Evening Star Newspaper, June 12, 1930, Page 13

284% 210 NEW YORK STOCK EXCHANGE FINANCIAL. THE EVENING STAR, WASHINGTON, , D. €., THURSDWAY, Received by Private Wire Direet to The Star Office. -All stocks are sold in ene hundred-share lots -~ by the letter s (658) b, Low. Rate. 42" 22 Ablnbler&l’lp'r Abraham & St pf (7) 50s 109 109 109 7 no 104 23% Adams kxp (1.60) 23 Adams Millis (2). (288s) . Low. Close. Close. 1 29 78 29 30% Bt 34 Addressosraph Intl. 11 Advance Rumley. 22 Advance Rumley p! % Ahumada Lead. .. Air Reduction (3). . Alr Way Tl Ap(2%). 7 8 1% Ajax Rubbs 9% 6% Alaska Jun 8514 22 Allegheny Corp. 107% 951 Alleg Cp w $30 w 514 9% : 72 57 2% 25 Amal Leather 3 & % . 144 130% msh 1361 lax'« 24% 284 24% 23% 1% 1% 1% 1% . 31 54w 5w bW Bu . 201 22% 21% 22 22 b 9% 97% 100 Alleg Cpw 340 w 5% 93 94 94 Alleg Steel(2.30). ... 843 255% Allled Ch & Dyens). €3 491 Allis-Chalmers (3). 2814 Alpha Port Cemt (3) 59 59 289 288 N 56 30% 2% 18~ Amerada Corp (2)... 26% 5% Am Agricul Chem... 6 26 Am Agricul Chpf... H 2% 77 Am Bank Note (13). Am Beet Sugar Am Bosch Mag: Am Brake Shoet §% Am Brown Bov K .8, 5"u 4“ 15% 164 60's Am Brewn BEDPf(1) 208 74l 73% 73% Am Can (4) 419 135 129 132 134% 146% 146% 146% 146 53's 53% b3's 85 95% AmC-rthynni). 100 100 100 101 50 Am Chain Co 13) 36% Am Chicle (+2%). 1213 Am Comm Alcohol 164 Am Am & Forn Power. austic (1)... 35 Am European Seeur. .. 321 6L Tl TRN TN Am & For Pwr pf(7). Am&Forn Pwr 2d pt. 100 100 100 461 46 46 L0 40 39 40u 41N 2% 126 124 12% 1754 16% 17% 164 401 401 41% 110% 110% 110% 110% 100% 27% 4 22% Am Hide & Lea pt... 55% Am Home Prod(4.20) 33% Am Ice (14). 80 Am Ice pf (6) % Am Internatl (2) Am LaFr & Foam pf. 208 105 544 Am Locomotive (4).. Am Mach & Fdy (7). 37% Am Metal (3) % Am Plano.. 2614 Am Ra&Std S 20% Am Republies. 13 “ 56 3 2301 225 225 10 37% 37 87 6214 Am]’mlun‘ulll(nl) llfl 59 Am Safety Razor(6). . BB% 6974 110 26% 274% 2644 26915 124% 1247% 17% Ry ! 63% 57% 115% 371 i 29% 1 B2% 242% Am Steel Fdy (3) 46% Am Stores (2). 60 Am Sugar Ref ( 104 Am Sugar Ref pf (7) 12% Am Sumatra Tob 216 Am Tel & Teler (3) 197 Am Tobacco 18). 197 Am Tobaceo B ( 120 Am Tobaeco pf 8815 Am Am Writ Paper 8 AmZinc Ld & Sm. 5214 Anaconda Cop (1) 33 © Anaconda W&C m 35 Anchor Cap (2.4 105 Anchor Cap pf um . 21% Andes Copper (3) 224 Archér-Dan-M (2)... 74'4 Armour of Del pf(7). 5% Armour of Ill (A).,. 2% Armour of [ (B). .. 5 . Armour of Ill pf (7). Asso Dry G (2%). 215% Atch To& S Fe (10).. 1 Bl 66 66 67 us 139 139 9 k) lox 40 404 40 u 46 46 46% 58 58 60 2 1015‘ 1074 107% 107% 1: 11 12% 216 217 240 240 246% 2473 122% 122 122% 122% 1024 95% 99 98w L] 53% bam 548 1 30% 30% 304 33 2 43% 43% 484 43% 2110 110 116 110 5 24 22% 22% 25 2 21% 21% 21% 22% 2 78% 18 22 5% % 21 8% 3% 62 20 384 374 8!!( 39 17 219% 216 218 217 147 33 35% 29 22 18% 93% 17 19% ¥ 48 121% 9% 0% 11 904 124 43 8% 10% 98 38% 87% 61% 5% 21 52% 100 Stock and Sales— Di idend Rate. 13 Congoleum-Nairn. .. 85 Congress Cigars (4). 39% Consol Cigar «7).... 76% Consol Cigar pf (7).. 15% Consol Film (2). 18 Consol Film pf (2) 96% Consol GasN Y (4).. 9915 Consol Gas NY pf(5) 49 Con RR Cub pf (6) 1 Consol Textile. 12 Container(A) (1.20). 414 Container(B)....... 28% Contl Baking (A) 50% Contl Can (2%). 18% Contl Diamond (2 58 Contl Insur (3.40). 27% Contl Shares (1) &714 Corn Prod (13%) 140 Corn Prod pt (1) 19% Coty, Ine 2614 Cream of Whi(13) 9 Crex Carpet...., . 10% Crosley Radio. 15 Crown Z Ilerb-eh(l) 74% Cruetble Steel (k5). . 110 Crucible Steel pt (1) 9 Cuba Co ceseaen 614 Cuban-Amer Sugar,, 41% Cudahy Packing (4). 114% Curtis Publish p£(7) 614 Curtiss Wright Corp 107 Curt Wright Corp A. 111 Cushman's pf (1) 105 Cushman's pf (8) 6214 Cutler-Hammer( 28% Davison Chemical .. 2214 Deere & Co pf (1.40). 161% Delaware & Hud (3). 119% Del Lack & Wn (17). 60 Denver & RG W pt.. 30% Devoe&R (A) (2.40). 195% Detroit Edison (8 139 Diamond Match (8) 6% Dome Mines (1). 20 Dom Stores ($1.20) 77 Drug Corporatn (4). 215 Duluth S S & Atl pf.. 27% Dunhill Int} (34) 11214 Du Pont de N (14.70) 127 11415 Dupont deN db pf(§) 2 100 Duques Ltistpf (5) 1 441 Durham Hos pf(6). . 340s 176% Eastman Kodak (18) 113 244 Eaton Axle &8 (3).. 28 40 " Eitington-Schild pf.. 1 78% Eleo Auto Lite (6)... 78 414 Electric Boat 49% El Pw) ) 106% El Pwr & Lt pf (1) 66 Elec Storage Bat (5) 17% Emp Capwell (2).. 49 Endicott-John (5). 894 Eng Pub Serv (2.40) . 39% Equit Office Bldg (3). 40 ErleRR...... 61 Erle RR1stpf (4)... 20 Eureka Carp Cl (4) 10% Evans Auto Ldg 2% 3% Fairbanks Co.. 12 Fairbanks Co p! 841 Fairbanks Morse (3) 102 Fairbanks M pt (7).. 1 59% Fed Lt & Tre ($1%). 7% Fed Motor Tr (80c).. 82y Fed Wat8, A 0) 9 65% Fid Pho Fire 1(2.60). 12 7. Fifth Ave Bus (84c). 50s 92 Filine's pf' (6%).... 8508 20% Firestone T&R(1.60) 6 76 Firestone T&Rpf(8) 1 so% Biest Nat Stra (3)e 10 10 Fink Rubber 18t pf. , 3408 423 Flosheim Shoe A (3). 2 96's Florsheim Shpf(6).. 1 80 Follansbes Bros (3). 1 S o S 3 B EeaRARE Saha a o =% waRow 384 Freevort. Tex ( 89% Fuller pr pf(17.94 STOCKS STEADIER ON SHORT GOVERING Pivotal Issues Meet Support’ After Heavy Selling in Forenoon. BY CLAUDE A. JAGGER, Associated Press Financial Editor. NEW YORK, June 12.—Wall Street’s spirits held at a low ebb today, although heavy oversubscription of the German . | bond issue and predictions of a prompt | disposal of the tariff measure, at last, | were regarded with satisfaction, if not with enthusiasm. Liquidation still poured into the stock market during the forenoon, but better support ap- peared, and most of the 2-to-5 point losses in important stocks were recov- | ered. Weakness in Commodities. Renewed weakness in copper metal, which sank !5 of 1 cent to 123 cents a pound on publication of the June 1 statistics, showing a moderate increase in stocks, again served to turn the spot- light on the somewhat steadier, but still none too steady, commodity price struc- ture. Renewed heaviness of wheat did not help the stock market. While, with the recent decline in sterling, banking quarters had not looked for a further | reduction in the Bank of England's rate this week, the fact that the rate was unchanged caused some disappointment in_speculative circles. The severe break in stockss yesterday caused considerable more jettisoning of weakened marginal, accounts today, which, together with further bear raids and unloading by investors suffering from pessimism, sent a wide assortment of issues to new lows for the year, in- cluding such issues as American Tele- | phone, New York Central, Baltimore and Ohio, Chesapeake and Ohlo, Inter- national Telephone, Chrysler, Stude- baker, Nash and Sears Roebuck. Short covering appeared in large volume around midday, however, and moderate recoveries appeared in pivotal shares. Trading was in heavy volume, the ticker falling several minutes behind the market. Money was so plentiful that the 3 per cent call loan rate on the Stock Ex- change was cut to 2); per cent for the first time since March 20. Money United States Steel, which has been down te 181, off 2i; points net and only half a point above the year's low, established _yesterday, moved slightly above the Wednesday close. American “Can, Westinghouse, Eastman Kodak and’ Johns-Manville showed recoveries of 3 to 6 from the bottom levels, Late Trading. Auburn_Auto, which had been off 8 points to the new low of 12013, snapped back to 130, while J. I Case recovered more than half of a 1415-point decline. The market turned dull on the rally and the ticker, which had been 21 minutes in arrears, caught up with the trading. NEW SECURITIES NEW YORK, June 12 (#).—New se- curities offered today include: German government, $98,250,000 in- ternational 5!, per cent international | loan, 1930, 35-year bonds, due June 1, 1965, priced at 90 and accrued interest, by syndicate headed by J. P. Morgan & Co. City of Camden, N. J., $6,868,000 4% | per cent bonds priced to ‘vield from 3.85 to 4.15 per cent, by Bankers Co. and synaicate. Nassau County, N. J., $1,700,000 4% | per cent bonds priced to yield 4 per cent, by M. F. Schiater & Co.” and syndicate. City of Quincy, Mass., $600,000 notes to yield 2.80 per cent by Salomon Bros. & Hutzler, City of Waltham, Mass., $400,000 notes to yield 2.40 per cent by Salomon Bros. & Hutzler. | U. 8. TREASURY BALANCE. The United States Treasury balance announced today as of close of business June 10 was $59,399,842.74. Customs receipts for the month to date were :14 228, wfiz az " Total ordinary expendi- ure 7. and nearby Maryland Home Apartment JUNE 12, 1930. Money to Loan Secured b Sret dsed af trast on real estate. Joup i Woller REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD IMPROVED PROPERTY Reasonable Ra Prompt Action B. F. SAUL CO. 925 15th St. Nat'l 2100 First Mortgage Loans On improved Real Estate in the District of Columbia nd Virginia for 3, 5 or 10 year terms on your S5%% Apply Office Building Business Property FINANCIAL. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. NW. 64th Issue of Stock Now Open for w;' Money loaned to members on easy monthly payments -r.ll- "Money on Hand to Loan o First Deed of Trust 69 Interest Reasonable Commission and lies JAMES F. SHEA 643 Louisiana Ave. N.W. Beating the Game the famous gambling casino at FRANCOIS BLANC, founder of Monte Carlo, is said to have conceived the project one rainy day when he jokingly played a roulette wheel for the price of an umbrella, Instead of winning an umbrella he lost 1,000 francs and this brought home to him the realization that no one can “beat the game” in gambling . . . And what is true of the race-track and roulette wheel is equally true in the - field of finance—only the man who does not take a chance is always sure to win. In the unfailing, unvarying return of investments such as the First Mort~ gage Notes sold through the Swartzell, Rheem & Hensey Company, the small as well as the large investor will find a sure means to increasing wealth. We will be glad to send you a booklet fully describing these Notes. Or you may prefer to call and go over your problems with us personally, i SWARTZELL, was available outside at 2 per cent. It appeared that Wall Street might ex- perience another flood of credit as it | did during the Treasury financing of March. With market sentiment radi- cally changed, however, its effects, normally tonic, are problematical. The midday rally carried leading stocks to 1 to 4 points above the morning lows, with more substantial RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT NEW YORK LIFE INSURANCE COMPANY r 1321 Connecticut Ave. Decatur 3600 727 15 STREET N.W. WASHINGTON D.C. improvement in Volatile Specialties. $98,250,000 German Government International 5'2% Loan 1930 THIRTY-FIVE YEAR GOLD BONDS United States of America Issue RHEEM & HENSEY CO MORTGAGE BANKERS A 69 Gamewell Co (5).... 3% Gardner Motor. 10% Gen Am Investor: 107 102% Atch To & SF pf (5). 176 161% Atl Coast Line (110! 80% 059 AtlGulf & W Ind(1 4 106 2 160 3 59 Dated June 1, 1930 Due June 1, 1965 Interest payable June 1 and December 1 | 65% ° B1n 263% 122% | Bdy 20% 34 68 92 i 86% 57% 5614 110% 35% 22% | 81% 43 74 43 1104 1’35 2 51% i 48 110 18 o~ 112% ! 5% 226% 52 1 34 1.28% 862% 2418 | 821 10 1 10% | 53% : 1% i 52% [ 26% 1 46% 1 89% 140% 187 7 55% 125% 110% | 82% 67% 43 £49 13% vy 60 105 191% ek § 35% | 20% 59 - Atl Gulf&W Ipf (5 364 Atl Refining (12). 744 Atlas Powder (4) 101 © Atlas Powder pf (6). 1 26% Atlas Stores (n1)... 6 Atlas Tack. .. . 125 - Auburn Aute (34). 414 Autosales. ... Auto-Strop Saf R(3) 4% Aviation Corp of Del 23 Baldwin Loco (!‘)- 108% Balto & Ohlo (7). 63 Bang & Aroos (3 1614 Barker Bros ux. 1 20%4 Barnsda 59 Bayuk Cigar ll). . 67% Beatrice Cream (4 80 Belg N Ry pt pf 6.49. 327 Bendix Aviation (3). 81 Best&Co (2).. 86% Bethlehem Steel (6). 122 Bethlehem 8tl pt (1) 1314 Briggs Mfg Co... 21% Briggs & Strat (2).. 13~ Brockway Motor Trk Brockway Mot pf(7). Bklyn-Manhat (4). Bklyn&Queens pf (4 Bkiyn Union Gas (6) Brown Shoe (3) 13% Bruns-Balk-Col. 14% Bruns Ter & Ry 224 Bueyrus (1)... 33% Bueyrusev pf (23). 107% Bucyrus pt (7). 2% Budd (86) (1) Buff & Sus pf ctfs(4) 29% Bullard Co (1.60) 264 Bulova Watch (3 97% Burns Bros (A) (8).. 17 Burns Bros (B).. 37 Burr Add Mch (1), 36 Bush Termnl (2% ) 100% Bush Term deb (7) 109% Bush T Bld pf (7)... 21 Butte Cop & Z (50¢). 1 70 Byers (A M).... 65% Calif Packing (4)..w 1 Callaahan Zine & Ld. 50% Calumet & Ariz (2).. 16% Calumet&Hec(al%). 19 Campbell Wyant (2). 5714 Canada Dry G A (5). 187% Canadian Pacifie(10) 484 Can Pacific(new)w.i. 23% Cannon Mills (1.60 18% Capital Adm (A) 1924 Case (JT) (6)... 54 Caterpillar Trac 3% 8 Cavanaugh-Dobbs. 69 C 2¢ 60 2314 Cent Aguirre As 13, 3% Century Rib Mill 50% Cerro de Pasco ( § Certain-teed Prod. .. 30% Checker Cab (4.20).. 183 Ches & Ohio (10).... 61% Ches & Ohlo Corp u) 4% Chi &"Alton. 5% Chi & Alton 36 Chi & Eastern I 11% Chi Great Western, 34 ChiGreat Westn pf 16% Chi Mil StP & Pac 255 Chi Mil S8tP & Paq 75% Chicago& N W (6).u 136% Chi &N W pt (7) 173 Chi Pneu Tool. 48% Chi Pneu T pf (3% 105% Chi RT& Pag (1) 100 106 ChiR1& Pacpf (7). 20 Chickasah Cotton Ofl 53 Childs Co (2.40)....0 30% Chrysler Corp (l 39% City Ice&¥ (k3. 75 City Stores mu. 33 Clark Equipment (3) 30 Cluett-Peabody (5).. 91% Cluett-Peabdy pt 7) 1331 Coca-Cola (6). 4812 Coca-Cola A (3) 58% Colgate-Pal-P (2%). 14% Collins & Afkman. .« 13 Colonial Beacon 36% Col hul& Irom (3).. 6 El(1)...0 104% Col Gll h El pt A(6) + | 87% 20% Colum Graph (a28e). 128% Cclllmbllu Card (16) 23% Comm Credit (3). 22 Comm Cred pt B (2) 764 Com Credit 1st (6%) 25 Comm Solvents (31) 12% "Comwith & Sou(80e). 58% 5B% 59 1 B9% B9% b9% 6o | 111% l 117 l!‘i 87 72 no- 105 105 28 E 52% 62 84 6% 5% 5% 24 28 22 22% 28 22 108 107 107 108% 1 74 T4 T4 UM 00s 16% 16k 164 16% 56 23% 22% 23% 22 1 63% b53% B3u 59 82 84 52 53% 831 83% 6 1317% 1830% 130% 181% 19 44% 42% 4d4% 42y 175 82 TT% 80% 82% 46 34% 33 34 354 18% 18% 19 M- W 184 17% lm 18% 81 81 16% 4 17% 16% 17% 17 15 24 23% 24 24% 4 39 38 38 39% 108 113% 118% 118% 1134 28 10 9 %% % 21 11% 11 11% 10% 1 B9% B9% B9% 89U 305 91% S1% 914 9% fil 40% 374 39% 414 29' 284 285 29 5 100 96% 100 97% 190 220 ‘20~ 30 74 838% 37% 38 38U 12 38K 3T% 8Tn 88N 708 106 105 105 105% 208 114% 114% 114% Y14% 2% 2% 2 3 87 80% 83% 86% 1% 63% 16% % 635 63% 29 1965% 195 196% 197 B4 49% 484 49w 48y 1 23% 23% 23% 24 2 19% 18% 131 219% 202 49 68% 66% 6 62 21% 65 2% 304 33 1878 17914 182% laz 60 63 60% 63 61u 5% 5% 5% b 5% 5% 5K 36 36 a7y 1% 124 11% 40 40% 15% 16% 26% 261 s 76 6% 754 2 138% 136% 135% 140 l 18 17% 1T% 1% 49% 49% 51% 50 12 :om m% 106 105% 106 20% % 30 41% 8 34 l!‘fi 30 l'l’l% l" H‘IV- 17“ B Sh - 28% 2 12% 13 124 2 0 sk STy 226 T6% 1w 78% 3110 100% 109% 1008 31 21% 204 21% 21% 41145 13T 148 1 26% 27% 36% 364 244 90 86 1% 2 282 26 4% 282 15% 1708 150, 1% lll‘/a n‘l v- 19% 82 97% Gen Am Tnk Car(34) :2 86% Gen G&EI cv pI(6) 87% Gen Ital Eds (82.62). 456% Gen Mills (3) - 20 Gm Mills pf (6). 37% Gen Motors (13.30) 94% Gen Motors pf wi (5) 117% Gen Motors pf (7,... 11% Gent Out Adv (2).... 82% Gen PublicSve (b6).. 84% Gen Ry Signal (6)... Gen Realty & Util. Gen Rity&Ut pf (¢6). Gen Refractor(14%) Gen Steel Cast pf (6) Gen Theat Equip vte. Gimbel Brol ht l" Glidden Co (2). Gobel (Adolf). Gold Dust (2% Goodyear Tire (5)... Goodyear 1st pf (7).. Gotham Silk Hosiery Gotham 8 H pf (7)., Grt North pf (6 Grt North pf et Gr Nor ctfs Ore (a%. Grigsby Grunow.... 235 & North Steel (4) Hahn Dept Stores.... 16 Hahn Dept 8 pf(6%) 1 Hall (W F) Pr Co(2) 2 Hanna pf (new) (7). 3108 Har Wkr Ref (12%). 4 Hartman (B) (1.30). 22 Hay 13 1 4 26'4 Holland Fur 2 6 1 T4% 1 14% Houdaille-H (B)1.20, 17 Household Fin pf(4). 6 Houston O11 (b10%). 339 Howe Sound (t4%).. 17 Hud&Man Ry (3.60). 3 Hudson Motor (6)... 100 Hupp Motor Car (2). 32 Illinots Central (7)., 12 Illinois Cent 1s In(4). Independ O11 & G(2). Ind Motor Cycle..... Ind Motor Cycle pf.. Indian Refining. Indian Refining Tots. Ingersoli-Rand (16). Inspiration Cop (2).. Insurance 8h (4be).. Interboro Rap Tran. Interlake Ircn (1) Intl Agricultural. 152% 18 IntlCarriers, Ltd %« Gm l-u Cement (4).. Combustion. J ’I!M !!l'.l Harvester (. 81% Intl Hydro E1 A (e2) 65% Intl Match pf (4) e ) (3) 54 Intl Tel & Teleg l,)n 24 Inter Dept Strs (3). 70 Inter Dpt 8 pf !'(1) 110. 17 hvum-lqulty( ). 34% Island Creek Coal(4) 4 43 Jewel Tea (N)....n 92% Johns-Manvill 2 Jordan Motor Ca 70% Kan City Sou (§). 11% Earstadt (R) (1.03 7 (Continued on Page 14X BANK FOR INTERNATIONAL SETTLEMENTS, TRUSTER. at or before maturity, is to be applied to the purchase A cumulative 'lnhnfoluud, computed to be sufficient to retire the entire issi he redemption at that price of Bonds drawn, by lot. of Bonds at or below 1007, and accrued interest if available, or otherw Redecmable at 1009, and accrued interest upon not less than J5 days’ previous notice, on June 1 of any year through the sinking fund, and on June 1, 1935, and yearly thereafter in amounts of not less than $7,500,000 principal amount at the option of the Government. Coupon Bonds in denominations of $1,000, $500 and $100. Principal and interest payable in New York City at the office of J. P. Morgan & Co. in United States gold coin of the standard of weight and fineness existing on June 1, 1930, without deduction for any German taxes, present or /uture. Dr. Paul Moldenhauer, Minister of Finances of the German Reich, has furnished the following facts regarding the German Government International 514%, Loan 1930, @ more complete statement being printed in a circular dated June 12, 1950: - The payment of the principal, interest and sinking fund of the Loan is the direct and unconditional obligation of the German Government to the bondholder, for which the full faith and credit of the German Government are pledged. Principal and interest of Bonds of the United States of America issue are payable in dollars. Payment may, however, at the option of the holder, be eflected on any foreign market where any of the Bonds of the Loan are quoted in the cuyrrency of that market at the then current rate of exchang set forth in the General Bond of the Loan. These Bonds constitute part of the German Government International 51,9, Loan 1930, which is to provide an aggregate eflective amount equivalent to approximately $300,000,000 by the lunnce of portions of the Loan (in bonds of various currencies, all of equal rank, without priority of any bond over any other as to the payment of principal, interest or sinking fund) in the following countries and in the following principal amounts: United States of America, $98,250,000; France, 2,515,000,000 {rancs; Great Britain, £12,000,000 sterling; Holland, 73,000,000 florins; Sweden, 110,000,000 kronor, Switzerland, 92,000,000 Swiss francs; Germany, 36,000,000 reichsmarks; Italy, 110,000,000 lire; Belgium, 35,000,000 belgas. Two-thirds of this Loan represents the capitalization of a portion of the unconditional annuities payable by Germany according to the New Plan, and the proceeds thereof will be paid to the Bank for International Settlements for the account of the Creditor Powers concerned. The remaining one-third of the proceeds of the Loan will be utilized by the German Government to provide for requirements of the German Railway Company and the German Post Office and Telegraphs. The German Government International 51,% Loan 1930 is authorized by Law of March 13, 1936 and by Law of May 30, 1930 enacted by the German Reich. The Lgan is issued in conformity with the New Plan adopted by The Hague Agreement and with the Mobilization Agreement, both of January 20, 1930, between Germany and the signatory which Agreements were ratified by the above-mentioned Law of March 13, 1930, and, for the purpose of i of this Loan, the German Government has executed its General Bond to the Bank for International Settlements as Trustee. The Hugue Agreement, between Germany and the signatory Creditor Powers, states ‘‘the New Plan is definitely c'c'ctptsd as a complete and final settlement, so far as Germany is concerned, of the financial questions resulting from the Wu For further particulars, reference is made to the more detailed statement printed in the circular, a copy of which may be obtained upon application. The Bank for International Settlements has taken note of such statement and has agreed to act as trustee for the bondholders, THE ABOVE BONDS ARE OFFERED FOR SUBSCRIPTIOXN, SUBJECT TO THE CONDITIOXS STATED BELOW, AT .90%, AXD ACCRUED INTEREST, TO YIELD 6.20% TO MATURITY. Subscription books will be opened at the office of J. P. Morgan & Co., at 10 o’clock 4. M., Thunday, June 12, 1950, and closed in their discretion. The right is reserved to reject any and all applications, and also, in any case, to allot a smaller amount than applied for. All subscriptions will be received subject to the due issue and delivery to us of the Bonds as planned and to the approval by counsel of the form and validity of the Bonds and of the relevant proceedings and authorizations. The amounts due on allotments will be payable at the office of J, P. Morgan & Co., in Xew York funds to their order, and the date of payment (on or about June 26, 1930) will be stated in the notices of allotment. Interim Receipts, exchangeable for definitive Bonds when received, are to be delivered. J. P. Morgan & Co, Kuhn, Loeb & Co. First National Bank, New York The National City Company Guaranty Company of New York Bankers Company of New York Chase Securities Corporation Harris, Forbes & Company Lee, Higginson & Co. - Kidder, Peabody & Co. Dillon, Read & Co. Halsey, Stuart & Co., Inc. Brown Brothers & Co. International Manhatian Company, Inc. ~ New York, June 12, 1980,