Evening Star Newspaper, November 17, 1929, Page 93

Ty FINANCIALS BOND SUMMARY FOR THE WEEK UNITED STATES GOVERNMENT. 298 FIRMS REPORT 20 PCT. GAIN IN NET Comparisons Show Indus- trial, Utility and Railroad Earnings Growing. Special Dispatch to The Star. NEW YORK, November 16.—Net earnings of $1,616.638,000 for the nine months ended September 30, were re- ported by the 298 industrial, utility and rallroad corporations which have so far made public their statements. This figure is an increase of 25.0 per cent over the $1,203,432,000 reported by the same concerns for the corresponding nine months of 1928, according to the Standard Statistics Co. Detaled figures o Nine months ended Sept. 30. Thousands of dollars._ 1028, 1928 7.062 147 1 Agri. implements Aircraft . . 4 Copper " 7 8 Elec equipment.. | Food. except meat 12 Household products 2 Lead and zinc 2 Leather and shoes 18 Machinery ........ Meat packing Mige. mining Misc' securitie Office equipment . Paper 20 Petroleum . 4 Railroad équip’ 1Ravon . # Retail trade ., 1 Shipping 3 Silk 17 Steel 4 Theaters 4 Tobacco .. 248 Industria 21 Utilities 32 Railroads Total SRBEIRSLRTLRN20S REEBIRN538 2! BRI RIS ADDIDNND DAIA AN AL DADAT 137570 182, 1,203,432 1,616,638 *Decrease. Deficit Baltimore Markets Special Dispatch to The Star. 3 BALTIMORE, November 16.—The | live poultry market holds generally | steady, especially on_turkeys, demand | for which is increasing as Thanksgiv- ing aproaches, and with larger orders | being placed with commission houses, a good movement is expected from next | ‘week on to November 26 for live and 27 for_dressed. Shippers are advised, however, to ship their stock in ample time for the holiday demand, which is always brisk, | especially for large, fat young birds, and liberal shipments are advisable beginning Monday. The market closed today at 35 and 36 cents a pound for young turkeys 8 pounds and over, and 30 cents for crooked breasts, but old toms are not desirable and will not bring over 28 cents. Demand continues for large, colored springers 2 pounds and over at 25 to 27 cents, but smaller fowl as well as Leghorns will not bring over 22 to 24 cents, and the market continues to be flooded with small common springers, which are not only undesirable, but for which it is more & question of a buyer than price. Old hens are in ample receipt, espe- clally small fowl under 3': pounds, which are not wanted on this market and only tend to lower the value of the better class stock, and the market has an easler tone, 13 to 18 cents, but Leghorns will not bring over 18 to 20 cents and poor and thin fowl are neglected at 17 to 19 cents. Old roosters in fairly good demand at 18 to 20 cents. Young ducks and geese, when large and fat, meet with ready sale at 18 to 22 cents for the former, and 22 to 24 cents for the latter; but shipment of stock under 4 pounds not advisable. Mar- ket for guinea fowl easier, and values & shade lower at 40 to 65 cents each, while pigeons hold steady at 25 cents & yfielnr both young and old. ceipts of eggs from native and nearby points have been more liberal the past week, and the market shows & decline on both firsts and hennery white firsts, demand for which has eased off owing to the high prices evailing the past few weeks. A num- r of shippers are mixing pullet eggs with firsts and this class of stock will not bring top values. The market closed today at 56 cents a dozen for hennery white firsts, 50 to 52 cents for firsts and 40 to 45 cents for pullet eggs. but current receipts will not bring over 43 to 45 eents, while dirty eggs as well as culls are neglected at 25 to 30 cents. White potatoes in more liberal re- ceipt from all sections, but under im- proved demand for well graded stock | the market holds steady at 3.50 to 4.00 | a barrel, and 2.50 to 3.00 for ungraded, but No. 2 potatoes move slow at 1.50 to 2.00; sack potatoes sell mostly 2.40 to 2.50 per 100 pounds for No. 1's. but ungraded will not bring over 175 to 2.25; market for sweet potatoes and yams generally slow and values on the former a shade lower at 1.50 to 2:00 a barrel for No. 1 stock, and 75 to 1.25 for No. 2 yellows, with yams in better demand at 3.00 to 3.25 a barrel. Native and nearby garden truck in liberal receipt and with movement generally slow prices are mostly in buyers' favor at the following quota- tions: Beets, 3.00 and 4.00 100; cab- bage, 35 to 60 bushel; carrots, 4.00 and 5.00 100; lettuce, 75 to 1.00| bushel; lima beans, 2.50 to 5.50 bush ppers, 30 to 50 hamper: pumpkins, 00 to 10.00 100; spinach, 30 to 50 | bushel; tomnmes,fi«;1 to 1.00 bushel, d turnips, 20 to 25 hamper. msnson ?Zr rabbits opened this week, and while receipts have been light so far they are sufficient for the demand, which is limited owing to the warm weather prevailing. Choice nearby Tab- bits are bringing 3.00 to 3.50 a dozen, and fair to good, 1.25 to 2.00. The live cattle market holds generally steady under a fairly good demand. but centered on first quality stock, receipts of this sort being light on the wharves as well as the stock yards. Commion 15 ordinary catile, generally slow sale at inside pnz;'-fi ?uolatlons today at treet arf: m‘shetgxscume, first quality, 1b.. 10 to 11: common to medium, b, 8 to 9. Bulls, as_to quality, 7 to 9. Cows, choice to fancy, 5 to 7; common to m;. 4 to 5. Oxen, as to quality. 7 to 8. Calves’ veal, choice, 15 to 15% lnrl&; fat, 14 to 14%; large, rough 13 %; thin, 8 to 10; rough and com- mon, 7 to 8. Sheep, choice, 2 to 5. Old bucks, 3 to 4. Spring lambs, fancy, 111, to 12; choice, 10% to 11, Hogs, all 10. Sows, 8 to 9. Live shoats. 10 wmn. ot TIMORE, November 16.—Set- tling prices on_grain—Wheat, e red Winter. spot, 1.20%: No. 2 re Winter, gariicky, spot, 1.19%; Novem- %: December delivery, ber delivery, 1.19%: 121%,; No. 3 red Winter, garlicky, spot, i corn, No. 2 yellow domestic, 10; cob corn. 450 per barrel: ! No. 2 white domestic, spot, 55 ?x'o'f':r':zhm domestic, spot, 54; rve, nearby, 85a95. s, 10 to 15. CHRISTMAS SAVING CLUB DISTRIBUTION IS LARGE Epecial Dispatch to The Star. BALTIMORE, November 16—Men, ‘women and children to the number of * more than 150,000 residing in Baltimore City and County and_10,000 living in other sections of the State will receive within the next two weeks approxi- gnately $8,500,000, representing savings through Christmas clubs. The number of participants is some 0,000 more than enrolled last year. th in number of depositors “and amounts saved records were established this year. Of the total {o be disbursed in M. land, approximately $7.500,000 wil: be paid to persons in Baltimore City, or about, $51 to each member of the clubs. e total is about 10 per cent greater last year, 98, 95. 95. 98, 4 ——19%9 Hizh. L 100 @ 97 101 97 90 105 100% 99% R9% 100% 91 10i% 98 115% 1121 10 1 a1 101 64 9814 961: 65 0 854 105% 100 9 84 A% 24 70 68 97 93 L 1060 101% 98 10474 101 10415 101 104 101% 29 1 109%, 102 5% 9% 1% a7 85% 10 80 02 88 981 83 a3 a7y 72 1% 107 81 6415 9 9% 1041 101% 105% 100 104% 101% 00 94 884 80 £l 60 964 59% 120 974 1z 98 1061 10314 90 80 99 93y 185 95 122 88 97 0% 102 98 104% 100 27 115 105% 100 T4 85 791 995 8314 97 119% 100% 1104 80 9815 3% 63 80 40 66 9: 5t 105% 100% 100 96 28 89% 88 98% 92 102 90 96% 84 224 109% 96% 88 105% 99% 103 98 124" 96 100% 83 91 a9 100% 741 100% 97 104 98 984 9244 82% 107 10 115% 110 964 i 104 95% 1015 97% 102% 99 10585 100 110% 101 100% 91% 100 95% 8% »0 93% &5 95 K8l 300 135 99% 8 100 98 10314 96 5 92 89%% 4 101 103% 100 1004 91% 98 66 10 89 105 9z 7% 87 920 80ty 102% 9615 01 95 a8 861, 9% 83% ~——1920— Aigh. Low. 116% 35 a3 3% 15 69 41 8414 1% 50 1 15% 1 20 49 7 10 14% 1 0% 19 12% 101.4 111.27 105.0 U S 4%s 1947-52 4 Beth Steel pm 90% Comm Inve: Con Ceal (Md) 1st ref bs. Cuba Cane Sug cv deb 8s. 108% 104'% Detroit Edison ref és 8714 Dodge 65 40 102% 96 Lackawanna Steel §: Lib 315 1932-47. 15t 418 193 6 L 4 US3%s1940-43 12 US 3% 194347 14 US3%s1946.56 U S 4= 1944-54. Argentine 5s June ‘59 Argentine 6= A ‘57 Australia 5s '55. Austria 7s '43., Bank of Chile § Bank of Chile 6% Belgium 65 '55 Belgium 714845 Belgium 8541 Bolivia 75 ct '6 Bordeaux 6s '34. Brazil 618 1926-57. Brazil 8s ¢ Canada 5s Chile Republic 65 1960. Chinese Govt Ry 5s'51. Colombia 6s 1961 Jan. Copenhagen s *52 Czechoslovakia §s '51. Denmark 5%s 1955. Denmark 6s ‘42. .. Dutch East Indjes 6s Fiat 7s 46 war Finland 7s ‘50, French French 71841, German 75 '49. German Bank 65 1938 Greek 65 1968. Irish Free State 55 '60 italy 7a°51 Japanese 6148 ‘54 Kreuger&Toll 58 et wi Mexico 45 1904-54. Milan 615 5. Netherlands 68 *72 New South Wales §7. Norway blys Orlent Dev bi4s Paris Orieans 5% Paris-Lyons-Med 6 Peru 68 '60. Peru 7 Pirelli Co of italy s Poland 88 ‘60 '59 Rhine West| Rio de J. Rio Grande Do Sul s L2 Serbs Cre Sweden Swiss 5 Utd Kingdom 51 Uruguay 6s 1760, Vienna 6 195! Warsaw 78 . Yokohama 6s ‘61, Clese. Chae. 97.28 -1.10 0 111.20 High. 97te 961 93 95 90 " 1024 101% 901, 83% 9313 9 100 . 115 . 108 s Duteh East Indies 6s'62. . 101% T 5l 103% £ W 1078 +1% 9 8 102'% MISCELLANEOUS. Abram & Straus 5%s'43.. Alleghany Cocv §8°44... Am Agri Chem 7158 ‘41 Am Beet Sugar 6s '35 Am Chain 6s 1933. Am 1 G Chm 5%s 1949, .. Am International 53849 Am Natural G Am Sm & Ref Ain Sugar Ref 7 Am Tel & Telcv 434 Am Tel & Tel Am Writ Pap Armour & Co 4% Armour of Del 5% Atlantic Ref deb b8 "5 Bell Tel (Pa) ref 5843 '36. Beth Steel s f 4 Certain-teed 5%® 1943, Chile Copper £8'47. 4 Colon Oil 6538, . 96's Columbia G&E deb 5s '52. Comm Invest b1s'49. . st deb 63 °48. .. Duquesne 4% 1967 94% General Cable 5% s 1947. Gen Motors 6s ‘37 Goodrich (B F) 6%3'47. . Goodyear Rubber bs 1957, Humble Ol & R 6% '32 Inland 8 1 Inter Cement 68 *48. Inter Match 58 '47. . Inter Mer Marine 65 °41. Inter Paper 53 A 47. Inter Tel&T cv 4145 39 Kendall 5% "48 (war). ‘8 Laclede Gas 5% Lizgett & Myers Loew’s Inc 68'41 war.... Loew's Inc 6s ex war 1941 Lorillard 6%s"37 . Manati Sugar s f 734842 Midvale Steel 55 '36 Montana Power 55 19 t Dairy Prod 648 4 t Radiator 614 1847 w England Tel b8 '52. . \ Y Edison 15t 6148 '41.. N Y Teldlsn'39 . N Y Tel 6341 North Amer Ed 68 '67.... Northern States Power §s Pacific Gas & Elec bs "43. Pacific Tel & Tel 63 °52 Pan-American 6s '34. Paramt-Fam-Lasky Philadelphia Co 63’67, Phila&Read C&1 6s w1 '49. Philips Petrolm 518 °39.. Postal Tel & Cable 55 '33. Public Service 4158 °48. .. Remington-Rand 5%s "47 Sinclair O11 65 °30. . Sinclair 011 7537 Sinclalr Crude Ofl 5%s. .. Sinclair Pipe Line 53 1942 Southwesn Bell Tel 58 54 Stand OIINJ Stand OIIN ¥ . Sugar Est Oriente 55 19 Tenn Copper 63'44 B Transcon Ofl 6%s ‘38 United Drug 68 '53. U 8 Rubber 18t & ref 5s.. U 8 Rubber 73s '30. Utah Po & Light b8 i &LBY%s 4T Waiworth 6345, Stock and dividend. Vanadium Steel (4) Vick Chem Co (2%).. Virginia-Caro Chem. Va-Caro Chem 6% of . Va-Caro Chem pf (7).... Wabash....... Wabagh pf A (5) Waldorf System (134) Walworth Co (1.20). Ward Baking B. Wara Baking pf (7). Warner Bros Pie(13%). Warren Bros 1st pf (3). Warner Quinlan Warren Bios (19). Warren Fdy & Pip Webster-Eisenlohr. . . Wesson Oil & Snow (2). Wesson Ol & Sn pf (4).. Western Dairy A (4) Western Dairy B. . Western Maryland Western Md 24 pf. Western Pacifle. West Vuco Chlorine(2). Wextark Radio (c2). ... Wheeling & Lake Erie Wheeling & L Erle pf. Vhite Eagle (2 ¥ White Ruck Min § (3) White Sewing Machine. . White Sewing M of (4).. Wilcox Ofl & Gas....... Wilcox & Rich (A) 23.. Wilcox Rich B (82)..... 100% 100% 105 80 26% 104 96 99 4 1023 123 101% ~ % 73 e 104% — % 105% — % 4 100 Low. Close. O 9515 96 845 20 1085 872 93 8815 91y 94 165 93 9914 93 99%, 1027, 99 108 99% 10415 101 105% 9515 — 11y 90 1011 *3ly -6 924, 9% aan, . 975 96%* 90 96 90 86 80 93 /7% 1041 99 100%% 100 100 961 75 20 100% 86 -1 1% 90 93% 91 110% 6215 102 2% 6% " 5 84 Rty -1% 104% : 107% 12 70 a7 87 MY 54 45 85% - 214 791 —3% 66 —=1% o -1% 69 -13% 9% — 1% 84 - ~2 891, —2% 66 —4 40 -9 89 —d% 95% ~2% 100% 9% 93 864 807 967n 1004 T4 —4%; 9t 10014 28 3 101% ~1% 104% —1% 9TH — % 100 + % 91% 9214 110 100% 109% 1 117 43 4« O Walworth 615 '35 Waestern Union T Wilson & Co 15t 6; Youngstown Steel 58 RAILROAD. Atch To & S Feadj 4s'96 Atch T & S F gen 43 °35 Ateh, To & San F 4% *48.. Atlanue C L 1st 45" B&Ocv4is 33, B & Oref 5s'95. B&Oref5s D2 Balto & Ohio 5s 48. Balto & Ohfo fs 95 $ BROPILLE& W Va 48, B&OS W Div s . Bangor & Aroos 4 & Boston & Maine 6s '67 Broadwy & 7tn Av 55 '43.. Brooklyn Manhat 1st 63 A Canadian Natl 414530 .. Canada National 4% Canadian Natl 4158 Canadian Pacific deb Central Pacific 45 '49. Central Pacific 53 1960. Chesapeake Corp bs 47 ¢ Ches & Ohio cv 4% '30 Ches & Ohio gen 418 ‘92, Ches & Ohlo 41593 A. .. ChiB&Q4l%s B'17. Chi B & Q ref 55 '71 5 Chi & East 11 gen 58 '51.. i ChiGreat West 4 59. Chi MSt P& P5s'75.. Chi M St P & P ad} s Chi& N W 6'58°36 Chicago Northwest 7s '30. & Chicago Rys 5827, Chi R1& Pac ref 4534 ChiR 1& Pac 418 w.i. Chi Union Station 4% Chi Union Station 6% tern Ind con Colo & Sou Cuba R R 68 ‘b Cuba North 5% Del & Hudson 5% Den & Rio Grande cn 48!, Den & I G West bs 'b. Den&Rio Gr Westn s 4 Detroit United 434832 Erie 18t con 48 ‘98 Eriegen lien 48 "9 it C Fonda J & G 4 %8 Grand Trunk s 4 Grand Trunk 7 Great North 4 Great North 5 Great North gen 7 Havana Elec Ry 5% Hudson & Man adj 55 '67.. Hud & Man ref ba’57 Ilinois Central ret 4 Illinois Central 4% s Inter Rapid Tran & Inter Rap Tr b8 sta* Inter Rapid Trans 6s'32.. Inter Rapid Trancv 7s. Inter & Great Nor adj Inter Ry Cent Am 61 lowa Cent ref 4s ‘61 Kan City South 3s 1950 , 4 Kan City South 58 ‘50 Kan City Ter Ist 4s Lake Shore 4s'31. 4 Lehigh Valley en 43 2003 . Louls & Nash uni 4s '40 Louis& Nash 7s, 1930. Market Street Ry 7s A 40 Mil El Ry & Lt 1st ref bs.. Minn & 8t L ref 4 M3tP&SSMEY 4 Mo Pacific5s F.... Missour! Paeific 53 G. Mobile & Ohio 41387 4 Nassau El 4851 N Y Cent deb 45 '3 5 N ¥ Cent ref Imp 55 2013. N Y Cent deb 65 '35. A NYChi&StLref5is A NYChi&StLref5i:s B NYChi&StL6sA 1931, 7 aven deb 48 '5 North Pacifie 35 204 North Pacific 45°97. North Pacific r 1 65 2047.. hort L Ore Wash 1st ref Penna cn 4% 19, Penngen 418 '65. 2 Penn 4% Penn gen s "68. Pennsylvania Penn 6%s'36 Penasylvani Reading 415597, , Rio Grand West col 4 RIArk& L4%s'34 StL Iron Mt gen 55 1931 StILIM&SR&G4 StL&SF prinds A StLESF4%s"78 StL & San Fran bs St Louis S W con 4 Seaboard A L adj Seaboard A L con South Pacific col 4; South Pacific ref 45 '5 Southern Pacific 4%s Southern Ry gen 48 ' Southern Ry 18t bs '94. Southn Rw: gen 63 1956, Soutnern Ry dev 6148 '56. Third Ave 1st ref 45 '60 Third Ave adj 5s ‘60 Ulster & Del 5s ‘28 4 Union Pacific 15t 4547, Union Pacific 48’68, . Union Pacific ref 45 2008. Virginia 1ty 1st 53 6. Va Ry & Power 68’34, WaDash 4158 1978 Wabash 1st 58°39 Wabash 53 B 197 ry Westn Maryland 6% :v stern Pacific 6s "4 ..(Continued From Eighth Page.) High. Low. Cl 55 3B Net Chse. - 3% an 1 2 1% 2 Pl — nLow 101 8 135 3% ose, 51 Spdstton il 4% in stock » P Stock and divide: ) Wilson & Co pt. Woolworth Co ( 3 Worthington Pump. .... Worthngton Pump A (7) Worthngton Pump B(8) Wright Aero (2)....... Wrixley Wm (4). Yale & Towne (13)..... Yellow Truck & Coach. . Young Spring (3)...... Youngston Sh Zenith Radio RIGHTS—| Allis Chalmers, Dec 31. . Am Rolling Mill.Feb 15 Bangor & Aroos, Nov 9. Bucyrus Erfe ...D Case, (J J) Nov 19 Columbn Carbon > Det Edison Dec « Gen Asphalt. Nov 7. Kreuger & N Y Central. North America Reynolds Spr . Utd Gas Jmprov, L payments based on the l; *Unit of trading IPlus $3 In oI 188t year—no resular in stock. d Payabl £ Plus 10% in & P in atock. k Plua 1'3% » share in stock. wh n stoc! stock. h P stock. n Plus 1/35 of & share in 7% 9% 1064 1004 5 1061 95 90 108% —1% 9% — Ih 100 + % 8T — % —2% 106% 1% 100% 9415 -3 BO% ~ 4% 934 —1° Hich. Low. Close. 11 A% 11 m"® 4 3% In stock. | financial condition, |-operation with renewed vigor. WALL STREET POOLS __ (Continued From Seventh Page) for investment,” remonstrated the pool anager. . 80“': were,” replied the head of the investment trust, “but our books show a loss on many commitments and we cannot take on any more stock until the market straightens out. Our capital which can be used in that way is ex-| e pool after 24 hours' he- | e manager, - roic effort, was able to secure additional | financing from other sources, avoiding | bankruptcy only by the skin of his teeth. The market recovered and he succeeded in advancing the price of his | stock some 12 points. At this stage of the proceedings the investment trust an- nounced that its position was ifproved it was ready to buy more of the stock. The pool turned over to the trust, at a profit of 7 points, a large part of the shares bought on the deciine. This transaction 1grrntly improved e'll"lA! :‘ph;l‘r‘:\ of the manager, as well as his| Pea . nd he took up the | But after advancing the stock 5 or 6 more points he was called one day on the telephone, The investment irust that investment trust buying should prevent reactions of market prices, it is true that the resources of the invest- ment trusts form an important “back- log"” of investment purchasing power which will act to steady the market over the “long pull.” That steadying power is exerted, however, only to the extent that the investment trusts con- centrate their proper function, which is to select and hold sccurities for long- term investment. Other market operations, I venture to say, will not be profitable for the in- vestment trusts over long perlods of time. Speculation is not a business which should be intrusted to corpora- tions operating under fixed limitations, and under necessity of making payments | to stockholders at fixed intervals. But | after the experience of October it will | prebably not be necessary for the in vestment trusts to listen to a lecture by | me on this subject. They are already | singing a more disciplined song, and their operations are becoming less dis concerting to the “professional” specu; mmunity. Wopsrient. 1033 by Current News Features, nc.) . PARIS BOURSE PRICES. PARIS, November 16 (/).—Trading was quiet and prices were steady on the | Bourse today. Three per cent rentes, 80 francs 15 centimes. Five per cent loan, 105 francs | 55 _centimes. | Exchange on London, 123 francs 86'% centimes. The dollar was quoted at 25 i centime: 1 WILL SELL $1,500 Smith Bldg., 6%, 1937, @ 70, $3,000 Corcoran Courts, 7%, 1935, @ 92%4. Arlington _Apts, 1st Mort. 15 %, 1943, 5. 16 Units Wardman Mortgage Discount. Bid. 25 F. H. Smith 7'4% pfd. @ 42'4. 2 F. H. Smith 7% pfd. @ 40. 10 International Bank @ 92'5. 50 North American Development ‘Escrow” @ 70. 500 Miller Train Control @ 95¢c. 100 Washington Baseball @ 55. 10 Virginia Plate Glass, V. T. @ 50 Great Nat'l Insurance @ 18, 16 Capitol Title & Guarantee pfd. Bid wanted. 50 \V.‘B. Moses & Sons 8% pfd. at 6%, 100 Vasco Products 8% pfd. @ 6';. 150 Union Finance 8% pfd. @ 9'¢. 100 Trust Co. of Northern Va. @ 94, Northern Va. Investment. Bid. Central Trust of Maryland. Bi Atlantic Seaboard Airways. Bid. THOMAS L. HUME 1412 G St. Natl. 1346, 1347 & Interest Compounded Twice a Year To become successful gne must be “thrift Success means effort and oftentimes sacrifice, but success is the highest ideal of one’s ambi- tion. Systematic saving through this will instill in you that will start you on the Dollar or more will open your account. Christmas saving checks soon to be issued will be accepted on accoun COLUMBIA ASSOCIATION 716 11th UNDER GOVERNMENT SUPERVISIO! GROUP INVESTMENT AND THE INDIVIDUAL THE VERY FACILITIES that investors, individ- ually, do not have and necessary in safe investment, may be obtained in an investment trust. effect, are but groups of persons who have brought together their individual funds, large and small, to get the high degree of safety and pro-rata profic made possible by mass invest- ment under skilled management. 1f you have a keen desire safely and profitably—placing it under special- ized management where gram is based on reliable statistical data—you will be interested in learning about Investment Corporation of North A Write for letter 11-S which gives full details. [OMPAN [nvesTmenT BPanker . Telephone National 2000 WOODWARD BLDG. MARYLAND TOBACCO | BRINGS GOOD PRICE| Unusually Fine Crop Reported. Method of Curing May Be Changed. Special Dispateh to The Star. | BALTIMORE, November 16. ~~Mary- | land tobacco growers have not made the best of the increased market for their product furnished by the in- creased use of cigarettes, according to tobacco brokers here, The annual crop | is about 26,000,000 pounds. which is not very much larger than the crop before the World War. Virginia, Florida, Georgia and the Carolina planters cure their tobacco by | fire in the same year in which it is cut | and sell it that year. Maryland growers | cure their tobacco by air. They store it in barns and let it stay there for a year. They market it a full year after it is cut. There has been a complete turnover in the method of disposing of the Maryland crop in the last 20 years, brokers say. For a number of years before the Europcan war France and Holland took about 75 per cent of the Maryland crop. Six or 7 cents was an average price per pound. With the great increase in the smok- ing of cigarettes which has developed in the last 10 years, 70 per cent of the Maryland crop now is taken by Ameri- can cigarette manufacturers. Its fine burning qualities make it de- | sirable in a cigarette mixture and the average price this year is around 26 WE WILL SELL All or Any Part 50 Shares F. H. Smith 737 Preferred @ 45 CAPITAL CITY CO. 509 Washington Bldg. Phone District 8291-8292 Certain Safety 61% First Mortgage || Notes These notes are secured on the highest type of northwest resi- dential property and represent a sound, safe investment and cer- tain return of interest and prin- cipal when due. Notes $100 up Limited Number Available BUYS VIRGINIA LINE. The Norfolk & Western Railway has | been authorized by Interstate Commeree | Commission to acquire and operate the | ff properties of the Big Sandy & Cumber- tand Railroad in Buchanan County, V: and permitted to lease th» Knox Railway. “Cree Clearing House Statement. NEW YORK, November 16.—Clear- balances, $277.000.000. Weekly exchanges. balances, $1,402,000,000. GERMAN BONDS AND STOCKS. Bid. Asked Ger Govt Red Loan with drawing Ger "Govt Red Loan drawing ctfs per 1. (Quoted in dollars without M... 2 | Hamburg 4325 1919, German Gen Elect 4125 1919 i e 45 Dusseldorf 4s ‘prélwar.. | Frankfort a-M Quoted in doilars Ber share.) A E G (German Ge Elec)... .. 44.00 A E G (German Ge El*c) pfd B Commerz and Privat Bank 41 arben 2 Disconto Gelliciit First Mortgage Notes 6% Glover & Flather 1508 H St. N.W. Naticnal 1753 Money to Loan 'y first it t iling ‘i st J«.pl\ 1 Weller L Wa. _Blds.. 9tb & F FOR RENT One Room, Kitchen, Bath and Reception Room. Electric Refrig- eration. THE ARGONNE 16th & Columbia Rd. Trost W, SAFE PR Seg s MEEEVERGOSG e 1415 K St. N.W. Nat. 4750 l Association spirit of thrift which road to success. One ts or cashed for you. BUILDING St. N.W. which are so vitally Such enterprises, in to invest your money the investment pro- merica. WASHINGTON, D. C. er a Third of a Century Without a have Loss National 2100 THERE 1S BECAUSE the Bonds of the Federal Security and Mortgage Company are: [ [ 217 130 8 v ing house statement as reported by Dow, | Jones & Co.: Exchanges, $2,105,000,000; | $10.693.000,000; ctls attached per 100 R M... 5900 61.00 AVOID COSTLY —Dby following the precedent set by those whose judgment in investments you respect. them as to the wisdom of buy- ing first mortgages and the unanimous opinion will be in their favor. 6% FIRST MORTGAGES the the interest that make them most attractive investments. May be purchased in amounts from $250 up. B. F. SAUL CO. NO SUBSTITUTE In Nearby Virginia 1 Prud 5 1/2 % Im;‘i:fi: Co. Commonwealth Investment Co. Phene Natiena) 338 The Commercial 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. Presideyt Offices for Rent in the Edmunds Buildmg 917 15th St. N.W. Opposite MacPherson Square The Wall Street of Washington Desirable suites of two to :six rooms now available. Very Low Rentals SHANNON:- & LUCH Manaoing Agents 1435 K St. NN\W. Nat'l 2345 PROGRESS With Us Where Your Savings Grow You Can Start Your Account With 51 Payable Monthly 5% Interest Paid on Your Savings Real Estate Loans On the Monthly Payment Plan Mutual Building Association 306 7th Street S.W. Organized October, 1892 Thomas P. Brown President. Thomas E. Petty Secretary. M ORITIGA'GE'S MISTAKES Ask Our security and hear 29: T5Sthe ISt N.W. FOR - SAFETY THE IDEAL INVESTMENT '/NQUESTIONED SAFETY 4 y 3 &7 1. Secured by small mortgages on properties in the District of Colum 2. Guaranteed by a strong independent Surety Company, with resources of over $5,000,000.00, under State and Government supervision. 3. Further guaranteed by the Federal Security and Mortgage Company, with a capital and surplus of over $750,000.00. 4. Trusteed by a large National Bank. 5. Mortgages appraised by independent experts of known reputation. 6. Legal investment for M Companies. tional Banks and Insurance Federal Security ¢ Mortgage Co. 1522 K Street N.w. —— CAPITAL & SURPLUS OVER $750,000.00