Evening Star Newspaper, October 16, 1929, Page 13

REAL ESTATE BOND - STUATION PROBED their individual units with securities which formerly the, latter may bought from half a dosen small ’ Investment Bankers Also Dis- : cuss Foreign, Government and Farm Loans. BY CHARLES F. SPEARE. .oe!-l nuuuh to The Star. UEBEC, October 16—There was mh meat_in_the program of the tment Bankers’ Association at efr first session to satisfy the hunger o! the delegates for information about the recent developments in prominent Eroups of securities. Those covered in the reports were foreign, Government afd farm loan, industrial and invest- mt trust and trading corporation 'nm reports all coincided with a little better mmm in these various types m first drafts were prepared. is particularly true of the Euro- and South and Central American ds, which have recovered from 3 to 5 points since the low average Wwas reached on October 4. In spite of the fact that they had been steadily falling for_months, the present supply is said to be small. One large dealer in them today said that an order of $1,000,000 Wmum\m and provincial bonds send prices up sharply. Real Estate Bonds. has benefited Govern- delkrl have quietly Tolded their ‘tents the past year and faded out of the plcmre o::-:d‘x’; have l:ne to selling d ‘ u.bl.le back to getting the general Inwhoudn.mcu.yonhuunnntbe forced. It can be helped, however, by & greater spirit of co-operation between bond sellers and their customers, whuh means that certain practices common to almost all of the and little under- writers must be or abandoned. ‘There is hope for improvement in this situation in the fact that-the conven- tion will on Friday elect for its presi- dek:)t )"rmw idge Callaway of New dm-k. the past. Mr. Calla- responsible for the e Seattle convention which eradicated the traditional “books closed, issue O " line, which topped every advertisement of an offer- ing, whether it was sold or not. Other equally childish forms of bond selling strategy will have to be given up,\fm‘ the resent generation of security bu! ows a good trade from & poor t‘ma from close study of market trends and a dally familiarity with market prices. TIN SMELTER SOLD. NEW YORK, October 16.—Stockhald- Cheaper money ment bonds and notes and likewise farm | Williams bonds, while several of the better grade of industrials and some of the Tecently sick ones have been improved on the strength of the stock market :?d the betterment of special trade con- tions. ‘The most, ”m’i:. situation just now York and New J and New Eng- the mmt. Northwest ‘The defaults Jun -n- vestment The topics on which informal discus- slon has centered. are the shift from i i smelter in the world. T Ten thousand trees s day hnve been planted by farmers ln the irie belt of Western Cani THE EVENING STAR, WASHINGTON, D. OIL STOCKS ATTRACT LARGER FOLLOWING o | Action of Group in Recent Break ,» Results in Better Buying. BY GEORGE T. HUGHES. NEW YORK, October 16.—No more interesting shift in sentiment has been seen in Wall Street in a long time than the new attitude toward the oil stocks. Practically all the time the rest of the list was being bid up to extuvlnnl heights, capitalizing earnings at un- heard-of flbe!. the olls were the or~ phans of ‘the stock family. ‘Week by week the production sta- tistics announced b{ the trade showed increases, and all the talk was of the excess in, supply. This situation has d only recently. Ol stocks are ing to attract & lollowlnz, ‘of thm such as Btanua og”ol Alog, “They are stil sellin o . The - Eve&g guch undex" the level of the rest of marke ‘The trade u more cheerful also. The report, for the week ending October 12 showed a drop of 52057 barrels in the daily average production of crude in the United States. More unexpected was the hardening in the market for bulk gasoline. This is the season in which consumption normally falls off and in which pnces are usually shaded. Contrary to the md in other years, howgver. the mar- ket 1o nlolhu is firmer than it was and reports of an advance meo\u'umlq frey umnly because of over-production has l cuts in. prices of erude now sute and that has weighed heavily with the in-and-out traders. Finally, income tatements have been almost uniformly ARSI TR New Executlve Desks UR first carload !’ Executive Desks met such approvel and quick lupud 0x34 Comb. Walnut or Comb. Mahogany Flat-top Desk..$47.00 §2x32 Comb, Walnut Mahogany Flat-top Duk $59.28 42x32 Comb. Walnut or Comb. Mahogany Flat-top Desk..$37.00 60x34 Comb. Walnut or Comb. Mahogany Table Desk. ....$37.50 or Comb. " ‘0 - Grace of line and work- ing convenience distinguish these handsome desks. o every office reqd»feh:edi—, ‘desks of the very highest quality. 60x34 Comb. Walnut or Comb. Mal Typewriter THE W. D. CAMPBELL CO. Business' Furniture and Equipment Decorators of Office Interiors. 1018 15th Street Phone Met. 5560 1506 L St. HHHI $1,000 INVESTED 'Cities Service Common Stock On January 1, On January 1, 1929— Would NOW amount to over $2,760 1924— Would NOW amount to over $13, 480~ On January 1, 1911— Would NOW amount to over $69,260 These amounts include stock dividends pad ... This increase in value reflects t}ng rapid growth of Cities Service Company, now among the ten lardest industrial ordlnizations in the country. Southern. Building b?t’do not include caslr . Mail the Coupon to HENRY L. DOHERTY & CO., Southern Bldg., Washington, D. C. Please send me full information about Cities Service Common stock. Washington, D. C. dividends. favorable. MMW— that the ol e e e xnnmuywmmorlmm Bituminous Coal Output. NEW YORK, October 16 (F)—The total quantity of bituminous in the umv.g.sum am-m. m e ook ’x’a September 28, was 11,453,000 and for the week ending omber S. 11, 107,000 net tons. New Cnmplny Pomed. NEW October @®—A charter hu been filed with uu Secre- tary of State at Dover, Del, for the Appalachian Gas ration; with l capital of 10,000,000 common shares an 200,000 preferred Property Owners Is Your Property Rented? ‘The apartments, houses and rm\m of this record and would ke to represent you. Call Property Management Dept. Wm. S. Phillips and Co. Realtors. 1501 K St. NW. Natl 4600 MARYLAND EMPLOYMENT FIGURES SHOW GAINS Special Dispatch to The Star. BALTIMORE, October 16.—Employ- ment in Maryland increased by 1.3 per cent from August to September, ac- wrdlnm & report just issued by Dr. J. Knox ey, commissioner of labor and tistics. hgm covered 437" estab- mhmenu in which 72,659 persons were employed, with weekly earnings ~of $1,693,155. bined pay rolls for the period showed a decrease of L2 per cent.,Ten of the major groups showed incréases in em- First Mortgage Loans for, 3, 5, and 10 year periods on houses, apartments and busi- neess property in Washington, nearby . Maryland and Virginia Randall H. Hagner & Company, Inc. 1321 Conn. Ave. N.W. Decatur 3600 Mortgage Loan Correspondent New York Life Insurance Co. le employment, increased, the com- [ C., WEDNESDAY; OCTOBER 16, 1929. ployment ranging from 1.3 per cent to 121 per cent. stries there was ‘manufacturing indu an increue of 4.8 per cent in employ- ment. Of the 284 establishments, 195 were running ou normal ful time, 37 on overtime and 52 on part time. Of the workers, 82.3 per cent were on full time or_more. Retail department stores show an in- crease of 2.7 per cent In empluyment. If you own a Chevrolet car and the ehgine has cracked, don’t worry, the with reduction of rolls of 0.7 psi pay per PARIS BOURSE PRICES. FINANCIAL. PARIS, October 16 (fl—?rleu ‘were ‘Three easier on the bourse cent nntu. '(ln'-.nu gy centimes. on * Longon, 133 WORKMEN OF WELDIT CO. WELDING THE TAIL ON N\ BUFFALO, AT QST BRIDGE., WELDIT CO. Met. 2416 will give you in exchange a good one for $4.50. If the engine is frozen we will weld it in the car for $5.50 to $8.50. Other 516 1st St. N.W. things may be welded also. Enjoy Safety With -: Liberal Return in Guaranty First Mortgage notes and bon s ‘These high character g— Tt ik &1“"‘{, i ot Capital Resources $ 3,400,000 24 JACKSON PLACE, - THE UNIFORM TRUSTS of the City Bank Farmers Trust Company offer an individual trust participation in a group investment administered by a fiduciary organization. ! Increasing need is felt for expert help in investment. This is not surprising in this day of expansion, mergers, shifting economic currents. Upon the small investor the problem presses with special force. How for example can he diversify $5000 or even ‘$50,000? How can he safely follow the example of the large investor and buy common stocks? Furthermore, how can he afford the constant attention required to keep in touch with changing conditions, fluctuations, reorganizations, new issues — to exercise or sell rights when offered ——to rearrange %ie list from time to time? To do all this and do it well is practically impossible for the busy man of affairs, It is to solve this problem and to render a type of trust service hitherto available only for very large estates that our Uni- form Trusts were devised. We accept responsibility for your own pa fund, und:r»a revocable trust. You authorize us to mingle your fund with other similar funds. The large capital thus assembled is spread over a wide range not only of bonds and Prefu"red stocks, but also of selected common stocks. These investments are made and con- stantly examined by a committee of Prindpa.l officers of the trust company,and are reviewed frequently by a committee of the direc- rs. Thus are maintained the high standards which have always marked our trust service. The aim is protective, not speculative. Any increase in the aggregate income and value of the total fundis shared proportibnately by each person whose funds are mingled. N ; Forms of application and information as to com- pleting arrangements for-the creation of a Trust may be obtained from any office of The National * City Bank of New York, the City Bank Farmers Trust Company or through the office of The ' National City Company in your city. CITY BANK COMPANY 43 EXCHANGE PLACE, NEW YORK FARMERS TRUST