Evening Star Newspaper, September 28, 1929, Page 11

FINANCIAL. FINANCIAL. * TRADING IN BONDS ON NARROW SCALE Convertible Group Weak Sympathy With Stocks. U. S. Issues Higher. ArgentineSs...... 1 B9% 9% Argentl: sJub9.. 7 98W 84 R | Argentine6sOct69 2 99 9 15 Bpecial Dispatch to The Star. Argentine May ‘61, 1 813 9813 NEW YORK, September 28.—In th | Argentne 6sA..... 2 991 99% closing session of one of the slowest |Argentine 6sB 3 98W 98% weeks of the year on the bond market, | Australia 433 56.. 10 851 85 trading opened dull, with the only active | Australia 5s 1955., 29 9. 9% interest manifested in Amcrican Te!: ::::‘:::ig’fiswfl.- 6‘ l:“ ‘g_l‘_‘: hone 47,s. These bonds, after a tria 7s. oo B 1024 102 Eomv, drop yesterday, opened down a |Bank of Chile6%s. 1 SW' »:w half and dropped farther as the session | Belgtum 6s (89 404 SrNery | continucd. Some support came in later, | Belgium 634 s 108K 104K il 1101% In conformity with the movements of | Belklum 75 1955 107% Gt clinaon 81 the market leader, other convartibles, | Belgium 78 1056. T e oy 52 1277 notably International Telephone 4'.s, | Belgium 7i%s o CentEesan N American 1. G. Chemical 5'»s and Al- | Belglum § 108% 390, 9 1004 5 | Boltvl; 80 Ches & O Corpn 6s. 97 Aty T ealimeiie S 9 |Cies& O cvilun: - 29 9o1s 158192 s Ches & O gen 4145, . ty The continued increa. ek e CM&I TIEn ba b1, 21 78 money, with the conscquent attraction [ .o r2% 2 ® 95% Cmu( West 43 59, . 6% of funds to the call mar has de- {'irazl] 10s M & StP Gen 89, pressed the bond market below what a | PraZi8s. - 100% ChIM&StP4 % 5C8 few months 2go was termed stagnation. Chil M&SIP 448 .. This week the total of new bond issues | Canada 63 1931 995 Chi MilSP&Pac5a7s offered was $24.373.000, compared with ada 5s 1952 102 CMSP&Pac ad 5503 $39.065.000 last. week and $69,417,000 in | Chile 6560 8a'y Chi& NW ref 5s. the same week last year. Chile 6s°61..... Chi Rys 58. . Municipal issues were few, and the | Chile 7s 1943. . ChiR1& P gn 4. Jargest was A Canadian offering of | Chinese Gov Ry b. Chi R1& P rf 4s £2,000,000, the next largest being one | Colombia 6s Jan ‘61 Chi St P&O 65 30, of $865.000. Many cities were unable | Con Pow Japan 7s. Chi Un Sta 4348 To get bids on 47. per cent municipal | Conennagen 4348 3 C& W Ib%s62 debentures and an issue offered with | “openhagen bsct.. '&StL 415e E that rate by Toledo was sold only after | Cuba 6138 9 CCC&SLL deb 43, the bankers were permitted to bid two- "UMM 881951, CCC& St L 5s D. thirds of the $3.170,000 on a 5 per cent | Czecho 8s 1852, Colo & Sou 41 sl Denmark 433s. Cuba R R 58 The first-class bad bond issues .L:"""."k' Cuba Ner 5138 today were firm, with one or Lwo exceps | peRmark 6s. . Del & Hud 18t re ¢a, tions, where the price was off a smull | Ibich Hast L6s Del & Hud 51 3 fraction. The iunior carri-r mortgages | M1t Ts war 48 Do were generally oft fractionally from | 20 I X Sar 46 Srie 15t cons 48 gains secured in Fri market. Sea- 0 e I"- o le conv 4s B board adjustment 5s lost part of their | l_.‘r::"."}’a" Thas fe conv 48 D, 2-point gain of Friday, but the 6 per‘k.m:‘nfif“- riecv bs 67. cent loan of the same company gained ch 7%s. irie conv Kx 7s, fractionally. Chiczgo, Milwaukes, St.|German Bank 6s '3 BikiERet 8 Paul and Pacific \ssues were down |German ElP 6% e s 74 slightly. German 7s 2 ‘{_runbklu db 6: Dodge Bros. 65 were off and so were | Greek 6s 1963, Gt Not gen fa. Philadelphia Coal & Iron 6s. Hungary 71 Hud & 5' s In the foreign list German Central | lrish Free o Bank 6s were slightly higher and there | lialy 7s of ba. was some trading at unchanged prices | Japanese ¢s. 1l Cent 4% s 66. , in Deutsche Bank bonds as traders con- | Japanese 6 ;5. I11-C-C-StL&NO b5 sidered the possibility of German pros- | Kreuger&Toll 5s ct. Int Rapid Trans 6. perity as a sequel to the merger of the | Lyonsés. Int Rap Tr 58 stpd. Deutsche Bank and the Disconto | Milan 6%s. 854 Int & G Nor adj 65§ Gesellschaft. ) Montevideo 7 ysia Kan City S 3s. United States Government issues were ' Y07 | Lke Shore 48 31, slightly higher. 91 Lehi Vaicn4s. ... via Washington Ticker l Uy - THE EVENING STAR, WASHINGTON, [ iow BONDSzearsmn] |PLENTFL TURKEY SUPPLY INDIGATED Sales. High. White Fagle 051, 5 101% Wick-Spenev7s... 2 42 Wilson & Co 1st 6. 2 98% D. C. Dealers Expect Plenty of Birds Before Advent of Thanksgiving. D. C, SATURDAY, SEPTEMBER 28, 1929. 11 Money to Loan first deed of trus Prevailing interest and A ‘Jo:eph 1. Weller 20 First Mortgage Loans }fi * | Lowest Rates of Interest and Commission 112 | Thomas J. Fisher & Company, Inc. Nymaeseets. o g gl Consult Us First 5Nor 8 P M 6'2s C 5 0hio Po 4% D If you need money for . 89 45ac wn oI evur 43 84 ! {our Real Estate financing 5 Penn Dock & W 65 '49 977 et us have your application today. 2 Penn O E 65 A '50 ww 101’2 V2 Proples L & P 55 19 60 Prompt Service No Appraisal Fee NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Low. 101% 42 98M, 1064 994 Clos: 101 42 YRay 1064 99 | UNITED STATES. (Sales are tn $1.000.) SBales. Hig) Low. Lib3%s. 9710 978 Lib 1stdys 9815 988 Lib4th4s 105 9817 9812 9815 US3%s47. 14 972 972 972 US4s1944 1 10226 10226 10226 US4%s52. 10 10614 10614 10614 FOREIGN. Sales. High. Low. ! 8ales in INDUSTRIALS. hundreds 3 Aceiol Prod A... 9Adam De Exp 1Aero Indust.... 5Aero Indust’ war, 6 Aero Sup M! B. 1Aero Underw 3 Aufa Ansco 1 Alr Inv evt pfd o Alrstock vic a Gr South pid w York Merch 2 Mexariaer Ihabiiries: i Mhr | 152 Nime Hud Fow. ol 5Allied P &L 5 2 Niag Hud P A war.. 2Allled P& L pid 1 ¥ 3 Niag Hud P B war ZAllled P& L m pid. . 3 Niagara Shares 2 Allison_ D "B & Niles Bem Pnd 1 1 4 6Nat Union Radio. 1 Nehti Cor) 2 Neisner 2 Nelson H, 1 Neptune 'a New Eng Pow pfd 1N Y Rio & Bue Aires 1 New Haven Clock.... 2 Newport Co n i 13N ¥ Invest.. 2N Y Invest 200 29'; 2 Mass Gas 38 8 Memphis N s, S MIm Ry Fuel on 44 11315 $Mon LM & P as sl odte 4 Morris & Co 7 1 1 Morris & Co s 1 a 5 Narrag 5s 'S Close. 9710 988 | Win RepeatAr 7148 1 106ty ; Youngstn S & T b 13 d9n RAILROAD. 4 Bblay 4 90% 153 2 9% 97 oYy 100 102 107% 1001 94 91ty 9N 907n Atchison ad) Atchison ge ! Atch deb 4745 43, Cloon, | B &0 Gold 4a. S | B&OCv4ly elp&ortas... B & O 53 2000 B&O1sssct. 8515 908 153 91% 964 99 100 102 1074 100% 7 90% 9% 90 114 10154 50% 106% 857 100 974 voY 94 % [N 8142 90 89% | 5614 6l 8513 90% 153 9114 96% 9974 994 102 107% 1004 941y 90y 9k 90% 14 101% 805, 106% lum ' Co_Am el TR s Pow 10 Nor Am. Aviation’. m Brit & Cont Corp. 3 North, On PAL 65 bid m Briv Bov ki P 3 Nor Bia B A - 2 3 AL chain | Nevadel Azne 1'Amer Cities P &L’ & ¥ Ghio P Ser A pid’ S Amer Cities P& L B 10il Stocks A .. 13'Am Commonw B AL 10il Stocks B 5 42 Am Commonw ‘P 10uthoard Motors A.. 1Pac Pub Ser A...... 3Paran Cab MM . 1 Parke Davis Co 2 Parmelee Trans 1 Paiterson Sargent 2J°C Penrey & Co. 103 © Penney pfd Penn O Ed pr pfd... Penn Wt P C 50 Pennroad Corp vic 1Peop Drug Store ... 5 Peop Lt & P Co A 2 perryman Elec 18 Petrol Corp st pfd! 1Petrol Merp .. 8 Philippe (Louis) ‘A 3 Philippe «Louis) B 1Pick Bar & Co pfd. Pilot Radio Tube . 3 Fitney Bowes P ... 1eus & LE 3 1 Powdrell & Alex Turkey time, as dealers refer to the 1 Thanksgiving holiday season, is only about two months off, suggesting to the handlers of the king of the barnyard fowls the advisability of getting advance information as to prospects for supplies for the holiday. “Very little information as to the sea- son’s prospects has thus far been re- ceived,” remarked a dealer, “and it is hoped to be a case of no news being good news.” There probably will be plenty turkeys 1 Am et in: to go around, the dealer sald, and the| i AT Si4 Pub Srv'A 2 price will depend upon the size of the er sfi;l,l:n ‘pld’d demand and the number of turkeys re- | 2 Anier Yieqe | P4 82 celved. | 4 Anchor Lost Fence n 214 Birds Plentiful. A Large flocks of the birds are reported in_evidence in nearby Maryland and B e Virginia, many of them 'appearing Elec Tnd. 1.0 rather small, but with the advent of SREEA crxalerb:'erlimrr they uhm (uka on n::‘l; ll‘fi'('vmrr“;?”kl"'s o an arge enough to grace 1) Fruit ug Thanksgiving dinner table. B o orol Am: Many of the smaller ones, of course, 1Beilanca Airc vie.l will be held over for the Christmas| }Bickiord ... holiday season, when the demand al- 1 Sktand brat ways is greater than at other times.| 3Bliss'E w .l Few turkeys, alive, have been received | 74 Blue Ridge’ ... here the past few days, while there are TBile Fiase SRl e plenty cold storage turkeys still to be ohuck had. Most of the turkeys In storage are | said 10 be rather large and are in de- mand by hotel and restaurant people, the large amount of white meat they | contain taking the place of chickens for salads and sandwiches. Dry weather in this and other sec- tions, it is stated, benefited the tur- keys very much. Some raisers in nearby Maryland and Virginia report having met with iosses of turkeys, but not to the extent that is usual when long wet seasons are experienced. “No matter what happens,” was the remark of the dealer, “I have no fear that, consumers will have to go without their accustomed Thanksgiving turkey dinner.” Receipts of chickens the past month | showed & decided Increase, prices | showing a corresponding decrease, Re- | ceipts of chickens, according to deal- - ers, continued heavy enough to enable | Lotia . 924 921, Y2 | dealers to meet increased demands and | ou! s&A\axh 5‘4:. 3 have some to spare. g Man Ry 1st 4s 90 While it is true that chickens are Market St 7s 40 perishable, said a dealer, it is equal ML true that' losses are negligible. ~Live JEnin E B Sias 72, 104 3 Pitts Coal 65 49 14 Boor & Co 65 39 103 i otomac 4”53 g "5 047a 5Rel Manage 55 2 Roch Cent P 55 A 93 28t L G & Coke 65 '47 82 1Schulte R Est 65 '35x 80 6Scripps E W 515 43 917 38ha W & P 4125°A 87 00 10 Southe P&L 65 A’ 2025 1013, 43 Shell Un O’ Co 55 '49 10015 5 Sou Cal Ed 55 . 983 10 Son Cal Ed 55 '52. 0 9812 1 Southw G&E 55 A ‘47 9213 4 Southw P&L 65 A 2022 102'a 2Stand Invest 5125 '39 100 3Stand P & L 6s '57.. 96% 1Sun Oil 555 * 2 Texas Gas 5s 48, 3 Trans Lux 6Vgs ‘32 ww 100 len’ & Go"gtls 36 ‘E?:; s L 51/2% B& O SW 55 50. Boston & Maine b Bklyn Manhat 6s | Can Nat 4145 57 Can Nat 4 Can Nor 6 14 The Commercial National Companv Incorpor Pald up Cash C: 11 Am Comw P 3 1 Am Co optl war Cyanamid B. 6 Awer Equities 1Amer Dept Stores 11Am Gas & FI 28 Amer Investors B 12 Am nvest war . 1Amer Inv B_cash ,1Amer Lt & Trac s Amer Mfg 2 Amer_Nat Gus. . 1Am Salamandra 1 Amer_Sol & Chem In Nearby Virginia Prudential Insurance Co. Loans > in the cost of 4 n & Co 65 44 Am Iny 55 A 48 R 3a % G A3 89 ZILE Commonwealth Investment Co. 917 15th Bt. N.W. Phene Natienal 2623 2 Potrero Sugar 27 Prince & Whitely pfd 13 Prince & Whitely.... dential Inv DD “anmamor S Bur s ana® 2<agagadaaaggcae:! A DEED® 2 2 Rainbow Lumin P A 12 Rainbow Lumin P B, Prod Corp le Stores Corp anagement £ 1 Reynolds Bros Inc.. 2 Rockland L&P Trust. 2 Rockiand L & P n.. 1 Rudd Mfg e 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. Sales in thousands. 18 Chilean Cons 72 A 160 841 T Bhn Bruseia 830, 80s FOREIGN BONDS. e Un Sc-¢1'Sir € 1 Schulte Un pfd 3 al Loc Hardw ! lected Indust Inc.. 2 Ind Inc Ist pd 9 6 Bulova \\unn ufe Control 2 Burco wi 15 Burma Corp ~ 1Burco war wi cRunelne FlmpnrruramcSrnwmenaNeDS Kornr-e ~a SR Min 65 er’ Cons M1 3 Hamburs E 51 d 1Burco ev pfd wi'l 6 Butler Bros 1 Cable Rad Tub vie §Cables & Wireless A 5 Cables & Wireless pfd ‘an Marconi W fa ital Admin A al Admin A ptd Cent AL StA Sor viel 14% ent Pub §A 5615 States EI'n .00 74 Cent Sta El pfd ww.. 827 | 3 80 942y 3 657 cnan Corp cvt pfd. E 3 eaffer Pen ... bt erra Pac E....... L ss' B Silica_Gel etfs D2 heaffer Pen s7d..... 66% 3 a5 520 L 9 sarco Hyd Elec iperpow 6 Jugosl & M Bk Btinnes. H 7s 68 36 ) Asbestos - E B pfd. 2 pid With warrants 100 orway 63 1943. crway 6s 1944 : Avoirdupois on Sirius Orient dev 535 58, 1011y 3 BY CLINTON COFFIN, Paris-Ly-Med 6 Ascociated Press Financial Writer. To the other curious and novel items | of financial and monetary history made L'aris-Ly-Med 7s. Peru 6s 1960, reru 6s 1961, MILEI Ry & L ta 81 Minn & StL ref 4s., | Mstp & ss M StP & SS chickens may be fed along from day o day and killed when the demand in- creases, while it is possible to put dressed stock in storage when anything The weight of a cubic inch of common earth on Sirius, the Dog Star, is ap- proximately one tc, according to latest during this year 1929 can be added one | pery 7 fact probably best appreciated by Fed- | pirelrs eral Farm Loan ,Board officials Nnow | Foland 6s 40. meeting in Washington with Paul Bes- | Poland 7s (rets), ., tor, commissiones of the system. This| Poland 8s. . ke has been a vear when the poiitically | Porto Alegre s much-pitted “dmt farmer,” speaking | Queensland 7s. in a national sense, has been able Rninelbie Un 7s. regularly to bortow money a lot chmper Khine Wst EP g8’ than has Whil &treet. It was with the | Phine Wst E P 6s object of getting agricultural short and | itio de Janerio 6% long term credits on something like a' 1io de Jan 8s 1946, basis of parity with the interest rate | Ltio Gr do Sul 6s 48, tendered the business and stock specu- | Kio Gr Do Sul 88 lating world that Congress created its | Kome Gis. lending system. Mr. Bestor's figures indicate that the ;“’ 11960 farmer borrower from the farm-] lendmg» axon ABW)A) system has had a wonderful advantage | ¢ §‘r'l:" L'“ over the stock trades in recent months. | Serp® Cr S1av 7 Though call nioney and time money | S50 Crot Slo &a for stock loans have persistently hung | ek for months ciose to 10 per cent, the | Farm Loan Bank officers feel that they | have been able to supply practically ail the morigage moncy legitimately de- | manded by farmers at 6 per cent or n‘ trifie less. Also in granting the inter- mediate credit loans authorized by law | the system has some sup- plied to farmers and farm c0~0p<’ml|\es' v ::f:j" Lol in temporary advances on farm, produce, | y et ‘u at a rate running from 5. to 6 per (. i3 s . | Port R L P'6s 47. 97y cent. These funds have all remained w7852, .. RioG West cl 45, 81 available during periods when Wall ! MISCELLANEOUS. SIL&SFplesA Street has been paying as high as 20 | Alleghany Cp 53 ‘44 12 1 SIL&SFelais.. Alleghany 65 49 wi. 14 1 StL &S Fprin bs. per cent for money, and being short rationed at that, and have nothing to|AmAgriChem 74s. 2 105 S| <C! do with the later accretions potentially | Am Chain 6s'33.... 2 974 s:i’b&A‘;‘('nS;;lE:?s turned into the agricultural field by the | Am Chem b%scv 49 1z 113 Seab AL con 6 Am Int Cor b8 49. 37 11413 SB Al Fla 6s dust-created Federal Farm Board, Nevertheless, some observers think it | Am NatGas 6% s 42, 1 90% Sohibas AmSmit& R1stos 6 el is possible that these high collateral interest rates incident to swck activity | Am T&T cv 434539 649 SoHlEAS AT i will have some effects on the Govern- | AmT & T cl tr bs... 12 Sou Pac 4355 69 ww ment's farm credit system if they per- | Am T & T s £6s.... 20 SSUEy gy sist much longer, though officials_are | Am Tel & Tel53%s., 16 A chary of discussing the prospect. Tak- | Am Water Wks 6s, . 13 Tex & Pac 58 C 19 ing & round, rough survey of the situa- | Aromur&Co43%s39. Thira A s ani, Armour Del 5%s Ulstr&Del 55'28 sta. tion, the farm loan system has, in its | Armour De 15 years of functioning, got outstand- | Associated Oil 6s. | Uny AtlGulf 5859 OrionEas Tatur ing~ $2.000,000,000 - in farm mortgage Joans, obtaining the funds largely by | Bell Tel Pa 53 B. UnERERS Aaes . Beth Steel 6348 63.. 13 Virginia Ry 1st 5s.. the sale of Government-guaranteed bonds drawing 4'z per cent interest. | Bothlenem Steel 68 10 Whash 41is 78 rcts. 2 851, Chile Copper 5s.... 6 Whbash 5128 75, 5 981y During the period of high interest Col G&El 6s May 62 6 | West Maryland 4s.. 1 7a1s the board hasn't sold any new bonds, and has been able to meet the demand | Com Invest %8 ‘43 115 Wilks BE E1st5s.. 1 6l for new loans out of the payments|Com Invest 6s'48.. made on old loans and out of the | Con Coal Md Ss.. .. surplus capital held by its 12 regional | Con Gas N Y 6348, , banks. There scems to be some doubt | Consumers Pow ba.. as to whether that supply of farm |Cuba Canecy mortgage money will continue to meet | Cuban Am Sug 8s. . the demand. and if the board has to | Dodg: g0 into the bond market, depressed &s | Donner Steel7s, ... it is by prevailing high interest, it |Duquesne 4145 67.. might be forced to pay -more for its | East Cuba Sus 143 money, and forced, as well, to transfer | . the higher charge to its farmer bor- g::d““";‘;'-‘c" 6s. rowers. But that bridge isn't going to | Go0GTIoN €% 2. be passed until it is reached, and duite | Tio0 '8 ca or5 e apparently the Government's money | 1o e P8 A% handlers are hopeful that before they | pumivic Qs Rs% have to borrow anew for farm pur- | [ B Tel ba poses, interest rates will come doWN. | 14 Steel o Intl Cement 6548 Intl Match 53 47... Int Paper 55 47 87 Inter Paper 6 89 Int Tel&Teleg 4%.. 1 9t Int Tel&Tel 4145 cv 144 188 KanCity P& L bs.. 1 100% KanG & E 65 62. 5 103 Lautaro Nitrate 6s. 10 96% Ligget&Myers bs51 100 Lorillard bs....... 9% McCormek ER 65’34 101% Q 200 Sep.30 Midvale Steel 6s. .. 9914 B'i?‘r’fi'"xfl“;: S5iG Rk by Montana Pow 6s 43 100% C\:rgtls Publish g Montana Pw deb s 9644 n . .50 Nov. Mor's&Co 18t 4%s. 86 Cotn Brodicis oct. at Dairy 6%s.... 96 % at Radiator 6%s. w0 NewEngland Tel bs 102% N Y Edison 63 44 10115 N Y Tel 6s 41 IO"% North Am Ed No Am Ed b%s w\c Nor States Pow 8. 98 Nor States Pow 68. 104% Pacific Gas & £l b8, 994 PacT& T 5552, 1011 Paramount 6s 1947, 974 Phila Cobs 67, .... 96 Phila & Read 12 Philips Petro 5% 88 Postal Tel & C 6%s 90 Siu 6% MEK&T 1st4s. -, .. MK&T prin6s A. Mo Pacific gen 4s. .. Mo Pac bs F 77, Mo Pac 55 G 78. Mo Pac b5 49 evt. NYCengen3ys... N ¥ Cen rf 5s. NY C&StL 4245 C New Haven 31gs New Haven 3155 6. like approaching a glutted condition the market is in sight. During the early Summer according to reports, the current ] ceipts of chickens ran exceptionally | Y, small, the demand for such chickens being o slow at they were sold o1 | prices much cheaper than the mmrn ones “Now, astronomical caleufntions based on the velocity at which ¥ne star is moving. season, | 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 ealculations would give him the same answer. 1004 10915 100 doly 90 100% 5 uu\r'("‘.‘"!’ 109t 100 550 p Koin of Wheat vie wi k_Wheeler Fiving Se: ss-Wright war.. niel Reeves Inc however, it is different.” said | a dealer. “The small ones are in de- | mand for broiling and command | slightly higher prices than the large | stock.” | Ducks are being received in large shipments, prices Voing what deale term cheap. while keats, not so plenti- ful, continue in demand around $1 for the young ones. There is very little demand for the old keats at any price. | Egg Market. Fgg dealers are displaying an amount | of interest in the prospects for the ap- | proaching Winter season. Prices have | steadily advanced the past few days | until 50 cents a dozen for hennery stock was quoted yesterday, prices of fresh selected and current receipts also soar- irg. H “Hens started laying earlier this year | than usual” observed a dealer, “and they naturally stopped earlier. = Ordi- narily they begin laying in large quan- | tities in October and November, but at | this time it looks very much as if the | heavy laying will not begin before De- | cember.” It was openly asserted by a dealer | that sales of storage eggs are being | made in some quarters for strictly | fresh stock, something, the dealer said. that should not be permitted. “‘And people are sent to jail every day for bootlegging liquor,” he observed, mentioning the sale of 'storage eggs for strictly fresh stock as “bootlegging.” Butter prices have shifted from time to time during the week, but the changes, it is stated, were not great enough to affect the retail market to | any material extent. | Exceptionally attractive displays of fruits in the commission house d trict continued throughout the week, | with frequent changes in prices, and | vegetable supplies also continued at-| | tractive | i Immense quantities of most com- | modities were offered the retail trace | | this morning. Retailers were out early | to get first pick of pershable NEW YORK. September 28 (Special). | varieties, many of them having . obe —The cotton market maintained a|tained supplies of other stocks very steady undertone today as a direct | Jesterday. Business was reported fair- Tesult of additional heavy rain in | {hoo womd racout the same as | Atlantic sections and reports from, the | ipihintailn . Weather Bureau that the tropical dis- | Hodny i eIy e e turbance was moving westward ucmu| 5 ¥ Butter—One-pound prints, Florida. Foreshadowing_general rains’ tub, 47a48; store packed, 30a32. in the gulf States over Sunday. V. i fresh selected, Spots were advanced 5 points. to 18.75. | current receipts, 45a46. i Cotton range: 35; Poultry, alive — Turkeys, hens, Low. Close. | toms, 33; Spring chickens, large, 30; }g g; 18511 medium, 27a28; broilers, 30; Leghorns, ey | 25826; fowls, 28; Leghorn fowls, 22a23; 18.80 ! roosters, 22; ducks, 15a20; keats, young, }Z‘Si 160a70; old, 35a40. Dressed — Turkeys, 38a40; Spring chickens, large, 38ad0; medium, 36a37; broilers, 38: Leghnms. 34a35: roosters, 26; ducks, 28a30; keats, 80a1.00. Meats — Beef, 221:a25; veal, 26a28; | lamb, 25a27; pork loins, 33a35; fresh hams, 26; fresh shoulders, 22; smoked hams, 28; smoked shoulders, 20; bacon, 28; lard, in bulk, 14; in package, 15. Live stock—Calves, 15al15'7; lambs, 12a13. It is pointed out by wholesalers that the array of fruits and vegetables from far and near contains a suggestion of the canning, pickling and preserving season. These commodities may con- tinue in market for some time, although dealers realize that an early frost will make itself felt, so far as some of the commodities are concerned. New York shippers have sent sonwe attractive peaches here the past few days, continuing the heretofore heavy supplies of the fruits from other sec- tions, early receipts coming from Georgia and being followed by similar shipments from other States Extending aling the line to New York. New York Stock and Bond Averages. SATURDAY, SEPTEMBER 28. In the same way a man with a large amount of capital is no better off than a 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 gecurity 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. NYNH&Heclts N Y State Ry 414s. NYState Ry 6158 62 NYW&B4ys, Nor Pac 4155 2047. Pork Stores,. Am Tnvest...l] 1 Dochler Die C 1 Dougias_Aircraf 14 Dow e | Eiee Bona ris Ore Short Lt 4s. . Ore Short Lcn s Ore Wash 1st 45, Penna con 4 14s. Penna zen 415 Penna 4%s 63 Penna gen §s Penna gold Pere Marg 1s Wiy Port El P L 6: 981y Port RL & P s 42, 97 Wiss 5lo8 1946, wiss Confed 8; Toho El Pow 7s... 6:,:'.Z & ; Jtd Kingm 538 37, 00 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. Inc pfd. Atsoe 1Emp Puo Seiv Al 1 Fairchila Aviation A 56 Fandango Corp A 1Fed Metals....... 1Fed Scr : 1Ferro Enamel A’ 2Fiat Stk aeb rts 19 Fiat Rets 6 Financial invest N 13 Firestone Tire . ... 4 Fokker Atrp Am ... 1 Foltis Fisher 5 Ford Mot Co Can A n 2 Ford Mot Co France 12 Ford Mot Ltd 19 Foremost, Dairy 4 Foremost Dairy pid. . 1 Food Mach | 2 Zonite MINING STOCKS. m hundreds. 2 Bwana M Kubwa 20 Ariz Globe C... N 2 Com Tun & Drain n' 5 Cons Cop_Mines 2 Cresson Con Gold. ... 3 Eng Gold M Ltd Iné. 101 Falcon Lead Min 1 First Natl Coppe 2 Golden Center M 30 Goldfid_Cons 1Hecla Min ... 5Hud Bay Min & 11ron Cap Copper 3 Mohawk~ Min . 2 Newmont Minin 8N J zinc n... 5 New Quiney .. SWARTZELL, RHEFEM & HENSEY Co. MORTGAGE BANKERS 727 15 STREET ~.w./ WASHINGTON D.C. §3% 1001 Bile 9314 731y 61, NEW YORK COTTON. 100% n Elec Ltd reg . Elec Co Ger Empire . Indus Aich Print Ink . 3Gen Real & Ut Cor 34 3 Gen Real & Ut Cor pi 119’5 32 Gen Theat Eq vic 3Gerrard ... 1Gilbert .©. s 2 Glen Alden Coal 2 Globe Underwriter: 22 Gold Seal Elec 3 Godchaux B . 734 29 Goldman Sachs .. " 111 3 Grent Lakes St p'pid 93 1Grand Rapid Var. 3 Graymur YaGr A & PTG pfd ] 1150 34 Gr A& PTCnvtc. 355 dgndin o w A, i M 10 Shattuck Denn 10 Teck Hughes . 2Uni Verde Ext. 1 Unite Goid ... 2Utah Metals § Walker Mines 10 Wendon " Cop lex ANDEPENDENT OIL STOCKS, < i 1 Carib Synd 2 Colon Ol 3 Columbia 2 ConsRovalty 7 Cosden’ Oil . 5 Creole Pete 12Gulf_oil Pall 1 Homaokla _Oil 2 Houston " Gulf G 5 Intercont Pet. 1 Leonard Oi 2Lion ‘Ol xd.1 ik ne Star G'Del n.. 1 Mount Gulf. 2 2 Mount Prod 3 Nat Fuel Gas 1 Nor Cent Tex Oil 5Pac_ Western OIl.. 2 Pantepec Ojl.. 2 Red Bank Oil." 3 Relter-Foster _ Oil, 2Ryen_Con 3 Salt Ck_Pro 5 Texon Oil & 1 Union Oil A ! 7 Sales STANDARD'OIL ISSUES AND FOR- in units. MER SUBSIDIARIES—STOCKS. 200A A O non vic COD. 14 13'4 700A A O vic COD. 15% 15% 200 Humble O & R, 17 1001 P L. 300 Imp O Gan' n 100Ind P L n.. 200 Inter Pet Lid 400 Nat Transit. 500 Ohio _ Ofl 60008 O Ind. 900S O Ky n 1508 O Ohio Sales in BONDS. thousands, 10 Abbott Dairies s '42. 982 2 Alum Co Amer 35 '52. 100 and Co i Alum Ltd 35 48..... ane Bryant.. Comwlth 68 "44. ehman_ Corp. El 55 2038, rner_Stores. s ibby McN & ily Tullp Cup. 48a49; Same Rate of Interest Paid on Large and Small Accounts Deposits Invited Lamp Printing 2 Happin C St A 11 Hartman Tob. 20 Havgart_Corp. .. 3 Helens Rubenstein 7 Hercules Motor. 3 12 Hiram Walk G & W'n 3 Hormel G Co... ; 2 Horn & Hard 1 Huylers Strs of ‘el 36 Hydro Elec Sec. ¢ 7 Hygrade Food Prod.. 1Indust Finance ct{ 3 Indust Finauce pfd 3 Insull 4l .. 4 Insur Co N A 2 Insur Secur. 8 Insur Shares Al 1Intl Perfume Otobetisaie Open. Hish, 5 Hall December January March It seems to be the best guess of railroad observers in Washington that the coming session of Congress is going to have far too much to do tariff and tax wise to set out new legislation on railroad consolidation or any other transportation measure, “It does not seem to us that there 1= one chance in five that Congress will pass any of the measures facilitating | railroad consolidation,” J. D. Shatford. | chairman of the board of the Railroad Owners' Association, commented in the light of his information. “If anything is done on that problem this Winter it will have to be accomplished by the Interstate Commerce Commission under present law. We think the bills sug- gested would be very helpful, in that they would allow the commission to consider projects actually presented for rail consolidations without perfecting a national plan affecting all railroads; would enable just treatment of minor- jties. and would empower inclusion of weak lines with strong ones as essential to carrying out mergers. But I don't see that Congress is likely to have suf- ficlent pressure from public opinion to induce its act.” Congress, it appears, only takes up rail legislation when carriers are dis- tressedefinancially or facing emergency | Pressed Sti Car 6s. in labor matters. And the run of rail- | RemingtonAr 6s 32 95 Yoad earnings now being made public 'Rem Rnd 5%s war. 95 shows a very considerable degree of ad- | gincjatr O11 9814 vancing prosperity for carriers gen-|ginciziion g3s 99y erally, while transport has not been in=! ginclair Of1 7 101 terrupted in a serious sense by 1abor of | Sinelair Cruds 5348 9% other difficulties for seven years. Sin Pipe Line 8.5 lm Just a8 Americans pleally buy aute | So'or Rieo Sug Te. 104t fous | biles on the monthly payms b3 o Javanese matives are now mortgaging nc o 48 1004 BUILDING ACTIVITY GAINS. 'hdh";?m& mm‘stw b;cyg:s 'l;gg fenn Elec Pow :;.v s By the Assoclated Press. Cranscon! 1] - e e TERLE Tl (il a0 N WAt e ey Indies ureau reports for territory east of commissioner for the Dutch East 99% the Rocky Mountains, though: _the new operations set on foot failed to Rub T%s, o says that it s stimulating markets J S Bub T3S H 2 equal in value those of the same period el last year. The figures which follow for machines markedly. | Ctah Pow & Lt & Considering the Jsv.meksj l‘lflmh" Utilitles Powr 6%s 89 utilities wer, @ commilment on & bicycle TeD- \ylworth 68 45 [ Pesents about what (he time payment \alworth 61 35 101 ive She bl ot I TIng Bon da e ] taad :. purchase of an azuto does for an iAml"& War Quinland 6s ‘39 95 pn“‘blee npl'eerl Md:'r week and com: c“m“. icen worker. The report estimated \arne 7839, 60% v ) cam wo o VRENICSIELTY 1015 Week ending September 21, $21,743,- 000: preceding week, $17,617,000; same week last year, $32,050,000, DIVIDEN DS Pe- Pay- Stock of Tiod. Rate. able. muml Q %75 Oct. 25 Oct. B!Al lPeIeflnnne Co’ Chi American Tce. .. Bancrott, Joseph & Sons Co pi. 'Where the Money Goes —remains a mystery to all who lack habits of 1 & oan 1345 thrift. Emerge from that class, without delay, if you would know peace of mind and ultimate financial freedom. QPayday brings you an excellent chance to join our constantly growing family of depositors. Come in for a Pass Book, at your convenience. 1Intern Util A 12 Intl Superpow: 2 Intern Util B.. 16 Interstate Eq. 11 Interstate Eq ¢’ pfd. 4 Interstate Eq ctfs. 11rving Air Chute 9 Isotta_ Frasc 6Ital Superpow A 11tal Superp deb Tt sarnBaawums St | Crocker Wheeiet { Indiana Pipe Line Co. Do Lakey " Foiindry & Machine. Co...* . Do stock.. Lever Bros In Nat'l Club Ho- teis _Inc pf. N!Y Investors Do 2d 'pf. Plymouth Cord! age Co.. Do_special.. Pittsburgh Steel Foundrs. D! Colster-Brandes . “Alr Liquide ake Found & M o e i) a1ty Open Until 5:30 P.M. Sept. 30th, Oct. 1st & 2nd for Payday Depositors’ Convenience an Ny Sloe—rsalmBormatonrrei- FeeRedn Roll_Mill Sol 6125 '36 w¥ 1 Avpal EI Pow 5 3 OFFICER! WILLIAM D. HOGVER, President. WOODBURY BLAIR, Ist V. i FRANK W. STONE, 2nd V. Pre FRANK STETSON, Trust Officer. CHAS. C. LAMBORN, Treasurer E. PERCIVAL WILSON, Secretary FRANK R. ULLMER, Asst. Treas. BRU r‘;: nukg Asst. Tr. Officer. EVERT ‘Adsr. Fres ARDOE, Asst. Treas. L FANT Asit. Sec 0 P EAVAGE, Audiior lfirr10l5 1 MNCMRH’S‘BlDr!s . Ma ores. . $50. 'l!l Ut 51.s '44 2 1 Mavis Bottlim Pie et P 8 L 2 Mayflower_Assn. ss0 Tel Ut s7d.... lll 17 Memphis Natl Ga & P 23 Oil 6s 3¢ . 2 Meirritt Chap & S 8 Mesabi Tron.. 2 Meiro Chaln §irs IMetal & Mino- A 33 Gone Slat B Blas e 2 2 Meta! in .. at a8 2 IMesl & Textiis 'bid uv e R 43 140 108 2 Midl il Prod . 18 2 Mid West ULII 8 eyt 1Mid W U Pr L xd rts 1241 2Mid W U e ptd n-p 1014 U pfd 16 1Miller (T) & Zo0 00 o0 U “nnooo EORS G- 1.00 No STOCKS. millation: 1 9 day . Fremous s i¥ie HARLEY PP wiLSON National Savings & Trust Co. Oldest Savings Institution in the District of Columbia | 63d Capital and Surplus, $3,500,000 Year Cor. 15th and New York Ave. 61 1 El Thium 6 41 ommor ontl G & l‘%l % as’z udahy 55 '46. . 9812 10545 D 83 . 106 % o1 5 t City G 85 A "47.. Det_Intl 6'25 '52 2 Municipal Serv... EI Puso N G e 4 3 Nat Am Co..... Empire O&R 5145 4 19 Nat ~ Aviation’ . 3 Fed Waier 8 .’)usvad o 1 Natl Container 1 Firestone T&R g5 '42. 92 AN oo Prod B s s IR P Lol By 1ad. 83 at Food Pro i 3 9 Nat Investors n 13 Gatinesu Pow 6§ ‘411 98t € Nat Mfg & Stor The 1Nat Pub Ser A:.. 1Nat Rub Mach." o bieyele prices in Java at $50 on time, \est Elec 5s...... 02 and average Javanese annual wages at Westn Unifon 5861, 101 100% $240. Westn Unlon 6245.. 1 108% 108% 108% 12 Georzia Pow 17 Ground Gr &h ll 'fl 105‘ 94%4 s 103%s