Evening Star Newspaper, December 16, 1930, Page 12

THE EVENING STAR, WASHING the stock is traded in on the New York curb. Dividends have been paid with- | 30 'TON, Public Utilities BY GEORGE T. HUGHES. OOMMONWEALTH EDISON. R AT * YEAREND HONEY DEMANDS RE UG Domestic Market Must Cover Requirements Totaling About Two Billions. FORM STOCK SYNDICATE Transamerica Is Group Rumored Ready to Operate. NEW YORK, December 168 (#).—It was reported by Doremus & Co. today that a syndicate has been formed by a group of leading stockholders of ‘Transamerica Corporation for the pur- chase of Transamerica shares in the market. The announcement said: “It SDerations snd the capi. a':‘m“r."-etggi u“‘ t ""}:' it a‘:r_nl ""5 ommetid” purchuse ‘oF Sels ol spe the city of Chicago, the Com- | ha Jargest stea Sl m':pnmn: m power en in the world. With a well balanced capital structure both its bonds and its | Ae! stocks have 1onine joyed a invest- ment rating. fact, the bonds are such conservative . holdings it . The %m lic inte: cant. e c geel:wnmuunoek.flgghuofme class, $100 par, and outstanding to the amount of $141,930,000, a stock which, however, has never been a speculative favorite. The ‘wealth BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, December 16.—For the mext two weeks the domestic money market will be called upon to cover the largest commitments in Govern- ment and corporation finance for any similar period this year. These include the turnover in con- nection with the refunding of Treasury notes, payment of the last installment of 1930 income taxes, the disbursement of December 15 interest and dividend checks, the withdrawal of the usual Christmas from the capitalizing this amount at 6 per cent, 'e'rch price for the stock of $238 & share. As a matter of fact, in 1924 first of the years we have taken this calculation, the stock higher than $137 tors t at Harvard, Yale, Dartmouth and Wil- liams were among r.:; early lolmd::lzhnl that resorted, by State sanction, e Jottcry syetemn o ensble: thets to erect buildings. market for Common- is in Chicago, although ers of stocks and bonds on January 2. The total amount involved in these transactions is estimated at more than $2,000,000,000. The shifting of funds and the tempo withdrawal of & on of them from the market is ly to strengthen rates for call money, though the supply of it is so ml that not much change in the ly quotation will occur. Under nor- mal conditions this period of the year is one when call rates are subject to sharp but with With His Christmas Club Check : IT'S a happy wcy' to do your Christmas shopping—makes buy- ing easy and giving a pleasure. Next year you be one of these happy Ghristmas shoppers. Decide now how much you’ll need, and then join a 1931 Christmas Club today. - Your bank has a club that will just fit your pocket- Join at Your Bank Today for Next Christmas DISTRICT OF COLUMBIA BANKERS’ ASSOCIATION Shopping As a_ balance for the l-mnflrez{ummenh of money, so far as the effect of this on interest rates is is the liquidation which is Jokdkokk :******************************* WASHINGTON'S LARGEST RADIO STORE 409 11th St. N.W. 1350 F St. N.W. 3218 14th St. N.w Next to Pa. Ave. In the National Press Bldg. Next to Park Road All Stores Open Uniil 9 P.M. Make This Christmas Merrier Seven Tube BABY GRAND $49; $68 Complete With Tubes Look at these features: 7 tubes (3 screen grid); genuine built-in electro- dynamic spesker; double-tuned imput circuit; station recording dials; push-pull audio; all-elettric; 16 inches wide; 17!; inches high; genuine walnut cabinet. The ideal set for apartments. $88 Complete with Tubes The Star Radio Liberal Policy of Terms Delivers This Set to Your Home For N NN NI NN NN NN NI ...Buya Less Tabes Immediate Delivery Guaranteed Service NN NN YR INNNNN NN Fek kA sk sk Ak sk sk ke ke ke ek sk ok sk sk ke ke e ek ek ek ke ke ok ek ko ke sk sk ek ke ok g X 3 X : : * * : 3 X : % D. C, TUESDAY, DECEMBER 16, 1930. DURANT SELLS PLANT TO NORMAN DEVEAUX |Devesux manufacturer, with whom he has long been associated, of the Oakland, Oalif., manufscturing plant of the Durant Motor Co. of California, ‘The information was con telegram received here St ro-Goldwyn Pictures Corp. reported 1,600,000 cars last year used RYENAL oas (Slycerir RADIATOR cerine ANTI-FREEZE SOLUTION X the cost of the entire project would be $20,000,000. METRO-GOLDWYN PICTURES. NEW YORK, December 16 (#).—Met- Special Night Phones For Delivery Tomorrow Phone Us Tonight Nat’l 3068 Met. 4500 for }h 11 PM. comfort in your home during the holidays by laying in a supply of AGNEW SUPERIOR ANTHRACITE. Don’t let another day go by without ordering this free-burning, long- burning hard coal. JOHN P. AGNEW & COMPANY, Inc. 728 14™ STREET, N.W. Phone: NATIONAL 3068 Look for the Agnew Markers scattered throughout every ton of AGNEW SUPERIOR HARD COAL «~—then you will know you are getting the genuine. F. W. Woolworth Co. North Amerie and an Trui Shares The Largest Fixed Investment Trust* OU may take cate of your pennies, but your nickels and dimes will very likely be taken care of by the nearest Woolworth store. “Nothing over ten cents!” And for that price, or less, you can buy—at Woolworth’s—almost everything except & grand piano and a college education. No wonder these stores are popular— popular with children with a nickel or a dime to spend for candy, marbles, toys -+ . popular with housewives who need kitchen utensils, hardware accessories, holiday decorations, picnic equipment... popular with men for pocket combs, shoe polishes, collar button sets, canvas gloves, corks . . . Patronizing the Woolworth “five and ten” stores verges on a univer- sal American habit. There are more than 2100 Woolworth stores—in the United States, Canada, Great Britain, Germanyand Cuba—doing 2 business of more than a million dollars each working day, all in sales of five and ten cents, and the equivalent in pence, pfennige and centavos, and all in cash. You can participate in Woolworth profits by purchasing North American Trust Shares—described in the column to the right. Common stock of F. W. Woolworth Company and that of 27 other great corporations underlie each share. Available Through Your Bank or Investment Dealer PORTFOLIO Railroads Industrials Atch,, Top. &Santa Fe Ry. Co. Amer. Rad. & Stand. San. Corp. Canadian Pacific Ry. Co. American Tob. Co. (Class B| Tilinois Central Railroad Co. E-1-du Pont de Nemours & Co. Louis. & Nash. Railroad Co. ~ E#stman Kodak Co.ofN. J. N.Y.Central Railroad Co. ~ General Eleetric Company Penneylvania Railrond Co. Notersc) pand, Compuny Southern Pacific Company Otis Elevator Com, Union Pacific Railrosd Co. ~ United Frute Comppany. Olls United States Steel Corp. Westinghouse Elec. & Mfg. Co. Royal Dutch Co. (N.Y. Shares) ¥+ W+ Woolworth Company Standard Oil Co. of California Standard Oil Company (N. J.) Standard Oil Company of N.Y. Texas Corporation Utllities American Tel. & Tel. Co. Consolidated Gas Co. of N, Y. Western Union Telegraph Co. Points About N. A. T. S. l—NORTH AMERICAN TRUST SHARES are certifi- catesof wncnhl;r in the above fixed group of representa- leposited under a trust agreement with the Guaranty Trust Geurpuz‘of New York. No substitutions can be made in this portfolio but a stock must be eliminated if it becomes & non-income Efld\lflfl All these stocks are listed on the New York Stock Exchange. —N.A.T.S. are as marketable as the underlying stocks. A nation-wide market has been maintained consistently at ¥ point the prevailing asked price. In addition, & er of any denomination of shares can liquidate through the trustee without penalty. A holder of 500 shares or any multiple thereof can convert through the trustee into the underlying stocks, also without penalty. &—N-A. T. 5. coupons call for semi-annual payment in cash of all distributions received by the trustee on the deposited stocks. For the T“ 18 years such income and upirfludim-ihnim would have averaged $1.33 per share annually, —Semi-annually holders are offered rights permitti reinvestment of all distribution in exc::h of cash di:l'» dends on deposited stocks at a discount from the asked price. —Interest on funds in the custody of the trustee is paid - o the depuitercorposcon The deposivor 1 ths st sured an income with which to mest the trustee’s fees and continuing sdministrative expenses throughout the life of the trust. @—N- A. T. S. are available in denominations ranging from 10 to 10,000 shares. This security represents a uniform and economical trust service for both the large and small investor. Current price per trust share is about 6% Distributors Group, Incorporated (Owned by a nation-wide group of prominent investment houses) 63 Wall Street *Over $125,000,000 purchased by investors.