Evening Star Newspaper, November 14, 1929, Page 13

"FINANCIA GRADE BONDS | v e BONDS e scswws] | MARINE PRODUCTS ' SCORE PRICE GAIN P;essure on Market Eases. -+ Forced Selling Seems Smaller. Speéial Dispatch to The Star. NEW YORK, November 14.—Pressure on the bond market was eased somewhat y with the higher range of stock P s, but reverberations of the lwck idation during the past three ven still felt in many issues. Gains and losses were about eveniy di- vided, most of the advances being made in United States Government and high- g:'de railroad and public utility bonds. ‘more speculative descriptions, many | B of them at their low prices for the year, contimued to lose ground. ‘The character of the selling, how- ever, had obviously changed. There was not so much forced selling, but there was an equal volume of selling to buy stocks. Trading was not as heavy as In yesterday's Tecord session. phone 5155, Standard Oil of New Jer- sey 5s, Duquense Light 415s, Philadel- phia Co. 5s, and Consolidated Gas 51¢s. Obligations of traction companies have had severe price recessions. Brook- lyn-Manhattan Transit 6s were today down 2 points, and at & new low for the iyear. Others at low prices for the year are Interborough Rapid Transit refynding 5s and the 6s, Manhattan Rallway 4s, the issues of the Third Avenue Railway and New York State Raflway 4155, e same low range for the year is found in bonds of oil companies. Sin- UNITED STATES (Bales are In 31.000.) Bales. Hieh. Low. 425 9720 0714 Uibist4is 22 9931 9981 931 uh nh 440 485 100 9981 100 3% “1. 200 9919 9918 9919 50 104 30 104 28 104 30 240 10728 10724 10723 US4¥ab3. 115 11130 L1124 FOREIGN. LId 3%, 9714 s Oc! Argentine ll-y ‘61 Argentine § u '8! Belzium 7 Relgium & Rolivia 7s et "6} Rordeaux 6s Brazil 6145 1926, Brazil 614s 1927, Brazil 7s..... Bremen State 7 Canada 6s 1931 Canada 6» 1953, Ch Chi Chile 78 19 Chinese Gov Ry 6s. Christiania §s. Calombia 6= Jan ~apenhagen Cuba 5%s. Crecho 8 19, Czecho 8 1952 Danish Munie 83 A. claly 6s, 6l¢s and 7s, are all within a fraction of their low and California Petroleum 5s, Colon 6s, Philips Petrol- eum 5Ys, Richfield Oil 6s and Trans- continental Oil 6%4s are at their lowest quotations for 1929. ‘Thorughout the list of junior issues of the railroad prices are within a frac- tion of the year's low. Chicago, Great|F! Weltem 4s were off 4 points today. descriptions were quiet M‘Y Wfl.h an irregular trend. Lautaro NI :.rlte 65 were off 112 points to a new low. WEST VIRGINIA COAL QUTPUT SHOWS GAIN West Virginia's four smokeless fields produced 42,410,239 tons of coal during the first nine months of 1929, figures issued by W. E. Koeppler of the Poca- hontas Operators’ Association showed. This was an lncnue of 5,226,274 tons over the corres) 'L:‘mnthl of 1928. The 1929 pmduc districts ‘were as follows: Pouhonus. 15, flll 540 3,070,984 tons; tons, River, 6,373,020 tons, 075 tons; Winding G 20,455 tons, increase 531,435 wm, d New River, 10,666,215 tons, increase 583,805 tons. mn—eue 1,441, Finland s Finland 7s. rrnsmu . 26 86% o120 9244 26 91% 14 93y 104 102 set 109 88 98% Washington Stock Exchange N SALES, ashington Gas 6s A—$1,000 at 100, w3000 at 100, 8100 8t 100 © Fotomas “Elecirio 68 1958--$1,000 at 101 » :x‘mun Gas 6s A—$500 at 100%. w:.lhlu\‘on Rwy. & Elec. 45—$1,500 at caplt.ll “Traction Co.—50 at 75%. Pot?mol: Electric 6% pfd.—5 at 108, 5 at 108, Potomac _ Electric 10214, 6 at 102'%, 5 at 10235, Commergial National Bank—14 at “’ Riags National Banko—10 st 835, . Amm Security & Trust Bocnrity llvlnn & Commercial Bank— n Merchants' Savings Bank— 50, 100 at 50, 100 at 50. 5%% pfd—30 at s RI —10 at N %8 19532, . Orlent dev 634n b8.. Paris Orlean Paris-Ly-Med 6s.., 3 Paris-Ly-Med 7a., 1104 104 29 102 102 102 9 107% J07% l.‘l“ C ' (13 [ 874 86% ll!& lS 100 J00 1 22 T3% 19 con National Co. pfd—5 at Set Commereial 101%, 4 at 1014, Monot; ype—100 at 110, 100 at - m»-m at 102 % gt Mige, & pfd.—300 a %0 Peoples Drug swm P{d —10 at 105, T at 104, a Mechanics’ Mtge. com.— 200 af 11. AFTER CALL. Gas 6s A—$1,000 at 100, ‘Washi) umw Gas 6s B—$200 at 101'%. ‘Washington Gas 6s A—$1,000 at 100. Am‘c:s’th & Potomac R. R. 55—$1,000 at 82 Capital Traction Co.—5 at 75%. W:gw.‘cz 5%s—$2,000 at 98%, Nl;’lgnu Bank of Washington—10 at Bid.and Asked Prices. RONDS. ington Gas 8s. Wash. Gas 6s, series A. Wash. Gas s, series B Wash. RWy, & Elec. 45 MISCELLANEOUS. 88, Inc. 8%s. erbilt Hotel mer. Tel-& Te At action Washington Ga e Becond """ National Hank TRUST OOMPANY. it Co. American Continen! Merchants® Bank. Nationsl Savings'& “Trust. Union Trust Washingion Loan & Trust SAVINGS BANK. Bank of thesda . Commercial & Savings. Eotomac ot Seventh !éfll. United States.: ‘Washington' M; FIRE INSURANC! American o) %luom v‘w. Iun'h 'n ml- r. il ¥ 1g. b tl Becuritie Storage pfd American Co. MISCELLANEOUS. Albanlrl-ul s S 95 Atlantie Refin Bell T Humble O11 5 Humble O & R §%8. o 111 Bell Tel B 111 Steel 4% 3 Intl Cement Intl Match Int Mer Mai Int Pape: Inter Paper 6 - 3 Int Tel&Teleg 4% [0t TelaTel 4 148 €v tH KanCity P&LSs,s 1 KanG&ECs63.... 14 Kendalls¥%s 43 "'A ‘ Lautaro Nitrate 68, 39 Ligget&Myers bsbl 4 Joew's Ing 68..c000 20 Loew’s 6s w & war.. 12 Montana Pw deb §s Mor's&Co 18t %8, Nat Dairy §%s. Nat Radiator §%s. NewEagisng Tel b I "THE EVENING STAR, No Am E4 5% Nor States Pow Ner States Pow Pacific Gas & ) Low. 1004 9% 102% 102% 1003 100% 100% 100% 7 1014 100% ead Philips Petro 64 s. Por Rioc Am Tob 6s. 1 Postal Tel & C5%» Pressed St Car bs. H Richfield Of1 Sinelair Of) Sinelair Of1 Sinclatr O11 7 Sinelair Crude 548 Sin Pipe Line & Skelly Ofl 5148 South Rell Tel Stand O1I N J 48... StandONIIN Y Cul. Utilities Powr 5348, Vertientes Sug 7 Walworth Walworth 6 Warner Sug 102% 101% 104% 104% 47 a7 87 101t 100% 1014 100% 2% 9% 70 70 90 88 103 1014 Bl 100% 100% 100 100 3 1064 106'% 95 White Sew Mach Wick-Spen cv 78 Willys-Ov 6148 33, Win RepeatAr T4%s, Youngstn S & T 6s.. 26 95 5 80 80 30 28 984 98 107% 107 100 9% RAILROAD. 5 71 Bklvn Un EI bs sta. Buft R & Pitts ¢ %s, Can Nat 4%s 30, Can Nat 4% Can Nat 4% Can Nat 4%s . Can Nor 41,8 1935. . T FnwSrnRacanararaicontan anw DRG & Wat bs 1! Det United 4%s. 6 108 Fia East C 5s 7 Fonda J&G 4% Ga & Ala 1st Mo Pac 5%s ¢9 evt. 116 Montreal Tr6sB56 4 %s' NH& H 486 NH&Hdeb 48'57 NH&Hart 4%s NH&H evab !zzzz ZZZZZLZZEZERELLL, “I""“n!m«(-flt-fi‘flo 89% BT 92 ST% 87% 90% 891 N 97 9% 994 99% 974 102 101% 107% 1074 90 80 84 84 ¥6% 95% 74 8% 854 8Bl 99% 598 90% 90% 9% 1% 0% 99% 98% 98% 108 108 81% &0 9T 97 100 100 107 106% 984 984 108 108 89% 89% 100% 100% 82% R2H 9% 98 1084 108% 101% 101% 112%111% 100% 100% 108 62 62 28 27% 86 86 102% 102% 107% 106 9% 92 101% 101% 106 105% 107% 108% 35% 35% T4% T4 9% 97 93% 98 864 100% 100% 100% x 73 3 80 1IIH 0% 0% 99% 102% ! 100% 1004 101% 102% 104% “|Port RL P 68 41 £0 “WASHINGTON, 'D. C, THURSDAY, NOVEMBER T4, :whcuxsaqmb- warm f s of Florida fish, accord- and only a few fish, mackerel, e received t few days. They cents a pound. Bo.l< SALES ARE SMALL Warm Weather Causes De- crease in Receipt and Handling of Supplies. icrease. Retailers conf dllgll Antnumlnmqnuuonof turkey prices for the coming holiday Reports received from various sec- tions tell of increased guantities of tur- A d, Ak rkeys are on e w-y here from the West and dealers are Dln( for a change in nzr condi- to insure their arrival in first- l‘.llll condition. Turkey Situation. Government npom tell of the turl situation in Antonio mm Texas earlier xn the week. No. 1 hens and young toms were quoted at 20 and 21 eenu alive, some cnomo stock sell- ing slightly higher. stock was xeported holding mny steady at 28 and “Eastern demand not overly brisk,” was information contained in the re- {m and it also gave the information tkowln? to the decline in the stock et, a light consumer demand is an- shij sen. were quoted l!. 30 un'.l whflg h, recelved from Ch t 3 Potomac River netters, lold -t 2 lnd 30 cents. Fish Receipts. Small quantities of catfish, eels, yel- h and carp were low perch, sunperc rd p . e yellow perch were of- cents & pound, while the the catfish at 8 . ‘Warm and murky weather this week is having its effect upon the receipt and h‘“’"‘% marine products _for Sales. High. Low. Close. 21 11 110% 110 110% 6 5% Nor Pae Nor Pasrt 20 and 25 ce und. Dealers recel alrly e e qufium of butterfish and Norf % offer the trade at 18 cents. memh were scarce at 30 cents, fillet of haddock, also not very plentiful, sell- ing at 25 cents. Haddock were quoted | | at 12 and cod at 15 cents a pound. Crab meat continues scarce at 70 cents a pound. Shrimp is more plentiful, while lobsters, anything but plentiful, sold at 70 cents a pound. lams were quoted at $1.75 per 100, or $2 a gallon, while lnl- e scallops were offered around a “onten continue plentiful, much fine barrel being inciuded among Barrel stock was ouoted from $8 to $15. Shucked stock continued at es. quoted the past month, $2.25 for stand- ards and $2.50 and $2.75 for selects. Continued slow trading in the whole- sale market district was reported this morning, commodities being received in large quantities, dealers reported, the number of customers not being up to the standard. “I hope it proves a case of a calm before a storm” was the comment of a o s & i ‘The pronl-hom dm cnn Tun at the Tatg of 40 miles an hou Readinggend%s A 8 Reading J C4nb1.. 1; Every Facility for +Sound’ Investing ‘We Invite Applications for FIRST TRUST LOANS on lmprnvcd Property Members: New York Stock Exchange New York Curb (Associate) Baltimore Stock Exchange Richmond Stock Exchange J-A.Iglehart & Co. Investment Banhers 719 15th St., N. W. Washington © _ NEARBY Iol'l‘ OMERY CO. AND THE DISTRIOT OF COLUNBIA Periods of 3, 5 or 10 Years O-;;ukeuupevcepflo‘n ’o] possi cont in fer of avotding tedious delay and unnoyance is a definite advantage to buflders or prospective mort- gagers. BOSSEMHELPS| 1417 K St. National 9300 “RECENT TENDENCIES IN REAL ESTATE FINANCING” is to be the subject discussed on tonight's Halsey, Stuart & Co. Radio Program by Mr. Harry H. Culver, President National Association of Real Estate Boards This association has member boards in 622 cities with forty thousand individual members. As president of this influentiol organization and director of several large real estate enterprises, Mr. Culver's address should be of wide interest to property owners and investors in real estate securities. HALSEY, STUART & CO. RADIO PROGRAM TONIGHT ... WRC ...100°CLOCK Also over a Coust to Coast network of 37 shations associated with the National Broadcasting Company. Music by Instrumental ensemble. 1 unable fo listen to this progre, you may oblain a copy of Mr. Culver's address by writing te y, Stuart & Ce. Southern Building, Washington, D, C. OLDEST NATIONAL BANK In the District of Columbia This Veteran Bank Is Young in Spirit —as vigorously aggressive as good business per- mits—as service-giving as when its years and de- positors were few and its prestige unearned. fWe offer broad-gauge facilities for every banking requirement of business, big or little, as well as for individual depositors. Special Dept. for women customers. Open Until 5:30 P.M. Nov. 15th for the Convenience of Payday Depositors \\ National Metropolitan Bank Organized in 1814 Capital, Surplus & Undivided Profits Over $2,300,000 15th Street, Opposite U. S. Treasury WINANCIATL, G. M.-P. MURPHY & CO. New York WASHINGTON Philldelphh Richmond London MEMBERS New York Stock Exchange Washington Stock Exchange Richmond Stock Exchange New York Produce Exchange New York Curb Exchange Copy of our “Fortnichtly Review” on Request 1510 H Street Connecticut at K National 9600 Private Wires and Telephone to New York 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. WESTHEIMER & CO. Members New York Stock Exchange Members Baltimore Stock Exchange Members Cincinmati Stock Exch Members Chicago Board of T Ground Floor—Woodward Bldg. Telephone National 5500 Achieving Success —without the backing of money in bank is an up-hill job. Spend a little less than you earn and a bank account of your own will soon be a reality. { This bxg old bank gives every encouragement to small depositors—accepts sums in any amount—pays the Same Rate of Interest on small and large accounts. Open Until 5:30 P.M. November 15th for Pnydny Depositors’ Convenience N: atlonal Savmgs & Trust Co. Oldest Savings Institution in the District of Columbia Capital and Surpius, $3,600,000 Year Cor. 15th and New York Ave. FOR more than forty years the H. L. RUST COMPANY bas been making first trust loans on ime 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 S investment. ® wmmillayuumm» six per cen mm.-a.bk H.L.Rust Compafiy 1001 15th Street N. W. National 8100 BS8TADMLISHERED 18809