Evening Star Newspaper, December 17, 1929, Page 13

T RINANCIAL ired by firat deed of trust on real Prevailing_interest and commissio G_huplz 1 Start Now and Buy 6% FIRST MORTGAGE NOTES DENOMINATIONS OF 3250 'AND UPWARDS REST CHECKS RECEIVED BY INTE INVESTORS THE ARE DU BOSSEHELPS 1417 K St. National 9300 Interest on Savings Compounded Semi-Annually U.S. TREASURY SUPERVISION = ! \ ~2)1\ Unconditionally \“!) GUARANTEED Speculation or Guaranteed Income? Thousands of speculators recently learned that 6% with Safety is far hetter than huge book profits that melt away overnight. Our 6% First Trust Notes mean guaranteed income. Get the facts about this sofe, profitable investment. ml[alNVESTMENyco National 2676 Continental Trust Co. 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts Acceptance Credits Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER, President Capital, $1,000,000.00 "IN HEAVY SELLING | the low of the year, which was reachea | on November 14. The average price of {10 foreign government issues is just i rails and foreign dollar credits. | good and sufficient, to absorb more than | | Lanston Monotype—10 at 107, {Income Tax Liquidation Held| | Ccause for Downward Trend in Market. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, December 17.—Bonds | went to a new low level for the month today under the usual year end volume of fax selling. This translation of | paper losses into actual losses in order to gain exemption from income tax on these amounts is particularly heavy this month. and it has turned the list down- ward in the face of a healthy demand | | for fixed income securities. 1 The average of 40 domestic bonds. | however, is still nearly 3 points above over 2 points higher than its low of the year, touched on October 30. Today's decline was general, every department showing a preponderance s natural that the heavier de- clines were shown in those parts of the list most active at the high levels of two weeks ago, such as second-grade Announcement from Buenos Aires that the government conversion office had been closed to prevent gold with= drawals for export quotation resulted in & decline in pesos and Argentine descriptions. _South Americans were weak, but the Italian and French bonds firm.” German bonds followed the mar- ket downward. Berlin City bonds were lower, with the Reichsbank’s refusal o approve a $15,000,000 City of Berlin loan. MONEY MARKET. NEW YORK, December 16 (#).— There was easier undertone to the call money market today and while the offi- cial renewal rate of 41, per cent was maintained throughout the day, funds, of which there was a plentiful supply, were available in the “outside” market at 4 per cent. There appeared to be little demand. Time money, on the other hand, was firmer, with 5 per cent quoted for all maturities, against 43, to 5 per cent in effect at the close of last week. Demand for bankers' acceptances was | the amount offered. Asking rates were | unchanged with 30 to 60 days at 4 per cent, 90 days, 37 per cent; 120 days, 4 p(f*l‘ cent, and 150-180 days, 4'a per cent. CHICAGO DAIRY MARKET. CHICAGO, December 17 (#).—But- ter—Steady; receipts, 10,484 tubs; creamery extras, 37; standards, 36 extra firsts, 35 to 36; firsts, 33 to 34} seconds, 3112 to 32. Eggs—Steady: re- ceipts, 3,085 cases; extra firsts, 50 to 53; graded firsts, 46 to 48; ordinary firsts, 38 to 43; refrigerator extras, 3772; refrigerator firsts, 3615, Bendix Aviation Corporation. NEW YORK, December 17 (#).—The Bendix Aviation Corporation, holding organization for a number of aviation companies, is reported negotiating for the Consolidated Instrument Cu. of America. Washington Stock Exchange SALES. Potomac Electric Cons. 55—$1,000 at 100, $1,000 at 100, Washington Gas 55—$1,000 at 100. Washington Gas 65 A—$200 at 101%. Capital Traction Co.—18 at 75. Polomac Electric 5}5% pfd.—5 at 1041, 10 at 10415, 9 at 105, 4 at 105, Washington Rwy. & Elec. pfd—20 at 94%;, 10 at 9434, 65 at 94%. Norway 6%s 1952, Orient dev 6%s 58.. Paris Orleans 6% Paris-Ly-Med Paris. Py u Peru 6s 1961 Phine Wst E P 6s 6: RhineWst EP 7s 50 Rio de Janerio 6%s Rio de Jan 8s 1946. Rio Grdo Sul s 43. Rio Gr Do Sul 8s. THE EVENING STAR, WASHINGTON, - BOND PRICES DROP | [oxew vorx BONDS sroct excnavc] Received by Private Wire Direct to The Star Office UNITED STATES. (Sales are in £1.000.1 Sales. High. Low. 3:15. 11l 9914 998 9913 s 26 10031 10028 100 31 Lib 4th 4% 230 10114 10111 10112 3 125 104 25 10419 10419 2 11116 11116 11116 FOREIGN. Sales. 5 51 35 US$y . US4yss2 ArgentineBs. ... Argentine §sJu 69. Argentine 8s Oct 69 Argentine May Bank of Chile 6% Belgium 6s. | Belglum 6348 Belgtum 78 1956. Belgium 78 1956. Belgium 7%s Bolivia 7= ct '69 Bollvia3s. . Bordeaur 6s. B Bremen State Canada 6s 1931 Canada 5s 1952. Chile €5'60.... Chile 6561 Cht! Chr Celombia Con Pow Japan 7s. . Copenhagen 4%s 58 Copenhaggen 5s ct.. 2: 101% istianl o Tale Danish Munic 8s A Danish Munic 8s B. Denmark 4%s Denmark 63 ‘55 El Salvador 85 43 Irish Free Sta Italy 7 Italian Pub S 78, Japanese 4s. . apanese 6% Karstadt 6s 1943, ., Kreuger&To'l 6a et Lyons 6s. Marseille 6s. . Mex 451904 asnd Mexico 4s 10 asnt. . Mexico 5sasnt. Milan 6%s. . © ® »wormaiBsnBann~SBuhn . Ly-Med s 1981 wB0an RBaapa~ P Commercial National Bank—10 at 255, 10 at 255, 10 at 255. Lincoln National Bank—1 at 415, Riges National Bank—4 at 530, Barber & Ross com.—25 at 162, 75 at 16. Lanston Monotype—10 at 107, 2 at 106'%, 4 at 107, 5 at 107. Mercharts' Transfer & Storage pfd.— 9 at 114, AFTER CALL. 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 10’ Washington Gas 6s B—$500 at 10414, ‘Washington Rwy. & Elec. 45—$1,000 at 831 315, | Washington Gas 6s B—$100 at 102%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. or. gual C. & P. Tel. of Va, bs. Capll draction K. K. City & Suburban ... as 15t cons. 5 6 1953 Alex. & Mt. Ve s} rnon CUf. h.) Baito. & 3 nnap. b Bayis s eries B y. & Elec. 4s. MISCELLANEOUS. Barber & Ross, Inc., 6%z5.... Cham.-Vanderbilt Hotei 6% Chevy Chase Club 5%as. D. C. Paper Mfe. 65 Pot. Joint_Stock Ld. W. M. Cold Storage bs. Wash. Rw | Wash. Cons. Title 6s. STOCKS. PUBLIC UTILITY. Potomac Elec. 51z’ pid Wash. Rwy. & Elcc. com Wash. Rwy. & Elec ptd .. Balt. National Capital Columbia . mmercial Natio District .. . Second National TRUST COMPANY. Americar, Security & Trust Co. 430 4 Continental Trust 133% Merchants' Bank. 130 National Savings & Union Trust.. Washington SAVINGS BANK. Bank of Bethesda | Commerce & Baving Washington.. United States. | Washington ~ Mechai FIRE INSURANCE. American Corcoran Firemen's ', National Union TITLE INSURANCE. Columbia Title s Real Estate ... } Title & Inv. of Md. i3Es MISCELLANEOUS. . Sand & Gravel pi Commerciai Natl. Co. pid D. C. Paper Mfg. pfd Security Storage. The Carpel Corp. Ter. Rel. & Whr. Corp. Wash. Mech. Mige. com Wash' Medical Bide. Corp. Woodward & Lothrop pfd. *Ex dividend. Shinyetsu 618 52, Soissons 6s. Utd Kingm 6%s 37 Utd Setam Copen §s 6 - M= e nanlueanSalzann amm » 6% 96 95% MISCELLANEOUS. Abram&Straus 6%4s 3 100% 100% Alleghany Cp 68 '44 63 993 Alleghany 68 49 wi. 20 AmAgriChem 7%s. 10 Am IntCor 6%s 49. 2 Am Chem 6%scv 49 16 Am NatGas 6%4843. 10 Am Smit& R L b Am Sugar Refés... 4 £45 9 Yokohama Am T&T cv4lyn 39 Atl Gulf 55 69 Bell Tel Pa 68 B. Bethlehm Stl pm Beth Steel 548 53. . Bethlehem Steel Bush Term Bldg 68 Certain-Td 638 rets Chile Copper bs. Cuban Am Sug Den Gas 6 Det Edison Py e N L 3 Duquesne 4148 67.. East Cuba Sug 1%8 Fisk Rub 8s..... Gen Cable 638 47 Roo BalS Intl Mateh Int Mer Ma; Inter Paper Int Tel&Teleg 4% . Int Tel&Tel 4 3458 cv Laclede G 5348 63. FRaNN—RmaLe o N 99% 101 98% 1024 102% 1024 102t 102% 101% 1024 & E1 PacT&T1stbe... 1 102% 2| Ore Wash Ist | . Low. 3:15. | 103% | | Philips Petro 6% » Por Ric Am Tob & Postal Tel & C5% Pressed St Car 5: Punta Alegre 7 Stnclalr Ot} Sinclatr Ofl Stand OIl N Y 4% Tenn Elec Pow 68 Tex Corp ev bs 19; Transcontl Ol 6%s United Drug 6s 63. . U S Rub 1st rf b 18 Rub 714s.....0 Utah Pow & Lt 6s. . Utilities Powr 5%8 Vertientes Sug 7s. . Walworth 6%s 35.. Westn Union bs 61. Wertn Union 6%s. . White Sew Mach. .. Wickw Spen 1st Wilson & Co 1st 6 Win RepeatAr 7% Youngstn S & T bs. 101 RAILROAD. AS&SF cvt 4s 05. Atchison ad) 4s. Atch deb 4% 43. Atl & Dan 1st 4s 43, Atlantic C L 1st 4 Atlantic C L 4s. B & O Gold 4s.. 100% 102% 62 100% 8814 Brdway & 7th Av bs Brooklyn Elev 6 Rklyn Manhat Bklyn Un El bs Bush Term con 68, Can Nat 4%s 30 Can Nat 4%s 64 Can Nat 4% 67 Can Nat 435 68 Canada Natl 5s.. Can Nor 6348 Can Nor 78 Can Pacdebds..... Can Pac 4%846.... Can Pac bs ‘44 rcts. Canada Sou bs. Car Clinch & O bs Cent of Ga 6sC 59 Central of Ga 6% Cent Pac 1st 65 90.. Ches & O Corpn 6s. Ches & O 4%893 A. Ches & O cv 4% Ches & O gen 4%s Chi&E 111 &n 65 61.. Chi Gt West 45 69.. 1 Chi Ind&L ref 5s. CM&StPGen8y.. ChiM&StP414sC8! Chi M&StP 4%x E Chi MiISP&Pac5aT| CMSP&Pac adj5s03 Chi& NW en 3%s.. 100% 993, 105% 102% Chi Union Sta Chi Union Sta CCC&SIL 4%s CCC & St L bs Clev Term 5% Colo & Sou 4% Cuba R R 651936 cf D& Hud ev 65 38... Del & Hud 18t rf 4». Del & Hud 75 30.... Den & Rio G cn 48.. D Rio G West 58 Des M&FD 45 ctfs. Erfe conv 4s A. Erle cv 65 67. Erle & Jersey 6s. Fla East C 6374 2 Fonda J&G 4%s 53. Gr Trunk st db Granhd Trunk Gt Nor4%s 176 GtNor4%sE Gt Nor b: Gt Nor 6%s. Gt Nor gen 7s 4 Green B & W deb B. Hav El Ry 6%s 61.. Hocking Val 4%, Hud & Man a) 5 Hud&Man ref 6. .. 111 Cent ref I Cent 4% s 111 Cent Chi 4 % 111-C-C-StL&NO bs Int Rapid Trans 6s. Int Rap Tr 68 stpd. Int Rapid Trans 6s. Int Rapid Trans 7s. Int & G Nor bs 1956. Int &G Nor adj 656 Towa Cent 1st 58. .. Kan City S 3s Kansas City 8 Kan City Term Lake Shore 48 31 Long Is b Louis&N: Louis & Nash bs Louls & Nash 6% Man Ry 1=t 48 90... Mil El Ry & L 6» 61 M StP&SSMen 4s. . M Stp & SSM cn bs.. 11 52% 2814 104% 105% Sasy 99% Mo Pac 63 G Mo Pacb%s Mont Term ref Nassau El 48 61 x & M NH NH&Hart 4%s. N Y Ry 6s65... N ¥ State Ry ¢%4s. . NYState Ry 6%s 63 NYW&B4%s 41 179 Orden&Lake Ch 4 Ore Short L cn bs D. C, TUESDAY, DECEMBER 17, [POULTRY RECEIPTS EXPECTED T0 GAIN day Prices. Wholesale poultry dealers this morn- ing were without definite information as | to the prices which will prevail during| the Christmas turkey market { “There are ‘P]en!y turkeys,” observed ! a dealer, “and the demand should be better than the demand during the Thanksgiving market. “As to prices,” he added, “they should not be much different from the prices quoted during the Thanksgiving holi- | day season. “And if the prices should go high, he added, “consumers will hold off. It is generally believed by wholesalers that turkey prices during the holiday season will be about 35 and 36 cents, the suggestion being made that there should be about a 40 and 45 cent retail matrket. Nearby Shipments, Supplies of dressed stock from Texas are on the way here and to other cities in the East, coming in chilled cars, and | any supplies coming later, it is stated, will have to come by express, making the prices several cents a pound higher. Raisers in Maryland and Virginia are bringing in their turkeys to local dress- ing plants and wholesale houses. Re- ceipts this morning were not especially heavy, dealers stated, but increases are expected the remaining days of the week. Slight changes in prices were report- ed this morning, but they were so slight that they had practically no bearing upon the market. A continued firm condition nfd(,hc butter and egg market was reported. Tamonte _quantities of frults and | vegetables were displayed on the farm-| ers' line and in the commission house | district, all varieties of both fruits and vegetables being plentiful and prices, according to dealers, cheap. Early morning trading was fairly active, dealers reported, but the markes soon became quiet. Several carloaas of green peas, mostly from Mexico ana California, already have reached the Jocal market for the holiday trade, deai- ers quoting 45-pound crates at $7.25 and $7.50. . str‘lng beans this morning were more plentiful than at any time this season, best quality selling around $3 a bushel basket, while some of ordinary quality were to be had as low as $1. s Strawberries, more plentiful, ~were offered at 60 and 65 cents a quart, and dealers expect they will sell as low as 50 cents for the holiday trade. Prices of most commodities this morning were substantially the same as prices quoted yesterday. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. tter—One-pound prints, 4015a4115; 557704015 store-packed, 30a32. Lot 98"y 9B Seab A L 4s. 67 67 Seab AL ref Seap AL adj Seab AL c S B All Fl SB Al Fla6s36 B.. Sou Ry gen Sou Ry 68 56. Sou Rv 6148 Sou Ry Mo & O ¢s.. Tex Ark F'S 6% 60 Tex & Pac 68 C Third Ave ret Third Avead) Tol St L & W Tol Tr L&P 6%s 30. Ulstr&Del 55°28 sta VyRy &P 6 Wbash 418 78 rcts. Wabash 1st bs. Whash 638 76. West Maryland ¢ TRUSTEED SHARES The ID! for in. EAL vestors who _demand YIELD and GROWTH of principal Speciall sujted to lo] erm in- Sold in_Lots—$100.00 Up Call or Write Standard Collateral Shares Corporation d ding.., . CONSERVATIVE INVESTMENTS Inquiry invited STROUD, KURTZ & CO. Incorporated TRANSPORTATION BLDG. WASHINGTON Mortgage Notes Postabte, conservative, invest- ment of your funds... the safe, convenient security that is the first choice of the %! . Penna gold 7s. . Peorfa & E inc Reading gen ¢%s A Reading J C ¢s 61 RlArk& Loy 1StLIM&S gn B8 31 SIL&SFpl4nA.. & RCShL 4 StLS W ist & SILS W eor experienced investor. * We will gladly tell you more of the 6% notes now available * H. L. Rust Company 1001 15th Street N. W. | few high as 4.00: extra fancy Sta ¢ | crates, fancy, 7.00a7.50. 1929, Eggs—Hennery, 55a58; fresh selected, | 53a54; current receipts, 48a50. Poultry, alive—Turkeys, young hens and toms, 28; old toms, 25a26; Spring chichens, large, 23a24; medium, 22a23; broilers, 28a30; fowls, 22a24; Leghorns, 17a18; roosters, 20: ducks. 15al8. Dressed—Turkeys, young hens and toms, | 34a36: old toms, 32a33; Spring chick- ens, large; 30; medium, 28a29; broilers, | 35a36; horns, 26a27; fowls, 27a28; | ducks. 28a30; roosters, 23a25; capons, | 35a40; keats, 50a60. | Meats—Beef, 20a22: veal, 24a26: | lamb, 24a27: pork loins, 22a25; fresh | hams, 20a22; fresh shoulders, 18a22: smoked hams, 25a26: smoked shoulders. 18a20; bacon, 25a26; lard, in bulk, 13; in packages, 12. Live stock—Calves, 15; lambs, 1212a13. 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 (sales to jobbers | except where otherwise noted): moderate; deman: vania, U. S. No 1. 2!, inches up, Yorks, 4.50; boxes, Washington, extra fancy Delicious. medium to large size, 3.75: | mans, medium to large size, 3.00a3.25: | bushel baskets, Pennsylvania, U. S. No 1, 21, inches up, Yorks. 150 black | twigs, U. 8. No. 1, 212 inches up, 1.75; Virginia, U. S. No. 1, 2% inches up, Yorks, fine quality and condition, high color, 2.00a2.25 Cabbage—Supplies moderate; demand | moderate, market steady; New York, und sacks, Danish type, mostly .4 90-pound sacks, Danish type, mostly 1.75: South Carolina, 1'2-bushel hampers, pointed type, mostly 1.75; fair quality as low as 1.50. Celery—Supplies liberal demand moderate, market about steady; New York, 23 crates, 3.50a3.75; Californi: cr_Tsr.u 5.0086.00; 15 crates, fine quality, 3. Lettuce—Supplies moderate; demand moderate, market steady; California crates, iceberg type, 4-5 dozen. 5.00a | 5.25; fairly well headed, 4.75; Arizona, crates, iceberg type, 4-5 n, 4.i0a 5.00; Florida,. 115-bushel hampers, big Boston type, 2.50a3.00. Onions—Supplies moderate; demand light, market steady: Ohio, 100-pound | sacks, Yellows, U. S. No. 1, medium size, 2.00a2.15; Indlana, 100-pound sacks Yellows, U. 8. No. 1, large size, 2.25a2.35; Colorado, 50-pound sacks, Valencia ‘type, U. 8. No. 1, very large size, 2.00. Potatoes—Supplies moderate; de- mand moderate, market steady; Maine, 150-pound sacks, Green Mountains, U. 8. No. 1, 4.40a4.50;. 120-pound sacks, Green Mountains, U. 8. No. 1, 3.50a3.6: New York, 150-pound sacks, round whites, U. S. No. 1, 4.2524.35. Sweet potatoes—Since Friday's report —Supplies moderate; demand light, market dull; East Shore Maryland, bushel hampers, Yellows, No. 1, mostly around 1.50; nearby Maryland, bushel baskets, Nancy Halls, No. 1, 1.75. String beans—Supplies libers de- mand moderate, market weak; Florida, bushel hampers, green, round and flat types, 2.00a2.25; fair quality low as 1.50; 34-bushel hampers, green, 1.25a | 1.50; few higher. | Cucumbers—Supplies light; demand | light, market dull; Florida, bushel | hampers, fancy, 3.75a4.00; few higher, choice, 2.50a3.00. Eggplant—Supplies light; slow, market steady; Florida, crates, 2.75a3.00; few fine light; demand higher. ‘Tomatoes—Supplies light, market steady; unknown origin, repacked, threes and fours, ripes, wrap- ped, fancy and choice count, 2.50a2.75. Spinach—Supplies liberal; demand light, market slightly weaker: Virginia, Norfolk section, bushel baskets, fair demand pepper quality FINANCIAL, F¥Y ADVANCE IN WHEAT PRICE LEVELS SEEN By the Associated Press. The advance in cash wheat prices forecast a month ago by the Depart- ment of -Agriculture in its price situa- tion report was said in the analysis made today of December price levels by the Department, to be underway. Other agricultural commodity price levels, which had declined between Oc- tober 15 and November 15, as a result of the severe break in were somewhat higher than the No- vember 15 level, but were reported as $3,500.000.00 63rd Vs Cor. F. B. KEECH Mem which we recomm NEW CHICAGO PHILADELPHINA quality and condition, 75a1.00; ordinary quality and condition, 35a50; Texas, no sales reported. | Cauliflower—Supplies light; demand | light, market steady. California, pony | crates, 2.75. | Peppers—Supplies light; demand light, market steady. Peas—Supplies light; market slightly weaker. pound crates. 7.50a8. We Buy and Sell ALL’ ISSUES Bank and Insurance Co. Beneficial Loan F. H. Smith Co. Investment Trusts S. W. Straus & Co. Mehlman & Co. Woodward Bldg. Dist. 8848 demand light, California, 45- " First Mortgage Notes 6% Glover & Flather 1508 H St. N.W. Naticnal 1753 Florida, pepper | | stock prices, | being below the average for October. Large avallable supplies of wheat in the United States, the report sald, tends to hold in check marked ad- vances in wheat 'es and any such advarices as_ recently e lenced are likely to be followed by a recession, in | the opinion of the department. The | expected reductions in southern hem- | isphere crops, the report said, have been confirmed by recent reports. | congestions in continental =Europesn markets were reported as disappearing |and the European demand for Ameri- | can wheat was sald to be showing some | evidences of increasing. N Two of five teams in the base ba!l | league of Mazatlan, Mexico, are com- posed of girls. Decide Upon a Savings Account —for your boy and girl, and you'll make a common-sense gift of great potentiality. {[Practically any sum will open an interest-earning ac- count at this strong, old bank. National Savings & Trust Co. The Oldest Savings Institution in the District of Columbia 15th and New York Ave. & COMPANY bers of New York Stock Exehanse We have prepared a list of securities end as investments. We shall be pleased to furnish this circular upon request. H CORNER 17TH ST, N. W,, WASHINGTON YORK PROVIDENCE BROOKLYN SCAEE FIRST favor 6% Ower a Third never of a Century Without a Sec its Loss Vational 2100 There are two very strong and convincing .arguments. in —as an investment. First of all your principal is secured in valuable real estate. attractive when you consider unvarying certainty invariable promptness. * May be purchased in amounts from $250 up. B. F. SAUL CO. NO SUBSTITUTE FOR SAFETY MORTGAGES CARE-FREE INVESTMENT - of and preference for our FIRST MORTGAGES in jeopardy. It's safely ond—the interest is most and 925 15th St. N.W. \ e | «-l 8100 Eeabliched 1889 First Mortgage Real Estate Notes Paying Six Per Cent Are Obtainable Through the Office of hannon & Luchs, Inc. 1435 K Street N.W. In Denominations of13100 Up The character of this form of Investment is of the same caliber as has typified our institution right here in Washington with you since 1906