Evening Star Newspaper, January 6, 1930, Page 14

FINANCIAL BONDLISTGAINS | N NARROW RANGE [Foreiga Group Shows Great THE EVENING STAR, WASHINGTON, D. C, MONDAY, JANUARY 6, 1930. [ov e vorx BONDS srocs excasnce] —_— Recelved by Private Wire Direct to The Star Office UNITED STATES. (Bales are tn $1.000.) Sales. High Lib3%s..... Lib 1st4%s. Lib4th 41 .. US3%s 43.. 41 164 Low. 3:18. igh. 9916 9912 9916 36 100 30 10026 100 30 1019 1 9917 9917 9917 1019 1017 Low. 3:15. 92% 93 96% 961 997 100 99% 99% 101 1014 9 Sales. High. | Rem Rnasw war. 5 o3 | Richfield Ol 65 44. . | Sinclair Oil 6s. 1 Sinclair Oil 63%s. .. Sinclair Oil 7s. Sinclair Crude 5% US3%s 47.. 2 9923 9917 9923 10712 |MARYLAND TOBACCO PRICES. What Fixes Bond Prices BY GEORGE T. HUGHES. Income Bonds. One more illustration will serve to close the discission of the advantages and disadvantages of income or ad- |3 i ‘The Maryland I BALTIMORE, January 6 (S| al).— leaf tobacco market will reopen this week after being closed since December 23, there having been no receipts or deliveries since that date. According to a report issued today there are 7,412 hogsheads of Maryland leaf in State tobacco warehouses and 235 hogsheads of ground leaves. The mar- ket in the meanwhile continues nomi- nal at the tollowing quotations per 100 pounds: Inferior, 7.00a12.00; sound fine red; 41.00a5! seconds, common to good common, 7.20: medium, 21.00230.00; good to fine. 31.00 240.00; upper country burley, nominal; ground leaves, 6.00a24.00. fancy, PARIS BOURSE PRICES. PARIS, January 6 (#).—Prices were firm on the Bourse today. Three per cent rentes, 84 francs 70 centimes. Five per cent loan, 107 francs 80 centimes. Exchange on London, 123 francs 9115 centimes. The dollar was quoted at 25 FINAKNCIAZ, Columbia Building Association Pays 5% 20 Years' Successful Business Without the Loss of a Dime Compounded Semi-Annually good common, 00; good francs 421 centimes. by ——o— 47 10712 1078 11 1115 1112 FOREIGN. Sales. High Argentine 6sJu59. 5 96% Argentine 6s Oct 59 15 Argentine May 61. . Argentine 5%s 62 Argentine 65 A Argentine 6s B. US4s1044.. US4%62... : est Strength—U. S. Loans H Are Higher. justment bonds, so called. For this purpose we may take the 5 per cent adjustment issue of the new St. Paul Railroad Co. These bonds were issued | under the reorganization in 1925 and distributed to depositors of securities of the old company, the property of ! which was sold at_foreclosure. As is| always the case with a bond of this | type, interest is payable only when | earned, but the full amount is now be- ing distributed, and the outlook is that it will continue to be distributed. i Beginning January 1, 1930, interest | on these bonds is cumulative; that is to say, if it is not earned and paid in any one year the unpaid amount must be paid in the first subsequent year when income is adequate. In that re- spect a cumulative adjustment bond is similar to a cumulative preferred stock. In rating the St. Paul adjustments the first point is, of course, the earn- ings. The bond.ip mortgaged secured, but the maturity’ date, January 1, 2000, is so far distant as to be of no practical importance. If the St. Paul continues to eatn a margin over its fixed charges and over the requirements of the ad- | justment bonds the investor can have confidence. His assurance will be in- creased if and when dividends are in- augurated on the preferred stock, which is junior to the adjustment bonds. Probably that development is some time away, but meanwhile the market price of the preferred stock is a measure of the progress the road is making—not an exact one nor always to be im- plicitly relied upon, but helpful never- the less. H Comparison of Return. It will be years before St. Paul ad- justments attain the status of Atchison | adjustments, if they ever do so, but for | taking the risk, whatever it is, the buyer at present prices is compensated | by an income return nearly 21z per cent above that to be had on the Atchi- son issue. RECEIVERSHIP ASKED. | BALTIMORE, January 6 (Special).— A bill of complaint has been filed in the Circuit Court by S. Clayton Baker ask- ing that a receiver be appointed for the assets of the DeLion Tire & Rubber Corporation, which is owned and con- trolled by Washington capitalists. The complainant claims that he is a | creditor of the defendant in the sum of | $810, and alleges that it is unable to pay its debts in the usual course of | business. Judge Duke Bond signed an order re- quiring the defendant to show cause by | January 15 why a receiver should not be appointed. 115 $1 or More Will Start Your Thrift Account See Us When You Want a Real Estate Loan e Stand OfLN J 46. . . Stand Oil N Y 4%s. Sug Es Orient 7s. . . Tenn ElecPow6s 47 2 105% 105% Tex Corp cv 55 1944 42 101% 101% Transcontl Oil 6%s 1 99 99 United Drug 5s53.. 19 93% U S Rub 1st rf 55 4 . 84% US Rub 7%8. .4... 1 100% Utah Pow & Lt 5s. . Utilities Pow 514s. Vertientes Sug 7s. . Walworth 6s 45.... 25 War Quinland 6s '39 19 Warner Sug 7s 41.. Western Elec 5s. Westn Union 58 51. Westn Union 6 White Sew Mach Wick-Spen cv 7s Wilson & Co 1st 6s. Willys-Ov 615 33.. 4 Win Repeat Ar 738 101 101 Youngstn S& T 101 101 101% RAILROAD. Atchison adj4s.... 6 92 Atchison gen 4s. 7 93% 9314 Atch deb 4165 43... 37 129% 1 29% Atl & Dan 2d 4s 4 2 55 55 66 Atlantic C L Ist 4s! 931 Bang & Aroos 4s51. 3 84 B& O Gold 4s. 8 92% B&Ocv ks .7 8% % B&OTLES. .. 8102 101% 101% B&O05s2000D.... 6102 101% 102 B&Ortimp 6s 10 109% 108% 108% B&OSW 5850 7 103 102% 103 Boston & Maine 5: 98Y% Brdway & Tth Av 6s Bklyn Elev. 632s... Bklyn Manhat 6s BKlyn Un El 55 sta. Buff R & Pitts 4 961% 967 Low. 3:15. 2 46 46 961 96% 961y 9614 91 96% 95% H BY F. H. RICHARDSON. ‘Spttlnl Dispatch to The Star. NEW YORK, January 6.—After a! strong opening, bonds eased off today, losing most of the earlier gains, but | ill making small net advances. The | more pronounced movements were in the foreign list. Money was easier than at the end of last week, but dealers predict that it will go still lower this week, and then ascribe a great deal of the present ouietness in the investment market to the fact that many buyers are antici- pating this. New issues are selling rapidly, mostly in over the counter dealings. but this trading is hardly taking care of th> reinvestment funds known to be available to buyers. Volume of trading today was about equal to that in the last sessions of the previous week. ~ Cains were general among the United States Government loans and legal domestic issues. Balti- more & Ohio first 4s, Canadian National 5s, Pennsylvania General 41s, Union Pacific first 4s, Great Northern 7s and St. Paul 5s were higher in the rail list. Convertible descriptions turned quiet and irregular, after opening strongly. Early interest in the second-grade rail list dropped off when the rise was checked. Chicago and Eastern Illinois 5s, Missouri-Pacific 515s, Seaboard Air- line adjustment 5s and Seaboard all Florida “A" 6s improved., There were Tecessions in Chicago and Great West- ern 4s, St. Paul Adjustments, Erie Gen- eral Lien ds and Missouri-Pacific Gen- ¢ral 4s. The balance of the domestic list was listless and virtually unchang- cd. Improved conditions in the sugar industry affected some of the sugar bonds. Manati 7'zs were a point higher. Activity in the foreign department was centered around South American French and German issues. In the South Americans, Sao Paulo State 6s advanced 2 points, while Sao Paulo City 8s lost 21, points. French govern- ment issues were at mew high levels for 1929 and 1930. The 7s toughed 11415 and the 7125 were over 119. Ger- man loans were strong with optimistic news from The Hague and London. The reparations 7s and the German Central Bank 6s_(October. 1960) were active. Hungary 715s lost 2 points. FIREMEN’S INSURANC DIRECTORS RENAME Stockholders of Washington and Georgetown Organization Hold ~ Meeting Today. The Silver Lining The adjustment of the stock market contains a “Silver Lining”—the huge credit resources of the Nation, ab- sorbed in the financing of speculative securities, are turning back to normal channels of industry. Building con- struction projects, needed in progres- sive American cities, like Washing- ton, which were delayed in 1929, are being completed now with the nor- malization of credit. (Under Government Supervision) 2 o e 716 11th St. N.W. 8 102% 102% 102% 95 95 961 97 30 101% 101% 101% 20 106 106% 105% 13 110% 110 110 21 107% 107% 107% 19 115% 115 115 6 109% 109% 109% 8 77 T6% T6% 6 94 92% 94 2 1021 102% 102% Brazil 6%s1926... 20 T5% T4% Brazil 6335 1927 1 % % Brazil 7 9 86% Brazil 8s 18 97% Bremen Si ST 98% Canada 551931..... 1 100% 1004 100% Canada 55 1952. 19 108% 103% 103% Chile 65 60. . 891 89% Chile 6s 61 . 891 90 Chile 75 1943 . 9915 99% Colombia 6s Jan 61. 0% F0% Con Pow Japan 7s.. 981 984 Copenhagen 6s ct. 98 9714 98 Cuba 5%s. . 4 100% 100% 100% Czecho 85 1952..... 2 109% 109% 109% Danish Munic 8s A. 1 110% 110% 110% Denmark 4%s..... 38 91% 904 914 Denmark 535 55... 2 100% 1001 100% Denmark 6s. . 7 104 104% 104% Dutch East16s62. 3 101% 101% 101% FlSalvador 8s 48.. 2 105% 105% 105% Fiat7s war 46..... 1106 106 106 Fiat 7s ex war 46. 90 Finland 5%s . 86 Finland 7s... .. 9 99 99% Framerican 745 2104 104 10 French 7s. .. 89 114% 112% 112% French 73%s. 101 119% 118% 118% German Bank 6s°3. 20 86% 85% 86% German EIP 6%s. 1 92 92 = 92 German 7s. . .12 107 106% 107 Ger Gen Elec 7s. 2 100% 100% 100% Greek 65 1963. 11 82% 81N 824 Haiti6s. ... vee 1 9T% 9T% 9T% Holland-Amer 6s 4 92% 4 92! Hungary 7%s. 1 100% 1007 10 Italy 7s. 12 95% 95% O Italian 2 ATHOR . 8B o Japanese 4s. V26 95 94% . 04% . 24 102% 102 102 Karstadt 6s 19 11 704 TO% 0% Kreuger&To'l 5sct. 61 93% 931 63% Lyons6s.... 3 102% 102'% 102% Mexico 4s 10 asnt.. 20 11% 11% 11% Milan 6%s. 3 Montevids New So Wales New So Wales 58. Nord 6%s... Norway 5s 1963. Notway 5%s. . Norway 6s 1944. Norway 6% 1952 Orient dev 5% 58. Paris Orleans 5%s. Paris-Ly-Med §s Paris-Ly-Med 7s Peru 6s 1960. Peru 65 1961. Australia 55 1957. . Austria 7s.. ’ Bank of Chile § Bank of Chile 6% Belgium 6s Belgium 6%s. Belgium 7s 1955 Belgium 75 1956 Belglum 7%s. .. Belgium 8s. Bolivia 7s ct 69. Bolivia §s. Bordeausx 65 103% 103% 103% 2103 103 103 6 109% 109' 109% 74 T4 25 26 100% 101 9% 99% For Greater Satisfaction 39 91 931 91 Above all, the American people have learned a lesson—to get to work— and to place their savings in secur- ities such as the safe and profitable First Mortgage Notes, always worth 100 cents for the dollar invested. 5 93% HOUSANDS of Home Buy- ers have been satisfied with the Real Estate Loan Plan of the Metropolitan Life Insurance .Company. For more than sixty years Swartzell, Rheem & Hensey Company, the old- est Mortgage Banking House in Washington, has brought security and assured incomes to its investing clientele, through war and panic, through prosperity and depression. That is why thousands of investors have chosen the First Mortgage Notes we offer, in denominations from $100 and upwards as the safest place for their savings to earn an assured 6 per cent return. 88 9414 o You will, too! 94% 9 94u 91 94 3 1013 100% 101% 4 118% 113% 113% 20 111% 111 111 Long Term—Low Interest Rates Can Nor 7s. Can Pac deb 4 Can Pac 46 4 Can Pacific ctfs & Car Clinch & O 5s.. 1 100% 100% Cent Pac 4s. 1924 92 Cent Pac 1st 55 90.. 1 102! 102 Ches & O Corpn 5s. 36 98l 98 Ches & O 474593 A. 95 94% Ches & Ocv 4%s. .. 99% 997w Ches & O gen 43%s. . 98 9Tn 9TM Chi B&Q gen 45 53. 91% 91 9% CB&Q4%sTTB 98% 98% @8% CB&Qistref 5s.. 105% 105% Chi&E Ill gn 58 51. 74 Chi Gt West 4859, Chi Ind&L ref 5s. . . Chi MilSP&Pac5s75 CMSP&Pac adj5s03 Chi&NW conv 4%s. Chi & NW 6%s. Ch?& N W 7s. ChiRI&Pegn ChiRI&Prf4s... ChiRT&P 434s. ChiUn Sta 4%s.... Chi Union Sta 5s 44 C&WI5%862.... Clev Term 5%s Consule WEERB RS . 809 15th St. N.W. District 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company 1 100% 92% 102" 98 941 SWARTZELL, RHEEM & HENSEY Co. MORTGAGE BANKERS 727 15 STREET N. W, WASHINGTON D.C, / 1 101% 101% 101% 13 93% 93 934 72 73 2% 2% 21 100% 100 100 15 108 107% 108 5 101% 101% 101% 2 88% 881 88 47 95% 95% 3 93% 93% 93% 3 991 991 99% 11 102% 102% 102 4 104% 104% 104% 3 106% 106% 106% Conn Ry&L 4l;ssta 8 95 95 95 Cuba RR 68 1781 381 8k Cuba RR6s1936cf 5 90% 90% 90% Cuba Nor5%scts.. 6 634 62% 62 Del & Hudlstrf4s. 3 934 931 93% Del & Hud 7s30.... 6 100% 1001 100% Den& RioGends.. 1 931 93k 934 DRG & Wst5s55.. 12 94 Det United 4%2s.... 4 98 Erie 1st cons 4s 4 87 Erie Gen 4s 2 81% Friecv5s67...... 27 9T “rie conv Ex 7s.... 1 101% 101% 101% FlaEastC5sT4... 12 51% 50% 50% 9 104% 104% 104% 5 110% 110% 110% 9714 9T% 9T% 2 104% 1 110% 110% 110%| 6413 641y 8% 8% Sales. Sou Ry 6%s....... 2 Tex Ark FS 514850, 2 Texgs & Pacific 1st. 5 Tex & Pac 58 B 1977 3 Tex & Pue 5 C 79.. 11 Third A .e ref 4s 60. Tol Tr L&P 5%s30. Union Pac 1st 4s. Union Pac 4s 68 Un Pac 1strf4s.... Union Pac 4345 67.. Ulstr&Del 6s 28 sta. Virginia Ry 1st 5s.. VyRy &Pbs. .. Va Southwn con 5s. Whash 4%s 78 rets 1 Wabash 1st 55 Whash 5s 76 B. West Maryland 4s. vest Md 5148 77. West Pacific 5 West Shore 45 61. Wis Cent gn 4s 49 6%:%= | Secured by . Low. 3:15. 12215 123 ¢ 1041 104% 107 107 100% 101 100% 100% 4613 4 102% 102% 102% 7 9Tk 9T% 9Th% 4101 100% 101 3103 103 103 2 1@2% 102% 102% 13 88% 884 88Y% 7100 97% 100 21 102% 102 102 1 105% 105 105% 0% T0% 1% TRUSTEES WINTHROP W. ALDRICH President ELLIOTT AVERETT New York At a meeting of the stockholders of the Firemen’s Insurance Co. of Wash- ington and Georgetown, held today, for the election of 13 directors to serve for the ensuing yesr, the following were re- elected: - Edward C. Baltz, Bruce E. Clark, Millard T. Dixon, Parke A. Galleher, ‘William M. Hoffman, J. Logan Hopkins, Albert W. Howard, Charles H. Kindle, John H. Snyder, Schuyler S. Symons, loyd P. Waggaman, Albert W. Walker and James M. Woodward. b R Heads Board Again. CHICAGO, Januery 6 (#).—John A. Bunnell, three times president of the Chicago Board of Trade, again was elscted io that office today without op- position. He succeeds Samuel P. Arnot, who had been president for two years. EDWARD J. BARBER - President, Barber Steamship Lines HOWARD BAYNE iew York THE EQUITABLE TRUST COMPANY OF NEW YORK 95 9 102% 103 108 108 3 100% 100% 100% 6 72% J2% 2% Prague 73 Queensland 7s. Rhine Wst EP 75 50 Rio de Janeiro 6%s Rio Gr do Sul 6s 20 66 Y% 66 RioGr DoSul8s... 7 94% 921 944 Rome 61s. 10 89% 88% Sao Paulo 6 99 99 Sao Paulo 1850 24 93% 9% Seine 7s 42.. 1 1073% 107% Serbs Cr Slov 6 T6% 6% Shineyetsu 615 1 86% 86% Soissons 6s. 8102 102 Sweden 5%s. 2106 106 Swiss 5345 1946. 1 104% 104% 104'% Swiss Confed 8s. 11 108% 108% 108% Toho El Pow 7s. 2 98% 98% 98% Toklo 5s. ... 1 5% T5% 5% Tokio 535 1961. 3 89% 89 89 Utd Kingm 5%s 37. 102% 102% Uruguay 6s 1960 Uruguay 8s...... 87 HUGH BLAIR-SMITH Treeasurer, American Telephone and Telegraph Company HENRY S. BOWERS of Goldman, Sachs & Ce. H. D. CAMPBELL Vice-President WALTER S. CARPENTER, JR. Vice-President, E. 1. duPont deNemours & Company HAROLD BENJAMIN CLARK of White, Weid & Co. e e ;I merg;r of Tr;n%qunuu Trust ComPANY OF | Hud & Man aj 5 EW s o s ork and THE SeaBoARD NATIONAL Bank 111 Cent 4% s 66 .- 6 9 988 98% 111 Cent Chi 435 7T 9T% 0T 9T 111-C-C-StL&NO 6 103% 103 103 Int Rapid Trans 6s. 19 621 61% 61% Int Rap Tr 5sstpd. 14 62 61% 61% Int & G Nor 1st 6 104 Int Rapid Trans g‘ Int & G Nor adj 6 &l Int Rys C A 5s. » k3 Int Rys C A 6%srct e | Kan City S 3s. T5% T6% Kan City Ter 891 189% Kansas City S §s 99% 100 99% 99 | Lake Shore 4s31... LehiVgen 43 2003. % 9815 983 | Lehigh Valley 55 20 106 106 | Long Is rf 45 ¢ 8T 8Th Long 1s deb 58 34. . 9 9% Louis % Nashuni 42 3 9. 95% . 17 100% 100% 100% | 5 17 1 Condition at Close of Business, December 31, 1929 (including Foreign Offices) Washington Stock Exchange SALES. ‘Washington Gas 55—$500 at 100, $1,000 at 9935, Nazlégnnl Capital Bank—5 at 250, 2 at Federal-Americar: National Bank—10 at 293, 10 at 292. National Mige. & Inv. pfd.—50 at 412. Peoples Drug Stores pfd.—10 at 103%z. AFTER CALL. National Savings & Trust Co—10 at 515. Potomac Electric 5!2% pfd.—5 at 10! ‘Washington Gas 6s B—$200 at 102. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga. 4125 33 Amer. Tel. & Telga 42s '39.. Am. Tel & Tel, ctl. tr. 5s. Anacostia & Pot. R. R. 5 nacostis & Pot. guar. 5s. C. & P. Tel of Va. 55 . Capital Traction R, R. 55. City & Suburban $s. First Mortgages Safe—Conservative 41 Years’ Experience financing J. S, COFFIN Chairman, Franklin Railway Supply Company Make your savings and surplus funds work for you at the highest inter- est rate consistent with absolute safety. Wm. H. Samders Co., Inc. REALTORS. Dist. 1016 1 106% 106% 106% Vienna 6s 52. 5 84 83% 83k Yokohama 6s. 4 96% 96 96% MISCELLANEOUS. Alleghany Cp 5s 44. 28 100% 100% 100% Alleghany 55 49.... 5 100% 100 100 Am AgriChem 73s 6 103% 103% 103% | Am Beet Sugar6s3! 2 76 76 76 Am Chain 6s 33. 1 97T% 9TH 9T% AmIntCor5%s49 18 95% 94% 94% AmChem 5%scv 49 9 103 102% 102% AmSmit& R 1st5s 10 101 100% 100% Am Sugar Ref 6s... 9 104% 103% 103% Am T&T cv 4%5 39 327 141% 139% 139% AmT&Teltrb 12 104 103 104 AmT&Ts15s. 7 104 103% 104 Am Tel & Tel 5%.. 8 107% 107 107 Am Water Wks 5s.. 10 100 100 100 Am WrtgPap6s47. 5 69 69 69 Armour&Co 4%s39 5 89% 89 89 Armour Del 53s... 6 83% 82% 82% Atl Gulf 55 59 LT 4% TAW Tdw Atlantic Refin 5s... 4 101 100 100 Bell Tel Pa 55 B.... 5 105% 105% 105% Bethlehm Stlpm 58 6 100% 100 100 Bethlenem Steel 65. 11 105 1047 105 Bilyn Edison 55... 4 105 1041 104% Bush Term Bldg 5. 1 100% 100% 100% ‘Certn-Td 5%srcts. 2 55 55 55 Chile Copper 6s. ... 22 95% 95% 95% Col G&El 58 May 63 20 100% 100 100% Gom Invest6%s49. 3 86 85% 854 Com Invest 65°48.. 5 93% 934 934 GonCoal Ma5s.... 8 61% 6li 614 Con Gas N ¥ 5%s.. 10 105% 105% 105% Gonsumers Pow 5s. 2 102% 102% 102% Cuban Am Sugar8s 1 99% 991 99% Det Edison 68 5 106% 106% 106% Dodge 6s. S8 921 92% Duquesne 19 99% 99% 99% Bast Cuba Sug 7%s 5 69% 69% 69% : 2% 28 |FiskRubss T4 5% 5% 5% Potomac Elec. 1d e 12 100 99% 100 Fotomac Elec, 827" B D308 10e 33 101% 101% 1014 Wan- Bay- & 3 106% 105 105 Weih, Balto. & Atnap. coi .46 92 91 92 Wash, Balto. & Annap. pfd e 15 100% 100% 10 NATIONAL BANK. National Capital 2 101% 101% 101% 3 105% 05% 2 ” ASSETS Cash on Hand and in Banks Exchanges for Clearing House Due from Foreign Banks . . Bonds and Mortgages . o . Public Securities . . . . . Other Stocks and Bonds . . Demand Loans . . . « 183,755,792.37 TimeLoans . « ¢« ¢ o o o « . 179,632,929.08 Bills Discounted . . « « « « « . 190,084,750.82 Customers’ Liability on Acceptances (Less Anticipations) . . « RAPEMAE . . oo o & oi@a o Accrued Interest Receivable . . « & Other Assets . nfl.fis\&.‘cooxs $ 98,420,999.55 148,532,580.69 9,332,291.89 6,753,810.00 38,076,160.20 39,504,383.91 HENRY E. COOPER Vice-President curities. EDWARD J. CORNISH President, National Lead Company FREDERIC R. COUDERT of Coudert Brothers, Lawyers CLARKSON COWL of James A. Hearn & Son, Inc. & Wood, Lawyers BERTRAM CUTLER John D. Rockefeller THOMAS M. DEBEVOISE Lawyer FRANKLIN D'OLIER | Vice-President, Prudential Insurance Company of America CHARLES G. DU BOIS iew York Louis & Nash 7s Man Ry 1st 45 90. Market St 75 40.... Mil El Ry & L 55 61 Minn & StLref 4s.,. M St P&SSM cn 4s. M St P&SSM 5%s. . M St P & SSM 6%s. MK&T4sB. MK & T adj 58. MEK&T prinbs Mo Pacific gen 4s Mo Pac 5s A 65. Mo Pac 5s F 77. Mo Pac5sG T8. ... Mo Pac 5% 49 cvt. Mob & 0 4%877.... Mont T'rm ret 65 41 1 assau El 48 51 at Ry Mex 43 7 at Ry Mex 4% N O Tex & M6s N O Tex & M 55 B 1433 K First Mortgage Loans for 3, 5 and 10 year periods on houses, apartments and busi- ness property 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. A 2 103% 103'% 103% 18 1015 101% 101% 25 5% 175 75 2 101% 101% 101% 99%, 991 99 T 99% 17 108% 107 6 96% 963 95% 95% 99,011,346.22 15,330,164.39 3,726,552.87 1,809,036.85 $1,013,970,798.84 CHARLES A. FULLE Merchant BENNETT L. GILL Terrell, Texas o o o o o o o'e o LIABILITIES T. M. GIRDLER affiy Otis & Company 3 1023 102% 102% 6 80% 80 80 8 9T 9T% 9ThH 9 99% 99 99% 105% 105% 105 Wash: Cons. Title 8s...... STOCKS. PUBLIC UTILITY. Amer. Tl & Telsa 2b2 JAMES A. GOLDSMITH President, Hess, Goldsmith & Co., Tnc. EDWARD H. R. GREEN President, Texas Midland Railroad A. H. GRISWOLD ice; President, Intern: and Capital® 5. s 6 06 0090 Surplus and Undivided Profits . Reserve for Contingencies . . o Reserve for Taxes, Interest, etc. + . . Deposits . . . . . $625427,575.80 Officers’ Checks . . 139,917,125.62 Acceptances (Less in Portfolio) . . NotesPayable . . . . « « « &« Due to Foreign Offices « « + + Other Liabilities . . $ 50,000,000.00 63,611,004.53 2,835,132.50 4,056,936.13 C&StLdeb is C&SIL5%s B YC&SILESA. . \Y NH&Hdeb 45 57 NH&Hart 4%s. NH&H cv db 6s. NH&Hart clt 63 (Y Ont W st 4s. . NYRy6s.. .. NYRy6sA6 14 N Y State Ry 4%s. . NY StateRy 6% 6 Intl Match 68 12 i 8 v S 4 > Int Mer Mar Nor & 8 gen 55 b fal Bank”'of ‘Washifgion Int Paper o8 47 ‘ 0% | Norfolk & W en 4a. TRUST COMPANY. Inter Paper 6s. : 8 | Nor Pac 3s 2027 i . . Int Tel & Tel 4% 93% | Nor Pac 4s. ... Secun\y‘ & Trust Cb. :;g“ 450 Int Tel&Tel 4145 ¢ + }g::‘:] Not PRcrL 66, : KanCity P & Lt 5s. o Kan G & E6s 52. 2 104% 103 104% | Ore Wash 1st 4 Lackawanna 8ti59. 2 102 102 102 |Penna ¥ = 63. Laclede G 6%s52.. 1 103% 103% 103% Penna gen Gs.. Lautarc Nitrate6s. 2 81 81 81 | Pennbséd. Loow's, In06S..... 2 102% 102 102 |Penna 6%s. Loewséswowar.. 1 91% 91% 91%|PennaGold Security Say B | rornineasin. ... 2 87 > 87 81 [PCC&SUL Seventt ot *..| Lorillard (P) 7s 6 105% 105% 105% Port EIP L S L i | LouGas&Elbsb2. 8101 101 101 Port RL P 68 47. ‘ashington Mechanics’.. | RS ) Manati Sugar 7 70% 70% 70% | Reading gen 4%s erdia T MeCrmick BR e5%4 11 101% 101% 1014 | Redding J C4sb1.. 1 Midvale Steel 5s... 1 100% 100% 100% mo ?x/ \z:t (]s‘. e b 43. 102 102 0 G Westcl 4s... 7 Montana Pow b8 RiTG Westel g, T Mor’s & Co 1st 4% 82 82 Nat Dairy 6%s. 98 9812 | Se1, IM&S gn 68 31. 11 100% Nat Radiator 6%s. 22%. 23 | Sef, IM&S R&G 45, 5 96 N Y Edison 5s 44. 103 103 | StL&SF 4%s 78,107 90% N Y Edison 6%s. .. 13 111% 111% 111% | L& SFpl4sAf. 7 89 NYG&EHPS5s.. 1 104% 104% 104% | ¢ 1, & San Fr in 58. 22 101% N Y Tel 6s41. 2 107% 107% 107% | St L&SW con4s33. 12 98 N Y Tel 65 49. 2 110% 110% 110% | St L § W 58 62...0. 2 9T%h North Am Edis bs.. 10 100 100 100 NoAm Ed6%s62. 6 102% 102 102 Nor States Pow 5s. 5 100% 100% 100% Pacific Gas & El 5s. 7 101% 100% 101% PacT & T 18t bs 3102 101% 102 Paramount 68 11 99 9814 98% 10 103% 103 103 2 40 39% 40 11 102% 102% 102% 19 981 984 98l 12 93% 93% 27 9% 90% B 94% 93% 5185 185 4 53% 53% ional Tele e Gorptaamt CHARLES HAYDEN of Hayden, Stone & Co. OTTO H. KAHN of Kuhn, Loeb & Co. JOHN L. KEMMERER Chairman, Whitney & Kemmerer, Inc. ARTHUR W. LOASBY Chairman of the Board ELGOOD C. LUFKIN New York 101% 10 784 T8 92% Goodrich 6%s. Goodyear 5s rets Hoe & C0 6%S..... Humble O & R 5s. . Humble O &R 5%S. 111 Bell Tel 58 111 Steel 4%5 4 A Inland St14%s78.. 5 Int] Cement b8 ;t. . 765,344,701.42 102,316,061.14 22,159,625.00 32,704.27 3,614,633.85 $1,013,970,798.84 Columbia 58% 92 H. EDMUND MACHOLD Vice-President, F. L. Catlisle & Co., Inc. JOHN C. MARTIN of Curtis-Martin Newspapers, Inc. CHAS. G. MEYER of The Cord Meyer Company ALBERT G. MILBANK of Masten & Nichols, Lawyers GEORGE K. MORROW. Chairman, Gold Dust Corporation 90% .10 132% 6 90% 981, 3 107% 104 5 109% 14 100% 110t 838 15 124% 4 21 2, 3 108% 103 b, 891 90% 981 98 | 106% 106% 103% 103% | 109 109 100% 100% | 106% 106% 9612 97 98 9215 92 84 96% 100 95% 90% 88% 101% 101% 9754 98 97% 97 85% 85% 104% 105 4 rion Trust. TG shington Loan & Trust SAVINGS BANK. Bank of Bethesda. et MORIGAG NOTE And experience the satisfac- tion that goes with knowing | GEORGE WELWOOD MUR| of Murray, Aldrich & w-bbfAthym LYMAN RHOADES Vice-President 'S. STERN Vice-President C. C. THOMPSON New York 11 Broad Street 115 Broadway 40 Worth Street 41 West 34th Street 355 Madison Avenue 368 East 149th Street American Corcoran | Firemen's National Union. : TITLE INSURANCE Columbia Title L Real Estate... . 01110 Title & Inv. of Md. com. 0 MISCELLANEOUS. Barber & Ross, Inc.. com... 5 102 79 Madison Avenue 1040 Madison Avenue 301 East Fordham Road is absolutely safe and earning a profitable your money % ROY E. TOMLINSON | interest return. Chairman, Notionsl Biscelt' Company Safe 6% Profitable §HANNON E LUCHS 1435 K St. Nat. 2345 Y, WHALEY Vacuum Ol Company HENRY D. WHITON President, Union Sulphue Company CHARLES A. WIMPFHEIMER President, A. Wimpfheimer & Bro., Inc. HENRY ROGERS WINTHROP of Wintheop, Mitchell & Co. GEORGE P. g Foreign Offices LONDON: 10 Moorgate, EC2 - - Bush House, Aldwych, W.C. 2 PARIS: 41 Rue Cambon (11 Boulevard de la Madeleine) MEXICO CITY: Calle Condesa No. 3 ., Secu: Storage pfd. . American -American pfd Seab A L 4ssta.... 10 Seab AL adj 65 49.. s £ ¥ 255038 Phillips Petro 5%s. Postal Tel & C5%s Pub Ser 4% Punta Alegre 7s 185 2 107% 1074 107% 53% Sou Ry 6s 66 4 117 116% 116 \