Evening Star Newspaper, February 5, 1927, Page 11

FINANCIAL. THE EVENING STAR, WASHINGTON, D. €, SATURDAY, FEBRUARY 5 1927. FINANCIAL. v 5 Z Simeegeste BOND SALES GAIN. - | First. Mamtaam, Lo.,,,Lw.,w,d Mosey 3,“.,,&.":,".,,. bl WHEELING SHORTS || ~ew vork cure markeT | (COTTON ADVANCES | ovasiessam. MONEY' To LOAN ) FiL HeReRts Losns s fe e Recéived by Private ' Direc. to The Star Office e pome on Baltimore Exchange Factor. ' e IHREATEN T[] SUE et i g, R Yo , e _Fallowing is a list of bonds_and 5 e []N SHURT BGVERING sv;uu Dispatch o The Star. e e e ‘ rovidont Butit Lits “R,ka! traddd in on the New York| 1 Premier Gl 2 of :fifiz}‘;fl:‘g :573',.,“32 Rlich B Loan Bpach;hu Money to Loan Insurance Company Curb Market today. 2, d Silv Lead! . { e i 2 ¥ ! B e 1, Yo change during January were far|lff pessonable Charges. Quick Replios Pl el stiarapin Funds to Loan BT R Sales r S 1 0ni, Verde ru : 3 higher than in many months preced- IR el Mew' Warke Avic e Ay Bl T i In Small or Large Amounts 1t hundreds, STRHAE. Lw'’ Cloke o Utah Metals. | 12 5, but stock sales showed a decline in 43 e pterest and _commission. % Inability to.Convert Preferred ™ "s3 s war e 3o ' & 317,37 |[Farm Refief Encouragement | o .o e it e menth preced. g 'fi:,‘,f‘;f'fi“p.“‘,"gnmp;’ny WML H. SAGNDERS CO, fnc. Al PBort' " 20 West End K 3 ": ing. 733 Twelfth SL'N.W. Keuitors { and Premium Charges | :f di'ssp & ¢ 103% 103 104 |sales o INDEPENDENT OIL STOCKS. Is Factor in Trading Much of the activity in the bond ' Mo 355, 353, 103 K st AW Maio 10167 hundreds. department may be attributed to the F > 9y ' 3 Cvanam. 14 Am Con_ ounas o sales of V ngton, Baltimore and Irking Bears. | g &L B I 1AM Maracao © g B in Staple Today. Annapolis Electric Railway 5s, which [ — %N ¥ ~ b X were in strong demand during a large M " B the Asociated Pre a e L 3 : Am Oi) B’ \ T part of the month. o oney : NEW YORK, February 5.—Litiga- 3 A Sup 5 5 " q = 3 By the Associated Presa. Bonds sold amounted to $965,200, as Rion was threatened today by shorts a C i K 31 3 r h 1 . 23 3 NEW YORK, February ©5.—The|against $590,200 ln_ December. Stock } Y-IK.I I.v;-:erna:l:z‘, 'flm“”ml Who have lost several millions of dol-| % Ao Gas & 0% 4 76Cit Serv m. .- ULl : ; cotton market opened steady today ;‘;‘f;‘ e 6 o For Whor e foun. 4 [ fars on paper in a technical stock l%.u M\- (-m i101% 100 et _ 1 at an advance of 2 to § pointa on a |yt IR, 80, t (he, Tl mxed ||| We buy and sell municipal Ne‘ver MlJJ‘eJ‘- e 7 8 1 4 3 continuation of yesterday's buying |hands aggregated 16,896. non-taxable bonds fearket corner sald to be caused by the | 1§ Burne, it 2 Darby Pete vte! movement. There was some South- First mortzage guaranteed and NON- TAXABLE bonds and other Iavestment big railroads to gain control 4 3 3 i : : :lm‘ls of big railroads to gain co | ' 108 £ 4 Y 2 Gibson Oil Corp. 3 3 3 ern selling and realizing, but demand PLAN LARGE EXPENDIT' s, ||| TAXAE 4 a little one - . 0 %28 Gult Ofl of Pa 51 The Whe and Lake Erfe, a| T '.‘fl' : 3 Kirby Pet s, | continued active and by the end of . d road, and the New i a 4 50 Leonard Oil" the first hour active months were 11| NEW YORK, ‘ February 65 UP).— NCE every year t r sheds :f;xf“gff-fi(““ ped. sou SO ba-aé-4 S e ! Pot .... .6 to 13 points net higher, May selling [ Plans of the Allied Chemical and Dye Blnkefisond&llvemel‘cm, # vy he red deer sheds .ndants in s contemplated as a Cen, Aguirre Sug 101 1:-1 i 3 : . ; |at 14.04 and October at 14.45, or into ration for the development of an 734 Southern Building his antlers. ability of preferred stock- | ¥ =¥y | new high ground for the movement. nitrogen plant at Hopewall, Fesult of inability of y n pf wi ; Telephone Main 1596 Much of the buying was attributed . e expected to involve eventual Washlngmn D. C. holders. to exchange their holdings for | ent St E pid it Lhudag » e oo I e » srovided for by the com:- | fo covering by shorts, who still|e ure of 5, n the pro- 4 a o e oered te, B iNberice Dy NG AUCHOH of niirates. flqtn, Gasis on wy . And every six months an interest check pany’s charter. e e ? 4 o — = : «- prospects for farm relief legislation, [ tremendous scale. Chile has been the === is sent to holders of First Mortgage Notes | A meeting of the Wheeling & Lake P 7 ! e directors has been called for (umn:;mw » Ed 14 140 0 " 1 Pennok Oil Corp while there was, also fresh commis- | chief source of supply for American sion house buying and a moderate | farmers and manufacturers, who buy purchased through Swartzell, Rheem & onday to consider prescribing regu- ferFoster By | Y trade demand. annually about 1,200,000 tons of Fll‘st Mortgage Hensey Company. h ¢ Can CeN % wi $35 tions for the comversion of prior Cons G Balt n' 30 gait_ Cle Pr lien and_ preferred stocks into com- E"""" Zoud . Private cables reported trade call-| sodium nitrates. ing and covering' in Liverpool and |==—————r — Must Consult 1. C. C Punhen Jew |1 active business in cotton piece goods | ZZssmm—= i oans : G with Indie. FIRST DEED OF Prestdent Simmons of the stock ex &3 5 el o ; vt i P m‘.‘.‘.:v:fl “i‘:‘ :3};1 ?3;0“‘«’“‘:‘ | K A 3 Sales STANDARD OIL ISSUES. NEW,ORLEANS, February 5 (#).— TRUST NOTFS of the In- l B 8 P m units. Cotton prices continued to advance at O i » % 100 Anglo Am Of P 4 n_Hand l i 3 & 20% | the end of the first half hour of trad- " A ¢7 7 ; i 3 a ! Bearing 615 Per Cent and 7 5/ > 3 pL: ing today after showing an opening (, . . ’ to 3 points. Covering and Per Cent Interest 2 Our First Mortgages now yi¢ld 614 per ng brought prices back to In Amounts of $250.00 Up | 3 e upntrd ekt T s e et See WELCH, Realtor On Improved Property cent and are backcd by a record of fifty- In which 1 or 2 peints were lost. At 15th & New York A\u‘ M In 4346 seven ycars \Vlthout IOSS to an in\'fst()r, the highs, March was trading at 13.85, [q N loss to an investor in o May 1408 and July 1419, 14 to 18 b“'”‘“"‘ 18 l Construction Loans points ahove yesterday’s close. Liver = .. — at Minimum Rates 00l cables w v . = A o i e owe? oan e | e | Swartzell,Rheem & Hensey Co., NEW YORK MARKETS. 1 ~tasses of neame-produring gronerte || | If § . : Ban NEW YORK, February 5 (9 —Rye, Large Loans a Swecialty Glover E‘f Flather .Morijage hers quiet; No. 2 Western, 1.19%; New Current mt cate and mm-m T3T15th. Street, \.W.,, Washinglon,D.C. York and 117% cif. export. Barley, | | Highie & Richardson, Inc. | 1508 H St. N.W. steady: malting, 90a92 c.i.f. New York I ¥ Lard steddy; Middle West, 1 -90. Wb L A 57 Years Without Loss to An Investor Wheat futures opened stead o }Ll:‘m:\lle;‘;‘x:l:::&tl:;“ neglected. Other lst MOl’tgage Loans EARNINGS ARE SMALLER. : c NEW YORK, February 5 (#).—Sur- WICk Actlon plus of the New York State Railways o = for 1926 was $529,006, against $760,- Brodie and Colbert, lllF Investments S = FIRST M« e S The failure of the company to con- 138 in 1925. After deducting sinking|1702 Eye St. Main 10109 h S MORTGAGES o at i fund appropriations and preferred Safe wert the stock is sald to be due dividends: the. balance’ was ‘equal ol [ e oo e m e e o Dependable ck of ans, the company havil E S Al 3 20 ! " 3 ¢ , ‘x:n: n‘i;.,f\’-.’f\'"fu,\k (: x_‘.l:.\w:o for sur “ “E‘ R 4% 4;; &t X 048, 1% fig; ‘:hzh‘;:::nb:l):;:‘ommnn. against Ho [‘l‘ ! s g THE GROWTH Qanusl - OF DOLLARS rendered preferred. It is said that at 2 ¥ 1 £ b ,, * his Ll Return N0 time since the nt stocks were JBey Ohio Sec. 4 2 3 SR, irsued, in a reor; ation in 1:111-:. ec war.. 113 24 1 Galr R 1 % STEEL SCRAP LOWER. has there been any apparent likeli o ¥ ¢ , § 78 g0 i» 1 o1% | NEW YORK, February 5 UP).—Quo- HOME OWNERS 6! ‘o . Up w0 3200, 'lm;.m"“,;c V2 7 Dollars are like seeds. And, A 17 > 2 Morsoage, Invertint. Diopsitwme 2 like seeds, when cultivated prop- hood that holders of preferred would ¢ : 5 Ge 3 0018 tations for No. 1 heavy melting steel m 7 erly they grow to fruit. Your B T R O 1 3% Dead & Gminiie 't 7 71 190 7 100 * | serap are 25 cents a ton lower in the 713 Fourteenth Street dollars invested in our mon Pittsburgh district, ranging from Main 2345 6'2% FIRST MORTGAGES ) and 1 Nor dinr wewon § Pandem Ofl 1910 copimmitd e D Bion stock of the company, Curtia Pub pfid. o It never misses—it comes on the day it's due, without fail. & o FEE FEPNS Applications Invited at o Trust C th nt, that no common stock was | able for mn\cumn West Virgi 3 Rege P v reported to have pu 1,000 or 60,000 shares of Wheeli nd Lake Erie common, while the ew York Central's bankers also are \id to have acquired large holdings. efinite reason for the demand for "heeling and Lake Erie in the last few weeks has come to light. TIn be i l,wu c halt of the Baltimore and Ohio it is de- BLeh Vol Coutes = the Wheeling. | 1% Livbey Ow Sh Gl 1465 & ied ‘that dt se I [ 13 Libbey ow S ; : i Hamebr oy 0% Preferved ¥s Convertible. |l N ; : % Anso charter of the! 1 rie, its § per cent | onvertible into the | common at he option of tiie sharehol a re-for-share | Pasis [ AP e e SESE N Tt FRRFET FESEES 502 T DI D SRR SOS RO n SR DAk R o R FEEL 5 e S Preferred stockholders whe sold | ommon not alone suffered big losses \ when ‘frightened into covering, but (A 9 fliso have been forced to pay premiums g}:: g,rm\(r; .«113‘ vx"‘“’ % P16 IB.ON 10 ranging from $100 to $200 per 100 aleway . Stores. 233 3 o1 er” Paper 6 2 WEB. saares ‘each day-they remained short R 3B 5 RS AL 4] k‘ #8,.| NEW YORK, February 5 (P).—Pig of the“stock. As this payment was IS00 cal B BTy 24d Cong. e N"" 7'1"89‘ hm iron is 25 cents a ton lower in the el 9 Srock “Sshiage Sembers. » A m a%i 04w 128, 104 | Pittsburgh district. No. 2, foundry 2 of the exchange, it is X S 'nat‘ 4 grade, fanging from $18 to $18.60 & suits may be o S iy 10812 Aafgh eex uedl | fon. nstitution, .while actic 1# Stand Com Tob.. sainst the rfirdad would be bascd e E“P‘l"l"é‘u en the liability to mnke exchange. | e 8, 819 e Furniture L-n Procurement Cn. 1406 G St. N.W. Room 7 00000o0oooo0ooon aopopooooooono a o a a o $15,75 to $16.25. [m} bnyiu Illhnll! G = oo e, ) o o |2 [m] [y P FOREIGN BONDS. n l.h(munau aden 7 101% 101X 9 § ks B lltmrI Air 10 The New York Life h’." Com A Third —are seeds planted in the fertile Offers to Make ) of o soil of improved local realty. Century The constant care of this organi- First Murt%ge Loans : | Without o zation culti\{ates their .growtlx. Loss And the semi-annual fruit of full On Improved Real Estate m the District of Columbia and Nearby Suhurbs in Montgomery County, Md. 6% % interest is borne depend- for 3, 5 or 10 year terms on your : ably “in season.” P RGN - e e 5Y2% B. F. SAUL CO. Ravnarr H. m\mflm & COMPANY : > ol o p el Main 2100 925 15th St. N.W. 1321 Connecticut Avenue Telophone Main 9700 THERE IS' NO SUBSTITUTE FOR SAFETY o ) Have You “'"' Thime e 63 Trivs Lux. pic & Some men have to get stung good | 2 Trambull Stl . . and hard before they learn to be cau- |Im Biscuit B tious in making investments. Before ds B you invest—invescigate! iy S PRICES ON PARIS BOUB.SE PARIS, February. 5 (#).—Prices were fium on the Bot per cent rentes, 52 fran Exchange on London, 123 francs 37 centimes. Five per cent loan, 68 francs -10 -ceptimes. The dollar was quoted at 25 francs 44\, centimes. Sales EouT s in bundreds, {40 Ariz Globe © EEre & D \v.taf" A SR e e e g ERETES " o0 & PR <Eeon e soDmos B o3co0IDDoIRRSSITED o s ot B g o ous e e B nor S i S 22 S B c;:-:.-. it ) St ~ i -._«uau:x-:\om»»c Lo I i s T Ty £3-3533233R5RER32282 oy BEORRRE L PP CRRRESTRREE P g2 #E A 28 533 CERFE R R R et . s:uas:—o—azao’;z==9wv; S e e A 3ot @3 - BraSuoliae: £y BANKS IN GOOD SHAFE. OLYMPIA, W clal)—State offl ratifying condition of - Washington fonie, Tho report shows 255 State bariks and trust companies have total resources of more than $200,000,000, %fl"n{ or a gain of nearly $15,000,000 y " Vest “On el 208 Uot 8 W' 5,000 Shares THE DISTRICT NATIONAL SECURITIES CORPORATION 7% Cumulative Preferred Stock (Par Value $100 a Share) Dividends Payable Quarterly - = - January 1, April 1, July 1 and October 1~ .- Are offered to the public at par, redeemable at the option of the Corporation on any Dividend Period, after three years from date of issue, at $110.00 a share and accrued dividend. CAPITALIZATION 7% Cumulative Preferred Stock (Preferred as to Assets and Dividends) OFFICERS £ Roort N ‘Harper Bidvewind 0 o paa e s saL ade i, Lo 0D T 0001000 President. . s o To beiapriod At this MmniL 25, . 0i i msenoyrisesidiniish o inne 28b 500,000 Vice President Unissted” ~:.......: . T SO A T S TRRA VA o e RN SPTNIRL RN 800, e hresdent | Common Stock, 10,000 shares, without par value, held for the benefit of the Vice President stockholders of the District National Bnnk of Washington. Charles C. Rogers Tr ;:{!;art:fx.‘:flké;(l’:este(\; Directors of the corporation are the same as the directors of the District National Bank A arnars 3 93 ttorneys B. L. Colton Beoretry BUSINESS—This corporation is organized for the purpose of purchasing notes secured by o Dh"f'g';rfla Deeds of Trust on real estate, builders’ loans, underwritings and unch other legitimate finano- s;;'l:ey }: s ing as is authorized by the charter. & S oha Childrees More than fifty per cent of the preferred stock has been subscribed by stociholders of the Chas. W. Darr DISTRICT NATIONAL BANK, and the unsold portion is now offered to the public, lubject Joshua Evans, Jr. to allotment. Atwood M. Fislter C. J. Gockeler Stock allotted may be paid for in full or 26% upon request and 25% each month fluu- B after until fully paid. N s Application will be made to list the preferred stock on the Washington Stock Exchange, Marshall L. King Wharton E. (I;e‘;t?r % Robert Lee O’Brien Pl'l Wm. P. Lipscomb ce a oty (Interest at 7% to be allowed on all payments from date of payment) B. J. Murpby Hilleary L. Offutt, Jr, Charles C. Rogers Subscriptions Received at N. L. Sansbury Horace G. Smithy /T2 DISTRICT NATIONAL BANK OF WASHINGTON || § THE COMMERCIAL NATIONAL BANK Chester Wells 14060 Street Nom - - Sidney West : 1 : yurteenth and G Streets N. W. : Richard H. Wilmer AT R I Illjlllllflllllllllllllllllllllllllllll EEEFE At PR e e ooy % e A e T e e g . AR B e e D @3 SRESISS: S lnlllllllllllllll!llllIllllllllllIIIIIIIIIIIIIIIIIIIIIlllIIIIllllllllllllllllllllllIIIIIIIIIIlHlmlllIIIIllllllllllllIlIllIIlIImlllIIIIIIIIllllllllIIIIIIIIIIIIIIllIINIIIIIIIIIIIIIII[III"“ 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 This Stock is free of the District of Columbia intangible tax of & * tenths of one per cent, making it a net en per cent investment. 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 Authorized ............. $1,000,000 Unislied .. ..inv. o ianasmssonanon 500,000 $500,000 "‘ Common Stock, 10,000 shares, without par value, all owned by the stockholders of The Commercial Na- tional Bank of Washington, D. C., sold for. .$100,000 Y. N T T No bonded 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 arganized during the early part of 1926 and commenced operating about June, 1926. Its principal business is the making and selling of Deed of Trust loans secured by First and Second Trusts on improved ‘Real Estate located in the District of Columbia and the vxcinity. 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) Subscriptions Received at T e AT A * %nmmuu