Evening Star Newspaper, May 10, 1929, Page 15

STAR, WASHINGTON, D. C., FRIDAY,” MAY 10, 1929.° FINANCIADL.Y Low. Close. 95% 99 7% 56% THE EVENING [ v BONDS ossena] FINANCIAL CONVERTIBLE BOND LIST SHOWS GAIN “High-Grade Mortgage Issues Fail to Respond to 1 areemtme s 300 3% 5 fl¢ e Argentine May ‘61, 24 9915 99 99% Argentine 68 Uct 59 95 99% __BY CHARLES F. SPEARE. Argentine 5%8 '62.. Bpecial Dispatch to The St NEW YORK, May 10—A temporary muproverent in the call money situa- | SR tion Was reflected in convertible bonds 13 100% 10214 1021 today, but not in high-grade mortgage 1 95% 95% 9au fsues. The latter have lost halt of | Gankof Chile§Xa. 8 98t 98 ° o8y e AV s rard | Belgium 6s L 5L 100 99'% 100 ::v Z,f;?; 2,,:;“( took place toward | 08 um ¢35 6 104% 1041 104% Eelgium 78 1956... 7% 107% Foreign issues were steadier in re- | Belgium 78 1956. 105 Tl%s “ sponse to the more optimistic dispatches | Belgium 2 by e this afternoon i{rom Paris, where the |Belgium 8s 3 1083 108% 108 representatives of the powers were | Bollvia 75 ct '69.... 12 874 "r;z “»"{ again in conference over the reparations | Bolivia 8s 4 102 2 S settlement. Bordeaur 6 7 99% 994 99% An early rise of 2 points carried In- | Brazil 6% 2% rnational Telephone 41 up to 130, pBrazil 6% 0 a fraction of the week’s high- | Braz!l 7 st. Subsequently they lost nearly all of their gain and then became sirong | again. American I. G. Chemical 5155 »ve 103, and there were advances g from 4 to 3, in American In- ternational 51,s, Atchison 4'»s and American Telephone & Telegraph 4!.s. Missouri Pacific 5'zs were slightly higher, as were Remington Rand 515s. Jnited States Government issues steadied up after a substantial reaction this week. First Mortgage 4 per cent legal rails were heavy. Some of the new 41,5 were off nd Chesapeake & Ohio 415 lost neari There hias been considerable selling the last few days of Armour & Co. first 4!5s which were today below 90 for the first time this year. Duquesne Light 415s rallied from an ‘abrupt decline yesterday \ from 100 to 98%;. Pacific Gas & Elec~ tric 55 rose 112 points. The changes in the foreign list were small, for while the news was more cheerful there have been so many sud- den breaks in negotiations that investors prefer to pay higher prices when an actual settlement is reached rather than trade on possibilitics. Qn the whole South American issues were firmer than European. The City of Chicago issue of about 9,000,000 4 per cent bonds, offered to- day from a yield of 4.90 per cent for the 1931 maturities to 4.25 per cent for the bonds running off from 1940 to 1947, were in good demand. They are Jegal In New York, Massachusetts, Con- necticut, Illinois and other States. Philadelphia will sell $10,000,000 of 41%s early in June. The St. Paul issue of $8,370,000 5 per cent equipment trust certificates was offercd on a 5% per cent basis for the one-year maturities and on slightly bet- tor than 5 per cent basis for the longest bonds. POTATO MARKET STEADY. CHICAGO, May 10 (#) (United States Department of Agriculture).—Potatoes— Receipts, 118 cars, on track, 70 new, 279 ol v stock trading fair, market steady: Alabama sacked Bliss Triumphs, 4.00a425; Louis'ana sacked Bliss Tri- umphs, 3.7524.10; old stock trading slow, market steady on Russets, others dull: Wisconsin sacked round whites, 75a90: Minnesota and North Dakota sacked round whites, 75a80. Washington Stock Exchange SALES. ‘Washington Gas 55—$500 at 9915, Capital Traction 5s—$2.000 n 97, $500 at 9714, $500 at 97'4. ‘Washington Gas 6s “A”—$200 at 10215, Barber & Ross 6':5—$5,000 at 95%%. Capital Traction Co—10 at 97, 5 at 9635, 8 at 9635, 20 at 9615. Potomac Electric 67 pid—l at 112%, 5 at 113, 4 at 113. ‘Washington Gas Light—10 at 10814, Wathmgwn Rwy. & Elec. pfd.—10 at SE SR Sales. High. Tex & Pac 6sB 1977 69 Tex & Pac 5 C'79. 9714 Thira Ave ref 4s 60. Third Ave 1st 5s. Third Ave adj 6s. Tol St L & W 4s 50. Union Pac 1st 4s. .. Union Pac 1st rf 4s. Union Pacific 45 '68 Va Ry & P 5s. Wabash 1st b8 Wabash 5s'76 B. 98 Wabash 51 102% Western Pacific 1 99 West Shore 48'61.. 5 88 Wis Cent gn 48’4 17 EARNINGS REPORTED. NEW YORK, May 10 (#).—New Jer- sey Zinc Co. reports first quarter net income of $2,026,934, against $1,649,027 in the corresponding period of 1928, equivalent to $4.13 a share on the com- mon, compared with $4.07 in the pre- ceding_quarter and $3.36 in the first quarter of 1928 H National Family Stores, Inc., reportedl‘ today that sales for the first qusrter of the fiscal year, beginning February 1, increased 330 per cent over the corre- | sponding period of last year. The total was $1,484,512, compared with $344,870 a year ago. Operations for the recent period, however, include sales of the Hoyle & Rarick and W.T.&E.J. Far- ley chains, acquired in the last seven months. The Grand Union Co., holding can- cern for several tea, grocery and dairy products chains, reports store sales of $2,417,159 for the four weeks ended April 27, compared with $2,011,642 in the same period of 1928. NEW Received by Private Wire Direct to The Star Office = " Swarnaniinne Close. 100% 90% 101 93% 04 200 . High. Low. 100 90 100% 93% 94 200 98% 931 99 100 102 95 93% 102% 103% 101 96% 90% 104% UNITED STATES. (Sales are in $1,000.) Sales. High. Low. 984 99 16 9917 9716 9718 104 20 Phila & Read Close | I’hilips Petro & 98 4 9917 99 20 9716 9724 105 900,000 Class *“A” SHARES MERCHANTS & TRADERS BANCSHARES e CORPORATION s Nur Empire Trust Company Liberty National Bank New York 2 CAPITAL STOCK 12 9814 9917 99 23 97 16 US3%s47. 11 9724 US4s1944. 46 105 FOREIGN. RemingtonAr 6s 32, Rem Rnd 6 | Sinclair O Sinciair O1l 6% Sinclair O1l 18! Sinolair Crude 6348 Sin Pipe Line b South Bell Tel 68 i Southwest Bell bs. . Stand Ofl N J 68 46. Stand OLIN Y 4%s. SugurEstOriente7s. Tenn Cop 65 B '44. . TennilecPow 68 47 Transcontl Ofl 6%s United Drug 68 63.. U 'S Rub 1strf 68 U S Rub 7% USSteelsfbs.... Utah Pow & Lt 6s. . Utlilities Powr 6%s Vertientes Sug 7s.. Walworth 6s "45. Walworth 634335, Warner Sug 18 41 West [lec bs. Westn Union Westn Union 8% White Eagle O 6 Wiison & Co 1 WinRepeatAr 11s. Youngstn S & T 5s. RAILROAD. At& Birm4s33.... 3 821 ALLSK cVL 48 . K9l Atchison ge 924 Atch deb 4%s8 "4 Atlantic C L 1st 4s. Trust Company Mh o in New York s B Il 866.. l’l Aunul -1% otte 9% Australia 68 1956... 1 | Ausiralia 58 1967.. T Py Authorized oo::‘ . ‘::::;lly 900,000 Class “A™ 7% Fully Participating Cumulative (non-voting) Shares (510 par value)..900,000 100,000 Class “B" (veemg) without par value .100,000 100% 108% 105% 102% 101 10314 Business: ‘The Merchants & Traders Bancshares Corporation has been organized under the laws of Delaware, and duly registered to do business in the State of New York, for the purpose of investing and re-in- vesting its funds in the securities of soundly managed commercial banks and other financial, industrial, and other public utilities institutions, and to participate individually or jointly in the underwriting of sound securi- ties of other corporations; to diversify its investments for maximum yield and in stable securities. i 5 10 Bremen e 78... 51 100 Canada 6s 1952 Canada &%s 1929 Chile 6560 Chile 6s 61 Chile 78 1943. Chinese Gov Ry 5s. Colombla 6s Jan'61. Con Pow Japan 7s.. Copenhagen 4%s 53 Copenhagen be ct 1% 100% PARIS BOURSE PRICES. PARIS, May 10 (#)—Price changes | were mixed on the Bourse today. Three per cent Tentes, 74 francs 90 | centimes.. Five per cent loan, 101 francs 5 centimes. Exchange on London, 124 francs, 21'1-5 centimes. The doliar was quoted at 25 francs 60 centimes. 931, 931y 5 101 101 101 asyy 33 sx' 8214 89% 9l $1s 9% Diversifcation: Analytical and Statistical staffs of the Corporation, after an intimate survey, have recom- mended that stocks of the following character offer the maximum safety, plus dependable yields and favorable trend. Therefore, part of the funds of the Corporation will be invested in stocks of the following: T = 101 101 110 110 109% 110 110 110 4 110% 110t 1104 o GERMAN BONDS AND STOCKS i NEW YORK, May 10 (Speclll).——k 5 el B&OU Istfsct. B&OTLImp 68 B & O SW58 60 B & O Toledo Boston & Maine Czecho 83 1952. Danish Munic 85 A. Danish Munic 8s B. Denmark 4%s. 2 83k E8 83 Denmark 51 3 993 99% 99% Denmark 65 L2 103% 103 103% DE15%s Mch53.. 20 101t 1011 1104 DEI5%sNovs3.. 1102 10z 102 Dutch East 1 6s47.. 1102 102 102 Dutch East 1 6862.. 5 102 102 102 Flat 7s war ‘4 5140 140 140 Flat7s x war 46... 20 947% 94% 94% Finland 7s. eee. 1 99% 9974 997 Framerican 7% 2 104% 104% 104% French 7s 40 1077 107% 1075 French 73s. 2 112' 111% 111% German 7s. 20 105% 105'% 105% GermanBank €s'38 6 88 58 83 r Gen Elec 78 9 102 102 102 Greek 65 1968... 6 85 86 86 Haitl 6s. 1 100% 100% 100% Hungary 1%- . 1 100% 100% 100% insh F 5 96l 961y Y6k laly 7 50 95% 964 96% (talian Pub S 7s. 2 925 92 92 Japunese 4s.. 8 913 914 91N Japanese 6. 13 100% 100 100 Kreuger&Toll 5sct 39 984 98 98 NATIONAL CITY BANKERS TRUST FIRST NATL BANK CHEMICAL NATIONAL EQUITABLE TRUST IRVING TRUST BANKOFAMERICA EMPIRE TRUST CO. GUARANTY TRUST FIFTH AVE. BANK GENERAL ELECTRIC GENERAL MOTORS Ger Goxt Red Loan with draw. 00 R CiCoxyniDses The clfs atiached per 100 R M 56.00 60.00 | Sovt " Red Loan Bkiyn Mannat i Rt e o Bkiyn Un EI bs sta. drawing ctfs per 5 Buff R& Pitt4%s.. 7 (Quoted, in doliars’ per numnn e Bush Term con 58.. “g‘?, t4%s 64 atl413 868 800 439 1936, 3309 Lfinld North 7s. Canaa Pac deb 4i Can Pac 445 46.... Car Clinch&O 68 52, \,enull Pacific 48 t Pac 1st 6840, 11 & O Corpn 5s.. 91 es & Ucv 4% s&Ogn4%ks. .. 12 Ches& O 474893 A 11 Chi& Alt 338 cifs. Chi 5&Q gen 48 63, v.llh(mt 5 500 ?:‘,‘ff&‘ &4 nra-y\ af! And from time to time, investments may be made in the stocks of other State banks, National banks and banking institutions, as well as in the securities of other corporations whether engaged in the banking field or not. Corporations in which investments will be primarily made cover a wide range of activity including: BANKING Krupp 5s 19 Dusseldorf 4s pre-war 5 Rrmnkiort a M 45 pre-war R e CITY BANKS MANUFACTURING COUNTRY BANKS INDUSTRIES UNDERWRITINGS CALL MONEY Z8RAES Berliner Handles . Dresaner Bank . Deutsche Ban) Darmstacdter "Bank | Heyden Ch Merour Bank Vienna: North German Liovd - Austrian A E P Karlstadt suusugs 2 883283333883337 5355335 BuZus BoBas858285558 8 . 83388338388383 sk The assets of the Merchants & Traders Bancshares Corporation must be used solely for investment purposes. The retention of the assets and the earnings of its re-investments will constitute a compounding process to- wards increasing its assets and income. 8 891 89 B9 3 101% 101% 101 2. 93 98 93 4 924 924 Y2k 1 100% 100% 100% 8 96 93% 96 6 99% 99w 9% Norway 6s1943.... 3 101% 101 101 Norway 6s 1944.... 12 1015 100% 101 Orfent Dev 53%s°57. 15 874 86% 87 Paris-Ly-Med 6s... 14 99% 9% 99% Paris-Ly-Med 7s... 22 103% 102% 1031 Paris Orleans6%4s. 1 954 95'2 954 Peru 6s 1960 .20 8BS 8T ETH Pern 6sctts 6 87% 87Tk 87% 8 101% 1014 10!& 9 1T% % 14 85 8419 1 96 96 96 1106 105 16 26 103 102% 103 12110 110 110 . 3101 100% 101 RhineWst EP 68'63 2 8914 89ls 89% RhineWst EP 68'63 14 90% 90 90 Riode Janeiro 648 7 94 3 106 3 89 Rie Gr Do Sul 10 103% 105 105% Rome 648 11 90% 90 90% | irie (Va) eit tr 4 5 105 104% 104% | ilu Bast C o8 74. ... 8 1044 104% 104% | Fonda J&G 4 %52, 2 106 105% 106% | Gr Trunk stdb 6s. 10 80 9 79 | Grand Trunk is.... 3 90% 90% 90%|Grt Northn 4%s K., 2 108 103 103 | Great North 6%s... Great Nor gen 7s... Hud & Man aj bs... Hud & Man ref 5s. . (Revgrted vy J. & W. Selly pateMatrity o PLISTS 1 ChiMIISP&PacssTs. CMSP&Pacadjbs03. 127 Chi& NW gn 3% Chi& NW ref Chi& NW 6%, [ 25 Sept. 3i2s Dec. FOBEXGN EXCHANGE. Hibbs & C0.) (Quotations furnighed, b, W, & sElling checks Value (or par). @ : S8605 Surglus: The Board of Directors has authorized the sale of 900,000 shares of Class “A” stock, to net the cor- poration not less than its full par value and an average for the entire 900,000 shares of $12.50 per share, which, upon completion, will give the corporation, in addition to $9,000,000.00 capital, a surplus of $2,250,000.00, or a total working capital of $11,250,000.00. After the payment of the 7% prior dividend on the Class “A” stock, plus such dividends as may be authorized on the Class “B” stock and such additional divie dends as are authorized, it is the policy of the Board of Directors to reserve out of profits a substantial addi- tional surplus to protect dividends and other corporate requirements. These funds will be invested and re- invested for the benefit of the stockholders. Norway 5% E—m‘é‘...—c. of 4 ChSitPM&O 5s'30.. ChiStPM&O 65 '30.. Chi Union Sta 5s. Chi Union Sta 6%4s. CeWI16%s6 CCC & St L. rf 68 ConnRy&L4 %s st Cuba KK THhs Del & Hud 1st rf 4s. Del & Hud b% Del & Hud 78 30 Den & $10 U cn 4s. Den&RioG 4% s 36.. D Rio G West bs. Det United 4% Erie 1st cons 4 Erie Gen Eriecy 58 London. pound. Paris. franc Brussels, beiga Berlin, mark Proo FenOUNK~~S mane 9519 101 89 4 103% 102 53% 92% In addition to its Investment Trust activities, the Merchants & Traders Bancshares Corporation owns 51% of $2666 " . Stockiolm, crown 26710 the total stock of the First Call Money Company of America. ‘Warner and First National have con- tracted for 30,000,000 feet of technicolor film for 20 feature pictures, production of which will begin next February. The charter provisions of the First Call Money Company of America are very broad and include in its au- thorization the handling of call money loans, as brokers, in odd lots. This is the first company to engage in handling call money collateral loans in sums of one thousand dollars or more secured by listed stocks, subject to call pursuant to the established practice of the New York Stock Exchange. E On District of Columbu Real Estate CURRENT RATES OF INTEREST FLOYD E. DAVIS CO. 733 12th St. N.W. Main 352-353 '5. D.slmt National Bank—2 at 238!%. Riggs National Bank—b5 at 5771z. Chevy Chase Dairy pfd.—2 at 107. Columbia Sand & Gravel pfd.—10 at| 9035, 10 at 901, 10 at 904, s Federal-American Co. com.—65 at 50. Swiss Confed Lanston Monotype—10 at 129, 10 at 130, T“'"I El Pow 78, 10 at 130, 20 at 130, 10 at 130. Merchants’ Transfer & Storage com.— 10 at 125. Utd Kingm 6437, Federal Storage pfd.—25 at 120. Uruguay u: lm Merchents' Transfer & Storage pfd.—5 | at 11015 v 80 Mergenthaler Linotype—S5 at 107%. . B 94N WK 94N AFTER CALL. MISCELLANEOUS. Capital Traction 55—8$500 at 97%. AbramaStraus 6% 6 107 107% 1074 vashi Rw lectric pfd.—19 | 102% 101% 101% v‘::‘rr; . e e 2 | 6 104% 104 1044 gent! ’ o 1 Am Chain 65°33. 9Tl 971 | Mergenthaler Linotype—-0 at 1075 e mxu i '. e Bid and Asked Pncea. Am Coiton O BONDS. PUBLIC UTILITY. S The business of the company will include the handling of call loans for individuals, banks and corporations on a brokerage basis. Pursuant to the provisions of the company’s charter, it is empowered to issue bonds, long or short term notes, participating or otherwise, and-in this manner to assemble additional funds to carry on the business of the company. » » P S T Mortgage oney Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Beneft Life Ins. Co. 1520 K Street Main 475 Management: The affairs of the Merchants & Traders Bancshares Corporation and its subsidiary will be ac- tively managed by an Executive Committee of the Board of Directors, assisted by a trained staff of capable financial and investment experts. The Board of Directors, consisting of nineteen members guiding the affairs of the company, is composed of men of mature experience in financial and industrial cir- cles. With such calibre directing the policies of the company, its continued growth and prosperity are to be expected. int Rapid Tran 6s.. Int Rap Tr bs stpd. Int Rapid Tran 68.. int kap Trans 7 Int & G Nor 1st 6s. . [nt&GtNor adj 68 63 IntLysCA5872... CA8lsrct. Réte Kan City Ft S Kansas City 8 3s. Kansas City 8 bs. Kan City Term 48, Lake Shore 45 31. Lehigh Valen 4s. LehiVgen 415 2003 Lenizn Va) bs 2003, ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 62nd Issue of Stock Now Open for Subscription All consideration of investment to the matter contained herein should be confined to the Merchants & Traders Bancshares Corporation as an Investment Trust. While First Call Money Company of America is unlimited in scope as to volume of business and increasing returns, the call money department is a new business and yet without precedent. Investment Trusts are no longer an experiment. They are the most practical investment institutions to insure diversification of security and profitable yield. | Am NatGas 6%48'42 An Si Am Suzar Ref és... AT AT eltr an 100 100 103% 108 99% 994 1349% 124% 102 102% 103 103 |} s 106 106 Y% 9T% Bl 81 101% l()l'\-l p 17 178 | AmT&Teclitos.. AmMT&TsL6s.... o4 Am Tel & Tel 6%8. Wi 2 Money Loaned to Members on Easy Monthly Payments James . Connelly James F. Shes President Secretary San Ry ist4s 90, Market St 78 40. 1 1y & L 6s 61 Board of Directors 19 107% “cold stora . STCC PUBLIC 963 108 1 Babk of Washington. TRUST COMPANY. urity & Trust Co Trust Bank G ings & Trost & Trust SAVINGS BANK Loan 193'% | No Am Ed 61563 fer. Ref & Whr. Corp Wash. Mech. Mtse. com Wash. Medical Bidg. Coip. Wooaward & Lothrop pid 8% 4 ) Bethlehm Stl pm 68 23 Beth Steel 5348 63.. 11 Bethlehem Steel 6s. 27 Bush Term Bldg §s. 6 Certain-Td6 %srots la 100% 101 T 95%k Colon Oil Com Invest 6s " 104% 105 00 100 102 102% 1064 103 Cuban Am Sug Va1 12a180m6: “iroit Edison ordue 68, [ Lanesne I%lCL. 5 99 Y 98% Gen Cable 538 4T YEng 9Sig 1 en Mot Ac Cor 65. 1014 101% joodrich 6%, .. 1064 106% Goodyear 6r rets 92% 93 Humble Oil 58. 100 100 Humble O & R 5%s. 1007 1007 Iliinois Bell 1st 53 1031 102 10215 Illinois Steel 43 98, Y34 98l 1 indiana Steel 5s 103% 10314 102% Iniand St1 4%s'78. 5 91% intl Cement s 48. . Intl Match bs 47... int Mer Marine 6: Int Paper 5s 47 Int Tel&Teles 4%8 Int Tel&Tel 4348 cv 15751 KanG&E6s5z. . 1105 | ety . 2110 | Kendan ar 6 93 * | Luckaw 21 101 - | Luclede 4 100 | Lactede G 5%a52 . 1 10434 9 101 10 100% 10113 lum |n|' 105 110 105 110 100 1004 100 100 1037 103% 101 10t 10 110 YRy YRl Bt 81 K3 1oL 101 TR0 100% 96% 97 73 % 103% 103% 13 113 99 99w 106% 106% 1 110 11¢% 1 99% 99% 8 100% 100% 1 5 2 Lorillard s Lorillard 3%s ... | Midvale Steel bn Mont Power deb bx Nat Dairy 5%s. ... 1 7 1 N 43 o 33 Radiator 6148. l. 2 2 0 North Am Edis fs 10012 1004 100% 100% 100 100 105 104% 1045 9 101% 101% 101 16 10814 108 108! 10 98 96% 96% 2 OR0W TO% T9% 281 OBl 984 ¢ Nut Ohio Tr & L 68 Nur States Pow 6s. | Nor States Pow 6s. a athe Bxchange 7 1nCo5s87.. 101 1035 | 914 | | EELS M & T nd) s, MK&Tprinbs A, Mo I'acific gen 4s A65.. Mo Pacific bx G | MontrealTe os B 55 Nassau E14 N Y Cent deb 48 NYCrfimai | 13 | NY NHisH un 65 [N ¥ state 1ty 14 INYStateRy 6% 62 [NY W& By { Nortnern Pacific 43 | Nor tue 4 1es 2047, Nothern Vac 168 | ore s [ore w | Pennxyl gen 4% | Penna 1t 1t 435 63 ot L& P64z " Port R LI 6s 47, | 1tean ne gen 4 s A Kio G W 1st 48, {10 G West o1 4. . CLATK S Ldlyy SIL IMES T StL&S siLe SLL&SEKpr St L8 W col 1 StL & Sown b . San A & Arn P 4s. Seab A L ref ¢s. SeabAL ad) 5s 1949 | Seab A L con 8s S BAIllFla Sou Pac ¢s 29 Sou Pacclt 4s. Seu Pacific ref 4n WAL Sou Pac 4148 wi '64. Sou Pac 4 rets Sou Ry gen 4s. Sou Ry Con Sou Ry 685 Sou Ry 648 Term Asso SLas.. 10 .t, 1004y 681n T Wik 108 101ty 101w Y70 100 3 120% 120% 4 89 120% GUARANTEED 6% First Trust Notes Secured on Improved District of Columbia Reel Estate National Mortgage & Tnv. Corp. Investigate Our First Mortgage Service 1004 Vermont Ave. Main 5833 | Complete i Investment Service Greeer & Co. BANKERS INVESTMENT BUILDING WASHINGTON, D.C. Telephone, Main 2460 JOHN H. ALLEN President, American Fore! Formerly ' Vice-President, B. L. ATTWATER - -Piesident, Willlam Wrigley HiSSteeBline’ sivings Bank of’ iinfamebure, Brooklyn, N Y. PHILIP J CARPENTER Vice-Presid-nt, Central National Bank, mington, Delaware n Banking Corp'n ational City Bank wil- P. F. CUSICK Cusick & Co., Member New York Steck Excbange CHARLES A. ERNST b Organizer and Founder, Viscose Company ¢ meric: Diréctor, Delaware County Trust Company Chester National Bank Seward Nationa) Ban®: of New York PERRY C. EUCHNER President, Livingston County Trust Company HON. DANIEL O. HASTINGS U. 8. Senator, Wilmington, Delaware COL. LEWIS LANDES Attorney EDMAN MITCHELL President, Wilmington Qas & Electric Co. Director, Wilmington Trust Company C. C. MOLLENHAUER President. Dime Savings Bank of Williams- s, Hrookin, N. ¥ JOSEPH NEMEROV President, Manhattan Square Hotel Company President, Patk Plaza Hotels Corporation WILLIAM M. NEVIN easurer, Nevins Bus Lines Teasurer, Queens Bus Lines Officers IION. CHAS. D. NEWTON rgrmn..:twmeyfloenn&g Bllk‘ of New York County ‘Trust Gompany o iee, Livingston FR;ANK RUSSEK zer and Founder, Russek's Fifth Ave- ALBERT E. SHERIDAN President, Unton Mutual Auto Incurence Come R. RUSH STODDARD Capitalist COL. CHARLES R. VAN ETTEN SRRt I AR R JOSEPH R. WILSON, JR. gecretary ‘ormezly Ass't Cashier, National City Bank JOHN H. ALLEN, President; CHARLES R. VAN ETTEN, Vice President; JOSEPH R. WILSON, JR., Secretary and Treasurer All orders are accepted subject to allotment. We resérve the right to allocate @ lesser number of shares than the number ° ordered. All légal matters have been passed upon by Hon. Daniel O. Hastings and Lewis Landes, Esq, New York Stock mow traded in Over-the-Counter Market. Allotment books subject to close without notice. Certificates will be ready for delivery approximately May 15, 1929, Application will be made in due cowrse to list the Class “A” Shares. Price: $13.50 Per Share MERCHANTS & TRADERS BANCSHARES CORPORATION 30 BROAD STREET NEW YORK, N. Y. Tel. Bowling Green 6948-6949