Evening Star Newspaper, February 2, 1929, Page 21

. o7 First Mortgage Loans Lowest Rates of Interest and Commissior ‘FINANCIAT® STEWART WRITES |, ROCKEFELLER, SR, s v 5% e, ‘'THE EVENING STAR, WASHINGTON, D. €., SATURDAY.” FEBRUARY 2 1981 o o BONDS s ) (13 STOGKS AN AT SHORT SESSON 2 UNITED STATES. (Sains are tn 82 Market Absorbs Considerable | 1§ Acouwtis, Fiod.,- Profit-Taking—Specialty Wiison & Co 1st 65, 11 Sales. High. Low s 21 992 9828 992 Yngstn S&TGswi. 7 100% 100% Favorites Are Active. A s P . ... 3. Scl Re: RAILROAD. ; A (T CONVERTIBLE BOND - ISSUES ARE ACTIVE Market Moves Within Narrow Range—Profit-Taking Apparent. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Ofice U S Rub T%s. 101% 101% U S Steel s f 5s. 8 108 Utilities Powr 5% Walworth 68 '45. .. West Elec bs . Westn Union bs 51. Westn Union 648, Westinzhouse bs. White Eagle O 5% Willys-Ov 6%s33.., Following Is a list of stocks and Bondd traded in on the New York Curb Market today: 4 115% 7 Lib 3% Libist4%s Lib 4th 4% s US3%s4s. US3%s47, US3%s... US4ks52, INDUSTRIALS. High, Low. Close. < sl 1111 ' e | Declares Financier May Have % Rhode Isl P'S pi < = A 16 Been “Deliberately Mis- informed.” 16 1004 1001 621007 100 1 9720 9720 9720 Se-t1 Bior 314 Sc-s1 Bior 7134 4 R e } v 309, Atchison gends.... 11 914 91% ien Am_Inv . AtianticCL Ist4s. § 92% 924 BY WILLIAM F. HEFFERNAN. byl 3 1 Sec Gen Am 1y pid; 116 1 AtlanticCL 4%s64 5 96% 96% Soecial Dispatéti o The ‘Btar. 8 1 9724 972 97 24 110216 10216 10216 51108 1108 1108 FOREIGN. fcll M A NEW YORK, February 2—Called 101% 10145 upon to absorb & considerable amount | 104% 104% of week end profit-taking for the pur- pose of evening up accounts, the Curb Sales. High. Low. Close. Argentine 6s Ju 59, 15 100% 160 100% Argentine May '61. 2 100% 100'% 100y Argenune 6s Uct 59 3 100'% 100% 100% BY CHARLES F. SPEARE. Argentine5%s 62, 1 96% 96% 96% Bpecial Dispatch to The Star. Argeniine 6s A 101 101 101 Argentine 6s B. 100'% 100 1004 IB& Ocv 4% R b 2 8ilica Gel ctfs 7 Market today gave a good account of imon B L & elder Rockefeller had “been deliberately again ¥ 2 )5y mi [ormes e et o 2 g 22000 jReonuen T, b 83 31| Col. Stewart addressed a letter to The favorable December and January AR 9 3 44 Mr. Rockefeller, sr., in reply to a pub- - output figures of Checker Cab Manu- 3! 1 Sontty lic statement by Mr. Rockefeller ma;i 'revailing interest and commission. facturing and the revised upward sched- | I Roll Mill 9 3 1801 ol P he would support his son in efforts to | Joseph I. Weller 330 Wash. L. & ule for February operations appeared to 1 X i 3 Sou Grocery oust Col. Stewart as chairman of the — o= Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 By the Assoclated Press CHICAGO, February 2.—Col. Robert W. Stewart yesterday expressed the | opinion that John D. Rockefeller, sr. would not bave supported his son, John Pttt - ol | D. Rockefeller, jr., in the latter's fight | ord with Col. Stewart over control of the | (0 ot 1 . Standard Oil Co. of Indiana unless the NEW YORK, February 2.—While all 0 ea of the convertible bond lssues were | AUstialia 4t cs. S oi|E RO prominent in today's bond market, | h 95% 951 |B& O 1st 5sct there were not the wide swings in them e D e at have been occurrin, recently. g ¢ Some evidence of profit taking also | Bank of Chile 6% B e e e S i 100t 100% 100% | Brooklyn Elec 6%s. i poia The Allog‘hln_v Colr;;or?tl‘cmg::;:::: ::;, 5 10615 106' 1061 | Brooklyn Elev 6148 s Vere heavy at a fractional loss for | Belgium 6o, aidos 105 109 | By ManhEtE the day and four points under the high | Bel Teas e L e of the week. American International | Belgium 7s AT Bush Term con 3s. , 5145 showed little change and this was | Belgtum 7 a5 h true of International Telephone B“I'-':"“! s Can Nat 41330, is. Anaconda Copper 7s were at one | JOLVIa 88 .. Can Nat 438 b4 time 27, points lower. The market for | Brazil 843 1026 SanNeidieit: Public Service of New. Jersey 4135 has | Brazil 6% been reduced in size since these bonds | prach 45 made their new high a few days 8go. | procses State 7e The thinness of the market for high | oa=eh St T grade lssues is strikingly illustrated in | CAhada b3 1931 the action of Atchison General 45, which | GhiRdd 58 1929. . declined yesterday from 93 to 9115 on | Gpi1S o180 offerings of $120,000. This is the Mot | Ghile 78 1943 radical change that has occurred in |chinese Gov Ry 6s. this type of bonds in several months. | Colombis ¢ Jun el Other high-grade railes and public tili- | Gen Bow Jupan o ties show a heavy tendency. Copenhagen 4145 53 Utilities Power & Light 5125 con- | Cuba 5igs. \. .- tinue their advance today, showing a Czecho 8s 1951 substantial gain. St. Paul ‘adjustments | Czeoho 8s 19 were in good demand around 80. The Danish Munic 8s Italian convertibles did not change | Denmark 4345 much. Denmark 6s....... It is expected that & $10.000,000 issue | Ducen East i 5s 63 of Consolidated Ges Electric Light & |iat 7s war 46, . Power of Baltimore first and refunding Flat 7s x war ,46 4% per cent bonds will be offered on | piniand b3, . Monday at par. ; Finiand s £ 6 Finland 7s, French 7s. French 73 German 7s.... Ger Am Bank 7s, Ger Gen Elec Ts. Haitl 6s. .. Hungary 7% 4 lrisk Free State 5s. Italy 78.0.000en Italian Pub S 7 Japanese 4s. Japanese 6% Lyon 6s Marseille 6s. 7 Mexico 45 04 asntd, Milan 63s. Montevideo Netherlands 6s 5. Money to Loan Secured by first deed of trust ox real estate. T South ~ Asbestos ... C pld: i S Amer 8 & C p pfd., 521 4 Southw Dairy it 1Amer S&C p ot s 1d i £ L Amer Stores " 2.0% fo . e 7 AmeseSuperp A:l111 12778 Southwest Str o 80 Amer Suver pf ‘risl 174 18 ' | Amsterdam Trad ' 330 33 3 i3 be the incentive back of the demand for the shares, which were carried up- ward 5 points further to 84. Goldmann-Sachs Trading at 135 was at the highest since trading started in the issue and the demand indicated the favor in which stocks representing investment trust organizations are looked upon. Pittsburgh & Lake Erle, one of the few rail stocks listed on thj board of the Standard of Indiana. The | chairman of the board told the elder Rockefeller that he could have “under- stood the silence of a father under the circumstances,” but was unable to un- derstand the statement. At the same time it was announced 1.100 employes of the Wood River re- finery of the company near Alton had decided to support Col. Stewart by vot- | ing 15,000 shares of stock held by them I for him at the March stockholders' meeting. . | Canad North 6138, 100% | Canad North 7s. 108'% 108'% 108% ) canadq Pac deb 4: 1014 101% 101'% { Can Pac 4145 46 100's 100'% 100'% | Cent Pac 1st bs 100 100 100 Chesa Corp bs w 1. 93% 93 93 Cnes & O cv 4%s. % 931 9% [ Chi & Alton 3s. . 102, 102% | Chi B&Q gen 48 53. 41% 42 CB&QI1I3%s.... 891y 2 | Chi&E 111 gn 68 51 99 99% | Chi Gt West 4s b! 88'; 89 Chi Ind&L gen 5s. . 1034% 103% 103% 1 C M & St P gn 84 110 110 110 Chi M&StP 433s E. 110 110 110 ChiMIISP&Pacss?s. 19 109 109 109 CMSP&Pacad)5s03.109 895 B9Y% 89% |Chi & NW gn 3%es., 2 104'% 104% 104% | Chi NW 4158 2037., 27 103% 103% 103% [Chi & NW Ts. . 16. 165 Chi Rys 5s.. % 9915 99'; [Chi R1& P gn4s, 90 90% 90% IChi R1&Prf4s 97 95y 97 Chi Union Sta 5s 44. 100% 100 100% | Chi & W Ind cn 4s. 108' 108% 108' |CCC & StLrf 6s A, 113% 11315 113% | Cuba Nor 5%s cts. 108 1078 1073 [Cuba R R bs. 984 98% 984 | pon & Rio G cn 4s. 103% 103% 1037 D,,,g‘m,,&‘z%. 36, 100~ 997 100 | D Rio G West 5s, 100'3 100's 100% | D R G & Wst bs 96ty 9 DesM & Ft D 4s... * Iirie 1st cons 4 Consult Us First If you need money for your Real Estate financing let us have your application today. o e T e N L) e Curb, went ahead in connection with the merger furore involving many car; riers which have been advancing sharply on the Stock Exchange. Speclalty favorites included Hiram Walker, which went to its best for the ear above 91. ? . BIEIS S ot e st ens / H 1 i""wm Air group, although the greater part of the Blum § . 9 wesk's gains in the leaders were main- tained. Northeastern Power continued in demand at new high prices around 60. America Light & Traction was bid up some 4 points and United Gas Im- provement held around the 190 level. COTTON CLOSES HIGHER. NEW YORK, February 2 (#)—The| 3 cotton market opened steady today at 1Can c unchanged prices to an advance of 3| 4 8"!’.u’§""‘°“‘ L points. Old crop positions sold about Y inn’ Oo: - K ¢ 6 to 8 points net higher in the early, 113Cent Pub S A ... . trading on covering and some local buy- et TR L ing promoted by relatively steady Liver- 14C G Spring & Bump 13% pool cables. 1 Charis Corp ... . n A little trade buying was reported. 97 Check Cab Mfx .... The demand was supplied around 19.90 for the Spring months and prices held within a narrow range at the end of the first half hour. New crop months were relatively quiet, but ruled about 2 to 4 points net higher. Cotton on shipboard awaiting clear- ance at the end of the week was esti- Prompt Serv: No Appraisal Fee The Commercial National Company Incorporated Pald up Cash Cavital, $900,000 Commercial National Bank Blds. 1ith and G El=ret-epy Markets at a Glance NEW YORK, February 2 (#).—Stocks irregular; rails again bouyant, Jersey Central jumping 20 points. Bonds dull; Allegheny Corporation 5s lead advance. Curb firm; utilities and aviation shares continue in forefront. Foreign ex- changes mixed; sterling firmer; guilders at new 1929 low. Cotton steady; week end covering. Sugar steady; better spot situation. ~ Coffec easy; commission house selling. CHICAGO, February 2 (#).—Wheat, lower; forecast snow southwest. Corn, casy; disappointing export demand. Cattle, irregular, Hogs, steady to higher. Tri Cont ... 4Tri Cont pfd. 8 Trunz Pork Stores. Vs Tubl Art S B... 1 Tung Sol Lamp.. 1Union Am ‘Tnvest 2 Union Tobacco 7Uni Biscuit A.. 16 Uni Biscuit B 2 U5 100 Fond” ni Elec 94 Uni Eng & LuanRauantorolunLealinans e s Washinaon Stock Exchange SALES. Washington Gas 55—8$1,000 at 102 Washington Gas 6s “B"—$1,000 at 107, $1,000 at 107. Pohtm]mg Electric 6% pfd.—10 at 113, 5} at 113, Potomac Electric 51 % pfd.—5 at 1091, 5 at 10915, Washington Gas Light—20 at 125, 10 at 125, 30 at 1247, 10 at 125, 100 at 125, 6 at 1245, Washington Rwy. & Elec. pfd.—10 at 9934, 5 at 993, 10 at 993;. Frderal-American National Bank—10 at 343, 5.at 343, 10 at 343, Unlon Trust Co.—10 at 353, © First Mortgage and ‘ Construction Loan S Sogaadadaans "y 3827 e T %S 9 920 920 924 101% 1014 101% 100% 100 1003 | ISrie ovE 58 67 w 1avs 100 100 Erie & Jersey 68. .. 21 21 9 Erie (Pa) elt tr 4s, 90% 90 Fla East C38 74.. 102 102 102 |Gr Trunk stdb 100+ 100 100 |Grand Trunk is. Erie conv 4s A Erie conv 4s Bz, Baltimore Markets 3 Colg Palmol P.... 0. 1% 1Commerz Priv Bk rcts 473 ¥; Gommonith Ed 2443, ommonw P pf 10 Gons "Auto Mer vic.. 13 aitt & Bond B 6Cons Auto Mer pfd.. 3 38 1 = Consol Driry P 45 Applications Invited at BALTIMORE, Md., February 2.—Po- [ 1] S¥% puea, Postsoms. perel ysmaanosine |l Glover & Flather g™, <= S5 o % Columbia Sand & Gravel pfd—10 at Federal-American Co. com.—10 at 55, 5 at 55. b 94% 94% 943 94% 041y 94l Norway 5s 1963, 96% 964 96% Norway 5%s. . Gt Nor 44876 D. Grt Northn 418 K. Great North 5%s. . Great Nor gen 7s. mated at 155,000 bales, against 98,000 last year. Private cables reported cov- ering and trade calling in Liverpool, but said Manchester cloth markets were un- beans, bushel, 2.50a5.50; brussels sprouts, quart, 20a25; cabbage, hamper, 1.00a 1.50; carrots, bushel, 1.50a1.75; celery, 1508 H St. N.W. crate, 2.50a3.50; caulifiower, crate, 1.00a 100% 100% 100% 2.00; Green B & W deb B. Hav El Ry s 52.... Hav El Ry 518 51 Hocking Val 4% i 1 ich B 3 Settled, with business restricted by feats ladh akh ol $wieox Rien &t AT 4R e D et kel of labor troubles, 1 to 4 points| o Curtles Atro"Exp-"l 32 o Wilslow Cateteria wi 28 % [1.25; onlons, 100 pounds, 3.0085.50; Futures closed steady, 1 to 4 pol 38 Curtiss Aaring Betv 15 wiliams (R.0.) & O 3% oyster plants, 100, 6.00a10.00. higher; March, 1.83810.84; May, 108781 3 Bniés, Rrs Parsnips, basket, 65a75; peas, bushel, :zl,:%:er.'\;lg.solyéz. October, 19.38; I rf 2'?2:2}:'5:‘""‘::]”'&“;:"”' : Spot quiet; middling, 20.05. 7582.50; turnips, basket, 50a65; apples, bushel, 75a2.00; cranberries, half barrel, 9.00210.00; grapefruit, box, 2.50a3.75; tangerines, per half strap, 1.00a2.50; oranges, box, 2.00a4.50; strawberries, quart, 30a40. £ flnl'r,‘lm?- ke ‘pound, Poultry, alive—Yor urkeys, 3 33a40; old, 25a30; y‘;nuf:: chickens, 33a Norway 6s 194 102% 10; Norway 6s 194 1023 102 Orient Dev 5155 8815 88 Par.s-Ly-Med s 104% 104 Paris Orleans 5345, 96% 95% 9 Peru 6367 w 1. 88% 88% 88 Peru 6s ct: .3 89 8 89 e Peru 1s 102:4 1021 102 | L1} Cent 4%;s 66 Pirelli 7s 52, 148 14714 14715 Il Cent Chi 4 %58 Poland 6s 40. 82 SN Stk Poland 7s (rct 88 B7T% 8 Poland 8s.. 99 98W 93 Queensland Gs. 104% 104% 1044 Queensiand 7s. e Rhinelbs Un7..... 2 104% 104 104% RhineWst EP 6852 92u 924 92% | Rhinewst EP 65'53 91 934 94 Rio de Janeiro 6%s 94% 9% 94% Riode Jan 851946.. 1 106 106 106 105% 105% 105% 914 911z 91k 113 113 ‘113 107 107 107 107% 107 107 99% 99 99 20% 80 - ¥0 9315 93k 931 N GCRDNATH RO G R RS ek Federal-American Co. pfd.—10 at 103. Lanston Monotype—1 at 124, P Merchants’ Transfer & Storage com.— 10 at 128, 13 at 127. Mergenthaler Linotype—8 at 10475, AFTER CALL. Capital Traction 55—$1,000 at 102. Electric Cons. 5s—$1,000 at 1024, Chesapeake & Potomac Tel, 55— i~ ac Tel. 55‘ -$3,000 Washingion Gas 65 “A"— $2.000 at 105. el Capital Traction Co—11 at 106%, 13 at 1061, ;uhlngmn g“ g,lghc—«) at 12415 n Gas 55—810,000 at 1013 Potomac Electric 51,% pfd.—10 at 109%. Oolumbia Sand & Gravel pld—10 at Mergenthaler Linotype—20 at 1041, Barber & Ross 6%55—$9,000 at 947, UNLISTED DEPT. Park Savings Bank—10 at 80, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga. 4% Amer. Tel. & T¢ 4 Am'irel & rele S, 4 Anacostia & Pot. R, Ans. & Pot. guar. 55. CoMmpLET Ist & 2nd TRUST MONEY On homes, apartment buildings and business properties. No appraisal 20a30; geese, i " guinea fowls, each, 40a80; fee. Prompt_service. pigeons, pair, 30. Poultry, dressed— Turkeys, young, pound, 30a40; old, 25a 30: chickens, young, 30a35; old and mixed, 25a30; capons, 33a42; mnm'f“‘ 18a20; ducks, 25a30; geese, Eggs—Receipts, 602 cases: native and & Guaranty Corp. nearby firsts, free cases, 38a381%; cur- Tent recelpts, 32836l | | 24 Jackson Place Butter—Good to ~ fancy creamery, . gmmd, 47a52; prints, 52a54; blocks, 51a 3: ladles, 34a38; store packed, 25; rolls, 25a28; dairy prints, 23a28; process butter, 41a42. Hay and Grain Prices. Wheat—No. 2 red Winter, garlicky, spot, 1.38: January delivery, 1.38. 6Zenith Radio Sales in hundreds. 60 Am Con M & M Ltd. 220 Ariz Globe C. § Carnezte Met 35 Gom Dri P 7' Int Kap Trans 7s. Int Gt Nor 55 1956 Int&GtNor adj 6s 52 Int & G Nor 1st 6s.. IntRysC A bs 72... Int Ry CA 6%sret. lowa Cent rf 4s.... Kansas City 8 6s... Kan City Term 4s. Lehigh Val cn 4s. LehighVal con 4%s Louis & Nash is B, Louis & Nash 7s... Market St 75 40.... MilEl Ry & L 58 61 Minn & StLret 4s.. Minn & StL cn 5s. 99 98% 98% | M St P & SSM j%s. 88% 88% 88%|MK&T4sB. 103% 103% 103% | Mo Pacific gen 4 Mo Pac 5s F 17 Uruguay 8s. 109% 109% 109y | Mo Pacific 53 G *78. Vienna 6s°52...... 88 8T% 8i4 Nash Chat&StL 4s. MISCELLANEOUS. oo g 3 Abram&Straus 5%s 8 115% 114% 115'% 2 5885 o} onLead S Pirst Natl Copper 5 Qolden” Center "M en r S Eoldna Gon L ) ng Pub Ser opt war vans Auto Lead Wall Lead 21 vans Wall Lead pid Falc Pin ... 24 Faseol Mot Co'". Fa'rehild Aviat A Fansteel Prod BY KENNETH S. VAN STRUM. NEW YORK, February 2.—During the next few weeks it will be more im- portant than ever before that the stock market keep well aware of events in the banking gfl? It is, h:w(e've'l"‘, t;rre‘; endously difficult to wee 0] :ua of lzleekly bank statements those vital figures which indicate the true state of affairs. . i 2% 3 Market Needs Further Loans. HY-] ST Gen.. ‘}2'/. Many are of the opinion that in- 2 Forhan Co A. 323y creulny( brokers' loans show only nor-| oo A 14 mal growth and do not signify that stock prices are inflated. But the Reserve in banks firmly believe that any further § Go expansion of brokers’ loans by banks 31 Gen would be most unwise. Since Federal Reserve policies will determine future capons, old 17a18; ducl o s S 25 creoBmaEBatsDn~G San Paulo City 8s.. Sao Paulo 8s 1936.. Sao Paulo 1950 KERwa o Sham e e ase e BN S o e s T ' e Sweden 6s. Swiss b%s Toho El Pow 7s. Tokio 548 1961. Utd Kingm 5%s 37, Utd SteamCopen 63 CRemNES e o =3 Main 1403 weae N Y Cen gen33% Alleghany cv 55 w i314-106'% 105% 106 AmAgriChem 7%s. 2 106 106 106 AmChain 6s'33... - 9 98 97 97% Am Int Cor 53549 158 110% 109% 109% NYCrtim4}4s, Y Centrf5s...., NY C&StL 4%sC.. 1 NYChI&SIL b b money rates to a large extent, their cplnm’ns carry a good deal of pofer. If the stock market is to continue to rise it must have larger brokers’ Jons, Corn—No. 2 export, January delivery, 1.07%: No. 2 yellow, domestic, spot, 1.12; cob corn, 5.25a5.50. L Oats—No. 2 white, domestic, spot, First Mortgages Loans for building or refinancing—both large and small — can made through us— without delay. Every application is considered promptly and granted if war- ranted by conditions. Ample funds for loans in any amount. w_Rate of Interest Commission NYGhi&StL 5%4s B. NY Sus&Wn gen 58 New Haven 45 55 i o the Federal Reserve bEnks g“"‘,“n"}‘znl?.ur‘i'uk ;:;‘iu:ln&e expand their facilities, the R stock market must turn for additional funds to the New York or “out-of- town” member banks; or else to “other S ere seems to be little possibllity that member banks will expand their brokers' loans greatly in the near future, because in spite of a moderate decline in rediscounts during the past three weeks they are still heavily indebted to the Federal Reserve banks. In ad- 3 Hazeltine Corp. . dition, the demand for commercial loans :l;i’:lrc&‘“ml;za:;u.: for Spring business will soon begin and S anien Chems .- a8 the banks will be more eager to meell fl; mrl:mm\wk Ao(. w 2 Am NatGas 648’42 9 93 93 93'% AnSmit& R1stss. 13 101 100% 100% Am Sugar Ref 6s... 1 104% 104% 1043 | NS AmT&Teltrds., 5 99% 99% 993 | NY NH&H db4ss7. AmT&Toltrbs.. 11 104w 1037% 1037 | N H&D v ab 6 4 Ross. Tnc, 6 AmT&Taebs.... 14 100 104% 1041 | Nof Sy v st 4. Chatave it Botei 8 . fgiis |Am Tel& Tel5%s.” 22 107 106% 107 | X% QU €08 1505 Chevy Chase Club Stzs. Am Water Wks8a. 18 984 98 98 '|NygiaieRy 6%8 63, 1% 6813 D. C. Paper Mg 6 ..o AmWrtgPap8s'4? L 821a 824 8214 | N \\e g b 4spese g TPta o Stock Ld Bi 'S Anaconda 1st6s... 31 105% 105 105 |\ % V&S 4Me0ee L 2 & age 55 : 108 105 | Nor &S gen 58 54. . 1 ‘Wash. Cons. Title Co. Anaconda cvdb 7s. 42 203% 2024 202% Norfolk & W cn 4s. u1e 9% Armour&Co44s39 7 92u v2 9| Noriore N on g% 661 661 Armour Del 53s 12 9% 9% gl’u Nor Pac 4%s 2047 98 98 ; 4 T T T34 INorchern Pac b8 D, 105 101 Atlantic Refin 5s..,116 102 101 101 Northern Pacr§ 63, 112% 1124 Barnsdl 6s w o war - 100 100 |QOre Short L, rfs ¢s. v 95 5 3 3 demands than stock market Both Steel 534a 3. & 1o 1024 | Pennsy1 con 43s. .. 100% 100 | o (e Wil have the backing| | Hormel'q co ! Bethlehem Steel 65, 19 105 104% 104% | Pennsyl gen 43as. . 99% %% of the Reserve banks. 2 Huylers Strs of Skiyn idison 39 . 2 104% 104% 1045 | Eenna R 1 4%3 63, 98% 981 | : 2 Tmn Ghemical 1o Cortaln-Tdstarets 1 79 79 7 |Pennsylgenss 10754 1074 “Other” Loans. , 3 Tndust Finance ' cit. . Chile Copper sa.ors § 95 93% 93% D L 100w 103% | The stock market, it seems, will be () ol aseniraen'ea” uh '3 "3 ‘39 | emnevi old T L2 102, | for s souns if e general masket s L i Port RL& i 980 g Cuban Am Sug 8 4 l\)OI‘ 92". lOfP Reading gen 4 9714 | Investment m!u'ln-n? p;:v-tg“‘n’xv':g Dodge 6s. . 48 1031 1024 1024 | 106 Wt ol 83" | uals who are lending In the call money iy 1 100 1% 100 [RIATK& L s gon m-r::ab&tr-m:;:u‘z:;‘mmm Roior % s ) 1 Gen Cable 5% 4 90% 99K o0y | SLL/IMAS su 38 99 . | the stock market will probably have to Gen Mot Ac Cor 43 103 1023 102y | St L IM&S R&G 94% | pay a higher price for accommodation, 10 93% 93 93y |SLL&SFplasA 86% | P33 G Fere. ot for the large sums of 3 87 87 87 [StL&SFri%al money supplied by “others” during the 1300100 d09 | SELWW.einanst. past_year, call money rates would be 44.101% 101% 101y | Stlo & Sown Bx 52, . muchhigher. Since the future stock prices Bt B LIERL s, depend upon new supplies of credit the :131"&. 10;3- lg:?. b A A rup::rcn of the “others,” who must 0215 10213 10313 | SeaToArd AL 48 ata. furnish the credit, become of tremen- : ]97;: !hzll: 19":3 5“‘;‘)“;"’:‘."“' dous importance. As long as loans by 27 116%% 113% 116% |88 A Fla 65 36 Zothers" increase us rapidly as they did 7 98% 97% 98%|SB All Fla 5 during January there need be no Int Mer Marine 6s. 2 100 100 100 to worry about stock mArEet credit. But Int Paper 5s 47. 3 95% 95% 95% if the upward trend of “others” loans 62a6215: No. 2 white, domestic, spot,. 5912260, " Rye—Nearby, 1.10a1.20. ' Hay—Réceipts, none. While hay is arriving here in limited quantities only, it is more than ample for the demand, which is being supplied, mostly by truck, from nearby points, few carloads being received. There is not enough business passing to establish rflces on the vari- ous kinds on merit at a range of 17.00a 19.00 per ton of timothy or clover hay. © Smrwelend~ 5 Unow )y Pete 283, ¢ Srond Grlp Shoe - '801 "y, o} BB QLF 1 Gini bia o1 4 Ground Grip 8h pfd 2 i 4 1 Guardian Pirg & omaokls ol 8 Hall Printing. 2 Happin C St A 10 Hart Parr, 6 Hartman Tol 68 Haygart Corp BB s Ben TREASURY CERTIFICATES. (Reported by J & W. Scligman & Co.) ate—Maturity. 2 o 15. Vigas. e }:}2 Mar. o Amer. Tel. & Telga Qisital Traction o as) . Washinsion G [rogere T o B e 19> 0 S ¢ eeaa 8 B! 5 v We Will Lend You Money In Any Amount At 5 % % Interest For Periods of 3, 5 or 10 Years In Nearby Maryland, Virginia the District of Columbia Apartments, Residence or Business Properties Founded 1007 1417 K St. Main 9300 Loan Correspondent John Hancock Mutual Life Insurance Co. _4_.._. 5 A 28 =0 238 3 3338 Bales | ARD hite. iR AR 3 2 * o) 25 Becond' . National Bank of Washingion.. TRUST COMPANIES, American Security & Trust 470 Continental Trust. .o oo 119 erchants’ Ba 19 e 23338 o 3 33 Fr Siissesiazsss 38328 X Hoe & Co 6%3s.. Humble Oil 5s..... Humble O & R 5% Illinois Bell 1st 5s.. 1ilinois Steel 4%s.. Indiana Steel 5: Inland Stl 414s°78, Intl Cement 68 48.. Intl Match 5s 47 3 o &3 i 283355538 2 22222 {3 400 Nat et ® 1300 Ohlo G 400 Penn Mex ' Fu 200 South Penn O 37600 8 O S S oo Babets. sssagussis = = <5 o S538sde 2 288 = 2883528352028 ER2n e 22 33E! & &t reel ates. . Washington Mechanics'. FIRE INSURANCE. HeaSwenne! N PEFRES EERETS 55 DRI, 3 Firemen’s National Union TITLE INSURANCE. Columbia Title. ... x Real Estate Title SRiss Title & Inv. Co. of Md. com.... Wash. Cons. Title pfd.... . MISCELLANEOUS, Barber & Ross. Inc., com.. Chevy Chase Dairy pfd.. 333 0520 s S0 s B a3 el 2222552000 >! =8 =2 T 2223 093 S = 3 LL . Sand & Gravel pfd.. Commercial Natl Co. pfd . C. Paper Mfr. ptd ist’ Natl. Securities pid ederal Storage pfd.... .. Federal-American Co. com Federal-American pfd..... Lanston_Monotype Merch, Trans. & Merch. Trans. & Mergenthaler National Mtge & Inv. pfd. Peoples Druz Stores pfd Security 2223222382332 -..a. 2252 EL iy B3 323255525 0 CELE=ll o 2 ; SusBe B> ;g k| FRSEEN 22 ¥ Over a Third of @ Century’s Experience oF 352 s et 333w 2900 733! =5 e 3 West Shore 43 2361, Wheel&LE rf 41;s. =t 3 ELEEED 52 13 com’ ... v idz. Corp Woodward & Lothrop pfd Unlisted Department. BONDS. Army-Navy Club 5 Clul 128 29929 °a3 553 i~ 2 Nor Ohfo Tr & L 6s. Pacific Gas & EI 5 PacT & T 1st bs. Pac T & T 58 52 Pan-Amer Pete 6s. Paramount 6s 1947, Pathe Exchange 7s. Inter Paper 6s. 11 9 96 94 1 in the weekly bank statement stops, or int Tel&Teleg . 12 9315 93 9314 turns downward, there will be some Int Ted&Tel 4358 cv120 119% 118% 119 doubt as to where the stock market will Ligget&Myersss51. 13 100% 100 100% | Sou Ry 63 58. get the necessary funds for further ex- Loew’s 6s W o war,. 3 M 0% O | Asso ST 48 pansion. A Lorillard 6s.. 8% 8k i pring Lorillard 5% 2 8% 87% 87 |Tex & PacssB 1977 A bl Lorillard (1) 78 4110 110" 110 |Third Averetds o 1t is unwise to expect the stock mar- Louisv G & E§s52, 2 10315 103 103 [Third Avead) ket to-follow a predestined course at ManatiSug st 7%8. 9915 | Tol Tr “""f % any time, but since each year so much Mid-Con 6%s40... 1 305 | omac K5 is “said about the possibilities of a 993 100 ' | Ulstr&De “Spring rise,” it 1is interesting at this 2 102t 1024 1024 | Union Pac H rom to examine the figures for any a Mont Power deb 6s. 17 100% 100 100% | Union Pac 1st rf 4s. nclination of a regular tendency to Natl Fam Mor's&Co 1st4%s. 2 88% 88 884 b":"“g“’:';’/’"" rise each year. 11 Natl Fam Nat Dairy 5%48.... 32 96 95% 05% 3;‘ e n it The Spring rise theory seems plausi- Nat Radiator 6%48. 9 81 80y 81 IR O T ble enough since a rise in early Feb- NewEnglandTel §i 1106 106 106 ruary and March would naturally pre- H £ N Y Edison 53 44. 1 104% 104% 104% cede Spring expansion in industry and 2Nat Sugs R N J n. N Y Edison6%s... 11 115 114% 114% trade. But the records of the past| 2Nat Tea n.... NYGELH&P4s 2 934 93% 93% six years at least show that for only NYGELH&Pbs 10 106% 106% 106% three Springs—1925, 1927, N Y Tel 6s41.. B 10675 106% 106% market actually rose. During Y Tel 6349, 1 1104 110% 1101, 1924 and 1926 the market fell. = Going 11013 101% 101% back over a longer period of years, the 7 101% 101 101 same lack of uniformity makes it evi- i igl‘:fi iz{:‘l i‘;::! d;nt t}nh“t i?mek are more vital factors 4 101% 101% affect e trend of stock than o tozw tom ton| | New York Stock and | |ine'seasonsi svings in busintes setivier| 13 Bl 23 105 105 105 oD s e 8 g : Ren g Ly Bid. Asked. 90 00! Management Involves BaelaummniulalualiocscwanSon-—susosanbEones! S EEEEEL 7 103 1034 103% 9 100% 100 100 | 1 80% S0% 80% 10 99% 98% 99% 5 92 921, 9218 a Elec . (Copyright, 1929.) Nor Amer Aviation o 3 North util_Sec Al 338 North Easte U. S. TREASURY RECEIPTS. LR TR g Treasury receipts for January 81 1 Northam ,"fi' ;:x:: : 10 92% 9% 92% i were $9,666,551.78; expenditures, $10,- A 11070 1074 1074 o los 5 & 697,932.67; balance, $131,445,499.97. a Tel & CH¥ks. 37 937 (93, 94 roads averages . I BALTIMORE STOCKS Pressd Steel Car 58 6 961 96% 91 RemingtonAr 6832, 1 100 100 100 soTolal bond sales (ar value), 85, T e By Special Wire to The Star. "B ALTIMORE. Februnrs 2o Bond Averages. SATURDAY, FEBRUARY 2. i 3 08! 2. Gommercial, Club City Club 7s,.. . Metropolitan Club 4 SEE3E, —experienced judgment to deal with constantly arising exigencies — together with the efficient rental facilities. Apartments management are notably profitable investments for their owners. pRRgEEs . 2*ZZge0 %00, S i s il » Rem Rnd 6%s war. 13 944 94% 944 Sinclair Ol 6s. 8 99% 991, 99y Sinclair Ol 6% 1 100% 100% Sinelair 01l 73 X 1023 1027 Sinclair Crude 518 9616 9614 Sin Pipe Line bs . S85228! Fre Nationel Bank Miller Train Control. Munsey Trusi Co. North Cap. Savings Bank. Northeast Savirgs Bank. Park Savings Bank Rale'sh Hotel Co. G0 Ten Dublic utilities averaged 96.91 Sanineton Savings Bamk. s Southwest Bell 58. . ; Toss, -00: | gashingion B Club T i 4y [Siand ON N bs 46, 10 102% 1021 102% T dndustrials averaged 100.13; ‘Woodridge-Langdon Sav'gs Bk. 25 35 :lrt;nd Olllfl,\'gllb‘;;:« L'; lzg“‘ lggl' 133:‘ lC bined averages, 96.5%; net loss, el P ‘ranscon! i s 1] 9 ] o About 85 Gacent of the sutomo- | Unlied Drug Sacd.. 16 954 98 3o s e e e Menh ses Wes 2 Bl S22 909D S4T U S RAPAMETARRYa 17 924 834 334 = nder our 00 iz sesessoss mfit‘g.*::! FEEE ssgeassese 3 —gggono e o * iV 5 a3 B. F. SAUL CoO. Main 2100 925 15th St.