Evening Star Newspaper, October 30, 1929, Page 13

FINANCIAL.? IHE EVENING STAR, WASHINGTON, D. C., WEDNESDAY. OCTOBER 30, 1929. FINANCIAL. the end of December, The Fall de- Money to Loan Received by Private Wire Direct to The The survey points out that the 100 1 . Low, 2:88. approximately 48 per cent of the market [N HEAVY SEI.“NG ey el e ..:..5 R T AR[]UND 2“ B“_I_m value of all the securities (stocks and ||| INVEST YOUR SURPLUS (Sales are In £1.000.) .o 2 High. EBIa& Read 9s 43 14 20 s listed on the Stock Exchange. If ||l FUNDS IN OUR 6% GUAR- : %' | For ioam Tons Sl i feona be estimated that tdfi remain- || ANTEED FIRST MORTGAGE Secured by i : : Lib4th 4481149 992 Postal Tel & C5%s o1 91k R : 5 |ing 52 per cent depreciated commen- NOTES vt é . 2 Convertible List Is an Excep- | [[,’z,l',:‘”.,f i 0 3 [n 1 8 Month’s Declines in Values of Ll:sal&v'nin‘Tfl‘az-ml11?1(1‘1-;:1?"“1(;:9:3:::' High-Class Improved ?1ope1t1es tion to Trend of the USdsisie &7 10810 (0810 | Punta Alex i 70 | Common Stocks Off More | Uomiy pe e Yremaey estimabn. stus Secured on income producing Competent Appraisalg US¢Ksit. 8 11012 11010 L1010 | Remingtonhs a large percentage of the market values ||| properties in the District of Market. FOREIGN. A Than 25 Per Cent. outside the index represents preferred | [l -ojimbia and nearby Mary- 6% stocks and bonds. e Sinclair O11 The survey concludes that “it would land. =1 " Pacific 555, up to 2, points, This|Czecho 851962, 16 108 108 Tol Tr L&P 5%1 30, trend also spread to the ails. Cubs |Denmark ¢%s 17 88 RAILROAD. UnfonPaslet Cane Sugar 8,5 were up 2 points from ; Denmark 5%8 ‘66.. 21 100 99% oy e e thgfi-:m».r\ :Y,‘f. {v"‘nh\!‘x;;wg el i i’? ;g:zm }g"-“ 1 Atchison gen § 9 Union Pac 4%8 67.. : Alchipamss. Virginia Ry 1st 6 th. H S ArzentineBs...... 3 BOW BOM ¥9% 2 robably be a safe generalization to ¢ Bvecial Dispatch to The § Argentine 634 s'62.. 11 94% 93% Crud 4 Specal Dispatch to The Star. IRty ‘that the' tacet valiy ot>an Interest e T e Dl e s | agregate market value of 100 represent- | Exchanee at, the Octaber 34 low palnts | principal guaranteed on date Squitics on tne stock marke togetner | Argentine s B Sl o e s = ative common stock issues declined, up t0 | Joed (HAY (he high figures Toglateredion n;‘oe;e i $1,000,000.00. with forced seimg to support margin | Austraila 4366, 40| it 2 s o October 25, over 11 billion dollars since | September 3.” E dectines, xiii-‘c‘i.‘é"Eflnf;“piiéis'fié‘i\'v‘,{ Jé‘;% Australia 68 1957, NG bat | BUF ONenL 18 75 | August 30, is l"dicm;; b;‘; ]; !‘:‘gy Amusement Stocks Weakest. eclines, e ATBLERTE 2. 'enn Copper 0 published today by Frazier Jelke & Co. largest ine today. Converlible issues, of course, Tenn Elec Pow 63 ¢ 13 21 100 siotts camstivating the Jelke grnT\i:)e i ’ntzie:inix:l;e{;rewgsg ;g ny DlSTI;é(é’:‘J ll;ll:’lrl;gNAL their complementary stocks. 2 i In the saciMfice selling, United States s s = were appraised at 32.08 billion dollars | gue largely to the spectacular decline in CORPORATION 809 15th St. N.\W. District 9486 Government securities went with the ith 43.13 billion dollars Radio. The motors are down 34.5 per £ = cent; the utilities, 31.1 per cent; the 1406 G St. N.W., Washington, D.C. more & Ohly 4s, Chesapeake Corpora- % T4 o tion 5s, Penusylvania General 5s, Du- :“, ;“‘ ,;/‘ Seab AL adj 58 49.. 56% | the merchandising stocks, 30.4 per cent; Quegne Light 4':s, Philadelphia Co. 55 - 19 103»‘: wn“ Seab AL con ¢ |)}cfichr‘m1c:\lsi 28.2dpvr'cent:_ m«lz]mlnes. 3z " 25. per cent, an the miscellaneous F1n e otier hand, the junor fssues | Brazil & 87 107 105 Walworth 6 %3 35, 40 Sou Bac 415s 69 ww decl fitered in the equi On the other hand, the junior issues o 87107 Warner Sug 7839.. 3 S eclines were ragistered in the equip- of the carriers, so heavily raided yes- [Bremen State? 11 99% 9% L ment and in the sailroads, 14.2 per cent and 16.6 per cent respectively. adjustments, for instanca down to 63 | Canada 6s 1962 22 101% 101% yesterday, at a new low for the year,|Chile 3 84 84 Weatn Union 6%8. . the average stock in the index at the Wwere up 9 points today. Chicago & 11 100% 120 White Eagle 0 5% 10 1<:w1s2 gc%'lsbered ‘f)cutmsr 24 was selling 4 l A imes estimated per share earn- t Denver ‘& Rio Grande Western 55, up | Con Pow Japan Willys-Ov 6%4833.. 6 ings for 1929. This compares with 16.5 n nvest”lm a point; Eric general lien 4s, up frac- | Copennagen 88 88 8 Youngstn S & T 5s. 45 Third Av times earnings on August 30. Honally: Inter:ational Great Northern |CopenhagenBsct.. 16 94% 941 Waestinghouse s Third Ave'ad) of price changes by groups: Oct. 24, % De- 3 526 o3 10s | it i o The Greenway Apartment Company B3 WND AMSA=ANR NSRS DB \ NZW YORK, October 30.—Heavy sell- | Argentine §sJu 59.. 38 981 98y .| NEW YORK, October 30.—That securities listed on the New York Stock Payment of - interest and Consalt Australia 6s 1956. . ot M e i . head with | Belgium y K LTO s €r8 an’ excopticn, forging ahead witit [l Col 0igad 5 | Tex Corp cv 58 1944715 index at the low prices of Octover 24 | SICUP 10 L (RCEK (& n tne five ameses it rest. Such e descriptions as Balti- P & Ohh e Ohcstnanke 9 108 1074 . Low. 2:55 |electrical equipments, 30.8 per cent: and Utah Power & Light 55 were down 4 SBAIl Fla 6535 A. Brazil 7s. 4 894 89Y% industrials, 25.5 per cent. The smallest terday, staged a comeback. St. Paul|Canada 6s1931 17 99% U8k The survey further points out that Eastern Tllinois 5s were up a point, Wick-Spen ev 78. . 10 & $ ‘hanges in Leading Grou; f adjustments, up 2 points, and Missour- [ Czecho 831951...., 6 107% 107% Wilson & Co 13t 65, 15 TolStL& W 4 Chang T ps. d The following table shows the extent Ortunl frpied o large ber of 2 13 102% 10: 2 dny's market the large num| 1024 102 s e R ow prices reached in forelgn | F - 11 107% 107% 107% s O Vv Ry & P bs. 0 Donds. aitnough this group had | Fiat 5105 105 A i T | W 99t 99 6 i i (A Maryland Corporati badly on Tuesday. Gains thac|Finlandsf6és AtlanticC L 4355 64 4 ot | Wh ;«;:; ;;a cel 0! 4 4 aryland Corporation) hat been made during the first three | Finland 7s 9 : Cae ; 2 108 104 | § Sy e Sinde 2 General Closed Mortgage 614% Convertible Gold Bonds e weeks of October were lost in Soutn | Framerica d Central American, German, Italian | French 7s. West Maryland 80% £0% 43,292 a - | h 7 . & ort Wi 5 3 & X ba Japanese issues. German Govern- | French 7% 51 1125 110 West Pacifio 65, .. 14 § Merchahdize 260,034 o8 30 Dited Janvary 3, 1939 Do et 1058 ment 7s, whick had advanced above 1 German Bank 27 S i TR Tecently and dropped down to 102 Tues- [ SSTman m;m.-? HE St e Totals $43.131,854 432,086,201 Interest Payable Semi-Annually 8 8f v vance today. 2 day, showed an advan forelgn | GeTman 7s. SW b : 2 January 1st and July 1st This change in the trend of er Gen Elec 7. UNION TRUST COMPANY OF MARYLAND, BALTIMORE, MARYLAND, Trustee {ssues was due to several causes, 8MONG | Greek 6s 1963, 2 . . S, on- B & O Toledo e el o et Ol o B0 o Equitable Co-operative Bldg. Ass'n stocks mn: nppr:éfl}c:o lt;‘ee 0;‘:: ct;:uen:m;; Irish Fre :m:l’!;‘ E}{:::%-. & Refunds Personal Property Taxes not in excess of 5 Mills Foreigners who have been taking them | Jopane BKiyn Un El b8 sta. 2 JOHN JOY EDSON, President WALTER S. PRATT, Jr. Secretary Free of Normal Federal Income Tax up to 2% back for a long time and have had t0 | Japanese 6 0% 1 iibieihind i LD Organized 1879 49th YEAR COMPLETED Each bond is convertible into the 7% Cumulative Preferred Stock of the Company % ct thels eculative com- = s mmens Lons s s Can Nat 4138 87 SR G TN, Son R AR at the rate of ten ehares of Stock for each $1,000 principal amount of bonds with g:::\dv:,s% -: . .19 Snbscriptinn for the 97th Issue of Stock Bein g Received adjustments as to interest and dividends at the time of conversion. ey — . Mex) 1 5 > Washington Stock Exchange |iianercs .| Gan Pac deb 4 : PROPERTY: The Greenway Apartment Company has owned and successfully operated SALES. n\don’;o\-meo 1% 98 g::_- 'l:’nc : g, T 2 9 = S AVE As -p-n:z:ln‘t houses in BAnlnmer: for the past ten years. The Company now. owns in fee P Netherlands 6s 7 n o simp! e Greenway Apartments, Green Spring Manor Apartments, Gi Hall Apart- Cap. Tract. 55—$1.000 at 89%4, $1,000 8 | Ny, 5o \Wales bt Cent Pac 4s. 2 YOU E A RN ments, and Ingram Hall Apartaents; ll 100% tented. e e 8914, $1,000 at 89. Can Pac 5s '44 rcts, 1 Gas 5s—$1,000 at 97, $1,000 B(;otrggfifillo\fn Gas 55—$1,000 a N g::::g:?:‘zfl A, . SE'CURITY AND VALUAT_]ONI The various properties of the Company covered by L E,",%" Z‘i’b’dos;‘,?;éa“““.;‘50’;’;,‘33“" Norway 68 1943..., 21 101% 101% g‘.nno Corpn 64. 242 3 HE Equitable’s plan of sys- :’:;::ion t;:‘-‘pl::nv:np.-'l‘ .'55.'... df'v?ll““::'n?i“ ’zi'm’ M":h Foralh ‘hi‘; at 983, $2. 983, £1, - . | Norway 63 1944.... 43 10i% 10114 1& Alton 3%s... 1 tematic savings encourages : S T Lt SRS U featinne @ Sauia Wash, Gas 55—8$1,000 at 9612, $1,000 at | Norwey ¢ A CRI&E 11} gn 68 81, 12 4 ten g uragt value equivalent to $2,145 for each $1,000 ipal it of Gen 985, $1,000 at 9634, $1,000 8L 96. | Crtant orirss o+ 57 s Chi Gt West 48 69.. 13 6. thrift in a manner that if con- o RV Wash. Gas 6s A—$100 at 10012, Chi M&StP 4348 B., 62 sis(cnfly followed will even- EARNINGS: Estimated net earnings for the combined properties, based on present Wash. Gas 6s B—$200 at 102, 40 100% 99% CMSP&Pac 2d 5303 : ill e e i < Wash. Gas 65 A—$500 at 10113, $200 at v 3 s tually lead to financial inde- leases, amount to over 4.3 times the interest requirements on the general mortgage bonds. 10115, $300 at 101%5. ’ Pers 2 d Start hil SINKING FUND: The Ind i i ) ¢ . w78, i 4 pendence. art now while I¢ : The Indenture provides for an annual sinking fund of $25,000. w:ih{w( & E. 45—$1,000 at 8014, $1,000 | Peru s, .. 0 you have a steady income. payable in equal semi-annual installments beginning January 1, 1931. esct. Co—5 at 75, 90 at 75, 10 | Poland s (rota). yi i i . . - Cap. Tragt. Co—5 at 15, bl b 4 Come in and let us explain Price 100 and accrued interest to yield 615% - l’o‘é,t E’llst'c.sgt;‘p}%v—lslgcvuz, 5 at 112, | Queensland about our systematic plan. Descriptive Circul uest 915 F St. N.W. Lo Gl 0 5 at 112, 10 at 112, 15 at 112, 10 at guetnlllnd 25 105% 108% G/LLeT & Co. hinelbe Un 7: 9 90%, gy Pnlt.l?fllec. 51,9 pfd—5 at 1041, 5 at [ Rhine Wst EP i BANKERS LIGHT & REDWOOD STS. 10414, 5 at 104, 10 at 104, 3 at 104, Phine Wst E BALTIMORE, MD. 2 at 10 RhineWst EP Mackuhin, Goodrich & Co. ‘ Telaphone Plesa 9060 4. Wash. R. & E. pfd—10 at 9413, 10 at | Rio de Janeri 2 9. Chi& W Ind cn 4s. . 94, 10 at 93%, 10 at 93% Riode Jan 821 C&WI16%s62 Established 1899 WASHINGTON, D. €. PHILADELPHIA, PA. WILLIAMSPORT, P'A. B ANIKERS RICHMOND, VA. BIRMINGHAM, ALA. 334 Comi. Natl Bk.—10 at 258, 10 at 258. [ Rlo Grdo Sul 1 73 | Colo & Sou 4%s. Liberty Natl. Bk,—10 at 225, Rio Gr Do Sul 14 106% 105% Cuba Nor 514‘2 ots Riggs Natl, Bk—10 at 545, 3 at 547, 10 | Rome 634s. > 32 83% &3k Cuba R R 7% at 550; Sao Paulo$s193¢.. 3 flsen Sec. & Tr. Co—8 at 450, 1 at S20 Paula 1380, ... 20 Zh gg% Dl ?xun.;’edvlfl . - eine 5 108! Union Trust Co—20 at 315. Shinyetsu 634s 5o ae Sec. Savigs & Coml. Natl. Bk—~20 at | Sotsso ki 00. 500. 8 42 103% 10 Chevy Chase Dairy ptd—5 at 107, s o Col. Sand & Gravel pfd—5 at 80, Swiss 534819 Coml. Nat. Co. pfd.—10 at 101%, ¥7|Swiss Conted 8s. ... 30 107% 107% CEUU Toho El Pow 7s, Fed. Storage pfd.— 13 Tolslo 68....... Lanston Monotype—10 at 120, 10 at 118. TokloBe 2. Merch. i, e 2tee, e L 143 |Utd Kingm 3e 2 Merch. Tfr. e. pld— : ot | Uruguay 6s 1961 5 Gi 1 5% Mergenthaler Linotype—S5 at 100, 70 at | gryguay 8, " 30 xnn’; lm 95 u::'finlkl:ll:: 45 100, 100 at 1004, 10 at 1004, 20 at | vienna 6s '52. 9 8315 83l Grand Trunk 100%, 110 at 101, 20 at 101. Yokohama 6 31 91 91 Peoples Drug Str. pfd—10 at 100, 15 ¢ 10 MISCELLANEOUS, at 100. o Woodward & Lothrop pfd.—10 at 105%. | \y1eghany Cp 6s*44 117 100 99 AFTER CALL. :ue:n-‘-gl ‘H: . 96 lgg l" Hud&Man ref 6 . Co—20 at 76 mAgriChem 105 105 eAssociate Members mr??:ct. SO 2t TPt 430, 10 at | Am Beet Sug 6a 35.. 82 82 Il Cent 4% s L i m T R N AmChmingsas...c | oon Bl 0 N York Curb Exch ward & Lothrop pfd.— %. . %Vx?,"a‘f, e mn Am Int Cor 6%8 45,361 102 101 Sl SHEngs C. & P. Tel. of Va. 55—$1,000 at 100, | Am Chem 5%s cv 49157 103 $5,000 at 100. AmNatGas 6%843. 13 71 70% Pot. Elec. 6% pfd—>5 at 112, AmSmit&R1stbs. 63 ¥9 99 Wash. Gas 6s B—$1,000 at 10215, $500 | Am Sugar Ret 6; 5103 103 at 10115, $1,000 at 10155, $5,000 at | Am T&T cv 4% 160 135 Int RysC A 5872 10155, $700 at 10155, $300 at 101%. | Am T & T el tr by 100% 100 Int RysCA 8361 Wash. Gas 6s A—$500 at 101, $500 at (Am T & T s £ 6s. 100% 100 Int RysCA 6% 101, Am Tel & Tel 6 103% 103 1 Kansas City 8 b: . : Am Water Wka bs.. 21 100% 99 Bid and Asked Prices. Am Wets Pap R Kan City Term Aromur&Cod % 87% 86 Lent val BONDS. ‘Armour Del 6% Bi% Bi% B4 |Long 1s a8t oo PUBLIC UTILITY. 16 102 101 10 u 93y 1% 10 0 mer, Tel, e : ‘Atlantic Refin b 100% 100 Firel : 5 BOURTI00% Pot . 58 &) eee K ndeuta ' ot 5 2 % |penTeipaten 1038 103 Markor St 1a 40 M C. & P. Tel. ot Va. 100 Bethlehm Stl pm b3 M EIRy &L Chpital Traction K, 91 | BotnSteel st s y & L 63 61. givital’ Traction R B. St et oo 311l El Ry&Lt 4%s ; s st G, S| o mteat g bR 104 | M StP&SSM cn ds.. Bethleher. Lteel 63 1043 103% MStP&SSM5s3sgtd. Canteiom neruB-mue o af~ 2 2 A COMPLETE INVESTMENT SERVICE Members New York Stock Exchange Baltimore Stock Exchange =9 B R 9 S = 3 3 Nwowl aa whems Private wires and telephones to principal markets © 1508 H STREET " 311 EAST REDWOOD STREET WASHINGTON, D. C. BALTIMORE, MD. < | . U~a(Y L] BOWLING GREEN TENNESSEE E 135 . Bklyn Edison 68,... 5 102% 102 : sh. Balto_ & Ani +;++ | Bush Term Bldg bs. 9 5 Rington: CGus’ 58 198 | Chile Copper 6s.... Gas €5, se 154y, | Colon Ofl 68°38. Col G&EI b3 May 63 National Savings & Trust Co. 63d Oldest Savings Institution in the District of Columbia Year Cor. 15th and New York Ave. e T ] Barber & Ross, Inc., 8l4s. 2 96 A . -Vanbl! 6% 70 ceves O v Datry %) % Mo Pac6s ¥ 17...., 62 Chevy Chase Club 100 . Mo Pac 58 G 78, . 29 Eglc.’:"?‘l:eéll:[('l, . Mo Pac 5%s 49 evt. 185 .M. VSR R o L2 ey 'l T’s Just Plain Duty Look To The South For Manufacturing Economies PUBLIC . Tel. & Feltn C 4 Sl g g Lory ; 9 —to yourself and dependents to make ample pro- 99% of the nation’s cotton, sulphur, and phosphate; 999 of its asphalt N. & W Steamboil 4 112 | o £ C 5 vision for “rainy days.” Few of us escape them A B % 3 el L Cen L cl 3%, : entirely. o8 E and 66% of its petroleum now comes from the South. Industry is Fisk Rub 88, & SLL deb ¢a. 1 Tonnan on . |Gen Cable 538 41 &S onan { Start the good work THIS PAYDAY by open- turning to this historically old but economically new area. [+ é TONAL BANK. Gen Mot Ac Cor 9 C&StLEsA. . . . 1 & s |Goodrich 638 F . ing an interest-earning account at this strong, old . s 50 |10 gy e 8 AL bank. Our facilities are entirely at your disposal. The 6o Kentucky-Tennessee-Indiana communities served by the Asso- NH&Hart clt 6s r ‘ 0 . R ) . NYNH&Iev dbos 54 1 e Depasits Open Until Err ciated Gas and Electric System are within easy reach of large supplies REAd © : ":lf::“' 5:30 P.M. "'::;‘fs:r';::" ‘ of cotton, lumber, agricultural products, coal and oil. And within a ugenve. '3 70 i Amount Oct. 31st & Nov. Ist “Necounts 600 mile radius lie the great Central States markets. ORETCERS: P ——_— Manufacturing costs here are at a minimum . . . taxes, land values, WILLIAM D. HOOVER, President. WOODBURY BLAIR, 1st V. Pres. Obalpi Btate and wage scales are lower. Living conditions are better. Transportation L ' Washiingten TRUST COMPANY, inter Paper 8. American Security & Trust Co. 430, Int Tel&Teleg 4% Nierchants. Bank ... 1i Int Tel&Tel ¢34 National Savings 3 KanCity P& L Union Trust, .. . 315 KanG & E 6863 Washington Loan' & Trist LiaokSWEIBLYS cnl ool Laclede G 5%48 53. . . . Lautaro Nitrate 6s. Ligget&Myers 6a51 Liggett & Myers 78 Lo FRANK W. STONE, 2nd V. Pres. FRANK STETSON, Trust Officer. L. Ogden&Lake Ch 4 CHAS. C. LAMBORN, Treasurer. L, routes are less crowded. gr:!v!‘r’wr;t;:;t‘c E. PERCIVAL WILSON, Secretary. VILLIAM b, HOOVER sk ifosard ikt N TumER A s RI 4 GiuibEKoPER Dun'ng 1928, the increase in electrical output was 13%, in the terri- Pa Ohlo & Det 4% 9 o BRUCE BAIRD, Tr. Officer ALK i " Tr. Officer. ; HE FRas 3 ! y y y St . i HIES PARDOE. Al Trea ERAN ToNE sory served by the Associated System compared with 6% in this section JOHN M. BOTELER, 8 1L B. WILLARD SORNN, BoTEYE At S WILLIAM B LA as a whole. Here industry finds uninterrupted electric power at attrac. tive rate schedules. Capital ‘& P REE GG o7 & Surplue For opportunities in this territory write to our Industrial Department. Reading ren ¢%s A 10 ReadingJ C 1 1 i - sk - Associated Gas and Electric System 62 1024 1024 4 . 96 9 ; ! Y 5 1041 104% 104 3 W | : Public service to 5,300,000 people in 26 States, the Philippine Islands, and Cangdian Maritime Provinces. Firemens . National Uhlon "1:0 TITLE INSURANCE. lumbia Title. ... Sou"Estute Titie: Radiator 63 NewEngland » @ e SuhoaSnlacoaenanci8tra-Itexeonian - arber & Ross, Inc.. som. o] airs pia o muo oRame «Federal-American Co ' com, ederal American pfd . .. Monotype ... ats; Trans Merchants' Trans Mergenthaler Linotype 2 o Seukcu 4 49% 49y 49 2103 108 108 13 102 $02 102 “ 3 v ——— —— — - e o pa——