Evening Star Newspaper, December 29, 1928, Page 21

FIN CONVERTIBLE BOND TRADING IS ACTIVE Less Selling Is Noted During Short Session—U. S. Issues Quiet. BY CHARLES F. SPEARE. Bpecial Ditvatch to The Star. NEW YORK, December 29.—Less Yquidation occurred in honds today than at other times during the week, and there were sections of the market where it appeared that investors were cautiously picking up some of the is- sues that have been discarded recently gnd have dropped to a favorable income asis. ‘The buying of United States Govern- ment issues, which was a prominent feature of yesterday's market, was not repeated, and some members of this group declined slightly. The volume of trading fell off sharply. Convertible bonds were the center of ettraction in the domestic list. Andes Copper 7s advanced 3 points and at 225 compared with the redemption price of 110, which is effective January 1. Probably some of the holders of these bonds will neglect to take advan- tage of their opportunity and thereby miss a big premium, as always happens in a situation of this short, Anaconda Copper 7s were likewise strong and Public Service of New Jersey 4l5s con- tinued their rise, which has been 15 points in the past two days. The Seaboard issues were heavy, the refunding 4s off 1!, points and the Florida 6s skirting their previous low level. Florida East Coast 5s rose a point. Various new rail 4}ss were fractionally lower. St. Paul adjustments moved up fractionally. ‘There was considerable irregularity in the foreign group, with European issues inclined to sag off, but with some re- covery in South Americans, COTTON MARKET QUIET. NEW YORK, December 29 (#)—The cotton market was very quiet today, and the narrow fluctuations were at- tributed chiefly to evening up of com- mitments for over the week end and the approaching holiday. After selling up to 20.26 during the earlier trading, March declined to 20.21 and closed at 20.23. The gencral market closed :;udy. net 2 points higher to 2 points wer. SILVER QUOTATIONS. NEW YORK, December 29 (#). —Bu silver, B"‘u Mexlun dollars, 43Y;. Washington Stock Exchange SALES. Capital Traction Co.—10 at 1064, ANCIATL) UNITED ITATII Close MJ 22 99 24 1006 1009 9824 9824 9823 9823 T 106 24 10624 106 24 6 11122 11122 11122 FOREIGN. . High. Low. Ciose. 95% 9% 2 99% 99% 99% 5 100'5 100 100% 34 904 1 9824 Sales. Argentine 5%s '62. Argentine 68 Ju 63. Argentine 6s Oct 59 Argentine 6s A.... Argentine 6s B. Australia 4%s 56 Australia 63 1956 Australia Austria 7s Bank of Chile 6% Belgium 6s.. Belgium 6%s Belgium 7s 1955. Belgium 7s 1956, 102% 102% 9T 974 100% 100 100 106% 106% 106% 107% 107% 107% 105% 106 116 115 109% 109% 92% 93 101% 102 Bordeaux 6s. 4 19% 89% Brazil 648 192 Brazil 61481927, 924 924 % 924 924 100% 100% Chiness Gov Ry bs. 37 Colombia 6s Jan'61. Copenhagen 4% s 53 Copenhagen 5s ct. . Czecho 85 1952..... Denmark 6s. . Dutch East I 6s 62, Framerican 7% French 7s.. French 7%s. German 7s. Holland-Amer Italy 7s...... 104% 104% 103% 103% 104% 104% 107 107 112% 112% 106 108 108% 108% 96% 96% 96% 95% 91% 91% 100% 100% 99 994 9% 99% 200 21% 103% 104% 1075 112% 106} 103% 9674 9% 91% 100% Marseille 6s Mexico 4s 04 asntd., Mexico 45 '10 asnt., Milan 6%s. Montevideo 7s. Netherlands 6s 54. . Netherlands 6s 72.. ew So Wales 57s.. Nord 6%s Norway 531963 Norway 5% Norway 65 1943 Orient Dey deb 6s. Paris-Ly-Med 6s Paris-Ly-Med T Peru 6367 w i Peru Poland 6s 40 Poland 7s (rets), Poland 8s. . Prague 7343, 40000 Queensland 7s. .., Rhinelbe Un 7 RhineWst EP RhineWst EP 65’53 RbineWst EP 750 Rio de Janeiro 6% Rio Gr Do Sul 8 Rome 6%s3 101 100 100 105 105 93% 9874 W 101% 1015 4 97 97% 100% 100% 102 102 967 9674 991 99% 103% 103% 89% 895 100% 100% 80 80 87 874 97% 98 105% 105% 108% 108% 103% 103% oK 9k 931 947 101 101 93% 93% 105% 105% 90% 9074 101 - —to SaSoran mNeantwaran Chestnut Farms Dairy com. —20 8t 205, 50 at 205, ‘Washington Gas Light—38 at 1043 !An:tbn Monotype—10 at 120, 10 ll 120. r%nthller Linotype—5 at 104! ington Mech, Mtge. com.- -—!0 at1l. AFTER CALL. um‘fonflwy&!nec. gen. u—s $1,000 at 10215, Potomac l.'lectrlc 6% pfd—5 at 111%. Potomac Electric 5%;% pfd.—30 at 1083. Merchants’ Tran, & Storage pfd.—I18 at 107. Riggs Bank—3 at 548%, Bid and Asked Prices. - . BONDS. Amer. Tel. & Telga. Amer. Tel. & ;otomn Fiee, 551053, 10; lex. & Mt. Vernon cif. alto,_& Annap. a5 65, se Wash: Gas 65, series Wash. Rwy. & Elec. 4s. Wash. Rwy. & Elec. gen. STOCKS. : PUBLIC UTILITY. Amer. Tel. & Telga Capital Traction Co Wash. Rwy. & Elec. pi NATIONAL BANK, TRUST COMPANY. American Security & Trust Co. 450 Continental Trust.. 135 Merchanty Bank. '’ : 4 National Savings & Trust Tnion Trust Wash. Loan & Tri SAVINGS BANK. Bank of Bethesda Commerce & Bavin East Washington Potomac Security Sav. Seventh Street DUnited States. Washinglon Meci American rcoran Piremen’s tie Ca. of Md.' com. . Title ptd, o MISCELLANEOUS, 4| Pathe Dist. Natl, Securities Fedéral Siorage pid ede erican” Co. com Federal-American 11, | Punta AlegreTs.... 2 Mtxe Peoples D tores wm Security Siorage Wai Bid ol i, wooanr? i Lothrop 2% extin. Sm’ 2ro exti “50°cents extra. Unlisted Department. _— Bid. Asked. Armry-Nay 90 . osmos Club 428 ce‘mmeru-l Cluh ll% bs. S‘e‘lropalu-n Club 4ia STOCKS. Anacostia_Bank. Chepin Sacks. Chlmu !lckl ) | Chapin Bacl L pid. Connecticut Ple Co. Chr. Heurich Brewery Departmental Bank...... District Title Insurance Co. Franiiip Natignal Bank. Miller Train Control.. Muncey Trust Co North Capitol Bavings Ban Savirgs Bank Park Savings Bonk Raleign Hotel Co.... San Paulo City 8s., Sao Paulo 8s 1936 Sao Paulo 1950. Saxon (PW) 7 Serbs Cr Slav Serbs Crot Slo 8 114 114 105 105 106% 106% 104% 104% 102% 102% 108 103% 118% 1184 103% 103% 9% 9T% %% %% P L N L T TS Swiss 5%s 1946 Utd Kingm 5%s 29, Utd Kingm 5%s 37, Utd SteamCopen 65 Yokohama 6s w i... 103% 118% 104 1 9% 7 95k MISCELLANEOUS, 'l;/.l 8 104% 104% 104% 97% 974 Am NatGas 6%s 961 96 AnSmit& R 15t 6s. 3 101% 101% 101% 8 104% 103% 104% 99 14 106% 106 106 5 106% 106% 1054 95 186% 135 18513 69 227 2231 227 15 921 9215 9215 - 18 91 90% 905 10 102% 102% 102% Barnsdall 68 1940,. 15 129% 129 1294 Barnsdl 6s w o war, 18 99% 99% 99% 1104 104 104 9 103 1027% 103 9 104% 104% 1047 Bklyn Edison 5 104% 104% 104% Certain-Td5%srcts 39 80w 79 80 Chile Copper 5s,.., 18 95% 94 95 Col Gas&El deb §s. 10 99% 99 99 12 T % 7% 39 106 105% 105% 1 75% 76% 76% 7.3 987 19 5 101% 101 101% 2 108 108 108 w® S Cuba Cane 8: Denver Gas 58 Detroit Edison 6s, Dodge 6s... 89 102% 102 102 Duquesne 4%s 57 12 99% 99% 99% East Cuba Sug 7%s 10 94% 94 944 Gen Asphalt6s36., 2 107 107 107 GenCable5%8'47, 10 98 98 98 21 102% 102% 102% 1 106% 106% 106% 2 100% 100% 100% Humble O & R63%s, 7 101% 10i% 101% 1liinois Bell 15t Bs.. 1 104% 104% 104% Indiana Steel 65.... 2 108% 103% 1034 Inland Sti4%s'78, 1 92 92 92 Intl Cement b5 48.. 12 109% 109 109% Intl Match 58 47.... 16 98 976 973, Int Mer Marine 65.. 3 99% 9095 991 Int Paper b5 47 T 94k 9% 94y Inter Paper 6 1 96 9 95 Int Tel&Teleg 4%s, 22 94 93% 93% Int Tel&Tel 4% s wil68 1094 109 109 Kayser J & Co 5%s. 22 135% 133'; 135% Kan G & E 6552 « 2106 105 Kelly-Spring 8s. 1 110% 110% 110% Lorillard 6s. ., 1 89y 89 89% Lorillard (P) 78... 1 112 112 112 Louisy G & E 6852, 7 103% 103% 103Y% Mid-Con 6%8 40 5105 105 105 Midvale Steel b 14 100 99% 100 Mont Pow 58 43 13 103 Mont Power deb 5s. 17 100% 99% 99% Mor's&Co 1st 4%s. 6 87% 87's 875 NewknglandTel és. 1 106% 106% 106% N Y Edison 6%s... 2 115 NYGELH&P4s 4 93% 93% N Y Tel 4148, 5100 100 100 4 107% 107 107 B 1110 110% 1108, 46 101% 100% 101% 4 101% 100% 100% 2 106% 1056% 105% 5 101% 101% 101% 933 or States Pow b Nor States Pow 6s. Pacific Gas & K] bs. Pac T&T 6862, 1 104% 104% 104% Paramount 6s 1047, 7 99' xchange7s, 1 80% 804 S80% PhilaCo5s 67 wi.. 53 9Bl4 984 9814 Philips Petro 534s.. 18 9213 92 92 Por Ric Am Tob 68. 50 101 100% 101 Postal Tel & C5%s. 1 93% 93% 933 Public Service 4%s 50 180 177 89% B9l 21 94 93w, 14 99% 991, 12 101 100% 100% Sinclair Ol 78..... 11 102% 102% 1025 Sinciatr Crude higs 1 97% 97% 97% $in Pipe Line bs. 5 94 98 94 So Por Rico Sug 7s. 2 106 106 106 Southwest Bell 58.. 3 104 104 104 Stand Oil NJ 58 46, 5 102 102 102 SugarEstOriente7s, 4 97 97 97 Tenn Copper 6s°41, 2 110% 110% 11 TennklecPow 65 47 Transcont] Oil 6%s United Drug bs 53. U S Rub 1strf bs. U S Steelsf5s.... Utah Pow & Lt bs. . West Elec 6s. tn Union Westn Union tem Rnd 5%s war, inclair Ofl 6s. clair Ol 614s. .. 22 102% 102% 102% 5 97 96% 97 6 89 B9W 89 5 108 107% 108 3 100% 100% 100% 24 102% 1024 102% 22 102% 102% 102% 1110 110 110 Westinghous 10 104% 104% 104% ‘Wilson & Co . 22103 103 103 Yngstn S&T 5swi. 34 100% 100% 100% RAILROAD. | Atchison gen 4 3 92 92w 924 5 924 92w 924 1 974 978 97K 25 100% 1004 100% ++..153 100% 100 100 B & Orfimp 6s. 6 109 109 109 B&OPLEWY 4s.. 44 92% 02% 92% Brooklyn Elec 6%s. 2 941 94 914 B & O b5 2000 ngton Savings 'Rani -mmmn Tihie Toeuranee co hingt Ball Club Brooklyn Elev 6%s 14 Pk 9l% Bklyn Mannat s... 20 M8y 98ly 984 2h 904 0% 102% 102% | 5 106% 106%: 106% | THE EVENING STAR, WASHINGTON, (v o _BONDS s il Received by Private Wire Direct t0 The Star Ofice Low. Sales. High. 105% 1064 lflfih 8% Canada South 5. Central Pacific 43 Cent Pac 1st 53 90 Chesa Corp 63 w 1 Ches & O cv 414s. Ches & O gn 4%s. Chi & Alton 3s. Chi & Alt 3% s ctfs CB& QI divs Chi&E 11l gn 68 51.. Chi Gt West 45 69.. ChiMilSP&Pac5s15 231 % | CMSP&Pacadj5s03. m Chi Rys bs... Chi R1&Prf4s, CRIPac4%swi.. Chi Unfon Sta 5s 44. Chi Union Sta 6%s. CCC&StL 4%sE 77 CCC&StL6sD. CCC& StLrf Clev Term bs. C&Sistds29, Cuba R R bs... Erie conv ext s Fla Bast C5s 74 Grand Trunk s Grt Northn 4%s Great North 5las Great Nor gen 7s. Hav El Ry 638 51.. Hud & Man aj 5; Hud & Man ref §s.. 11 Cent 4s 52 111 Cent 4s [l Cent 4% s 66, 111 Cent Chi 4% 111 Central rf 58 53 I11-C-C-StL&NO bs. Int Rapid Tran 65 int Rap Tr b8 stpd . Int Rap!d Tran 6s.. 1 Int Rap Trans 7s... Int & G Nor 1st 6s. . Int&GtNor adj 6s 52 IntRysC A 5872 Towa Cent rf 4 Iowa Cent 1st s Kan City Ft S 4s, Kansas City S is. Kansas City § 5s. Lake Shore 4s31. Lehigh Val cn 4 Louls & Nash 5 Louis & Nash 7s Mil El Ry & L 58 61 Minn & StL ref 4s.. Minn&StL fd 5s 62. MStP&SSMOsisgld 101% 100% MK&T4sB.. Mo Kan&T 43578 50 M K & T adj b 81 MK &T prinbs A, Mo Pacific gen 4. Mo Pacbs A 65. 58 F 77, Mo Pacific 58 G Mob&O 48 77 cts, MontrealTr bs B 55 Nassau Bl 4s 51 NRM 4%s 51 ass| Northern Pacri6s. Ore Short L rfs ¢s Pennsyl b8 nsyl 6%s PCC&StL s B 74’-. . Portland EI P L 6s. Port RL&P T4 46. Reading gen 443 A RioG W 1st 45. Rio G West cl 4s. RIATK& L 4%s. StL IM&S gn 5831, St L IN&S R&G 48, 11 hoard A L 48 Seab A Liref ¢3..., 2 SeabAL ad) 55 1949, 45 Seab A L con 6s..., 22 SBAIIFlabs35 A, 52 8B All Fla 65 35 B., 1 Sou Pac 43 29 15 Sou Ry 68 56... Sou Ry 6%s TexArk FS 54850, Tex & Pac 68 B 1977 Third Ave ref 4s 60, Tol Tr L&P 5%s 30, Union P: 2 Union Pac 1st rf 4s, 11 Union Pacific 45 68, 5 Unfon Pac 4%8 67.. Western Pacific Cen gn 45 49, TREASURY CERTIFICATES, (Reported by J. & W. Seligman & Co.) 114% 114% ’3'.- P 128 Dec. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominai gold Selling checks value (o1 o London, pound. Baris, franc 99% 9914 | Rome, gurich. frane e Athens, Chml SHORT-TERM SECURITIES. (Feported by J & W. Seligman & Co.) Amer. Tel. Anaconas G Balto. & Chesa. & Ohlo golondu & l‘fl 00 Shen SR en, Mot, Accep. eneral Pet. Cor) oo Trunk ‘ot Gulf ol of Pa Hul lru oil l‘ru Ene inclagr oruda a “co, 8 e B 3 i 3 Mt & !'l" "% Co. 55 1933 on OIF Co. of Calif. & | im l) 8, Smeiting Westorn Electric Co, 83, u« Westinghouse EI, & M. 5 10i6. lwn Bteel Corp, 625 1048’ . Production of nitrate in Chile is now nearly double that of last year, UTILITIES (SSUES FEATURE ON CURB Airplane and Specialties Show Gains in Active Market Session. BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. NEW YORK, December 29.—Public utilities were brought to the front at the close of the week on the curb ex- change. Prominent holding company issues were bid up sharply, several of them to new high records for the aresent share capitalization. The mar- et (enenlly gave a good account of Ulfll!l!! were discounting the highly prosperous year enjoyed by the industry and the prospect of continued expand- ing operations in 1929. Gross revenues for the electric power and light industry alone are estimated at approximately $1,875,000,000 for the year, with financ- ing placed at $1,900,000,000. Electric Bond & Share securities shot forward to a new top above 180% Northeastern Power reached a new high above 57, compared with Priday's | close of 551;. Ail classes of American Super Power moved upward substantial- ly and American Gas & Electric gained more than a point. Airplane issues were also favored, notably North American Aviation, Aviation Corporation of America and Niles-Bement-Pond, the first two attain- ing new highs. In the oil group Vacuum maintained leadership, reaching its best above 111, Specialties which established new tops included Goldmann, Sachs Trading, Dominion Stores, Nelsner Brothers and Roan Antelope. Ford Motor, Ltd., after opening frac- tionally lower on a block of 7,200 shares, continued in supply whenever bids came into the market undzr the 20 level. WHEAT PRICES DROP. CHICAGO, December 20 (4#).—Under pressure of general selling, all wheat tumbled down today to within a frac- tion of the lowest level yet this season. Deliveries here on December wheat con- tracts foday were on a large scale, totaling 804,000 bushels, and this cir- cumstance together with smallness of ex- port demand today for wheat frqm North America led to the execution of numerous standing orders to_sell out and thus put a stop to losses. Deliveries mc-& on Chic]-xohnecember €orn con- were also heavy, amounting t 1,300,000 bushels. i i PRODUCE EXCHANGE. NEW YORK, December 29 (Special —Assoclated Gas & Electric rl(hpf:cfel)- tured the trading in the produce se- curities market today. An active de- mand developed, which carried the price well across the 3 level. Elsewhere prices moved irregularly, with interest f:‘l;l:’ered in H. Rubenstéin at the 70 . CHICAGO STOCK MARKET. Special Dispatch to The Btar. CHICAGO, December 29. is a report of today’ and closing quotations, Stock Exchange: PROGKY. sk ioay ol w2i% 8 9 32 50 5 29 i 3 .~—Following sales, high, low on the Chicago burn Motor . uula( Wnll Dfd ps5ESenanisses Kriu §¥oie Gear” ry 8 Galeshurg coul 1Gen W Work E 1 Gleaner Combine 1 Goidblat 2 Houduilie Cory 70 Iniand Wit & 33 iron Fireman 00 Btove ey uul ' prd 128 iler & Hart prd "“"' el 4 Monighan Mig Corp.. 3 11 Muskegon Motor A 1 Monsanto Chem 1102 15 Litho c Pow & Nat Leainor”. 2 Nay Stanaard 1'Neve Dr 1 Parker Pen %I;uwl s Gas. 4 Rayneon Mfg 1 Rieh Tool Co A '3 Ryerson J 1 |4 Bangamo- Elec Vg Ssunders Scrs d Pub gluldnléekc n-d‘l? £ udebaker Mail. . Rsla Cors ..”-EE- 3 SLErE E aw_ o 2 2222 D. C, SATURDAY, DECEMBER Following is a list of stocks and bonds traded in on the New York Curb Market today: Sales in INDUSTRIALS. HA‘h 1Southw Stores fd’ 134 Spald A G & Bro 17 Thomps Prod A 22 Thompson Star bfd 21 Timken Det Axle Am 39 Transcon Au iso. 16 Trans Lux 13 Trave A cor 3 Brit-Am 3§ Brit-Cela City R i 260 Ariz Globe © 6 Kirkl Lake 4 Mason Val. 18 New Cornelia. a § BiVehport 8 Deere % Doehier Die 66 fon 8t Ltd 783’.:‘:;% LN 5 98 24 Douglas 8 Dubllier C& 4 19 & Sh sh Cor. Dfd lnv!ll Ine . P &L optl war, 30 cc L Btd 4tz hundreds. SEm Fo %t Land:: &, O 8, | $Am fi‘i’?-fin‘fi'fi‘c Y 2 m 1WEvane Wah ""'d = 1%-' 77 Burnsd deb war 9 Carib 8ynd 1 Yukon Gold Y S L S Rt R D123 10% 10% e £t 3, gE:é‘Je;z Ml :4 @ §§¢ 13 el ‘3:'.%" As-m n-: o 3T BT deb rts 16 piat deb, rt Zfl’z 241% 241% 185, 18% 658 'f B.meun g, en Pul Wer ... C»n ’nu Rub xfl Figsby Grunow round Grip 8 cif 63 i o, A Y 14 106% 107 i _‘31 34 3 n units, 100 Anglo, Am OiL }oo 60 Avi* Doos” O 4600 Gontl i1 2400 Humble ypsum . o v.,:.l°.!.“% i dio Prod S lckie N Yerclone bt o <=c=c:4444 wamans edio. Tol.\l Sales, 130,000 shares. Sales BONDS. Saonnds, 10 Chi City R 1st s cfs 1Bt Rys 8 cls dep,. 18hi Ros Be'8 38, 21 3 pettibone Mul & tal eystone {nneay Siores it 3% S 138% 158 b S i 30 175 bt 18814 2404 o b b 178 | 26% 1 bl vfli‘{,‘o cnnm By 1 Met o P8y e A N Gone T W 3 Mocl ;i 21 Nat Bug R N J 1Nat Theater Bup. 3 Nat oTrade Journal 29 Nehi O 3 GUlY OIP pensss ) & gult it Penn a’» R up e 1’1"%':.‘:‘&'; o] 1,0 X A ul 5 Il Pow & L 6 iy EES AR o 1Intersta Pow 1Interstate Pow 6s. Corp Ar‘n. 55 A 2253855 Seuse L Co nfd iy ef";!, ok F55 o Hos. un #Anun s Sanve coke ter Den NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office 21 Roch Cen Paint 6s pf 41% oid ... 6 MINING STOCKS. Sales in INDEPENDENT OIL STOCKS. 184 n" 14 6 hit4 Sales in STANDARD OIL ISSUES AND FOR- MER SUBSIDIARIES—STOCKS. 18% 18% 15% 3% 18 15 91 n'h 1 I3 10 Intersta Pow 55 new. 96! 101 "~ 101 \fll’ 1033, 1045, : 315 10875 "'r 3 FINANCTAT, boudallr 4 U. S. TREASURY RECEIPTS. Treasury receipts December 27 were $4,106,276.65 expenditures,$9,232,731.26; balance, $276,741,294.62. BOSTON STOCK MARKET. Special Dispatch to The Star. BOSTON, December 29.- —Pouuwlnl a list of today’s highest, lowest and closing prices for the most active stocks dealt in here: 8 smnr: E W o Servel % t s A 225228 CECEE] 2 i 95 10 West 5 18 Wheer "sed 1" ; 50 E lll !’l;ulneeru Pub Ser. i 14 Buenos_Alves 113 2 Cavca_Valley T Bu Sld Dominton " 8300 anc Mills . s 1700 Qui M i pintid 5. 101 2708t m. Land 19 Isotta Fraschini 7s... 103 l!!m".l Pi uh 'Il Yo 0 s Mot B 80w . Vs 8o — Bl il b Lo et © Mg ww 102 %00 Unitea Shoe’ M ' 100 um;lm “Totst . Dill. . ex BALTIMORE STOCKS. By Special Leased Wire to The Star. P Sales. STOCKS Last sale. '8 Arundel. Gorporation. . 403 15 Maryland Casuaity Co. 125 New Amsterdam ‘Gas. nf xd—Ex-dividend. £ 25 Stand. Gas Eaquipment Co. pfd.. wi—When issued. n—New. ww—With warrants. Money Available for FIRST DEED OF TRUST LOANS On Completed Propert for Construction Use mennblu Interest and Commission Rates JAMES F. SHEA 643 Louisiana Ave. N.W. OFFICES For Lease In the Edmonds Building 917 15th St Located tn th * nancial and’ Reaity Districts. - Sev- Special Dispatch to The Star. NEW YORK, December 29.— Shawmut Bank_ Inv. Standard Inv Cor INSURANCE COMPANIES. Aetiia Pire rights... Baltimore-Amer new and Independence Lincoln Fir Trans Rein: FEDERAL LAND BANX BONDS\ Bpecial Dispatch to The Star. NEW YORK, December 29. Land Bank 4s May 1088 Bank & Nov. 1987 Bid. Alkgi 94, ot 94t 98 Tand Bank 4vas Muy i ank das July 198 19420533 MDS q Tand Bank 4728 J.&3 1883opss Fand Bank 4028 57 seer s &3, 19830033 APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia and adjacent suburbs in Maentgomery and Prince Georges Counties, Md. 5% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY OF AMERICA Main 8100 1001 15th St. N.W. SIX PER CENT From a Washington First Mortgage Investment IX per cent annual return from a Shannon and Luchs First Mortgage Note is a big return, especi when you consider the fact that fortunes are daily being lost in fields where there is an element of speculs. tion. When you re-invest vour January that a major portion of it is placed medium of proven safety. No security in Washington offers greater protection to the note holder, or more dependable and generous return, 6% Available now in denominations of $100 and up. Recervations now being made for the placement of January funds. money, see SAFE FIRST MORTGAGES IF YOU ARE INVESTING SOME ONE ELSE’S MONEY —you cannot find anything more profitable with absolute security than our A Third 6% FIRST MORTGAGES of a Century Without a Loss You are fully protected and Yyour wards are sure of an un- varying and liberal income. o Offered’in amounts from $250 up. B. F. SAUL CO. Main 2100 925 15th St. N.W. THERE NO SUBSTITUTE FOR SAFETY