Evening Star Newspaper, August 16, 1929, Page 15

_FINANCIAL. - CONVERTIBLE BOND LIST AGAIN STRONG Rising Prices of Stocks Re- flected in Advance of Related Issues. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, August 16 —Those bonds that are affiliated with stocks exhibited considerable buoyancy today, while the rest of the market was dull, with some weakness developing in parts of the in- dustrial list. The convertibles had a revival under the influence of the great strength in the general list of popular public utili- ties, rails and investment trusts. In this group there were gains ranging from 1 to 4 points. The largest were in the 41, per cent issues of the American Telephone and International Telephone and in Atchison convertibles, Other strong bonds were American International 5!,s, American I G. Chemical 5!5s, Allegheny Corporation 55 and Philadelphia & Reading 6s. Gen- eral Asphalt 6s went contrary to the other stock option bonds in an early decline of about 2 points. Although Cuba Sugar 8s were heavy there were advances of 3 points in both Cuban Dominican 7!:s and Manati 7}3s. _ The obligations of the rubber and tire companies were soft, taking their cue from the stocks of the markers of these products. Fisk Rubber 8s declined a point, which brought them well under par compared with their high of the year of about 115, this in spite of the fact that the recent balance sheet showed eonsider- able improvement. Sulco 6!,s dropped 5 points to a new low at 80, which com- pares with the high some months ago of 101. The enthusiastic reception by the stock market of the improvement in the banking position, as expressed in a re- duction of brokers’ loans and in member bank borrowings, was not duplicated in investment circles, where interest in high-grade securities, both old and new, was low. United States Government se- curities were steady. This week's Fed- eral Reserve statement showed a further decrease of $3,300,000 in holdings of ‘Government_ obligations. The foreign department was quiet and produced few price changes of im- portance. Coal Production. NEW YORK, August 16 (m,—Co-l! Age reports that signs of acceleration, fostered by slight improvement in the visible demand, appeared in the coal in- dustry in the past month. Prices re- mained steady. Production for the month is estimated at 40,619,000 net tons, an increase of 2,546,000 tons over June and 4,343,000 tons over July, 1928, Washington Stock Exchange P SALES. Washingfon Gas 55—$1.000 at 102, $500 at 101} $500 at 101%, $1,000 at 1011%. Washington Gas 6s B—$500 at 105, $100 at 103, $200 at 103, $300 at 1031, Potomac Electric 51:% ptd—15 at 10715, Lanston Monotype—5-at 129, 10 at 129. Mergenthaler Linotype—10 at 104, 20 at 104, 10 at 104, 10 at 104, 5 at 104. Real Est. Mtge. & Guar. pfd—100 at 5 AFTER CALL. ‘Washington Gas 6s A—$500 at 102%4. Capital Tractic 55—$1,500 at 951g. Capital Traction Co.—10 at 921;. ‘Washington Gas Light—10 at 126, 10 at 126, 10 at 126%.. Capital Traction Co.—10 at 921, 5 at 9213, > Polxs(l)'r?ac Electric Cons. 55—$1,000 at Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga. 47 & P Tel of Va, Capital Traction R. City & Suburban 55. Georgetown Gas 1st Potomac Elec. cons. 5° & Elec, 4 MISCELLANEOUS. Barber & Ross, Inc., 6iis. Cham -Vanblt. Hotel 6!x Chestnut Farms Dairy 6! Chevy. Chase Club 5138 G Paper Mre. 6 Pot. Joint Stock Ld. Bi Wash. Market Cold Stora Wash. Cons. Title Co. STOCKS. PUBLIC UTILITY. rict Federal-American berty American Security & Trust Co.. 45 Continental Trust. Merchan nk. ;. National Sav Tnion Trust. Washington SAVINGS BANK. Bank of Bethesda.. Commerce & Savings Washington FIRE INSURANCE. American Corcoran remen's . National Union' TITLE INSURANCE. Columbia Title 12 Real Estate Titl Title & Inv. of M Title pfd. Wash, Cons MISCELLANEOUS. Barber & Ross. Inc., com. Chevy Chase Dairy ‘I Col. Sand & Gravel pfd. Commercial Natl. Co. bf: D. C. Paper MIf¢. pfd. 3] S B2 28 W Real Est_Mtge. Security Storage.. r. Ret. & Whr. Corl ‘Wash. Mech. Mtge. com. Wash. Medical Bldg. Co; Woodward & Lothrop *Ex dividend. Unlisted Department. Army-Navy Club Cosmos_Club_ #ias. Gommercial Club 15¢ B y Club 7s. Metropolitan’ Club SeanEEsaE B320I88EEg of Washington Savings Washington Title Irs. Co. Was n Base Bail Ci dan Bav. e i B : THE EVENING STAR, WASHINGTON, D. C, FRIDAY, AUGUST 16, 1929. Received by Private Wire Direct to The Star Ofice UNITED STATES. ) (Bates a Sales. Lib3%s... Lib Ist4ys po] US3%s... US US4ksbz. 24 10 FORE!! Bales. Argentine 55 [ Argentine 6sJu 59.. 13 Argentine 6s Oct 53. Argentine May * Argentine 5 Argentine 6s A. Argentine 6s B. Australia 4%5s 56. Australia 58 1955. Australia 5s 1957. Austria 7s. . Bank of Chile 6% Bolivia 8s. Bordeaux B B) Bremen State 7 Canada 551931, Canada 5s 1952, Chile 65760, Chile 65°61. ... Chile 78 1943 Chinese Gov Ry 5 ‘olombia 65 Jan *61 Con Pow Jaupan 7, Czecho 83 1952, ... Dumsh Munic §5 A. Denmurk 413s. ..., Denmark 51z8 Denmark s, ast 16862, Finland 5%;s. . Kramerican 7l s. French 7s. Freuch 7izs T Gen Elec 7s. Greek 63 1963 Huliti 6s. ... Hungary 7lzs Irish Free State 5. Italy 7s..... Italian Pub $ 78 Japanese 61;5. . Lyons 6s Milan 618, .. New So Wales 57 N Norway 68 1944. Norway 6138 195! Orientdev 5%s 58 Paris-Ly Paris-Ly Paris Orleans 5 Peru 65 1960. . Peru 6s 1961 Poland 6s 40 Queensland 7s. Rhine Wst EP Rio de Janerio 63 Rio de Jan 85 1946 Rio Gr do Sul 65 4 Rome 614 Sao Paulo 1950. Saxon (PW) 7s Seine 7s 42 Serbs Cr Slav 7 Serbs Crot Slo 8s. Sweden 6s.... Swiss 51381946 Swiss Confed 8s Tokio 5135 1961. Jtd Kingm 5% 37. uguay 6s 1960 High, 246 Y717 9717 2 9820 9820 9820 b4ath4l,s 43 9830 9826 YS30 14 1006 451944 112 10230 10221 (0 $1.000. Close. 117 Low. 1004 1006 30 10618 106 GN. . High. Low. o Y0 994 99% Y9in i 99% Close, 9 # .. 35 Kreuger&Toll 55 ct.137 1 MISCELLANEOUS. Alleghany Cp 5s '44 Alleghany 55 49 wi. Am Chain 6s'33.... 74 109% 108% 49 109% 108% .11 99 99 Am Chem 53;scv 49 71 1224 121% Am Cotton Oil §s. . . 10 985 98% Am Int Cor 5135 49.374 11344 110% Am NatGas 6138 42. 10 AmT&T cv4lis 3 AmT&Tecltrss AmT&T=at5: Am Tel & Tel 5 Am Wrtg Pap 65 4 Aromur&Co415s39 ‘Armour Del 533 Atl Gulf 5359, Bell Tel Pa5s B. Bell Tel Pa 5s C Bethlehm Stl pm b: Beth Steel rf bs.... Beth Steel 51455 Bethlehem Steel 6; Bklyn Edison 5s Bush Term Bldg bs. Certain-Td 538 rete Chile Copper & Colon Ofl 6538 Col G&EI1 58 M: Com Invest 5345’49 Com Invest 65 48... Con Coal Md 58. ConGasNY 5% Consumers Pow 55 Cuba Cane ov 7 Cuba Cane 8s. . Cuban Am Sug 8 Det Edison 5s 40 Det Edison 6s Dodge 63 Dugquesn: East Cuba Sug 7% Fisk Rub 8s. Gen Asphalt Gen Cable 5% 4 Gen Mot Ac Cor Goodrich 63%s. Goodyear 5s re Hoe & Co 63% Humble Oil b Humble O & R 111 Bell Tel 5 J11 Steel 4,8 40. Ind Steel 5s. Inland Stl 4% Intl Cement 5848. .« Intl Match bs 47 Int Mer Mar 6s. Int Paper 68 47 Inter Paper 6s Int Tel&Teleg 4 3 100% 9’ Kt 103 102% 104 104 100% 100% 2 101% 101% 103% 103 104% 104% 102% 10215 100% 100% 68 57 (3] 57% 100 9u% 99 100 107 107 99% 102% 101% 107 106% 9 0% 9 102% 102 . 8 9 2 100% 100% 2 88 86 i1 €8 10 90% 90% 93% 87% 18 101% 100% 1 103% 103% Laclede G 5%s52.. 15 103 Lautaro Nitrate 6s. 13 100 6 105% 106% Loew’s Inc 6s. Loew’ Lou Gas & EI 58 62. Manati Sugar 7%s. Midvale Steel 5s. . Montana Pow 5s 43. Montana Pw deb 5s. Nat Dairy 53%¢s. Nat Radiator 6%s 102 9% 9 99% '99% 3 101 101 8 97U 9T 28 NewEngland Tel 68 2 102% 1024 2 101% 101% 3 111% 111% 6 97 96'% 5 106'% 106% 2 100 No Am Ed 53;8°62. Nor Ohio Tr&L 6s. . Vor States Pow 5s.. Pacific Gas & El 5s. Pan Amer Pete 6s. . P Ylmo‘lnt‘lll?,'l. 1 P Phila Co 58 67 2 Phila & Read 65 °49. 8 Philips Petro 5%s.. Por Ric Am Tob 6 Postal Tel & C 6% Punta Alegre 7s. Rem Rnd 5%s war. 1 Sinclair Ofl 1 Sinclair OF Sinclalr 01178 Sinclajr Crude 53%s. 1 Sin Pipe Line 58. .. Skelly Ol 5%5. South Bell Tel 5 Stand OfI N Y 4 Stand OfI N T 46.... 4 9 108 29 101 6100 100 107% 0 98% 98% 7 63 61% % 6 113% 112 4 89 88% 49 7 2 9 1 i3 99% 99 20 101% 101% 0 96 9% 9 -93% 93% 3 903 90% 2 101% 101% 5 9% 9% 4 % 101 8 ib 2 1 104% 1043 104% U S Rub 1strf 5s. Sales. H! Tenn Cop 6sB'44.. 6 Tenn Elec Pow 6s 4% 7 Transcontl Ol 6128 28 United Drug5s Utilities Powr 5%;s. Vertientes Sug 7s.. Walworth 63 '45 Warner Sug Warner Sug 7 West Elec o8 Westn Union! Westn Union 61, White Eagle 0 5% Willys-Ov 6% 33. ‘Wilson & Co 1st 6s Win RepeatAr 71;s Youngstn S & T 5s. RAILROAD. Atchison gen ds.... 42 91 Atch deb 438 43. Atl & Dan 2d 48 B & O Gold 4s. . B&O1SHSCliuuess B&OTLo8...... B&Orfimp 63 B& O SW 5350 B&OPLEWY 4s.. Boston & Maine 5s. Brdway & 7th Av 68 Brooklyn Elev 63s. Bklyn Manhat 6s. .. Bklyn Un El 58 sta. Bush Term con 5s.. Can Nat 4%s 30 el o R e~ AN~ O RRONE ~RAnES Car Clin&Ohio Cent of Ga 5sC & Central of Ga 5 Cent I’ac 4s . Cent Pac 15t 58 90. . Ches & O Corpn 5s. Ches& 0 4%s8 93 A, Ches& Ocviys... CB&Q4%s77B., CB&Q1strebs... Chi Gt West 45 §9 P4 15 5C8! 19 Chi & NW ref b: Chi & NW 7s. Chi Rys bs. ChStPM&O 58 Chi Un Sta 4% Chi Union Sta 5 Chi Union Sta 6335 Colo & Sou 4% s Den & Rio G cn D Rio G West 5 DRG & Wst 55 78.. LastTenn Va&Ga bs Erie conv 4s A. Erie Gen 4s Eriecv 55 67. Erle conv Ex . Erle (Pa) clttr4s., Fla East C5s74. Gr Trunk st db 6s. ., Grand Trunk 7s.... Gt Nor4%s 76 D. Gt Nor b¥s. Gt Nor gen 7s . Hav El Ry 53851, Hud & Man aj 5. Hud&Man ref 5s. 11l Cent 435 52 il Cent 435 66 Int Rapld Trans 5s. Int Rap Tr 5s stpd. . Int Rapid Trans 6s. Iat Rapid Trans 7s. Int & G Nor adj 6s 5 Int RysC A bs Int RysC A 6s 41 Kan City Ft S 4s. Kansas City S 5s Kan City Term 4s.. Long Is 58 Louis & N. 0 o e Crtn BN EREmBanNenE Rarom Arealtons SR o Riomealcen Louis & Nash 515 Man Ry 1st 45 90 Market St 78 40. . Mil El Ry & L s Mil 1 Ry & L 55 61 Minn & StL cn 55 MStP&SSMba38g MStP&SSM 6% MK&T Ist 4s. MK &T prin 5 Mo Pacific gen 4s Mo Pac 58 A 65 Mo Pac 581 7 Mo Pac 55 G 78 Nat Ry Mex 48 77.., N Y Cengen3ys. .. N Y Cendeb 4s YCrfimay YCenrfbs...... Y CenLScl 3iga. Y C&StL 4%sC. . YC&SIL5%sA. NYC&SLEsA... New Haven 338 66 New Haven 4 5. .. 0w —— NY Sus&Wn 5837, . NY Sus&Wn gen 5. Norfolk & W cn 4s.. Nor Pac4s...... Nor Pac 438 2047.. Nor Pac 5s D. Nor Pacrf 68 . Ore Short Lrt 4s... Ore Wash 1st 4 Penna gen 4 1s. Penna 43;s 63 Penna gen b Penna 55 64 Penna 6%s. Penna gold 7s. .. PCC&StL5sA Philippine RR 4 Port EIPL 6 Rio G West cl 4 —a IO O T R D = 3 01 GO S O B N ETEN =33 Oh L o 1 O b e b ARNA-NNO NG ~C=RoRND 13- 8. Sou Pac 4%s69 ww 69 Sou Ry gen 4s 6 Sou Ry con b: Sou Ry 65 5 Sou Ry 6%s. Term Asso 8 Tex Atk F'S 6348 50. Texas & Pacific 1st. Tex & Pac s B 1977 Tex&Pac5sC79.. L Virginia Ry 1st 5 VyRy&Pbs.. ‘Whash 4%s 78 rcts. 5% | selects, high as 75. Beans—sSi ‘West Pacific ‘Wis Cent gn 48 49 Markets at a Glance NEW YORK, A%S () —Stocks —!tfl'm: Union leads invest- ment . S . Elictric Tavestors again buoyant. g ‘mmpm:mm MARINE PRODUCTS HAVE LARGE SALES = Trading Continues Active at D. C. Market—Fruit Sup- plies Plentiful. Cool weather early this morning proved a boon to business at Municipal dealers in marine products, retailers be- ing on hand to register their usual Friday morning demands for such products. " Dealers had ample supplies to meet all demands, according to reports, and probably will have some stock to carry over until tomorrow. Included among the attractive offerings were jumping mullets from North Carolina shippers, the fish presenting the appearance of having been out of the water only a few hours. Crabs in Demand. Fairl; d demands for both soft and hnxd E'ggbl were registered, the soft ones being in greatest demand, prices being lower than prices quoted last week. Smallest of the receipts sold as low as 60 cents, larger ones selling at 75 cents and $1 a dozen. Rockfish, trout, small &:’ch‘ carp, butterfish, croakers, bluefish, halibut, salmon, fillet of haddock and pollock were among the varieties offered. Lobsters were not plentiful at 65 cents and 70 cents a pound, while frogs, an- other delicacy, were scarce at $4 and 4.50 a dozen. * Eggs also were in demand for the day's market. Prices for the product of the. hennery have not changed the past two or three days, dealers reported, and heavy losses in candling of current receipts continues. Peaches and cantaloupes continued in heavy supply, dealers reporting slow movements of both fruits. There were | some good quality Virginia Elbertas sold as low as $1 a bushel basket this morning, $2 being the top price. Canta- Joupes also were offered at low prices that have prevailed the past few days. Concord grapes, 20-pound baskets, reached here in large quantities this morning, increasing the fruit supply and assisting in keeping down prices. The grapes were offered as low as 75 cents and $1 a basket. Receipts of potatoes and tomatoes were much lighter this morning, ac- cording to reports, and potatoes took a decisive jump. They were offered dur- ing the early morning hours at $5.75 and $6, and dealers predicted they would go to at least $6.25 before the ‘close of the day's market. Many of the tomatoes received this morning were not fully ripe, suggesting to dealers close picking in patches and a possibility of higher prices the next few days. It also was stated that re. cent rains in Maryland and Virginia may assist the growing crops and result in increased receipts the first of the coming week. Lima beans continued in heavy re- ceipt, resulting urli dealers almost re- fusing to quote ces. | ‘shlpment ll,)l 300 baskets of the beans from North Carolina this morn- ing was refused,” said a local mer- chant, “and the hauler was forced to seek another market.” Cantaloupes and honeyballs were plentiful this morning and there was no scarcity of watermelons. Water- melon prices took a drop, dealers re- ported; 30-pound fruit selling at 65 cents, few extra heavy melons selling as high as $1.25. Melons from the Eastern Shore of Maryland are ex- pected in the local market the next few days. Business in the commission house district was reported slow and draggy this morning, receipts of most com- modities being heavy and the demand light. . Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter — One-pound prints, 44ia 451,: tub, 43l;a441;; store packed, 2830, Eggs—Hennery, 38a40; fresh selected, 38; current receipts, 32a33. Poultry, alive—Turkeys, hens, 35; toms, 33; Spring chickens, large, 28a30; medium, 27a28; smajl, 26a27; Leghorns, 24a25; fowls, 28; roosters, 22; ducks, 15a20; keats, young. 60a70; old, 35a40. Dressed—Turkeys, 38a40; Spring chick- ens, large, 38a40; medium, 27a38; small. 35; Leghorns, 33a35; fowls, 34a35; roosters, 26; duck, 28a30; keats, 90a 1 .00. Meats, fresh killed—Beef, 2415; veal, Fish Market and houses of wholesale | 28; lamb, 30; pork loin, 34; fresh hams, 30a32; fresh shoulders, 22; smoked hams, 30a32; smoked shoulders, 20a22; bacon, 28a30. Lard, in bulk, 15; in packages, 16. Live stock — Calves, 18; lambs, 1215813, Fruit and Vegetable Review. ‘The daily 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.) taloupes—Supplies liberal; demand light, market steady; Eastern Shore, Md., salmon tints, flats, all sizes, 40a65; few hold-overs low as 25; standands, sizes, 1.00a1.25; mostly around 1.0 jumbos, all sizes, 1.25a1.75; mostly 1.50; miscellaneous melons, supplies mod- erate, demand light, market firm; Cali- fronia and Arizona, honey dews, stan- dard crates, 6s to 9s, 2.00a2.25; 9s to 12s, 2.25a2.50; honey balls, jumbos, 36s and 45s, 4.2584.75; mostly around 4.50; standards, 36s and 45s, 3.7524.00; stan- dard flats, 12s and 15s, 1.35a1.50. Lettuce—Western stock; supplies lib- eral; demand light, market steady; Cal- fornia, crates, Iceberg type, 4-5 dozen, fair quality and condition, 3.75a4.00; poorer, slimy, low as 3.00; Eastern stock; supplies light; demand light, mar- ket steady; New York, 2-dozen crates, big Boston_type, 75a1.00. ‘Onions—Supplies light; demand light, market firm; Massachusetts, 100- pound sacks, yellows, U. 8. No-" 1, me- dium to large size, mostly 3.00. Pears—Supplies light; demand light, market steady; California, boxes, Bart- letts, fancy, 3.5024.00; ripe, 2.50a3.00. Peaches—Supplies heavy and not cleaning up; demand moderate, market ; market oversupplied for ordinary nnsylvania, hel baskets, , Elbertas, U. 8. No. 1, large size, 1.50a1.75; few fine quality, 2.00a2.25; medium size, 1.26a1.50; un- classified, medium to large, 75a1.00; small size, 50; bushel baskets, Belles, Uifd"o' 1, medium to large size, 1.00 21.50. Potatoes—Supplies _light; demand light, market firm; New Jersey, 150- pound sacks, Cobblers, U. 8. No. 1, mostly 5.50. ‘Watermelons—Supples moderate; de- mand light, market about steady; West Shore_Virginia and East Shore Mary- land Redios, selects, 50a60; few extra jupplies liberal; demand light, market du!r; East Shore Ma: land, bushel Carolina, bushel and condif 1.2 market steady; crates, 4.50a5.00. Apples—Supplies _ liberal; demand slow, market dull; Maryland and Vir- ginia, bushel baskets Northwest Greenings, U. 8. No, 1, 2%, inches up, 1.75a2.00; Wealthys, 1.50a1.75; various light, market about ; 'Delaware 12-quart climax baskets, Wordens, 85 Cotton—Higher; unfavorable crop ad- | 590, ; Cuban selling, CHICAGO, A 16 (A).—Wheat— stwm harvest- —_— Nine out of every ten salaried work- the United States have never es- connections to Mortgages Investments JAMES- Y. PENNEBAKER Nat.5201 1520K St. N.W. Robert R. Bennett Investments Moqu;olil Bank Bldg. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St & La. Ave. N.W. 62nd Issue of Stock Now Opes for Subscription Money Loaned to Members on Easy Monthly Payments . C o oS e More Than a Third of a Century’s Getting the Most Out of Your Properties? It's a question of experi- enced management. We have had the experience and can tell you promptly where the leaks are, if any—and how to increase income. Our management isn't an expense—it more than pays for itself, B 'F. SAUL. €O} Natl. 2100. 925 15th St. N.W. First Trust Notes at 69, interest for sale at par and accrued interest Tyler and Rutherford, Inc. 1520 K Street National 0475 Money to Loan ; Secured by Continental Trust Co. 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts Acceptance Credits Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Adminilh-l.or, Executor " Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER, President Capital, $1,000,000.00 Equitable Co-Operative Bldg. Ass'n JOHN JOY EDSON, President Organized 1879 Assets . +.$5,513,051.68 Sarplus & Profits. WALTER 8. PRATT, Jr., Secretary 49th YEAR COMPLETED $1,601,704.98 Subscription for the 97th Issue of Stock Being Received SAVE AS YOU EARN HE Equitable’s plan of sys- tematic savings encourages thrift in a manner that if con- sistently followed will eventual- ly lead to financial independence. Start now while you have a steady income. Come in and let us explain about our systematic plan. 915 F St. N.W. Consult Us Regarding Your Maturing Mortgage LONG-TERM REAL ESTATE LOANS - 5Y%% We Make First Mortgages on Homes, Apartments and Business Properties in the District of Columbia and Nearby Maryland s irginia RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue Decatur 3600 Mortgage Loan Correspondent, New York %ife Insurance Company We Have Plenty of Money For Financing or Refinancing Your Real Estate We Invite Applications for FIRST TRUST LOANS on Improved Property IN NEARBY MONTGOMERY CO. AND THE DISTRICT OF COLUMBIA Periods of 3, 5 or 10 Years LOWEST RATES OF INTEREST AND COMMISSION FURTHER DETAILS ON REQUEST BOSSEZPHELPS ors ed 1907 Loan Correspondent John Hancock Mutual Life Insurance Co. Nattonal 9300 WOULD YOU LIKE TO FORGET YOUR CAR HAS TIRES? Safety at “70” GOODYEAR DOUBLE EAGLE Tires and Tubes “A King Could Buy No Better” BEN HUNDLEY GOODYEAR TIRES 3436 14th St. N.W. (At Newton) ALL OF THIS STOCK HAS BEEN SOLD. 100,000 Shares Sisto Financial Corpomtioh (A New York Corporation) Capital Stock (Without Par Value) A portion of the authorised stock has been reserved for sale in England and Continental Europe; to the employees of J. A. Sisto & Co. and to the stockholders of Investors’ 'oundation, Inc. and Foundation Securities Corporation. CAPITALIZATION Capital Stock (without par value) . The Corporation has only one class of stock and Transfer Agent GUARANTY TRUST COMPANY. OF NEW YORK Authorized « 400,000 shares funded debt. Registrar Present Offering 100,000 shares PUBLIC NATIONAL BANK AND TRUST COMPANY OF NEW YORK Sisto Financial Corporation has been formed under the laws of New York to buy, sell, trade in or hold stocks and securities of any kind, to originate and to participate in and act as manager of syndicates and underwritings, and to exercise such other char- ter powers as its Board of Directors may from time to time determine. It is expected that the Co: stock, and as J. A. Sisto & the above sum will be net to the isto & Co. at $50 per share. this stoc! by J. A. ration will commence business with $5,000,000 in cash, upon the sale of 100,000 shares of its capital 0. will pay all of the expenses in connection with the organization and the i d Corporation. Of the 100,000 shares being issued, 20,000 shares are being purchased e and distribution of A majority of the Board of Directors will be composed of the partners of J. A. Sisto & Co. Under the terms of the management contract which the Corporation has entered into with J. A. Sisto & Co., that firm will receive no compensation whatsoever, except standard commissions on brokerage transactions, unless the Corporation earns at least 8% and ryl dividends annually of 8%on its stated issued capital (based on $50. per share) as of the beginning of each year. In any year, or lowever, an amount equal to 20% of the total net profits, but dividends paid below 8%. For the year 1929 the earned and paid dividends at the rate of 89 per annum on in which the realized net profits and dividends only to the extent t firm will become entitled to compensation when the Corporation shall have its capital for the portion of the year during which the management ual or exceed this 8%, the firm will be entitled to receive at the payment thereof will not reduce the net profits contract shall have been in effect. The requirement for the annual earning of net profits and payment of dividends of 8% shall bes ulative, so that if in any year the Corporation shall fail to have net e: bt b in mbu:mt years before the firm will be entitled to compensation. must be made good arnings or pay dividends of that amount, the deficiency The certificate of incorporation and/or the management contract contain provisions to the following effect, among others: 1. All stock now issued or, authorized is of the same class, and all shares have identical rights as to voting, dividends and oth 2. All stockholders shall, as a matter of right, be entitled to subscribe to any additional stock of the Corporation author- ized for sale. J. A. Sisto & Co. ma responsibility for the fairness of all ‘There are no options on any issued or unissued stock. The Corporation has no other agreement or commitment except the management contract referred to herein. The above is subject to the complete statements contained in the certificate of incorporation and the management contract, copies of which may be obtained from the undersigned upon request. his offcring is made subject to allotment or prior sale and proval of our counsel, S. Stanwood Menken, Esq. It is ex| Xufl‘ 30th, 1929, et the office of ]. A. Sisto & Co., 68 y deal freely with the Corporation, but in any transaction between them, J. A. Sisto & Co. will accept transactions. Price §53 per share in all respects when, as and if issued and accepted by us and subject to ected that dzliv:? o{. definitive stock certificates will be made on or about or] all Street, New N. Y., against payment therefor in New York funds. The Corporation has agreed to make application to list these shares on the New York Curb Exchange. J. A. Sisto & Co.