Evening Star Newspaper, January 27, 1930, Page 13

FINANCIAL, FINANCIAL, THE EVENING STAR, WASHINGTON, D. C, MONDAY, JANUARY 27, 1930. Sale. e, Lo, Giote. BANK CLEARINGS. \ INVERTIBLE BOND [L_EBONDSE EmEriE R e | ISSUES IN DEMAND| o ik AR EER A $120,000,000; & . $130,000,000. ' New York credit 2 lndustnal and Publlc Ul e & e e m m‘.m.ooo.m; & year ago, | “Groups Active—Rest of 1 108 1o 108 10 10810 List Irregular, *#8 A3 National Metropolitan Bank: 1814—Oldest National Bank in Dlllrht of calllmfll—w 15th St., Opposite U. S. Treasury ENTERPRISE SERIAL BUILDING / ASSOCIATION 7th St. & La. Ave. N.W. 63rd l-".i Stock Now Open Shares of Stock, $1.00 Each Payable Monthly h-u E. Ofld’ James F. Shea Secretary Tow. S UNITID I'I’ATIS 101% 101'6 Pan Amer 8 ;.ua"'l‘.f’é‘::fi.‘.".!' 4 Bankers to Generations Coundlor & Bnelunnn of Wash- Wm Gcrdon Dndun-n ingtonians Ndoul 6"0-6]11621! 1 The Metropolitan has been favored with the accounts of suc- cessive generations of Washington people, affording the maxi- 31064 1064 1084 2110 10930 110 REIGN. . Sales. Punta Alegre BY F. H. RICHARDSON, Remington Arés32 1 Rnd § T8 _Bpecial Dispatch to The Star. NEW YORK, January 27.—Due to the active stock market trading, convertible issues bulked large on the bond market y. ‘There was evidence of a steady mmflnd dinll:l:d d‘or H‘l‘t“h l“fia A ! 1951 of industrials and public uf , | Australia s i mum_in service and “-g‘ ,fiiflfir r:u“éle‘;‘:n)w’ alang | Austral Established JAMES F. SHEA security, ever since he balance of the domestic list had M()NEY TO LO AN i 1814, 40l N I ant undecided appearance, with many of? the more speculative” descriptions 1 Pt B B | (IR 2 643 Louisiana Ave. N.W. 3% on Savings 7. | e heavy. Selling orders affected list during the itk hour, but, some Consult mefl nlton Speclalists. rt arrived before noon. Money Lean 1B 8 N, X Ave. Tol Tr LAP §%s Union Pas 1st 4 ‘Available ‘was still at its low Jevel for the year. erican Telephone 4145 Were most ational Sa active of the convertible group, and 3 to # points higher. Other bonds of the %e company accounted for a hrge of the trading in the prime list as ‘well. The 5%s, touching 105, were | Bra: at their lowest since last October, but latér gained & point. The new 5s were also at a new low at 1003 and the 5s of 1960 were fractionally better than the low level of 100%, at which they sold rday. Duquesne Light 4%s, Philadelphia - Co; 5s, Columbia Gas 5s, Utah Power & 'Light 5155 and Utilities Power & Light 58 were strong. Weakness in thé prime rails was most pronounced in_Atchison General 4s, Canadian Pa- cifie 4s, Pennsylvania 4l%s and North- ern Pacific 4s. Liberty first 4%s and Treasury 33 (1943) improved, but |Czecho l-uu Tréasury 4s and 3%s were both off | Danish Munie 10432, Danish Munte Second-grade rails were comparatively dull. Seaboard Airline 6s were a point higher. Among speculative types, Cer- tainteed 5l,s were off 21, points. Amfl!c!n Natural Gas 6ls, Interna- per 5s, Armour of Delaware FIRST MORTGAGES SRaaB Brveasle b LONG EXPERIENCE TEACHES the wisdom of investing in non- Atch deb 4% s 43, 30 | Ateh deb 03 0 speculative offerings for income. AtlanticC L istés. 1 Our AtlanticCL 4%s 64 10 6Y2% FIRST MORTGAGES B & O Gold 4s. are safe from all financial dis- turbances; never jeopardizing - ‘Win Repeat Ar 7% Youngstn S& T 6s. 9 101 IAILROAD. Atohison gen ¢s.... Associated Gas and Electric System Over a Third of ¢ L P TP T - pay 101 100% 104% 1044 101% 101% 108 1 Nl Century tional Pa 5158 and Unlhd States Rubber 55 were :J-: lozer. Cuba €ane Sugar 8s gained On th! curb Exchange bond had the n nuemm ‘The fe-tm 'wu int advance in Behuite Real Bstate. Co, notes, Around 73 today Bkiyn Un Kl s sta.. Buff R & Pitts ¢34, 13 104% ol ol s Without & 90% Loss your principal nor failing in the payment of the liberal interest. It is 6% % — with peace of mind, We have prepared an illustrated booklet containing a brief history H 2‘.‘2!-.—-.—.—!.-.-.: ts above their recent mmurrynmkhonmotnn shares of common stock and $8,800,000 ofthe notes are withstanding. The quotations are for the notes with- the slzo_zus. In 1929 they sold as|¥! as . itz Motor 73%s were off 3 points and at 317% were at a new low since their issue in 1923. lllt was_fea- ce again the f e e ol 8~ | Montevide 7a Germnn bonda, and 'nhu- in | New So Wales 87, .. Norwal.o“Wflnll. Bush Term con §s.. 2 of this important system together with valuable statistical information. - - A< May be purchased in amounts 3 from $250 up. B. F. SAUL CO. - National 2100 925 15th St. N.W. . flfl‘. Copies, while available, will be distributed upon request. - O Corpn 58 Ch“.O‘“l.l A, Ches & O gen 4%3. . 8% | Ch & O 4348 B 1996, 2 Ches & O con § 11 s BRuwatnasn m - its lbove the low. Amnt\ne ohllé ,. however, have o"l“llnaarlpomhof'-helrht‘hvflm ‘O' issues today totaled $11, fll 000. P of which $10,000,000 consisted of Cen- tral Gas and Electric three-year 5 ee;t notes priced at 98%. % w — Wfishmgton Stock Exchange SALES. wthmmonun—uooon 103, mu- ”"’i_x? s'fo‘. - of Bethesdn 10 a advise the Real Estate 23 3% : ” Najional Mige. & Tavest. pla—12at 5, g % 66% - | y Lou Plan of the Metro- The c-z&e’L Corp—24 3t 26,26 at 24 politan Life Insurance Company. Y4, $1,000 at 83%. X ® Rz "‘T c‘ufia gl Loans for Fifteen Years 10f af » ope Low Interest Rates Reasonable Terms - For Three Reasons Harris, Forbes & Company 10515 | OM ) : Pine Street, Corner William, New York AE& 1074 Ground Floor, Woodward Bldg., Washington, D. C. Fre nuBnauSana - Rhine West 6s 63, Rhine Wst EP 7 at 106%, 20 at 106%. : Bid and Asked Prices. RITICAL PERIODS OF PROSPERITY nsult EAVER BRO REALTORS 809 '15th St. N.W, District 9486 8200g, S8swatentt: R & Mortgage Loan Metropolitan Life Insurance Company IDING by rail over the mountain trail Daniel Boone had blazed labori- ously long before, travelers in the year 1879 were amazed by a new.condition of the Middle West— Instead of farms and’small villages, they saw columns of smoke, feathers of steam from factories—new and growing plants which had- moved west with the perfection of steam POWET. . . o This was the answer of ‘American industry and inven- tion to the “Paper-Money” panic of 1873—a return to work and production, away from risky speculation, and toward new uses for the immense resources of the country. Today, with the funds di- verted for stock-market specu- lation now pouring back into stable channels of necessary de- velopment, the opportunity to build up a steady income, in- dependent. of salary, was never more attractive . . . In the 6 per cent First Mortgage Notes offered through Swartzell, Rheem & Hensey Company you may realize steady, substantial g returns on the soundest value l 7 ; America has ‘to offer: fully in- (o] Int Rap Tr 6s stpd.. ll Int Rapid Trans 7s, Int Rys C A 6% ot Jowa Central ref 4s, Towa Cent 18t 58..0 Vo Armour&Co 4 Armour Del § Atlantic Refin Bell Tel Pa 53 B, .| Bell Tel PabsC.. Bethlehm Stl pm b Beth Steel rf bs. )u\'flm-u. BANK, nglangl Capital Man Ry 1st 48 Mill El Ry&Ld PR T T Bush Term Bldg Certn-Td 535 rets.. Chile Copper b: TRUST COMPANY, Col GAEI bs Hl! (4] 1 an s«um‘y & Trust, » BoRoaN~ - To those who are confronted with home financing problems ot Wash. Loan & ‘it SAVINGS BANK. Bank of Bethesds .. ing aRa Mo Pac 5% 49 evt, 26 Mont T'rmref 5sél 6 Market Bt 78 40. .. we offer the competent counsel of over forty years experience in this service . . . First Mort- w Funds for loans on residences and business buildings in the District of Columbia and nearby Maryland suburbs — three, five and ten year terms. 102% .| Gen St1 Cast 53845 4108 : | Gooaricn v 2 106% Toty... 10 914 2 8 R 8 100% &R6%a 5 101% T BeTal bs 31 104 111 Steel 4348 4 Inland Stl 4%s Intl Cement b Intl Match SWARTZELL. RHEEM anp HENSEY co. MORTGEAGE BANKERS 727 IS STREET.N.W. WASHIN:;'I'ON.D.C. 22222222 144 o g 4 o g 22220000000 It epre cenasiraSwEwnunne 55288885 3 * 2222222222 (-1 == B e o vestigated real property in the Nation’s Capital. As did those other men who produced this coun- try’s stable, permanent wealth, Americans today are realizing that the only means to sure, pro- ductive income lies in the development of the nation’s inherent riches. That is why we’re get- H.L.Rust Company ting “back o work”—placing oar Fands in" in- : vestments whose stability and unfailing return is 1001 Fifteenth Street National 8100 guaranteed—taking advantage of such oppor- tunities £E8TABLISHED Loan Correspondent for * The Prudential™ POTATO MARKET. CHICAGO, January 27 () (United mqrm about steady; Wisconsin round whites, zwu. few 2.70; Minnesota white, few I‘:’ 2.45; Idaho lu:knd. Russets, 3.10a i as are offered by the necessity of real 1 8°8 9 property development in Washington. 2 Port RLAF 714846, 1 ———— 99% 100% Readinggend%sA 8 Tennessee will spend $33,000,000 on RioG W 1 foads in 1930,