Evening Star Newspaper, April 26, 1926, Page 21

FINANCIAL, THE EVENING STAR, WASHINGTON, D. C, MONDAY, APRIL, 26, 1926. FINANCIAL. . Received by Private Wire Direct to The Star Office h SERVI E BHARGE , BY WILLIAM F. HEFFERNAN. | shares for each of the present out- Fll'st Trust Money | NEW YORK. April 2. —The price .'.‘,',".'.'"::f\en“n:'»umfld".::::dnn';(;‘?r"‘s'zg; ON HAND \ i . # ® | tendency at the start of the week on hands initially at &1 This was xm, | ) Street —on-—~ Stocks Bonds [T e Faongots, s 1o v | St oo o thn oo ey | —Available for Both Desirable, Small or Large : ons < e | which was being dealt in on the bi " o1 3¢ . " Tells Virginia Bankers That | *t!}},in progress in certain direcions. | yoard around this figure. Prospects for Better Condi-, Building Loans and Improved Parccls of Real o L beun hefollinTon At i Shares of electric refrigeration com: Completed Properties uck & ompany Estate in the District of Co- e . ' rac e 5 eld firm, wit ectric e- & 3 . Many Accounts Are Car- ’v‘»klms and this was felt particularly | Pigeration up fractionally to 62% and tions Sends Price Risasonable, Intavest —PROKERS— lumbia——Morigages Renewed i Sails | il \:‘:;"fr'*:“""" ”"'"'-"'”"- “;)‘llfh several active at 231g. Ntn:kholnle:; i Commitaion stablished 1916 down 2 points or an at one time, | . i s : ; . ried at a Loss. tandizd o Hrew XUl AT Al | e e pitallation Down Today. 312 Evans Building MORTGAGE INVESTMENT DEPARTMENT 1420 N. Y. Ave. NW. Tel. Franklin 3300 Direet Private Wires to New York EIE Ty freely at a fractional decline and |of the company has been declared LU ! JAMES F. SHEA | othars of the grovp were &y 3 | of the group were sympathetic- | operative. | pecial Dispatch to The St [ ally lower 's;;:v offerings came upon the |7 {he Asociated Press 643 Louisiana Ave. N.W. | LYNCHBURG, Va., April 26.-Vic The selling, however., was not die [ market for motor stocks, particularly | W' YORK, pril 20.— Cotton tor B. Deyher of Washington. presi-| ‘0 any change In sentiment toward | Reo and Durant, hut they were not | utures opened barely steadv: Mav, ient of the Second National Bank, ad-| the ofl shares A, ouress Drices mate. | 1863 July, 18.11: October, 17.45; De- dressed 150 Virginia bankers here Sat-| The Street was still talking higher Creneral Baking “A” lost a |cember, 17.02; January unquoted. The | urday on “Service Charges on Small for both the crude and refined | polnt. but others of this group were | cOlton market opened barely steady Accounts.” the main point in his talk | produc : which are expected within 30 | comparatively firm. Ford Motor of v at a decline of 4 to 8 points heing that banks should make an South Amer Oils othi Ny E B00 « down over 20)0n Drospects for better weather in} IR o nothing | G E the South and relatively easy Liver ,ooooflooooofl»04004oooofi/ | A Safe 7% Investment 713, 715 and 717 141h Street Main 2315 We Buy and Sell analysis of their business and find out | further on the side of advance, but | points from the Saturday final, fol- 1 can] just what their costs of opera o | held the recent improvement. lowing the receipt by several com I‘f"l'_lu les. £ 3.4 3 We have a limited number ¢ and how many accounts are carried| (General Flectric new. stock, which | panies of orders for unmex";flf Sl e L T L S conjtancalin of long term First Trust 1 ert onas nt a loss. Mr. Deyber said in part is to be is of cars to »ominion. hpss otle i v r. Deyber said in par sued in the ratio of four ! ment of cars to the Dom tomorrow, ns well as realtzng or sell. | Notes, with Northwest Wash- “With this first-hand knowledge of ington r estite worth vy . v ing of new ecrop months, developed | vour costs and the jheavy losses you W YORK, April 2 rnum\lmz\ 80 Prairvie P 1L . AN B ve i s e ’ I Ara sustaining by reason of umproft:|is &n official st of bonds and stocks | 49003 Q'Gal nev Wi Fttenitie ftive eee forlinat wenk (DULRE < e Gl Ban s calli: reasur otes he New York Life Insurance Co. able accounts, you will he convinced, [traded in on the New York Curb Mar.| 3008 o Rahens over.| L May and 17.30 for October on cover- ing, with some commission house and ! foreign trade buying of the new crop months, A private report pointed to a de. @ of 2.3 per cent in the ncreage. with an increase of 1 per cent in the use of fertilizer. Another authority reports prospects for a decrease of only 1 per cent in the acreage, bhut neither report seemed to have much Ofers to Mak Firs Mertgage Loan On Improved Real T- and Nearby Suburbs in Montgomer 2 FOR 3, 5 OR 10 VEAR I am sure, that the remedy lies in the [ Ket toda 4008 O Kentucky. )S a service charge. Sales in BONDS 108008 0 XY In the District of Columbia we|thousnds ) 5 RS OhE pia. jon—the Bankers 4 led Pk 6 acuum O1l IS CUTAY Aliied Pk e including | i -:I\llvllv Snl.ul " lyl)fl)‘}‘.h’l)l}s‘l” o1, 8 practically all the banking institutions m G in hundreds. » : of the District, about 41, ranging in | A o L' Amer Con oilfie. 43 deposits from approximately $300,000 Asso G & to $39.000,000 the we have the, Clearing House Association, comprised | There's no form of invest- ment_equal to First Trusts —and you can buy these notes in any amounts from $100 up. They yield 1 Ask Our My. Kelley for the details Etc. Bond Departinent The Washington Loan and Trust Company have a dual situs Association, its membershi; tate in the District of Columbia County, Maryland. FRH)II\ AsSim Hard 6158 Atl Fruit R, | B vommiym ,moooon&ooooo.oo.uo“ooooooonm 900000020000 0000000000000000000 000 of 12 pational banks and one trust S s i C e e ol S g gt o KEEVER'"JGOS mber: e 1 3 Apartments \For 8 number of vears a sy 115 K ""’j‘ 1752 620 17th Street Business Properties 2 0 Ofice Buildings deal of discussion, with bu octo action, has been indulged in. “"[‘I';;I';";,',;"‘ Pt nber 44040000000 000000000000 ing unprofitable business and the| Margay -'»""a'"\ e Quotati N APPROVED SECURITY [ ser v remedy. Two 30 Mox il New Orleans Quotations. Years ago the banks were requested | TR l'[‘,\!;,j; NEW ORLEANS, April Cot i 1o furnish a committee of our Bankers 10 Mount 4 ton—Kutures _opened steady: May Apply ation with the following data A r“u«_:" o 17.84; July, 17.50: Octoher. 16:56; De i % g RO of acea 1S | il g e rember, 2 E I 1927), 16, 2 elone 10, “Hrom 10 10 S35 from | 13 5o e B e marker ean e eatl Success— RANDALL H. HAGNER & GOMPANY S50 to §100, from $100 to . from | Tl Do e our; Summer opening hour with easier 0. trom $500 to $1,000. from od T RC Pennok 0il Corp prices, owing to favorable weather in MORTGAGE Loay CORRESPONDENT 000 and from $5.000 up: | i Tranic s |5 Bed e o the belt over Sunday. The issue of i e ; balance, pere | o0 Rt B | ASheter Toner notices for 2,500 hales of May delivery DICIOUS investment of savings 61 1321 Connecticut Avenue Telephone Main 9700 3 the total number of accounts, and to | | was an additional incentive for low 3 3 . /2% 4 the to deposits | %% |er prices. Hrm| lrudnndxlu;‘\\'rd lnr:::v to build an independent income ’ “This analysis as applied to my| alt €k Pro 1, [of 2 to 11 points and the mark 2 : ; - om Bank ditloned the: astbnishing | " e | \v:}”m'u""u.’q 115 | continued to_ense off after the call is ‘the surest road to lasting pros- First ac at of the 3300 checl anitoh P B lys A 58 Venezuelan Pet i May traded at 0. July . e L kit are et o Mase Gas 813" iy Spln., 2 2 174 ana’October at 1654, or 9 to 12 el o Mortgage A Third o, ed $3.48, 639 averaged § | 570 °¥"0il 17 14 1% | points below Saturday’ vlnse. 'l;rndrllr’:fi P - N, a Centur | v averaged In other Aords ,f‘;l:“s"\r‘ TRIALS Jyas brisk at the start, but s 5166, (6. 5161660 Notes Exporie | counts were below $100, r 17 Otis Steel 6x A Lo 631 came quie! | exenting only $53,000 total deposits, | 10 Pan Am Pet fa ; the end of the first half-hour o A I;:m et e amis, an 2 oo ¥ 64 1“- had rallied 2 to 5 points from S i e A i Pen P&L B8 D | i only 2 per cent of the deposits | of PhE b Higy the lows. R P i 00000, and about per t 3 phia Kao T e enia roperties of all the activity. Ninety-eight ac-| j hury WIpCe 8%s . showing $1,330,000 deposits averaged $13,700 per account. or 3 cent of the total accounts, and cent of the deposits. And this| was an average showinz of all the oather banks submittinz their figure My long belief that a service charge was not only justified on small | accounts, but was absolutely essen tial if a bank was to continue to operate on a safe margin of profit. bhecame a firm conviction after this FOREIGN BONDS. OsszmmHELP e HOME OF HOwes 1417 K Strect Main 9300 & Member Washington Real Exiate Koard %] OUTLOOK OPTIMISTIC. Speeial Dispatch to The Star. BALTIMORE, April 26.—Optimism Schulte’ R Shawsheen 75 South Pow & 1. 6% SON Y B1s S oy o third of a century As management specialists we know how to find ten- ants, how to cut costs and build your profits. Satis- fied clients prove our pol- as to the husiness outlook for the r:» ¥ | | ! —has extended over a ] i | 1 mainder of this yvear and the part of 1927 is expressed by A. Goldsborough, secretary of the Bal- timore Association of Commerce. Mr. Goldshorough hased his en- couraging forecast on three main factors; first, that the prospects of | the farmers are good: second, that Brad Firepr(z A Bridgeport Mach . Brit-Am_Tob Con es; earning proper ties prove our methods. Tell | | « analy Antioqua 7s A... 91% | 7 Bkivn Gty 1 Badenin " P b RSl labor is better emploved than last “ aden 35 ; 39 Buenoa’ Aire i 'g;‘,{ N '"f year and is well paid, and third, that = buliding operations are continuing at a good rate. Alluding to the prospects of the agricultural sections, he pointed out that export demands for wheat are | likely to continue good. He prophe- | sied that the wheat erop this vear would be better than in 1925, but wot large enough to hurt prices. LAKE ICE STUBBORN. Car Light /’/ Experienc Evokes Conftdence Forty years of fair dealing 61/2% with the people of Washing- ton are sound cause for faith BRITISH HAVE NEW 1 B RUBBER OUTPUT CURB ;:-«.a.;-,;;; Plan Will Go Into Effect in August | if Price Goes Below 42 us what you need. | i Our Study of Col & Alk DA Com P C n f&m B ¥otai: 100 Com P C war. .. nsol G_Balt ‘n 7 Consol Laund. Contin Bak A’ 47 Contin Bak B 32 Cuneo Press. . . Curtiss Aero M B. F. SAUL CO. Main 2100 925 15tk Sto N.W. 1M Finl'd Benmack 5iy8 Cents a Pound. e aea L e e S Convenient . . _— 2 hor T v Special Dispateh to The Star Amounta of 1 First Mortgage Notes DETROIT, April 26— Break up of 100 and Up issued and recommended by Br the Associated Press. LONDON, April 26.—The element of | nncertainty which has existed in the outlook for the crude rubber market and rubber shares has been removed. The colonial office announces t a new method of output restriction will o into effect in August if rubber falls helow 21 pence (42 cents) a pound. the ice in the Great Lakes still isi slow despite warm wenther and heavy winds. Open water in Superior extends from Duluth_to bevond Grand Marais, Minn., but Whitefish Bay is ice bound and the Straits of Mackinac still are closed. Lake Ontario har- this organization. VA Saumers Co= Founded 1887 contem- p]'nul investment and analyzes it for DEPENDABILITY QUALITY 11 Ruse G filas 5 Sanda, Falla | wher the original restriction ,N“"',,,.\ I 1433 K Steeet MEobiale scheme aimed at keepi the price | ¢ " b Main scheme aimed at keer PICE | gpes STANDARD OIL ISSUES | o e REAL ESTATE LOANS ME . The announcement it has been | " "0 Horne Servmse F?Z:"%L‘w".afr'f;\‘* 9% N - LEGITIMATE RETURNS He Chooses First Mortgage Notes decided that the percentage of the| 3200 Continent OIl nw standard production of rubber which | yho Famperignd P L. may he exported at minimum rate of | 3600 Humble 0il & R Auty from Ceylon and Malava during 10 Humb O&R 1 wi the three months beginning May 1 M Ip0 SrEa o Ereed Eisem RC .u-mTM INT HOUS PROPERTY 1/2 % IDE AT LOW RATES FRED T. NESBIT e 1 shall e 100, and that the maximum{ ::vj\;;' T{!’-;:«-'x : Investment Bldz. ot e :n..p_‘.".. Mex il B 1 he k I ) ] ! appl le tol 40 ie nw 2 Happiness C St A # Yecause he knows how they are amply secured he assessment of estates of more than : Happinen C StE 43, : E t bl c 1 B d; ; s Crasbilaa cres in Malaya, shall be abolishet —= & Uul pid I ¥ as @ nual - ince R A L T —— i Lt o 2o oI Equitable Co-operative Building Ass'n e me of standarc woduetion | i ; 01 v & - 7 g 3 » o SR Lo .'«L‘S’Wasnmgton Stock Exchange A niery o A B = Makes i O e ot e ptary 1 to 300 pounds an acre for mature rub SALES. | & e 157903” 1.86 Jnny “‘ b+ 2 0 her and 200 pounds for rublier in hear- | puhern Bidz 61a—31.000 at 102. | i 1st Trust Loans fi --$5,031,814. Surplus e 81.352,710.93 ing but not mature, R 20 At 65, 10 at 68, & at A8, ¢ ipti At the same time provision will be | "whliihgion Rus. & Elee pfa-—2 2t 91, 2 | B Lo VAT on Approved Real i Subscriptions for the 90th Issue of Stock Being Received made for restriction of exports to 80fatdl. T 0 0 g % Lehigh vV Estate Security Investment Dppl,r'm')"[ . per cent of the standard production | \Waehinkton Loan & Trust Co R Low Interest Rates A 10 at 480, X Mesabi Tron NEW YORK. April Pere Marquette Railway Nelson H Crpn ew Eng T&T C. for the three montl hezi: A it | 24 A0 etro . 1. should the a e o :'\‘?"«'m.m Transfer & Storage com.—10 1 Mourostn, Sie, SEE rubber on the Lon, market fall be- | 3 04 oo i Storage pfd.—10 a0, Ul H | SY MA l L 8 i TR e L T Douglass & Phillps : three months beginning May 1 | 3 M3 Mid W U rta. A VING g 5 7 G nning o ArTER CALL Y o B 4 ; Inc. S 713, 715 and T ] Washinzton Gas Light—10 at 68, ohaw! al new 8 . 2 £ N PERE MARQUETTE SURPLUS. | Mones—tall lnans. 5 and 6 per cent. I onswe M Fow % 1516 K St. NW. e st PHects et s dhies ik ] ot o] Bid and Asked Prices. at Puby Ser A. [ Frank 5678 ’ cumulating money. Results have established this fact. Join the kel BONDS. 1% of 38 ; ¢ 2 4 in March ; PUBLIC UTILITY, b HE R S # Equitable and save systematically g‘r!flrwq.t:'"r‘;r” s $1.061.007 R e 30 North Pow n 8 and you will accomplish in a finan- n' i Amere & Telaw {56 bE sl b n W Pow €14 { cial way more than ever. Join % Anacost R, 5 5 ¢ B 4 3 MUCH SPACE DISPOSED OF. |04 % FRs T 18 tod urity Te " P Tt egbll M0, G & Suburhan 4 gt Batomae Special Dispatch to The Sia PHILADELPIIA. Ap . Sixty per cent of the available space in the | bullding of the Sesquicentennial E: | 3 Purity | 1P o gl (LE3§ Rickenbacker Double Your Principal position has heen disposed of to pros. | boromas B RIS i ; pective exhibitors for §1.800.000 | 1 Pow. &l P q,}{i‘i‘,“\‘l’f:" G I i S |3 AL & Mt Voor 1 v El Corp A 1, EARNINGS SHOW GAIN. | Vafnian &S00 ™00 o 1oy S e £ 1 10-1- Y i NEW YORK. April 26 UP).—Karn. | SR B malll A% voqBos B &L pnt i m 2 eal‘s J ings of the St. Louis \m,vm\mmrn?\n,h Rwy. & Elec, gen. 6s.. 103 3 Soit , P Railway hoth f March and the first | MISCELLANEOUS. i quarter of 1926 were more proftable |y ¢ pape; co.Mte 6e... 88 gpec | Pglon Gu 4 T g Y HERE is onl to doubl than the corresponding periods of | By joim suc T Vsl 101 03 Zson Cit U vch . 5 . S l F is only one sure way to double your 225, lus after sen for o8 cnerm Bl .,s“, 101% 1Sou fee & Ut A s 2 Benl . . P . he e m‘:lszy:!‘i" es ;4 e }‘l;“" Southern, Pi¥%id storage 5s.. 95 3 gand ban € & » Organized_in_1814 wo a ar l eJ or 011 principal. That is by sound investment, in which against $413,222 a vear ago. March | STOCKS. 3 Stroock & Co. ... * your principal is kept safely intact. ) ;Hr{b}u» was $152,054, azainst $100,238 PUBLIC UTILITY. By n March last vear. Gross revenues i 11 8 : J t W k i wth e e e e el NI AR . 3 Sitt & Co: . 2 Lk l]S a ee Once safety is assured, the gro of your money de- Je:e—$6,402,189 inst $6.581,260. R T 2 8w 1 Tampa Elec mew, 583 531 5 % pends upon the rate of interest you receive. For ex- . Mool @ waun, Sisamiboh i0%% '-”,7' bize A S B vic183 | 172 7 18 —ago, the local press OUR second salary starts ample, if you invest $1,000 at 4%, compounded semi- BALTIMORE EXPORTS. Potomac Elec, 1t o v l'{)’:?xg?o&.]m.:p,‘ e announced the settle- % il o st i vestuentt annually, it will grow to $2,000 i m about 1714 years. Sperial Dispatch o The Star Wash. Rwy. & Elec. pid @ o 2 1 h yi 2 A ’ a it . hHE ment of a Washington i 5 o a i P ¥ rml‘ad:‘xa’lf'rlsn{ ORE, April 20 711}1":\": of NATIONAL BA! 1"41 H-'l'i'i‘ Pava Estat e that had geen in good income-producing secur- But, if you invest now in a $1,000 Smith 1St week shows that 458, | Xational Cavital.... ... e S 8 o i Bond, ing 7%, and rei i ities. 5 , paying 77, and reinvest your inter- 053 bushels of all kinds of grains were | Columbia shipped, a decrease of 31.136 bushels [ Gommercial compared with the previous report. ' garmers & Mechanics. 8 Erain s T aha | FT e Sushels of wheat, 109,080 hushels of |JAPerS - oats, 39.200 bushels of barley and 25, \',".".m.l Métropol 714 busheis of ecorn. Other exports | wemees were 4,898,692 pounds of copper, 400 | bales of cotfon and 400 barrels of | flour. “tied up” in court for THIRTY-TWO YEARS. 1 Legal del in settling testamentary matters can be avoided by leaving an impreg- ( nable Will, and naming there- in, a competent Executor or Trustee, such as this Bank. | &7 OUR TRUST DEPT. in- | vites conferences on this subject. 3% Paid on Savings National est at the same rate, you will have $2,000 by October, 1936—just 1014 years from now. Smith Bonds are safe First Mortgage Bonds, secured by modern, income-producing city property, and pro- tected by safeguards that have resulted in our record of no loss to any investor in 53 years. SRE When you consider that no in- vestor during fifty-seven years has suffered loss in the offerings of Swiartzell, Rheem and . Hensey Company, you'll realize how safe our First Mortgage Notes are. Rt PP At P PR & = 1 3 1 B 4 1 4 1 Ranic of Washingion, TRUST COMPA rican Security & Trus ental Trusi. SUCCEEDS LAMMOT DU PONT. | Yriiot Satines & s WILMINGTON, Del.. April Unlon Feust & wiise. (Special).— Walter Carpenter, SAV: vice president, treasurer and member alh Bt of the excutive committee of E. L | famt Wanhington . - du Pont de Nemours & Ca, has been & elected vice chairman of the com.|JeienticSireet. ‘Staton.. mittes. This office was formerly heid | Bite e Sicehunics' 20 Ari Common Gold. i 5 Eng Gld M Ltd T Send your name and address on the form below for our booklets, “Fifty-three Years of Proven Safety” and “How to Build an Independent Income.” THE F.H.SM1TH CoO. And when you consider their high yield—614 % —you'll realize how substantial your second sal- ary will be. 90 Hawthorne M % Hollinger, .. 1 Hecla Mine: ... 21 Metals_Prod ‘6. . 2 Yew -Cornelia. . om. st B g 135 o B PI DA RAB e BT I= 1SN *® FEFR 16 czenthaler 1. It's queer how careful a man can | Merzenthajer | he after he's lost his money. Abe | Praples Drug Martin says that a man who is not | Lanston ‘\:nn&v De... or. 3 on AR L Crhonit Tk Fiihia, 3 1% |and 49,714 for the same week last gl,! compared with 53,711 the week hefere| Profits, Over $1,800,000.00 { vear. Receipts from connections were | 5 fi 5 | 38,529, against 37,953 the preceding | oks closed, | week and 32,257 in 1925, 15th St. opp. U. S. Treasury 57 Years Without Loss to dn Investor, by mltf;r:'lnml dd" "d'ont. ,“",:" was FIRE INSURANCE. gq i % rec lected presiden! t! - " E any and chairman of the committes, | ATenean 3 3 ‘.’rmf“" fif Ko’ Uhion. 2% RRSERE (Y 4+ Ty om 9 7 Sk & S fonopah Ext . B s % o fiaert s e s W % etropolltan a1 SMITH BLDG.: Washington, D. C—Main 6464 h oN, 26 (S fl“ » o " . ” . ~Prices, 13 pu’rch‘z.",’m:F ,,f}.:‘\i'if?“'_" Beal Fetate Titige "0 ‘4| CANADA LOADINGS GAIN. 112 12 Swartz ,Rl;zeem &Hensey Co., New York, Philadelphis, Pittsburgh, Minneapolis, Boston, Albany Crumps, 139.4, Irving Fisher, Yale MISCELLANEOUS. | Special Dispatch to The Star. Years k la: B economist, reports. D. C. Pager pfd.. 4' | NEW YORK, April 6.—Canadian (;:;‘ an YE"! 1‘!«08’"’ ’efa”mkg’ ‘ESTOR IN P [l ’J.fi!"-’r’??fi.‘fl}'&e-nr % | railroads report car loadings for the T87-15¢h. Street, LW, WashingtonDC. NO LOSS TO ANY INVESTOR IN 53 YEARS Betore You Invest—Investigate, Mercnane” Toan & Stor. pfd 0% | week ended April 17 totaled 56,643, ||| Capital, Surplus & Umnvued — e —————————————————————————————————————————— satisfled with 6 per cent and his| ol < money are soon parted. b