Evening Star Newspaper, November 22, 1929, Page 13

FTN HIGH-YIELD BOND LIST SCORES GAIN Speculative Rails and Indus- trials and Foreign Dollar Groups Rise. Special Dispatch to The Star. NEW YORK, November 22.—Bond prices continued their progress today, with interest centered chiefly in the more speculative ralls and industrials A and the foreign dollar loans. With United States Government bonds and descriptions available to sav- ings banks and others requiring invest- nts of a legal character, at or near thdpr high prices for the year, investors turned to the high-yield list. This sec- tian, which suffered most in the recent wave of forced selling, is now making an equally rapid recovery. While this is most apparent among the junior bonds of the railroads, it also applies to industrials. Increases of fractions to over a point were the rule among the junior rails, Chicago and Northwestern 4'is were up 1% points. General Motors Acceptance 6s. In- ternational Match 5s, New York Tele- phone 6s and Remington Rand 5!3s were all higher by fractions. An exception to the general trend weére the Pennsylvania Dixie Cement 6s. These bonds, after a spectacular rise of 15 points to 75 yesterday, opened today at 6615, down 81, points. Convertible issues were quiet. Trac- tions improved and ofls were irregular. Bros. 6s were up fractionally, International Merchant Marine 6s at 97 were 7 points above the low price of the year, at which they sold last week. One of the most striking evidences of the swift change that has come over the investment situation was the offer- ing today by one of the large institu- tions of a miscellaneous list of nearly $5,000,000 in bonds. Nothing like this has been witnessed for many months. Washington Stock E}change SALES. ‘Washington Gas 6s A—$1,000 at 1004, $100 at 100%4. Washington Gas 6s B—$1,000 at 102%. Capital Traction Co.—1 at 75, 5 at 75, w;gmmn Rwy. & Elec. com.—10 at Washington Rwy. & Elec. pfd—10 at 92, 13 at 92, Federal-American National Bank—10 at 290, 10 at 293, 30 at 295, 20 at 295, 18 at 295. uu;cr;.lrlnr Transfer & Storage pfd.—10 Al . Mergenthaler Linotype—10 at 103, 10 8t 103%, 10 at 10315, 10 at 103’ Pe:rl;%xnrul Stores pfd.—10 at 103, 10 Real Estate . & . pfd. el Esiate Mtge. & Guar. pd.—800 . AFTER CALL. Merchants' Transfer & Storage pfd.— 20 at 111, Pa:&ml:c Electric 5':% pfd—10 at Federal-American National Bank—10 ”lt 295, nthaler Linotype—5 at 103%. elosed tomorrow, November 23. NOTICE—This _exchange will be Bid and Asked Prices. Capital Tracty City & Suburban 58 NTTA Received by Private Wire Direct to The Star Office Sales. High. Low. Close. vt N Y Tel 68 4 106 105% 106 B s et o N X Teisd 3 110% 110% 110% b O] 2, | North Am Edis 6a.” *1 98% 9815 _98m TR lgl :33’? }3?,,{{ NoAm Ed 6% . 11015 101%7T0 5 Libdthexe 88 101 i Nor Ohio TrécL 6 b4 95 954 ion i . Usiwed. 181004 1002 1004 | Nor States Pow 1 1014 100 10 Deflation in Brokers’ Bor: . Nor States Pow ¢s. 2 105% 105% 105 f : uUs 5 10522 10522 10522 s & 10820 10820 10820 | Pacino Gus & E1 bm. 50 1003 1004 100w rowings and Stock Prices 9 11222 11222 11222 Pac T & T 1st b . .. PacT&T6s62.... 1 1034 1021 1034 Eases Credit. FOREIGN. Pan Amer Pete 65.. 2 104 104 104 Sales. High. !nv-fl;;'- Paramount 631947, 17 97 964 97 ¥ ; i sl D b BY CHARLES F. SPEARE. | 11 98 98 23 Special Dispatch to The Sta: 12 88 97 9% | phillps Petro NEW YORK, November 2.—The defla- 24 97% 934 97! | Plerce Ofl deb 8s tion in money rates is keeping pace « 1498 974 98 |PporRic Am Tob with the deflation in securities and in Argentine6s B..... 60 97% 97 974 | Postal Tel & C§ the totals of brokers' loans. It is not Australia 4% 86... 50 85l 84N Feh confined to the American market, for Australla Gs 1985, 13 9215 91% 024 the Bank of England has reduced its Australia §51087... 21 92 93 . 82 rediscount rate to 51 per cent from 6 el SATL8) EIRERIEDES per cent and the Bank of Norway made Bank of Chil 23 91 -90 91 a similar cut. Last week three of the Bank of Chil 24 94 94 U Sinclatr Of1 6 European banks of issue—namely, those L 28 100% 100 100 | Sinclatr O11 of Belgium, Holland and Poland—low- 31 105% 104% 105% | Sinclair O1) ered their rates one-half of 1 per cent. 66 108 1075 108 | Sinclatr Crud Another drop in quotations for bank- Belgium 78 195 34106% 105 1064 ers’ acceptances was authorized yester- Belgium 7%s NATIONAL BANK. National Capital 215 278 Sokiarais Oumite! Q0 0 258 265 s 3% 295 300 218 300 Netional e res éfinlfl : ational Bank 3o TRUST COMPANY. American Sccurity & Trust-Co. 425 460 Cortinen o 133 . ferchants’ Bank .. i%0 " 150 ational Savings & Trust 525 600 Bion Trust . or. o o 30 Washington Loan & Tri 52 SAVINGS BANK. Bank of Bethes " Commerce & Sa East Washington. ... Potomac _ . Becurity Sa Beventh St Tnited States ashington Mechanics' . FIRE INSURANCE. vings & Com reet. American Corceran . Firemen's Fire National Union TITLE Columbia Title . Real Estate Title Title & Inv. of Md. com.. Wash. Cons. Title pfd.. ede! Lanston Monotype. Merchants' Trans. & Merchants' Trans. & Mergenthaler Linotype Natl. Mtge. & Inv. pi Driig Stores pfd. ... & Guar. pf Btorage Stor. pf oot e state Becurity !lo& ech “Mtge. ‘com. | Wash_ Medical Blde Corp Woodward & Lothrop pfd....... *Ex dividend. 1% extra. TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) Rate—Maturity. id Oer. Dec 15, 192! 2 iz b [ ii I b rat e SHORT-TERM SECURITIES, (Reported by J. & W. Seligman & Co) Bid: Offer. Allis-Chalmers Co. 55 1937....., 98 99 lum. Co. of Amer. 85 1957.0000 101 Amec. Rolling Mills ‘53 194 6 ¢ o Armour & C 821, it. & Ol s 9 Bat.” Petrol 91 43 Beli Tel. 101 Calit, Petroleum Corp, 5'2s 9 ' 99 Canadian Nat. Rws. 41,5 1930.. 9% 100 Canadian Nor. Rwy. 4145 1935.. 0i1: g9 & Ohie 1930 9% 100 year T. Trunk of Pa Swift & €o. A Union Oil Co. of Cx United Drug Co. 55 1955. tern Electric Co. bs eeling Steel Corp. 528 Am NatGas 6%s 43 AmSmit & R1stbs 18 10115 1004 100% Am Sugar Ref 6 AmT& Tecltrés AmT& Tsf6s. Aromur&Cod 15 Armour Del 6%s At1Gult 58 69, Atlantie Refin b3 Bell Tel Pa6s B, Bell Tel Pa 65 C, Bethlehm Stl pm Beth Steel 5% s 6 Bethlehem Steel Bklyn Edison 6s. Bush Term Bldg 68 Con Gas N Y 6%#. . Cuba Cane 8s. . Cuban Am Sug Den Gas 63 Det Edison Cor Goodrich 61 Goodyear bs rets. | Humble Ol 63 Humble O & R5%8 111 Bell Tel 6 111 Steel 4168 40... Inland St 4%s 78, Intl Cement b Intl Mateh 6w 47 Int Mer Mar 6s. Int Paper 6s 47. Inter Paper 63 int Tel®Teleg 4% KanG& B Laclede G 6% Lautare Nitrate 63 LiRRet&M: 6851 losw's Ine . Loew's 68 w o war. Lorillard ‘P) s Lou Gas & I 6s 63 Manati Sugar 748 Midvale Steel Montana Pow bs 43 5 102% Kreuge: 934 92% Lyonsés... 20 100% 100 Marsellle 18 100% 100 Mex 45 1904 asnd. 1 11% 1% Mexico4s 10asnt.. 33 11 104 Milan 6%s. . .24 85 Baw Montevideo 7s. 4 98 974 Netherlands 6s73,. 1 105 105 1] 6 904 90 27 102% 101% .22 96 96 . 21 100 99% « 15 115% 115% 116% « 75 109% 108% 109% 9695 13" 18 . 42 954 9y 95 Rordeaux 6s. L 68 1005 100 100% Brazil 618 1926.... 79 87t RSN 85% Rrazil 6%s1927.... 80 8% R7 88 Brazil 7 7 &714 8714 8T% Brazil 8s. 91 101% 100 100 men § 4 100% 100% 100% Canada Bs 1931 53 100 wok 99%, 10214 1024% 88 R9 89 Chile 78 1943, °9% 9T Colombia 6s Jan ‘61 23 756 74 Con Pow Japan7s.. 7 984 084 Copenhagen 4% s 63 17 887 88% CopenhagenSsct.. 6 94 9¢ Cul s . K101 101 101 Czecho 8s 19 L AT 110% 110 1104 | ©zecho 8 195 . 5109 109 109 Danish Munfe 82 A. 2 108% 108% 108% Danish Munic 8s B, 3 109's 109 1094 60 89T 8% RO% 3100 99% 100 4 103% 103 3 101% 1 El Salvador 85 48... 1 105 105 105 Flat 7s war"46..... 18 104 104 104 2 91 904 904 4 R4 RE BBY 18 8% 944 95% 6104 102% 104 7 112 110% 112 29 116% 116 116% German Bank 6s '3 14 85 K4 86 GermanEIP6%s.. 20 93 92 93 German 7s. 41 107 106% 106% Ger Gen Elec 78 R 98 97 98 Greek €3 1963..... B2 F0% £0 R0l Hatt18s. ... 2 98K 93, 98 Holland-Amer 6s... 5 96% 86% 964 1024 So Por Rico Sug Ts Stand O1l N J 46. Stand OIIN Y 44s. Tenn Copper 6s ¢ Tenn Elec Pow §: 7 104 Westn Unfon Westn Unlon 634s. . White Fazle O 51 . Wick-Spen cv 78... Wilson & Co 1st 6s. Win RepeatAr 73 Youngstn S & T & RAILROAD. . 16 Ann Arbor 48 Atchison gen & Atch deb 4%843... 75 Atlantic CL 1st ¢s. 18 AU &Danistésds. 1 927 100% 1004 1% 11 R4y 7% 106 904 0244 96 100 1 7 102% 10214 1024 « 11 1025 102% 1024 ; 101% 101% 101% : 874 87 87 10 98 6% 98 « 43 1014 100% 101% 3104 104 104 9 76% 76% 76% Peru 6s 1961 9 5 T4% T4% Peru7s..... 319 90 90 Poland 6s 40 «1% 95 78 T8 Poland 7s (rets)... 29 S1% B8i% 81% Poland $s. .., - 2 98 95 9% Prague 7%s ew 9104 104 104 Queens| 12 101% 1014 101% Queens] 2 108 108 108 5 97 964 97 Rhine Wat EP 65’52 24 831 R0u 83% Phine Wst EP6s61 10 91% 91 914 RhineWst EP 75 60 15 100 100 100 Rlode Janerio 6%s 47 78 764 78 RiodeJan8s1946.. 5 101 100 100 RioGrdoSul 6s48. 5 75% 754 16% Rio Gr Do Sul 6100 100 100 18 85% R3% KBl 22 96 96 96 Sao Paulo 1950 1293 9214 924 Saxon (PW) 20 93% 93k 931 Seine 78 43. 10 106 105% 1054 12 75 1% 78 9 B5 83% R34 7 86% 86% B86Y 4 99% 994 99% 9 104 103% 103% .24 102 102 102 . 16 1023 1024 1021 10 110 110 110 9 984 984 98 5 T5% T84 T6% . 16 B8R 87K &8 Utd Kingm 6%8 37,103 103 102% 108 18 96% 95% 95% 5103 103 103 8 B2 R2K A2% .15 73% 724 734 . B 9% 94K 4% MISCELLANEOUS. S%s 8 99% 9B 99% 2 101% 102 101% 102% 103 104 961 9814 . b 98% 98K 984 Am IntCor6%s549.106 99 981 98y Am Chem b%s cv 49 55 105 1031 105 1 64% 64'h 64% 14 10215 10214 1021 Am T&T ev4l%n i) 618 145 H1 141 57 103 102% 108 77 104 102% 104 93 105% 105% 106% 6100 399% 100 16 KT% BTH% KT8 83% R2% 83y 70 69% 70 11 101% 101 101% 6 102% 102% 102% 6 105 5 100% 100% 100% 63 104% 104% 104% 119 104% 104% 104% 1 103% 103% 103% 2 9915 99u 9% Certain-Td 6%srcts 16 T4 70 13 2 61 100% 100 9 44 RRly 6 69 3 3 9% 99% 99Y% 1 L1 a0 6 106'% 1065 1068% e 4T % a2 50 Int Tel&Tel 4 %8 cv 55 129 7 23 101% 101% 101% 3 86 5 7103 5 8 104% 104% 1044 8 101% 1014 101% 60 1 McCormek ER 68°3¢4 3 99 u 13 102% 102 102% 10434 74 95 8214 6 83 87 91k 9% 634 £214 « B2 106% 105% 106% 405 40y 100 100 100% 102 9T ags 9% 100 9914 . 14 105% 105 a1 1004 103 9R% 9314 89 1% 94, 128 104 104 851 102% 10214 1018 95 94 68 60 9 99% 9RL Montana Pw deb bs 45 98K 9K Mor's&Co 18t ¢ 22 9% 9% Nat Dairy 6% 189 984 0% Nat Radiator 6%4s. 45 264 251 NewEnglana Tel 68 52 104 104 !N Y Bdison ba 4 104% 4 95 R2Y% 100 RRY 9% 6214 401 100 101 D414 102 a7y 98ly 9914 1051 9l 100 100y 103 104 6 1021 103 95 ¥ 99 98y 9% Bang & Aroos 45 51. 1 83 83 Boston & Ma! . 65 8% 98% 98y Brooklyn Elev6i4s ! BRily Bdls 84l Bklyn Manhat 97 W 93U 9 BklynUn El16s50.. 3 B2% B82% 82% Bklvn Un Elbssta. 1 8¢ 84 84 Buff R & Pitts 11 89% 59 B9 Bush Term con 5 92w 924 8ok Can Nat 4%s 30, 4 99% S9% 99 Can Nat 4%s 64. 2 93 93 83 Can Nat4%s 57, 3 98K 9634 984 Can Nat 4%s 68, 2 93 92% 93 Can Nor 61 1 113% 1134 118% 7 Can Pac 4%s 46 Cent of Ga 5sC Cent Pac 4 Cent Pae 1st Ches & O Corpn bs. Ches&Ocvils... Ches&Ogendl%s.. 2 98 93 98 Chi.B&Qgen4s63.. 1 91% 91 91% Ches& O 44893 A. 20 95% 95% 95k CB&Q4%s77B.. 26 97 964 97 CB&Qlstrfbs... 9 105% 105% 105% Chi&E Il gn 68 61.. 34 76% 76 T6% Chi Gt West 4s 9., 10 64 63% 634% 99% 998, 101% 101% 3, 944 Chi MIISP&Pac6s76 291 934 93% CMSP&Pac adi6s03 49 73 72% 721 Chi N W 41482037.. 30 96% 96 96% 1 Chi Union Sta 68 44 Chi& W Ind cn 4s.. 5 1 1 2 1 Del & Hud 1strfd4s, 3 82 92 92 D& Hudcvbs36... 2 98% 98% 98% Del & Hud 53%4s.... 6 103% 102% 1034 Del & Hud 75 30.... 11 100% 100% 100% Den& RioGends.. 72 92 91% 91% Den&RioG 4%836.. 22 93 93 93 DRIoG West6s... 21 92% 924 2% DRG & Wst 63 1! ‘ 90% Det United 4 %! 97 Duluth SS& A 2% ErieGen 4s. . % 9% Erte 1st cons 4s. " 3% B3% Erie conv 4s B. 15 84 83% B84 GreenB& W HavEIRy65%s51, 13 84 '8¢ 84 Hud & Man a) 6 38 78 17 8 Hud&Man ref bs... 40 96 95% 95% Hocking Val 4%s.. 2 96 96 1 2 Int RysC A o I8 5% IntRysCA6%sret 1 91% 914k 91% Kan City Ft 8 ¢, B 94% 9% 944 City 8 3s. 398 16 18 sas City 3 99% 99 99% Kan City Term 5 584 88 88 Lake Shore 4s31.., 21 981 984 981 Lehi Valcn 4 . 87 87 85 87 LehiVgen 4142003 1 97 97 97 Lehigh Valley 5520 8 10414 104' 10414 Louis&Nash uhi 4s. 20 94 94 94 Louis & Nash 6%s. 2 105% 105% 105% Louls & Nash 7s... 5 100% 100% 100% Man Ry 1st 48 90, 2 65 64 b5 Market St 7840.... 2 8.4 ®5l% K5l MStP&SSMGs3setd 12 97 941 97 5 9814 26% 104 B1 1024 1028 102% 8 192 921 92% 6 1045 1044 104 o o Y « 6 80 79% 80 b 4 21 96 96 96 T 90% 89% 89% ¥C Y Cen rf bs. Y Cent 4 TC Yc e ¥ Ci rC NYNH& H4s'56.. 2 £2 Bl% 82 NY NH&Hdeb 48’57 6 73% 781 73% NH NH&Hart 4% s 85 923 921 921 NY NH&H cvabés 45 120 127 129 N ¥ Ont W 1st 4 3 61% 61% f1y N X State Ry ¢4ias., 11 18 15% 18 reduced thelr quotation one-eighth of 1 per cent. Since the Federal Reserve Bank of New York dropped its redis- count rate from 5 per cent to 4: per cent there has been a continued slash- ing in the quotations for bankers’ bills, Tex Corp ev 58 1944455 102 101% 192 | wyich are now well below all levels as Transcontl Of 63%s 26 9715 7u 97 [ ERICE ATe MOR S o 1028, United Drug 63 63.. 33 94 ~ 9313 931 | "Tpe reduction in the rate of re- discount of the Boston Federal Reserve Bank Wednesday afternoon is expected to be followed by the other 10 banks in the system, whose rates still stand at 5 per_cent. The effect of these charges has been to stimulate greatly the market for in- vestment securities. With call money loaning in Wall Street as low as per cent, individuals and corporations that have had funds at on call for more than & year are drawing them in and redepositing in the banks or else trying to find other profitable mediums for investment. Among those that have withdrawn funds are a number of large automobile companies and rallroads which have had amounts ranging from $5.000,000 to $15,000,000 in the market during the greater part of 1929. The demand for short-term securities to meet the requirements of these cor- porations is the outstanding feature in ) the current investment situation. One institution today stated that it had orders for $90,000,000 notes maturing from 6 to 12 months. In its efforts to fill these demands it had scoured the entire country and had only becn le to obtain a comparatively small amount of suitable issues. The demand for léng-term invest- ments has also broadened out greatly in the past week, with conditions in high- grade corporation bonds agd tax-ex- empt issues in striking contrast with those between November 11 and No- vember 13. Wall Street Briefs By the Assoclated P; Gold movements at the port of New York during the week ending November 20, included exports of $11,212,000, of which $5,010.000 wfm to Poland, $5,- 002,000 to Switzerland, $1,000,000 to France, $150,000 to Mexico, and $50,000 to Germany, and imports of $427,000, of which $250,000 came from Uruguay and $177,000 from other Latin-American countries. Gold earmarked for foreign account showed a net decrease of $8,010,000. ‘The volume of bonds maturing next month is larger than usual, the total of corporation bonds, notes and equipment trust certificates falling due amounting to $84,897,640, compared with $33,810,- 990 in November, and $50,532,900 in De- cember, 1928, ‘The American Steel & Wire Co., & Corporation, plans to build two rod mills and one billet mill at Donora, Pa, at an estimated cost of $5000,000. Be- tween 12 and 14 months will be required to erect and install the plants. The Chicago, Rock Island & Pacific Railroad has ordered 40 heavy freight locomotives from the American Locomo- tive Co. The order involves the expen- diture of about $4,500,000. Directors of the Missouri-Kansas ‘Texas lines have approved the 1930 im- provement budget, totaling about $7.- 000,000. The order calls for the pur- chase of 600 coal cars, the installation nnfii the laying of about 50 miles of new rals. C. & 0. OCTOBER SURPLUS. %| Chesapeake & Ohio Railway October surplus after taxes and charges, $3,385,~ 989, as against $3918,352 in October, 1928; for 10 months, $26,768,899, against $23,461,350. Sal NYState Ry 6% 63 NY Sus&Wn 58 37.. NY Sus&Wn gen 68 NYW&B4%s.... 3 Nor & 8 gen bs 54 1 Nor Pac 38 2047, Nor Pac 4 Nor Pac s Nor Pac rf 6 Ogden&Take Ch ¢s. Ore Wash 1st ¢ Penna gen 44w, Panna 6. Penna gold Pa Ohlo & Det 4 4s. Marg 1st 6i Peoria & E Inc ds. . Peo & E 1t 45 40 PCC&SILEsA... Port EIPLS6s..... Port RLAP 7% 46. Reading gen 4 Us A Reading J C4s51.. Rio G West el ¢ RIATk& Leys. StT, IM&S gn 6831, StL IM&S R&G 4 SIL&SFDl4nA.. SIL&SF4Yse T StL&S Forin b StLS W 1st s StL S'W eon 48 SILS W Es 62. StP & KCShL 4 St P Un Dep 5 San A & Arn P Seab AL 47 sta SB All Fla Sou Pao clt 4 Sou Pac 4%s 69 ww Sou Ry gen 4 Sou Rv eon bt Sou Rv s 56. Sou Ry 6% Term Assn S L . Tex Ark F'S 6% s 60 Tex & PacbsC17 A 168 Tol Tr LAP 6%8 30 Unfon Pae 18t 4s. Union Virginia Ry 1t bs. VYRy& Pés Whash 41 78 rets Wabash 1t Wabash 2d Wi Went M4 § W Wis Cent gn 48 day when all of the leading dealers’ subsidiary of the United States Steel t of 100 miles of automatic block signals | PLENTIFUL TURKEY SUPPLY RECEIVED Wholesale Price of 35 Cents| a Pound Rules at D. C. Market. Both wholesalers and retailers this morning continued their discussions about probable prices which will pre- vail in the turkey market for the Thanksgiving holiday season. Lower temperature yesterday and this morning was fully appreciated by dealers, ena- bling supplies to be displayed to a much better advantage and operating ageinst possible losses. Dealers continued to give 35 cents a pound, wholesale price for dressed stock, this price applying only to carload lots | of 150 or more barrels of turkeys. Ha: dling, it was explained, necessarily means an additional several cents a pound to enable jobbers to do business with a small profit. Supplies Plentiful. Plentiful supplies continue to reach the local market, some coming by e: { press and others by trucks from Mar: land, Virginia and other States not too far distant. It was said by dealers this morning that the splendid quality of receipts continues to be maintained. There also were continued plentiful supplies of chickens, ducks and keats this morning, a few geese also reaching here. Rabbits also continue plenti .1 and cheap, and it is probable that .2 lower temperature will result in such game coming in much better condition lfl:l!n during the recent warm weather. It was reported this morning that certain packers were showing a dispo- sition to advance the price of turkeys because of the changed weather condle tions, but buyers, it was stated, were not taking hold at advanced prices to any material extent. Dealers continue to predict a low market next week, } many of them believing there will be a retail market of 40 to 45 cents, with some fancy stock selling slightly higher. ‘There was the usual Friday morning demand for marine products registered at Municipal Fish Market and in the scattered wholesale houses, the cold weather having materially increased the demand for oysters. Dealers had fairly large supplies of splendid quality oysters, both shucked and shell stock, to offer the retail trade. They also had plentiful supplies of various vari- eties of fish. Reports this morning told of irregu- prices of hennery stock slightly de- creased. Butter prices advanced a fraction of a cent, while meat prices continued unchanged. Dealers reported an improvement in business this morning, attributing the improvement partly to .colder weather. | Retailers were out in larger numbers | during the early morning hours, and it | is anticipated that a steady improve- | ment will be evidenced until the close | of the market Thanksglving eve. Commission merchgnts ~ continued their attractive displays of fruits and vegetables. They had lima beans from Cuba to offer the retail trade this morning around $7.50 a basket, and there were fairly heavy shipments of ood to be had around $5.50. Prices today were substantially the same as prices quoted yesterday. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—On: und prints, 43'2a4412; tub, 4215a43!5; store-packed, 30. Eggs—Henery, 56a57; fresh selected, 55a56; current receipts, 50a52. Poultry, allve—Turkeys, young, 32a3. old toms, 30; Spring chickens, large, 27a28; medium, 25a26; broilers, 3( Leghorns, 23a24; fowls, 26a27; roostes 8; ducks, 15a20; keats, young, 40a6! , 30. Dressed—Turkeys, yound, 38a ; old, 37a38; Spring chickens, large, 33a34; medium, 32a33; broilers, 35a36; roosters, 24a25; ducks, 29a30; keats, 7 80; capons, 45a50. Meats—Beef, 20a22; veal, 24a28; lamb, 26a27; pork loins, 22a25; fresh hams, 20a22; fresh shoulders, 20a23; smoked hams, 25a26; smoked shoulders, 18a20; bacon, 28; lard, in bulk, 13; in packages, 14. Live stock—Calves, 14!2a15; lambs, 1212213, Fruit and Vegetable Review. The daily market report on fruits and vegetables (compiled by the Mar- ket News Service, Bureau of Agricul- tural Economics) says: Apples—Supplies moderate; demand light, market steady; boxes, Washing- ton, medium to large sizes, extra fancy Delicious, 3.75; fancy, 3.50; extra fancy bushel up, Yorks, 2.00; U, 8. No. 1, 2!; inches up, Yorks, 1.50a1.65; unclassified, 2!3 inches up, Staymans, good quality, 1.75; U. 8. No. 1, 2', inches up, Stay- mans, mostly 2.00; few best, 2.50. Cabbage—Supplies moderate; demand light, market firm; New York, 100- pound sacks, Danish type, 1.50a1.65; South Carolina, barrel crates, approxi- mately 100 pounds net, Pointed type, 2.50a2.75; Virginia, Norfolk section, 5- peck hampers, Pointed type, 1.00. | Celery—Supplies moderate; demand | moderate, market steady; New York,| two-third crates, 3.00a3.50; mostly 3.15a | 3.25; Oalifornia, crates, 6.00a6.25; some fair quality 5.50 Lettuce—Supplies light: demand mod- erate, market firm; California, crates, | Iceberg type, 4-5 dozen, best mostly 4.50: fair quality and condition 3.75. Onlons—Supplies light: demand light, | market steady. Ohio, 100-pound sacks Yellows, U. S. No. 1, medium to large size, mastly 2.00, few low as 1.85; Indi- | ana, 100-pound sacks Yellows, U. S. No. 1, medium to large size, 2.00a2.15. Potatoes—Supplies moderate; demand light, market about steady. Pennsyl- vania and New York, 150-pound sacks Round White$, U. 8. No. 1, 4.25a4.50; some fair quality, 4.00. Maine, 150- pound sacks Green Mountains, U. S. No. 1, 4.50; 120-pound sacks Green | Mountains, U. S. No. 1, 3.75. Sweet potatoes—Supplies light; de- | mand light, market steady. Eastern | Shore of Virginia, cloth-top ~barrels | Yellows, No. 1, 2.7 String beans—Supplies light: demand | light, market steady. Florida, bushel | hampers green, best, 5.00; fair to ordi- nary quality and condition, 3.00a4.50. lar trading in the egg market, with | as from the Norfolk, Va. neighbor- | gm wide range in prices, 1.50a2.50. Vir- ginta, Norfolk section, bushel hampers green, fair quality, 3.00; 5-peck hampers green, fair quality, 3.50. Squash—Supplies light; demand mod- erate, market steady. Florida, bushel hampers white, wrapped, 2 Eggplant — Supplies light: demand light, market steady. Florida, pper crates fancy, 3.50a4.00. Georgia, no early sales reported. Tomatoes—Supplies light; demand moderate, market slightly stronger; Cali- fornia, lug boxes, ripes and turning, wrapped, 6 by 6 and larger, 3,75a4.00; few higher; fair quality, 3.50. Cauliflower—Supplies moderate; de- mand light, market firm: California, pony crates, Snowballs, 2.60a2.75; Long Island, crates, mostly 3.50. Oranges—sufipms moderate; demand moderate, market firm; Florida, boxes, 3.75a4.25; few 4.50. Tangerines—Supplies light; demand moderate, market steady; Florida, half straps, best, 3.00a3.25; fair condition, 2.00a2.50. Grapefruit—Supplies very light: de- mand light, market slightly stronge: Florida, boxes, large size, 4.00; no smi to medium sizes offered. CITIES SERVICE REPORTS NEW RECORD EARNINGS Citles Service Co.’s net earnings for the year ended October 31, 1929, were the largest for any 12 months in the history of the company, amounting to $40.497,731.88. Netl earnings for the | month " of ‘October were $3,874,349, a high record for any month, comparing | with $2,891,169.26 in October, 1928. The company's net earnings for the 12 months ended October 31, 1929, were 5.98 times Interest and discount on its debentures, Net to stocks and reserves amounted to $33,727,848.17, or 4.97 times preferred stock dividends. This com- pares with $29,296,971.53, or 4.32 times for the corresponding period a year ago. Net to common stock and reserves rose to $26,941,426.52, or $1.13 per share on the average number of shares outstand- ing. and an increase of $4,425327.84 over the corresponding period a year ago. Coincident with the publication of its earnings statement, Cities Service announced monthly dividends of 21 cents in cash and !5 of 1 per cent in"stock on the new no par common stock, equivalent to 15 of 1 per cent in cash and s of 1 per cent in stock on the old $20 par value common stock. Regular monthly dividends of 50 cents on the preferred and preference BB | stocks and 5 cents on the preference B stock were announced, all payable Janu- ;:!7 l25'.() stockholders of record Decem- T 15, TUtility Co. Expands. NEW YORK, November 22 (#).—The Pacific Gas & Electric Co. has pur- chased about 70 per cent of the stock of the Modesto Gas Co. First Trust Notes Now Available 6% JAMES F. SHEA 643 Louisiana Ave. N.W. FOR RENT One Room, Kitchen, Bath and Reception Room. Electric Re- frigeration, ' THE ARGONNE 16th & Columbia Rd. Guaranteeing The Trade Mark Satisfaction The Bookkeeper and Ac- countatt have constant use for COLUMNAR PADS for the distribution of ac- counts, sales analysis, etc. Our stock is made up of these pads in buff and white in 2 up to 28 columns. Glad to have you inspect the line. STOCKETT- E CO South Carolina, bushel hampers green, fair quality and condition, 3.00; poorer, | able on request. Members Cincinna Members Chicago 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- WESTHEIMER & CO. Members New York Stock Exchange Members Baltimore Stock Exchange Ground Floor—Woodward Bldg. ti Stock Exchange Board of Trade Telephone National 5500 5 1/2 % lumb: Co. Commonwealth Investment Co. 917 15th Bt N.W. FINANCTA ** 13 In Nearby Virginia Prudential Real Estate Investments JAMES Y. PENNEBAKER Nat.5291 1520K St. N.W. Phone Natiens) 2038 Equitable Co-operative Bldg. Ass'n Organized 1879 50th YEAR COMPLETED JOAN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Assets .............$5,662,540.55 Surplus & Profits......$1,705,130.78 Subscription for the 98th Issue of Stock Being Received SAVE AS YOU EARN THE Equitable’s plan of sys- tematic savings encourages thrift in a manner that if con- sistently followed will even- tually lead to financial inde- pendence. 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Leading Eastern Stations: Boston, WNAC: New York, WABC: Washington, WMAL Baltimore, WCAO: Philadelphis, WCAU: Pittaburgh, WJAS Tomorrow evening’s talk is one of a series of timely Financial discussions coming to you every Saturday at 8:15 p.m., as one of the nation-wide services rendered for business men and investors, by Babson Reports, Babson Park, Mass., largest stat America. cal community in !