Evening Star Newspaper, March 28, 1926, Page 41

FINANCTIAEL. BONDS WITHSTAND ACIDTESTINWEEK: Stock Fluctuations Money Hardening Have Only Small Effect BY GEORGE T. HUGHE pecial Dispateh to The Star N ‘The bond stully with- ocks fluctuat- specizlly decline mnd vous and sequently not only day tight degree time Doutt about the freely expressed been most_ontimi or two All this e have had ne effect on kecurttfes the significant that disturbance was loans, funds husit by tic a Id not but investment thing S0 to day as those who bu the de- the ex- average for all grades bonds have suffered son But if only ent are se found that the Ally unchanged. story eome out in the taken cline on the w strictly invest amined it w level is pra whol issues does the recorded the exch jons two c obliga and the f telephone. mpanies. Advance s to show the electric light Temporary. that in t whose business it 1 nselves informed. the up- money early in the v. Probably Money in kind must be | are and of the release of funds from was furnished by broker Folidated the Federal Iteserve banks showed the decline of over u point in the reserve ratio but he per > of the New s higher thar. last week and higher than at the same time a year ago. Prosiect of Amending Law. Tnteres. in first mortgage utility bonds was stimulated by the prospect of amending the New York State law to irclude certain of these loans ) meet stringent requirements the legal investment class. Suck sction, if taken, will not in any strengt on cf the bonds in but it ove their market and it will al recognition of the fact that the bes. of these issues are just as sound s any of the corresponding ratlroad obligations. An illus ration of how ket factor this matter of lega savings barks is, came the othe in the sarp advance in the large a mar- v for day | holdings in now, pr: State. % the only an buy which cent are those Discount bon cent and at the si ! are very rare indeed. e inquiry for the very best | of railroad and utility issues was as stated. strong all the week, the same vas not true of anything from the middle grade down. All such sym- pathized more or less with the decline in the stock market. At the same time rew issues went surprisingly well. Probably this w. artly due to the comparatively all volume of new offerings and partly to the fact that investment bankers are making X The only forelgn outh American loan, which was well received. The mar. Jet has vet to demonstrate its capac- to absorh any fresh large Euro- 5 per selling at_premiums. vielding 5 per was @ complete absence of enthusfasm for seasoned foreign is- all the week. The foreign situ- wolves 00 many po! of ust now to encourage investors n making new purchases. Irritation aver the terms of the war debt set- tlement is only one of a_number of disturbing symptoms. The French financial problem is another. It looks s though that situationswas rapidly ecoming acute, with the franc down to & record low. French doliar bonds old be.ow anything recorded hitherto this yew, but at that the loss was . for reme range on i has been only i points, and all of well above their ex- hetween 3 and are sull 1reme lows. So far ‘there has been no pre& re upon the market for these issues, which are apparently well dxxtnbmwl among investors who see no occasion o dispose of their holdings. Per- haps they are right, for it does not necessarily follow that a collapse in the franc, if it does collapse, would alter the status of French dollar honds. BUTTER DROP FOLLOWS SELLING MOVEMENT CHICAGO, March 27 (#).—Pres. sure to sell in the butter market to- fay resulted in a % to 1% decline on the medium and top s Buying interest failed (o show any improve decline and at the close red steady, with the undertone unsettled. The centralized clined on §8 score cars unc car market de- 1d 89 scores, with 90 anged. because of de- mand for future delivery on the March options. At the close all grades ruled e; r, with demand and movement slow Fresh—92 score, 391 90 score, E score, Cen| 38%; 91 score, 39; 38 88 86 score, 87. alized—90 ‘an" 40; 89 score, 88 score, BALTIMORE PRODUCE BALTIMORE, March 27 (Special).— The white potato market continues 10 hold steady to firm, but wholesale movement is reported limited, owing to high prices prevailing and near approach of time for new potatoes. No. 1, well graded stock sells, 4.25a 4.75, and culls and No. 25, mostly 2.00a3.00 per 100 Ibs. Sweet potatoes and yams are holding firm, with top prices readily obtainable on all good, dry, fancy stock at 5.00a6.00 a bar- rel for the former and 4.50a5.25 for the latter Culls and No. 2 stock, however, will not bring over 2.00a3.00. Native and nearby garden truck are in ample but demand con- tinues to under increased receipts of Southern vegetables, and correspondin, decreased values. Only first-class stock will bring top values at the following quotations: 5 100: 1 0 sterplant, 6.00a5. 50060, basket: g vel, and turnips, 5adl huun. v n-lfl\l i month | York bank | 'm,i. s 100.1., 101-1 101 10: 100- 10° 10120 10810 104 13 B and’ ; 1104 106% 1084 106% 8 1y R0 103 95 1045, 101% 1037 101% 103% 101% 110 1egr 1104 106 51t 404 100 o4y 102y m)x) 90 R9%; R9%y 1096 102% Fl1% 7014 10714 10115 { 1128 309 985, a3 10412 100 B2y 5% 1075 104 10215 100 1018, 99, 1057% 100 115% 112 104% 100%; 99 95y 108% 106 103 9674 99 93% 1003 924 105 101% 101 95 954 88 129 1067 106% 102 105 98% 10412 100% 91% 85 108 104% 106% 104% 98% 91 102% 178 112 109% 9% 1(7" » 102% | 001 3% | 98 958 | s2n 82w 1118% 116 1% 19 90 8614 981 94% 93 87% 143 102 584 44k 1084 100% 9% 11% 681 59% 60% 44 | 900 774 55% 48% 69 44 1121 106% 88 73% 8915 B3Y% 945 91% 1184 116% 831a 76% 10414 102'% 107% 104% 961 90% %9 834 104 101 857 70 93% 767 70 681 61% 69% 63 84% 69% 68 93 108% 106% u7 114% {1085 vom 108% 94 86% 7% 6T% 1054 1014 111 Iwzu 99 | 187 106% 62 24 98y 87 W 59% 9ov 8B 1513 125% 62% 60 87 108% 104% 98 96% 1024 81 104‘4 1004 113 108% 61l 344 941 90% 100": qu 988, 69 6% 90% ‘ 86% &l 108 — 192 High. 100 10244 9% 102% 102% 102% 109% 1094 THE SUNDAY STAR, WASHINGTON, D. | BOND SUMMARY FOR THE WEEK B. 6 101 -30 100 106 9 Treusurs 4 1.s 19475 FOREIGN. 5. 7 - Tow. 964y Argentina 65 A. mn\ Argentina 78 19 9614 Austra'lan Govt Austria 7s 19 Belgium 65 xnr. Belgium 75 19 Helghum 8s 1041, Bordeaux 68 1931. Brazil 85 1941 Canada 58 1952 Chile 85 1926 Chile 85 1941 Chile 85 194 Chinese Govt Ry Copenhagen 5izs 1944. (zechoslovakla 8s 1951. 4 henn.mk 1942, 1084 Indles 103% h Bast 1 46 French Govt 1eh Govt §s 81940 Tapanese 6% 1954 : Jergens Utd Margarine i Lyen 68 1934 Marsellle 6s 1934 Netherlands 6s 1972 Paris-Lyon Med 65 1 Queensland 6s 1947, Queensland 7s 1941, i Riode Janeiro 8s 1946 Suo Panlo, § Saine. Dept of ited Kingdom 5 7 TRIAL AND W LANEOUS Agri Chen 518 velt & Ref 15t 58 19 Amer Smeit 15t §s 19 Amer Sugar R amvngs« 18 Amer Tel & Tel ¢! tr 451929 Amer Tel & Tel ¢l tr 5s 1946 Anaconda Copper 65 1953. ... Anaconda Copper cv deb 7s Armour & Co 4135 1639, ... Atlantic Refinix Bell Tei (Pa) ref 551948, .. Bethlehem Steel p m 55 1936. Bethlehem Steel s f 65 1943. Chile Copper 6s 1932 R 5 Cons Coal (Md) 1st ref 5s 1950. .. Cuba Cane Sug cv deb 8s 1930. ... Detroit Edison ref ¢s 1840 Dodge 65 1941 e Empire Fuel & Gas 713 193 Goodrich (B F) 6138 1947. Goodyear Tire 8s 1931 Goodyear Tire 8s 1841 Humble Oil & Ref 5 Indiana Steel 55 19 % Inter Mer Marine 6 Inter Paper 53 B 194 International Tel 5 re Kelly-Springfleld $s 1931. Lackawanna Steel 5s 1950 Liggett & Myers 55 1951. .. Manati Sugar s f 7%s 1942, Midvale Steel 58 1938. New England Tel 65 1852, N Y Edison 15t 6148 1941. NY Gas EL H& P Gs 1948. N Y Tel 4135 1939, 5 NV Tel 65 1941. 4 North American Edison 6819 Pacific Gas & Elec 5s 1942 Pacific Tel & Tel 5s 1 Philadelphia Co ref 6s 1944. Public Service 6s 1944 Sinclalr Ol 75 1937 Skelly 6135192 South Porto Rico Sugar 75 1941 Union Bag & Paper 6s D. United Drug 6s 1944. . U S Rubber 1st & ref 53 1947. U S Rubber 7145 1930, TS Steel s £ 58 196 Utah Power & Light 58 1944. Va-Carolina Chem s f 7s 1947 Western Union Tel 6155 1936 Wilson & Co 1st 88 1941. .. RAILROAD. Atchison gen 45 1935. . Atlantic Coast Line 1st 45 19 8516 Balto & Ohlo gold 45 1943 94 Balto & Ohiocv 435 1933, 931 Balto & Ohio ref bs 1995 102% Balto & Ohio 65 1929.. . 891y B& O Pitts LE& W Va 451941 98 B & O Southwestern Div § efs 50.. 9214 Brooklyn Manhat s f 6s A 1968 117 Canadian Northern 63%s 1946. 80% Canadian Pacific deb 4s. Asu Central Pacific 4s 1949 75 Chesapeake & Ohio cv 4155 1930. .. 92 Chesapeake & Ohlo gen 438 1992 124% Chesapeake & Ohlo cv 55 1946, 51% Chicago & Alton 3%s 1950.. 102% Chi B & Quincy 1stref 58 1971.... 78% Chi & Eastern Ill gen 5s 1951. 6414 Chi Great Western 4s 1959. 48% Chi M & St Paulcv 4%s1932... Py 48 Chi M & St.Paulcv 58 2014. 111% Chi & Northwestern 6%4s 198/ 65% Chicago Rallways 68 1927.... 7% Chi R 1 & Pacific ref 934 94'% Chi Union Station 4348 1964 1167 Chi Union Station 638 1963 81 Chi& Western Ind con és 1662, 102% C C C & St Liref 65 A 1929 105% Cleveland Term 5%s 1972 95% Colorado & Southern 4%s 193 £8% Cuba RR6819562....... 102% Delaware & Hudson 6% 86% Den & Rio Grande con 4s 193! 64% D& R G West 58 1955 90 Detroit United 4%s 1832 74% Erie 1st con 48 1996, 64% Erie gen lien 48 199 681 Eriecv 4s A 1953 76 Eriecv4s D 1953 97% FlaEC5s 74. 1067 Grand Trunk s ¢ deb 651936 114% Grand Trunk 7s 1940 102% Great Northern gen & 110% Great Northern gen 7s 1936 92% Hudson & Manhattan ref 5s 195 75% Hudson & Manhattan adj 58 1257. 102% Illinois Central 5%s 1934...... 62 Inter Rapld Transit 58 1966. . 85% Inter Rapld Transitcv 7s 1932, 71 Inter & Great Nor adj 68 1963.. 89% Kan C Ft Scott & M 4s 1936. 74 Kansas City Southern 3s 1950. . 98% Kansas City oSuthern b8 1950 98% Lake Shore 4s 1928 96% Lake Shore 4s 1931 93% Louis & Nash unified 4s 1“0. 106% Louis & Nash 1st ref 5148 2003. 89% Mil Elec Ry & Lt 1st ref s 61 102% MStP&SSM6%81931. 91% Mo Kan & Tex adj 58 1967 96% Mo Kan & Tex pr In 68 A 1962 65 Missour! Pacific gen 4s 1075 96% N O Tex & Mex inc 58 125 9414 New York Cent deb 4s 1934. 101% New York Cent ref imp 6s 20 10% New York Central deb 6s 1936 60% New Haven deb 4s 1967. 9% NH&Hcvdeb 6s 1948 69% N Y West & Boston 4%s 1946. 90% Norfolk & Western con 4s 1996. 143 Norfolk & Western cv 65 1929, 61% Northern Pacific 3s 1947 86% Northern Pacific 48 1997 108% Northern Pacific ref imp 6s 2047 96% Ore Short Line ref 4s 1829 106% Ore Short Line gtd 58 1846. 83% Ore-Wash 1st ref 48 1961. 94% Pennsylvenia gen 43 s 19635 102% Pennsylvania gen 58 196 111% Pennsyivania 6%s 1936. . 85 Peorla & Kastern inc 4s 1890, 101% Pere Marquette 1st 68 1950. 90% Reading gen 48 1997 94% Reading 4%s 97. 744 Rio Grande Western clt 45 1949 887 RIArk& L 43851934 89%5!LIMQSE&G‘SI? . 77% St L& San Fran prind4s A 1950 93 StL&SanFranprin§s1960..... 99% St L & San Fran 5%s B 1942, 92% St L & San Fran adj 6s 1956. . 85 St L & San Fran inc 6s 1960 69% Seaboard Alr Line ref 4s 1959 77% Seaboard Air Line ad) bs 1949 91 Seaboard Alr Line con 6s 1945. 96% Southern Paclfic cv 4s 1929. 854 Southern Pacific col 45 1949 90 Southern Pacific ref 4s 1955 81% Southern Ry gen 48 1956...... 104 Southern Ry 1st 58 1994 112 Southern Ry dev 6148 1956. 41% Third Ave adj 58 196 . 924 Union Pacific 18t 45 1947, 99% Unlon Pacific ov 45 1927 998 virglmnn Ry 1st 55 1962 \ abash 5las Western Mary amu High 101-9 102-8 D08y 1081y 45 99 101% BRI 104 l’l4 101 102-3 100-30 IOO-"“ 0 ¥ Low. 1004 81% 108% 107% 834 101% 103% 102% 102 4 108% 10074 10245 104 1087% 961 100 2 101% RO 106% 104% 4 110% 100% 1014 RUiN 110% o 104% 98 101% | 101% 944 102'4 116% | 104% | spots were Allied Chemical, STOCKS GO LOWER IN NEW REAGTION | Twenty Leadlng Indus‘rlals3 Sag to the Bottom Mark for the Year. By the Associated Press. NEW nounced y veloped n today’s which was featured liquidation of the food, merchandiging and public utility shares. The aver- age of 20 leading Industrial shares zged nearly points to a new low rd for the year at 127.16, ¢ nearly points below the year's high. nding was in moderate volum the day's sales sregating 1,076,300 nares. In the absence of any adverse news developments, the decline was gen- s a further correc tion of a top-heavy speculative Dosi- tion. While bear traders were active in seeking out new weak spots, heavy | liGuidation for the long account was apparent in many lssues, some of it obviously of a forced character. General Asphalt broke over 8 points on |\uh!llulmn of the annual 25, showing carnings of | less than was | exception of . which fell 1 splendid net tendene QM stock marke by the heavy rec 20 much the fependent Of) and ¢ po other olls show nee to selling pressue, losses being held to fractions. Report Speeds Break. ak in the merchandising as uccelerated by the 1925 re 3 the National Department Stores showing only 1 available for the comuion stock, as against $4.22 | in the previous year, the stock dr ping 31 points to a new low at 2 and then rallying to 30%. Woolworth | slumped 9 points to a new low at 15114, closing near the bottom. S Kaesge dropped nearly 6 points to 46% and Manhattan Shirt over 3 points to both new lows. Acute weakness also developed in the food group when another attack on Ward “B" carrled that stock down over 4 points to another low at 29%. Net declines of 2 to 51 points were recorded by California Packing, Cush- man. Loose Wiles Biscult and United Fruit “amous Players was hammered down 5 points to 112 on selling in spired by the Government's investiga- tion of an alleged motion picture monopoly. Other outstanding weak American Smelting, Columbia Gas and Electric Iederal Light and Truction, General Electric, Ludlum Steel, Radio Cor- poration and Stewart Warner, all of which sold 2!z to 61z points lower. Rails Well Supported. With the exception of Atlantic Coast Line, which dropped 5!; points to| 1961; and then rallied to 198, the rails recelved good buying support. Chesa- peake and Ohlo issues each advanced about 3 points, buyers apparently being attracted by the $6 cash divi dend which comes off the common April 1. The New York Central re- port showing February earnings to | be the largest in the road’s history for that month was a constructive influence. Commodity markets were quiet. Active wheat futures moved within narrow and irregular limits. Cotton closed 6 points higher to 1 lower. The | coffee and sugar markets were firm. | Trading in the forelgn exchanges | was quiet, with fluctuations narrow. Demand sterling eased slightly to $4.5513-16. French francs, which | duplicated their extreme low of 3.42 | cents yesterday, rallied to around 3.45 | cents.” Belgian francs sagged over 3 | points to & new low record for the year at 3.84 cents. e INVESTMENT BUYING BOLSTERS UP BONDS Foreign Obligations Conspicuously Heavy—High-Grade Issues Taken. | | By the Associated Press. NEW YORK, March 27.—The bond market today failed to throw off the apathy which has characterized the past fortnight's trading, although in- vestment buying of railroad liens imparted a_firmer tone to dealings. Forelgn obligations were conspicu- ously heavy. Selling pressure against French bonds, unable to make head- way against the government list, found an outlet in the more vulner- able railroad and municipal {ssues, some of ‘which were depressed to new low prices for the year. Belgian 6s also touched a 1926 low. follow- ing_another slump in this country'a exchange, while Greek T7s were driven down 1% points to a new minimum figure at 85. The cushion of investment bonds, always available for bargains In high-grade bonds, buoyed up the railroad group. Michigan Central 4s of 1940 readily attracted buyers and rose 23 points fo 95, the highest price of the year. Fractional ad- vances were recorded by other issues such as Atchison General and Adjustment 4s, Canadian_Northern 7s, Kansas City Southern Gs, South- ern Pacific Refunding and Convert. ible 4s, Southern Rallway 6ls and various New York Central issues. Public utility and industrial bonds followed the downward movement of these stocks. Losses of a point or so were registered by Tennessee Electric 6s, Ohio River Edison 6s, some of the local traction issue: Wilson & Co. certificates and Vil ginia-Carolina Chemical 7s. BALTIMORE LIVE STOCK. BALTIMORE, March 27 (Special).— The live cattle market continues quiet and easy as the end of the Lenten sea- son approaches, and it takes very lit- tle stock to supply demand the com- ing week. Only cattle of first-grade quality meets with ready sale, and all common to ordinary stock has to be sold at the lower values. Quotations today at Light street wharf: Beef cattle, first quality, 1b., 8 to common to medium, 5 to 7; bulls, & to quality, 4 to 6; coks, choice to fancy, b to 6; common to fair, 3 to 4; oxen, as to quality, 4 to 6; milk cows, choice to fancy, head, 50.00 to 75.00; common to_ fair, head, 30.00 to 50.00; calves, veal, choice, ih, 14: ordinary to medium, 11 to 13; rough and com- mon, 8 to 10; small culls, 8 to 1 sheep, 7 to 8; old bucks, & to 6; co mon, 3 to 4; lambs, choice, 14 to 15; fair to good, 8 to 10. Hogs, -tmltht, 12 to 13; sows, 8 to 10; stags, § ld boars, 2 to 3; | = live pigs, 20 to 20 lhoa.!-. 12 to 15. Kresge Directors Re-Elected. DETROIT, Mich,, March 27 (®).— Directors of the 8. Kresge . were re-elected yesterday at the a nual meeting of stockholders. At the 34 | meeting of the board immediately fol- 1024% mm‘(owinz all officers ol the organization Kresge is chair- B. Van Dusen manager. were re-elected. 8. man of the board uufl ))rusideut and gene; | little broadening | ters, although generally { be | don, as producers are 12 to 13; common, thin, | C., MARCH 28 COTTON EASES OFF ON REALIZATIONS Market Closes Barely Steady‘ After Reaction to Early Advance. By the Associated Press. EW YORK, March 2 advance on unfavi ports and relatively pool cabies, met -An early veather re in the cotton market today, and was | followed by reactions. J sold off from 18.34 to 15.23, and closed at that tigure, the general ciosing Darely steady, net 1 lower te G points higher. I The opemng was steady | changed prices to an advance | points, active positions showed net | | contracts point | | zains of 8 to 16 points during the fore noon, May selling up October to 17.76. to 18,80, and | Reports of unses- sonubly low temperatures in the | South with prospects for further| showers over the belt, perhups, were | the chief influences on the early ad vance. Their effect was intensified | by more numerous complaints of de- | ayed farm work, and much of the | early buying was attributed by local | brokers to growing apprehension that | the coming crop might et a lat m.r vorable stari. Iteports also were | ng that Hll\ it develop much re. plantiy hecom Y Sprir T res [ with the pool market siderable impression on sentiment a s of | | this | ubined | ¢ ruling Liver- appeared to make con Al commission house demand was reported on the advance but the buying did not hecome at all general or aggressive, and the market | seemed to meet increased realizing around 1 r October. The disposition to take profits on re cent purchases doubtless was pro- moted by continued complaints of poor demand for cotton goods both in Manchester and in the local mar- ket, while part of the late selling come from Wall Street sources, and may have been connected with the un- sottlad tone of the stock market | The amount of cotton on shiphoard Aawaiting ince at the e week was estimated s compared w fizures neces sted of the z cl tight end-Mar STEEL TRADE BUYERS STILL CONSERVATIVE By the Associated Press | NEW YORK. March 27.—Buyers| in the steel trade during the past| week continued to follow the same conservative policy being experienced in many other directions, and limited | their purchase to nearby require- | ments, with little provision for the future. The volume of sales was! quite liberal, however, and the extent | of new business und the rate of pro- | ductfon made it evident that con-| sumption is very satisfactory. Pig | Georgetown Real ! Gen the market i iron was more active in some quar-| __ was quiet .nd steady. Copper has been easier. Ioreign | advices indicate no improvgment | consuming demand abroad, and in| the absence of export interest buyers | for domestic consumption are hold. | ing off. The latter appear to hav their more immediate needs prett well covered and are supposed to be | looking for lower prices should there | no revival of forelgn demand Producers have shown little disposi- | tion to press for business in a_dull | market and in some cases were hold ing for 14 cents at the end of the, week, although small sales have been | reported at 137 cents for electrolytic | delivered. Tin sold off in response to the de- cline in Wall Street and weakness abroad, but no weakness was appar- ent. Demand for tin plate has en- larged and the statistical position promises to remain strong for some time to come. Lead ignored the weakness in Lon well booked ahead and consumption continues heavy. Zinc was easier most of the week with prices making new low for the vear, due to the continued light inquiry from consumers and the weakness in London and in the se- curities market. Antimony was less active toward the end of the week and early ad- vances met increased offerings of nearby supplies and reactions fol- iowed. DA.IBY PRODUCTS. BALTIMORE, March 27 (Special). —The live poultry market continues very firm and active on all desirable stock, especially Spring and Winter chickens, which are scarce and want- ed. Demand is good and constant on all other lines, with the exception of geese, which are in' ample receipt and season drawing to a close. While Spring chickens, 1% Ilbs. and over, meet with ready sale at 55 Ib., and 50 for Leghorns, shipment of any fowl weighing less than 1% Ibs. is not advisable. Winter chickens, 2% 1bs. and un-| der, sell 45a50, while large, smooth, fat young chickens bring 38a40, but poor and thin stock are not so active, at 28a30. 0Old hens have been in more liberal receipt the past week and values are a shade lower, at 28a30, and 26a27 for Leghorns and poor, thin stock. Old roosters will still bring 20 and| capons 40ad45 as to size. Receipts of cholce fat ducks continue light, which is usual at this time of the year, and demand good, at 34a36, for large, fat stock, 4 Ibs. and over, but small and poor will not bring over 27a28. Season for geese nearly over and only choice, fat stock will bring 24a27. Guinea fowl continues scarce and wanted at 75a85 each for young and 3650 each for old and stags, while pigeons bring 35240 a pair for both young and old. Season for dressed poultry practically over and further shipments not advisable, as dressed stock will not bring any more than live. ‘With the approach of Easter, the; egg market has taken on a firmer tone, despite the increase in recelpts, as demand has kept pace and values rule a fraction higher. The market closed today at 29% a dozen for firsts in free cases and with the packers entering the market next week, the prospects are that the ‘market will hold firm all next week at !ofl.lll or lll‘h!l! higher values. Seccltl Trust Notes Purchased | ate) -v-lhb l .mm..w"' A T 1168 -m‘ K., rtung & Co W“"‘ " iain 372 | | i | { WE FINANCE «=all classes of meome-pmdueinl' property Large Loans a Specialty Current int. rate and :nomnll-lnl Higbie & Richardson, Inc. 816 15th St. N.W. market | 4 records | | 1926—PART 1. STATEMENT QF THE CONDITION e Atlas Assurance Co., Ltd, | of Leondon, lngland | On the 3lst day of December, 1923. as Quircd under the. Disteict of Columbia Code. | amended " June. 30, 1602, and August 18, | ASSETS Cash in oftice 3 in bank o Premiumes mmlv» Aed “and’in 1,062.93 recoverablc Total assets . o Net unpaid clain Reserve as required by law Salories. rents. expenses. tates. rok; A e Rubiiides Total liabilities trangacted during the otor Vehicle. o. Riot and arthquaks 320.275.680.00 | 464.79 4.089.705.31 1,022 985 WALLINGFORD. Branch Secretary. ied and eworn to before me this v of February. 19 (Seal.) JENNIE M. SCHIF Notary Pul 07 year 0 Queens County County Reg. No. 1 53 Term éxpires Mare n 80, o WOLF & COHEN, Agents, 518 Woodward Bldg., 15th and H Sts. N.W. ¢ STA MENT OF THE ( ITION O the | Georgia Rexistry N Casualty Insurance Co.! of Athnta Ga. on ¢ ember. 14 « t of Colum B! 1. and Aug £300.000.00 | 300.000.00 | value) .. Premiums hands of Interest. due ‘and All other assets . s Total assets . Rese: v Reineurance Comm State @t Lar expires Jan. 12 Washingian, Member Tnsurance Clib Small Loans To Arlington and Fairfax County, Virginia, Home Buyers Money advanced within 23 to 36 hours after application L. Garland Kendrick larendon. V Money to Loan Securad by first deed of trust on real est Prevalling interest md“mn’x‘ml-lon .louph Weller ae & o NO LOSS To Any Investor IN 53 YEARS THE F. H. SMITH CO. First Mortgage Bonds #15 15th St., N.W.,Washington.D.C. TRUST 18% st 8% We have from time to | time a few trusts that still pay this rate of interest. The amounts are $2,000 nd $3,000. No better vestment in the city for this amount of money. | FIRST We look after the prop- erty and collect all in- terest. All papers fur- nished. William P. Irvin 1410 G St. N.W. Main 3908 WE BUY Second trust notes secured on income producing Washington real estate. Money available for first mortgages and construc- tion loans in any amounts. Resources Over $2,500,000 REAL ESTATE MORTGAGE & GUARANTY CORPORATION 26 Jackson Place L. E. Breuninger, President 5% Assets Over $700,000 Hazen, President Floyd E. Davis, Trea:urer Clarence I. Gessford, Secretary FINANCIAL, 11 MONEY TO LOAN [t"Covicutst Trut company At 6% Interest GARDINER & DENT, INC. Main 4884. 1409 L St. N.W SECOND TRUST LOANS I have money to purchase such loans on Residence Property occu- pled by the owner with reasonable margin. WM. H. KYLE 1410 G St N.W. Main 6627 e ¢WE PAY MORE INTEREST | 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 Resources $17,000,000 | R. GOLDEN DONALDSON, PRESIDENT 62% FIRST MORTGAGES for sale, secured carefully selected residence properties Capital One Million Dollars 14th & H Streets FIRST MORTGAGES Money at 5}% Very Desirable Conditions Granted Tyler & Rutherford Loan Correspondent Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. Phone Main 475 LOANS We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates ot mnter- est. Should you have Money to Invest ~we can also take ¢ you. Our experience, tending over a period of Thirty-Five Years insures your protection. bercy H. Russell Co. 926 15th St. NW. by these high-grade Clifton St. N.W 13th St. N.W, Ordway St. WSt N Ready for immedi ery, subject to pric terest remitted the day Denominations $230 and up. CHAS. D. SAGER 924 14th St. Main 36 Satisfied Investor Carefully investigates any contem plated investment and analyzes it for DEPENDABILITY QUALITY And LEGITIMATE RETURNS He Chooses First Mortgage Notes Because he knows how they are amply secured and he is assured of annual ome 6%2% Investment Departmen: an 713, 715 and 717 I4th St MAIN 2345 Metropolitan Life Insurance Company OF NEW YORK FIRST MORTGAGE LOANS Apply to WEAVER BROS. Realtors 809 15th St. N.W. Main 9486 Over a Quarter of a Century's Experisnce Get the Most from Your Rental Property -—by having us attend o every detail. Our experi- ence in rentals and prop- erty management — spe- cializing in Apartment Houses, has perfected methods of handling every situation and con- dition to assure greatest profit for the owner. F. SAUL CO. 925 15th St. N.W. Main 2100 The New York Life Insurance Co. Offers to Make First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland. FOR 3, 5 OR 10 YEAR PERIODS %% ON APPROVED SECURITY Houses Apartments Office Bulldings MORTGAGE LoaN CORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700