Evening Star Newspaper, November 19, 1929, Page 13

" FINANCIAL " BONDPREES AN | [ s BONDS oo | INSTEADY DEMAND U. S. Government Issues Are Strong—Convertible Group Practically Unchanged. Bpecial Dispatch to The Star. W YO Received by UNITED STATES. (Sales are in $1.000.) Sales High. Lib3%s... 156 9813 Lib 1st 4%s 36 100 29 Lib 4th 43 e 253 100 31 US3%s43. 3 9927 US3%sd47. 31003 US4s1944 18 10818 US4Yss3. 211218 FOREIGN. Sales. H Argentine 13 Argentine 6sJu 69.. Oet NEW YORK, November 19.—Bond |, prices advanced today in a good volume of investment buying. The improvement was general throughout the list, with United States Government issues still strong at their high prices of the year. Convertible issues were not turned over in such quantities as has been the rule of late, and their prices remained practically unchanged. Throughout the better class of in- vestment bonds the advances were small but significant. It was evident that considerable sums of money hitherto drawing big interest rates in the call money market and elsewhere were being attracted to this exchange. Some of the rails and public utilities reached rices from 1 to 2 points above the I evels of last week. Issues of the St. Louis-San Francisco, Southern Pacific, Unlon Pacific and Great Northern Rail- roads were among these. American Telephone 5%s, Standard of New York 4Y5s, Standard of New Jersey 5s, Phila- delphia Electric 55 and Columbia Gas bs (May, 1952) were up from fractions to a point. Japanese issues were the feature of the foreign list, responding with frac- tional advances in large sales to the snnouncement that the Japanese government had arranged a loan of $50,000,000 in New York to enable the raising of the embargo on gold ship- ments and the stabilizing of the yen. German descriptions were also higher, German Central Bank 6s (October, 1960) advancing a& point and German reparations 7s improving fractionally. In general, the dollar bonds of other countries were strong. Lautaro Nitrate 6s were an exception, dropping 4 points. Municipal loans were the ‘only new ssues announced today, the total being $3,600,000, made up of small amounts. The State of Kentucky announced it would seek bids for $11,667,000 of 5 per cent bridge toll bonds. ‘The fact that San Francisco was un- able to secure a par bid for $4.000,000 of 41%s indicates that the bond market is not yet ready for this class of financing. San Francisco has $41,000,- 000 of water bonds that have besm lying on the shelf for months awaiting a suitable bid. Washington St;achange [ SALES. ‘Washington Gas 55—$500, at 98%. Washington Gas 6s A—$1,000 at 100%4, $400 at 10015, Capital Traction Co.—b5 at 75. Potomac Electric 515% pfd. 10334, 10 at 1037, 6 at 10: 103%, 50 at 103 1 at 103%, 10334, 20 at 103%, 5 at 1033, 40 at 10334, 5 at 1033, 25 100 THE EVENING STAR, WASHINGTO Private Wire Direct to The Star Office PacT&T 1st 6 Pac T & T 63 62 Pan Amer Pets Paramount 63 1947, Pathe Exchange 7s. Peoples Gas bs.... PhilaCo 68 67..... Phila & Read 6 Philips Petro 5%s. Por Ric Am Tob 6s. Postal Tel &C§ Pressed St Cas RnA 5% Richfield Of1 Sinclatr Ofl Sinclair Of Sinclatr Of1 7 . Sinelair Crude 4% s South Bell Tel 6s... 823, | So Por Rico Sug Ts 90 |Stand Ol NJ4s... 91% | StanAON N Y ¢%w. 1 | Tex Corp cv 55 1944 163 United Drug s 63. . 93% | U S Rub 1st ri 99% | US Rub 734s. . Low. Close 984 98138 10023 100 26 100 23 10031 9927 9927 1003 1008 108 12 (0818 11212 11218 igh. Low, Close. 0 90 90 9644 95'a % 90 9644 5% 15 104% 104% 104% [ Utah Pow & Lt 6: 46 107% 1074 1074 | Utilit! 52 105% 105% 46 115 21 108% 107% %6 El Salvador 83 48... Finland 5% Canada 68 1931... Canada b5 1952 Chile 65 60 Chile 6s ‘61 Chile 7a 1943, Christiania 6: 14 1951 Czecho 8 1952 Danish Munt Denmark 43% . Denmark 5148 '55. . Denmark §; e DEI6%sNov5S.. Dutch East I 68 47.- Dutch East T 6s 63 Finlandsf Finland 7. French 73 3 17 874 864% 8 864 864 9614 8 100% 1004 15 98y 5 &8 1101 19 108% 108% 7 108% 1034 9 107% 107% . 3 88 13 99% 93% 4 108 112 27 101% 101% 4 101% 101% 11 102 5 R4% R34 6 89% B8O% 3 941 9L 10 1028 10214 . 25 109 18 112% 112% German Bank 6s '8 17 81 K0 German E1P 83 German 7s. 6 91 63 1054 104% owr 648 105% | Vertientes Sug 7, 114% 116 | West Elec . 107% | Westn Union 6s 51. 76 75 | Westn Union 6348, 88 88 |White Sew Mach 98% 957 | Wick-Spen cv 7. 764 76% | Willys-Ov 61 s 33 77% 78 | Win RepeatAr 7%s 80 80 |YoungstnS&T6s. 45 o s RAILROAD. 98% 98% | Atchison ad) 4 16 100% 100% | Atchison gen 4: R74 | Atch deb 4148 43 86% | Atlantic CL 4% 5 64 98 96 | Atl& Dan 2d 4548 8% Rith 101 87% 103 102 Bklyn Un E1 Bush Term con 84% | Can Nat 434830, 89% | Can Nat 4348 54.... 94% | Can Nat 4348 67, 102% | Can Nat 4% 8 68. 108% | Can Nor 41 s 1935, 112% | Can Nor 6%s 81 |CanNor1 102 105% a1 ‘ 77% | Can Pac s% 4 97% | Car Clinch & O 96 | Car Clin&Ohio 96% | Cent of Ga 6sC . 5 9% 98% Bales. High. . 14101 . High, Liee 39 1028 1021 Kreuger&To'l Bset 101 911 90% o 17 99y 99 .21 99 99 104 Chi & Alton 3s. Chi B&Q gen 45 53. 104 |CB&Q4%s 77 B.. 3 |CB&Q1strt 5 96 |Chl&E i gn s 6 83w | Chi Gt West 48 6 Low. Close. 100% 100% 83 101 101% 103 MOODY TO SPEAK. BALTIMORE, November 19 (Special). —John Moody of Moody's Investors Service will be the principal speaker at the luncheon of the Baltimore Bond Club tomorrow. Members of the Bond Club and a number of out-of-town guests will at- tend the luncheon. Cities Service Expands. NEW YORK, November 10.—The Cities Service Co., througb its subsidiary, the Crew-Levick Co., has taken over the holdings of the Consolidated Service Stations Co. and the Towoco Filling Stations Co., operating in Crawford and Erfe Counties, Pennsylvania. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Cn.) Nomins! gold Selling checks value (or par). 4.8665 193 38w, zloty. Copenhagen, cro Osio, crown’. Stockholm, crow! Special Dispatch to The Star. NEW YORK, November 19.— Ger Gov Red Loan with draw- ine, ctfs atfached per 100 (Quoted in Hamburg 4las 1919. .. X (Quoted in "dollars Béi thoisand mar) D. C., TUESDAY, B. & 0. REPORTS GAIN IN 10-MONTH PERIOD Special Dispatch to The Star. BALTIMORE, November 19.—During the first 10 months of this year business handled by the Baltimore- & Ohio Rail- road, especially freight traffic, was about 5 per cent greater than the same period in 1928, George M. Shriver, senior vice president of the road, told the annual meeting of the stockholders here yester- day. Shriver presided in place of Daniel Willard, president, who is con- fined to his horae with & cold. From the latter part of October to the present day, however, Shriver said, there has been a falling off of freight business handled by the B. & O. That decrease is about 7 per cent in volume over the same period & year ago. To what extent this falling off in traffic is due to deflation in security values or prices, he could not say Shriver said, however, he believed th= decrease is due, in some degree at least, to_that fact. The following directors were Tre- elected: Newton D. Baker. HBernard M. | Baruch, Delos W. Cooke, John J. Corn- | well, Robert Garrett, John R. Morron, | Frederick H. Rawson, Henry Ruhlender, | George M. Shriver, John F. Stevens,, Paul M. Warburg and Joseph E. Widener. | Over 19,573 stockholders of the road ! were represented at the meeting, either TRUSTEED SHARES INVE! for_ 4 demand — SAFETY. ‘GROWTH_of principal. NOVEMBER 19, 1929. Money to Loan b - O TR X Joseph I. Weller 4575554 T BRITISH TYPE INVESTOKS UNITED FOUNDERS MUTUAL INVESTMENT TRUST DIVERSIFIED TRUSTEE SHARES Analysis on Request MARLOW-BEECH CORP. 1732 Conn. Ave. Pot. 6167 to 'long-term in: German Gen Elec 4!as pre-war 23.00 24.00 German Gen Elec 4las 1919 0 Berlin 4s pre-war... Hamburg 3s. 3128 & Hamburg American Line 4 North German Lioyd 4128 Krupp 5s 1921 Dusseldor{ 45 _pre-w: Frankfort a-M 4s pre-wal 4 Munich _4s pre-war e | (Quoted in_doliars per ‘share.) A E G (German Ge Elec) 44.00 A E G (German G Elec) ptd B Commerz and Privat Bank... arben ... Disconto Gellschaft’ Berliner Handles Dresdner Bank Deutsche Bank Darmstaedter Ban Hevden Chem . Mercur Bank_Vie Nor Ger Lioyd. Austrian A'E G StL IM&S R&G 4 SIL&SFplds A SIL&SF 4%878 StL&SFoprinb St L&S F gen 6s 3 StL S W con ¢n32.. StL S W 58 62. StP & KCShL 4%s. St P Un Dep bs Seab AL ref 4 Seab AL ¢ st . Seab AL adj bs 49.. Seab AL con ¢ . 26 SBAIFlaésibA. 20 Sou Pac 4%srets.. 17 . 10 Sold in Lots—$100.00 Up Call or Write Standard .Collateral Shares Corporation Wood d Bullding. Met. 3783 Consult Us First If need money for our {loe‘:’l Estate financing etd us have your application today. Prompe Service No Appraisal Fee The Comm:;c:-‘-l National Company Pata up Coch Capiia Commereial Nationa) Ba: merelat s and @ ComrpLETE FINANCING Sou Pac 4%8 69 ww | Sou Ry gen Sou Rv con bs. Sou Ry 68 66.... Sou Ry 6%s 39 21 12 3 5 Tex Ark FS 534860 21 Texas & Pacific 1st. 25 Tex & Pac 6s B 1577 12 Tex & Pac6s C179.. 58 Third Averef 4s 0. 2 Third Ave adi 6 Union Pac 1st rf Unifon Pac 4 Ist & 2nd ‘We Invite Applications for FIRST TRUST LOANS on Improved Property tn NEARBY MONTGOMERY CO. AND_THE DISTRICT OF COLUMBIA Periods of 3, 8 or 10 Years Our keen perception of every possible contingency in the mat- ter of avoiding tedious delay and annoyance is a definite advantage to builders or prospective mort- gagers. DTN 1417 K St. National 9300 TRUST MONEY On homes, apartment buildings and FINANCIAL We Recommerid for INVESTMENT the immediate Purchase of AMERICAN FOUNDERS CORPORATION COMMON STOCK We Also Recommend the Purchase of UNITED FOUNDERS CORPORATION COMMON BROOKE,STOKES & Co. Washington Phone Distriet 2672 732 17th St. N.W. % Interest Compounded Twice a Year To become successful one must be “thrifty.” Success means effort and oftentimes sacrifice, but success is the highest ideal of one’s ambi- tion. Systematic saving through this Associal will instill in you that spirit of thrift which will start you on the road to success. One Dollar or more will open your account. Christmas saving checks soon to be issued will be accepted on accounts or cashed for you. . COLUMBIA BUILDING ASSOCIATION 716 11th ‘St. N.W. UNDER GOVERNMENT SUPERVISION Zanston Monotype—30 at 105, 5 at 105. Merchants' Transfer & Storage pfd.— 10 at 98, 2 at 98, 30 at 98, 3 at 98, 15 at 98, 5 at 98. AFTER CALL. ‘Washington Gas 55—$500 at 98% M&?:nhl;ulef Linotype—10 at 102% 0: s ¥ ional Mtge. & Inv. pfd.—100 at 4. 99 64 TiM P les Drug Stores pfd.—10 at 103, 10 20 R7% R6 103. 3 10214 1024 Real Estate Mtge. & Guar. pfd.—400 at 7%, 6 1004 100 8 1084 108% ‘Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga. 4'as. Am. Tel. & Tel. ctl. tr. 5s. s Pot. R. R. 5s. properties. No appraisal fee. Prompt service. Real Estate Mortgage & Guaranty Corp. - 24 Jackson Place Natl. 1403 « 1R 10215 1024 « 33 101% 100 7 %6 RE% 4 9Fs, 95w 18 100% 100 B7 102% 101% 12 76% 74 2N 2z Union Pac 4 Virginia Ry 1st 6. VYRy&Pés.. Whbash 4148 78 rets Wi Now is the Time for investors to purchase fixed income-bearing securities Paris Orleans 634s. Paris-Ly-Med 6 A substantial improvement in the bond market is already apparent and as the demand becomes stronger prices will naturally advance. .2 Sta 44se.... 12 Chi& W ind cn ¢s.. 9 C& WI15%s62 13 CCC & St L 68 D. Rhinelbe U1. 7; Rhine Wat EP Phine Wst E P 65 61 19 RhineWst EP 78 50 15 100' 100% Riode Janerfo 8% 10 79% 71 RioGrdoSul6sds. 9 66 65 Rio GrDo Sul8s... 18 94% 9% Many sound issues now afford a yield which WO RITCAGE S is unusually attractive. Our recent circular SAFE PE¥RST EXPERIENCED Attractive High Yielding Investment Bonds INVESTORS POINT THE WAY TO SUCCESS You'll find in the strong boxes of the shrewdest finan- ciers significant evidence of their belief in first mortgages as a safe investment. Our 69, FIRST MORTGAGES qualify under the most criti- cal scrutiny because they are supported by real estate of value, and with the inter- Del & Hud 1strf Sao Paulo 1950 Den & Rio G cn ¢ en A . T gl.lg“:"'égt:\fr!l;:; 5 Sazon (PW) 7 contains a diversified list of bonds which, in our opinion, are reasonably priced at current levels. ons. 5 s 1953 1 x. & Mt. Vernon cif. . & Annap. 5 ton Gas 5 DRG& Wst 68178, Det United 4% Shinvetsu 638 52. . Duluth SS & At Sotao 33 103% 1081 12 101% 101% Ask us for a copy. 5t 102 101% 5 108% 108% ries 6s,. series B wy. & Elec. 45. MISCELLANEOUS. Barber & Ross, Inc. 6l Cham.-Vanderbilt_Hotel Chestnut Farms Dairy 6 Chevy Chase Club 5V . C. Paper Mifz. ot. Joint Stock .M. Cold Btorage 55. ‘Wash. Cons. Title 6s. STOCKS. PUBLIC UTILITY. Wash, Wash. % v :w;ll Confed 8 100 ‘oho ElPow 7s... 2 98 107% | Tokio bw. . . e B T4u :Z: Toklo 548 1961..., 11 87% 87y Ut Kingm 5“!0". 32 102% 101% 23 Fia East C6s 74, Gr Trunk st db Uruguay 6s 1 97 o4 Uruguay 8s. 99 99 Vienna 6= 52 P08 RO% Warsaw 78 '5: 63 68 Yokoham: 3% 93% MISCELLANEOUS. Alleghany Cp 6844 217 9914 Alleghany 5s 49 wi. 28 100 AmAgriChem T%s. Am Int Cor 6%s 49. 63 STEIN BROS. & BOYCE Established 1853 Woodward Building WASHINGTON, D. C. Main Office: Baltimore, Md. Over a Third Hav EI Ry 6%s 51, Hud & Mana) ofa Hudé&Man ref Int Rapld Trans oR1L 9814 104% 96 Century Without a NATIONAL BANK. National Capital. 1g8s .. ... 8rcond National Bank of W TRUST COMPANY. American Security & Trust Co. 420 Cortinental ... 2 133 Merchants' Bank National Savings & Tt ... . & a0 SAVINGS BANK. Bank of Bethesda 210 285 Trist. Uni ‘Washington Mechi FIRE INSURANCE. American Corcoran iremen s ational Union.". A 3 TITLE INSURANCE. Colymbia Title Insurance eal Estate Title itle & Inv. of Md.’ com. vash. Cons. Title rtd MISCELLANEQUS, Barber & Ross, Inc.. com Chase Dairy i and & Gra Natl. Co. pf Mig. ptd Securities pfd torage pfd 4 ederal-American Co. com ‘ederal-Ametican pfd. .. Merchants' T Mergenthaler Linstvpe. . 102! Natl Mige & Inv ptd 3 " eoples Drug Stores pf : b eal Estate Mige. & Guar. pfd! | 7 13 g Wasn_Meaical Biag. C Woodward & Lothrop pfd. *Ex dividend. . SHORT-TERM SECURITIES. (Reported by J & W. Seligman & Co.) Bid. Offer Allis-Chalmers Co, 55 1937, ‘Aluminum Cc of Amer o3 Amer. Rolling Mills 55 1948 Del, i35 104 bz 4 1937 0. % | Am Chem 6%= cv 49 37 Am NatGas 634842 1 AmSmit& R 1stbs 14 Am Sugar Ref Ain T&T ev 4% Am Tel & Tel 63w, Am Water Wks bn Aromur&Cos 1,39, Armonr Del h1 Associated Of1 At1Gulf 58 69, Atlantie Refin s, Rell Tel Pa 6x B. Rell Tel Pa fa C. Rethlehm St pm Rklvn Edfeon fs... 3 Rush Term Bldz 6 11 Certain-Td 6% s rete Chila Copper Colon O11 6s°28.... 19 Col G&FEl bs May 62123 Com Invest 6= Consumers Pow 6s. 6 Cuban Am Sug 8 Det Fdison 6x40..,. 17 Donner Steel 78. ... Duaquesne 4145 67. . Fisk Rub8s....... TFen Cable 6% 5 47. . Gen Mot Ae Cor Gondrich 6% s Goodvear fu rets Fun.ble O11 § Humhle 0 & Ti1 Rell ‘el bn 11 Stee) 414n 40 Inland Stl 4348 7 Int] Cement Bs: Int] Mateh Bn 4! Inter Paper 6 Int Tel&Teleg 4% .. 7 ° Int Tel&Tel 4%8 cv 107 7 5 6 n Ligeet&Myers 5561 :4 Lorillard P) Lou Gas & E! b: McCormek ER 6534 20 Midvale Steel 68.. 107 Montana Pow ba 43 Montana Pw deb bs 100 67% 100 Int&G Noradiés§ 6 Int RysCA6s72.. 1 Int RysCA 6%srct 16 = 101% Iowa Cent rt 105 Kan City Term 4 Lake Shore Lehigh Valley Long 1368 37. Louis & Nash 6 B, Louls & Nash 63s. Louts & Nash 7 Market St 78 40. ... Mill El Ry&Lt 4%s Mil EI Ry & L 63 61 Minn & StL ref 4; Minn & StL cn 5s. MStP&SSM6s38gtd MK&ToprinbsA. Mo Pacific gen ¢s. 5. Mo Pac 5348 49 5 Mont Term ref bs 41 NYState Ry 6448 6. NY Sus&Wn gen b8 NY Sus&Wn 68 37. Nor & S gen 68 64. . Norfolk & W en ¢s. Nor Pac Nor P: Nor Nor Ore Short L bs gtd, Ore Wasn Ist 4 1041 1014 110% 1031y Bobe ample Loss sured. National 2100 THERE IS NO SUBS est, liberal as it is, positively as- May be purchased in amounts from $250 up. B. F. SAUL CO. 925 15th St. N.W. TITUTE FOR SAFETY 6 jacent Maryland ment funds. SAFE...PROFITABLE +.+«. CONVENIENT First Mortgage Notes —secured on conservatively ap- praised, improved properties in the District of Columbia and ad- .+ . Permit us to offer our facili- ties for the placing of your invest- % suburbs American Can Stock Exchanges 1 i i 4 [DNVHD X TO persons interested in common stocks for long term investment, we shall be glad to make specific recommendations as to prices * at which we suggest the purchase of the following securities: Northern Pacific Ry. American Smelting & Refining American Telephone & Telegraph American Tobacco “B” Atchison, Topeka & Santa Fe R. R Baltimore & Ohio R. R. Chesapeake & Ohio Ry. Chicago & North Western Ry. Consolidated Gas of New York Members: Kennecott Copper New York Central R. R. J-A.lW. Iglehart & Co. Investment Bankers 719 15TH ST, N. W,, WAS"IINGTON, D. C. Robert Stead, Jry T ‘dent Manager Members NEW YORK, Baltimore and Washington Associate Members NEW YORK CURB EXCHANGE Washington Clarksburg. Wilkes-Barre Wilmingten New York Stock Exchange New York Curb (A4ssociate) Baltimore Stock Exchange Richmond Stock Exchange Mor's&Co 1at 4148 Nat Dairy %8 NewEngland Tel 105% 1004y 881y 102 ESTABLISHED 1889 Pure Shell ain P e 3 PCC&StLbs A : 9 Port R L P 68 47 3 Y Thl 08¢ Port RL&P 148 Reading xen 6348 A Reading J C4sb1.. 100 |R1Ark& L 4%, 1021 102% RIC.G West cl 48 100 100% Stl IM&Sgnsasl, 13 H. L. Rust Company 1001 15th St. N.W. National 8100 U Va8 () 'r& Jerse 108 11 1004