Evening Star Newspaper, January 17, 1930, Page 13

FINANCIAL, Money to Loan Councilor & Buchanan Certified Publie Accountants ‘Wm. Gordon Buchanan Tower Bullding National 6110-6111-6213 (Telephone Directory Omission) Real Estate Investments JAMES Y, PENNEBAKER Nat5201 1520K St.N.W. First Trust Notes Now Available JAMES F. SHEA 643 Louisiana Ave. N.W. INVESTMENT SALESMEN SALESMEN who are willing to work can find in our or- ganization an opportunity to uild & substantial earning on preferred, but not essential. Apply— Bonded Finance Company 941 Equitable Building 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 Loam Correspondent New York Life Insurance Co, We Invite Applications for FIRST TRUST LOANS on Improved Property ANDFHE DISTRICE OF CoLUMBIA Perlods of 3, § or 10 Years BOSS=MELpS B, Joq mfreeHeulmg ur Neighbor Does Irumllcd in One Day No Discomfort Terms to Suit You! Washington Gas L,iiht Company ouse Heating Dept. National 8280 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 Wash. Rwy. & Elec: 4s. | Merchants: IN QUIET MARKET Market Weakens in Sym- pathy With Decline in Stocks. BY F. H. RICHARDSON. Special Dispatch to The Sta NEW YORK, January 17.—After a higher opening, bond prices sagged to- day in quiet trading. The early rise, attributed to overnight orders mostly for foreign account, lasted barely an hour. Then the stock market weakened and convertibles dropped with it. Mort- gage bonds were irregular after the re- action. ‘Today the Stock Exchange put in force the upward revision of commis- sions on bond sales. It calls for $2.50 on each $1,000 par value bond on a non-member transaction; $1.25 for member clearances, and 75 cents for member give-ups. To the increase was blamed some of the dropping off in volume after the fairly heavy total dur- ing the first hour. The selling had its most uniform effect in the prime list, influencing Baltimore & Ohio first 4s, Canadian National 5s, Canadian Pacific 4s, St. Louls-San Francisco “A” 4s, Union Pa- cific first 4s, Great Northern 7s, Phila- delphia Co. 5s, Utilities Power & Light i‘;s and New York Telephone General s. Few issues made any headway against the general trend. Pennsylvania gen- eral 4155, Duquesne Light 414s, Colum- bia Gas 5s and the new 5 per cent issue of the American Telephone & Tele- graph Co, made slight gains. United States Government bonds were quiet; Liberty fourth 4'4s were strong. Convertibles, . especially those of the American and international telephone companies, returned to activity at lower prices. International - Telephone 4148 dropped nearly 4 points. THE EVENING STAR, WASHINGTON, D. O, FRIDAY. JANUARY 17, 198 - BOND PRICES SA | o= o wonx BONDS e semwx] |MARINE PRODUCTS elved by Private Wire Direct to Th um'rsb STATES. (Saled ure i $L.000.) Sales. High 5 9910 30 100 21 Low 99 10 10018 100 31 9911 103 26 106 30 110 20 Lib3ks. Libist 4% Lib 4th u/.' 9(; )g; ?1 3%s 4 L H * 410326 9 106 30 6 110 30 FOREIGN. Sales. High, Argentine5%s62.. 1 Argentine May 61.. Argentine 6sJu69. 6 Argentine 6s Oct 59 fi 98 9774 978 98 Belgium 7s 1956 Belgium 7s 1956 Canada 6s 1931, Canada 531952, Chile 63 60 Chile 6s 61 Chile 75 1943 Colombia 6s Jan 61. Con Pow Japan 7s Copenhagen 43 53. Copenhagen bs ct. Danish Munie Danish Munic 88 B. 10 Denmark 4% . mark 58 55. Denmark 6s. Dutch East I 4 Dutch East I 63 62. El Salvador 85 48. . Fiat 7s ex war 46. Finland 6%s. Finland 7s. .. 20 19 “4 Junior rail descriptions had fraction- al declines, Florida East Coast 4148 dropped a fraction to a new fow. Chi- cago & Great Western 4s; Internation- al Great Northern adjustments and Atlantic, Gulf & West Indies 55 ad- vances. Speculative bonds were active. American Natural Gas 6l3s declined 3 points and Fisk 8s were off nearly 2 points. Anglo Chilean Nitrate 7s and Hudson Coal 5s both gained a point. Dodge Bros. 6s, Armour of Delaware 5328, Goodyear 55 and United States Rubber 5s were higher. Foreigns fluctuated irregularly. South Americans were firm wl?{‘ the excep- tion of Braszilian loa: French bonds were dull and Belgi strong. Washington—stock Exchange SALES. Commercial National Bank-—10 at 250. F‘td:!‘;‘zAmericln National Bank—10 a < Mergenthaler Linotype—20 at 106!, 10 at 106z, 10 at 10614, 15 at 1062, 30 at 1066 National Mue.‘& Inv. pfd.—50 at 47, 100 at 47, People's Drug Storés pfd.—5 at 104, 10 at 104, 3 at 104. AFTER CALL. Capital Traction 55—8$1,000 at 927%. | Potomac Electric 6% pfd.—5 at 111, § at 111, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Georgetown Gas_1st 85, . Potomac Elec. Cons, 5% omac Elec. €5 1953. Vasho Alex- & M1 Wamn, Balto, & gt 5. serles Wash. Gas s, series B Mxmx,umzovs Barber & Ross, Cham -vandersit Hote, Gheyy' Chase Club 57zs. Paper M{g. r BotC sane Bock Lo B Wasn. Mkt Cold Storags & Wash. Cons. Title 6s. PUBLIC UTILITY. American Tel & Telg Capital Tracti Washinston Gas 'L orfolk & Wash. Steamboa Botamae EILCIrIE 677 prd. Potomac Electric 873 pf Washington Rws. & Elec: c Washington Rwy & Eiec. pfe Wash., Balt. & Annap. com.... Wash., Ba nap. pfd... NATIONAL BANK. 11 Second " B Nt National Bank of ‘Washington. . TRUST COMPANY. American Security & Trust Co.. Continental Unipn Trust. Washington Loan & Trusi SAVINGS BANK. Bank of Bethesdn. iny Columbia Title Real Estate Title Title & Inv. of Md.' com.. Barber & Ross, Inc., com Chevy Chase Dairy pfd Columbia 8and & Gravei pid D. C. Mig. pid Federal-American pfd. Lanston Monotype Merchants’ Tri & 8to Mergenthaler levtynf Natl. Mlfi!. Inv. ptd. ... . Security Stor: @ ‘nr Rel & %lhr Cnrn " thee wash: Meeh Mise, con; Woadward & Lathrop i *Ex dividend SHORT-TERM SECUMTIES (Reported by J. & W. Seligman & Co.) Allis-Chalmers Co. 5 103 37, oo °1'J|" uminum mer. 85 % 1024 Amer 'Roiling Sl hmgr. 31,1088 101% 13 e 4las 194277 8"Toa7 Seseessssss 33033 l’hllllbl Pel C o1 Corp. Shell vnéun Biu’d 3 1617 Framerican 7%s French 7s French T%s. German Bank 6s'3. German E1P 6%s German 7s. Ger Gen Elec 7 Greek 631963. .. Hungary 7%s.. Mex 45 1904 asnd. Milan 6%s. Montevideo T New So Wal Nord 6%s. Norway 55 1963. Norway 5%s. . Norway 6s 1943, Norway 6s 1944 Norway 6%s 1952 Orfent dev 5% Paris-Ly-Med 6s. Paris-Ly-Med 7s Paris Orleans 5%s Peru 63 1960 Peru 65 1961. Rome 614s. Sao Paulo 8s 193 Sao Paulo 1950 Saxon (PW) 7s. Seine 78 42.. Serbs Cr Slov Serbs Crot Slo 8s. . . Swiss Confed 8s. Toho El Pow Toklo 538 1961. ... Utd Kingm §%s 37. - Uruguay 6s 1960 Vienna 6s 52. . Warsaw 75 53. Yokohama 6s. MISCELLANEOUS. Abram&Straus5%s 9 99 081 Alleghany Cp bs 44. 13 100% Alleghany 58 49, 10 99% Am Chain 6s 83, AmChem 5%s v 4! Am Int Cor 5% s 49 AmT & T 58 65 wi. 285 Am T&T cv4%sl9 728 Am Tel & Tel 6%.. Am Water Wks Armour&Co 4% Atl Gulf 58 69. . Atlantic Refin § Bell Tel PabsC.... Bethiehm Stl pm 68 Beth Steel rf bi Bet Steel 5% b Bethlehem Steel 6 Certn-Td 5%s rcts. Chile Copper bs. Colon Ofl 68 38, Col G&EI b5 May 62 Com Invest 5348 49, Com Invest 65°48,. Con Coal Md b ConGasN Y 5% Consumers Pow Cuban Am Suj Den Gas 5s Det Edison Y Fisk Rub 8, Gen Cable 538 47 Gen Mot Ac Cor Goodrich 6%s Goodyear s rets. Hoe & Co 6%s Humble O & R § Humble O &R 5% T11 Bell Tel 6 111 Steel 4% o,., £ Sia » seSpnie SavlvavaaBaRnnann Int Paper 65 47. Inter Paper 6s... Int Tel & Tel 4%s. Int Tel&Tel 4348 ¢ 118! Kan City P& Lt § Kan G & Eés 52 Laclede 5s . Laclede G 5% s §2 Midvale St Montana Pow 43, Co 1st 4%s 2 CPPESTISPRNP 1Y £ Ni 2 New England Tel 5 4 NYTeld%s .22 1 N Y Tel 68 ll. No Am Ed 5%s 62." Nor Ohio Tr&L . Nor States Pow §: 11 17 1 lo‘l/l 28 1943. 10; Wheeling Steel Corp. 1953. 87% 1,000-Car Purchase Ordered. NEW YORK, January 17 (#).—Di- rectors of the Chlcuo Yellow Cab Co. have authorized Eurc o( XM)O Nor States Pow 6s. 4 PacificGas& El 6s. 6 Paramount 85 1947. 16 Pathe Exchange 7s. 7 Phila Co 6s 67 .23 9 Phila & lau l- 0. 2 tHitps Petre 892 £ 119% /7% 91 107% 102 81 100% 7% 8814 105 7% 101% 108% 1084 108 89 103% 1054 1001 7315 74 76 84% 5% 92 4 104% 108 8% 9315 8% 100% 9214 93 1084 1% 884 100% 10314 107 104% 55 95 75 9914 85 9314 61 106 103% 10514 91 kid 100% 101% 103 102 92 95 8814 B8 9314 120 104 105 100 108% 71 102% 98Y 93 1% 21 Sales. High. Postal Tel&C5%s 16 Pressed Sti Car b 1 Punta Alegre 7 Rem Rnd 6% Richfield Ofl Sinclair Crude 6% Sin Pipe Line & Skelly Ol 5% 8 South Bell Tel §s. . Southwest Bell b Stand OII N J 46 Sug Es Orlent 7 Tenn Copper 6s 41.. Tex Corp cv 58 1944 65 Sales. Transcontl Ol 6148 U S Rub 1st rf b8, 2 Utllities Pow b3%s. Vertientes Sug 7s.. Walworth 6s 45.... Westn Union 65 51. Westn Union 6%s.. White Eagle O 5. White Sew Mach Willys-Ov 6%s Wilson & Co 1st 6s. Win Repeat Ar 7148 YoungstnS&T5s. 1 2 6 34 6 13 86% 108 108% 103 4% 9814 100% 101% 101 lAILRQAD. Ann Arbor 4s. Atl & Dan 24 4s 48... Atlantic CL 48 B & O Gold B&Orfimp 6s. B&OSW 6850 Bang & Aroos 43 51. Boston & Maine 5. » PN ANN AN INA B oaN® Can Nat4%s 30, Can Nat4%s b4, Can Nat 434887, Can Nat 4%s68... Canada Natl 68.... Can Nor 6348 Can Nor 7s. Can Pac deb 4 Can Nor 4%s 1935, Can Pacific ctfs§ Canada Sou b Car Clin & O Centof Ga§sC6 Cent Pac Cent Pac 1st 53 90.. 13 Ches & O Corpn bs. 8 Ches & O gen 4%4s.. 16 Ches &0 4%8 93 A. 27 T6% 9314 130% 54 Ch & O 4%s wi 1995132 1 Ches & O con 5s.... Chi & Alton 3%s... 21 Chi & Alt 3%s ctfs. Chi B&Q gen 48 53.. CB&Qistrebs... 1 Chi&E 111 gn 68 61. ChiGt West 45 69.. CM&StP Gen 89, ChiM&StP4%sC89. Chi MiISP&Pacbs76 CMSP&Pacadj5s03 Chi N W 4182037, Chi&NW 435 1987, Chi&NW conv 4%, Chi & NW ref & Chi& NW 6%s. ChStPM&O Chi T H. b Chi T H ine Chi Un Sta 4 C&WI15%862.... CCCA&StL deb 4%4s. Clev Term 6% Colo & Sou 4% Cuba R R bs. Del & Hud1st rf és. Del & Hud 5%s.... Del & Hud 78 30.... Den&R G W 4148 36 DRG & Wst 5865, Erle 1st cons 4s.... Erie conv 48 B. Erie Gen 4s. Eriecv bs 67. Erie (Pa) cit tr 4 Gr Trink st db Grand Trunk T Gt Nor gen 7s. Green B & Wdeb .. Hud & Man ref §s.. 111 Cent 4s 63 1iICent 4% s 111-C-C-StL&NO bs. Int Rapid Trans 6s. Int Rap Tr 6s stpd. o W AND HNANNBINNDG B NBDN KIBO. SNABD ANHRND-LANDRDD AR I NBE D e » Int & G Nor adj Int Rys C A 58, Int RysC A 6}sret Kan City FtSds... Kansas City 8 58 Kan City Term 4 Lake Shore 4s31... Leh{Vgen 414 2008. Lehigh Valley 58 20 Long Is deb bs. . Long Is 58 37... TLouls & Nash uni 4 Louis & Nash 5%s. Louis & Nash 7s... Man Ry 18t 48 90. .. Market St 78 40. Mil El R™& L 65 61 MK&Tprin Mo Pacific gen 4i Mo Pac 5s F* 17 Mo Pac 58 G 7 Mo Pac 5%s 49 NOTex&MEsB.. NYT&MGb%s. N Y Cen gen 3% NYCrfim4%s N Y Cen rf bs. N Y Cent deb 6 NYC&StLdebds NYC&StL4%sC NYC&StLEWSA NYC&!!L&%AIB PeBONDRBR NN =EN BUD BHANHAN O AR AN BB R =3 » » Norfolk & W cn 4s.. Nor Pac 38 2027.... Nor Pac 4s. ‘Nor Pac 6s D Nor Pac rf Penna 4s 194! Penna con 4% Penna oY) 31 Penna 614 Penna Gold 7 . Pere Mar 1st 48 66. Pere Marq 1st 65 PCC&StL6sA... PCC&StLEsBT5 Port EIPL 6s. Port RL & P o8 43. Port RL P 6847 Reading gen 4%s A Rio G W 1st 4s. Rio G West ¢l 48 RIArk&L4%s StL IM&S gn 5831 StL IM&S R&G Bawmn ~nal noawnens » St P Un Dep bt SeabA L dssta.... Seab AL ad) 5s 49, Seab AL con és. S B All Fla 6535 A. » CnunBhmmwaaoacn z... Sou Ry 8Sou Ry Term Asso 8 L Tex Ark FS 6%s - @ 105% 9% 95% 107% 10615 Low. 94 100% Close. 9414 45% 97% 100% . Low. Close. 99% 84 100% 99 88 60 861 99% 84 100% 99 88 60 86% : 100 9814 108'5 9615 1025 101% “101% 8214 8% 91% 821 8% 91% 113% Wil Ctnl sndsdd.. INBETTER DEMAND Dealers Protect Fruits and Vegetables Against Advent of Freezing Weather. several degrees below freezing, com- mission merchants and dealers on the farmers’ line this morning found it necessary to resort to protective meas- ures to insure against losses. Frults and vegetables were the com- modities in need of protection, haulers saying their supplies of eggs would stand much more severe weather before freez- ing Dealers at Municipal Fish Market and in scatteréd wholesale houses hand- ling marine products, as well as meat dealers, weicomed the change in weather, according to their statéments, although the freezing of fish made them appear less attractive. Fish and .Egg Demand. Marine products and eggs were both in fairly good demand this morning, dealers having ample supplies of bo commodities’ to more than demands at prices which prevailed yes— terday. “One result of the colder weather,” observed a dealer, “is an increased de- mand for oysters, cold weather invari- ably increasing the demand.” Shucked stock, received from points on the Chesapeake Bay, Potomac River and tributaries, some of .the more at- tractive supplies coming from Solomons Island, met a good:. aemand. Selects) sold at $2.50, standards bringing $2.30 a gallon. Dealers reported receipt of some fine quality shell stock from various peints. Many of them were from the lower Potomac and the vicinity of Norfolk, others having come from .shippers along l:the east coast of Maryland and Virginia. ' There were plentiful supplies of both fresh and frozen fish. to offer the’retail trade. Receipts of fish from the netters operating in creeks along the Potomac below Alexandria were smaller than early in the week, the demand for them also being small. Crabmeat, in fair demand for salads and deviling, was not so plentiful, but dealers had plentiful ‘supplies of both green and cocked shrimp to offer at 30 and 60 cents & pound. No changes in butter, eggs and meats were reported this morning, the cold ‘weather probably serving -to .continue eggs at prices quoted yesterday. Dealers had anticipated a further decrease in prlm but hardly expect such decrease terialize unti warmer weather relurns Commission merchants continued with plentiful supplies of frufts and vegeta- bles, which were offered at prices quoted the past few days, greens, as spinach and kale are termed. being'in demand. Apples continue plentiful and cheap, dealers reported this morning, increased quantities of fancy 'box',stock . having been received from Yakima, Wash., yes- terday. Shenandoah Valley, Va., growers continued to send large shipments of the fruit to local dealers, the cheapest being offered around $1.25 a bushel. It was reported by déalers in all commodities that prices this morning were substantially the same as prices quoted yesterday. - Today's Wholesale erkfl—-lebben‘ Prices Slightly Higher. Butter—One-pound prints, 371,a3814 ; tub, 36'2a3712; store packed, 25a30. Eggs—Hennery, 48a50;" lruh selected, 45246 current receipts; 41a4: Poultry, alive—Turkey, youn(. 30a3: old wml 27a28; Spring chickens, la 28a30; medium, 28a30; broilers, 32a3. fowls, 27a28; 20; ducks, 15al8. keys, young, 36a38; old, 32a33; SDl’l.nfl chickens, large, 34a35; medium, 34a35; broilers, 38a40; fowls, 32a33; Lelhoms 0; roosters, 23a25; keats, 50n60. Meats—Beef, 20222 veal, 28a30; lamb, 28a30; pork loins, 28; fresh ha 24; fresh shoulders, 22; smoked hams, 3 bacon, 25a 26: 123 in packages, Live stock—Calves; 16; lambs, 13a14. Fruit and Vegetable Review. The daily market report on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural Economics, says. Sales to jobberl except when other- wise roted. mrplps-—supfilwl liberal: demand lerate, market steady. Barrels: No sales reported. Boxes: Washington, ex- tra fancy medium to large size Deli- clous, 3.75a4.00; extra fancy ljum to large size Staymans, 3.00a3.25; fancy medium to large size Staymans, 2.85. Bushe} baskets: Virginia, U. 8. No. 1, 2! inches up, Staymans, mostly around 2.00; unclassified, 2% inches up, Stay- mans, 1.75a2.00; few low as 1.50; U. 8. N 2% inches up, Yorks, 1.75; few hlgher Pennsylvania, U. 8. inches up, Yorks, 1.25a1.50. Cabbage — Supplies liberal; demand light, market steady; New York, 100 pound sacks Danish type, 2.00a2.15; few 2.25; South Carolina, 1l5-bushel hampers round type, fair quality, 1.85a 2.00; Texas, approximately 100 pounds net, barrel crates, round 'ype, trading slow, 4.50, Celery—Supplies light; demand light, market steady: California, crates, 6.00a 16.25; !5 crates, 3.00a3.25. Lettuce—Supplies moderat light, market steady; Arizon: Iceberg v.y‘?e. 4-5 dozen, 4.75a5.00; few low as 4.5 -dogen, 3.7584.00; few low as’ 3.50; California, Imperial Valley, crates, Iceberg type, 4-5 dozen, 5.25a 5.50, mostly 5.50. Onions—Supplies moderate; demand light, market steady; New York, Michi- gan and Ohio, 100-pound sacks, yel- lows, U, 8. No. 1, medium to large size, 2.00a2.15; few 2.25; Colorado, 59 pound sacks, Valencia type, U. 5. No.'1, very ln;n size, 1.65a1.75;: large size, 1.40a 1 Potatoes—Supplies moderate: demand lllhl market firm; Maine, 150-pound Green Mountains, U. 8. No. 1, 4!5! .00; New York, 150-pound sacks, round whites, U. S. No. 1, 4. .75, Sweet Potatoes—Supplies moderate; demand light, market slightly weaker; Eastern Shore, bushel hampers, yellows, No. 1, ‘Tennessee, bushel hampers, N!.ncy Halls, No. 1, few slightly decayed, 1.40a1.65. String Beans—Supplies light; demand moderate, market steady; Florida, bush- el hampers, green refugees, 3. flats, coarse ordinary quality, 3.0083.2! -bushel hampers, green best, 2.75a 3.00; poorer low as 2.00. Eggplant—Supplies very light; Flori- |d. pepper orates, fancy, 5.50; choice, 4.50a5.00. Squash—Supplies light; demand light, market steady; Florida, })e 'pper: el'lm whm wupped large size, few salés, 2.50. ‘amatoes—Supplies light; demlnd light market slightly weaker; unknown origim, repacked threes, ripe-wrapped, :t‘:xoc.y‘ 5emutm 5.25a5.50; - choice. count, st.rnwben-ln—sugzlles light; demand Sales. Hish. Low. Olo Tetas & Pacific 1st. 10 1075 1075 1070 Tex&PacssB1977 5100 100 100 Tex& Pae 65 C79.. 10 100 100 100 TolStL&W4s60. 2 91% 914 91% Tol Tr LAP 5%830. 2 1004 1004 2004 Unlon Pac 1at 4s... 26 941 93 Union Pac4s68,... 2 8 e Un Pac istrf L1 o90% Union Pac 438 67.. 13 e Un Pacistrefbs... 2 1 Virginia Ry 1st b capons, 35a4( No. 1, 25 108 1 mlv/. 108% 108% VYRy&Pss 3 100% 1004 100% Whash 4%48 78 rcts R 90% 90% 90% Wabash 1st b + 13 101% 108% 101% Whash8%a6..... "4 1080 1084 m} 1 8ox WQ l)ld( 87700, L “'/' 4 82w 82% With the thermometer registering | lllh'-. mlrht nofldn. 32-quart Sondo por uart ties, freight I'Qflpm 40a¢ & ‘Oranges—Supplies llbenl demnnd light, market steady; Florida, boxes No. [ ¥ , 4.25a4. 50 N 2 medium size, 4:0084.25; mostly 4.00;-large size, 2545 discount. ‘Crapefruit—Supplies moderate; de- mand light, market about steady; Flor- ida, boxes, No. 1, 4.50a4.75; No. 2, me- i dium:size, mostly 4.00; few 4.25. Corporation News NEW YORK, January 17.—The fol- lowing is today's summary of important corporation news, prepared by Standard Statistics Co.. Inc., New York, for the Associated Press. 5 b News Trend. Index or wholesale commodity prlm {for the week of January 14 registered a further decrease and dropped to the lowest level in five years, Average of all commodities stood at 1398, .a de- crease of 0.4 points from previous week and 7.1 points below a year ago. The farm products group declined 0.4 points from a week ago, while the food prod- ucts group declined 19 points. New lows were recorded for cotton - goods, yarns and silk, index for -textiles prod- ucts declining to the lowest point in five years. Fuel was the only group to register an increase over the previous week. A further step toward correction of excess production in-the eopper indus- try was taken by the Anaconda- Copper Mtnlng €o. in the closing down of two 18 108 more mines. The Companies, Anaconda Copper Mining shuts down 1 and Anaconda mines. Anglo-American Oil stockholders de- posit sufficient shares to assure merger with supdnd Oil of New Jersey sub- sidiary. lidated Retail Stores December, 1929, salés u;‘. 26.1 per cent; 12 months’ saléd up 16.6'per cent over 1928. Continental Insurance éarned ‘$5.66 for year 1929, based on 1,942,099 shares; vs. $8.21 in year 1928, based on $1,500,- 000 shares. Electric Auto-Lite to supply Ford Mo- tor Co. with all starting,and lighting sets. Ely-Walker Dry Goods earned $3.82 in year to November 30, 1929, vs. $3.37 in_previous fiscal year. mer Richards Co. passes preferred quarterly+ dividend of 50 -cents on $2 perferred stock. Erie Railroad segregates coal proper- tles, offering stockholders rights to shares-in new tompany in ratio of one share new:company at $20 for ever two shares of Erle common or preferred shares held. - Hudson & Manhattan Railroad earned $4.96 in year 1920 vs. $4.20 in 1928. International Mercantile Marine de- clares initial'dividend of $1 on common stotk. Indicated 1929 net income )fllezd at $2,400,000 vs. $735743- in ori Johmon Motor: receives order for 33, 800 ‘outboard: motors; retail value, §7,- ,000. 5 Kimberly Clark Corporation earnin for year 1929 estimated at $6 vs. $4. in 1928 National Family Stores acquires Qual- ity Stores, Inc., operating three stores in Northern New York and Connecticut. c&mpmyn chain now ° numbers . 78 res. Remington-Rand extends to Novem- stock -at $55 attached to 51 per cent debenture bonds. Privilege had expired November 1, 1929. Sally Frocks total sales year 1929, in- cluding wholesale, $4,170,795, against $2.925,100 in 1928. Forty stores in oper=~ :;.\m at end of 1929, against 20 at close 1928, Sinclair Consolidated Ofl merger ne- -gotiations pendlna \1&!‘; Prnlrle oil & 'Gas Co; and Rio 8 legel May, Stern 3 suec year up u per cent froin 1928. il of New. Jersey, through subsidiar ! nducec prige of crude oil An jahoma and Kansas from 19 to 41 cents & parrel. ¢ United Corpomuon earned 49 cents on common stock in periodl January 7 to_December 3F, 1929. United Gas extends until January 31, 1930, time for exchange of ‘one share of United common for each two shares of Hudson Gulf Gas common stoc! ” Wextark Radio Stores sales year 1029 up 12.3 per cent. EMPLOYMENT DECREASE ' . BALTIMORE, January 17.—There was a decrease of 1.8 per cent in em- ployment in selected manufacturing in- dustries. in Maryland from November o Deccmbm 1929, . ucotdlnz to a re- port of Dr. J. Knox Insley, Maryland mmmi‘l!nne’f “of labor lnd statistics. There was, furthermore, a decrease of 1.5 per cent in the amount of com- bined pay rolls for the period reported. Four of the 15 major groups included in the report showed increases in em- yment, from November to December. Oof the 278 establishmenits for which operating time was reported 3 factories INTERNATIONAL PAPER an Ia: 0 The d of Directors ha: clared a Tezular quarterly di nts (80c) & sha O e Gempany: (pes: ¥ 130, 'To" olwas A Gomenon Stocknol of vecord'at the close of business on fuapy lst 103 | Ohecks to” be ma Transfer Books %ill not cl Boston. Mass.. January 8th. MONEY TO LOAN . On Local Real Estate 6% & 615% INTEREST LINKINS ' CO. Established 1886 1733 De Sales Street - Decatur 2500° Investment Securities Real Values, Inviting Income Courtln\d ixon National 1926 ENTERPRISE SERIAL BUILDING = ASSOCIATION 7th St..& La. Ave. NW. 63rd Issue of Stock Now Open for Subscription Shares of Stock, $1.00 Each Plylble Monlhly James E. Cmmelly James F. Shea President Secretary V irst Mortgage Loans In Aflin County lnd Abratarn, Vi Commonwealth ~lnvmment Co., Inc. 806 15tH, St. N.W. Phone National 2623 open| for ml‘nlelpll lnd other high-gra bonds to and' investors. D. H. Moore 734 Southern Building m Waghington, D. C; - . PINANCI in operation. Of the: remain- mg z'u 169 were running on a normal full;times basis, 41 were working: over-. time and 66 were working on’& part- time schedule. Employment in a grou] tetail de- partment stores showed increase of 17.1 per cent from November to Decem- ber, 1929, and the amount of combined pay rolls & gain of 13.5 per cent. Em- loyment in retail department stores E‘l December, 1929, however, was 10.6 A-13 B Cont lower thin. it had bier} in Reports. from-a small groi le- !?l!l?ubllshm:ng 1ndlt]&!/e a ‘decg'zlsa of per cen employment and a loés of 3.8 " cent in their coubmed pay -rolks. AL, I EEBrES The screw in the fourth jewel wheel of a watch is so small that a thimble would hold 1,000,000 of them. ber 1, 1930, rights to. purchase common |' 1S SHOWN IN MARYLAND| | Equitable Co-operative Bldg. Ass'n 50th YEAR COMPLETED JOBN JOY EDSO! President WALTER 8. PRATT, Jr., Secretary Assets ... +000..$5,662,549.55 Surplus & Profits..... -$1,705,130.78 Subscription for the 98th Issue of Stock Being Received SAVE AS YOU EARN THE Equitable’s plan of sys- tematic savings encourages thrift in a manner that if con- sistently followed will even- tually lead -to financial inde- pendence. Start now ‘while you have a steady income. Come in and. let us explain about our systematic plan. 915 F St. N.W. FIRST MORTGAGES APPEALING TO THE . SMALL INVESTOR - To those who act individually and depend upon their own ef-- farts to build their future and fortune our ; 61,9, FIRST -MORTGAGES Offer the best investment be- cause they - are ‘without any speculative risk, paying a fixed rate that continues uninter-" ruptedly throughout the life of the mortgage.- Ower a Third of a Century I'Vilhpul'a Loss Mayibe putchased in amounts from $250 up. SAUL CO. 925 15th- St. National 2100 N.w. THERE IS’ 'NO 'SUBSTITUTE - FOR' SAFETY Metropolitan Life Insurance Company REAL ESTATE LOANS AVAILABLE . Long Tern - Low Interest Rates Consule WEAVER BROC ' REAL’rons 809 15th St N.W. " Di.urict 9486 Mortgage .. Lm Corrupdnlnl Metropolitan Life Insurance Company C V E SHOULD like to offer our facilities for the plating of your in- vestment funds . . . For more than forty years the H. L. Rust Company has been making first trust loans on im- proved properties in the District of Columbia and adjacent Maryland Sub- urbs. . Investors have found.the notes SAFE in‘the abundance of the security ~—CONVENIENT in their’ denomina- tions—PROFITABLE in the highest interest yield consistent with a conservative investment. FIRST MORTGAGE NOTES 6% - - H. L. Rust Company 1001 15th Street " Nat'l. 8100