Evening Star Newspaper, December 15, 1929, Page 99

FINANCIAL. * BOND PRICES SAG " INWEEK'S TRADING " Profit Taking and Other Fac- tors Cause Drop From Recent Highs. Bpecial Dispatch to The Star. » - . NEW YORK, December 14—A num-! ber of factors combined this week to * bring bond prices down from their re- » cent highs and thus cause unsettiement in_the investment market. The increase in brokers' loans of $38,- 000,000 was itself insignificant and the revival of gold export by the United | . States was not alone sufficient to cause | . the reaction in fixed income securities. .. But these two things, combined with the “ Iact that the year is near an end and . seasonal requirements have caused a tightening of money rates and that the \* stock market has had renewed activity, have brought out a considerable amounc ® of profit taking. There was also seme " foreign selling. _ What foreign buying there may have been secmed (0 have gone into the pui- chase of forcign doliar credits, espe- < cially those of Germany. The selling in part was occasioned by the Freich government’s public works program, for Which $280,000,000 is needed for a start. ** Other foreign selling is attributed to profit taking, as recent levels have been “ considerably above those at which * Bonds were purchasable three weeks or onth ago. = i3 gur'mg v.g: week there was a total ot £90.741,161 in new issues, compared witn .. $160.158,000 last week and $51,440.000 " during the same week last year. This total 15 not as good an omen as it might seem, for $65,000,000 of it was New York " City’s 4ls. As a matter of fact, the week's events were not as favorable as those in the previous week, when the United States Treasury marketed $325, 000,000 of nine-month certificates av .. 3l per cent. “ MOST POWER SOLD IN HOME STATES *. Electric Survey Shows Product Largely Disposed of Near Generating Points. 5 Bpecial Dispatch to The Star. NEW YORK, December 14.—Accord- ing to a bulletin published by the Na- tionla Electric Light Association, based on a survey started several months ago, - the amount of power generated in the United States not directy subject to ‘. control and regulation by State com- ~ missions 15 only 4.11 per cent of the total, and even this is subject to regu- - lation in so far as rates to the ultimate consumer are concerned. ' , Based on reports from those of its 400 member companies engaged in the interstate transmission of electric power, the bulletin shows that 89.27 per cent of the total amount of electric 5 energy is consumed within the State where generated. ° Of the remaining 10.73 per cent, two- ' or 6.62 per cent, consists of " power sold direct to consumers in one i State by a company generating it in i another State and is subject to direct = regulation by the public service com- mission in the State in which it is sold. ® The remaining one-third, or 4.11 per : cent, consists of power generated by one company and sold to another com- pany in another State for distribution to its consumers. * CORPORATIONS HELD © BEST OFF IN YEARS s ;- Growth During “New Era” Held to Have Strengthened Many Big Concerns. " Special Dispatch to The Btar. ~=~ NEW YORK, December 14.—While , the so-called “new era” did undoubtedly fail to meet the hopes of many of its adherents, it provided an exceptionally fertile w!ureltm‘ corporate growth in the opinion of dent of Clarence Hodson & Co., states that not only were countless new - corporations financed during this . period without the assumption of bonded debt, but many seasoned com- panies took advantage of the favor- able conditions to retire accumulated indebtedness, to do new financing through the offering of stock, and in neral to improve their corporate 1th. “Thus we find today, after a serious deflation in stock prices, that the com- ' panies issuing them are in better con- dition than any time in the past 10 years. This is true not only of the new companies, but of our old established railroad and industrial companies. A prolonged period of depression would mean, therefore, merely that stock | prices would continue, low but in very few instances would there be corporate distress.” CHICAGO LIVE STOCK MARKET CHICAGO, December 14 (#) (United UNITED STATES GOVEKNMENT. Migh. Low. B w. 99.31 3% 7. .. 99,16 99.2 x 100.00 7. 101.2 100.24 100.28 101.00 98.6 Lib4th 43s1933-38. 101.18 100.4 101.15 100.04 954 U S 338 1940-43 . 100.03 . . . 105.26 98. . 105.10 104.20 104.30 108.24 101. 1088 107.16 107.30 112.23 105. 112,12 111.16 111.30 Net High. Low. Close. Chge. Argentine 55 June 9915 9T Argentine 65 A 6 100 98% Australia 6s ‘55 94 100% Austria 7s'43 104 99% 83'3 Bank of Chil 91 Bank of Chi 98 Belgium 6s 1124 Belgium 7%s 107% Belgium 8s 61 ORI 6 6 8514 Brazil 8. % 100 Canada 84 Chile Republic 63 22 Chine 68 Colombia 65 1961 Jan 9314 Copenhagen 63 '52 106%: Czechoslovakia 98% Denmark 515 1958 101% Denmark 6s ‘43 101% Dutch East Indles 6s 101 Dutch East Indles 63 99 Fiat 7s '46 war 93 Finland 7s ‘50, 105': French 7s'49 109% French 7l 41 102 German 7s'49. 80 German Bank 6s 75% Greek 63 19 95 Irish Free State b3 1 ] Poland 100 Queensiand §s 105% Queensiand 7541 94 Rhinelbe 7 Serbs, Croats& s Croats Slov.§ 4 101% Sweden 65 '39 4100 Swi o 95% Toho Elec Pw 101% Utd Kingdom 6% 94 Uruguay 6s 1°60. 80% Vienna 6s 1952. 67 Warsaw 7s 195 89% Yokohama 6s MISCELLANEOUS. 937 Abram & Straus5%s‘43.. 101% 93 Alleghany Cocy 58'44... 102% 103 Am Agri Chem 7%s 41 103% 9313 Am Chain 6s1933... 96% 95 AmIGChm5%s 1949, 106% 88 Am International 68 49 Y 64% Am Natural Gas 6%s 43, 98 Am Sm & Ref 6847 100 Ain Sugar Ref 65°37..... 115 Am Tel & Telcv 434839, lgg Am Tlll'l'lllf:l 99% Atlantic Ref deb 102 Bell Tel (Pa) re! 97 Beth Steel p - 96! Columbia G&E 80 Comm Invest 62 Con Coal (Md) 1st r 39% Cuba Cane Sug ev d 104% Detroit Edison ref ¢s 7 60 East Cuba Sug 7%s'37 94% General Cable 5%s 1947, 98 Gen Motors 37 Goodrich (B F) 6%: Goodyear Rubber 63 1957, Humble Ol & R 6%8°33, . 89% Inland Steel 4348 19 Inter Cement bs '43, 122% 4 100% 103 Midvale Steel Montana Pow Nat Dairy Prod 6 Radlator 6% 13 Philadelphia Co 53¢ Phila&Read C&1 Philips Petrolm b Posta] Tel & Cabl Public Service 4% Remington-Rand 6% Sinclair Ofl 6 96'% Sinclair Ol 92% 89% Sinclair Pipe Line 58 101 Southwesn Bell Tel b 1 Stand OIIN J ——1920— L Low. 103% 96% Wilson & Co 1st 6 « 100 101 99 Youngstown Steel bs’78.. 101 91 8% Atch To& S Fead) 4 90% 90 Atch T&S Fgends'95... 4% 108% Atch,To & San F 43 *48 52 99 B&OrefS5s'95. 994 B & O ref 6s D 2000. 101 Balto & Ohlo 58 48., 105'% Balto & Ohio 6s 85'%; B&OPItLE& W Va 4 9 B&OSWDIivés'l 78 Bangor & Aroos 4s ‘51 91'4 Boston & Maine 5s *67 53% Broadwy & Tth Av 58 '43.. 86 Brooklyn Manhat 1st 6s A 97% Canadian Natl 4 80t Canadian Pacific d: 874 Central Pacific 48 "49 9 C 984 Ches & Ohtocv 4% 937% Ches & Ohio gen 4148 °92 904 Ches & Ohlo 4%8°93 101% Chi B & Q ref 5571 72 Chi & East 111 gen 57% Chl Great West 4s 85 ChiMStP&P5s'76 68 Chicago Rys bs 91% Chi R1& Pacref4 85% Chi R 1& Pac4%s w. 901 Chi Union Station 4 8¢ ern Ind 5% '62. 98% CCC&StL6sD... 10: 991 CC C& St Lref 65 A 961 Cleveland Terml 5s B '73. 93% Colo & Sou ref 414535 80 Cuba R R s 62, 75% Cuba North 5%8'42. 100 Del & Hudson 5%s 37 87% Den & Rio Grandecen 4 82 Den & R G West 5555 80 Den&Rio Gr Westn 65" 93% Detroit United 4%s '33. 80% Erle 1st con 4s'9 74 Eriegen lien 4s 96, 91 Erieref 5s'67. 100 Erie con 7s'30. 58 Florida East Coa 25 FondaJ&G 4%4s'52 102 Grand Trunk s f deb 65, 106% Grand Trunk 7s°40. 91% Great North 4%s°76 104% Great'North gen 5%s "52. 107% Great North gen 7s'36... Havana Eleec Ry 5% . Hudson & Ma 5867, 87 Hud & Man ref 55 '67.... 87 Illinois Central ref 4s '85. 941 Mllinols Central 4%s°66. . 54 Inter Rapid Tran bs 52 Inter Rap Tr bs sta ‘68 45 Inter Rapld Trans 6s'32 78 Inter Rapid Trancv 7s 78 Inter & Great Nor adj 89 Inter Ry Cent Am 6%s. 85 Iowa Cent ref 4s '51. 70 Kan City South 351950 . 92% Kan City South §s°50. 84% Kan City Ter 18t 48 "6l 96% Lake Shore 4s°31. 82!5 Lehigh Valley cn 45 2003. 98% Louls& Ni 80 Market Street Ry 7s A *40 96% Mil El Ry & Lt 1st ref bs. 12 Minn & St L ref 484 96'% M3tP&SSMEYus 814 Mo Kan & Tex 1st 94' Mo Kan & Tex ad) 95% Mo Kan & Tex pr In 70 Mo Pacific gen 45 ‘75 95 Missouri Pacific 68 A "¢5.. 94% Mo Pacific 6s F* 9315 Missourt Pacific 55 G. 90 Mobile & Ohlo 4148 77.. 45% Nassau E148°5 . 93% N ¥ Cent deb 4 Grao 101% N Y Cent ref imp 68 2013, 102% N Y Cent deb 6, 101% NYChi& St Lref6%4a 100 NYChi&StLref6%sB 96% N Y Chi&StL6sA 1931, 70 New Haven deb 48 '57... 845 N Y N H & Hart 448, 67. 102 N YN H& Hartelt 65°40. 117 NYNH& 1 5 NYRy6s'ss... 10% N Y State Ry 4% '6: 92% 108% 4 109 North Pacific r 163 2047.. 113% 83'5 Ore Wash 1stref 4s 1961 90% 97 Pennacn 4% 93% Penngendls 99 93 Reading 43%3°97.. 80% Rio Grand West col 48 9k RIATk & L 4% °34. Stl iron Mt gen bs 1 G4 StL & San Fran §s 93% St Louls S W con 4 89% StP K CS Lins 50% Seaboard A L ri 85% South Pacific col 86% South Pacific ref 86!4 Southern Pacifie Southern Ry Southern Ry 1 109% Southn Rw: g 117 Soutnern Ry dev 648 '66. 48 Third Ave Istref 45°'60... 26 Third Avead) 6s '60. 55 Ulster & Del 65 ‘28 91% Unlon Pacific 1st 48 ‘47 82% Union Pacific 45’68 . w. Cless. Chge. MU 99N + & 100t 100% — % High. Lo |about normal. Sales of meats the few FHEFEET F IR EFFETESIE FEF TRADING IS DRAGGY AT D. C. MARKET; GAIN IS FORECAST (Continued From Eighth Page.) York and California were reported the past week, and it is expected that heavier receipts will b2 here for the holiday season, cclery always being in demand for the Christmas dinner. Cranberries, also in demand for the Christmas dinner, are not so plenti- ful, according to reports, but dealers say supplies will be sufficient to meet demands. Meat sales the past week continued 1 days before Christmas never are ex- pected to be great, according to dealers, consumers holding back to enjoy their fal l:!l turkey and other varieties of ultry. Butter and egg prices declined during the week, the drop in wholesale prices not being great enough to materially affect retail prices, however, accordin to statements of dealers. Just what will happen before Christmas_in the two markets is problematical. It is believed that egg prices will further decline, and there 15 so much butter in storage plants, it is stated, that butter prices also should tak: a further drop. Business at Municipal Fish Market continued fairly good throughout the week. Receipts were more than ample to meet demands, dealers stated; o ters, however, not being so plentiful and prices slightly higher. Increased receipts of fish from nets operated along the creeks below Alex- andria was an interesting feature of the week’ business. ‘These fish, mostly small, found ready sale at low rices. 5 Plentiful supplies of crabmeat from Biloxi, Miss., and packers in Maryland and Virginia interested retailers and consumers. Crabmeat from Mississippi sold at 75 and the other receipts at 50 cents & pound. Fruit and Vegetable Review. Yesterday's daily market report on fruits and vegetables (compiled by the Market News Service Bureau of Agricul- tural Economics) sald: Sales to jobbers except where other- wise noted. Apples—Supplies moderate; demand light; market steady. Barrels—No sales reported. Boxes—Washington, extra fancy Delicious, medium to large size, $3.75. Bushel baskets—Pennsyl- vania, U. S. No. 1, 23 inches up, Northwestern Greenings, $2.25; Yorks, U. 8. No. 1, 2% inches up, fair condi- tion, $1.50; Black Twigs, fair condition, $1.75; Virginia, U. 8. No. 1, Grimes, 215 inches up, siightly slack pack, $2-$2.25; U. 8. No. 1, 2'; inches up, Staymans, mostly around $2, few fine quality high as $2.50; U. S. No. 1, 2'3 inches up, Yorks, $1.50; U. §. No. 1, 2% inches up, Yorks, $1.75; U. 8. No. 1, 23, inches up, Black Twigs, $1.75-82. ‘Gabbage — Supplies moderate; de- mand moderate; market steady. New York, 100-pound sacks, Danish type, mostly $2; 90-pound sacks, Danish type, mostly $1.75; South Carolina, 1l2- bushel hampers, pointed type, $1.50- $1.75, mostly $1.50-81.65. Celery—Supplies moderate; demand moderate; market steady. New York, 23 crates, mostly $3.75; California, crates, $5.50-86, 3> crates, fine quality and condition, $3.75-84. 1 Lettuce—Supplies moderate; demand moderate; market steady. California, crates, Iceberg type, 4-5 dozen, $5- $5.50; fairly well headed, $4.75; 6 dozen fair quality, $4-$4.25; Florida, 1Y,-bushel hampers, Big Boston type, $3.25-$3.50; poorer, $2.50. Onions—Supplies moderate; demand light; market steady. Ohio, 100-pound sacks, yellows, U. S. No. 1, medium size, $2-2.15; Indiana, 100-pound sacks, yel- lows, U. 8. No. 1, medium to large size, $2.25-$2.35. Potatoes—Supplies moderate; demand light, market steady; Maine, 150-pound | sacks Green Mountains, U. 8. No. 1, 4.5004.65; 120-pound sacks Green Moun- | ¢, No. 1, 3.65a3.75; few low as 100-pound sacks Russet 3.75a4.00; New The Commercial National Bank Pays interest on DAILY BAL- ANCES on Savings Accounts. Interest starts from DAY of deposit and earned to DAY of withdrawal, Come in and let us explain Resources Over $20,000,000. 14th & G Streets R. GOLDEN DONALDSON. President Offices for Rent in the Chandler Building 1427 Eye St. N.W. IN’ the heart of Washington's financial district. Single Offices and Suites. FIATU'RINO free secretarial service, public stenographer, ice water on each floor, high- speed elevators, excellent outside light and Venetian blinds at all windows. HANNON & LUCH Manaoing Agents THE SUNDAY STAR, WASHINGTON, D. C., DECEMBER 15, 1929—PART SIX. York, 150-pound sacks round whites, U. 8. No. 1, 4.25a4.35. String Beans—Supplies moderate; de- mand moderate, market slightly weaker; Florida, bushel hampers, flat type, 2.5082.75; pearls, 2.50a2.75; fair qual- ity and condition, 2.00. Cucumbers—Supplies light: demand slow, market slightly weaker:; Florida, bushel hampers, choice, 2.5082.75. Squash—Supplies light; demand moderate, market steady: Florida, pep- per crates, fancy, 3.50; ordinary quality, large size, 2.50. Eggplant—Supplies light; demand light, market steady. Florida, pepper cral wide range in prices, best. 3.0024.00; ordinary quality low as 2 ‘Tomatoes—Supplies light:. dei light, market steady; California, lug boxes, green, ripes and turning, wrapped, 3.5024.00. Repacked, unknown origin, threes and fours, ripes, wrapped, fancy and choice count, 2.50a3.00. Spinach—Supplies moderate: demand moderate, market steady; Virginia, Nor- folk section, quality and condition im- proving, bushel baskets, Savoy type, best, 1.25a1.35; poorer low as 1.00; Texas, no sales reported. Cauliflower—Supplies light: demand light, market about steady; California, pony crates, 2.75a3.00; few higher. Peppers—Supplies light; demand light, market dull; Florida, pepper crates, fancy, 6.00: choice, 4.00. Peas—Supplies light: demand moder- ate, market weak; California, 45-pound crates, 8.00a8.50: Florida, express re- ceipts, late stock, badly field-frosted, - |no_saies reported. Carrots—Supplies moderate; demand moderate, market steady; California, Western _lettuce, crates, bunched, 3.50a3.75; Texas, Western lettuce, crates, bunched, mostly around 3.00. Beets—Supplies light; demand light, market steady; Texas, Western lettuce crates, bunched, mostly 3.50. Strawberries—Supplies light; demand light, market dull; Florida, pony re- frigerators, missionarys, mostly around 40c per pint; 75c per quart. Oranges—Supplies light; demand moderate, market about steady; Florida, boxes pineapples No. 1, medium to large size, 4.00a4.50; No. 2, medium to large n;eo.. :7!.;3:4.00, California, boxes, navels, Grapefruit—Supplies light; demand moderate, market steady; Florida, boxes No. 1, medium size, 4.25a4.75; large size, 3.75a4.25; few fancy high at 6.00. RAIL EARNINGS OFF FROM BEST YEARS Recent Slump in Freight Revenues Has Prevented New High Records. Special Dispatch to The Star. NEW YORK, December 14—"Con- trary to the expectations raised by the resuits gained in the first half of 1929, the present year will not prove to b2 the best the rauways have nad sinc: tne war,” says the kailway Age. “The fail- ure of 1reigny business to 10w a noynal seasonal increas: 1is causig the net operating income earned in the last one-thira of the year to be substantial- ly less wnan was anticipatea. Both the total earnings and the nel oprating income repoiced tor tne first 10 months of the year included almost $30,500,000 of back mail pay which acwuaily was earned in 1927 and 1928. Even exclud- ing this back mail pay, the net operat- g income earneu auring these 10 months was only at the anaual rate ot 2.19 per cent, as compared with 5.20 per cent in 1926, wnich was the best year the raillways have had since the war, kxclusive oI tms back mau pay, the return ¢arned in 10 montas was at the annual rate of oniy 5.0 per cent. in view of tne present trend oI earn: ngs 1L seems probabie that the return reported for ine entire year will nou exceed 5 per cent, and tnat, excluding back mail pay, it Will be consider- ably_less_than nis.” Money to Loan dy trust on real estate. 1o WE WILL BUY Federal Security & Mortg. Real Estate Mortg. & Guaranty, International Finance Unita. Racquet Club Bonds, Investment Bldg. Hilltop Manor. Vermont Bldg. WE WILL SELL 50 F. H. Smith 715% Pfd. Bid. 10 F. H. Smith 7% Pfd. Bid. 150 U. S. Secyrity Units @ 3. 5,000 ;Il!'ll ist & Ref. Phila, 0 Cavalier Apt. Bid. 0 Fairfax Pittsburgh. Bid. 2,000 Properties Investment. Bid. 100 Vasco Products A Pfd. @ S. 100 Vasco Products Com. @ 3. CAPITAL CITY CO. 509 Washington Bldg. Phone District 8291-8292 A competent young man in the bulld- ing construction industry, who values | himself at five thousand a year, is open for a position. For particulars address Box 314-H, Star Office. ————_TIaANTAL. 11 CURB SHARES GAIN IN BROAD RECOVERY Rally Absorbs Week End Selling—Many Issues In- cluded in Advance. BY CLAUDE A. JAGGER, Assosiated Press Pinancial Writer. NEW YORK, December 14.—The curb market made substantial progress in today's abbreviated session, as yes- terday’s rally was continued with suf- ficient momentum to absorb.the week end liquidation. The market advanced along a broad front, a wide assort- ment of industrials and utilities clos- ing & point or two higher, and some of the higher price issued 10 to 20 points. Commonwealth Edison rmounted about 10 points, and such utilities as Amer- ican Superpower, Middle West Utili- WHEAT PRICES DROP IN HEAVY SELLING Expectation of Decrease in Ex- ports Causes ¥iood of Liquidation, | By the Associated Press. CHICAGO, December 14.—Wheat slid down today to the lowest prices here since November 18. Assertions that ex- port demand for North American wheat would remain slack until after January 1 had a tendency to promote speculative selling, and the market closed at vir- tually the day's bottom level. Some of the Jate pressure to sell was also due to the fact that a bullish statement which in some quarters had been‘ expected from the Federal Farm Board failed to ties and United Light & Power A closed | M a point or two higher. Electric Bond & Share failed to continue yesterday’s B brisk upward movement, but was firm and closed ¥, point higher. ~Associated | }i17 Gas A was an 1solated easy spot, closing nearly 1 point lower. A number of low-priced industrials | Mareh and specialties made substantial head- way. Pressure appeared to have been lifted from Fox Theaters A, and it closed nearly a point higher. Dubilier Condenser was again in demand, reach- ing & new high for the movement at 14 and closing at 1315, up ;. Amer- ican Cyanamid B, Ford of Canada A, and Zonite were among shares moving up a point or so. Great Atlantic & Pacific continued to fluctuate over a wide range in a light turnover. It shot up 25 points and closed up 20. Investment trusts were somewhat heavy at the opening, but rallied a little before the close, Lehman Corporation lost nearly 2 points, then more than recovered its decline. Goldman Sachs and Third National Investors lost about a point each, net. Tri-Continental and Re&clda Bm;h;ln ;v“e:e nrml:" toad s were dull, ene; f . Cities Service was u’xly ult’lve. nn{i closed 3 higher. NEW BOND OFFERINGS. NEW YORK, December 14.—Ninety- one states and municipalities will offer new bonds during the coming week, the total of which will amount 1o $66,594,- 444. Last week's total was $100,027,388. One large issue is for $10,000,000 4 per cent road bonds, for which the State of South Carolina will open bids on Tues- day. Other forthco: issues include: Mobile County, Ala., $3,325,000; State of Georgia, $2,000,000; Los An school district, $1,240,000, Haven, Conn., $1,800,000. SILVER QUOTATIONS. NEW YORK, December 14 (#).—Bar silver 49 Mexican dollars 36 First Mortgage Loans In Arlington County and Alexandria, Virginia Commonwealth Investment Correspondent for The Prudential Insurance Co. of America SAFE FIR'S'T Over a Third of a Century Without a National 2100 THERE We Buy and Sell ALL ISSUES .. Bank and Insarance C Beneficial Loan F. H. Smith Co. Investment Trusts S. W, Straus & Co. Mehlman & Co. Woodward Bldg. Dist. 8848 I WILL SELL $5000 THilion. Mamor 544 Mertgage X nor 6%%, 1936. - Bid. $10,000 Jefferson Apt. Ist Morigage 6%, 1939. Bid. $500, :ln Amsterdam 65% 1st Ref., $500 ::.;rhx ‘Apt. 1st and Ref. 6% %, 1943, 5 $1,300 Smith Bidg. 1st Mortgage 8%, $1,000 Pelham Terrace 1st Mortgage 51,000 5100 Mase: Ave. 1ot Mortgage 8 [ass. Ave. 7%, 1932. Bid. :l,oolo”c;h.mnm Apt. 1st Ref. 6% %, . Bid. $1,000 Arlington Apt. 1st Mortgage 614%, 1943, Q"’LS. $3,000 I; . Courts 7%, 1935, 2%5. 15 Units Wardman Mortgage & Discount @ 3214. 100 F. H. Smith 7%4% pfd. Bid. 100 F. H. Smith 7% pfd. Bid. 10 International Bank @ 93%. 400 Miller Train Control 65e. 100 Washington Base Ball @ 55. 30 Virginia Plate Glass V. T. @ 38. 50 Great National Insurance @ 14. 100 Vasco Products 8% @ 6. 5 Units International Bid. THOMAS L. HUME 1412 G St. Nat'l 1346, 1347 SOMETHING YOU CAN RECKON ON That's the advantage of in- vestment in our 6% FIRST MORTGAGES Principal is won't depreciate; and interest Loss can be depended upon regularly and unvaryingly. surely safe— May be purchased in amounts from $250 up. B. F. SAUL CO. 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY MIIIIIIIIII!IIIIIIIIIIHHIHIIIIIIIIIIIOIIIIII!HHIIIIII!IIIIIIIIIIIIIIIIIIIIIImIIIIIIIIIIIIIHIIIIIIHIINfl!lllmlllllilflfiflllllfllilIMIIM 00 Btates Department of Agriculture).— | 100% 91% Stand Ol N Y Cattle—receipts, 400 head: compared a| 98 58 Susar EstOrlent week ago, choice and prime fed steers| 110 88 Tenn Coppe: 4B and best yearlings steady to stronger; 105 92 Transcon Oll 6%s 38, 97's Va Ry & Power 58’34 supply of such grades materially re-| 97% 87 United Drugbs 4 2 83); Wabash 4158 1978.... duced; all other grades slaughter steers | 92% 80% U S Rubber Ist & % 99 Wabash 1st 5s'39. and yearlings unevenly, 25 to 75 lower; | 102% 96! U S Rubber 738 i i 4 93% Wabash 55 B 1976. top yearlings, 16.00; few odd loads of | 101 95 Utah Power & Light 9% 99 A 4 99 Wabash 513875, . choice to prime heavies, 14.25 to 15.00: | 98 86% UtllitesP& L 6% 4 89% 2 73 Western Maryland 4s ‘52, few above, 14.00; bulk fed steers, 11.50 | 85 831 Walworth 6s'45. 81 =87 891 Westn Maryland 6%5'17. to 13.75; most butcher and half fat{ 104 5% Walworth 6%8°35....... 95 983 = 93% —1% 94 Western Pacific 68 "4 yearling heifers, 1.00 or more lower;| 111 105% Western Union Tel 6%s.. 108% 109 + % 4 81'% West Shore 1st ¢s 23 many 1.50 to 2.00 below early last week; fat cows and bulls, 25 to 50 lower; low cutter and cutter kinds weak to 25 down; most vealers, 1.00 lower; stocker and feeder trade narrow; generally steady, Sheep—receipts, 3,000 head; run in- (7] cludes 800 through; scattered sales good o choice fat lambs steady at 13.25; by = the week 46 doubles from feeding sta- ge.. tions, 3,800 direct; early 25 decline due to slower dressed lamb trade; later re- 4 3 placed with curtailed marketing; com- | 116 pared one week ago, fat lambs strong; at ewes, 50 lower; top fat native lambs, 13.75; fed Westerns, 13.60; yearlings, 3% Virginia-Caro Chem. 11.00" early; fat ewes, 6.00: late, 5.50; ‘aro Chem 6% of bulk prices fat lambs, 12.75 to 13.25; Va-Caro Chem pf (7) yearlings, 10.00 to 10.50; fat ewes, 5.00 Sabash to 5.50; feeding lambs unchanged, bulk w""h~ i to cholce 55 to 67 pounds, 12.00 e LESEs A (B 12.40; top, 12.75. b S LIED Hogs—receipts, 12,000 head, including b il b 10,000 direct; market mostly 15 to 25 b by LS8l lower; very slow at decline; top, 9.40; Wara B el ) mostly 9.20 to 9.35; market on good to Wa romEbin o choice hogs scaling 160-280 pounds; Werner Brog Bic (4) akippers, 1,000; estimated holdovers, WAL R BroR RO LY 2,000; butchers, medium to choice, 250~ 300 pounds, 9.00 to 9.40: 200-250 und, 9.10 to 9.40; 160-200 pounds, 500 %o 9.35; 130-160 pounds, 8.60 0 9.25; packing sows, 7.50 to 8.60; pigs, medium to choice, 90-130 pounds, 8.00 1o 9.00. 1435 K St. Nat. 2345 85 Union Pacific ref 4s 2008 99% Virginia Ny 1st bs ‘62, National Metropolitan Bank Capital, Surplus and Undivided Profits, Over $2,300,000.00 15th St., Opposite U. S. Treasury—115 Years Old OLDEST NATIONAL BANK IN THE DISTRICT OF COLUMBIA R SR SRE S SR SRR SR SR S SR SR SR SR SR Persistent Thrift Throughout the Year —SPELLS READINESS for holiday or any other special demands. . {iStart saving with The . Metropolitan This Payday. We've been doing busi- ness for over a century, and will be here to protect your cash in your old age. {/One Dollar or more will open a savings account. First Mortgage Notes L Vadasco Sales...... Vanadium Steel (t4).. Van Raalte. ... Vick Chem Co (2%). 27% White Rock Min Sp (14) White Sewing Machine. . White Sewing M pf (4).. & Wilcox Ofl & Gas....... Wilcox & Rich (A) 3% Wilcox Rich B tc2). Willys-Overland (€1.20). WiSoN & CO.vvvnannnnes Wilson & Co (A) . Wilson & Co pt. . Woolworth Co (2 40).... Worthington Pump. Worthngton Pump A (7) Worthngton Pump B(6) Wright Aero (2)e. Wrikley Wm (4) % Yale & Towne (15) ¢ Yellow Truek & C % Young Spring (3). Youngston Sheet & Zenith Radio (3)....... RIGHTS—EXPIRE. Allis Chalmers, Dec 31.. Am Rolling Mill.Feb 15 Bucyrus Erte. ... Dee 30 »7 Glover & Flather 1508 H St. N.W. Naticnal 1753 Prdl+1 » 1++ TETEEr (AN NN AN Interest on Savings Wells-Fargo Express. Wesson Oil & Snow (2). Wesson O1] & Sn pf (4).. - . Western Dairy A (4) BALTIMOB‘E & OHIO. Western Dairy B.. Western Maryland e NEW YORK, December 14 (#).—Di- 5 100 rectors of the Baltimore & Ohio Rail-| 53, ~14% WWestern Md 29 pt. 1 road, it was reported today, are con- Weatern Pacif i v . 3% templating an increased capital expen- ern Union Tel ( 2 % Reynolds Spr. . san 24 diture for next year which, including Westinghouse Alr B (2) % Utd Gas Improv. Dec 31 uncompleted items on the 1929 pro-| o0 b e A S ek . am, will aggregate about $48,000,000. Weston Elec Inst (1). f this amount about $32,500,000 is to s Gl be spent for roadway and structures Wextark Radio (e3) end $15,500,000 for equipment. Compounded Semi-Annually Open Un... Osaniseds 981 5:30 P.M., Monday, Dec. 16th in 1814 COLUMBIA PERMANENT BUILDING ASSOCIATION 733 12th St. NW. 3% Paid on Savings = Christmas Cash Sent Anywhere by Draft and Cable filllllflllfllflfillflllllmllfllIIIIIHHIIIHflIINIIIIIHIIlHHIIIMfllIIIflmIHMHIMIIHIIIIIIIIM [ us b 4 > =4 i siock. "¢ Flus 8% ed yable in eash or stock. TPive 198 in stosk. % in stock. h Partly stock. 1 Pl at in stoek. k Plus 1%% » syt it dode share in stock. © Plue 3% in stock. f v A nutmeg tree will yield from 1,oool 233% + 38 2 Eag 10 10,000 nuts a year. 53% 27% White Motors (3).