Evening Star Newspaper, March 30, 1930, Page 76

ISSUES IN DEMAND FINANCIAL. CONVERTIBLE BOND Telephone, Amusement and Railroad Groups Are Fea- tures of Trading. BY JOHN L, COOLEY, Associated Press Pinancial Writer. NEW YORK, March 29.—Convertibles | dominated the bond Other issues showed rails, utilities cnd indust; today. trading steadiness but rials without share features moved slowly. American Telephone 415 rallled briskly with the stock, quickly making & record price since Autumn. Inter- national Telephone 415s scored the best advance of the week, advancing nearly 2 points, while Warner Bros. pictures 6s surpassed gesterday's best had been a peak. 415, Haven 6s pushed up by tions, while Atchison 414 than a point. all strength in rail stocks. Chicago Great Western price, which Baltimore & Ohio Missouri Pacific 555 and New major frac- s rose more in reflection of first 4s en- Joyed an active market, rising about a point to lead secondary ra Adjustment 5s moved up ils. St. Paul 3. Prime investment carriers held close to yes- terday’s closing, strength in rafl stocks Chicago Great Western joved an active market, a point to lead the secondary rails.| in reflection of first 4s en- rising about St. Paul Adjustment 5s moved up % Prime investment carriers held close to Priday's clostn’ same was true of the other groups. German rday's decline early our session. quotations, and the prominent bonds in s recovered in the two- United States Government obliga- tions were firm. Baltimore Markets Speeial Dispatch to The Star. BALTIMORE, Md., March 29.—Un- der generally light receipts of all lines the live poultry market holds steady, with values on young broiling chickens and old hens a shade higher. demand large fat stock, of which A good prevails for practically all there is no surplus in the daily arrivals, all desir- able stock meeting with ready sale. While the active season for turkeys is about over, market continues steady, lmder'g!hl receipts, the demand being eys, 8 pounds and over, being pre- | ferred at 40 cents a pound, gobblers bringing 35, but medium sizes fat stock, hen with young old toms, as well as crooked breasts, are generally slow sale at 25 to 30. Youn. broiling _chickens are scarce and wanted, at 38 to 42, and other rmoot.hnciwn 33 to 36, but all move slow at 23 g chickens are selling r and ufln towu Old t week, md un- good deman the market shows vance of 1 to 2 cents l po\lnd. at 30 for {owl.u ‘weighin, % pounds homwlbfluom :o cents. ot i : poor, light fowls is Capons continue i Ei’ i : - i ‘The live cattle market rules (encnuy nanuxum pflme ltoek el on nlmo o! first owever, eonsists of ord! stock, which moves slow at inside prices, Quotations today at Light Beef cattle, first quali 12; eommon to metflu o Bulls, as to quality, pound, choice to Sdasi s b choloe, ot o fancy, pound, 7 to on inary Street Wund ll w , pound, 6to D 8; eom- 6. Oxen, as to 1 Closing grain quotations: Wheat— No. 2 red Winter, export, 1.09; No, 2 | Al red Winter, garlicky, s delivery, 100, Cam 1.10; March Corn—No. 2’ yellow, domestic spot, 95a96; cobcorn, 4.85a4.75 Er htrreL Oats—No. 2;1111'4 domes- 0. 3 white, 3ab4. .Rye-Nurby, NEW YORK COTTON Market Fairly Active, With Steady Prices—Close Is Higher. NEW YORK, March 29 (#).—Cotton h'n‘l. moderately active for a Saturday f session and showed & generally steady tone, with some further selling of May against purchases of new crop absorbed b & renewal of y and trade buying. May sold to 15.90 and closed at 15.88, with general market closing very steady Mwldvmouullot?lb ints. January, old mber, old. ember, new NEW YORK BANK NEW YORK, March 29 (Special).— STOCKS. Bidding went forward in bank stock and trust shares today as leaders heard the possi- THE SUNDAY STAR, BOND SUMMARY FOR THE WEEK UNITED STATES GOVERNMENT. —1030— High. Low. 100.17 98.26 Lib 3145 1932-47.... mus 100.10 Lib 18t 4%s 1932-47. lGZJlI 100.28 Lib 4th 4% s 1933-38. 102.7 101.24 98.30 ml zl 99.1 108. 1094 101.16 113.14 109.24 FOREIGN. —1930— High Low. 9% 9% 4% 108 9814 100% 108% 11614 11% Austria 7s % Bank of Chi Bank of Chile un 1961.. Belgium 68 Belgium Belgium Bolivia 7s ct 69... Burdeaux 6s ‘34 Bra: Brazil 8541 Canada 55 '52 Chile Republic 6s 1 23% Chinese Govt Ry bs ‘61 675 Colombia 65 1961 Jan. 95% Copenhagen 58 ' 109% Caechoslovakia 85 '51. 99% Denmark b%s 1955 1081s Denmark 65 42. . 101% Dutch East Indies 6s 101% Dutch East Indies 68 106 103% Fiat7s 101% 974 Finland 7s 118% 1121 Erench 7s'49 125 118 French 7%s'41 94 84% German Bank 6s 1933, 109% German 75 "49. 883 Greek 68 1968. 98 96 [rish Free State ks 101 4 Italy 7s 104% Japan 100% Kreug&Toll 58 ct wi Mexico 45 1904-54. Milan §%8 '52. Netherlands 6s New South Wales ‘57 Norway 5s. . Orient Dev 538 '67 Paris-Lyons-Med 6s 4 Paris Orleans 53s 196! Peru 68 '60 Peru 7s, Poland 85 '50 Queensland 65 '47. Queensland 7s '41. Rhinelbe 7 . Rhine Westphalia 6s'53. Rio de Janeiro 88 '46. .. .. Rio Grande Do Sul 68 n Rome 638 '52.... Sao Paulo State of Seine Dept of is. Serbs Croats&Siav’ Serbs Croats Slov 83 Swiss 518 46, Toho Elec Pwr 78 ‘55 Utd Kingdom 6% 103% Vienna Warsaw 78 Yokohama 1.. 984 MISCELLANEOUS. Abram & Straus 6%’ . 101 Alleghany Co cv 58 44 Am Sm & Ref 1st 5. 4'. Am Sugar Ref 68 ‘37 Am Tel&Tel cv ¢ 348 '3 Atlantic Ref ded Bell Tel (Pa) ref 99% Beth Steel pm 58'36. ... Certain-teed 5% 8 1948. .. Chile Copper 68 *47 Colon Oil 6538 Comm Invest 5148 '49.... Comm Invest dt Con Coal (Ma) 1st ref 8. Detroit Edison ref 65'40.. Dodge 68°40...,.. Duquesne 4% s 1967. East Cuba Sug 7% General Cable § Gen Motors 6s '3 Goodrich (B F) Goodyear Rub Humble O & R 5%s 32 Inter Paper b: A. Int Tel&Tel ev 4% Lmlllrd l%l 37, Manati Sug s £ 7%s 42, Midvale Steel 53 Montana Power t Dairy Prod §3%s '48.. N'Y Edison 18t 634841, NYToll%l'l Pacific Gas & El Pacific Tel & Tel 65 '53 Pan-American 6s ‘34 Para-Fam-Lasky ll 4T, Philadelphia Co Philips Petrolm Postal Tel & Cab Reming-Rand 638 47 Sinclair O1l 6s *3| Sinclair Ol 7837, Sinclair Crude Ol § Sinclair Pipe Line Southwes Bell Tel & Stand O1I N J 68 Stand Oil N Y 438 ‘61 Sugar Est Oriente 58 '42 Tenn Copper 6544 B Transcon Ofl 63483 United Drug 58 '§3 U 8 Rubber 1st & ref b U 8 Rub 7%s '30 U Power & L Utilities P& L 5% Walworth 68 45 High .100.16 101.20 101.9 101.18 +.14 High. Low. Close . 99 104% 100% 106 Uruguay 6s lsln 9914 0% 89 . Low. Close. Chge. 100.6 100.15 +.5 ern Union Tel Wilson & Co 1st 41 Youngstown Steel 58 ‘78 RAILROAD. Atch T& S Fe adj L ') Atch T& S F g Atch To & S Fe au,a 4 Atlantic C L 1st 45 ‘52 Atl Coast Line 4% B & O gold 4i 101.26 102. =7 100.16 100.16 --.24 100,14 100.28 +.14 104.30 104.13-1.2 1081 108.1 111.28 1125 T B & O ref bs D 20 % Balto & Ohio 55 ‘48 P s Balto & Ohio 68 '95 91 B&OPLE&W V 5 B&OS W Div b8 50 Bangor & Aroos 4s '51 Boston & Maine 55 '67, 81% 81% Broadwy & Tth Av 68 '43. 103% 108% Brooklyn Manh 15t 68 A. 6 86 Canada National 1%8"‘. 100% 10)% 24 Canadian Natl 4% ‘57 102% 102% % #3l; Canadian Pacific deb 4 95 93 « Central Pacific 48 49 25 25% 1045 100% Centrai Facific 58 1960, 81% 82 Chesapeake Corp b3 '47 9mh 98 74 Ches & Oh gen 4348 '92 110 110 Ches & Ohio 4%8 93 A ChiB&Q4%s B 7. 5 100% 100% Chi B & Qref 55'71. 104% 105 Ch & East 111 gen 58 '51. 101% 102 Chi Great West 48 '69.... 4 101% 102 Chi M St P& P 5875 104% 104% s Chi M St P & P adj 9% 99% Chi & M 117% 118 122% 123 92 924 107% 109 88 88 5 1021 102% 116% 116% 110% 110% 7 ) FressEr xx Ly e Chicago Rys 58 '37. . Chi R 1 & Pac ret 4534, Chi R 1& Pac 4%8 wi. Chi Union Station 4 %8 Chi Union Station 6%48 Chi & West Ind con 4s. .. Chi & West Ind 555 '63. . CCCL&StLbsD. 2 Cleveland Term 68 B 73 Cleveland Terminal 6%s. Colo & Sou ref 4%s '35 Cuba R R 585 Cuba North b8 '4 Del & Hudson b33 '31. Den & Rio Grande cn 4 Den & R G West bs '55 s Den& R G West 55 '78 Des M & F't Dodge 45'35. . Detroit United 4345 '33. Erie 1st con 48 Erie gen lien 45 '96 Erie ref 55 ¢ Erie con 75 30. Flor East Coast Fonda J & G 4348 '52 Grand Trunk s £ deb 6 Grand Trunk 78 "40. Great North 4 Great Nor gen Great North gen Havana Eles Ry §% Hudson & Man adj b Hud & Man ref 58 '57. Illinois Cent 967 97 100% 100% 108% 103% 87% 98% 12% 12% 981y 98% 103 \oa 100‘4 mm 913 92% 102% 102% 100% 101 81% 81% 961: 98 97 9Th 100 101 106% 106% “xx 100% 102 6% 77 93: 98% 100 101 108% 108% 85 86 96 974 1034 104% 99% 100% 104% 105 98% 98% 8% 81% 82 9 9N 0L+ 44010 FFEFEFEEF | i;F o [nter Rapid Tran 58 Inter Rap Tr 5s Inter Rapid Tran Inter Rapid Tran cv Int & Great Nor adj 10314 108% Inter Ry Cent Am 6% 103% 103% 80 Kan City South 3s 1950. 85 86 3 Kan City South 58 100% 101% + % 4 Kan City Ter 1st ¢s 105% 106% Lake Shore 4s '31. 100 100 Lohllh Vi 89 1% 101% 101% kel 103% 104 + % 166 183 +17% 108 108 -1k 82 83 + % 90% 90% * 85 86 101% 102% 104% 104% 101% 101% 55 85 97 9% 86% 87 101% 101% 96% 96% 99% 101 MStP&SSM Mo Kan & Tex 1st Mo Kan & Tex adj Mo Kan & Tex pr In §3A Mo Pacific gen 48'75 Mo Pacific 55 A 65 Mo Pacific 5s F'. Mo Pacific 68 G Mobile & Ohlo 4 4 Nassau Elec 4 L£14+ 1 1+ ® @ PREFE PEFEF 1L §E 85% 85% 102% 102% 103 103% 107 107% 95 95 4 101% 101% FIPEEFEFIFFES REIRI North Pacifio r 1 65 2047 Ore Wash 1st ref Penna cn 4% Q2 101% 102% 103% 103% 103% 104 18 119 100% 100% 94% 96 2% 77 100% 100% e 102% 102% 99% 100 27% 28 105% 105% Penn 4%s'63 Penn gen §8'6 Penn 55 1964 Penn 6348 Penn 78’30 Reading 4% Rio Grand West col 4. RIArk& L 4%%'34 St L kron Mt gen b3 SLIM&SR&G StL&SF prl StL&SF 4%3'78 StL & San ¥r5s B St Louis 8 W con |++|_|‘9'4> +410 0+ 141 © - EFEFFFTEEE T 108% 108% 101 101% 101% 102% 104% 106 104 104 % 1015 102% 99% 99% 98% 99% 9% 95 94ls 94% 99% 100% 100% 100% 103% 108% 9% 9% 96 98l 104% 104% 4 102% 108% 96% 97% 40 40 101 101% 101 101% 9% 9% 87% 87% 100% 100% 84 100% 1004 101 94% 92% 93% - 99 9h 93 93 91 86% Seaboard A L adj Seaboard A L con South Pacifie 418 Southern Ry gen 4 Southern Ry 1i Southern Ry g South Ry dev 6348 Third Ave 1st Third Ave adj Ulster & Del 5" Union Pacific 1t Unlon Pacific 48 Un Pacific ref 48 IODI Virginia Ry 1st Va Ry & Power 65 '34 abash 4% 1978 bash 1st 5s ‘39 Wabash 58 B 191| FE F OIFEFE FE FEF FEF & ¥ E 5 ounnnty, at 855, up 5, and New t 308, up 1. Bank of Y; Bank of 1%, off 4 Brooklyn Central Hanover, 392, ip 1; Chemical, 89, p 3,; Natio -1 City, 244, up 1; Com- mem!d 572, up 2; Continental, 45%, up V,; Corn, 243, up 'z; Interstate, 53%3, up 34 Irving, 7115, up Ya: Manhattan, 154, up 1; anufacturers, 150, up 1. The following were unchanged: Chatham-Phenix, 138; Chelsea, 58; Em- pire, 91; Equitable, 134, and Public, 144. Alfalfa “Makes” Silk. MERCED, Calif, March 20 (®)— silk worms bulld their cocoons in ‘al- falfa stalks at a ooeoo'nery near here. which has developed to la propor- tions within two ¥un u:l‘ wn: :é".‘h‘: oo hi) rom Italy to fef lgl’e -mpz‘;.ud San _Joaquin Valley. Real Estate Loans Made t your funds in Bonds yielding above the average with safety of ncipal and marketa- bility, Continental fin nce Corpounon N. J Second National Bank Building 1331 G Street NW. Telephone District 3490 - | day, $1,497,681,990. 5,000 WEEKLY CLEARINGS. NEW YORK, March 29 (#).—The | gec weekly statement of the New York clearing house shows: Total surplus and undivided profits, $2,134,000 increase; total net demand deposits (averaged), $9,684,000 decrense; time deposits (average), $28,780,000 in- crease; clearings week ending today, $7,918,447,958; clearin; 8. week ending March 22, $8,817,812,077; clearings this Money to Loan .;:gv- ling Y Joseph I Weller 57 b, 4 Trane WE WILL SELL National Press Bldg. 1et Mortg. 5, 1950 @ 90. Mayflower Hotel 1ot Meortg. 6s 1948 . Muaovn Hotel 2nd Mortg. 6';s '48 at 60. Fairfax 1st & Ref. 6%40 '43 @ 40 Pr-porfiu Investment Coll. Tr. 7s @ 30. Overbreok Arms 1st Mortg. 7s '35 @ 68. Discovery of large deposits of ochre near Mossel in Cape province in South Africa was made last year. 5,000 5,000 I WILL SELL $5,000 City Investment 1lst Mort. 612% 1938 @ 90. $2,000 2100 Mass. Ave. Mort. 7% 1932 @ 87Y%. 10 Real Estate Title @ 167Y;. 500 Miller Train Control “Old” @ $1.05. 20 Virginia Plate Glass @ 35. 5 Units Wardman Mortgage and Discount @ 16. 20 International Bank “Old” @ 8o. Racquet Club U et & dan, G ] S RS Real Estate Mortg. & Guaranty. THOMAS L. HUME CAPITAL CITY CO. 1412 G St. Nat. 1346-1347 509 Washington Bldg. Phone District 8291-8292 n..l Estate Mortg Guarasty Usits & S5+ WE WILL BUY (Continued From Second Page.) Republie Ir & Steel (4. Republic Ir & Steel ctfs. Republic Ir & St pf (7). Re Copper & Brass. Revere Cop&Br pf (7). Reynolds Spri Reynolds Tobaceo A (3) Reynolds Tobacco B (3) Rhine W Elec Pwr(3.16) Richfield Ofl ¢2). Rio Grande O1l (2). t Mfg (13) o1 am(2.20). Roy-l Dutch (23.20) € Stores pt (8) m-w-y Stores pf (7) Seagrave (e1.30). Sears Rosbk & Co( Second Natl Inv..... Second Natl Inv pf (5).. Seneca Copper. Servel Inc Sharon 8t Sharp & Dohme Shattueck (F G) Shubert Theatr Simmons Co ( Simma Pet (1. Stinelair Con Ofl ( Sinclair Consol pf (8) sslolly Ofl (2). Solvay Am Inv w So Por Rico Sug (2).... % Southern Calif Bd (3) wi Sou Ry M & Onlo ofs(4) Spalding (AG) (3). Spalding A G 1st pf Spang Chalfant & C Spang Chalfant pf ( Sparks Withington (I) Spiegel-May-Ster: Stand Brands (1%).... Stand Brands pf (7. Stand Comm Tobacco Smdoofcfl (3%). Stand Oll Export pt (5). Stand Ofl of Kansas (2). Standard Oll NJ (12) Stand OII N Y (1.60). Stand Plate Glass pf. Stanley Co of America Starrett (L8) (12%), Sterling Sec A)... Sterling Bocur pf (1. Sterling Sec cv pf(3) Studebaker Co Dl @ % Submarts Sun O11 (111 . Sun Oil pf (§) Superior O Symington utograph Cp(t1.2i er O1l pf (5) . Timken Det Axle (80c) Timken Roller Transcont Oil new (30¢) Trapsue & Willlams (1). Trieo Products ) Truax-Tra Coal (1.60. Truscon Stl (g1.20) Tawin City Raoid Tr Twin City Rap Tr llf(") . Underwood-Ell-Fish(§). 131% Union Bag & Paper. ..,. , Union Carb & € (3.60). Union Pacifie pf (4 Over a Third of a Century Without a LO" | THERE IS NO SUBSTITUTE FOR SAFETY High. % 5! f! Low. Close. 3% T T1% 7% llflfi ll‘* ++ “ed P V4 4v+++'+ o FEE seew L4144 - #Fafes R s a R SR S AR R e + 41 +1 = S B AR 4 I 4 + 4144401 +441 4 14404 $Rex" "B res EE S S EECEE 3 CRPReE"s w2 1441 44 14+44441400 1 Freix s 3 1 > on 44411 o Feds WASHINGTON, D. C, MARCH 30, 1930—PART SIX. NEW YORK STOCK EXCHANGE ‘fi? lh Divide FPIRST United Dyewood United Eles Coal United Gas Imp pf m-rprntfl).“ Fdy 3)..... Bmelt & Ref (3%). Smelt & Ref -flllfi gaceaaaacacceagas @ Universal Leaf Tob ll). Univ Leaf Tob ptf (8). Univ Plotures 1 Univ Pipe & Ra Utah Copper (16) . Util Pwr&Lt A (02). Vadasco Sales Va-Caro Chem 6% pf... Va-Care Chem of (T)... Va Elec & Power pf(§).. Virginia Bl & P pf (7).. Vulean Detinning(1)... Vulean Detin (A) (1)... Vulcan Detinning pf (7). Wabash . Wabash l'l Waba: , B (5 Waldor? lnum Walgreen pf (6%) Walworth Co ll) Ward Baki Ward Bakin Warad Baking ’l (1)... Warner Bre Warner Bros P Il (I Warner-Quinlan (1) Warren Bros 1st Df (l). Warren Fdy & Pipe (3). 5% Webster-Eiseniohr. ... Wabster-Eisenlor pf (1) West Penn Power pf(8). West Penn Power pf(7). Western Dairy A (4).... Paeifie . Western Union Tel (8).. Westinghouse Air B (3) Weston Blee Inst (1)... Weaton Elec Ins t A (2). West Vago Chlorine(). Wextark Radio Stras. White Motors (2).... White Rock M S (14%). White Sewing Machine. White Sewing M pf (4). « Worthington Pump. Werthngton Pump A(7) Worthngton Pumr B(6) Wright Aeronautical. Wrigley Wi (4). . Yale & Towne (15).... Yellow Truck & Coach Yellow Tr & Coach pf. IM South Cal Ed . 4 rates as siven in ook ‘m;'.'.,."'r. % FINANCIAL. " ok Car (140 IJnlo- ‘Tank Car (1.60).. '5 United Alreraft. . 8% % 80 108 110 156 149% 100 110 100% 117% A% 20 b1% 192 108 20% 4 above table test qn-mru ‘or ‘hait yeur ahares. MORTGAGES You Have Many Convincing Precedents for investing your surplus funds in first mortgages. They are favored by the big institutions who must safeguard their in- vestments and be able to count definitely upon the income they will produce. Our 64% First Mortgages offer you the same opportunity; with the same protection of principal and the same cef- tainty concerning the amount of interest. These First Mortgages rep- resent loans made upon real estate which we have care- fully appraised. May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.W. LiI+41l4+ 444 +4+4 e EEEE T4+ 44 + 41+ B o I o PR R L 14 A4 R R S e d AR ® thttt o H et )+ ™ gogss - @ FFE 25"?:;";:::::: RETERL"2FFVERs = First Mortgage Loans nmm Commonwealth Investment - Co., Inc. —mn.-.w.n-ono-un- Mort ‘ 0an Correspondent u "“ lentigl Insuremece of America “Wm. Gordon Buchanan Councilor & Buclumn Certifieg Public Accou 2 Building Ne naul 6”0—6111-6"! (Telephone Directory Omission) Money to Loan on Property in the District of Columbia First Trusts Only Immediate Aitention | Wm i Saunders Co. Inc 1435 K St. N.W. Dist. 1018 1st Trust Notes Made by Wm. G. Hill Co. Secured on income- producing property bearin, 6% Im:m: Maturity 18 months Will sell at a discount Address Box 490-E Evening Star ENTERPRISE SERIAL BUILDING ASSOCIATION Tth St. & La. Ave. N.W. 64th Issue of Stock Now Open lwlblfl'fl." Money loaned to members on easy monthly payments ¥ E. James MENT $| ..!.‘fl! St IR L e I COUI'I'I.AND NIXON, 1518 K St First Mortgage Loans Lowest Rate of ]pturut Long or Shorr Term Construction 'Loans Glover & Flather 1508 H St. N.W. National 1753 INCOME INVESTMENTS INVESTMENT DEPT. BRODIE & COLBERT 1707 Eye St. N.W. National 8875 The Commercial Nationl Bank lnt t “-Dnfly from Day of Day of wm&.w pare this method witk usual method of computas’ tion. Call and let us ex- plain. Other Departments are equipped to serve you matters. The Bank of Personal Service 14th & G Sts. N.W, Resources Over $20,000,000 \ ' WADE B. COOPER. Frestdent PR R P SRR IR Recommendations to Investors '{ prumptly returning this “ad” th your address you can obtain ’Jml 2d issue of The Financial with the following espe- ehuy important analyses: “fy lnnummt Rules” ' FINANCIALWORLD merica’s Investment Weekly . Toss Guencher, Publsher Established 1903 New York Expenenced Adpvertisers Prefer.The Starl'”- magess o S,