Evening Star Newspaper, January 31, 1926, Page 45

FINANCIAL, NEW HIGH LEVELS INLIBERTY BONDS: THE SUNDAY STAR, WASHINGTON, D. T, JANUARY 381, 1926—PART 1. BOND SUMMARY FOR THE WEEK :NEW YORK TRACTIONS | ¥EW Youx parer ratcss. Mier, Meger. Gomew e b oSSl ) EAD BOND TRADIN ,‘,., Butter, steady; receipts, 9,764 tubs. 100-5 9919 Liberty 3%s 1932-47..... 100-5 100 100-2 350 Eggs, steady; receipts, 13,356 cases: 102-6 101-21 Liberty 1st 41,5 1932-47 6 101-30 1023 895 Continue Rise to Higher Levels. Railroad Liens Also Get FINANCIAL. First Mortgage Notes BN For Sale In Denominations of $100, $250, $500, $1,000 AND VP 10230 lol 1 101 19 100-16 YA 100-26 100-17 Li 2 927-43... 100-26 100-21 100-25 891 fresh gathered, extra firsts, 36%4a33; 2 -17 Liberty 2d 4348 19274 5 & 1021 101-1 101-8 100-26 Liberty 3d ck-m: . 1018 100-30 101-30 381 fresh gathered, firats. 343%a353%: do. 1089 101-20 102-16 101-29 Liberty 4th 41cs 193 10816 1027 102+18 390 storage, 26a28; fresh gathered sec- 4 18 107-20 106-9 Treasury 435 1947.] 107-17 574 onds, 33a84; do., storage, seconds and poorer, 17a35; nearby hennery whites, “FINDING” A PROP- Lew. Last. lncreased Demand for U. s. Liens Indicates Easy Money Rates for Some. By George T. Hughes 8pecial Dispatch to The Star. NEW YORK, January 30.—Again this week the record of the invest- market has been one of slow ady and impressive advances. ige price of domestic bonds her new high, unequaled since 1917 An inc was the States Gove sulting in the year active i ers are banks, cant ot seeking most i specializin presses the opimion that the advance in libertys is likely to go on for three or four months, the infer- ence being that the ease in money will continue at least that long lent of unusual interest ewed inquiry for Unitéd iment obligations, re- new high quotations for for three or four of the ues. In this case the buy- principally, if not entirely, but the movement ls signih- > supply of mo; Money Trend Downward. he trend in bonds has beén tendency in mone There has been vielding in the charges o funds of all maturities wnd St of the week, day-to-day k exchunge did not per cent. the low ey conditions are ratio as a has been an ap; reflected of the K Reserve nd of the New Bank in particu New York Bunk's 86.7 per this week compares with vent in the sume week a It 1= reasonable to expect wpproaches an increasing demand for money from business which would naturally bring about a harden- ing of ra Nevertheless, there is no sign of inflation in commodit In fact, outside of the security m Kets prices obstinately refused to ad- vance. This is true of steel, it is certainly true of copper and while some foodst are moderately higher the general level is unchanged. And commodity prices are just as much a factor in influencing bonds as is money. Offering At Discount. Dlustrating the more favorabie terms upon which corporations of established credit are able to do financing is the offering this week of $16,000,000 of Commonwealth Edison bonds with a 43 per cent coupon. The offering price was at i substan- nteresting first time y has mar- keted @ bond with so low a coupon. In part, this is due to the advance the utilities have made in gaining the public contidence, but, in part, it is due to the general investment situation. 1t will doubtless be a long time before 3 and 3% per cent bonds are put cut by rullroads as they used 10 be a quarter of @ century ago, but it is not imp 1! that this day will again return some time. The one respect in which fundamental condi- tions differ now from then is in the income tax New Financial Move. In connection with utility securities demand for the high-grade electric light and power and teiephone bonds this week ws llated by the movement to = securlties, under certain legal _in- vestments for savings banks in New York Sta A from this the fea- ture of hus been the search on (hP part of individual buy- ers for discount bonds selling out of provement has 1 in any other. ssses par and mium the demand slack itution @ premium been more but as soon as desirable as a discount | it to the ssity of bond, thie \u 1d being equ Deposits Growing Steadily. Bearing upon the demand for bonds are the statistics showing the growth of savings deposits. ll of which even tually go into honds e reported to the Federal Board by 854 banks In selected ters throughout th: country show rise in these deposits during the cal- endar year 1925 from $7,634.211,000 to $8,082,071,000. Despite installment buying and record-hreaking specula- tion, the country’s savings continue to accumulate. It is interesting to note thet the increase in the various Fed- eral Reserve districts was the largest proportionately in the Dallas, the San Francisco and the Richmond divi- dends. The lowest increase wus re- ported by Kansas City. A good deal has been sald during the week ahbout the disadvantage to the Investor of stocks, common or pre- ferred, which lack voting power, and the New York Stock Exchange au- thorities have taken notice of the crit- fcism in this connection and have in dicated that they will scrutinize care- fully applications for listings of new stock issues in this category. Demand Is Unchanged. As far as the preferred stocks are concerned, the disadvantage, if it is a disadvantage, Is paid for in part by the higher vield. Sometimes it has been suggested that the bondholder ought to have a voice in the manage- ment of the property on which he has a llen. Generally, however, he frank- 1y accepts this situation, contenting himself with his position as creditor as compared with the partnership status of the stockholder. In any event the demand for bonds shows no indication of heing affected by the al- Jeged superiority of common stocks over the longer perfod (Copsright. 1926.) LARGER PFROFITS SEEN. Ofgar Firm Stockholders Notified of New Plan. NEW YORK, January 30 UP).— Manufacture of between 50 and 60 million 5-cent cigars of a new brand 1= planned this year by Otto Eisen- lohr & Bros, stockholders have been informed by S. T. Gilbert, presi- dent. Production of such # large quantity at this price, he said, had been made possible through writing down the prices of the corporation’ fnventory to such a figure that accu- mulations of raw materfals dating as far back as 1919 can now be used during 1926 in a 6-cent cigar at a profit to the company. RATES ON BAR SILVER. DON, January 30 (#).—Bar siver, 3015-16d_per ounce. Money, B¥ per cent. Discount rates, short and three-month bills, 4% per cent. NEW YORK, January 30 (#).— Bar silver, 67 Mexican dollars, 51%. CASH GR.AIN MARKET. CHICAGO, January 30 (#).—Wheat —No. 2, hard, 1.831;. Corn—No. 4, mixed, 73a74 0. 4, vellow, 73%aT5. Oate—! hc‘sl_ ‘white. 4::/,;.463 No. hn, white, 42%. Bge—No. . Barl —$ea71. 97e, 108 978, 1013 881y 1104 108% 8 1 103 104% 1033y 108% 110 110% 1042 914 10% 106% 984y 102% 112 8 94 101 26% 86 56—~ —1926 FORKION. 98 961 Argentina 6s A -957 1023 101% Argentina 78 1927 964 Australian Gov 1003 Austria 5 7s 1943. 86 Be'glum 68 1965 . 109% Belgium 7148 194 107 Belgium 8s 1941 8213 Bordeaux s 1934 1013 Brazi] 8s 1941 102 Canada 6 1952 1017% Canuda G33s 1929. 102% Chile 88 1926 107% Chile Bs 1941 108 Chile 8s 1948 457 Chinese Govt Ry 65 1951. 98% Copenhagen 538 1944 98%, Czechoslovakia 8s 1961. 102% Denmark 6s 1942 Dutch East Indle: Dutch East Indfes 6s 1962 5 French Govt T%s 1941. French Govt 85 1945 German 75 1949...... Hollund-American s Jupanese 45 1921 Japanese 61358 19 Jergens Utd Margarine 8s 1947 Lyon 8s 1934 Marsellle 68 1934 .. Netherlands 63 1972 Paris-Lyon Med 65 1. Queensland 65 1947 Queensland 7s 1941. Rio de Janeiro 85 1948 a0 Panlo, State of, 85 1936. Diept of, 78 Amer Sugar Rennln‘ 681937 Amer Tel & Telcl tr 48 1929 Amer Tel Anaconda Anaconda topper cv deb 7s 1838 . o Bell Tel (Pa) ref 55 1948 Bethiehem Steel p m 58 1936 4 Bethlehem Steel s £ 63 1943. Chile Copper 651932. .. 81% Cons Coal (Md) 1st ref 6 974 Cuba Cane Sug cv deb 88 Detrolt Dodge 65 1941. Empire Fuel & Gas 7%5 19 Goodrich (BF) 6338 1947, Goodyear Tire 85 1931 Goodyear Tire 851941 = Humble Qil & Ref 56 1032 Indiana Steel Inter Mer Marine 6 i Inter Paper 59 B 194 onal T rets iringfield Sa 1931 tt & Myers 56 1951. . ugar s f 7158 1942, Midvale Steel 58 1936 .\ur’h America h-llnun 6a 1052 jus & tic Tel & Tel 58 wdelphia Co ref 63 1944. hife Service 65 1944 fr O11 72 1937, Iy BYs 19 South Porto Rico Sugar Ts 1961 Unlon Buk & Paper 65 D. ©d Drug 8s 1944 Rubber 15t & ref 581947, rfllln.1'h«nx 51781947 rn Union Tel 6145 1936. . Wilson & Co 15t 66 1941 Wilson & Co cv 7% 1931. RATLROAD. Coast Line 18t 45 185 Bulto & Ohio gold 48 1943 . Balito & Ohlo cv 448 1933 Balto & Ohio ref 28, Balto & OLio 85 1 B&OPitts LE& W Va 451941 B & O Southwestern Div 6 cfs 50. . Brooklyn Manhat s f 88 A 19 thern 6345 194/ 11ic deb 4s. c 45 1949 Chesipeaite & Ohio ov 9 12714 Chesapeake & Ohio cv 55 1948 651% Chicago & Alton 338 1950. . 108% Chi B & Quincy 1st ref 58 1971. 75% Chi & Eastern 11l gen 68 1951. 641 Chi Great Western 48 1959. 51% Chi M & St Paulcv 4348 193, 90% Chi M & St Paul gen 4% 1989 52 ChiM& St Paulref 432014 52 ChiM & St Paulcy 6s 2014, 111% Chi & Northwestern 615= 1934 . 4 Chicago Rallway: 1927 #T% Chi R 1 & Pacific ref 45 193 944 Chi Union Station 4% s 196 116% Chi Un 81 Chi& 1034 C C C & St Lref 6s A 1829 1056% Cleve'and Term 68 1972 954 Colorado & Southern 4 %8 1935. 88% Cuba RR8a 1952. .. Detawars & Hudson & Y45 1937 Den & Rio Grande con 48 1936 D& R G West 58 195 Detrott United 4% 1932 Erie 15t con,ss 1996. Erfe gen lien 45 1996, Erfe cv 4s A 1953 Eriecv4s D 1953. . FlaECBs74.. Grand Trunk s d! Grand Trunk 78 1940. Great Northern gen 6% 1 Great Northern gen 7s 1936 Hudson & Manhattan ref 5s 1967, Hudson & Manhattan adj 58 19567 Tilinots Central 5%s 1934. Inter Rapid Transit 55 1966 Inter Rapid Transit cv 7s 1932, Inter & Great Nor ad) 6s 1952 Kan C Ft Scott & M 1s 1936 Kanasas City Southern 3s 1950 Kansas City oSuthern 55 1950 Lake Shore 45 1928 . Lake Shore 45 1931 Louts & Nash unified 45 1940 Louis & Nash 1st ref 5%s 2003 . Mil Elec Ry & Lt 15t ref 58 61 MStP&SSM6%s1931. Mo Kan & Tex 1t 45 1990 Mo Kan & Tex adj b5 1967 Mo Kan & Tex pr In 58 A 1962 Missouri Pacific gen 48 1975. N O Tex & Mex inc 68 1986 « New York Cent deb 48 193¢. New York Cent ref tmp 68 2018 New York Central deb 68 19365. New Haven deb 45 1957. NY N H& Hevdeb 6s 1 N'Y West & Boston 4348 194 i Norfolk & Western con 4s 199 Norfolk & Western cv és 1929 61% Northern Pacific 38 1947 863 Northern Pacific 48 1957 108% Northern Pacific ref imp 68 2047. 96% Ore Short Line ref 4s 1929 83% Ore-Wash 1st ref 48 1961. . 943 Pennsylvania gen 4%s 1965 102% Pennsylvania gen 65 1968. . 111% Pennsyivania 63%s 1936. . 87% Peoria & Eastern inc 48 1990. 101% Pere Marquette 1st 65 195 94% Reading 4%8 97. 74% Rio Grande We: 887 RIArk& L 41681934 89% StLIM&SR&G 48 77% St L & San Franprin4s A 1 93 StL & San Fran pr In 65 1950 99% St L & San Fran 618 B 1942, 92% St L & San Fran adj s 19 87 StL & San Fran inc 6s 1960 71% Seaboard Alr Line ref 4s 1959. . 86 Seaboard Alr Line adj 68 194 94% Seaboard Afr Line con $s 1945. 96% Southern Pacific cv 45 1929 86% Southern Pacific col 45 1949. 90 Southern Pacific ref 4s 1958, 81% Southern Ry gen 4s 1956. 104 Bouthern Ry 1st 5s 112 Southern Ry dev 6% 413% Third Ave adj 55 196 923 Union Pactfic 15t 45 1947. 99% Union Pacific cv 45 1927 100% Virginfan Ry 1st 55 1962 101% Wabash 1st Gs 1939. 99y, Wabash 5148 75... 67% Western Maryland 45 95% Western Pacific 58 194 88% West Shere 1st 53381, 148 101 69! 7% .35 Wl s Chesapeake & Ohlo gen 4% s 1992 10720 107-6 s 98 102 102% 103% 88 Y5 1164 1047 aTi, 1024 9% 101% 9% 101% 101y 100 9874 101% 115% 1044 978 107% 10245 994 84 4n 127 108 105 105 981 107% 1064 5% 1064 9818 101% Attention. By the Associated Press. NEW YORK, January 30.—Trading 4 | interest in today's short session of the 88 95 114% v | which is centered on No. 1 well graded I o | funding 5=, the chi bond market again was focused on the local traction lssues, which continued their rise to new high levels in re- sponse to favorable developments in the city transit situation. Some of the enthusiasm for these securities also was carried over to semi-specu- lative rallroad and industrial llens, contributing to a generul improve- ment In prices. Plans of municipal authorities to scrap unnecessary Improvements in closely selected extras, 43a44; nearby and nearby Western hennery whites, firsts to average extras, 40a42; near- by hennery, browns, extras, 4laéd; Vacific Coast whites, extras, 42a42%; do.. firsts, to extra firsts, 391ad1ls. William H. Kyle Loans—Insurance 1410 G St. NW,, Room 15 Phones—Main 6627. Res., Fraok. 5101 Consultation invited to those hav- Ing funds to invest in reul estate loans. order to provide financlal ald for |= transit relief suplied the incentive for accumulation of Interborough, New York Raflways and Third Ave- nue obligations. Speculative opera- tions were promoted by the low prices of most of these {ssues, which have long been deprectated. Third Avenue adjustment 63 moved up 4 points to above 61, which represented a gain of almost 20 points from the yvear's low level. Advances of 1 to 3 points were recorded by most of the Interborough and New York Raflwuys bonds. Publication of favorable earnings statements for 1925 by most of the raflroads during the week kept buy- ing interest alive in the carrier is- sues. Lehigh Valley 4s, Missourt Pa- “Afic general 4i¢s, Pere Marquette re- Chicago and Northwest- ern refunding 5'%s and Pennsylvanta Gwwere sought by Investors today. ol sugar company liens were points of strength in the in trind division. Patrly large buyl were executed for Pan-Ameri. Sinclair 65, Manat! Sugar Tlys, Dominican Sugar 7328 and Warner Sugar 7s. Foreign and United States Govern- ment obligations were firm GOODS MARKET QUIET. Raw Silk Reported 5 Cents Per Pound Lower. NEW YORK, January 30 UP).— Cotton goods were generully quiet to- day. Wide sheetings were reduced from a basis of 52 ts for 10-4 goods to 30 cents, und salex have been stim ulated. Rivon mixtures w mand and printed steadlly n wome 3 broadeloths, voiles und high-c cales. Some of the crepe well for future delivery Raw sk was 5 pound er and now fs quoted on & basis of pound for best grades. Silk fab- rics sold steadily in small lots. Wool goods openings will take place Mon duy und are expected to stimulate bus. iness in men's wear. Dress goods sold steadily for eraly shipment. Burlaps continued frregular in the local mar- | kets with some tendency toward firm. | ness on speclalties. Linens sold steadily BALTIMORE PRODUCE. BALTIMORE, January 30 (Spe-| clal).—The local egg market has a tendency to fluctuate from day to day. it being more of a weather-controlled feature, with & falr umount of busi ness noted on the exchange. While receipts are somewhat lighter, they keep pace with trade wants with the demand prevailing, being centered on strictly fresh stock, which is the only kind that brings top values and meets with ready sale, as all offerings of doubtful quality are slow sale even when offered at discounts. Prompt shipments are advisable in order to obtain best results. The market closed today at 37% and 38 dozen, & decline of 1 to 1% a dozen from open- ing prices the first of the week. The live poultry market continues to rule steady to firm, with a good de- mand prevalling for smooth fat stock and receipts of this sort being very light. Demand is especially good for mediura-sized young hen and turkey gobblers, which sell 45 to 50 a pound, but heavy old toms are not so active at 40 and 42, while poor old turkeys and crooked breasts are slow sale at 25 and 30. Winter chickens 2 pounds and under are scarce and wanted at 37 while all at 33 and 34, Leghorns 30, and even poor thin stock brings 24 and 26. De- mand for large fat old hens s very active at 28 to 31, with small poor fowl and Leghorns bringing 24 to 27. 0ld roosters are in fair demand at 18, while capons are scarce and wanted at 35 to 42. Market for ducks holds steady at 25 to 34, but geese are easy at 20 to 28, with Kent Islands bringing top prices. Guinea fowl and pigeons in fair request, at 75 each for young and 35 to 50 each for old of the former, and 25 to 30 a palr for both young and old of the latter. Shipment of! dressed poultry not advisable with the weather turning warmer, as capons and cholce young chickens are the only lines that will bring a premium of 1 to 2 @ pound, dressed, over live stock. The white potato market rules steady, with little change in values from last week, receipts running fair, but ample for the demand prevailing, stock at 4.00 to 4.50 100 pol.mda and 2.00 to 8.00 for culls and No. 2's. Mar- ket for sweet potatoes holds firm un- der a good demand for fancy dry stock at 4.50 to 5.50 a barrel, but dirty, heated and over-large mixed stock is slow sale at uncertain value. Yams are easy at 2.50.to 3.25 barrel, while culls and No. 2's of both sweets and yams are slow sale at 2.00 to 3.00 bar- rel. Bushel hampers of sweets and yams sell mostly 75 to 2.00, as to quality and condition. Native and nearby vegetables are in better demand under light receipt, due to cold weather, and market holds very firm at the following quotations: Brussels sprouts, 15 to 26 quart; carrots, 3.00 to 5.00 100; kale, 40 and 50 bushel, and 1.25 to 1.50 barrel; onlons, 2.60 to 3.00 100 pounds; oys- ter plants, 6.00 to 8.00 100; parsnips, 60 and 75 basket; spinach, 1.50 to 1.75 bushel, and 1.50 to 4.00 barrel; Savoy | cabbage, 50 to 75 bushel, and turnips, | 30 and 35 basket. wuei—TELLER With Experience Prospective Advancement Address Box 200-R, Star Office trust on WE FINANCE | —a1! classes of income-producing property Large Loans a Specialty Current int. rate and commission Higbie & Richardson, Inc. 816 15th St. N.W. INVESTMENTS Four Months’ Course Beginning Feb. 1 Covers the entire field of Invest- ments in a clear, concise, non- technical manner. Also Four Months' Courses in Busineas Mathematics; Business Paychology: Business English; Public Speaking. Y.M. . A. COLLEGE When You Need a Loan Think of WELCH, Loan Specialist Money to Loan At 55,9 and 6% INTEREST Before Flacing or Renewlog Your st or 20d Tru Consult Welch, Realtor Loun Speetalist Quick Replies Reasonable Chary M. 4346-4547 We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of interest. Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Thirty-Five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. First Mortgage Notes— Secured by Improved Real Estate In Washington Worth Double The Amount Of The Loan— Interest Rate Today 62%— Denominations of $100 to $1,000— Partial Payments May Be Arranged— Investment Depr. - INHANNON 713 and 715 14th St. N.W. I Main 2345 eal Estate OANS —to build homes! —to build apartments! —to build business properties! —on homes already built! Terms arranged to conveniently meet the requirements of the borrower. B. F. SAUL CO. Main 2100 925 15th St. N.W. 6}% lnterest BSecured on D. C. Real Wm. H. Saunders Co Inc. Eatablished 1887 1433 K Street N.W. 1st Trust Loans % And Construction Loans Made o0 Residences, Apartment Houses d Bu Property Appitcations tnvited % N. L. SANSBURY (0., INC. 1418 Eye St. N.W. Main 5904 w‘“\x«m‘«ts\ c Mor!gage Bondl for Boshist W°1 H.Smith Co. --uu“""'"‘"" wu -m:u« INVESTOR IN 33 YEARS When You Have Funds to Invest, Consult WELCH, Loan Specialist Established 1809 6Y2% and 79, First Deed of Trust Real Estate Notes for Sale in Amounts from $250 up to $1,000 or more. Consult WELCH, Realtor Loan Hpectalist 16th & N. Y. Ave. A Buy or Sale? Special rubber report just pre. i e no stociks 10 sell Compiets Secunty of valie 1o yoir. This sample report sent free. Simply” address ‘WE PAY MORE INTERFST, | ON SAVINGS ACCOUNTS | Than Any Other National Bank in Washington Interest on DAILY Balances Come in and let us explain | Commercial Nat'l Bank | | 14th and G Streets i Resources $17,000,000 R. GOLDEN DONALDSON, mqmtw’ “Where Security Is a Surety” Mortgages Guaranteed byan Outstanding Surety Co. ER LOCATION 1S THE BUSINESS OF A TRAINED EXPERT— N0 N (NN N1 We have a specialist on our staff who will put you in touch with the right location for your busi ment building. N AN INGH NS NG N TN PN A AP NS INI 8 T Hedges & Middletonhe REALTORS 1412 Eye St.NW. Franklin9503 d PROTECTION PRECEDENT For centuries the First Mortgage on real estate has been preferred by the inves- tor who desires interest yield and absolute protection of his principal. Our 629 FIRST MORTGAGES Ouarte safeguard your surplus funds of a Century Without « Loss with the security of steady real estate values. Your semi- annual interest payments are made in full on time. Let us tell you more about them B. F. SAUL CO. Main 2100 925 15th St. N.\W. 69, 1st Mortgage Bonds Denominasions, $100—$500—$1.000 Insured: The first mortgages underlying these 6% Bonds are susured against loss of either principal or smterest by the United States Fidelity & Guaranty Co. of Baltimore, with its $41,000,000 of assets; or by the Maryland Casualty Co. of b with over $36,000,000 assets. Guaranteed: Each issue of these bonds is the dérect obligation o some well managed mortgage company. Protected: These bonds are secured by first mortgages on real est not more than 60% of the appraised value of the property, and in most cases for not over 50% of the appraised wal: proisement made by dumlerested parucr and an additional in- dependent appraisement made by the Surcty Company before they sign guarantee. Title to all properties examsned and guaranteed by responsible Title Guarantee Co. If desired, these bonds may be purchased on the Morris Plan of Deferred Payments, and 5% tnterest wnll be allowed on in- stallments as pasd. For further information consult our Bond Department. THE MORRIS PLAN BANK Under Supervision of U. S. Treasury 1408 H St. N.W. Main 2486 timore, \ Y, | National Metropolitan Bank Capital, Surplus and Undivided Profits, Over $1,800,000.00 15th St. Opposite U. S. Treasury—112 Years Old OLDEST NATIONAL BANK IN THE DISTRICT OF COLUMBIA e A Serving ThisCommunity R. P. Hollingsworth, Ty - George W. White, President. O. H. P. Johnson, Vice President Frederick De C. Faust, "Trust Asst. Trust Officer 3% Paid on Savings COMPLETELY EQUIPPED TRUST DEPARTMENT —with satisfaction, for over a century. That’s our record, and it’s an achieve- ment in which the confi- dence of the people figures quite as powerfully as good management, within the bank itself. { Become “one of us” THI]S a savings PAY DAY, and let us help vou “grow” financially. account C. F. Jacobsen, Cashier Chas. E. Bright, Asst. Cashier Albert H. Bedfrrd, Asst. Cashier C. Louis Eckloff, Asst. Cashier J. Gales Moore, Auditor Open Until 5:30 P.M. Tomorrow One Dollar or more will open Officer