Evening Star Newspaper, January 7, 1930, Page 13

FINANCIAL, ™ BOND LIST GAINS ON EASIER MONEY {Traction Issues Are Feature in Advance Following Car Fare Decision. BY F. H. RICHARDSON, Special Dispatch to The Star. NEW YORK, January 7.—Continued easing of money rates and a number of speclal factors influenced bond trading today and prices advanced. The mar- ket, however, had a few weak spots. The feature was the strength in trac- tion bonds following the Supreme Court decision granting to the United Rail- ways & Electric Co. of Baltimore the right'to charge a flat 10-cent fare. The ruling that the company was entitled to & 744 per cent return on present value ot ‘the property, including the item of $5,000,000 for its franchise, was inter- preted as good news for other traction lines which have been seeking fare in- creases. Bonds of local traction com- panies immediately responded. German and French credits were high lights of strength in the foreign depart- ment, They were influenced by the rapid clearing away of ebstacles at The Hague conference and a renewed opti- mistic outlook for the London naval parléy. German reparations 7s, German Central Bank 6s, French 7s and French 7158.]ed the advance. In‘the domestic list high-grade issues such as Atchison General 4s, Baltimore & Olo First 4s, Canadian National s, Canadian Pacific 4s, Pennsylvania Genéral 414s and Southern Pacific 41is were . higher, while losses were shown .by New York.Central 4s, Union Pacific First 4s, Great Northern 7s and Colum- bia Gas 5s. Convertibles were un- changed to fractionally higher. Prices: remained about unchanged in the second-grade ralil list. In the spec~ ulative section Pathe 7s were higher on reports of a better earnings position in December. Pennsylvania Dixie Ce- ment 6s were off 4 points. Meanwhile the municipal market continues strong. Dealers reported to- day that only $5,500,000 of San Pran- cisco’s recent offering of $41,000,000 47;s remains to be sold. The rapid disposal of these bonds is taken as a Iu):'o]nb]e gauge of the market as a whole, CHICAGO LIVE STOCK MARKET CHICAGO, January 7 (#) (United States Department of _Agriculture).— Hogs—Receipts, 50,000 head, including 7,000 direct. Market 10 to 15, mostly 10, lower; agtive to shippers and smail packers;_top; 9.5, paid for 160-200- pound weights, mostly at 9.35 to 9.65. Market on hogs over 120 pounds: Butchers, medium to choice, 250-300 pounds, 9.25 to 9.55; 200-250 pounds, 940 to 9.75; 160-200 pounds, 9.40 to 9.75; 130-160 pounds, 9.35 to 9.75. Packibg sows, 8.00 to 9.00. Pigs, me- gx;xsm to choice, 90-130 pounds, 9.00 to Slaughter classes, steers, good and choice, 1,300-1,500 pounds, 12.00a16.00; ,100-1,300 pounds, 12.50a16.! 50- 1,100 pounds 12.75416.25; common and medium, 850 pounds up, 8.50a13.25; fed yearlings, good and -choice, 750-950 pound, 3. 35a16.50; heifers, good and choice, 850 pounds down, 12.25a15.75; common and medium, 8.00a12.50; cows, good and choice, 8.35a10.75; common and medpim, . -u 25; low cutter and cutter, 4| 50; bulls, good and choice, (beef), 25-1000 cutter to medium, 7.00a9,50; vealers (milk fed), good and choice, 13.50a16.00; medium, 11.25a13.50; cull and common, 7.25a11.25; stockers and feeders steers, good and choice, all weights, 10.50a11.00; common and me- dium, 8.25210.25. Washington Stock Exchange SALES. ‘Washington Gas 6s B—$100 at 102. Capital Traction Co.—10 at 77, 10 at ' 77, 10 at 77, 10 at 77, 10 at 77, 10 at 77, 10 at 77, 10 lt 77, 10.at 77, 5 at 77,1 at 77, 45 at 7' Received by UNITED STATES. in $1,000.) High. Low. 3:18. 103 9915 9913 9915 106 100 31 10028 100 31 27 1019 1017 1017 1 9920 9920 9920 6 9923 9920 9923 26 1049 1049 1049 25 1078 1078 1078 21118 1118 1118 FOREIGN. Sales. Hig Argentfne 6sJu 69.. 18 Argentine May 61.. 22 Argentine 6s Oct 59 15 Argentine 5%s 62.. Argentine 63 A. Argentine 6s B Australia 4% Australia 65 1955, . Australia 65 1957, . Austria 7s. US3%s 43.. s 47, 9. 7 108% 101!. 103% Bank of Chile 6%s. 6 95 94% 94% Bankof Chile 6%s. 1 961 96l 96l Belgium 6s. 52 101% 101% 101% Belgium 6% .. 5106 106% 106 Belgium 7s 1955 4 110% 1104 110% Belgium 7s 1956 107% 107% Belgium 7% 15 115 Belgium 8s 6 110% 108% uo Bolivia Ts ct 6% Bolivia 8s. Bordeaux 64 Brazil 618 9 &% 22 981 974 Bremen State 7s... 11 99 984 Canada 53 1931 1 100% 100% Canada s 1952 14 1031 103%°103% Chile 63 60 56 90% 891 89% Chile 6s 61 25 901 89% 89 Chile 75 1943 11 100 99% 99% Colombia 6s Jan 61. 22 70% 70 0% Con Pow Japan 7s.. 7 984 98 98 Copenhagen 4% 53. 17 89% :m 89 Copenhagen fsct.. 10 98 9! Czecho 8s 1951 1 109% 109'4, 109% Danish Munic8s B. 2 111 111 111 Denmark 414s...:. 38 911 91 914 Denmark 5%s 55... 11 100% 1001 100% Denmark 6s. .. 15 104% 104'x 104 Dutch FastI47.... 5 101'3 101% 101% Dutch East I 6s62.. 1 101% 101% 101% El Salvador 8s 48 2104 104 104 Fiat 7Tsex war 46.. 12 90 90 90 Finlan¢ s £6s45... 12 921 91% 91% Finland 7s. . .5 98% 981% 98 Frnmerlcnn'l%!. « 16 104% 103% 103% French 7s 36 113% 112 112% French 7%s 97 119% 118% 118% GermanBank 6s'3. 6 86l 86 86 German Ts. 12 107 106% 106% Ger Gen Elec 7s.... 13 10014 100% 100% Greek 65 1963 .18 82% 81% 82% Haiti 6s. .. L1 9% 9T% 9TH Hungary 7%s. 3101 101 101 Irish Free State5s. 4 97 967 97 & . 8 96 95 96 20 93% 92% 92% 9474 954 . 733 102% 102 102% 700 69% 70 Kreu er&TolSlct 111 944 93% 944 Lyan: 6s. 83 102% 102z 102% Marsellle 6s. 8 102% 102% 102% Mexico4s10asnt.. 1 11% 11% 11% Mexico 58 asnt AT Milan 63%s. 87% 8% 98%, 98% 102% 103 V17 9T 9T 9TH 4 100% 100% 100% 3 103 102% 103 11 103 102% 103 7102 102 102 3 88% 88% S88% 12 100% 99% 99% 23 102% 102% 102% 2105 105 10;/ Peru 65 1960. 11 TI% 71k TI% Peru 6s1961... 1% T0% T0% Peru 7s.. 94% 94 94N Poland 65 40.... 75 6 5 Poland 7s (rets] 83y 82 83% Poland 8s. . 95% 95 95 Porto Alegre 8s. 94 94 94 ueensland 7 5 108% 108% 108% Iqlmnelbob 3 100% 100 100 Rhine Wst1IP 6552 7 87% sfivx 874U Rhine Wst KP 6s 63 14 88 Rhine Wst EP 7850 5 100 Riode Janelro €348 28 Z: Rio Gr do Sul 6s 43. Rio Gr Do Sul § 2 95% 95% 954 Rome 628. 14 89 88N 89% Sao Paulo 88 1936... Sao Paulo 1950 2 Saxon (P\N) s Norway 68 1944 Norway 6%s 195 Orfent dev 5% 68... Paris Orleans 5%s. Paris-Ly-Med 6s. 3 108 8 6% 1T6% 75% 3 88 88 29 102 = 101% 10\% 14 106% 105% 105% Potomac Electric 51 % pfd.—2 at 1107} American Security & Trust Co.—8 427, 2 at 427, 10 at 426. Continental Trust Co.—10 at 13315, Mornnnu!er Linotype—20 at 106, 10 at 106. National Mtge. & Inv. pfd.—140 at 4%, 50 at 412, 100 at 415. Becurity Storage Co.—20 at 116. AFTER CALL. Continental Trust Co.—10 at 133, Capital Traction 55 —$500 at 92. Wg;l‘l;ngwn Rwy. & Elec. pfd.—10 at Bid and Asked Prices. BONDS. PUBLIC UTILITY. u Georgetown Gas 1st 33 Potomac Eleg, cons. 5% Fotomac Eiec, Wash, on Wasn, gn - “series as 6s. series B Wash. Rwy. & Elec. 4 STOCKS. PUBLIC UTILITY. & Telgn.ve. Gapita Traction Co'tt Washington Gas Li No& W Stear, boat' Amer. Tel Wash, Rwy. Bfd Vieshs Batio. & Aiinap, Washi, Balto, & Annap NATIONAL BANK. ital 2 nd Notlonal Bani TRU! American Sei Contin = ferchi Vations] Bavings & Trusi: Urio Wadlngion toar & rrust SAVINGS BANK. Bank of Bethesda TITLE INSURANCE Columbia T eal Estate itle & In MISCELLANEOUS. Barber & Ross. Inc., cos Chevy Chase Dairy ‘pfd. Col. Band & Cravel pid Commercial Netl Co. pf D, C. puper Mg, Nadl gecuritie Pedural Borave B ederal-American Co. €. ederal-American Pfd . -| Vienna 6s 62. 11 6 104 1031 108% 11 108% 108% 108% 4 99% 99% 99 Toklo 518 19| 89% 89% Utd Kingm 5%s 37, 102% 102% Uruguay 6s 1960... 94 94 Uruguay 8s 18 106% 106 83% 83 88 7 T34 3% 78'6 Swiss5%s Swiss Confed Toho El Pow Warsaw 7s 52. Yokohama 6s. MISCELLANEOUS. Alleghany Cp 6s 44. 26 100% 100 Alleghany 5s 49.... 45 100 100 Am Agri Chem 7%8 Am Int Cor 5%8 49. 94 AmChem 535 cv 49 102% 102!, Am Nat Gas 6%s 42 73 Am Sugar Ref 103% wslf. Am T&T cv 448 39 288 140 138% 138% ;15 103% 103% 103% 103% 108% 106% 106% 100 100 88% 89% 82% 82% 102% 102% 73% 3% 100% 100% 104% 104% 106% 106%. 100 100% 100 100 103 Armgour&Co 4% Armour Del 53%s... Associated O116s. v Atl Gulf 58 59. Atlantic Refin 58, Bell Tel Pa 5s B. Bell Tel Pa 55 C. Bethlehm Stl pm Beth Steel rf Bet Steel 53853 Bethlehem Steel Bush Term B1dg bt Certn-Td 5%s rcts.. Chile Copper 5s.... 48 96 Colon Ol 65 38 . 26 175 Col G&El 58 May 62 7 100% Com Invest5%s49. 5 85 Com Invest 6s'48.. 2 93% ConCoal M bs.... 2 6l% ConGasN Y 5% 38 106 Consumers Pow 58, 2 103 Cuba Canecv7s.... 1 374 Cuban Am Sugar8s. 3 99% Det Edison 58 40 5 102% 102 102Y Det Edison 6 4 106 106 9215 98 1 102% 7 8% 1 100% 2 104% 2 106% 104% 105 Fast Cuba Sug 7% Fisk Rub 8s 75 Gen Cable b 99% Gen Mot Ac Cor 68 Goodrich 6% Goodyear 58 rets. .. 29 Humble O &R 6%8. 19 1ul~. 111 Bell Tel 6s. 3 104% 111 Steel 438 40. 9814 Inland Stl 4%s 7! Int] Cement 6s 4 Intl Match 68 47 Int Paper 58 47. Inter Paper és Int Tel & Tel 4 Int Tel&Tel 4%8cy 41 123% Kan G & E6852. Lackawanna Laclede 58 Laclede G 6%8 Lautarc Nitrat Liggett & Myers 7s. Loew's, Inc 68 102 Loew's 68 W 0 War, 91% Lorillard 8. 80 80 Lorillard 6%s 7 Lorillard (P) 78.... Lou Gas & K1 58 62, McC'rmick ER 65 34 Midvale Steel 5s. .. Montana Pw deb 5 Mor's & Co 18t 4% Nat Dairy 5% N Y Edison s 44. New England Tel 55 NYG&EHP s 105 105 102 100 108 80% 102 100 102 1101 101 2 101% 4 100% 21 100% 2 82% 9 98% 101 3 105% 107 N Y Tel 68 u North Am Edis bs.. No Am Ed 5%s 62. . Nor Ohio Tr&L 6s. . Nor States Pow 8. 100 100! 99% 100 i 100% 100 Becurity *Btorage. A er. Ref. & Whr. Corp. ‘The Carpel Corp. Nor States Pow Pacific Gas & El §s. Pac T & T 1st bs. PacT & T6863... it 68 11 4 105% 105! 101% 102 101% 101 xoo 15 | Sinelair Crude 6%s. Private Wire Direct to The Star Office Sales. High. Low. Pan-Amer Pete 7s.. 1 107 107 107 Pathe Exchange 7s. 47 % Phila Co 55 67. .. Phillips Petro 5%s. Por Ric Am Tob 6s. Postal Tel & C5%s Pressed Stl Car 5s.. Punta Alegre 7s. Rem Rnd 5% war.. Richfield Ofl 65 44. . 1 98% 4 96% 100% 100 100 99% Sinclair Oil 7s. 1014 101 101% 9 Sin Pipe Line & Skelly Of1 53 South Bell Tel bs... | Southwest Bell 6s., £ Stand O1I N J 46... Stand ONIN Y 4%s. 17 Sug Es Orient 7s. .. Tenn Copper 65 41. . Tenn ElecPow6s 47 11 Tex Corpev 551944104 United Drug 6s §3.. 11 USRubistreés U S Rub 73%s.. Utah Pow & Lt 6s.. 2 Utilities Pow 53s.. Vertientes Sug 7s. . Walworth 63 45, .. . War Quinland 6539 ‘Warner Sug 7s 41.. ‘Western Elec bs. ... Westn Unfon 58 51. ‘Westn Unlon 63%s. . White Eagle O 5% ‘White Sew Mach. .. Wick-Spencv 7s. .. Willys-Ov 614833, Wilson & Co 1st 6s. Win Repeat Ar 7158 Youngstn S& T 5s. 45 RAILROAD. Ann Arbords...... 1 % Atchison gends.... 6 o'n 92 Atchdeb 415843.... 2 1281 12 Atl&Dan2d4s48.. 2 56 55 At&Birds33...... b 8415 84% 4 2 98 981 98t 108 105% 106 101% 101% 101% 94% 94 84% 8% B4% 100% 100% 100% 991, 99% 99% 87% 87 8% 62 62 62 861 864 86% 88 88 88 105 105 105 102% 102% 102% 103 103 103 109 108% 108% 1023% 102% 102% 74 74 T4 29 27 29 100 99 99 101 100% 101 101 101 101 101% 101 101 @i - ISIP E PNt Atlantic C L 1st 4s. 934 934 AtlanticC L 4s.... 91m 91% Atlantic C L 445 64 16 99% 97% B &0 Gold 4s 4 93u 9 B&Ocv4Ys 10 99% 9 12 101% 1013 101% | 57 102 101% 102 2 101% 101% 101% 4 109% 109 109% 3 86 85 85 1 911 91 91 7 102% 102% 102% 2 84 S4% B4 3 981 98% 98% 35% 40 88 88 9415 94% 84% 84N B &O PLEWY 4s B &OSW 6s50. Bang & Aroos 4s 51, Boston & Maine bs.. Brdway & 7th Av 58 Bklyn Elev. 6% Bklyn Manhat 6s... Bklyn Un Fl 65 50 4 Buff R & Pitts 4%s. 2 98% 93 Can Nat4%s30.... 1 99% 99% Can Nat 414s64.... 15 934 93% Can Nat 4348 67 17 94% 94 Can Nat 4% 68 11 94% 944 Canada Natl Gs. 32 100% 100 Can Nor 6%8. Can Nor 7s. Can Pac deb "‘“ . :f g;‘ Can Pac 448 4 9 Can Pacific ctfs 5s. 113 1013 1011 1011 Canada Sou 5s. 10 102'a 102 102! CarClin & O 65 52.. 5 107% 107} 1074 Cent of Ga 65 C 59 100 Cent Pac 4s. 92 92 Cent Pac 1st 58 80.. 15 102% 102 102% Ches & O Corpn 6s. 13 98l 98% 98% Ches & O cv 4% 3 99% 99% 997 Ches & O gen 43s.. 1 97% 97-. 97% Ches& O 4%5 93 A 95 Ches & O con 8. ... Chi B&Q gen 4s 53.. CB&Q4%siTB CBB&QIIldivids. 45 94% Y Chi&E Il gn 5851.. 9 3% 737 ChiGt West4s569.. 8 66 654 651 Chi Ind&L ref 5s... 1 101% 101% 101% ChiM&StP413sC89. 5 95% 95% 954 Chi MiISP&Pacbs75160 931 93 ~ 93% CMSP&Pacadjbs03 36 73% 72% T73% AN W 41452087, 15 96 95% 96 S:XENW conv 4%s 117 100% 100 100% Chi & NW ref 5s. 1106 106 106 Chi& N W 7s. 6 101% 101% 101% ChiRI& P gn 4 4 BBY% 88l 884 27 :95% 95% 95% 93 94 93% 94 3 96% 96k 964 2 89% B89% 8% 2 99 99 99 8 105 104% 105 3 104% 10415 104% 9 99% 99% 99% 5 103% 103% 103% Clev Term 5% 1 1065 106% 106% Colo & Sou 4%s 1 9T% 9% “7“¢ Comn Ry&L 4i4ssta 8 Cuba R R s 7. Cuba Nor 5158 cts.. 28 6214 6214 Cuba R R 6s 1936 ct l 89 89 Del & Hud1st rf 4 92% 92% Del & Hud 7s 30 lm 101 Den & Rio G en 'u,'. 98 DRG & Wst5s55.. 4 9314 DRG& Wst5s78.. Rflu 89% Duluth'S § & At bs. 75 75 Erie 1st cons 48 87 Chi T H inc 65 60. -+ Chi Un Sta 4%8. Chi Un Sta §s. Clev Term 5s. 9214 101 934 BUSINESS HEADLINES FOR 1930 OUTLINED Merle Thorpe Picks Out Some High Spots Likely to Show Spe- cial Activity. Business headlines for 1930 are out- lined by Merle Thorpe, editor of Na- tion's Business. Some of the items which will loom large during the com- ing 12 months, as enumerated by Mr. Thorpe, follow: OIL—Further effort to conserve Na- tion's mmleum supply by closer co- g\;mtlon tween producers and re- AGRICULTURE—The policies of the Federal Farm Board particularly in reference to the independent dealers in farm products. LUMBER—Expectation that easier money conditions will stimulate home tion of agriculture: will enable the farmer to carry on a delayed building program. INSURANCE—Persistence of State cm’npetltiofl with private companies. PUBLIC UTILITIES — Regulation, mergers and rates will continue to oc- cupy the spotlight. DISTRIBUTION—Mergers of chains with chains; possibility of price-wars between giant chains; eater use of robots for mechanical selling, and more hopeful - outlook for enterprising inde- pendent merchants. COAL—Fresh hope for Old King Coal Hélroush more efficient methods of oper- ation. MANUFACTURING—Limitation of output in accordance with scientific estimate of demand; wider adoption of the five-day week; the problem of what to do about the older man in industry, and old age pensions. HIGHWAYS-—Prediction of 50,000,000 motor cars in 1950 means more acute traffic problem resulting in active work on high speed highways, overpasses and underpasses. Erle Gen 4s.. 81% Erleconv4sA. 83% Erie conv 4s B. 834 Erie cv 58 67. Erle & Jersey FlaEastC687 Gr Trunk st db Grand Trunk 78 Gt Nor 4%s 76 D. GtNor4%sE 9 97% 97 1 11 4L 2 55 65 55 « 12 104% d04% 104% 1 110% 110% 110% 9T% 9TH% 9T 9T 105 105 108% 109 149 110% 110% 110% . 28 25% 25 26 31 D Tk 1 19 97% 96% 97T% 97% 9Th 9TH 25 98% 98% 98% 1 104% 104'%:104% 2 9% 9T% 9T% Green B& W Hud & Manaj 6s... Hud & Man ref §s.. Hocking Val 4%s. Ti1Cent 4% 66 311 Cent rf 58 55 111 Cent Chi 4% 111-C-C-StL&NO bs. 5 104 ‘Wayne Pump Co. earned $3.32 months to November 30, 1929, w’:‘ng $3.18 in previous year, Penna 6%4s. . Penna Gold 7 Peo E 1st 4s. Pere Mar 1st 45 56., Pere Marq 1st 5s Philippine RR 4s. PCC&StL5sA PCC&StL5sBT5 Port E1 P L 6 Port RL P 6; Reading gen 4%s A 2 Reading J C 45 51..: Rio G West cl 4. Rio G W 1st 4s. . StLIM&SgnssM.. 3 StL IM&S R&G 4s. 23 StL&SF pl 48 A.. 109 StL&SF 4%s78..273 StL&SanFrinbs. 2 StL&SFeen6s3l. 1 StLSWist4s..... 1 St L&SW con 43 32, Seab AL ref 4s 109 108% 100% 87 904 103% 2814 106% § 105% 9614 9615 9814 924 8414 108% @ wrafio e R0 0 b Seab AL adj 55 49. Seab AL con 6s. .. SBAIIFlags35A. StP & KCShL 4%s. Sou Ry con §s.. Sou Ry 6s 56 Sou Ry 6%s. Term Asso S L 4s. Tex & Pac 55 C 7 Third Ave ref Third Ave adj Tol Tr L&P 5%5 30, Ulstr&Del bs 28 sta. Union Pac 1st 4s Union Pac 4s 68. Virginia Ry 1st 5s VyRy &P Gs. Whash 414s 78 rcts Wabash 1st 58. ‘Wabash 2d 5s. ‘Whbash 53 76 B Whash 5%s 75 107% 116% 122% 89% West Pacific 5s. Wheel & L Ecn 48, building, and that the improved condi- |- Markets at a Glance NEW YORK, January 7 (/) —Stocks heavy; Pennsylvania at lowest since 1928 Bonds firm; high-grade loans im- prove with easier money. Curb irregu- lar; Associated Gas A sells up nearly 7 points and then reacts. Foreign ex- changes easy; sterling sags close to parity. Cotton steady; favorable cables and covering, _Sugar steady; better spot demand. Coffee lower; European sell- ing. CHICAGO, January 7 (#).—Wheat lower; larger Russian offerings. Corn easy; increased contract stocks. Cattle steady. Hogs lower. NEW YORK, January 7 (P).—Pro- duction of steel rails in the Chicago district has been materially increased, as has the production of ingots. Rail mills are operating at about: 80 per cent of rated capacity and ingot mak- ers at 60 per cent. In the preceding week, ingot production was between 40 and 50 per cent of capacity. Endowme'nt Solicited or Educational Institution Filling he(d. Investigation Invited terested Persons Addrns Boz 298-H, Star office. Funds Available for First Mortgage Loans Telephone National 2424 STONE & FAIRFAX Established 1885 Conn. Ave. at K Nat'l 2424 Capital and Surplus, $3,500,000.00 More | in Your Pocket To deposit January Inter- est Coupons and Dividend Checks . in this interest- paying bank is to make them more productive. {{Why keep the proceeds of your investments idle? Safe Deposit Boxes at Moderate Annual Rentals National Savings & Trust Company The Oldest Savings Institution in the District of Columbia 63d Yr. Corner 15th & N. Y. Ave. P IR 5E Over a Third of a Century Without a Loss there National 2100 ‘Wis Cent gn 4s 4 80% MORTGAGES WHAT IS WANTED NOW IS SOUND INVESTMENT —and nothing so completely meets that ideal as our 61,9, FIRST MORTGAGES Instead of the feverish un- certainty of the market, here your money is always worth full value—guarded by income- producing real estate. And is never doubt of nor de- lay in receiving your interest. May be purchased in amounts from $250 up. B. F. SAUL CO. 925 15th St. NNW. THERE IS NO SUBSTITUTE FOR SAFETY Over 340,000 people now own CITIES SERVICE COMMON STOCK N January 2, 1930 there were 341,497 Cities Service Common stockholders who received the 207th dividend paid by the Company to in Cities largest essential business enterprises in America—you share in its success and * its earnings. If you had invested $1,000 Service Common stock on 103% 103% 106% 106% % 100% 100% 6 991 99% 69% 69% 6% 99% 101% 101% 102% 102% Int Rapid Trans 6s. Int Rap Tr bs stpd.. Int Rapid Trans 6s. Int Rapid Trans 7s. Int & G Nor adj 6s.. Kan City Ft 8 4 City S3s Kansas City 8 68, Kan City Term 4 Lehi Valen 4 LehiVgen 4% Lehigh Valley 68 20 Long Is deb 68 34 14 | Louis & Nash 5% Louls & Nash 7s. Man Ry 1st 48 90 Market St 78 40.... MiI'El Ry & L 68 61 M St P&SSM cn 4s., M6 o1 91 101% 101% 104% IOIK A 65 Mo Pac 55 G 78.... Mo Pac b8 49 cvt. Mob &0 4%877. Nassau El 4s51. NOTex&MEsB.. 106% 105% 104% 80% 118% 118% 1% 87 87 105% 106% 101% 101% 100% 100% 994 100% B2% 82% 981 98N 5 103% 108% 103% 105% 1056% b 2% 9av| Nor Pac3s 2027.... 107% 110% 1104 NY Sus&Wn 68 37. NY Sus&Wn gen 68 Nor Pac48.ccoeou Nor Pac £%8 2027. 1% | Nor Pac 63 D Nor Pacrf . Ore Short L cn bs.. 14| Ore Wash 1st ds... 14 | Penna con 4% % 108 - 103% 103% 13 62% 62 62 77 89% 89% 88% 88% 98 98 4 106% 106% 994 99% 106% 106% 100% 100% 56 92 98% 881 99 85% 88 9414 103% 103% 101% 101% 2 103% 65 101% 93 5% 1101 36 99% 34 99% 11084 3 95% 12 51 19 99 8 102% 99% 99% 99 108% 108% 95% 95% 50% 650% 97% 99 102% 102% 801 80% 9T 9T 8 105% 105% 105% 1 105% 105 105% 3 99% 98% 99% 6 10615 105% 106% 5 105% 105% 105% 101% 101% qn 78 78 9274 93% 1041 104% 8 8 103% 1037% 13 118 104 104 89% 90 16 90% 12 100% 101 99 99 owners of this nineteen-year-old security. Of these Common stock- holders, 93,263 were added between October 15th and December 15th,1929. Over 600,000 people now own se- curities of Cities Service Company or its subsidiaries. Earnings of Cities Service Company ‘for the year ended November 30th, 1929 were the largest in its history. These record net earnings, totalling $41,650,882.» 06, represented an increase of more than $8,500,000 over the previous year. 5.8 % growth of one of the An investment in Cities Ser- vice ,Company protects you against the risk of putting all your eggs in one basket. Your dividends come from' the carnings of Cities Service subsidiaries spread over 35 states and doing a day-and- night business in modern necessities. ..in electric light and power, manufactured and natural gas, and petro- leum products. January 1st, 1911 and held all stock dividends, you would have, today, holdings worth $34,575. To date, over $117,000,000 in cash and securities have been paid in divi- dends to holders of Cities Service Com- mon stock. At its present market price and divi- dend rate, your investment in Cities _ Service Common stock 1 yields over 63 % year- ‘ Iy in stock and cash, . payable monthly. *LwE W You can learn more about the Cities Ser- vice organization by reading the booklet mentioned in the coupon below. Send- ing for it will put you under no-obligation. HENRY L. DOHERTY & COMPANY 60 Wall Street, New York City Branches in principal cities HENRY L. DOHERTY & COMPANY, 634 Southern Ballding, Washington, D. C. Send-copy of booklet describing the Cities Service organ- ization and the investment possibilities of its securities. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 63rd Issue of Stock Now Open for Subscription Shares of Stock, $1.00 Each Payable Monthly James E. Connelly James F. Shea President Secretary Reserve District No. REPORT OF CONDITION OF THE Columbia National Bank Of Washington, in the District of coslixmbu at the close of business on December Charter No. 362! RESOURCES. . Loans and discounts. . Overdrafts | United States Government securities owned. . Other bonds, stocks and securities owned. . . Banking house, $182,569.59; furniture and fixtures, $44,205.40.. . Reserve with Federal Reserve Bank. . Cash and due from banks. . Outside checks and other c . Redemption fund with U. 8. Treasure: UTET..cecesenasccnnsacnnin Total..oicvvennnrennnnas LIABILITIES. ." DW 734, 00 1,000.2¢ m.SDl.M 571,572.50 eesseseanesss.$5,175,464.49 . Capital stock paid in. . Surplus g Unflivlded pronu—ne 95, 100 11 | Reserves for dividends, contingencies, etc. . 7/500.00 . Resuves for interest, taxes and other expenses accrued and un- . . 33,000.00 249,995.00 454,553.48 2,682,400.49 902,315.38 +$5,175,464.49 $250, 000 00 . Cl.rcuht(ng notes outstandini . . Due to banks, including certified and cashiers’ checks oumnmfln. Demand deposits .. 23. Time deposits .. O e VI TGHELL, cashier of e &b A. cashier of the above-named bank, do solemnly swe: that the above statement is true to the best of my knawled[e and belief. S A. N. MITCHELL, Cashier. SEul;ecflbed and sworn to before me this Gth dly of January, 1930. (Seal. HN W. SCOTT, N 3 Correct—Musv D} s Eubtie RY JAMES A. MESSER, JOS!PH H. MILANS, THODO“ W. NOYES, WALTIR 8. PRATT, Jr., . STRYKER, FRANK J. Directors. F. B. KEECH & COMPANY We maintain complete departments and private wires for the execution of orders in COTTON GRAIN SUGAR COFFEE RUBBER H CORNER 17TH ST., N. W,, WASHINGTON NEW YORK CHICAGO —~ PHILADELPRIA rroviDENCE Members of New York Cotton Exchange New Orleans| Rubber Exchange of New York, Inc, New York Stock Exchange ‘Washington Stock Exchange New York Curb Market Chicago Stock Exchange FIRST NATIONAL OLD COLONY CORPORATION merging The FIRST NATIONAL CORPORATION of " BOSTON and the OLD COLONY CORPORATION UN’DER the direction of the experi- enced executive management of the combined institutions, it offers to the "investing public and security dealers the services of one of the largest investment corporations in the country dealing in United States government, municipal, public utility, railroad and other invest- ment bonds and notes; bankers’ accept- ances, bank, insurance company and other investment stocks. WASHINGTON OFFICE Avsaey Lanstox, Representative soo1 FIFTEENTH STREET, N. W, Telephone Metropolitan 3461 Bavtivore CizvaLanp New York Purrapereuia Prrrssurcn St, Lours Atraxta Hartroro Boston Cucaco Affiliated withT/he FirstNATIONAL BANK 0f BosTON, New England’s oldestand largest financial institution