Evening Star Newspaper, October 14, 1929, Page 15

FIN RECOVERY N BOND | MARKET CONTINUES All Sections of List Reflect] ~Stronger Tone in Price Advances. Bpecial Dispatch to the Star. NEW YORK, market continued its advance today, and, although trading was light com- pared with that of Friday, the progress ‘was steady in all parts of the list, with the junior rails and foreign loans mak- ing the best gains. he renewal of interest in the grade of investment bond yielding above 515 per cent was evidenced by the buying of such issues as National Dairy Prod- uets 5Ys, Goodyear 5s, Chile Copper 5s, Brooklyn-Manhattan Transit 6s, Hud- son & Manhattan funding and income issues, Sinclair 6s, Fisk Rubber 8s, Generol Motor acceptance 6s, Otis Steel 6s and Transcontinental Ofl 613s. Junior rails to show improvement in- cluded St. Paul adjustment 5s, Denver & Rio Grande Western 5s of the 1955 maturity, which were up 2 points, and the Seaboard issues. The Seaboard 6s | were up a point and the adjustments ! fractionally higher with the announce- | ment of Teorganization and refinancing | buyin affected the | ‘65 of the Seaboard All-Florida | Railroad, which were up 2 points. Price advances in the prime rails and public utilities were as impressive, al- though somewhat smaller. Baltimore & Ohio 4s, New York Central 5s and issues of the Southern Pacific, St. Louis & San Prancisco, Unlon Pacific .and Northern Pacific were all higher. Ob- ligations of Standard Oil of New Jer- sey, Philadelphia Co. and Columbia Gas | followed the general trend. Bonds with | stock-conversion features were active, and most of them showed decided price improvements early in the day. The feature of the convertibles was the tre- mendous trading in Texas Corporation 5 per cents, $100,000,000 of which were offered to the public at 9815 last week. At one time today the when-issued bonds were at & 2)5-point premium. Foreign descriptions took a more ac- tive part in the advance today than has before been the case in the current movement. South America, French and Central European issues were higher, but the most notable advance in this section was that of German Central Bank 6s, which mature in October, 1960. After closing at 787 on Friday, these bonds were & point higher at the open- ing and later added to the gain. At 80 they were 4% polnts above their low ©f the year, Teached 10 days ago. Drought Affects Factories. BALTIMORE, October 14 (Special). ~—The drought of the past Summer caused waterpower plants in Maryland to operate at only 12 peromtot.“wj ity. the total production being 26 kilowatt hours, compared with 10 000 k.wh. during August, 192 179,000,000 k.w.h, in May of this year, All the deficiency in supply demand was met by steam_ plants. STEEL OUTPUT INCREASES. NEW YORK, October 14 ("L-—M-I ports from the Youngstown steel dis- trict today stated that production was showing & moderate improvement over a' week ago, with the Carnegie Steel Co. open! n lo pe;nunt of rated capacity, eet and Tube and ngblu: su:el at 75 per cent and the Sharon Steel Hoop at 85 per cent. Washington Stock Exchange SALES. : Chestnut Farms Dairy .6':5—$1,000 at 106%. Potomac Electric Cons. 55—!1000 at $1,900 at 1002, $1,000 at 1014, 81, at 10115, Washington Gas 6s B—8$600 at 10215, $300 at 10215, $600 at 102'%. Washington Rwy. & Electric 45—$1,000 at 803, Capital Traction Co.—-25 at 85, 20 at 85, 10 at 85, 10 at 85, 10 at 85, Potomac Electric 5% % pfd.—3 at 106. Mergenthaler Linot at 1037, 10 at 102%, 10 at 103%, 10 at 103!3, 10 at 103%, 5 ai 103'5, 10 at 103%, 10 at 103%, 10 at 1039, 10 at 1037, 10 at 104, 12 at 104, 28 at 104, 10 at 104. AFTER CALL. ‘Washington Gas 5s—$1,000 at 97/, October 14.—The bond | A NCIAL THE E [sev o BONDS s ] Received by Private Wihe Direct to The Star Office UNITED STATES. (Sales are In 11.000.) Bales. High. Low. 26 4712 % Libist4%s 60 9819 982! Lib4th 4% s 148 9820 9827 US4s1944 3 10312 10312 10312 US4%s52c 29 10710 10629 10710 FOREIGN. Sales. High. Low. 0% B9l 2:88. 9716 2:55. Argentine bs. .. 891y Argentine §sJu 59 984 Belgium 7%s. Belglum Bolivia 7s et Bolivia 8s. Bordeaux 6s. Brazil 6% s 1926. Brazil 6% s 1927, Canada 5s 1952 Canada 5= 1931 Chile 6360 [ Chile 65 61 Chile 7s 1943. Chinese Gov Ry bs. Colombia 65 Jan "61 Con Pow Japan 7 Topenhagen 5s ct. . ® o P Denmark 6: DEI 5%s M Dutch East | Fiat 7s x war Finland 5%sx. Finland = £ 65 "45 e ne R nlannanSnoa SRoad French 7s..... French 1%s. German Bank 6s '3 German El P 6% 7 1134 28 9114 105% Japanese 61 Kreuger&Toll b et 601 Lyoas 6s. 7 1024 100% Norway 53 Norway 65 1943, Norway 65 1944. Norway §3%= 195 Orient dev 6% s 5! Paris-Ly-Med 6s. Paris-Ly-Med 7s. e o maurenn Y NareSBRwe L Rhine Wst EP Phine Wst E P 63 ¢: RhineWst EP 7s 50 Rlo de Janerio 6 %8s R{0 de Jan 85 1946. Rloflrdosul 6n 483, Rio Gr Do Sul §; nebn Rome 6%s... Sao Paulo 1950 Saxon (PW) 7 Seine 73 42. Serbs Cr Sla. Serbs Crot Slo Shinyet: % 100% 9414 Sotssons Toklo 5348 1961, U1 Kingm 5%n 37, Alleghany 6s 49 .wi. Am Chain 6s'33.... 8 Am Chem 6%scv 49 41 1174 Am IntCor 6%s 49. :6 114 Am Smlt & RIst 68 7 lox Am Sugar Re Am T&Tevals nuss . High. Low. 2:85. 17 7l "~ 9% v YBY 8% 9% 101% Punta Alegre 7 Rem Rnd o%s war. Sinclair Of) 6s Sinclair Ol 6% Sinclair Q11 7s Sinclair Crud, Sin Pipe Line & South Bell Tel Southwest Bell 51 Skelly Oil 6% 3tund OlI N J 4 Stand OIIN Y 4% Tenn Elec Pow Transcontl Oll 648 Utllities Powr 5348 United Drug bs b3. U S Rub Istrf bs. US Rubi4s U SSteel s f bs Utah Pow & Lt b Vertientes Sug ¢ Walworth 618 35. War Quiniand 6s ‘39 = West Westn Union Westn Union 6% White Eagle O 5% White Sew Mach Wickw Spen 1st Wick-Spen cv 78 Wilson & Co 1st 68 Willys-Ov 6%833., 2 Win RepeatAr 1%s. 7 Youngstn S & T 6s. 20 RAILROAD Atchison adj 4s. 3 86 Alchison gen 4s. 7 Atchdeb 413543, .. AUl & Dan 18t 45 43. Atlantic C L 48 100% 81 96% 7% 92% 90 994 Yl 891y 1095 B &0 Toledo Boston & Malne 6 Brooklyn Klev 6 Bklyn Mank Buff R & Pl Can Nat 4% 30. Can Nat 438 67, an Nat4%s 68, Can Nor 7s. Can Pac deb 4 Can Pac 445 46. Can Pac 58 '44 re Car Clin&Ohio 68 52 Cent of Ga 5sC 59 Central of Ga 5% Cent Pac 4s. Cent Pac 1 Ches & O Corpn ba. Ches & O cv 4% Ches & O gen 4% Chi & Alton Chi & Alt 33%s ctfs, Chi B&Q gen 45 53. CB&Q4%s77B.. C B & Q1st rf b CB&QI3Y i | ChigE 111 gn o8 51.. ChiGt West 48 69.. 8 Chi M&StP4%s E. . 25 Chi MiISP&Pacss6 14 CMSP& Pac adj5s03 106 ChiN W 4%s 2037, Len & Rio G en D Rio G West b Fla EastCos 14 Gr Trunk st db GreenB & W Huutn-nul Hud&Man r 11 Cent 4% s C: Int Rapid Trans bs. Int Kap Tr 58 stpd. lat Rapid Trans Int & G Nor 1st Int & G Nor adj 68 & lowa Cent rf 43 IntRysC A 6541 IntRYSCA 6%srct Kansas City S bs. .. iKan City Term 4s. . Lake Shore 4s 31 Lehi Val cn 4, g LehiVgen 4% 2003 Louts & Nash 5%s.. Man Ry 15t 48 90 Mill Kl Ry&Lt 4 o mrwiie- | ume of building and engineering con- STAR, WASHINGTO: CHICAGO LIVE STOCK MARKET CHICAGO, October 14 () (United States Department of Agriculture).— Hogs—Receipts, 38,000 head, including 13,000 direct; market mostly steady with Priday; top 10.20; 220-250 pounds weight; bulk deslnhh 170-280 poundl. 10.00 to 10.15. Butchers, medium to choice, 250-300 pounds, 9.25 to 10.20; 200-250 pounds, 9.50 to 10.20; 160-200 pounds, 9.60 to 10.15; 130-160 unfllu 9.25 to 10.10. Packing sows, 9.25. Pigs, medium to choice, W 180 pounds, 9.00 to 10.00. Cattle—Receipts, 23,000 head. Calves —Receipts, 3,000 head; all killing classes, exce?unx plain wzl(hty steers, higher, mostly 25 up; very active trade on all grades light yearlings and butcher heifers; best fed yearlings, 16.40; me- dium-weight steers, 16.00; mixed year- lings, 15.75; slaughter classes, steers, good and choice, 13.00; 1,500 pounds, 12.50a16.25; 1,100-1,300 pounds, 13.00a 16.50; 950-1,100 pounds, 13.00a16.50; common and medium, 850 pounds up. 8.50213.00; choice, 8.50 common and medium. 8.00a13.25; cow: good and choice, 8.25a10.50; common and medium, 6.50a8.25; low cutter and cutter, 5.25a6.50; bulls, good and choice (beef), 8.65210.00; cutter to medium, 7.0088.75; vealers (milk fed), good and cholce, 12.50a15.00; medium, 11.50a 12.50; cull and common, 7.00a11.50; stocker and feeder steers, good and choice, all weights, 10.25a1L75; com- mon and medium, 8.00a10.00. Sheep—Receipts, 28,000 head; natives fairly active: weak to 25 lower; bulk, 13.00 to 13.25; early top, 13.50; rangers unsold; fat ewes steady, 4.50 feeders steady, 12.00 to 12.75: lambs, good and choice, 92 pounds down, 12.75 to 13.60; medium, 11.25 to 12.75; cull and common, 7.50 to 11.25: ewes, medi- um to cholce, 150 pounds down, 4.00 to 5.50: culls and common. 2.25 to 4.00; ffed" lambs, good and choice, 12.00 to 13.25. BUILDING cokmAc'rs‘ NEW YORK, October 14—The vol- tracts awarded in the 37 States east of the Rocky Mountains during September amounted to $445402,300, F. W. Dodge Corporation reported today. This fig- ure represents a loss of 9 per cent from the preceding month’s total and 24 per cent from the total of the correspond- ing month last year. Contracts award- ed during the first nine months to- taled $4,602,267,000, compared with $5.~ 126,944,100 during the same period in 2:58. 7% 9% 96 81% . High. Low. 6% 91% 95% West Shore 43 | 18. 62 7% | Wilks B& E 18t 5 Wis Cent gn 45 49 Copy gf o 1510 H Street New York Philadelphia JOHN JOY EDSON, Organized 187 .$5,675,899.10 President 9 Assets ... Complete Investment and Brokerage Service “Fortnightly Review” furmished om request G. M.-P. MURPHY & Co. Members New York Stock Exchange WASHINGTON Telephone National 9600 Private Wires ‘and Telephones to New York Equitable Co-operative Bldg. Ass'n WALTER 8. PRATT, Jr. Secretary Surplus & Profits.... Subscription for the 97th Issue of Stock Being Received HE Equitable’s plan of sys- D. C., MONDAY, OCTOBER 14, 1929. Commodity Notes Lumber, NEW ORLEANS, October 14.—New Southern in the last week 694, Production was held to 5,078,000 feet and shipments were umm Un- filled orders total 164,609,000 fe Automobile Accessories. ‘WOOSTER, Ohilo.—Extensive im- provements and expansion plans are under way by the Timken Roller- Bearing Co. in its Wooster plant. Over $400,000 will be spent by the concern in this connection, according to John G. Schultz, secretary of the local board of trade, etals. Non-Ferrous M BAN FRANCISCO.—Increased inter- est is being shown by California mining interests in mercury, demand for which is exceeding supply. Quicksilver is now used in a vaporized state in connection with steam power and it is‘said that the new processes of clarifying ofls utilize mercurial steam. Wheat. ENID, Okla—Wheat acreage in this State will be about 4,500,000 acres of nearly normal. preliminary figures in- dicate. Recent moisture has given farmers in Northern Oklahoma an ex- cellent seed bed to start the new crop. Planting is now under way in this area. MARYLAND TOBACCO SALES. BALTIMORE, October 14 (Special). —While receipts and sales of Mary- land leaf tobacco contnue to decline, market is fairly active on the better grades and prices are holding firm. Receipts last week totaled 538 hogs- heads, while sales amounted to_ 503 hogsheads, leaving a stock in State tobacco warehouses of 10,421 hnrham Quotations for Maryland leaf per 100 pounds: Inferior, 7.00a12.00; sound common and greenish, 13.00820.00; good, common, 21.00230.00; medium, 31.00240.00; g« to fine red, 41.00a 51.50; fancy, 51.50a52.00; seconds, com- mon to good common, 7.00a20.00; me- dium, 21.00235.00; seconds, good to fine, 36.00a48.50; upper country, nominal; ground leaves, nominal. METAL MARKET. NEW YORK, October 14 (#).—Cop- per, :teady; electrolytic, spot and future, | Iron, steady; No. 2 f.ob. Eastern | Pennsylvania, 20.50a21.50; Buffalo, 17.50 a18.50; Alabama, 13.00a14.50. Tin, easy spot, 42.37; future, 43.00. Lead, steady spot, New York, 6.90; East St. Louls, 6.70. Zinc, steady; East St. Louls, spot and future, 6.80. Antimony, 8.37. Quick- silver, 124.00. Connecticut at K Richmond London 49th YEAR COMPLETED ..$1,695,894,08 SAVE AS YOU EARN tematic savings encourages burley, | FINANCIAL Real Estate Investments JAMES Y. PENNEBAKER Nat.5291 1520K St. N.W. It Will Be Hard to Find —a plan of financing your home su- perior to the plan the Metropolitan Life Insurance Company offers you. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Low Rates ' Long Term No Renewal Charges NO COMMISSION CHARGES WEERERS 809 15th St. N.W. District 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company e 900 F Street 620 17th Street Organized in 1814 OLDEST NATIONAL BANK In the District of Columbia Whatever the Size of Your PaydaySavings —they're entitled to maximum protection. And that's what they’ll have while in the custody of such a bank as this. g The Metropolitan has been giving 100% Security and Service for well over a century. One Dollar or more will open a Savings Account Open Until 5:30 P.M. Oct. 15th National Metropolitan Ban Capital, Surplus & Undivided Profits Over $2,300,000 15th Street, Opposite U. S. Treasury Stock Rights thrift in a manner that if con- sistently followed will even- tually lead to financial inde- pendence. Start now while you have a steady income. Come in and let us explain about our systematic plan. 915 F St. N.W. Washington Gas 6s B—$600 at 10274 Mergenthaler Linotvpe—30 at 104, 10'at Washinglon Gas 6s A—$100 at 10015, Bid and Asked Prices. BONDS. PUBLIC UTILITY. MStP&SSM5s38gt M StP & SSM 545, . M StP & S5M 63 MK &T adj bs. MK&Tprinbs A, Mo Pacific gen 4s. Mo Pac 65 A 65 AmT&Teltrbs.. 12 102 AmT&Tsfbs..., 25 101k Am Tel & Tel 5%, Am Water Wks 5s. Aromur&Co4 14539, Armour Del 5% s Associated Ofl 6s. . At Guif 55 89, Atlantic Refin Bell Tel Pa 65 B, Reth Steel rf 68.... Beth Steel 5%s863.. Rethlehm Stl pm 63 Bethlehem Steel 63 Bklyn Edison 5s. Bush Term Bldg 63 Certain-Td b5 rcts Chila Copper 5 Colon Oll 6s 38 Col G&EI b5 May 53 S e 3ROSR Com Invest 63 '43.. BuRERADS —vae Offered to N_e RS uarn Lok oGO S RN Tk a R~ St SO Mo Pac5%s 49 evt. Mob & O 434577, 13 1041 22 99% 25 104% 11 108 399k Cities Service Stockholders Cities Service Company has offered to its Com- mon stockholders (those who are shown on record as of November 7, 1929) the right to purchase additional stock at $45 a share on the basis of one share of Common stock for every ten shares owned. These Rights must be exercised before the close of business No- vember 30, 1929. You share in this privilege whether you pur- chase stock for cash or on the Doherty Partial Payment plan. & Pot. ;ncuon o‘mm Suburba: Georgetown Gas Potomac Blec. N Y Cé StL deb 4a. NYC&SILb%sA. National Savings & Trust Co. 63d Oldest Savings Institution in the District of Columbia Year Cor. 15th and New York Ave. Persistent Growth € Our family of depositors now exceeds 50,400, and increases daily. That's gratifying to us—good news for prospective Payday depositors wanting a time-tried custodian for their money. NYNH®&H 4856, NY NH&H db 45 57. NYNH&H % NY NH&H cv du NYNH&Helt s 6. eries B, Wash: Ry % Hetar MISCELLANEOUS. Barber & Ross. Inc. 8135 3 arims Datrs 81530 ghegy Cnase' Cluo $ian.c T Mic. 6s Boi” sl w K. . Cold Storage 5s. Wash. Gons. Titie o5, STOCKS T8 102% 93% 70 104% 101% Cuba Cane 85 Cuban Am Sug § Den Gas §s.. NYW&B4Y% Norfolk & W en Nor Fac 4s. . Nor Pac ¢%8 2047 ., ::DIP 5 Sen Cable 5%8 47, . Gen Mot Ac Cor 6s. Goodrich Gaodyear 6a rets. Hoe &.Co 6% Humble Ofl 5s. Humble O & nsu 111 Bell Tel 53. [l Steel 4158 40. ... Ind Steel 65, : Inland Stl 4148 7 Intl Cement 5548 intl Mateh 6s47. Int Mer Mar 6s Int Paper 6s 47 Inter Paper 6; Int Tel&Teleg 4%. . Int Tel&Tel 438 cv 279 1991 KanG & E 6s 62, 3 103% Lackawa Stl § Laclede G 6% 6. Liggelt & Myers 7s Loew's Inc 6 L.oew's 65 w o war Lorliliard 51%s Ore Short L rt Penna con 4% s Penna xen 4 i Penna 4% s 63 Penna by | Penna gen Penna 6% 9 The service and security that so many people find NATIONAL BANK. - : satisfactory can not fall short of your requirements. Natfonal Clpflfl 100' imbia % 102 97% 1043 91% 97 2B 0814 92 90'% uiv 197 5 103% % ’ere Marq Ist bs. .. Philippine RR 45 Port K1 P L §s..... Reading sen 4145 A RioG W 1st 4 RIAMK& L4%s StL IM&S gn 6531, Same Rate of Interest Paid on Large and Small Accounts Deposits Invited in Any Amount Open Until 5:30 P.M. Oct. 15th & 16th nd s oo 218 Netlonas ‘Bank ot Washington. 303 IRUST COMPANY. American Becurity & Trust Co. 460 SIL&SFpl4sA.. SIL&SFa%sTs., StLSW 1st SLL S W eon + SLL S W bs b2, SUP & KCShL OFFICERS: WILLIAM D. HOOVER, Pr WOODBURY BLAIR, Ist V. FRANK W. STONE, FRANK STETSON, Tru CHAS. C. LAMBORN, Treasure: E. PERCIVAL WILSON, Seeretu FRANK R. ULLMER, Asst, Treas: BRUCE BAIRD, Asst, !r. om BORNET. Asst. W GALVERT. “Aml. s PARDOE. 0 KPER S FANT. Am. Secx M. BOTELER. See: AVBRER AP BAVAGE: " Suditor: . Washinston Loan ‘& Trusi | SAVINGS BANK. Bank of 5:";:-6,- Commerce vings East Washing ELLI! H. PRESC( W’“fii‘ nl'.l“l‘ nuu! Lou Gas & E1 6 53, . McCormck ER 65'34 Manatl Sugar 1%s, Steel bs. Montana Pow b8 43 Seab Al con 6. SBAll Flaés 35 SB All ¥la 68 35 Sou Pac clt 4 8 For further information regarding these bl RILLIAM B. WiLLARD . Rights, communicate with our local office. © gglumble Tile. . ...ov.o. > %:l! & l V ‘of Md. ‘Wash. Cons. Title v'd 5 10 104 1 103, 41 102 b 112 6 90y 13 1034 4 98 Capital & Surplus, Over 50,400 Tex Ark FS 5%s 50 Depositors Tex Corp cv 58 1944 ru & Pac b8 B 1971 as & Pacific 1st. x & Pac 68 C 7 Third Ave ref 4s 60. 12 105% 1 109% 101 100% 5 99% L 104% 24 1004 l'-umnuml-llfl 32 49 8 101% 45 97 Fedéral | M‘A- L 'nl-nnnun ot BRANCHES IN 1004 Union Pae Union P; Union Virginta Ry Whbhash 55 716 B % Wabash 15t ba 95 98 -101%% 101% 97 9% nz 112 Southern Building Por Rie Am 2 r.-m‘ra.cuu l‘ .lh EILY