Evening Star Newspaper, August 6, 1929, Page 11

FINANCIAL THE EVENING STAR, WASHINGTO D. C., TUESDAY, AUGUST FINANCIAL. 8 11 |mwuvmuo Money to Lo-n Dotlar. Line anipe N NEW YORK STOCK EXCHANGE :;mg‘ a5 & super-salesman for uum‘ We Have Money CompLeTE FINANCING ivate Wi irect to The Star Office in China and - the | . Received by Private Wire Di i ,, Spilcly diteent Trom. dolng Available business within the Uni ta n- First Mortgage Loans Public Service 4 So5h S3arh 253 Surencs meo in Ohina, for inslance, Ist & 2nd found it easy to write life insurance, For Large C Fair Rates of Interest glowa | Punta Alegre - it o\ hoiins dhed O or ge Construc- J LEO KOLB e Ho |emerous oo 3 e b oes 5 85 S | tion Loans, for Re- | | TRUST MONEY 923 N. Y. A Dis. 5027 . . Lib un aun 108 98 "1 9520 9524 o . . b i $927_|||Reaction in Stocks Reflected| v'sixasi’ s ses0 owan seso ‘| SRELISUIAT L § Traveling Abroad Looking| assinse death, not tor indemnity. " \§ £naneing Apartment Ex L - 3 ¥ o 2 2 Sinclair Crude 848 23 95 94% & % f (m brand of butter, . the S yepars { in Dealings—Other Issues A LHYIRE, 8T 1ot 94 Over Business and Sooial state, 15 known to them 45 the || Ho buildings and business - g ronman, Pa. Sttt el [ o HH alle o Metropolitan k Bldg. Irregular. e 18 100% 1014 Conditions. Ioml.l popDY. BIIIHIII'I. for 22 years 33 100 95 9 't Buy Like Ameri 23 99% 99y Stand O1 N J 63 46, 17 102 101 Don’t Buy icans. BY CHARLES F. SPEARE. 10 996 9912 e S i BY JOHN F. SINCLAIR. The' Clilnesir doait by like Amseric See Mr. Cullen Real EstateMortgage 52 9% 9¢ . 5 ansse 7 : Mortgage Money Loaned ||srcist Diypatch to mhe star, - 351000 ua 100w | Tennkiecrow ea et 25 105" 100 Y O - | it ot iR e TauiEe ™ ey b . & Guaranty Co ugus! stop to | 16 100 99% Transcontl O1l 638 13 100 99% When James G. McDonald of the For- | one wm one stick of gum, a smal Lo P Sll k . At Low Interest Rates the long-extended rise in_ convertible B0 86% 86k United Drug 68 63.. 49 924 9lh | elgn Policy Association, New York, sailed | handful of raisins. Still, the business uls I'. dhoemaker 3 | bonds was brought about today by the | & 33 95 94k U S Rub IstrLés... 22 for Europe last week he had as his|is growing. The Orient has come to 24 Jackson Place Natl. 1403 reaction in stocks, whose markets were us 1407 New York Ave J 11 9% 9% Rub 748, 5 traveling companion John D. Rocke- | rely on the West Coast for the excel- . Ty]el’ & Rutherford affected by the overbought ageculnuvn 1103 108 U S Steel st b8 36 & feller, 3d, son of John D. Rockefeller, jr. | lent quality of its butter, milk, aj plen s N0t 1| MBS CA1e ks e | IO AR e i Expectadly I ST EREeN 5 95% 95% Utah Pow & Lt b; 6 Mr. McDonald is very tall—a litile | oranges. Even ice eream is now being E TR StTaet. N REETSE ey s vaaail v € 0e S Utilities Powr 6%8. & 924 92 over 6 feet 3; 30 is John D., 3d. 8o these | shipped from Californiia to the Chinese. S T 19 100" 100% ::.',‘.’.‘,:‘,‘.'.,':’;',’ ol fwo Americans, traveling {h Edrope, will | | Europe, too. i nct being neglecies 7 e — % 20 10.% 105 - 2 : i not. be inconspicuous. uch of e ing spectacular daily advances. Amer- Kl Warner Sug 183v.. 31 67 66 Th t to visit S P moved across the continent by rail now - o ican Telephone & Telegraph 4158 drop- 5 e Son Warner Sug 1s41.. b 102 101% -4 e e and mm%lu‘:‘:' beg‘-.. goes by boat.down the west coast of at]ona avings & Trust Co C It Us Fi ped ,"’5“ N I e e A Q4 114 “’,“‘ les ¢ 1014 10l entering Russia by way of Moscow. South America, through the Panama b > omsult Us First ||| mored o ta b o s poot. S if dgbn dop Lgh | Watn Uman L L 100, 100" i | el T s, o e of (e worer | Cans] and,n o B, Dl 3 g Otdest Sevins Tnticaton in th it of Coembi If you need money for || points from vesterdays closing. Atchi: 11 100" 9o ouu | Wiison & Co tev s’ 27 T Shrewaest and. ablest of Amertcan | New thips belag bullt for trade between Year Cor. 15th and New York Ave. our Real Estate financing ||| frong start, lost 1 to 2 points and Ll Youssetas 2T ss. & 100k 108 observers in international relations, will | th% Fest Bor é::.mfi-y for itself | et us have your application ||| American International = is, which il RAILROAD. spend deveral weeks looking over social| many times over in the next decade by | today. “we‘r’e blddupl to & new high recurd !Igg— 17 100 9915 AUl & Dan 24 43 4% 1 .-a\‘ 53% 53% an less conditions. the increase in world tnde, mueh of | i Prompt Serviee telephone “m‘flfig M opo% Tecovery i pAEEN et L e Lol SHER WY i & ;’”[ t en Ny aratsabiiFe |in the afternoon. . = 3100 1000 Atcnison ad) 1 86% we 86%| After that they expect to take the . (Copyright, o urplus e Have Irregular Tone. A ot (0 Atch deb 4341 3105 19 140 m‘v‘a{bg}hfnn m’l'hcd Ch%ummwrf-\lfllfl- A a ens . . = 19 108% 1024 ‘ways a. 24 e observa- The Commercial National Other prominent members in this 10 w2 wlla L 69 6» 69 |tions for some time in the territory| BLEACHED GOODS RAISED. group exhibited an irregular tone. 6 9% 9l AuantieCL1st4s, 1 $0% 90% 90% | which has been the subject ol dispute | NEW ~] Inkateatatod Philadelphia & Reading Coal & Iron |Chile7s1 14 102% 101% Atlantic C Licl 4 87 87 87 81 |between Russia and China. i hzoax. A;::n'.he (A:";:cxggl 7 ” ] Patd wp Cash Capital. $900.000 dropped. 2/2 points, ‘with Remington | Colombia 19, 90% ¥0% Y0%| And then on to Kyoto, Japan, fn time | bleached goods % of & cent & yard for | s | —that the mislaying of an im- | Ran s, Kreuger ‘0il 58 ane u- ' t) & P | tato 6s &1 showing, the eflect of profit- 3 1008 10016 10030 | o am useiing Eaate %%:rg;?wu e P ooTde 4 | portant paper or document | taking. General Public Service 528 B& 0532000 D.... 2 160% 100% 100% | “The more T observe international af-| . | i results in much annoyance, :agl:nd'u:'l:olirxx‘t :;:x ::53;:?]‘:5 amon"" 3 ::3:;5;‘:' : {31; ‘I:“‘: ::{;‘: fairs the more I am convinced that most | i even when not lost altogether. ,bond list were United States Rubber 5s, f B & O SWbs 60 15 101% 100% x-n»'&fwi'.}'nf“"ifi'fl:l :;::f:lcv.-m: i Commndily News { Save vourself worry and los which rose a point from yesterday's low M Ba&UToleuo ds.... 49 3 83 83 |pooen oF PO and comiptes paNe you Onpy - Sud St THE IDEAL INVESTMENT | record price of the year, and Bethlehem | Denmark 6 % i Boston & Maine bs. ¥ ¥bls Y6 Ubh ’,',‘,r“:'l::,‘,d M";,,“r‘tfnt?“‘l: 'olme Just. l|u | by giving vour Insurance Policies, Standard Collateral | Steel purchase money 5s, which were | Uenmurk & 5 Srookivn Eiev 63s. 2 Buh av Bs | (ore SCAVE C s O e Rela.| FORT WORTH, August 6 (Special). | foridsaiotock Certibicaies Mhiecdl Trusteed Common up a pomnt and at 101 compared with Ilulcuh 1 Bkiyn Mannat6s... ¥ 9i vz vz | g Te t —The average pric e t etc., the security of a SAFE DE- Stock. Shares last week's low of 97';. Baying for 1 Bkiyn UnElbasta. | 87 87 87 |poi, et mg“nl B.’f citizens of the erage price pald for ewes a POSIT BOX A TRUSTEED} INTEREST) in} i || be (Binking Sund atiected HthairNprice ! Busn Termcon ba.. 3 i Vi Wi | G SO ST TR couniries et kbl Rental % " § favorably. 2 0 99% b9 and goat raisers’ convention at Del 1 Rentals are more than Moder- l&“n,?““”“‘ TR prifi?'u«':um;';m?“’.h'h;""d 5 l"lned '7 :x: e 3‘?: ::cg‘."'rui:'- ?53?&"&‘&&:‘2?‘.;2&’:::,;‘; Rio )ufl;rrlued was lsuf per }3;.4 zv.u{i | ate. Inquiries invited. The “TRUSTEE Wil pay on [ PIic liet. Jueng the thues Suat wee 5 924 2w 92% | discusses his problems very frankly with | Were offered for sale from Texas. New | August 15, 1929 s to % lower were Denver & Rio 3 95 98 98 Mexico, Oklahoma, Montana, Wyoming "% 7% DIVIDEND e O ope s (rent & 116 116 1104 | comits 1s thus grent increaseas | - | And Colorado. ” Selling was brisk. of 60.063 cents per share for the W' 5<‘and St. Paul adiustment 55 o 38 105 ; 3 110t 110% 110% | The West Coast is throbbing with| CHICAGO.—Dressed beef business six months period ended July 15, T e b n Bank 65°33 10 $5% »sls 6 1014 101} 101l | axport business. Ships plying to the | has been in s decided slump durin 1020, as compared with 48.058 | a fow of the prime morigase bonds ad | GofSen Kiso \L 407 1077 107" | Orlent, South America and Europe are | jast week,. owing to excestively hot centé :‘;,:nm;vqfi monihs period vanced'on small transactions. Atchison | fasssa. « 91 v W l,f,",?:,'..,'yh:.,z’,'y%"m B esURo R Bt vt S e general 4x rose a point and 'Frisco lien | [aiy 7 350 18 96% O5% 98% % n and lost 50 cents to $2 a hundre 45 advanced 5. ABLERIGTIORS NS 51100 108" 103" | mas Dien ts e el ocipe: | pountsr. Dressed ™ Iamb soldrabiout F. B. KEECH & COMPANY Government Issues Heavy, eutral Pacific e 8 0 has been largely responsible for the ‘.‘e.‘y with last, week's $2 to $4 1055 | e . thecnnre "ot $15 375 Con Jus [P ot RPN 3 spectacular rise of the business. After | Pork loins lost 50 cents to $1. in yfigflfigfizmfik mon\;, Ie" ex- ‘;' T ,,,;1‘,]'{,“?,;,”;‘;;{ and | K S MONflR.EY—?n: cannery n}l\erehhu Members of lourth Tty s well under 99. N opened at y, and seve t] i S";'!;';:I') ARD COLLATERAL || of oh% Broposed plan of reorganization Northern Pacsa D, 1100 100 101 on sl seale a3 the saraine Ashing Wk it m’”:‘f i ;r the Cuban Dominican Sugar Co. in- | Milan €s. . Noctnern Pacri6s. 19 1104 110 110 | eAS0N has started. It is expecied all S ey e e SHARES CORPORATION uenced a 3-point rise in the 7!, per ntevideo 78 OreShort Lrts4s. 11 99% 9% 991 | Wil be running full time within two | New Yerk Curb Market Chicago Board of Trade 601 Woodward Bld !cont bonds. ‘They declined earlier in|New So Wal OreShort L 6s gtd.. 9 102 10> 102 | Weeks when fishing crews are augment. % athaioviad L3 | the year from 98 to 55 and were today ol Ore Wash 18t 43... 4 86 5% g6 |°0 by men from Alaskan waters. Indi- | Liverpool Cotton Exchange, Ltd., (Assoc. Members) politan 3183 [ quoted at 72, Gube ‘cang ‘sugar: issuies Chigets 111 g0 68 51. . cations are that the catch will be espe- | | were also steadier. * ChiGtL West 4869.. Pennsyl gen 4%4s.. 26 96% 96 96% | cially heavy, owing to the increl:ed New York Cotton Exchange New Oricans Cotton Exchange e | TheTe were 10 motable changes In the | DT Sl 96 | number of vessels working. Beemen Cotton Bzchange (Assoc. Members) =~ Winaipeg Grain Exchange oreign department of the market. Al- 4 ennsy 101% | though there is considerable talk of ad. | Norway 6a 194s . ChiMIISP&Pa Pannsy] 63 107% | _ YOUNGSTOWN—While current or- | N.Y. Coffee & Sugar Edchange, Inc. Tbbr R Aings SIN: ¥~ Tac. ditional financing for German and|NOrway él4s 1953 © 108 1024 103 |CMSP&Pacadi>s03. 98 6% 75% 76 | Pennsyl gold 7s 100% | ders for flat rolled products have drop- | . South American account later in the|OFiemtDeviis’s. 1 85 85 g5 |ChiNW4%s2037.. 1 9315 93 9315 | PCCaStLEs B 1 104 | ped off somewhat during the last few | 7 year, the present status of this market | paris-Ly-Med : ChiR1&PrL4 1L 93% 934 93% | Philippine RR 4 30 | weeks, backlogs and long-time orders‘ is not favorable for bringing out new | Paris Orlenm o5 39% 99% 9% |ChiRI&Pacdws.. 1 9% 83, 89%|Foruand E1F L 100 | are keeping Mahoning Valley steel mills | . issues. < Chi Union sn: % 1103 103 108 gan RL&P 1:/.; 106 ‘_;gxmp = . u";u"fi"’;‘,%fii’f'fiu‘::.‘;."‘.‘t‘,‘;? | i ST —. Chi Unfon Sta ks 44. 1 101% 101% 101% ead:ng gen 964 ere & s | | VOTE ON Ciev Term bs. 10 lo.fl; 1024 1024 |[R1Ark& L 4% 921, | season, and local operators expec! a | D;RECT PRIVATE WIRES X 1 STOCK BOOST Clev Term 6%s. 1 103% 1037y 103% | R1o G West el 78 | flood of new orden beginning August 15 1 I NEW YORK, August 6 (#).—Stock- Cuoa R R bs. 4 B4 B¢ 84 |StLIM&S gn bs 99% | to September 1 Anvestment | holders_of the Youngstown Sheet & CubaNorbuscts.. 9 82 82 & [StLIMASRAG 2 NIWOH,L!AN!—Smul quantities of | Tube Co. have been ealled to meet Del & Hud %5 L as et 85 | new rice are appearing in Southwest | | August 15, to approve a proposed in- StL&SFprin 1005 | Louisiana ahead of the river crop. r_r;; e Service ice is expected here any day now. H CORNER 17TH ST., N. W., WASHINGTON j erease in the capital stock to 2,000,000 | common shares from 1,000,000 to pro- FE i 1% | market is firm with a rising trend, | vide for 8 20 per eent stock dividend. B P& ICCRAL 4% 3¢ | owing to the small carrvover and re: Seaboard AL 4s s 6414 | duced erop outlook. NEW YORK SeabA Liref ¢ 6l%| CLEVELAND.—The Taylor Winfield ‘Washington Stock Exchangez SALES. City & Suburban 55—$1,000 at 87. S0 Po;gmnc Electric 6s 1953—$1,000 at| a Washington Gas 6s A—$2,000 at 102%, $700 at 101%, $100 at 1011p, $200 at 10115 $500 at 1023, ‘Washington Gas 6s B—$100 at 103. Capital Traction Co.—10 at 93%, 10 at { _ 9335, 10 at 933;. Potomac _Electric 5'%% pfd—10 at SeabAL ad) bs Seab A L con 6 SBAll Flaés 3| Sou Paceit Corporation, maker of oleemc welding machines and one of Warren's oldest plants, has been sold to the Benton & Andenon Co. of cle\elnnd Chicago, De-~ troit and St. Louis. Erie & Jersey 6 Fla Kast Cés 74. 3 Fonda J&G ¢%5'53. Great North b GreeeT & Co. B8ANKERS INVESTMENT BUILDING WASHINGTON., D.C. | Telephone, National 2460 i Buys a 5 cu. ft. Servel mCopen 65 1 | 1o, 10at109%. 3 at 110, § at 110, 1960... 25 Deli d dI lled i {DINE LL0. Third Ave adj b t . | Riggs National Bank—6 at 578, 10 at A elivered an nstalie: Continental Trust Co.} ™55 , . o . D. C. Paper pfd—10 at 80, Int&GtNor adj Lo H 14th and H Stre, Federal-American Co. com.—10 at 42%. MISCELLANEOUS. DEIen e IRl Stzosty 0, oo 10 At 8235 [ nvrsmanwainono19'110 100w 119, | LT CHSE Unlon Pac 1atrf4s. 14 9% 89 \‘ . :’1?‘ Ir:uomcr .5 ii 63 1:2 xf)g + [ i Lanston Monotype—! eghany Cp bs " % % 109Y% Capital, $1,000,000.00 130, onotype—100 at 130, 10 at | 4, 0 any 5869 wi124 110's 109% 110 [ Merchants' Transter & Storage com— | 4™ ChAImARAY L 12 S8 4w H 5 ey ki e Checking Accounts ‘Mug:r‘,t;’u',‘e, Linotype—1 at 1043, 10| Am Int Cor s 45 180 113 111 11113 | Lehigh Valcads... 46 8ex 83a 84 | Wemt Ma s4a T 9 94 94 . e T o o e 1o 20400, i0 |Am NatGasMw4s & 76 78 78 |LehiVen4%s3003 15 8i St 944 rn Pacl| 4 97% 97 Savings Accounts STabiioais. 10 riaes 4 [ AB Smit & 2 1004 1014 1015 Louis&Nash yni4s. 1 93 93 93 Shore 45 26 874 87% ? B b e R Al Am Sugar Ref 25 104 10315 104 " | Louts & Nash7s.... 1 101 101 101 WieCentaninds. 2 1A 11 114 Acceptance Credits e, 3. Corp.—3 av:50. H 2 Man Ry 15t 4590... 4 % 85 AFTER CALL. Am T&T ev 4% #3239 ])50 203% 199 b- Ti D H ‘Am T&T ot b 103 102's M E) Ry&L6s61 22 ime Deposits W;;hlng'on Rwy. & Elec. pfd—10 at AmT&Teltr u 103 102% 102! 51;‘:1:‘5;!1;::" : S s s . Am Tel & Tel 6%s. 35 106% 105% 105% . Foreign Exchanges Capital Traction Co.—10 at 93%. Am Water Wks | ‘99w 981 98| MSIPASSMSazsztd. 6 914 934 93 AMERICAN | 3 & Mergenthaler Linotype—10 at 104%. Am Wrig Pap 68°47 27 80 79 80w |MStP&SSM5Hs. 4 87 370 8T | Commercial Credits % t&Coe%n39 4 89 59% 8915 MSIP &SSM 6% 2 99 S 984 . Armour&Co ¢ ¥ s 89% 895 | T Ieie st Bid and Asked Prices. Armour Del 6% 13 88l 58 e e ravelers’ Credits | Associated Oil 5 101% 101% 24 82 | BONDS. Atlantic Refin 13 101% 100% 0 1M Tl s CORPORATION Travelers’ Cheques | PUBLIC UTILITY. onter. | Bl Te1 P 1 102% 1023 3 54 9T 9Tk (Business Organized 1922) er. 1 2 p— & 36 101 99 8 96% 96% 964 K D ODP e Collections P Mo Pac 6%s 43 evt 17 117% Rcadt COMMON'STaC [P Real Estate Loans 17 106 104% Mont Trm ref 68 41. : 9 95 96 = Skiyn Edison 20 103% 102' Collateral Loans Bush To_rrx;:'tudu 11007 93 : UNITED Certain-’ rets K 6 Investment Securitie: 1 954 95 1 | . 5 3 FOUNDERS Corporate Trusts 2,05 80 100 904 6 BOUGHT SOLD - 1% 9% - Individual Trust 5, Bl 68% 6dbs i QUOTED | Admi E: . :55 ; H 125‘: ‘% NYChIASL % i . I i 0 60 1! s. | m;nn;;llor, xecutor ot "m]czuann ovs. ) weees BB 60V 60 NIcasiLeal 3 Mackubln, Good- | & | Barber & Ross, Inc. 635 26 1100 9u% 4 Batssbenaitiboxes S| s it 8%, | Denver Gasm....l 1 99 o i rich & Co Chf\'ypchlteuc;l'\;h‘. ? | DetroitEdison! 3 100% 100% 100% 3 ” L O &5 7 Detroit Edison 6 1107 107 107 tin | Pot_ Jotnt Sto Bankers c h, 4 17 1004 100 100 4 ontinental Trust Co. | Wash, Sone ricie co 60 |3 10t 101 101% H Betabiisnes 1400 i 9 Duquesne 4%s 97% 96% 97w v 14th and H Streets | STOCKS. East Cuba Sug 1 67 81i B 7 inm:"“";:z;’:::‘; wl | PUBLIC UTILITY. isl ubber 8s. 4 03'% 103% { e WERUREAMODORRBUNE et eet Gen Cable b 1 | National 8373. Capital, $1,000,000.00 Gen ot Ao Cor $a. 42 10244 102 102 |Nortolk& wends. 2 P st el ol Goodrich 6% c. Potomac Elec. ll(,s "Sid Wash. Rwy. Wash. Rwy. 1. Eec. pm Humble O & R (llinots Bell 18t Inland Sti 4% [ntl Cement b8 ;l- « 3 102% 101% o 12 90% 90 16 101% 104 26 We Offer Every SatiSfy yflurSelf c o Financial Service KanCuty P& L 2 M!% 101% 2\ Unconditionay || 0, .e::,:z:*::::;*z:- g g Backed by more than thirtymnine years i e e e of experience in serving the people of ' RIS AL R T Washington, we offer every phase of bank- Your automatic refrigerator is an impor- tremely simple. It is and remains unbelievably My $1.000 Must Earn 21 105% 105 1 95% 9b% quietin operation. It freezes more than the usual $60 Per Year b 1 Tvice. i (T et s 2 1 s e ing and trust service tant purchase . . . it will pay you to learn i e e s buy which will yield East Washington. 9 13 101% 100% = 2, kil this umber o lc.ecu‘el. 't is absolutely depen % vt hsine fe EESTES s Savings Trust vantages of this one And the cabinet itself is a beauty. ::::‘T:;h:':-‘o; ’11“:‘!':4-1: Waitihelss s FIRE INSURANGE. Real Estate Safe Deposit OU buy for life when you get an automatic - .;Mi;ion'bed“ “h"" ke l e .o investment problems hy American 3 i o Commercial Foreign Exchange Nt ST s e i :::;':e {h ;rm l:t::u ::-: ::S:‘;fa?: are . 47 97 8 48 14 102% 102% 3 102 102 12 112% 112 3 9% 9T% 8 106% 106% 5 110% 110% purchasing our 6% First Trust Notes se- cured by modern owner- occupied Maryland homes. Descriptive booklet gratis. Departments AN STy 15th and Penna. Ave. Capital, $3,400,000 Surplus, $3,400,000 be completely satisfied. That’s why we urge you 1o see the new Servel. Compare its advantages. ‘We are confident what your choice will be. The new Servel is fully automatic. It is ex- Qtnlunial_'wbulesalers, Ine. 806 12th Street Metropolitan 2150 : Commercial & Domemo—Salu & Service Come in and let us demonstrate all these points. Learn about our easy payment plan that makes it an easy matter to own the New Servel. No obliluéon. Or telephone for full information, TITLE INSURANCE. Columbla Title. 12 Beal Estate Title. . le & In Wesh X dons, il id. 2 9% 10 105 19 100% 100% 6 101% 101% Nor States Pow 6s. Pagific Gas & EI §s. PacT & T )st bi - Pan D Monstype. Merch. Trans. t Sic T Stor: ot} 9 100% 1014 18 97 96% 114 114% 112 6 8% 89 &CE%s. 42 ”‘i 92 9 1 % Dl“ Five Convenient Banking Offices WASHINGTON'S ~ LARGEST ~ TRUST COMPANY