Evening Star Newspaper, November 14, 1928, Page 15

FINANCIAL/S CONVERTIBLE BOND ISSUES ARE LOWER Mixed Tendency Displayed in Market—Ail Securities Are Firm. BY CHARLES F. SPEARE. #pecial Dispatch to The Star. NEW YORK, November 14 —It was difficult at times today to determine the trend of the bond market because of the opposing movements in several [ A active groups. The convertible issues that had been featuring the speculative side of the market were for the most part lower. While there were rallies in them, they appeared to have reached the point at which profit-taking was -fl’ecung their price level. Both of the 7 per cent r convertibles wem, off a early, with Andes 7s showing g covery later and Anglo-Chilean 7s up l int. pflAmung the oil convertibles Barnsdall 6s_ displayed the most resistance and held above yesterday's closing. Simms 6s declined 3 points, White Eagle 5%s a point and Transcontinental Ofl 6: eased off half a poln! followed by a rally of about a poin The best showing s i e tive convertibles. Public Service of New Jersey 415s had an opening gain of 2% polm.s which it increased to 4 points. Brooklyn Union 5'%s rose 4 points, J. Kayser 51:s rose 3 points and Liquid Carbonic 6s advanced 3 points., Inter- national Cement 5s were up 112 points. After selling around 103!; for some time Dodge 6s advanced yesterday to 104 and this morning opened above 105. There were several weak industrial features, such as Industrial Paper 5s, National Radiator 6':s and Eastern Cuba Cane Sugar 7'2s. New Orleans Public Service 5s declined to a parity with the new issue offered today. Among the secondary grade of rails the continued advance in Denver & Rio Grande Western 5s attracted attention, as did that in New Haven convertible 6s. New York, Susquehanna & West- ern refunding 5s were up a point. The 4748 and general 5s have recently had sharp gains. Seaboard Air Line issues were steady, while Florida East Coast 5s_were at the lowest of the year. The Italian convertible issues were outstanding in the foreign market. Fiat 7s rose 6 points on moderate trans- actions. There was little change else- where in the list. Dealers in foreign bonds state that the market is a very narrow one, subject to wide movements as small oflers or bids are placed. U. Government, issues were irregular, show- ing decided strength among the short- term certificates and indecision among the longer ones. There has been some selling recently by banks. —_— CHICAGO DAIRY MARKET. CHICAGO, November 14 (#).—But- ter—Higher; recel Fs 3,353 tul creamery, extras, 48 extra firsts, 463za e }‘{lizh" ipts, 2,540 er; receipts, 2, cases, extra firsts, 45a46; firsts, 38ad4; ord nary firsts, 28a31; refrigerator extras, 32: ‘refrigerator firsts, 31. Poultry—Alive, nu.dy. receipts, 3 cars; fowls, 25; Springs, 25a26; roosters, 20;" turkeys, 30a35; ducks, 11-20; geese, 20. 8. | Mexico 5s asntd. UNITED STATES. (Saies are o $1.000.) Lib 3%s... Lib1-2 4%s Lib 1st 434s L\bnh 4%s 10026 100 27 101 1012 997 9913 9912 9915 104 23 10423 10711 10714 11220 11225 50 10424 19 10714 62 11225 FOREIGN. Saies High. Low. Clase Argentine 5s. .. 1901 901 904 Argentine 65 Ju 59. 27 100% 99% 100 Acgentine 6s Oc 5 100% 100% 100% Argentine 5138 '62. 6 96% 96U 96% Argentine 63 A.,.. 21101 100% 101 Argentine 6s B. 21 100 99% 99% 11 88 B8 88% .12 96% 964 96% 4 961 96% 96% 21108 102% 102% 5 9TH 9T 9T% 8101 100% 100% 5106 106 106 9 107% 107% 107% 20 106 106% 106 4 115% 115 116% '105% 108 100‘/: *100% 964 964 96% 96% 100 100% 109 109 102 102 100% 100% A 104% 104% 4 1004 100%% 931 93 934 4 1024 1024 it 98Y% Bank of Chile 6%s Belgium 6s. Belgium 63%s. Belgium 78 1955, Belgium 75 1956, .. Belgium 73s. Bolivia 8s. Bordeaux 65 Brazil 61,5 1926 Brazil §%s 1927 Canada 5s 1931. Canada bs 1952. ... Canada 5351939, . Chile 65 '60. Chile 6s'61. Chile 7s 1943 Chinese Gov R Colombia 6s Jan'l El Con Pow Japan 7 Copenhagen 4%s 53 Copenhagen Czecho 8s 1 Czecho 8s 19 Denmark 6s. m, 9815 109% 109% 104% 1047% 103 108 1 103% 103% 2110 110 110 7 100 99% 100% 4 105'% “106% 105% 24 1074 107% 107% . 16114 114 114 5 106% 106% 1061. Ger Am Bank 7s. 7 99 98 98 Ger Gen Elec7s.... 2 102% 102% 102% Greek 7s.... . 1 98% 98% 98% Haiti 6s. .+ 10 99% 99% 99% Hungary 7% 10 102 102 102 Irish Free State 5s. 11 96% 96% 96% Italy 7s..... Italian Pub § Dutch Iast I 6s 62. El Salvador 8s '48. . Finland 7s.... Framerican 7% 8. .. French 7s. . French 734 German 7s 1 103% 92% 921 30 101% 101% 101% 2 100% 100% 100% 6 100% 100 100 22 224 23% 35% 35% 91% 91% 102 102 9 100%100% 100% 3 105% 105% 105% 9 94% 94 94w 7 94 94 94 5102% 102 102% .12 9% 9T 97 1101 101 101 1102 102% 102% Norway 68 1044.... 1 102 102% 102% Norway 638 1952.. 5 102% 102% 102% OrientDevdeb6s.. 1 984 98% 98k Paris-Ly-Med 65... 12 991 99% 994 Paris-Ly-Med 7s... 16 104% 104% 104% Peru 6567 wi. 17 914 91 91 19 102% 102 102 22 107% 107% 1074 Mexico 4810 asnt. , Milan 8%s. Montevideo 7 Netherlands . Netherlands 6s42.. New So Wales 57s., New So Wales §8s., Nord 8%s. . Norway 5s 1963 Norway 5%s. . Norway 6s 1943.... ;[ Ches & O gn 4 THE EVENING STAR. WASHINGTON, D. C., (s on_BONDS o ] Received by Private Wire Direct to The Star Office Sales. High. Low. Close. 9 95% 95. . 95 Southwest Bell 5s Stand Ofl N J 68 46. SugarEstOrienteT Tenn Copper 68 "41. TennElecPow 6s 47 Transcontl Ofl 6 United Drug 58 53 U S Rub 1st rf 5s.. U S Rub Tis. U S Steelsfbs.... Utah Pow & Lt 5s. . Vertientes Sug 7s.. Warner Sug 7s 41 Westn Union 638 Westinghouse is Willys-Qv 6%s ‘Wilson & Co 1st 6. WinRepeatAr 7 E Yngstn S&T 5swi. 21 RAILROAD. Atchison adj 4s. Atchison gen 4s. . 100% 89% 93% 94 85% 95% 94% 98% 96% 99% 1 Brooklyn Elec 6%s. 4 Brooklyn Elev 63s 10 Bklyn Mannat 6: Buft R & Pitt 4% Can Nat 4158 30 Can Nat 4%s 57 Canad Pac deb 4s. Can Pac 4165 46. . Central of Ga 6s | Central Pacific 45 9 Cent Pac 18t 58 90.. 11 104% Chesa Corp 5s wi.. 32 99% 8. .. 12 99 Chi & Alton ChiB&Q 1strf CB&QIl3%s Chi&E 111 gn o8 ©hi Gt West 4859, , CM&StPgn8y. CM&SLP ret 414 s, 99% 110% 1024 80% 95% 947 100% 2 1024 3 80% 15 96% 2 9% 4 100% CRIPac 4%s Chi Un Sta 43%s. ... Chi Union Sta 6%s. Chi & W Ind cn 4s.. C&WIbks 62 CCC & StLrf 68 Cuba Nor 5% cf Del & Hud 1strf 4s. 10 94% Del & Hud 5%s.... 2 104% Den& RioGends.. 9 92% D&RioGIimpGs.. 48 96% DRG& Wst5s'78 36 95 Erfe 1st cons 4s. 26 Erie conv 4s A Erie conv 4s B Brie cvt 55 67 w1 Erie conv ext 7s. Erie & Jersey 6s... Erie (Pa) clttr 4s FlaEast Cos 74.... Grand Trunk 7s.... Gt Nor 434576 D... Grt Northn 43%s E. Great North bs. 17 82% 1113 1 99% T 84% 84 84% 14 8T% 874 SILVER QUOTATIONS. NEW YORK, November 14 (#).—Bar silver, 58. Mexican dollars, 437 First Mortgage Loans Mortgages Investments JAMES Y. PENNEBAKER Main5328 1520K St. N.W: First Mortgage " and : Construction Loan Applications Invited at 5% Glover & Flather 1508 H St. N.W. Main 1753 REAL ESTATE LOANS 5%% Homes, Apartments and Business Properties District of Columbia and Nearby Maryland-Virginia 3-5-10-Year Terms Rio de Jan Rio Gr Do Sul Rome 6%s. Lowest Rates of Interest and Commission Sin Paulo City o lao Paulo 1950, Thomas J. Fisher & Company, Ine. | 380 Taiic 2107 Seine 78 42, Serbs Crot Slo 8 Shinyetsu 6852, 1 106% 1083 100% Fragus 8106 105% 106 nelbe 13 104% 108% 103 RhineWst BB 45's3 21 911 91%6 11 | RhineWst EP 68'63 83 94} 931 94 Rio de Jane!; .4 96 95% 96 7108 105% 106 6 106% 108 106 ... 36 921 92 92y 2 11T% 1% 1T% 2 107% 107% 107% 99% 99% 104% 105 9% 974 5 01% 91% 91% 10 99% 991 991 4104 103% 104 7 102% 102 102 9105 103% 105 2 110% 1104 110% 10 90% 90% 90% 7 118% 118% 118% 10 104% 104% 104% Yokohama 68wi... 2 95% 95% 95% MISCELLANEOUS. mAgriChem 7%s. 4 104% 104% 104% h 8mlt & R 18t 100% 100% % 104 104 99% . 991 2 104} 104% 104'% + 60 106% 106% 106% 6108 107% 108 Solssons 6s. . . Sweden 51%s. Sweden 6s..... Toklo 5% s 1961 Utd Kingm 538 29, 3 Armour&Co 4% Armour Del 53 2 Atlantic Refin 102 101% 101% 150 147% 148 106% 106% 10614 101% 101 101 2 101% 101 101 102% 102% 102% 105 104% 105 329% 324 829 Bush Term Bldg 6s. .5 103 108 103“' Certain-Td6%srcts 5 89 88 89 Chile Copper 58.... 20 96% Colon Oil 6s '38 Col Gas&El deb b Con Coal Md 1st bs. ConGas N Y 6%s.. Consumers Pow bs. Cuba Cane 8s. . Cuban Am Sug Denver Gas bs. a2 100w 106 a 104% 104% 104% 4% TdH TN REY 104 108% 104 . 4101 100% 100% DetroitEdisontsd0. 1104 104 104 Detroit Edison 6s.. 4 108 .107% 108 Dodge 6. . .+ 240 105%-104 104 Duquesne 448 67.. 20 100% 100% 100% East Cuba Sug 7%s 12 90% 90 90% Gen Asphalt 6s 36.. 3 100% 108% 109% 62 103 102% 102% Goodrich 6% 8.107% 107% 107% Goodyear 58 .« 44 93% 98 93N Humble Ol 5s. 11 100% 100% 100% Humble O & R5%s. 8 102 101% 101% Illinois Bell 1at b 1 104% 104% 104% Inland 8tl 4%s 7 94% Intl Cement §s.48 99 31025 102% 102 Int Paper om 47 16 95% 04u 98% 111 Cent 4552 Il Cent ref 4: Il Cent 4% 66.... M lDl Il Cent Chil’nl o4 984 I1-C-C-StL&NO 6s. 7 10(% Int Rapid Tran bs.. 15 7% Int Rap Tr s stpd. 13 77% Int Rap Trans 7s 10 100 Int&GtNoradj 6s 52 7 92 Int Ry CA6¥%srct, 3 97% Iowa Centrfds.... 2 11 Kan City Ft 8 4s Kansas City 8 bs Kan City Term 4 Lehigh Val cn 4s. LehighVal con 4 Long Isrf 4s 49., Louis & Nash 5%! Man Ry 1st 4s 90 Market St 7s 40, Mil El Ry & L 58 61 MStP&SSMbGs3sgtd. MStP &S8SMiks. 7 936 Mo Pac 58 F Nassau El 4s 51, NOTex&M 4%s 56. NDTex&M IsA.. Centrf 58 Cent deb 6s.... 10 107% & StLdeb4s.. 5 96% IIIIS!L a’/glA. 18 107% C&StL6sA.. 19 102% NH&H4)%s.. 20 92 NH&H cvdb 6s. 26 118% NH&H clt 6s... 34 1041 NY NH&H db 48 67, 2 T6% N Y State Ry 4%s.. 51 40% NYStateRy 63862, 11 59% NYW&B4%s.... 7 8% Norfolk & W cn4s. 8 93% Nor Pac 38 2047.... 16 87% Northern Pacific 4s. 14 92% Northern Pacri6s, 3 118% Ore Short Lrfs 4s. 31 99% Ore 8hort L en 10 105% Ore Wash 1st 4s 1 00% Pennsyl gen 4% 4 101% Penna R R %563, Pennsyl gen 6s.... 27211:12222 HEa h<'<.<.< Pere Marq 1st Portland El P L Port RL P 68 47 Reading gen 448 A St L IM&S 4s 2 8t L IM&S R&G is. BtL &SF pl 4s BtL&SFr4%s78.117 91% StLS W 1st 48, 4 BB StLSWcondsdz, 1 San A& Arn P ds.. 19 Seaboard AL 4ssta. 3 76 Seab A Liref 48.... 60U | Washington Stock Exchange SALES. C. & P. Tel. of Va. 55—032 000 at 1031%. 0875 wash, ‘Gas 110 at 104% Wash, R, & E. pfd—20 at 100%, 10 at 1007, 20 at 101, Riggs Natl Bk. warrants—65-265 at 320, 135-265 at 320, 1 at 320; 5 at 320, 1 at 320. Lanston Monotype—20 at 118, 20 at 118. Merch. Tfr. & Stge. pfd.—10 at 1072, 7% Mergenthaler Linotype—16 at 10013, 16 at 10012, 10 at 100’2, 12 at 10012, 10 at 100”, 10 at 10034, 10 at 100’ 100 at 100“ 100 at 100%. ‘Ter. & Ref. Whr! Corp.—28 at 504, AFTER CALL. Nat'l M. & Inv. p(d—ZSO at 5%. Pot. Elec. 6% pfd.—5 at 1133;. Chestnut Farms Dairy ptd—b at 109, Riggs Nat’l Bk. warrants—10 at 318. City & Suburban 5s—$1,000 at 96. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid, Asked. & T Amer. Tel. & Telza o ;P Tel. unplm Traction R, R. 5s. & Suburban_ 5s.. Gearactown Gas 1t 55 Potomac Electrie 1st Potomac Elec. cons. 3 Potomac Elec. 6s 1963, Wash.. Alex. & Mt. Pash: AleE S 20 . Wash. i Wash| Barber & | Champerla hestni Gneyy Chase, Slub 815. se Clu s ot Jopnt Stock Land Bank 55 \:‘uh Mkt Cold Btorage 3s... Wash: Sows, Thtle Co. . Warhman Park Hotel 57is. STOCK. PUBLIC UTILITY. Amer. Tel. & Telga Capital Traction Co & 102 104% c Wash. Rvy. & Elec. ¢ Wath: BV & Eiec. pid NATIONAL BANK. National Capital . 3 mbia ... TRUST chPAl 5 American Secur. & T Cg:'mnentll Trust erchants, Bank ational inks’ nion Washingi BAVING! BANK. ank of Bethesdn, ommerce East Wuhmxmn otom| " Security v, Sevenith Lhreet FIRE INSURANCE. American Corcoran . E‘l(mhll Union. TITLE INSURANC Columbla Title. Roe TS oo i Wash “cons ‘Flite nid MISCELLANEOUS. Ross, Inc.. com . Sies. e ity Sto ony. il ol é“-?‘:gf;‘%‘,fl:. it FOREIGN EXCKAIGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold "“"zle. checks or ndon, pound ris. franc. [:f Pre © Warsow, Zioty Copenhagen, crow Os! Stockholm, crown.. - 7 TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) n'“ie“.“""”ma %u k3 303 16 5. 9930-; i T332 98 24-32 -32 99 24-32 England hu more than 2,500,000 licensed radio TURKEY RECERTS ON INCREASE HERE Dealers Report Heavy Gain in Supplies of Birds for Holiday Trade. Receipts of turkeys for the Thanks- giving market show a steady increase.| They are not coming in large quantities, however, and dealers believe heavy shipments will not be well under way until early the coming week. Prices this morning were the same as prices quoted yesterday. Fairly heavy receipts of chickens. ducks and keats also were reporied this morning. Dealers also have re- celved large quantities of rabbits, but the quality has not been up to standard. Opening of the. gunning season in Virginia .tomorrow morning is expected {o result in heavier receipts and better quality rabbits. There were few homegrown tomatoes offered the retail trade this morning. They found slow, sale, however, the California_sfock being of such good quality and selling at prices dealers can~ Siaer cheap. Thirty-pound boxes of the California products were offered .at $3.50. 3 Florida Vegetables. Florida vegetables are gradually be- coming more plentiful. -String beahs, peas, squash and cucumbers are.in- cluded in the Florida shipments, and dealers expect tomatoes from there early next month. Dealers this morning received fe-' ports from the Norfolk, Va. trucking section telling of immense quantities of | spinach and kale ready for market, be- ing the second or late Fall crop. 'Grow- ers are not gathering crops to any great extent, it is stated, due. to low prices. Homegrown kale and spinach were quoted at 75 cents and $1 a bushel basket this morning. Brussels sprouts, 32-quart crates, New York product, were quoted at $6 and $7 today, Mushrooms, 3-pound baskets, sold at prices ranging from 75 cents to $1.25, according to quality. New York celery is plentiful at $3.50 a crate; cucumbers are $4.50 and $5 a bushel and peas were quofed at $4.50. Spanish melons, something on the order of casabas, have reached the local market. They come eight to the crate_end were offered this morning at $5.50. There are still. plenty of casabas in market, but Honeydews are getting scarce. Apples continue plenti- ful, oranges are more plentiful and only moderate receipts of pears were re- rted, Prices of most commodities this morning were about the same ds prices quoted yesterday. Today's Wholesale l‘rlcel—Jobbers Prices Slightly Higher, Butter — One-pound - prints,. 51%a 52%; tub, 503;a513; store packed, 30032, Eggs—Fresh, selected, 48a50; hen- nery, 53a55: current receipts, 46a47; storage, 33a35. Poultry, alive—Turkeys, 40a43; Spring chickens, 30a32; Leghorns, 27a28; fowls, 27a28: roosters, 19a20; keats, young, 60a80; old, 30. Dressed turkeys, 45a50; Spring chickens, 38a40; Léj horns, - 37a38; capons, large, =32ad! small, 30a35; ducks, 30a32; keats, young, .00. 22a27; lamb, 20a25: pork loins, 26a2’ fresh ' lambs, 22a23; fresh shoulders, 18a20; smoked hams, 25a27; smoked shoulders, 21a22; bacon, 22; lard, 1 415 Live stock—Calves, 15a16; lambs, 13. Fruit and Vegetable Reviéw. The daily market report on fruits and vegetables (compiled by the' Market News Service Bureau “of A‘flcmmn Economics) says: Appleu-—sup lies liberal; demmd imoderate, market steady; boxes, Wash- ington, medium to large size extra tancy Delicious, 3.10a3.25; extra ‘fancy Staymans, 2.50a2.75; extra f: Jon thans, 2,25a2.50; buxhel bnkeu Mar land and Virginia, U. Il inches up, Staymans, l.25| 50; U S No. 1, 2% inches up, 1.5081:60; few fancy, higher; U. 8. No 1, 215 inthes up, Grimes, 1.2521.50; ly 1.50. Cabbage—SuppHes medemw- demand light, market steady; New York, 90 pound sacks, Danish - type, 1.60a1.73; 100-pound sacks, Danish type, 1.75a1.90. Celery—Supplies moderate; . demand light, market about steady; New. York, 25 crates, 2.50a3.00; few fancy, 3.25; Cl.lélomll, crates, 5.00a5.50; few high as_6.00. Lettuce—s:ipgues moderate; demand moderate, market about steady; Cali- fornia, crates, Iceberg type, 4-5-dozen, 4.75. nlonr-slfi)pllea llzht demand light, | market stea Michigan and New 2 | sacks, Russet Burl 2.7523.00; the 30013 25‘ poor to. fair condition, 75a WEDNESDAY, NOVEMBER 14 1928 | bankers, - bakers, -2:502.75; jb\n & Maine, .120-pound sacks, Green Mountains, U. 8. No. 1, few sales, 1.8522.00. Sweet potatoes—Supplies moderate; demand, moderate, et steady; East Shore, . Virginia, cloth-u;,p barrels, yellows,” No. 1, 2.65a2.75; North Caro- lina, cioth-top barreis, yellows, No. 1, some small size, 2.25a2:50; nearby mry- land, bushel baskets, Nancy Halls, No. 1, 1.25a1.50. Cucumbers—Supplies very light; de- mand slow, market steady: Florida, square bushel crates, No. 1, 5.00. Squash—Supplies llght demand slow, market steady; Florida, pepper crates, whlt! 5.00. String beans—Supplies lkht demand | light, market dull; BMI Carolina, | bushel hampers, green, 4.50a5.00. Peppers——supn lies llxht no shipped- in stock on the market. Cauliflower—Supplies liberal; demand moderate, market about steady; Oregon, pony crates, best, 1.50a2.00; poorer, low as 1.00; Long Island, crates, 2.40a2.50; few low as 2.25. Eggplant—No supplies on market. Tomatoes—Supplies light; demand light, mnrket dull; California, lugs, ripes, apped, medium to large size, 1.5( Oranges—suppllel moderate; demand moderate, market steady; Florida, boxes, seedlings, medium to large size, No. 1, 4.5024.75; No. 2, 4.00a4.25, mostly 4.00; small size, No. 1, 3,75a4.25. Grapefruit—Supplies light; -demand light, market steady; Florida, boxes, No. 1, 3.75a4.00; No. .25a3.50. Brussel sprouts—Supplies moderate; demand moderate, market steady; Long Island, 32-quart crates, 6.50; few higher. Grapes—Supplies moderate; demand moderate, market steady; California, lugs, Flame Tokays, 1.50a1.65; ordinary to fair quality and condition, 1.00a1.25; lugs, Malagas, best, 1.25a1.50. Money Shipment to Ecuador. NEW YORK, November 14 (#).—Na- tional Bank of Commerce of New York is shipping to Guayaquil, Ecuador, 2,- 208,000 five centavo nickel pieces, val- ued at approximately $22,000. S e o Trading Right Granted. NEW YORK, November 14 (#).—The New York Stock Exchange will permit trading on a when issued basis on and after Noyember 19 on Royal Dutch Co. New York share rights for subscrip~ tion to additional New .York shares, in ratio of one new share at $15 for each five shares held. FINANCIATE! WRIGHT, SLADE & CO. Members New York Stock Exchange Chicago Board of Trade Stocks and Bonds Bought and Sold for Cash or CARRIED ON MARGIN The Mayflower Hotel Connecticut Ave. at De Sales St. Telephone Decatur 370 Resident Partner Offices New York Warrenton, Va. Paris, France NLIMITED F unds for LOANb On Improved lReal Estate Nearby Maryland. Virginia and the District of Columbia For Periods of 3,5 or 10 Years T T T TR AT Low lnt~ex'—e-.st Rates and Charges BOSS=MELPS Founded 1007 1417 K St.” ' Main 9300 Loan Correspondent John Haocock Mutual Life Insurance Co. A S OLDEST National Bank in District of Columbia York, loD-Found sacks, yellows, U, No. 1, medium to large size, 4.25a4. 50 Potutocs—supplles moderate; demand | moderate, market steady; Pennsylvania, lso-pound sacks, round, whites, U. No. 1, 1.75a1.90; New York, 150-pound sacks, raund whites, U. 8. No. 1, mostly 2 00; Michigan, 150-pound saoks, Rysset als, U. 8. No. 1, branded, 2.10a2.25. EEEE—HEE—EEIEEI ; -pound box Russet Bu Capital and Surplus $3,000,000.00, Growing | Family of Depositors N ew luuq Madison Was in the White House —when this bank began business, back in 1814, Metropolitan has the accumulated experience of over one hundred and fourteen years to draw upon in meeting your banking requirements. More than that — it evidences stability, permanence, strength — three things you've every right to demand, whether a large depositor or a PAYDAY Savings Dept. patron. One Dollar or More will Open a Savings Account. OPEN UNTIL 5:30 P.M. TOMORROW NationalMetropolitanBank 15th Street, Opposite U. S. Treasury That means the Capital Surplus and Undivided Profits $250,000 ' JONES COLD STORAGE & TERMINAL CORPORATION First Mortgage Leasehold 672 % Gold Bonds (With Common Stock Purchase Warrants) Dated November 1, 1928 lmn-: oagable May 1 Refund of State, C d Municipal nd o e, County sod Menioipal Due November 1, 1938 per 1. Releemable a3 o whole or n part on any date upon 60 dase’ potice, st oa' et ‘aterest) ‘ios Dremium of 1 ‘of 1% for each Year o matarity. Tax pot escesding 5% mills ip the agxregate. Interest payable withou fon for normal Federai income tax ap to 2% SEABOARD CITIZENS NATIONAL BANK OF NORFOLK, VIRGINIA, Trustee ‘hese Bouds will carry detachable Stock Purchase Wacrants entitling the holder to purchas: Common Stock of the Company in the ratio of 25 shares of stock for each $1000 of Bonds at the following prices: $10 per share from Nov. 1, 1920, to Nov. 1, 1031 & per share from Nov. 1, 1933. to Nov. i, 1033 815 per sbare from Nov. 1, 1981, to Nov. 1, 1933 $23 per share from Nov. 1. 1035, to Nov. 1. 1038 The following is summarized from the letter from Mr. Arthur P. Jones, President of the Company. to the Bankers: _COMPANY—The Jones Cold Storage & Terminal Corporation was mcerponted in October. 1928, under the laws of Norfolk. Virginia. the State of Vi Company, Incorporated, and to oper: ginia, to succeed to the business of Jones & a modern cold storage plant in the City of . SECURITY —These Bonds are the direct obligation of the Company and, in the opinion of counsel, will be secured by a first closed mortgage on the leasehold and all other fized assets now owned or hereafter acquired by the Company. Based” on the contract cost Prompt Replies Randall H. Hagner & Co. (Incorporated) Decatur 3600 1321 Connecticut Avenue Mortgage Loan Correspon New York Life Insurance Co WW Second Trust Notes « We will buy your Second Trust Note if desirably secured .on.im= proved property in the District of Columbia, SeabAl ady 6 1949 13 Seab A L con 65. 8B All Fla 68 3 Sou Pac 48 29, Sou Pac clt 48. Sou Pacific ref 4s Bou Pac 4 ¥ rots. . Sou Ry gen 4 Sou Ry Cop b Sou Ry 65 56 Sou Ry 6148, 4 Hou Ry Mo & O 45. Term Awxo 8 L 48, Tex & Puc 5B 1077 Third Ave ref 45 60. Third Ave adj b8 Union Pac 1st 45 Union Pac 1st rf & Union Pacific 45 68. Unlon Pac 4% 67.. 10 2 o of the plant, Messrs. Whitman, Requardt & Smith, Engineers, have estimated the value of the Company’s fixed assets (exclusive of the value of the leasehold and purchase option), upon completion of the plant, at $550,000. This is equivalent to $2,200 for each $1,000 Bond. The compltion of the plant wil be guaranteed, by a bond writcen by one of ‘the leading surety companies. §L 1 EARNINGS—Messrs. Whitman, Requardt & Smith, Engineers, have conservatively estimated : the annual net earnings after depreciation at $68,400, which is equivalent to more than 4.2 times the interest requirements on this issue of Bonds. Such earnings, after the deduction of Bond Interest and Preferred Dividends would be equivalent to $2.91 per share on the Common Stock. MANAGEMENT—The management of the Company will be in the hands of men who have been conspicuously successful in the warehousing and storage business in Norfolk and who own substantially all of the Capital Stock of the Company. Application will be made to list these Bonds on the Baltimore Stock Exchange Thése tonds are atisred when, us and 1 issued und recelved by us and subect to teabproval ol our Cousses efinitiy Bonds are expected to be ready for delivery on or about November 20. 1428, _Legal détails in conneetion with thisissue will be Dassed on by Nedors. Maon &1 sjor of Norfolk Virginia for the ¢ ey a0 by MGnE e Oote FUNS & s ‘or he Bankers. ‘WE RECOMMEND THESE BONDS FOR INVESTMENT Price: 100 and Interest to Yield 6.50% J-A M. Tglehart & Co. Investment Banhers 1 MEMBERS BALTIMORE STOCK EXCHANGE 102 ST. PAUL STREET, BALTIMORE, MD. WASHINGTON WILMINGTON Over 50,000 individuals carry ac- counts here, and this huge family" of depositors is grnwln% steadily. ¢ Ample evidence that this strong old bank provides service an safety of exceptional character. {Your PAYDAY deposits can have no better guardian. Open Until 5:30 P.M, Nov. 15th and 16th Inter Paper 8s. Int Tel&Teleg 412 5. Kayser J & Co 5%4s. Kan City P & L 58 Kan G & I 68 Kelly-Spring 8 Laclede G 5%#52. . LlEIal&Myerlfnlbl. Lorillard 5s. Lorillard (P) Al ManatiSug 8t 7%s. 25 99 o8% 99 9 96% 96% 96% 57 124% 122% 1233 15 104% 10414 104% 11054 105% 105% 4110k 110 110 & 104% 104% 104% 4 102% 102% 102% 15 881 81% 83 4 105% 106% 105% 4 04 93 94 18 1054 105 105 11 100% 100 100% 2108 103 108 2 101% 101% 101% 18T 8Ty BT 8 107% 107% 107% 3 105% 1054 108% 1 115% 115% 115% 1107% 107 107% 4 101% 101% 101% 7107 106% 108% 6 100% 100% 100% 8 108% 102% 108% 13 103 102% 102% 5 106 105% 108 8 107% 107% 10T% 1104% 104% 104% 5 100% 100 100% 1180 7% 80 20 160 9% 21 04n 94% 9R% ORN NN 21 91 97 97 5 08 L) o8 Public Servlce 4% 774 15T 155% 165% Puntu Alegre 7a 396 06 08 RemingtonA: 6532, 9 100. 9% 100 Rem Rnd 6%s war, 0" 93% 931 98k Simms Petm 68 '20.208 1027 100% 1011 Sinclair 11 65 ) 100 994 100 | crued dividends on the preferred prior Ninclafr Oil 6%a... 4 101% 101 1011 | to August 1, 1 at the rate of one- Ninclair il 7s..... 21 103t 103 103 tenth share of common stock for each Sinclair Crude 51is. 44 97% 97% 97% $1 accrued dividend. 4 Deposit Boxes at Moderate Rentals Mont Pow 5s ¢ Mont Power Mor's&Co 18t 4% NewEnglandTel N Y Edison 58 ¢4.., N Y Edison 6%s. .. NYGELH&Pbs 102 63% Same Rate of Interest Paid on Large and Small Accounts Nor Ohio Tr & L Pacific Gas & El 5s. Pac T & T Bs 52, Pan-Amer Pete 6. Pan-Amer Pete T: Paramoilnt 65 1947, Kxohange Ts. LEY A. P. IAVA -y . e o ¥1t§l et%;s "‘"“‘n&% Nk WA National Savm s & Trust Cq. Oldest Savings In-muuon in the District of Columbia Q’,’;‘: ‘ Cor. 15th and New York'Avq. o] ———o]———}lo]c——=lol——< Western Md 5% Waestern Pacific 68, Wis Cen, gn 48 49... —t: Stock Increase Propos NEW YORK, November 14 @ — Stockholders of the Apollo Magneto Corporation of Kingston, N. Y, have been called to @& special meeting No- vember 22 to vote on Increasing the common stock from 100,000 to 150,000 shares, Preferred stockholders are to receive 25,8052 shares in lleu of ace MAKH Prompt Attention to Applications 0 Philips Petro 6% Por Ric Am Tob 6. National Mortgage & Investment Corporation 1004 Vermont Ave, N.W. Main 5833 WILKES.-BARRE The statements contained In this a reliable and were used by us CLARKSBURG RICHMOND ertisement are based on information which we regard as basis for the purchase of the bonds o3 os own account. | fl @ 4| A |