Evening Star Newspaper, January 12, 1927, Page 13

. 4 3 5 FINANCYAL. THE EVENING RTAR, WASHINGTON, D. \C, WEDNESDAY, JANUARY 12 1927, FINANCIAL. 13 ° e——————————————————————— e ——————E——S et e ——— e ——————————— T —— " 5 L TOMS R IPT , | apart from the export and tmport ton- EVERYMAN'S WILLARD TO SPEAK. | CU&TTOMS RECEIPTS UP. |7 o i i the v, which for the fiscal year 1926 give the INVESTMENTS B. & 0. Head to Address Shippers’ | Incres: e of 40 Per Cent Over 1925 port more than 6,000,000 tons of over- any sharp advance in prices unlike for some time. The silk manufacty ers are working on a pretty " :n!\rxm Raw silk prices are firm, ut they are lower than a vear ago. and_the larger volume of fnished Meeting in Baltimore. Figut'e Reported at Baltimore. | seas cargo and show a gain of 500,000 goods in demand will give manufac- . . 3 . i fod. v g . Special Dispatch to The Sgar, Special DL ‘patch to The Star. - téns over the preceding fiscal period. » » t ' 2 v A . HUGHES, w N[; ittty ;‘:::?::“::i;:k:'::;nnv;&—“:': R e | 'BALTIMO] Janvary 12—An| BALIMMORE, January 12.—Cus |These statistics rank Baltimore as Our Financial Experts prices now are on the lowest basis Value of Conversion Privilege. analysis of prospective business condi-| (oms rena ipts ‘at Baltimore for 1926 | third f rn;m: amdepgit i e S eV in their history. An interesting illustration of the|tions in the Eastern Atlantic States|finally arm placed at $19,617,125.13, an g }‘h|a “and close on the heels of New pecialize Your Individual Case All the troubles of the New England | o ol sic rivilege at- ile mills are far from « okt il gl i | for the first quarter of 1927 will be| increase ¢, about 40 per cent over re- Orleans. -| tached to a bond was given by the |y} feature of the annual meeting of | ceipts of §14,064,604.43 in 1925, s - - - Business Long in Doldrums The Manomet mills of New | market action of the 6 per cent Chile H H H v t ] At 8| ' Ad- 5 01 V3 . Dlsplays Signs of Taking " O ! e Copper issue, which was recently the f"‘""_" States Suippers d an d import valuations ror1 HATEVER your financial prob- : . an- | called for redemption on April 1 next.|visory Board here tomuprow. the 12 moni s are Incomplete, but it s I w t d 1 Lot Lils von L Lif Dounces ita intention of disc {Thix bond, outstanding to the amount Willaed, president of the|apg Hkoh'” Wik b BgE R alesmen W ante em may be we can help ¥ New Lease on Life. urther operations at its Lawrence |of $35,000.000 and redeemable at 110, 6 ang Ohlo. Witiend, i) e et | i make a profitable decision regarding . mills. The Amoskeag Manufacturing |is to he retived at that price because ve and Oblo Rallroad, i1l total about $1)'7.600.000 and the Intter || by jending New York bond house; i i A n¢ . $106,400,000. | hix aggregate trade of || experienced salesmen with esta the establishment o inancia 40 commodity committes ing conditions In their respec. | nearly $235,000 000 is in marked con. | The Star tive Industries, will take up most of L 10 the tot:u! of $201,000,000 shown | January 12.—There = . hArges. o ieh e being | IS, aY8 seasion. (he calendadd year 1h35. G Incidentally the hond which i being | Between 500 and 700 delegates, rep- e trade valig 1tion fAigures, too, are set improvement in| ARMOUR RESIGNS. e S e T : the testile Industry since the first CHICAGO. January 12 UP).—J.|capital stock of the operating com |lantic seaboard Statas, are expected [f ness has any investor lost a penny of the vear. Reports today £rom |Ogden Armour resigned vesterday as|Pany. whereas the hond Which 1o« | to attend. in capital or i h h i - - i A & vest 3 ! s + sk 7 # pital or interest through invest: textile centers, hoth in New ENR- {4 member of the boards of directors |it® Place is & debenture llmphi that ' The present officers are: W. L. Ban- We ke pha’ure in announcing that 1 land and the ith, show that sales | £ th 3 is to say, the company’s promise to | ham, New York, general chairman; S. | e ment in our ot totion tloth af all descriptions | O the Continental and_Commercial | pay hut mot :;&ecmm‘n\":cur(ed.f’r'hh\: Pemberton Hutchinson, Philadelphia. ||| First M s i nave increased this week. The | Banks. His place was filled by the fact in itself is siznificant o |alternate chairman; P. W. Moore % 1 f irst Mortgage Securities coarser grades have been par election of P Tge. in credit conditions_between | Lang Taland City, general secreta M itmer ! on of Philip D. Armour, first | 1yt 0 Sipe old bonds were first [and W. B. Einatein, New York, secre. r. - : lished clientele. Replles kept strict Surplus and the Investment of Iy confidential—Address Box 232 | SCapital A, Star office. PAESE, Co. has just announced sharp cuts in|the company can substitute a i per outing flannels, moleskin and bieached | cent obligation under present money | fannels, market conditions at a substantial saving in charges. C. ROYLE, Never in the history of our busi- larly favored and some manufat vice y f: ice president of Armour and Co. d, and the present time. C | ers of broadcloths are sold ah 4 marketed, and the pres The reception and entertainment | » el Tt e Al months. In other | Charles F. Glore of the firm of Mar-| A more important distinction, how- | committee In composed of F. G. Maore, | formerly\vith Henry L. l.)oherly.a‘ Company shall Field, Glore, Ward & Co., was |ever, in that the Chlle Copper s were | W, H. Smallwood, W. B. #windell, has become associated with us constructions, forward sales are re- | d | added to the directorate. and still_are con ertible into Chile | N, Settle, €', R. Hellman, Howard ported as fa e “opper stoc! 35 a share. This| R Grimb T Trank Hae 4 X June, and these in many ca —— . - Copper_stock at § arren Griffis, 1. Frank Har A ident partner, Mr. Witmer will conduct : p L i | means that a bondholder may turn in Hobouaee. A Beal, Trank s resident partner, Mr. Wi been made at a slight premium above) RETAIL TRADE BETTER. his bond to the corporation and receive | C: Pl e they affairs of our Baltimore office REEDOL pr 008, otton gonds to| FORT WORTH, January 12 in return as many shares of stock as| Bamberger. guRendiustment ot cotton gonds 1o oM ernil husin the par value of the bond would pay s o ; | e lower level of raw materis 3 of Texas has been 3 | for at $35 A share. If it was a $1,00 = prices has , stimulated sales and | {0 RS Y RO OO0 Ming to statis. | plece he would receive 28 47 shares GRAYBAR SALES CLIMB. 1 1 fl The N York Life I C orders are being placed in excollont | ijes Just compiled ; o “wock o it "Bt “an_soom a1} cricaco, anuary 13 00 _saies o | leqll awn e New York Life Insurance Company volume. Mill operations in coNse- | pa credit associations. The increase | Was known that the company pro- vhar Electric Co. have climbed L ihraiise Canec Al 1 Jxpand dur{in popuiation and hetierment in_the posed calling the bends at 110 the miar- 300,000 i 1976 from $56.000,000 CeMPAN Offers ng the next few months e in- | petroleum and live stock industries is | ket price advanced to t gure. in 19%5. Walter P. Hogland il dustry is now in a stronger pe held responsible. 8 15 | KO Pihen a bondholder having paid|of the Gravbar organization here. an Iywestment Bankers 110 wished to convert his holdings® | nounced this showing yesterday as First Mortgage Loans technically than at the openi e & ed to_cot ol ) any recent ar. into stock, the s s wWolll cont m t of the concern's fi % Woodward Buildin, R B GASOLINE PRICE CUT. at ‘s vate 38%. Similarly & price b b T R ML B 4 g Weshingson, D. C - for the bond of 115 is equivalent 0| The Gravbar .Co. was formerly the|li Tel. Plaza 292§ Tel. Main 9129 On Improved Real Estate in the District of Columbia CHICAGO, Janua 2 () — Production schedules have been | gandard Ofl Co. of Srdlane o niTx:: carefully regulated and §UrPIUS| reduced gasoline 1 cent gallon stocks of finished goods have been |ihroughout its territory, emt reduced to @& point where they no|\fiddle Western States. The new longer are unwieldly. In addition. |tank wagon price in Chicago will be consumer buying has been unusually | 17 cents and the service station price brisk. At no time in five years has| (g cents. p the position of the cotton mills heen . A ,m'dullp),";nm:‘--i'?: I:::‘fi:“":::? gure e versic MY, 4 e EREAy. SEObDT. A Fool and His Money. ply because the holder had some three ] (] The fact that a stock certificate fs [ months to make up his mind whether printed in fancy green scrollwork fis|to turn in his hends for cash or to no proof that it is worth any more |convert it into stock, and there was Are placed at approximatel 000,000 yayds, or over 40,000,000 than ordinary wall paper. Thousands |RIwavs the possibility that an upturn of people in Washington would have | in the price of the stock would make o saved their money If they simply had |it more profitable {o contert. 1In sis . asked their banker to tell them what | other words, he had a.chance of spec- (In the District of Columbia and Montgo mery County) The response to th he knew of some supposedly wonder.'ulative profit with practically no e nary white| tul investment. chance of speculative loss | i, Without Commission on'. Bonus 5% Interest and Nearby Suburbs in Montgomery County, Maryland 3 Years, 5§ Years, 10 Years =~ RAanNDALL H. HAGNER & OOMPANTY Incorporated MonTGAGE LoaAN GORRESPONDENT 1321 Connecticut Avenue Telephone Main 9700 401, for the stock and 120 for the|supply de Iy e bond to 42 for the stock. B L Ge e e Now when it was announced that the bonds Id be called the stock | was selling around 36, or 2% points The Sun Life Insurance Company of Am erica Will Finance the fact that mills at a far heavier ion than Goods prices are ¢ months. Mill operations are expected to show an increase in profits s well s in volume. While pri shed merchandise have fa have not fallen to the san; volume of business for the next three a_Century’s Equitable Co-Operative Building Ass'n JOHN JOY EDSON, President WALTER F. PRATT, lgn. Secretary Organized 1879 4ith YEAR COMPLETED Assets........... $5,136,317.22 Surplus................ $1,106,195.76 Experience How Many of Your raw cotten quotations, ahout 40 per cent lower than a year Avsastinsats B M wer, high ced tto] Lo . . & e wered oF, 5 o . Subscriptions for the 92nd Issue of Stock Being Received heen worked off, so that | * the full v of the lower raw ma- terial cost accrued to the manu- facturer. The cotton textile instituts is expected to do much to prevent ex- pansion of output to a point where the prospects for prosperity for cot- ton textiles is threatened. tocks ha —are rentednow? Allof them—or enough to show vou a proper profit? If not, call on us to analyze vour situation .and find what is needed. As spe- cialists we can often turn rental losses.into owner- profits. Try ouf service~ B. F. SAUL CO. Main 2100 925 15th St. N.W. Under our plan Life Insurance for the full 2 mount of the loan is required to be taken with the Company- at the time_ loan is granted. The net cost of such Insurancedis extremely low and in most cases is coinpletely offset by tha: savings of the usual commission charges for making real gstate loans. In the event of the death of the borrower the Life Insurance pays the mortgage and so you \ Leave Your Family a Home—Not a S“wtgage 'YOUNG & SIMON TR rities on Insurance ‘ . : Al Leopold V. Freudberg, Matager Life Insurance Department : Now Owned in 3rd Floor, Woodward Building—Telephone Main 3180 51 COUNTRIES General Agents for \ and Territories Abroad Save Systematically in the Equitable Hundreds of Wash- ingtonians have adopt- ed our plan, and rec- ommend it highly as a means to accumu- late money. Start to- Wool Consumption Gains. Raw wool consumption is on the trend upward, but prices are fairly well stabiliz: This furnishes an ad- vantageous is for woolen cloth manufacturers to work on. Produe- tion and the situation in foreign = kets are such that material pr seem unlikely to fluctuate widely mand for woolens an been aided materially pent in the demand here are comparatively small stocks of woolen textiles in the hands of the | cutting-up and clothing trades. De- mand for new clothing seems sikely to be far heavier than in most Springs, since the weather was such Jast year that many wore their Win- ter clothes Tight up to Summer. As to raw wool spects, production is likel. ¢ enough to make Save a portion of your New Year’s earnings systemical- ly in the Equitable. Watch how quickly it grows. 1 for Assistant Wanted Advertising, M er ¢ handise Experience, . Personality and Tact—requirements for posi- tion open as Assistant Man- ager of commercial organiza- tion. Salary, $2000 to start. (Address Box 233-A, Sta Sale or Exchange of Business Properties A specialized department under the personal direction 4 of BEN T. WEBSTER Associates— GUY BIRCKHEAD IRVING B. NEWCOMB EDWARD E. CALDWELL HUGH E. PHILLIPS JOSEPH J. CROWLEY E. CLIFTON THOMAS EDWARD S. HANDIBOE HENRY R. WASSER CHARLES C. KOONES SUN LIFE INSURANCE COMPANY OF AMRICA Incorporated 1890 HE wants of investors are the same the: world over— . safety of principal, a continuous and profitable yield, freedom from worry and care. These are the objectives which investors everywhere seek to attain. For more than half a century The F. H. Smith Company has been uniformly successfulin help- ing investors place their funds safely and profitably. Because of t}fxis fact, evidenced by our record [ Money to Loan Becured by first deed of trust on ailing interest and comm To the January Investor — Experienced Investors * " Get All the Facts \ FIRST MCRTGAGE LCANS 5%2%-6% Applications for first gage loans promptly acted by our Loan and Investment . Department. W. H. West Compan;’ Younded 1894 916 15th St. Main 9900 THERE is nothing mysterious about the way experienced TR el eniieid J AnD P : investors assure the safety of their funds — they demand, } rlil:r'g-'y ?:tg: fe (Loanl BOS,?,,N,,E,, ,l;,l,EL and get, the facts regarding the investment house through \ ! No Loss to Any Investor e T T e A 5 which they propose to deal, and on these facts build their in- in 54 Years 1417 K Street—Main 9300 vestment program. investors in 51 countries and territories abroad have sent their money across thousands of miles of land and sea for investment in Smith Bonds. Because of this fact, also, Smith Bonds haye been bought by men and women in every State of the United States, and by banks, trustees, insurance companies, colleges and other institutions. The bonds that conservative in- vestors the world over have found safe and profitable are 1 [ good bonds for you. <= '/ Mail the form below for current offer- Y } / 0 ings of Smith Bonds, which pay 6'/,%, W/ ket x{ \J and for copiesof our two booklets. \ Provident Mutual Life Insurance Company Funds to Loan In Small or Large Amounts at 5Y; Per cent. WM. H. SAUNDERS CO0,, Inc. a3 k se NW" Main 10167 T The Metropolitan Life ; WE PAY MORE INTEREST ON SAVINGS ACCOUNTS Than Any Other National Bank in Washington Interest on DAILY Balances Come in and let us explain Commercial Nat'l Bank 14th and G Streets Resources $17,000,000 GOLDEN DONALDSON. PRESIDENT to 527 The facts about S. W. STRAUS & CO. are easy to get—founded in 1882 for the one purpose of dealing in mortgage securities, and in forty-five years, under unchanged” ownership, un- changed purpose and with unchanged success, we have pur- \ chased and sold hundreds of millions of these securities. Today the business of S. W. STRAUS & CO. is essentially the same as ten, twenty; thirty or forty years ago —the purchase and sale of sound mortgage securities, and the offerings of today amply warrant the same confidenceas the offerings which have established the outstanding record of this House. You cannot do better in the investment of your January funds than get our list of current offerings, yielding 5.75 to 6.25%. Write today, and ask for Insurance Company Loaned on Real Estate in the City of Washington and nearby.Suburba Millions of Dollars during the year BOOKLET 450-G Smith Borids, in $100, $500 and $1,000 denominations, are sold outright or under an Investment Savings Plan Loans at 57 1926. Economical Conditions : j .\\ that pays the full rate of bond interest. T{!fil’(ffifigfl:gfifflt’d Consult Weaver Bros. and learn the éM STBAQS‘& CO,.: fin\,;P. H. S 3 C Mutual Benefit Life Ins. Co. Newark, N. J. 1520 K St. N.W Main 475 Taepsone A0 TrecaPH CoMPANY BELL SYSTEM many features of this excellent service. WEAVER BROQ 7 diiend REALTORS witbepaid | 809 15¢h St. N. W, Main 9486 \December 20, 1926, { ' o H. BLAIR-SMITH, Treasurer. l A % Founded 1873 Smi th Building « Washington - [Main 6464] NEW YA'RK. CHICAGO PHILADELPHIA BOSTON ST. LOUIS « PN\'TSBURGE BUFFALO ALBANY MINNEAPOLIS 3 S 3-02 IO .. et 929 FIFTEENTH STREET Telephone Main 5847 WASHINGTON e e IO S DS —— 45 YEARS WITHOUT LOSS TO ANY II