Evening Star Newspaper, November 11, 1929, Page 13

FINANCIAL. BONDS ARE FEHER | [ox o vonx BONDS oce e [ IN HEAVY TRADING M§rket Shows Strong Un- dertone, With Leading Is- £< sues in Demand. Bpecial Dispatch to The Star. YORK, November 11.— The bonid -market gave evidence today of having turned the corner, for the ad- outnumbered the losses, espe- dlw in sound investment issues. ng was fairly heavy and it was tent that were it not for a certain amt of selling still occasioned by stoek market conditions the advances would have been general. As it was, offerings were mostly in speculative and foreign issues affected by some develop- ment outside of the market. Convertible descriptions were 2 to points lower at the opening. Their movements, however, linked as they are so closely with the stock market, were no indication of what the bond market was doing. Prime railroad obligations were heav- ily bought at rising prices. Atchison General 4s were up nearly & point and | canada 6s 1031, Southern Pacific 4158 With Warrants, | canaqn o 1952 Union Pacific 4s (1968), Central Pa- cific 55 and Texas & Pacific 55 were fractionally higher. Other high-grade issues that were | Colombia 68 Jan '61 Con Pow Japan 7s.. 22 97 up included Youngstown Sheet & be 5s, Standard Oil of .New York 4%s, Standard Oil of New Jersey 4s, Philadelphia Co. 5s, Columbia Gas 55 | Czecho 8s 1951 (May, 1925), Utah Power & Light 5s | Czecho 8a 1952 Danish Munic 8s A. Danish Munic Denmark 414 Denmark 6s. . DRI 5%s Mch 53 Hudson-Manhattan re- (D E15%s Nov 63, Dutch Fast 1 6347, Dutch East I 65 62.. El Salvador 8s 48... Fiat 7s x war 46, Finland 6% Finland a £ 6845 and Consolidated Gas 5158. Elsewhere in the list there was a greater degree of irregularity. Dodge Brothers 6s again touched a new low for the year at 9215, but recovered fractionally. tundlrg 5s were 1!, points higher. So were Brooklyn-Manhattan Transit 6s. Colon Oil 8s were down over 2}5 points and at & new low for the year. Humble Oil 51s were fractionally lower. Reverberations of political troubles in Colombia were no doubt responsible for the drop of 3!; points in Colombia 6s 10 & new low price for the year. Washington siock Exbhange SALES. Washington Gas 6s A—$100 at 100, $1,000 at 100, $1,000 at 100, $500 at 100, $1,000 at 100, $100 at 100%4. ‘Washington Gas 6s B—$200 at 101% w-nhlnx!on Rwy. & Elec. 45—81,000 at Caplm Traction Co.—10 at 79, 5 at 79, 10 at 79Y;. Potomac Electric 515% pfd.—b at 103,5 at 103, 5 at 103%;. Commercial National Bank—30 at 268, Liberty National Bank—10 at 215. Becurity Savings & Commercial Bank— 10 lt 465, mmercial National Co. pfd.—20 at lOl%.hfiulC lDlVAE t 103%, 10 Linotype—5- af 4 at 103, 10 at 102%. National Mtge. & Inv. pfd.—40 at 3%. les Drug Stores pfd.—10 at 108. Estate Mtge. & Guar. pfd.—150 at 7Y, 10 at 7 1 AFTER CALL. ' Pnunm Blectrlc 5%4% ptd—2at103%. mmu Stores pl—15 at 108, Electric Cons. 55—$2,000 at 98. wy. & Elec. ptd—5 at 95. Uombh Smd & Gravel pfd—2 at 36. ‘Bid and Asked Prices. BONDS. PUBLIC UTILITY. l’- ., C . Title STOCKS. PIIILW OTILITY. Tel, & Tels Sibital Traction ington G UNITED STATES. - . Low. Close. Lib 4th 4 Argentine Argentine Austraiia 4 Belgium 7s Belginm 7s Bolivia 85 Brazil 6%4s Brazil 7s. Bremen Sta Lynn- 8. . Marsetlle - 4 Mexico 4s 10 asnt. . 11 New So Wales b7s. . sx New So Wales 58 6 Nord 6%s. . Norway 53 1968.... Norway 5s. Norway 6s1943..., Norway 6s 1944.... Norway 6148 1952., 19 102 Orlent dev 5148 68.. ParisOrleans 6%s. 10 96% 96'% 964 Paris-Ly-Med 6: Paris-Ly-Med 7s. Poland 6s 40. Poland 7s (rets). Poland 8s. . Porto Alegre Qn‘enlllnfl Rio Gr Do Sul 8. Rome 634 Shinyetsu 6% Solllonl Swiss Conted Toho El Pow Tokio b Tokio Utd Kingm sv.s Uruguay 6s 1960, Uruguay Vienna 6s Abram&Straus Alleghany Cp 68’44 65 100% 99 99 Alleghany 55 49 wi. 76 99% 99° 99 AmAgriChem 73 3 e SEEERE: g TRUST COMPANY. eridan Sesurity & Trust Co. 428, Continantal pLrust ank of Bethesda Con-mereial & ast Washi Vashington al Estate tie ‘& Inv. of M ash. Cons. ech. Mtge, Wosdwara & Yotnras pm GERMAN BONDE AND STOCKS. Gov Red L ilaane oan w Elll attached per 100 H M 59.00 61.00 Fea foun wiout o" m. s 1,000 R M. 24.00 17.00 ted 1o dollars per miliion marks ), bure 4%s 1515 35.00 45.00 ted in dollars per thousand marks.) Gen Elect 4%s pre-war 24002400 Gen Ele: 919 109 33.00 $3.00 2 8! (German Gen Elec) (Ger Gen Elec) »{d B! I3 and Privat Bank n. Ge 22258328 z‘c'::%sg'ag':s 2 oo oRwesSSERE! $328388888583 Bis! Atlantic Refin bs Bell Tel Pa bs C. 1104 104 104 Hethlehm Stlpm 68 21 100 99 99 Beth Steel 6%863., 39 105 Bethlehem Steel 6. 23 104% 104% 1044 | Int Rapid Trans 6; Bush Term Bldg 6s. 5 Certain-Td 5%s rcta 18 864 69 Col G&EI 68 Mny 62 66 9% Com Invest 6%s 49 70 85 a Title, e Com Invest 6348 92 . . Con Coal Md 6s. 7 7L 69% 71 i ”: ConGasN Y b6%m.. 40 105% 1044 1054 Consum Det Edison Dodge 6s. . Donner Steel Duquesne 43 Fisk Rub § Gen Cable 6% Gen Mot Ac Cor 6: Goodrich 6%s. Goodyear bs rets. Hoe & Co 6% Humble O11 llumhloOlRB*l 50 100% 100% 100% | M K & T pr In 111 Bell Tel bs. 111 Steel 4%s 40. ... 984 98 9 Inland Stl 4 Intl Cement 6348 Lib 1st 438 Argentine 58, Argentine 6sJu Argentine May Argentine 68 A. Bank of Chile 6% Belgium 6s. Belgium 6% s Bolivia Ts ct '89. . Bordeaux 6s eceived by Private Wire Direct to The Star Office (Sales II:' n ll.ml 105% 106% 109% 109% North Am Eq: 98 984 No Am Ed 5% 102 1014 Nor Ohto Tr&L 974 96 100% 9944 1034 102% 0928 9910 9910 9912 9912 107 24 10724 11120 11120 FOREIGN. Sales. High. Low, Close. 11° 90 90 80 s Got 102% 101% 98U 974 ba -4 Phila & Read 954 92 sB..... Philftps Petro 6% 89 874 Hate... »# | Por Rio Am Tob 92 Y0% 93n 93 80 784 1504 150% 65 64 Postal Tel & C 6 Pressed Stl Car 5 Pub Ser 4148 Punta Alesreds... 13 65 . | RemingtonAr 68 32, o 52 99% 9% 99%| It RnA 51w war, 90% VR 100 | Richfield O 6s"44.. 8 98 64 105% 105% 106% | Sinclair O11 6 99 20 115 114% 115 filnclnlrg:’l;w 3 lfl:;% 2 u7 Sinclair 32195 1900 195% | Sineintr Crude 6% 9314 Sin Pipe Line 6 26 91% Skelly O11 6%, £74% So Por Rico Sug 104 104 +101% 100% 10214 1024 101% 101%_101% 95% 95 95 o34 93 a3 103% 103% 108% 100% 9914 100% 1955 1966 1927 te 1! 23 99 ¥9 36 101% 101 8 88 884 83y 10 89 8Sw 89 12 100'4 mo 100 Stand ONI N Y 4% s. Tenn Copper 6s 41.. 3 Tenn Elec Pow Tex Corp ev 68 1 Transcontl Ol 6%8 United Drug Utllities Powr w.- War Quinland “»'39 Warner Sug 7s 41 West Elec bs. 102% 102 1024 101% 101% 1014 9 9 | westn Unton 58 1013 101% 1014 8 102% 102% 102% Westn Unfon 63%s.. 12 1081 1081 108Y% 1 101% 101 101 wmurnm.oau. 9815 08l 98 1 10115 10114 101 | Wick-Spen cv 7s. .. 1 4 30 304 6 1017% 101% 101% | willy 0v6%l 9% 99% 994 2 101% 101% 101% | wilson & Co 1t 6s. 23 97% 97 974 4107107 107 | youngstnS&T6s. b6 1004 100 100 . 38 8 8w 8 RAILROAD. 4« 8 84 85 3 5 874 87% 7% | Ann Arbor 4s. 6 74% AW Tak 00% 101 o 9 w 76 109% 109% 109% | Atch deb 4%s 86 134% 131 131 . 40 114 113% 1134 | Atl & Dan 24 ; :;:fi g:u ;:H s 91 01y .88 87 871 87 6 91% 914 914 veee 86 9T 96% 9TW 6 1001 100% 100% 552000 D.... 16 101 1004 101 + 4 108% 1024 108% 8 105 1074 107% 51024 102 1024 6 85% B&OGold B&Oecv4 95% elB&orts 12 914 91N 9IM g 24 o3k osu 3k o 894 ve% 99% ceven 19 3 £3% 99% | Bush Term con 58 914 Can Nat41%s 54 9% S 1001 100 1001 | Can Nat 4145 57 0 92 9 95% 95% 961 |Can Nat4i4s 68 1% 914 15 100% 100 100% | Can Nor 6% 1115 115 4 101% 101% 1014 3 1094 109 56 102 101% 102 U B, B 99% 99% 2 99%° 984 99W 9 6% 86 6% 13 101% 1018 101% 4 99% 99 99% . 14 100% 100 1004 |Cent Pacds........ 18 90k 87%4 90% 18 101% 101% 101%|Can Pac 6s'44 fots. 21 102 100 120 941, |Ches& O Corpnbs. 28 97 964 964 1 1104 110% 110% Ches&Ocv4is... 6 99% 994 994 7 Ches&Opgend%s.., 1 98 96 96 Ches & O4%s93 A. 16 95 94% 94% 6 62%4 621 62k 12 914 9k 91k : 99% 99% 99U § 1020 102 6 103% 103% 108'5 4 1 1 o83% 831 834 21 994 98 18 3oy ey 9 85 85 5 21 64% 63 64y CM&StPGen89., 10 8215 8214 8244 100 | ChiM&StPA%sCs9. 37 94 93 4 CMSP&Pac adiss0d 200 69% 68 NW zen ds,.; 25 874 878 4 69% 6916 69% | Chi & NW 75,4.... Yoy Dl £ 0 s 18:100% 10018 100% MU 94K 9% - 68 N a9 7% 9T 5 93% 93K 934 |ChiTH 2 104% 104% 104% | Ght Un Stas 12 90w oom som ol 3;2 B o Chi Union 102 Chi& Windcnds.. 16 6% 86 7 864 864 86%|C&WIS 19 1024 105% 103 7100 100 100 3 93 9TM 9% 20 101 100% 100% 2 B9% 89W 89w 5 108% 103% 103% 2 107% 107% 107% Rosisasef 8 HOR s [ 1 101% 100% | Cuba RR1%s...c0 8 95 95 8" 168 98% 95 954 |Cuba Norbksects.. 18 704 79% 794 4105 105 105 3 13°101 100% 100% 91 CStP &0 11 107% la1w 1079. Clev Term 5s. 28 98% 98 98% | Clev Term 514 % 73% 73% | Cul Del & Hud 7s 30 7 83% 83 &g 3 Ton fow foMIDena& RioGen 4k 91 . 6 93% 93% 93y | DRI0G West 5 90% 88 88 EastTenn Va&Ga b8 10 SCELLANEOUS. Erie 1st cons ¢s, 10 lol": lg?; ‘g?:: s 12 100% 100 100% | Erie conv 4s A 41 80 9% 89w Erle Gen 4 84 84 114 78M 5 80K 04 80K 10 82 82 82 34 964 95 95% 5 100% 100% 1008 o D 6% 64 64 € 100% 100 Fonda J&G 4%8562. 3 28% 1252 29: .14 103 102% 103 Gr Trunk st db 6 3106 104 103 1028 136 130 130 3 100 108% 108y oo 14 102% 101% 102% Lo ke LY V15 101% 101% 101% 13 1% 10in 1018 106% 19 107 106% 107 PR 22 108% 108~ 108% 18 ‘87w 813 879 | Hav E1Ry bs 62 Hav El Ry 6%s Hocking Vi 12 105 105 105 3 984% 9814 984 | Erlecv6s 67, 95 |Erieconv Ex 7 Fla East C 68 74 1 69 69 69 5 100% 100% 100% « 18 1031 102% 108% 104% 105 |Int RysC A 6s73. 27 4% Td% 5 68k 61 Int Rap Tr 68 stpd.. 27 62 Int Rapid Trans Iat Rapid Trans 1 2% 94% 94% | Int & G Nor 1st 3 100% xouu 100% 79% 179% |Int& G Noradj6s6 19 79% 79 9 Int RysC A 6%sret Iowa Cent rf 4 10% Kan City Ft 8 4 Kan City S 3; Kansas City Kan City Term 4s. 4 102% 102% 102% 90 99 102 102 487 4TW 4TW 6 49 4BW b1 804 86V T 99% 0% 90 |LeniVgen 4%sdiii 10 ser st som 7 99 98% 987 ) Lehigh Valley 5520 6 1044 104 1044 15 100 100% 101 Louis&Nash unt 4s. 6 93% 931% 9314 6. 11 106% anM 106% | Louis & Nash 6s B. 3 102% 102 102 91 |Louls& Nash 53s.. 3 103% 103% 103% 102 |Louls & Nash7s.... 3 100% 100% 100% 97% | Man Ry 1st4890... 2 G8% 56 86% | Market St 7s40.... 4 86% !fi‘ :“‘ THE EVENING STAR, WASHINGTON, D. C, Port RL&P 68 42, Port RL P 68 47 Reading gen 438 A 18 Rio G W 1st & | RioG Westcl %I RIArK® L et 8tl, lllbfllnllll. 19 St L&S F gen s 31, StLS Weonds3s.. 13 StLS W bs52.. StP & KCShL ¢ % San A & Arn Pds. Seab AL, 27 SBAL ia 68 35 A Sou Pac elt Sou Pac ref SouPaciys b ww 25 Sou Ry gen Sou Re con Sou Ry Sou Ry l!h Term Asso 8 L ¢ Tex Ark F'S 6 %8 1 Texas & Pacific 1st. Tex & Pac bs B 1971 22 \Vlll MAS%e ... 11 By the Associated Press. NEW YORK, November 11.—The American Bankers' Association Journal says in its monthly review of business conditions, “Numerous constructive ele- ments now enter the business picture. It predicts the return of a good bond market and points out that bullding construction should revive and commer- cial enterprises be stimulated with the huge release of funds from the call loan market. Regarding the stock crash,. it says “the principal damage done by the storm was to tear away the superstructure that had become topheavy through overextended credit.” While the break in the stock market has caused a decline of about half a cent in hide prices and a slowing up of leather buying, the situation has had no serious effect upon the shoe indus- try and retailers are planning for a record Christmas trade. The current issue of the Shoe and Leather Reporter publishes 35 telegrams from leading manufacturers, tanners and others, and, with few exceptions, they look for no serfous results to their industry. TRUSTEED SHARES The IDEAL vestors _who IELD and Sold in_Lots—$100.00 Up Call or Write Standard Collateral MONDAY, NOVEMBER 11, 1929. Complete Investment and Brokerage Service Copy of eur “Fortnightly Review” furnished on request G. M.P. MURPHY & CO. Members New York Stock Exchange 1510 H Street Connecticut at K WASHINGTON Telephone National 9600 New York Philadelphia Richmond Private Wires and Telephones to New York London FIRST MORTGAGES OUT OF SURPLUS YOU .CANBE FINANCJALLY INDEPENDENT Upon what you do with your surplus depends your financial position in the future—whether it is ease and comfort or stress and strain. Invest what you can spare in our 6% FIRST MORTGAGES —and provide for a better in- come without work or worry later on. They are absolutely loss-proof. Over a Third of a Century Without a Loss May be purchased in amounts from $250 up. SAUL CO. 925 15th St. N.W. B..E. National 2100 THERE IS NO SUBSTITUTE FOR SAFETY First Mort.uo Loans. Lowest Fates of Interest and Commission Thomas J. Fisher & Company, Inc. Established 1899 INVEST YOUR FUNDS IN FIRST DEED OF TRUST NOTES consut WELCH Reattors Loan Specialists 15th and New York Ave. (Nat'l Savings & Trust Co. Bids. National 4346 and 4347 Money to Loan S vulling atorest oud "seuma fl.‘u.. Jouph 1. Weller 42, Wash. L. 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 envelope requirements. Right = price, service and co- operation ke your envelope problems easy for you. Good envelopes are just good busin, ACE FOR QUALITY AND SERVICE Factory Sales Office Rosslyn, Va. 2146 Pa. Ave. N.W. ‘West 0380-0381 48% 98% 98% | M1l El Ry & L bs 6 09 2100 99% 99w | Mill EI RySLt 4%: 10 mou 130% 105% 105% | Mil El Ry & L b8 61 5 i 99K 9% 42 42 T ¥1% &% 8% . 64 91 91 91 1 42 6! 17 g 99% 99% 994 101 10¢ IZ '02% 102% 102% | Mo Pacific gen 00 2 Mo Pac 6s A 6 %s 8., ;; 9244 | Mo Pac bs F 7' Intl Match 68 47.... 40 Int Mer Mar 4 46% 45% 45% Int Tel&Teleg 4%, 13 3% 9% 93% A int Tel&Tel ¢%4sev 71 120 126 125 KanG& E6s62. Kan City P Kendall5%s 48 w. 1100 7790 1590 Lackawa Stl [1 5 l7 102% 102 102 i 7 9 35 96% 964 ?l% 6 89 89 4 98 37 105 21 104% 103% 104% 2 1% 1% 1w 10 94% 94t 94 9 106% 106% 106% 4103 103 103 &L6s.. 7102 102 102 2100 100 100 2 99% 98U 984 101% 102 Loew's 68 w 0 war.. Lorillard NY NH&H ev db 128% 126% 80% 804 | NY NH&Hart clt 68 17 106 105 1] 60 100% 100% 100% | N Y State Ry 4 % 86 21 17 21 18 95 94w 94l 14 111 110% 110% 514 14 09% 99 99% ™ 27102% 102% 102% Ore w.-n 1st v 6 88% SR 88 4 1035 101% 101%. P N Y Ediron 6%s. .. 14 111% 1114 1114 Plnnl "A NYG&E HPd¢s,, 1 92% 924 €2% Penna gen that tmn':‘-:'u er repreten at every b ideal’in securities, Known to Man Start Now and Buy OUR FIRST MORTGAGE NOTES Founded 1907 st o R e 1417 K St. National 9300 There Is Real Economy In Our Real Estate Loan Plan Consider: No Renewal Charges Lowest Interest Rates Loans for Fifteen Years WEER RS 809 15th St. NW. Districe 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company The Wealth of a Continent Australia, your leo'n?hy teacher used to tell you, is a continent which lies between the Indian and the Pacific Oceans. It has great natural resources, contains m-ny large and ever-growing c'tiel and has one of the most progres- overnments in the world. Its total wnllh is mow around $8,000,0000,000. Yet the equivalent of the entire wealth of this huge land was wiped out in one disastrous day on the New York Stock Exchange. Between $8,000,000,000 and $9,000,000,000 was automatically erased from the value of 880 stocks listed on the New York Stock Exchange. The wealth of a continent wiped out! Many people suffered irreparable loss on this day—October 29th. Hundreds of thousands of others suffered loss in varying degrees. There was only one class of investors who remained unaf- fected—those who had their money safely placed in sound, mon-fluctuating Securities—such securities as the 6% First Mortgage Notes offered throu the Swartzell, Rheem & Hensey Com- pany. Qur clients have viewed calmly far worse panics in speculative stocks they have gseen the interest on investment returned to them lmdily. unfailingly, since the founding of this company more than sixty years ago— through all the widely varying condi- tions since 1869. In all that time no investor has eyer suffered a penny’s loss. SWARTZELL, RHEEM & HENSEY CoO. MORTGAGE BANKERS 727 15 STREET N.W. FINANCIAL. DI-VER=$I-Fl~-CA~TIGN A roNG worD—but, then, it has 2 mighty big meaning. Diversification is an :ge-old prin- ciple, and when applied to banking, insurance, farming, industry, or fo the investment of money, it is the greatest factor in safety. ‘To secure the safety of diversification, many individuals find in the investment trust a me-. dium for joining forces. The skilled managers of investment trusts are able to spread the combined resources of individuals over an in- vestment list containing securities of the coun- try’s leading industrics. Investment Corporation of North America has shown unusual profits in periods of increasing as well as decreasing security prices. It affords large and small investors a high degree of safety and many other advantages which we shall be glad to explain to you, without obligation. Write, *phone or call at our office for full details pibmdis. OMPAN [was'er.n'r Bankers Telephone National 2000 WOODWARD BLDG. ‘WASHINGTON, D. C. FOR more than forty years the H. L. RUST COMPANY has been making first trust loans on im- proved properties in the District of Columbia and adjacent suburbs of Maryland . . . In- vestors have found the notes SAFE in the, abundance of the security — CONVENI- ENT in their denominations ($250 and up- wards) — PROFITABLE in the highest interest yield consistent with a conservative investment. oo We will gladly tell you more of the six per cent notes now available. LY H. L. Rust Company 1001 15th Street N. W. National 8100 BOTABMNLIERED 1808 After an old lady in Frankfort, Indiana, died leaving a number of valuable business prop- emeu, aniece appeared from Allentown, Penn- lvania, and produced papers indicating that e was the only heir. She sold the property nnd returned homc telling her five brothers and sister that the old lady lcgt practically nothing. When the fraud wasdisclosed, tife “purchasers” of the real estate found that they had bouilit a lively lawsuit. Title insurance would absorbed the loss. W henever you buy or lend on real estate a New York Title policy is always your best policy. CAPITOL TITLE AND GUARANTEE COMPANY 1425 Eye Street, N.W., Washington Baltimore Real Estate Title Company Keyser Building Representing NEW YORK TITLE AND MORTGAGE CoMPANY Capital Funds over 60 million dollars The Largest Title Guaranty Fund in the United States