Evening Star Newspaper, June 24, 1929, Page 15

FINANCIAL. RLANDUTLTY BOND ISSUES GAN Convertible Group Is Again Active Following Rise of Last Week. BY CHARLES F. SPEARE. Wpecial Dispatch to The Star. NEW YORK, June 24-—Convertible bonds started the week at a pace that to duplicate last week's totals this group, which were over one- third the combined volume of all classes of investment issues. Large blocks of American Telephone & Telegraph 4!,s were taken to above 133 before there was a reaction. At this price the recent advance had amounted to over 9 points in & week, representing _transactions of $13,000,- 000, International Telephone 41;s were not so active, but made a larger gain and .also touched & new high price. ‘The demand for Atchison convertible 4lps and for Missouri Pacifie 5158 rep- resented the new interest in railroad securities. Southern Pacific 5138 were fairly active, but not much changed in ice. Inactive issues that made a good showing were American Writing P'?.:" 6s and Spokane International 5s, whick Tecovered 2 points of the recent decline of over 5 points. Interborough Rapid Transit Stamped 5s dropped over a point, selling lower than on the break that followed the adverse Supreme Court decision last ng. ‘The foreign list was quiet and gen- erally steady. German issues acted well. So did French rails and munici- palities. There is still an uncertain market for the poorer grade South and Central American obligations, with diffi- culty in negotiating trades in them. ST Washington Stock Exchange SALES. Chesapeake & Potomac Tel. 58 of Va.— 31000 a8 101 S fton Gas 65 “A"—$200 at 101, $200 at 1003 ‘Washington Gas 6s “B"—$200 at 10314, $100 at 10: Capital 315, " Traction Co.—20 at 9215, % at Potomac Electric 6% pfd—S at 112. Potomac Electric 5% % pfd.—6 at 107%. Second National Bank—3 at 232, l‘ms:hllel’-—m at 105, 10 at 105, 10 National [ Mtge. & Investment pfd.—100 at 4, Stores pfd—5 at 118%. Estate . & Guar. pfd.—3200 T35, 80 at 7%, 60 at 715, 100 at 7%. AFTER CALL. Gas 6s “B"—8$2,000 at 104. Mergent Linotype—20 at 105. Capital Co.—10 at 82%, 10 at 92%, 20 at 92%, 10 at 92%. ‘Potomac Electric 6 —5 at 111%. Capital % mnbnco.—pionnv ‘Washington Gas 5s—$1,500 at 1, Capital Traction Co.—10 at 92%, 10 at | Peru 92%. JUNLISTED DEPT. Miller Train Control—100 at 1. (Reported by J. & W. Seligman & Co.) . : Bia® Bl ON NEW YORK Sales High 5 96 46 5 107 FOREIGN. 194 USeussI. Argentine 4= Ju s rgentine §s Oct 5y Argentine May 1 Argent| . Australia 6s 1957, Austria 7s. 191 Beigium 78 1956 e = ur~rant amaSansnel Danish Munic Denmark 4 % Denmark 6 Denmark ¢s - AN UAE KRS s Norway 648 1 Orleat Dev 5%s 57, Paris-Ly-Med ¢s. Peru 6s 1960, - 4 3 6 5 £ 3 7 2 2 2 4 1 2 b 1 2 3 L] 1 10 5 3 2 2 2 4 1 2 6 8 3 1 (3 9 5 Humble O1) 25 1 Humble O & R §%0. 15 {Illl‘ll Ball 1t KanGasn . Kendalls %e'¢8 war, Laclede bs. Lautaro Nitrate Loew’s 10020 100 20 100 20 . 85 10219 103 13 (0318 1107 1107 1 BONDS srocx excaance| Received by Private Wire Direct to The Star UNITED STATES. (Sales are in $1.000.) 8a! High ' Sinclalr Crude 6%» {Sin Pipe Liness © 47 95% Luw 3 T 101% a6 1 South Bell Te) b: Southwest Hell b : S1and (11 N 3 b 46 54 Sand O N ¥ ¢ 1 Sumarksiorienteis Tenn Cop 6s B Lennkiecrow Transeont! O 9616 96 16 8ales. Migh. Low. Close. | ( 8 Rub 1st rf 99 99 2 107 1001 7 100 Wiison & Co et Youngstn § & T 5s. RAILROAD. Ann Arbor 4s. 5 2% Atcnison ad) 4 Atcn.son ken ¢ Bkiyn Un £1 bs ata. Buff K& Pitt 4% Chi L&y gen 4 CH&Qens T ChiB & Q 18t rf b8.. Chidels 111 go 68 61.. el unestnnCanan wem Chi & NW 1a. 105 | cni kya bs. orm-alenbeSel. 0202 9% | Caba Nor Sws eta. . —— Suktmn > Hud & Man ref 68.. 11 Central £ 6 56, [11-C-C-StL&NO 6 e b BanBan exnon L LT T - - v &Lt 4%s. MILEI Ry & L S8 61, Minn & StL vef ¢s.. St PASSM - Cate - PR IS 11— - P TRWRT TON TR 1 9744 1 00m 4% 8. Pennsyl gen 4% 94% | Penna R R 4! e R 1 SneS - S e 102% SBAINFIa®sis A, % 96y | SO0 Pacelt 4s. 9 Sou Pacifio ref 4 102% Sou Pac ¢%srets.. 95% Sou Paoc ¢ » 100 " | Sou Ry gen 9844 | Ulstr&Del 55'28 sta. 99 | Union Pac 1st 104% | Union Pacific 4s 95% | Union Pagc let rf FR U S CHANGE Office 9 9 : Growers Report Recent Rains; 4 ! and yields of early vegetables have been = | received. 80% | 1.7582.00; VEGETABLE SUPPLY 1S PLENTIFUL HERE: Have Benefited Crops. Peaches Received. Rain last night and early this morn- ing was not especially meeded to I.M“l.‘lnt wing crops in nearby Maryland l.rll.‘nnlti. crops still getting the benefit of the heavy downpeur last Friday might. It was admitted by growess, however, that the more recent raim is certain to be beneficial. Growers have mot yet been hard hltl by dry weather, according to reperts, During the entire tated, nearby grow- ! quantities of greens, | heavier {han usua Spring season, it ers had immense varieties of small vegetables Receipts Heavy. Receipts of fruits and vegetables this morning were fairly heavy, dealers re- ported, and a fair demand for them was registered. Because of the warm weath- er, reugtm 'ereloui‘ e"tlk’u u:l the x::ro.l;n- to supplies for ay's le, ll" ‘wholesalers were able to more than meet demands. Hiley Bell peaches, pride of the Geor- 3 . of the season, were re- ceived this morning in fairly large quantities, being the largest and per- haps the most attractive peach thus far | They were quoted at $4 a bushel basket. product of California | around $3 a crate, them at 35 cents. The first received this morning was of falrly large size, and it is said of them that it is impos- i later gathering big crops of the several influence on the day's fluctuations and some influence on the secondary move- ments of the market. But in a market possessing over 700 more or less active stocks it is almost impossible to imagine a financial organization strong enough Py N X § g0 opposite It will be te your interest to investigate. :‘a-dnd Collateral Shares Corp. klin 338 Woodward Bids. ECHRCSIIR Columbia Building Association " ; 716 11th St. N.W. Under Government Super: n PAYS 5 PER CENT Let Us Refinance Your Maturing Lean No Comamissions Charged 20 Years Successful BMM Without the Loss of a Dime Insure a Complete Rest This Vacation —by availing yeurself of the services of OUR TRUST DEPT, fAppointed as your temporary gen- . eral agent, we will assume, charge of your imvestments, collection of in- come, payment of fixed charges, etc., enabling you to divest yourself of every business worry. Call and talk matt i ue Trust Officer. i National Metropolitan Bank Oldest Nationa! Bank in District of Columbia 15th St., O ite U. S. Treasury NATIONAL MORTGAGE AND INVESTMENT. CORPORATION tal $3,000,000.00 504,50, 178; Dreand 128 5.00; m““ t; demand mod- erate, wtm: California, crates, type, 4-5 dosen, 5.7506.00. moderate, market steady; llc.' York, 2- dozen crates, Big Boston type, 1.50a1.75, 53% | few 2.00. 1ighe, macket femdy Catiforsia, gand: ard crates, Yellow Bermudas, No. 1, % | 2.1082.25. moderate, bushel lina, U. 8. No. 1, .25; East Shore, Va., cloth-top, stave barrels, Cobblers, U. 8. Natersmelons--Supplies moderate: de modera! " mand market steady; Filorida, et m 3 o steady. % | mand moderate, market about North Carolina,’ bushel hampers, green bountifuls, 3.2582.50; other varieties, Norfolk = section, _bushei some poor eondition, ipplies light? demand moderate, market steady. Norfolk sec- tion, 994 | culls, 1.50a1.75; North 3.0004.00; or 00. light; lerate, market steady. FI tes, fancy, 2.50a3.00. com-—suprfles liberal; demand mod- erate, marke! . Alsbama, crates, 1.78a2.00; Texas, bushel , most- ly 2.00; North Carolina, crates, fair to 8% | ordinary quality and condition, 1.00 al1.50. STOCK MARKET POOL POWER IS DISCOUNTED Capil This eorporation offers for sale notes sscured by FIRST DEEDS OF TRUST T LA R, = 4 Denominations as lew as $250.00 6% Interest A Special Service ls Offered to Investors. NATIONAL MORTGAGE AND INVESTMENT, CORPORATION . 1004 Verment Ave. 'N.W. i % weot FINANCIAL. Loans on Autos Quick Service— 3% Confidential | UNITED LOAN CO. (Bonded) i Our Oly Charge JAMES Y, PENNEBAKER 'l,l:::l.nw.". el Main 5328 1520 K St. N.W. Just _A:ross ey Bridse—Opposite Bank Consult Us Regarding " Your Maturing Mortgage LONG-TERM REAL ESTATE LOANS 5Y2% We Make First Mortgages on Homes, Apartments and Business Properties in the District of Columbie and Nearby Maryland-and Virginia RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue Decatur 3600 Mortoage Loan Correspondent, New York Life Insurance Company Complete Investment and Bréketage Service Copy of our “Fortnightly Review™ furnished om reguest G. M.-P. MURRHY & Co. Members of New York §toek Ezchange 1508 H Street Connecticut at K WASHINGTON, D. C. Telephono Main 9600 New York Philadelphia Richmond Private Wires and Telephone to New York Equitable Co-Operative Bldg. Ass’ o 128 et . WAL T e AR coiieienerer 35FILOPLES Surplus & e SL801,10498 Subseription for the 97th lssue of Stock Being Received Save Systemati i thy Exutable TH'E l;;mitublg': plan of sys- ematic savings encourages thrift- in a manner that if con- sistently followed will eventually lead to financial dence. Start now while you have a steady earnin wer. Come.in and let u‘: explain about eur systematic plan. $2.50 PER SHARE 9ISFSLNW. _ * *I should like to get a better income— | - what is your opinion?” asked the reader “Buy Cities Service,” answered the editor ADVICE of the kind given in the sbove clipping sppears dy in the investment columas i ‘“m in' ra o fithm%lwumu Editoes charged with assisting the ‘ Only the record of coasistent accomplishment which Cities Service . has made could call forth the ified endorsements d many unqualified ginfk by these trained HENRY L. DOHERTY & COMPANY 634 Sowthern Bafiding Washingten, D. C. HMENRY L. DONERTY & CO. Seuthern Bldg., Washingten, D. C. Send copy ef booklet describing the iavestment possibilities of Cities Service securities. o R PR S R ST TS