Evening Star Newspaper, January 30, 1929, Page 15

Fl Investments NANCIAL. THE EVENING STAR, WASHINGTON, D. C. WEDNESDAY, JANUARY 30, 1929," FINANCIAL,® HIGH-GRADE BONDS Mortgages JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. NOTES Secured by First Mortgages Safe—Conservative 41 Years’ Experience in financing homes and in the of these se- 5. est rate consiste with absolute safety. Wm. H. Saunders Co. Inc. REALTORS Main 1016 cut 1433 K Let us have your applications for LOANS ON REAL ESTATE Immediate Action Courteous Treatment 35 years or Percy H. Russell Co. 1731 K St. N.W. Money to Loan Seeured by first deed of trust o real estate. Prevailing interest and commission. Joseph 1. Weller £ Wash: % & Tt fi & T —:\\ REALESTATE | NOTES ‘ | Secured by First Trusts - Conservative Appraisale Chosen Locations 6% Interest WEAVER. BRO REALTORS 809 15th Street NNW. Main 9486 Rt . | Fractional Declines in Some Issues. BY CHARLES F. SPEARE. Special Dispatch to The Star NEW_YORK, January 30—The re newal figure of 7 per cent for mone today and the outlook for firm rates during the carly part of next week had the effect of clipping off small fractions from a number of high-grade corpora- tion bonds. quiet, There is difficulty in_bringing {buyers and sellers together. Technical strength lies in the fact that supplics | are limited and there is no prospect of any addition in the form of new is- | sues This leaves the market in the hands of those who prefer to trade in specu- lative bonds. The convertibles today were prominent, especially Internation- | al Telephone 4!>s. which advanced over a point to a new high price, and Public Service of New Jersey 4155, also at a new high and at one time 21, points over yesterday's closing. Anglo-Chilean 7s gained about a i point. Anaconda Copper 7s were 115 points lower early in the session, but Jater showed a net gain, while Barns- dall 6s, Colon Oil 6s and International Cement 5s acted heavy. The bonds of some of the small rail lines recovered @ portion of yesterday's decline, especially those of the Iowa | Central and Minneapolis & St. Lbuis. There was quite heavy liquidation in Florida East Coast refunding 5s, now at a level 4 points below their recent | price and only a point above the low record figure. Seaboard Air Lines were also weak. In the foreign list the strength of French government, municipal and rail: Yoad issues was conspicuous. -Italian convertibles reacted. There was a sub- stantial decline in Bolivian 7s. United States Government issues were irreg- ular, with some of the Liberty bonds higher and long-term Treasurics lower. There is said to have been a very good dealers’ demand for tax-exempt issues this week, with prices slightly above those ruling earlier in the year. Four small investment trusts, called, offered their shares today. number of substantial corporations of the same kind are being formed and will make public offerings. The fact that the Procter & Gamble 5 per cent preferred stock, announced today at par, is exempt from the general prop- erty tax in the State of Ohio explains its high price in comparison with other preferred issues. v Washington Stock Exchange SALES. : Cap. Traction Co—2 at 106%2, 5 at o 80- Pot. Fiec. 513% pfd—5 at 10812, 1 at 108! Wash. Gas Lt.—5 at 121. Amer. Sec. & Tr. Co.—10 at 470. Col. Sand & Gr. pfd.—7 at 94%. Mergenthaler Linotype—10 at 104. Natl M. & Inv. pfd—200 at 5%, 200 at 53. Ter, Ref. & Wins. Corp.—10 at 52, AFTER CALL. Merch. Tfr. & Stge. com.—10 at 12815, Real Estate Financing Second Trust Notes | purchased at reasonable discounts, secured on District -of Columbia and nearby Maryland property. We Solicit Your Application National Mortgage & Investment Corporation 1004 Vermont Ave. N.W. Main 5833 NOTICE! Will consider invest- ment in meritorious proposition that will bear strict investigation. Preferably organizing small company in manu- facturing or engineer- ing. In answering. only let- ters giving det will be considered. All answers will be considered confidential. ‘Address, Box 475X, Star Office Responsibility Rests on You 108 efforts ifetime accumu- to make one's jependent go for e to making im- proper_investments. You can safegnard vour cstate by apponting the Liberty National Bank in— Executorships Trusteeships and Other Trusts The same intelligent care we exercise in the in- vestment of onr own funds would apply to the invest- ment of your funds, LIBERTY NATIONAL BANK Fifteenth and Eye Sts. the to Geo. Gas 55—$1,000 at 10112, $1,000 at 101%5. Pot. Elec. 6% pfd—1 at 11215 Wash. Gas 55—$2,000 at 101 Capt. Tract. 5s—8$2,000 at 10115, Wash. Gas Lt. Co.—$1,000 at 125, 50 at 125. Wash. Gas 6s A—$500 at 105. Mergenthaler Linotype—10 at 1037, 10 at_1037. Wash. Gas 6s B—$200 at 10415. Bid and Asked Prices. * BONDS. PUBLIC UTILITY. & Telga. 47 Bid. Asked. Amer. Tel. 99 ¥ . & Pot. guar. 55.. . Telephone 5. . Tel. of Va. b 02i4 103 series A. 108 sh. Wash. Gas eries B.. Wash. Rwy. & Elec. 4 Wash. Rwy. & Elec. ge 'MISCELLANEOUS. Barber_& Ross. Inc., 6'4s Cham-Vanbit Hotel ’6'3s Chestnut Parms Dairy 6125 Chevy Chase Club 5!4s D. C. Paper MIg 65 Pot. Joint Stock Ld. Bi W. M. Cold Stcrage 5s Wash. Cons Title Co. 65... Wardman Park Hotel 53¢ STOCKS. PUBLIC UTILITY. & Telga. Gas 6s. Amer. Tel. c: Potomac Elec. 67 pfd. .. Potomac_ Elec. 5!2% pfd . ash. Rwy. & Elec. com.. Wash. Rwy. & Elec. pfd.. ... . NATIONAL BANK. - 2 National Capital.. Columbia Commercial District ... Federal-Americe: Liberty Lincoln National Metropolitan. Riges . > TR R e National Bank’ of Washington TRUST COMPANIES. * American Security & Trust Co.. 470 Union Trust Tk Washington Loan & Trust SAVINGS BANK. Bank of Bethesda Commercé & Saving: East Washington. Potomac ... Security Sav. men’s " National Unio; TITLE INSURANCE. Columbia Title. ... o34 M. cor Cons. Title pfd.. MISCELLANEOUS. Barber & Ross. Inc., com Cheyy Chase Dairy pfd. Chestnut Farms Dairy com Chestnut Farms Dairy pid. Col. Sand & Gravel pfd Commercial Natl Co. pfd D. C. Paper Mfg. pfd...... Securities pid Wash voe | Merch. Trans. & Storage Merchants’ Trf. & Stg. pfd.. r Linotype. National Mtge & Inv. pf Peoples Drug Stores pfd. Security il‘tl‘(’.. o Te Ref. Whrs., Corp &l!fi. fichz l:;‘]l pld ash. Mec e Comn cal' Bide. Corp Woodward & Lothrop pfd *Ex dividend. S Two Named Directors. NEW YORK, Januar willis H. Booth, vice preside Guaranty Trust Co. of New Southern Sugar Co., Florida, have been elected directors of the Celotex Co. of Chicago’ Stock Increase Planned. NEW YORK, January 30 crease of 275000 sheres in stockholders at 821 a cshare of ae shave for eagh Hir beld. REGISTER LOSSES 2 . | Rise in Money Rates Causes Trading in this department is still | William Johnston, vice president of the with _plants in i Stockholders of the Indian Refining Co., Lawrenceville, Ill., have been called to meet. February 25 to authorize an in- s common stock, which will be offcred to present in ratio Lib3%s... 1ib 15t 4%s Lib 4th 4%s US 481944, US44s52. 65 105 4 30 1107 FOREIG Argentine s Ju 59, Argentine May '61. 4 Argentine 6s A 15 Argentine 6s B Australia 4%s56. . Australia 53 1955 Australia 58 1957, Austria 7s..... | Bank of Chile 6%s. { Bank of Chile 6X8. Belgium 6s... | Belgium 63%s Belgium 78 19556. | Belgium 7s 1956. Belgium 7145 Bordeaux 6s. Brazil 6145 1926. Brazil 6181927, Brazil Ts. Brazil 8s. .. Bremen State 7 Canada 5s 1931 (:anada 58 195 | chi | Chile 6561 'hile 7s 1943. Chinese Gov Ry bs. Colombia 6s Jan'é1 Con Pow Japan 7s.. 3 Copenhagen 4%s 53 Copenhagen 5s ct. . Cuba §53S..... Danish Munic 8s B Denmark 4% i Denmark 6s ceae DE151s Mchb63.. 31 Salvador 88 *48.., Fiat 7s war '46. Finland 5%s. Finland s f 6s Finland 7s... German E1 P 6%s.. German 7s... Ger Am Bank 7; A |Ger Gen Elec 7s Haiti 6s.... Hungary T3 Irish Free State 5s. Italy 78...... Italian Pub S 7s, Japanese 4s Japanese 6% Lyon 6s. . Marseille 65 Mexico 4s 04 asntd Mexico 45 °10 asnt. . Milan 6%s... Montevideo 7s. Netherlands 65 54.. Netherlands 6s 72.. New So Wales 57s. . w So Wales 58s.. . 30 6 10 20 13 12 5 10 7 3. 1 | 1 5 2 1 2 Norway 5%5. Norway 65 1943 Norway 68 1944 Norway 6%s 19! Orient Dev deb 6s.. Paris-Ly-Med 6s... Paris-Ly-Med 7s. .. Paris Orleans 548, 2 Peru 6567 wi... Peru 6s ctfs Pirelli 7s'52... Poland 6s 40. Poland 7s (rcts) . Poland 8s. Queensland 6s. Rhinelbe Un7... RhineWst EP 6 RhineWst EP 6s'53 RbineWst EP 7s'50 Rio de Janeiro 6%s. Rio de Jan 8s 1946.. Rio Gr Do Sul 8 Rome 6%s... San Paulo City Sao Paulo 8s 1936 10 17 10 2 16 25 T Saxon (PW) 78.... Swiss 5148 1946. Swiss Confed 8: Toho El1 Pow Utd Kingm 5%s 29, 44 Utd Kingm 5%s 37.168 Utd SteamCopen 6s. 1 Uruguay 1 Vienna 6s'52 Yokohama 6s w 1. AmAgriChem 7%s. Am Chain 6s'33 Am NatGas 6% 8’42 Ah Smit & R 1st b Am Sugar Ref 6 Am T & Tl tr 4s.. AmT&Tcl trbs.. AmT&Ts16s. Am Tel & Tel 5% Am Water Wks 5s. Anaconda 1st 6: Anaconda cv db 7 Armour&Co4%s Armour Del 6%, Atl Gulf S 5s.. Barnsdall 6s 1940. Barnsdl 6s w o war. 18 2 Bethlehm Stl pm bs Beth Steel 5%s 6. Bethlehem Steel Sklyn Edison 5 Bklyn Unfon 5% Bush Term Bldg bs. Certain-Td5%srcts Chile Copper 68 Colon Oil 6s'38. Col Gas&E] deb bs. Con Coal Md 1st bs. Cuban Am Sug 8 Detroit Edison 6s. . Dodge 6s..... Donner Steel 7s. Dugquesne 4%s 67.. East Cuba Sug T%s Fisk Rubber 8s.... Gen Cable 5%8°47., Gen Mot Ac Cor 63 Goodrich 6%s... Goodyear 5s rcts. . Humble 011 5 Humble O & Illinois Bell 1st 6s. Indiana Steel 5: Inland Stl 4%s'78 Intl Cement §s 48. Intl Match 5s 47 Int Mer Marine 6 Int Paper 68 47... Int Tel&Tel 4148 cv 1569 KanCity P&L6s.. 1 Kan G & E 63 52 Laclede 5s..... Ligget&Myers5s51. Liggett & Myers s Loew's Inc 6. Loew's 6s w Lorillard 5%8 Loulsv G & E 63 ManatiSug sf 7%s. Mor's&Co 1st 4348, Nat Dairy 5%s. Nat Radiator 6 Nat Tub 1st 58 by E N Y Edison %8 NYGELH&P4s NYTelthSieonses 98 100 100 105 110 Sales. High. Low. Close. 14 10012 100 100% 1004 1001 96% 100% 100% 10 98 9914 100t 2 1064 106% | g R 1001 96 96 10014 10813 1013% 1007x 1 105% 107 4 101 31 103% 103% 104% 104% 104 101 105% 105% 4 103% 103% 95% . MISCELLANEOUS. Abram&Straus 5%s 5 116 106% 98 % 104% 104% 100% 101 104% ‘4 119 104% 3 1054 101% 102 93 100% el . Sales. N Y Tel6s41.. 21 107 N Y Tel 65 49 S North Am Edis 5s.. 20 No Am Ed 51563, 21 Nor Ohfo Tr & L 6s. 5 Nor States Pow 55. 5 | Pacific Gas & El 5s. 16 | PacT & T 1st 5s. 3 PacT&T5S52.... Paramount 6s 1947, Pathe Exchange Phila Co 53 67 w Phila&ReadC&]I b Philips Petro 5145. . Pierce Oil deb Ss... Por Ric Am Tob 6s. 4 Postal Tel & C 5%s. 10 Pressd Steel Car 58 19 Public Service 4148 279 2 RemingtonAr 6s 3 Rem Rnd 535 Simms Petm 6s Stnelair Oil 6s. Sinclair Ofl 6% Sinclair 011 7s. Close 9830 | 1001 100 4 9727 1028 105 4 1105 30 1 3 10 5 100 100 9615 100% 100 RT% 955 953 103 98 98 99 99 100% 100' 100 100 96% 100 100 87V 95 1 10819 108y 106 106 1143 114% A 109 So I'or Rico . tand Oll N ugarEstOriente7s. TennElecPow 6s 47 Transcontl Oil 6148 United Drug 58 53.. U S Rub 1st rf 58 U S Rub 7% U S Steels t Utah Pow & Lt 5s.. Utilities Powr 5148 Vertientes Sug 7s Warner Sug 7s 39.. Warner Sug 7s 41.. West Elec 5s...... Westn Union 6s 51. Westn Union 6%s. . Westinzhouse b White Willys-Ov 6%s WinRepeatAr 71 Yngstn S&T 5s w1 RAILR Atchison gen 4s. 1 B & O Gold 4s. 105! 1031 96 1067 1004 967 9. 1021 100 102 100 95% . 957 96 100 100t 1081 1084 10113 101% 100% 100% 104% 105% 100 100 93 93 93 924 102 10 48 38 92% 102 10815 100 64 91 85 6 1064 10314 1033y 881 9 96% 1025 102% 109 109% 8912 894 104% 1041y 1023 1020 100 OAD. 192 103% 104 110 110 16414 164% 9815 981y 901 90 97 © 97% 100 100 105t 105% 1083 108% 113% 114 93 93 1071 107% 98l 98% 101% 101% 100% 100% 101 101 95% 96 97 9TY% 9415 94ty 924 924 101% 101% | 99% 997 39N a0k 22% 22% 20% 8974 1021 102% 100 100 B&OPLEWY 4s.. B&O SW5s50..... Bang & Aroos 4s 51. Boston & Maine 5s. Brdway&7th Av 5s. Brooklyn Elec 6%s. Brooklyn Elev 6148 Bklyn Mannat 6s. Buff R& Pitt4%s.. Canada South 5s. Can Nat 4%s 30. Can Nat 4%s 57. { Canad Pac deb 4s. . Can Pac 415 46.... Canad North 613s.. Canad North 7s Central of Ga 6s. Central Pacific 4s. . Cent Pac 1st 5890, Chesa Corp 53 w 1. Ches & O cv 4%48. .. CB&Q4%s77B. CB&QIlldivis Chi&E 111 gn 6551, 107 |ChiGt West 4s59.. 9415 9415 |C M & St P gn 89 911, 941 | ChIM&SP4%5C89. 10215 102% | Chi M&S % 97 97 |ChiIMiISP&PachsTs 101% | CMSP&Pacadj5s08.11 1025 1025 [ Chi NW 4345 2037.. 1 1025 1025 | Chi & NW ref 5s. Chi & NW 6%s Chi RI& P gn 4s ChiR1&Prfds... CRIPac4%swi.. Chi Union Sta 6345, Chi& W Ind cn 4s.. C&W15%562.... 1 CCC&StL 4%s E 11 CCC&StL5sD... CCC&StLrf6sA, 13 Clev Term 6s...... 30 o 97 9Tih 100 100% 108% 1 96 88% 89% 8914 s 3 2 101% 1004 104% 106% 950 82 82 87 8T% 98'4 981 | 104 2% 924 9k 91 101 94l 94y 105% 106 ConnRy&L4%s sta. Cuba RR 58....... Cuba R R 7%s. Cuba Nor 6%s cts. Del & Hud 1st rf 4s. Del & Hud 5%S. ... Del & Hud 75 30.... 19 Den & Rio G en 4s.. 13 DRIo G West 5s... 19 DRG & Wst 55’78 27 Des M & Ft D 4s... Det United 4155, 91% 91% 13 113 107% 1074 107 107 981 99 1074 107% 79 80 9% 944% 91k 9% 98% 98% 1035% 1033 1024 1025 102% 103% 10 110 99 99 MR T 8815 88% 117% 118 Erieconv 4sB..... Ertecvt 5867 wi.. Erieconv ext 7s.... Erie (Pa) clt tr 4s.., FlaEastC5s74.... Fonda J&G 4135'52, Gr Trunk stdb 6s. . Gt Nor 4% 76 D Great North bs Great Nor gen Hav El Ry 5%s 51. Hud & Man aj 6s... Hud & Man ref §s.. 111 Cent ref 4s. 111 Cent 45 991 99 109% 109% 871 8T% 95 95 116 108 116 108 93 98 94% 95 100% 101 104 104 99% 993 103% 10: Int Rap Trans 7s... Int Gt Nor §s 195 Int & G Nor 1st 6 Int&GtNor adj 6s 52 IntRysCA5s72... Int Ry C A 6%s ret Iowa Centrf4s.... Iowa Cent 1st 5s. Kan City Ft S 4s.... Kansas City 8 58 Kan City Term 4s.. Lake Shore 4s 31 Long Is deb 58 34.. Louis & Nash 5s B.. 1 Louis & Nash 7s.... 6 Man Ry 1st 45 90.., 10 Man Ry 2d 4s 2013 1 Market St 7s 40. Mil El Ry & L 5s 51. Minn & StL ref 4s.. Minn&StL fd 5 62. M St P&SSM cn 4s M StP&SSM cn bs.. M StP &SSM 5%s. M StP & SSM 6%4s.. MK&T4sB, Mo Pacific gen 4s. 106% 106% 9816 98!y 105 105 195 1964 91% 91% 9% 9% 74 Ti% 129% 134 99% 9% 105% 105 107% 107% 100%3 100%; 1031 108% 104% 104% 1045% 104% 396 395 103% 103% 79% 80 95 954 111% 111 99% 99% 2% 72% 105 105 | Mo Pacific 58 G'78, 18 103% 103% 78" 78 |NassauEl4sbl.... 100% 100% | NatRyofMex 4s 77, 10735 10714 | N B M 43 51 asst. 10" 104 ¢ |NOTex & M5s B. 100 100 100% 1007 93% 931 1145 1140 99% 994 102% 1028 | NY C&StL 4% C 1073 10714 | NYChi&StL 5%sA. 925, 93 | NYChi&StL 5%s B. 100 100% [NYC&StLGsA.. 101% 10173 | NY Sus&Wn gen 55 10435 1041, | NY NH&H cv db6s. 52 103 103% | N Y Rys 65 65. N Y Rys 65 A 6 NY State n;é,z%:;. % 9wy | NYStateRy 6%s 62. 13%;,: ,25“ NYW&B 4% 95 95 |Nor&S gen 5s 5 94% 93 |Nor Pac3s2047. 9315 931, | Northern Pacific 4 1172 1185, | Northern Pac 5s D. 10415 1041, | Nortnern Pacr § 6s. 1085 10314 | Ore Short Liss gtd.. 101 101 |Pennsylgen4s.. 102 102 |Penna RR 4%s’'63. 13 120% 1201; | Pennsyl 58 64...... 9 119% 1201, | Pennsyl 6248 ..o 17 99% 991, | Pennsyl gold 7s. 871% 87, | Pa Ohio & Det 4%s 103% 108% | Pere Marq 1st &s 99 99 |PCC&StLbsA.. 105 |PCC&StL 6s B 7. 9915 991 | Portland EI P L 1024 10214 |Port RL & P §s 42. 100 100 |Readinggen4’sA 1 8714 88y | Rlo G West cl 4s. 95% 98Y% | St L IM&S 4s 29 80% 81 |StL IM&S gn 5s31. 104 104 StL&SFplisA 106' 106!, |StL &S Fr 4%s 7! 105 105 |StL&SF prinbs. 114% 1145 ISt LS W istds.... 2 93 93 StL S Weonds32, 11 100% 1004 SanA & AR P da.e & 9L 3 L 5 12 2 72 5 1 iz § 10 1 1061 110 1011 101 101'% 10074 1010 10274 101% 974 100 94% 100 9% 101 102 1 105% 10275 943, 10616 100 102 108 w7k 2% ot 78 82% 94% 104 101% K 46'% 1053 94th 1025 111% | ON NEW YORK BONDS STOCK EXCHANGEI Received by Private Wire Direct 8o The Star Office UNITED STATES. (Satas are In $3.000.) Low High. Low. Close 7 1067 | 1047 100 814 a9ty 100 9414 100 991y 1017% 102% 104% 10814 95% 96'% 1064 1010 “|SBAIFla6s35A. 113 105% 99% 98% 108% 110% 951, 102 107 108 i 1025 100 59 958 [2 100 &9 a6 a { |Cold Weather BUSINESS 1S QUIET ATD. C. MARKET Keeps Cus-| tomers at Home—Fruit Supplies Large. Continued cold weather this morning | s not. conducive to brisk trading, ac- | cording to rcports of merchants, and business was reported quiet. Merchants 'had ample supplies of all commodit: to meet demands at prevailing pric however, and higher temperature is e: Ipected fo increase trade. Honeydews grown in Argentina have appeared m the local market in small quanti Sales have been so few and prices so high, however, that whole- le prices are not quoted. Retailers this morning were asking $1.50 for them Papaya, a Florida fruit, reputed to possess valuable medicinal properties, is being received from Florida growers. I {is being received in small quantities, however, and prices depend upon size and quantity of the fruit. Pineapples received from Cuba, ar- rived in splended condition. They will not stand much cold weather, however, according to dealers, and soon beg: to decay under low temperature. Dez {ers quoted them around $6 a crate this morning. One small lot of cantaloupes has been received here from California. The fruit was in only fair condition, it is stated, and was not in demand at high rices. P Sealers are without information as to carly fruits from South Africa coming here this scason. It is stated that such shipments may not be made or may be lessened by early shipments from Argentina. Florida persimmons, 18 to 20 to a box. | {5 were quoted at $2 and $2.50 this morn- ning, They full ripe and in fairly good demand, retailers selling them {at 10 and 15 cents. grapefruit, tangerines, 5, pears, apples and bananas were among other fruits offered the trade this morning. Dealers also had plentiful supplies of vegetables to offer at prices al Oranges, wherr! Butter prices advanced to 50 and 51 cents for prints and 49 and 50 cents for the tub butter. The egg market continued firm, while meat and poultry prices remained unchanged since yesterday. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. ‘Butter—One-pound prints, 50a51; tub, 49a50; store packed, 30a35. Ef —Hennery, 40a42; fresh, selected, 38a40; current receipts, 37a38; storage, 30a32. ¥ Poultry alive—Turkeys, 36a37; Spring chickens, 35a36; Leghorns, ; 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- pons, large, 45a46; small, 38a40; ducks, 32a33; geese, 25a30; keats, 80a1.00. Meats, fresh killed—Beef, 18221 veal, 2 lamb, 30; pork loins, 20; fresh shoulders, 16; hams, 2la fresh ! smoked hams, 25; smokea shoulders, 16; bacon, 22; lard in tins, 13; in pack- ages, 13 gLn'e stock—Calves, 1612a17; lambs, 13al4. Fruit and Vegetable Review. The daily market report on_fruits and vegetables, compiled by the Market News Service, Bureau of Agnculturn'l Economics, says: Apples—Supplies moderate; demand light, market steady. Barrels, few sales: Pennsylvania, U. S. No. 1, 2} inches up, Yorks, scalded, 3.75a4.00. Boxes: Washington, medium to large size ex- tra fancy Staymans, 2.50a2.65; Deli- cious, 3.25a3.50. Bushel baskets: Vir- ginia, U. S. No. 1, 24 inches up, Stay- mans, 1.65a1.85; U. S. No. 2, 212 inches up, Grimes, 1.35a1.40; Pennsylvan: u. S. No. 1, 2! inches up, Black Twigs, 1.60a1.65. g Cabbage — Supplies liberal; demand light, market steady. New stock: Flor- ida, 1':-bushel hampers, pointed type, best, mostly 2.00; fair quality, small size, 1.50a1.75; South Carolina, 1la- bushel hampers, pointed _type, T quality and condition, soft, very few sales, 1.00a1.50. Old stock: New York, sacked, per hundredweight, Danish type, 2.75a3.00. Celery—Supplies moderate; demand light, market steady; California, crates best, 5.50a6.00; fair quality and condi- tion, 5.00; Florida, 10-inch crates, 4-6 dozen, 3.50. Lettuce, Western stock—Supplies moderate; demand light, market steady; Arizona, crates, iceberg type, 4-5 dozen, fair quality and condition, 3.00a3.50; California, Imperial Valley, crates, ice- berg type, 4-5 dozen, 4.00a4.25; mostly 4.00; Southern stock, supplies light; demand light, market dull; Florida, 115-bushel hampers, big Boston type, best, 1.50; fair quality and condition, 75a1.00; bushel baskets big Boston type, fair quality and condition, 75. Onions—Supplies moderate; demand light, market steady: Michigan and Ohio, 100-pound sacks, yellows, U. S. No. 1, 5.50. Potatoes—Supplies moderate; demand light, market steady; Pennsylvania, 150- pound sacks, round whites, U. S. No. 1, 2.25; New York, 150-pound sacks, round whites, U. S. No. 1, 2.35a2.40. Spinach—Supplies moderate; demand light, market dull; Texas, bushel bas- kEt5'7'5s“°y type, 90a1.00; poorer, low as 75. ‘Tomatoes—Supplies light; demand light, market steady; originals, Florida, sixes, ripes and turning, wrapped, fancy count, 3.00a3.50; choice count, 2.00a 2.50; repacked, unknown origin, threes, ripes, wrapped, fancy count, 2.50a2.75. String beans—Supplies light; demand light, market dull; Florida, 7s-bushel hampers, flat type, best, 3.50a4.00; ordi- nary quality and condition, 3.00; 7g- bushel hampers, green, round type, 4.00 a4.50. Peppers—Supplies moderate: demand light, market dull; Florida, pepper crates, fancy, 4.50a5.00; few higher; fair quality, 4.00. Eggplant—Supplies light: light, mavket dull; Florida, crates, fancy, 6.0026.50; ordinary quality, 5.00. Squash—No supplies on market. Cucumbers—No supplies on market. Strawberries—Supplies moderate; de- mand light, market dull; Florida, 32- quart crates, various varieties, 30a35 per quart; pony refrigerators, various va- rieties, mostly around 35 per quart. demand pepper few higher; High. 9% 1 591 4378 6% 677 Sales. StL & Sown 58’5 8 8 Seaboard AL 4ssta, 1 Seab A Liref 4s.... 11 SeabAL ad) 58 1949. 4 Seab A L con 6s.... 34 9 Sou Pac 4s 29. Sou Pac clt 4s. Sou Pacific ref 4s.. CROWTH OF TRUST BUSINESSIS SHOWN - A bout the same as prices quoted yesterday. : in | the Am |ve tance of New Form of Financial Service. e | Reuben A. Lewls, secretary of. the | trust company division of the American | Bankers' Association, told the fiducia 1 of the District Bankers' A ciation at the Willard last night the trust business is the fastest grow form of financial service, the taking hold so fast as to have broug about a revolution in the American’s frame of mind. Touching on local conditions, Lewis noted that Washington has unusually large amount of wealth ce tered here, adding that in the co at large only 45 people out of eve 100 leave wills, In the Capital. how- | ever, the average among those leaving | estates is 65 out of every 100. M| Lewis further said: | “While you are interested in know- | ing that the trust business is growing | nationally, it is natural that your par- | ticular interest should be focused on | Washington. There are ma r i why Washington should be city for the development, of trus ness. Foremost, there are a large nur ber of residents who have sizable e: tates, as represented by real estate and personal property. I am informed that there are.a considerable number || of people owning large blocks of ae-l‘ | Mr curities. Standing of District. “It may surprise you to know that | the Federal estate tax returns indieate ! that there are only 19 States that have many wealthy people within thelr ndaries as the District of Columbia. The latest statistics show that the were 98 estates ©f more than $50,000 each and aggrezating $37.285,905, ti were passed on during the year of 1 These figures represent cstates of the older generations, but young men of wealth are coming along, and the pros- pects for even more large estates are certainly bright. “The District has two other distinct advantages. It has no inheritance tax | to impose on the estates of its residents. | Only three other States offer similar freedom from taxes—Alabama, Florida | and Nevada. This should prove to be a real inducement to people of wealth, | particularly to those who have amassed enough property to permit them to re: tire, to locate in Washington “Our records indicate that the resi-| dents of Washingion are much more highly educated to the value of making a will than the average American Based on returns from cities in 30 dif- ferent, States, we have found that only 45 out of 100 leaving estates die with || wills. In the District the returns for! the four years ending 1927 disclose that ! 65 out of 100 made wills. The figures | are a tribute to the intelligence of the | residents of the District of Columbia, | who are sensible enough to provide for | the distribution of their property in ac- | cordance with their own wishes rather | than to let the hard and fast rule of | the statutes control this distribution. | Since that time the trust companies | and banks of Washington have engaged | in a co-operative advertising campaign, | so the chances are that an even higher | percentage will make their wills in the | future. | Statistics on Wills. | “Such a state of will-consciousness bound to promote the trust business. The figures for the four years are: Number of wills Total number of ‘ Year, probated. estat “While the trust business is by no means new to Washington, it is prob- able that it has not been developed as highly as in a few other centers,” said Mr. Lewis. The speaker went on to sliggest some | of the best methods of increasing busi- | ness, the first being the substitution Df‘ business friendship for business enmity. He stressed the importance of uniform NEW YORK, | Copper {exports we R. A. Lewis Discusses Impor- |15 1 — Copper Exports Decline. January 30 (#.—| NEW YORK, in December it exports totaled | Gardner Motor 07 November and 38148 in October, |is reported negot ican Bureau of Metal Statistics were 11,698 metric against 9 in_ No- 9 in October. Lead 98 tons in December, 8 in November and Imports ar SILVER W YORK, . 567q; Mex N silv ed with T Consult Us Regardi 15 Firm Plans Expansion. P)— which January 30 Co., St. Louis, metric tons, against 38,182 tons | controls the Parks Aircraft Corporation, fating Jor purchase of a second airplane company. QUOTATIONS. January 30 (4, ican dollars, 4375, ng Your Maturing Mortgage LONG-TERM REAL ESTAT 5%2% We make first ments mor homes, 1 business properties in the Dist Columbia and nearby Maryland and Vi ges on 'E LOANS apart- rict of rginia. RANDALL H. HAGNER & COMPANY, IN 1321 Connecticut Avenue. Decaty ir 3600 ige Loan Correspondent, New York Life Insurance (:ummr/ Safe Deposit Boxes at Nominal Rentals This Bark Has Rounded Out Another Year of Service —to the public, the twenty-second instant being YOUR erve the protection of our sixty-second birthday. SAVINGS de bank like this. PAYDAY a time-tried May we begin serving you This Payday? & Surplus $3,500,000 Deposits Invited in Any Amount Open Until 5:30 P.M. * January 31st and February 1st OFFICERS: WILLIAM D. HOOVER. President. WOODBURY BLAIR, 1st V. 3 FRANK W. STONE, 2nd V. Pre: FRAN STETSON, Trust Officer. CHAS. C. LAMBORN, Treasurer. E. PERCIVAL WILSON, Secre FRANK R. ULLMER, Asst. Tre; BRUCE BAIRD. Asst. Tr. Off DAVID BORNET. Asst. Tr. O JOUN W. CA i w. Hi ALEXA! . FAN ec: JOH! BOTELER,' Asst.’ Secy. AUDLEY A. P. SAVAGE, Auditor. DIR! JAMES J. B WOODBURY WM. E WALTER . RoZIE st Depositors Same Rate of Interest Paid on Large and Small Accounts ECTORS: CKER BLAIR C. CLEPHANE R DU National Savings & Trust Co. 63d Oldest Savings Institution in the District of Columbia Cor. 15th and New York Ave. fees for trust service and urged depart- ments to have printed schedules always ready for customers. He spoke of the | development of close contact with legislation and said he considered the development of proper relations with the legal profession of utmost impor- tance. About 90 per cent of the business OLDEST National Bank in the District that trust companies get comes from lawyers, he asserted, adding that too much could not be done_to cultivate the good will of the bar. In some sec- tions of the country the work of the trust companies is being bitterly fought from this quartes Mr. Lewis mentioned the growing| popularity of the insurance trust, the importance of advertising, of keepin; in close touch with the Probate Courts. and added that there is no need of a trust department losing money for the first five years. He knows many banks that have made this service pay almost from the start. In conclusion i‘;e made a plea for better and better service, sounding this note of wagning: \ Importance of Service. “But, in the long run, profits will | come to those institutions that best serve their customers. It is revealing | no secret when I tell you that many of | the oldest and most experienced trust | men fear that the quality of trust, service will not keep pace with the | growth, This is a challenge to us all— | to see that the advance notice is not | better than the show. ““The corporate trustee proclaims that it has special skill and training. It ad- vertises that it is prepared to give superior service in the manifold prob- lems of finance, accounting and invest- ment connected with the settlement of estates and the administration of trusts. This should stimulate every trust man | to see that he measures up to that exacting standard.” mand of “Metropolitan” custome prestige of association with the Washington's national banks is small checking accounts, as to “'b; ness men and corporations. benefit. Jan. 31 and Feb. 3% Why Take Chances When Your Money Can Earn 6% With Safety? I il | ke chances || your investment funds. “Place | sound | such _as Ay 6% with f first we. Sou Pac 44 rets. . Sou Ry gen 43.. Sou Ry Con & Sou Ry 68 56 SouRy 6% Sou Ry Mo Tex & Pac 58 B 1977 1 Third Averef 4s 60. Third Ave adj 5s. ... Tol Tr L&P 5%s 30, Ulster & Del 4 Ulster & Del 5528, Union Pac 1st 4s Union Pacific 4s 6! Virginia Ry 1st 5s.. VAaRy &PS.ccu... Va Southwn can 5s. Whash 4% 78 rets, Wabash 1st 5. Wabash 24 5s. Wabash 53 76 B. Wabash 6%s 75. West Maryland 4s West Md 518 77 Western Pacific 5s. West Shore 43 2361. Wilks-B & El 1st 58 WisCen gu 45 dd.en 5 3 e e Don’ i| wien 6% | I| Pan"free ‘on request. Il Send' for i1t RmEflAfl MORTGAGE & GUARANTY CoRPORATION Capital Resources § 3,400,000 4 JACKSON PLACE i uj tection “of principal and interest. O u r §3.400.000 re- sources are behind vour imvestment, as well as choice fee-5imple proper- ties in Washington and its suburbs. Talk with us now about Guaranty Pirst Mortgages. Denomin a tions from $250 upwards. Booklet, “The Success | Compound Interest Paid on Sa Metropoli Bank OFFICERS: GEORGE W. WHITE C. President 0. H. P. JOHNSON Vice Pres. | A. A. HOEHLING | Vice Pres. and Trust Officer C. F. JACOBSEN Cashier Organized in 1814 Asst. A. H. BE L. ECK Asst. It is Not Essential That You Be a Big Depositor —to enjoy the advantages at the com- to Payday patrons and individual Let's get aequainted now, for mutual Open Until 5:30 P.M. National E. BRIGHT Asst. Cashier R. P. HOLLINGSWORTH Asst. Trust Officer | Capital, Surplus & Undivided Profits Over $2,000,000.00 15th St., Opposite U. S. Treasury of Columbia rs. The dean of as open with ig” busi- 1 Or Mere Will Open a Savings Account tan 115 Years Old Cashier DFORD LOFF "