Evening Star Newspaper, May 18, 1930, Page 72

INANCIAL. THE SUNDAY STAR, WASHINGTON, D. C, MAY 18 1930—PART SIX. BOKDSIRREGULAR |[ BOND 'SUMMARY FOR THE WEEK T IN DRAGGY MARKET .- 11-; 8 T R B EBRNems To 8y 3 ver, 40%. 101, 23 100, 10 Lib ::“::-"l 121 118 Southern Pacifo (8 122% 102:10 10028 Lib 4th 4% 136% 101% Southern Railway (8)... 116% 101 ;1!/. Southern Railway pf(§). sl!m 3 (. 4 List Holds Fairly Steady, bllt 10134 9830 U8 3%s 1340-¢ Spalding (AG) (2).. Sales of Investment Is- sues Are Thin. + * % 100% Youngstown Steel ba ‘ii. . RAILROAD. 87T%h AtchT& S Fe l‘) 48 '!l“ 91% Atch T&ASF First Mortgage Loans In Arimgion Ccunty aod Commonwealth Investmest Co,, Ine, 900 I5th B4 N.W. Phene National 3089 Mortzaze Loan Correspondont for The Prad Insurance Co. of America Spang Chalfant & Co 30% Spang Chalfant pf (6)... 94% Sparks Wil.hilllol e !B'A Spear & Co.... Spear & Co pt (7) Spencer lf(lllo‘ (1.60)... Smelt & Ref (3% ... BUpmwunn + +1+ +11 SEEE ¥k sEEFEFEE F5E aqaggaagacqaa iUl +41+ = BY DONALD C. BOLLES, % ... Y% NEW YORK, May 17.—Prices moved ; R frregularly in the listed bond market B i 108% Balto & Onio 68 today. Sales in investment issues were 110% 110% S 131, BACELEAW VA large! ed kil ™ > :’:nnmn:u::‘:‘m:hu held lhl:kmd. 108% 108% e e e, Fractional recessions were 864 80% 96 Boston & Maine 58 '61. Lt 100% 100% 25 Broadwy & Tth Av bs"43.. the investment group. 9415 Brookiyn Manh 1st 6s 4. Baltimore & Ohlo 4%s and Reading 985 Canada Nattonal 4454 Coal & Iron 6s were firm under mod- 83% C: ian Pacific verate support. Telephone issues were 1100 210 914 Central Pacifie S el 100% Central Pacific 6 Erie and International Telephone | 1 100% 100% Corp " 7 s were among the stronegst in the! 104 : 108% 106 e Geronsem ey investment group. PFrench 7s, Chile 6s 4 . 102 101% Cl nomo ‘%.," g of '62 were in moderate demand and . 10244 100% “ ChiB&Q4%s BT, oved up fractionaly. - United States 04 104 1043 ChiB & Qref ba'TL Governments were quiet and unchanged. ‘ 100% 100 72" Chd& Eant Ill gon 63 51 us . 17 64 ChiGreat West & | 122y 122 Ton e M P A T re e, n% 91 64 ChiMBtP&Padibs 108% 108% e e T i le Northwe: SmENENN Chicago Rys 68 '31. Chi R 1& Pacref és°34 ChiR1& Pac4%swi Chi Union Station 4% Chi Union Station 63 Chi & West Ind con 4 EE EFEFSNER 101% B & Oref 68’95 101% B&O D 2 102% Balto & Ohio 5 - Univ Plotures 1st pt 2% Univ Pipe & Ra, Util Pwr&Lt A ( Vadasco Sal Vadasco Sa! Vanadium Steel (t4) Vick Chem Co (2%). Virginia-Caro Chem, Va-Caro Chem 6% pf. Stand O of Cal (!% Stand Ofl Export pf ( Stand Ol of Kansas (2. Stand Oil of ) INCOME INVESTMENTS INVESTMENT DEPT. BRODIE & COLBERT 1707 l-:ye St. N.W. National 8875 Brasil $s'41. Canada 58°52 Chile Republis Colombia 65 1 Copenhagen b Caechoslovakia 88 51 - FE FERIEF AR AR S NE XN - s"FeFF w wx Stand Plate Glass. Stand Plate Gla: Starrett (LS) (12 Virginia El & P pf ( % £ IR e e N NN SR ® e = * = Vulean Detinning (4)... Vulean Detinning A (4). Vulcan Detinning pf (7) L R R T FIEE RIEET FF & o +1 Ward Baking B. Wara Baking pf Warner Bros Ple ( Warner Bros P pf (2. Warner-Quinlan (1) Warren Bros (3).. AR FiyssSeas? “gaw 4 sz Sweets Co of Am (1) Symington. . Symington Cl Telautograph (11.30)... NEW YORK, May 17.—The 1ollow\n| 1s today's summary of important co: ation news prepared by Standard tistics Co. Inc., New York, for the M- soclated Press. £ =5 Bx . 108% 102% Kreug&Toll Ssct wi'sh.. 99 98% Mexico 48 1904-5 11 11 The Industries. Milan 6%8 63 2% 91% Oll—Standard Ol of California has i B 108 reduced prices of crude 75 to 90 cents 28 & barrel in Sante Fe Springs Field only. Railroad equipment—Baldwin Loco- motive has received order for two switching locomotives from Peoria & Pekin Union Railway. Order for seven interurban cars placed with St. Louls car by Northwestern Pacific. First Mortgage Loan Applications Invited at 5)5% Cleveland Term 6a B"73. . Cleveland Terminal 634s. Colo & Sou ref 4345°35... Cuba R R 5862 Cuba North 63842 Del & Hudson 6%8'37.... Den & Rio Grande cn 4s. . Den & R G West b8 '65. Den & R G West 68 (R e S ] £° VIl 4 Orient Dev 53%s Paris-Lyon: Paris Orleans 538 19! Peru 6 Peru 7 Poland 8s°50. L+ Thermoid Co (2).... Third Avenue....... Rubber—Despite the announcement that English and Dutch rubber planta- tion owners have to cease tapping of trees during May, adhesion to plan has been promised by only about half of the producers of the world supply of crude rubber. It is estimated that curtailment of output by this measure will not exceed 30,000 tons, and that production in 1930, will be 26,000 tons ahead of consumption. Domestic stocks 1'1; cnlx.dl m:::non May 1, were 40,614 ns larger S yoar ago. T Tire pro- duction this year will not be materially larger in 1929, and the trend on crude stocks is to con- tinue upward. There appears little rea- to expect much advance in rub- from current low levels. and business aqulpmmo—lu- in large measure the general business recession, aggregate sales of office and business equipment have de- clined materially in recent months. In- dications are, furthermore, that not only consumption be continu- the near future, 'mand also will be cur- extent as & result of less favorable economic conditions abroad. The Companies. X Co. has filed answer to re- ip bill of D, T, Calls for by Adler of owne: of 50 shares company’s stock. Denies insolvency and states financial position is sound. Columbia Gas & m llrned 8 cents on common March ?n against 98 etnh ln mn period. 12 months to March 31 earned $2.13 ocommon shares against $2.32 in pre- Based on 11,600,822 Electrie shovel coal mined 1n 1920 totaled 1,156,843 tons. - 0 Hydro-] Shdres’ ‘common Baltimore Markets Special Dispateh to The Star. rally 1ig] Queensland 101 4 Queensland 7s '41, 106! Rhinelbe 7s. Rhine Wcl!phllk D Rio de Janeiro 8 Rio Grande Do Sul 68 Rome 638 ‘53 Yokohama és MISCELLANEOUS. 100% 106 Abram & Straus §34s'43. . Alleghany Co ev 5844, Am Agri Chem 1“.. 1 . Am Natural G 6%8'43. Am 8m & Ref 18t b8 47 Am Sugar Ref 6837, el&Tel ev 43839 84 Armour & Co I'Ll 9. . Armour of Del §%8'43. .. Atlantic Ref deb 58 '37... Inter Paper s A ‘47 Int Tel&Tel ev 4148 Kendall %848 (war). Laclede5%s D " Llnlt(lh Myers 58 '51. Pan-American és '3 Para-Fam-Lasky ¢s 41 Philadelphia Co 6867 1&Read C&I 68 wi 4! etrolm S #39. . Philips P k3 0% Fostal Tol & Cab 18753 101% 101% 101% 101 103% 108% 82V 82% 101% 101% PIEELSERRE T FEEF & ¥ » FEFEF ¥ - & Lt it idditid]+ Fax ssxs L0 FEEE 4+t - FEE F 3x :_*4(LI I+ IL REEE FERFERFEF F FF F T+l vi4t440110 - Io-ofill: ++ 144101 REEFEEL ‘!t#### FELT 1 - Detroit United 4%s 33 Erie 1st con 4s'96. i Grand Trunk Grand Trunk 7s Great North 4348 '7 Great Nor gen 6% Great North gen 78 '36. Havana Elec Ry 5% & M Illinois Cent ref 48 '55. Iliinois Central 4% s 66 Inter Rapld Tran Inter Rap Tr 6 sta "66... Inter Rapid Tran 33... Inter Rapid Tran ev 7s... Int & Great Nor adj i Inter Ry Cent Am 6 Iowa Cent ret 4s '51 Market St Ry 78 MU EIR & L 1t r Minn & 8t L ref MStP&SSMeKs N Y Cent deb ¢s ) N Y Cen ref imp 68 2013.. bt North Pacific 'l 65 2047.. Ore Wash 1st ref 4s 61 Penna cn 4% s 1960 n gen 4 9% RIArk& L d%s St L Iron Mt ge: 6% SLIM&SR&G 4 StL&SFprindsA 88% StL&SF 4878, !thSllFrlll Un Pacific ref Virginia Ry 1st Va Ry & Power Wabash é3%4s Wabash 1st 6 Wabash §i R I o [y ey oy e R S REFAREE A E NN NE LR ] et 1 = 11+ FEFER PR FPEFFEE REEFEFR FET PEP FEF FF FISFFEPEEIFE FEFFFEFSFEEES ——— (R SREN] - —— +l:-.' I+ ® FIREEF Third Nat Inv (2 Thompson J R (3 Thompson Prod (2. ‘Thompson Starrett Co.. Thomp-Starr p£(3%) . Tide Water Asso (60c). . Tide Water As O pf (6). ‘Tide Water O1l pf (5)... Tignken Det Axle (80c) Timken Roller Bg (3). Tobacco Products Tawin City Rapid Tr ( Underwood-Ell-Fish(5). Unlon Bag & Paper.. Union Carb & C (2.60). Union Oll of Cal (32).. Unfon Pacifie (10). Union Pacific pf (4). Union Tank Car (1.60) United Afreraft. United Afrcraft pf (3) Unit Plece Dye W (2). United Stores A. U 8 Hoffman Mch (3)... U 8 Indus Alcohol (17). 4+ e W W W Wi w W Wi Wi Wi FEFEEF F2 Western Pacific pf. Western Union Tel (8).. Westinghouse Alr B (2). Westinghouse E & M(6) Westinghse E&M pf (3% Weston Elec Inst (1)... West Vaco Chlorine(2)? Wextark Radio Str. White Motors (2). White Rock M S (14% White Sewing Machine. . White Sewing M pt (4).. Wilcox Oil & Gas... Wilcox & Rich (A) 3%.. Wileox Rich. B (2). ‘Wileox & Rich ctfs (B). Willys-Overland........ Willys-Overland pf ('n. Wilson & Co.... e EEFEFFL Construction Loans 1508 H St. N.W. National 1753 T4+ 144+ 044444 + 1 o s R ERER RE REFEFET Wilson Wilson - Yale & Yellow Yellow £ dea (AEEERE L BRI EIZINMERE NANE SN RN o PR g ¢ EssssaExr 25 #F2¥s Dividend rates as payments bu x Ex-divide |\u K .‘Ef- 10% ln 2% | 8% in stock. Plul AR STEEL PRODUCTION SHOWS GRADUAL DROP ™ Special Dispatch to The St PITTSBURGH, May —The gen- eral rate of steel ingot production has been dropping 1 or 2 points a week in the last three weeks. The April aver- age, as shown by the official report, ‘was 80 per cent, but late in April there was a rate above the average, say u per cent, while this week’s rate may be timated at about 77 per cent, 'hlch would make about 6 per cent decrease in the tonnage in three weeks. ‘There has been no noticeable de- crease in any icular line, except for the decrease in rail production in the Chicago district, now at 80 per cent. against practically 100 per cent for several months. The orders are begin- ning to play out earlier than usual, not because they were lmlller, for if -nymln: they were larger, but because early, quite a tonnage be- u oduced before January 1, when the nhmvuzlh igh thereafter. Rail production in e Pm‘bur‘h dhtrlct seml to be hold!.n( up, but has not rticularl; l"ln d steel u have continued to show & Allypln' here and there, Ap- Pmnuy there is no price, in the I in whigh there has been shading l-uly t which producerl could hope bilize the market, for if there 'u'e such a prospect, the leading interest would, according to precedent, be likely to come out openly with that price, whereupon other sellers would rally around the . A few weeks ago it was ted in some quarters that this would be done in bars, shapes and plates. ' The market is commonly gumd lower in plates and shapes, at 1.70c, with the proviso that some business has gone at less. Bars are nominally llflc but 1.75¢ has been openquuotzd in some cases, and that is probably not the limit. Re- cently all three products were at 1.80c. and at last year's best ti HEYLIGER CHURCH & CO INSURANCE STOCKS *“The most profitable of all Investments™ A net investment in American Equitable Assurance Co. of N. Y. of #772.50 med. in October, 1927, when the -tock passed from the “close corpofetlon stage to an “open market” issue, had a value in March, 1930 (le: and a half years) of $2,700. than two Woolworth Co (2.40) Worthington Pump. Worthngton Pump A(7) Worthngton Pump B(6) Wrigley Wm (4).c0000e Young Spring (3)... Youngston Sheet & T (5) luk Zenith Radio ceees 1% % Am Roll Mill.. & 19% American T&T...Augl 21% % ChiRI&Pac....May19 1% fi Ludlum Steel...May 19 1% Phillips Petm. 1 Radio-Keith-Or..May19 1% % Truax Traer C...May29 ¥ & Warner Quinlan.May 15 % % Zenith Radfo. . AM.y “ % an st nd, 1 Punly xtra. % 1 s Ps F. H. Smith Bonds At Present Prices Offer Unusual Opportunities For Profit ‘Write, Phone or Call CAPITAL CITY CO. 500 Washington Building Phone District 4291-8992 & Co (A) & Co pt = o e A+ L4+ 44+ * ‘Towne (16)... ‘Truck & Coach Tr & Coach pf. » FE # FFEES L1+ RIGHTS—EXPIRE. .June 16 W June1é 1% iven in the above table are the Quartarly of half f!lu- 3% 1n stod B 6% i stock n“-u 5 in Stock: "5 his 3% n s PRINCE & WHITELY Established 1878 Members New York Stock Exchange Announce the opening of a Washington Office in the Washington Building Tel: District 2312 MR. BERNARD A. SMYTH May 19, 1930 THERE IS NO SUBSTITUTE FOR SAFETY hhh nl.-z 8pring chicl scarce and wlnhd. wt nluu show lm,le change from Mixed colored Spring chk:km' and and, Wabash 5% s 7! West Maryland 4s 5. West Maryland § Th a typical rather than .xnphonnl example of the mofi s in insurance stocks. “'group” investment in insur- ance stocks thvovgh American Insuranstocks Corp. enables you to share in such growth. Send for booklet "Profits in Insurance Stochs.”—Boohlet-K-4 1343 % H Street Qnd Gompany tment LONG TERM SAFE INVESTMENT 82 U 8 Rubber 1st 100% U S Rub 7%s'30. :z% Utah Power & Ligh! L+t | & RFEEFEESR EE FEE RERFS Metro. 2721-2 The fact that you are relieved of all worry and concern with the reinvestment of your funds during the period of years cov- ered by our row W) 17 and 18. Old roosters The Washington Building Takes Pride in Welcoming as a Tenant Prince and Whitely Members New York Stock Exchenge PROPERTY MANAGEMENT : 6% FIRST MORTGAGES Rece! native and nearby continu M‘Hben! and the murkn easy With & further shad; noted. ml ts are more ample stocks ar l'n'llw wmd mu e going into st : ers taking hold more freely under the lower rices prevailing. The market closed ay at 21 cents & dozen for firsts, : drop of 17 a dozen from o Monday, with hen: & premium of & over quotations. ‘The white potato market continues unsettied under moderate receipts, but wvalues show no change from last week at 2.75 to 3.00 per hundred pounds for well graded No. 1 stock, but ungraded wumumbrmcomnlwzm rket for sweet potatoes and yai values show a decline n uo er Apartment House MANAGEMENT Over a Third The relative values of spe- of a cialized property management and the old method of intermit- tent personal supervision are sharply contrasted. Today as probably never be- fore your property needs the attention of experienced man- agement to get the best results. is another argitment in their favor. You can rest assured the interest is changeless, and it will come to you regularly at the stated periods. OTHER national institution is now located in “a Washington landmark,” the better to serve the thousands of people who employ the facilities of this well- known stock brokerage firm . . . These beautiful new quar- ters on the second floor will provide utmost convenience for patrons of Prince and Whitely because of the manifest advantages of this building’s location. WEAVEB_@O REALYORS Century Without a Loss Especially attractive for trust funds. B. F. SAUL CO. National 2100 925 15th St. N.W. District 9486 809 15th Street N.W. Our experience covers more than a third of a century. B. F. SAUL CO. - 925 15th St. N.W. Nat’l 2100 \fi, Bhll%. SAFE FIRST wh oyl G I ol M ORTG A G.E MORTGAGES, | copper and glass.”