Evening Star Newspaper, March 27, 1929, Page 15

FINANCIAL, THE EVENING ST \R WASHINGTON, 8 C. 'WFD\F*D\Y a7, 19%9. MARCH FINANCIAL.® I ON NEW YORK BONDS STOCK EYCHAI\GEl bl Received by Private Wire Direct to The Star UNITED STATES. NY Tel 6849 North Am Edis 5s. NoAm Ed 648 '63. Nor Ohio Tr & L 6s. " 974 2810 9814 964 9610 991 991 102 22 10127 FOREIGN. Sales. High. 1 90 23 99 15 99 13 99% 18 957 15 994 97 98 17 9826 Nor States Pow 6s. Pacific Gas & El bs. Pac T & T 1st 58 Pac T& T bs52. Pan-Amer Pete 7s.. Paramount 6s 1947, Pathe Exchange People s Gas bs. .. Phila Co 53 67 w1.. Phila&ReadC&1 5s. Philips Petro 63 Plerce-Arrow 8s. . Por Ric Am Tob . Postal Tel & C 5% Public Service 43 RemingtonAr 68 32. Rem Rnd 51 Sinclair OM Sinclair Ol 6% Sinclatr O1} 7 Sinclair Crude §348. 1 Sin Pipe Line §: Skelly Oll 6348. outh Bell Tel Low. Close. 9 90 98 98 98l 93% 984 984 954 Argentine s J Argentine May ‘61. Argentine 6s Oct 69 %862, 'gentine 6s B stralia 4% 56 [ustralia 68 1956 Australla 681957 stria 78, 26 954 R 2 108 102% 102 74 107% 107 107 8 104% 1041 104% . B3 114 112% 114 o 17109 108 108% 21 87% 87 Ry 80 101 100% 1004 2 99 98% 98 12 92% 9 27 9215 92 92 4 96% 96'4 963 26 106'3 106 106 5100 99% 100 22 100% 100 100 . 11 1034 103 103 50 9913 99% 99t 22 92 9l 4 92 9y 5101 101 2 99% 99%% B 6% SoW BEw 7 961 96y 101% 102 1094 1095 9 109'3 109, 1109 109 10 2 86% F65 86 5 103t 102% 108% 1101 101 101 9 102% 1024 102% 15 1023 102% 102% 8110 110 110 L 94% 94N 943 15 94 93% 93% 16 984 974 97 3 104 104 104 29 106% . 105% 106 68 110 109 110 58 106 105% 106 7 964% 964 964 2 101% 100% 100% Belgium 6% Belgtum 7s 1956. Belgium 78 195 RBelglum TH%s. Belgium 8, Rolivia Bolivia 8 Bordeaux 6s Brazil 6345 1926 Brazil 61451927, Brazil 1s. Brazil 8 Bremen State 7s. Canada 5s 1931, Cunada 5s 1952, Canada 5%s 1929... Chile 63°60. Chile 6s°61. Chile 75 1943 Christiania 6s. ‘Colombia 6s Jan'61. Con Pow Japan 78 Cuba 5%s.... Czecho 8s 1951, Czecho 8s 1952 Danish Munic !lA. Denmatk 4% Denmark €s. DEI5%s Mch 53.. Dutch East 1 6s47.. Dutch East I 6s 62. X! Salvador 8548 Flat 7s x war 46, Finland s £ 63 °45. Finland 7 Framerican French 7s French 7% German 7 Ger Am Bank 7s.... Ger Gen Elec 7s. b 98 98 98 Greek 7. Haitl 6s. 83 99y 99y 99y Irish Free State §s. 7 95% 951y Italy 7s 58 95y 851y Italidn Pul 9 908 90% 90% Japanese 4s. 1 913 914 91 Japanese 6%s..... 82 101 100% 101 XKreuger&Toll 5sct815 984 98 93 Lyon 6s.. . 8 9% 98 98y Marseille 6s. 9 99y 9 99% Mexico 4s°'10 3 16% 16% 16% Milan 6%s. 27 87N 8T4 87y Montevideo 78...... 2 101% 101 101 Netherlands 6s72.. 11 103'3 1034 103 New So Wales57s., 15 9215 921 924 New So Wales68s.. 3 924 92w 92y Nord 6%s. - 2 101'5 101% 101% Norway 55 1 o 2 94 94 94 Norway 5%8....... 41 100 99% 100 Norway 6s1843.... 11 101 100% 100% Norway 6s 1944... 6 100% 100 100% Norway 6% 1952.. 16 1007 100% 100% Orient Dev 5%s°57. 10 86% 864 86k Plrll-l.!-lled 68... 24 98'3 98y 98y is-Ly-Med 7s... ¥ 10214 101% 101% I"lrll Orleans 6%4s.. "7 93% 934 934 Peru6s67 wi 20 86% 85% 864 « 16 86% 86 86 see B 1003 100 100 1 81 81 81 Poland 7s u-eu see; 46 B4W 834 83 seser 14 9613 96 96 - 2105 105 105 « 1102 102 102 - 2 108% 103% 108% 89 89 RhineWst EP 68’53 89 95 924 924 RbineWst EP 78’60 1 100% 100% 100% Rio de Janeiro 6%s. 10 93 9215 92'5 Riode Jan 85 1946.. . 4 105% 105% 105% Rio Gr Do Sul 7 105% 105% 106% Rome 6%5...000000 16 89 88 88% 8an Paulo City 88,1 8 113 113 113 820 Paulo 1960...00 1 105% 1054 _1056% Saxon (PW) 78...ar 1. 96% 96% 96% Seine 73 42, 4 104' 104 104 Berbs Cr Slav 16 78 8 78 Berbs Crot Slo o 1 92 92 92 Bhinyetsu 6%852.. 1 8 8 85 Soissons « 1 98 98 93 Sweden 6 o 19 102% 102 102% Bwiss5%81946.... 3 102 101% 101% 11 108% 108% 1084 2 98% 93 98y + 1 76 7% 76 . 95 88 86% 1 99% 99% tand OIN Y 4158, SugarEstOriente7s. TennElecPow 6s 47 United Drug 63 63.. U S Rub 1strf s US Rub 734s. U S Steel s f 5a. Utah Pow & Lt Utilities Powr 534 s. Vertientes Sug 7s., Walworth s "45. Walworth 6%s '35, Warner Sug 7s 41.. West Elec bs. Westn Unton bs 51, Westn Union 6%4s.. Willys-Ov 6%s 33., Wiison & Co 1st 6s. WinRepeatAr 7 %s. Yngstn S&T Gs wi. FTEN 101 997 26 102 s 110 1 100 Atchison adj 4s. Atchison gen 4s.... Atch deb 4135 48, At & Birm . AUl & Dan 2d 4s 48, Atlantic C L 1st 4s.. B&0Gold 4 B&Ocv4k B&Orefbs.. B & O 58 2000 D, B&O1stfsct B&Orf tmp 6: B & O SW5s 50, B & O Toledo 4s. Boston & Main, Brooklyn Elec 6% Brooklvn Elev 6148, Bklyn Mannat 6s... Bklyn Un El 5s sta, Buff R & Pitt 4 %s Bush Term con §s. Can Nat4%s54.... Can Nat 4%4s 57, Can Nor 4%s 1935 Canada South 5s Canad North 6¢s. Canad North 7. Canad Pac deb 4s.. Can Pac 4%s 46. Car Clinch&O 6s 52. Central of Ga 53 Cent Pac 1st 68 90 Chesa Corp §s w 1. Ches& O cv4%s. Ches & O gn 4%s Ches& O 4%s'93 A Chi B & Q 1st rf 5s. CB&QIN3Y Chi&E 111 gn 6s 51 Chi Gt West 43 59. CM&StPgns8y ChIM&StP41sC89, Chi M&StP4%s E. ChiMilSP&Pac5i CMSP&Pacadj5s03. 1 Chi& N'W gen 4s. Chi NW 4%s 2037, Chi& NW 7s. Chi Rys 5s. ChiR1&Prf 4 CRIPac4%sw ChiStPM&O s ChiTH&SES Chi T H ing 6s 60 ChiUn Sta 4%s. Chi Union Sta 5 Chi Union Sta 5: Chi Union Sta 6%8. Chi& W Ind cn Clev Term bs. Clev Term 5%8...4 Colo & Sou 4%s. Cuba RR 5s. CubaRR7 . Cuba Nor 53 scts.. Del & Hud 1st rf ¢s, Del & Hud 5%s. Den & Rio G cn 48.. D Rio G West 5s... DRG & Wst 5s'78. Erie Gen 4s.. Erte conv 4s A. Utd SteamCope Truguay $s. 1 108% 108% Vienna s '52. 11 86% 86 Yokohama 63 Wi..e 9 924 92 “MISCELLANEOUS. Abram&Straus $34s 13 110 110 Ajax Rubber8s.... 2102 102 102 Alleghany cv 58 w1247 100% 991 100% AmAgriChem 7%8.. 5 104' 104 104% AmChain6s’33.... 1 98ls 984 9814 Am Int Cor 533849105 105 101% 104 AnSmit&R1 86 100% 100 100% ‘Am Sugar Ref 65... 16 104 103% 103% AmT&Teltrés. 41 9% 99K 9% AmT&Teltrb 5 1014 101 101 AmT&Ts26s.... 54 102% 101% 101% Am Tel & Tel 6348.. 24 105% 104% 1044 Am Water Wksbs.. 6 98% 98 98 AmWrtgPap6s'47. 1 88 83 83 Anaconda 1st 6 37104 103% 103% Anaconda cvdb 7s.. 36 2¢4 234 243 Armour&Co4%s39, 20 914 91 91 Armour Del 5% 12 91% 0% 90% AtlGuifS5s 2 T4 T0% T0% Atlantic Refin & 2 100% 100 100 Associated Oil 4 101% 101% 101% Bell Tel Pa 55 B. 6104 103 103 Bell Tel Pa b8 C. 3104 104 104 Bethlehm Stlpm 68 12 100 99% 100 1 101% 101% 101% 25 101% 100% 100% 24 104% 1024 10234 Bkiyn Edison bs. 2 1025 102'4 102% Bush Term Bldg 58. 4 101 100% 101 Certain-Td5%srcts 11 69% 69 69 Louis& Nash5% Chile Copper .13 9513 94% 944 |Louis & Nash7s Colon Oil 653 14 105% 105 105% | Man Ry 1st 45 90. .. Col Gas&E] deb 21 93 97% 98 |Market St7s40...e ComInvest5%5'49360 101 97 9815 | M1l El Ry&Lt 4 %8s, Com Invest6s'43.. 4 95 95 95 |MilKlRy&L6s6l, Con Coal Md 1t bs.. 14 70 Minn & StL ref 48 ConGasN Y 6% M St P&SSM cn 4 | Consumers Pow MStP&SSM5a3sgtd, M St P & SSM 54s.. M StP & SSM 6% MK&T4sB. MK & T ad) b . MK &Tprinbs Ae Erie & Jersey Erie (Pa) clt tr 4 Gr Trunk stdb és. Grand Trunk 7s. Gt Nor 4%s 76 Great Nor gen 7 Hav El Ry 6%s 51.. Hud & Man a] 6 Hud & Man ref b Il Cent 4% s 6 111 Central rf 5s 65., Il Cent Chi 4 %s. .. 111-C-C-StL&NO bs. Int Rapid Tran bs. Int Rap Tr 6s stpd.. Int kap Tra: Nor 1st 63. . Int&GtNor adj 6s 53 Int RysCA 58 72.., Int Ry CA 6%srct. Kansas City 8 3, Kansas City § b Kan City Term 4s. Lake Shore 45 3 Lehigh Val en 4 Long Is rf 4s 49 Louis&Nash uni 43, Louts & Nash 58 B. Denver Gas Gs. Detroit Edison 6 Dodge 6s.. Donner Steel 7 Duquesne 4% | East Cuba Sug 7% Fisk Rubber (1312 11 11 Gen Asphalt 26 104% 104 104% Gen Cable 5%8°47., 16 98% 9% 9s% Gen Mot Ac Cor 6s.. 37 100% 100% 100% Goodrich 6%48. ... 12 107l 106% 106% Goodyear bsrots..o 11 91% 91 . 94 Hoe & Co 6% 2 86 86 86 Humble O11 68.....: 25 997 ' 99% 997 Humble O & R5%s. 20 101 100% 100% Illinots Bell 1st $s.. 18 102% 102% 102% Tlinois Steel 4348, 2 #8 974 98 Inland St14%s'78« 5 91 91 91 Int] Cement 68 48... 67 1054 104% 105% Intl Match 6 - 26 941 94 94u Int Mer Marine 6s. 11 101% 101 101 Inter Paper6s..... 5 91 93% 9¢ Int Tel&Toleg 4%s. 3 93 93 93 Int Tel&Tel 4%scv815612315 118 123 KanCity P&L6a.. 7 101's 101% 101% Kan G&E6852..0a 5 103% 103% 103% Kelly-Spring 8s.... 8110 110 . 110 Kendall5%s'48 war 15 94 93% 93% Lackawanna Stibs. 5 99% 994 99% Laclede 5s..... 2 100% 100% 100% Laclede G 5%562.4 8 102% 101% 102% Ligget&Myerssssl. 2 101 101 101 Liggett & Myers7s. 2 118 118 118 Loew's 6s wo war.y 13 $7% 97 97 Lorillard 5%s. 6 &% 85% 85N riliard (1 . 1109 _109 _109 ifuu G&E o 171017101 ~ 101 ManatiSug sf T%a. 15 94 94% 94 Midvale Steel 68..., 12 98 97 97 Mont Pow 5343.... 5 99% 99% 994 Mont Power debbs. 6 97'4 97% 97w Nat Dairy 6%8.... 41 94% 944 94 Nat Radiator 6%s.. & 7% Tl& 7l NewEnglandTel 6s. 7 104% 104% 104% | Pere Marq 18t & NY Rdison 58 44... 2 102k 1025 102% | PCC&StLEs A, N Y Edison 6% 10 113% 113% 113% | PCC&StL 63 B 76 NYGELH&PSs 10 104 104 104 Portiand El P L 6 N Y Tel4%4s 3 9% 98% 98% Port RL&P 7%s 46, 97 1106 106 - B9 994 98 99 2 100% 100% 100% 81 |MolachbsF 77. Mo Pacific 5s G '78. Mob&Ohio gn 45 38, Mob&O 4%s 77 cts.., Nash Chat&StL 4s..” Nassau 6148 61...0 NOTex&MisAve. OT&ME%S.om Cen gen 3%s, Cent 45 98 Centdeb 4 Creim 4% Centrf bs. Cent deb 63 C&StL 4%s C. Chi&StL b%8A.. Chi&StL 5% B C&StL6sA.. NH&H 48 56 NH&H cv db 65, NH&H clt 6s... Ont W st 4s.., N Y State Ry 4}45.. NYW&B4%s Nortolk & W cn Nor Pac 38 2047 Nortnern Pacific Northern Pac bs D, Northern Pacr 1 6s, Ore Short Lrts Ore Wash 1st 4s. Pennsyl con 414 Pennsyl gen 4348, Penna R R ¢%s 63, Pennsyl gen 5s. 1 Pennsyl 6% Pennsyl gold 78 T ¥ - ¥ i % . h. 4 . Y . Y Y L2 ZLLLL AL LLLL L2, n*”nn“ . 21 Office . High, 11015 110% 11014 991 100 104 99% 104 100 101 102 104% 10614 105% 108'% 6 101 891 180 a8 3 101% 102 h" “ Transcont] Ofl 6148 2 2 88y 100% 108 10715 107's 107% | 20 109 RAILROAD. Bilh 9y 112% 8 [ 9lle 904 97 27 101% ) 9 1 7 100% 100% 100t 9 103 45 109 21 100 100 100! 5 8l% 92 9214 90 w5t 87 91% E 9 9415 97 4 103% 103% 10 5 114% 5 110 27 84 6 9T 3 108% 10714 10 1102 12 100 24 99 18 98% 1 94% 39 903 4 102 1 83 34 83 23 61 2 84 50 93 5 9 86 TT% 10 87 10 94 7 10k 5 79% 80 93% 6 89'% 8945 89 1 99% 99% 99% T o9l 6 85% 1 102 10 114 2 85 4 104% 1043 104% 2 106 6 91 1 102% 102% 102% 1 88% 881 887 45 93% 1 9 1 7 8% 1 834 834 83% 21 9% 1 100'% 100% 100% 1 107% 1074 107% 16 101 15 104 3 110% 110% 110% 2 934% 30 109% 1 64% 64% 6i% 9 3% 21 91 19 974 2 163% 103% 103% 7 9% 95% 95% | 7 100 4 T4 25 3% 6 102 26 93 2 784% 13 9% 3 Y% 5 963 30 874 10 97 3 93% 1108 4 105 11 101% 100% 100% 7 66 9 884 6 97% 63 98% 11 239 1 87 5 97 1 92 3 100% 100% 100% 11 83 2 103 9 100% 3 72 1 1 2 4 127 89% 895 B9, 6 53 1 98 1 100% 5 79% 11 87 6 944 197 11 105% 8 105% 6 93w 1 105% 2 1055 16 100% 77 15 111% 40 987% 1 85% 5 100% 16 9% 49T 1108 10 102% 16 108 154 101% 12 100% 21 106% 1 166% 3 101 5 107 Low. a0, 100% 99% 101 9915 1003 102 104¢ 99 w0 104 96% 10014 29 1017 102 101 105 a6 9515 8814 100t 107% 100% 84 o1 110 86 611 9liy Q0% 96% 101 103 109 3 a4 9414 % 114 108% 88y 97 102 9914 98'% 98% 947 904 101% &3 80% 6674 84 214 924 % 87 94 100% 7912 93 91, 85 <14 97% 9T% 9TH 2 102% 10234 102% 102 114 85 106 « 16 9614 96 1 89% 89% 89% 1 101% 101% 101% 7 8253 81% 82 90 92 BT's 874 87% 6% 781y 924, 101 103% 934 109 T3l 90 97 100 784% 3% . 32 96% 96% 967 102 8% 95 1% 95 87 965 84% Bdm Bay | 2 904k 904 904 9344 103 105 654 RRK 97% 984 23% &7l 97 92 821 103 99% 0% 57 98 1004 TRy K7 94% 1014 110% 984 &% 1001 978 97% 106 102 107% 100% 100% 106 106% 100 107 Close. 993 100 10 101 100 10015 102 1001 « 1( 101 105 a9 P 100% 107 9l 1014 103 109 114% | 1081 84 974 | ¢ 102 9914 99 98 947 907, 102 101 7914 93 91 85 102 114 85 106 964 90 22 76l 8% 93 101 104 934 109 345 91 97 100 3% | T3% | 102 93 T8l 95% 714 | 957 | 87% | 963 | 934 | 103 105 65's 84 9% 98 23% 8744 97 92 83 103 100% 72 96% 96l 9614 | 937 90 57% 98 100% 97% 106 102 107% 101 100% 106% 1064 101 107 NYA Tol 68 4dnnanna: 74 106 1064 105k Readinggendiend 16 Lo 94 94 Rio G West ¢l 4s. St L 1M&S 4s 2 StL IM&S gn 5831, St L IM&S R&G 43. StL&SFpidsA StL&SFrates? StL& StLS W 1st4s. St LS W con 4s S(L & Sown 535 San A & Arn P ds.. Seaboard AL 4s | Sou Ry 6%s. Term Asso S T, 4 Texas & F Tex & I | Third Averef 4s 60. | Third Ave adi 5 Ulster & Del 4s u 3 Union Pac 1st rf 4s. | Western Md i 14e Western Pacific FEDERAL LAND BANK BONDS Special Dispatch of expanding entire g of division heads and directors has | hlers are hoping that When the stock market setiles down after the present | contusion ‘there will be more disposition cial) —Jaguelin Trust Co. | a number of years on the directorate | the Treasu of the company, the Universal Leaf Tobacco Co. Mori Low. Close. | 8 0014 99 a8 84 kt ag1, 988, 9314 814 834 100 SF prinbs. eab A L ref 4s. eabAL adj 68 19 eab A L con 6 B All Fla 6; E All Fla 65 Sou Pac 45 29... Sou Pac clt 4s. ou Pacific ref 4 ou Pac 4%s rets. . ou Ry gen 4 ou Ry Con § ou Ry 6s 56. s I { cific 1% nion P [w nion ‘ |1 vo ,, T is ‘|3 L 100t 10014 2 la | | th to The o NEW YORK, Ma i Asked 937, 933, | se vl July 19540p34 100y Wiadoat s v 'QHU( 31 1004 Motor Firm to Expand BERLIN, March 27 (#).—Announ cal po ment was made today that the capita of the Germa doubled to $25,000.000 for the purpose s assembly plant and the |7y, were a number of weak spots in Chrysler Co. will be|; " German organization. A meet- | th en held to organize the expansion. 27 has (Spe- | to RICHMOND, Va, March been | P." Taylor is also a director of chairman of the Savings Bank | DOND PRICES DROP pecial Dispateh to The Star. ments | e lowest ir | to bring in investment demand. There ms * | this popular type that has been put to cific lowest, of 65. points, opel Copper 5 points up. Alleghany Corpo: are offered well The Government list wa elected vice president of the Virginia of the Liberties were close to their low Mr. Taylor, who has served | prices for the year made yesterday and markets government and municipal obligations hich have been affected recently by of Richmond, has been elected to the| | liquidation by banks and by others who board of Virginia Trust Co. tions were to fill vacancies caused by | forced to sell in order to protect their the death of T. C. Willia The elec- | bought for high tock market account; INFORCED SELLING raders L»qundate Holdings to Protect Commitments in Stocks. F. SPEARE. NEW YORK, March Urgent | uidation in bonds to protect commit- | in stocks and under which the el of bond prices has declined to the three years, has o far failed a moderate amount of forced sell again today, but in general &he | was steadier and of smaller lum The most ficant incident was a ak of 8 points in Commercial Invest rust convertible debenture 5':s. This a new £35.000,000 issue floated in bruary at 105, when there was a | rong demand for bonds carrying stock | arrants. It is the first new bond of | test in a demoralized stock market. A number of widely separated issues | t had acted badly on previous days wed substantial gains early in tb ion. Among them were Dodge Gs, ich rallied 195 points; Missouri Pa 4s, up 11;: New Orleans Public rvice s, , and Cuba Cane 8s, lich rose 4 points from the year's Not all of them, however, ir gains. e of the convertible group ational Telephone 4!5s approximately their pres 21, points ien the stock showed a gain of 10 | Public Service of New Jersey ned 8 points higher and Anaconda 5s were slightly better and Ame n International 5!2s improved by a | int. ‘The money situation, present and spective, makes it impossible to in- st private investors or institutions high-grade bonds except where these | under the market. | is list of rails and public utilit Took with favor on bonds. | ragged. All y issues were lower. in various Thin | foreiy occurred ields and have been 1 Stock Beard L lflht Gees Out as Mones Rate Hits 20 Pet. Specia: Dispatch to The Star. NEW YORK. March 27.—The crowd which jammed the Stock Ex- change gallery yesterday saw & swarming hive which looked panicky only to the neophyte. Men rushed about apparently mad, but this was merely the normal course of busi- ness keyed up to an unprecedented pitch. The exchange's newest toy, a yel- low light which flashes the call money rate, blinked and changed from 15 to 17 per cent. Suddenly from the rushing traders burst a howl, a groan, a roar! Busy, tense men, blowing off steam, and back on the job in an instant. Over on_a bench at one edge of the floor Jake opened his eyes and looked around to see what the shouting was for. Jake, who sells carnations on ordinary days, was ng a nap. light flashed up to 20 per cent. Another shout. The light went out. Human nerves might stand this pace, but the call money light's fuse had blown out. BALTIMORE RATE CASE - TAKEN TO HIGH COURT Special Dispatch to The BALTIMORE, March 37—Following in the steps of the United Railw which controls_the trolley service Baltimore, the Public Service Comm sion_will go to the Supreme Court of the United States within the next few days with an appeal from a decision of the Maryland Court of Appeals week Judge Carroll d an order allowing the United to | appeal to the Supreme Court. The United plans to appeal from the | ! deciston of the Court of Appeals u: holding the commission’s rate ‘Vm e, which was set to yleld 626 t. This allowance Is confiscatory, lh(‘ United contends. The angle of the case which will be | appealed by the commission is on the | annual depreciation allowance for th company. The Court of Appeals in il opinion based this allowance on replace- ment costs, while the commission fixed the reversal of this allowance, mt\k‘ns it upon the original cost. TRADING COST IS HIGH NEW YORK, March 27 () —Wall | Strect speculators have been paying a | high price to dabble in the market this | month, the average call money r:\lt’i being about double the current yleld on most of the active industrial and railroad shares. Based on the $5332.- | |000 000 in call loans outstanding last week, Wall Street’s daily interest charge | at the 12 per cent renewhl rate of ves- | terday would be slightly more than | $1.750,000. At the 20 per cent rate, the daily interest charge would run close | to $2,760,000. of | {A. T. & T. PLANS ISSUE NEW YORK, March convertible _bonds, .000.000. The bonds will be | to “stockhelders at terms to be fixed on authorlzation. The issue proximately $7: of collateral trust bond due on July 1, 'n“PdFd by the Bell system. The com | pany’s present bonded debt totals about $323.000,000. The latest financing con sisted of an issue of $185,000.000 i | stock offered to stockholders last Sum | mer. At the | stockholders the sl care of ‘acditiona s proposed to provide ap. .000,000 for the paymen ; of the compan: meeting pproved an iner SIBEE. oo CaloakE f 00.000.000 to $£2,000,000.000 to (’\ offerings of stock annual RAILROAD ORDERS CARS RICHMOND, March 27 The Virginia Railway has. awarded contract for the construction of Iron Co. of Roanoke. SEIBERLING ALLTREADS | LEHMAN’S TIRE SHOP | 12th & K N.W. DMain 401 Main 1130 I WILL SELL 000 Jefferson Apt. 6%, 1639, 00 Law & Finanee 6'.% 50 Washinston Auditorium E . “% @ fonal Mort. & Inv. Com., new, Mort. & Inv. OM. BSe. ts Real Estate Morigage & Guaranty @ 6e. United _Wardman Mort. count @ 4 125 Miller Train Control. Rid, 38 Stanley-Crandall pfd. Bid. 100 F. H. Smith 3'4% pfd. @ 85, 5 F. H. Smith 3% pfd. @ 80. 10 Northern _ Virginia Investment % pfd. @ 95. 100 Washington Base Ball @ 674, 50 Great Natl. Insurance, *new," @ 1815 8 Natl. Press Blds. pfd. @ 4 5 Vasco Products Units, @ Virginia Plate Glass. Bid. 5 Virginia Plate Glass V. L Cer- tificates. Bid. THOMAS L. HUME 1412 G St Main 1346 & Ol OF $225,000,000 BONDS | By the Associated Pr —Directors | of the American Telephone & Telegraph Co. have called a meeting of <.ucknoxd-‘\ ness in Maryland, set for a hearing yes- ers for April 30, to authorize an issue | terday ot o exceed | the request of ed | and for new construction | || yesterdav (Special) — 500 hopper cars to the Virginian Bridge & | ] | BUS HEARING POSTPONED. BALTIMORE. March 27 (Special) Hearing on the applications of t i\ hington Motor Bus Co. Inc. a for permission to do an intrastate b was postponed indefinite he applicants. 2 | Vil t| JOHN JOY EDSON, President Organized 1879 n Subscription for the 96th e | | | a independence by saving in the Equitable. You'll of tremendous help money. about it. | the Pennsylvaria General Transit Co. $5,513,051. he At Low Interest Rates nd | Tyler & Rutherford si- at 1520 K Street Main 475 WALTER S. PRATT, Jr., Secretary 49th YEAR COMPLETED 63 Surplus & Profits .$1,601 Issue of Steck Being Received 1.98 Think of the Future By Saving Now Lay the foundation now for financial systematically find our plan accumulating Stop in and let us tell you 915 F St. NW. Consult Us Regarding Your Maturing Mortgage LONG-TERM RE AL ESTATE LOANS 5%% We Make First Mortgages on Homes, Apartments and Business Properties in the Distriet of Columbia and Nearby M: RANDALL H. HAG 1321 Connecticut Avenue. New York Life Insurance Cnmpany \ Mortgage Loan Correspondent, AN aryland and Virginia ER & COMPANY, INC. Decatur 3600 H. L. RUST COMPANY INSURANCE—ALL FORMS 1001 15th Street N. STATEMENT OF THE CONDITION OF THE Aetna Life Insurance Co. of Hartford, Conn. On the 31st day of December, 1928, as re- quired under the District ‘of Columbia Code, smended June 30, 1902, and August Capital stock . Capital stock B $15.000.000.00 sk~ 18,000,000.00 ABSETS. Cash in office.. Cash in_ bank’ eal estate . eal estate lien)..... 5 Stocks " ‘and ' bonds ment value).... Collateral and ‘policy ‘foans. . Premiums uncollected and in hands of agents. Interest due and All other assets. “24,889.35' 1809720817 O 301338 Gross assets .. $382,539.324.15 '922,990.99 Deducted assets niof admitfed Total admitted assets..$381,616,333.16 LIABILIT) Net unpatd clatmi Beservo as required by 1ay Special ‘and volunt, $7.310.671.90 281,610,840.54 28,709,336.06 912,005.92 2.906.577.32 1.346,627.18 8.400.657.99 15, Commissions,* brokerags, ‘efc. Dividends due. apportionetl or left with the company. Capital stock . All other liabiiitil Total liabilities the year 1928. Life, accident, health and Iiabtlity insurance. Amount - of risk assumed during the year 1928. Losses and claims sustained during the year 1928. .. Income received during the 235N, 1028 5 xpeny 1928. $2,650,885,397.00 50,174,990.17 125.566,358.11 93.064.766.02 E. K. BULKELEY, Viee President. JAMES B. SLIMMON. Secretary. uSubscribed and sworn, (o befors me this av of February, (Seal.) K. B. KRANS, Notary Publlc. STATEMENT OF THE CONDITION OF THE Newark Fire Insurance Co. of Newark, N. J. ©On the 31st day of December, 1928, as re- quired under ‘the District of Columbia Gode, amended June 30, 1902, and August .$1,500,000.00 ital stock . Sa h, 1,500,000.00 Capital stock, paid 1300 37 494.001 98 185,000.00 319,600.00 7,465,400.00 50.34 Cash in office. Cash in bank Real estate Real _estate lten) 3 Stocks _and value) Bills receivable Premiums uncoliccted an hands of agents... Interest due and accried All other assets Losses recoverable Miscellaneous ... bonds " (market 667.021.83 85,012.40 45.7123 02 2.615.80 Total assets 39.265,725.74 $500.653.06 4,032,213 62 202,273 29 L1890 00 ic 1 1,500,000.00 bilities tion reserve on com- building Net unpald claims... Reserve as required by Salaries, rents, expense 48,032.56 STATEMENT OF THE CONDITION oF The Aetna Casualty and Surety Company of Hartford, Conn. On the 31st day of December, 1928, as re- auired under ‘the District of Columbia Code, amended June 30, 1902, and Ausust $2.000,000.00 Car tal stock . Capital 000,000.00 21.889.04 1450.553.50 Coilateral loans Real estate morigages (Arat lien) ; Stocks ' ‘and " "bonds value). Bills recel and s Premiums uncollected hands of agents. Interest due and uce All other assets 1.473.349.12 . 20,523.810.75 15.225.48 3,327.325:96 '281.565.05 .. 4602591 36,222.506.81 228.169.9: (market enge. nd in Total assets. LIABILITIES. Net unpaid claims.. ... Reserve as required by Reinsurance premiums Salaries, rents, ex taxes, etc.. Commissions. ‘brokerage, etc. Cash dividends remaining un- 178.784.00 613.310.84 90,000.00 3.000000.00 All other liabiiities 2,836.769.40 Surplus over all Total labilities Character of business transacted during the year 1928: Personal. accident, health. plate glass. burglary, sprinkler, boiler, en. gine and machinery, automobilé, teams and flability insurance on the stock pian. Losses sustained during the year 1928........ +..$6,441,103.86 Money _ received ~'during *thé year 192 £19.329.328.91 Expended during 17:452:206.37 RAWDON_W. MYERS, Vice President, E. A. GIDDINGS, ‘Asst. Secretary, ns‘nznnn?u"md sv\o{;nzqw before me this st day of January, (Seal.) . R. PURVES, Notars Bublic. My commission expires Feb. 1. 1930. STATEMENT OF THE CONDITION OF THE Law Union & Rock Insurance Co., Ltd., of London, England. On the 31at day of December, 1028, as re- quired under the District ‘of Columbia (mended June 30, 1903, and August Cod $1,676.77 497,149.13 * 2.020,895.00 24347038 Cash in office. Cash in bank. Stocks and value) Premiums hands of Interest due All other assets: Reinsurance due from other companies on paid losses. Total assets bonds 4.497.92 . 92,798,411.39 LIABILITIES, Net unpaid_claims Reserve as required Salaries, Tents, expense etc. ... Commissions, Brokerage, e All other liabilities: ~Reserve for undertermined labilities, $195,997.80 1,300,385'49 65.896.50 6,000.00 32.000.00 surance recoverabie and reinsurance reserve. account unauthorized companies ... Total labilities . Surplus .. 34.800 57 $6.336.762.10 2,928,963 64 1, 7] Charactsr of business transacted during the year 1928: Fire, ocean and inland ma- rine. motor vehicles, earthquake, tornado, sprinkler leakage, riot civil commotion, explosion and tonrist floater, Amount of risk assumed during the year 1928.....%1,360,252,648.00 Losser sustained during’ the 1,798,227.15 vear 1928 Money received during ' the 4,411,060.55 4,058,127.27 sear 1928 Exvended dnrlnl the' 1928 ; GEO. A. BERNARD, S Subscribed_and sworn 16 béfore me thls 215t day of February, 1928, (Seal.) MAY COSTELLO, Notary Public, New Jersey. ear * 1.2581131.60 .$2,798,411.39 Surplus Total labilities ., Character of business transacted during’| the year 1928; Fire and automobile, Amount of risk assumed dur-} ing the year 1928..........$320,422,159.00 Losses sustained during 'the year 192 449,469.10 Money recel : 1,164,094.15 the *‘vear Suietils s . 1,004,894.04 year 1928 Expended durml 1921 GILBERT KINGAN, Agency Secretary. Subscribed and sworn to before me this 19th day of February, 1929, (Beal) GEORGE W. MASTAGLIO, Notary Public, My commission expires January 31, 1934. W. Member of the Insurance Club of Washington STATEMENT OF THE CONDITION oF The Automobile Insurance Company of Hartford, Conn. On the 31st day of December, 1928. as re- quired under the District of Columbia 1C'lld;’llxmend!fl June 30, 1902, and August Capital stock . $5.000,000.00 Capital stock paid up, in ‘Cash ~5,000,000.00 2.300.87 1539.360.74 39.700.00 i 70000 . 18.063,584.75 2,613.746.15 103,936.40 L1g8.830.01 hands of agents. Interest due and accried.. .. Mixed Claims Commisston award. All other’ assets. Total assets. LIABILITIES, Net unpaid claims.. .. Reserve as required by law Balarles, o reDts. exvenses, taxes, ete... Commissions. brokerage, etc Cash dnnmends Femainiie b capltal st All other liabilitias: & Reserve for securify 'flictiia- . $2.330.251.94 5.516,316.00 565.136.22 | 100,000.00 100,000.00 5,000,000.00 62,239.65 1.000.000.00 2,000.000.00 Total Labilities. $16.673.943.11 Character of business tran the year 1928 Fire and mmsn': tanns Aok e Sekr 195875 201 ear Losses sustained during the e 5. 2,808,521.84 9.894.470.80 year 1921 LA 7!7 10! E. ‘VCA“PM e W. P. PATTON. ice l'efldtnt. Subgerfbed sd saar b ubscribed and. swo 1100 day Of Februnty, 1ogp. "o ore M this (8eal) W, wN PIERSON, My commission expires Fe. 1, 1930, " STATEMENT OF THE CONDITIO! SF THE i London Assc. Corp., U. S. Branch, of London, England On the 31st day of December, 1028, as required under the District of Columbja f:d;;llmendm June 30, 1902, and August ) 1911, : ASSETS. Cash In office.... Cash in bank. Stocks and bonds value) ....... Premiums uncollected and in hands of agents. Interest due and accrued. Al other assets ...... Total assets. . 1. Net unpaid ell%‘mAsBu'n‘Iu Reserve as required by law. Salaries, rents, expenses, t: etc. g Commissions, brokerage, etc All other liabilities. Total liabllities « Character of business transacted during the year 1928: Fire, ocean marine, motor vehicles, inland navigation and transporta- tion, tornado, wind storm and cyclone sprinkler leakage, riot, civil commotion and ;llzlulhzn. e a Tount o during the yenr 1030 .. $1,373,567,050.00 ined during the oo 0 5,220,679.73 L 523473411 JOHN H. PACKARD, U. 8. Mer. Bubscribed and sworn to before me this 27th day of February, 1929. (Seal.) GEORGE W. CULYER, Notary Publie, m- York County. N. Y. Co. " Clk . "Reg’s No. 0-20 11,002.24 6,489.20 "(market . 6,560,419.50 836,461.27 71,235.52 186.794.61 +v...98,883,302.34 .31,243,922.50 . 4,105,309.79 224,133.73 47,279.16 27,966.80 35,648.611.98 year 1928 Expended duriils ' the '3 STATEMENT OF THE CONDITION OF THE Firemen’s Insurance Co. of Newark, N. J. On the 3ist day of December, 1028, s | required under the District of Columbia Code, amended June 30, 1903, and Ausust Capital stock .. -$13,500,000.00 Capital stock, pai in Cash 13,500,000.00 Cash in office Cash in_bank Real estate Real estate “mortzages lien) Stocks value) . Bills receivabie. . Premiums uncoiiected hands of agents..... Interest, due and accrii All other assets. Total assets.. idirst . 1,915,525.00 (market . 46,560.910.25 | e LK and ""bonds " LIABILITIES, Net unpaid claims.... Reserve as required by law .. Salaries, expenses, . $2.401,074.18 15,815,600.46 496.669.21 30,000.00 13.500,000.00 819.206.04 Net surplus .... 1 23.003.126.44 Total labilitles. Character of business transacted during the vear 1928: Fire, Ocean Marine, Motor Vehicles, Earthquake, Inland Navigation and Transportation, Tornado. Windstorm and "Cyclone, Hall. =Sprinkier Leakage, Riot, Civil Commotion and Explosion, Registered Mail. Amount of risk assumed during the vear 1928....$3,614,539,660.00 Losses sustained during the $7,186,436.16 year 1928... Money raceived dunn: "the $35,044.252.28 $20.232,611.91 year 1928 Expended d 1928 . . HASSINGER, Vice President, . J. BORMIDT, Secretary. Subscribed and sworn to before me this 15th day of February, 1920. (Seal.) COULSON B. BAYER, Notary Pubile. STATEMENT OF THE CONDITION OF THE Independence Fire Insurance Co. of Phila., Pa. On the 31st day of December, 1928, as re- auired under the District of Columbia Code, amended June 30, 1903, and August 18, 1911, Capital stock . ++++.31,000,000.00 Capital stock, patd up, in cash, 1,000,000.00 ASSETS. . 123,010 650,000.00 230,350.00 ke (meTket 1,268,040.00 92.012.64 22.932.11 30,776.54 Cash in bank Collateral loans . Real estate mortsages 1ens) o....es Stocks and bonds value) Premiums unmumed and in hands of agents. Interest due and accried” All other assets...... Total assets . (first 1417,180.19 LIABILITIES. Net unpaid claims. .. Reinsurance premiums Salaries, rents, expense: . $175.881.00 681:909.18 a; S 1m000.00 £ 1,000.000.00 Caplial stock s 6,984.20 All other labiifties Total liabilities 31,881,744.38 Character of business transacted during the year 1928: Fire, motor vehicle, inland navigation end transportation, tornado, windstorm and cyclone. i Losses sustained during the . $356,249.18 year 192¢ h p Money Teceived during the vear 1928 1,241,908.24 Expended during the ear 1028, 657,404.15 A. B. ROOME, Vice President, JAMES MORRISON, Gecretary. Bubscribed_and sworn_to before me this 20th day of February, 1929, (Seal.) ANNE C. KENNEDY, Notary Public. My commission expires at the end of the REAL ESTATE LOANS—RENTS—SALES Main 8100 STATEMENT OF THE CONDITION OF THE Federal Insurance Co. of Jersey City, N. J. On the 31st day of December, 1928, as re- quired under ‘the District of Columbia §B dli.gll‘mended June 30, 1902, and August Capital stock . .$1.500,000.00 Capital stock, pal ASSETS. Cash in bank.. Real estate morigages 1 Stocks _and " “bonds " (market value) Premiums hands of agents..... Interest due and accried. All other assefs: Losses due from reinsuring companes ... Collateral loans * $1,077.084.17 21,000.00 . 11,575,748.75 625.849.02 96,079.05 st uncoilected 8,348 44 300000.00 Total assets .. lumu'flm Net unpaid claims. ... Reserve as required by Salaries, rent etc. . Commissio paid . Carital stock All other Hablities Reserye for contingent li- ability “to foreign rein- surers .. Reinsurance’ Teceived fn ‘ad- vance for unpaid claims Reinsurance on paid losses due from unauthorized companes . Reserve for possibie’ decline in future market value of securities ‘Total liabilities . Character, of busines insacted during the year 1928: FPire, oces marine, motor vehicle, inland navigation and transporta- tion, tornado, hail, sprinkler leakage, rain Ahount "ot risk _assumed moun s dirine the vea? 1628, 15,197.342.505.00 Sses sustatned during the Lo s 1,496,401.38 witE 1938 “ihe re: wfldigxa i e o B4es1ses uring ' the yea L pplye ks 3.468.830.47 NDON 'CHUBB, President. T. J. GODDARD. Secretary. Subscribed and sworn to before me this dth_day of March, 1929, (Seal) L. QUEREN, Notary Public. Rings Countr. Commission expires March 30, 1930. 294.925.69 83,240.40 5,359.60 500.000.00 . $7.574.307.16 STATEMENT OF THE CONDITION OF THE Concordia Fire Insurance Co. of Milwaukee, Wis. On the 3ist day of December, 1928. as required ‘under the District of Columbia Code, amended June 30, 1903, and August Capital stock Capital stock, $1.000.000.00 b 1,000,000.00 Cash in office 09 Cash in bank.. 413 Real estate morizages 1,089,071.91 637,200.00 115,425.00 3.557.08 428.499.40 48.108 47 1,529.57 dirst Premiums uncoliected and hands of agents Interest due and accrued. All other assets. Total assets LIABILITIES, ! Net unpaid claims « $310,03564 Reserve as required by I . 2,106,874.88 Salaries, Tents, expenses, taxes, e 8318188 Commi Capital_stock . Net surplus Total liabilities Character of business transacted during the year 1928: Fire, Ocean Marine. Motor Venicles, Eaxthauake, Inland Nevigation and Transportation. Tornado, *Windstorm and Cyclone, Hail, Sprinkler Leakage. Riot, &ivit Commotion and Explosion, Registered A nt of risk assumed dur- Tv?." the year 1028 ...... $868,164,817.00 fained dur Losses 1038 $030,056.02 Miney Feceived dunn: “the ear 1038 L. $2,114,564.52 $1,954,081.98 r 1928 :xy‘:e'ndm dumu "the "'year H. HASSINGER. Vice President, 135,350,804.52 . 3. Secretary. Expended di STATEMENT OF THE CONDITION OF THE Orient Insurance Co. of Hartford, Conn. On the 3ist day of December. 1028, as re- quired under “the District ‘of Columbis Cods, amended June 30, 1902, and August Capital stoek Capital stock, cash ... Cash in ofce. Cash i bank. Real estate Stocks : 643,144.48 . 5,759,416.00 570.872.31 D T443i5ds 11,710.26 Premiumsincoliécted and hands of agents..... Interest due and accrued.. All other asseis. Total assets 'LIABILITIES. Net unpatd claims..... Reserve as required by’ Sajartes, Tents. expenses, etc. Commissions. bmkor-u. ete! Capital stock . All_other mhumu for undets Surplus .. Total Habilities 200.000.00 2,952.082.65 $7,831,760.41 business transacted during tne Joar 1528 Pire'and automobie. A nt of risk assumed "diring the JeaT 1038 4703,580.500.00 L : it Lostes sustained during vakisidi 2,887,660.51 ear 1038 3 “the 2.010.700.22 Monez m-nvea durin HENRY W. GRAY. President. Character ot year MURPHY, - Secretary. Subscribed and sworn to before me this 15th day of February, 1020. (Seal) GEORGE W. MASTAGLIO. Notary Publie. My commission expires January 31, 1934, STATEMENT OF THE CONDITION OP THE Colonial Fire Underwriters of the National Fire In- surance Co. of Hartford, of Hartford, Conn. On the 31st day of December, 1028, as ra- auired under ‘the Distriet ‘of Columbia Code, amended June 30, 1903, and Ausust $3.000.000.00 Cavital stock . abita ,000,000.00 Capital stock, b ceee $6.244157.08 st 1.323.527.25 riet 34.704.637.00 205,174.30 ASSETS, Cash in office and bank. Real esta Real estate, morigages T AR Stocks value) z Bills receivable Premiums uncollected ‘and in hands of agents Interest due and accrued Total asse! LIABILITIES. Net unpaid claims | Reserve as required by law | Saiartes, rents, expens ete. f Capital ‘stock * Al other liabilifie: reserve fund _coverl contingent liabilities Special i Surplus Total Nabilities . 1346,402,714.06 ter of business transacted during r 1928: Pire and marine in all their Amosnt of risk _assumed during the year 1928.....35,200,848,414.00 ined during’ the 9,041,116.13 22.862,846.80 21,104,021.43 P. D. LAYTON. President, F. B. SEYMOUR, Secretary. Subscribed and sworn to before me this Money received ' during the year 1928 1028 Subscribed and sworn to before me this 15th day of Februar. CIkANo 20, Reg's No :m' o Commisston expires Mareh 30, next session of the Senate. (Seal.) covl.sou B. SAYER. Notary Public. 19th day of February, 1929. H._L HILTON, (Seal) X Notary Publle. Mortgage Money Loaned Representing Mutnal Benefit Life Ins. Co. Equitable Co-operative Building Assn