Evening Star Newspaper, November 13, 1929, Page 13

FINANCIAL ‘S OND PRICES DROP “INFORCEDSELLING Foreign Dollar Obligations Especially Affected by Re- newed Liquidation. &pecial Dispatch to The Star. NEW YORK, November 13.—A re- newed volume of what was evidently forced selling drove bond prices lower again today. The decline affected all elnfim of h}nfls particularly the foreign «dollar descriptions. The m'.lnx:lued liquidation on the stock market has forced individuals and cor- tions to sacrifice their investment oldings in order to avold the wiping away of margin accounts. While in the gn few days this influence had not uched the high-grade bonds, these to- gday were down with the rest. Atchison General 4s were off nearly a int, and Southern Pacific 418 nearly point. St. Louis and San Francisco 4s were off fractionall {{ and Standard Oil of New York 4lgs off 2!5 points. Others o suffer declines were Phlhdclphln c:; P States Rubber t and at a new low for the year. Bros. 8s were down a like amount and also at & new low. Convertible issues -were irregular. ‘While American Telephone & Telegraph and International Telephone 4'¢s opened close to their low prices, both advanced a few points in early trad- % But others of the same class were & point or more, notably American 1. G. Chemical 5l¢s, American In- ternational 51:s and Commercial Invest- ment Trust 6s. The junior issues of the railroads had ‘wide declines. St. Paul adustments were off & point and at a new low for the movement. Chicago Great Western 4s were off a point, Erie general lien 4s down 11 points and Missouri Pacific lbsl off fractionally to a new low for the Seaboard Air Line 6s dropped 1% Ql, ‘The selling of &mlh Am!rkln bonds, R:ucululy those all to the Coffee titute’s financial Lmubln continued. erio 8s sold at their low for mn columm 6s (1961) were off ally. Belgian, German and French bonds were k. AN SEABOARD AIR LINE PLAN APPROVED BY I. C. C. ‘The Interstate Commerce Commission has approved the refinancing g;m of the Seaboard Air Line Railroad Authorization permits Seaboard to +issue not exceeding 2,994,420 shares of al were down & half |, 'I)NI‘YID STATES. (Sales ave In $1.000.) . High. Low. 3:18. et o8 Srue w1de 9% 99 9981 1 910 99 12 104 23 107 20 11120 » 405 1001 15 9914 5 9912 1104 23 11 10720 10 1121 FOREIGN. Sales. High. Low. 04 Y0 91U % 6% 2 964 83% % ll\ L) 2% lol\ mm sm XM 108% 108% 107 107 105% 105% 14 114N unu 107% 1 9 10 9912 104 22 107 20 na 3:15. 90 Argentine l:l..fi 0TI Argentine & Argentine és B Australia 4348 56 Australia 5s 1965 Australia 6s 1957 B2% Belgium 6y 8. Relgium 78 1956, Belzium 7n 195 lelum 748 Belgium 8s. Bolivia 7= et 69 Bolivia §s Bordeaux 6s. Brazil 61 s 1926 Brazil6%s 1927... Brazil 7s. Bremen State 7 Canada 6s 1331 [ 95: DN Chil, Chile 7s 1943. Chinese Gov Ry bs. Christiania Colombia 68 Jan *61 Con Pow Japan 7. Copenhagen 4% 63 Copennagen 5s ct. . Cuba S%m. .. .. Czecho &= 1981, Crecho 8= 1952 Danish Munie 8s A. Danish Munic 8s B. Denmark 434 Denmark 618 Denmark . DET 6%a Mch53.. Dutch East 7 Dutch East 1001 1001 105% 1088 108% 1084 107% 1084 103% 108% 87% 88 99% 9y W 10244 102% 101% 101k 1014 101% 10114 101% 106 106 100 100 BO% 898 &3 83 87% ST 94 94 100% 1004 107% 107% 112 112% 85 86 104% 104% E2d M0y kLl 8 Lo % 9T4% 974 9% 6% 91% ' 93 9 9 o34 934 102 102 .14 108y 14 1081 18 Finland s f 63 45. Finland 7s. .. Framerican 7% French 7s. . French T4, ... German Bank German 7s. Greek 6s I!ll‘ Haitl 8s. Trish Free State 5 Italy 7s. Ttallan Pub S 78 ‘Japanese 4s. Japanese 648 no-par common capital stock and war- rants to purchase 250,000 of these shares. Road also was itted to is- 0t exceeding $12.500,000 of first Sonsolidated mortgage bonds, series A. POTATO MARKET. CHICAGO, November 13 (#).— (United | N Dej of Agriculture.)— 107 cars; on track, 402 cars; total U Stutes shipments, 5n un trading slow: market dull; 10 Kreuger&To'l bs et. 57 Lyoas 6s. Marseille M 854 86l 8% vEY 981 , 98Y 10 10 10% 10% 83 £3 98 98 103% 103% 89 29 New Bo Wllul Nord 6 %s Norway und whites, 2.30 to | N nsin, sacked. 250 Minnesota, North Dakota, sacked. round whites, 2.10 to 2.25; sacked, Md Washington Stock Exchano SAI.IR. 000 , $2,000 d.- 102%. -—p{D at 523, 3 at 520, 2 at 520. ., Bec. & Tr. Co—10 at 420, 5 ton Monot: 10 at 1133 Men:h Tir. & 8tze. pfd.—10 “at 98, 5 at 98. Real Est. M. & Guar. pfd.—440 at 7%, ‘Wash. Merch. Mtge. cons.—20 at 11. AFTER CALL. Sec. Savgs. & Coml. Bk.—10 at 460. Merch. . & Stge. pfd—2 at 98, 8 at 98. WlllLR.&l'.b——‘lm at 81, ‘Wash. Gas 55—8500 at 97%%. 3 6% p(d——b at 108%, 5 at y -y "@o&. R. R. 5s—$1,000 at 82. Wuh. Gas 55—$2,000 at 98%. NOTICE. ‘The !xch.n(e will close Saturday next, November 16. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer, Tel. & Telen. 435 . Tel. & Tel. ctl._tr. 5s ATacostia & Pot. K. R. 85 - Fies 8. lec. 45 Q,,x: Wash. & Ross. PR Jhderbilt "otel Chesthut, Parms Dairy 6 ‘Wasn. Cons. Titl STOCKS. PUBLIC UTILITY. . Tel. & Telen al Traction Co s NATIONAL BANK. )lnlunn! Capital...... h o R SN e T National Bark of Washington. TRUST COMPANY. securlty & Trult Co. ;;:' “:uhlnnon Loan & Trust SAVINGB BANK. Pank of Bethe Commereial & 50\'“[! ;al! ‘Washington. . E:rlr:riv‘v grsiiis & Commercial i “ ;o Sniea” sta Washington Mechanics' FIRE INSURANCE. pmerican . 101% 101% 100 101 R6% R7% 954 954 99% 100 Isl% 1024 1074% ID;K Norway 6% 15! Orent dev §1n 68 Paris Ofleans 5% Paris-Ly-Med 6 Paris-Ly-Med 7 THE EVENING STAR, WASHINGTON, D. Richfield O Sinclair Of Sinclair O1 Sinclair O11 7 Sinclair Cru Sin Pipe Lin Skelly Ol 6%s. 8o Por Rico Sug Ts. South Bell Tel Tann Copper 6s 41. . Tenn Elec Pow 6s ¢* Tex Corp ev b8 1944 Transcontl O1l %s United Drux bs 53. U S Rub istrf bs.. U S Rub 748 Utah Pow & Lt 6s. . Utllities Powr 8 4s Vertientes Sug Ts.. Walworth 648 35. Win RepeatAr 748 Youngstn S & T 6s. Atchison gen Atch dab 438 43 AtlanticC L Atlantic C L ¢s. AtlanticC L 4%s 64 B & O Gold ¢s. 102% 1024 101% 1014 11k 11k Y8y 9T 105K 104% 109% 108% 1024 102% 100% 1004 1024 101% 104% 104% 98 93 8w 47 102% 101% 97U 96 80 80 R7 B8 s0u 90 K i 15 3 11 52 10 96% 96 8 PN 91y 61 97l 96N . 17 100% 100 Boston & Maine 8. Brooklyn Elev 648 Rklyn Manhat §s Bklyn Un.El 68 50. Bklyn Un El 63 73 73% | Chi Poland 8, Porto Alegre §s. Prague T%s. Queensland Queensiand 1 Rhinelbe Un 7 Bhine Wst EP Phine Wst £ P Rhi Rm 104% 104% 102 102 107% 167% 5% 9b% 85 85 $6% FEW Sao Paulo Sao Paulo 1950 Saxon (PW) Seine Te4z... 101% 101% 101% 101% 102 1024 107% 107% 98 98 Tokio Tokio Uta Klnxm Vienna 6s 52 Warsaw 7, Yokoham: MISCELLANEOUS. Abrama&Straus6%s 26 99 Ajax-Rubber 7 Alleghany 68 4! AmAgriChem 7% 88 64 99% 964 96 9% - 90y 102% 102% 123 1254 101 101 0%l 101% 104% 104% Associated Of1 Atl Guif bs 6! Atlantic Refin Bell Tel P Bell Tel Pabs C. Bethienm Stl pm s Beth Steel 5% { Beth Steel rf Bethlehem Steel Bklyn Fdison 6s. Bush Term Bldg Certain-Td.6%s rets hile Cflpnrr 3 28 81 L 101% 101% 67 67 100 100 1024 102% 1034 (108% 72 1004 25 10216 1 108% 3 994 25 104 104% 104% 102 102 102% 1024 @ 32 99% 99% 99 99 100% 1004 104% 104% 894 89% 102 102 9% 97U B¢ 84 9T% 974 08% 984 105 105 88 »RY% ey 100 100 1024 102 98 98 Gen Mot Ac Goodrich 6% s 111 Streel 4 % 4 3| tnland 81 438 8. ‘Title. cu\ulm.h.llh‘ fl;ll v. o Vi, cons. Title Bta: MISCELLANEOUS. Inc.. com uéanm & ar-vel pid.] c(}:!llul':arnlll Natl. Co. Mg BisC Nath: Becutittes bid: Feacral Sioraee bid Federal-American Co. American ofd Monot: sl & ‘Biotaze % Stor. ptd, com. Int Mer Mar §5... :n: P‘P’:’ 58 47, nter Int 'r.m?:luou. 0 Int Tel&Tel 4% KanCity P& L. GaEesb2 Kendalls % s Lackawa Stl Laclede b Laclede G Lautaro Nitra Ligeet&Mye % 15 110 4 101 % 102 1o 101 1027% Chy M&SLP ¢ il cm MIISI'IP‘:cllfl 9 1004 99% 5102 102 l 1078% 1074 113% 118% 109 108% 10 ¢ CMSP&Pac adjss08 599 ChiN W 4382037, Chi & NW ufi- ooy C& WI1b%s62.... CCC&SLL deb 4%s. CCC & St L 58 D. c m b Clev Term 5% Colo & Sou ¢ 3, Cuba R R 73 Cuba Nor 6% e DRG& Wst 6878, Det United 4 %s.... Erie 1st cons ¢s. . Fia East C 58 74 Fonda J&G 4% 5! Gr Trunk st db & Grand Trunk 7s. Gt Nor 4%8 76 D. Gt Nor bs. Gt Nor 5%, Gt Nor gen 7s.. Green B& W deb B. Gulf Mo 58 B 50 Hocking Val 4%, Hud & Man a) Hud&Man 111 Cent 1l Cent 4% s 6 Il Cent rf 6s 6 Int Rap Tr 5s Int & G Nor 1st Int & G Nor adj Int RysC A 58 7! Int RysC A 6s 41 Int RysC A 6Ys Lowa Cent 1st bs. Kan City S3s Kan City Ft 8 Kan City Term 4s... Lake Snore ¢s 31. Long 1s deb 6s. Long Isrf4s49.... Louis&Nash uni éa. Louis & Nash 5%, Louis & Nash 7s..,, Man Ry 1st 48 90... Market St 78 40, Mill £l Ry&Lt 4%s Mil El Ry & L 68 61 Minn & StL ref 4s. . M StP&SSM en 48 MS!FAES“BIIII(‘ Mo Pac 5% s AI ot Montreal Tr 65 B 56 Nassau w‘n LB 7 N Y Cen LSel 338, N ¥ Cent 4s 43, 1n loau lfih‘h 12 69 69 102% 102% 102% 101% £5 844 101% 100% 984 98K 100% 100% 101% 101 107% 4074 % admoa ~SRwa ® R ol ST Iut Rapld Trans és. 1 3 Lehigh Valley 55 20 1 5 162 103 65 98 2 45% Sales. High. . 85 106% 85 100% 8 1&- 16 ol Peo & E 1t 4s 40 Pere Mar 1st 4s Pere Marg 18t 5 Philippine RR 4s Port RL&P 1% Reading gen 4 %8 RIArk S % Term Asso S L Tex Atk F'S b4 60 Tex & Pac 68.C 19 90% [ Third Ave 1st 5 100% | Third Ave ad) b 100% | Third Ave ref 4 108 98 106 Tol TP L&P 6% Union Pae 1st ¢ Union Pae ¢%s 67 Un Pac 18t ref & Virginia Ry 1st Spectal Dispatch to The Star, Coal. WILKES-BARRE, Pa., November 13— More than 90 per cent of the anthra- cite collieries were active in month and more 6,608,000 tons of hard coal were mined. Not all were on full time, but the pay rolls are of greater size than at this time last year. PORTLAND, Oreg—The Douglas County turkey pool has been offered 35 cents for fancy dressed turkeys and 32 cents for No. 1 grades. ‘The pool re! these offers and the turkeys will be ship on consignment in expectation of ther prices. ol OKLAHOMA CITY.—With 1 pro- ducing well and ll drilling already on cuy rty, the oity council has re- $1,000 an acre for another piece !m' a lease. E. M. Fry, city pointed out that oil. experts had ecti: mated the lease’s value at $3,000 an acre. Oil income to the city.ls run- ning more than $700 a day at the present time. The Com‘mercfal National Bank Pays interest on DAILY BAL~ ANCES on Savings Accounts. Interest starts from DAY of deposits and earned to DAY of withdrawal. Come in and let us explain Resources Over $20,000,000. 14th & G Streets R. GOLDEN DONALDSON, President First Mortgage Loans for, 3, 5, and 10 year periods on houses, apartments and busi- neess property in Washington, nearby Maryland and Virginia Randfiil H. Hagner & Company. Inc. 1321 Conn. Ave. N.W. Decntur'm Mortgage Loan Correspondent New York Life Insurance Co. Buy 6% Guaranty First Mortgage Notes and Bonds N0y, positive safety and unfailing income in these - character first e bonds. SECURED on esential business properties an o Washine: ] mort- (=2) UHH4=>3>C°$ homes situsted fon and its sublros and backed by our $3,400,000 re- sources. [NVEST your funds now to with 8% positive mmy of both principal and Homum-2zZ— A Monthly Payments Catalog, “The Suceess Plan,” request. " REALESTATE MORTGAGE & GUARANTY CoRPORATION [= Capital Resources § 3,400,000 24 JACKSON PLACE ¢. WEDNESDAY, NOVEMBER 13, 1929 WE have prepared a list of Common Stocks with estimated earnings per share which we are recommending for investment purchase at this time. The list is avail- able on request. J WESTHEIMER & CO. Members New York Stock Exchange Members Baltimore Stock Exchange Members Cincinmati Stock Exchas Members Chicago Board of Tra Ground Floor—Woodward Bldg. Telephone National 5500 ] Tfll 1018 PUBLIC APPROVAL Is the best endorsment of the Metro- olitan Life Insurance Company Real ‘:‘ntule Loan Plan, Hundreds of home-owners in Wash- ington and suburbs are enjoying the benefits of this modern home finance plan. 2 Over a Long Term of Reasonable Rates Consult WERTRRES 809 15th St. N.W. District 9486 . Mortgage Loan Correspondent Metropolitan Life Insurance Company THERE SAFE Century Without a Loss National 2100 FINANCIAL ing Into Modern Business TOknppu-withmod- ern business the mod- ern business office must be correctly furnished. Desks, Chairs, Cabinets. Tables, Safes—all must be selected with an eye to comfort, convenience, ime- pressiveness and space< saving value. To speed up office routine! = Visit our complete Display Rooms and from this newer, more modern mo of office equipment t truly expresses and facilitates the spirit of modern-business. W.D. CHMPBEI.I.GMPIINY BUSINESS FURNITURE AND EQUIPMENT Decorators of nieriors Commercial Ti 15th Street N.W. 1500 L Street N.W. FIRST MORTGAGES SAFE BECAUSE SOUND; ATTRACTIVE BECAUSE LIBERAL A conservatively fixed in- come from a sound investment is decidedly to be preferred. You won'’t have any misgivings as to the safety of your princi- pal or doubt as to the payment of interest with your invest- ment in our 6% FIRST MORTGAGES Third a They are sécured by care- fully appraised real estate. . - May be purchased iri amounts from $250 up. B. F. SAUL CO. “. . 925 15th St. N.W. IS NO SUBSTITUTE .FOR SAFETY Diversified investments that follow the favorable trends of world industries ENERATIONS of experience have shown that business condi- tions and security values do not - ordinarily fluctuate at the same time or in' the same direction in the various countries of the world. While some are prospering others lag ‘behind. While some have more ‘capital than they can profitably use, others need capital so badly that they are willing to pay liberally for it, even on good security. The American Founders group of investment companies take advane DECORATIONS BY ROCKWELL KENT &’ CUT IN WOOD BY J. : ‘IIIIIE umuuum-m_ ETTETNY J. LANKES tage of these international varia- tions, At the time of the recent break in domestic security prices they had only a small proportion of their funds in American common stocks, but large amounts in cash, and were also able to withdraw funds from abroad for selective investment at home. Always the funds of these in- vestment companies are in carefully chosen, marketable investments, bonds as well as stocks. Such international and inter-in- dustrial diversification affords better than average results, particularly when funds are so reinvested as to take advantage of economic changes. The consolidated resources of the American Founders group of com- panies exceed $200,000,000 and their securities are owned by more than 50,000 investors. Additional information may be obtained from bankers and dealers, or from Founders General Corpora- tion, 50 Pine Street, New York City. THE AMERICAN FOUNIDEBS GBOUP Including AMERICAN il FOUNDERS CORPORATION General Management Investment Companies : INTERNATIONAL SECURITIES CORPORATION OF AMERICA SECOND INTERNATIONAL SECURITIES CORPORATION UNITED STATES & BRITISH INTERNATIONAL COMPANY, LTD. AMERICAN & GENERAL SECURITIES CORPORATION d_Sharing Vzhc Prosperity of Many Companies, Many Industries, Many Countries )