Evening Star Newspaper, November 15, 1928, Page 15

THE EVENING STAR, WASHINGTON, D. C., THURSDAY, 'NOVEMBER 15, 1928 i - FINANCIAL,® L | e FINANCIAL. * SCARCITY OF FISH | Coxmrrrome_BONDS s ] (ONVERTIBLE BOND “ 1 e conrmue irect to The Star O Sales. High. Low. Close. Sales, High. Low. Close |Southwest Bell5s.. 4 104% 1041 104% Expowm e S U 1 Washington Invest- ment House . desires salesmen for High Grade Banking and Public Utility stocks. Commission, with drawing account to those making satisfactory record. G. M.P. MURPHY & CO. New York WASHINGTON Richmond Lib3%s... 65 9917 9915 9915 |StandOlINJ 58 102% tober were $555.000,000 and imports for Lib1st43s 8 10029 10027 10029 |SugarEstOrient 96 e Same month were $357,000,000, giv- Lib 4th 4%s 59 ‘33 12a lggfal 1&9:; ?rmnEMPlo(‘)" {gm ) ted i ing this country a favorable trade bal- 1 ranscontl Oil 6 ance of $198,000,000. 3 10420 10420 10420 98 Unusual Advance Noted in 29 10714 10712 10714 89% 20 11224 11224 11224 D. C. Dealers Say Storms Along Atlantic Coast Have 10| Speculative Issues DUring | exports for the 10 months ending with New Yorl; Stock Exchange ; 10m% October at $4,113,692,000 and imports 4 vew | # FOREIGN. g 100% Recent Trading at $3,427,069,000, giving the United Apply in Person Washington Stock Exchange Affected Supply. ArgentineBs....... } % | Vertientes 97 = States a favorable trade balance for ich 2 entes Sug 7s Richmond Stock Exchange Argentine 65 Ju 5: 99% | wroct Elec 5 108 that period of $686,523,000. Between 2 and 4 P.M. s Argentine 6sOct 59 9 100 100 100 | ooty nion 5 103% Du October of this year the Suite 200 Chicago Stock Exchange Storms along the Atlantic coast early | ATESTUIne 25 ' Westn Union 614 111 BY CHARLES F. SPEARE. United States imporied 14,310,000, in uite 200 New York Curb Market .| Westinghouse 5 104%4 | special Dispatch to The Star. gold and exported $990.000 Southern Building this week affected the fishing industry | Argent and resulted in a scarcity of fish. Later [Australia 4%s 4 fishermen to resume operations, and|Austria7s, while fish were not really plentiful this | Bank of Chile 6% 310,000 and silver | Witson & Co tat 101% “NEW YORK, November 15.—The im- fi%‘?&“{%figgfi % % | WinRepeatAr 735s. * | portant movements in bonds today Were:“"iryo"amount of exports shipped from 4 | Yngstn S&T 5s wi. 28 100% 100 100% lg“‘;. in ‘the wnverz,lmud thM:e”:freg the United States in OtwberhOf tc})]fl: by the prices current an I ar, $555,000,000, was greater than thal - RAILROAD. weck or 5o ago, this group of speculative | Yot 33 S0, O e Mauaty | " BT e FINANCING 1508 H Street Connecticut at K 91 Ol Sai;|issues, both domestic and forelgn, has| gy, & 101% Copy of our “Fortniohtly Review” om Request Vi | Belg morning, it was reported supplies were | SEIE{ & 7 Joons B9 80 8 |had an extraordinary advance. . e et — Main 9600, more than ample to meet demands. Belzium 7s 19 94 108 107% 108 | Atlantio C L ol 45 o: 92 92 The Andes Copper 7s rose another 7 G0 DAIRY MARKET : Not many fish have been received | Belzium 7s 19 27 106 105% 105% | A tjantic C L 1st 45, 94y 94 94 |points from yesterday's close before CHICA it Private Wire and Telephorie to' New York from Potomac River netters the past|Belzium73s 14 115% 115% 116% | A¢1'6 Daw 16t 15 1. 1. 76 76 76 |midday and “around 184, compared | cprcaAGO, November 15 (P).—Butter st & ( 7 70 70 |with 167, at which they were quoted| pigner: receipts, 3,678 tubs; creamery Belgium 8s. 94 931 93| at the opening yesterday. Fiat T |oyiras 49; standards, 47%; extra firsts, 3 110% 1099 few days, according to reports. and|po;fiin'gs 13 110% 109% 110% | A1 & Dan 2d 45 48 13 106 105% 106 1 ] prices were not especially cheap. Rock- | Bordeaux 6; 4 100% 100 " 7 | were up 4 points and 16 points within 1,a47; firsts, 44a451,; seconds, 41a43. fab, very scarce, were quoted at 28 |BrasilO%s1536... 10 961 96% B o e | two days. Pirelli 15 gamed 3 points. | 40Tt SIS MTE0 €T 000" cases: TRUST MO cents, cArp at 20, perch at 10 and cat~ | Brazil far s v, 4 1000 100 s eatiuia abased o | e S e e ’ . 4 5 b 15 105% 105 105 | est nary firsts, 28a35; refrige , . fish at § cents. Brazil s, 15 109 108% 108% | these Ttalian industrial _companies, | 32: refrigerator firsts, 31. apartment : . - North Carolina fishermen supplied | Bremen State 7. 8102 102 o3 109w 109% 109% | Chich have had a sharp advance late- | °~poultry. Alive, steady; receipts, eight 0:, homes, apartn S AP E FIRST MORTGAGES uantities of kingfish. jumping mullets, |Canada 58 1952..... 19 105 ~104% 8i 54 e |Iyin thelr ome markets, o L |ears; fowls 26 Springs, 25826, roosters, | buildings and business - ounders and trout, the kingfish, cheap- | 3 8 100% % A er conve: 20; turkeys, 30a38; ducks, 17a23; geese, ) 3. 3 7 3:;2 ;:;2 ;fl/z leisurely, but showed a strong trend, |20 ot properties. No apprai 15 93% 981% 93% | Brooklyn Bl i ) 16 s 934 9% | Drookivn Blev Hrl YA were Public Servie of New Jersey 414c i Ve 2% | Bklyn M eoe 98% 99 |u H lon " 68, s - 1§ 1080 102, 10| kiyn Manmacem. . 24 99 08 89 | UD B eent G5, On the roverse| TREASURY CERTIFICATES. side was the decline of @ point in Ten- | (meported by J. & W. Selizman & Co) || Real Estate Mongage ! THE PRINCIPAL arormBuiinman~EaRnse S 8 S 3 S S est of the assortment, selling at 12 cents. ‘Trout brought 22, flounders 18 and the mullets 15 cents. cl Crab Demand Subsides. sal fee. Prompt service. i Can Nat 41:5 30 Coj 6s and of 3 points in |Rate—Maturi B ffer. Frozen halibut was quoted at 20, cents, 5 OLK 90X GL o Nat (86T e po Tt Dec . i928....... 9921-32 9930-3% ! . the brice Brougni ot froven“and SCD.E0L AT 8 0, 8O Eh | can N 4 Liquid Garbonl g, vit AnseendaCop: e B 1t i 8280/l & Guaranty Corp. .} - ~ZZ IS SAFE ceived from Boston was quoted at 20 Czecho 88 1951..... 9 110 109% 110 Ousinl Noth 12" day, and Brookl)'n Unlon Gas 5,5 was | 3788 Mar. 18 1% - B3R B 24 Jackson Place Main 1403 ! cents. E‘"{‘fl Munic 8sA. 3 111 }is% 110% | Ganad Pac deb 4 opened dovgl‘g?“,, );loinu. 4 Sisa ;:/‘5 Sept. 15 1029 109 ;g.g 100 19:32 b anish Munic 8s B. 4 110% 110% 110% A new price was reached on [34s Mar. 15 - - : _ Dealers report an absence of demand | poppgyy g5, , 15 1047%104% 104% | Sent Pac 1st 5s 0 Denver & Rio Grande Western general |3 . 1933 Ld xS for hard crabs, and crabbers are ship- % 103% 103, 103 | ChesaCorpbs wi., 23 4 103% 103 1osy | Chea & Qv 4% s, 48.. 9 110 109% T10 | Chi & Alt 3%= ctfs mortgage 5s at 97. This is an advance of 10 points from the low of the year. On February 1, 1929, interest will be payable on this bond, with a large accumulation covering_the period prior to that time. Rock Island 4l3s were strong and now stand 4'; points above the low of the Sumnier and about 2 points under the high of the year, com- red with a recovery of 4 points in g:lsco 4158, which are still 8 points under the year's best figure. In spite of the easier trend in time money, prices for high-grade bonds showed little change. There were some strong features, such as Standard Oll ing practically none to the local mar- | puich Fast 1 6« et. Crabmeat was plentiful this morn- | ing at 20 cents, but the demand for | E! Salvador it was slow. Finland 5 . 10 91 91 91 CB&Q4%sT7 Oysters_were plentiful and of good | Finland 7s. .+ _4 100% 100% 100% | Chi B & Q 1st rf 55. quality, Shell stock was quoted at $2 | Framerican7is... 12 106 105% 106% [CB & Q1113 2 a bushel, Standards brought $2.25 and | French 7s. . 32 107% 107% 107% | Chi&E 11 gn 55 12 selects $2.50 a gallon. French 7%s 9 114% 114 114 |ChiGt West 4s59,. 13 Slightly cheaper prices for chickens | German EiI P 1 94% 941 9415 | ChiM&StP41,sC89, 10 was the: interesting feature of the|German7s... 24 106% 106% 106% | CM&SEP ret 435589, 13 poultry market. Live chickens were|Ger Am Bank 7s 5 98% 98 98 |ChiMilSP&Pacss75.101 quoted at 28 cents, & drop of from 2|Ger Gen Elec 7s 9103 102% 103 |CMSP&Pacadj5s03.325 to 4 cents, while dressed stock was|Greek 7s. 16 99 98% 99 (Chi&NWgends... 1 quoted at' 36 and 38 cents. Haiti 6s. 4 99% 99% 997 |ChiINW 43%s2037.. 1 A continued firm condition of the|Hungary 7%s. 4102 102 So, of course, the investment is sound. Our 5 4 Third 6%, FIRST MORTGAGES - cofa Century 2 Without a —offer one of the most attrac- 3% paid on "W 51 or niore butter and egg market was reported. | Italy 7s. ... 90 974 96% hich sold at ) wil i iti Strictly fresh eggs continue scarce, but | Italian Pub § 7 of New York 4%s. whids sojd ot ep2 Savings : o - ill open d Loss tive opportunities for large or storage eggs are plentiful at 33 and 35 J.u;:..u‘.s ' S de proximately their best price of year PP g . 13 924 92 92 ally of & points, This = : y 1 36 1015 101% 101% s e T e accounts : savings acct. was a surprising recoves that hu?\elthnr eonw%ble nor legal privileges and is selling close to a 4.60 basis in a 6% per cent money market. 25 0% 95 96 “;;m%&m.%uth‘vfizg Open Until 5330 PoM. TOday cents. Dealers say it s due to plentiful | Japanese 815 small investors. e Stock te e meaer nt Pricss [Lyon 3 100% 100 100% G & W15%s62.... 1 There was the usual attractive ais. Marseille 6s. ..o 1100% 100% 100% |CCC & StLrf 6sA. 1 plays of fruits and vegetables offered | MXicO4s04asntd. 7 23 221 23 |Colo & Sou 4% 8. ... - i retatiees Eie mom’;‘:n :m. Mexico 45’10 asnt.. 11 28% 23% 23% |Cuba R R 68 ering a 'Wids range: Prices of most ber. | AL1an 6%s. + 19 - 91% - 91%~ 91% | Suba R R 7%, modities this " were % | Montevideo 6 101% 101% '101% | Cuba Nor 5348 of 3 941 943 94y | 000, was the high proportion of stoc! o 0 AR tially the same as prices quoted yester- 15 100% 71004 100% | 1) o v 1sereds. 5 94% 94% 94 to bonds. This feprei:le °£3‘2.““I§' —s0 our many patrons in the departmental service can do day. : = e T i e s e el i | TR L ey o ha ana their Pay Day banking with greater convenience. 1 97% 2 wofi 13;% 13332 96 | continues the tendency that has been DRG & Wst 5518 2: % 94% tly of creating new capital ° l M 1‘ B k 3 loms 10ms somd DRCETATE 2 46 S0 G4 | manked recenty of creating new hhan: || Nationa etropolitan Ban B. F. SAUL CO. Main 2100 925 15th St. N.W. Today's Wholesale Prices—Jobbers’ - Prices Slightly Higher. Butfir—ouemound prints, 51%a523;; Erie conv 4s A. 86 86 86 3 tub,_50%251% ;tgcewgufig.wfinhfi Barinciootea tor. 31 o oy ok |ErlecviBe ST 18 o o7 et O FE G B OLDEST NATIONAL BANK IN DISTRICT OF COLUMBIA . 53a55; "current Tecelpts, '46047; Paris-Ly-Med Is... 2 1044 104 104% | Fla East C58 74 821 824 Heads Machine Company. 15th St. Opposite U. S. Treasury THERE 1S NO SUBSTITUTE . FOR = SAFETY Gr Trunk stdb 6 106% 106% 106% NEW YORK, November 15 (#).— o e s exwcrn o e ——— 1 18 5 9 1 13 112% 112 112 | Herbert W. Stone, formerly vice presi- 2 11 1 alive—Turkeys, 40a43: § i 28; Leghorns, 27a28; fowls, Poland 7 11 87T 87% 1064% 106% 106% | dent and general manager of the U. S. ters, 19a20; keats, young, Pola; 87% 5 nd 8 2 99% 99% 99 110% 110 110 |Hoffman Machine Corporation of New Dressed 45850 | porto Al 1 107% 107% m.,& 113% 118 113% | York, has been- elected president to 28% 28% 28% | gucceed the late Eugene D. Stocker. " ggj: gg gg“fi Pressed Steel Car cde. o(f Pltt:b:’l{g‘h i directors have deferred preferre ivi- : 6 94% 94% 94% |dend action until week after next. 15 100% 1004 1004 | Canadian National Railway has ordered 60,000 Shares RhineWst EP 0 29 102% 101% 101% |Ill Cent Chi 4% 1 98 98 98 |1,000 freight cars from the company. Rio de Janeiro 63%s. 4 95% 95% 95% |IntRapid Tranbs.. 21 77% 77% 77% | Rock Island is in the market for 300 * Rlodohnhl'l“ 4106% 106 106 |IntRapTrbsstpd. 83 77% 77% 77% | tank cars and Pacific Frult Express Moody,s lnvestors Service 2 106% 106% 106% | Int Rapid Tran 4 19 9 79 | for 600 steel under frames. 2 105% 105 Green B & W deb B. 2 105 105* :::* Hud & Man aj s 33 : 16 104% 100 104y | HIud & Manzet5s. 2 9 91% 91 91% | Il Cent ref 4s RhineWst EP 3 43 94 93% 9‘% Il Cent ¢%s . | Queensland 6s ;| Rhinelbe Un 7 RhineWst EP ’ 21 92% 92 92y 9100 9% 99% . . Fruit and Vegetable Review. .. . TR e i S B o ralisin 3 Joe 130 113 |imdoiRoraay enis é ‘§§ -‘22 1% | RADIO MERGER RUMORED. Participating Preference Stock (com] by, the Market nt Ry C Am 68 41.. % 96% 95%| NEw YORK, November 15 (). — . (Without Par Value) ""fiu Int 4 o Eeonorie), ..,.'fm“ e iy S |lowa Cont 1ar Enee 8 305 39 a9y | QEclls of the 'Kolster Radio Corpora; Proferred as to dividends at the rate of 53 per share per annum, and no_ more, cumulative from November 15, 1928, payable Apples—-Supplies liberal; demand 6 91% 91% 91% | Kansas City S 3s 1 7 76 76 |Radio Corporation of Jersey City, N. J., quarterly on the fifteenth days of February, May, August and November in each year, and participating share for share with the ‘moderate, m: steady. Boxes: Wash- 4 98% 98 “"98 |KansasCity S 10.101% 101% 101% | are reported in Wall Street to be nego- | - Common Stock in any dividends paid m any year after the Common Stock: has received dividends aggregating 32.25 per share in # ‘medium to ; 3 2_&] }:";V. 103%108% | Kan City Term 4 1 91% 91% 91% |tiating for merger of these two com- | * any such year.. Preferred in any. liquidation. to the extent of $50 per share and ed and unpaid preferential dividends at it fmcy‘Ddlc’!?'\g. S;Y\::.ub' !hm .w e 05* }sg }8:% h:'- :h‘err: 4831 ; gsv. 98Y% 98 es. It is nl(‘i” t.lu-ei1 lhms‘ or;f og:j the rate of $3 per share per annum, plus any previously declared and unpaid participating. dividends, if any, thereon, before’ ey e g 3 18 110% 109% 110% | Long 1o vt 494 bl oy S e e | any sum shall be paid on the Common Stock; and also entitled, after $50 per share, plus any previously declared and unpaid . U. S2No, 1, 2% 4 99% 98 Loujs&Nash uni ds. 5 95% 95%. 951 share of u‘:”m,'n and . the Fisher | dends, if any, on the Common Stock, has been paid on the Common Stock, to participate, share for share, with the Common . e : tock in the distribution of the remaining assets. Nonvoting except in certain instances, to be provided in the certificate of in- 135; U. 8. No. 1, 3% inches up, Stay- lymans, 9% 5 8% T ki L N 4 2003 mans, 140a1.50; U, 8, No. 1, Sta; A 1 S A es MM Brothers are reported interested in 14 90% 90 Louts & Nash 7s Kolster, g | Rudolph Spreckels, sugaf corporation as amended. 29, inches up, 1.5081.65; U. S. No. 1, | Utd Kingm 5%s 29, 22 magns com- l;;l 40a1 .w“;' o g:: Q‘J:::‘c‘fi: kg 7: }‘1'2% :‘112;’: }35.": :::kl:ty slt- ‘tl: ::o pany. i i i Bankers Trust Company, Transfer Agent Guaranty Trust Company of New Yomrx, Registrar 40a1.50. eamCoy 3 98 98 - 2 Cabtuge__supplies g domand | Yokohama Gwi.. 1 9% 96w ooy | LELRy &LEa¥I. 7 — CAPITALIZATION light, market xrm.' New . York, 100- MISCELLANEOUS. yspessMsagid. 1 99 9 9 Money to Loan | (Upon complation of propesed recapitalization and this inancing) AP D and ? sB...... 13 87% 874 874 : s e PPl et | aar Rk . o6 Job 100 Jové| MoKans e5iu/is 8 054 0l 90is| SOVt e and sommpment Participating Preference Stock (Without Par Value) 1000 She, crates, 3.00a3.25; fair condition, low as |Am T & Tecltr4 991 5‘%:;;31!:55; 7y ‘g }gfl/‘. }8?% {35% Joseph I. Weller &0, Wosh: L. & Tran Common Stock (Without Par Value) ...... ) e e el 1004 | o Paciio genda... 9 TN TOH 10 | — e THE COMPANY HAS NO FUNDED DEBT Tettuce—S: moderate; demand 107% 5: ;“’ g: {;g,‘,' . 2: {33"‘ 133,% log:. - moderate, steady; California, 99% - e Wz I WILL SELL I ; 4 crates, Iceberg type, 4-5 dozen, 4.75. 86 |NOTex&MG5sB.. 5100 100 100 1.400 So. C Granit M. John Moody, President of Moody's Investors Service, has summarized his letter to us as follows: Onions—Supplies light; ~ demand 10 104 104 104 $1, 0. Con. Granite 5 ; 2 2 & z lght, market steady:, Michigan !‘I:: B e 6%2% Bonds HISTORY AND BUSINESS: Stlged with a nominal upxlt,nl of $1 .5mhm 1908, the bun:?:h‘ was lmrpm‘::ed ew . -pound sacks - yellot 4 i in 1914 as a New Jersey corporation. ractically the entire resources of- Company have U. 8. No. ‘medi to large size, 18 107% 107% 107% at $600 under |ts' present name in A ‘15154-“-0 > 3 R - R sg lg;l% 107" 107 Address Box 389-H, Star Office been derived from its profits. hlh“ nefvgr had nhbnnk»loan. and has u(\dulyfinkeadgdl;/na::n nf_tr:t dwcor;'%. Pota moderate;_deman 102% 1&StL 5%sA. 89 107 106% 107 : For the past twenty years the volume of business has increased each year, excepting a slight decrease in the year . T 150 pound: sacks. round. WIS, | Bell Tel Pa 3a ... °5 106k 3oou 2om NYCaSiL aa A 71080 105" 105 | — " Tts activities include the publication of “Moody’s Manual of Investments” (five annual volumes with Monthly vania, 150-pound sacks round whites, | Bell Tel Pa 5s B., 9 = S e : ) U. S. No. 1, 1.75a1.90; New York, 150- | Bell Tel PassC.... 1 Supplements), universally recognized as standard authorities on security investments, both American and Foreign; 33 103 1025 102% [ New Haven4s55... 3 85% 854 85% 1 el R e TR O g Ll L Money Available for h ion of Moody's Rating Syst sed ide by thousands of investors and bankers; and the rende: { 1 mostly 2.00; Michigan, 150-pound sacks | Bethlehem Steel 27 105 NY NH&H db 48 57. 14 5% 175% 76% the operation of ody’s ating System, u as a gul y ! s b Tusset rurals, U. 8. No. 1, branded, 2.10 | Bklyn Union 5%s.. 13 326 »:‘:gg* ;gg NYNH&H 4%s.. 17 91% 911 91% FIRST DEED OF of various forms of investment, analytical and research service to bankers, financial institutions, corporations 22.25; IdeMo, 50-pound boxes russet Certain-Tdslsrcts 8 88% 871 873 | NY NH&Hcvdbés. 1118 118 118 TRUST LOANS individual investors. i e mbets. U B o k| Colon O a8, A0 o7~ 364 . 96% | Y Riata iy 1 September 30, 1928; after giving effect to the italiza . 2.75a3.00; Maine, 120-pound sacks 100% 100% 1007 ) NYStateRy 635 62 On Completed Properties and A'SSETS: A balance sheet of the Cpm ny as at Septem| r 30, 1928, after giving e t_ta:l prbopo.ed rm: - Green :gmmmns U. 8. No. 1, few sales, a3 - amc oo I RERIKIE AT CRNE, [ K CAMe SOML 0836 for Construction Use tion, exchange of capital stock, this financing, and matters incidental thereto, as certified to by kese“"blc N4 £7 0 . . . . ot Puriiies ke | e T . - 18 10m 206 108 B oL T e 10 wh o G Ridosnible Inravent akd Certified Public Accountants, shows Current Assets of $1,179,810.96, including 3963,5‘12‘2145 in cash and m::l tal demand moderaet, market steady; East | Cuba Cane cv 7s Commission Rates securities, and Current Liabilities of 3185.2!4.7_5, a ratio of over 6 to |. Certain assets, i uding the statisti ts Shore, Virglnia. cloth-{op barrels vel- | Cuba Cane ds. . OreBhort Lirfsds, 16 80% 0% o) AMES F SHE A in New York, Chicago, and Los Angeles, :snndmg t{‘peh |;:ed n‘;etehe Jmnlnnp:d of the -;\mul Mnnu‘nln. the m:l' and , No. 1, 2.6582.75; , | DatroitEdisonssi0. 8 104 1031 109y | OFe Short L Gs g J formulae fi i Moody's Rating System, which have been developed over a long series of years, and “Good- loth-top barrels yellows, No. 1, & % Ore Wash 1st 4, . 3 90% 90% 90% . rmulae for carrying on y g y y L d - I ' Small sio hbaiythnd| Boter e et 1o sors 10T 0 | i T ik will”, which in a business so widely known is of large potential value, are carried in the Balance Sheet at $1. small size, 2.25a2.50; nearby Maryland, 3 3 a isi Bushel backete Naney Halle, Nor 1. 195 g:::: :;tm b 104% 104% 104% | Pennsyl gen 4%s.. 53 101% 101% 101% 643 Louisiana Ave. N.W. ; g s F . b 8 108 108% 108% = - EARNINGS: Net earnings of the Company for the periods indicated below, after all charges, and adjusted to give 1.50. Duquesne 4%s 67. . 110 110 110 |NewHaven3%s56. 22 77% 77% TT% Pennsyl gen 58 06 LN A ; 99, 991, 991 | Penna R R 4%s'63. 31 99 99% 99% t : e g B lilfil!H. pres g “‘:."gs';”‘m i Ell:kt g::; Su.z THs 1 91% T91% 91% ;::::z: "5::‘ g: i%‘; i‘;g}: }%f‘ effect to non-recurring items (averaging $144,186.38 per annum), due to reduction of executive salaries, discontinu-~ bushel hampers, fancy, 5008600, | ;0 ety Z :;; 1% 118 | ponngy gola 9 103 1025 102% ance of bonuses to officers and employes, effective October 1, 1928, and advances to the London subsidiary company s damand 3 y ¢ ¥ e t‘hg,fl'f”!fi‘:‘flg{h‘hpm, Cratee. | Gen Mot Ac Cor 6s. 37 108% }83@ }8& Reading gen 4%8A 3 99% 99% 995 Syl for development purposes, and to Federal and New York State taxes at present rates, as certified to by Haskins & white, 5.00. ¢ Fus el B : § Lstup have your applications Sells, Certified Public Accountants, were as follows: A o year 5s rets... jor it . 1, B ol Tty b B v S : LOANS ON REAL | mpe “ RS Sout arolina, bus! peu"(men, [umble 8. 4.00a4.50; few fan her; Florida, | Illinots Bell 1st 5 10 ESTATE Year ended Dec. 31, 1925. . $212,414.29 $3.54 bushel hampers (re?fi,hl‘e‘w sales, 4.50; | Illinois Steel 43 > 5 - Immediate Action Year ended Dec. 31, 192 . 262,880.31 4.38 Norfolk section, Virginia, 5-peck hai Inland St 43%s'78. C T *Nine months ended Sept. 30, 95,723.. 4.93, pers Freen, 500a600; feiw fancy, 6.50; | Intl Cement s 48.. o °“"‘:“'f 3;‘“"‘“‘ & Year ended Sept. 30,1928..... ... 338,691.73 5.64 mpers green, 4.00a5.00. & ur record of 35 years speaks “Pischl Yesr changed to end Sept. 30th, Peppers—Supplies light; no shipped- StLSWistds.... for itself. | iset i D R R . e Al R SebALietin . & son s sou|| P H. Russell C DIVIDEND RECORD: The dividend record since incorporation in 1914 on the old Common Stock outs Caulifiower—Supplies liberal; demand | Int Tel&Teleg 7 o o7 |DWbALadss1ee. 13 28 1% 43 ercy Il. hussell Lo. prior to the proposed recapitalization has been as follows: 1915, 6‘73 cash and 66249, stock: 1916, 200%, cash moderate, market slightly weaker: New |KayserJ & Co6%s. 7 123% 121 121 |SeabALicon6s.... 18 7804 78 78 1731 K St. NW. 100% stock; 1917, 75% cash; 1918, 20% cash and zoz, stock; 1919, 3;473 cash and 663§% stock; 1920, 60% cash: ety e S ey Hew York | Kan O R B SRy . § Jaule 1004 1008 | Bou Pasiént 14 99% 9% 99% 1921, 40%, cash and 20% stock; 1922,1923, 1924 and 1925, 20% cash; 1926, 62349 cash and 30% stock; 1927 (9 pony crates, 1788209, © | elly-Spring s 5 1074 107 107 |Sou Bacelt i -- 12 g ‘ months®nded September 30th), 80% cash and 20% stock; 1928 (to September 30th), 50% cash. ‘omatoes — Supplies t; demand | Laclede 5s. 3 8 81 ’ . i . o Vi light, market m".‘Ly; Calitiinla, iines; | Taslehs G e 11?;1.:‘, i?,m o }’{;"“.‘:"“ g o ’4?, MANAGEMENT: Because of the nature of the business, which is largely that of analyzing and expressing opinions ripes, wrapped, medium to large size, 3 102 102% 102% | gou Ry Con bs. 104 112 111% 112 Gy of security investments and furnishing investment ratings, Moody's Investors Service has always stood absolutely e et e e e FOR ®) detached and independent of financial interests, does not accept any financial or other advertising, and its owners Oranges—Supplies moderate; demand | Lorillard (P) 7s... 30 106 105% 106 | o0 SV 0%S 11 102% 102% 102% “wb have no business interest in any banking, brokerage, or securities firm or corporation. The Company does not execute g ';}:,‘;k.';,'p,:i"":,‘,e;my“‘) fl',’;; ;",‘::::;:3 ,5,:,:'_‘ ey sy Toied Averer s00. 2 67 665 60N STORACE a orders or buy or sell lecuritiu%or its clients, its position in relation to the security markets bgint::dmively that of \ size, 4.5085.00; seediings, medium to | Mid-Con 63 40 2 105% 1084 105:: Union Pac 1t 48, 2 ;w i . impartial advisor. This policy will be ‘continued. Every share of the Common Stock will be owned by active e e TD A e M eative b e 108" 108" Unlon Pacifie 18 8. 2 80 8o 891, OR'T RANSF ER * workers in the business, and provision will be made designed to pe'rlu-u such ownership. The Board of Directors ‘Grapefruit — Supplies light; demand | Mont Power deb b5, 1 101% 101% 101% D D e a 9 iy is expected to continue as at present with no banking or other outside representative thereon. oo e s N Y Edison 6345, 7 11615 1150 11ers | Wpash 4%e T s Legal details in connection with the issuance of this stock will be passed upon for us by Mesers. Beskman. Bogue & Clark; and for the GERMAN BONDS AND STOCKS, | NYCELH&P s 17 5w o5 ogy, | Wwarasn 18 H Cormpany by Mesers. Greene & Hurd, of New York. Accounts of the Company have been examined by Haskins & Sells, Cortified Public Special Dispatch to The St ; :n‘;t'f:u!‘u‘: e h 101 }31”‘ e Wabash s 15. 8108 104% 1044 G i R jasses 1 7 20 100% 99% 100% NEW YORK, November 15— N Y Tel 65 41. 3 107% 107 107y | Wentern Md Siie. . 29 100K D00 and subject to prior sale and the approsal of counsel. It is expected that " NY Tel6s49...... 2 11 s | Western Pacific % 101 We offer this stock when, as and if issued and accepled by us prior 3 Ger Govt Red Loan with draw :':‘;0 A':; l:;url‘l)-lA};nTEdénl?:.. f }3?»: 158’5: }3.32 West Shore 1-23l1.. 3 90% 90% 90% e cerlificates or inerim recéipls, exchangeable laler for temporary or itive certificates, will be ready for delivery on or about December 4, 19. !! GG g winnt 00 | Nor Ohiio Tr & L 6s. 5 1084 103 108% s This fnancing only to the extent of 10,000 shares, the balance of this steck being scquired from individuals. s Sty gplns Bt minofy Gorchll | PR R B0 1] 100 105 103%| FOREIGN EXCHANGE. Consult Us First AT Y (Guoted in dollars ‘weér "thouisend markg) | Pan-Amer Pete 6s.. 4 107% 107% 107% | (Quotations furnished by W. B. Hibbs & Co.) If you need money for . Erman con Blee 4/A 1010 353 !:g Ea uptar NIy 0N, Sevse 0eh our Real Estate financing Price $52 per Share Afi PhilaReadC&T5s. 3 1% 914 913 | fendon, pound et us have your application 3700 [ Philips Petro 534s.. 12 94% 94% 94% | Thiussets ™ ol today. ! 4 B Eimnan 2w Pt ] Potter & Compan 14 . 9 9 9 EC . 4 100 | Postal Tel & C 53s. 2 96% 96% No Appraisal Fee y A E G oted tn, dollars per shagGy 4o o9 | Public Service 435 64 155% 158 el Members New Yerk Stock JRLTET U GRR T R ol 9 95 The Commercial National . Rem Rnd 5%s . 40 94 93 94y P g?nz::'""a;fi B8 D8 | Simme etm 6a-20. 25 101% 1000 10108 3 Company FIVE NASSAU STREET NEW YORK s e f ilee Sinclair Oil 65 100 99% 99w | Gopenhagen. n F :9'” ;é gfl S!)Il‘lalroll 6 101% 101% 101% | Steckheim, ey ‘533 12.00 :"m;»:rgvlfl 16 103% 103% 103" — - We do not guarantee the statemepts and figures presented herein, but they are taken from sourees which we believe reliable. 300 | Sinclair ¢ 98 98 98 g'r l?gg ‘3% 8in Pipe Lil 9% 95 95 Wesleyan now has & chapter of Phi e ———————————r — ) 3100 3300 Skelly OLl5% P5% 95 95% Bigma . 4 y ; ;