Evening Star Newspaper, February 3, 1927, Page 15

THE EVENING STAR, WASHINGTON, D. €., THURSDAY, FEBRUARY 3, 1927 | : i HSH PI_EN"FU'_ NEW YORK CURRBR MARKET EPRIBES ARE STEA']Y TI\EE{:%A’T‘}?ER‘I;HT’\?;?{‘ New ‘ The New York Life Insurance Company Received by Private Wire Direcs to The Star Office say the steel indust: is gathering thn to Make strength and the price situation, ad l mittedly weak, is expected to grow & stronger as Spring demand manifests | o ! BY WILLIAM F. HEFFERNAN. |for bringing this company togethe itself. January shipments of most | b f F ‘t M t S IN MARKH I[]I]AY o e oy S DR R S & A tores irst Mortgage Loans t NEW YORK, February 3-—Opera Bk o i oma for the rise met with furiher suc. |FURhS Adding '\11‘.'“:'\“"”.]'131 boen in December, while February prom i |cess in today'a Curb Market dealinge, | KTER], O, TR Y E {E ey c & e S e upturn | 14 or Reut On Improved Real Estate m the District of Columbia S but improvement w by no means |SCNEREY e S orward | o som pi | 5 d Nearby Suburbs in Montgomery Count Md. | | Universal Pictures moved for ar vance ause an Nearhy h R Y, . Fresh Varieties Scarce, HOW- | general. 1t was shares of compantes |, Universal ductures moved Sr i y y Ty, Sulibe i MG ; [in which special developments Were |, o%yi (e Fort Lee plant of the ¢ C : noooooooor C | Surrounded by 72 ending or those which were though overing and Cables, But 0oooog | ever—Rock and Spanish | I E L eat o e markes |y bad bee e, “Dnite v 2 HOME FURNIFURE O | e Homes : s 51/2% b hat recorded the most noteworthy ad . D wiis ariother strol : S 5 Mackerel on Hand. R ,:u e s 15 wan ano : Reactions Follow. g O NS : 4th & T Sts. N. Apartment Business Property oA the oppe Hart Shil 1.2:.’:«:((-'1 = viou | ferred moved forward £ point Aving | By the Associated Press B Cars Pass the Door pnom excention of | " though realizing sales were e had : Sy = nd attempts and t aders of the Stand th eff e on the junior. shares on | NEW YORK, Febru V3 he co HOME owNERS Make early choice and have | oxpm . o early chioice and | Raxvpary H. TAGNER & C d group recorded good upturns. | (ho Stock Exchange. { ton market ned steady ioday at an PP s oo was true of Humble, Vacuum and High . bonds of the type of |advance of 8 to 7 points on continued | L _’“NO‘Z‘-I:“':"Y . et o MDR AGE LoAaN Gonansvonn:fl‘r i | 1321 Connecticut Avenue Telephone Main 9700 H. R. Howenstein Co. Standard of Indiana, while Indiana |ypited etric Serviee 7# continued | covering by shorts in the old crop erage. Ko red t e take 2nd 31 or 1311 H St NNV two var \ble quantities. was bid up to its best i food demand. - Warner Brothere' | months, additional buying brought in e I aat jontety s ha¥s ar. Wesson Ofl and Snow-| picyres 614s went to their top prices | by the relatively firm ruling of Liver-|[] logs kb b5 Te3 s purchased at higher prices |fo; the vear e demand for forelgn | pool and reports of a steady spot basis Ali money following the announcement that the |goliar bonds was not as pronounced, | in the South banking syndicate which had signed |pyt they held well up to their recent May sold up to 13.68 and October to rl..m“unl‘..ph-.(uumamct,. will |30 underwriting agreement for the | high prices. et | 1407 In early trading, net advance of [[] 1406Gse N.W. Reom 702 how- | Purchase of a block of the preferred | Some selling came into the market fabout 4 to 8 points, but Southern - = hows | and non had successfully disposed | for Aluminum Co. shares following | hedging and realizing caused reactions 0ooooooooooooo of the stock to present shareholders |the report that the company was plan- | of 5 or 6 points by the end of the first nd that there would be no public|ning to do new neing next week | hour » pe on har ffering involving $60,000,000 of bonds. It is Private cables sald the Liverpool T S p Juding butter 1re air exy Oooocoooo supply of fresn fish | y le stands © | . (AL the wholesal atands in ¢ i’ | Rand Kardex continued in active de- | expected part of the funds will Je | market liad been Infiuenced by trads . ” Market there was no marked VA mand at somewhat higher prices. In |used to call the debenture 7s of 1933, | calling together with buying by Man: B P N fon in prices today connection with renewed strength in |of which about $15,000,000 are out- | chester and the continent, and there usiness restlge . . A Today’s Wholesale Prices. this issue it is understood that plans ' standing. had been encouraging sales of cotton { Standing at a bank, such cloths to Egypt. , ; g 1 ¢ . Niw Ofleaiin Masiiet as this, reverts not a little =l Al | Foundation stocks traded in on the New York | Seow s R - esh, selected Juch Matket today 1A00.Gal Six o1l 2. . A8 NEW ORLEANS, February 3 ().— to your prestige in busi- current receipts ¢ 0! ! # 1 -ospect o Vi i Alive, turkeys : Sales in INDUSTRIALS sifQ P 3 Prospects for early action at Wash ness circles. £ a | hundred: 3 » | 8100 Imp g 4 4078 | ington on the farm relief bills helped : o it i 1 A ¢ 1700 Inter Pet S & | the steady tone In the cotton market { Generations of Wash 9. passt today and first trades showed gains of ington’s successful men i ’ 2 to 4 points. A further advance after of affairs have made the inancial soundness is partciularly de- the opening traded March at 13.42, 5 ¢ E pendent upon the safe investment of May, 13.61, and July, 13.77, or 4 to & Metropolitan their bank- | the major part of your surplus. For it old, 50; ducks t Ei'F 2 ¢ 0 Swan & Finch. . points above yesterday’s close. By the ing home. is only from secure investments that ;i sttt e DA MsUnALNouL e TR O72ELII1 728777777777 F77 777877177747 K00 E7711E 744 OLDEST 1 you can reap a known income. s, 33035 C r sk Sy ; ] ales in had lost 2 points of the early highs. $ 15a17; v 2Am Ga [ Jeands. BONDS . i e ?“"'m':"’,""" Such an_investment is our FIRST n c 61 sroke hanis, AR Haton Frod e TSR T National ot Columbi: [ ) MORTGAGE NOTES. e The fact that the improved real estate 3% B d.ld on securing_each one is located in the Fresh, 1-pound pr 54 atore Pacie Following s a list of bonds and The permanency of everything de- pends upon the strength of its founda- tion, voun s, 45246 pons, fancy fowls, oo S2ETE Saaz: Fre Kansas ALFORD IS OPTIMISTIC. Nash Motors Head Well Pleased With Outlook in Industry. Special Dispatch to The Star. BALTIMORE, February 3.—W. II Alford, vice president of the Nash Mo- tors Co., in Baltimore to attend the annual meeting of stockholders here, because the company operates under 4 39 choice, 14al5: 1 1cpfa, 4 3 8 G Am Roll Mill 681035 1. Wit P wi 8Am Thread C 6a 1017 i i) 30 14m WD s n wi 38 Frui ‘egetable Review 3 T 13 Anaconda 68 A.. 102 & Fruit and Vegetal 2 aly Corp ::‘x Pow ba 96 ] 2ESECESRCIZRIZEES ZSERESE PEPELSRLIE EE SRS os: 20. Capital City of the U. S. doubly insures Metl'op()litall avings Accounts : their safety. Established B k L8 1814 ank s 15th St. Opp. U. S. Treasury SE-RSR52ES Today's market report on frultsand 3 Barnedali Cuarrcs 00 00 5 compiled by Ms 1 Bendix Cor " oAt Froit ‘8s..0 1 e reau of Agricultural 3Bril) Cor A SEtiven of Agricy 1 Brill Cor B .. 5 4 i Boston & Mo 0 says S Coment.. Supplies liberal: demand an' Marconi W.. 4 market steady, few sales: Aguirre Suk. 7 L et Se 970 rk, A 21z-inch Rhode e 128t ol vt 7 3 01 Sery oo ity and con 3 Fip, Cor". X 1Git Serv 78 D! a Maryland charter, is well pleased dition. 5.00; a, No. 1, Black Gomman 0 bal Term Bld 0 over the outlook for the industry. Twigs, 2 air quality, Common B n pf 3 Eone Bub Brs A 195" “Our January sales,” he said, “were 2.00. boxes, hington, medium to soon o ¥ nulwi ne Tex 8s. .. s larger than in the corresponding » Jarge size extra fancy \\'ir}emvs.r;.’..’lsp oo e o 8 _ |month in 1926, and I anll nmmd;m ®3.00; mostly 2.75; extra fancy Deli- Curtia® Pub. . . ud e 1% | that business for the full year : B c g Tious. some ripe, 3.50a4.00; best most- Curtis Pub. ptd; Dt Oty GG AL * 1% | be ahead of the 1926 volume, Which, it ) FIRST MORTGAGES et City G bs 4 Y will be recalled, set a record for all De For R C vic time. Our schedule calls for a larger Iy 2.75a4.00; bushel baskets, no sales 3% Doy e reported Doehler Die C ¢ tput this yeai d I have not the , o - an v ;r‘;xgu‘tluum 1i1atxd"«mand will equal our Never MlJJeJ! ™ Stackholders re-elected the retiring NOT ALWAYS THE Cabbage—Supplies liberal; demand 113 Dominion St Ltd members of the board. HIGHEST BIDDER Gogdrear TaR bo 0 S5 ... 1915 1 17, wi FEPELPIPTSSFERE 2 T 22207 ¥ CRENEEY wECtaesore! Dt e SRS - 2 RS P S wsaDie b Dot EEERTEE Texas, barrel crates, approximately 3EI R & 100-pound net, round type, 2.75a3.00; . a;‘nfw‘szA- , per ton, round type, 50.00; ‘ageo] Mot Co. . Louisiana, barrel crates, approximate- 2o Sug Co. Iy 100 pounds net round type, 3.00; R Pk 4 - old stock, New York, sacked, per cwt., fim inspee 3 Danish type, 1.25aL°0 poa | WA Celery - Supplies Tberal; demand R ) Yght, market s weaker; Cali ‘reshman Chas. . fornia, crates, 4. few o ¥lorida, 10-inch er Gen Bk 3.00. Ser Lettuce—Suppies liberal: demand 5 ek moderate, market fairly steady; Call- leason Prod ¢ fornia, crates ITceberg type. 4 dozen, it mostly 3.50; 5 dozen, 3.00a3.25: Ari- a zona, crates Trete~g type, b dozen, R 2.650a3.00: Flort 1v%-bushel hampers 1 Hipbiness F Biz Boston type, 2.00a2.95, few 2.50. JHint o A Onion Market Steady. 4 Tt "Coner 1 Onions — Supplirs demand %ot Sl Mght, market eteady: Michigan, 100- LR pound sacks veliows, S. No. 1,! 3 JohneManv pfd. 1 Jarge size, 350 Indiana and Ohio, ¥ [oh Coal & Nav.1 100-pound sacks vellows, U. 8. No. 1, iLeh Vol € ofa’ medium size. 800a2.25. mostly 3.00. % Leh Val C Sales Potatoes—Surplies liberal; demand b Owens Sh_GI1 moderate. market fairly steady: Michi. e St e gan, 150-pound sacks Russet Rurals, Marmon Mot ... U. S. No. 1, 4.00a4.25, mostly 4.2 17 HSSS Y iad B Maine, 150-pound sacks Green Moun: 1 Mengel Box " "+ tains. 4.50; 120-pound sacks, 3.50a3.75. 1 Mercantile St C. 3 Spinach—Supplies liberal; demand gy,gg went Ul . 1 moderate. market slightly weaker; 2 id w ot pid. 1 South Carolina, cloth-top barrels ) Savoy type, 2.75a3.00; Texas, bushel baskets Savoy type, 1.00a1.15, few 1.25, Strawberries—Supplies light; de- mand good and market firm for good ow 07l B stock; TFlorida, pony refrigerators, 5 Nor States Missionarys, ordinary to fair condi: & North 3 tion, §0a65 per quart. String beans—Supplies light; de- mand moderate, market steady b # ¥lorida, %-bushel hampers, green,| gi heoo & gamh! good condition, 6.00a6.50. % Real Assn Bklyn Peppers—Supplies very light; de- 4 Remington Arms mand moderate, market steady; Cuba, | 1} B, Yot o pepper crates, fancy, 6.00a6.50. 1 Rickenback Egggplant—Supplies very light: de- 3 Bio Tin Ltd.... mand moderate, market steady; Cuba,| % gafeway Stores. . Pepper crates, fancy, 6.0026.50. 20800 P & L n.ox Squash—Supplies 'very light; de- 3Sou P & L p ptd mand moderate, market steady: Cuba, 1800 B & F pepper crates, fancy, 5.00a5.50. 14 Southw “Bell Cucumbers—Supplies light; demand| 4 Sthw P & L nid moderate, market stead: 14 3¢ o, Riky Mo square bu;nelx] crates, fancy, 6.50a7.00: 351 Pow & L. nols, hothouse, 2-dozen_ cartons, 14 Sthge’ fancy, 2.25: extra fancy, £.50; No. 1. Swin Mot 2.00 per dozen. Tampa El n o1 Timken Axie. Gen Motors 6s wi 1 Gen Pet g8 ... 1 s SocoroTe: 3 i =3 g 2 Durant Mot i PRICES ON PARIS BOURSE. NCE every year the red deer sheds Jght. mar! lightly weaker; new . S 81083 5| PARIS, February 3 (#).—Prices his antlers. stock Florida, 1%¢-bushel hampers & pointed type, 1.50a1.65; mostly 1 50 e b ol % | were irregular on :he Bourse today Do not sell your investment 8 Hood Rub 5 98 1 Three per cent rentes, (3 francs 7 % - . . 11 Tnd Liniestone o5 D8% 8 X5 | centimes; exchange on London, 123 4 funds to the security that bids &G Ohe102iy 5" | francs 75 centimes; 5 per cent loan, 69 i a 4 int Gr Nor 53 B o0 §2 | francs 20 centimes. The dollar was highest interest—merely be- T Paper Us.. 08 8 ¢ quoted at 25 francs 42 centimes. % 4 Z . . & 5 Tine ek G 210 108 4 S e b4 cause it does bid highest inter- high Pow 68 A 977 7% . . . W real est 75 100 it PORT TRADE GROWS. est. Principal safety is para- PHILADELPHIA, Pa., February 3 i (Special)—The port of Philadelphia mount. In our showed a gain of 132 vessels moving in and out during January, as com- i —] v it I e s A Third 6Y% FIRST MORTGAGES ! It never misses—it comes on the day it's gain gross tonnage was 292,044. The due, without fail. total movement of vessels was 937, of e S Doner DB Century —your funds are protected by Money to Loan i . ¢ 5 3 A smm'n_,"&,..l:',:fi.?, S g Without @ safe, assuredly desirable real es Jos;;‘-l eller ‘,‘?’ Loss tate. And you can depend on . their interest payment. B In Amounts of $250 and up Swartzell, Rheem &Hensey Co.,, 98°C'N ¥ Gis. 1088 1081 1083 £ Mortgage Bankers - 1SS AT A Members New York Stock B. F. SAUL €O T — 1 Te: % 4 0817 | | . . Ezchay e Main 2100 925 15th St. N.\W. 57 Years Without Loss to An Investor COP g e And every six months an interest check is sent to holders of First Mortgage Notes purchased through Swartzell, Rheem & Hensey Company. ., o ) o o o B0 2 P I ATNNE B 23V T DI A D DD DD (5 PRI -5 ~00: . S EPRAR ot P R Rt pr BEGREE m P P 2o o =5 # 3 OISR MADA D b C19:) _ Bim. Bre e Qur First Mortgages now yield 614 per cent and are backed by a record of fifty~ seven years without loss to an investor. 19310 RN D R %8 B 3 S0 e r 5D S L1 B PERR B ORRERRRE SARRR =g Successors to JOHN L. EDWARDS & COMPANY THERE IS NO SUBSTITUTE, FOR SAFETY 2 PR e R ae i oo 25350 S22 FEERE i 1 » A copy of our Fortnightly 1 P 6l4s. | Bl uaapay FOREIGN BOND i T i in thousands. 1416 H Street 5,000 Shares THE COMMERCIAL NATIONAL COMPANY, INC. 7% Cumulative Preferred Stock (Par Value $100 a Share) Dividends Payable Quarterly January 1, April 1, July 1 and October 1 R R & i e 85 s Ramiauomiacs & B R A o e o = 85 S S e - B A G AN 8 RS R S R AL SRR S SR 2 R 2 PR PSR P ey R g 52 Broadway, New York Richmend, Va. S5 S 1vaes PR SRR Sniona: # RR ree S RREFPRE & T SERESS: H M&S_7s ‘41 ManMa&S Tawiww B Ming M B o e 31 Montecantine. Bonds and Stocks of S b Proven Merit Pl SOOI E The individual ot NDS. investor will find in our carefully selected list a diversity of high-grade se- curities. Y. E. BOOKER & CO. INVESTMENT BANKERS 1508 H St. N.W. Are You a Sucker? Too many people put their money day dreams and wake up broke, Never put your name on the dotted line unti. you have inquired of some o3 in your bank what he knows ebout some stock issue that is of- fered to you privately, RS FESES FIFEES & R poS .. ot P RO fet et Ef et PR et P 4 FRE SRR GENERAL RAILWAY SIGNAL. NEW YORK, February 3 (#).—New . husiness of General 'Railway Signal b Jest Md lst pf.. Co. in January was the largest forany | 3 wemoosr b month in its history Bookings in- 8 White Sew M cluded automatic blo signals on 647 | Sales in suiles of road, and train-control equip- | bundreds. MINING STOCKS. ment for nine engine divisions, cover- E &M Tag 08 ing 1,338 miles of road. s ey ’E”J":;m\- 16 Cons Cop " Mines ortez Silver... PP 7 % 20 TREASURY CERTIFICATES. 30 Divide” Extens. . 08 ° 08" of - P L itin 3 : NEW YORK PRODUCE. We Specialize in ic 0 Golaen State., Securities of 3a June 15" 1 kel | 88Ky Copmer Gor.: ‘ NEW YORK, February 3 (Special). Washexgton Cor- 505 S0 Ns. gt anno 1Kerr Take.... —California Iceberg type lettuce, pack- sordsions. Py e, e 20 ed in crates of 3 and 48 heads, sold Members J Zinc.. .. 188 5 515 | at $1.50 to $2.50, principally $2 to $2.25. ‘Washington Stock Exchange SHORT-TERM SECURITIES. it 4 Florida big. Boston vaglets. 1n e Direct. Wiro to New York (Reported by J. & W. Seligman & Co.) 1 North Butte, " 3% "y | pers of about 30 and 36 heads, realized 10 Pt o M. 13 a3 |only 50 cents to $1. State old crop Alum,_Co. of Amer. 7s 1 5 : 13 e aeC N 3 i | cabbage sold at $18 to $22 per ton. Re- Am. el & Tel Co. 4519 % 128 g Aock pety ceipts of State barreled apples were Amer. Thiead Co. 68 1928.. K° 3 ®Uni Verde Ext. limited. The best grade A 2%-inch Anaconda, Copper 6 “l" . ¥ lgiv;!:rzk”}‘dr:!:,l; .. Rhode Island Greenings jobbed out at Fislos | : ; a0 wenden Cop::: . : 1" 1 $4.50 to $4.76 per barrel. Offgrade sold NEw “Co. Canada. i 20 Weat End Ext 3 03 |down to $3.50. Baldwins of the same By esisinal A grade and size brought $3 ot $3.50. N Western New York yellow onlons were 8 Am Con Oflfids. 1% not attractive enough in quality to bo ¢ exceed $2.75 per 00-pound sack. In- diana offerings commanded as high as $3.25. Long Island Green Mountain potatoes, in bulk, peddled out at $5.75 to $6 per 180 pounds. Upstate round white realized only $4 to $4.25 for the 4th & T Sts. NE. Polato Planters Cars Pass the Door Jon o1 _ Warned to Slow Up; P . #%..| Big Crop Forecast|| Store and Flat nt " Prod Bradford 0.5+ By the Associated Press 100 CHICAGO, February 3.— New iy - i + » | official cautions against excessive FOREIGN EXCHANGE. i RthieFomes Gil: 143 133 131 | speeding are out. A bulletin from Surrounded by 72 (Quotations turnished by W. K. Hivhs & Co.) 10 Royal Con O & R B Tin Ceomtument Buredi ot Ak it o 03,1 B Hiove & Co.y 1 Bgan Con - g i3 | cultural Economics today warns New Homes onton. vound. .. TOSe man b 1 Balp Gk Coms. .. potato planters not to be speed Montreal doll & 3 1 Savoy Oil ... . 5 demons. TE R Suaes 0 2y o Reports fromm: many sdotions, the INSPECT TONIGHT russels - 3 o 3 3 bulletin says, indicate a possible ome. lira. ...\ - _ :;ig\«r-n"wrn“og”nh 1} % | increase of 13 per cent in the 1927 WENSTEIN ich, franci il o3 Venemnatan ot potato acreage. Such a speeding H. R. H0 Co_ 27 Peru s A D s AR D SrH Redeemable at the Option of the Company, On Any Dividend Date, After Three Years From Date of Issue, At $107.00 a Share and Accrued Dividend CAPITALIZATION 7% Cumulative Preferred Stock (Preferred as to Assets and Dividends) Outstanding M S DD B ENE et ey St Sva BARRRIRR3E ic S555eroenso038um 2 o A N PR o iy S22REEITIINBIBEET3S EE LEs Authorized ............0. oo ueeees s« $1,000,000 Common Stock, 10,000 shares, without par value, all owned by the stockholders of The Commercial N tional Bank of Washington, D. C., sold for. .$100,000 g No Londed indebtedness. The Commercial National Company, Inc., is controlled by the stockholders of The Commercial National Bank of Washington, and the Officers and Directors of the Bank are also the Officers and Directors of the Commercial National Company. The Commercial National Company was organized during the early part of 1926 and commenced operating about June, 1926. Its principal business is the making and 'sellmg of Deed of Trust loans secured by First and Second Trusts on improved Real Estate located in the District of Columbia and the vicinity. A large volume of business has been transacted during the seven months the Company has been in business. ; A large amount of this stock has already been subscribed for by the stockholders of The Commercial National Bank, and the unsold portion is now offered to the public, subject to allotment. Stock allotted may be paid for in full or in monthly instalments of $10.00 or more a month a share. Application will be made to list on the Washington Stock Exchange. Price $100 a Share (Interest at 7% to be allowed on all payments from date of payment) ot Georgia 6s 1 Mil. & St. Paul Gy ie Copper conv: 6 1t ity of Lyon Columbia G, & ontinental G. & ral Petro, Cor dvear T. & R. 5 Feal Northern 7s Hershey Choc. Co. Bigs 1940 vle Oil 538 1 5 Gag Co."5 brake Tat 2 A 2 2 yones e SoE2upmben 2585 a0 FEFPR IS PR LS S ' wous S 31 D m B SR Sl FIRFTES oz S E2RIez=3352235: RF 2 Darby Pete. . Darby Pete Y Gibson Ol Cor. . Guif 0il of Pa.. Gillird 0 vic ¥ 1 I o =3 NS T 5 190 s wo > gD a0 wift & Co. bs 191 "pion Gil of Calif Uhlon Pac. R.'R. ¢ Tnited L. G 8 TS Rt Subscriptions Received at i THE COMMERCIAL NATIONAL BANK Fourteenth and G Streets N. W. TV ORs . 5 % | may result in a 400,000,000-bushel | 1311 H St. NW. ¥ o o ) . DA ‘“”‘,fl;:r‘lb, : crop and abnorm - ' il m i il | mm“mmmm'mmm ) Copeubagen "crowa. ., 3 fi m % 2 4 L i