Evening Star Newspaper, January 9, 1927, Page 97

FINANCIAL. FINANCIAL. BOND ——1925. High, 10 o SALES SHOW BIG GAIN. NEW YORK, January § (#).— NGTON, D. €, JANUARY ¥, 1927—PART 6. 'w Orleans and the usual Saturday lack of arbitrage op. portunity, with Liverpool closed be. THE SUNDAY STAR. WASHI PMMARY FOR THE WEEK |COTTON IS QUIET; |5 snises & 926 — : 101 323 35 A restricting effect on business here Reviews of the domestic goods mar. H A i indicated improvement in busi. 103 16 3 68 88, with a continued favorable ont. 110 10 356 look for Spring trade. Tt was consid ore? that if textile trade developed as anticipated, spinners might soon re- Values Rally to About Early Highs After Selling Off i Offerings. for over the week end. - on ngh‘ g The amount of cotton on shiphoard Xl awaiting clearance at the end of the week was estimated at 178,000 bales, against 128,000 last year. BONDS' SYRENGTH SURPRISES STREET Largest Gain of Week Re- {_:corded in Higher Yield- """ ing Obligations. JORGE T. HUGHES, to The Star. No. 2 hard Win-| sentatives of the German Syndicate ter f.0.b. New York, all rail, 1.59%: are booking business for January- | No. 2 ed durum, do., to arrive.| April shipment at current quotations, W _YOf " 1.5 k] ;“‘:'-\ 1 Manitoba, lake and rail,| which are on ¢he average about 9 per | Sales of Metropolitan Chain Stores for arrive, 1581 in bond. Corn, it cent below pre-war levels. Hm‘rvd]mv‘a $11,008,349 from . vellow, eif. track, New | | in 1025 rail, 90: No. 3, vellow, do., | REPORT OF CONDITION REPORT OF CONDITION epot quiet: No. 2 white | OF the Of the NORTH CAPITOL BANK OF SAVINGS BANK BRIGHTWOOD Washington_ in the District of Columbia | At Washington. in the District of Columb close of business on December 31. | AL the closa of business on Decemb The holiday in York: all rail, 1.70% ", 8. BONDS. A% 193247 1St 418 19 Righ. Low. . 10116 101 8 103 4 102 29 1014 100 25 101 21 101 16 108 18 108 13 110 10 110 & Trev. week's Aigh, ose. © PR BRN, . 100% 1008 7 9Ty 101 101% 2% 048y Hiw 11t 108 10878 3% 4% 104t 1048 1048 10415 101% 101% 1014 1014 1084 108% 108 28\ a9 15 to 101 1 100 16 1011 Liberty Liberty Liberty Liberty 3d 41, s 1928. ..., 101 20 Liberty 4th 414 1933-38, 104 13 106 9 Treasury 4148 1947.52. .. 1925 1926 H: Low. Hish. Tow. : 97% 95 1004 96% Argentina 8s A- 1034 101% 102% 100 Argentina 7= 1927 R 7% 96 991 964 Australian Govt § e v 101% 9314 103 100 Austria 78 1343, 8815 R3% 927% K1l Relgium 68 1955... 1104 106% 11114105 Relgium 78 1945, 1081 106% 10885 105% Relgium $s 1941... 89 80 93% .81l Bordeaux 6s 1934. . 105 100ty 103 95 105% 1028 104% 1018 10378 101% 10315 101's 102% 104 R uric 1033 101% “NEW YORK. January 8.—The first | 30 joad j0ard jo7ie 1097 107 week of the new year witnessed the | ;o a0 most active bond market since last | ‘g0 Tl TG 100 Spring and a higher average level of | 150 H 29 19 101 21 pLt Oats, Other ATCHISON TRAFFIC UP. NEW YORK, January § OP) Freight trafic on the Atchison, | Topeka and Santa Fe picked up in - the week ending January 3. loadings of 36,003 care comparing with 30,443 in the same week a year ago. INCREASES NOT APPLICABLE. b NEW YORK, January 8§ @ 0f Wnsecured . . Increases in potash prices, averaging | 10130 0 o o 915 per cent on all grades, announced ohhey hy the German Potash ndicate two bAIl other weeks ago, have not yei heen made a0 n applicable to the American market Last. aRly 100's 97T 101% 045 111 108 % 94% 1043 10415 101% Low. 97% 100 974 1014 2% 11 108 03t 104 104 101% 1014 108 enter the raw materfal markets. Very little trade buyving was in evidence here, however, and the bulk of the small businest was attributed to the evening up of small accounts ROES Loans and discounts. in Fedisrounts. “ac s of other hanks < of ax w011 51168413 51 RE: 1. aLoans and Tuding a captances of other banks and foreign bills of ex- change or drafts. sold with indorasment of 1h: Overdrafts. sec unsecured. 31 S Government securities ; By the Ascociated Press NEW YORK, January 8.--The cot- 1084 | ton market wag quiet, but generally 108% | staady today: March sold off from 108 | to 12.88 in early trading, but re. 26 | covered, closing at 12.94. The general " BY Canada 814+ 1929 riog Chile 8s 1926 Chile 83 1841, Chile 83 1946 .. Chinese Govt Ry hs 1981 . L NEW YORK MARKETS. NEW YORK, January 8 (®).-Rye firm; No. 2 western, 1.11% f.o.b. New ited States chuding Tien, s own any ) 500 00 43.114.00 quotations than anvthing recorded The strength of the mar- en a surprise even to those most optimistic about the investment demand. Prices for all grades of securities have moved up ward, but with the largest the higher yvielding obligat.ons, foreign and domestic . The question s constantly where all the money comes from to absorh the new offerings and at the game time maintain prices for out standing bonds. The answer lies in the constantly increasing wealth of the “country. Tt is ths steady ac cumulation of capital insistent on em- | pleyment that has pushed up invést ment prices to record heights. The January 1 disbursement of Interest and dividends broke all records and tRis money coming back into the mar ket has been the foundation of the Adtance. As events show, the rein vestment demand has not bheen dis counted in December as it so often is. Savings Banks' Figures. Then, too, the savings banks' re tiurns are illuminating, Statistics given out this week by the American gains_in | 241y 101% 201y aRY KTy 23 DR ags, [ 4y 20 0 102% 4 0% | 86 10115 109 10214 1105 105 11047 | 1017 106 9Rse 93y 10415 100 2% 82y 9213 R4% 1106 103 105% 103 119 1154 107% 104 | 94M ey | 997% 95y 1071 1083y 1103% 90y 1001 081 105% 98% 104% 102 106% 1084 106% 1031y Jhe i 108% 081, 1672 1014 93T TRY 4% RSl 100% 923 116 100 110 1061, 994 05 &7 73 04l K2 106 104 1144 110 119% 95 104 91 106 1024 98% 85 9Rly 8T 1064 103 Sweden 1047 1021 Swiss 3 - 5 119 1174 United Kingdom 5148 1929 10632 108% United Kingdom 5% 1937 INDUSTRIAL AND MISCELLAY 1031 Amer Agri Chemical Tigs 1941, 101% 99 Amer Smelt & Ref 15t 58 1347, 108 107 Amer Smelt 1t 65 1943, .. 1051 102% Amer Sugar Refining 6s 1937. Copenhagen 5148 1944, Czechoslovakia 8s 1951 Denmark 68 1843, .. .. Dutch East Indles 6a 1947, Dutch East Indies 6s 1962, . French Govt Tigs 1941 5 nch Govt 8 1945, German 7s 1949 Holiand-American s f 68 1947 <1951 ! Japanese a8 1954 8 Jergens Utd Margarine 6: Netherlands 6s 1972 3 5., Poland 8s 1950 Queensland §x 1947. Queensland 75 1941.. Rhinelbe 7s., 4 Rio de Janeiro 83 194 Sao Paulo. State of, Seine, Dept of, Serbs, Croats. Sloven. 105 avly 1058 . 104% 108% 10318 L 104% 100% 1001, 1073 an, 001y 3% 1047 11 1218 103 1051y 984 Q0% 104 1084 9% 10678 104 103t 1034 17 108Y, 1074 934 1% 174 1 1044 1044 1014 1084 1064 market closed steady at net advances of 2 to 5 points The opening was steady at an ad vance of 2 to 7 points in response to favorable reports from the English goods market and fairly steady Liver. Pool cables. Some Southern selling and realizing was encounterad,on this initial upturn, and prices eased off a few points in_early trading, selling down from 12.82 to 12.76 for January and from 13.14 to 13.08 for May. Of ferings were light, however, and the market stiffened up again on re newed covering, while there also ap peared to be a little huying on possi hility that the rather unsettled weath- er outlaok for the Southwest might de velop into rains over the week end. January sold up to 12.85, while iater months rallied to about the early high price and the close was within a point or two of the hest on most positions. Private cables attributed the steadi ness of Liverpool to covering and trade calling and reported an ex tensive inquiry for cotton cloths from India, with more business from South although many offers re- ceived for goods were unworkable. York and 1.10 c.if. export. Barley quiet; malting, 8713a8015 cif. New says the Oil, Paint and Drug Reporter A'ntil further notice, American repre REPORT OF CONDITION AMERICAN SECURITY AND TRUST COMPANY in the District of Columbia. at the close of business December 31, 1926, At Washington RIZSOTR( . a Doans and discounts, including rediscounts, acceptance: other banks and foreign bills of exchange or with indorsement of this bank 4 . Overdrafts, secured, $354.12; unsecured, $3,412.60 . U. 8 Government gecurities owned b All other United States Government securities (including premiums, if any) ........ P " . Other bonde, stocks, securitie . Banking houses, §1.41%82 AT 1000 L . RO R 7. Real estate owned other than banking house ....... 0. Cash in vault and amount due from national banks ......... 11. Amount due from State banks, bankers and trust companies in the United States (other than included in item 10) . Exchanges for clearing house . i Total ot termiElD Thamt 00 .o g . . @ Checks and drafts on banks (including Federal of old .$15,490,637.2 3, sl 3.94% owned 7,240,2 furniture and fixtures 746,414.03 Other hands. siocks. serirt tina e Bankine furnity $16.240 16 Real estats owned than hanking house Cash in vault and amount due from national banks Tatal of jtem 10 &A% 480 30 b Miscelianeous caeh items other Total LIABILITIES fund ed profits Cashier s rhecke ou ing Tatal o< s Demand " deposiie ihan hank denosite) s of Tert b0 regsrve (Aenosits payable within 30 day Individual deposits sub; 0 check Dividends unpaid Total nf demand deposits (nther than bank de. posits) subiect items, s o re 9 and Adsposiis n e (pavab) an or_subject to 30 or more notice. and __postal savinga) Cartificates of deposit (oth er_than for mones bor 120688 02 98.450.20 $1.485.108.18 $90.000.00 | 4500000 | i 503814 75 Banking house S8$ 16014 furniture “and Axtures _$17.340 §1 Cagh "in vault and amount due from national bhanki Amount ” due | from s anks. bankers and_t < nies in tha United than tnclud 70.370.01 | 17.108 10 224, $35.430 64 101.500.55 33.350.65 2,088 09 828 80 ..8623.134 50 LIARTLITIES paid in ded profits $1.007 2 e for int. 180000 outstanding Gaamier’s P Surttanding and 's1.300 24 Demand deposits (niher than ank depositas aibiact 1o s anle Individual check Other demand daposits Total of demand deposits fother than bank deposits) ve. 3 Un bRaten certif Cathlert ¢ = T aosite dave 4.800.30 eposits subject to ¥s' or more ng postal savin Certificate £100.000 00 14.300.00 198 335 74 178714 25087 80 | 696.743.04 Fowed) Other time daposit Total o 4‘_ru l_’ll sub. 51 %808 b it ot wiARB 10810 mpia, Citt of Washington. e R RY COATES. casnisr of the Total . . . e . ve. bank. do solemnly swear that the abo atement is true to the hest of ms knowledze and be @ Gk ) < :(F/. 14 F?ALE; "uh:-'h Subserihed and whin to befors e this 6th day of Januarr 1927 1 BENJAMIN ROBINSON Notar Publie. Correct—Attest MICHAEL, Bankers' Association showed that the | €77 g1y total on deposit in all kinds of savings | 08 9414 {nstitutions in 1926 was one billion five | 101% 981, hundred million dollars more than | 106% 100 tHat on deposit in 1925. Lest the reader | 81 8§ think there is an error in this figure. [100% 87% slet it he said that the aggregate sav- | 103 1004 ings accounts now are $24.606.1 .| 84 90 or.an ayerage of $211 for evel 97 93y woman and chi'd in the coun 111% 105 Instutions which are Intrusted with | 3% 781 the care of this huge stim are perforce | 102 94y canstant huyers of securities. 1084 106% Is it any wonder then that invest. | 100 see ment securities are easily absorbed?|105 97 Is it not also reassuring to those of 1061 100 us who have been concerned about |111 1074 1123 1098 Geodyear Tire 8s 1931 the squandering of the national in-|121% 119 122 119% Goodyear Tire 8s 1941 come in msla!lmfl‘m ‘:vmmli" et llg':‘:: lfiu ;x“ :g;:‘. :{:,lnm,glufim“,i?. 1933, omey outlook continues to in- ndiana Steel b3 dlEa-‘:: Y'n'\m rather than higher rates ! :lt g"‘: ;:u 843 }mer.r :nno Q,l;!fl only cautionary signal is the in- 5 f14 Inter Paper s B 194’ :‘2;««»”:}" Srolernge loans and that fs | 110 101% 316% 107 International Tel Sszet "not yet regarded as significant in 109 108 102% Kelly Springfield 8s 1931. view of all the other tendencies. An|103 100}, 964 Lackawanna Steel 35 1950. unrestrained speculation for the rise | 99 105 1024 Laciede b3s.. in the stock market would. of course, ¢ 103% 99% Lizgett & Myer absorb credit, but in the present tem- 7 105% Manati Sugar 8 f 7%s 19 perof Wall Street any such develop- | 3% 874 98 = £3% Midvale Steel 55 1936 EAE "1 prilkely 3 102 99 103% 100% New England Tel 55 1952 ent s Y 115% 112 118 114% N Y Edison 1st 6%s 1941. Federal Reserve Statement. 1043 100% 106 104 NYGasELHG& P5s 1348 The weekly statement of the Fed- xgv. l::!o 953, 97% N Y Tel 4148 193 eral Reserve Banks shows increases |, . = “gg in feserves and decreases in holdings | 'gg g3l of discounted bills. The reserve ra-|,oq. gou tie -for the system as a whole is| g™ Jore0 slightly above what it was a week |jo) “gg™ jo4al 100 ago-and what it was in the corre-| ‘g gg gqil lgg sponding week a year ago. As far as| 0" ggil 107u 100 the_showing of the member banks 8 | 104 100k 10735 108% conterned, the trénd is toward utiliz-{ "gyy, “gg 95% 913 ing, funds released from commercial| 108" 104 108% 1064 joans.in the bond market. Commod- | jogy, 1044 1074 106 ity prices are riot much changed on|{ ggy 91 9% 95 the_week, but they are nearly 5 perijo2s, 73 110 105 cent down. from _what they were a{-871; 754 90 56 year ago. All these conditions point 112 1081 1134 110% to- sustained support for investment|100 vi% 102 5% “gr:-‘m. to the features of the week | 9215 §8% 984 80% in ¥he market, the demand for ithe| 9413 89 o5 91% high sieding foreign doillar obligations | 91% 6% 4% 89% stands out above anything else. Prices | 95 94 97a 94 for fhis group as a whole now stand l::‘ 1:};; ll?':: 1::: higher than at any time since trading MR 2k 20w i them was initiated after the war. | 30 &3% <34 g0 New hich records for individual is-| S84 86w 10uk 98 sues have been numereds throughout | 928 K24 sih 2 thedist. In this development French | 118% 116 138% 111 obligations have led the way, largely | B1% 18 £9% 04 because most of them are still 1&&&: e Ear e at levels far enough below the callable | W g3 Gt G prices 1o admit -of substantial addi-| {5, JL3 - G&" Gly tioglal appreciation. This PossibUltY | g, 1004 1071 202% of ‘wpeculative profit on the principal | Tool Tu 8 Tgrel Tagel tombined with the high current in- 68% 60% 0% 64 comie at the market proved irresisti- gos 44 pTH 4B y 3 554 43k B Non-Callable Bond P”:m:“ R et That the room for fresh advanc 104% 1015 B Imporiantfactor is abundantly (11214 105% 114% 1114 onstrated by the preference ac-{ &g 73% 81 6b% corded the noncallable bonds when-i ggi £3u 925 &7 Cer there was any choice. There| 9% 71 98% 94l aFe not many of these high vielding |118% 116k 119% 116% foreign bonds which the provisions of | &3l 76l 874 81 tHe loan permit of running to ma- |104% 102% 103% 102% turity, most horrowers having taken | 107 104% 108% 106% the precaution to-stipulate a price at |a96l 90% 974 bk ‘!'rlch they might redeem their obliga- | 89 &3k 965 8% tions in case their credit and the |112% 101% 122} 108% ate of the money market allowed, 104 101 106% 102% Such as.they are they are eagerly [ 85% 82 92 85% ht after. French Republic 7%s |70 85 76% 62 reran fllustratiom This Is entirely | (93% & 96 90 Ton-callable and it sells on a lower | 8% 70 - #24 4% yield basis, less than.7 per cent than | 68 61% 74k 64 amy other French obligation. 69% €3 u.: " The most tmportant new n(r‘\;::[a[:-ln: o oo | sk 3t e week was the $60.000,000,in : ;gg;h\'urk City 41 per cent corporate | 108 106% 108 }?m stock. The ‘entire issue was disposed 117 =~ 114% Tt e of.tp one banking syndicate at a [103% 9% 109% 02N price to net the city about 4.11 per 111 1:::; i 92‘/: cent and the syndicate sold the bonds };_‘l i to.dinvestors within 48 hours on a % o - aemc I siightly lower yield basix. That so | 1033 104% 350 100 lagge an amount should be placed so ;” . o prémptly notwithstanding the appar- 29 - e erftly umattractive return simply goes | {L. g0 93 a9 to- show. the confidence that' the tn-| 9% B 5o 50 végtment community has In the Jong | (8 S0R 9o gz range security: outlook and the real- | w;‘ 97 99% S8% ization of the fact that steadily de- | <884 SL. gg" 96w Lake Shore 4s 1931. creasing amounts of Liberty bonds| ofl gy3, 96 93% Louis & Nash unified s odtstanding . Will make for the en-|,ogl 104 110k 106 Louis & Nash st ref 5%s 2003... 1uni . Ano actor is the ta > - mpiion. quality of the municipal ‘m 108 104 100 Do Tan & Tex 18 48 1900 pond which gives it ‘an advantage 97 90%: Mo Kan & Tex adj s 1967. . e s paid over taxable ;corporate bonds more :53: ;‘;g" 103% 96% Mo Kan & Tex prIn 55 A 1962, MR neaid e 26. Amount due to Ntate banks, hanker: than sufficient to compensate for the 5% 2% k4 66 Missourl Pacifie gen 4s 1975 3 © (payahle after I:: :hnn‘ anO;‘S!ll!‘:)lnd forelgn countries (other than i rice. 96% N O Tex & Mex inc 55 1935... % n items or 28) ... e =~ ifereuza 2 LTINS SN ¢ rtified. checks outstanding . 1 4% New York Cent deb 45 1934 poatal eavings Sl e Hifinaten of dap shier's checks outstanding . 6 101% New Yerk Cent ref imp ba 201 Certifioaten of deposit (oth- . * STEEL PLANTS EXPAND. fli: lg:h :3% 106'%s New York Central deb 6s 1935 for ‘monsy bor- Total of items 24, 25, 26,27 and 28 CEW. YORK, January § (P). ¥ 62 24 70% 58 New Haven deb 4s 1957 3 Demand deposits (other than bagk d o ueel capaciiien are reported | 98% 81 105% 97% NYNH& Hcvdebds (@eposits payable within 30 da; panding steel cay - e il 324 20% 84'a 20% N Y Ry 65 1965...... 29. Individual deposits subject to ¢ from the Youngstown district. ‘Trum- | 32% 20% 808 T8 X5 R e Boston (s 1948, 30. Certificates of deposit due in less than 30 day< (other than for bull Steel is rearanging its No r §Rls 93% 90% Norfolk & Western con 45 1996, maney borrowed) . . EPERNL i rok widan e S 125% 167 138% Norfolk & Western cv 8s 1929 33. Dividends unpaid lic Jron & Steel is building a 200-ton | 1814 128 108 S0 0 NOkern Pacific 35 1947... . 34. Other demand dapositg ... ek flukrdufl -ml\‘s«rlrl\:‘ Ma_u;‘m connection :gw oo Total of demand .\«g"sll» (other than bank de- with its Hazleton bla urnace 2 10418 DEPARTMENTAL BANK 100's At Washington, in the District of Columbia, 2% 1017 at the cloce of buewess on December 3L, 987y 061 Amer Tel & Telcl tr 48 1929, 102% 97% American Tel& Telsfbs. ... 104% 1014 Anaconda Copper 68 1983 . 1094 1021 Anaconda Coppercv deb 7s 1933, . 92 904 Armour & Co 43481989 ....... 1024 993 Atlantic Refining deb 5s 1937. 104'4 100% Bell Tel (Pa) ref 5s 1948 £9% 924 Bethlehem Steel p m §s 1 1017s 9514 Rethiehem Steels f 65 1943, 110% 104% Chile Copper 8s 1932. . . 86 781 Cons Coal (Md) 1st ref 5s 1980, 100 9214 Cuba Cane Sug cv deb 8s 1930.. 108% 107\ Detroit Edison ref 6s 1940. 874 924 Dodge 6s 1841 Lees 105'% 10113 Empire Fuel & sl 107 104 Goodrich (B F) 6138 1947 Reserve Bank) located outside of city or town of reporting bank Fans “es b Miscellaneous cash items 6.721.90 fierms "% 2 : 26571475 pavable (including all catlons. Mresiemnung money borrowed ot than rediseounts) 75 Total . Bonds and securities, other than United States, horrowed R P. HI 104 1004 1021 1104 N +81y can 108 Wit Diaisict ot Coiienbis ehingron Disiriét 0t ai i T RAYMOND L SCHRETSER: ) 000 9. Capital stock paid in. . Surplus fund .. raos . a Undivided profits eeee PERRRT $370.83% b Reserve for cferks’ pension fund . cens 55.034.60 Contingencies [P TORE 3,724.20 Dividends aLoane and ';m cluding " rediscounts. xm]u?',o. o oher” baniks and foreign bills of ex § Change or drafts. sold with 9 indorsement of this bank.$553,1 1054 Oveidratts. unsecured . 1065 5. Government sectriiies awne. 1104 L All _other United States 122 Government securities (in- Rew pijuding premiumg. 1t ans ) 2 ner bonds, siocks. seeurt. 1043 | ties. etc. Gwned 96 . Bauking house. $111.748.84: o8 Jurpltupe™“and dxtures, 1104 vauit ‘and ‘amount b 1041 rom national 100 105 ttem 1087 Haneous cash 103 105 49 103% 116 1064 £ 1087 104 100% 102% 104% 1044 984 101 107% 96 106% 1074 98ty 107% 80 111% 102 swear " t Irie 10 the best 6th dar of "x (Seal.) Correct—Atte, . Reserved for taxes, interest, et Amount due to national banks . cesaseans . Amount due to State hanks, bankers and trust companies in the United States and foreign countries (other than included in item 25) N chevene 7. Certified checks outstanding 28, Cashier's checks outstanding Total of items 25, 26, 2% and 28....... Demand deposits (other than bank depos =erve (deposits payable within 30 days): . Individual deposits gubject to check .. . Certificates of deposit due in less than for money horrowed) ....... . . Dividends unpaid Ry . Other demand deposits—Trust deposits . cesenn Total of demand deposits (other than bank deposits) subject to reserve, items 29, 30,33 and 34 ..........$15.055844.23 Time deposits subject to reserve (payable after 30 days, or subject to 30 days' or more notice, and postal savings) . Certificates of deposit (other than for money horrowed) . Other time deposits . . bie Total of time depos within 30 day 35 and 37 cese .. $12,751,486.40 - Individual deposite subject to . Uniteq States deposits (other than postal savings), including Dividends uipaia ;1010 Y288 war loan deposit account and deposits of United States dis- Other dem dau:‘o-m rsing officers oen {ther than Dank depos . AxNeements to repurchase subiect 10" reserce WG Hem pold ... ; b o B i i 128 36587 . Liabilitfes other than those above stated . serve (payable after 30 days. or subject 10 30 days or more notice, and pe 1 acerued 203 3 20.850.00 511,514, ; 15,048.75 Directors 219.103. 914, 273.8 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 Office Buildings Apartments 51/2% Business Propertios RANDALL H. HAGNER & COMPANY Incorporated MORTGAGE LoaAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 Total LIABILITIES Capital stoek paid in Surplus fund a Undivided ity nrof- $10.010 b Ressrve’ for int ine. and taxes 788,68 Certified checks outstanding Caehier's checks outetanding and .. 83,854 51 {other than subject 1o 1091; 107% 106 101% 1004 974 10215 98% 105% 103% Pacific Gas & Elec 5. Pacific Tel & Tel 58 Philadelphia Co ref 65 1944 Public Service 65 1944 Sinclair Oil 7s 1937. Sinelair Cru United Drug U S Rubber 1st & ref 55 1947 U 8 Rubber 7345 1930. U S Steel s f 53 1963. Utah Power & Light 55 1944. Va-Carolina Chem s f 7s 1947, Warner Sugar 7s 1939 Waestern Union Tel %8s 193 Wiison & Co 1st 6s 1941 . 88, . 12,663 subject to reserve Homes District of Columbia, s.: 1. CHARLES E. HOWE, treasurer of the above-named bank, do solemnly fwear,that the above statement is true to the best of mv knowledge and belief. CHARLES E. HOWE, Treasurer. Subseribed and sworn to before me this 5th day of January, 1927 (Seal) KENNETH J. WINFIELD, Notary Public. Correct—Attest: - - » W. 8. CORBY. C. J. BELL, HOWARD MORAN, GEORGE W. BROWN CORCORAN THOM, WILLIAM W. EVERETT, HARRY K. BOSS, JAMES F. SHEA. HOWARD 8. REESIDE, CLARENCE F. NORME G. PERCY McGLU J..PHILIP HERRMAN JAMES F. HOOD, M. G. GIBBS, WM. FLATHER. Jr. NEWBOLD NOYE:! GILBERT H. GROSVENOR, JAMES M. GREEN, B. F. SAUL, J. ¢, BOYD, EDWARD B. McLEAN, AEbion of dem‘u 40[24&1’ o 4 red) BAILROAD. Other time Gevopits o 2 Atchison gen 43 1936. Total of "lime deposiis st Atlantic Coast Line 18t 45 1353, a7 ™ G0 e 28 Balto & Ohio gold 45 1943 3. Bills pavabie’ (incluaing” 3] o oot Balto& Ohloev ¢ monty m':.—'rnwm".fi'n:? "than P A Balto & Ohio §s 1929 48, Linbiiivies. other ihan B&OPitts LE& W Va 4s1341 ahove stated .. B & O Southwestern Div bs cfs 50. Totgl ... Brooklyn Manhat £ 65 A 1968 Digtrct oF coliinkia’ 1. JT. EXNICIOS. dent of the above- g::::m ?:fi::{,::?" named bank. do solemnly swear that the above statement is true to the hest of my Central Pagific 48 ‘“93;5 TN knowledge and P s S Chesapeake & Ohiio cv 4 s 1930, . vibed anly TLEXNICIOS. Presiden Chesapeake & Ohlo gen 4 /s 1993. Tk a0 Sasary, A3y, 0 Peiore methis Chicago & Alton 3345 1950. . (SeaL) ““T"“BEARL P_CRAMER, Chi B & Quincy 1st ref 55 1371 Notary Public. Chi & Eastern 111 gen 551 5 oot Chi Great Western 4s 1 CLYDE REED, Chi M & St Paul cv 4%s 193 J. A RICHARDS, Chi M & St Paul gen 4345 1989..., SE Lo S R INTSONR Y Chi M & St Paul ref 45 2014. REFORT OF CONDITION Chi M & St Paul ov 58 2014 . Chi& N W 4%s 1987. 7 I N Chi & Northwestern \\ AA\S}{I:\ ( ITOI\ Chicago Railways bs 1927. MECHANICS’ Chi R1 & Pacific ref 45 1934.. SAVINGS BANK Chi Union Station 4%s 1964. Chi Union Station 63 1963...... , CCCa&StLref6sA 1929.. 2% | 1926, Sl Cleveland Term §%# 1972 Colorado & Southern 4 %8 19 Cuba R R 55 1953 Del & Hud cv 58 193 s Delaware & Hudson b%s 1937 Den & Rio Grande con 48 1936.. D& RG West b8 1955. . . Detroit United 4%s 1932. Erie 15t con 42 199 4. odier bonie: Erie gen lien 4s 199§ S8 20y, owmed i Eriecv 4s A 1983.... B oy e Erie cv 4s D 1953. - Real eptate owned” other EaBClane R Grang eunkn deb atue from natdona hanks 5 s . Amount due" from State Great Northern gen 5% s 1053 banks. bankers and triet Great Northern gen 7s 1936. Rimipmt e iag oited Hudson & Manhattan ref bs 1957, _cluded in'item 100 . Hudson & Manhattan adj 55 1957, -Chpcke on ather banks in Illinols Central §%s 1934 e N o Inter Rapid Transit 5s 1966. - b Miscellaneous cash’ itenis. Inter Rapid Transit cv 7s 193 - Other assets Inter & Great Nor adj 65 1952, Total Kan C F't Scott & M 45 19 Kansas City Southern 3s 1950 Kansas City Southern 55 1950 Lake Shore 45 1928 . 15.000.00 3.050.24 $785.044.45 “those NT, Begin the New Year Right i Directors. Correct—Adtest: Charter No. 5046. Reserve District No. 5. REPORT OF CONDITION Of the RIGGS NATIONAL BANK At Washington, in the District of Columbia, at éhe close of business on December 31, 1926, RESOURCES. 1. a Loans and discounts, including rediscounts, acceptances of other banks and foreign bills of exchange or drafts, sold with {ndorsement of this bank . . 2. Overdrafts, secured, $5,019.42; unsecured, $3, 3. U. S. Government securities owned: b All other United States Government securities (including premiums, if any) ........ 7 PR 4. Other bonds, stocks, securities, etc., owned . 6. Banking houst $1,744,651:04; furniture $465,119.37 aorvsiesaes 8. Lawful reserve with Federal Reser 9. Ttema with Federal Reserve Bank in process of coliecti 10. Cash in vault and amount due from national banks ......... 11. Amount due from State banks, bankers and trust companies in the United States (other than included in items 8, 9 and 10) 12. Exchanges for clearing house z . 13. Checks on other banks in the same city or town as reporting bank (other than ftem 12) . P Total of items 9, 10, 11, 12 ang e and drafts on hanks (including Federal « Bank) located outside of -city or town of reporting bank ... b Miscellaneous cash’ items by planning to buy a home. Let WEAVER BROS.. through ar- rangement with the Metropolitan ble.. 2,039,011.46 11,297.75 JESO 1. aLoans and discounts. in- cluding rediscounts.” ac- ceptances of other hanks and foreign hills of ex. change or drafts. sold with indorsement of th bank S 8. U. Government’ ‘securi Ll.fc Insurancc Company. l‘lelp you 7,630,508.39 4,014,346.58 2,209,770.41 2,741,198.05 388,120.43 2,332,199.27 and fixtures, to finance the purchase. 1:4136,055.63 68,059.60 52.352.25 112,328.35 11.445.74 186.160.40 wectiri- 612,653.95 806,441.14 404,736.62 $5,408,980.55 WEAVER .BROS REALTOR 809 15th St. N.W. S 16.841.00 $45.130.20 9,206.12 . —————e 54,336.41 18. Other assets 606,521.61 Total Main 9486 creessseassscsansanases. $44,715,971.51 LIABILITIES. LIABILITIES. stock paid in T ided vrofits AmountGue o' nat e \ .« Certified chacks outstanding Demand deposits ’Ihll’\ 'hunk deposi e LML L 22, Reserved for taxes, interest, etc., accrued vahle within 30 dave) : &2y s T dedll L 20. Individual denosits 24 Amount due to Federal Regerve Bank (deferred credits) to check ... 257 Amount dué to national banks ... 19. Capital stock paid in . 20. Surplus fund ........ 21. a Undivided profits b Reserve for contingenci MORTGAGES, and depreciation. CONFIDENCE For a Third of a Century in- vestors have held confidence in B. F. Saul Co. securities, " Throughout this entire period no investor of ours has ever lost a dollar of either principal or in- terest. Today our safe 6'2% FIRST MORTGAGES —offer you the same features of assured protection and assured yield. Their semi-annual inter- est payments are made in full, on time. Your confidence in them is not only justified; it re- verts to your own progress, B. F. SAUL CO. Main 2100 925 15th St. N.W. 8.900,385.33 sees 105,716.97 ....$6,545,671.60 (KR posits) subject to reserve 71.108,20 $1.000.4. ’ ington. s, RQOM. reasurer of the umed bank. do “slemnly eear that ve statement is true to tHe best of wledge and helief THOS. J. GROOM. Treas, Subscribed and sworn "{o before me this 7t day of Januas 7, [} 281,791.87 353,207.95 805.00 137.96 . NE, Jr.. Notary Pubiic, RAGRY, J: GRODM ARLES H. KINDL 1 35. Certificates of deposit (other than for money borrowed). EDWARD F, PI(TK';DRT) 37. Other time deposits .. 38. Postal savings deposits e el Total of time deposits subject to reserve, items 35, 37 and 38 .. ....87,044487.15 39. United States deposits (other than postal savings), including war loan deposit account and deposits of United States dis- bursing officers .. 5 | 42. Agreements to repurchase U ties sold ..... | 45, Letters of credit an standing 48, Liabilities other than those above stated . 74,038.10 6,909,394.63 s 61,054.42 A Third of a Century Without a Loss O8% 85 95% 94 86 101 10244 9% 9T% T4% 85% 983 981y 89% 94 8T 107% 120% 063% 95% 094 103% 163 103% 1037 104% % 18 Sen 87 WE_FINANCE —all classes of income-producing property| Large Loans a Specialty Current int. rate and commission Higbie & Richardson, Inc. 816 _15th St. N.W. FIRST MORTGAGES FOR SALE 5 6Y2% L E TYPE SECUI AT lenominations of $280, $500, $750, $1,000 and upwards cured on improved real ituated in the trict Columbia. < 1,916,873.60 1,260,974.68 41,000.63 4,929.45 Total ..... ‘..““d,flfi.fl'll,fi District of Columbla, City of Washington, ss: I, GEORGE O. VASS, cashier of the abo amed bank, do solemnly swear that the above statement is true to the best of my knowledge and Delief. . . GEORGE 0. VASS, Cashler. Subseribed and sworn to before me this fth day of January, 1927. (Seal.) WM. H, DORSEY, Notary Public, D. C. Correct—Attest: CHAS. C. GLOVER, C. POWELL MINNIGERODE, WM. J. FLATHER, HARRY F. CLARK, STERLING RUFFIN, RANDALL H. HAGNER, LOUIS E. JEFFRIES, ROBERT V., FLEMING, COLEMAN YNINGS, JOHN S. LARCOMBE, \ H. B. SPENCER, JOHN O] LA GORCE, ISAAC T. NN, v 99% . 10% of JULIUS GARFINCKEL, FLEMING NEWBOLD, ' W, CDRBY, 917 6% Northern Pacific 4s 1997, < 108% 104% 114 108% Northern Pacific ref imp 63 posits) subject to reserve, Items 29, 30, 31 ungstown Sheet has An- (1984 1008 98 96t Ore Short Line ref 4s 1929. LT e ER i new nail m: el ts 6 88 B2% Ore-Wash lat ref 4s 1961 Time deposits subject to reserve (payable after 30 days, or works, Steel Ix] 80 gl 100 94% Pennsylvania gen 414 1965. subject to 30 days’ or more notice, and postal saving: adding & 12inch strip mill at fts Me-{ 98 81 Ry (2N Pennsylvania gen ox 19 Denaid works 12 109 113% 111% Pennxylvania 615 1936 CIREEL Tow 1% Peoria & Eastern in 9718 Marquette 1st 55 1960. MUCH GOES FOR FOOD. gl 944 Reading 435 97. i 196 92% ' 184 CEW YORK, January 8 (®.—|"75% 71 5 74 Rio Grande Western elt 45 1949, 'ry:,;e‘;d pill of the United States has |' o9 &4% 95% 38 RIATAL 4ialo. ... nnual retail valuation of between | 90~ 83% 944 StLIM&S | ! . I :,m 22 billion dollars, more than | 78 71 85 77% Bt L & San Fran prin 4s A 1950 43.1 per cent of the average working. |' 94 5% 100% 93 8tL & 8an Fran pr In 58 1950.. man's family budget being expended {101 93% 1034 994 St L & San I 5 B 1942, Ton food, mavs an analysis of the | 94% B4% 9% 91% StL & San Franad) 6s 195 Nattons food industry.” Ismued by | 98° T6% 96% E2 StL & SanFraninc 631960 Chandler & Co. Every vear more than | 73% 5% 96% 69 Seaboard Alr Line ref 4» 19 116,960,000 tons of foodstuffs are car xgll ;::- ;}Iz Z“' : h::;d L Lins bteastt ried by the r.nr.urk and about 3;‘ 1000 ’,:.,.: 695 98% 967 Southern Pacific cv 45 1929. independent and ¢ it €Y SUOTES | g 84 90% 8B4 Southern Pacifiocol 4s 1949 el Rttaling 92 8T% 94 90 Southern Pacific ref 43 1955, ; - . $2% 73% &7% 81% Southern ll;y nn;. l\;’n: - POTATO MARKET STEADY. |104% 1004 108 104 Southern Ry 1at5s s % b th dev 6145 1958 CHICAGO, Jamuary 8 o@.vow (13, 19000 TG0 i SN 0 Toke toss—Receipts, 95 cars; on track, 178 | gl 4os, 951 921 Union Pacific 15t 4s 1047, ; total U. 8. shipments, 658 cars:| gg'y 98 100 99% Union Pacifie cv 45 1927.. dgmand and trading slow. mabket | yo13, 95 103% 99% Virginian Ry 1st 551962 agout steady on russets; weaker on|103s, 100% 104 1014 Wabash 1st 551939, .. round whites; Wisconsin sacked round | "9t 94% 105 9% Wabash 548 1975... whites, 2.2522.40 mns&ll:u zoauaz 5 S4 75% 96 G6% Western Maryland 4s 1953. JAMES F' SH A I sacked russets, 2.75a3.00; most- | Soi4 814 3 30a.36, 43 Loulslane Ave. NW. ., vq IS NO SUBSTITUTE FOR SAFETY 8T 834 Weat Bhore st 483 TERE