Evening Star Newspaper, October 28, 1929, Page 15

FINANCIAL 8§ BOND LIST LOWER 9 INHEAVY TURNOVER Convertibles Bear Brunt of Attack as Pressure Is Renewed Today. Bpecial Dispatch to The Star. NEW YORK, October 28.—Bond prices declined in a heavy volume of selling today—the convertible spectacularly, the investment descrip- tions sedately Taken as a belated sequel to Thurs- day's liquidation on the stock market, many large losses were thrown into the pot to prop impaired margin accounts. Against this tendency, which carried the convertibles to their low levels of last week, was a strong undertone of investment buying, which, while not heavy enough to stem the tide, never- theless served to peg the prices of sounder issues close to their closings of Saturday. American Telephone & Telegraph 4%as dropped 14 points before noon, touching the low of Thursday. This issue was sold in enormous volume, ac- counting, it is estimated, for more than & tenth of the total bond sales. Inter- national Telephone 4’ while not reaching their last week's low, dropped nearly. 20 points. Other like issues, notably the 5 per cents of the Allegheny Corporation, were also down. Public Service of New Jersey 41.s sold at 205, off 14 points from the last sale and down 95 points from the high price of the year established only last month. In the prime list the oils and public utilities withstood the trend better than the rails. Standard Oil of New Jersey 5s weré up fractionally and so were Philadetphia Co. 5s, Columbia Gas 5s. Consolidated Gas ' 5':s and North Americin Edison 5': In the rails only Pennsylvania 414s, Bt. Loujs and San Francisco A 4s and North Pacific general 4s showed small galns. Junior issues of the railroads were weak, although none showed any marked: declines. In the foreign list those jssues which have displayed most strength in the current. movement made gains. Chile Mortgage Bank 63s were up. Lyons 6s gained a point. French 7s and T'%s were both stronger and so were Japanese issues. : Batavia Petroleum 4155 (1942) were uj; 1'; points. Those with losses included South American issues and German_descriptions, especially those of the City of Berlin, MOTOR TRUCK BUSINESS SHOWS BIG EXPANSION Bpecial Dispatch to The Star. BALTIMORE, October 28.-—More than 17,000 motor trucks carrying East- ern Shore_ agricultural products have | been weighed in at Delaware State highway weighing stations during the past five months, according to & report Just issued by the Delmarva Eastern Bhore Association. More ‘than 7,000 of the trucks figuring in the tabulation were bound for Phila- delphial New York City markets re- ceived 5688, Newark, N. J, was the destination for 1,063. Only 469 came to_Baltimore. While the association explained that there was undoubtedly material haul- ing by truck of Eastern Shore commodi- ties from Maryland counties which did not pass through Delaware, and there- fore was not recorded, the figures com- piled are said to cover about 80 per cent of. the motor truck traffic. In all, there were 118 destinations of the peninsula supplied by truck with Delmarya commodities. They extended from Washington to Montreal, Can- ada, through various points in_New England, New York State and Penn- sylvania, Washington Stock Exchange SALES. Chesapeake & Potomac Tel. of Virginia 55—$5,000 at 100'5. Pot. Eléctric 5!5s pfd—5 at 105, Georgelown Gas 55—$3,000 at 100, ‘Washington Gas 6s B—$500 at 1021%. Capital Traction Co.—10 at 80, 15 at 80. Potomac Electric 6% pfd—5 at 1123}, Potomac Electric 5% % pfd.—5 at 105. Ped'ex;)o-Amencm National Bank—22 a 5 An:géuan Security & Trust Co.—5 at Merchants’ Bank & Trust Co.—8 at 150, Lincoln National Bank—10 at 425. Columbia Sand & Gravel pfd.—10 at 86. AFTER CALL. " Capital Traction Co.—25 at 80, 10 at 81. Riggs National Bank—1 at 581. Capital 'Traction 55—$1,000 at 9115, $500 ‘at 91. Capital Traction Co.—10 at 81, Union Trust Co.—5 at 320. Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Telga. 4138 '33. & Telga. 4135 C. & P:Tel. ot Va. 5 Capital_ Traction City & Buburban 5s Georget! i . Gas 65, series B Wash, Bwy. & Elec. 4s MISCELLANEOUS. & Ross, Tnoy 61us...... Cham.-Vanbit. 'Hotel 6! Chestniit Farms Dairy Chevy_Chase Club 5125 D. C. Paper Mic. 6s : Pot. Joint Stéek Ld. Bi.'55 W.'M. Cold Storage 55........ Wash, Cons. Title 6 i STOCKS. N & Potomac Becond S 8 Katloral Bank of Washington TRUST COMPANY. American Security & Trust Co.. Contirtental Trust......... 1 Merchants’ Bank. .. National Savings & Trust. . on Trust s Washington Loan & Trust SAVINGS BANK. Bank of Bethesda + Commercial & Eavings Fast Washington g Potomac Becurity Savings 41 & Commercial 5 reet.. . 3 American Corcoran Firemen's 3 National Unioh..! TITLE INSURANCE. Columbia Title ... Title & Inv. of Md 'com Wash, Cons, Title pfd... . . MISCELLANEOUS. Barber & Ross, Inc. com Chevy Chase Dairy pfd Col. Band & Gravel pfd Commercial Nat'l Co pfd D. C. Paper Mfr. pid ¢ Dist. National Securities pfd Federal Storage pfa..... 1 Federal-American Co Federal American pld Lanston Monotype.. 1 Merchants’ Trans, “&_Sforage. 115 Merchants' Trans. & Stor. p{d Merdenthaler Linotype. .. ..... 103 Natl' Mtge. & Inv. pfd. com issues | Sales. 70 Hil Lib3%s... Lib1st4%s 98 US3%s4t. US4s1944 52 US4xsb2z. 8 Argentine b3 Argentine 6s.Ju 3. Argentine 6s Oct 69 Argentine May ‘61. 5%48'62 | Argentt Argentl Argentine 6s | Australia 41 Australia 53 1955 Australia 58 1957 Austria 7s. Bank of Chile 634 Bank of Chile 6% Belglum 6s. Belgium 6148, Belzium 78 . Belglum 78 1956. Belgium 7%s. Belgium 8s. ... Bolivia 7s ct 69 Bolivia 88 Bordeaux 6s. Brazil 6451926 Brazil 645 1927, Rrazil 7s... Rrazil 8s. | Bremen gt Canada 6s 1931, Canada 63 1952, Chile 6560 Chile 6; Colombia 63 J: Con Pow Japan 7s.. Copenhagen 4%s 53 Copenhagen §s ct.. Cuba 5%4s. . Czecho 83 1951, Czecho 88 1952..... Danish Munic 8s A. Danish Munic 8s B. Denmark 414s ‘ Denmark 58 '55 Denmark 6s. | Duten East 1'6s 7.; El Salvador 8s 43 Flat 7s war '46. Fiat 7s x war " Finland 6% Finland s Finland 7s. French 7s. French 7%S..... German Bank 6s '3 German E1 P 6%4s.. German 7s... Ger Gen Elec 7s Greek 63 1963. Irish Free Sta Italy 7 Italian Japanese 4s 3 Japanese 6% s 34 Kreuger&Toll 6s et 179 Lyons 6s. 3 Marseflle 6s. Mex 45 1904 12 10 67 Norway 53 1963 Norway 6%s. .. Norway 651943 Norway 63 1944 Norway 6%s 1952 Orient dev 63 i Paris-Ly-Med 6: Paris-Ly-Med 7, Paris Orleans 5% Peru 65 1960. Peru 6s 1961 Peru7s... Poland 6s 40 Poland 7s (rets). Poland 8s...... Porto Alegre 8s. Queensland 6s. Queensland Rhinelbe Un 7: | Rhine Wst EP Phine Wst E P RhineWst EP 7s 60 o de Janerio 6% 8 Rio Grdo Sul 6s 48, Rio de Jan 85 1946.. Rome 6148... 41 Sao Paulo 1950. Saxon (PW) 17 Selne 78 42. Serbs Cr Sla Serbs Crot Slo 8 Shinyetsu 6148 b Solssons 6s. . Swiss Confed 8s... Toho El Pow 7s. Toklo 53 Tok10 5%8 1961.... Utd Kingm 6% s 37, Uruguay 63 1960. Uruguay 8s. Vienna 6s '52. Warsaw 78 '52. Yokohama 6 Abram&Straus 6%s 23 Ajax-Rubber 8s.... 43 Alieghany Cp 6844 117 Alleghany bs 49 wi. ¢ AmAgriChem 7%s. Am Chem 5%scv 43 Am Int Cor 5%s 49. Am NatGas 643 42 Am Smit & R 1st 58 Am Sugar Ref 6s. Am T&T cv 4%s 39 AmT& Tecltrbs, AmT&Tst5s.... b: Am Tel & Tel 5% Am Wrtg Pap 6s 47, | Aromur&Co4 %#39. Armour Del 5%3 Atl Gulf 55 69 Atlantic Refin Bell Tel Pa bs B Bell Tel Pa bs C Bethlehm Stl pm 58 Beth Steel rf 5s. ... Beth Steel 6148 53.. 39 Bethiehem Steel 63 Bklyn Edison 8. .. Bush Term Bldg b3 Certain-Td 5% rcta Chile Copper 58.... Colon Oil 6338 2 Col G& 131 bs Ma Com Invest b%s 49 Com Invest 6348 Con Coal Md bs.... ConGas N Y 6%s.. Consumers Pow 5s. Cuba Canecv 7s. Cuba Cane 8s...... Det £dison 55 40... Det Edison 65. Dodge 63. ... Donner Steel 7s Duquesne 4145 67. . Fisk Rub 8s. .. Gen Cable 6% 47 Gen Mot Ac Cor 6: Goodrich 6%s Goodyear bs rets Humble Ol &s. Humble O & R 6% [l Steel 4% 40. Inland SU 4%s 78.. Intl Cement 6s43. .. Intl Match 68 47... Int Mer Mar 6s.... Int Paper 68 47.... 3 Inter Paper 6 . Int Tel&Teleg 4%. . Int Tel&Tel 4%s cv 56 Lautaro Nitrate 63, Laclede 5s. . . Laclede G 548 62. . Liggelt & Myers 78 loew's Inc 6s. Lorlillard 5%s Lorillard ¢P) 7s. Lou Gas & EI 63 562 Midvale Steel b: Montana Pow b: Montana Pw deb 68 Mor's&Co 18t 4%8. Nat Dalry 6%s Nat Radiator 6 NewEngland Tel b N Y [dison ba 44 N Y Ediron 6% No Am Ed 6% 62, Nor States Pow 68.. 985 99 15 1 99 22 1 11020 FOREIGN. . High, 8 89te I ON NEW YORK R gh. 30 994 9915 § 101% 108 86 102% 102% 1054 108'2 105% 100% 1034 1843 1020 UNITED STATES. (Sales are 1n £1,000.) Lo 98 9912 99 19 98 25 106 16 11016 2:15. 985 9915 9919 98 30 10616 11016 Low. 2:18. FXI5 957y 100% 9914 1025 ¥ty 90's 10014 30 1001 103 1024 107% 1054 901a 8lle 50 6% 109% 114% 94 100% 100 1i% Bole 991 1034 91y 102 91% 9 100 101 101% 102 1014 8% 100% 108 101% 1004 854 100 103 96% £0 80% MISCELLANEOUS. ., 108 80 101 101 106 106 1023 ¢ 100% 105 6 104% 103 5 100% 70 1024 105 994 100 104% 104% 103 100t 70 104% 1011 bl 120% 102% 9216 £5% 107 101 49 102% 212 98% 105 THE EVENING STAR, WASHINGTON, D. C., MOXDAY, OCTOBER 28 1929 BONDS ;o | eceived by Private Wie Direct to The . High. Low. 2:15. Pathe Exchange 7s. Peoples Gas bs. Phtla Co bs 67 Philips Petro5%s Por Ric Am Tob 6s. Postal Tel & Cb6%s Pub Ser 4%s...... Punta Alegre 7s. .. Rem Rnd i%s war. Richfield Oil 65 '44. Southwest Bell Stand OIl N J 46. ... Stand Ofl N ¥ 434, Tenn Copper 63 41 Tenn Elec Pow 63 Transcontl O11 6148 Utllitles Powr 6%8. Vertientes Sug 7s., US Rub 1strf5s... USRub7is...... ? Warner Sug 7s 39 Walworth 6s 45 Walworth 618 35 Westn Unlon 6%s White Eagle O 5% Wick-Spen cv 7 Wilson & Co 1st 6s. Win RepeatAr 7%s. Youngstn S & T bi RAILROAD. Ann Arbor 4s...... At& &BIr 4s33.. Atchison gen 4s. Atch deb 448 43, B & O Gold 4s.. B&Ocy4%s. B&OTIES. . .00 B&O1sbsct..oia. B&OTrfimp6s . BKlyn Manhat 6s. . Brooklyn Elev 648 Bklyn Un El bs sta. Buff R & Pitts 4% Bush Term con b8 Can Nat 4155 68 Can Pac deb 4 . Can Pac 4%s 46.... Can Pac 5s '44 rets. Car Clin&Ohio 6s 52 Chi Gt West 45 69 Chi MilSP&Pac5876 CMSP&Pac adj5503 Chi & NW 17s. ChiT H inc 6s 60. Chi Un Sta 434s Chi& W Ind cn 4s. C& W Ib%s62 o Colo & Sou 434, Cuba R R Ti4s. Cuba Nor 5%s ets. Del & Hud 1st rt 4, » Den&RioG 41536 D Rio G West bs Duluth S S & At bs.. Erie 15t con: o EISE DTS P T T L CL Tt Gt Nor 4%5 76 Gt Nor 4348 E Gt Nor b Gt Nor gen Hud & Man aj bs. Hud&Man ref 5, 111 Cent 45 53. e S Pamea 3 & 0 bn int Rapid Trans bs. Int Rap Tr 68 stpd., Int Rapid Trans Iat Rapid Trans 7 Int & G Nor 1st §; Int & G Nor adj Int RysC A 5s 7: Int RysCA 6%srct Kan City Ft S 4s.... Kan City S 3s. . Kan City Term 48, Kansas City S 6s. .. Lake Shore 45 31.., LehiVigen 435 2003 Louis & Nash 6 %s.. Louts & Nasn 7s.... Market St 7s 40. . Man Ry 2d 45 2013., Mil El Ry & L 6s 61, Minn & StL ref Minn & StLcn 6s. .. M StP&SSM cn 4s., M StP & SSM 634s.. MK&T 4s B. MK &T adj 65 Mo Pacific gen 4 Mo Pac 65 A 65. Mo Pac bs ¥ 77. Mo Pag 53 G 7 Mo Pac 6%s 49 evt. Nassau E14s61.... NOTex&MbsA.. NOT&MbH4s N ¥ Cen deb 4. NYCrtimay N YCenrtfis . N Y C& Sl deb 4. NYC&SILb%sA, NYC&StLésA NYNH& H 45 NY NH&Hdeb 45’ NH NH&Hart 435, N NH&Hart clt Y Ont W 1st 4s. N Y Ry 6365, N Y State Ry 434s.. NYState Ry 6%s 62 NYW&B4k%s Norfolk & Wen ¢ Nor Pac 38 2047.... Nor Pac 4s. Nor Pac rt 6 Ore Wash 1st 4 Ore Short Lt 4 Ore Short L bs Penua sen 4% Penna 4%s 63 Penna gen & | Penna bs 64 Penna 648, Penna gold 7s. Pa Ohio & Det 448, Peo & £ 1t 45 40 » PC Port K L & P 6s 4. POrt RL P 63 47. Port RL&P 7145 46. Reading ken 498 A Rio G Westcl 4s... StL IM&S R&G 4s.. Stl. IM&S gn b8 31, SIL&SKplesA.. SIL&SK 44878, SLL& S F prin b u Pac ref 4s..... SIL'S W con +832.. StL S W bs b2 San A & Arn P 48, Seab AL 4# sta. . Seab AL ref 4 SBAll Fla 68 Sou Pac 4% s rcis Sou Pac 4%8 69 w Sou Ry con Sou Ry gen Sou Ry 68 66. Tex Corp cv 55 1944 420 Tex Ark FS6%360 6 Tex & Pac65C79.. 14 Third Ave ref 45 60. Union Pac 1st 4 Union P: 140% Uniton Pai §9% Union Pac 4% 6 105% 102% Virginia Ry 1st b 2 105% vy P 58essans 17 1004 1004 101% 103 100% 10144 100% | 9613 | N 101 1068 100% 100% T4% 100% 95% EOby 97 .97 9% %\A 1034 103% % 1004 1003 { Michigan, 100-] ) TRADNG IS QUET AT D. C. MARKET Wholesalers Display Large Carry-Over From Last Week. Fruits Are Plentiful. There was the usual quiet Monday morning trading reported in the whole- sale’ district this morning. Whole- salers had supplied more than ample to meet demands, however, having car- rled over quantities of foodstuffs from last week. Large quantities of chickens and many turkeys were among the supplies carrled over, last week's market having | closed draggy. “Carrying chickens over the week end is not very profitable,” remarked a dealer, “for chickens and turkeys in- variably lose weight while confined in coops, and the loss of weight, plus the | cost of feeding usually means losses.” Demands for practically all foodstuffs were reported slow and draggy this morning, and the warm weather is ex- pected to decrease the demands for turkeys reported during the cool spell | last week. Poultry Supplies. In addition to the quantites of tur- keys and chickens carried over from last week, according to reports of dealers, there were many keats and a number of ducks and geese included. Commission merchants had immense quantities of fruits and vegetables to offer the trade at prices about the same s prices quoted at the close of the week. It was reported that the condition of the new crop of Flordia oranges has greatly improved as ripen- ing has progressed, and the fruit was offered at $4 and $4.50 a box. Cali- fornia fruit. of various sizes, sold from $3.50 to $8.50. Receipts of grapes continued heavy, and dealers had large supplies of pears of several varieties to offer the retail trade. They also had rll‘ntlml supplies on honeydews and fairly heavy supplies of apples. Growers in the Norfolk, Va. section furnished local dealers quantities of stringless beans that were offered around $2.50 and $2.75. Light receipts of California artichokes, five to six dozen in a box, sold at $6.50. Plentiful supplies of mushrooms were on hand this morning, some fresh and white and in perfect condition, while others were brown, some not so fresh. Prices ranged from 50 cents to $1.25. Fruits_and vegetables from nearby Maryland and Virginia were offered on the farmers’ line at prices about the same as quoted Saturday. Tomatoes continued plentiful, selling from 50 cents to $1.25 a basket. There was much stock held over from last week, receipts this morning being about as slow as usual on Mondays. Prices of most commodities this morning were the same as those re- ported at the close of last week's mar- ket. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound _prints 46a47; tub, 45',846; store packed, 30a32. Eggs—Hennery, 55; fresh selected, 48a50; current receipts, 43a45. Poultry, alive—Turkeys, hen, toms, 33; Spring chickens, large, 27a28; broilers, . Leghorns, 24a25; fowls, 27a28; Leghorns, fowls, 20a21; roosters, 18a20; ducks, 15a20; keats, young, 40a 60; old, 30. Dressed—Turkeys, 40a45; Spring chickens, large, 37a38; medium, 35a36; broilers, 37a38; Leghorns, 35; roosters, 24a25; ducks, 28a30; keats, 79a90. R Meats—Beef, 20a23; veal, 24a28; lamb, 26a27; pork loins, 30; fresh hams, 22a25; fresh shoulders, 20a23; smoked { hams, 26a28; smoked shoulders, 18a20; bacon, 28; lard, in bulk, 14; in pack- ages, 15. Live stock—Calves, 14';; lambs, 122 al3, Fruit and Vegetable Review. ‘The daily market report on fruits and vegetables, complled by the Market News Service Bureau of Agricultural economics, says: Sales to jobbers except where other- wise noted. Apples—Supplies moderate; demand moderate, market steady; boxed, Wash- ington, extra fancy, delicious, medium to large size, 3.75a4.00; fancy, delicious, medium to large size, 3.50; extra fancy Jonathans, medium to large size, 3.25; bushel baskets, Virginia, U. 8. No. 1, 2% inches up, delicious, 2.75; U. S. No. 1, 2%, inches up, delicious, 2.50; U. 8, No. 1, 2% inches up, Staymans, 2.00; 3 inches up, 2.25; 3 inches up, Black Twigs, 2.00; U. 8. No. 1, 21, inches up, Grimes, 2.00a2.25; U. 8. No. 1, 235 inches up, Yorks, 2.00; un- classified various varieties, 1.00a1.25; poorer low as 50. Cabbage—Supplies moderate: demand light, market dull; New York, 90-pound sacks, Danish type, 1.40a1.50. Celery—Supplies light; demand light, market steady; New York, 23 crates, 2.25a2.50. Grapes—Supplies of Eastern stock light; demand light, market slightly weaker; New York, 12-quart climax baskets, Concords, U. S. No. 1, 45a50. Lettuce—Supplies liberal; demand light, market about steady:; Western stock, California crates, Iceberg type, 4-5 dozen, 3.00a3.25, Onions—Supplies light; demand light, market steady; New York and und sacks, yellows, U. ;. SNO, 1, medium to large size, 2.00a Potatoes—Supplies liberal: demand moderate, market steady; New York, 150-pound sacks, round whites, U. 8. No. 1, mostly 4.50; few, fair condition, 4.35a4.40; Maine, 150-pound sacks, Green Mountains, U S. No. 1, 4.50a4.60; some, poor condition, 3.75a4.25. Sweer potatoes—Supplies moderate; demand slow, market slightly weaker; Eastern Shore, Va., cloth-top barrels, yellows, No. 1, 2.75; some, ordinary quality, $2.50; Eastern Shore, Md., bushel hampers, yellows, No. 1, 85a1.00. String beans—Supplies liberal; de- mand moderate, market about steady. South Carolina and Norfolk section of Virginia, bushel hampers green, 1.75a 2.00; some fair quality and condition, 1.00a1.50. Tomatoes—Supplies moderate; de- mand moderate, market dull. Nearby Maryland, 1:-bushel hampers, 75a1.00; California, lugs, ripes and turning, wrapped, 6x6 and larger, mestly 2.00. Cauliflower—Supplies moderate; de- mand moderate, market about steady. New York, Long Island crates, 2.90a3.00, Oranges—Supplies moderate; demand moderate, market about steady. Florida, boxes Parson Browns, medium size, 3.25a3.50, few higher. BALTIMORE & OHIO. BALTIMORE, October 28 (Special).— Although operating revenues of the Bal- timore "& Ohio Railroad last month showed an increase of $091,662 over September, 1928, net railway operating inccme ~ after deductions decreased $553,066, according to the monthly statement issued_today. This unfavorable showing is due to expenditures for maintenance of way and structures and maintenance of equipment. which show an increase of $1,125,657 over September, 1928. Total operating revenues for the month were $22,042,279, while net rail- way operating income, after deductions, amounted to $5272,802. Freight rev- enue for the month increased $1,121,804, but passenger revenue showed a ' de- cline of $167,959, compared with Sep- tember last_yea: Whash 68 76 B. West Maryla West Md 6348 77... ‘West Pacifio 58, e 357 FARM BOARD HELPS GROWERS OF GRAIN BY OWEN L. SCOTT. Special Dispatch to The Star. CHICAGO, October 28—Action by the Federal Farm Board to stabilize wheat prices at a level profitable to the grower has come at a time when there are the brigitest prospects of success. This opinion is general among grain men, who feel that the recent severe | price_slump, which trimmed approxi- mately $100,000,000 from the value cf | grain still in growers' hands, was wholly unwarranted by underlying world con- ditions. By its gesture the Farm Bourd has gone far to restore confidence in the market and it also is giving farmers | a real reason to keep the wheat they -R\m still have from being dumped. Of added importance is the fact that this action is taken just at the time when the Farmers’ National Grain | Corporation—the $20,000,000 co-opera- tive designed to co-ordinate marketing activities—has completed organization. Actual incorporation is to be made within & few days and a general man- ager appointed. Then will begin the task of bringing together the 4,000 co- operative grain clevators and the nu- merous co-operative marketing assocla- tions which now function. The statement of Alexander Legge, chairman of the Farm Board, however, is the most immediately effective move. He has made available to existing co- operatives a crgdit of $100.000.000, with a promise of Mmore if needed. Under these conditions the co-operatives tak- | ing grain from the growers can ad- vance approximately 90 per cent of the | basic price of the wheat, which the| farmer gets at once. Then it can hold | this wheat off the market to be sold when conditions warrant. - London, | Baris. TREASURY CERTIFICATES. ‘ (Reported by J. & W. fl Seligman & Co.) B 000 FOREIGN EXCHANGE. (Quotations furnighed by W. 8. fibbs & Co.) “ominal gold Selling checks val pound. franc.... 268015 1268013 2687 Established 1899 INVEST YOUR FUNDS In 6% and 6':% First Trust Notes consut ~ WELCH Reaitors 15th & N. Y. Ave. N.W. 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