Evening Star Newspaper, January 15, 1929, Page 15

FINANCIAL. BONDS FLUCTUATE IN MIXED MARKET Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Lite Ins. Co. 1520 K Street Main 475 Consult Us First If you need money for your Real Estate financing let us have your application today. Prompt Service No Appraisal Fee The Commercial National Company Incorporated Paid dp tal, $900.000 Commercial National Bank Blds. Uth and G Lib1stdys Price Changes Not Confined ot Any Group—Utilities Are Typical. BY CHARLES F. SPEARE. | Special Dispatch to The Star. NEW YORK, January 15.—Special | conditions had most to do with the| movements in bonds today. In the same type of issues there were those that advanced and others that de- clined, depending on the conditions of supply and demand surrounding them. Ist & 2nd TRUST MONEY On homes, buildings and business properties. No apprai- sal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. Main 1403 apartment 24 Jackson Place I WILL SELL £250 Washincton Auditorium 6%, 5,000 Jeffierson Apt. Ist 6%, 1939, 200 Units Real Estate Mortgage & Guaranty @ R'%. Units Wardman Mortrage & Discount @ : 500 Miller Tra. ntrol. International Bank @ 118, Crandall_pfd. Bid. mith i'c% pfd. @ ‘04. H. Smith brd. @ 834 rihern Virzinia Investment pld. @ 100. hington Baseball @ 62" t Natl. Insur THOMAS L. HUME 1412 G St. Main 1346 i ; i : i WHEN YOU LAND Sothat big order you have why mot THE W. D. CAMPBELL COMPANY 1018 15th B0 N 1508 L St N.W. Franklin * * * * * i * * * * * * * * > * * * * * * * > * * * * * § * * * * * * * * * * * * * * * * * ® * * b3 i * * * * * * * * * * * * * * * * * * ° °® * * * * * * * * * * * * * * nklin 5660 : 20000000000000000000008 o Emmeay LOANS On improved Property in Maryland and District of Columbia 6% Interest 2 No Commission Charges E !ER BRO REALTORS 809 15tk Street N.W. Main 9486 Mortgage Loan Corresp :ndent Metropolitan Life Insurance Continental Trust Co. 14th and H Streats Capital, $1,000,000.00 4. Checking Accounjs & Savings Accounfy “ Acceptance Credits Time Depositq Foreign Exchanges Travelers’ Credits Travelers’ Checques Collections Real Estate Loans teral Loans Investment Securities Corporate Trusts Individual Trusts Administratar, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE Il COOPER. President Capital, $1,000,000.00 || Nattona1 capital For instance, Atchison 4s and Union | Pacific 4!5s were strong, while Balti- more & Ohio 4s, Northern Pacific 4s| and Canadian Pacific 4s were heavy. In the public utilities DuQuesne Light 4';s were higher, selling around 101, or nearly a point above Phila- delphia Electric 413s. Philadelphia Co. | 51;s and Columbia Gas 5s moved in opposite directions for a while. Some of the United States Government is- sues were stronger and some showed a sagging tendency. The fear of higher money affected all of the quality issues. Outside of the foreign convertibles, which were irregular, there was a strong market for several of the South Ameri- cans, as the Uruguay 6s, Brazilian 6!2s and Bolivian 7s. | United States Rubber 5s advanced nearly a point, selling at the highest prices in months. International Tele- phone convertible 41,s were active and strong. A new demand has developed for the Minneapolis andl St. Louis and the Jowa Central bonds. Seaboard Florida 65 rallied above 70. « ‘The bond houses that deal chiefly in | high grade issues, which they supply to life insurance companies, savings banks, trustees and estates, complain of having difficulty in obtaining a suf- ficlent amount of these securities to satisfy their customers. There are several large orders in the market for railroad bonds and for tax-exempt issues. Those who have these orders me making slow progress in completing em. The testimony of all others who do a general bond business and who origi- nate as well as distribute bonds is not satisfactory or encouraging, so far as | the future outlook is concerned. Sales- imen have been giving much of their time in the past six months to stocks, s0 it is almost impossible to get them interested in their former work of sell- ing straight mortgage issues. They are always eager to canvass their terri- tory, however, when a bond issue of a H 1 1 3 tached is allotted to them. Mexico 45 04 asntd. certificates at 103. in 1920 with were held by few have anticipated payment. latest maturity of these issues is 1935. Washington St'ock Exchange SALES. Riggs National Bank—2 at 570, 5 at 570. Chevy Chase Dairy pfd.—10 at 107. National Mtge. & Inv. pfd.—300 at 5%, 20 at 53. AFTER CALL. Cll%l;al Traction Co.—1 at 106 o Potomac Electric 5% % pfd.—1 at 108%5. Washington Rwy. & Elec. gen. 6s '33— $5,000 at 1021, Porto Alegre 8: 108%, 10 at 10875, American Fire Insurance Co.—1 at 330. Capital Traction Co.—15 at 1067%,. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tels b e | & Tel 9 C. & P, . o a. Caplial “Traction K. K. City & Suburban 5s. Gedraeiown Gas. 1st 55 Potomac " Eiec. 1st 5 Potomac Elec. cos Potomac Eiec. 65 1939 Wash., Alex. & Mt. V. ctf.. Wash., Balto. & Annap 5s Washington Gas 5s...... asn. Gas G5, serles 4 | Wash. Gas 6s, Wash. Rwy, | Wash. Rwy. S i 102% MISCELLANEOUS. | v Berber & Ross Inc 613 Cnam-Vanoit Hotel 6 Chestnut Farms Dairy 635, Cnevy Chase Club 5tas... W. M. C % { Wasn Cons_Title Co. 6: | Wardman Park Hotel 5ias. PUBLIC UTILITY. Tel. & Telga ‘tracion Co. ec. NATIONAL BANK. | Gotumb.a Comnic. cial < dak of Washiny. TRUST COMPA: [ -rican Security & Trust.... : b [ Uhion LTUSE. . o b R Wasnigion Loan & Trust [ SAVINGS BANK. 0 ! Uniteq States Washington Mechanic | IN: b TITLE INSURANCE. | Columbia Title. ;o e ! keal Estate didle...", s « Titie & luv. Co. of Md : 3 | Wash. Cous, Title pfd MISCELLANEOUS. | Barber & Ross. Inc., Cuevy GChuse Dairy Cnestnut Farms Dairy con Cnesinut_Farms Dairy pfd Col. Sand & Gravel pld. . Commercial Natl. Co. C. Paper Mig. pfd Dist. Natl. Securities p Fedéral Siorage pid...... Federal-American Co. con Federal-American DI LanstonMonotype. . | Merch. Trans. & St Merch. Trans. & Storage pid | Mergenthaler ‘Linotype . Natl. Mtge. & Iny. pid Peoples Drug_ Sto: Security Storage... .. & whrs. Cot v. Hall pfd h. Mech. Mtge. coin. | Wash Medical Blds. Corp | Woodward & Lowhrop vtd. “Ex dividend. S S 0il Outlook. NEW YORK, January 15 (P).—Ab- sorption of small oil companies by | larger concerns, a better export situa- | tion and efforts to regulate production, | Wall Street traders in oil stocks assert, | point o better things for oil before the end of the year. They claim the situa- { tion is improving despite increased pro- duction. Stocks Make Headway. NEW YORK, January 15 (4).—Some stocks that made little headway or de- clined in the latter part of 1928 are acting better now. This is reported to be due in part to rebuying of these is- people who sold for tax pur- sues by Argentine 5s. . Argentine 6s Ju 59, Argentine May '61. Argentine 6s Oct 59 Argenting Argeniine Argentine 6s B. Bank of Chile 6 Belgium 6s. Belgium 6%, Belgium 7s Today the Great Northern Raiiway|Milan 6ls. is paying off all of its 6 per cent United | Montevideo 7 States Government equipment trust | Netherlands 6s54.. 21 100% 10 Of the many roads | Netherlands 6s72.. 14 106 that financed their equipment purchases | New So Wales 57s bonds, which for a time | New So Wales 58s. the Government and later | Nord 64s. distributed to the public, comparatively | Norway 5 1963. The | Norway 5%s . Norway 6s 19 }‘:'orwlyfil 1944. Rhis Rio de Janeffo 6%s L1 Rio de Jan §s 1946. . Rio Gr Do Sul 8s. Rome 6%s. . San Paulo City 8 Sao Paulo 85 1 Sao Paulo 1950 12 5 61 103 26 105 30 10530 10530 6 11030 11029 11030 'FOR Bales. High. Low. . 22 96% Bolivia 8s. . Bordeaux 6s. Brazil 614s 1926, Brazil 618 1927, Brazil 7s. Brazil 8s. Bremen State 7i Canada 53 193 Canada 5s 195. Canada 5%s 1929 Chile 6s '60 Chile fis'61 Chile 751943, Christiania 6s. .. Colombia 6s Jan'61. Copenhagen 4%s 53 Copenhagen 58 ct Cuba 63%s. . . Crecho 85 1951...., Czecho 88 1952..... Denmark 414 Denmark 63 Duteh East 1 6547, Dutch East I 65 62.. Fiat 7s war "46..... Fiat 7s x war Finland s £ 68 '45... Finland 7s . Framerican 7%8s. French 7s.. French 7%s.. cevee Greek 7s..... Haiti 6s... Hungary 7% rish Kree State § taly 7s. Italian P . apane: apanese 638 Lyon 6s. convertible type or with warrants at- | Marseille 6s.... Norway 648 195 Orient Dev deb 6: P: aris-Ly-Med Par; 5 Paris Orleans 5%s. National Bank of Washington—3 at 312. | Peru 6s 67 w 1. Poland 65 40 6 8| botand 7s (rets) Poland 8s. Prague 74%s.. Washington Gas Light—10 at 108, 10 at | Queensiand 7s hil EP 2 ‘st BP 6s'53 Serbs Cr Slav 7s. Serbs Crot Slo 8s... hinyetsu 6%s 52 Soissons 6s. Sweden 65 Swiss 5%s 1946 Swiss Confed 8s. ... | Tokio 5s. ... Tokio 5% 1961. Utd Kingm 5%s 29, 54 118% 118 Utd Kingm 5%s37. 13 104 Utd SteamCopen 68 i Vienna 6 ' MISCELL { Abram&Straus 5%# 18 118 Ajax Rubber 83 AmAgriChem 713, Am Chain 6s'33.... Am Cotton Ol 5s.. . Am NatGas 6% 842 AnSmit& R Ist 5s. Am Sugar Ref 6s. AmT & Teltr4s.. Am T & T cl tr b A | Am Tel & Tel 5% Am Water Wk 5 Am Wrtg Pap 6s Anaconda 1st bx Anaconda cv db 7s. | Armour&Co 414839 Armour Del Assoerated Oil 6 At Gulf S 5s. Atlantic Retin Rarnsdall 63 1 Barnsdl 6s w o war mT&TSsI 58 las. sell Tel Pa 53 B. sethiehm Stl pm bs eth Steel 538 53. . Bethlehem Steel 6s. sklyn Edison 5s. .. sush Term Bdg 5s. Certain-Td5 % srcts Chile Colon Oil 6s 38 Col Gas&El deb Copper 58 “on Gas N Y b3s. . Cuba Cane 8 Cuban Am Sug 8s. Dery (D G) 75 § . | Datroi L1 + | Detroit & 150n5840., ison 6s. . Dodge 68........00 29 Duquesne 413 67.. Gen Cable 5135’47, ien Mot Ac Cor 6s. Goodrich 614s.. Goodyear 55 rets. Hoe & Co 6%, Humble 011 5. .... Humble O & R 5%s. 11iinols Bell 1st 53 1linois Steel 4%s. , Indiana Steel 5s. ... | Intl Cement 53 48 Intl Match 5 47. Int Mer Marine 6s. . int Paper 68 47 Inter Paper 6s..... int Tel&Telex 41%4s. Int Tel&Tel 4% s wi Kan City P & 1. Kan G & E 6s Lackaw Laclede Laclede G 5%s 52, . Loew's Inc 6s Loew's W owar. Lorillard s Lorillard 5%s. . Lorillard (1) 7 Louisv G & Eb ManatiSug st 7%s. Mid-Con 6% 40. Midvale Steel 55, Mont Pow 58 43.... Mont Power deb 55 Nat Dairy 5%s. ... Nat Radiator 6. Nat Tub 1st 5. NewEnglandT NY Edison 65 44 N Y [2dison 6%s. NYGELH&P4 NYGELH&Pbs North Am Edis No Am Ed b¥es '§3. . 67 100% 100t 100% | ot Bl ro 5. Nor States Pow 6s. Nor Stat 'ow 68. Pacific Gas & Fl 5s. PacT & T 1st bs... Pan-Amer Pete 6s.. Paramount §s 1947. Pathe Exchange 7s. People s Gas 58.... PhilaCo 6367 w 1 Close 1003 1003 1004 1006 9728 9728 981 981 10229 10229 98 981 EIGN. Philips Petro 6%s.. 5 100 100% 100% | por Ric Am Tob 6 9 100% 100 100 | pogia] Tel & C 534S, 710013 1001 100% | pressd Steel Car 55 10 96 =~ 95% 96 |pyuplic Service 4%s 8 100% 100 100%| RemingtonAr 6s 32 26 100% 100 100 | pSTAECORATCH DS 35 hee Soi oot |SinclalrOll6s...... 96 agy, | Sinclair Oll 6%s... 103% 103 " | Sinclair Ol s. .. G Sinclair Crude 5% o Sin Pipe Line 5s... 99 Skelly Ofl 5148 12 96% 2 103 8 93 1L 991 % 108% 106 | Southwest Bell bs. . 107% 108 | Siana Oil N J 58 46. 1”5‘7 1‘:‘? . | SugarEstOriente7s. 1134 | TennElecPow 6s 47 941, | Transcontl Ol 6% s 8 106 10 108 941 103% 1 99 945 17 95% 9% 95 4 100 100% 100% 14 10813 108 108 11020 102 1024 6101 101 101 16 104 103% 103% 100t 100 100 | Westn Union 5s 51. 9315 933 | Westn Unton 63s.. % 4| Westinghouse 5s. 101 101 | White Eagle 05 J01 101 | Willys-Ov 6%s 90% 90% | Wilson & Co 1st 6: Yngstn S&T Ss wi. 9615 US Rub 1st rf bs Utilities Powr 5%s. Vertientes Sug 7s.. Warner Sug 7s 39 West klec bs. 5 1031% 102'y 14 110 1097 110 12 110 109% 110 113 89% BN 8% 18 104% 104'e 104% | Atlantic CL 1st 4s. 7 103% 103% 103% | Atlantic C L 414s 64 6 1034 103% 103% | B & O Gold 48 2169 169 169 |B&Ocv4alss. 68 100% 100 100 |B&Orefbs.. 7 96% 96 96% | B & O5s 2000 D 26 100% 100 100 |B & O rtimp 6s. 5 105k 105% 1 B&O SWhs 50. 40 107% 107% B & O Toledo 45 32 112t 1124 1121 | Boston & Maine 5 7 94 93 93 |Brdway&ith Avbs, 16 1067 106% 1064 | Brooklyn Elec 6%s. 2 98 98 Brooklyn Elev 6% 4 98 97y 98 |Bklyn Mannatés... 2101 100% 101 |Canada South 5s. 3 101's 101 101 Can Nat 4%s 30 8 96 954 96 |Can Nat4less? 40 974 Canad North 6% 6 95 Canad North 7s. . Canad Pacdeb 4s. . Can Pac 4145 46. Car Clinch & O 5s. Car Clinch&O 63 52. Central of Ga 5138. Central of Ga 6s. .. Central Pacific 4s. Cent Pac 1st 58 40 Chesa Corp bs w 1. Ches & O cv 414s. Ches & O gn 4% Chi & Alton 3138 Atchison adj 4s Atchison gen 4s.... Atl & Dan 1st 4s 43, 943 95 2 92 92 23 101% 101% 101% 9 9 9 W 11 99% 99 99 821 i 91 18 90 895, 90 11024 1024 102% 100 105% 105% 12944 94 94y 3 9% 941s 94ly 1102 102 102 9 f97 M9y "oy 24 101% 101% 101% 8 103 102% 103 29 103 102% 103 3 1084 103 30 97% 97 47 993 3 103% 103% 103% | Chi & NW gen 4s. 8 96 957 96 |Chi NW 4355 2037 89'% 89 8913 Chi & NW 61s. 8915 89% | Chi Rys 6s. . Chi B&Q gen 48 53. CB&Q4%s71B. 97 | ChIMiISP&Pac5s75. 145 821 1L 88% 88 88 11 99 98% 98T 5 105% 105% 1C5% 7 106% 105% 105% 10 109 108% 108% 15 93 92% 93 1 5 95 95% 94% 95% 2 106% 106 106% 1 105% 105% 105% 31 9% 91 91 2113 113 113 2106 106 106 2106 106 106 99N 991 993 12 106% 106% 106's 11 8l 80% Bl% 15 95 94 94 2 91'% 91's 9% T 98% 98 98% 4 102% 102% 1 9 105% 103 103 110 7% TT% 89% 89% 118% 103% 103% 9% 9% 147 8214 ChiTH &S Ebs, ChiUn Sta 4%s.. Chi Union Sta bs Chi Union Sta 5s 44 Chi Union Sta 6%s. Chi& W iIndcn 48 CCC & St L 5s D. CcCCastLrt Clev Term bs. Clev Term 5 5 Cuba Nor 6%s cts D Rlo G West §s. ... DRG & Wst 6378 Des M & Ft D 4s Erie 1st cons 4s Erie Gen4s.....e00 Erieconv 4s B... Eriecvt 58 67 wi... Erie (Pa) clt tr 4s.. Kla Bast C 5s 74 Gr Trunk stdb 6: Grand Trunk Gt Nor 41376 Great North 8..... Great North 5%s. . Great Nor gen s... Hav EI Ry 5%8 51.. Hocking Val 43%s. Hud & Man 5. Hud & Man ref 58 11l Cent ref 4s 111 Cent 43 53. 111 Cent 4% 66. 11-C-C-StL&NO 5s. Int Rapid Tran 5s.. Int Rap Tr 53 stpd. 1003 101 | int Rapid Tran 6s. . 104 104% | Int Jap Trans 7s 99% 99% | Int & G Nor 1st 104'% 104" 104% 1047 107 98% Siln 105 190 ANEOUS. 11 10. 9715 99 99 96 96 T4 117% e 1031 1 97 A 6lsrct. 1074 | lowa Cent 15t bs. 47y | Kan City Ft S 4s 105" | Kansas City 8 3 190 | KKansas City S 5 Kan City Term 4s. Lake Shore 4331.. . LehiVgen 4165 2003 Long Is deb 58 34.. L & N 41382003, Louts & Nash 7s... Man Ry ~ | Man Ry 100% 1003 | Market St 78 40. ..+ 103% 103! | Mil EI Ry & L 58 51 1045 10145 StLref 4s. . 105 105 W 103% 103% | 81 8l 94% 95 1120 11235 99% 100 A 1053 107 78 M St P&SSM cn 4s. MK &T Istds. ... MK&T4sB MK & T adj 58. MK&TprinbsA Mo Pacific gen 4s. . Mo ac 5s K 77. Mo Pacific 55 G '78. Mont Trm ref 53 41. Nassau El 4s 51 NOTex &M 5s INOT & M5%S. N Y Cen gen 3%s N Y Cent deb 4s. NYCentrfis. { Y Cent deb 6s.... & StL deb 4s.. NYChi&StL b3 sA . NYChi&StL 5%s B. NY Sus&Wn gen 5s NYNH&H4s3 NYNH&H4%s.. NY NH&H cv db 6s N Y Rys6865..... N Y State Ry 4%s.. Nor & S gen 58 64.. Norfolk & W en 4 107% 10714 103 103 100'; 100% 98l 9% 108 103 107 10 93 93% | 86 86 100% 1001 101t 101% 1045 1041 981k 981y 10440 104% 110% 1101 4 981 100% 9814 1084 100% 96 6 91% 1945111% 135 10515 1050 102 9114 110% 110% 133 133% 10515 105% 105 105 102 102 101 1014 105 105 116 116% 100 1004 86% 8oty 861y - Boie 12 132 4 103% 103% 99% 100% 105 105 100 160 103% 104 100 100 95% 96% K Northern Pacr i 6s. Ore Short L rfs 4s. Wash 1st 4s. Pennsyl gen 4%s. . Penna R R ¢%s'63. Pennsyl gen 5s. Pennsyl 5s 64 Pennsyl 6%s . Pennsyl gold 78.... Pere Marq 1st b: PCC&StLbs A PCC&SLL 58 B 75 Portland EI P L 6 Reading gen 4%s RI0G W 1st 4s. Rio G West cl 4s. RIArk& L 4%s. StL IM&S gn 68 31. 1 SIL&SFpl4sA. StL&SFratsis. StL&SF prinbs. SULS W Istds.... StLS W con 4s 32. SUP & KCShL 4%s. San A & Arn P 4s., Seaboard A L ds... SeabAL ad) 55 1949 Seab A Licon 6s.,., % 108% 106 106 10374 104% 11475 1147 931 93 107 107 4100 100t 106% 106% 101% 1014 15 35 1013 101 1014 Sales. 99% 99% | CMSP&Pacadj5s03.1 High. 4 10 5 i I ON NEW YORK BONDS@ Received by Private Wire Direct to Tho Star Office UNITED STATES, (Saias are 1o $1.000.4 Bales. Hixh. Low. 5 100 3 Lib 4th 4%s 238 1005 ZLow. Close. 101% 101% | 106 106! 1015 101% 102% 1025 10413 1044 100': 100t R 8043 105% 185 1004 94% 99 9 934 1034 104t + 102%% 031, | United Drug 58 33. . @ 10243 1024 14 100% RAILROAD. 9215 981y Chi & Alt3%s ctfs. 3 28 87 07 53 16 41 16 104% 8Oy 97 107 107% 975 10 107 1 3 19 32 i Nor Pac 3s 2047..., ! Northern Pacific 4s. 2 St L IM&S R&G 49, 2 97 106% 1024 96% 9t 1013 107% 1004 935 97 8315 1027 1025y 110 104% 104% 101% 102 100% 8%in 101% 101 10914 102% 834 981 2% 941y 108% 105 100% 901y 2 11% 68'4 98% 8214 85 86 108% 101 5% 1063 1063 974 106% 107 2% 824 9013 119% 20% THE EVENING STAR. WASHINGTON, D. C. TUESDAY, JANUARY 15, U. S. BANK DEPOSITS |MANUFACTURING GAINS SHOW LARGE GAINS Special Dispatch to The NEW YORK, January 15.—Deposits in American banks are growing rapid- ly. Two banks in New York—the Na- tional City and the Chase National— have deposits of more than $1,000,000,- 000 each. Five other banks in New York City have deposits of more than $500,000,000—the Guaranty Trust, Amer- ijcan Exchange Irving Trust, National Bank of Commerce, Bankers’ Trust and Equitable Trust. Seventeen other New York City banks have deposits of more than $100,000,000. The largest gain in New York in bank deposits _during the last 12 months was by the Bank of Manhattan, which increased its deposits from $215,- 820,000 to $465,000,000, a gain of 110 per cent during the year. Following closely was the Bank of America, which increased from $167,- 000,000 to $317,000.000, a gain of near- ly 90 per cent. This is the bank as- sociated with the Bank of Italy in California and other Giannini interests. Only three banks in New York re- port a decrease in deposits, and two of these are small. Machine Tool Inquiry. NEW YORK, January 15 (#).—In- quiry for machine tools from automo- tive, aeronautical and agricultural equipment makers is improving, and reports from nearly all sections of the country indicate that the holiday lull has been shorter than in previous years, says the American Machinist. Stock Supply Increase. NEW YORK, January 15 (@.— Floating supply of United States Steel Corporation common stock on December 31 as indicated by stock in brokers’ names increased 13,822 shares to 1,718, 256, or 24.15 per cent of the total issue of 7,116,235, over the September figure. On December 31, 1927, the floating sup- ply was 1,787,162 shares, or 25.11 per cent of total. NEW EXCHANG-E URGED. CHICAGO, January 15 (P).—A pro- posal to establish future trading in po- tatoes, apples, milk products and can- ned goods has been made to members of the Chicago Mercantile Exchange in the annual message of its president, C. J. Eldredge. The exchange now deals only in butter and egg futures. Eldredge declared that future trad- ing provided the best means yet de- vised to protect crop growers in ad- vance of marketing. Vandalia (Ill.) century-old Presby- terlan_Church owns the first bell used by a Protestant church in Illinois. High. Low. Close. 1% 69% Ti1% 70'% 5 0% 99% 92 Sales. SBANFIa6s35 A, 43 SB All Fla 633 4 Sou Pac 4s 29. Sou Pacific ref Sou Pac 4'zsrets.. Sou Ry gen 4s. . Sou Ry Con §s. Sou Ry 65 56 Sou Ry 6% Sou Ry Mo & O 4s.. TexArk FS 5148 50. Tex & Pac 5sB 1977 Third Ave ref 4s 60. Third Ave 1st §s Third Ave adj 5s, Tol Tr L&P 5% 30. Union Pac st 4s Union Pac 1st rf 4 Unlon Pacific 4s 68. Union Pac 4% 67 Virginia Ry 1st 5s.. Va Ry & P 5s. Whash 41s 78 rets. Wabash 53 76 B. West Maryland 48 Western Md 5% Western Pacific 58. West Shora 4z 2361 A. B 964 6215 Departmental patrons. identify you with our Department. 3% Compound Interest Paid on Savings Baltimore. Md. Wilkes.Barre Pa, Wilmington, Del. 1929. SHOWN IN BALTIMORE Special Dispatch to The Star. BALTIMORE, January 15.—Prelimi- nary figures of Baltimore’s manufactur- ing census for 1927 have been released by the United States Department of Commerce through the Industrial Bureau of the Baltimore Association of Commerce. The figures for 1927 show there were 2,075 manufacturing industries in Bal- timore, with an average number of wage earners of 83,285. The total value of products amounted to $702,053,762, while the cost of ma- terials amounted to $431,648,630. Wages paid were $94,078,374. . According to the director of the In- dustrial Bureau the total value of Bal- timore's manufactured products in 1927 was the highest in the history of the city, the highest previous total being in 1925, when the value was $678,947,199. The tota! number of manufacturing establishments also was the highest in {;c?sgsyeal’s, exceeding by 60 the total Pig Iron Production. NEW YORK, January 15 (#).—United States pig iron production in 1928 in- 306 _tons in 1927 creased to 37,837,804 tons from 36,232,- | —_— Money to Loan Secured by first deed of trust on re: Prevailing interest and commission. Joseph 1. Weller 3 Wash. L. & Traxt UNLISTED Stocks & Bonds Bought—Sold—Quoted MEHLMAN & COMPANY PO 6% Unconditionally GUARANTEED' - Guaranteed Safety for January Funds Duty to loved ones and self forbids taking chances with hard earned money. That’s why so many think- ing investors are purchas- ing our 6% First Mortgage Notes secured by modern homes in nearby Mary- land. This strong pany absolutely guarantees the safety of principal; also the prompt payment of interest on specified dates. flfl'i alNYESTM["T Co com- National Metropolitan Bank 15th St., Opposite U."S. Treasury And So You Lost Your Interest 'OU’RE worried. You have just discovered that you Yare still holding a bond which was called for pay- ment at a premium, and on which interest ceased some seven months ago. You realize that you haven't the time to give proper attention to your securities. How, then, can you avoid such losses in the future? An Iglehart bond man,whose assistance is yours for the ask- ing, will take care of that for you. He will see that the securities you hold are watched carefully, and advise you of developments which merit your attention. And, if you wish, he will relieve you of the details of having your called bond redeemed. J-A.\U. Iglehart & Co. Investment Bankers 719 FIFTEENTH ST, N. W. - WASHINGTON, D. C. Open Until 5:30 P.M. Today Extra banking hours today, at this popular Payday depository, for the accommodation of our many fAs little as a single Dollar will Sayings Capital, Surplus & Undivided Profits, Over $2,000,000.00 —115 Years Old Clarksburg, W. Ve, Richmond, Va, Charleston, W. Va, FINANCTAEL. SUDDEN RISES IN MONEY RATES ARE HELD LIKELY By the Assoclated Press. NEW YORK, January 15.—Presen money rates are regarded in banking circles as comparatively easy and sub- ject to sudden advances. Although par- ticipation of corporations in the call i L ening of credit, bankers now are ine clined to believe that internatiomal gold| movements will in the near future play | a larger part, especially since the policy ¢ | of holding gold rescrves under earmark here was resumed by other nations, particularly France. Inceases in earmarkings, combined with heavy withdrawal of corporate funds, it was said, might be expected money market for some time has been|to send money as high as 12 per cent to a degree responsible for sudden tight-'at any month end. Pl b e Bt 2k o st S FINANCIAL STATEMENT. REAL ESTATE MORTGAGE & GUARANTY CORPORATION, DECEMBER 31, 1928, ASSETS. Cash on deposit in bank: Real estate mort«age bond: Real estate mortgage lcans Furniture and fixtures. .. Total assets LIABILITIES. Due borrowers on approved loans. Notes pavable—oank. [C4ns.. Dividends payable (Dec. 31 1928 Accrued interest cnd other Collateral trust rold bonds Capital stock ... . Surplus and reserves. . AUDIT CERTIFICATE. T hereby certify the foregoing financial statement in condensed form to be, in my opinion, a correct statement of the Real Estate Mortgage & Guaranty Corporation as of December 31, 1923. (Signed) WM. GORDON BUCHANAN. Certified Public Accountant. John W. Brawner, L. E. Breuninger, Henry L. Breuninger, Arthur Carr, Charles A. Carry, Fred Drew, T. C. Dulin, C. 8. Dunean, Frank H. Edmonds, Edward C. Ern: Hayden Johnson, 8ol Lansburgh, William Muehlelsen. R. L. Neuhauser, Horace G. Smithy, Thomas Somerville, Thomas Somerville, Jr.. Anton Stephan, W. F. Stickle, Donald Woodward, Directors. F. B. KEECH & COMPANY Members New York Rubber Exchange Chicago Board of Trade New York Cotton Exchange New Orleans Cotton Exchange New York Coffee and Ségar Liverpool Cotton Exchange, Ltd. Exchange (Associate members) 1510 H STREET N.W. WASHINGTON, D. C. BRANCH OFFICE—CARLTON HOTEL (Mezzanine Floor) Philadelphia The Ritz-Carlton Chicago 231 So. La Salle St. Private Wires to Chicago New York Philadelphia New York Stock Exchange Washington Stock Exchange Chicago Stock Exchange New York Curb Market New York 52 Broadway d rovidenc Grosvenor Building Baltimore Boston Providence Richmond Telephone Main 245-6-7 Cable “Keechco” SAFE FIRIST MORTGAGES A TOO HIGH YIELD IS A DANGER SIGNAL The allurement of big return shouldn’t blind to the safety of You are not speculating when you buy our 6% FIRST MORTGAGES an investment. A Third of & Century Without ' They are definitely secured: Tocs and the interest money assured promptly on each due date. B. F. SAUL CO. Main 2100 925 15th St. N.W. THERE IS NQ SUBSTITUTE FOR SAFETY Now ready for . distribution Acopy of this sixteen-page booklet, which sug- gests sound invest- ments for your funds, will be sent on request. Mail the coupon for rour copy now. GrLLeT & Co. BANKERS INVESTMENT BUILDING Washing! D. Telephone Main 2460 Ask For Booklet WS19 BALTIMORE. MD. . EASTON. MD. Lisht & Redwood Sts. Stewart Building Name Street City & State .