Evening Star Newspaper, January 29, 1929, Page 15

- T\ - - p s TCIAT FINANCIAL. THE EVENING STAR. WASHINGTON, D. €., TUESDAY, JANUARY 929, 1929 FINANCIAT . 15 e —— e e B o i R ik SO ietiesien - - stocks it seems improbable that call; g9 ing been operated by receivers of the N NEW YORK STOCK EXCHA! E ’ rates will fall lower than the 6 per cent 42 MILE RAlLROAD court for 18 months. A public state- rate reached in January. Fluctuations IS SOLD AT AUCTIQN | mentsaid the road during the receiver- will prol;;hl& be err?uc' nm; hxlve ":t‘- ship had earned nxld cfims txcegf porary effects upon the trend of security | special Dispatch to The Star. interest on bonds an made sul Received by Private Wire Direct to The Star Office | prices. ROMENY, W. Va., January 20.—The | stantial improvements to the physical UNITED STATES, Sales. High, Low. Close. (Goupciahts 1OR) Winchester & Western Railfoad, a 42- | property. The receivers who operated it (Saine are (o $3.000 1 Paramount 65 1947, 6 100 994 100 | T mile stretch running from Winchester, | were H. 8. Larrick and H. Sencin- Sales. High. Low. Close 8. 1 R2% INCREASE IN CANADIAN Va,, to Wardensville, W. Va., was bought | diver, Winchester, Va., and A. C. Lib31%s.... 36 9 93 3 105% “ <, |at public auction here Saturday for a | Nadenbousch, this city. The committee Lib1st4%s S 1003 100 100 20 5 w 16 991y 9 TRADE SHOWN FOR YEAR | committee of bondholders for $200,000 | of bondholders will ask a new charter, A Fr Lib 4th4%s 113 1006 1004 1006 Phila&ReadC&l 5s. 11 93 B 3 BY KENNETH S. VAN STRUM. and will continue to be operated after |it was stated. Receivership was forced Market Is Q H t—Lar e VO" US3%s43. 95 9722 9721 9721 |Philips Petrosiy 21 92% Frmt and Vegetab]e Receu][s SF e y By the Associated Pre: reorganization of the company, H. S.|18 months ago by petition of Willlam uie g usimsan 1 er2s oo For Rio Am Tob s, 12 103 NEW YORK, January 20.—1t is safe| OTTAWA, Ontario, January 20.— |Larrick, Winchester, V. Who acted for | L. Sherman. a creditor. The road was A [ 1024 stal Tel & C .25 93% 5 g ” the committee, announced. uilt by the late lam B, Cornwell of ume of New Offerings 10: 3 1053 | Pressd St Are Plentiful at D. C. to sny that Wall Streets bankers havs | Canage's: total'trade) duzing, 1028 The road was offered under orders | Winchester some years ago. It traverses 35 1107 1107 | Public Ser paveE bE.:n ;‘:fl:’“’ltlefl as at the ;"fi"‘ T o8 7 06448113, an Increase |of the United States Court for the | Virzinia and West Virginia land rich in . RemingtonAr 3 me., cult currency situation | of 548, over , the Dom| ern di of West Virginia, ha timber stand and grazing flelds. Listed. FOREIGN. Rem Rnd 5% 8 war. 11 944 Market. abroad, unprecedented stock speculation | Bureau' of Statistics announced today. | Lortiern district Vieginia grazing Sales. High. un: lens;n Sinclair Of1 .20 99m at home and the desire of the banks to [ Total exports exceeded imports by $151, Argentinebs...... 4 9‘#:'- 9.(1’1: ,-“1”: Sinclair O11 8% 82 101% promote healthy business expansion are [ 352,281, the figures being: Exports, S nee LR Atientine g iy, 71001 1003 100 [ERRIEONSNS. o+ 02 101 Snappy weather this morning drove | Some of the factors which are bewilder- | $1,374,130,197; imports, $1,232,317.916. ‘ Sencine Mazilh S o2 4004 100 S1000 iR RN U cae AR, commission merchants to cover, pre- |IDE DANKING authorities. Future bank-| Agricultural and vegetable products Epecial Dispatch to The sm,s o . ::i:w”rr‘;a;‘;;c,rsgfi 4 l-z".;\‘ u'rw (W: Sin Pipe Line 58... 10 93 benhing TRAL e iae et di‘pl s | Ik gflhcy 1s"nr trerlx;cndous importance | accounted for over 50 per cent of the NEW YORK, January 29.—The most | o 31 O8% O6% S South Bell Tel 53 1108% vent! e dis |to_the security markets. export trade, those commodities total- iraportant incident In- the mivestment | AFESDNIne 43'A.... 7 100 100y 100 | South Ball Tel5a. 1 10 of frult and vegeables from ail sec- | the beginning o ‘the present aum-|{ng"SesToThseo. increase of more F. B. KEECH & COMPANY . 6 100 3 1 5 31 y s really be v eserve | than 000,000 over 1927. Wood an situation today was the public state- 12 8T 8 SiAnd DI NIIRNss. 17 100 :‘e"c‘“ at "‘: SURSY, oulbw apl Me"‘“"b' banks secision in 1027 to asslst In re- | paper exports amounizd to $280,125.44, Members ment by one of the largest distributors 15 :_‘ ;‘3,." Tena Copper 6841, 11 107 |Resanse: ‘o the low temperature last |establishing forelgn currencies on & or somewhat over #§000,000 increase New York Stock Exchange New York Rubber Exchan, that conditions are now favorable to N e TennklecPow 6547 15 106 night it became necessary for such sound hesis. The flow of vacess goid 10| over the previous year. Washington Stock Exchange Chicago Board of Trade the purchase of high grade bonds it Transcontl O!1 6%s 6 1011, 1004 |merchanta lo start their fires in stoves | GUSIF couniries was indiced by artl-| “The largest import ‘g"’ werefron Chicago Stock Exchange New York Cotton Exchange It was pointed out that, due to the | Ba0K ofChile6Xa. 15 991 8% United Drug 58 63 968 96 [on_the sidewalks, Uf"fhé"mm" ng l""?!‘?!{ Tml k"’: 4 l‘('e and its products, of wh§ Canada im- New York Curb Market New Orleans Cotton Exchange freat actvity tn the stock market, bonds | Pnk of Chile 13 100% 100% 1004 oo oz x| Express deliverien from ihe Eouth | e Seplirly markets wers quiek o take ported $322089.144, or nearly $15,000,- New York Coffee and Sugar Liverpool Cotton Exchange, Lid. have been neglected and are selling at | e 109t 109 109ty ‘est continue s morning with- | HCSTAEE BF eRsy Mo i 0y more than in . Exchange (Associate members) the lowest level in some years. The | Belgtum 6% e ot 00 |out the receipts sustaining damage as |[€ M Stoek values began which greatly | “'rpe British Empire in the aggregate intimation was made that purchases | Belgtum Lo "950s 10506 | Tomult of o fraeaios i ke s increased the demand for credit to CaITY | was Canada's best customer during the 1510 H STREET N.W., WASHINGTON, D. C. S lTeotnd would Rltimately be foiths it e 8515 receipts of kale and small qugntities | 5C¥ O mATg. year, taking goods valued at $545453,- BRANCH OFFICE—CARLTO advantage of those who made them. i o S of spinach came from the Norfolk, Va., Banks Curtail Loans. 731, an increase of §45,000,000 over the —CARLTON HOTEL The second development, of signifi- 2 i 93l i9sn 1 10815 fetion and Were offered at prices | Ay first the New York and out-of-|Previous 12 months (seansine Eieots eance was the large voiume of new 13 1028 102 102 2 109% dealers considered cheap for this sea- |town banks met the inereased demands| The United States was Canada’s sec- New York Philadelphia Providence bonds brought out today amounting 11000 99% 100% 2 102% son of the year. for speculative funds. The point was|Ond best customer. purchasing goods 52 Broadwa The Ritz-Carlt G Buildi to about §54.000.000 and entirely over- | OTSSelEIe.seeee 8 100 ORIS 100 %833, 12 1018 Recelpts of strawberries from Florida | reached, however, where gold exports | Valued at $402,541,120, an increase of | EORaway e Ritz-Carlton Grosvenor Building shadowing the offers of stocks. AMONZ | grani) g1g 1027, 0s 27 96 981 96% | Wilson & Co 1st 6w, 5 103 Dave been fairly heavy since the close |made it necessary to cut qown on our | $18.000000 over the previous year. On Chicago ihese were the $32.000,000 issue of the | Bra%ii#H "0 14 1004 100 100 | WinRepeatAr 1148, 2 107% o jiost Wweek's market, most of the luse of credit unless the reserve banks|the other hand, Canada bought from Failvay Bxprese Agency o i par, si0. | B2l 12 o 100k 108 | AR A T . ELOTH frult being fancy stock. The berries |were willing to expand thelr credit fac | the nelghboring republic - commodities 231 So. La Salle St. 000,000 Republic of Cuba 5'»s at par 130000 Kentucky Utiities first | Canada 65 131 7 1007 1007 1007 wers plentiful enough yesterday and | cilities, ‘This they refused to do, because | vaiued at $825,840,612, an increase of ind $8150000 Kentucky U St | Canada g 195 L e RAILROAD, today to bring the price down to as low mortgage 5s at 99. altogether a very e the money was being used to support | $115,000,000 over 1927. Private Wires to 7 Canada 53 we. 4100 100 100 |AnnArbor 4 1 764 T6% as 40 cents. Some stock not so good |stock market operations They went —— e - Baltimore Chicago Providence bigh grade group of investment issues. | (RIS 538 1929, 4 A e sold as low as 30 cents. even further and urged member banks ICHMOND BA = s i Yl 5 e The market for old bonds was dull, | G gg gy 11 b4 93% AtlanticC L 1st4s, 2 Other Fruit Receipts. to cut down their gtock loans. The New | RIC ND BANKS’ GAIN oston ew York ichmon even more so than it has been lately, | oy 1o 94 1943 6103 102 AtlantisCLeids.. 1 9% a9% All : - 7 York banks, especlally, were prompt in | Philadelphia and there was an absehice of trend in | qi® 18 (A3 s ee: |8 B&0Qold 4 921 lgator pears, product of Call-!opeving and by Midsummer their| IN RESOURCES IS SHOWN Telephone Main 245-6-7 le " the better grade members of the list. [ g ot ted _h’;”" R 8914 98% fornia, were fairly plentiful this morn- | yrokers' joans had decreased sharply. phone Main 245-6- Cable “Keecheo' The convertibles were moderately active, . 9 4 B9 ' Con Pow JapanT7s.. 6 992 99 99 as were several of the low-priced rail A e International Telephone 4';s held [ SORSINAESH 26552 29 S0 4 B0 well up toward their high price of the | copa 51 10 108% 109t 108 movement. International Cement €on- | czecho 5 5 1104 110% 1101 vertible 5s were at one time 3': points | czecho 85 1952 1 110% 110 110 above yesterday's closing, but later 108t | hanion Munic 88 4. 1 110% 110% 110% | B & O Taledo part of this. Bamsdall 65 were reac- | pAiah Yt Fpbrenlibr iy el ol LR tionary and not much was qone 0 s [1 o 12 104% 104% 104% | Brdway&7th Av 5: either Public Service of New Jersey|p,, on'aqr | .3 103% 1034 103% | Brookiyn Elec §14a. 41.s or Anaconda Copper 7s. Fonda, . f Bragkis i Jobnstown and Gloversville 415 reacts | Duteh Eant 16262, 5 101 103% 104 | Brookiyn Klev 8138 1 ed after fouching 50, but Uliter and | EISalvador 88°48.. 2 11015 1100s 110% | Rilyn Mauneyen. 0 Delaware 58 made a further gain, as did | Fiat 7s war '46 5 166% 1641y 1664 | BRLY el % Minneapolis & St. Louis 4s and Iowa |Fiat 7s x war 46 3 99 9Bl 98% %s., Central 4s, There was a little better | Finland st 3 97k 96l 97% | Canada South 5s tone to the refunding railroad issues. Finland 7 +ee 13 10005 1004 100t Itallan_convertibles were fractionally | Framerioan T3s... 3 104% 104% 104y better. Tokio Electric 6s showed a 2; lfliU wgr 14’1:‘ rally of 2 points from the recent low. 25 114 118% 113% > Prench issues recated after yesterday's | German Kl 934 934 | Can Pac 4%s 46. . run-up. The strong emphasis that has | German 7s.. 1071y 1074 (:emrnlofua 6s been placed recently on the position and | Ger Am Bank 7s. 981 9814 | Central Pacific 4 return of German state and municipal | Ger Gen Elec 7s. 102% 1028 issues has improved the market for |Greek 7s... 97 97 them. U. S. Government issues were | HunBary 74 101 101% | Ci ‘ steady affected this afternoon by high- | Irish Free State 55. 17 95% 95% 957 | Ches & O gn 4%s. 1011 1010 |Ing and in fair demand at $6 a crate | 1n v Special Dispatch to The Star. t! h 1t 1084 1041, +0f 2 dozen of the fruit. Moderate sup- | | dcrc,!“Ftl{\ntpll:c:orptlxlsl\\:r:::;'wntgul::g: RICHMOND, Va, January 29— “”“ lox"' plies of oranges and grapefruit were surplus funds, investment trusts and | Though the aggregate capital, surplus » *|teported this morning, some of the [large investors, both At home and|&nd undivided profits of Richmond | Florida fruit being particularly attrac- abroad, had stepped in to take advan- | banks showed a substantial increase on Uve. - Oranges were quoted from 82.50 |tage of the high rates offered against | December 31, 1928, over the close of | and higher; grapefrult selling from |stock collateral. Business in generai | 1927, total resources, deposits and other | $2.715 to 4.25. was not particularly active during the | important items declined sharply. This | Pineapples, rhubarb, bananas and art of this period and there was| was revealed in the condensed state- | pears were other fruits offel the |an excess of surplus funds. | ment complled by the Clearing House (rade this morning. The pears, box | Thus the New York banks, which | Association, stock, sold at a wide range of prices, ac- |have long considered it their obligation | ‘Total resources December 31, 1928, jording to size and condition. Rhu- 1o maintain as steady acall rate as pos- (amounted to $159.419,023. compared | barb, grown in hothouses in Detroit, |sible, lost control of the situation to the | with $174,240.469 on December 31, 1027, Mich, was in fair demand at $1 and |outside lenders, who, being an unor-|a drop of $14,820,647. Deposits at the $1.25 a box. ganized group, felt no such responsibili- beginning of this year amounted to Lima beans from Bermuda, in splen- |ty. Meanwhile the stock market, with | §131,733.687, a decrease of $14 572,740 did condlition and of first quality, were |plenty of money at its disposal, and | from the total of $136316,327 a year dquoted at $6.50 a crate, string beans | With =business operations expanding [ago. Loans and discounts December 31, from Florida selling at $4 to $6. Broc- | rapidly toward the end of the year, con- | 1929, totaled $102,905,710, against $112,- coli, product of Texas growers, is re- |tinued to rise in anticipation”of iarger | 660,441 a year previous. 5 gar:ied by rd(-alers as one of the choicest | Profits. = . varieties of vegetables and, it is stated, is fast gaining favor with consumers. It Fm.m‘" :;::":::"' Ay Bc‘o’:h'rat\flm STEEL PRODUCTION. 2 ;Squg ed":\: n;luerxmgc:i;basgzp”orra;‘: which were :;ndlng ‘:hfelr s\y:rn lus f““f" pr§m1;0?§ "g:mé:xrlin:g ‘g;;.[;gleg Italy 7s. 36 97 97° 991, |ChiB&Qgen4sss.. 2 frl:;”;x“?:‘ By p s oaediacisBo :’r:gl.l})btl;;fl::‘au:' o that the smourt of | eported o 0 gper cent of capacity, er money. AR L e e e e TRLISR I = money being loaned for “account of | COmpared with 88 per cent a week ago, e i s Italian Pub 8 7 ’2 94y fi‘l\ 9% CB&QIIdiv s, 2 9% 9% 93N mnd‘e‘r‘;ts“re'nl;;‘s(fixr{d nfifi;fi?fif w f,-p‘? | others” was not sufficient to meet in- The Illinois Steel Co., subsidiary of the | POTATO MARKET STEADY. |/ s ‘gl";' ‘g}“; ‘gx“ ChieBllignBssl.. 8 &2 8l 82 lag to quality, covering a wide range. |CTeASINg demand for funds as stock rose. E_f;gffsii’lntssmgnv:fle ‘Cormrlgon]- haa | s 2100 100 100" |ShIGEWentds88.\ 58 9% 68% 69 |Dealers had” lomatoes e o ik SO erent dumstrouriy Righerates the) ERCH seocnd fiipag I ot DD | Department of Agriculture) —Potatoes— | yijan 6 15, 20 90 89% 90 gh’ifi,,",,i‘x,‘l.‘;,‘{?,-g~ S L Shhaen demundstat prices ranging fromy 81,60 | JEX. SUTE HAIAS SOHDOESAUY len | g;‘;s:fi‘s's‘u’mi‘rl;h&x;ngmk' a21253 ::rc:x Montevideo 7 1 102% 102% 102% | ChiMilSP&PacssTs. 50 93w . 8 'ol $3.50. !e\flnshmoms were plentiful at sufficient to prevent a sharp rise in call trading fair, market steady; Wisconsin PAY DAY and your future Financial Independence VERY pay day finds hundreds of salaried men and women regularly applying a part of their income toward the purchase of a tested First Mortgage Investment, issued by us, and secured by improved real estate in Washington. By so doing it is possible to get a sure, safe, 6% annual return on every dollar invested, and at the same time rapidly increase your principal. For full details, write, telephone or call in person: and at the same time secure the Valuable Free Booklet, “An Investment of Proven Safety” 100 100 |CMSP&Pacadsssta 118 793 194 T | Daalons eeported a firmer condition | 108NS t0 12 per cent in early December, Money to Loan 9435 94% [ChSILPM&O 5°30.. 5 98% 981s 08A | o ro ! [ which precipitated the stock markel | Seured by first deed on real estate, First Mortdage Investments 0 % 15; i) » = egg market, prices the past few - 5 < oot g - whites, 50a1.00; Idaho sacked russets, 95 98 5 102t b 10 |BFC Blenty eggs being recoived, accord- |, 'eMPOrarY, conteaction, of brokers'| Joseph I Weller & (R 5 A 1.50a1.70. Norway 6%, i 1005 1008 804 93% 91% |gtet ot s, c‘oriu‘j;;"?ggmls December they' again started to climb = _ R s 3 Norway 6s1943.... 1025 10285 i) % Norway 61944.... 2 103 103 103 |GhiT H & S8 be. MACHINE TOOL DEMAND. | Xeruay@t/Miises 3 10ms loau dos | THaSES. NEW YORK, January 29 (P).—With | Orient Devdeb 6s.. 6 97 9a% 97 demand for machine fools at a high | parig-Ly-Med 17 100% 99% 1004 | CCC&SBLL 4% s level throughout the country, Janua: 103% 1087 | CCC & St L rf sales pmn‘\lfie to equal, if not exceed, an“ 89 . Clev Term JoN] December sales, says American Machin- 894 90 ; “Br’ner;()n e'p:“ndg ngn.s, $ARS0; 1D, ?19” “/-/\1‘ e i ad; 5 s ! ist.. The automotive industry particu- 1024 1024 | Juba RR 73 Lige. 208 10 EoaHonnery: d0ats: tresh, select-| | f larly is buying steadily. 150 15113 [ Cuba Nor 5% cts, ed, 38ad0; current receipts, 37238; . 32, 82 82 Inel & Hud7530.... 3 101% 101% 101% | storage, 3 Washington Stock Exchange Poul Chestnut F-musbl:l,‘rlysl.afd--—w at 109. ineWst BB S¥EE 6 51 'shic e Riggs National Bank—10 at 577%, 8 at| Rninewst KP 6553 59 914 94w 94t 577, 10 at 577. RhineWst EP 7550 2 101%: 1013 101 National Bank of Washington—2 at| Rioas Jesers cite. 5 v ‘s ‘obh |8 213, 1946.. 06 East Washington Savings Bank—5 at 39. | R0 ae e a1 et o6 108 108 25 8% 91 EIEN - with stock prices. Outside lenders, need- 2 981 93% .8t |, BULLET, ege, meat and poultry prices 2 57t 874 B8h this morning were about the same as o112 104% 104 104 |Prices quoted yesterday. BROKERS' LOANS T 5 96 96 96 Today's Wholesale Prices—Jobbers’ T Consult Us First- | | | If you need monmey for || vour Real Estate financing MORTGAGES let us have vour application today. Prices Slightly Higher, ! Prompt Service 1 No Appraie Fon : YOU'LL ENJOY The Com‘mervial National I GOOD INCOME WITH GOOD SECURITY try alive—Turkeys, 36a37; Spring’ chickens, 35a36: Leghorns, 30: fowls, 28a30; roosters, 19a20; ducks. 25; geese, 20; keats, young, 50a60: old, 30. Dressed —Turkeys, 40a45; Spring chickens, 38a 40; Leghorns, 30a32; fowls, 30a32: ca- 1 45a46: small, 38a40; ducks, 105% 1054 $900,000 | Commerelal Nation; ¥ | el St -nd.’G-.'. Bldy. geese, 25a30; keats, 80a1.00. frelhakilled—Bc"f. 18a21; veal, | | When you invest in_our 2428; lam| pork loins, 20; fresh = ! Commercial National Co. pfd.—86 at 104. | Rome g14s. ... 14 9% 01k 914 ha 21 fresh < : Merchants' Transfer & Storage DIA—10 | S0 palo 85 1936, 106% 108 1080 000 | EORed heme 'ag ol zBoulders, 18; 1 o, 'GA at 109, 20 at 109, 10 at 109. 104, Sao Paulo 1950. 3 1067% 108% 108% | Grand Trunk 78.,.. 1 11244 11244 {u‘t: b-:m:.d 5‘:"“1.:?:“".',"‘&‘,‘&?‘ ’;g?ulx?fr;};:fi CompLETE FINANCING | 6% FIRST MORT GES }l_l::z;:t‘hngzer“}hlgftvw—com 101:€“ 3215 :-xon;rwn- 5 984 1;:» ‘:g,m Great North bs 108 103 |ages, 1315, i H . Ref, 3 o - eine 78 42. ) Great North § 108% 101 Live 15a17; | wgsh;'c“{’?" Mechanies Mtge. com.— | gerbg Cr SI 70 | Great Nor gen % 108% stock—Calves, 16',a17; lambs, | 35 111% 111% 111% | 13a14, ; Hocking Val 4% 199 99 99 6 99 98% 99 18 8 Fruit and Vegetable Review. 2. ” The dally market report on fruits = 5 102% 10314 | HUd & Man ret a3 ::w 1 870t | and_vegetables (compiled by the Mar- BILLS ‘DISCOUNTED 1L 9% 99 yge | Ket News Service Bureau of Agricultural | T 3 78° T 7o |INCentralrf Gw G5, 1 105% 106% 108% ""g:'l‘““’{" A% 3 : e Federal-American National Bank—$ at 12 83% 88 sgs | L-C-C-SLLANO bs. 6 10214 10115 10114 | S8les to jobbers except where other- 342, 2 at 342, 2 B8% 884 881 |yn¢ Rapid Tranbs.. 26 79 7TAi 78w | Wise noted. American Security & Trust Co—10 at | Utd Kingm 54829, 48 118% 1184 118% | int Rap Tr bs stpd. 3! 78% 78" 19" | APPles—Supplies moderate: demand 470%. Utd Kingm 834837, 25 108% 103% 103% | 1ne Rapid Tran 85.. 4 824 824 821 | U8ht, market steac Barrels: No sales Washington Gas 6s “B"—$1,000 at|Urusuay + 1109% 109% 109% | 1nt Kap Trans 7s... 16 995 981y 9814 | TePorted. Boxes: Washington, medium 10515° Vienna 68 '52 12 874 874 87%|Int & G Nor 1st 104% 1044 | 10 large siggs. extra fancy Staymans, Potomac Electric 6% pfd—5 at 112. | Yokohama 6swi... 7 95% 95 95 |Int&GtNorad)6ssi 21 94 9% 04 5:&3;‘ rgmliiio{‘y!'saf:ifll'sg'w?"3:01 Ter. Ref. & Whrs. Corp.—10 at 52, 10 MISCELLANEOUS. IntRy CA6l%sret, 2 fgm 9613 961 S Abram&Straus 538 17 116 115% 115 | 07" Contre és. ‘1‘%'5521%@'35' 15'“%}635:22”& Judhes A s o Do ab 1084, R0t | e 1t o L e Gl mesas, inches up, 13sal g0, O mes 2% ol AmChain 65'33.... 5 98 974 98 |KansasCitys3 Cabbage—Supplies liberal; demand Am Cotton Oi .2 985 9Rw 98y |KansasCity S 5s. light, “market steady. Florida, 11p- Am NatGas 6% w42 13 954 95 95 |KanCity Term 4s bushel hampers, pointed type. best, AnSmit& R1stbs, 4 101 100% 101 i::.' flh‘!;?:: ;1‘ mostly 2.00; fair quality, small size, 1.50a | ing their money for seasonal purposes, 13 100¢ 100 loiw | Lebleh Valen s, o 175, mostly 1.75: New Vork, sacked, per | could not. supply the nccessary funds, They are soundly safe be- Serbs Crot 8lo cause the property back of them has had our conservative appraisement. AFTER CALL. Potomac Electric 8% % pfd.—25 at 10812, 10 at 10815 Washington Gas Light—2 at 120, 14 at 121, 10 at 121, Ist & 2nd TRUST MONEY On homes, apartment buildings and business properties. No appraisal fee. Prompt service. Real Estate Mortgag & Guaranty Corp. 24 Jackson Place " A Third E of a Century | | Without a } Loss And they furnish good in- come—because it is reliable income. | B. F. SAUL CO. ~ Amer. Tel & Telea. 4% Main 1403 ! 2 Amer, Tei, ‘& Telga. 4 hundredweight, Danish type, mostly 3.00. | and the New York banks were again “ ol = Amer, Tel, & AmT& T ol tr 104 103% 10: tflflk}::’ffiwz }"2;: Celery—Supplies moderate: demand | called upon. After the first of the year, Main 210Q 925 15th St. N.W. Ana. & Pot. guar. m Tel v 4 s 2 crates, falr quality and condition, 5.00a | throw 3 5 4 S! & P 1. | Louls & Nash 7s, 102% 3 G & B Telephone Am Water W 984 9B 981, 5.50, few best, 6.00; Florida, 10-inch | Pansion of brokers’ loans back to out- Am Wrtg Pap 8% 84 8i% | Man Ry 1st 4s 90, 67 crates, 4-8 dozen tly 350, side lenders—and there it rests today. wI BUY THERE IS NO SUBSTITUTE FOR SAFETY Cap. Traction R. R. B 3 N, mostly 3.50. | -1 - 4 Anaconda Jst8s... 24 10644 106 1064 | 9 T 2 LL 2 Sty & Suburban fa.. . Andoondsastan, b4 | Market St 75 40 9bi4 ttuce—Western, supplies moderate; Contrati foe Credit: Potomac Elec. 1st 5s Potomac 1219919615 1961 | Wil 1 Ry & L 556 demand light, market steady. Arizona ArmouraCod3s39 il 82 " 9% 91%|Minn& StLrefds.. 95 34% 204 204 |crates, Tosverg type. 4c Gozen, " Tajy | Call money must elther be lent by Armour Del 5%s... 18 91% 91 1% | Minn & StL,cn 58, .. 54% bdw | qualit; tion, 3.00a3.50; Cali-| New York banks, out-of-town banks or || Fed, Security & Mortgage Units Associated Ol 6s.,.. 23 10213 102~ 102 | MStP&SOMAatnia’ o b on | fornie, Toaperial Valey, oo Cfeqai= | “others." All banks are under pressure v Atlantic Refinbs... 11 102 101% 1014 MStP&SSM5%s., 1 94 94 94 0 | International i 91" | type. 48 dosen,” 4 0034 20 URactDeIE | 1o reduce thelr indebtedness at the re- || Micrnational Finance Units Barnsdall 68 1340. . 73 130% 128% 1304 | M StP & SSM 6%s. 1 100 100 100 i i ) i asco Products Pfd. & Com. supplies light, de light, " market | SSTve banks. and 1t s highly improb- || Real Estate Marteage & Gty. Units Yesh gue ey serie Barnsdl@swowar. 13 00 60% 90 |M K& Taajss.... 2104 101 101 |GER pEL, demand light, market| i’ that they will piace larger addi- Departmental Bank 4 o R Bell Tel Pa 33 B.... 13 105% 105% 105% | Mo Pacific gen 4 Big Boston type, best, mostly 1.50a1 tional funds at the disposal of the se- | prankiin Nat. Bank 4 Bethlehm Stl pm &8 10 00%% 10 Mo Vac 58 . | juet Club 1st 79 Bosber ol B0, Jos Sl Both Steel 533 83.. 4 103% 103w 103% | Mo Pacific 55 G 78, 11 98~ a7ia un | Dushel baskets Big Bostontype, fair | freatest scasonal easc o call money, | | Racquet Club 1st 7% Ghestnuy Farms Dairy 813 Chevy Chase Club 53 3 ¢ uality and condition, 75c. i Investment Bldg. 1st 61.% Bethlehem Stesl 6s. 25 105 104% 105 |MontTrmref5s4l, 1 99 99 o9 [ om’,;mfiguppm e ierate-ttamant iflw;fim{:sr&‘w éi};"‘.fi“fidi’e“flf‘;fl;’:' Hilltop Manor 1st 6% ¢, Paper Mings. Bklyn Edison 88..,. 2 104% 104% 100% | nypeuu E14s 61..00 1 614 614 613 | light, market steady: Michigan and | fuary. wil increase demand upon banke, Pot. Joint Stock Bush Term Bidg B8, 11 108% 1034 1034 | NewOr Term4s..» 3 91 81 i | Ohlo, 100-pound Seeks: yellows, U. 8. {1t oy also induce withdrawals of fnds WILL SELL S e vt b S Certaln-Tds¥srcts 11 80% 79 79%INOTexaM5sB.. 9 99% 99% 99% | No. I, mostly 5.50. Correction —Yester- supplied by outside lenders so that they e s, ™" | ColonOnaasn. 1. T 110 11 1pgs | NG E&MERR 1L 2 108 1000 1000 | davs report, Michigan and Ohia 100: | SU0PLEA DY ide Jenders a0 that the) || oyypiey crandun P, " 3 A% 1A 4 0 0 po! S, yel vs, U. S. . 1, shoul N STOCKS. Col Gask ) deb s 32 00% 99% BBTy :§:,:::l.;nhs‘lf- 10 80 8 R pound sacks, yellows, U. 0. time the stock market will be striving to || Great National Insurance Washington Gas Light Park Savings Bank 8 4 967 967, | have read mostly 5.50 instead of most- h higher levels in anticipation of || Our Home Life PUBLIC UTILITY. e S T R o M ; o el el R By L ar NSRS North American Development | ner. Tel. & Tels ! il 4 - > A > eos @ 00 9 0l es—Su| oderate; demand g At TReadtion B Consumers Po 7 1034 103% mm.ll“}' LRI 100 oo 99N s—Supplies m The outlook is for a merry contest || International Bank Washington Gas N & W. Btes Eotomac Rle 10 8% 78 8y + 14 1081 108 106'3 | moderate, market steady; Pennsylvania, | 80 « 11004 100% 1004 NYCentL8cld%s, 4 8li B1% | 180-pound sacks, round whites. U. S.| 0" funae “The reserve banks face the || Miller Traim Control 0| Y Ca&StL 4ts 26 944 844 941 | No. 1. 2.25; New York, 150-pound Sacks, i prospect, realizing that too high rates || Washington Baseball Club 203 Mo T8 |NYChieStL6%sA. 11 108% 1084 108% | round whiles, U. 8. No. 1. 2.3502.40, | DYoSPect ¢ gold imports into this coun- || F. H. Smith Pfd, ; m“ }l‘:‘: :g: NYChi&SiL 5%s B. : 3 m:,‘. |;>:n 1:;5». s:ln-‘ch-surptlwbm‘zdotraué: “Ermi‘;;’ try and greatly weaken the currency (| Washington Theatre Y Sus&Wn gen 58 7 5 | moderate, market about steady; Texas, | o Sines & % 7 1005 100% 100% n 1 82K K3 s21 | bushel Baskets. Savoy ivpe. poaiin: | A1d business situation of forelgn coun- || Rosslyn Steel & Cement FastCuba Sug THs 2 94 034 9314 | > 8 8 6 8 5 between business and the stock market (§ W. B. Moses Ptd. Dery (D G) 75. lec. 5 otd Wash, Rwy. & EI com Wash. Rwy. & Flec. pid DatroitEdisonss NATIONAL BANK. National Capital Spending Minutes A2 <0914 ‘al tries. It is the most difficult credit sit- || National Press Bldg. Pfd. i Colum! y 1 74 74 74 |mostly around 1.00; poorer, low as 75.| ation that we have faced in & long || Jefferson Apt. st 67 1939 a l I urs D GenCable§}48'¢7, 18 99% 99 994 3 Don Ba4 B2| Sweet potatoes—Supplies light: de-time and the reserve banks deserve the || Northern Virginia Tnveatooent | Vi LR pREERD Gen Mot Ac Cor 8s. 28 103 102% 103 ;’i\ I}:H&H ‘dl{.);“ fi% ‘1;3-‘ 1!;’;' ls;:;:,. gmr;dsl}i‘gklx_: n‘m:;% nhtendy" )éfi:x‘:g. fullest, co-operation. v i Goodrich 6%s..... 107' 107% 107% | NY NH&H cv 8. 813 11814 | Eas ore, bu ampers, y Vs, et o h o e LTIk B0TA T ey ey S i e 69% |No. 1, 1.7582.00; Tennesseé, = bushel Higher Rates. Themas L. Hume | Hoe & Co 614 . 8714 87 87 Y Rys 63 65.. 2! atior 5 A 1 22w 22 ga» h"x"“”?vb Nljgy Hfills‘ )l"e’h:' 2.00. In the meantime another interval of Becond 0" g e .. | Humble Oil 5 . 8100 100 100 |NYStateRydigs.. 11 52% 5213 52 'omftoes-—Supplies light: National Bark of Washington.. 312 320 ‘Hn:xhx;()‘&a)! 5%s. 29 1013, 101% §n|l‘ NYStateRy 6}2562. 1 684 684 684 | light, market steady: originals, Florida, | TRUST COMPANIES. Indiana Steel §s. 0 American Security & Trust Co. m Inland Stl 4%48” ! Bt i35 | Intl Cement 5s 4! 530 | Intl Match 5s 47 185 | Int Mer Marine 6a.. int Paper bs 47 Inter Paper 6s. ANY business men find it well worth while to spend a few minutes with an Iglehart bond man whenever one calls, tight call money rates towards the end 1412 G Street of January is a probability with perhaps 103 103 108 |Nor&Sgenssoe..’ 5 88 K8ls H5a |65, Tipes and turning wrapped, fAncy | o short {emporary Telaxtion st tare Matn 146—-Main 4133 9214 924 923 |NorPac3s2047..., 4 67 67 67 |count, But until there i rp liquidation in 116 113% 1141, | Nortnern Pacific 45, & 89% 89 89% | 2.50; repac unknown orig 98 97w 97 | NovthernPacriés, 1 113 113 113 |ripes, wrapped, fancy count, 2.80. "2 101 100% 101 |OreShort Lirfsss. 17 99% 98% 98% | String be:“zs_guprmt h;h sli;;m?;d 27 ‘ light, market about steady: Florida, T O96% 94l 95 4%8... 2 1014 101% 1014 < i 27 9’-“ 93 95 fi:’"‘“'ii;‘i?..;, 5100 100 100 Ta-bushel hempers (il 5‘(?“4“(‘;‘6-"?3‘: Int Tel&Telex 1294 93 93y REeKs'03, 24 804 9an. oy 450, few higher: fat, 3:50a4100; . Int Tel&Tel 438 cv 1041117% 1184 117% | Pennsyl gen 5s. . 6 1081 107% 1081 < X 380 | KayserJ & Cos%s. 16 131 130 130 | Pennsyl 635, 7 110% 110% 10w | h'\'DDl‘l‘:Eft"l’}:}}:;v'_"flg:x‘ggl‘é‘é d;';;*:"‘g 528 | KanCity P& L b 1044 1044 104% | Pennsyl gold 7s.... 15 1027 102% ght, "r‘ 0085 50 h | 205" | Kan G & K 65 52 crates, fanc & 30; choice coun They have found that our representatives give them much valuable information and assistance, and save them much time, in the care and management of their securities. SAVINGS BANK. Bank of Bethesda s Commerce & S: East Washington Potomac. Security av Seventh Street... United States Washington Mechanics & Com.. FIRST TRUST NOTES 1052 105'% 105'% | Pa Ohlo & Det 4348, 17 954 9514 t- '“ ht: demand s 6 10115 15| Pro & K1t 45 40 2 Bin BdW Eggplan ght: dem: il 119% 119 119 | Pearin & 1 ine ER R R e k| to vield They have found, too, that an Iglehart bond man 3 27 991 99y 2 1024 1024 , > 9:0086.80; y i s T sariih oo i a1 g7 ancy, high s 7.60. is a close student of fundamental economic Pl s 87 7 5 16! 108 —— — — = Natlonal Unio: o 08 Port RL P 6s47. 2 1024 102 Sales. High. Low. Close. TITLE INSURANCE. | conditions and trends—that his outside view- 98% 6 4 S8 "l Loulsv G & R 68 52, 2 103 1034 1084 3 0 1 4 e . 13 994 99 991 | Reading gen 4148 A SouPac4lgsrets.. & 96 95l 054 o . Columbin Title. SETTER e ek el e e e Son Ry gen 48..... 17 &7 87 87 point, in consequence, frequently throws a help- Bt B0 orot wd. com. 1 4 T°.. | MidvainStee) bs... 20 99% 80 991 [ RioG W lat 45, Sou Ry Con § ¢ 221005 100 109% 2 0 ful light on business problems Wash. Cons. Title pfd.......... 81 - | Mont Pow bs 43, 102 1021 1024 | B1ATK & L 4% ou Ry 6s 56 1144 114% 1144 p 5 MISCELLANEOUS. | Mont Power deb 5 1004 1001y 100% | g¢ 1L 1M&S 45 20. ou Ry G148, . | Mor's&Co 18t 4 48 Nat Da A Nat Radiator 6% NewEnglandT Barber & Ross, Inc.. com....... Chevy Chase pid Cnestnut Fe Col. Sand avel pl . Commercial Natl Ce. pfd D. C. Paper M B8 87l B5 g1, 1M&Sgnos3 33 064 95% 96 |ScL IM&S R&G 48, 10 82 B2 R |QIL&SFplés 3 106% 106% 106% (St L& 8 Frats 78, erm Asso S L 4s.. TexArk FS 5348 60. Tex & Pag 6sB 1977 6. Third Avead)Ss... 2 8 89 89 103 103 103 102 101% 102 625 635 | 7 1 2 121% 121% 121% | 2 : 1 5. 2 In Amounts From $100 Up J-A W, Iglehart & Co. 12105 105 105 {StL&SFprinb Inion Pac !st 48 1 | e 13 4% 114% 114% (St L8 W 15t 45 Union Pac 1st rf 4a. 17 ! Investment Bankers 6 100% 100% 1004 La Wconds 3 21 n Pacific 4s 68, 3 1 -American Co. Com 14 107 1083 ;03». SIL & Sown 58’52, 2 LGRLILTR | 719 FIFTEENTH ST, N. W. + WASHINGTON, D. C. : 4 110% 110 11 X ithwn con 5 | Ype. o larksburg, & Storage. .. North Am 10 101y 101 101% 5 9 . Baltimore, Md., (= . W. Va, ¢ { Sior i No Am 4 22 1015 1007 1007 6 7 1437 K Street N.W. Main 3830 : L 741 Nor Ohio Tr & L 6 11 1034 10114 108% | SeabA L ad) 53 1949 il 10 7 ‘Wilkes-Barre, Pa. Richmond, Va. " | Nor States Pow 55, 12 101'5 101~ 101 [ Seab A L con 68.... 17 1 98 Wilmington, Del. Charleston, W. Va. | Nor States Pow 3108 105 106 (S BANFIa6a38A. 7 7 98 Pacific Gas & 1 1018 101% 101% ! Sou Pac 4529...... 18 9 \ 4 4 1 89% Pac T & T bs 52 7 104% 104% 104% Sou Pae elt 6 90% 904 904 ! Wilks-B & I21 1st 53 18 69 Pan Amer Pete 65.. & 104% 104% 104% Sou Pacificref4s.. 6 924 92 92 WisCengnisdd... 1 sS4