Evening Star Newspaper, February 14, 1929, Page 15

FINANCIAL, BN PRCES REAT | C==e_BONDS e ) IN QUIET MARKET| Trading Falls Off as Values Decline—U. S. Issues Heavy. BY CHARLES F. SPEARE. Special Dispatch to The Btar. NEW YORK, February the reduction in the volume of all specu- lative transactions. When the convert- ibles are weak, they are usually less active. The declines were moderate, with a maximum of about 4 points in Anaconda Copper T7s. The other issues of like character were off !, to a point with most of the deal- ings in International Telephone 4158, American International 5128 and Alle ghany Corporation 5s. Some of the older convertibles have faded out of the picture. Cuba Cane Sugar 8s were again heavy. ‘Weakness was displayed by the bonds of Hudson Coal and Consolidation Coal Companies and by Certainteed Products 5155, Marine 6s, Dodge 6s and United States Rybber 5s. In the junior rails, Missouri Pacific 4s, Minneapolis & St. Louis 4s, Erie refunding 5s, Denver 5s and St. Paul adjustments were all off substantial fractions. ‘The decline in the renewal rate for call money to 614 per cent, compared with 8 per cent on Monday, did not change the situation so far as bond prices were concerned, because of the rise in acceptances and the strong mar- ket for time money. United States Government issues were quiet and heavy. There was some rally in a few of the legal rails and losses in others. ‘The general average of the domestic bond list is now a point under the high of the year, made on January 5. In the foreign list, Italian and French municipals, Japanese and German pub- lic utilities and the issues of southeast- ern European countries were moderately firm. The Rumanian loan attracted considerable attention because of its wide distribution throughout Europe. Under the circumstances Rumania is fortunate in having been able to bor- row at a rate understood to have been 815 per cent. Not in weeks have there been so many different offerings as today, num- bering in all 17 bond and stock issues. All but two were for domestic account. ‘The others included two of corporations of a distinctly trading type and four public utility stock issues. In addition there were a number of substantial in- dustrial offerings. ~ Several railroad equipment issues are now being negoti- ated, with the market for equipment trust certificates having held up ex- tremely well during the decline in railroad mortgage bonds. January Rubber Imports. NEW YORK, February 14.(#—Rub- bér imports in January are estimated by the Rubber Association of America, Inc., to have been 52,305 tons, com- pared -with 46243 tons in January, 1928, and 46,840 tons in December. AL T R S New 0il Refinery. NEW YORK, February 14 (#).—With completion of a new refinery, Gulf Oft Corporation, a Mellon company, will have a daily refining capacity of ap- proximately 200,000 barrels, represent- ing nearly 8 per cent of the total do- mestic crude oil production. Washington Stock Exchangé SALES. Cavital Traction 55—81,000 at 101%,. Potomac Electric. 1st 55—8$1,000 at 993, Washington Ges 6s “A"—$1,000 at 105, 81,4 0%! at ‘105%, $1,000 at 105%;, $200 at 1023%. ‘Weshiggton Gas 6s B—$1,000 at 106%;. Wushl gton Rwy. & Elec. 45—$1,000 at Cant‘!l Traction Co.—10 at 10631, 5 at 10635, 10 at 10636, 20 at 10635. Potomac Electric 6% nfd—5 at 112, Potomac Electric 515% pfd.—15 at 108, Washington Rwy., & Electric pfd-—10 | Seine 75 42 at 993 34314, Pedflml-AmeHun National Bank—15 at | goissons 6s. 2 Pederal-American Co. com—10 at 542, | Swea, % 10 at 543;. Mergenthaler Linotvpe—5 at 104, 10 at g,. 10414, 20 at 104%, 100 at 104%, 50 | Tono E1 Pow 7. at 10415, National Mtg. & Tnv. pfd—100 at 53;. AFTER CALL. Washirigton Gas 55—$500 at 103. ‘ Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & T'\' % fpees ] *-z | Am Int Cor 5%s "49 200 . nt. ¥ 7. "M. Cold Storaga wWash, Cons 'nu:'cos‘sx STOCKS. PUBLIC UTILITY. Amer, Tel. & Telra. . 7pital Traction Co..... 1'hlnnvrn Gas Steambont X nfd 7,7 fd Elcc. com .. Rwy. & Elec. pfd. NATIONAL BANK. jationsl Capital ol "nmrnrrcll! s 102 TRUST COMPANIES. fi&%urnv & Trust Co. 470% al Bavings & Trust. 3 Tangton Logn 5 we TITLE INSURANCE. Columbia Title Real Estate' Tis : e of Md. :um . v Co \\.:q Cons. Title pld.. prd Noth: securities btd. al Storage pfd Mergenthaler Linotype Natl. Mtge. & Inv. pfd Feoples Brie Stores pid 3 | NewEnglandTel 5 14 —There ) Ar, was a quieting down of business in bonds | Ar: today as well as in stocks. This reflected | Argentt - | Queensland 7. by Private Wire UNITED STATES. (Sales are 1o $1.000.) Sales. High. Low Close 984 9724 9724 9927 9923 10023 9929 9926 9926 238 977 97 97 307 9717 97 97 11 1016 10020 10020 69 1043 10318 10318 271092 10820 108 20 FOREIGN. Sales. High. Low. Close. 1 92 92 92 s Ju 59, 13 100% 100 100 May '61. 40 100% 997 100% s Oct 69 9 100% 100 100% %s8°62.. 17 96% 964 96% 13 100% 100% 100% 7 100': 99% 99% Australia 4%s 5 87 Australia 68 1955. Australia 58 1957. 5 lh Austria 7s. 18 1024 101% Bank of Chile 614s. 21 9Th Bankof Chile 6%s, 13 99 98% Belgium 6s. 15 100% 100 Belgium 6% 7 106% 106% 25 108% 108% 53 106% 105% 3 114% 5 109% 7 90% 89% 10 101'5 101% 4 100% 100% 6 96 954 96 % 15 100% 1 7 107% 107% 2 100% 100% 4100 99% 18 105 104% Canada 6s 1931..... Canada §s 1952. ... Canada 5%s1929... 22 100 100 Chile 65 '60. 15 93% 92 Chile fs "61. 14 93 Chile 78 1943, .. 14 1021 101% Chinese Gov Ry §s. 1 43!z 43'% Christiania 6s..... 2 100% 1004 Colombta 6s Jan'61. 11 :\\\. Con Pow Japan7s.. 9 Copenhagen 434553 1 Conenhai:en Ssect. 1034 109 109 109%: 887y 103% 1031% 103% 5 109 Czecho 83 1952..... 14 109 108% Danish Munic 8s A. 1 109% 109' Denmark 43%8...,. 13 89 887 Denmark 6s. . « 5 1037 103% Dutch East I 6s47. 18 1034 103's Dutch East I 6s62.. 9 103% 103' Fiat 7s war '46. 2162 162 FiatTs x war 46... 15 98% 9% 90% 90 6 1051 104% French 7s. 146 108% 108 French 7%, 33 1124 111% GermanF!P6%s.. 11 94 93% German 7s.. “ Ger Am Bank 105% 108 12 93% 106% 97 102% 97 99% 100% Haitl 6s. Hungary 7% Irish Free State Sl. 3 9954 3 100% 100% 2. 96 9 . 40 974 96% .- 12 93% 93 . 2 924 924 o 27 101% 100% 7 100% 100% « 13 101 100% 2 20% 20% 12 32% 31% 16 90% 89% Montevideo o 3 102% 1024 Netherlands 6s64.. 3 997% 997 New So Wales 57: 34 94% 94 New So Wales 58: 11 94 93% Nord 6%s... 3 103% 103% Norway 68 1963. 23 96% 96l Norway 5%s. . 37 99 98% Norway 6s 1943. 22 102% 102% Norway 68 1944, 23 Norway 6%s 195! 10 103% 10 Orient Dev 5348'57. 13 88% 87% Parll-hyd!ld 6s... 21 100% 100 .« 16 104% 104 Orleans 5%s. 3 95% 957% Peru 6s67 wi, Peru 6s ctfs. 2 87 Peru 7s. 2 101% 101 Pirelll 7s°52. 17 142 141 Poland 6s 40. 5 81% 81% . 58 88 874 10 98 97% 2 107% 107% 5113 13 Rhinelbe Un 7. 2 104 104 RhineWst EP 3 32 93% 931 RhineWst EP 78’50 1 100% 100% Rio deJaneiro 6%s 12 944 94 Rio de Jan 8s 194 4 166 106 Rio Gr Do Sul 2 105% 105% Rome 6%s...... 1 91 90% Prague 7%s. 1073 113 104 9314 100% 9% 106 105% 90% RM Auled Abram&Straus§%s 7 ) % San Paulo City o 1 113% 113% Sao Paulo 1950, 4 106 106 Saxon (PW) 9 99% 99% 17 106%: 106% 13 80% 80 98l 98'% 5 103% 103% 8 102% 102 wiss 5%, 3 1034 103 Confed 14 110 109% 109% 2 98% 98% 98% 9 884 88 88 5100 100 100 7 103% 103'% 103% 2 99 99 99 108% 113y 106 99% 106% 80 981 103% 102 108 Serbs Cr Sl Sweden Tokio 538 1961. Utd Ringm 5%s 29, Utd Kingm 5%s37. Utd SteamCopen 6s Uruguay 8s. 1 108% 108% Vienna 6552 .14 8T% 874 Yokohama 6swi... 31 95 9d4% MISCELLANEOUS. 114% 113% Alleghany cv 5s w1164 104% 103% Amagrichem 7% 7 105% 105 Am Beet Sug 63°35. 5 89 89 AmChain6s'33.... 3 97% 97% 107% 106% 91% 91 100% 100'% 104 103% 99% 103% 4 104 106 Am NatGas 6148’43 13 Ah Smit & R 1st 16 8 Ref Bell Tel Pa5sB...s Bethlehm Stl pm 58 Beth Steel 534s 53.. Bethlehem Steel 6s. SBklyn Edison bs. .. Bush Term Bldg bs. 102% Certain-Td5%srcts 75 95% 110 99% T1% 105 103% Col Gas&E1 dlb 5l. Con Coal Md 1st ConGes N Y 6% Consumers Pow bs. East Cuba Sug 7 % s Fisk Rubber 8 i§8"" | Gen Cable 5348°47. Gen Mot Ac Cor 6s. Goodrich 6%s. . Goodyear bs rcts Humble Ol 5s..... Humble O & R5%s. Illinois Bell 1st 6s. 1ilinots Steel 4%s. Inland Stl 4%s'78. Intl Cement 8.. Intl Match 6s . Int Mer Marine 6s. Int Paper 58 47.... Inter Paper 68 Int Tel&Teleg 4%s. 15 Int Tel&Tel 4%s cv 689 KanCity P& L is.. KanG&E6s52... Laclede 5s. . . Laclede G 6%8 52.. Liggett & Myers 7s Loew's Inc 6s...... Loew's 65 w 0 war. Lorillard 5s. 1097% 103 99 99% 102% 9914 87% 95 106% LouisvG & E 5!52. ManatiSug st 734s. Midvale Steel b8 Mont Pow 6s 43. Mont Power deb b Mor's&Co 18t 4%s Nat Dairy 5%s. D O P T T ® a2 N'Y Edison 58 44... 3 NY Fdlfinn 634s... 30 NYGELH&PbIS 1 i 106% % | Mill El Ry&Lt 4%s 21 M St P&SSM cn 4 *| M StP &SSM 5%s. Direst to The Star Office Pacific Gas & El 6s. 23 PacT&T 1stbs... 15 Pac T & T 5563.... Pan-Amer Pete 6s. . Pan-Amer Pete 7s.. b Paramount 6s 1947. 13 People s Gas 5s.... Phila Co 6s 67 w1.. 27 Phila&ReadC&I 6s. 6 Philips Petro 6%s.. 5 | Por Ric Am Tob 6s. 18 Postal Tel & C 6%s. 55 Pressd Steel Car s 3 Punta Alegre 7 . s | Rem Rna 53 Sinclair Ol 6s... Sinclair Oil 63 Sinclair O11 7s. Sinclair Crude 5%s. 14 Sin Pipe Line Skelly Of1 5% South Bell Tel Ss. o 2 Southwest Bell 6s,. 8 tStand Ol N 5s 46. 6 Stand OIIN Y 4%s. 54 SugarkstOriente?s. 1 TennElecPow 6547. 5 Transcontl Oil 6%s 5 United Drug bs 53 Utilities Powr 5%8. 48 Vertientes Sug 7s.. 7 Walworth 6s45... 2 Walworth 61835, 27 Warner Sug 18 39.. 5 t Elec 5s. . 23 estn Union 6s51. 3 tinzhouse 5s... 6 | White Eagle O5%s 1 Willys-Ov 6%533.. 1 Wilson& Co 1st6s. 1 WinRepeatAr 1%s. 17 107% Yngstn S&T 5s wi. 10 100% RAILROAD. Ala Gt Sou 451943, Atchison adj 4s Atchison gen 4s. At & Birm 4533 Atlantic C Ll 48 Atlantic C L 1st 4s. | Atlantic C L 4% s 64 Atl& Dan 2d 4s 48.. B & O PLEWY 4s B & O SW5s 51 Boston & Maine Brdway&T7th Av 58, 11 Brooklyn Elec 6%s 129 Brooklyn Elev 6%s 20 Bklyn Mannhat6s... 4 Bklyn Un El 5s sta. 15 Buff R & Pitt4%s.. 8 *| Bush Term con §s.. Can Nat 4%s §7 Canad North 6. Canad North 7s. Can Pac 4%s 46.... 2 Car Clinch&O 6s 52. Central of Ga 6s... Central Pacific 4s., 1 Chesa Corp 6s w 1 Chnes&Ocvé% Ches & O gn 4% 14 | Chi B&Q gen 45 53. ChiB&Q 1st rf 5s. CB&Q4%s77B.. Chi&E 111 go 6s 51. Chi Gt West 45 59 CM&StPgn8d. ChiM&StP4%sC89. Chi M&StP4%s E ChiM1SP&Pacss?s. 29 CMSP&Pacadi5s03.181 Chi & NW gn 3%s. . Chi& NW gen 4s. Chi NW 438 2037., 1 Chi R1& P gn 4s. Chi R1&Prf 4 1Pac4swi IStPM&O 65 '30. ChiTH &S E 5 Chi Union Sta §s. Chi& W Ind cn 4s Clev Term 5s. Cuba R R T%s Cuba Nor 6 igs cts. . Dol & Hud 5%s..., Den & Rio G cn 4s., Den&RioG 4%s 36. D Rio G West 5s. . DRG & Wst 58 Erie Gen 4s. Ertecvt 5 Fla East C 58 74 Fonda J&G 4% 552 Gr Trunk stdb 6 Grand Trunk is Gt Nor 434576 D. Grt Northn 4%s K. . Great North 6%s. .. Great Nor gen 7s... Hud & Man aj 5: Hud & Man ref bs. 11i Cent ref 4s. . LIl Cent 4% 66 Il Central rf 5s 55. 11l Cent Chi 4%s... 111-C-C-StL&NO 5s. Int Rapid Tran 6s. . Int Rap Tr 5s stpd. Int Rapid Tran 6s. . int Kap Trans 7s... Int Gt Nor 5s 1956. Int&GtNor adj 68 52 int Ry C A 6%sret. lowa Cent 1st 6s. | Kansas City S 3s. Kansas City 8 6s. Kan City Term 4s Lalke Shore 4s 31 Lehigh Val cn 4s. Louvis&Nash uni 4s. L &N 4%s2003... Louis & Nash 5%s. Louis & Nash 7s. Man Ry 15t 4390. .. Man Ry 2d 45 2013. Market St 78 40. ... Mich Cen deb 45 29. & e - PEYPIPTSICIRE PR - IO TP Y - w0 - SroaRormrurSntadmr SaSe, - ~S0o=mr=n e o e Al Kl Ry & L 5s 51 Mil El Ry & L 6s 61 Minn & StLen 5s. .. e M StP&SSM en §s. . MStP&SSM5s38gtd M StP & SSM 6% MEK&T4sB Mo Kan&T 4%8'78 MK & Tadjbs.... MK & T prinbs A, Mo Pacific gen 4s.. 3 Mo Pac 53 A 65. Mo Fac 58 F 17. 2 Mo Pacific 65 G '78. Mob & Ohio 4%s 77. Mont Trm ref 5s 41. Nash Chat&StL 4s SRS N Y Cent deb NYCrfima¥%s. N Y Centrf5s. NY C&StL 4%sC. NYCh1&SLL 5% sA. NYC&StL6sA N Y Ont W 1st 48 N Y State Ry 4%s NY Sus&Wn gen bs Northern Pacific 4. Nor Pac 4%s 2047., Northern Pac r 1 6s. (re Short L rfs 4s. Gre short L 5s gtd. Pennsyl gen 4%s. . Penna RR4%s8'63. Pere Marq 1st bs. .. Philippine RR 4s.. + | vegetables High. Low. Close. lfll'/. 101% 98% Portland E1 P L. Port RL&Pb6s 43, Port RLP §847... 101% Reading gen 4%s A 98% Rio G Westcl 4s... 85 09% StL IM&S gn 6831, St L IM&S R&G 4s. StL&SFplésA.. StL&SFr4%sT8. StL&SFprinbs.. StLSWilst4s.... St LS Wcon 4s 32.. St P & KCShL 4%s. San A & Arn P 4s... 20 Seab AL ref4s.... SeabAL adj 55 1949. Seab A L con 6s.... SBAIIFlaés35 A. SB All Fla 6s 35 B.. Sou Pac 4s29. Sou Pacific ref Sou Ry Con Sou Ry 6s 56 Sou Ry 6%s Tex & Pac 58 B 1977 ‘Third Ave ref 4s 60. Third Aveadj bs. .. Ulstr&Del 55'28 sta Union Pac 18t 4s... Union Pac 1st rf 4s. Union Pacific 4s 68, Unlon Pac 4%s 67.. Virginia Ry 1st 5s.. VaRy&P5s...... Whash 4%s 78 rets. Wabash 1st 5s. . Wabash 5s 76 B. Wabash 6%s 75. Waest Shore 43 2361. Wilks-B & EI 1st bs Wis Cen gn 4549, AR PRODLET INAGTIVE DEMAND Retailers Stock Up for Ex- pected Business Over Week End. Numerous retailers were on hand at Municipal Fish Market today looking for supplies of marine products for their Saturday trade, and wholesalers were able to accommodate them. Fresh shad, herring, rockfish and trout, chiefly from Florida, were the chief attractions, while frozen fish from the North and West found ready sale. Packers on the Great Lakes supply quantities of yellow pike, whitefish and pickerel that proved good sellers. Oys- ters continued scarce and in fairly good demand. Dealers had supplies ample || to meet the demands, however, at pre- | | vailing prices, $2.50 for standards and ||| $2.75 for selects. Dealers had erabmeat, not much in demand, the white meat selling at 40 cents and the clawmeat at 25 cents a pound. Green shrimp were offered at 25 cents and cooked shrimp at 60 cents || ; pound. Lobsters were scarce and A Lhree-day spell of cold weather in || Texas so seriously affected growing crops that vegetables from there have not been so plentiful the past few days, || and higher prices ruled. Sup lles of vegetables from Texas, ‘alifornia, Florida, Mexico and Nassau continue plentiful enough to sufply the demand. Oranges and grape! plentiful supi)ly and dealers this morn- ing had California grapes and other fruits to offer, including pears, pine- apples, apples, papayas and tangerines, Butter prices advanced a fraction of a cent, prints selling at 51 and 52, tub butter selling at 50 and 51. The egg market continued firm with increased receipts, but no change in prices. With the exception of the slight increase in butter prices, reports told of today's prices being substantially the same as prices cuoted yesterday. Today’s Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 51a52; tub, 50a51; store packed, 30a35. Eggs—Hennery, 40a42; fresh selected, 38a40; current receipts, 37a38; storage, | 30a32. Poultry, nllve—'mrkeys 35a36; Spring { | chickens, '35a36; Leghorns,: 30, fowls, 29 a30; roosters, 19a20; ducks, 25; geese, 20; keats, young, 56a60; old, Dressed—-Turkeys, 40a45; Spring chick- ens, 38a40; Leghorns, 30a32; fowls, 35; capons, large, 45a46; small, 36a40; duclu 32a33; geese, 2530; keats, 80a 1.00. Meats, fresh killed—Beef, 18a24; veal, 25227; lamb, 26a29; pork loins, 23a25; fresh hams, 23a24; fresh shoulders, 155 16; smoked hams, 25a26; smoked shoulders, 16; bacon, 20a22; ;lard, in tins, 13a13!2; in packages, 14al4ls. Live stock—Calves, 16; lambs, l4a 141, Fruit and Vegetable Review. The daily market report on fruits and | (compiled by the Market lce, Bureln of Axrlcunural} Applex—suppnes light; demand light, market dull; barrels, too few sales to quote; boxes, ‘Washington, medium to | large size, extra fancy, Delicious, 3.25a | 3.50; Staymans, 2.5082.75; Romes, 2.25a | 2.50; bushel baskets, Pennsylvania, Vir- | ginia, U. 8. Ne. 1, 2% inches up, Black ‘Twigs, 1.65, few higher; Virginia, un- | classified, 22 inches up, Black Twigs, | 1.35a1.50. | Cabbage—New stock; supplies l\bcrnl demand light, market’ steady; Florida, 1%,-bushel hampers, pointed type, most- ly 1.50, some fair condition, 1.25; old | stock; supplies moderate; demand light, | market steady; few sales, New Yorlk, sacked, per hundredweight Dansih type, | 2.50a2.75, mostly 2.50. Celery—Supplies moderate; demand light, market steady; Florida, 10-inch crates, 3 to 4 dozen, 2.75a3.00, mostly 2.75; 4 dozen, 3.00a3.25. Lettuce-—Wester K;flles moderate; demand light, market firm California, crates, Iceberg type, 5 dozen, 3.7584. 00; 4 dozen, 4.00a4.25. Onions—supplies light; demand light, market steady; Michigan and Ohio, loo-round sacks, yellows, U. 8. No. 1, med to large size, 5.715a6.00; Hol- lnnd, 110-pound sacks, yellows, No. 1, Potatoes—su plies moderate; demand light, market about steady; New York, 150-pound sacks, round whites, U. S, No. 1, 2.25a2.35;, Michigan, 150-pound sacks,’ russet rurals, U. 8. No. 1, 2.258 2.35; Pennsylvnnla, 150-pound _sacks, round whites, U. S. No. 1, 2.10a1.25, FIRST TRUST NOTES to yield 6%2% In Amounts From $100 Up WARDMAN 1437 K Street N.W. ‘\Eirst Mortgages / “ ruit continue in || PARIS BOURSE PRICES. PARIS, February 14 ' (#).—Price changes were mixed on the Bourse to- day. Three per cent rentes, 71 francs 20 centimes; 5 per cent loan, 97 francs 20 centimes. Exchange on London, 124 francs 28 centimes. The dollar was quoted at 25 % | trancs 60% centimes. Simms Petroleum Co. NEW YORK, February 14 (#).— Simms Petroleum Co. has offered to acquire through an exchange of shares controlling interest in the Pennok Ofl Corporation, which has oll and gas leases in Kansas, Texas, Oklahoma and Montana, it was learned today. ‘The offer is for exchange of one share of Simms capital stock for four shares of Pennok capital stock, provid- ing at least 51 per cent of outstanding Pennok stock is deposited on or before March 29 or within 30 days thereafter if the time limit be extended. Simms, now producing about 10,000 barrels of petroleum daily, has a large potential production in West Texas. WANTED Resident Physician and Dentist at the Maycroft Apartment 1474 Columbia Road Near 16th Street Apply to Resident Manager or T. B. LAWLER 16 Jackson Place Main 864-865 7 Money for With the details of your application for a building or refinancing loan before us there will be no delay in our report. And if approved . —the money is readily available. Always Low Rate of Interest d Commission B. F. SAUL CO. Main 2100—925 15th St. LOANS On Improved Property in Maryland and District of Columbie No Commission Charges AVER BRO W REALTORS S 809 15th Street NW. Main 9486 Mortgage Loan Correspondent umuué-m Life Insurance FINANCIARLL.Y G. M.-P. MURPHY & CO. New York WASHINGTON Richmond New York Stock Exchange Washington Stock Exchange Richmond Stock Exchange Néw York Produce Exchange New York Curb Market Copy of our “Fortnightly Review” on Request 1508 H Street Connecticut at K Main 9600. Private Wire and Telephone to New York National Bank in District of Columbia 3% Paid on Savings I WILL SELL $1,000 Investment Blds. 6%%, 1038, $3,000 Southern Consld, Granite 6%%, erson Apt. 1st 6%, 1089, l IluL & Inv. Com. Mortgage & 5 U Dlscgunt . Inv, Class Wardman R. E. b o @ Bal 64, Tnsurance “Rew.’ M s vu.flm- Fists Glass V. 1. Ger- tificates. id. THOMAS L. HUME 1412 G St. Main 1346 He Moved the House to Get Another Loan A builder in a New York suburb acquired a series of ad- joining parcels of real estate. Upon one he built, afterwards securing a mortgage loan. By moving the house to the ad- joining plot it seemed simple to obtain another “first” mort- gage. Before granting the loan, the lending institution demanded a Title Policy and the fraud was disclosed. Whenever you buy or lend on real estate, a New York Title policy is always your best policys Capitol Title & Guarantee Company 1425 Eye St. N.W. Representing NEw YORK TiTLE AND MORTGAGR CoMPANY Capital Funds over $60,000,000 15th IN 96% Organized in 1814 Your Banking Business Is Welcome at the Metropolitan —whether you are identified with “big business,” maintain a modest checking account, or are just a Pavday depositor, intent on building a “rainy day” reserve. {] This veteran bank has been “in harness” well over a century and its facilities are available to all desiring the maximum in security and service. One Dollar iy open o Savings Account National Metropolitan Bank Capital, Surplus & Undivided Profits Over $2,000,000 Street, Opposite U. S. Treasury Open Until 5:30 P.M. Tomorrow ONE YEAR INCREASE IN SALES through Widespread Public Approval In 1928 alone.. . . after 35 years of steady growth . . . 969 increase in total sales for the year and 319, increase in total resources . . . thousands of new customers « « « country-wide recognition—this, briefly, exemplifies the cumulative power of compound interest applied to the Investors Syndicate Plan of systematic investment. For as little as $9.45 monthly, $1,500 is GUARANTEED to you in 120 months— or you can accumulate larger amounts by proportionately increased payments. Mail Coupon NOW for illustrated booklet that Guarantees the Way to Financial Independence. 35th Annual State ASSETS actual cash i our vaal Teal estate experts when at wpldllmllfly ”5 m ,000.00. u' h:unnlmbl T a3 o 15 of hnnlollmfiulu........... Loans to our certificate holders secured b e b Ty colleiorer Properties carried at cost or les than cost ang st values the total of which s less than current conservative appraisals. Real Estate Contracts of Sale. .... Contracts secured by real estate, the collateral mufl&kmlwhufllfllyumdh Aceounts Receivable............ Cousists of Tax Certificates purchased by hich ‘we have loans: Secrued Taterest "and " other "current items receivable. Total ceceveesnroncnness.$24,917,181.09 ATE OF MINNESOTA | o UNTY OF HENNEPIN E,E. Crabb, being fnst duly swor t_and Treasurer o the fovegoing fnancial information and belief. sworn, deposes and { the Investors mlhw.mfl.bflldh is knowledge, ment of Condition, December 31, 1928 LIABILITIES Certificate Cash S-n—dc Valm $17,551,612.21 our Certifi- Amount of liability to owners of cates for cash surrender values. Amounts set aside to meet additicns to cash surrender values, . 417,256.65 698,926.18 3,661,154.53 Accrued Liabilities Not Due. . Amount set aside for taxes, death and dis- ability losses, reinstatement of Certificates, and other accruals. Other Current lmdu Balance due on m: and other current items wlhh. Total Liabilities. . Certificate Reserve .. 55,295.07 +$2,037,150.89 A reserveover and above our legal liability set aside on & scientific actuarial basis 1,018,851.87 added ‘I-u'?n‘e]; and as guarantee of ! of Certificates as ml.kyhg- come due. Capital and Surplas. - 1,050,630.46 Total Capital, Surplus and Reserve. Tozal ... 474,253.37 3,087,811.35 secrcnenes...$24,917,181.09 545,633.38 146,173.84 CERTIFICATE We have audited the accounts to the ment of Assets and Lubilrlus of ‘I."."i:'"'mm" Synd‘:x': :‘:1 December 31, 1928, as shown by its books and records. udit included the ‘actual vmfianon o evidence of the p-_n of all 56,464.45 its assets, togetber with ap, Droperties wherever such 13,319.25 the table of reserves adopt future peyments calied fo by (he Costit erest accretions at the 3 the present rate will cover lhdnl‘-hlne of all Cemflulu as they WE HEREDY CERTIFY, that. n our op says that he is gnce sheet correctly reflects "contl Syicte, and that S dheet core December 31, 1038 The Symicaie with al of our requirements s sudfiors Subscribed and sworn to before me this 3ist day of January, EE LML y 'Viee-President and Treasures (Nnt.llh.lsal) A. F. Wetter, Notary Public, Henepin Co., Mian. 1929, expires Sept. 26, 1934, "'“""'————""'——--———CI.IP THIS COUPON == == == e e e e e e e e o e o e o e INVESTORS SYNDI Established 1894 Barr Bldg., Washington OF FLCES IR Sl FRENBpCIPAAL CITITES I il