Evening Star Newspaper, April 4, 1926, Page 85

FINANCIAL. THE - SUNDAY STAR, WASHINGTON, D. O, APRIL 4, 1926—PART 6. FINANCIAT. 11 | ~ ] — _ Current int. rats and commission 101 2 o] o N o’ 00-16 100-30 100-17 Liberty 2d 4348 1927-42... 27 100-22 100~ sy = 1021 101-1 1019 100-25 Liberty 3d 43481928 1018 1014 1018 37| [ ocal Bankers Booming Shenandoah National Park IN FlNANEE URL n Washington | Higbie & Richardson, Inc. Interest on DAILY Balances 816 15th St. N.W. 3 102-23 101-29 Liberty ¢th 4%51933-88.. 102-18 102-12 102-18 3 88 1089 10120 e ::,‘8110 104-13 10]3-:0-105-9 Treasury 4%4s 1947-52. '.“lfs;d’xlo'l-n 107-27 872 Project as Asset to District of Columbia—New | "Come in andJet us explain S s s 5 5 : h. Low. fligh. Low. * Close. . Last, 4 i | Strictly High-grade ISSUES| ‘smw e~ iog s Areentina s Acsbr ey Listed Stocks Active on Exchange Here. Prices Fall in Face of Facts|| Commercial Nat'l Bank | Small Loans 108% 101% 102% 1004 Argentina 7s 1927. . - s e To Arlington and Fairfax County, Little Hurt by Stock Price , |,01¢ 3, s oex AustrainGenis ‘ i 5 STON That Should Bolster 14th and G Streets Virginia, Home Buyors 01% 981 102% 100 Austria 7s 1943 00 BY EDWARD C. STONE. ing the necessary fund sent out let- | Resources $17,000,000 | Wy .d"n; Hihie 26 6 36 Rowrs | 5 g 8814 3% 874 81% Belglum 85 1955, 3 Mot t a 1l the local bank ¥ ; vs ago that | ters vesterday to all the local banks v lication Fluctuations. 110K 106% 110% 105 Belgium 7%8 1945... . the Washington Loan and Trust Co.|UMging co-operation on the part of Them Anew. GOLDEN DONALDSON, PRESIDENT | pplic & : these institutions and asking that ef- L. Garland Kendrick 108% 106% 10814 105% Belglum 85 1941, e plans the erection of a fine new bulld T 8% 80 864 B8lw Bordeaux 6s 1934 S Thg on the three propertics adjoining | [OFts. be made to arouse the active . = - BY GEORGE €. HUGHES. }‘,fi“ T Toa s g : ? its present home at Ninth and 1 |support of all citizens of Washington | oo o (@ e Prom Clarendon, Va. Clar. 422. wspatch 1o Bhe Star. . - - it b streets has drawn attention to the e plan. b, oy “.1 YORIR April 3.—The sharp %23.‘: }g{.: e Canuas v rapid bank expansion now Folng on m?“h'! bankers' committee consists of b.‘:f:"we‘;g‘l‘);(-m:l‘;;‘!‘m“"n ;{,’:“‘Mz:l‘_' SVn e hrket Qootation. TEESile Isen 1o0n OTH Cifie Selsel. all over the clty. Within the com.|Charles J. Bell, president of the|been a week of Contrasts b the Qitl R ia. ral withotik i HAOUBN] R18IE 200 Caoars aon L CHAlCaRNEe. s paratively recent past such striking [ American Security and Trust Co.)th A0 WeariCel, P8 CHe el for ny development of | 511 401 L e b e BRI | changes have been made that the |JORn Poole president of the Kederal. | prices crashed to new ow 1eCoR 500 [100" B4k 1004 96es Gopenhagen 538 1544 Capital's skyline, so far as bank (Amerlcan Natlonal Bank: Bebert W | [0 YOF 2000 reaking first-quarter biéa explanations are possible for | 1024 101k 108 98% Crechoslovakia 83 1951, .. p buildings are concerned, has been en- "“l_l\lnm president uthhe Riggs N: - e o s iria duteiat Qecline. Libly all of them re-|105 991 108% 102 = Denmark 68 1942 tirely changed. tional Bank; Eugene E. Thompson of il whllis wis b Srilow depen L10f Son e i Dot mast inewhibs A 3 The = Federal-American _ National | Crane, Parris & Co. and Francis G. | comparies e dogline, W02l fig g . g 108% 105% 103% Dutch Fast Indies fs 1962100000 EA haniben In s dtaa il Aollion Viss pEesUIL of e el GiOtadl val do0 necou v LATRIDY Metropolitan Life Insurance Company e any e b Lt e e e L R BT S Hh Ing of the Riggs National Bank's ex.| After a national park has been ex | the greatly ova ;‘l‘l”:::;d“'?"‘:‘"e‘;"fif;’; OF NEW YORK e D ciition: second, the|20zy 0B 108 305 Gorman 751940 ol 1 pensive annex was another important | fablished, the Governmept WAL de |05 08 PN TCO0 G oty which ap- rench and | Belgian ex-| 89% Holland-American s f 68 1947. ... even in local banking circles not so| VeloD and maintain it But the Gov | T OUPe, oY, & SOl e a8 the week FIRST MORTGAGE LOANS ing the financial confu-| g4y 8 Jaj 451931 Y very long ago. Shoftly Lefore the|ernment does not buy the land, an o RS’ panese 43 1931, .......oe s e wal aterted the | this 1s why outside funds are neces. | closed. 95¢ by 5 sary. The new park is only 90 miles | French francs sank to the lowest e Aialel et B0 S P R Dok SLRY Japanicas S4cH 1O0<. : National Bank of Washington luilt inty about Belgian affairs, and | 907y Jergens Utd Margarine 65 1947. N e iy paimicion 16 jts | from Washington and great interest is | level ever recorded on the eve of the Apply to \ird, the discussion in the Senate Lyon 6s1934. ... 3 i being taken in it here. It is felt that | French Chamber of Deputies’ adoption headquarters and about that time the |, %) 0 tien) national park will be of | of a tax bill, practically bringing to WEAVER BROS. over the Italian war debt funding, ac 14 Marsellle 6 19 ¥ i D e Natlonal Savings and Trust Co. com-| g.o,¢ penefit to Washington and this|an end a two-year struggle over the . companied, as it was, by predictions | 109% 102% Netherlands 65 1972 i in C gt American loans fo former bellly:| €14 0 781, 78% Paris-Lyon Med 6 1958 e Y pleted extensive wdditions and altera. | §1Et, (RN 0T (e Yankers' cam | financen of the Conmtry” which nan e crent Kuropean powers would ne T4 101% Queensiand 65 1947 . . Tiikew 3 " Tt paign to provide the means with [ brought about several changes of be repald 1125 109 113% 1101 Queensland 7s 1941. . . Likewise the Commercial National| RRER (0 Brovde fhe Wi, W | oo ment, Belgian francs also 809 15th St. NW. Main 9486 Under the influence of this com-| 98% 934 102 874 Rio de Janeiro s 1946. . [t Bank's commodious and attractive | VR 10 IAEE, 00 OE Pehet a: riass Bottont: biration of adverse developments, the | 10415 100 106 102% Sao Paulo, Staté of, 8s 1936. home is still rated as comparatively Trading on the Washington Stock | Wheat futures dropped 3 to 4 cents averaze price of foreign dollar bonds [ 92% 821K 901, 85 Seine, Deptof, 78 new. It is easy to remember when a|pychange during the first three|a bushel, the May option closing al Jisted on the New York Stock Ex-| 9213 84% 83% 87 Serbes, C Slovenes 85 1962 fruit stand was located on the site)onths of the year has shown about | 15634, despite the fact that the be- change fell to a new low for the year.|106 1(3 106 1044 Sw 51939, . where the Farmers’ and Mechanics'| (ho sume volume as during the same | ginning Of the harvest season this Yrench and Belgian bonds were af-|105% 100k 104% 108 Swiss S5 108 Natfonal Bank now occuples its own | nety SqTe MOIUTIO b e by Wil ise the' smiallaey fected the most seriously, but other [119 115% 119 117% 1 Kingdom 5% 1 co. 118% bullding at Wisconsin avenue and M "rpe nojysues investigated by the | domektic carry-over in years. Al Buropean obligations SHopeTIGR] 103/ 10 CERVSIS TN Uit tel <tk con avsn street, Georgetown. The Liberty Na-|governing board and listed on the | though cotton exports have shown a coun the finances of which are in | INDUSTRIAL AND MISCELLANEOUS. tlonal Bank building 1s still one of the | ;xchange have proved very popular [ marked falling off and the domestic comparatively good condition Went| gy a4y 105 103% Amer Agri Chemical T%s 1941.... 1044 newer financial structures in the ¢ity | in most instances. Among the issues | textile situation is etill clouded with down' with the French. The sclling| g95, 951, 101% 99 Amer Smelt & Ref 1858 1947.... 1004 While in another part of town th®|that have not been on the board very | uncertainty, cotton futures recorded even spread to some of the Southjo7ig 035 108% 107 Amer Smelt 1st 65 1942 R residents were happy to ee the long are Potomac Electric Power pre- | slight gains. The main tendency of g tulen thiean e et 1043 102% Amer Sugar Refining 68 1937. 4 102% rise and dedication of the IMank of |ferred and Potomac Electric Power | commodity prices has been downward Jomses Wwere very slight. Part of the| o 98 967 Amer Tel & Tel cl tr 451929, .Anacostia, the same situation apply-|interim certificates. for about three months, according to decline all g the line was regained 102% 100% Amer Tel & Telcl tr 5s 1946. ing to the Bank of Brightwood. Two other new stocks that have|several of the popular indices, the at the weck’s close, when the I 4 3008 T81% Anaconds Copper e 1983 2% In short, there {s hardly . bank in|aroused wide interest in the first|present general lovel being about the one y (0] oan brightened and the suc 10714 208 Ansconda Copper v deh Taidss the Natlonal Capital that has not in |quarter of the year ure Federal Stor. | lowest since October, 1924. South American ¢ 90% Armour & (o 4145 193 o 91% P very recent yvears either expanded.|age Co. preferred and Merchants’ Despite occasional criticisms of too | 3 wed that fnvestors|100y 97% 101 99% Atlantic Refining deb 6s 1937 bullt branches, or at least carried out | Transfer and Storage preferred. Both | many ‘“undigested securitie Secured by first deed of trust on Real \were regaining some sense of discrim- {103 = 100% 108% 100% Bell Tei (Pa) ref 53 1948. . » very extensive improvement in order | have attracted a wide following for | of the alleged causes for the lack of . tates inithe Nations Capital dnation 91 90 96% 92% Bethlehem Steel pm 65 1936.. o better to take care of the steady and |such new issues. securities buylng power, new bond|f 2 pital. Nevertheless, it was a trying week| 97 931, 99% 954 Bethlehem Steel s f 65 1943 A substantial growth of the banking | —With the exception of the new Mer- | offerings to date this year have ave for those who have advocated foreigd 1113 105~ 109% 108% Chile Copper 63 1932 *. 106% business in Washington. Even the |genthaler Linotype stock, which was | aged nearly $100,000,000 weekly, this Current Rates investments 81t T8 86 . 81 Cona Coal (M) 1strerSaiee. ... 5 Government caught the spirit of the |listed vesterday, the newest issue on | week's aggregate being $46.000,000, Three Causes of Sentiment. 102 94% 100 97 Cuba Cane Sug cv deb 88 1830. ... 2 times and the handsome Treasury an- 1 board Is Peoples Drug Stores, | despite the blg break in the market. Prompt Rep]y Now as to the three causes for the | 108% 106% 108% 1074% Detroit Edison ref 65 1940. nex was the pleasing result. 1 rading is yet to start in this —— o it 100 98 Dodge 68 1941.... o : ‘ stock on the Washington Exchange, = Such a vio eaction 4 € - % 205 5 3. Moulton, director of Jew York Ci | guarket experienced always brings | 10815 100 ; s gl : ; : Institute of Economi o Tatlion || Tomk, CurDULGES W IOt e Bankers are urged to adopt some of | ON' bout @ certain amount of liquidation | 111 107% 112y 109% Goodyear Tire 85 1331. ... - lace, when > the entet| Unlisted Securitles Prices. the methods of life insurance com-| €, other speculative market 121% 119 122 120 Goodyear Tire 8s1941......... Pheea 2 o ten in an article appearing In the | uch synmathetic reaction is 1021 991 102% 101% Humble O1l & Ref 5135 1932 ... p aime of the new Bureau of Savi Following are the “bid” and “asked” | Bankers' Magazine, in which it is sug- | - iy fernerarss A6 10 thi brel 104%4 101 104 102% Indiana Steel 5s 19 : tesearch just organized in New prices of local unlisted securities, the | cegted that bank officials might weil |} 713, 715 and 717 14th Street That roost of ihose foreign loans wiil| 91's 82% 89% 84% Inter Mer Marine 68 1941. ““h»\l“xl\‘:(.)“n zlrxm"flm!lr'mm 5 [ same M»_inll)lu inted for the benefit of | gpend an hour or two a day in outside | f Main 2345 lRer s rerald. if by ith o o 951 BTl t5% 92 Inter Paper 68 B 1947.. .9 s a member of the EatEts it theoe Takion: P R { ‘n;l—“\v(exml:‘v ‘\fifih;“\ 1:(\(1;.\"“1:; 1”1 gn;::,”‘)" 110 116% 10814 International Tel bsrets......... :l ::{flli p::;;:':q Yx’l(n‘.‘( "l'::‘r;le 1 BONDS, o “?1{:;6’7!"1: ix‘\:um“w e vl i FOLY 21 # poac : 31 Kelly-Springfield 85 1931 5 p cts no : I e s . ably correct in many instances. That e e e tion. The first is the assembling of A man. woman and chiid o prospect | is what happens with the funded|{ oo, . 103 99% Liggett & Myers 58 1951. ! figures from mutual savings banks [COAMS (TUD fnrjome‘ S gl St | debfs of perfectly solvent railroads,q, 103 100 Manat!Sugarsf 718 1942... ... 4 100% | giving the activity of their deposit ac- | Metropolitan® Clib ‘45, - B0e8 ionlly and selentifically. In & few ud public utilities. There is nothing 95% 93% Midvale Steel 68 1936. . - counts on a monthly basis for the last foshed R A e otlu. Ve heen very alarming about the corporation|,o5" oo . eland Tei bs 1032 20 years, ‘While the total of Saving | snacost s atanoes similar metheds baYs bees making & new loan, the proceeds of|y)5, 412 . Y Edison 1st 6345 1941. ... deposits seems o rise with but little | Chavin g o . and the personal solicitations 2 which are to be used to pay off anliog. 100 105 NYGasELH&P 5194 interruption, the activity of accounts | (habin-3acke 7% pid ;‘;‘{,‘;‘"‘_(,"‘_ed benenctal A Third of wid bond asue. 5 99 954 9 Y Tel 41381939, . themselves appears to show consid- | Connecticut Pis Co. .. | : | ™ any life insurance agents have be- | | a Century's Most economists believe that| 1oy 106 Y Tel 68 1941.... 4 2 erable variation in response to|Christian Heuri-h 8 st iaante W theie. work Paamriance America will have to continue tofjg3 “gg7y v X r 3 changes in bustness conditions. It is | priartmeptal - that they actually feel they are doing ||| - make fresh credit extensions in onc! gg g3y BT hoped that aside from the purely [Frankiin N i 2 D e homan gervice when they g0 The: Facts- About form or another to Europe for gen-|j;o0y 924 102 T 9 scientific interest which such an|M o Sut and persuade men to take out! 1¢ racts Abou erations to come, but that is no rea-{;p5 101% 1032 Philadelphia Co ref 6s . % % | analysis might have, it might also |X s B . The writer su sts that ! A R " son for pessimism about all outstand-{101 85 103% 100 Public Service 6s 1944.. ... : 2 1% | b of value to bankers in connection | X Bank .. . | Pankers might get themselves into the | Apartment ents ing foreign loans. Nor must the| 95 88 971 98% Sinclair Ol 75 1937.......... ¢ with the development of new busi- | Did Ditch Mkt pfd. of Va same mental attitude in offering their j L stroug _sinking fund _provision LY (129 1067 131 111% Skelly 635 1927..... i 1% 1227 | jesq along savings lines Fotomar Sa¥ines Baik various financial services to the public —are in our records—go- el se foreign loans | 106% 102 % 107 South 751941, , : ot Wi s tc aleieh Hotel Co. <o ral soteiiatic | : 2 b = which so many of these gn 1o 6% 102 108% 107 South Porto Rico Sugar 7s The second subject which is to be | Raleieh HMotel Co.\ . through personal solicitation, ing back for a third of a are protected be f ml;n. ‘\T lonz 105 93% 105% 104% Union Bag & PaperésD.......... 2 | taken up at present relates to the |washinston Base Bali Cluh - \s these provisions are observed—and | 1041 100% 106 103% United Drug 68 1944. ... Ges % | {nstallment business. It is hoped that | Woodridge & Langdon S. Bk, 1 | - v 51 1 ~o far there has been no default in{ 91i; 85 9 91% U 'S Rubber 1st & ref 58 1947...... 83| TS Aaformation nky. be! obtained iy D Pesal SECOND TRUST LOANS uimur_\, With this fund foreign bonds have one[108 104% 108% 106% U S Rubber 7128 1930....... oot HiAfich ConipaTiSe ‘Which would 3 & Days Popular. of knowledge, plus what ment in their favor, 106% 1041 107 105 U S Steels f5s1963.. .. 108 3 858 | P eenMtive. tHilr tHatalnient | ’ v have seen ' I have money to purchase su S whenever the indentures| 98y 91 97 95 Utah Power & Light 65 1944...... 9 5% | iredit and installment collections | number of changes in the location of || loans on Residence Property occu we learn each dav in con- hations of Northern Eu-|112 109% 1184 111 Western Union Tel 6155 1936... .. : va been guring recent vears It |Several Washington business houses. || pied by the owner with reakonable ||| : B S ling in their high-rate 91% 101 98% Wilson & Co 15t 65 1941. .. ....... i | may be possible to sekrexate this in. | Bonbright & Co. investment bankers, || marein. tact with owners and ten- coupon bonds and replacing _them RAILROAD. formation as between automoblle and ;;:.7(”,'.}?::"”5“;';,‘,, ;;-”dlnv-flmem WM. H. KYLE ants, we are fitted to ana- with moneys borrowed at home at 4| goi; 88w 913 891 Atchison gen 45 1935.... 9 % general installment business, and also Sl uilding, at the || oo T Mals 0837 wych lower rate. | 4 jon| 94% 89 4% 924 Atiantic Coust Line lnt ¢ s by sections of the country R S (TR ks lyze and manage your This brings it down to a disc 64 92 89% Balto & Ohio gold 451943 . ..... . so planned to make a sur- | & er, {nvestment bank- - S 4 e 5 -+l e o o S o e ers, now are located at 1508 H street, Money to Loan | apartment for your profit. ns in France and in those| g5 891, 87 Balto & Ohio cv 41481933 vey g te H o 9 % 5% 95 yey in the nedr future o tinge do. |and Edward B. Smith & Co., invest. | Secarsd by fret deed of trust on real estata. " countries where budgets| g4 85% 95% 9315 Balto & Ohio ref 55 1995 . laws relating to time and savings de- il to be balanccd, and where|103% 102% 103% 102% Balto & Ohio 6s1929..... ‘ posits in various classes of institu-|Ment bankers, also are located in Joleph.&hw:“:“%d“%?i"i'w‘ l I ‘ he difficulties of ¢ N to the gold | goi, 83% 91% 89% B&OPItsLE& W Va4s1941... tions, 1In this connection the bureau | N€W offices in the same buflding. e e O 8 ! | F SA O I e The Tvoth | ooy sou Lk 6 B & O BoutawaRterDiv b cTa0: 5 In working racher closels with the | Banking Students to Dance. | Firgt Trust Money || 3 G g € Chamber finally has voted new taxes,| 2% 824 96l 924 Brooklyn Manhat s f6s A 1965. ) e atitute of Builking sik \vhich are said to be sufficient to bal'| 118% 116 118% 117 Canadian Northern 6%s 1946..... 117 the American Bankers' Assoclation,| Students attending the Washington ance the budget. But collection of 79 83 80w Canadian Pacificdeb ta. SN : e A e timate thought of pre. | Chapter of the American Institute of ON HAND 1hese taxes siiil is far off, and there| 90 864 91'% % Central Pacific 4s 1949, 4 2 o6 iOF § s- | Banking are making elaborate plans . J< Still A quéstion whether the French| 981 94% 99 977 Chesapeake & Ohto cv 4348 1930 DT e o o rolome. dea. | for thelr annual Spring dance whien| —Auvailable for Both people will renew their subscriptions| 93 87% 94% 92 Chesapeake & Ohlo gen 4148 1992 ' b D ith he” savings bank and sav. [ will be held at the Willard April 17.| Buildi s to the maturing short-term bonds. 143 102 150% 124 Chesapeake & Ohlo cv 55 1946 %1 {ngs development in its practical and J. Jesse Chaney, president of the fn- lding Loans : hificance that | 58% 444 68% 51% Chicago & Alton 3%s 1950. .. > stitute, has nam Co ti 1 War thla week for the first time that | 108% 100% 104% 1026 Chi B & Quincy lat et b 1971 OperEUIEIIRI, L o Yiin e mpleted Properties encl. bonds were materlally dis-| 79% 71% 8% W i Castern gen 68 150 . 75 3 4 > there are some very fine Charleston i e 6414 Chi Great Western 48 1959. 3 One hundred years ago Charles|dancers among e stadents in high Rm’c":'b::n{':?l':fi The New York Life Insurance Co. Offers to Make turbed the continued fall in the | 68l 69% % < 60% 44 4 48l ChiM & St Paulcv 4148 1932. . Paicy, then 18 vaars. old, (DoAY | ARAAOR: franc. “ In the domestic investment market | 90% 774% 90% Chi M & St Paul gen 4145 1989.. ... resident of tne Washington Trust stock Auctuations were an influence in S5 fi‘: :E': o 2::2: x‘::“:l';:'fi‘!‘flo";')“ - Con Westerly, R. 1. He sfl;\'('dh in R JAMES F. SHEA . the speculative and semi-speculative | 58 ety hadin i this office for 55 years, and when CHICAGO STOCK MARKET. 643 Louisiana Ave. N.W. : D | 2ASOBL, 11134 Chi & Northwestern 6348 1936 ... ; % aken up By | e i O isiana Ave. N.W. e ‘”",:l.i.;‘.ldsj 88 T B 86K Chicaso Mwilwaysiaidtr. ..o NRAMCi e ot R DR re‘p({j{‘o“f('lg(.h‘;'psfi»"i‘;!‘ Following is @ s or € Lo0ans honds. There i : : e et B Ll o b et e Ml s iy served for 45 vears in that position. |closing quotations at the Chi > 2 . s e 91ty 96% 944 Chi Union Station 4155 1964, . 0 s . 5 ) 1L sl Tl - o cago F]Rs R ; 3 istri . 18 e diltherto expressed in’ fihi 118 1361 118 116% Chi Union Station 6345 1963, ... & So, for 100 years father and son have | Stock Exchange On Improved Real Estate in the District of Columbia e R vements is up. | B3% 76% 85 81 Chi& Western Ind con 4s 1952 4| been president of the bank—a record | guey . Clges. and Nearby Suburbs in Montgomery County, Maryland. trend for gilt edge investments is up- | 83% 8 O8O0 E 6 @S Vot ba A 1920 e | that 1s believed to be unique in Amer- s ; 3 M t o7 e fcan banking. 00 A oney a 70 FOR 3, 5 OR 10 YEAR PERIODS ward. Distrust of stocks induced by ’ Slow: 5 yecent performances in that market |107% 104% 108 105% e s While there is no banking concern | “y o is pretty sure to turn the attention of ( 38% 90 G2 §Gl CUba R R 68 1962, GOS0 «|In Washington that has any such ibyrn Mo : Very Desirable Conditions invesiors more and more to bonds. | 8% O \Tol 10974 Delaware & Hudson 5145 193 record as this, yet there is one firm— | 4§ Beck. Granted We are not likely to hear so much | y 88% 85% Den & Rio Grande con 4s 1938, the McLachlen Banking Corporation— y 2 o Hon. A te wbout the superiority of common g 70% 62 D& RG West 58 1955. . % b that has had a father or son as its Gent 8 3 i ses partmen stocks to bonds as we have in the past 96 . 90 Detrolt United 43%a 1982, . president ever since it was founded. ; Tyler & Rutherford Business Properties Office Buildings BiX months. The better grade of pre- 78 74% Erle 1st con 48 1996. This bank was e: m;léhls(!‘w;ll ZVSK ivel;s E farred stocks will be helped, too, by : 70 s 199 ago by the late Archibald M. McLach- £ 1he new-found conservatism. G N - fe, Who began his business carecr in ON’APPROVED SECURITY Common Stock Suggestion. 85 7% Erlecy 4s D 1963 : I % the real estate fleld, but soon saw the 1t 1s rather curious that this change 9915 971 FlaEC6874..... need of a downtown bank which §1._fnvestment fashion should develop | 1081 106% 107% 106% Grand Trunk e should serve the small depositor as just when the Interstate Commerce |117 114% 116 114% Grand Trunk 7s 1940 B well as the large one. Cormmission is pointing out to the rail- | 103% 99% 105% 102% Great Northern gen 53s 19 5 3% Since his death some years later his ways the advantages of financing on l:‘{?“ 108% 113 110% Great Northern gen 2 son, Lanler P. McLachlen, has been common, stock instead of adding to ! 94 95% 92% Hudson & Manhattan ref 5s 195 ! president of the corporation. bonded fndebtedn; % 6T 76% Hudson & Manhattan adj 6s 1957 Bankers Boom National Park stew T - = 8 t & The carriers have long been looking | 108% 101% 102% Iliinois Central 535 1934. . 2 . el i Swits =yl forward to the time when they could | 74% 59% 73% 62 Inter Rapld Tranait 551966 bgm:;h:::tgl:‘enx?xgoa{\sN:tliin:;eggfi Thiop Gac & o - Phone Main 475 MORTGAGE LoAN GORRESPONDENT needs for new money with | 95 94 86% Inter Rapid Transitcv 7s 1932, R oot and pushing it vigorously. The ",nshuw capital stock. A few of | 79 $aW “7L FAGIAC et Horad g 180) - gpen’siax cbmmittee named to arouse L o 1321 Connecticut Avenue Telephone Main 9700 891 Kan C F't Scott & M 48 1936. L ; COLUMBIA them have now reached that goal, but | 89% 80% 91% 9 in the plan and assist in rais- L ! o, 16 ‘ol ol a 4 76% 74 Kansas City Southern 3s 1950 b interest in Pl Total sales. 18,000’ shares. i e » m (o noed o be reminded of' the | 75 ; PERMANENT fl.~AND THE SEED FELL IN FERTILE SOIL— fact by an outside authority. 93% 88% 97% 98% Kansas City oSuthern 68 1950 It xoes without saving that the| 99w 97 99 ~ 98% Lake Shore 4s 1928 a3 AR . ‘ capital structure of the railroad will | 97% 98% 97% 964 LakeShorads 198} f..-oo oo ESS? | BU[LD'NG he & « 7% 954 93% Louls & Ni Be improved by the sale of stock in- 132:: 13}‘: 110% 106% Louls & Nash 1st ref 5348 2003 . stead of bonds, That kind of financ- : S QY 08— ing will also fmprove the status of the | 92% 84% e i‘:‘fz:hll::!sus.u!‘:;:- ‘r'.lrlu e y B i ivi i S ; A:_—‘,/ :;::;L\ ‘(]r way Siinandne, :t e ‘2;’; “;i" 102% . Showing Current Business Activity Compared With Same Week a Year Ago ASSOCIATION .= k7 ept thie theory that a tendency to- - E » ward lower eommodity prices will in. | 93% 76% gg:; 964 Mo Kan & Tex prIn 58 A 1962 ' PAYS 5 crease the demand for high grade | 97% 88 7 el B Lok W) 68 65 Missourl Pacific gen 48 1975. bonds, the particular issues most| 67 624 100% 96% N O Tex & Mex Inc 68 1935 sought after will be those of which | 98% 92% 9 : vl | 57 944 New York Cent deb 4s 1934. the most outstanding s ot Tikely (o | 98 ors T 1015 New York Cent ref Imp 68 2013 h 7 925 15th St. NN\W. Loan Correspondent Mutual Benefit Life Ins. Co. Newark, N. J. 1018 Vermont Ave. 28 coo £ €300 i~ 1 5130 LS et ey ._ OB b oD Pt e R F R ORI S FE P88 S5 F ‘.:.:‘:';;:k.'l.;.‘.;;ul indefinitely or liable to | 1988 106, 108% 106% New York Central deb 6s 1935 The ing institutions are N _ The ~ fina : 8 99% 97% N Y N H & H cv deb 6s 1948 already for just that type of 76 69 N Y West& Boston 4%s 1946 band, ana bsorbing thern as fast 93 90% Norfolk & Western con 42 1996. . It l"- Assets Over I PROFIT BY a8 thoey come into the market. It will o Norfolk & Western cv 6s 1929 shiortly be the turn of the individual |161% 126% 166% 138% T 5 BusINESS b | il x - 64% 61% Northern Pacific 3s 1947 p 9 ” e el et | 41 8% *E5 SR ot RERET 0 > $700,000 NATURE'S EXAMPLE 87 E AN R s 108% 104% 111% 108% Northern Pacifie x;-: 1m’pngs 2047.. 'WHEAT PRICES RALLY |4 i *§ ‘i Seim it fd : Boapniopmong GEEDS that fal in good ground take i, He rhe oo B e e root and grow—and then one day 5% 91w 97% 94% Pennsylvania gen 4%s 1 el P lvania gen 55 196 fl oy avis, Ireasurer . . . 4 DESPITE BEAR NEWS |13 5o 1353 107 Fennayivania ssam 120, Clireiesi L Conlords Sscrehiey they will have developed into a vigorous 1;_,“ 31% = 41% 85 Peoria & Eastern inc 451990, 5 - || - TR e fruit. By the Associated Press. 101% 97 1084 101% Pere Marquetto Lot 65 1350. it e i CHIC . April 3.—Wheat p 97% 90% Reading gen 451997..... GENERAL BUSIN for the country as & whole, indicated by bank ¥ m ;allle:l PSRl .m&?‘«“fi 96 1 oaN" SUTE :‘x ;‘2,":‘;“‘ :’*‘.v";m P deposits outside New York. rompared with the same week of last year. : . Dollars plaeed in safe, demdab[e v indications of a good siz 5 7 80 4! o Grande Western clt 45 2 . s o SPORRD! 11 KBBEININeS kb il D SN RIATK&TLA%SI080... .. .. e B L i aErYE BISYIRCE, and remunerative investment also de- supply total on Monday and week 91% 89% StLIM&SR& G 451933 it it e b At e A e L] velop in value and working power \ng up of accounts. Fore- | ¥g——71 ~ 80% 77% StL&BSanFranprindsA 1 e New evelam T P 5 s »ml further moisture over Sun- 96% 93 gtizg:n ;rln r;r%ln;sllssszo. . 3 T T > s ¢ failed to act as an offset and 10246 99% St n Fran 5%s B 194 > Tin o 5 too, did’ expectations that the 84 924 St L & San Fran ad) 65 1956. T Chloaxo | Bt Tophe | Mmooy el First Mortgage Notes Gdvernment crop report next week 82% St L & San Fran inc 6s 196 . & 3 ~ = 2! 1] weuld make a bearish showing. An 74 69% Beaboard Air Line ref 4s 1959 = ! l Are Fevtile Investment Ground f:lllmulw (;r\nm a lead]inx c;ov expert 87% 16 gumrg flr t:nn adj :- x;u 5 LEADING BAROMETERS AL Ri RN at the Kansas ylelds this season 961 91 Seaboard Alr Line con 68 1945 g ANNU. ETU! would amount to 162,000,000 bushels 8% 96% Southern Pacific cv 4n 193 Showing trend of Important factors. @s against 75,000,000 bushels her- 87% n Pacific col 4s 194 H Present trend. vested last year was also without 92 n Pacific ref ¢s 195! Business in dollars (checks cashed) . Steady much effect on values. 1 73% 84 814 Southern Ry gen 4s 1956 . 83 Employment (Dept. of Labor) 105% 104 Southern Ry 1st 58 1984 © Wages pt. of Labor) ... 114% 112 Southern Ry dev 6%s 1956. Cost of living (Industrial Conferenc 65% 41% Third Ave adj 5s 1960. 5 53 Wholesale prices (Fisher’s Index) ..... 94% 92% Unlon Pacific 1st 48 1947 cult prices (Dept. of Agriculture) 100 99% Union Pacific cv 4s 1987, ement_of goods (car loadings) .. 102 99% Virginian Ry 1st 68 1962. . Retail trade (Federal Reserve Board) 102% 101% Wabash 1st 5s 1939 ‘Wholesale trade (Federal Reserve Board) . 101% 99% Wabash 6%a 75. 4 Fallures (Dun’s) ..... oo b5 -70% 66% Western Maryland 4s 1952, 87 i Bond prices (Annalist) . 99 96% Western Pacific 58 1 8 Stock sevese % .85 83% West Shore 1st 45 2 Stock market volume (shares traded) B - 3 &Compiled and 0opyrighied by Cambridge Assoaiaies, Boslond: 62% 68 New Haven deb 4s1957.. : i o b«e§§ : Now a Buy? AN iy apncn now. ir clients took profits in [an tocks sincs 1d (ot tt ot i ottt I 41+ 713 l4th St Main 245 +++ 130 g AMERICAN SECURITIES * 886 Com Ex. | A P59 New. York, N. Y.