Evening Star Newspaper, April 3, 1929, Page 13

FINANCIAL., WHEAT PRIGES DROP ON INITIAI. SALES DEPOSITS OF ALL LOCAL BANKS SHOWN BY CALL OF MARCH 27, 1929 wm aww' [ 3 3 d:n m«mummmormmmm ll,lfll ‘also are presented Guaranteed 6% First Mortgage + - Notes NEW YORK CURB Received by Private Wire Direct to The Star Office Market Turns Dull as Credit ffi;:, sl i i Situation Again Hampers | .} ;/{,g% ,:;',: g H H : et Operations. 4 hg i i s rlct 9,066,176.26 Secured on Income- Producing Properties in t} » District of Columbia and Nearby Maryland NATIONAL BANKS, 3 Dec. 81,1928, Mar. 27, 1920. Increase. Decrease. AR $8,635,708.18 u.::b ma T e R it 15,935, mu O:g,g‘lfi»z CHICAGO, April 3.—Notwithstanding 12591'1«.“ et xmmrmmetmvuwhathmb o o 48,307.00 . to vun 8383108 | Gy, The market sive to the fact qflz L 1 mz muuo:n had ’l::‘:ed to m er mer Ol Cit! iy 12,391,016.96 199,821.78 lg ‘.'0],03:4’1 . ) © District National Securities Corp. Suite 303-307 Telephone Main 2994 Distriet National Bank Building 6,540,696.18 ll 125, IMM 1.798,808.86 46,364,127.74 G 6 “2 lll 21 18,234,205.10 1,086,269.03 . 48183105450 2,467,826.76 619104230 6,367,579.85 176,537.55 ,590,383.99 $140,837,530.45 $2,247,146.46 SAVINGS BANKS, $121090400 81,921,420 71’ 685,21 669,048.53 +-1,019,/ M! 56 937,397.32 721 1,854,406.56 l 147, 422, l 3 991, 105 514, 40 BY HARRY H. BECKER. 111,622.08 . Bpecial Dispatch to The Star. ”EFEEEEEEEE SEFRE s HEES S R B Bas oo s nas - Sales STAl ia units. M] SEE SAR ¢ SonR bR GRS 3. u2s8 B> > 38! FER $44,445.66 3473807 First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. National Mortgage and Investment Corporation $3,000,000 This w:lfion Offers For Sale Notes Secured by First Deed of Trust On District of Columbia Real Estate ] B, VESwae :i— " I OIERR 32,571.00 94,380.49 31,151.21 sepre Rt ee: R ESseaseses 1.225.213 72 Ohio_ 3,603,393.57 bt én\mm i S\ands. 10 Al m‘m P&P oA 11 Pow 4 , K3 3 Allied Pack 6s rden if-8hencts I N8 EP l’!g 5 Erry fi Ba 8. P 2 : AL ¥ ,306,985.30 38,531,039.55 ,907.50 6,109,081.48 1,720,510.26 2,512,860.26 2 & EFEF 2ageSE naseesrsangnssSeelioctse R gRaEREE Ev,. ] g oS SHoCS2e ........s.........,....d:...,...e.. >3 > 2o . o S Sosple s 5 eEegass 3 2ns: e-m Stare Gent St EL Jonv 'Bid 2Cent Sta El pfd w 6 Chain Store Stock. 21 Gheck can Mfe . Cohn-Hall M: These notes are absolutely safe investments and are gfly guaranteed b_y Ii;il corporation. Denominations as low as $250 6 % Interest A Special Service Is Offered to Investors National Mortgage and Investment Corporation 1004 Vermont Ave. N.W. Main 5833 49223958 - 504,142.94 . $39,143,128.89 $40,105,764.91 ‘TRUST COMPANIES. $31,328,612.75 $32,181,165.28 3,010,329.07 3,110, 213 14 9,198,789.46 4,754,477.96 13,250,085.40 9,204,557.09 15,703,247.13 6,150,896.60 sesesssess $86,450,008.86 $87,256,982.50 RECAPITULATION. $138,500,383.99 $140,f l!’l m A5 .89 40,1 4.91 H 903.36 $962,636.02 oo 3 S 00 S oo b Srn gtk (35 X Sg 55! = SEe SS0% 555 ls?oummer fallow, but an increase in Fall plowing. POTATO MARKET DULL. CHICAGO, Awll 3 (P) (United States Department [rleulmre) .—Potatoes —Receipts, u track, 51 cars new, 290 cars olfl tom United_States gpmznu 608 cars; old stock trading mnrkkn :)bnhl\f w-my on wnm stock, weak on isconsin 39,1431 e “‘35 round whites, 55a65; l“umu 87, .50 806,883.64 North Dakota sacked round whites, — 5565; sacked 264,183,611.74 $268,200,217.86 $4,016,666.12 75; Idaho sacl Audley A P. Bavage, auditor. National Savings & Trust ussets, new stock, lndlnl!-ll(h: mlrket l:rnk OPEN DRIVE FOR LEITH. dons, W. W. Spaid, mimaibmma k| || Increase Your Income Aacihare, mmera ‘Waller, t il 1, 6.75a7.00. A, White and Robert G. Whmon oooorEEz>> nt_Stat El 6 $852, 552 5! bl Rys cth Sup 99,9 «B 'IGB 01 48.9 4 5,053, 320 N 12; 321,716.25 2, 9% Nsunnnl &vlnn l,’lDi.O'Il"lC 9 | Union Trust . - & 4 Curtiss g Sel §Davis D Dn!( Auot annogan 22 44764047 $806,883.64 & 5. 8 555 S ® day. nner the opening, but the improvement was of short duration. Cessation of bullish opentlanl in thn olls, due to the unexpected change in the ltutud'e of the administration with to the conservation program, was reaponsiblz for much of the uncertain- lty Trading turned exceedingly dull sellln: of the ofls was ptmmlnly heavy. Humble broke sharply, up nearly half of Tuesday’s ldvnnc:, and withdrawal of buyln: orders was also a factor in akness of Vacuum, Gulf Ofl ot nn?lvnnh. Standard of Indiana, ohlo Inter- gnz}ment.:ll Petroleum, W] e largest losses, Initial xtren[th due to further short covering was quite impressive in some of the motor and aviation issues, but they, too, failed to hold the full im- provement. Ford of Canada climbed another 50 points or so above the pre- vious day's final, later reacting half that much, The early buoyancy was in response to the news that part of the increased capital created by the recent split-up would be offered in Canada to- morrow. Rumors that important de- velopments were under way in the case of Ford Co., Ltd, gave that issue a steady undemme Strong features in the aero section included Aviation Cor- poration of America, Fokker and Douglas. Another wide break occurred in Fa- jardo Sugar under the continued influ- ence of the suxpenxinn of dlvldend vly- ments. ‘The price dropped 8 points to a new low. m the investment holding company stocks, Goldman Sachs was quiet and steadier, but active buying came into Tri-Continental Corporation on a rise of several points. Trans- 15 Fajardo Sug Co. 4 Fandango Corp ..q&,, 3 Ez:s:.,..sa.-:g\.-.:s:::ss:s\ S35ettE: America showed little change. Interest in the mining and metal group was at a low ebb md the utilities, moving with the main body of stocks, eased off after registering early gains, 2 559383233- = 5 RS PREE 83 CHICAGO DAIRY MARKET. 55 & but movements were comparatively nar- row and unimportant. COTTON PRICES FIRM IN-EARLY TRADING Market Encounters Pressure, but Offerings Are Absorbed by Covering. By the Associated Press. NEW YORK, April 3.—Cotton opened steady today at & decline of 1 to 7 points and sold about 10 to 12 points net lower dufln‘r the early tr-dln: under liquidation and some local and Wall Street selling, inspired by relatively easy cables. a favorable weather map and a favorable view of the weekly weather report. May eased off to 20.43 and the new October contract to 19.86 under this early pressure, but offerings were ab- sorbed by covering. There also seemed to be some buying in.anticipation of a bullish report on boll weevil survival at midday. This steadled the market, ‘which recovered the greater part of its losses. Active months ruled only 2 or 3 points below yesterday's closing quota- tions by the end of the first half hour. Private cables said there had been hedging and liquidation of near months in Liverpool, but that the continent was buying later deliveries. s o ROAD EARNS $21.27 A SHARE. ROANOKE, Va., April 3 (Special).— Net income of the Norfolk & Western Railway in 1928 was $29,807,351, or $21.27 a share on the average ‘amount of common stock outstanding in the year, & llnlt 329 'lll 603, or $21. 26 a share, revenue $106,947, Hl. mtnst $110,f 'I!,RW Freight revenue decreased $2,490.651 ;?:!7( A A Investment in road and equipment totaled $426,175,000 on December 31. Investment in road .increased $3,464,000 to $300,125,000 and in equipment in- creased $1,194,000 to $126,050,000. Cor- porate surplus increased $16,873,000 to $161,881,000. Current assets totaled $20,618,000 and current liabilities total- ed $6,398,000. Total assets were $515,- :gg#l.’s, an increase of $14,213,000 from PENNSY STOCKHOLDERS. ‘The number R‘t:l stockholders of the were 106,911, an increase in 10 years of “ 1 cent. of the combined air and mnll service, President W. W. Atterbury said in his annual report: “The airplane will not measurably compete with the train, p or lutomnblle for dally transportation needs, but it will stimulate a demand for very fast transportation at neces- sarily higher rates than those charged by the raliroads and other forms of transport. With the vast distances to be covered in the United States, un- ties of the air- P.L 13 e ufi A Lauston Mono i Mt l' % w:,- ’A‘n's' o Trae Boin. e w0y GERMAN BONDS AND STOCKS. |, NEW YORK, April 3 (Special) — Bid. | Asked vt Red Loan with draw 10 xaum iunau 238585338 3N 3NaE Buty Brod W 2 Natl Fam 8trs . 1Natl Fam sStrs o yeR-re BIVSER ar 1Plerce Governor § Fitney Bowes P _ ade 1} Broct & ‘Gamble 3 Rainhow Lumino Lumin ri =-n.».._-_,._u.s;;§;§§;.;x 2 aueJuudt t 8288, 8. 2BEERANI 38 e SN BEME SR i aa: £3 {174 T et S2aass I & s PR mu«——n‘on—*-ouubnahu ‘B0 oot 2 &3 4 | 1.50a3.50; 2% * | 1'5083.50; ca .fi Sangnnag! g ssgs:ass:s TS 3 SFESE 882233258832883: 23822323388 = 291! Cauca Valley 7 e o e gs A Bk G Sta 6s B '51 ban Tel 748 A 41 nish Cons 58 '53 r M&T T%s A St_Prus_6s Al A e r Cons Mun 78 47 99?;?92"0 2 9 & § e 2282382233232 sl potert oo o s gt gt an s S83222222R8: R FAR L ue! 828552298833 SEEESE n—New. Sw—With warrants. Special Dispatch to The Star. . BALTIMORE, Md, April 3.—Pota- toes, white, 100 pounds, 75a1.25; yams, barrel, 2.50a4.50; sweet potatoes, barrel, asparagus, dozen, 2.50a6.50; beets, crate, 2.50a2.75; b!lluloo “zl, Mu T, a ! d carrots, bushel, 1.50a1. 75” te, 2.00a3.00; caulifiower, cral mphnc crate, 2.0024.00; n.u bushel, lettuce, hamper, 75a1.75; lima 4.00a5.00; 100 basket, 50a85; apples, bushel, 75a2.00; m‘rfmn. box, 2.0083.25; tangerines, box, 1.25a3.00; oran oranges, box, 2.25a 4.00; strawberries, quart, 1714852%. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, garlicky, no quotation; No. 2 yel % | spot, 1.07a1.08; cob carn, S.00a525. || Oats—No. 2 white, domestic, spot, ||| 57a58; No. 3 white, domestic, spot, 55%a56' Rye—Nearby, 1.10a1.15. Hay—Receipts, none. While hay is arriving here in limited quantities only, it hxll m;:n than for the ge’mlnd. from nearb; rwhu.t(ewelrludlbe- ing recel ‘fhere is not enough busi- ness passing to establish prices on the various kinds on merit at a of gwmoo per ton of timothy "%“l&m Straw—No. 1 wheat, 12.00212.50 per | ton; No. 1 oat, 12.50813.00 per ton. national The committee of 25 will meet this aft- ernoon at bankers' headquarters with President James A. Soper in the chair. The convention opens at Tulsa, Okia., June 10. The local committee consists of the Xollnwl.nl: ident; Roben V. ugust E. Henze, H. F. Kl.m- ball, Miss Catherine M. Krieg, E. McQuade, past president; A. l( Nevius, Richard A. Norris, Prank M. Perley, Mrs. Helena .Yuhn Poole, prsldent. ‘iss. Rose Royce, Mias J.| and bond transactions handled hel v. Royce, !redeflek . Sid- Charter No. 3625. PARIS BOURSE PRICES. PARIS, April 3 (#).—Price m-nm were irregular on the Bourse Three per cent rentes, 'li fnnu 95 centimes; 5 per cent loan, 99 francs 45 centimes. lxchnnxe on London, 124 francs 18 centimes. The gold dollar was quoted at 25 francs 50% centimes. NEW STOCKS RECORD. NEW YORK, Aj 3 (#).—A new high record of ‘ll?lrgs 198,974 was es- tablished in March in the value of stock through l.he New York Bloek ml stock co! Sieh % previous record of $10.834230- ns -uuned last November and $8,022,- 337,769 in February. Reserve District No, 5. REPORT OF THE CONDITION Columbia National Bank, " Of Washington, in the District of columbh, at the close of business on March 27, REOUBOH. 1. Loans and discounts . 2. Overdrafts . 8. Reserve 9. Cash ll.ld | 10 . Redemption fund with U. Total . Surplus . Undivided prom.s—-m 3 Mec unpal 'mwhmmfixflm o " ce .Demmnt le] . Time deposits Total .. led an sul)ucflbed and sworn to hefore gle OMTBCD—AQMQ fhAkn, HARRY BLAKE, ‘W. CLARENCE DUVALL, JOHN JOY EDSON, ALBERT F. FOX, 3. United States Government securities owned 4. Other bonds, stocks and securities owned . 6. unklnt hmne. $184, 7““ furniture And Tixtures, !edfl'l! Bank $3,339,668.41 . 56.46 510,461.50 595,983.00 banks Outside checks and other cash items 8. Treasu) 12,500.00 $5,752,346.15 $250,000.00 00 400,000, 164,417.11 for interest, faxes, and other expenses accrued and $5,752,346.15 Oiw ot Wllhlnmn District of Columbia, ss N. MITCHELL, cashier of the lbove-nlmzd bank, do solemnly swear that mo above statement is true to the best of my kAr:n;l and belief. this 2nd day of April, 1929. HAROLD McDOWELL, N Cashier. jotary Public. JOSEPH H. M! wu.m B, m‘n‘ Jr, FRANK J. STRYKER, JOHN N. SWARTZELL, Directors. 'APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Located in the District of Columbia und udjnecm lub-rlu in Montgom: Georges Counties, 51,% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY OF AMERICA 1001 15th St. N.W. Main 810¢ New Stow & Davis Desks have arrived & Davis desks are You will be interested in Rigid steel frame- work. Laminated walnut and mahogany mahognn HE new_ Stow here. seeing them. led walnut-and T‘iu l:l.tw:uxo line of y sidés. executives’. desks is exclusive With us in Washington. _ BUSINESS FUINITURB AND B UIII:MENT 1018 15th Street Street CHICAGO, April 3 (#).—Butter, 5 tubs; creamery ex- tras, 45%; standards, 45%; extra firsts: 4524514 ; firsts, 44Y,ad4 lower; neelp , 19,890 cases: 26%; firsts, 25%826; ordi- nary , 25; packed firsts, 28a 2812; storage packed extras, 2814428 Poultry—Alive, stea !owu 31a34; lonue PR SILVER QUOTATIONS. NEW YORK, April 3 (#)—Bar silver, 56. Mexican dollars, 42, 6% NOTES Secured by First Mortgages Safe—Conservative 42 Years’ Experience M tinsneing homes and in the sale of these se- curities. Make your savings and surplus funds work for you at the highest-inter- est rate consistent with absolute safety. Wm. H. Saunders Co, Inc. REALTORS Main 1016 1433 K N April 1, Swartzell, Rheem & Hensey Com, celebrates the sixtieth year of its fou From its modest beginning in a small Wash- ington office in 1869, to the present, there runs an unbroken record—sixty years of successful and ever- expanding business, without a single loss to an investor. Behind this lcll.levenen‘. which has brought safety and assured income to our clients through war and 34; br?llm. 40a | muwn. 2: turkeys, 30; ducks, 24a BUY (17 Bonds WBLLSECUR.ED First Mortgage Bonds on modt;m income-producing city buildings give you the opportunity to increase your yield without sacrificing the good security of your principal. Offerings of The F. H. Smith Company are held by men and women in 48 States and in more than 35 foreign countries and territories. These bonds have the protection of a system of safeguards de- veloped through fifty-six years of experience. DENOMINATIONS: $1,000, $500, $100; cou- pons payable semi-annually. Valuable State and Federal tax provisions increase the gross yield. The coupon will bring circulars describing current offerings of First Mortgage Bonds and the latest edition of our Investment Guide, "'56 Years of Investment Service,” which also tells of other types of securities earning in many instances higher returns. THE F. H.SMITH Co. Investment Securities—Founded 1873 Smith Building Washington, D. C. (815 - 15th Street, N.W.—Main 6460) Branchk Offices in — New York — and Other Cities ADDRESS.... OCCUPATION ln(. panic, prosperity and depression, lies one reason: the conservative policy of our founders. Today the same contin tance of first mortgages only policy ues—accep up to 60% of the appraised valuation on thoroughly investigated income-producing property in th eM of Washington. - . e That is why thousands of investors have chosen the Mortgage Notes we offer, in denominations from $100 to $1,000, as the safest possible place for their savings. Their invesiments are now earning for them an assured 6% same for you. SWARTZELL, return. Yours may do the Rueem & HENnSEY Co. MORTGAGE BANKERS 727 15 STREET N.W. "WASHINGTON D.C.