Evening Star Newspaper, October 30, 1926, Page 15

b HINGWGIAT THE EVENING STAR, WASHINGTON, D. C. SATURDAY, OCTOBER 30, 1926. FINANCIAE. s 15 - came out immediately after the an- rE—— s T nouncement of the stabllization Dro- | Secured by dret WE FINANCE 4 i« NEW YORK CURB grum was important influence upon | g Frevsiin ? The New York Life Insurance Company the whole market for foreign issues. | Joseph I. 4 ' Received by Private Wire Direct to The Star Office The unprecedented estimate of the = . L e it . cotton crop has been discussed from ol 3o Current Int. rate and cot 1 A ll'St ort a e ans : [ i » ted considerable | every angle. Taking the carry-over & Richardson, Inc. AM F. HEFFERN Michigan OIl attracted cp v o PRTHE outnern 1] W, ; NEW YORK - Oc attention. Report have been current | from the 1925 harvest und the huge o i5th 8b, N t { NE { October 30— Little ad- = 5 i under | surplus indicated for the crop, e : : .- 4 vantage was gained in elther direction | ey hcrer AnUCla) Drog i nave ac.| the cotton market is contronted with 15th and H Streets On Improved Real Estate in the District of Columbia T, o i O e ‘for The rise in the price from |an overhanging supply which threat- pi and Nearby Suburbs in Montgomery County, Maryland : durink today's brief sesslon of Curb | counted for the vise in the BEE D0l dens 'to last another vear or two and || The Office Building where B 3 Years, 5 Years, 10 Years Market Eases Back a Little :‘:‘\‘::.n:‘:: ,','Jx':.".'i."?'"“d )wuhl ":: miate atitime TC wasTEESTIE e e e n “which conditions || service is the watchword ||| When You Need a Loan very much mixed, sactions occCurr YL ) | . ‘ offerings making themselves falt. in | lnse from 20 1o the top fgure, but | can be improved from the standpoint || o s gegtrable ofices avallable Think of Welch, Realtor - on Southern Sellmg ATter |certain airectioes, whils elsewhere re. | during the past few days offerings |of the cotton grower is through re- = =gt y Home: Office Buildings newed buving was having it effect | have carried the price down until | striction of production through the gle or o Loan Specialists Apartments Business Properties Early Ri upon prices. "d"_ f“ was selling jut above 30. planting o part of the present cotton Money to Loan : arly Rise. » again commanded inter- | ‘*The poor showing made by the first| area o otner crops. So far the trade || Allan E. Walker & Co. ||| At 5140, and 69% Interest SR SRR #st. operations in this quarter agai he Cuba companies ‘in its Y s s ioling in biher prices for prominent | aport Tor e facal Jear_ ended | ublect, The markes haf puid g Enaamen 01 e SR REET ™ | || RANDALL H. HAGNERe® COMPANY i . sues. 8 was true of the tropical | Septbmber 30 failed to have any in- - ¢ Gith banking aid i @ T xtras Incorporated NEW YORK, October 30.—Cotton |oils under the leadership of American | fluence on the market for Porto|amounts of cotton. with banking ald, |} 813 15¢h St. N.W. Main 269 Reason o Vg Ex futures opened firm; December, 12.55; | Maracaibo, and of such standard is- | Rican shares. 5 A i Sk Ttate-dae? MORTGAGE LoAN GORRESPONDENT : ues as Indiana, Kentucky and Prairle | South Porto Rico Sugar chan A 4 y ; i { January, 1270, March, 1296 MaY.|0il and Gas. Large blocks of Inter.| hands at the opening at 138, a gain | The dificulty with thiss diveminex 1321 Connecticut Avenue Telephone Main 9700 13.18; July, 13.40. The market opened | national Petroleum came out under| of a point, but came off la Fox | tion schemes is that there y y 4o ke the action universal. This FIRST firm today at an advance of 20 to 32 L?::jh:;'a’ {;v:ll. but were readily ab-| Theater, class A, appeared to :: ;;:x {g,;:‘ 1B case. cotton. growsis who 5-}% TRUST LOANS roints In response to relatively irm | QUL L B S TGS O L K | L Che Srock Fxchange and was | cit down and go into other fleids feel |l o ‘DISTRICT PROPERTY Tdverpool cables, reports of better de-| Among the so-called penny issues, | freely offered at times. ‘u‘é"hi‘é’i}.‘ffl,“i‘-{é‘fli‘.‘; g e 5 — o mand for cotton goods in Manchester, | - T Protution and receive the higher |[il Provident Mutual Life and b ful view v t- low! 3 39 od L e b at D el [Istocke hcaasn 3rton ftie NeW: ork b H prices that come from u smaller vield. Insurance Company Funds | + light volume of Southern Hedge sel- | Curb Market today. AR I THE McLEAN CO. | ling here vesterduy, probably brought | Sulesin INDUSTRIALS. " ] BUTTER UNCHANGED. R 6 in some overnight buylug orders, also, | hundreds. Huclh ' Tow. Clowe 44, 1515 K St. N.W Frk. 1121 3 d the opening udvance curried Jun- FAIL o o e 8 #ii}]| cHICAGO, October 30, (. BuLteE = AGE MONEY iry contracts up to 12.73, the highest SAm Gur & BT 108K 106 108 3 “31t | —Unchanged: receipts, 7,152 tubs. e c = FIRST MORTG price touched since the Government e ;':‘I"’:“""-‘ ’_‘"2% 1:1’3* 2:!1»% 0 1% Iggs -Unchanged; receipts, 2,689 ;’m»mm report lust Wednesday. At this le 1T Aul Sewtlog vic.. 387 H7% agn 30 38| cases. wore Southern selling wax in eviden®¥ 1 A1 Supers fwpt ¥e " 06" b8 e W S ans viade on ‘however, and the market eaned buck A i eend 32y tw Biw 2% %u POTATO MARKET DULL some § or 9 points from the best be- 1 2 2 20" 29 = 1 Rentals ) Ve have funds available for fore the end ¥ the first hour. Sk 38 o8N FUVE ¢ CHICAGO, October 30 (). —Potatoes | |} a 5 ‘We have funds available 1 An early settlement of the British RS i ] 38 3% | —Receipts, 267 cars; on track. 553 First Mortgages o bled Baild: T coal troubles not only would be ex Rorh Av s a8 4 43 o7 37:: cars; total United States shipments, Second Mortgages desirable Building ILoans. pected to open the way for a revival prosewyaMgated, Sa0 a0 28 9811 {1,178 cars; trading slow, market dull ! gag! of activity ln‘l,:nn-xmhI;Q. h::x ::":; 1 ulotd Co.- it 188 18 4 247 24" |and kw:\nlkcr. -snccl;":" on d‘“;‘;':‘ i NG| .@5",‘,},‘?,',’@,"‘??“ lense ocean tonnage for Ahip ot Co e 2 2 Y ; rouna whites, | & NO REI ] £ - o DR AL ot o Butope. ol phie MY 3 | et SEANDARDROLL A8 UER. 2.5003.40; fancy, shade higher: bulk, QUICK ACTION Low rate of interest H Nt ork e Ntures o eady 2 7 7 X 00 ol .. 19 10 24 3 y 3 ts, 2.65a 7 H ot e G PR e el st sid | aRoo ol O ca 1RYIRE RG | 22002300 Haaho, mcke rueer, S0: | § Guaranty Mortgage Co. and commission ; Devember A 13 ! fan i 90 Tmp 0 of Can & 8% ?‘3'»" 3«:“::‘ bulk, round whites, 2:20a |'! 468 Louisiana Ave. N.W. B 88 §Coneot Laund. . 314 21, fly | 200Pewn Med Fiel 138 In 1ad & » B o seament: - maerr ey Lk S e IDVEAR o v ah A% AR | 0T Renn 0" 188 104" 198 SILVER QUOTATIONS. e .. New Orleans Market. siDunkin Joul 1. 208 208 anif| s1o0 Ind 943 -0 % e e 4 NEW ORLEANS, October 30 ().— 1Bt A7 38 ab @ 183 B O o . FOR SALE . . Cotton, futures opened steady; Janu- Erier %o S0 0 0% 43‘;: 88 AR Ao O RIE S SR First Deed of Trust Notes Main 2100 925 15th St. N.W. ary, 12.77; March, 1291; Mey, 13.08; Wel Cor B 148 14% 14% ¢ Wi 3 July, 13.28; Dacember, 12.70. The T Sue ror 138 148% 1% T BANK CLEARINGS. Bearing 61,% Intereat Sir Walter Scott ket opened strong today with first G ’i; a8l gmg 198108 xpw Special). see WELCH Realtor 7 -18% * trades showing gains of 2 to 21 points. i e o2 NEW _YORK, October 30 (¢ pectal. L The ndvance was due to favorable B, 2 & H Bol N Xonk ek foleciaig (S 1110 Established 1899 Liverpool cables, extensive rains in 3 3 % 102 210001600+ 2 ork the western and central portion of fig ] 881t 108% 10232 15112,000,000; New York Federal Re:|| 15th and N:’V:'Y"., Ave. . the belt, prospects for settlement of bR EbR T 1y 15, | ™™ Denk itk 300,000,000, Main MPELLED by his code of the British coal strike and the an- 0 40 97 ‘97 é et (L G i i L 20 honor to make good the ne@ncement that Egypt has decided a0k 30y 298 82 POULTRY PRICES STEADY. ire I f ublishin 0 cut cotton acreage next season. 988 %8 1410 1 % e o= € Prites com’(‘nup upward after the e i%fi 120 nu“:"f":g‘g-0“:"?2301?2;‘:’0’“01&1{. firm in which he had been a opening caM, December trading to e g e Vi T ipts, 3 vls, . January to 1278 and March to| .y Attt 48 SR 88 | add A@5h 0% 17a23; Spri 5 turkevs, 30; e Mutua partner, Sir Walter Sco;! 2.93, or 21 to 24 points above vester. i Tmperial Tovac. M3 W% ny E b7l uip roosters geese, 17. | I turned out “best seller” novels day’s close. Neur the end of the first SpnciEm Don o . 38| =R A = 3 1.3 II]. of his day with hurried aban- QIR o rtes o st Sipaint | Wao swBinE” | ek et e S S sl o B ME 0 S " Serial Bui g || don. In'two years alone, his — T — New Orloans cotton futires closed stoady | 13 1D S8 € cal 44 4ael 4dx | 13 Gaymeaw Pou'hs 3y 83 First Mortgage Loans || P || flying pen earned £40,000 of LLFE INSURANCE COMPANY at’a netadvance of 14 to 19 points 11ib R Ch Strs 1 2 it gfi:-: bet 1':3 o ,lxg‘lnl 1:;3 Lowest Rates of Interest and Commission i A tl a £120,000 debt. OF BOSTON, MASSACHUSKTTS e o 0 e | (e e e ) TREECERURDE RN anti | Association 0 12.74 4 Marmon Mot. .. 42% 424 42 2 2 1y p— - R ®... S —— 4 i 9 Int Al o8 | Organized October, 1802 2 130 1388°° 7 Mohaw e Pow ‘958 198N 193N FKeT };é s ; : | Under Government Supervision | Yet for all of Scott’s earn- i el H 27 i8d 18% hfb b i 1§'§ Plro‘"de‘“ Mcut“.l Life | Subscribe NOW for stock in | ing power his life was a finan- —is making prompt loans on Averpool Quotations. - by By 8 5 7 2 nsurance Compan | . cial struggle. Carelessness S < LIVERPOOL, October 30 (#).—Cotton | 3 Po H fé“ 138 o 3%t et Lt G I the 35th Series ! etk g\,‘“,inm aihirs and Washington real estate at « —Spot qulet; prices steady; American 1 Nor atates'P C'A 10870 108% 108 % I Eundsito Lusn ||l Shares $1 Each, Payable e middling, fair, 843: strict good mid- | 5 Norn Pow m .. 18" 157 1a Ty 1015 In Small or Large Amounts 'Monthl. | a love of luxury past his in- lowest current rates, through dling, 7.53; good middling. TE: atrict il Pac Suthotier .. 124 'law 6?. 0 at 53 Per Cent i S come made it necessary for its local correspondent m nK, 7. middiing, 6.98; strict 7 Penn Dix . . 3 3 E L | . . i S S # R middiing. 635 Tow middling. 6.08: 1 bemn Ohie S6c.. 1088 10 '.‘§ e WM. H. SAUNDERS CO., Inc. || 5% Interest him to spend his declining strict good ordinary, 5.68; good ordl- n-{ Penn Wat Pow C 189 ¢ 188 4 3§. Realtors | years in toil. nary, 5.03; sales, 6,000 bales, includ- Philip Morris ... 1212 22 10 1433 K St. NW. Main 1016-7 id 0 ing 2400 ‘American: recelpts, 16,000 T T PR i 13&.,, — = paid on your savings Th st T mP rales; American, 11,200: futures closed ’\ Roves 46 46 314 1031 e necessity for living very steady November (1926). 6.80;| 13 Serv EL C 3% 18% a1 23 cehi : December, 6.84; January, 6.90; March, séfi 368 w 198 REAL ESTATE LOANS within an income and closely FOUNDED 1907 " 6.96: May, 7.05; October (1927), 7.21. . gg? 1 watching business affairs and 1417 K Street—Main 9300 (‘“O’I!filrizafix qheon closing value,” October ‘bz ‘i 1088 2 0 investments is even more im- R £ 3 , 6.78. 7% P i NO APPRAISAL CHARGES OR RETTLE * 3 tant in this age when suc- R & . e ig 42 G | portant FEES—MINIMUM TITLE COSTS Your Banker Knows. 3% 88 100 FRED T." NESBIT | | cess is judged more than ever When in doubt about a security 180 16 108 ESL0 Vecmeny (A e by financial stability. Busi- coneuit vour hanker. It is equally ax B l‘gx‘ Brets . 100% ness men of perception as well much his interest as vours to protect 10 o Sales in OREIGN BONDS. 3 ' your savings. You trust him with i {%:‘, S1% | " Ao A.. 93y 03 P e Your deposits—why not trust him 13tk Mad ™ a8 ™ a1 BAnteua Tof:: 04 B M comes demand unquestionably = with your investment problems? ;Wfi?’m’fir{‘- fis g:g gsw 9 a8% 11 safe investments find our A Third of = White 8" Mach . 188 18w, w5 614% First Mortgages the a Century's M ¢ Washington Stock Exchange | aisin, “0iNs s1coxs, o7y 07 means of preserving the Experience 4 Ianflgmg an ity o7 o7 ggg 2 fruits of their labors, for they Apartment 1 Ty Co.—! 8 E = X H Bilgmac Hlectoh Bovar 0A 8% 200, 00 0p" e o3 A Mountain is only many know their money is guarded P Neolinslon Bwy. & Elec. p1a.—35 at O eI H] . by a company whose investors . A oA inElon Bwy. & Flec. al 3, TS 11 small lumps of dirt. i —calls for experienceanda il 3 80y B0 st ave not suffered loss in over AFTER CALL. 90 i —Confucius g 9 . o ko - b T galehineton Gas Lieht—10at 71K, 10 at| 18 Nipimi 1‘125 § v ’!iig “él’g ity gk yies Hieiiid GOl Lie . . 1 Toch Hughes :10 5, W Y 1] . edge of the renting situa- Bid and Asked Prices. Sl i 3 Sales INDEPENDENT OII, STOCKS. e 38 Likewise a dependable fina: i Holdi i B i unite. 168 1a% . tion. olding tenants 1s ONDS. b A Con Olinge. 80 80, 89 e aen plus is only a great many individual 4 £ SBLIL Ty 364 Marscatbo Co. " 43 0% " d% LR bha dollars. Confronting the average man wa ze more important than find- Amer, Tel, & Telga 4s Asked. 19 Cariy vnd :g& 18 :g}z ot u%l: is the problem of am u 5 % 5 American Tol & Toien 4% eoE g O S I £ »§‘- saa Our Partial Payment Plan provides a ing them, for that is where Amer ot & 1ol i) {ommpla"ia . Tag Tz 2 i A ] solution whereby each month you can eem Sei B P Angomiy & bor e 5 Cons Roy new.. & [ regularly invest toward the purchase of the profit lies. Our service ] :‘:;;.m.’( n".ff::f:"’.} ¢ o G OARDN ;'fm,,:‘,":;':,', Bate Depentabiel and Hens holds tenants for owners. BIG B TRADERS PROCEED Cy o WITH CAUTION DURING THE WEEK First Mortgage Securities ige Bankers B. F. SAUL CO o = T27-15% S§t.NW. . . C b > o ‘Washington.DC. Bullish Events Fail to Brmg Expcct:d 57 Wi lg L Main 2100 925 15th St. N.W. ; y 5 Years it T by 2 5 St NOW. . Stimulation, and Pre-election Hesitancy minvestor 18 BL s b Wi g o Is Noted by Many Dealers. . otel Sis 106 - e — asiét i i A IR B EIF R, STOCKS R R T S e T T RO TR - e e T : E PURLIC CTILITY BY STUART P. WEST. tonnage are impressive. They have S = == Open Until 5:30 P.M. Tel. & Tel fi"'{"x"‘-m'r.m . ... 1485 Special Dispatch to The Star. been breaking records for all time. * Monday, Nov. 1 Maton Gas b 4 i The street has seen them translated NEW YORK, October 30—The| . . i . " qtistactory groas and net week's operations on the Stock EX-|earnings. But, as against this, the change have involved comparatively d:‘vldc;ml ;uyh;,g rallway shares, even 4 . ice list. Neither | 81oWing for the recent setback..have little change in the price list. Neiths N on ihe Tecent astback; hate side of the speculative position hus| ;¢ 'them have probably discounted the anything to boast about. tonnage movement and the eawrnings Ou Wednesday, with the publica- | statements, unless these are going to tion of the brilllant quarterly Teports | eventuate in higher dividends. of the I'nited States Steel und Gen-| It was rather surprising that the : | eral Motors, pins the increase in the | raising of the Pennsylvania dividend 450 Pennsylvania dividend, there was ax | from a 6 to @ 7 per cent basis did o | powerful an incentive for a buving not serve as more of & stimulant. One movement as hus been seen for ® |of the most conservative railway 70 Norfolk & Wash ~Sicamboat. 270 Potomar Ele ntd sEaans Wa wy 170 901 NATIONAL BANK Nattonal Capital 2 a olumbl ommercial istrict Wash. Rwy Washington’s OLDEST Savings arriman @ Co Members: New York Stock Exchange 111 Broadway, New York SRS Nt Builk Of Wishingion RUST COMP o [ 3 > 1 2 long time. Four a few hours when | Loards in the country was voting its I o e 80 | there wus an inrush of buying orders | confidence in the business future and nstitution BBl B, 1827 | the murket wore the appearance of | issued an invitation for other carriers itonal'sar % - Lthe possible beginning of an uoward | who have been piling up surpluses ¢ Washingtu TLoau & Trust 490 campaign. But during the next two | and for years spending extraordinary o« v r RGNS Bhva days enthusiasm petered out and|amounts for maintenance to do more Your PAY DAY and t ding got back into the rut again. | also for their stockholders. Yet such On ‘the other hand. professionals.|advances as occurred from time to who from time to time have been try- | time during the week in the railway ing out the short side have discov-|list did not carry on. The railway ered that they were the oniv ones| market has been consistently firm, doing the selling. The liquidation of | but signs of a sustained revival have Commaree & Savines.. ant Rash i gon +Fes other funds will have ample protection when deposited with “Na-, OFFICERS: William D. Hoover, President Woodbury Blair, 1st V. Pres. Frank W. Stone. 2d V. Pres. Cnited States Vashington Mechanics FIRE INSURANCE ---Beg to announce that on mertcan seeoo 200 L. | the kem‘\- Autumn has ceased. {hp, not vet appeared. d f M d N :;mk:!;!;nnb, e G oAl Savineat pes - | market is in a stronger position. but | s #s. C. Lamborn, Treasurer. i r 1 31 b .| &0 far attempts to start a new cam- Money Offerings Increase. an a tel’ on ay. Ovem- E. Percival Wilson, Secretary g paign for the rise like that of a vear ago and that of the Midsummer have not succeeded. o Attt 7 P | of credit, the spectacle en pre. Hold OFf for Election. sented of money offerings on the in- Some observers think that Wall crease. of loans for longer periods Street {s holding back to see what | quoted at reduced rates. If this is the next Tuesday's elections will bring | state of things at the climax of the forth. Othera feel that, irrespective |crop-moving season, what will money of the election results, there are |conditions be tn January when the enough points of uncertainty in the funds needed to send the crops to business situation to warrant pro- | market return to the reserve centers? | In the closing week of October which so often in the past has wit- nessed tight money and a pulling in NSURANCE Frank R. Ullmer. Asst. Tr e, Bruce Baird, Asst. Tr. Officer. David Bornet. Asst. Tr. Officer. John W. Calvert, Asst. Treas. { This is The Oldest Sav-, ing Institution in the city W. Hiles Pardos. Asst. Treas. and has afforded security SR otk A Bacr-. and service of the highest. | Audley A. P. Savage, Auditer. type for over half a century, DIRECTORS: James J. ber 1st, 1926, they will oc- cupytheir New Offices, at (Endorsed by more than Secur) Storake Washinkton Market *E: Backer Woodbury Blalr Wi H. Chus iy ceeding with caution. | The bond market has had this thought % reh ; N e AT These points are. firat, the reac- ' in mind and investment buying has at Wlia? Giephtte 47.00{) customers, big Unlisted Department. Uon in the sutomobile trade and its | times been active, m. E. Edmonbton and little. Your account These sectiritien Lot listed under Exchiange | effect on steel production: second.| The extraordinary feature, howevar, Fragklln H. Eil J Rules ¥ the increasing competition in vari- | hus Leen forelgn bonds. Dealings in t s invited. BONDS Ad®% ) ois tmportent lines which for the |this section have attained record pro. ° ° ° HABUGS aud Navy Club B aigy Club 4%as.. Sity thuy e Netropulitai Club dize STOCKS. acostts Bank ....... AhepioSacks Chaplu-Sacks 7% bt Chapiv-Sacks K7 bt tiat Pio gt : sl %!fn:":éfi“h 4w last few months has been narrowing the profit margin and, third, the abnormally low price of cotton, with what these suggest for future busi- ness conditions in the South. The United Steel Corporation made a wonderful showing, the best it has ever made for the third quar- ter in peace times. But the state- ment gave no hint as to the effect upon earnings in the last three months of the vear of the curtail- ment in the automobile program, of the falling off in the buying of steel up in business from the agricultural {mplement makers 5 The weekly statements of freight | portions. The buying wave has swept | through the market for French, Bel- gian und Italian securities, carrying some of them to the highest of the year. Other classes of bonds have been getting out of reach and conse- quently the high yield of foreign bonds has made its appeal to invest- ment capital. Foreign Situation Improves. This is one aspect of the movement. The other is that with a stabilization of the BRelgian currency and with the 14! trades and the let- |recovery in French franea and in Ital- far7ithe ibullding te }L.n lire, the improved position abroad as been recognized. The remarkable succpss of the new Belgian loan which WASHINGTON, D. C. Telephone : _Main 1603 National } Vit illiam William B. Wi Same Rate of Interest Paid en Large and Small Accounts Savings& TrustCe. Capital and Surplus, $3.000.000.00 Oldest Savings Institution in Washington Year Cor. 15th and New York Ave.