Evening Star Newspaper, December 9, 1929, Page 13

FINANCIAL BOND PREES EAS | Co= = BONDS oo N PROFT TAKNG u('-‘-lx:‘-?- v'-T-?.IE.." . N Y Tel 6s mfi" nr & Slight Losses Recordéd in High-Grade Rails and COMMERCIAL CREDIT CO. *SHOWS BUSINESS GAINS Special Dispatch to The Star. BALTIMORE, Md., December 9.—The 9t 9 consolidated report of the Commercial 2 Credit Co. for the first ten months of Port RLAP 1348 48 this- year reveals the exceptionally, Reading xen s A 10 strong _position of the company and shows noteworthy increases both in the amount of business handled and in net earnings and net income on capital stock. purchases of commercial paper TRUSTEED SHARES The IDEAL INVESTMENT for in- vestors who _demand — SAFETY. principal long-term in- &lflduil‘! J::.: Sold in_ Lote—$100.00 Up Call or Write Standard Collateral A ¢ Equitable Co-operative Bldg. Assn Organized 18 50th YEAR COMPLETED JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Assets . +e00..$5,662,549.55 Surplus & Profits. $1,705,13 Subscription for the 98th Issue of Stock Being Received SAVE AS YOU EARN Low. osee oed e Lib 3% 92 9916 9826 9526 102 Lib 18 61016 1012 1012 Lib 4th 4% e 263 10116 101 10 101 181} US3%s47. 251008 1003 1003 US3%s... 210510 1066 US4s1944 Z 108 108 US4Ksb3. 12 11210 1124 FOREIGN. g 102 RIArk& Le%s. StI, IM&S gn 68 31 &1 Gross made during the period covered by the consolidated report amounted to $387,- 952.001,17, as against $222,663,731.32, 124 Pan-Amer Pel Sales. High. Low. 3:18. 100% Industrials. @pecial Dispatch to The Star: NEW YORK, December 9.—Profit- taking and the purchase of sizeable “Treasury issues now coming on the mar- ket, including the $325,000,000 of 3'% per cent 9-month certificates, brought rices down in today's investment mar- et. The declines, however, were not general and some descriptions, notably the second-grade rails, made headway. United States Treasury bonds were lower, both the 4%s and the 3%s eas- ing. Libertr bonds were also weak. The high-grade rails, public utilities and industrials had but minor losses. New York Central 5s, Pennsylvania Railroad general 4l5s, St. Louis-San Prancisco A 4s, Youngstown Sbeet & Tube 5s, American Telephone 5;s and Duquesne Light 4155 were all off frac- tionally. Canadian National 41:s (1957) were down 115 points. In the junior carrier list, Interna- tional Great Northern adjustments continued their advance of last week, and gains were also made by Missouri Paocific general 4s, New Haven 6s, Western Maryland 4s, Atlantic Gulf & West. Indies 5s, New York, Westchester & Boston 4'3s and the Seaboard Air ne_bonds. L per declines included: Certainteed Bls, oft 1'; points; Penn Dixie Ce- ment 6, oft 15; Philips Petroleum 5%s, oft 1;: U. S. Rubber 55, off }2: Anglo- Chilean Nitrate Ts, off 1, and Interboro Rapid Transit refunding 5s, down fraé- 1ly. HomalNink tendency was registered by Hudson-Manhattan issues, Pan-Ameri- can Petroleum 6s (1934), Sinclair 6s and 7s, Dodge Brothers 6s and Armour of Delaware 5!2s. Poreign dollar loans were irregular | gy, the Brazillan government issues :’r‘: ped off {ractionally, along with Chilean and Colombian descriptions, while bonds of the coffee states were strong. Sao Paulo City 6'2 were up 3 points, French issues were active at or near their best levels for 1029. Ger- bonds were unchanged. m"lx‘;l!r! was & considerable amount of ivity among those German issues :Itdedyon the curb exchange at slightly Jower prices. Electric Power of Ger- many 6's (1953) were down 15, Ger- man Consolidated Municipal Loan 6s were turned in heavy volume at a frac- tlon lower, Free State of Prussia 6s (1952) were down Y4 points and United Steel Works A 6':s were off over & point. Hugo Stinnes 7s (1936) ex-war- rants, were down 2 ints. Italian Superpower 6s (1963), also traded on the curb, were up 2 points. Washington Stock Exchange SALES. Capital Traction Co.—10 at 753, 4 at 75%, 6 at 75%. Potomac Electric 5% % pfd.—1 at 104. National Mtge. & Inv. pfd.—50 at 3%, 200 at 37%. AFTER CALL. Washington Gas 6s B—$100 at 102, $100 at 102. Oapital Traction 55—$1,000 at 91%. Union Trust Co.—3 at 273. Washington Loan & Trust Co.—10 at 500. Peoples Drug Stores pfd.—10 at 108. Bid and Asked Prices. = High. Low. Wy T8.. Paramount 63 1947, ~Sam Argentine 6= B. Austraiia 4%s 56 Australia 6s 1955 Belgium 7s 195 Belgium 78 1956. Bolivia 75 ct "69. Canada 6s 1 Canada 6s 1952 Chile 0. Chile 6s Chile 78 1943..... Chinese Gov Ry 5s. Christiania 6: Colombia s Ja: Con Pow Japan . Copenhagen 4%s 53 Copenha Czecho 2. Czecho 8x 1952..... Danish Muniec 8s B.. -,y = Duteh East Dutch Enast T 63 6: El Salvador 8s 48 6. Irish Free State 5 Italy 7s.... Italian Pub Japanese 6% Karstadt 6s Orlent dev 638 68. Paris Orleans 51 Paris-Ly-Med 6: o 2l ammRruatueeaSuinnaan - oa vcoma - anadis Richfield O11 Sinclair O11 & Sinclair Crude 348 Sin Pipe Line & Skelly Ol 6%, 1| So Por Rico Sug T Southwest B Stand Ofl N J 48... Stand OII N Y 4% b, ‘Tenn Cop 65 B * Tenn Elec Po Tex Corp ev. 3 Transcontl 01l 6%s United Drug U 8 Rub 1st rf I 8 Rub 7%s. » B Utllities Powr 5%s. 15 Vertientes Sug T 1 Walworth 6s 4! 3 War Quinland Warner Sug 78 5 Warner Sug 78 41.. 3 West Elec bs. .. 1 Westn Union Westn Union 6%s.. 1 White Fagle O 6%.. 10 2 Youngstn S & T RAILROAD. 8% Ann Arbor 4s...ee. 1 Atchison adj Atchison Atch deb 4% AtlantieC L Atlantie CL 4% Borton & Maine Brdway & 7th Av 5 Buff R & Pitts ¢ Yw, Can Nat 4% s 54, Can Nat 4% 9 68, Canada Natl 5s. Can Nor 4%s 1. Can Nor 7s. Can Pac deb ds. Car Clin&Ohlo Cent Pac 4 Cent Pae 15t Chi DT TP i Ches &0 4%s93 A, Chi B&Q gen 45 53.. CB&Qistrfbs... Chi&E Ill gn 68 51.. Chi Gt West 48 59.. ChiM&StP4%sC39. Chi M&StP 4%u E.. Chi MiISP&Pacss?6 Third Ave adj Tol Tr L&P b Virginia Ry 1st Va Southwn con bi West Shore 4s 61, Wheel&LE rf 4 %8, I Business Notes I By the Assoclated Press. NEW YORK, December 9.—The aver- age price of crude petroleum in 10 pro- ducing fields was lower last week at $1.612 a barrel, compared with $1.652 a barrel a week ago, according to the Oll, Paint & Drug Reporter. The aver- age for the corresponding period last year was §1.602 a barrel. Publix Theaters has obtained control of four residential theaters in Detroit from the Charles W. Munz interests. Consolidated Retail Stores, Inc., No- vember sales amounted to $2.051.601, compared with $1,764,328 for November, 1928, an increase of 16.28 per cent. GERMAN BONDS AND STOCKS. Bid. Asked. 9.00 61.00 2 86% Ger Govt Red Loan with ds ctfs attached per 100 R er Govt Red Loan witl .000 R M. rawl Hamburg 4'3s 1919 (Quoted in " dollars per thou Elect 4 for the same period of 1928. Net income on the capital stock was increased approximately 62 per cent, in the ten months of 1929 over the same period of 1928. Earnings per share on the average common stock outstanding in the same period of this year were approximately 25 per cent greater than in the same period of last year, - . STERLING ADVANCES. NEW YORK, December 9 ().— Sterling exchange advanced in the New York market today above 4.88%, the quotation at which gold exports to Great Britain would appear to be profitable. This is the highest level reached since the end of 1927. Some gold was exported to London in May, 1928, when the rate was below 4.88',, but this was bought by a London bank which possessed special facilities which, through eliminating loss of interest in transit, enabled it to import the metal at a lower rate of exchange than would hav‘: been possible to others with a First Mortgage Loans for, 3, 5, and 10 year periods on houses, apartments and busi- neess property l in Washington, nearby | Maryland and Virginia Randall H. Hagner & Company, Inc. 1321 Conn. Ave. N.-W. Decatur 3600 Mortgage Loan Correspondent New York Life Insurance Co. Save Your Money Where SAFETY Is- GUARANTEED ‘There's absolutely no ele- ment of risk in Guaranty First Mortgage Notes and nds. These sound securi- ties issued to yield 6% are backed by payink propertics in_Washington its sub- ths and _saf our $3,400,000 resources. Don't spend all of your Christmas money—Invest a Bortion to earn 8% in these igh character securities. Denominations from 6% $250 up 6% On Partial Payments, too. \ Send for Booklet, “The Success Plan” REALESTATE MORTGAGE & GUARANTY CoRPORATION Capital Resourees $ 3,400.000 24 JACKSON PLACE 6% FIRST MORTGAGE NOTES OREAGH g il Prankfort-a-M 4s pre-war. Munich 4s pre-war d (Quoted A E G (Ger Ge Elec) & A E G (German Ge Eiec) pid B. Commerz and Privat Bank Farben. Disconto Gellschali. de! ¢ SBS2STEES L w 2353333338333 831 saamoas Heyden Chem .. Mercur Bank Vie: North German Lloyd Austrian A E G (Gen WS eral ‘Eiec) o- J. C. PENNEY SALES. Start Now and Buy 6 7 FIRST 0 MORTGAGE DENOMINATIONS OF 3250 AND UPWARDS NOTES < INTEREST CHECKS RECEIVED TRVECTORE THE DAY THEY®Y ARE DUE —in convenient denomina- tions, secured by carefully selected, conservatively appraised residental and business properties in the District of Columbia and nearby Maryland. We offer the facilities of a competent organiza- tion eager to counsel you in the profitable placing of your investment funds. HE 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. Start now while you have a steady income. Come in and let us explain about our systematic plan. 915 F St. N.W. More than 200,000 Stockholders Received the 204th Dividend on Cities Service Common stock On January 1, 1911 the first dividend on Cities Service Common stock was paid to less than 1000 stockholders. On October 1, 1929, Cities Service paid the 204th monthly dividend on Cities Service Common stock to the 216,272 holders of record September 15, 1929, ‘When more than 200,000 persons purchasethe Common stock of a Company, that Company can truly claim to have deserved and won the confidence of the investing -public. The Cities Service organization now includes more than 100 subsidiary companies with total assets of over $900,000,000. The subsidiaries are engaged in the pro- ducing, transporting, refining and marketing of petro- leum; and in the producing and distributing of natural and manufactured gas, and electric light and power. At present prices, Cities Service Common stock yields over 6% in cash and stock divi= dends. For further information concerning this security, address our nearest office or your Investment Banker. Washington Office, Southern Building HENRY L. DOHERTY & COMPANY 2 CMSP&Pac adis03 288 ChiN W 43, = 2037, . 60 Wall Street @ New York City H. L. Rust Company Branches in principal cities 1001 15th Street N. W. Fiscal Agents for Citiey Service Company Nationa] 8100 Eetablished 1889 BONDS. PUBLIC UTILITY. NEW YORK, December 9 (#).—No- 0] E vember sales of the J. C. Penney Co.| Boss rH LFS department store chain amounted to | Founded 1907 $24,405,975, an increase of 26.4 per cent 1417 K St. Amer. Tel. & Telga. 4'as National 9300 Am over the sales for November of Iast year. 2 . . Tei & Tel. etl. tr. 5 Anscostia & Pot. R. R.'5s ne Rio de Jan Rio Gr do Sul Rio Gr Do Sul 8 Rome 6%s. Sao Paulo 8s 1936.. Sao Paulo 1950 Saxon (PW) 7 Selne 71 43. Serbs Cr Slav Serbs Crot Slo o Shinyetsu 648 53.. Complete Investment and Brokerage Service Copy of eur “Fortmightly Review™ furnished om request - G« M."P. MURPHY & Co.' Members New York Stock Exchange 1510 H Street Connecticut at K WASHINGTON Teleph National 9600 New York Philadelphia Richmond Private Wires and Telephones to New York - CE&EWIS%se2. CCCASIL4%sE ..! CCC&StLésD. ¥y, & Elec. 48 MISCELLANEOUS. Barber & Ross. Inc. 8l am.-Vanderbile Hotel ase Clib 5 "C. Paper Mfg. t._ Joint Stock Ld. Bl M. Cold Storage 5 ‘ash. Cons. Title 6s..... STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga, Capital Traction Co. . ashingion Gas. Utd Kingm 61, Uruguay Uruguay Vienna 6x Warsaw 78 Yokohama BETTER TIME Bevalnm untiroasnnIRwnoan 1 % |DRG& Wstis 18 . 15 96 95% Erie 15t cons 4 MISCELLANEOUS. Erie conv ds A Abram&Straus 6%s 10 101% 100% Alleghany Cp 68’44 52 102% Alleghany 6s AmAgriChem e NATIONAL BANK. National Capital lumbi Never, we firmly believe, has there been a better time for true . A investment than at present. Erfe conv Ex Fla East Cis Fonda J&G Gr Trunk st db 6 Grand Trunk 7 We wish to point out to investors that amid all the recent mar- ket shrinkages, at least one stock remained close to its highest level for the year — a stock which affords an income return of 7% in cash, or, optionally 109, per annum in stock. Am Int Cor 5%s 49. TRUST COMPANY. Am NatGas 6%s 42 L merican Security & Trust Co.. 43 nion Trust et ashington Loan & Trust SAVING BANK. Bank of Bethesda : Another Boll Weevil In a small Southern town there is a monument standing in the vil- lage square with an inscription dedicating the stone to the Boll Weevil, Destroyer of Cotton. When this catastrophe first came to the Southern planters they had been struggling for years to make a living out of cotton but its com- ing forced them to plant oth2r forms of produce. The high prices of these crops put money into their purses and they thus honor the boll weevil for their prosperity. Actual disaster often starts people on the right track, espe- cially in finance. Those investors who have gone through a disas- trous period during the last fort- night may well take an example from the Southern farmers and start anew in the investment field. You, as well as other investors, should diversify your investment and keep a portion of it safe in the First Mortgages sold through Swartzell, Rheem and Hensey Company. For more than sixty years these notes have been safe and their rate of interest, 6%, is liberal and steady. There is this %6e lesson for you in the monument gl ol to the Boll Weevil. e Pt 1 The noticeable constancy of this stock throughout all the recent Aromuracasyess. 13 declines, has conclusively proved: Assoclated Ofl At1 Gulf 58 69, Atlantic Refin bs. Bell Tel Pa 63 B. Rell Tel g | Bethlenm St1 pm Beth Steel rf 58 Tl Cent 48 63 111 Cent ret 4 i Cent 4% & Int Rapld Trans Int Rap Tr §s stpd. Int & G Nor 68 1956. Int &G Nor adj ¢s § Int & G Nor 1st Int Rys CA 68 73.. Int RysC A 6%sret First That at no time was this stock selling at a price out of keeping with its earnings. FIRE INSURANCE. Ameriean Corcoran iremen’s ational Union TITLE INSURANCE. Columbta Title.... Real Estate Title & Inv. of Md. com. MISCELLANEOUS. Second That thisissue is in the strong hands of in- vestors, rather than the weak hands of speculators. Kansas City Kan City Term 2 12 1 9 Long Is deb Com Invest 5145 49 21 Long 1568 37. Com Invest 63" Con Coal Md bs ConGasN Y 6% Consumars Pow bs. Third That at no moment was the deep rooted confidence in this Company in the least Man Ry 2d s 2 impaired. Mill E] Ry&Lt 4% MIEIRy&Lbsé MiIIEIRy & L viipta’ 11 Peo R e X O pid.: Duquesn : et East Cuba Sug 7%s Jen Cable 638 41.. Gen Mot Ae Cor 8a. Goodrich 6%s. Goodyear 68 rets. .. Humble Ofl §s. Humble O & R 111 Bell Tel Inland Stl 4 Intl Cement 5548, Intl Match 68 47, Int Mer Mar Int Paper b Inter Paper Int Tel& Teley Int Tel&Tel 4148 Kendalls3%s ¢8 war Lackawa St15s.... Laclede bs. . Laclede G 6%s 63. . Lautare Nitrate 6s. Liggett & Myers T8 lLoew's Inc Lortilard 6 Lorliliard 6348, Lorillard +P) 7s... Lou Gas & I bs 63. Fourth That the investors in this stock look confi- dently forward to steady and large appre- ! ciation in market value. oodward & Lothrop pfd *Ex dividend ) tBooks closed. We believe that seldom has there been a sounder investment BALTIMORE, December 9 (Spe- i i i elal) —Both recelpts and sales " of opportunity than is offered by this stock. Maryland leaf tobacco showed sharp declines last week, the former totaling only 52 hogsheads, while reported sales amounted to only 71 hogsheads, leaving a stock in* State tobacco warehouses of 885 hogsheads. Prices are holding firm for all grades of old tobacco, as well as new ground leaves, of which 215 hogsheads have ar- rived 1o date, ‘Quotations today for Maryland lear per 100 pounds: . Inferior, 1.00a12.00; sound_common, 13.00820.00; good com- mon, 21.00a30.00; medium, 31.00a40.00; good 1o fine red, 410005100; fancy, 1.50a52.00: seconds. common to good common, 7.20: edium, 21.00a30.00; to fine, 31.00240.00: upper country | Manati Sugar 1% s rley, nominal; ground leaves, 6.0vu McCormek E.H. . 24.00, ‘ Mo Pac 58 4 evt. 7 Montreal Tr 63 B 5§ g 7S Chl X fl Our Special Letter contains a complete description of this stock. To obtain a copy, by mail, just send us the coupon below. E. R. DiGGs & Co. Incorporated Established 1914 o o B - T 46 Cedar Street New York Chicago Kansas City St.Louis Baltimore Newark Richmond Hartford E. R. DIGGS & CO., INC. SWARTZELL, RHEEM & HENSEY CO. g U DA e o e o mesmen 727 15 STREET N. W, / possibilities of appreciation. WASHINGTON D.C. meaxnaSn-Nen s Clearing House Statement. NEW YORK. December 9 ().—Clear- ing house statement—Exchanges, $66,- 000,000; balances, $151,000,000. i Sixty per cent of the arrests for drunkenness in London are made dur- the week ends. YState Ry 6% ¢ ; T8t Name...cvesnnnnnsessccccsessnnsnenenes NYW&B4 Nor & 8 gen 88 § Norfolk & W en N 0. ZZZZZ2ZZZ 2222222 Nat Radiator 6145, NewEngland Tel 6 N Y Edison bn 44. . Address....oovvenerinncnssicscccseseens 991 Nar Paert 11914 ...'f.a 107 Ore Wash 1st4s... 10 S04ETun 74