Evening Star Newspaper, April 29, 1929, Page 13

FINANCIA Money to Loan b T Joseph I. Weller 1 estate. b "‘t‘mn Was Blde., 9th & F N.W. We Buy and Sell Liberty Bonds “Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street We Recommend— Spencer Trask Fund, Ine. at the market Circular on Request Irving & Johnston Woodward Bldg. Main 8973 ondents Members f Spencer Wash, Stock Trak’d Co. Ezchange Secured by First Mortgages Safe—Conservativi Make your savi o 42 Years’ and surplus funds 3 work for vou as EXperience the highest-inter- itn finanel ‘o8t rate consistent with absolute safety. eufltlu Wm. H. Saunders Co, Inc. REALTORS Main 1016 1433 K ternational Paper and Power Company Boston, April 17, 1890, &M n&lg m:u‘"‘m um- 3| W iare, ! fnly Sompany, gm‘:ble May l:l'h» nn.m 1 close of busi . of o aleh“w be mailed. Tra: !er books will R._G _LADD. GUARANTEED 6% First Trust Notes Assistant _Treasurer. Secured on Imprvoved District of Columbia Real Estate National Mortgage & Inv. Corp. Investigate Qur First Mortgage Service 1004 Vermont Ave. Main 5833 Complete Investment Service ‘Greeer & Co. BANKERS INVESTMENT BUILDING ‘WASHINGTON, D.C. Telephone, Main 2460 the blindfold test when you buy tires. You can buy risk or safety. Try Hoods for peace of mind at any speed. HIGH-GRADE BONDS Market Displays Unusual Firmness Despite Tightness in Credit Situation, BY CHARLES F. SPEARE. Spectal Dispatch to The St NEW YORK, April 29.—The 12 per | cent renewal rate for call money today bonds, including Government and cor- pgn:lun issues, but 1t had an indirect effect on the convertible up, owing to the weakness in sAmn':ot l1’nmrvlls during the session. Most of these bonds went off on small transactions. ~ Anaconda Copper 178 dropped nearly 7 points and Public Ser- vice of New Jersey 428 about 4 points on nominal sales. On a slightly larger volume of business, International Tele- phone 415s lost a point, Colon Ofl 6s were off 3; and Alleghany Corpora- tion 58 sold under 102. In contrast with the action of this list of speculative bonds was that of the new American I. G. Chemical 51z, at 99 compared with Saturday’s clos- 1:;} of 9714 and Friday's subscrlpuon ce of 95. A heavy volume of trading was done in them throughout the day with & decline of a point before noon from the first quotation and then an irregular movement. _Other _strong York Railway income 6s and Hudson Manhattan income 5s. A number of the junior rails reacted | from their recent advance, among them Erie refunding 5s, St. Paul adjustment 5s, Missouri Pacific 4s, New Haven and Frisco 4l2s. The Seaboard Air Line bonds were heavy, with the consoli uon 6s and the Florida division 6s at ically their low of the year. Flor- ldl Fast Coast 5s rallied & point. causing the liquidation of small blooks of German municipal and state obli- | gations as well as those of the mort- gage banks, The last-named long-term issues are now at the lowest of the year. Other weak listed German bonds re- cently have been Bavarian state 6ls, Cologne 6198, German General Clectric 6los and 6s, Leipzig 7s, Rhineelbe Union 7s and Rhine Wesphalia Electric Power 6s, Saxon State Mortgage 7s and Saxon Public Works 7s. In the outside market, Berlin City Electric 6s, Electric Power of Germany 6 German Con- solidated Municipal 6s, Hamburg Rail- way 518, Hanover Province, 6158, Mans- field 7s, Prussian 6s and East Prussian Bank 6s are all lower. Italian, Norwegian, French, Brazilian and Peruvian government and municl- al bonds were steady today. A new ue of $10,000 Cuban bonds is shortly to be issued. Tomorrow $7,000,000 two- year 55 per cent notes of a subsidiary of the Commonwealth Power Co. of Chi- cago are to be offered on a 6.30 basis. Washington sfock Exchange SALES. ‘Washington Gas 6s “A"—8$1,000 at 103. Potomac Electric 514 % pfd—5 at 107%. District National Bank—4 at 235. Chevy Chase Dairy pfd.—S5 at 106%5. Me?fgfi:ler Linotype—10 at 107's, 20 a %, AFTER CALL. ‘ashington Rwy, & Elec. 4s—8$1,000 at 863, $4,000 at 86%;. Was| Gas ba—-—ll 000 at 100%, $2,000 at 100%4. Capital Traction 55—8$1,000 at 9914, Washington Gas 59—.500 n 100%4. UNLISTED Chapin-Sacks 8% pfd.—m at 107, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Telga. 4% L,m“ mg. G Asked. 0 cg & Tel. of Va, pital Traction R. R. 88 City & Suburban 58 Georgetown Gas 1 Potomac Elec. 18t Potomac Elec. cons. Potomac Elec. 6s 1 yasn. glex &M ‘Washin 0. Title Co"fa - STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel c-mm Tragtion Bteami jorfolk Wllh Lomac Ilee e pid. . tomac Elec. 5‘ % pld Wa é-y . ‘wl wy. & Elec. pid NATIONAL BANK. National Capital. lumbis Becong National Bank of ‘TRUST COMPANY. American Security & Trust Co.. Union Trust. Wash. Loan & Trust.. nvnlos BANK. Bank of Seventd 8t United States Washington Me: FIRE INSURANCE. American Corcoran Firemen National Union... TITLE INSURANCE. Columbia_Title. Real Estate Titie, o Title & Inv. T b Iy Ohdd B MISCELLANEOU! Barber & Ross, Inc., co ggf“lnd & Duve{ Commercial Nations D. C. Paper Mfs. pfd Dist. Natl Fede Federal-American CO. Federal-American_Dfd. Lanston Monotype . Mer: Trans. & Bior Merchanie: Tran. & Btor Mergenthaler Linotype. Nat'l Mtge. & Inv. pfd. Peoples Drug Stores pfd . & Guar. pfd *Ex-dividend. Woman Workers at Night Jobs. There are many excellent arguments in favor of the passage of laws prohibit- ing women from holding positions which compel them to work at night, but in this country there are but 16 States which have this provision in the code of laws. In several of these States the Jaw is limited to such a degree as to be almost ineffective, referring to a few trades, but on the other hand, many of the countries of Europe have very effective laws on_this subject. Thirty- six countries of Europe and Asia have very complete laws to prevent women working at the industries at night. Night work is much more fatiguing than the same labor performed during the daytime, and the woman night worker 18 usually responsible for some considerable amount of domestic labor in mnoc tion with the opermwn of the her physique somewhat ovemmz WELL SUPPORTED which started with a block of l250.000.‘ issues were Mercantile Marine 6s, New | Cuba THE EVENING STAR, WASHINGTON, - BONDS o ) Received by “Private Wire Direct to The Star Office ON NEW YORK UNITED lTAT!l Lib 18t 41 Lib un % los us3 4) 110828 FOREIGN. Argentine 8s Ju Argentine May Argentine 6s Oo! 5% made little impression on high grade ,, » EPRBANN I ADRREPIROBNS 0.5 BT OR a0 e Belgium 78 19| Belgium 7%8 Belgium §s.... Bolivia 78 ct '69 Bordeaux Brazil 6%s 1926. Brasil 6381937 Chile 78 1943..4 Colombia 6s Ja! Con Pow Japan 78 Cnmnhnnn 1%8 53 Cnello 88 1051, Denmark 4 %s Denmark b3, '55. DE15%s Mch 63.: DEI5%sNovs3.. Dutch East 1 Dutch East El Salvador Flat 78 x wa Finland 8 ¢ 684 The critical situation in Germany is | Fi Greek 851968 [taly 7s.. Norway 6s 1944 Norway 6145 19532 Orient Dev 5 %8 '67. Paris-Ly-Med Poland 7s (rcts) Poland 8s. . land 6. Rhinelbe Un 7 RhineWst EP 65’53 RhineWst EP 8363 RhineWst EP 78'50 Rio 48 Janeiro 648 Rio de Jan 8a 1944, Rio GrDo Sol MISCELLANEOUS, 4 8 }gwa 1 Am Chain 6s'33 974 Am Chem 548 cv‘moaa 99 Armour Del $}48... Atl Gult B 51 Bell Tei Pa Beth Steel 58 Bethlehem B Bkiyn Edison Bush Term Bldg Certain-Tdb % srets Chile Cop! Colon O11 68 '3 Col Gas&FEl deb Com Invest 635 '49 * | Com Invest 6s 48 ConGas N ¥ 6%, Consumers Pow b: Goodrich & -+ | Goodyear bsrets... 81 94 24 100% 5 1014 Humble OIl bs. Humble O & R 5%4s. lilinols BQHII:I 5 108 18 108% ue is " Skelly O11 & % 122% 110 9313 104% 101% Kelly-Spring 8s. Kendall 648’48 war Laclede G b%s 63.. Ligget&Myersbsbl, 4 b Lorillard 6%s. Louisv G & k68 H. ManatiSug st 1% Midvale Steel 5 1064 110 100 100% 100% 102 101% 103% 107 984 Philips Petro 6% Plerce-Arrow 8 Plerce Oil aeb 8s Postal Tel & C l%l, Public Service 4 %8 Punta Ale Rem Rnd 6%s war. Sinclair O11 6 Sinclair O1l 6%8. Sinclair 011 7 Sinclair Cru n Pipe Lin 24k 04w South Bell 7102 102 Sales. High. Low. Close. 13 89 92% 99! Sales. 8o Por Rico Sug 7s. Southwest Bell 6! Stand O11 NJ bs. Staad OIN Y 4% SugarEstOrientes. Tenn Copper 68 B4 | TennElecPow 88 ¢ 41 Transcontl OY United Drug 68 53 Wiison & Co 18t 4 | WinRepeatAr 1 Tngstn S&T 6s wi. Atchison adj ¢s Atchison gen 48 At] & Dan 1St 48 43, Atlantio C L 4%s 64 B & O Gold Buft R & Pitt 4% Can Nat 43%s 30 Canada Natl4}48'68 Canad North 7 Canad Pac deb Central of Ga Chi & Alt 3348 ctfs. CB&QINSKHS...o ChiM&StP4 VnC“. ChiMIISP&Pac5876. CMSP&Pacadiss0d. Chi Un Sta 4% Chi Union Sta Ing Rap Tr bs Int Rapid T Int Kap Trans 7 Int&GtNor ad) 6s 63 Int Ry CAm 68 41., Int Ry CA 6%sret. Kan City Term MILEI Ry & L8s sl 14 | Minn & StL ref 4s. . 106% | 110 100 100% 100% 102 101% 103% 94 182% 7 23% 4% 10! MStP&SSM. MK&TIist4 MK&Tds Mo Kan&T ¢%8'18 MK & T ad)j b . MK&TprinbsA. Mont Trm ref 58 41. NOTex&M 4%8 § N Y Cent N!Cr“m.“ N Y Centrt5 NYChi&StL 6%8A. NYChi&StL 5%y B, New Haven 3348 64. Y N Y State Ry 4 Norfolk & W en Northern Pacr | 6s. Ore Short L 5s gtd.. Pennsy| con 4% Pers Mar 1st 4s Philippine RR L 6s B Rio G West cl 4 |StL IMAS 4s StL IM&S gn ISB All Fll llll A. Sou Pac 4s 29 . Sou Pacelt 4 Sou Pacific ref 4s. Sou Pac 4% wi ‘64, Sou o ¢ s rets. Sou Ry gen 1 Sou Ry Con Sou Ry 68 5 Sou Ry 6%s. Sou Ry Mo & O 4 Tex & Pac 8B 1977 Third Ave adj bs. .. Tol St L& W 48 60. Tol Tr L&P 5%s 30. Ulstr&Del 68° ta Unton Pag 1st 4 Union Pacifie ——t PPRSIUP A =3 P S 3 RAILROAD 9 Atch deb 44848, . m;. L] pryoy - PR M ORRNIR— T A Do R RPN BB A I RA NG e A CABRLBIR B BBD BN L e TSRS 134 - o= b1 s BorroaBiBoa moam~ROASs~ T T B ae-uohonTain Cerare virginia Rv 18t bs. i VaRy&P6s Low. Close. 1054 103 DI'A 112% 69 % 93 T 101% 101% 1085 914 102% 06% T4 914 91% 94% 89 89% D 0, TRADING IS BRISK. - Dealers Offer Attractive Dis- play of Fruits, Meats and Vegetables. Dealers this morning had attractive displays of all commodities to interest retailers. The latter were not out in large enough numbers to make the buying brisk, however, Monday morning trading usually being slow. Pruits and vegetables along the whole- sale line on B street proved especially attractive, xuppfle; 1nclud!nl almost every variety of fruits and vegetables found here at any season. Watermelons | proved the exception. Egg Receipts Smaller. Nearby growers supplied fairly large quantities of Spring vegetables from their farms and truck gardens, and ad- ditional and larger quantities are ex- ted tomorrow, not many vegetables vlm; been gathered yesterday. gl. of smaller qummm of e&n v-u reflected in prices quoted morning, current receipts, quoted at 26 last week, advancing to 27 cents. Hen- nery stock sold at 30 and 31, while fresh selected stock sold at 20 and 30. Prices may decrease before the last of the week, a dealer suggested, the in- crease today resulting from shorter sup- plies the past two days. Dealers say the change may be temporary, although they anticipate there will be no de- cided decrease in prices lglln this sea- son. A fraction of a cent decrease in but- ter prices was reported this morning. ‘There were practically no other changes prices reported, today's prices of other commodities being the same as prices quoted Saturday. Today's Wholesale Prices—Jobbers’ Prices !Il;htly Higher. Butter — One-pound prints, 46a47; tub, 4515a486; store d, 30831, Eggs—Hennery, 28a! fresh selected, 20a30; current receipts, 27. Poultry, alive—Turkeys, 35; Winter chickens, 42a45; 8pring chickens, 45a50; fowls, 32a34; Leghorns, 30a32; roosters, 22; ducks, 26; keats, young, 5; old, 35a40. Dmua— ter chickens, 45 g'pnnl chickens, ns, 80a55; fowls, 36a38; 35; ca- small, mn; ducks, led—Beef, 22424; veal, 23a26; lamb, 30a32; pork loins, 33a34; fresh hams, 26: fresh shoulders, $moked hams, 28; smoked shoulders, 17; bacon, 22; lard, in bulk, 14; in mk- ages, 1473815, “lee stock—Calves, 16; Spring lambes, Frult and Vegetable Review, ‘The daily market report on fruits and vegetables (compiled by the Mar- ket News Service Bureau of Agricultural Economics) ';yb:l it Afim—!u t; demand light, market steady; barrels, Virginia, \;!s. No. 1, 2% inches up, wmeups 6.50; U. S. No. 1, 2 14 inches up, Winesa) pa,nn uality and eoadmon. bumoo boxes, ashington extra fanc 83.26; small sise, 2. T kets, Virgin| 3 inchu. Yellow Nemm mostly 1 Asp.ngus——supplla liberal; demand moderate, market about steady; Mary- | to dozen bunch crates, neen. lure mostly 38.50; medium size, 003.00; South Carolina, Hartaville sectlfln, dozen-bunch crates, green, large af 4.00a4.50; medium llu, 3.00; small me. 2. ‘Cabbage—Supplies llben.l dgmnd u,m market amdy. h Carolina, 2-bushel hampers, pod.nufl type, 1. 15 few, 1.25, Célery—Supplies light; demand mod- erate, market slightly s ; Florids, 10-inch _crates, individually washed and around Lettuce—Supplies moderate; damund light, market weaker; Arizona, Ioeberg 4-5 dogen, uousn, 6- dozen, Iy $6.00; North Carolina, 5- Feek rs, Big Boston type, som ir quality, le‘ty. Onions—8Supplies 581.00. it; demand light, market about M”‘:n stock, -ri%.f. standard mu& yellow Bermud mixed, No. 1 No. 2, 1.85a1.90; {ev Potatoes—Old supplies mod- erate; demand u;m. market steady; Michigan, 150-pound sacks, Russet Ru- rals, U. 8, No. 1, 2.25; new lwcl. sup~ lies moderate; m P wfi» steady; ’lfl!ldlv Spaul Rose, U. B. ND. 1, 7.28. Spinach—Trucked-in stock supplying market. Strawberr! mand ugmm’m North Cato- Caror ina, 32-quart craf wide range ;mea noo-uo !ew 4.00; fair quality, 2.50; ‘Tomatoes—Supp! mand light, market steady; Florida, 6s, green, ripes and turning, wrapped, mm count, mostly 6.00; choice count, 4. 5.00; fair quality, hncy count, 1.BM choice count, 3.00a3.50; nu h Btring beans—sSup] d mod!tl'g mar} otm Horldl. rs, green, flat type, 2‘0‘2 ‘Io. roun fancy, 3.00a3.25; Geor- lll' "fi-hu‘he 2508 | to ham) flat ) South cnnllfi’:f" Whevnmpen. demand n, round and flat, 3.00a3.50. modente, ‘market steady: North Caro- ‘”;eu Bupplies moderate; pers, 2.25a2.50; bushel ATD. C. MARKET land, Eastern Shore and neln-u. slaughter +1,00a | 800d MONDAY, APRIL 29, 1929. Bouth Carolina, ~| bushel hnnpers. 1.2681.75. Peppers—Si l.le- mumw demand moderate, mar] fl!- per crates, tln:y 4 0. Eggplant — Supplies th demand | ugm. market firm; Florida crates, fancy, large size, 4.5 mostly 4.80. Cucumbers—Supplies moderate; de- m d. moderate, mnrkec slightly weak- Florida, 7-bushel hampers, fancy, :oouon choice, 2.50a3.50. BeeM—Suppues light; demand light, market steady; Texas, Western lettuce crates, bunched, fair quality and con- dition, 2.50. Clmt&—fi\lpp“!fl moderate; demand moderate, market firm; Texas, Western lettuce crates, bunched, 3.00a3.25. Oranges — Supplies modera de- mand moderate, market about steady: rlorldl. boxes, No. 1, medium size, 3.50 Onpefmlt——Sup lies moderate; de- mand light, market steady; Florid: n, boxes, No. 1, medium size, 3.50; No. 2 medium size, 3.00. Special Dispatch to The Star. NEW HAVEN, Conn., April 20.—The senem commodity price level held last week, thanks largely to seasonal influ- ences which brou.hc sufficient price advances among specific groups of com- modities to offset the influences of money and credit conditions which are operating toward further price depres- sion. European prices are reflecting simi- lar conditions in their tendency toward a slightly lower level, Thus far the credit policy of the Federal Reserve Board appears to be exercising quite as persistent an effect upon the gen- eral commodity price level as upon security prices, Fluctuations in the general wholesale price level and in the purchasing power of the dollar are given below or the United States for various periods, based mainly on Dun's quotations. The average for the year 1926 is the base T Whole- Purchasing sale er; cts, Bepatture from 1026. w.'\'plf-nl"flfd* April 19 (A% =K Ak oo mmes ) |+ Forelgn Commodity Prices. Cable ts from abroad indicate the following European wholeule move- ments: nln-lwu England, France, Italy. CHICAGO, April 29 (@ S tes Department of mtm!mre u Mpu 60,000 head, choie 200-250 pound!. 16 pouna 11.10a11.65; packing sows, 10.00a10.60; pl di to cholu, n-m a1l n%a mmpu 17000 head; calves, B, menuy steady trade; lumy a ~between earl top 14.90; bulls 108 hef. up . 10.50 'nn ‘weighty uuuums lll 55 choice, 1m-1 500 uwd.l. 1 1,100-1,300 W“nd.v 13.50814.90; 1,100 pounds, 13.7518. medium, 850 'pounds fed yearlings, good and pounds, naonaoo nmm holce, 830 pounds flow‘n. common and medium, 9. and choice, 97“1200. eomnon 89.7! ter and (beef), 10.35811.50; v (milk good and choice, 14.0016. DO‘ medium n, 4.0084.50; 6-doen, g’funa'-wgémomi.. crates, mostly | 11.00 Bheep—Receipts, 15,000 opening week to 25 lower; some bids down; California Spring lambs unsold. Pollowtnl prices wu onl! mbs, and choice, poun: down, 14.75816.00; medium, ll 25.1600 cull and common, 11.00a14.28; medium to choice, 924100 pounds, 13,7816, ewes, medium to choice, 150 po\mds f"" 00810.00; cull and ecommon, MARYLAND TOBACCO SALES. BALTIMORE, April 20 (S| ) - Both receipts mdp‘:nu of mnd leat wm cm'od large in- the former total to good new and old crop, suitable for cmrma purposes, are bringing accumulation of common and nonde- wrl t grades of which this 1928 crop a very large percentage. Qununons wd.ly for Maryland leaf tol nds: Inferior, 6.00a 7.00; frosted, 3.00a4. and green: X lo.mmaoo; medium, 26. fine red, 41.00250.00; fmey. .Ofl 51.00; seconds, common to good ct mon, 6.00415.00; medium, uoonx oo. seconds, o fine, 24.00038.00; up- country, burley, nominal; ground jeaves, 3.00835.00. off more; shorn lambs, 15.40a18.65; no | ‘some | Wool akins sold; fat wooled ewes, 11.00 FIRST MORTGAGE BOND COUPONS— Cash or Deposit them like Checks. Every dollar you invest in First Mortgage Bonds is secured by mefully selected, modern, income.producing city pr and protected by safeguards developed by The F. H. Smith Company through 56 years of experience. These 6'4% First Mortgage Bonds are issued in convenient denominations of $100, $500 and $1,000; interest coupons are payable semi-annually. We also offer other types of securities which in many instances earn higher returns. Send in your name on form below for descriptive cires- lars and latest book, 56 Years of Investment Service.” THE F. H.SMITH CoO. Investment Securities—Founded 1873 Smith Building Washington, D. C. (815 - 15th Street, N.W.— Main 6460) Branch Offices in— New York — and Other Cities NAME... ADDRESS 100vssensseennccsanssssssosstcscnnsosnsssnee OCCUPATION tucverecusecnvassesisrnnssscnscnsee $7e1 B T P TP P TR P L TP P PP P PP POy For a Safe Investment REAL ESTATE NOTES Secured by High-Class Improved Properties Competent Appraisals 6% Interest Consult WEAYE.R BROS REALTORS 809 15th St. N.W. Main 9486 4 Complete Investment end Brokerage Service Copy of our "Fortwightly Review” furnished om request G. M."P. MURPHY & CO. Members of New York Stock Ezchange 1508 H Street Connecticut at K WASHINGTON, D. C. Telephone Main 9600 New York Philadelphia Richmond Private Wires and Telephone to New York National Savings Ee' Trust Co. 63d Oldest Savings Institution in the District of Columbia Year Cor. 15th and New York Ave. About One in Every Ten Washingtonians Here fiConclusive evidence that this sixty-three-year- old institution provides SERVICE and SECUR- ITY in fullest measure. fiCould you desire a better custodian for your PAYDAY Account than a bank which over 50,400 depositors endorse? Open Until s Rt & 5:30 P.M. April 30th, o Luve May 1st and 2nd Accounts Capital & Surplus $3,500,000 Tin Can Fortunes Butte, Montana, was a roaring min- ing camp in the early 80’s when a policeman named Ledford noticed that tin cans thrown into water pumped out of copper mines gradu- ally disappeared. Underneath was a brown sludge. Ledford had it analyzed; then he quickly got “water rights” on all the streams. He threw old rails, tin cans, scrap iron of every sort into the water; and he made a fortune out of his simple discovery that water will “trade” the valuable copper it holds in solution for the iron in old tin cans. The discovery that the best place for savings is in a safe investment has made fortunes for many inves- tors in. Washington—they have bought the 6% First Mortgage Notes offered through Swartzell, Rheem & Hensey Company, and their investment, backed by our record of SIXTY YEARS WITH- OUT LOSS TO AN INVESTOR, has given them assured income through good times and bad. SWARTZELL, RHEEM & HENSEY CO MORTGAGE BANKE?. S 727 15 STREET N.W. / WASHINGTON D.C.