Evening Star Newspaper, July 11, 1929, Page 15

FINANCIAL. THE EVENING STAR. ~ REPORT OF CONDITION of the Woodridge-Langdon Savings & Commercial Bank Qf Washineton, in the District of Columbls. the close of business on June 29, 1929, RESOURCES. counts ... ..5308,53 82 228.1 e 147.208.37 212 41.801.35 | Cash and due from banks 67.908.73 Gutside checks and other cash items . Total rnsvurms Capital stock paid in Surplus Undivided profits—ne Reserves for dnmrmk con- tingencies, Due o Banke: inclnding tified and c cashi outstardin : osits . ‘mand _de Time deposity 260.886.87 Total 71656.840.27 District of Columbia 1 Ebpa 1. Norris president and cash- et of the above oank. do" solemniy s5ea that the above siatement i true o the Bett ot my Knowirdgs e0d belle ok Vice bresidsnt ang Chshier Bubscribed, and sworn to before me this H RMSTRONG. BTN AN tary Public. HN B. RUBINS, S % RVALLON. Y NBirectors._ Correct—Attest: s Mortgage Loans STORY & CO. 812 17th St. Met. 4100 Mmcm e 159th Dividend Tue regular quarterly dividend of Two Dollars and Twenty-Five Cents ($2.25) per share will be paid on lulv 15, 1929, to stockholders of record at vl.g close of business on June 20, 1929. H. BLAIR-SMITH, T Consult Us First If you need money for vour Real Estate financing let us have your application today. Prompt Service No Appraisal Fea The Commercial National Incorporat Cash Capital, $900,000 National Bank Blds. 4th and G Pald uwp Commerelal ComrLETE FINANCING TRUST MONEY On homes, apartment buildings and business properties. No appraisal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. 24 Jackson Place - Main 1403 Complete ' Investment Service GreeeT & CoO. BANKERS 'VESTMENT BUILDING WASHINGTON, D.C. Telephone, National 2460 Guaranteeing Trade Mark Satisjaction Service Station 1S OVER 43 YEARS OLD —and, like many students in Foreign Universities particu- larly, has devoted a lifetime to study, advancement and experi- ment—improving the store’s facilities_constantly. Our ripened knowledge en- ables us_to recognize at once where improvements exist— and the items are added to our stocks. It may be a Steel Filing De- vice, a new system of Visible Indexing or some other office equipment that adds to ad- vanced facilities. Our representatives are at your service to call and explain and demonstrate, thus bring- ing the store to you. When you think of Stockett- Fiske, think— OFFICE EQUIPMENT AND SERVICE Phone National’ 9176 STOCKETT- rno!ucmo STATIONERS o1 ST -l > W WASHINGTON-D'C CONVERTIBLE BOND - LISTTURNS DULL Other Groups Move Fraction- I ally in Quiet Trading. S. Issues Firm. BY CHARLES F. SPEARE. Special Dispatch to The Star NEW YORK, July 11.—There was less doing in convertible bond issues today than in any session in over a | week. This affected the general total | transactions, which have been recently boosted by the heavy operations in stock option securities. The market for the latter had a tired appearance for prolonged periods today. Trading in International Telephone 4145 | at times was at a standstill, with the bonds only fractionally changed from Wednesday's closing. American Tele- phone 415 were dealt in to a larger ex- tent than all of the other convertibles combined. with an early gain of 2 points followed by a loss of nearly all of this |and then a further advance. The de- | benture 5s rose a point on small pur- chases, Heavy Tone Shown. Atchison 4!,s, Missouri Pacific 5'4s, | Allegany Corporation 5s, American In- | ternational 5!5s, American I. G. Chemi- | cal 5l¢s, Southern Pacific 4';s, Phila- delphia & Reading Coal 6s, Interna- tional Cement 5s and Remington Rand 5%2s moved within a fractional range, with a generally heavy tone, ‘The market was strongest among the bonds affected mainly by money condi- iions. The offer of the United States Treasury to buy $75.000,000 of the 3!, per cent Treasury notes of 1932 stim- ulated the entire Government market, inasmuch as the Treasury bid was more than . point over the price at which { these notes have recently been selling. | All of the Liberty bonds advanced ‘. with even larger gains in some of the | long-term Treasuries. The new 5'j per cent notes sold at a premium 0{ about %. From an original yield of approximately 5.15 per cent, the bonds have advanced so that today’s bid price was at a 4.05 basis. Legal rails and public utilities such as | \Atchison 4s, Baltimore & Ohio 4s, ;Kor(hern Pacific 4s and 6s, Duguesne ht 413s, Prisco 4!5s and Southern tific, Union Pacific and Pennsylvania hnes were all firmer. % the foreign list '@ new high price | tor the year on French government 7s| was the feature. Chicago Bond Action. | An interesting development today was | 2 | the refusal of the Chicago City Council to consent to the sale of an additional 140,000,000 of 5 per cent tax anticipa- tion notes. The objection to this that the bidders for the notes intended to | deposit the proceeds in a Chicago in- lsnmtlun at 2 per cent interest, which would probably be reloaned in the open ’market at the present high call rates| and net a profit, according to the City Councll, to the bankers which did not | justify them in charging a rate of 6 | per cent on the notes. From the dis- tributing side it is obvious that the notes could not be sold to the public on | much less than a 6 per cent basis. PABIS BOURSE PRICES. PARIS. July 11 (P).—Prices improved on the Bourse today. Three per cent | pentes, 7¢ trancs 80 centimes: 8 per cent loan, 102 francs 25 centimes: exchange \ on London, 123 francs 91 centimes. The { dollar was quoted at 25 francs 55! i centimes. {Washington Stock Exchange SALES. | Capital Traction 55s—$1,000 at 99';. ‘Poltglmlc Electric Cons. 55—$2,000 at Washington Gas 5s-—$1.000 at 10015, $3,000 at 9. Potomac Electric 6% pfd—2 at 112. Washington Rwy. & Elec. pfd—1 at 9715 Mil‘;cchan!s‘ Bank & Trust Co.—10 at AFTER CALL. Washington Gas 6s “A"—$600 at 101. Anacostia & Potomac R. R. 5s guar.— $1,000 at 96. Potomac Electric Cons. 100%, $1,000 at 100%. Capital Traction 55—8$1,500 at 9915, Washington Rwy. & Elec. pfd.—5 at 98. Potomac Electric 6s 1953— Washington Gas 6s “B’ 10412, $2.000 at 1043, 10455, $2,000 at 10415 ; 3500 at 1043, W::mng‘nn Rwy. & Elec. 45—$1,000 a'. Washington Gas 6s A—$1,000 at 104'. Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Telsa. 4 & : 55—$2000 at | Amer. Tel. e Amer. Tel, Am: S0 Bburoan Georsetown Gas 1st 85 6s. series B a0 e 8 MIMIL'LMEOV!. | Barber & Ross, , In - ansle Hotel 84 thut Farims Dairy “Joint Stock La. Bk. 55 h. Mkt. Cold Storage b h. Cons. Title Co. 6s. STOCKS. | Amer. Tel. & Tel Becond National Bank of Wi TRUST COMPANY. | American Sesurity 4 Trust Go Continental Trust Merchants. Bank. National Savin Union Trust Washington Lo it BECOMES savings & Go Seventh Streel el United 'States Washington Mi Capital Traction 55—$2,000 at 99'41, S Consumers Pow bs.. Cuban Am S Dodge és. Fisk Rulber 8 Gen Cable 6% Gen Mot Ac Cor 6 Goodrich 6%s. Goodyear Hoe & Co Int TelkTel 4%480v177 ON NEW YORK BONDS@ Recsived b3 Privaws Wire Direct to The Star Ofice O Posta) To) & C 5% 3% Pressd Steel Car 68 1 RemingionAr 6833, 1 Rem Rnd 6%s war. 19 Sinelair Of1 102 Stnelatr O1l 3 10426 10126 Sinciatr O 51 10528 10818 FOREIGN. w. Close. | Skelly O31 6% BANE Rt TO%. Cots Snulhwul Bell 99 99 99 99% 9914 994 995 994 9y 99% 86% E6W 94% 954 94 94% 108% 103% 96% 96 Bl 95 100 100 104% 107% 105'% 115 US4%sb2. Tenn Cop 68 TennklecFow Transconti Oil EasaTRINS Utilities Powr 6% Vertientes Sug 7s.. Walworth 6%8°'36. Warner Sug s 39.. 20 Union b8 61 Union Bank of Chile 6% 1. Belgium 6s, glum § ISP o144 Belglum 7%s . Bolivia 78 ct '69 Mdltebyes dudyd | Youngstn S & T b RAILROAD. Atl & Dan 1st 4. 43 AL&SE cvt a. Bremen State 78 i Canada 53 1931..... 1 Atiantio C L Ist Atlantic C L 43%s 64 [ Christiania 6s. Colombia 68 Jan' Con Pow Japan 7, Copenhagen 4% s B & O Toledo Bang & Aroos 43 61 Boston & Maine bs, Brooklyn klec § Brookivn Klev 6 Bkiyn Mannat 6s Bkiyn Un Ei 5s Bkiyn Un El 68 sta. 3| Bu R& Pite ek Can Nat 4%s 67 % | Canad North 6 Danish Munio Denmark 4 % Denmark 53%s. Duteh East | 6847, at 78 x war Finland 6% Framerican 7%s French 78 French 7% German EI P é%s.. German 7s. German Bank Ger Gen Elec 1 Greek 63 1968. Cent of Ga 58 C'59. Central Pacific 4s.. Cent Pac 18t 68 90., Ches & O Corpn 6s. Cnes & Ocv4eys. Ches & O gn 4%s. Ches & O 4348’93 A Chi & Alton 3s. Chi & Alton 3%3. .« Chl B&Q gen 48 53 CB&QLI3H {CB&QUIdIV Chia 11 gn b8 Chi Gt West 45 69.. Chi Ind&L gen 5s. . e 100 100 999 96 Kreuger&Toll 58 ot Lyon 6s Marseille Milan 6% Netherlands 63 - == P TR g e Y g CMSP&Pacadjbso3. Chi& NW gen 4s.. Chi NW 4348 2037, Chi & NW ret bi Norway 58 1963. Norway 5%s. Norway 65 1943. ... Norway 6s 1944, Norway 6348 195! Orient Dev 5% e ChiR1&Pries... ChiRI & Pac4%s. ChiSLPM&O 68 sta. CRITH&SESs... Chi Union Sta 6348, CleW16%s362 CCC&StL bs " Peru 6 1960... Peru 63 1561 Peru 7a.. Poland 65 40. Queenslapd 7. Rhineibe Un RhineWat £5 Cuba RR T%3.ee.s Del & Hud 1st rt 51, 1 Del & Hud 63 1 | Del & Hud 78 30. Rio GrDo Sol 63 Rio Gr Do Sul 8s Rome 6%s... San Paulo City 8 Suo Paulo 83 193 Sao Paulo 1950 Saxon (PW) N B N ot U =PIV PR U~ ot PAPPIOSS -~ » » o LIS -THAPN Grand Trunk . Grt Northn 4 %s .. Great North b Great North 6%8... Great Nor gen 78... Hav El Ry 6%s61.. Hocking Val 4%s.. Hud & Man a) bi Hud & Man ret 58 111 Cent 48 52.. 111 Cent 45 63.. 111 Cent 1ef 4s. o 11 Utd Kingm 6%329. 2 Utd Kingm 5%837.142 MISCELLANEOUS. Abram&Straus 6%s 109 Ajax Rubber 1 Alleghany Cp 63 '41260 103% Alleghany 53 ‘49 wid5s 103 AmAgriChem 7%s. 4 105 Am Chem 5%s cv'49232 107% Am Int Cor 5%8 49305 1161 Am NatGas6%w'42 2 78 AnSmit& R 13t Am Sugar Ref 9 103 Am T&T cv 4% 839 2941163 21 102% 45 105% 4 KORHANR® - NARRAN WO IBO WO =N RSN SN ek Int Gt Nor 6 19 Int & G Nor 1 - Int Ry C Am 6s 41.. Int Ry C A 6%srct. Iowa Cent 1st §s... Kan City F't 8 4 Armour&Co4 s 35. Armour Del §% Associated Ol §s. Atl Gulf 8 5 Atlantic R Bell Tel Pa Bell Tel Pa 63 C, Bethlehm Sti pm b8 Beth Steel rf b3 Beth Steel 38 §3. . Bethlehem Steel 6s. Certain-Tdé % srcts Chile Copper 6s... . Col G&EI 6s May 52 Com Invest 6348 49 Com Invest 6s°48. . Mil k) Ry & L3 61 Minn & StLen 6s... MStP&SSMbs38gtd. M StP & SSM 6%s.. MK & T 1st 4 MEK&T4sB. Mo Kan&T 4%8 18 MK&TprinbsAe MK & Tadj 5 Mo Pacific gen P Cuba Cane 8. Mo Pacific 55 G Mo Pac 5%3 49 ov! Mont Trm ref bs 41. NRM4%s51asst., Denver Gas s DetroitEdisonsaio., Detroit Edison Duquesne 433 §7 - B NS NNR NG ALD NN NN AAERNS A —AN O CADO A s Humble O11 8. Int] Cement bs 48 [nt Mer Marine 2 NY O&W gen 45 55. (nt] Match 68 47.... ! 2 9 N ¥ Suate Ry I%t‘- Int Tel&Teleg 43%4s. 13 KanG&BEs62 42 Lautaro Nitrate 65. Sl A Gor"Band & cemmer:lu mu e C._Pape Mg, ol At Ped ot Federal-American Co 'coim. Federal-American pfd . Lanston Monoty) Pennsyl gold Y% | Pa Ohlo & Det 4% 8. % | Peo & B 1t Pere Marq 1st 9% 9 99% 100% 99 9 100% 100% 107% 107% 104% 1043 98 % H mm 109% 109% 8o 1 28% 98k WASHINGTON. High. Low. Olose. Y% 11, 1929. Money to Loan THURSDAY. JULY Sales. High. Low. Sou Pac 4%s 69 "ld! Y 94N ’CQ Sou Ky gen . Bak% BSW BOW Sou Ry Con 105 Sou Ry 6348 118% 118 S 101 D U, 96y 96% 56 56 99% 9% Thirn Ave ref 4s 80 Tol Tr L&P %8 30 Unfon Pacific 4s 68 Union Pac 1st rf 4s. Union Pae 43 '67. UnionPaclst ref bs. Virginia Ry 1st 6s. Wbasn 4%48 78 rets. 2nd 'l":.lll Conmlt WELCH Realtors Loan Specialists Nnholnl Savings 5th & N. Y. Ave. N.W. Wabash 63°'76 B Wabash 6%875. West Maryland 4s Wis Cent gn 4n 43 First Mortgages For Sale JAMES F. SHEA 643 Louisiana Ave. N.W. FEDERAL LAND BANK BONDS. NEW YORK, July 11 (Special).— Bid. Asked. 9 Land Bank 4vi3 Nov. 19683 Land Bank 43'Ma -3 k 4bes J.&J. 19580p: Land Bank €39 Jan. 1 nude Land Bank 4% 5 Jan. fl%«wu op: 9! 8 80 %0 90 93 3 94 94 98 Land Bank 4 Land Bank w.- July 1 Land Bank Ss Nov. 1 Bank 58 M ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. More than 155,000 women and 103,000 62nd Issue of Stock Now Open men are attending night classes in Lon- don this season. for Subscription = - - | Money Loaned to Members on Easy Monthly Payments Ce First Mortgage Loans | Fair Rates of Interest | J. LEO KOLE | 923 N. Y. Ave. Dis. 5027 ; THE lDEAl. INVI’STMENT = —— - Shndnrdd golhlerll Trusteed Common Mortgage Money Lomed & ek Shares At Low Interest Rates TRUSTEED OWNER- 52'&"’;‘ Corporations: Tyler & Rutherford o S resentls Mutesl Benefit Life Ins. Co. e L Standard Coll.m.lsl..mc.-.. NOW Our NEW Telephone Number is NATIONAL 2100 B. F. SAUL CO. 925 Fifteenth Street N.W, G. M.-P. MURPHY & CO. New York WASHINGTON Philadelphia Richmond London MEMBERS New York Stock Exchange Washington Stock Exchange Richmond Stock Exchange New York Produce Exchange New York Curb Exchange Copy of our “Fortnightly Review” on Request 1508 H Street Connecticut at K National 9600 Private Wires snd Telephone to New York National Metropolitan Bank Oldest National Bank in District of Columbia 15th St., Opposite U. S. Treasury A Spirit of Real Friendship —has ever marked this Bank’s relations with depositors. This policy has fostered friendships of lifelong duration — created good will that ranks high among “Metropelitan” assets. { Whatever the volume of your bank dealings, you're invited to avail yourself of our broad- gauge service. 3%, Paid on Savmgs Real Estate Loans We Invite Applications For FIRST TRUST LOANS on Impra¥ed Property JN NEARBY MONTGOMERY €0. AND THE DISTRICT OF COLUMBIA Periods of 3, § or 10 Years . Or, if You Prefer The Trast Moy Be Made to Beor Intersst at 6% to Include Commission No Appraisal Fee BOSSEeHELP§ Losn Correspondent John Hancock Mutual Life Insuranes Co. National 9300 FINANCIAL, ** 15 Rese: . 8. REPORT OP OONDXTION B ek g FRANKLIN NATIONAL BANK ©Of Washington, in the District of Columbia, at g ""l.l. the close of business on Charter No. 10504. 1. Loans and discounts . 3. United States Government securities owned . 4. Other bonds, stocks lml uecurmn owned . $3,444, ,892.76 7,71 391,887 Gt 3289.14 11,250.00 ........ ,...4....,..35,619,269._9; 11. Redemption fund with U. S. “du 5 Treasurer . . $225,000.00 ,000.00 14,301.23 214,473.61 21,671 17. Undlvuled profiis—net . 18. Reserves for dividends, contin 19. Reserves for interest, taxes an 20 Circulating noru outstanding . Due to banks, in el other expeme: accrued and unpaid 'posi 26. Bills payable and rediscounts . 31. Other Habilities . Total ... Dtltl’lash of Colupmbh 88 lomas P. Hickman, cashier of the above-named bank, that' the above statement is true to the best ;f mymknfl‘llgdgedgn‘:leb:"i‘exfy il MAS P. HICKMAN, Cashit Sublcrlbed and sworn to before me thll ';th day of July, 1929. s (Seal. 'OHN H. SHREVE, Notary Public. Gorncw—mtem, 446635 $5,649,269.95 R. DUVALL, HERBERT GUGGENHEIM, SAFE FILRST MORTGAGES Is safety combined with liberal interest—and that’s precisely what you are offered in our 6% FIRST MORTGAGES Ozer a Third of a Century Without a We - commend them confi- dently because we know the protection in property value that is behind them. You can buy them in amounts from $250 up. Loss B. F. SAUL CO. National 2100 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR SAFETY We Offer Every Financial Service Backed by more than thirty-nine years of experience in serving the people of Washington, we offer every phase of bank- in( and trust service. Departments Savings Real Estate Commercial AMERICAN SECURITY 15th and Penna. Ave. Capital, $3,400,000 Surplus, $3,400,000 Five Convenient Banking Offices WASHINGTON'S LARGEST TRUST COMPANY Trust Safe Deposit Foreign Exchange Your July Re-Investments— Place Them With Confidence. Confidence in the First Mortgage Notes sold through Swartzell, Rheem & Hensey Company is a matter of long established record. In sixty years of business no in- vestor in the securities offered by this House has ever suffered loss. When your funds become avail- able for re-investment in July, you can place them in these Notes with the complete assurance that they will bring you a steady, un- failing income, throughout the years, regardiess of market changes. The regular 6% interest on these Notes is paid in two annual in- stallments; it may be re-invested the day it is paid, without loss of a single day’s interest. - SWA ARTZEEL, III;EEM& HENSEY Cu MORIWAIBAN ERS T27 85 STREET' N.Ws / WASHINGTON D.C> . T T M L