Evening Star Newspaper, February 17, 1929, Page 37

FINANCIAL, U FEBRUARY 17, 1929—PART 2. FINANCTAL. " MANY STOCKS DRoP [What Oiffoak Sl Moy olots, _ (™ Foane 0 Joseph I. Weller 8.7} & § Salaried People IN HEAVY SELLING - | ot | L= |03 LoaNs 5% | "% e s Woolworth? On High Class Residential Property BEASONABLE RATES 932-47. % K s 7 EASY FAYM 1008, 9018 Lib 1es d3ia 108547 998 ui 9% 10! Write for Booklet f WwASHINGTON WIMSETT 100.12 99.22 Lib 4th 415 1933~ .27 —5 Wilson & Co 1st Market Forced Down as 18 o7 USins -1 " 97, 16| 101 100 Youngstown Steel 5 P Jos. W. Brooks & Co. COMPANY LEHMAN'S TIRE SHOP 96.28 —1.! RAILR( i In ce—Frank. 2913 \ 903 N. Y. Ave., 2nd Floor. ) W, in Traders Bow to Reserve | iosir 108 10426 10816 10318 —1.2 : - Rieh. Low. Close. Ohse. 212213 Transporation Bide ’ b B 5 111.26 108.16 1092 108.16 10818 —1.8 AtchT& SFgen 4s'95... 92 O1% O1% — & Bank Warning. S FOREIGN. Atlantic C L 1st 48’62 92% 9 ? < i Money Available for Argentine 58 June '59 ‘ . Y 0 Y by A | By the Associated Press. ‘ . - 2:8,’,‘,§ :.’E’k Wt M - |2 Rt L FIRST DEED OF NEW YORK, February 16—The| 9 8 determined eflofts of Tederal Reserve | 107 7s b " g et Do VIR AT . TRUST LOANS authorities efTec! & reduction in v A + o 9 Boston & Maine 5s '67 " ln Nearby Virgmiu On Completed Properties and B oot OB e | 1 16, Bechn : EnimLinisiey fu B O Prudential for Consirction Use FOR THE MAN WHO Radio (0ld stock) broke 16 points, and | 1 Belgium 8s 41 e 4 Canadian NAtk 4168 67 r ! ]/ I C Reasonable Interest and THINKS HE HAS scores of other issues fell 2 to 8 points maraeas bkl Canadian Pacific deb 4. .. : 270 . i Commission Rates o s s oty ooy S e | aoe Brazil f2 41 ’ 95" Ches & Ohlo ey 47,830, . 9 : NOTHING TO INVEST a half-holiday session, the day's sales Canade's " Ches & Qhlo gen 4348142 957 I 2,500, , . 9" Chesapeake Corp 88 '47.. . ey s A L 2400060 e Sy Y e on e 99% 97 ChiB&Q4%aB'T7 w. ; o 3 Arae ! ( ne of the special attractions The retention of the t redis- 5 b4 . 31 Chi B & Q ref 5s'71 4 count rate. by the ;egvp:{af:nredeul, Sen O yalc sxes AR ; Chi & Fast 111 gen 51 '51 y & Reserve Bank on Thursday was more X o s 103 “ Chi Great West 4559 . } i g » of our than offset by the flurry in call money | 10 it 5 9% ChIMStP &P on TS R eae) ety and CheiT . 3 ! ChI &N W s g ; | | 69, FIRST MORTGAGES ning of other monetary rates, in- Pionch Ta " Vi Y 2 et e 88 7/ banki nch 7 ! : cago Rys 68 '27. : 0’ miking ihe Federal Beserve polky Erench 736z 1. é : b ChI T ac vof 4 CLARK,CHILDS & COMPANY i - : Chi R 1& Pac 4%8 w. . . e Lmdgfigl:ycg:;dpymd for Free : % Ghi Union sm',;“ i 98¢ Pl ol —is that you can participate in g Chi Union Station 6% 17 RN . g . ‘:ig’:n?“'l‘;‘e:f"g‘_‘dfl: "’,’3‘ l’,‘e"_' d 5 Y Chi & Western Ind co 8 I 120 Broadway their' investment with ?‘ mod rted t%mb; n;:‘.mc:n;ngn huvyhfrom Norway 5%s. ... 00 ggg tgi‘flfzt‘) ; New York, N. Y. of a erate amount—and enjoy the - “sou g nm alm Beach and | g Orient Dev 5%s . 8 Cleve Terminal 51;s. | WASHINGTON OFFICE Century rous returns ,;hf thern '{Efl o ight 4 Paris-Lyons-Med 6 ries 1 Colo & Sou ref 4145 '35, entury same genero 3 ere was nothing e overnigh! 1§ Peru 65’60 8 Cuba RR 58 '53.. 1508 H STREET NORTHWEST 5 m: nenv;:.lto l;m&enca nfia price mo:lel- Peru 7s. . o o y Cuba North 5%s " : Without a :, 3 o e weekly mercantile Pirelli Co of Italy T8'52.. & o 5 # ra e 3 rom and business reviews reported prosperous, 99 = 9g% Poland 88 50. i 08 e e RN AT L. 100 A0 MEMBERS e Available in amounts fro g‘e\:‘:ifi:!mm‘l;clst (“f ‘hf’ bl:lcu tc‘:is‘ % 102»- e K*fi - - f 4 Den & R G West 55 '35 97 NEW YORK STOCK EXCHANGE i $250 up. n vholesale and retail trade. | 113 108% Queensland 7s’41. 3 s M & I oA : iy 3 Some fears were expressed, however, 104% 103 Thinelbe 7s. . 101% 103 Sl a2 NEW YORK COTTON EXCHANGE that the decline in stocks, 1f carried too ! 106 Rio de Janeiro 8s . 4 + NEW YORK COFFEE EXCHANGE Frie 1st con 48’9 far, would have a bad psychological 90 Rome 6158 e 4 i Erie gen lien 43 '3 NEW YORK CURB MARKET lect on business. 105'a Sao Paulo State of 8s'36. ' NEW YORK PRODUCE EXCHANGE g Erie ref 5367 11 ! e Seine Dept of 7s. . % i R e Ly A e Hriglis B F S} &U L CO CHICAGO BOARD OF TRADE . . ‘ L4 effective against the so-called poot 93 Serbs Croats Slov 8a'62.. 8 4 Brie con 78°30, fed CHICAGO STOCK EXCHANGE Main 2100 925 15th St. NW. Florida East Coast bs 101% Sweden 6s°39. 1 Fonda J & G 414852, , In- 102% Swiss 5igs’46. - Grand Trunk s f deb 6s International 98% Toho Blec Pwr 7855 Grand Trunk 78'40. .. Telephone, Electric Autolite, Otis Ele- 103 Utd Kingdom 53,837 " % Great North 4% > Tient and Dottt mflnl'll AT o SCRLLANEOUS . Bies: Nerinieat 5020 nion Ca all sold 5 3 Great North gen 78 '36. . . Telephone Metropolitan to 8 points below last night's fina) 111% Abram & Straus 538 '43.. 1141 Havana Elec Ry b%s. . .. , # P Aol 5021 JAMES SLOAN, Jr., Manager quotations. 4 102% Alleghany Cocv 68’44.... 104% Rudabnd MAR 4] ks '57... 7 THERE IS NO SUBSTITUTE FOR SAFETY Am Agri Chem 7348 '41. Hud & Man ref 58’5 9 i & ORIEFES & —r— FE Am Beet Sugar 6s'35. Illinols Central 4% 8’66 Am International %8 '49. Inter Rapid Tran 68 '66 Am Sm & Ref 1st 6847, .. Inter Rapid Tran cv 7s. .. Am Sugar Ref 6s°37..... Inter & Great Nor adj 6s. Am Tel & Tel cl tr 48 °29. . % Inter Ry Cent Am 6% Daily market report on fruits and 7 Am Tel & Tel s f 5s. . ‘ Kan City South 58 '50 Vegetables. 3 Am Writ Pap 68’47, ..... % Lake Shore 45 '31.., {Complled by the Market News Serv- Anaconda Cop 65 '5 i N 9 1 3 Louis & Nash uht 4840 ¥ 4 “~ Bureau of Agricultural Economics) 87 Anaconda cv deb 7s 38 Mil Bl Ry & Lit 1st ref 5s. said: Sales to jobbers except where Armour & Co 4%8°39.... 35 Minn & St Liref 48°49.... — otherwise noted. Armour of Del 5%s’43.. MStP&SSM6%s'31. .. tgh Atlantic Ref deb 55°37. .. <i 84 % Ye-inch uj tayman’ L Hl+ 141+ T o Mo Kan & Tex 1st 45°90. . Barnsdall Cor x-war 68’40 Mo Kan & Tex adj 58 '67. . Bell Tel (Pa) ref 5548 %. Mo Kan & Tex prin5s A. Beth Steel p m 58 °36 Mo Pacific gen 4s°75. . 8. nch up, s, ) 3.50. Boxes: Beth Steel s f 6548 Mo Pacific 58 F'.... . 'uhlnfi:m. medium to large size, extra Chile Copper 5847, ...... Nassau El 4s ‘51 . E % fancy, Delicious, 3.50a3.75, mostly 3.50; Colon O11 6s'38. . “ee N Y Cent deb 48’34, . Romes, mostly 2.50; Jonathans, 2.25; 3 Con Coal (Md) 1st ref 5s. N Y Cent ref imp 4 extra fancy Winesaps, 2.60a2.75. Bushel Cuba Cane Sug cv deb 8s. N Y Cent deb 6s '3 4 baskets: Pennsylvania, inia, U. 8. Detroit Edison ref 6s'40. . NYChi&StLrets 1 1 3 e No. 1, 2%-inch up, Black , 1.65, " . g few higher; Virgin Dodge 65°40. ... NYChi&St Lref6}sB ia, unclassified, 2%- | g5 Fast Cuba Sug 714837 NYNHG& Hcv deb 6 h%h up, Black , 1.3581.50. Gen Motors 6s°37. .. al whoeHew vock Supplis era a0 s i ; 3 N VRt s iaii : Increase in Insurance in Force. $36,667,868.00 e R mynt ehout X“"‘M“‘i Humble Of1 & R $%s Norfalk& Wen 48'06. ... : Increase in Income. ... .......... 1,392,255.00 .“:&qfl.fil. mostly around 1. A Inter Cement 5848 90 % North Pacific 45'97. . i stock: ‘moderate, deman e . G LR . Increase in Assets. . . .. s veshvsssossoan 09050940 ht, market steady, few sales, New | 192 Inter Mer Marine North Pacific r 1 6s 3047, ork, sacked per cwt., Danish’ + Jotes Mac Marin % SR L T LA ‘ Increase in Reserve........... PR Ty ) 2.50a2.75, mostly 2.50. Ore Wash 1st ref 4s 1961 : 120 % - New Insurance Paid for . 56,393,798.00 light, market, sbout Seady: Bioriam. 10 100 Ruamis ¢ihe'dr v ‘ 197, ELme S RGO i EERRR A INSURANCE IN FORCE, $300,925,984.00 SUMMARY OF ANNUAL REPORT Penn 6%s ’3 As of December 31, 1928 .00 , crates, holdovers, fair | 109 Manati Sugar s £ 7148’42, 9%y Reading 415 '97. wy and condition, 4.00, poorer, | 100 Midvale Steel 55°36....... 86% Rlo Grand West col 4 .50. 9% Nat Dalry Prod 515 ‘48, i RIATKS L 41%8°34 te: “demand | 107 New England Tel 55°52. . 9 StLIM&SR&G4'33 115% N Y Edison 1st 6138 "41... StL&SF prin 4 A'50.. .1 mnfusl-‘w.."u‘....... 107 N Y Tel 6s'41. - St Louls S W con Onions—Supplies light; demand light, mlé Northern States Power 58 market steady; Micl and Ohio 100- | 10214 Pacific Gas & Elec 55 '42. . sacks yellows, U. 8. No. 1, ms 105% Pacific Tel & Tel 58°52. .. 00; Holland, 110-| 1961, Pan-American 68’34 . 1, 6.00. 100 Philadelphia Co 5867, MMY““TNMM 95 Poatal Tel & Cable 5 33. i ] 3 a 207 Public Service 4345 '4 outh Pa T o round 'hllg‘ !!I.m% No. 1-3’”- 100" 198 Sinelair ON 60 3. gau:::rn By f'?s‘.'.:a" . ASSETS: .35; Michigan, 150-pound sacks Russet| 103; Sinclair Oil 78°37. outhern Ry 1st 58 '94. : fi Rurals, U, 8. No, 1, 2.2582.35; Pennsyl-| 1“ Sinclair Crude Oil 5148 Southern Ry dev 6145 First mortgage loans on improved real estate. . $15,223 318.81 vania, 150-pound sacks round whites, Stand OiIN J bs.... Third Ave adj 5s 80 . Real Estate . 1,911,137.41 0. S. No. 1, 2.10a2.25; Idaho, 1500-pound | "9g Stand Oll N Y 434851 % Union Pacific 1at 45°47... B . 7 . JI11, ?cn Russet Rurals, U. 8. No. 1, 2.50a | 104% "Pranscon Oll 83 :{;unlr:‘r.;‘xfi :: sx,‘ . 86% ‘gu E ‘: Con:s' S d . o 798,51 .65. 9% United Drug 58 '53 rginia Ry 1 % i S Spinach—Supplies moderate; demand | 92% U S Rubber 18t & ret 5 Wabash 18t 58'39........ 102+ % L“ n “R 9 S I }C,el, e - light, market dull; Texas, bushel baskets | 1023 U S Rubber 7%s'30. %’ Wabash 53875, 102% $ oans on Association’s Policies. . Savoy type, 1.00a1.15; fair to poor qual-| 109% U S Steel s £ 5863, B Western Marylan 30“ gg: & :2 Collateral Loans.......... 3 mfim—a\mflz imoderate; ae- | 05 U +2 Net premiums in process of collection. .. mand light, market steady; originals; P TR R R wrapped, fancy best, 4008458 , fancy count, X fair quality and condition, 3.00a3.50: BOPAL, ASSBES, 05t ol ik s vssion s eholce “unmt, good quality and condition, ring _beans—Suppl oderate; it B s ; ’ LIABILITIES: cbushel hampers, green, best. 3.80; __(Continued From Eighth Page) ! e ir q'unllx.,y lndmeondlllon. 2.7583.00; R P 7o ¥ Policyholders’ dividends not yet due..... ... . $461,244.81 .50, Nt R ! 105 3 Hich. Low. Close. Chee. | Hish. Low. eserve for taxes accrued.............. .. 165,000.00 Mght, market "l’&, “;l::i‘l,dpe;;dr 321 Third Avenu 351 84 3T + 4% 23 Walworth Co X AR Premiums and interest paid in advance. . 166,441.59 T 3.60). % Ward Baking A (8 h i Rt 3 eraten faney, 3008330, WA 8% Thompaon (J ) (346}, 7 8 Ward Baking Cla - DTN V.0 G e .ooo. 15556863 Barket sténdy; ‘Ilnrhh;.sp:pper scorau-: % : wi wrapped, 4.00a4.25; few 4.50. Tidewater Ol pf (5) 92 9 4 Warner Bros pf (2.20).. mfig“flu?‘}:fi:fi Je| 8" 73% Timken Roller Bearing. . Warner Quinian (3).... Tllinois, 2-dozen cartons, hot-house| 192 98 Tobacco Products (8). .. oy stock, extra fancy, 4.75a5.00: fancy, 4.50,| 112 104% Tobacco Products A (7). Bros 1at pt (3).. > Might; demand light,| 18 17% Tobacco Prod ctfs A.... n RAYREts Doeps : 19 17% Tobaeco Prod ctfsB. ... or & Hollbroner(4). B eieaiegy; MEk0, I -SDA CralMe, | (190, 16" Tobacce rod atv ctfa . Weber & Hell of (1).... Eggplant—Supplies ; few| 13 9% TranscontinentalOil.... Webster-Eisenlohr 3%2% interest on all policies. ... .9?373,1%& e ,-.';:M g Ught; oo feW| (4 40 Trico Products (214), .. Wesson Oil & 8n (4). 3 \ Wesson Ofl pf (7). $27,212 5! Strawverrics Suppiies moderate; de-{ 314 24 Truax Traer Coal, esscn Oll pf (1) 2125111 mand slow, market slightly weaker; 99% 99! 1 Florids, pony rerigerators and 32-quart | 105" &35 B Gie), RaBTe (). . i< Went Penn Elos bé (D). crates, various varieties, 40a45 per WATCH US GROW PROGRESS DURING THE PAST FIFTEEN YEARS West Penn Power pf(6). quart; few lower. 113% 91 Underwd-Ellott ¥ (4) 103 103% INSURANCE Caulifiower—Supplies moderate; de-| 43 34% Union Bag & Paper. mand light, market steady; California, | 227% 196% Union Carbide (8) YEAR ASSETS SURPLUS In Force End of Year 1013 b4 $457.200 $10,803 $7.016.335 pony crates, 1.50a1.75. Carrots—Suppiies light; demand light, 1916 $1,028,016 ~ $42,819 15,081,081 1919 $2,220,990 $70,013 $37,657,924 market about steady: Texas, Western 1922 $6,828,345 $748,407 $122,685,100 . n 1925 $15,695,944 $1,306,269 $196,145,636 RETEER & d 8 1928 $28,160,766 $1,339,382 925, light, market dull; Texas, Western let-| 274 22% United Cigar Stores (1). Wileox Ol & Gas. tuce crates, 2.25a2.75; mostly around| 104 101% United Cig Stores pf(§). 9% 6% Ui Wilcox & Rich (A 45 4 T — Wilcox & Rich (B) 20% 2.50. nited Dy Oranges—Supplies moderate; demand moderate, market steady; Florida, boxes | 158% 139% United Fruit (16%) l;:% 1;;“ Willys Overland (¢ (LAC{\CIA’S policyholders participate in the prosperity of their company, for it has the distinction of being the first and only mutual old-line com- (R pany to reduce its premium rates. This gives policyholders the low initial No. 1, medium to large size, 3.5024.00; | 26% 16 United Paperboard..... small size, 3.00. 47% 38% U S Cast Iron Pipe (2).. 381 108 197 cost of the stock company plus the dividend or profit-sharing advantages of Worthington Pamp , S 8 o this mutual old-line company. ‘moderal light. market slightly weaker; California, erates, Iceberg type, 4-5 dozen, 3.7524.00, | 101 NY Tel 4%s°39. few low as 3.50. & Seaboard A L con 6s '45. . South Pacific ev 4529, South Pacific col 4s'49. R s s © FFEFE F :Ll LY e FEELFE ARES ot & SEEE $948,255.03 BALANCE TO PROTECT POLICY Legal reserve requirement—American Experience Table of Mortality and L+++11 b AT MRS o +H+ 1 Western Maryland. Westn Maryland 2d pt.. G EER R W U Telegraph (8)..... WestingnouseAirBr(2). Westinghouse &M (4). 144% 145% Westinghouse 18t pf(4). 145 WaestonElecinstrument. Y 24% WestonElecinstCIA(2). ;;K Li+it++t1001 19 = R 144+ BOND PRICES DECLINE 1647 128 U S Alcohol (8) . 125% 124% USIndustrialAleo pf(7) 35% 24% Y Rll‘.alvh!r . - 8 NEW YORK, Pebruary 16 (#).—The| 6% 50 USLeather A bond market continued its downward | 107 Pr b 103 IG‘HV- course today, although a few scattered by 4 issues showed improvement. Traders 4y consider lhewldvmee in b;'nke;:' ace -+ o ceptance rates to above the deral Reserve rediscount rate and threats of | 58 ~ 056'% USS gt f b Grapefruit—Supplies light; demand| 19 18% USCIr P1stpf (1.20). 19 light, market steady; Florida, boxes No.{ 19% 19% US CIr P 2d pf (1.20).. Worthington Pump (B 9 Wright Aero (3 2?,:%!268 % 1, medium size, 3.50a3.75; No. 2, medium [ 17% 14% U 8 Distributing....... size, 3.00a3.50; small size, 2.5023.00. 8% 73 U 3 Distributing of (7). an advance in the rate itself as very| 192% 157% U S Steel (1) .1 80% 73% Wrigley W Jr ( % t discouraging to bond buying. Trading | 143 141 U8 Steel 65 61% Yae& Towne (4).. 61% 63 was light, sales totaling $5,152,000. 109% 97% U 8 Tobacco (3) 9 354 Yellow Trick & Coach.. 39 36% - The decline was led by the con-| L% 713% Universal Leat To - 53% Young Spr&Wire(123%4). 61 584 2 vertibles and coppers, Anaconda Cop- ggv fg:: g::;.‘:';‘l"‘; g 8 107 Younzston Sheet & T (5) 112% - per s dropped to 199 and rallied At | sos’ 265 Utan Copper cit) ... 2 RIGHTS—EXPIRE. ) 4% 2 USExpress the end to 20014, down 2’ points from | “4gs, “40 - Ut} Pow & Light A(e2). 2% Allis-Chalmers, Feb20.. 4 9 fi+1+ 11+ 1+1+1E+1+) 49% 44 U S Hoffman (4 Friday's closing level. The 6s were Byers (A M), March 1, fractionally lower. Alleghany Corpora- 11% Vadasco Sales pf. - T ) 2% 9 Jug . 8% Citly t e - tion 55 and American International 71 Vadasco Sales pf g S o osauy Mert i % Ml l I l l A l I IFE ASSOCIA‘I ION 8%, ‘which have dominated oo 96% Vanadium Steel (14 1 Contl Motors, Mar 5. 1 3 ice admission 2 t Eng Public Serv, Mar 15. ear, were again heavy. 60 Raal P P Bl 20... 3 1 T verpational Telphons convertible| S41 83 Viek Chtmatens 16)- L s se s 8 WILLIAM MONTGOMERY, President 4158 got down to 11212, but recovered | 158 143% Victor Talking Ma 143% Radio-Keith-Or, Mar 7 1 . Tt of their loss, Federal Light & | 114 111% Vietor Tik Mch pr pf(7). 112% 112 4 Tenn Copper&Ch, Mar i action 5s rallied from the low level Son 16 STl SR e g Thompson (J ®). Mard.. " DIRECTORS: ) 5 B -Caro sees Uni ‘el . . i g’l;h?\‘f-{e;;"w gunfiwl&/'mfim# Nne!: 108 1074 V1 ginta Bl & P of (7).. 10T% 107% wn.::l?gl:unlal;.nr 5.. 17 11" 1{” " T. J. Adams Paul B. Cromelin J. Claude Keiper H. L. Rust, Jr. Jersey 4Yss continued thelr slump with | 45 VaIron Coal & Cokepf.. 48 48" s i) e W. L. Andrews J. Harry Cunningham Arthur D. Marks L. P. Steuart & 3-point_drop to 185. bl T | ¥ 4 menta Based ot the oty or L"'p"r‘d" dllefl Chas. E. Baldwin L. Whiting Es John T. Meany Eugene E. Thompson e Vulcan Detinning (A).. 178 % tock, red 8 TPlus 338 | Xk g'gycm""b ? C. g"#"’; Jos. H. Milans E‘ Lee '{)"‘“;' . 97 VulcanDetinningpfA (1) 97 X agebie in slock ' 5 . C. Coombs ames C. Hoyle 2 . rancis D. Winston Steel Prices Advanced. I PR T PR o, tork W. K. Cowden Thos. E. Jarrell 1. P. Yort CHICAGO, February 16 (#).—The ¢ 69% Wabash. 7 6% Piis 1% ahare in siock. o Bius 38 1 Shock. Tiinols” Steel Co. subsidiary of the | 27% 234 Waldorf S THN _— HOME OFFICE—101 INDIANA AVE.-WASHINGTON, D. C. B AR ks ye« Experienced Advertisers Prefer The Starl™, e ve Monday, February 4