Evening Star Newspaper, October 26, 1929, Page 23

FINANCIAL. BONDS RREGULAR | [ o= BONDS s | 0GAL NVESTORS FINACTVE HARKE f.oraign and High-Grade Is- sues Show Advances. Convertibles Quiet. Bpecial Dispatch to The Star. NEW. YORK, October 26.—A brisk) toade in foreign loans was the feature ®t an irregular bond market today. generally fluctuated on both sides ¥t the line, with the higher grade bonds inelining to the side of advance. In the foreigns there were a number of %mm-n reparations 7s were uj ally and so were Rome 628, though other German and Italian issues were off somewhat. French 78 were in demand, still at their high of the year, while Beigian issues were heavy. Tradi was quiet and the convert- nes, ng & very inactive stock market, did not scintiliate in their ac- customed manner. . In the prime grades, Chesapeake Corporation 5s, St. Louls & San Fran- cisco A 4s, Union Pacific 4s, and Youngstown Sheet & Tube 5s moved ahead somewhat, but there were de- clines in Southern Pacific 4!33 (196¥), ‘American Telephone 5!s, Standard Oil of New Jersey 5s and Philadelphia Co. 8s. United States Government issues ‘were selling at prices slightly under the h marks established yesterday. where in’ the list fractional de- ¢lines in the oil company descriptions, Bales. Lib 4th 4% e 280 3 43. 43 9328 9328 98 44 52 11028 11028 10523 _FOREIGN. Argentine 5% Argentine s B. Australi Australla Bolivia 1 Bolivia 8 Bordeaux Brasil 6% Danish Munic $s A. Denmark ¢ Denmark UNITED STATES. (Bales are in £1.000.) 1 Sinclair-Ofl 7a 56 High. u: Close. I ntr Ci 10 ” 1 South Bell Tel Stand ONINJ Sug K4 Orjent 9926 10 94 9% Weatn Un 18 1024 101% Wiison & Co 18t 1 93 3% " 8 91 961, 961! YoungstnS& T s, 23 12 101K 1004 100k 30 105 105 :z:;. 3 107% 1075 107 5 t65% 106% 105% h 60 56 1hev 114% 1% 3 109% 109% 109%y 9 79 ¥ ” 5 101% 101% 10i% 1L 0 90 90 3 1007 100% 1007 TN 19 79 9 994 88% BBl 94l Di% 100% 100 105 108 107% 107% 9 109% 109 109's | Car Clinch & O 31 #8% 884 ¥l | Car ClinkOhlo 3 997 99 99% | Centof Ga 5aC 59 Can Nat 4%4s 3 Can Nat 4%, 1 100 . 21 Win RepeatAr 7% S 968 $34% 931 59 100% 100% 101% 1014 75 6 9944 104% 104 Pin 934 3 109% 109% Rdl 88 100% 100% 89 K94 93 984 95 M 101% 101% o2 102. 1024 102% 991 991s 107 1065 100% 1004 RAILROAD. 16 9u5% 9245 9% 149 148 1419 101 103 Sales. High. Low. Close. 100t 1001 100% | 2 96 934 100% o 75 94 104 93y 100% 884 100% 89, 93% i 9 101% 102 1024 891y 107 100% 148 4 90% YO% 90% aee 22 10215 10215 1024 6 107% 107% 107% 2 110% 109% 10v% . 2 Bl Bl XAy . 25 101 5 99% 94 W9y 1 1074 1075 1071 3 991 98t 99 101 103 SEEK BARGAINS Brokers Say Crash Attracted Many Who Have Been Absent for Years. A brand-new crop of stock buyers, greatly augmenting the “regulars” who have crowded the offices of the stock brokers in recent months here, has been attracted into stock dealings in the past few days in search of bargains in the recovering shares hit hardest in the big break which started Tuesday afternoon and reached its peak Wednes- day—some of the new crop getting their bargains and some not, according 1o heads of the local brokerage offices. Indications that the Washiguton buy- ing public was “laying off” the market just before the break is evident in the paucity of buying orders brokers early this week, but since the big break there has been a rush to buy thatonly was equaled by the rush to sell when the' smash came. A survey of Washington brokers re- veals the fact that as the result of the break, people who have stayed out of the market for two, three and even four years, waiting for the long-expect- ed crash to come in stocks, have turned mnto the market now with their hands full of money ready to pick up wh ever might seem to them a bargain. One firm reported that it had only seven buy orders on the day beforesthe big break and that today there were 60 on the books. Another firm reported per- sons who had not been seen in their boardrooms for many months, in -some tendered | | CHANGE IN CAPITAL STRUCTURE PLANNED Special Dispatch to The Star. BALTIMORE, October 26.—Plans are being completed for a change in the capital structure of the Baltimore Trust Co. and the organization of a se- curities company with a capital of 5,000,000, according to Donald Sym- ington, president of the trust compeny. Both the trust and securities companies will be operated as one. Following the completion of legal de- tails, the name of the company, if any change should be desired, and other ex- ecutive detalls will be announced. The stock of both the irust and se- curities companies will consist of 6 000- shares. When the plan is com pleted it is contemplated that the cap- ' ital structure of the company will be: ( Captal, $6,250.000; surplus, $4,250,000; undivided profits, $1,000,000. In Nearby Virginia P . Commonwealth Investment Co. 917 15th R, N.W. Phone mal 2623 ComrLETE FINANCING TRUST MONEY On homes, apartment buildings and busi FINANCIATL, ¢ @ half-point advance in American Sugar Refining 6s and & jump of 1'; points in ‘Goodyear were the only noteworthy incidents. New bond offerings in the week fotaled 74,379,000, as compared with ,«.ln.m in the preceding week and 74,042,000 & year ago. For next week the market has in wo?ect the offering of $60,000,000 of New York City 4%as. .. Washington Stock Exchange ¥ 1054 103ta 108% | Central of Ga b% et Paed instances years, had entered the market in full force, trying to find both in- vestment and speculative bargains. “It's & condition that exists all over the country, and one that is perfectly normal after such a break as occurred 015 | Tuesday afternoon and Wednesday,” 10614 | ON€ broker declared. 80 Another could not by any stretch of o7 | the imagination see any difference be- 93w | tween those dealing in stocks, either for 1 . ¢l 3° 93 |investment or speculative purposes, in & a ¢ 1s. » 6 b J L9324 924 Wlshlnfwn, from their fellows in any ALE . 7% " J 4 othcr clty in the United States. “For Capital Traction 55—$1,000 at 91 179 Chi 8t P&O ¢ 99 ever huyer there is a seller, ally,” Chesapeake & Potomac Tel. of Va. 5 ) : 0 cniriars 941 | he “alu. “and it is not reasonable to ex- |~ $3,000 at 100%. Irish Fres State bs. 8 seelChRI&Pe 941 | P: 'hat (e buyers are all bunched in shington Gas 55—$2,000 at 97. el il 5 ve fome v andthe sellers in another.” He 'ashington Gas A—$500 at 10113, +{P 5 7 Biy | sal i there was just as much rush O "ai.000 ot 01t | | Japaness 3o e ea : {6 [on the part of Washington speculators Gas 6s B—$200 at 102. | A0 e 3102 102 102 |10 el out when the crash came us there Tract i 83%, 10 at 1 114% 114% 114t |18 Tus uy now when shares are at o T R Por=e e, 1 Ma A 6 103% 1031 10w, | low levels as the result of the crash. . 4 98 8 s —_— —e o 1 102Y 102 1024 19Bs 9N s 6 usn vwnm 99, 4 B0 80 8O Denmark Duten ka: properties. No app: fee. Prompt service. Real Estate Mortgage & Guaranty Corp. 24 Jackson Place Natl. 1403 0 90 90 | 3102 101% 101% 5% 97 974 9% 9% 99% 6 97w 97w 9Tu 2 96% 954 954 3 70 69 L 106% 106% 20 81 80 Continuous—Concentrated— Constructive First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. A vast army of trained minds is focused on the one objective—that of making this great news- paper still better. THINKING how its local, national and interna- tional news service can be improved, girdling the globe with the great Associated Press organiza- tion and a staff of special correspondents. THINKING what special features can be added to ihcrease reader interest, furnish wider informa- tion and entertainment. Searching out the bestin literary production, the most advanced thought on current topics of engaging importance; the cleverest in comic art. THINKING how to enhance the typographical appearance of its pages, with type that’s easy to read and make-up that facilitates the reading. THINKING how to do a better job of printing— with press work that shall be unvaryingly uniform and invariably on times THINKING wherein the delivery can.be wid- ened in its scope and perfected in its service. Every route agent, every carrier, every wagon driver striving to make The Star’s slogan “From Press to Home within the Hour” literally true through- out Washington and the territory beyond that de- pends upon it for the news of the day. PR i Consult Us First SHORT-TERM SECURITIES, If you need money for (Reported by J. & W. Sellgman & Co) our Real Estate financing Ao o A 5 1054, T 1gsa 1op0s ||| let us have your application today. Amer. Rolling Mills 5 Armour & Co. of Del Promps Service No Appraisal Fee 6 vl " vl 7 91 $0% 91 |Cuba RR7% “ 100% llulm :3‘1& Cuba Nor b % . 101 101% o 1S Aottt tein | Dw A Hwa 8 3 1034 1024 102 31 101 1004 101 Del & Hud 78 6 100% 100ty 100" 13 b0t wbk N > 1:0% .98 48 100 100 R T 92% 92 92 o D 2 0% K% K9L 1025 1028 | K 1 ¥4 84 ¥ 97 W1 Bl% sl sk ces Zl BUW B0 ¥O 1 ¥Tl 9T Y9N &t 10355, 10 at 103%, 10 at 104, Helaxis AT A e - 1054 Shise Real Estate Mtge. & Guar. pfd.—200 &t | pojand o RO | fer ot Fe R 1 734, 100 at 7 17 93% 9a% 93% | Gt Nor b 1 102% 1023 10214 Carpel Corp.—10 at 32%. 1 102% 1024 102% 6 108% 108 1084 - + 38 110K 109% 110% | Goodyear T. IR F umi nternat’ e DS Pure Oil Oer hell Unlen Oil andara Ol N Jeracy ou T84, 1 5 101% 101% 101% | Int Rapid Tran; BL 684 661 68y [ B8l L. Ir Mt & o Ry. & 99% 9714 914 | IntRapTrésstpd. 10 66 - Int Rapid Tran; wi Rwy. & Elec. ptd.—8 at | . 96, 8 at 96, 2 at 9614 Biges National Bank—10 at 600, 10 at 600, 10 at 598. ‘Merchants’ Bank & 1 50. Columbia Title Insurance Co.—50 at 10. Chevy Chase Dairy pfd.—L5 at 108. Merchants' nsfer & Storage com.— 10 at 115, : Athaler Linotype—10 at 103%, 20 | bary $3 1961 Norwi “Trust Co.—30 at| Urle: L Baltmore & Ohio 41,5 The Commercial National Company Real Estate Loans Applications invited at lowest rates and commission —econom- ical consideration for borrowers. Both large and small loans megotiated— prompt replies, Moore &Hill, Inc. (Since 1900) 730 17th Stroo.l N.W., 90%. wy. & Elec. pfd.—20 at | Sao Pxulo 83 193 Sao Paule 19 1 Sazon (PW) 20 97 . 97 47 lat Rapid Tran 25 106% 105% 105% 17 77 16 77 |Int&G Norads 8 864 851 B5U{INLRYsCA 6l |2 10315 1034 1034 | lowa Cent 1st 5 + 16 1017 101% 101% | KancCity 83 vee 13 103 103 103 | Kcan City Torm ¢a.: 7 o 24 1085 107% 108% | i 9 8 89 30 10nes 'oa ‘g | KanmasCiySbs.., 1 97w vik 974 19 764 6 [ .22 9T 87w 9T% 32 87 87 3 85 8- 88 37, 44 104% 104 1 904 94% 944 3 91 97 9Tw|Le 1 108% 103% 103% 1 106% 1064 1081 | Lov! 1 106% 1044 1044 § B% B4l 84 | Louls & Nesn 7 11 100% 100% 100% 7 | Man Ry 18t ¢ + 5 56% 684y 'y 189N vk B9Y 5 99% 99 99y 26 28 3% 28 L6 9K 99N 99y 4 1021 102% 102% 2 B Tew M e AmAgriChem 7%, 105 105 . 1004 100% Am Chem 6% s cv 439 87 1085 10755 1074 | o 1 19 W v ewg 43 1075 106 106 k i 2a% qae g MOBRSRIGE 410045 100% 100% | NOT & M534s 25 103 108 N Y Cengens 96, 15 at 96, Federsl-American Co. com.—5 at 37. - UNLISTED DEPT. Chapin-Sachs 8% ptd.—10 at 104. %e b2l Bid and Asked Prices. B7% ET% BI% 6 FTl BBl KTW & 96 Ybla 954 5 37w 87w 37w 3 T% TAW TeW Wheeling Money to Loan Secured b eat Pro terest Joseph . Weller £, REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Advantages incident te direet represe: ntation 1520 K St. N.W. Nationa! 0478 || EETIECLES RENTING: FOR RENT Four Rooms, Kitchen, Bath, Reception Hall and Porch. Newly MISCELLA rher & Rosd, Inc., 8ias L ‘Hot 10y 108 108 208 1023 1026 7 i 8 89 © 1B Y6N 98K 96y 4 96% 96% 96 89 106 1064 106\ 0 974 9Th 974 HE e Decorated. 2 105 105 108 - “$80 Per Month i el THE IRVING o 3020 Dent Place N.W. 30th and OFFICE FURNITURE Navisea! 616 E SLN.W, “4DRAWER FiLE 18 The }'Ieirs To Chichen-Itza In Yucatan there mow stands a few miserable huts inhabitated by ignorant Mays ‘Indians, where once was the ancient capital city of Chichen-Itza, a city of magnificent femples and palaces, now half buried in a swarming jungle. 41 ¥8% 88 88 So delicate were the carved buildings; zf “’,‘{ u’;’i% “'i?‘* so grand the imposing edifices; that it 1 9 Y6 s 98 has been estimated that it would cost %fi"fi-'z"fmé %' . v 0 thirty-two million dollars to duplicate it “oons. e 516 : 5 &) :3" this eommunity toda roer & M: it e These Indians are the heirs of a great g:'f. eivilisation—yet they have mo concep- tion of how to uge their heritage. They are taking part in the final chapter of a story of wealth left to those who did not.know how to care for it—a story which is repeating itself every day— whenever people to whom valuable property has been bequeathed lose it through ignorance of the cardinal prin- eiples of investment, There is only one safeguard against such misfortune; invest in only sound securities which have givem: proof of unfailing safety. The First Mortgage 90 Notes issued by Swartell, Rhoem & Hensey Company have stood the test of time; have been safe for ever sixty years; have paid an unfailing return during over half a century. Leave your money for those you love, safe in such securities. z SWARTZELL, RHEEM & HENSEY CoO, MORTGAGE BANKERS 727 15 STREET N.W, wgmnu&mn D.IC- / o 12 1024 102% 102% | N Y Cen & 53 103% 1024 1024 (N Y Crfy 127 106% 104% 104% [ N Y Cen rt b, o 1004 100% 100 | N ¥ C& StL s StL NYC&StLi%sB 3 Y0h 190 193K | w YO A BIL 6o 13 99% 99% 9ok | N T O DS 11004 100w 100% | N7 X 29 104% 1043 105y | NY NH&H 4 % Just Nerth 18345 13274 133% Q St 23 8BS £8Y 1064 105 108% 79 994 98% : 51w 1197 964 N 3 2 21 22 Com Coats N Mt N viwa b P il Con Gas N 71 104% 104% 104y | Norfolk & W en 4. 0 101 Nor Pac 3 10 101% 101% 101% Nor Pac 4 NH NH&Hart 4 57 98% 96 NY NH&H ev db t All through the organization, pride in idealized purpose and satisfaction of supreme achievement furnish the inspiration for ceaseless thought and the stimulus for tireless action. Cuba Can . | Cuba can: 55 65 Cuban Am 2 99% 99y * | Det Edison 110214 102 Det Edison 10 106% 106 2 8bla BBl 88l 25 964 96 10 100' 100t 100% 102 e 13 lz:‘ 9% 98 94 1075 107% i 5 | pennagoia . 28 100% 100% 100% % 3 Port RLP6 3 96 98 96 9 49'% 99 99%| Reading gen ¢ 2 9T VTh 97N 617101% 100% 100% | R 1 Ark & L 4% 8 94 94 94 7107 106% 1068 13 | & 9 93% 93% 93% 7 9B% Y84 98u ¢ 9d Y% ek i n Trust . aemington Loan SAVINGS There is no quitting time in the office. It is the ever-present NOW in the endeavor of every attache of every department—co-operating and co-ordi- nating—to make Washington’s favorite news- paper a model among the papers of the country. Because of its widespread circulation advertis- ing enjoys maximum coverage—and in turn gains for Star readers the first and fullest news of offer- ings by the shops and the interesting messages of producers of nationally distributed products on sale in the local stores. 72 “98% 10 108% 19 ) 0 89% By 89% 5 121% 121% 1Z1% 30 o 9t 85 85 | Tex Ark FS6%860 5 104% 104% i04% 6 86 BB | Texa Pacbs B 1971 5 99% UBA U9k 2 107% 107% 107% | rex & Pue by CT9.. 14 99 Y9 99U 101 | Pex Corp cv 68 1944420 101 100% 1008, 87 99 | Phira Avereraso 2 b2%, eaical w * 100 2 vt ome ek | uistera el throp pid. ... Ulstrd el bs'2 Wopavaiials dotrop ® 975 974 | Union ac I Unlisted Department. i w0 Unfon Pac 1 Unton Pac 41y o BONDS. " 1:1% 113 | Un Pac 1st y-Nayy Club 5. . . 6 924% 92'% | Virgima Ry 12 104'% 103'% 103% Lon Gas & , | Midvate 8t Thus by intensive and uninterrupted thought The Star fulfills its mission in the National Capital — keep- ing pace with the growth of Washington and keep- ing Washingtonians abreast with the times the world over. i 26 8% 98, 98%|VYRy&P 1007 100% 100% 19106 105 105 | Wbash 4 9 9% 27 110% 110% 110% | Wbash 24 102% 10214 1023 | West M 5 98 9Th 973 | West Wis Ce FOREIGN EXCHANGE. 6 6 60 60 3¢ 98% 98% ese | (QUotations ""'"‘{ifiin'.&fl'flfl{.&%l [SelRe ee Postal Tel & C §%s Pressed fnt‘u ss. B leading sutomobile GATS & JOAX, B w8 peaadie