Evening Star Newspaper, February 4, 1929, Page 15

FINANCIALY THE tVEhTIsG STAR. WASHINGTON, D.. C. MONDAY, FEBRUARY 4. 1929. ‘Real Estate Loans —seenred by first deeds of trust on property in Washington and nearby Maryland. We can refinance your ma- turing losn. Prompt and courteous “1HoS. E. JARRELL CO. Realtors 721 10th St. N.W, Main 766 First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Tns. Co. 1520 K Street Main 475 THE IDEAL INVESTMENT Standard Collateral Trusteed Common Stock Shares - —represent & TRUSTEED INTEREST in 100 leading American Corpora- 1, - haPRINCIPAL have an) assurance O geds o 1938 of these 100 idends s ffl;rl‘)'n'v dl“filrl’; exceeded TWO BILLION DOLLARS. ey For Particulars and Price Call Standard Collateral Shares Corporation Franklin 2383, Woodward Bldr. "~ Money to Loan Becured by first deed of trust on real estate. Prevailing interest and commission. Joseph 1. Weller Mortgages Investments JAMES Y. PENNEBAKER Main 5328 1520 K St. N.W. Buck & Company Stocks Bonds Grain Cotton Write or call for weekly market letter No obligations BUCK AND COMPANY Evans Bldg. 1420 New York Ave. Franklin 7300 Secured by First Mortgages Safe—Conservative Make vour savings and surplus funds work for you at the highest inter- in financing est rate consistent homes and in the with absolute sale of these se- safety. curities. Wm.H. Saunders Co., Inc. REALTORS Main 1016 41 Years’ Experience 1433 K " REAL ESTATE ~ NOTES . Secured by First Trusts Conservative Appraisals Decline in One Group Brings Market Average to y Record Low. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, February 4.—Of more significance than the irregular move- ments in speculative or inactive bonds today was the heavy tone again in high- grade rails. Many of these issues in the past week have sold either below or close to the low figures of 1928. Their decline has brought the general average of the domestic bond market to the lowest of the year. The supply is not large, | but even with offerings of the present | size there is not sufficient buying power to keep.the list steady. The condition is due not only to the high rates for money, but to a cer- tain amount. of selling by those who are tired out by the action of bonds and {are putting their funds into securities that have a greater amount of play. | The convertible issues did not move over so wide a range today. Several of them were under the influence of profit taking. This was especially true of In- ternational Telephone 41;s, Alleghany gorporntlnn 5s. American International 15 , in which last week's total turn- was approximately 20 per cent of the entire bond transactions on the stock exchange. The Alleghany Corpora- ;‘i_m;‘ issue was 5 points under its recent igh. Outside of this group, and distinctly strong, were Anaconda Copper 7, Porto Rico Tobacco 6s and International Cement 5s, in which the gains were be- | tween 2 and 3 points. Dodge 6s were heavy and have lost 2!, points since the break in Chrysler stock started. One of the significant features of the junior rail market was the further decline in the new 41 per cent bonds of the Frisco, Wabash & {Rock Island, and the weakness in the older issues of the same coupon of the Great Northern, Illinois Central and Burlington. An issue of $25,000,000 Central Public Service convertible 555 at 9612 is to be offered in a day or two. Thé bonds are convertible into 6 per cent pre- ferred stock. There were about $17,000,000 of tax- exempt bonds offered today to a mar- ket that has improved somewhat since the first of the year. ‘The new Prussian Electric 6 per cent debentures had the effect of stimulat- ing the price of Eléctric Power Corpo- | ration of Germany 615s, which advanced 3 points in a belated recognition of their relatively high yield. The Con- solidated Gas of Baltimore 4% repre- sented the highest type of public util- {ity bond that has been brought out in some time, with the issue legal for sav- ings banks in seven States. SAFEWAY STORES CHAIN | By the Assoclated Press. { LOS ANGELES, February 4.— The | acquisition of 183 Piggly Wiggly Gro- cery Stores in the Los Angeles metro- politan area by the Safeway Stores Co., a Maryland holding corporation of chain grocery and vegetable stores, was announced by Edward Dale, vice presi- dent of latter firm. Value of the 183 merged stores was estimated at $3,500,000. The consoli- dation, which becomes effective Tues- day, was described as forming the third largest grocery chain in the country. ‘The chain's business volume for 1929 was estimated at $180,000,000. . Washington Stock Exchange SALES. ‘Washington Rwy. & Elec. 45—81,000 at 891, $1,000 at 89'; $1,000 at 89, $7,000 at 89. Capital Traction Co.—10 at 10613, 5 at 1065, 10 at 1063, | Potomac Electric 6% pfd.—5 at 113. Potomac Electric 5% % pfd.—5 at 108Y ‘Washington Gas Light—1 at 124, 5 at 120, 4 at 115. Chevy Chase Dairy pfd—5 at 107, Federal-American Co. Am.—10 at 55, 10 ISSUES ARE HEAVY, UNITED STATES. (Salas are tn $1.000.) Lib 3%s. Lib1st4is Lib 4th 43(s 301 1008 US3Ks. 16 1026 102 US4is52. 26 11014 1104 FOREIGN. Sales. High. Low. Close. 5 91t 9l% 911 5 14 100% 100% 100 May '61. 12 100% 100% 100% 6s0ct 59 5 100% 100% 100% Argentine 5% s 7 96% 96k 96 Argentine 6s A. 8 101 11 100% 100 % 20 8Tta 87% Australia 531956 ) 96 954 95k Australia 581957.. 12 95 94k 95 Austria 7s... 3103 102% 103 Bankof Chile614s. 3 931 981 981 | Bank of Chile 6%, 99 Belgium 2 1004 100% 1005 | Belgium . 13 106% 106% 106% | 4109 108% 103% 3 106% 106 106 . 8114 116 115 . 22 109% 109% 109% 2 935 93% 93% 7 102t 1014 102 9 1001 100% 100% 30 962 96 9hly 7 96% 96 96 1 100% 100% 100% 6 1081 108 108l 12 1014 101 101 1 100% 100% 100% 10 105% 105% 103% 2 100t 100 100% 93 93% Close 99 100 1008 1026 1104 Argentine 58 Argent Argent 100t 100% 100% 8% Bolivia 7s... Bolivia 8: Brazil $%s 19217, Bl e saiie. Brazil 8s. . . Bremen State 7 Canada 5 1931 Canada 5s 1952 Canada 5%s 19 Chile 65’60 Chile 6s'61. Chile 75 1943 Chinese Gov Con Pow Japan 7. 9 98 9K Copenhagen 434853 3 89'x 883 885 | Copenhagen 5s ¢ 5 96l 96% 964 Cuba 5%s. 28 103% 103 103 Czecho 8s 1 3 1104 110 110% Danish Munic8sA. 1110 110 110 Danish Munic 88 B. 3 109% 109% 1095 Denmark 43| 89l R9% 89l Denmark 6s. .. 1045, 10410 104t Dutch East I 65 4 utch East 1 6s 6; Fiat Ts war '46..... 2 165 165 165 Fiat 7s x war 46... 11 100 99% 100 Finland 5%s. . 5 90% 90% 904 Finland s f 65 45 96 96% 981 Finland 7s. .. 12 100% 100 100% Framerican 7% 6 105 105 105 French 7s 33 108% 108% 108% French T3s. 77 113% 113 118 GermanEIP 6%4s.. 11 96 94 96 German 7s. 5 107% 1075% 107% 98% 98% 9R% 1 1034 103% 103% . 7100 995 99y 11 100% 100 100 5. 1 96% 964 9% w38 9T 9TH 9Th 8 94% 9% 9% 9 921 92 924 | 23 101% 1014 101% | 13 100% 100 100 8100 99% 100 4 21% 2% 2% Ger Am Ban] Ger Gen Elec I Italian Pub 8 7s Japanese 4s. Japanese 6148 Lyon 6s. Marseille 6s. Mexico 4s 0 Mexico 45°10 asn! IS FURTHER EXPANDED 5 208 20% 20% 8 904 X9% 89T 1 102% 10213 10235 Netherland: 6100 100 100 New So Wa <43 9% 4% 91% New So Wales58s.. 7 94% 94} 9% Nord 634S......... 19 103% 1033 103% Norway 551963.... 6 97 96% 965 Norway 5%s. 5 101% 100% 101% Norway 651943 102% 103 Norway 6s 1944 Norway 6%s 1952. . Orient Dev 5%s Ly-Med 6 Ly-Med 7. Paris Orleans 5% Peru 6367 w Milan 63s. Montevideo 88la 88l 100% 100 884 100% 3 102% 102 1148 148 13 82K BI% 824 38 88 87% 87k 9 9 98a 99 2 104% 104% 1044 9111 111 111 Rhinelbe Un 7. T 104% 104 104 RhineWst EP 65'52 15 92% 924 92% RhineWst EP 6s'53 19 94k 93% 94 RbineWst EP 78’50 3 101'% 101 101% Riode Janeiro 6348. 13 94% 94 94 Riode Jan 8s1946.. 3 106'5 106% 106% Rio Gr Do Sul 8 1106 106 106 Rome 63%4s... <11 91% 91% 91% Sao Paulo 8s 1936 1107 107 107 2 106% 106% 106% 8 99% 984 99% Seine 73 42. 7 108 © 107% 107% Serbs Cr Sl 21 80 9% T9% Serbs Crot Slo 8 8 94 9% 94 1 98% 98% 98% 15 104% 104%. 104% 4 102% 102% 102% 3103 103 103 Swiss Confed 6 110% 110 110% Tokio bs. .. 1 18 8 kil Tokio 5%s81961.... 3 88% 88% 88% Poland 7s (rets). Poland 8s.... Queensland 6s. Queensiand 7s. Sales. Nor Ohjo Tr & L 6s. 2 Nor States Pow bs.. Pac T & T 6862 Pan-Amer Pan-Amer P Paramount 63 1947, 2. Pathe Exchange 7. People s Gas Phila Co b Philips Petro 53 Por Ric Am Tob Postal Tel & C 5% Punta Alegre 7. { RemingtonAr 6s 32, Rem Rnd 5%s war, Sinclalr Oll 63 Sinclair Oil 6148 Sinclair O117s . Sinclair Crude 5%s. Sin Pipe Line 5s. .. Southwest Bell bs Stand Oil N J 53 46. Rtand OIIN Y 4158, SugarkistOriente7s, ‘Tenn Copper 6s°41. TennElecPow 65 47 Transcontl Oil 614 s United Drug 68 53 U S Rub 18t rf 6 US Rub T%s... US Steelsfhs.... Utah Pow & Lt 5s. Utilities Powr 5% Vertientes Sug 7 Walworth 6s'45. .. Walworth 63835, West Elec 5s W Waes White Eagle O 5% Willys-Ov 6%s 33 Wilson & Co 1st 6s. WinRepeatAr7%s. Yngstn S&T 6s wi. 50 Ann Arbor 4. ..... At&SK cvt 4s 05 Atchison ad) 4s. Atchison gen 4s.... Atlantic C L 1st 4s. AtlanticCLcl 4s.. 8 AtlanticC L 4%s 64 3 Atl& Dan1st 4s 43, 2 Atl&Dan2d 4s48.. 3 B & O Gold 4s. B&Ocv 4% B & Oref bs. B & O 58 2000 D, 1 15 11 Brooklyn Elec Brooklyn Elev 6 Bklyn Mannat 6s Bkiyn Un El 5s Buff R&Pitt 4% Can Nat 4%s 30. Can Nat 4%s 57, Canad North 7s. Canad Pac deb 4: Can Pac 4%s 4 Car Clinch & O 5: Central of Ga 68 Cent Pac 1st 58 80.. Chesa Corp bs w1.. Ches & O cv 4%s... Chi & Alton 3% Chi & Alt 3128 ct ChiB&Q 1strf CB&QIII3s Chi&E 111 gn b: Chi Gt West 45 59. CM&StPgn8d... Chi MESIP 438 E. 2 ChiMilSP&Pacis?s. 95 CMSP&Pacad)’s03. 109 Chi & NW 7s o 2 CRIPac4swi. ChSitPM&O 58 '30. ChiTH&SE Chi T H ine 68 60 Chi Un Sta 4%s. Chi Unlon Sta bs 44, Chi Union Sta 63s. Chi & W Ind cn 4s.. CCC&StLsD,.. CCC & St L rf 63 A.. Clev Term bs. C&W16%s862, Cuba RRbs.. Cuba Nor 348 cts. . Del & Hud 5%S.... Den & Rio G en 4 D Rio G West 6s... DRG & Wst 5s5'78 Des M &Ft D 4s Des M & FiD 4s cfs Det United 4% s. Erie 15t cons 48. Erie Gen 4s... Erlecvt 6867 w Erie conv ext 7s.. 101's 100% HIGH-GRADE BOND | oo vome BONDS stocx sxcmance] Received by Private Wire Direst %o The Star Offies High. Low 101 2 101% Close. 101 100°s 101% 105 103% 1041, 993 810 105% 1024 9674 94 93% 1035 4 1045 2 100% 9614 92y, 10112 108 99% 10215 96! 95% 109 106% 101% 96'4 92% 10113 108 100% 97 94 91 95 103 1093, 1043 s 101 101 4 103 107% 100% RAILROAD. 6% 90Ls 85 913 92% 100 100 1023 100% 107% 100% 997% 96% T00m T0% INCREASED MARKET BUSINESS IS SEEN Warmer Weather Results in Greater Supplies of Fruits and Vegetables. Changed weather conditions probably will result in a decided improvement in wholesale trading this week. It was warm enough this morning to_enable dealers in fruits and vegetables to make more attractive displays than they were able to make last week. It is expected that increased business will follow the return to the city of Herbert C. Hoover from Florida, many visitors from all sections of the coun- try being expected to reach here shortly. There is not the slightest possibility of a shortage of any food products for the approaching inaugural period, deal- ers report, and it is said that prices probably will be cheaper than prices quoted today. Heavy snow in the Shenandoah Val- ley last week delayed a number of haulers of eggs, poultry and all kinds of produce farmers are sending to the Jocal market. Some of the delayed haulers reached here the last of the week, however, and expect to reach here on time this week. Dealers this morning had ample sup- plies of all commodities to meet de- mands of retailets, prices being about the same as prices quoted the last of the week. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 51a52; tub, 50a51; store packed, 30a35. Fggs—Hennery, 40a42; fresh selected, 38a40; current receipts, 37a38; storage, 30a32. Poultry, alive—Turkeys, 36a37; Spring chickens, 35a36; Leghorns, 30; fowls, 28a30; roosters, 19a20; ducks, 25: geese, 20; keats, young 56a60, old 30. Dressed “Turkeys, 40a45; Spring chickens, 38a 40; Leghorns, 30a32; fowls, 28; capons, large 455146, small 38a40; ducks, 32a3 geese, 25a30; keats, 80a1.00. Meats, fresh killed—Beef, 18a21; ve: 24a28; lamb, 30; pork loins, 24a25; fresh hams, 23a24; fresh shoulders, 16a 17; smoked hams, 26; smoked shoulders, 16: bacon, 22; lard, in tins 13%%, in kages 14. p"lc..lveE stock—Calves, 17al7%; lambs, 13a14. Fruit and Vegetable Review. The daily market report on fruits and vegetables (compiled by the Market News Service Bureau of Agricultural Eco- e nomics) says: ‘Apples—Supplies moderate: demand moderate, market steady; Barrels, too few sales reportzd to quote; boxes, ‘Washington, medium to large size, ex- tra fancy Delicious, mostly around 3.50; Staymans, 2.50a2.75; bushel Virginia, U. 8. No. 1, 2% inches up Staymans, 1.75a1.90; 2% inches up, 1.85a2.00. 3 Cabbage—Supplies liberal; deman light, mlgrkel slightly weaker; new stock, orida, 1%;-bushel hampers, pointed type, 1.50a1.75; mostly 1.50; South Carolina, 1';-bushel hampers, type, 1.25a1.50; old stock, New York, sacked, per hundredweight, Danish type, 2.75. i Celery—Supplies moderate; deman light, market about steady; Florida, 10- inch crates, individually washed and pre-cooled, 4-6 dozen, 3.00a3.25. Lettuce—Western, supplies moderate; demand light, market steady; Arizona, crates, Iceberg type, 4-5 dozen, fair quality and condition, 3.00a3.25; Cali- | Motars. fornia, Imperial valley, crates, Iceberg , 4-5 dozen, 4.00; few low as 3.75. - ppers—Supplies moderate; demand light, market slight weaker; Florida, pepper crates, fancy, 3.50a4.00. « Sales. {StL & Sown 6s752.. 1 St P& KCShL 4%s. 2 SeabAL ad) 65 1949. 18 Seab A L con 6s.... 60 S B All Fla 6835 A. SB All Fla 65 35 B.. Sou Pac 4s 29 Sou Pacific re! Sou Pac 4%s re Sou Ry gen Sou Ry Con Sou Ry 6s 5! Sou Ry 6%s... Sou Ry Mo & O Term Asso S L 4s TexArk F'S 5128 50. baskets, | 1 AGAI SHONS GA Advance Is Broad but Spotty. Motors Return to Pop- ula Favor. Special Dispatch to The Star. | NEW HAVEN, Conn., February 4.—| The stock market brightened and| strengthened toward the end of last week with big advances Thursday in many of the market favorites, sending the price indexes up to new high marks. The week’s performance was spotty, however. The entire industrial list ad: vanced less than 1} per cent. were stationary. Rails and preferred shares moved up only fractionally, but the utilities group scored a_ sharp in- crease. The best group advance was ain in the motors, with General otors, Nash and Studebaker conspic- uous. Despite Thursday's sharp rises in fa- vorites and the new high records for| the industrial indexes, only three of the industrial groups showed gains for the week, and that of steels was scarcely | noticeable. The rise in the miscella- | neous group was largely attributable to Du Pont, General Electric and National Cash Register, which showed gains for the week of 15 to 50 points each. The stores, foods. coppers, accessories and oils groups all showed slight de- clines, that of the stores being most marked, their index going off 2! points, or over 1 per cent. National Bellas Hess, National Tea and Shattuck were each off 5 points or so. The market leaders pegged up a heavy average ad- | vance, the index going up ever 17 points, or nearly 2> per cent. The rate | of return on market leaders dropped a | tenth of 1 per cent. | ‘The compact survey of New York Stock Exchange movements of common | industrial shares is given below in price | indexes (1926=100) for all shares out-| standing and for the week’s 50 most active stocks. The last column of the | table gives the rate of return on the | week’s 50 leaders at current prices. outst’g leaders return 28% 32333 3 SB82 it ol 582 | October average | September averar August average uly average June ‘average May average April average . arch average February averag January average 192 age 13 43 fassse | i Low (26:29) ... 95 93. | (Apr'26) (Apr'26) (Jan'29) Best Stocks Most Active. Stock market movements among the industrials last week when analyzed ac- cording to financial strength and divi- | dend record show that the highest grade or investment stocks scored twice as large a gain as the second-grade stocks. There was an actual average decline in p&:::‘ of the third-grade or speculative s 3 First-grade stocks were up about 1.6 per cent for the week, Leaders in the movement were American Smelting, Du Pont, International Harvester, Westing- house and two Generals—Electric and The oll stocks were a conspicuous factor in the decline in the speculative industrials. Below are shown index numbers for prices of three ps of stocks on the New York Stock Exchange, graded in accordance with their sea- soning dividend history, credit strength and size. H p de 2d yrade 3d grade t- (inter- - (specu- } mediate.) lative.) 169.8 1 18t & Gnve 2 o 23225388 STOCK PRICE INDEX Special Dispatch to The Star. - 50 13 Shares market Rate of | WALL STREET ADOPTS ORPHANS OF MARKET NEW YORK, February 4—As an in- dication of how quickly Wall Street changes its mood and adopts groups of stocks that have long been market or- phans, witness fhe present enthusiasm for railroad shares. At the end of last week the rails were the leaders in the trading. What was more significant, the Street was willing to believe rumors concerning possibilities in the railroad world that it would not have listened to a few weeks ago. It also made a great deal of facts that have for years been well known to the average person who makes a study of conditions. One of the stimulating announce- ments, speculatively, was that the Bal- timore & Ohio was seeking control of the Reading and the Central Railroad of New Jersey and will file its appli- ation with the Interstate Commerce Commission shortly for permission to acquire these properties. \ The relationship between all three lines, have, of course, been most inti- mate for years through the ihvestment the Baltimore & Oho made in the Reading under the Loree management years ago. In this investment it had as a partner the New York Central. Eventually it had been hoped to effect a trede whereby the Baltimore & Ohio ‘would obtain the New York Central’s Reading shares for other railroad in- vestments which would fit more closely into its own transportation program. It is possible that strong objection may be entered to Baltimore & Ohio's control of the Reading by Pennsylvania rajlroad interests. The Taplin group, who own the Pittsburgh & West Virginia railroad and have a large minority- holding of Wheeling & Lake Erie, would like to get the Western Maryland for their projected “ocean-to-the-lakes" route. Control of this former Rockefeller | road now rests with the Baltimore & Ohio. Objection has been made to a continuance of this and in order to pre- serve the situation it has been suggested hat possibly the Reading might take over the Western Maryland stock now vested with the Baltimore & Ohio. TREASURY CERTIFICATES. (['eported by V. i rateo bttty | & W Selignan & Co) 3Xs Mar. 15. 28- s June 13, 435 ept. 13, 4'ss Sept. 15, 4Ys Dec. 18, 26-32 [VIRGINIA EGG OUTPUT SHOWS IMPROVEMENT By the Associated Press. \ RICHMOND, - Va,, February 4-—“A very marked improvement has been shown in the general quality of eggs offered for sale in the State of Vir- ginia during the past four years” and “so great change has taken place that the producer of eggs in this State is now able to ship his product to the larger Eastern markets and in many siances obtain large premiums for | his product.” | These statements are contained in a |letter written by an official of a large | brokerage company in Virginia to F. C. Brazeal, director of the dairy and food division of the State dcpartment | of agriculture. Statements made in the letter, the official wrote. are based on an analysis of the egg industry in Virginia recently completed by the statistical department of the company. The letter is in part as follows: “Receipts of the different grades of eggs for the year of 1928, as compared to the years, 1927, 1926 and 1923, into the larger Virginia markets indicate a very large increase in consumption, as well as production. “There can be no doubt but what a very marked improvement has been shown in the general quality of eggs offered for sale in the State of Vir- ginia during the past four ye: ‘The demand from the pack jobbers and other wholesale distributors of eggs has clearly shown us that the consuming public benefits greatly from the inspee- tion and educational service rendered by your department. “It is a matter of common knowledge among the dealers in eggs that for a great many years Western and North- ern shippers of eggs would ship their fancy packs of eggs to the Boston, New York and Philadelphia markets, and the seccnd grade packs to the Southern 'markets, where less attention was being | paid to quality and proper grading. This< situation, we are pleased to state, has been drastically changed during the past few years. Inspection made by our inspectors show that instead of the | receipts of egzs in Virginia t showing a large pcrcentage of grade and off-grade eggs each yea | past_four years have shown a great | improvement in quality and greding. As | a result we find that the general trade | demand has reached a point where ungergrade and second quality egg: a drag on the market, and the b | none too good.” under- Coal Production ch;rted‘ NEW YORK, February 4 (#) ) uary production of the Pittsburgh Coal Co." was 922,574 tons of coal, against 1 757,906 in Ever Since 181% q The Metropolitan has heen business confidant, financial advisor and bank to represent- ative Washingtonians ever since 1814, TWhy vt give your affairs the benefit of our seasoned service? Nationa Compound terest " 15th St., Cemplete Investment and Brokerage Cl;’lhl. Surplus & Undivided ofits, Over $2,000,000.00 —115 Years Old Service Copy of our “Fortwightly Review” furmished om request Metropolitan Bank g @ Ralwewnr Chosen Locations 67 Interest Utd Kingm 6%s37. 17 103% 103% 108% Uruguay 8s. 4 109% 109 109 Vienna és 2 88 87% 87% Yokohama 6swi... 5 95% 95 96% MISCELLANEOUS. Abram&Straus §%a 22 115% 115 Ajax Rubber 8s.... 1 104% Alleghany cv 58 w 1.531 106% AmAgriChem 7% 106% Am Chain 6s'33. 8 98 Am Int Cor 5128 49 417 110% Am NatGas6%s'42 9 92 AnSmit&R1stbs, 6 Fla East C5s 7 Fonda J&G 4 Gr Trunk stdb 6s... Grand Trunk 7s. Gt Nor 4%s 76 D Grt Northn 4%s E.. Great North 58..... Great Nor gen 78... Green B & W deb B, Third Ave ref 4s 60. Third Ave 1st 5s. Third Ave adj 5s. Tol Tr L&P 5145 30. Ulster & Del 4s 5. Ulster & Del 55 '28. Ulstr&Del 55'28 cts Union Pac 1st 4s... Union Pac 1st rf 4s, Union Pacific 4s 63. Union Pac 4%s 67, . Virginia Ry 1st b; VaRy &P6s.. Whash 4%s 78 re Wabash 1st b , | Wabash 2d Wabash 5%s West Maryland Western Md 5% Western Pacific 5 Wast Shore 43 2. Wheel & L. E en BRen ! at 55. | Mergenthaler Lihotype—10 at 104%, 20 at 1043, AFTER CALL. Washington Gas 6s “B"—$100 at 105. Riggs National Bank—1 at 576. Bid and Asked Prices. BONDS. \WEAVER BROK ' : REALTORS { 809 15th Street NLW. Main 9486 i SEERCERENENEREEE R 23RS SRR E a2 B IV, 8 26) (ADr.'26) (May" Stock Dealings Continue High. Stock Exchange transactions fell off about 121, per cent last week in dafly average value mnud by the trad- ing, but this was from the rec- ord heights of the week ended Friday, January 25. Last week's average .daily turnover amounted to $288,700.000 in common industrials and to $370,500,000 in all common and preferred stocks combined The total money involved in all stock and - bond transactions on the New York Exchange last week was well over $2,000.000,000. (Copyright. 1920, by Trving Pisher.) PaTacnuma: G. M."P. MURPHY & CoO. Members o1 New York Stock Exchange 15068 H Street Connecticut at K WASHINGTON, D. C. Telephone Main 9600 115% 104% 104% 105% 106% 106 106% 97% 98 109% 1095, 92% 92% 101 101 104 104% 99 99y & 103% 103% 101% 1043% 1064 107 98 98 83 834 105 106 202% 2025, 92% 92% 91k 9% 102% 103 8% 8% 99% 994 106% 105% 107% 107% 100% 100% 103% 103t 104% 105 103% 103% 3% 19 B, Aske New York Richmond Private Wire and Telephome to New Yook int Rapid Tran 53.. Int Rap Tr s sty Int Rapid Tran -~ Int Gt Nor 5= 1956.. Int & G Nor 1st 6s. . Int&GtNor adj 68 52 Int Ry C A 8%srct. Iowa Centrf4s.... Kan City F't S 4 Georgetown Potomac Elec. Ist 5s.. e mnrmreenaa8Bo mSanle~ Armour&Co434n39. Armour Del 6%8... 21 Associated Oil 65... 8 AtIGulf 8 6s.. Barnsdl 65 w 0 war 177 Bell Tel Pa 65 B. ... Bell Tel Pa 55 C...0 Bethlehm Stl pm 58 Beth Steel 5345 5. : Bethlehem Steel Bush Term Bldg §s. Certain-Td5%srcts Chile Copper 68.100 Colon Oil 63°38..... Col Gas&E deb 5. Con Coal Md 1st 6s Con Gas N Y 5%s.. Consumers Pow 58 Cubg Cane cv 75, Cuba Cane 8s. Cuban Am Sug & Detroitidison5s40 Detroit Edison Dodge 63 Dugqu Fisk Rubber . | Gen Cable 6% "47.. Gen Mot Ac Cor 8s. Goodrich 6% Goodyear b5 rets Hoe & Co 6%, Humble Oil §s. Humble O & R 5% Illinots Bell 1st 5s.. Illinois Steel 4%4s. . Indiana Steel 5. Inland Stl 4%s 78 Intl Cement 68 48. Intl Match 65 47 Int Mer Ma Int Paper 58 47 Inter Paper 65 Int Tel&Tel Int Tel&Tel 4338 cv5 Kan City P & L.5 Kan G & E 65 52, Laclede 5s. . Consult Us Regarding . Your Maturing Mortgage LONG-TERM REAL ESTATE LOANS 5%% We Make First Mortgages on Homes, Apartments and Business: Properties in the District of Columbia and Nearby Maryland and Virginia We Buy and Sell Liberty Bonds Treasury Notes Etc. aRonuBeae~ MISCELLANEOUS, Barber & Rass. Inc., 6 Cham-Vanblt Hotel' 6 Chestnut Parms Dairy 6 Chevy Chase Club 5' D. C. Paper Mfg 6s. Pot. Joint Stock Ld. Bi W.'M. Cold Storage 5s Wash.' Cons. Title Co. 65 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel Capital Traction Co. ‘Washington ' Gas. Inaugural Speeches Louis&Nash un! 4 Louls & Nash 5%s. Market St 75 40. Minn & StL ref 4s.. 95% 96 | Minn&StL fd bs 62. 109 109 | M St P&SSM cn 4s. 99 995 | MStP&SSM5s38gtd. 2% 72% 104% 105 103% 1034 76 18 T 1M 99% 100 102% 102% 108% 108% . }gz 1024 | Mo Pacific 5 G- 0% 100% 1145 1145 | Naasau Bl 4s 51 99% 99% 102% 103% 107% 108 92% 92 87 87 s 99% 99% i N Y CentLS cl 3%s. 101% 101% | NY C&StL 4%s C.. 104 | NYChI&StL 63%8A. 95“ “3?,"’ NYC&StLG6sA.. 102 102 | NY Sus&Wn gen b8 9214 924 | New Haven 45 55. .. n7 NYNHG&H 4556, NY NH&H db 45 57. NYNH&H4%s NY NH&H cvdb 63, NY NH&H cit 6 NYRys6s65.. N Y State Ry 4%5.. NYStateRy 638 62, NYW&B4%s. Nor Pac 35 2047.. Northern Pacific 43, Nor Pac 4% 2047 Northern Pacr i 6s. Ore Short Lirfs 45.. ‘881 | Pennsyl cqn 4% 103 .| Pennsyl gen 43s. .. | Ponna R R 4%s '63. There were no speeches made at the inauguration of ‘the business of this company nearly sixty years ago and yet the principles for which the company was organized have been steadfast to this day. Barwoni . Rwy, & Elec. co Wash. Rwy. & Elec. pfd. NATIONAL BANK. .. wZamel Lo Bond Department 82, The Washington Loan and Trust Company RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue. Decatur 3600 \ Mortgage Loan Correspondent, New York Life Insurance Company, e National Riggs Second’ ' £ i National Bank' of Washington.. TRUST COMPANIES, American Security & Trust Co. 470 Continental Trust...... . 138 Merchants' Bank : Natlonal Savings & Trust Union Trust......... Washington Loan & Trisi.. SAVINGS BANK. Bank of Bethesda. Commerce & Saving: hington..... These principles were founded on furnishing the investor, both large and small, with a safe investment, and our record of nearly sixty years without loss to an investor is a re- flection on how these principles have been upheld. ~RL58-8 900 F Street 620 17th Street =t 5% >Reaf Estate Financing Second Trust Notes purchased at reasonable ¢ discounts, secured on District © of Columbia and nearby Maryland Barbe Chevy Chase Dairy pfd property. : Dehipus Favms DR S We Solicit Your I|| got- Sana & Gravel pid.. Application »Awema CEROARFBARNaS RS an RoK Saaa The First Mortgage Notes which are available as an investment for your funds today bear interest at 6% and we have them in denominations from $100.00 up. We would like the op- portunity of falking over your in- vestment plans with you the next time you are seeking a safe market. United Stat JOHN JOY EDSON, President e Washington Mechanies’... [\ FIRE INSURANCE. Soric 0w SnRna WALTER S. PRATT, Jr., Secretary | Organized 1879 49th YEAR COMPLETED ’ Sevesrssss.$5,513,051.63 Surplus & Profits......51,601,704.98 | Subscription for the 96th Issue of Stock Being Received 9314 118% 118% | 1044 104% 106% 105% 1004 100% 4 1021 10214 121 121 4 121% 121% 9 99w 7% 108 | American Corcoran Firemen's National i TITLE INSURANCE. Columbia Title Real Estate Til e Title & 1nv. Co. of Md. co) Wash. Cons. Title pfd.......... MISCELLANEOUS, Join the Equitable’s Systematic Savings Plan Lorillard 5%48..... Louisv G & K 55 52, ManatiSug sf 7%s. Midvale Steel 55 * | Mont Pow 58 43. Mont Power deb 5 Mor’s&Co 1st 435, Nat Dairy 548, ... Nat Radiator 634s. . NewEnglandTel 65. N Y Edison 68 44.... r & Ross, Inc., com. Lay the foundation now for fimancial You'll find the Equit- PO~ P Commercial Nat| D. C. Paper Mfg. DI Dist. Natl. Securities Storage pfd | ; i National Mortgage & || FeéciaiAziricss, o Investment Corporation ||| Nereh Fin: & B 1004 Vermont Ave. N.W, h. T 5:::“!'&:)' Linotype Main 5833 Pere Mar 1st 45 56.. PCC&BtL 58 B 75... Portland El P L 6., Port RL &P bs 42, Reading gen 448 A Rio G W 1st ¢s. RIArk&L ¢% StLIM&S 4529.... StL IM&S gn 68 31. SIL&SFplisA.. 12 StL &S Frak%sTs, 62 StL&SF prinbs., 12 70 SWARTZELL, RHEEM & HENSEY CO MORTGAGE BANKERS 727 15 STREET N.W. / \ WASHINGTON D.C. help in accumulating money. Come in and let us tell .you about our plan. 915F St NW. - National Mtge & Inv. Peoples Drug Stores pfd Security Storag Ter. Ref. & Whi Wask Mehica! i tor ‘Woodward & Lothrop pfd. 1 101% 101% 11101% 101 . 101%