Evening Star Newspaper, September 26, 1929, Page 15

“‘FINANCIAL. Consult Us First If you ‘need money for our Real Estate financing et us have your application today. ~ Prompt Service NoRdsrrsiieiite {Rail List Proves Strongest| Feature of Trading—V. S. - Group Steady. The Commercial National Special Dispatch to The Star. NEW YORK, September 26.—InteY- est in the bond market again centered today on the issues with stock con- version features and these were gen- erally weak on & fair volume of sell- ing. We Recommend Mutual Investment Trust Class A Certificates at the market early from 1 to 3 points. There was | & partial ‘recovery. In the last hour convertible issues strengthened, some finally showing gains of a point or two. Atchison convertibles weakened with the others, although the general list .of first-class rallroad and public utility bonds was inclined to firmness. The American Telephone and Inter-| | national Telephone 4!;s both sold off | 4 higher earnings shown in most railroad statistics caused strength in the junior carrier issues. Baltimore & ©hid bonds were firm with the rest of the railroad list. The || road has applied to the Interstate Com- merce Commission for permission to issue a large amont of equipment trust certificates. Other railroad bonds showing frac- tional gains were Chesapeake Carpora- tion 55, New York Central 5s, South- ern Pacific 413s, Northern Paclfic d4s, Great Northern 7s, Missourl & Pacific 4s and Southern Railway 4s. The last named were up a point. Interest continued to be manifested in the bonds of the New York, West- | chester & Boston Railroad. The road | assumed part of its interest obligation | this year, after the New Haven had! | pald the Interest on the New York. Westchester & Boston bonds for 17 years. Increased earnings were shown in the road's report to the amount of |lr0und $100,000 for the first eight months of the year. It was announced | the company will be able to handle its ! own obligations by 1931. The bonds | were up fractionally todsy. | Government, issues were off at the (close. In the foreign list most is- | sues” were off slightly. * Budapest 6s | dropped 2 points to a new low for the | year. Kreuger & Toll 5s were down , tractionally and Lautaro Nitrate 6s were unchanged. Argentine and Chilean Analytical review sent on request. Kynaston & Company Investment Bldg. Met. 5334 "1/ 07, Mortgage Bonds of 6/2 70 the Federal Se- bonds were heavy. curity & Mortgage Company o ooty omrees . || PENNSY PUSHES PLANS and are secured by conserva- || TO IMPROVE FACILITIES tive mortgages on home prop~ || special Dispatch to The Star. erties. : final step necessary before the $23,000,~ 000 improvement program of the Penn- | sylvania Rallroad can be started was taken yesterday, when the company | filed with the board of estimates an agreement to carry out the terms of the ordinance authorizing the ex- pansion. Work will begin. as soon as a few | scattered properties are acquired, it was | announced. The program includes new | tunnels along the main line, electrifica- tion of the system here and a new | Calvert station. | The, Public Service Commission yes- ‘urdnf signed ‘an order approving the | { three city ordinances granted to the | T y & (O4C | railroad. mm W w: The main object of the proposed A b S A Sl D Ml work is to eliminate all the railroad's | grade crossings within the city, to | eventually electrify the system.and to increase the through-city trackage from | two to four lines. E | The Harrisburg division will be con- | tinued as a steam line, which will | necessitate the bringing of some few trains into Union Station .under steam, ! but with the exception of this line the i electrification program will embrace | | the entire system. . ‘Washin_gton Siock Exchange i SALES. Potomac Electric 513 % pfd.—5 at 10; | District National Bank—10 at 222. You are definitely assured of a profitable interest rate with absolute safety of principal. *Pederal Security & Mortgage Co. 1522 K Street NW. Washington, D. C. 1800 BEERE. BROWN «* SONS £ Underuriters - Distributors s merican INVESTMENT 455, CURITIE { Po'g""'nam'c';ég’ 5‘;’ r"v. 1057 | 1067, 30 at 1057, 5 & V SE T 5 ospital Traction 55-$1,000 at 93, $1,000 at 91%. S5 | Mer‘em.).lller Linotype—20 at 103%. ¥ | Washington Rwy. & Electric pfd:—10 at :Wasnincron Orrica | 983, 5 at 967, : : { Washington Gas 6s A—$1,000 at 10 %37 15th Street N. W, | Capital Traction Co.—10 af Telephone, National 1053 | 1929 | _ 863, Fe;lnenl—A.m‘erlun Co. pfd.—10 at 1005, at 100%. | Barber & Ross 62 %—$3,000 at 945, AFTER CALL. Security & Trust Co.—1 at t 90. { Merchants’ Transfer & Storage pfd.—50 at 106, i Bid and Asked Prices. | BONDS. | | Marx Orrics - Bartivons PUBLIC UTILITY. Guaranteeing The Trade Mark Satisfaction Barber &' Ross, Inc., 6% | Cham.-Vanble Hotel 61 3 aper MIg. 6 ot. Joint Stock Ld Wasn. Market Gold Sto; Wash. Cons. Title 6s... PUBLIC UTILITY. ~Amer. Tel. & Telga Capital Tract] Washington Norfulk & Wi Potomac Elec. Potomac Elec. 5! Service Station for Office Equipment Stockett-Fiske Sales Service Saves Shopping Bank of Bethesda Commerce & Sav East Washington. ... ity o Stater Washington Mechanics o FIRE INSURANCE. Amevican .. . Corcoran Firemen's National Ulon.... v TITLE INSURANCE. Columbia Title. Real Estate Titie Tile & Inv. -of Md. com Wash. Cons. Title pid. MISCELLANEOUS. Our sales representatives are not » “high-pressure” salesmen. They are thoroughly trained “ad- visers,” capable of giving you real assistance in__ properly equipping your office. They know our “stock,” our equipment and our policies. They bring our store to you. ‘This is & service of which we are justly proud and which brings us big returns in satisfied customers. . . Sand & Commercial B, G Paper Mis, pr - Dist. Natl Murl!fl Use this service. Phone Jeceral Storase bid.. Nat'l 9176 Merchants' Ti Merch T.ans. Nt ke, & Inve.ol les. Drug Storss pid. Real Mtge. & Guar. pfd. STATIONERS IT" iy, Buosane : . oM * WA/ . Mtge. com h: Medical Bldg. Cor Voo Rfop pia. Vo adnd P P 13% | BALTIMORE, September 26.—The | {Celumbl.n Sand & Gravel pfd.—30 at s ' Received by Private Wire Direct to The Star Office Sales. High. Low. Close. UNITED STATES. (Sales are In $1.000. Sales. Hish. Low. Close. 9716 97:1 9711 9816 982 9812 981y 9813 9818 972 972 100 2 972 97 2 1002 162 14 102 14 102 14 106 13 10613 106 13 IGN. . High. 98% Belzlum 78 1956. Belgium 73%s Bolivia 7sct Bolivia 8 Bordeaux 6s. .. Brazil 6148 19: Brazil 6% 192 Brazil 7s. Brazil8s.... Bremen Sta 6. 7. » Rasusnlan P Fiat 7s x war Finland 5%, Finland 7s. Slrsaumusansnlenaa-annotne o X pOa 73 SER Marseille Milan 6% Montevid New So W New So W Norway 6s Norway 6s 1944 Norway 6351952 Orfent dev 6% Paris.1 ‘Paris-Ly. Paris Orl Peru 651960, Peru 65 1961. Peru7s. . Poland 65 40. . Poland 7s (rets). ., Poland §s s Queenslan Queensland Rhine Wst EP 6s' N L L 1) Sao Paulo $5'1936 Sap Paulo 1950. Saxon (PW) 7 Seine 73 42. 2Zwm Vienna §s Warsaw 78’52, Yokohama 6s...... Low. Clase. 84 9 MISCELLANEOUS. Abram&Straus5l%s 2 Alleghany Cp 58'44 61 Alleghany 53 49 wi. 35 AmAgriChem 7%s. 9 AmChem b%scv 49 33 Am Int Cor 5'%s 49.144 Am NatGas 6%s42 14 AmSmit&R 1stbs 14 Am Sugar Ref 6s. .. Am T&T cv %8391 AmT&Tecltrbs 7 426 % Armour Del 5% Atl Gulf 61 69 Bell Tel PassC... 1 Bethiehm Stl pm b3 Béth Steel rf bs...... =15%853., om Stee hI'erm Bldg bs ‘ertafi-Td § lg Chile Copper Dery (D G) 5. Det Edison Det Edison Intl Cement bs48. .. Intl Mateh §s 47, Int Mer Mar 6: Inter Paper IntTel&Teleg 4%. . Int Tel&Tel 4%s cv 281 S R Lorlili “P) .. Lou Gas & K1 bs 82, Manatl Sugar 74s McCormck KR 65’34 Midvale Steel bs. Montana Pow 6u 43 Montana Pw deb 53 Mor's&Co 18t 4348, Nat Dafry b Nat Tube Ist 6s.... NewEnglana Tel §s North Am kdis §s. . 4 | No Am Fd b.%% 6 Nor Sta's« 'ow b Nor Sta’ s Pow 6s. Pacific 113 & El bs. Paet U188, x° : 107y 109 1084 1074 108 107% 1034 29 100 104% 104% 0% 104% 981y 95 102 97 100 - 107% 9l 106 100 Jak 1014 bl 97. 9% 13, 1075 108 1105 /L% e 9915 - udla . 98% 1004 T 9k 104t 1044 9% 994 101 10i% 101% 101% Pan Amer Pete 65.. 10 Paramount 6s 1947. 6 Peoples Gas 5 Phila Co 6s 67 Phila & Read 634 8 ‘Philips Petro b%s Por Ric Am Tob 6s. Postal Tel & C 5%s RemingtonAr 68 33. Rem Rnd d%® war. Stinciair Ofl 68 Sinclair Ofl Sinclair O11 2 1 South Bell Tel Southwest Bell Stand Ol N J 46, Sug E:Orient 7 Tenn Elec Pow Transcontl Oil 6%8 United Drug bs b3 U S Rub 1strf§ U S Rub 7%s. U S Steel s £ b Utah Pow & Lt b8, Utilities Powr 6%8 Vertientes Sug 7s. . Walworth 63 '45 Warner Sug 7s39. . Westn Union 55 51. Westn Union 6%s Wick-Spen cv 17 Wilson & Co 1st 6s. Win RepeatAr 7%s Youngstn S & T bs. - - Satuannuninorokaeas » & —xBnRemnmcSaS e 26 RAILROAD. Atchison adj ¢s 1 Atchison gen 43, 4 4 B&OSW 5550, Boston & Maine Bklyn Manhat Bush Term con 58 Can Nat 4%s 57 Can'Nat4%s68.. Can Nor 6%, Can Nor 7s. .. Can Pac deb 4 Can Pac 4 Cent of Ga 55C & Cent Pac 4 » I ES - EPTOS TS |- od PSP U S 9 h gen 4853, & Q4%s 717 B. CB&QIN3Y Chi&E 111 gn 5 Chi Gt West 4s 6 CM&StPGen#$d.. ChiM&StP4148C89, Chi M&StP 4138 E. Chi MilSP&Pacb: peyerny P L L L Conn Ry&L 4348 CCC&SIL 448 E . Cuba R R és. . Cuba R R 68 193 Cuba Nor 5%s cts.. Del & Hud 5%s. Del & Hud 7s 30, Den & Rio G cn 4 D Rio G West =2 Det United 4% Erie conv 4s A ¥rieconv4s B Erfe 1st cons 4 E o roxZopnnmnmmn Fla East C 58 74 Gr Trunk st db Grand Trunk 7 Gt Nor 438 76 D. Gt Nor 58. Gt Nor 5%s. Gt Nor gen 7x. Green B & W deb B. Hocking Val 414 Hud & Man aj | Hud&Man ref ss. 111 Cent ref 4s. 111 Cent 4% 5 &/ . 111-C-C-StL&NO bs Int Rapid Trans s. Int Rap Tr 68 stpd. Int & G Nor 581956, Int & G Nor 1st ¢s. . Int & G Nor adj 63§ Int RysC A58 72.. Int RysCA$s41.. Int Rya C A 6348 rct’ Towa Cent rf 4s. Kansas City 8 5 Kan City Term 4 Lake Shore 43 31. LehiVgen 4343 2003 Lehigh Valley 55 20 Long Is rf 4s 4 Long 15 8 37. Louis&Nash uni 4 Louls & Nash 58 B. > MK&T4sB, MK&T41%s7 MK&T prinbs | M K &T adj 5s Mo Pacific gen Mo Pac b5 A 65 Mo Pac 58°F 77 Mo Pac 63 G 78 o 3 03 0 e e D0 OV e 9900 e e 1S DN S e 0 e Mo Pacblesuyevt Montreal Tr.5s B 5| Nash Chat&StL 4 8 65. . - ‘*VVB%N: Sus&Wn gen 5» NYW&B4ys..,, {Nor& S gen 55 54. | No Pac 4s | Nor Pac 4148 2047 | Nor Pac5s b... Nor Pac rf 6 Ore Short.L rf [ T I LT PR PR e e TSP U 1 eoi m L A L P = =P N} St - P s. | Pere Mar 1st 45 | Pere Marq ist 5s. . PCC&SILEsB T8 | PorU el P L6s..... Port R L & P3| Port: RL&P 7148 46. | Reading ken 4 RioG W 1st 45 Ri0G West cl 4s. ., | StL IM&S gn 58 31. SIL&S F pl SIL&SFa%s SLL&SF prinbs. StL 8 W con 4833, S ktd 21 5% 5 105% 106\ 105% 1075 8% 293 1015 25 9lu 269 100t 109's YT 90 16 83'% 0% 101 108% 424 99 106% 99% +6 v 91 90 91l 90% 14 110 L L6% 96 1004 1061 8b% 101% 1054 1021 100 BNy 107% 67% 103% 110% 94 101% 1064 109y $07% 83 5% Yo% 64ly 3% 89 ¥615 ATl 154 931 9l 1 9% 110 5% 107% 100% 86Y% 1014 1034 8 107 8% 99 101% 945 75 103% 100% 9 #b% 998 109's 974 89 75 3% 60ty 100'% 1034 .42 98% 1067 9% 9 Y04 90 o1y ou 14 1104 501y 96% 95% 100% 106!y 854 101% 10515 10214 101 B 8914 B3l 93 9 9% 13 107% 67 102% 109 94 101% 1054n 109 7% 9% 23 95 995 64 6214 89 86l 874 B 931, 9ty 1L 9515 110 1071 1004 86% 101% 103% CONVERTIBLE BOND | [ sone BONDS roce sxcmas] ISSUES IMPROVE 107 i y8' OYSTER SUPPLIES . [TREASURY EXPERTS |-. PLENTIFUL IND.C. Dealers. at Market .H,'nvve Large Offerings—First " Shipments Small. Receipts of fish for the Friday and week end trade promise’ to’be light, plies of most varieties of fish this morn+ ing were 20 scarce that dealers hesis tated to quote prices, There were plenty oysters to be had, however, selects selling at $2.75 and standards at $2.25 a gallon, Dealers 8150 had both soft and hard crabs to offer the trade. Crab meat was not so plentiful. Dealers reported light receipts. of marine products from the Potomac River, few trout, rockfish, catfish, eel and carp being included. They werée received in very small quantities, how- ever, and prices were not cheap. Fish Sales. A% ' James Riyer netters supplied- local dealers quantities of.rockfish that found ready sale at 30 cents. Small. Boston mackerel brought 15 cents a pound, fillet of haddock sold at 23 and 25 cents, cents. Small quantities of frogs were re- ceived from the South, chiefly New Orleans, La, the large ones selling as high as $6 a dozen, the small ones i selling around $3. Conditions along the country line and in the commission house district this morning were about the same as re- ported yesterdsy. Four truckloads of Concord grapes from Delaware reached the commission house district this morning and almost glutted the mar- ket. They were offered early in the morning at 65 cents a basket. Fairly large quantities of New York peaches also reached here this morn- ing, prices ranging from $2.50 to. $3.25 & bushel basket. Apples continued plentiful and cheap, dealers reported, and fairly heavy receipts of honeydews { and honeyballs were reported. Oranges and lemons continued high, California selling at $8 for top quality and $5 and $5.50 for smaller fruit. Lemons were quoted around $12 a box. Eggs, fl'lflul"y getting scarcer, were slightly” higher this morning. Strictly fresh hennery eggs are reported very scarce and consumers, it is stated, are :hlinng to pay premium prices for m Prices of most other commodities this morning were about the same as prices quoted yesterday. Today's Wholesale Prices—Jobbers' Prices Slightly Higher. Butter — One-pound prints, tub, 47a48; store packed, 30a32. Eggs—Hennery, 48a50; fresh selected, 46a47; current receipts, 45a46. Poultry, alive — Turkeys, hens, 35; toms, 33; Spring chickens, large, 30; | medium, 27a28; broilers, 30; Leghorns, 25a26; fowls, 28: Leghorn fowls, 22a23; Toosters, 22; ducks, 15a20; keats, young, 60a70; old, 35a40. Dressed — Turkeys, 38a40: Spring chickens, large, 33a40; medium, 36a37; broilers, 38; Leghorns, 34a35; roosters, 26; ducks, 28a30; keats, 80a1.00. Meats — Beef, 2215a25; veal, 26a28; lamb, 25a27; pork loins, 33a35: fresh hams, 26; fresh shoulders, 22: smoked hams, 28; smoked shoulders, 20: bacon, |28; , in bulk, 14; in_package, 15. ! Ly stock—Calves, 15al3'z; lambs, 12a13. i Fruit and Vegelable 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 notc Apples—Supplies moderate; demand light, market steady; Bushel baskets, vVirginia, U. S. No. 1, 2}, inches up, Grimes, 1.50a2.00, few higher; Deli- cious, 2.25a2.50; unclassified Delicious, 215 inches up, $1.25a1.50; U..S. No. 1, 3 ‘inches up, Yorks, 2.00; Staymans, 3.50; unclassified, 1.2531.50. Cabbage—Supplies moderate; demand light, market weak: New York, 90-100- pound sacks, Danish type, 1 E Celery—Supplies moderate; light, market steady; New York, crates, early varieties, 2.25. Grapes—Supplies of Eastsm stock light; demand slow, market slightly r; . Delaware, 12-quart climax kets, Concords, 55a60; few 65. _.Lettuce—Supplies light; demand light, market steady; Colorado, crates. Iceberg type, 4-5 dozen. best. 4.50; few higher; poorer, 4.00a4.25; New York, 2-dozen crates, Big Boston type, 1.50; few higher. Onions—Supplies light; demand light; market steady; New York, 100-pound sacks, yellows, U..8. No. 1, medium to la ize, 2.0022.25. Peaches—Supplies light; demand light, market slightly stronger; Virginia, bushel baskets, White Heath, U. S. No. 1, medium size, 2.50a3.00; Penn- sylvania, bushel baskets, Elbertas, U. S. No. 1, medium size, overripe, wasty, 2.00; New York and Maryland, bushel baskets, Elbertas, U. S. No. 1, medium to large size, 2.7523.00; few low as 2.50. Pears—Supplies light; demand light, market steady; New York, bushel baskets, Sheldons, No. 1, large size, 3.2523.50; Anjous, medium _size,- 2.50; bushel Seckels, fancy, 3.50a4.50. Sweet potatoes—Supplles light: mand_light, market slightly weaker; East Shore Maryland, cloth top barrels, yellows, No. 1, 3.00a3.25; East Shore Maryland, bushel “hampers, yellows, No. 1, 1.00a1.25. a Potatoes—Supplies moderate: demand moderate, market weak; Maine, 150- 48a49; No. 1, baskets, String beans—Supplies very light; de- mand slow, market dull; Norfolk section, Virginia, bushel hampers, green, fair quality and condition, 1.25; few sales, 1.50; poerer, 1.00. Lima beans—Supplies light; demand slow, market about steady; East Shore Maryland, bushel "hampers,- mostly around 2.50. * = atoes—Supplf light; light, market steady; nearby Maryland, lg-buuhel ‘hampers, 50a75. Plums and = prunes—Supplies very light; demand light, steady; New York, lo-bushel baskets; French prunes, 1.00a1.25, . BUY WIRE COMPANY. NEW_YORK, September 26 (P).— Noma Electric Co. and Pilot Radio & Tube Co. have jointly bought the New. England Wire Co. of Westfleld, Mass. The P of the acquisition is to give Noma Electric an unlimited sup- ply of copper wire to carry on its ex- pansion program. @ The.purchase price was not announced. CHICAGO DAIRY MARKET. CHICAGO, September 26 (%) —But- o) ter—Weaker; receipts 5,546 tubs; cream- 1 111% 111% 111% Sou Ry 6%4s. B 117% 117% 117% ery, extras, 45; standards, 44;.extra firsts, 43 to 44; firsts, 40 to 42; seconds, 38 to 30, Eggs—Easy; receipts, 10,221 cases; prices unchanged. B . High. Law. Close.. 91 3% Ulster & Del Ulstré&Del b: Union Pac 1st 4 % Virginia Ry 1st8s, - &P g with prices correspondingly high. “Sup- |’ while fillet of sole was quoted at 40 jn medium to | pound sacks, Cobblers, U. 8. No. 1, 4.50a | 4.65. demand | market about |- ' CONSIDER TAX CUT iMounting Revenues Result in Effort to Lighten U. S. Assessments. . BY JOHN F. SINCLAIR. Bpecial Dispatch to The Star. NEW YORK, September 26.—Since the war, -Congress has reduced the in. ternal revenue taxation on four dif- ferent occasions, It cut off $663,000,000 |in 1921, Three years later, the Federal | tax bill was cut again $5619,000,000. In 1926 it was again reduced by $442,000,- 000 and last year by $222,000,000. Now the Treasury officers are working on the proposition of a fifth cut for the new calendar year 1930. Throughout last year the Treasury insisted there would be mo surplus. But prosperity (kept up to a point where at the close ‘of the calendar year in June last, in- | stead of a deficit, the Treasury faced a surplus of $184,000,000. The first quarter of this, fiscal year shows a surplus of about $30,000,000 as | against a deficit for the year preceding of_$110,000,000. ; Where will the cut be made? The tax cuts in 1928 were made chiefly in the corporate income tax rates. The next tax benefit prob-bg will be given to those who pay on earn who__received very \come—persons little benefit from the 1928 cut. Secre- tary Mellon already intimated as much. | It the business of the United States maintains the present high level of | prosperity, it is not too much to ex- pect a tax cut exceeding that of 1028 It may even mean a $300,000,000 re- duction, The Glen Alden Coal Co. of Pennsyl- of anthracite coal in the United States by its purchase of the Lehigh & Wilkes- Barre Coal Co. The Glen' Alden stock is selling today at about $145 a share. The Lehigh & ‘Wilkes-Barre Coal Co. received 676,700 | shares of Glen Alden stock for its properties located in Pennsylvania. So $128,121,500 was paid for e 11,658 acres of coal lands, 26,125 acres of sur- face and timber lands and leases, and 12,074 acres of coal land in Pennsylvania. { "'The Lehigh company operates 10 {large mining properties in Pennsylvania, a property which the Central Railroad {Co. of New Jersey six years ago sold for $32,490,000. The Jersey Central was ! compelled to sell this property as a re- {sult of & decision given by the | | States Supreme Court on & violation of | Sherman anti-trust legislation. | The Glen Alden production in 1928. | was 8,442,000 tons. The Lehigh & | Wilkes-Barre output was 5,267,000 tons. ! Together these two mergsd properties | | had an output of 13,700,000 tons, put- | ting them into first place. The Read- (ing Co., which 'has always bzen re- | garded as the largest reserve of anthra- | cite, min=d but 9,188,000 tons last year. | This i1s the first big merger in the ! anthracite industry. This move may be | | the beginning of the clarifying process | so long awaited in the anthracite flelds, | | - Another billion dollar corporation in | | the making! The Standard Oil Co. Dfl | New York and the Vacuum Ofl Co. have | |reached an agreement whereby A merger of these two glant oil companies is about to be effected as a result of negotiations which have bzen progress- ing now for more than one year. The Standard Oil is already one of the “Big Four” in the Standard Oil group, the others being the Standard |-Oil of Indiana, the Standard Oil of New Jersey and the Standard Ofl of Cali- fornia. . “Thi¢ is the first legal tie-up of two !Standard Oil corporations since ‘the | United States Supreme Court dissolved {them in 1911. Now they are getting | back together again. | Standard. Ol of New York is & com- | plete petroleum unit. It produces, trans- ports, refines and markets oil products. Tt is the largest distributor of gasoline !in both New York and New England. | It has 17,364,000 shares of common | stock selling Tecently at about $45 a share upon which $1.60 a year is paid. The Vacuum Oil Co. concentrates pri- marily on foreign trade. It also pro- duces erude ofl in Louisiana snd the. Scuthwest. It has 5,047,000 shares of | stock upon which it pays $4 a share. ‘Together, these two companies have an open market value of about $1.375.000,~ 000—but their combined assets, as re- | ported, amount -to $880,000, The basis of the merger has not been announced. Some shrewd observers be- lieve that this is the beginning of a re- merging of many of the Standard Oil units which have been going it alone since 1911—and going very successfully, too. “Twenty years ago I left the stock market and moved elsewhere.. I had a | membership on the New York Curb Ex- change and I sold it for a couple of hundred dollars. Now look at what they are worth!” This gentleman had not been in New York in 15 years. He was reminiscing. He made a mistake in selling his curb membership, for the last sale was an- nounced this week for a membership on the New York Curb Exchange and the Drltée was $254,000—the highest ever i paid. Up to 1921, when the Curb Exchange moved indoors, memberships rose very | gradually. Since that time they have leaped. Today, there are 550 memberships on the exchange, which are worth at pres. ent, based on the last sale price, $139. 700,000. This is an appreciation of about 6,700 per cent in the value of their memberships since 1921, when the | institution moved indoors. Few stocks can show any such appre- ciation. |, The New York Stock Exchange mem- bership stands at $625,000. It was only | a few months ago that each of the 1,100 | | members of exchange received one “right,” four of which make up an | ditional membership, or 275 n°w seats. (Copyright, 1929. by North American News- Dpaper Alliance.) s THERE ! is Risk'or ‘§ii Safety in the tires you buy. Avoid the danger of tire failures. Equip your car with Hood Tires.” 1636 Conn. Ave. N.W. | vania has become the largest producer | Money to Loan of trast al estate. S Eae. REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Advantages incident to direct . répresentation 1520 K St. N:W. 10475 seph t the : 5 > The Standard Collateral® s _Corporation ‘oodward Bldg. Nati = -Real Estate Loans Applications invited at lowest rates and commission —econom- ical consideration for borrowers.- Both large and small loans mnegotiated— prompt replies. Moore &Hill, Inc. (Since 1900) 730 17th Street N.W. In_homes, apartment buildings and business properties. No appraissl fee. Prompt service. & Guaranty Corp. Millions Are Smokers— But Few Are Growers An Investment in a Co-Operative Tobacco Plantation (Operated for You by Experts) Can bring more than 20% as an annual return National Tobacco Growers, Inc. 135759 National Press Bldg. District 9197 Real Estate Mortgage, 24 Jackson Place Natl. 1403 ' United | || 3 s 3 o = - First Trust Notes Secured on Washington, D. C, ' Real Estate Interest 6% Semi-Annually Conservative Appraisal Certificate of Title Fire Insurance and careful attention to details Wm. H. Saunders Co. Est. 1887 1433 K St. N.W. Dist, 1015 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 Exchauge Copy of our “Fortnightly Revler™ on Request 1508 H Street ; Connecticut at K National 9600 Private Wires and Telephone to New York Avoirdupois on Sirius The weight of a cubic inch of common earth on Sirius, the Dog Star, is ap- proximately one ton, according to latest astronomical ealculations based on 'the velocity at which the star is moving. But a man who happened to be set down on Sirius would not calculate his weight in tons—for the scales, and everything about him, would be heavier in proportion; and his calculations would give him the same answer. In the same way a man with a large amount of eapital is no better off than 2 man with a small savings fund, if he makes a disastrous investment—he still loses all his money. But—if the small investor chooses carefully, regarding security of capital and steady interest return, he will find himself approach-, ing equality with the large capitalist— for his principal will steadily increase with every interest payment. Hundreds of our clients, who have in- vested in the 6% First Mortgage Notes we offer, have gradually built their capital from a small beginning to a sub- stantial fund, giving them freedom and independence in later years. Their guar- antee of safety is based on our record: More Than Sixty Years Without a Loss to an Investor. . SWARTZEIL, ReFEMm & HENSEY CoO. MORTGAGE BANKERS ' T27 15 STREET N.W. : WASHINGTON D.C. T ST e 00 S