Evening Star Newspaper, April 8, 1929, Page 11

_ 'FIN Money to Loah haul, from center of elty. will nfi.’t‘o'fl i gurns, Wik your AFRITZ 1016 14th St. Main 9080 Money Available for FIRST DEED OF TRUST LOANS . On Co—pldo‘ Properties and for Construction Use Reasonable Interest and Commission Rates JAMES F. SHEA 643 Louisiana Ave. N.W. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Oa 1520 K Street Main 475 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. NW. 62nd Issue of Stock Now Open for Subscription Money Loaned to Members on Easy Monthly Payments James E. Connelly James F. Shea President Secretary BU! ILDERS—APECUIATOIS 280 lots in fine N.W. section. Will se] 2 or'Bart A% an atiractive price. On Mr. Burns. CAFRITZ 1016 14th St. Main 9080 Let us have your applications LOANS ON REAL ESTATE ‘ Action reatment record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. NW. First Mortgage Loam Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Over Third of a Century’s Ezxperience Possibly We Can Turn Loss Into Profit of management roperty—we give it the Eenofit of our special de- partment of trai tives—each one a detail and r it. You can understand what an advantage must result. B. F. SAUL LO. Main 2100—925 15th St. N.W. We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Dcpariment The Washington Loan and Trust Company 900 F Street 620 17th Street GUARANTEED 6% FIRST TRUST NOTES 3scured on mew Brick Homes in North- West Washington—Occupled by Owners. CAFRITZ 1016 14th St. THE IDEAL INVESTHENT Standard Collateral Trusteed Common Stock Slnru SHIP in Ofl leading Amertcan Corpprations, {hterest 10 tnvestizate. |{Standard Colhhrd Shuu Cor,. | Franklin 3788, First Mortgages Safe—Conservative 42 Years’ Experience mn finaneing homes and In the sale of these se: curities. Make your savings and surplus funds work for ydu at the highest-inter- est rate consistent with absolute safety. Wm H. Samders (In lu Main 1016 o & Ross, Inc || Chamn: vngersin: frote bt MORTGAGEBONDS FEATURE TRADING First and Second Grade Rails Are Prominent in Day’s Turnover. BY CHARLES ¥, SPEARE." | Special Dispateh to The Star. NEW YORK, haafl issues made a than convertibles, This fallows out mk, when more confident buying of first and second grade corporation securities has appeared in the market at the same time that a heavy tone in stocks has brought reaction to some of the leading convertibles. The best rallies have occurred in the first and second grade rails with 4 and 43 per cent coupons. It amounts to 111; to 21 points compared with the low level established around March 26. been such ln es as the new Chesa) & Ohio 4 4s and 1‘;!. 3, Union Pacific 4 souri Kansas Texas 4s, Can Pa- cific 4s, St. Plul t‘il, Erlo general ds, Great Northes dl. Missour! Pacific | Ca bs, Southern Pu c 4¢3 and Texas Pacific and Wabash 5s. The institutions have been the larg- est buyers, but generally at their own prices. The improvement in this sec- | tion of the market has checked institu- tional selling, although there are even |now some rather larged-sized blocks of | bonds in the street. A number of § per cent listed public utilities have | moved up as well as some of the un- |listed 4%s, There are remaining, however, quite & number of weak spots among the new offerings. This is reflected in the large number of qunc abrupt declines in prices last week in this group of un- digested bonds, which lncludu not only American corporation issues, but. the obligations of a wide range of foreign | governments and foreign eorporations. At the opening today railroad con- vertibles were favorably affected by the decision Saturday in the Chesapeake & Ohio case. Alleghany Corporation 5s |and Atchison 4!;s each advanced a |'point. Before midday both showed & | net decline of & point. At the same { time Anaconda Copper 7s were off $ | points and International Telephone 4145 | about 113 points. A new low price was reached on Cuba Cane Sugar 8s at a whieh they are supposed to be paid off | within nine months. The main event in the investment market today was the offering of $50,~ 000,000 City of Chicago 57« per cent and 6 per cent tax anticipation warrant notes to yield 5.60 per cent. - Maturities of these notes ranged from May 15, 11930, to December 15, 1930. The ex- pectation is that before the first of the notes fall due, money rates will be ma- terially lower and that the institution buying these tax-exempt notes at a net yield of better than 6'¢ per cent will profit more than if it kept its funds on call during a similar period. All United States Government issues today were strong. PARIS BOURSE PRICES. t~ PARIS, April 8 (#).—Prices improved on the Bourse today. Three pre cent rentes, 73 francs; 5 per cent loan, 99 francs 30 centim Exchange on Lon- don, 124 franes 21'; centimes. | dollar was quoted at 25 francs 5834 centimes. | Washington St.ock Exchange SALES. at 95. Che:llpfi’ke & Potomac Tel. 55—$1,000 a 3 Washington Gas 55—$500 at 100%. wuhmgwn Gas 6s “B"—8$1,000 at c:pslm ‘Traction Co—lo at 99%, 5 at Potomac Elec. 6% pld—! at 1115, ! Potomac Electric 512 % pfd.—5 at 107 Wn;hjnmn Rwy, & Electric pfd.—10 At rmm;m National Securities pfd —10 at iNu.tloml Mtge. & Investment pfd.—50 )Woodw-rd & Lothrop pfd.—10 at 110. ' AFTER CALL. Clpltal Traction Co.—4 at 99, 10 at uerunthller Linotype—10 at 1071%. clieumut. Farms Dairy 6'25—S$1, 000 at Bid and Asked Prices. BONDS. | PUBLIC UTILITY. | Amer. Tel. & Telgn. 4 | Amer. Telga. 4 | Tel il xR Anuomn & Pot. R. Pot. |u|r C :! P. Telephone | Tel. of Va. 58 | Eamieat Traction B MISCELLANEOUS. Barber 61 Chestnut Farms Dairy 6’z | Crevy Shase Club 3.3, ID. C. Mftg. 6s | Pot. Joul: stgg]kd l!dl Bk, > or. WAk ¥ Sale.Sors o STOCKS. PUBLIC UTILITY. El Wash. Rw. & Eice. pta NATIONAL BANK. TRUST COMPANIES: American Security & Trust Co. Merchants’ Un ates, | wn‘:fi‘mn!:n Mechanics’ American . an 'iremen's * National U | ‘Bn-ber Ross Ine. c Sotm 'uummll’!ll Dmrm m 1 !ecun nmfi.nt: 8.—Mortgage tter showing to- Au nd that has developed in the past ; A Conspicuous in the improvement hnvo B ‘The | RI Anacostia & Potomac R. R. 55—$1,000 - YHE EVENING STAR, WASHINGTON. D. U,” MONDAY," [ o BONDS o s Rocelved by Privele Wire UNITED STATES l IHO “tl li‘llo 4y ll7 lOI 12 lu 26 10810 863, 810726 1075 10728 FORNGN. Argentine s Ju n “ 9% 99 May ‘6 9% o 94 IB ln!u 8 185 ustria s, . w”‘t 99% % 104 11 107% 107% 15 105 104% 51 114% 1144 3 109% 109 llM 109% 12 9 93% 6 106% 106 Canada §8 1931..... & 100% 100% Culu. $91963. ..., 10 102% 102 192! 5 99% 99% i 100!6 9% 87% Greek 65 1968. Hungary T4%s. discount of 37 points from the figure ut M Milan 6 Montevideo Netherlands New So Wi New So Wal Nord 6343, l\:nr-uy 681963, 9. Norway §%8 19532, , Orient Dev 5345’57, n. Poland 8s. Porto Alegre Queensiand 7s.. Rhinelbe Un T...... 1 10244 RaineWst EP ‘l"ll 6, 90 5 934 3 100 Rio da Jan 85 n( : Rio GrDo Sol 6 Rio Gr Do 8ul %s. Wersaw 78’58 1 Yokohama §swi... 12 93 2% MISCELLANEOUS. Abram&Straus 6% 8 109% 109% Alleghany ev 65 w1332 103% AmAgriChem 7%, 4 104% Am Chain §s '3, 7 9 Am Int Cor % Am NatGas §48'43 AnSmit& R 1at Am Sugar Ref AmT&Teltr ds., AmT& Tecltrbs.. : Atlantic Refin 58, Bell Tei Pa 68 B. B Pa6s C. Bush Term Bldg Certain-Td! Tol Gas&E| fi.B Com Invest 514849 51 Cun Coal M4 13t 5 ConGas N Y 5% DetroitEdisonss: Detroit Edison 6i Duquesne 4 %567, East Cuba Sug 743 Fisk Rubber 8s. ... Gen Asphait 6536.. Gen Cable 6% "47. Gen Mot Ae . B0 Goodrich ¢ % 9 Humble O} 13 Humble O & H l“l- 16 [llinols Bal 1st §s,. 3 [llinois Steel 4%48., 5 fnland Stl 4%8°78. 8 intl Cement 6u48.. 8 intl Match 8 47... 10 nt Mer Marine8s. 1 Int Paper b8 47.... 1 Inter Pll;'lr 68..... int Te!&Teleg 4 %8 47 Int Tel&Tel 433 ev (59 Kan G & E 68 5. Kelly-Spring B Lackawanna Sti 5s. Laclede 58 Liggett & Nnu . Loew's Ine 8 Losw's 68 w 0 Wi Lorillaré (P) 1 Louisy G & lb:‘bl. Ep=ra=t ror deb ufi%ln 4%s. 106 3\«‘ 110 110 1005 1 : 102 l\fl!fi 101(( 101% 100% 100% 4 108K 104% IOIK oD g Ses i NoAm Bd § Nor Ohlo 'l‘ 99% |CR1Pacé¥%swi. | NY CASIL 4%a C.. Dh‘bfflt“@l. mucumn.. ¥ fi”fi'u \6 108 108 1 ll N% 'l‘ .lfi Sol l. 17 l"' lTl 0B% 93% 9M% 100 ” fl? 15 lll!‘ 101% “Zlfi 4 95% L] I\6 284 'a!‘ 14 93 9215 93 11 1024 102 102 “ nm IO! 102% 26% SugarEstOriente7s. l Ol ‘ll L 'l‘ruuolll Oll %9 B United Dru, USRubl 985 98% t 064y lbfllfi Utilities Powr § %! Vertientes Sug 7 Walworth 68 '45... Walworth 6%a'35. Warner Sug T8 41.. West Elec b Wests Unio Westa Union §%4s. . 5 3 4 ' ‘WinRepeatAr73s. 1 Yngstn S&T Eswi, 58 100% IAILIOAD. AtlanisCLel 0 B &0 Gold 4s. Brdway&7th Av Brooklyn Elec Brooklvn Elev Bkiyn Mannat Bklyn Un El s Bush Term con b Cll Nat4% 14 109% 9014 8ty 9% ChiMIISP&P; CMSP&Pacad;is0 Chi NW 4348 2037, Chi Rys b 4 Cllkl.l’r('l... 87 " Chi Union Sta 58 Chi Union Sta CaWIibWs Cubs Nor 643 et Del & Hud b%s. DHG‘WII'.'T. 21 Erieconv és A, 10 Erieconv s B Eriecvt b3 67 Krieconv ext 7, Erle & Jersey Erie (Fa) cit tr Fla East C s 1 Gr Trunk stdb Grt Northn 4 % Great Nor gen Hud & Man aj b8 Hud & Man ref ‘lu 10 11i Cent rer 4 1 Cent 4 %8 11l Central rf bs 56 111 Cant Chi 4 % Int Rapid Tran b Int Rap Tr b1 Int Rapld Tr Int Kap Trans Int&GitNor adj 68 Int Ry CA 6%sret. ' City Ft S ansas City 8 L le%l!W'... Man Ry 1514390, Mill El Ry&Lt 4 %8s Mil I Ry & L 68 61 Minn & StL ref 4 Minn & StL en b MSLP&SSM5s38 e el R n i~ tacunerraB~aRitrvonass aas Mo Pacific gen Mo Pac 58 A 6 Mo kac 5s F 77 Mob & Ohlo ¢%s 17, Nassau 1 45 b1, N ¥ Cent deb ¢s. NYCrfim4is NYCentrtés. N Y Centdeb$s..., NYChi&StL b}4sA. NYChi&StL 6%w B. NYCaStLésa.. NY NH&H db 7. NYNH&H%s.. NY NH&H cvdb 63 N Y Rys e NYRys6sAG65,,.. NYStateRy 6%5 62. NYW&B4%s ... Nor& S gen 53 5 | Nor pae 3s 2047, Northern Pacifie | Nor Pac 4148 2047 { Nustbern Pacr 16 néSnort Lrts Ore Wa Pennsyl gen ¢ | Penna R K 4% 63, 33 nnsyl gen 6s. Pennsyl bs 6 Penusyl 6'4s. Pannsyl gold i Mar 1st 4 Pere Marg 1st PCC&StLSs PCC&SBLL 68 B 75. Portland BI P L 6s. 15 Heading gen 4%8 A 3 RioG W 3 Rio G West el RIATk& L4%s St L IM&S 48 20 STl IM&S xn 5831, 57 {50 L IM&S 114G 48, 16 SIL&SFplenA. & IStL&SFrews T8 125 SIL&RSFprinks. 7 StLs Weondsdd, 3 »® Er=re-1 2 S l}l‘fi IL% l I‘O 119% 119 119 102% 102% 102% 09% - 99% 99Y 62 b3 60 50 b1 9254 92% 92N 8618 !Mfi 4615 88 88 860, 15 1977 2 0 1 96% 102% z‘“ lMl lOfl l”" ~’ 788 8% 1“‘!;!61! Sl STOCK PRIGE INDEX SLIGHTLY HIGHER Volume of Trading Less for Week-—Speculative Issues Show Gains. By the Assgciated Press. NEW HAVEN, Conn., April 8—Com- mon industrial shares registered a |°Tege 86% | TennElecPaw 68 47, l 105% 104% 105% | Slght gain last week on the New York mmwnh-numvumc. gain, m?' and motors fairly advances, The Standards of New York and New Jersey falled to ad- vance with others | of the olls. Bethle- hel\. Unlted !uteu lhowi l' nmon( .'?l‘ lhowed :le- Truek Srving Fisher, slightly hluhu. f these groups began the wu&!ov last wnk' nlue but gained steadily through Pri- day. Xil of the copper stocks declined, | ey with losses of from four to nine points not unusual. Five-point declines were common in the stores group. The ralls showed some strength toward the end of the week. The index of 50 market leaders in volume of trading showed a decline. Speculative Issues Strongest. ‘The more speculative stocks showed the largest rise in price among the graded industrials. Slight gains were ;shown by the first and second grade stocks. Below are shown index numbers of prices of common industrials en the Mortgages Investments JAMES Y, PENNEBAKER Main 5328 1520 K St. N.W.. $: ,000 per day; for all stocks bined the lveun por “fiym ‘was $371, m - 000. ‘The ‘week before s | were “05 000 oon rr a-y for I.nd\umnh dei or all stocks. heavy trading with a 22 per cent over the week before. Steel trading was umlvely heavier than the other ps, off unly about 18 per cent from th week before. Foreign Stock Prices. Index numben of stock prices ‘on Elnclp;l pean exchanges are given the mnom table, The 1926 aver- - ¢ is 100 for Prance and Germany, the second week of October, lfl.. i 100 for England. England. Prance. Germ'y. g 1789 1732 1768 178.1 1 3 76 5 W:tkmnn - : SEESIRERS . avwdwnoas Snonsvssama gfi;ss:ssss: 100 (Copyright, 1929, py ‘Trving Fisher,) Baltimore Gnin Exports, BALTIMORE, April 8 (Special).— Grain exports last week, up:epo:zed by the mmlme Exchange, were 102,983 bushels of wheat and 10,300 of bnley Buck & Company Stocks Bonds Grain Cotton Write or call for weekly mar] o antigationy uriet letter BUCK AND COMPANY Eval 1420 Nul Yolfh' Ave, 7300 National Mortgage and Investment Corporation Capital $3,000,000 This Corporation Offers For Sale Notes Secured by % First Deed of Trust On Distriet of Columbia Real Estate These notes are absolutely safe investments and are fully guaranteed l_vz t_l_:_ig 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. 5833 FINK NCIKW! muo m DULL. CHICAGO, Apri) 8 (P.~—(U, 8. De- First Mortgage Notes Secured on Income- Producing Properties in the District of Columbia and Nearby Maryland District National Securities Corp, Suite 303-307 Telephone Main 2994 Distriet National Bank Building Mortgage Loans Ready money for construction and refinancing. Applications con- fidential and promptly consid- ered. Low rate of interest and commission. B. F. Saul Co. M. 2100 925 15th St. Our businessis to help increase your business by creating and pro- ducing printed matter A Better Loan on Your Home The Metropolitan Life Insurance Company Real Estate Loan Plan No Commission Charges & No Renewal Charges Fifteen-Year Term CONSULT EAVER BROS W REALTORS 809—15th St. N.W. Main 9436 Mortgage Loan Correspondent Metropolitan Life Insurance Company “A friend suggests Cities Service Common. What is your opinion ?” And the expert recommended its purchase for investment ITIES SERVICE securities are recommended daily by financial writers, bankers and experienced investors. In the clipping reproduced, the financial expert recom- mends the purchase of Cities Service Common stock fo hold, The advisability of buying Cities Service Common stock and holding it for investment has been amply demon. strated by the experience of investors in the past. For , instance, an investment of $2,000]in this stock at the date of its issuance, January 1, 1911, would now be worth, if all stock dividends had been held, about $47,000. These holdings,on the basis of the present yield of about 7%, would provide a yearly income of about $3,400 in cash and stock—much more than the entire original investment. : Why W’whymtddlqu towotkin 800,000,000 organization v i.uwdd.vaed.gf $100,000,000 in cash or securities to owners of its ' Common stock. HENRY L. DOHERTY & COMPANY Boutham Bundlng Fiscal agonts for Cities Servics Company Wlahlnmn D.C.