Evening Star Newspaper, December 18, 1929, Page 13

Forore - PENARCTIA " BOND PRICES GAIN | Cormw o BONDS ok sicmane] 1otz ™ 32 i 5 ™ vt artwwcrve it g ¥ ‘ Received by Private Wire Direct to The Star Office StL& S Fplés Preferred stocks are prime mediums Sids.. 9th & ¥ N.W. 5 L& either for permanent investment pur- = — e s ".AI:" Pacific Gas B 105n 1013 101% | SLL S W con 4833 mainly interested in common stock « 1.000.1 e o e nten Hygh. Low. Close 2 102 StLS W 6a 63 commitments, nevertheless desires to re- | || FFirst Trust Notes s 1 poses or for the investor who, aithough 999 999 999 108 StP & KCShL 4% tain a substantial buying power in re- Burmand¥ 13 100 30 10029 100 30 9 Seab AL ref 124 10116 1019 10112 Sean AL adj Tax Seling Fa st e | . Now: Aveilabl Tax Selling Offset by Re-| usamses 130 100 9921 9521 ! Seab AL 3 Bt OowW" Avallable oo 3Ms47. 251 9930 9921 992! SBAll Fl !0":0@‘[ . X us - newed Purchases of High- | Z81%si 216418 16te2 101 | Paitos Pece o e atie o e i beass s o 6% us -_» astas 19 are attractive on a yield basis, free from n S %32, 25 11110 11110 11110 . . normal Federal income taxation and bt g b Sg e L Grade lssues. , ke , : 3 | R nE | A MEs F. sHEA Cities Service Securities = ch. Low. Close. - corpora profits, during the first half - - LS. Argentine 0% 90 904 - O TV0N e (e davaiipe’ the et (O3 643 Louisiana Ave. N.W. This Christmas, give a present that will last BY F. H. RICHARDSON. Argentine §sJu 6. 90 | Richfield Of] 98 %! preferred dividends are covered with companies are, furthermore, of | [ that are paid on Cities Service securities are _which they are again.attractive and as| Argentine 63 B 1 | 8in Pipe Lin Tex & Pao s C 5 iy common stock commitments. *way despite continued tax selling. Australia 65 1957, . Southwest Bell 6 Third Ave 1st & delt in the, ralls, both legal and d | Bank of Chile 6% 8. 9314 94 3 q % heid @ 5 LIS 96 Ulstrape S8 ata the ‘future. a strengthening tendency || ANCES on Savings Accounts. tection of income and principal; irregular. Foreign dollar credits were [ Belglum 6%s. Union Pae 4348 61 { - depouit andicarned 1o DAY of =g R American. ' descriptions, . particularly 10615 1064 106t ) e8u 99 5 PARIS BOURSE PRICES. withdrawal. Edries e ; old export has resulted in a decline in | Bolivia 7s et firm on the Bourse today. Three per ||| Resources Over $20,000,000. come partners in & great industrial ‘enter- Atchison general s, | Brazil 6148 1326. ; Vertientes Sug 1 5 s 3 Exchan, 123 1 ; " e ot 35| = GOLDEN DONALDSON. President . _in its future growth. sinking fund 4'ss, St Louis-San Pran- 97 95% 9% | West Elec : P — —And back of all three types of securities » Bpecial Dispatch to The Star. Argentine 6s Oct 69 48 924 | gynetatr o1 6 Sou Ry Mo & O ¢s. 4 strong margins by the more substantial " ivid and i NEW YORK, December 18.—After | Argentine May 9 iciat: Of Py companies. Well protected issues of through theyears. Thedividendsand interest ves! ve reached levels at| Argen 3 E k w24 | Sinela N i | Tex . A . g = g they s B Pine in : 1003 | anxious to &void exposure to losses in The Commercial || treasured reminders of the giver. You have ‘A resu ng came into the bon 3 Skelly ONl % Third Ave ref | oot : v market today and the list made head- 9 sy 92 8 Sioutn Bell Tel Third Aveads 6 o LResuming thels leading position. a3 National Bank these choices in Cities Service securities:— This movement was most strongly | Austria 78 31, 103 103 . 314 | Tol Tr L&P 6 %830 probabiiity that oull loans will not at- || pays interest on DAILY BAL- Bonds, for those who want the utmost pro- E-da hc?l‘l:m ummu, tndu‘::rms and Bt‘nh of Chile 6% ‘::‘; 100 Union Pac 1st with, eventually, an upward movement the mi neous domestic issues were | Belgiu: 5 " 3 3 0! b 102 106 y Tt 4 in preferred stock prices k foreseen.” {nterest: starts from /DAY "ot ) Preferred stock, for those who want a higher weak with wide losses shown in South 108% 108% 5 Virginia Ry 1at b5 ’ return from those of the Argentine, Where the clos- sk . S 5F e vienraion othide ta Erevat ! Meighe PARIS, December 18 () —Prices were || . Come in and let us explain Common stock for those who wish to be- rgentine exchange. Bolivia 88 9 - . 9 1 cent rentes, 80 francs 15 centimes. Five The . .made _itsel ide in | Bord 6 2 2% | Utilities Powr A iy : P Beciais ks " buying ma If evident in| Bordeaux 2 ties Powr 5348 per cent loan, 106 francs S0 centimes. 14th & G Streets prise, participating in its profits and sharing & Ohio first 4s, New_ York | Brastl 614s 1927 5% 75 75% | Walworth H g . Central debenture 4s, Southern Pacific s War Quink Wis Cent g 4 45... gisco “A" ds. Uplon Pacific st 4s | Bremen Sta L Westn Unlon 62 1 ineraan = anadian Pacific debenture 45, YOungs- | canada 6 1931 estn Union 63%s. | I . ¢ . 2 town Sheet & Tube S, Standard Ofl| Canaas ia 1953 ‘ White Easle O §% . Markets at a Glance Real Estate Investments irst Mortgage are the resourcesof the Cities Service organ- of Rew Jatsey ‘56 and Duquesne Light ; Wick Spen 28u ‘ ization—with more than one hundred sub- t;‘,a|ll| m‘nde d’ennl‘a ;ecoverlu from 3 9 Wilton & Co 18t N YORK, ber 18 (P) I J B Y P R lid‘ " d‘l f e low prices of yesterday. o 1007 ° : NEW , December —IIl JAMI ENNEBAKE! I i iary- companies, with assets of over a - Win R tAr 7 5 101% . | i a Among the junior rails Missouri, Kan- | T 181 Stocks irregular; General Electric ral- x oans billion dollars and with more than 600,000 sas & Texas 4is were up a point, lies 10 points. Bonds firm; United Western Maryland 4s up one-half, Seal RAILROAD. Db vl feaie” CRN ren Nat. 5291 1snx§:. N.W. for, 3, 5, and 10 year security-holders: sl g vt | ~ HENRY L. DOHERTY & COMPANY board adjustments up 1, Seaboard 6s up f ene-hait and advances of fractions were ALkl S 3 3 ular; Cities - Service under pressure. | = - - As&SF evt 48 Foreign exchanges easy: Latin Amer- o Atch deb 4% 43 les rally slightly. Col apartments and busi- s 4 Civden ek 113 ican currencies rally slightly. tton We Buy and Sell Southern Building (& Washington, D. C. . R e made by Chicago & Eastern Iilinojs 58, Erle general lien 4s, Erie Refunding higher; firm cables and trade buying. Sugar jower: easler spot markets. = Gof- ALL ISSUES neess property in Washington, near| Lot CLIP AND MAIL THE L L o Lo TSRO & Improvement 5s, International Great | Dantsh Munte 8= A, Northern adjustments, New Hayen 44s | Danish Munic 8s B. fee easy; European selling. Bank and Insurance Co.'s CHICAGO, Detember 18 () —Wheat e Maryland and Virgini o easy: lower Northwest markets. _Corn Holatn LS aryland and Virginia AN and Wabash 4'4s. Missouri-Pacific | Denmark 41 Steady; smaller receipts. Cattle steady, S."W. Strans & Co. Randall H. Hagner & {| - HEHEY L BCHERET bonds were weak. Denmark 61 Except for the activity in South | Denmark &: X American issues, the foreign list has 8 | DET 53s Mch 53, e et e Jom prices Jor. hg | Dutch Eaxt 148 47. Teached new low prices =168 47, 5 year in some cases. The 6 per cents of | Dutch East I Hogs higber. : Mehlman & Co: Company, Inc; g .mmm * o oul . Building, P FARM CROP VALUATION. Woodward Bldg. ' Dist. 8848 1321 Conn. Ave. N.W. i 0 DG s | Address By the Associated Press. = e e Decatur 3600 e foll informecion o uding. Feuit andl commercial R || | pre Lo : crops, including fruit and commerc ortgage Loaw Correspondent 0 2 truck crops, was valued today by the Nl RPRIS lAl * tion behind them. Bush Term con b Department’ of Agriculture at $8.580,- ENTE E SER New York Life Insurance Ceo. tember, 1960, dropped 112 points, the | Finland 53, :apw cents of June, 1l§n. lost 1% | Finland 7s. Can Nat 4348 54. | §28000. compared with 38495788000 | ~ BUILDING ASSOCIATION 7th St. & La. Ave. N.W. ints and the 5!, per cents were off Boer'3 polnts, all at hew lows, Provin- —_— Expansion Program. 63rd Issue vt Stock New Opes NEW YORK, December 18 (#).—The for Subscription ¢ial loans of Argentine were also down. 1930 expansion of the Asso- o empendiire Shares of Stock, $1.00 Each um- Ben-SunaRoRumtum wuBsnlBlannam—saniStensnsBoa Name s Jower in active trading. Brazilian, Pe- | German EI P63 ruvian, Bolivian, Colombiari issues and [ German 7s... loans of-the coffee States were included. The serious exchange situation in the Argentine has had the most pronounced effect on Argentine government bonds of any incident in several years. The 6 per cent issues have always enjoyed & good market and have held close t0 | Japanese 4s. their call price of par, with the expecta- | Japanese 6 that as soon as money conditions | Karstadt 6s favored they would be refunded on & | Kreuger&T. lower coupon basis. Argentine -credit has been regarded as the strongest in South America up to the present time./ Many institutions have held - the 1’ mcem obligations as a form of. shor investment. Argentine muriici- pals and provincial bends have also ranked above those of other South |! American credits of similér character, The last Government issue was that of February 1, 1928, when $20,000,000 of :!\‘-t "'e.re sold. There are nlnel dif- ren per cent government loans aggregating $270,000,000. In- addition | OTent dov E%s there are about 15 munieipal and pro- | Parix Orleans 534 Cht una?&:e 3 115803 T er oont of 3. total of $115,000,000 : it v '8 SPLENDID REASONS Hiow Olinianhils: Vhisough: i OB ¢ $ (J ce O " 'S Other South American_issues went | German Rank ciated Oil Co. cai " of about $20,000,000, William F. e o | of sbout s30 00000, Wil Payable Monthly L : GentFac .. s o oo Sames £ Connelly - Jamen . Shea irst Mort e Ches & O Corpn §s. * Turkey plans to'spénd nearly $50,000,- President Seeretary v £y b - - in new irrigation’ projects. ¥ Gy X 5 gz B T T — Real Estate Notes Paying Six Per Cent PR R e CHICAGO DAIRY MARKET. 3; firsts, 33a3412; seconds, 31138 103% 103% :x'n- Rrets, 50853 u?%'n"&z Py 1oy o8 . ‘“fi"fi i K S N W Ky ; graded firsts, HE 10815 10815 g 5 1435 g 3 ordinary firsts, 38a43: refrigerator ex- o 9 treet W, - 3 e | . 94 Cht Unlon Sta ¥ Reasonable Terms 2 y 94 94 284 k 4,SHICAGO, December 18 P)—Butter » i Sl C’h“lllt, 1 085 : : Loans for Fifteen Years S, & er; eipts, 7, ; cre: z ' 4 " x 2 & 2 R extras, 31’3:plundlrdu, 37; extra ry, ;?“ :?y' - 3 ] 3 ok Low Interest Rates ;i Sh ann On @ LuCh s Q- In C . tras, 38; refrigerator firsts, 37, ——ge Chi Union Washington Stock Exchange | mio ae 3 . « ) " 104 ks, 3 In Denominations of $100 Us SALES. . Clev Term s Coml. Natl. Bk.—10 at 255. Clev Term 5%s». Coml, Natl. Co. pfd.—10 at 101%. 88 8y S.“.::;:",“:,'_"': EAVER BRO 4 i : w RTXL%WS S The character of this form Mergenthaler Linotype—5 at 107, s 97 97 | Guba Nor 51es sters Fed-Am. Natl. Bk—10 at 295. Sao Paulo 1980. ... 2% 92% % 3 S AFTFR CALL. Sazon (PW) % Siw oty ey b of Investment is of the same Pot. Elec. 5%4% pld—1 at 104%, 2 at|Seineda i o o.- o o 178, | DRio G West # 809 15th St. NW. District 9486 caliber as has typified our 104%. Serbs Crot Slo 3 §8 58 |DRG& Watss Mortgage Loan Correspondent . _ institution right here in Wash. Gas 65 A—$100 at 101%. 4 Duluth S S & At 5i o S %853 001 91 Pot. Elec. 6% pfd.—2 at 110, 1014 10i% | Erie Gen 4 Metropolitan Life Insurance Company . Washington with you since 1,0 t Pofbs.!;e':c $08. Go%at 108, SETIOnIRS . 1041 105 | Erfo conv 48 B ‘Wash. Gas 55—$500 at 100. I“|;§l 102 | Ertecv 68 67 Riges Natl. Bk—8 at §30. o34 104 . Tract. 55—$1,000 at 92%. i . 108% 1084 , . Elec, cons. 55—$1.000 at 100, 99% 100 | Erle (Pa) clttr 4 Geo. Gas 55—§500 at: 99. . 100 199, | Fin EastC s 14, Col. Sand & Gravel pfd—10 at 88, 10 | 5,0 & 051 'oais | Fonda J&G 43%s 53, t 88. % 984 a 96 = 96y | Gr Trunk st db Bid and Asked Prices. M & BONDS. 5 6% 954 4 PUBLIC UTILITY. MISCELLANEOUS. AbramaStraus 6%s 76 100'% 100% 1004 Tel & . 4%a8 3. Amer T & Teley 40 R 60 60 60 Am. Tel. & Tel. cg ‘er s i . s 100% 99% 99% 1004 100 1004 | Hud&Man ref bu. .. 95 94% 941 | Tl Cent ref.q; 1031 103 103k [ 111 Cent 4% s 37 771 | 111 Cent Chi 43 u. i i BASIC Advantageous Exchanges ' ‘ In Your Investment List S BB ~"hn vave=3 s 103 103 Elec 3 2! ‘18 T 107 107% g R . 100% 101 .. 0 90 & Rose, Inc.. 8%s Iowa Cent 1st 5, Investments Armour Del 6%s... £3 88 |KanCity s AU GulfEs69..... 73% 73% | Kansas Cit: Befl Tel Pa 68 B. 104% 1044 [ KanCity Ft 8 1081 104w ! Kan City Term ¢ STOCKS. 1014 1014 Lake Shore 4s 31 PUBLIC UTILITY. :0"5,: :gz» see B s 108% 104 60 60 3 00 :I% 94% Elec. 5727 pid.. . 9% 100 ’”’"v’.""fiu"slz‘ ke com b : 8 Bdh ec. ‘5 % weR B S Ame oRo o § 3 ein o et o iR Bk : Mil EI Ry & L ba §1 o inmonmue G 9% |MilEIRya&Lsae1 Solumbh oo T 102 102% | MInn & StL ref ¢ go“v;lllflerclll Nation lg'l lg: n«:‘-; Américan D i T 108% 102t 102% uquesne 4348 67.. 12 9 ational Metropoiftan .1 1"} B D s Tis Hipil IR . | Fisk Rub 8 B B4 National Bank of Washing Sen Cable 6%s 41 99U 99% 2o A0 - WE never concurred in the view that time-honored standards for measuring in- vestment values had outworn E sweeping changes that. have tak- en place in the character of the market during the past' two ‘months : make it highly advisable for all security their usefulness. i y S owners to review their holdings. ; Sound stocks have their ‘' .- Vg ; i o ; " s ks ’ 3 We believe an unusual opportunity, ex- : B g ace in an investment plan : ‘ ! i : ! a Amoien m}x{r&cfi'fi‘g a LU e e T P P ; : e ~ ists at-the present time to profitably 1 s 100% 100% s 9% 99 —but only when bought at = | exchan_ge‘ lowgrade ‘bonds for sound, Vashingion Loan & Trsi 101 1014 Mont Term ret ba ¢ ! prices based on real values. seasoned,’ listed stocks, at or near pre- SAVINGS BANK. 3% 1084 103% | Nassau £1 40 ili i o puiogts, vailing prices, and that such exchanges, Members over a period of time, will be greatly seventi Sire vocated the.purchase of good NEW YORK AND { to the advantage of investors. ashington Mechanic 60" % 8 FIRE INSURANCE. Kan City P& L ic i o BALTIMORE A s y bonds as the ?l!lc invest: STOCK EXnClH ANGES » oo Bane-SnEadara swoan~ We 'have consistently ad- mac .. Becurity Bavings & Commerci nth_Street =§538uke Lacle Lattare Nitrate 66 o ‘ ment and are continuing to AisciaieMenibes We will be glad to make suggestions Loew 7 10214 10284 HaHart 4%a i e NEW YORK CURB which would in our judgment improve ErH Loew's H&Hart clt 68 Real Estate 3 s.... | Lortllard 2 ¥ ot Title & Inv. of Md. com. 3 . . * & scELLANEODS. 1084 108% R EXCHANGE your investment position. rber & Ross. Inc.. com. . ) 20 Lou Gas & ) b8 63. 101% 102 1 . " BaoiE Cravel pid Manati Sugar 1% 611 61% n e R | Y SusAW pmercial Natl Co 'id 11! o 41 | MeCormek ER ¢34 100w 1004 Noi s " 1 e 5 ; TR R TR R : : Mackubin, Goodrich & Co. ston_ Mono N&tDalry %0 3 )¢ ton Monaty! t Dalry §% l:m 20 e ) g by ESTABLISHED 1899 erchants’ Tr:::. /4 =‘“ i63% ons 106" 106 { INVESTMENT BANKERS. BANKERS FSchthaler Linotype. ; 106 105 09 : o o . L. 48 108 106 !;:no":lo‘n‘n’.uu 96% 96% 96w : . et 1508 H STREET 111 EAST REDWOOD STREET Wash: Meaical Bide Gorp [0 108, * 11 .110% 111 {Peoria & Einc 64 354, 384 WASHINGTON OFFICE WASHINGTON, D. C. BALTIMORE, MD. Woodward & Lothrop bfd..... sl i m&m 99% 99% | Pers Marg 1 o m'::‘mn. A . ' : 5 OB dividend. g 101 101 VPertEIPL 9T TG 974 ; 501 National Metropolitan Bank Bldg. Nor Ohlo TakL 6s. 8% 9813 9815 Reading men 4 2 9T 8Ty 97y Nor States Pow 68.. 12 1024 102 102 ReadingJC L1 ”n o . r. pid. SasEEe | 55ESEE