Evening Star Newspaper, January 9, 1927, Page 98

DISTRICT NATIONAL BANK BODY ! IS PLANNING SECURITIES FIRM| Prospectus Mailed Stockholders by Robert e \\\\ A;ii.mg:' Post ot Stock Offering Is Proposed. T BY EDWARD C. STONE. | ferred, w! act : According to announcement made | Capital Traction, opened at 90% mvr} Westerday, the board of directors of |closed at 901z T\u:m\ _shk\u; ‘; i the District National Bank is plan- | Federal- Amenican National ank | ning to organize a securities corpora- | Stock sold at 312 . - lox: aitaitay In purpose to that found. | Both typeistoske gibre out, Janmong everal other local banks in the | Selling 94 and Mergenthaler aty 110, this price heing the highest re corded for some time. Natic | Mortgage and Investment prefer | sold to the extent of 140 shares at N. Harper Reveals Project—preferred i | was nearly as active as | | ,fi\\wm.l € ) g ¢ Delivers of a prospectus signed by Robert N, Harper to all the ockholders brought to light iy in the financial | There was but one bond tr % el 1 __ any i n f P | civeular stated that the | Washington Gas s selling at par ! g F 3 sted o] 3 0 shares plan had heen r advisement for | the tv}!ll- ted ltl "m\‘n!‘ 100 “ II | u ; [ some time, the step beine taken, for | MIICE TLE COM A compila Article e A o o Gt e et et it 323?."”‘ O e Simiits. 5 | tion by W. B! Hibh & Co.. Washing i »an! in the scop o ts | ton Gas Light sto was the most ac: R K e le fronm carving | tive ixsue during the frat week of the IALEAEUEUENANNN SURNERRRANNS s ——— ations and bats 1t Lo Coich Is | new vear. Capital Traction, La (:‘rf‘!n(;:li""‘f‘yd 31"‘)' yfl‘i‘\”" hle and \'W\(w'. ‘\'”Ht-'\pl‘ and Potomac Electr Power preferred came next in the or der named Capital Traction first s led the bond division. Friends Laud Commerce Expert. The statement adds ) “The bank cannot lean directly on yeal estate, except to a limited degree: it cannot own stock in other porations: it « rticipate in j under ¢ Wt purchase | Announcement that William ( ey Redfield has joined Redmond & Co. as he has | mously to Congress in 1911 and b retary of Commerce in 1913 ng in the cahinet until 1919. He the first Commerce Secretary £1,000, ferred o ferred after three v January Clearance of RUGS Easy Terms 9x12 feet Axmin- SteriRugs. . .....c.. szsi Unusually handsome * patterns and color combinations. 9x12 feet Printed $ 5 Tapestry Brussels 14L Rags ..... e TR 9x12 feet Velvet $ " 1 S = 36x63 Axminster Rugs for Halls and Small Rooms, January Clearance ‘Wood Beds e form the | Addison Asks Bankers' Support. 1 with which to com-| Information campiled by the > " tional T ft Committee, indicating the chief aims of Thrift week, are as T Overstuffed 3-Pc. Living Room Suite January Clearance Price Every member of the family will The suite comprises a Settee, derive some comfort and pleasure : e . . from this suite. One of the latest $ 4‘}1"]’1’30}181]‘ - 1DVIHG w ng-ba(.:k Chair. The covering is of velour in Odd wood beds in’bow-foot designs—walnut finish on gum- $110 per is proposed to offer for sale at 00,000 of the authorized | follows preferred_stock, first to the stock Work and earn: have a bank ac- his and the Department of Lahor were separated. His work hore dur » pre- |ing the war was of great importance | 2 & y of no {and v The former Secretary es | per Sy K pre- | tablished a very important Govern Shicia time [ ment department. his associates still D of | lauding the manner in which he made | r starting (1t function, a 4 Redfield was a director i e ors ) = 1 extra dividend [ Equitable Life Assura - S of ot ik of $1 per | eight years and w vic Y on the stock of the bank of per | v fund of lof the American Manufacturers’ Ex £10,000, which the = must | port ation. He has been al- pay over to the new corporati are the world on y ar value | nomic investigating commi . Bolders of the bank. and the AMOUAL | tount; record expenditures which is not s hed by them 10 hyuqget: carry life insurance; ake a wood—beds left from suites, own | re. there be declared share, thereby cre pa ent of the no B P Mok, which, together with the public. The announcement T | our home: make a will: inv in rv:rm that :lh:frrl‘an;h‘lwagl;:”g}‘:,:E sayln >sa\.rix1p; pay bills promptly | the approva Ok but it | and share with others. | 50 per cent ofl\\vv‘fi’m:\‘ ;')‘“‘““ e ncis G. Addison, chairman of | must be agree wY ctacknolders | Bank day during Thrift week. has | ::;en»fnurlihs ?S‘ l: ot asked the co-operation of all hs | ore the i orpo! informa actually be organized . lorormat stood that the official pe A be practically the same as the officer and directors who now control '“1 destinies of the District Nationa Bank. . Southern Dairies Sales Up. . Capital Traction Leads Exchange. Southern Dairies, Inc., reports | also floor samples. Choice at— $0.95 Easy Credit Terms o > # creations in an overstuffed living R room suite—a most luxurious outfit an attractive pattern—comfortably at a sensationally low price. upholstered on coil springs. $5.00 Delivers This Suite giving to the public earding Thrift week, als the hope that assi: ce will be given ! on Budget day in the distribution of | the hooks during the week. ! ETAAHR SLALLLLATALL ALRAHERL ALLATL AUHTEEALLAE SURANRNAANNS SN <3 [ ALAAL FTTTLLATLALEL FERLERAALRATHRLHHRRAEE SUVLLRARRANN SN\ ZAAAATATATLATIITALATATAAAAAALATALAAL SR ARA AN RN RN NN NN N Y, 3 ZAA33 SHATARALALAL ALAALLALLALL ARLL AL AALRRARAANRN SNANNSANNNNS S8 P S AR AR AR L3 S SRRRSRANNNNNY 4 A A o SRR R RS RR R RS RN gross sales for December of o ading k led tradin®|compared with §552.674 for the same | ock Exchange hgmmc hands [ month of last vear, an increase of - [$138.891, or over 231, per cent, and Capital Traction on the Washington vesterday, 100 shares 4 yesterday the closing pr in six transactions, for the 12 months a gross of $11,- B e o 198%:¢ closed at | 204,859, ‘against_$9.045.850 for 19 ‘ashi g - re rea s 2,15 ver 715 while Rajlway and Electric pre- ::r lrne(‘r::'! e of $2,159,009, or over 24 Sales of 8. 8. Kresge for Decemher 7 totaled $20.450,734, an increase of Baltimore Markets more than 13 per cent over December, | 1925, For the 12 months they wer $11. MORE, January 8 (Special.— | 1925 when' they xmg"for white potatoes rules | 965 610, steady but quiet under ample receipts, it but fairly good dethand for No. 1 stock at 3.00a3.25 per 100 pounds, an for No. 2s. lfl‘a"‘;a’,is in good demand and market rules firmer, but top prices are Db'lal\l';‘» able only on good dry stock whic brings 2.00a3.00 barrel for the former, and 2.50a3.25 barrel for the latter 5 as | Gotham Silk Hosiery Co., Inc., and i) v 40 as |G y Bushel hampers sell mostly 298015 23 | riehts of McCrory Stores Corporation. | to quality and Co n fairly liberal | Reports from the various divisions | nearby garden f"d tontinues good on | 9f the clothing industry lack uni- | 218,007, or 12.5 per cent ahead of | amounted to Slfl5r‘ The national banks and man; others hold their annual meeting next Tuesday, for the election of di- rectors and of officers for the coming | year. | The New York Stock Exchange | | | Sweet potatoes has admitted to dealings rights of | 4-Piece Walnut-Finish Bedroom Suite 10-Piece Dining Room Suite receipt, but demand cOTTIavES & Teol. | formity. In general, however, the | all stock showing quality insatisfactory showing of the first | e . car- | SiX months of 1926 was counter-| le, 3540, bughel: S35 | 1anced by the increased sales for | 5 he last six months, according to ad- | lowing quotation Brocall and kale; 35040, 4.00a5.00, . onions, <4 plants, 5.00z ices to Dun's Review. In spite of | ; ) G arimbe, S0t bnsiet, unfavoravle selling ‘conditions, gen | January Clearance Price January Clearance Price cal } B "|eral a ution shows a gain of | 3 5 % 7 }615;;:;}::&_3::,1“?»‘:’;‘:1:'[::“;:;{“ sshed. [around 30 per cent; when compared | An amazing value in bedroom The suite comprises a Dresser, A pretflly decorated Queen Comprises an oblong Ex- Closing grain_prices . 2 Red|W st Y | sen—iink of 5t! Peur phoces Bow-foot Bed, Dressing Table Anne suite of gumwood (fin- tension Table, China Cabinet, s 3 UNDERTONE IS GOOD ||| of sumwood, American walnut and Chest of Drawers. Four ished in American walnuy). Sivvn Asronbiulo: aveb-ive " . Server, Ar ir Vi ] finish, at this nnheardsof price. well-made and nicely-finished An exceptional value in a Siedee ChairTc :-i(h a:e“uinz IN CURB DEAL‘NGS pleces. complete 10-piece suite. leather seats. ity $5.00 Delivers This Suite - 4 $5.00 Delivers This Suite ,Th“ ;gghrr;adr:e! ::‘;k;{(h::{fl;\, ;f;“‘_‘ Victor Talking Machine Leader in ?fimm“‘“ ety ; S S R A T Y TR AR RN RN INNRY With prices mostly in e T e Short Session, Scoring Gain 1 Genuine Leather s have been more libe : 1 ;‘::te“:\;e!?,a “out_ the demand, which of 31-2 Points. [4 Slumped the early part of the week, u ocKer shown some improvement the N ast O ave and eurrent receipts | By the Associated Prese. Bt strictly fresh native and nearby | NEW YORK, January 8.—Trading eggs are not in excess of the demand|on the Curb Exchange today dis- prevailing today. Values continue off, | played a more settled tope, with ac- Bowever, the market closing today at | tive support developing in the sev- 40 cents a dozen for firsts in free|eral groups. Victor Talking Machine cases, a decline of 6 cents a dozen |scored an early gain of 31 points from last week's quotations. Prompt | upon the announcement of a recon- shipments are advisable. quality being | struction of its capital issue. The new 7 per cent prior preferred ap- peared in the opening dealings, with | es at 96% and 9715, and the mew common issue sold at 38 to 37. American Cellulose made a further gain of "6 points and Singer Manu- facturing rose 2 points. Motor shares 148 a_pound wera in better demand at moderate s, 5 it poor | improvement. Public utllity shares w sale | displayed quiet strength, but lacked anv outstanding feature. hickens are sell-| There was increased activity in the | G for Leghorns, | oil division, with a firm undertone be- | Jor and thin stock will not bring [ ing in evidence. Price changes were )2 Old hens continue active | generally narrow, however, and with- z 313 pounds [ out market significance. Texas Pa- January Clearance Price $19.75 Very comfortable and serviceably cov- ered in genuine " leather. Easy Credit Terms everything with the trade at this sea son of the v try market continues ned The live po firm and values, are well s under moderate 1 good demand for ct 0Odd buffets in genuine walnut veneer and gum- wood—unusually priced for choice in the January clearance at-—$29 .75 | January Clearance of } 3-PC' Bed'Davenport SUite Table & Floor Lamps # gwimimss ot $ 5 1 i - 30 for stock weighing which is readily converted braced throughout. Uphol- AALALARAAAAALARAAARAARALLARAA AR RN NNNRE “up chorn: d lighter | cific Land sub shar 1a hout ; : . . rooste r demand at 2 dicate was in supply at concessions in s Iess imitation leather. k 1cks continues firm at | the later dealings, selling from 27 to . . rgey and . | 25%. Easy Credit Terms White House are in —. i ot Kitchen Set | {] atisfied n N = 1 and pigeons noid firm | FOREIGN WOOLS STRONG. Easy Credit ] T areaT ] J 1 for the former and| ROSTON, January 8 (Special).— Terms § I o 1 ) 30a35 a pair for the latter. Strength in forelgn wools has heen a ; el Capons are the only sed poultry | sustaining factor in the local wool P ~ e g that will bring a @remium over live | market this" week. Sales at Sydney i ‘é 7 R, = stock, and are scarce and wanted at | found prices fully up to December 4 £ - 86243 for stock weighing 5 pounds levels and cables from London indi- o i I s Consists of 6 pieces of good steel and up, and 32a34 for smaller and|cate better demand for wools there. slips. Auvstralian_new erop is arriving in ’ ! quantity. Domestic wool closed the Live Stock Quotations. week quieter, with demand concen- The general live cattle market has | trated largely on territory sorts. shown some improvement the past| —_— week under an increased demand and | rules steady to firm on all first qual- BUTTER IS HIGHER. p ity stock. Handy weight veal calves| CHICAGO, January 8 (P).—Butter and Spring lambs in light receipt and | higher; receipts, 8,158 tubs; creamery all stock of this' sort meets with | extras, 47%ad48; standards, 47;; extra cutlery, white handles. Ne Ph--~ or Mail Orders = Painted Metal Waste Basket 39¢ No Phene or Mail Orders ready at outside prices, but com-|firsts, 4615a4715; firsts, 43%ad5; sec mon to ordinary stock continues slow | onds, 3%a4215. ~ Eggs lower; receipts, sale at inside values. 5,62 ses; firsts, 38a39; ordinary refrigerator extras, 31; Quotations today at Light Street | firsts, 35a37; rf: Beef cattle, first quality, | refrigerator firsts, 30. s A R A A e A R R TR T T o s \“‘Wfismfim““‘v\m\as« A N S R A S SN S AN S IATHTEL TTATEAATEEET AT SHEET AT HASL SHEATEIAAAEEE SHTATTTTIETE STERTERNNNRS SON 3-Piece Velour-Covered AALARAAAAAAHALALARARARLRARRARRAAANNNA Pound. © 32 7. buls, as to .| COTTON GOODS QUT Z % £ = pound, 4 te §; cows, choice to fancy, GOODS QUIET. e . O O R, pound. 5 to 6; common to fair, pound,| NEW YORK, January 8 (Special).— - ‘] I‘t S t e 8 to 4. Cotton goods markets closed rhe week e a en 0 ul e Oxen, as to quality, pound, 3 to b.| quietly, with print cloth prices steady Milk cows, choice to fancy, head,|at 63 for 64x60s and 714 for 6RX72s. $0.00 to 75.00; common to fair, head, | Raw silks were moderately active at 80.00 to 50.00; calves, veal, choice,|unchanged levels. pound, 15; ordinary to medium, pound, gy, THE NATIONAL FURNITURE CO. N.E. Cor. 7th & H Sts. N.W. 12 to 14: rough and common, pound § to 10; small culls, 7 to & . Company Absorbed. - Sheep, cholce, 6; old bucks, 4 to 5; RICHMOND, Va., January 8 (Spe- tommon, 2 to 3. lambs, Spring,|cial.—Announcement was made today | choice, 13 to 14; fair to good, 10 to 12; {of the absorption of the Richmond common, thin, § to 9. Title and Guaranty Co. by the Title Hogs, straight, 12 to 1234; sows, 9 | Insurance Co., capitalized at $1,000,- $0 19; stage, 5 to 7: old boars, 3 te 4.(000, effective January 15 upom ratifi. Zdve pigs, 14 to 16; shoats, 13 10 14. | cation of the stockholders | Armchair, W ever desired. Covered in a good quality of ve- lour, N.E. Cor. 7th & H Sts. N.W. § Chair and Bed-Dav- enport. 5118 $5.00 Delivers This Suite