Evening Star Newspaper, January 29, 1927, Page 15

THE EVENING STAR, WASHINGTON, D. C, JANUARY : 1927. SATURDAY, SCHWAB OPTIMISTIC. ‘S.A.L PROFITS SHOW TEXTILE DEMAND , *cu® =7, Cusb Market today . . Rethlehem Cinisluing age loans promptly acted upon Jes INDUSTRIALS 2 Lo 5 3 s T aafled Tt ight on his annual trip v our Loan and Investment Buyers Out Early Today for!™ "i'8iomco n urs. .t X Preliminary Figures Place Reports of Steel Mills Are it o Lo b b L i "'&;";{{v e . & . . es 0 Earnings at 3 1-2 Times In- | Uniformly Encouraging. b ness Is Fairly Heavy. 1 Pt Money Available For First Deed of Trust MCRTGAGE ) ¥ LOANS S FINANCIAL, NEW YORK CURR MARKET i : Received by Private Wire Direc. (0 The Star Office hoard of the i vt nvaan b 8 & v || AMESE SHEA " 5 ¥ 643 Louisiana Ave. N.W. his foreign tr Founded 1808 916 15th St Main 9900 terest on Adjustment Bonds. Auto Factories Active. Discussin Week End Trade and Busi- §Au Cirag Gan & KL Very few changes in prices of Sihervo 4 s B i Ne 2, G s, | Suecial Dispateh to The BY J. ( produce were reported this week. Due 1 Sunerpow o BALTIMORE, Jan 29.—Pre- | Special Dispatih to The Sta largely to the cold weather, it fs 4 ead € pid linilnary Hgures of the Seaboard Alrl "\ Vb 1y 29 stated, prices of varlous commoditi i 3 wio2 b i . o1 : Line Rallway for the year 1926 just| =0 ary 2 Lnlelddmun but warmer ther, pr al ’ " » s 1 Isstied, indicate that t uu.,;.m;, al of the oted for the coming wee may tell L 3 carned interest on its 5,000,000 ad | @ different story b i justment & per cent bonds more than Dealers report a fairly steady de y LR v | P 0 3% | three and three-quarter times, TV mand for turkevs, the demand for 15‘1}71:",’“.’““"‘ T Eip Morrds A 167 company never before approached fresh-killed stock being heavier than 1Bril Corp A 3 Poito Kian B w J that record usual. It is said the heavy demand L SRR - ;;Q?»"fihw“"&"';‘” ¢ Surplus earnings of $4,428615 \\Fu 2 o reaged lunchroom Co Apuirm oy i G aep BRIvn . o E 3 630 greater than reported for is partly due to increased unchroon % Cen Azuirre Sie " B Ang Bk 3 ) : greater than repor L4 e i trade in turke ndwiches and 1 Eont Leatn A wi 20 B R the ‘best previous vear in the| : i J8alads, a5 weil as an increase in de e R B ne Nioros uag ™9 s34 | history of the Seaboard Alr Line. = |FPebperell Manufacturing Co. has not 'mands for home consumption. 1¢°6N"Y pra wi Snia Viecosa o Total operating revenues in 1926 | fied the trade that the all-cotton bl Live turkeys this morning w Coneol ¢ Bali n Snia v I, vt were $4,160,143.01 larger than in the |ets of the Massachusetts mills § quoted at 40 and 43 cents, the dressed 3 9 0418 Sou P&l war s vear. Expenses were $2.523. | merged with Pepperell. have already | greater, leaving COmpArative | heen sold out and sales of part cotton stock bringing 47 and 45 cents. \While|[ % CG&k P 007 1 | St Cam’ Ton x the demand for the king fowl has in 4 EoEsiaut. L 30 fia B4E 2 ¢ 2 % gain In net revenue of $1887,086.80, |part wool, blanketn are being made.on oreased with the cold spell, it is stated, 7 Curtiss ) T Siand P 3 Net rallway operating income showed|a hasis of delivery in September. The dealers have not increased prices, the g bk i tuna | an increase of $1.191.382.83, and addi | tUnion Mill of Butriiville, & 1., closed | Jotephl Weller supply and demand heing about 4 Curtis Pab pid Twmpa El n tion of other income of $691.884.72 en | for over a year, has resumed. Cotton | Wenough to keep the market m & Timken Axle ables the company to report a &ain it | converters have notified the New 15ng shape. This condlijon also I8 ap- | g ‘ December__ operating revenues | lund railvouds they expect to ship 30 plicable to chickens and other poultry dropped $147,178.28 compared With the | per cent more goods than in 1926 corresponding month 80, BUL| " British mills ure realizing it is better | savings In cperating costs converted | ¢, yvun full time, redice costs of pro this loss into a net £ $290.044.78 | duction and fight for markets than to || ¢TI0 12t =& the past two days Is suggestive of b $ Vo ross income of $].8 hold output to what goods thev can | i Higbie & Richardson, Inc. lower prices for the product E e i1 ¢ 1 USD stly. Exports of cotton in con 816 15th St. N.W. in this city the coming week. In TR D: Gy : S S sequence now exceed 6,300,000 bales | (1 - e = © 'r\:sv-nl v,!{yna 1:(‘-,‘ el m;l‘ , bareay T e pid 3 5 o} Yo Talk My : for the season, or 235 per W seeeesessssssreesrreseree certain to t the market to the ex p beaters A 22 | °F wea auto 8 pra 3 % than ut thix time last year. T . TS tent of decreasing prices, and dealers Bt & 6 L0 s Weat M F: ng down possible carry-over 61/27 CONSULT US ROVLE, \merica The re ver mo The New York Life Insurance Company Offers to Make First Mortgage Loans he sald On Improved Real Estate in the District of Columbia and Neatby urhs in Montgomery County, Md., for &, 5 or 10 vear terms on your e 5% _ Blig.. 9ih & F N.W Apply = || RANDALL H. FAGNER & COMPANY [ WE FINANCE _— S LS ———— Large Loans a Specialty 1321 Connecticut Avenue Telephone Main 9700 industry Is W v, he add 2 are always op and Y 5 vihing America but what is optim only wi t steel stocks acting to correct one of the stormy sit hat is the he vield and provably | will ¢ se and vield P | huge carry-over of eotte In the | he said, is throug tallmant of i | nations with which the year opened South many mills have orders three to e six months ahead t people holding such investmen | have nat sold out and put their mone; | into industries that vield more.” Home Office Building Apartment Business Property Money to Loan by first deed of trust on real estats Prevailing intarest and commission re 2 Lower Egg Prices Near. Bl o A drop in egg prices in the West By 5 i s 31 Uni L&P e <ZELCEE ing short overe he hman Chas. ) 9 | White Sew Mach 5 for safe inyestment of say mnothi of severe weat . hi thereby improving conditic nothing short ver her 3 hereby iy n 1l sour stirpius tunds. Took will prevent lower prices MINING STOCKS timent In the South, with consequent | The fatiire hy invest n e stimulating effects on sales in other First o sections with southern customers Mortgage . | Steel | 1433 K st Cold weather caused 40 Divide Extens Industry Speeding U " 'Notes Founded 1887 | | Where Thrift Knows No Menace There is a medium of investment for your financial surplus that is free from all industrial disorder—and a medium that assures you a dependable annual financial yield on your investment—that medium is our— First Mortgage Notes SECURED BY IMPROVED REAL ESTATE IN THE NATION'S CAPITAL ported. making business 3 o1 vt Fet thonzht G Practically no changes in prices were I -u\n,dv."v_n:s <. 18 §olden reported during the week. E : oa 1 16 Bathome - Dealers in fruits and vegetables 0 3 5 Kax ConCor, were put to extra trouble to protect < their supplies from the freezing tivity in the meat mar - 5 o i 130 Fureka Croesis nw. Washington, D. €. | 4000000000000 0000000 00000 — Reports of important steel com ewmont Mining weather the past few days, and it was : North Butte. . 3% panies in the last few days have heen J Zine ments. One big manufacturer, how F M next to impossible for them to make Sorth e tity of Bull Operators e irst ortgagc prices emained practicatly station-| | MEN AND ha Sie 1. below. Mills, however, are making & moderate demand making a steady By M. S. Rukeyser. Ty By the Associated Preas excitement in Wheeiing and Lake | £ Wert R d r § i | New York Stock Exchange today |With Lake Erfe at Huron is one of $35 4 ton. smaller quantities bringing | o I e common | At Huron in the last year amounted to | L e Saeeniators over $2,000000, | #utomobile factorfes. In many plants | mecounts Bt the close. of | LUrers are counting on an increase of Loans Applications Invited at 5% On Improved Property In announcing its new record-break ing financing plans, the Consolidated | Sale¢ ~INDEPENDENT O11. . s o L : in handrede A Celery Supplies Liberal. Gas Co. of New York apparently g A Con Onfelds. Celery supplies have been liberal made no l"r()\'l.mun for retaining “‘cus- | Am .Maul«'m ho this week. Sales have been small on |{omer owners,” who were Invited four | Besgon. O} account of the weather, dealers re-|Y€ars ago to buy participating pre ardinal Pet ported, being too few to establish a | ferred stock. o Street Mystmed as 10 den-| unitormiy encournging sua the Indes fren Ch A ipiesing displays in the open. Supplies were e, S5, , sayn that certain products are attuck > 5 Behind the Rise. ary. Teck Hughes splendid progress in reducing costs, Utah “Apex. =4 market. Cabbage also was plentiful January 29—The | Erlé and the fact that its connection | began an investigation into the cir- | that road's big advantages, it is in from $1.50 (o $1.75 per 100 pounds. | stock of the Wheeling and Lake Erla | 627,347 tons 7 Carib Synd Members were asked for detailed | ™men 1aid off in December are being | ey With a stroke of the pen, the com- try is speeding up in most depart olland & S AL oranda ample to meet demands, however, and f"’h'“ P being sold at and in some cases | Apples continue in liberal supplies, Tono Helmani . 27 - e In connection with the stock marke i \ (Cobyright. 1927.) ] : | _NEW YORK, this morning, bulk stock selling at | cumstances surrounding the recent | Teresting to note that iron ore receipts | Rallroad, which is helleved 1o havel Better activity is in evidence at the | information concerning “long” and | (alled = back. ~ Accessory manufac Construction Loans at Minimum Rates Cit Serv n . Cit Ser pt Cit Serv' B cfe Moderate supplies of potatoes, let- tuce and splnach were reported dur- ing the week, while supplies of string beans were very light. Very light wupplies of strawberries from Florida met a iight demand and firm market. Berries were quoted at 65 cents. Carrots from Texas are being re- celved in moderate guantities. bushcl baskets selling at $2. Liberal sup- plies of crated caulifiower from Cali- fornia met a light demand and weak market. Dealers were out early this morn- ing for supplies for their week end trade, and early morning buying was fairly heavy. DPrices were substan- tion this relatively small good will of fering, and to issue in its place a new class of preferred stock, in addition to an increase in the common stock out standing. The outstanding preferred stock, which was originally sold at $50 a share, will be redeemed on May 1 next at '$56.25. The present common shareholders, who represent miscel- laneous investors, will have special rights to subscribe to the new com mon and preferred shares. The total new stock issues, which will * finance the expansion of the metropolis’ leading public utillty, amounts to $163,000,000, and the re Cons Roval n Creole Synd Darby Pet Darby Pet v 0 9 1 pany has decided to call for redemp: 41 Columbia Syn 1 9 31 2 Gulf Oil of | EKirby Pet 8 Leonard Oil 16 Lion _Oll L star 6 Del ) Mex Oil 30 Mex Pun 2 Mount_ Prod 2 New Bradford O 1 Panttem Ol - o 6 Pantepec Oil 1 Red Bank Ol 4 Reiter-Foster 01l 2 Salt Ck Con { business on each of the trading days | between January 22 and January 29. Wall Street was mystified today as [to the identity of purchasers of com | mon stock of the Wheeling and Lake | Erfe Railroad, which in a sensational advance of 11 points vesterday caused i |losses to shorts estimated as high as 000,000, The ldentity of these purchasers. carefully guarded by thelr brokers, led to varlous surmises. “One story,” says the World, “is that John D. Rockefeller may have pulled the strings which sprang the |bear trap, a sport many financiers W their customers in February. dull and slow, but improvements in mining equipment and methods is making the situation of the higher cost producers much brighter. The use of electric power to run holsts at great depths is revolutionizing deep mining. The situation in China was back of the improved price of silver, making shipment of that metal | through China more difficult. Electrical Equipment Trade Good. The electrical equipment industr: howed steady expansion this week. per cent in the shipments released The non-ferrous metals have been Glover & Flather 1508 H St. N.W. Prompt Action. Lowest Rates of Interest lnd Commx-llon Thomas J. Fisher & Compa 738 15th Street. | First Mortgage Loans! MORTGAGEF WE INVEST IN 4 8alt Ck_Prod 7 &avoy_Of 23 Tide Water Oil ' "4 Tide Wat OIl pf er Quinlan s . s, | tired preferred stock to only $16,375.- ;:.‘.;;!‘h' Samsian those toporied YN 000, Whe kv rarEIve Wtock will no doubt bear a lower dividend rate than Today's Wholesale Prices. the outstanding issue and will be 1 Butter—Fancy, 1-pound print bereft of the participating teature. In { Woodies Pet n store packed, 30. any narrow business sense, the New |gues STANDARD OIL ISSUES. Egge—Fresh, selected, 40; hennery, | deal has been wisely concelved, but it |in shares 43; current receipts, 38; -xtmuge, 30a32. | seems to me that the company is un-| 400 Anglo Am 50 Borne Ser: 1200 Contl Ofl 'n 340 Cumtbertapd P 1,13 100 @al Six Ol relish even more than goif.” Competitlon is sharper but buying of L S uying of | b [h; R‘;\'(p)nl old {;nm!x ,hf“d,.«f,(,q‘d:' central power station equipment and ;\(‘?n‘:‘: “_:)1”:1':.(‘0.:“:::1\. f:hw‘ Mr :mu;lshnld equipment seems likely to| Rockefeller keeps a closer telegraphic | [ h(® companias rommt thoy hoot s :;:;;r:slvuu:“t'}:‘— !:tdmk market than is 50 more customers than a year ppO! ago. “Through ownership of virtually all the prior Jlen stock,” the World says, e, conlsRacs) ANRIMAG picked “Mr. Rockfeller has absolute controi [P hoticeably in the last week. New Real Estat of Wheeling and Lake Jrie, a 540-mile r:"g‘“r:‘m:"l c l{;'flgmfillla as mv\u'h eal state b road running between Cleveland and | fORSIAUCtbn Work wil i ‘b"“‘»‘“r Current rates of inter- Zanesville, Ohlo, and from _Toledo |3 last. Lumber buying s about the ¢ SHould n south through Kastern Ohio. There is | S48 orf:“:"':“’af! = JSaE sgo and U est. ould you have | d accumulation of 71 | fil s are showing some gains, ',',:,":‘.'f:‘m,,',i,hé?,fl’ ‘stock. Until this is | Wage reduc rthy;lhu\e beent made in Money to Invest some non-union bituminous coal mines pald off, Mr. Rocketeller designates |Som —we can also take care of stors. and the common |and in the window glass plants in o the road’s directo Our experience, ex- tending over a period of and preferred stocks have no voting | Pennsylvania. you. Thirty-five Years i Plantings of Winter wheat and of —insures your protection, s Bas P A Third have been specially heavy in the May Have Bought Common. orthwest and, Indeed, for the coun- Percy H. Russell Co. of a 926 15th St. N.W. Century Foreseeing eventual payment of ac- | try as a whole and weather conditions Without a cumulated dividends on his holdings, | indicate that the crops will prove pro- JUST COMPLETED | Loss says the World, Mr. Rockfeller may flm‘hla for the agriculturists. have bought the common shares to| There are now 169 Cuban sugar perpetuate his control. mills grinding and supplies of Cuban Another theory is that the road|raws are commeneing to arrive st would fit into the merger schemes|shipping points in increasing volume. of severnl larger systems. This has not affected prices materially Some Wall Street circles, the World | one way or the other. 13th & M STS.N.W. Just North Mass. Ave. 1 room, Murphy bed and bath, only ........ says, have credited the I. F. Loree —— Interest with competitive buying of the | TREASURY CERTIFICATES. 2 rooms, kitchen, bath and Fimpe $75 common shares, believing that the {Reported by J & W. Sellgman & Co.) Elevator Scrv:ce road would fit into his proposed fifth eastern trunk line, the New York Cen- _“_um i Easy Walk to Business Section and D B tral and the Nickel Plate. Persons il - on the inside, however, the World say; ? em ]fi 192 100 146’ 1 epartments OPEN EVENINGS declare - that control could only b gg;% moj.,,,; 108 so-s2 H. R. HOWENSTEIN C0, obtained through a private deal with 1311 H ST. N.W. THEM FIRST You are not hazarding your funds in untriad investment when you select our 6',% FIRST MORTGAGES Because we, as realty invest- ment specialists, invest our own funds in them first, before they are ever offered to our clients. Our demand for safety, and as- sured yield, are exacting. In our appraisal we are not easily satisfied, and our Mortgage management is not lax. When you invest through us, this safety reverts to you. B. F. SAUL CO. Main 2100 925 15th St. N.W. IS NO SUBSTITUTE FOR We will gladly receive and give prompt attention to applications for [ wise to lose the intangible benefits of Loans on Washington white Leghorns, 20a | having 85,000 customer owners among 18: ducks, | its shareholders. This friendly capital Dressed: | Will be released, and will no doubt be | 300 S8, B Ol & & rooked | reinvested in general securities or | 1200 Imp O of Can n 850 nd P L spent for articles of consumption. B e Customers Permanent Partners. 100N X Public utility corporations should 400 Ohio_ ON. ... gard their customer owners as perma- | 1100 ;;;“ng 2% e Meath—Hoet, 15a17; veal azaag;| Vont BATCIOTE SN SRRE O Crevent | 106 s ieerm” X 5227 fres: i 4 S 98a30; smoked shoulders, 20. "lof a corporation they helped to| “308 O Ohio . Live stock—Calves, choice, 16; me-|finance. If corporations are sincere in | 108 O Ohio pf alum, 11a13; thin, 7a8; lambs, 123, | their original assertion that they en- - % ) 5 Uisted local capital for other than |Sales BONDS. purely financial reasons, they should |in "i‘x’;“flflf..’ " Have \o" lleo» Stung Yet? see the value of retaining associates. L m'G ol Some men have to get stung good | One of the by-products of customers’ Tow & 1t and hard before they learn to be cau. | ownership is the new understanding 2:: s.,‘m’,‘"‘ tious in making Investments. Before |that it creates between consumers and % you Invest—investigate! utility corporations. The best way to —— e treate a partnership interest in a ro{- oration is through common stock. t EARNINGS ARE LARGER. After the war, when the customer NEW YORK, January 29 (#)—Net|movement ownership began, few of earnings of International Combustion |the public utllity corporations were Engineering Corporation for 1926 were | prosperous enough to have created $2,200,000 against $1,124,000 in 1925. | new common shares which would have Unfilled orders on January 1 exceeded | been attractive. $26,000,000. Accordingly, it became fashionable to make preferred stock the vehicle for popularizing_ownership. The Pa- cific Gas and Electric, a pioneer in EVERYMAN’S fhe. whote customer ownership. move: ment, was also the first important INVESTMENTS | | utiiity to sell common shares directly to customers. The new prosperity of the utilities makes it generally feasible for the well intrenched companies to sell common stock to their own cus- sShorts” in the Breach. fomers. " Perhaps more will attempt o do so. A mhort time ago a certain in-| Tyjegntime, the Consolidated Gas Co., dustrial corporation met difficulties in | which made gestures of being inter- chich were reflecte ested in these newer forms of financ- °”"“°n.,:h“h “1 < “:m“'d1 o “, ing in 1928, returns to old-fashioned sharp decline In the market price of|f,,pcing schemes, allowing the cus- its securities. The case in interesting, | tomers to make & small profit on the beceuse it illustrates the stebilizing | transaction and to give up thelr par- qualtty which “short” selling given to | UGRRUOR, public utllity eorporation a market and the useful function | sels sharés directly to the public it § which specniation plays, has a speclal obligation to sell cholce This_corporation had outstanding | jsgues only. It should aleo see the wis- both stocks and bonds. They were|gom of refaining such a partnership both listed on the same exchange.|inierest once it has been established When the selling orders came Into| 1y geems to me that in eliminating the the market, however, it was the honds | ogtomer owners tha Consolidated Gas and not the stock which broke most | (o s gacrificing intangible assets in violently. At first sight this would | go04 will and friendship in order to seam _surprising, becauss no matter | Eo0% YL A0S TUERCENE how ‘unfavorable a situation the bond- | ™ eams somatimes do come trus in holder has a claim on earnings and|pe workaday world, even if the assets prior to that of the stockhold- | realization of hopes 18 long delayed. er. Even If matters came to the|mpg jate James J. Hill in 1901 visioned worst 1t would be the stockholder Who |, “great combination of rallways in was wiped out and not th bond the orthwest His ambitions were holder unless there wus absolutely | 1), ottled by the popular clamor against | nothing left in the way of cash o | ponopolies and trusts, The Sherman | property. antitrust Jaw stood as a barrier be- Nevertheless, while In this instance | {ween Mr. Hill and his goal the bonds were declnlug perpendic- ularly the stock sold off gradually. Rail Mergers in Fire. At one time there was absolutely no| But in 1920 Congress virtually re- bid for the honds in the market, but | pealed the Sherman act, in so far as there was avs a price at which | {he rallroads are concerned, The the mu{u o » s0ld. The explana- | merger provisions of the new legisla- iy tion of this paradox is sinply that|tjon, however, are somewhat vague Vobrrar 2D A28 pR% ORAL : Weur Pow'Biun 4 Bk - 08 | cents: Grent Britain, demand, 484 9-16; cables, 485; 60-day bills on banks, thers was a ‘“short i st In the {and need further classification. Those | stocks and none in the tonds. Specu- | hont n effecting consolidations helieve | ot Lnlon T80 154N jon, dav by on ban Your funds, properly invested, should lators, seneing the tren ng before | that under the law as it now stands 3 s g 480%. France, demand, 3. ; eables, it had become evident 1> the general | ypironds must be jolned ‘h,m,":,av‘.;"”mfl_ FOREIGN BONDS. S dtats Hemand, hit, bl oun as high an income as pomblc with- public, had &old the stock, Lorrowing |leases instead of through physical con 1 Bue Afres 78 4.28%. lmpnflng the soundness of the in- the ghares for delivery, and when the | solidations | 1 Bue Aires 7s Demand—Belglum, 13.89%; Ger real break came these name specula-| The joining of the Great Northern,| 33 Bus Alres 7 many, 23.69%; Holland, 30.921%; Nor- vestment. You sre assured of 2 tors were the buvers of the shares|the Northern Pacific and the Burling- 76; Sweden, 26.6615; Denmark, d when you invest in sownd i ;{‘; Mortgage Notes offered by Sware 31 Bue Alres hi"flz they had previously sod, thus real-|ton, which seems imminent, will be 2563‘4. Switzerland, 19.23%; Spain, zell, Rheem -a Henvey Company. Srsons S 22; fowls, sters, 20a26; keats, . 27a28. Turkeys, 47a48; poor and breasts, old toms, 35 37a40; smalle fowls, 28a31 EEEERS e young, rabbits, No. 1, 3 FEFS ey oo Rk 1s e Fouisearis 15 o & >3 K“AW CoOTTmRD, = = e le_ Cop t Serv Ba on Gan B by ¥ 8 1 on Pub 8 SZetrer et e oo 2t SoronnssosoeBoe St St s 50 o EREEE R S b A SRR N R R e A et A S Aot ooCEooo0s s or5o5a0s Mr. Rockefeller. Al of this, however, observes the BOSTON STOCK MARKET. World, overlooks the explanation which | 87 Special Leased Wire to The Star. may prove most simple and truthful—| BOSTON, January 29.—Following fs manipulation by & group of profes-|a list of today's highest, lowest and slonal traders. closing prices for the most active That elther the Lores or the Van|stocks dealt in here: Sweringen interests have been buying : S Ot the stock on a rising market is doubt- ginlnw HA‘rlicrd ed by the Herald Tribune. Bankers, | jingham, Mines - the newspaper savs, have stated defin- | Calu & Hecla itley that those Interests are not ‘S‘NIE buyers. giliia ¢ ¥. B. Taplin Is Mentioned. Talund Creek - The most logical suggestion heard | Mass Gas -4 in financlal circles, says the Herald | Mcrgenthaler Tribune, was that Cleveland Iinter- {fj"‘ ',;‘;“m_ ests representing Frank B. Taplin, |} T president of the North American Coal | Pacific itiln Co. and president of the Pittaburgh | §uedish Americai and West Virginia Rallroad, were |inited Shos 3 buving the stock, while at the same }Z;-IH";(O:'_I{ ot time negotiating with the Rockefeller |igmort . interests for holdings. Warren Broa The newspaper points out that some months ago it was reported that pow- erful coal interests were trying to buy the Rockefeller stock, so that the Wheeling and Lake Erie, Pittsburgh and West Virginia and Western Maryland could be linked together in what ultimately would be made into another Great Lakes and Atlantio seaboard trunk line system. The Times says the most mooredit- :;::} R HAE |ed report in Wall Street circles ia fowe. Shelt g 2 i< |that loree was connected elther Cal Ed 08 810 directly or indirectly with the pur- WA ’a‘n:: 13’5?, 108% chuses. When_ this sssumption was 3 97 placed before him, says the Times, Mr. Loree declined to comment on it. Eaaa sl oo = i e By &8 B 100 o Br P 6o A 10) g2 B! o THERE SAFETY atineau atingau 00020, BY GEORGE T. HUGHES. =9 e ZOOR cZe30o e S322% & F SR - RELRFFE FE SEE 9 Open Until 5:30 P.M. Mon., Tues., & Wed., Jan. 31,Feb. 1 & 2 You Need Confidence —in yourself to get on in this world, and nothing else develops that faculty quicker than money in bank. qStart creating a finan- cial reserve now, while PAY DAY'S AT HAND, and you'll have a good hold on the ladder of success. = e = . ® ‘a0 =3 B NARS AL S Cmik T PACDR Dotk st > weoeSSes, £ 2 2233 FEEE PEEGPEE PSNTEE ST SR 5 BRI NSRS RS & FF oosoosovsToseeIoecoEE 4 100 o DAL 1 AR F DAY T TR 10 D 5 e 1 RSB 1S I IR S 28 8 I 5 B B »2 o R B R GO SE SRE et F-225ER0: 253355 2 F FE s B RS R R R e R SRR3R BN RS RS S SER RS 322R 2R ERERESERS B sooleTosnal FSF RE RPPER S 3233533353 The Tswo Elements AFETY and Income are the two cle- ments to be given most careful con« sideration by every cautious investor, The investor should be as cestain 28 possible that both principal and inserest will be paid promptly an the day due. Yield is next in importance. > 2450 B B RS TR DS ISH 9 otomac Ed SeE 06% orto Ric T Glps 80 ub Se N J 5i4x101 fhdl” O 68 A 9O rETy OFFICERS WILLIAM D. HOOVER, Presideut. WOODBURY BLAIR, 1st V. Pres. FRANK W. STONK, 2d'V. Pres. FRANK STETSON, Trust Officer. CHAS. C. LAMBORN, Treasurer. E. PERCIVAL WILSON, Secretary. FRANK K. ULLMER, Asst. Treus. BRUCE BAIRD, Asst. DAVID BORNET, Asst. Tr. Officer. = 21 GO oG ‘ss§1flc AREBELL T DL 8% 3 *: D Y E }‘g“f:: p :u% s e FOREIGN EXCHANGE. vy €85 bast Lo NEW YORK, January 29 ()— arner 8390 A0e Forelgn exchanges easy; quotations in {| This sixty-year-old bank offers you the advantage of its strength, prestige and complete facilities. LEXANDER J. FANT, Amt. by BOTELER, Asst. See. AVBLEY RV EIRAVAGE: Auditor. DIRECTOR! JAMES J. BECKER LAIR WDI[‘IY SLAIR vul.'mfic 4% EFHA T e POBEEURB4%e 3 Cundenama 7a A izing their profits effected by new interests in these 3 Ramsh Cog bise 16.5615; Greece, 1.32%: Poland, 11.75; ot 80 With the bonds. The bonds | former Hill roads, headed by Arthur| 67 Fres &t Pr 8% Czechoslovakla, 296, Jugosiavia, ocould not be borrowed for delivery | Curtiss James, copper operator, who §8¢r Con Mu Te 1.76%; Austria, 14.12%; Rumania, .5: and so thera had been no short sales|is the largest single shareholder. Be- Argentina, 41.25; Brazil, 11.93%: and so there were no buyers when | fore the plan can be effected it will Toklo, 48.81%; Shanghai, 66.25; Mon- extreme weakness developed. Of [have to be submitted for approval to treal, 99.84%. course, buyers for the bonds did even- | the Interstate Commerce Commission. | 8 tually appear, but they were very: Meantime, the Van Sweringens of | cautious and t vwould take only | Cleveland are getting ready their re-| 4 Mendozs 7ige wi mall lots. and these cnly at great ) vised program for unifying the Nickel S ey S concessions Flate, the Erle, the Pere Marquette, 1 Mant Medellin 7a y When nobody else was willing to|the Chesupeake and Ohlo and the | g Nontayidee 0. Ml Tt et L B enter the market on the buying side | Hocking Valley f b il s FEL Nearly & year ago 9 Perit 0 ivo o, . ' rce Ci | o /Grande 3 unchanged. Print cloths were quoted the “shorts” stepped into the breach,'the Interstate Commerce Commission | 1Bia ararde 7 T . bishos Ao TR T 3 i Ve ! Sanda Falls 88 A sssuming grest risk, and wero entitled | rejected the original Van Swerirgen| 1 £ : to mgf profits if they were suc-|proposal — not on transportation | 280 Dy ToouR axax-rhzs;1 el;uwfl::lskn were sluggish at cessful. This 1= the useful p that | grounds, but because of the proposed | x S M 1 63 unchangt p . speculation plavs in all markets. | financial set-up. Iess \‘“.“&v{;m Ehort selling forms a cushion for de- Seven vears after Congress rever ~<m| 11 St clintng prices and speculative buy. |ftself on rajlroad mergers the period | 'x‘::’:“:: " ing at times when the outlook the [of actual amalgamations at length S ‘ e «darkest exemplifies a kind of cour-|meems to be at hand. New and old ; Em E 4 “.A_ 4 Tni Ele, Same Rate of Interest Paid on Large and Small Accounts 2323332223233 = S850353000000 B 1x B s DRY GOODS UNCHANGED. NEW YORK, January 29 (Special). | ¢ 14 Miug Hill Mu Safe Deposit Boxes at Nominal Rentals National Savings & Trust Co. m Capital and Surplus, $3,000,000.00 Y Oldest Savings Institution in the District of Columbia ear Cor. 15th and New York Ave. FEEAS SRR B BARS GERMAN IRON DUMPING. An anti-dumping order against im- portation of German pig iron into this country was {ssued today by Secretary Mellon, % sege which the markets could i do matchmakers are active, trying to