Evening Star Newspaper, January 3, 1927, Page 11

FINANCIAL. CO-OPERATIVE PLAN 1S BOON TO GANADA Idea Developed There Better Than in Any Other Coun- try of World. BY J. C. ROYLE. Special Dispateh to The Star. NEW YORK. January operative marketing a higher point of efiic in Canada last vear than in any other n the world, wosperity of the Dominion is atérib to this cause. How great th serity has been is indicated b ct that bank note circulation »d 10 per cent, demand bank de 3.—Co- ountry 6 per cent and commerclal bank | per cent in the last 12 months. The Saskatchewan wheat pool alone vill have 610 country grain elevators under its control in 1927. It is now spending pbout $1.000,000 in complet ing 35 elevators. More than 160.000, 000 bushels of Saskatchewan wheat were co-operatively marketed *in 1926 and the rush o almost swamped the elevators. In one dav the pool handled 1,500,000 bushels and 10 res ‘of wheat up 27, whi dling involve Other Bodies Growing. katchews 7 farmers, and co-oper: tions in other provinces : progressing along similar lines with emarkable speed Standardization of Cana wool i quality basis through pment of a government grading ystem has resulted in a big increase n exports of this commodity to the United States. These shipments to- taled 6.416,562 pounds in the past year and Canadian wool is now competing on an equal quality basis with that from other sheep-raising countries, About 4,000,000 pounds of the 15,000, 000-pound clip were handled co-opera- tively. Tt is not generally realized that to- hacco raising formed an active part of the Canadian agricultural activities in the last year, but a total of 35,000.- 000 pounds of the “weed” were raised, an_increase of 6,000,000 pounds over 1925. About 70 per cent of this will 80 into domestic manufacture. Vegetables to the value of $6,221,000 were shipped to the United States Auring the vear, of which potatoes were the largest item. British Colum- Dhia showed remarkable gains in this line of agriculture. The Canadian ipple crop totaled 3,045,900 barrels, with an estimated value of around £15,000,000, of which British Columbia, contributed more than a third, with Ontario also a heavy producer. Cul- tivation of sugar beets is being taken up on a fairly large scale. Lumber Products Valuable. The lumber products of the Do- minion were second in value only to the agricultural commodities pro- duced. The lumber and paper mills had a remarkably active year. Min- eral production for the first six months amounted to $98,395,788 and there is y indication” that when final figure: embled the vear's ate a decided gain ut, especially inh Ontario. hment of hydro-electric power fa- cilities in the older districts and the development in the Red Lake area Lielped swell the total. Silver and cop- in gold United States has associated with us. January 1, 1927 OLDEST National Bank in the District of Columbia : will rem Completely Equipped TRUST DEPT. for the Discharge of all Fiduciary * Duties 5:30 P One Dollar Wil Savings COMPOUND INTEREST PAID ON SAVINGS The Officers OF THE CENTRAL SAVINGS BANK atefully acknowledge their appreciation of the liberal patronage d cordial reception accorded during the hment in Washington of its first ter, as eviden deposit T arantee of the in in the bank’s earning vesting its funds with absolute safety and at the saume time the pleasure of aiding in the development and growth of a large financial institution founded upon the most modern and approved plan, in which the depositors will at all times participate in the bank’s profits, OFFICERS ancis M. Savase. President Frantia W, Morric, Vice President Dion S. Bimey. Attorney DIRECTORS C. Bindeall, Physic on S Birney. Attorn P'Pova Cissel, Wardman n. . Gruyer, Builder ‘W' Harper, President, E. brought to | and no smalil part of the | 7 pocl now repre. | $200,000,000. Estab. (——— COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY SN - | SAN FRANEISCO, January 3.—A| commission represen g ,the growers |of California prunes is being iormed | to organize a packers-grow . operative sociation to distribute the crop. he growers had a bad| r in 1926. “ ORO FINO, ldaho—The _l:n.‘(-s[} | single remaining stand of white pine| timber in the United States will be | opened up by the extension built by the Northern Pacific 1 here to Headquarters, Idaho, miles. 'The Union Pacific joint use of the line. DETROIT—Pere Marquette Rail-{ officials report that parts manu- turers are aiready shipping their producis in increased aime 10 auto mol asrembly pla wound Lhe | country and getting ready for! eavy production i | PHILADELLL Railroad has a | tons ot steel rail: | penditures for materials and equip- | ment probably will exceed $28,000,000 during the year. St GRAIN EXPORTS LTIMORF GROW. for several g to the report of ze. Altogether bushels were exported, yushels were wheat and riling of go each was telgium and I LOOKS FOR IMPROVEMENT. NEW YORK, January 3 (P.— Steady improvement in the business of the Chicago, Milwaukee and St. Paul is forecast by H. E. Bryam, co- receiver, who the outlook for traffic in the road's territory en- | couraging. Although December e: rn-| ings were less than in December, 19. he conslidered this only a tempo v condition. Maintenance expenses are about normal. per production also showed advances. As to the prospect for 1927 and the | future, Sir Vincent Mere; presi dent of the Bank of Montreal, “Canada has emerged from shadow of restricted business, un- | satisfactory earnings and indifferent balance sheets. The trend of business is now distinctly upward in practi-| cally all lines of trade. I cannot | see any indication that this period of | prosperity is soon coming to an end. | I believe the underlying conditions | are sound and the future can be | viewed with confidence.” Prompt Action. First Mortgage Loans Lowest Rates of Interest and Commission. ' Thomas J. Fisher & Company, Inc. PR 738 15th Street. il i 0000000000 CONSULT US —for sale Investment of your surplus funds. Look {6yipe tuture by investing wm. H. Saunders Co, Inc. waiington. B: 6. Foun nw. Secured by first deed of trust on real estate. Presailing_interest and commiasion. We are pleased to announce that Hon. William C. Redfield formerly Secretary of Commerce of the Redmond s Co. For Payday * Depositors’ Convenience —this bank ain Open Until Today Acc National Metropolitan Bank 15th St., 0|;posite U. S. Treasury by the bank’s steady and increasing growth of sed interest rate (4%), plus a affords the public a means of profitably in Joseph I. Weller 430 ¥et 7 ¥ rast this day become (LY LI L M. 1 open a ount Established 1814 —113 Years Old and Birectors ust year in the estab- avings Bank of Mutual Char- wse H. Hedges, Realtor, Hodges & 2 Middleton. George H. Macdonald, Judge, o Hon T rancia M. Savage. President. Judge Milton Strasburger, Atiorney ag, will have |/ of | ]I tour 1 Carden’ F. Warner, Physician. THE EVENING STAR. WASHINGTON, D. MILLS NEARLY READY. Twelve Additions Being Made to Tin Plate Plant of Bethlehem. Special Dispatch to The Star. BALTIMORE, January 3.-—Twelve | ddittons to the tin plate mills of the et em Steel Co. at Sparrows Point, which will be completed within the next three months, will give the plant a total of 48 mills, making it one of the three largest tin plate plants of the country The tin plate mill additions will mark the completion of the first step | in plant expansion since Charles M. Schwat irman 3ethlchem Steel al f the hoard of the sration, prophe. Baltimore on arrows Point and property around Balti- become the greatest n the world. 00 pipe mill now is un- nt would T 000,01 WOODWARD BUILDING WASHINGTON Stein Bros. ESTABLISHED 1853 6 S. CALVERT STREET BALTIMORE TAKE PLEASURE IN ANNOUNCING THAT MR. WILLIAM W. MACKALL, JR. showed an | || HAS THIS DAY BEEN FIRM AS RESIDENT PARTNER IN WASHINGTO! |der construction at the ows Point plant and is expected to be completed some time next Summer. Ry o PRICES ON PARIS BOURSE. PARIS, January 3 (P).—Prices were firm on the Bourse today. Three per cent rentes, 53 francs 80 centimes; ex- change on London, 122 francs 83 cen- times; 5 per cent loan, 63 francs 80 centimes; the dollar was quoted at 25 francs $1% centim INTERNATIONAL SHOE. NEW YORK, January 3 (#).—Inter- national Snoe Co. earned $13.17 a share on tho common &tock, after pre- ferred dlvilends, in the year ended November 30, against $12.28 a share the year before, net Income having increased to $13,217,676 from $12,721, 444, Net sales were $116,980,885, com- pared with $114,265,988 the previous vear. RICHMOND TRUST BUILDING | RICHMOND & Boyce ADMITTED TO THIS STEIN BROS. & BOYCE The New York Life Insurance Company Offers First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Suburbs in Montgomery County, Maryland 3 Years, 5 Years, 10 Years Homes Apartments Office Buildings 51 v RaNDALL-H. FAGNER:& COMPANY Incorporated MonrTGAaGE Loan 1321 Connecticut Avenue GORRESPONDENT Telephone Main 9700 Equitable Co-Operative Building Ass’n JOHN JOY EDSON, Organized 187! Assets $5,136,317.22 President WALTER 8. 9 47th Y Surplus PRATT, Jr., Sec AR COMPLETEI $1,406,495.76 Snbscripfin_ms for the 92nd Issue of Stock Being Received Save With the ake tically stick to it. Equitable Systematically to save &ys- Equitable and mind the p your through Our plan has met with the hearty ap- proval of because it quickly. Ji thousands of Washingtonians helps them to get ahead more oin’ today. 915 F Street 6% Guaranteed First l\:lortgage Notes Secured by Improved Written Guarantee Than $4, D. C. Real Estate Backed by More ,000.00 Resources as to: 1st—Security of Principal. 2nd—Attractive Normal Income. 3rd—Prompt Consecutive Interest Payments. 4th—Full Return of Prin Sth—Freedom From All L. E. BREUNINGER, Presi X cipal When Due. Care and Management. Real Estate Mortgage and Guaranty Corp. dent 26 Jackson Place FITRIST TH them in 6%2% A Third of a Century Without a Loss regular B. Main 2100 _— A “reserve value” of approved real estate safeguards your in- vestment dollars when you place When funds in these Mortgages orig- inally, we insist that every prop- erty mortgaged be worth about twice the amount of our Mort- gage on praisal fixes that value. enced management makes productive for you through full, F. SAUL CO. IS NO SUBSTITUTE FOR SAFETY MORTGAGES E MARGIN OF SAFETY our FIRST "MORTGAGES we invest our own it. Conservative ap- xperi- it interest. 925 15th St. NNW. FINANCIAL. 11 FISHER'S PRICE INDEX. W HAVEN, January 3 (Special). I'rices, based on Dun's quotations, 146 1-10; purchasing po r, 68510 December, 147 0 and #-10. terly, 149.0 and 671-10. 1926 average, 161 3-10 and 66 1-10. Crumps, 129 §-10 December, 141810, Quarterly, 144810, 1926, 142 210, Irving Flsher, Yale economist (Copy C., MONDAY, JANUARY 3, 1927. showed a decline of $12,638.84, um‘xl leaving net avenue at 2268,577.2 3.96. Net ting income for Navember wr 3 and for the 11-month pe 41, both_ fig ures showing but small changes from | corresponding figures of last year. compared with the corresponding month of last year. The total of $75.930.55 for the month brings the REVENUE IS HIGHER. total for the 1l-month period fo Lol b s L e e e b e Blight Gain in Report. trasted with the like period of 1925. Spectal Dispatch to The Star. Operating expenses were cut $3,797.95 BALTIMORE, January 3.—Operat- | for November, thereby leaving net op- ing revenue of the Maryland and |erating ravenue at $23,488.05, a gain Pennsylvania Rallroad Co. showed a |of $252.89. Operating expenses of decline of $3,565.51 ember. as | $613,006.32 for the 1l-month period Quar- London new has men fashion man- nequins. | NEW ISSUE Exempt from Federal, State, Municipal and Local Taxation $20,000,000 Ten-Thirty Year Federal Land Bank 4Y4% Bonds Dated January 1, 1927 NOT REDEEMABLE BEFORE JANUARY 1, 1937 lnttr“:nlnylble January 1 'nndd]uly 1 at any Federal Land Bank or Federal Reserve Bank. Principal payable at the registered I{o 000, Bank of lssue. Coupon an nds (interchangeable) in denominations of $10,000, $3,000, $500, $100 and $40. Redecmable at 100% and interest at any time on or after January 1, 1937. Due January 1, 1957 ‘The Supreme Court of the United States has upheld the constitutionality of the Act creating the Banks and exempting these Bonds from Federal, State, municipal and local taxation. ACCEPTABLE BY TREASURY : These Bonds are acceptable by the United States Treasury as secur- ity for Government deposits, including Postal Savings Funds.. LEGAL FOR TRUST FUNDS: The Federal Farm Loan Act provides that the Bonds shall be lawful investments for all fiduciary and trust funds under the jurisdiction of the United States Govern- ment. They are eligible under the laws of many of the States for investment of all public and private funds and have been held eligible for investment by savings banks in 37 States. While these Bonds are not Government obligations, and are not guaranteed by the Government, they are the secured obligations of Banks operating under Federal charter with Governmental supervision, on whose boards of direction the Government is represented. At the request of the Federal Fasm Loan Board in co-operation with and on behalf of the Federal Land Banks, we offer these Bonds: Price 100%% and Interest, to yield over 4.15% a to the redcemable date (1937) and 4%% thereafter to redemption or maturity Alex. Brown & Sons Harris, Forbes & Co. Brown Brothers & Co. Lee, Higginson & Co. The National City Company Guaranty Company of New York The stltem!;lt! contained herein, while not guaranteed, are based upon information and advice which we believe to be accurate. All the Above Bonds Having Been Sold, This Advertisement Appears As a Matter of Record Only. Agasn the shadow moveth o’er The dial-piate of time. —WHITTIER NEW page is turned in the annals of S. W. STRAUS & CO. as the new year opens. “Now 45 years”, is the message it carries —45 years of successful effort to serve the investing public, the building and real estate industries, and the community in general. For forty-five years, the Straus organization has been faithful to the traditions on which this business was founded in 1882, which guide its conduct today, and which shall guide it in the futur‘ei —$afety, first and foremost, for the investor who has reposed trust in us; —Constructive service, in marshalling the funds of thousands, all over the country, to finance modern investment buildings in place of old, outworn obsolescent structures; —Constant improvement, continual creation of new safeguards— new means of protection for the funds of our clients; —The steady upbuilding of a great organization, trained in the Szfius school of thoroughness, the last word ‘in expert, technical skall —Constructive help in building newer and better cities, giving newer, better, more efficient, more healthful housing and business accommodations; —Furtherance of the cause of practical thrift, of sound investment at sound rates of interest. At the close of a year of conspicuously successful business, we ex- press our sincere appreciation of the public confidence which alone has made that success possible. We look forward to 1927 asanother year of activity, prosperity, and national happiness. S.W.STRAUS & CO. ESTABLISHED 1882 INVESTMENT BONDS INCORPORATED 929 FIFTEENTH STREET Telephone Main 5847 ‘WASHINGTON 45 YEARS WITHOUT LOSS TO ANY INVESTOR To January Investors— 'ANUARY investors seeking safe securi- ties yielding 6% or even better will find it to their advantage to write for our BOOKLET 446-G - -