attention were St. Regis Paper, Rainbow Luminous Products, Marmon Motor, Newmont Mining and United Gas & Improvement. The spectacular advance to a new high in the first named issue was the most noteworthy because of the recent pressure exerted against the market for related issues during the past week on the Stock Ex: change. The common conclusion drawn from the action of the stock was that it was the result of a technical corner. Awarding of two important patents to the Rainbow Luminous Co. by the United States Patent Office was the incentive back of the demand for that stock, which carried it from the pre- vious final of 42 to a new high around 45. United Gas & Improvement was influenced as were many other power properties by the announcement of the electrification plans of the Pennsylvania Railroad and what this is to mean to the power companies. Around 148 it compared with the previous final of 14134, Northeastern Power was an- other favorite, up several points to a new top. “Capitalization of cash surpluses,” was the cry which accompanied demand for the Standard Oils. Action along this line was taken today by the Illinois Pipe Line directors. It took the form of a declaration of a semi-annual dividend of $10, thereby placing the stock on an annual $20 dividend basis, against $12 previcusly paid. The market for Illinois Pipe Line swept forward for a gain of almost 20 points when it changed hands at prac- tically its highest around 245. Standard of Kentucky felt the effect of profit- taking for a time, but rallied later. In- terpational Petroleum went to a new top round 49 and Vacuum was a point or so_higher, New high records were marked up in Marmon Motors, Propper Silk Hosiery 2nd National Sugar of New Jersey, the last named up over 7 points. Newmont Mining featured its group and at one time was up over 5 points, discounting the price appreciation in the market for securties held in the com- pany’s treasury. New Grocery Stores Venture. NEW YORK, November 1 (#).—Clar- ence Saunders of Memphis, Tenn., founder of the Piggly Wiggly chain of groceries, has launched a new ven- ture with the formation of the Clar- ence Saunders Stores, Inc. The com- pany will begin operations with 51 self- service grocery stores, add 100 more within the next few months. o Washmgton Stock Exchange SALES. Capltal Traction Co—5 at 1053, Chesmut Farms Dairy pfd.—10 at 109, 90 at 109. Potomac Electric 515% pfd.—1 at 10875. Union Trust Co.—5 at 337. Firemen's Insurance Co.—8 at 38! Mergenthaler - Linotype—10 at 10(}'.. 5 at 10075, 10 at 1003}, AFTER CALL. National Mtg. & Iny. pfd.—40 at 53, Washington Gas 6s “A"—8200 at 1043, Washington Gas Light—10 at 10215, 16 at 102Y. Potomac Electric 65 195382000 at Fefleral-American Co. com.—10 at 55. Capital Trection 55—8500 at 102. Sepurity Storage Co.—10 at 12 Rifizs Naticnal Bank—35 at 570, 45 at 10 at Pqtomac Electric 6% pfd.—10 at 113%: | Bid and Asked Prices. BONDS. PUBLIC UTILITY. * Bid. Asked. . & Telga. 4% . 991, 02 Vardman Bark Hotel 515 104% STOCKS.I PUBLIC UTILITY. Telga i1 109 10032 276 262"" 262 NATIONAL BANK. 1 Capital.. sonal Metrop politari s gl T Merchants Natio i FIRE INSURANCE. Wosdward & Jotbron pid.- Ex'diviaénd 7T P and plans to| NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following is & list of stocks and bonds traded in on the New York Curb Market today: Sales INDUSTRIALS. in hundreds 73 Acoustic Prod 1 Albha pore Gem: 31 Alum Co Amer & 2 Buf Niag & E P A 18 Can Marconi W 1 Caterpil Tract 1 Gavanagh DI(-bh m 13 Evans Wall Lead. ;. 6 Fairchild_Aviatn A, 14 Eirestone Tire' r Pow s pfd . 1Gen Mills_. on Pub ser obe} 2 Goldvers Stores’ ,8 Gotham' Knith Mach 3; Grief L & B pfd X { Ground Grip Bhioe cu 4 Hall Printing ..... 119 Happin C St A 3 Hart Parr . 2 Henney Mot 45 Hiram Walk G'& W 3 Household ¥ Finance 0al & 1 Libb Owens 8h Gi.: 1Liv Bros rc Wire Lond B. { Marfon Steam Shov. Nat 1 Nat A Nat M 2Nt at 597 Nat 1 Nat, lvn .’JPr)nnlds Metal D(d 3» Richman Bros ... 207 Roval Bax Poy” 51 a1 Bak POW 5%3‘] Bak P P Dl‘d n l;‘ 2315 3 Sierra Pac E }a Sierra Pac € pid e ros .. 10 Smith Co" (AG) eel 1 Woods orth 4 Worth Inc A oung & Co. 3 Youne dor B i Sales in ‘hundreds 2 Carnegie Metals . 86 Cons Cop Mines. . rand 10hio Copr i Bremier G t endon Gop ukon Gold 1Tid Os O non-vi 21 Venzuelan Pet Sales in uj 85 Prairie PL . THE EVENING STAR, WA \SHINGTON, D. €, THURSDAY, NOVEMBER 1, 1928.° s 211, MINING BTOCKS. 2% 23 sieBes une=EovenennaSan w. Noon. 214 36, o g 130a40; 1100 South Penn O 100 Southe 196 Southern P L O Neb s:mm VoCut’ 6" in thousands. 25 Abra & Stra Slas witlo 3 1 s Valve su ss \ox'z ¢ Beacon Ofl_6s 1 & L 5s.. 1Cent States EI 'S 19 Cent. Sia- p,& L 8 v efs dep 35 1cit Serv A 1K Serv aus BYis 2Cit Ser Gas Pip 65 15 Cit Berv Pow 5iys 3 Command Larabee 65 10 Commonw £d 41 1 Cons 2 3 Bev'ciy (‘. 55 B ml*" 2Det Tatl . et T %2 1Dix Gulf Gas 6'a5 A i o} Foirbanks Morse' 55. 9614 Fed Wat s, 3 Indianap P & L Intl Sec Amer SRt o P : 4 Inter Wb 5o st o 2 Invest Corp Am 53 A1 m 0 1Towa Neb L & 1 Joddo ket ‘Gor 1 Kop Gas A Coke 3 Lehigh Pow 65 A 2Lib M 32 < gcccnny 2 10 Berlin 6g .. € Bolivia s ..l 3 Buenos Aires s 5 3 Buenos Aires Tias 2 Cauca Valley 7s 1 Danish Cons 5'25 4 Denmark 5'as 2 Gelsen Min 6s 3 Ger Cons Mun 78 24 Ger Cons Mun 6s .. 17 Ger Prov & Co 6l2s A ur: 26 Isotta Fraschini 3 Isotta_Frasch 7s w 2Tl Superpow 5 Lombard E] 17 23 Kendora Tias /41 1Minas Geraes 812 11 Hontevideo 65 A. 10 Mor Bk Chile 6s 13 Munt Medellin 61z 2 Potrero SUE 1S.. 4Rio_Grande 18 u 5 Silesia 18uiss. Govt 5138 Uni El 14 Ut B W s xd—Ex-dividend. i~ When issued. wun warrants. SHORT-TERM SECURITIES. (Reported by J. & W. Selisman & © Alis-Chalmers 85 1937 Batavian Pei. Co Bell Tel, of Canada 53,1958, et. Corp. 5178 G mfimnmt Ry. (io 41,5 1930 hen € ohi Y. 47 Ghiciso Rock Tuand-ds 1998, Colorado & South, Ry, 4s 1029, Columbia Gas & Elec. 5s 1932 Cudahy Packing Co. 57;s 1937 Edison Elec. Til. Bost. 3 Bdison EICC, e Goio Gen, Petrojeum Corp ial D'zpatch to The Star. RE, Md., November 1.— Potatoes, white, 100 pounds, 1.0021.10; sweet potatos 75a1.00; yams, barrel, 100, 4.00a5.00; brocoili, Brussel sprouts, quart, 100, 3.00: celery, crate, lettuce, bushel, .00a3.5 parsnip: 1.75a2.25; beets, bushel, 65a75; 18a25; cabbage, 100, '4.0026.00; caulifower, 1.50a2.50; kale, bushel, 50a60 bushel, 75a1:25; lima beans, 3.0025.00; onions, 100 pounds, oyster plants, 100, 6.00a7.00; basket, 50a70; peppers, basket, pumpkins, 100, 10.00a20.00; spinach, bushel, 40a70; tomatoes, bas et ’)Oal turnips, basket, 25a40. 5a2.00; crabapples, hushcl “310002.50; cranberries, box, 3.50 damsons, bushel, 1.50a2.00; grapes, basket, 60a65; pears, bushel, 1.25a300; grapefruit, box, 3.25a4.25; oranges, box, 3.2526.00; plums, bushel, 1.50a2.00; quinces, bushel, 50a1.50. Dairy Market. Live poultry—Young turkey. old. 35240; Spring chicken ; old hens, 24a3: : guinea fowls, each, and old ggs—Receipts, S0 arby slstiad imhites ree ‘oas dozen, 47a48; firsts, 42; receipts, 40. Buiter—Good and_fancy creamery, pound. dGadg.; prints, 49%051" ladies, 3538 d, 33; process butter, 4la Hay and Grain Prices. No. 2 red Winter, export, no No. 2 red Winter, garlicky November delivery, 1.34 store Con new, 4.00a4.25 per barrel. Oats—No. 2 white, 5228532; No. 3, . yo—Nearby, 1.10a1.2 Hay—Receipts, 12 tons. New hay is arriving in only limited quantit; It 3, : not being cfficially ictiy on its merits, within clover grads. © Eraw—No. 1 wheat, No. 2 oat, 12.00a13.00, 11,00a12.00 ton; ' 1| stance attributed to hte ;| eriiical time over & wide area west of 1, 1.50a2.75; bushel, | lnx‘gl‘ of 16.00a18.50 & ton, timothy and DISPLAY STRENGTH Speculative Issues Also Re- vive—Copper Convert- ibles in Demand. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, November 1.—Again to- day there was a surprising display of strength in low coupon bonds, in spite of the fact that money rates began the month at a high level. At the same time the speculative issues revived un- der the influence of a broader and stronger market for stocks. There has been a gradual creeping up in prices for the first mentioned group, until some of them were today at the best figures in six months. Con- spicuous in this list for strength were Frisco prior lien 4s, which sold at a parity with the 41>s; Baitimore & Ohio first 4s, Northern Pacific first 4s, Union Pacific new 4s, up nearly a point, and the 415 per cent issues of the Wabast Rock Island, New Haven, St. Paul, Fi co, Missouri-Kansas-Texas and Buffalo, Rochester & Pittsburgh. The copper convertibles were helped by the Pennsylvania electrification an- nouncement. This also brought about a revival of speculation in Public Serv- ice. of New Jersey convertible 415s, with a maximum gain in them of 5 points. Anaconda 7s advanced 3% points and | Andes 7s 2 points. Both of the Barns- dall issues were buoyant. The convert- ible 6s advanced points. and the bonds without warrants, on an even larger turnover, were up 214 points. Sinclair issues were fractionally higher. International Paper 6s declined to par in sympathy with the weakness in the company's stocks. They sold at one time this year above 105. Foreign convertible bonds were quiet but strong. ‘The Fiat 7s gained a point, but the non-convertible bonds were off still fur- thar and about 5 points under their re- cent price, In the day's financing was one small issue by one of the political divisions of Colombia. Other important offerings were those of airplane stocks and investment trusts. The total issues of bords in October was approximately $300,000, with an even larger volume o! stocks. Bond dealers report an excellent de- mand for all of the new issues and maintain that they are not able to gu, enough in the way of new securities to satisfy their customers. The Federal Land Bank offering of $15,000,000 414 per cent bonds had practically been cov- ered before the subscription books opened. On account of the high rates of money, dealers are not, however, accumulating bonds to any extent, for while they are bullish on the outlook they are not willing to stand the present high carrying charges on the type of bonds for which there is now and likely | to be later the best demand. i CORN PRICES GAIN IN EARLY TRADING Market Advances After Higher Opening—Wheat and Oats Firmer. By the Associated Press. CHICAGO, November 1.—Corn prices displayed strength early today in the | face of unofficial crop reports showing available supplies 70,000,000 bushels larger than last season. A leading ex- pert, however, figured the yield per acre as cre-half bushel less. Gpening 1 to 3; higher, the corn market afterward scored decided addi- tional gains. Wheat and oats were also firmer, wheat starting '3 to % up and | then reacting somewhat, but later out- | doing initial gains. Provisions went lower. According to monthly private crop | reporis fssued today the average esti- mate of the corn crop and carryover. plus the visible supply, makes the total | available supply of corn for the 1928-9 | season 2,978,000,000 bushels, com- pared with 2.908,000,000 bushels = the previous season. The average of the unofficial corn crop estimaies _today was 2,912,000,000 bushels, and of farm reserves was 64,000,000 bushels, against | an average production estimate of 2,- /969,000,000 bushels last month. Corn traders construed today's crop cstimetes es bullish, inasmuch as al- | though larger than at this time last season, the probable yield is 57,000,000 | bushels under last month’s figures. In this connection it was emphasized that the estimate of yield per acre is ap- proximately one-half bushel less than was indicated on October 1, a circum- | fact that cars are a trifie smaller than expected and | because of severe dry conditions at a | | the Missourt River. | French 7s. | Getman EI P 6%8. ILOW COUPON BONDS| Cozer_zoms_BONDS ook s Received by Private Wire Direct to The Star Office UNITED STATES. (Sales are in_$1.000.) Sales. High. Low. 99 4 Lib3%s.... Lib 1st 4%s USS%B'{T. US3%s.... US4s 1944, US4ksb2. 26 104 22 117 11224 Close 998 10031 101 11014 1012 1014 9916 9918 9918 99 20 FOREIGN. Argentine 6s Ju by. Argentine 6s Oct59 Argentine 6s A.... Argentine 6s B.... Australia 4% s 56.. Australia 68 1955. . Brazil 6%s 1926, Braszil 6%s 1927, Brazil Brazi) 8 Bremen State T Canada 5s 1931 Canada bs 1952 Canada 6%s 1529. . Chile 65 '60. Chile 6s 61. Chile 7s 1943. . Chinese Gov Ry 0s. Colombla 6s Jan 61. Con Pow Japan 7s. Copenhagen 6s ct. . Cuba 6%48...000000 Czecho 8s 195. . Danish Munic 8s A. Danish Munic 8s B. Denmark 6s....... D 15%s Nov 53.. Dutch East 1 6s47. Dutch East 1 6s 62, Finland 5%s. iinland s £ 63 45... Framerican 71 ‘bl French T%s. jerman 7s.... Ger Am Bank 7s... Greek 78.....00000 Holland-Amer 6s. . Hungary 1%8..... Irish Free State bs. ltaly 7s.. Italian Pul Japanese 6148, Lyon 6s. Marseille Mexico 4s 04 asntd. | Mexico 5s asntd. Milan 6%48.....000 Netherlands 6s 54. . New So Wales 67s. Nord 634s...... Norway 69 1963. Norway 5%s. Norway 6s 1943, Norway 63 1944.... Norway 6%s 1952.. Orient Dev deb Paris-Ly-Med 6s Paris-Ly-Med s Peru 6s 67 w1 Queensland 6s. WQueensland 78..... Rhinelbe Un 7s Rio de Janeiro 6%8 Rio de Jan 8s 1946. Rio Gr Do Sul 8s... Rome 6%8........ Sao Paulo 8s 1936.. Saxon (PW) Ts.... Seine 78 42....... Serbs Crot Slo 8s, Shinyetsu 6%8 52.. Sweden 6% Sweden 6s. Swiss 5%s 194/ Swiss Confed 8; Tokio 58 Toklo 5%s 1961. Utd Kingm §%s 29. UtdKingdm 5%s 37 Utd Steam Copen 6s Yokohama 6s wi.. AmAgriChem 7345, Am Smit & R 1st 63 Am Sugar Ref 6s. Am T & Tcl tr 4s.. Am T & T el tr b AmT& Tsfbs. Am Tel & Tel 5% Am Water Wks b Anaconda 1st 6 Armour&Co4%s39 Arinour Del 5%s. Assoclated Ol 6s. Atlantic Refin 6s. Bell Tel Pa 58 B... Bell Tel Pa5sC... Bethiehm Stl pin 5s Beth Steel rf 58 h Steel 6%s Bethlehem Steel 6s Bklyn kdison 5s. .. Bklyn Union 5%s. Certain-Td5%srets Chile Lomher b8 Col GasE deb's Cen Coal Md 1st Gs. Con Gas N Y 5%s. . COTTON IS STEADY ON INITIAL DEALS! i Market Registers Advance of 14 , to 16 Points on First Sales. By the Associated Pr NEW YORK, November 1.—The Cot- ton Market opened steady at an ad- vance of 14 fo 16 points on buying | which appeared to be influenced by re- ports of cold rains in the Southwe: and prospects for a cold wave. Januar; contracts sold up to 19.45 and May to 19.29 on this initial demand, but the buying was not active and prices 10st part of the advance under Southern | selling and realizing. January sold off to 19.34, or within 5 points of yes terday’s closing quotation, and the tone | was rather unsettled at the end of the | first half hour, although trading was | comparatively quiet. Private cables re-| | ported continental buying supplied by hedge selling and Bombay selling in a | | quiet market at Liverpool. Fair cloth | sales were reported to India, but Shanghai auctions were less favorable. DAVISON C0. EXPANDS. BALTIMORE, November 1 (Special). | A sales volume of approximately $25,000,000 is estimated for Davison ! | Chemical Co. this year, comparing with 6,000,000 in the year ended June 30. ough purchase of a number of fer- r companies located in Raltimore s, the Davison Chemical one of the largest | | manufactu mixed fertilizers in this country as well as the largest pro- ducer of sulphuric acid and super- | phosphate. The company is now turning out fer- tilizer at the rate of 200,000 tons an- nually, and production is expected to reach 600,000 tons soon. Mining Deal Arranged. NEW YORK, November 1 (#).— Uniied Verde Extension Mining Co. of New York, which owns property in Arizona, has entered an agreement Wwith American Metal Co., Ltd., of New of New York and San Francisco to acquire a one-third interest in the op- tion on the Cape Copper Co.'s property in Namaqualand, South Africa. United | Verde preduced 11,153,704 of copper in the third quartor of the year, against, 10,049,952 in the second quarier, . York and Newmont Mining Cmpnmuon‘ Consumers Pow 5s. Cuban Am Sug 8s.. enver Gas 6s..... ery (D G) 75. | bodgze 6s. Liast Cuba Sug 1% tien Asphait 65 36. Goodrich 6128. ... Goodyear bs rets. . 1 Humble VIl 58, Humble O & R 5%s { Hiinois Bell 1st 6s. ! Indiana Steel bs. Intl Cement s 48. . Intl Match bs 47 Int Mer Marine 6. | int Paper bs 41 | Inter Paper 6s. . | Int Tel&Teleg 4%s | Kan City P & L 6s. | Kan G & K 68 52 | KKelly-Spring 8s. Lackawanna Stl 68 Laclede 58 Lggett y | Lorillard (P) s ManatiSug sf 1%s. Mid-Con 6345 40 Midvale Steel 5 Mont Power 58 Mont Power deb bs’ Mor's&Co 1st 41 Nat Tub 1st 5s. New England el 5 NYGELH&P4s N Y Tel 4143 N Y Tel Gs 41. N Y Tel 6349.... North Am Edls bs. Nor States Pow b Nor States Pow 6s. Pacific Gas & E1'0s Pac T & T st bs. .. PacT & T 68 62 Pan-Amer Pete 6s. Paramount 6s 147 Pathe Iixchange 78 People’s Gas bs Phila Co bs 67 wi.. Phila&ReadC&! bs. Philips Petro 5% Pierce-Arrow 8s. Por Ric Am Tob 6 Postal Tel & C 6% Pressd Steel Car 68 Public Service 4 %s 2 RemingtonAr 6s 32 tem Rnd 5% s war Sinclair O11 68..... nclalr O1l 6% Sinclatr Oil 78 Sin Pipe Lini Skelly O1l 5%8. . Southwest Bell 68 | Stand Ol N J 68 46 TennElecPow s 47 United Drug 68 53 9 13 51 S me 100 100 00 109% 110% 110% 105 103% 104 2 106% 1044 12 103% 96 107% 6 106Y 28 1 3 21 “14 19 Barnsdall 63 1940. 189 £ 16 11 3 1 | Gen Mot Ac Cor 6s. 35 6 82 17 9 3 410 oo - o on oo o [OYSYEPOR TS Bt - 20 15 12 .<I’l 1 Sinclatr Crude 6%s 2 23 93 106 9914 104% 9715 9214 10344 102% 104 110% 79% 907k 118% 105 100 95% MISCELLANEOUS. | AJax Rubber 8s. . 8 105% 1024y 1074 9314 100% 102 104% 109% 102% 1 10 .’. 1023 105 100 104 101 87l 1035 107% 941y 9T 994 99% 100% 99% 109% 110% 110% 104% 103% 104 103% 90% 9% 105% 106 92% 106 995 104% 974 924 103% 1023, 103% 110% 8% 90% 118% 104% 100 95% 108 104% 101 103% 99 104% 105% 107% 99% 105% 1434 158% 92% 9214 102% 101 135 106% 109 Ifll' 3034 90 96% l(»., s 102 104% 10315 100% 10414 104 22 70 107 20 107 12 107 20 11210 11224 Sales. High. Low. cl;n 99% 100% 1004 9314 1024 v 10434 1044 109% 4 1024 101 102% 4 103% 107 94% 101 107 110% 10050 101% 105 102% 10215 105% 104 1000 1081 1038% & 1061 Sales. High. Low. Clul 21 90 89% 4 101% 100% 34 107% 107% 5 101% 100% 97% 103 4 102% 101t 107 100% Utah Pow & Lt 5e. Vertientes Sug 7s. West Elecbs...... Westn Unlon 5s 61, Yngstn S&T 6s wi. 28 100% RAILROAD. Ann Arbor 4s. 4 Brooklyn Elec 6%48 Brooklyn Elev 6348 Bkivn Manhat 6s. . BUff R & Pitt 4348, Can Nat 4%s 54. Car Clinch&O 6s 52 Central of Ga 6s... Cent Pac 1st 6s 90. Chesa Corp 68 w 1 Ch &O0gn4y hes & O cv 4148, , Ch|&Altnn 348, CB&Q4%877B. CB&QIlldivds.. Chi&E L1l gn 68 51. Chi Gt West 4569, CM&StPgn89.. ChiM&StP4%sC89. 17 CM&SLP ret 414583102 ChiMiISP&Pac5s 75 183 CMSP&Pacad| 5803262 Chi & NW 6%s. Chi& NW 1s Chi Rys 6s.... Cthl&Pgnls.. 3 Chi R 1 & P rt 4s.. 183 CR1Pacsleswi, 19 ChiTH&SEGs, Chi T H inc 6s 60.. 9915 Chi Un Sta 4%s. Chi Union Sta 6% Chi & W Ind cn ¢s. C& W 15%s62. CCC&StLrf6sA. C&S1st4s29 1005 117% 88% 105 100% Cuba RR 7%8...4. Cuba Nor 6%s cts. Del & Hud 1st rt 48 Del & Hud 5%s.... Den & Rio G cn 4s. 1 D & Rio G imp D Ri0 G West bs DRG & Wst 5578 Det United 43%4s. ., Erleconv 4s A, Erfecvt 5567 w 1. Erie conv ext 7s. ., Fla East C 58 74, Great North 5s. 1064 109% Green B & W deb B Hocking Val 4%s Hud & Man aj bs. Hud & Man ref §s. 111 Cent ref ¢ 111 Cent 4s 52 1l Cent 4%s I11 Cent Chi 4 %s. 111-C-C- StL&NO bs Int Rapid Tran 6s. Int Rap Tr 6s stpd. Int Rapld Tran 6s. . Int Rap Tran: Int & G Nor 1st I!. Int&GtNoradj 6s 52 | Int Rys C A 68 72.. Int Ry C Am 6s 41. Int Ry CA 6%sret Iowa Cent rf 4s. Kln City F't S 4s. nsas City S 68.. hnn City Term 4s. Lake Shore 4s 31.. Lehigh Valen 4s. . LehighVal con 4%s Lehigh Val 5s 2003, Long Island 5s 87.. Louis&Nash uni ¢s L &N 4%82003. Louls &.Nash 7s. Man Ry 18t 90..... Market St 7s 40.... Mich Cen deb 4s 29. Mil El Ry & L 58 51 M St P&SSM cn 4s. MStP&SSM5s38gtd M StP & SSM 6%s. MK&T4sB. Mo Kan&T 4148 ‘T8 & 1061 95 100% 10215 69 9714 99% 103 8915 99% 1004 861 o 102'% 69 974 103% 101% 8% 100% 99% 99% 993 103% 92 Mo Pac 65 A 85.... Mo PacssF 77.... Mont Trm ref 5s 41 10 NOTex &M 5sB. NOT&Mb5%s, NYC& StL deb 4s. NYChi&StL 6%sA. NYC&StLé6sA. New Haven 3338 56 NYNHG&H 4s 56. NY NH&H db 4s 57 NYNH&H44s. NY NH&H cv db 6s N'Y Rys 65 A 65 N Y State Ry 4%. NYStateRy 6%s 62 NYW&Bdays... Nor & S gen 55 54. Nor Pac 38 2047. .., Northern Pacific 48 Nor Pac 414 2047. Northern Pacr 1 63 Ore Short L rfs 4s. Ore Wash 1st 4s. .. Pennsyl xen 4348 . Pennsyl 68 64..... Pennsyl 6%s . Pennsyl gold Pere Marg 1st 6s. . Portland EI P L 6s. Port R L & P 5s 42, Port RL P 6s47... l Readinz J C4s51.. 3 Rio G W st 4s 1 RIArk&L4%s.. 5 StLIM&S 4s29... 11 St L IM&S R&G ¢ 2 StL 1 M&Sgnb6s31 1 51 1 3 3 9 o b roes~~ 2R3 ennen » 112% 9615 904 100% 1034 AEmua alBan StL&SFp) 48 A StL&SFr4%s 813 St L &S F orIn bs. StLS Wistds.... StL S W con 4s 2. 3 SanA & Arn P 4s. . Seaboard AL 4s sta SeabAL adj bs 1949 Seab A L con Sou Pac 43 29.. Sou Pac clt 43 Sou Pacific ref 4s. Sou Pac 4%s reti Sou Ry gen Sou Ry Con 5 Sou Ry 68 66.... Term Asso S L 4 TexArk FS5%s Tex & Pac bs 15 1973 Third Ave ref 4s 60 Third Ave adJ b Union Pac 1st rf 48 Union Pac 1st 4 Union Pacific ¢s Un Pac 4%s 6 Virginia Ry 1st 68. 105% 10574 Wabash 1st 6 103 103 Whish 414578 rots 921, 92y Wabash 2d 6s. . 1014 101% Wabash %3 75, 105t 105% West Maryland 4s. 81 81 Western Md 5%s. 994 99; Western Pacific 6s. 994 991y Wheel & L Ecn 4s. 89 89 921 954x O Rl 35 1 89 A D Exchange Buys Building. NEW YORK, November 1 (#).— ‘The New York Stock Exchange has purchased the Blair & Co. bullding at 24 Broad street and announces that, negatiations for lcqulrtng the adjoining postal telegrapl dln% are in the; advanced suge ‘rhe purchases will give the exchange the entire block, bounded by Exchange place, Broad, New and ‘Wall streets, for expansion. N FINANCIAL. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life fns. Co. 1520 K Street Main 475 Money Available for FIRST DEED OF TRUST LOANS On Completed Propert for Construction Use Ruunablc Interest and Commission Rate JAMES F. SHEA 643 Louisiana Ave. N.W. and 1st & 2nd TRUST MONEY On homes, apartment buildings and business properties. No apprai- sal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. Main 1403 OR TRANSFER # GALL CENTRAL 24 Jackson Place defects of an uninsured title only TLE INSURANCE atthe CAPITOL TITLE & GUARANTEE CO. CHANDLER BUILDING FIFTEENTH & 1 §TS.,NW. FRANKLIN 3900 ting Capital Funds over e ‘flg.oé’o.ooo Tle STORY OF THE METALS Iron RON was probably discovered long ago when stones containing it were heated by accident in the camp fire of a prehistoric tribe, leaving a metallic substance that made goecd arrowheads and spearheads. Its importance to human life is only realized when we consider that today it is one of the main ingredients of the blood; that every rouge compact used by the feminine sex of today is nothing but iron rust—specially prepared; that it is a part of every blue print. We are accustomed to think of it, alloyed with carbon, to make the steel of our rail- roads and bridges, and the framework and backbone of our modern buildings. So it is the custom among experi- enced investors to think of the First Mortgage Notes issued by Swartzell, Rheem & Hensey Co. as the backbone of their savings. No matter what may be among the papers in your strong box, there should be a foundation of these notes, for they are the one safe, steady and invariable security you can depend upon. Their value is always par, the income from them is a steady 6% and the result of owning them is a peace of mind worth knowing. SWARTZELL, RHEFM & HENSEY CO. MORTGAGE BANKEKS 727 15 STREET N W/ WASHINGTON D.C. i