Evening Star Newspaper, November 6, 1929, Page 13

FINANCIAL. WASHINGTON, ‘D. ¢, WEDNESDAY, NOVEMBER 6, 1929. FINANCIAL. 'BONDS IRREGLULAR THE EVENING STAR, = R:nlv: by Private Office = Wire Direct to The Star CAMPAIGN PUSHED ¢ Hiy b ol T BY LEMUEL F. PARTON. GERMAN BONDS AND STOCKS. id. Asked. Ger Gov Red Loan with draw- ks was evidence of & somewhat intensified campaign to keep goods moving ana money circulating as a corrective for possible business reaction following the oé?‘ é’;.’j ‘}{“h'“ per ‘2?.;',‘.,3{ 50.00 €100 h. e ai m,{ck e:h:n::.nl;m of the General Motors | {gin 7;{3 s r‘- m_n n“lh'on"&?::k:q'w Acceptance Corporation ' to officlal | Hambure 4%s fol T Equitable Co-operative Bldg. Ass'n Y EDSON, President WALTER S. PRATT, Jr., Secretary IO essanee’ 178 49th YEAR COMPLETED UNITED STATES. Assets . $5,675,899.10 Surplus & Profits. .$1,695,894,08 (Sales are in $1.000) North Am Edl German Gen Elect 4’25 1919 INAGTIVE MARKET High-Grade Rail and Public Utility Sections Show Advances. Special Dispatch to The Star. NEW YORK, November 6.—Today's bond market was an undecided affair, with forced liquidation sending some prices down, while investment buying caused others to rise. It did not differ greatly, however, from recent sessions, in that tbe convertibles reflected the stock market tendency of their com- lementary _stocks, while investment ues, generally speaking, were strong. | The advances were most numerous in the high-grade railroad and public utility sections. Atchison General 4s were up a_point and St. Louis, San Fran A 4s and Unlon Pacific 4s (1968) fractionally higher, Youngs- toym* Sheet ‘& 'Tube ‘55, Standard Oil of, Ji 5s, Duquesne Light 41.s, E big 58 and Consolidated Gas S | iy wved. 10 the foreiga German, French and Belgian descrip- tions wefé higher. Brazilian bonds did nat/ thie drastic reduction report- ed h ssues in Lordon. Elséwhere neither gains nor losses were noteworthy, with the exception of a ump of 3 points in International Mageh 55 and a drop of 11, points in 6s to a new low for the vear. The additional issue of $10,000,000 of City of Chicago tax-anticipation notes offered today is on a slightly better basis to the borrower than previous offerings this year. The notes come at a time when there is a large demand for short-term municipals and their marketing also_has been helped by the reduction in the rediscount rate since the last issue and a permanently changed situation regarding the money outlook. QUIGLEY ASKS DIVORCE. DENVER, November 6 (#).—AlIl pos- sibility of a reconciliation between William Bryan Quigley, New York and Denver lawyer, and his wife, Mrs. Vir- ginia Coxe Quigley, appeared blasted to- day by action of Quigley in filing an answer to charges of his wife in a re- cent divorce suit. Quigley still is in a hospital as the result of his self-inflicted wound and almost daily is visited by Mrs. Quigley. ‘These visits caused a belief there might ‘be a patching up of the marital rift, but the court answer in the suit is taken as an indication that reconciliation is not probable. In addition to' the divorce action, Quigley is defendant in a $50,000 aliena- tion of affections sult filed several months ago by the husband of Mrs. Marfe Kunkle, former Princess Marie Alimova of Russia. Gun-Laden Bandits Arrested. KOVNO, Lithuania, November 6 (P). —Four revolvers, six bombs and an in- fernal machine were said yesterday to have been found in possession of two subversive agents arrested in a village near Vilna.. Police said the men planned t6 blow up the military club and secret service offices here. The in- fernal machine was exploded as the ar- rests were being made, but did no damage. t° Japanese, ‘Ttalian, Sales. Lib3%s... 313 Liblst4}s 34 Lib4th 43%s 68 US4s1944. 11 US4yss2. ArgentineBs...... Argentine 6sJu §9.. Argentine 6s Oct 59 Argentine May "61.. Argentine 6%s'6: Argentl, Argenti) Austrail AustraMa 6s 1955. . Australia 68 1957 Austria 7s. Belgium 6s. Belgium 6%s. Belgium 78 1956, Belgium 7343 Belgium 8s. Bolivia 7s ct '69. Bolivia 8s Bordeaux 6s. Brazil 6151926, Brazil 6%s 1927, Brazil 78..... Bremen State i Canada 6s 1931, Chile 6560, Chile 6s'61. Colombia 6s Ja Con Pow Japan 7s.. Copenhagen bs ct, Cuba 6%s..... Czecho 8s 1951. Czecho 88 19532. Danish Munic 8s A. Danish Munic 83 B. Denmark 434s...... Denmark 51 s '56 Denmark 6s....... DEI5%sNov 63 Dutch East I 6s 6: El Salvador 88 48 Finland 6%s. Finland s f 6545, Finland 7s. .. Framerican 7% French 7s.. French 7%s, German Bank German E1 P 6 Yy 1% Irish Free State 58.. Italy 78 ceresen 15 Ttallan Pub S 7s, Japane; Japanese 614s. Kreuger&To!l bs ct.263 Lyons 6s. e Marsellle 6s Mex 451904 Mexico 45 10 a: Milan 63s.. Montevideo 7s. .. Netherlands 6s 72 New So Wales 578 New So Wi Nord 6%s...... Norway 531963 Paris Orleans & Paris-Ly-Med Paris-Ly-Med Peru 63 1960 Poland 7s (rets) Poland 8s. Prague 7%s, Queensland 6s. D Queensland Washington: Stock Exchange SALES. Capital Traction 55—$500 at 90. Pot. Elec. cons. 55—$2,000 at 9715 Pot. Elec. 6s 1953—$1,000 at 107. Wash. Gas 64 ‘A=+$500 at 1001, $400 at 100, $3,000 at 100, $1,000 at 100. Wash. Gas 6s B—$2,000 at 10075, 500 at 1007, $1,000 at 1007, $100 at 100%, $100 at 101, ‘Wash. R. & E. 45—$3,000 at 804, $2,000 o at 80%. a) Tract. Co—10 at 80%, 10 at 80, 10 at 80, 10 at ag ‘Wash. R: & E. pfd—5 at 94. Coml. Natl. Bk—30 at 258, 5 at 258. Natl. Savings & Tr. Co—S5 at 525, 4 at 525. Col. Sand & Gravel pfd.—8 at 8112, 5 : at 86. . Storage Co.—3 at 120, ton Monotype—35 at 115, 1 at 116. Mergenthaler Linotype—2 at 103, 2 at 3 Natl. M. & Guar. pfd—50 at 3%. curity Stge.—b5 at 115. . M. & Guar. pfd—130 at 7%. AFTER CALL. ash. Gas Lt—10 at 100. costia & Pot. guar. 5s—$1,000 at 913,. ‘UNLISTED DEPARTMENT. Chapin Sacks 8% pfd.—10 at 100. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga. 4145 " . Tel. & Tel. ctl. tr. 55 . R. R. 55 RIA. .98 . 101 0% 100 90 80 9 Wash. ‘Wash. G: eries B. Wash. Ruwy. & Elec, 4 3 MISCELLANEOUS. rber & Ross, Inc., 6 am.-Vanblt. Hotel 61 100 sthut Farm Dairy 6'es 107% 98" 100 100" , Balto..& Annap + Balto, & Annap. NATIONAL iond : ¥ L 210 tonal Bank ‘of Washington. 29 TRUST COMPANY. derican Security & 1 tinentalTrust Ibn Trust ....... hington Loan & Trist BAVINGS BANK. k of Bethesda... mercial & Sas Washington. mac i urity Savings & Street...... American Cercoran Firemen's " Natonal Upion' 111110000 : TITLE INSURANCE. Colymbia Title . AT Real Estate Title. " Title & Inv. of Md. com. Wash. Cons. Title vfd.. MISCELLANEOUS. ber & Ross. Inc., com evy Chase Dairy pfd. .. lumbia Sand & Gravei 1 1d Nat'l Co. pfd B Cic P DIa, ... jstrict National Securiiies pfd. jeral Storage prd . o ral-American nston Monotype. . erchants’ Transfer & Stg. 13 rchants’ Trans & Stor. pfd. rgenthaler Linotype 102 Sopies. Drus’ Stores b es Dr 3 a1 Est. Mige, & Gua urity Storage... . rminal . & Whe. Co Corp. w:".:.*'.... Rhine Wst EP 6s'! Phine Wi EP6s 6 Wst EP 7s 50 Sao Paulo 85 1936, Sao Paulo 1950. Serbs Crot Slo Shinyetsu 6348 [} Swiss 5% 81946 Swiss Confed 8s... Toho El Pow 7s Toklo bs.... Toklo 53%51961. .., Utd Kingm 6%s 87, Uruguay 6s 1960. Uruguay 8s. Vienna 6s°6 Warsaw 7s ‘52 Yokohama 6: Abram&Straus 6%s Am Beet Sug 6s 35. Alleghany Cp 68 *44 Alleghany 65 49 wi. Am Chain 6s'33 Am Cotton Of1 5 Am Int Cor 5%s Aromur&Co414s39. Armour Del 63%s. .. Assoclated Ol1 6s... A1 Gulf 68 69 Atlantic Refin 5 Bell Tel Pabs B Bell Tel Pa bs C, Bethlehm Stl pm b8 Beth Steel rf 6s. Beth Steel 5348 63 Bethlehem Steel 63 Bklyn Edison bs. Chile Copper b: Colon Of] 6s'38. Col G&E1 53 May 62 Com Invest 5148 *49 Con Coal Md bs. ConGas N Y 6%s. Consumars Pow 6 Cuba Cane 8s...,.,. Den Gasbs... Det Edlison 65 40, Det Edison 63 Dodge 6s. Duquesne 4348 67 East Cuba Sug %8 sk Rub 8s. ., | Gen Cable 6% s 41 Gen Mot Ac Cor 6 Goodrich 6%s. .., Goodyear bs roti Humble Of] 5s. HumbleO& R§ 11l Bell Tel bs 111 Steel 43 Inland Stl 4%s 7. Intl Cement 6848, .. Intl Match 6s 47.., Int Mer Mar 6s. Int Paper 65 Inter Paper Int Tel&Teleg 4% . Int Tel&Tel 448 cv KanG & E 6s 62 Lackawa Stl bs. Laclede 5s. Laclede G § Lautaro Nitra Ligget&Myer: Liggett & Myers 7s Lorillard (P) Lou Gas & El bs 53, Manati Sugar 7%s. McCormck ER 68°34 Midvale Steel 6s... . Montana Pow 6s 43 Montana Pw deb 53 Mor's&Co 18t 4% Nat Dairy 6%s. Nat Radlator 6 %! NewEngland Tel 6 8 11112 FOREIGN. Sales. High. High. 9829 99 21 9925 9922 0710 10710 107 10 . Low. B9%, 89N 98 974 Belgium 7s 1956... £63 106 36 115 1024 107% 844 88% 93% 101 108% 23 I 11 96% 94% ol - 52 101% 93% 16 997% 2 100 4 10% 21 10% .10 844 14 99y 10 103% 5 89% 3 89 4 100% 17 95% 42 F9y 12 104% 104% 3 102% 102% 12 109% 18 99% 2 22 88% 53 90 1 100 16 80 2 99 9 70 2% MISCELLANEOUS. 30 101% 101 2 82% 50 101 Am Water Wks bs.. 3 o2 B Certain-Td 6%s rete 28 Y1 193 136% 104% 2% 11112 11112 Close. - 105 1104 No Am Ed 6%s Nor Ohto Tr&L Paramount 63 1947, Pathe Exchange 7s. 12 Phila & Read 6849 102 Philips Petro5%s. 72 Postal Tel & C5%s Pressed Stl Car b Pub Ser 43%s. Punta Alegre RemingtonAr 6s 32, Rem Rnd 5%s war. Richfield O1l 65 '44. Stnclatr O11 Sinclair O11 6 Sinclair O11 7s. Sinclair Crude 5% Sin Pipe Line bs, 2f Skelly Ol1 6% 5 So Por Rico Sug 7s.. Stand OfI N ¥ 4%4s. Stand O1I N J 46.... Tenn Copper 6s 41. . Tenn Elec Pow 6s 4" 15 Tex Corp cv 65 1944487 Transcontl O] 6%s 20 United Drug 68 63 USRub 1strf b US Rub 7%4s... Utah Pow & Lt 5s. Utilities Powr 5%4s. Vertientes Sug 1s Walworth 638 35 War Quinland 6s *39 Warner Sug 7s 41 West Elec bs. . Westn Union 58 61. Westn Union 6%s. . White Eagle O 5%.. Wick-Spen cv 7 Willys-Ov 6%533.. Wilson & Co 1st 6 Youngstn S & T b RAILROAD. Atch deb 4% 43, AU'& Dan 1st 48 43+ Atl & Dan 2d 45 48.. Atlantic C L 1st 4 Atlantic C L ¢s. Boston & Maine bs. Brooklyn Elev 6%s Buff R & Pitts 4% Bush Term con s, o B o OB EARNNNID MNRND Can Pac bs '44 re Car Clinch & O bs. Car Clin&Ohio 6 Cent of Ga 5sC 69 Cent Pac 4. Cent Pac 1. .o 25 Ches& O cv 4%s. .. 11 Ches&O04%s93A. 17 Ches & O Corpn 6s. 100 Chi B&Q gen 45 53.. 4 CB&Q4%s77B.. 4 CHMRI&P4Ys..,. ChiT H inc 65 60.,, Chi Un Sta bs. L Chi Union Sta 6s 44, 3 Chi Union Sta 6%s. 1 Chi & W Ind cn ds., 23 Den&RioG 43%s36.. 3 DRI0G West bs. ... 35 Det United 4%s 4 EastTenn Va&Gabs 6 Erie conv 4s A 5 Fla East C 5s 74 Fonda J&G 4%s Gr Trunk st db 6; Grand Trunk 7s.. Gt Nor 4% E. Gt Nor bs. Gt Nor 5% Gt Nor gen 7s. Hav El Ry 6s 52 Hud & Man aj b Hud&Man ret 111 Cent 45 62. Il Cent ref 4s. .. Il Cent 4% s 66. Il Cent rf 63 65, Int Rapld Trans 6 Int Rap Tr 68 stpd.. Int Rapid Trans 6 Int & G Nor 1st Int & G Nor adj 68 Int Rys C A 61 72. Int RysCA 6s 41.. Int RysC A 638 rct Iowa Cent 1st b, Secaa 2Bk aoo Kan City Term 4s. Lake Shore 4s 31, Leh1 Valen 4s. LehiVgen 438 Lehigh Valley 6s 20 Loufs&Nash uni 4s. Louis & Nash 5% Louts & Nash 7s, Man Ry 1st 4s 90. Market St 7s 40, Mill El Ry&Lt 4%s Mil El Ry & L 65 61 M StP&SSM cn 4s. MK&T 1st MK&T4s B, Mo Pac 68 A 65. Mo Pac bs F 17 Mont Term ref 5s 41 Mob&O 4%s 77 cts.. Nash Chat&StL 4s. &StLb%s A &StL6%s B. C&StL6sA. Y NH&Hdeb 45’57 NH NH&Hart 4348, NY NH&H cv db 68 NY NH&Hart clt 62 2222222272722 9 103% 104% 98 98 N Special Dispatch to The Star. NEW YORK, November 6.—If the attitude of New York manufacturers and distributers is indicative of that of the rest of the country last week's mar- ket disaster will not materially affect in- stallment selling. On the contrary, there Sales. High. Low. Close. 21" 88 87% 874 1111 o1% 9u Ogden&Lake Ch 74 4 Ore Short L rf ¢ 99% 99% Ore Wash 1st ¢s. 87% 88 Penna gen 4 % 23 9614 974 Penna 4%s 63 98 98 n b 105% 105% T4 1061 106% 101% 101% 100% 100 81 81 101% 103% 106 Penna bs 64. Penna gold 7 Port RL&P Ti4s Reading gen 4%s A | RIArk& L 4%s. StI, IM&S gn b3 31., StL&SFoprin . St L&S F gen 6s 31.. Sou Ry 6%s. S 121 Tex Ark FS6%s50 24 103% Tex & Pac bs B 1977 101 Tex & Pac bs C 7 100% Third Avead) 81 31 Union Pac 1st rf 4 90 90 Union Pag 1sf 93% 93% 93% Union Pao 48 86k 864 86% Virginia Ry 1st 58 103% 103% 103% Wabash 1st bs. 101 101 101 26 101 10! 10U S5 _95% 95% 95% 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. West Md 5%s 77 Money to Loan Secured by first deed of Frevailing mcress and commmismions '* Joseph I Weller 30 Wash L. & Trast First Mortgages Now Available JAMES F. SHEA 643 Louisiana Ave. N.W. Real Estate Investments JAMES Y, PENNEBAKER Nat.5291 1520K St.N.W. No Tsnors March 15 —if you know Income Tax Law and Procedure. Special 24-lesson course for Busy Business Men— taught by a Tax Specialist. Class Begins 5:30 P.M. Tuesday, November 12 STRAYER COLLEGE OF ACCOUNTANCY 721 13th St. Nat'l 1748 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave: N.W. 63rd Issue of Stock Novw. Open * for Subscription Shares of Stock, $1.00 Each Payable Monthly JamesE. Connelly James F. Shea President Secretary —#—_ AMWsADom‘.g MOTELRL HEALTH CLUB The modern business executive watches his health as carefully as he watches his investments, Descriptive Booklet on Request FOURTEENTH AND K STREETS that no change of policy had beeu decided upon and that, so far as the | present situation is concerned, existicg methods of distribution would be con- tinued. It was apparent that the busi- ress community in general was re- acting in much the same fashion as the innumerable small market traders who sought emergency funds to get mn on the rising momentum, ratber than solely for emergency protection. This inquirer could find no instances in which installmert buyers were being unduly pressed for payments and, on the whole, it is indicated that, with the upturn of the market the establishea system of large-scale distribution will not be seriously affected. It was ad- mitted, however, by executives of large mercantile firms that had the market slump reached the actual panic stage widespread retrenchment and tighten- ing up in installment selling might have been necessary. In some cases it was predicted that, even with the pres- ent hopeful outlook, there would be in- creased caution ard generally more conservative methods of financing ana distributing. This was characterized by one merchart as “possibly one or the salutary effects of the market break.” Pawnbrokers reaped a_rich harvest from the market crisis. There were re- ports of interest as high as 175 per cent on loans secured by furniture, jew- els, pictures, heirlooms, automobiles and | every krown kind of collateral. While New York State has a strict usury law, it is frequently evaded by the pay- ment of a “bonus” to the pawnbroker. POTATO MARKET. CHICAGO, November 6 (#).—(United States Department of Agriculture).— Recelpts, 91 cars; on track, 425; total United States shipments, trading just fair, market sin sacked round whites, 3 Minnesota, North and South Dakota sacked round whites, 2.10a2.25; early Ohlo’s, 2.00a2.35; Idaho sacked Russets, 2.6523.00. Ca: 258 Berlin 4s pre-war, o) g;s;;lfo;( 1§‘ln.re-v}lr E ort a-) Te-War Munlch 48" pre-wak. . .s = 3 a i Disconto Gelischaft Berliner Handles Dresdner Bank Deutsche paB8U888Rety | o 8328533338838-5554335! She0B! North German. Lipyd: Austrian A E G (Gen Ei First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Commy Inc. American Capital Envelope Company (Washington’s Own) Phone West 0380 and our representative will call, or send us samples by mail for free quotations. We want to bid on vour envelope requirements. Right price, service and co- operation make your envelope problems easy for you. Good envelopes are just good business. ACE FOR QUALITY AND SERVICE Factory Sales Office Rosslyn, Va. 2146 Pa. Ave. N.W. ‘West 0380-0381 There’s Seasoned Experience —put into the management of property placed in our hands. Our organization is made up of a trained per- sonnel and your interests Natl. 2100 More Than a Third of B. F. Saul Co. are profitably conserved. a Century's Experience 925 Fifteenth Diebold Safes Open Only to You OU can turn the lock on a Diebold I Safe and know that it will never be opened again except by your own hand. For forty years these Burglar-Proof, sturdily constructed Fire - Restrictive Safes have offered the business man, profes- sional man and banker the utmost protec- tion and security for important business documents. their valuables and ‘We are the exclusive representatives for Diebold Safes in Washington. THE W.D. CAMPBELL COMPANY BUSINESS FURNITURE AND EQUIPMENT Decorators of Commercial Interiors 1018 15th Street This House Was Founded 129 Y ears Ago saving.” advice. dest Banking House 737 Fifteenth Investments CONSERVATISM— Security of Principal Our long experience has empha- sized the value of the advice that “The first principle of saving is to be sure of the value of the thing you are Our services in obtaining infor- mation concerning sound invest- ments are at the disposal of investors, small and large, with- out charge for investigation or Alex. Brown & Sons 1506 L Street in the United States Street, N.W. Subscription for the 97th Issue of Stock Being Received SAVE AS YOU EARN E Equitable’s plan of sys- tematic savings encourages 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. $2.50 PER SHARE First Trust Notes Secured on Washington, D. C., Real Estate Interest 6% Semi-Annually Conservative Appraisal Certificate of Title Fire Insurance and careful attention to details Wm. H. Saunders Co. Est. 1887 1433 K St. N.W. District 1015 IN THE NATION’S CAPITAL We Have Prepared a List of Properties Which, In Our Opinion, Represent Fine Opportunities. Below Are Only a Few of Them. GEORGIA AVE. e i, L ooms: Bath ‘Excellen NORTHWEST 2-Story Brick 6 Rooms, Bath Rented $4.50 Mo. Price, $3,750. COLUMBIA ROAD NORTHEAST fio-hngl! Flat Baih kot S Garipes 32-Car Garage fease,” § o Rented, $100 Mo, Price, 335,000, ‘Frice. $10.000. Complete List and Additional Information Upon Request 2% Interest Compounded Twice a Year 1435 K St. N.W. National 2345 Money talks, but speaks briefly. To many it merely bids good-by, to some it says “I've come to stay.” Systematic saving through this Association month by month not only lays the foundation for a successful career, but it develops charac- ter and contentment; it places you in position to be a home owner and a person who com- mands the respect and admiration of your neighbors. One Dollar or more will start your account. COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W. UNDER GOVERNMENT SUPERVISION An Ideal Plan The Metropolitan Life Insurance Real Estate Loan ——Lowest Interest Rates —Long Term —No Renewal Charges Consult WEETBRS 809 15th St. NW. District 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company