Evening Star Newspaper, February 18, 1927, Page 15

FIN NEW YORK CURB MARKET Received by Private Wire Direcy to The Star Office BY WILLIAM F. HEFFERNAN. NEW YORK, February outstanding teature on Exchange today panies where were thought the C special to be impending. number of these were carried «sharply but they faild to buyihig in the main body of stocks Pittsburgh and Lake Erie gener: “urb was shares of com- developments | A demand up influence s ally York Central | 18.—The | be offered ANCIAL. | additional shares of class "B are to at $175 a share although the offering does not constitute new financing. Ford Motor of Canada was another hgihpriced issne that continued in At one stage the gain ex | tended 1o 10 points. Richmond Radia- [ tor issues were influenced by the recent publication of a highly favor- | able earnings statement tor 1926. The upward movement in Bancitaly shares THE EVENING STUART P. WEST DIES; FINANCIAL EXPERT Wrote New York Stock Exchange Dispatches for Star—Had Been Married Week. Special Dispatch to The Star. NEW YORK, February 18.—Stuart P. West, noted financial writer, whose Wall Street dispatches and reviews had heen known throughout the coun- STAR COTTON ADVANGES INTODAY'S TRADING Prices Hold Steady When Selling Starts After Rise. Liverpool Prices Firm. WASHINGTON. Money to Loan [ Secured by first deed ot "ull on real estate. vaiing ‘interest an: mi | “"I 'nlh Joseph I. Weller 423 Wb St tet s estrrrrsersstess 6 /2% CONSULT US —for safe inyestment of First w.uuzvm. Tinds. Look | Mortgage Tha' fatire by invest- ing " Noi 1 Wm. H. anllmlern Co. | et 1887 1433 K s | Notes e reton D: € \THALER LINOTYPE CO. February 15. 1927, r} o |:nd"" 5 idend of 25 centa upon ach of the of $1.25 and an || , D. C., FRIDAY, FEBRUARY 18 Mortgage Money Loaned at 5% to 6% Economic_Conditions Tyler & Rutherford Loan Correspondsnt Mutual Benefit Life 1520 K Slreet Main 475 _ WE FINANCE —all classes of income-producing Large Loann a Specialty Current int. rate and commission LOW RATE MORTGAGES —on Residences —on Business Property -—on Apartments For desirable properties, and con- struction, our First Mortgage loan service is prompt and helpful. thought to he a New proposition. was caryjed forward un- der a renewed demagd, the market fer this stock taking {ts cue from the excited speculation in railway shares on the stock exchange. International Silver responded read fly once the demand got under way above 116, the price compared with the previous final of N2. Tubize Artificial Silk shares were influenced by reports of hardening tendency of prices in the goods trade. It was |shares and at one stage the gain.ex announced that a limited number of | tended to 2 pn!nu at 61. Higbie & Richardson, Inc. 816 15th St. N.W. LOANS We will gladly receive and give prompt attention to applications for Loans on Washington Real Estate Current rates of inter- est. Should you have Money to Invest —we can also take care of you. Our experience, ex- tending over a period of Thirty-five Years —insures your protection. Percy H. Russell Co. 926 15th St. N.W. was finally checked although it was evident that offerings represented nothing more than profit-taking fol lowing the recent sharp improvement United States Distributing issues came in for considerable attention ay | rising prices although there was nothing that was r already known | to account for the strength. /The pool back of the market for General Bak- ing got busy with the class “A" try for a genera 000 shares ‘of presant oilictanding stock tion, dled at his no parxalue of Mergenthater, Linotyue home here today e al after a brief ill ord (s they " app [ness. Death was due to tuberculo. sis of the iungs, although the dis- ense was not diag By the Associated Press Low rate of interest NEW YORK, February 18.—The cotton market opened steady today at | an advance of 2 o 6 points and show- | | ed net gains of 7 to 8 points in early trading on a flurry of covering and huying, which appeared to be based Shae e o S on’ the continued firmness of Liver- pool and the passage of the farm bill the end. Less than 4 v the House vesterday. Thers was two weeks ago Mr. considerable realizing, however, which West wa: writing held the advance in chack around 14.15 of the markets, for May and 14.59 for October at the with no suspicion end of the first hour. that his days were Private cables reporetd trade call numbered. ing, with continental and Bombay With Mr. West buving in the Liverpool market, and substantial sales of cotton cloths for shipment to India. The volume of husiness tapered off after the first half hour. Trading later wag largely in the way of switch- | ing from March to later months, with March longs evidently transferring their commitments to May er July in preparation for March notices ex pected next week. Spot houses were ers of .March against sales of ke fellyexies iHome er, arti ilS trading was very quiet, prices held steady. At midday May was selling around 14.12 and October, 14 about 4 or 5 points net higher. . POULTRY MARKET WEAK. CHICAGO, February 18 (#).—Poul- |~ —————= Your Money Earns financial markets, and lecturing from |fowls, 22a25; Springe. 27 time to time on economie -~nbjects. roosters ducks, 20532 leven years ago Mr. West hecame | = —when invested in the preferred stock of this corporation. ba paid on March 31 ‘Soekholders o, the close of busin | Fhe G anater hooks mn o and commission B. F. SAUL CO. Main 2100 925 15th St. N.W. T Real Estate Financed Business and Residential Loans on 2nd and 3rd Ayusts. Reasonable rates. Im mediata action PEOPLES FINANCE CO. 1 Am Seating Bs. . 103% 1010 Vermont Ave., Rm. 508. Matn 2008 4 Am Theead C 6< 10 25 1 AMWnP 6 of bonds and Following is a list the New York stocks traded in on Curb Market today. ‘fln in undreds. DooooooO00oonog D HOME FURNITURE ‘LOANS HOME OWNERS Up to 3200. withip one day it yon are buvifis gour home. 6% Taterest and Brok” o We take 2nd. 3rd or pers you have o't own. your n wi (DUSTRIALS IRDCRISIY S, was his bride of a week, who Mrs. Loren STUART P. WEST, Oldham _Crenshaw of | Crestwood. N. Y., and his sister, Mrs, Henry A. Cook of Providence, R. 1 Last Friday, when it was realized tha his illness was eritieal, Mrs. Crenshaw was sent for and the wedding cere- mony was performed at the bedside. Stuart P. West was 50 vears old December 18 last. e graduated from Harvard in the class of 1897, having specialized in economics, and as a memher of the H;r\ard] Economic Seminary. After leaving | the university, he joined the staff of | the New York Commer ver (later the New York Globe), and for the remainder of his life devoted him- self to writing daily newspaper ar. €8 3 AR Qi Har 6138 A0 YTt R 2 Beacon Oil 8s Bell T Can hs A ) Fston Can G_Be. 10 < & Gt Sou [ <umn ptd Arch 1 A m Hammcm & Company TRINITY BUILDING, 111 Broadway, NEW YORK m Gan B m Hawanan S5 o At Al A Al A A A A Am " 13tz 2 .mh::@.-r m Rollink M. - Am Seat vie... farniture. All money repaid small e ithiy 8. Franklin llw " Real Extate Small Loan Co. O oo Procurement Ca. | El 1406 G St. N. W, 702 ooooQooooooooo Pa Co~6a- Ciban el § %8 Al Cudahy 7B ora wi o Gae & El.. an MEMBERS NEW YORK STOCCK EXCHANGE PEFSEE S8 DDDDDDD[}”!TJDDD TRANSACT A GENERAL BROKERAGE AND STOCK EXCHANGE BUSINESS a member of the financial staff of | the Consolidated Press Assaciation, through which his dispatches were re- ceived by The Star. In preparation | for the work he did, he had a back- ground of profound and. intimate knowledge of the American financial situation in its most eventful perfos beginning with the Spanish War. Mr. West, who was born in Provi was the son of the late George West and Helen Pullman, a sister of George M. Pullman, founder of the Pullman €o, le was a mem- ber of the University Club,’ Cold stream Country Club, Milton Point | Club, Catholic Club of New York and | president of the Catholic Convert League of New York. | The funeral will be held at his| late regidence, 1049 Park avenue, on| Monday, with a requiem mass at 10| o'clock at the Church of St. Ignatius Loyola. NEW YORK MARKETS. NEW YORK, February 18 (#).—Rve firm: No. 2 “'QF!EPYL 1.183% f.o.b. New York, and 1.163 f ley fir York. CGN Coneal & Consol Laund. .. & Curties Aero M. 1Davies WA 3 De For R C 5 DFRC vic cfs den 4 Rixon Crycibie Durant “Mot. ... mua..., Edia B-& sh ptd B & sh Invest inc ‘n.b'-:m._m-»:fi WASHINGTON: OFFICE 729 15th StreetNW. Telephone: Maim2603 0dd Lots Carried on Buck & Company —BROKERS— Established 1916 312 Evans Building 1420 N. Y. Ave. N.W. Tel. Franklin 7300 3 RRZRSIIZT3T32 Shs) TSP 5230590330050 330 50! EEErErEEt 28 :3: z 2 3 Fed Pureh A ea Purch B 2. 5 4 5 & 205D oo n\mudtmn ¥ HHN The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate m the District of Columbia and Nearby Suburbs in Montgomery County, Md., for 3, 5 or 10 ‘year terms on your 51/2% Apply RaNDary H. FAGNER & COMPANY MIORTGAGE LoAN GORRESPONDEN® 1321 Connecticut Avenue Telephone Main 9700 Direct Private Wires to New York a9 e st oparis RE is an Investment-Savings Plan that answers the insistent demand of the person of small means to receive adequate return on a sound in- vestment. Each share nv Preferred Stock pavs you full 8% per annum, in 2% quarterly Dividends. You need not pay the purchase price of $25 per share in full at the time of your purchase of stock. Our extended ‘payment plan combines conven- jence with the established earning worth of your investment. Full 8% interest is paid on your deposit from the day that each multiple of $25 is completed. You are offered the absolute protection of de- finitely desirable real estate mortgages on properties carefully appraised for your sccurity. You are offered the unusual nm\mmm(\ of re- deeming vour stock at any time after one year’s ownership. § Guilette S R.. 1Gobel A0l 1 Gooayear EP’ 51, hila’ Rap "rr 8s Porto Ric Tob fs Continental Trust Co. 14th and H Streets Capital $1,000,000.00 £ ¥ o S Office Building Business Property Home Apartment . maltings, 88 _Buckwheat Checking Accounts Savings Accounts Time Deposits Foreign Exchange Commercial Credits Travelers’ Credits Travelers’ Cheques Acceptance Credits Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets Capital $1,000,000.00 Japanese, § Lard strong: Middle 12/80a12.90. Wheat futures opened steady; domes- tic May, 1.44 $ieh val € i itz ine war 108 spwi pat #q r.‘ Be & 1. FYNS L 141 107 % il SEARE iw 10 West Pow 51, FOREI! CHICAGO, February toes—Rectipts, 80 cars; total U. 8. shipmen*s, eral; demand and trading ket firm on russets and dnll on round Wisconsin _sacked round 1.95a2.00; bulk .00 Idaho tacked ' russets mostly around 2.75. ales B Lousande’ & Buenos A A Buenos Air 7 10 Batavia Pet 4 10 Bolivia 7s wi Equitable Co-Operative Building Ass’n JOHN JOY EDSON, President WALTER PR. , Secretary saets Oranized 183 4ith YEAR couh.rrnn Surplus 406,495.76 Snbunpholu for the Ban Issue of Stock BQIII[ Rer.uved Start Today Saving Systematically Whether you are saving for a house or to complete your children’s education, vou'll find the Equi- table's systematic saving plan a valu- able aid to accumu- late money. Write or Phone for Leaflet— “More Per Cent and More Per Dollar” THE FINANCE AND INVESTMENT CORPORATIO Main 2455 Clarence C. Weidemann, Secretary " Money Available For. First Deed of Trust | LOANS Reasonable Interest and Commision Prompt Replies to Appli JAMES F. SHEA 643 Louisiana Ave. N.W. Store. #13 odge Cor. 121 T ontecatini M M Mor Bk Chile #s. . Mor Bd Den 6s 12 Mum Medellin & i Medellin ons 927 15th St. N.W. Philip Herman, President ¥ Rickenhack ‘3ot Boral Hak Pow Stores 2. Just a small por- tion of your salary deposited regularly will in time grow to a substantial sum. Start now and stick e e e e e e e Bl e e e e e A R R e SR R R R R AR R AR | 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 L 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) To b ionund ok 1D VIS, . c o oo cocviminnrnsinsnvavenssssessni 500,000 -Unissued 500,000 Common Stock, 10,000 shares, without par value, held for the benefit of the stockholders of the District National Bank of Washington. : Directors of the corporation are the same as the directors of the District National Bank L Eanlh' ‘Bail_ptd. Stand Com Toh EMPLOYMENT DECREASES JACKSON, Miss., February cial).—~Employment of 'labor i.iffli creased in the last 30 days in Missis- «ippl, according to the survey of the Department of Labor. This has been due to reduced huilding construction and to decreased schedules in textile and lumber mills. S it £33- Fubize A% B vEd ung Sol Lamp it SHOBT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) e 3 b e e _ZRE358EE05 Men Who Know the Value of a Budget Each year our First Mortgage Se- curities are enjoying a larger sale. SR 3 Alum_ Co._of Amer. 7« 19 | Am el & Tel, Co. 4 Amer. Thread Co T Anaconda Capper Bs 1920 Associated Oil 6a 1 Balmore & Gn) n Nor OB, ¥ 5t Conels il & S0P SR R MINING SHARES. Our Partial Payment Plan is partly responsible for this—since it affords the purchase of a Safe, Dependable and Remunerative investment by a regular monthly payment. Many of our customers have found that by budgeting their incomes and making “Investment” an item of that budget e el vy Financial Independence ‘ HANNON: \:&LUCHS . 713 nSA;ij ;:;:SSTR!ET T T ‘/W’,,,‘ e The Field of Apartments " B i Fhoher | Columbia” G- Continental G. General Pes 'r'" Cor- OFFICERS Rebert N. Harper President Herace G. Smithy Joshua Evans, Jr. €. 3. Gockeler Hilleary L. Offutt, Jr. Vice Presidents Charles C. Rogers Treasurer ‘Wharton E. Lester l-llvl P. Barnard Attorneys ioiasing - - Noranda £ mier Goid M A" Warrior hor. PARTIT Authorized .. it P Tl 6 1841 | @rezon Short Line Penna R.R. 4¢ 10 Plre O Co. B15a 1933 1% | Sinclalr' ¢ 0l P C. 6% 13 | Sou. Pae |80 S oty 1 Tono Belmont 1Tono Min F T T R A T S TREASURY CERTIFICATES, PEERH RSN (Renorted by ] & W Seligman & Co. ) BUSINESS—This corporation is organized for the purpose of purchasing notes secured by Deeds of Trust on real estate, builders’ loans, underwritings and such other legitimate financing as is authorized by the charter. This stock will be tax free as to District of Colum- bia intangible tax not to exceed 5-10 of 1 per cent. More than f'fté'r;’" cent of the preferred stock has been subscribed by stockholders of the DISTRICT NATIONAL BANK, and the unsold portion is now offered to the public, subJect to allotment. Stock allotted may be paid for in full or 25% upon request and 25% each month there- after until fully paid. : Application will be made to list the preferred stock 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 DISTRICT NATIONAL BANK OF WASHINGTON 1408 G Street Northwest R R R R R R R R R R Rt ~ Ralph P. Barnard Sidney 1. Besnelievre A. P. Cren W. Childress W. Darr Joshua Evans, Jr. er €. J. Geekeler Robert N. Harper W. Chas. Hettmuller W. 8. Hege, Jr. J. Miller Kenyom Marshsil L. King Wharton E. Leater Robert L O’Bri Wm. P. Lipscomb W. H. Martin John F. Maury E. J. Murphy Hilleary L. Offutt, Jn, Charles C. Rogers N. L. Sansbury Horace G. Smithy A rt uitels H. L. Thornton urity— Bia 1927, 100282 1927770 100 5 7 9 . 100 o DIVI])ENDS Period "Hem'gwy A Third of a_Century’s Experience Belde! Eavor oil il oger 0 X v —is one in which we have specialized for a Third of a Century. Owners the city over use our Man- agement service to attend to leases, upkeep, insur- .ance, janitor provision and collections, Qur service costs little and produces much. Try it, B. F. SAUL CO. Main 2100 925 15th St. N.W. d v '“'n'e'l'f.u Fet. nez X Wilkox 0 & ¢ Woodies Pet 1 STANDARD OIL |-~x S Eqfie 0% bl 120 Al Laebos. . . 8 Borme Srevmieer Sont o 1200 o erland 1. 0 ¥ 8 ?:;mmhh m) &R mn, s ) i % 196 g}:'r 15 — . Your Banker When in doubt about a security consult vour hanker. 1t is equally as rauch his interest as yours to proteet our savings. You trust him with ur deposits -why mnot trust him ) with vour investment problems? i 1 - = i - . i ~ )} 1 An all-Chinese fiim, depicti ters in China 800 years ms: made in England. 44008 O 00 S0 Kaneas Stdney West Richard H, Wilmer tome|