Evening Star Newspaper, March 31, 1930, Page 13

FINANCIAL STOCKS IRREGULAR IN PROFIT-TAKIN Market Confronted With e Heavy Selling After Recent Advance in Prices. BY STANLEY W. PRENOSIL, Associated Press Financial Editor. NEW YORK, March 31.—The stock market, which’ moved into new high for the year last week, tugned lar today under a heavy wave of profit-taking. A score or more issues dropped 1 to 5 points below Saturday’s tations, with a sprinkling of special- w down 6 to 17 be!lom l;l’:: decllneb:l‘: hecked in the early afternoon :pl;lctked demand for United States Steel common, which was marked up to an- other new 1930 high. Earlier in the gession 50 or more stocks had attained new peak prices for the year on gains running from fractions to 8 points. ‘Trading was again in enormous vol= ume, with the ticker running about half an hour behind the market, the hourly average of sales running well over 1,000,000 3 The midday reaction apparently was on technical considerations, the Tecent brisk advance in many issues ob- viously having weakened their market position and rendered them vulnerable to selling pressure. When word was passed back from the Stock Exchange to the broke: houses that prices ‘were lower on floor than those ap- ing on the tape, which was far be- d, there was & rush on the part of many traders to take profits. J. 1. Case fell 17 points to 253, but quickly rebounded to 266%. Worthing- ton p broke 1232 and Columbian Carbon, Houston Oil, Western Union and Vanadium fell 4 to 6 points before support. ‘were amo reach new NEW SECURITIES. NEW YORK, March 31 (P).—New offerings todsy include: h levels. Life Insurance Co., 130,000 t $5 par capital stock at $15.75 Offered by Moses & Co., Inc. TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) te—1 A Bid. Offer. ine 18, 100 B35 100155 L% e P13 1383 100 1-32 i#i Are You a Wet or a Dry? No matter how wet it may be outside it's a pleasant reflection that it’s always dry inside a Rogers Peet Scotch Mist* topcoat! Due to Rogers Peet’s spe- cial way of weaving Scotch cheviot so that it's water- proof without rubber or wax. Just to show you— we're testing Scotch Mists* with real water in our windows tomor- row! We are sole agents for Rogers Peet Scotch Mists* here in Washington. Scotch Mist* Topcoats $60 and $65 ®Rey U. 5. Patent Of. Megev’s Shop THE EVENING STAR, WASHINGTO! NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. Low. Dividend Rate. 64% Abitibi P & P pf (§) 45 Abraham Strauss. 23% Adams Kxpr (1.6 23 Adams Millis (3) 11% Advance Rumley. .. 22 Advance Rumley pf. % Ahumada Lead..... % 118 Alr Reduction (3)... b5 145% 143% 21 Alr Way El Ap(3%). 2 33% xgv. % 244 364 34% 95% Alleg Corp pf (5% ).. 05 104% 99% Allegh’y C pf ww 6% 255% Allied Ch & Dye(n$). 49% Allis-Chalmers (3). . 28% Alpha Port Cemt (3), 18 Amerada Corp (2)... 46% Am Brake Shoe(2.40) 8% Am Brown Bov Eleo. 117% Am Can (4). 140% Am Can pt (7) 36% Am Chicle Co (12%). 19% Am Com Aleo(n1.60) 82% Am & For Power..... 107 Am&Forn Pwr p£(7). 95 Am&Forn Pwr 2d pf. 19% Am Hawallan 88 (3) 55% Am Home Prod(4.20) 85% Am Ice Co (t4)uueeen 35% Am International (3) 2 Foam| 100 Am Pow & Lt pt (6). 80 AmP&LpfAst(f),. 30% Am Ra&Std San 1! 20% Am Republies. .. 80% Am Rolling Mill ( 59 Am Bafety Rasor (5) 1% Am Ship & Com..... 69% Am Sm & Ref (4)...> 42 Am Snuff Co (13%) . 16 Am Solvents Chem. . 25% Am Sol Ch ov pt (3). 44% Am Steel Fay (3).... 99% Am Water W 1st(6) 7% Am Woolen. 105 Anchor Cap pf (64)+ 80% Andes Copper (3)... Archer-Dan-M (3. 2 219% Atch T &S Fe (10).., 166 Atl Coast Line (110). 4% Aviation Corp Del, 304 Baldwin.Loco (1.76). 115 Baltimore & Ohio (1) 63 Bang & Aroos (3%).. 32% Bendix Aviation (). 814 Hest& Co (2). .. 10 Brooklyn & Queens. . 54 Bklyn&Queens pf (4) 131 Bklyn Union Gas (5) 40 Brown Shoe Co #6 Bush Termni (23%).. 3 Butte Copper & Zine. 3% Butte & Superior B0% Byers (A M), 66% Calif Packing (4, 1 Callahan Zing 74% Calumeét & Ariz (6). 26% Calumet&Hec(ad%). 1y Campl Wyant (2) 63% Canada Dry G A (6)., 187% Canadian Pae (10). 57% Cerro de Pasco « Certain-teed Pr Certain-teed pt. D 14, & OB10 (10) 4000 63% Chesapeuke Corp (3. 4% Chi & Alton. Chi R | & Pac pf (7). Chickasha C Ul (3). 07% Chuds Co (2.40) 88% Cbrysler Corp « 40 CiLy ice & I 1k3.6 7m City Stores (bl 138% Coca-Cola (6) 484 Coca-Colt A (8)eeenn 60 Colgate-ral-F (3%) 24% Columb Graph (87¢). 168% Columbian Carb (16 23% Coi 364 Comi Inv Tr (£1.60). 87 Comm Invevpf..... 27% Conum Soivents (31). 12% ComwiLh&Sou(80c). 99 Comm & Sou pf 16).. 44 Conde Nast Pub 13). 18% Congoleum-Nairn. Conley Tinfoll sta. 18 Consol Film pf ¢2).. 96% Consol Gas N ¥ (4). 99% Consol Gas NY pf(5) 49 Consol RR Cub pf(6) 1 Consol Textile Crown Cork & Seal. . Crucible Steel (k5).. Cuba Cane Products. Cuba Cane S Cudahy Packing Curtiss Wright Corp. Curt Wright Corp A.. Cutler-Hammr(3%). Davison Chem. . Delaware & Hud Dupont d N deb (6).. Dugquesne 1st pf (). Estn Roll Mill(ht2).. Endicott-John (5). s Eng Pub Serv (31).. Eng Pub Svopt (5%) Eng Pub 8 ctfs (31).. Equitable Bldg (2%) BErie RR....... % Erie R R 18t pf (. Erfe R R 2d pf (4) Eureka Cac Cl (4) Evans Auto Ldg 2 Fairbanks Co......w Fairbanks Morse (3), Fash Park Ass0..... Fed M & S pf (7 pL(6) 50% First Nat Strs (3%). 3 Fisk Rubl Gen Am Tnk Car(34] Gen Electric (1. Gen Elec speec (60¢).. Gen'l Food Corpn (3) Gen Gas&El A (te2). Gen Gas&El A(new). Gen Ital Ed w.L a2.61 General Mills (3) Gen Motors (13.30) Gen Motors pf (1) Gen Out Adv (2).... Gen Outd Adv A ()4 Gen Pub Svc (b6) ... Gen Ry Signal (6). Gen Refrac (143%)... Gen Theat Equip vts Glllette Saf Raz(n5). Goodyear Tire (5). Goodyear 18t pf (7)., 4 Gotham Silk H (2%) Gould Coupls Grand Silver Strs (1) Grand Unfon........ Grand Union pf (3).. Granite City Stl (4). Grisby Grunow.., .: Gulf Mo & North. Gulf Sta Steel (4) Hahn Dept Stores. . Hahn Dept S pf(63%4). Hall(WF) Printg(2) Hartman A (2).. Hartman Corp B 1.0 Ha: B seeesecee Helme (Geo H) (17). cules Motor 1.80. ules Powder (3) 'shey Choo (5) Hershey Choc pf(15) Holland Fur (et2%). Hollander & Son..... Houdallle Her B (2). H'hold Fin pf (13%). Houston Ofl.......n Howe Sound (14%).. Hud&Man Ry (3.50). Hudson Manh p£(5).. Hudson Motor (6)... Hupp Motor Car (2).. Illinols Central (7).. Independ O11 & G (3) Ind Motor Cycle Indian Refining Indian Refining et Insurance Shars 460, Interboro Rap Tran.: Intercontinental Rub Interlake Iron (1).,, intl Bus Mach (ng) .. Intl Carrier. intl Cement (4) Int Combustion, Inter Comb Eng pf. Int] Harvester (234). Int Hydro El A (e3). Intl Mateh pf (4)..., Intl Mer Marine (1).. Int Nickel of Can (1) Intl Pap & P A(2.40). intl Pap & PwrC..., Int Pap & Pwr pf (7) Int] Printing Ink (3) Island Creek Coal(4) Jewel Tea (4). Johns-Manville (3).. Jordan Motor Car, Kan City Sou (6). . Karstadt (R) (1.02). Kayser Jullus (4). .. Keith-Albee-O pf (7) Kelly-Spring Tire. Kelsey Hay Kelvinator Corp. Kennecott (6). Kimberly-Clank(13). Kinney G R (1) Kolster Radio. Kraft Ph Cb (1%)... Kresge(SS)Co(1 60) Kreuger&Toll (1.34) Kroger Gr&Bakinl). Lago Oll & Trans. Lambert Co (3). Lee Rubber & Tire.. Leh Port Cem (2%). Lehigh Valley Coal.. Lehigh Valley (1434) Lehman Corporation Lehn & Fink (3). Libbey Owens (1). Li & Myers(15) t&Myrs B(15) Lima Locomotive. Liquid Carbonie (4). (13 Lorillard (P) Co. 48U, LouGE&EIA (1% Louls & Nash (7 Lo o1l - © Foemaenr - s Sarn (Y] plenanaledn reonh e © o CE<P-4 & HamERRONR Pormoo mBe e 1291 28% 1214 2345 21 193 28% 16% D. C, MONDAY, MARCH 31, 1930. * |1929. The operates on @ 13- Bears, Rocbuok Sales. month calendar, 109 per cent de- CHICAGO, March 31 (#).—Sales of | crease was attributed by the company Sears, Roebuck & Co. for the third period | in part to the fact that Easter buying of 1930, from February 27 to March 26, | Was included in the period last year, fotaled $25,174,441, compared with $28,- | coming later in 1930. the corresponding period of Total sales from January 2 to March We Solicit the Rental Management of Your Property Whether Apartment, Residence or Business Prompt Collections RENTS REMITTED THE DAY RECEIVED Our Rental Department is Most Complete and Efficient. We offer co-operation at all times in the solution of Ownership Problems, such as refinancing your mortgage, repairs, insurance, etc. RANDALL H. HAGNER & COMPANY, Mortgage Loan Correspondent New York Life Insurance Company 1321 Connecticut Ave. N\W. Phone Decatur 3600 —a plan of financing your home superior to the plan the Metropolitan Life Insurance Company offers you. Low Rates Long Term WEA\LER ‘BRO REALTORS 809 15th St. N.W. District 9436 Mortgage Loan Correspondent Metropolitan Life Insurance Company PIRST MORTGAGES A SAFE AND SANE COURSE FOR INVEST- MENT is offered in our 6'2% FIRST MORTGAGES Where income is the object you enjoy in them the factors most essential to peace of mind and profit. Passing conditions do not dis- ; turb the security of the princi- Over a Third pal (our appraisement assures of a that) ; and there is no equivoca- ; tion in the amount of interest C"mlury earned. It is 64% to the end Without o of the term of years. Loss May be purchased in amounts from $250 up —and upon our convenient Partial Payment Plan. B. F. SAUL CO. National 2100 925 15th St. N'W. THERE IS NO SUBSTITUTE FOR SAFETY FINANCIAL 26 were $79,610,584, against $79,534,278 last year, an increase of 0.1 per cent. Real f.-m, Loans Made Sears, Roebuck has 318 chain stores l Inhn' in operation today. The number op= erating a year ago was not made known. Equitable Co-operative Bldg. Ass'n 50th YEAR COMPLETED JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Assets. ............$5662,54055 Surplus & Profits......$1,70513078 Subscription for the 98th Issue of Stock Being Received __|_|_u_|_|__ The Time to Save is Now 20 ER While you have a steady in- P SHARE come, avail yourself of the op- Organized 1879 portunity to save. You will then be prepared ‘for any emer- gency. Join the Equitable 915 F St. N.W. ‘We wish to announce the retirement of MR. CHARLES REED as a general partner and MR. I. CHAUNCEY MCKEEVER as a special partner as of March 31,1930 ‘We wish to announce that MR. J. CLARKE DEAN has been admitted to general partnership in our firm as of April 1, 1930 F. B. KEECH & COMPANY MEMBERS OF THE NEW YORK STOCK EXCHANGE 52 BROADWAY, NEW YORK CHICAGO PHILADELPHIA PROVIDENCE WASHINGTON We invite applications for First Mortgage Loans 1% on residences and small bus- iness properties in the Dis- trict of Columbia and near- by Maryland suburbs . . . Lower Costs, Long Term (if desired), Valuable prepay- ment privileges, Three years loans on newer properties without amortjzation. «a H. L. Rust Company 1001 Fifteenth Street National 8100 § ESTABLISHED 1889 Loan Corvespondent for “The Prudential™ CAPITAL, SURPLUS and UNDIVIDED PROFITS, $7,476,932.78. Member American Washington, D. C. CONDENSED STATEMENT OF CONDITION March 27, 1930. RESOURCES Bankers’ Association. o ON SAVINGS. MAIN OFFICE, 15th St. and Penna. Ave, BRANCHES: 1140 15th St. NW. 7th and Mass. Ave. 8th and H Sts. N.E. 7th and E Sts. SW. Cash on hand and due from Banks............ $4,718365.75 U. S. Government Bonds and Notes, $3,394,798.84 State and Municipal Bonds....... 1,062,276.45 Other Securities .....veseeee.... 582799111 10,285,066.40 <o, 19931,617.03 50,000.00 139,139.73 258,638.25 Loans and Discounts. . . Clerks’ Pension Fund Investment w4 Customers’ Liability under Letters of Credit Accrued Interest Receivable.....c...cvcunene Banking Houses, Vaults, Furniture and Fix- tures and Real Estate Owned.. 1,771,997.56 Other Resources ......ocecsnves 47,661.81 Total ReSOUICES. . ....suvevisovoenes son$37,202,486.53 LIABILITIES Capital Stock . Surplus .. soreme Undivided Profits . $3,400,000.00 3,400,000.00 676,932.78 $7,476,932.78 DIeponite. o o\ i ol viiniee d4a s vs s ontitanece st STIMRS 10O Clerks’ Pension Fund and Interest Thereon 50,146.92 Reserve for Dividend Payable April 10, 1930. . 102,000.00 Reserve for Interest, Taxes, Expenses, etc.... 232,558.57 139,139.73 Letters of Credit Outstanding. ......... 40 Total Liabilities. .. ccouvuveeinaeneses. $37,20248653