Evening Star Newspaper, July 3, 1930, Page 10

FINANCIAL. THE EVENING STAR, WASHINGTOX. D. C. THURSDAY, 1930. NEW YORK STOCK EXCHANGE | |STOCK PRICES SAG TYLER & RUTHERFORD Received by Private Wire | Notice—All stocks sold In one hundred-share lots 3 Stock and Sales— IN INABT'VE TRADE 'l-r 3. 5 or 10 years. i ex: ing those dulgn:gr:d by the letter s (65s) (285s) | Hi e Dividend Rate. A“l@l!;l. . oy 9% REAL ESTATE LOANS Guess Again inJu Speculative Exhaustion Evi- dent in Market’s Moves Before Long Holiday. | | | Advance Rumley pf.. Ahumada Lead. . Alr Reduction (3)... Alr Way Tl Ap(2%). Liberal Allowance on’' Your Old Tires 3436 14th St. N.W. Adams 8100 Road Service—Charge Accounts Invited Money to Loan Secured by first deed of trust on real estate. Prevailin, terest and comm! Joseph I. Weller ¢, ®yh & & 1T TRUSTEED SHARES 5 Am Brake Shoe (2. —the IDEAL INVESTMENT_for in- 21% Am Brown Bov Elec. Yalors who' demand '~ SAFETY. 1561 108% Am Can (4).... v and GROWTH of pricipal 8214 42 AmCara Fay ( Specially | suited_ to long-term in: veximents “for individuats, trust ||| 116 95 Am Car & Fay pf(7). funds and funds of orsanizations. 69% 39 Am Chain Co 13). Sold in Lots—$100.00 U, 36% Am Chicle (12%) Calt & ‘fy"-,; 2 Am Comm Alcohol. Am European Secur. 1 37 Standard Collateral Am & Forn Power... 126 64% 3 Am & For Pwr pf(6).100s 101 Shares Corporation Woodward Building Met. Am Beet Sugar p Fox Film (A) (4). Freeport. Tex (15).. Fuller 2d pf(17.40).. Gabriel Snub(A)new Am & For Pwr pf(7). 1 107% Am Hawalian (110). 3 Am Home Prod(4.20) \ :m Lnol.mlll (f’)‘ - First Mortgage Loan Am Metal (3). Applications Invited at 5%% | 43% 3 Am Snuff (133%) . 52% 35 Am Steel 3 Construction Loans 16 ool Am Ra&Std San 13 Am Rolling Mill(n2) Am Safety Razor(5) Am Shipbuilding (5) 30s Am Ship & Com. . 3 AmBRR Bt (4). 10 per cent reduction of all salaries by | Atchison, Eastman and Colorado Fuel. Chrysler Corporation, explained as “con- | Such stocks as United States Steel, Gen- sistent with a retrenchment policy |eral Electric, Standard of New dJersey, which the current depression in Busi- | American Telephone and American Can ness demands,” was regarded in Wall | lost 1 to 2, or more. Street as refreshing in its frankness and Call money renewed at 214 per cent, but sank to 2 as funds were freely of- (erded for employment over the week end. Gold Dust pf (6) . Goodrich (B F) (4).. :: g.‘,‘.‘:,’;f,"f; | Goodrich (BF) pf (7) 110 103% Am Sugar Ref pf 1 bt ST Goodyear 1t bt (7). 26% 9% Am Sumatra Tob. Glover & Flather 27% 16 Am Tel & Cable o I Eomlery 274% 200'% Am Tel & Teleg Graham-Paig e 5 Granby Con Min ( 1508 H St. N.W. fgf‘vz i H 32¢ 3 Grand Silver S (m1). Grand Unfon. . National 1753 };}:fi i Grand Union pf | 204 Ty 8 11% 4% 19% . 4 30% 3 44% Anaconda Cop (3%).. 30 9 5 i e id in odd lots only. % Elec Auto Lite (6).. 20 &: 1520K St. N.W. shows wm’m.(o be -!o.k: Pl RTINS 5 30 —— Dividend Rate. Add 00. High. Low. Close. Close Abraham Strauss... 1 45 45 503 Abraham & St pf 20s 108 1081, Ad: 26% 2 241 24% . Eng Pub Sve f(53%) 88 88 Equit Ofice Bldg (3) 27% 27 27 27% Erfe R R. .o . 3% 3 Erfe RR 1st pf (4).. 10 ureka Carp Cl (4 81 9 Evans Auto Loading. 2 Fairbanks Morse (3) 4 Fed Lt & Trac pf (§) 208 e e LS . Fed Motor Tr «80¢). 1 NEW YO! Mo o it Fed Wat 8. A (e2.40) 5 ticker told a tale }?‘ speculative ex- h' h f t h bee. Alaska Juneau. ®1d Pho Fire 1(2.60). 2 3 5 | haustion today. S| rednrlcn drifted | URING the clos- which satety has Allegheny Corp. .. Fifth Ave Bus (64c). 90s lower s trading dragged along at the y D v proven. Alleg Cp w 340 w 634 E 9 69% Firestone T&R pf(8) 1 slowest pace In ‘wo years, barely keep- ing weeks of Alleg Cp.x $30 w 5. F Nat Strs (2%) 2 ing n motion until the closing gong | ks li h poy 5 M Allied Ch & Dye(n§) . 2 i Fisk Rubber. ... 1scl'nspended activity for the triple hol- June, 175 stocks listed The 6% First Mort- % Allls-Chalmers (3) Fisk Rubber 1st pf.. 200s lay. \f Ji Amerada Corp (2). Fisk Rub 18t pf cv.. 100a Most of the active traders had al- | on the New York gage . Notes offered Follansbee Bros (3). N ,;';g,:,;g;;’mb:;;, — Exchange reached new lows through the Swartzell, we , ample ime o explode prellminary fire- for the year—some of them | Rheem & Hensey Company crackers e Narro e streets of % Wall and Broad streets, which at least PETEN A DRURY below Sthch cfrash levels fli hfa\ fie we;t!hered f'lld years "The market appeared o be in meed | Who has resigned as chairman of the 1929. Such facts prove the of financial ups and downs. of Dothing o much as & rest The| pord of directors of the Merchants'| worthlessnessof advicegiven During all that time they selling movement of June appears to | Bank & Trust Co. Mr. Drury organ- have been completed. The market has | 1ed the bank and is one of the best- so freely last December— have not fluctuated o had a thorough housecleaning, as the | known financlers in Washington. He | «Now is the time to buy penny in value—and they overnight announcement of a $1,000,- | Femains a director. it h A 1 o eatls 1 id Gen Electric (1 000,000 reduction in member loans dur- |t the long list of smaller compantss| —they can’t go any lower! e N I DT Gen Elec spec (60c). 3 ing Jufleh vo mot found b ctive | having omitted dividends, | The man who has invest- every interest return, ex- Gen Food Corp (3) interests have ottt opions nt | ,, The Department of Agriculture stated | : + 1 1 he day it is d Gen Gas&EL A(e30 ditions encouraging e""“l( O WAITAD | that the price index of farm products ments maturing in July actly on the day it is due. Gen G&EI cv pf (6).. the active bidding up of prices and|phaq 1ost only 1 point from May 15 to Il fephsides chis. evidance Gen G & El pf A (8). bears have held to their short positions. | june 15. A survey of the wheat situa- g First Mort s now pa Gen Mills (3)....... The market has reached an impasse of | tion from the same source, nowever. - carefully before he takes irs ortgages now pay Gen Mills pf (6) uncertainty, with immediate possibilities | dicated that only extensive reduction of ! lati the highest return of any Gen n’:o:ern;:.xln()s.). .p&lretntlry‘;:h;u;fi‘“kfl activity ap- | STeR6e could make wheat gmwm.} a chance on speculative g & 5 ¥ . Gen Motors pf w 0st of a; - | profitable during the next several years, i ) Gen Motors pf (6).. peared to represent the lightening of | Wheat prices again eased on the cni:| Stocks . . . He will -faft mvestment, ana now 715 Gen Motors pt (7). .. holdings in preparation for the holiday | cago market. eliminate guesswork—place is the time for you to take Gen PublicSve (b6). and bearish activity by floor traders, Alr Reduction broke about 10 points, . . . . d : 1% Gen Realtv & Ot who had no commission business {0|a sharp drop for this issue. Alid | his funds in a security in advantage of it. ¢ Gen Refractor (114 occupy themselves. A few lssues broke | Chemical lost as much, and Gilletie en Theat Equip vie rather sharply, evidently reflecting the | dropped 4, to & new low for the past Gillette Saf Raz(n6) lack of orders on specialists’ books. five years. Shares losing 3 or more in- SWAQ"‘ztl_l_ Gimbel Bros. . The day's news, such as i was, cluded American Water Works, Con- Y % Glidden Co (2).. favored the bears. Announcement of a | solidated Gas, May Department Stores, R H C Gobel (Adolf). Py HEEM & HENSEY Co. 727 15 STREET NoWo/ WASHINGTON D.C. Gr Nor ctfs Ore (a% . Money to Loan On Approved District of Columbia and Maryland 34% Anchor Cap (2.40)... 18 Andes Copper (13 19% “Archer-Dan-M (2).. 74% Armour of Del pf(7 4% Armour of 11l (A) 55 Armour of Il pf ( 6 Arnold Constable 10 Artloom (1).. 3114 Asso Appl Ind (4) 85 Asso DG Istpf (6). 3214 Asso Ol (2). Grt West Sug(1.40).. 3 Grt West Sug pf (1).140s Grigsby Grunow.... Guantanamo Sugar.. 2 Hackensack W (1%) 620s Hackensk pf A(1%). 30s Hahn Dept Stores... 5 Hahn Dept S pf(6%) 1 Har Wkr Ref (12%4). 8 Helme (G W) of (7). 108 THE NATioNAL Cirty BANK 24215 194 Atch To & S Fe (10). 102% Atch To & SF pf (5). 105% N | 1751 152% Atl Coast Line (110). 3 147 5] &,’ 6 51% :0% Atl Refining (12). ¥ 8 35 36% 2/0 o 3 25% Atlas Stores (n1).... 8 29y "o 29% 263% 91 Auburn Auto (j4).... €7 g"“;:"fl“fl; 15"0?;-)-1-2‘6' lication. 37 Auto-Strop Saf R(3) 60% 5 : * Hous = e 4% Aviation Corpof Del 155 b4 5 5 EAn U T Invited 19% Baldwin Loco (1%). 5 22 21% Howe Sound (343>, 104} Baldwin Loco pf (7). 10a 105 Hud&Man Ry (3.50). 122% 984 Balto & Ohfo (7).... 7 102% P pon Aroter (6 845 784 Balto&Ohlopf (4).. 2 82 e diotse Car 110% 107 Bamberger pf (6%4). 100s 107% 7 84% 63 Bang & Aroos (3%). 70 Tilinots Centra (7)., 1435 K St. N.W. 34 20% Barnsdall. A (2).... Independ Ofl & G(2). P 92 67% Beatrice Cream (4). Ind Motor Cyels . National 2345 57% 27% Bendix Aviation (2). Indfan Refining. ... . 56% 31} Best&Co (2)....... Indian Refining rcts. 110% 75% Bethlehem Steel (6). 134 1221 Bethlehem Sti pt (1) 41% 31 Blaw-Knox (1%)... 69 281 Bohn Al & Brass (3). 90% 60% Borden Co (k3). 50 23% Borg Warner (3 24% 13% Briggs Mfg Co Mortgage 224% 12% Brockway Moto: 78% 58% Bklyn-Manhat (4)... Hercules Powder (3) 1 Hercules Pow pf (7). 10s Hershey Choe (8).... 7 Hoe (R) & Co. . Holland Fur (et2%). . OF NEW YORK Head Office: 55 Wall Street New York Real Estate D Capital, Surplus and Undivided Profits $242,973,145.67 Condensed Statement of Condition as of June 30,1930 INCLUDING DOMESTIC AND FOREIGN OFFICES Indus Ray (b6 % stk) Ingersoll-Rand (16). Inland Steel (4). Inspiration Cop ( Insurance Sh (46c; ASSETS * Cash in Vault and in Federal Reserve Bank ...... $147,094,883.58 Due from Banks, Bankersand U. S. Treasurer... 305,902,958.58 § 452,997,842.16 Loans, Discounts and Acceptances of other Banks —........ .. ... 1,147,057,809.49 United States Government Eond_s and Certificates $168,165,713.90 State and Municipal Bonds ..... .. ... oo oo o 2,615,789.19 Stock in Federal g(eserve Baaks, . o woiisniaiin Other Bonds and Securities. .. v. v. v os sue o on Ownership of: International Banking Corporation. . ... ..eeeessessenoensson Bank Buildings . ook Sidiaih Items in Transit with Branches...... sis Customers’ Liability Account of Acceptances . e A s et vl BEnaiNey 7,458,071. T01l. « o e s i e v e v en e $2,078,337,252.89 LIABILITIES Intl Bus Mach (n).. Intl Carriers. Ltd %. Intl Combustion Intl Comb Eng of. Int Combust pf ctf Intl Harvester (23). Intl Harvester pf(7). Intl Hydro E1 A (e2) Intl Match pf (4).... Int] Mer Marine (1).. Intl Nick! of Cen(1). Intl Paper pf (7) Intl Pap & P (A)2. Intl Pap&Pwr pf (7). 5 T 7 8 9 3 9 4 3 1 1 1 2 1 2 8 2 1 4 1 6 5 2 oo e (2). 2).. 91000 020 10 016 se0 oe 33% Bueyrusev pf ll‘b'): 7% Budd (EG) (1). - ¥ 29% Burr Add Mch (1 Intl Print Ink of (8). 109% Bush T Bld pf (7). Int] Salt (new) 8% 06 CanadaDiyGa (o), Jones & Laugh pf(7) { ]I " 184% Canadian Pacific Jordan Motor Car. B. F. SA CO. 344 20 C Mills (1.60) 2 ‘annon s (1.1 . 925 15th St. 84% Bklyn Man Tr pf (6). M 10 ' Brooklyn & Queen: oney 374 Brown Shoe (3 8% Budd Wheel (1). 27% Bullard Co (1.60). IMPROVED 24 Butte Cop & Z (50¢) . p Int] Shoe (3) 112% 66' Byers (A M).. 2 7 Intl Te] & Tel 524 45% Can Pacific(new)w.L st S Nat'l 2100 362% 1564 Cane (J 1) (8 Keith-Albee-O pf(7). 1 132 115 Case (J 1) pf (7). 13% Bruns-Balk-Col 6% sont 0 BUILDING 26% Bulova Wateh (3) PROPERTY 77% €2 Calif Packing (4).... Inter Dept Strs (: Kelly-Spring Tire... 10 54 Caterplllar Trac 13% 33% 11 BrunsTer & Ry 8. LOANS 89% Burns Bros pf (1) Reasonable Rates 89% 48% Calumet & Ariz (2) TR e Kelly-Spring 6% pt. 40s Celanese Corp 31% 19% Bucyrus (1).. or 15% Burns Br Prompt Action 33% 13 Calumbt&Hec(al). Johns-Manville Kelly-Spring 8% pf. 1008 10% Celotex Co. 23% Cent Agulrr . 3% Century Rib Mills. .. 51 Cent Rib Mills pf (7) 5% Certain-teed Prod... 43% Cerro de Pasco (6).. 20% Checker Cab (4.20).., 'y Hayes (3). nator Corp. Kennecott Cop (3 24 Kinney (mdx ) ot (8). 205 0. .. B 4 Kresge (SS) pf (7)., 108 e n e e tTon e e e oo v s we oo o - $110,000,000.00 Undivided Profits ... Reserves for: voe ceveees 22,973,145.67 § 242,973,145.67 Property Management 241% 171 Ches & Ohlo (10). 8% Chi Great Western. , 17% Over 30 years’ suc- 52% 27 ChiGreat Westn of. cessful handling of 124 Chi Mil StP & Pae. .. Lambert Co (8) . 1n rents—economical con- 20% Chi M1 StP & Pac of. Lee Rubber & Tir y 2 . s 66 Chicago& N W (6).. 5 Leh Port Cm of (1).. 108 sideration for owners. 11% Chi Pneu Tool [ Lehigh Valley Coal.. 1 Personal attention 95 ChiRI1& Pac(7 Lehman Corp (3) D 98 ChiR1& Pacpf Ligg & Myers B( to details and prompt 25 Chl Yellow Cab 13)... § Lima Locomotive. .. i 20 Chickasah Cotton Liquid Carbonio . Tenatinnces. 24 Chrysier Corp (3). .. % 2 Also facilities for 381 City Ice&F (k3.60). . 3 3 3 Loft. Inc. . Loew's. Ine (3) . . 89 City Ice&Fuel pf 6% 708 4 Loose-Wiles (12.80). Tvtal. e e e aeen e e e eieeesaoe o financing. o% Oley-Stores (600, 1 T | i .- $2,078 337,252.89 " 30% Clark Equipment LouG & EI(A) (1 Y | Moore & Hill, Inc 60 30 Cluett-Peabody (5).. Louts & Nash (7).... y . 191% 133% Coca-Cola (6). ... Ludlum Steel (2).... (Since 1900) 64’4 50 Colgate-Pal-P (2%). Y ke .o 730 17th Street 7 360 Col Fuel s tron (8. & El (2) 52% 62% 6 5 Mack Trucks (§) s Al Macy (RH)&Co (n 104'4 Col Gas & El pf A(6) 16% Colum Graph (aZ8c). Madison Sa G (1%). - g ®) 199 105 Columblan Carb (16) = 30 12315 Magma Copper (4).. g'm m 40% Comm Credit ¢3) . 16 26 A dh dh dN 25% 221 Comm Cred pf (1%). 50s 23 Mallison & Co. . Man Shirt (2). 2 Comm Cred pf B (2). 20s 284 Comm Inv Trig1.60) 1 Contingencies . vire sy $ 6,197,768.18 Accrued Interest, Discount and Other Un- esenediineamer Lo s oy Lo (e 4,819,331.41 Taxes, Dividends, and Accrued Expenses, etc. 11,641 Liability as Acceptor, Endorser or Maker on Acceptances and Foreign Bills. . Circulation. ..oeeeseaiss DOPposlty ... ucvioisi Kreuger & Toll 1.60.. 19 | Krqger Gr&Bak(n1). 59 Lago Of & Trani 5 cesenn tocssecse D sessene Figures of Foreign Offices which are included herein are as of June 25, 1930 The capital stoek of the City Bank Farmers Trust Company (Capital $10,000,000, d Undivided Profits $13,777,906.03) and The National City Company (Capital $55,000,000, Surplus $55,000,000) are beneficially owned hyrl';u .S(nnklmldorl ) of The National City Bank of New York. The figures of these companies are not included in the above Statement. “——“fi—‘—\" Crty Bank Farmers Trust CoMPANY (Affliated with The National City Bank of New York) Head Office: 22 William Street, New York - Condensed Statement of Condition as of June 30, 1930 E Marshall Fleld (2%) Mathieson Alkili 12). 7 %0 ComlnvTovpf(es) 2 ol 1800 1930 3 204 Comm Solyents (31) 75 Maytag Co nn’. 12% Comwlth & Sou(60¢) 100 2 Moelville Shoe (1), 99 Cmwith & Sou pf (6) 9 101% 100% 3 Mangel Co (2) 9% 10% Congoleum-Nairn... 13 124 114 2 Wexican Sea LE x 9% 36 Consol Cigars (5) 1 40 40 33 D . P 15% Consol #ilm 13). . 8 19% 18% 3 Michigan Stl (h23).. 18 Consol Filmpf (2).. 2 20 20 e BROWN 96% Consol Gas N Y (4. 108 108% 104% 106% 3 i o8 Dok lUGENTIN GIe) SARSEEW 40T 102y Midland Steel pf (8). Minn Hon Reg(13%4) Minn Moltne Pwr... ONS Minn & St Louts. ... Mo Kan & Tex (1), .. Mo Kan & Tex pf(7). Missouri Pacifio. . Missouri Pac pf (5).. Mohawk Carpet. ... 18% Contl O1l of Del. 20 Cont) Shares (1). Moonoin 87% Corn Prod Ref(14% 2 2% Morrell & Co (4. 10 Corn Prod of (1). Mother Lode (20¢) . ;. s Motor M. . Underuriters - Distributors e Motor Produsts (3 ba €an, INVESTMENT 9 Cuba Co. Mullins Mfg pf (7)..700s 5 Cuban-Amer Suga: Murray (b2%stk)... 24 5 Tole SECURITIES 5% 47 Cuban-Amer Sug pf. 60s Myer(FE) & Bro(2). 9. . 384 Cudany Packing (4). s Nash Motors (6) ; LIABILITIES "éfi‘fifimép'"'?-'fi;fi?g Nati Batia Hoba. O i RN rt Wright A. Sur lus... 55 Cutler-Hammer(3%) 3 61% Plut sssecssnns ek Wasmixoeron Orrica Undivided Profits ... 24% Davison Chemical... 10 28 Sresssssnnns Deposits ... .... e 737 15th Street N. W, 20 Deere & Co pf (1.40). 1 21% e Reserves for Dividends, Interest, Taxes and Expenses. 49 Con RRCubpf (6).e 1 58 % Consol Textile ASSETS Due from Banks and Bankers. . . ey ,422,196.12 Loans and other Secured Advances. “(1),041,539.92 United States Government Bonds. . . ... 7,169,000.00 Other Bonds, Mortgages and Securities . ceees17,437,168.66 O ARt oo vnnisesi i 3,706,146.14 .o $69,776,108.84 %) 16 Contl Diamond ( 50 Contl Insur (3.40) 3% Contl Motors. ranmnSasSelcemanasnaRennToonIZeonns aan - > 146 Delaware & Hud ¢9). 1 152 Telephone, National 1053 110% Del Lack & Wn (17). 2 114 45 Denver&aRG Wpt.. 2 ] 139 Diamond Match (8). 6 6% Dome Mines (1)....., 2 8 > nna':::-'rl.;:)" 1 g Tol‘al.........v--u--------u- 67 Drug Corporatn (4. : % Natl Rys Mex 2d pf. : 15% Dunhill ntl (34)... 19 19 Sioolyent. 145% 1004 Du Pont de N (+4.70) 323 103 Ten Co (2) . 103'% 100 Duques Lt 18t of (5) 1 101% (1% da Co 2 QP g g 255% 176% Bastman Kodak (18) 52 198% Y SEVREE (1361 874 10% Eaton Axle& 8 (3).. B 22% Matw Osrics - Barvimens