Evening Star Newspaper, March 2, 1927, Page 15

Following is a Mst of bonds and stocks traded- in on the New York @urb Market today. S. wlte INDUSTRUES:. Low. 1:18 undreds 13 13 2 N 105 108 R v 280 23 TN e F 9! iy atn 109 1488 Y4 /e B/r B}/ B e A s 0% 5 sd Ao end B A0 408 A0 o JAWPYaAmmi f18 28 88 £ 1085 1008 t p.. 1123 112 " 11238 L Rireiall wa v 8% as Ay 1 Beavernd vie ptd 38 © 38 1 88, 1 Biyn Shoes Inc 11:& ‘_1":2 171 3% 3% 3% 1 o 2':’ MW § 1 Case_Plo’ vic B 37 3% alotex Co. pfd’ h 7 Cen Auirre Suk. 103% 101% 103% S Cent Lea n wi l.i:i” 4308 B,°B T 16 1O Sphing & Bl 10w 1Chi Nip A ... 431y 22 Common P € n 47 n nt pan B wi i: 6 N Y nopf wi 02 5 Consol _Lamd 20% a % Cuneo Press . 178 9 Curtiss _Aero £.I 1, Curtis Pub 178 1 Curtis Pu pt 10 115 IDAFRC Vet % PRSI T T I 1Dubilier C & R. 3% ‘in an ® Dunhill Inil. 1. 28 20 9 Durant Mot ... 8 »l 1East Roll M ni. 28 o8 1 Eitingon Schild. . 34 343 1 Bd & Sh b lg;’\‘; #a it =1 :‘E un 50 Th TR Ford Mot Co_C; 480 480 Foundati 18 18 3 Frank M 1% 18 2 Freshman Cl 19 1 1 Fulton Syiphe 41 41 7 Garod Corp 1 k] 11 Gen_ Bak A 618 oim 32 Gen Bak B. 63 6% ~ 4 Gen Elec Ger'war143 ' 133 1 148 " BGillette S R.... 90% 90 3 Gleason . 1080 108 10! 2 Glen ‘Alden Coal170 " 1804 189 1Gobel A ... 20% 208 29 18 Ge Aar R 38 ar 3TY % griet’ T, & Br pf108, 100, 108 Hemmnes c 8'F gy T dn Cdv 2 20 12y 5 1 1% % "t 35 533 siu A% 83 a4 % 134 301 \\X x:gx *l?l 4 4 % ks gk 128 128 15 16 i 11 th 4 AR AN 1384 136 W ode e 7 165 1 1080 108" 108 50 eaw ‘3 i By iy % 810 , 101 1 24 24 d¢ b #¥ 2y Hy % 31 a7 #al 1147 1147 114 % 95y 105, 192 1 8634 861 6614 4 11 11 11 s B8 w8 & ‘2 P 318 18 31 h 19 19% 19 : v e " 176" 178 123 12 b 1804 180 8% 69 248 250 Rem 347 34 a% 4 ) 28% 28 B B o 301 - 301 al by By 8 1215 5 382 " 383 : R 3 21 1 g % 0% H § 22& cg‘i‘f 223 » 18 1R 18 Pl 30% 136% ,39% H SR bRy 68 G 8y 32 3& 11 Sol et m L &P ADE. 62 9. 1§nlv Teat 4r85; 373 27’ be] ZUSDistnwi.. 1 30 8 Dist n n} wi .% u v Gpsam ... 96 o8 g L fi Hi'n , 48 ul P & B 14y 1‘1 17 Warner Bros Pie 2 17 1 W bairs Pro & fig% % B0u W Dairy P vic B 1 g 1% Wees O & 8n vie [ Westmoro “Coxl. 838 8% 1% White Sew Mach 23 YounS & Tvpf 20% 28 5 Pelos MINING STOCKS. o % Wenien "o 5: op 30 Weet End Corsol .13 EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Purposes of “Puts” and “Calls.” Continuing the discussion of “puts’ and “calls” begun in the preceding article, let us now see what purposes are served by this method of trading. Take the case of a speculator who bought a call on General Motors good for 30 days at 165 w the stock was being traded in at 155. For this option the buyer would pay the seller $137.50 for each 100 shares. Now the position of the speculator who had purchased such a call is this: No mat- ter what the market may do during the next 30 days, he can always buy 100 shares for $16,500. Obviously, as Jong as he could purchase at a lower price in the open market his call would be of no value and if General Motors remained under 165 for all the 80 days covered by the option, the call would never be exercised and the spec- ulator would be out $137:60. If, on the other hand, General Motors should ®ell in the open market at 167 he would be able to buy 100 shares by means of his call at a price $200 lower than he could without the call, so that his profit on the transaction would be the difference between $200 and $137.50, Now take the case of a put. Sup- pose the speculator had purchased & t on Generul Motors at 145 when he open market price was 155. In , that case no matter how badly Gen- eral Motors might slump at any time during the 30 days, the buyer of the 4 FINANCIAL. NEW YORK CURB MARKET ., Received by Private Wire Direct to The Star Office Sales in INDEPENDENT OIL STOCKS. hundreds. 5 R 46 Am Con Oilfids. "i‘ E‘é e,/. 22 % 2i% W 21 zxu 215 st b ot ot e 20" 29 28 2% 3 13 1:% 1[;;6. 43 odf 4 i in 1% 9 L5 Sk 26 20% 268% ‘11,' ‘? 43 dg 4% o S o e 5 12 12 'lk 7 12 2 21 1 I\T\ Ul' 2l 29§ Banae G % o by "1 Woodley pet’n. T Gy G4 Sales STANDARD OIL ISSUES. 0 ynits $he e 10 7 4 47 s 3 08 1;3& 1308 .- 52 b2 gk L i il 1 T ue g%‘n o0 39y 4 2 % fl¥ ‘.k ol us" 145 L on ol T8 i B B % i 38 ?fll 312 ?)2 18 118 18 17 17 \7 100% 100% 100% Sales in thousands. U Al Pk 5 % b4 7a Alim &% o™ 108™ 188" 13 Am Gas & 10234 102 102 124AP & Lt 1003 100% 1003 zx ?nwsf,zun 133‘. 1044 104% ppal :"l Pfl‘." ‘§§& lsgg lgfi iR’y 'y B, 7 9 115 101% 1016 Brun T & £ ‘§1 g7 % 7 1 8 N&‘ ”' 1& 1. » ‘é’ L Serv Os. 102 10 1 ad l&i 1 132 G 10038 10088 1 fmened 1 s HE HE W 8 ontain"oo A o 538 B34t 53 1 Cud. 5&. s; 81 97 g 1 2 7 10 t o Pla 1 Bs. 5 % 9 Gal Sig P 78 "30 91 o1 o1 10 Gatineau Pow B8 96 04 v 8 Gatineau Pow 6s 101 ’"13 ll’lg 4 Gen Inv Bs A wil004 1008 100 3 a otors lx() 100 100 3 Tz 01y lg%x 101 % ; ulf 0 Pa 13& 10044 1 uif St Ut 9 %8 HEYUER mestone 1 Iny Gr_Nor 99 Us” b+ Alores 8 B0 B #E w 8 Lone 101 Tt Ba. 104" 2 104 1 Crory St 5 98 98 8 6 Manito P 548 Dgt 99 09% 2Mass Gas 6%0. 103% 103% 1034 HEEATAE N . jorri lg llrl’.gl‘zofil*.} . l.‘ '}W“ 2Nat P8 6%s A 99 29 4 McShep 8s wi. . B!n 98 14 Nor Am Ed 5s A 98 98 1No Sta P'M 6%s 103 103 lNoSP)‘UKs.ClHfi 113 2 Okl Na Gas llOZE l()g # Ohio 430 e el 8 8 3 0hio Riv Ed Bs. 083, 3 1P Oh E 6s A ww 'm& 26 flflh 1Phila Rap Tr 6s 102 102 2 6 Por Rican To 6s 991 987% 98% 2Powmlc Ed bs E 85 95 2 Pu MrNJbK’ll 1 101 }02 51 Pu S'E G Bs . 09 08 99 12 P 0il Co U'fl 103 1 & Y 10 Richfld Qil 8s 9 33 15 Schulte 83 % 93% 10 Schule E 86 gg 5 Shawsheen lolé 101 101 o B BEGS S HY e 1 hAL 1 1043 108 sco; 'n Oil Pro fi 7 g lkng flo 10! : o7 01 H " AR L e 10 Wabash R C 183 *us ik sy a7 g v Ml 2 Wise Cent Be. .. D8 Og‘,fi 3%* Sales by !Goumd..mnlon BONDS, 5 Ants (e Bazew 2004l PSR - copeotonecSon SRES258RRII3553332 - FESELEER I FEFEE e e L e 3232233 4 . 1 lask 109% 32 i 100 | Hy s 18 1087 b 138 8 199% L4 H 83 101, 3 LR *Ex dividend. SAYS BUSINESS IS GOOD. NEW ' YORK, March 2 UP).—The general ievel of industry and trade bas made further gains in February, says the Naiional City Bank of New York in its ;monthly review of gen eral business conditions. “Opera- tions In soma lines are showing a slack, comparetd with the exception- ally high levels of a year ago, but judged by ordinury standards, busi- ness in the aggregate continues very satisfactory and the present trend is upward.” NEW YORK MARKETS. NEW YORK. Mardh 2 (#) firm; Spring patents, 7 Winter straights, 6.20a6¢5. ter straights, Rye firm: No 2 Western, and 1143 strong; malting, e.A.L. York. Lard firm; Middle West, low firmer 7s. Wheat 1.16Y itures opened 1.43%. May articles umn- % stead:; oats, cha STATEMENT OF THE CONDITION LIFE &CASUALTY INSURANCE COMPANY OF NAS! TENN. ViILL] N —on the 31st day of December, 1026, as required under the District of' Columbia Flour | 03 | ; hard Win- special loose, | DAY, MARCH 2 | A Fool and Hl» Money. ; Tne fact that a stock certificate s printed in fancy green scrollwork 1s no proof that it fs worth any mo 61/2 % ONSULT US | or safe investment of | r Look | It ‘rr\nmlulzl:l(u‘!luln X | o yty vest- he fytiire by inves siness ang e Rrtets. than ordinary wall paper. Thousan . A ! AR s {of people in Washingion would have MF‘:" Win. H. Saunders Co, || metiate action. 0. save eir money if they simply ha ortgage nsked helr banker to tell them what | No o PEOPLES FINANCE CO. he knew of some supposedly wonder: 1010 Vermont Ave.. Rm. ful_investment. E aaks = M;ancy to Loan Secured by first deed of trust on real estate Pfl-vlillnl interest and commission, "_"’ffi" “{e“"' 430 Wash. The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate n the District of Columbia and Nearby Suburbs in Montgomery County, for 3, 5 or 10 year terms on your HOME OWNERS LOANS U (0 8300 wi dny. 6 interest brokopen: Ne 13 inpe. take' Snd. i;;&'.'i "E our prownty VP e Home 1 Offiss Bail al tate Small . 305 Dl Mot Lok Apartment 290 i Mortgage Money Loaned at 5% to 6% Apply Raxvpary H. FAGNER & COMPANY MORTGAGE LoaAN GORRESPONDENT . amended June 30, 1902. and August | 18. 1911, Capltal stock ... $1.000.000.00 Capital stock, paid . in cash 1:000.000.00 | Cash ip office. Cash in bank Real estate - . - 4 { T firet 5 004.573.17 | _value) ... . e 2.046.254.22 Bills receivabia’ 101 121.676.45 ; Rands ot ‘hrente o0 44 1N 500 704.00 Interest due and ~ecorned. $71.- 782.76: rents. $040 04 ... 7272040 assote: Pol. ioans, ' brem.” notes. 243.037.00 POTATO MARKET FIRM. CHICAGO, March 2 (P).—Potatoes— Receipts, 68 cars; on track, 244; tetal United States shipments, 722; sup- plies on russets moderate, demand and trading good, market firm; supplies on round whites liberal, demand and trad- ing slow, market dull; Wisconsin sacked round whites, 1.75a1.90, mostly around 1.85; Idaho sacked russets, 2.8023.00, mostly 2.9022.95. ‘WILL ACT ON STOCK BOOST. NEW YORK, March 2 (#).—Stock- holders of Columbus Electric & Power Co. will take action March 31 on a proposed increase in common stock from 262,000 to 500,000 shares, Subject to approval of the Public Serv ice Commissions of Georgia and Ala- bama, the company plans to pay a stock dividend of one-twentieth of n share annually in addition to the regu lar unnual cash dividend of $2 a shave. e POULTRY MARKET STE‘ADY, CHICAGO, March 2 (#).—Poultry, alive—Stead: receipts, four car: fowls, 2§, rings, 30; turkeys, 30: ;:oner-, 19; ducks, 20a32; geese, 16a i PRICES ON PARIS BOURSE. PARIS, March 2 (P).—Prices moved irregularly on the Bourse today. Three per cent rentes, 52 francs 85 centimes, Exchange on London, 124 franes § centimes. Five per cent loan, 66 francs 30 centimes. The dollar was quoted at 25 francs 66 centimes, CRUDE OIL PRICE CUT. PITTSBURGH, March 2 (#).—A cut of 20 cents a barrel was made today in Corning, Cabell and Somer- wet grades of Pennsylvania crude oil. ut could always dispose of 100 shares 'or $14,600. If the open market price ot the stock held consistently above the put price throughout the 30 days, the option would never be exercised and the speculator would be out sim- ply the price he pald for the put. Meanwhile, however, he has been insured against either an excessive rise or an excessive fall in the wmarket. The new prices, posted by purchas- ing agencles are Corning, $1.85; Cabell, §1.70, and Somerset, $1.80. HOWE SOUND PROFIT, NEW YORK, March 2 (#).—Howe 000.00 60210 301,07 et e R 117.320.40 Brokerage, efc.. . 1223'46 Capital stock ... . 1.000,660.00 All “other liabilit prems. int. 11677281 Contingent reserve 850.000.00 us ...... 284.627.08 $6.234,037.01 oblailneu transacted ‘during & inary life. industrial life. beaith Amount of risk accident, abaymed dur ing the vear 1090 Losses !lu’;lulnfld duriny Total Mablitles . racte: Character o {he year 1626, ndustri accident ‘miscellaneous £$126,800.876.00 Economic_Condjtions thler utherford %lm.fln‘;:: l:lhlnl Benefit Life 1520 K Street ~ Main 475 1321 Connecticut Avenue Telephone Main 9700 TRUST COMPANIES, BANKING INSTITUTIONS. BROKERS Consult us daily regarding the value of City Central properties. Sto.res. Warehouses, Business Bulldmgs, Apartments SLADE & C0. New York Stock Ex- Fork Coften & su';.» = N 3 New - York ' (otion change—Chicako Board of Trad THE MAYFLOWER HOTEL WASHINGTON, D. C. Telephone Main 1581 Years of Profitable Guidance enables us to ren- der a service that is Invaluable to the Investor City Central Property Dept. Clients of other houses stopping in Wachington are invited to avail them- selves of our facilities, Main Ofos 71 Broadway. New York. Money Available For First Deed of Trust LOANS Reasonable Interest and Commision 713 14th St. N.W. Main 8345 » o o derin e, 281439030 Tore 2 e i Surine 0 n.580.286.10 (2 e 604844443 A M. BURTON. President. H. B. P;OLKi Sectetary. ‘!E;'lb’;:flbo(xl";:'{f' sworn, to_before me this Sealy °f TR EhWIN Moss, Notary Publfe. H. A, HOLLINS, Dist. Mgr., 224 Evening $tar Bldg. * "Phone Franklin 468. Washington, D. C. STATEMENT (01-‘ THE CONDITION NATIONAL UNION INSURANCE COMPANY i OF WABHINGT(’&. D. C. —on the 31st day of December, 1926, as rfimmd under the @istrict of Columbia Code, amended June 30, 1902, and August 18. ie11. .$100,000.00 .. ’IWAOOEOO $1,0R0.18 4.841.45 436,840.00 20,362.50 3,833.11 hands of agents. ... Z Interest and rents’ due and ac- crued Total ageets. . .. TABILITIES, Net unpaid elrf‘;nl’.... ve a8 re heldlinder Expenses. bi Capital stock . StFpits over Total liabilities .......... $471,020.29 e m{‘;.fl business 'transacted 'during ooy 106 1N iy i $11,874,685.00 111,367.79 ihe ‘vear R e A R o ’;m%u‘szw, FOWLER, Notary Publie. D. ¢ OF e CONDITION TEMEN National Union Indemnity Co. 3 the year 1926: Auto llability. auto nru‘l!er"!; ¢Pmage and collision. llability other than auto.” property damage and collision other than’ auto. plate glass. s150%en sustained during the year 1026, E.E. COLE. Jr., Vice President. DOTY. § Singerived “ind wom to_bef this S ‘ind” sworn to_before me ”}5:31:{ ot Peoruary, 1057. otary Public. My commission expires February 18, 1929. BRYARLY & BURRELL, Resident Agents, Suite 60, H. L. Rust Co. Bldg., 1001 15th St. N.W. ompt Action, ety First Nfl)rtgag’e ans west Rates of Interest and ‘Commission. 'homas J. Fisher & Company, Inc. " 88 1th Strest. Tested Merit TRAUS Bonds are a | | class of securities of ||| | proven and tested merit which entitle them to the favorable consideration of the investing public. We are now offering widely et , yielding up to 6%, in $1,000, $500 and $100 amounts. Investigate. Write today for and ask for BOOKLET 461-G S.W.STRAUS & CO:.| Established 1882 Incorperated | Investmens Bonds B TETEENTH NTREET jephone Main 5847 IWASHINGTON Sound Co. earned §6444 a share in 1926, against §1.90 a share in 1925. Net profit rose to $2,697.748 from $247,308, % ‘The Straus Hallmark on a bond stamps it a8 once as the premier veal estate security 1513835 f | of Pittsburgh, Pa. | Toquired” under %R Chibeember 1920, as e *Distric Eadleamended e 0. 5662, o At Cap POTRRE (. X caini? | *786:060:00 , Hiaa . 1.208.040.04 19080500 REAL ESTATE NOTES First and Second Trusts Prompt Replies to Applications JAMES F, SHEA 643 Louisiana Ave. N.W. Purchased on IMPROVED REAL ESTATE In District of Columbia and Nearby Maryland WE PAY MORE INTEREST . ON SAVINGS ACCOUNTS Than Any Other National Bank in Washingten Interest on DAILY Balances Come in and let us explain Commercial Nat'| Bank 14th and G Streets Resources $17,000,000 R GOLDEN DONALDSON. PRESIDENT International Finance Corp. 400 Commercial Nat’l Bank Bldg. FirstMortgagc Money to Loan oans ‘Applications Invited at 5% % " On Improved Property Improved Real Estate in the National Capital. Applications confidenti Prompt service. ) Interest rates—S'/zv & 6% MORTGAGE DEPARTMENT Construction Loans at Minimum Rates Glover & Flather 1508 H St. N.W. 713, 715 and 717 14th St. Main 2345 and Restdential Loans on 2nd 508. Maln 2908| f | Harriman & Company TRINITY BUILDING, 111 Broadway, NEW YORK MEMBERS NEW YORK STOCK EXCHANGE TRANSACT A GENERAL BROKERAGE AND S8TOCK EXCHANGE BUSINESS WASHINGTON OFFICE 729 15th Street NW. Telephone: Main 1603 A Third of a Century’s Experience Whatever Type of Rental Property —you own,!our special- izing ProPerty Manage- ment service can help you to hold your profits from it at a better level Through close, daily con- tact with every phase of the Washington realty field, we know how to make your property make money for you. B. F. SAUL CO. Main 2100 925 15th St. NW. Equitable Co-Operative Building Assn JOHN JOY EDSON, President WALTER S. W 47th Y Organized 1879 Assets. . .....$5,136,317.22 Subscriptions for the 92nd lssue of Stock Being Received Start Today Saving Systematically Whether you are ' saving for a house or to complete your chil- dren’s education, you'll find the Equi- table’s systematic sav- ing plan a valuable aid_ to accumulate money. Just a small por- tion of your salary deposited regularly will in time grow te 2 substantial aum. Start now and stick to it. CONSTRUCTION LOANS =S A s We give your First Mortgage ap- plication immediate attention. Prompt action. No delays. 6% Interest FIVE ADVANTAGES of the Metropolitan Life Insurance Co. Loan Loans are made for a period of fifteen years. No renewal charges. Dwelling loans may be retired on any interest date after the third year, without payment of bonus. Small installment payments of 3%, of the principal are made semi-annually, commencing either in six months or after three yeats. 5. Cash investment in home increases semi-annually as the loan is reduced. We will be glad to discuss your problems with you. | WHERSEROS 809 15th Street N.W. Phone Main 9486 B. F. SAUL CO. Main 2100 925 15th St. N.W. % ~—when invested in the preferred stock of this corporation ERE is an Investment-Savings Plan that answers the insistent demand of the person of small or large means to receive adequate return on a sound investment. Each share of Preferred Stock pays 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- ience with the established earning worth of your investment. Full 8% interest¥s paid on your pay- ments, in multiples of $25, from the day of receipt. You are offered the absolute protection of defi- nitely desirable real estate mort, s on properties carefully appraised for your security. X You are offered the unusual nity of re- deeming your stock at any time after one year’s ownership. Write or Phone Leaflet— “More Per Cent and More Per Dollar” THE FINANCE AND INVESTMENT CORPORATION 927 15th St. N.W. Main 2455 Hi Clarence C. We Phill,l;' m;::-n. 'eidemann,