Evening Star Newspaper, May 20, 1929, Page 13

YulFIN We Buy and Sell Liberty Bonds ‘Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 9800 F Street 620 17th Street e Money to Loan Becured by first deed of trust on rul estate. hcnllnt interest and commission. 420 Wash. L. & T ust | Joseph I Weller Pz, oth & F N, GUARANTEED 6% First Trust Notes Secured on Improved District of Columbia Real Estate National Mortgage & Inv. Corp. Imvestigate Our First Mortgage Service 1004 Vermont Ave. Main 5833 & {Complete Investment. Service *GreeeT & CO. 3 BANKERS INVESTMENT BUILDING ° WASHINGTON, D.C. Telepbone, Main 2460 A lmu“m"v on Your Time —to be constantly looking after the innumerable de- tails in connection with the magaagement of your apart. ment house. Appoint to that task and let us show you the many benefits which will result. B ESNSAULNCO. Main 2100 925 15th St. First Mortgages Safe—Conservative Make your savings g S ternius Bty O Years work for you at Experience the highest-inter- 1n finaneing e consistent homes and in the with absolute sale of these se- curitien. Wm. H. Saunders Co,, Inc. REALTO! Main 1016 1433 K We Recommend— .. Spencer Trask Fund, Inc. at the market Circular on Request Irving & Johnston Woodward Bldg. Main 8973 CD:’! Purdtflll T'uk & CD. Members Wash, Stock Ezchange ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 62nd Issue of Stock Now Open for Subscription Money Loaned to Members on Easy Monthly Payments James E. Connelly James F. Shes President Secretary ANCIAIL), GONVERTIBLE BOND ISSUES ARE LOWER Selling Pressure Effective Against Whole Group. Market Is Draggy. BY CHARLES F. SPEARE. Spectal Dispatch to The Star NEW YORXK, May 2 Holders of | convertible bonds did not fare well to- | day. Nearly all of these issues were at | a lower price, which added to the bear- | Nh effect of last week's late decline. The new Southern Pacific convertible 4125 on the closing of the syndicate, dropped 23, points below the figure at on the part of stockhoders of the road. When the “rights” expired last Wed- nesday they had only a nominal value. Another conspicuously weak convert- ible was American Telephone & Tele- graph 4s, which declined a point, selling 15 points under the high of the year. International Telephone 41:s lost over a point and Missouri Pacific 5'2s nearly a point, with fractional declines in American I. G. Chemical 515 and American Inie'naiional Corporation | izs. There wac some recovery in these | G es <when the siock market rallied | from the drive agnist it around mid- | day. The favorable decision in the O'Fal- lon case brought a sharp rally in all the railroad convertibles. The high-grade issues were sluggish, making no response to the lower money rates with which the week opened. | Many of them have reacted from the April advance and are selling lower than at any time since bonds started to react. There is an extremely narrow market for inactive issues, which was | reflected in numerous declines of 1 to 3 | points last week, principally in the rails | and among underlying mortg.ages. Government issues today chowed de- clines of from lg to 14, the largest in the Treasury certificates. The shrinkage in the bonds of Cuban sugar producing companies continued | without evidence of support. Today the {two Cuba cane bonds were selling 20 | points under their high of the year, the | | Baragua 7'2s from 13 to 18 points down and Cuban Domincan 7155 off 14 points | from the year's best, Eastern Cuba 7 16 points: Oriente 7s, 13 points, and :wmenws Sugar 7s, 13! points. The concessions expected to be granted by the United States in order to make reparations settlements euier‘ were offset today by opposition from Belgium to the terms. Therefore, the foreign bond market was quiet and without & general trend. heavy decline that has taken place in recent weeks in German and Southeast European obligations, as well as in many of those of South and Central bond market should de in a position to_rally moderately, when and if the debt settlement becomes nmfutcry to all of the interested parties. POTATO MARKET STEADY. CHICAGO, May 20 (#) (United States Department of Agriculture) —Potatoes —Receipts, 321 cars; on track, 119 new, 365 old; total U. S. shipments Saturday, 692; Sunday, 47 cars; new stock trad- ing fair; ‘market steady: Alabama, Loulsiana and Texas, sacked, Bliss Tri- umphs, 3.2523.50; few, fancy, higher; South Carolina, barrel, Cobblers, 5.50a6.00; few, fancy, old stock trading very slow, market dull; Wiscons!n, sacked, round whites, 70a80; Minnesota and North Dakota, sacked, round whites 65a75; Idaho, sacked, Russets, 1.5081.75; fancy, shade higher. - e Stock Split-up Voted. NEW YORK, May 20 Uf).—Directors of Warner Plctures today voted to split the common stock on & two- for-one basis. Washington s.tock Exchange Capital Trlcunn Co —1 at 96, 2 ll 90 | Potomac _Electric 5% pfe 106%, 8 at 10615, 10 at 10615, Riggs National Bank—5 at 577, 1 at 577, AFTER CALL. Washington Gas . $1,000 at 102%,, $500 at 10214, $3,000 at 1021, Potomac Electric Cons. 55—8$1,000 at 102, $1,000 at 102. Washington Rwy. & Electric 4s—$3,000 at 857 $1,000 at 857. & Poto R. 5s—$1,000 mac’R. 'Woodwlrd & Lothrop pfd.—10 at 107, 10 at 1 Bxd und Asked Prices. BONDS. PUBLIC UTILITY. B}d. Asked. Anlcas wy. & Elec. 4s. ... MISCELLANEOUS. ber & Ross, Inc.. 8% -Vanbit. 'Hotel 6} nut Faims Dairy 6 ¥ pChase Club 5k D. C. & o o Wash: dons. R 'rmo%o Bi (5 & Ne Potomac Elec 5 Potomag Eiec. 8137 pfd Wash. Rwy. & Eiee com’ 1’ Wash. Rwy. & Elec. pfd.. NATIONAL BANK. Netional Capital Cu'xu" bl 0P o 570 5 [33% ol Netional Bank of Wrshington.. TRUST COMPANY. American Security & Trust..... Union T Washington Loa SAVINGS BANK. ma. 3 ecarity Satines & Coml. Bank. Seventh Street: Chited tates Savings Washington Mechanics’ FIRE INSURANCE. men'’s p Nationm “vnton . 2 TITLE INSURANCE. olumble Title. 8] Batate ” Tjtle. e & coms, B ot MISCELLANEOUS. Barber & Ross. Inc Feaeral-Amatican Go. ¢ Federsl-. An-mun otd . i stres ot Mtge & Guar. pid Ecdurhy Storase Ter, Rt & W Wash: Sfedied! Bide. corp Woodward & Lothrop pId *Ex dividend which they were offered in March. The | reception to this issue was unfavorable | | Erench 7s. s, | Japaness 63 American origin, this section of the | Of THE EVENING STAR. WASHINGTON. x BONDS stocx excaaxcs] ON NEW YORK Received by Priva UNITED STATES. In 81, Wire 110110 101 10 10110 . 108 10411 10330 1041 1 10310 108 10 10810 FOREIGN. Bale Argentine 8s Ju 5y. Argentine May '61. 32 Argentine 6s Oct 69 55 | Argentine 5% 8 '62.. | Argentine Bank of Chile 6 Bank of Chil Belgium 6s. lOB"- lg“. Bolivia 8 101‘4 1014 Bordeaux 6s. . 9 Brazil 6348 1026 Brazi] 6%s 1937 Brazil7s 95l 95l Brazil 8s. 106 106 102% 102% 991y 991y 924 92% 921y 92% 102 102 37 87 100% 100% 844 x 95 100% 1oon 110 110 110 110 110 110 87% S8R 103% 103% 1017 1017 10214 1024 0. Chile 78 1943. . Chinese Gov Ry b8 Christiania 6s. Colomba 68 Jan'61. Copenhagen be ct. . Cuba 6% Czecho 85 1951 Czecho $3 1953. . Danish Munic 8s B. Denmark 4 %| Denmark 6 DEI15%s Dutch East 1 6s nmcn East 1 6s 62 a9t 10745 1073 Finland 7s. French 7%s. German 7s Ger Gen Elec 7 Greek 65 1968.... Irish Free State 105 105 102 102 828 €34 96% 95% 963 9l 91y 100 100 98 98 98% 99 9% 9314 8% 88% 104% 104% 929 92% 2% 924 100% 100% 95 96 100 100 101% 101% 1014 101% 101% 101% 88 86% 99% 998 8% 94% 87 874 87 87% 101% 10 T Tin 84 84 96% 96 108 108 110 110 nsu, 893 b 834 1 964 36 954 23 91k 22 100% Kreuger&Toll 55 et Milan 6% Netherlands 68 72. 87 Norway 6%8. Norway 6s 19 Norway 68 194¢. Norway 638 1953, P Poland 78 (rcts) Poland $s... Queensland & Queensland 7 RhineWst EP RhineWst EP Rio de Janeiro 6% Rio de Jan 88 1946 Rio GrDo 8ol 6s '48 Rio Gr Do 8ul 8s. Rome 6%s.... Sao Paulo 8s 1936. . 105% 105% 89% £9% 104 104 1041 104% 105 101% 101% 103% 109 984 98y 868 86% lolk 108'4 !2 SSA Ss‘i 9éh Vienna 6s'53 5 864 864 864 Yokohama 68 8 934 93w 934 MISCELLANEOUS. Abram&Straus 534e 4 105% 1064 105% Alleghany Cp 65 '44212 100% 99%° 100 Alleghany 5849 wi205 100% 100 100% AmAgriChem 7%s.. 6 105 104 105 Am Chain 6s°3 95 95 Am Chem 5%s 100 101% Am Int Cor 6%8 10415 10415 Am NatGas 834 8" 97 78 100 100 103 103 9% 9% 1264 127% 1028 102% 102% 102% 105% 106 9% 97% 9% 79% 104% 1044 80% 893 Swiss Confed Toho El Pow Tokio 538 19 Utd Kingm muv. Utd SteamCopen §: Uruguay 6s 1960 AmT& T el tr AmT&Ts Am Armour&Co4 %8s 3! Armour Del 6%8... Atl Gulf S ba Atlantic Refin 100% 100% 102% 102 103 103% 103 108% T84 T84 954 95% 101 101 98% 9B% 954 96% 92% 93 66 66 104% 104% 59 59 59% 554 100% 100% 100 100 107 107 102 102 88% 984 % 19 106% 106% 101% 102 106% 106% 92 92% 100 100 100% 100% 9% 9% 1054 106% 102% 102% 9674 96% 100 100 80% 90% 914 9% 92 92 1224 1224 103 108 104% 104% 28 95% 104 104 1184 1184 108 108 97 9T% 107% 107% 99 99 98% 98% 96 70 103 103 1044 104% Col Gas&E) deb bs. Com Invest 5% s Com Invest 63 °¢ Con Coal Md 1st Con Gas N Y 6% Cuba Canecv 7s Gen Mot Ac Cor Goodrich Good; o weRanaconShIitanon Intl Cement 68 Indlana Steel b g 4%AS. Int Tel&Tel 4348 cv 140 Kan C(!y P& L L1 k] G&E 6 [ Nat Radiator Nat Tub 1st 58 North Am Edis fis No Am Ed 534863, 27 Nor Ohio Tr & L 6s. Nor States Pow 6s.. Nor States Pow 6s. Plclflc Gas & El ll. & T 18t b 104 104 100 100 101% 101% 101% 101% 10744 1084 o7 97 b S : 4 102% 102% h 974 9TW 100\‘ 100% lbh 90 904 99% 99% 994 93% 93% 93% 92 92% 924 192 192 192 T4 TT% TT% 93% 93 93 98% 9% 98% Phila Co § Phila & Read Philips Petro 6% Ric Am Tob 6 Public Service 4%s Punta Alegre 7s. Rem Rnd 5%s war. 11 Sinclair O11 esreee 12 111 1114 ) 96% | Direct to The Star Office . Low. Close. 99 99 102 95 93\‘ Sinclair Ofl 8348, Sinclair O11 7 Sinclair Crude 5% Sin Pipe Line 53 Skelly Ol 5%s. { o Por Rico Sug 7 Southwest Bell 5a.. 10 Stand Ofl N J 68 Stand OIN ¥ 4% zfla Tenn Cop 6s B'44.. 2 TennklecPow 6547 36 Transcont] i1 6%8 50 United Drug 58 63.. 35 U S Rub 1st rf 6s. U SSteels tbs. Utah Pow & Lt b tilitles Powr 5%, Walworth 6s '45 ™| Warner Sug 7s 4 West E1€0568.....0 Wesin Unfon 63 61. Westn Unfon 6%s.. White Eagle O 6% Wilson & Co 1st 88. Youngstn S & T 5s. 20 RAILROAD. At&SF cvtds05.... 1 Atchison gen 4. 12 9’ Atch deb 4%s '48. . 1278116 B &0 Gold 8 9% 28 B & O SW5s 50 Boston & Maine 58 Brooklyn Elec 6%s. Bklyn Mannat Bklyn Un E1 6§ Bklyn Un El Can Nat 4158 54. Can Nat 4%s 67. Canada Natl41s'68 e P O TP YU~V Can Pac 4% 46. Car Clinch &0 5 Car Clinch&O 6s 52 Central of Ga 538 Central Pacific 4s.. Cent Pac 1st £8 90 Ches & O Corp! Cnes & Ocv 4348... 12 Ches & O gn 4348... 26 Ches& O 4%8'93 A 64 Chi& Alt3%s cifs, Chi B&Q gen 4s 53. Chi B & Q 1st rf 6s. CB&QII3%s Chi&k 111 gn bs 51 ChiGt West 4559.. Chl Ind&L gen & | Chi M&SP 43%s E. ChiMiISP&Pac6sT5. CMSP&Pacadj5s03. Chi & NW gn 3145, Chi NW 4%3 203 Chi & NW ref bs. Chi & NW 6%s Chi & NW 78, ChiRys b8... ChiR1&P gn ChiR1&Prfd4s... Chi RT& Pac 4148, Chi T H inc 68 60. .. ChSitPM&O 58 '30.. 1 ChiStPM&O 68 °30., Chi Union Sta 6%8. Chi & W Ind cn 4 CCC&StL deb 4%s Clev Term 6% Cuba RR17% Cuba Nor6¥%sc Den & Rio G on 4 D Rio G West s, Erie 18t cons 4 Erieconv 4s A. - 21 0014 0 310 10 1 1t B e A8 orBran®5-58car man- Erie conv ext 7s. Fla East C 55 74. Gr Trunk stdb 6s. Gt Nor 4%5 76 D. Great Nor gen 7s. Hud & Man e 58 Hud & Man ref 111 Cent 4s 52 I1l1 Cent 4s 53 11l Cent 4% 8 Int&GtNor adj 6s Int Ry C Am 6s 41.. Int Ry CA 6%s ret. Kan City Ft S 4s. ., ih 8. L &N4%s2008.., Market St 7s 40 Mill El Ry&Lt 4% s Mil E) Ry & L 6s 61 Minn & StL et 4s., Minn&StL fd 65 62, M StP & SSM 6% MK &T 15t 4s.. Mo Pacific gen 4. Mo Pac 53 A 65 Mo Fac bs F 77 Mo Pacific 58 G * Mo Pac 5% ‘49 cvt8 Mont Trm ref 5s 41. NOTex&MbsB.. N ¥ Cent 43 98 100% 21"- 99. @ soe - SorRem ~BaRakuNaneeBE~NARED OO NY C&StL 4%8C.. 10 NYChi&StL 6%sA.. 1 w Haven 315 64. 10 w Haven3%556. 5 YNH&H4%s.. 1 NY NH&H cit 68 N Y Rys 65 65. NYRys6sAG N ¥ State Ry 4% NYW&B4i%s Norfolk & W en Nortnern Pacific Ogden&Lake Ch Ore Short L rf: Ore Short L cn 58..; Ore Wash 1st 4s, Pennsyl gen 4% na R R 4% Port R L & P 68 43, Port RL P 68 47.... Reaing gen 48 A 27 Rio G West ¢l St L IM&S St L IM&S R StL&SF prinés. St L8 Wcon 4s 33, StL & Sown 68 '62., St P Un Dep Bl San A & Arn P SeabAL ad) bi IND. ;9 Sou Pac clt 4 Sou Sou Pac 4%4s Sou Pac 4%s reti Sou Ry gen 4 TexArk FS 5% 50. Tex & Pac 65 B 1977 26 4 Tol Tr L&P 6%8 30. Union Pac 1st4s. .. Union Pacific 45 '68 Union Pac 1st rf 48, Union Pac 4325 '87. Virginia Ry 1st 5s. va Ry & P bs SILVER QUDTATIONS NEW YORK, May 20 (#)—Bar ver, 53%. Mexican flolhrs. 403, g NEW YORK, May 20 (#).—The Na- tional Rubber Machinery reports sales for the first quarter of $1,034,147, against $757,702 for ‘hg same quarter last year, ' | day. TRADING IS LIGHT ATD.C. MARKET fUnfavorable Weather Causes| Slump in Volume of Buy- ing—Receipts Small. Unseasonable weather this morning | was not conducive to heavy trading. Trading seldom is brisk Monday morn- ings, many dealers having supplies held over in quantities sufficient to accom- modate consumers the first market day of the week. While yesterday's rain was not needed in the nearby country, according to growers, it did not last long enough to do any harm and will not affect receipts of Spring vegetables. Whole- salers along the country line had light receipts of country produce this morn- | ing, while commission merchants had plenty shipped-in stock. Strawberry Receipts. Strawberries continue to come from the Eastern Shore of Maryland in fairly large quantities, the choicest of the receipts finding ready sale, while some poorer stock trom other sections fail | to bring money enough to pay express charges. Dealers think the strawberry season soon will draw to a close. There will be few of the ever-bearing fruit in evidence until frost appears, according to growers, but they probably will not come in receipts heavy enough to quote prices. Huckleberries have been added to the list of early fruits in the local market, prices being low because of the plentiful receipts of other fruits. Butter, egg, meat and poultry prices continued unchanged. Prices of prac- tically every commodity this morning were the same as prices quoted Satur- Today's Wholesale Prices—Jobbers” Prices Slightly Higher. Butter—Ong-pound prints, 44a45; tub, 43a44; store packed, 30a31. Eggs—Hennery, 32a33; fresh selected, 31a32; current receipts, 30a31 { Pouitry, alive—Turkeys, hens, toms. 25a28; Winter chickens, Spring chickens, small, 40a42; 46a48: fowls, 34a35; Leghorns, 30a32; roosters, 20; ducks, 20: keats, young, 60a65 old, 35a40. Dressed-—Turkeys, 35a40; Winter chickens, 45a48; Spring chickens, 50a55; fowls, 37a38 - horns, 35; capons, large, 50a52; small, 45a47; ducks, 32a33; keats, 80a1.00. Meats, fresh killed—Beef, 22a24; veal, 23a26; lamb, 30a32; pork loins, 29a30; fresh hams, 26; fresh shoulders, 17a18; smoked hams, 28; smoked shoul- ders, 17a18; bacon, 23a24; lard, in bulk, | 13a18%2; in packages, 14a1415. | Live stock—Calves, 14; Spring lambs, | 15, 30a32 42a4; Jarge, Fruit and Vegetable Review. ‘The dally market report on fruits and vegetables (compiled by the Market News Service Bureau of Agricultural Economics) says: Sales to jobbers ex: cept where otherwise noted. Appleo—euppllu hfl“ demand light, market steady: Virginia, U. B. No. 1, 214 inches up, Yellow Newtons, 6.50: unclassified, 2% inches up, slack, 5.00; bushel baskets, Virginia, No. 1, 21 inches up, Winesaps,’ 3.3882.80; U. S. No. 1, 214 inches up, Winesaps, 1.75a1.85, mostly 1.75. Cabbage—Supplies liberal; demand moderate, market dull; Norfolk ucllonl Virginia, 112-bushel hampers, Pointed type, 75a1.00, mostly 90a1.00; East| Shore_Virginia, barrel crates, Pointed | type. 2.25. Celery—Supplies moderate: demand | light, market steady; Florida 10-inch | crates, individually washed and pre- cooled 4-8 dozen, 3.5083.75, few 4.00. Lettuce—Suppiles of Western stock moderate; demand light, mlrklt flm. California, crates, Icel dozen, 4.0024.50; few best, lgh as’ 500 1 demand | 6-dozen, 3.50. Onions—Supplies moderaf light, market steady; Texas, standard crates, yellow Bermudss, mixed, No. 1 and No. 2 1.8521.90. Potatoes—Supplies moderate; demand moderate, market steady; Michigan, llo-pound sacks, Russet Rurals, U. S. No. 1, mostly 3.28; few low as 2.15. New stock, supplies moderate; demand mod- erate, market weaker; South Carolina, cloth-otp stave barrels, Cobblers. U. S. { No. 1, 5.00a5.25; few best, 5.50; Florida, double-head barrels, Spaulding Rose, U. 8. No. 1, few sales, 7.00. Shrnv\ben'les—supalies light; demand moderate, market steady; East Shore, Md., holdovers, 32-quart crates, various | varieties, 4.00a4.50; nearby Maryland, az-qum crates, various varieties, 4.50a 5.0 Toma(m!—suppllu moderate; de- mand moderate, market slightly weaker; Florida, sixes, ripes and turning, fancy count, 4.00a4.50; choice unt, 3.00a3.! fair to ordinary %\lll- ity and condition, fancy count, 2.75a 350; choice count, 1.7582.50; crooks, 11.00; few poor condition, 1.00a1.50 ‘Watermelons—Supplies moderate; de- mand light, market dull; Florida, Tom Watsons, 32-pound . average, 90al.10; 20-24-pound average, 35a50 each. String beans—Supplies heav de- mand light, market weak: many re- fused; Florida, -bushel hampers, green. wide range quality and condition, 75a1.25, few higher; Georgia and South Carolina, bushel hampers, green, 1.60a 1 1.50; North Carolina, 5-peck hampe: Title Policy Eliminate the waste of time in land transfers by title in- Generally, there is fifty-five days’ delay surance. at least falls through. Title Insurance makes clos. ings rapid and eertain, far nishes added salability to real estate and gives quicker sale to mortgages. Whenever you buy or lend on real estate, a New York Title policy is always your best policy. Capitol Title & Guarantee Company 1425 Eye Street N.W. Representing NEW YORK TITLE AND MORTGAGE COMPANY | Capital Funds over 60 million dollars L mostly 3.00, few higher; D. C. MONDAY, MAY 20, 1929 green, 2.00a250. (Correction Saturday’s | report: Georgia, 7a-bushel hampers, | green, best, mostly 2.00; “poorer, 40a30, should have read “poorer, 1.00a1.50. Cucumbers—Supplies modera mand light, market steady; 7a-bushel hampers, fancy, 2.00a2.5 South Carolina, no sales reported. Squash—=8Supplies liberal; demand light, market slightly weaker; South | Carolina, bushel hampers, white, 1.25a | 1.50; North Carolina, bushel hampe; white, mostly 1.50: Florida, pepp: crates, yellow, no sales repo: A Peppers—Supplies demand light, market slightly weaker, some re- fused; Florida, pepper crates, fancy, choice, few sales, 1.50a2.00. Eggplant — Supplies light light, market slightly weaker: few re- fuse Floride, pepper crates, fancy, high bush, 2.25a2.50; other varieties, 1.75a2.25; cholce, 1.50a1.75. Carrots—Supplies moderate; demand light, market stead; Texas, Western lettuce crates, 3.00. Beets—Supplies moderate; demand light, market stead Norfolk section Virginia, hotbed stock. 2.00a2.25; North ‘l:.mllmnfi' 5-peck hampers, bunched, a Cauliflower—Supplies light: demand light, market dull; too few sales report- ed to quote. Peas—Supplies light; demand mod- erate, market steady; Norfolk section Virginia, 5-peck hampers, 2.75a3.00. Corn — Supplies moderate; demand light, market stea Texas, bushel Daskets, 2.65. Oranges—Supplies moderate: demand light, market steady; Florida, boxes, No. 1, medium size, 4.00a4.25: large size, 3.5023.75; No. 2,'medium size, 3.00a3.50 Grapefruit—Supplies light; demand light. market steady: Florida, boxes, No. | 2, medium size, 3.2523.50. TREAGURY CEBTIFICA’IES‘ (Reported il Sellgmian & Co 9 demand R iy SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Go) Chalmers Co, 86 1037, os ! Am 10042 Al Aluminum Co. 2 American Tel: & Teia u j3%0 o Armour & Co, of Del. 5181043 £Q I U X el 11 Ca 9! lifornia Pet. Canadian Net. adian o ERlaie notk llllnd 4 Chile Co, Gudahy l:klna son Ry, Delaware & H! Edison, l’.l It Boston 4 Sen % O To"% 150 mu ui. OI{ N. ernv 5! lfllig lbl . Ryul 1953 ibecme &5, 18 14 Wheeling Bteel Corp. 8%as 1943 Allied Chemical Money Available for FIRST DEED OF TRUST LOANS On Completed Properties and for Construction Use Reasonable Interest and Commission Rates JAMES F. SHEA 643 Louisiana Ave. NNW. We Take Pleasure Investmen B8AN. Baltimore, Your Nipa Palm Dne tree gives the drink and shelter. bounty, they hold village festivals in its shade; and praise their deities for the generous gift. their huts, seeds to eat, wine from the sap—all come from the Nipa Palm. No wonder the Malaysians are grateful. You can plant a seed which will grow and spread its branches, giving you the shelter and security the Nipa Palm gives the M saving fund, placed in the 6% Mortgage Notes Swartzell, Rheem pany, will build for you a succes- sion of regular, assured interest pay: ments, leading to an independent in- come in future yea These First Mortg: by our record of over SIXTY YEARS WITHOUT LOSS TOR, are sold in Tow as $100. SWARTZELL, RHEEM & HENSEY CO MORTGAGE BANKERS 727 15 STREET n,l.w./ Florida, | MR. ELMER F. SAUTER FormraLy wiTH DILioN & COMPANY Has Become Associated With Us in Our Washington Qffice Located in the Washington, D. C. Trrermoke. Narronar 3460 GreeeT & Co. RSB SNO AR IO o FINANC STOCK PRICE INDEX SAGS DURING WEEK Utilities Make Best Showing. Preferred Shares Reg- ister Gain. BY IRVING FISHER. Special Dispateh to The Star. NEW HAVEN Conn, May 20.—The stock market see-sawed downward last | week with quite uniform day-to-day movements by the several groups.| The utilities made | slightly the best | showing of the| common Stocks‘ with advances on Friday which car- ried this group to a point slightly higher than had been reached dur- the past 10 Echhf for Mon- day and Tuesday of last week. both | of which saw price | weakness, the mar- | ket changed direc- tion each day. The Irving Fisker., CODDErs had the worst week of the common industrial groups, but accom- plished considerable recovery on Friday. | Preferred shares showed a net price nln for the week. This group fluctu- | less than the common stocka and | -flzlu persistently moved just opposite to e common stock groups. Brokers’ loahs incmsed for the fourth consecutive week, bringing the total back to about that of Afll‘fl 3. The drop in call foan rates toward tbe end | of last week evidently helped prices on | Friday. Continuation of = market | strength will portend further irctease in the call joan totals, which are now ————e AFETY 18 WORT! $EW Wone Yanies YOUR hold- ings are subject to unexpected market reac- tions—HOODS meet all Emer- gencies—they never go down. TAL. * 13 less than 5 per cent below the March all-time peak. The compact survey of New York Stock Exchange movements of common industrial shares is given below in price indexes (1926=100). There are two indexes of market price movement. The first (“shares outstanding”) rep- resents all common ind: shares listed on the exchange, the importance of each stock being considered accord- | ing to the shares in existence or out- standing. The secdnd index (‘50 lead- | ers”) shows the price movement of the common industrial stocks most heavily dealt in during the week, this list changing weekly with the shifts in trading Ecpularln The “shares outstanding” index shows | what a substantially representative $100 worth of stocks in 1926 would now amount to if held unchanged since that vear. The “'50 leaders” index shows the result of reinvesting the $100 every wee‘}c: in the market favorites of that week. & The last column of the table gives the rate of return on the week’s 50 leaders at current prices. hares 80 Rate ut- Market 7 stand's Leadsrs Return Apiil av March average 1928 average Low ('28-'29) 1281 (Fab'28) l’eb’zh m-: zsx 1929, by Irving Fisher.) pi s National Family Group Stores chain shortly will be enlarged by the addition of xnothcr group of s (Copyrigh! Investments JAMES Y, PENNEBAKER Main 5328 1520 K St. N.W. —_— First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Mortgage Money l.olned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 Mortgages : Let us have your applications or LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. NW. Liberal Income Combined With Sound Invest- ment Security you in Guar- (D7t mortgase in Announcing That ¢t Building ~nERS and notes. any ‘-wmeg“ot xut. i.cum 5;"':;“ * “!"“.&‘é« Surcas” ot 3314001 %o DENO.N‘HO ended \] n?oruu monthly ~payau hose whoacsire. SEND FOR BOOKLET “The Success Plsa" _REALESTATE Maryland Malaysians food, Grateful for its Leaves to thatch alaysians. A small First offered through & Hensey Com- TS, age Notes, backed TO AN INVES. denominations as MORTGAGE & GUARANTY CorPORATION /Capital Resources $3,400,000 24 JACKSON PLACE - wn Oldest National Bank in the District of Columbia Washington Was Fourteen Years Old —when this bank was organized, back in 1814. fThe Capital City has more than fulfilled the expecta- tions of its founders, and today is a world center, politically and financially. fNot a little of the city’s financial importance is due to the prestige of such banks as the Metropolitan, the CLDEST National Bank in the District of Columbia. 3% on Savings National Metropolitan Years Bank Years WASHINGTON D.C. 15th St. opp. U. S. Treasury