Evening Star Newspaper, January 7, 1929, Page 15

FINANC T AT, THE EVENTN WASHINGTON, MONDAY, JANU ARV 1929. CONVERTIBLE LIST OF BONDS REACTS Volume o1 frading Is Small.i Draggy Price Condition in Other Groups. RY CHARLES F. SPEARE. cisl Dispaich 1o The Star NEW YORK. January 7.-With aock market heavy at times todav convertible bonds reected Follo: persistent talk that the Federal Re- serve discount rate might be advanced, | Au Bank of Ci with | Beigium 6s. , Belgium 6158 In both groups the volume was small, , B n 85. Belgium 78 1956, A ! Belgium Tigs. Izium 8a Bolivia 7s. which | Bolivia §s snapped back after year-end liquida- ' Bordeaux 6: Brazil 6 there was hesitancy and some dragging | of price among those bond issues that | ¥ are expecled to conform closely money market conditions and, therefore. the trends may have had an exaggeraled appearance third fact was that of the substantial|H advance last week in & good many domestic and foreign issues tion had run its course and the first- of-the-year reinvestment demand though of small proportions relatively had lapped up the moderate supplies of high grade bonds offered Profit Taking Seen. This recovery was more conspicuous | tn foreign dollar bonds than in domestic issues And Wwas of greatest size. nat- urally, in the ~South Americans Germans, which suffered most during December. In consequence of this rally there was some profit faking todav which, however, had more effect on'‘ Ualian. Japanese and some of French securities than other membe f the Furopean groun. South Smer- ieans were quite stronz, with a partic- v good teeovery recel in the ! 10us mortgage bank issues of Chile |’ and Colombia. - The Department of Commerce foday sanounced that during 1928 foreign ¥ | Bra l ON NEW YORK BONDS Argentine K 1 59, A eniine Arzentine | argentine 65 & the 'Argentine bs B Austialia 4125 58. . £ Australin 58 Austra thia el Srazil 3 18 men St, uada os nada bs nada 5 Chiie 65 '60. Chile 65 '61. and | Chile 7s 1943 Colombia 6e jan'61. n Pow Copenh “openns el ecin § echo & Danish Mun danish Mu Jenmark 4 Jenmark b | Dute Salvado securities sold in this country amounted | Finland to & par value of $1.426.487.580. This was the largest amount of any year. except 1 from which there was a decline of 10 per cent, the significant “act is that three-quarters of all offer- ings were made in the firsi half of the vear. The issues in the second half G were the smallest of any | R f e ¥ F | G e H into this market in volume in 1924. Declines in Convertibles Of the convertible bonds todsy the decline of 3 points in Pubiic Serviee of New Jersey 4!,s represenied the early maximum loss. Anaconda Cop- per s were off 2 points at the start and later 3 points. International Tele- phone 47,8, now the most active ecn- veriible bond on the market, were | steadv and Abraham and Straus 5',s were up & point. Local tractions were | distinc tly weak. U. S. Rubber 5: showed a gain. Al of the 6, per cent notes of this com- | pany have recently recovered most of their discount. There has been some | . selling of National Dairy Products 5'4s | at & new low price. Seaboard Air 1 ine | issues were again lower. The feature | of the day's financing was the large proportion devoted to invesment trusts. RUBBER ADVANCES. NEW YORK, Januarv 7 (Special).— Crude rubber, sinoked sheets, was upvP ; at today's noon quotaiion of 18c.|P This compares with 173, & month ago | P and 40% a year ago. }p POULTRY STEADY. CHICAGO. January 7 (#).—Poultry Alive, steady; receipts, four ears: fowls, 2075: Springe, 28; roosters, 20: furkeys, | O L i m im |N ;a“iin.}._w-"" tric e 1353—81 000 a Washingten Mit. Csld Storage 55— £1000 at 53, $33,000 a* 96. | Eectric 54% 1 ab 108%. licegenthaler Linovype—10 &f 103%, 15 at 1031 . Peoples Drug Stores pfd.—10 at 133, 5 at 133, AFTER CALL. Washingion Gas fs B—§200 at 10574 ‘Washington Gas Light—20 at 106, 10 at | 106, 20 at 106. ‘Washington Gas 8= “A"—$100 at 1027 Bid and Asked Price.. BONDS. PUBLIC UTILITY. Amer. Tel. & Telza. 4 Amer. Tel. & Telga. 4'us Am. Tel. & Tel. cil, tr. 5s. Anacostia & Pot. R. R. 5s... Ana. & Pot. guar. 55 ...... C. & P. Telephone 55 C. & P. Tel. of Va. 5 Cepital Traction R. R. City & Suburban '5 Georgetown Ges st 5¢ Potomac Elec. 1st be Poromac Elec, cons 57, Potomac Flec. 6s 1953 Wash.. Alex & Mt V h! Balto & An Weshington Gas 5s. ash. Ges 63, Wash. Gas 65, Wash! Ruv. & Flec. 4s Wash. Rws. & Flec. gen. 6¢ 14 Asked A A | Barnsdall 65 1940 | Barnsdi fs w o war. Bell Tel a 5x B | Bell Tel Pa 5s C. . Bethiehn Stl pm 58 Beth Steel rf " | Beth Steel 5%s 53 Bethlehem Steel 6s son 5e Chem-vanbit Chestnut Farms Dairy 61as Chevy Chase Club 55 D. C Paper Mfz. 65 Pot. Joint Stock 1.'d Bk W. M. Cold Storagze 55 Wash. Cons. Title Cn Wardman Park Holel 51, STOCKS. . PUBLIC UTILITY & Telza ction € Gas 5 4o Amer i Washing:or K & W. Ste Potomac Elec. Potomac Elec Wash. Rwv. & com & Flee. pf3 Wash. Rwy, NATIONAL Capita *195 10824 T 104 300 % 10818 500 9914 ptd BANK National Colimia Commereial Districr Federa Liber Tineoin National Riges Tional -Americar Metropolitan . | 5 h Bink of Washingion TRUST COMPANY American Seeurity & Trusi Co.*452 Contnentsl Trust 138 vehents Bank Nationa! ings & Trist Union 1 8 3 Washing Loan & Tru 53 k SAVINGS BANK. of Bethesda 5.0 i ce & Savings 3 I East Washington 9 Poromar 3 4 curity Sav & Coi 5 venth 308 Bank Street FIRE INSURANCE 300 . ! Int 7 1Int 7 Rayser J & Co bz, Kan C 28 2 Kan Tie nia_ Title fov &6t Ma Goma. Toule ofd MISCELLANEOUS, ! Barber & Ross. B rper s Foderal Buarage 1g Pederal-American Co. Nt Mise & I nio !‘")p\r« Drug Stores pfd Tey n'f & Whrs. Corp Wash Mrdfeal e, Goro SRx-dividend, URANCE. 14 Reel Tirle & Wash com " com 55 103 121 130 103 104 | Par in While | Finland s © 65 nland 7. ramer rench rench (}len B P 5 28 erman 7s. . six-month : Ger Am Bank 7s period since dollar bonds began to fiow | Ger Gen Eiec 7s reek 7s... airi 6s olland-Amer bs, Hungary 7338 irish Free aly 7s ltalian Pub § Japanese 4s. | Japanese 635 von 6s. arseilie § ilan 61z, Montevideo 7s. Netherlands fs 54 etherlands | New So Wales | New So Wales 585 ord flgs.. orway o8 orway Sige. ., Norway 651943 Norway 6s 1944 . | Norway 6135 1952 { Orient Dev deb 6s. fiy-Med 6s. Paris-1.y-Med 7=, | Paris Orieans 57,5 ru 65 67 er nam eru 7 ery 734m. Poland 65 40, | Polana 7 (reisy | Polana 8. Prague 1755, Queensiand fs. Queensland s ode Jan | Ko Gz Do Sui ts. at 103.| Rome 634s. ton Cas € A—$1,000 3t 104%. | San Paulo City 8s, Sao Pauio 851935, Sao Paulo i950. .. al Saxon (PW)7s. Swiss 6%8 1946, Swiss Conted 8 Toho El Pow 7s. | Tokio 5 | Tokio 5 | Utd Kingm 5%= | Utd Kingm 53, | Yokohamu 6s w 1. s MISCELLANEOUS. | Abram&Stray MAgTIC | Am NatGas 615942 An Smit& R 1>t 8s. Am Sugar Ref bs. .. Am T &Celtr 45, Am T &T el 1ras. . AmT &Tafbs. | Am Tel & Tel 515, Am Water Wks 5. Am Wrig Pap 65’ Anacondu 1st 6: | Anaconda v db 7= Armour&Co4ias 39, Armonr Del 53, Associated 01l 3. 1 Gulf s tantic R klyn ush Term Chile Copper 5&. Colon Oil fs '38 Col Gas&El deb 7. Con Coa] Md it ConGas N ¥ onsum. { Cuba Cane cv s, Cuba Cane Kx. Cuban Am S | Datrojtiai | Detroit Kdison 6s. . Dodge 6 Juguesn 154 160 Goodyear Hoe & Co 63, fumble C Humble O Hinois Be 013 Steel 4 ind Stl lintl Cemen: intl Match nt Mer A Paper nier e1&’) Lackawanna § Luclede el Liggel &M Liggert & Loew's In “| Hoew s 65 w o war- Lorillard ManatiSu Mid-Con 6% 40. Midvale Steel b Mont I'ow | Mont Pow | Nat Dairy Nat Radiator 6 N Y Edisc N Y Edise 1961. em Ti58. 4%sh ik Rubber 85 aper 63 Tele te G b Received by Private Wire Direct to The Star Office UNITED STATES. © Ip $:.000 ) High. Low Hizh, 41 107% GHILH&P4s GRILH&Pbs el 6541, Closa 99 25 1005 100 2 3 9818 9818 9815 9811 9813 10314 108 9 10214 10613 106 6 105 & 113 111 8 111 & FOREIGN. High 1008 North Am Edis b No Am Ed 5436 Nor Ohio Tr & 1 6s. Nor Pow b, Nor States Pow 6s. 100 11 1007 mer Pete 6s. | Paramount 63 194 Pathe Exchange 7 Prople s Gas b Phila Co 43 § | Phila&r | Philips P i I Prerca-Arrow 8s. .. Pierce Ol deh 85 i Postai Tel & Public Se: Punta Alegre RemingionAs 6= 3 Rem Knd 525 w Sinelair Oil 6: inciair Oil Rigs, inciaic O1l Tn Sinciair Crude 8 Pipe Lin Sa Por Rico Sug Southwesr Ball bs_, A O KA bs 46 100's IstOriente 10508 106 | Tenn Copper fs41. 1024 102 102 | TenniSlect'ow 6s 47 Low Ciose 99y 1000 1000 100 100t 954 9513 5% 101 100 101 100% 100% 100% A3 RTh R 96in Q3% 96 e G6ia R’ 1025 1024 1023 8 97 974 100 99y 994 1000 100 1004 | 1058 1054 1058 108 1073 108 1064 1055 106 5% 115 1Lkl 1095 10955 1094 | 62 Oci 39 Slym 62, 58 1957 o Riys 0075 1001y s. a 1931, 195 81 100:4 100 100§ Trauscontl Oil § 104 10245 1034 | tinited Drug 5s 53. . 100% 100 100~ 117 8 Rub 18t rf b5 S Steels . h Pow & 1.t tientes Sug 7s West Iilec 5u. 'ih x 9y o 1000 J0s 109:8 | Westn Vi " G094/ 1005 10051 e KN BUBS B, <. 1010 110 | wiison & Co 1at 68 ;q 1" v\:) )\\ mRepeutAr ", | Yngstn S&T 5s w1, 1045 4% 1040 1035 103t 103% | RAILROAD. AtESF ovt 4505, .. 90% 10 J10 310 | 92 81 9 |atenison gen ¢ a3 968 98% 96% | Attantie C Lol 45, 9in 100 100 180 Jatiantie CL a%a84 973 1065 108% 1034 {10 G 4, 107% It I B&Oevann. ! o | B & O ret 53 106% 1061 108% | b & 0 99 978, 99 103 105 103 5% 961, 9644 100 100% W 1024 1025 1015 99% 1018 96% 95% 98 9TH 9T 9i% 9% 95 95 92 92 2 1023, v 90 981y BRIy Apan ey 83 n 58 ct 19 10 10 nic s T 6s 6 88 4R 2%. . 1008 101 1041, 1005 {B& O <8 - 110 H"U4f|lllu$(.” *1B&O Tolego 4s., {B &0 SWss 50 |B&OPLEWY . | Boston & Maine 5s. { Brookiyn Klec 64y, { Bklyn Mannat 6s. . BUff R & Pitc43;s Can Nat ¢y i‘l’ Y« 101'5 102 |{Can \RY.‘A(“ 994, | Canad Notth 78, ... 4 9913 | Canad Pac deb 4s. . 90% 9014 | Can Pac4las 46. 10105 1011 101§ Car Clineh & O bs. . 1004 10054 1001 | Car Clineh& 6s 106 1051 106 | Central Pacific 4s., 94 938, 94 |CentPacistas 0, 94 93% 91 Chesa Corp 5= wi.. 101 101 101 [Ches&Ocv4iza 97% 974 97%; |Chi B&Q gen 453, © 101 1008 100% | CB&Q4%SITE., o1 | CRI&E 111 5 53 51 Chi GL West 4% | CM&S TP ret 4745 ChiMIISP&Pacas MSP&Pacad hi & NW ref 5. Chi & NW 82 Chid NW 1 Chi Rys ba. . Chi R1& P rf4s {CRIPac s wi. Chi T H inc 65 §0 Chi Union Sta 614 Chi& W ind en 43 y 3 105 105t 105% | ety 1O HASZ. 1015 103 104" ‘I‘l‘\’fi StLssD :' T10% 1097 110% | (~jay ; 104 1035, 104 95 95 96 102" 102 4% 94 9 s 1983, 102% 10214 1021 1027 102:5 10 9% 974 974 99 99% 991 | 1030 103% 1035 | 95 95 89% 89% 893 o 8913 89y | 10113 10112 1011 107% 1075 107 8314 83 83 Bl 8T% BTN 99 98y 9Rw, 100'% 1017 105 109 2% 9%, 924 GOCo 15 851548 En : Hud 1st rlu s RipGends. . G & Wstds°'18 Rio G West 3s. t United 434s. 8 Gen ¢s.. €OV AS Aveeen evibL dl . & sonv ax: 78, as Canie 93 <} GEin0sas:9498 0 Great INorta b3, . Great North 5%, Great Nor gen 7. .. Green B & W deb B, Hav Bl Ry 535 51.., Hocking Val 47, Hud & Man aj 5 Hud & Man ref bs. . {1l Cent ref 4 108 110 99 109% 109% 98!3 981y 78 7% 8 90'5 89% 90! 118% nw. 118} =37, 5%8 17w 113 113 105 1044 1045 T 975 9Tl 9% 95 95 101 100 101 1015 104% 104% 994 99% 991 101% 103% 104% 105 104 103% 7 106% 107 | 975 97% | 84% Biv 105k 1051 int Rap T'r bs stpd Int Rapid Tran 6s Int Kap Trans 7s Ini & G Nor 15t f; Int&GINor adj s 52 InLRYSCA 68 172... Int Ry C A 65 ret. Kansas City { Kansas City § b [ Kan Ciry Term 45, Kan City F 8 ¢ Linke Sbore 45 31 13 Val en 4x Louls&Nsah i is. Louis & ) Louis & B Maun R 1st 45 90, Marker St 7% 40 Mich Cen deb 45 24| IMil EI Ry & 1 53 51 ML KT Ry & 1, b8 61 1026 104 | Minn & Stl, vef 4. . 10003 104% | Minn & 1043 1015 | NS Mos 108 103 | M K&T adj on. 801 K17 | MK & T prin i or MK E s B 12 112 994 71 101% 1015 J3% 13R 105 D 107 107 10015 1001 10315 104 1001, 104 104 10474 1047 103 817k 95 1124 100 71 108 105 s 100 s Bld ! Mo Tac 5a K77 | Mo Pacific 58 G '78., | NOTex&M 4 8. NOTex & M Y Cent 4% 9. ntdeb 4s. fim 4%as s P 8% 8s.. 103'% 103 sonisdo. 1070 107% | 3 1034 10254 1031 100 9 99% T14% 1185 114 9Ri; 983, 105 103 107% 10 9t Réile 100% 100 100 1017 101% 1011 1037 1087 1035 YR 984 11 9Ki, 100 9615 97 95 vl.-m- in. YNH&H 4‘,4‘ Y NH&H cvdb 65 NH&H elt 65 ¥ NH&H b 4= Y O&LW gen 45 5. NY Rys6865..... IN Y Siate Ry 4348, . NYStateRy 6158 62. NY W& RB4ks.... | Nortnern Pacific 4s. cthern Pacr i 6s. 103 &R5 1 1st 45 rine 6s.. hovt 1, 5s zid. 9645 | Pennsyl con 41 97 I Pennsy! gen 4 95 | Penna R R 4% P10 1105 | Pennsyl ger 136 134 134 | Pennsyl os 64 & L os.. 1045, 1035 1045 | Pennsvi 64 s 105% 105 105i | Pennsyl gold 7a. 1015 1018 1013, | Pere Alarq 18 58. . 1010 101 1011 | Portiand 11 P L 6s. 105 104% 105 | Port 1t L& 1> 5s 42, 10215 10205 1021, | teading gen 4135 A 120 120 120 |ReadingJ C4xal.. 1% 114% 114% | R1I0G W 18t 4s... 100t 9, RIATK & Li4%s 864 St L IM&S 48 29 L StLAM&S gn b St LIMES R&G li. tL&SFpl4sA, CL&S K 4es T8, SUTL& S Fprin bs. STLS W eond Stl, & Sown bx San A & Arn P 4s. . Seah A L ref 4s. SeabAlad)5s 194 Neah A 1, con 8s. SBAlFlatsli A, DTN 4hs wi a1y Y yersisal. Mvers is c6s. ... 5 & K 6n52. g sfT%s 10815 10 100 90 105 10, A 994 1035, 103 100% 100 967 957k 75 [t 104 104 115 115 105 9915 103 1001, 964 Ty 104 115 5. [T e er deb 5s. on b 44 ou Y STOCK EXCHANGE W 1011 1011 4 100% 1008 1043 + 1055 « 104 . 102 2 1070 RTAR TOBACCO IS STEADY. Margland Tate Values Unchanged | Over the Holiday. 1 |FOREIGN FINANCING TAKES MUCH CAPITAL Flow of American Money Ahmad Unaffected by the High Rates for Money. Low. Ciose 3% 'H\ 1075 1€ 10680, 107 110% 1101 Special Dispatch to The Star. BALTIMORE, January No receipts or sales of Maryland leat tobacco were reported last week, the market being closed from December 29 until today. Prices, however, Temain unchanged from the previous week, with 15152 hogsheads of Maryland leaf tobacco re- poried in Stale tobacco warehouses. Quotations today per 100 pounds: In- | terior, 6.00a7.00; frosted, 3.004.00; sound common and greenish, 8.00a15.0 good common, 1600a25.00; medium, 26.00a40.00; good to fine red, 41,00 50.00 101 102 8 1010y 102 3 102 Hiz money rates which prevailed in 102's the United States during most of |‘i"|‘ 100 | falled to deter in nay subsiantial 106% | degree 1he flow of capital abroad trom | 100 | this country 81 1 The Commerce 1050, 105'x 1038 100 RO% Department. cal tancy, 50.00a51.00; seconds, com- ! [ FARM BUYING POWER Special Dispatch to The Star. NEW HAVEN, Conn, ) January 7 | With dechines in prices of three im- portant staples, wheat, corn and cotton. | which gains in lambs and potatoes | failed to balance, the agricultural price ! index declined six-tenths of a point last week to 96.2. With it the index of farmers’ purchasing power declined five-tenths of a point io 98.3. showing the farmer's dollar relatively less valu- able than that of the Nation at large Non-agricultural prices declined hardly at all, Jast week dropping & tenth of a point ta 97.9. mon to good common, 6.00a15.00; me- dium, 16.00a23.00; seconds, good to fine, | 240083500, upper country. burley, | uominal; ground leaves, 3.00a25.00. 1045 99' 90% 823 1043 culated today that {issued and sold in u()-\ for 1928 amounted | the highest ever rece 1067 1061, | ception of the $1.5 108% “"’“n[) for 1927 AL the sam> time, the 10142 10Us | pigher level of interest rates had & 'I’“' D4 sharp effect on the foreign lendings by 180 181 | his country. since the record showed | Bi's ®13thati more than $1,000,000,000 of the| 10014 1000 | 1928 total went abrond during the first | 2 S4%a 8442 half of the year and the tolal Ameri- | Baistian Pei, Cotp. “‘; Jasd o 1an., | can investments abioad during the last | &l tarnin’ Per Corp. biss 1338, o8 100% 1014 | nalt of 1928 dropped fo $379,000,000. |G i | 1021 102 +| Germany was the largest borrower | & 9T 9 from the United States in 1928, and | 9i 9% jwas credited with taking $:90,000,000 | 1004l quring the year. Qf this amount | 104 1 $47.000.000 was n government issues, | and the balance went (o public ities. manufacturing corporations land banking institutions. Denmark | was the second largest borrower in| urope. although Italy and Norway were also prominent in the figures ART METAL'FINANCING. With United Cigar Co. foreign secuities the United States 10 $1.426,487580 ed with the ex 05,760 marked { SHORT-TERM SECURITIES. Repotted hy J & W. Selisman & Co) Offer 55 1037 0: o, of Amer, 511953 9813 98 nda Conper 63 1929 Balto, & Ofilo 4145"193 91 Allis-Chalmgis Co. num Ghicago Rock Island 4% Colorado & dahy Packing Co. 5’ ison EL 1. Roston 41.s Mot Accen. Corp. 62 19 Corp. 5a 1940 joodyear & R Grand Truul da 63 1936 Gult Oil of Pa. 55 1937.. Fumble Oil 5155 1933. . Michigan Cent Rwy. 45 1920 Oregon Shorl Line 45 1920 Pure Ol Corp, Ab:s 1937 ghell Union Oil as 1947, 10354 ) Pet. 1957 28 l 107 100ix 934 97 102% 1021 10 10415 R R Standard OI N Jersey 3% 1048 » | iy, 45 iom 1004 100 108 10474 1007 | Negotiations Stores “W YORK Disclosed, January 6 () Siock- holders of Art Metal Works, Inc, Newark, N 1. will 1ote at a meet { morrow on A plan recommended by di- rertors for capital readjustment pro- viding for increasing authorized com- | | mon stock to 500,000 shares from 150.- | 000. with 225000 outstanding. and an | Fome, exchange of stock on ihe basis of one | Aifgns aud one-half new shares of each old | Madrid, pescta Announcing that the capital readjust- | rague, crown nom.),; ent was needed to provide for expan- | Watsag. sloty. g sion, directors disclosed that the com- | Gofy erawn. oany has negotiated a 10-year contract under which United Cigar Stores Co. of slo.” crawn Stocknoim, ; e January 7 (P).— America will handle through its 3,118 | “iores and agericies the products of Art | SED exchanges irtegular (quotations in NEW YORK. Melal Works, including pocket and desk | Céhte): Gteat Britain, demand, 484%; lighters and smokers sundries. A. C.|Cables. 4851 23901118 extlee. n, United Cigar Stores vice presi- 481 France, deman <L sables, 5-16. Italy, demand, 5.23%: ca- 1t has been elected a member of the s s A Wl Metal Works cxecutive committee. ‘gDe""‘v’d'HB:‘{a”::"f" :gfg,_ - ; Sweden, 26.74;; Den Sin WOOL IS ACTIVE. Switzerland, 19.25%; o | BOSTON, January 7 (Special) 16.32; Greece, 1.28%: Poland. | i - | | representatives were active in the wool 12 Crechoslovakia, 2.981: Jugo 7 slavia, 1.76: Austria, 14.07. Rumania, | market. today and purchases have been | "o} v 4 | . B0';,: Argentina, 42.20: Brazl, 11.91; made for their immediate requiroments | fo ¢ {IEEIES TR RRah AUl on most grades, but only sample lots | [0R10H2H0: S Sl have been taken for future needs. '"®A} 9979 Territory combing clean was cleaned at 1.12 to 1.15, French combing. 1.06 to HARTMAN SALES GAIN. + 1.08: half blood, 1.10 to 1.12; thiees | & NEW YORK. January 7 (.- Net eighths blood, 1.05 to 1.08, and quarter | =&V, JOn" Corporatibn. ot Onls | blood. 95 to 1.00. Fine Ohio fleeces s tea st Cence basje. | CARO In 1928 increased fo $18.431,632 were quoled At 48 to 47, grease basis: | 280 743 i 1921 4, | half blood, 51 to 57; three-eighths blood §313 | 56 10 57, and quarter blood, 55 to 56 ) . | | #5% | MONEY RATE IMPORTANT. 939, Tl NEW YORK. January 7 (#) .- -Money 105, rates are expecied o play an imporiant 110% ' part in this week's stock market. Last 1021 102:4 | week the call Tate dropped from 12 10 6 | 8214 8215 | Der cent in response to the return flow | 943 91 of January dividend and interest pay- 934 93% ments. which crealed a temporary sur- | 902 901z | plus of funds here. A slight stiffening | 115 1155 | in call rates would normally be expected 87% R | this week, bul this may be accentuated 104 1044 | by the recent large increase in brokes 100ix 1004 loans. 1015 1017 105 105 1027, 1 104, N5ty FOREIGN EXCHANGE. (Buoiations turnished hy W B. Hibbe & Ga.) Noming| wold Selling checks value (ory.ar today pound ..84.8063 34.8304 . G oled 2039 132 London. 10014 ranc 2014 draehina 93 91% 97 924y YRIs 100, 101 1044 1003 110 8% 103 23, ciown 1003 crown 105 101t 1000 109 Ra3y 103 923 4 | spain, il | SPain 11ty 93 |and service stations in 9i% and !own it was .el:nec M.‘L Capital, Surplus & Undividsd Profits. Over $2.082,030.80 Qur Span of Usefulness —t0 ti:e cowmunity has been lengthened by another year, and we expect 1929 to be as fruitful of new bus- iness friendships as its many predeces- 103.| TREASURY CER’“I.E'LCI.LSS. (1 Reported by J. & W. Seligman l‘)i' a5, Tia20 992242 59 (u;‘ June 99 30-32 100 85 4348 Sept. 9710-33 Hirh. 66 Low. 85 994 ETEN 22“s|u|‘n.\s SOrSs. fa- vour € NMetropolitan™ cilities are at disposal. 3% Par National Metropolitan Bank Oldest National Bank District of Columbia 15th St. Opposite 1. ou Ry gen 4s ou Rty Con 53, Sou Ry 6 { Sou Ry t%s Sou Ry Mo & O | Tex & Pac 55 B 19 1 Third Ave ref 4s 60, Third Ave adj bs... Union Pae st 4s... 1Inion Pac 1=t rf 48, | Union Pacific 4s 68, l'nllnl Pac 4;s { UnionPac)stre Virginia Ry 1st Va Iy & P bs. | Whash 41 Wahash 2 Wabash 53 76 B | west Mar | Western Md ; 10915 1141y on Savmgs 7 '« 101% 66 63 948 9014 BB 9813 108k 1081 1047 101, 10014 1001 904, 10015 100 | 811 99 90 BRe, 9814 10%0% 1041 10014 90in 1001, 100 Rt 997, 100 10015 20 50 in West Shore 4s S, Treasury Wilks-B & Fi 1t i THE PARAMOUNT QUESTIONS 1064 971y in everyinvestment are—~hrst, 102 7 £ 10613 the character the security, L and the amount of the return. Our of 1197 1041 69, FIRST MORTGAGES make convineing answer to Aelined hoth questions. 1001, | of a 100 99 1080 | 1030 10t Real estate of our conserva- tive appraisement gives soand security and the return of inter- est is most attractive when the safety is considered. Century Withont a Loss Offered in from 50 up. amounts @ B. F. SAUL CO. 13:: | 025 1004 | 90 59 4 o Main 2100 15th St. NW. THERE 1S “NO SUBSEITUTE ROR SAPETY | will 6% 6% Tndex numbers of farm purchasing power and of agricultural and non- agricultural prices for various periods are given in the following table, in which the average for 1926 represents 1100: Farm purchasing Dower. 98.3 8.8 Aztieyl- No al cult prices. prices. 96.2 97.9 968 Week ended January 4. December 28 December 21 December 14 December ... Year ago0. November sverage October average Seplember average 323333 age. July “averaze June average. May average . April average . | Maich “average | | February aveiuge Janusry average. 1927 .. 1926 «Copyrignt. PKOSPECTS GOOD. NEW YORK, January 7 (P).—Presi- dent Storey of the Atchison. Topeka & | Santa Fe Ralilroad says that prospects are the road's showing in the early months of this vear will be ahead of last. During 1929. he said. the road spend _between $15,000,000 and $15,500.000 for equipment. There are 22555 33233323533 EEfeitote) é::::;;é”"““” 192 by Trving Pisher. 8 FINANCTAL.? ALCOHOL PINANCING common stock. The stock will be NEW YORK, January 7 (#).—Finane- | marketed in units of one share of $7 ing connected with the merger of five | dividend cumulative preferred stock and industrial alcohol companies into the | one-half share of common stock at Rossville Commercial Alcohol Corpora-| $108.50 a unit. Each preferred share tion will be completed today with an | will be cflnv?\‘(\hle into 2.2 shares of offering of convertible preferred and common. APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY the District of Colomhia n mbnrhq in Monigomery Georges Counties, Md. Loegted in and " adja and “Prince 5%% INTEREST ‘Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY OF AMERICA 1001 15th St. N.W. Main 8100 T T W T W W T T T W | 7.30% Average Yield COn Your Investments no large individual projects for addi- | tions and betterments to roadway and structures and no financing planned. SILYFR QUOTATIONS, NEW YORK January 7 (P) Mexican dollars, Em’ry $1,000 Earns 360 a Year « « « with Guaran- teed Safety Our hooks include names of prominen. Washingior- fans who realize the sotund- and safety of Guaranty t Mortgage Bonds and t Trust Notes, leld 6%. These Bonds and Notes are secured by fee-simple prop- erties in Washington 2nd its suburbs. You have choice of tvpe and location of your in- vestment. Bonds and Notes in de- Maturities from 1 to 8 years Send tor booklet. REALESTATE MORTGAGE & GUARANTY CoRPORATION Cqpital Resonrces § 3,400,000 24 JACKSON PLACE TRU Public Securities . Demand Loans Time Loans . . Bills Discounted . Real Estate . . Accrued Interest R Other Assets . . Capital . o o wn & Surplus and Undwuded l"rohtfi 5 Reserve for Contingencies Reserve for Vaxes, Interest, etc. Deposits . . . . Acceptances (Less in Pnrtfolm) . Notes Payable . Due to Foreign Offices Other Liabilities HOME OFFICE: LONDON: 10 Moorgate, E.C. 2; Bush House, Aldwych, W.C. 2 PARIS: 41 Rue Cambon (11 Boulevard de la Madeleine) MEXICO CITY: Calle Condesa No. 3 issued to nominations of $250 upwards. | Cash on Hand and in Banks Exchanges for Clearing House Due from Foreign Banks . Bonds and Mortgages . Other Stocks and Bonds How lo Get it Today! Isvesrors today are ofien perplesed hy the, problem of getting a satisfactory vield from se- curities, both stocks and bonds, under present ditions. That it is possible 1o get a Id with reasonable safety is pointed out and demonstrated in a series of articles beginning with the January 7 issue of Barron’s. These articles have been contributed by the winuers of the recent Barron's prize contests on “Investing for a Widow” and *Investing for a Business Man.” If present income is your first consideration, you will find these articles invaluable. This series is typieal of the practical and important investment information appearing in Barron’s continually. A vear’s subseription at $10 will secure these articles, as well as a year of profitable financial reading. Write to Barron’s, 44 Broad Street. New York City, to enter vour subscription, starting with the first number of this interesting series. BARRON’S The Vational Financial Weekly On All News Stands E VY SV SO VY YV VO VYIS HE EQUITABLE ST COMPANY OF NEW YORK Condition at the Close of Business, December 31, 1928 (including Foreign Offices) ASSETS . $ 47,561,519.77 129,692,920.90 14,310,671.99 7,685,165.00 32,768,733.94 23,612,432.18 107,391,197.23 118,239,314.02 127,152,379.15 . . .« . . &g e e e e Customers’ Liability on Acceptances (Less Anticipations) . T 44,768,159.57 16,388,483.03 1,708,407.16 1,080,912.58 $672,360,296.52 ec v:wdhlc % DY T R T LIABILITIES . 30,000,000.00 27,098,866.30 2,216,934.00 1,802,965.19 530,843,927.54 47,076,828.04 8,298,000.00 992,709.01 4,030,066.44 $672,360,296.52 $ eige %% 11 Broad Street, New York Foreign Offices :