Evening Star Newspaper, June 14, 1929, Page 15

FINANCIAD. WGH£RADE BOND * LIST SHOWS GAINS U. S. issues Have Better i Tone—Price Changes : Are Small. .eculm-num'neiur NEW YORK, June 14—The bond market teflay had a better appearance and was strongest in some sections of the high-grade list. Trading was more | Austria I active due to the contribution made by the convertible issues. Government bomds and Treasury eertificates were distinetly better. The first Liberty 4145 advanced - %, the fourth 4%s rese to 99 lfler selling re- cently at . while gains of 3§ 3 occurred in the Treasury notes. The Improvetrln-nt :)r: :hh p was due to ex ai 8s a part of s policy o money rates casy The latest statement of the Federal Reserve Banks shows that they bought mmm of Govern- the veek of Most activity tn the convertibles fn American Telephope & Telegra; 'relephone 4158, Pacific 4%s m‘bn 5s. At one Telephone bonds were points _above yesterday's closing. .hA railroad issues were steady, but not quite as strong as some of the mortgages, for instance, St. Paul gold 51,5, Erie refunding 3s, Missouri Pacific general 48 and New Haven 4s. Both issues of Union Pacific 45 were distinctly heavy. A further recovery of 5 points in Cuban-Dominican 7los carried these bonds 12 points above this week's low- est. The nm interest payment comes o November 1. Under the indenture the com| required to make Fly- nnklng fund at ‘$750,000 & retired end of 19” $1. l'lb‘.. bonds. ‘Weak industrials were International Paper 6s, Lorillard 55 and General Mo- tors accem 6s, the last mamed de- clining 3, mo special reasen amd in spite of A-m money conditions. 0&- Groups. tractions were uuu hut m- Ilnunml .?ury Bfll“l hu- mnm of t! o ISM hltc utilities was Tennessee Eleetrie wer 8s, which rallied nearly a point. ‘There were no significant changes in \hs lorm- list, where about as many wed declines as advances. Specuhflv. buying of the Fiat 7s ad- time lnlemtlonnl vanced them 4 points. Pirelli 7s were | strong. Washington Stock Exchange|®: SALES. Capital mn—gl 000 at "3& Potomac. Eleetric- Cons. at 101. W Gas §5—81,000 at 991, ashington Wumnmn au es A—81,f m at 10214, hln"‘n t 104, Rwy. & llee@fl: 45—8$1,000 2t 8875, $1,000 at 85, Capital ion- Co.—10 at 934, Potomac Electric § —] 105 Fe;:egu-Ammm N‘ n‘m"n—q 2‘ Wl&mnflg.?l! B ‘-;::‘W at ‘“‘1 Mergenthaler Linotype—10 at 105, Bid and Asked Prices. B i%iSze 988 i F F S gomeEt EusseRvNEs Fashington Mechanic PIR) jmerican , reoran 1l0l iremen’s " fational Unio ==§ 8258 'k znv pfld 3 Eet. Mige. & Guar. ptd Ref. & Whr. Warrants. Unlisted Department. (These securities L lm;« under Exehange BONDS. Ny Olub b n-md Uluh ... Bid. Asked. [ gumcmm xuur$ ca, Go. zanclin Naf Mot capital Savings Bank - Northeast, Savings Bank. rk Bavings al pul!:hm! B 1. | Serbs Crot 8lo Sweden ! | Gen Mot Ac Cor ¢s, sz [ BO by Private Wire Divect to The h UNITED :‘?TI,I. Baies are 1. t‘n% 9830 9833 995 9825 9616 9616 1013 10034 10331 10318 2 1074 10818 PORII&N. Argentine Australia 430 b Australia 53 1988 estn Aostralia 6s 1957 Westn Union §34s. White Eagle O §% ™ Willys-Ov 634833, Wilson & Co 18t WinRepeatAr 7% Youngsta S & T 5s. 10 Bea38Y o e aCmanRwos Bremen State 7 Canada 68 1931. 963 Bang & Aroos 4» b1. 2% | Bogton & Maine ba.. Bkiya Un E1 Bush Term con Can Nat 4% Can Nat 43 Can Nat 445 67 Canada Natl4 45’68 Canad North 7 Canada South Caecho 88 1953.... Denmark 4%s Denmark 6%, ‘6. 20 Denmark 6s a DEI5%s Mch 3., 30 Dutch East Finland 6% Finland s 7 68 "¢ Cuba Nor §4acts. . Del & Hud lll.l'f 0. s Paris-Ly-3ied Paris-Ly-Med Peru 65 1980 Peru Peru 7s. Pir ruuna Erie (Pa) elt tr 9034 ¥la Bast C §a Gr Trunk stdb Grand Truak 7 rt Northe 4 %8s B., ireat Nor gen 78. .« Hav Bl Ry §%851.. Hua & wio o3 6 M GrDo Sol 6s Rome 6% » So Bercurar a5 EnS Aremvmannnal -1 EPNS i 3 0 4 1 [ 2 28 - a8 - S Rt T L T T (O P MISCELLANEOUS. Abram&Straus §%e 1 1044 l.ll‘ Alleghany Cp 55’44 29 99% Alleghany s "49 wi 45 99 AmAxrlChlm 1% lG mM Am Chain tl Am Chem 538 ev'dd l‘ 102% Am Cotton Oil & Am Int Cor §3%8 49 AI 103‘4 AnSmit& R 13t 1 99 N 105 95 aven 3348 64. NY NH&H db 48 67 Bast c\l‘ l\lc THhe l Pisk Rubber 3 5 1 Gen Cable 8% - - O AEMEANABONOASD CONM00NNEEN Do~ 160 100 100% 100% filinols Bell 18t b5, nou 102“ Ilinois Steel 434 s 5288 £ i Int Tel&Tel 4348 av 11, KanCity P& L 8 Kan G & E 68 62 geone rerEEr L3l E PO < P {3 13 » forey P = =T TP & X188, 1 T 18t bi ;l nu.a n- 25 Phila .l.ld s 49 136 RAILROAD. o i 86 110 11‘4 24 10*\4 1014 " 103% a3 110t 110% 1011910114 Rt 98% 98% 106 106 39 bl 1004 1004 9% 89% 103w 103% /3% 8% 893 89% 1014 101% llh 934 4 101% 101% ul 11l 107% 107% 1013 101% 2% 2% 106 106 Lo 11 94% 94% 109 109 108 894 ll% % 164 92 82% 101% 101% 68% 58l 98 98 98% 98% 28 23 21 21 84% 8% 104' 104% | 104% 104% | 1004 100% My 69% 75 16 87% 87% 123 128% 104% 104% 60 11 39% 394 7“ ‘l. 'Ifih ‘IIM IT 87 M4 98 110 98% 8% 28 98 954 95% 97 7% | Ghemical Co. 2 86 105% 105% 1124 112% 118% 118% % 864 864 105 1084 oot 42 7 103 - 103 984 95% 9T 974% CRAB: SHIPMENTS LARGE AT MARKET Ample Fish Supplies Are Also eported by Various Dealers. Inereased receipts of soft crabs were gvm a hearty welcome at Municipal 5 u“ikx: yesterday afternoon l.nd morning, making receipts o‘m v.u &m::::t prevailing prices, $1 and from Chesapeake Bly pol.nh ufl m lower Potomac¢ River & dealer \ha ornln o ‘hile many of lhern are ex- oeptlnnall.v large.” Supply Is Plentiful. Prices would be somewhat lower, ac- cording 1o dealers, were it hot. for ex. shipping an m in transit. It is almost impossible to prevent losses in transit when the weather is so warm, nnlera stated. Plentiful supplies of hard crabs and crabmeat were offered the trade this morning, the hard crabs being cheaper than a week ago, the price of the meat being about the same as p the past few days. ‘While all varietiés of fish 'm not. extremely plentiful, lceofdihl -deal~ ers, recelpts were ample to meet de- mands. Business was not _particularly brisk aleng any lines this morning, according ta reports, but there were ample eom- modities of all kinds to more than meet demands. A decidedly firm condition of the meat market wis reported, prices of good beef going to 22 and 25 cents. Veal was quoted at 23 to 26 cents, lamb at 28 and 30, and fresh hams at 27 and 29 eents. Prices of most other meats remained unchanged. Today’s Wholesale Prices—Jobbers® Prices Slightly Higher. Butter—One-pound prints, 4414 ad51; tub, 4314ad4ls; store lennery, 33a34; freah se)pcud, II. 40; large, & orns, N'h. 30a32; roosters, 31; ducks, uno keats, young, 60a65: old, 33a40. Dressed— 'mrkew an;u, ;pr:u 1:111?1;:;&'. 40;:‘0: hunu 8240, fowls, 37a38; N lg‘ 8135' ducks, 30a32; keats, Bhl mm. fresh ulled——«lul 22a25; Vel.l. :n:a lamb, pork loins, 31a32 resh 26827; fresh shoulders, 188 )i Smoked hams, - 27828; _smoked Lard, in shmlluen 17a18; bwen 26. in pacl 13%. mve nlock—ca vuA 1.! Spring lambs, 14, Fruit and Vegetable Review. ‘The daily market report on fruitg and Mural - Eeo~ ucet.lblu compiled by the Market News | Bureau Ci ies _light; M market dull; nearby Maryland and barrels, pointed type, mostly c-.nubupu—Supmu moderate; mand moderate, market steady: cul- fornia. Imperial Valley jumbos, Ifi. 4.5024.75; jumbos, 45s. 5.0025.25; jum! flats, 128, ‘158 and 11s, 1.75; mnam flats, 128 and 188, 1.50;. 85 apd 9s,1.25. Lettuce—Supplies very light; demand Heht typk:.‘-s - fili:%:‘lll. orates, rg ozen, light; demand light, alifornia, standard erates, U. 8. No. 1,'2.15a2.25. light; ' demand N¢ 2.25; new stock, l\mnml’i‘u‘ubenl w d light, market ‘weaker. *h Carolina and Not som!on Vir- ginia, cgth-wp stave barrels Col toes—Supplies liberal: moderate, market about stppl, fours, rm W!lh‘ 'n'ped. » 1.45a1.50, mostly lrolmd 1.50; few low as 1.25; lomn sixes, green, ripes and turning fancy oount, awuoo few m‘ er; choice aount zun M lower. String Hberal; mand l»der-u t steady; North Carolina, bushel hlmpe n, 125 urlfi m‘rgy 1.50a1.75; &J&'{ ~ inia, - 5-pecl {m 2.50; blagk \nhmu, 1.50a1.75; nenrby Maryland, bushel baskets, green, fine qu-m.y md mndltlnn. 2.5022.75. ul?. moderate; de- mand ht, mrw steady; North bushel - hampers, 1. 1.80; Norfolk nllbnm mb\la’.. white, 1.50a1.75. Peppers—Si t; ight, market shently weaker; Fioridn, | theee's l‘rl fancy, 3.00; ohoice, H""‘m orates, faney, hl'h bush, 3.00; other vlrlem 2.508.2.7! Carrots—Supplies light demand light, market about steady; California, West- ern lettuce crates, bunched, 3.50a3.75; Norfolk section Vi ia, 15 barrel crates, bunched, 1.25; crates, 2.50. Onrn-—SQ'uu moderate; demand Bltkera, mostly “S00; Alubassa, cratee al ora 2.5082.65, mostly —_— DAVISON CHEMICAL CoO. MAKES MERGER PLANS Special Dispath to The Star. < BALTIMORE. June 14.—The Davison Chemical Go. has completed negotia- tions fer the hlunn of tral e Hngersiown: 34, and of Lo G ly pt e rl me- 1eal Co: of B , huonl»tln- m.“ lbulot 'rnu,nduhuhch mixed hrtllu' n It has held first rank the Lan Lancaster, vu Ill. 'o t. for the year to the estimated ab 362.- Baume ric acid, nnodfi"wo Gtm‘wfiaamqm st caivs SILVER QUOTATIONS, ' NEW YORK, June 14 (#).—Bar sil- ver, 53; Mexican dollars, 40%. GERMAN BONDS AND STOCKS. NEW YORK, June 14 (Speci-ll) — e Geawing ctl ctls 3 20 " latiho b - Hambar ll. 0.00 Diseol Br:mm n.:: DeuL demand |, S m %o sales oft shnrply ; | sive purchas de- | made hel | change. plies light; demand lflally mker; P'lor!u. o BATTLESHIP DECK IS BUILDING MODEL New Proposal for .Floor Con- struction May ‘Revolution- Ize Construstion. BY JOHN F. SINCLAIR. Special Dispatch to The Star.: NEW ORI, Jusé 14_Lee H. Miller, chie Spepe o ] world with the \ht ml floor glnu be' un!l n Just like decks of or the l:lnulnl ttleshy e i e, system has tremmmu poasibilities for build- ing. The propesed m of steel plates would reduce oplumn _loads, provide ter nreng\h and stiffness, and lower cost of construction. To the present, no part of a building structure bas beén more unsatisactory than floor eonstruction. The steel in- dustry has furnished only tHe skeleton frame, leaving the floor paneis to be provided by brick arches, flat, tile arches, or Wi reinforced concrete and gyp- sum. ese materials are very heuvy, and weigh conndembly more tlnn live ‘whieh 18 to be supported. By use of steel pmu and ord.tnnz structural o\ul beams, however, propased to develop a welded steel floar in which it will be possible to dnurmtm in advance 0! the stresses in e t of Fa 18 limited oW by the clplelt foundations to Carry the dend Joad on the structure. By means of a peculiar proeess of welding this. sueel floor will recover in-| stantly a full 100 per cent of its deflec- tion, thus supporting a much greater weight than any floors now constructed. 8o the tall bulldings of the future will tower far above the structures now found in large cities. The Woolworth Tower muy be a pigmy mmruud with the g 5l pers to C: 0% Lig] ter weight, struction, lower in eost, steel flofin tg; I!! ‘will be indestruct! sible nu the M glants i‘"ll h the Nation and viits Ghies both East ‘nd Weee one finds in each a few stores that stand out as patticularly excellent, while ?.wh:. strugele along tying to make a W{Yilhb’ ‘What is the reason for the great success of a few and the only fadr success of the m: in business? A well known store ex.:c‘uy'lve ‘was asked ndising 18 an art—not a acience. Whue a close study of selm flc methods retailing is is only a means to an end, and nuc lho end itself.” '.hc Toat So ])ufl“ 'w -years there been-gruzomphum on the aj Oy ATy \ve accej e e T S ot merc] was asked about these “Yes, along with this scientifie trend Have come & hundred hew forms,” ha sald. "!ome are good and some not o good. of them makes a ""'.?.l::"“ perous md great. They ma (r..t atar. mpther. but the machine, how cleverly organized, can- 008 T Yglue the brain. h who ‘:ul.lt up Y»Io per on scientific methods, hn. m.y were on common sense, and this i3 what made them what they were. Com- mon serise remains the greatest factor n merchandising, as in every other M:O!I w“ul business is not.se ‘The retail nsf trade 18 s, “""“?of'?.‘?.’ fleld ml er M Several llc“l threaten fuf of. the business; mul ":l’r:fl“. lowering of mmm It rom wholesaler, ove .éc and carrying of non-me lines. ot the rebail } l:'_::v” & m; sary for je r o] inventories at & -flnun 'l; g e, e o oent of their sales. jewelry lines. The. greatest Drofi. are where selling is concentrated on high-{ nade Jewelry alome. Sc entific 18 the only sal- Stock val shrul 100,000,000 on the New York Stocl R g for every Ne m\u the g:g in March, more - than up ‘the increase in April, so these stocks are lower now than at the end of February. ‘The motors ‘worst, then cision en rail valuations handed down by the Supreme Court in the O'Fallon case. And yet the rails have not responded to the decision to the degree expected Loam on Autos ¥ Kegal Mterest Quick Scmo.beo—-ConfiJmhcl UNITED LOAN CO. Rosalyn, Virginia Just aeross Keéy Bridee—Opposite Bank profits are m| me drop, M by rafiroad leaders. (Gopyright, 1928, by Morth American News Daper Alliance.) Ay A pillar dating from Roman days has been found supporting the corner of & house at, Angora, Turkey. MON!Y TO LOAN maters Piscin h‘.‘:‘-‘u’:“r- “Conult WELCH Ro-ltm m an Nn\iunl Snvln'- and Tr--l B N.Y. Ave. NW. Main n Nenrby Virginia 51 /2 % Prudential Insurance Co. Loans Commonwealth Investment Co. P17 15th 8. N.W. Phone Main 2623 1 WILL SELL 88 Shares F. H. Smith Co. 7% Preferred Stock @ $60 Per Share Par $100 yield, 113 %. Thomas L. Hume 1412 G St. M. 1464733 Opening for BOND SALESMAN .. Local bend house spécializing in high-grade bonds has an opening for theroughly.experi- enced bond salesmen. These men must have an established clientele. . Full co-operation furnished. Only these with stated quali- fieations will be eonsidered. In- quiries will be treated confi- dentially. Our men know of this ad. Address Box 118-A, This Pay Day Start Buying GUARANTY ON OUR MONT!‘ILY 6% ina investments (hlnrd‘ifl 'v{fiis of S e 6% E'.:?“l"z W FIRST MORTGAGE NOTES AND BONDS 3 S T o i l'-ll:h\ll'bl URBE SO T 6% mfi_” .n«fina up & nun u l!-nhly ,.y.'mm it desired Send for Booklet, “The Success Plan” Capital Resources $3,400,000 24 JACKSON PLACE FINANCIAB, “WALL STREET and WASHINGTON” by JOSEPH STAGG LAWRENCE Prineotes University— Author of “Stabilisation of Prices™ " "Boak of the hour”, "A vivid analysis of a living issue is & confliet of titanic proportions with the Federal Reserve Board and a group of radical senators om one side and the grestest financial distriet on earth on the other. m—-hmmmmw:dv.nm 'to Be master of its own destiny and the right of the Foln-l Reserve Board to dictate the course of stock prices and member bank credit practice . . . i.e., arbi- trary comtrol of the rediscount rate. Price $5. 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" {‘One Dollar or more "will identify you with QUR SAVINGS DEPT. - Open Until 5:30 P.M., Monday, June I?lh 3% Paid on Savings Trust Dept.—Safe Deposit Boxes—Travelers’ Checks IlflmwnmlmlmlllllimmlllllllIIllmlmlmIIIIIIIIIIWWMWIWMW 'F‘or' Investment— Buy and Hold Cities Service Common Stock The advisability of buying Cities Servxcq Common stock and kolding it for invest- ment has been amply demonstrated. An investment of $2,000 at the date of issuance, January 1, 1911, if all steck ‘dividends had been held, would now pro- ,vide at its present yield, a yearly income O{ abo t $3.400 in cash and steck—much more than the ongmnl investment, HENRY L. DOHERTY & COMPANY 635 Southern - Bldg. @, ‘Washington," D. C. _ Branches in_princigal cities CLIP AND MAIL THE COUPON o e e e e e NGmeé o commern o oottt « o s« sy B L L L i p e — 2 L€ 0 1nis MyArer - o Asiere o stz o+ b s T.D. 8.