Evening Star Newspaper, January 16, 1930, Page 13

F RROW RANGE Tirms Dull After Rally Which Follows Lower ¥ (AT BY'F. B RICHARDSON. Bpecisl Dispatch to The Star. - NEW YORK, January 16.—Bonds were firregularly lower today at the opening. A brief rally followed which left the Nst close to yesterday's levels, but many fssués ‘sagged again in later trading. The foreign’ depar nt was strong, with buying:for foreign account. Althoygh money i§-easier than in some ‘weeks and in: glentiful supply, and M.h ‘many bones av.eurrent levels ‘offer attractive yields, the ‘fact that a fafger total of new issues has been brought out this week' than ' any | week ‘since the war Has tutned much’ money. from® listed bonds. With $20,- 800,000 ‘of new issues today,’ the week's total 35 ‘afound $305,000,000, snd_ there are 10-0r a dozen large public. utility flotal still in immediate prospect. Vol as heavy during the firs hour, but dullness set in before noon. The mew 5 pér eent issue of the Ameri- can_Telephorie & Telegraph Co. Wwas unchapged around a point m, but its compamion issue, the 58 of 1960, was off ‘fractionally. N;gh Ameriean Edison 5s, also influ- encediby & new issue of the same com- pany, wete off nearly a point. Illinois Steel 41s, to be called by the United States Steel Corporation, of which the former compsny is a_subsidiary, sold above par in a steady advance toward the call price of 105. ~There are $18. 500,000 of these outstanding, but it is Jearned that United States Steel has bought in most of them at the market. Standard Oil of New York 4%s dropped nearly a point and Standard of New Jersey 5s were down a Jike amount Utah Power & Light 5s were a point | higher. Convertibles were strong with the stock market and later subsided. . | ‘The Convertibles .of the Chicago & Northwestern Rallroad ~ were Theavily traded at levels a point. below yester- INANCIAL. UNITED STATES. Sales wre tn $1.000.» Sales. 26 Lib 1st4%a. . Libath4%.. US3%s 43.. S3%s 4T.. 10 15 | Austria 7 Bank of Ciile 614 Bank of Chile 6% Belgturh 6s. . Belgtum 6148 Belgium 7s 1965. Belgium 78 1356, Bolivia Ts et 63.. Bolivia 8s | Bordeaux Brazil 6158 1926, .. Brazil 61451927, Brazil T Brazil 8 Bremen State 7 Canada 55 1931 €anada 55 19 Chile 65 60. Danish Munic 8s Denmark 41 Denmark 5%s 55 Denmark 6s. Dutch East 165 63. El Salvador 85 48.. Finland s £ 6 45. Finland 7s. .. Framerican 7% French 7s. French 7%s. day’s close. ¢ Fractional losses.were general in the Iist of junior railrodd bonds. Florida East Coast 4155 dropped to a new low, In the oil list Colon 6s were in 'demand and a point higher. Most of the buying in department was in the Japanese, French and German sections. . French 7158 touched a new high. At 120 these bonds are 25 points above their original issue level. i . ..Byrd on Bank Board. ATT d., January 16 0. Byrd, assistant to the’ T At that , elected 'an~additional member of the botrflo.(%d!r!c&t of the First National Bank' at the annual meeting of the Mers. - direct ‘Were re-elected: Joseph ~ W... Aman, Arthur Charles W. Clagett, Alexander Gude, J. Fred Keefauver, George H. Laghardt, S. Marvin Peach, Dr. H. J. Patterson, %fll\;;m P. Maggudgr and Charles H. elsh. \ All officers werg re-elected as follows: Dr. H. T. Patterson,‘president; Charles H. Welsh, first vice president; William lP’..gKu'mder, siecnnd v;o:h]:mldent:c Dr. Parkinean, Boahir] Feancie G, Lithe. assistant’ cashier, and Charles W. Cla- gett, WILOPHRY. Ut POTATO MARKET. CHICAGO, January. 36 (#) (United States Departm: it d‘JAmulmel.— Potatoes—Receipts, 70 cars; on track, 204 cars; total United States shipments,- 698 cars; trading very slow account of weather, very few sales; Wisconsin sacked round whites, 2.5082.65; Idaho sacked Russets, 3.10a3,25, - . Washington Stock Exchange SALES. . Potomac Electric 514 % pfd.—3 at 107. Commercia! National Bank—10 at 250, 10 at 250, 10 at 250, 10 at 250, 10 at 250, 10 at 250, 10 at 250, 10 at 250, 10 at 250, 10 at 250, 10 at 250. Ar:;;lun Securities & Trust Co.—3 at Dut‘rlpc: National Securities pfd.—10 a National Mtge. & Inv. pfd.—200 at 4%. Peoples Drug Stores pfd.—10 at 104. Federal-American Co. pfd.—5 at 100, AFTER CALL. Federal-American Ce. ptd.—3 at 99%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telaa.M'ss Amer_Tel & Telga. 4'a8 . Tel Capital’ Traction City & Suburban 2 jeorgetown Gas leé 1084 3% y Irish Free S Italy 7s. Italian Japanese 4 % Karstadt 6s 1 Kreuger&Ta'l b: Lyon Mar: M ‘Montevid: N Netherlands §s New Se Wal Orient dev.5% & ris-Ly-Med 6 ris Orleans 6% , | Peru 63 1960, Peru s 1961, Pirelli 7s Poland 6s cene Poland 7s (rets)... Rhine Wst EP 63 5; Rio de Janelro 648 Rio de Jan 85 1946 Rio Gr 4o 5ul 03 48. Rio Gr Do Sul Rome 614s. .. Sao Paulo 831936 Saxon (PW) Ts.. Seine 78 42... Serbs Cr Slov Tn. Serbs Crot Slo 8s... Shineyetsu 6%s §2. Sweden 5%s.. Swiss 5145 1946 Swiss Confed 85 Toho El Pow 75 Tokio 51%s 1961 Utd Kingm §%s 37. Unt S § Copen 65 37 Uruguay 65 1960... Vienna 6s 52, Warsaw 75 52 Tokohama €s. Alleghany Cp 55 44. Alleghany bs 49 Am Agri Chem T%8» Am Beet Sugar 6s 3t Am Chain 6833.... AmChem §3%scv 49 Am Int Cor 6%s 49 Am Nat Gas 638 42 Am Smit& R 1st bs Am Sugar Ref 6s. AmT& Teltrbs. AmT&Tstbs. . Am Tel & Tel 5%.. Am Water Wks bs.. Armour&Co 4%s 39 Armour Del 6% Atl Gulf 55 59.. Atlantic Refin & Bell Tel Pa bs C, Bethlehem Steel 65, Bush Term BIdg b8, Certn-Td 5%s rets. "\ Col G&EI 58 May 62 B Cold Btorage 8 Wash. Cons. Title 6s.. STOCKS. Capital _Traction. hington Gas Light .. Steamboat. Risss it Becond ' e National Bank of W TRUST COMPANY. American Security & Trust Co. Continental Trust...... Merchants' Bank 5 National Savings & Trusi BAVINGS BANK. Bank of Bethesda Commerce & Bavi ton. American .. Corcoral TITLE INSURANCE. Columbis 'n* Real Estate Titl Title & Inv. of Md. com. MISCELLANEOUS. Barber & Ross. Inc., com.... Chevy Chase Dairy' pld. Columbia Sand & Grave D. C. P RI2223888 Com Invest 6345 49, Com Invest 65'48 Con Coal Md bs ConGasN Y 6%s, Cuba Canecv 78 Cuba Cane$s.... Cuban Am Sugar 88 Det Edison 53 40. Det Edison Dodge 6s. . Duquesne 4%s5 67 Fisk Rub 8s. .. Goodrich 6%s. Goodyear 68 ret Hoe & Co 6% Humble O & R : Humble O &R 6%8. 11l Bell Tel bs. Inland Stl 4% Int} Cement bs 48 Intl Match 5s 47, PInt Mer Ma- s, Inter Paper 6s. Int Tel&Tel 4% Kan G & F6s 52 Laclede &5. 3 Laclede G 5% 52. . Ligget&Myers 5x 51 Loew's, Ine Lorillard 6% Loriliard (P) 7 Midvale Steel 5s. .. Montana Pw deb b3 Montana Pow 43. .. Mor's & Co 18t 4% Nat Dairy %8 Nat Radiator 6%s. . New England Tel 5¢ N Y Edison 65 44... N Y Edison 6% NYG&EHPbs.. N Y Tel 4% ] Nor States Pow Nor States Pow 6s. Pacific Gas & El 5s. e, Rel. 3 he Car ol Bt Mige. al Est. . E«u,fi', Storase Whr. Corp c i Pan Amer Pete§s. . Paramount 6s 1947, Pathe Exchange 7s Peoples Gas 12 100 21 108 101 11 104 FOREIGN. Sales. High. Lew. Close. 1 87% 87T% 8% o 25 aBaanaBaEBEia sasilunnmnolume Soissons 6s........ 1 AmT&T 58 65 wi. 413 Am T&T cv 4348539 780 Low. 9911 100 18 100 30 99 14 99 10 103 31 High 9911 99 14 99 13 97% 98 D 9T% 97U MISCELLANEOUS. 18 27 2 2 1 2 31 [] 1 4 100% 100% 11 104 108% 1005 100% 140% 139% 104 103% 1011 101% 105% 105% 101 ans-SwSaan = S weaReanam~annN 98% 29 4 106% 104 13 106% 99% 108% 110% 99% 100% 100% 106% 101% 103 15 88 1 46 46 2,101% 101% 103% 82 ¢ 9% 984 97% 9% 9% 835 % 924} 104% 934 26 100% 101% 105 100% 101% 104 92 THE EVENING STAR, WASHINGTON, BONDS IRREGULAR | [ex o BONDS o) MARINE PRODUCTS | l Phillips Petro §%s. Por Ric Am Tob 6s Postal Tel & C5%s Pressed St! Ca Remington Ar Rem Rnd 5% Richfield Oil Sinclair Ol 6 Singlair Ofl 6 Sinklair O11 7 Sinelair Cruds Stand O1I N J 48 Stand Ol N Y 4%s. Tenn EleePowés 47 Tex Corp cv 5a 1944 Transcoatl Ol 658 Untted Drug 8863. . U S Rubdst r §s Vertientes Sug T Walworth 6s 43. 1 1 14 5 m Sales. High. 92 91 4N 85 105% 1014 2¢ 99% War Quinland 6s'39 2 &7'4 Western Elec Bs. .. 2 10275 Westn Union 5851. 14 102\ Westn Union §%s. . White Eagle 0 6%. Wick-Spen ev 1s, .. 1 3 108% 2T% WHIys-Ov 6%332.., 8 98% Wilson & Co 1st 6s. Youngstn'S & T bs. 3 1n 100% 101% RAILROAD. Atchison gen ds. ... Atch deb 4348 43 Atlantic C L 1st B & O Toledo 4s. ... Bang & Aroos 4s 51, Boston & Maine 5s. Bklyn Elev. 6%4s. .. Bklyn Manhat Buff R & Pitts 4 %s. Can Nat 4% Canada Natl Can Pac deb 4 Can Pacific ctfs Can Nor §%s. Can Nor 7s. Car Clinch Cent of Ga 55 C & Chi MIISP&Pacés?5 CMSP&Pac adjss0d Cht & NW g Gt N W 4358 2037, CRIENW 4% s 1987. 5 Chi&@NW conv 44 s 376 Chi Union Sta §s 44 Cuba Nor 5348 ets. . Del & Hud 5 4¥. Del & Hud 7s Den & Rio G cn 45, Den&R G W 4138 46 DRG & Wst 3965, Det United 4% East Tenn Va&Gabe Fla East C 74 new. . Gr Trunk st db 6: Grand Trunk 1s. Gt Nor 4%s 76 D. GiNor4%sE...... Great Northn 1st §s GreenB & W deb... Hud & Manaj & Hud & Man ref 111 Cent ref 4 Il Cent 4% s . I11-C-C-StL&NO bs. Int Rapid Trans 6s. Int Rap Tr b8 st Int & G Nor 58 1956 Int& G Int & G Nor adj 6 Int Rys C A 63%sret lowa Cent 1stbs... Kan City Ft S ¢s KanCity 53 Kansas City Kan City Term 4 Lake Shore 4s131... LehiVgen 4% 2003. Louis & Nash uni 42 Louls & Nash 7s, .. Man Ry 1st és Mill EI Ry&Lt 4%s Mil El Ry & L 58 51 M St P&SSM cn 4s. MStP&SSM bs gtd. MStP & SSM 6%s Mo Pac 6s F 77 Mo Pac 5s G 78 Mo Pac 5%s 49 cvt. Mont T'rm ref 5s 41 Nassau El 48 51 k4 222227 g 2oy Penna Gold 7s. Ppora & E inc PCC&StLbsA o [ Port BIP L6 1015, 103 984, 46 101% Reading gen 4 RIATk&L 4%s StL IM&S gn 6531, StL IM&S R&G s, StL&SFpldsA.. SILASF4Y%s18.. St L & San Frin bsy S&LA&SF gen b 31 StLS W ist4 StLS W bsb2 » SRV . o wleens an 10 1 17 .16 5 1 26 66 38 2 52 1 12 1 10 11 2 < 104" 1047 2 6% 104% 26 . 14 1008, 100% | 3 86% | ens, large, 34a35; 96 | pons, 35a40; keats, 4 | prices. |t 83 lnq lump meat at $4 a gallon. * | the samae as prices quoted yesterday. light, market steady; Fl ipped, INLARGE SUPPLY ‘Frog Shipment From New| :Orleans Meets Ready Sale at Market. Frogs, fairly large size, was the inter- esting offer -this morning of dealers in | marine products. They were from New Orleans, La., and dealers had no diffi- | culty disposing of them at from $4 to | $6 & dozen. ] Supplies of fish and oysters were ample to.meet the demand, receipts be- ing reported fairly heavy. Oyster prices this morning were the same as prices | lects and $2.35 a gallon for standards, Shell stock sold at a wide range of prices, size and quality determining Crabmeat continued scarce, supplies being reeelved from Biloxi, Miss., and Crisfleld, Md. Flake meat was quoted Fish Prices. Fillet of haddock was in demand at 23. cents a pound.- Prozen halibut and salmon were quoted at 25 cents, while Spanish mackerel, from nets in the South, were offered at 18 cents, fresh | cod heing similarly priced. | Shad and herring continued to at-| tract attention of retailers at prices lower than prices quoted last week. Roe shad were offered at 35, bucks at 30 and hearing at 10 cents a Efllnm » Black sea bass, caught in South Caro- lina waters, sold'at. 25 cents a pound, flounders from Boston selling at 18 cents. Frogen trout were qmte§ at 1212 cents. Canadian smelts were in demand at 20 cents for the small fish and 30 cents a pound for the larger ones. Dealers had some small bluefish from the South and plentiful supplies of shrimp, also from that section. Green shrimp were offered at 30 and the cooked shrimp at 65 cents a pound. Inclement weather this morning did not help increase the volume of busi- according to reports of dealers, suggest- ing that cooler weather probably sharp- ened the appetities of comsumers, ne- cessitating heavier demands on part of retailers. A steady condition of the butter and egg market was reported this morning, receipts of e8RS being a trifle lighter, but prices continued unchanged. Deal- ers anticipate lower prices in the egg market unless weather conditions be- come so severe that hauling will be in- terrupted. Receipts of fruits and vegetables by commission merchants continue heavy and attractive and were in good de- mand this morning. Hundreds of bar- rels of kale arrived here this morning from the vicinity of Norfolk, Va., quan- tities of spinach coming from nearby snd Texas growers. Kale was offered at 75 cents a bushel or $2 a barrel. Spinach, always higher than kale, sold around $1.25 and $1.50 a bushel basket. Parsnips were plenti- ful at 75 cents and $1 for two-peck baskets. Cabbage sold at $2 per 100 pounds, coming from the South, North and West, much of the new stock coming from' South Carolina and Texas. Red eabbage, not so plentiful or great demand, received from New York, sold at $2.75 and $3. Meat packers reported a fairly heavy demand for meats and meat products. Prices of most commodities were about Today's Wholesale Market—Jobbers’ Priges Slightly Higher. Butter—One-pound prints, 37!5838'%; tub, 361283715 ; store ked, 25a30. Eggs—Hennery, s | 45246; current receipts, 41a42. Poultry; alive-~Turkey, young, 30a32; old toms, 27a28; Spring chickens, large, | 28a30; medium, 28a30; ;;ou;n. 33‘33’ fowls, 27a28; Leghorns, 20a23; rooster: 20; ducks, lo\l\ll, Turkeys, ng, o ‘medium, 34a35; broil- ers, 38a40; fowls, 32a33; Leghorns, 26a 37; ducks, 28a30; roosters, 23a25; ca- 50a60. Meats—Beef, 20a22; veal, 28a30; lamb, 28a30; pork loins, 28; fresh hams, 24; fresh al::ulden, smoked hams, 25, smoked shoulders, 20; bacon, 25a26; lard, in bulk, 1215 in packages, 13} Live stock—Caives, 16; lambs, 13al4 Fruit and Vegetable Review. The daily market report on fruits and vegetables (compiled by the Market News Service Bureau of Agricultural Economics) says: ‘Apples—Supplies _ liberal; demand light, market about steady; barrels: New York, U. 8. No. 1, 2'3 inches up, Baldwins, 5.50a6.00; Washington, extra fancy medium to large size Romes, mostly 3.00; extra fancy medium to large size Staymans, 3.00a3.25; extra fancy medium size Jonathans, dead Tipe, 2.50; faney medium to large size ymans, 2.85; bushel baskets: Vir- ginia, U. 8., No. 1, 212 jnches up, Stay- mans, mostly around 2.00; unclassified, mans, 1.75a2.00, few jow as 1.50; U. 8., No. 1, 2% inches up, Yorks, 1.75, few higher; Pennsylvania, U. S., No. 1, 2}, inches up, Yorks, 1.25a 1.50; New York, unclassified, 24 inches up, McIntosh, 2.00. Cabbage—Supplies liberal; demand ;s‘gm. market éxn and slightly weaker; ew York, 100-pound sacks, Danish type, 2.00a2.15, few 2.25; South Caro- lina, 115-bushel hampers, round type, fair’ quality, 1.85a2:00; Texas, approxi- mately 100-pound net barrel crates, round type, trading slow, 4.50. Celery—Supplies light; demand light, market steady; California, crates, 6.00a 6.25; half crates, 3.00a3.25. Lettuce—Supplies moderate; demand light, market steady; Arizona, crates, Iceberg type, 4-5 dozen, 4.7505.00; Cali- fornia Imperial Valley, crates, Iceberg type, 4-5 dozen, 5.25a5:60, mostly 5.50. Onions—Supplies moderate; demand light, market steady; New York, Michi- gan and Ohio, 100-pound sacks, yellows, U. 8. No. 1, medium t> large size, 2.00a 2.15; few 2.25; Colorado, 50-pound sacks, Valencia type, U. 8.'No. 1, very large size, 1.65a1.75; large size, 1402 1.50. Potatoes—Supplies moderate; demand light, market firm; Maine, 150-pound sacks, Green Mountains, U. 8. No. 1, 4.7504.85; pound - sacks, Green Mountains, U. 8. No. 1, 3.75a3.90; New York, 150-pound sacks, round whites, U, S. No. 1, 4.50a4.65. String” beans—Supplies very light; demand light, market slightly stronger Florida, bushel hampers, green, flat, fair quality and condition, 3.50; few 4 o pplies very light; demand ida, pepper crates, white, Wwraj Seab AL ref 45 Seab A L 43 sta eab AL con B BAILFIWSs35 A, SouPacalt 48 Sou Pacrefds. . Sou Pac 4% rets, .. Sou Pac 6% 569 ww Sou Ry gen 4s..... 1 Tol Tr L&P 53830, Union Pac 4s 68 Union Pac 1st Un Pac 1strf 4 Union Pac ¢ % Un Pac 1st ref Virginia ;Y 1s Whash 5% 75 1 West Maryland 4s.% 57 quoted last week, $2.60 a gallon for se- | pel ness. Business was fairly good, however, | ba Dressed—' 32a33; Spring chick- § Corporation News NEW YORK, January 16.—The fol- lowing is today’s summary of impor- tant ion news, prepared Standard Statistics Co., Inc., New York, for the Associated Press. News Trend. Labor Department index for Decems ber indicates to some extent the fur- ther degree of recession in Industry during that month, index for the month declining 2 per cent, as compared with November. Employment in manufac- turing industries decreased 3.1 per cent, as compared with November, while in- creases in employment were shown in nine industries. Shipbuilding, with a gain of 4.2 per cent, was the only ma- jor industry to show a sizable increase. Index for the full year of 1929 for all industries was 3.9 per cent above 1928 and 1.1/per cent higher than 1927. In- dex of earnings for the year 1929 was 6.2 per cent above level of 1928 and 4 r cent over 1927. Compared with De- cember, 1928, the automobile industry showed the outstanding decline, em- ployment index showing decrease of 6.4 m cent. A her step to curtail preduction of crude oil and correct the statistical position of the industry was taken yes- terday. Prices of crude oil were cut 18 to 41 cents a barrel by several Texas producers, The Cempanies. Bangor & Aroostook 1929 earnings estimated at $8.25 a common share by president, against $6.94 in 1928. Best & Co. opens second suburban store at Mamaroneck, N. ¥. Bunte Bros. declares dividend of $1 on_common stock. Chrysler Col tion stoekholders ,000 on January 15, numbered over 1930. Creamery Package Manufacturing earned $3.63 in fiscal year to November 30, 1929, against $2.69 in previous fiseal period. . Electric. Shareholdings declares stock dividend of 1 per eent and regular quar- terly dividend of 25 cents on ccmmon stock. Ford Metor Co. of Canada shipments year 1929 totaled 87,504 units, up 16 per cent from 1928. Humble Oil & Refining reduces prices Texas light crude and both grades of coastal crude oils from 25 to 41 cents a rrel. - Martin-Parry ation shows loss of $85,255 in quarter to November 30, 1929, against loss $37,653 in like 1028 quarter. A. G. McKee & Co. preliminary earn- ings on class B stock in year 1 $7.04, against $4.69 in 1928. Niagara Hudson Power 1928 output totaled .6,875,133,336 kilowatt hours, 8.6 per cent above 1928 output. Noblitt Sparks Industries earned $8.54 in 11 months ta November 30, 1929, against $3.3¢ in same 1928 period om common stock. - Owens-Illinois Qlass declares, dividend of $1 on comrhon stock. Pittsburgh Plate Glass acquires W. J. Schoonover Glass Co. of Scranton, Pa. securities held.: $3,067,169. Richfield Oil receives additional con- tracts from Government for 480,000 gal~ lons aviation gaseline. Southern Ice & Utilities earned 38 cents Insiaocll ':u’; to, Ocut)abqt 31, 1929, against 50 ‘cen previqus yegr on_common' stock. ‘Standard Oil of New Jersey to form new FPrench. company in conjunction with Atlantic ing and Gulf Oll Corporation; Standard to hold 60 per cent, of stock. Company, regoned plan- ning to consolidate Venezuelan interests, has acquired additional B stock of Cre- ole :tamleum. which it already con- troll TREASURY CERTIFICATES. ' (Reported by J. & W. Seligman & Co. te—-Maturity 7. 1 00 8-32 1 1008-32 | 100 18-32 100 18-32 | a0 9o ae-m 98 10-; “"P’v‘o‘lml:“ deed of trust en 99 10-. interest snd .":: 1. Weller. 51,7735 ' 5 W' TRUSTEED SHARES o e sAPEIY. 8 i e s vestments ~ for _indtvid trust nds and funds of organizations. Sold in Lots—$100.00 Up Calt or Write Standard Collateral Shares Corporation Woodward Bullding. ~ Mt 8188, WE WILL SELL 100 Shares All or Part COMMERCIAL NATIONAL CO. Preferred—Par $100 At 821 We Buy and Sell Local Stocks and Bonds CAPITAL CITY CO. Washington Bldg. Phone District 8291.8292 : Und‘aniun.-Dinfl'bwon INVESTMENT SECURITIES WasniNGToN Ovrlél 737 15th Street N. W, Telephone, National so33 Marx Orrics » Batrimi D. C. THURSDAY, JANUARY 16, 1930. COAL OUTPUT GAINS REPORTED FOR YEAR by | Trade Journal Also Notes Strength- ening of Price Levels in 1929. By the Associated Press. NEW YORK, January 16—In a year markets of the country in 1929 were an increase in the total production and a marked st in price levels in the last quarter, according to Coal Age. ‘Total pi ction for the year was es- timated at 525,358,000 tons, an increase of 24,613,000 tons, or 4.9 per cent, over 1928. This increase, due n large meas- ure to the greater use of fuel by electric utilities, railroads and steel plants, is the more noteworthy, the publication states, in that it was made in the face of in- cre: tion from 'natural gas and a decline in the reserves in storage. The 1929 output was the largest since 1926, when 673,367,000 tons were mined. ction on the whole, was undis- turbed by labor troubles and was in- fluenced only by the usual seasonal fluctuations in demand and, in some cases, shifts in tonnage.. Prices moved in a compartively limited range, but closed markedly stronger in most of the principal markets. Spot prices for the country as a whole Councilor & Bauchanan Certiffed Publle Accountants Wm. Gerdon Buchanan Tower Bullding National 6110-6111-6213 _(Telephone Directary Omisaion) REAL ESTATE LOANS Magde at Low Interest Rates TYLER & RUTHERFORD Advantages ineident to direet representation 1520 K St. NN\W. National 0478 INVESTMENT SALESMEN SALESMEN who are willl to" Work can_ find in ot en W experignce in sell- ial Toan securiti but. not essential First Mortgage Loans " Applications Javind Glover & Flather 1508 H St. NW. National 1753 s i FINANCIAL. dropped to an average of $1.755, the low- est figure since 1016. In the third quarter they rose to $1.77, and in the fourth to $1.88, the highest level of any in the two-year 'Kflod. 1928- This average marks first defi- nite upturn in .n“nr:nuiva decline ex- tending from 1923, with the exception of a slight increase in 1926. Movement to the lakes continued to be one of the steadlest and most dependa- ble factors in the trade last year. Ship- ments of cargo coal for the season end- ing December 31, were 37,933,249 net successful National 2100. Service 1508 H_STREET SHINGTON, D. C. Columbia Building Association Pays 5% 20 Years' Successful Business Without the Loss of a Dime ‘v.—-. $1 or More Will Start Your Thrift Account See Us When You Want a Real Estate Loan —tom— (Under Governmens Supervision) 716 11th St N.W. Associate Member New York Curb Exchange. -, during the fizst six months of 1920 | tons, as combared with 33,402,131 in 1928 4 ‘The year 1939 marked the first defi- nite stop in the progressive check in an- thracite ‘tion since 1926. Es! b Airplane Operations. £ NEW YORK, January 16 (P)—The rd Mot s = ‘was reported teday, Tesume capacity operations its airplane manufacturing division. More than a third of a century’s experience Apartment Management We bring specialized experience to the management house property placed in our: charge. B. F. SAUL CO., .of apartment 925 15th St. NNW. . Management Compounded Semi-Annually - Mackubin, Goodrich & Co. . J Bankers ) . Members New York Stock Bxchasgé Baltimore Stock Exchange Private wires and telephones to principal markets 111 EAST REDWOOQD. STREET " BALTIMORE, MD. \ In 1808 BUFEALO GRASS SWARTZELL, RHEEM anpo HENSEY co. MORTGAGE BANKERS 727 +9 STREET" N.W. WASHINGTON D.C MERICA’S boom ‘trade in 4 shipping had just been hit 2 gevere blow. Napoleon was at war with Great Britain. and the fighting nations had de- clared blockades . . . so the busy traders of ‘the young Uhnited States were forced to - turn away from the sea. But ahead of them stretched a limitless empire—the Louisi- ana Purchase, endless miles of virgin seil to be tilled — then supporting enly tough “buffaio grass.” There was land ., . . country to he developed . . . opportunity! Thus began the great west- ward trek—settlement of huge land areas, America’s real her- itage. Money and resources, poured into the “buffalo grass country,” inaugurated the na- tion’s real growth. Land values always have guided this coun- try’s prosperity . . . and invest. ments based on this sturdy foundation have produced steady, unfailing returns. That is why the excellent 6 per cent First Mortgage Notes sold through Swartzell, Rheem & Hensey Company have ever vielded assured, handsome in- comes without worry to the in- vestor, America is returning to nermal investment policies. Instead of feverish speculation, our peo- ple today—like the founders of this Nation’s wnl!h.‘fi‘nd in_ the stable values of improved properties the surest means to profitable invest- ment. Let’s get to work—and place our spare funds where they will earn for us without worry or jeopardy. 120 . West Md 5%s 77 2 4% 94 ' West Pacifc §s. StP & KCShL 4345, % 9 105% 105% St P Un Dep bs. Phila Co b8 . * Phila& Read 6849, 16 93 157 981, 984 98l 92% 98