Evening Star Newspaper, September 14, 1929, Page 27

[ Markets at a Glanco | NEW YORK, September 14 (#)— tocks - frregular; Balvents rallies 31 points to 530. Bonds ;- N American at new low. i - Hudson tion of St._ - TRADING IN BONDS IN NARROW RANGE Convertible List Quiet—Sev- eral Large Issues Mar- keted This Week. 2 B R CRONN IN VIRGIN Wilson & Co 1st 8 WS OSh 98% Youngstn S& T bs. 7 99% 99% 99% RAILROAD. [] 86% 85% (Ta Farmers Report Success in ":.‘.“‘: 105 | . Experiment—May Extend ) Efforts Next Year. UNITED STATES. (Sales are 1n $1.000.) Sales. High. Low. Liv 3%e... 2 9719 9719 Lib1st4%s 15 982¢ 9824 Atchison adj 4 Lib4th4ls 58 9827 9824 Atchison n:u- 0 % 9% 994 1004 100% a3k 03k 9 90 . T ] Bindrsa. A 9l US4¥s52, 110622 106822 Atch deb ‘*: 4., lz |:; l:‘:: 185 FOREIGN. sk i teady; sterling 1?3;1“ ’wwch x‘mwnl.flb Jow. Cotton T; forecast favorable weather, S and coffee holida; g5 CHICAGO, Bogta.n 14 B ‘Wheat easy; beneficial rains Argentina. Corn easy; bearish weather forecast. hl?h‘:’ru. irregular. Hogs steady to FEE S 35 & Ryue. peaydEsey S ENF SN EEPTE - 96% 1018 1004 gy esSieny E SEEES BB oo coow: 95 =:=...8..==a§§=m...:: IBSBIBS: ®F = FF Auntralia A bit of information of interest to| 1Am o merchants, fruit dealers and this city this week. ricks- | | BY CHARLES F. SPEARE. Special Dispatch to The Btar. NEW YORK, September 14.—Move- ments in bonds. todey were modera‘e in size and of no particular significance. ‘Trading in the convertibles was on & small scale, with some recoveries in the more popular ones and dull condi- tions in the others. American Telephone 4}2s showed the best gain, once more selling at a pre- mium over the International Telephone 41;s. Although the railroad stocks ;&etrle strong, railroad convertibles did ittle. Mortgage bonds were quiet. A few of the high-grade issues showed frac- tional advances. Secon de issues were: dull and irregular. e best gain was in Western Maryland 4s, which rose a point. Foreign bonds held at about the recent level. Although the number of new bond issues this week was small, there were several of large size which made the total offerings nearly $128,000,000. Of this $100,000,000 was represented by in- custrial and municipal issues. Public utilities amounted to $18,000,000, with one railroad offering of about $9,000,- 000, ‘The volume of stock financing, due to several large investment trusts, ;:: d‘cun.sidu'lhly in excess of that in | Washington Ticker l By the Associated Press. Like the United States, Europe did not experience the usual seasonal slackening of business and industrial activity during the past Summer, and showed-a notably favorable and upward trend which is forecast to continue dur- ing the Fall. In the other continents of the world there are. both good and spotted con- ditions of business, some nations being in a firm position, while others have threatening factors in the form of some major crop or industry. The industrial conditions throughout the globe were outlfhed today by experts of the Bureau of Foreign and Domestic Commerce of the Commerce Department. According to reports to the depart- ment, the tone of Europe’s business is upward and there is a favorable outlook on that continent for the The purchasing power of Europe was described in the reports as improved with generally notably improved crops, higher real wages, a decrease in unem- ployment, relief in many nations from burdensome taxation and greater in- dustrial activity as compared to last ear. T e situation in South America, pre- ettt sents a varied picture, the department’s advices declare. Two nations, Mexico |p, and Guatemala, are marking time while their political situation is being clarified, the former republic’s industrial de- velopment being slowed up until the elections on November 17 and the inauguration of its new President in February. Argentina is in a favorable position with food Croj d livestock roduction indicated, w! has recent- ly been enhanced further by the nego- tiation with Great Britain of a $200,000,000 loa: In Brazil the coffee crop is the pre- dominant factor. the size of this year’s crop and e success ofs the valorization committee to maintain prices, the Commerce Department re- ports_indicate, the economic prosperity of this - nation depends this year. Coffee is the barometer of prosperity or ht of the razil, C . wF —_— GRAIN MARKET. CHICAGO, September 14 (Special). —Wheat had a weak tone today, re- flecting the improved weather in Ar- gentina .and the weakness in . Liver- pool. Closing prices were 1% to 13 . lower and for the week 5 higher to - % lower. September, 134% : December, 142% to 142%; March, 147%; to 147%, and to 151%. to 1 iower and for the week, 2 to 1% lower. September, 103% to 108%; December, 997 to 100; xn;‘c,l:,n, 104 to 104%, and May, 106% el % to 5% lower, -and for her to 3% lower.” Sep~ , 54%; March Prov : break in the last hour under liquidating pressure. Lard 10 to 20 cents lowe: Australia Austria 7s. Bank of Chile 6% Bank of Chile 6% s Belgfum 6s. { fal, s diat = rENoRaAl avnK e Gomm m: Sy &N 232E2BERLNST2ITITRINVASLS T E 28222258 ARSS FEFE R Belgium 78 1956 Belgium 7% et Amer Nat G L Amer 8t Pub Serv A & NFE — i # S = et n—New, wWw—With warrants. FRE Pk ;afig’:’i;.: 5 oz, deus ne.uss nansuenSeyesE SR AR FR S T e e 926 Brasil 638 1927 Brazil 7s. Bremen St Canada 5s 1981, 1! SHORT-TERM SECURITIES (Reported by J. & W. Seligman & Co. Allis-Chalmers Co. 5s 1937.... B 0‘3) o Al Amer 1983 99 2 S Bouusssuciansute Ha syas - Brewrrrel® Chi MIISP&Pacss?s |5 CMSP&Pac adjsn03 142 Chi& NW 7 4 Chi Rys ChiRI&P ChiR1&P C&WIibH CCC&StL deb ¢ Clev Term bt Cuba R R b8, Cuba Nor b Del & Hud 5% Den & Rio G cn D Rio G West b Duluth S S & At been grown in nearby 8% | number of Jears ago, but not n suffi- clent T ities to give them a com- value. May Extend Crop. r A lon, and warm season is re- Yot Mach ... uired 1o mmuy grow the melons ISsaer &8 oY ot 9 3 purposes, mieordlnl to g in_rt b en! s:?..&'.‘:fl:’ o SRRy SNE S SRF Colombia 6s Jan 61 Con Pow Japan 7s. . Copenhagen 418 3 > e ] £t FEST a2 VRS FESF - Czecho 8n 19| Danish Munic 8 Denmark 43%s. Denmark 6%s ‘6§. Denmark 6: Dutch East T Fiat 7s x wa Finland 6%s. Finland s f 68 Framerican 7% French 7s French 7%, an Bank 6s ‘3 EIP6%s German 7s. .. Greek 6s 1963. Holland-Amer 6 Hungary 7% Irish Free Sta i Gobayets % B 1 % runk of anads 66 1638 1 O nns. 1937. 7 CompLETE FINANCING P T TTST T ! 2 S the ccessful g Virginia, it is stated, have declared they will do a_bit of experimenting next Summer. While not ex- to compete with Call nia growers, it is stated, they are willing the effort. “If we fail,” remarked a farmer who intends to experiment with the fruit next year, “we will have lost little, and i we succeed it will mean much to both Honeydews from California this sea- son are of large size and splendid ity, dealers report, and the deman them has been good. Heavy of honeyballs also have been from time to time and they ‘also were in demand. 'y are much smaller than the honeydews, however, and deal- ers say it is next to impossible to find one t does not possess the sweet- ness that is desired. Wholesalers have been in receipt of immense quantities of most foodstuffs this week, and expect to wind up a successful week's business at the close of today’s market. Changed weather conditions proved a boon to business, dealers r;j;orud, and put more life in buyers. Few changes in prices of com- modities were reported during the week, Elafionary Garing the sur-day peviod. onary Ing Shx- period. according to. reports, Sropping A day ng to rej opp! a da later, and meat dealers reported a dc! crease in the price of lamb, the principal changes announced. Prult and vegetable prices, changeds being governed by the supply and demand. Poultry prices also were tly af- fected, but prices of most of com- modities remained unchanged. Dealers at Municipal Fish Market are displaying an interest in the prospects for the oyster season, already. opened, and poultry dealers are looking ahead to the prospects for the Tha iving turkey market. It is yet too warm for the oyster market to display much activity. Con- sumers seldom demand oysters so early in the season, it is stated, especially when warm weather continues, and the slow sales thus far make the conditidh of él: market just what dealers antici- | pa Ty o SR uuiEEBerussBatBlals » PONEW—WE B AR —RNREKER SO 4t Al ¥ 288w S PR S e ] el ure Of hell Dnion inclair_Crud tand. Ofl of TRUST MONEY On homes, apartment buildings and business properties. No appraisal fee. Prompt service. RealEstate Mortgage & Guaranty Corp. 24 Jackson Place Natl. 1403 S et e 2853 oorTYe! SEEESEEE 3 H 000! s AR NP P BPANOHEENR NGB AEBANRI =110 % N O3 000 Ol 1SN 1o s = DN SEERSEALR S8 ua TSN Gk le: arcon Admin A 1Capital Adm A pi 45 flg Ci FA“ r . FEE EFETSES FF WEEER S DS 2 Thomps Starr i 2 Tizhmen Realty ob & Allied ns Am. ES LS & ) AR 0w STE R s o 3! &l 3 ] 2E2aszan SEFFSSSRE ST : 1 SEFFESE FAF SRS W & First Trust Notes at 6% interest for sale at par and scerued interest Tyler and Rutherford, Inc. 1520 K Street National 0475 Japanese 64, Kreuger&Toll ct A . 0288820 0wt B nauws tla 20 ! 1at Rapid Trani Int & G Nor 1st 6s.. Int & G Nor adJ 6 Int RysCA5s 72 Kan City S 3s i3 S 2 BAE2TRNBINIRRSRI LSS §a~ 8552 2RRTIVITY! 2. 858, EECE Ea s o3 2 Milan 6%s. Montevideo 7s Netherlands 6s 72 New So Wales 57s. . New So Wales 58. . Norway 5s 1963 Norway 514s. Norway 6s 194, Norway 68 1944 S BEE Pl tt FEREE SRS S Louis & Nash 6% Market St 7s 40 Mil El Ry & L 6 ac 2g : Are You a Cormorant? i 4Cont1 Diam 5 Cont & e B o 1t EEEEEEEEE ) PO ey -, it 234 £ A multitude of lights bob in the waters off Gefu, fishing town of Japan—but the fishermen are mot catching any fish. They let the cormorants do that. Mo Pac bs49evt. 18 Mob& O 4% N ¥ Cen gen 3% N YCenrtbs T FOROION. - (20 "3 JOWO T SOOI - iaaqaadac Had ) i BT < gtl i =8 'S wavy SoSunSunuel FFFTEEE F Sy ¥ With a stout cord attached to his leg, . and'a tight collar around his neck, the cormorant stands poised on the gunwale of a boat until fish appear, attracted by the boat’s light; then he dives, catches his fish—and is immediately hauled back into the boat and the fish shaken out of his gullet. He cannot swallow his catch because of the collar. 23438582! 00 00 MBI D S0 13 ST 9890 301 i9dg SEEEE; =5 Porto Alegre §s Rhinelbe Un 1; Rhine Wst EP 6852 Phine Wst E P 6s 61 RhineWst EP 7s 50 Rio de Janerio 633 Rio Gr do Sul 6s 43. Rio Gr Do Sul 8s. Rome 6%s..... Sao Paulo 85 193¢ Sa0 Paulo 1950. Saxon (PW) 7s Serbs Cr Slav 7s Shinvetsu 63s 52. G888 *, i«:c >§ gu'w.,’ » Sag & T N = - C L L L LTS S:;fl 2428582 NY Sus&Wn 58 37.. NYW&Ba%s Nor Pac 4% 20 Nor Pac rf 6 S g S 43 & 53 “82#3§S=fl= BE8S t=t o W RESE [ Penna con 43s. Penna 4% 63 Penna b5 64 Penna 63%s. Penna gold Pere Marq 1st Reading gen 4% RIArk & L 4% 55 H SSm! o5l ) n_Con Gol Gold M Ltd n Lead Min A cormorant’s life is not a happy one in Gefu—but many a man in America is leading & cormorant’s life, earning money enough, perhaps, but never show- ing .a profit for his work. The differ- ence is that a man has a ready means of escape, merely by setting aside the small, often-neglected portion of earn- ings and placing them in a savings fund invested in some sound security. gamugin > SRS SRNSE L BT 993 et T 7, $ Prospects for Bivalves. Reports from shippers tell of bright pm-pe':fda m the quality of the bivalves i & ot ug 1 Mohaw! 2 Newmont 1 Noranda 3 onio zud: giien, Swiss Confed Tokio 5s. Tokio 53 Utd Kingm 6 Vienna 6s'62. Warsaw 7s '52 MISCELLANEOUS. Abram&Straus5%s 3 109% 109% Alleghany Cp 6844 61 108% 108l Alleghany bs 49 wi. 108% AmAgriChem 7% 105 Am Int Cor 53%s 110 Am Chem 53%scv 49 26 16 AmSmit&R 1stbs 2 10034 Am Sugar Ref6s... 1 1024 Am T&T cv 4%s 39.187 203% AmT&Tcltrbs.. 102% 101% 1054% 89 85% 1024 7i% 99% 1024 103% 99% i3 8! FE o1 & ut_glfois porer -t 88! -0 =SE R .Ecuador the coffee crop ranks sec- ond. to cocoa. Cuba is experiencing somewhat greater optimism than in the past several Kum over the prospect of ultimate stabilization of sugar prices at-& point of reasonable profits. But there is & cloud in the Cuban situ- ation—the American tariff and the Cubans’ fear that the higher United States dutles may encourage Philippine production and curtail Cuba’s market. In Asia, China, India and Japan all frelenz a variety of conditions which ater this Fall may turn into a favor. able trend of business. China is mar] ing time apparently, but indications of improved conditions in important trade centers, like Shanghai, together with plans of the government to purchase railroad’and other supplies, lend a favor- able tone for the future. Japan has an abnormally large rice crop, but busi- ness there feels the government's re- trenchment. program and is at a low ebb awaiting developments. Floods, ity, it is stated, possessing .a degree of fatness much better than during the early days of the average season. “Calamity howlers are always ready to tell of poor prospects,” said an interest- ed dealer. “They seem anxious to give the impression that there is certain to be a scarcity of the bivalves and that prices SOAT. “But, " he added, “the story is such an old one that it is given no credence.” It is said by dealers that shell stock probably will not be so plentiful and may be high, & condition that has pre- vailed the past few years, shipment of the bulky and heavy stock naturally in- creasing their price. , it 1s stated, are perfectly satisfled with the shucked stock. Dealers say that most of the oysters shucked for shipment to cities are shucked under proper sanitary condi- nd are shipped in containers that, be thoroughly sterilized. In- 5 Rt Sou Pac 4% Sou Ry gen ¢s. Tex Ark F'S 5148 50 Texas & Pacific 1st. 1 Tex & Pac6s B1977 3 Tex & Pac6sC179.. 17 Third Ave ref 4 . Union Pac 1st rf ¢8 R Buses 825.880.% e URISEE B R #5F SRR BadlBuens! F s, P L FEF The 6% First Mortgage Notes sold through Swartzell, Rheem & Hensey Company have built for thousands of investors a steadily growing sum, lead- ing in future years to an income inde- pendent of earning power. And the safety of the capital invested in these Notes is assured by our record: More than Sixty Years Without a Loss To An Investor. o O, ) g ] 352 2258808 w B TEESE SN H ¥ WA Ford Mot Frane Foremost Dairy. Foremost Dairy FESETER ZZEEE! B 5585 SEEuISEaS e I3 H REST xbllh 4%8 78 rets. 1 & Aromur&Co43;s39. Armour Del 5%s... Assoclated O1l 6 Atl Gulf 58 59 2 Atlantic Refin 4 Bell Tel Pa 65 B, 28 Bell Tel Pa 5s C 6 Bethlehm Stl pm 68 32 o & RIS 13 3 o 925 95% 954 95% & seiaBe FEEEE FEFE 5 - cholera and mill strikes have com- bhined to bring unfavorable results to India’s industrial situation. Beth Steel rf b8 Beth Steel 6% America’s neighbor, Canada is in a very excellent position according to the department’s reports, with good wheat crop -éonditions, active wholesale trade, increased mineral production and a new record in iron and steel output. In Africa, South Africa has an optimistic outlook for agriculture and domestic industries are booked to capacity, while | construction remains very active. The brightness of the European sit- uation augurs a good indication for Ame: <rops, including trus, sugar beets, wheat and olives, have the 6 rtain-Td 53%4srcts 13 Chije Copper bs.... 12 Col G&EI 58 May 62 13 Com Invest 638 '49 Com Invest 6s " Con Coal Md b/ Con Gas N Y 5% Cuba Ca: o B cee 11 100 104% 1044 % 934 97 104% a1 65 Special Dispatch to The Star. BALTIMORE, Md., September 14.— Poultry, alive—Spring chickens, pound, 25a32; Leghorns, 24a28; poor and thin, 18a20; old hens, 25a31; Leghorns, 21 224; old roosters, 18a20; ducks, 20a22; ;‘:ihrw;s fowls, each, 40a65; pigeons, Eggs—] , 5,120 cases; native and nearby, ts, 38a40; current re- gelg::l: 35a36; o ‘whites, utter—Good ancy, A pound, 42a47; ladies, $5a36; . 8t0ré Tolls, 31a32; process, spectors in both Maryland and Virginia, llp'flw stated, require the shucking and of oysters under conditions which mean their reception in cities in the best condition. turkey supplies for The question of the Thanksgi holiday usually gives local dealers some concern, and nat- urally so, they state, for there alway: is a possibility of a shortage and high prices. “And when recel] are slow,” com- 48a50. | s susuzus Nusne eessneas Ben,aun.,. 8 = S & R Ha 2gsfupyarsye uunug uauosees Bu o ) P ’=‘FE‘§9§ = S 538 2 :g’i' 250 L g gen! GG EZgwaua Enpad an. ux B. 2 Gotham Knltback M. 5, ISR Bt B L P e Y i) 5B et . PESRS S B =§§ gesf EE E.m 00008 3 22 d! SR Py & Eg!l. & Groc Stores 16 Ground Grip Shoes. Hall Printing 885! ¥z 28 W & 2 SWARTZELL, RHEEM & HENSEY Co. MORTGAGE BANKERS 727 15 STREET N.W. WASHINGTON D.C. / Oldest Savings Institution in the District of Columbis National Savings & Trust Co. e R T T T T prospect of good prices, while in France a good wine year resulted and Italy has a bumper wheat output. Industrial activity in Europe, the de- partment’s reports say, shown a ®eneral increase. The new industries, chemicals, automobiles, rayon, electri~ cal equipment are active, while iron and steel are well occupled, especially in France and Belgium. Textiles have improved their conditions, ly in | Intl Match bs 47. cotton manufacturing in Italy and|Inter Paper6s.... woolens in England. France’s coal|Int Tel&Teleg 6% .. mines are increasing their production | Int Tel&Tel 438 cv 13! instead of diminishing it as last year. for birds for the ZEREREERE S2282e2e58 SRR SRERE FEFFEFERE rices vtlan of ample mppuuwmmmm ‘Thanksgiviny Corner 15th and New York Ave. Year Maximum Security for Your Payday Savings PROTECTION is what you want most of all for the competence you are creating through regular Payday saving. This old,” interest-paying bank proffers Securjty and Service that have measured up to every requirement for sixty-three years. Deposits invited in any amount. Same rate of interest paid on both large and small accounts. Open Uniil 5:30 P.M. Monday, Sept. 16th OFFICERS: D. HOOVER, President ‘WOODBURY BLAIR, 1st V. Pres. FRANK o' 388e8ee2e08 33828802258 St & "Vegetable Prices. Potatoes, while, barrel, 1.50a4.75; 100 pounds, 2.75a3.25; sweet % | rel, 1.0022.75; yams, barrel, T00;" cabbage, ‘namm .00; cal Yy 100, 4.00a5. corn, dozen, 1 6521.00; ' o] al 3 ] i’ i FEOF EREFRRRRRE E58.28 W wepm~ilal funSreRcoan WS F ===-:8§8=8== l;fi!g = qi‘z u'&? g2 dealers Texas and other States in which a hnegruwfl.\onofmkmtot the local raised. o Ei_gl. Der: soat 6 100 stuff vu:l:to npw?od“dm ! per, s y % |2.10; ' peppers, hamper, week, wholesalers having béen able crate, 4,0024.25; lqguh. demands at bushel, 76a90; & 2.00; crab apples, iper, loupes, 5081.00; bas NEW YORK COTTON. o8 i 343 FEEES OEESER 30t senesiue b 91 206% 102% 5 99 1 102% 5 98 3 118% 1107 Lorlillard 6 %: 1 85 LouGas& El6s62. 4 102 Y o s, wuugy HEF & S FFFER sfi!&:fi-’!“‘ BLBESA5ENEaNRNE, e sy, 8! FESTEE R EEE department's the Summer slackness said thad o uch less noticeable than last year. ‘The interdepartmental committee in its decision advising Gen- eral Brown to reject all pending bids for mail contracts was clearly obli- gated, In opinion of Government ‘hgflfl-flt of the situation, to request Congress to clarify the intent of the malil provision of the 1928 merchant marine act. ‘The question which confronted the in- tal committee was whether % & BERRR! 15355 # S8 99 99 102% 102% 97 97 118% 118% 107 107 3 2! W FESE s2sisnaseas; 85 85 102 102 81 81 90% 100 100% 100% 80 80 - 96% 964 100% 18 1% 1115 s11s | OF the 97% 9T 105% 105% 110% 1104 99% 100 100% 1004 101 ,101% ¢ 101% 101% 109 109 ssieadageade b t3 g Midvale Steel SRR WESER oo BR88II288%385822883283 0109 0011 4 1A 0 i 2 e 009 0 s 60 D00 AL 2 O T 314 340 0 O e 0 D000 B0 0 Bt 0 2 s 0 B 00 BB 1560 e rsrsracn e 2EE Son P £ e 40% _40° 4% fi I,l:’/. lfig 102 3 8 £ R e dag; R ) 2guE FEEOER FEE 8 5 =4 = g i I & F 23 b 33 £ 5 Butter—One-pound its, 46a47; tub, ; store-packed, 30a32. 43a45; fresh { E3 2| 5 it 54! ssasalzesafse: 38 28382 F ¥ ORRE § o S ERUEE HEMETE £ fil 8 F T & 2238238883 R F Aet. Beey. E&"‘-’i gy o * A 3 K : ”Si# o pt 3. % % 99% 101% 1014 % 95 90 90 101% 101% 100% 100% 93 934 asmrensms G