Evening Star Newspaper, November 25, 1929, Page 13

FINANCIAL, THE EVENING STAR, WASHINGTON, D. C, MONDAY, NOVEMBER 25, 1929. - WINANCIAL. + BOND PRICES MOVE | [oxw son BONDS ot e Private Wire Direct to The Star Complgte Invéstmefit UNITED STATES. INNARROW RANGE Trend Irregulay-in Fair Vol-; ume of Trading—Con- vertibles Quiet. Bpecisl Dispatch to The Star. NEW YORK, November 25—Bond ices had narrow fluctuations in a (Sales are in $1.0000 Sales. High. Low. 3:88 64 99 9830 9830 4 100 30 10022 10022 100 30 10030 9928 9928 190 ¥ 9928 5928 310812 108 12 10812 4411212 #1210 11210 FOREIGR. Sales. High. 19 97% 11 volume of trading today, but the | roone trend was irregular, with the gains Argent about equalling the losses. The up- 4%k, [ Australia 4% s o | of last week had apparently subsided to some extent, leaving most investment issues close to their high prices of the year. Only in the foreign section were there more gains than Convertible issues were quiet, fluctu- ations keeping within fractions of Fri- day’s last prices. Liberty nds were traded in good volume but Treasury issues were quiet. Prices were close to the high point of | Belivia 7xct the year. Roltvia 88 The better grade descriptions varied | Bordeaux 6n. in their movements. Atchison General Rrazil 614 19 4s touched their high of the year and | Braxil s 1927 then. dropped fractionally, New York Central 5s (2013) were up a point and Southern Pacific 4!5s and Union Pacific first 4s were higher. Losses were re- Brazil 7 corded by St. Louis-San Francisco 4s|Can and Great Northern 7s. Duquesne Light 418 and Philadelphia Co. 5s im- proved. Youngstown Sheet and Tube 58 and American Telephone 5las were off quarter points. The irregularity extended to the more | Calombiif 6« Jan speculative section, International Mer-|Can Paw Janan 7x chant Marine 6s were off 2 points. | Conenhagen 4= 63 Hudson Coal 5s gained a like amount.|Conenhaeen S» ct Texas Corporation 5s, recently selling as | Cuba 5% low as 98!, were again at a 2-point Czecho ks premium. Oil bonds, including Pan-|Czecho Rx 1853 American Petroleum 6s. Sinclair issues, Colon 6s and Pure Oil 5!35 were higher. Erie General lien 4s, at the high price | D for the year, and Missouri Pacific 525 led the ‘advance in the junior carrier list. St. Paul adjustments were weak. New York, Westchester & Boston 4128 s0ld at their high of the year. Cement bonds were stronger with the announcement of an increase in the rice of cement. International Cement gained 41 points. The chief strength in the foreign list was shown by Brazilian and French issues. French 7s and 7l2s were both &t their high price for the year. ‘The Soo Line first refunding mort- sué 5145 bonds, amounting to $8,000,- 00, were offered at 9712, and advertised as all sold. A list of bonds and pre- ferred stocks amounting to over $3,500,- 000 was presented for the attention of investors today by one of the large Eastern corporations. —_— Washington Stock Exchange|; SALES. ‘Washington Gas 6s A—$1,000 at 100%, $1,000 8t 10014, $1,000 at 100%;. ‘Was| n Rwy. & Elec. 45—$2,000 at 82. Potomac _Electric 5%% pfd—10 at 10415, 5 at 10415, Mergenthaler Linotype—4 at 103%3, 10 at 1033, 5 at 103%, 5 at 103%, 5 at 103%. National Mtge. & Inv. pfd.—100 at 3%, $100 at 3%. AFTER CALL. Capital Traction 55—$1,000 at 903, $1,000 at 903;, $500 at 903, ashington Gas 6s A—$500 at 100. Merchants’ Transfer & Storage com.— P 20 at 111, Paris-Ly-Mea Electrlc 6% pfd.—1 at 108%, 10 at 109, 20 at 109, 5 at 109, Potomac, Eiectric 5% pfd.—5 at 10415 Whshington Gas 6s A—$300 at 10053 Capital Traction Co.—35 at 7. } ‘Washington Gas 55—$2,500 at NOTICE—This = exchange will " ba closed on Thursday, Friday and Sat- urdas. Bid and Asked Prices. Amer._Tel & Tel Am. Tel & Tel Anacostia & Pot. R. acostia & ;?v., a T ot lec. ptd. to. & Annap. com... to & Annap. pfd... NATIONAL BANK. stional Capital.. jumbia merei trict eral-American berty ineoin National Metropoiitan. igws . ond jational’ Ba: TRUST COMPANY. American Security & Trust Co. 425 Cortinental 2 ] erchants’ B iational Savi) nion Trust G ‘Washington Léan’ & Trust. SAVINGS BANK. Bank of Bethe: s Commerce & it Washing! mac 301 urity Bavings & Commercial venth Stree 30! ited _States. . 5 ‘ashington Mechanic 4 FIRE INSURANCE. erican .. reoran emen’s Fire TITLE INSURAN Columbia Title Real Estare Title itle & Inv. of Md. com.. g Wash. Cons. Title prd......."0. MISCELLANEOUS. & Ross, Inc.. ¢ al-Amer! deral-American pfd. .. nston Monotype. .. Merchants’ Transter & 8t Merchants' Trans. & Stor. pfd Mergenthaler Linotype. .. Natl. Mtge. & Inv. pfd Peoples Drug Stores pfd 1 Est. Mtge. & G 2"Mech Mige. com: ! . Medical Blds. Cor idward & Lothrop pfd. *Ex dividend. 1% extra A Merger Agreement Completed. NEW YORK, November 25 (#).—The American Commonwealths Power Cor- ?enuon has completed an agreement or Paris-Ly-Med 1960 - e suBmaRlaaRani o Saxon (PW) Seine 78 43 Cr Swiss 6% s Swiss Confed 8 18 7t4 Kingm 6148 37. 103 Utd SBetam Coven s & s Warsaw 7s ‘53 Yokohama 8 04 94 M 'BII.LA:CIOUI. '3 Am Int Cor 5%s 49 Am Chem Am NatGas 615 43 Am Smlt & R 18t 3 Am Wrtg Pap Aromur&Cod % Armour Del § Associated Of1 Atl Gulf 58 69, Atlantic Refin Bell Tel Pa s B Bell Tel Pa §s C. Bethlehm Stl pm 88 Beth Steel rf § - Nowwe oy =38R Inland 8t 4% {ntl Cement b Intl Mateh I M merger with the West Shore Gas |y, Co. 0il Merger Rumored. NEW YORK, November 25—It was reported in Wall Street today that ne- gotiations are in progress for a merges of the Richfield Oil Co. of California and the Rio Grande Oil Co. . Clearing House Statement. NEW YORK, November 25.— Clearing house statement as reported by Dow, Jones & Co.: $739,000,000; balaneces, & 5t (] M it T3%40. 11 6L MeGormek ER 4536 -3 100= 9% Sales. High. Low. 2:85. and 11-99% ¥9 99 3 9 Rem Rnd &%, Richfield Of] Sinclatr Oft Sinelatr O11 Sine! Sug E:Ortent 78 Tenn Copper 68 Transcontl Ol 6% s United Drug 6s 63. . 100% RAILROAD. Ann Arbor ¢s. As&SFovt4s 05... Atchison ad)j Fonda J&G 43%s 63. Fla East C68 74.... Gr Trunk st b HavElRy§ 61.. Hlldhll.‘yn“ y Lehigh Valley 5s 20 Louis&Nash uni 4s. Lo Ni Mo Pac 6% s ¢9 evt Montreal Tr 6s B §§ Nash Chat&StL ¢s. 17 81, T8% Nor Pac 33 2047. Nor Pac ¢ Nor Pac 68 Nor Paarf Ore Short L 6s gtd. Ore Short L en & Ore Wash 1st ¢ Penna con 448, Pere Marq 1st 68 Peoria & E Inc4s... Philippine RR Port EI P L68....o PCC&StLbsA... Reading gen 4%8 A R10 G West c! RIArk& L 4%s StL IM&S gn 68 31, StL IM&S R&G ¢8.. & SIL&SF plés A, Seab AL con S B All Fla 68 26 A. SB All Fla 6s 35 B., Sou Pac clt 48, Tex Ark FS6%850. 2 Term AssoS L 4s., 1 Tex & PacbsC19.. 16 Tex & Pac 63 B1971 16 ‘Third Ave ref 4s 60, 21 ‘Third Avead) bs... 22 Tol Tr L&P 6%8 30, 44 Union Pac Union Pao 4 Virginia Ry VyRy &P b Whash 4%s 78 rets. in - FOREIGN EXCHANGE. Nominal gold Selling checks London, pound..." s S08085 " 84310, i 193 0303y peseta vienna. schilling. Budapest, b When _Viscountess Ipswich married Maj. G. R. V. Hume-Gore in London re- cently, her 15-year-old son, a Harrow schoolboy, gave her away. First Mortgage Loans for, 3, 5, and 10 year periods on houses, apartments and busi- neess property in Washington, nearby M. aryh.txd and Virginia Randall H. Hagner & Company, Inc. 1321 Conn. Ave. N.W. Decatur Mortgage Loan Correspondent Ne ork Life Insurance Co. Common Stocks with estimated earnings per share which we are recommending for investment .purchase at thig time. ‘The list is avail- able on request. WESTHEIMER & CO. Members New York Stock Exchange Members Baltimore Stock Exchange Members Cincinmati Stock Exchange Members Chicago Board of Trade Ground Floor—Woodward Bldg. 5 Telephone National 5500 Undisclosed Restriction A builder bought land for an apartment house. There was a covenant in a former deed requiring a set-back of five feet which the builder’stitle examiner “missed.” The builder had laid the foundation to the front line and was up to the second story when the neighboring property owners consulted an attorney. The builder was consequently compelled to demolish and rebuild his structure and as a result was put to a loss of thousands of dollars. Title Insurance would have prevented the loss. Whenever you buy or lend on real estate a New York Title policy is always your best policy. CAPITOL TITLE AKD GUARANTEE : CompANY 1425 Eye Street N.W., Washington Baltimore Real Estate Title Company Keser Bullding Representing " NEW YORK , TITLE AND MORTGAGE COMPANY ‘ Capital Funds over 60 million dollars American Founders Corporation COMMON STOCK United Founders Corporation COMMON STOCK : The Harrls Forbes Corporation New York Brokerage Service Copy of eur "Fortnightly Review™ furnished om request G. M.'P. MURPHY & Co'. Members New York Stock Exchange 1510 H Street Connecticut at K WASHINGTON Telephowe National 9600 New York Philadelphis Richmond Private Wires and Telephones to New York London S:AF E. Bl RIS T M'OR.T'GA@G E S IF SAFE FOR MILLIONS CERTAINLY SAFE FOR HUNDREDS With the big insurance com- panies, trust companies, etc., - investing millions in first. trust mortgages because they must have absolute safety, surely the same type of investment should appeal to the individual. Our 6% FIRST MORTGAGES Over a Third of & Century Without & —offer security that is safe; Loss with return that is liberal. May be purchased inamounts from $250 up. B. F: SAUL CO. - National 2100 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR SAFETY ‘Thrée Times More Attractive Our Real Estate Loan Plan embraces three principal advantages hard to com- pare. REASONABLE RATES LOW INTEREST CHARGES LONG TERM ‘ Consult WESRERDS 809 15¢th St. N.W. District 9486 Mortgage Loan Correspondent Metropolitan Life Insuramce Company Metallic Non- éntity Working long hours in a scientifi- cally equipped laboratory, a Chi- cago scientist brought forth a sil- ver-grayish metal—a new metallic element, which has been: named Columbium. But, even today, no commercial use has been found for it. But chemists are still making elab- orate, complicated tests of Colum- bium—and eventually it may be more valuable than gold. Wise men of science today leave no element . inconsidered, no matter how trif- ling it appears; just as wise men of business leave no trifle neglec- ted—often they got their start to wealth by carefully saving the small, usually inconsidered part of their salary and investing it in some reliable security. Just so, a small sum placed in. the 6% First Mortgage Notes, sold through Swartzell, Rheem & Hen- sey Company, will yield an attrac- tive interest, and give you a stead- ily growing income for indepen- dence and leisure in future years. Do not neglect to start saving new, no matter how small the sum may be. SWARTZELL, RHEEM & HENSEY Co. MORTGAGE BANKERS 727 15 STREET N.W. 7 w;uumo'toa‘l D.C. / .